#FuturesTrades January 24th Wednesday 2007 Trade Log
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ER2 EuroFX EC +9.60 +0.0000 $960.00 $0.00 Morning Trading versus Late Afternoon Trading
I'm one of those traders that struggles in the trading session after lunch due to being mentally tired.
It's a fact of trading from home with a family...I run out of gas by 1:30pm est.
Anyways, I was up very nicely in the morning trading session and lost almost 50% of my profits in the late afternoon trading session.
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: Wed Jan 24 09:27:43 2007Session Ident: #futurestrades * Now 09:27 <X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm <pat255> gm niha emini les szu & others 09:28 <NihabaAshi> Good morning all. I'm bullish out of the gate. <eminitrader> morn pat 09:30 <PapaJon> gm all <szubaark> gm <NihabaAshi> Long ER2 @ 790.70 -> large size 09:32 <szubaark> Shorts NQ @ 1801.50 «« paper »» 09:33 exit stop set NQ @ 1801.50 «« paper »» 09:36 <werner> gm all 09:38 <wizardofrijnsaterwou> werner <werner> yo wiske 09:39 <szubaark> Covered all Short NQ at 1798.50 --> + 3 «« paper »» <eminitrader> nice start szu :) 09:40 <szubaark> thanx.. <NihabaAshi> Exited 2/3 ER2 Long @ 792.00 --> + 1.3 09:41 <pat255> good start .. <NihabaAshi> Too bad I wasn't loaded on the large position but the market conditions this morning wasn't appropriate for such a size. <les> Long ER2 @ 791.9 09:42 <NihabaAshi> Exited ER2 Long @ 792.50 --> + 1.8 Holding 2 contracts <les> Exited all ER2 Long @ 793 --> + 1.1 09:43 <NihabaAshi> Exited ER2 Long @ 793.10 --> + 2.4 09:44 Holding 1 contract remainder I plan to cover when at least on of my market breadth fills its GAP from yesterday. 09:45 on = one <szubaark> Oil,Gold and which did i miss? <NihabaAshi> szu...doesn't matter which one...I just want one of them to do it. 09:48 Of the ones that GAPPed down at the Open...the first one that goes higher and closes its GAP from yesterday...I will exit my remainder. 09:50 The ones that GAPPED upwards at the Open... I'm ignoring their price action. <eminitrader> makes sense 09:51 <NihabaAshi> President Bush State of the Union address sets up a Bullish Intraday Market Tendency pattern... I'm just trying to exploit such along with trying to stay in the trade via using the info from other key markets I use as market breadth. 09:52 Maybe I'll get "lucky" and catch a trend day upwards for my remaining contract :) 09:53 Exited Remainder ER2 Long @ 791.30 --> + 0.6 09:57 Wasn't meant to be :( 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) <szubaark> NQ wants to close gap bad 09:58 <les> Long ER2 @ 791.8 10:00 <NihabaAshi> Long ER2 @ 792.00 -> small size 1 contract only <les> Exited all ER2 Long @ 792.3 --> + 0.5 10:01 <RussellDaytrade> Shorts ER2 @ 792.4 «« paper »» <NihabaAshi> Exited ER2 Long @ 792.20 --> + 0.2 Be back later...have a tiny emergency here :( 10:02 * NihabaAshi is now known as NihabaAshi_away <RussellDaytrade> this may be an unattended trade, as i will be taking daughter to school soon. if out, will cover 791 range, if trades there. 10:03 Covered all ER2 Short @ 791.4 --> + 1 «« paper »» 10:04 close enough <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) 10:10 <les> Long ER2 @ 791.5 10:11 Exited all ER2 Long @ 791.9 --> + 0.4 10:12 lucky to get that fill <pat255> :) 10:13 <les> VERY lucky <pat255> whi said trading is all skill...lol 10:15 <RussellDaytrade> les, if this moves up a bit more/renews it's strength, it may help explain in part that 'lucky fill'. 10:19 <les> agree :) 10:20 just looked a bit iffy at the time, and i wanted a quickie 10:22 um revise that a quick exit <PapaJon> hehe les les les <les> i would persdonally look elswhere for a quickie, not u lot 10:23 esp u jon hehe <Chilly> oil report at 10:30 est * NihabaAshi_away is now known as NihabaAshi 10:26 <pat255> S 4138.. 10:33 1438 es <NihabaAshi> Long ER2 @ 793.20 -> small size 10:35 <szubaark> Buys NQ @ 1803.25 «« paper »» <pat255> out .75 - 3 ticks <les> Long ER2 @ 794 <NihabaAshi> Exited 1/2 ER2 Long @ 793.70 --> + 0.5 Holding 1 contract 10:36 Exited Remainder ER2 Long @ 793.30 --> + 0.1 <szubaark> Exited all Long NQ at 1803.25 --> 0 «« paper »» 10:38 :( Shorts NQ @ 1802 «« paper »» 10:39 <NihabaAshi> The Oil report produce some nice volatility even though its now declining... Hopefully the volatility will continue declining to setup a pattern signal and/or volatility spike. 10:40 Still a tough s/r zone to break through above 792.00 - 794.00 10:43 Shorts ER2 @ 793.80 -> small size 10:45 <szubaark> real choppy here.. lots fof wicks on candles 10:48 <NihabaAshi> Covered ER2 Short @ 793.30 --> + 0.5 That was an intuition trade to see if I could exploit that upper area of the s/r zone. <szubaark> i need a Volatility spike to downside since im Short :) 10:50 <NihabaAshi> Volatility has declined far enough in that I'm now expecting a volatility spike here soon. 10:51 Hopefully downward for szu :) 10:52 <szubaark> :) <les> Exited all ER2 Long @ 798.8 --> + 4.8 wrong Exited all ER2 Long @ 793.4 --> - 0.6 <szubaark> im fighting trend looks like <les> Shorts ER2 @ 793.4 10:53 <szubaark> need patience of a saint for this <les> u know of any online ones? 10:54 <szubaark> Tick by Tick going higher 10:55 <les> Covered ER2 Short @ 794.4 --> - 1 10:58 Reverse and Enter Long ER2 @ 794.4 <NihabaAshi> NQ going higher on rising volatility. <szubaark> Covered all Short NQ at 1809.75 --> - 7.75 «« paper »» :(( <NihabaAshi> ER2 went higher on volatility at equilibrium over the past serveral intervals :( 10:59 szu, I think we call that a creeper up movement. 11:00 <szubaark> slow, controlled buying by the Bots crushing Retail in their way. <NihabaAshi> It moves very slowly at first in freezing us in our positions if the price action is going against our trade :( 11:01 <szubaark> just tough to get a good setup in this market lately.. too much crap and noise 11:03 <RussellDaytrade> Shorts ER2 @ 794.8 «« paper »» 11:07 <les> Exited all ER2 Long @ 794.5 --> + 0.1 <RussellDaytrade> Covered all ER2 Short @ 793.9 --> + 0.9 «« paper »» 11:14 <ItalianSharp> szu, i agree. january has been hell for me. not that i am an experienced trader like niha, but still...very tight market, sudden bursts in both directions all the time...tough to hold onto winners...it looks like the best solution is to have a very a strong biased and hold onto your trade with good tolerance...if you have no bias, just dont trade <pat255> verytrue IS 11:15 niha smelled it right this am... 11:16 <ItalianSharp> as a daytrader, you like to trade price action...so usually having a clear bias for the market is not required...however, i've started to believe that if you dont have a bias, all you are going to trade is crap <eminitrader> thats how its got to be day after day IS...your read of the flow needs to be ur bias...its the noise u have to be able to get thru...but as long as its within ur risk tolerance ...it shld be good 11:17 <ItalianSharp> i would much rather lose 2-3 points right away because my bias was wrong, rather than 5 trades by 6-8 ticks each, trading a choppy market and being shaken in and out of my positions <szubaark> im glad im paper trading this crap.. getting hammered for -7 point Stops on NQ would hurt <ItalianSharp> emini: thats very true. And the more I understand about this concept, the more I figure that I must forget about my 8-tick stop on ER2 11:18 when you trade the open, you are gonna get killed if you have a 8-tick stop <eminitrader> yep ...it took me quite a while to get away from fixed stops <szubaark> 7 point.. 8 tick is nothing in this noise <eminitrader> thats the pt szu.. 11:19 <ItalianSharp> and this is exactly why its totally worthless trading with 1 contract <szubaark> yes.. but i need to learn to crawl first before walk <ItalianSharp> you have to trade with multiple contracts because those few times the market gods allow you into a trend, you must milk the fat bastard cow until the last drop of milk is out <eminitrader> even when we r in a trade if the stop is way beyond our normal tolerance...we reduce size...so the piont here is ..is it worth the effort <ItalianSharp> risk:reward 11:20 sometimes -very rarely - you get setups where your initial stop is incredibly low...some other times, you look at the risk side fo the trade and you get a heart attack <eminitrader> lol 11:21 <ItalianSharp> i also believe the general conviction for newbies like myself is that when you enter a trade, you are too much focused on the negative side of it...WHAT IF I LOSE??? 11:22 <pat255> true IS <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) <ItalianSharp> the thing is: before your initial stop is taken out, the market takes a while...i dont know about others, but i am always afraid of the EVIL SPIKE 11:23 probably i have been trading too much FOREX thats where i got hung onto this deterioration f reality <eminitrader> yWell thats good in a way IS...cause u shld think abt losing before entering a trade ..not abt winning...REMMBER its a loser's game and u'll come out ahead <ItalianSharp> emini: yes, that's exactly what i am talking about...its a losers game and the best losers win it 11:24 if you can lose well, you are fine nevertheless, if you want to keep your losers small...how can you do that with an initial stop which is pretty huge??? 11:25 <eminitrader> as long as ur preparedfor a loss...although it may not happen ...u r better prepared to move on to ur next trade...will avoid revenge trades/overtrading/putting on size.... alot of pys issues that depends on ur methos IS 11:26 there r times u miss a trade cause of this... missed 2 trades yest... 11:27 <ItalianSharp> for instance, this morning right off the tracks i wanted to go long...my initial stop would have been low of the day...789.10, while my entry would have been around 791.50 <eminitrader> both were winners...but got no fill cause i was 2 ticks and 4 ticks away from the reboound ... again the reason was my stops :(( <ItalianSharp> thats over a 2pt stop on ER2 11:28 <eminitrader> then u dont take the trade IS and wait for the next one <pat255> emini what entry were u shooting for this am on es? <eminitrader> that was yest..pat 11:29 <pat255> k ... <eminitrader> also this am i had an order for 6.507 oops that was 36.50 ..mrkt rebound from 37 11:30 this was just after 10:30 when the pivot low was formed <RussellDaytrade> Is, i think you are onto developing a very similar entry/risk mentality as i... in that, one must look for setups they like, AND, INITIALLY, set a stop level that is wide, like your 2 pt example... 11:31 that serves two purposes...it gets you trading the setups, and it frees you from excess worry over that you may lose greater sums..., then after entry, you look to quickly, if pa allows, to move your stop up towards a BE or at least lower threshold nearer BE... 11:33 you have defined your risk, and you have, at first, willingly acknowledged you are (somewhat) ok with acceptance of a predefined loos amount. 11:35 this is how i'm framing it in my mind. in addition to the above, the wide stop also addresses the point of stops that are too close will/may get hit and close trade prematurely, etc. 11:37 anyway, follwing your train of thought is very similat to my own thoughts on same as you described, and what i just expressed is what is the outcome of those thoughts. hope that helps. 11:39 <ItalianSharp> russell: good observations 11:42 <pat255> good point RD 11:44 <ItalianSharp> the whole point of having a wider stop to begin with is to avoid being kicked out of your trade when the market is choppy or noisy...of course, as the market price action develops before your eyes, you can decide to reduce your risk, get out or even reverse your position i think having small stops like mylself is a bit dangerous because when you get kicked out of the market you think you are wrong, when you actually arent...you are just a victim of market noise and you decided beforehand to get out after a minimal price swing against you 11:45 <RussellDaytrade> i am amazed at how closely my own thought process and experience mirrors your own, its almost like i was reading my own thoughts back, reading thru your posts, thanks for sharing. i am thinking of it in this way of late...if i wanna play, i gotta pony up an ante to get dealt a hand, and depending on how much i wanna play, is the level at which i am willing to ante up. Shorts ER2 @ 794.4 «« paper »» 11:46 obviously, with all the paper trading, i have yet to reach a point at which i am comfortable enough with live trades. i am documenting all of my trades since jan 1st, and believe it will help to point out my strengths and weaknesses. am happy to share the xls spreadsheet i use with any that would like it. 11:50 <pat255> ty RD... 11:52 <RussellDaytrade> Covered all ER2 Short @ 794 --> + 0.4 «« paper »» <ItalianSharp> russell: the thing I am really focused on is that trading is a losers game. If you think about it, this couldnt be more true. All of us lose. Even those who have an 80% winning rate, they still sometimes. It's about how much we lose when we are wrong that makes the whole difference. And of course, the second part of successful trading is about how much we press our winners when we are right. <pat255> ty guys ...back to office ... 11:55 ty RD <eminitrader> later pat <pat255> later emini <ItalianSharp> later pat 11:56 <pat255> later IS <NihabaAshi> Reminder: Don't forget to register at the new discussion forum if you have not already done so because the #FuturesTrades password is stored in a private file at the new forum. 12:06 http://thestrategylab.com/forum/index.ph p After you register...the system will send you an activation email to verify your email address you used to registered. 12:07 Next, send me a quick email to questions@thestrategylab.com to let me know your "new" forum name and the mIRC user name your using if different. There will be a password change for access to #FuturesTrades at the end of this month. 12:08 <RussellDaytrade> http://elitetrader.com/vb/showthread.php ?s=&threadid=68112&perpage=6&pagenumber= 14 12:11 thats a link to a post on et that has the spreadsheet i am using to document the er trades i am making on SL. i believe the formulas are retained and active, so if one wants to utilize it, it mostly just requires data entries. 12:14 <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) 12:34 <RussellDaytrade> Shorts ER2 @ 795.4 «« paper »» 13:21 doing a rare, for me, defined loss trade. will close at loss if trades at 796. will close if drops a half buck or so pt. 13:22 <NihabaAshi> This thing is just a creeper uptrend...price rise on very little volatility. 13:24 Volatility or Volume :( 13:25 <RussellDaytrade> Covered all ER2 Short @ 794.9it --> + 795.4 - 794.9it «« paper »» 13:27 typed out a couple sentences, but was dropped due to script being in body of message...in short, i premised trade that it would not go to 796 or beyond, as it usually does. 13:29 Covered all ER2 Short @ 794.9 --> + 0.5 «« paper »» just based upon my interpretation of pa, mostly. 13:30 <NihabaAshi> Stop runner on the shorts with stops just above the highs. 13:38 Shorts ER2 @ 795.90 -> small size I lost my wiggle room on that entry...should have been quicker to nab an entry of 796.20 13:40 Shorts ER2 @ 796.30 -> Add 13:41 <RussellDaytrade> that may be it for the rising trend, with that last burst up just now. 13:42 <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) 13:43 <NihabaAshi> Volatility dropping too fast...expecting a volatity spike here soon. 13:44 Sponsor: <RussellDaytrade> Shorts ER2 @ 796.3 «« paper »» 13:45 trade parameters: playing with profits off earlier today ( 260). today, will not add or average in at loss, will only leave one on, and initial stop loss is 796.3 plus 2.6. if they want my money, htey're gonna have to come get it. by same token, will close for a buck or so drop. until either occurs, will let it do waht it wants to. 13:48 <NihabaAshi> Oh oh... This is the lowest I've seen the volatility all day. 13:49 <RussellDaytrade> how do you measure or define volatility, as applies to the interpretation you use for trades? 13:50 volume? if that proves to be high of this move, and we get a reaction, my model is calling for retrace of 3.41 in 59 minutes. however, today, i would reduce that to 794 or so. 13:53 <NihabaAshi> Covered all ER2 Short @ 796.60 --> - 1 Shorts ER2 @ 796.50 -> small size 13:54 Covered all ER2 Short @ 796.70 --> - 0.2 13:55 <Brutus> Niha why are you bearish to ER's creeper uptrend? 13:56 <NihabaAshi> I'm not bearish. <Brutus> OK 13:57 <NihabaAshi> Long ER2 @ 797.00 -> small size <RussellDaytrade> might have been creeping before, but its building to a gallop now! 13:58 <NihabaAshi> Exited 1/2 ER2 Long @ 797.40 --> + 0.4 Exited Remainder ER2 Long @ 797.50 --> + 0.5 Had a few extra contracts on the Long because of my bullish bias. 13:59 Brutus, my trades don't indicate my bias. My position size indicates my bias. I'll take a Short with a bullish bias or a Long with a bearish bias. 14:00 If I think I can get a few ticks before it goes against me...I'll take the trade :) <Brutus> OK ic 14:01 <NihabaAshi> RD...I have two ways of measuring volatility. 14:02 The first involves just the most recent 3-5 intervals. <RussellDaytrade> price range of intervals? <NihabaAshi> If their range is shrinking in relationship to the most recent WRB (wide range body) interval... Volatility is Declining. <RussellDaytrade> ok. 14:03 <NihabaAshi> Vice versa if the range is expanding... <RussellDaytrade> can see that on chart/pa <NihabaAshi> Volatility is Rising. Yep, no special indicators needed. I just eye ball it :) <RussellDaytrade> ok, can see that too! <NihabaAshi> The other type of volatility analysis involves key economic reports, key market events, political events et cetera... 14:04 This type helps with my market seasonal tendencies (cycles - swing trading and position trading) and my intraday market tendencies (cycles - day trading). 14:05 <RussellDaytrade> increase of volatility at those moments, ie, key reports, etc? 14:06 <NihabaAshi> Yes, actually about 5-15mins prior to those events... Volatility tends to show up. This helps me make decisions about my profit targets and/or position reversals. <RussellDaytrade> note on earlier stated down targets... since it climbed more up, i now think full target of 3.41 in 59 from highs can now be achieved. <NihabaAshi> Shorts ER2 @ 796.30 -> small size 14:07 Horrible fill and about 5 seconds prior to the fill I heard my hard drive increase its noise level...something came on and is working in the background :( 14:08 I think it caused me delayed quotes... Thinking it was at 796.70 when in reality it was at 796.30 14:09 That 796.30 was my profit target. <RussellDaytrade> i;m gonna see if i can hang out for a half buck or so pt. usually, that first drop would satisfy my trade objectives, but as i missed the ideal entry short, (early, again), would also usually close at BE just now, and look for a retest to reenter short at slightly higher price on possible retest, etc, like waht happening now... 14:10 but, today, will stay with prior stated parameters, and see what happens. now looking/hoping that 796 is pivot for anothe lower leg doqn, will close if so 795.7 or so. 14:11 <NihabaAshi> Most of the market internals are against me on this Short :( 14:13 Another volatility drop...expecting a volatility spike here soon. 14:15 <pat255> 2 days ago doom/gloom & last 2days shoot up...sigh <NihabaAshi> It usually happens that way...I remember last week reading all the doom & gloom messages on the net about Oil and Gold. 14:16 <RussellDaytrade> it about time for one of them volatiltiy spikes to the downside, ain't it? ain't really had one for quite a while. to the downside, i mean. 14:17 <NihabaAshi> We'll know in a few weeks via hindsight analysis if its all just a TRAP. <pat255> yeah .... that is mkt looks to me that way...but u gotta trade what is front of us... <RussellDaytrade> typical behavior, volume decresing to the upside, noramlly turns back down about now. 14:25 <NihabaAshi> Got distracted and this trade is threatening to hit my stop protection. 14:34 Missed the opportunity to reverse the position around 796.80 14:35 Covered 1/2 ER2 Short @ 797.70 --> - 1.4 Covered Remainder ER2 Short @ 797.90 --> - 1.6 14:36 Mismanaged two contract trade. Need to be smart on this next trade and monitor it. 14:37 Long ER2 @ 798.00 -> small size 14:38 :( Exited 2/3 ER2 Long @ 781.10 --> - 16.9 14:39 Ooops... 14:40 Exited 2/3 ER2 Long @ 798.10 --> + 0.1 Exited Remainder ER2 Long @ 798.10 --> + 0.1 Bizaare...back to back poor fills. 2-5 ticks away from what I see on my screen. 14:41 PapaJon...see pm. 14:44 The volatility has returned since 2pm est but I haven't been able to exploit it :( 14:49 Meant since 1:20pm est <pat255> nq not climbing through res.. <NihabaAshi> Shorts ER2 @ 797.20 -> small size 14:51 A little downside pressure here and ER2 fighting hard not to drop further... 14:53 <ItalianSharp> yep...will it drop eventually? 14:55 <NihabaAshi> Ooops... <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> Shorts ER2 @ 797.00 -> Add 14:56 Covered ER2 Short @ 797.70 --> - 0.5 15:09 Reverse and Enter Long ER2 @ 797.70 Exited ER2 Long @ 797.70 --> 0 15:11 Reverse and Enter Short ER2 @ 797.70 <pat255> latr guys @office now ty all.. 15:14 <RussellDaytrade> gonna bail on that short on this drop, salvage a little pft 15:18 <NihabaAshi> Covered ER2 Short @ 797.00 --> + 0.7 <RussellDaytrade> Covered all ER2 Short @ 796.8 --> - 0.5 «« paper »» <NihabaAshi> Still holding some. Prior trade was a position size error...trying to compensate for the error on this short. 15:19 Trying to get back above my profit goal for the day. 15:20 <RussellDaytrade> due for more giveback/lower prices, i think, just played it all off, trying differing ways/levels of exposure, didn't work all that well on this day, that's ok, stuck with plan as best i could. 15:21 came within .3 of stop, sheer luck/ pure coincidence, would have closed it, as stated above for flat on day. net = 200+/-. dented the short DD/P ratio a bit on that last one. 15:23 <NihabaAshi> Covered ER2 Short @ 797.40 --> + 0.3 15:25 Covered ER2 Short @ 797.50 --> + 0.2 Covered Remainder ER2 Short @ 797.50 --> + 0.2 15:27 Back above my profit goal but I've still lost about $450 in this afternoon trading session. 15:28 Long ER2 @ 797.80 -> medium size 15:30 Exited ER2 Long @ 797.10 --> - 0.7 15:35 Reverse and Enter Short ER2 @ 797.10 Volatility equal across the board since 3:15pm est :( 15:45 Shorts ER2 @ 797.60 -> Add 15:51 ER2 like stuck in mud. 15:52 I've think I've been monitoring the all of the most popular trading futures out there today :) 15:54 DAX, ES, NQ, YM, ER2, EC, GC, CL, HO, EMD, EurUsd and the Dollar Index 15:55 I will definetely need a eye massage after the close. Volatility is good again but I'm getting nothing out of it :( 16:04 Sponsor: <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) 16:07 <NihabaAshi> By the way, I may be here early tomorrow morning to looks for trades soon after the release of the 0830am est Jobless Claims report. 16:09 I'm things go as plan...I'll call it a day after those trades because I have a immigration meeting @ 1030am est. 16:10 <eminitrader> good luck at the meeting niha :) 16:11 <NihabaAshi> Just paperwork verification stuff that I can expedite via an in person meeting. 16:13 <eminitrader> k..for canada <NihabaAshi> Yep <eminitrader> :))... 16:14 <NihabaAshi> Covered 1/2 ER2 Short @ 798.00 --> - 0.4 Covered Remainder ER2 Short @ 797.90 --> - 0.8 I expect tomorrow morning to be a tight range and if I was going to be trading after 0930am est I would be NEUTRAL. 16:24 Take care all and see all tomorrow. <Brutus> cul8r 16:25 <RussellDaytrade> so long everyone <werner> gn all 16:31 * DisconnectedSession Close: Wed Jan 24 16:42:36 2007 16:42
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