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#FuturesTrades January 4th Thursday 2007 Trade Log

#FuturesTrades is a private and free realtime trading posting chat room on the IRC Othernet server that allows traders from all over the world to communicate.

Click here for the instructions on gaining access to #FuturesTrades.

In addition, trades posted by members of #FuturesTrades in the below trade post chat log are by traders that do not have access to TheStrategyLab.com strategies except for NihabaAshi.

Fee-based clients of TheStrategyLab.com strategies use the private IRC rooms called #TheStrategyLab and #SwingTradingTSL.

Further, you'll find below the chat room time stamped text log of realtime trades (real money and simulator) that were posted by full-time, part-time traders from around the world and the timestamp is eastern standard time (est). 

Also, below NihabaAshi's trading blog like comments, you can read the time stamped trades (prices, entries, exits et cetera) and market discussions that sometimes contains trading tips or insights that are more useful than what you will see at any other futures blog or chat room.

Trading Blog Below is not your traditional trader's blog in the usual blog format. However, you will find informative commentary on a few occasions as time permits and such will contain trading tips that should help your trading as I attempt to sum up my thoughts for the trading day.









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+27.10 +0.0000
$2,710.00 $0.00

Trading Perspective

Profit/Loss Statement

Today I traded via the 1min chart interval and will continue to do so on some trading days to determine if a lower time frame is more suitable for trading volatility spikes and to see if a higher time frame is more suitable for low volatility trading conditions.

Also, there's a lot occurring in other key markets and I think that's why the Eminis is producing some weird chop or whipsaw like price action.

Key news of the day

Today's results (real money and simulator trading) shown above are that of NihabaAshi only. To see his total accumulated points for the month of January...click here. To see results for the months of 2007 and prior years...click here.

Commentary by M.A. Perry (a.k.a. NihabaAshi)  

Note: Each month there are a few trading days that we consider to involve interconnecting key price action of different markets and such is represented by a particular type of price action from one of the key markets. You can view the charts and their clues that's associated with the key price action at our key market archives.


Session Start: Thu Jan 04 09:31:37 2007Session Ident: #futurestrades
* Now  #FuturesTrades purpose and benefits...click here. 09:31
<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<eminitrader>  Long ES @ 1425.75

opps thats a sell

Shorts ES @ 1425.75
<PapaJon> gm all, et09:32
<eminitrader> hmorn pj

Covered 1/2 ES Short @ 1423.75 --> + 2

Covered Remainder ES Short @ 1422.25 --> + 3.5 09:33
Trading Edge: 


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   Trading Strategies ->   These strategies will reveal and explain specific strategies from entry to exit that exploit inefficiencies in the price action of your trading instrument for profits in the following trading instruments: Emini Index Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Index Derivatives (DAX, ESTX50), Euronext Index Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Energy Futures (CL, NG, HO, QM), Forex Currencies (EurUsd, EurYen, UsdCdn), Exchange Traded Funds (DIA, GLD, OIH, IWM, QQQQ, SPY, XLE) and Hang Seng Index Futures (HSI) 
<PapaJon> nice one et
<eminitrader> thx pj ..was waiting for this one
<PapaJon> :)09:34
<eminitrader> never thought it would be so fast :)
<NihabaAshi>  Shorts ER2 @ 789.30 -> large size
Covered 2/3 ER2 Short @ 787.90 --> + 1.4 09:37
Covered Remainder ER2 Short @ 788.80 --> + 0.5 09:40
<asuni> niha, ur bias at the open was a short bias?
<NihabaAshi>  Shorts ER2 @ 787.50 -> medium size
I see that same "bouncing volatility" like yesterday :(09:42
<RussellDaytrade>  Long ER2 @ 787.8 paper 09:43
<NihabaAshi> I don't remember seeing this type of price action in the past a few days after the holidays.
<pat255> yeah ...09:44

& spiky as hell...

as usual
<ItalianSharp> niha, perhaps its the upcoming 10am news, very important today09:45
<NihabaAshi> I'm not sure...the 10am est volatility usually doesn't show up until around 0955am est.
<ItalianSharp> i was referring to this sudden small congestion at todays lows09:46
<NihabaAshi>  Covered ER2 Short @ 788.40 --> - 0.9

Reverse and Enter Long ER2 @ 788.40

Long ER2 @ 788.50 -> Add
<RussellDaytrade>  Exited all ER2 Long @ 789.2 --> + 1.4 paper 09:47
<NihabaAshi> Geesh...

I got the direction correct now...I just need to hold on through the whipsaws.

Long ER2 @ 789.50 -> Add 09:48
<Brutus> 1000/1500 Nov Factory Orders -4.7%09:52
1000/1500 Dec 23 DJ-BTMU Business Barometer -0.1%
1000/1500 Nov Pending Home Sales -1.7%
1000/1500 Dec ISM Non-Mfg 57.5 58.9
<NihabaAshi> Volatility is drying up...expecting a volatility spike here soon.

Hopefully in my direction.

Exited 1/3 ER2 Long @ 790.10 --> + 0.6 10:00
<pat255> god patience niha ...dang I get itchy fingers ...
<NihabaAshi>  Exited ER2 Long @ 787.70 --> - 0.7 10:01

Reverse and Enter Short ER2 @ 787.70

Shorts ER2 @ 787.20 -> Add 10:02

Covered 2/3 ER2 Short @ 786.00 --> + 1.2 10:03

I'm now trying to milk the cow after reaching my profit goal for the day.10:04
<RussellDaytrade>  Long ER2 @ 785.6 paper
<NihabaAshi>  Covered ER2 Short @ 784.90 --> + 2.8 10:06

Covered ER2 Short @ 784.80 --> + 2.9

HOlding a few more contracts.

Traders Accounting 

As traders we must treat our trading like a business if we are to succeed as traders and as a business. Therefore, waiting till the last few weeks March to prepare for April's taxes is not good for your trading and could put extra stress on your trading during tax month or the months that follow if your one of those traders that filed an extension.. Therefore, its best to be on top of your taxes throughout the year and Traders Accounting is a great resource for such especially if you want to prevent penalties or an audit several years from now.
<RussellDaytrade>  Exited all ER2 Long @ 786.4 --> + 0.8 paper 10:08
Long ER2 @ 785.9 paper 10:10
<NihabaAshi> EuroFX and EurUsd in a volatility spike for the past 3mins.

When the volatility drops in those key markets...I'll see where I'm at in ER2...to dump it or keep it.10:11
<pat255> we may just sit here in er..
<AmazingJason>  Long ER2 @ 785.90 -> large size
<NihabaAshi>  Covered Remainder ER2 Short @ 786.80 --> + 0.9 10:12
I'm now in profit protection mode...reducing my position size down to 1 contract only.10:13
<pat255> vn niha ....er whippy more than usual..10:14
<RussellDaytrade>  Exited all ER2 Long @ 787.5 --> + 1.6 paper 10:17
<NihabaAshi>  Long ER2 @ 787.80 -> small size 10:18
<AmazingJason>  Exited 1/2 ER2 Long @ 787.30 --> + 1.4 10:21
<NihabaAshi>  Exited ER2 Long @ 786.60 --> - 1.2

Should have been a -0.90 but I made an exit error :(10:22
<AmazingJason> my MBTrading quotes been slow today
<asuni> 1030 oil rep
<NihabaAshi> Thought I went long at 786.50
Meant 787.5010:23
Shorts ER2 @ 785.20 -> small size 10:25
<Brutus> 1030/1530 Dec 29 US Energy Dept Crude Oil Stocks (in -8.1M10:26

<X>  #FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, QQQQ, SPY)
<NihabaAshi>  Covered ER2 Short @ 786.00 --> - 0.8 10:29

Reverse and Enter Long ER2 @ 786.00

I have 2 contract long instead of 1 because its an actual pattern signal.
<yvberj> Been an interesting morn. In and out both ways picking up 1 - 2 pts.ea. time10:30
<pdays> dis 19.71 crude -1299
<NihabaAshi>  Exited 1/2 ER2 Long @ 787.30 --> + 1.3
<Chilly>  Long ER2 @ 786.90 10:31
<NihabaAshi>  Exited Remainder ER2 Long @ 788.30 --> + 2.3 10:32
<AmazingJason> nice niha, i went in a little later at 786.80, just took off half at 788.9010:33
<NihabaAshi> My actual pattern signal was @ 785.6010:34
Thus, that's where I should have reversed that 1 contract Short into a 2 contract Long position but got caught doing too much "over-analysis" resulting in an entry at 786.00
<PapaJon> got disconnected10:36
<AmazingJason> have a +1 stop in place, see if it pushes again10:38
* codehead_afk is now known as codehead10:40
<Chilly>  Exited all ER2 Long @ 789.00 --> + 2.1 10:42
<AmazingJason> stopped out, now pushing10:43
<yvberj> Long ER 789 out 790.110:49
<RussellDaytrade>  Shorts ER2 @ 791.8 paper 10:52

Covered all ER2 Short @ 790.9 --> + 0.9 paper 10:53

up targets objectives reached11:06
<pat255> emini ...dang the 1st 1/2 hr was the best ..11:31
good trade & just watch then...
<X>  #FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, QQQQ, SPY)11:38
<pat255>  k guys that time of the day ...bac to office ty all..11:56
<X>  #FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, QQQQ, SPY)12:50
<NihabaAshi>  Shorts ER2 @ 791.60 -> small size 13:29
Volatility decided to drop the minute after my entry.13:35
It's low enough now for another volatility spike...hopefully in the direction of my trade.
Covered ER2 Short @ 792.10 --> - 0.5 13:36
Reverse and Enter Long ER2 @ 792.10
Exited ER2 Long @ 791.50 --> - 0.6 13:39
Reverse and Enter Short ER2 @ 791.50
I have a 2 contract Short13:40
Covered 1/2 ER2 Short @ 790.70 --> + 0.8 13:42
Covered Remainder ER2 Short @ 789.90 --> + 1.6 13:43
I didn't expect that much volatility on the rollover.
On that note...I'm done trading for the day and will just watch and take notes for the remainder of the trading day.13:45


<RussellDaytrade> t = 786.5 in another 10-15
* NihabaAshi is now known as NihabaAshi_away15:11
<X>  #FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, QQQQ, SPY)16:20
* DisconnectedSession Close: Thu Jan 04 18:46:34 200718:46


#FuturesTrades past logs can be searched via using Google. For example, pretend you want to research what has been said about volatility analysis. Go to the Google search window below and type in "volatility analysis" site:thestrategylab.com (exactly as I typed it including the quotation marks) and you will find everything associated with those key words that were used by any member of  #FuturesTrades.



We are proud to say that our chat room members are from the following geographical areas in the world:

Argentina, Australia, Belgium, Brazil, Canada, Denmark, France, Germany, Greece, Hong Kong (China), Israel, Italy, Japan, Mexico, Portugal, Puerto Rico (U.S.), Saudi Arabia, Singapore, Spain, United States and Venezuela.

In addition, below are the trading instruments our chat room members monitor closely to make trade decisions:  

CME Emini Futures ES, NQ and ER2 

CBOT mini-sized Dow Futures YM

Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50

Eurex Fixed Income Derivatives BUND, BOBL and Schatz

Euronext Futures FTSE-100 and CAC-40

CME Futures EuroFX EC

Treasury Futures T-Notes ZN, ZF and T-Bonds ZB

Forex Currencies EurUsd, EurYen and UsdCdn

Exchange Traded Funds DIA, IWM, QQQQ, SPY, OIH, XLE and GLD  

NYMEX Energies Light Crude Oil CL, e-miNY QM and Natural Gas NG

Hang Seng Index Futures HSI

Last of all, if you have any questions about either #EminiFutures general market chat room, #FuturesTrades realtime trade posting room or the two realtime strategy discussion rooms used by traders with access to our fee-based strategies called #TheStrategyLab and #SwingTradingTSL...

Don't hesitate to ask your questions and we'll reply back as soon as possible.


M.A. Perry and Associates



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