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#FuturesTrades March 19th 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.

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

+4.40 +0.0000

$440.00 $0.00

30min Range WRB Breakouts

Profit/Loss Statement

Monday's are usually a good day to trade WRB breakouts of the first 30 mins when its a Monday that lacks key market events.

However, today the WRB breakouts didn't develop and I missed key bullish signals @ 1015am, 1:40pm and 3:58pm est due to personal reasons (distractions here at home) because I selected today as the day to get some personal stuff done instead of later in the week with the price reaction to a FOMC announcement.

By the way, the WRB Breakouts of the first 30min range is an old strategy from the past that I rarely use anymore because it was inconsistent on trading days that contain key market events.

Yet, it performed well on trading days that lacked key market events after some recent review of old trading stats.

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: Mon Mar 19 09:29:09 2007Session Ident: #futurestrades

* Now talking in #futurestrades 09:29

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

<jperl> Friday: 786.26

1 week: 783.73

1 month: 795.20

1 year: 751.01

<PapaJon> gm all 09:30

thnx jp

<jperl> yw

<eminitrader> hi all 09:31

<pat255> gm all 09:32

wow big jump...

<NihabaAshi> Long ER2 @ 791.10 -> medium size 09:33

Exited all ER2 Long @ 791.60 --> + 0.5 09:36

<RussellDaytrade> Shorts ER2 @ 791.2 «« paper »» 09:40

<pat255> S 91.3 Er 09:43

out b/e 09:44

not dropping

em L biased ? 09:48

<jperl> ER2 VWAP 791.20

<pat255> ty jp

<eminitrader> out 1408.25

<jperl> yw

Standard Dev only 4 ticks

<pat255> em pre mkt trade? 09:49

<eminitrader> that was on a hold from friday pat

<pat255> ah ha k ..

<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> vn em recall that now 09:50

<eminitrader> yep ..1403 ..avg buy

<pat255> :) 09:51

<venedom> 'gm 09:53

<RussellDaytrade> Covered all ER2 Short @ 791.6 --> - 0.4 «« paper »» 09:56

<venedom> Long ER2 @ 792.00 10:01

Exited all ER2 Long @ 791.40 --> - 0.6 10:02

<eminitrader> Long ES @ 1495.25 10:11

Long ES @ 1405.25

better now :)

<ItalianSharp> pretty slow session thus far 10:13

<eminitrader> yep. 10:14

<ItalianSharp> typical pre-FOMC days

maybe the housing market index at 1pm will spark things up a little 10:15

<eminitrader> Exited 1/2 ES Long @ 1407.25 --> + 2 10:23

<pat255> vn em 10:24

<eminitrader> thx pat

<pat255> missed the entry by 2 ticks ...never came back ..

er weak ... 10:25

a bit ..

<eminitrader> mine was a limit order based on pullback in the g;obex support 10:26

<pdays> Shorts YM @ 12272 10:29

<RussellDaytrade> Shorts ER2 @ 791.9 «« paper »» 10:30

<BoyBrutus> test 10:36

<pdays> Covered all YM Short @ 12280 --> - 8 10:38

<NihabaAshi> Long ER2 @ 793.10 -> small size 10:40

Exited 2/3 ER2 Long @ 793.50 --> +0.4 10:45

Exited Remainder ER2 Long @ 793.30 --> + 0.2 10:47

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<RussellDaytrade> Shorts ER2 @ 793.7 -> Add «« paper »» 10:51

s 2 ap 792.8 10:52

<eminitrader> Exited 1/3 ES Long @ 1410.25 --> + 5

<pat255> vn ....em great trade

<eminitrader> thx pat... 10:53

Es still has a gap open around 1420...will hold for my last exity 10:54

<jperl> ER2 at Friday's VWAP 795.21 10:55

sorry monthly VWAP

<RussellDaytrade> Shorts ER2 @ 794.8 -> Add «« paper »» 10:56

<pat255> kick myself ..3 times now ..for missing that trade 10:58

<--- idiot 11:00

<eminitrader> possible re-entry 1408-1410 ..level ...

@ ur own risk :))

<pat255> thks em will look for that ...

<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) 11:01

* codehead_afk is now known as codehead 11:10

<Chilly> Shorts ES @ 1411.75 «« paper »» 11:33

<jperl> only one trade this morning.... 11:34

http://charts.dacharts.com/2007-03-19/JP ERL_011.png

<Brutus> 1200/1600 Jan Chicago Fed Midwest Mfg Index +0.3%

1300/1700 Mar NAHB Housing Index 40

<Chilly> exit stop set ES @ 1414.75 «« paper »» 11:36

super small size .. glad this trade is paper ;) 11:37

<eminitrader> yeah ..tough shorting this trend .. 11:38

<Brutus> Shorts ES @ 1413.5

<Chilly> yeah, think I got picked off on a minor trend line break .. but that's some uptrend line

EM.. glad your overnight hold worked out!! 11:39

<RussellDaytrade> indeed!...actually, easy to short, but not coming in.

<eminitrader> ES up 15 pts... sure will not bet on sells ...at least as of now

<RussellDaytrade> Shorts ER2 @ 795.5 -> Add «« paper »» 11:40

<eminitrader> think 1422-1426 ...will be a good sell area

<Chilly> Trailing Stop Hit ES @ 1414.75 --> - 3 «« paper »» 11:41

<Brutus> Covered ES Short @ 1414.5 --> - 1 11:51

<pat255> c u all later ty all.. 12:04

back to ofice ..may logon from there

<Chilly> Shorts ES @ 1414.00 «« paper »» 12:08

<RussellDaytrade> Covered 1/4 ER2 Short @ 794.7 --> + 0.8 «« paper »» 12:11

trading around the position, in a slow way, trying to get flat, or close to it. 12:12

<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) 12:13

<eminitrader> Exited 1/3 ES Long @ 1415.25 --> + 10 12:17

holding 1

<ItalianSharp> wow emini, another 10er!

<NihabaAshi> Nice swing trading

<eminitrader> thx guys...

<RussellDaytrade> going for 15? :)

<eminitrader> hopefully... 12:18

expecting around 20-22

mean 1420-1422

<RussellDaytrade> wtg, outcome is great on any close either up or down from here.

<eminitrader> thx RD 12:19

<NihabaAshi> Shorts ER2 @ 794.90 -> small size

Dynamics of this price action changed :( 12:24

I'm now only looking for a few tick profits instead of points.

Too many lower shadows giving good support. 12:25

Covered 2/3 ER2 Short @ 794.50 --> + 0.4 12:29

I've reached my profit goal for this trade and I'm going to let it ride (greedy) with the remaining contract. 12:30

May get lucky and catch a point or more. 12:31

<Chilly> Covered 1/2 ES Short @ 1412.50 --> + 1.5 «« paper »» 12:34

back to b/e on day

exit stop set ES @ 1414.00 «« paper »»

missed first 2 hrs and uptrend .. but enough countertrend trading for me :) .. bbl 12:35

<NihabaAshi> Covered Remainder ER2 Short @ 794.70 --> + 0.2

stop hit

<Chilly> Covered 1/4 ES Short @ 1413.00 --> + 1 «« paper »» 12:37

taking some pizza money ... holding 1 .. bbl

<NihabaAshi> :) 12:38

I got enough profits today to buy one of those fancy Nike shoes :)

Geesh...top of the line Nike's are expensive :(

<Chilly> Nike snowshoes?

<NihabaAshi> I don't think Nike makes snowshoes or ski boots. 12:40

If they did I'm sure I've come across them by now :)

Long ER2 @ 794.00 -> small size 12:53

1 contract only and I'm in profit protection mode of the small profits I have for the trading day.

<RussellDaytrade> Covered all ER2 Short @ 793.8 --> - 1.9 «« paper »» 12:54

down approx 20 ovrall, acceptable, to me, all things considered. 12:55

<NihabaAshi> Exited ER2 Long @ 793.70 --> - 0.3 13:00

Reverse and Enter Short ER2 @ 793.70

2 contracts

We got some volatility here. 13:01

The 1pm est Housing Market Index Report 13:02

Covered 1/2 ER2 Short @ 793.10 --> + 0.6 13:03

Covered Remainder ER2 Short @ 793.60 --> + 0.1 13:12

If I can get one contract today that captured more than1 point...I will be happy even though I didn't have big expectations today nor tomorrow.

Be back later.

* NihabaAshi is now known as NihabaAshi_away

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<jperl> ER2 VWAP 793.23 13:27

<Chilly> Trailing Stop Hit ES @ 1414.00 --> 0 «« paper »» 13:41

<RussellDaytrade> Shorts ER2 @ 795.2 «« paper »» 13:51

* NihabaAshi_away is now known as NihabaAshi 14:16

<RussellDaytrade> Covered all ER2 Short @ 794.6 --> + 0.6 «« paper »» 14:21

<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) 14:34

<Chilly> Shorts ES @ 1413.25 «« paper »» 15:03

<NihabaAshi> Shorts ER2 @ 792.00 -> small size

1 contract only

Had a little data problem and it cost me a 792.30 fill :( 15:04

Covered ER2 Short @ 792.80 --> - 0.8 15:05

Shorts ER2 @ 792.30 -> small size 15:06

2 contracts and my last trade of the day due to back to back problems.

<Chilly> Covered 1/3 ES Short @ 1412.25 --> + 1 «« paper »»

Covered 1/3 ES Short @ 1412.00 --> + 1.25 «« paper »» 15:09

<NihabaAshi> Covered all ER2 Short @ 792.20 --> + 0.1 15:12

<Chilly> Covered 1/3 ES Short @ 1412.25 --> + 1 «« paper »»

<NihabaAshi> trailing stop hit :(

<Chilly> holding 1

exit stop set ES @ 1413.25 «« paper »»

<NihabaAshi> I'm done for the day. 15:13

<Chilly> Trailing Stop Hit ES @ 1413.25 --> 0 «« paper »» 15:20

<jperl> done for the day....trades here... 15:23

http://charts.dacharts.com/2007-03-19/JP ERL_012.png

<RussellDaytrade> Long ER2 @ 791.8 «« paper »» 15:25

Exited all ER2 Long @ 791.9 --> + 0.1 «« paper »» 15:35

<werner> gn all 15:40

<Chilly> gn folks 15:42

<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) 15:46

<NihabaAshi> Take care all and see all tomorrow. 16:19

<base> See you Niha, have a good evening. 16:23

Thank you.

* DisconnectedSession Close: Mon Mar 19 16:39:11 2007 16:39

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