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#FuturesTrades March 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.

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ER2 EuroFX EC

+15.70 +0.0000

$1,570.00 $0.00

Quadruple Witching Week and Trend Day Correlation

Profit/Loss Statement

We all knew there was going to be a trend day on either Mon, Tues or Weds of Quadruple Witching week...there's a strong correlation.

However, when and which direction for the Emini Futures was the real concern.

I didn't see any clues such was going to occur today especially since I didn't have access to my Treasury Futures charts (data vendor problems) to measure the flight to quality as a early warning sign this will be the trend day for the Emini Futures.

Yet, I've added a new clue involving intermarket analysis that will make me less dependent upon Treasury Futures to help me sniff out potential trend days in the Emini Futures.

Yet, unfortunately I didn't exploit such until late in the game today and only after digging myself out of a deep hole of losses due to still working on using the Russell 2000 Volatility Index (RVX.X) as a possible new edge in my volatility analysis.

So far it doesn't look promising and I was forced to go back to my trading plan involving volatility analysis just to get profitable for the day.

Also, I plan to be up late tonight in backtesting and reviewing problematic trades involving how I used the RVX.X market breadth.

Will make some adjustments and try again tomorrow morning via small position size only.

I've said a lot above and its only beneficial to those that are consistent readers to this blog like journal I maintain to summarize my below trades in the chat log.

In fact, I gave some additional clues/info about some content in the Trading Manual.

By the way, take away about 28% from my profits shown above and you'll have how much commissions cost me 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 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: Tue Mar 13 09:24:20 2007Session Ident: #futurestrades

* Now talking in #futurestrades 09:24

<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: 793.76

1 week: 783.43

1 month: 800.97

1 year: 750.23

<pat255> ty jp

<jperl> open will be below yesterdays VWAP 09:29

yw

<NihabaAshi> Long ER2 @ 791.30 -> large size 09:34

<DevilDog> GM all 09:35

<NihabaAshi> Exited ER2 Long @ 790.60 --> - 0.7

Reverse and Enter Short ER2 @ 790.60

Covered 1/2 ER2 Short @ 790.20 --> + 0.4 09:38

:(

Covered Remainder ER2 Short @ 790.40 --> + 0.2 09:39

Treasury Secretary Paulson still talking for the FED at that big meeting (Georgetown I think). 09:40

<pat255> today? 09:41

<NihabaAshi> I think he started around 8:45am est and its still going on.

<eminitrader> Shorts ES @ 1413.25

<NihabaAshi> I don't know when it is schedule to conclude.

My source is Bloomberg News. 09:42

Long ER2 @ 790.30 -> large size 09:44

<jperl> ER2 VWAP 790.34 09:45

<NihabaAshi> Long ER2 @ 789.30 -> Add 09:48

<ItalianSharp> the dow is holding all other indices from dropping further...as soon as YM gives up we are going to see new lows 09:50

classic creeping uptrend in the dow

<eminitrader> Shorts ES @ 1414 -> Add 09:52

<NihabaAshi> Exited 1/3 ER2 Long @ 790.20 --> + 0.9

<ItalianSharp> we got business inventories comin out in 4mins 09:56

<szubaark> Shorts NQ @ 1775.25 «« paper »» 09:58

<NihabaAshi> Long ER2 @ 790.00 -> Add 10:00

<szubaark> Covered all Short NQ at 1771.75 --> + 3.5 «« paper »» 10:06

<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) 10:07

<eminitrader> Covered 1/2 ES Short @ 1412 --> + 2

<pat255> vn emini dang as usual i bailed out ..

<eminitrader> thx pat

<Brutus> Nice EMT, whats your bias for the day?

<RussellDaytrade> Long ER2 @ 789.3 «« paper »» 10:08

<NihabaAshi> Exited ER2 Long @ 789.10 --> - 1.2

Reverse and Enter Short ER2 @ 789.10

<RussellDaytrade> Exited all ER2 Long @ 790.1 --> + 0.8 «« paper »» 10:10

<eminitrader> Covered Remainder ES Short @ 1413.25 --> 0

<NihabaAshi> Covered all ER2 Short @ 789.90 --> - 0.7

Need to position myself correctly on this large size trade. 10:15

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<pat255> just too much chop here niha..

<jperl> flip a coin

<NihabaAshi> Volatility sucks too. 10:16

<eminitrader> Shorts ES @ 1313.25

<jperl> VWAP= 790.04

<RussellDaytrade> what trade is that?

<eminitrader> Shorts ES @ 1413.25

2 tick stop 10:17

with revese @ 1413.75

<Brutus> I saw support com in at ES 141150 followed by some good buy volume as long as it holds it looks long to me

<eminitrader> Covered ES Short @ 1413.75 --> - 0.5 10:18

Reverse and Enter Long ES @ 1413.75

<NihabaAshi> Long ER2 @ 791.20 -> large size

<eminitrader> Exited 1/2 ES Long @ 1415.25 --> + 1.5 10:19

Exited Remainder ES Long @ 1414.75 --> + 1 10:21

<NihabaAshi> Long ER2 @ 790.20 -> Add 10:33

<RussellDaytrade> Long ER2 @ 790.3 «« paper »» 10:34

Long ER2 @ 790.3 -> Add «« paper »»

l 2

<jperl> ER2 VWAP 790.26

<RussellDaytrade> Exited ER2 Long @ 790.7 --> + 0.8 «« paper »» 10:35

Exited all ER2 Long @ 790.9 --> + 0.6 «« paper »»

that was a sold one at 790.7, sell the second at 790.9

* codehead_afk is now known as codehead 10:45

<NihabaAshi> Exited 1/2 ER2 Long @ 792.50 --> + 2.3 10:52

<pat255> nice patience niha ...thot it will breakdown...

<ItalianSharp> that must be one of your longest trades niha since i've been in this room

<NihabaAshi> The good part is I did an equal ADD as the original entry. 10:53

That +2.3 gives me breathing room into possibly tyring to stay in this trade for the entire trading day. 10:54

Simply, I'm trying to catch something BIG today because its Options Expiration Week.

Usually the big move will happen on either a Mon, Tues or Weds of Options Expiration Week.

I'm also willing to take a few hits to get it. 10:55

<pat255> i c..

<ItalianSharp> i believe we are soon gonna see another big correction to the downside...every time markets go up, it's a creeping uptrend...when they go down, its a much more decisive move... 11:09

<pat255> yes ...all the downside came on big bars .. 11:10

<ItalianSharp> dont know when the correction will occur...but i expect it this week

exactly pat

<pat255> but em has the bias correct the past 1 week ..to the L side 11:11

<Brutus> Thing is so many are waitng for test of lows or more

<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) 11:16

<RussellDaytrade> Long ER2 @ 790.4 «« paper »» 11:17

<jperl> this mornings trades.... 11:23

http://charts.dacharts.com/2007-03-13/JP ERL_013.png

always tough trading expriry week

sometimes I wonder whether its worth the effort 11:24

<pat255> exp week is always tuff.. 11:25

<NihabaAshi> Like yesterday, I'm having problems with my Treasury Futures and their Yields... 11:26

Missing an important part of my intermarket analysis :(

<pat255> niha u look at TLT? 11:27

<NihabaAshi> TLT ?

<pat255> long term bonds..i think

<NihabaAshi> Yes 11:28

<pat255> what symbol u have for treasury futs?

<NihabaAshi> You mean the 30 year bond.

ZB, ZN and ZF

<pat255> prolly 10 year

kty

<RussellDaytrade> Long ER2 @ 789.1 -> Add «« paper »» 11:29

<NihabaAshi> Long ER2 @ 789.30 -> Add 11:30

:( 11:32

I need a 790.00 exit on this ADD to give me enough breathing room to survive a stop runner downwards below the intraday lows. 11:33

<RussellDaytrade> Exited 1/2 ER2 Long @ 790 --> + 0.9 «« paper »» 11:37

Exited all ER2 Long @ 790 --> - 0.4 «« paper »» 11:40

may actually be an op to add or get long 11:41

Long ER2 @ 788.7 «« paper »» 11:49

<NihabaAshi> Exited 1/2 ER2 Long @ 789.70 --> + 0.4

Ooops...

Exited 1/2 ER2 Long @ 788.70 --> - 2.5

That's -0.60 on the ADD 11:50

Exited Remainder ER2 Long @ 788.30 --> - 2.9 11:51

Long ER2 @ 788.20 -> large size 11:54

Doubling up on my entry size...

I have some catching up to do.

Exited all ER2 Long @ 788.60 --> + 0.4 11:58

I'm going to abandon temporarily the RVX.X and go back to my normal volatility analysis. 12:00

ER2 volatility is declining...expecting a volatility spike soon.

Long ER2 @ 789.00 -> large size 12:03

<eminitrader> wow niha ...u r loaded

<NihabaAshi> Not Yet :)

<eminitrader> o...missed seeing ur exit

<RussellDaytrade> Exited all ER2 Long @ 789 --> + 0.3 «« paper »» 12:04

<NihabaAshi> If volatility dies here...I'm going to take a "chance" and exit my position to go eat lunch. 12:05

<RussellDaytrade> missed my next add by 2-3 clicks on that drop

<NihabaAshi> I' going to assume no big price movement will occur while I'm gone to lunch.

<Chilly> Long ES @ 1414.00 «« paper »» 12:06

<NihabaAshi> Exited all ER2 Long @ 789.20 --> + 0.2 12:08

Be back later.

* NihabaAshi is now known as NihabaAshi_away

<RussellDaytrade> dropped right into my buy but no fill 12:10

Long ER2 @ 788.6 «« paper »»

raised buy price

<Chilly> late post 12:16

Exited all ES Long @ 1413.00 --> - 1 «« paper »»

<RussellDaytrade> Long ER2 @ 787.5 -> Add «« paper »»

<Chilly> didn't think to S&R .. oh well

<RussellDaytrade> Long ER2 @ 786 -> Add «« paper »» 12:20

Long ER2 @ 785.1 -> Add «« paper »» 12:21

l 4

Long ER2 @ 785 -> Add «« paper »» 12:23

Long ER2 @ 784.5 -> Add «« paper »»

l 6

<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) 12:28

<Chilly> Long ES @ 1404.00 «« paper »» 12:31

* NihabaAshi_away is now known as NihabaAshi

<NihabaAshi> Unbelievable :(

<pat255> geez what a drop

<Brutus> Good timing Niha it started at 12:05 12:32

<NihabaAshi> Volatiliity and a parabolic price movement showed up as soon as I walked out the door :(

<Chilly> Exited 1/2 ES Long @ 1405.00 --> + 1 «« paper »»

<RussellDaytrade> Long ER2 @ 781.9 -> Add «« paper »» 12:33

<NihabaAshi> Now that I'm back...it will probability lose the volatility and I'll be back at trying to get through a few ticks :(

<RussellDaytrade> Long ER2 @ 782 -> Add «« paper »»

Long ER2 @ 782.2 -> Add «« paper »»

<Chilly> Exited 1/4 ES Long @ 1405.00 --> + 1 «« paper »» 12:34

holding 1

exit stop set ES @ 1403.00 «« paper »» 12:35

if stop hit will be b/e on day :( 12:36

bbl

<NihabaAshi> Shorts ER2 @ 781.90 -> large size

Shorts ER2 @ 782.40 -> Add 12:38

ER2 volatility is declining :( 12:39

It's one of those trading days :(

Covered 1/2 ER2 Short @ 782.10 --> + 0.3 12:40

Covered Remainder ER2 Short @ 781.70 --> + 0.2 12:42

<pat255> k guys c u all later ty all 12:44

<NihabaAshi> Long ER2 @ 783.30 -> large size

Long ER2 @ 783.40 -> Add 12:45

ER2 volatility declining...I'm expecting a volatility spike here soon. 12:46

<RussellDaytrade> Exited ER2 Long @ 783.7 --> - 3.4 «« paper »» 12:50

<NihabaAshi> Exited all ER2 Long @ 783.50 --> + 0.3

<RussellDaytrade> sold one of 9

l 8

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<NihabaAshi> Long ER2 @ 783.20 -> large size 12:52

Long ER2 @ 782.90 -> Add 12:54

You got to use limit orders in this schizo like price action. 12:55

<RussellDaytrade> Long ER2 @ 782.2 -> Add «« paper »» 12:56

<NihabaAshi> Exited ER2 Long @ 782.50 --> - 0.7 12:57

Reverse and Enter Short ER2 @ 782.50

Shorts ER2 @ 782.60 -> Add 12:59

ER2 volatiliyt declined...expecting a volatility spike here soon. 13:00

Shorts ER2 @ 782.90 -> Add 13:02

1 tick away from a fill :( 13:04

Shorts ER2 @ 783.00 -> Add 13:05

Covered 1/2 ER2 Short @ 782.60 --> + 0.4 13:11

Covered Remainder ER2 Short @ 782.50 --> 0 13:13

<ItalianSharp> tough trading today...unreliable volatility i shall say 13:16

comes and goes

<NihabaAshi> Italian...actually it was reliable for about 20mins... 13:17

While I was gone :(

<ItalianSharp> lol

<NihabaAshi> Maybe I should leave again (walk out the front) door... 13:18

<ItalianSharp> this is why it's tough trading...a 20min window in all the trading day so far...

<NihabaAshi> Wait 1-2 mins and then come back :)

<ItalianSharp> lol

do a fake leave

<RussellDaytrade> you'all care for any cheese with that wine? 13:26

<NihabaAshi> ER2 is so tight...it's going to pop a cork (pun intended).

<RussellDaytrade> amen!

i'm going to try that getting up and walking away trick...for a minute! oh oh. 13:29

<Chilly> Trailing Stop Hit ES @ 1403.00 --> - 1 «« paper »» 13:30

<NihabaAshi> Shorts ER2 @ 780.60 -> large size 13:31

<RussellDaytrade> hey, supposed to point that bottle up when you open it 13:32

<NihabaAshi> Geeesh :(

That was like 3 tick slippage after I saw it tick upwards from 780.50 to 780.90 13:34

Horrendus fill.

I would expect something like that when shorting as it dropped...not going up. 13:35

Covered all ER2 Short @ 780.00 --> + 0.6 13:36

Shorts ER2 @ 779.80 -> large size 13:37

Covered all ER2 Short @ 779.30 --> + 0.5 13:39

<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) 13:40

<codehead> long YM 12261 <paper> 13:55

stop 12247 <paper>

jumping the gun on the signal a bit...

exit Ym +10 <paper> 13:58

<NihabaAshi> Long ER2 @ 780.80 -> large size

<codehead> actually, teh 3 min YM signal going here

<Brutus> cude hitting lows 14:01

crude

<NihabaAshi> Exited ER2 Long @ 779.90 --> - 0.9

Reverse and Enter Short ER2 @ 779.90

<RussellDaytrade> Long ER2 @ 7780 -> Add «« paper »» 14:02

<NihabaAshi> If I can cover at 778.00... 14:05

<RussellDaytrade> Long ER2 @ 779.2 -> Add «« paper »» 14:06

<NihabaAshi> I'll take a break than take a look at my P/L window to see where I'm at and what I need to do "position size management" to get profitable for the day.

<szubaark> dang.. missed Awash

<RussellDaytrade> looks like its gonna be one of them @#&^% days. :) 14:07

<NihabaAshi> It's rare that Awash is in here during the day.

<ItalianSharp> doesnt awash trade the nikkey250?

<szubaark> yes..he is trading Nikkei 14:08

because of his daytimejob..

<RussellDaytrade> Long ER2 @ 778.3 -> Add «« paper »»

Long ER2 @ 778.2 -> Add «« paper »» 14:09

<GoodMood> Awash is having two jobs ?

<RussellDaytrade> Long ER2 @ 778.2 -> Add «« paper »»

l 14

<GoodMood> How it it possible to trade in the night also ?

<RussellDaytrade> ap 782.5

<szubaark> His dayjob is easy and he gets well rested to trade at night

<NihabaAshi> Covered all ER2 Short @ 778.10 --> + 1.8

<GoodMood> does he have a family ? 14:10

* NihabaAshi is now known as NihabaAshi_away

<NihabaAshi_away> Shorts ER2 @ 776.60 -> small size 14:13

<ItalianSharp> wow, big time dumping in YM

<Chilly> VIX and VXN gains of 20% and 13% respectively.. investors actively buying put protection.. fwiw, from briefing.com 14:14

<szubaark> Good..no he isa single and has real low cost of living so he can trade

<NihabaAshi_away> Covered all ER2 Short @ 776.50 --> + 0.1

Poor fill.

<GoodMood> thx szu 14:15

<NihabaAshi_away> Long ER2 @ 776.80 -> small size

<Chilly> Long ES @ 1395.50 «« paper »» 14:16

<NihabaAshi_away> Exited all ER2 Long @ 777.00 --> + 0.2

<Chilly> Exited 1/2 ES Long @ 1396.50 --> + 1 «« paper »» 14:18

Exited 1/4 ES Long @ 1396.50 --> + 1 «« paper »» 14:19

Exited Remainder ES Long @ 1395.75 --> + 0.25 «« paper »» 14:20

<RussellDaytrade> kept adding on ther way down, got up to 20, now at 13, been selling on the way up, lowered ap tp 780.7, although since i have reduced long ex on the way up, will have to ultimately get more for the remainders to pft overall 14:28

now at 10 14:29

9 14:30

now at 4 14:33

* NihabaAshi_away is now known as NihabaAshi 14:37

<NihabaAshi> Shorts ER2 @ 779.30 -> small size 14:43

Covered ER2 Short @ 779.70 --> - 0.4 14:44

Reverse and Enter Long ER2 @ 779.70

Exited ER2 Long @ 780.30 --> + 0.6 14:47

* Retrieving #futurestrades modes... 14:49

<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) 14:52

<NihabaAshi> ER2 volatility declining...I'm expecting a volatility spike here soon. 14:55

Shorts ER2 @ 779.00 -> small size 14:56

<jperl> enough for today......trades here.... 14:59

http://charts.dacharts.com/2007-03-13/JP ERL_014.png

<NihabaAshi> Covered 2/3 ER2 Short @ 777.90 --> + 1.1 15:00

<jperl> trades beginning at 2:03:32 ended up requiring reversals with position sizing....

position sizeing was the only thing that made this day profitable 15:01

<ItalianSharp> jperl, why did you say "required" reversals with position sizing?

<jperl> trades going against me were reversed with increase in size 15:02

<RussellDaytrade> a 5 second trade, that may be a new record!

<ItalianSharp> do you always do that or this particular day required you do that?

<NihabaAshi> Covered Remainder ER2 Short @ 777.70 --> + 1.3 15:03

<jperl> the five second trade was a left over short that I just exited with a buy

I do it when it is necessary...... 15:04

today was one of those days

<ItalianSharp> i mean, you dont always up your size reversals right?

<NihabaAshi> I'm officially profitable for the day with about $80 bucks in my pocket with commissions included...

<ItalianSharp> well done niha...nice comeback

<NihabaAshi> And I have a positive win:loss ratio for the day even though I could care less about win:loss ratios :) 15:05

<jperl> correct...I don't always up my size reverfsal

<RussellDaytrade> i'd say you put up a hell of a fight today, both sides brought out the howitzers.

<NihabaAshi> The question is this...will I do some size to see if I can reach my profit target of the day.

I'm still deciding.

<ItalianSharp> jperl, why did you up your size today? was it due to the volatility? 15:06

<jperl> yes...pretty much so

<RussellDaytrade> t = 782.5 or so

<jperl> when the trade started going against me...it did so with a vengence

<ItalianSharp> it takes steel balls to up size on reversals

<NihabaAshi> Long ER2 @ 778.10 -> medium size

<ItalianSharp> never tried it

<jperl> when the trade started going against me...it did so with a vengence 15:07

i imagine you were long when you saw that

<jperl> let see.... 15:08

trade at 2:03 were longs that were reversed into shorts 15:09

and those were reverse into longs again.....

so the reversals were in both directions with increase in position size 15:10

<ItalianSharp> ok

<jperl> <ItalianSharp> it takes steel balls to up size on reversals

not really.....

just an understanding of what your risk tolerance is 15:11

<ItalianSharp> yep true

<jperl> You notice most days I trade just 1 contract at a time

but I am not uncomfortable going to large size 15:12

<ItalianSharp> yeah, thats why i was asking

<RussellDaytrade> you get that tiger harnessed, and one of these days you'll be showing monster gains 15:13

<NihabaAshi> Long ER2 @ 777.50 -> Add

<jperl> Not interested in monster gains RD.... 15:14

just consistent trading

<RussellDaytrade> true JP, that is its own reqwward, and a good reward at that

<NihabaAshi> Exited 1/2 ER2 Long @ 778.20 --> + 0.7 15:17

A 779.30 and above will give me my profit target goal for the day. 15:20

ER2 volatility declining...I'm expecting a volatility spike here soon. 15:23

Exited Remainder ER2 Long @ 779.50 --> + 1.4

What a trading day and I feel like I'm just starting to warm up :) 15:29

<jperl> the rest of the week is probably going to be just like this 15:30

<NihabaAshi> jperl...I've been having too much trading problems in the morning session since that big volatility spike day when the market broke some records... 15:31

Tomorrow I'm going to reverse my tactics...

Small size in the morning session and gradually increase my position size in the afternoon trading session.

Shorts ER2 @ 776.60 -> small size 15:43

1 contract only

Covered ER2 Short @ 776.90 --> - 0.3 15:48

Reverse and Enter Long ER2 @ 776.90

3 contracts

Exited ER2 Long @ 776.30 --> - 0.6 15:49

Reverse and Enter Short ER2 @ 776.30

Covered all ER2 Short @ 774.90 --> + 1.4 15:53

I'm done for the day.

<ItalianSharp> markets took another beating today...and it doesnt look like the bleeding is going to stop as we are ending the session 15:58

<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) 16:01

<RussellDaytrade> ending the day long 6 and down a bunch. i like the mky, when it chops, when it drops, when its volatile, and when its not. no complaints or whining from me, it all meets with my liking. 16:03

<NihabaAshi> I need to find a temporary solution to my lack of Treasury Futures info before tomorrow. 16:18

Take care all and see all tomorrow.

* NihabaAshi is now known as NihabaAshi_away

* DisconnectedSession Close: Tue Mar 13 16:31:13 2007 16:31

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