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Dec 1st Thurs 2005 Trade Log

#FuturesTrades is a private and free realtime trading posting room on the IRC Othernet server.

You'll find below the text log of realtime trades that were posted by full-time and part-time traders from around the world. 

Also, if you want to see an example of a prior trading day of what the trades actually look like on a computer screen while using mIRC to communicate with traders from all over the world in #FuturesTrades...click here.


 Session Start: Thu Dec 01 09:12:52 2005Session Ident: #futurestrades
* Now talking in #futurestrades09:12
* Topic is ' #FuturesTrades -> Realtime active trade posting ER2, ES, NQ, YM, Eurex, T-Notes, EuroFX @ http://www.thestrategylab.com/FuturesTra desChatRoom.htm'
* Set by X on Sun Nov 13 22:52:37
<X> [NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab
* X sets mode: +o RacerX
<danshirley> (MarketWatch) - U.S. stocks are set to rebound Thursday from prior-session losses helped by inflation-friendly data, with retailers in focus as investors wade through a raft of November same-store sales reports.09:13
* RacerX sets mode: +v danshirley
<danshirley> construction spending and ISM index at 1009:15
 8:30 data: Personal incomes increased 0.4% in October as expected, after rising 1.7% in September, the Commerce Department said. Real (inflation-adjusted) spending increased 0.1% in October, the first increase in three months. Consumer prices rose 0.1% in October after soaring 0.9% in September.09:16
 first-time claims for state unemployment benefits fell sharply in the latest week, the Labor Department reported09:17
 the European Central Bank raised short-term interest by a quarter percentage point to 2.25%
 we'll se if the gap up will hold today09:18
 :-)
 the euro gapped down09:24
 European mrkts are up erasing almost all of the losses from the last three days09:25
<PapaJon> gm all09:26
* RacerX sets mode: +v PapaJon
<danshirley> we cold see shome short squeeze today

could
<coolweb> heheh yeah09:28
 looks hot
 if I was short overnight
 I would have covered once
 10,847 opened @ 7:0009:29
 well, would have covered @ 10,830 before close, and reshorted at open if avaliable , market doesn't go down that fast :)
<X> [NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab
* X sets mode: +o NihabaAshi
<coolweb> Hey niha
<NihabaAshi> Good morning all.09:30
* RacerX sets mode: +v NihabaAshi
<eminitrader> morn niha
* RacerX sets mode: +v eminitrader
<coolweb> no trades for me now, waiting for my PSP from ups09:31
<NihabaAshi> If anyone want a BIG HINT when to Long or Short the Eminis near the close and hold them overnight into the following trading day for profits...

You need to monitor and maintain stats on the 0830am est key economic reports...
<coolweb> What kind of stats niha09:32
<NihabaAshi> They are KEY to if the Eminis drifts upwards or downwards into that report releases.
<pat255> looking for S this am...c if can get a spike
* RacerX sets mode: +v pat255
<NihabaAshi> coolweb...I don't share my stats...
<coolweb> Niha: no I mean like how the market is reacting or actual numbers
<NihabaAshi> I'm just going to tell you "exactly" what to make stats of.
 Keep track of all the 0830am est key economic reports and you'll learn when to do those overnight holds.09:33
 When to Short and when to go Long.
 Just remember...the European markets have a great impact on the overnight Emini price action.09:34
 Monitor those markets for trade signals in the Eminis overnight price action.09:35
 Almost forgot...keep stats of the Eminis overnight price action leading into the 0745am est ECB Announcments09:37
<jbraswell> Niha, is it just the price action prior to the report, or do you include #'s versus expectations?09:38
<NihabaAshi>  Long YM @ 682.80 -> large size
<WannaBeBOS> YM?09:39
* NihabaAshi sets mode: +v WannaBeBOS
<NihabaAshi> Price is never incorrect...symbol can be incorrect :)
<WannaBeBOS> lol
<eminitrader>  Shorts ES @ 1259.25 09:40
<NihabaAshi> I'm BEARISH bia by the way...won't hold this Long much longer...its obviously fighting the trend.09:41
<jbraswell>  Shorts ES @ 1258.75 09:43
<NihabaAshi> Not getting the drift up I expected to see leading into the 10am est key economic reports...09:45
 Didn't help with the late entry...signal to go Long was at 682.00
<eminitrader>  Shorts ES @ 1261.25 -> Add 09:46
<NihabaAshi>  Exited 2/3 ER2 Long @ 684.40 --> + 1.6
 Now that the VIX/VXN has opened...09:47
<les>  Long ER2 @ 684.7
* RacerX sets mode: +v les
<NihabaAshi> I'm back to NEUTRAL bias.

exit stop raised ER2 @ 683.00 09:48
<les>  Exited 1/2 ER2 Long @ 685.1 --> + 0.4
<jimmy>  Shorts NQ @ 1693 -> large size
* RacerX sets mode: +v jimmy
<jimmy>  exit stop set NQ @ 1698 09:49
<les>  exit stop moved to breakeven ER2 @ 684.7 09:51
<NihabaAshi> EuroFX getting hit hard with the ECB Announcement...first rate hike in years.09:52
<les>  exit stop raised ER2 @ 687.8 09:53
<NihabaAshi>  Exited ER2 Long @ 685.60 --> + 2.8

Holding 1 contract
<les> oops
<jbraswell> nice, Niha
<les>  exit stop raised ER2 @ 684.8 09:54
<danshirley> numbers in 509:55
<NihabaAshi> Thanks Jb.
<les>  exit stop raised ER2 @ 685.1
<NihabaAshi> We have 10am and 1030am est key economic reports today.
 This thing will either push up hard or come down hard...09:56
<jimmy>  exit stop lowered NQ @ 1694.50
<NihabaAshi>  exit stop raised ER2 @ 684.00 09:57
<eminitrader>  Covered ES Short @ 1261.75 --> - 2.5

Reverse and Enter Long ES @ 1261.75
<jbraswell>  Covered all ES Short @ 1260.75 --> - 2
<jimmy>  Trailing Stop Hit NQ @ 1694.50 --> - 1.5
<jbraswell> will try to re-short on the first sign of weakness09:58
<les>  exit stop raised ER2 @ 685.6

Exited Remainder ER2 Long @ 685.6 --> + 0.9 09:59
<danshirley>  U.S. OCT. CONSTRUCTION SPENDING UP 0.7% VS. 0.5% EXPECTED10:00
 U.S. NOV. ISM MANUFACTURING INDEX 58.1% VS 59.1% IN OCT.10:01
  U.S. NOV. ISM MANUFACTURING INDEX ABOVE 57.8% CONSENSUS
 U.S. NOV. ISM PRICES 74.0% VS 84.0% IN OCT.10:02
<jbraswell>  Shorts ES @ 1261.25 10:04
<danshirley>  Shorts YM @ 10904 «« paper »»
<pdays>  Shorts ER2 @ 685.7 «« paper »» 10:05
* RacerX sets mode: +v pdays
<jimmy>  Shorts NQ @ 1696 -> large size 10:06
<danshirley>  Covered 1/2 YM Short @ 10894 --> + 10 «« paper »» 10:07
<jimmy>  exit stop set NQ @ 1699
<eminitrader>  Exited all ES Long @ 1260.75 --> - 1.5
<danshirley>  exit stop moved to breakeven YM @ 10904 «« paper »» 10:08
<jimmy>  Trailing Stop Hit NQ @ 1699 --> - 3 10:11
<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.10:20
<les>  Shorts ER2 @ 685.5 10:22
<NihabaAshi>  exit stop raised ER2 @ 684.80 10:23

If I get stopped out on that remainder...10:24

My trading day is done...will spend the remainder of the day hanging out in my Photo Darkroom...got a lot of negatives to develop.10:25
<danshirley>  Covered Remainder YM Short @ 10894 --> + 10 «« paper »»
 stalling
<les>  Covered 1/2 ER2 Short @ 685 --> + 0.5 10:30
<NihabaAshi>  Trailing Stop Hit ER2 @ 684.80 --> + 2 10:31
<jbraswell>  Shorts ES @ 1260.25 -> Add 10:32
<les>  exit stop moved to breakeven ER2 @ 685.5 10:33
  Trailing Stop Hit ER2 @ 685.5 --> 0 10:39
<jbraswell>  Covered all ES Short @ 1262.25 --> - 3 10:57

f*$%10:58

Long ES @ 1263 11:08

last trade for today if this doesn't work out. Now bracing for the upward crawl.
<coolweb> hey jbras
 here SPX is up 12 points already..11:09
<jbraswell> yes

so are the futures
<pdays>  Covered all ER2 Short @ 687.7 --> - 2 «« paper »» 11:10
<coolweb> not much left to go up IMO

won't go down either , chop city
<PapaJon> jeeze louise... keeps on pushin.. amzing11:11
<jbraswell> why do you think that, cool?
<coolweb> jbraswell: which part? the chop?11:13
<danshirley> ..11:15
* NihabaAshi sets mode: +v danshirley
<jbraswell> yes
<coolweb> all indexes are now up 1.2% (nasdaq) .91% (S&P) , .82% (INDU) , how much percentage it has left, max like .25% S&P .1% nasdaq, dowjones .4% so reward isn't that good, but i don't know what you are risking so..11:19
 the people putting on positions right now, either already have positions grandfathered earlier, to not care about the chop11:20
 or are people just trying to get on the ride, but players won't let you get on the ride easily
 thats just my thought process though :) you may have a different one11:21
<danshirley> europe hs had a good day and is closing way up
<jbraswell> well, you may well be right. i'll stop out a little below 1259.50.11:23
<coolweb> personally, I don't know where the market is going at any time, I just think in probabilities, market is random many of the times, it may go up for you, I dunno, but I wouldn't bet the farm11:24
<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.11:32
<danshirley>  DEC GOLD HITS FRESH 18-YEAR HIGH OF $502.40/OZ11:34
<szubaark_> im not gonna scalp this for frikin 3 ticks11:44
 these tight ranges are best to left alone
<pat255>  k guys c u all later ..ty all12:06
<coolweb> i might short small12:09
 maybe not
* coolweb goes back to looking for cool timer count downs :)12:10
<coolweb> this market is going down though12:20
 i wait
 looking for the injured indu missing a a bar :D
<les> take care12:28

oops
* NihabaAshi is now known as NihabaAshi_away12:39
<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.12:41
<szubaark_> Slow, controlled upmove with no entry to get in LOL13:08
<coolweb> waiting for the PSP :) who has one13:15

this rally just rallied straight back into chop zone :) all good13:16
<eminitrader> PSP ?13:17
 is it ESP !
<coolweb> Sony PSP :) hehe13:18
<eminitrader> lol
<jbraswell>  Exited all ES Long @ 1265.75 --> + 2.75

Long ER2 @ 690.50
<eminitrader> u got patience jb nice one13:19
<jbraswell> yeah, but I may have made a bad swith to er213:20

saw a setup there, and since it's been stronger these past few days, figured I'd switch my exposure
<eminitrader> have a tight stop ..switch back to ES :))
<jbraswell> yeah, i'll dump at 689.4013:21

i find that my trading is like the january effect. If the first trade of the day is a loser, I usually end the day down. If first trade winner, I usually end up.13:23

don't know if it's psychological, or the nature of the day versus my methods.
<eminitrader> me says purely pyschological13:24
<jbraswell> yeah, I think that's more likely
<eminitrader> used to happen to me too..but like niha says i prefer to have my losers in the am than the pm13:25
<jbraswell> why? do you find the afternoon moves faster?13:26

(damn, and there goes ES leading ER2 now)

looking for 691.80 on er213:27

Exited all ER2 Long @ 691.20 --> + 0.7 13:37
* WannaBeBOS is now known as BOS-break
<jbraswell> perhaps too quick, but I was just informed we're at ER2 high

probably silly to put my target 6 ticks above that
<eminitrader> back now..no its just that it makes it easier to get back the losses13:41
<danshirley> think they've swept all the stops yet?13:45
<eminitrader> the shorts ?13:47
<jbraswell> well, they certainly swept mine13:50
<eminitrader> swing trade ?
<danshirley> given the daily chart as of yesterday afternoon there were bound to be a boodle of stops beween 1700 and 1710 on the NQ for example. It was just too tempting not to sweep them13:52
<jbraswell> no, I just meant from this morning, joking13:53
<danshirley> theyv'e moslt been triggered..but could be some more

mostly
<jbraswell> i'm not sure what to do here. Looks like I should jump back long
<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.
<jbraswell> but I might just wait it out. I've pared my losses from this morning pretty well so far13:55
<eminitrader>  Long ES @ 1265.75 14:01
<jbraswell>  Long ER2 @ 690.60 14:10
<coolweb>  Shorts NQ @ 10937 14:11

small

bored :D stop 10938 now at stop 1093714:12
<jbraswell>  Exited all ER2 Long @ 689.60 --> - 1 14:14
<eminitrader>  Exited all ES Long @ 1265.25 --> - 0.5
<jbraswell>  see if we come back to the first trading range of the day 14:15
<coolweb>  Covered all NQ Short @ 10937 --> 0 14:18

waste, will re-enter tomorrow, got to get some work done 14:19
<eminitrader>  Long ES @ 1266 14:21
<danshirley>  SOXX way up today...topped 500 14:24
<jbraswell>  Long ES @ 1266 14:29
<eminitrader>  Exited ES Long @ 1265.75 --> - 0.25 14:34

Reverse and Enter Short ES @ 1265.75

Covered all ES Short @ 1266.25 --> - 0.5 14:43
<PapaJon>  wow... er2 is sumtin today 14:45
<jbraswell>  yeah, it's a real humdinger 14:46
<PapaJon>  makes me wish i was better at position trades 14:47
* BOS-break  is now known as WannaBeBOS 14:48
<coolweb>  ER2 14:53
 moved 10 points today?
<PapaJon>  more 14:54
<coolweb>  10 ticks per point, thats quite a move
<PapaJon>  678 low
<coolweb>  shorts on ER2 got super owned :D 14:55
<PapaJon>  all session low

tell me bout it

a great white took a bite outta my arse .. spit it out .. then handed it to me.
<coolweb>  hehehe 14:56
<PapaJon>  i have managed to get some of it back.. but still in red today
<coolweb>  nice good job :) 14:57
<PapaJon>  :(.. not really.. still in red

but tnx anyway
<jbraswell>  come sit next to me in the red box, papa
<PapaJon>  hehe.. you and me jb 14:58

wha wha wha
<jbraswell>  alright, bonds done. let's see some action 15:00
 UNLEASH THE PROFIT BEAST! 15:03
<coolweb>  hahahah 15:04
<PapaJon>  jeeze.. moon target 15:05
<coolweb>  KILL THE SHORTS :)
<PapaJon>  lol
<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.
<PapaJon>  or as Frank would say... "Holy Crap"
<jbraswell>  this beast not as ferocious as I was hoping so far 15:08
<PapaJon>  like tony the tigers nephew? 15:09
 grrrr
 my short signal... not gonna take tho 15:10
 prolly regret it
<jbraswell>  Exited all ES Long @ 1266 --> 0 15:18
<PapaJon>  yep.. regretting it now 15:19
<coolweb>  heheh
<jbraswell>  hold you regret for now, Papa. That may have been just to get rid of folks like me 15:20
 out of curiosity, emini, when you were long about an hour ago, what made you reverse and go short? 15:24
<eminitrader>  basically taking too long to move thought the buyers were drying up..no setup just a hunch 15:33
<jbraswell>  okay, thx 15:34
<PapaJon>  SOMEbody has been sucking helium! 15:35

this mkt is too much 15:36
<jbraswell>  i guess it just got light headed 15:41
<PapaJon>  yah.. with no warning.. :( 15:42
<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. 16:14
* Austin.TX.US.Othernet.org  sets mode: +v jbraswell 16:22
* Channel.Services.Othernet.org  sets mode: +o X 16:23
* X  changes topic to ' #FuturesTrades -> Realtime active trade posting ER2, ES, NQ, YM, Eurex, T-Notes, EuroFX @ http://www.thestrategylab.com/FuturesTra desChatRoom.htm'
* DisconnectedSession  Close: Thu Dec 01 16:48:01 2005 16:48

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