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Dec 13th Tues 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: Tue Dec 13 08:38:07 2005Session Ident: #futurestrades

* Now talking in #futurestrades 08:38

* 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 Dec 11 22:17:07

<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> .. 09:11

* RacerX sets mode: +v danshirley

<danshirley> FOMC day...market my be 'subdued' until 2:15 09:13

Bus. inventories at 10 09:14

U.S. retail sales increased a modest 0.3% for the third straight month in November, as a rebound in auto sales offset a big decline in gasoline, the Commerce Department said Tuesday. 09:16

U.S. stock futures are pointing to a flat to higher open Tuesday after an upbeat profit outlook from Procter & Gamble, but the market is likely to tread cautiously ahead of a Federal Reserve decision on interest rates. 09:17

Mkt looking for a 'change in language' to indicate rate rises are close to an end

european mrkts are very slightly higher 09:20

SIRI rated as sell by Banc of America 09:22

:)

<X> [NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab 09:30

* X sets mode: +o NihabaAshi

<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. 09:34

<NihabaAshi> Long ER2 @ 693.80 -> small size

* RacerX sets mode: +v NihabaAshi

<NihabaAshi> I have a Bullish Trend bias...not sure how long this bias will last. 09:35

<mispe> Shorts YM @ 10823 09:37

* NihabaAshi sets mode: +v mispe

<mispe> Covered 1/2 YM Short @ 10817 --> + 6 09:38

<NihabaAshi> Exited ER2 Long @ 693.30 --> - 0.5

Reverse and Enter Short ER2 @ 693.30

<szubaark_> Shorts YM @ 10815 09:40

* RacerX sets mode: +v szubaark_

<mispe> Covered Remainder YM Short @ 10815 --> + 8

<NihabaAshi> Still waiting for the VIX/VXN/VXO to open to organize my position sizing. 09:42

0945am est

<mispe> VXO what's that ? 09:43

<NihabaAshi> VXO is the old VIX 09:44

Trailing Stop Hit ER2 @ 693.30 --> 0 09:48

Incorrect...

It's a stop lower...

exit stop lowered ER2 @ 694.30 09:49

<szubaark_> Covered all YM Short @ 10821 --> - 6 09:50

<mispe> Shorts YM @ 10821

<szubaark_> Long YM @ 10821

<NihabaAshi> exit stop lowered ER2 @ 694.00 09:51

exit stop lowered ER2 @ 693.80 09:53

Trailing Stop Hit ER2 @ 693.80 --> - 0.5 09:54

<substanz> Shorts YM @ 10819 «« paper »» 09:56

* RacerX sets mode: +v substanz

<mispe> Covered 1/2 YM Short @ 10816 --> + 5 09:57

Covered Remainder YM Short @ 10815 --> + 6 09:58

<NihabaAshi> Long ER2 @ 693.50 -> large size 10:01

<danshirley> U.S. OCT. INVENTORIES UP 0.3% VS. 0.5% EXPECTED 10:02

<NihabaAshi> :(

<danshirley> U.S. OCT. SALES UP 0.8%, BIGGEST GAIN SINCE JULY

<substanz> Covered all YM Short @ 10825 --> - 6 «« paper »»

<danshirley> U.S. OCT. INVENTORY-SALES RATIO STAYS AT RECORD LOW 1.25

<eminitrader> Shorts ES @ 1269.25 10:04

* RacerX sets mode: +v eminitrader

<danshirley> Shorts YM @ 10826 «« paper »» 10:05

<pdays> Shorts ER2 @ 693.7 «« paper »» 10:06

* RacerX sets mode: +v pdays

<mispe> Shorts YM @ 10827

<les> Shorts ER2 @ 693.3 10:07

* RacerX sets mode: +v les

<substanz> Shorts YM @ 10825 «« paper »»

<szubaark_> RED ALERTK4

<mispe> time to go long 10:08

<NihabaAshi> So far...Er2 not responding

<mispe> Covered all YM Short @ 10827 --> 0

<szubaark_> NQ stealing the show 10:09

<NihabaAshi> Exited all ER2 Long @ 693.50 --> 0 10:11

<danshirley> Covered 1/2 YM Short @ 10820 --> + 6 «« paper »»

exit stop moved to breakeven YM @ 10826 «« paper »»

<substanz> Covered all YM Short @ 10819 --> + 6 «« paper »»

<eminitrader> Covered 1/2 ES Short @ 1268.75 --> + 0.5 10:12

Covered Remainder ES Short @ 1269.25 --> 0

<danshirley> Trailing Stop Hit YM @ 10826 --> 0 «« paper »»

<les> Covered all ER2 Short @ 694.1 --> - 0.8 10:14

<szubaark_> Exited 1/2 YM Long @ 10831 --> + 10 10:16

<mispe> Long YM @ 10830

Exited 1/2 YM Long @ 10835 --> + 5 10:18

<NihabaAshi> ER2 still not able to keep up :(

<mispe> Exited Remainder YM Long @ 10835 --> + 5 10:19

<danshirley> Shorts YM @ 10833 «« paper »»

<mispe> Shorts YM @ 10833 10:20

<danshirley> exit stop set YM @ 10839 «« paper »»

Covered 1/2 YM Short @ 10828 --> + 5 «« paper »» 10:21

<mispe> Covered 1/2 YM Short @ 10828 --> + 5

<danshirley> exit stop moved to breakeven YM @ 10833 «« paper »»

<mispe> Covered Remainder YM Short @ 10831 --> + 2 10:22

Long YM @ 10828 10:25

<szubaark_> Exited all YM Long @ 10827 --> + 6

Shorts YM @ 10826

<jperl> I love it... 10:26

* RacerX sets mode: +v jperl

<jperl> 1 YM long, 1 YM short

<danshirley> exit stop lowered YM @ 10830 «« paper »»

<mispe> Exited all YM Long @ 10824 --> - 4

<NihabaAshi> Shorts ER2 @ 693.00 -> large size 10:32

Tough tough trading...then again it is FOMC day :) 10:34

<danshirley> Covered Remainder YM Short @ 10824 --> + 9 «« paper »» 10:38

TICK reversing

<TLTrader> Long YM @ 10826 -> small size 10:39

* RacerX sets mode: +v TLTrader

<TLTrader> scalp

<szubaark_> Covered all YM Short @ 10828 --> - 2 10:42

no momentum

<jperl> all YM moves have been oscillations about the VWAP 10:43

<NihabaAshi> So far...its a scalpers day and I'm unwilling to go that route even when I was at a +0.40 profit on all my trades today. 10:44

<jperl> see Ym chart....

<pdays> Covered all ER2 Short @ 692.9 --> + 0.8 «« paper »»

<NihabaAshi> Thus, most likely this is my last trade until this afternoon. 10:45

<jperl> http://www.charts.dacharts.com/2005-12-1 3/JPERL_011.png

<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. 10:46

<TLTrader> Exited all YM Long @ 10828 --> + 2

not what i had in mind but it's struggling

<jperl> same oscillations in ER2... 10:51

http://www.charts.dacharts.com/2005-12-1 3/JPERL_012.png

<cwb2> short 10825 11:01

* RacerX sets mode: +v cwb2

<cwb2> exit 10827 -02 11:02

no more trading before fomc hehe

<NihabaAshi> ER2 being a little booger today :( 11:05

<jbraswell> yeah, I got smoked early on, didn't even have time to post my losses... 11:07

down $300

<cwb2> short 10823 11:18

small

exit 10824 -01 11:20

<NihabaAshi> Anyone else has YM stuck around 10823 ??? 11:28

<jperl> yes

<NihabaAshi> Ok...wasn't sure if I was having some data problems. 11:29

<jperl> now 10825

<cwb2> shortn 10822 11:34

hmm whats wrong with futures 11:35

trading on cash today, thing doesn't follow

exit 10825 - 3 , thats not good 11:37

<NihabaAshi> Covered all ER2 Short @ 693.50 --> - 0.5 11:44

I've lost my patience, will head out for an early lunch with the spouse. Thus, intentionally covering my Short at a loss eventhough its not near my stop of 694.30 11:45

Target on that short was 691.80 or a pt2

<substanz> Shorts YM @ 10830 «« paper »»

* NihabaAshi is now known as NihabaAshi_lunch

<eminitrader> Shorts ES @ 1270.75 11:47

Covered ES Short @ 1271.25 --> - 0.5 11:48

Reverse and Enter Long ES @ 1271.25

Exited ES Long @ 1271.25 --> 0 11:50

Reverse and Enter Short ES @ 1271.25

<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. 11:58

<cwb2> Shorts ES @ 10836 12:00

Covered 3/4 ES Short @ 10837 --> - 1 12:03

Shorts ES @ 10837 12:06

Covered all ES Short @ 10839 --> - 2 12:11

<substanz> Covered all YM Short @ 10841 --> - 11 «« paper »» 12:12

<cwb2> market reprimandations for shorting tops

:)

was looking for a 7 tick retrace, market didn't even give that that 12:13

Shorts ES @ 10841 12:16

ok last top

test

not good trading 12:18

<substanz> Shorts YM @ 10842 «« paper »»

<cwb2> Covered 1/2 ES Short @ 10843 --> - 2 12:20

i'm going to close this positon out quick 12:22

just want to make some commission money back and not short tops ever again using cash index :D, worse strategy on the planet 12:24

Covered 1/4 ES Short @ 10835 --> + 6 12:25

<substanz> Covered all YM Short @ 10835 --> + 7 «« paper »» 12:26

<cwb2> stop 10835 12:30

<eminitrader> Covered all ES Short @ 1270.25 --> + 1

<cwb2> stop 10834 12:31

Covered all ES Short @ 10833 --> + 8 12:33

now thats a lot of trading for nothing

:D

<togglex> long er2 692.7 12:36

stop 692.3

close long 692.6 +0.3 12:40

er, 693.0

<cwb2> looks like rally 12:54

probably going to rally after fed meeting, lots of buyers appeared 5 minutes ago 12:56

ok 13:01

looking to go short large

<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. 13:07

<togglex> short er2 692.6 stop 693.0 13:08

<cwb2> did fed meeting come out ?

<togglex> i thought it was 1400h or 1415h 13:09

<eminitrader> no

yep

<cwb2> ok cool

short killings right now

this market is going down , let me wash my hands and get p repared :), NASDAQ is going to lead 13:10

* NihabaAshi_lunch is now known as NihabaAshi 13:12

<togglex> close short er2 693.0 13:13

-0.4

<szubaark_> yawn. 13:16

<joereal> Long ES @ 1270.50 «« paper »» 13:18

* RacerX sets mode: +v joereal

<GoodMood> Shorts YM @ 10837 13:42

* RacerX sets mode: +v GoodMood

<NihabaAshi> Long ER2 @ 692.20 -> large size

Exited ER2 Long @ 691.40 --> - 0.8 13:50

Reverse and Enter Short ER2 @ 691.40

Bad spot to do a trade reversal...will not hold this Short too long. 13:51

Should have added to the long.

Getting too close to the FOMC pre-reactions within that 15min window. 13:55

<GoodMood> Covered all YM Short @ 10837 --> 0 13:58

<NihabaAshi> Covered all ER2 Short @ 691.00 --> + 0.4 13:59

I'm now NEUTRAL bias on ER2, YM and still Bullish bias on ES and NQ. 14:02

<cwb2> i want to see NQ go down 1% :D 14:06

<NihabaAshi> If I get a trade signal...I'll load the boat... 14:10

If not...will continue keeping a tight lid on any losses.

<cwb2> same here 14:11

going short large , going to checkoff every single requirement

before I entry 14:12

<NihabaAshi> Long ER2 @ 691.40 -> small size

<danshirley> 1 minute to FOMC time 14:13

FOMC HIKES RATES BY QUARTER POINT TO 4.25% 14:14

MAJOR CHANGES MADE TO FOMC STATEMENT

FOMC TAKES ACCOMMODATIVE PHRASE OUT OF STATEMENT

<NihabaAshi> Geeesh...look at the EuroFX spike :) 14:15

<danshirley> FOMC SAYS ECONOMY SOLID DESPITE HURRICANES, ENERGY

<joereal> Exited all ES Long @ 1273.00 --> + 2.5 «« paper »»

<NihabaAshi> Exited all ER2 Long @ 692.50 --> + 1.1

That was a sell at any price when 693 is hit...I got filled at -0.50 tick less :( 14:16

<cwb2> niha: that much slippage on ER2? 14:17

<NihabaAshi> Only in the middle of a FOMC announcment.

<pat255> nice niha ... 14:18

* RacerX sets mode: +v pat255

<NihabaAshi> Well...I'm still in the hole for the day but not much because I kepted a lid on things.

<cwb2> this rally still means nothing

still waiting to short large

but wiating of course :)

rallied right back into resistance, good palce to short on INDU 14:19

<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> Shorts YM @ 10863 «« paper »»

<cwb2> gonna wait though :D

<NihabaAshi> Long ER2 @ 693.30 -> large size

I'm loaded.

* cwb2 hides

<cwb2> :D

<substanz> Covered all YM Short @ 10875 --> - 12 «« paper »»

<cwb2> let me check daily now 14:20

ok short is now going on the backburner

<NihabaAshi> Exited 2/3 ER2 Long @ 695.50 --> + 2.2 14:21

<substanz> Shorts YM @ 10910 «« paper »»

<NihabaAshi> Nicely in the green for the day but my win:loss ratio is horrible. 14:22

<cwb2> niha: nice long :D

<NihabaAshi> Exited ER2 Long @ 697.00 --> + 3.7

<substanz> Covered all YM Short @ 10920 --> - 10 «« paper »» 14:23

<NihabaAshi> Holding 2 contracts

<substanz> :(

<NihabaAshi> exit stop raised ER2 @ 695.00

It's been awhile since I've seen a FOMC announcment produce parabolic price surge with very little retrace to signal a trade signal in the opposite direction. 14:25

Yet...day isn't over yet and it still could retrace.

I have my trailing stop in a good spot in which if it is hit...most likely it will continue down. 14:27

Like now :( 14:28

Trailing Stop Hit ER2 @ 695.00 --> + 1.7

That stop was at the resistance price of a WRB which is now a support price...watching to see if it will hold (it shouldn't) 14:29

<cwb2> short 10901 14:34

large!

<NihabaAshi> I missed my Short entry at 694.90

<cwb2> man so much data tradestation is startwing to freeze 14:35

<NihabaAshi> Looking for a few little wins to get my win:loss ratio back in the positive.

<cwb2> stop 10900 14:36

<NihabaAshi> Shorts ER2 @ 694.80 -> small size

Covered all ER2 Short @ 694.20 --> + 0.6 14:37

<cwb2> exit 10897 1/2 14:40

exit 10900 1/2

<NihabaAshi> Euro volatility is dying...we should see it transfer over to the eminis.

<cwb2> nice

<NihabaAshi> Long ER2 @ 695.50 -> small size

<jperl> Long YM @ 695.30

<TLTrader> Long YM @ 10903 -> small size

<jperl> thats er2

Long ER2 @ 695.30 14:41

<NihabaAshi> Exited all ER2 Long @ 695.70 --> + 0.2

<jimmy> Shorts NQ @ 1725 -> large size 14:42

* RacerX sets mode: +v jimmy

<TLTrader> Exited all YM Long @ 10905 --> + 2 14:43

<NihabaAshi> Long ER2 @ 695.00 -> small size 14:44

Volatility in EuroFX declining allong with a price decline

<cwb2> niha: haha this price action is crazzzy :D 14:45

<NihabaAshi> Exited all ER2 Long @ 695.40 --> + 0.4

Agree...reason why I'm using the volatility from EuroFX on these quick trades. 14:46

Looks like the volatility game is over...Eminis and EuroFX seem to be back in sync with each other. 14:47

<GoodMood> niha: you measure volatility of the minis by looking at vix/vxn. But how do you measure it for Euro ? 14:48

<NihabaAshi> I use the VIX/VXN for trend analysis only... 14:49

<GoodMood> ok 14:51

<NihabaAshi> I use the EuroFX volume and the momentum (eye-balling it) versus the ES Emini.

<GoodMood> i c

<NihabaAshi> Regardless if I'm trading ER2, YM or NQ...

It's EuroFX and ES Emini ONLY during extreme volatility conditions.

FOMC announcement falls in that category. 14:52

<GoodMood> thx for the explanation !

<NihabaAshi> By the way...EuroFX looks like it died in the past 5 mins. 14:53

<cwb2> preparing to short, volatility needs to die down

i can't enter with price jumping 5 points in one second :) 14:54

<jimmy> Covered all NQ Short @ 1729 --> - 4

<jperl> Exited ER2 Long @ 696.20 --> + 0.9

<danshirley> Shorts YM @ 10917 «« paper »» 14:55

Shorts YM @ 10925 -> Add «« paper »» 14:58

<cwb2> short 10919 15:02

<danshirley> Covered 1/2 YM Short @ 10912 --> + 13 «« paper »»

<cwb2> down girl down hehehe 15:03

<danshirley> Covered Remainder YM Short @ 10900 --> + 17 «« paper »» 15:04

<cwb2> Shorts ES @ 10919

Covered 1/2 ES Short @ 10902 --> + 17

looking to keep on shorting 15:05

we are going to short this all the way down at every level I hope :)

stoip 10908 15:06

short 10899 15:07

stop 108901

19892 i mean 15:08

<TLTrader> Long YM @ 10897

Exited 1/2 YM Long @ 10902 --> + 5 15:09

<cwb2> exit add 10892 -3, looking to re-enter 15:10

short 10901 15:13

hope it doesn't bull breakout on me hehe

exit 10902 15:14

looking to reenter

market falling too quick, slow down there 15:18

chop city time, now time to wait 15:23

<TLTrader> Exited Remainder YM Long @ 10898 --> + 1

<cwb2> no fill 15:29

<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. 15:31

<jperl> Shorts ER2 @ 693.80 15:36

<cwb2> Covered all ES Short @ 10883 --> + 36 15:40

1/4th

remainder

3:41 , no more shorting :D 15:41

short 10889 15:48

stop tight

stop 10890

whatever

<jperl> Covered ER2 Short @ 692.80 --> + 1 15:52

<cwb2> jperl: nice 15:54

action was good today

<jperl> tx

<cwb2> man 15:56

jperl: I started a new checkbox procedure 15:58

<jperl> checkbox?

<cwb2> every order have to checkbox everything, the amount of checks I do is check * 2 contracts or check * 1 contract 15:59

i mean a checkbox sheet of paper

so less checkboxes = higher risk = lower contracts

more checkxboers = lower risk = higher contracts

:)

<jperl> what are the checkboxes 16:00

<NihabaAshi> Be right back in 5mins...need to do a reboot.

<cwb2> jperl: Its a list of things which I wrote in a notepad, then printed it out 5 times on a paper , with [ ] checkboxers next to them

every order I send out, need to check off the requirements

this way nothing is ever forgotten :) 16:01

all orders inspected

before orders sent out

<X> [NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab 16:13

* X sets mode: +o NihabaAshi

<Raph> Hi there. I have a question. Can someone help? 16:34

* RacerX sets mode: +v Raph

<cwb2> yeah 16:35

whats up

I am now trading with 3 monitors 16:36

it kicks ass

and 1 laptop

laptop for order entry only

<Raph> Thanks. What's the name of the following thread? : Study guide notes are posted in a password protected thread and the password will only be provided by email to those that are in attendance of the seminar.

I mean free seminar tomorrow

<cwb2> ok no idea, that you have to ask niha 16:37

<Raph> thanks

<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. 16:40

<NihabaAshi> Hi Raph... 16:42

* RacerX sets mode: +v NihabaAshi

<NihabaAshi> I was sick over the weekend and most of yesterday...

I'm going to try to get those study/guide notes posted by tomorrow morning.

<Raph> thanks 16:43

<NihabaAshi> However, the seminar itself will be postponed until Thursday and last for several trading days or until I feel nobody has anymore questions.

Thus, the study/guide notes are so in-depth that there's usually no questions from traders during the actual seminar (very quiet). 16:44

As for the password itself... 16:45

I'll post the password tomorrow in the #EminiFutures and #FuturesTrades room.

If your unable to attend...that's ok.

<Raph> I'll there

<NihabaAshi> Just send me an email and I'll give you the password by email for those that are unable to attend the seminar. 16:46

Anyone else in here from France...

<Raph> Is it a secret forum that study guide will be posted in or one of the existing forums on ezboard? 16:47

<NihabaAshi> Here's the direct link to where the study/guide notes will be posted... 16:50

http://p207.ezboard.com/fthestrategylabf rm159

You can't get in because it is password protected or should be :)

I'll post the password tomorrow after I post the study/guide notes.

<Raph> Got it...thanks 16:51

* DisconnectedSession Close: Tue Dec 13 17:32:08 2005

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	Session Start: Tue Dec 13 08:38:07 2005Session Ident: #futurestrades
* Now	talking in #futurestrades	08:38
* 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 Dec 11 22:17:07
<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>	..	09:11
* RacerX	sets mode: +v danshirley
<danshirley>	FOMC day...market my be 'subdued' until 2:15	09:13
	Bus. inventories at 10	09:14
	U.S. retail sales increased a modest 0.3% for the third straight month in November, as a rebound in auto sales offset a big decline in gasoline, the Commerce Department said Tuesday.	09:16
	U.S. stock futures are pointing to a flat to higher open Tuesday after an upbeat profit outlook from Procter & Gamble, but the market is likely to tread cautiously ahead of a Federal Reserve decision on interest rates.	09:17
	Mkt looking for a 'change in language' to indicate rate rises are close to an end
	european mrkts are very slightly higher	09:20
	SIRI rated as sell by Banc of America	09:22
	:)
<X>	[NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab	09:30
* X	sets mode: +o NihabaAshi
<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.	09:34
<NihabaAshi>	Long ER2 @ 693.80 -> small size
* RacerX	sets mode: +v NihabaAshi
<NihabaAshi>	I have a Bullish Trend bias...not sure how long this bias will last.	09:35
<mispe>	Shorts YM @ 10823	09:37
* NihabaAshi	sets mode: +v mispe
<mispe>	Covered 1/2 YM Short @ 10817 --> + 6	09:38
<NihabaAshi>	Exited ER2 Long @ 693.30 --> - 0.5
	Reverse and Enter Short ER2 @ 693.30
<szubaark_>	Shorts YM @ 10815	09:40
* RacerX	sets mode: +v szubaark_
<mispe>	Covered Remainder YM Short @ 10815 --> + 8
<NihabaAshi>	Still waiting for the VIX/VXN/VXO to open to organize my position sizing.	09:42
	0945am est
<mispe>	VXO what's that ?	09:43
<NihabaAshi>	VXO is the old VIX	09:44
	Trailing Stop Hit ER2 @ 693.30 --> 0	09:48
	Incorrect...
	It's a stop lower...
	exit stop lowered ER2 @ 694.30	09:49
<szubaark_>	Covered all YM Short @ 10821 --> - 6	09:50
<mispe>	Shorts YM @ 10821
<szubaark_>	Long YM @ 10821
<NihabaAshi>	exit stop lowered ER2 @ 694.00	09:51
	exit stop lowered ER2 @ 693.80	09:53
	Trailing Stop Hit ER2 @ 693.80 --> - 0.5	09:54
<substanz>	Shorts YM @ 10819 «« paper »»	09:56
* RacerX	sets mode: +v substanz
<mispe>	Covered 1/2 YM Short @ 10816 --> + 5	09:57
	Covered Remainder YM Short @ 10815 --> + 6	09:58
<NihabaAshi>	Long ER2 @ 693.50 -> large size	10:01
<danshirley>	U.S. OCT. INVENTORIES UP 0.3% VS. 0.5% EXPECTED	10:02
<NihabaAshi>	:(
<danshirley>	U.S. OCT. SALES UP 0.8%, BIGGEST GAIN SINCE JULY
<substanz>	Covered all YM Short @ 10825 --> - 6 «« paper »»
<danshirley>	U.S. OCT. INVENTORY-SALES RATIO STAYS AT RECORD LOW 1.25
<eminitrader>	Shorts ES @ 1269.25	10:04
* RacerX	sets mode: +v eminitrader
<danshirley>	Shorts YM @ 10826 «« paper »»	10:05
<pdays>	Shorts ER2 @ 693.7 «« paper »»	10:06
* RacerX	sets mode: +v pdays
<mispe>	Shorts YM @ 10827
<les>	Shorts ER2 @ 693.3	10:07
* RacerX	sets mode: +v les
<substanz>	Shorts YM @ 10825 «« paper »»
<szubaark_>	RED ALERTK4
<mispe>	time to go long	10:08
<NihabaAshi>	So far...Er2 not responding
<mispe>	Covered all YM Short @ 10827 --> 0
<szubaark_>	NQ stealing the show	10:09
<NihabaAshi>	Exited all ER2 Long @ 693.50 --> 0	10:11
<danshirley>	Covered 1/2 YM Short @ 10820 --> + 6 «« paper »»
	exit stop moved to breakeven YM @ 10826 «« paper »»
<substanz>	Covered all YM Short @ 10819 --> + 6 «« paper »»
<eminitrader>	Covered 1/2 ES Short @ 1268.75 --> + 0.5	10:12
	Covered Remainder ES Short @ 1269.25 --> 0
<danshirley>	Trailing Stop Hit YM @ 10826 --> 0 «« paper »»
<les>	Covered all ER2 Short @ 694.1 --> - 0.8	10:14
<szubaark_>	Exited 1/2 YM Long @ 10831 --> + 10	10:16
<mispe>	Long YM @ 10830
	Exited 1/2 YM Long @ 10835 --> + 5	10:18
<NihabaAshi>	ER2 still not able to keep up :(
<mispe>	Exited Remainder YM Long @ 10835 --> + 5	10:19
<danshirley>	Shorts YM @ 10833 «« paper »»
<mispe>	Shorts YM @ 10833	10:20
<danshirley>	exit stop set YM @ 10839 «« paper »»
	Covered 1/2 YM Short @ 10828 --> + 5 «« paper »»	10:21
<mispe>	Covered 1/2 YM Short @ 10828 --> + 5
<danshirley>	exit stop moved to breakeven YM @ 10833 «« paper »»
<mispe>	Covered Remainder YM Short @ 10831 --> + 2	10:22
	Long YM @ 10828	10:25
<szubaark_>	Exited all YM Long @ 10827 --> + 6
	Shorts YM @ 10826
<jperl>	I love it...	10:26
* RacerX	sets mode: +v jperl
<jperl>	1 YM long, 1 YM short
<danshirley>	exit stop lowered YM @ 10830 «« paper »»
<mispe>	Exited all YM Long @ 10824 --> - 4
<NihabaAshi>	Shorts ER2 @ 693.00 -> large size	10:32
	Tough tough trading...then again it is FOMC day :)	10:34
<danshirley>	Covered Remainder YM Short @ 10824 --> + 9 «« paper »»	10:38
	TICK reversing
<TLTrader>	Long YM @ 10826 -> small size	10:39
* RacerX	sets mode: +v TLTrader
<TLTrader>	scalp
<szubaark_>	Covered all YM Short @ 10828 --> - 2	10:42
	no momentum
<jperl>	all YM moves have been oscillations about the VWAP	10:43
<NihabaAshi>	So far...its a scalpers day and I'm unwilling to go that route even when I was at a +0.40 profit on all my trades today.	10:44
<jperl>	see Ym chart....
<pdays>	Covered all ER2 Short @ 692.9 --> + 0.8 «« paper »»
<NihabaAshi>	Thus, most likely this is my last trade until this afternoon.	10:45
<jperl>	http://www.charts.dacharts.com/2005-12-1 3/JPERL_011.png
<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.	10:46
<TLTrader>	Exited all YM Long @ 10828 --> + 2
	not what i had in mind but it's struggling
<jperl>	same oscillations in ER2...	10:51
	http://www.charts.dacharts.com/2005-12-1 3/JPERL_012.png
<cwb2>	short 10825	11:01
* RacerX	sets mode: +v cwb2
<cwb2>	exit 10827 -02	11:02
	no more trading before fomc hehe
<NihabaAshi>	ER2 being a little booger today :(	11:05
<jbraswell>	yeah, I got smoked early on, didn't even have time to post my losses...	11:07
	down $300
<cwb2>	short 10823	11:18
	small
	exit 10824 -01	11:20
<NihabaAshi>	Anyone else has YM stuck around 10823 ???	11:28
<jperl>	yes
<NihabaAshi>	Ok...wasn't sure if I was having some data problems.	11:29
<jperl>	now 10825
<cwb2>	shortn 10822	11:34
	hmm whats wrong with futures	11:35
	trading on cash today, thing doesn't follow
	exit 10825 - 3 , thats not good	11:37
<NihabaAshi>	Covered all ER2 Short @ 693.50 --> - 0.5	11:44
	I've lost my patience, will head out for an early lunch with the spouse. Thus, intentionally covering my Short at a loss eventhough its not near my stop of 694.30	11:45
	Target on that short was 691.80 or a pt2
<substanz>	Shorts YM @ 10830 «« paper »»
* NihabaAshi	is now known as NihabaAshi_lunch
<eminitrader>	Shorts ES @ 1270.75	11:47
	Covered ES Short @ 1271.25 --> - 0.5	11:48
	Reverse and Enter Long ES @ 1271.25
	Exited ES Long @ 1271.25 --> 0	11:50
	Reverse and Enter Short ES @ 1271.25
<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.	11:58
<cwb2>	Shorts ES @ 10836	12:00
	Covered 3/4 ES Short @ 10837 --> - 1	12:03
	Shorts ES @ 10837	12:06
	Covered all ES Short @ 10839 --> - 2	12:11
<substanz>	Covered all YM Short @ 10841 --> - 11 «« paper »»	12:12
<cwb2>	market reprimandations for shorting tops
	:)
	was looking for a 7 tick retrace, market didn't even give that that	12:13
	Shorts ES @ 10841	12:16
	ok last top
	test
	not good trading	12:18
<substanz>	Shorts YM @ 10842 «« paper »»
<cwb2>	Covered 1/2 ES Short @ 10843 --> - 2	12:20
	i'm going to close this positon out quick	12:22
	just want to make some commission money back and not short tops ever again using cash index :D, worse strategy on the planet	12:24
	Covered 1/4 ES Short @ 10835 --> + 6	12:25
<substanz>	Covered all YM Short @ 10835 --> + 7 «« paper »»	12:26
<cwb2>	stop 10835	12:30
<eminitrader>	Covered all ES Short @ 1270.25 --> + 1
<cwb2>	stop 10834	12:31
	Covered all ES Short @ 10833 --> + 8	12:33
	now thats a lot of trading for nothing
	:D
<togglex>	long er2 692.7	12:36
	stop 692.3
	close long 692.6 +0.3	12:40
	er, 693.0
<cwb2>	looks like rally	12:54
	probably going to rally after fed meeting, lots of buyers appeared 5 minutes ago	12:56
	ok	13:01
	looking to go short large
<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.	13:07
<togglex>	short er2 692.6 stop 693.0	13:08
<cwb2>	did fed meeting come out ?
<togglex>	i thought it was 1400h or 1415h	13:09
<eminitrader>	no
	yep
<cwb2>	ok cool
	short killings right now
	this market is going down , let me wash my hands and get p repared :), NASDAQ is going to lead	13:10
* NihabaAshi_lunch	is now known as NihabaAshi	13:12
<togglex>	close short er2 693.0	13:13
	-0.4
<szubaark_>	yawn.	13:16
<joereal>	Long ES @ 1270.50 «« paper »»	13:18
* RacerX	sets mode: +v joereal
<GoodMood>	Shorts YM @ 10837	13:42
* RacerX	sets mode: +v GoodMood
<NihabaAshi>	Long ER2 @ 692.20 -> large size
	Exited ER2 Long @ 691.40 --> - 0.8	13:50
	Reverse and Enter Short ER2 @ 691.40
	Bad spot to do a trade reversal...will not hold this Short too long.	13:51
	Should have added to the long.
	Getting too close to the FOMC pre-reactions within that 15min window.	13:55
<GoodMood>	Covered all YM Short @ 10837 --> 0	13:58
<NihabaAshi>	Covered all ER2 Short @ 691.00 --> + 0.4	13:59
	I'm now NEUTRAL bias on ER2, YM and still Bullish bias on ES and NQ.	14:02
<cwb2>	i want to see NQ go down 1% :D	14:06
<NihabaAshi>	If I get a trade signal...I'll load the boat...	14:10
	If not...will continue keeping a tight lid on any losses.
<cwb2>	same here	14:11
	going short large , going to checkoff every single requirement
	before I entry	14:12
<NihabaAshi>	Long ER2 @ 691.40 -> small size
<danshirley>	1 minute to FOMC time	14:13
	FOMC HIKES RATES BY QUARTER POINT TO 4.25%	14:14
	MAJOR CHANGES MADE TO FOMC STATEMENT
	FOMC TAKES ACCOMMODATIVE PHRASE OUT OF STATEMENT
<NihabaAshi>	Geeesh...look at the EuroFX spike :)	14:15
<danshirley>	FOMC SAYS ECONOMY SOLID DESPITE HURRICANES, ENERGY
<joereal>	Exited all ES Long @ 1273.00 --> + 2.5 «« paper »»
<NihabaAshi>	Exited all ER2 Long @ 692.50 --> + 1.1
	That was a sell at any price when 693 is hit...I got filled at -0.50 tick less :(	14:16
<cwb2>	niha: that much slippage on ER2?	14:17
<NihabaAshi>	Only in the middle of a FOMC announcment.
<pat255>	nice niha ...	14:18
* RacerX	sets mode: +v pat255
<NihabaAshi>	Well...I'm still in the hole for the day but not much because I kepted a lid on things.
<cwb2>	this rally still means nothing
	still waiting to short large
	but wiating of course :)
	rallied right back into resistance, good palce to short on INDU	14:19
<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>	Shorts YM @ 10863 «« paper »»
<cwb2>	gonna wait though :D
<NihabaAshi>	Long ER2 @ 693.30 -> large size
	I'm loaded.
* cwb2	hides
<cwb2>	:D
<substanz>	Covered all YM Short @ 10875 --> - 12 «« paper »»
<cwb2>	let me check daily now	14:20
	ok short is now going on the backburner
<NihabaAshi>	Exited 2/3 ER2 Long @ 695.50 --> + 2.2	14:21
<substanz>	Shorts YM @ 10910 «« paper »»
<NihabaAshi>	Nicely in the green for the day but my win:loss ratio is horrible.	14:22
<cwb2>	niha: nice long :D
<NihabaAshi>	Exited ER2 Long @ 697.00 --> + 3.7
<substanz>	Covered all YM Short @ 10920 --> - 10 «« paper »»	14:23
<NihabaAshi>	Holding 2 contracts
<substanz>	:(
<NihabaAshi>	exit stop raised ER2 @ 695.00
	It's been awhile since I've seen a FOMC announcment produce parabolic price surge with very little retrace to signal a trade signal in the opposite direction.	14:25
	Yet...day isn't over yet and it still could retrace.
	I have my trailing stop in a good spot in which if it is hit...most likely it will continue down.	14:27
	Like now :(	14:28
	Trailing Stop Hit ER2 @ 695.00 --> + 1.7
	That stop was at the resistance price of a WRB which is now a support price...watching to see if it will hold (it shouldn't)	14:29
<cwb2>	short 10901	14:34
	large!
<NihabaAshi>	I missed my Short entry at 694.90
<cwb2>	man so much data tradestation is startwing to freeze	14:35
<NihabaAshi>	Looking for a few little wins to get my win:loss ratio back in the positive.
<cwb2>	stop 10900	14:36
<NihabaAshi>	Shorts ER2 @ 694.80 -> small size
	Covered all ER2 Short @ 694.20 --> + 0.6	14:37
<cwb2>	exit 10897 1/2	14:40
	exit 10900 1/2
<NihabaAshi>	Euro volatility is dying...we should see it transfer over to the eminis.
<cwb2>	nice
<NihabaAshi>	Long ER2 @ 695.50 -> small size
<jperl>	Long YM @ 695.30
<TLTrader>	Long YM @ 10903 -> small size
<jperl>	thats er2
	Long ER2 @ 695.30	14:41
<NihabaAshi>	Exited all ER2 Long @ 695.70 --> + 0.2
<jimmy>	Shorts NQ @ 1725 -> large size	14:42
* RacerX	sets mode: +v jimmy
<TLTrader>	Exited all YM Long @ 10905 --> + 2	14:43
<NihabaAshi>	Long ER2 @ 695.00 -> small size	14:44
	Volatility in EuroFX declining allong with a price decline
<cwb2>	niha: haha this price action is crazzzy :D	14:45
<NihabaAshi>	Exited all ER2 Long @ 695.40 --> + 0.4
	Agree...reason why I'm using the volatility from EuroFX on these quick trades.	14:46
	Looks like the volatility game is over...Eminis and EuroFX seem to be back in sync with each other.	14:47
<GoodMood>	niha: you measure volatility of the minis by looking at vix/vxn. But how do you measure it for Euro ?	14:48
<NihabaAshi>	I use the VIX/VXN for trend analysis only...	14:49
<GoodMood>	ok	14:51
<NihabaAshi>	I use the EuroFX volume and the momentum (eye-balling it) versus the ES Emini.
<GoodMood>	i c
<NihabaAshi>	Regardless if I'm trading ER2, YM or NQ...
	It's EuroFX and ES Emini ONLY during extreme volatility conditions.
	FOMC announcement falls in that category.	14:52
<GoodMood>	thx for the explanation !
<NihabaAshi>	By the way...EuroFX looks like it died in the past 5 mins.	14:53
<cwb2>	preparing to short, volatility needs to die down
	i can't enter with price jumping 5 points in one second :)	14:54
<jimmy>	Covered all NQ Short @ 1729 --> - 4
<jperl>	Exited ER2 Long @ 696.20 --> + 0.9
<danshirley>	Shorts YM @ 10917 «« paper »»	14:55
	Shorts YM @ 10925 -> Add «« paper »»	14:58
<cwb2>	short 10919	15:02
<danshirley>	Covered 1/2 YM Short @ 10912 --> + 13 «« paper »»
<cwb2>	down girl down hehehe	15:03
<danshirley>	Covered Remainder YM Short @ 10900 --> + 17 «« paper »»	15:04
<cwb2>	Shorts ES @ 10919
	Covered 1/2 ES Short @ 10902 --> + 17
	looking to keep on shorting	15:05
	we are going to short this all the way down at every level I hope :)
	stoip 10908	15:06
	short 10899	15:07
	stop 108901
	19892 i mean	15:08
<TLTrader>	Long YM @ 10897
	Exited 1/2 YM Long @ 10902 --> + 5	15:09
<cwb2>	exit add 10892 -3, looking to re-enter	15:10
	short 10901	15:13
	hope it doesn't bull breakout on me hehe
	exit 10902	15:14
	looking to reenter
	market falling too quick, slow down there	15:18
	chop city time, now time to wait	15:23
<TLTrader>	Exited Remainder YM Long @ 10898 --> + 1
<cwb2>	no fill	15:29
<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.	15:31
<jperl>	Shorts ER2 @ 693.80	15:36
<cwb2>	Covered all ES Short @ 10883 --> + 36	15:40
	1/4th
	remainder
	3:41 , no more shorting :D	15:41
	short 10889	15:48
	stop tight
	stop 10890
	whatever
<jperl>	Covered ER2 Short @ 692.80 --> + 1	15:52
<cwb2>	jperl: nice	15:54
	action was good today
<jperl>	tx
<cwb2>	man	15:56
	jperl: I started a new checkbox procedure	15:58
<jperl>	checkbox?
<cwb2>	every order have to checkbox everything, the amount of checks I do is check * 2 contracts or check * 1 contract	15:59
	i mean a checkbox sheet of paper
	so less checkboxes = higher risk = lower contracts
	more checkxboers = lower risk = higher contracts
	:)
<jperl>	what are the checkboxes	16:00
<NihabaAshi>	Be right back in 5mins...need to do a reboot.
<cwb2>	jperl: Its a list of things which I wrote in a notepad, then printed it out 5 times on a paper , with [ ] checkboxers next to them
	every order I send out, need to check off the requirements
	this way nothing is ever forgotten :)	16:01
	all orders inspected
	before orders sent out
<X>	[NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab	16:13
* X	sets mode: +o NihabaAshi
<Raph>	Hi there. I have a question. Can someone help?	16:34
* RacerX	sets mode: +v Raph
<cwb2>	yeah	16:35
	whats up
	I am now trading with 3 monitors	16:36
	it kicks ass
	and 1 laptop
	laptop for order entry only
<Raph>	Thanks. What's the name of the following thread? : Study guide notes are posted in a password protected thread and the password will only be provided by email to those that are in attendance of the seminar.
	I mean free seminar tomorrow
<cwb2>	ok no idea, that you have to ask niha	16:37
<Raph>	thanks
<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.	16:40
<NihabaAshi>	Hi Raph...	16:42
* RacerX	sets mode: +v NihabaAshi
<NihabaAshi>	I was sick over the weekend and most of yesterday...
	I'm going to try to get those study/guide notes posted by tomorrow morning.
<Raph>	thanks	16:43
<NihabaAshi>	However, the seminar itself will be postponed until Thursday and last for several trading days or until I feel nobody has anymore questions.
	Thus, the study/guide notes are so in-depth that there's usually no questions from traders during the actual seminar (very quiet).	16:44
	As for the password itself...	16:45
	I'll post the password tomorrow in the #EminiFutures and #FuturesTrades room.
	If your unable to attend...that's ok.
<Raph>	I'll there
<NihabaAshi>	Just send me an email and I'll give you the password by email for those that are unable to attend the seminar.	16:46
	Anyone else in here from France...
<Raph>	Is it a secret forum that study guide will be posted in or one of the existing forums on ezboard?	16:47
<NihabaAshi>	Here's the direct link to where the study/guide notes will be posted...	16:50
	http://p207.ezboard.com/fthestrategylabf rm159
	You can't get in because it is password protected or should be :)
	I'll post the password tomorrow after I post the study/guide notes.
<Raph>	Got it...thanks	16:51
* DisconnectedSession	Close: Tue Dec 13 17:32:08 2005