Session Start: Tue Feb 03 09:29:00 2009
Session Ident: #futurestrades
[09:29] * Now talking in #futurestrades
[09:29] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:30] <kosmipt>
[09:31] <jbuch> good morning everyone
[09:31] <werner>
jbuch
[09:32] <drt>
[09:32] <+jbuch> morning werner
[09:35] <kosmipt> Shorts ES @ 825.50 «« simulator »»
[09:37] <szubaark> Shorts ES @ 823.75 «« paper »»
[09:37] <+kosmipt> let's hope for gap fill
[09:37] <+werner> nq gap fill here
[09:38] <+szubaark> Covered all Short ES at 822.75 --> + 1 «« paper »»
[09:38] <+jbuch> damn nq is moving
[09:38] <+werner> lol
[09:39] <+szubaark> hehe
[09:39] <+kosmipt> gotta go, target 821.50, stop 824.75
[09:41] <+kosmipt> Covered all ES Short @ 821.50 --> + 4 «« simulator »»
[09:41] <+szubaark> nice
[09:41] <+kosmipt> thx, now i gotta go
[09:41] <+werner> vn
[09:44] <@NihabaAshi> Shorts ES @ 822.75 -> small size
[09:44] <@NihabaAshi> 3 only
[09:46] <@NihabaAshi> Covered all ES Short @ 819.75 --> + 3
[09:51] <pat255>
guys
[09:51] <+werner>
pat
[09:51] <+pat255> werner
[09:52] <+jbuch>
pat
[09:52] <+werner> maybe littel sup nq here
[09:52] <+jbuch> szu u still in
[09:52] <+pat255> hi jbuch
[09:52] <+szubaark> out
[09:55] <+jbuch> Long SPY @ 82.41
[09:58] <+jbuch> Exited all SPY Long @ 82.5 --> + 0.09
[10:00] <+jbuch> wow
[10:05] <+werner> Long NQ @ 1182.50
[10:05] <+werner> Exited all NQ Long @ 1186.00 --> + 3.5
[10:06] <+szubaark> good werner
[10:06] <+werner> tx szu
[10:08] <+werner> Shorts NQ @ 1189.00
[10:09] <+werner> Covered all NQ Short @ 1187.50 --> + 1.5
[10:19] <+szubaark> Shorts ES @ 821 «« paper »»
[10:19] <+szubaark> Covered all Short ES at 820 --> + 1 «« paper »»
[10:21] <+werner> Shorts NQ @ 1184.50
[10:22] <+werner> Covered all NQ Short @ 1183.50 --> + 1
[10:23] <@NihabaAshi> Long ES @ 820.00 -> small size
[10:23] <@NihabaAshi> 3 only
[10:24] <+pat255> jerky & long bars ...geez
[10:25] <@NihabaAshi> Looks like the market trying hard to shake me out of a great entry
[10:27] <+szubaark> tricky area here
[10:27] <+werner> yep
[10:28] <+werner> nq he
[10:29] <@NihabaAshi> Exited all ES Long @ 822.25 --> + 2.25
[10:29] <+pat255> vn
[10:29] <+szubaark> Nice wrbtrader, that entry was great after all.
[10:33] <+szubaark> Contracting Volatility with short lived Volatility Bursts here and there
[10:35] <+szubaark> Buys ES @ 823.50 «« paper »»
[10:35] <+szubaark> Volatility increasing
[10:37] <+szubaark> Exited all Long ES at 823.50 --> 0 «« paper »»
[10:40] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20[10:45] <+szubaark> Buys ES @ 826.75 «« paper »»
[10:45] * codehead_afk is now known as codehead
[10:45] <+szubaark> chasing
[10:46] <+szubaark> Volatility increasing
[10:51] <+szubaark> need 1 more tick
[10:52] <+werner> 1200 key level nq i think
[10:56] <+jbuch> Shorts NQ @ 1194.75
[10:58] <+jbuch> Covered all NQ Short @ 1193.75 --> + 1
[11:00] <+jbuch> obama talking
[11:01] <+werner> tx
[11:06] <+szubaark> Expecting Volatility spike soon, either Up or Down
[11:08] <+szubaark> Exited all Long ES at 828.75 --> + 2 «« paper »»
[11:08] <+szubaark> this was a chaser, caused me to sit thru small retrace..time for a Break
[11:08] * szubaark is now known as szubaark_away
[11:08] <+jbuch> my TS equities account is not working
[11:09] <+szubaark_away> huh?
[11:11] <+codehead> ES 833.00 is .382
[11:11] <+codehead> 120 min chart
[11:12] <+werner> take a break ...
[11:24] <+codehead> short ES 829.00 small <paper>
[11:25] <+codehead> exit half ES +1.00 <paper>
[11:26] <+codehead> exit remainder +1.50 <paper>
[11:29] <+jbuch> I screwed up and transfered money out of my equities account yesterday instead of my futures account and put it below the $25,000 min.
[11:30] <+jbuch> dumb ass
[11:30] <+werner>
[11:31] <szubaark>
[11:31] <+werner> are you going to trade futures?
[11:32] <+szubaark> Shorts ES @ 826.50 «« paper »»
[11:33] <+jbuch> It"s wierd because I have ben recieving notices from TS that they are sorry for the problems with the equities platform and they are working on resolving yada yada so I figured that was the problem.
[11:35] <+jbuch> Probably for today werner until the transfer from futures to equities gets processed
[11:36] <+szubaark> Covered all Short ES at 826 --> + 0.5 «« paper »»
[11:36] * szubaark is now known as szubaark_away
[11:38] <Sidhartha> Shorts ES @ 825.25 «« simulator »»
[11:40] <+Sidhartha> Covered all ES Short @ 825 --> + 0.25 «« simulator »»
[11:42] <+jbuch> breakfast time BBL
[11:56] <winmax60> Shorts ES @ 825.5 -> small size «« simulator »»
Session Close: Tue Feb 03 11:56:44 2009
Session Start: Tue Feb 03 11:56:44 2009
Session Ident: #futurestrades
[11:56] * Disconnected
[11:58] * Attempting to rejoin channel #futurestrades
[11:59] * Rejoined channel #futurestrades
[11:59] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[12:02] <rickf> gday
[12:03] <+rickf> short es 823,75
[12:06] <+szubaark_away> hi rick,welcome baaackkk
[12:06] <+rickf> hiya
[12:07] <+rickf> out 23.75 b/e
[12:25] <+rickf> setting up a creep downtrend
[12:43] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20[12:50] <+kosmipt> looks like everybody's trading well today
[12:50] <+szubaark_away> today a lot better movement then yersturday
[12:51] * +rickf saw some nice moves yesterday - too bad i wasnt trading it
[12:51] <+szubaark_away> i got caught at the open then i knew it was gonna be a LONG day
[12:52] <+kosmipt> ES relatively calm today
[12:53] <+szubaark_away> yup better smoother Ranges on NQ
[12:55] <+rickf> i'll be dabbling in some fx this week
[13:02] <+codehead> ES 815.25 is first long
[13:14] <+kosmipt> Shorts ES @ 823 «« simulator »»
[13:14] <+kosmipt> very risky in this chop
[13:15] <+szubaark_away> yes
[13:16] <+szubaark_away> im scared to trade these middle ranges, been burned so many times
[13:16] <+szubaark_away> great setup can turn into BAD setup in no time
[13:23] <+kosmipt> Covered all ES Short @ 824.25 --> - 1.25 «« simulator »»
[13:32] <winmax60> Long ES @ 823.5 -> small size «« simulator »»
[13:35] <+winmax60> Exited all ES Long @ 824.5 --> + 1 «« simulator »»
[13:37] <+szubaark_away> Buys ES @ 826.50 «« paper »»
[13:40] <+szubaark_away> Volatility Increasing
[13:40] * szubaark_away is now known as szubaark
[13:42] <pdays> Shorts ES @ 826.75
[13:42] <+pdays> Covered all ES Short @ 826.25 --> + 0.5
[13:44] <+werner> back
[13:45] <+rickf> long es 826
[13:46] <+rickf> out 826.25 +.25
[13:48] <+szubaark> Exited all Long ES at 825.50 --> - 1 «« paper »»
[13:48] <+szubaark> Shorts ES @ 824.25 «« paper »»
[13:49] <+werner> Shorts NQ @ 1195.50
[13:50] <+werner> Covered all NQ Short @ 1194.50 --> + 1
[13:51] <+szubaark> Volatility Increasing to downside
[13:51] <+codehead> long ES 823.25 <paper>
[13:52] <+codehead> stop 821.00 <paper>
[13:53] <+szubaark> exit stop moved to breakeven ES @ 824.25 «« paper »»
[13:56] <+szubaark> Covered all Short ES at 824.25 --> 0 «« paper »»
[13:56] <+szubaark>
[13:56] <+szubaark> CHOP TIME
[13:56] <+kosmipt> chop churn burn kill yourself
[13:56] <+codehead> exit half ES +1.75 <paper>
[13:57] <+codehead> raise stop remainder 823.75 <paper>
[13:57] <+codehead> raise stop 824.75 <paper>
[13:57] <+werner> Shorts NQ @ 1196.00
[13:58] <+codehead> stop 823.75 <paper>
[14:00] <+werner> Covered all NQ Short @ 1196.00 --> 0
[14:01] <+codehead> raise sotp 824.75 <paper>
[14:01] <+szubaark> Buys ES @ 826.25 «« paper »»
[14:01] <+szubaark> 2pm..lets see if Volatility shows up
[14:02] <+jbuch> back
[14:03] <+codehead> exit remainder ES +2.50 <paper>
[14:04] <+szubaark> Exited all Long ES at 824.50 --> - 1.75 «« paper »»
[14:04] <+szubaark> Shorts ES @ 824.50 «« paper »»
[14:04] <+werner> wait and see here
[14:05] <+kosmipt> too much chop
[14:05] <+werner> yep
[14:05] <+szubaark> yup, got whacked 2 Stops already
((
[14:06] <+szubaark> Covered all Short ES at 826.50 --> - 2 «« paper »»
[14:06] <+szubaark>
(
[14:06] <+szubaark> Buys ES @ 826.50 «« paper »»
[14:07] <+szubaark> crap..gave lot of morning profits back just now
(((
[14:07] <+kosmipt> Shorts ES @ 827.25 «« simulator »»
[14:09] <+werner> Long NQ @ 1199.75
[14:09] <+szubaark> Greedy Profit Targets
[14:09] <+kosmipt> Covered all ES Short @ 828.25 --> - 1 «« simulator »»
[14:11] <+kosmipt> ES explodes
[14:11] <+kosmipt> omg
[14:11] <+kosmipt> out of nowhere
[14:12] <+szubaark> well, the setup was there i tried to catch it 3 times.. 3rd time was the charm
[14:12] <+kosmipt> stay long szu
[14:12] <+werner> Exited all NQ Long @ 1204.75 --> + 5
[14:12] <+kosmipt> Long ES @ 829.75 «« simulator »»
[14:13] <+jbuch> nice werner
[14:13] <+szubaark> yup..nice werner
[14:13] <+werner> pfff tx
[14:13] <+szubaark> we broke out of 2 hours+ Consolidation, should run for a few points
[14:13] <+werner> always difficult to hold a winner here
[14:14] <+werner> to stay in the trade a mean
[14:14] <+szubaark> yes,GREED and FEAR come in
[14:14] <+werner>
[14:14] <+kosmipt> greed is GOOD
[14:15] <+szubaark> Cold calculated GREED is good
)
[14:15] <+kosmipt> cmon, one more push
[14:16] <+szubaark> yes..one more Volatility spike
[14:17] <+jbuch> Long ES @ 832
[14:18] <+szubaark> Exited all Long ES at 832.50 --> + 6 «« paper »»
[14:18] <+kosmipt> could be a 10 pointer for you szu
[14:18] <+werner> nq above 1200
[14:18] <+szubaark> got that Volatility spike i was looking for
[14:18] <+werner> maybe its a solid break
[14:18] <+jbuch> Exited all ES Long @ 832 --> 0
[14:19] <+szubaark> not before a pullback
[14:19] <+werner> indd
[14:19] <+szubaark> i dont feel like sitting thru a retrace right now
[14:20] <+werner> but volume shows up a littel
[14:20] <+werner> we wil see ...its price thats pays
[14:22] <+werner> late call but nice szu +6
[14:22] <+rickf> vn
[14:23] <+werner> late call by me he szu
[14:23] <+jbuch> Long ES @ 831.25
[14:24] <+werner> Long NQ @ 1205.25
[14:26] <+werner> Exited all NQ Long @ 1206.25 --> + 1
[14:26] <+werner> cant hold it at these levels
[14:28] <+werner> take a break
[14:28] <+jbuch> Exited all ES Long @ 831.5 --> + 0.25
[14:29] <+jbuch>
looked so pretty
[14:29] * NihabaAshi_away is now known as NihabaAshi
[14:30] <+kosmipt> aaghrh
[14:30] <+codehead> ES got within a tick of .382
[14:30] <+kosmipt> Exited all ES Long @ 831 --> + 1.25 «« simulator »»
[14:32] <+jbuch> Long ES @ 831.25
[14:33] <+jbuch> dumb impulse buy
[14:33] <+jbuch> Exited all ES Long @ 830 75 --> + 830 75 - 831.25
[14:36] <+winmax60> Long ES @ 832.75 -> small size «« simulator »»
[14:37] <+werner> Long NQ @ 1207.75
[14:39] <+rickf> ok out for a while - conf call starting up ::(
[14:41] <+werner> Exited all NQ Long @ 1209..25 --> + 1209..25 - 1207.75
[14:41] <+werner> Exited all NQ Long @ 1209.25 --> + 1.5
[14:42] <+winmax60> Exited all ES Long @ 833.75 --> + 1 «« simulator »»
[14:46] <+kosmipt> slowly creeping up, but i don't sense too much short panic
[14:46] <+kosmipt> it's like they're 100% sure we'll go down eventually
[14:46] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20[14:48] <+werner> its indd not a short squeeze
[14:51] <+kosmipt> mentally i'm ready to short the hell out of this mkt if it shows some weakness
[14:51] <+werner> wow
[14:55] <jbuch> disconnected
[14:55] <+werner>
[14:55] <+kosmipt> Shorts ES @ 831.75 «« simulator »»
[14:55] <+jbuch> somebodies trying to tell me something I think
[14:55] <+kosmipt> first try to pick a top
[14:57] <+szubaark> Volatility has been Low since the 2:10 Breakout
[15:01] <+jbuch> Long ES @ 832.75
[15:04] <+jbuch> Exited all ES Long @ 831.75 --> - 1
[15:07] <+kosmipt> Covered all ES Short @ 831.75 --> 0 «« simulator »»
[15:07] <+winmax60> Long ES @ 832.25 -> small size «« simulator »»
[15:08] <+jbuch> Long ES @ 832.75
[15:08] <+codehead> ES hod is exactly the .382 on regular session (876.
[15:08] <+codehead> 00 high to 809.25 low
[15:09] <+winmax60> Exited all ES Long @ 834 --> + 1.75 «« simulator »»
[15:10] <+kosmipt> szu r u still long?
[15:10] <+szubaark> [14:18] > Exited all Long ES at 832.50 --> + 6 «« paper »»
[15:11] <+jbuch> Exited all ES Long @ 836.5 --> + 3.75
[15:12] <+werner> vn
[15:12] <+kosmipt> i was expecting this move immediately after 1st pullback
[15:13] <+jbuch> thnks
[15:13] <+jbuch> hard for me to let anything run with 1 contract
[15:14] <+kosmipt> i had the same problem when i was trading cash
[15:14] <+kosmipt> i was trying to catch a runner on every trade and moved stop to b/e asap
[15:14] <+kosmipt> of course getting stopped out for b/e 80% of the time
[15:14] <+szubaark> catching runners aint gonna happen in ES very often
[15:15] <+kosmipt> thats true szu
[15:15] <+szubaark> I would rather work on increasing Size then catching runners
[15:15] <+jbuch> I will let it go against me to my stop but want to grab a profit as soon as I have it
[15:16] <+szubaark> only time you'll catch runners is when Vix increases, which happens 1-2 months out of the year
[15:16] <+szubaark> Oc-Nov this year was killer for runners..10-20 Pointers left and right
[15:17] <+jbuch> I consider a runner 5 to 10 points which happens most days
[15:21] <+jbuch> for ex szu I think that you bought that earlier breakout at 826 (beauty by the way) if you had moved your stop below the first retracement you would still be in. I know easy to say hard to do
[15:22] <+szubaark> jb, yes what IF it was a FAILED breakout? ES LOVES failed breakouts
[15:22] <+jbuch> then you would take a smaller profit
[15:23] <+szubaark> Most trading days are like today.. Grinding out 2-3 Points all day
[15:23] <+szubaark> of course in books and magazines they all show nice trend/range days with smooth movement
[15:25] <+jbuch> I am not saying it is the way it should be done but I want to get the point where I let a portion of my position run until the markets gives me a reversal or stops me out
[15:26] <+rickf> i tested a method of running (say) 10 contracts, taking 8 off at 2.25 pts and then let the rest run for a discresionary exit ... worked well enough on paper, of course .... but not in this market of the present day
[15:26] <+rickf> last summer/fall it was great
[15:26] <+jbuch> backtesting of my historical buys and sells shows that this would be more profitable
[15:27] <+szubaark> yes rick.. this market changes its character every month and one needs to adjust on a dime, which is why most cant make it
[15:28] <+szubaark> Entries/Stops/Exits and Psychology has to be adjusted based on current market environment
[15:29] <+jbuch> markets are not static but the same moves happen over and over
[15:31] <+werner> indd jbuch
[15:34] <+werner> its only price action that pays
[15:35] <+szubaark> PA is the Boss
[15:35] <+jbuch> the stops will change the size of the moves will change but it is the same setups over the long haul
[15:40] <+werner> Shorts NQ @ 1214.00
[15:41] <drt> l ym 35
[15:41] <+rickf> short es 836
[15:42] <+werner> Covered all NQ Short @ 1213.00 --> + 1
[15:42] <+jbuch> Shorts ES @ 835.25
[15:43] <+rickf> exit 834.50 +1.5
[15:43] <+werner>
[15:43] <+rickf> fin
[15:43] <+werner> done here
[15:44] <+werner> good night ....see you all tomorrow
[15:44] <+rickf> cya
[15:44] <+drt> stp l ym 10
[15:46] <+jbuch> Covered all ES Short @ 834.75 --> + 0.5
[15:46] <+jbuch> Long ES @ 835.75
[15:47] <+jbuch> Exited all ES Long @ 835.25 --> - 0.5
[15:47] <+codehead> came back to retest the .382 b/o
[15:47] <+codehead> anyway, we're destined for higher, untill 806.50 breaks
[15:48] <+codehead> (negates)
[15:48] <+codehead> 841.25 minimum needs to be hit
[15:48] <+jbuch> Long ES @ 836
[15:52] <+jbuch> Exited all ES Long @ 837 --> + 1
[15:53] <+drt> s ym 40
[15:56] <+jbuch> Shorts ES @ 836.5
[15:57] <+jbuch> Covered all ES Short @ 836.75 --> - 0.25
[15:57] <+jbuch> oops that was a long
[15:58] <+rickf> ok out for the day - hope to be back trading more actively tomorrow
[15:58] <+rickf> cya
[15:58] <+drt> cs ym 30
[16:00] <+jbuch> Shorts ES @ 834.75
[16:00] <+jbuch> Covered all ES Short @ 833.75 --> + 1
[16:01] <+jbuch> wimped out
[16:52] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20[17:56] <+szubaark> jb send u PM
[18:55] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20Session Close: Tue Feb 03 19:15:02 2009
