7 July 2005 (Thursday)

Session Start: Thu Jul 07 06:50:35 2005
Session Ident: #t1
[09:25:01] <guy> 5 minutes to open
[09:26:11] <guy> London Bomb Blasts effect will have ER2 opening about -9 gap
[09:29:01] <guy> 1 minute to open
[09:29:18] <guy> EIA Petroleum Status Report
[09:29:18] <guy> 10:30 ET
[09:29:36] <guy> From yest. close to overnight low there was a 17.1 point drop
[09:29:38] <guy> in ER2
[09:29:59] <guy> Now, at open, Looking like a 7 point drop
[09:30:06] <guy> so we've recovered 10 points
[09:30:20] <guy> opening range trade dictates that we trade back towards VA
[09:30:27] <guy> so classic trade here is a long
[09:32:38] <signal>

[09:38:31] <guy> Shorts ER2 @ 644.3

[09:44:30] <guy> Covered all Short ER2 at 645.3 --> - 1

[09:54:20] <guy> that last short was based on alpha and was too early
[09:54:35] <guy> alpha still says short here and i'm trying to find a safe short entry...
[09:54:43] <guy> to re-enter short with a small stop
[09:59:38] <guy> .
[09:59:47] <guy> well i messed up a good setup there
[09:59:55] <guy> Very good and strong signals from alpha
[10:00:02] <guy> and this is the sell-off that alpha was showing
[10:00:22] <guy> In this next chart
[10:00:33] <signal>
[10:00:44] <guy> you can see that the 3 white bars in alpha and confirmation with k-line
[10:00:53] <guy> show a very high probability sell off in the ER2
[10:01:18] <guy> I was trying to re-enter that short at 647.0 and hoping for another spike to that level
[10:01:23] <guy> but no such luck
[10:02:10] <guy> i'll monitor alpha and k-line and see what they read on the next spike to HOD
[10:16:39] <guy> EIA Petroleum Status Report 10:30 ET
[10:18:35] <guy> Innerworth: Resilient and Ready For Profits
[10:30:10] <guy> Oil reports now....

[12:25:42] <guy> Shorts ER2 @ 648.2

[12:25:50] <guy> exit stop set ER2 @ 649.2

[12:38:40] <guy> Covered 1/2 Short ER2 at 647.2 --> + 1

[12:38:49] <guy> stop trailed to b/e

[12:38:59] <guy> exit stop moved to breakeven ER2 @ 648.2

[13:04:10] <guy> stop hit ER2 @ 648.2 --> 0

[13:11:50] <guy> Shorts ER2 @ 648.3

[13:12:49] <guy> exit stop set ER2 @ 649.3

[13:12:57] <guy> 1/2 target at +1
[13:13:36] <guy> bbiab - Ninja looking after trade

[13:33:00] <guy> stop hit ER2 @ 649.3 --> - 1

[13:48:03] <js> guy, u in jpj room?
[13:52:28] <guy> not at the moment
[13:52:37] <guy> PalTalk was having a problem
[13:52:46] <guy> and I haven't logged on again
[13:53:13] <js> Just curious, was jpj playing for a gap fill day?
[13:55:54] <guy> he was trading back to the VA and has made a lot - i think
[13:56:02] <guy> inlike me
[13:57:53] <js> lol. Still trading mp system?
[13:58:28] <guy> I use MP for 1/3 of my decisions
[14:05:17] <js> Still have to get used to MP jargon. Trading back to VA. Easier for me to think gap fill
[14:12:57] <guy> true :)
[14:30:01] <guy> Oil Futures closed
[14:33:55] <guy> Single Print long at 649.3
[14:37:36] <signal>
[14:48:24] <guy> Single Print long at 648.7 (as well)
[14:58:31] <signal>
[15:04:25] <guy> Single 2: +2 on 1st contract
[15:06:31] <guy> Single 1: +2 on 1st contract
[15:06:42] <guy> Both singles stop at b/e now
[15:26:47] <guy> Single 1: stopped at b/e on 2nd contract
[15:30:01] <guy> Bond Futures closed
[15:54:45] <mptrading> sorry GUY, but Bond Mkt is not closed
[15:55:10] <mptrading> maybe the Bond Pit, and that closed about 1 hour ago
[15:56:44] <guy> i think bond closes at 15:00 EST right?
[15:56:56] <mptrading> bonds are open
[15:56:59] <mptrading> US
[15:57:01] <mptrading> or ZB ?
[15:57:05] <guy> ZB
[15:57:10] <mptrading> ZB , closes 5PM NYT
[15:57:16] <mptrading> or 4 PM chicago
[15:57:24] <guy> CBOT says 2pm chicago on its web site
[15:57:32] <mptrading> US
[15:57:41] <mptrading> or pit traded bond
[15:57:54] <mptrading> zb is eletronic and closes 4PM chicago
[15:58:08] <guy> mptrading: you're right - thanks :)
[15:59:44] <mptrading> ZB is closed from 4PM to 7PM monday-friday
[16:04:40] <guy> thx mptrading
[16:06:16] <mptrading> yrw pal
[16:09:39] <guy> I'm trying to remember the rules for closing the other contract in this single trade...
[16:10:47] <tuna> moc?
[16:11:06] <guy> No - found the rule now: First price traded on or after 16:10:00
[16:11:32] <guy> Single 2: +2.3 on 2nd contract: closed at 651.0
[16:12:00] <guy> I'll update the Singles on the web now...
[16:19:36] <guy> i've updated the singles on the web if you want to see the spreadsheet
[16:19:38] <guy> gn all
[16:20:03] * Disconnected
Session Close: Thu Jul 07 16:20:05 2005