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#FuturesTrades March 16th Friday 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

+6.60 +0.0000

($660.00) $0.00

Quadruple Witching and Migraines (not a good mix)

Profit/Loss Statement

I've recently been back testing and trading with real money several new pattern signals to see if they have an edge when trading Eurex DAX, Emini Futures ER2, ES, NQ and YM.

Although three of the pattern signals have no edge after further testing...one particular pattern signal shows a lot of promise via a back tested 87% win rate over the past 5 years and a real money trading 71% win rate for the past 3 months.

Today the new edge appeared as a Short signal @ 1020am est via a pattern signal price of 791.70 in the Russell 2000 Emini ER2 futures...its only appearance the entire trading day...click on chart to view actual size.

More importantly, I was unable to take the trade when this pattern signal appeared and the missed opportunity would hunt me for the remainder of the trading day.

The chat log below explains everything about my trading day and I'll sum it up quickly...migraine headaches prevented me from trading pattern signals when they appeared and caused me to exit early two profitable trades prior to their profit target goals being reached.

Also, most traders that know me will say that I hate losing on a Friday because it has a chance to bother me over the weekend.

To offset possible negative thoughts I remind myself about the big picture via facts like it's my first losing trading day since Jan 8th 2007 and I'm currently +208.20 ER2 points for the month of March...a record breaking pace by mid-month trading.

Anyways, as soon as I complete 100 real money trades via this new edge, I will add it to one of my fee-based strategy resources but only if it has a win rate above 60% and reaches a WRB pt1 level over 50% of the time.

Archived Past Results: To see my 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 produce big price movement as the result of other key trading instruments in its own market or within other markets (intermarket analysis).
You can view the charts and a few clues that's associated with the key price action at our key market archives.


#FuturesTrades purpose, benefits and access info...click here.

Session Start: Fri Mar 16 09:27:21 2007Session Ident: #FuturesTrades

* Now talking in #FuturesTrades 09:27

<venedom> gm N 09:35

<DevilDog> GM all

<venedom> gm 09:36

<NihabaAshi> Straight down so far this morning. 09:37

<asuni> COULD BE A STOP RUNNING AT LOW OF GLOBEX 09:38

<NihabaAshi> Looks like the Othernet chat servers are having major problems this morning. 09:45

* Looking up hennessy user info...

* Retrieving #futurestrades modes... 09:47

<RussellDaytrade> Shorts ER2 @ 787.9 «« paper »» 09:54

<RussellDaytrade> Shorts ER2 @ 788.9 -> Add «« paper »»

<pat255> what a turn around..

<NihabaAshi> It's been awhile since I've seen this type of price action on the Witching day itself :) 09:55

<RussellDaytrade> Shorts ER2 @ 790.3 -> Add «« paper »»

<pat255> geez what a V shoot up 09:56

<szubaark> Shorts NQ @ 1767.75 «« paper »»

<NihabaAshi> Be right back...

* DisconnectedSession Close: Fri Mar 16 09:56:36 2007

Session Start: Fri Mar 16 09:58:33 2007Session Ident: #futurestrades

* Now talking in #futurestrades 09:58

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

<szubaark> exit stop set NQ @ 1767.75 «« paper »» 10:01

<asuni> c 10:02

<NihabaAshi> Shorts ER2 @ 790.00 -> medium size 10:03

Shorts ER2 @ 790.50 -> Add 10:09

<szubaark> Covered all Short NQ at 1767.75 --> 0 «« paper »»

Shorts NQ @ 1768 «« paper »» 10:13

Covered all Short NQ at 1770.75 --> - 2.75 «« paper »» 10:16

<NihabaAshi> Covered 1/2 ER2 Short @ 791.50 --> - 1 10:19

<szubaark> Shorts NQ @ 1769.50 «« paper »»

<NihabaAshi> Covered all ER2 Short @ 791.30 --> - 1.3 10:20

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<RussellDaytrade> Shorts ER2 @ 791 -> Add «« paper »» 10:21

<szubaark> hopefully can get a volatility spike my way and call it quits due to this Price Action

<NihabaAshi> -0.20 (didn't post the Long entry for this trade due to headache problem)

Shorts ER2 @ 790.80 -> large size 10:22

<szubaark> exit stop set NQ @ 1769.50 «« paper »» 10:27

real mess out there 10:28

<Brutus> Stocks looks very bullish, only Goog is weak from the list I follow 10:32

But dont have a clue to the breakout direction 10:33

<szubaark> they keeping it tight.. just want to take some profit on my Short 10:34

<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)

<venedom> mkt flat last 1/2 hour

<Chilly> Shorts ES @ 1407.75 «« paper »»

<szubaark> we are Due for a Volatility spike like Niha says

Covered all Short NQ at 1766.50 --> + 3 «« paper »» 10:35

all i was looking for.

* szubaark is now known as szubaark_Away 10:36

<Chilly> Covered 1/3 ES Short @ 1406.75 --> + 1 «« paper »»

<RussellDaytrade> Covered 1/4 ER2 Short @ 790 --> + 1 «« paper »»

<NihabaAshi> Covered all ER2 Short @ 789.90 --> + 0.9

The prior trade result was to an "unposted" trade entry... 10:37

[10:21] <NihabaAshi> -0.20

<Chilly> Covered 1/3 ES Short @ 1406.75 --> + 1 «« paper »» 10:38

<NihabaAshi> I'll be back later...I have a massive migraine headache that's been bothering me all morning...

Not sure how I was able to get one profitable trade so far.

Going to take some medicine and a break from trading.

* NihabaAshi is now known as NihabaAshi_away 10:39

<Chilly> Covered Remainder ES Short @ 1407.75 --> 0 «« paper »»

<Brutus> Long ES @ 1406.75 «« paper »» 10:40

* codehead_afk is now known as codehead

<Chilly> bastids ... picked me off :( 10:41

<eminitrader> missed by 2 ticks

had buy 1505.75

<pat255> :( 10:44

<Brutus> Exited 1/2 ES Long @ 1407.75 --> + 1 «« paper »» 10:45

Questionable fill both times

<Chilly> EM .. your order based on Fib retracement? 10:46

<eminitrader> and my ma's

<Chilly> ok

<eminitrader> fib only entry was 1406.50

but thught it wld test the ma's and get a bounce of it for a quick partial scap 10:47

<Brutus> Exited all ES Long @ 1406.75 --> 0 «« paper »»

<Chilly> Fib at 50%

<eminitrader> yes

<RussellDaytrade> Covered all ER2 Short @ 789.1 --> - 1.2 «« paper »»

<eminitrader> 1405.75 was also a fib lvel 10:48

<pat255> on 5 min chart?

<RussellDaytrade> finally. thawas a flat one thatat group, actually down 2o bucks, will look to rebuild if price rises 10:49

<eminitrader> dtime frame does not matter pat 10:50

<pat255> k.. 10:51

<Brutus> Long ES @ 1405.75 «« paper »» 10:52

<eminitrader> Long ES @ 1405.25 10:53

<Brutus> Exited 1/2 ES Long @ 1405.75 --> 0 «« paper »» 10:56

Exited all ES Long @ 1404.75 --> - 1 «« paper »»

error on first exit

<eminitrader> Long ES @ 1403.75 -> Add 11:01

<RussellDaytrade> Long ER2 @ 787.1 «« paper »» 11:03

Exited all ER2 Long @ 787.3 --> + 0.2 «« paper »» 11:04

<NihabaAshi_away> Shorts ER2 @ 786.80 -> medium size 11:10

* NihabaAshi_away is now known as NihabaAshi

<NihabaAshi> Covered all ER2 Short @ 785.50 --> + 1.3 11:12

Geeesh...gotta do a reboot :(

Things not going well today.

* DisconnectedSession Close: Fri Mar 16 11:13:12 2007 11:13

Session Start: Fri Mar 16 11:22:52 2007Session Ident: #futurestrades

* Now talking in #futurestrades 11:22

<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTra desChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrad es.htm

<RussellDaytrade> Long ER2 @ 785.5 «« paper »» 11:23

Long ER2 @ 783.6 -> Add «« paper »» 11:31

<Brutus> Long ES @ 1400.75 «« paper »» 11:33

<NihabaAshi> Shorts ER2 @ 782.70 -> medium size 11:34

<RussellDaytrade> Long ER2 @ 783 -> Add «« paper »» 11:35

<Brutus> Exited all ES Long @ 1400.75 --> 0 «« paper »» 11:36

<NihabaAshi> Shorts ER2 @ 783.20 -> Add 11:37

Shorts ER2 @ 784.00 -> Add 11:43

Covered all ER2 Short @ 784.20 --> - 1.7 11:44

<RussellDaytrade> Exited 1/3 ER2 Long @ 784.2 --> + 1.2 «« paper »» 11:45

<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) 11:46

<RussellDaytrade> Exited 1/3 ER2 Long @ 784.5 --> - 1 «« paper »»

<NihabaAshi> Long ER2 @ 784.50 -> large size

<RussellDaytrade> Exited all ER2 Long @ 784.5 --> - 1 «« paper »» 11:47

that group was profitable 11:48

ap was 784 on 3 11:49

<NihabaAshi> Exited all ER2 Long @ 784.80 --> + 0.3 11:50

<RussellDaytrade> Long ER2 @ 784 «« paper »» 11:53

the day is still young

<eminitrader> Long ES @ 1399.75 -> Add 11:54

<NihabaAshi> Shorts ER2 @ 784.40 -> large size 11:56

<pat255> later guys back to office ...ty 11:59

<RussellDaytrade> Exited all ER2 Long @ 785.4 --> + 1.4 «« paper »» 12:01

<NihabaAshi> Covered all ER2 Short @ 785.30 --> - 0.9 12:02

Be back later. 12:03

* NihabaAshi is now known as NihabaAshi_away

<eminitrader> Exited 1/2 ES Long @ 1401.75 --> + 2 12:15

no thats kinda messed up

<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) 12:58

<Chilly> Long ES @ 1401.50 «« paper »» 13:19

Exited 1/2 ES Long @ 1403.50 --> + 2 «« paper »» 13:23

Exited 1/4 ES Long @ 1402.50 --> + 1 «« paper »» 13:25

late entry will try to hang in a little longer :( 13:26

exit stop set ES @ 1401.50 «« paper »» 13:34

Trailing Stop Hit ES @ 1401.50 --> 0 «« paper »» 13:37

<Brutus> Long ES @ 1401 «« paper »»

* NihabaAshi_away is now known as NihabaAshi 13:39

<NihabaAshi> Shorts ER2 @ 786.40 -> large size

<Brutus> exit stop set ES @ 1399.5 «« paper »» 13:42

Exited ES Long @ 1399.5 --> - 1.5 «« paper »» 13:48

<NihabaAshi> Covered all ER2 Short @ 786.20 --> + 0.2 13:50

Long ER2 @ 786.40 -> large size

Exited all ER2 Long @ 786.80 --> + 0.4 13:52

Shorts ER2 @ 786.40 -> large size 13:57

Covered 1/2 ER2 Short @ 785.30 --> + 1.1 14:07

May get lucky to get profitable for the day via this trade. 14:08

<Brutus> Shorts ES @ 1398.75 «« 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) 14:10

<Brutus> Covered 1/2 ES Short @ 1397.5 --> + 1.25 «« paper »»

<NihabaAshi> Covered ER2 Short @ 783.70 --> + 2.7 14:11

Holding 2 contracts

<Brutus> Covered all ES Short @ 1397 --> + 1.75 «« paper »» 14:12

<NihabaAshi> I'm profitable for the day and it wasn't easy with the migranes and one trade error (went short when I wanted to go long).

<RussellDaytrade> almost triggered a buy i set a while back, sooo close 14:13

<NihabaAshi> Just took a look at my PnL window... 14:17

I'm still in the red :(

Will hold these contracts a little longer.

Shorts ER2 @ 783.60 -> Add 14:21

oh oh 14:27

ER2 volatility declining fast....I'm expecting a volatility spike here soon. 14:29

That's the volatility spike but it didnt' punch below 783.00 14:35

:(

Covered ER2 Short @ 784.10 --> + 2.3 14:37

Reverse and Enter Long ER2 @ 784.10

Added 2 contracts to those remainders on the reversal. 14:39

Long ER2 @ 783.90 -> Add

Long ER2 @ 783.70 -> Add 14:42

<Brutus> Long ES @ 1396.00 «« paper »» 14:43

exit stop set ES @ 1395 «« paper »» 14:44

<NihabaAshi> Exited 1/2 ER2 Long @ 784.40 --> + 0.7 14:59

I don't think I can hold this trade much longer because my migrane headaches have return :( 15:01

Exited ER2 Long @ 783.40 --> - 0.7 15:02

Reverse and Enter Short ER2 @ 783.40

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<RussellDaytrade> i cancelled my buy at lower price...woulda just filled, changed mind, not as clear on outcome, nor am i as strong in my conviction to the trade or setup.

<Brutus> exit stop set ES @ 1386 «« paper »» 15:04

<RussellDaytrade> 96? 15:05

<NihabaAshi> Covered all ER2 Short @ 783.30 --> + 0.1 15:06

<Brutus> exit stop set ES @ 1396 «« paper »»

<NihabaAshi> I just need 3 ticks on a large size position to get profitable with commissions. 15:11

Sounds easy but things hasn't been good today for me...tougher than it looks. 15:12

Long ER2 @ 784.20 -> large size 15:13

<Brutus> Exited 1/4 ES Long @ 1398.75 --> + 2.75 «« paper »» 15:15

Exited 1/4 ES Long @ 1398.5 --> + 2.5 «« paper »» 15:16

<NihabaAshi> ER2 volatility just died 15:18

Exited ER2 Long @ 783.50 --> - 0.7 15:20

Reverse and Enter Short ER2 @ 783.50

<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) 15:22

<NihabaAshi> :( 15:25

<Brutus> Exited 1/4 ES Long @ 1398.5 --> + 2.5 «« paper »» 15:32

<NihabaAshi> Shorts ER2 @ 784.00 -> Add 15:33

<Brutus> Exited all ES Long @ 1398.25 --> + 2.25 «« paper »»

<NihabaAshi> Covered all ER2 Short @ 784.40 --> - 1.3 15:36

This is the price action that I would have expected early this morning and expected volatility late in the tradig day instead of the chop :( 15:37

<Chilly> have a nice weekend all 15:38

<NihabaAshi> Long ER2 @ 784.40 -> large size 15:40

:( 15:44

Exited all ER2 Long @ 785.10 --> + 0.7 15:51

<RussellDaytrade> 'ill be gd'md, they filled me on that buy at 782.5, even after i had cancelled it!, that is weird. anyway, just saw it after emerging from shower, and sold it., go figure, added another 260 to the p 15:55

<NihabaAshi> Shorts ER2 @ 785.10 -> large size 15:57

Geeeeshh... 15:59

Covered all ER2 Short @ 785.00 --> + 0.1 16:05

<RussellDaytrade> http://s138.photobucket.com/albums/q277/ RussellDaytrade2/?action=view&current=er 3-16-07.jpg

Long ER2 @ 782.5 «« paper »»

<NihabaAshi> Didn't get the fill at 1 point profit but it was happy to retrace and fill my trailing stop :(

<RussellDaytrade> Exited all ER2 Long @ 785.1 --> + 2.6 «« paper »»

somebody up there likes me. :) 16:06

maybe its my Dad looking down.

hope so.

<NihabaAshi> Shorts ER2 @ 784.90 -> large size

Lets try it again... 16:07

<RussellDaytrade> that is weird, i know i cancelled that order before it traded there.

<NihabaAshi> buy limit to cover ER2 short @ 784.00

Calling it a day...hung in there almost to the last minute. 16:12

<Brutus> Good effort Niha, have a good weekend all 16:13

<RussellDaytrade> so long all

<NihabaAshi> Covered 1/2 ER2 Short @ 784.60 --> + 0.3 16:14

<RussellDaytrade> i am giong to step up the trade size a little next time my convixtion is running stronger on specific setups that i prefer, can feel it.

<NihabaAshi> Covered Remainder ER2 Short @ 784.50 --> + 0.4

<RussellDaytrade> i wanna be right in a bigger way. 16:15

<NihabaAshi> It came close but not close enough.

Take care all and have a nice weekend. 16:29

<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) 16:31

* DisconnectedSession Close: Fri Mar 16 16:45:43 2007 16:45

Sponsor:
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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.

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