##TheStrategyLab Price Action Chat Room Logs

Session Start: Thu Apr 23 09:29:43 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.
[09:31] <pat255> all
[09:35] <@NihabaAshi> Shorts ES @ 841.25 -> medium size
[09:35] <@NihabaAshi> 4 only
[09:36] <@NihabaAshi> Covered all ES Short @ 841.00 --> + 0.25
[09:37] <@NihabaAshi> Shorts ES @ 840.75 -> medium size
[09:37] <@NihabaAshi> 4 only
[09:37] <@NihabaAshi> intuition after the trailing stop hit on prior trade
[09:38] <Nesi> Long ES @ 841.00 «« simulator »»
[09:40] <@NihabaAshi> Covered all ES Short @ 842.00 --> - 1.25
[09:41] <@NihabaAshi> Long ES @ 842.00 -> medium size
[09:41] <@NihabaAshi> 4 only
[09:42] <+Nesi> exit stop set ES @ 841.25 «« simulator »»
[09:42] <@NihabaAshi> trailing stop @ profit
[09:43] <szubaark> whippy
[09:43] <@NihabaAshi> Exited all ES Long @ 842.50 --> + 0.5
[09:44] <@NihabaAshi> Long ES @ 843.50 -> medium size
[09:44] <@NihabaAshi> 4 only
[09:44] <@NihabaAshi> intuition after prior trade trailing stop exit
[09:45] <@NihabaAshi> Exited all ES Long @ 844.00 --> + 0.5
[09:46] <+Nesi> exit stop raised ES @ 842.00 «« simulator »»
[09:49] <+Nesi> Exited all ES Long @ 842.00 --> + 1 «« simulator »»
[09:50] <+Nesi> Shorts ES @ 842.50 «« simulator »»
[09:51] <+Nesi> Covered all ES Short @ 844.00 --> - 1.5 «« simulator »»
[09:51] <+Nesi> will wait it out
[09:53] <drt> l es 41.75
[09:54] <+Nesi> Shorts ES @ 841.00 «« simulator »»
[09:56] <+szubaark> Shorts ES @ 839.75 «« paper »»
[09:56] <+Nesi> exit stop set ES @ 841.00 «« simulator »»
[09:57] * codehead_afk is now known as codehead
[10:00] <+szubaark> Covered all Short ES at 837.25 --> + 2.5 «« paper »»
[10:01] <@NihabaAshi> Shorts ES @ 837.25 -> medium size
[10:01] <@NihabaAshi> 4 only
[10:01] <@NihabaAshi> retail info revised downwards
[10:02] <@NihabaAshi> meant prior home sales info revised downwards
[10:02] <+Nesi> exit stop set ES @ 840.00 «« simulator »»
[10:03] <@NihabaAshi> In a few minutes...the market will have "absorbed" the Home Sales news
[10:04] <@NihabaAshi> Covered all ES Short @ 835.00 --> + 2.25
[10:05] <+pat255> vn ..
[10:07] <+szubaark> No clue why i still keep getting from Woodie CCI club since i unsuscribed already..
[10:10] <pdays> Long ES @ 835.75
[10:10] <@NihabaAshi> Long ES @ 836.00 -> small size
[10:11] <@NihabaAshi> 1 only
[10:11] <@NihabaAshi> intuition...trying something new
[10:12] <@NihabaAshi> Exited ES Long @ 837.00 --> + 1
[10:17] <@NihabaAshi> Shorts ES @ 837.75 -> small size
[10:17] <@NihabaAshi> 2 only
[10:19] <+pdays> Exited all ES Long @ 837.0 --> + 1.25
[10:20] <@NihabaAshi> Covered all ES Short @ 838.50 --> - 0.75
[10:20] <@NihabaAshi>
[10:20] <@NihabaAshi> got shook out
[10:20] <+szubaark> this market requires a lot of patience on trades lately
[10:22] <+pat255> y ...still better to keep short stops or else ..
[10:25] <+Nesi> Covered all ES Short @ 840.00 --> + 1 «« simulator »»
[10:31] <+Nesi> Shorts ES @ 840.00 «« simulator »»
[10:31] <+szubaark> Shorts ES @ 839.50 «« paper »»
[10:33] <+szubaark> Covered all Short ES at 838.50 --> + 1 «« paper »»
[10:37] <+drt> cl es 42
[10:37] <+Nesi> Covered all ES Short @ 842.00 --> - 2 «« simulator »»
[10:40] <kosmipt> Long ES @ 841 «« simulator »»
[10:41] <+kosmipt> Long ES @ 841.50 -> Add «« simulator »»
[10:42] <+Nesi> Shorts ES @ 841.50 «« simulator »»
[10:42] <+kosmipt> Exited 1/2 ES Long @ 841.50 --> 0 «« simulator »»
[10:43] <+kosmipt> Exited Remainder ES Long @ 841.25 --> + 0.25 «« simulator »»
[10:46] <codehead> 842.50 bounce high was exactly .618 retracement
[10:46] <+Nesi> exit stop set ES @ 841.50 «« simulator »»
[10:46] <+codehead> was chatting and missed it
[10:46] <+szubaark> Shorts ES @ 837.50 «« paper »»
[10:51] <+Nesi> exit stop set ES @ 840.00 «« simulator »»
[10:55] <+szubaark> exit stop set ES @ 838.75 «« paper »»
[10:57] <+kosmipt> Long ES @ 838 «« simulator »»
[10:58] <+kosmipt> Exited all ES Long @ 836.75 --> - 1.25 «« simulator »»
[11:02] <+Nesi> exit stop set ES @ 839.00 «« simulator »»
[11:02] <+szubaark> Covered all Short ES at 834.75 --> + 2.75 «« paper »»
[11:04] <+kosmipt> Long ES @ 836 «« simulator »»
[11:05] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @ viewforum.php?f=20
[11:06] <+kosmipt> Exited all ES Long @ 836.25 --> + 0.25 «« simulator »»
[11:06] <@NihabaAshi> Long ES @ 836.50 -> small size
[11:06] <@NihabaAshi> 2 only
[11:07] <+kosmipt> Long ES @ 836.50 «« simulator »»
[11:09] <@NihabaAshi> Exited all ES Long @ 836.00 --> - 0.5
[11:10] <+kosmipt> Exited all ES Long @ 835.50 --> - 1 «« simulator »»
[11:12] <@NihabaAshi> Long ES @ 835.75 -> small size
[11:12] <@NihabaAshi> 2 only
[11:12] <+kosmipt> Long ES @ 836 «« simulator »»
[11:14] <+kosmipt> Exited all ES Long @ 835 --> - 1 «« simulator »»
[11:14] <@NihabaAshi> Exited ES Long @ 834.00 --> - 1.75
[11:14] <@NihabaAshi> Reverse and Enter Short ES @ 834.00
[11:14] <+Nesi> exit stop set ES @ 838.00 «« simulator »»
[11:14] <+szubaark> damn missed Short@836
[11:14] <+kosmipt> Long ES @ 833.75 «« simulator »»
[11:15] <+kosmipt> Exited all ES Long @ 832 --> - 1.75 «« simulator »»
[11:17] <+kosmipt> Shorts ES @ 831.75 «« simulator »»
[11:17] <+Nesi> exit stop set ES @ 837.00 «« simulator »»
[11:20] <+kosmipt> Shorts ES @ 831.50 -> Add «« simulator »»
[11:23] <@NihabaAshi> Covered all ES Short @ 833.50 --> + 0.5
[11:23] <+kosmipt> Covered all ES Short @ 833.50 --> - 3.75 «« simulator »»
[11:26] <@NihabaAshi> Long ES @ 833.75 -> small size
[11:26] <@NihabaAshi> 3 only
[11:27] <@NihabaAshi>
[11:28] <@NihabaAshi> Exited all ES Long @ 834.50 --> + 0.75
[11:28] <@NihabaAshi> Lucky exit considering my analysis changed after entry...
[11:28] <@NihabaAshi> I think it's going to be a "weak counter-thrust" and will then retrace back downwards.
[11:29] <+pat255> y ...
[11:29] <+pat255> looks like all pops S
[11:33] <+kosmipt> Long ES @ 833.25 «« simulator »»
[11:52] <+codehead> 835.50 bounce high was .382 exact
[11:57] <+szubaark> Shorts ES @ 833.75 «« paper »»
[11:58] <+szubaark> Covered all Short ES at 832.25 --> + 1.5 «« paper »»
[11:58] <+Nesi> exit stop set ES @ 836.00 «« simulator »»
[12:11] <+Nesi> Covered all ES Short @ 834.00 --> + 7.5 «« simulator »»
[12:11] <+szubaark> nice
[12:24] <+codehead> 837.00 is .500, so bulls and bears stuggling with it
[12:24] <+codehead> i see a nice symmetry target at 840.25 is it can get thru there and 838.25 .618
[12:25] <+codehead> but i think it's stalled here
[12:30] <@NihabaAshi> Long ES @ 836.25 -> small size
[12:30] <@NihabaAshi> 2 only
[12:32] <@NihabaAshi> Exited ES Long @ 835.50 --> - 0.75
[12:32] <@NihabaAshi> Reverse and Enter Short ES @ 835.50
[12:35] <szubaark> mirc keeps disconnecting again
[12:36] <@NihabaAshi> Covered all ES Short @ 835.25 --> + 0.25
[12:40] <+kosmipt> Exited all ES Long @ 835.50 --> + 2.25 «« simulator »»
[12:40] <@NihabaAshi> Long ES @ 836.25 -> small size
[12:40] <@NihabaAshi> 3 only
[12:42] <+kosmipt> you gotta be kidding me
[12:43] <@NihabaAshi> sneaky little booger huh
[12:52] <+szubaark> Shorts ES @ 837 «« paper »»
[12:55] <@NihabaAshi> Exited all ES Long @ 837.25 --> + 1
[12:55] <+szubaark> exit stop set ES @ 838 «« paper »»
[12:55] <@NihabaAshi> lost my patience
[12:56] <+szubaark> Covered all Short ES at 838 --> - 1 «« paper »»
[12:56] <+szubaark> Buys ES @ 838 «« paper »»
[12:59] <+szubaark> exit stop moved to breakeven ES @ 838 «« paper »»
[12:59] <+szubaark> Exited all Long ES at 838 --> 0 «« paper »»
[13:02] <+szubaark> shook me out first (
[13:04] <+codehead> 09:24 codehead: i see a nice symmetry target at 840.25 is it can get thru there and 838.25 .618
[13:04] <+codehead> hit
[13:05] <+codehead> short 2c ES 840.25 <paper>
[13:05] <+codehead> just scalp
[13:05] <+codehead> short target 849.5
[13:05] <+codehead> 841.0 touch i look for exit
[13:07] <+codehead> exit half +.75 <paper>
[13:07] <+codehead> stop remainder b/e
[13:08] <+codehead> exit remainder +.5 <paper>
[13:09] <+szubaark> its doing its famous stairstep, tick by tick
[13:10] <+codehead> 841.5 is .618
[13:11] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @ viewforum.php?f=20
[13:11] <+codehead> tell me about it szu--i was long 3 ticks from the bottom, got 1 tick
[13:12] <+codehead> problem was... that third tick under my target entry was signal to scratch exit in my trading plan
[13:12] <+szubaark> shake outs are real bad lately
[13:12] <+codehead> 3 ticks ES is the limit a target is valid, so it was (barely) negated
[13:13] <+codehead> i was pretty sure if 835.50 (.382) broke, we'd see 840.25 symmetry
[13:19] <@NihabaAshi> Long ES @ 840.50 -> small size
[13:19] <@NihabaAshi> 2 only
[13:22] <+szubaark> its doing its famous shakeout now
[13:23] <+szubaark> Buys ES @ 841 «« paper »»
[13:24] <@NihabaAshi> Exited all ES Long @ 840.75 --> + 0.25
[13:24] <@NihabaAshi> Long ES @ 841.75 -> small size
[13:25] <@NihabaAshi> 1 only
[13:25] <@NihabaAshi> resistance between 841.75 - 840.75
[13:26] <+szubaark> Exited all Long ES at 841.50 --> + 0.5 «« paper »»
[13:26] <+szubaark> dont like this Price Action]
[13:28] <@NihabaAshi> Exited ES Long @ 843.50 --> + 1.75
[13:29] <@NihabaAshi> I was playing very conservative on those trades...a few early outs to lock in some profit because I was close to my profit goal for the trading day.
[13:29] <@NihabaAshi> Now I'm over the top I can relax and not be impatient.
[13:30] <+szubaark> we came down a lot faster then we going up
[13:30] <+szubaark> was your Long@841.75 Intutition?
[13:31] <@NihabaAshi> Yeah...it's that slow creeper uptrend in the afternoon trading session we've been seeing the past few months.
[13:31] <@NihabaAshi> shallow pullbacks et cetera
[13:40] <+kosmipt> Shorts ES @ 843 «« simulator »»
[13:40] <+codehead> short 1c ES 843.0 <paper>
[13:40] <+codehead> i have a higher symmetry target, and rela short at 849.5
[13:40] <+codehead> symmetry at 846.25
[13:41] <+codehead> so not giving this a lot of room of contracts, even on paper
[13:41] <+codehead> 840.75 a target
[13:41] <+kosmipt> Covered all ES Short @ 842 --> + 1 «« simulator »»
[13:48] <+codehead> exit ES +2.00 <paper>
[13:48] <+codehead> 840.25 i think tho
[13:48] <+codehead> at least
[13:48] <+kosmipt> nice
[13:48] <+codehead> but 840.75 as mentioned earlier was first target
[13:57] <+codehead> 10:47 codehead: 840.25 i think tho
[13:57] <+codehead> touched it exactly
[14:05] <@NihabaAshi> Crazy story about Bernanke and Paulson...
[14:05] <@NihabaAshi> http://www.youtube.com/watch?v=QE2DmSkCIGk
[14:06] <@NihabaAshi> http://dealbreaker.com/2009/04/ken-lewi ... -berna.php
[14:06] <@NihabaAshi> http://online.wsj.com/article/SB124045610029046349.html
[14:07] <@NihabaAshi> Bernanke and Paulson starting to look like Mobsters
[14:08] <@NihabaAshi> Ken Lewis should get security (body guards) or else he'll end up like the CFO from Freddie Mac that killed himself.
[14:26] <+szubaark> Buys ES @ 841.50 «« paper »»
[14:32] <@NihabaAshi> I've posted some quick info about the Bernanke and Paulson story at this link...
[14:32] <@NihabaAshi> http://www.thestrategylab.com/tsl/forum ... f=48&t=151
[14:36] <+Nesi> Shorts ES @ 842.50 «« simulator »»
[14:39] <+szubaark> Tightening Stop
[14:39] <+Nesi> Covered all ES Short @ 844.00 --> - 1.5 «« simulator »»
[14:40] <+kosmipt> nice szu
[14:40] <+kosmipt> price action very bullish
[14:40] <+szubaark> Exited all Long ES at 845.25 --> + 3.75 «« paper »»
[14:41] <+codehead> 10:40 codehead: symmetry at 846.25
[14:41] <+codehead> close
[14:41] <+szubaark> thanx.. im not trying to get cute today so happy
[14:42] <+kosmipt> great job
[14:42] <+Nesi> Shorts ES @ 845.00 «« simulator »»
[14:46] <+codehead> shorted 846.00 but took a tick when it went 3 ticks above 846.25 target
[14:47] <+codehead> admittedly, that is very tight, but i have ss order 849.5, and don't want to get into mind games about whether to take a loss on the 846 order or add at 849.5
[14:48] <+codehead> sadly, that means i've made 4 1-tick trades today--two tapped the 3-tick limit to signal scratch exit, one 2c trade i just plain got impatient
[14:50] <+Nesi> Covered all ES Short @ 846.00 --> - 1 «« simulator »»
[14:51] <+Nesi> Shorts ES @ 845.50 «« simulator »»
[14:52] <+codehead> earlier peaks (pre-mkt) at 847.0, 848.0, 847.0 before it sold off
[14:52] <+codehead> so resistance this area
[14:55] <+codehead> suspicious being hod and top of hour coming up
[14:59] <+codehead> 841.75 symmetry target
[15:02] <Nesi> exit stop set ES @ 846.00 «« simulator »»
[15:03] <+Nesi> exit stop set ES @ 845.00 «« simulator »»
[15:14] <+codehead> 835.75 is a nice symmetry
[15:17] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @ viewforum.php?f=20
[15:20] <+Nesi> exit stop set ES @ 842.00 «« simulator »»
[15:21] <+codehead> 837.25 is .618
[15:22] <@NihabaAshi> Take care all...I'm done for the day.
[15:22] <@NihabaAshi> NihabaAshi_away
[15:22] <+Nesi> bye wrbtrader
[15:22] * NihabaAshi is now known as NihabaAshi_away
[15:22] <+codehead> cya wrbtrader
[15:23] <+codehead> long 2c ES 837.0 <paper>
[15:23] <+codehead> on touch of 836.5 i look for exit
[15:23] <+codehead> exit +1.25 half ES <paper>
[15:24] <+codehead> if it break down, 835.75 next
[15:25] <+codehead> exit remainder +2.25 <paper>
[15:32] <+codehead> bounce was .382 plus a tick
[15:33] <+Nesi> Exited all ES Long @ 841.00 --> + 9.25 «« simulator »»
[15:34] <+szubaark> nice
[15:35] <+kosmipt> nice
[15:35] <+Nesi> thanks
[15:35] <+szubaark> good
[15:36] <+kosmipt> Long ES @ 840 «« simulator »»
[15:37] <+szubaark> could get Choppy here..also late in day
[15:38] <+kosmipt> Exited all ES Long @ 839.50 --> - 0.5 «« simulator »»
[15:38] <+kosmipt> very choppy action
[15:39] <+kosmipt> Long ES @ 839.50 «« simulator »»
[15:39] <+kosmipt> trying again
[15:41] <+szubaark> Buys ES @ 841.25 «« paper »»
[15:41] <+kosmipt> will try for 843.50
[15:42] <+szubaark> Exited all Long ES at 840.25 --> - 1 «« paper »»
[15:42] <+kosmipt> still very choppy with little follow thru
[15:43] <+kosmipt> out
[15:43] <+szubaark> Buys ES @ 843.25 «« paper »»
[15:43] <+kosmipt> Exited all ES Long @ 843.50 --> + 4 «« simulator »»
[15:44] <+codehead> nice call
[15:44] <+szubaark> nice..i had good entry but got out didnt like action
[15:45] <+kosmipt> thx, re-entering after scratch was a hard part
[15:45] <+szubaark> lets see if we get another push up
[15:45] <+szubaark> exit stop moved to breakeven ES @ 843.25 «« paper »»
[15:48] <+kosmipt> later I was too aggressive when I shouldn't and was adding 2nd contract very often, probably will stick to single contract
[15:48] <+szubaark> Exited all Long ES at 843.50 --> + 0.25 «« paper »»
[15:49] <+szubaark> ok, im done, this action is getting too weird for me
[15:49] <+kosmipt> or probably will use very tight stop on 2 nd contract if the idea of adding isn't working right away
[15:52] <+Nesi> Long ES @ 847.00 «« simulator »»
[15:54] <+kosmipt> wow, breaking highs
[15:54] <+Nesi> Exited all ES Long @ 849.00 --> + 2 «« simulator »»
[16:00] <+codehead> shorted 849.5 as i mentioned earlier, but had ot set a stop and took +1.00 when it hit--have an appointment to get to
[16:01] <+kosmipt> gn all
[16:03] <+codehead> cya guys
[16:04] <+codehead> i didn't make much today, but my entries were impeccable--lol
[16:04] <+codehead> long 3 ticks form lod, short 4 ticks from earlier hod, short 2 ticks form hod
[16:21] * codehead is now known as codehead_afk

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