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24 May 2005


Session Start: Tue May 24 08:50:44 2005
Session Ident: #t1

[09:18:13] <guy> We have economic figures at 10 EST today
[09:18:45] <guy> as such i'm going to try a fast entry between 09:30 and 09:35 and either build a buffer to ride the numbers out with or take a fast profit/loss
[09:18:49] <guy> if the signals are right
[09:33:57] <mashhad> i did not get any bars for alpha on the first 2 min. ES..how about u?
[09:38:58] <guy> Initial signal from alpha was a short
[09:39:02] <guy2> [img] http://share.esignal.com/ContentRoot/Guys%20Charts/20050524_1.png
[09:39:28] <guy> at around 9:34/9:35 but it wasn't against any level i was looking at
[09:39:32] <guy> so i passed on it
[09:40:40] <mashhad> i was looking at shorting the POC on the ES , but never got there
[09:40:47] <mashhad> it did on the ER
[09:41:11] <guy> I don't have it hitting the POC in the ER?
[09:41:20] <guy> I was also looking at that point for a short
[09:41:47] <mashhad> do u have 612.10 for POC on ER?
[09:41:58] <mashhad> maybe my charts are wrong again!
[09:42:08] <guy> this next chart shows yest. high/low
[09:42:13] <guy> between the yellow lines
[09:42:15] <guy2> [img] http://share.esignal.com/ContentRoot/Guys%20Charts/20050524_2.png
[09:42:34] <guy> and gives the current price perspective relative to yest. extremes
[09:43:26] <mashhad> what is your POC for yesterday?
[09:44:00] <guy> in ER2 I have POC at 612.8 or 612.9 - either are correct
[09:45:02] <guy> what do you have?
[09:45:11] <mashhad> 612.10
[09:45:44] <guy> mash: this is the filter example:
[09:45:47] <guy2> [img] http://share.esignal.com/ContentRoot/Guys%20Charts/20050524_3.png
[09:45:54] <guy> if you were thinking of getting long off the VAL in the ER2
[09:46:02] <guy> then alpha would have filtered that trade out
[09:46:52] <guy> where do you get 612.1 from? eSignal MP chart?
[09:47:10] <mashhad> yes, but it's wrong
[09:47:19] <mashhad> i just checked with JP's room too
[09:48:01] <mashhad> But for ES,.. do you have VAH 1195.75 and VAL 1191.25?
[09:51:51] <guy> on the DVATool i have same on VAL but VAH I have 96.75
[09:54:02] <guy> i'd like to short this but numbers in 6 minutes
[09:54:36] <mashhad> ok, i am gonna restart my computer.. brb
[10:04:49] <guy2> [img] http://share.esignal.com/ContentRoot/Guys%20Charts/20050524_4.png
[10:04:52] <guy> okay what alpha is now telling me is that i don't want to be on the long side
[10:05:06] <guy> well it's been telling me that since the open really

[10:09:40] <guy> limit to enter short AB @ 611.3
[10:11:48] <guy> Shorts AB @ 611.3
[10:12:31] <guy> exit stop set AB @ 612.8

[10:13:25] <guy> Rationale for trade:
[10:13:28] <guy2> [img] http://share.esignal.com/ContentRoot/Guys%20Charts/20050524_5.png
[10:13:37] <guy> VAL + alpha confirms short
[10:17:29] <guy> Rationale for remaining in trade:
[10:17:36] <guy> alpha still giving short signals
[10:17:40] <guy2> [img] http://share.esignal.com/ContentRoot/Guys%20Charts/20050524_6.png
[10:30:35] <guy2> [img] http://share.esignal.com/ContentRoot/Guys%20Charts/20050524_7.png
[10:32:07] <guy2> *** Stats for Initial Balance -> IB ***
[10:32:15] <guy2> For symbol: AB #F
[10:32:22] <guy2> Today's IB size: 3.00
[10:32:29] <guy2> DIBH = 615.80
[10:32:34] <guy2> IBH = 612.80
[10:32:40] <guy2> IBL = 609.80
[10:32:47] <guy2> DIBL = 606.80
[10:33:04] <guy2> .
[10:35:24] <mashhad> are u using 24 hour on mp charts guy?
[10:35:51] <guy> no - RTH
[10:36:15] <guy> here is my current ER2 chart:
[10:36:23] <guy2> [img] http://share.esignal.com/ContentRoot/Guys%20Charts/20050524_8.png
[10:36:55] <mashhad> rth east ?
[10:37:36] <guy> doesn't matter where you are. RTH is from 08:30 to 15:15 CT
[10:37:57] <guy> so on my charts 09:30 to 16:15 because my computer is set to ET
[10:41:44] <fspeculator> btw watching it live for the past couple of months
[10:41:56] <guy> what?
[10:41:59] <fspeculator> i don't think that basic MP trades per JP are any better than random
[10:42:42] <guy> i can't comment on that because i've never tested it - also you can't just say that - have to have money management with it.
[10:42:43] <fspeculator> let alone that with a 1.5pt stop, trade is stopped 90% of the time
[10:42:49] <guy> i.e. risk 2 for 2 etc.
[10:43:17] <guy> you might be right - but needs emprical testing
[10:43:41] <fspeculator> i',mm watching it everyday for 2+ mo
[10:50:44] <guy2> [img] http://share.esignal.com/ContentRoot/Guys%20Charts/20050524_9.png
[11:02:08] <guy2> [img] http://share.esignal.com/ContentRoot/Guys%20Charts/20050524_10.png

[11:09:46] <guy> stop hit AB @ 612.8 --> - 1.5

[11:22:48] <guy> limit to enter short AB @ 614
[11:25:59] <fspeculator> what is 614?
[11:26:36] <guy> 1 tick inside VAH
[11:27:05] <fspeculator> i have yVAH 4.2
[11:27:47] <fspeculator> i though you 'd say y|Close
[11:28:15] <fspeculator> can you remind me if 80% is applicable here?
[11:31:18] <guy> yes - esig VAH is 4.2
[11:31:21] <guy> mine is 4.1
[11:31:26] <guy> i don't watch 80%
[11:41:49] <guy> i have to leave shortly
[11:41:52] <guy2> [img] http://share.esignal.com/ContentRoot/Guys%20Charts/20050524_11.png
[11:41:55] <guy> here's the RF
[11:42:31] <guy> those using AlphaA1 take a look at the value when/if ER2 hits 614 and see if the R/R is good for a short at that level
[11:42:35] <guy> good luck everyone
[11:43:29] <guy> cancelled all open limit orders
[11:43:48] <fspeculator> bye guy
[11:45:13] <guy2> [img] http://share.esignal.com/ContentRoot/Guys%20Charts/20050524_12.png

Session Close: Tue May 24 11:52:43 2005