Friday 26 Aug 2006
I am not making any promises but I am going to try and do a nightly recap of the days trade (from time to time).
Fridays trade was long off the VAL 1295.5 the wiggle room was 1294, the market only traded as low as 1294.75 so therefore the wiggle room held.
We then traded as high as 1301.75 which is also singles in the bigs at 1301.2 from 8/23 ( wiggle room on the bigs was 1301.8--bigs traded as high as 1301.7) so again the wiggle room held up. My best scale out was for 5.5 points then after watching the singles hold up I then went flat at 1295.75, feeling we had a 7 point IB and it was Friday afternoon in late summer I felt we would spend the rest of the day trading inside the IB so I called it a day. The wiggle room on the longs held up and also on the shorts off the singles too-I need you guys to become convinced and confident in these areas.
I plan on holding a pow-wow on one day this week, I will send out an email when I know the exact date.
Thanks and have a great weekend all, JP
DA
day trading
Rep: 39,586
Posts: 6,369
Monday 28 Aug 2006
Trade #1 I shorted 1299 VAH, I then added a Macgyver at 1300 -I was in the que to scratch the 1299s but I was unable and I ened up getting stopped out on all of it at 1301.
Trade # 2 I shorted 1304s leaning on the 1304.25 PDH + 2.5, I was able to scale out some 1303s and some more at 1302.5 , it was my intention to scratch the balance of the trade becuase it was never able to sell off to - 2.5 from the high----I was too slow and therefore I was unable to scratch the balance the market then made new highs and filled me on a short that I was working above at 1305, now leaving me short from 1304 and 1305- I was unable to scratch the 1304s but I did relieve the 1304s at 1304.5 from off of the 1305s. I then feeling unable to get any substantial sell-off I scratched the balance of 1305.
Trade # 3 after the k and l brackets were unable to produce a sell-off and having a ledge above me at 1305.75 I took a long at 1305.5 looking for the ledge to be traded above and seeking new highs, the market then rallied instantly up to new highs were it met resistance at near the old high made on 08/18 -I was working orders in the que to scale out at 1307.5 but I was unable to get a fill. My best scale out on that trade was 1307 for =1.5 pts--I scratched the balance.
Today was a day that the market held the opening range lows and drove higher all day , giving range extension up but I was never able to get a pullback to singles or dval, which left me trading against the trend for the day most of the day. At that point unable to get on the right side it became a matter of damage control for the day.
Trade #1 I shorted 1299 VAH, I then added a Macgyver at 1300 -I was in the que to scratch the 1299s but I was unable and I ened up getting stopped out on all of it at 1301.
Trade # 2 I shorted 1304s leaning on the 1304.25 PDH + 2.5, I was able to scale out some 1303s and some more at 1302.5 , it was my intention to scratch the balance of the trade becuase it was never able to sell off to - 2.5 from the high----I was too slow and therefore I was unable to scratch the balance the market then made new highs and filled me on a short that I was working above at 1305, now leaving me short from 1304 and 1305- I was unable to scratch the 1304s but I did relieve the 1304s at 1304.5 from off of the 1305s. I then feeling unable to get any substantial sell-off I scratched the balance of 1305.
Trade # 3 after the k and l brackets were unable to produce a sell-off and having a ledge above me at 1305.75 I took a long at 1305.5 looking for the ledge to be traded above and seeking new highs, the market then rallied instantly up to new highs were it met resistance at near the old high made on 08/18 -I was working orders in the que to scale out at 1307.5 but I was unable to get a fill. My best scale out on that trade was 1307 for =1.5 pts--I scratched the balance.
Today was a day that the market held the opening range lows and drove higher all day , giving range extension up but I was never able to get a pullback to singles or dval, which left me trading against the trend for the day most of the day. At that point unable to get on the right side it became a matter of damage control for the day.
DA
day trading
Rep: 39,586
Posts: 6,369
Tuesday 29 Aug 2006
Trade # 1 I took a long at 1303.25 looking for the 5 tpo ledge above to trade above it (overnite ledge). I was only able to scalout 1303.75s best and due to report at 10am I went flat.
Trade # 2 I went long at 1302 val then I macgyvered at 1301, I tried to scratch out the 1302s but I was unable too scratch them. I held on to this trade a bit longer because I had singles in the bigs at 1299.9 from 8/28, I was stopped out on all of it
at 1299.25xxx
Trade # 3 After the singles in the bigs filled I took a short at 1300.25 the low at the time was 1299 unable to make new lows at the time and dval expanded down to the low I then scratched out the balance, my best scale was 1299.25.
Trade # 4 having 2 tpo lows I went short at 99.5, the market then went down to makw new lows to 1297.5 -I was working a bid to scale out ar 1297.5 but, i was unable went market traded back up I then scrarched out the balance--my best scale out was 1298.
Trade # 5 after the fed news on the singles filled in the bigs at 1302.4 the market then rallied up to 1303.75 failing to make new highs I took a short at 1302.5, I then macgyvered at 1304.25 leaning on the ib high and opening range high, the market sold off down too 1302.25 but was unable to sell-off more than 2.5 points so, I scratched the balance of the trade on the move back up.my best scale out was 1302.75 and this time I was able to scratch the 1302.5s. the market then rallied to new highs, so scratching out the balance after the market was unable to sell-off 2.5 or more and 2 tpos above proved to be the right move at the time.
My biggest mistake made today was not taking a long after the singles filled in, i felt at the time that the high of day being so close to the singles filling left me off taking the long.
I clearly made a huge mistake by not taking the long there.
I also tried to get long right after the fed news and we unable to make a signifigant new low, I felt to me at the time the profile looked unfinished to the upside and would take out the ledge above, I was right in what i was seeing but I was unable to get a long established in an area where I felt close enough to my exit, the market simply never pulled back far enough for me to get long.
Trade # 1 I took a long at 1303.25 looking for the 5 tpo ledge above to trade above it (overnite ledge). I was only able to scalout 1303.75s best and due to report at 10am I went flat.
Trade # 2 I went long at 1302 val then I macgyvered at 1301, I tried to scratch out the 1302s but I was unable too scratch them. I held on to this trade a bit longer because I had singles in the bigs at 1299.9 from 8/28, I was stopped out on all of it
at 1299.25xxx
Trade # 3 After the singles in the bigs filled I took a short at 1300.25 the low at the time was 1299 unable to make new lows at the time and dval expanded down to the low I then scratched out the balance, my best scale was 1299.25.
Trade # 4 having 2 tpo lows I went short at 99.5, the market then went down to makw new lows to 1297.5 -I was working a bid to scale out ar 1297.5 but, i was unable went market traded back up I then scrarched out the balance--my best scale out was 1298.
Trade # 5 after the fed news on the singles filled in the bigs at 1302.4 the market then rallied up to 1303.75 failing to make new highs I took a short at 1302.5, I then macgyvered at 1304.25 leaning on the ib high and opening range high, the market sold off down too 1302.25 but was unable to sell-off more than 2.5 points so, I scratched the balance of the trade on the move back up.my best scale out was 1302.75 and this time I was able to scratch the 1302.5s. the market then rallied to new highs, so scratching out the balance after the market was unable to sell-off 2.5 or more and 2 tpos above proved to be the right move at the time.
My biggest mistake made today was not taking a long after the singles filled in, i felt at the time that the high of day being so close to the singles filling left me off taking the long.
I clearly made a huge mistake by not taking the long there.
I also tried to get long right after the fed news and we unable to make a signifigant new low, I felt to me at the time the profile looked unfinished to the upside and would take out the ledge above, I was right in what i was seeing but I was unable to get a long established in an area where I felt close enough to my exit, the market simply never pulled back far enough for me to get long.
DA
day trading
Rep: 39,586
Posts: 6,369
Thursday 31 Aug 2006
Today was cut and dry, I shorted the VAH at 1307.25, the high at the time was 1307.75. the market then sold-off down to 1304 where it stalled and then starting building tpos. My best scale out was 1304.25 and then I couldn't take the sloooooooooooow day so I close out my position at 1306.75 and I called it a day.We are waiting on unenjoyment report tomorrow in the am. It may be another slow day after the report is out and we move into the afternoon so, if you have plans for the labor day weekend don't worry about missing too much.
Today was cut and dry, I shorted the VAH at 1307.25, the high at the time was 1307.75. the market then sold-off down to 1304 where it stalled and then starting building tpos. My best scale out was 1304.25 and then I couldn't take the sloooooooooooow day so I close out my position at 1306.75 and I called it a day.We are waiting on unenjoyment report tomorrow in the am. It may be another slow day after the report is out and we move into the afternoon so, if you have plans for the labor day weekend don't worry about missing too much.
DA
day trading
Rep: 39,586
Posts: 6,369
Friday 1 Sep 2006
Trade # 1 I shorted the opening at 1310 due to reports I was hoping for a quick scalp but it actually turned into to a real trade I scaled some out at 1309.5 the market moved higher. I then macgyvered at 1311 and leaned on the 1311.5 ( + 1 point above the opening range high). The market then sold off down to the VAH to the tic at 1306.5, my best scale out at was 1307 for + 4 points I was in light and running low on bullets and should have reversed and got long but I did not, the market then rallied to new highs stopping me out on the balance.
Trade # 2 I shorted at 1313.25 and also 13.75 in lightly against the 1313.5 weekly 50% IBH and also it was the 50% Daily IBH, I scaled out for 1 point profit and then scratched the balance and decided to get an early start on the holiday weekend.
I would think that next week when all the kiddies are back in school the players will show up again to play and we can get-er done and get back to some real chissiling!
Thanks and everyone enjoy the labor day weekend---see ya all Tuesday, JP
Trade # 1 I shorted the opening at 1310 due to reports I was hoping for a quick scalp but it actually turned into to a real trade I scaled some out at 1309.5 the market moved higher. I then macgyvered at 1311 and leaned on the 1311.5 ( + 1 point above the opening range high). The market then sold off down to the VAH to the tic at 1306.5, my best scale out at was 1307 for + 4 points I was in light and running low on bullets and should have reversed and got long but I did not, the market then rallied to new highs stopping me out on the balance.
Trade # 2 I shorted at 1313.25 and also 13.75 in lightly against the 1313.5 weekly 50% IBH and also it was the 50% Daily IBH, I scaled out for 1 point profit and then scratched the balance and decided to get an early start on the holiday weekend.
I would think that next week when all the kiddies are back in school the players will show up again to play and we can get-er done and get back to some real chissiling!
Thanks and everyone enjoy the labor day weekend---see ya all Tuesday, JP
DA
day trading
Rep: 39,586
Posts: 6,369
Tuesday, 5 September 2006
Trade # 1 I shorted 1313 the VAH, the market then traded down to 1310 my best scale out was @ 1310.5 for + 2.5 points. The market unable to trade down to the val of 1309.5 coupled with the fact that we had 2 tpos above at 1313.25 made me cover the balance @ 1312.75 and go flat.
Trade # 2 I went long @ 1314 leaning on the singles in the bigs @ 1313.4, I macguyvered @ 1313 and I tried to scratch the 1314s but I was unable and I was stopped out at aprox 1312.5.
The trades that were unable were we tried to short 1316.5 which was DIBH for the day and ended up to be the high of the day but I was unable.
the closing price in the es was 1314 or higher, ab it was 724.6 or higher,ym was 11474 or higher-- all closing prices worked.
Trade # 1 I shorted 1313 the VAH, the market then traded down to 1310 my best scale out was @ 1310.5 for + 2.5 points. The market unable to trade down to the val of 1309.5 coupled with the fact that we had 2 tpos above at 1313.25 made me cover the balance @ 1312.75 and go flat.
Trade # 2 I went long @ 1314 leaning on the singles in the bigs @ 1313.4, I macguyvered @ 1313 and I tried to scratch the 1314s but I was unable and I was stopped out at aprox 1312.5.
The trades that were unable were we tried to short 1316.5 which was DIBH for the day and ended up to be the high of the day but I was unable.
the closing price in the es was 1314 or higher, ab it was 724.6 or higher,ym was 11474 or higher-- all closing prices worked.
DA
day trading
Rep: 39,586
Posts: 6,369
Thursday 7 Sep 2006
Trade # 1 open range (09.50-80.50) -- I went long @ 1307.75 leaning on the 07.5 (-1 point from open low) I decided to give it more room as I heard locals were short and there was buy paper resting below so i macg @ 06.75, I got stopped on all of it @ 05.75.
Trade # 2 after getting stopped on the first long I still felt I should be long because locals were all loaded up short and we were now approacing 1304.25 50% WIBL.
so I waited and went long at thw 1 tic IB low. the market trade down to 1304 found buy paper and then started to rally-I was in heavy so I scaled out heavier in the front part of the trade-the mass of my position was laid off at + 4 ponts. I kept runners on and scaled out some more at 10.75 +6 points that was my best scale out. I was working 1314.5s to scale out but the market only traded as high as 1313.75 leaving me unable.
Trade # 1 open range (09.50-80.50) -- I went long @ 1307.75 leaning on the 07.5 (-1 point from open low) I decided to give it more room as I heard locals were short and there was buy paper resting below so i macg @ 06.75, I got stopped on all of it @ 05.75.
Trade # 2 after getting stopped on the first long I still felt I should be long because locals were all loaded up short and we were now approacing 1304.25 50% WIBL.
so I waited and went long at thw 1 tic IB low. the market trade down to 1304 found buy paper and then started to rally-I was in heavy so I scaled out heavier in the front part of the trade-the mass of my position was laid off at + 4 ponts. I kept runners on and scaled out some more at 10.75 +6 points that was my best scale out. I was working 1314.5s to scale out but the market only traded as high as 1313.75 leaving me unable.
DA
day trading
Rep: 39,586
Posts: 6,369
Fri 8 Sep 2006
Trade # 1 I was working a bid below @ 1306.25 (VAL) feeling that I may be unable and didnt want to miss the move up I paid up 1 tic and I went long @1306.50.
I also kept working the bid below @ 1306.25 but I was unable on those, so paying up the tic proved to be the right thing to do.
The market then stayed in a very tight range for most of the morning, it wasn't untill K period that we got range ext to the upside and finally got some love.
I was working an offer above @ 1312.5 to scale out because my thinking was that 1312.75 was double Ib and I thought that front running those would be the right move, however I was unable to get filled @ 1312.5 which ended up to be the high of the day. My best scale out was 1312 ( 5.5 points), these tight ranges and slow markets may require front running our areas to ensure a fill.
Trade # 1 I was working a bid below @ 1306.25 (VAL) feeling that I may be unable and didnt want to miss the move up I paid up 1 tic and I went long @1306.50.
I also kept working the bid below @ 1306.25 but I was unable on those, so paying up the tic proved to be the right thing to do.
The market then stayed in a very tight range for most of the morning, it wasn't untill K period that we got range ext to the upside and finally got some love.
I was working an offer above @ 1312.5 to scale out because my thinking was that 1312.75 was double Ib and I thought that front running those would be the right move, however I was unable to get filled @ 1312.5 which ended up to be the high of the day. My best scale out was 1312 ( 5.5 points), these tight ranges and slow markets may require front running our areas to ensure a fill.
DA
day trading
Rep: 39,586
Posts: 6,369
Monday 11 September 2006
Trade # 1 I was working a short @ 1307.75 VAL I was unable, so seeing that we had 2 tpos on the overnite low @ 1303 I took a short @ 1305.5 and a mac @ 1306 , leaning on the 1306.25s The market traded up to 1306.25 exactly and then sold off to new lows, my best scale out was @ 1303 and due to low bullets it also made me flat. +3 points.
Trade # 2 I shorted 1304.75 against the singles in the bigs @ 1304.70, the bigs filled in and I tried to scratch them and reverse and get long but I was unable so the next time up I got stopped out @ 1305.75 - 1 point.
Trade # 3 I shorted 13075.75 being VAL and then again @ 1308.75 figuring that we would hold symetrical neutral @ 1309 we did not and I got stopped out at 10.25.
Trade # 4 I went short at 1312 leaning on the wiggle room of the Vah of 1312.75, the market sold down to 1310.5 my best scale out was for a point and that was all, i got stopped on the balance @ 1313.25.
Trade # 5 I was working shorts @ 1314.75 and 1315 (singles from 9/06). I never got filled then market sold down to 1310.5 and I canceled the order being late in the day and it would have been the 2 trip up there.
Trade # 6 I took a scalp short at 11.25 vah and we were below 11.75 DIBH for the day couldnt stay below it and now approaching 3 oclock I shorted 12.25s paid 11.75 and scratch the wole trade out--this was damage control because I was late on trying to scratch the 11.25s, so at this point I was just trying to scratch the trade out and be flat.
The short at 1314.75 and 1315 area would have paid about 5 point if we would have been filled, but i was unable to get filled.
I hope this helps and I will see ya all in the am, JP
Trade # 1 I was working a short @ 1307.75 VAL I was unable, so seeing that we had 2 tpos on the overnite low @ 1303 I took a short @ 1305.5 and a mac @ 1306 , leaning on the 1306.25s The market traded up to 1306.25 exactly and then sold off to new lows, my best scale out was @ 1303 and due to low bullets it also made me flat. +3 points.
Trade # 2 I shorted 1304.75 against the singles in the bigs @ 1304.70, the bigs filled in and I tried to scratch them and reverse and get long but I was unable so the next time up I got stopped out @ 1305.75 - 1 point.
Trade # 3 I shorted 13075.75 being VAL and then again @ 1308.75 figuring that we would hold symetrical neutral @ 1309 we did not and I got stopped out at 10.25.
Trade # 4 I went short at 1312 leaning on the wiggle room of the Vah of 1312.75, the market sold down to 1310.5 my best scale out was for a point and that was all, i got stopped on the balance @ 1313.25.
Trade # 5 I was working shorts @ 1314.75 and 1315 (singles from 9/06). I never got filled then market sold down to 1310.5 and I canceled the order being late in the day and it would have been the 2 trip up there.
Trade # 6 I took a scalp short at 11.25 vah and we were below 11.75 DIBH for the day couldnt stay below it and now approaching 3 oclock I shorted 12.25s paid 11.75 and scratch the wole trade out--this was damage control because I was late on trying to scratch the 11.25s, so at this point I was just trying to scratch the trade out and be flat.
The short at 1314.75 and 1315 area would have paid about 5 point if we would have been filled, but i was unable to get filled.
I hope this helps and I will see ya all in the am, JP
DA
day trading
Rep: 39,586
Posts: 6,369
Tuesday 12 September 2006
Trade # 1 I went short VAH 14.50 and then I mac at 15.50,my best scale out was for +1.5 and then I got stopped on the balance at 16.25xxx
Trade # 2 I went short 1tic IB High at 17.75 leaning on RE at 18.50, I was never able to scale out of anything and I was stopped out at 18.5 , - 3 tics.
Trade # 3 I went short at 19.75 when the DVAH expanded, the market sold off just a lil bit down to 17.25, my best scale out was 17.50 (+2.25)
I went flat on the rest.
Trade # 4 I shorted the 2 x ibh @ 1322.5 after 2:30 and I then tried to scratch it but I was unable too and ended up getting stopped out at aprox 24.75.
Today was one of those days where I feel like I am fighting the market the whole way up and I am, fortunatly these days are few.
Trade # 1 I went short VAH 14.50 and then I mac at 15.50,my best scale out was for +1.5 and then I got stopped on the balance at 16.25xxx
Trade # 2 I went short 1tic IB High at 17.75 leaning on RE at 18.50, I was never able to scale out of anything and I was stopped out at 18.5 , - 3 tics.
Trade # 3 I went short at 19.75 when the DVAH expanded, the market sold off just a lil bit down to 17.25, my best scale out was 17.50 (+2.25)
I went flat on the rest.
Trade # 4 I shorted the 2 x ibh @ 1322.5 after 2:30 and I then tried to scratch it but I was unable too and ended up getting stopped out at aprox 24.75.
Today was one of those days where I feel like I am fighting the market the whole way up and I am, fortunatly these days are few.
DA
day trading
Rep: 39,586
Posts: 6,369
Wednesday 13 Sep 2006
Trade # 1 I went short at 1323.75 against open high of 1324, I then went short the VAH at 1324.5, I macguyvered at 1325.5 leaning on th wiggle room at 1326. the wiggle room held and we sold -off down to 22.75 unable to make a new low and also having a ledge above me at 25.50, the market was saying that we should trade back up and we did so I scratched the balance. my best scale out was 1323 for + 2.5 points.
Trade # 2 I went short at 27.50 real small (10 lots) looking for the ledge below and the 2.5 pullback to be tested and hopefully fail it did NOT it went to 27 and stalled then it rallied back up to new highs, I paid 28.25 (- 3 tics) .
Trade 3 I went long at 1330 on a fake offer I saw the market then went straight up to new highs of 1332, my best scale out was 31.5 for + 1.5 points and I scratched the balance after being unable to take out the 31.25 long term high with and conviction.
I also was working an offer at 1329.5 2xibh but was unable the first time, then market sold down to 1327 (2.5) and then moved back up to new highs so I cancelled the 29.50 offer.
Trade # 1 I went short at 1323.75 against open high of 1324, I then went short the VAH at 1324.5, I macguyvered at 1325.5 leaning on th wiggle room at 1326. the wiggle room held and we sold -off down to 22.75 unable to make a new low and also having a ledge above me at 25.50, the market was saying that we should trade back up and we did so I scratched the balance. my best scale out was 1323 for + 2.5 points.
Trade # 2 I went short at 27.50 real small (10 lots) looking for the ledge below and the 2.5 pullback to be tested and hopefully fail it did NOT it went to 27 and stalled then it rallied back up to new highs, I paid 28.25 (- 3 tics) .
Trade 3 I went long at 1330 on a fake offer I saw the market then went straight up to new highs of 1332, my best scale out was 31.5 for + 1.5 points and I scratched the balance after being unable to take out the 31.25 long term high with and conviction.
I also was working an offer at 1329.5 2xibh but was unable the first time, then market sold down to 1327 (2.5) and then moved back up to new highs so I cancelled the 29.50 offer.
DA
day trading
Rep: 39,586
Posts: 6,369
Friday 15 Sep 2006
Trade # 1 I shorted the opening @ 35.50 because I heard 4-5 houses were all paper sellers right out of the gate. My best scale out was @ 32.00 for (+3.5 points), I then took the balance off at 36.00 (-2 tics).
Trade # 2 I went long @ 31.50 leaning on RE , my best scale out was 32.50 (+1 point).I lighten up more @ 32.00 , I was stopped out on balance @ 30.75 (-3 tics).
Trade # 3 feeling that the profile was unfinished to the upside, I went long again @ 30.50 leaning on the I period low hoping that J period make a higher low and then move up to finish out the profile to the upside, J period then went down and made 2 TPOs on the low so I decided to scratch the trade and try to get better prices lower at 29.25 if possible.
I scratched the whole trade NO SCALE OUTS!
Trade # 4 now having 2 TPOS lows I went short at DVAL @ 31.25 market traded to deep into dval so I scratched that trade.
Trade # 5 with a ledge above us I went long @ 32.75 failing to get above the DVAH I took my best scale @ 34.00 (+1.25) and went flat @ 33.00, the market then traded down to 30.50 and pretty much chopped around into the close.
I did have a closing price of 31.00 or lower we missed it by 1.25 points, the ym however did get ts closing price.
Trade # 1 I shorted the opening @ 35.50 because I heard 4-5 houses were all paper sellers right out of the gate. My best scale out was @ 32.00 for (+3.5 points), I then took the balance off at 36.00 (-2 tics).
Trade # 2 I went long @ 31.50 leaning on RE , my best scale out was 32.50 (+1 point).I lighten up more @ 32.00 , I was stopped out on balance @ 30.75 (-3 tics).
Trade # 3 feeling that the profile was unfinished to the upside, I went long again @ 30.50 leaning on the I period low hoping that J period make a higher low and then move up to finish out the profile to the upside, J period then went down and made 2 TPOs on the low so I decided to scratch the trade and try to get better prices lower at 29.25 if possible.
I scratched the whole trade NO SCALE OUTS!
Trade # 4 now having 2 TPOS lows I went short at DVAL @ 31.25 market traded to deep into dval so I scratched that trade.
Trade # 5 with a ledge above us I went long @ 32.75 failing to get above the DVAH I took my best scale @ 34.00 (+1.25) and went flat @ 33.00, the market then traded down to 30.50 and pretty much chopped around into the close.
I did have a closing price of 31.00 or lower we missed it by 1.25 points, the ym however did get ts closing price.