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#FuturesTrades February 8th Thursday 2007 Trade Log

#FuturesTrades is a private and free realtime trading posting chat room on the IRC Othernet server that allows traders from all over the world to communicate.

Click here for the instructions on gaining access to #FuturesTrades.

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.

Fee-based clients of TheStrategyLab.com strategies use the private IRC rooms called #TheStrategyLab and #SwingTradingTSL.

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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Geopolitical Events - G7 Meetings  

Profit/Loss Statement

One trade only today and it was basically a day off from the markets after the only trade of the day.

The only thing I can say is be careful not to churn your trading accounts during this low volatility  trading condition that should get more exciting tomorrow with the start of the G7 Meetings.

Simply, geopolitical events like a G7 meeting will usually produce some excellent volatility and good profits.

I consider that (G7 Meeting) an intraday market tendency that should tell you when to increase your position size when the volatility shows up.

This is also volatility analysis via knowing when it shows up and when it walks out the door.

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.com

Note: 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.

  

  #FuturesTrades purpose, benefits and access info...click here.
Session Start: Thu Feb 08 09:27:57 2007Session Ident: #futurestrades
* Now talking in #futurestrades09:27
<venedom> gm09:29
* NihabaAshi: you're not channel operator
<pat255> sellers
* NihabaAshi: you're not channel operator
* DisconnectedSession Close: Thu Feb 08 09:30:16 200709:30
 Session Start: Thu Feb 08 09:32:09 2007Session Ident: #futurestrades
* Now talking in #futurestrades09:32
<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<pat255> gm niha09:33
<NihabaAshi> Hi pat255 and all.
<szubaark>  Buys NQ @ 1814.50 «« paper »» 09:34
exit stop set NQ @ 1814.50 «« paper »» 09:35
Exited all Long NQ at 1816.50 --> + 2 «« paper »» 09:36
<eminitrader> nice quick one szu
<szubaark> thx.
<NihabaAshi> Neutral bias so far for me.09:38

ECB Announcement shook things up a little and I just want to wait a little longer for the dust to settle sort'uv speak.
<eminitrader> what was the announcement niha ?09:39
hike in rates ?
<RussellDaytrade> gm all. it feels like its about time for some geopolitical doings to come to the fore, therefore, i think its a sell when it spikes up, and not necesssarily a buy when it drops, = bearish bias for me, buy wanna sell on spikes up09:40

buy= but

Shorts ER2 @ 818.2 «« paper »» 09:41

Covered all ER2 Short @ 816.3 --> + 1.9 «« paper »» 09:43
   
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<eminitrader> good call nice entry
<venedom> nice russ
<RussellDaytrade> lucky on that, thx, instant grat, wish i could hold for longer on them, feel it has more to come over next day(s)09:44
they hit the 815's late yesterday afternoon, so this may hold about in here, for the time being, may be good for a little long trade.09:46
<NihabaAshi> I see three spots I would have gone Long via "intuition trades" and all would have resulted in losses had I taken them :(09:49
<szubaark>  Buys NQ @ 1810.25 «« paper »»
<NihabaAshi> This is one of those times I can't explain why I sit on the sidelines.
<szubaark>  exit stop set NQ @ 1810.25 «« paper »» 09:50
<asuni> perhaps incoscious intu :-)

intu=intuition09:51
<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)
<szubaark> hopefully my Stop wont get hit before the 10 am Report

Exited all Long NQ at 1820.25 --> + 10 «« paper »»

:((
<eminitrader>  Long ES @ 1448.50 09:52
<szubaark>  Exited all Long NQ at 1810.25 --> 0 «« paper »»
<NihabaAshi> ER2 volatility dropping...I'm expecting a volatility spike here soon especially with a pending 10am est key econ report about to be released.09:55
Wholesale Trade Report
http://fidweek.econoday.com/calendar/US/ EN/New_York/year/2007/month/02/day/08/da ily/index.html09:56
<eminitrader>  Exited 1/3 ES Long @ 1449.50 --> + 1 09:58
<pat255> vn emini09:59
<eminitrader> thx
<NihabaAshi>  Long ER2 @ 816.00 -> small size 10:00
I just stole a great entry on the dip :)
Too bad I'm small size only.10:01
Exited 1/3 ER2 Long @ 817.10 --> + 1.1
<RussellDaytrade>  Shorts ER2 @ 817.1 «« paper »» 10:02
<eminitrader>  Exited 1/3 ES Long @ 1450.50 --> + 2
<szubaark> nice emini and niha10:03
<RussellDaytrade> purposefully early cuz i wanna be short
great trading EM
<szubaark> i was Long 5 minutes BEFORE report but they came back and hit my Stop :(
<eminitrader> thx szu rd10:05
<NihabaAshi>  Exited Remainder ER2 Long @ 816.50 --> + 0.5 10:10
<RussellDaytrade>  Covered all ER2 Short @ 816.1 --> + 1 «« paper »» 10:14
<szubaark>  Buys NQ @ 1811.75 «« paper »» 10:19
<eminitrader> late post..
Exited Remainder ES Long @ 1448.50 --> 0
<szubaark>  exit stop set NQ @ 1811.75 «« paper »» 10:21
<venedom>  Shorts ER2 @ 816.30 10:25
Covered all ER2 Short @ 816.30 --> 0 10:28
<NihabaAshi> My data just suddenly stopped :(10:29

Its back again as a data spurt.10:30
<szubaark>  Exited all Long NQ at 1814.75 --> + 3 «« paper »»
<NihabaAshi> I hate when that happens because it can "easily trick" me into thinking its a volatility spike had I not notice when the data first stopped :(

My worst losing day last year was because of a day as such.

Simply, the volatility spike that occurred after a stalled data transmission is just data stuck somewhere in the CACHE and suddenly being released all at once.10:32
<pat255> S 17.7
<NihabaAshi> False volatility spike or too late to use the info properly if it was a true data spike.
<pat255> out b/e10:34
<NihabaAshi> We are back within the price range of a key s/r zone.
<RussellDaytrade>  Shorts ER2 @ 818 «« paper »» 10:36
late entry
late post, rahter
<szubaark>  Buys NQ @ 1815.50 «« paper »»
<AmazingJason>  Shorts ER2 @ 817.60 10:37
Covered 1/3 ER2 Short @ 817.00 --> + 0.6 10:42
Covered 1/3 ER2 Short @ 816.70 --> + 0.9
<RussellDaytrade>  Covered all ER2 Short @ 816.4 --> + 1.6 «« paper »» 10:43
<AmazingJason>  Covered 1/3 ER2 Short @ 816.40 --> + 1.2
<venedom> rusell sharp today excelent congrat10:46
<szubaark>  Exited all Long NQ at 1811.25 --> - 4.25 «« paper »» 10:49
Shorts NQ @ 1811.25 «« paper »»
<ItalianSharp> anyone else unable to receive mini-dow data on esignal?10:52
<RussellDaytrade> thx V, lucky today, think'll pay better/more by holding a short for next day or more, just holding an open short, had good entries, natural impulse to ring the register/ not extracting much from them...lower level coming? time for 815's to be taken to woodshed, again?? 803 area next stop/watpoint?10:53
waypoint
<AmazingJason> fine here IS
<RussellDaytrade> 813 area, not 803, (is that a freudian thing??)10:54
<ItalianSharp> guess i am going to have to contact Esignal CS
<szubaark> no followthru on anything just Chop10:58
Covered all Short NQ at 1814.25 --> - 3 «« paper »» 10:59
:((
cant read todays chart anymore..time to do something else.11:00
* szubaark is now known as szubaark_away
<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)11:03
<venedom>  Shorts ER2 @ 816.10 11:13

Covered 1/2 ER2 Short @ 816.50 --> - 0.4 11:14

Covered 1/2 ER2 Short @ 815.50 --> + 0.6

mistake

Covered Remainder ER2 Short @ 815.90 --> + 0.2
<PapaJon> dang... my vix and vxn data has stopped...11:16
dint notice till just now
anyone else on esignal with same issue?11:17
<venedom>  Shorts ER2 @ 816.90 11:18

Covered all ER2 Short @ 816.90 --> 0 11:20
<jperl> good morning for scalps....or maybe I'm just getting better at it....11:21
http://charts.dacharts.com/2007-02-08/JP ERL_0116.png
<RussellDaytrade>  Shorts ER2 @ 817.1 «« paper »» 11:23

may be early, just wanna be short11:24
* codehead_afk is now known as codehead11:34
<RussellDaytrade>  Covered all ER2 Short @ 816.7 --> + 0.4 «« paper »» 11:36
<codehead> long YM 1262612:10
12 tick stop
<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)12:12
<codehead> dow cash 12600 being resistant
YM can't get thru 12630 :-/12:14
<AmazingJason> still can though, still stuck in this range12:15

think it'll get a pop off 20 MA

in any case, i'm on the sidelines12:16
<pat255> k guys c u all later ty office12:17
  
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<codehead> cya pat

dow cash sitting on 12600

flatline there12:18

on the 2 min

exit YM +1112:21

serious, ownly cuz i gotta take a potty break :-/

well, that worked out, first target was s1 and it touched it exactly12:29
<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)13:24
<venedom> c u tomorrow nice trading13:25
<codehead> oil hod14:00
oil futs closing hod14:29
big volume push
<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)14:36
<jperl> I'm done for the day.....a very good scalping day...14:37
here are the trades....
http://charts.dacharts.com/2007-02-08/JP ERL_0117.png
<szubaark_away> nice work jperl. they add up.14:38
<jperl> tx, they sure do add up
<RussellDaytrade> i'm seeing a pattern JP...14:39

lots of trades /trading, that taken in total add up nicely...

not very many - signs in your trading today. :)14:40

time to go out and take the snow-shovel for a walk.
<NihabaAshi> This type of range can churn trading accounts.14:42
Brokers are very happy on trading day's like today.
<RussellDaytrade> feels like it gathering for an assualt to 825, not today, but over next day or so. it had it chance to fold up the tent, and decided to extend its circus act for another performance. i guess ticket sales were still strong enough to warrant it.14:55

Shorts ER2 @ 820 «« paper »» 14:56

late post, waas typing

will exit 819.3, in case working elsewhere, may p/b to below 819, hope so.15:02

Covered all ER2 Short @ 819.3 --> + 0.7 «« paper »» 15:05

done for day unless i see something compelling, that draws my attention.15:08

the volume is a no-show on this move.15:09
<NihabaAshi> Take care all and see all tomorrow.15:42
* NihabaAshi is now known as NihabaAshi_away
<GoodMood> bye Niha
<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)15:45
<RussellDaytrade> good trading action today.16:23
<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)16:57
<RussellDaytrade> i've got conflicting volume data in my IB charts. in one account, it shows really punk volume on that last spike up in the 14:55 timeframe. on another accounts charts, same chart, just looged into another account, it shows strong volume, the strongest up volume of the day, in fact. can anybody else confirm the volume from their data sources, whether it was indeed strong, or not? thx.17:02
<pdays> what instrument RD?17:05
  
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<RussellDaytrade> thx PD, the er...17:06
after reviewing a couple of differnt charts, i'm inclined to believe it was actually fairly strong vol, that more or less matched the vol levels on the downside from earlier in the day, even a little stronger actually...17:08
<pdays> i show 386 @ 14:55 in our times are in sync

if
<RussellDaytrade> when i wrote about vol being punk in earlier post, as the spike was ocuuring, i was looking at the chart i mostly use, which today was reflecting very small vol...hmmm. the stronger vol makes more sense, gonna assume thoses are the correct values.17:10
just seems like a cause refelction, when i see the discrepancies, and they are so glaring, and even from the same vendor!17:11
for reflection17:12
thx, will have to remember to check both charts in the future...back to work, thx PD.17:13
<pdays> np17:17
<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)18:09
* DisconnectedSession Close: Thu Feb 08 21:10:27 200721:10
  

 Google:

#FuturesTrades past logs can be searched via using Google. For example, pretend you want to research what has been said about volatility analysis. Go to the Google search window below and type in "volatility analysis" site:thestrategylab.com (exactly as I typed it including the quotation marks) and you will find everything associated with those key words that were used by any member of  #FuturesTrades.

  

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Argentina, Australia, Belgium, Brazil, Canada, Denmark, France, Germany, Greece, Hong Kong (China), Israel, Italy, Japan, Mexico, Portugal, Puerto Rico (U.S.), Saudi Arabia, Singapore, Spain, United States and Venezuela.

In addition, below are the trading instruments our chat room members monitor closely to make trade decisions:  

CME Emini Futures ES, NQ and ER2 

CBOT mini-sized Dow Futures YM

Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50

Eurex Fixed Income Derivatives BUND, BOBL and Schatz

Euronext Futures FTSE-100 and CAC-40

CME Futures EuroFX EC

Treasury Futures T-Notes ZN, ZF and T-Bonds ZB

Forex Currencies EurUsd, EurYen and UsdCdn

Exchange Traded Funds DIA, IWM, QQQQ, SPY, OIH, XLE and GLD  

NYMEX Energies Light Crude Oil CL, e-miNY QM and Natural Gas NG

Hang Seng Index Futures HSI

Last of all, if you have any questions about either #EminiFutures general market chat room, #FuturesTrades realtime trade posting room or the two realtime strategy discussion rooms used by traders with access to our fee-based strategies called #TheStrategyLab and #SwingTradingTSL...

Don't hesitate to ask your questions and we'll reply back as soon as possible.

Sincerely,

M.A. Perry and Associates

TheStrategyLab.com

 questions@thestrategylab.com

"The point of this whole exercise is to make money. Everything else is just conversation." --Jonathan Hoenig


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