#FuturesTrades realtime trade posting on IRC Othernet server for full-time and part-time traders

January 2006 Trade Log Archived Trade Logs Trading Strategies

Light Crude Oil CL Eurex DAX EuroFX EC Russell Emini ER2 S&P Emini ES Nasdaq Emini NQ Mini-Sized Dow YM 10 Year T-Notes ZN

To see other trading instruments annotated charts...click here.

Jan 12th Thurs 2006 Trade Log

#FuturesTrades is a private and free realtime trading posting room on the IRC Othernet server.

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In addition, NihabaAshi is the only trader in #FuturesTrades that represents TheStrategyLab.com strategies.

Further, you'll find below the text log of realtime trades that were posted by full-time, part-time traders from around the world and the timestamp is eastern standard time (est).

Also, if you want to see an example of a trading day of what the trades actually look like on a computer screen while using mIRC to communicate with traders from all over the world in #FuturesTrades...click here.

NihabaAshi's Total Points Today: ER2 +3.30 or $330.00, YM +85.00 or $425.00

Session Start: Thu Jan 12 09:26:17 2006Session Ident: #futurestrades

* Now talking in #futurestrades 09:26

<X> [NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab

<pat255> flat to weak open, churn all session, then late strength

classical pattern lately...

<PapaJon> gm all 09:27

<danshirley> th eolder this rally gets the more people ar afraid to put on new longs

<NihabaAshi> pat255...a few years ago that was a great pattern to trade...very consistent then...

Waiting for the late afternoon rallies.

<pat255> but the mkt extended here ...it gonna turn on us ... 09:28

<mispe> GM 09:30

GM

<les> Long ER2 @ 713.9 09:34

<danshirley> euro diving 09:35

<mispe> Shorts YM @ 11049 09:37

<eminitrader> Long ES @ 1297

<les> Exited all ER2 Long @ 713.5 --> - 0.4

<eminitrader> Exited 1/2 ES Long @ 1297.50 --> + 0.5 09:40

Exited Remainder ES Long @ 1297 --> 0 09:41

<mispe> Covered 1/2 YM Short @ 11044 --> + 5

<NihabaAshi> ER2 forgot the other eminis are down :) 09:42

<mispe> Covered Remainder YM Short @ 11043 --> + 6 09:43

<X> #FuturesTrades Info -> This room is only for Trade Posting (real or paper) and/or discussions about a posted trade or key market events that could affect a trader's open trade position. LURKING not allowed..strictly enforced.

<jbraswell314> it's so contrarian 09:44

<eminitrader> Long ES @ 1297.25 09:46

<mispe> Shorts YM @ 11047 09:47

Covered 1/2 YM Short @ 11042 --> + 5 09:48

<NihabaAshi> Shorts ER2 @ 714.30 -> large size

<eminitrader> Exited all ES Long @ 1297.25 --> 0

<WannaBeBOS> like it niha 09:50

<mispe> Covered Remainder YM Short @ 11047 --> 0

<NihabaAshi> It's a low risk trade and easy to reverse into a Long position if I'm wrong. 09:52

<les> Shorts ER2 @ 714

<NihabaAshi> Only reason why I broke my rule of only going "small size" for my first trade of the day.

<pat255> gl trade in er gets my heart pounding ..lol

<les> papertrade

<WannaBeBOS> i noticed that

<les> Covered all ER2 Short @ 714 --> 0 09:53

<mispe> Shorts YM @ 11048 09:55

<NihabaAshi> Risk growing the longer I stay in this trade :( 09:56

<WannaBeBOS> come to daddy!

<jbraswell314> Shorts ER2 @ 714

<mispe> Covered all YM Short @ 11043 --> + 5

<eminitrader> Long ES @ 1297.25 09:57

<jbraswell314> Covered 1/2 ER2 Short @ 713.50 --> + 0.5

<szubaark> Shorts YM @ 11043 09:58

<NihabaAshi> exit stop lowered ER2 @ 714.20

<pat255> nice niha working now.. 09:59

<mispe> Shorts YM @ 11047

<NihabaAshi> Covered 1/3 ER2 Short @ 713.60 --> + 0.7

Got a pt1 and tried to get out at 713.20 :( 10:00

If this drops to 712.70...I'm gonna regret not loading the boat on this trade. 10:02

<mispe> Covered all YM Short @ 11042 --> + 5

Shorts YM @ 11050 10:05

<eminitrader> Exited 1/2 ES Long @ 1297.75 --> + 0.5

<jbraswell314> Covered Remainder ER2 Short @ 714 --> 0 10:06

<NihabaAshi> Trailing Stop Hit ER2 @ 714.20 --> + 0.1

<WannaBeBOS> that stinks 10:07

<NihabaAshi> Yep...thought for sure I'll catch a few points per contract...wasn't meant to be.

<mispe> Covered all YM Short @ 11050 --> 0 10:08

<WannaBeBOS> it will pay eventually

<szubaark> Covered all YM Short @ 11054 --> - 11 10:10

Long YM @ 11054

<eminitrader> Exited Remainder ES Long @ 1298.25 --> + 1 10:11

<mispe> Long YM @ 11046 10:13

<eminitrader> Shorts ES @ 1297.50

<jbraswell314> Shorts ER2 @ 713.70 10:15

<NihabaAshi> Shorts ER2 @ 713.00 -> small size 10:16

<mispe> Exited all YM Long @ 11042 --> - 4 10:17

<NihabaAshi> exit stop lowered ER2 @ 712.90

<szubaark> Exited all YM Long @ 11039 --> - 15

:(((

Shorts YM @ 11039

<eminitrader> Covered 1/3 ES Short @ 1297 --> + 0.5 10:18

<NihabaAshi> Covered 1/3 ER2 Short @ 711.90 --> + 1.1

<WannaBeBOS> die

<szubaark> dang im getting whacked here so far

<eminitrader> Covered Remainder ES Short @ 1297.50 --> 0 10:19

<NihabaAshi> Gonna try and hold this position as long as possible to compensate for those remainders in the prior position getting their trailing stop picked pocketed.

<jbraswell314> Covered ER2 Short @ 712.10 --> + 1.6 10:21

<NihabaAshi> Looking for anything between 710.40 - 709.20

<WannaBeBOS> nice jb

<jbraswell314> thx 10:22

<mispe> Shorts YM @ 11046

<NihabaAshi> jb...that was a nice entry when that counter-thrust failed. 10:23

I got caught watching instead of reacting :(

<jbraswell314> thanks, I've been studying ways to enter better, as I always seem to lag behind some of the folks on here

<szubaark> The Overnight needs to break for any Shorts

not looking good for my Short 10:25

<NihabaAshi> EIA Natural GAS Status Report about 4 mins away. 10:26

I think market so far is reacting to the Iran news and Oil reaction to the Iran news.

<jbraswell314> expecation is for a draw of about 20 Bcf

<danshirley> Shorts YM @ 11050 -> Add «« paper »»

<pdays> Shorts YM @ 11052 «« paper »»

<mispe> Covered all YM Short @ 11051 --> - 5 10:30

Long YM @ 11046 10:34

<jbraswell314> fwiw, my impression is that most folks around here pay far more attention to the ICAP auction numbers for oil and gas than CNBC and bank forecasts 10:35

Shorts ER2 @ 711.90

stop at BE

<pdays> Covered YM Short @ 11041 --> + 11 «« paper »»

Reverse and Enter Long YM @ 11041 «« paper »»

<jbraswell314> Covered all ER2 Short @ 711.80 --> + 0.1 10:36

<WannaBeBOS> all about the next 60 seconds, jb 10:37

<jbraswell314> you mean for the day?

<pdays> Exited all YM Long @ 11045 --> + 4 «« paper »» 10:38

<WannaBeBOS> i meant for reports 10:40

<mispe> Exited all YM Long @ 11046 --> 0 10:41

<NihabaAshi> Covered all ER2 Short @ 712.80 --> + 0.2 10:49

<jbraswell314> Long ER2 @ 712.90 10:51

Exited all ER2 Long @ 712.90 --> 0 10:52

:(

<X> #FuturesTrades Info -> This room is only for Trade Posting (real or paper) and/or discussions about a posted trade or key market events that could affect a trader's open trade position. LURKING not allowed..strictly enforced. 10:55

<mispe> Shorts YM @ 11051 10:57

Covered 1/2 YM Short @ 11046 --> + 5 11:05

Covered Remainder YM Short @ 11042 --> + 9 11:07

Long YM @ 11042 11:09

<danshirley> Covered all YM Short @ 11041 --> + 19 «« paper »» 11:10

* danshirley is now known as danaway

<NihabaAshi> Looks like things have finally slowed down with the volatility still declining since the EIA Natural GAS status report. 11:13

<mispe> Exited all YM Long @ 11039 --> - 3 11:18

<NihabaAshi> DAX did that parabolic uptrend...I'm surprised that the Eminis didn't follow its "parabolic" pace. 11:20

<mispe> it's due to the fall in Euro 11:21

<pat255> c u all later ty all...back to office 11:58

<X> #FuturesTrades Info -> This room is only for Trade Posting (real or paper) and/or discussions about a posted trade or key market events that could affect a trader's open trade position. LURKING not allowed..strictly enforced. 12:04

<ymtradr> Shorts YM @ 11039 12:15

<szubaark> Covered all YM Short @ 11041 --> - 2 12:21

impulsive trading on my part today :((( 12:22

<ymtradr> hope you didnt take the 39s because i did..

<szubaark> yes that was my Original Short from frikin 10:18 12:24

I was looking for a move either way, but we are in a range and i got smoked. 12:25

<ymtradr> Covered all YM Short @ 11033 --> + 6

i took the 10m reversal setup, bad r/r there but havent found much to be happy about today 12:26

* ymtradr is now known as ymtradr_away 12:47

<NihabaAshi> Long YM @ 11035.00 -> large size 13:00

<szubaark> Long YM @ 11034 13:05

<ymtradr_away> Long YM @ 11036 13:11

<szubaark> now in scared. 13:12

<ymtradr_away> take a look at the 5m reversal, nice bounce off yesterdays low but not sure we can get much higher since we've been downtrending today

<szubaark> we need NQ,ES to come along for the ride 13:14

<X> #FuturesTrades Info -> This room is only for Trade Posting (real or paper) and/or discussions about a posted trade or key market events that could affect a trader's open trade position. LURKING not allowed..strictly enforced. 13:16

<ymtradr_away> Exited all YM Long @ 11041 --> + 5 13:19

<szubaark> Exited 1/2 YM Long @ 11040 --> + 6

exit stop moved to breakeven YM @ 11034 13:20

Increasing timeframe for PT2 13:21

<NihabaAshi> 11040 doesn't look possible especially with ER2 stalling a little. 13:24

Meant 11045

Exited all YM Long @ 11035.00 --> 0 13:25

Got shook out :(

<szubaark> Exited all YM Long @ 11034 --> 0

of course they gonna keep it here BEFORE 2pm treasury Report 13:39

Long NQ @ 1770 13:41

<NihabaAshi> With the way Treasuries have been behaving lately...that 2pm report should produce some volatility. 13:42

If not...I'm going to call it quits for the trading day.

<szubaark> nice trading niha. small range u kept it tight. 13:45

Exited all NQ Long @ 1765 --> - 5 13:52

Long NQ @ 1766 13:53

<NihabaAshi> Shorts YM @ 11025.00 -> large size

Volatility started a little early then I expected :( 13:54

<substanz> Long YM @ 11017 «« paper »» 13:55

<NihabaAshi> Covered 2/3 YM Short @ 11015.00 --> + 10 13:56

exit stop lowered YM @ 11024.00 13:57

<substanz> Exited all YM Long @ 11012 --> - 5 «« paper »»

<szubaark> that came out of nowehere :(((

<NihabaAshi> Treasury Budget in 2mins 13:58

<ymtradr_away> for some reason that isnt enough listed on the econ calendar i use, i need to get better news info

<GoodMood> ymtradr: look here -> http://online.wsj.com/public/resources/d ocuments/b-econoday.htm 14:01

<ymtradr_away> thanks 14:02

<szubaark> Exited all NQ Long @ 1761.50 --> - 4.5 14:03

geez.. went wrong way

<togglex> long er2 710.5 14:06

<NihabaAshi> Covered YM Short @ 10999.00.00 --> + 11025.00 - 10999.00.00 14:15

Ooops...

Covered YM Short @ 10009.00 --> + 1016 14:16

:(

<ymtradr_away> very nice trade niha, might i ask what your primary reason for s @ 025 was?

<NihabaAshi> Covered YM Short @ 10999.00 --> + 26 14:17

<togglex> close long er2 709.8 -0.7 sorry was late

<NihabaAshi> Holding 1 contract remainder

Ymtrader...YM has been weak all day with several failed counter-thrusts... 14:19

Then the Volatility Indices VIX and VXN made a strong move to the upside...

I just jumped on the band wagon sort'uv speak.

<ymtradr_away> got ya, thx 14:20

<NihabaAshi> More importantly, the price movement was in reaction to the 2pm est Treasury Budget...

Within its 15min volatility window (1:45pm - 2:15pm est). 14:21

<ymtradr_away> i don't use a live news stream for the reports, will CNBC suffice for this or too delayed?

<NihabaAshi> I don't use live news stream either eventhough I have access to it. 14:23

I just use a economic calendar and monitor the price action within the 15min window of those reports. 14:24

<ymtradr_away> ok that makes sense. thanks for the explanation.

<NihabaAshi> The TA side of my YM trade was that I did a late entry via chasing it down from my trade signal price @ 11033.00 (1:45pm est) 14:25

Thus, got a little lucky because I was 8 points away from my pattern signal price when I only allow no more than 2 points for YM. 14:27

Got lucky in that YM didn't do a counter-thrust back upwards soon after my entry. 14:28

<X> #FuturesTrades Info -> This room is only for Trade Posting (real or paper) and/or discussions about a posted trade or key market events that could affect a trader's open trade position. LURKING not allowed..strictly enforced.

<ymtradr_away> Got it

<X> #FuturesTrades Info -> This room is only for Trade Posting (real or paper) and/or discussions about a posted trade or key market events that could affect a trader's open trade position. LURKING not allowed..strictly enforced. 15:40

<ymtradr_away> i am done for the day, missed out on the treasury budget move and got knocked around early in the day. here's hoping to tomorrow. bye guys 15:59

* ymtradr_away is now known as ymtradr 16:00

<NihabaAshi> :( 16:01

Too many discount buyers showing up late in the day.

I'll be watching the DAX tomorrow because there may be a possible trade signal soon after it GAPs down at its Open. 16:13

Thus, because I'll be up early in the morning...I'll trade the Eminis just tomorrow's morning session only... 16:14

Will be done by 11am est.

<WannaBeBOS> ppi report? 16:17

<NihabaAshi> Covered Remainder YM Short @ 11006.00 --> + 19 16:44

Decided at the last minute not to hold this contract as an overnight hold. 16:45

It's bad enough I'll be getting up early but to try to get a decent sleep with that contract still open will be tough eventhough it was just one contract.

Wanna...yes... 16:46

We got two key econ reports tomorrow morning at 0830am est

Then one more at 10am est. 16:47

Take care and see all tomorrow.

* NihabaAshi is now known as NihabaAshi_away

* DisconnectedSession Close: Thu Jan 12 16:48:13 2006 16:48

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	Session Start: Thu Jan 12 09:26:17 2006Session Ident: #futurestrades
* Now	talking in #futurestrades	09:26
<X>	[NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab
<pat255>	flat to weak open, churn all session, then late strength
	classical pattern lately...
<PapaJon>	gm all	09:27
<danshirley>	th eolder this rally gets the more people ar afraid to put on new longs
<NihabaAshi>	pat255...a few years ago that was a great pattern to trade...very consistent then...
	Waiting for the late afternoon rallies.
<pat255>	but the mkt extended here ...it gonna turn on us ...	09:28
<mispe>	GM	09:30
	GM
<les>	Long ER2 @ 713.9	09:34
<danshirley>	euro diving	09:35
<mispe>	Shorts YM @ 11049	09:37
<eminitrader>	Long ES @ 1297
<les>	Exited all ER2 Long @ 713.5 --> - 0.4
<eminitrader>	Exited 1/2 ES Long @ 1297.50 --> + 0.5	09:40
	Exited Remainder ES Long @ 1297 --> 0	09:41
<mispe>	Covered 1/2 YM Short @ 11044 --> + 5
<NihabaAshi>	ER2 forgot the other eminis are down :)	09:42
<mispe>	Covered Remainder YM Short @ 11043 --> + 6	09:43
<X>	#FuturesTrades Info -> This room is only for Trade Posting (real or paper) and/or discussions about a posted trade or key market events that could affect a trader's open trade position. LURKING not allowed..strictly enforced.
<jbraswell314>	it's so contrarian	09:44
<eminitrader>	Long ES @ 1297.25	09:46
<mispe>	Shorts YM @ 11047	09:47
	Covered 1/2 YM Short @ 11042 --> + 5	09:48
<NihabaAshi>	Shorts ER2 @ 714.30 -> large size
<eminitrader>	Exited all ES Long @ 1297.25 --> 0
<WannaBeBOS>	like it niha	09:50
<mispe>	Covered Remainder YM Short @ 11047 --> 0
<NihabaAshi>	It's a low risk trade and easy to reverse into a Long position if I'm wrong.	09:52
<les>	Shorts ER2 @ 714
<NihabaAshi>	Only reason why I broke my rule of only going "small size" for my first trade of the day.
<pat255>	gl trade in er gets my heart pounding ..lol
<les>	papertrade
<WannaBeBOS>	i noticed that
<les>	Covered all ER2 Short @ 714 --> 0	09:53
<mispe>	Shorts YM @ 11048	09:55
<NihabaAshi>	Risk growing the longer I stay in this trade :(	09:56
<WannaBeBOS>	come to daddy!
<jbraswell314>	Shorts ER2 @ 714
<mispe>	Covered all YM Short @ 11043 --> + 5
<eminitrader>	Long ES @ 1297.25	09:57
<jbraswell314>	Covered 1/2 ER2 Short @ 713.50 --> + 0.5
<szubaark>	Shorts YM @ 11043	09:58
<NihabaAshi>	exit stop lowered ER2 @ 714.20
<pat255>	nice niha working now..	09:59
<mispe>	Shorts YM @ 11047
<NihabaAshi>	Covered 1/3 ER2 Short @ 713.60 --> + 0.7
	Got a pt1 and tried to get out at 713.20 :(	10:00
	If this drops to 712.70...I'm gonna regret not loading the boat on this trade.	10:02
<mispe>	Covered all YM Short @ 11042 --> + 5
	Shorts YM @ 11050	10:05
<eminitrader>	Exited 1/2 ES Long @ 1297.75 --> + 0.5
<jbraswell314>	Covered Remainder ER2 Short @ 714 --> 0	10:06
<NihabaAshi>	Trailing Stop Hit ER2 @ 714.20 --> + 0.1
<WannaBeBOS>	that stinks	10:07
<NihabaAshi>	Yep...thought for sure I'll catch a few points per contract...wasn't meant to be.
<mispe>	Covered all YM Short @ 11050 --> 0	10:08
<WannaBeBOS>	it will pay eventually
<szubaark>	Covered all YM Short @ 11054 --> - 11	10:10
	Long YM @ 11054
<eminitrader>	Exited Remainder ES Long @ 1298.25 --> + 1	10:11
<mispe>	Long YM @ 11046	10:13
<eminitrader>	Shorts ES @ 1297.50
<jbraswell314>	Shorts ER2 @ 713.70	10:15
<NihabaAshi>	Shorts ER2 @ 713.00 -> small size	10:16
<mispe>	Exited all YM Long @ 11042 --> - 4	10:17
<NihabaAshi>	exit stop lowered ER2 @ 712.90
<szubaark>	Exited all YM Long @ 11039 --> - 15
	:(((
	Shorts YM @ 11039
<eminitrader>	Covered 1/3 ES Short @ 1297 --> + 0.5	10:18
<NihabaAshi>	Covered 1/3 ER2 Short @ 711.90 --> + 1.1
<WannaBeBOS>	die
<szubaark>	dang im getting whacked here so far
<eminitrader>	Covered Remainder ES Short @ 1297.50 --> 0	10:19
<NihabaAshi>	Gonna try and hold this position as long as possible to compensate for those remainders in the prior position getting their trailing stop picked pocketed.
<jbraswell314>	Covered ER2 Short @ 712.10 --> + 1.6	10:21
<NihabaAshi>	Looking for anything between 710.40 - 709.20
<WannaBeBOS>	nice jb
<jbraswell314>	thx	10:22
<mispe>	Shorts YM @ 11046
<NihabaAshi>	jb...that was a nice entry when that counter-thrust failed.	10:23
	I got caught watching instead of reacting :(
<jbraswell314>	thanks, I've been studying ways to enter better, as I always seem to lag behind some of the folks on here
<szubaark>	The Overnight needs to break for any Shorts
	not looking good for my Short	10:25
<NihabaAshi>	EIA Natural GAS Status Report about 4 mins away.	10:26
	I think market so far is reacting to the Iran news and Oil reaction to the Iran news.
<jbraswell314>	expecation is for a draw of about 20 Bcf
<danshirley>	Shorts YM @ 11050 -> Add «« paper »»
<pdays>	Shorts YM @ 11052 «« paper »»
<mispe>	Covered all YM Short @ 11051 --> - 5	10:30
	Long YM @ 11046	10:34
<jbraswell314>	fwiw, my impression is that most folks around here pay far more attention to the ICAP auction numbers for oil and gas than CNBC and bank forecasts	10:35
	Shorts ER2 @ 711.90
	stop at BE
<pdays>	Covered YM Short @ 11041 --> + 11 «« paper »»
	Reverse and Enter Long YM @ 11041 «« paper »»
<jbraswell314>	Covered all ER2 Short @ 711.80 --> + 0.1	10:36
<WannaBeBOS>	all about the next 60 seconds, jb	10:37
<jbraswell314>	you mean for the day?
<pdays>	Exited all YM Long @ 11045 --> + 4 «« paper »»	10:38
<WannaBeBOS>	i meant for reports	10:40
<mispe>	Exited all YM Long @ 11046 --> 0	10:41
<NihabaAshi>	Covered all ER2 Short @ 712.80 --> + 0.2	10:49
<jbraswell314>	Long ER2 @ 712.90	10:51
	Exited all ER2 Long @ 712.90 --> 0	10:52
	:(
<X>	#FuturesTrades Info -> This room is only for Trade Posting (real or paper) and/or discussions about a posted trade or key market events that could affect a trader's open trade position. LURKING not allowed..strictly enforced.	10:55
<mispe>	Shorts YM @ 11051	10:57
	Covered 1/2 YM Short @ 11046 --> + 5	11:05
	Covered Remainder YM Short @ 11042 --> + 9	11:07
	Long YM @ 11042	11:09
<danshirley>	Covered all YM Short @ 11041 --> + 19 «« paper »»	11:10
* danshirley	is now known as danaway
<NihabaAshi>	Looks like things have finally slowed down with the volatility still declining since the EIA Natural GAS status report.	11:13
<mispe>	Exited all YM Long @ 11039 --> - 3	11:18
<NihabaAshi>	DAX did that parabolic uptrend...I'm surprised that the Eminis didn't follow its "parabolic" pace.	11:20
<mispe>	it's due to the fall in Euro	11:21
<pat255>	c u all later ty all...back to office	11:58
<X>	#FuturesTrades Info -> This room is only for Trade Posting (real or paper) and/or discussions about a posted trade or key market events that could affect a trader's open trade position. LURKING not allowed..strictly enforced.	12:04
<ymtradr>	Shorts YM @ 11039	12:15
<szubaark>	Covered all YM Short @ 11041 --> - 2	12:21
	impulsive trading on my part today :(((	12:22
<ymtradr>	hope you didnt take the 39s because i did..
<szubaark>	yes that was my Original Short from frikin 10:18	12:24
	I was looking for a move either way, but we are in a range and i got smoked.	12:25
<ymtradr>	Covered all YM Short @ 11033 --> + 6
	i took the 10m reversal setup, bad r/r there but havent found much to be happy about today	12:26
* ymtradr	is now known as ymtradr_away	12:47
<NihabaAshi>	Long YM @ 11035.00 -> large size	13:00
<szubaark>	Long YM @ 11034	13:05
<ymtradr_away>	Long YM @ 11036	13:11
<szubaark>	now in scared.	13:12
<ymtradr_away>	take a look at the 5m reversal, nice bounce off yesterdays low but not sure we can get much higher since we've been downtrending today
<szubaark>	we need NQ,ES to come along for the ride	13:14
<X>	#FuturesTrades Info -> This room is only for Trade Posting (real or paper) and/or discussions about a posted trade or key market events that could affect a trader's open trade position. LURKING not allowed..strictly enforced.	13:16
<ymtradr_away>	Exited all YM Long @ 11041 --> + 5	13:19
<szubaark>	Exited 1/2 YM Long @ 11040 --> + 6
	exit stop moved to breakeven YM @ 11034	13:20
	Increasing timeframe for PT2	13:21
<NihabaAshi>	11040 doesn't look possible especially with ER2 stalling a little.	13:24
	Meant 11045
	Exited all YM Long @ 11035.00 --> 0	13:25
	Got shook out :(
<szubaark>	Exited all YM Long @ 11034 --> 0
	of course they gonna keep it here BEFORE 2pm treasury Report	13:39
	Long NQ @ 1770	13:41
<NihabaAshi>	With the way Treasuries have been behaving lately...that 2pm report should produce some volatility.	13:42
	If not...I'm going to call it quits for the trading day.
<szubaark>	nice trading niha. small range u kept it tight.	13:45
	Exited all NQ Long @ 1765 --> - 5	13:52
	Long NQ @ 1766	13:53
<NihabaAshi>	Shorts YM @ 11025.00 -> large size
	Volatility started a little early then I expected :(	13:54
<substanz>	Long YM @ 11017 «« paper »»	13:55
<NihabaAshi>	Covered 2/3 YM Short @ 11015.00 --> + 10	13:56
	exit stop lowered YM @ 11024.00	13:57
<substanz>	Exited all YM Long @ 11012 --> - 5 «« paper »»
<szubaark>	that came out of nowehere :(((
<NihabaAshi>	Treasury Budget in 2mins	13:58
<ymtradr_away>	for some reason that isnt enough listed on the econ calendar i use, i need to get better news info
<GoodMood>	ymtradr: look here -> http://online.wsj.com/public/resources/d ocuments/b-econoday.htm	14:01
<ymtradr_away>	thanks	14:02
<szubaark>	Exited all NQ Long @ 1761.50 --> - 4.5	14:03
	geez.. went wrong way
<togglex>	long er2 710.5	14:06
<NihabaAshi>	Covered YM Short @ 10999.00.00 --> + 11025.00 - 10999.00.00	14:15
	Ooops...
	Covered YM Short @ 10009.00 --> + 1016	14:16
	:(
<ymtradr_away>	very nice trade niha, might i ask what your primary reason for s @ 025 was?
<NihabaAshi>	Covered YM Short @ 10999.00 --> + 26	14:17
<togglex>	close long er2 709.8 -0.7 sorry was late
<NihabaAshi>	Holding 1 contract remainder
	Ymtrader...YM has been weak all day with several failed counter-thrusts...	14:19
	Then the Volatility Indices VIX and VXN made a strong move to the upside...
	I just jumped on the band wagon sort'uv speak.
<ymtradr_away>	got ya, thx	14:20
<NihabaAshi>	More importantly, the price movement was in reaction to the 2pm est Treasury Budget...
	Within its 15min volatility window (1:45pm - 2:15pm est).	14:21
<ymtradr_away>	i don't use a live news stream for the reports, will CNBC suffice for this or too delayed?
<NihabaAshi>	I don't use live news stream either eventhough I have access to it.	14:23
	I just use a economic calendar and monitor the price action within the 15min window of those reports.	14:24
<ymtradr_away>	ok that makes sense. thanks for the explanation.
<NihabaAshi>	The TA side of my YM trade was that I did a late entry via chasing it down from my trade signal price @ 11033.00 (1:45pm est)	14:25
	Thus, got a little lucky because I was 8 points away from my pattern signal price when I only allow no more than 2 points for YM.	14:27
	Got lucky in that YM didn't do a counter-thrust back upwards soon after my entry.	14:28
<X>	#FuturesTrades Info -> This room is only for Trade Posting (real or paper) and/or discussions about a posted trade or key market events that could affect a trader's open trade position. LURKING not allowed..strictly enforced.
<ymtradr_away>	Got it
<X>	#FuturesTrades Info -> This room is only for Trade Posting (real or paper) and/or discussions about a posted trade or key market events that could affect a trader's open trade position. LURKING not allowed..strictly enforced.	15:40
<ymtradr_away>	i am done for the day, missed out on the treasury budget move and got knocked around early in the day. here's hoping to tomorrow. bye guys	15:59
* ymtradr_away	is now known as ymtradr	16:00
<NihabaAshi>	:(	16:01
	Too many discount buyers showing up late in the day.
	I'll be watching the DAX tomorrow because there may be a possible trade signal soon after it GAPs down at its Open.	16:13
	Thus, because I'll be up early in the morning...I'll trade the Eminis just tomorrow's morning session only...	16:14
	Will be done by 11am est.
<WannaBeBOS>	ppi report?	16:17
<NihabaAshi>	Covered Remainder YM Short @ 11006.00 --> + 19	16:44
	Decided at the last minute not to hold this contract as an overnight hold.	16:45
	It's bad enough I'll be getting up early but to try to get a decent sleep with that contract still open will be tough eventhough it was just one contract.
	Wanna...yes...	16:46
	We got two key econ reports tomorrow morning at 0830am est
	Then one more at 10am est.	16:47
	Take care and see all tomorrow.
* NihabaAshi	is now known as NihabaAshi_away
* DisconnectedSession	Close: Thu Jan 12 16:48:13 2006	16:48