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: Mon May 11 09:30:31 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] <kosmipt> Shorts ES @ 911.25 «« simulator »»
[09:31] <rickf> most ES trades will be paper for me -- want to make sure platform update is working correctly
[09:31] <stick2it>
[09:31] <drt> ggm
[09:31] <ItalianSharp>
[09:31] <+kosmipt> Shorts ES @ 911 -> Add «« simulator »»
[09:32] <Nesi> we turning ...and trending now...imho
[09:32] <+kosmipt> Covered 1/2 ES Short @ 911.50 --> - 0.5 «« simulator »»
[09:33] <+kosmipt> Covered Remainder ES Short @ 912.25 --> - 1 «« simulator »»
[09:34] <+kosmipt> Shorts ES @ 912.75 «« simulator »»
[09:37] <+kosmipt> Covered all ES Short @ 911.50 --> + 1.25 «« simulator »»
[09:38] <@NihabaAshi> Shorts ES @ 910.50 -> medium size
[09:38] <@NihabaAshi> 4 only
[09:38] <+rickf> anyone using ToS for futtures this morning tread carefuly
[09:39] <@NihabaAshi> Shorts ES @ 910.75 -> Add
[09:39] <@NihabaAshi> 2 more
[09:40] <+ItalianSharp> ToS? what's that rick?
[09:40] <+rickf> think or swim
[09:40] <+rickf> broker where i trade fx, stocks, and options at and really want to start futures there
[09:40] <LP> sh NQ at 1376.50
[09:41] <+kosmipt> Shorts ES @ 910.50 «« simulator »»
[09:41] <+LP> out +3.5
[09:42] <@NihabaAshi> Covered 1/3 ES Short @ 909.25 --> + 1.5
[09:42] <@NihabaAshi> profit target area reached...
[09:42] <@NihabaAshi> deciding now about the "greed factor".
[09:43] <jigglyhippo> lol
[09:43] <+jigglyhippo> nice trade wrbtrader
[09:43] <+rickf> vn wrbtrader good way to start
[09:43] <+LP> if NQ stays below 1375, target down 20
[09:43] <@NihabaAshi> will hold (getting greedy for anything below 909.25
[09:43] <+LP> time frame 2 days
[09:44] <@NihabaAshi> Covered 1/3 ES Short @ 908.00 --> + 2.5
[09:45] <+LP> full price move would be down 50 NQ in 2 days, i will take 20 +
[09:45] <+LP> 1350 will be tough to crack
[09:46] <+LP> stops 1390
[09:49] <+Nesi> most were saying.. recesion is over.. that is why i was so short bias since last few days..fwiw
[09:50] <@NihabaAshi> Covered ES Short @ 906.75 --> + 3.75
[09:50] <@NihabaAshi> Holding 1 contract remainder
[09:50] <+LP> wtg
[09:51] <+kosmipt> awesome, wrbtrader
[09:51] <+kosmipt> catching opening drive is basically all you need
[09:51] <+kosmipt> can take the rest of the day off
[09:52] <+LP> or take the rest of the day to get even
[09:52] <@NihabaAshi> trailing stop @ profit
[09:53] <+kosmipt> just trade the rest of the day with the smallest size
[09:53] <@NihabaAshi> Covered Remainder ES Short @ 908.50 --> + 2
[09:54] <+kosmipt> nice
[09:54] <+kosmipt> i'm still holding till 900
[09:54] <+kosmipt> the greed may kill me
[09:57] <+drt> s es 08.50
[09:57] <+ItalianSharp> i think most of the fun shorting this is over for now
[09:57] <+ItalianSharp> we may get a serious retracement soon and perhaps resume downtrend after 1pm
[09:57] <+ItalianSharp> just a guess
[09:58] <+Nesi> italia...your friend must be a bit happier now
[09:58] <+Nesi> what is his average number...do you know?
[09:58] <+ItalianSharp> mmm...not sure
[09:58] <+ItalianSharp> he started in the low 700s
[09:58] <+ItalianSharp> got to be around low 800s
[09:58] <+Nesi> so probably around 800 850
[09:58] <+ItalianSharp> yes
[09:59] <+ItalianSharp> that's his BAILOUT level
[09:59] <+Nesi> man..geezz... still bit long way
[09:59] <+ItalianSharp> yep
[09:59] <+Nesi> 850 i can ...well..i can believe..we can get there..but 800 hmm
[09:59] <+ItalianSharp> he told me that if he gets the bailout, he'll leave for a long vacation
[09:59] <+ItalianSharp> like 3-6months
[09:59] <+ItalianSharp> he now appreciates money a lot more than before
[09:59] <+ItalianSharp>
[10:00] <+Nesi> and probably STOPS...too
[10:01] <+drt> cs es 07.50
[10:01] <+ItalianSharp> not sure whether he'll quit...he may though
[10:01] <+kosmipt> Covered all ES Short @ 908.75 --> + 1.75 «« simulator »»
[10:02] <+kosmipt> Long ES @ 908.50 «« simulator »»
[10:02] <+ItalianSharp> his system proved to be very dangerous...if he gets a lucky bailout, i hope he calls it quits and runs with the money
[10:03] <+Nesi> but he did it during ten years.. so.. imho.. it was not that risky...dont you think?
[10:06] <+kosmipt> Exited all ES Long @ 910 --> + 1.5 «« simulator »»
[10:07] <+rickf> short es 910 paper
[10:08] <+ItalianSharp> nesi: he made that million by averaging up-down...of course, he was lucky enough that those times he had the direction wrong, volatility never took him out of business
[10:08] <+ItalianSharp> he was good nailing the top in 2007...and never played against the bear market in 2009
[10:08] <+ItalianSharp> 2008 sorry
[10:08] <+ItalianSharp> je never loses a trade...never takes a loss
[10:08] <+ItalianSharp> his p&l is always GREEN
[10:09] <+ItalianSharp> p&l from closed trades i mean
[10:09] <+rickf> that would be suspicious to me
[10:09] <+ItalianSharp> rick, if you average up/down, you can do it too
[10:09] <+ItalianSharp> you just never take a loss
[10:09] <+ItalianSharp> NEVER
[10:09] <+ItalianSharp> and keep adding
[10:09] <+jigglyhippo> your position just grows
[10:09] <+ItalianSharp> until you get a lucky retracement
[10:09] <+jigglyhippo> and your P&L isnt realized
[10:09] <+jigglyhippo> yup
[10:09] <+rickf> if you have the capital to do so, fine ... for me that's just rolling the dice after a while
[10:09] <+rickf> not my style
[10:10] <+ItalianSharp> i am not arguing it's one of the DEVILS in trading...i am all against it
[10:10] <+Nesi> there was a guy here ...remember playing the YM... averaging and averaging..up and down?
[10:10] <+ItalianSharp> i am just describing what this trader has been doing
[10:10] <+ItalianSharp> what was his name nesi?
[10:10] <+Nesi> dont remember his nickname
[10:10] <+Nesi> he was here probably year ago
[10:11] <+ItalianSharp> ok
[10:11] <+rickf> it wasn't KN-ES was it?
[10:12] <+Nesi> no
[10:12] <+ItalianSharp> KN used to trade ES
[10:12] <+Nesi> yes
[10:13] <@NihabaAshi> You could be thinking of AMTSMA or something like that
[10:13] <@NihabaAshi> He traded "averaging a lot" in ES or YM
[10:14] <+rickf> ah
[10:14] <+rickf> doesn't ring a bell to me
[10:14] <+ItalianSharp> well, if we knew ahead of time that the day is going to be range-bound, i'd average up/down too
[10:14] <+ItalianSharp>
[10:14] <+rickf> heh
[10:15] <+ItalianSharp> the bad thing about averaging up/down is this:
[10:15] <+rickf> pay for my course and i'll share my secret predictive method - guaranteed right at least 50% pf the time
[10:15] <+ItalianSharp> most of the times, it works
[10:15] <@NihabaAshi> Yep until there's a big trend day
[10:16] <+ItalianSharp> right
[10:16] <+ItalianSharp> and if the trend day is strong and volatile enough, you blow up
[10:16] <+rickf> big time
[10:17] <+ItalianSharp> there is a nice sentence about trading - cant remember where i read it -
[10:17] <+ItalianSharp> "trading is a losers game"
[10:17] <+ItalianSharp> i totally agree with that
[10:17] <silo> short 8421
[10:17] <+rickf> managing loss is key
[10:17] <+Nesi> tell that to wrbtrader
[10:17] <+ItalianSharp> yep
[10:18] <+ItalianSharp> the best losers will be the best winners in the end
[10:18] <+rickf> though i guess it's safe to say you need to be able to accept losses
[10:18] <+rickf> and not be terrified of them
[10:18] <+rickf> just control them
[10:18] <+ItalianSharp> thats the key: controlling them
[10:19] <+ItalianSharp> and that's pretty much the only thing we can know for sure about trading: how much we are going to lose
[10:19] <+rickf> unless it's margin call time
[10:19] <+ItalianSharp> stoploss is the only thing we have control of
[10:19] <+ItalianSharp>
[10:19] <+rickf> "put the dukes seats up for auction...."
[10:19] <+silo> out 8422
[10:23] <+ItalianSharp> NQ on roids this AM
[10:25] <palmer> Shorts ES @ 911.50
[10:26] <@NihabaAshi> NQ is on fire
[10:29] <@NihabaAshi> Shorts ES @ 910.50 -> small size
[10:29] <@NihabaAshi> 1 only
[10:30] <@NihabaAshi> Covered ES Short @ 910.00 --> + 0.5
[10:30] <palmer> Covered all ES Short @ 909.75 --> + 1.75
[10:31] <+palmer> can someone help me later with mirc
[10:31] <+palmer> i have been having problems for weeks
[10:31] <@NihabaAshi> what kind of problems
[10:31] <+palmer> i couldn't log into the room for days
[10:31] <+palmer> now when i get in i get bumpe doff
[10:32] <@NihabaAshi> Can you log into other rooms or just not into #FuturesTrades when that happen
[10:32] <+rickf> out 909.50 +.50
[10:32] <+palmer> in this room
[10:32] * Looking up palmer user info...
[10:32] <+palmer> i ahevn't tried any other room
[10:32] <+rickf> paper
[10:33] <@NihabaAshi> Tried this room and stay in there to see if the problem happens there too... #newsroom
[10:33] <jbuch> good morning everyone
[10:33] <+palmer> ok
[10:34] <+jigglyhippo> Shorts ES @ 910.25
[10:34] <@NihabaAshi> Also, is it a log in problem as in that you can't get in or like a disconnection problem as soon as you post a trade
[10:34] <+palmer> just logs me off
[10:34] <+jigglyhippo> Covered ES Short @ 911.25 --> - 1.00
[10:34] <+palmer> dont think it is when i post
[10:35] <+palmer> it just does
[10:35] * Looking up palmer user info...
[10:35] <+jbuch> Long SPY @ 91.49
[10:35] <+jbuch> Exited all SPY Long @ 91.59 --> + 0.1
[10:36] <+jigglyhippo> ugh should have reversed my position
[10:37] <+jigglyhippo> wow it took off
[10:39] <pdays> Shorts ES @ 913.75
[10:40] <+pdays> Covered all ES Short @ 913.25 --> + 0.5
[10:40] <+LP> NQ failed patteren worth just as much as a good one
[10:40] <+jbuch> Long SPY @ 91.79
[10:41] <+LP> back above 1380 and broke the downtrend line
[10:42] <+LP> what can ya do
[10:42] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20[10:43] <+jbuch> Exited all SPY Long @ 91.97 --> + 0.18
[10:44] <+Nesi> rickf.. do you have a new platform?
[10:44] <+rickf> no...
[10:45] <+rickf> they just pushed a new update on sat
[10:45] <+Nesi> oh
[10:45] <+Nesi> k
[10:45] <+rickf> and then a fix on sun
[10:45] <+rickf> and then more stuff broke this morning
[10:45] <+rickf> so i'm paper-trading it for the moment ;(
[10:47] <+jbuch> Shorts SPY @ 91.96
[10:51] <+jbuch> Covered all SPY Short @ 91.86 --> + 0.1
[10:53] <+drt> l es 13.50
[10:53] <@NihabaAshi> Shorts ES @ 913.50 -> small size
[10:53] <@NihabaAshi> 1 only
[10:55] <+rickf> back in a bit
[10:57] <@NihabaAshi> Covered ES Short @ 913.00 --> + 0.5
[11:01] <+jbuch> Long SPY @ 91.79
[11:03] <+jbuch> Exited all SPY Long @ 91.8 --> + 0.01
[11:03] <+drt> cl es 15.50
[11:03] <+drt> corr cl es 13.50
[11:11] * coehead_afk is now known as coehead
[11:12] * coehead is now known as codehead
[11:16] <+drt> s es 15.25
[11:20] <+drt> cs es 15
[11:23] <+ItalianSharp> we seem to have hit a resistance point
[11:24] <+ItalianSharp> bulls and bears are almost equal around this area
[11:24] <+ItalianSharp> whichever side of the book dries up first, will be the loser
[11:33] <+silo> duh
[11:33] <+silo>
[11:33] <+silo> hehe
[11:33] <+jbuch> lol
[11:42] <+jbuch> Long SPY @ 91.61
[11:49] <+jbuch> Exited all SPY Long @ 91.68 --> + 0.07
[12:10] <codehead> short 2c ES 910.75 <paper>
[12:10] <+codehead> stop 912.25
[12:12] <+codehead> exit flat <paper>
[12:12] <+codehead> signal iffy here
[12:13] <+jbuch> Long SPY @ 91.50
[12:14] <+codehead> short 1c 910.50 <paper> stop 912.25
[12:15] <+codehead> exit -.25 <paper>
[12:16] <+codehead> stuck in narrow range here
[12:20] <+jbuch> Exited all SPY Long @ 91.68 --> + 0.18
[12:24] <+codehead> short 911.75 1c ES <paper> stop 913.00
[12:27] <+silo> short 8426
[12:29] <+jbuch> Shorts SPY @ 91.72
[12:30] <+jbuch> Covered all SPY Short @ 91.61 --> + 0.11
[12:31] <+codehead> exit ES 1c +.50 <paper>
[12:31] <+Nesi> nice
[12:31] <+palmer> what a boring day
[12:33] <+Nesi> Obame speaking in 12 minutes, about healthcare reform...fwiw
[12:33] <+jbuch> thanks nes
[12:33] <+Nesi> welcome
[12:34] <+Nesi> hey szubaark... you are quiet today
[12:34] <+Nesi> hope you ok
[12:37] <+silo> nq starting to lose strength i think
[12:38] <+Nesi> Obama on
[12:45] <+jbuch> Long SPY @ 91.65
[12:48] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20[12:49] <+jbuch> Exited all SPY Long @ 91.66 --> + 0.01
[13:07] <+jbuch> Long SPY @ 91.38
[13:08] <+jbuch> chasing shitty entry
[13:08] <+silo> out 8405 +20
[13:09] <+jbuch> big buyer came in and bought agressivly.
[13:11] <+jbuch> Exited 1/2 SPY Long @ 91.52 --> + 0.14
[13:18] <+jbuch> Exited 1/4 SPY Long @ 91.65 --> + 0.27
[13:22] <+jbuch> Exited Remainder SPY Long @ 91.69 --> + 0.31
[13:22] <+ItalianSharp> its been real boring since 1130am today
[13:22] <+ItalianSharp> this PA tires me out early
[13:25] <+jbuch> way to hang in there on that short silo.
[13:30] <+jbuch> Long SPY @ 91.61
[13:36] <+silo> thanks
[13:39] <+jbuch> Exited all SPY Long @ 91.89 --> + 0.28
[13:54] <+rickf> short es 914.50 paper
[13:56] <+Nesi>
http://www.nasa.gov/55644main_NASATV_Windows.asx[13:56] <+Nesi> LIFTOFF in few minutes..if anyone wants to see it
[13:57] <+jbuch> nice entry rick
[13:57] <+rickf> ty
[13:58] <+rickf> out 913 +1.50 paper
[13:58] <+rickf> ooh liftoff ... indeed
[13:59] <+Nesi> i have a bad feeling about this mission....
[14:00] <+jbuch> wehat are they doing?
[14:00] <+Nesi> atlantis going to fix the hubble...jbuch
[14:03] <+jbuch> the shuttles are getting very old
[14:07] <+jbuch> the teacher that died back in the 80's taught at my high school. my girfriend at the time babysat for her.
[14:08] <+jbuch> haven't watched one take off or land since
[14:12] <+rickf> i saw that launch live
[14:12] <+rickf> still get chills when i hear that "go with throttle up" call
[14:13] <+Nesi> i got into the simulator in NASA few months ago
[14:13] <+rickf> jb: damn
[14:14] <+jbuch> Long SPY @ 91.65
[14:16] <+palmer> Shorts ES @ 911.50
[14:28] <+jbuch> wow
[14:31] <+palmer> 3 point stop
[14:31] <+jbuch> i thought it was breaking out I was home free about 10 times so far
[14:33] <@NihabaAshi> Long ES @ 913.00 -> small size
[14:33] <@NihabaAshi> 2 only
[14:34] <+jbuch> Exited all SPY Long @ 91.83 --> + 0.18
[14:35] <+jbuch> that was an emotional roller coaster lol
[14:40] <@NihabaAshi> Exited ES Long @ 912.00 --> - 1
[14:40] <@NihabaAshi> Reverse and Enter Short ES @ 912.00
[14:40] <+jbuch> is there news or something?
[14:41] <@NihabaAshi> tough area for postion reversing (support area)
[14:44] <+jbuch> Long SPY @ 91.7
[14:46] <@NihabaAshi> Covered all ES Short @ 912.50 --> - 0.5
[14:47] <@NihabaAshi> It's building up for a quick volatility spike...
[14:47] <@NihabaAshi> Hopefully it's directional and not some crazy chop
[14:49] <@NihabaAshi> Long ES @ 913.25 -> small size
[14:49] <@NihabaAshi> 3 only
[14:51] <@NihabaAshi> still waiting for that directional volatility spike
[14:51] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20[14:51] <@NihabaAshi> trailing stop @ profit
[14:51] <+jbuch> me to
[14:52] <+jbuch> been waiting for 20 minutes now
[14:54] <@NihabaAshi> Exited all ES Long @ 913.50 --> + 0.25
[14:54] <+jbuch> Exited all SPY Long @ 91.84 --> + 0.14
[14:56] <@NihabaAshi> Big gap down on the Open today and now a tight trading range...
[14:56] <@NihabaAshi> If it remains like this for the remainder of the trading day I will be expecting a trend day tomorrow of a strong directional price movement.
[14:57] <@NihabaAshi> Simply, tomorrow should be a good day to hold onto trades a little longer for bigger profits.
[14:58] <+jbuch> wrbtrader do u form an opinion on direction or just expect a bigger range
[14:58] <@NihabaAshi> bigger range
[14:59] <@NihabaAshi> rarely do I have a directional bias when it comes to talking about "tomorrow" like stuff
[15:00] <+jbuch> do u form one at the open or try remain unbiased
[15:00] <@NihabaAshi> I form it really anytime but don't stay married to it.
[15:00] <+jbuch> thanks
[15:01] <@NihabaAshi> I also rarely ever trade my bias
[15:01] <@NihabaAshi> Prefer to instead manage the position size or determine if I'll take quick profits.
[15:02] <@NihabaAshi> Example..if I have a short bias but get a Long signal...I won't load the boat on the Long or I'll try to exit the trade early with small profits on the long
[15:03] <@NihabaAshi> In contrast, a short position while bearish on the market...
[15:03] <@NihabaAshi> I'll trade with normal position size or try to hold the trade longer (greed).
[15:03] <@NihabaAshi> ES testing the lower level of that support area
[15:05] <@NihabaAshi> Shorts ES @ 911.00 -> small size
[15:05] <@NihabaAshi> 2 only
[15:05] <@NihabaAshi> intuition
[15:09] <@NihabaAshi> good battle in that lower area here
[15:10] <@NihabaAshi> Covered all ES Short @ 912.00 --> - 1
[15:11] <@NihabaAshi> it tried hard...but still no volatility spike to get out of this range of the last hour or so
[15:13] <@NihabaAshi> Shorts ES @ 911.75 -> small size
[15:13] <@NihabaAshi> 2 only (intuition)
[15:13] <+jbuch> Long SPY @ 91.65
[15:14] <@NihabaAshi> clock is ticking on this trade
[15:16] <@NihabaAshi> Covered all ES Short @ 912.50 --> - 0.75
[15:17] <@NihabaAshi> be back in 20 mins
[15:18] <+jbuch> Exited all SPY Long @ 91.74 --> + 0.09
[15:20] <+Nesi> Shorts ES @ 911.00 -> Add «« simulator »»
[15:21] <+Nesi> 10 c average is 917.50
[15:21] <+Nesi> exit stop set ES @ 917.50 «« simulator »»
[15:22] <+Nesi> volatility seems to spike a bit...imho
[15:22] <+Nesi> or at least trying
[15:26] <+ItalianSharp> they trying hard to find serious buyers that won't pullout immediately
[15:26] <+ItalianSharp> we had several tries since 1300 to take this higher, all failed eventually
[15:27] <+ItalianSharp> i am done fellas, it's been a tough tight-range day for me
[15:27] <+Nesi> yeah
[15:28] <+ItalianSharp> i can buy pizza for tonight
[15:28] <+ItalianSharp> that's all i can afford
[15:28] <+Nesi>
[15:28] <+jbuch> big big aggreesive buyer
[15:28] <+ItalianSharp> hopefully tomorrow is going to be better
[15:28] <+ItalianSharp> jbuch, how do you determine those buyers?
[15:28] <+ItalianSharp> T&S?
[15:28] <+jbuch> Long SPY @ 91.37
[15:29] <+jbuch> yes IS
[15:29] <+ItalianSharp> you are good at reading it then
[15:29] <+ItalianSharp> congrats
[15:29] <+ItalianSharp>
[15:29] <+ItalianSharp> i never understood squat about it
[15:30] <+jbuch> Exited 1/2 SPY Long @ 91.48 --> + 0.11
[15:30] <+ItalianSharp> do you watch SPY T&S alone or do you combine it with ES?
[15:30] <+ItalianSharp> i see you trade SPY, so it got to be SPY alone
[15:30] <+palmer> Covered all ES Short @ 908.50 --> + 3
[15:30] <+ItalianSharp> did you dump it because you saw a serious seller?
[15:30] <+jbuch> Exited Remainder SPY Long @ 91.34 --> - 0.03
[15:31] <+jbuch> yes spy only IS
[15:32] <+jbuch> Long SPY @ 91.36
[15:32] <+ItalianSharp> we could see a nice rise now
[15:32] <+ItalianSharp> most longs have been shaken out
[15:33] <+Nesi> plenty of time to test 900 IMHO
[15:34] <+jbuch> Exited all SPY Long @ 91.29 --> - 0.07
[15:34] <+Nesi> DOW low day
[15:37] <+jbuch> IS I dumped because it was a stronge down the set up was not very good so I wanted to put position at breakeven.
[15:41] <+jbuch> Long SPY @ 91.29
[15:44] <+jbuch> Exited all SPY Long @ 91.39 --> + 0.1
[15:44] <+jbuch> trading like a monkey with my hair on fire
[15:53] <+jbuch> Long SPY @ 91.28
[15:54] <tomosyn57> Long SSO @ 25.76
[15:54] <+tomosyn57> exit stop set SSO @ 25.79
[15:54] <+jbuch> Exited 1/2 SPY Long @ 91.49 --> + 0.21
[15:55] <+tomosyn57> Trailing Stop Hit SSO @ 25.79 --> + 0.03
[15:56] <+jbuch> Exited Remainder SPY Long @ 91.29 --> + 0.01
[15:57] <+tomosyn57> Shorts SSO @ 25.7
[15:57] <+tomosyn57> exit stop set SSO @ 25.68
[15:58] <+jbuch> that was tight little day.
[15:58] <+tomosyn57> Covered all SSO Short @ 25.63 --> + 0.07
[15:59] <+rickf> yeah
[15:59] <+rickf> bleh
[15:59] <+jbuch> yup
[16:00] <+rickf> ding
[16:00] <+jbuch> I rarely catch more than 2 or 3 points so i guess that it doesn't matter to me
[16:01] <+rickf> for me tight days are horfible even to get 2-3 points at one time
[16:01] <+rickf> i usually get 1, 1.5 scalps maybe
[16:01] <+jbuch> tend to actually do better in a cosolidation day
[16:01] <+jbuch> did a lot of those 1 pointers today as well rickf
[16:01] <+rickf>
[16:02] <@NihabaAshi> retested the lows of the day
[16:02] <@NihabaAshi> Shorts ES @ 907.75 -> small size
[16:02] <@NihabaAshi> 2 only
[16:03] <+jbuch> all of the days volume was up top. to
[16:03] <+jbuch> tomorrow will be interesting
[16:03] <+jbuch> good to hedged to 0 hey rick
)
[16:04] <+rickf> hmm??
[16:04] <+rickf> hedging is good
[16:04] <+rickf> though my SDS loss is taking 3% or so from my account gains, I'm still up on the year in the equity side
[16:04] <+rickf> but i'm ok with that
[16:07] <+jbuch> all of my longs have high dividends and I caught about 1/2 of the up move so let the chips fall where they may
[16:11] <+rickf> my longs in the retirement account are all good divi payers, though unhedged
[16:11] <+rickf> my trading account is up quite nicely -- will xfer some of the positions to my retirement account later this year
[16:12] <+rickf> anyway, i'm off for the night.
[16:12] <+rickf> have a good one, see y'all tomorrow
[16:12] <+jbuch> cya
[16:13] <@NihabaAshi> Covered all ES Short @ 908.50 --> - 0.75
[16:19] <+jbuch> have a good night everyone
[16:21] <@NihabaAshi> Take care all and see all tomorrow...expect a lot better trading day tomorrow.
[16:21] <@NihabaAshi> High probability it won't be a range day.
[16:21] * NihabaAshi is now known as NihabaAshi_away
[16:22] <+LP> cya wrbtrader jbuch and all
[16:57] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20[18:59] * NihabaAshi_away is now known as NihabaAshi
Session Close: Mon May 11 18:59:24 2009
Go Back To TheStrategyLab.com Homepage
