Session Start: Wed Nov 02 09:27:30 2005Session Ident: #futurestrades
* Now talking in #futurestrades09:27
<X> [NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab
<pdays>  Long YM @ 10414 «« paper »» 09:45

 Exited all YM Long @ 10425 --> + 11 «« paper »» 09:47
<NihabaAshi>  Shorts ES @ 1200.00 -> small size 09:51
Ooops...09:52
Shorts ES @ 1208.00 -> small size
Covered 1/3 ES Short @ 1207.50 --> + 0.5 09:58
<jbraswell>  Shorts ER2 @ 649.30
<NihabaAshi>  Covered Remainder ES Short @ 1207.75 --> + 0.25 09:59
Shorts YM @ 10416.00 -> large size 10:04
* WannaBeATrader is now known as WannaBeBOS10:08
<danshirley>  Shorts YM @ 10421 «« paper »» 10:10
Covered 1/2 YM Short @ 10415 --> + 6 «« paper »» 10:12
Covered Remainder YM Short @ 10421 --> 0 «« paper »» 10:14
oil inventories in 810:22
10:30am 11/02/05 U.S. CRUDE STKS UP 2.7 MLN BRLS LAST WK: ENERGY DEPT10:30
U.S. DISTILLATE STKS DOWN 200,000 BRLS: ENERGY DEPT10:31
U.S. GASOLINE STKS UP 1 MLN BRLS: ENERGY DEPT
<NihabaAshi>  Covered YM Short @ 10432.00 --> - 16

Reverse and Enter Long YM @ 10432.00

Exited all YM Long @ 10435.00 --> + 3 10:34
<jimmy>  Shorts ES @ 1209.50 -> large size 10:35
<X>  #FuturesTrades Info -> This room is only for Trade Posting (real or paper) and/or discussions about a posted trade or key market events that could affect a trader's open trade position. LURKING not allowed..strictly enforced.10:36
<danshirley>  Shorts YM @ 10431 «« paper »»
<NihabaAshi>  Long YM @ 10428.00 -> large size

Good chance I may get a short signal in ES :(10:38
<danshirley>  Covered 1/2 YM Short @ 10425 --> + 6 «« paper »»
exit stop moved to breakeven YM @ 10431 «« paper »» 10:39
<jimmy>  Covered 3/4 ES Short @ 1208.50 --> + 1 10:40
<danshirley>  Trailing Stop Hit YM @ 10431 --> 0 «« paper »» 10:41
3 BE stops this morning
<NihabaAshi>  Exited all YM Long @ 10430.00 --> + 2

Shorts YM @ 10432.00 -> large size 10:43

 Covered YM Short @ 10443.00 --> - 11 10:47

 Reverse and Enter Long YM @ 10443.00
<danshirley>  Shorts YM @ 10440 «« paper »» 10:50
<NihabaAshi> Not going to throw any big size at this unless my bread-n-butter signal appears.10:51
<jbraswell>  Covered all ER2 Short @ 650.90 --> - 1.6 10:52
late on that
* StockMaster ----[ buys er2 @ 51.5 small ]----10:53
<Captn>  Shorts ES @ 1211.00 10:55
* StockMaster ----[ sells ER2 @ 52 +0.5 ]----
<NihabaAshi>  Exited all YM Long @ 10444.00 --> + 1 10:56
Needed to dump that so I can start preparing for another trade signal that has a good chance of appearing...didn't want to be confused.10:57
<StockMaster> damm too soon
<danshirley>  Covered all YM Short @ 10444 --> - 4 «« paper »»
<StockMaster> hard market. Oil up stocks up
<Captn>  Covered Remainder ES Short @ 1212.50 --> - 1.5 11:00
<NihabaAshi>  Long YM @ 10452.00 -> large size 11:02
<danshirley> I've stopped fading the move so its sure to turn around now11:09
<StockMaster> hum11:13

ya normaly happens

:)
<danshirley> European mrkts will close up after gaping down11:18
<StockMaster> europe will close positive, then states colapse11:20
<NihabaAshi>  Exited all YM Long @ 10463.00 --> + 11
<StockMaster> europeans are doomed

.)

1600 on NQ seams important

500 YM
<NihabaAshi> Still no bread-n-butter signal to get me throwing a big rock at it.11:21
<StockMaster> er2 diverging a bit agains the HoD11:22

3th touch on BB 3 min chart

may give us something to trade short
<NihabaAshi>  Long YM @ 10465.00 -> large size 11:30
Now I'm loaded.
<StockMaster> long?11:32

hum
<NihabaAshi> All I need is +5 and not expecting more.11:34
Exited all YM Long @ 10471.00 --> + 6 11:35
Stockmaster...you haven't been around for a few days...I've been strongly bullish bias since Oct 28th and will be until Nov 14th based on the FACT (already discussed in here) that the S&P has ALWAYS finished higher since 1990 from when comparing the closing price on Nov 14th to the opening price on Oct 28th.11:37
Simply, I'm playing the odds and nothing more.
<StockMaster> thanks for the explination11:38
<NihabaAshi> And I'm profitable for the day in YM now after taking a big hit in the initial short that should have been small size only.
<StockMaster> though i think this is the market top for today. just a hunch11:39
<NihabaAshi> Same here...another reason why I didn't want to be holding this long too far beyond 10470.
If it does push higher...I think it'll be a nice short squeeze.11:40
<StockMaster> 500 600 YM NQs

so strong levels
<X>  #FuturesTrades Info -> This room is only for Trade Posting (real or paper) and/or discussions about a posted trade or key market events that could affect a trader's open trade position. LURKING not allowed..strictly enforced.11:48
<StockMaster> i don't belive NQ will fail 600 for hald a point12:00
<jbraswell> feels like that short queeze you were talking about niha12:49
<StockMaster> yes12:52
<X>  #FuturesTrades Info -> This room is only for Trade Posting (real or paper) and/or discussions about a posted trade or key market events that could affect a trader's open trade position. LURKING not allowed..strictly enforced.13:00
<NihabaAshi> jb...I didn't think it would go this high today an possibly test the 10500 level for YM.13:03

I thought it was possible before the week was complete...just not today.
<jbraswell> i'm takin' on the chin today13:12
torn here, looks like bull flags on short-term charts, but tough resistance on teh daily
Shorts ER2 @ 655.30 13:31
<codehead> QM under 5913:45
<Captn>  Shorts ES @ 1216.00 13:59
<eminitrader>  Long ES @ 1216.25 14:00
<Captn>  Covered all ES Short @ 1216.75 --> - 0.75 14:04
that was painfull....
<eminitrader>  Exited 1/3 ES Long @ 1217.50 --> + 1.25 14:05
<Captn> gj
<jbraswell> gettin' destroyed here, emini makin' me jealous :)
<eminitrader>  Exited Remainder ES Long @ 1216.25 --> 0 14:06
jb with dow at 75+ and Nas 30 + i would stay away from shorting .. not worth the risk/reward14:08
<X>  #FuturesTrades Info -> This room is only for Trade Posting (real or paper) and/or discussions about a posted trade or key market events that could affect a trader's open trade position. LURKING not allowed..strictly enforced.14:09
<jbraswell> you are probably correct. gotta find a way to properly filter my trade signals with trend w/o missing too many14:11
<eminitrader> yep..i am just trying to find good entries to the buy side unless the trend changes14:15
<jbraswell> what determines the trend for you, emini?14:17
<eminitrader> thx captn
<jbraswell> HHs, HLs?
<Captn> ;)
<eminitrader> as of now i would not short till it breaks 121014:18
<jbraswell> the 50% on the day?14:19
<eminitrader> no that would be support/resistance .. not a confirmation of change of trend..probably good for a quick ct scalp
yep around 55- 60% and confirmation by the breaking of my ma"s. i would also look at one other index for confirmation14:21
<jbraswell> I see, gotha14:22

gotcha
<eminitrader> the other index has the same parameters too meaning same ma's14:23
jb i am talking about change in a trend.. not determing an trend14:27
i mean the initial trend14:29
<jbraswell> then what determines the initial ternd for you?
<eminitrader> a min 7 pt move, breaking of major highs/lows by more than 6-8 ticks14:31
and pa above or below my ma's depending on if trend is to the up or downside14:32
then i would consider my major supp/resistence as my ma's and take the setups based on the patterns14:34
hope this helps :)
<jbraswell> yes, it does. thanks very much?14:35

! I meant
<eminitrader>  Long ES @ 1214.75 14:38
<NihabaAshi> All the longs should be happy today that YM tested 10500...it was a well talked about number for the last few days of trying to guess if it could get there.14:42
<jbraswell>  Covered all ER2 Short @ 657.30 --> - 2 14:47
worst trading day in a long, long time
<eminitrader>  Exited 1/2 ES Long @ 1216.25 --> + 1.5 15:13
<X>  #FuturesTrades Info -> This room is only for Trade Posting (real or paper) and/or discussions about a posted trade or key market events that could affect a trader's open trade position. LURKING not allowed..strictly enforced.15:21
<eminitrader>  Exited 1/3 ES Long @ 1216.75 --> + 2 15:23

 Exited Remainder ES Long @ 1216.25 --> + 1.5 15:25

 Shorts ES @ 1217.25 15:52

 Covered 1/2 ES Short @ 1216.50 --> + 0.75 15:55

 Covered Remainder ES Short @ 1216.75 --> + 0.5 15:58
<X>  #FuturesTrades Info -> This room is only for Trade Posting (real or paper) and/or discussions about a posted trade or key market events that could affect a trader's open trade position. LURKING not allowed..strictly enforced.16:33
<m618> bye all16:51
<X> [NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab17:01
* DisconnectedSession Close: Thu Nov 03 01:59:57 200517:34