##TheStrategyLab Price Action Chat Room Logs

Session Start: Tue Apr 21 00:00:00 2009
Session Ident: #futurestrades
[07:51] <rickf>
[09:10] * Reno-Away is now known as Reno
[09:14] * Forex2stay_Away is now known as Forex2stay
[09:17] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @ viewforum.php?f=20
[09:19] <@NihabaAshi_away> Shorts ES @ 824.50 -> small size
[09:19] <@NihabaAshi_away> 2 only
[09:24] * NihabaAshi_away is now known as NihabaAshi
[09:32] <kosmipt>
[09:32] <drt> everyone
[09:32] <+kosmipt> Long ES @ 824.50 «« simulator »»
[09:32] <@NihabaAshi> Shorts ES @ 824.00 -> Add
[09:33] <@NihabaAshi> added 3 for a total of 5 contracts
[09:33] <+Reno> Shorts ES @ 823.75 «« paper »»
[09:33] <+Reno> following trendline nicely, see what happens
[09:35] <+kosmipt> Long ES @ 824.75 -> Add «« simulator »»
[09:35] <@NihabaAshi> Covered all ES Short @ 824.75 --> - 1
[09:35] <+Reno> Covered all ES Short @ 825 --> - 1.25 «« paper »»
[09:35] <+Reno> so much for that idea
[09:36] <+drt> s es 25
[09:36] <+kosmipt> Exited 1/2 ES Long @ 825.50 --> + 0.75 «« simulator »»
[09:37] <+kosmipt> Exited Remainder ES Long @ 825.75 --> + 1.25 «« simulator »»
[09:37] <+Reno> Shorts ES @ 825.50 «« paper »»
[09:38] <+drt> cs es 25.25
[09:39] <@NihabaAshi> Long ES @ 824.50 -> medium size
[09:39] <@NihabaAshi> correction
[09:39] <+Reno> Covered all ES Short @ 827.25 --> - 1.75 «« paper »»
[09:39] <@NihabaAshi> Long ES @ 826.50 -> medium size
[09:39] <@NihabaAshi> 4 only
[09:40] <+kosmipt> nice
[09:40] <pdays> Long TF @ 450.8
[09:41] <+pdays> Exited all TF Long @ 454.0 --> + 3.2
[09:42] <szubaark> nice
[09:42] <+kosmipt> i was buying at the lows, had a plan to stick for the gap fill, but panicked out as soon as I saw the profit
[09:42] <+kosmipt> nice guys
[09:42] <+Reno> nice trade
[09:43] <+pdays> didn't want to ride the pull back..may turn here
[09:45] <+Reno> this is a nice move, wish I would have caught it
[09:45] <@NihabaAshi> Exited ES Long @ 829.00 --> + 2.5
[09:45] <@NihabaAshi> Reverse and Enter Short ES @ 829.00
[09:45] * codehead_afk is now known as codehead
[09:45] <+kosmipt> Long ES @ 829.25 «« simulator »»
[09:46] <@NihabaAshi> Covered ES Short @ 829.75 --> - 0.75
[09:46] <@NihabaAshi> Reverse and Enter Long ES @ 829.75
[09:46] <+Reno> Long ES @ 830 «« paper »»
[09:47] <@NihabaAshi> Exited all ES Long @ 829.25 --> - 0.5
[09:47] <+Reno> Exited all ES Long @ 828.25 --> - 1.75 «« paper »»
[09:48] <+szubaark> Shorts ES @ 828 «« paper »»
[09:48] <+drt> l es 28
[09:49] <+kosmipt> Long ES @ 828.25 -> Add «« simulator »»
[09:50] <@NihabaAshi> Shorts ES @ 828.00 -> medium size
[09:50] <@NihabaAshi> 4 only
[09:51] <+Reno> Shorts ES @ 829 «« paper »»
[09:51] <+szubaark> Covered all Short ES at 829.50 --> - 1.5 «« paper »»
[09:51] <@NihabaAshi> Covered all ES Short @ 829.25 --> - 1.25
[09:52] <+drt> cl es 29.50
[09:52] <@NihabaAshi> It's too soon for them to play "tight range pin ball" over the last 10mins
[09:52] <+kosmipt> Exited 1/2 ES Long @ 830 --> + 1.75 «« simulator »»
[09:52] <+Reno> Covered all ES Short @ 830.25 --> - 1.25 «« paper »»
[09:52] <+kosmipt> 833 final tgt
[09:52] <@NihabaAshi> Long ES @ 830.25 -> medium size
[09:52] <+kosmipt> for the gap fill
[09:54] <+Reno> Long ES @ 830 «« paper »»
[09:55] <@NihabaAshi> Exited all ES Long @ 831.00 --> + 0.75
[09:56] <+kosmipt> Exited Remainder ES Long @ 829.5 --> + 0.25 «« simulator »»
[09:58] <+Reno> Exited all ES Long @ 829 --> - 1 «« paper »»
[09:59] <+drt> l es 29.25
[10:00] <+Reno> Shorts ES @ 829.50 «« paper »»
[10:01] <+drt> cl es 29.50
[10:02] <+szubaark> Shorts ES @ 828.50 «« paper »»
[10:05] <+Reno> Shorts ES @ 827 -> Add «« paper »»
[10:06] <+szubaark> Covered all Short ES at 826.75 --> + 1.75 «« paper »»
[10:08] <+kosmipt> geithner to speak
[10:10] <+Reno> Covered all ES Short @ 828.75 --> - 1 «« paper »»
[10:12] <+Reno> Shorts ES @ 827.50 «« paper »»
[10:12] <+szubaark> so far its flashback to yersturday
[10:16] <+szubaark> Shorts ES @ 826.25 «« paper »»
[10:17] <+codehead> long ES 826.5 <paper>
[10:17] <+codehead> 2c only
[10:17] <+codehead> stop 825.75 touch
[10:18] <+codehead> exit 1c +1.25 <paper>
[10:20] <@NihabaAshi> Shorts ES @ 826.75 -> small size
[10:20] <@NihabaAshi> 3 only
[10:21] <+codehead> exit flat remainder <paper>
[10:23] <@NihabaAshi> Covered all ES Short @ 826.25 --> + 0.5
[10:23] <@NihabaAshi> another day of trading for ticks
[10:24] <+szubaark> and having patience of a Saint
[10:24] <+Reno> something I am lacking today
[10:25] <+szubaark> im not setup for scalping for ticks, meaning the "pro" scalpers have a huge advantage with their T1+ Lines and faster computers
[10:27] <+szubaark> exit stop moved to breakeven ES @ 826.25 «« paper »»
[10:29] <+codehead> FIOS pretty cheap, szu--about $50/mo, faster than T1
[10:29] <+szubaark> Covered all Short ES at 826.25 --> 0 «« paper »»
[10:29] <+szubaark>
[10:33] <+Reno> Shorts ES @ 825.50 -> Add «« paper »»
[10:38] <+Reno> Covered all ES Short @ 827.25 --> - 1.5 «« paper »»
[10:38] * Reno is now known as Reno-Away
[10:38] <+Reno-Away>
[10:45] <winmax60> Long ES @ 827 -> small size «« simulator »»
[10:46] <@NihabaAshi> Long ES @ 827.75 -> small size
[10:46] <@NihabaAshi> 1 only
[10:46] <@NihabaAshi> Exited ES Long @ 828.50 --> + 0.75
[10:49] <+rickf> all
[10:50] <+szubaark> hi rick
[10:50] <+rickf>
[10:50] <+winmax60> Exited all ES Long @ 828.25 --> + 1.25 «« simulator »»
[10:52] <+codehead> 828.75 is .618
[10:52] <+codehead> above it is bullish
[10:59] <Nesi> hi all
[11:02] <+codehead> 07:52 codehead: 828.75 is .618
[11:02] <+codehead> 07:52 codehead: above it is bullish
[11:02] <+codehead> tried to get in on pb, missed
[11:02] <+szubaark> me too but no real good setup,sneaky
[11:23] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @ viewforum.php?f=20
[11:29] <@NihabaAshi> Since 11am est...Gold getting hit
[11:30] <+szubaark> Shorts ES @ 835.25 «« paper »»
[11:41] <+rickf> giether done
[11:42] <+kosmipt> Long ES @ 835.25 «« simulator »»
[11:43] <+szubaark> Covered all Short ES at 836.50 --> - 1.25 «« paper »»
[11:44] <@NihabaAshi> Long ES @ 836.25 -> small size
[11:45] <@NihabaAshi> 1 only
[11:46] <+szubaark> Buys ES @ 837 «« paper »»
[11:47] <@NihabaAshi> Exited ES Long @ 837.25 --> + 1
[11:48] <+rickf> short es 837.75
[11:49] <+szubaark> Exited all Long ES at 838 --> + 1 «« paper »»
[11:49] <+kosmipt> Exited all ES Long @ 838.50 --> + 3.25 «« simulator »»
[11:49] <+szubaark> nice kos
[11:49] <+kosmipt> aand i'm done for the day
[11:49] <+kosmipt> more than pleased with my trading
[11:49] <+kosmipt> thanks szu
[11:50] <+szubaark> this bullish move and this range is catching everyone "off-guard" after yersturday's bearish move and big range
[11:53] <+rickf> exit es 837.25 +.50
[11:56] <+szubaark> Shorts ES @ 837 «« paper »»
[12:05] <+codehead> short 838.5 <paper>
[12:05] <+codehead> hard stop 840.25
[12:05] <+codehead> but 839.5 touch i'm looking for exit
[12:05] <+szubaark> Covered all Short ES at 839.25 --> - 2.25 «« paper »»
[12:05] <+szubaark> Buys ES @ 839.50 «« paper »»
[12:06] <+szubaark> Short was intuition
[12:07] <+codehead> exit flat ES <paper>
[12:11] <+szubaark> exit stop set ES @ 838 «« paper »»
[12:12] <+szubaark> Exited all Long ES at 838 --> - 1.5 «« paper »»
[12:12] <+szubaark> Shorts ES @ 838 «« paper »»
[12:46] <+codehead> 841.75 is .382 bounce (from friday top)
[12:47] <@NihabaAshi> Long ES @ 841.50 -> small size
[12:48] <@NihabaAshi> 2 only
[12:48] <+szubaark> frikin stairstep
[12:48] <+codehead> short ES 841.5 <paper>
[12:49] <+codehead> scalp only
[12:49] <+codehead> look for exit when 84.5 rouch
[12:49] <+codehead> 842.5
[12:50] <+codehead> exit ES +.75 <paper>
[12:52] <+codehead> short 1c ES 841.5 <paper>
[12:52] <+codehead> same stop
[12:53] <+codehead> exit ES flat <paper>
[12:53] <+codehead> maybe, but taking too long
[12:55] <+codehead> 841.75 is .382, if broken by more than a couple of ticks, picture is higher
[12:55] <+szubaark> amazing, we ran 16+ Points since last swing low with NO PULLBACK
[12:56] <@NihabaAshi> There's pullbacks...
[12:56] <+codehead> yeah, thank goodness ;-) but small
[12:56] <@NihabaAshi> Their just shallow or have very little or no trade opportunities.
[12:56] <+szubaark> yes not even giving "scalpers profit"
[12:57] <+codehead> i put short in at 838.00 at open, was able to get out with 3 ticks before it blew higher :-P
[12:57] <+codehead> and good thing i did
[12:57] <+codehead> .382 only got dented by 1 tick so far
[12:58] <+szubaark> this wedge is getting tighter and tighter, which way will it break?
[12:58] <+codehead> bears don't want to see .382 get broken
[12:58] <+codehead> .500 is at 847.5, and that'll be short
[12:58] <+codehead> i have order there already
[12:59] <@NihabaAshi> Exited ES Long @ 840.25 --> - 1.25
[12:59] <@NihabaAshi> Reverse and Enter Short ES @ 840.25
[12:59] <+codehead> ok, cci pulling back...
[12:59] <+szubaark> this price action is sucking in both Longs and Shorts
[13:00] <+codehead> fist serious down bar in the entire move
[13:00] <+szubaark> so they stopped at 842, code u got any levels there?
[13:02] <@NihabaAshi> Covered all ES Short @ 839.00 --> + 1.25
[13:05] <+codehead> 841.75 is .382, so that was the stopped
[13:05] <+codehead> stopper
[13:05] <+codehead> was clearly protected--in a bearish move, the bears want to reshort at .382
[13:06] <+codehead> in other words, a shallow bounce
[13:06] <+codehead> only beat it by 1 tick
[13:06] <+codehead> 3 ticks would be considered failure, for instance
[13:17] <@NihabaAshi> Shorts ES @ 839.75 -> small size
[13:17] <@NihabaAshi> 2 only
[13:21] <+codehead> 835 first significant pb target
[13:26] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @ viewforum.php?f=20
[13:27] <@NihabaAshi> Covered all ES Short @ 839.25 --> + 0.5
[13:28] <@NihabaAshi> Shorts ES @ 838.75 -> small size
[13:29] <@NihabaAshi> 3 only
[13:33] <@NihabaAshi> Covered all ES Short @ 837.50 --> + 1.25
[14:10] <+szubaark> Covered all Short ES at 839 --> - 1 «« paper »»
[14:15] <@NihabaAshi> Shorts ES @ 836.50 -> small size
[14:16] <@NihabaAshi> 2 only
[14:16] <@NihabaAshi> chasing
[14:17] <+rickf> long es 837
[14:18] <+Reno-Away> Shorts ES @ 836.75 «« paper »»
[14:18] <@NihabaAshi> Covered ES Short @ 837.00 --> - 0.5
[14:18] <@NihabaAshi> Reverse and Enter Long ES @ 837.00
[14:20] <@NihabaAshi> I see a tight range forming
[14:20] <+szubaark> tight range after tight range
[14:20] <@NihabaAshi> Exited all ES Long @ 836.50 --> - 0.5
[14:20] <@NihabaAshi> getting out
[14:21] <+rickf> out 837 b/e
[14:21] <+rickf>
[14:21] <@NihabaAshi> volatility declining fast
[14:24] <+szubaark> Buys ES @ 837.50 «« paper »»
[14:26] <+rickf> pelosi calling for major wall street probe
[14:26] <+rickf> http://www.bloomberg.com/apps/news?pid= ... refer=home
[14:27] <@NihabaAshi> Shorts ES @ 836.50 -> small size
[14:27] <@NihabaAshi> 3 only
[14:27] <+Reno-Away> pelosi, my favorite
[14:27] <+Reno-Away> Covered all ES Short @ 838 --> - 1.25 «« paper »»
[14:29] <+Reno-Away> Shorts ES @ 838 «« paper »»
[14:29] <+szubaark> Exited all Long ES at 838.50 --> + 1 «« paper »»
[14:30] <+szubaark> just scalp til we get out of this Tight,Choppy range
[14:30] <@NihabaAshi> Covered ES Short @ 838.75 --> - 2.25
[14:30] <@NihabaAshi> Reverse and Enter Long ES @ 838.75
[14:30] <+Reno-Away> Covered all ES Short @ 839.75 --> - 1.75 «« paper »»
[14:31] <+szubaark> back to TOP of the range
[14:36] <@NihabaAshi> Exited all ES Long @ 841.50 --> + 2.75
[14:37] <+rickf> short es 841.25
[14:40] <PeterPanBoy> Shorts ES @ 841 «« testing »»
[14:40] <+PeterPanBoy> good afternoon all
[14:41] <+rickf> exit 841 +.25
[14:41] <+rickf>
[14:43] <+szubaark> this market is so tight lately, only gives u 1-2 ticks for error
[14:43] <+PeterPanBoy> Covered 1/2 ES Short @ 840.5 --> + 0.5 «« testing »»
[14:46] <+PeterPanBoy> Covered Remainder ES Short @ 840.75 --> + 0.25 «« testing »»
[14:46] <+Reno-Away> Long ES @ 841.50 «« paper »»
[14:48] <+PeterPanBoy> Shorts ES @ 841.5 «« testing »»
[14:48] <+PeterPanBoy> Covered 1/2 ES Short @ 841 --> + 0.5 «« testing »»
[14:51] <+PeterPanBoy> Covered Remainder ES Short @ 841.75 --> - 0.25 «« testing »»
[14:51] <+PeterPanBoy> sorry
[14:51] <+PeterPanBoy> Covered Remainder ES Short @ 840.75 --> + 0.75 «« testing »»
[14:52] <+Reno-Away> Exited all ES Long @ 840 --> - 1.5 «« paper »»
[14:52] <+PeterPanBoy> Shorts ES @ 840.75 «« testing »»
[14:53] <+PeterPanBoy> my view is for a down move
[14:53] <skeet> Shorts ES @ 839.50
[14:53] <+PeterPanBoy> Covered 1/2 ES Short @ 839.25 --> + 1.5 «« testing »»
[14:54] <+PeterPanBoy> Covered Remainder ES Short @ 840 --> + 0.75 «« testing »»
[14:56] <+skeet> Covered all ES Short @ 840.50 --> - 1
[14:58] <+rickf> last hour
[14:59] <+PeterPanBoy> yep
[15:01] <+PeterPanBoy> Shorts ES @ 839.5 «« testing »»
[15:01] <+PeterPanBoy> too late this entry..
[15:02] <+PeterPanBoy> Covered 1/2 ES Short @ 840 --> - 0.5 «« testing »»
[15:02] <+PeterPanBoy> Covered ES Short @ 840 --> - 0.5 «« testing »»
[15:02] <+PeterPanBoy> Reverse and Enter Long ES @ 840 «« testing »»
[15:03] <+PeterPanBoy> Exited 1/2 ES Long @ 840.75 --> + 0.75 «« testing »»
[15:04] <+PeterPanBoy> Exited Remainder ES Long @ 840.75 --> + 0.75 «« testing »»
[15:05] <+PeterPanBoy> last short have a remainder not reported before the reverse
[15:05] <+szubaark> Buys ES @ 841.25 «« paper »»
[15:05] <+PeterPanBoy> and produce a -0.5 @ 840
[15:06] <+PeterPanBoy> Shorts ES @ 840.75 «« testing »»
[15:07] <+PeterPanBoy> choppy and tight action
[15:08] <@NihabaAshi> Long ES @ 842.00 -> small size
[15:08] <+PeterPanBoy> Covered ES Short @ 841.25 --> - 0.5 «« testing »»
[15:08] <+PeterPanBoy> Reverse and Enter Long ES @ 841.25 «« testing »»
[15:08] <@NihabaAshi> 2 only
[15:08] <@NihabaAshi> trade error but I'm going to see how it pans out after the horrible entry.
[15:09] <+PeterPanBoy> for me it pays
[15:09] <+PeterPanBoy> ready to sell some...
[15:09] <+PeterPanBoy> Exited 1/2 ES Long @ 843.5 --> + 2.25 «« testing »»
[15:10] <+PeterPanBoy> when price action reverse is not easy reverse the trade and have a fast fill
[15:11] <@NihabaAshi> Exited all ES Long @ 844.50 --> + 2.5
[15:11] <+codehead> 845.5 is a resistance
[15:11] <+PeterPanBoy> i give it some room
[15:11] <+szubaark> Tightening Stop
[15:12] <+PeterPanBoy> Exited Remainder ES Long @ 844.5 --> + 3.25 «« testing »»
[15:12] <@NihabaAshi> first lucky trade result in about 4 trading days after an entry error
[15:12] <+PeterPanBoy> nice
[15:13] <+codehead> short 845.25 <paper>
[15:13] <+szubaark> Exited all Long ES at 845.25 --> + 4 «« paper »»
[15:13] <+PeterPanBoy> nice spike after break this resistence
[15:14] <+PeterPanBoy> I was lucky to be already long before that break and get a improved lower price
[15:14] <+codehead> exit +1.00 <paper>
[15:15] <+codehead> ES
[15:15] <+codehead> scalp level only
[15:15] <+PeterPanBoy> nice szubbark
[15:15] <+codehead> 847.5 is .500
[15:16] <+PeterPanBoy> umh...ready to short?
[15:17] <+codehead> i have order at 847.25
[15:17] <+PeterPanBoy> Shorts ES @ 846.5 «« testing »»
[15:18] <+szubaark> thanx
[15:18] <+PeterPanBoy> Covered 1/2 ES Short @ 846 --> + 0.5 «« testing »»
[15:18] <+PeterPanBoy> u w szuu
[15:19] <+PeterPanBoy> go down or i exit
[15:19] <+PeterPanBoy> umh..
[15:20] <+PeterPanBoy> Covered Remainder ES Short @ 846.25 --> + 0.25 «« testing »»
[15:20] <+PeterPanBoy> lost patience
[15:21] <+PeterPanBoy> Shorts ES @ 846 «« testing »»
[15:22] <+PeterPanBoy> Covered 1/2 ES Short @ 845.25 --> + 0.75 «« testing »»
[15:22] <+codehead> sigh, got within a tick of order, was in since early today so touch would have filled it
[15:22] <+PeterPanBoy> try to give more headroom
[15:23] <+PeterPanBoy> Covered Remainder ES Short @ 845 --> + 1 «« testing »»
[15:24] <+PeterPanBoy> not easy to stay long in a trade for me
[15:29] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @ viewforum.php?f=20
[15:30] <+PeterPanBoy> Long ES @ 843.75 «« testing »»
[15:31] <+PeterPanBoy> testing a long in a down trend
[15:31] <+PeterPanBoy> Exited 1/2 ES Long @ 844 --> + 0.25 «« testing »»
[15:31] <+PeterPanBoy> no room to play
[15:32] <+PeterPanBoy> Exited Remainder ES Long @ 843.75 --> 0 «« testing »»
[15:34] <+PeterPanBoy> Long ES @ 842.75 «« testing »»
[15:34] <+PeterPanBoy> same as before
[15:35] <+PeterPanBoy> Exited 1/2 ES Long @ 843.25 --> + 0.5 «« testing »»
[15:35] <+PeterPanBoy> Exited Remainder ES Long @ 843.5 --> + 0.75 «« testing »»
[15:37] <+PeterPanBoy> Long ES @ 842.25 «« testing »»
[15:37] <+PeterPanBoy> let see if this is a solid support
[15:38] <+PeterPanBoy> Exited 1/2 ES Long @ 842.75 --> + 0.5 «« testing »»
[15:39] <+PeterPanBoy> if not strong up i sell
[15:40] <+PeterPanBoy> have to break 843
[15:40] <+PeterPanBoy> go up baby
[15:40] <+PeterPanBoy> ok buyer show up
[15:40] <+PeterPanBoy> Exited Remainder ES Long @ 843.75 --> + 1.5 «« testing »»
[15:41] <+PeterPanBoy> now you can go without me
[15:45] <@NihabaAshi> Shorts ES @ 841.75 -> small size
[15:45] <@NihabaAshi> 1 only
[15:45] <@NihabaAshi> only looking for a few ticks
[15:45] <@NihabaAshi> Covered ES Short @ 841.00 --> + 0.75
[15:46] <+PeterPanBoy> Long ES @ 841.5 «« testing »»
[15:46] <+szubaark> you reached your Daily Profit Goal,wrbtrader?
[15:47] <+PeterPanBoy> Exited 1/2 ES Long @ 842.5 --> + 1 «« testing »»
[15:47] <@NihabaAshi> Yes...
[15:47] <@NihabaAshi> $500
[15:47] <+PeterPanBoy> good
[15:47] <+szubaark> Good job.
[15:47] <@NihabaAshi> thats my target for all this sucky price action for the past 2 months.
[15:47] <+PeterPanBoy> Exited Remainder ES Long @ 842.25 --> + 0.75 «« testing »»
[15:48] <+rickf> wow
[15:48] <+rickf> grats
[15:48] <+szubaark> nice Peter
[15:48] <@NihabaAshi> Meant 3 months it's been my target of $500 per trading day
[15:48] <+PeterPanBoy> thanks szu
[15:48] <+rickf> right
[15:49] <+PeterPanBoy> nihaba what you think is the reason behind this prive action?
[15:49] <+PeterPanBoy> sucky price action i mean
[15:49] <@NihabaAshi> Market Uncertainty!
[15:49] <+rickf> amen
[15:49] <@NihabaAshi> We had a major financial collapse...global.
[15:49] <+PeterPanBoy> yep same I think
[15:49] <@NihabaAshi> Markets now trying to find some footing.
[15:49] <+PeterPanBoy> yeah i was very scared in october
[15:50] <+rickf> problem was october was mostly a "short" bias .... now it's utter confusion i think
[15:50] <+szubaark> lets be Honest, next month or so it will act different again..its nature of the Beast
Session Close: Tue Apr 21 15:51:17 2009

Session Start: Tue Apr 21 15:51:17 2009
Session Ident: #futurestrades
[15:51] * Disconnected
[15:52] * Attempting to rejoin channel #futurestrades
[15:52] * Rejoined channel #futurestrades
[15:52] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[15:53] <+PeterPanBoy> this situation was clear from begining
[15:53] <@NihabaAshi> Had some connection problems
[15:53] <+PeterPanBoy> but almost nobody want face the true
[15:53] <+PeterPanBoy> i see
[15:53] <+rickf> honestly i have given up looking at charts beyond 1 day when trading futures
[15:53] <+rickf> stocks/options i still do
[15:54] <@NihabaAshi> This type of price action the past months will shake things up and continue to do so for another few years.
[15:54] <+PeterPanBoy> for me main concern was not market price but global finance world
[15:54] <+rickf> indeed
[15:54] <@NihabaAshi> It will weed out weak traders or traders that weren't really prepared to trade.
[15:55] <+PeterPanBoy> yeah nihaba shake expecially not skilled traders
[15:55] <@NihabaAshi> It will also get rid of the junk in Wall Street
[15:55] <+rickf> even when i scale into stock positions i am cutting my size per lot in half and then waiting for the volatility to tell me what's the next point to enter
[15:55] <+rickf> to do otherwise is suicide
[15:55] <+PeterPanBoy> eh nihaba we think the same
[15:55] <@NihabaAshi> Long ES @ 844.50 -> small size
[15:56] <@NihabaAshi> 2 only
[15:56] <+szubaark> Buys ES @ 845 «« paper »»
[15:56] <@NihabaAshi> chaser after missing my entry due to connection problems with my ISP
[15:57] <+PeterPanBoy> i noted your isp give some problem ...
[15:57] <@NihabaAshi> Exited all ES Long @ 845.75 --> + 1.25
[15:57] <+szubaark> Ill keep tight Stop on this since its late in day
[15:58] <+szubaark> exit stop moved to breakeven ES @ 845 «« paper »»
[15:58] <@NihabaAshi> Been having data problems or ISP problems the past 2 weeks...it's caused me to miss some good trade opportunities.
[15:58] <+szubaark> Exited all Long ES at 845.25 --> + 0.25 «« paper »»
[15:58] <@NihabaAshi> More problems in 2 weeks in comparison to the past 2 years together
[15:59] <+szubaark> im done..too late in day...
[15:59] <+PeterPanBoy> is it possible to change it?
[15:59] <@NihabaAshi> No...they got a monopoly here.
[16:00] <@NihabaAshi> However, I can drive 25mins away to my condo and trade via my dsl instead of cable.
[16:00] <+PeterPanBoy> dsl with same isp?
[16:01] <@NihabaAshi> No...different one
[16:01] <+rickf> hey wrbtrader, i'll give you a desk @ my office if you like
[16:01] <+PeterPanBoy> ok
[16:01] <@NihabaAshi> Yeah...done the trading desk office thing many years ago in the 90's...
[16:01] <+PeterPanBoy> eyh wrbtrader nice trade you wanna end well your day right?
[16:01] <@NihabaAshi> I'll pass
[16:02] <+rickf> < home office
[16:02] <+PeterPanBoy> yeh home office the best options
[16:02] <+PeterPanBoy> but not for lazy one
[16:02] <+rickf> you said it
[16:03] <+PeterPanBoy> infact when in home too many distraction
[16:03] * +rickf works for me - i live alone
[16:04] <+PeterPanBoy> last wrbtrader trade show fireworks
[16:04] <+rickf> i get fireworks across the river whenever the local baseball team wins
[16:04] <+rickf> (nyah nyah)
[16:04] <+szubaark> rick u got perfect setup for trading
[16:04] <+rickf> tho i must admit they're more and more rare these days -- not off to a good season i hear
[16:04] <+PeterPanBoy> important res here
[16:04] <+rickf>
[16:08] <+PeterPanBoy> Shorts ES @ 848.5 «« testing »»
[16:08] <+PeterPanBoy> long time for this fill..
[16:09] <+PeterPanBoy> Covered 1/2 ES Short @ 848 --> + 0.5 «« testing »»
[16:09] <+PeterPanBoy> last trade for the day for me
[16:10] <+PeterPanBoy> Covered Remainder ES Short @ 848 --> + 0.5 «« testing »»
[16:11] <+PeterPanBoy> i am tempted to short again but for today is enought
[16:12] <+rickf> you got 4 mins
[16:21] <+rickf> ok guys see you tomorrow
[16:44] <+PeterPanBoy> take care see you all tomorrrow
[17:35] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @ viewforum.php?f=20
[19:38] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @ viewforum.php?f=20

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