Session Start: Fri Feb 06 09:30:03 2009
Session Ident: #futurestrades
[09:30] * Now talking in #futurestrades
[09:30] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:30] <kosmipt1>
[09:30] <pat255>
all
[09:30] <drt>
all
[09:32] <rickf> mg
[09:35] <szubaark> Buys ES @ 847.75 «« paper »»
[09:36] <+szubaark> Exited all Long ES at 848.75 --> + 1 «« paper »»
[09:36] <+rickf> what happeneD?
[09:37] <+szubaark> Broke 850 level HUGE Resistance
[09:37] <+pat255> news?
[09:37] <+kosmipt1> probably rumors on bailouts
[09:37] <+szubaark> Technical
[09:37] <+rickf> no on the trade - 1 point? just hit 854, was that an accidental exit
[09:37] <+rickf> short 854.50
[09:38] <+szubaark> well, u dont know if its gonna go to 854+ or Retrace after 1-2 Points, so to be safe i just want my =1
[09:38] <+szubaark> +1
[09:40] <+rickf> out 854 +.50
[09:41] <+rickf>
[09:41] <jbuch> what a crazy open
[09:42] <+rickf> weird reaction to the horrid job report too
[09:42] <+szubaark> Ive noticed this week, we had Strong Openings then Killer CHOP rest of day
[09:42] <+kosmipt1> exactly szu
[09:43] <+jbuch> not what I expected thats for sure
[09:43] <+jbuch> ya probably
[09:43] <+szubaark> like now 15 minutes and we are already at +15 Points Range.. ES Daily Range is 20-30 AVERAGE
[09:44] <@NihabaAshi> FYI - I'm not trading today...I'm leaving @ 1030am est with the family to do some winter fun activities. Take care, have a good weekend and see all on Monday.
[09:44] * NihabaAshi is now known as NihabaAshi_away
[09:44] * Looking up Risk user info...
[09:45] <+rickf> short es 855
[09:45] <+pat255> k later n have fun
[09:46] <+szubaark> its pretty amazing to see ES at +15 at the open gate
[09:47] <+rickf> out 56 -1
[09:51] <+rickf> short es 56.25
[09:51] <+rickf> 1 ct
[09:52] * Risk is now known as TradeG
[09:53] <+rickf> out 55.25 +1
[09:55] -X- Ban for *!*@CPE0040058a2842-CM0011ae8d6810.cpe.net.cable.rogers.com removed in channel #VolatilityTradingTSL
[10:04] * codehead_afk is now known as codehead
[10:24] <+kosmipt1> Long ES @ 854.50 «« simulator »»
[10:26] <+kosmipt1> Exited all ES Long @ 855.50 --> + 1 «« simulator »»
[10:28] <jbuch> Shorts ES @ 854.75
[10:29] <+jbuch> Covered all ES Short @ 855 --> - 0.25
[10:30] <+rickf> long es 856
[10:31] <+szubaark> these Consolidation Zones are tough to time
[10:35] <+rickf> exit 57.25 +1.25
[10:35] <+szubaark> nice
[10:35] <+rickf>
[10:35] <+codehead> short ES 856.50 <paper>
[10:36] <+jbuch> nice patience
[10:36] <+rickf> thx - almost bailed that one at b/e a few time when it didnt move
[10:37] <+jbuch> I bet
[10:37] <+rickf> still looking long but wasnt going to be greedy
[10:38] <+szubaark> in these low Volatility markets patience is so important as patterns take forever to develop
[10:38] <+jbuch> Shorts ES @ 856.75
[10:38] <+rickf> yepper and not chase.... i'm happy to miss a trade waiting until what i see matches what my gut tells me
[10:41] <+jbuch> Covered all ES Short @ 855 --> + 1.75
[10:41] <+szubaark> good timing..geez u guys making money even in these ranges
[10:42] <+codehead> exit half ES +2.00 <paper>
[10:42] <+jbuch> TARGET WAS 854 but don't trust long or short
[10:42] <+codehead> stop on remainder 855.50 <paper>
[10:43] <+rickf> possible short trend developing
[10:43] <+rickf> vn
[10:43] <+codehead> stopped on remainder ES +1.00
[10:43] <+jbuch> maybe a wedge though
[10:44] <+rickf> lol thought you said 'wedgie' for a second there
[10:44] <+rickf> need more coffee
[10:44] <+jbuch> good idea
[10:47] <+codehead> short ES 857.25 1c only <paper>
[10:48] <+codehead> 3 point stop
[10:48] <+codehead> have upside targets 861.25, 864.25
[10:52] <+rickf> 'sup werner
[10:53] <werner> hi ricf ,all
[10:54] <+werner> do you mean sup here rckf?
[10:54] <+rickf> sorry... what'S UP
[10:54] <+jbuch> lol
[10:55] <+werner> ok
[10:56] <+rickf>
[10:58] <+codehead> exit ES 1c flat <paper>
[10:58] <+codehead> have a target at 860.00 tho, it's a minor one compared to 861.25
[10:59] <+codehead> *possible* a double top is in for the moment, but upside targets still there
[11:00] <+jbuch> Long ES @ 857.75
[11:01] <+codehead> lotta sllers protecting 860 for now
[11:01] <+codehead> but... we were fairlyt oversold for being up this high
[11:01] <+jbuch> Exited all ES Long @ 858.25 --> + 0.5
[11:04] <+codehead> short ES 858.50 2c <paper>
[11:04] <+codehead> stop 860.25
[11:06] <+codehead> stopped out -1.75 ES 2c <paper>
[11:07] <+codehead> k, the 861.25 target hit after all
[11:07] <+jbuch>
knew I should have kept that last trade
[11:08] <+codehead> short 1c ES 860.50 <paper>
Session Close: Fri Feb 06 11:08:46 2009
Session Start: Fri Feb 06 11:08:46 2009
Session Ident: #futurestrades
[11:08] * Disconnected
[11:10] * Attempting to rejoin channel #futurestrades
[11:10] * Rejoined channel #futurestrades
[11:10] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[11:12] <winmax60> Long NQ @ 1267.25 -> small size «« simulator »»
[11:12] <+codehead> if ES gets thru 861.25, it's going to 864.25 likely (at some point--doesn't mean in a straight shot)
[11:15] * +rickf agreed - trend is still up
[11:15] <+winmax60> Exited all NQ Long @ 1269 --> + 1.75 «« simulator »»
[11:15] <+codehead> stopped -1.25 ES 1c <paper>
[11:17] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20[11:17] <+rickf> hrm might not happen
[11:20] <+codehead> might get a little pb...
[11:24] <pdays> Shorts ES @ 861.75
[11:25] <+pdays> Covered 1/2 ES Short @ 861.25 --> + 0.5
[11:30] <+jbuch> Long ES @ 859.5
[11:32] <+jbuch> Exited all ES Long @ 860.25 --> + 0.75
[11:33] <+rickf> long es 859.75
[11:33] <+jbuch> Long ES @ 860
[11:34] <+jbuch> Exited all ES Long @ 859.75 --> - 0.25
[11:35] <+winmax60> Shorts NQ @ 1267.75 -> small size «« simulator »»
[11:36] <+rickf> out 860 +.25
[11:36] <+rickf>
[11:36] <+jbuch> Long ES @ 859.75
[11:37] <+pdays> Covered Remainder ES Short @ 860.5 --> + 1.25
[11:37] <+rickf> still looking long but dont like this chop
[11:37] <+rickf> too close to support - gut tells me it may breakdown
[11:37] <+jbuch> Exited all ES Long @ 860 --> + 0.25
[11:38] <+rickf> after the runup this morning
[11:39] <+jbuch> Long ES @ 859.5
[11:40] <+rickf> short es 860
[11:41] <+winmax60> Covered all NQ Short @ 1266.25 --> + 1.5 «« simulator »»
[11:41] <+jbuch> Exited all ES Long @ 859.5 --> 0
[11:42] <+rickf> out 860 b/e
[11:42] <+rickf> grr
[11:42] <+jbuch> Long ES @ 860
[11:43] <+winmax60> oops...mistake...short entry was @ 1265.75 out @ 1266.25 --> -0.5
[11:46] <+jbuch> Exited all ES Long @ 861 --> + 1
[11:48] <+jbuch> Long ES @ 861
[11:49] <+jbuch> Exited all ES Long @ 860.75 --> - 0.25
[11:50] <+jbuch> Shorts ES @ 860
[11:52] <+jbuch> Covered ES Short @ 860.5 --> - 0.5
[11:52] <+jbuch> Reverse and Enter Long ES @ 860.5
[11:53] <+jbuch> Exited all ES Long @ 860.25 --> - 0.25
[11:58] <Sidhartha> Shorts ES @ 861.25 «« simulator »»
[11:59] <+rickf> ok back in a bit
[11:59] <+jbuch> Shorts ES @ 860.75
[12:00] <+jbuch> ooops hasn't hit yet
[12:01] <+jbuch> here we go
[12:02] <+jbuch> Covered all ES Short @ 860 --> + 0.75
[12:03] <+jbuch> psych
[12:06] <+jbuch> Shorts ES @ 860
[12:08] <+jbuch> Covered all ES Short @ 860 --> 0
[12:12] <+jbuch> Shorts ES @ 86o
[12:14] <+jbuch> Covered all ES Short @ 858.25 --> + 86o - 858.25
[12:17] <+jbuch> Shorts ES @ 857;75
[12:18] <+jbuch> Covered all ES Short @ 857.75 --> + 857;75 - 857.75
[12:20] <+jbuch> dang in these last 2 trades I am down 1600 points
[12:21] <+jbuch> way to hang in there sid
[12:23] <+szubaark> so far this is repeat of yersturday
[12:23] <+Sidhartha> Covered Remainder ES Short @ 858.75 --> + 2.5 «« simulator »»
[12:23] <+jbuch> nice
[12:25] <Flow> Hi All...Short ES @ 860.00
[12:25] <+jbuch> hey flow
[12:27] <+jbuch> Long ES @ 859.25
[12:29] <+jbuch> Exited all ES Long @ 858.75 --> - 0.5
[12:30] <+szubaark> im not going to fall for this trap again and trade this consolidation here
[12:30] <+szubaark> Even "good" setups turn into bad setups
[12:34] <+jbuch> Long ES @ 859.25
[12:35] <+szubaark> if we break 862 then 875+ next
[12:37] <+szubaark> nice jb u getting little Volatility spike
[12:37] <+jbuch> Exited all ES Long @ 861.75 --> + 2.5
[12:38] <+jbuch> even a blind pig will find a couple of acorns
[12:40] <+jbuch> Long ES @ 861.25
[12:41] <+szubaark> Buys ES @ 861.75 «« paper »»
[12:41] <+Flow> Exit All short ES @ 861.50 -1.5
[12:41] <+jbuch> Exited all ES Long @ 861.25 --> 0
[12:49] <+jbuch> Shorts ES @ 859.75
[12:50] <+jbuch> Covered all ES Short @ 860 --> - 0.25
[12:52] <+szubaark> the longer we spend here at high the better breakout
[12:53] <+jbuch> Shorts ES @ 859.75
[12:55] <+jbuch> Covered all ES Short @ 859.75 --> 0
[12:55] <+szubaark> jb u trading real? i dont see paper next to post
[12:56] <+jbuch> ya been live 2 weeks now
[13:02] <+jbuch> Shorts ES @ 860.25
[13:03] <+szubaark> Im mega bullish today, hard for me to go Short
[13:04] <+codehead> yeah, first good short is 869
[13:04] <+codehead> that is, target 864 area needs to be taken out
[13:05] <+codehead> but 869 is first good short, except short term trades
[13:05] <+codehead> just going by charts, bigger picture of course
[13:05] <+jbuch> Covered all ES Short @ 860,5 --> + 860.25 - 860,5
[13:07] <+jbuch> you still in szu
[13:07] <+szubaark> yes
[13:08] <+jbuch> nice
[13:09] <+szubaark> i think 875 Possible today, this bull is strong
[13:10] <+szubaark> well, i wont be Shorting thats for sure
[13:12] <+codehead> k, 864 hit
[13:12] <+codehead> that was a target
[13:15] <+szubaark> Tightening Stop
[13:16] <+winmax60> Long NQ @ 1273.75 -> small size «« simulator »»
[13:16] <+winmax60> Exited all NQ Long @ 1275.50 --> + 1.75 «« simulator »»
[13:18] <+rickf> bak
[13:20] <+jbuch> in retrospect those last couple of shorts were stupid opposing tails out side bodies and false breakouts all signal chop to me and we had all of those conditions for the last 15 minutes. .
[13:20] <+winmax60> Long NQ @ 1276 -> small size «« simulator »»
[13:20] <+szubaark> Exited all Long ES at 866.50 --> + 4.75 «« paper »»
[13:20] <+rickf> vvvvvn
[13:20] <+winmax60> Exited all NQ Long @ 1277 --> + 1 «« simulator »»
[13:20] <+szubaark> thanx..Patience paid off for me today
[13:21] <+jbuch> nice szu
[13:21] <+szubaark> I AVOIDED that Consolidation zone (Discipline test)
[13:21] <+codehead> nice comeback on crude
[13:23] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20[13:23] <+codehead> short ES 866.25 1c only <paper>
[13:24] <+jbuch> been looking to buy uso as a long term trade for a while
[13:25] <+codehead> it got within cents of the all time low (extended hours) pre market
[13:25] <+codehead> i trade it sometimes--my lowest entry was 12 cents from all time low
[13:25] <+jbuch> sweet
[13:26] <+codehead> testing some autotrading stategies today--just sample strategies, not mine
[13:26] <+codehead> don't know if they'll fire, just got them onlin half hour ago
[13:26] <+codehead> JBookTrader
[13:27] <+jbuch> I held for almost two years had great profits but gave back 1/2 of them when it turned south
[13:27] <+codehead> ah
[13:27] <+codehead> that was a wild ride
[13:27] <+codehead> USO only down a nickel now
[13:27] <+jbuch> What wa syour
codehead
[13:27] <+codehead>
[13:29] <+jbuch> ohh nevermind I saw JB and thought you were talking to me
[13:30] <+codehead> ah
[13:30] <+jbuch> what is JBooktrader
[13:30] <+codehead> it's a java open-source platform for autotrading, via IB
[13:31] <+jbuch> hmm
[13:31] <+codehead> you have to write the strategies in java, not for non-programmers
[13:34] <+jbuch> right on
[13:35] <+codehead> 868.50, gettign pretty close to 869-870 final target
[13:37] <+szubaark> no Sellers in sight
[13:37] <+codehead> add 1c short ES 868.00 <paper>
[13:39] <+jbuch> I don't look at it intraday but in retrospect a long position would have been a great trade in USO since the indexes gapped up and USO gapped down.
[13:41] <+szubaark> Im Long USO from 35
[13:41] <+szubaark> its a Long Term trade
[13:44] <+jbuch> I think uso is forming a base the vol is high but that may be because it is a relatively new product
[13:45] <+szubaark> QM +1 now strong comeback
[13:57] <+szubaark> yea Crude had a nice breakout
[14:01] <+rickf> they're baaaack
[14:01] <+rickf> lunchtime over in chicago
[14:01] <+rickf>
[14:01] <+szubaark> hehe
[14:01] <+kosmipt1> Long ES @ 866.25 «« simulator »»
[14:01] <+szubaark> ]watchdemboyzwerk
[14:02] <+jbuch> lol
[14:05] <+codehead> cover from 866.25 at 865.00 +1.25 <paper>
[14:05] <+codehead> holding 1c from 868.00 <paper>
[14:05] <+rickf> long es 865.50
[14:06] <+codehead> stop 866.00 remainder <paper>
[14:07] <+codehead> exit ES +3.50 <paper>
[14:08] <+codehead> i did go short for real 867.25, took a dam long time to drop, took 5 ticks cuz it just wore me out, though i was never down more than 2-3 ticks
[14:08] <+codehead> patience is tough
[14:11] <+jbuch> ya I get so worked up when in a position wears me out
[14:11] <+jbuch> I was exhausted after wensday
[14:11] <+rickf> out 65.50 b/e
[14:14] <+kosmipt1> Exited all ES Long @ 865.75 --> - 0.5 «« simulator »»
[14:16] <+werner> Shorts NQ @ 1276.00
[14:16] <+codehead> aapl 99.95 hit
[14:16] <+rickf> when it hits 100 sell
[14:16] <+rickf> lol
[14:17] <+codehead> ya, seeing if it gets capped
[14:18] <+codehead> you can pretty much watch aapl and see how the market is doing--if anyone is going to spend big bucks in this economy on a stock, you'd want one with no debt, huge cash position, strong aand growing products
[14:18] <+jbuch> Shorts ES @ 865.5
[14:19] <+codehead> wow USO almost got to 30 while i was stressing about ES
[14:19] <+werner> Covered all NQ Short @ 1272.50 --> + 3.5
[14:19] <+jbuch> Covered all ES Short @ 864 --> + 1.5
[14:20] <+rickf> vn
[14:21] <+werner> tx
[14:21] <+rickf> kibg es 863,75
[14:21] <+jbuch> thnks
[14:21] <+szubaark> nice
[14:21] <+codehead> wtg
[14:22] <+rickf> out 64 +.25
[14:22] <+jbuch> had my stop set at 863.25 got greedy and moved it down
[14:23] <+jbuch> the problem with this game is that you can always do better and there is always more to learn
[14:23] <+rickf> lol figures
[14:30] <+jbuch> Long ES @ 866.25
[14:31] <+jbuch> Exited all ES Long @ 866.75 --> + 0.5
[14:36] <+codehead> top retested
[14:36] <+jbuch> high vol to
[14:39] <+jbuch> Shorts ES @ 866
[14:39] <+jbuch> Covered all ES Short @ 865.25 --> + 0.75
[14:41] <+jbuch> had a short up higher but wimped out
[14:41] <+rickf> long es 866.75
[14:41] <+rickf> 65.75 long
[14:42] <+rickf> out 66.75 +1
[14:43] <+jbuch> its getting creazy
[14:43] <+jbuch> crazy
[14:44] <drt> l ym 44
[14:44] <+rickf> yup
[14:44] <+rickf> waiting for the drop ... nice run up today, gotta pull back
[14:45] <+szubaark> or could just keep going
[14:46] <+jbuch> ya I was watchin T&S on that last upswing all small contracts until that high vol failure a bununch of larger contracts were sold
[14:47] <+jbuch> nice typing
[14:49] <+drt> stp l ym 36
[14:50] <+jbuch> Shorts ES @ 864.25
[14:51] <+jbuch> Covered all ES Short @ 863.25 --> + 1
[14:53] <+werner> good
[14:56] <+jbuch> Long ES @ 864.5
[14:57] <+jbuch> Exited all ES Long @ 864.5 --> 0
[14:59] <+rickf> last hour
[14:59] <+szubaark> yuppie
[15:00] <+szubaark> to summarize this week, if you didnt catch the Opening Blast-Offs, its been a long rest of days
[15:01] <+rickf> yeah ... though able to scalp a few points here and there ... finaly began to jump into trend trades more frequently
[15:02] <+szubaark> i got caught in the long choppy consolidations too much this week.
[15:02] <+szubaark> i got used to the nice breakouts we had last few months.. not this week..
[15:02] <+rickf> u traded better today --- weren't chasing much
[15:03] <+szubaark> i realized market changed AGAIN.. i wont get breakouts anymore
[15:13] <+jbuch> Long ES @ 862,25
[15:14] <+jbuch> Exited all ES Long @ 862.5 --> + 862.5 - 862,25
[15:18] <Flow> Shorts ES @ 862.00 «« testing script »»
[15:18] <+werner> Shorts NQ @ 1272.00
[15:19] <+rickf> long es 863
[15:19] <+Flow> Covered all ES Short @ 863.00 --> - 1 «« testing script »»
[15:21] <+rickf> out 63.25 +.25
[15:21] <+rickf> too jumpy tho i am still lookingl ong
[15:22] <+werner> Covered all NQ Short @ 1272.00 --> 0
[15:25] <+jbuch> nice little flag broke the down trendline like to see pa test 862
[15:26] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20[15:28] <+jbuch> Long ES @ 863
[15:29] <+jbuch> Exited all ES Long @ 864.25 --> + 1.25
[15:31] <+jbuch> Long ES @ 864.75
[15:32] <+werner> look out fot that 65.25...i think
[15:32] <+jbuch> Exited all ES Long @ 864.5 --> - 0.25
[15:33] <+werner> ok
[15:34] <+werner> fot=for
[15:35] <+jbuch> Long ES @ 865
[15:38] <+jbuch> Exited all ES Long @ 865.25 --> + 0.25
[15:43] <+werner> Shorts NQ @ 1278.50
[15:44] <+jbuch> Long ES @ 867
[15:44] <+werner> Covered all NQ Short @ 1277.00 --> + 1.5
[15:47] <+szubaark> 875 and that should do it for week
[15:47] <+jbuch> Exited all ES Long @ 868.75 --> + 1.75
[15:48] <+rickf> i'm calling it early - phone call, and i'm tired. have a great w/e and see you on monoday
[15:50] <+werner> nice jbuch
[15:51] <+werner> good wk all and take care
[15:52] <+jbuch> thxs werner
[15:52] <+jbuch> have a good weekend
[15:52] <+werner>
[15:52] <+szubaark> bye
[15:52] <+werner> bye szu
[15:52] <+Flow> Have a good w/e all...Cheers
[16:01] <+jbuch> have a good weekend all
[16:01] <+szubaark> bye
[17:32] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20Session Close: Fri Feb 06 19:37:22 2009
