##TheStrategyLab Price Action Chat Room Logs http://www.thestrategylab.com/ftchat/forum/ | |
February 27th Friday 2009 http://www.thestrategylab.com/ftchat/forum/viewtopic.php?f=48&t=117 |
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Author: | wrbtrader [ Fri Feb 27, 2009 7:21 pm ] |
Post subject: | February 27th Friday 2009 |
Session Start: Fri Feb 27 06:22:04 2009 Session Ident: #FuturesTrades [06:22] * Now talking in #FuturesTrades [06:22] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread. [07:43] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @ viewforum.php?f=20 [08:03] <rickf> [08:20] <+rickf> whoa [08:21] <+rickf> vol spike from hell --- news at 0830 i though [08:25] <+rickf> GDP @ 0830 [08:28] <+rickf> short es 35.25 1 ct [08:31] <+rickf> out 733 +2.25 [08:33] <+rickf> Fourth-Quarter GDP Revised Lower than Expected. Economy Shrinks 6.2% (story developing) [08:38] <@NihabaAshi> Good morning all...no trading today for me because I'm leaving right now for appointments at two different doctors for my "annual physical". [08:38] <@NihabaAshi> Have a good trading day and see all on Monday...bye. [08:39] * NihabaAshi is now known as NihabaAshi_away [09:03] * codehead_afk is now known as codehead [09:05] <+rickf> short es 736.25 [09:08] <pat255> rick u are brave [09:08] <+rickf> -- why? [09:08] <+pat255> but uare right tho ...thot may get a bounce [09:09] <+rickf> trend is still down - methinks we got the bounce already [09:09] <+rickf> out 734.75 +1.5 [09:10] * +rickf traded the gdp too - ran 1 ct got 2.25 on that [09:10] <+rickf> THAT was being brave [09:10] <+pat255> vn [09:11] <+rickf> ty [09:29] <drt> all [09:29] <+rickf> short es 735.50 1 ct [09:36] <szubaark> Buys ES @ 738 «« paper »» [09:37] <+rickf> short es 737.50 (add) [09:37] <+rickf> average now 736.50 [09:37] <+szubaark> Exited all Long ES at 734.50 --> - 3.5 «« paper »» [09:37] <+szubaark> Shorts ES @ 734.25 «« paper »» [09:38] <+rickf> exit es 734 +2.59 [09:38] <+rickf> 2.50 [09:39] <+pat255> rick nice again [09:39] <+szubaark> nice [09:39] <+rickf> ty [09:45] <+rickf> grr missed a 737 entry [09:45] <+szubaark> Covered all Short ES at 738 --> - 3.75 «« paper »» [09:46] <+szubaark> [09:46] <+rickf> short es 738.50 1ct [09:46] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @ viewforum.php?f=20 [09:47] <+rickf> exit es 737 +1.50 [09:51] <+szubaark> Shorts ES @ 736 «« paper »» [09:55] <+szubaark> creeper price action [09:56] <+szubaark> everythings Bearish yet they keep creeping it up [10:01] <petrpe> Long ES @ 740.25 «« simulator »» [10:04] <pdays> Shorts ES @ 741.25 [10:04] <+pdays> Covered all ES Short @ 740.25 --> + 1 [10:21] <+szubaark> Covered all Short ES at 744 --> - 8 «« paper »» [10:21] <+szubaark> Buys ES @ 744 «« paper »» [10:21] <+szubaark> the overnight selloff throwing me off [10:23] <+szubaark> my bearish bias is hurting me bad [10:30] <+codehead> ES hit a key # szu [10:30] <+codehead> not necessarily bottom, but... [10:30] <+rickf> ouch [10:30] <+codehead> basically anywhere down there, if it gets bought, could signal bottom [10:30] <+codehead> was planning to buy 730 :-/ [10:31] <+codehead> a bit too early for here on west coast [10:31] <+codehead> wasn't up, didn't have order in place [10:31] <+codehead> stuff look ok when i went to bed [10:46] <+szubaark> Exited all Long ES at 741 --> - 3 «« paper »» [10:46] <+szubaark> Shorts ES @ 741 «« paper »» [10:47] <+szubaark> Slime [10:47] <+szubaark> Covered all Short ES at 745 --> - 4 «« paper »» [10:47] <+szubaark> Buys ES @ 745 «« paper »» [10:47] <+rickf> careful szu [10:47] <+szubaark> slime just did a whipsaw [10:48] <+szubaark> tricky tricky action since open [10:51] <+szubaark> damn took some big Stops so far easy to go RED QUICK [10:55] <+szubaark> Exited all Long ES at 744 --> - 1 «« paper »» [10:55] <+szubaark> Shorts ES @ 744 «« paper »» [10:55] <+rickf> market is going nowhere right now [10:57] <+pat255> back ...big bars too ...need to be careful [10:58] <+rickf> indeed [10:58] <+rickf> in fact time for a workout and lunch - back later [11:05] <winmax60> Shorts ES @ 742.5 -> small size «« simulator »» [11:06] <+winmax60> Covered all ES Short @ 740.5 --> + 2 «« simulator »» [11:10] <+szubaark> Covered all Short ES at 742.25 --> + 1.75 «« paper »» [11:11] <+winmax60> Long ES @ 742.25 -> small size «« simulator »» [11:13] <+szubaark> Shorts ES @ 741 «« paper »» [11:13] <+pat255> vn szu [11:14] <+winmax60> Exited all ES Long @ 740.25 --> - 2 «« simulator »» [11:14] <+szubaark> thanx.. [11:21] <+szubaark> Covered all Short ES at 740.25 --> + 0.75 «« paper »» [11:22] <+codehead> ES bounced a tick above .500 retracement [11:25] <+winmax60> Long ES @ 741 -> small size «« simulator »» [11:27] <+codehead> long ES 739.50 2c <paper> [11:28] <+codehead> exit 1c +2.25<paper> [11:29] <+szubaark> nice [11:30] <+codehead> was getting a bit oversold, and .500 test was in, was going to look for exit under .500 [11:30] <+codehead> iffy day, could retest low, but likely get big bounces [11:30] <+codehead> possible for bottom to be made (even if we see lower) [11:31] <+codehead> stop 737.75 <paper> [11:34] <+codehead> exit remainder +2.00 <paper> [11:34] <+codehead> was going to gamble on bottom, but likely more ops either way [11:37] <+codehead> momo hooking up a bit here [11:37] <+szubaark> Shorts ES @ 740.75 «« paper »» [11:40] <+codehead> k, now pretty clear--it's a lower high, so if we get under 738.50 head for retest try, or above 743.25 [11:40] <+codehead> potntial for a h&s if we get more down [11:40] <+codehead> momo is up tho, for the moment [11:40] <+szubaark> Covered all Short ES at 742.25 --> - 1.5 «« paper »» [11:41] <+szubaark> Buys ES @ 743 «« paper »» [11:41] <+szubaark> its choppin good for friday already [11:41] <+codehead> we have upside gap, so at some point we see higher, whether today or whatever [11:42] <+codehead> end of month too szu [11:42] <+codehead> looking like up... [11:42] <+szubaark> i paid price for being careless today.. got whacked for some big Stops at open [11:42] <+codehead> here we go [11:42] <+winmax60> Exited all ES Long @ 743.5 --> + 2.5 «« simulator »» [11:43] <+szubaark> nice [11:43] <+szubaark> 747 first brick Wall [11:47] <+szubaark> Exited all Long ES at 745.75 --> + 2.75 «« paper »» [11:52] <+codehead> that high... arg [11:52] <+codehead> for some time today, i had sell order at 748.25 [11:52] <+codehead> the only short order i've had in today [11:52] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @ viewforum.php?f=20 [11:52] <+codehead> prolly would have filled, cuz it was form early [11:52] <+codehead> the 760.25 low of the other night, to yesterday high, to today's low, bounce high leg same size at 748.25 [11:52] <+codehead> wave symmetry target [11:53] <+codehead> wednesday lod (made just after cash close, before ES close [11:53] <+codehead> thruday hod [11:53] <+codehead> firday lod [11:53] <+codehead> ab=cd at 748.25 [11:53] <+codehead> magic huh [12:00] <+szubaark> Buys ES @ 747.25 «« paper »» [12:10] <+szubaark> exit stop set ES @ 746 «« paper »» [12:10] <+szubaark> Exited all Long ES at 746 --> - 1.25 «« paper »» [12:11] <+szubaark> Shorts ES @ 746 «« paper »» [12:13] <+szubaark> taking break after this trade as im taking every signal trying to make up my prior losses [12:14] <+rickf> revenge trades? [12:15] <+szubaark> yes..even my good signals i still have to pick em because of so many fakeouts in ES [12:15] <+rickf> [12:16] <+szubaark> i got carelss at Open (had a Bearish bias because of bearish Overnight) well of course they frikin creep it up [12:17] <+rickf> dont force it ... if you're down and get downer, you'll get angrier and downer still [12:17] <+rickf> remember i've quit trading down BIG some days [12:17] <+szubaark> Friday are just tough because floor plays games due to lower volume, bastids [12:18] <+szubaark> i heard the floor monkeys make all their money for the week on Fridays [12:19] <+rickf> perhaps [12:19] <+rickf> key is to avoid getting angry and emotional [12:19] <+rickf> even when down [12:19] <+rickf> or up [12:20] <+szubaark> when im up im fine, i just dont like when im Down [12:20] <+rickf> i'm the other way [12:20] <+rickf> when i'm up i worry about when to exit if i am flying manual [12:20] <+rickf> when i'm down i can exit and feel okay to be out of abad trade [12:20] <+szubaark> some days market is just Textbook, its the days with Chop and whipsaw where i get killed [12:21] <+szubaark> actually, Gap days are my worst trading days.. i need to Stop trading them or wait for 3-4 hours IF something develops [12:22] <+rickf> i dont even look @ gaps fwiw saying [12:22] <+szubaark> because u dont know if the Gap is Right or its gonna get faded [12:23] <+szubaark> i just feel like i need to trade those gap days..I DONT HAVE TO [12:24] <+rickf> why do u feel that? and don't say "because it's there..." [12:24] <+szubaark> guess its a challange to see if i can trade as well on those days [12:25] <+szubaark> but i need to think about the bottom line [12:25] <+szubaark> Covered all Short ES at 747.25 --> - 1.25 «« paper »» [12:25] <+rickf> might want to forgo the challenge until you work on the emotional side first? otherwise ya take the challenge, get zonked, get peeved, get zonked again, and it never ends?? [12:26] <+rickf> just thinkin aloud - take it as you will, buddy [12:26] <+rickf> i sure dont have all the answers and make my own share of mistakes [12:26] <+szubaark> yes i agree... [12:27] <+szubaark> time for a break...this day is a TRAP and i walked right into it ) [12:27] * szubaark is now known as szubaark_away [12:32] <+rickf> back in a bit - lunch [12:50] <+winmax60> Long ES @ 744.25 -> small size «« simulator »» [12:56] <+winmax60> Exited all ES Long @ 744.5 --> + 0.25 «« simulator »» [12:56] <+winmax60> Shorts ES @ 744 -> small size «« simulator »» [12:59] <+winmax60> Covered all ES Short @ 745 --> - 1 «« simulator »» [13:01] <+winmax60> Long ES @ 747.25 -> small size «« simulator »» [13:02] <+winmax60> Exited all ES Long @ 748.75 --> + 1.5 «« simulator »» [13:15] <+rickf> bak [13:37] <+winmax60> Shorts ES @ 741.5 -> small size «« simulator »» [13:38] <+winmax60> Covered all ES Short @ 739.5 --> + 2 «« simulator »» [13:38] <+rickf> vn [13:56] * szubaark_away is now known as szubaark [13:58] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @ viewforum.php?f=20 [13:59] <+rickf> that drop down was i think because ge cut its dividend [14:03] <+szubaark> Buys ES @ 748.75 «« paper »» [14:06] <+szubaark> NQ green [14:07] <+rickf> i'm sure it's a momentary fluke [14:08] <+szubaark> ehh another fakeout [14:08] <+szubaark> tough to make money in this [14:08] <+szubaark> gonna give it some more room [14:09] <+rickf> 749 is a hard ceiling right now it seems [14:10] <+szubaark> they sold right into this spike..sneaky [14:10] <+szubaark> Exited all Long ES at 746.25 --> - 2.5 «« paper »» [14:10] <+szubaark> Shorts ES @ 746.25 «« paper »» [14:11] <+rickf> long es 746,25 [14:11] <+rickf> 1 ct [14:13] <+rickf> exit 47.25 +1 [14:14] <+szubaark> Bulls dont like convincing after we sold off after new high [14:14] <+rickf> my charts say trend is up but get says down [14:14] <+rickf> so i shall sit and wait [14:30] <+rickf> long es 742 1ct [14:33] <+rickf> out 42.25 +.25 [14:33] <+szubaark> Covered all Short ES at 742.50 --> + 3.75 «« paper »» [14:34] <+rickf> buy limit 738 1 ct [14:36] <+szubaark> Shorts ES @ 741 «« paper »» [14:39] <+codehead> long ES 740.50 Stop 739.75 <paper> [14:39] <+codehead> 740.25 is .500 [14:41] <+codehead> exit half +1.00 <paper> [14:41] <+codehead> maintain stop of remainder [14:43] <+codehead> exit 744.00 ES <paper> [14:43] <+codehead> +3.50 [14:45] <+rickf> cxl buy lmt 738 [14:49] <+codehead> ES retraces have been going .500 today szu [14:50] <+szubaark> Covered all Short ES at 745.25 --> - 4.25 «« paper »» [14:50] <+szubaark> Buys ES @ 745.25 «« paper »» [14:50] <+codehead> so tough shorting right in front of one [14:53] <+rickf> short es 744.50 1ct [14:54] <+szubaark> Im praying for a spike from hell in my direction so i can recup some of these losses [14:56] <+szubaark> lets see if they do anything after 3pm [14:58] <+szubaark> exit stop moved to breakeven ES @ 745.25 «« paper »» [14:58] <+szubaark> Exited all Long ES at 745.25 --> 0 «« paper »» [14:59] <+szubaark> what a way to start the weekend [15:00] <+rickf> [15:00] <+rickf> not even gonna ask [15:00] <+szubaark> Shorts ES @ 744 «« paper »» [15:01] <+rickf> exit es 742.50 +2 [15:01] <+szubaark> i had great week trading its just today i gave back 2-3 days of my Profits this week ((((( [15:02] <+rickf> and today's been one of the better days for me ina while. [15:02] <+rickf> yeesh [15:02] <+szubaark> well, i had 4 Stoputs in a row at open, its been downhill ever since..i lost control [15:03] <+szubaark> Covered all Short ES at 744 --> 0 «« paper »» [15:03] <+szubaark> damn i hope we go up, my IRA needs it [15:03] <+rickf> we all need it [15:04] <+rickf> am torked that 2 but orders on an equity came with in 1c and 10c of firing this week [15:04] <+rickf> market is teasing me [15:04] <drt> l ym 27 [15:04] <+szubaark> u know they gonna close the gaps above just dont know when bastids gonna do it [15:05] <+szubaark> Shorts ES @ 742 «« paper »» [15:08] <+szubaark> exit stop moved to breakeven ES @ 742 «« paper »» [15:11] <+drt> cl ym 90 [15:11] <+rickf> but limit 737 1 ct [15:11] <+rickf> filled [15:12] <+rickf> 80 points on the DJX from a 6-handle [15:12] <+rickf> if that happens i guarantee retail folks will panic [15:12] <+rickf> "take the 60% loss, at least I can save the remaining 40 -- but get me out now" [15:12] <+rickf> exit es 738.25 +1.25 [15:12] <+szubaark> Covered all Short ES at 738.25 --> + 3.75 «« paper »» [15:13] <+szubaark> "Everyone should have 401k"- Busch [15:14] <+szubaark> baby boomers are doomed..homeless shelters gonna be packed [15:14] <+rickf> grrr talk about an early exit ... knew that bouncd was gonna be there [15:14] <+rickf> yeah [15:14] <+rickf> 401k becomes 201k [15:16] <+rickf> fun dinner reding tonight - berkshire's annual letter :| [15:16] <+rickf> short es 737.50 1 ct [15:18] <+szubaark> Shorts ES @ 736.25 «« paper »» [15:19] <+rickf> exit 735.50 +2 [15:21] <+szubaark> Covered all Short ES at 736.25 --> 0 «« paper »» [15:22] <+szubaark> Shorts ES @ 734.75 «« paper »» [15:23] <+szubaark> ( [15:25] <+rickf> long es 738 1ct [15:25] <+szubaark> Covered all Short ES at 738.75 --> - 4 «« paper »» [15:25] <+szubaark> Buys ES @ 738.75 «« paper »» [15:25] <+szubaark> now Rocket 30+ points to upside would be nice [15:26] <+rickf> out 39 +1 [15:27] <+szubaark> last trade for me,im just REVENGE trading [15:28] <+rickf> i am done myself - did good trades today and not going to get greedily-stupid [15:29] <+szubaark> maybe if i didnt do 4 stupid trades at open i would do better, but its been REVENGE trading ever since and digging deeper hole [15:29] <+szubaark> + i got like $300 for broker food [15:30] <+rickf> (( [15:30] <+rickf> emotion gets ya every time [15:30] <+rickf> wish we were all mr spocks [15:30] <+szubaark> Exited all Long ES at 736.50 --> - 2.25 «« paper »» [15:30] <+szubaark> got hammered good today [15:33] <+rickf> sorry to see it [15:34] <+szubaark> watch them EXPLODE now [15:35] <+szubaark> yea my losing days are 2-4times my winning days.. thats what im working on [15:35] <+szubaark> 2-4times bigger [15:36] <+rickf> wow .. average C volume 227million, 1.5 billion moved today [15:36] <+rickf> gl szu ... still trying to refine my system too [15:36] <+szubaark> tight chop range days kill me [15:36] <+szubaark> as those days have a lot of FAKEOUTS and WHIPSAWS [15:37] <+szubaark> my signals that work on normal days get KILLED on Chop range days [15:37] <+szubaark> thats why this crap is an Art [15:37] <+szubaark> u got to know when to take your signals as well [15:37] <+rickf> i'm just learning a hard lesson: if it doesn't look AND feel right, or if my gut doesn't match this tape (as a reflection of reality) i won't trade it (usually) [15:38] <+rickf> plus good situational awareness [15:38] <+szubaark> thats why patterns,indicators dont mean CRAP [15:38] <+rickf> yep [15:38] <+rickf> in fact right now i am not even using cci anymore [15:38] <+szubaark> thats the EDGE everyone talks about..is knowing when to hold em when to fold em LOOOOL [15:39] <+rickf> REALLY trying to focus on the candles and action, not the lag from indicators [15:39] <+rickf> hehehe yeah [15:40] <+rickf> and also anticipate - using more preset buy/sell points than before [15:40] * +rickf set a buy limit/sell limit ... if things change, cancel it and reassess [15:40] <+rickf> no chasing [15:40] <+rickf> i admit that's really helped me out [15:41] <+szubaark> most days preset S/R areas will Hold, but some days it will slice right thru them [15:41] <+szubaark> im done..see you [15:41] * szubaark is now known as szubaark_away [15:41] <+rickf> cya [15:45] <+rickf> ok done for day - have a good weekend, see you next week [16:04] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @ viewforum.php?f=20 Session Close: Fri Feb 27 17:39:53 2009 |
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