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Dec 5th Mon 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: Mon Dec 05 08:29:36 2005Session Ident: #futurestrades
* Now talking in #futurestrades08:29
* 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 Thu Dec 01 16:23:28
<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
<pat255> gm Niha ...08:33
* RacerX sets mode: +v pat255
<pat255> eur ranging bet 1.17 & 1.18
<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.09:03
* jbraswell_gone is now known as jbraswell09:23
<danshirley> ..09:28
* RacerX sets mode: +v danshirley
<danshirley> U.S. stock futures were range bound as oil prices topped $60 a barrel and the dollar gained vs. the yen, though deal news could spark some interest as Boston Scientific proposed to acquire Guidant Corp. for roughly $25 billion in cash and stock.09:29
<X> [NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab09:30
* X sets mode: +o NihabaAshi
<NihabaAshi> I have a BULLISH bias so far today...may change later in the trading day.09:34
* RacerX sets mode: +v NihabaAshi
<NihabaAshi> BULLISH bias for ER2, ES and NQ...09:35
 NEUTRAL bias for YM
<danshirley> ISM services at 1009:44
<szubaark_> ..09:45
* NihabaAshi sets mode: +v szubaark_
<eminitrader>  Long ES @ 1263.25 09:48
* RacerX sets mode: +v eminitrader
<danshirley> crude back above $6009:50
<NihabaAshi> NEUTRAL bias on ER2, ES, NQ and YM
<danshirley> European mtkts are within friday's range09:52
<mispe>  Shorts YM @ 10870 09:57
* RacerX sets mode: +v mispe
<mispe>  Covered all YM Short @ 10864 --> + 6 10:00
<danshirley> U.S. NOV. ISM SERVICES INDEX 58.5% VS. 59.2% EXPECTED10:01
 U.S. NOV. ISM PRICES PAID INDEX 74.2 VS. 78.010:02
<eminitrader>  Exited all ES Long @ 1263.25 --> 0
<danshirley>  Shorts YM @ 10862 «« paper »» 10:03
<NihabaAshi>  Shorts ER2 @ 687.20 -> small size 10:05
<danshirley>  Covered 1/2 YM Short @ 10852 --> + 10 «« paper »»
  exit stop moved to breakeven YM @ 10862 «« paper »» 10:06
<NihabaAshi>  Covered 2/3 ER2 Short @ 686.60 --> + 0.6 10:09

exit stop lowered ER2 @ 687.10 10:10
<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.10:12
<danshirley>  exit stop lowered YM @ 10846 «« paper »» 10:17
<jbraswell>  Shorts ER2 @ 684 10:22
* RacerX sets mode: +v jbraswell
<jbraswell> just trying to jump on board here. tight stop, just over last 3min bar
<danshirley>  Covered Remainder YM Short @ 10641 --> + 221 «« paper »» 10:23

Covered Remainder YM Short @ 10841 --> + 21 «« paper »» 10:24

:-)
<mispe> good anyway
  Long YM @ 10840 10:31
  Exited all YM Long @ 10837 --> - 3 10:35
<danshirley> Calpine being delisted10:39
<jbraswell> i'm good at finding S/R. Unfortunately, I always find it from the wrong side.10:50
 :)10:51
 here we go, poke my head outta water
<NihabaAshi>  Covered Remainder ER2 Short @ 682.90 --> + 4.3 10:57
<PapaJon> nice niha10:58
* RacerX sets mode: +v PapaJon
<pat255> vn Niha ...:)
<NihabaAshi> :)
<jbraswell> yeah, super10:59
  Covered all ER2 Short @ 683.30 --> + 0.7 11:04
  Shorts ES @ 1259.75 11:05
 trying something new with ES, an opening range breakout-type trade
 will focus more on ER2 for the rest of my trades11:06
<danshirley> the former dean of Stanford Law School, Kathleen Sullivan, failed the California bar exam11:07

:-)
<mispe>  Long YM @ 10839
<jbraswell>  Shorts ES @ 1260.75 -> Add 11:16
<mispe>  Exited 1/2 YM Long @ 10854 --> + 15 11:23
<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.11:24
<mispe>  Exited Remainder YM Long @ 10846 --> + 7 11:33
<coolweb> waiting to go short11:50
* NihabaAshi sets mode: +v coolweb
<coolweb>  Shorts NQ @ 10848 11:51

risky11:52

10849 stop

10848 stop11:53

bathroom

1084811:57

Covered all NQ Short @ 10848 --> 0 11:58
<szubaark_> .11:59
* RacerX sets mode: +v szubaark_
<coolweb>  Shorts NQ @ 10846 12:01
 trading messy
 grr
<szubaark_> 1 tick Stop?12:02
<coolweb> 10846 stop , trading too messy12:03
<szubaark_>  Shorts YM @ 10836 12:05
<coolweb>  Covered all NQ Short @ 10838 --> + 8 12:07
 I mean
 1/2
  Covered 1/2 NQ Short @ 10838 --> + 8 12:08
 going to fix this messiness today, need some pre-alerts
 Today is a continatuion day12:09
 GOing to start defining what kind of day each day is
 reversal, continuation , chop12:10
 different entry methods for each day seems to be required12:11
 szu: YM needs to drop below 1083712:13
<szubaark_> cool lets wait and see, all u can do12:17
<coolweb2>  exit stop set NQ @ 10844
* RacerX sets mode: +v coolweb2
<coolweb2> ah NQ close to death spiral12:19
 I wish NQ a good luck in hell :)12:20
 ok maybe not
 ah still close
 love how the market likes to flip in a few seconds, flip flip flip12:21
<szubaark_> it does it the test your emotions, can u handle it or u gonna Bail?
<coolweb2> oh
 doesn't bother me at all, I didn't enter there :)12:22
 it does this where many enter, you need to enter safer higher where few enters
<szubaark_> its prolly at some minor support here thats why its flipping, but i dont care12:23
<coolweb2> anytime after a 10 point drop , the enter risk becomes higher because everybody wants to get in, got to get in before the 10+ point drops12:24
 impossible to risk control with chop
<szubaark_> yup u gotta get in where the patterns are not seen yet by the whole world

now every Joe outhere is Horting this pullback so we prolly going higher hehe12:25
<coolweb2> hehe
 not yet, it's still bearish
 10844
 is where you should stop out
<szubaark_> Why Bearish? gimme reasons12:26
<coolweb2> long term = bear
 long term (daily and +)
 shrot term 3 min = bear
 10844
 right now12:27
<szubaark_> WRONG. 1) We coudnt close Gap at opening=bearish 2)10 AM Support never got tested yet12:28
<coolweb2> well there are many reasons you can go bear
 which is why you see many people buying at all different crazy areas :) I just stick with my reasons, they backtested very well
 opening gap thing is an after the fact btw , you can't use that in trading12:29
 need to know before12:30
<szubaark_> notice on every small down tick, buyers step in trying to tke it higher, Stop us out
<coolweb2> 10844 stopped out12:31
  Covered all NQ Short @ 10844 --> + 2
<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.12:33
<coolweb2> I'll re-enter later , this market ready to take out shorts
 shorting should have been done around 9:37-10:00
 for continuatipon day12:34
 continuation days do not test anything.
 this market is going to pop12:35
 cover
<szubaark_> no volume to this, just floor boys fishing for Stops12:36
<GoodMood>  Long YM @ 10845 «« paper »»
* RacerX sets mode: +v GoodMood
<coolweb2> could be
<GoodMood>  Exited all YM Long @ 10853 --> + 8 «« paper »» 12:38
<coolweb2> scalpers moving the market
 instutions following up
<szubaark_>  Covered all YM Short @ 10860 --> - 24

not worth trading this low volume crap12:39
<GoodMood> low vol ?12:40
<szubaark_> cool thats what u get looking for Pullbacks :)))

they will whack ya more often then not.
<coolweb2> szu, the thing is, you shouldn't worry if its scalpers or instutions running stops, if a stop is ran, thats a sign of issues, some stops should never be ran if its ran and touched, its going to be ran again12:41
 more of a probability thing then an exact thing12:42
 though
 I'm looking to go short in 20 minutes.12:43
 let me go backtest
<GoodMood>  Shorts YM @ 10857 «« paper »» 12:50
<coolweb>  Shorts NQ @ 10858 13:08
* NihabaAshi sets mode: +v coolweb
<coolweb> bad server
 stop 1085813:11
* NihabaAshi sets mode: +v coolweb
<coolweb> buttontraders's break entry is odd
 ADD 1085613:12
 wgats13:29
* RacerX sets mode: +v coolweb
<coolweb> whats worng with this server
<GoodMood> I got disconnected13:30
* RacerX sets mode: +v GoodMood
<coolweb>  Shorts NQ @ 10856

this server is poo13:31

GOodMood: I think we are the only two on poo servers

this market is going down13:32

who's going to sing silent night to him
<GoodMood> "Stille Nacht - Heilige Nacht"13:35
<coolweb> hahahae in german!13:36
<GoodMood> :-)
<NihabaAshi> Reminder: I will be deleting all the ezboard user names from #FuturesTrades access list later this week to get rid of all the excess (none-users) names...13:37

If you still want to use #FuturesTrades...just send me a quick email to questions@thestrategylab.com13:38

However, some in here right now are using the same names as their ezboard names...I can keep you on the access list...example...szubaark, jbraswell, PapaJon ect.13:39
<GoodMood> just sent you my request eMail13:40
<NihabaAshi> Reason why I'm doing this is because I have 225 traders on #FuturesTrades access list and we only average about 15-20 regular users.
<coolweb> 10845 broken13:41
 very important
<GoodMood> why ?13:42

Fibo 38% ?13:43
<coolweb> they are fighting for that point right now, above 10846 rally, under 10844 oblivion
 nah, just general price action13:44
 on 3 min
<GoodMood> aha, WRB-opens ?
<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.13:45
<coolweb> back to 10844 :)13:48

scalpers move the market, but can't confirm it

need instutions to confirm, except no big lot player are going to confirm anything right now13:49

fighting for 50ma

just lost

longs owned13:50

lost 10844, serious damage time get ready13:51

stop 10846
<NihabaAshi> President Bush live speech is done...maybe the market will get busy again.
<coolweb> btw i didn't get stopped out for 1084613:53

moved stopp 100851

lets get ready to rumble , down girl down13:54

Covered 1/3 NQ Short @ 10835 --> + 21 13:55

Covered 1/3 NQ Short @ 10836 --> + 20
<GoodMood> you mean YM instead of NQ13:56
<coolweb> yep13:57

swing trade13:59

set it and forget it
<NihabaAshi> coolweb...there's an ezboard name called "coolweb2"...is that you ???14:10
<coolweb> yep

thats me :)

we have 18 more points14:12

to drop

on YM

lets get going YM

10800

%INDU14:13

you guys ever hear of this story14:14

thats something14:15
<jbraswell> hey, cool. I gotta TS question for you (I just got it)14:35
<NihabaAshi> I have everybody in #FuturesTrades setup now except for WannaBeBOS...I can't remember his ezboard user name.14:36
<coolweb>  Covered 1/2 NQ Short @ 10832 --> + 24
<NihabaAshi> WannaBeBOS...send me a pm or email with your ezboard user name so I add it back on the #FuturesTrades access list.
<coolweb2> grr14:48
* RacerX sets mode: +v coolweb2
* coolweb2 makes a note, close edonkey whentrading14:49
<coolweb2> i'm rady to go short14:51

eeaduy

ready
<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.14:57
<NihabaAshi> Reminder for Treasury traders: Contract changover is now 6H...no long 5Z.15:03

meant...no longer 5Z
<coolweb2>  Shorts NQ @ 10842 15:07
 LOVE IT
 no more trading15:11
<NihabaAshi> Currently I have a BEARISH bias on ER2, ES, NQ, YM and most likely will carry this bias into tomorrow's open.15:14
<coolweb2> same hgere15:15
<coolweb> covered all 1084815:38
* NihabaAshi sets mode: +v coolweb
<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.16:06
<jbraswell>  Covered all ES Short @ 1263.75 --> - 7 16:13
* NihabaAshi is now known as NihabaAshi_away16:30
* DisconnectedSession Close: Mon Dec 05 16:35:16 200516:35

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