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| Session Start: Mon Sep 24 09:33:12 2007Session Ident: #futurestrades |
* Now | talking in #futurestrades | 09:33 |
<X> | [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm |
<Dmi76> | gm all |
<NihabaAshi> | Shorts ER2 @ 819.60 -> small size | 09:35 |
<base> | GM all | 09:42 |
<NihabaAshi> | Price action is horrible :( | 09:45 |
<Dmi76> | y | 09:46 |
<NihabaAshi> | Covered ER2 Short @ 819.60 --> 0 | 09:47 |
| Reverse and Enter Long ER2 @ 819.60 |
| Exited ER2 Long @ 818.10 --> - 1.5 | 09:52 |
| Reverse and Enter Short ER2 @ 818.10 |
<ItalianSharp> | is bernanke speakin today? | 09:53 |
<NihabaAshi> | I think tomorrow he speaks |
<ItalianSharp> | one of my calendars says today...:=O | 09:54 |
| 1pm |
<Tim_a> | what's a 1pm, Italiansharp? (I just logged in) | 09:55 |
<ItalianSharp> | bernie speaks at 1pm today |
<NihabaAshi> | ItalianSharp...your right. |
| I just recheck my other calendar. |
| He speaks at 1pm est. |
<Tim_a> | 1pm in time zone? |
| never mind, looked over and nih answered it | 09:56 |
<ItalianSharp> | bush is speaking right noq |
| now |
<Tim_a> | again? |
<NihabaAshi> | Covered 1/2 ER2 Short @ 815.60 --> + 2.5 |
<ItalianSharp> | yes about federal budget | 09:57 |
| wow, there still are people applauding bush...unreal | 10:00 |
<NihabaAshi> | Anybody know what time Bush appeared on TV ??? |
<ItalianSharp> | no niha...:(( |
<NihabaAshi> | He's now no longer on TV...his speech has completed. |
<les> | Shorts ER2 @ 815.6 «« paper »» | 10:01 |
| late, sorry |
<ItalianSharp> | short speech |
<Tim_a> | nlong ym 13812 | 10:02 |
<szubaark> | Shorts ES @ 1534.25 «« paper »» | 10:08 |
| exit stop set ES @ 1536 «« paper »» | 10:09 |
<NihabaAshi> | Covered Remainder ER2 Short @ 813.90 --> + 4.2 |
<Tim_a> | nice sho9t |
<NihabaAshi> | Thanks |
<les> | looks like other eminis might follow er2 downwards | 10:12 |
| if so its really gonna motor |
<NihabaAshi> | Long ER2 @ 814.40 -> small size |
| 1 only |
<szubaark> | Covered all Short ES at 1536.25 --> - 2 «« paper »» | 10:15 |
<NihabaAshi> | Exited ER2 Long @ 815.10 --> + 0.7 | 10:17 |
<Tim_a> | exited ym 913 +1 | 10:18 |
| (wasn't responding) | 10:19 |
<X> | #FuturesTrades Info -> Chat room for traders and intermarket analysis of Emini Futures (EMD, 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, XLE, QQQQ, SPY) | 10:20 |
<Bratzzz> | where did u get the script nihaba |
| thx | 10:21 |
<NihabaAshi> | Only register members get the script via following the instructions @ http://www.thestrategylab.com/FuturesTra desChatRoom.htm |
<eminime68> | Do you have any open position right now, Niha? | 10:23 |
<NihabaAshi> | No | 10:26 |
| Got shook out of that Long position for only +0.7 | 10:27 |
<Tim_a> | me too :( |
| 23 ym points lower | 10:28 |
<Bratzzz> | er2 short high psbl? | 10:32 |
<NihabaAshi> | I would like to see ER2 go a little higher |
| There could be a good fight here at the resistance zone of 819.50 | 10:33 |
<Bratzzz> | a little higher as now or as the last top |
<NihabaAshi> | Higher as in to test the highs of the day. |
<Bratzzz> | ok yes |
<NihabaAshi> | If it gets there...hopefully something bearish shows up. |
| If not...nothing wrong with going Long. | 10:34 |
<eminime68> | ER breaks out....new high | 10:35 |
<Bratzzz> | jea |
<Tim_a> | short ym 954 | 10:36 |
<NihabaAshi> | Shorts ER2 @ 819.80 -> small size | 10:37 |
| :( | 10:39 |
| Covered 1/2 ER2 Short @ 818.70 --> + 1.1 | 10:40 |
| Covered Remainder ER2 Short @ 819.30 --> + 0.5 | 10:42 |
<les> | oops... | 10:44 |
| exited my short ages ago and forgot to post it...sorry - 1/2 asleep today | 10:45 |
| Covered all ER2 Short @ 815 --> + 0.6 «« paper »» |
<szubaark> | Buys ES @ 1539.50 «« paper »» | 10:53 |
<Tim_a> | covered ym short 942 + 12 |
| shorted at resistence, covered at support | 10:54 |
<NihabaAshi> | Dark Hammer Line on 1min chart...be careful. | 10:55 |
| reference to ER2 |
<eminime68> | ready to short, Niha? |
<NihabaAshi> | It's a dynamic price action... | 10:56 |
| Gotta watch the price action for Long and Short. |
| That's why those Dark Hammer Lines are tricky to trade. |
<Tim_a> | what is dark hammer line, nih? | 10:57 |
<NihabaAshi> | If you have to ask that means you are not familiar with Japanese Candlesticks Analysis. |
<Tim_a> | familaiar with many, but not all |
<NihabaAshi> | It's a candlestick line. | 10:58 |
| Opposite color of the White Hammer Line. |
| Dark Hammer Line = Open > Close |
<Tim_a> | is hammer line the same as hammer? |
<szubaark> | Exited 1/2 Long ES at 1540.75 --> + 1.25 «« paper »» |
| exit stop moved to breakeven ES @ 1539.50 «« paper »» |
<NihabaAshi> | White Hammer Line = Close > Open |
| Hammer lines behave differently (not the same) | 10:59 |
| White Hammer Lines are not dynamic line Dark Hammer Lines. |
| I see a White Hammer "pattern"...I'm looking for a bullish signal to appear. | 11:00 |
<Tim_a> | my steve nison book only listged hammers |
<NihabaAshi> | I see a Dark Hammer "pattern"...I'm looking for either a bullish or bearish signal. |
| Steve Nison only talks about ONE Bullish Hammer Line as if they are all the same. |
| That's INCORRECT and they are not all the same. | 11:01 |
<szubaark> | Exited all Long ES at 1539.50 --> 0 «« paper »» |
<NihabaAshi> | I've documented about +15 different types of Bullish White Hammer patterns. |
| Most of them are not reliable :( |
<Tim_a> | well, i know about candlesticks, but my knowledge does not exceed his book at this point |
| yet |
<NihabaAshi> | We are testing that 819.50 price area again :( | 11:03 |
<szubaark> | Buys ES @ 1539.25 «« paper »» | 11:05 |
<les> | Long ER2 @ 818.8 «« paper »» | 11:06 |
<NihabaAshi> | volatility declining fast in ER2... | 11:12 |
| I'm expecting a volatility spike here soon. | 11:13 |
<szubaark> | Hopefully to Upside, Im Long. |
<NihabaAshi> | Regardless to the direction it may spike...hopefully it sets up a trade opportunity. |
| szu...I hope it spikes in your direction especially since I don't see anybody else in here in any trades :) | 11:14 |
<les> | i'm also long |
| Long ER2 @ 819.9 -> Add «« paper »» | 11:17 |
<NihabaAshi> | Long ER2 @ 819.90 -> small size |
| 1 only | 11:18 |
| We got a volatilty spike upwards but its starting to lose its momentum :( |
| Oil and Gold markets not giving it support right now. | 11:19 |
<les> | Exited 1/2 ER2 Long @ 820.1 --> + 0.2 «« paper »» |
<szubaark> | Exited 1/2 Long ES at 1540.50 --> + 1.25 «« paper »» | 11:20 |
| exit stop moved to breakeven ES @ 1539.25 «« paper »» |
<NihabaAshi> | Exited ER2 Long @ 821.10 --> + 1.2 |
<szubaark> | Niha, Nice entry. |
<NihabaAshi> | I was chasing it... | 11:21 |
| In comparison...you guys had the best entry :) |
<szubaark> | yeah.. that was 50% textbook Retrace on ES | 11:22 |
<NihabaAshi> | I'm also expecting the "pending News" about the UAW (potential strike) to produce a volatility spike. |
<szubaark> | Exited all Long ES at 1542.25 --> + 3 «« paper »» |
<NihabaAshi> | I guess they decide here soon within the next 30 - 45mins. | 11:23 |
<szubaark> | maybe that was the "LEAK" spike already |
<NihabaAshi> | Bloomberg has been following the news about UAW very closely... | 11:25 |
| They've spent the past 15mins talking about it. |
| I'm not sure if CNBC is doing the same. |
<Tim_a> | short ex 1541.25 | 11:29 |
| es | 11:30 |
<NihabaAshi> | Shorts ER2 @ 819.40 -> small size |
| 2 only | 11:31 |
<les> | Exited Remainder ER2 Long @ 819.3 --> + 0.5 «« paper »» |
| done for today |
| till tomorrow |
<NihabaAshi> | take care Les |
<Tim_a> | shorted because of major july 23rd spx resistence | 11:32 |
<NihabaAshi> | volatility in ER2 declining again | 11:34 |
| Covered all ER2 Short @ 818.50 --> + 0.9 | 11:36 |
<Tim_a> | covered es 1540.25 +1 | 11:37 |
| ex hammer on 5 monute |
| es | 11:38 |
| eminitrader on vacation? | 11:46 |
<szubaark> | no dont think so.. probobly connection problems | 11:47 |
<Tim_a> | GM say UAW on strike | 11:59 |
<NihabaAshi> | Ouch and the UAW can't afford a strike :( | 12:03 |
<Tim_a> | wouldnt seem like it |
<NihabaAshi> | Strike will cost 3-4 billion and what UAW wants is that extra 3-4 billion in health care. | 12:04 |
| Simply, the longer they are on strike...the less likely GM can give them what they want. | 12:05 |
| Will be interesting to see if this gets resolved within the next 24 hours. |
<Tim_a> | GM forgot the lesson of the 1970s with gas guzzlers |
<NihabaAshi> | :) |
<Tim_a> | very costly mistake for all of us | 12:06 |
| odd formation on er2 5 min 2 day chart | 12:14 |
| 5 tests of 820.5 | 12:15 |
<X> | #FuturesTrades Info -> Chat room for traders and intermarket analysis of Emini Futures (EMD, 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, XLE, QQQQ, SPY) | 12:26 |
* codehead_afk | is now known as codehead | 12:28 |
<NihabaAshi> | Shorts ER2 @ 816.70 -> small size | 13:01 |
| Shorts ER2 @ 817.10 -> Add | 13:06 |
| at 2 now |
<Tim_a> | ym short 919 |
<NihabaAshi> | Covered 1/2 ER2 Short @ 816.00 --> + 1.1 | 13:12 |
<Tim_a> | covered ym 914 + 5 | 13:14 |
<NihabaAshi> | So far...Gold didn't follow the key markets down. | 13:15 |
| :( |
<Tim_a> | (forgot to mention pervious cover at 922 for +18, sorry) |
<NihabaAshi> | If it does...it'll be that much easier to hold onto my remainder Short. | 13:16 |
| It's trying now |
| Covered Remainder ER2 Short @ 813.50 --> + 3.2 | 13:22 |
| Gold finally joined in on the price declines again. | 13:23 |
* intowin_awaytil2 | is now known as intowin | 13:38 |
<intowin> | another close call on getting stopped out while away | 13:39 |
| had a 1543.25 stop |
| Covered 1/2 ES Short @ 1531.50 --> + 6.75 | 13:49 |
| from this morning... |
| [08:39] <intowin> short ES @ 1538.25 |
| balance set at break even.. |
| gotta run again.. came home for quick lunch | 13:51 |
<NihabaAshi> | Shorts ER2 @ 811.30 -> small size | 13:53 |
| Ooopss... |
| That's a Long and 1 only |
| I'm also in profit protection mode because I'm way beyond my profit goal for the day. |
| Making corrections now. | 13:54 |
<Brutus> | Good to see Niha busy :) |
<NihabaAshi> | Long ER2 @ 811.30 -> small size |
| Yeah, that last Thursday's morning price action setup the market funk we saw a good part on Friday and today until the market finally made a breakout (up or down). | 13:55 |
| If it wasn't for the FED speech today and a few other headline news... | 13:56 |
| Today could have been flat, chop or boring. | 13:57 |
| Exited ER2 Long @ 811.60 --> + 0.3 | 13:58 |
| If it drops below 811.20 again... | 13:59 |
| I'll be looking for any bullish price action to go Long again. |
| Dark Hammer Line on 2min chart for ER2 | 14:00 |
<Brutus> | IT do you have a position on? | 14:03 |
<NihabaAshi> | I don't but I'm looking :) | 14:04 |
| Volatility declining fast in ER2 |
| I'm expecting a volatiltyh spike here soon | 14:05 |
<ajax> | question....what is the primary emini ya trade in here? |
| & hello.... :)) |
<NihabaAshi> | I think most in here are trading ES or YM |
| some ER2 and NQ traders. |
| A few DAX and a few CME EuroFX EC | 14:06 |
<ajax> | k, YM here, & EMD (like betta than ER, moves smoother)....k, thx |
<NihabaAshi> | There are others but they don't post trades as required. |
<ajax> | k | 14:07 |
<NihabaAshi> | Gold traders, Oil traders and a few Treasury traders. |
<ajax> | gold here too |
| but primary YM & EMD |
<NihabaAshi> | I follow many trading instruments to help with my trades in ER2. | 14:08 |
| Long ER2 @ 813.10 -> small size | 14:09 |
<ajax> | k |
<NihabaAshi> | Exited ER2 Long @ 812.10 --> - 1 | 14:11 |
| Reverse and Enter Short ER2 @ 812.10 |
| Dark WRB just retraced a White WRB... | 14:12 |
| That's chop |
| Oil and Gold also retraced the prior White WRB. | 14:14 |
| Covered ER2 Short @ 811.50 --> + 0.6 | 14:15 |
<Tim_a> | on ym, it was repelled by friday's close | 14:17 |
<NihabaAshi> | Today's price action is reacting to key price areas of Friday. | 14:18 |
<ajax> | ssym 881, +5, +10, runrs in | 14:25 |
<NihabaAshi> | Long ER2 @ 910.30 -> small size | 14:27 |
<ajax> | out +5 runrs | 14:28 |
<NihabaAshi> | Ooops...I'm already at a 100 point loss on that ER2 trade :) |
<X> | #FuturesTrades Info -> Chat room for traders and intermarket analysis of Emini Futures (EMD, 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, XLE, QQQQ, SPY) | 14:29 |
<NihabaAshi> | 810.30 and not 910.30 |
| Long ER2 @ 810.30 -> small size |
<ajax> | :( |
<NihabaAshi> | Long lower shadow (doji or hammer). | 14:30 |
<ajax> | gotta run, have great rest of day.... :) | 14:32 |
<NihabaAshi> | U2 |
| Looks like too much of a fight to get to 811.60 | 14:33 |
| Exited ER2 Long @ 809.20 --> - 1.1 | 14:36 |
| Reverse and Enter Short ER2 @ 809.20 |
| Covered ER2 Short @ 810.00 --> - 0.8 | 14:37 |
| Long ER2 @ 810.70 -> small size | 14:38 |
| Trying hard to hammer (literally) out a support zone. |
<pdays> | Long ER2 @ 810.5 | 14:42 |
<NihabaAshi> | There's about a 1 point chop area near this support. | 14:43 |
| I got caught on the wrong side of it in my last two trades :( | 14:44 |
| Exited ER2 Long @ 810.00 --> - 0.7 | 14:46 |
| Lost support of Oil and Gold | 14:47 |
<Tim_a> | ym has had relative strength seeminly for weeks - today it has relative weakness |
<NihabaAshi> | weak support here | 14:48 |
| Long ER2 @ 810.30 -> small size | 14:49 |
<codehead> | a bit of an inverted ghost on 5 min ER | 14:51 |
<pdays> | Exited all ER2 Long @ 810.9 --> + 0.4 | 14:52 |
<NihabaAshi> | :( | 14:53 |
| Exited ER2 Long @ 810.40 --> + 0.1 |
<intowin> | Covered all ES Short @ 1529 --> + 9.25 | 15:01 |
<NihabaAshi> | :) |
<intowin> | : ) |
| done for the day |
<Tim_a> | me too - nasty chop | 15:02 |
<NihabaAshi> | Shorts ER2 @ 808.70 -> small size |
<intowin> | next week or so I will be having to post my swing trade for the day around 7 to 8 am. as I will be out most of the day. |
| I will be using 5 pt stops and let it ride til I get back | 15:03 |
| today came within .25 of my stop oooh |
<NihabaAshi> | Covered ER2 Short @ 809.50 --> - 0.8 | 15:05 |
| WRB retraced another prior WRB | 15:07 |
| Long ER2 @ 810.50 -> small size | 15:09 |
| 15min chart trying hard to put in a long lower shadow (doji or hammer line) |
<rainer> | Long ER2 @ 809.90 | 15:11 |
| Exited all ER2 Long @ 808.90 --> - 1 | 15:13 |
<NihabaAshi> | Getting closer to that 811.60 price area | 15:23 |
| Exited ER2 Long @ 811.60 --> + 1.1 | 15:30 |
| That gets me back about my 1k profit goal target for the day. |
| Hopefully I can stay above it by market close. |
<werner> | gn all | 15:36 |
<NihabaAshi> | Long ER2 @ 812.00 -> small size | 16:03 |
* sep34 | is now known as sep34_away | 16:05 |
<Brutus> | ============ U.S. MARKETS ACTION =========== | 16:08 |
| DJIA down 56.82 points to 13763.37 |
| NASDAQ down 5.87 points to 2665.35 |
| S&P 500 down 7.87 points to 1517.88 |
| 10-year T-note unch at 100 30/32 yield 4.628 |
| NYMEX Spot Crude down $0.67 at $80.95/bbl |
| Dollar/Euro down 0.0007 at 1.4083 |
| http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={1e310 db2-45c2-4bc9-9df6-09345481bea1} |
<ItalianSharp> | Ym very bearish today...i got screwed on long trades | 16:11 |
| creeping downtrend and it felt like all bullish signals were useless...:(( |
| went 1 tick from PT and wasnt filled...it's one of those days | 16:12 |
<Tim_a> | agreed, trend overrode any bullish signals | 16:13 |
| om ym |
| on ym |
<NihabaAshi> | Exited ER2 Long @ 811.60 --> - 0.4 | 16:14 |
<Tim_a> | double top failure testing friday's high really did it for ym |
<ItalianSharp> | yep |
| tough trading for me today... | 16:15 |
<Tim_a> | maybee it just seems like it, but it also seems like monday mornigs tend to be a fake session |
<ItalianSharp> | especially due to the low volatility not allowing me to get short |
| usually in downtrends volatility picks up...yet today looked more like a creeping downtrend |
| i got faked out many times |
<Tim_a> | get them in wrong monday morning, and jeck them the rest of the week | 16:16 |
<ItalianSharp> | tim, at some pt when YM filled in its gap around 60 i felt we were due for a nice counterthrust |
| yet, YM was stuck between 50 and 70 |
<Tim_a> | well mannered people in here 'tim would you learn to type?' wouldnt have been out of line | 16:17 |
<ItalianSharp> | around 80 i would have dropped all my long contracts...yet it looked like these pundits were keeping YM down for some reason... |
| ES and NQ were ready to move up...yet YM kept all mkts from making a rally |
<Tim_a> | ym may have been keying off of spx, which is being held in check thus far by the july 23rd prior support | 16:18 |
<ItalianSharp> | after today, i am going to be bearish all week | 16:19 |
<Tim_a> | spx & dow may be just consolidating at the high, too soon to decisivly call i tone way or the other | 16:21 |
| pos neg pos neg for 4 days now | 16:22 |
| it's asking 'was mid july the high?' | 16:23 |
<NihabaAshi> | Take care all and see all tomorrow :) |
<Tim_a> | gn |
* NihabaAshi | is now known as NihabaAshi_away | 16:24 |
<ItalianSharp> | nite all...tim, i am bearish all week because the last week of september has historically been a down week |
<Tim_a> | i have no idea if it was the high or not, all i know is that when 'i'm sure' i get a 2 x 4 across the teeth |
<ItalianSharp> | today was the big chance for the bulls IMO...but after what i saw in YM today, i have a feeling we are gonna see a sharp move south | 16:25 |
<Tim_a> | we're going to have a sharp move one way or the other, i'm not a bull by nature, but i am a burned short | 16:26 |
| shorting is far harder than it looks, often bears are too fried by the time the real ride down occurs | 16:27 |
| . | 16:28 |
| good night, all | 16:31 |
<X> | #FuturesTrades Info -> Chat room for traders and intermarket analysis of Emini Futures (EMD, 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, XLE, QQQQ, SPY) | 16:35 |
* DisconnectedSession | Close: Mon Sep 24 17:01:47 2007 | 17:01 |
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