|
|
|
#FuturesTrades purpose, benefits and access
info for day traders, swing traders and position traders...click
here. |
| Session Start: Mon Oct 29 08:32:47 2007
central standard time (Chicago) Session Ident: #futurestrades |
* Now | talking in #futurestrades | 08:32 |
<X> | [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm |
<NihabaAshi> | A lot of green markets this morning so far. | 08:33 |
<Nesi> | hi Niha |
<NihabaAshi> | Long ER2 @ 829.20 -> large size | 08:34 |
<werner> | gm all | 08:35 |
<NihabaAshi> | Exited ER2 Long @ 830.00 --> + 0.8 |
<Nesi> | nice start | 08:36 |
<NihabaAshi> | I was a pure intuition trade...no pattern signal. | 08:38 |
| Hmmm...my IRC clock is behind one hour :( | 08:39 |
| |
Trading
Edge: Strategies |
If your an independent trader looking for an
edge to help you traverse around obstacles to profitable trading...a method
that's well defined, gives you a better understanding of the markets,
applicable for day trading, position trading, swing trading, market seasonal
tendencies, position size management, intermarket analysis with a money
back guaranteed policy...click
here. |
|
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)
|
| |
<szubaark> | are we moving clocks today? |
<NihabaAshi> | Yet, my clock is accurate...very weird. | 08:40 |
<pdays> | next weekend..suz |
<NihabaAshi> | Meant...my computer clock is accurate but my IRC clock is behind. |
| Maybe the Othernet folks got their clock times mixed up. |
| Anybody else having the same clock problem like me ??? | 08:41 |
<Brutus> | no |
<NihabaAshi> | Must be me then... |
<szubaark> | i had to move my clock 1 hour behind for data to be collected | 08:42 |
<tookZgain> | the old daylight saving time was over weekend | 08:43 |
<NihabaAshi> | Ahhh...thanks tookz | 08:46 |
| Shorts ER2 @ 829.40 -> small size | 08:49 |
| trying something new here |
| Covered ER2 Short @ 830.40 --> - 1 | 08:51 |
| Reverse and Enter Long ER2 @ 830.40 |
| Exited ER2 Long @ 830.60 --> + 0.2 | 08:53 |
| Shorts ER2 @ 830.30 -> small size | 08:55 |
<ItalianSharp> | i guess we are doomed to see this kind of price action until the FOMC | 08:57 |
<NihabaAshi> | Covered 1/2 ER2 Short @ 828.90 --> + 1.4 | 08:58 |
<pat255> | missed the S entry .. |
| vn N |
<jperl> | anybody lose IB connection? |
<pat255> | not here |
<jperl> | it's back again | 08:59 |
<NihabaAshi> | volatility not very good so far this morning |
<szubaark> | Shorts ES @ 1548 «« paper »» |
<NihabaAshi> | Will lower my risk exposure via trading 1 contract only after I close the current position. | 09:00 |
<Nesi> | Shorts ES @ 828.50 «« paper »» |
<pat255> | fed this pm? |
<Nesi> | Shorts ER2 @ 828.50 «« paper »» | 09:01 |
<szubaark> | Covered 1/2 Short ES at 1546.50 --> + 1.5 «« paper »» |
| exit stop moved to breakeven ES @ 1548 «« paper »» | 09:02 |
<Nesi> | Covered all ER2 Short @ 826.7 --> + 1.8 «« paper »» |
<NihabaAshi> | Covered Remainder ER2 Short @ 826.70 --> + 3.6 |
<pat255> | vvn |
<NihabaAshi> | That was a volatility spike around 10am est... |
| On no news??? |
<Nesi> | Shorts YM @ 13880 -> small size «« paper »» | 09:03 |
<szubaark> | watching for possible ES gap close |
<NihabaAshi> | Dark Hammer Line on 1min ER2 chart...be careful. | 09:04 |
<szubaark> | Nice followthru so far to the downside. |
<NihabaAshi> | Long ER2 @ 826.50 -> small size | 09:06 |
| volatility declining fast... | 09:09 |
| I'm expecting a volatility spike here soon. | 09:10 |
| Hopefully price goes up and not down during the spike |
| Exited ER2 Long @ 825.60 --> - 0.9 | 09:11 |
| Reverse and Enter Short ER2 @ 825.60 |
| :( | 09:12 |
<Nesi> | Shorts ER2 @ 826.40 -> small size «« paper »» |
<pat255> | cho chop here |
<NihabaAshi> | I didn't see any support for that little spike that took price upwards... | 09:14 |
| still holding my short |
| :( | 09:15 |
| Geeesh | 09:16 |
| price action is a little weird. | 09:17 |
| Big Dark WRB in Oil... |
| something news like is occurring in the market. |
| Gold now following | 09:18 |
<pat255> | no idea N... |
<NihabaAshi> | DAX holding it weight. |
<Nesi> | Covered all ER2 Short @ 823.2 --> + 3.2 «« paper »» |
<NihabaAshi> | Covered ER2 Short @ 822.90 --> + 2.7 | 09:19 |
<pat255> | vn indeed ...N cry & mkt gives in ..lol |
<NihabaAshi> | :) |
<szubaark> | Covered all Short ES at 1543.75 --> + 4.25 «« paper »» |
<pat255> | when i cry mkt punishes me ..:( | 09:20 |
<NihabaAshi> | I call them up and cashed in one of a hundred or so favors the market owes me :) |
<Nesi> | Long ER2 @ 822.5 «« paper »» |
<pat255> | :) |
<Nesi> | Exited all ER2 Long @ 822.5 --> 0 «« paper »» | 09:22 |
| nice script, Niha | 09:24 |
| i am practicing with it |
| Shorts ER2 @ 823.4 «« Scalp »» | 09:27 |
<NihabaAshi> | It has it's limitations | 09:28 |
| There are better ones out there on the net other traders are using if you search hard enough. |
| Some even works as a third party app with your broker execution platform. | 09:29 |
<Nesi> | this is good enough for me, its simple and it works |
<szubaark> | Didnt Kelly code this script? wonder what hes up to now |
<NihabaAshi> | Whatever trades occurs in your account...they automatically get posted in here via the script. |
| Yeah...kelly coded the original script. |
| I've modified it several times as I learn a little more about the script. | 09:30 |
<Nesi> | Shorts ER2 @ 823.8 -> Add «« Scalp »» |
<jperl> | done for this morning....trades here.... | 09:33 |
| http://charts.dacharts.com/2007-10-29/JP ERL_0121.jpg |
<Nesi> | nice scalps, jperl | 09:34 |
<jperl> | tx |
<NihabaAshi> | Oil rebounded just as fast as it had dropped. | 09:37 |
| That brought some stability back to the Eminis. |
| However, had Gold responded upwards...Eminis would be rising instead of trying to drop lower. | 09:38 |
| Shorts ER2 @ 822.70 -> small size | 09:39 |
| intuition trade |
| Covered ER2 Short @ 823.10 --> - 0.4 | 09:41 |
| Reverse and Enter Long ER2 @ 823.10 |
| something spooked the markets and I'm going to assume its "news related" in one of the key markets. | 09:45 |
| Therefore, I"m goikng to assume ER2 will attempt a retracement attempt back upwards at/near the prior price area prior to the news event. | 09:46 |
| That retracement usually occurs as the market attempts to "price it in". | 09:47 |
| Exited ER2 Long @ 823.80 --> + 0.7 | 09:49 |
| :( |
| Got bucked off that ride |
| Dark Hammer Line on 1min chart | 09:54 |
<Nesi> | Covered all ER2 Short @ 821.6 --> + 4 «« Scalp »» |
<NihabaAshi> | be careful |
<szubaark> | nice nesi |
<Nesi> | Covered all YM Short @ 13869 --> - 13045.6 «« Scalp »» |
| that did not work well.. :/ | 09:55 |
<NihabaAshi> | Back to back Dark Hammer Lines | 09:56 |
<pat255> | y on 1 min ? |
<NihabaAshi> | Long ER2 @ 821.90 -> small size |
| pat...yes |
<pat255> | k vn | 09:57 |
<Nesi> | nice feel, Niha |
<pat255> | trying to c what u are looking at |
<NihabaAshi> | Exited ER2 Long @ 822.60 --> + 0.7 |
<szubaark> | Buys ES @ 1543.75 «« paper »» |
<NihabaAshi> | Tough to hold on to Long positions today. | 10:00 |
<pat255> | y | 10:02 |
<szubaark> | just looking for a counter thrust upwards from this mornings sell-off here |
| Expecting Volatility spike, hopefully to upside, Im Long | 10:03 |
<NihabaAshi> | I've been looking for a decent Long all day. | 10:04 |
| So far...small profits on my Longs in comparison to bigger profits on my Shorts. |
| I also have a bullish bias today. |
<Nesi> | Long ER2 @ 822.50 «« Scalp »» | 10:05 |
<NihabaAshi> | Anyways, I'm slowly becoming more bearish as the pressure continues on Oil after it may that upside move above $93 | 10:07 |
<szubaark> | Exited 1/2 Long ES at 1544.50 --> + 0.75 «« paper »» | 10:08 |
| exit stop moved to breakeven ES @ 1543.75 «« paper »» |
| Real tight Price Action here on ES |
<Nesi> | Exited all ER2 Long @ 823.40 --> + 0.9 «« Scalp »» | 10:09 |
<szubaark> | Is this here the counter thrust move or sellers wilkl step in again? | 10:11 |
| Exited all Long ES at 1546.25 --> + 2.5 «« paper »» | 10:18 |
* szubaark | is now known as szubaark_away |
<Brutus> | Good trades szu | 10:20 |
<szubaark_away> | thanks.. |
<pdays> | Shorts ER2 @ 824.5 | 10:25 |
| Covered all ER2 Short @ 824.2 --> + 0.3 |
<NihabaAshi> | Expecting a volatility spike here soon | 10:28 |
<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) | 10:33 |
<NihabaAshi> | Shorts ER2 @ 824.30 -> small size | 10:35 |
| This trade is starting to stick....doesn't feel right so far. | 10:37 |
| stick = stink |
| Covered ER2 Short @ 824.20 --> + 0.1 |
| Will stay on the sidelines. | 10:38 |
| Lost my focus in that trade. |
| I think its time for a break from trading. |
| Be back later...going to lunch. |
* codehead_afk | is now known as codehead | 11:42 |
* Disconnected | | 11:45 |
* Attempting | to rejoin channel #futurestrades | 11:46 |
* Rejoined | channel #futurestrades | 11:47 |
<X> | [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm |
* fseitun | is now known as ItalianSharp | 11:53 |
<ItalianSharp> | Wow, guess we all got booted | 11:54 |
| really weird...what happened to the VIX? way to screw up a chart |
* DisconnectedSession | Close: Mon Oct 29 11:58:57 2007 | 11:58 |
| Session Start: Mon Oct 29 12:01:09 2007Session Ident: #futurestrades |
* Now | talking in #futurestrades | 12:01 |
<X> | [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm |
<Nesi> | Long ER2 @ 824 «« Scalp »» | 12:38 |
<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) | 12:39 |
<Nesi> | Exited all ER2 Long @ 824.50 --> + 0.5 «« Scalp »» | 12:46 |
<Guest35179> | long 826 | 13:09 |
| out 825.5 | 13:10 |
<hummie> | Niha we need to talk |
| chat me up |
<Nesi> | Shorts ER2 @ 824.60 «« Scalp »» | 13:11 |
<Guest35179> | long 824 |
| out 824.5 | 13:12 |
| long 823.5 | 13:13 |
| out 824.3 | 13:16 |
<Nesi> | OIL near day high | 13:18 |
| oil about to take day high 93.20 | 13:21 |
| took it | 13:24 |
<rainer> | Long ES @ 1547.00 | 13:27 |
<Brutus> | 10/29/2007 14:26 GEN: PIMCO's Gross says Fed may need to cut to 3.5% to avoid recession-Bloomberg | 13:29 |
<rainer> | Exited all ES Long @ 1545.50 --> - 1.5 | 13:30 |
<szubaark_away> | amazing, that 10/19 Drop we fully retraced now | 13:31 |
| lets see if we get another of those end of day rally's | 13:33 |
<Tim_a> | are you still swing trading nih? | 13:34 |
| i'm wondering if the 20 day ma's are giving a swing opportunity | 13:36 |
<Nesi> | feels like ER 820 maybe gone soon..imo | 13:37 |
<Guest35179> | long 821.5 |
<szubaark_away> | yup.. problem is with FOMC meeting tomorrow, its very thin out there |
| (things can turn on a Dime) | 13:38 |
<Stowe> | announcement is on 10-31 i thought...not tomorrow |
<szubaark_away> | Tomorrow meeting Begins |
<Guest35179> | out 822.5 |
<Nesi> | Covered all ER2 Short @ 8222.50 --> - 7397.9 «« Scalp »» |
<Stowe> | FOMC Calendar shows the Fed meeting to be "10-30 to 10-31" |
<Nesi> | Covered all ER2 Short @ 822.50 --> + 2.1 «« Scalp »» | 13:39 |
<Stowe> | they usually annouce on second day of meeting |
| i thought |
<szubaark_away> | yes, but Traders,Institutions already are waiting today, u can tell by the Price Action |
<Tim_a> | man, i'm so tired of the fed - heard greenspan interview on bbc saturday, guy has zero concience | 13:40 |
<Nesi> | Shorts ER2 @ 822.10 «« Scalp »» |
<Brutus> | 10/29/2007 14:35 *DJ OIL FUTURES: Heating Oil Ends At Record $2.4628/Gal,Up 3.13c |
<szubaark_away> | Fed junkies are loving it. |
| just watch CNBC LOL | 13:41 |
<Stowe> | "b-b-b-bennie and feds" |
<Tim_a> | they've destroyed the dollar | 13:42 |
<Stowe> | http://thestressblog.com/2006/06/05/benn ie-and-the-feds/ | 13:43 |
| The Fed is in a corner. Credit markets remain squeezed, but energy and food costs are soaring, and the dollar is tumbling. The central bank has always tried to walk the tightrope between controlled inflation and fluid markets, but it has been a while since the balance has looked this precarious. | 13:50 |
| http://www.domain-b.com/economy/general/ 2007/20071029_us_federal.htm | 13:53 |
<startrader> | Shorts ES @ 1548 | 13:58 |
<Tim_a> | the fed put itself (and us) in that corner |
| hi star, what triggered you short (if you dont mind my asking?) | 14:00 |
<startrader> | Just a range trade, ers was reacting off 50% retrace as well, close of the 9:45 15 min reversal bar and open of 2:00 pm 15 min engulfing bar, was looking for a better reaction, here it comes. | 14:04 |
<Tim_a> | thought you had some interesting comentary friday | 14:05 |
<startrader> | Now ers is banging on the 60% retrace on es is still knocking heads with the 48 level, was working it at 46.25 at the line of control but could not get filled. | 14:14 |
| er2, dyslexia! | 14:15 |
* Stowe | adds to ym short 13914 |
<jperl> | done for the day....trades here... | 14:22 |
| http://charts.dacharts.com/2007-10-29/JP ERL_0122.jpg |
<NihabaAshi> | Long ER2 @ 824.40 -> small size | 14:27 |
* Stowe | adds to ym short 13927 | 14:28 |
| adds to ym short 13930 insanity | 14:31 |
<startrader> | Shorts YM @ 1449.25 -> Add |
| es | 14:32 |
* Stowe | adds to ym short 13926 | 14:34 |
<rainer> | Shorts ER2 @ 824.4 |
| Covered all ER2 Short @ 823.40 --> + 1 | 14:36 |
<NihabaAshi> | Exited ER2 Long @ 823.80 --> - 0.6 |
| Reverse and Enter Short ER2 @ 823.80 |
<startrader> | Covered 1/2 ES Short @ 1447.50 --> + 1.75 | 14:42 |
* Stowe | adds to ym short 13910 | 14:43 |
<Tim_a> | boy, you had to be stubborn to collect that |
<startrader> | es and ym where both at r1 levels. like my numbers? told you, keyboard dyslexia! | 14:44 |
<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) | 14:45 |
<startrader> | Covered Remainder ES Short @ 47 --> + 1501 | 14:47 |
<Tim_a> | 75k per contract, not bad | 14:51 |
<Nesi> | Shorts ER2 @ 822.30 -> small size «« Scalp »» | 14:53 |
<Tim_a> | closing spx on 20 day ma would confuse the most people |
<NihabaAshi> | Covered ER2 Short @ 822.90 --> + 0.9 | 14:54 |
<Tim_a> | 1539.19 |
<NihabaAshi> | Long ER2 @ 825.20 -> small size | 14:59 |
| All this talk or rumor about another interest rate cut should keep things bullish for a few more minutes. | 15:00 |
<Nesi> | :) |
<Tim_a> | they're a bunch of junkies | 15:01 |
<Brutus> | ============ U.S. MARKETS ACTION =========== |
| DJIA up 70.15 points to 13877.34 |
| NASDAQ up 8.99 points to 2813.32 |
| S&P 500 up 5.94 points to 1541.22 |
| 10-year T-note up 7/32 at 102 30/32 yield 4.375 |
| NYMEX Spot Crude up $1.67 at $93.53/bbl at close |
| Dollar/Euro up 0.0029 at 1.4422 |
<NihabaAshi> | My entry is a full 1.2 points too late as a "chaser" :( |
<Brutus> |
http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={ccfd2 15d-21b3-49e5-9c2c-5196e0f100ea} |
<NihabaAshi> | Was on the phone of a busy phone call. | 15:02 |
| :( |
<startrader> | er2 moves 80% of range in 10 minute? I gotta trade that thing! |
<Stowe> | pisani: "the important thing here is we're quietly moving up" | 15:03 |
<NihabaAshi> | Well...a few minutes after 4pm est has now passed...exit decision time for me. | 15:04 |
<Stowe> | ADP Report Tomorrow |
<Tim_a> | that IVB friday was worth 22 es points | 15:06 |
<Stowe> | tim...you must have been referring to this quote earlier: "Chairman Alan Greenspan said $100 oil would not be all bad as it would help the U.S. to break its oil dependence. Greenspan also said he expects more weakness in the real dollar rate, especially against the Chinese Yuan. |
| if $100 is not bad...is $200 oil really good? | 15:07 |
<NihabaAshi> | See all later...gotta call. |
<Stowe> | maybe we need a 30 cent dollar | 15:08 |
<Tim_a> | i dont recall that especially, as much as just a 'cutesy' attitude about fedspeak, after turing hosuing into a casino |
| turning housing |
<NihabaAshi> | Exited ER2 Long @ 825.80 --> + 0.6 |
| |
WRB Analysis
|
|
| |
* NihabaAshi | is now known as NihabaAshi_away | 15:09 |
<Stowe> | fed funds futures supposedly pointing to a 96% chance they cut to 4.5% |
<Brutus> | I did some reasearch on IVB's as well on the weekend, powerful stuff. Thx ST | 15:10 |
<startrader> | Yea Tim, I am working on scaling out so when you do enter one of those trades at an absolute level you catch a big move. By absolute I mean where price does not return to before continuing the longer term trend. |
<Tim_a> | AG seemed to get a kick out of that fact that he had the nation by the b*lls, and had everyone hanging on every word that he gave to mislead | 15:11 |
| (in the bbc interview) | 15:12 |
<startrader> | Time to go carve pumpkins! Night all. |
<Tim_a> | worthwhile stuff, star | 15:13 |
| i'm trying to catch longer moves, because on an es, you're down 3 ticks from the start, (in/out/commish) | 15:14 |
<Stowe> | "These are uncertain times," Janet Yellen, president of the Federal Reserve Bank of San Francisco, said earlier this month. "Any forecast and any analysis of events should be made with a great deal of humility about its correctness," she said. "And, that's why I am keeping an open mind about prospects for the future." |
<Tim_a> | glad she cleared THAT up | 15:15 |
| brutus, what did you uncover, were you just going back on charts looking at IVB's? | 15:17 |
<Brutus> | Yes Tim going back and checking charts |
| It was a good confirming factor on top of what I watch for | 15:18 |
<Tim_a> | pretty reliable for turning points? |
<Brutus> | I'm no expert on it |
<Tim_a> | i'm trying to move to fewer/better/longer trades | 15:19 |
<Brutus> | But Friday I got no signals on that turn |
* sep34 | is now known as sep34_away |
<Brutus> | But he IVB was the best indication |
<Tim_a> | i've posted very few trades here because i'm kind of in flux, and i dont want to lead anyone astray |
<Brutus> | have to go CU, go ahead mark them as paper trades | 15:20 |
<Tim_a> | have a good evening |
| i'll look into that |
<werner> | gn all | 15:26 |
* Stowe | is now known as all |
<all> | gn |
* all | is now known as Stowe | 15:27 |
<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) | 16:45 |
* DisconnectedSession | Close: Mon Oct 29 22:57:25 2007 | 22:57 |
| |
Sponsor:
Skype
|
|
| |
Google:
|
#FuturesTrades past logs can be searched
via using Google. For example, pretend you want to research what has been
said about volatility analysis. Go to the Google search window below and type
in "volatility analysis" site:thestrategylab.com (exactly as I typed
it including the quotation marks) and you will find everything associated
with those key words that were used by any member of #FuturesTrades.
|
| |