#FuturesTrades January 8th Monday 2007 Trade Log
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ER2 EuroFX EC +6.90 +0.0000 ($690.00) $0.00 Trading Perspective
Today was a classic example about how much of an impact our health has on our trading.
First of all, there's a snow storm here in Quebec City and I missed almost the first 30 mins of trading due to the fact I was shoveling snow and helping neighbors shovel snow.
In the process I pull a muscle in my back and its a constant problem in the winter time due to the fact its a chronic problem from an old sports injury.
Further, the first 30mins of market price action is critical to my trading because its when I put on my best trades.
Next, as the trading day progress and while eating breakfast at the computer...I felt a sharp knife like pain in my tooth.
It was so painful that I mismanaged two trades and they resulted in losses.
I then examined the tooth and saw that it had split in half and I knew it was related to my root canal.
Anyways, I took some Motrin but by the time it kicked in...I was already in a deep hole of losses and the goal for the remainder of the day until my emergency dental appointment was damage control (reduce my losses to something tolerable).
I was able to reduce my losses but ran out of time due to the dental appointment in which I'm confident I could have closed the trading day at a profit.
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)
intradaystrategies@yahoo.comNote: 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: Mon Jan 08 09:57:05 2007Session Ident: #futurestrades * Now 09:57 <X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm <pat255> out the rest...done <NihabaAshi> Good morning all. <szubaark> gm. <pat255> gm niha <werner> gm <NihabaAshi> I got a late start due to a snow storm here. 09:58 <yvberj> Sht ER 778.3 out 777.0 <ItalianSharp> niha, you should be grateful to the snow storm for keeping you out of this crap <pat255> emini ..u always wait on Mon am? 09:59 <NihabaAshi> Looks like it or my charts are weird concerning the volume and volatility of the first 20 mins of trading. 10:00 <eminitrader> yes most of the times <NihabaAshi> Extremely low...is their an exchange problem ??? <pat255> look fine here.. 10:01 <ItalianSharp> what do you see exactly niha? <pat255> ty emini <Brutus> Long ER2 @ 776.8 <ItalianSharp> same type of price action as we saw friday...but with even less volatility <NihabaAshi> Maybe I'm having some data problem. 10:02 Long ER2 @ 778.30 -> small size 10:03 Exited ER2 Long @ 777.40 --> - 0.9 10:04 Reverse and Enter Short ER2 @ 777.40 Shorts ER2 @ 778.10 -> Add 10:06 <Brutus> Exited ER2 Long @ 776.8 --> 0 10:07 <NihabaAshi> Covered 2/3 ER2 Short @ 776.60 --> + 1.5 A test of the 776.00 price area will give me my profit target of the day. 10:09 <Brutus> Long ER2 @ 777.1 <yvberj> Sht ER 777.4 out 776.6 <NihabaAshi> Covered Remainder ER2 Short @ 777.40 --> 0 Shorts ER2 @ 776.70 -> small size 10:10 <pat255> vn niha... 10:14 <NihabaAshi> Covered 2/3 ER2 Short @ 775.70 --> + 1 <pat255> not trade er @office ...:( <NihabaAshi> Covered Remainder ER2 Short @ 774.90 --> + 1.8 10:18 Trading Edge: 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) <pat255> dang had a good entry on es got out.. <Brutus> Long ER2 @ 774.4 -> Add 10:20 Hope its LOD 10:21 <PapaJon> it very well may be brutus... it def stop short of the low of last month or so 10:23 <Brutus> I'm trying to play for bigger moves 10:25 <PapaJon> also... 774.2 is very nice close of tremendous wrb <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) 10:30 <szubaark> too much chop this am.. gonna just go do something else. 10:33 * szubaark is now known as szubaark_away <RussellDaytrade> Brut, you trading a new strategy? <Brutus> Exited 1/3 ER2 Long @ 777.0 --> + 2.6 10:34 <eminitrader> nice B :) <Brutus> Exited 1/3 ER2 Long @ 777.5 --> + 0.4 10:36 Exited all ER2 Long @ 777.5 --> + 0.4 10:39 Still think LOD is in so 780 target in ER is acheivable imo As you can see RD the Strategy calls for holding for bigger moves :) 10:42 I am bearish for the week, but was not expecting today to be a down trend day 10:44 LOD may just be for the morning, I should clarify 10:47 <RussellDaytrade> smaller size on scaled entries?...oversold enough nearterm for this bounce...tiered sizing also, or consistent size entries on a scale? good trading, way to bail on the eraliest trade... <Brutus> Not really RD. Accept greater losses for a bigger and less frequent home run. 10:49 <RussellDaytrade> that low will likely hold <Brutus> But my daily prediction is improving so it is in that context that I am trying this 10:50 As you saw earlier I let some good profits get away but am up a decent amount. I would be nothing compared to holding for 780 10:51 <NihabaAshi> Shorts ER2 @ 778.30 -> small size 1 contract only because I'm in profit protection mode. 10:52 <Brutus> 780 is conservtive if you project an average ER range as a target 10:53 And use ES and NQ rages as a guide <NihabaAshi> Covered ER2 Short @ 778.70 --> - 0.4 10:54 Reverse and Enter Long ER2 @ 778.70 Exited Remainder ER2 Long @ 778.60 --> - 0.1 10:57 <pat255> later guys ..back to work..ty all 10:58 <NihabaAshi> Long ER2 @ 778.20 -> small size 2 contracts Exited Remainder ER2 Long @ 777.40 --> - 0.8 11:00 Long ER2 @ 777.50 -> small size 11:01 2 contracts Looks like the weird 1130am est price action started a little early today. 11:02 Almost right back where I started a few trades ago with a little profit. 11:05 ER2 volatility dropping dramatically...especting a volatility spike unless I'm having data problems. 11:06 <asuni> 1107 dark wrb in 1min chart 11:07 * codehead_afk is now known as codehead 11:08 <NihabaAshi> ER2 volatility has stabilized :( 11:09 Exited all ER2 Long @ 778.80 --> + 1.3 11:10 Ooops... Exited all ER2 Long @ 777.80 --> + 0.3 Shorts ER2 @ 777.70 -> small size 11:13 Shorts ER2 @ 778.10 -> Add Last trade of the day...I have a dental emergency :( 11:14 Covered all ER2 Short @ 778.70 --> - 1.6 11:15 * NihabaAshi is now known as NihabaAshi_away 11:16 * /nick: insufficient parameters 11:27 * NihabaAshi_away is now known as NihabaAshi <NihabaAshi> I have a dental appointment today at 3:30pm est... Will stop trading at 1:30pm est Long ER2 @ 780.30 -> small size 11:28 3 contracts <Brutus> 1245/1745 Fed Vice Chmn Kohn speaks on the 11:29 economic outlook at the Rotary Club in Atlanta 12:45 EST Fed Kohn <pdays> Long ER2 @ 780.0 «« testing »» 11:31 Long ER2 @ 780.0 11:32 <venedom> Long ER 780.20 paper <pdays> Exited all ER2 Long @ 780.3 --> + 0.3 <NihabaAshi> Volatility low but nothing weird about it because it is a few minutes past 1130am est. 11:33 <venedom> Exit ER2 779.90 -.3 paper 11:34 <NihabaAshi> Exited ER2 Long @ 779.90 --> - 0.4 Reverse and Enter Short ER2 @ 779.90 I have a large size short position Covered ER2 Short @ 780.40 --> - 0.5 11:37 Reverse and Enter Long ER2 @ 780.40 Same size...reversed between 780.00 to 780.40 11:38 Exited ER2 Long @ 780.00 --> - 0.4 11:39 Reverse and Enter Short ER2 @ 780.00 <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) 11:42 <NihabaAshi> Anybody in here get any news alert about NYC being hit by a mysterious GAS ??? 11:46 If so...at what time ??? THey say its not dangerous but I was wondering what time the news hit the wire services. 11:47 <Brutus> 10:21 EDT theflyonthewall.com: NYPD says odor is "not harmful"-Fox News 11:48 <ItalianSharp> cnn and fox arent talking abou tit <asuni> i have the new at 1024 <NihabaAshi> Ok...thanks...that correlates with the bounce in the Eminis wiht the GAS not being harmful. 11:49 <Brutus> 09:40 EST DJ NY City Officials Investigating Gas Smell -MSNBC 11:51 <NihabaAshi> Thanks Brutus, now I have the reason for the drop this morning and the lack of volume during such... 11:52 Traders busy watching the news source while some where liquidating positions. 11:53 I have some data problems that includes ny news subscription...can't get Eurex and my news source. <Brutus> DJ puts the first 9:40 gas news as a minor, un-highlighted news 12:01 Then the all clear is given in highlight 12:02 <NihabaAshi> The volatility of the market saids it was an issue. Shorts ER2 @ 780.50 -> Add 12:03 <Brutus> Just indicating how I have seen some 'important' news items played down when they first break But once stops have been run the green ligh is flashed for all to see 12:04 <NihabaAshi> Yep Covered all ER2 Short @ 781.00 --> - 1.5 12:13 Long ER2 @ 781.00 -> large size Exited all ER2 Long @ 780.30 --> - 0.7 12:16 <Brutus> Why are you fishing in the Bermuda Triangle ? 12:18 <NihabaAshi> It's bearish but it doesn't want to break down...keeps itching upwards :( 12:19 Simply, it will break down...just trying to be there when it does. <Brutus> Yes waiting for 12:45 EST Fed Kohn Also watch for a posibility for ES to pop HOD and reverse 12:20 <NihabaAshi> Shorts ER2 @ 780.20 -> large size Covered all ER2 Short @ 779.60 --> + 0.6 12:25 Shorts ER2 @ 779.40 -> large size 12:27 Covered all ER2 Short @ 779.20 --> + 0.2 12:32 Volatility dropping again going into that 1245pm est speech. 12:36 Shorts ER2 @ 779.30 -> large size 12:37 Tightning up my trailing stops now... 12:44 Covered all ER2 Short @ 778.80 --> + 0.5 12:47 <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) 12:51 <NihabaAshi> Long ER2 @ 779.80 -> large size Exited ER2 Long @ 779.70 --> - 0.1 12:57 Reverse and Enter Short ER2 @ 779.70 If this can break down with increasing volatility...I'll add to it and load the boat. 12:59 :( 13:01 It dropped on no increasing volatility. <ItalianSharp> price action sucks again today...i am more than happy i've had the trading acumen to stay out all day...lots of props to all those who are making money thus far 13:09 <NihabaAshi> I finally got the price direction correct...just too tough to stay in a Short position. 13:11 <RussellDaytrade> IS, as best as i can see, this is typical price action. if you don't like this action, how and what is it you like to see, and what your preferred trade? <NihabaAshi> Covered all ER2 Short @ 779.10 --> + 0.6 13:13 I like the price action :) <ItalianSharp> RD: all minor moves seem to be quickly retraced, making it tough to hold onto a position...at least according to my trading style and timeframes 13:14 <NihabaAshi> I got the direction correct now...just tough to stay with the trade. I'm down 1.4k for the day...may load up on the next trade and go to 9 - 15 contracts if some volatility appears. 13:15 <ItalianSharp> RD: as far as the type of price action i like to see, rewind back to thrusday or even wednesday last week and take a look at the 2-3min charts...that's what i like to see 13:17 much smoother movements <RussellDaytrade> i happen to prefer days like today, as strongly trending days are more 'challenging' for me, as i usually am looking for a countermove, whether its up on a selloff, or down on a rally, etc. seems like typical price action to me, and all my model targets are fullfilling, as they usually do on days like today...ok, will look. <NihabaAshi> Shorts ER2 @ 779.20 -> large size 13:20 <ItalianSharp> RD: by the way, i am glad you make money on days like today :) 13:21 <NihabaAshi> Shorts ER2 @ 779.60 -> Add I'm loaded now. 13:22 Oh oh... <RussellDaytrade> last wednesday was indeed a string trend both short, and then long toweards the day end. 13:23 <NihabaAshi> It's now after 1:30pm est...hopefully volatility starts to improve because I'm running out of time. 13:30 Covered ER2 Short @ 780.10 --> - 0.9 13:33 Reverse and Enter Long ER2 @ 780.10 Sponsor: <Brutus> Target ES HOD <NihabaAshi> I'm preparing for another Short signal now that the volatility has started to rise. 13:34 Exited all ER2 Short @ 780.60 --> + 0.5 13:37 Shorts ER2 @ 780.60 -> large size 13:38 <Brutus> Shorts ER2 @ 781.5 13:42 <NihabaAshi> Covered ER2 Short @ 781.20 --> - 0.6 Reverse and Enter Long ER2 @ 781.20 <RussellDaytrade> i think its getin in gear to climb, you'all <NihabaAshi> I'm too slow on my reversals to catch the volatility that's coming from a mile away with easy visibility :( 13:43 Exited all ER2 Long @ 781.60 --> + 0.4 13:44 Exited all ER2 Long @ 781.50 --> + 0.3 <Brutus> Covered ER2 Short @ 781.5 --> 0 13:45 <NihabaAshi> Long ER2 @ 782.00 -> large size Exited all ER2 Long @ 783.20 --> + 1.2 13:48 <pdays> Shorts YM @ 12484 13:52 <NihabaAshi> Still about 1k in the red :( <pdays> exit stop set YM @ 12489 13:58 <NihabaAshi> Shorts ER2 @ 782.80 -> small size 13:59 Shorts ER2 @ 783.00 -> Add 14:01 3 contracts total <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) 14:03 <NihabaAshi> Covered 2/3 ER2 Short @ 782.70 --> + 0.3 14:04 Covered Remainder ER2 Short @ 782.70 --> + 0.1 Shorts ER2 @ 783.10 -> small size 14:06 3 contracts only <szubaark_away> i didnt get a Single trade signal today due to this chop crap and didnt make any up either :))) 14:08 <NihabaAshi> Covered ER2 Short @ 783.60 --> - 0.5 14:09 Reverse and Enter Long ER2 @ 783.60 Back to a 1 contract Long 14:10 <ItalianSharp> szu, dont worry about not being the market today...i didnt get any trade signal either except for 1 long trade which i didnt take due to unreliable price action...i am actually happy that i managed my emotions well and didnt get sucked into trading today...sometimes the best thing to do is to stay out 14:11 if you didnt have any signals, fine...wait till tomorrow and you'll get plenty of them <NihabaAshi> Exited ER2 Long @ 783.20 --> - 0.4 14:12 <szubaark_away> yes Italian.. thats part of Discipline 14:13 <NihabaAshi> Long ER2 @ 783.50 -> medium size 14:16 <pdays> Covered all YM Short @ 12489 --> - 5 <NihabaAshi> Exited all ER2 Long @ 782.20 --> - 1.3 14:19 Ooops Exited all ER2 Long @ 784.20 --> + 0.7 I'm down about 800 bucks and within striking distance on some size. 14:29 However, volitility is equalizing :( Shorts ER2 @ 783.50 -> small size 14:30 2 contracts only 14:31 If volatility shows up...will ADD or reverse into a medium size Shorts ER2 @ 783.60 -> Add 14:32 3 fats ones now. Covered 1/3 ER2 Short @ 783.00 --> + 0.6 14:35 Covered Remainder ER2 Short @ 782.20 --> + 1.3 14:39 Ooopss...incorrect again... Covered Remainder ER2 Short @ 783.20 --> + 0.3 Long ER2 @ 783.00 -> small size 14:42 2 contracts only Expecting a volatility spike here soon. 14:43 Exited ER2 Long @ 782.60 --> - 0.4 14:44 Reverse and Enter Short ER2 @ 782.60 5 contract short Volatility is there but I'm getting nothing out of it :( 14:49 The clock is ticking :( 14:53 <eminitrader> Long ES @ 1420.75 14:55 <NihabaAshi> Punks... 14:57 As soon as I tighten my stop...it retraces to take me out of the trade. 14:59 Covered all ER2 Short @ 782.40 --> + 0.2 Looks like I'm going to have to eat a -620 dollar loss plus a hundred or so in commissions... 15:01 Gotta leave for my appointment and can't hang around here any longer to see the volatility show up between 3pm - 3:45pm est. 15:02 <PapaJon> good luck at the dentist niha <NihabaAshi> See all tomorrow and depending upon how my dental appointment goals (emergency root canal I think) and how I feel in the morning... 15:03 I'm not sure if I will be here tomorrow morning. <PapaJon> niha.. one word.... <NihabaAshi> Geesh...that's 3 root canals in the past 6 years. <PapaJon> Tequila <NihabaAshi> I got a bottle of Cognac...that should do the trick tonight :)\ 15:04 <PapaJon> :) Louis 16th? or is 13th... 15:05 i forget Remy Martin Cognac Louis XIII 15:06 <eminitrader> :)) <PapaJon> $1,499.99 750 ML 15:07 cha-ching <eminitrader> whoa <PapaJon> i tasted it once... very small taste hehe was a freebie 15:08 <eminitrader> is it worth the money ? <PapaJon> not in my book <eminitrader> Exited 1/2 ES Long @ 1422.25 --> + 1.5 <PapaJon> i do like fine wines/liquors, etc... but would never pay that much 15:09 <eminitrader> not in mine either pj <PapaJon> :) great minds.. etc... lol <eminitrader> the best or the costliest drink i have had is the johnie walker blue @ $ 160 15:10 ther u go :) <PapaJon> :) <eminitrader> Exited 1/3 ES Long @ 1423.25 --> + 2.5 15:12 <PapaJon> nice trade et 15:14 <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) 15:15 <eminitrader> thx pj ..still holding 2 15:18 <PapaJon> :) <eminitrader> bread and butter set-up of mine... was worth the wait ..:) <PapaJon> 2 15:19 oops working on stats <eminitrader> of u trades ? 15:20 <PapaJon> yes 15:21 i almost have a complete year of stats for the current strategies that i use <eminitrader> thats good <PapaJon> just short 3 weeks NOT all of them were live trades 15:22 in fact most were not live but.. is still inspiring results now i just need the guts to commit and make them ALL live 15:23 <eminitrader> :)) <PapaJon> hardest part for me would never have thought it of me <eminitrader> for everyone pj <PapaJon> took a couple of really really nasty hits a couple of years ago... cant seem to get over the shell shock of it 15:24 is like PTSD <RussellDaytrade> trading the futures PJ, or other? <eminitrader> gotto move on ... <PapaJon> first hit was trading stocks, other was emini futures <eminitrader> gooto get it out of ur system pj 15:25 <PapaJon> however.. this past year has shown that the strats work fine <eminitrader> there u go ...thts ur confience builder 15:26 <PapaJon> yah.. i know et, easier said than done <eminitrader> true pj...but i went thru some too...was the only way i could trade after that <PapaJon> is crazy cuz, i will get a signal.. and look of the charts and action of the mkt.. tells me.. to stay out... and yet.. the trade will win 15:27 has bought a 91% win rate bout <eminitrader> actually thats the reason why i have not blown my a/c in the last 2 yrs <PapaJon> what reason et? 15:28 <eminitrader> the big hits i took pj...vowed never to repeat them <PapaJon> ah.. gotcha <RussellDaytrade> PJ, that is is high or higher, significantly, a win % as can be developed or expected, great stats. <eminitrader> if i do i promised i;d quit trading <PapaJon> thanx rd 15:29 what was ur previous profession et? <eminitrader> enginnering.. <PapaJon> structural, mechanical, electrical, computer? 15:30 <eminitrader> auto motive --MOTOWN <PapaJon> gotcha <Brutus> PJ http://www.bcx.net/hypnosis/self-hypnosi s-start.html <RussellDaytrade> time for the advent of electric vehicles from detroit 15:31 <eminitrader> hope so <RussellDaytrade> PJ, your methods and stats trend-trading, counter, other? short, long, both? single trades, scale-ins? 15:35 all intraday, or other? 15:36 <PapaJon> rd.. i basically have two methods.. and can go short or long 15:37 reversals and continuations i dont scale in... but do scale out eventually i expect that i would incorporate scale ins... i do see the opportunity many time s with these methods 15:38 <eminitrader> Exited Remainder ES Long @ 1422.75 --> + 2 <PapaJon> Brutus.. do you use self hypnosis? 15:39 brett stienbarger talks briefly talks about ptsd and treatment via emdr.... 15:40 <Brutus> Tried it seemed to help. Cannot be sure I was 'self hypnotised' <PapaJon> not sure what i think about it in relation to trading 15:41 hehe.. gotcha bru <Brutus> It is a form of positive visualisation <RussellDaytrade> EMDR? ptsd=posttraumatic stress symdrome? 15:42 <PapaJon> ptsd = post traumatic stress disorder 15:43 emdr = i forget.. limme look for it Eye Movement Desensitization and Reprocessing <eminitrader> thas new 15:44 <PapaJon> has to do with right brain left brain relationship Sponsor: <eminitrader> gotya <PapaJon> i believe that sitting at the beach.. (ocean) .. may be natural form of emdr <Brutus> Heres a crazy technique to try at the gym to help your trade entries <PapaJon> the sounds of the waves back and forth 15:45 very hypnotic and relaxing <RussellDaytrade> well, i think i have a little case of the latter, ptsd, gunshy on taking my signals, great stats with high %'s winners. <Brutus> OK so target is 10 hard reps you are on rep 8 or 9 visualise your trade setup ond you taking it. Doing this rep is taking the trade. It has to be a very hard rep to complete 15:46 It is a form of positive reinforcement and 'reframing' the moment 15:47 see yourself taking the trade with confidence and positive expectation 15:48 Make any sense? <PapaJon> yes.. somewhat... 15:50 <RussellDaytrade> yes, somewhat. are you or do you try and see yourself from outside yourself, as if you are an observer? have seen and read that described by various successful traders, psychologists, etc. 15:51 <Brutus> Yes, see yourself, feel the emotion be in the moment 15:52 Just like training for any sports event You have to see yourself win and belive it 15:53 <RussellDaytrade> thx Brut, train to trade by trading, and train to trade by visualizing. 15:54 <Brutus> Yes if you dont short circuit your current emotions and psychology you will repeat it every time, no matter what back testing you done etc imo 15:56 <PapaJon> you all have a great evening... will cya tomorrow, cheers! 15:57 <RussellDaytrade> the excellent work and stats i have developed, while exhibitting a high degree of accuracy, frequency, and win-rates, still don't complete the components neccessary to get me more actively trading. 15:59 so long PJ 16:02 <Brutus> The other thing RD is when I replay the recordings and the perfect setup comes, I go crazy on the buy (or Sell) button, like walking yourself through the trade numerous times. 16:09 Rewind play, rewind play until it is burned into the subconcious 16:10 <werner> gn all 16:12 <RussellDaytrade> thx Brut, this area is beginning to touch upon where i can use the most developing. your recordings, they in your head, or you play an actual recording? 16:14 <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) 16:24 <Brutus> Replaying actual RT recordings is best. Mine are the 15s snapshots that I sequentually play, but its good enough. Once I upgrade the computer setup I will do RT recordings. <RussellDaytrade> well, those all sound like excellent and training aids, recordings, visualizations, replays of setups, etc. i found the particular trading strategy you employed today of great interest, since it resembles the area i am most inclined to use. 16:29 i am inclined to believe it will work a high % of the time, if one can discern and distinquish, and avoid, the strong trending days, etc. 16:31 <Brutus> Just trying to integrate multiple time frames and probabilities on the action. Apply your intraday methods on a 15 min chart over multiple days RD 16:34 OK have to run Cul8r 16:35 <RussellDaytrade> so long. <Awash> . 17:09 <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) 17:36 * DisconnectedSession Close: Mon Jan 08 18:31:11 2007 18:31
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