Note: The chat log below represents the free chat room called #FuturesTrades that's hosted by TheStrategyLab.com and any one can use the chat room to post their trades. Simply, we do not know what trading methods are being used by some members while others are using methods we ourselves don't use.
Our primary job in the chat room is to moderate the room (keep the peace) and to ensure it's a spam free chat room. More information about #FuturesTrades @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm
In contrast, our fee-base clients are discussing market analysis or trade signals via concepts from our strategies in the private chat rooms called #VolatilityTradingTSL or #SwingTradingTSL.------------------------
Session Start: Wed May 13 09:18:47 2009
Session Ident: #futurestrades
[09:18] * Now talking in #futurestrades
[09:18] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:23] <pat255>
all
[09:23] <LP>
all
[09:25] <stick2it>
guys
[09:27] <ItalianSharp>
[09:28] <jbuch> geithner is speaking
[09:28] <@NihabaAshi> Good morning all
[09:29] <palmer> good morning wrbtrader
[09:29] <+pat255> hi N
[09:29] <+jbuch> HE IS DONE
[09:30] <drt>
everyone
[09:35] <rickf>
[09:44] <Nesi> hi all
[09:44] <kosmipt>
[09:45] <+rickf> short es 889.50
[09:45] <+Nesi> still holding my position
[09:45] <+Nesi> to me... 850 looks like a magnet in few days..IMHO
[09:46] <+kosmipt> Long ES @ 889 «« simulator »»
[09:46] <+rickf> exit 888.75 +75
[09:46] <+ItalianSharp> Nesi, that's a possibility since trend seems to have changed
[09:46] <+ItalianSharp> short-term i mean
[09:47] <+Nesi> yeah..
[09:47] <+Nesi> also..i am pulling for your friend
[09:47] <+kosmipt> Exited all ES Long @ 888.25 --> - 0.75 «« simulator »»
[09:47] <+jbuch> Shorts SPY @ 89.39
[09:47] <+kosmipt> Long ES @ 889.50 «« simulator »»
[09:47] <+kosmipt> back in
[09:49] <+jbuch> Covered SPY Short @ 85.43 --> + 3.96
[09:49] <+jbuch> Reverse and Enter Long SPY @ 85.43
[09:50] <+jbuch> Exited all SPY Long @ 85.59 --> + 0.16
[09:50] <+drt> s es 90.75
[09:52] <+kosmipt> will try for 893
[09:53] <+kosmipt> Exited all ES Long @ 890.50 --> + 1 «« simulator »»
[09:53] <+kosmipt> nah
[09:54] <@NihabaAshi> Shorts ES @ 890.50 -> small size
[09:54] <@NihabaAshi> 1 only
[09:55] <+drt> cs es 90.25
[09:57] <jigglyhippo> Shorts ES @ 891.25
[09:57] <silo> short 8303
[09:58] <+jbuch> Long SPY @ 89.58
[09:59] <+silo> target lod
[10:00] <+jbuch> Exited all SPY Long @ 89.49 --> - 0.09
[10:01] <+jigglyhippo> Covered ES @ 890 -> + 1.25
[10:01] <@NihabaAshi> profit target reached...
[10:01] <@NihabaAshi> now the decision about the "greed"
[10:02] <+jigglyhippo> what was your target today wrbtrader?
[10:02] <+silo> i think ym and es should come down a bit more
[10:02] <+jbuch>
)
[10:02] <+silo> es 888.11 perhaps
[10:03] <@NihabaAshi> jiggly...I never now until the trade develops after entry but I use WRB Analysis
[10:03] <+silo> but it all depends on how much further nq could go
[10:03] <@NihabaAshi> Thus, I don't use "fixed profit targets".
[10:03] <+silo> target now is ym lod
[10:03] <+silo> 8276 ym is my target
[10:03] <+jigglyhippo> you use profit targets per trade?
[10:03] <winmax60> Shorts ES @ 889.25 -> small size «« simulator »»
[10:03] <@NihabaAshi> Yes but not fixed targets
[10:04] <+jigglyhippo> ahh i see
[10:04] <@NihabaAshi> Simply, my targets are different every trade
[10:04] <@NihabaAshi> Covered ES Short @ 888.25 --> + 2.25
[10:04] <+Nesi> nice again..wrbtrader
[10:04] <+jigglyhippo> does your wrb analysis tutorial teach that?
[10:05] <+rickf> fwiw saying i tend to have 2 target goals -- either a "regular" target (ie usually in mornings) and a "small" target (afternoons or ranging markets)
[10:05] <+Nesi> Maestroooo!!
[10:05] <+rickf> and of course b/e + a tick to escape a bad trade
[10:05] <+winmax60> Covered all ES Short @ 889 --> + 0.25 «« simulator »»
[10:05] <@NihabaAshi> jiggly...yes
[10:08] <+Nesi> choparola again :/
[10:08] * +rickf found a range it seems
[10:09] <+rickf> funny how we get a big move up/down and then tight range for much of the day
[10:09] <+rickf> well not funny, more like annoying
[10:10] <+jigglyhippo> lol
[10:10] <+jigglyhippo> thats more like it
[10:10] <@NihabaAshi> Yeah...I'm suspicious of today's price action...reason why I'm 1 contract only so far.
[10:12] <+drt> s es 91.25
[10:14] <+kosmipt> watch out for OIL # in 15 mins
[10:16] <+winmax60> Long ES @ 891.25 -> small size «« simulator »»
[10:16] <+silo> out 8318 -15
[10:16] <+winmax60> Exited all ES Long @ 893.25 --> + 2 «« simulator »»
[10:17] <+kosmipt> Shorts ES @ 893 «« simulator »»
[10:17] <@NihabaAshi> Just lost my cable TV...hopefully my cable internet isn't next.
[10:18] <+kosmipt> lets see if we bounce off yesterdays lows
[10:18] <@NihabaAshi> Both services are with the same company on the same cable line.
[10:20] <@NihabaAshi> President Obama live on financial networks TV
[10:20] <+kosmipt> Covered all ES Short @ 892.25 --> + 0.75 «« simulator »»
[10:20] <@NihabaAshi> Long ES @ 892.25 -> small size
[10:21] <@NihabaAshi> 1 only
[10:21] <@NihabaAshi> intuition
[10:21] <@NihabaAshi> let the chop begin
[10:21] <@NihabaAshi> Obama is in town
[10:22] <+drt> cs es 92
[10:24] <+drt> l es 91.25
[10:24] <@NihabaAshi> Exited ES Long @ 893.25 --> + 1
[10:27] <+kosmipt> OIL # in 2 mins
[10:29] <+jbuch> Shorts SPY @ 89.84
[10:29] <+drt> stp l 91
[10:30] <+jbuch> Covered all SPY Short @ 89.81 --> + 0.03
[10:30] <+drt> cl es 94.25
[10:30] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20[10:31] <TraderG> 10:31ET DJ *DOE: US Crude Oil Stks -4.7M Bbls In Wk; Seen +1.3M
[10:33] <+jbuch> WOW THAT IS A HUGE DIFFERANCE
[10:34] <+TraderG> oil futures up to $60 now
[10:37] <+jbuch> so will the stock market that as a sign that the economy is rolling or become fearfull of inflation
[10:42] <pdays> Long TF @ 480.8
[10:45] <+pdays> Exited all TF Long @ 479.9 --> - 0.9
[10:48] <+rickf> long es 890
[10:51] * codehead_afk is now known as codehead
[10:53] <+rickf> out 890.50 +.50
[10:53] <+rickf> back in a bit
[10:58] <+jbuch> Long SPY @ 89.44
[10:58] <+Nesi> Shorts ES @ 8300 -> Swing / Position Trade «« simulator »»
[10:58] <+Nesi> i meant YM
[10:59] <+Nesi> Shorts YM @ 8300 -> Swing / Position Trade «« simulator »»
[10:59] <+jbuch> Exited SPY Long @ 89.44 --> 0
[10:59] <+jbuch> Reverse and Enter Short SPY @ 89.44
[11:03] <+jbuch> Covered all SPY Short @ 89.31 --> + 0.13
[11:11] <+TraderG> coulda shoulda...........
[11:11] <+jbuch>
)
[11:12] <+TraderG> hahahaha jbuch
[11:12] <+TraderG> here it comes
[11:13] <+TraderG> u c
[11:13] <+TraderG> it camr
[11:13] <+TraderG> came
[11:13] <+TraderG> not Cramer
[11:14] <+TraderG> this is exhausting.......... I am going back to wood chopping
[11:15] <+TraderG> and bringing water from the well
[11:16] <+jigglyhippo> lo
[11:16] <+jigglyhippo> l
[11:16] <+pat255> lol
[11:16] <+jbuch> just leave the sheep alone
[11:16] <+TraderG> thank u thank u
[11:17] <+TraderG> jbuch, u should not concern yourself with my private issues
[11:17] <+jbuch> it is the sheep that I am worried about
[11:18] <+TraderG> (I will be gentle)
[11:19] <+jbuch> we sound like construction workers
[11:19] <+TraderG> we r
[11:19] <+jbuch>
)
[11:19] <+TraderG> we were
))))
[11:20] <+jbuch> which way will iy pop
[11:20] <+TraderG> now it's trading and sheep
[11:20] <+TraderG> 1st it will go one way and then........... the other
[11:21] <+TraderG> 890.50 could be a 1st target
[11:23] <+TraderG> 891.75 after that
[11:26] <+TraderG> 888.50 is more likely
[11:30] <+jbuch> Shorts SPY @ 89.39
[11:32] <+TraderG> Everywhere is walking distance if you have the time.
[11:34] <@NihabaAshi> gotta do an emergency reboot
[11:34] <+TraderG> What's another word for Thesaurus?
Session Close: Wed May 13 11:34:58 2009
Session Start: Wed May 13 11:34:58 2009
Session Ident: #futurestrades
[11:34] * Disconnected
Session Close: Wed May 13 11:34:58 2009
Session Start: Wed May 13 11:45:05 2009
Session Ident: #futurestrades
[11:45] * Now talking in #futurestrades
[11:45] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[11:47] <+jbuch> did that answer ur question nesi
[11:52] <+Nesi> sorry for delay....yes
[12:01] <+jbuch> Long SPY @ 89.21
[12:03] <+jbuch> Exited all SPY Long @ 89.29 --> + 0.08
[12:07] <+rickf> bback for a while
[12:07] <+silo> phantom the stalker
[12:07] <+silo> :D
[12:08] <Phantom> : )
[12:17] <+Phantom> sp looked weak earlier, might become a nice idea to short strenght
[12:21] <+jbuch> Long SPY @ 89.39 -> large size
[12:22] <+jbuch> opps noy large size just regular
[12:29] <+jbuch> Exited all SPY Long @ 89.39 --> 0
[12:31] <+Nesi> back later guys
[12:31] <+jbuch> cya
[12:33] <+rickf> cya
[12:34] <+codehead> long NQ 1348.00 2c <paper>
[12:35] <+silo> long 8283
[12:35] <+codehead> long NQ 1348.00
[12:36] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20[12:41] <+jbuch> Long SPY @ 89.23
[12:43] <+codehead> exit NQ +1.25
[12:45] <+jbuch> Exited all SPY Long @ 89.19 --> - 0.04
[12:50] <+codehead> long 2c NQ 1346.00 <paper> this time
[12:55] <+codehead> exit NQ -.75 <paper>
[12:57] <+codehead> long 2c ES 885.00 <paper> 5 tick stop
[12:58] <+codehead> exit ES -.5 <paper>
[12:58] <+codehead> 884.75 was significant
[12:58] <+codehead> long orders at 1332 NQ, 881 ES
[12:59] <+codehead> 881.25
[13:10] <@NihabaAshi> nothing bullish about that downside since 1215pm eset
[13:10] <+jigglyhippo> just been tanking
[13:11] <+jigglyhippo> if i held my position from earlier today (891.25) would be in a great position lol
[13:15] <+pat255> slow agonising downward move..
[13:15] <+jigglyhippo> wrbtrader would you say $5 per roundtrip is pretty avg in terms of commisions for futures?
[13:16] <+TraderG> If you had a million Shakespeares, could they write like a monkey?
[13:17] <+ItalianSharp> <jigglyhippo> wrbtrader would you say $5 per roundtrip is pretty avg in terms of commisions for futures?
[13:17] <+ItalianSharp> i would say you should look at a different broker
[13:17] <+ItalianSharp> most brokers would get you under 5 today
[13:17] <@NihabaAshi> I would think more like$4.80 is about average
[13:17] <+jigglyhippo> oh wow okay
[13:18] <+jigglyhippo> i just spoke to a sales person at infinity and he said 2.50 per buy/sell
[13:18] <@NihabaAshi> Regardless...don't determine your broker solely based upon commission costs.
[13:18] <+ItalianSharp> tell hem to fuck off
[13:18] <+ItalianSharp>
[13:18] <+ItalianSharp> jk
[13:18] <+ItalianSharp> tell them another broker got you a deal for 4.50 RT
[13:18] <@NihabaAshi> If the platform sucks...cheap commissions won't compensate for the losses caused by the platform.
[13:18] <+jigglyhippo> thats a good point
[13:19] <+pat255> so true
[13:19] <+jigglyhippo> ive read decent reviews about infinity and x trader
[13:19] <+ItalianSharp> yes, that's a good pt wrbtrader...however, most brokers will get you less than 5 and a good platform today
[13:19] <+jigglyhippo> but havent had the time to research hardcore
[13:19] <+jigglyhippo> any recommendations?
[13:19] <+ItalianSharp> i have an account with infinity
[13:19] <+ItalianSharp> backup acct
[13:19] <+ItalianSharp> they are good
[13:19] <+ItalianSharp> i like their platform
[13:19] <+rickf> OEC rate table, FWIW --
[13:19] <+rickf>
http://www.openecry.com/rates/rates.cfm[13:19] <+ItalianSharp> and i have a 4.25 deal with them
[13:20] <@NihabaAshi> Yeah...open SEVERAL accounts and then later decide which one to keep
[13:20] <@NihabaAshi> I'm serious.
[13:20] <@NihabaAshi> Keep more than one so that you'll have a backup because NOTHING is perfect.
[13:20] <+jigglyhippo> but ill have to fund the accounts I open right
[13:20] <@NihabaAshi> Yep
[13:21] <+jigglyhippo> i wish i had the capital to open several accounts because usually their min is 5k right?
[13:21] <+jbuch> does any one use zenfire
[13:21] <+TraderG> GlobalFutures would be the cheapest as far as margin goes but i don't know how safe your funds will be
[13:21] <@NihabaAshi> Depends on the broker what capital requirements they have.
[13:21] <+rickf> currently using OEC for execution, ThinkorSwim for charting, though i plan to move to ToS completely at some point even if the commish is higher than OEC
[13:22] <+jigglyhippo> thanks for the link rick
[13:22] <+rickf> np
[13:22] <@NihabaAshi> Call around...take notes and make sure they understand not to start calling you after you talk to them (get their names).
[13:22] <+jigglyhippo> ive had that problem before...sales guys "hunting me down"
[13:23] <@NihabaAshi> I told one guy at Global calling me multiple times until I told him to "suck my *%$*&".
[13:23] <@NihabaAshi> He hasn't called again.
[13:23] <+jigglyhippo>
[13:23] <+jbuch> jiggly hippo are u live or sim
[13:23] <+jigglyhippo> currently im trying the infinity sim
[13:24] <+jbuch> then try a few different platforms on sim
[13:24] <@NihabaAshi> There's a law against that type of sales call that they must respect when you tell them to stop...most ignore it.
[13:24] <@NihabaAshi> Reason why you may have to get nasty a few times.
[13:25] <+jigglyhippo> are there like certain platforms that ppl love here and ones that I should stay away from to narrow my search?
[13:25] <@NihabaAshi> jiggly...you will find that when someone saids something works great...someone else will say it stinks.
[13:26] <@NihabaAshi> You really need to try it for yourself and if you don't like it...close the account and find someone else.
[13:26] <+jigglyhippo> ahh so its really just trial and error
[13:26] <+rickf> exactly
[13:26] <+rickf> yeah you said it
[13:26] <+jigglyhippo> okay thanks
[13:26] <+rickf> thankfully all offer sims to play with
[13:26] <+jbuch> Shorts SPY @ 88.8
[13:28] <@NihabaAshi> Shorts ES @ 881.75 -> small size
[13:28] <@NihabaAshi> 1 only
[13:29] <@NihabaAshi> Nice area for a short and position reversal if I'm wrong
[13:30] <+pat255> y
[13:30] <@NihabaAshi> Covered ES Short @ 880.75 --> + 1
[13:31] <+jbuch> Covered all SPY Short @ 88.55 --> + 0.25
[13:34] <+codehead> ok, posted i had buy order 881.25--exited 883.0, sorry for late post, forgot i called it ahead of time
[13:35] <+codehead> 778.25-778.50 next buy
[13:35] <+codehead> see if 880.00 holds
[13:37] <@NihabaAshi> Long ES @ 882.75 -> small size
[13:37] <@NihabaAshi> 1 only
[13:38] <@NihabaAshi> trade error
[13:39] <@NihabaAshi> Exited ES Long @ 883.00 --> + 0.25
[13:39] <@NihabaAshi> taking a break...be back later
[13:39] * NihabaAshi is now known as NihabaAshi_away
[13:41] <+ItalianSharp> this is starting to look more bullish by the minute
[13:42] <+jbuch> Shorts SPY @ 88.79
[13:43] <+ItalianSharp> today is the first big downtrend day in a long while
[13:43] <+ItalianSharp> let's see if bears have the balls to hold thru the close
[13:43] <+ItalianSharp> most of the down days we've had in this rally ended up with short covering
[13:44] <+ItalianSharp> i am curious to see what bears are up to today
[13:44] <+codehead> have 885.25 upside target on this bounce
[13:48] <+jbuch> Covered all SPY Short @ 88.75 --> + 0.04
[13:49] <+codehead> 875.25-875.75 strong support level
[13:52] <+codehead> dig--885.25 hit
[13:52] <+codehead> "ding"
[13:53] <+rickf> u get a teddy bear prize
[13:53] <+rickf> short es 885
[13:53] <+codehead> :-)
[13:54] <+codehead> 885.25 is .500 of the last top 890.50 to 880.00 low
[13:54] <+codehead> plus, it was also nice wave symmetry
[13:54] <+codehead> and a previous low (the one that bounced to 890.50)
[13:55] <+codehead> so was a magnet
[13:55] <+codehead> nice volume on the bar that hit 885.50
[13:56] <+rickf> out 884.75 +.25
[13:56] <+rickf> taking too long
[13:57] <+rickf> i get impatient in the afternoon
[13:59] <+codehead> ah, 880.00 was 2.00 extension of that bounce, hence covering there
[13:59] <+codehead> yeah, we could be moving higher
[13:59] <+codehead> options week remember
[13:59] <+codehead> either low's in, or we have one more move down if it gets stuck right ehre
[14:00] <+codehead> 886.5-ish
[14:00] <+rickf> i'd look for a pullback to 992 or so
[14:00] <+codehead> this is .618, another round of profit taking
[14:01] <+codehead> above that, likely to retest previous high
[14:02] <+codehead> in a bearish move, bounce max is usually not more that .618, so found selling there
[14:09] <+ItalianSharp> looks like NQ wants more blood
[14:09] <+ItalianSharp> i am not fully bought on the reversal attempt
[14:19] <+rickf> aaand there's 882 .... first prognistication in a long time i hit
[14:19] <+rickf> lol
[14:26] <+codehead> hehe
[14:39] <GoodMood> a question to everybody here: How many monitors do you use on one PC and what graphiccard(s) do you use for this configuration
Thanks
[14:39] <+rickf> i have a 24" iMac and an older 23" LCD
[14:40] <+rickf> no special cards or anything
[14:40] <+GoodMood> thx
[14:40] <+rickf> np
[14:41] * NihabaAshi_away is now known as Nihaba
[14:41] * Nihaba is now known as NihabaAshi
[14:42] <+codehead> got a triangle forming
[14:42] <@NihabaAshi> Long ES @ 884.25 -> small size
[14:42] <@NihabaAshi> 1 only
[14:42] <PeterPanBoy> Long ES @ 884.25 «« paper »»
[14:42] <+PeterPanBoy> hi to all
[14:42] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20[14:43] <@NihabaAshi> If it retraces...should make a new intraday low
[14:43] <+codehead> i have 24" and 23" LCD on one Mac, and 19" on the other (use it for irc and order placing)
[14:43] <+GoodMood> thx ch
[14:45] <@NihabaAshi> volatility declining
[14:45] <+PeterPanBoy> yep
[14:46] <+PeterPanBoy> price not take off
[14:47] <+PeterPanBoy> Exited 1/3 ES Long @ 884.25 --> 0 «« paper »»
[14:47] <+PeterPanBoy> start losing my patience..
[14:47] <@NihabaAshi> me too
[14:47] <@NihabaAshi> will try to dump it in any volatility increase
[14:48] <+PeterPanBoy> yeah
[14:48] <+PeterPanBoy> Exited 2/3 ES Long @ 884 --> - 0.25 «« paper »»
[14:49] <+codehead> stalled at the downtrend line, needs to break thru
[14:50] <@NihabaAshi> oh oh
[14:50] <@NihabaAshi> expecting a volatility spike here soon
[14:51] <+PeterPanBoy> ok lets see..
[14:52] <+codehead> nipped thru the downtrend line just a little
[14:52] <+codehead> needs to hold 883
[14:54] <@NihabaAshi> Exited ES Long @ 884.25 --> 0
[14:54] <+PeterPanBoy> Exited Remainder ES Long @ 884.25 --> 0 «« paper »»
[14:55] <+PeterPanBoy> of course now go up
[14:56] <@NihabaAshi> Past 10 mins must be the worst few tick range of the entire trading day so far.
[14:57] <+PeterPanBoy> Long ES @ 884.75 «« paper »»
[14:57] <+PeterPanBoy> Exited 1/3 ES Long @ 885 --> + 0.25 «« paper »»
[14:57] <+PeterPanBoy> Exited 2/3 ES Long @ 885 --> + 0.25 «« paper »»
[14:57] <Brewer-L13S|NQ> you guys all scalpers?
[14:58] <+PeterPanBoy> need an upper spike
[14:58] <@NihabaAshi> Most in are not
[14:58] <+PeterPanBoy> Exited Remainder ES Long @ 885.5 --> + 0.75 «« paper »»
[14:59] <@NihabaAshi> The few true scalpers in here don't post their trades.
[14:59] <+PeterPanBoy> go where you wanna go i am out
[14:59] <@NihabaAshi> Peter...thats a tough price action to be patient in.
[14:59] <+PeterPanBoy> as always after I go out price rise..
[14:59] <+Brewer-L13S|NQ> what kind of stops do you use peter?
[15:00] <+Brewer-L13S|NQ> or none
[15:00] <+PeterPanBoy> yeah wrbtrader I am very unpatience boy
[15:00] <+PeterPanBoy> thanks for remaind me nihab
[15:01] <+PeterPanBoy> I use stop normal under last swing
[15:02] <+Brewer-L13S|NQ> ic
[15:04] <+rickf> also depend show you define scalping
[15:04] <+Brewer-L13S|NQ> yeah
[15:05] <+Brewer-L13S|NQ> your accuracy must be insanely high to profit with targets so small?
[15:07] <@NihabaAshi> High accuracy, quick profit targets, commission rates way below the norm, extremely fast trading platform suitable for scalping, trade signals generated every few minutes et cetera.
[15:07] <+Brewer-L13S|NQ> ic
[15:13] <+jbuch> Shorts SPY @ 88.79
[15:15] <kosmipt> Shorts ES @ 882 «« simulator »»
[15:15] <+kosmipt> Shorts ES @ 881.75 -> Add «« simulator »»
[15:15] <@NihabaAshi> be back later (bad timing when volatility is slowly rising).
[15:16] * NihabaAshi is now known as NihabaAshi_away
[15:16] <+kosmipt> lets see if 3.15 sell programs work today
[15:16] <+jbuch> Covered all SPY Short @ 88.68 --> + 0.11
[15:20] <+kosmipt> Covered 1/2 ES Short @ 883 --> - 1.25 «« simulator »»
[15:20] <+kosmipt> Shorts ES @ 882 -> Add «« simulator »»
[15:20] <+kosmipt> Shorts ES @ 881.75 -> Add «« simulator »»
[15:20] <+TraderG> i was right
[15:21] <+jbuch> If it's a penny for your thoughts and you put in your two cents worth, then someone, somewhere is making a penny.
[15:23] <+jbuch> Long SPY @ 88.76
[15:23] <+TraderG> Why don't they make the whole plane out of that black box stuff.
[15:23] <+kosmipt> Covered 1/3 ES Short @ 883.50 --> - 1.75 «« simulator »»
[15:23] <+kosmipt> Covered 1/3 ES Short @ 883.50 --> - 1.5 «« simulator »»
[15:24] <+kosmipt> Covered Remainder ES Short @ 884 --> - 2 «« simulator »»
[15:24] <+jbuch> Exited all SPY Long @ 88.99 --> + 0.23
[15:25] <+jbuch> ba bam
[15:25] <+jbuch>
)
[15:26] <+jbuch> that is my kinda trade less than 2 minutes
[15:26] <+kosmipt> Shorts ES @ 883.25 «« simulator »»
[15:26] <+kosmipt> Shorts ES @ 882.50 -> Add «« simulator »»
[15:27] <+kosmipt> Shorts ES @ 882 -> Add «« simulator »»
[15:28] <+kosmipt> still looking for some sort of collapse
[15:29] <+PeterPanBoy> Long ES @ 882 «« paper »»
[15:30] <+TraderG> jbuch r u Scottish?
[15:30] <+jbuch> y
[15:30] <+jbuch> why
[15:30] <+TraderG> because u r penny pinching.......
[15:30] <+PeterPanBoy> Exited 1/3 ES Long @ 882.5 --> + 0.5 «« paper »»
[15:30] <+Brewer-L13S|NQ> lol
[15:30] <+kosmipt> lol
[15:30] <+TraderG> when will u make some real money?
[15:30] <+jbuch> lol
[15:31] <+kosmipt> maybe he's trading 5000 share lots
[15:31] <+PeterPanBoy> Exited 2/3 ES Long @ 883 --> + 1 «« paper »»
[15:31] <+TraderG> finnaly a smart guy
[15:31] <+jbuch>
)
[15:32] <+kosmipt> cmon TANK
[15:32] <+PeterPanBoy> Exited Remainder ES Long @ 882.75 --> + 0.75 «« paper »»
[15:32] <+PeterPanBoy> choppy action
[15:32] <+Brewer-L13S|NQ> what is your reasoning for expecting market to tank here?
[15:33] <+TraderG> IT SHOULD
[15:33] <+TraderG> IT's TIME
[15:33] <+kosmipt> i don't know just intuition
[15:33] <+Brewer-L13S|NQ> oh
[15:33] <+Brewer-L13S|NQ> wtf
[15:33] <+kosmipt> but we're running out of time
[15:33] <+TraderG> i think the market should go down because I am short and I want 2 make money
[15:34] <+TraderG>
[15:34] <+Brewer-L13S|NQ> well at least you got a reason lol
[15:34] <+TraderG> P&P=$
[15:34] <+kosmipt> exactly
[15:35] <+kosmipt> Covered all ES Short @ 884 --> - 2.75 «« simulator »»
[15:35] <+Brewer-L13S|NQ> P&P
[15:35] <+Brewer-L13S|NQ>
[15:35] <+kosmipt> screw this
[15:37] <+PeterPanBoy> Shorts ES @ 884 «« paper »»
[15:37] <+PeterPanBoy> Covered 1/3 ES Short @ 883.25 --> + 0.75 «« paper »»
[15:37] <+TraderG> Plan & Patience
[15:37] <+PeterPanBoy> Covered 2/3 ES Short @ 883.5 --> + 0.5 «« paper »»
[15:38] <+PeterPanBoy> Covered Remainder ES Short @ 883.75 --> + 0.25 «« paper »»
[15:39] <+PeterPanBoy> Shorts ES @ 883.75 «« paper »»
[15:39] <+PeterPanBoy> Covered 1/3 ES Short @ 883.25 --> + 0.5 «« paper »»
[15:40] <+PeterPanBoy> Covered 2/3 ES Short @ 882.5 --> + 1.25 «« paper »»
[15:40] <+PeterPanBoy> Covered Remainder ES Short @ 883 --> + 0.75 «« paper »»
[15:41] <+jbuch> nice wedge forming
[15:41] <+PeterPanBoy> happy with this scalping but very energy demand..
[15:42] * NihabaAshi_away is now known as NihabaAshi
[15:43] <@NihabaAshi> Looks like volatility flat lined
[15:43] <+kosmipt> do you usually trading like that peter?
[15:43] <+kosmipt> yeah, price just does nothing
[15:43] <+PeterPanBoy> yes
[15:43] <+kosmipt> Shorts ES @ 881.75 «« simulator »»
[15:43] <+kosmipt> Shorts ES @ 881.25 «« simulator »»
[15:43] <+kosmipt> giving it one last shot
[15:44] <+TraderG> ok. great. I made dinner money
[15:44] <+PeterPanBoy> Long ES @ 881.75 «« paper »»
[15:45] <+PeterPanBoy> Exited 1/3 ES Long @ 882 --> + 0.25 «« paper »»
[15:45] <+kosmipt> Covered all ES Short @ 882.25 --> - 1 «« simulator »»
[15:45] <+kosmipt> i'm done, this is torture
[15:45] <+PeterPanBoy> Exited 2/3 ES Long @ 882.75 --> + 1 «« paper »»
[15:45] <+jbuch> Long SPY @ 88.68
[15:47] <+PeterPanBoy> Exited Remainder ES Long @ 884.5 --> + 2.75 «« paper »»
[15:47] <+ItalianSharp> bears got no balls
[15:47] <+jbuch> Exited all SPY Long @ 88.79 --> + 0.11
[15:47] <+ItalianSharp> look at them covering like pussies
[15:47] <+ItalianSharp>
[15:48] <+kosmipt> looking back at today's 3 min chart, i cannot see any wide range momentum bars that i like
[15:48] <@NihabaAshi> Long ES @ 884.50 -> small size
[15:48] <@NihabaAshi> 1 only
[15:49] <+PeterPanBoy> Shorts ES @ 885 «« paper »»
[15:49] <+PeterPanBoy> very fast action
[15:49] <+PeterPanBoy> Covered 1/3 ES Short @ 884.5 --> + 0.5 «« paper »»
[15:50] <+PeterPanBoy> Covered 2/3 ES Short @ 884.5 --> + 0.5 «« paper »»
[15:50] <+PeterPanBoy> Covered Remainder ES Short @ 884.5 --> + 0.5 «« paper »»
[15:51] <@NihabaAshi> Exited ES Long @ 883.00 --> - 1.5
[15:51] <@NihabaAshi> Reverse and Enter Short ES @ 883.00
[15:52] <@NihabaAshi> 2 contracts
[15:52] <@NihabaAshi> volatility increasing
[15:52] <+jbuch> gang it tried to catch that short
[15:52] <+jbuch> jumped all over my price but no fill
[15:52] <+kosmipt> of course it increases with 10 mins left in trading day
[15:53] <+PeterPanBoy> I exited too early not sure to hold my short but happy anyway
[15:53] <+kosmipt> peter are you using fixed stop on your scalps?
[15:53] <@NihabaAshi> Covered all ES Short @ 882.75 --> + 0.25
[15:54] <+PeterPanBoy> no fix stop depend market
[15:54] <@NihabaAshi> Shorts ES @ 882.75 -> small size
[15:55] <@NihabaAshi> 2 only
[15:55] <+jbuch> Long SPY @ 88.74
[15:57] <@NihabaAshi> it wants to chop going into the close
[15:58] <@NihabaAshi> Covered all ES Short @ 882.50 --> + 0.25
[15:59] <@NihabaAshi> Shorts ES @ 882.00 -> small size
[15:59] <@NihabaAshi> 2 only
[15:59] <+jbuch> Exited all SPY Long @ 88.64 --> - 0.1
[16:03] <PeterPanBoy> before have font issue and disconnect
[16:06] <@NihabaAshi> Covered ES Short @ 884.50 --> - 2.5
[16:06] <@NihabaAshi> Reverse and Enter Long ES @ 884.50
[16:06] <+PeterPanBoy> Shorts ES @ 884.5 «« paper »»
[16:07] <+PeterPanBoy> Covered 1/3 ES Short @ 884.25 --> + 0.25 «« paper »»
[16:07] <+PeterPanBoy> Covered 2/3 ES Short @ 884.5 --> 0 «« paper »»
[16:08] <+jbuch> i wish that it was choppy like this all the time
[16:08] * +LP slaps jbuch around a bit with a large trout
[16:08] <+PeterPanBoy> Covered Remainder ES Short @ 884.5 --> 0 «« paper »»
[16:08] <+LP> u crazy
[16:09] <+jbuch>
what kind of trout
[16:09] <+PeterPanBoy> wanna a fill @ 884.25
[16:09] <@NihabaAshi> We'll have a better (larger) range tomorrow.
[16:09] <+LP> lol margin trout
[16:09] <+PeterPanBoy> but exit @884.5
[16:10] <+PeterPanBoy> wait for large range tomorrow
[16:10] <@NihabaAshi> Hopefully most of the move tomorrow doesn't occur on the 0830am est scheduled economic reports.
[16:11] <@NihabaAshi> Friday could setup to be the trading day of the week
[16:11] <+PeterPanBoy> ok I do not miss it
[16:12] <@NihabaAshi> Exited all ES Long @ 885.00 --> + 0.5
[16:12] <+jbuch> those margin trout put up a good fight
[16:12] <+LP> heheee
[16:16] <+LP> take care peeps, and a good day to all
[16:17] <+jbuch> have a good night all
[16:17] <+LP> c ya jb
[16:17] <+jbuch> tomrrow lb
[16:46] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20[16:51] <@NihabaAshi> Take care all and see all tomorrow
[16:52] * NihabaAshi is now known as NihabaAshi_away
[16:54] <+PeterPanBoy> good night... see all tomorrow
Session Close: Wed May 13 17:08:18 2009
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