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#FuturesTrades February 14th Wednesday 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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ER2 EuroFX EC
+22.60 +0.0000
$2,260.00 $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: Wed Feb 14 09:27:52 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
<eminitrader> morn all09:28
<szubaark> gm
<asuni> gm niha, et, gm all
<eminitrader> missed some nice set-ups yest :((
<PapaJon> gm all
<eminitrader> morn A09:29
<jperl> ER2 VWAP data....
<NihabaAshi> Good morning all.
<jperl> yesterday: 812.72

1 week: 813.13
<pat255> gm all
<jperl> 1 month: 800.08
<pat255> niha jper emini09:30
<jperl> 1 year: 746.04

gm
<asuni> hi pat09:31
<pat255> hi asuni09:32
<eminitrader> morn pat
<AmazingJason>  Shorts ER2 @ 815.40 09:33

Shorts ER2 @ 815.70 -> Add 09:35
<szubaark>  Shorts NQ @ 1801.25 «« paper »» 09:36
<AmazingJason>  Covered 1/3 ER2 Short @ 814.60 --> + 1.1 09:37
<pat255> vn
<eminitrader> nice start AJ09:38
<jperl> TotalMarket all green this AM09:39
<szubaark>  Covered all Short NQ at 1802.75 --> - 1.5 «« paper »» 09:40

Buys NQ @ 1802.50 «« paper »»
<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>  Covered all ER2 Short @ 813.9 --> + 1.3 «« paper »»
<eminitrader> nice one RD09:41
<AmazingJason>  Covered 1/3 ER2 Short @ 814.10 --> + 1.3
   
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<RussellDaytrade> thx EM, that was an open short from yesterdays close.
<eminitrader> k :))
<RussellDaytrade> i already miss not having an open short!09:42
<eminitrader>  Shorts ES @ 1450.75 09:44
<RussellDaytrade>  Shorts ER2 @ 814.6 «« paper »» 09:46
<szubaark>  Exited all Long NQ at 1800 --> - 2.5 «« paper »» 09:47

Shorts NQ @ 1800 «« paper »»
<eminitrader>  Covered ES Short @ 1450.75 --> 0 09:49
Reverse and Enter Long ES @ 1450.75
<NihabaAshi> ER2 volatility has declined nicely...I'm expecting a volatility spike soon.09:50
<AmazingJason>  Shorts ER2 @ 814 -> Add 09:51
<NihabaAshi>  Shorts ER2 @ 813.90 -> small size
<AmazingJason>  Shorts ER2 @ 814.90 -> Add 09:53
<NihabaAshi>  Covered ER2 Short @ 813.90 --> 0

Reverse and Enter Long ER2 @ 813.90

Oooops...

That's a -1.00 on the small size and I'm now Long with a large size.09:54

Long ER2 @ 814.90 -> large size
<pat255>  Business Inventories @ 909:57
<jperl> ER2 stalled at VWAP 814.7109:58
<Chilly>  Long ES @ 1451.25 «« paper »» 09:59
<szubaark>  Covered all Short NQ at 1803 --> - 3 «« paper »» 10:00

:(
<eminitrader>  Exited 1/2 ES Long @ 1453.25 --> + 2.5
<AmazingJason>  Covered all ER2 Short @ 814.40 --> + 1.5
<Chilly>  Exited 1/3 ES Long @ 1453.25 --> + 2 «« paper »»
<AmazingJason> wow damn i got lucky jesus
<eminitrader>  Exited 1/3 ES Long @ 1454.25 --> + 3.5 10:01
<NihabaAshi>  Exited 1/2 ER2 Long @ 816.10 --> + 1.2
<Chilly>  Exited 1/3 ES Long @ 1454.25 --> + 3 «« paper »»
<szubaark>  Shorts NQ @ 1804.50 «« paper »»
<jperl> TotalMarket shot up like it had a hot poker up its butt
<AmazingJason> I had 3 contracts left, i pressed the buttons to cover on that last push down, MB Trading CRASHED
<RussellDaytrade> nice reverse on that EM, Niha.
<AmazingJason> luckily, it covered, jesus
<eminitrader> thx rd
<RussellDaytrade>  Shorts ER2 @ 817 -> Add «« paper »» 10:02
<AmazingJason> sigh damn
actually i still have some left
trade didn't go through
<eminitrader>  Exited 1/3 ES Long @ 1455.75 --> + 5

holding 110:03
<pat255> vn em
<eminitrader> thx pat
<AmazingJason> down for the day before of the crash...
<szubaark>  Covered all Short NQ at 1810.25 --> - 5.75 «« paper »»

crap..
<Chilly>  Exited 1/3 ES Long @ 1456.00 --> + 4.75 «« paper »»
<PapaJon> what the hell did bernie say?

if anything?
<jperl> he did say something10:04
<eminitrader> be long :)
<RussellDaytrade>  Shorts ER2 @ 818 -> Add «« paper »»
<NihabaAshi>  Exited Remainder ER2 Long @ 818.00 --> + 3.1
<pat255> vn niha ..
<ItalianSharp> bernanke said inflation pressures are diminishing10:05

guess that sparked the markets
<jperl> niha must have had inside info about bernanke...lol
<ItalianSharp> guess the US dollar is gonna get hammered as well
<eminitrader>  Exited Remainder ES Long @ 1455.75 --> + 5 10:06
<RussellDaytrade> culmination of Fridays selloff. :) my early buys that looked so god-awful then, in retrospect, seem pretty-darned astute. i'm thinking these shorts may have a similarity in that regard, just gotta tkae some heat first, and enjoy the high prices10:07
<NihabaAshi> Too bad I was on the light side of a Long position.10:08
<ItalianSharp> dollar getting hit hard10:09
<RussellDaytrade>  Shorts ER2 @ 820.8 -> Add «« paper »» 10:10
<ItalianSharp> we have oil report at 10.30am
<NihabaAshi>  Long ER2 @ 820.60 -> large size
Exited ER2 Long @ 819.90 --> - 0.7 10:12
Reverse and Enter Short ER2 @ 819.90
<AmazingJason>  Shorts ER2 @ 819.40 10:14

Shorts ER2 @ 819.90 -> Add 10:15
<RussellDaytrade> short 4 at ap 817.6
<NihabaAshi> Volatility dropping...I'm preparing for a volatility spike to either cover a large portion of my position at a WRB or to reverse into a Long position.10:17
<pat255> niha em u held before the report ...
<eminitrader> yes pat10:18
<pat255> nice hmmm i did not ...just did not know which wayit will go
vn guys ...10:19
<NihabaAshi>  Covered 3/4 ER2 Short @ 818.90 --> + 1 10:20
<pat255> excellent both of u..
<AmazingJason>  Covered all ER2 Short @ 818.80 --> + 1.7
<eminitrader> :))...yep was a nice trade
<AmazingJason>  Long ER2 @ 819.30 10:23

back at breakeven after client crash :(
<NihabaAshi> Amazing...I know the feeling...it's happen to me before in the past during one of those "extreme parabolic price movement".10:24
<RussellDaytrade> got a t of 817 @ 11:47 et. :)10:25
<NihabaAshi> I think it was the first of the Bin Laden capture rumor :(
<RussellDaytrade> oops, thats 10;47et
<AmazingJason>  Exited 1/3 ER2 Long @ 819.60 --> + 0.3 10:26
<NihabaAshi>  Covered Remainder ER2 Short @ 819.60 --> + 0.3
<pat12> dang got disconnected
oil report in 3 min.10:27
<AmazingJason>  Exited Remainder ER2 Long @ 819 --> - 0.3 10:28
<NihabaAshi>  Shorts ER2 @ 818.30 -> medium size 10:29
<pdays> inventories bigger than expected10:31
<pat12> all bad news will be ignored imo
<RussellDaytrade> will somebody wake me when it hit 816.5 orr so? thx10:34

buy limit to cover ER2 short @ 816.9 «« paper »» 10:36
<NihabaAshi> Volatility has dropped dramatically...10:38
I'm expecting a volatility spike here soon.
<eminitrader>  Long ES @ 1456.50 10:41

stops in ...be back10:43
<NihabaAshi>  Shorts ER2 @ 818.50 -> Add 10:44
Covered 2/3 ER2 Short @ 817.80 --> + 0.7 10:50
Covered Remainder ER2 Short @ 818.10 --> + 0.2 10:52
I'm going to email FED Bernanke another "Thank You for Today's Profits" message.
<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> That's 7 out of 7 times when he's produced a parabolic price movement...I was able to profit from it nicely.
On that note...I'm taking an early break from trading to spend some time with the spouse.10:53
<RussellDaytrade> price stalling and not extending into t in here. thats ok, will just wait some more.
<NihabaAshi> 1) It's Valentine's Day 2) ER2 currently in a stable pullback and I don't want to get caught churning my account in it :)10:54
Be back later.
* NihabaAshi is now known as NihabaAshi_away
<pat12> vn niha ...10:56
k guys c u later ...back to office.
<eminitrader>  Exited 1/2 ES Long @ 1458.50 --> + 2 11:14
<AmazingJason>  Long ER2 @ 819.80 11:15
<jperl> Done for the morning.....

here are this mornings trades....

http://charts.dacharts.com/2007-02-14/JP ERL_0129.png
<werner> gm all
<jperl> trade starting at 10:15 was a LONG that was reversed into a short with large position sizing11:16
<AmazingJason>  Exited 1/2 ER2 Long @ 820.10 --> + 0.3 11:19
Exited Remainder ER2 Long @ 820.20 --> + 0.4
<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)12:04
<eminitrader>  Exited Remainder ES Long @ 1456.50 --> 0 12:29
<RussellDaytrade>  cancelled all open stop orders «« paper »» 12:57
  
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* NihabaAshi_away is now known as NihabaAshi13:38
<NihabaAshi>  Shorts ER2 @ 819.20 -> small size 13:54
Covered ER2 Short @ 818.90 --> + 0.3 14:02
<eminitrader>  Long ES @ 818.70 14:20

paper 1 pt stop14:21

assume 3 contract size

Exited all ES Long @ 817.70 --> - 1 14:23
<pat255> oh my all bulls....14:24
em u trading ER?
<eminitrader> lot to learn on the er...pa is so different compared to es14:25

paper
<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)
<pat255> yup...good...

amazing 2 days14:29
<eminitrader> missed yest action14:30
<szubaark> hi pat.. yeah i got caught Short at the upspike :( Bernake speech did it
<pat255> sorry szu...
glad i did not S...but missed the up moce..14:31
Niha comment this am was pertinet
on Bernake..just buy
<codehead> short YM 12774 <paper>14:36

stop 12781 <paper>14:37
<ItalianSharp> some nice profit takin on ER...the big boys definetely didnt do anything to hide it...lol
<szubaark> u saying this upmove today is Profit taking disguised under "Bernake speech"?14:38
<eminitrader> :))14:41
looks like the ER may retest 820.50 - 821.50 area14:42
Shorts ES @ 1460.50 14:46
4 tick stop ...be back14:47
<ItalianSharp> szu: no, i am saying the last down-spurt was profit taking from the prior upmove courtesy of bernanke14:48
<codehead> exit YM b/e <paper>
bad fill ;-)
<ItalianSharp> the move that occured from 819 to 816.50 around 14.2514:49
<RussellDaytrade>  Covered all ER2 Short @ 816.9 --> - 814.6 «« paper »» 14:50
anybody else out there using IB and have their charts stalling / not updating on an intermitten basis?14:53
<eminitrader> es doesn't want to move down :(14:58
<jperl> I'm done for the day.....some profits14:59
http://charts.dacharts.com/2007-02-14/JP ERL_0131.png
<eminitrader>  Covered ES Short @ 1460.50 --> 0

Reverse and Enter Long ES @ 1460.50
<RussellDaytrade> looks like net 120-139 or so15:00
<eminitrader> all indices aligned for a upmove
<RussellDaytrade> 120-130
<jperl> yes ....looks about right
<RussellDaytrade> beats a poke in the eye, wtg, large exposure on that morning short scale in, you muast been under some heat, glad it worked out.15:02
<jperl> never under any heat RD....

Just manage the trade
<RussellDaytrade> usually an opportunity in desguise, just don't always feel like it.15:03
good work JP.
Shorts ER2 @ 818.6 «« paper »»
good, get to begin over from a higher ap
<jperl> Once you decide what your daily risk tolerance is, everything else will fall into place
<RussellDaytrade> gdit, my charts are on gain off again, all fkn day long today, those fb's at IB.15:06
<eminitrader>  Exited all ES Long @ 1460.50 --> 0 15:09
<RussellDaytrade>  Covered all ER2 Short @ 817.4 --> + 1.2 «« paper »»
http://s138.photobucket.com/albums/q277/ RussellDaytrade2/?action=view&current=er 2-14-07.jpg15:22
<pat255> c u all later ty
<RussellDaytrade> todays trades in one sim acct, net 540 in that acct, simialr trades in another with same results, net 500. :)...i miss having an open short.15:23
manunevered those trades a little better, took some in when i was up, then put them back out, in smaller size as it went back up, a couple times, took it all in on that first good drop, flat now.15:28
i like the way the er trades, i find it...predictable, sometimes i can even set my watch by it! :) had set an earlier t of 814.5 or thereabouts, and had estimated it to fulfill near an hour and a quarter ago, when i set it it was 4 hours from its expected arrival, and i figured that would suffice, (those far out t's in time are a little more of a challenge to dial in, time-wise...newsflash!!!15:33
dow up a hundo, er flat, rally ain't gonna last, its a goner, right from here most likely.15:34
<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)15:37
<NihabaAshi> ER2 has retraced that entire parabolic price move we saw earlier this morning.15:53
Long ER2 @ 815.80 -> small size 15:54
<RussellDaytrade> who'd a thunk it!?

:)15:55

806-807 by eod tomorrow15:56
<NihabaAshi>  Long ER2 @ 815.60 -> Add 16:00
Long ER2 @ 815.20 -> Add
All 1 contract entries.
Exited 1/3 ER2 Long @ 815.90 --> + 0.7 16:01
Exited 1/3 ER2 Long @ 816.20 --> + 0.4
Exited Remainder ER2 Long @ 816.60 --> + 0.8 16:02
I'm done for the trading day.
<RussellDaytrade> you sure, there a whole 12 minutes of trading left? :)16:03
<eminitrader> lol
<RussellDaytrade> thanks for that, have a good one everyone.16:04
<werner> gn all16:09
<NihabaAshi> Take care all and see all tomorrow.16:21
* NihabaAshi is now known as NihabaAshi_away
* DisconnectedSession Close: Wed Feb 14 16:26:06 200716:26
  
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In addition, below are the trading instruments our chat room members monitor closely to make trade decisions:  

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