#FuturesTrades November 1st Wednesday 2006 Trade Log
#FuturesTrades is a private and free realtime trading posting chat room on the IRC Othernet server that allows traders from all over the world to communicate.
Click here for the instructions on gaining access to #FuturesTrades.
In addition, trades posted by members of #FuturesTrades in the below trade post chat log are by traders that do not have access to TheStrategyLab.com strategies except for NihabaAshi.
Fee-based clients of TheStrategyLab.com strategies use the private IRC rooms called #TheStrategyLab and #SwingTradingTSL.
Further, you'll find below the chat room time stamped text log of realtime trades (real money and simulator) that were posted by full-time, part-time traders from around the world and the timestamp is eastern standard time (est).
Also, below NihabaAshi's trading blog like comments, you can read the time stamped trades (prices, entries, exits et cetera) and market discussions that sometimes contains trading tips or insights that are more useful than what you will see at any other futures blog or chat room.
Trading Blog Below is not your traditional trader's blog in the usual blog format. However, you will find informative commentary on a few occasions as time permits and such will contain trading tips that should help your trading as I attempt to sum up my thoughts as I traversed from the first trade to the last trade that was posted in #FuturesTrades realtime trade posting chat room.
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ER2 EuroFX EC +5.00 +0.0000 $500.00 $0.00 Trading Perspective
The month of October trading has exhausted me mentally due to the fact my concentration was much more focused than any other trading month in comparison.
I also feel like I'm coming down with a cold.
Simply, I was done trading for the day long before the big drop occurred and you can read the below chat log to see how other traders performed during such a deep price decline...traders using different trade methodology in comparison to my own trade methodology.
Today's results (real money and simulator trading) shown above are that of NihabaAshi only. To see his total accumulated points for the month of November...click here. To see results for the months of 2006 and prior years...click here.
Commentary by M.A. Perry (a.k.a. NihabaAshi)
intradaystrategies@yahoo.comNote: Each month there are a few trading days that we consider to involve interconnecting key price action of different markets and such is represented by a particular type of price action from one of the key markets. You can view the charts and their clues that's associated with the key price action at our key market archives.
Session Start: Wed Nov 01 09:28:12 2006Session Ident: #futurestrades * Now 09:28 <X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm <Brutus> 1000/1500 Oct ISM Mfg Index 53.5 52.9 1000/1500 Sept Construction Spending -0.1% +0.3% 1000/1500 Sept Pending Home Sales +4.3% <PapaJon> gm all 09:30 <NihabaAshi> It's November and I go back to normal trading (no big size and reduced number of trades). Today's Key Market Events (Volatility Producers): 10am est Factory Orders, Fed Bernacke Speech 1pm est and 12noon Chain Stores ??? 09:32 <asuni> i have bernacke at 1200 09:34 <NihabaAshi> Ok <ItalianSharp> 1:00pm USD Fed Chairman Bernanke Speaks <NihabaAshi> Volatility already low :( 09:35 <ItalianSharp> hopefully 10am news will bring on some volatility 09:36 <szubaark> Buys NQ @ 1748 «« paper »» 09:40 looking for volatility spike.. hopefully to upside :)) 09:43 <ItalianSharp> hey szu, what kind of edge did you see in such a sideways market to enter long? 09:45 <szubaark> Overnight volatility spike and the uptrendline touch <ItalianSharp> what time frame are you lookin at? 09:46 <szubaark> 5 min mostly.. i dont goof around with 2,3,1,6 09:47 <ItalianSharp> you use trendlines a lot in your trading? i always read from other traders they work great <szubaark> i Eyeball them.. dont draw them or anything 09:48 Exited all Long NQ at 1447.75 --> - 300.25 «« paper »» Exited all Long NQ at 1747.75 --> - 0.25 «« paper »» 09:49 Shorts NQ @ 1747.75 «« paper »» <PapaJon> er2 being wiggy again 09:50 <NihabaAshi> Shorts ER2 @ 772.50 -> small size 1 contract only...position size error...wanted to go 3 contracts :( Covered ER2 Short @ 771.30 --> + 1.2 09:51 <szubaark> geez.. NQ not moving 09:53 <NihabaAshi> Give it a chance...it should drop about 1 point. <jperl> ER2 at yesterdays VWAP 770.78 <Brutus> Long ER2 @ 770.5 09:54 <szubaark> Covered all Short NQ at 1747.50 --> + 0.25 «« paper »» 09:55 <Brutus> Exited ER2 Long @ 770.8 --> + 0.3 <szubaark> Buys NQ @ 1747.25 «« paper »» 09:58 Exited all Long NQ at 1745.50 --> - 1.75 «« paper »» 10:00 Shorts NQ @ 1745.50 «« paper »» <NihabaAshi> Shorts ER2 @ 769.20 -> small size <szubaark> Covered all Short NQ at 1743 --> + 2.5 «« paper »» 10:01 <NihabaAshi> Covered 1/3 ER2 Short @ 768.80 --> + 0.4 <szubaark> Nice Niha 10:02 <NihabaAshi> Covered ER2 Short @ 770.30 --> - 1.1 10:03 Reverse and Enter Long ER2 @ 770.30 <deepitm> Long YM @ 12124 <szubaark> Buys NQ @ 1746 «« paper »» 10:04 <NihabaAshi> Long 4 and still small size. <jperl> YM at VWAP 12134 ER2 at VWAP 771.51 <deepitm> Exited 1/2 YM Long @ 12136 --> + 12 10:05 <NihabaAshi> Exited 1/2 ER2 Long @ 771.80 --> + 1.5 Two position size errors this morning so far... Trading Edge: Trading Strategies -> These strategies will reveal and explain specific strategies from entry to exit that exploit inefficiencies in the price action of your trading instrument for profits in the following trading instruments: Emini Index Futures (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), Forex Currencies (EurUsd, EurYen, UsdCdn), Exchange Traded Funds (DIA, GLD, OIH, IWM, QQQQ, SPY, XLE) and Hang Seng Index Futures (HSI) <yvberj> Long ES @ ER 771 <szubaark> Exited all Long NQ at 1748 --> + 2 «« paper »» 10:06 <yvberj> Why do I keep getting ES showing up when I type ER? <NihabaAshi> The recent one was that I exited 1 contract at a profit instead of 2 contracts on that 3 contract short. <deepitm> Exited 1/2 YM Long @ 12134 --> + 10 <NihabaAshi> Then to add salt to the wound...I didn't trail my stop properly. <jperl> YM, ER2 pausing at VWAP 10:07 <PapaJon> yvberj... you need to setup your script to post er <yvberj> Thanks. <NihabaAshi> I rarely make position size errors and when I do...its a sign of trouble. <PapaJon> ym yw <NihabaAshi> Will take a break (mental) rest after I close my remainders in this Long position. 10:08 Exited ER2 Long @ 772.10 --> + 1.8 Holding 1 contract remainder. <yvberj> Exited all ES Long @ 772.1 --> + 772.1 - ER 771 <jperl> With price action at VWAP, I'm done for the morning.... 10:10 here are the executions... <NihabaAshi> Exited Remainder ER2 Long @ 771.10 --> + 0.8 <jperl> http://charts.dacharts.com/2006-11-01/JP ERL_011.png <NihabaAshi> Taking a break...be back later. * NihabaAshi is now known as NihabaAshi_away <Brutus> Long ER2 @ 769.5 10:12 Exited ER2 Long @ 689.9 --> - 79.6 10:13 <szubaark> Shorts NQ @ 1744.50 «« paper »» <Brutus> Should be 768.9 <szubaark> nice fakeout Covered all Short NQ at 1742.50 --> + 2 «« paper »» 10:15 <RussellDaytrade> Long ER2 @ 767.9 «« paper »» Long ER2 @ 767 «« paper »» 10:17 that wsa an add Long ER2 @ 767 -> Add «« paper »» * codehead_afk is now known as codehead 10:18 <Brutus> Very high sell volume, Sell every bounce you get <RussellDaytrade> brut, i thinmk there may be one more down leg after this bounce 10:19 <yvberj> 5 <Brutus> Shorts ER2 @ 767.9 10:20 Shorts ER2 @ 768.2 -> Add 10:22 <RussellDaytrade> Long ER2 @ 767.3 -> Add «« paper »» <pdays> Shorts YM @ 12107 10:23 <Brutus> Covered ER2 Short @ 767.2 --> + 1.7 Bad move I though i could get the next bounce .,:( 10:24 <RussellDaytrade> ther's trouble in paradise <szubaark> dont try catching falling knife 10:25 <pdays> Covered all YM Short @ 12096 --> + 11 <Brutus> No I mean to go short again, but I lost my position <RussellDaytrade> price target of 769 +/- in approx 45 minutes 10:27 <szubaark> Huge Volatility so far.. expecting lots of chop shortly.. lol <yvberj> We're at 765 ER support may be some hesitation or bounce here. 10:28 <Brutus> Yes LBR Burning Dog, You get a good bounce but not yet i think. 10:29 <pdays> energy #s lower 10:30 <RussellDaytrade> would have bought more lower, but out of bullets 10:31 will liuquidate at my buy prices as it rises, and try to get lower fills on restests 10:32 oops just missed 767 10:33 Exited 1/3 ER2 Long @ 767/lml --> + 0 + 767/lml - 767.3 «« paper »» 10:34 buy limit to enter long ER2 @ 769.5 «« paper »» 10:35 phoney limt buy above market to attract price Exited 1/3 ER2 Long @ 767.1 --> - 2.4 «« paper »» 10:37 that should be a BE on that one 10:38 <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) <jperl> RD...se PM <RussellDaytrade> Exited 1/3 ER2 Long @ 767.7 --> - 1.8 «« paper »» 10:41 that was a positive trade, approx .4 I think the system thinks I am long from 769.5 since I have a limit buy there, that should be a STOP limit buy instead 10:43 Long ER2 @ 766.6 «« paper »» 10:44 add nbo provision that I can see in script language for stop limit orders, so will just type them into message line 10:48 cancelled all open limit orders «« paper »» entered STOP limit buy above market to attract prioce to / near my targets, will close before it triggers, and sell long contracts as price spikes up to next level 10:50 769.5 on that will sell 768.5 or thereabouts Exited all ER2 Long @ 768.4 --> + 1.8 «« paper »» 10:51 cancelled stop order now i just have to do that wioth real $$ will buy and repeat process starting at 767 10:56 <silo1> changed the password on me now huh? 10:58 haha i was wondering why i couldn't get in today <szubaark> hehe.. <Brutus> Shorts ER2 @ 768.7 <szubaark> we dont like stock traders here heheh <Brutus> Covered ER2 Short @ 769.2 --> - 0.5 11:00 Sponsor: <jperl> ER2 at vWAP 769.18 11:02 YM at VWAP 12115 <RussellDaytrade> seems like a good stopping point, that VWAP on er 11:03 <jperl> Yes...markets will tend to pause at VWAP and/or oscillate about it before deciding what to do next 11:04 not a good place to initiate a trade.... unless you are already in one 11:05 <Brutus> Watch for topping action soon. It may make new lows 11:06 <RussellDaytrade> price achieved targets, will repaet process, but from lower than 767, nearer to 766 11:08 Long ER2 @ 766.5 «« paper »» 11:12 <jperl> todays VWAP chart so far for ER2.... <RussellDaytrade> Long ER2 @ 766 -> Add «« paper »» <jperl> http://charts.dacharts.com/2006-11-01/JP ERL_012.png 11:13 blue line is VWAP....others are 1st,2nd and 3rd StdDEv's <yvberj> Shorts ES @ 767. 11:15 Covered all ES Short @ 766. --> + 1 11:16 I'm still getting ES shown instead of ER. Try to change it again. <RussellDaytrade> will sell above 767 11:18 Exited all ER2 Long @ 767. --> + 1.5 «« paper »» 11:19 if this turns out to be a DB, price will move up steadily 11:20 <yvberj> The following trade is a TEST. Thanks. 11:21 Shorts ES @ 767. Still coming up with ES instead of ER. <Brutus> yvberj did you right click steup - set default trade - select ER ? 11:22 <jperl> yb...see PM 11:23 <yvberj> I've gone into "Scripts Editor" and changed it on the "Remote" page. <jperl> Long ER2 @ 766.20 «« testing »» 11:39 Exited ER2 Long @ 766.20 --> 0 «« testing »» <Brutus> Careful on longs, watch for lows 1200 to 1230 and sidways chop m2c 11:42 <szubaark> "dont trade mid day mid range" On Most Days 11:43 Brutus how long uve been trading? 11:44 <Brutus> Never had a problem mid day, some of the best setups and moves happen then 11:45 I think it because all the retail investors are having lunch and may liquidate then. 11:46 11 months since my first futures trade 11:47 1/2 year trading stocks before that <RussellDaytrade> midday moves have time sustainment / they take longer to fully manifest / slower, still offer opportunity <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) 11:50 <Brutus> If you want to disprove all crows are black then show a white crow, I can show you many :) Yes I agree there is not the consistant volatility like the mornings 11:51 <yvberj> Shorts ES @ 765.7 «« testing »» 11:52 Covered Remainder ES Short @ 765.7 --> 0 «« testing »» Covered Remainder ES Short @ 765.7 --> 0 «« testing »» <RussellDaytrade> Long ER2 @ 765 «« paper »» 11:53 <yvberj> Covered Remainder ES Short @ 765.2 --> + 0.5 «« testing »» 11:54 <RussellDaytrade> if it makes a low between now and 45 minutes from now, the price target is approx up 4 bucks fromlow in approx 60 minutes from low 11:57 but if that seems like a stretch, (it usually does!!), it alomost always good for about 1.5 bucks or more 11:59 may get support in here, bonds and oil helping, etc 12:01 this may be where 'time' sustainment kicks in Long ER2 @ 764.6 -> Add «« paper »» 12:05 entered stop limit buy at 767.5 12:07 <Brutus> To me the low looks to nice. Nice DB etc. Need to crush the early longs 12:09 <RussellDaytrade> last bullet to buy is 763.5 or so 12:10 i think its got a fair chance to hold and build 12:11 entering another stop limit buy above amrket, 768 <Brutus> To me if there was 'value' here, I would expect the smart money to buy hand over fist. 12:13 <RussellDaytrade> the er trades in a very balanced way, it has generally gone down today for approx 2.5 hours 12:14 it can easily trade up for a time and price to balance that equation that said, in the bigger picture, I think the market has seen a yop for this run, and has begun to trade off, and will continue to do so 12:18 <Brutus> I'm going to do paper trades as I'm feeling sick, concentration lacking. See how I go in the afternoon. <RussellDaytrade> makes long entries important to be close to accurate, in time and price helps to get back in sync brut 12:20 <Brutus> My last short would have been a good winner I had the analysis right but instead of adding to the short 12:22 I closed, simply because the concentration was not ther, not feeling 100% 12:23 <NihabaAshi_away> Just got back from lunch...I've decided I'm done trading for the day. 12:24 Will enjoy today's profits and use the rest of the day off to take it easy as a reward for a job well done for the month of October. 12:25 <silo1> nice man 12:26 niha how much are you up this month <RussellDaytrade> Exited all ER2 Long @ 764.7 --> - 0.2 «« paper »» <Brutus> Looking for the lows soon, ES should find support at yest LOD <szubaark> Niha u did some nice trading October. stuck to your "Seasonal Bullish Tendancies" well. <NihabaAshi_away> silo...made about $500 today for the first day of November. <silo1> niccce how much last month 12:27 :D <Brutus> Long ER2 @ 764.7 «« paper »» <silo1> if you dont mind me asking <NihabaAshi_away> Will use it to go buy a new ski boots <RussellDaytrade> Long ER2 @ 764.8 «« paper »» <NihabaAshi_away> :) <Brutus> Exited ER2 Long @ 764.8 --> + 0.1 «« paper »» <NihabaAshi_away> See all later...will stop by around 4pm est. <RussellDaytrade> will add if goes lower Long ER2 @ 765.2 «« paper »» 12:28 price could accelerate into target here <Brutus> Yes time is right, price is right. ER should not go a point lower that the current low. 12:29 <RussellDaytrade> Exited 1/2 ER2 Long @ 764.6 --> - 0.6 «« paper »» 12:31 <silo1> later niha szu, how are you holding up <RussellDaytrade> Long ER2 @ 764.2 -> Add «« paper »» last bullet 763.5 or so <NihabaAshi_away> Reminder: Fed Bernacke is speaking at 1pm est 12:32 Volatility should begin picking up again aroun 1250pm est. <RussellDaytrade> Long ER2 @ 763.6 -> Add «« paper »» 12:33 <Brutus> Long ER2 @ 763.6 «« paper »» 12:34 <RussellDaytrade> new target 767.5 in approx an hour it'll be a miracle, for sure! seems to be amgnet pulling prices down 12:35 a magnet <Brutus> Long ER2 @ 763.1 -> Add «« paper »» <RussellDaytrade> ap 764.4 +/- 12:36 entered string of stop limt buys above market, 765.5, 766.5, 767 12:37 will cancel before hit, and sell longs, etc <Brutus> Long ER2 @ 762.8 -> Add «« paper »» 12:40 <RussellDaytrade> hey brut, i think we need N to show us that 'close and reverse' trade! 12:41 <Brutus> I am long real contracts 12:42 <RussellDaytrade> i am paper trading to get back in sync 12:43 <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) 12:59 <Brutus> On a sell i got a fill on ER at 763.3 someone wants to buy it Exited 1/2 ER2 Long @ 763.3 --> + 0.5 «« paper »» 13:01 Safe buy now stop at low 13:05 <RussellDaytrade> jp, you got the VWAP on the er handy? 13:06 766. 5 or therabouts? <Brutus> ER price was 762.7 and low was 761.8 < 1 pnt <jperl> VWAP for ER2 767.39 <RussellDaytrade> thx, good palce for a showdown vwap would be lower if and when we gotr to 767.3 13:08 <Brutus> Exited all ER2 Long @ 763.7 --> + 0.1 «« paper »» Long ER2 @ 762.2 «« paper »» 13:16 Low should hold stop at 762.0, Could be a big bounce here 13:19 <RussellDaytrade> i'd buy it here, but out of bullets, got three at ap 764.4, started buys too early this go-round 13:21 <Brutus> Dont take the first carrot or second, wait 13:24 <RussellDaytrade> 3 hours left in trading day, i htink they can get it back up to 766 or so 13:26 <Brutus> Exited ER2 Long @ 763.4 --> + 1.2 «« paper »» 13:30 <RussellDaytrade> entering more stop limit teaser buys at 764.5, 765 13:34 canceled 764.5 slb 13:46 <szubaark> Shorts NQ @ 1732.25 «« paper »» 13:49 lookig for re-test of lows <RussellDaytrade> slow crawl out of the well <szubaark> will reverse this sucker Long if 1734 is taken out 13:50 <RussellDaytrade> cancelled 765 slb 13:51 <szubaark> Covered all Short NQ at 1734.75 --> - 2.5 «« paper »» 13:53 almost no Volatility, expecting spike soon. :(( that spike got me Buys NQ @ 1734.75 «« paper »» looks like Bottom is in <silo1> hey szu 13:54 <szubaark> yawn.. 13:56 needs to bounce here NOW or im TOAST 14:01 <yvberj> 3 <RussellDaytrade> re-entering stop limit buys, teasers, at 764 , 764.5, 765 14:03 <szubaark> Exited all Long NQ at 1730.75 --> - 4 «« paper »» 14:05 :(( Shorts NQ @ 1730.75 «« paper »» getting slapped around here 14:06 faked me out on 1734 "breakout" where they just ran my Stop 14:07 <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) 14:11 <jperl> szu....good example of why using stops will just bleed you raw 14:12 <szubaark> i need stops otherwise ill let this run to -10/-20 <RussellDaytrade> Exited all ER2 Long @ 762.5 --> - 3.8 «« paper »» 14:13 <szubaark> i HATE taking Stops <jperl> ok so -20 on NQ is $400/contract Is that your risk tolerance? <RussellDaytrade> Long ER2 @ 763 «« paper »» 14:14 <szubaark> that would be my MAx loss for DAY on 1 contract <jperl> ok so if you can tolerate that...you should plan your strategy around that....not some arbitrary stop 14:15 <szubaark> Covered all Short NQ at 1730.50 --> + 0.25 «« paper »» that Stop was safety zone in case a Volatility spike candle Shorts NQ @ 1729 «« paper »» 14:16 <RussellDaytrade> Exited all ER2 Long @ 762.8 --> - 0.2 «« paper »» <szubaark> hehe.. most October pullbacks like this would be reversals to upside now they changine the game a little 14:18 <RussellDaytrade> cancelled all stop limit buy orders <szubaark> Russell.. its November, they changing the Rules of the game again.. heheh Covered all Short NQ at 1726 --> + 3 «« paper »» 14:19 <Brutus> Long ER2 @ 761.3 «« paper »» <RussellDaytrade> yep, it is dynamic <szubaark> its taking your money lol im done.. i screwed up big time with my last 3 trades.. all undisciplined trading. 14:21 * szubaark is now known as szubaark_away <RussellDaytrade> i 'normally' would close out a trade if I was down when it hit breakeven or near it, depending on how 'compromised' I had been in it, or how strongly I felt about how the market might trade against me, etc <Brutus> Exited 1/2 ER2 Long @ 762.3 --> + 1 «« paper »» 14:24 <RussellDaytrade> Long ER2 @ 761.7 «« paper »» <Brutus> Exited all ER2 Long @ 761.3 --> 0 «« paper »» 14:25 Long ER2 @ 761.3 «« paper »» 14:27 Exited 1/2 ER2 Long @ 762.0 --> + 0.7 «« paper »» 14:28 Exited all ER2 Long @ 761.9 --> + 0.6 «« paper »» 14:30 <RussellDaytrade> Long ER2 @ 761.6 -> Add «« paper »» 14:31 nary a lift 14:35 Long ER2 @ 760.5 -> Add «« paper »» <Brutus> Long ER2 @ 760.2 «« paper »» 14:36 This has to be it, go long 14:38 <szubaark_away> markets never overbought or oversold <RussellDaytrade> wanna bet? <szubaark_away> otherwise i would be rich just trading frikin MACD or CCI 14:39 <RussellDaytrade> sure they get overbot / sold happens al the time <szubaark_away> i bet enough trading all day.. no extra bets :)) <RussellDaytrade> right on! carry on today was not the day for trading this strategy 14:43 understatement <szubaark_away> :( 14:44 <Brutus> Damm one violent puppy. <RussellDaytrade> Exited all ER2 Long @ 759.6 --> - 3 «« paper »» 14:56 <jperl> enough for today....here are the executions.... 14:57 http://charts.dacharts.com/2006-11-01/JP ERL_013.png <RussellDaytrade> i think that last one was more liek down 5, long two from 761.6, and one from 760.5 14:58 days tally likely about down 800 all told 14:59 Long ER2 @ 760 «« paper »» 15:00 <Brutus> Exited 1/2 ER2 Long @ 756.2 --> - 4 «« paper »» 15:03 Should be 759.2 at -1 15:04 <RussellDaytrade> Long ER2 @ 759. -> Add «« paper »» Long ER2 @ 758.8 -> Add «« paper »» 15:12 long 3 average p of 759.4 or so 15:15 what a day, been in losing trades for 4 hours 15:17 <Brutus> Long ER2 @ 757.8 «« paper »» 15:18 <yvberj> You're trying to fight the trend. Very difficult to do. <RussellDaytrade> it is today when market fell off cliff! 15:19 <yvberj> Other than this morn. I've been on the sidelines <RussellDaytrade> traded it well this am, been on the wrong side since <Brutus> Exited ER2 Long @ 757.8 --> 0 «« paper »» 15:20 <yvberj> I keep thinking that it's time to turn, but, just not getting the signals so I'm still waiting. <RussellDaytrade> doing a hail mary trade to see if we hget a lateday covering rally of a couple points <Brutus> Yes thats what I was looking for 15:21 <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) 15:23 <yvberj> The short term keeps looking like it might turn, but longer indicators, 30 & 60 mn. are still pointing dn. 1 <RussellDaytrade> Exited all ER2 Long @ 757.3 --> - 4.2 «« paper »» 15:25 think that was closer to down 550 15:26 <Brutus> Dow 12k is holding, its at 12016 15:28 <RussellDaytrade> Long ER2 @ 756.9 «« paper »» 15:29 going dow with the ship today! 15:30 <yvberj> I know you're paper trdg., but what are you basing your trades on? I don't see anything yet that would make me go long. 15:31 <RussellDaytrade> Long ER2 @ 756.9 -> Add «« paper »» earleir today, on a model i have, later today in the midday, same thing, only today the market broke below key levels, so it was not th eday to expect the type of bounces that occur in a range bound market 15:33 like i said earlier, not the day for it Long ER2 @ 756.5 -> Add «« paper »» 15:34 so close to 755, it would not surprise me if they run the stops there too 15:35 <Brutus> Russell if its not the day for it why even paper trade it? 15:36 This is test you want to show consistant profitability. 15:37 the <RussellDaytrade> yes, just keepinmg at it, someitmes it works, and sometimes it doesn't today it hasn't 15:38 <yvberj> According to my S/R levels it's already dropped below the 65.7 & 59.7 support. Next is around 48. I also agree that there has to be some sort of bounce. But I'm not willing to trade it yet. 15:39 * NihabaAshi_away is now known as NihabaAshi 15:46 <NihabaAshi> Geeesh...what did you guys do to the market :) <yvberj> We didd it just to agravate you. LOL <Brutus> Russell tried to buy it and look what happened :) <RussellDaytrade> we brought it down to your buy zone! 15:47 <Brutus> ER2 down over 2% <NihabaAshi> Market needed a drop like this to get below the pullback range that had been establish since a little past mid October. 15:48 <RussellDaytrade> ok, lets see a three point run up 15:49 <NihabaAshi> Looks like volatility has been rising since the Bernacke speech. 15:50 <yo> lol niha today here also new skiboots 15:51 <yvberj> ER seems to be finishing at the bottom. Could mean more dn. tomorrow. There hasn't been any buying coming into the mkt. 15:58 Have a good eve. everyone. See you tomorrow. 16:01 <yo> gn all 16:10 <NihabaAshi> Hope someone in here made some big dough today with a downtrend like that. 16:11 Take care all and see all tomorrow. * NihabaAshi is now known as NihabaAshi_away * DisconnectedSession Close: Wed Nov 01 16:19:53 2006 16:19 Sponsor:
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