16 June 2005 (Thursday)

Session Start: Thu Jun 16 08:12:13 2005
Session Ident: #t1
[08:20:08] <guy> Expiry Fridays - Bullish or Bearish?
[09:16:20] <fspeculator> hahaha
[09:16:32] <fspeculator> guy, so you verified my point
[09:16:44] <guy> yes fspec :)
[09:16:55] <guy> and you are now famous because you're on my web
[09:16:58] <fspeculator> now you owe me a beer or something
[09:17:04] <fspeculator> ah, ok then
[09:17:05] <guy> 2 beers
[09:29:01] <guy> 1 minute to open
[09:29:24] <guy> gm and gl everyone
[09:33:30] <guy> VAH at 637.3 below us
[09:33:32] <signal>
[09:40:47] <signal>
[09:52:42] <guy> current ER2 chart
[09:52:47] <signal>
[09:57:30] <guy> Going All the Way
[10:03:13] <guy> ES chart:
[10:03:21] <signal>
[10:06:35] <guy> .
[10:06:47] <guy> ER2 chart also showing 200% and -100% of the current range
[10:06:49] <signal>
[10:07:26] <guy> If the current HOD and LOD are not broken then the 200% and -100% lines will form the DIBH and DIBL

[10:08:24] <guy> Shorts ER2 @ 640.8

[10:09:42] <guy> Ninja Trader with entry:
[10:09:47] <signal>
[10:10:55] <guy> ER2 chart
[10:11:07] <signal>

[10:12:02] <guy> exit stop set ER2 @ 641.8

[10:14:33] <guy> Covered all Short ER2 at 640.4 --> + 0.4

[10:15:01] <guy> I'm gettign long signals now so don't want to hold this short...
[10:15:37] <guy> ER2 chart
[10:15:48] <signal>

[10:16:30] <guy> Buys ER2 @ 640.4

[10:17:27] <guy> exit stop set ER2 @ 639.4

[10:26:24] <guy> Exited all Long ER2 at 640.5 --> + 0.1

[10:27:22] <guy> .
[10:27:26] <guy> ER2 chart coming up...
[10:27:33] <signal>
[10:27:38] <guy> notice how the 50% line is next to the DPOC line
[10:27:51] <guy> we would almost always expect this at the beginning of the day
[10:28:28] <guy> because the DPOC is the price closest to the center with the highest TPO count
[10:28:42] <guy> during first half hour the TPO count is always 1 letter wide
[10:28:48] <guy> and now a max of 2 letters wide
[10:32:12] <guy> Rotation factors
[10:32:22] <signal>
[11:00:40] <guy> .
[11:00:46] <guy> RFs + new single print
[11:00:54] <signal>
[11:01:13] <guy> ES chart:
[11:01:25] <signal>
[11:04:58] <mikee> 1214.25-1214.75 is supp. area, break 14.25 sh. trigger shorts
[11:05:50] <guy> thx mikee
[11:07:34] <mikee> sure
[11:14:32] <mikee> we're at target
[11:15:06] <mikee> so it's buy area with stop 13.75,- very low risk
[11:16:49] <guy> ES chart: alpha confirms a long here
[11:16:57] <signal>
[11:17:56] <mikee> target 16.5

[11:20:34] <guy> Shorts ER2 @ 642.8

[11:21:00] <mikee> 1214 is 50% for the day
[11:21:13] <mikee> downside target 12.5
[11:21:32] <guy> we've got a single print in ES at 13.5

[11:21:55] <guy> exit stop set ER2 @ 643.8

[11:22:36] <mikee> final downside (if) 1207.75

[11:22:53] <guy> Covered all Short ER2 at 642.5 --> + 0.3

[11:23:40] <guy> apologies for all this scalping but i keep on getting conflicting signals after entry
[11:25:50] <mikee> need to reboot

[11:28:26] <guy> limit to enter short ER2 @ 643.1

[11:30:46] <signal>

[11:31:39] <guy> cancelled all open limit orders

[11:35:35] <guy> Shorts ER2 @ 643.3

[11:35:55] <guy> exit stop set ER2 @ 644.3

[11:39:35] <mikee> i'm still long from 14.25 with sar 13.75
[11:41:23] <guy> k
[11:41:48] <guy> ES is around 50% of its range and ER2 at HOD
[11:42:05] <fspeculator> mikee, wouldn't it be just noise?
[11:42:37] <guy> mikee has a knack of turning noise into gold
[11:46:05] <guy> ER2 chart...
[11:46:12] <signal>
[11:46:45] <mikee> i'd had very strong short signal yesterday for o/n - today
[11:47:25] <mikee> it hasn't been played out, but i believe in
[11:47:37] <guy> so longer term you're short ES then?
[11:47:38] <mikee> it should mean something
[11:48:06] <mikee> longer i'm bullish,
[11:48:14] <mikee> but what's longer?
[11:48:42] <tuna> $rut broke its t/l on the daily fwiw
[11:48:50] <mikee> i'm almost certain for 1219. 1225. 1260
[11:49:05] <mikee> filled +1 half
[11:49:32] <mikee> rest 13.75 and reverse
[11:50:17] <guy> nice mikee
[11:50:43] <mikee> tks, if we break 14, we sh. see 09.75, 07.75 - final on that break
[11:52:11] <mikee> fspec it's not noise if we break 14, it's big supp.
[11:53:14] <mikee> i posted 14.25-14.75 when we break 16-16.5 (also very important)
[11:53:36] <mikee> so it's upside target for now
[11:55:48] <mikee> no shorts for me until and if we break 14
[12:00:43] <mikee> so upside target=16 hit
[12:02:30] <mikee> it was objective to take profit for longs, new position can be initiated after break same level up, and pullback to
[12:04:09] <mikee> area to watch now: 1214-1216
[12:05:20] <mikee> btw it's perfect doji on 60min es chart
[12:10:37] <mikee> er has doji on 30min now
[12:10:54] <mikee> hold it guy
[12:11:13] <mikee> +1 some es out
[12:11:33] <mikee> target 10-10.5 adjusted

[12:13:59] <guy> exit stop moved to breakeven ER2 @ 643.3

[12:14:22] <mikee> 1213.75-1214 reshort area
[12:23:47] <mikee> anybody filled ss at 13.75?
[12:35:36] <mikee> guess no one except me...
[12:36:06] <mikee> at 14, now back to full position
[12:36:13] <mikee> bbl
[12:38:10] <signal> ER2 trade stopped out at b/e

[13:10:11] <guy> stop hit ER2 @ 643.3 --> 0

[13:11:07] <guy> There are 2 Single Print strategies running atm
[13:11:11] <guy> one long and one short
[13:11:15] <signal>
[13:11:18] <guy> both are still valid and in play
[13:23:47] <mikee> back
[13:24:14] <mikee> last trade stopped for -1 es, flat now
[13:24:48] <mikee> over 16 is long, below 13.75 is short
[13:26:12] <mikee> upside targets (on daily) 20.75, 23.5
[13:27:00] <mikee> gap mar8 sh.be filled soon
[13:27:56] <mikee> back at 3 for signal update
[13:50:19] <guy> the short 'single print' is stopped out but the long is still running
[13:54:08] <guy> I think that's a mistake - I can't see how there was a single in the H bracket
[13:54:52] <guy> no there wasn't - when I reloaded the DVATool it removed the single
[14:00:25] <guy> RF's
[14:00:37] <signal>
[15:00:32] <signal>

[15:53:04] <guy> Here is a good example of how alpha works
[15:53:23] <guy> This is the 1min ES chart to now
[15:53:31] <signal>
[15:53:36] <guy> The white bars in alpha signify strong buy
[15:53:46] <guy> the lime medium and green weak buy
[15:54:25] <guy> they show that they consider the ES to be be underpriced at that level (which is not the same as oversold)
[15:54:47] <guy> because the ES is not oversold at the moment because we've been rallying for a few weeks now

[16:23:15] <guy> gn all

[16:25:14] * Disconnected
Session Close: Thu Jun 16 16:25:18 2005