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| Session Start: Thu Aug 16 09:29:46 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 |
* Retrieving | #FuturesTrades modes... | 09:30 |
<pat255> | gm all |
| bloodbath.. |
<NihabaAshi> | Shorts ER2 @ 751.00 -> large size | 09:32 |
<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) | 09:33 |
<NihabaAshi> | Covered all ER2 Short @ 752.30 --> - 1.3 | 09:34 |
<pdays> | Long ER2 @ 751.5 «« paper »» |
<pat255> | :( |
<NihabaAshi> | Long ER2 @ 753.80 -> large size | 09:35 |
<pdays> | Exited all ER2 Long @ 754.3 --> + 2.8 «« paper »» | 09:36 |
<base> | Nice start | 09:37 |
<NihabaAshi> | Exited all ER2 Long @ 753.00 --> - 0.8 | 09:38 |
| It's chopping higher so far. | 09:41 |
| Long ER2 @ 754.50 -> large size | 09:42 |
| :( | 09:43 |
| more chop |
| Exited ER2 Long @ 758.50 --> + 4 | 09:45 |
<pat255> | vn N.. |
<NihabaAshi> | Holding 2 contracts |
| Exited ER2 Long @ 760.10 --> + 5.6 | 09:46 |
| Holding 1 contract remainder |
| Exited Remainder ER2 Long @ 756.10 --> + 1.6 | 09:54 |
<pat255> | back to the lows.. | 09:57 |
<NihabaAshi> | Shorts ER2 @ 754.50 -> small size | 09:59 |
| 3 only |
| ER2 trying hard to find some support here. | 10:01 |
| Covered 2/3 ER2 Short @ 753.00 --> + 1.5 | 10:02 |
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<pat255> | N u have guts to play the L &S side... | 10:04 |
<NihabaAshi> | By the way, I open up #FuturesTrades so that anyone can log in without a password. | 10:05 |
| I'll keep it like this until the room hits +30 members again. |
| Covered Remainder ER2 Short @ 754.40 --> + 0.1 | 10:06 |
<Brutus> | Shorts ES @ 1399 «« paper »» |
| Covered 1/2 ES Short @ 1397.5 --> + 1.5 «« paper »» | 10:07 |
<Elkramer> | nice Brutus | 10:09 |
| quick |
<Brutus> | Trailing Stop Hit ES @ 1454.25 --> - 55.25 «« paper »» | 10:11 |
| Reverse and Enter Long ES @ 1454.25 «« paper »» |
| oops |
<szubaark_away> | when is change over to December? |
<Brutus> | exit stop set ES @ 1400.5 «« paper »» |
| still short | 10:12 |
<NihabaAshi> | Shorts ER2 @ 755.50 -> small size | 10:14 |
| 2 only |
<Brutus> | huge down move coming | 10:15 |
<NihabaAshi> | Covered 1/2 ER2 Short @ 754.90 --> + 0.6 |
<szubaark_away> | that was quick Niha | 10:16 |
<NihabaAshi> | Yeah...I got 3 ticks more than I was expecting...decided to take it. |
<szubaark_away> | Shorts ES @ 1398 «« paper »» | 10:18 |
<pat255> | szy EM still on vacation? | 10:19 |
<szubaark_away> | looks like it. |
<Brutus> | EM around the world in 80 days |
<AusTrader00> | gm.. | 10:20 |
| another wild day. |
<Brutus> | 08/16/2007 10:20 *DJ Moody's Sees Possibility Of Major Hedge Fund Collapse | 10:21 |
<Elkramer> | that s why it s a hedge fund |
| risky |
<NihabaAshi> | Covered Remainder ER2 Short @ 754.00 --> + 1.5 |
<szubaark_away> | Covered all Short ES at 1395 --> + 3 «« paper »» | 10:23 |
<NihabaAshi> | Shorts ER2 @ 751.60 -> small size | 10:24 |
| 1 contract only |
| Dark Hammer line on the 1min chart could make some a little brave (not me). | 10:25 |
<Elkramer> | :) | 10:26 |
<szubaark_away> | lowest timeframe Ill go to in 3min |
<Brutus> | Exited 1/4 ES Long @ 1391.5 --> - 62.75 «« paper »» | 10:28 |
<NihabaAshi> | Covered ER2 Short @ 750.00 --> + 1.6 |
<Brutus> | Shorts ES @ 1399 «« paper »» |
| Covered 1/4 ES Short @ 1391.5 --> + 7.5 «« paper »» |
<szubaark_away> | nice B |
<Brutus> | thx |
<Elkramer> | Brutus fabulous |
<NihabaAshi> | 7.5 ES points...very nice. |
<Brutus> | thx looking for a climax low today with a possible stong reversal | 10:29 |
| Feb 27th low is spx 1365 | 10:30 |
<Elkramer> | Brutus and Nihaba, thx for your wisdom |
| Portugal falling apart |
| - 4% | 10:31 |
<Brutus> | dax holding -2% |
<NihabaAshi> | This is the best area right now for ER2 to find some support in comparison to its prior attempts on the way back down. |
<Elkramer> | BMW and VW holding |
| Autos | 10:32 |
<NihabaAshi> | Long ER2 @ 750.30 -> small size |
| 1 contract only |
<Elkramer> | I m buying here Dax futures | 10:33 |
<Brutus> | exit stop set ES @ 1399 «« paper »» |
<NihabaAshi> | Exited ER2 Long @ 752.40 --> + 2.1 | 10:35 |
| Looks like the 1030am EIA Natural GAS report gave it a shot in the arm for a nice counter-thrust. | 10:38 |
* lesAway | is now known as les | 10:41 |
<les> | Shorts ER2 @ 754.8 «« paper »» |
<Brutus> | Covered all ES Short @ 1399 --> 0 «« paper »» | 10:44 |
| Shorts ES @ 1400.5 «« paper »» | 10:46 |
| Covered 1/2 ES Short @ 1399.5 --> + 1 «« paper »» |
<pat255> | S 58.1 er | 10:47 |
<les> | Shorts ER2 @ 758.2 -> Add «« paper »» |
<Brutus> | Covered 1/4 ES Short @ 1398 --> + 2.5 «« paper »» | 10:48 |
<pat255> | out er | 10:49 |
<les> | Covered 1/3 ER2 Short @ 756.2 --> + 2 «« paper »» |
<Brutus> | Covered all ES Short @ 1397.5 --> + 3 «« paper »» | 10:50 |
| Shorts ES @ 1400.5 «« paper »» | 10:52 |
| Covered all ES Short @ 1401.5 --> - 1 «« paper »» |
<szubaark_away> | Buys ES @ 1401.50 «« paper »» | 10:53 |
<Elkramer> | up Dax |
<les> | i wonder if the fed is buying |
| looks too artificial to me | 10:54 |
<Brutus> | 08/16/2007 10:56 Volatility Index S&P 500 Options-VIX up 2.68 to 33.35 | 10:57 |
<les> | lod test likely | 11:01 |
<pat255> | y les looks like |
<szubaark_away> | i was looking for High test first |
<Brutus> | LOD+ agree | 11:02 |
<les> | yeah, it had to go take a look there first |
<szubaark_away> | High test it is | 11:05 |
<les> | well if it isnt, we got egg on our faces for expressing our opinions too early :) |
<Brutus> | 1405 |
| Shorts ES @ 1405 «« paper »» | 11:06 |
| Covered 1/2 ES Short @ 1404 --> + 1 «« paper »» |
| Covered 1/4 ES Short @ 1402.5 --> + 2.5 «« paper »» |
| Covered all ES Short @ 1401.5 --> + 3.5 «« paper »» | 11:07 |
<szubaark_away> | that was quick B.. scalping the S&*^% out of the ES |
<Brutus> | :)) | 11:08 |
| Shorts ES @ 1404 «« paper »» | 11:09 |
<ItalianSharp> | wow...is esignal datafeed correct? |
| ER2 new highs??? |
<Brutus> | Covered 1/2 ES Short @ 1403 --> + 1 «« paper »» |
| Covered 1/4 ES Short @ 1402.5 --> + 1.5 «« paper »» | 11:10 |
<szubaark_away> | Yes..ER waiting on ES to catch up |
<Brutus> | Covered all ES Short @ 1404 --> 0 «« paper »» | 11:11 |
| too much consensus on LOD :) |
<les> | hehe |
<szubaark_away> | ER on Anabol 50 :)) | 11:12 |
<les> | i still dont trust this rally just yet |
<Brutus> | + GH | 11:13 |
<les> | bbiaw | 11:14 |
<Brutus> | this could be a top for this move | 11:15 |
<les> | its sitting on a lotta support right now... so this area's crucial | 11:26 |
<Brutus> | Possible LOD test or selloff can coincide with lunch which would be ideal |
<les> | could well happen that way |
<Brutus> | But I trade the candles...when it lines up :) | 11:27 |
| Dax close -2% | 11:30 |
<les> | Covered 1/3 ER2 Short @ 756.6 --> - 1.8 «« paper »» | 11:35 |
| exit stop lowered ER2 @ 753 «« paper »» | 11:36 |
| exit stop lowered ER2 @ 751.7 «« paper »» | 11:37 |
| Trailing Stop Hit ER2 @ 751.7 --> + 3.1 «« paper »» | 11:39 |
<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) |
<Brutus> | Shorts ES @ 1394.75 «« paper »» |
| Covered 1/2 ES Short @ 1393.75 --> + 1 «« paper »» |
| Covered 1/4 ES Short @ 1393.25 --> + 1.5 «« paper »» | 11:40 |
| Covered all ES Short @ 1394.75 --> 0 «« paper »» |
| Shorts ES @ 1396 «« paper »» | 11:41 |
| Covered 1/2 ES Short @ 1395 --> + 1 «« paper »» |
| Covered 1/4 ES Short @ 1394.5 --> + 1.5 «« paper »» | 11:42 |
<base> | Amazing execution rate. :) |
<Brutus> | Covered all ES Short @ 1396 --> 0 «« paper »» | 11:44 |
<NihabaAshi> | Incredible up and down range today...very nice. | 11:45 |
* codehead_afk | is now known as codehead |
<werner> | :) |
<base> | Nice roller coaster | 11:47 |
<Brutus> | thx B home runs are not my forte, so this better for now. One day I will get a 10 pointer :) | 11:50 |
| 1200/1600 Aug Philadelphia Fed Business Index | 11:52 |
| Business Activity 8 9.2 |
<NihabaAshi> | 12noon Philly FED up next :) | 11:56 |
<Brutus> | Shorts ES @ 1394.5 «« paper »» | 11:57 |
| exit stop set ES @ 1396.5 «« paper »» |
<NihabaAshi> | volatility dropping fast... | 11:58 |
| Looking for a volatility spike here soon. | 11:59 |
<Brutus> | Covered 1/2 ES Short @ 1393.25 --> + 1.25 «« paper »» |
<NihabaAshi> | Shorts ER2 @ 752.60 -> small size | 12:00 |
| 1 only |
<Brutus> | Covered 1/4 ES Short @ 1389 --> + 5.5 «« paper »» |
<NihabaAshi> | Covered ER2 Short @ 750.30 --> + 2.3 | 12:01 |
<Brutus> | Covered all ES Short @ 1388 --> + 6.5 «« paper »» |
<NihabaAshi> | Long ER2 @ 752.20 -> small size | 12:03 |
| 2 only |
| VIX just went higher...be careful | 12:04 |
| Exited ER2 Long @ 751.60 --> - 0.6 | 12:05 |
| Reverse and Enter Short ER2 @ 751.60 |
<Brutus> | 08/16/2007 12:03 *DJ Philadelphia Fed Aug Business Index 0.0 Vs Jul 9.2 | 12:06 |
<NihabaAshi> | Covered 1/2 ER2 Short @ 749.40 --> + 2.2 | 12:08 |
<szubaark> | Shorts ES @ 1385.50 «« paper »» |
<Brutus> | 08/16/2007 12:07 *DJ Dollar Drops To Fresh Multi-Month Low Below Y113.60 |
<NihabaAshi> | VIX still pushing higher...keeping me still in my short position. | 12:09 |
<Brutus> | Getting ugly naz gives up gains for the year |
<NihabaAshi> | Covered Remainder ER2 Short @ 744.00 --> + 7.6 | 12:11 |
<pat255> | mama mia N ..vn |
<NihabaAshi> | Thank you VIX :) |
| Wow...today I've used the following: |
| S/R Zones | 12:12 |
| Japanese Candlesticks |
| VIX/VXN |
| Oil and Gold |
| Treasury Futures |
| And a little luck |
| :) |
| Everything is working :) |
<Brutus> | vix at HOD 35 DT, vn n |
<NihabaAshi> | I'm going to try "astrology" on my next trade :) | 12:13 |
<Brutus> | Low could be in |
| Big rally time |
<_sep34> | lol....:) |
<Brutus> | 08/16/2007 12:20 DJ OIL FUTURES: Nymex Crude Down $3; Stock-Led Selloff Quickens | 12:20 |
<szubaark> | Covered all Short ES at 1385.50 --> 0 «« paper »» |
<Brutus> | Quote from Spectre2007: | 12:27 |
| keep your newswires open... the minute the FED cuts rates, everyone will cover shorts at the same time. |
| I'm not saying its going to happen today. But watch for it. |
| NQ still near lows and no ES follow through | 12:33 |
| another morgage company colapses | 12:34 |
| http://www.azstarnet.com/allheadlines/19 6691 | 12:40 |
| 08/16/2007 12:42 DJ Ariz Mortgage Lender First Magnus Financial Shutting Down | 12:42 |
| wanted to sell 1388.5 :(( | 12:43 |
| getting close the Feb/Mar lows | 12:45 |
<AusTrader00> | this is horrid...!!!! | 12:49 |
| it affecting the whole darn world this sub prime thing... | 12:50 |
<Brutus> | http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={b2340 2e5-5850-41be-b826-e56f3a06e153} | 12:52 |
| yep |
<NihabaAshi> | Wow...if Countrywide Financial Corp goes down the drain...many more will follow. | 12:58 |
| Yet, its already a big mess. | 12:59 |
<Brutus> | http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={c8434 e19-f5d0-4c44-ad18-1b299a11e538} | 13:00 |
| Long ES @ 1376.5 «« paper »» | 13:01 |
| exit stop set ES @ 1374.5 «« paper »» |
| Exited 1/2 ES Long @ 1379 --> + 2.5 «« paper »» |
| Exited all ES Long @ 1377.5 --> + 1 «« paper »» | 13:02 |
<NihabaAshi> | Long ER2 @ 739.50 -> small size | 13:03 |
| Try to grab a 738.50 but was too slow |
| 1 only | 13:04 |
| too jumpy for me | 13:05 |
| Exited ER2 Long @ 740.70 --> + 1.2 | 13:06 |
| Weak support and as long as the VIX doesn't power up again... | 13:09 |
| This support should hold above the 738.50 area |
| Long ER2 @ 742.30 -> small size | 13:11 |
| 1 only | 13:12 |
| I'm looking for a profit target above the 745.30 price area |
| Exited ER2 Long @ 746.00 --> + 3.7 | 13:15 |
| Geesh...feels like another "armed robbery" trading day. | 13:16 |
| I must be on the FBI |
<pat255> | vn n |
<NihabaAshi> | "most wanted" list :) |
| Amazing volatility....they will be talking about July - August trading for many years. | 13:18 |
| I wouldn't be surprise to see more discussions about "volatility analysis" within the next month. | 13:19 |
<ItalianSharp> | niha, did you ever experience such volatility over your 20+ yrs of trading? | 13:20 |
<NihabaAshi> | Not consistently like this for consecutive weeks. | 13:21 |
| I've seen a few back to back trading days like this during the price action in the late 90's |
<ItalianSharp> | have you guys taken a look at forex currencies? | 13:22 |
| USDJPY, EURAUD, EURJPY, GPBJPY all look INSANE |
<NihabaAshi> | July - October of 98 was a great duration of volatility. | 13:23 |
| I had a lot of 10 - 15 point gainers back then. |
<pat255> | wow | 13:24 |
<NihabaAshi> | However, like all years or every year...volatility goes into this dormant stage after a few months of great trading. |
| Until it spikes the next time. |
| However, 2003 through May 2006 was dead. | 13:25 |
| That's when I dramatically began reducing my overall position size and I switched from ES (declining volatility) to ER2 (increasing volatility). | 13:26 |
<ItalianSharp> | looking at the currency markets, i gotta think today major central banks stepped in | 13:38 |
| never seen such a day in FOREX |
<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) | 13:45 |
<werner> | niha are you tranding more then 20 years now? | 13:58 |
| trandig=trading | 13:59 |
<Pepe> | :) | 14:00 |
<NihabaAshi> | Yes and studying the markets longer than that. | 14:01 |
<werner> | wosa | 14:02 |
| :) | 14:03 |
<NihabaAshi> | :( | 14:13 |
| That was fast...it made its move before I can get in. |
<werner> | hihi |
| what a market | 14:14 |
| 100 points in les then 5 min | 14:15 |
| ym | 14:16 |
<NihabaAshi> | Shorts ER2 @ 766.60 -> small size |
| 1 only |
<base> | Unbelievable moves. | 14:17 |
<NihabaAshi> | Great volatility again |
| Covered ER2 Short @ 764.30 --> + 2.3 | 14:18 |
<intowin> | just got in.. any reason for the rebound that we know about? | 14:27 |
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WRB Analysis
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<szubaark> | Shorts ES @ 1401.50 «« paper »» | 14:30 |
<Brutus> | just over due IT, 13:50 some rumour on Breifing.com about Fed going to hold and unschedualed meeting, typical BS to explain the move | 14:31 |
<intowin> | thanks | 14:32 |
| looks like the belief was short lived |
<Brutus> | the close will tell, I think there will be a very strong run into the close, if so gap up open. | 14:34 |
<intowin> | those prices probably triggered a good amount of buys | 14:35 |
<szubaark> | Covered all Short ES at 1400 --> + 1.5 «« paper »» | 14:53 |
| not going anywhere |
<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) | 15:48 |
<NihabaAshi> | Unbelievable range since 3:12pm est | 16:12 |
| If it reaches 775 that would be a 30 point range. |
| Looks like I picked the wrong time of the day to call it quits :) | 16:13 |
<ItalianSharp> | after today's rally, i think the big correction might be over |
| eminis fighting for their lives near lows...and then putting up such a rally |
| mkts closed at HOD | 16:14 |
| very bullish |
<Brutus> | US STOCKS DOWN IN VOLATILE SESSION | 16:15 |
| As liquidity dries up around the globe, signs of investor panic start to emerge. Dow now down around 184 points and Nasdaq declines 49, with selling accelerating at noon after the release of weaker-than-expected factory data. |
| ============ U.S. MARKETS ACTION =========== |
| DJIA down 51.87 points to 12809.28 |
| NASDAQ down 15.70 points to 2443.13 |
| S&P 500 up 3.33 points to 1410.20 |
| 10-year T-note up 98/32 at 1101 4/32 yield 4.608 |
| NYMEX Spot Crude down $2.33 at $71.00/bbl at close |
| Dollar/Euro down 0.0010 at 1.3412 |
* sep34 | is now known as sep34_away | 16:31 |
<NihabaAshi> | That ER2 +30 point rally after 3:12pm est was like seeing Rocky win his second fight against Apollo | 16:43 |
| I kepted hearing the "Eye of the Tiger" theme song during that move upwards :) | 16:44 |
| Take care all and it was a great trading day. |
| Hope all made good profits and/or taking great notes about this volatility so that the next time it appears you can profit from it. |
<werner> | gn all | 16:49 |
| :) | 16:50 |
<codehead> | i did pretty well today, but... I bought the YM last-hour dip, it dropped another 26, was gettign late and i was up decent so i just put in sell for +10 ticks... it just closed +340 from my buy | 17:03 |
| no, +340 from my exit actually | 17:04 |
<NihabaAshi> | wow | 17:07 |
* NihabaAshi | is now known as NihabaAshi_away | 17:09 |
* DisconnectedSession | Close: Thu Aug 16 17:35:37 2007 | 17:35 |
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