Session Start: Wed Apr 29 09:30:23 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] <rickf> .
[09:30] <kosmipt> Long ES @ 859.50 «« simulator »»
[09:33] <+kosmipt> Exited all ES Long @ 860 --> + 0.5 «« simulator »»
[09:34] <@NihabaAshi> Don't forget...today is FOMC Announcement @ 2:15pm est
[09:34] * Looking up LP user info...
[09:34] <pat255> y N thks
[09:36] <+rickf> thx ... mightbe a boring range-bound day until 1415
[09:40] <szubaark> Buys ES @ 862.50 «« paper »»
[09:44] <+szubaark> exit stop set ES @ 860.50 «« paper »»
[09:50] <+kosmipt> Shorts ES @ 862.75 «« simulator »»
[09:50] <+szubaark> 865 Target,well see
[09:51] <+kosmipt> we may test those 872+ highs today after the announcement
[09:51] <+szubaark> exit stop set ES @ 861.75 «« paper »»
[09:52] <+kosmipt> Covered all ES Short @ 863 --> - 0.25 «« simulator »»
[09:52] <+szubaark> this should just creep until the announcment
[09:52] <+szubaark> PATIENCE will be key in any trade
[09:53] <+kosmipt> Long ES @ 864 «« simulator »»
[09:53] <+szubaark> Tightening Stop
[09:56] <+kosmipt> Exited all ES Long @ 864.25 --> + 0.25 «« simulator »»
[09:59] <+szubaark> exit stop set ES @ 863.25 «« paper »»
[10:01] <+szubaark> Exited all Long ES at 864.50 --> + 2 «« paper »»
[10:06] <pdays> Shorts TF @ 479.2
[10:07] <+szubaark> 850-865 is the Range until after the FOMC announcment, with Fake breakouts in between
[10:07] <+pdays> Covered all TF Short @ 478.9 --> + 0.3
[10:07] <+kosmipt> Shorts ES @ 864 «« simulator »»
[10:08] <+kosmipt> Covered all ES Short @ 863.50 --> + 0.5 «« simulator »»
[10:08] <ItalianSharp> szu, you are giving the pre-FOMC price action way too wiggle room...15 ES pts would be a dream to play with before FOMC
[10:08] <+ItalianSharp>
[10:08] <+ItalianSharp> 8-10 pt range max IMO
[10:08] <+szubaark> I mean for the week, they contained it in that Range, not just day..sorry for sounding confusing
[10:09] <@NihabaAshi> Long ES @ 864.00 -> medium size
[10:09] <@NihabaAshi> 4 only
[10:09] <+szubaark> for now, im not touching this til after the FOMC MAYBE
[10:10] <+pat255> fed has no bullets left except talk ..rates already 0
[10:11] <+ItalianSharp> pat, their words can be just as powerful
[10:11] <+pat255> y IT
[10:11] <drt> l es 63.25
[10:11] <+ItalianSharp> i know someone who's been averaging up a short trade in ES...from 750 all the way to current levels...
[10:12] <+ItalianSharp> his blowout stoploss is ES 950
[10:12] <+kosmipt> Long ES @ 864 «« simulator »»
[10:12] <+ItalianSharp> if ES ticks 950....he loses over $1M
[10:12] <+ItalianSharp> that story alone makes me wonder whether we'll get a retracement or keep creeping up
[10:12] <+ItalianSharp> until all shorts bleed to death
[10:12] <@NihabaAshi> Exited all ES Long @ 863.50 --> - 0.5
[10:13] <+ItalianSharp> everyone and their mother is expecting a retracement, even my electrician the other day said: i am not chasing stocks, will wait until they come down a little
[10:13] <+ItalianSharp>
[10:13] <+szubaark> yes, Retail waititng for that textbook lower re-test, but we just keep creeping high
[10:14] <+szubaark> when No One is talking about stocks is time to buy and when everyone and their grandmother is talking its time to SELL
[10:15] <@NihabaAshi> Long ES @ 864.50 -> medium size
[10:16] <@NihabaAshi> 4 only
[10:16] <+drt> cl es 64,25
[10:17] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20[10:17] <+kosmipt> Exited all ES Long @ 864.25 --> + 0.25 «« simulator »»
[10:18] <+rickf> me too - my equity account is hedged slightly bearish @ the moment, but i'm not putting cash to work until i see a pullback
[10:19] <@NihabaAshi> Exited 3/4 ES Long @ 865.50 --> + 1
[10:19] <+rickf> short es 865.50
[10:23] * codehead_afk is now known as codehead
[10:23] <+rickf> out 66,50 -1
[10:26] <+kosmipt> 872. my friends
[10:26] <+kosmipt> who cares about swine flu
[10:27] * Looking up szubaark user info...
[10:30] <+rickf> short es 868
[10:30] <+kosmipt> OIL #
[10:31] <+rickf> yah
[10:36] <+rickf> out 67.50 +.50
[10:37] <+rickf> 1 for 1 on counter-trending. meaning, i'll stick with what works
[10:39] <+rickf> plus i forgot about the oil # at 1030
[10:42] <winmax60> Long ES @ 869 -> small size «« simulator »»
[10:44] <@NihabaAshi> Exited Remainder ES Long @ 870.75 --> + 6.25
[10:44] <+winmax60> Exited all ES Long @ 870 --> + 1 «« simulator »»
[10:44] <+kosmipt> niiiiice
[10:45] <+szubaark> good
[10:52] <+rickf> vn
[10:53] <+pat255> seems nothing left for the fomc?
[10:58] <+winmax60> Long ES @ 869 -> small size «« simulator »»
[11:02] <+winmax60> Exited all ES Long @ 869.25 --> + 0.25 «« simulator »»
[11:13] <+kosmipt> Long ES @ 868.50 «« simulator »»
[11:15] <+kosmipt> Exited all ES Long @ 868.50 --> 0 «« simulator »»
[11:20] <+winmax60> Long ES @ 869.25 -> small size «« simulator »»
[11:22] <+winmax60> Exited all ES Long @ 871.25 --> + 2 «« simulator »»
[11:27] <@NihabaAshi> Travel agency business must suck in Mexico
[11:27] <+pat255> y surprise so many people go ther
[11:28] <@NihabaAshi> Lots of destination warnings about Mexico up here in Canada at travel agencies.
[11:28] <@NihabaAshi> some refuse to book flights to Mexico unless it's an emergency
[11:30] <@NihabaAshi> My kid daycare and my other kid's school sent out letters to ALL parents to contact school officials if any children has travel too Mexico in the past 4 months or plan to travel in the future.
[11:31] <@NihabaAshi> We all know how clean kids are
[11:36] <+pat255> imagine high school kids from NY enttitled to spring break ...lol
[11:37] <+pat255> they went to mexico ..so now they suffer
[11:37] <+pat255> kids in US spoiled ...no restraint on them
[11:40] <+rickf> hey i did spring break in acapulco in 1992
[11:42] <+pat255> wonder what is left for fomc?
[12:07] <@NihabaAshi> Long ES @ 870.00 -> small size
[12:07] <@NihabaAshi> 1 only
[12:09] <@NihabaAshi> Exited ES Long @ 869.00 --> - 1
[12:10] <@NihabaAshi> Shorts ES @ 868.50 -> small size
[12:10] <@NihabaAshi> 2 only
[12:12] <@NihabaAshi> darn support level showed up.
[12:12] <@NihabaAshi> It's weak but may gather confidence amongst the Longs
[12:17] <@NihabaAshi> Covered ES Short @ 869.00 --> - 0.5
[12:23] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20[13:03] <@NihabaAshi> Long ES @ 869.50 -> small size
[13:03] <@NihabaAshi> 2 only
[13:25] <@NihabaAshi> Exited all ES Long @ 872.50 --> + 3
[13:25] <+pat255> vn
[14:09] <+rickf> fomc 5 mins
[14:14] <+szubaark> lets ee if they spike down to get Stops below first
[14:17] <+kosmipt> Long ES @ 871 «« simulator »»
[14:17] <+kosmipt> Exited all ES Long @ 876 --> + 5 «« simulator »»
[14:17] <+szubaark> nice
[14:18] <+rickf> vn
[14:18] <+kosmipt> thx
[14:18] <Nesi> Shorts ES @ 874.00 «« simulator »»
[14:18] <+Nesi> exit stop set ES @ 876.50 «« simulator »»
[14:18] <+kosmipt> now they'll start to read between the lines
[14:18] <+Nesi> exit stop set ES @ 875.00 «« simulator »»
[14:19] <+rickf> Federal Reserve Leaves Rates Unchanged; Economic Outlook Has Improved
[14:19] <+Nesi> exit stop moved to breakeven ES @ 874.00 «« simulator »»
[14:20] <+rickf>
http://federalreserve.gov/newsevents/pr ... 90429a.htm[14:22] <+Nesi> Covered all ES Short @ 874.00 --> 0 «« simulator »»
[14:23] <+rickf> bloomberg: fed says 6/19 biggest banks need cash
[14:23] <+szubaark> IB DOWN here
[14:23] <+Nesi> Shorts ES @ 871.50 «« simulator »»
[14:24] <@NihabaAshi> Long ES @ 871.00 -> small size
[14:24] <@NihabaAshi> 2 only
[14:24] <+szubaark> frikin IB went down right after the announcment
[14:24] <+rickf>
[14:25] <@NihabaAshi> trailing stop @ profit
[14:25] <+kosmipt> nice support at 870
[14:27] <@NihabaAshi> trade error
[14:28] <@NihabaAshi> but I'm still keeping it
[14:28] <@NihabaAshi> Exited all ES Long @ 873.00 --> + 2
[14:29] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20[14:32] <+Nesi> Covered all ES Short @ 875.00 --> - 3.5 «« simulator »»
[14:33] <@NihabaAshi> Long ES @ 876.00 -> small size
[14:33] <@NihabaAshi> 1 only
[14:33] <@NihabaAshi> chasing
[14:33] <@NihabaAshi> No entry @ 875.00
[14:34] <+kosmipt> nice
[14:34] <@NihabaAshi> trailing stop @ profi
[14:35] <+rickf> nice little spike there
[14:35] <+Nesi> vn
[14:37] <+Nesi> Shorts ES @ 877.00 «« simulator »»
[14:37] <+Nesi> exit stop set ES @ 879.50 «« simulator »»
[14:42] <@NihabaAshi> Exited ES Long @ 876.50 --> + 0.5
[14:45] <+kosmipt> 877 buy stop
[14:47] <@NihabaAshi> Long ES @ 874.75 -> small size
[14:47] <@NihabaAshi> 1 only
[14:47] <@NihabaAshi> Long ES @ 875.25 -> Add
[14:47] <@NihabaAshi> 1 add
[14:48] <+kosmipt> cancelling my buy stop
[14:48] <@NihabaAshi> Exited ES Long @ 873.50 --> - 1.25
[14:48] <@NihabaAshi> Reverse and Enter Short ES @ 873.50
[14:48] <@NihabaAshi> 3 contracts
[14:49] <+rickf> long es 873
[14:52] <@NihabaAshi> Covered all ES Short @ 872.75 --> + 3.25
[14:52] <+Nesi> exit stop moved to breakeven ES @ 877.25 «« simulator »»
[14:53] <@NihabaAshi> script math is incorrec
[14:53] <@NihabaAshi> +0.75
[14:54] <+kosmipt> Long ES @ 873 «« simulator »»
[14:54] <+rickf> out 873.25 +.25
[14:54] <+rickf>
[14:54] <+kosmipt> Exited all ES Long @ 872.50 --> - 0.5 «« simulator »»
[14:55] <+rickf> well not really, at least i managed it well
[14:55] <+pat255> y vn rick
[14:55] <+rickf> ty
[14:55] <+kosmipt> Long ES @ 872.25 «« simulator »»
[14:55] <+kosmipt> trying to pick a bottom here
[14:56] <+kosmipt> Long ES @ 872.75 -> Add «« simulator »»
[14:57] <+kosmipt> 874 first tgt
[14:59] <+kosmipt> Exited 1/2 ES Long @ 872.25 --> - 0.5 «« simulator »»
[15:00] <+rickf> long es 873.25
[15:00] <+kosmipt> Exited Remainder ES Long @ 873 --> + 0.75 «« simulator »»
[15:00] <+szubaark> these breakouts are dangerous, it looks strong then sellers come in and hit Stops
[15:02] <+kosmipt> looking for another volatility spike
[15:04] <+kosmipt> Shorts ES @ 874 «« simulator »»
[15:06] <+kosmipt> Covered all ES Short @ 873.75 --> + 0.25 «« simulator »»
[15:06] <+rickf> exit 873.75 +.50
[15:06] <+rickf> aaand will it rise now that i'm out?
[15:06] <+rickf>
[15:07] <+rickf> pshew....better to be out with a few ticks than get killed in the chop
[15:07] <+kosmipt> golden words
[15:07] <+rickf> painful lessons
[15:07] <+szubaark> chop has to be the biggest account killer
[15:08] <+rickf> not recgonizing it sure is
[15:08] <+szubaark> yea thats the tricky part, it only comes with Experience
[15:08] <+rickf> you said it
[15:08] <+kosmipt> Shorts ES @ 872.50 «« simulator »»
[15:09] <+kosmipt> Shorts ES @ 872 -> Add «« simulator »»
[15:09] <+szubaark> dont forget, good signals also happen in Chop
[15:09] <+rickf> yeah
[15:09] <+kosmipt> Covered 1/2 ES Short @ 872.75 --> - 0.75 «« simulator »»
[15:10] <+kosmipt> Covered Remainder ES Short @ 873 --> - 0.5 «« simulator »»
[15:10] <+rickf> tho i will sit a signal out until i see the trend develop ... or at least try to
[15:10] <+rickf> signals during chop = deadly
[15:14] * NihabaAshi is now known as NihabaAshi_away
[15:16] <+szubaark> CHOP ALERT
[15:16] <+rickf> vol just died since 1445 or so
[15:17] <+kosmipt> stay away from this crap
[15:17] <+rickf> amen
[15:18] <+szubaark> i got caught in this type of crap yersturday
[15:18] <+szubaark> started reversing like a Mad Man
[15:28] <+rickf> long es 868
[15:28] <ItalianSharp> looks like they are trying to roll over into the close
[15:30] <+rickf> exit es 868.50 +.50
[15:30] <+ItalianSharp> gap fill as final target for this drop? that would catch many bulls off guard
[15:31] <+rickf> still looking ong
[15:31] <+rickf> long
[15:31] <+ItalianSharp> volatility has shifted from up to down
[15:31] <+ItalianSharp> doesnt look like a retracement to me
[15:31] <+ItalianSharp> if it is, its a hell of a volatile retracement
[15:31] <+ItalianSharp>
[15:31] <+rickf>
[15:32] <+rickf> long es 867.75 1 ct
[15:32] <+Nesi> Covered all ES Short @ 868.00 --> + 9 «« simulator »»
[15:32] <+Nesi> finally got one
[15:32] <+szubaark> good
[15:32] <+kosmipt> nice
[15:32] <+Nesi> after several mistakes
[15:34] <+codehead> ES hit within a tick of .618 retracement
[15:34] <+kosmipt> Long ES @ 869 «« simulator »»
[15:35] <+rickf> exit es 869 +1.25
[15:36] <+szubaark> vg
[15:36] <+rickf> thx wtg nesi
[15:37] * NihabaAshi_away is now known as NihabaAshi
[15:38] <+kosmipt> Exited all ES Long @ 869 --> 0 «« simulator »»
[16:16] <+rickf> ok guys -- have a good evening
[16:16] <@NihabaAshi> That's a wrap boys...take care and see all tomorrow.
[16:17] <@NihabaAshi> I'm expecting a big trading day tomorrow with all the global stuff going on.
[16:17] * NihabaAshi is now known as NihabaAshi_away
[16:32] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20[18:38] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20Session Close: Wed Apr 29 19:42:07 2009
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