##TheStrategyLab Price Action Chat Room Logs

Session Start: Thu Apr 16 08:52:13 2009
Session Ident: #futurestrades
[08:52] * Now talking in #futurestrades
[08:52] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[08:55] <rickf>
[08:57] <pat255> all
[09:01] <+rickf> hiya
[09:02] * codehead_afk is now known as codehead
[09:30] <drt> everyone
[09:31] * Reno-Away is now known as Reno
[09:35] <+Reno> Long ES @ 853 «« paper »»
[09:36] <+Reno> Exited all ES Long @ 851.50 --> - 1.5 «« paper »»
[09:37] * Forex2stay_Away is now known as Forex2stay
[09:38] <+Reno> Long ES @ 852.50 «« paper »»
[09:38] <pdays> Shorts TF @ 464.2
[09:38] <+pdays> Covered all TF Short @ 461.4 --> + 2.8
[09:40] <+rickf> exit stop on ZG (gold) from yesterday moved to 886 (+6)
[09:41] <+Reno> Exited all ES Long @ 851.50 --> - 1 «« paper »»
[09:42] <szubaark> Shorts ES @ 850.50 «« paper »»
[09:43] <+rickf> long es 851
[09:44] <+szubaark> Covered all Short ES at 850.50 --> 0 «« paper »»
[09:46] <+drt> l es 49
[09:47] <+pat255> L 49.5
[09:47] <+drt> cl es 49
[09:47] <+pat255> out -1
[09:48] <+rickf> long es 848 (add)
[09:53] <@NihabaAshi> Long ES @ 847.50 -> medium size
[09:53] <@NihabaAshi> 4 only
[09:55] <@NihabaAshi> trailing stop @ profit
[09:55] <+drt> s es 48.75
[09:56] <+szubaark> Buys ES @ 849.50 «« paper »»
[09:56] <@NihabaAshi> Exited all ES Long @ 849.00 --> + 1.5
[09:57] <+rickf> exit es 849.25 -.25
[09:57] <+Reno> Shorts ES @ 848.75 «« paper »»
[09:58] <+Reno> Covered all ES Short @ 850.25 --> - 1.5 «« paper »»
[09:58] <+rickf> did it again
[09:58] <+rickf> early entry, happy with a .25 loss on the pos, and 1 min later it would have been profitable and moved where i expected it
[09:58] <+rickf>
[09:59] <+Reno> Shorts ES @ 849.75 «« paper »»
[10:00] <+Reno> Covered all ES Short @ 851.25 --> - 1.5 «« paper »»
[10:00] <+Reno> geez
[10:00] <+szubaark> Exited all Long ES at 849.75 --> + 0.25 «« paper »»
[10:01] <+szubaark> too damn jumpy
[10:01] <TraderG> news
[10:01] <+drt> cs es 47.75
[10:04] <+Reno> Shorts ES @ 848 «« paper »»
[10:05] <+rickf> ok maybe not ... i got out ok
[10:05] <+szubaark> Buys ES @ 847 «« paper »»
[10:08] <+szubaark> Exited all Long ES at 846 --> - 1 «« paper »»
[10:08] <+szubaark> Shorts ES @ 846 «« paper »»
[10:08] <+rickf> xit stop on ZG (gold) from yesterday moved to 884 (+8)
[10:10] <+szubaark>
[10:17] <+drt> s es 47.75
[10:21] <+Reno> Covered all ES Short @ 849.50 --> - 1.5 «« paper »»
[10:22] <@NihabaAshi> Shorts ES @ 849.25 -> small size
[10:22] * Reno is now known as Reno-Away
[10:22] <@NihabaAshi> 2 only
[10:23] <@NihabaAshi> Covered all ES Short @ 849.00 --> + 0.25
[10:24] <+codehead> short ES 2c 849.00 <paper>
[10:24] <@NihabaAshi> Shorts ES @ 849.00 -> small size
[10:24] <+codehead> stop 851.0
[10:24] <@NihabaAshi> 2 only
[10:24] <+codehead> exit 1c +1.0 <paper>
[10:24] <+codehead> stop remainder b/e
[10:25] <+drt> cs es 47.50
[10:26] <@NihabaAshi> Covered all ES Short @ 848.75 --> + 0.25
[10:26] <+codehead> stopped remainder b/e <paper>
[10:32] <+codehead> short 2c ES 850.75 <paper>
[10:32] <+codehead> at 851.5 touch, i look for exit
[10:34] <jbuch> morning all
[10:34] <+codehead> exit +.50 <paper>
[10:34] <@NihabaAshi> Shorts ES @ 850.25 -> small size
[10:34] <@NihabaAshi> 1 only
[10:34] <+rickf>
[10:35] <+rickf> exit stop on ZG (gold) from yesterday moved to 882 (+10)
[10:35] <@NihabaAshi> Covered ES Short @ 849.50 --> + 0.75
[10:35] <+pat255> zg futs?
[10:35] <+rickf> yep
[10:36] <+pat255> ty
[10:36] <+rickf> easier to trade than the gld etf
[10:48] <+rickf> back in a while
[10:49] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @ viewforum.php?f=20
[10:57] <@NihabaAshi> Shorts ES @ 844.25 -> small size
[10:57] <@NihabaAshi> 2 only
[10:58] <@NihabaAshi> oh oh
[10:59] <@NihabaAshi> Covered ES Short @ 844.50 --> - 0.25
[10:59] <@NihabaAshi> Reverse and Enter Long ES @ 844.50
[10:59] <@NihabaAshi> 2 only
[11:00] <@NihabaAshi> Exited all ES Long @ 845.00 --> + 0.5
[11:10] <+codehead> short ES 2c 847.00 <paper>
[11:10] <+codehead> 847.25 is .500 bounce
[11:11] <+codehead> at 848.75 i look for exit
[11:11] <+szubaark> each new low is bought pretty hard
[11:19] <+codehead> exit ES +.25 <paper>
[11:19] <+codehead> taking too long
[11:19] <+codehead> short 1c ES 846.75 <paper>
[11:19] <+codehead> 1 pt stop
[11:20] <+codehead> exit -.25 <paper>
[11:21] <kosmipt> buy limit to enter long ES @ 843.50 «« simulator »»
[11:22] <+codehead> stuck between levels
[11:34] <+codehead> short 2c ES 848.0 <paper>
[11:34] <+codehead> look for exit if 849.25 at latest
[11:48] <+codehead> short ES 2c 850.0 <paper>
[11:48] <+szubaark> weird just tagged previous swing highs in a downtrend
[11:50] <+codehead> 8soory, typo--851.0 short <paper>
[11:52] <+codehead> exit half ES +1.00 <paper>
[11:52] <+codehead> stop on remainder 851.75 <paper>
[11:54] <+kosmipt> cancelled all open limit orders «« simulator »»
[11:56] <+codehead> exit flat remainder ES <paper>
[11:57] <+szubaark> back to Open Range after looking so Bearish, amazing
[11:58] <+codehead> short 1c ES 850.75 <paper>
[11:58] <+codehead> hard stop 852.25, but at 851.75 touch i look for scratch exit
[12:00] <+kosmipt> Shorts ES @ 850.50 «« simulator »»
[12:06] <+codehead> exit ES +1.0 <paper>
[12:09] <+jbuch> Long SPY @ 85.46
[12:13] <+jbuch> Exited all SPY Long @ 85.66 --> + 0.2
[12:15] <+jbuch> that sucked I had 400 qued but only got filled on 200
[12:16] <+szubaark> we are due for a pullback, just ran +10 ES Points straight up
[12:17] <+szubaark> problem is getting good entries
[12:17] <+jbuch> I don't know how many times I have said that in the last week
[12:22] <+jbuch> and instead of selling at my profit target which it went past it came down 5 cents and tagged me out at my protective stop. WTF
[12:23] <+jbuch> Exited all SPY Long @ 85.61 --> + 0.15
[12:25] <+szubaark> this could be the long overdue pullback
[12:26] <+jbuch> Does anyone have any experiance with Ym
[12:27] <@NihabaAshi> Yes
[12:27] <@NihabaAshi> But not in this type of market conditions...it's been over 2 years since I've traded YM
[12:28] <+kosmipt> Covered all ES Short @ 849.50 --> + 1 «« simulator »»
[12:29] <+jbuch> It seems as though it is a little spikier then the ES but other than that very sim
[12:30] <+szubaark> dont let it fool you )
[12:30] <+jbuch> did you ever have any problem with fills wrbtrader
[12:30] <+kosmipt> i personally don't see much difference between ES and YM except tick size and liquidity
[12:33] <+jbuch> I am sure that is all the same moves will watch it for a few days and get a feal for it
[12:33] <+jbuch> feal= feel
[12:44] <+Reno-Away> Long ES @ 850.25 «« paper »»
[12:45] * Reno-Away is now known as Reno
[12:46] <+kosmipt> quick pop
[12:46] <+szubaark> yea suspicious
[12:49] <+szubaark> we still havent re-tested 11am Lows
[12:49] <+szubaark> twilight zone price action
[12:52] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @ viewforum.php?f=20
[12:52] <+rickf> back and lurking
[12:52] <+Reno> not many opportunitities today
[12:52] <+rickf> hence the lurking
[12:53] <+kosmipt> Long ES @ 852.75 «« simulator »»
[12:53] <+kosmipt> chasing a little bit
[12:54] <+szubaark> High test more likely now..just crazy market
[12:54] <+kosmipt> yup, hopefully test of 855
[12:54] <+kosmipt> expecting this long to work right away
[12:55] <+szubaark> so IF u got Long@843 u up now +10 Points,nice
[12:57] <+szubaark> taking break..expecting Brutal Chop and here at Highs
[12:57] * szubaark is now known as szubaark_away
[13:02] <+Reno> Long ES @ 853.75 -> Add «« paper »»
[13:06] <+codehead> short 854.50 ES <paper>
[13:06] <+codehead> stop 855.25 <paper>
[13:06] <+kosmipt> Exited all ES Long @ 853.75 --> + 1 «« simulator »»
[13:07] <+kosmipt> not enough power to continue this momentum
[13:07] <+codehead> exit half ES +1.0 <paper>
[13:11] <+codehead> first target 851.75
[13:12] <+Reno> Exited all ES Long @ 852.50 --> + 1 «« paper »»
[13:12] <+codehead> exit ES remainder +2.0 <paper>
[13:15] <+kosmipt> Shorts ES @ 853 «« simulator »»
[13:19] <+kosmipt> Covered all ES Short @ 852.50 --> + 0.5 «« simulator »»
[13:20] <+Reno> my njtrader data is down
[13:20] <+kosmipt> ninjatrader?
[13:20] <+Reno> yes
[13:20] <+kosmipt> what data feed do you use?
[13:21] <+Reno> sorry, meant zen-fire
[13:21] <+Reno> I use njtrader
[13:21] <+kosmipt> my zenfire datafeed OK
[13:21] <+Reno> strange
[13:22] <+Reno> thanks for the update kos
[13:22] <+kosmipt> np
[13:27] <+Reno> Shorts ES @ 853.50 «« paper »»
[13:31] <+codehead> short 1c ES 853.75 <paper> stop 855.25
[13:35] <+codehead> exit ES +2.0 <paper>
[13:38] <+Reno> Covered all ES Short @ 852 --> + 1.5 «« paper »»
[13:38] <+szubaark_away> nice shorts guys
[13:38] <+Reno> thanks
[13:39] <+rickf> vn
[13:44] <+Reno> Long ES @ 850.25 «« paper »»
[13:52] <+jbuch> Long SPY @ 84.45
[13:53] <+jbuch> Exited all SPY Long @ 85.55 --> + 1.1
[13:54] <+jbuch> ahh that looks good
[13:54] <+rickf> wtg
[13:54] <+jbuch> entry was at 85.45 not 84.45
[13:55] <+Reno> Exited all ES Long @ 849.50 --> - 0.75 «« paper »»
[13:56] <+Reno> should got out early like jbuch
[13:57] <+jbuch> lucky
[13:58] <+kosmipt> Long ES @ 851 «« simulator »»
[13:59] <+jbuch> strong down move thought that it would retest the breakout and give a second entry
[13:59] <+jbuch> which it did but how do you catch something like this
[14:00] <+kosmipt> Exited all ES Long @ 852 --> + 1 «« simulator »»
[14:00] <+szubaark_away> right,it all looks easy on end of day charts, realtime is a whole new ballgame
[14:01] <+jbuch> hard to get the rythem off the market the last couple of weeks
[14:04] <+rickf> jb - yes indeed
[14:05] <+Reno> Shorts ES @ 852.50 «« paper »»
[14:05] <+szubaark_away> at major areas u have to have yur orders ready since the Whole World will be trying to get in
[14:06] <+Reno> Covered all ES Short @ 853.75 --> - 1.25 «« paper »»
[14:06] <+jbuch> huge vol spike
[14:07] <+szubaark_away> yea u would expect follothru so if u chased u &*(&^%
[14:07] <+rickf> the weekly and daily SPX chart looks rather ominous to me
[14:08] <+rickf> the past month's run up puts it back "in the box" retracement wise
[14:09] <+jbuch> almost never see follow through on a big spike runs out of steam. usually sideways or retracement to pick up more troops.
[14:10] <+szubaark_away> thats usually your confirmation but the bar is usually huge for Stop
[14:11] <+Reno> Long ES @ 853.50 «« paper »»
[14:11] <+szubaark_away> AHG method would tell you to go Long on that Spike (1-2-3) but look how frikin big that bar is
[14:12] <+jbuch> better to wait for the retracement and then try to get in
[14:12] <+szubaark_away> annddd we back to the high test again..yawn
[14:13] <+codehead> short 1c ES 854.5 <paper> stop 855.25
[14:15] <+jbuch> Got the YM up and running (had to pay another freaking fee to TS) I like it.
[14:15] <+codehead> stopped -.75 1c ES <paper>
[14:16] <+jbuch> another big vol spike with a reversal
[14:17] <+szubaark_away> Stop run at highs? )
[14:18] <+kosmipt> Shorts ES @ 854.25 «« simulator »»
[14:19] <+kosmipt> Shorts ES @ 854 -> Add «« simulator »»
[14:21] <+kosmipt> Covered all ES Short @ 855.50 --> - 2.75 «« simulator »»
[14:21] <+szubaark_away> wait..its not done
[14:21] <+kosmipt> stupid
[14:22] <+szubaark_away> i like those strong trend days, but those are becoming extinct
[14:23] <+rickf> yes - if i knew last summer what i know now......damn
[14:23] <+szubaark_away> Its extremely difficult to time these Swings with small Stops
[14:23] <+jbuch> now when you get a trend day you don't trust it
[14:24] <+szubaark_away> and YOU DO need to give it room to work..scalping this for ticks not gonna get you far AFTER commissions
[14:24] <+rickf> i've only used 5pt catastrophic stops recently
[14:24] <+rickf> unless i'll be away from the computer
[14:24] <+rickf> i find i trade better w/o a stop ... less afraid of getting stopped out on a stop run
[14:25] <+kosmipt> Shorts ES @ 854.50 «« simulator »»
[14:25] <+szubaark_away> funny thing is on these up and down range days price will come back 3-4 times to my Profit Target
[14:26] <+jbuch> not me I like a 5 cent stop 10 max.
[14:26] <+rickf> i just try not to enter a position when it's choppy or sideways-moving
[14:27] <+szubaark_away> ok, they just whacked Overnight Stops here at 856
[14:29] <+jbuch> high vol all the way through not moving anywheres tick declining
[14:29] <+jbuch> probably a good short but scary
[14:30] <+kosmipt> Covered all ES Short @ 856.75 --> - 2.25 «« simulator »»
[14:30] <+szubaark_away> yea untradable..too random
[14:30] <+jbuch> you basicically shorting a retracement but doesn't want to retrace
[14:31] <+kosmipt> got out of 851 long too early for +1, was shorting the top out of revenge and lost all daily profits
[14:31] <+szubaark_away> also whats sneaky is the candles look bearish one interval so u see weakness, then next they frikin Bullish out of noweher
[14:32] <+jbuch> I do that all the time Kos wonder why our brains sabotage us like that.
[14:33] <+szubaark_away> Its Price Action from prior days we act upon but NOW its acting different and we are cinfused
[14:34] <+szubaark_away> patterns that worked month ago are Traps this month
[14:34] <+rickf> short es 857
[14:38] <+TraderG> why?
[14:38] <+rickf> short es 860 (add)
[14:38] <+TraderG> why?
[14:39] <+TraderG> it is going UP not DOWN
[14:41] <+TraderG> maybe - no guaranties from the management - we will get to 86.54 on the SPY.
[14:47] <+TraderG> rickf may be left (right) afterall
[14:48] <+jbuch> wow my lil 10 cent scalp at the bottom of this looks pretty pathetic now
[14:55] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @ viewforum.php?f=20
[14:55] <+Reno> Exited all ES Long @ 862.50 --> + 9 «« paper »»
[14:55] <+szubaark_away> woooowww..nice!!
[14:56] <+Reno> thanks
[14:56] <+Reno> made up for my stupid trades this morning
[14:57] <+jbuch> nice Reno thats awesom
[14:57] <+Reno> thx everyone
[14:58] <+rickf> short es 863 (final add)
[14:58] <+TraderG> how many conts do u have Rick?
[14:59] <+rickf> 4 now . experimental trade
[14:59] <+TraderG> 1-1-2 ??
[14:59] <+TraderG> 2 being the last?
[14:59] <+rickf> later
[15:04] <+rickf> exit es 61.75 -1
[15:04] <+Reno> Long ES @ 861.75 «« paper »»
[15:05] <+rickf> better than i hoped for on a stupid counter trade
[15:05] <+rickf> still looking lower - i got in way too early
[15:05] <+szubaark_away> i dont trust Long or Short.. Go Long and it will be TOP, Short here and we spike huge LOOOL frikin market
[15:06] <+rickf> no that was me being stupid szu ... you know i have bad luck on countertrend trades
[15:08] <+szubaark_away> but in reality this runup started on that HUGE Bar at 2pm..BUT U would have to chase it (Stop 3Pts) and the pullback NEVER came
[15:08] <+szubaark_away> sneaky bastids
[15:09] <+Reno> Exited all ES Long @ 863.75 --> + 2 «« paper »»
[15:19] <+Reno> Long ES @ 864 «« paper »»
[15:22] <+Reno> Exited all ES Long @ 866 --> + 2 «« paper »»
[15:24] <+rickf> speaking of afternoons like last summer
[15:24] <+szubaark_away> no, this is sneaky JOB
[15:25] <+rickf> expiration tomorrow
[15:25] <+szubaark_away> we were in Downtrend HALF DAY
[15:25] <+rickf> i missed 2 nice longs this morning while i was out ... grr
[15:27] <+rickf> goog after the bell today, ge premarket tomorrow
[15:27] <+rickf> should be fun
[15:29] <+jbuch> damn feed my daughter changed her into a nice outfit and now she just puked blueberries all over us .
[15:30] <+rickf> occupational hazard
[15:30] <+jbuch> need to find a babysitter
[15:30] <+jbuch> weel done Reno
[15:33] <+Reno> thanks-jbuch
[15:33] <+Reno> my little 10-month old terror is ing right now
[15:34] <+jbuch> mine should be as well but she is not having it
[15:35] <+Reno> mine was on a rampage this morning and afternnon
[15:36] <+Reno> Long ES @ 864.50 «« paper »»
[15:37] <+jbuch> grew up with a single mom who had 4 of us have know idea how she did it.
[15:37] <+Reno> god bless her
[15:37] <+Reno> God I meant-oops
[15:39] <+rickf> calling it a day and watching .... still green from my ZG this morning, and am peeved @ myself for doing a trade i don't normally do this afternoon.
[15:39] <+rickf> at least i got the sizing right so i could escape relatively unharmed, which is good
[15:41] <+Reno> Exited all ES Long @ 866.50 --> + 2 «« paper »»
[15:41] <+rickf> vn
[15:41] <+Reno> thanks
[15:42] <+Reno> trend is my friend this afternoon
[15:46] <+kosmipt> Shorts ES @ 863 «« simulator »»
[15:46] <+kosmipt> Shorts ES @ 862.25 -> Add «« simulator »»
[15:47] <+Reno> have a good night everyone
[15:47] * Reno is now known as Reno-Away
[15:47] <+rickf> u too
[15:47] <+Reno-Away> tx
[15:48] <+jbuch> gotta go pick up my mother in law so I will sign out as well.
[15:49] <+jbuch> take care all have a good night
[15:52] <+kosmipt> Covered 1/2 ES Short @ 862 --> + 0.25 «« simulator »»
[15:52] <+codehead> 855.25 is long ES
[15:53] <+kosmipt> if we ever get there
[15:55] <+kosmipt> Covered Remainder ES Short @ 862 --> + 1 «« simulator »»
[15:56] <@NihabaAshi> Long ES @ 863.00 -> small size
[15:56] <@NihabaAshi> 2 only
[15:56] <@NihabaAshi> missed a few hours of this afternoon trading
[15:57] <+kosmipt> Shorts ES @ 862.75 «« simulator »»
[15:58] <@NihabaAshi> Exited ES Long @ 862.00 --> - 1
[15:58] <@NihabaAshi> Reverse and Enter Short ES @ 862.00
[15:58] <+kosmipt> Covered all ES Short @ 861.25 --> + 1.5 «« simulator »»
[16:01] <@NihabaAshi> Covered all ES Short @ 859.75 --> + 2.25
[16:02] <@NihabaAshi> Shorts ES @ 859.75 -> small size
[16:02] <@NihabaAshi> 2 only
[16:03] <@NihabaAshi> Covered all ES Short @ 860.25 --> - 0.5
[16:04] <@NihabaAshi> Shorts ES @ 860.50 -> small size
[16:04] <@NihabaAshi> 2 only
[16:06] <@NihabaAshi> Covered all ES Short @ 861.50 --> - 1
[16:08] <@NihabaAshi> Long ES @ 861.75 -> small size
[16:08] <@NihabaAshi> 3 only
[16:09] <@NihabaAshi> trailing stop @ profit
[16:10] <+kosmipt> GOOG earnings
[16:10] <@NihabaAshi> Exited all ES Long @ 862.00 --> + 0.25
[16:10] <+kosmipt> insane
[16:10] <@NihabaAshi> Yeah...I was watching that
[16:11] <+rickf> damn
[16:11] <+rickf> i used to play GOOG earnings with options - was 2 for 5 with 1 'escape'
[16:11] <@NihabaAshi> Long ES @ 862.00 -> small size
[16:12] <@NihabaAshi> 3 only
[16:13] <+rickf> http://finance.yahoo.com/news/Google-An ... 49372.html
[16:14] <+rickf> up $30 now, GOOG is
[16:14] <winmax60> Shorts ES @ 861.5 -> small size «« simulator »»
[16:15] <+rickf> careful - 1 min till it closes
[16:15] <@NihabaAshi> Exited all ES Long @ 861.75 --> - 0.25
[16:15] <+winmax60> Covered all ES Short @ 861..25 --> + 861.5 - 861..25 «« simulator »»
[16:15] <+winmax60> correction: 861.25 +0.25
[16:16] <+rickf> tomorrow's a busy earnings day -- Citi, GE, BBT before the bell
[17:01] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @ viewforum.php?f=20
Session Close: Thu Apr 16 18:23:15 2009