Session Start: Mon Nov 07 09:35:42 2005Session Ident: #futurestrades
* Now talking in #futurestrades09:35
<X> [NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab
<mispe> There was a virus this morning from mIRC ???...09:39

Has somebody see something ?09:40

McAffe sent me a warning ...
<NihabaAshi> Not here...
Have you been doing any DCC chatting (not recommended) with anybody.09:41
<mispe> no
<eminitrader> not here either ..have mcafe
<mispe> strange ??09:42
<pdays>  Shorts ER2 @ 661.4 «« paper »» 09:49
<jperl>  Shorts ER2 @ 660.90
<NihabaAshi>  Shorts ES @ 1222.75 -> small size 09:50
* Disconnected 09:53
* Attempting to rejoin channel #futurestrades09:55
* Rejoined channel #futurestrades09:56
<X> [NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab
<danshirley> european mrkts are up and holding10:00
<pdays>  Covered all ER2 Short @ 660.4 --> + 1 «« paper »» 10:01
<NihabaAshi_away>  Covered 1/3 ES Short @ 1221.75 --> + 1 10:04
* NihabaAshi_away is now known as NihabaAshi
<danshirley>  Long YM @ 10551 «« paper »» 10:07
<NihabaAshi>  Covered Remainder ES Short @ 1222.25 --> + 0.5
<danshirley>  Exited 1/2 YM Long @ 10556 --> + 5 «« paper »» 10:08

 exit stop moved to breakeven YM @ 10551 «« paper »» 10:09

 Exited Remainder YM Long @ 10561 --> + 10 «« paper »»
<NihabaAshi>  Shorts ES @ 1221.50 -> large size 10:15
Big boys made their move...I'm trying to hold on and ridy their coatails.10:16
ridy = ride10:17
<mispe>  Shorts YM @ 10549
<eminitrader>  Long ES @ 1221.50 10:18
Exited all ES Long @ 1220.75 --> - 0.75 10:20
<jperl>  Shorts ER2 @ 658.70
<mispe>  Covered 1/2 YM Short @ 10539 --> + 10
<NihabaAshi>  Covered 1/3 ES Short @ 1219.75 --> + 1.75
<mispe>  Covered Remainder YM Short @ 10534 --> + 15 10:21
<NihabaAshi>  exit stop lowered ES @ 1221.25
<jperl>  Covered ER2 Short @ 658.60 --> + 0.1
<NihabaAshi> Nothing beats the liquidity of ES...10:25

Recently on a visit to a friend in Montreal that trades some large sizes in ES...

I watch him get instant fills on 200 contract trades.
<mispe> the big ES ?10:26
<NihabaAshi>  Covered Remainder ES Short @ 1220.75 --> + 0.75 10:27

Emini ES

He also trades large size in the big contract
<mispe> same liquidity ?10:28
<NihabaAshi> No way...

Big as in a few contracts :)

I think I seen him once do 2 contracts in the big contracts.

:)
<Captn> I would never trade the S&P again, that got me out of trading for two years10:29
Thank god for eminis :)
<jbraswell> that's the reason I trade ES. ER2 trades better, but it looks like size of around 50 could cause some execution issues.
<NihabaAshi> I've done some size in ER2 and gotten partial fills during slow times.10:30
<mispe>  Shorts YM @ 10536
<pat255> es atleast give u a few secs to get out if u are wrong er2 willkill u...10:32
<NihabaAshi> Agree...ER2 can be very moody.10:34
<mispe>  Covered all YM Short @ 10535 --> + 1
<danshirley>  Shorts YM @ 10531 «« paper »» 10:39
<mispe>  Shorts YM @ 10532 10:40
<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.10:43
<mispe>  Covered all YM Short @ 10532 --> 0 10:46
<StockMaster> morning10:58
<eminitrader>  Shorts ES @ 1222.50 11:00
<danshirley>  Shorts YM @ 10545 -> Add «« paper »» 11:08
<eminitrader>  Covered 1/2 ES Short @ 1221 --> + 1.5
<jbraswell>  Shorts ES @ 1221.50 11:11
<eminitrader>  Covered Remainder ES Short @ 1220.50 --> + 2 11:12
<danshirley>  Covered 1/2 YM Short @ 10537 --> + 8 «« paper »» 11:13
<NihabaAshi>  Shorts ES @ 1220.00 -> large size
<jbraswell>  Covered all ES Short @ 1220.50 --> + 1 11:15
<NihabaAshi> jb...1221.50 was my trade signal...
got distracted a little and did a late entry.11:16
<jbraswell> ah those late entries. i'm always too scared to take them11:17
<NihabaAshi> I use to get upset at myself about them until I did some stats that showed I had about a 50/50 chance to close the trade at a profit and that overall those types of trades were profitable.11:18
Because of that...I'm no longer afraid of them and just accept them as a small percentage of my overall trades.11:19
<jbraswell> yeah, I guess if you have enough experience with your methods to know the R:R is still good
<jperl>  Shorts ER2 @ 658.40 11:20
<NihabaAshi> However, I need to dump it as soon as a pt1 is reached based on the trade signal at 1221.50 and not based upon my poor entry.11:21
<eminitrader> niha..a quick one ..does time of the trade make a difference to your exits11:23
like i would probably held a lot on the same signal if i had taken it before or after 11-211:24
<jperl>  Covered ER2 Short @ 658.30 --> + 0.1 11:25
<NihabaAshi>  Covered ES Short @ 1222.50 --> - 2.5 11:35
Reverse and Enter Long ES @ 1222.50
[11:23] <eminitrader> niha..a quick one ..does time of the trade make a difference to your exits
Yes...but only when I have a scheduled event (lunch, appointment or something like that).11:36
Then I'll exit a trade early to do such (go to the event).
<eminitrader> ok so it does'nt matter with respect to the mrkt.. thx11:37
<NihabaAshi> No...doesn't matter in respect to the market.
<eminitrader> thx
<NihabaAshi> Sometimes I may exit a profitable trade that I feel like I gotten more out of it then I should have...exit it just prior to a scheduled key economic report release.11:38
Not often...but once in awhile.
<eminitrader> ok its just that my stops cant beat the noise during the lunchtimes11:39
<NihabaAshi> Don't trade during lunchtime :)
<eminitrader> :))
<codehead> we have $59 oil again
<NihabaAshi> I do sometimes but today I won't because I'm going to be doing a lot of personal stuff during lunch.11:40
<mispe>  Long YM @ 10554
Exited 1/2 YM Long @ 10559 --> + 5
<eminitrader>  Shorts ES @ 1222.75 11:41
<mispe>  Exited all YM Long @ 10554 --> 0 11:42
<eminitrader>  Covered 1/3 ES Short @ 1221.75 --> + 1 11:43

 Covered Remainder ES Short @ 1222.75 --> 0 11:45
<mispe>  Long YM @ 10558 11:47
<danshirley> Europe closed up about .6%11:51
<mispe>  Exited all YM Long @ 10561 --> + 3 11:53
<codehead> oil continuing to drop with no bounce11:54

58.6
<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.11:55
<NihabaAshi>  Exited ES Long @ 1220.00 --> - 2.5 11:57

 Reverse and Enter Short ES @ 1220.00

Will correct and then go to lunch...11:58

 Long ES @ 1222.50 -> large size

Exited ES Long @ 1222.00 --> - 0.5 11:59

 Reverse and Enter Short ES @ 1222.00

Heading to lunch with a 1 point stop.

If it hits that stop I'll post a late trade.
* NihabaAshi is now known as NihabaAshi_away12:00
<danshirley>  Shorts YM @ 10557 -> Add «« paper »»
<mispe>  Shorts YM @ 10558 12:02
<pat255>  c u all later thks12:05
<mispe>  Covered all YM Short @ 10558 --> 0 12:09
<juniorinzy>  Shorts ER2 @ 661.4 12:33
<jbraswell>  Shorts ES @ 1222.75 12:34
<juniorinzy>  Covered all ER2 Short @ 660.6 --> + 0.8
<danshirley> I'm working on a traders time machine that will allow you to go back one minute to make the trade you just missed12:44
<jbraswell>  Covered all ES Short @ 1221.50 --> + 1.25 12:45
<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.13:04
<eminitrader>  Long ES @ 1222.75 13:16

oops

 Long ES @ 1221.75

Exited 1/3 ES Long @ 1222.75 --> + 1 13:24
* NihabaAshi_away is now known as NihabaAshi13:34
<NihabaAshi> late post...

 Covered ES Short @ 1223.00 --> - 1 13:35

 Long ES @ 1223.25 -> large size
<eminitrader>  Exited 1/3 ES Long @ 1223.75 --> + 2 13:41
Exited Remainder ES Long @ 1223.75 --> + 2 13:55
hope the consumer report stirs the mrkt !14:07
<danshirley> what report is that?14:08
<NihabaAshi> I don't expect trading (good volatility and signals) to improve until Wednesday in anticipation for the Thursday's key economic reports.14:09
<eminitrader> consumer credit its due @ 3pm
<danshirley> not on my calendar
<eminitrader> http://online.wsj.com/public/resources/d ocuments/b-econoday.htm14:11
<NihabaAshi> I have it on my calendar...could be a mover if the volatility doesn't pick up by then.
<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.14:16
<NihabaAshi>  Exited all ES Long @ 1226.00 --> + 2.75 14:17
I think I'm done for the day and will call it quits with a small lose I won't lose any sleep over.14:18
<eminitrader> patience pateince pateince..nice hold niha :))
<NihabaAshi> Just not in the mental game today after my first two trades.
<eminitrader> have a good rest..14:19
<jbraswell> yep
<NihabaAshi> Been up since 3am est studying Eurex DAX and EuroFX price movements.
<jbraswell>  Long ES @ 1225
<eminitrader>  Shorts ES @ 1225.75 14:23
<jbraswell> you trying to shake me out, emini? >:014:31
grrr
<eminitrader> not at all jb..thats what makes the mrkt buyers and sellers right14:32
<jbraswell> lol. yep
<danshirley> wheres oil gonna close?14:34
<jbraswell> came backa lot. last trade was 59.5014:35
<eminitrader> @ around 59.55
<jbraswell> down $1.08, but about $1 off the low
<danshirley> sometimes a pop at three if Oil has made a sig move
<jbraswell> closed already, one at 2:3014:37
meant "done"14:38
<eminitrader>  Covered all ES Short @ 1225.75 --> 0 14:41

have a good one guys..be back later14:43
<jbraswell> later, dude
<danshirley> is FFT gone? haven't seen him for a while14:50

DEC CRUDE FALLS $1.11, OR 1.8%, TO END AT $59.47/BRL14:52

DEC CRUDE CLOSES AT LOWEST LEVEL SINCE JULY 21
<jbraswell> movin the stop to 1224.75 on this one. looking weak, but still think higher14:54
<danshirley> DEC NATURAL GAS BOUNCES FROM 2-MO LOW TO END AT 1-WK HIGH14:55

consumer credit at 314:57
<jbraswell> hopefully the report won't push me out14:59
<danshirley> bound to be some wiggle with bonds closing at same time15:00

U.S. SEPT. CONSUMER CREDIT FLAT VS. $5.3BLN EXPECTED15:01

U.S. SEPT. REVOLVING CREDIT UP 4.7%

U.S. SEPT. NONREVOLVING CREDIT FALLS 2.8%

not a mrkt mover15:02
<jbraswell>  Exited all ES Long @ 1224.75 --> - 0.25 15:12
<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.15:28

 #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.16:40

 #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.17:52
* DisconnectedSession Close: Mon Nov 07 18:01:40 200518:01