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#FuturesTrades March 5th Monday 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.

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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.

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

+20.10 +0.0000

$2,010.00 $0.00

Trading Perspective

Profit/Loss Statement

The CME Russell 2000 Emini ER2 futures is one of the most difficult trading instruments due to its volatility.

Simply, most traders trading the ER2 are not using a volatility based methodology when they should be.

In fact, the more volatile a trading instrument is the more intermarket analysis should be done to understand what's causing or supporting the volatility.

When I trade ER2, I am watching Eurex DAX, EuroFX EC, Advance/Decline Lines, Oil, Gold and Russell 2000 Volatility Index (RVX.X)...to form my basket of intermarket analysis.

Today I didn't have a good feel for ER2 volatility so I took it easy on most of my trades when things didn't seem clear and increased my position size when I had an understanding of what was occurring with ER2.

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 March...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: Mon Mar 05 09:27:19 2007Session Ident: #futurestrades

* Now talking in #futurestrades 09:27

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

<pat255> gm niha

<NihabaAshi> Good morning pat and all. 09:28

<asuni> gm niha, gm all

<ItalianSharp> hi everybody

<pat255> hi is

<werner> gm niha ,all 09:29

<Brutus> vix 20.4 09:32

<RussellDaytrade> Long ER2 @ 766.6 -> Add «« paper »»

<eminitrader> Long ES @ 1377 09:34

<NihabaAshi> Long ER2 @ 765.30 -> small size

1 contract only

<PapaJon> gm all 09:35

<eminitrader> Exited 1/2 ES Long @ 1380 --> - 21.75 09:36

<NihabaAshi> Exited ER2 Long @ 767.70 --> + 2.4

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<eminitrader> exit stop moved to breakeven ES @ 1377

Exited 1/3 ES Long @ 1382 --> + 5 09:37

holding 1

Exited Remainder ES Long @ 1380 --> + 3 09:41

Shorts ES @ 1381.75 09:42

<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) 09:45

<eminitrader> Covered 1/2 ES Short @ 1378.75 --> + 3 09:48

<jperl> ER2 VWAP now 767.62

<eminitrader> Shorts ES @ 1380 -> Add 09:50

<szubaark> Buys NQ @ 1720.50 «« paper »»

<eminitrader> Covered all ES Short @ 1381 --> - 0.25 09:51

<szubaark> exit stop set NQ @ 1720.50 «« paper »» 09:52

Exited all Long NQ at 1725.75 --> + 5.25 «« paper »» 09:54

<eminitrader> nice one szu 09:55

<szubaark> thanx.. 09:56

Gap close Pop

<eminitrader> Shorts ES @ 1385.50 09:58

Covered all ES Short @ 1386.50 --> - 1 09:59

shld have given it some room :(( 10:00

<Brutus> Yeah that was a fast reversal 10:01

<eminitrader> Shorts ES @ 1383.25 10:06

<RussellDaytrade> all mkt close higher today, big time. 10:07

<eminitrader> Covered all ES Short @ 1383.75 --> - 0.5

Shorts ES @ 1383.50 10:09

Covered all ES Short @ 1385 --> - 1.5 10:10

<szubaark> NQ looking strong here

<eminitrader> right at res 10:11

<RussellDaytrade> Exited 1/4 ER2 Long @ 775.5 --> + 8.9 «« paper »» 10:12

Exited 1/4 ER2 Long @ 776.8 --> - 4.7 «« paper »» 10:13

ap on 5 was 771.3

Exited 1/4 ER2 Long @ 777.3 --> - 4.2 «« paper »»

<jperl> ER2 Friday's VWAP 783.00

<RussellDaytrade> Exited 1/4 ER2 Long @ 778.1 --> - 3.4 «« paper »»

Exited 1/4 ER2 Long @ 778.3 --> - 3.2 «« paper »» 10:14

Exited all ER2 Long @ 778.2 --> - 3.3 «« paper »»

all out

ap on sells = 777.3, pft 6.1 per on 5. :) 10:18

<Brutus> Shorting the next high, if it gets there

Nice RD :) 10:19

<RussellDaytrade> wide scales, low position size, and add to save your life. 10:20

at that point, pft becomes secondary.

Long ER2 @ 774.4 «« paper »» 10:21

<Brutus> Long ES @ 1388.25 10:23

Exited ES Long @ 1387.5 --> - 0.75 10:28

<jperl> ER2 at VWAP 771.24 10:32

<RussellDaytrade> Long ER2 @ 771.2 -> Add «« paper »»

<jperl> I don't trade here....

<RussellDaytrade> that wasn't as wide a scale as i wanted, got impatient, preerencing a long trade. 10:33

<jperl> My one little trade for the morning... 10:36

http://charts.dacharts.com/2007-03-05/JP ERL_0110.png

<NihabaAshi> Volatility analysis is tough today :( 10:41

Very few things for me to bite on.

<pat255> yes ..

<RussellDaytrade> i am going on faith that it close higher, bounces for several days, based on my analysis / experience of past similar 'events' / trading, and trying to buy at somewaht advantageous entries. 10:43

<NihabaAshi> Shorts ER2 @ 771.10 -> small size 10:44

<Brutus> RD I would have more faith in a late afternoon reversal

<NihabaAshi> Covered 1/3 ER2 Short @ 770.30 --> + 0.8 10:45

<RussellDaytrade> a late-day strong finish / close will bode well for higher prices for a couple/few days. 10:46

<pat255> er red & others green 10:47

<NihabaAshi> Covered ER2 Short @ 770.50 --> + 0.6 10:48

Reverse and Enter Long ER2 @ 770.50

<RussellDaytrade> yen carry trade thoughts...just how fast do people expect Japan will raise their rates??? straight up to 2.5%? if so, yeah more big heat in mkts. if minot and gradual, may more likley support dynamic bounces/rallies. 10:49

<NihabaAshi> Exited ER2 Long @ 770.00 --> - 0.5 10:51

Reverse and Enter Short ER2 @ 770.00

<RussellDaytrade> Long ER2 @ 769.4 -> Add «« paper »» 10:52

<NihabaAshi> Shorts ER2 @ 769.60 -> Add 10:53

<Chilly> Long ES @ 1388.00 «« paper »» 10:54

<NihabaAshi> Covered ER2 Short @ 770.70 --> - 0.7 10:55

Reverse and Enter Long ER2 @ 770.70

Long ER2 @ 771.40 -> Add

<jperl> ER2 back to VWAP 771.22

<eminitrader> Shorts ES @ 1389 10:56

<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) 10:57

<Chilly> Exited 1/3 ES Long @ 1389.25 --> + 1.25 «« paper »» 10:59

<RussellDaytrade> ap = 771.6 on 3 l

<NihabaAshi> Exited 1/2 ER2 Long @ 771.90 --> + 0.5 11:00

<eminitrader> Shorts ES @ 1390 -> Add 11:03

<NihabaAshi> Exited ER2 Long @ 773.00 --> + 2.3 11:05

Holding 1 contract

<eminitrader> Covered 1/2 ES Short @ 1389 --> + 1

<NihabaAshi> exit stop raised ER2 @ 770.90

Be back later and will post a late trade result if trailing stop is hit. 11:06

* NihabaAshi is now known as NihabaAshi_away

<eminitrader> Covered Remainder ES Short @ 1390 --> - 1 11:08

<Chilly> Exited 1/3 ES Long @ 1390.50 --> + 2.5 «« paper »»

<RussellDaytrade> shorts aren't paying as well as last week, EM.

<eminitrader> no its just not @ the correct levels 11:09

<Chilly> exit stop set ES @ 1388.25 «« paper »»

<RussellDaytrade> yeah, just slightly off, i think i know a little about that. :)

i have an up bias, so am seeing things from that perspective at he moment. 11:10

<eminitrader> true ...just waiting for one more confirmation to go long today 11:11

untill then its just shorts :))

<RussellDaytrade> Exited 1/3 ER2 Long @ 774.9 --> + 5.5 «« paper »» 11:20

actually, i look at it as selling the first buy from 774.4 11:21

Exited 1/3 ER2 Long @ 775 --> + 0.6 «« paper »»

all indices now up for day. 11:23

Long ER2 @ 773.1 -> Add «« paper »» 11:28

<eminitrader> Shorts ES @ 1389 11:37

<Chilly> Trailing Stop Hit ES @ 1388.25 --> + 0.25 «« paper »» 11:41

<eminitrader> Covered 1/3 ES Short @ 1387 --> + 2 11:44

<pat255> k guys c u all alter..ty 11:50

later em back to office

<eminitrader> Covered 1/3 ES Short @ 1385 --> + 4 11:57

<RussellDaytrade> Long ER2 @ 768.3 -> Add «« paper »» 12:00

got as little inpatient again, wanted 767, but preernced getting something, even if early 12:01

Long ER2 @ 767.5 -> Add «« paper »» 12:02

l 4 12:03

ap 770.1

<eminitrader> Covered Remainder ES Short @ 1383.50 --> + 5.5 12:07

<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) 12:09

<RussellDaytrade> next adds at 765 and 763 12:15

if trades there

<codehead_afk> long YM 12118 <paper> 12:44

exit half Ym +13 <paper>

* NihabaAshi_away is now known as NihabaAshi 12:45

<codehead_afk> move stop on remainder b/e

<NihabaAshi> Late trade posts...

Just got back.

Trailing Stop Hit ER2 @ 770.90 --> + 0.2

* codehead_afk is now known as codehead 12:46

<codehead> stopped flat on remainder YM <paper> 12:52

<NihabaAshi> ER2 volatility dropping...I'm expecting a volatility spike. 12:56

Shorts ER2 @ 766.60 -> small size 12:57

Covered all ER2 Short @ 766.20 --> + 0.4 12:59

<RussellDaytrade> Long ER2 @ 765..7 -> Add «« paper »» 13:01

<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) 13:21

<NihabaAshi> Shorts ER2 @ 765.80 -> large size 13:31

<RussellDaytrade> dang, missed my add by a whisker. 13:35

<NihabaAshi> Covered ER2 Short @ 766.50 --> - 0.7

Reverse and Enter Long ER2 @ 766.50

:( 13:37

Exited 1/2 ER2 Long @ 768.40 --> + 1.9 13:41

<RussellDaytrade> i think thats it fro the selling.

er ten bucks higgher tomorrows open 13:42

<codehead> it does seem to be it for the selling

<RussellDaytrade> sees 780

<NihabaAshi> Exited ER2 Long @ 769.10 --> + 2.6 13:43

Holding 3 contracts

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<ItalianSharp> well done niha 13:44

slap that bitch hard...lol

<RussellDaytrade> long 5 at ap 769.2 13:45

<ItalianSharp> we have 2 guys from the FED speaking at 2pm and 3pm

<RussellDaytrade> nice litle stall here 13:49

fool the shorts

first sells above 773, (to close longs) 13:50

<NihabaAshi> Exited ER2 Long @ 769.80 --> + 3.3

Holding 2 contracts

<jperl> er2 at VWAP 770.19 13:51

<RussellDaytrade> with some luck this holds and firms going into close, and alters last weeks dynamic of crapping out into the close. 13:52

<NihabaAshi> Exited Remainder ER2 Long @ 768.60 --> + 2.1 13:55

Long ER2 @ 770.90 -> small size 14:01

Exited ER2 Long @ 770.30 --> - 0.6 14:02

Reverse and Enter Short ER2 @ 770.30

reversed into a large position 14:03

Covered 2/3 ER2 Short @ 769.80 --> + 0.5

ER2 volatility dropping...I'm expecting a volatilty spike soon. 14:08

Covered ER2 Short @ 769.00 --> + 1.3 14:11

Holding 1 contract

Covered Remainder ER2 Short @ 767.50 --> + 2.8 14:17

:(

Shorts ER2 @ 766.80 -> small size

1 contract only...a position size error. 14:18

Last trade of the day.

Covered ER2 Short @ 766.60 --> + 0.2 14:19

<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) 14:30

<RussellDaytrade> i'm tempted to buy another in here 15:02

change in dynamic for the positive 15:28

<codehead> long YM 12105 <paper> 15:37

<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) 15:42

<RussellDaytrade> Long ER2 @ 763.5 -> Add «« paper »» 15:45

l 6

Long ER2 @ 761.3 -> Add «« paper »» 15:56

Long ER2 @ 758 -> Add «« paper »» 16:04

8 at ap 766 16:06

<werner> gn all 16:14

<NihabaAshi> Take care all and see all tomorrow. 16:37

* NihabaAshi is now known as NihabaAshi_away

* DisconnectedSession Close: Mon Mar 05 16:41:50 2007 16:41

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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

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Forex Currencies EurUsd, EurYen and UsdCdn

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

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