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Dec 8th 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 08 07:22:45 2005Session Ident: #futurestrades

* Now talking in #futurestrades 07:22

* 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

<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. 08:15

<coolweb> hmm 09:05

hi guys

<mispe> gm all 09:06

* RacerX sets mode: +v mispe

<coolweb> mispe, whats your commission rate? 09:07

<mispe> I am with IB USD 2.4 per contract 09:09

<coolweb> man

thats a rip 09:10

you know I Was just looking at my statements

my commissions are 1/2 my losts when I breakeven

spent like $302 in commission yesterday

yesteday wasn't breakeven though

I was looking around for better rates 09:11

thinking of using openecry or transact

and buying a membership

mispe: you thought about that?

<mispe> Yes of course but I always thought that IB was one of the cheapest 09:12

<coolweb> mispe: if you don't use IB for a reason

transactfutures offers YM trading for $1.50 per side $3 per roundtrip

I use them mainly for buttontrader, but I will switch to ninjatrader

<mispe> I have ninjatrader 09:13

<coolweb> you should call up transactfutures

$3 per roundtrip

<mispe> OK

<coolweb> well I'm calling them up today

and openecry

I'm going to be buying a membership instead of leasing one though 09:15

its $1000 per application fee

if you are leasing thats like what 10x the $160 a month?

it comes down to 09:16

$1.30 per ROUNDTRIP / .75 cents per side, once you are a memember of CBOT

<mispe> Will Ninja work with them ? 09:18

<coolweb> with who?

<mispe> transactfutures and opencry 09:19

<coolweb> yep

should

they all use patsystem

<mispe> Ok in this case yes 09:20

<danshirley> .. 09:21

* RacerX sets mode: +v danshirley

<danshirley> U.S. stocks are poised to open slightly higher as investors ponder market levels after a nearly five-week rally, with the semiconductor sector expected to find support in good news from Texas Instruments and Xilinx Inc.

The Labor Department reported that first-time filings for state unemployment benefits rose 6,000 to 327,000 in the latest week, marking the highest level since the week to Nov 19 09:22

TOLL Brothers gave projections below consensus 09:24

consumer sent at 9:45, Wholesale inv at 10 09:26

<TLTrader> today? 09:27

* RacerX sets mode: +v TLTrader

<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.

<danshirley> that's what my schedule says 09:29

<PapaJon> thats tomorrow 09:30

* RacerX sets mode: +v PapaJon

<PapaJon> gm all 09:31

<danshirley> geez...you're right I thought it was friday

<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

<PapaJon> Remember all... today Roll Over your contracts

ds.. i do that all the time.. lol

<danshirley> nothing at 10 today.. sorry

European mrkts are down slightly after mostly closing a gap down 09:34

semi's in play 09:36

<NihabaAshi> Shorts ES @ 1265.50 -> small size

* RacerX sets mode: +v NihabaAshi

<danshirley> i'm short the euro

<mispe> Hi Niha what contract ? 09:37

<pat255> gm all 09:38

* RacerX sets mode: +v pat255

<NihabaAshi> What do you mean by what contract...there's a few point difference between the 5Z and 6H contract... 09:40

<danshirley> new contract is trading thin 09:41

<NihabaAshi> I'm obviously trading the 6H contract.

<szubaark_> Shorts YM @ 10790

* RacerX sets mode: +v szubaark_

<pat255> yes very thin ...dang

<NihabaAshi> exit stop moved to breakeven ES @ 1265.50

<danshirley> out th eeuro

euro 09:42

<mispe> thks Nioha 09:44

Niha

<NihabaAshi> mispe...its thin so far...be careful...could get jumpy going into the 1030am est Natural GAS Status Report. 09:45

exit stop lowered ES @ 1265.25 09:46

Covered 1/3 ES Short @ 1264.25 --> + 1.25

Looks like the Market Volatility Index gap down at its open is going to be the killer on my remainders :( 09:48

Trailing Stop Hit ES @ 1265.25 --> + 0.25 09:49

<coolweb> we are on the low of the selling channel right now 09:52

for $INDU

might see more chop 09:53

<NihabaAshi> Shorts ES @ 1263.75 -> large size 09:54

<pdays> Shorts ER2 @ 687.20 «« paper »» 10:02

* RacerX sets mode: +v pdays

<coolweb> I have a feeling we might even pop up , lets test this new idea I have

ok looking to go short as well 10:03

ok market changes swiftyly :) 10:05

yesterday would have shorted YM here (smaller size though), today no more, chop city 10:09

only person who loves me trading right here are my broker who doesn't even answer my phone calls :D

<NihabaAshi> Euro just popped 10:11

I'm too slow to trade it :)

exit stop lowered ES @ 1264.50 10:15

Don't like what the Eminis trying to do here...tighten up my stop because of such. 10:17

<coolweb> yah

bullish hammer trying to make its way :D , although theres some hugely bullish hammers on $INDU

<NihabaAshi> Looking to dump this if I can "escape" with a tick or so as a profit.

Covered all ES Short @ 1264.25 --> - 0.5 10:20

<jbraswell> Shorts ER2 @ 688.40 10:21

<NihabaAshi> Euro pre Natural Gas Report reaction is what I was looking for yesterday prior to the EIA Petroleum Report...didn't happen :( 10:22

<szubaark_> heheh.. they not gonna shake me out that easy, i got some filters in place. 10:29

Before, i would have been in and out 3-4 times already. my broker calling me how much he wants to be my friend. 10:30

<jbraswell> natty # slightly bearish 10:31

-59

natty up, tho 10:32

<NihabaAshi> Shorts ES @ 1264.00 -> large size

<danshirley> U.S. NATURAL GAS STKS DOWN 59 BLN CUBIC FT: ENERGY DEPT

<pdays> Covered all ER2 Short @ 688.20 --> - 1 «« paper »» 10:33

<eminitrader> Shorts ES @ 1264

* RacerX sets mode: +v eminitrader

<jbraswell> Covered all ER2 Short @ 689.20 --> - 0.8 10:35

<NihabaAshi> Nice contract change over day so far :( 10:38

Should'uv stayed in bed and showed up for the afternoon trading session. 10:39

<coolweb> szu: you forgot to roll over :)?

<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.

<szubaark_> yep :)

thats alright still see some action in december contract 10:40

<eminitrader> Covered all ES Short @ 1265.25 --> - 1.25 10:44

<NihabaAshi> Covered ES Short @ 1265.50 --> - 1.5

Reverse and Enter Long ES @ 1265.50

Long ES @ 1266.00 -> Add 10:45

<szubaark_> Covered 1/2 YM Short @ 10803 --> - 13

Long YM @ 10805

<NihabaAshi> No way that could have been stop runner.

<danshirley> TICK over 900 10:47

<szubaark_> Niha what do u mean? 10:49

<coolweb> stop runners don't buy 2000 contracts :) 10:50

on ym

<mispe> Shorts YM @ 10868

<szubaark_> cool was that you putting on SIZE? 10:51

<NihabaAshi> Exited 1/3 ES Long @ 1267.00 --> + 1

<coolweb> that was me sitting on my ass doing nothing :))

Shorts NQ @ 10867 10:52

10867 stop 10:53

<mispe> Covered 1/2 YM Short @ 10863 --> + 5

<NihabaAshi> Coolweb...exactly...also it sliced right through the 1265.00 like a hot knife in butter...big boys decided to buy.

It also occurred about the same time when the volume in Euro begin decreasing fast...

<danshirley> Shorts YM @ 10862 «« paper »» 10:54

<NihabaAshi> If big boys are involved...this will pop to the upside at least one more time.

<mispe> Covered Remainder YM Short @ 10861 --> + 7 10:55

<NihabaAshi> If they weren't involved...this should just gradually drift back down and test the intraday lows within the next hour.

<coolweb> Covered all NQ Short @ 10866 --> + 1 10:57

mispe: btw good cover

mispe: was looking to cover half but didn't get the chance 10:58

<mispe> yes

<szubaark_> Exited 1/2 YM Long @ 10820 --> + 15 10:59

<NihabaAshi> Exited 1/3 ES Long @ 1269.25 --> + 3.75

Still holding 3 contracts 11:00

exit stop raised ES @ 1268.50 11:01

I entered today with a Bearish Bias but the Market Volatility Index price action at its Open pushed me to a current Neutral Bias. 11:04

<mispe> Shorts YM @ 10886 11:05

Covered all YM Short @ 10890 --> - 4 11:06

<NihabaAshi> Exited ES Long @ 1270.75 --> + 5.25 11:07

Holding 2 contracts

<pat255> gl vn niha

<NihabaAshi> No technical analysis involved...it was my quick smell of big boy action. 11:08

<jbraswell> Long ES @ 1268

<NihabaAshi> :)

<jbraswell> late on that, got caught up with some stuff

<pat255> but how niha? just sensed it

<coolweb> kick ass niha :)

<NihabaAshi> First...there was a 1030am est Natural GAS Report the market was trying to digest... 11:09

<WannaBeBOS> nice call niha

* RacerX sets mode: +v WannaBeBOS

<NihabaAshi> Second, the volume in Euro started dropping off...

Third...ES sliced right through its 1265 area on some volume...very easy and super fast...someone or many wanted in and just steam rolled through the stops in that area... 11:10

Type of price action that freezes traders. 11:11

exit stop raised ES @ 1269.00

<szubaark_> and DONT forget opening Chop for an hour to make sure YOU ARE FLAT before the breakout.. 11:12

<NihabaAshi> Yep :(\

<PapaJon> new alltime highs for er2... again

and nq.. evidently 11:13

<mispe> Shorts YM @ 10892

<NihabaAshi> That chop almost kepted me on the sidelines...it actually forced me out of my second trade a little early.

<jbraswell> Exited all ES Long @ 1269.37 --> + 1.37 11:18

whoops

Exited all ES Long @ 1270.50 --> + 2.5 11:19

<szubaark_> Exited all YM Long @ 10839 --> + 34 11:20

<WannaBeBOS> awesome baark 11:22

<NihabaAshi> I'm still holding my Eminisbecause Euro volatility and volume is slowing. 11:25

<szubaark_> thanx..

<NihabaAshi> I should be ok as long as the volatility or volume doesn't pick up dramatically in Euro.

If it does...that would imply to me that the big boys have been moving back-n-forth between the Eminis and Euro. 11:26

Guessing they can't multi-task too well...they can only do one or the other :) 11:27

<mispe> Niha Why today specially ? 11:29

<NihabaAshi> Don't know...was expecting it yesterday and it didn't happen.

However, yesterday I was not expecting Euro to go up...I was expecting it to do the complete opposite of what it is doing today. 11:31

Just to keep some things in perspective that my analysis about the direction was incorrect in comparing today and yesterday. 11:32

<pat255> but niha eur up mkt up many times i notice they move the opposite way ...not today? 11:33

<NihabaAshi> pat255...when comparing the Eminis with Euro...

Don't look at the actual price...that's not where the correlation is at.

Instead...look at the volatility, momentum or volume... 11:34

That's where there's an "inverse" relationship.

Reason why some get confused when both Euro and Eminis are basically moving in the same direction.

<pat255> k i c ...ty will look at that ... 11:35

<NihabaAshi> However, via a closer inspection...their volatilitym momentum or volume spikes didn't occur at the same time.

Exited ES Long @ 1271.50 --> + 6

Holding only 1 contract

<pat255> nice

<NihabaAshi> Euro volatility still down for the past 9 mins. 11:36

<mispe> Covered all YM Short @ 10897 --> - 5

<NihabaAshi> Exited Remainder ES Long @ 1272.25 --> + 6.75 11:38

<eminitrader> nice one niha

<jbraswell> nice, niha & szu

<NihabaAshi> Euro is essentially FLAT for the past 12 mins.

<eminitrader> yeah szu did't see your post very nice :) 11:39

<mispe> <NihabaAshi> That's where there's an "inverse" relationship.... 11:41

But what about the direction ?? 11:42

I mean wht indication for the direction of the market ?

<NihabaAshi> mispe...my comments are for when bothe the Euro and Eminis are moving in the same direction... 11:43

Same with trading days where Treasuries and the Eminis are moving in the same direction. 11:44

Most traders are learning/taught that there's an "inverse" actual price relationship.

However, on trading days like today...there really isn't an "inverse" price relationship. 11:45

Reason is because that "inverse" stuff has shifted into the volatility or momentum or volume while prices for both are essentially moving in the same direction. 11:46

I only notice this on key economic report days.

Today is a picture perfect example of the volatility "inverse" relationship between the Eminis and Euro while prices overall are moving in the same direction... 11:48

UP.

<mispe> What can you deduct for trading ?/ 11:49

<NihabaAshi> Helps with riding a trend...not exiting too early.

<mispe> k 11:50

<NihabaAshi> mispe...see comments I'm about to post in the other room.

<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. 11:51

<mispe> Shorts YM @ 10899 11:53

Covered 1/2 YM Short @ 10895 --> + 4 11:55

Covered Remainder YM Short @ 10898 --> + 1 12:04

Have to leave bye

<NihabaAshi> Looks like the volatility across the board for all has died... 12:12

Heading to lunch. 12:13

* NihabaAshi is now known as NihabaAshi_away

<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. 13:03

<jbraswell> Long ES @ 1267.25 13:06

<coolweb> hahah 13:10

today is a lesson

<PapaJon> its weird lately... seems that many days.. large moves occur during lunch... %)

<coolweb> papajon: lunch times are usually the best moves imo 13:11

<PapaJon> not normally cw

used to be that lunchtime was duldrums and chop

higher risk trading

<coolweb> I see

<PapaJon> but lately... not so

<coolweb> i'm goign to write up more alerts 13:12

<PapaJon> what lang u writing in... ts8 ezlang? 13:13

<coolweb> sitting around surfing websites popping almonds, doesn't work for catching good moves :)

yeah easylanguage

<PapaJon> gotcha

you ever write any .efs stuff?

<coolweb> esignal nah 13:14

<PapaJon> k

<coolweb> my stuff is in illegible wannabe programmer code, I don't really code well :)

<PapaJon> me neither

if all i had goin on was trading.. then maybe i would take time to learn 13:15

<WannaBeBOS> PJ, i do a lot of efs scripts 13:16

<PapaJon> yah... cool 13:17

WannaBeBOS... see pm 13:21

<coolweb> Shorts NQ @ 10841 13:28

shitty entry but thats life 13:29

stop 10841

stop 10840 13:31

lame entry gets lame stops

got to pay for commission as well, no member rates yet

* NihabaAshi_away is now known as NihabaAshi

<NihabaAshi> Coolweb...I'm about to post something very FUNNY in #EminiFutures...please read. 13:32

<coolweb> Covered all NQ Short @ 10841 --> 0

lame entry as I said :)

new idea -> higher risk entries -> faster profit taking. 13:38

because end of the trends

are dangerous

to entery 13:39

<TLTrader> Long YM @ 10841 -> small size 13:42

* NihabaAshi is now known as NihabaAshi_away

<coolweb> Shorts NQ @ 10842 13:48

small

<TLTrader> Exited all YM Long @ 10841 --> + 46

should be +0 13:49

<coolweb> stop 10841 13:50

decent entry this time so bit more relaxed

1/2 contracts stop 1039 13:51

10839

all stop moved to 10839 13:52

i want to see big ol ym break 10839

* coolweb cries

<coolweb> :)

looking to reneter

loser 13:53

Covered all NQ Short @ 10839 --> + 3

ym is angry at shorts now 13:55

very angry

looing to short 13:56

I think

ok nevermind

markets very angry

rabid dog 13:57

looking to short rabid dog I think 13:59

rabid dog too choppy, I stand aside for now who knows what he'll do 14:02

probably run up to kill shorts again :) I'm starting to think mrs market has a bias 14:03

<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. 14:12

<coolweb> hehe scalping 3 ticks 14:17

<danshirley> Covered Remainder YM Short @ 10822 --> + 40 «« paper »»

<PapaJon> nice one ds... :) 14:18

<coolweb> very nice :)

<danshirley> prob a lot more to go from the looks of the daily 14:19

<coolweb> Shorts NQ @ 10824 14:25

risk

risky

10825 stop

not stopped out 10824 stop we see 14:26

actally no

10823 stop

man these are bad trades 14:28

good thing I'm trading small size :D

Covered all NQ Short @ 10822 --> + 2 14:29

ok enough , time to go print somestuff

<substanz> hi all ! 14:30

* RacerX sets mode: +v substanz

<coolweb> heya 14:31

<jbraswell> Exited all ES Long @ 1263 --> - 4.25 14:37

<PapaJon> HEY.. someone new to abuse... "substanz abuse".... bada bing 14:41

<GoodMood> Long YM @ 10761 14:43

* RacerX sets mode: +v GoodMood

<substanz> [Test-Out: 1000 +3]

* RacerX sets mode: +v substanz

<GoodMood> Long YM @ 10755 -> Add 14:56

<danshirley> Long YM @ 10818 «« paper »» 15:01

Exited 1/2 YM Long @ 10828 --> + 10 «« paper »» 15:03

<GoodMood> Exited all YM Long @ 10771 --> + 26 15:05

<jbraswell> Long ER2 @ 687.20

Exited all ER2 Long @ 687.70 --> + 0.5

<danshirley> Exited Remainder YM Long @ 10821 --> + 3 «« paper »» 15:06

<substanz> Long ES @ 10815 «« Scalp »» 15:10

test !

<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. 15:24

<GoodMood> Shorts YM @ 10756 15:30

Covered all YM Short @ 10770 --> - 14 15:36

* NihabaAshi_away is now known as NihabaAshi 16:04

<substanz> [Test-Out: 1000 +4] 16:20

Long YM @ 10806 «« Scalp »» 16:21

test !

Exited all YM Long @ 10806 test ! --> + 10806 test ! - 10806 «« Scalp »» 16:22

[Test-Out: 1000 +151] 16:28

[Test-Out: 1000 +152]

[ YM-Long : 10805 w/ 1 cont. ] Sim 16:29

[ YM-Out : 0 10795 -10 ] Sim 16:30

[ YM-Short: 10801 w/ 1 cont. ] Sim 16:31

[ YM-Out : 1 10796 +5 ] Sim 16:32

[ YM-Long : 10793 w/ 1 cont. ] Sim 16:33

Long YM @ 10793 «« Scalp »» 16:34

test ! test !

Long YM @ 10793 «« Scalp »»

[ YM-Out : 1 10797 +4 ] Sim 16:36

<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.

<substanz> Long YM @ 10798 «« testing »» 16:37

Exited all YM Long @ 10799 --> + 1 «« testing »»

Long YM @ 10798 «« paper »»

Exited all YM Long @ 10798 --> 0 «« paper »» 16:38

<RacerX> Hi substanz... 16:56

Welcome and thanks for testing to ensure that the trade posting script works ok. 16:57

Take care and see you next time.

<substanz> thank you RacerX

<RacerX> I'm also NihabaAshi (on my other computer right now)... 16:58

<substanz> Ah ok !

<RacerX> You'll see me in here tomorrow as NihabaAshi and as RacerX.

<substanz> I am new here

<RacerX> I use the RacerX computer to log all the chat rooms I'm in as NihabaAshi.

Then to continue to log the other rooms when I log off the other computer as NihabaAshi. 16:59

<substanz> oki

<RacerX> How's the weather in France ?

<substanz> assez froid :) 17:00

you are from quebec ?

<RacerX> Yes...cold here too...not a lot of snow because it melted most of it last week.

Very unusual because we usually have about 2 feet of snow by this time. 17:01

Only just a few inches now.

Gotta go...having an early dinner and then spouse, toddler and I going for a walk to look at all the christmas lights. 17:02

<substanz> ok 17:03

good bye nihaabashi

good promenade 17:04

* DisconnectedSession Close: Thu Dec 08 17:06:49 2005 17:06

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	Session Start: Thu Dec 08 07:22:45 2005Session Ident: #futurestrades
* Now	talking in #futurestrades	07:22
* 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
<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.	08:15
<coolweb>	hmm	09:05
	hi guys
<mispe>	gm all	09:06
* RacerX	sets mode: +v mispe
<coolweb>	mispe, whats your commission rate?	09:07
<mispe>	I am with IB USD 2.4 per contract	09:09
<coolweb>	man
	thats a rip	09:10
	you know I Was just looking at my statements
	my commissions are 1/2 my losts when I breakeven
	spent like $302 in commission yesterday
	yesteday wasn't breakeven though
	I was looking around for better rates	09:11
	thinking of using openecry or transact
	and buying a membership
	mispe: you thought about that?
<mispe>	Yes of course but I always thought that IB was one of the cheapest	09:12
<coolweb>	mispe: if you don't use IB for a reason
	transactfutures offers YM trading for $1.50 per side $3 per roundtrip
	I use them mainly for buttontrader, but I will switch to ninjatrader
<mispe>	I have ninjatrader	09:13
<coolweb>	you should call up transactfutures
	$3 per roundtrip
<mispe>	OK
<coolweb>	well I'm calling them up today
	and openecry
	I'm going to be buying a membership instead of leasing one though	09:15
	its $1000 per application fee
	if you are leasing thats like what 10x the $160 a month?
	it comes down to	09:16
	$1.30 per ROUNDTRIP / .75 cents per side, once you are a memember of CBOT
<mispe>	Will Ninja work with them ?	09:18
<coolweb>	with who?
<mispe>	transactfutures and opencry	09:19
<coolweb>	yep
	should
	they all use patsystem
<mispe>	Ok in this case yes	09:20
<danshirley>	..	09:21
* RacerX	sets mode: +v danshirley
<danshirley>	U.S. stocks are poised to open slightly higher as investors ponder market levels after a nearly five-week rally, with the semiconductor sector expected to find support in good news from Texas Instruments and Xilinx Inc.
	The Labor Department reported that first-time filings for state unemployment benefits rose 6,000 to 327,000 in the latest week, marking the highest level since the week to Nov 19	09:22
	TOLL Brothers gave projections below consensus	09:24
	consumer sent at 9:45, Wholesale inv at 10	09:26
<TLTrader>	today?	09:27
* RacerX	sets mode: +v TLTrader
<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.
<danshirley>	that's what my schedule says	09:29
<PapaJon>	thats tomorrow	09:30
* RacerX	sets mode: +v PapaJon
<PapaJon>	gm all	09:31
<danshirley>	geez...you're right I thought it was friday
<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
<PapaJon>	Remember all... today Roll Over your contracts
	ds.. i do that all the time.. lol
<danshirley>	nothing at 10 today.. sorry
	European mrkts are down slightly after mostly closing a gap down	09:34
	semi's in play	09:36
<NihabaAshi>	Shorts ES @ 1265.50 -> small size
* RacerX	sets mode: +v NihabaAshi
<danshirley>	i'm short the euro
<mispe>	Hi Niha what contract ?	09:37
<pat255>	gm all	09:38
* RacerX	sets mode: +v pat255
<NihabaAshi>	What do you mean by what contract...there's a few point difference between the 5Z and 6H contract...	09:40
<danshirley>	new contract is trading thin	09:41
<NihabaAshi>	I'm obviously trading the 6H contract.
<szubaark_>	Shorts YM @ 10790
* RacerX	sets mode: +v szubaark_
<pat255>	yes very thin ...dang
<NihabaAshi>	exit stop moved to breakeven ES @ 1265.50
<danshirley>	out th eeuro
	euro	09:42
<mispe>	thks Nioha	09:44
	Niha
<NihabaAshi>	mispe...its thin so far...be careful...could get jumpy going into the 1030am est Natural GAS Status Report.	09:45
	exit stop lowered ES @ 1265.25	09:46
	Covered 1/3 ES Short @ 1264.25 --> + 1.25
	Looks like the Market Volatility Index gap down at its open is going to be the killer on my remainders :(	09:48
	Trailing Stop Hit ES @ 1265.25 --> + 0.25	09:49
<coolweb>	we are on the low of the selling channel right now	09:52
	for $INDU
	might see more chop	09:53
<NihabaAshi>	Shorts ES @ 1263.75 -> large size	09:54
<pdays>	Shorts ER2 @ 687.20 «« paper »»	10:02
* RacerX	sets mode: +v pdays
<coolweb>	I have a feeling we might even pop up , lets test this new idea I have
	ok looking to go short as well	10:03
	ok market changes swiftyly :)	10:05
	yesterday would have shorted YM here (smaller size though), today no more, chop city	10:09
	only person who loves me trading right here are my broker who doesn't even answer my phone calls :D
<NihabaAshi>	Euro just popped	10:11
	I'm too slow to trade it :)
	exit stop lowered ES @ 1264.50	10:15
	Don't like what the Eminis trying to do here...tighten up my stop because of such.	10:17
<coolweb>	yah
	bullish hammer trying to make its way :D , although theres some hugely bullish hammers on $INDU
<NihabaAshi>	Looking to dump this if I can "escape" with a tick or so as a profit.
	Covered all ES Short @ 1264.25 --> - 0.5	10:20
<jbraswell>	Shorts ER2 @ 688.40	10:21
<NihabaAshi>	Euro pre Natural Gas Report reaction is what I was looking for yesterday prior to the EIA Petroleum Report...didn't happen :(	10:22
<szubaark_>	heheh.. they not gonna shake me out that easy, i got some filters in place.	10:29
	Before, i would have been in and out 3-4 times already. my broker calling me how much he wants to be my friend.	10:30
<jbraswell>	natty # slightly bearish	10:31
	-59
	natty up, tho	10:32
<NihabaAshi>	Shorts ES @ 1264.00 -> large size
<danshirley>	U.S. NATURAL GAS STKS DOWN 59 BLN CUBIC FT: ENERGY DEPT
<pdays>	Covered all ER2 Short @ 688.20 --> - 1 «« paper »»	10:33
<eminitrader>	Shorts ES @ 1264
* RacerX	sets mode: +v eminitrader
<jbraswell>	Covered all ER2 Short @ 689.20 --> - 0.8	10:35
<NihabaAshi>	Nice contract change over day so far :(	10:38
	Should'uv stayed in bed and showed up for the afternoon trading session.	10:39
<coolweb>	szu: you forgot to roll over :)?
<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.
<szubaark_>	yep :)
	thats alright still see some action in december contract	10:40
<eminitrader>	Covered all ES Short @ 1265.25 --> - 1.25	10:44
<NihabaAshi>	Covered ES Short @ 1265.50 --> - 1.5
	Reverse and Enter Long ES @ 1265.50
	Long ES @ 1266.00 -> Add	10:45
<szubaark_>	Covered 1/2 YM Short @ 10803 --> - 13
	Long YM @ 10805
<NihabaAshi>	No way that could have been stop runner.
<danshirley>	TICK over 900	10:47
<szubaark_>	Niha what do u mean?	10:49
<coolweb>	stop runners don't buy 2000 contracts :)	10:50
	on ym
<mispe>	Shorts YM @ 10868
<szubaark_>	cool was that you putting on SIZE?	10:51
<NihabaAshi>	Exited 1/3 ES Long @ 1267.00 --> + 1
<coolweb>	that was me sitting on my ass doing nothing :))
	Shorts NQ @ 10867	10:52
	10867 stop	10:53
<mispe>	Covered 1/2 YM Short @ 10863 --> + 5
<NihabaAshi>	Coolweb...exactly...also it sliced right through the 1265.00 like a hot knife in butter...big boys decided to buy.
	It also occurred about the same time when the volume in Euro begin decreasing fast...
<danshirley>	Shorts YM @ 10862 «« paper »»	10:54
<NihabaAshi>	If big boys are involved...this will pop to the upside at least one more time.
<mispe>	Covered Remainder YM Short @ 10861 --> + 7	10:55
<NihabaAshi>	If they weren't involved...this should just gradually drift back down and test the intraday lows within the next hour.
<coolweb>	Covered all NQ Short @ 10866 --> + 1	10:57
	mispe: btw good cover
	mispe: was looking to cover half but didn't get the chance	10:58
<mispe>	yes
<szubaark_>	Exited 1/2 YM Long @ 10820 --> + 15	10:59
<NihabaAshi>	Exited 1/3 ES Long @ 1269.25 --> + 3.75
	Still holding 3 contracts	11:00
	exit stop raised ES @ 1268.50	11:01
	I entered today with a Bearish Bias but the Market Volatility Index price action at its Open pushed me to a current Neutral Bias.	11:04
<mispe>	Shorts YM @ 10886	11:05
	Covered all YM Short @ 10890 --> - 4	11:06
<NihabaAshi>	Exited ES Long @ 1270.75 --> + 5.25	11:07
	Holding 2 contracts
<pat255>	gl vn niha
<NihabaAshi>	No technical analysis involved...it was my quick smell of big boy action.	11:08
<jbraswell>	Long ES @ 1268
<NihabaAshi>	:)
<jbraswell>	late on that, got caught up with some stuff
<pat255>	but how niha? just sensed it
<coolweb>	kick ass niha :)
<NihabaAshi>	First...there was a 1030am est Natural GAS Report the market was trying to digest...	11:09
<WannaBeBOS>	nice call niha
* RacerX	sets mode: +v WannaBeBOS
<NihabaAshi>	Second, the volume in Euro started dropping off...
	Third...ES sliced right through its 1265 area on some volume...very easy and super fast...someone or many wanted in and just steam rolled through the stops in that area...	11:10
	Type of price action that freezes traders.	11:11
	exit stop raised ES @ 1269.00
<szubaark_>	and DONT forget opening Chop for an hour to make sure YOU ARE FLAT before the breakout..	11:12
<NihabaAshi>	Yep :(\
<PapaJon>	new alltime highs for er2... again
	and nq.. evidently	11:13
<mispe>	Shorts YM @ 10892
<NihabaAshi>	That chop almost kepted me on the sidelines...it actually forced me out of my second trade a little early.
<jbraswell>	Exited all ES Long @ 1269.37 --> + 1.37	11:18
	whoops
	Exited all ES Long @ 1270.50 --> + 2.5	11:19
<szubaark_>	Exited all YM Long @ 10839 --> + 34	11:20
<WannaBeBOS>	awesome baark	11:22
<NihabaAshi>	I'm still holding my Eminisbecause Euro volatility and volume is slowing.	11:25
<szubaark_>	thanx..
<NihabaAshi>	I should be ok as long as the volatility or volume doesn't pick up dramatically in Euro.
	If it does...that would imply to me that the big boys have been moving back-n-forth between the Eminis and Euro.	11:26
	Guessing they can't multi-task too well...they can only do one or the other :)	11:27
<mispe>	Niha Why today specially ?	11:29
<NihabaAshi>	Don't know...was expecting it yesterday and it didn't happen.
	However, yesterday I was not expecting Euro to go up...I was expecting it to do the complete opposite of what it is doing today.	11:31
	Just to keep some things in perspective that my analysis about the direction was incorrect in comparing today and yesterday.	11:32
<pat255>	but niha eur up mkt up many times i notice they move the opposite way ...not today?	11:33
<NihabaAshi>	pat255...when comparing the Eminis with Euro...
	Don't look at the actual price...that's not where the correlation is at.
	Instead...look at the volatility, momentum or volume...	11:34
	That's where there's an "inverse" relationship.
	Reason why some get confused when both Euro and Eminis are basically moving in the same direction.
<pat255>	k i c ...ty will look at that ...	11:35
<NihabaAshi>	However, via a closer inspection...their volatilitym momentum or volume spikes didn't occur at the same time.
	Exited ES Long @ 1271.50 --> + 6
	Holding only 1 contract
<pat255>	nice
<NihabaAshi>	Euro volatility still down for the past 9 mins.	11:36
<mispe>	Covered all YM Short @ 10897 --> - 5
<NihabaAshi>	Exited Remainder ES Long @ 1272.25 --> + 6.75	11:38
<eminitrader>	nice one niha
<jbraswell>	nice, niha & szu
<NihabaAshi>	Euro is essentially FLAT for the past 12 mins.
<eminitrader>	yeah szu did't see your post very nice :)	11:39
<mispe>	<NihabaAshi> That's where there's an "inverse" relationship....	11:41
	But what about the direction ??	11:42
	I mean wht indication for the direction of the market ?
<NihabaAshi>	mispe...my comments are for when bothe the Euro and Eminis are moving in the same direction...	11:43
	Same with trading days where Treasuries and the Eminis are moving in the same direction.	11:44
	Most traders are learning/taught that there's an "inverse" actual price relationship.
	However, on trading days like today...there really isn't an "inverse" price relationship.	11:45
	Reason is because that "inverse" stuff has shifted into the volatility or momentum or volume while prices for both are essentially moving in the same direction.	11:46
	I only notice this on key economic report days.
	Today is a picture perfect example of the volatility "inverse" relationship between the Eminis and Euro while prices overall are moving in the same direction...	11:48
	UP.
<mispe>	What can you deduct for trading ?/	11:49
<NihabaAshi>	Helps with riding a trend...not exiting too early.
<mispe>	k	11:50
<NihabaAshi>	mispe...see comments I'm about to post in the other room.
<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.	11:51
<mispe>	Shorts YM @ 10899	11:53
	Covered 1/2 YM Short @ 10895 --> + 4	11:55
	Covered Remainder YM Short @ 10898 --> + 1	12:04
	Have to leave bye
<NihabaAshi>	Looks like the volatility across the board for all has died...	12:12
	Heading to lunch.	12:13
* NihabaAshi	is now known as NihabaAshi_away
<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.	13:03
<jbraswell>	Long ES @ 1267.25	13:06
<coolweb>	hahah	13:10
	today is a lesson
<PapaJon>	its weird lately... seems that many days.. large moves occur during lunch... %)
<coolweb>	papajon: lunch times are usually the best moves imo	13:11
<PapaJon>	not normally cw
	used to be that lunchtime was duldrums and chop
	higher risk trading
<coolweb>	I see
<PapaJon>	but lately... not so
<coolweb>	i'm goign to write up more alerts	13:12
<PapaJon>	what lang u writing in... ts8 ezlang?	13:13
<coolweb>	sitting around surfing websites popping almonds, doesn't work for catching good moves :)
	yeah easylanguage
<PapaJon>	gotcha
	you ever write any .efs stuff?
<coolweb>	esignal nah	13:14
<PapaJon>	k
<coolweb>	my stuff is in illegible wannabe programmer code, I don't really code well :)
<PapaJon>	me neither
	if all i had goin on was trading.. then maybe i would take time to learn	13:15
<WannaBeBOS>	PJ, i do a lot of efs scripts	13:16
<PapaJon>	yah... cool	13:17
	WannaBeBOS... see pm	13:21
<coolweb>	Shorts NQ @ 10841	13:28
	shitty entry but thats life	13:29
	stop 10841
	stop 10840	13:31
	lame entry gets lame stops
	got to pay for commission as well, no member rates yet
* NihabaAshi_away	is now known as NihabaAshi
<NihabaAshi>	Coolweb...I'm about to post something very FUNNY in #EminiFutures...please read.	13:32
<coolweb>	Covered all NQ Short @ 10841 --> 0
	lame entry as I said :)
	new idea -> higher risk entries -> faster profit taking.	13:38
	because end of the trends
	are dangerous
	to entery	13:39
<TLTrader>	Long YM @ 10841 -> small size	13:42
* NihabaAshi	is now known as NihabaAshi_away
<coolweb>	Shorts NQ @ 10842	13:48
	small
<TLTrader>	Exited all YM Long @ 10841 --> + 46
	should be +0	13:49
<coolweb>	stop 10841	13:50
	decent entry this time so bit more relaxed
	1/2 contracts stop 1039	13:51
	10839
	all stop moved to 10839	13:52
	i want to see big ol ym break 10839
* coolweb	cries
<coolweb>	:)
	looking to reneter
	loser	13:53
	Covered all NQ Short @ 10839 --> + 3
	ym is angry at shorts now	13:55
	very angry
	looing to short	13:56
	I think
	ok nevermind
	markets very angry
	rabid dog	13:57
	looking to short rabid dog I think	13:59
	rabid dog too choppy, I stand aside for now who knows what he'll do	14:02
	probably run up to kill shorts again :) I'm starting to think mrs market has a bias	14:03
<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.	14:12
<coolweb>	hehe scalping 3 ticks	14:17
<danshirley>	Covered Remainder YM Short @ 10822 --> + 40 «« paper »»
<PapaJon>	nice one ds... :)	14:18
<coolweb>	very nice :)
<danshirley>	prob a lot more to go from the looks of the daily	14:19
<coolweb>	Shorts NQ @ 10824	14:25
	risk
	risky
	10825 stop
	not stopped out 10824 stop we see	14:26
	actally no
	10823 stop
	man these are bad trades	14:28
	good thing I'm trading small size :D
	Covered all NQ Short @ 10822 --> + 2	14:29
	ok enough , time to go print somestuff
<substanz>	hi all !	14:30
* RacerX	sets mode: +v substanz
<coolweb>	heya	14:31
<jbraswell>	Exited all ES Long @ 1263 --> - 4.25	14:37
<PapaJon>	HEY.. someone new to abuse... "substanz abuse".... bada bing	14:41
<GoodMood>	Long YM @ 10761	14:43
* RacerX	sets mode: +v GoodMood
<substanz>	[Test-Out: 1000 +3]
* RacerX	sets mode: +v substanz
<GoodMood>	Long YM @ 10755 -> Add	14:56
<danshirley>	Long YM @ 10818 «« paper »»	15:01
	Exited 1/2 YM Long @ 10828 --> + 10 «« paper »»	15:03
<GoodMood>	Exited all YM Long @ 10771 --> + 26	15:05
<jbraswell>	Long ER2 @ 687.20
	Exited all ER2 Long @ 687.70 --> + 0.5
<danshirley>	Exited Remainder YM Long @ 10821 --> + 3 «« paper »»	15:06
<substanz>	Long ES @ 10815 «« Scalp »»	15:10
	test !
<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.	15:24
<GoodMood>	Shorts YM @ 10756	15:30
	Covered all YM Short @ 10770 --> - 14	15:36
* NihabaAshi_away	is now known as NihabaAshi	16:04
<substanz>	[Test-Out: 1000 +4]	16:20
	Long YM @ 10806 «« Scalp »»	16:21
	test !
	Exited all YM Long @ 10806 test ! --> + 10806 test ! - 10806 «« Scalp »»	16:22
	[Test-Out: 1000 +151]	16:28
	[Test-Out: 1000 +152]
	[ YM-Long : 10805 w/ 1 cont. ] Sim	16:29
	[ YM-Out : 0 10795 -10 ] Sim	16:30
	[ YM-Short: 10801 w/ 1 cont. ] Sim	16:31
	[ YM-Out : 1 10796 +5 ] Sim	16:32
	[ YM-Long : 10793 w/ 1 cont. ] Sim	16:33
	Long YM @ 10793 «« Scalp »»	16:34
	test ! test !
	Long YM @ 10793 «« Scalp »»
	[ YM-Out : 1 10797 +4 ] Sim	16:36
<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.
<substanz>	Long YM @ 10798 «« testing »»	16:37
	Exited all YM Long @ 10799 --> + 1 «« testing »»
	Long YM @ 10798 «« paper »»
	Exited all YM Long @ 10798 --> 0 «« paper »»	16:38
<RacerX>	Hi substanz...	16:56
	Welcome and thanks for testing to ensure that the trade posting script works ok.	16:57
	Take care and see you next time.
<substanz>	thank you RacerX
<RacerX>	I'm also NihabaAshi (on my other computer right now)...	16:58
<substanz>	Ah ok !
<RacerX>	You'll see me in here tomorrow as NihabaAshi and as RacerX.
<substanz>	I am new here
<RacerX>	I use the RacerX computer to log all the chat rooms I'm in as NihabaAshi.
	Then to continue to log the other rooms when I log off the other computer as NihabaAshi.	16:59
<substanz>	oki
<RacerX>	How's the weather in France ?
<substanz>	assez froid :)	17:00
	you are from quebec ?
<RacerX>	Yes...cold here too...not a lot of snow because it melted most of it last week.
	Very unusual because we usually have about 2 feet of snow by this time.	17:01
	Only just a few inches now.
	Gotta go...having an early dinner and then spouse, toddler and I going for a walk to look at all the christmas lights.	17:02
<substanz>	ok	17:03
	good bye nihaabashi
	good promenade	17:04
* DisconnectedSession	Close: Thu Dec 08 17:06:49 2005	17:06