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Dec 15th 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 15 09:06:05 2005Session Ident: #futurestrades
* Now talking in #futurestrades09:06
* 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 22:17:32
<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.09:10
<danshirley> economic new good before the bell09:22
* RacerX sets mode: +v danshirley
<danshirley> CPI fell due to drop in energy prices

Empire State Man index rose unexpectedly09:23

dollar is down against the YEN09:24

US Nov indus prod up .7% vs .5% predicted09:25

Merk announced major restructuring09:26

nothing at 10...Philly Fed at 1209:27
<PapaJon> gm all
* RacerX sets mode: +v PapaJon
<danshirley> (MarketWatch) - U.S. stocks are heading for a flat opening Thursday, but shares could rise later on data showing the biggest decline in consumer prices since 1949 and a retreat in energy prices.09:28
 applications for state unemployment benefits increased by 1,000 to a seasonally adjusted 329,00009:29
 The dollar remained under siege. Traders believe there is an unwinding of short positions against high-yield currencies, gold and other assets ahead of the year-end09:30
 european mrkts are down for a second day09:33
<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
<NihabaAshi> The study/guide notes are posted at ezboard forum for the seminar/workshop in #EminiFutures.09:34
* RacerX sets mode: +v NihabaAshi
<NihabaAshi> Seminar will last until next Thursday and I'll only talk when someone has questions to keep it simple.09:35
<danshirley>  Shorts YM @ 10957 «« paper »»
  Covered all YM Short @ 10957 --> 0 «« paper »» 09:36
<szubaark_>  Long YM @ 10964 09:42
* RacerX sets mode: +v szubaark_
<danshirley> TICK hugging zero line09:45
<NihabaAshi> I have a Bullish Bias on ES, YM, NQ...Neutral Bias on ER2...Neutral Bias on EuroFX.
<togglex> er2 got stuffing beat out of it just now :P09:46
<NihabaAshi> Geeesh...looks like ER2 just had a fat finger order mistake.
<PapaJon> looks that way
<szubaark_> hehe ER
<NihabaAshi> ER2 and YM or more susceptible to that than ES and NQ.09:47
<pat255> agree er2 the most suspect09:49
* RacerX sets mode: +v pat255
<danshirley>  Shorts YM @ 10964 «« paper »» 09:50
<togglex> what vol does esignal report for er2 on the spike down?09:51

ib says 239 on biggest vol 5s bar
<mispe> 247 on Qcharts09:52
* RacerX sets mode: +v mispe
<togglex> i think IB underreports vol on high vol bars
<les>  Shorts ER2 @ 690.4 09:53
* RacerX sets mode: +v les
<szubaark_>  Exited all YM Long @ 10960 --> - 4 09:54
<les>  Covered all ER2 Short @ 689.9 --> + 0.5
<szubaark_>  Shorts YM @ 10960
<danshirley>  Covered 1/2 YM Short @ 10959 --> + 5 «« paper »» 09:56
<substanz>  Shorts YM @ 10959 «« paper »» 09:57
* RacerX sets mode: +v substanz
<joereal>  Shorts ES @ 1281.75 «« paper »»
* RacerX sets mode: +v joereal
<danshirley>  exit stop set YM @ 10968 «« paper »»
<szubaark_> ooppss whole room is Short
<substanz>  Covered all YM Short @ 10959 --> 0 «« paper »» 10:00
<joereal>  Covered all ES Short @ 1280.75 --> + 1 «« paper »»
<danshirley>  Trailing Stop Hit YM @ 10968 --> - 4 «« paper »»
<szubaark_>  Covered all YM Short @ 10984 --> - 24 10:01
  Long YM @ 10984
 crap
<substanz> exit 10959 -10 sorry
<danshirley> osama die?
<substanz> lol10:02
<danshirley>  ILL. SUPREME COURT REVERSED $10 BILLION 'LIGHTS' VERDICT10:03
<NihabaAshi> Geesh...what's going on...did they really wanted that YM 11000 that bad or is this associated with the Financial Networds blasting on TV the Altria verdict ???
<mispe>  Shorts YM @ 10992
<NihabaAshi> Is Altria a major component on the Dow ?
<danshirley> I believe so10:04
 NQ unaffected
<NihabaAshi> That may explain the YM activity.
<mispe>  Covered all YM Short @ 10982 --> + 10
<danshirley> blue chips been getting good press last few days
<NihabaAshi> Quadruple Witching tomorrow also.10:05
<szubaark_> yeah but no matter if u go Long or Short u cant make money in this crap
<danshirley> gotta have those eco stops in10:06
 PHILIP MORRIS SHARES UP 6% AT $78.1910:07
<les>  Shorts ER2 @ 687.7

Covered all ER2 Short @ 687.2 --> + 0.5
<szubaark_>  Exited all YM Long @ 10961 --> - 23
  Shorts YM @ 10961 10:08
<NihabaAshi> Geesh...feels like a "wild wild west" shootout and I haven't even taken one trade today :)10:11
<jbraswell> same here10:12
 i'm trying to quell the exigence of inexperience that is telling me to just buy or sell SOMETHING
<szubaark_> we sure got momentum :)))
<Raph> haha10:13
* RacerX sets mode: +v Raph
<NihabaAshi> I'm sure I've missed a lot of Short signals today...won't take a closer look until after the close or until someone tells me they shorted something that I normally would have.
<danshirley> ES lookin mighty down10:14
<NihabaAshi> I'm now Neutral Bias on ER2, ES, NQ and YM.10:15
 This allows me to start looking for trades.
  Shorts YM @ 10945.00 -> large size 10:16
<pdays>  Shorts ER2 @ 685.7 «« paper »»
* RacerX sets mode: +v pdays
<substanz>  Long YM @ 10942 «« paper »»
<pdays>  Covered all ER2 Short @ 684.5 --> + 1.2 «« paper »»
<szubaark_>  Covered 1/2 YM Short @ 10940 --> + 21 10:17
<mispe>  Shorts YM @ 10943
<NihabaAshi> :(10:18

Covered all YM Short @ 10944.00 --> + 1

That test at 10940 triggered my breakeven or +1 tick trailing stop.10:19
<substanz> i play the bounce of 200 ma10:20
<mispe>  Covered YM Short @ 10945 --> - 2

Reverse and Enter Long YM @ 10945
<substanz> on 3 min chart
<pdays>  Long ER2 @ 685.9 «« paper »» 10:21
<substanz>  Exited all YM Long @ 10952 --> + 10 «« paper »»
<mispe>  Exited 1/2 YM Long @ 10952 --> + 7
<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.10:22
<pdays>  Exited all ER2 Long @ 686.7 --> + 0.8 «« paper »»
<mispe>  Exited Remainder YM Long @ 10958 --> + 13
<NihabaAshi>  Long ES @ 1277.50 -> small size 10:25
<szubaark_> what a whacky opening10:28
 looking at Euro chart, Ill need 4xMadeEasy to make any money with that10:29
<NihabaAshi> :)

exit stop moved to breakeven ES @ 1277.50 10:30

Trailing Stop Hit ES @ 1277.50 --> 0

Blame that quick stop out on the 1030am Natural GAS Report :(10:31
<danshirley> U.S. NATURAL GAS STKS DOWN 202 BLN CUBIC FT: ENERGY DEPT10:33
<jbraswell> my opinion on nat gas, fwiw, we will continue to go higher in the intermediate-term...10:34
<NihabaAshi> Agree.
<jbraswell> natural gas has never made annual high with the large specs being net long...

so far, they haven't been net long on this rally...

"longest" position was short 500

currently, they are still about 30K short

excuse me, I meant "never made annual high withOUT large specs being net long"10:36
<GoodMood> jbraswell: whom do you mean by >large specs< ?10:38
* RacerX sets mode: +v GoodMood
* BOS-fls is now known as BOS-sick10:41
<mispe>  Long YM @ 10943

Exited 1/2 YM Long @ 10952 --> + 9 10:42
<eminitrader>  Shorts ES @ 1278.25
* RacerX sets mode: +v eminitrader
<substanz>  Shorts YM @ 10950 «« paper »» 10:43
  Covered YM Short @ 10955 --> - 5 «« paper »» 10:44
  Reverse and Enter Long YM @ 10955 «« paper »»
<mispe>  Exited Remainder YM Long @ 10955 --> + 12 10:45

Shorts YM @ 10952 10:49

Covered all YM Short @ 10949 --> + 3 10:53
<substanz>  Exited all YM Long @ 10945 --> - 10 «« paper »» 10:57
<jbraswell>  Shorts ER2 @ 686.90 11:01

exit stop lowered ER2 @ 687.10 11:02

exit stop raised ER2 @ 687.30 11:08

trying to give it a bit more room here11:09

in case this is bs

Covered all ER2 Short @ 687.30 --> - 0.4 11:10
<NihabaAshi>  Long ES @ 1278.50 -> small size
  exit stop set ES @ 1276.75 11:14
  Exited 1/3 ES Long @ 1279.50 --> + 1 11:19
  exit stop moved to breakeven ES @ 1278.50
<pat255> nice niha ....

dang missed entry ..too many distractions ...sigh
<szubaark_>  Covered all YM Short @ 10949 --> + 12 11:20
  Long YM @ 10949
<NihabaAshi> It was an easy trade because its the ONLY pattern I will be trading all day.

Thus, I'm a lot more focus than normal.

Exited Remainder ES Long @ 1278.75 --> + 0.25 11:26
<jbraswell> 1278.2511:29
<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.11:31
<jbraswell>  Shorts ES @ 1278.25 11:34
<szubaark_>  Exited all YM Long @ 10942 --> - 7 11:41

No Mementum left

damn tough day... too many fakeouts11:44
<eminitrader>  Shorts ES @ 1279 -> Add
  exit stop set ES @ 1280.50 11:46
<PapaJon> FWIW... Phily Fed do out shortly11:47
* NihabaAshi is now known as NihabaAshi_lunch12:06
<pat255>  later guys ..ty all12:10
<eminitrader>  Covered all ES Short @ 1280.50 --> - 3.75 12:11
<jperl>  Shorts ER2 @ 668.30 12:26
* RacerX sets mode: +v jperl
<jperl>  Covered ER2 Short @ 668.20 --> + 0.1 12:40
<jbraswell> here comes some stop running to take me out12:42
<eminitrader> :))..still in ..it took me out a while ago
<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.12:43
<jbraswell>  Shorts ES @ 1279.75 -> Add 12:55
<eminitrader>  Long ES @ 1280 13:02
  Long ES @ 1278.25 -> Add 13:09
<jperl>  Shorts YM @ 10936 13:15
<jbraswell> argh, emini out to get me again13:18
<eminitrader> oh no ..just wanted to avg my buys and hoped to come out even on this trade13:19

Exited all ES Long @ 1279 --> - 0.25 13:20
<jbraswell> i'm trying to get out of my add at 77.25, not sure if it's gonna happen, tho13:21
<eminitrader> in this pa u just might13:27

solid support @ 78
<jbraswell> what do you see there, just out of curiosity. I was looking at bottom of VA13:28
<eminitrader> my 15 30 min charts have the ma's at around there13:29

if it breks that level might test the low and create a new lod13:30
<jperl>  Covered YM Short @ 10943 --> - 7 13:33
<codehead> oil lod13:34
* RacerX sets mode: +v codehead
<eminitrader>  Long ES @ 1280 13:42
<X>  #FuturesTrades Info -> This room is only for Trade Posting (real or paper) and/or discussions about a posted trade or key market events that could affect a trader's open trade position. LURKING not allowed..strictly enforced.13:55
<eminitrader>  Exited all ES Long @ 1280.25 --> + 0.25 13:57
<jperl>  Long ES @ 1280.25 13:58
  Exited ES Long @ 1281.25 --> + 1 14:01
* NihabaAshi_lunch is now known as NihabaAshi14:03
<substanz>  Long YM @ 10930 «« paper »» 14:46
  Exited all YM Long @ 10929 --> - 1 «« paper »» 14:49
<jperl>  Shorts ER2 @ 685.70 14:53
<jbraswell>  Covered 1/2 ES Short @ 1277.25 --> + 2.5 14:55
<codehead> NICE is... nice14:56

close to b/o14:57
<GoodMood> b/o = ?
<codehead> oops, wrong room, sorry
<jbraswell> trailing stop lowered to 77.7515:00
 Niha, i've read before that a lot of people use the midpoints of large candles as S/R...15:03
 you being the WRB guru that you are, do you ever use these points?
<jperl>  Covered ER2 Short @ 686.30 --> - 0.6 15:06
<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.15:07
<jbraswell>  Covered Remainder ES Short @ 1278.25 --> 0 15:20
<jperl>  Long YM @ 10936 15:27
  Exited YM Long @ 10936 --> 0 15:40
<X>  #FuturesTrades Info -> This room is only for Trade Posting (real or paper) and/or discussions about a posted trade or key market events that could affect a trader's open trade position. LURKING not allowed..strictly enforced.16:18
<NihabaAshi> Not much trading for me today...spent most of the day still catching up on some important website work...should have it all done by the weekend.16:38
 Take care all and see all tomorrow17:13
* NihabaAshi is now known as NihabaAshi_away
* NihabaAshi_away is now known as NihabaAshi17:14
<NihabaAshi> Hi jb...I just saw your question before logging off...17:15

[15:03] <jbraswell> Niha, i've read before that a lot of people use the midpoints of large candles as S/R...

[15:03] <jbraswell> you being the WRB guru that you are, do you ever use these points?

I use WRB mid-points sometimes as a criteria in a strategy but not as a key s/r level.17:16

Instead...I use the entire BODY (price action between the Open and Close) of that WRB as a key s/r zone...17:17

Instead of as a level like a line drawn in the sand.

The current seminar strategy WRB Bullish Harami is a good example of such especially when I briefly discussed the re-entry signal that's dependent upon the WRB as a key s/r zone to look for trade signals.17:18

Ok...gotta go :)17:19
* NihabaAshi is now known as NihabaAshi_away
* DisconnectedSession Close: Thu Dec 15 17:20:57 200517:20

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