#FuturesTrades January 16th Tuesday 2007 Trade Log
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ER2 EuroFX EC +22.00 +0.0000 $2,200.00 $0.00 Trading Perspective
I had a bearish bias at the open based upon the s/r zone around the highs of late December 2006.
However, due to over-analysis I enter a large short position about 7 ticks late, costing my a chunk of money along with additional stress due to the poor trade entry.
That extra stress caused me to mismanage my exit and not ride the trade as an intraday position trade (holding until at/near the close).
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: Tue Jan 16 09:29:49 2007Session Ident: #futurestrades * Now 09:29 <X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm <pat255> wow er ... 09:34 <NihabaAshi> Shorts ER2 @ 804.00 -> large size 09:37 Covered 2/3 ER2 Short @ 803.60 --> + 0.4 09:38 <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) 09:39 <les> Shorts ER2 @ 803.6 «« paper »» 09:40 <NihabaAshi> Covered ER2 Short @ 802.90 --> + 1.1 09:41 <les> Covered 1/3 ER2 Short @ 803.3 --> + 0.3 «« paper »» no <NihabaAshi> Holding 1 contract <les> Covered 1/3 ER2 Short @ 803.1 --> + 0.5 «« paper »» <NihabaAshi> Covered Remainder ER2 Short @ 803.90 --> + 0.1 09:42 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) <les> Covered Remainder ER2 Short @ 804.1 --> - 0.5 «« paper »» 09:43 <NihabaAshi> Shorts ER2 @ 803.40 -> small size 09:50 :( 09:51 <pat255> bummer <NihabaAshi> I let that one slipped through my fingers :( Covered all ER2 Short @ 803.20 --> + 0.2 <RussellDaytrade> need to step away for a litle while, will cover that fridat short at 801 at 802, if it gets there, (i think it will), perhaps in the next few miniutes, or in the morning session 09:58 Covered all ER2 Short @ 802.1 --> - 1.1 «« paper »» 09:59 <szubaark> Shorts NQ @ 1862 «« paper »» <eminitrader> what just happened to ER ? 10:00 <szubaark> Covered all Short NQ at 1859.50 --> + 2.5 «« paper »» <RussellDaytrade> well, ask and thou shall recieve, thx. <eminitrader> :)) <pat255> nice RD... 10:01 <eminitrader> nice quick one szu :) <szubaark> thnx emini see pm 10:02 <NihabaAshi> Shorts ER2 @ 800.30 -> small size 10:05 There's a little support here...if it doesn't break down...its any easy position reversal for me. 10:06 Covered ER2 Short @ 800.90 --> - 0.6 10:07 Reverse and Enter Long ER2 @ 800.90 Exited all ER2 Long @ 801.00 --> + 0.1 10:09 Shorts ER2 @ 800.20 -> large size 10:10 Shorts ER2 @ 800.60 -> Add 10:11 Covered ER2 Short @ 801.00 --> - 0.8 10:16 Reverse and Enter Long ER2 @ 801.00 Exited ER2 Long @ 800.50 --> - 0.5 10:19 Reverse and Enter Short ER2 @ 800.50 <pat255> mkt cluless.... meandering ... <NihabaAshi> Those reversals just ate up my profits :( <RussellDaytrade> Long ER2 @ 800.8 «« paper »» 10:20 missed entry, gonna chase it today <NihabaAshi> I just became bearish but it doesn't want to drop to the 799.00 price area. <RussellDaytrade> premise for long trade: diminisahed volumer on the retest, stop at lows 10:21 Exited all ER2 Long @ 801.4 --> + 0.6 «« paper »» 10:22 <NihabaAshi> Shorts ER2 @ 801.60 -> Add <RussellDaytrade> stepping away, will buy 799, if gets there 10:26 <szubaark> Buys NQ @ 1855.50 «« paper »» <NihabaAshi> :( 10:28 * NihabaAshi is now known as NihabaAshi_away <szubaark> exit stop set NQ @ 1855.50 «« paper »» 10:29 Exited all Long NQ at 1858 --> + 2.5 «« paper »» 10:31 <asuni> test 10:32 <szubaark> you pass <asuni> thanks szu <eminitrader> lol <asuni> :-) <eminitrader> nice szu...missed my ES long by 1 tick :( 10:33 <pat255> :( 1437 area? 10:34 <eminitrader> 37,25 yes had the limit in ...this time was no fill 10:35 <pat255> :( <eminitrader> still a long day :)) <pat255> yes ..did not take E entry too...stch did not line up.. 10:36 & saw Niha reversing ..so just wait <eminitrader> i was looking for a pullback from fridays move 1434-1437 area 10:37 <NihabaAshi_away> Covered 1/3 ER2 Short @ 800.30 --> + 1.3 10:39 I'm a little slow on my posts...gotta lot of distractions here. Covered 1/3 ER2 Short @ 799.10 --> + 1.4 10:40 <RussellDaytrade> Long ER2 @ 799 «« paper »» 10:41 stop = BE trying to hold this one for a little gain 10:44 will sell if vol picks up to downside 10:45 Exited all ER2 Long @ 799 --> 0 «« paper »» gonna jump back in if bounces Long ER2 @ 799.1 «« paper »» stop 798.7 10:46 <NihabaAshi_away> Geeesh...ER2 still within an s/r zone and will need to drop at least another point to go below that zone. <PapaJon> er2 playing its own game again today * NihabaAshi_away is now known as NihabaAshi <RussellDaytrade> Exited all ER2 Long @ 798.7 --> - 0.4 «« paper »» 10:47 <PapaJon> other emini's are being stubborn <eminitrader> now i understand pj.. <PapaJon> :) <eminitrader> :) <RussellDaytrade> too early for going long relative to the past several days action, perhaps after a little more down there's a bounce that'll work for a few points up. <eminitrader> called the beast for a reason... 10:48 <RussellDaytrade> Long ER2 @ 798.5 «« paper »» <eminitrader> looking in the 795-96 area for a paper long <RussellDaytrade> stop = 798 <PapaJon> hidden gap will fill at 796.7 10:49 <NihabaAshi> Covered ER2 Short @ 798.30 --> + 2.2 Holding 3 contracts remainders <PapaJon> nice niha <pat255> vn niha ..got chopped up .. <RussellDaytrade> Exited all ER2 Long @ 798 --> - 0.5 «« paper »» Long ER2 @ 798.2 «« paper »» 10:50 stop 798 <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) 10:51 <RussellDaytrade> do i hear 801.5, will anyony one gimme 801.5?, going once...going twice...SOLD! 10:54 <pdays> Shorts ER2 @ 799.1 «« paper »» 10:55 <RussellDaytrade> retest, secondary entry long <pdays> Covered all ER2 Short @ 798.6 --> + 0.5 «« paper »» <RussellDaytrade> Long ER2 @ 798.7 -> Add «« paper »» 10:56 stop = lows will ad one at 799.5 10:57 if not stopped out, etc 10:58 buy stop to enter long ER2 @ 799.5 «« paper »» 11:00 gonna try buying on the 'sunny side o' the valley' today. 11:01 Niha, is there a volatility spike scheduled to lift my position coming? 11:02 <NihabaAshi> Covered ER2 Short @ 799.70 --> + 0.8 Holding 2 contracts remainders <RussellDaytrade> Exited 1/3 ER2 Long @ 799.9 --> + 1.2 «« paper »» 11:03 <NihabaAshi> Covered ER2 Short @ 799.90 --> + 0.6 <RussellDaytrade> sold the higher priced one <NihabaAshi> Holding 1 contract remainder More family distractions... 11:04 be back later. Will post late trade result. * NihabaAshi is now known as NihabaAshi_away <RussellDaytrade> stops at BE on each contract, 798.7, 798.2, not adding, wanna let trade work out, or close flat, etc. 11:06 target 800.5 or so on trade. model targets 801.5 and above, have reduced by 'user discretion, actual targets higher. 11:08 Exited 1/3 ER2 Long @ 800.2 --> + 0.7 «« paper »» 11:09 <pat255> emini looking S in es? 11:10 <RussellDaytrade> Exited all ER2 Long @ 800. --> + 0.5 «« paper »» <eminitrader> prolly 40 area if there is pa set-up <pat255> k thks * NihabaAshi_away is now known as NihabaAshi 11:11 <RussellDaytrade> close enough, gotta add it up and see if i made up for earlier DD's. <NihabaAshi> Covered Remainder ER2 Short @ 800.30 --> + 0.2 <RussellDaytrade> need a secretary. <eminitrader> Long ES @ 1438 «« paper »» 11:21 <RussellDaytrade> may make a fast move up inhere. Long ER2 @ 798.9 «« paper »» 11:27 Exited all ER2 Long @ 799.4 --> + 0.5 «« paper »» 11:28 may se that 801.5 on this move, (if manifests), 800.5 as pivot fro 801.5 target, etc. 11:30 good place for longs to 'gaff' shorts in here, for a fast 'surprise attack'. 11:33 <eminitrader> Exited 1/3 ES Long @ 1439 --> + 1 «« paper »» 11:36 <pat255> today is the day to aer tarde 11:37 paper <eminitrader> mine is a real trade pat <pat255> k...i saw paper trade 11:38 <eminitrader> from fri...was testing the er2 :) <pat255> but ...profitable tarde ..:) <eminitrader> Exited Remainder ES Long @ 1438 --> 0 11:39 Sponsor: <pat255> ah ha nice hope u join us in er byt be careful this wild .. <eminitrader> dont see that for some time .. maybe paper... 11:40 <NihabaAshi> Shorts ER2 @ 799.90 -> small size <pat255> np...i am thinking the same switch to es & nq.. er wild ... <eminitrader> es fits more my style yep * codehead_afk is now known as codehead 11:46 <pat255> S er 800 11:48 <NihabaAshi> Covered 1/2 ER2 Short @ 799.60 --> + 0.3 11:50 <pat255> out 99.5 ty niha <NihabaAshi> Covered Remainder ER2 Short @ 799.70 --> + 0.2 11:51 pat255, good entry on that short. 11:53 I wanted an entry of 800.20 but got too aggressive on the trade and entered a little too early. <asuni> niha, can u look at str room? 11:54 <pat255> jus saw it hesitate there ..so took it ...dang 1 car ...:( still in red for today ...:( <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) 12:03 <pat255> ty guys ..c u all later.. 12:24 <RussellDaytrade> Long ER2 @ 798.8 «« paper »» 12:39 stop 798 / lod 12:40 don't really like the setup /chart formation, just wanna put on a trade. very small profit target. 12:41 799.4-5, though it could see near 800 on a bounce, (if happens) 12:42 Exited all ER2 Long @ 798.7 --> - 0.1 «« paper »» 12:44 feeling light in the fortitude dept right now 12:46 want another level down before willing to take a long 12:47 <Brutus> NIce trading this AM RD :) <RussellDaytrade> Long ER2 @ 797.9 «« paper »» chaseing it a bit cuz i wanna play, missed the entry cuz i was sllooooowwwww. 12:48 think i can 'fortitude it' in here a little better, (not much, hopefully just enough to convert. 12:49 fortitude cuts both ways, at least for me ok, they got me again, now whadda i do?...punt! 12:51 800.5 in approx 50 from lows, that seems high, today, will settle for 799, if gets there,could be a while, timew to do some statistics updates, get 'caught-up', oooh, don't like that terminolgy) 12:57 did good in the am with soem calls/read on the market, (somewhat), (thx Brut), this is about the time when i begin to 'misfire' a bit, hopefully a little patience will win the day, not asking for much, just a buck, but since i entered a buck early, really asking for two. 13:00 according to price/time projections trendline, may be about 15-20 minutes to 799, if gets there, feel free to move about the cabin, ladies and gents. 13:03 buy stop to enter long ER2 @ 800 «« paper »» 13:09 phony 'magnet' order <eminitrader> :) <RussellDaytrade> feel like adding long, but gonna pass, i gues thats PPM kicking in 13:11 <Brutus> 13:13 EST *DJ OIL FUTURES: Nymex Crude Falls Below $51; New 20-Mo Low 13:13 <RussellDaytrade> them 'late' oil shorts must be gettin anxious to 'leak' oil bust trade from some hedge-fund, so they can cash in. what the heck am i doing long here??? 13:15 <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> Long ER2 @ 796.80 -> small size 13:16 <RussellDaytrade> that low may hold, new targets: up 3.5 from lows in approx 50 min from lows, crop it today and settle for .7 or so of OA target, so 2.5 or so, or, can try for first buck and ahalf, usually works, (about 80 percenter), from lows, if late on entry, reduce target by however much off the lowest price entry weas, etc 13:20 <NihabaAshi> Geeesh...this should have already tested 797.30 by now. 13:21 <ItalianSharp> looks like the bears have the strong hands today 13:22 <RussellDaytrade> Long ER2 @ 796.7 -> Add «« paper »» little bit of a 'hail Mary' trade. close stop on the add. 13:23 lod modulating risk exposure via trade size, etc, on the add 13:24 markets been going down for 4 hours, may have a little balancing act coming in here, nothing major, just a couple/three bucks, (hopefully), slow mover if happens??, thats my thinkin 13:27 <NihabaAshi> Exited 1/2 ER2 Long @ 797.00 --> + 0.2 13:33 <RussellDaytrade> have to hold for 3-4 days if you wanna take that big a move. 13:35 <NihabaAshi> :) 13:36 <RussellDaytrade> i wouldn't bet against on it, either. i wouldn't bet against you on it, either. thats better. 13:37 <NihabaAshi> Hopefully, this coming October and November I can catch a +20 point move on some size in a swing trade. 13:38 Exited ER2 remainder @ 796.80 -> 0.00 13:39 <RussellDaytrade> the 'bounce' is taking on a 'flattish' character. may have to rethink this long trade. stop(s) at lod - a tick or two. on a 2 c trade, that would eat up msot of hypo profit(s) so far. will just let trade either work or not, and let price action 'giveth or taketh awayeth'. 13:43 Exited all ER2 Long @ 796. --> - 4.7 «« paper »» that doesn't seem right, it was 796.3 13:44 <ItalianSharp> looks like this market doesnt want to rebound...very slow and controlled downmove...10 13:48 10-15 ticks down, 6-7 up... <RussellDaytrade> oil free falling some more, down approx 30% off mean average highs. somebodies gonna get taken (being taken) to woodshed, just waiting to hear the details at this point. 13:49 no more longs for me until after the news is disseminated, plus a day or two or three. anybody gotta a friend in the oil pits? can probably get early word on it by now. 13:52 cancelled all open stop orders «« paper »» 14:27 <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) <RussellDaytrade> after all is added and subtracted, up .5 for day, including last fridays/this am's 1.1 loss on that short. system calculated i was also long 1 from 800 lmt buy, whicjh i was not. loss on the last set was 2.0 total all c's (-1.6, and -.4). still got money to play! with comm likely flat or so, lotta effort. psst it dropped my w:l ratios on closed trades, was gaining on it this am 14:37 <ItalianSharp> russell is the dead index today 14:48 looks like there is a block of short orders that keep it from going higher <RussellDaytrade> IS, perhaps the nas tests its breakout zone near 2460 or so. 14:53 <ItalianSharp> i am done trading...cant trade this crap 14:55 see you all tomorrow fellas Sponsor: <RussellDaytrade> so long IS, is it nightfall there in Italy? 14:56 Shorts ER2 @ 795 «« paper »» 14:59 fkit, can't beat 'em, join 'em! Covered all ER2 Short @ 794.6 --> + 0.4 «« paper »» 15:00 <Brutus> Dang RD a winner and no DD 15:03 <RussellDaytrade> how about that Brut, who'd 'a thunk it? definitely not accustommed to those style of entries. had to close it quick, probably some variation on a 'vengeful-type' trade. 15:05 since the beginning of 07, actually 12-29 the profit to DD ratio on all the trades i have posted on SL, is 4.43:1 longs, and 1.64:1 shorts. profitable, but likely too skewed against me to acutally trade it, so, if it 'untradable', thats almost tantamount to not being feasible, despite being profitable, so, i gotta make some 'more refined' entry strats... 15:13 even a 1:1 ratio, (which seems high) may in actuality be a somewhat realistic expectation. any ideas anyone? thx. 15:14 focus on shorts only!! <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) 15:39 <werner> gn all 16:02 <NihabaAshi> Take care all. 16:16 * NihabaAshi is now known as NihabaAshi_away * DisconnectedSession Close: Tues Jan 16 16:17:54 2007
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