Session Start: Thu Jul 07 08:18:05 2005Session Ident: #FuturesTrades
* Now talking in #FuturesTrades08:18
<X> [NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab
<danshirley> ..08:33

Euro is actually up this morning08:34
<pat255> gm all08:44
gl wjat happened here?
<danshirley> bombs in London city shut down08:49

At least 6 explosions were reported in London's subway system, and a double-decker bus exploded in Tavistock Square, according to media reports. The army has been mobilized and soldiers are now on the streets of London08:53
<NihabaAshi> They need to be very careful because of possible secondary coordinated terrorist attack while many are in panick.08:55
Markets trying hard to get back 1/2 of its losses.08:56
<danshirley> I wouldn't be taking a NY subway this morning08:57

Traders may stay home
<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.09:01
<danshirley> NYC TRANSIT TELLS PASSENGERS TO BE EXTRA VIGILANT
<pat255> gl i cant believe this ...oh man09:02
<NihabaAshi> I expect a lot of Longs to come play any rallies...markets historically with high probability rebounds after news like this.09:04

Getting back to the level it was prior to the sell-off.09:05

That's a hint about where I'm putting my contract size today...heavy on th Long positions and small on the Shorts positions.09:06
<FFT> Holy crap, what happened last night?09:09
<danshirley>  At least 6 explosions were reported in London's subway system, and a double-decker bus exploded in Tavistock Square, according to media reports. The army has been mobilized and soldiers are now on the streets of London09:10

(for late commers)
<FFT> Woah
Thanks DS
<szubaark> early morning market was down like -180
<FFT> Yeah, we almost tagged 1170, wow
Good thing I slpet in - I'm gonna need it :)09:11
Wow. That's terrible.09:16
<danshirley> AT LEAST 45 DEAD IN LONDON BUS, SUBWAY ATTACKS09:19
<PapaJon> jeeze... why cant we all get along...09:21
<FFT> Seven comfirmed explosions so far09:22
<szubaark> well we got volatility now. This will ruin big boys vacation, they all glued to the screen now.09:23
<PapaJon> Anybody know what caused the o/n drop?09:24
<WannaBeATrader> are you kidding PJ?
<PapaJon> what time did the explosions occur09:25
<WannaBeATrader> 4:30 am Eastern09:26
<PapaJon> oh... sorry.. egg on my face...09:27
<danshirley> 1,000 INJURED IN LONDON ATTACKS09:29
<FFT> 40 dead, at le4ast
<danshirley> hospitals really hurting09:30
<PapaJon> It looks like the markets started moving down before it occured???09:31
<FFT> TRIN opening at 3.6, wow.
<PapaJon> well.. at least before the news came out with it in london09:32
<FFT>  Long ES @ 1188
<szubaark> Papa, someone knew something?
<PapaJon> kinda looks that way09:33
<NihabaAshi>  Long ES @ 1188.00 -> large size 09:34

Forgot to wait the first 15mins on a day like today...will bear through it.09:35
<les> mkts didnt move down before london incidents
earliest move on es was 9:55am GMT09:36
<NihabaAshi> EIA Petroleum Report at 1030am est today
<les> the incidents occurred nearly 45mins before
<NihabaAshi> Dow stocks still opening and opening down.09:37

All should be open by 0945am est

 Long ES @ 1186.75 -> Add 09:38
<FFT>  Long ES @ 1187.25 -> Add 09:39
Exited 1/2 ES Long @ 1190.5 --> + 3.25 09:41
Exited 1/2 ES Long @ 1189.5 --> + 1.5 09:42
<NihabaAshi>  Exited 1/3 ES Long @ 1190.50 --> + 3.75
<FFT> That's the right one :)
<NihabaAshi> That wipes out yesterday's losses :)
<FFT> SMH closed the gap
<NihabaAshi>  Exited 1/3 ES Long @ 1190.00 --> + 2 09:44

Be careful...don't play these Longs unless you have access to live 24hr world news that's following the London news closely...09:45

Just in case there's a secondary terrorist attack...don't want to be caught on the Long side.

Reminder: EIA Petroleum Report out at 1030am est

Target on my remainders is the Open of the first dark WRB (5min chart) after the terrorist attack 1195.7509:47
<FFT>  Exited Remainder ES Long @ 1191 --> + 3 09:48
Well, that makes for a nice morning :)
<NihabaAshi> If ES reaches that...I'll consider it to have retraced most of its losses due to the terrorist attack.

[09:04] <NihabaAshi> I expect a lot of Longs to come play any rallies...markets historically with high probability rebounds after news like this.09:49

 exit stop raised ES @ 1188.25 09:50
<FFT> ES only 3 points above the index09:51
<les> even rumours could do it niha09:52
<szubaark>  Long YM @ 10248
hope im not late
<FFT> SMH breaking down, ER2 not busting up to new highs
<szubaark>  Exited all YM Long @ 10235 --> - 13 09:53
<FFT> :(
<NihabaAshi> You guys that live in England (like Les)...how far are you away from London ???
<les> 200 miles
<mispe> West London
<les> but our police force locally is on high alert
<FFT> Half the planet is on alert :(09:54
<les> true
<szubaark>  Long YM @ 10244
<les> i mean they searching and patrolling the place like craZY
<mispe> they kill the Egyptian ambassador in Irak09:55
<NihabaAshi> Les or mispe...any internet speed problems or disruptions ???
<les> NOT HERE
<mispe> No
<FFT> Let's see if 90 can hold on ES
<NihabaAshi> Be safe...not a good day to go out and "investigate" things.
<szubaark>  Exited all YM Long @ 10232 --> - 12
:((
they not going up for me
<les> niha...09:56

i'm off to the station here in Hull in a few hours
<FFT> 90 Didn't offer much support. that's not a good sign
<les> i've been asked to offer counselling to rail employees returning from London stations
<FFT> That'd be rough.09:57
<les>  Shorts ER2 @ 644.5 «« paper »»
<NihabaAshi> FFT...I'm hoping buyers and more volatility (big boys) showing up to move this back up...
If not...I'm dumping my remainders soon.
<FFT> 89 appeard to be the support line, we'll see.
<szubaark>  Shorts YM @ 10220
<FFT> I don't like how it sliced thru 90 tho
<les>  Covered 1/3 Short ER2 at 644 --> + 0.5 «« paper »» 09:58
<FFT> And ER2 just ain't happy
<szubaark> so mucj for my Longs
<FFT>  Long ES @ 1189 «« paper »» 09:59
<les>  Covered 1/3 Short ER2 at 643.5 --> + 1 «« paper »»
<NihabaAshi>  Exited Remainder ES Long @ 1188.75 --> + 0.75
<FFT>  Exited all ES Long @ 1189.5 --> + 0.5 «« paper »» 10:00
<szubaark>  Covered 1/2 YM Short @ 10208 --> + 12
<FFT> I definately expected more strength. Maybe some more bad news came out
Anybody check the calendar?
<les> i'm listening to radio news here...

no newsflashes
<NihabaAshi> Wanna have a clean slate and prepare for any trade signals that may appear at/near 1030am est EIA Petroleum Report.
<danshirley> only thing on calendar is Oil inv at 10:3010:01
<les>  Covered remainder Short ER2 at 643.6 --> + 0.9 «« paper »»
<FFT> Thanks guys
<les> news...
10 dead
9 serious injury
one of the explosions was on a bus...10:02
the others on a train
trains
<danshirley> les we've been told 45 dead here...1000 injured
<FFT> I'vve seen 40 dead reported, anyway
<les> there is speculation that the bus incident may have been a suicide bomber

no..

9 officially10:03

so far

if it turns out to be suicide bomber, there may be mkt reaction, cos this has not happened here on in europe before

or in
<FFT> Yeah Nihaba, I was thinking 95.75 as a decent target - hte low from a few days ago. Just didn't have the strength.10:04
<danshirley>  (MarketWatch) - Four explosions, which U.K. Prime Minister Tony Blair called a series of terror attacks, rocked central London in the morning rush hour, killing at least 45 people and injuring hundreds.
<les> i think we really cant be sure yet about deaths and injury10:05
this will change all day long
last injury figure i heard was 180
assumed most likely an Al Qaeda attack10:06
FTSE down 88.1, from 117 pt decline10:07
<FFT>  Long ES @ 1190.5 «« paper »»
<NihabaAshi>  Long ES @ 1190.75 -> small size
exit stop moved to breakeven ES @ 1190.75 10:09
<FFT>  Exited all ES Long @ 1191.25 --> + 0.75 «« paper »»

Whoops, not paper
<NihabaAshi> :(
Trailing Stop Hit ES @ 1190.75 --> 0
My slow re-entry lost my "wiggle room".10:10
<FFT> I'm trying to catch a new HOD on ES10:11
<NihabaAshi> Wow...Hotels in London cashing in on this chaos...10:12
<les> i'll bet
<NihabaAshi> Normally 300-400 bucks...they are now charging over 4 grand.
<les> 180pt drop on FTSE right after news

probably cashing in on journalists coming in10:13
<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.
<NihabaAshi> Yep because I can't imagine anybody else not in the media that is willing to pay that amount.
<FFT>  Long ES @ 1191.25 «« paper »» 10:14
<les> i'm listening to radio...police about to make a statement, so maybe we get some accurate reports now10:15
<danshirley> les you listening to BBC?10:16
<les> yes

some mainline train stations are re-opening now10:17

all bus, tube and most main stations are shut in london10:18
<FFT>  Exited all ES Long @ 1191 --> - 0.25 «« paper »»
Long ES @ 1191
<danshirley> oil inventory in 1010:20
<FFT>  Exited all ES Long @ 1191.25 --> + 0.25 10:21
<NihabaAshi> Market waiting for the 1030am report10:22

 Long ES @ 1191.00 -> small size 10:24
<les> police r reporting
first explosion was 8:51 GMT, 7 dead in that
26 further train fatalities10:26
more expected from the bus incident, but numbers not known yet
<NihabaAshi> So bus and trains were attacked...geesh.
<les> one bus
<danshirley> I saw a pic of the bus on TV ....blown apart10:27
<les> migtnhave been suicide bomber, or maybe a bomb went off while being transported to the tube
<danshirley> LONDON POLICE: 7 CONFIRMED FATALITIES FROM 1ST ATTACK

LONDON POLICE: 5 CONFIRMED FATALITIES FROM 3RD ATTACK
<FFT> ER breaking down
<danshirley> LONDON POLICE: 21 CONFIRMED FATALITIES FROM 2ND BLAST10:28
<les> yep - listening to that announcement now
the cops are still talking...
mainly about people getting home from work, cos no tube or buses running
<NihabaAshi> I don't like what NQ is doing...bearish price action.10:29
<FFT> Now they are describing the injuries :P
<les> yes,

more deaths are likely

frome seriously injured people
<FFT> It appears the market is looking downards
I just lost the audio feed10:30
<NihabaAshi>  Exited ES Long @ 1190.00 --> - 1

Reverse and Enter Short ES @ 1190.00
<danshirley> oil up
<szubaark>  Shorts YM @ 10220 10:31
<FFT>  Long ES @ 1190.25 10:32
Paper
<danshirley>  U.S. CRUDE STKS DOWN 3.6 MLN BRLS LAST WK: ENERGY DEPT

U.S. GASOLINE STKS DOWN 900,000 BRLS: ENERGY DEPT

 U.S. DISTILLATE STKS UP 4 MLN BRLS: ENERGY DEPT10:33
<FFT> This action feels weird to me, so I can't trade it for real.
exit stop set ES @ 1189 «« paper »»
exit stop lowered ES @ 1187.5 «« paper »» 10:34
<NihabaAshi> I will not ADD to this short because I'm still bullish that ES can reach the 1195 price area.

 exit stop moved to breakeven ES @ 1190.00 10:35
<FFT>  Exited all ES Long @ 1189 --> - 1.25 «« paper »» 10:37
<szubaark>  Covered 1/2 YM Short @ 10211 --> + 9 10:38
<FFT> Too much disharmony for me to see clearly :(
<szubaark>  exit stop moved to breakeven YM @ 10220
<danshirley> Internals look bearish to me10:39
<NihabaAshi>  exit stop lowered ES @ 1189.75 10:41

 Covered all ES Short @ 1189.50 --> + 0.5 10:43
<mispe>  Long YM @ 10217 10:45
sorry a bit late
Exited all YM Long @ 10222 --> + 5
<FFT> Statistics are moving away from my new HOD :(10:47
<szubaark>  Shorts YM @ 10211 10:48
<FFT>  Long ES @ 1188.5 «« paper »» 10:51

Real trade
<szubaark>  Covered 1/2 YM Short @ 10197 --> + 14
exit stop moved to breakeven YM @ 10211 10:52
Covered all YM Short @ 10211 --> 0 10:53
:((
<les>  Shorts ER2 @ 642.3 «« paper »» 10:56
<NihabaAshi>  Shorts ER2 @ 642.10 -> small size 10:57
Trying something new here.
:(11:00
<les>  Covered 1/3 Short ER2 at 641.9 --> + 0.4 «« paper »»
<NihabaAshi>  exit stop moved to breakeven ER2 @ 642.10 11:01
Lost my data feed in my other data vendor :(
<les>  Covered 1/3 Short ER2 at 641.1 --> + 1.2 «« paper »»

exit stop lowered ER2 @ 641.9 «« paper »»
<NihabaAshi> Using broker quotes only...11:02
<FFT>  Exited all ES Long @ 1188 --> - 0.5

Now we can make a new LOD
<les>  exit stop lowered ER2 @ 641.6 «« paper »» 11:04
stop hit ER2 @ 641.6 --> + 0.7 «« paper »»
<NihabaAshi> Lost wireless connections on other computers...
* NihabaAshi is now known as NihabaAshi_away
* NihabaAshi_away is now known as NihabaAshi11:07
<NihabaAshi> May get lucky and get a second chance after a stack of paper fall over and hit my wireless hub :(11:09
<les> ouch!
<NihabaAshi>  Trailing Stop Hit ER2 @ 642.10 --> 0 11:10
:(11:11
Long ER2 @ 642.90 -> large size 11:12
Exited 1/3 ER2 Long @ 643.50 --> + 0.6 11:13
Feel a little better know after losing my profit from the prior trade.
My last trade of the day regardless to what happens to my remainders.11:14
Trailing Stop Hit ER2 @ 643.50 --> + 0.6 11:16
Incorrect...forgot to input my stop.11:17
Remainders stopped out at 642.90
<danshirley> Nick dan_away11:21
<szubaark>  Long YM @ 10228 11:22
<les>  Shorts ER2 @ 642.6 «« paper »»
* danshirley is now known as dan_away11:23
<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.11:25
<szubaark> PUUSSHHHH11:26
* Retrieving #FuturesTrades modes...11:27
<szubaark>  Exited 1/2 YM Long @ 10228 --> 0 11:30
Exited 1/2 YM Long @ 10236 --> + 8
<NihabaAshi> Reminder: I will not be here on Friday (tomorrow), next week Monday and Tuesday.11:33
<TLTrader>  Shorts YM @ 10233 11:34
<NihabaAshi> I'll be traveling again out of the country to attend another funeral of a close relative.
<FFT> Geez Nihaba :(
<les> :(
<NihabaAshi> Tought past 2 weeks for the family...my best friend (cousin) was murdered on July 4th.11:35
<FFT> Murdered? Wow.
<NihabaAshi> Week before that...grandma died on spouse side of family.
Not good times here.
<les> thats real tough

 Covered all Short ER2 at 642.9 --> - 0.3 «« paper »» 11:36
<NihabaAshi> I'll be in Chicago to attend the bail and arraignment of the guy the police arrested.
<FFT> Rat basrid11:37
<NihabaAshi> The next day...his house mysteriously burned down.
<szubaark> dang Niha.
<NihabaAshi> House of the guy arrested.11:38
<dan_away> Rat Basrid...ancient egyptian name
<FFT> I hope he's pretty and gets to be Bubba's girlfriend in prison
<TLTrader>  Covered all YM Short @ 10233 --> 0
<mispe>  Shorts ES @ 1191.5 11:40
<NihabaAshi> I'm still bullish ES will reach 1195 price area.
<mispe>  Covered all ES Short @ 1191.25 --> + 0.25 11:48
<TLTrader>  Shorts YM @ 10232 11:49
<FFT> Guess all the fun's over11:54
<TLTrader>  Covered all YM Short @ 10231 --> + 1
<FFT> I dunno about 95, TRIN seems to be holding above 1.5.
But TICK might be breaking out right now.11:55
<les> gotta go now11:57

will cu all tomorrow
<FFT> Sweet pop. Guess I was wrong :)12:00
BUt I just hit my profit target for the day, so I'm done.12:01
<dan_away> Ym closed the gap12:24
<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.12:37
<zizinio>  Shorts ER2 @ 647.5 «« paper »» 12:51
<FFT> Wow, we closed the gap? Far out.12:57
Just got back from a walk. SUre is nice how a great day trading can put a spring in your step :)
<zizinio>  Covered all ER2 Short @ 648.3 --> - 0.8 «« paper »» 13:08

wow13:41
* NihabaAshi is now known as NihabaAshi_away13:43
<diego12> .13:47
<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.13:49
* Disconnected 14:43
* Attempting to rejoin channel #FuturesTrades14:51
* Rejoined channel #FuturesTrades
<X> [NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab
<pdays>  Shorts YM @ 10279 «« paper »» 14:56
* Disconnected 15:03
* Attempting to rejoin channel #FuturesTrades15:04
* Rejoined channel #FuturesTrades15:05
<X> [NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab
<szubaark> huh? 2 Niha's?15:06
Amazing 200+ Range on YM15:10
* Disconnected 15:16
* Attempting to rejoin channel #FuturesTrades15:17
* Rejoined channel #FuturesTrades15:18
<X> [NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab
* Looking up codehead user info...15:24
* codehead was kicked by NihabaAshi (codehead)15:25
* diego12 was kicked by NihabaAshi (diego12)
* Looking up borisfen user info...15:26
* borisfen was kicked by NihabaAshi (borisfen)
<NihabaAshi> Market back to where it was before the terrorist attack sell-off.15:34
<szubaark> You were right on Niha.15:35
<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.16:13
<FFT> Closed at the very high tick of the day, how bout that.16:15

Well, cya all tomorrow. Stay safe everybody16:16
<NihabaAshi> Take care all...see all next Wednesday.16:28
* DisconnectedSession Close: Thu Jul 07 16:29:01 200516:29