Session Start: Tue Mar 10 08:35:46 2009
Session Ident: #futurestrades
[08:35] * Now talking in #futurestrades
[08:35] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[08:52] <@NihabaAshi> Shorts ES @ 689.00 -> small size
[08:52] <@NihabaAshi> 3 only
[09:01] * codehead_afk is now known as codehead
[09:04] <@NihabaAshi> Covered all ES Short @ 687.00 --> + 2
[09:23] <werner>
all[09:29] <drt>
all[09:32] <@NihabaAshi> Long ES @ 692.50 -> medium size
[09:32] <@NihabaAshi> 4 only
[09:35] <@NihabaAshi> Exited all ES Long @ 691.25 --> - 1.25
[09:35] <@NihabaAshi> Long ES @ 691.50 -> medium size
[09:39] <@NihabaAshi> Exited 3/4 ES Long @ 694.75 --> + 3.25
[09:50] <+Reno-Away> nice long wrbtrader, I wish I would have jumped in
[09:51] * Reno-Away is now known as Reno
[09:54] <@NihabaAshi> Exited Remainder ES Long @ 702.00 --> + 10.5
[09:56] <+werner> vn
[09:58] <szubaark> nice wrbtrader.
[10:02] <+Reno> tough for me to trade after a move like that, going to step away for a minute
[10:02] * Reno is now known as Reno-Away
[10:02] <+codehead> short ES 702.00 2c <paper>
[10:03] <+codehead> stop 703.25 <paper>
[10:03] <+codehead> exit 1c +1.50 <paper>
[10:03] <+codehead> lower stop 702.75 <paper>
[10:04] <+codehead> lower stop b/e remainder <paper>
[10:06] <+codehead> exit ES +1.00 remainder <paper>
[10:21] <+szubaark> Shorts ES @ 705 «« paper »»
[10:23] <jbuch> morning all
[10:24] <+werner>
JB[10:24] <+szubaark> hi jb
[10:26] <+jbuch> hopefully I can trade today got pulled off by other things pretty much as soon as I sat down yesterday.
[10:30] <+szubaark> Covered all Short ES at 705 --> 0 «« paper »»
[10:36] * Reno-Away is now known as Reno
[10:38] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @ viewforum.php?f=20
[10:40] <+jbuch> Long SPY @ 70.96
[10:42] <+jbuch> Exited 1/2 SPY Long @ 71 --> + 0.04
[10:43] <+jbuch> pretty weak
[10:45] <+szubaark> Buys ES @ 705 «« paper »»
[10:46] <+jbuch> Exited 1/4 SPY Long @ 71.14 --> + 0.18
[10:47] <@NihabaAshi> Long ES @ 705.50 -> small size
[10:47] <@NihabaAshi> 1 only
[10:47] <+jbuch> exit stop set SPY @ 70.99
[10:49] <@NihabaAshi> Exited ES Long @ 706.50 --> + 1
[10:52] <+Reno> Shorts NQ @ 1094.50 «« simulator »»
[10:52] <+Reno> usually don't do this
[10:54] <+Reno> Covered all NQ Short @ 1095.50 --> - 1 «« simulator »»
[10:54] <+jbuch> exit stop raised SPY @ 71.18
[10:55] <+szubaark> exit stop set ES @ 705.50 «« paper »»
[10:55] <+jbuch> Exited all SPY Long @ 71.18 --> + 0.22
[10:57] <+szubaark> Exited all Long ES at 705.50 --> + 0.5 «« paper »»
[10:57] <winmax60> Shorts ES @ 706 -> small size «« simulator »»
[10:57] <+szubaark> Shorts ES @ 705.50 «« paper »»
[10:58] <+codehead> YM and ES double top
[10:59] <+winmax60> Covered all ES Short @ 705 --> + 1 «« simulator »»
[11:00] <+szubaark> exit stop set ES @ 707.25 «« paper »»
[11:01] <+Reno> Long ES @ 705 «« simulator »»
[11:01] <+jbuch> weak up weak down
[11:03] <+szubaark> most of the move was down Overnight and at Open..now they left us with scraps
[11:03] <+Reno> exit stop set ES @ 703.75 «« simulator »»
[11:04] <+Reno> Exited all ES Long @ 703.75 --> - 1.25 «« simulator »»
[11:09] <+jbuch> nice up move at the open but but probably hard to get into
[11:10] <+szubaark> exit stop set ES @ 704.75 «« paper »»
[11:10] <+Reno> yeah, I had problems jumping in at the open.
[11:10] <+jbuch> Shorts SPY @ 70 83
[11:12] <+Reno> Long NQ @ 1087 «« simulator »»
[11:12] <+jbuch> Covered all SPY Short @ 70.83 --> + 70 83 - 70.83
[11:14] <pdays> Long ES @ 703.0
[11:14] <+pdays> Exited all ES Long @ 704.25 --> + 1.25
[11:15] <+szubaark> Covered all Short ES at 704.75 --> + 0.75 «« paper »»
[11:16] <+szubaark> they left us "retail" with scraps here
[11:17] <+Reno> exit stop set NQ @ 1086 «« simulator »»
[11:19] <+jbuch> Long SPY @ 71.01
[11:21] <+jbuch> Exited 1/2 SPY Long @ 71.11 --> + 0.1
[11:22] <+jbuch> exit stop set SPY @ 70.98
[11:24] <+Reno> exit stop set NQ @ 1087 «« simulator »»
[11:24] <+Reno> might get out earlier though
[11:24] <+jbuch> exit stop raised SPY @ 71.01
[11:26] <+jbuch> Exited 1/4 SPY Long @ 71.16 --> + 0.15
[11:28] <+jbuch> exit stop raised SPY @ 71.09
[11:28] <+szubaark> Buys ES @ 708 «« paper »»
[11:29] <+jbuch> Exited Remainder SPY Long @ 71.38 --> + 0.37
[11:29] <+jbuch> coffee break
[11:31] <+Reno> double toppers in process of being wrong, migh push a little higher
[11:35] <+szubaark> Exited all Long ES at 707.25 --> - 0.75 «« paper »»
[11:35] <+szubaark> Shorts ES @ 707.25 «« paper »»
[11:40] <+winmax60> Shorts ES @ 707.5 -> small size «« simulator »»
[11:43] <+winmax60> Covered all ES Short @ 706.5 --> + 1 «« simulator »»
[11:46] <+szubaark> exit stop moved to breakeven ES @ 707.25 «« paper »»
[11:46] <+szubaark> Covered all Short ES at 707.25 --> 0 «« paper »»
[11:48] <+szubaark> Shorts ES @ 705.75 «« paper »»
[11:48] <pat255> ga all late
[11:50] <+szubaark> Covered all Short ES at 707.50 --> - 1.75 «« paper »»
[11:50] <+szubaark> Buys ES @ 707.50 «« paper »»
[11:52] <+Reno> exit stop raised NQ @ 1091 «« simulator »»
[11:57] <+Reno> Exited all NQ Long @ 1097 --> + 10 «« simulator »»
[12:00] <+Reno> finally in green after first two being losers. taking a break be back later
[12:01] * Reno is now known as Reno-Away
[12:03] <+szubaark> Tightening Stop
[12:05] <+jbuch> wrbtrader looks as though we may be getting that trend day that you were talking about
[12:05] <@NihabaAshi> Yeah...if it holds and goes a little higher along with closing strong...we will have the biggest trading day of the year so far.
[12:07] <+werner> top channel nq 60 here
[12:08] <+jbuch> we sure could use it
[12:09] <+jbuch> gotta go again be back in a bit
[12:09] <+szubaark> werner, NQ looks most Bullish On Daily
[12:10] <+werner> yes it just a line ...can it break...yes
[12:10] <+szubaark> exit stop set ES @ 712.25 «« paper »»
[12:11] <+werner> yes its...
[12:14] <+szubaark> Exited all Long ES at 712.25 --> + 4.75 «« paper »»
[12:14] <@NihabaAshi> Market still needs to clear the resistance area of last Wednesday to ensure this isn't a one day wonder.
[12:15] <+werner> nice szu
[12:16] <+szubaark> thnx
[12:25] <@NihabaAshi> Long ES @ 712.00 -> small size
[12:25] <@NihabaAshi> 2 only
[12:27] <@NihabaAshi> Exited all ES Long @ 713.25 --> + 1.25
[12:44] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @ viewforum.php?f=20
[12:53] <+szubaark> Shorts ES @ 711.25 «« paper »»
[13:04] <+szubaark> exit stop moved to breakeven ES @ 711.25 «« paper »»
[13:13] <+szubaark> Covered all Short ES at 711.25 --> 0 «« paper »»
[13:17] <@NihabaAshi> Long ES @ 712.50 -> small size
[13:17] <rickf> hi all
[13:17] <@NihabaAshi> 2 only
[13:17] <@NihabaAshi> problem entry
[13:17] <@NihabaAshi> tried to get in @ 711.00
[13:18] * +rickf added to my SDS hedge this morning - average cost now $83.50
[13:18] <+rickf> missed a fantastic trading tape it seems
[13:19] <+jbuch> whats happening rick
[13:19] <+rickf> had stuff to do this morning
[13:19] <+pat255> sds?
[13:19] <+rickf> ultra short spx etf
[13:19] <+pat255> k ty
[13:20] <@NihabaAshi> Exited ES Long @ 711.50 --> - 1
[13:22] <+szubaark> Shorts ES @ 711 «« paper »»
[13:24] <@NihabaAshi> Shorts ES @ 711.00 -> small size
[13:25] <@NihabaAshi> 2 only
[13:26] <+szubaark> exit stop moved to breakeven ES @ 711 «« paper »»
[13:27] <+szubaark> this could Whipsaw here so im keeping tight Stop
[13:27] <@NihabaAshi> Covered all ES Short @ 710.00 --> + 1
[13:29] <+szubaark> Covered all Short ES at 711 --> 0 «« paper »»
[13:29] <+szubaark> yup, just as expected
[13:31] <+szubaark> Buys ES @ 711.25 «« paper »»
[13:32] <@NihabaAshi> Long ES @ 711.75 -> small size
[13:32] <@NihabaAshi> 1 only
[13:33] <@NihabaAshi> Long ES @ 712.50 -> Add
[13:33] <+szubaark> Tightening Stop
[13:34] <+jbuch> Long SPY @ 71.81
[13:34] <+jbuch> Exited 1/2 SPY Long @ 71.90 --> + 0.09
[13:35] <+jbuch> exit stop set SPY @ 71.79
[13:35] <@NihabaAshi> Exited 1/2 ES Long @ 713.00 --> + 0.5
[13:36] <+jbuch> Exited Remainder SPY Long @ 71.79 --> - 0.02
[13:37] <+szubaark> i got in BEFORE the spike so got some room
[13:38] <+jbuch> nice I was playing it safe and protecting profits
[13:38] <@NihabaAshi> Exited Remainder ES Long @ 712.50 --> + 0.75
[13:38] <+szubaark> Exited all Long ES at 712 --> + 0.75 «« paper »»
[13:39] <+szubaark> dont like this Price Action
[13:41] <+rickf> yeah right now its indecisive
[13:41] * Reno-Away is now known as Reno
[13:42] <@NihabaAshi> Long ES @ 713.75 -> small size
[13:42] <@NihabaAshi> 1 only
[13:42] <+szubaark> Buys ES @ 714.25 «« paper »»
[13:43] <@NihabaAshi> Exited ES Long @ 715.50 --> + 1.75
[13:44] <@NihabaAshi> It still has some juice to go higher.
[13:44] <@NihabaAshi> I got a repair guy here...distractions...be right back.
[13:44] <+szubaark> so far
[13:44] * NihabaAshi is now known as NihabaAshi_away
[13:46] <+szubaark> Exited all Long ES at 714.50 --> + 0.25 «« paper »»
[13:48] * NihabaAshi_away is now known as NihabaAshi
[13:48] <@NihabaAshi> Long ES @ 714.25 -> small size
[13:49] <@NihabaAshi> 1 only
[13:49] <@NihabaAshi> intuition
[13:49] <+Reno> Long NQ @ 1106.50 «« simulator »»
[13:53] <+szubaark> Shorts ES @ 713.25 «« paper »»
[13:53] <@NihabaAshi> Exited ES Long @ 713.25 --> - 1
[13:53] <+rickf> exit 1 ZG @ 893.20 +21.70 (late)
[13:53] <+Reno> Exited all NQ Long @ 1104 --> - 2.5 «« simulator »»
[13:54] <+szubaark> Tightening Stop
[13:55] <@NihabaAshi> Shorts ES @ 712.00 -> small size
[13:55] <@NihabaAshi> 3 only
[13:58] <@NihabaAshi> Covered all ES Short @ 711.00 --> + 1
[13:58] <+Reno> Long NQ @ 1102 «« simulator »»
[13:58] <+rickf> geez - the SKF is down 22% and FAZ down 30% today unreal
[13:58] <+rickf> both are 2x and 3x short financial
[13:59] <+szubaark> exit stop set ES @ 712.25 «« paper »»
[14:03] <+jbuch> man those things are scary and so news driven
[14:03] <+rickf> yessir
[14:04] <+rickf> i did a bull put spread on the SKF last year ... 50pt cushion, thought I was safe. 3 days later it blew through both option strikes another 20 points down, then reversed. Had I kept the trade as-is, i'd have been fine - but i panicked and dumped the trade for a loss
[14:04] <+rickf> scary stuff
[14:04] <+rickf> tho the SDS is very helpful in a long-only equity portfolio
[14:05] <+rickf> has kept my balance +/- 5pct during all this volatility
[14:05] <+szubaark> Covered all Short ES at 712.25 --> + 1 «« paper »»
[14:05] <+Reno> exit stop set NQ @ 1101 «« simulator »»
[14:06] <@NihabaAshi> Long ES @ 712.25 -> small size
[14:06] <@NihabaAshi> 2 only
[14:09] <@NihabaAshi> Exited all ES Long @ 711.25 --> - 1
[14:09] <@NihabaAshi> Shorts ES @ 710.75 -> small size
[14:09] <@NihabaAshi> 3 only
[14:10] <@NihabaAshi> geeesh
[14:11] <@NihabaAshi> Covered all ES Short @ 711.75 --> - 1
[14:11] <+szubaark>
..glad to be Flat[14:11] <@NihabaAshi> volatility increasing fast...
[14:11] <@NihabaAshi> It's going to braeakout of this small little range.
[14:13] <+Reno> Exited all NQ Long @ 1101 --> - 1 «« simulator »»
[14:14] <@NihabaAshi> Shorts ES @ 710.25 -> medium size
[14:14] <@NihabaAshi> 4 only
[14:14] <+Reno> Shorts NQ @ 1101.25 «« simulator »»
[14:15] <@NihabaAshi> a lot of fight to maintain this support area
[14:16] <+Reno> exit stop set NQ @ 1103.50 «« simulator »»
[14:18] <@NihabaAshi> Covered all ES Short @ 709.75 --> + 0.5
[14:22] <@NihabaAshi> volatility declining
[14:25] <@NihabaAshi> Long ES @ 710.00 -> small size
[14:25] <@NihabaAshi> 2 only
[14:32] <drt> l ym 34
[14:33] <+Reno> Covered all NQ Short @ 1103.50 --> - 2.25 «« simulator »»
[14:34] <@NihabaAshi> Exited all ES Long @ 713.25 --> + 3.25
[14:34] <+pat255> vn
[14:34] <+pat255> just cant get anything going
[14:36] <+drt> cl ym 54
[14:36] <+Reno> Long NQ @ 1104 «« simulator »»
[14:37] <+Reno> exit stop set NQ @ 1101 «« simulator »»
[14:38] <+Reno> Exited all NQ Long @ 1101 --> - 3 «« simulator »»
[14:38] <+Reno> getting chopped up
[14:39] <+szubaark> yes Chop is big part of this
[14:39] <+Reno> Shorts NQ @ 1102 «« simulator »»
[14:48] <+Reno> exit stop moved to breakeven NQ @ 1102 «« simulator »»
[14:50] <@NihabaAshi> Hope the market doesn't sell off...
[14:50] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @ viewforum.php?f=20
[14:52] <+rickf> would be nice to close +3 figures for a change
[14:56] <+Reno> exit stop moved to breakeven NQ @ 1102 «« simulator »»
[14:56] <+drt> s ym 26
[14:57] <+Reno> Covered all NQ Short @ 1102 --> 0 «« simulator »»
[14:59] <+Reno> Long NQ @ 1103 «« simulator »»
[15:04] <+rickf> short es 713,25
[15:05] <+drt> cs ym 46
[15:05] <+rickf> out 712.25 +1
[15:05] <+rickf> last hour
[15:05] <+szubaark> Buys ES @ 714.25 «« paper »»
[15:06] <+szubaark> lets see if Bulls make a statement today
[15:07] <+jbuch> Long SPY @ 71..91
[15:07] <+szubaark> Bears getting sll the spotlight
[15:07] <+jbuch> Exited 1/2 SPY Long @ 71.99 --> + 71.99 - 71..91
[15:07] <+rickf> short es 714.25
[15:07] <+jbuch> Exited Remainder SPY Long @ 71.89 --> + 71.89 - 71..91
[15:08] <+szubaark> exit stop set ES @ 712 «« paper »»
[15:09] <+rickf> out 713 +1,25
[15:10] <+jbuch> Long SPY @ 71.91
[15:11] <+jbuch> Exited Remainder SPY Long @ 71.88 --> - 0.03
[15:15] <+szubaark> Exited all Long ES at 712.2 --> - 2.05 «« paper »»
[15:15] <+szubaark> Exited all Long ES at 712.25 --> - 2 «« paper »»
[15:15] <+szubaark> Shorts ES @ 712.25 «« paper »»
[15:16] <+Reno> exit stop set NQ @ 1101 «« simulator »»
[15:16] <+jbuch> Long SPY @ 71.81
[15:16] <+szubaark> hopefully i wont catch too many
here[15:16] <+drt> l ym 52
[15:17] <+rickf> dollars to donuts we roll over
[15:18] <+szubaark> lol
[15:18] <+szubaark> doodles
[15:19] <+Reno> Exited all NQ Long @ 1101 --> - 2 «« simulator »»
[15:19] <+jbuch> Exited all SPY Long @ 71.69 --> - 0.12
[15:19] <+rickf> short es 711
[15:20] <+drt> cl ym 52
[15:22] <+szubaark> Covered all Short ES at 713.25 --> - 1 «« paper »»
[15:22] <+rickf> out 713 -2
[15:22] <+jbuch> Long SPY @ 71.8
[15:22] <+szubaark> Buys ES @ 714 «« paper »»
[15:22] <+rickf> only 1 ct that time
[15:23] <+jbuch> Exited all SPY Long @ 71.83 --> + 0.03
[15:23] <+rickf> short es 713,.25
[15:23] <+jbuch> tough
[15:24] <+rickf> out 712,25 +1
[15:24] <+rickf>
[15:25] <+szubaark> easy to give all Profits back in these
[15:25] <+jbuch> Long SPY @ 71.75
[15:25] <+Reno> Long ES @ 712.75 «« simulator »»
[15:25] <+szubaark> IF we do breakout,market making sure nobody get in on it
[15:27] <+jbuch> Exited 1/2 SPY Long @ 71.98 --> + 0.23
[15:27] <+jbuch> Exited 1/4 SPY Long @ 72.09 --> + 0.34
[15:28] <+rickf> ok maybe we will rally into the close ... some strength showing up
[15:28] <+szubaark> its time for Bulls to shine
[15:28] <+jbuch> run baby run
[15:29] <+jbuch> exit stop set SPY @ 71.98
[15:30] <+jbuch> Exited Remainder SPY Long @ 72.04 --> + 0.29
[15:32] <+szubaark> still pulling back
[15:32] <+szubaark> Exited all Long ES at 714.25 --> + 0.25 «« paper »»
[15:34] <+szubaark> looked like it was gonna run for a few points
[15:36] <+szubaark> Shorts ES @ 713 «« paper »»
[15:37] <+drt> l ym 69
[15:37] <+szubaark>
([15:38] <+drt> stp l ym 69
[15:39] <kosmipt> Long ES @ 715.25 «« simulator »»
[15:40] <+szubaark> Covered all Short ES at 716 --> - 3 «« paper »»
[15:40] <+szubaark>
([15:40] <+kosmipt> Long ES @ 716 -> Add «« simulator »»
[15:40] <+szubaark> Buys ES @ 716 «« paper »»
[15:40] <+szubaark> sneaky bugger
[15:40] <+drt> cl ym 89
[15:40] <+szubaark> Brutal
[15:41] <+kosmipt> Exited 1/2 ES Long @ 716 --> 0 «« simulator »»
[15:41] <@NihabaAshi> Long ES @ 715.75 -> small size
[15:41] <@NihabaAshi> 2 only
[15:41] <+szubaark> pusshhhh
[15:42] <+kosmipt> Exited Remainder ES Long @ 716.25 --> + 1 «« simulator »»
[15:42] <+kosmipt> no follow thru
[15:43] <+rickf> if it breaks 717 and holds, likely closes up; but it's having a hard time
[15:43] <+szubaark> easy to give profits back last hour
[15:43] <@NihabaAshi> Exited all ES Long @ 715.00 --> - 0.75
[15:43] <+rickf> the battle between breakout and breakDOWN
[15:43] <+szubaark> Exited all Long ES at 713.50 --> - 2.5 «« paper »»
[15:44] <+szubaark> Shorts ES @ 713.50 «« paper »»
[15:44] <+szubaark> 6 Stopout in a row
([15:44] <+Reno> Exited all ES Long @ 712.75 --> 0 «« simulator »»
[15:44] <@NihabaAshi> Long ES @ 714.50 -> small size
[15:44] <@NihabaAshi> 2 only
[15:44] <+kosmipt> Shorts ES @ 714.50 «« simulator »»
[15:45] <+kosmipt> tight stop
[15:45] <@NihabaAshi> same here
[15:46] <@NihabaAshi> Exited all ES Long @ 714.00 --> - 0.5
[15:46] <+kosmipt> Covered all ES Short @ 713 --> + 1.5 «« simulator »»
[15:46] <+rickf> 1.5 is about all you can get right now
[15:46] <@NihabaAshi> Long ES @ 713.25 -> small size
[15:46] <+rickf>
[15:46] <@NihabaAshi> 2 only
[15:47] <+rickf> shourt es 713.50
[15:47] <+Reno> Long ES @ 713.50 «« simulator »»
[15:48] <+jbuch> trying hard to stay up.
[15:48] <+szubaark> i need a Chop/Whipsaw ALERT Indicator
[15:49] <@NihabaAshi> Exited all ES Long @ 714.00 --> + 0.75
[15:50] <+rickf> out 714.25 -.75
[15:50] <@NihabaAshi> Long ES @ 715.00 -> small size
[15:50] <@NihabaAshi> 2 only
[15:50] <+rickf> not
it[15:51] <+szubaark> Covered all Short ES at 715.50 --> - 2 «« paper »»
[15:51] <+szubaark> Buys ES @ 715.50 «« paper »»
[15:51] <+Reno> nq looking strong
[15:51] <+szubaark> crap..went Negative for day after
all day to stay positive ((([15:52] <+Reno> same problem I have had today
[15:52] <+szubaark> i was down yersturday also
[15:52] <+szubaark> too much frikin chop and
everyday[15:53] <+Reno> Whipsaws beat me up today, but mostly my own greed
[15:53] <+Reno> left too much on the table and should have cut my losses shorter
[15:54] <+rickf> buy stop es 717
[15:55] <+rickf> cxl buy stop
[15:55] <+szubaark> Ill need this to run 7 ES Points for me to breakeven
[15:55] <+Reno> about 4pts for me
[15:55] <+szubaark> i got 2 ES Points to broker fees
[15:56] <+rickf> buy es 717
[15:56] <+rickf> 1ct
[15:57] <+rickf> breakout
[15:57] <+rickf> stop @ 717.50
[15:58] <+rickf> out +.50
[15:58] <@NihabaAshi> Exited all ES Long @ 717.50 --> + 2.5
[15:58] <+szubaark> just wont run..every high Sellers step in
[15:58] <+pat255> gn & ty all
[15:59] <+rickf> cya pat
[15:59] <+kosmipt> i believe currencies, gold trend better in general
[15:59] <+rickf> i agree
[15:59] <+rickf> currencies - both futures and fx seem to have better trending TA
[15:59] <+rickf> at least from what i've seen
[16:00] <+rickf> ding
[16:01] <+szubaark> we popped up around the time Retail margin requiremnts Increase
[16:02] <+rickf> really?
[16:02] <+Reno> Exited all ES Long @ 720.50 --> + 7 «« simulator »»
[16:02] <+rickf> cn
[16:02] <+rickf> vn
[16:02] <+szubaark> nice
[16:02] <+Reno> thanks
[16:03] <+Reno> traded like an idiot today, but still ended upwith $140.62 after commissions
[16:04] <+Reno> 12 trades with only two winners
[16:04] <+szubaark> i would have been up nicely if wasnt for the 5 Stopouts in that Whipsaw Range..took all my Profits away
[16:05] <+Reno> got to work on my discipline during tomorrows morning session
[16:05] <+Reno> yeah, es can wipe you out with
[16:05] <+Reno> seems like I can control my losses more with NQ during
[16:06] <+rickf> 1 didnt do many trades in that whipsaw area - i'm happy to have stayed out
[16:06] <+szubaark> but thats something no book or article ever mentions is Whipsaws
[16:06] <+rickf> unlike previous months
[16:06] <+szubaark> they all talk about patterns and crap like that
[16:06] <+Reno> good discipline rick
[16:06] <+szubaark> Whipsaws,Chop are biggest account killers
[16:06] <Sidhartha> Shorts ES @ 720 «« simulator »»
[16:06] <+Reno> my inner-idiot came out in me today
[16:06] <+rickf> ty - still learning to make it a part of my routine
[16:07] <+rickf> problem is how to define a whipsaw.....to an 89t trader it's different than a 3min trader is different from a 15m trader
[16:07] <+rickf> each has their own definition
[16:07] <+Reno> true
[16:07] <+rickf> aside from "chop that makes me lose money"
[16:07] <+Reno> 3min was whippin me hard this afternoon
[16:08] <+jbuch> yes ones chop is anothers nice trading range
[16:08] <+szubaark> Exited all Long ES at 719 --> + 3.5 «« paper »»
[16:09] <+szubaark> not enough time.. they waited til last minute to breakout
[16:09] <+jbuch> depending upon waht time frame your are looking at
[16:09] <+rickf> ok guys ... see you tomorrow.....gotta get ready for a condo board mtg
[16:09] <+werner> gn all
[16:09] <+jbuch> night werner
[16:10] <+werner>
[16:10] <+szubaark> im down only -1.25 but commissions bring it to -3
[16:13] <+Reno> see ya guys tomorrow
[16:13] * Reno is now known as Reno-Away
[16:16] <+Sidhartha> Covered all ES Short @ 715.75 --> + 4.25 «« simulator »»
[16:53] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @ viewforum.php?f=20
Session Close: Tue Mar 10 18:42:40 2009