#FuturesTrades February 5th 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 +1.70 +0.0000 $170.00 $0.00 Trading Perspective
I had a very easy going attitude today while trading. It wasn't too stressful but I missed a few good trading opportunities that could have allowed me to reach my profit target for the day.
However, although it looked like I was trading most of the day, I was taking it easy, took two naps in between trades et cetera.
My last trade of the day (posted below in the chat log) is probably my best trade of the day.
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 February...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 Feb 05 09:30:05 2007Session Ident: #futurestrades * Now 09:30 <X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm <NihabaAshi> I'm currently with a NEUTRAL BIAS. 09:31 <pat255> thks niha 09:32 only report at 10 today, may be key time for day? 09:41 <NihabaAshi> Long ER2 @ 812.80 -> small size 09:42 High risk trade for me. <jperl> TotalMarket mixed this morning.... 09:43 http://charts.dacharts.com/2007-02-05/JP ERL_018.png <NihabaAshi> Yep Volatility about even across the board. 09:44 Until now :) <pat255> wow long 2 bars <NihabaAshi> Exited 2/3 ER2 Long @ 813.30 --> + 0.5 09:45 Exited Remainder ER2 Long @ 813.30 --> + 0.5 <pat255> that was gutsy niha.. 09:46 dang Siased here <NihabaAshi> It was an easy trade due to the small size...not much risk for me. <pat255> oh my ythe Bulls... 09:47 <NihabaAshi> Superbowl rally indicator :) <szubaark> Shorts NQ @ 1813.50 «« paper »» <eminitrader> Shorts ES @ 1452.25 <ItalianSharp> alle 10am news <pat255> lol @office ....today ..:( 09:48 gotta be careful <szubaark> exit stop set NQ @ 1813.50 «« paper »» 09:49 <pat255> numbers in 12min.. 09:50 <NihabaAshi> Shorts ER2 @ 813.50 -> small size Covered 2/3 ER2 Short @ 812.80 --> + 0.7 09:51 Covered Remainder ER2 Short @ 813.00 --> + 0.5 Had a great entry on that Short but my exit was too premature... 09:52 Price action just a little too bumpy for my taste. bumpy = schizo <szubaark> Covered all Short NQ at 1810.75 --> + 2.75 «« paper »» <eminitrader> Covered 1/2 ES Short @ 1450.75 --> + 1.5 09:55 <pat255> vn <NihabaAshi> Shorts ER2 @ 811.00 -> small size 09:56 <eminitrader> Covered 1/3 ES Short @ 1449.75 --> + 2.5 09:57 <NihabaAshi> Covered 1/2 ER2 Short @ 810.00 --> + 1 09:58 Covered Remainder ER2 Short @ 809.90 --> + 1.1 09:59 Too bad it was only a 2 contract position. <szubaark> Buys NQ @ 1805 «« paper »» <NihabaAshi> ER2 is a little wild this morning :) <werner> hihi <NihabaAshi> Better put on my bronco boots. 10:00 <pdays> ISM 59 <werner> lol niha <szubaark> exit stop set NQ @ 1805 «« paper »» Exited all Long NQ at 1805 --> 0 «« paper »» Shorts NQ @ 1805 «« paper »» <eminitrader> Covered 1/3 ES Short @ 1448.75 --> + 3.5 10:01 <RussellDaytrade> will cover that open short below 808-807 or so. <szubaark> nice emini! <eminitrader> holding 1 <pat255> wtg <eminitrader> thx szu.. <pat255> missed emini call ..was out...sigh <eminitrader> thx pat :(( <pat255> trading from office is ..:9 <eminitrader> not to worry mrkt always there <pat255> yup emini... :) 10:02 <NihabaAshi> Long ER2 @ 809.40 -> small size 10:04 Exited 2/3 ER2 Long @ 809.90 --> + 0.5 10:05 <szubaark> exit stop set NQ @ 1808 «« paper »» <NihabaAshi> Exited Remainder ER2 Long @ 809.50 --> + 0.1 ER2 is a little crazy and getting crazier... 10:06 Dropping my position size down to 1 contract only until the dust settles. <szubaark> exit stop set NQ @ 1805 «« paper »» <PapaJon> maybe it attempts to fill its hidden gap on the daily 10:07 807.4 <NihabaAshi> Shorts ER2 @ 808.50 -> small size <PapaJon> or at least the vpoc at 808.3 ?? <szubaark> Covered all Short NQ at 1802.75 --> + 2.25 «« paper »» 10:08 <NihabaAshi> Covered ER2 Short @ 809.30 --> - 0.8 10:09 <szubaark> was looking for more followthru but NQ holding here <pat255> hammer on 3 min.. <NihabaAshi> Shorts ER2 @ 809.20 -> small size 10:11 <MaxMax> good morning...niha..and everyone.. 10:12 <NihabaAshi> Covered ER2 Short @ 808.90 --> + 0.3 10:13 <RussellDaytrade> Covered all ER2 Short @ 808.3 --> + 1.9 «« paper »» 10:15 <NihabaAshi> Shorts ER2 @ 808.10 -> small size 3 contracts <RussellDaytrade> i think the market has more to fall, just wanna show the pft/ring the register. short was open since Thurs afternoon 10:16 <NihabaAshi> Poor entry...may try to re-short it if it counter-thrust back upwards. <eminitrader> Covered Remainder ES Short @ 1448.25 --> + 4 10:17 <pat255> :) <RussellDaytrade> i think we may see 805 at some point today, perhaps in the am. <pat255> vvn <eminitrader> thx pat <NihabaAshi> Volatility dropping and I got short around the lows :( 10:18 Covered all ER2 Short @ 808.90 --> - 0.8 10:19 Shorts ER2 @ 808.60 -> large size 10:20 Shorts ER2 @ 809.90 -> Add 10:22 <szubaark> Volatility spike oming up shortly, BUT which way? 10:23 <NihabaAshi> Shorts ER2 @ 809.30 -> Add <szubaark> Shorts NQ @ 1804.25 «« paper »» 10:24 <RussellDaytrade> possible 812 t by 10:53 or so <NihabaAshi> szu...its not low enough for a volatility spike... 10:25 However, its still trying to get low enough for such. I'm gambling I can get a few ticks out of my ADDs before the volatility drops that low. 10:26 <szubaark> exit stop set NQ @ 1804.25 «« paper »» 10:27 low enough to move my Stop to breakeven :) <NihabaAshi> Covered 1/4 ER2 Short @ 809.00 --> + 0.3 <szubaark> Covered all Short NQ at 1804.25 --> 0 «« paper »» 10:29 :( <NihabaAshi> Covered all ER2 Short @ 809.60 --> - 1 Long ER2 @ 810.30 -> large size 10:30 That's a volatility spike. 10:31 <szubaark> hmmmm. <NihabaAshi> Seems like a safe entry considering the other Eminis are doing the same... 10:32 ER2 not keeping up with the momentum after the spike :( <szubaark> Shorts NQ @ 1805.75 «« paper »» <NihabaAshi> Any news out soon after 0945am est besides the 10am key econ report ??? 10:33 Exited 2/3 ER2 Long @ 810.60 --> + 0.3 10:34 Exited Remainder ER2 Long @ 810.90 --> + 0.6 10:35 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> Shorts ER2 @ 811.4 «« paper »» 10:36 <szubaark> Covered all Short NQ at 1808.50 --> - 2.75 «« paper »» Buys NQ @ 1808.50 «« paper »» <NihabaAshi> Long ER2 @ 811.30 -> large size <eminitrader> Shorts ES @ 1452 <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> may be early, but wanna be short, even if so. <ItalianSharp> very rare V turn on ER2 10:37 <NihabaAshi> Exited 2/3 ER2 Long @ 811.70 --> + 0.4 <ItalianSharp> anybody knows of any news or anything else hitting the markets? it looked like we were set for a downtrend day...and now this??? <szubaark> lol 10:38 <NihabaAshi> The way ER2 dropped and how sporadic it was going down seems something else (news) was related to that drop besides the 10am est report. 10:39 Further, the counter-thrust back upwards seems more orderly... As if its trying to retrace a "breaking news" related event. 10:40 <ItalianSharp> well, it looks like it niha <NihabaAshi> Long ER2 @ 811.00 -> Add 10:41 <RussellDaytrade> t was 812 by 10:53, so far, trade at 811.9, 14 minutes early. i guess that'll do. <NihabaAshi> It's the only reason why my last few trades have been Long...I strongly suspect its "orderly" via trying to retrace a "breaking news" event. <szubaark> feels like its preparing for another run upwards 10:42 <ItalianSharp> yep, it certainly no longer looks like a small retracement <pat255> k guys biab ty all 10:44 <NihabaAshi> No news...its been going sideways too long for the past 12 mins. 10:46 News event price action don't do that. 10:47 That changes the entire nature of my current position :( Exited 1/2 ER2 Long @ 811.30 --> + 0.3 10:49 <szubaark> confusing price action 10:50 <RussellDaytrade> will close short near 809.5 if gets there 10:51 <eminitrader> Covered 1/3 ES Short @ 1451 --> + 1 10:52 <RussellDaytrade> buy limit to cover ER2 short @ 809.7 «« paper »» 10:55 <NihabaAshi> Exited all ER2 Long @ 810.50 --> - 0.8 10:56 Late trade post I now have a Bearish Bias...will try to position size it correctly. <venedom> gm 11:00 <eminitrader> Covered Remainder ES Short @ 1451.50 --> + 0.5 11:04 * codehead_afk is now known as codehead <NihabaAshi> ER2 Volatility very low...especting a volatility spike here soon. 11:05 Shorts ER2 @ 810.40 -> medium size Covered 2/3 ER2 Short @ 809.90 --> + 0.5 11:06 <RussellDaytrade> Covered all ER2 Short @ 809.7 --> + 1.7 «« paper »» 11:07 <NihabaAshi> Covered Remainder ER2 Short @ 809.80 --> + 0.6 Exited my remainders all at once when I wanted to keep 1 contract Short... Back to being profitable for the day thanks to the clues from the declining volatility. 11:08 After the exit error when I should have kepted 1 contract remainder...will take an early lunch break... 11:12 Be back later. * NihabaAshi is now known as NihabaAshi_away <codehead> short ER 809.70 <paper> 11:17 exit short 809.60 +0.1 <paper> 11:18 signal not looking so good 11:19 <szubaark> Exited all Long NQ at 1802.75 --> - 5.75 «« paper »» 11:22 got tricked on that one :(( <jperl> done for the morning..... 11:38 here are the trades.....all scalps http://charts.dacharts.com/2007-02-05/JP ERL_019.png 11:39 * NihabaAshi_away is now known as NihabaAshi 13:10 <NihabaAshi> #FuturesTrades New Password -> New password beginning tomorrow will be posted tonight @ http://thestrategylab.com/forum/index.ph p?board=39.0 <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) 14:09 <eminitrader> Shorts ES @ 1452.75 14:10 <RussellDaytrade> good fill on that 14:11 <eminitrader> moat of the tome RD ...limits do help :)) <RussellDaytrade> yeah, i have yet to place a market order on a futures trade, virtually all my stock trades are at mkt orders 14:12 <eminitrader> must have huge slippapes on er <RussellDaytrade> am trading the es sim on ETrades futures platform for a few days, have yet to fund account, but they allow access to rt data. taking a look-see if i can interpret their version of time and sales. thus far, not as visually easy as Tradestation to interpret. 14:15 they don't have the ER available on their sim access, so trading the ES instead for the time being, so far so good. 14:16 <eminitrader> k <RussellDaytrade> just got filled on another sell at 52.75 14:17 <eminitrader> hey rd ..do u know how to use single key orders on the ts platform <RussellDaytrade> no, sorry EM, i do not, didn't enable that function, and i just closed the acount with them, may re-open later. 14:18 do you use IB at all? 14:19 <eminitrader> k thx no very happy with ES 14:20 on TS <RussellDaytrade> i setup the IB sim account for hotkey and one-click order entry, could help you with that, etc. 14:21 <eminitrader> no one to beat their execution speed <RussellDaytrade> just closed that sell at 52 http://s138.photobucket.com/albums/q277/ RussellDaytrade2/?action=view¤t=es 2-5-07sim.jpg 14:27 <Chilly> ER just can't bust up through 811 .. humm 14:35 <RussellDaytrade> they may make a late run at it in here 14:36 Sponsor: <eminitrader> just did :) <RussellDaytrade> will be happy to sell again 812 and above <Chilly> could pop to 812 and drop .. right RD 14:38 <RussellDaytrade> actually, it may hold above there, and possibly keep going, but, if one can absord letting it 'do what it will', i think at some point, it will be below these levels. 14:39 Shorts ER2 @ 812 «« paper »» 14:40 battening the hatches for a while 14:41 <Chilly> expected some short covering if 811 finally broke .. we'll see how determined longs ;) at test of 812 now <eminitrader> my stop still holding 1454.25 14:42 <RussellDaytrade> could take another spurt up between now and close, will hold it and see what happens, will close below 811 if it drops on a spike down changed mind, will close if touches 812 14:52 <eminitrader> :) <RussellDaytrade> Covered all ER2 Short @ 812 --> 0 «« paper »» 14:55 <eminitrader> getting to hate mondays <NihabaAshi> #FuturesTrades New Password -> New password beginning tomorrow will be posted tonight @ http://thestrategylab.com/forum/index.ph p?board=39.0 14:56 Long ER2 @ 811.90 -> small size 14:59 <eminitrader> Covered all ES Short @ 1454.25 --> - 1.5 <NihabaAshi> Exited ER2 Long @ 811.10 --> - 0.8 15:00 Reverse and Enter Short ER2 @ 811.10 <eminitrader> looks like i got shook out 15:01 <NihabaAshi> Shorts ER2 @ 810.90 -> Add 15:02 Covered ER2 Short @ 810.80 --> + 0.4 15:09 Holding 3 contracts That's an exit of 810.70 for a +0.50 and not a +0.40 15:10 Volatility drying up. 15:11 Geeesh...this should be at 810.00 by now. 15:13 Covered ER2 Short @ 810.70 --> + 0.4 15:15 Holding 2 contracts Covered ER2 Short @ 810.50 --> + 0.6 Holding 1 contract Lets see if I can catch that 810.00 price area. 15:16 :( Trailing stop hit...maybe too tight. Covered Remainder ER2 Short @ 810.90 --> + 0.2 I'm done for the day...had my chances but didn't come anywhere close to my profit goals for the day. 15:17 In fact, lucky to be profitable for the day. #FuturesTrades New Password -> New password beginning tomorrow will be posted tonight @ http://thestrategylab.com/forum/index.ph p?board=39.0 15:20 <jperl> not much change even for a good scalp now..... so here are the scalp trades 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) 15:21 <jperl> http://charts.dacharts.com/2007-02-05/JP ERL_0110.png all these little trades add up 15:22 <RussellDaytrade> well, f! 15:40 EM, that move that just completed was within 1 tick of my t, and within 2 minutes, 2 min early, 1 tick lower in price than t. 15:42 thar it were, just now, right on the button 808.9, at 1 minute ago, sweet! 15:45 <NihabaAshi> #FuturesTrades New Password -> New password beginning tomorrow will be posted tonight @ http://thestrategylab.com/forum/index.ph p?board=39.0 16:20 Take care all and see all tommorow. I'll have the new password posted before midnight tonight at the discussion forum. 16:21 * DisconnectedSession Close: Mon Feb 05 16:21:18 2007 Sponsor:
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