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Chat Log below is eastern
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WRB Analysis
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| Session Start: Thu Jul 24 00:00:00 2008Session Ident: #futurestrades |
| #FuturesTrades Info ->
No gurus, no head traders. Members use this room to document (trade
journal) their trades and thoughts from one trade to the next trade
because it provides critical information they can't get from broker
statements nor statistics. Also, mimicking the trades by others is not
recommended without their permission. More info at
www.thestrategylab.com/FuturesTradesChat Room.htm | 08:38 |
<lisa> | anyone trade gold in room? | 08:54 |
<+silo> | morning | 09:13 |
<DJ> | gm |
<+lisa> | anyone trade gold in room | 09:15 |
<+DJ> | not me, lisa |
| i'm fairly new here |
| some folks are on vacation |
| many are trading er and most es | 09:16 |
<ripsboy> | morning all... | 09:20 |
<starglazer> | market wants nice open |
<drt> | gm | 09:28 |
<+DJ> | gm |
<PapaJon> | gm all | 09:30 |
<Awash> | good morning all | 09:36 |
<kantor> | good morning all | 09:37 |
<+starglazer> | Long ES @ 1279.25 |
| Exited all ES Long @ 1278 --> - 1.25 | 09:41 |
<ItalianSharp_away> | morning all | 09:46 |
* ItalianSharp_away | is now known as ItalianSharp |
<robert> | Shorts ES @ 78.75 «« paper »» | 09:49 |
<szubaark_Gone> | Buys ES @ 1276.50 «« paper »» | 09:51 |
<+robert> | Covered all ES Short @ 75.75 --> + 3 «« paper »» |
<+starglazer> | home sales in 8mins | 09:52 |
* szubaark_Gone | is now known as szubaark | 09:53 |
<+starglazer> | Long ES @ 1277 | 09:59 |
| Exited all ES Long @ 1276 --> - 1 | 10:01 |
<Spartan> | Long NQ @ 1837 «« paper »» | 10:14 |
<+Spartan> | Exited all NQ Long @ 1842 --> + 5 «« paper »» | 10:35 |
<+szubaark> | Exited all Long ES at 1274 --> - 2.5 «« paper »» | 10:36 |
| Shorts ES @ 1274 «« paper »» |
* Spartan | is now known as Spartan_Away |
<pdays> | Shorts ES @ 1274.0 | 10:39 |
<JimL> | Spartan, nice execution! When you get a chance what signal triggered your nq trade (entry & exit)? |
<@X> | #FuturesTrades Info ->
No gurus, no head traders. Members use this room to document (trade
journal) their trades and thoughts from one trade to the next trade
because it provides critical information they can't get from broker
statements nor statistics. Also, mimicking the trades by others is not
recommended without their permission. More info at
www.thestrategylab.com/FuturesTradesChat Room.htm | 10:41 |
* codehead_afk | is now known as codehead | 10:55 |
<+pdays> | Covered all ES Short @ 1273.25 --> + 0.75 | 10:58 |
<+szubaark> | Covered all Short ES at 1268.50 --> + 5.5 «« paper »» | 11:13 |
<+Awash> | vn nice Szu |
<+szubaark> | thanks... i needed that trade | 11:14 |
<+Awash> | and reverse that losing long into a short |
<+szubaark> | yup, that Long was too aggressive |
<+Awash> | you dumped it right at the pullback zone for shorts | 11:15 |
| nice |
| brb |
<+silo> | hehe slotrader | 11:33 |
| :) |
| good name :) | 11:34 |
| Long ER2 @ 711.60 «« paper »» | 11:40 |
<tim_a1> | please, dont all speak at once | 11:54 |
<+silo> | Exited all ER2 Long @ 713.60 --> + 2 «« paper »» | 12:01 |
| Exited all ER2 Long @ 713.60 --> + 2 «« paper »» |
| oops |
| did it twice haha |
| only one trade |
| so +2 |
| only |
* Spartan_Away | is now known as Spartan | 12:23 |
<+Spartan> | Long NQ @ 1837.75 «« paper »» |
| Exited all NQ Long @ 1834 --> - 3.75 «« paper »» | 12:29 |
<+robert> | Long ES @ 66.25 «« paper »» | 12:35 |
| Exited all ES Long @ 66.50 --> + 0.25 «« paper »» | 12:45 |
<+silo> | Long ER2 @ 711.20 «« paper »» | 12:46 |
<@X> | #FuturesTrades Info ->
No gurus, no head traders. Members use this room to document (trade
journal) their trades and thoughts from one trade to the next trade
because it provides critical information they can't get from broker
statements nor statistics. Also, mimicking the trades by others is not
recommended without their permission. More info at
www.thestrategylab.com/FuturesTradesChat Room.htm | 12:47 |
<Awash> | looks like we had some above average volume roll in at the ES LOD | 12:50 |
<+Awash> | here comes the retest | 13:03 |
| lower highs are visible confirming downtrend still intact | 13:04 |
<+tim_a1> | seems like a lot of today's activity has been about oil's resolution of the 125 level | 13:07 |
<+Awash> | i have a slight different opinion on that | 13:09 |
| crude hit 125 yesterday and was about to test the 125 area on Tuesday | 13:10 |
| if
you pull up a daily chart on the $SPX you see two trends, an
intermediate downtrend and an short-term uptrend. The short-term
uptrend off the lows of 1200 has been pulling back and when price
tapped 1292 yesterday we hit the 38% retracement of the overall
intermediate trend (May High to July Low) | 13:11 |
<+tim_a1> | yesterday's dow topped within 2 points of the 200 week ma | 13:13 |
<+Awash> | additionally,
the 1292 area was also resistance from the July high. Yesterday when we
immediately hit 1292 area we sold off convincingly, those were short
sellers putting on new short positions |
<+robert> | Long ES @ 65.50 «« paper »» |
<startrader> | 123.50 is 62% of move from May 2 low and low of May 15th, inside day on gcl. 123.52 today's low on a double bottom. |
<+Awash> | today
is just typical sell off to push market in direction of intermediate
trend. Crude can climb five dollars but i still would think price would
tank | 13:14 |
<+tim_a1> | through this bear rally indu & oil have been almost tick for tick inverse | 13:15 |
<+Awash> | agree, but will you always find oil consistently moving exactly as $SPX on inverse? | 13:16 |
<+tim_a1> | no - in previous bear rally, they were synchronized | 13:17 |
<+Awash> | you wrote "[12:13] <tim_a1> yesterday's dow topped within 2 points of the 200 week ma" good call |
<+tim_a1> | i consider it the fed ultra-liquidity rally |
<+Awash> | $DJI also hit 38% retracement of overall intermediate downtrend yesterday |
<+tim_a1> | thanks, but it's only a good call if it's made prior to the event, i'll take good observation though | 13:18 |
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Trading
Strategies ->
Strategies
used by NihabaAshi, from entry to exit, exploit inefficiencies in the price action
for profits of the following trading instruments via WRB Analysis and
Intermarket Analysis: Emini
Index Futures (EMD, ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex
Index Derivatives (DAX, ESTX50), Euronext
Index Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX
Energy Futures (CL, NG, HO, QM),
COMEX Metals Futures (GC), Forex Currencies (EurUsd, EurYen, UsdCdn), Exchange Traded Funds (DIA,
GLD, OIH, IWM, QQQQ, SPY, XLE) and
Hang Seng Index Futures (HSI)
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<+robert> | Exited ES Long @ 66 --> + 0.5 «« paper »» | 13:19 |
| Reverse and Enter Short ES @ 66 «« paper »» |
<+Awash> | cool |
| just
FYI, whenever the market is in a trend, and it reverses, always look
for a pullback, you can bank on these two areas first (38% & then
50% retracement areas). Always sell the first pullback as it has a high
probability of success | 13:21 |
<+robert> | Covered ES Short @ 67 --> - 1 «« paper »» |
| Reverse and Enter Long ES @ 67 «« paper »» |
<+Awash> | that way you'll be ready prior to it occuring |
| a lot of pro traders has been speculating this before it has happened | 13:23 |
| http://www.doubledownmedia.com/videos/ index.html |
| listen to 7/23 & 7/22 |
<+Spartan> | Long ES @ 1267 «« paper »» | 13:25 |
<+robert> | Long ES @ 65.50 -> Add «« paper »» | 13:28 |
<+Spartan> | Long ES @ 1267 -> Add «« paper »» | 13:29 |
<+Awash> | narrow
range (small chop) but lower highs are prevalent possible signal for
continued downtrend, maybe we consolidate a bit before we start to move
again after 1pm CST |
<+silo> | Long ER2 @ 711.50 -> Add «« paper »» | 13:31 |
<+startrader> | nq trading hard off 50% of day... | 13:33 |
<+Spartan> | Exited all ES Long @ 1265 --> - 4 «« paper »» | 13:38 |
| :( |
| Long NQ @ 1840 «« paper »» | 13:41 |
<+szubaark> | Spartan, this week the Chop has been Brutal | 14:00 |
<+startrader> | es new lows and nq hanging tough... |
<+szubaark> | doesnt matter if you go Long or Short you still gonna Lose |
<+startrader> | benefit of no financials in the nq. |
| 63 handle on es looks like a tough nut to crack. | 14:01 |
| could lift all boats here if it does not. | 14:02 |
<+szubaark> | just going lower, rick by tick | 14:04 |
<+JimL> | if nq joins this move dwn, may yld some good short pts | 14:09 |
<+Awash> | buy limit to cover ES short @ 1245 | 14:14 |
<+robert> | Long ES @ 60.50 -> Add «« paper »» | 14:15 |
<+startrader> | looking at 57-58 for longs on es. | 14:17 |
<+szubaark> | NQ intrday chart looks like Forex chart LOL | 14:24 |
<+startrader> | Long ES @ 1259.50 | 14:37 |
<+szubaark> | Buys ES @ 1261.25 «« paper »» | 14:41 |
<+startrader> | Long ES @ 1259.25 -> Add | 14:43 |
<@X> | #FuturesTrades Info ->
No gurus, no head traders. Members use this room to document (trade
journal) their trades and thoughts from one trade to the next trade
because it provides critical information they can't get from broker
statements nor statistics. Also, mimicking the trades by others is not
recommended without their permission. More info at
www.thestrategylab.com/FuturesTradesChat Room.htm | 14:50 |
<+startrader> | nq db and es at good support | 14:56 |
<+robert> | Exited 1/2 ES Long @ 63.25 +1 --> + 0 + 63.25 +1 - 60.50 «« paper »» | 15:05 |
<+startrader> | Exited 1/2 ES Long @ 1263 --> + 3.75 |
<+silo> | shorting here | 15:25 |
<+szubaark> | Exited all Long ES at 1255.50 --> - 5.75 «« paper »» | 15:30 |
| Shorts ES @ 1255.50 «« paper »» |
| TANK!! | 15:32 |
| Covered all Short ES at 1257.25 --> - 1.75 «« paper »» | 15:33 |
| Buys ES @ 1257.25 «« paper »» |
| Exited all Long ES at 1255 --> - 2.25 «« paper »» | 15:34 |
| Buys ES @ 1255 «« paper »» |
| Shorts ES @ 1255 «« paper »» |
| TANK!! | 15:35 |
| c'mon 1230!! | 15:36 |
<+silo> | i think your yellings are working :) |
| keep it up |
| :) |
<+szubaark> | i need the frikin' POINTS |
<+silo> | NQ no longer supporting the price |
| :) |
| this will be big |
| if it does go down |
<+Awash> | Still
holding Short 8 Contracts from the past few sesssion, my average is
1272.50, my price target is 1247, initially i posted it as 1245 but
hopefully i get filled overnight at that level | 15:52 |
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| if so, i will post the entry tomorrow |
| if so, i will post the EXIT tomorrow |
<+silo> | out short | 15:55 |
<+szubaark> | real or paper? |
<+silo> | me? | 15:57 |
| paper |
| i'll let yo know when i go live |
<+szubaark> | Covered all Short ES at 1252.25 --> + 2.75 «« paper »» | 16:04 |
<+Awash> | good night all, i'm done for today | 16:13 |
<+szubaark> | see u | 16:14 |
<+Awash> | will see you all tomorrow. later szu |
<@X> | #FuturesTrades Info ->
No gurus, no head traders. Members use this room to document (trade
journal) their trades and thoughts from one trade to the next trade
because it provides critical information they can't get from broker
statements nor statistics. Also, mimicking the trades by others is not
recommended without their permission. More info at
www.thestrategylab.com/FuturesTradesChat Room.htm
Close: Fri Jul
25 00:00:00 2008 | 16:56 |
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CME
Emini Futures EMD, ER2, ES and
NQ
CBOT mini-sized Dow Futures YM
Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50
Eurex Fixed Income Derivatives BUND, BOBL and Schatz
Euronext
Futures FTSE-100 and CAC-40
CME Futures
EuroFX EC
Treasury Futures T-Notes ZN, ZF and T-Bonds ZB
Forex Currencies EurUsd,
EurYen and UsdCdn
Exchange Traded Funds DIA, IWM, QQQQ,
SPY, OIH, XLE and GLD
NYMEX Energies Light Crude Oil CL, e-miNY QM and Natural Gas NG
COMEX Metals Gold GC and ZG
Hang Seng Index Futures HSI