##TheStrategyLab Price Action Chat Room Logs

Session Start: Mon Jan 05 09:23:19 2009
Session Ident: #FuturesTrades
[09:23] * Now talking in #FuturesTrades
[09:23] <@X> [NihabaAshi] Announcement: The new trade posting script version 3.7 is posted at your forum in the "Announcements" thread in a message post titled "New Trade Posting Script (version 3.7) is available".
[09:34] <rickf> short es 921.50
[09:35] <szubaark> .
[09:35] <+rickf> out 922.50 -1
[09:35] <+rickf> chart lag
[09:39] <@NihabaAshi> Shorts ES @ 922.00 -> small size
[09:40] <+szubaark> Shorts ES @ 920.25 «« paper »»
[09:42] <+szubaark> Covered all Short ES at 919.25 --> + 1 «« paper »»
[09:42] <@NihabaAshi> Covered 2/3 ES Short @ 919.75 --> + 2.25
[09:42] <pdays> Shorts TF @ 503.5 «« testing script »»
[09:42] <+pdays> opps
[09:42] <+pdays> Shorts TF @ 503.5
[09:43] <+pdays> Covered all TF Short @ 501.7 --> + 1.8
[09:43] <+pdays> gap fill play
[09:44] <@NihabaAshi> Covered Remainder ES Short @ 920.50 --> + 1.5
[09:54] <+rickf> short es 919
[09:54] <@NihabaAshi> Long ES @ 919.00 -> small size
[09:54] <@NihabaAshi> 2 only
[09:55] <+rickf> out 917.25
[09:55] <+rickf> +1.75
[09:55] <+rickf> risky short near LOD
[09:56] <@NihabaAshi> Exited ES Long @ 917.00 --> - 2
[09:56] <@NihabaAshi> Reverse and Enter Short ES @ 917.00
[10:00] <@NihabaAshi> Covered ES Short @ 919.00 --> - 2
[10:00] <@NihabaAshi> Reverse and Enter Long ES @ 919.00
[10:00] <+rickf> constructon spending report
[10:02] <+rickf> ocnsensus was -1.3pct actual -.6pct
[10:03] <+pdays> Shorts ES @ 920.25
[10:03] <+pdays> Covered all ES Short @ 919.75 --> + 0.5
[10:03] <+pdays> RTTR
[10:08] <+szubaark> Buys ES @ 902.75 «« paper »»
[10:09] <+szubaark> Buys ES @ 920.75 «« paper »»
[10:09] <+szubaark> Exited all Long ES at 921.75 --> + 1 «« paper »»
[10:11] <@NihabaAshi> Exited all ES Long @ 922.00 --> + 3
[10:26] <+szubaark> Buys ES @ 924.50 «« paper »»
[10:27] <+szubaark> Exited all Long ES at 922.50 --> - 2 «« paper »»
[10:27] <+szubaark> Shorts ES @ 922.50 «« paper »»
[10:28] <+szubaark> Covered all Short ES at 924.75 --> - 2.25 «« paper »»
[10:28] <+szubaark> Whipsaws
[10:28] <+szubaark> Buys ES @ 925 «« paper »»
[10:35] <+szubaark> Tightening Stop
[10:40] <+szubaark> exit stop moved to breakeven ES @ 925 «« paper »»
[10:41] <+rickf> these quiet trends never gives me enough confidence to enter
[10:42] <+szubaark> I got whipped twice so figured this breakout would be good and so far it is
[10:44] <+szubaark> Exited all Long ES at 930 --> + 5 «« paper »»
[11:02] <@NihabaAshi> Shorts ES @ 928.50 -> small size
[11:02] <@NihabaAshi> 3 only
[11:05] <@NihabaAshi> I have no patience today nor do I feel like I have an understanding of the price action...
[11:05] <@NihabaAshi> Normal for me after a long holiday off from the markets.
[11:06] <+szubaark> ring rust?
[11:06] <@NihabaAshi> Yep
[11:09] <+szubaark> Buys ES @ 929.75 «« paper »»
[11:11] <@NihabaAshi> Covered ES Short @ 929.25 --> - 0.75
[11:11] <@NihabaAshi> Reverse and Enter Long ES @ 929.25
[11:13] <+szubaark> Tightening Stop
[11:17] <+szubaark> Exited all Long ES at 928.25 --> - 1.5 «« paper »»
[11:17] <+szubaark> Shorts ES @ 928.25 «« paper »»
[11:20] <@NihabaAshi> Exited ES Long @ 927.75 --> - 1.5
[11:20] <@NihabaAshi> Reverse and Enter Short ES @ 927.75
[11:22] <+szubaark> Covered all Short ES at 926.50 --> + 1.75 «« paper »»
[11:25] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @ viewforum.php?f=20
[11:25] <+szubaark> im starting to get BEarish
[11:33] <@NihabaAshi> Covered all ES Short @ 925.75 --> + 2
[11:35] <+szubaark> Buys ES @ 926.25 «« paper »»
[11:39] <@NihabaAshi> Long ES @ 926.50 -> small size
[11:39] <@NihabaAshi> 3 only
[11:42] <+szubaark> exit stop moved to breakeven ES @ 926.25 «« paper »»
[11:43] <+szubaark> Exited all Long ES at 926.25 --> 0 «« paper »»
[11:44] <+szubaark> (
[11:44] <+szubaark> gave it enough time and room not going anywhere
[11:51] <+szubaark> Shorts ES @ 926.75 «« paper »»
[11:52] <@NihabaAshi> Exited all ES Long @ 927.00 --> + 0.5
[11:53] <+szubaark> Covered all Short ES at 925.75 --> + 1 «« paper »»
[11:56] <@NihabaAshi> Shorts ES @ 926.00 -> small size
[11:56] <@NihabaAshi> 3 only
[12:17] <@NihabaAshi> Covered ES Short @ 928.00 --> - 2
[12:17] <@NihabaAshi> Reverse and Enter Long ES @ 928.00
[12:26] <@NihabaAshi> Exited all ES Long @ 928.50 --> + 0.5
[12:29] <+pdays> Long ES @ 928.5
[12:34] <+pdays> Exited all ES Long @ 929.0 --> + 0.5
[12:35] <@NihabaAshi> Shorts ES @ 928.25 -> small size
[12:35] <@NihabaAshi> 3 only
[12:35] <+szubaark> Shorts ES @ 927.50 «« paper »»
[12:36] <+szubaark> Covered all Short ES at 926.50 --> + 1 «« paper »»
[12:46] <@NihabaAshi> Covered all ES Short @ 927.50 --> + 0.75
[12:48] <@NihabaAshi> Long ES @ 927.50 -> small size
[12:48] <@NihabaAshi> 3 only
[12:51] <+szubaark> Shorts ES @ 925.50 «« paper »»
[12:51] <@NihabaAshi> Exited ES Long @ 925.50 --> - 2
[12:51] <@NihabaAshi> Reverse and Enter Short ES @ 925.50
[12:54] <+szubaark> Tightening Stop
[12:55] <@NihabaAshi> Covered all ES Short @ 926.00 --> - 0.5
[12:56] <+szubaark> Contracting Volatility right at my Entry (
[12:56] <+szubaark> will need a spike to downside soon or im OUT
[12:57] <+szubaark> Covered all Short ES at 924.50 --> + 1 «« paper »»
[12:57] <+szubaark> hi code
[12:57] <codehead> hi szu, folks
[13:01] <@NihabaAshi> Long ES @ 728.00 -> medium size
[13:01] <@NihabaAshi> 4 only
[13:01] <@NihabaAshi> horrible entry
[13:03] <+codehead> short YM 8930 <paper>
[13:03] <+codehead> small
[13:03] <+codehead> stop 8941
[13:04] <+codehead> stop 8936--don't like this
[13:04] <+codehead> stopped out :-/
[13:04] <+codehead> have target 8985
[13:04] <+codehead> so was bad idea here
[13:04] <@NihabaAshi> Exited all ES Long @ 928.75 --> + 200.75
[13:05] <@NihabaAshi> ooops
[13:05] <+codehead> 8952, 8985 targets upside
[13:05] <@NihabaAshi> That's suppose to show +0.75
[13:06] <+codehead> short small YM 9031 <paper>
[13:06] <+codehead> stop 8941
[13:08] <+codehead> exit half YM +9 <paper>
[13:08] <+codehead> stop remainder b/e
[13:08] <+codehead> out b/e remainder <paper>
[13:10] <+codehead> short 1c YM 8924 <paper>
[13:10] <+codehead> stop 8941 <paper>
[13:11] <+codehead> signal was 3 min zlr short cci
[13:13] <+codehead> don't like this signal, but playing it out
[13:15] <+codehead> looks more long than short
[13:16] <+codehead> exit Ym -7 <paper> 1c
[13:16] <+codehead> could go either way, just a gamble
[13:16] <+rickf> weak weak ZLR i think
[13:17] <+codehead> need to wait for a breakout before trading
[13:19] <+codehead> short 1c YM 8927 <paper>
[13:20] <+codehead> stop 8941 <paper>
[13:20] <+codehead> it's long if it breaks that
[13:21] <+codehead> stopped -14 YM <paper>
[13:22] <+codehead> 8952 then 8985 targets
[13:25] <+szubaark> Buys ES @ 930 «« paper »»
[13:25] <+codehead> first target hit
[13:27] <+codehead> exactly, then pullback
[13:28] <+szubaark> Exited all Long ES at 928 --> - 2 «« paper »»
[13:28] <+szubaark> Shorts ES @ 928 «« paper »»
[13:28] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @ viewforum.php?f=20
[13:33] <+szubaark> exit stop set ES @ 930 «« paper »»
[13:34] <+szubaark> Tough area here to stay in a trade
[13:38] <+szubaark> Increasing Profit Target
[13:40] <+codehead> YM got within a tick of downside wave target at 8913
[13:45] <+szubaark> Covered all Short ES at 929.25 --> - 1.25 «« paper »»
[13:45] <+szubaark> Buys ES @ 929.50 «« paper »»
[13:46] <@NihabaAshi> Too many chasers today for me
[13:46] <+rickf> me too
[13:46] <@NihabaAshi> Long ES @ 929.00 -> small size
[13:47] <+szubaark> Exited all Long ES at 927.50 --> - 2 «« paper »»
[13:47] <+szubaark> Shorts ES @ 927.50 «« paper »»
[13:47] <+szubaark> each breakout is faded
[13:48] <@NihabaAshi> Yeah...reason why it's dangerous today to chase
[13:48] <+szubaark> should be good move when we breakout either way as people are getting trapped left and right
[13:49] <+rickf> seeing higher lows but not higher highs
[13:49] <+rickf> on the es
[13:50] <+szubaark> almost whole full hour of this nonsense here
[13:50] <+codehead> on upside, after 8952 breaks, 8970 and 8985 wave symmetry targets
[13:51] <+codehead> 8970 being the short-term view, 8985 a longer frame target
[13:51] <+szubaark> Covered all Short ES at 929.50 --> - 2 «« paper »»
[13:51] <+szubaark> will watch here, got hit 4 times in this area
[13:52] <+codehead> pretty narrow range today huh
[13:52] <+rickf> yup
[13:52] <+szubaark> we had nice swings all day until now LOL
[13:53] <+szubaark> Buys ES @ 931 «« paper »»
[13:55] <@NihabaAshi> Exited all ES Long @ 932.00 --> + 3
[13:55] <@NihabaAshi> Lucky trade considering it was a big time chaser.
[13:56] <+codehead> 8970 target hit
[13:57] <+szubaark> Greedy targets
[13:59] <+szubaark> geezz.. stalled here
[13:59] <+szubaark> Exited all Long ES at 931.75 --> + 0.75 «« paper »»
[14:00] <+szubaark> Buys ES @ 932.75 «« paper »»
[14:00] <+szubaark> Chasing
[14:03] <+codehead> after 8985, 9007-9009; 9025 was december high
[14:05] <@NihabaAshi> Long ES @ 933.25 -> small size
[14:05] <@NihabaAshi> 2 only
[14:07] <@NihabaAshi> Exited all ES Long @ 933.50 --> + 0.25
[14:09] <+szubaark> Exited all Long ES at 931.50 --> - 1.25 «« paper »»
[14:09] <+szubaark> Shorts ES @ 931.50 «« paper »»
[14:11] <+codehead> have higher YM targets, but first pullback targets 8951-52
[14:11] <+szubaark> tricky action since 12:35 eastern
[14:11] <+codehead> on fibs, 8943 area a likely bounce
[14:12] <+codehead> then 8930
[14:12] <+codehead> 8930-32
[14:14] <+codehead> 8951-54 wave symmetry and fib confluence
[14:14] <+codehead> as well as breakout of previous
[14:14] <+codehead> so expect some buyers and covering starting there
[14:14] <@NihabaAshi> Shorts ES @ 930.75 -> small size
[14:14] <@NihabaAshi> 2 only
[14:15] <+szubaark> yea looking like a failed breakout
[14:15] <+codehead> long 1c 8955 YM <paper>
[14:15] <+rickf> short es 930.75
[14:17] <+rickf> exit es 930.50 +.25
[14:18] <+rickf>
[14:18] <+szubaark> Covered all Short ES at 929.50 --> + 2 «« paper »»
[14:18] * +rickf saw a huge bid-ask imbalance and bailed early
[14:18] <+codehead> add 1c YM 8940 <paper>
[14:19] <@NihabaAshi> Covered all ES Short @ 929.00 --> + 1.75
[14:21] <+rickf> short es 929
[14:21] <+codehead> add 1c YM 8922 <paper>
[14:22] <+rickf> out 926.50 +2.5
[14:22] <@NihabaAshi> I'm mentally exhausted...I think that holiday vacation from trading was too long
[14:22] <@NihabaAshi> Be back later
[14:22] * NihabaAshi is now known as NihabaAshi_away
[14:27] <+codehead> exit -12 average YM <paper> :-/
[14:29] <+szubaark> Shorts ES @ 926.25 «« paper »»
[14:35] <+szubaark> Covered all Short ES at 926.25 --> 0 «« paper »»
[14:35] <+szubaark> missed my Target by 1 tick
[14:38] <+rickf> short es 926.25
[14:40] <+szubaark> Shorts ES @ 925.75 «« paper »»
[14:40] <+rickf> exit 925.75 +.50
[14:40] <+rickf> jumpy
[14:45] <+szubaark> nasty looking candles
[14:45] <+rickf> 3min?
[14:45] <+szubaark> yup
[14:46] <+szubaark> Sellers taking over
[14:46] <+rickf> that's why it goes down
[14:46] <+rickf>
[14:47] <+szubaark> also Longs bailing out
[14:47] <+rickf> missed that entry - couldn't get my order queued in time
[14:48] <+szubaark> rick, i got orders witing, market too fast to enter manualy
[14:48] <+rickf> oh i just click on the dom to fire the order - but was typing, not clicking
[14:48] <+rickf> ie i wasn't "ready"
[14:49] <+codehead> short 1c YM 8896 <paper>
[14:51] <+codehead> stop 8901--tight cuz it's stalling here
[14:51] <+szubaark> still has more room to downside for my target
[14:52] <+codehead> exit YM long +15 <paper>
[14:52] <+codehead> have 8972 target though first, then 8940
[14:52] <+codehead> 8872, 8840 scuze me
[14:53] <+codehead> 8872 hit
[14:53] <+szubaark> 920 ES i see target
[14:55] <+szubaark> Covered all Short ES at 923.25 --> + 2.5 «« paper »»
[14:55] <+szubaark> too many dip buyas
[15:01] <+codehead> 8925-8930 area the volume peak of the day, clear center of activity
[15:05] <+rickf> last hour
[15:06] <+rickf> long es 926
[15:08] <+rickf> out 926 -1
[15:09] <+szubaark> Shorts ES @ 924 «« paper »»
[15:12] <+rickf> short es 923.25
[15:14] <+szubaark> Covered all Short ES at 922 --> + 2 «« paper »»
[15:14] <+szubaark> Shorts ES @ 921 «« paper »»
[15:15] <+rickf> exit es 921 +2.25
[15:16] <+szubaark> nice
[15:18] <+szubaark> Dip buyas at every new low
[15:18] <+szubaark> frikin tick scalpers
[15:19] <+szubaark> tough to hold position other then scalps
[15:19] <+szubaark> Covered all Short ES at 921.75 --> - 0.75 «« paper »»
[15:20] <+szubaark> Buys ES @ 922 «« paper »»
[15:23] <+szubaark> Exited all Long ES at 920 --> - 2 «« paper »»
[15:23] <+szubaark> Shorts ES @ 920 «« paper »»
[15:25] <+szubaark> nasty candles with Long Wicks, trying hard to shake everyone out then go their way
[15:34] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @ viewforum.php?f=20
[15:38] <+rickf> long es 922.50
[15:40] <+rickf> exit es 924.50 +2
[15:41] <+rickf> done for the day
[15:42] <+szubaark> looking for this upmove to get faded to downside
[15:42] <+rickf> agree
[15:42] <+szubaark> then whack Stops below low of day
[15:42] <+rickf> i figured the last week's run-up would reverse once the pros got back to their desks this week
[15:45] <+szubaark> not much time left so they need to do it Fast
[15:49] <+szubaark> here comes the calvary
[15:49] <+rickf> nope
[15:50] <+rickf> ok well i never liked horses anyway
[15:50] <+rickf> yeah might pop up
[15:56] <+codehead> that YM cluster 8840 and just under had plenty of buyers
[15:59] <+szubaark> Covered all Short ES at 925 --> - 5 «« paper »»
[15:59] <+szubaark> Buys ES @ 925 «« paper »»
[15:59] <+szubaark> got me on that one
[16:00] <+szubaark> need this to rally now to go POSITIVE on day
[16:03] <+rickf> gl on the trade szu -- see y'all tomorrow
[16:03] <+szubaark> bye
[16:03] <+szubaark> 930+ im back to POSITIVE on day
[16:11] <+szubaark> Exited all Long ES at 926.50 --> + 1.5 «« paper »»
[16:30] <@NihabaAshi_away> Take care all and see all tomorrow
[17:37] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @ viewforum.php?f=20
Session Close: Tue Jan 06 00:00:00 2009