#FuturesTrades January 29th Monday 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 +17.90 +0.0000 $1,790.00 $0.00 Trading the Open
Trading the Open is usually the most difficult trading duration because most traders approach it without it the same way they do any other trading period of the day.
I won't discuss the specifics of my primary methodology involving WRB Analysis via the Swing Trading Report (STR) other than to say that I get a lot of help in Trading the Open via the following:
* Eurex Futures DAX and Euronext Futures CAC40
* Advance Decline Lines
* WRBs (wide range bodies)
* Market Seasonal Tendencies (cycles)
* Price Reaction to Pending Key Economic Reports
In fact, my trading has improved tremendously because I'm using all the above well together.
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 29 09:28:45 2007Session Ident: #futurestrades * Now 09:28 <X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm <pat255> gm all.. 09:29 <PapaJon> gm all 09:30 <NihabaAshi> Long ER2 @ 791.30 -> large size :( 09:32 <RussellDaytrade> Shorts ER2 @ 791 «« paper »» 09:34 <NihabaAshi> Exited ER2 Long @ 790.80 --> - 0.5 Reverse and Enter Short ER2 @ 790.80 Covered ER2 Short @ 791.20 --> - 0.4 09:37 Reverse and Enter Long ER2 @ 791.20 <les> Long ER2 @ 791.6 09:38 <pat255> S 792 <les> Exited all ER2 Long @ 792 --> + 0.4 09:39 <eminitrader> Long ES @ 1427.25 <pat255> out +.3 09:40 <szubaark> Buys NQ @ 1783 «« paper »» <eminitrader> Exited 1/2 ES Long @ 1429.25 --> + 2 09:41 <NihabaAshi> Exited 1/2 ER2 Long @ 793.10 --> + 1.9 <les> Long ER2 @ 792.4 late, sorry <NihabaAshi> Exited ER2 Long @ 793.30 --> + 2.1 09:42 Holding 2 contracts Exited ER2 Long @ 794.20 --> + 3 09:43 <szubaark> Exited all Long NQ at 1786.25 --> + 3.25 «« paper »» <NihabaAshi> Holding 1 contract <pat255> vn..wtg @office ...:( <szubaark> pat :(( <pat255> nicey emini ent <szubaark> emini u got good entry on that 09:44 <eminitrader> that was 50% retrace from yest b/o move szu <les> Exited 1/2 ER2 Long @ 794.6 --> + 2.2 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) <eminitrader> thx pat <pat255> on 5 min chart emini? <eminitrader> 3 min 09:45 <pat255> kty <eminitrader> yest..= friday Exited 1/3 ES Long @ 1430.50 --> + 3.25 09:49 <szubaark> nice... <pat255> vn <eminitrader> thx szu...holding 2 ...target 1433 09:50 <ItalianSharp> well done emini <eminitrader> thx pat IS <pat255> dang missed the p/b <eminitrader> nq at res ...may pull ES 09:51 Exited Remainder ES Long @ 1430.25 --> + 3 09:55 <les> Exited Remainder ER2 Long @ 794.6 --> + 2.2 09:58 <pat255> vn les.. <les> thx pat <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) 09:59 <les> unfortunately duty calls me elsewhere, so have to stop now 10:00 back tomorrow or wed <pat255> later <eminitrader> later les,,, <les> cya guys 10:01 <Brutus> Anyone know the semiconductor etf? 10:05 <Chilly> SMH 10:06 <Brutus> thx <Chilly> is one and SOX 10:07 <PapaJon> i believe sox is the index 10:14 nq #f <Brutus> Thx $sox is not updating on esignal <PapaJon> is ok here butus <Chilly> right, sorry, sox = index 10:15 <Brutus> 1030/1530 Jan Dallas Fed Mfg Production Index -5.2 10:16 <pdays> Shorts ER2 @ 795.6 «« paper »» 10:28 <eminitrader> Long ES @ 1428 10:31 <szubaark> NQ pushing this down 10:35 <eminitrader> Long ES @ 1427 -> Add true szu <szubaark> Buys NQ @ 1778.75 «« paper »» watching ES 1426.50 Support Exited all Long NQ at 1780.75 --> + 2 «« paper »» 10:36 <pat255> latr guys ty back to work.. 10:37 <eminitrader> Exited 1/2 ES Long @ 1429 --> + 2 10:40 <NihabaAshi> Exited Remainder ER2 Long @ 797.40 --> + 6.2 10:42 <eminitrader> :)) 10:43 Exited 1/3 ES Long @ 1429 --> + 1 10:46 <szubaark> :) 10:52 <eminitrader> Exited Remainder ES Long @ 1428.50 --> + 0.5 10:55 <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) 11:08 <szubaark> Buys NQ @ 1784.50 «« paper »» 11:09 exit stop set NQ @ 1784.50 «« paper »» 11:18 Exited all Long NQ at 1784.50 --> 0 «« paper »» <RussellDaytrade> 796.10 at 12:04 ET. still short (paper at 791, sure got that one right, f) 11:23 * codehead_afk is now known as codehead 11:25 <RussellDaytrade> looks like it got there sooner today, thats ok, acceptable. 11:35 i know this is gonna sound crazy, but i think we've yet to see the LOD. 11:50 <eminitrader> Long ES @ 1427.50 11:52 Exited 1/3 ES Long @ 1428.50 --> + 1 11:58 Exited 1/3 ES Long @ 1429.50 --> + 2 12:12 exit stop moved to breakeven ES @ 1427.50 12:13 <RussellDaytrade> 794.3 at 13:16 ET. trying for 2 for 2 12:18 <eminitrader> Exited Remainder ES Long @ 1431.25 --> + 3.75 <asuni> great trade et 12:19 <eminitrader> thx A...sad thing it was a 3 lot trade 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) 12:20 <RussellDaytrade> whats your preferred trade size EM? 12:21 also curious waht you based the long entry upon? <eminitrader> during chops 2-3 RD...but normally 5 - 10 ....and upto 20 ...twice or thrice a month 12:22 read ur comment RD ...new lows may be possible...but my charts didn't show me that...just was a supp/res trade with a 4 tick stop 12:23 <RussellDaytrade> thats a fair position size, from where i sit... so you went long expecting a retest of sorts within chop, etc... that was my second guess, ie, an entry with a closely defined stop. i'd say you extracted the profit well. 12:25 my intraday trade may now well be a swing trade, but i am tempering any notions to add shorts, prefer to keep risk exposure down with smaller size, even as i see short trades setting up. some variation on money management... 12:28 this trade logging is presenting new data every day, for example, today, it becomes apparent that, even if this trade comes back to whole, and it is a BE or better, i still potentially lose... 12:29 to date, have had a running positive daily average, (despite those awful DD's) of 275. for math's sake, lets say i am stuck in a position that takes 2 days to work out, even if i am whole in 2 days, i have still potentially lost the averaged expectancy, approximately. yet another argument for quick and small losses. 12:33 * WBAT is now known as WannaBeBOS 12:38 <eminitrader> got disconnected earlier <RussellDaytrade> 13:16 t-time has just expired, however, targets reset from new higher high, which targets are 796 at 13:58. 13:24 if this this hangs up here for a good while, when down targets begin to fulfill, they'll likely surpass. 13:25 <eminitrader> yes RDif it breaks 796 ...then possile change in trend 13:28 <RussellDaytrade> any guesses as to whether 800 will be pierced on this run, (the main run i mean, from 782)? 13:31 <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) 13:32 <eminitrader> 799-800 key res ...if it does then cld be the continuation of the bull mrkt <RussellDaytrade> i'm inclined to think it will not be, but i see my ealier call and trade from this am were off, so i will allow that my read may be off at the moment. 13:33 <eminitrader> i'm talking longer term RD ...781 cld be the key support for this run...if it breaks 800 13:34 778-781 range 13:35 for day trades there r always going to be pullbacks <RussellDaytrade> yes, its been rejected many times at near these levels, if it breaks above, could self-perpetuate for a a fair move up, in a rapid fashion. 13:36 <eminitrader> yep...very true that was my piont the other key is that other indices r also lining up..in similar fashion 13:37 guess we'll know this week 13:38 Long ES @ 1429.75 13:41 <RussellDaytrade> maybe it spilts the dif, the er i mean, and revisits the midpoint od the approx range between highs and lows of past 2 months, ie, equvalent to approx 790-792 or so, over next day-day and a half. 13:43 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) i just realize i misdrew my target on chart, where it was supposed to be darwn at 796, i instaed drew it at 795.5, not that big a deal or difference, but i figure it may mean something, like an inner sense or soimething 13:45 <eminitrader> Long ES @ 1428.25 -> Add 13:46 Exited all ES Long @ 1427.25 --> - 3.5 13:54 <RussellDaytrade> that earleir call, of 794.3 even as it looked like it was way off, only just an hour ago, now looks like its coming home to roost. it about 20 minutes late, and a half buck off...oops, just hit, but it has the distinct appearance on my chart of actually being fulkfilled, whaddya know. hmmm,maybe we get that new LOD yet. 13:55 <ItalianSharp> anyone knows the reason of this selloff? <eminitrader> just technicals i guess 13:56 <RussellDaytrade> i persoanlly think its over falck from the geoploitical, i may be looking to far out and anticipating too early, as usual. 13:57 flack / fallout, etc <ItalianSharp> ER can easily go as far down as 792 13:58 <eminitrader> prolly bounce from here 796.50 -79.40 ,,,cld be a nice area for quick sell scalp 13:59 79.40 = 797.40 14:00 whoa ... <ItalianSharp> i cant believe its only technicals that triggered this selloff...thereis gotta be more than that <eminitrader> looks like this is surely on some news <RussellDaytrade> doesn't appear to be near any shelf of support EM 14:01 <eminitrader> prolly right rd <ItalianSharp> RD: i think 792.20 could be a good area for a bounceback 14:02 <RussellDaytrade> just a guess, you may be right in a rapid bounce too, etc. if spikes down one more, i'm closing my earlier dog of a trade, to help teach me, etc, (and rduce risk, try for better entry. 14:03 Covered all ER2 Short @ 792.4 --> - 1.4 «« paper »» <ItalianSharp> here we are...792.20 just touched this is major support <RussellDaytrade> fkit, that was a godsend <eminitrader> :)) 14:04 <ItalianSharp> if it breaks this support, well...this thing is falling like a knife...lol <eminitrader> rarely happens when trading live <RussellDaytrade> thatnks ole tiger, i owe you another <ItalianSharp> 792.20-791.50 is support 14:05 i cant find any news causing this havoc in the markets something must have leaked out from the fed i guess <eminitrader> lets for get the why ...and get ready for the next trade guys 14:06 <ItalianSharp> yep its all in the charts anyways <eminitrader> lol..nice one 14:07 <ItalianSharp> well, my lucky call turns out to have produced a small bounce...BEGINNER'S LUCK 14:08 <RussellDaytrade> http://s138.photobucket.com/albums/q277/ RussellDaytrade2/?action=view¤t=er 1-29-07rttt.jpg 14:10 thats a pic of targets i've drawn so far today.. 14:11 <eminitrader> Long ES @ 1424.75 <RussellDaytrade> i think my window of 'clairvoyance' is coming to a close for the day. gonna give it a rest, and let it recharge at a natural pace. overall, my feeling is lower. 14:12 in case anyones wanting tolong them, i have yup tagerts of 795.6 in approx anpther 40 minutes 14:20 late call on that Sponsor: can only think and type so fast. 14:21 that first spike up usually satisfies MY TRADE TARGETS, as sepaerate and distinct from setup targets, ie, first buck and a half or so. 14:23 actual up t = 795.3 at 14:49. 14:32 <eminitrader> Exited all ES Long @ 1424.75 --> 0 14:37 <Brutus> I'm looking for ES to make new lows and possibly have a sharp reversal from there 14:38 Needs to complete in the next 15 mins 14:39 Above 1426.25 call is wrong 14:40 <RussellDaytrade> didn't get it typed out fast enough, but, if this is going to go into t it's about the point when it 'usually' begins to 'race' into t. 14:41 with that volume spike, it'll likely carry a bit higher in a few minutes, still got about 5-6 minutes left, buckin a headwind, though, to be sure. 14:43 <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) 14:44 <RussellDaytrade> losing it's impetus right here, i say, close enough. <eminitrader> 795.30-796.30...shld be a good sell ...low risk area tight stop 14:48 looks like it may not get there by 3 14:50 <RussellDaytrade> t-time just elapsed eh, a little late, but you get the idea. gotta use some artistic license. it sure it nice when they cross on the minute, oh well, can't have everything. 15:05 Shorts ER2 @ 795.8 «« paper »» 15:26 may be O?N hold, unless pays first, either way is ok. 15:27 EM, we had the p/b to the range midpoint, you think we may get BO above 800? 15:28 <eminitrader> yes .. 15:29 <RussellDaytrade> Covered all ER2 Short @ 795.6 --> + 0.2 «« paper »» thx. will wait for something, don't know what, hope to recognize it when i see it. 15:30 <eminitrader> looks like this week is key in terms of setting direction oh ...dont worry ...there will be plenty of oppor to get in 15:31 nice sell setup ES and NQ 15:33 <RussellDaytrade> actaully wana be short, but as i just had trade i mis-managed this am, thought i will wait for some sort of inspiration...besides, the ole tiger may be napping now, and may not wish to be awakened on account of me! <eminitrader> too late for me to trade .... lol * GoodMood_Away is now known as goodmood 15:45 <Brutus> cul8r 16:05 <werner> gn all 16:16 <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) 17:08 * DisconnectedSession Close: Mon Jan 29 17:33:25 2007 17:33
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