Session Start: Wed Feb 18 09:24:25 2009
Session Ident: #futurestrades
[09:24] * Now talking in #futurestrades
[09:24] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:26] <kosmipt>
[09:30] <drt>
all
[09:38] <pdays> Shorts TF @ 427.7
[09:39] <+pdays> Covered all TF Short @ 427.2 --> + 0.5
[09:45] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20[09:51] <szubaark> Shorts ES @ 787.75 «« paper »»
[09:56] <@NihabaAshi> Shorts ES @ 788.00 -> medium size
[09:56] <@NihabaAshi> 4 only
[09:58] <+kosmipt> testing gap/yesterdays low at 786
[09:59] <rickf> long es 786
[09:59] <+szubaark> Covered all Short ES at 785.75 --> + 2 «« paper »»
[10:00] <@NihabaAshi> Covered 3/4 ES Short @ 785.75 --> + 2.25
[10:01] <pat255> dang distraction missed the S
[10:01] <+rickf> out 86.25+.25
[10:05] <+rickf> there she rolls
[10:05] <+kosmipt> looks like another sell the rallies day
[10:09] <@NihabaAshi> Covered Remainder ES Short @ 781.00 --> + 7
[10:10] <+rickf> long es 779
[10:12] <+rickf> out 780 +1
[10:12] <+rickf> prolly could have held
[10:12] <+rickf> yep
[10:20] <+rickf> could have held....owell thereis always another trade
[10:20] <+rickf> VN wrbtrader
[10:21] <+szubaark> nice wrbtrader and rick
[10:25] <+kosmipt> short SSO 19.70
[10:25] <+rickf> EIA at 1030
[10:25] <+szubaark> SSO?
[10:25] <+rickf> ultra long sp etf
[10:26] <+rickf> SDS is ultrashort
[10:26] <+rickf> 2x
[10:26] <+kosmipt> 100 SSO = 1/10 ES
[10:30] <+rickf> sell limit 785
[10:31] <+rickf> filled
[10:33] <+szubaark> kosmipt, why not trade SPY ETF?
[10:40] * codehead_afk is now known as codehead
[10:40] <+rickf> out 84.50 +.50
[10:40] <+rickf> still looking lower but taking too long
[10:42] <+kosmipt> out 19.85 -0.15
[10:45] <+rickf> short es 84.50
[10:46] <+rickf> out 85.75 -1.25
[10:46] <+rickf> that was stupid
[10:53] <+szubaark> Shorts ES @ 784 «« paper »»
[10:54] <+rickf> still bumping along that 84-86 area ... hard to judge the movement tho i would suspect short
[10:55] <+szubaark> yea just looking to scalp
[10:56] <+szubaark> Covered all Short ES at 783 --> + 1 «« paper »»
[11:01] <+rickf> back later gym
[11:08] <winmax60> Long NQ @ 1187.00 -> small size «« simulator »»
[11:10] <+winmax60> Exited all NQ Long @ 1189 --> + 2 «« simulator »»
[11:19] <jbuch> Shorts SPY @ 79.19
[11:20] <+jbuch> Covered all SPY Short @ 79.23 --> - 0.04
[11:24] <+szubaark> the open looked Bearish, now im Neutral after this pullback
[11:25] <+jbuch> ya I keep thinking it is going to reverse and it just keeps on creeping up
[11:25] <+szubaark> this price action is still better then yersturday
.. i got hammered yersturday in that Chop Range
[11:32] <+jbuch> Shorts SPY @ 79.48
[11:34] <+winmax60> Shorts NQ @ 1197 -> small size «« simulator »»
[11:35] <+jbuch> Covered all SPY Short @ 79.41 --> + 0.07
[11:37] <+jbuch> man I have had 1 or 2 cent slippage on every transaction so far today
[11:40] <+jbuch> Shorts SPY @ 79.39
[11:42] <+jbuch> Covered all SPY Short @ 79.49 --> - 0.1
[11:42] <+winmax60> Covered all NQ Short @ 1198.50 --> - 1.5 «« simulator »»
[11:48] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20[11:56] <+rickf> back
[11:58] <Flow> Shorts ES @ 791.25
[12:00] <+szubaark> Shorts ES @ 789 «« paper »»
[12:03] <+szubaark> exit stop set ES @ 792 «« paper »»
[12:04] <+szubaark> Covered all Short ES at 792 --> - 3 «« paper »»
[12:04] <+szubaark> Buys ES @ 792 «« paper »»
[12:05] <+szubaark> Whipsaw
[12:09] <+Flow> Covered all ES Short @ 793.25 --> - 2
[12:10] <+szubaark> non-stop buying since intraday low
[12:16] <+codehead> if hod break, next upside target is 802 (and planning sell short)
[12:23] <+szubaark> 796 Overnight high first
[12:33] <+jbuch> Shorts SPY @ 79.47
[12:35] <+codehead> long 2c ES 788.25 <paper>
[12:35] <+jbuch> Covered 1/2 SPY Short @ 79.27 --> + 0.2
[12:36] <+codehead> exit ES +0.25 <paper>
[12:37] <+codehead> taking kinda long
[12:38] <+codehead> lack of patience
[12:38] <+jbuch> Covered Remainder SPY Short @ 79.41 --> + 0.06
[12:38] <+szubaark> yea u need patience of a Saint for this
[12:39] <@NihabaAshi> Shorts ES @ 788.00 -> small size
[12:39] <@NihabaAshi> 2 only
[12:39] <+szubaark> wow..pulling back some more
[12:40] <+jbuch> Shorts SPY @ 79.23
[12:40] <+codehead> problem with ES is that lod wasn't a key target
[12:40] <+codehead> 773.00 next on downside :-P
[12:40] <+szubaark> bounce was strong..oh well im staying Long
[12:41] <+codehead> not saying it's going there directly, or without a big bounce first--just that there is no bottom resolution
[12:41] <+codehead> 786.50 hit, .500 retrace exactly...
[12:41] <+codehead> you see bids there
[12:42] <@NihabaAshi> Covered all ES Short @ 787.50 --> + 0.5
[12:42] <+jbuch> Covered all SPY Short @ 79.18 --> + 0.05
[12:43] <+codehead> also notice the previous place it stalled, where i had paper order, was .382 exactly
[12:43] <+codehead> you see covering at fibs
[12:43] <+codehead> and buy tries
[12:45] <+jbuch> yesterdays LOD
[12:49] <+jbuch> Shorts SPY @ 79.27
[12:50] <+jbuch> Covered 1/2 SPY Short @ 79.12 --> + 0.15
[12:51] <+jbuch> oops 79.13
[12:52] <+codehead> long 1c ES 786.50 <paper>
[12:53] <+codehead> exit ES flat <paper>
[12:53] <+szubaark> .61% retrace now
[12:53] <+szubaark> needs to Pop here
[12:53] <+jbuch> Covered Remainder SPY Short @ 79.09 --> + 0.18
[12:56] <+jbuch> knew I should have reversed that
[12:56] <+szubaark> to the tick
[12:57] <+jbuch> szu you still long from 792
[12:57] <+szubaark> yupper...Im Bullish
[12:57] <+szubaark> gonna sit thru this pullback
[12:57] <+jbuch>
[13:06] <+jbuch> Shorts SPY @ 79.28
[13:09] <+jbuch> Covered all SPY Short @ 79.2 --> + 0.08
[13:12] <+szubaark> lunchtime CHOP
[13:14] <+rickf> is why i'm staying away .... doing some work on my stocks
[13:14] <+winmax60> Long ES @ 787.75 -> small size «« simulator »»
[13:19] <+winmax60> Exited all ES Long @ 786.50 --> - 1.25 «« simulator »»
[13:35] <+codehead> i have long 783.00 for scalp
[13:45] <+codehead> was afk when my order at 783.25 filled long ES... exit +.25 since it went .1.00 against me while talking to roofer
[13:48] <Sidhartha> Shorts ES @ 783.75 «« simulator »»
[13:49] <+codehead> btw, going 3 ticks against the target is borderline, would have stayed in if with the trend but it's not, and downside targets open
[13:50] <+szubaark> should have stayed with my Short
[13:50] <+Sidhartha> Covered all ES Short @ 783 --> + 0.75 «« simulator »»
[13:52] <+codehead> have 779.50 next down target
[13:54] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20[13:55] <+jbuch> Long SPY @ 78.79
[13:55] <+szubaark> gezz we are due for a bounce
[13:55] <+codehead> 788.50 is upside target
[13:56] <+codehead> for now, bidders were pretty storng there
[13:56] <+codehead> it retested that same low, couldn't get thru
[13:56] <+jbuch> Exited all SPY Long @ 78.89 --> + 0.1
[13:57] <+szubaark> probobly gonna test and re-test here for a while before next move
[13:57] <+szubaark> CHOP TIME
[13:58] <@NihabaAshi> Long ES @ 784.00 -> small size
[13:58] <@NihabaAshi> 2 only
[13:59] <+codehead> should be scalp long hee, but battle
[14:00] <+jbuch> Shorts SPY @ 78.79
[14:01] <@NihabaAshi> Exited ES Long @ 783.00 --> - 1
[14:01] <@NihabaAshi> Reverse and Enter Short ES @ 783.00
[14:01] <+jbuch> Covered all SPY Short @ 78.71 --> + 0.08
[14:02] <+jbuch> Long SPY @ 78.91
[14:03] <+jbuch> Exited all SPY Long @ 78.85 --> - 0.06
[14:03] <@NihabaAshi> Covered ES Short @ 784.25 --> - 1.25
[14:03] <@NihabaAshi> Reverse and Enter Long ES @ 784.25
[14:05] <@NihabaAshi> volatility increasing
[14:05] <@NihabaAshi> something is up
[14:05] <@NihabaAshi> 2pm est FOMC Minutes
[14:06] <+szubaark>
[14:06] <+rickf> obama speaking i think
[14:06] <+rickf> damn missed fomc minutes on the schedule
[14:07] <+rickf> housing plan announced
[14:07] <@NihabaAshi> same here...got burnt for "forgetting about it".
[14:09] <@NihabaAshi> Exited all ES Long @ 786.50 --> + 2.25
[14:09] <+rickf> wtg
[14:10] <+szubaark> nice 1-2 wrbtrader
[14:11] <+codehead> 788.25 is upside target (moved down a tick when we went lower a tick before bounce)
[14:14] <+jbuch> Shorts SPY @ 78.74
[14:14] <+szubaark> got Stops below last Support on that spike
[14:14] <+jbuch> Covered all SPY Short @ 78.70 --> + 0.04
[14:16] <+jbuch> chasing working on 3 hours of intermitent
last night shouldn't be trading
[14:26] <+jbuch> Shorts SPY @ 78.78
[14:28] <+jbuch> Covered all SPY Short @ 78.79 --> - 0.01
[14:28] <+rickf> Fed Cuts Growth Forecasts, Sets 2% as Long-Term Inflation Goal (Bloomberg)
[14:32] <+szubaark> 787 first brick Wall
[14:33] <+jbuch> Long SPY @ 79.01
[14:35] <+jbuch> Exited all SPY Long @ 79.09 --> + 0.08
[14:35] <+codehead> nice wave target 797.25, would look pretty on the intraday
[14:36] <+jbuch> Shorts SPY @ 78.97
[14:37] <+jbuch> Covered all SPY Short @ 78.81 --> + 0.16
[14:39] <+szubaark> damn each rally is sold Hard
[14:40] <+jbuch> feels like everything is sold hard
[14:40] <+szubaark> tests and re-tests are just fakeouts for Longs
[14:41] <+szubaark> i was Bullish after that morning strong runup..didnt expect them to take it down like this
[14:44] <+rickf> just feels like a coiled spring again
[14:45] <+szubaark> this Bearish market is just too tough to trade..cant wait til we get Bullish again.
[14:45] <+jbuch> Long SPY @ 78/71
[14:45] <+rickf> nah - trade the same way just do it in reverse
[14:45] <+rickf>
[14:45] <+rickf> or go stand on your head and look @ chart
[14:46] <+szubaark> lol
[14:46] <+szubaark> the followthru is just better in Bull
[14:47] <+jbuch> Exited all SPY Long @ 78.85 --> + 78.85 - 78/71
[14:57] <+szubaark> 787 needs to get taken out for any upside
[14:58] <+rickf> long es 787
[15:00] <+rickf> out 87.25 +.25
[15:00] <+rickf> phone
[15:01] <+rickf> back
[15:02] <+szubaark>
[15:02] <+rickf> right idea right entry but distracted before i could set my stops/limits
[15:04] <+szubaark> this is tough enough no need for distractions. A lot of Pros trade in total isolation WITH NO OUSIDE Contact
[15:06] <+rickf> sell limit 792
[15:08] <+rickf> cxl 792
[15:11] <+winmax60> Long ES @ 786.5 -> small size «« simulator »»
[15:12] <+winmax60> Exited all ES Long @ 788.75 --> + 2.25 «« simulator »»
[15:12] <+rickf> nice catch
[15:12] <+szubaark> 792 next brick wall
[15:12] <+winmax60> :-)
[15:13] <+szubaark> still early in day so they could just rocket to upside
[15:13] <+rickf> yes - imho hard to trade s/r levels during last hour
[15:13] <+rickf> it's all trade-by-seat-of-pants i think
[15:14] <+rickf> blows through levels, renders indicators useless
[15:15] <+szubaark> im starting to see a pattern..i make money in AM then give it ALL BACK PLUS SOME in PM
[15:15] <+szubaark> PM is just too Choppy lately with hard fakeouts
[15:16] <+rickf> situational awareness is key
[15:16] <+szubaark> next week AM will probobly be Choppy and PM followthru
[15:16] <+rickf> ie i will nearly NEVER be short 2:20-2:45
[15:17] <+rickf> cuz that's when bond money comes into the market and we almost always get a short pop up
[15:17] <+rickf> then we either sustain it or it noodles around and reverses, or just chops like it did last week for the rest of the day
[15:25] <+szubaark> Pop CHOP Pop Chop.. gezzz
[15:33] <+drt> l ym 20
[15:34] <+drt> stp l ym 10
[15:35] <+szubaark> too much noise and chop to hold a trade..
[15:36] <+winmax60> Shorts ES @ 784.75 -> small size «« simulator »»
[15:39] <+rickf> ok got repair guy @ the door .... back in a while, if not tomorrow.
[15:39] <+winmax60> Covered all ES Short @ 784.25 --> + 0.5 «« simulator »»
[15:40] <+drt> s ym 15
[15:40] <+szubaark> puusshhhhh
[15:49] <+winmax60> Long ES @ 787.50 -> small size «« simulator »»
[15:50] <+winmax60> Exited all ES Long @ 785.5 --> - 2 «« simulator »»
[15:51] <+winmax60> Long ES @ 787 -> small size «« simulator »»
[15:55] <+winmax60> Exited all ES Long @ 786 --> - 1 «« simulator »»
[15:56] <+winmax60> Long ES @ 787.25 -> small size «« simulator »»
[15:57] <+rickf> anticlimactic afternoon session
[15:57] <+rickf> much of nothing
[15:57] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20[15:58] <+szubaark> taking its SWEET time as always
[15:58] <+rickf> not worrting about it
[15:58] <+rickf> take what it offers, if anything
[15:58] <+rickf> if not? there's always another trade
[15:59] <+szubaark> im done trading PM until it improves,too much stress right now
[16:00] <+drt> c s 30
[16:00] <+winmax60> Exited all ES Long @ 785.25 --> - 2 «« simulator »»
[16:01] <+drt> corr: cs ym 30
[16:01] <+szubaark> Exited all Long ES at 785 --> - 7 «« paper »»
[16:01] <+szubaark> Chop Crap
[16:01] * szubaark is now known as szubaark_away
[16:05] <+rickf> yeah an untradeable pm session
[16:05] <+rickf> ok gotta run ... workers doign their thing
[16:05] <+rickf> see you tomorrow
[16:06] <+kosmipt> wow never seen worse crap than last 2 days
[16:06] <+kosmipt> lost cash 2 days in a row
[16:06] <+kosmipt> glad i was trading small lots of ETFs not futures
[16:09] <+szubaark_away> im hearing emini traders are getting blown out in this chop
[16:11] <@NihabaAshi> I've been hearing the same thing.
[16:11] <@NihabaAshi> Simply, too many traders have forgotten that not every trading day is tradable.
[16:12] <@NihabaAshi> Also, many have not made any position size adjustments (lower than their normal size).
[16:13] <@NihabaAshi> My average large size before the volatility died was 6 - 9 contracts
[16:13] <@NihabaAshi> It's now 4 - 6 contracts
[16:13] <@NihabaAshi> My average small size was around 3 contracts
[16:13] <@NihabaAshi> It's now around 2 contracts
[16:13] <@NihabaAshi> I'm also trading less...a lot less.
[16:14] <@NihabaAshi> I think I was averaging about $1500 per day before the volatility died...
[16:15] <@NihabaAshi> Currently, I'm around $500 per day (I think) during this low volatility chop.
[16:16] <+kosmipt> thanks for the info wrbtrader
[16:16] <@NihabaAshi> Simply, it's a time period to get more personal things completed
[16:16] <+kosmipt> agreed 100%
[18:03] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20[20:06] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20Session Close: Wed Feb 18 20:09:12 2009
