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| Session Start: Thu May 10 09:18:50 2007Session Ident: #futurestrades |
* Now | talking in #futurestrades | 09:18 |
<X> | [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm |
<pat255> | gm all | 09:21 |
| guess buy the dips ... | 09:22 |
<werner> | gm all | 09:26 |
<jperl> | my trading chart for today.... |
| with VWAP pivot points drawn in..... | 09:27 |
| http://charts.dacharts.com/2007-05-10/JP ERL_011.png |
| congestion area in the 834.47 to 835.68 area |
<NihabaAshi> | Good morning all. | 09:28 |
<pat255> | gm |
<NihabaAshi> | Shorts ER2 @ 829.60 -> small size | 09:32 |
<eminitrader> | Long ES @ 1511 | 09:35 |
<jperl> | ER2 bounced off of 829.70 area |
<NihabaAshi> | I have a Bearish Bias all trading day today. | 09:38 |
| However, the GAP down at the Open is problematic for my bias. |
| Thus, I will keep my Shorts on the very low side of a small size position (1-2 contracts only). | 09:39 |
| Same with my Long positions. |
| Another way of looking at it... |
| Had the market not GAP down...I would be Shorting via a large size position. | 09:40 |
| Position Size Management |
| Also, so far, the volatility sucks :) |
<eminitrader> | Exited all ES Long @ 1510 --> - 1 |
<szubaark> | so far May Price Action is throwing me off.. getting lots of losing days in a row. | 09:42 |
<NihabaAshi> | Covered 2/3 ER2 Short @ 828.30 --> + 1.3 |
<jperl> | ER2 bounce off the monthly VWAP 828.03 | 09:43 |
<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) | 09:45 |
<pat255> | S 28.5 paper | 09:47 |
<jperl> | peak volume holding up at 830.40 |
| VWAP 829.46 | 09:49 |
| ER2 back to VWAP | 09:51 |
<NihabaAshi> | Covered Remainder ER2 Short @ 829.50 --> + 0.1 |
| My trailing stop got "pick pocketed" :( | 09:52 |
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<jperl> | ER2 peak volume now down at 829.10 | 09:57 |
<NihabaAshi> | It's been awhile since I've seen volatilty contract like this in the first 30mins of trading. | 09:58 |
<jperl> | VWAP 829.47 |
<eminitrader> | Long ES @ 1511 |
<NihabaAshi> | It's either going to setup an strong parabolic price movement or stay like this for the remainder of the trading day. | 09:59 |
| The odds are in favor of a strong parabolic price movement :) |
<les> | Long ER2 @ 829.7 | 10:00 |
<pat255> | chop & picking pockets on both sides .. | 10:02 |
| at the moment .. |
<RussellDaytrade> | I have up targets workings...nearby t is 831.8, possibly higher, bigger swing in the 836 area | 10:03 |
<NihabaAshi> | I'm now lowering my position size to 1 contract only for the remainder of the trading day unless some volatility shows up. | 10:06 |
<jperl> | not much further action for me this morning.... |
| here are my two trades.... |
| http://charts.dacharts.com/2007-05-10/JP ERL_012.png |
<ItalianSharp> | not much happening right now...i guess mkts are still digesting the FOMC, ECB and BOE interest rates statements and comments...lots of stuff happening within a less than 24-hr window | 10:12 |
<les> | Exited 1/2 ER2 Long @ 831.2 --> + 1.5 | 10:18 |
<pat255> | vn.. | 10:19 |
<les> | thx |
<pat255> | seems to be turning around .. |
<ItalianSharp> | nice patience there lex...well done | 10:22 |
<les> | thx IS |
| its sluggish but generally pointing up so far |
| we'll see how far |
<eminitrader> | Exited 1/2 ES Long @ 1513 --> + 2 |
<pat255> | vn em ..L sid eworking | 10:23 |
<eminitrader> | thx pat |
<ItalianSharp> | european indices are flying as opposed to US indices |
<les> | uk expects rate hike today |
| predicted, so already priced in i guess | 10:24 |
| interesting | 10:39 |
| i thought it would test a lot lower before breaking out here |
<Brutus> | 1100/1500 Chicago Fed Pres Moskow gives | 10:40 |
| introduction and welcome at the Chicago |
| Fed's conference, |
| 1115/1515 Fed Gov Krozner speaks on "The Future |
| of Payments |
<eminitrader> | Exited Remainder ES Long @ 1503 --> - 8 | 10:42 |
| Exited Remainder ES Long @ 1513 --> + 2 | 10:43 |
<les> | thats better em :) |
<eminitrader> | :) |
<Brutus> | Shorts ES @ 1513.5 «« paper »» | 10:44 |
| had a fill at 1513.25 as well | 10:47 |
<les> | exit stop raised ER2 @ 829.8 | 10:57 |
<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) |
<RussellDaytrade> | rebuilding a small long | 11:04 |
<les> | Trailing Stop Hit ER2 @ 829.8 --> + 0.1 | 11:05 |
<jperl> | ER2 VWAP 830.11 | 11:10 |
<Brutus> | Covered 1/2 ES Short @ 1509.5 --> + 4 «« paper »» | 11:14 |
<NihabaAshi> | Shorts ER2 @ 828.70 -> small size |
| 1 contract only |
| Not looking for much on the trade. | 11:15 |
<jperl> | 1 month VWAP 828.03 |
<eminitrader> | nice B |
<les> | Shorts ER2 @ 827.1 | 11:17 |
<NihabaAshi> | Covered ER2 Short @ 826.90 --> + 1.8 |
<les> | late, sorry | 11:18 |
<NihabaAshi> | Got much more than I expected. |
<pat255> | vn niha i hesitated ...:( |
<les> | Covered 1/2 ER2 Short @ 826.6 --> + 0.5 |
<Brutus> | thx e, but I did have a larger target and did not want to cover so soon :( | 11:23 |
| Covered all ES Short @ 1507 --> + 6.5 «« paper »» | 11:24 |
<les> | its turning into downcreep crap | 11:25 |
<NihabaAshi> | Too much downside pressure at the moment especially with the price action of Oil and Gold keeping the pressure to the downside for the Eminis. | 11:26 |
| Intermarket Analysis |
| Simply, if Oil and Gold can show a little stability...could be worth a few ticks to the upside in the Eminis. | 11:27 |
<pat255> | ty niha ...seems u pay close attention to oil gold & bonds | 11:28 |
<NihabaAshi> | Yep...on some trading days they are the real leaders. |
| Doesn't happen often but enough in that I need to pay attention to what they are doing. | 11:29 |
<pat255> | k...thks |
<les> | Covered Remainder ER2 Short @ 826.2 --> + 0.9 |
<NihabaAshi> | Long ER2 @ 825.60 -> small size | 11:31 |
| I see some stability...not sure how long it will last. |
| Exited ER2 Long @ 826.30 --> + 0.7 | 11:32 |
<Brutus> | Shorts ES @ 1507.5 «« paper »» | 11:33 |
<les> | Long ER2 @ 824.90 |
| wrong entry | 11:34 |
| should be.. | 11:35 |
| Long ER2 @ 827.1 |
| Exited 1/2 ER2 Long @ 827.6 --> + 0.5 |
<kei> | short es @1507 | 11:37 |
<Brutus> | Covered ES Short @ 1508 --> - 0.5 «« paper »» | 11:38 |
<eminitrader> | nice read niha [09:39:03] <NihabaAshi> I have a Bearish Bias all trading day today. | 11:40 |
<werner> | lol |
<Brutus> | China Flags Asset Bubble Risk, Action Likely | 11:49 |
| http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={c2417 cc9-ac6c-4988-a265-b477cc622dcc} |
<les> | Exited Remainder ER2 Long @ 828.4 --> + 1.3 |
<RussellDaytrade> | next China swoon likely to be deeper then the last one a couple months back |
<eminitrader> | Long ES @ 1506.25 | 11:50 |
<RussellDaytrade> | I have up targts on |
<Brutus> | Yes that and Bank of England tightening - make bearish headlines |
<RussellDaytrade> | bigger picture, mkt is overbought..seasonals, etc |
| short rallies |
| pft on the day in the l/s acct, and it wasn't pretty...no rtades in the s/o acct |
| flat, looking to go long again | 11:51 |
| heck, that China swoon may begin this evening | 11:52 |
<eminitrader> | Exited all ES Long @ 1505.75 --> - 0.5 |
| looks like its already begun here :) | 11:54 |
<pat255> | k guys cu all later ty.. |
<Brutus> | Long ES @ 1504.75 «« paper »» |
<eminitrader> | later |
<kei> | exit es @ 1504.50 | 11:55 |
<RussellDaytrade> | this mkt action is foretelling of trouble elsewhere...China | 11:59 |
<Brutus> | Exited ES Long @ 1502.75 --> - 2 «« paper »» | 12:00 |
| that was smart :(( |
| Was only small size on counter trend |
<les> | Shorts ER2 @ 824.7 |
| Covered 1/2 ER2 Short @ 824.2 --> + 0.5 |
| sorry its late... | 12:01 |
<eminitrader> | 1505.75 was major supp ...once that broke ...its tough for ct |
<les> | just moving so quick now |
<NihabaAshi> | A lot of downside pressure the past 10mins of trading because many key markets are in tune with each other while going down. |
<Brutus> | But I have lost my short position which I was hoping to reenter on the pullback |
<les> | exit stop lowered ER2 @ 824.3 | 12:02 |
<eminitrader> | teue B ...somedays ..it happens ..but u did get a big one |
<les> | Covered Remainder ER2 Short @ 822.3 --> + 2.4 | 12:04 |
| would be nice to get another leg here | 12:05 |
| but these pullbacks are quite vicious today |
<eminitrader> | true niha ...all indices are so synchronized ...looks like a powerful move | 12:06 |
<NihabaAshi> | Did we just loose 1/2 the room in here? | 12:19 |
| Looks like its a Othernet server problem. |
<Brutus> | Yes that was a lot of volume on that move | 12:23 |
<RussellDaytrade> | I have 825.4, and possibly 827.1, on this small swing, within the next 25 minutes or so |
<les> | trying to b/out now | 12:24 |
<RussellDaytrade> | long 1 runner | 12:25 |
| moidel target just fulfilled, 827 is adjusted model target | 12:26 |
| I expect China to crack tonight, pulling US mkt down further tomorrow | 12:31 |
| er holding relative to es | 12:32 |
| I view er as the leadeer | 12:33 |
* WBAT | is now known as WannaBeBOS | 12:34 |
* les | is now known as lesAway | 12:41 |
<RussellDaytrade> | flat now | 12:48 |
| positive divergences building | 13:07 |
<Brutus> | Shorts ES @ 1502 «« paper »» | 13:11 |
| Just a paper trade as I did not get filled at 1504.75 :( | 13:12 |
| No point sitting here twiddling your thumbs | 13:13 |
<RussellDaytrade> | getting long again |
<Brutus> | post trades RD | 13:14 |
<RussellDaytrade> | long 1 at 822.6, reducing size as day progresses | 13:15 |
| wider scales...may even take the loss if breaks lows | 13:16 |
| see link above for trades summary B |
| alomost too many to post | 13:17 |
<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) | 13:18 |
<Brutus> | Covered ES Short @ 1502 --> 0 «« paper »» | 13:19 |
<RussellDaytrade> | all trade logic, and analysis posted, complete with targets, prior to targets being achieved, and when prices were near entries, how much more do you want? :) |
<NihabaAshi> | Long ER2 @ 824.00 -> small size |
| :( | 13:20 |
<szubaark> | Buys NQ @ 1888.75 «« paper »» |
<NihabaAshi> | My entry sucked...should have been about 5 ticks lower. | 13:21 |
<szubaark> | what timeframe? |
<NihabaAshi> | In other words I would have entered at 823.50 and dumping about now at 824.00 | 13:22 |
| szu...2min chart |
| Simply, I entered at my profit target :( |
<szubaark> | exit stop set NQ @ 1885.50 «« paper »» | 13:24 |
<NihabaAshi> | Exited ER2 Long @ 824.30 --> + 0.3 | 13:26 |
| Lucky escape :( |
<Brutus> | Shorts ES @ 1502 «« paper »» | 13:27 |
<NihabaAshi> | I didn't plan on having a stressful trade on that. |
| Should have been an easy 5 tick had I done it right. |
<RussellDaytrade> | I have 826 model, 827.80 adjusted model..shall we say by 1220 mnt? |
| if breaks lows con gusto, new targets will develop | 13:28 |
| flatted it | 13:32 |
| trend-follower dream day | 13:34 |
<NihabaAshi> | Forex EurUsd and CME EuroFX getting hammered today as well. | 13:37 |
| On the flip side...U.S. Dollar doing very well today :) |
| That's important for me considering I live in Canada and my U.S. dollar carries more weight here. | 13:38 |
<szubaark> | Exited all Long NQ at 1885.50 --> - 3.25 «« paper »» | 13:42 |
| Tagged my Stop then my way :(( |
<NihabaAshi> | Reminder: It's Mother's Day on Sunday. | 13:43 |
<werner> | lol |
<NihabaAshi> | I forgot once about 12 years ago and I still get an earful about it. | 13:44 |
<Brutus> | Better be something expensive considering yesterdays winnings :)) |
<ItalianSharp> | thanks for reminding us Niha...i had totally forgot...lol | 13:45 |
<NihabaAshi> | I feel cheap...I payed for a $90 "Carnations, Roses and Tulips Arrangement". |
<Brutus> | dang thats no cheap, no point buying flowers they only turn to compost | 13:46 |
<NihabaAshi> | That's what my spouse saids... | 13:47 |
<ItalianSharp> | i agree with brutus...flowers are the biggest waste of money ever |
| fake flowers are better...at least they never die...lol |
<RussellDaytrade> | better to send no flowers then fake flowers, seems to me. :) | 13:48 |
| that would truly be a heart-breaker | 13:49 |
<Brutus> | looks like an afternoon reversal in the making |
<RussellDaytrade> | last posted targets still on, good probability they will exceed |
| got back in at 822.2 | 13:50 |
<NihabaAshi> | Brutus, its setup nicely for such right now. |
| In fact, I think since 1:36pm est its the best chance all day for a possible good push to the upside in comparison to the one between 0945am - 1045am est. | 13:52 |
<RussellDaytrade> | out 825.3 |
<Brutus> | Covered ES Short @ 1502 --> 0 «« paper »» | 13:53 |
<RussellDaytrade> | 826...target fulfilled | 13:57 |
| that 827.8 fulfilled to 827.6...hope that close enuf for you'all, works for me. | 14:08 |
| long again | 14:14 |
<eminitrader> | Shorts ES @ 1503 | 14:20 |
<szubaark> | emini where is your Stop? | 14:26 |
<eminitrader> | 1505.59 with add on upto 1475 | 14:27 |
| add on 1504.75 |
| no fill 1504.50 :( | 14:29 |
* lesAway | is now known as les |
<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) | 14:30 |
<szubaark> | that double bottom on NQ could scare Shorts | 14:32 |
| i went Long looking for Higher Low,they whacked my Stop there :(( | 14:33 |
<eminitrader> | Shorts ES @ 1504 -> Add |
<les> | Shorts ER2 @ 826.2 | 14:36 |
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<eminitrader> | Covered 1/2 ES Short @ 1502.50 --> + 1.5 | 14:40 |
| thats 1 from avg 03.50 | 14:41 |
<jperl> | enough for me today..... | 14:43 |
| here's the P/L... |
| http://charts.dacharts.com/2007-05-10/JP ERL_013.png |
<les> | Covered all ER2 Short @ 825.9 --> + 0.3 | 14:46 |
<RussellDaytrade> | 500 less comm, great day JP | 14:51 |
<eminitrader> | Covered 1/3 ES Short @ 1501.50 --> + 1.5 | 14:59 |
| Covered Remainder ES Short @ 1499.50 --> + 3.5 | 15:08 |
<RussellDaytrade> | may be a little late-day short-covering, looks minor today, if happens | 15:37 |
| couple bucks max | 15:38 |
<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) | 15:42 |
<NihabaAshi> | Shorts ER2 @ 822.30 -> small size | 15:44 |
| Covered ER2 Short @ 821.90 --> + 0.4 | 15:49 |
| Shorts ER2 @ 821.70 -> small size | 15:50 |
| Covered ER2 Short @ 820.90 --> + 0.8 | 15:53 |
| Shorts ER2 @ 820.70 -> small size | 15:54 |
| Covered ER2 Short @ 820.60 --> + 0.1 | 15:56 |
| I thought it had enough press to test the 820.00 price area but it just stalled around 820.50 | 15:57 |
| I started suspecting there was a support zone somewhere near that 820.50 that I couldn't see. |
| The market made a statement today about its "real reaction" to yesterday's FOMC Announcement. | 16:01 |
| However, I would have like to have seen the Treasury Futures completely retraced yesterday's price drop. | 16:03 |
| It came close. |
<asuni> | [15:58:20] <NihabaAshi> I started suspecting there was a support zone somewhere near that 820.50 that I couldn't see. | 16:06 |
| sr zone was 82100/82080 |
<NihabaAshi> | Thanks asuni. |
<asuni> | may 2nd | 16:07 |
<NihabaAshi> | Looks like I escaped just in time in my last trade :) |
<asuni> | u just had to ask me :-) |
<NihabaAshi> | :) | 16:08 |
<asuni> | yes, very great exit |
| and another wonderful exit in ur previous long trade at 82450 if i'm not wrong |
<NihabaAshi> | Yep |
<asuni> | when u free, can u look at str room niha? |
<NihabaAshi> | Looking now. | 16:09 |
<asuni> | thks |
<NihabaAshi> | Take care all. | 16:27 |
<ItalianSharp> | by niha...good nite all... | 16:28 |
<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) | 16:54 |
* DisconnectedSession | Close: Thu May 10 17:00:57 2007 | 17:00 |
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