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| Session Start: Thu Jul 05 09:29:14 2007Session Ident: #futurestrades |
* Now | talking in #futurestrades | 09:29 |
<X> | [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm |
<Brutus> | OIL FUTURES: Nymex Crude Extends Gains, Tops $72.00/Bbl |
<pat255> | may be fill the gaps .. | 09:34 |
<NihabaAshi> | Long ER2 @ 853.80 -> medium size | 09:39 |
<pat255> | vn niha dang missed the right entry | 09:40 |
<NihabaAshi> | Exited 2/3 ER2 Long @ 854.80 --> + 1 | 09:41 |
| It should have been better at a 853.60 but I hesitated. |
| Exited ER2 Long @ 856.00 --> + 2.2 | 09:46 |
| Holding 1 contract remainder |
<Brutus> | 1000/1400 Jun ISM Non-Mfg Index 57.5 59.7 | 09:49 |
| 1030/1430 Jun 29 US Energy Dept Crude Oil Stocks |
<eminitrader> | Shorts ES @ 1537.25 | 09:58 |
<NihabaAshi> | I needed help from Oil for ER2 to reach 858.00 and Oil decided not to help :( | 10:07 |
<eminitrader> | Covered 1/2 ES Short @ 1535.75 --> + 1.5 |
<NihabaAshi> | Gold decided to leave the party too :( |
<eminitrader> | exit stop moved to breakeven ES @ 1537.25 | 10:08 |
<jperl> | ER2 VWAP congestion just has not opened up this morning..... | 10:09 |
| so I'm just standing aside for now..... |
| http://charts.dacharts.com/2007-07-05/JP ERL_0138.png |
| There are pause points all over the place | 10:10 |
<eminitrader> | Covered Remainder ES Short @ 1537.25 --> 0 |
<NihabaAshi> | The 1030am est EIA Petroleum Status Report is next in about 9 minutes | 10:20 |
| I am hoping to be in this trade still when that report is released. |
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<pdays> | Shorts ER2 @ 855.6 | 10:23 |
<Awash> | good morning all |
| over slept |
| doesn't look like I missed much | 10:24 |
<pdays> | Covered all ER2 Short @ 855 --> + 0.6 |
<eminitrader> | Long ES @ 1535.25 |
<NihabaAshi> | Wow... | 10:29 |
| Oil plunging... |
| I'm ready to reverse ER2 if needed. | 10:30 |
<eminitrader> | Exited 1/2 ES Long @ 1536.75 --> + 1.5 | 10:31 |
<NihabaAshi> | ER2 wants UP badly but is still trying to find some support from such in the other key markets. | 10:34 |
| If Oil and Gold can stop dropping and act like they want to reverse back upwards... |
| I'll get my profit target of 858.00 | 10:35 |
<eminitrader> | Exited 1/3 ES Long @ 1537.75 --> + 2.5 |
<jperl> | Oil announcement didn't do squat in opening up the congestion in ER2 | 10:39 |
| still standing aside | 10:40 |
<NihabaAshi> | There still can be a "late or delayed" price reaction (not unusual) to an EIA Petroleum Report. | 10:41 |
<jperl> | ER2 PVP =856.20, VWAP = 855.60 | 10:42 |
<eminitrader> | Exited Remainder ES Long @ 1535.75 --> + 0.5 |
<jperl> | With VWAP below the PVP, expect a down move....but.... |
| there is so much congestion on the down side I don't want to touch it |
<pat255> | jper pvp ...? | 10:48 |
<NihabaAshi> | Exited ER2 Long @ 855.20 --> + 1.4 | 10:49 |
| Reverse and Enter Short ER2 @ 855.20 |
| Added a few contracts on the reversal. | 10:50 |
<jperl> | PVP = peak volume price.....price where volume for the day is maximum |
<eminitrader> | Long ES @ 1533.50 |
<NihabaAshi> | Caught the break below the low of a Hammer line. |
| Another Hammer line is forming :( | 10:51 |
<Awash> | Long ES @ 1533.50 | 10:52 |
<eminitrader> | Exited 1/2 ES Long @ 1534.50 --> + 1 | 10:53 |
| exit stop moved to breakeven ES @ 1533.50 | 10:54 |
<NihabaAshi> | Covered all ER2 Short @ 854.80 --> + 0.4 | 10:55 |
<eminitrader> | Exited Remainder ES Long @ 1533.50 --> 0 | 11:01 |
<NihabaAshi> | Shorts ER2 @ 854.00 -> medium size |
| Another penetration below a Dark Hammer Line. |
| Covered 2/3 ER2 Short @ 852.70 --> + 1.3 | 11:03 |
| Looks like the "late or delayed" price reaction to the Oil Report was around 1048am - 1050am est. | 11:04 |
| Covered Remainder ER2 Short @ 853.80 --> + 0.2 | 11:07 |
<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) | 11:09 |
<eminitrader> | Shorts ES @ 1535.50 | 11:22 |
| Covered 1/2 ES Short @ 1534 --> + 1.5 | 11:31 |
| Shorts ES @ 1535.50 -> Add | 11:41 |
| Covered 1/2 ES Short @ 1533.50 --> + 2 | 11:44 |
<Brutus> | 10Y yeild 5.13 | 11:45 |
<pat255> | k guys later back to office ty all |
<eminitrader> | Covered 1/3 ES Short @ 1532.50 --> + 3 | 11:57 |
<Brutus> | Long ES @ 1532.5 «« paper »» |
| exit stop set ES @ 1531.5 «« paper »» | 11:58 |
<eminitrader> | Covered Remainder ES Short @ 1534.50 --> + 1 | 12:03 |
<Brutus> | exit stop set ES @ 1532.5 «« paper »» | 12:04 |
| would scale out if I had multiple contracts :( | 12:05 |
| Exited ES Long @ 1532.5 --> 0 «« paper »» |
<NihabaAshi> | Long ER2 @ 853.10 -> small size | 12:07 |
| :( | 12:08 |
<Brutus> | Long ES @ 1531.75 «« paper »» | 12:12 |
| exit stop set ES @ 1531 «« paper »» | 12:13 |
<NihabaAshi> | Exited ER2 Long @ 853.30 --> + 0.2 | 12:16 |
| That was a tough 1 contract trade for me due to some family distractions. | 12:17 |
| Be back later. |
* NihabaAshi | is now known as NihabaAshi_away |
<Brutus> | exit stop set ES @ 1530.75 «« paper »» | 12:21 |
<Awash> | Long ES @ 1530.75 | 12:30 |
<Brutus> | Exited ES Long @ 1530.75 --> - 1 «« paper »» | 12:34 |
| Long ES @ 1529.25 «« paper »» | 12:35 |
| exit stop set ES @ 1527.75 «« paper »» | 12:43 |
<Awash> | trend is down | 12:52 |
<Brutus> | Then why are you long A? | 12:54 |
<Awash> | bullish bias, anticipating advance, but ignoring what the chart is saying, not trading as well on this one | 12:56 |
| S2 area held |
<Brutus> | k thx | 13:01 |
<eminitrader> | Shorts ES @ 1530.50 | 13:04 |
| looks like i was a bit early on this one | 13:06 |
<Awash> | you plan to exit and reenter at higher prices? |
<eminitrader> | no will hold and add on |
| nq at res area ...will hold this for some more time.. | 13:07 |
<Brutus> | Exited 1/2 ES Long @ 1531.25 --> + 2 «« paper »» | 13:11 |
| exit stop set ES @ 1529.25 «« paper »» |
<eminitrader> | Shorts ES @ 1532 -> Add |
<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) | 13:12 |
<Brutus> | target on 2nd is 1537.5 | 13:14 |
<Awash> | brutus, you watching any R levels prior to 2nd target? | 13:15 |
<Brutus> | Yes A play it as it goes, got a bigger play in mind & but dont want to lose my position | 13:18 |
<Awash> | k |
<Brutus> | Also If I get stopped out I will least have a very small profit so its fine by me | 13:19 |
<Awash> | k |
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WRB Analysis
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<eminitrader> | Shorts ES @ 1532 -> Add | 13:23 |
| holding 10 |
<Brutus> | Friday, July 6, 2007 | 13:27 |
| ET/GMT Expected Previous |
| 0830/1230 Jun Non-farm Payrolls +125K +157K |
| 0830/1230 Jun Unemployment Rate 4.5% 4.5% |
<Awash> | PA still stalling here in 1532 area | 13:29 |
<eminitrader> | prolly new lows :)) | 13:30 |
<Awash> | i have a down TL-break |
<eminitrader> | 1532-1535 res area..will prolly test lows before breaking this area ...but dont see it happening till 1526 area is tested | 13:31 |
<Awash> | watching 1533.50 area | 13:32 |
<Brutus> | NQ looks strong E |
<eminitrader> | still in res area ..while es and ym have justbreached theirs | 13:33 |
<Brutus> | k |
<eminitrader> | critical price area...and u cld be right B ..if nq breks res..then ES may follow...lest wait and see how it unfolds | 13:34 |
| Shorts ES @ 1533 -> Add | 13:35 |
<Awash> | Exited 1/2 ES Long @ 1533 --> + 2.25 |
| Exit all (initial Long from 1533.50) - 0.50 | 13:36 |
<eminitrader> | holding 15 avg 1531.87.50 |
<Awash> | Exit half from add (1530.75) + 2.25 | 13:37 |
<eminitrader> | nice trade A |
<Awash> | not on the first Long from 1533.50 |
<eminitrader> | nice exit ..think this upmove is prolly done | 13:38 |
<Awash> | didn't exit at 1535 like i should have around 10:23 CST & again at 10:42 CST |
<eminitrader> | never know A cld still test that area..but low probability |
* NihabaAshi_away | is now known as NihabaAshi | 13:51 |
<Awash> | exit stop raised ES @ 1531 | 13:56 |
| be back in a bit | 13:57 |
* Awash | is now known as Awash_lunch |
<eminitrader> | Covered 1/3 ES Short @ 1531.25 --> + 1.75 | 13:58 |
| Covered all ES Short @ 1534.75 --> - 4.25 | 14:18 |
<NihabaAshi> | Long ER2 @ 853.70 -> small size | 15:00 |
<jperl> | didn't see much point in trading today....too much congestion.... | 15:07 |
| trades here.... |
| http://charts.dacharts.com/2007-07-05/JP ERL_0140.jpg |
<NihabaAshi> | Exited all ER2 Long @ 854.00 --> + 0.3 | 15:08 |
<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) | 15:18 |
<Brutus> | Exited all ES Long @ 1534.5 --> + 5.25 «« paper »» |
* ItalianSharp | is now known as ItalianSharp_dinner | 15:32 |
* sep34 | is now known as sep34_away | 15:35 |
<werner> | gn all | 15:39 |
<NihabaAshi> | Another relaxing easy going trading day and I hope tomorrow is the same. | 17:24 |
| Take care and see all tomorrow. |
* DisconnectedSession | Close: Thu Jul 05 17:24:55 2007 |
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