#FuturesTrades trade log for traders - CBOT, CME, EUREX, EURONEXT, NYMEX, COMEX and FOREX

February Trade Log

Trade Strategies

Discussion Forum

Music While Trading

Testimonials

Disclaimer

#FuturesTrades February 13th Tuesday 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.

Trader's

Books

Videos

DVD

VHS

PAL

Audio

Click Here

ER2 EuroFX EC

+2.00 +0.0000

$200.00 $0.00

Trading Perspective

Profit/Loss Statement

The below trade posting log contains useful info even though I don't have time to summarize my own trading today.

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.


Session Start: Tue Feb 13 09:27:33 2007Session Ident: #futurestrades

* Now #FuturesTrades purpose, benefits and access info...click here. 09:27

<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm

<jperl> ER2 VWAP data.... 09:28

yesterday: 807.33

1 week: 812.74

1 month: 799.36

1 year: 745.83 09:29

<ItalianSharp> thanks JP

<jperl> yw

<PapaJon> gm all

<pat255> gm all 09:31

<NihabaAshi> Shorts ER2 @ 811.20 -> large size

Covered ER2 Short @ 811.60 --> - 0.4 09:32

Reverse and Enter Long ER2 @ 811.60

I have a Bearish Bias.

Exited all ER2 Long @ 811.80 --> + 0.2 09:33

Shorts ER2 @ 812.10 -> large size 09:34

Covered ER2 Short @ 812.40 --> - 0.3 09:35

Reverse and Enter Long ER2 @ 812.40

<RussellDaytrade> Long ER2 @ 812.5 «« paper »»

<NihabaAshi> Exited ER2 Long @ 811.80 --> - 0.6 09:36

Reverse and Enter Short ER2 @ 811.80

I'm loaded and will ADD to it.

<RussellDaytrade> Exited all ER2 Long @ 812.2 --> - 0.3 «« paper »» 09:37

<NihabaAshi> Shorts ER2 @ 812.20 -> Add 09:38

<jperl> ER2 at 1 week VWAP 812.74

<venedom> gm 09:39

<szubaark> Shorts NQ @ 1794.50 «« paper »»

<NihabaAshi> Covered ER2 Short @ 812.40 --> - 0.6 09:40

Reverse and Enter Long ER2 @ 812.40

Back to Neutral Bias 09:41

Need to hold this Long into a WRB pt1 level to get profitable for the day :(

<jperl> all indicies are green this morning... 09:44

http://charts.dacharts.com/2007-02-13/JP ERL_0121.png

<NihabaAshi> Exited all ER2 Long @ 812.00 --> - 0.6 09:49

<RussellDaytrade> Shorts ER2 @ 812.2 «« paper »»

<jperl> ER2 VWAP=812.16 09:50

<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) 09:52

<NihabaAshi> Long ER2 @ 812.20 -> large size

<szubaark> Covered all Short NQ at 1794.25 --> + 0.25 «« paper »» 09:53

<NihabaAshi> Exited ER2 Long @ 812.40 --> + 0.2

Reverse and Enter Short ER2 @ 812.40

Covered all ER2 Short @ 812.10 --> + 0.3 09:55

Trading Edge:
Strategies
If your an independent trader looking for an edge to help you traverse around obstacles to profitable trading...a method that's well defined, gives you a better understanding of the markets, applicable for day trading, position trading, swing trading, market seasonal tendencies, position size management with a money back guaranteed policy...click here.

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> Covered all ER2 Short @ 811.6 --> + 0.6 «« paper »»

<pat255> chop start

<NihabaAshi> Shorts ER2 @ 811.70 -> large size

<szubaark> Buys NQ @ 1795 «« paper »» 09:56

<NihabaAshi> Shorts ER2 @ 812.00 -> Add 09:57

Covered ER2 Short @ 812.20 --> - 0.5 09:59

Reverse and Enter Long ER2 @ 812.20

:(

<szubaark> exit stop set NQ @ 1795 «« paper »» 10:00

Exited all Long NQ at 1797.25 --> + 2.25 «« paper »»

<PapaJon> er2 is very uncharateristic today 10:01

<NihabaAshi> Exited 1/2 ER2 Long @ 813.30 --> + 1.3 10:02

<PapaJon> i have yet to have a valid signal for my strats

<RussellDaytrade> how so?

<PapaJon> well... is not acting normal for my system anyway RD

<NihabaAshi> Exited ER2 Long @ 814.00 --> + 1.8

Holding a few

<PapaJon> i usually have 2 or 3 signals by now

<pat255> vn niha 10:03

too choppy ...sigh

<PapaJon> it seems to be more psycho than normal i guess

<NihabaAshi> I needed those +1 pointers to get me out of a deep hole.

<RussellDaytrade> ok, thx, i thought you may enjoy providing some insight into hat you are seeing that makes it uncharacteristic, etc.

<NihabaAshi> One position size error on a trade reversal caused the bulk of the problem :( 10:04

<RussellDaytrade> Shorts ER2 @ 814 «« paper »»

<PapaJon> i would enjoy if i could describe it better.. sorry RD

<RussellDaytrade> late post, was typing

Covered all ER2 Short @ 813.3 --> + 0.7 «« paper »»

<PapaJon> perhaps the Bernie speak tomorrow is contributing to the so-so action 10:05

<NihabaAshi> Exited Remainder ER2 Long @ 813.30 --> + 1.1

<pat255> wtg

<NihabaAshi> Long ER2 @ 813.50 -> medium size 10:06

<PapaJon> among the housing/building industry (and people i do business with), there is still concern of the fed raising rates in the near future.

another hit or two against the industry would be like pouring salt into the wound in our area... 10:07

<NihabaAshi> Exited ER2 Long @ 813.20 --> - 0.3

Reverse and Enter Short ER2 @ 813.20

<AmazingJason> Shorts ER2 @ 813.20

<RussellDaytrade> PJ, you staying busy doing home inspections, or has your biz slowed noticably?

<PapaJon> I am sure that is the same in many other areas too... especially in the spring/summer time when housing mrkt start to pick up

<NihabaAshi> Shorts ER2 @ 813.10 -> Add 10:08

<PapaJon> well... i build custom homes.... am buiding one right now for a client... I do inspections on the side

in answer to your question... YES... inspections are slow but

just this month... it kinda had a surge

<NihabaAshi> Shorts ER2 @ 813.20 -> Add 10:09

<RussellDaytrade> ok, i went to your home inpestion website a while back, that you had some posts linked to, thought that ws yur primary biz.

<venedom> Long ER2 @ 813.20

<PapaJon> still is way behind the normal market action for housing sales

no... just a sideline that provides some extra cash 10:10

<RussellDaytrade> easy money!

<PapaJon> since i been building homes for over 27 years.. i figured i could do this quite easily

sort of... but high liability

<NihabaAshi> Covered ER2 Short @ 813.60 --> - 0.4 10:11

Reverse and Enter Long ER2 @ 813.60

<RussellDaytrade> its a small world, you ever been called in to inspect any of your own builds?

<PapaJon> no.. and i would not be able to inspect them... 10:12

it would be a conflict of interest

<NihabaAshi> Exited all ER2 Long @ 813.70 --> + 0.6

<RussellDaytrade> that makes sense, best left alone.

<venedom> Exited all ER2 Long @ 813.70 --> + 0.5

<NihabaAshi> That's a +0.10, not a +0.60

<RussellDaytrade> Shorts ER2 @ 813.5 «« paper »» 10:13

<NihabaAshi> The prior ADDs in the Short is messing up the script math.

Shorts ER2 @ 813.00 -> large size 10:14

<RussellDaytrade> Covered all ER2 Short @ 813.1 --> + 0.4 «« paper »»

<AmazingJason> tough market today 10:17

<NihabaAshi> Overall volatility becoming clearer...its low and starting to be even from one interval to the next.

That usually results in a tough trading day.

Will now go into "quick profit taking mode". 10:18

<jperl> ER2 seems to like the 1 week VWAP this morning

keeps coming back to it

<NihabaAshi> Covered 2/3 ER2 Short @ 812.80 --> + 0.2

Covered Remainder ER2 Short @ 812.90 --> + 0.1 10:19

<venedom> Long ER2 @ 812.80 10:20

<pat255> k gus biab @office ty all

<ItalianSharp> yep niha...scalping mode seems the way to go for the moment

tough to hold onto trades for more than a few ticks without risking too much...the risk/reward sucks right now

<NihabaAshi> Shorts ER2 @ 812.80 -> large size 10:21

<AmazingJason> need a push

<venedom> Exited all ER2 Long @ 813.10 --> + 0.3 10:22

Long ER2 @ 812.80 10:27

<NihabaAshi> ER2 volatility now low enough to be expecting a volatility spike here soon.

If this spike upwards...it should retest the 814.00 price area. 10:29

If it spikes downwards...it should test the 812.00 price area

<venedom> Exited 1/3 ER2 Long @ 813.40 --> + 0.6 10:31

<PapaJon> 814.6 would close the hidden gap on the daily

<venedom> Exited Remainder ER2 Long @ 813.10 --> + 0.3

<NihabaAshi> Covered ER2 Short @ 813.00 --> - 0.2 10:32

Reverse and Enter Long ER2 @ 813.00

Exited ER2 Long @ 812.60 --> - 0.4 10:33

Reverse and Enter Short ER2 @ 812.60

<AmazingJason> Covered 1/3 ER2 Short @ 812.40 --> + 0.8

<NihabaAshi> Shorts ER2 @ 812.70 -> Add 10:35

Covered 1/2 ER2 Short @ 812.00 --> + 0.7 10:36

<AmazingJason> Covered 1/3 ER2 Short @ 811.90 --> + 1.3

<NihabaAshi> right back where I started :( 10:37

<AmazingJason> Covered Remainder ER2 Short @ 811.90 --> + 1.3 10:39

<ItalianSharp> niha, you are the living example of the best principle of daytrading: keep your losers small and let your profits run...your winning% must be well below 50% today, but yet you still managed to keep things under control and right now you have the chance to be profitable for the day...great learning lesson today

for all newbies seeking the holy grail...well, thats the holy grail 10:40

<AmazingJason> i wanted to hold my last 1/3, but MB Trading keeps crashing

<szubaark> Italian yes BUT Nihas entries are very good and newbies entries arent even close so they cant keep their Stops tight like Niha :( 10:41

there is A LOT MORE to it then just small Stops 10:42

<ItalianSharp> szu: i don't agree with you. focusing too much on the entries is mistake #1 newbies make. I too have been focusing so much on the PERFECT entry, yet I the more I trade the more I learn that entering is the last thing you should worry about...trade management is by far more important 10:43

niha manages to keep his losers small simply because he accepts losses very easily and cuts his losers short 10:44

<NihabaAshi> ItalianS...learning how and when to ride a winner long enough to compensate for a trading day that has a poor win:loss ratio took years of trading and tons of patience.

A little luck too.

<szubaark> Niha thats my point.

<ItalianSharp> i agree niha, it takes years of experience...but cutting your losers short is just a matter of accepting losses and keeping your capital intact when you are wrong and when the market doesn't prove you right 10:45

<NihabaAshi> I still haven't had a trade where I smell blood (go for the kill) sort'uv speak.

Hopefully it comes soon instead of later in the trading day. 10:46

<ItalianSharp> if you are a daytrader, most of the days the market will give you the opportunity to have 1-2 decent trades...however, you never know WHEN...it could be the 1st trade of the day or the last one...our job as daytraders is to keep our drawdown to a minimum so that we can shoot all teh bullets in our guns and eventually catch the good trades 10:47

<NihabaAshi> If this can retest 810.70, that's a good price to start smelling blood.

<AmazingJason> Long ER2 @ 812.10 -> small size 10:48

<RussellDaytrade> 810.7 a good price to long them, or short them? 10:49

<NihabaAshi> Covered ER2 Short @ 812.30 --> + 0.3

Reverse and Enter Long ER2 @ 812.30

Exited ER2 Long @ 811.80 --> - 0.5 10:52

Reverse and Enter Short ER2 @ 811.80

<AmazingJason> Exited all ER2 Long @ 811.50 --> - 0.6

<Chilly> Shorts ES @ 1442.75 «« paper »»

<NihabaAshi> I'm starting to smell blood...will hold my Short a little longer. 10:54

<Chilly> Covered 1/3 ES Short @ 1441.75 --> + 1 «« paper »» 10:58

<NihabaAshi> Covered 2/3 ER2 Short @ 810.30 --> + 1.5 10:59

<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) 11:04

<Chilly> Covered 1/3 ES Short @ 1442.00 --> + 0.75 «« paper »» 11:06

<NihabaAshi> ER2 volatility low enough in that I'm expecting a volatility spike here soon. 11:14

Volatility pickup...but no volatility spike so far. 11:16

<asuni> niha u are in the market? i was disconnected 11:19

<NihabaAshi> Yes...I'm still Short after smelling some real weakness in the market. 11:20

However, I only have 1/3 remainder of the original position.

<jperl> TotalMarket mixed at the moment.... 11:21

http://charts.dacharts.com/2007-02-13/JP ERL_0122.png

<NihabaAshi> asuni, the odds are against me "now" that this will drop further. 11:22

If ER2 can retrace about 3-5 ticks back down...I should be able to catch a WRB pt level exit. 11:25

Covered Remainder ER2 Short @ 811.50 --> + 0.3 11:26

<RussellDaytrade> Shorts ER2 @ 812 «« paper »» 11:28

<NihabaAshi> Long ER2 @ 812.00 -> large size

Poor entry into the closing of a WRB :(

<RussellDaytrade> Covered all ER2 Short @ 811.6 --> + 0.4 «« paper »» 11:29

<NihabaAshi> Long ER2 @ 811.80 -> Add

<Chilly> exit stop set ES @ 1444.50 «« paper »» 11:31

Trailing Stop Hit ES @ 1444.50 --> - 1.75 «« paper »» 11:33

<NihabaAshi> Exited 1/3 ER2 Long @ 812.30 --> + 0.5

<jperl> ER2 back at weekly VWAP yet again 812.74 11:34

<RussellDaytrade> Shorts ER2 @ 812.6 «« paper »» 11:35

<NihabaAshi> Exited 1/3 ER2 Long @ 812.30 --> + 0.3 11:36

:(

I just lost my Eurex data feed. 11:38

<venedom> Long ER2 @ 812.30 11:39

exit stop moved to breakeven ER2 @ 812.30 11:43

<NihabaAshi> Exited ER2 Long @ 812.70 --> + 0.7 11:44

Holding a few contracts.

<jperl> Done for the morning..... 11:45

here are the trades....

http://charts.dacharts.com/2007-02-13/JP ERL_0123.png

<NihabaAshi> Exited ER2 Long @ 813.30 --> + 1.3

Holding 1 contract 11:46

<venedom> Exited all ER2 Long @ 813 --> + 0.7 11:55

got disconected sorry

<AmazingJason> Shorts ER2 @ 812.70 11:56

<NihabaAshi> Exited ER2 Long @ 812.60 --> + 0.6

Reverse and Enter Short ER2 @ 812.60

Covered Remainder ER2 Short @ 812.40 --> + 0.2 11:57

<AmazingJason> Covered 1/3 ER2 Short @ 812.40 --> + 0.3 11:58

<NihabaAshi> Shorts ER2 @ 812.30 -> small size 11:59

<AmazingJason> Covered 1/3 ER2 Short @ 812.20 --> + 0.5

Covered Remainder ER2 Short @ 812.60 --> + 0.1 12:06

<NihabaAshi> Covered all ER2 Short @ 812.50 --> - 0.2

Shorts ER2 @ 812.00 -> medium size 12:08

<RussellDaytrade> Covered all ER2 Short @ 8112.2 --> - 7299.6 «« paper »»

<NihabaAshi> Shorts ER2 @ 812.20 -> Add

<RussellDaytrade> oops, that 812.2, wanted 811.8, it didn't penetrate it. 12:09

Covered all ER2 Short @ 812.2 --> + 0.4 «« paper »»

<NihabaAshi> Shorts ER2 @ 812.50 -> Add 12:13

<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) 12:16

<RussellDaytrade> Shorts ER2 @ 812.8 «« paper »» 12:24

<NihabaAshi> Covered ER2 Short @ 812.80 --> - 0.8

Reverse and Enter Long ER2 @ 812.80

:(

<RussellDaytrade> Covered all ER2 Short @ 812.5 --> + 0.3 «« paper »» 12:28

wanted more, buy had an early entry 12:29

Sponsor:
Traders Accounting
As traders we must treat our trading like a business if we are to succeed as traders and as a business. Therefore, waiting till the last few weeks March to prepare for April's taxes is not good for your trading and could put extra stress on your trading during tax month or the months that follow if your one of those traders that filed an extension.. Therefore, its best to be on top of your taxes throughout the year and Traders Accounting is a great resource for such especially if you want to prevent penalties or an audit several years from now.

<NihabaAshi> Exited ER2 Long @ 812.50 --> - 0.3 12:30

Reverse and Enter Short ER2 @ 812.50

Shorts ER2 @ 812.40 -> Add

Shorts ER2 @ 812.80 -> Add 12:34

I'm at a Large position mainly because I'm tired of the churn. 12:35

I'll either get my profit goal for the day on this trade or be in the red at a level that'll force me to take a break from trading. 12:36

<RussellDaytrade> i may be done, unless and until i see prices north of 815, at which ooint i start selling again 12:37

<AmazingJason> this action is deadening 12:38

<RussellDaytrade> this a great action.

<NihabaAshi> Shorts ER2 @ 813.50 -> Add 12:41

ER2 now within a key s/r zone 12:42

<AmazingJason> Shorts ER2 @ 813.20 12:45

Covered all ER2 Short @ 814 --> - 0.8 13:06

<NihabaAshi> Covered all ER2 Short @ 814.50 --> - 3 13:08

<AmazingJason> tough day 13:12

<NihabaAshi> Yep

<ItalianSharp> when a day like today shows up, you know a good volatility day is right around the corner 13:13

<NihabaAshi> I'm expecting Thurs and Frid (after tomorrow's valentine day) to have some good volatility.

<Chilly> Shorts ES @ 1447.25 «« paper »» 13:14

<NihabaAshi> Shorts ER2 @ 814.30 -> large size

Volatility is rising...hopefully it will stay and not disappear going into the active later afternoon trading session. 13:18

<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) 13:28

<NihabaAshi> Covered 1/2 ER2 Short @ 814.00 --> + 0.3 13:30

Covered Remainder ER2 Short @ 814.10 --> + 0.2 13:31

<pat255> emini any trades this am? 13:32

uptrend so far.. 13:33

<AmazingJason> hmm shoulda went long on pullback, went to get lunch

<NihabaAshi> Long ER2 @ 814.30 -> large size 13:34

<AmazingJason> think i'll just relax for rest of day

need to make sure all v-day stuff gets done also :/ 13:37

<Chilly> Covered 1/3 ES Short @ 1445.75 --> + 1.5 «« paper »» 13:38

<NihabaAshi> Exited ER2 Long @ 813.60 --> - 0.7 13:39

Reverse and Enter Short ER2 @ 813.60

Covered all ER2 Short @ 813.40 --> + 0.2 13:44

<Chilly> Covered 1/3 ES Short @ 1446.25 --> + 1 «« paper »» 13:45

exit stop set ES @ 1447.00 «« paper »» 13:46

<NihabaAshi> Shorts ER2 @ 813.30 -> large size 13:49

<pat255> biab ...ty 13:52

<Chilly> Trailing Stop Hit ES @ 1447.00 --> + 0.25 «« paper »» 14:06

<venedom> Shorts ER2 @ 813.90 -> medium size 14:10

<NihabaAshi> Shorts ER2 @ 813.60 -> Add

Wow...volatility has not picked up this late afternoon trading. 14:31

In fact, its declined :(

Shorts ER2 @ 813.90 -> Add 14:36

Volatility picking up a little.

<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) 14:40

<NihabaAshi> Covered 1/3 ER2 Short @ 813.00 --> + 0.9 14:41

Covered 1/3 ER2 Short @ 812.20 --> + 1.1 14:47

That helps A LOT !!!

Volatility has dried up again...expecting a volatility spike here soon. 14:59

Hopefully it doesn't dry up while price rises...

That would limit my ability to catch a good price to reverse my Short remainders into a Long position. 15:00

I need a 812 exit on some contracts to give me a fighting chance to possibly go profitable for the day if the following trade entry results as a profit. 15:03

<venedom> Covered all ER2 Short @ 812.20 --> + 1.7 15:04

<ItalianSharp> looks like ER wants to take out those stops 15:05

<NihabaAshi> Covered ER2 Short @ 811.90 --> + 1.4 15:08

Holding 3 contracts

Covered ER2 Short @ 811.60 --> + 1.7 15:11

Holding 2 contracts

<AmazingJason> Long ER2 @ 818.80 15:18

<NihabaAshi> Covered ER2 Short @ 811.80 --> + 1.5 15:21

Holding 1 contract 15:22

Covered Remainder ER2 Short @ 811.90 --> + 1.4

<AmazingJason> Exited all ER2 Long @ 812.20 --> - 6.6 15:23

<NihabaAshi> Down $260 bucks...not sure if I want to put on another trade in an attempt to get profitable.

<AmazingJason> i meant 812.20

818.80 :) 15:26

arg my #s are all wrong...811.80 for entry...812.20 for exit 15:27

even after quick hit and run, down for day :(

that was a nice comeback niha 15:28

Shorts ER2 @ 812.10 15:34

<NihabaAshi> I was down about $2300 and now only down $260

<AmazingJason> Covered 1/3 ER2 Short @ 811.90 --> + 0.2 15:35

Covered Remainder ER2 Short @ 812.60 --> - 0.5 15:36

<NihabaAshi> Long ER2 @ 812.40 -> small size

<jperl> I'm done for the day.... 15:37

here are the trades.... 15:38

http://charts.dacharts.com/2007-02-13/JP ERL_0124.png

Last trade was a reversal with postion sizing to make it profitable

Not a nice trading day

<RussellDaytrade> 160 net beats a poke in the eye. 15:39

<NihabaAshi> Exited 2/3 ER2 Long @ 813.60 --> + 1.2 15:40

I saw that volatility coming a mile away :)

<jperl> Yes I guess it does

<NihabaAshi> Holding 1 contract

Trading is so much easier when there's "consistent volatility". 15:42

:)

<RussellDaytrade> maybe my 815 sell will get triggered yet.

got sdells at 815 816 817, though i do not expect tehm to (all) hit, maybe the 815 15:44

hope so.

<NihabaAshi> Exited Remainder ER2 Long @ 814.60 --> + 2.2 15:47

Dropping my position size all the way down to 1 contract only...

I'm in profit protection mode.

<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) 15:49

<NihabaAshi> I'm done for the day.

Tough trading although not too stressful. 15:50

I just had to keep at it and be patient along with crossing my finger that volatility will show up on a consistent basis.

<venedom> ty for a good day c u all tomorrow 15:54

<RussellDaytrade> Shorts ER2 @ 815.2 «« paper »» 16:08

<werner> gn all 16:18

* DisconnectedSession Close: Tue Feb 13 16:45:16 2007 16:45

Sponsor:
Skype

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.


We are proud to say that our chat room members are from the following geographical areas in the world:

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.