|
|
|
#FuturesTrades purpose, benefits and access
info for day traders, swing traders and position traders...click
here. |
| Session Start: Fri Feb 29 00:00:01 2008Session Ident: #futurestrades |
<X> | [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm |
<szubaark> | Shorts ES @ 1352.75 «« paper »» | 09:35 |
<NihabaAshi> | DAX spike down | 09:42 |
<szubaark> | Covered all Short ES at 1349 --> + 3.75 «« paper »» |
<NihabaAshi> | Shorts ER2 @ 696.20 -> large size |
| intuition trade... | 09:43 |
| I'm just going to follow Eurex and see what happens |
<szubaark> | also got Oil and Gold on your side |
| 10 AM Consumer Confidance | 09:44 |
<NihabaAshi> | szu...yes...hopefully they can keep a low resistance level for my trade |
| DAX still trying hard to push lower | 09:45 |
| Same with other Eurex and Euronext |
| Covered ER2 Short @ 694.80 --> + 1.4 | 09:46 |
<szubaark> | nice Niha. |
<NihabaAshi> | Oil and Gold trying hard to form a support level |
| ER2 pushing lower...its now on its own. | 09:47 |
<werner> | gm all | 09:48 |
<rickf> | gm werner | 09:49 |
<megus> | es broke through the 1350, that was s&p's most recent support | 09:50 |
<NihabaAshi> | volatility contracting | 09:53 |
| Shorts ER2 @ 695.10 -> small size | 09:54 |
| 2 only |
<Kn-Es> | add 47.50 | 09:55 |
<NihabaAshi> | Covered ER2 Short @ 696.20 --> - 1.1 | 09:56 |
| Reverse and Enter Long ER2 @ 696.20 |
| suckered punched :( | 09:57 |
| Exited ER2 Long @ 696.30 --> + 0.1 | 09:59 |
| volatility contracting again and got lucky to be able to exit in a drift up (noise). | 10:00 |
<Pat> | yup | 10:01 |
<NihabaAshi> | Long ER2 @ 696.90 -> small size | 10:04 |
<szubaark> | Shorts ES @ 1349 «« paper »» | 10:05 |
<NihabaAshi> | szu...I like your entry...that should also imply something about my current Long :( | 10:06 |
<szubaark> | yeah, we'll see :) |
| Covered all Short ES at 1349 --> 0 «« paper »» | 10:08 |
| Shorts ES @ 1349 «« paper »» | 10:10 |
<NihabaAshi> | Exited ER2 Long @ 696.20 --> - 0.7 |
<szubaark> | hopefully will get a Volatility spike to downside, im Short |
| exit stop moved to breakeven ES @ 1349 «« paper »» |
<NihabaAshi> | Shorts ER2 @ 695.10 -> small size | 10:11 |
<szubaark> | Covered all Short ES at 1345 --> + 4 «« paper »» | 10:12 |
<Kn-Es> | s.l hit 45 |
<szubaark> | Again, nice followthru so far Today. |
<Kn-Es> | lng 45 |
<NihabaAshi> | I got key markets on my side but ER2 is within the price noise area :( |
<Kn-Es> | out 44 |
<NihabaAshi> | It needs to drop to 693.20 to get below that noise leve | 10:13 |
| Geeesh...market seems almost lethargic | 10:15 |
<megus> | at this pace, s&p will drop below triangle | 10:19 |
<NihabaAshi> | Covered ER2 Short @ 693.90 --> + 1.2 |
| |
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, intermarket analysis with a money
back guaranteed policy...click
here. |
|
Trading
Strategies ->
Strategies
used by NihabaAshi, from entry to exit, exploit inefficiencies in the price action
for profits of the following trading instruments via WRB Analysis and
Intermarket Analysis: Emini
Index Futures (EMD, 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),
COMEX Metals Futures (GC), Forex Currencies (EurUsd, EurYen, UsdCdn), Exchange Traded Funds (DIA,
GLD, OIH, IWM, QQQQ, SPY, XLE) and
Hang Seng Index Futures (HSI)
|
| |
<megus> | continue bearish trend |
<NihabaAshi> | Just paying the broker on the last few trades :( | 10:20 |
<X> | #FuturesTrades Info ->
I am only trading the first few hours of each trading day for the remainder of the week due to tax preparations. | 10:21 |
<megus> | i think the next stop would be the 1330 on the s&p |
<NihabaAshi> | Be back later (maybe) :) | 10:22 |
* NihabaAshi | is now known as NihabaAshi_away |
<PapaJon> | chop chop today | 10:25 |
| making me in the mood for chinese for lunch |
<rickf> | mmmm cginese |
| jeez goofy day to test new software :( | 10:41 |
<megus> | sheesh, 1.75 points on es | 10:46 |
<szubaark> | Buys ES @ 1343 «« paper »» | 10:47 |
<ItalianSharp> | we have a pending FED member speeach at 11am and another one at 12.15pm |
| probably mkts taking a breather before the speechesw |
| i see more downside here before a rebound |
<megus> | contraction |
<ItalianSharp> | hopefully futures will pull back a little to provide a short opportunity | 10:48 |
| so far it's been only bears showing up |
<pw998> | I've been waiting for a bit of a relief to get a good entry as well | 10:50 |
<megus> | the way i see it, 1341-2 was a previous low and might show a bit of retracement |
<Tim_a1> | es 1340-43 an important support level - 200ma on hourly chart, and pivot point a number of times | 10:51 |
<megus> | haven't looked at the ma actually |
<Tim_a1> | no supports were tested below us overnight | 10:53 |
<megus> | had a small triangle on the 1 min es | 10:54 |
| just broke out , but it would have to show more volume |
<szubaark> | exit stop moved to breakeven ES @ 1343 «« paper »» | 10:55 |
| Selling at every corner | 10:59 |
| Exited all Long ES at 1343 --> 0 «« paper »» | 11:00 |
<megus> | failed breakout | 11:01 |
| goes below triangle |
| Shorts ES @ 1343 -> small size «« paper »» | 11:05 |
| Covered all ES Short @ 1345.5 --> - 2.5 «« paper »» | 11:10 |
| gettin sloppy |
<Tim_a1> | spx 200 ma is 1349.78 having touched the 1340 support, seems like it might backtest before proceeding down, if it does continue down | 11:11 |
| (on 60 minute chart) |
<szubaark> | its Friday and lunchtime this could chop for hours | 11:12 |
<pw998> | For me, this is a time to trade small positions | 11:13 |
<szubaark> | you'll be fighting small retail here Tick for Tick | 11:14 |
<megus> | yeah, low volume | 11:15 |
| everybody's holding their breath |
<pw998> | Yes |
<megus> | that FED speech is critical? | 11:38 |
* NihabaAshi_away | is now known as NihabaAshi | 12:02 |
<ItalianSharp> | lockhart is due up in 8mins...hopefully things will get more interesting during his speech | 12:07 |
| mishkin killed the little volatility we had before 11am....( | 12:08 |
<rickf> | is it me or is this fed far more chatty than the greenspan fed? | 12:09 |
| iirc you rarely had governors making speeches with such regularity -- or at least nobody paid much attention to them? |
<ItalianSharp> | well, i wasnt daytrading back in the greenspan's days...so i cant tell...:) | 12:10 |
<szubaark> | Shorts ES @ 1343.50 «« paper »» | 12:14 |
| exit stop moved to breakeven ES @ 1343.50 «« paper »» | 12:21 |
| Covered all Short ES at 1343.50 --> 0 «« paper »» | 12:22 |
<X> | #FuturesTrades Info ->
I am only trading the first few hours of each trading day for the remainder of the week due to tax preparations. | 12:24 |
* codehead_afk | is now known as codehead |
<szubaark> | Buys ES @ 1343.75 «« paper »» | 12:25 |
| exit stop moved to breakeven ES @ 1343.75 «« paper »» | 12:27 |
<rickf> | whaaaaa | 12:28 |
| nice pop there |
<szubaark> | Exited all Long ES at 1346.50 --> + 2.75 «« paper »» | 12:30 |
| Shorts ES @ 1343.75 «« paper »» | 12:42 |
| exit stop moved to breakeven ES @ 1343.75 «« paper »» | 12:44 |
| Covered all Short ES at 1343.75 --> 0 «« paper »» | 12:47 |
<codehead> | long YM 12375 <paper> | 13:04 |
| stop under lod | 13:06 |
<szubaark> | Shorts ES @ 1343.75 «« paper »» | 13:12 |
| Covered all Short ES at 1345 --> - 1.25 «« paper »» | 13:15 |
<Tim_a1> | unusual that it's just consolidated under the 60 min 200ma for so long | 13:16 |
<szubaark> | Buys ES @ 1346.25 «« paper »» | 13:19 |
| Exited all Long ES at 1344.75 --> - 1.5 «« paper »» | 13:24 |
| Shorts ES @ 1344.75 «« paper »» | 13:25 |
| Expecting Volatility spike soon, hopefully to downside, Im Short | 13:26 |
<rickf> | you got it szu | 13:33 |
<szubaark> | these consolidating bottoms tops on Fridays are always tough for me as i sometimes overtrade them |
<rickf> | agreed -- today is pure paper trade as i futz around with my new platform | 13:34 |
<szubaark> | what platform? | 13:35 |
<rickf> | overtrading is an understatement in today's trial-n-error experimenting |
| open ecry |
| should be back to real $$ trading next week |
<szubaark> | Im not happy as IB went down a few too many times for me last couple weeks. | 13:37 |
<Tim_a1> | no strength at all, opend down big, then just consolidated into the first resistence before dropping more |
<rickf> | szu - :( been there suffered through that | 13:38 |
<szubaark> | A backup account is Necessary in this biz |
<Tim_a1> | ib hasnt been down for me at all | 13:39 |
<NihabaAshi> | Long ER2 @ 692.60 -> small size |
<rickf> | i'm just very happy finally to have: DOM and the ability to *easily* scale in/out of trades -- been doing that very nicely today even with the chop | 13:40 |
<szubaark> | Covered all Short ES at 1341 --> + 3.75 «« paper »» | 13:41 |
<rickf> | oh yeah - and fast fills, and reliable charts/data. that's kind of important, too. |
<szubaark> | as a retail trader, you will always be behind on speed (Pros make sure of that) thats why i dont use anything less then 3 min charts | 13:43 |
<Tim_a1> | does zerolinetrader give you some of that rickf? |
<rickf> | tim - never heard of them |
| szu - that's a given | 13:44 |
<Tim_a1> | (zlt as a front end for IB) |
<rickf> | tim - i don't use ib |
<Tim_a1> | i believe it has DOM |
| what do you use for broker nih, if you dont mind my asking? | 13:45 |
<NihabaAshi> | Exited ER2 Long @ 691.60 --> - 1 |
| Reverse and Enter Short ER2 @ 691.60 |
<rickf> | short es 1339.50 | 13:46 |
| (paper) |
<codehead> | whew, was away--my paper trade stopped out -37 :-P | 13:48 |
<NihabaAshi> | Covered 1/2 ER2 Short @ 690.00 --> + 1.6 | 13:51 |
| Tim_a1...I use Velocity, Global, RJO and Saxo | 13:52 |
| Will be dumping Global soon for either OpenEcry or Infinity |
<silo> | what do yo ulike about saxo.. i hear it's good... not only for futures, but for forex as well | 13:53 |
<NihabaAshi> | I like anyone that doesn't crash a lot :) | 13:54 |
<Tim_a1> | thx nih |
<rickf> | exit es 1337.50 (paper) + 2pts | 13:56 |
<NihabaAshi> | Covered Remainder ER2 Short @ 689.40 --> + 2.2 | 13:57 |
| Shorts ER2 @ 688.70 -> small size | 14:00 |
| another intuition trade |
<rickf> | short es 1339 (paper) |
| sorry late | 14:01 |
<NihabaAshi> | Covered ER2 Short @ 688.50 --> + 0.2 | 14:02 |
<rickf> | exit es 1336 (paper) +3pts |
<NihabaAshi> | Long ER2 @ 689.80 -> small size |
| 1 only |
| Lost 3 ticks on not reversing the prior trade :( | 14:03 |
| Will correct my Long post... | 14:05 |
| Long ER2 @ 688.80 -> small size |
| I was too hesitant to reverse that Short into a Long around 688.40 or 688.50 and it cost me 3 ticks via getting in at 688.80 | 14:06 |
<rickf> | short es 1337 (paper) | 14:07 |
<NihabaAshi> | Exited ER2 Long @ 689.00 --> + 0.2 | 14:09 |
<Spartan> | Long ES @ 1337.00 «« paper »» | 14:10 |
<rickf> | exit es 1336 (paper) +1 | 14:13 |
| theres the drop i missed :( | 14:14 |
<Spartan> | Exited Remainder ES Long @ 1335.0 --> - 2 «« paper »» |
<Kn-Es> | long 35.50 | 14:16 |
<NihabaAshi> | Shorts ER2 @ 688.90 -> small size |
<Kn-Es> | sl 32.50 |
<NihabaAshi> | 1 only |
| intuition trade |
<rickf> | k all off for the day. have a good weekend | 14:20 |
<NihabaAshi> | take care |
| oh oh | 14:21 |
| It's contracting |
<Spartan> | Long ES @ 1336.0 «« paper »» |
<NihabaAshi> | Covered ER2 Short @ 689.80 --> - 0.9 | 14:22 |
| Reverse and Enter Long ER2 @ 689.80 |
<Kn-Es> | out 2/3 36.50 +1.00 | 14:23 |
<NihabaAshi> | Doesn't look like ER2 and others can muscle up a rally of any kind. | 14:27 |
<X> | #FuturesTrades Info ->
I am only trading the first few hours of each trading day for the remainder of the week due to tax preparations. | 14:30 |
<Spartan> | Exited Remainder ES Long @ 1334 --> - 2 «« paper »» | 14:32 |
<NihabaAshi> | Exited ER2 Long @ 687.80 --> - 2 |
| Reverse and Enter Short ER2 @ 687.80 |
<Spartan> | tough trading against a trend late in the day | 14:33 |
<NihabaAshi> | nasty little spike and its not done yet (oppposit direction retrace spike potential) |
<Kn-Es> | add 2 33.50 | 14:35 |
<NihabaAshi> | Covered ER2 Short @ 688.70 --> - 0.9 | 14:36 |
| oooops |
| Covered ER2 Short @ 687.70 --> + 0.1 | 14:37 |
<szubaark> | No Volatility, Price just drifting downward |
<NihabaAshi> | szu...the creeping price action will end soon. | 14:38 |
| It's a Friday and that usually gives us a later afternoon nice directional move without the creeping price action | 14:39 |
| looking bearish again | 14:41 |
| Now bullish on the spike up |
| Long ER2 @ 689.30 -> small size |
<Spartan> | Long ES @ 1336.0 «« paper »» |
<NihabaAshi> | Exited ER2 Long @ 689..80 --> + 689..80 - 689.30 | 14:44 |
| Exited ER2 Long @ 689.80 --> + 0.5 |
| Shorts ER2 @ 689.80 -> small size | 14:52 |
| :( | 14:54 |
<szubaark> | retrace players trying hard to push higher | 14:55 |
<pdays> | Shorts ER2 @ 690.0 |
| Covered all ER2 Short @ 689.7 --> + 0.3 |
<NihabaAshi> | Covered ER2 Short @ 689.60 --> + 0.2 | 14:56 |
| It looked promising for awhile but not long enough for other key markets to catch on :( | 14:57 |
<Spartan> | Exited Remainder ES Long @ 1334 --> - 2 «« paper »» | 15:01 |
<NihabaAshi> | Shorts ER2 @ 687.40 -> small size | 15:13 |
| Covered ER2 Short @ 688.30 --> - 0.9 | 15:20 |
| Reverse and Enter Long ER2 @ 688.30 |
<Spartan> | Long ES @ 1333.25 «« paper »» | 15:21 |
| Exited 1/2 ES Long @ 1335.25 --> + 2 «« paper »» | 15:23 |
| exit stop moved to breakeven ES @ 1333.25 «« paper »» | 15:24 |
<NihabaAshi> | Exited ER2 Long @ 689.50 --> + 1.2 |
<Spartan> | Exited Remainder ES Long @ 1333.25 --> 0 «« paper »» | 15:31 |
| Shorts ES @ 1333.0 «« paper »» | 15:33 |
| Covered 1/2 ES Short @ 1331 --> + 2 «« paper »» | 15:40 |
<NihabaAshi> | Shorts ER2 @ 686.30 -> small size |
<Spartan> | Covered Remainder ES Short @ 1330 --> + 3 «« paper »» | 15:44 |
| Shorts ES @ 1329 «« paper »» | 15:46 |
| Covered 1/2 ES Short @ 1328 --> + 1 «« paper »» | 15:47 |
| Covered Remainder ES Short @ 1327 --> + 2 «« paper »» | 15:49 |
| Long ES @ 1326.50 «« paper »» | 15:51 |
<KiwiRoo> | I wonder what happened today |
<NihabaAshi> | Covered ER2 Short @ 683.00 --> + 3.3 | 15:52 |
| Finally....geeesh :( |
| |
WRB Analysis
|
|
| |
<KiwiRoo> | merrill must have sold more than 2500 big contracts just now. wooow. |
<Tim_a1> | megaphone patern, rejection of last friday's jam jab at 50 day ma |
| (S & P) dow rejected at 20 month ma yesterday | 15:53 |
<Spartan> | Exited Remainder ES Long @ 1328 --> + 1.5 «« paper »» | 15:55 |
| 1328.50 i meant |
<NihabaAshi> | Geeesh...nice bounce back upwards. | 15:58 |
<Tim_a1> | that may 2006 high is an important level | 16:02 |
| 1326 |
<Spartan> | I would have had a great day if I wouldn't have been bottom picking earlier this afternoon. Finished flat | 16:04 |
<Tim_a1> | i'm not a big e-waver, but after the fact you can genreally see 3 up phases of a bull, and a bear saws them off one phase at a time. wave '3', (the 2nd up phase of the bull) ended at he may 2006 high. wave 5 was the blowoff top | 16:07 |
| the bottom of this bear phase ended at the bull's wave 4 bottom june or jul 2006 | 16:09 |
| that coincided with the 50 month ma at the bottom |
| note that it never *closed* below that may 2006 high on a weekly basis | 16:11 |
<werner> | gn all | 16:12 |
<Tim_a1> | althouh nih, if you take a look at $spx weekly candles, the last 3 weeks make an ugly pattern |
| espeacially since this week's candle was up against he 50 day ma | 16:13 |
<NihabaAshi> | It's been ugly overall since mid October 2007 | 16:15 |
| Last two weeks has been in a trading range... |
| Making it difficult trading for most. | 16:16 |
| Especially the higher time frame traders |
<Tim_a1> | you've got to really be on the ball in this stuff, people who think shorting in a bear is easy are wrong | 16:17 |
<Brutus> | cn all | 16:34 |
| gn :) |
<NihabaAshi> | Take care all and have a good weekend. | 16:50 |
| Hopefully March won't be like the latter part of February. |
* NihabaAshi | is now known as NihabaAshi_away |
* DisconnectedSession | Close: Fri Feb 29 19:41:31 2008 | 19:41 |
| |
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.
|
| |