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| Session Start: Tue Jul 31 09:32:16 2007Session Ident: #FuturesTrades |
* Now | talking in #FuturesTrades | 09:32 |
* DisconnectedSession | Close: Tue Jul 31 09:33:16 2007 | 09:33 |
| Session Start: Tue Jul 31 09:35:00 2007Session Ident: #FuturesTrades |
* Now | talking in #FuturesTrades | 09:35 |
<NihabaAshi> | Long ER2 @ 795.10 -> large size | 09:41 |
| 9 contracts |
| Long ER2 @ 793.00 -> Add | 09:48 |
| There's a problem with the log-in for traders on Othernet service that's preventing many from logging on or preventing many from seeing each other messages. | 09:50 |
| Thus, I'm currently in #FuturesTrades all by myself even though you may be able to see my trades being posted. | 09:52 |
| Exited 1/4 ER2 Long @ 794.20 --> + 1.2 | 09:53 |
| Long ER2 @ 794.30 -> Add | 09:54 |
| Please send me a quick message to questions@thestrategylab.com if your having log-in problems. | 09:55 |
| Or that you think your the only ones in the room. | 09:56 |
| By the way, I currently have a key s/r zone of 797.20 - 795.90 | 09:59 |
| Exited 1/4 ER2 Long @ 796.80 --> + 2.5 | 10:00 |
| Exited ER2 Long @ 797.40 --> + 2.3 | 10:02 |
| Holding 3 contracts |
| Exited ER2 Long @ 798.10 --> + 3 | 10:03 |
| Holding 1 contract |
| :) |
| Hopefully this price action can stay above the key s/r zone. | 10:04 |
| exit stop raised ER2 @ 795.50 | 10:05 |
| exit stop raised ER2 @ 795.90 | 10:06 |
| My trailing stop is at the lower price area of that key s/r zone. | 10:08 |
| Trailing Stop Hit ER2 @ 795.90 --> + 0.8 | 10:14 |
| :( |
| I haven't gotten any emails so all must be able to see me even though I can't see you :) | 10:19 |
| Will do a reboot to see if that fixes my Othernet "visibility" problems. |
| I'm officially in profit protection mode which means I'm small size only for the remainder of the trading day :) | 10:20 |
* DisconnectedSession | Close: Tue Jul 31 10:25:21 2007 | 10:25 |
| Session Start: Tue Jul 31 10:34:51 2007Session Ident: #futurestrades |
* Now | talking in #futurestrades | 10:34 |
<X> | [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm |
<NihabaAshi> | Hi all...I had some connection problems. | 10:35 |
<eminime68> | morning |
<asuni> | gm niha |
<NihabaAshi> | Anyone else in here have connection problems ? |
<szubaark> | fine here |
<asuni> | not here |
<pat255> | ditto | 10:36 |
<Awash> | fine here Niha |
<jperl> | trades here..... don't like the price action this morning... | 10:37 |
| http://charts.dacharts.com/2007-07-31/JP ERL_016.jpg |
<PapaJon> | agree jperl.. i havent taken any trades at all yet | 10:39 |
<jperl> | yes...the two trades I took just never developed | 10:40 |
<NihabaAshi> | Here's what my #FuturesTrades log shows and you can see that it was weird that I was in a "ghost room" server on the Othernet. | 10:41 |
| http://www.thestrategylab.com/images/073 107FuturesTradesChatLog.png |
| It happens sometimes like once every few months :( |
| The reboot cleared (fixed) the problem. | 10:42 |
| |
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for profits in the following trading instruments via WRB Analysis: Emini
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<pat255> | dang how does it go tehere? |
<NihabaAshi> | There's many different servers on the Othernet. | 10:43 |
| If anyone logs in and finds themself in the room "all by themselves"... |
| Reboot (turn off your computer and then turn it back on) to clear (fix) the problem. |
<Brutus> | I re started MIRC and that fixed it at my end | 10:44 |
<base> | It is called split, server split or netsplit. It happens when the particular IRC network is divided into two independent parts due to connection difficulties, maintenance, ... | 10:45 |
<intowin> | Long ES @ 1484 | 10:47 |
| add |
<base> | You have not to reboot, just change server or reconnect. irc.othernet.org is resolved to a different IP everytime, so there is a big chance you will connect to another server after reconnect. Or you can use /server <particular server> |
<NihabaAshi> | Ahhh... | 10:48 |
| Thanks Brutus...that explains everything and I've just added the server change solution to my personal IRC text file. |
<base> | - Warren.MS.US.Othernet.org [0] | 10:51 |
| - RA> Athens.GA.US.Othernet.org [1] |
| - Chicago.IL.US.Othernet.org |
| - RA> Firewall.IL.US.Othernet.org [2] |
| - Fremont.CA.US.Othernet.org |
<Brutus> | 07/31/2007 10:49 DJ OIL FUTURES: Nymex Crude Rises Above $77.50; Eyes EIA Data | 10:52 |
<NihabaAshi> | ER2 wants to fill the overnight GAP |
| It just did. |
<base> | No problem. That is how actual servers' map looks like. When one server drop its connection, the whole network is splitted into two parts. Different people on same channel on each side. /server <one of them> can be solution |
| Hm, nice move. | 10:53 |
<Bambam-77> | gap filled trgt hit flat done for the day |
<intowin> | Long ES @ 1482 | 10:55 |
| last add gaps filled |
<Brutus> | Bambam [09:34:02] <Bambam-77> stp 93 what happened to the stop? | 10:58 |
<NihabaAshi> | Long ER2 @ 788.30 -> small size | 11:00 |
| 2 contracts only |
| Exited all ER2 Long @ 788.70 --> + 0.4 | 11:02 |
<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) | 11:10 |
<intowin> | Exited 1/2 ES Long @ 1488 --> + 6 | 11:49 |
| +4 on average |
<pat255> | cn |
| vn |
<intowin> | looking for hod on rest |
<szubaark> | nice into | 11:56 |
<pdays> | Shorts ER2 @ 794.2 |
<intowin> | anybody here from Emini yet? I guess the +14 last week he took a vacation? | 11:58 |
<szubaark> | nope..was wondering same thing |
<NihabaAshi> | Yeah...he's probably in th Bahamas or something...spending the profit. | 11:59 |
<intowin> | be |
| be stop that is |
| exit stop set ES @ 1484 | 12:00 |
<pdays> | Covered all ER2 Short @ 793.2 --> + 1 | 12:32 |
<Awash> | Shorts ES @ 1488 | 12:37 |
<NihabaAshi> | Shorts ER2 @ 793.40 -> small size | 12:54 |
| 2 only as an intuition trade |
| dumping\ | 12:56 |
| Covered all ER2 Short @ 793.40 --> 0 | 12:57 |
| Saw something that really wasn't there :( |
| Shorts ER2 @ 794.20 -> small size | 12:58 |
| 2 only and will lower my contract size down to 1 for the remainder of the day. | 12:59 |
<Brutus> | 07/31/2007 12:35 DJ OIL FUTURES: Nymex Crude Hits $78/Bbl; 1-Yr High |
<NihabaAshi> | Stop runner for those with stops just a few ticks above 794.90 | 13:02 |
<intowin> | I still think up but will take profits and play the breakout play.. /ea 1488 |
| Exited all ES Long @ 1488 --> + 6 |
| +4 on average |
<Brutus> | VN IT NQ seems to be holding to the bottom of its range. | 13:03 |
<NihabaAshi> | Shorts ER2 @ 750.00 -> Add |
| at 3 now |
| :( | 13:05 |
<intowin> | nasdaq non participation has me concerned on longs | 13:06 |
<NihabaAshi> | Covered 1/3 ER2 Short @ 793.70 --> - 43.7 | 13:07 |
| Ooops :) | 13:08 |
| That ADD @ 13:03am should have said 795.00 instead of 750.00 :) |
<Awash> | Covered all ES Short @ 1787.75 --> - 299.75 | 13:09 |
| sorry | 13:10 |
| Covered all ES Short @ 1487.75 --> + 0.25 |
| my stop got tagged |
<intowin> | Long ES @ 1490 | 13:12 |
<NihabaAshi> | Covered ER2 Short @ 795.70 --> - 1.5 |
| Reverse and Enter Long ER2 @ 795.70 |
| Sneaky volatility and I reversed a little too late going into it... | 13:13 |
| Should have reversed around 795.40 |
<Ondra> | Good afternoon All.I am from Europa. | 13:14 |
<NihabaAshi> | Exited all ER2 Long @ 796.00 --> + 0.3 | 13:15 |
| Hi Ondra |
<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) | 13:16 |
<NihabaAshi> | Shorts ER2 @ 795.30 -> small size | 13:23 |
| 1 only |
| Covered ER2 Short @ 793.00 --> + 2.3 | 13:28 |
<pat255> | vn catch niha |
<NihabaAshi> | :) | 13:29 |
<Brutus> | 07/31/2007 13:30 *DJ Poole: More Normal Market Conditions Will Reemerge | 13:30 |
| 07/31/2007 13:30 *DJ Poole: Dangerous For Central Bank To Ignore Money Growth |
| NQ at lOD | 13:32 |
<NihabaAshi> | Looks like "Mr. Poole" is the reason for the volatility. |
| I don't show any speeches today :( | 13:33 |
| Big stop runner | 13:42 |
| Long ER2 @ 791.30 -> small size | 13:43 |
| 1 only |
<intowin> | Long ES @ 1484 |
| add |
<NihabaAshi> | I got cut a little from catching that "falling knife" :) | 13:46 |
| Exited ER2 Long @ 791.80 --> + 0.5 | 13:48 |
<szubaark> | where from in Europa? | 13:50 |
<NihabaAshi> | Long ER2 @ 791.30 -> small size |
<szubaark> | [13:18] <Ondra> Good afternoon All.I am from Europa. |
<NihabaAshi> | I think he's gone. |
<szubaark> | lol |
<NihabaAshi> | He just dropped in to say a quick hello and to test the password for access to #FuturesTrades | 13:51 |
| Exited ER2 Long @ 790.30 --> - 1 |
| Reverse and Enter Short ER2 @ 790.30 |
<szubaark> | intowin.. ES low test looks like a good buy |
<intowin> | yep this is suxing wind |
<NihabaAshi> | That's not a stop runner... |
| Easy position reversal decision. | 13:52 |
<intowin> | been looking for a bounce but hasnt come to get out |
<Brutus> | YM NQ new lows, dont see any bull in there |
<szubaark> | right Brutus.. Selling pullbacks (retracements) seems like way to go now | 13:53 |
<NihabaAshi> | Covered ER2 Short @ 790.00 --> + 0.3 |
| ER2 put in a Hammer line...warning for me to dump my short | 13:54 |
<pat255> | yes niha .. | 13:55 |
<szubaark> | so did ES |
| Bounce off lows good for 3 ES points so far |
<intowin> | no real reason for my thinking but I think we will end with a push up. Hopefully get out unscathed | 13:58 |
| 1487 is be | 13:59 |
<NihabaAshi> | Long ER2 @ 792.20 -> small size | 14:05 |
| 1 only |
| Exited ER2 Long @ 791.40 --> - 0.8 | 14:09 |
| Reverse and Enter Short ER2 @ 791.40 |
| Good position reversal with some nice clues via the shrinking volatility prior to the push down. | 14:11 |
| Volatility declining again. | 14:12 |
| Tightning up my trailing stop just in case it bounce fast back upwards. | 14:13 |
| Covered ER2 Short @ 791.10 --> + 0.3 | 14:14 |
<intowin> | I am going to start a 1488 chant |
| maybe that will do it |
<NihabaAshi> | :) |
<szubaark> | ill get the drum roll | 14:15 |
<intowin> | now that your out nih |
<Brutus> | Huge resistance zone to get to 1488, similar situation to all eminis | 14:19 |
<intowin> | you doubt the power of my chant? |
<Brutus> | Not saying it cant just pointing it out |
<NihabaAshi> | Long ER2 @ 792.90 -> small size |
<Brutus> | Please share, so we can all join | 14:20 |
<intowin> | lol |
<szubaark> | Niha looks like u caught a WRB on that one |
<NihabaAshi> | Will leave this trade alone and see what it does... |
<szubaark> | Shorts ES @ 1482 «« paper »» | 14:21 |
<NihabaAshi> | It has a big s/r zone...if hit...will be a big loss on the contract. |
<szubaark> | Covered all Short ES at 1480 --> + 2 «« paper »» |
| Volatility spiked helped me out (WRB) | 14:22 |
| ES re-test of lows.. its getting intresting now |
<NihabaAshi> | I hate to close a big profitable day with a losing trade... | 14:23 |
| Will put on my lucky baseball hat. | 14:24 |
<intowin> | same here.. lol |
| was doing nice till the last two longs |
| still think they will end up +1 |
| well hmm | 14:25 |
<Brutus> | Silightly bullish divergences and price action |
* Retrieving | #futurestrades modes... |
<NihabaAshi> | ER2 volatility dropping fast... | 14:28 |
| I'm expecting a volatility spike here soon. |
| :( |
| Its spiking downwards. | 14:29 |
<intowin> | new subprime fallout earlier may be part of the problem | 14:30 |
<Brutus> | 07/31/2007 14:30 *DJ OIL FUTURES: Nymex Crude Ends At New Record Close $78.18/Bbl |
<NihabaAshi> | Exited ER2 Long @ 789.00 --> - 3.9 | 14:31 |
| Reverse and Enter Short ER2 @ 789.00 |
| :( |
| Covered ER2 Short @ 788.90 --> + 0.1 | 14:32 |
| Long ER2 @ 788.20 -> small size | 14:33 |
| Exited ER2 Long @ 787.20 --> - 1 | 14:34 |
| Reverse and Enter Short ER2 @ 787.20 |
<intowin> | Exited all ES Long @ 1475 --> - 9 | 14:36 |
<NihabaAshi> | Covered ER2 Short @ 786.60 --> + 0.6 |
| :( |
<intowin> | no more swing plays for me |
| yep that one bit |
| that overnight push up just had me sold on an up day | 14:37 |
<NihabaAshi> | I was very bullish myself at the Open |
| Shorts ER2 @ 785.10 -> small size | 14:38 |
<intowin> | no better way to learn a lesson than with the pocket book. I always used tight stops before |
| got out just in time man |
<NihabaAshi> | Geesh...bouncing a lot but still finding a way to drop its pants lower. |
| :( | 14:39 |
| Geeesh. |
| Tough to hold these shorts even though the price action is dropping since 1:15pm est. | 14:40 |
| Covered ER2 Short @ 784.50 --> + 0.6 |
| Shorts ER2 @ 785.80 -> small size | 14:42 |
| :( | 14:43 |
| Covered ER2 Short @ 786.50 --> - 0.7 | 14:45 |
| Reverse and Enter Long ER2 @ 786.50 |
<Brutus> | NQ below yest Low | 14:47 |
| ER and NQ have had roll reversal | 14:48 |
<NihabaAshi> | Yesterday I said I wanted a bronco ride...I got a few this afternoon. | 14:49 |
| :) |
| This thing can easily buck up to 790.00 | 14:50 |
| Hopefully not without me. | 14:51 |
| Exited ER2 Long @ 786.50 --> 0 | 14:52 |
| Long ER2 @ 785.90 -> small size | 14:54 |
| Trying again for that 790.00 price target |
| :( | 14:55 |
| Exited ER2 Long @ 786.00 --> + 0.1 |
| Long ER2 @ 786.50 -> small size | 14:56 |
| Volatility dropping fast... | 14:57 |
| Which way will she blow? |
| Hopefully the spike occurs upwards. | 14:58 |
<jperl> | Done for today.....trades here... |
| http://charts.dacharts.com/2007-07-31/JP ERL_017.jpg | 14:59 |
| |
WRB Analysis
|
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<NihabaAshi> | tightning my stop again just in case it does one of those sudden retraces. | 15:01 |
| :( | 15:04 |
<intowin> | last trade short er 788 | 15:05 |
* sep34 | is now known as sep34_away | 15:13 |
<NihabaAshi> | Exited ER2 Long @ 787.00 --> + 0.5 | 15:15 |
| :( |
| Long ER2 @ 785.80 -> small size | 15:18 |
| Trying one more time for that 790.00 price target |
| exit stop set ER2 @ 784.80 | 15:19 |
<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) |
<NihabaAshi> | Initially had a wide stop of 782.00 |
| Need to do something...be back later and will post a late trade result if my stop is hit. | 15:20 |
* NihabaAshi | is now known as Nihabaashi_away |
<Nihabaashi_away> | If 788.00 is hit...initial stop becomes a 786.00 trailing stop. | 15:21 |
| exit stop raised ER2 @ 786.00 | 15:22 |
<intowin> | out 788..70 | 15:24 |
| -.70 |
| done | 15:25 |
| cya guys will lick some wounds tonight be back in the afternoon tommorow | 15:26 |
<Awash> | had major connection issue | 15:36 |
| issues |
* Nihabaashi_away | is now known as NihabaAshi | 15:41 |
<NihabaAshi> | Just got back... |
| Wow...who let out the air after hitting the 790.00 price area :) | 15:42 |
| Late trade post... |
| Exited ER2 Long @ 790.00 --> + 4.2 |
<Brutus> | Nice trade and target N | 15:43 |
<NihabaAshi> | I kepted hammering at that 790.00 magnet area. |
| Now that we have new intraday lows... |
| I no longer have any support for any Long positions. |
| Thus, quick trades only with 3 - 5 tick targets. | 15:44 |
<werner> | gn all |
<NihabaAshi> | Shorts ER2 @ 781.10 -> small size | 15:45 |
| Covered ER2 Short @ 780.00 --> + 1.1 | 15:46 |
| ER2 trying to "hammer line" out a bottom but it has no support for such. | 15:47 |
| Shorts ER2 @ 783.20 -> small size | 15:51 |
<Awash> | 30 point range in ES |
<NihabaAshi> | Easy position reversal signal into a Long if I'm wrong. |
| Geesh...what happen there ? |
| Bronco ride. | 15:52 |
| I'm done and a great trading day to end the month of July trading. | 15:56 |
| Covered ER2 Short @ 779.10 --> + 4.1 |
* sep34_away | is now known as sep34 | 16:06 |
* sep34 | is now known as sep34_away | 16:12 |
<Brutus> | US STOCKS TURN LOWER AS CREDIT MARKET CONCERNS RETURN | 16:20 |
| U.S. stocks turn sharply lower as concerns about credit markets and bad-home loans resurface with news that American Home Mortgage Investment might liquidate its assets after failing to meet margin calls. The Dow Jones Industrial Average fell more than 100 points, after earlier rising more than 120 points after General Motors reported a return to profitability. |
| ============ U.S. MARKETS ACTION =========== | 16:21 |
| DJIA down 114.13 points to 13244.18 |
| NASDAQ down 30.78 points to 2552.50 |
| S&P 500 down 15.31 points to 1458.60 |
| 10-year T-note up 12/32 at 98 01/32 yield 4.753 |
| NYMEX Spot Crude up $1.38 at $78.21/bbl at close |
| Dollar/Euro down 0.0015 at 1.3682 |
| US SPENDING, PRICE GAUGE DIP IN JUNE Personal consumption grows just 0.1%, while a price gauge slips into Fed's preferred range. Separately, employment cost index rises slightly in 2Q and consumer confidence rises to a 6-year high. Construction spending decreases 0.3%, and the Chicago PMI falls below expectations. |
| NYMEX CRUDE CLOSES AT RECORD ABOVE $78 Crude oil futures close at a record $78.18 a barrel, smashing the previous high by more than $1 a barrel on expectations of a fall in U.S. inventories in a key weekly inventory report and as concerns about a potential demand slump ease. |
| Source: DJN |
<doublejay> | bye for today | 16:22 |
* DisconnectedSession | Close: Tue Jul 31 19:29:24 2007 | 19:29 |
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