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Session Start: Fri Sep 11 08:28:30 2009
Session Ident: #futurestrades
[08:28] * Now talking in #futurestrades
[08:28] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[08:57] <pat255>
N and others
[08:57] <Forex2stay> morning
[09:13] * codehead_afk is now known as codehead
[09:13] <+Forex2stay> two rockets fired from lebanon hit inside Israel - reuters
[09:29] <jbuch> morning all
[09:29] <drt>
[09:29] <rickf>
[09:31] <@wrbtrader> Shorts ES @ 1040.25 -> large size
[09:31] <@wrbtrader> 6 only
[09:34] <@wrbtrader> Covered all ES Short @ 1040.00 --> + 0.25
[09:36] <+jbuch> Long ES @ 1040.5
[09:36] <@wrbtrader> Long ES @ 1041.75 -> large size
[09:36] <@wrbtrader> 6 only
[09:36] <+jbuch> 1 only
[09:36] <@wrbtrader> chasing this one
[09:36] <+jbuch>
[09:38] <+jbuch> Exited all ES Long @ 1043 --> + 2.5
[09:39] <@wrbtrader> Exited all ES Long @ 1042.00 --> + 0.25
[09:40] <+pat255> consumer sentiment in 15
[09:40] <+jbuch> 09 highs here intimidating holding anything
[09:41] <+jbuch> long or short
[09:41] <+rickf> long es 1040.50 paper
[09:42] <OICU812> good morning
[09:42] <+jbuch> morning oic
[09:43] <+jbuch> UoM consumer sentiment in 10 min
[09:44] <@wrbtrader> Shorts ES @ 1040.25 -> large size
[09:44] <@wrbtrader> 9 only
[09:46] <+rickf> exit es 1040.50 /e paper
[09:47] <@wrbtrader> Covered all ES Short @ 1040.75 --> - 0.5
[09:48] <+rickf>
[09:48] * +rickf serves me right for using a 133t cjart
[09:48] <@wrbtrader> Long ES @ 1041.50 -> large size
[09:48] <@wrbtrader> 6 only
[09:49] <+jbuch> dang it I talked myself out of taking a long there
[09:50] <@X> #FuturesTrades Info -> You must read #FuturesTrades purpose and benefits @
viewtopic.php?f=5&t=36 and TOU policy @
viewtopic.php?f=2&t=55 to prevent any misunderstandings.
[09:52] <@wrbtrader> tighten trailing stop
[09:52] <+jbuch> Long ES @ 1041.5
[09:54] <@wrbtrader> Exited all ES Long @ 1042.00 --> + 0.5
[09:54] <+jbuch> Exited all ES Long @ 1041.75 --> + 0.25
[09:58] <+rickf> hey wrbtrader ... ref Twitter, they posted new ToS just now
[09:58] <+rickf>
http://blog.twitter.com/[09:58] <+rickf> my only beef is with their 'ownership' provision ... that always rubs me the wrong way
[09:58] <+jbuch> man this market can't seem to go down
[09:58] <+pat255> tos/
[09:58] <+rickf> terms of service
[09:58] <+pat255> tos?
[09:58] <+rickf> not thinkorswim
[09:58] <+pat255> ty
[09:59] <+jbuch> wholesale 1 min
[10:01] <+jbuch> Long ES @ 1042.5
[10:03] <+jbuch> Exited all ES Long @ 1042 --> - 0.5
[10:04] <+jbuch> that was not a good entry let a bias influence me
[10:06] <+pat255> wholesale inv report -1.4 vs -1.0
[10:14] <+Forex2stay> EURO getting some good price action this morning
[10:26] <+rickf> so i'm tempted to dump the last of my sds etf ... just take the loss and move on
[10:26] <+rickf> of course once i do so, the marekt will tank and they'll recover in a week lol
[10:30] <+jbuch> aren't they hedges rick
[10:30] <+rickf> yes
[10:30] <+rickf> but i've left some of it ride as the market's run up ... so X gain vs. Y loss is expected
[10:31] <+rickf> however given the ultra etfs are not in favor in washington and elsewhere i am thinking seriously of getting rid of them and using regular options and/or futures to hedge
[10:31] <+Forex2stay> Coast Guard Reportedly Fires on Boat near Pentagon 9/11 Ceremony...Foxnwes
[10:32] <+Forex2stay> Reuters confirms
[10:33] <+rickf> hrmmm i dont see any boats outside on the river
[10:34] <+jbuch> maybe it sunk
[10:35] <+rickf> lol
[10:35] <+Forex2stay> lol
[10:35] <+rickf> 10 rounds fired at a boat according to cnn
[10:36] <@wrbtrader> warning shots or trying to kill shots
[10:36] <@wrbtrader>
[10:36] <+rickf> dunno
[10:36] <+Forex2stay> yeah didn't say...and no one is commented on them
[10:37] <codehead> training excercise
[10:37] <+codehead> they claim no shots were fired--was training excercise
[10:38] <+jbuch> bone heads
[10:38] <+Forex2stay> crazy time to do a training exercise
[10:38] <+jbuch> a training exercise right next to the 9/11 ceremony
[10:39] <+jbuch> some heads will roll for that
[10:40] <+Forex2stay> they should have just said the gun fell and "accidently" went off...
[10:40] <+jbuch> lol
[10:40] <+Forex2stay> i didn't know it was loaded
[10:40] <+jbuch> my bad
[10:41] <+jbuch> Long ES @ 1042
[10:42] <+rickf> "training exercise" = "cover story" until the leaks start coming out
[10:42] <+rickf> prolly some nutcase needed to be deterred
[10:45] <+jbuch> Exited all ES Long @ 1041.5 --> - 0.5
[10:46] <+jbuch> late
[10:48] <luffy>
[10:48] <+jbuch> Long ES @ 1041.5
[10:50] <+luffy> long scalp does look sexy here
[10:51] <+jbuch> Exited all ES Long @ 1040.75 --> - 0.75
[10:51] <+jbuch> dead smack in the middle here
[10:53] <+luffy> i stil like the long here..
[10:53] <+luffy> could add...
[10:53] <+luffy> tick better go up soon tho
[10:55] <+jbuch> dang bailed on all my gold yesterday on what looks like a weak retracement today.
[10:55] <+pat255> jb futs or stock?
[10:57] <+jbuch> Long ES @ 1041.5
[10:59] <+jbuch> that australlian runner is a hermaphrodite
[11:00] <+jbuch> man getting chopped to sh@# here
[11:00] <+luffy> jb u added long at 1.5?
[11:00] <+luffy> 41.5
[11:00] <+jbuch> stocks and a mutual fund pat
[11:00] <+pat255> k ...thks
[11:02] <+jbuch> my financial advisor tried to talk me out of it.
[11:02] <+jbuch> how messed up is this I hate it when he is right and I am wrong.
[11:12] <+luffy> lol jb
[11:12] <+luffy> theres a reason u pay him to give u advice
[11:12] <+luffy> which firm is he from?
[11:13] <+jbuch> he was with UBS but he is now working for himself
[11:14] <+luffy> hmm sounds like someone i know
[11:14] <+luffy> lol
[11:14] <+jbuch> he is in albuquerque
[11:14] <+jbuch> chris jungmann
[11:15] <+luffy> oh ok.. nm... i know another ex ubs guy in aluquerque
[11:15] <+jbuch> Exited all ES Long @ 1042.25 --> + 0.75
[11:15] <+luffy> not chris tho..
[11:15] <+pat255> vn jb
[11:15] <+luffy> yea good job
[11:15] <+jbuch> thanks
[11:16] <+jbuch> probably should kept my stop at 41.75
[11:17] <+jbuch> that was about max on my patience though
[11:20] <+jbuch> the interesting thing is that he teaches me fundamentals and I teach him technical
[11:21] <+luffy> haha
[11:21] <+Forex2stay> what kind of returns you get with him jb?
[11:23] <+Forex2stay> sorry probably not the best question....does he do a decent job for you?
[11:24] <+jbuch> well I often don't listen to him and I swing trade a large portion of the account based upon my system.
[11:24] <+jbuch> we r up this year
[11:25] <+jbuch> were up a lot last year heavy in commodities in the first half but gave most of it back
[11:25] <+Forex2stay> yeah they guys i use are up to...but being down double digits one year and up double digits the next doesn't even get a guy back to breakeven
[11:26] <+jbuch> he does a great job smart guy and he works his ass off researching
[11:26] <+Forex2stay> does he charge a flat fee per assets or is he based on performance?
[11:27] <+jbuch> flat fee
[11:29] <+jbuch> what is surprising to me is how nove most financial advisors r when it comes to trading
[11:30] <+jbuch> 99 percent of the ones who I have met don't have a clue
[11:30] <+luffy> lol
[11:31] <+jbuch> nove = novice
[11:31] <+Forex2stay> most of them that i know just do the splatter trade, based on your risk tolerance
[11:32] <+Forex2stay> put you in a million + funds and hope for the best
[11:32] <+jbuch> most of their systems r buy and pray
[11:32] <+luffy> lol buy and pray
[11:32] <+jbuch> based solely upon what some
told them
[11:33] <+luffy> i used to be a fund analyst..
[11:33] <+luffy> realized it was all bs
[11:33] <+luffy> relative returns is the biggest BS ever made up
[11:33] <+Forex2stay> yeah, best case you get 9% return, loose 3-4% on inflation, give them 1.5%, and give the rest to taxes so maybe you breakeven.
[11:34] <+luffy> lol
[11:35] <+jbuch> 90 percent of them r still thinking buy and hold
[11:35] <+Forex2stay> yep
[11:36] <+jbuch> really all they do is sign up new clients and and sell them whatever portfolio their firm is pushing.
[11:37] <+Forex2stay> true
[11:40] <+OICU812> you were a fund analyst luffy? how long ago?
[11:56] <+luffy> oic i worked as analyst before i quit a year ago
[11:56] <@X> #FuturesTrades Info -> You must read #FuturesTrades purpose and benefits @
viewtopic.php?f=5&t=36 and TOU policy @
viewtopic.php?f=2&t=55 to prevent any misunderstandings.
[12:13] <+rickf> screw relative returns i want absolute returns -- who cares if the SPX is down 40% and my fund is only down 36% and thus "beat" the index?
[12:13] <+rickf> if the market is down 10% and I am up 3% I am happy
[12:14] <+luffy> yup
[12:14] <+luffy> that's why i quit
[12:14] <+luffy> to trade
[12:14] <+luffy> lol
[12:14] <+rickf> heh
[12:14] <+luffy> i went long 38.25 earlier... got scared and took 2 tick loss
[12:14] <+rickf> did u read "full of bull" the book about street analysts?
[12:14] <+luffy> looks like i shoulda held
[12:14] <+luffy> nah didn't read that
[12:15] <+rickf> scary/depressing/angering read
[12:15] <+luffy> ok i'll skip it.. lol
[12:15] <+rickf> the 'scam' of street analysis written by a former analyst
[12:15] <+luffy> icic
[12:15] <+luffy> cool
[12:15] <+rickf>
[12:15] <+luffy> yea i kinda felt everyone is BS
[12:15] <+luffy> when i joined my old firm.. none of the senior analysts were making money
[12:15] <+luffy> so i was like WTF
[12:15] <+luffy> why am i here
[12:16] <+luffy> they were buying citi at 20
[12:16] <+luffy> thinking its a great long cheap
[12:16] <+luffy> making all rookie mistakes
[12:16] <+rickf> there was some schmuck anayst at GS a few years ago...
[12:16] <+rickf> said to sell one of the exchange stocks because in his view --
[12:16] <+rickf> "they couldn't handle the transaction load of billions of transactions per day"
[12:17] <+rickf> WTF ... this guy was an MBA, not a technologist. What does he know of high resliiency networks?
[12:17] <+luffy> yea trading makes more sense to me...
[12:17] <+luffy> all the rest is bullshit
[12:17] <+luffy> and people scamming people
[12:18] <+rickf> his "call" (it was GS) caused the pos to tank hard which only showed me the herd mentality of the idiots leading the gullible and clueless
[12:20] <+luffy> lol
[12:20] <+jbuch> have had some conversations with a team captian of traders at JP
[12:21] <+jbuch> they only hire MBA's to be traders
[12:21] <+jbuch> I was like what does business admin
[12:21] <+rickf> i swear my friends and i could do better industry analysis than the clowns in nyc -- at least we speak from experience and not book-smarts alone
[12:21] <+jbuch> have to do with trading
[12:23] <+jbuch> it is the same thing that we were talking about earlier these guys don't have a clue.
[12:25] <@wrbtrader> Just got back...had to do some personal stuff.
[12:27] <+jbuch> when I first started day trading I was thinking that I would go back to school and take some classes to learn about macro and micro economics.
[12:28] <+jbuch> but I started looking at degree's and courses and there is really no formal way to learn about this stuff
[12:28] <+jbuch> at least that I could find
[12:29] <+jbuch> everything out there is geared towards managing a business
[12:30] <+jbuch> having run a business and manging up to 100 employees most of what they taught for that was a complete waste of time.
[12:36] <+jbuch> Long ES @ 1036
[12:38] <+jbuch> Exited all ES Long @ 1035.5 --> - 0.5
[12:38] <+jbuch> trying to pick a bottom bone head
[12:39] <+luffy> long34.25
[12:39] <@wrbtrader> Nobody shorted this thing anytime after 11am est
[12:40] <+jbuch> nope I got back right before u did
[12:40] <@wrbtrader> Looks like I picked a bad time to take a break...figure it would range until 3pm est.
[12:40] <+jbuch> was thinking the same
[12:41] <+jbuch> thought it would coll off and then make another push up this afternoon
[12:41] <+jbuch> coll =cool
[12:45] <+luffy> gonna shoot for high of day here...
[12:46] <+luffy> 9ptsish...
[12:46] <+jbuch> I forgot that the market can go down.
[12:46] <+luffy> lol
[12:46] <+luffy> its still up trend
[12:46] <+luffy> i'mma stick with that
[12:46] <+luffy> tho i shoulda shorted hod today...
[12:46] <+jbuch> the Sulton of Swat
[12:50] <+codehead> ES bounce at .500 exact (1023.00 low)
[12:51] <+codehead> no futs trades, but at least i grabbed some SPXU (3x s&p short) at ES highs, took profit at that .500 ES
[12:53] <+luffy> nice
[12:53] <+luffy> lets see if i can get that swing back up to high of day
[12:54] <+jbuch> So u shorted it at around 42 and got rid of it at around 34 code
[12:58] <+luffy> plz break up above 37.25
[12:58] <+luffy> go go go go
[12:58] <+luffy> jb u long too?
[13:00] <+jbuch> nope but I wish that I was long from where u got in
[13:01] <+jbuch> shoulda got in at 35 but not really playing this afternoon
[13:02] <+luffy> ok
[13:02] <+luffy> i got in earlier twice and took 2 pts of losses
[13:02] <+luffy> wasn't too disciplined there.. didn't wait for best setup
[13:03] <+luffy> lets see if i can end the day and the week in the green with this play
[13:03] <+codehead> yeah jb--abount 1042.5 ES when entered SPXU
[13:04] <+codehead> 1042.75 actually
[13:04] <+codehead> was on the first time tho
[13:04] <+jbuch> that is awesome man
[13:04] <+codehead> so was up .55 and it came back to my entry
[13:05] <+codehead> well, woulda been better to grab ES but i wouldn't have been so patient with it
[13:05] <+codehead> impatient with futs :-/
[13:05] <+codehead> working on it...
[13:05] <+luffy> cool
[13:05] <+luffy> awesome trade!
[13:05] <+jbuch> all this swing trading going on here I feel like my classmates are leaving me behind.
[13:06] <+codehead> thx but i need to translate that into ES--at least I was able to keep hands off it and let it work
[13:06] <+luffy> lol dude wish i could scalp as well as u man
[13:06] <+luffy>
[13:06] <+jbuch> wish I had the patience to hang
[13:07] <+codehead> NQ 1688-1689 i knew form yesterday, got up a little late and missed short there, and was iffy about retest we had--too bad, worked perfect
[13:07] <+jbuch> I woud have bailed on ur entry at 35.25
[13:08] <+luffy> 35.25?
[13:08] <+luffy> u did?
[13:08] <+luffy> i took 34.25
[13:08] <+luffy> crap pclose is not breaking
[13:09] <+luffy> i'd scale out there if i had more than 1 car
[13:10] <+jbuch> no if I had been in ur trade luffy I woulda bailed at 35.25 and missed the majority of the up move
[13:11] <+luffy> oh icic
[13:11] <+luffy> yea its tough to hold
[13:11] <+luffy> even now i'm like fuck... i can get out
[13:11] <+luffy> its not breaking...
[13:11] <+luffy> really a coin flip
[13:11] <+luffy> get in at an edge, go with the big trend
[13:11] <+luffy> either i get it or i wont
[13:11] <+luffy> key is to not cut my winners short
[13:12] <+jbuch> move ur stop to below that last swing and see where it takes u.
[13:12] <+jbuch> easy to say hard to do I know
[13:12] <+luffy> i'm very tempted to do that
[13:13] <+luffy> i'll move it after the 37.27 is broken
[13:13] <+luffy> 37.25
[13:13] <+jbuch> nice, good plan
[13:14] <+luffy> my stop is not be+tick
[13:15] <+luffy> i hate moving stop to be+tick tho... always end up regretting it
[13:15] <+luffy> i get tagged so much...
[13:16] <+luffy> now stop to +1 pt
[13:16] <+luffy> looking good
[13:17] <+luffy> that 37 level was hge to flip
[13:19] <+jbuch> nice
[13:19] <+jbuch> broke the down tl with authority as well
[13:19] <+luffy> lets see if it holds
[13:19] <+luffy> oh yea.. didn't notice the tl
[13:19] <+luffy> i gotta start drawing those
[13:19] <+jbuch> testing it from the top now
[13:20] <+luffy> i wanna add to long right here
[13:20] <+luffy> sim add
[13:20] <+luffy> lol
[13:20] <+luffy> no balls to add live
[13:22] <+jbuch> trying to get it at 37.25
[13:23] <+jbuch> Long ES @ 1037.25
[13:23] <+luffy> that looks like a nice scalp long... my next version of trading plan i'll add that in
[13:23] <+luffy> adding on to winners is the way to go
[13:23] <+luffy> just takes BALLS
[13:24] <+jbuch> break out retest
[13:24] <+luffy> yea had sooo much confluence on that long
[13:24] <+jbuch> can use a tight stop
[13:25] <+jbuch> should not break 37 by more than a tick or 2
[13:26] <+luffy> i'm looking for 37 add
[13:26] <+luffy> live
[13:26] <+luffy> no fill yet
[13:26] <+jbuch> no vol
[13:28] <+luffy> filled
[13:28] <+luffy> stop moved to 36 on all lots
[13:28] <+luffy> i either break the bank today or take like a 2 pt loss
[13:28] <+luffy> i'm ok with that
[13:29] <+codehead> ES 1681.50 is symmetry and .618 bounce
[13:29] <+codehead> if it doesn't get past that, it's short
[13:29] <+codehead> actually shorted 1681.00 while stuck on phone for a while with bank, was making me nervous as usual so to 1.00
[13:29] <+codehead> took
[13:29] <+codehead> if it takes out 1681.50 (by say 6 ticks), we could go back up
[13:31] <+luffy> trailed stop to 36.25
[13:31] <+luffy> gettin nervous since i have 2 lots in
[13:31] <+luffy> fuck
[13:31] <+jbuch> long looks much better on NQ
[13:31] <+codehead> yeah, NQ been great lately
[13:32] <+jbuch> tick divg here
[13:32] <+codehead> hm, NQ went to 1672.00, tho i would have expected 1671.00
[13:32] <+codehead> but 4 ticks is close on NQ
[13:32] <+codehead> bears don't want 1681.50 broken i'd think
[13:33] <+luffy> damn didnt' break up
[13:33] <+luffy> come on...
[13:35] <+luffy> took out my 37 out for 3 ticks
[13:35] <+luffy> stop on 2nd car at 36.25
[13:36] <+luffy> just gonna sit on the rest of the trade.. i think i'll be BE or better for the day either way
[13:36] <+jbuch> nothing worse than thinking okay I survived it here we go and then bam it comes right back down on yeah
[13:36] <+codehead> nice
[13:37] <+jbuch> 1037.5
[13:37] <+jbuch> oops
[13:38] <+jbuch> Exited all ES Long @ 1037.5 --> + 0.25
[13:39] <+jbuch> good divergance here shoulda reversed tha
[13:39] <+jbuch> that
[13:40] <+codehead> cci ghost on 3 min
[13:40] <+jbuch> always get sh@# fills when I do that though
[13:41] <+luffy> jb u talking about tick div?
[13:41] <+jbuch> yeah
[13:41] <+luffy> ok i was looking at that
[13:41] <+luffy> also increasing vol on the down move
[13:41] <+codehead> 1038.25 high there was .500 of the last leg down (1042.75-1033.50)
[13:41] <+codehead> exact
[13:42] <+luffy> thisis fucking bearish
[13:42] <+luffy> i'm giing out
[13:43] <@wrbtrader> Shorts ES @ 1036.25 -> small size
[13:43] <+luffy> stopped out on 36
[13:43] <@wrbtrader> 3 only
[13:43] <+jbuch> nice wrbtrader
[13:43] <+codehead> oil taking another leg down
[13:44] <+luffy> i'm up 15 bucks today
[13:44] <+luffy> lol
[13:44] <+codehead> my futs account +15.20 luffy, i'm there with ya
[13:44] <+codehead> lol
[13:44] <+luffy> lol
[13:45] <+jbuch> I am about there as well
[13:45] <+codehead> but did a little better on the SPXU trade
[13:45] <+luffy> looks like we migh get retest of the lows
[13:46] <+luffy> at least i learned my lesson.. don't try to add to positions yet.. and don't move stops
[13:47] <+jbuch> days young though
[13:48] <+luffy> yea..
[13:48] <+jbuch> up 1 point but lost half of that to comm.
[13:48] <+luffy> todays really slow
[13:48] <+codehead> wow, second acorn sting video, other location
[13:48] <+jbuch> shame was off to such a promising start
[13:49] <+luffy> yea
[13:49] <+luffy> i woulda broke the bank if that took off
[13:49] <+luffy> its ok
[13:50] <+luffy> it's about expectancy
[13:50] <+luffy> try again next time
[13:50] <+luffy> tick vol both div here for long setup
[13:50] <+luffy> u guys see?
[13:50] <+jbuch> is that a foreign language code
[13:51] <MK> Shorts ES @ 1042 -> Add «« paper »»
[13:51] <+jbuch> broke the up tl though
[13:52] <+luffy> true that
[13:52] <+codehead> acorn sting you mean? talking about the ACORN sting where guy and chick go in and ask for government funded housing to set up a whore house with underage illegal aliens, and get kept
[13:52] <+luffy> mk are u shorting each new high?
[13:52] <+jbuch> to the square root
[13:52] <+codehead> get help sorry
[13:52] <+luffy> that's some fucked up shit codehead
[13:53] <+luffy> that's the thing about swing trading.. if u trail ur stops too much... u get tagged
[13:53] <+luffy> sigh
[13:53] <@wrbtrader> Covered all ES Short @ 1037.25 --> - 1
[13:53] <+jbuch> Long ES @ 1037.25
[13:53] <+codehead> yeah, crazy--acorn people telling them they can get tax credits for "children" (the 16 yr old hookers)
[13:54] <+luffy> that's sick shit... they should be shot
[13:54] <+jbuch> wow
[13:54] <+jbuch> f@#$% people
[13:57] <@wrbtrader> Shorts ES @ 1036.25 -> medium size
[13:57] <@wrbtrader> 4 only
[13:57] <@wrbtrader> second try at that level
[13:57] <+jbuch> Exited all ES Long @ 1036 --> - 1.25
[13:57] <+jbuch> neg now
[13:59] <+codehead> treasury budget coming
[13:59] <@X> #FuturesTrades Info -> You must read #FuturesTrades purpose and benefits @
viewtopic.php?f=5&t=36 and TOU policy @
viewtopic.php?f=2&t=55 to prevent any misunderstandings.
[13:59] <+OICU812> slow day
[14:00] <+OICU812> very slow
[14:00] <+OICU812> i switched to the z contract and returned to the U contract, hate the charts of a new one
[14:00] <+luffy> there's a difference oic?
[14:02] <+OICU812> there is
[14:02] <@wrbtrader> Covered all ES Short @ 1036.25 --> 0
[14:02] <JimL14> 2:00pm USD Federal Budget Balance -111.4B act -155.5B -180.7B
[14:03] <+jbuch> shoot had a long 35.5 took it off at 36
[14:04] <+luffy> wow
[14:04] <@wrbtrader> Long ES @ 1037.25 -> medium size
[14:04] <+luffy> globex lo got touched
[14:04] <@wrbtrader> 4 only
[14:06] <@wrbtrader> Exited all ES Long @ 1036.50 --> - 0.75
[14:08] <+jbuch> long again
[14:09] <@wrbtrader> be back later...maybe things will heat up again upon return.
[14:09] <+OICU812> dont jinx me jb lol
[14:09] <+jbuch> Long ES @ 1036.25
[14:13] <+jbuch> took it off plus .25 back in same
[14:13] <+jbuch> shootdid 3 byh accident
[14:14] <+luffy> omg... quizznos.. buy 1 get 1 free
http://www.quiznos.com/promotions/pepsixtra/[14:15] <+jbuch> Exited 1/3 ES Long @ 1037 --> + 0.75
[14:16] <+luffy> nice
[14:16] <+luffy> i dont liek this chop... seems like the plays are a coin flip
[14:21] <tomosyn57> Long SSO @ 33.49
[14:21] <+jbuch> Exited 1/3 ES Long @ 1037.75 --> + 1.5
[14:22] <+tomosyn57> Exited 1/2 SSO Long @ 33.52 --> + 0.03
[14:22] <+codehead> NQ and ES both retest previous high
[14:23] <+tomosyn57> Exited Remainder SSO Long @ 33.51 --> + 0.02
[14:24] <+luffy> very nice guys
[14:25] <+jbuch> thanks
[14:26] <+jbuch> Exited Remainder ES Long @ 1037.75 --> + 1.5
[14:26] <+jbuch> pussed out
[14:26] <+codehead> 1039.75 is break for ABC
[14:26] <+luffy> yea could break out big
[14:27] <+jbuch> I think I need to turn the profit amount back off
[14:28] <+luffy> yea thats a good diea
[14:28] <+luffy> idea
[14:28] <+jbuch> wanna grabit
[14:28] <+luffy> the mkt dont care if u're up or down
[14:28] <+codehead> 1039.75 is ab=cd and .618 retracement
[14:30] <+jbuch> Long ES @ 1037.5
[14:31] <+luffy> broke up
[14:31] <+luffy> damn... if only i held that play
[14:31] <+luffy> hehe... lesson reinforced
[14:31] <+luffy> dont mess with stops and tgts on swing trades... everythign in the middle is noise
[14:31] <+luffy> don't let noise scare me out...
[14:32] <+codehead> 1039.75 is target, should be res for scalp short
[14:35] <+jbuch> Exited all ES Long @ 1039 --> + 1.5
[14:35] <+codehead> nice
[14:35] <+luffy> nice
[14:35] <+jbuch> I had the same exit that u do
[14:36] <+jbuch> but seemed to be fading so tightened brackets
[14:37] <+jbuch> to within 1 tick
[14:39] <+jbuch> back to morning gains think I will work on other things I seem out of tune today
[14:50] <+rickf> ugh. sorry i dropped off - i had lunch and then passed out for an hour
[14:51] <+jbuch> liquid lunch
[14:51] <+rickf> lol i wish
[14:51] <+rickf> *hic*
[14:51] <+jbuch>
[14:51] <+rickf> no leftovers, unfortunately
[14:52] <+jbuch> ur hanging out with werner
[14:52] <+rickf> heh nope it's grey and overcast here, and i did not
well last night so i guess it caught up with me
[14:53] <+rickf> anyone here still on open ecry? i see they've had major problems after the upgrade last week
[14:54] <+jbuch> never used them
[14:54] <+rickf> i've not traded w/them in a while myself
[14:55] <+jbuch> Long ES @ 1038
[14:56] <+jbuch> have an order to go long at 38 before it broke up forgot to cancel it
[14:57] <+jbuch> Exited all ES Long @ 1037.5 --> - 0.5
[14:57] <+jbuch> bummer
[15:08] <+luffy> rick... i had lunch and then passed out for an hour
lol
[15:08] <+luffy> did u have a huge lunch?
[15:08] <+rickf> heh
[15:08] <+rickf> nope
[15:09] <+luffy> ii cant wait til lunch...
[15:09] <+luffy> gotta wait til mkt close...
[15:12] <+rickf> waiting for a fill on a RUT spread (russel 2K)
[15:12] <+jbuch> Long ES @ 1037.5
[15:13] <+luffy> long looking good here...
[15:13] <+luffy> i'm very tempted
[15:14] <+rickf> so tempting to sell front-month with a week to go but no way i am risking getting pinned for a loss with only 6 days even if it has a nice premium
[15:16] <+luffy> have u made money arb the 2 contracts?
[15:16] <+rickf> me? i don't arb
[15:17] <+luffy> k
[15:17] <+rickf> just trying to set a pure volatility play here
[15:17] <+luffy> k
[15:23] <+jbuch> it is trying
[15:23] <+jbuch> trying for 39.75 on half
[15:24] <TraderG> yeeeeeeeeeeeeeeee ha
[15:24] <+TraderG> sorry
[15:24] <+rickf> lol
[15:24] <+jbuch> got it
[15:24] <+TraderG>
[15:24] <+jbuch> Exited 1/2 ES Long @ 1039.75 --> + 2.25
[15:24] <+luffy> nice jb
[15:25] <+rickf> wtg
[15:25] <+jbuch> thanks
[15:25] <+jbuch> tagged 1000 on tick
[15:27] <+jbuch> got my stop at 37.75
[15:27] <+rickf> short es 1939.25 paper
[15:29] <+luffy> jb u probably got 10 pts or more per car just scalping on the long side
[15:30] <+jbuch> breaks 40 then should be clear sailing to 42
[15:31] <+jbuch> tick divg
[15:32] <+jbuch> moved my stop up a lil
[15:33] <+jbuch> nice lil wedge forming here
[15:33] <+luffy> yea
[15:38] <+jbuch> Exited all ES Long @ 1038.5 --> + 1
[15:38] <+jbuch> bummer
[15:39] <+codehead> ok, was right about 1039.75 being scalp short
[15:39] <+codehead> was on phone tho
[15:39] <+codehead> doesn't look like we'll make a major move
[15:40] <@wrbtrader> Long ES @ 1039.00 -> small size
[15:40] <+OICU812> guys im done for the week
[15:40] <@wrbtrader> 3 only
[15:40] <+OICU812> have a good day
[15:40] <+rickf> cya
[15:41] <@wrbtrader>
[15:41] <@wrbtrader> oh oh
[15:42] <+jbuch> Long ES @ 1039.25
[15:43] <+jbuch> only have 1
[15:43] <@wrbtrader> Exited all ES Long @ 1040.25 --> + 1.25
[15:44] <@wrbtrader> luck trade...it was a trade error...saw something that really wasn't there
[15:46] <+jbuch> Exited all ES Long @ 1039.75 --> + 0.5
[15:47] <+jbuch> so much for the clear sailing theory
[15:52] <@wrbtrader> Shorts ES @ 1039.50 -> small size
[15:52] <@wrbtrader> 3 only
[15:52] <@wrbtrader> tricky trade
[15:52] <+rickf> as someone here used to proclaim regularly...."TANK!!"
[15:54] <@wrbtrader> preparing to reverse if needed going into rush hour traffic of 4pm est
[15:57] <@wrbtrader> Covered all ES Short @ 1038.00 --> + 1.5
[15:57] <+rickf> exit es 1038 +1.25 paper
[15:58] <@wrbtrader> my last trade of the day is also my best trade of the day
[15:58] <+rickf> ack
[15:59] <+rickf> one of those weeks?
[15:59] <@wrbtrader> didn't help to be gone to the store and missed that big move downwards soon after 11am est.
[16:00] <@wrbtrader> Great week of trading via profits from Wednesday and Thursday...best days of the week via volatility.
[16:02] <+rickf> ah well .... have a good w/e, everyone
[16:05] <@X> #FuturesTrades Info -> You must read #FuturesTrades purpose and benefits @
viewtopic.php?f=5&t=36 and TOU policy @
viewtopic.php?f=2&t=55 to prevent any misunderstandings.
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