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Dec 19th Mon 2005 Trade Log

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

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

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


 Session Start: Mon Dec 19 09:15:14 2005Session Ident: #futurestrades
* Now talking in #futurestrades09:15
* 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> legal victory for Pfizer Inc. expected to spark a pharmaceutical sector rally while the finalization of FPL Group Inc.-Constellation Energy merger terms should create interest in energy shares.09:24
* RacerX sets mode: +v danshirley
<danshirley> The dollar regained some of the strength it lost last week, after Federal Reserve officials signaled that an end to U.S. rate hikes may be in sight.
<PapaJon> gm all09:25
* RacerX sets mode: +v PapaJon
<danshirley> Google Inc. reportedly plans to buy a 5% stake in the AOL division of Time Warner, a move that would edge out Microsoft
<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
<danshirley> nothing at 10 today09:26
 futures up slightly...european mkts are down slightly
 "window dressing week"??09:27
  Shorts YM @ 10942 «« paper »» 09:31
  Covered all YM Short @ 10943 --> - 1 «« paper »» 09:32
 nice gap up in PPH09:35
<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.09:37
<danshirley>  Shorts YM @ 10940 «« paper »» 09:50
  Covered 1/2 YM Short @ 10935 --> + 5 «« paper »» 09:55
  exit stop moved to breakeven YM @ 10940 «« paper »» 09:56
  Trailing Stop Hit YM @ 10940 --> 0 «« paper »» 10:01
  Shorts YM @ 10945 «« paper »» 10:07
<NihabaAshi> Looks like I picked a good morning so far to do some personal stuff.10:14
* RacerX sets mode: +v NihabaAshi
<danshirley>  Covered 1/2 YM Short @ 10944 --> + 1 «« paper »» 10:15
<jperl>  Shorts YM @ 10958 10:23
* RacerX sets mode: +v jperl
<danshirley>  Shorts YM @ 10956 -> Add «« paper »»
<jbras_away>  Shorts ER2 @ 682.40 10:29
<PapaJon> Bush speaking live10:32
<jperl>  Covered YM Short @ 10963 --> - 5 10:33
<jbras_away> ugh. Don't like this mixed bag. YM and ES breaking IB upside10:34
<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.10:49
<jbras_away>  exit stop moved to breakeven ER2 @ 682.40
* jbras_away is now known as jbraswell
<NihabaAshi> Looks like typical post Dec 15th trading...things tend to get very quiet, volatility drops and volume decreases.10:53
<danshirley>  Covered 1/2 YM Short @ 10946 --> + 10 «« paper »»
<NihabaAshi> Between now and the first week of January...I'll mainly only trade on days that have key economic reports.10:54
<szubaark_> yeah lets hope we get some WRB Bullish Harami signals this week.
* RacerX sets mode: +v szubaark_
<NihabaAshi> Those are the trading days that will most likely produce some good volatility.
<danshirley> GOOGLE HITS NEW INTRADAY RECORD OF $446.2111:00
<jbraswell>  Covered all ER2 Short @ 681.60 --> + 0.8 11:02

will look to reshort if opportunity presents itself11:03
<GoodMood>  Shorts YM @ 10950 11:08
* RacerX sets mode: +v GoodMood
<GoodMood>  Covered all YM Short @ 10949 --> + 1 11:15
<szubaark_> hehe GooG.. ive had people say the Top WAS IN Last year!11:22
<PapaJon> Bush is done11:28
<danshirley> Nextel gets 5-yr $6B revolver11:48

wow that's a lot for a gun

must belong to Jessi James11:49

better go tolunch..getting silly watching this market grow moss11:50
<szubaark_> lol
<danshirley> SIRI:SEC CHARGES TWO WITH INSIDER TRADING RELATED TO STERN SHOW11:56
<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
<szubaark_> prolly Sterns buddies12:22
<jbraswell>  Shorts ER2 @ 680.50 13:08
<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.13:10
<jbraswell>  Covered all ER2 Short @ 680.80 --> - 0.3 13:14
  Shorts ES @ 1273.50 13:42
<danshirley>  Covered Remainder YM Short @ 10928 --> + 17 «« paper »» 13:46
<NihabaAshi>  Short ES @ 1272.00 -> small size13:51
 That little test not going so well :(13:53
<GoodMood> what did you see, marc13:54
<NihabaAshi> Trying something new that's not looking so hot that involves EuroFX and the Eminis on none key economic report days.13:55
<GoodMood> aha
<NihabaAshi>  Exited all ES Long @ 1273.25 -> -1.2513:56
 It's almost 2pm est and I doubt I'll get any trade signals today with this low volatility.14:00
  Short ES @ 1272.25 -> small size14:01
<danshirley> somthin tells me the sandy claws rally is dead
<NihabaAshi> Danshirley...its usually over by the 15th and just chops for the remainder of the year although there has been a few surprises in a few of the past Xmas rallies.14:02
<GoodMood> are xmas rallies always on the long side ?14:03
<jbraswell>  Covered all ES Short @ 1273.50 --> 0 14:04
<NihabaAshi> GoodMood...there's really no Xmas rally...

Instead its a Year End rally that starts around late Oct and continues strongly into mid November and then has a few nice little uptrends by mid December.14:05

Thus, the so called Xmas rally is really part of the Year End Rally "seasonality" that starts late October.14:06
<GoodMood> i've read about your Oct,26th to Nov,14th bias ...
<NihabaAshi> Yep...market hasn't been wrong since 1990.

Hard to ignore that type of seasonality fact.14:07
<GoodMood> true
<danshirley> U.S. Dec. homebuilders' index falls to 57 vs 61 in Nov.14:08
<jbraswell>  Long ES @ 1272.50 14:09
<NihabaAshi> I have a stop at 1273.00

Not willing to let a few intuition trades turn into a loss too big on a low volatile trading day.14:10

Picked off again :(14:11

Tues, Weds, Thurs and Friday will be better trading days so don't let a day like today determine the rest of the week for you.14:12

Lots of good data movers being released the remainder of the week.

Stop/Loss Hit on ES Long @ 1273.00 -> -0.7514:14

Actually that was a Short.

Short ES @ 1271.25 -> medium size14:17

SP pushed down hard first...don't see that too often.14:18
<jbraswell>  Exited all ES Long @ 1270.25 --> - 2.25
<TLTrader>  Long YM @ 10902 -> small size 14:21
* RacerX sets mode: +v TLTrader
<TLTrader> probably a scalp
<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.14:22
<NihabaAshi>  Covered all ES Long @ 1271.00 -> +0.2514:23

cwb, are you coolweb ???
<cwb> yes, whats up niha?14:24
* RacerX sets mode: +v cwb
<NihabaAshi> Why are you here...I heard you no longer trade futures ???
<cwb> ah yeah, I watch the futures while trading though :)

futures is my leading indicator14:25
<TLTrader>  Exited all YM Long @ 10905 --> + 3
<NihabaAshi> Are yo trading futures or not ???

My point...what value can you add to the room without posting any trades due to the rule that we all have to post trades .14:26
<cwb> good point, not posting trades so I shouldn't be here :D I'll stay in eminifutures
<TLTrader> may try another long around YM 10882 if we get there14:27
<NihabaAshi>  Short ES @ 1270.00 -> medium size14:28
<codehead> i prolly won't be posting trades till i get a new Mac after having my others stolen, fwiw
* RacerX sets mode: +v codehead
<codehead> and dammit, i'll have to rewrite the trading macros i wrote for it, since my backups got stolen14:29

posting macros
<NihabaAshi> I'm now Bearish Bias on the trend but can't seem to stay in on these trades for any decent price movement...keep getting shaken out :(
<codehead> i've only done one futs trade todqay anyway, YM for 4 ticks a few mins ago
<substanz>  Long YM @ 10888 «« paper »»
* RacerX sets mode: +v substanz
<TLTrader>  Long YM @ 10883 -> small size 14:30
<NihabaAshi>  Exited 1/2 ES Short @ 1268.75 -> +1.2514:31

I'm using a beta (new) trade posting script and it doesn't do my stops due to a coding error...14:32
<TLTrader>  Exited all YM Long @ 10890 --> + 7
<NihabaAshi> Thus, I have a stop at 1270.00 on my remainderes.14:33
<codehead> ER seems to be trying to print countertrend (bounce) signals better than ES YM
<NihabaAshi> :(

Stop Loss Hit on ES Short (remainders) @ 1270.00 -> +0.0014:35
<substanz>  Exited all YM Long @ 10894 --> + 6 «« paper »» 14:37
<NihabaAshi> I'm not trading with much today...my max is 6 contracts on a large size.14:39

Just don't think I'll get any good trade signals to really sink my teeth into anything.14:40

Will save the "aggressive" trading for tomorrow thru Friday when some very important key economic data is being released.
<GoodMood> Marc: On YM, 5min is this a WRB Bullish Harami pattern ???
 PS: I use CME-times (13:00, 13:05, 13:10 ...)14:41
<NihabaAshi> Yes14:42

Thanks...good eye.
<GoodMood> thx
<NihabaAshi>  Long ES @ 1242.00 -> small size

Incorrect script...14:43
<codehead> cci on YM set up for potential trendline break (up) with green lsma
 on 5 min
<NihabaAshi>  Long YM @ 10896.00 -> small size14:44
<substanz>  Shorts YM @ 10900 «« paper »» 14:48
<NihabaAshi> I now have a breakeven trailing stop via it testing 10901.00 and will leave the trade alone.
<codehead> long ER 677.40 <paper>14:50
<NihabaAshi> First real trade signal of the day and it almost snuck by me because I was in a pm conversation with coolweb :(

Exited all YM Long @ 10898.00 -> +214:53
<codehead> stop on ER 676.80 <paper>14:54
<joereal>  Shorts ES @ 1270.00 «« paper »» 14:56
* RacerX sets mode: +v joereal
<NihabaAshi> Oh well...it was a good try of a Long position especially when my trend analysis is BEARISH.14:57
<substanz>  Covered all YM Short @ 10893 --> + 7 «« paper »»
<NihabaAshi> Thus, not reaching a pt1 via counter-trend trading wasn't uncommon.
<codehead> stopped out ER long -.615:03
 ER printed a ghost on the 3 min or short on that downturn15:05
 for short
 bond signal is long15:06
 bullish
 that's for overnight/morning
 long ER 676.10, stop 675.7015:07
 typed it more timely, but in wrong room15:08
 stopped out -.4 <paper>15:11
<togglex> long er2 675.7 stop 675.315:12

my turn to catch knives :)
<joereal>  Covered all ES Short @ 1267.75 --> + 2.25 «« paper »»
<togglex> close long er2 676.2 +0.515:13
<codehead> long ER 676.00 <paper>15:15
 target 678, but half target 67715:22
<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.15:34
<codehead> i got pulled away, so i'll take -.5 on my ER paper trade here, but technically the bond close sez be long the close15:49
 should push up, but i really would have stopped out here before on the move down if i was around15:50
 so i'll print the loss
 nice ER bounce16:00
<GoodMood> good night @ all !16:01
<codehead> nite
<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.16:46
<NihabaAshi> Today was a creeper downtrend from what I could tell during the 3 hours I was watching the market on and off.17:20
 Should be some good trading tomorrow and i will be looking to position trade via trying to establish a position early between 0830am - 0930am est17:21
 Hopefully I can hold that position all day because I don't like to do too much trading between Dec 15th and the last trading day of the year.
* NihabaAshi is now known as NihabaAshi_away17:22
<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.17:58
* DisconnectedSession Close: Mon Dec 19 23:24:35 200523:24

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