Session Start: Wed Jan 07 09:30:28 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.
[09:31] <@NihabaAshi> Good morning all
[09:31] <rickf>
[09:31] <werner>
[09:31] <+rickf> short es 916.50
[09:32] <kosmipt>
[09:33] <szubaark> Shorts ES @ 915.50 «« paper »»
[09:34] <+rickf> exit 915.50 +1
[09:35] <+szubaark> Covered all Short ES at 917.50 --> - 2 «« paper »»
[09:35] <+szubaark> Buys ES @ 917.75 «« paper »»
[09:37] <+rickf> short es 916.75
[09:37] <+kosmipt> Long ES @ 916.50 «« simulator »»
[09:37] <+szubaark> Exited all Long ES at 915.75 --> - 2 «« paper »»
[09:38] <+szubaark> Shorts ES @ 915.75 «« paper »»
[09:38] <@NihabaAshi> Shorts ES @ 914.75 -> small size
[09:38] <@NihabaAshi> 3 only
[09:38] <@NihabaAshi> too soon
[09:38] <+rickf> exit es 915 +1.75
[09:40] <+rickf> another early exit
[09:44] <@NihabaAshi> Covered ES Short @ 916.50 --> - 1.75
[09:44] <@NihabaAshi> Reverse and Enter Long ES @ 916.50
[09:45] <pdays> Long TF @ 501.9
[09:45] <+pdays> Exited all TF Long @ 502.4 --> + 0.5
[09:45] <+szubaark> Covered all Short ES at 917.75 --> - 2 «« paper »»
[09:45] <+szubaark> Buys ES @ 918 «« paper »»
[09:46] <+szubaark> Exited all Long ES at 916 --> - 2 «« paper »»
[09:47] <+szubaark> gezzz
[09:47] <+szubaark> Shorts ES @ 916 «« paper »»
[09:47] <+rickf> 913-918 is a no go zone for me here
[09:48] <+szubaark> tough opening
[09:49] <+szubaark> back down
[09:50] <+rickf> long es 918
[09:50] <+szubaark> Covered all Short ES at 918.25 --> - 2.25 «« paper »»
[09:50] <+szubaark>
(
[09:50] <+szubaark> Buys ES @ 918.25 «« paper »»
[09:51] <+rickf> exit 918 b/e
[09:54] <+kosmipt> Exited all ES Long @ 919.50 --> + 3 «« simulator »»
[09:57] <jbuch> Long SPY @ 92.1 «« paper »»
[09:58] <+jbuch> Exited 1/3 SPY Long @ 92.2 --> + 0.1 «« paper »»
[09:59] <+szubaark> Exited all Long ES at 917.50 --> - 0.75 «« paper »»
[09:59] <+rickf> settting up for another range morning
[10:01] <+jbuch> Exited Remainder SPY Long @ 92.1 --> 0 «« paper »»
[10:02] <+szubaark> Shorts ES @ 917.25 «« paper »»
[10:02] <@NihabaAshi> Exited all ES Long @ 917.00 --> + 0.5
[10:03] <+jbuch> I think the gap is to large to close and to large to follow
[10:04] <+werner> Shorts NQ @ 1251.50
[10:04] <+werner> Covered all NQ Short @ 1250.25 --> + 1.25
[10:12] <@NihabaAshi> Long ES @ 917.75 -> small size
[10:12] <@NihabaAshi> 3 only
[10:13] <+kosmipt> Shorts ES @ 916.50 «« simulator »»
[10:13] <@NihabaAshi> Exited ES Long @ 915.75 --> - 2
[10:13] <@NihabaAshi> Reverse and Enter Short ES @ 915.75
[10:16] <+kosmipt> Covered all ES Short @ 913.50 --> + 3 «« simulator »»
[10:18] <@NihabaAshi> Covered all ES Short @ 912.25 --> + 3.5
[10:27] <+jbuch> Shorts SPY @ 91.38 «« paper »»
[10:28] <+rickf> EIA @ 1035
[10:31] <@NihabaAshi> Shorts ES @ 911.25 -> small size
[10:31] <@NihabaAshi> 3 only
[10:31] <+szubaark> Tightening Stop
[10:33] <+jbuch> Covered all SPY Short @ 938 --> - 846.62 «« paper »»
[10:34] <@NihabaAshi> should'uv dropped...market looks like it's waiting for Obama's first speech of 2009
[10:34] <+szubaark> exit stop set ES @ 912.75 «« paper »»
[10:34] <@NihabaAshi> I think his new conference speech is around 11am est
[10:34] <+rickf> all the presidents doing lunch today
[10:35] <+jbuch> obama press release now
[10:35] <@NihabaAshi> thanks
[10:36] <+rickf> WaPo Braking News - Stock Losses Leave Pensions Underfunded by $400 Billion
[10:36] <+jbuch> supposed to be now but he still has not come out
[10:36] <+rickf> not sure why that's "breaking" but it's all on the home page
[10:38] <+szubaark> ES stuck in mud
[10:39] <+szubaark> Covered all Short ES at 912.75 --> + 4.5 «« paper »»
[10:39] <+werner> Shorts NQ @ 1247.25
[10:40] <+werner> Covered all NQ Short @ 1245.25 --> + 2
[10:41] <@NihabaAshi> Obama's news conference schedule now for 1045am est
[10:41] <@NihabaAshi>
[10:41] <+werner> mm
[10:43] <+jbuch> sorry cnbc showed it starting 5 min ago and didn't revise
[10:43] <+werner> i see indd
[10:44] <+jbuch> now he is on
[10:50] <+szubaark> Shorts ES @ 911.25 «« paper »»
[10:59] <+werner> obama done
[11:04] <+szubaark> market in cruise control now
[11:06] <@NihabaAshi> Covered all ES Short @ 913.50 --> - 2.25
[11:10] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20[11:11] <+werner> Long NQ @ 1248.00
[11:12] <+werner> Exited all NQ Long @ 1249.00 --> + 1
[11:13] * codehead_afk is now known as codehead
[11:20] <+werner>
[11:43] <@NihabaAshi> Long ES @ 915.00 -> medium size
[11:43] <@NihabaAshi> 4 only
[11:46] <@NihabaAshi> trade error...lucky so far
[11:51] <@NihabaAshi> Had one trade error earlier today (3rd trade around 1012am est) that resulted in a big loss.
[11:51] <@NihabaAshi> Ok with me to see a trade error go profitable
[11:53] <+szubaark> this is "weird" price action for it to retrace so much after such weak opening
[11:54] <@NihabaAshi> Exited all ES Long @ 917.50 --> + 2.5
[12:00] <+jbuch> Shorts SPY @ 91.94 «« paper »»
[12:01] <+jbuch> oops paulson is about to start speaking
[12:02] <+rickf> back
[12:03] <+jbuch> Covered 2/3 SPY Short @ 91.75 --> + 0.19 «« paper »»
[12:03] <codehead> long YM 8807 <paper>
[12:03] <+codehead> exit half +7 <paper>
[12:03] <+codehead> stop on reminder 8806 <paper>
[12:04] <+codehead> this is an entry on wave symmetry target
[12:04] <+codehead> would have prefered a similar entry in the other direction at 8838 (short)
[12:04] <+codehead> but was busy
[12:05] <+codehead> make that stop 8805 <paper>
[12:06] <+codehead> exit YM 8820 <paper>
[12:06] <+codehead> +13
[12:06] <+jbuch> Covered Remainder SPY Short @ 91.81 --> + 0.13 «« paper »»
[12:06] <+werner> Shorts NQ @ 1252.00
[12:08] <+werner> Covered all NQ Short @ 1251.00 --> + 1
[12:12] <+jbuch> Shorts SPY @ 91.79 «« paper »»
[12:14] <@NihabaAshi> Shorts ES @ 915.00 -> small size
[12:14] <@NihabaAshi> 3 only
[12:16] <+rickf> looking short but too much indecision right now
[12:17] <@NihabaAshi>
[12:18] <+jbuch> Covered all SPY Short @ 91.74 --> + 0.05 «« paper »»
[12:18] <+jbuch> messy day so far
[12:19] <+szubaark> extremely tough if you Long OR Short
[12:19] <+szubaark> nasty candle forming right now
[12:20] <+jbuch> yeah
[12:20] <@NihabaAshi> Covered ES Short @ 915.50 --> - 0.5
[12:20] <@NihabaAshi> Reverse and Enter Long ES @ 915.50
[12:21] <+rickf> short es 914.25
[12:21] <@NihabaAshi> Exited all ES Long @ 914.00 --> - 1.5
[12:21] <+werner> Long NQ @ 1250.50
[12:21] <@NihabaAshi> pop than pullback = news
[12:22] <+jbuch> Shorts SPY @ 91.72 «« paper »»
[12:23] <+jbuch> 91.69
[12:23] <+jbuch> wimped out
[12:23] <+werner> Exited all NQ Long @ 1250.00 --> - 0.5
[12:23] <+rickf> exit es 913.75 +.50
[12:23] <+rickf> jb - i'm with ya
[12:24] <+szubaark> hard to read this price Action as trends are quickly reversed
[12:24] <+rickf> now it moves
[12:24] <+szubaark> lol
[12:24] <+rickf> murphy's law of markets - exit your trade, it goes your way
[12:24] <+jbuch> yup :9
[12:24] <+szubaark> CME police must be watching this room
[12:25] <+rickf> owell - safe than sorry
[12:40] <+szubaark> this market Loves these tight, small ranges
[12:47] <+werner> Shorts NQ @ 1250.50
[12:47] <+rickf> true - right now, imho "the only winning move is not to play"
[12:47] <+rickf> at least for me trend-trading
[12:48] <+werner> Covered all NQ Short @ 1249.00 --> + 1.5
[12:50] <+szubaark> each important "fib" level gets chop range before any meaningful move
[12:51] <+rickf> i gave up plotting fibs -- kept redrawing them for each major swing, spent more time drawing than trading/watching
[12:51] <+rickf> uncanny as they are, though
[12:55] <+szubaark> i just like to see followthru and Volatility too low for that
[12:57] <+rickf> some days we get it, some days we dont
[13:16] <+werner> wow
[13:16] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20[13:19] <+codehead> ES downside target 907, with a couple of fib levels just under lows (mid 908)
[13:21] <+werner> Long NQ @ 1249.25
[13:22] <+werner> Exited all NQ Long @ 1250.50 --> + 1.25
[13:34] <PeterPanBoy> Shorts ES @ 914 «« paper »»
[13:35] <+PeterPanBoy> Covered 1/2 ES Short @ 913.5 --> + 0.5 «« paper »»
[13:35] <+PeterPanBoy>
all
[13:35] <+rickf> gday
[13:35] <+PeterPanBoy> thanks
[13:37] <+PeterPanBoy> Covered Remainder ES Short @ 913.75 --> + 0.25 «« paper »»
[13:37] <+rickf> i am tempted to just shut down ... this is painful to watch and wait
[13:37] <+rickf> avoid temptation and stupid trades
[13:37] <+PeterPanBoy> Shorts ES @ 913.75 «« paper »»
[13:38] <+PeterPanBoy> really hard not tempted
[13:38] <+szubaark> if you Up for day, i would quit, but im down so need to keep
try to go Plus for day
[13:38] <+szubaark> those morning Whipsaws got me good
[13:40] <+rickf> agree
[13:40] <+PeterPanBoy> Covered 1/2 ES Short @ 913 --> + 0.75 «« paper »»
[13:41] <+PeterPanBoy> Covered Remainder ES Short @ 912.75 --> + 1 «« paper »»
[13:42] <+szubaark> 5th attempt at the lows, geezzz
[13:42] <+szubaark> needs to break this time or we flying up
[13:43] <+PeterPanBoy> near intraday low
[13:45] <+szubaark> FINALLY broke after i almost went to
[13:46] <rickf_> .
[13:46] <+rickf_> system crashed
[13:46] <+szubaark>
[13:53] <+codehead> ES 2-3 ticks form short target mentioned earlier
[13:54] <+codehead> some fib support here
[13:57] <+codehead> ES target tapped
[13:59] <+szubaark> 900 major Target
[14:07] <+PeterPanBoy> Shorts ES @ 906.5 «« paper »»
[14:07] * forex2stay is now known as Forex2stay_Away
[14:09] <+PeterPanBoy> Covered 1/2 ES Short @ 906.75 --> - 0.25 «« paper »»
[14:11] <+PeterPanBoy> Covered Remainder ES Short @ 906.25 --> + 0.25 «« paper »»
[14:12] <+PeterPanBoy> Long ES @ 906.25 «« paper »»
[14:13] <+PeterPanBoy> Exited 1/2 ES Long @ 906 --> - 0.25 «« paper »»
[14:13] <+jbuch> Long SPY @ 90.91 «« paper »»
[14:14] <+PeterPanBoy> Exited Remainder ES Long @ 906.5 --> + 0.25 «« paper »»
[14:15] <+PeterPanBoy> Shorts ES @ 907.5 «« paper »»
[14:15] <+jbuch> Exited 2/3 SPY Long @ 91.02 --> + 0.11 «« paper »»
[14:15] <+PeterPanBoy> Covered 1/2 ES Short @ 907.25 --> + 0.25 «« paper »»
[14:15] <+PeterPanBoy> Covered Remainder ES Short @ 907 --> + 0.5 «« paper »»
[14:17] <+PeterPanBoy> Shorts ES @ 907 «« paper »»
[14:18] <+PeterPanBoy> Covered 1/2 ES Short @ 906.75 --> + 0.25 «« paper »»
[14:19] <+PeterPanBoy> Covered Remainder ES Short @ 907 --> 0 «« paper »»
[14:19] <+jbuch> Exited Remainder SPY Long @ 90.94 --> + 0.03 «« paper »»
[14:23] <@NihabaAshi> Shorts ES @ 905.00 -> medium size
[14:23] <@NihabaAshi> 4 only
[14:23] <@NihabaAshi> late to the show but should be a good "chaser"
[14:27] <+jbuch> Long SPY @ 90.81 «« paper »»
[14:30] <+jbuch> Exited SPY Long @ 90.83 --> + 0.02 «« paper »»
[14:30] <+jbuch> Reverse and Enter Short SPY @ 90.83 «« paper »»
[14:30] <+jbuch> Covered all SPY Short @ 90.77 --> + 0.06 «« paper »»
[14:31] <+szubaark> doji's showing up
[14:31] <+jbuch> ya I should have never got into either position
[14:34] <+codehead> ES at a possible low
[14:35] <+szubaark> dont feel bad i do it all the time
[14:35] <@NihabaAshi> Covered all ES Short @ 94.50 --> + 810.5
[14:35] <@NihabaAshi> ooops
[14:35] <+codehead> :-)
[14:35] <+werner> lol
[14:35] <@NihabaAshi> Covered all ES Short @ 904.50 --> + 0.5
[14:35] <+PeterPanBoy> nice nihaba 810 points
[14:36] <+codehead> ES hit a 1.618 extension
[14:36] <+codehead> tapped it on the button
[14:36] <+PeterPanBoy> Shorts ES @ 905.5 «« paper »»
[14:37] <+PeterPanBoy> maybe last trade for today
[14:37] <+PeterPanBoy> Covered 1/2 ES Short @ 905 --> + 0.5 «« paper »»
[14:37] <+PeterPanBoy> Covered Remainder ES Short @ 905 --> + 0.5 «« paper »»
[14:38] <+szubaark> looks like its ready to do one of those Long retraces again
[14:38] <+PeterPanBoy> of course go down without me
[14:38] <+szubaark> Patiance of a Saint is key today
[14:39] <+PeterPanBoy> anyway better small gain than nothing
)
[14:39] <+jbuch> the market is mean today
[14:39] <+rickf_> kinda hard to even look short untilit breaks 900 and holds
[14:39] * rickf_ is now known as rickf
[14:39] <+PeterPanBoy> today was heavy day for me
[14:39] <+szubaark> yes rick, 900 just seems good Even psychological #
[14:39] <+PeterPanBoy> so I close here
[14:39] <+PeterPanBoy> see ya tomorrow
[14:39] <+PeterPanBoy> bye
[14:39] <+rickf> cya
[14:39] <+szubaark> "heavy"?
[14:40] <+jbuch> ya but it seems along way off today
[14:40] <+PeterPanBoy> yes heavy outside trading
[14:40] <+rickf> yeah but psychological target anyway
[14:40] <+szubaark> thats what happens when VIX goes down, every Tick is hard labor
[14:40] <+rickf> dont want to play against herd mentality until the herd goes in the same direction at once
[14:40] <+rickf> then jump on
[14:40] <+szubaark> u had some dib buyas at this 903 level
[14:41] <+PeterPanBoy> ok see ya next time have a nice day all...
[14:41] <+szubaark> bye
[14:41] <+PeterPanBoy> bye
[14:41] <+jbuch> cya
[14:41] <+PeterPanBoy> bye
[14:44] <+szubaark> Covered all Short ES at 906 --> + 5.25 «« paper »»
[14:45] <+jbuch> nice
[14:45] <+szubaark> thanx.. tough trade
[14:45] <+jbuch> saint like patience
)
[14:46] <+szubaark> wanted 900, but they gonna retrace here and they can do it WITHOUT ME
[14:47] <+jbuch> at the rate were going it will take a month to hit 900
[14:52] <+rickf> wtg
[14:58] <@NihabaAshi> Shorts ES @ 903.00 -> small size
[14:58] <@NihabaAshi> 3 only
[14:58] <+codehead> long YM 2c 8715 <paper> stop 8699
[14:58] <+codehead> needs to hold 8705 really
[14:59] <@NihabaAshi> I'm sitting at a loss for the day when commissions calculated...need a profitable trade to go green overall for the day.
[15:03] <+codehead> looking like another leg down unless we get some short covering soon
[15:03] <+rickf> last hour
[15:03] <+codehead> yep
[15:03] <+codehead> yesterday we got a reversal right there
[15:04] <+codehead> signals look down tho
[15:04] <+rickf> still wont short above 900
[15:04] <+jbuch> Shorts SPY @ 90.59 «« paper »»
[15:05] <+codehead> stoped -16 YM 2c <paper>
[15:05] <+jbuch> Covered 2/3 SPY Short @ 90.50 --> + 0.09 «« paper »»
[15:06] <+szubaark> Buys ES @ 900.25 «« paper »»
[15:06] <+jbuch> Covered Remainder SPY Short @ 90.29 --> + 0.3 «« paper »»
[15:07] <+jbuch> opps 90.29
[15:07] <+codehead> on 120 min chart, have target 8592
[15:07] <@NihabaAshi> Covered all ES Short @ 899.75 --> + 3.25
[15:08] <@NihabaAshi> Going to call it quits for the day to ensure it's a profitable day because it's too late to make mistakes and then try to recover from those mistakes.
[15:08] <@NihabaAshi>
all
[15:08] <@NihabaAshi> Take care and see all tomorrow
[15:08] <+werner> bye
[15:08] <+szubaark> im still down, so will try to go plus at all costs
[15:08] <+rickf> cya
[15:09] <+jbuch> night
[15:09] <+szubaark> 15 point creeper slide,should bounce a little
[15:09] <+codehead> near term, i have 8665
[15:10] <+szubaark> i just want a "few" points
[15:10] <+codehead> YM has consolidated this area before several times
[15:10] <+codehead> long 1c YM 8680
[15:10] <+codehead> stop 8649
[15:10] <+codehead> <paper>
[15:10] <+rickf> funny how hard it is to get a "few" points
[15:11] <+rickf> everyone thinks the ads are right, that it's soooooo easy
[15:11] <+werner>
[15:11] <+codehead> 8701 first target
[15:11] <+szubaark> they seem to forget about COMMISSIONS and LOSSES
)
[15:11] <+jbuch> it easy to get a point
[15:12] <+rickf> yes ...but hard to keep it
[15:12] <+szubaark> CONSISTANCY is name of the game, thats almost Impossible
[15:12] <+jbuch> unfortunatly it just as easy to lose one
[15:16] <+szubaark> Exited all Long ES at 900.75 --> + 0.5 «« paper »»
[15:16] <+szubaark> i have too much "fear" to hold this Long
[15:17] <+rickf> my problem is one chart says 'get ready to trade' and other one says 'not yet'
[15:17] <+szubaark> im still down for day due to commissions
[15:17] <+rickf> i prefer the slower chart
[15:18] <+szubaark> Shorts ES @ 900 «« paper »»
[15:19] <+szubaark>
[15:20] <+szubaark> gonna give this some room as im with the overall trend, any bounce should be short lived
[15:20] <+codehead> exit YM +26 <paper>
[15:21] <+codehead> will gamble long 1c above 8711
[15:22] <+codehead> but preferable on dip entry
[15:22] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20[15:23] <+codehead> long 1c YM 8694 <paper>
[15:24] <+codehead> stop 8704 YM <paper>
[15:24] <+szubaark> here comes the retrace
[15:24] <+szubaark>
[15:25] <+codehead> raise stop 8706 <paper>
[15:26] <+codehead> stopped +11 YM <paper>
[15:26] <+codehead> +12 i mean
[15:27] <+rickf> grrrrr
[15:27] <+rickf> not moving higher, too scared to short
[15:28] <+szubaark> well, with Short u got trend on your side, Long is gamble
[15:28] <+codehead> getting some dip covering, not making lower lows
[15:28] <+rickf> yes but psyche support at 900
[15:28] <+rickf> dont wanna get caught in that battle
[15:31] <+rickf> long es 904.50
[15:31] <+szubaark> yup i Shorted the bottom
[15:32] <+szubaark> got to sit thru this frikin retrace now
[15:33] <+rickf> out 904 -.5
stopped
[15:36] <+jbuch> Shorts SPY @ 90.64 «« paper »»
[15:37] <+jbuch> Covered 1/3 SPY Short @ 90.54 --> + 0.1 «« paper »»
[15:38] <+jbuch> Covered 1/3 SPY Short @ 90.47 --> + 0.17 «« paper »»
[15:38] <+szubaark> 900 retest coming up.. if breaks could get ugly end of day
[15:41] <+jbuch> Covered Remainder SPY Short @ 90.42 --> + 0.22 «« paper »»
[15:41] <+szubaark> not much time left, needs to move SOONNN
[15:42] <+rickf> short from 901.50
[15:44] * +rickf stopped 901.50 b/e
[15:45] <+szubaark> heh.. it wont just go down without fakeuts up an ddown
[15:45] <+rickf> should have left my limit target in
[15:46] <+szubaark> nail biter here
[15:48] <+werner> grrr ..last hour zero fills on my entries
[15:49] <+szubaark> here we go
[15:50] <+rickf> short from 900.50 1.5 trail
[15:53] <+werner> i call it a day......gn all
[15:53] <+codehead> cya
[15:53] <+szubaark> bye
[15:53] * +rickf stopped
[15:56] <+szubaark> big up candle then stomp it down HARD
[15:57] <+rickf> long es 902.75 stop at b/e now
[16:00] <+szubaark> exit stop set ES @ 905.50 «« paper »»
[16:00] <+rickf> hit and out
[16:00] <+rickf> ok see you later
[16:02] <+jbuch> cya
[16:03] <+jbuch> not to be a broken record but man that wa s a messy day
[16:09] <+jbuch> night all
[16:10] <+szubaark> Covered all Short ES at 904.75 --> - 4.75 «« paper »»
[16:14] <+szubaark> crap.. ended NEGATIVE.. 3rd losing day in a row
((
Session Close: Wed Jan 07 16:48:23 2009
