#FuturesTrades January 23rd Tuesday 2007 Trade Log
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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.
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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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ER2 EuroFX EC +27.10 +0.0000 $2,710.00 $0.00 Non-Traditional Market Breadth for the Emini Futures
The trading day didn't look so hot for me out of the gate due to the fact I missed a bullish signal (family reasons).
However, when the second bullish signal appeared...I took it but panic on a retrace and reversed the losing position into a losing short position due to the fact my volatility analysis was incorrect.
The missed trade signal and two consecutive poor trades was only compensated when volatility increased and I decided to jump on the wagon sort'uv speak with some extra size.
Further, as soon as I got settled into the market behavior that's connected to the price reaction to NYMEX Oil, COMEX Gold and President Bush pending State of the Union TV address to the American people...I knew the trading day would result in my favor.
By the way, several months ago I gave hints about when its important as an Emini Futures trader to monitor the price action of NYMEX Light Crude Oil because they behave as a market breadth index (market internals).
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 23 09:30:46 2007Session Ident: #futurestrades * Now talking in #futurestrades 09:30 <X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTra desChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrad es.htm <pat255> what is overnite low figure? 09:33 <RussellDaytrade> 779.2 <pat255> ty <RussellDaytrade> yw <pat255> S 31 es 09:34 out .25 09:37 <RussellDaytrade> Long ER2 @ 780.5 «« paper »» 09:40 <NihabaAshi> Long ER2 @ 781.10 -> large size 09:43 <les> Shorts ER2 @ 780.3 09:44 <NihabaAshi> Exited all ER2 Long @ 780.30 --> - 0.8 09:45 Shorts ER2 @ 780.70 -> large size 09:46 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) <RussellDaytrade> Exited all ER2 Long @ 781.7 --> + 1.2 «« paper »» 09:47 <NihabaAshi> Covered ER2 Short @ 781.80 --> - 1.1 Reverse and Enter Long ER2 @ 781.80 <ItalianSharp> another great start with ER2 volatility...the open has started to become untradable 09:50 <RussellDaytrade> that reminds me of the saying, 'if you don't like the weather, wait a half an hour'. 09:51 <NihabaAshi> Exited 1/2 ER2 Long @ 783.50 --> + 1.7 <les> Covered ER2 Short @ 782.6 --> - 2.3 Reverse and Enter Long ER2 @ 782.6 <szubaark> Shorts NQ @ 1795.25 «« paper »» 09:52 <eminitrader> Shorts ES @ 1431 Covered 1/3 ES Short @ 1430 --> + 1 09:55 <pat255> vn <Brutus> 1000/1500 Dec Conference Board Leading Econ 0.2% +0.1% Indicators 1000/1500 Jan Richmond Fed Mfg Index -6 09:56 <eminitrader> u had a very nice entry this am pat.. Covered Remainder ES Short @ 1431 --> 0 <pat255> yeah emini 1 car :( <szubaark> Covered all Short NQ at 1797 --> - 1.75 «« paper »» <NihabaAshi> Exited ER2 Long @ 784.20 --> + 2.4 09:57 Still holding some contracts <pat255> vn niha <szubaark> Shorts NQ @ 1796.50 «« paper »» <les> exit stop raised ER2 @ 783.5 09:58 <NihabaAshi> Exited ER2 Long @ 784.80 --> + 3 Holding 4 contracts <pat255> niha trading 100 ctrcts..lol 09:59 <NihabaAshi> I wish especially on this trade. My max allowed is 25 contracts and today is not suitable for such. 10:00 <pat255> gl.... <NihabaAshi> Exited ER2 Long @ 785.10 --> + 3.3 10:02 Holding 3 contracts <les> Exited all ER2 Long @ 784.1 --> + 1.5 bummmer <pat255> vn guy <les> problem with ninja forsed me to close the long <eminitrader> Shorts ES @ 1431.50 10:03 <NihabaAshi> Looks like that postponed Leading Indicator report from yesterday to today caused this volatility this morning... 10:04 The afternoon will be more interesting because its before President Bush nation address speech tonight. 10:05 <szubaark> exit stop set NQ @ 1796.50 «« paper »» <eminitrader> Covered 1/2 ES Short @ 1429.75 --> + 1.75 10:06 <szubaark> nice emini <eminitrader> thx szu ...was expecting 1 more tick .. <pat255> latr guys back to work.. 10:07 <RussellDaytrade> Shorts ER2 @ 785 «« paper »» <szubaark> Covered all Short NQ at 1794.25 --> + 2.25 «« paper »» 10:08 <NihabaAshi> Tonight will be President Bush first State of the Union address to a democratic-controlled congress :) 10:09 Tomorrow's market out of the gate should be very interesting. <eminitrader> Covered Remainder ES Short @ 1431.50 --> 0 10:10 <les> Long ER2 @ 785.8 10:11 <RussellDaytrade> Covered all ER2 Short @ 783.9 --> + 1.1 «« paper »» 10:13 <NihabaAshi> Exited Remainder ER2 Long @ 784.10 --> + 2.3 Sponsor: <les> Exited ER2 Long @ 784.1 --> - 1.7 Reverse and Enter Short ER2 @ 784.1 <eminitrader> Long ES @ 1429.75 10:14 <NihabaAshi> I'm officially in profit protection mode...will do a 2 contract trade and then move to 1 contract trading only. <szubaark> Nice job Niha. <NihabaAshi> Long ER2 @ 784.50 -> small size 10:16 Expecting a volatility spike due to the declining volatility. 10:17 <szubaark> Buys NQ @ 1792.50 «« paper »» 10:19 <NihabaAshi> Exited all ER2 Long @ 785.00 --> + 0.5 <eminitrader> Exited 1/2 ES Long @ 1431.25 --> + 1.5 10:20 <szubaark> exit stop set NQ @ 1792.50 «« paper »» <RussellDaytrade> Shorts ER2 @ 785.3 «« paper »» <szubaark> Exited all Long NQ at 1792.50 --> 0 «« paper »» :(( <NihabaAshi> Shorts ER2 @ 784.40 -> small size 10:22 <szubaark> Shorts NQ @ 1791 «« paper »» <NihabaAshi> 1 contract only <eminitrader> Exited Remainder ES Long @ 1429.75 --> 0 <RussellDaytrade> Covered all ER2 Short @ 784.3 --> + 1 «« paper »» 10:23 <eminitrader> Long ES @ 1429.75 10:24 <NihabaAshi> Volatility dropping again...expecting a volatility spike here soon. 10:25 <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> Comex GOLD futures doing well today so far. 10:28 Covered ER2 Short @ 785.20 --> - 0.8 10:30 Reverse and Enter Long ER2 @ 785.20 <eminitrader> Exited 1/3 ES Long @ 1430.75 --> + 1 exit stop raised ES @ 1429.25 10:32 <szubaark> big consolidation here before next move <eminitrader> ES/NQ seemingly bullish...will know soon :) 10:33 be back...stops in 10:34 <NihabaAshi> Volatility at equilibrium :( <les> Covered ER2 Short @ 785.5 --> - 1.4 10:35 Reverse and Enter Long ER2 @ 785.5 <NihabaAshi> Exited ER2 Long @ 785.50 --> + 0.3 Shorts ER2 @ 785.60 -> small size 10:36 1 contract only Covered ER2 Short @ 785.90 --> - 0.3 10:38 Reverse and Enter Long ER2 @ 785.90 Exited ER2 Long @ 786.00 --> + 0.1 10:41 Be right back...got some distractions here. 10:42 * NihabaAshi is now known as NihabaAshi_away <les> Exited all ER2 Long @ 786.2 --> + 0.7 10:44 <RussellDaytrade> Shorts ER2 @ 786 «« paper »» 10:46 <les> Shorts ER2 @ 785.7 10:50 <eminitrader> Exited Remainder ES Long @ 1450.75 --> + 21 oops Exited Remainder ES Long @ 1430.75 --> + 1 er2 786.40 sell paper 10:51 1 pt stop 2 exit targetst if profitable 10:53 <RussellDaytrade> Covered all ER2 Short @ 786.2 --> - 0.2 «« paper »» 10:55 <eminitrader> er2 stop @787.10 10:56 stop er2 @ 786.70 10:58 taking too long for it to work out as signalled <RussellDaytrade> not feeling as much fortitude to stay with it, for a couple reasons. i find it interesting that since i am up for the morning, am not as inclined to 'fight back', and am more satisfied to watch and wait, so-to-speak. perhaps a natural ppm kicking in. anyone else care to comment? <eminitrader> same here ...done with the ES for the day...paper trade till pm ...guess it depends on ur targets for the day 11:00 will re-enter the ES if able to interpret the flow ..till then i'm done 11:01 <szubaark> Covered all Short NQ at 1795 --> - 4 «« paper »» :( <eminitrader> out ER2 ...loss 0.3 <szubaark> got caught in the chop.. just went Dead i was looking for a quick test of lows :(( <RussellDaytrade> good point EM, i am wondering, ways and methods that different traders utilize to 'keep the fire in their bellies' strong. for me, most times it seems to be 'fighting my way back'. wondering about other methods, for example, when one is ahead? 11:03 <eminitrader> what a situvation to be in...shut em down ...see u tomorrow ...happy golfing :)) 11:04 specially on days like these ...just noise till pm <les> Covered all ER2 Short @ 786.7 --> - 1 <RussellDaytrade> all courses here 'snowed in'. on the bright side, xc skiing right in town! <eminitrader> well i speak for the ES ...er2 has a nice trend now there u go 11:05 <RussellDaytrade> Shorts ER2 @ 787.6 «« paper »» 11:07 <ItalianSharp> price action is january has been very weird...the open is always a big battle and it looks like the winner of the open-battle gets the privilege to trend for a bit 11:08 this market is either extremely choppy or extremely trendy 11:09 <RussellDaytrade> Shorts ER2 @ 789.1 -> Add «« paper »» 11:14 * NihabaAshi_away is now known as NihabaAshi 11:18 <NihabaAshi> Poor fill... 11:20 Shorts ER2 @ 789.30 -> small size Shorts ER2 @ 789.60 -> Add 11:21 <les> Long ER2 @ 789.9 11:23 <NihabaAshi> Covered ER2 Short @ 790.00 --> - 0.7 11:24 Reverse and Enter Long ER2 @ 790.00 <les> today has all about getting the direction right <NihabaAshi> Last trade of the morning...my first trade execution error of the day. 11:25 <les> much harder to judge Exited all ER2 Long @ 790.2 --> + 0.3 11:27 <NihabaAshi> Exited 1/2 ER2 Long @ 790.20 --> + 0.6 11:30 That's a +0.20 and not a +0.60 Holding 2 contracts * codehead_afk is now known as codehead 11:31 <NihabaAshi> Exited ER2 Long @ 790.70 --> + 0.7 Holding 1 contract The reason why that was a trade execution error...I hit the buy button twice for 2 contracts (total of 4) when I only wanted 2 contracts. 11:32 Luckily its working in my favor but will call it quits for the morning after this. Will return late afternoon to see how the market is preparing for President Bush speech. 11:33 <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) 11:34 <NihabaAshi> Exited ER2 Long @ 790.10 --> + 0.1 11:35 Reverse and Enter Short ER2 @ 790.10 Covered Remainder ER2 Short @ 789.80 --> + 0.3 11:37 <pdays> Shorts ER2 @ 790.1 * NihabaAshi is now known as NihabaAshi_away <pdays> Covered all ER2 Short @ 789.6 --> + 0.5 11:41 <RussellDaytrade> i'm going for breakfast. perhaps something good will happen. long 2 ap 788.4 12:04 oops, thats short 2 ap 788.4 <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) 12:46 <RussellDaytrade> Shorts ER2 @ 792.5 -> Add «« paper »» 13:32 <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) 13:58 * NihabaAshi_away is now known as NihabaAshi 14:03 <RussellDaytrade> Covered ER2 Short @ 791.5 --> - 2.9 «« paper »» 14:04 sold the high one from 792.5, plus 1 14:05 still short 2 at ap 788.4, exlucisve of earlier gains and this gain. if calculated BE inclusive of closed trades gains from earleit today, ap on current opens isapprox 790.5 or so... 14:07 that drop just now to 790.5 fulfilled current down target, hopefully it is extended enough to upside to 'exceed' the target 14:08 <eminitrader> Long ES @ 1435.25 14:17 <RussellDaytrade> Covered all ER2 Short @ 788.8 --> - 1.2 «« paper »» 14:33 left the party a little early , as usual, but unbder the circumstances, will forgive myself. probably up about 400 net for day less com. 14:34 up 3.2 less com for day (35) 14:38 <eminitrader> Exited all ES Long @ 1433.25 --> - 2 14:43 <NihabaAshi> Shorts ER2 @ 787.80 -> small size 14:44 Shorts ER2 @ 788.40 -> Add 14:45 Covered 1/2 ER2 Short @ 787.70 --> + 0.7 14:46 That first entry was an open order fill :( 14:47 Didn't exactly go as plan because I didn't think there will be that much volatility 3-5 ticks above. 14:48 Tried something new that didn't work so hot. Covered ER2 Short @ 788.50 --> - 0.7 14:49 Reverse and Enter Long ER2 @ 788.50 Long ER2 @ 788.40 -> Add 14:50 Volatility has dropped...expecting a volatility spike. 14:51 Long ER2 @ 788.20 -> small size 14:54 <pat255> c u all am...stuck @office ..back to work ty all <NihabaAshi> Exited 1/3 ER2 Long @ 788.70 --> + 0.3 14:56 Exited 1/3 ER2 Long @ 789.20 --> + 1 14:58 Exited ER2 Long @ 789.40 --> + 1.2 Holding 1 contract 14:59 <RussellDaytrade> yNiha, you sure gotta knack for showing up about the right time 15:03 <NihabaAshi> Actually, I missed the drop because I was watching TV...a show called the "Weather Man". 15:05 :) <RussellDaytrade> if you don't like the weather, just wait about 20 minutes! <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) 15:07 <NihabaAshi> Exited Remainder ER2 Long @ 790.10 --> + 1.9 15:14 I may get lucky and get one more pattern signal here in about 30 secs. 15:17 No signal and I'm done for the day. Sponsor: <RussellDaytrade> Shorts ER2 @ 790.4 «« paper »» 15:19 <NihabaAshi> I'm done for the day. <RussellDaytrade> thats gonna be an overnighter, unless it pays me first, either way is fine by me, won't add to it, just gonna let it do whatever the heck it wants to. 15:20 Covered ER2 Short @ 789.5 --> + 0.9 «« paper »» 15:23 i'm likely gonna wish i kept that come tomorrow morning i'm kinda expectin that the State o the Unoin will (finally) be seen for the sham that it is, with a little fallout to follow. (you can fool some of the people all of the people, some of the time, and all of the people some of the time, but you can't fool all of the people all of the time) 15:27 <werner> gn all 16:11 <NihabaAshi> Take care all and see all tomorrow. 16:19 <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) * DisconnectedSession Close: Tue Jan 23 16:19:56 2007
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