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#FuturesTrades March 1st Thursday 2007 Trade Log

#FuturesTrades is a private and free realtime trading posting chat room on the IRC Othernet server that allows traders from all over the world to communicate.

Click here for the instructions on gaining access to #FuturesTrades.

In addition, trades posted by members of #FuturesTrades in the below trade post chat log are by traders that do not have access to TheStrategyLab.com strategies except for NihabaAshi.

Fee-based clients of TheStrategyLab.com strategies use the private IRC rooms called #TheStrategyLab and #SwingTradingTSL.

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

Also, below NihabaAshi's trading blog like comments, you can read the time stamped trades (prices, entries, exits et cetera) and market discussions that sometimes contains trading tips or insights that are more useful than what you will see at any other futures blog or chat room.

Trading Blog Below is not your traditional trader's blog in the usual blog format. However, you will find informative commentary on a few occasions as time permits and such will contain trading tips that should help your trading as I attempt to sum up my thoughts for the trading day.

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ER2 EuroFX EC

+56.90 +0.0000

$5,690.00 $0.00

Trading Perspective

Profit/Loss Statement

The trading day should have been a record breaking day for me due to the fact I missed a key bullish pattern signal off the bounce from the intraday lows and then I missed a bullish intuition trend continuation trade around 0954am est (Intraday Market Tendency Report) along with another missed bullish pattern signal (Trade Manual) @ 1232pm est.

However, due to the volatility levels still at a high along with some nice peaks and valleys to see rising/declining volatility...it was still a very good trading day to remember for a long time along with the fact I captured a 6 point trade on a remainder in a trade that was a trade error (see log below involving my last trade of the day).

Today's results (real money and simulator trading) shown above are that of NihabaAshi only. To see his total accumulated points for the month of March...click here. To see results for the months of 2007 and prior years...click here.

Commentary by M.A. Perry (a.k.a. NihabaAshi)
intradaystrategies@yahoo.com
Note: Each month there are a few trading days that we consider to involve interconnecting key price action of different markets and such is represented by a particular type of price action from one of the key markets. You can view the charts and their clues that's associated with the key price action at our key market archives.


#FuturesTrades purpose, benefits and access info...click here.

Session Start: Thu Mar 01 09:16:12 2007Session Ident: #futurestrades

* Now talking in #futurestrades 09:16

<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm

<RussellDaytrade> Long ER2 @ 782 -> Add «« paper »»

Long ER2 @ 781 -> Add «« paper »»

Long ER2 @ 780 -> Add «« paper »» 09:17

Long ER2 @ 779 -> Add «« paper »» 09:18

<pat255> gm all ..blood al over 09:20

<eminitrader> no pat i use tradestation 09:27

<PapaJon> gm all

<X> #FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, QQQQ, SPY) 09:32

<RussellDaytrade> Long ER2 @ 778 -> Add «« paper »» 09:33

<eminitrader> Long ES @ 1381

<NihabaAshi> Geesh...5 point drop in ER2 in less than 5mins :(

<eminitrader> Exited 2/3 ES Long @ 1384 --> + 3 09:34

Exited Remainder ES Long @ 1386 --> + 5

Shorts ES @ 1386.50 09:35

Shorts ES @ 1388 -> Add 09:36

<NihabaAshi> Volatility is high overall but currently it is declining.

Key economic info at 10am, 1030am and a 12pm est FED speech. 09:37

<PapaJon> jeeze... if this keeps up.. i gonna need a new computer

my cpu is pegged

<NihabaAshi> Tresury Futures are doing great since Friday because they have been the "flight to quality" while the rest of the market suffers.\ 09:38

<pat255> right .. 09:39

<NihabaAshi> Shorts ER2 @ 778.40 -> large size 09:40

Covered ER2 Short @ 779.30 --> - 0.9 09:41

Reverse and Enter Long ER2 @ 779.30

<eminitrader> Covered 1/2 ES Short @ 1386.50 --> + 1.5 09:42

<NihabaAshi> Exited ER2 Long @ 777.50 --> - 1.8 09:43

Reverse and Enter Short ER2 @ 777.50

<RussellDaytrade> Long ER2 @ 777 -> Add «« paper »»

Long ER2 @ 776 -> Add «« paper »»

<NihabaAshi> Shorts ER2 @ 777.20 -> Add 09:44

<eminitrader> Covered Remainder ES Short @ 1383.50 --> + 3 09:45

<RussellDaytrade> Long ER2 @ 775 -> Add «« paper »»

<NihabaAshi> Covered 1/3 ER2 Short @ 774.70 --> + 2.5 09:46

<RussellDaytrade> Long ER2 @ 774 -> Add «« paper »»

<eminitrader> Long ES @ 1382.50

<NihabaAshi> Covered 1/3 ER2 Short @ 774.20 --> + 3.3

Big trade for me so far because I loaded the boat on the ADD.\ 09:47

<pat255> this i sjust too fast for me ...dang

<eminitrader> Exited 1/2 ES Long @ 1385.50 --> + 3 09:48

<NihabaAshi> Covered Remainder ER2 Short @ 776.10 --> + 1.4

Market collars in place now.

<eminitrader> thats it for today guys ...i'm done ...will hold the rest for some time

<NihabaAshi> Volatility should drop dramatically now that the "exchange limits" have kicked in. 09:49

<PapaJon> nice job et 09:50

<eminitrader> thx pj

<PapaJon> my wife starting new job today.. kept interupting me.. i missed two good entries... argh! 09:51

<szubaark> Buys NQ @ 1727 «« paper »»

exit stop set NQ @ 1727 «« paper »» 09:53

Exited all Long NQ at 1731 --> + 4 «« paper »»

<PapaJon> niha...how can you tell "exchange limits"? 09:54

<eminitrader> Exited 1/3 ES Long @ 1387.50 --> + 5 09:55

holding 3

<NihabaAshi> Nice counter-thrust back upwards on the declining volatility.

Long ER2 @ 782.00 -> small size 09:56

Poor entry because I couldn't get Long due to my charts acting funny. 09:57

<eminitrader> Exited 1/3 ES Long @ 1391.50 --> + 9

<NihabaAshi> Had to wait a full 2 points later to get Long :(

<eminitrader> holding 1

<szubaark> yersturday having a "bias" hurt me as i had SELL SELL INPRINTED on my forehead and took a big lick

<RussellDaytrade> Exited 1/4 ER2 Long @ 783 --> + 9 «« paper »»

<NihabaAshi> Exited all ER2 Long @ 782.10 --> + 0.1

<eminitrader> I want the tenner..... 09:58

<NihabaAshi> If that happens one more time for me this morning...

I'll call it quits for the morning.

Volatility dropping fast due to the pending 10am key econ info 09:59

Too late :)

<eminitrader> Exited Remainder ES Long @ 1492.50 --> + 110 10:00

<RussellDaytrade> Exited 1/4 ER2 Long @ 784.9 --> + 1.7 «« paper »»

<eminitrader> oops..

Exited Remainder ES Long @ 1392.50 --> + 10

<NihabaAshi> Long ER2 @ 785.00 -> medium size

<szubaark> wow emini.. a twn pointer

<eminitrader> no regrets:)) 10:01

<RussellDaytrade> Exited 1/4 ER2 Long @ 786.9 --> + 3.7 «« paper »»

<NihabaAshi> Exited 1/2 ER2 Long @ 787.00 --> + 2

<PapaJon> this is crazy... sheesh

<NihabaAshi> Geeesh...this is almost "mad like".

<RussellDaytrade> Exited all ER2 Long @ 789 --> + 5.8 «« paper »»

<NihabaAshi> Wow... 10:02

Go baby Go.

<PapaJon> agree niha.. need to put on extra seat belts

<NihabaAshi> Exited ER2 Long @ 790.30 --> + 5.3 10:03

Holding 1 contract

<RussellDaytrade> Exited all ER2 Long @ 790 --> + 6.8 «« paper »» 10:04

that waw a close of all long positions.

<NihabaAshi> Had I not missed the initial entry that resulted in a Late Entry on the prior Long that net only a tick profit...

I would have had my biggest trading day in a few years because I would have gone Large size. 10:05

<asuni> can someone tell me the price of er now?

<NihabaAshi> Exited Remainder ER2 Long @ 786.00 --> + 1

785.30

<RussellDaytrade> Long ER2 @ 785.5 «« paper »»

<NihabaAshi> 785.50

<asuni> delay of more than 1min in tradestation 10:06

<NihabaAshi> 785.00

<RussellDaytrade> IB cutting out.

<NihabaAshi> asuni...I have a delay of about 5 secs...

<asuni> i have in the book ur prices, i chart 1 min of delay

not second 10:07

<NihabaAshi> I'm basically trading via my brokers quotes only and then trying to correlate with what I see on my charts (different vendor) are showing :)

I think I've missed about 2k in profits today so far because of the delays.

:(

Zig shorted all the way up. 10:08

<RussellDaytrade> net of all previous longs is 1.8 on 10. not much, but i am whole and slightly positive. 10:10

<NihabaAshi> Shorts ER2 @ 784.60 -> small size

<ItalianSharp> niha, it feels like trading under news constantly...

prices move so fast

<NihabaAshi> Covered all ER2 Short @ 784.20 --> + 0.4 10:13

Long ER2 @ 787.30 -> small size

<RussellDaytrade> Exited all ER2 Long @ 787 --> + 1.5 «« paper »» 10:14

<NihabaAshi> Exited ER2 Long @ 787.00 --> - 0.3 10:15

Reverse and Enter Short ER2 @ 787.00

<RussellDaytrade> Long ER2 @ 786.3 «« paper »»

<NihabaAshi> Covered 1/3 ER2 Short @ 786.00 --> + 1 10:16

Covered ER2 Short @ 787.00 --> 0 10:18

Reverse and Enter Long ER2 @ 787.00

<RussellDaytrade> positive close with a gap opening?

er opens tom at 800?

<NihabaAshi> Added a few contracts on the reverse to bring it to whole.

Exited 1/3 ER2 Long @ 788.20 --> + 1.2 10:19

<RussellDaytrade> unwinding of the carry trade my ass. people are likely INCREASING their borrrowing.

<NihabaAshi> Exited 1/3 ER2 Long @ 788.90 --> + 1.9 10:20

<RussellDaytrade> somebody please tell me wehre i can get my hands on some .5% cmoney?

<NihabaAshi> Lets see if ER2 will continue upwards and go for a GAP fill. 10:21

<RussellDaytrade> AG is covered and long now, wants the mkts up.

<NihabaAshi> Exited Remainder ER2 Long @ 787.80 --> + 0.8

:(

Volatility dropping dramatically and I suspect its because many "retail traders" are giving up sort'uv speak with all the data vendor/software problems during these chaotic price moves. 10:23

Reducing my contract size smaller now...down to 1 contract only. 10:24

<RussellDaytrade> Long ER2 @ 784.7 -> Add «« paper »»

<NihabaAshi> 1030am est Natural GAS Report up next. 10:25

Market is so schizo right now...anything that has a time schedule causes a volatility spike. 10:26

<ItalianSharp> Niha: the prior times you saw something like this happen, how many days did it take for markets to settle down?

<NihabaAshi> 2-3

You'll know it when we get at least two consecutive tight range days...

<ItalianSharp> Since yesterday's open, the trading environment has been the same as when NFP come out...

<NihabaAshi> After that...I'll be looking for a BIG trend day...up or down. 10:27

Trading days like today and yesterday makes all that Volatility Analysis worthwhile.

Tough to trade today and yesterday without a good feel for the volatility. 10:28

<RussellDaytrade> positive div are even stronger today then yes.

<NihabaAshi> I hope it continues into tomorrow.

Shorts ER2 @ 786.50 -> small size 10:32

Ooopss...

Shorts ER2 @ 787.50 -> small size 10:33

Natural GAS declining.

Covered ER2 Short @ 785.00 --> + 2.5 10:34

<pat255> vn niha ... 10:35

<NihabaAshi> I had help from Bloomberg :)

<pat255> well timed S.. 10:36

<NihabaAshi> Good trade because I only wanted a 3-8 tick profit...

Decided to stay in it a little longer when the volatility showed up in direction of the trade. 10:37

<X> #FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, QQQQ, SPY) 10:44

<ItalianSharp> Rick Santelli from CNBC just said tuesday's lows could have easily been some major stop running...flushed out lots of traders from long-lasting positions 10:46

<NihabaAshi> Yesterday's range price action started around 1045am est... 10:48

Today it started about 30mins earlier.

<pat255> still very choppy . 10:49

<ItalianSharp> what i am really suprised about is the volatility...never seen such a thing...guess it'll take a few days for markets to settle down and go back to normal

<NihabaAshi> Long ER2 @ 787.10 -> small size 10:50

Exited ER2 Long @ 788.30 --> + 1.2 10:51

<RussellDaytrade> good all day and o/n hold today. 10:52

<NihabaAshi> Long ER2 @ 789.00 -> small size

Will try to hold this one to see if it can close the GAP...stop at breakeven. 10:53

<RussellDaytrade> buy frenzy just atrating to come in 10:56

starting

<NihabaAshi> exit stop raised ER2 @ 789.10 10:58

FED Speech @ 12:00 PM ET : Treasury Secretary Henry Paulson to address the Economic Club on trade, in Washington. 11:04

:( 11:05

Trailing Stop Hit ER2 @ 789.10 --> + 0.1

<pdays> Shorts ER2 @ 789.9 11:14

Covered all ER2 Short @ 789.6 --> + 0.3 11:16

<NihabaAshi> Long ER2 @ 790.70 -> small size

* codehead_afk is now known as codehead

<NihabaAshi> Exited ER2 Long @ 791.20 --> + 0.5 11:20

<RussellDaytrade> its about all they can do to contain this in negative territory. 11:21

too early in the day for it to go positive.

when it does, and then opens gap up, everyone will then be crying foal cuz they didn't buy it, and will be praying for low prices again. 11:22

overseas will bounce tonight, and we go higher on the back of it, or on the front of it, is better said. 11:24

that selling intensity this am, while it FELT worse then yesterday, was actually LESS INTENSE, thats a positive divergence, and mkt goes up 11:26

correction to above... reference to the day before yesterday...lower prices with less selling pressure = positive divergence. 11:30

seems like all one big day to me anymore.

Long ER2 @ 792 -> Add «« paper »» 11:32

i'm going to add it before it even trades there

:) 11:33

<X> #FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, QQQQ, SPY) 11:56

<RussellDaytrade> Long ER2 @ 788.1 -> Add «« paper »» 11:58

whaddya, they reeled in some small fries. tip of the iceberg. 12:05

whadya know

<NihabaAshi> Long ER2 @ 789.70 -> small size 12:10

[11:04] <NihabaAshi> FED Speech @ 12:00 PM ET : Treasury Secretary Henry Paulson to address the Economic Club on trade, in Washington. 12:11

<RussellDaytrade> soothsayer.

<NihabaAshi> I'm just trying to ride the volatility as I have been all day today and yesterday.

<RussellDaytrade> HP will say calming utterances 12:12

mkts skewed... been too easy on the short-side for several days, time for a move into the opposite direction 12:13

<NihabaAshi> Ooops...

Looks like my volatility is dying :(

<RussellDaytrade> thats my view of it 12:14

revuilding my long trade.

hope it drops again

<NihabaAshi> Exited ER2 Long @ 788.70 --> - 1 12:15

Reverse and Enter Short ER2 @ 788.70

2 contracts

<RussellDaytrade> looks like a 2-3 point drop in here 12:17

if doesn't happen, nice divergence 12:18

<NihabaAshi> Covered 1/2 ER2 Short @ 787.30 --> + 1.4 12:19

<pat255> nice .. 12:20

<NihabaAshi> Covered Remainder ER2 Short @ 788.40 --> + 0.3 12:31

Got shooked out :( 12:32

No more key economic info for the remainder of the trading day. 12:35

Thus, I'm calling it quits for now but may return later for the last hour of trading.

Simply, I expect volatility to drop further or go sideways at an equilibrum... 12:36

Not worth trading any range that may appear.

<pat255> k later niha 12:43

<RussellDaytrade> EM, you see any indications of a turn for the upside in the info you use to determnine such things? 12:57

<pat255> Rd think he is gone ..after the am trades 12:58

<RussellDaytrade> ok, thx, seems like he usually is still about, will repose the q if need be. always interested in his opinion and outlook. 12:59

<X> #FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, QQQQ, SPY) 13:05

<eminitrader> hi rd...yes trend is still up ...talking abt the ES ...shld have seen new highs by now ....but if it reverses @ and breks 1400...then expect retest of lows 13:09

so long now @ 1400 stop is a very good trade 13:10

looks pretty similar on the er brek of 786.50 wold reverse this uptrend 13:11

<RussellDaytrade> ok, thx. let me ask it this way, on a slightly bigger picture, ie, one-three days or so, do you 'feel' like it is/has turned, and the better opportunity is to the upside? i am asking that even in consideration of the above levels you cite, and despite even if they are broken and taken out? 13:13

<eminitrader> rd these levels r for today only...based on todays price action so far....

<RussellDaytrade> yes, my outlook calls for o/n holds, and even adds at lower levels if goes there. 13:14

<eminitrader> for tommorow will not comment until todays close...sorry

<RussellDaytrade> which is certainly possible... 13:15

thats ok, i appreciate your comments and interpretations, thx.

<eminitrader> urw

<RussellDaytrade> in allowance for the possibility of lower prices, i am tempering the overall size of trade, so i have ammo to add if need be. i am more bullish today, that said...for a bounce, longer term, still think its months to true bottom. 13:17

<eminitrader> but am expecting ES to test 1360-1370 like i said yesterday ...before seeing new hiighs ..if mrkt pushes higher ....will prolly reverse @ 1430 - 1440 area ...but when it 'll happen and wheteher we see this area girst or 160-70 area is something that sbeyond my comprehension as of now 13:18

<RussellDaytrade> i thik japan holds and bounces tonite, and mkts round the globe higher tomorrow, think the longs i am holding will be sold at / near / above 800. 13:19

<eminitrader> maybe so ...can never tell 13:20

<RussellDaytrade> thx, will watch those levels you cited, (and hope some elephant does not decide to enter the room and trample mt outlook. 13:22

any levels you see that may be indicate of a 'long-crossing' threshold, that may signify a decisive 'trend-change', (if that is not too strong a characterization)?... trend-change meaning for a day or so. 13:28

seems like the er is close to crossing up thru a downtrend line near here, to me. 13:29

<eminitrader> as far as i;m converned trend has already changed from bullish to bersih....targets for being bullish again is only after testing the 1360-70 area

talking abt ES only here 13:30

<RussellDaytrade> ok, thx.

<pat255> em u are loking for S in any setup now? 13:31

<eminitrader> short only if 1400 is broken with possible target of lod ...for today only 13:32

<pat255> ah ha ..k

<RussellDaytrade> 1480 was climactic, artificial, and unlikely to be again today, in my view. if happens, we are going to go to h in a hand-basket. 13:34

thats for today, bigger pic, think we are likely to see that price before we see a true bottom, just think we bounce first for a few days - to - a - week. 13:36

<eminitrader> again u may prolly be right RD..i'm just trying to interpret the charts 13:38

day to day :))

<RussellDaytrade> yes, me too. you have a great feel for the action and levels, carry on. gotta be flexible, and that applies to me the most. 13:40

<eminitrader> the way i look at it ..the mrkt is always testing the highs or lows ...maybe major minor daily,weekly....so if it fails at a high it prolly will test a low 13:41

<RussellDaytrade> those #$^&%$#'s in japan better step up to the plate tonite. :)

i will add on a break of 785 on a wide scale 13:43

<eminitrader> well keep in mind STOPS r there for a reason :))

<RussellDaytrade> i may need a tutor in that dep't. thx. 13:45

<eminitrader> lol

<RussellDaytrade> trying hard to back my theme, with a measure of discipline, via wide stops, in case i am incorrect or early , etc. my form of stops, i guess. 13:46

<eminitrader> well ...u can always re-ener ... 13:48

its only a commish away

<RussellDaytrade> wonder if they're gonna have a downside shake-out today? don't think so, at least not from these levels, maybe higher...i think i see a line of demarcation being broken just now, (on the er), to the upside. 13:50

today= this afernoon

Long ER2 @ 792.3 -> Add «« paper »» 13:51

thats the way its 'supposed' to be done, right? add to a winning trade. still prefer the bass-ackwasrds way of 'doing it'. :) guess that just my style. 13:53

new trick for an old dog. 13:54

was way late on that add, about a buck or so. 13:55

Exited ER2 Long @ q --> + q - 786.3 + q - 792.3 «« paper »»

Exited 1/4 ER2 Long @ 793.1 --> + 6.8 «« paper »» 13:56

nope, sold the last buy for .8

i want that low cost basis to print when i sell thwe low-priced ones. 13:57

gap open tom above 800, perhaps even in the afterhours late night session. 13:58

<pat255> em u were right S dangerous until below 1400

<eminitrader> trend is still up .... 13:59

<RussellDaytrade> possible 810 top end of bounce, is my eztimate, day or so, amybe a littel higher if it catches fire. based upon the type of action in the previuos couple months when mkt gets 'caught' flat-footed, could see 815-817. 14:03

and that may be a higher probabilty, the latter.

810 is a reasonable t, all said, i believe. 14:05

my own trade targets are for nearer the 800 area, close enough. 14:06

<eminitrader> key support now 1401.25 on the es ..brek of that today ...expect heavy selling

<pat255> hmm dont look like em.. 14:07

<eminitrader> 2 more hrs to go ...but trend still up

<RussellDaytrade> ap = 787.8 on 4 14:08

somebody wake me when 800

<pat255> bad today ...S got me good.. 14:12

<RussellDaytrade> watch the mkt make a rapid move up in a day or so, when the medai makes hay of the iran/iraq/syria/us mini pow-wow, this news is being suppressed, right now, and they will intensify it, and present it in the best possible light, and that will be commensurate with high prices. i will be looking for shorts tehn. 14:14

<NihabaAshi> I just got bakc and ER2 closed the GAP without me :( 14:15

<RussellDaytrade> i now think it breaks above 800 before the close

<X> #FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, QQQQ, SPY) 14:17

<eminitrader> man ..these r annoying...had a ton of these yest...wonder wh it happens anly to Auni 14:35

only to Asuni ?

<RussellDaytrade> ditto!

bad telecom provider?? 14:36

<eminitrader> no idea RD

<RussellDaytrade> i mentioned it to him last week, no reply.

thought if he was more active it might help. 14:37

<eminitrader> wonder if he can do anything abt it ...

<RussellDaytrade> hope so.

<eminitrader> [14:37] <RussellDaytrade> thought if he was more active it might help. :)))

<RussellDaytrade> i am liking the mkt action and price structure, along with the medai response(s) and posturing surrounding it all, for a long trade, still think it will resolve in higher priced outcome. 14:40

<eminitrader> well trend is still up ... 14:42

<RussellDaytrade> another day or more, more'den likely 2, i reckon.'

its nice to hear that. :)

Cramer sandbagging mkt now, trying to give the lie that more downside on this move. thats bs. 14:43

mkt should lift right here, even while he is blabbing. 14:44

i like the manner in which mkt is sneaking up on the shots, kinda like boiling frogs. 14:49

<NihabaAshi> Long ER2 @ 769.90 -> small size 14:52

1 contract only

Exited ER2 Long @ 796.70 --> + 26.8 14:54

Reverse and Enter Short ER2 @ 796.70

Oooopsss...

That's a -0.20 on the Long and I'm now Short @ 796.70 14:55

Either volatility just got weird or I'm having data vendor problems :( 14:56

<pat255> it is the vol niha ..

<NihabaAshi> I added 3 extra contracts on the Short and my P/L window just swung back n forth weird with the price change. 14:57

Covered 1/2 ER2 Short @ 795.90 --> + 0.8 14:58

<eminitrader> Shorts ES @ 1410 15:00

10nly

<pat255> looks 10 only em ..lol

<eminitrader> no no thats 1

<pat255> just kidding em ... 15:01

<NihabaAshi> Covered ER2 Short @ 794.90 --> + 1.8

Holding 1 contract

<eminitrader> Covered all ES Short @ 1410 --> 0 15:07

<RussellDaytrade> er moved up 3% from lows. 15:13

thats a nice days work, i suppose. 15:14

<NihabaAshi> Covered Remainder ER2 Short @ 790.70 --> + 6 15:25

<pat255> vn niha ...

<GoodMood> vn

<NihabaAshi> Thanks and that trade was a "TRADE ERROR".

<GoodMood> :)

<pat255> hmmm nice tarde error

<NihabaAshi> I'm up big for the day and decided to keep it to see what happens :)

<GoodMood> if you can make money with trade errors than you won't have problems ... 15:26

<X> #FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, QQQQ, SPY)

<pat255> dang missed that call...kick myself..

<eminitrader> lol ...pat u do that so frequently ...gotto concentrae more i guesss 15:27

<pat255> yes emini ..wife distraction ..:( 15:28

<eminitrader> now that i understand :))

<pat255> what a man to do .. 15:29

will try again tomorrow..

sigh 15:30

<RussellDaytrade> Long ER2 @ 792 -> Add «« paper »» 15:33

5 long

wife distraction, whats a guy to do question??? get a girlfriend! 15:34

<eminitrader> he he he 15:36

<pat255> man i tell u women want to talk their head off no matter what 15:37

<RussellDaytrade> Exited 1/4 ER2 Long @ 792.1 --> + 0.1 «« paper »» 15:45

that was a late entry , i was emailing the ex, (talking about wifey distractions) i will close it to lessen exposure, etc. still long 4 ap 787.8 15:47

i am expecting a gap open with follow-on buying, and may add to this trade in the evening session if i see evidence that that is occuring. 15:49

<werner> gn all 16:04

<X> #FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, QQQQ, SPY) 16:38

<NihabaAshi> Tomorrow should be very interesting between 0945am - 1115am est because that's the price reaction to a 10am Consumer Sentiment Report and Federal Reserve Chairman Ben Bernanke speech about globalization and monetary policy. 16:47

With that info, I know where to be aggressive in my trading.

Take care all and see all tomorrow. 16:48

* NihabaAshi is now known as NihabaAshi_away

* DisconnectedSession Close: Thu Mar 01 21:46:02 2007 21:46

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