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#FuturesTrades March 20th 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

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Low Volatility Creeper Trends

Profit/Loss Statement

Trading days leading into a FOMC Announcement are usually low volatility and requires us to be very discipline in our trading because creeper trends and tight trading ranges are unforgiving if we make trade mistakes.

I took it easy today in my trading (taking a mental rest). However, via hindsight analysis, I see a few missed opportunities during the times I was away from the market today.

Other than that, I have a 1pm est important dental appointment and I expect to make it back in time for the 2:15pm est FOMC rate announcement.

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: Tue Mar 20 09:29:11 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> 1 week: 783.96

1 month: 794.31

<PapaJon> gm all

<jperl> 1 year: 750.75

<DevilDog> GM all

<PapaJon> thnx jp 09:30

<jperl> yw

<pat255> gm all

@office :(

* subq market profile charts for those that watch them 09:32

http://www.charthub.com/images/2007/03/2 0/MP_ER2_S2.png

http://www.charthub.com/images/2007/03/2 0/MP_YM_S2.png 09:35

<NihabaAshi> Long ER2 @ 792.30 -> medium size

:( 09:38

<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)

<NihabaAshi> Exited ER2 Long @ 792.00 --> - 0.3

Reverse and Enter Short ER2 @ 792.00

reversed into a large size position 09:39

* codehead_afk is now known as codehead 09:42

<RussellDaytrade> Shorts ER2 @ 793.5 «« paper »» 09:46

Covered all ER2 Short @ 793.8 --> - 0.3 «« paper »» 09:47

<NihabaAshi> Shorts ER2 @ 793.70 -> Add

<RussellDaytrade> trade entry error

Shorts ER2 @ 793.1 «« paper »» 09:49

<NihabaAshi> The market knows what I want and it won't give it :) 09:54

<jperl> ER2 pausing around yesterday's VWAP 793.24

<NihabaAshi> jperl...what's the current VWAP ? 09:55

<jperl> VWAP= 792.46

<NihabaAshi> Thanks...my target is about 2 ticks above that. 09:56

<RussellDaytrade> Covered all ER2 Short @ 792.5 --> + 0.6 «« paper »» 09:57

<NihabaAshi> Covered 1/2 ER2 Short @ 792.60 --> + 1.1

<pat255> later guys ..work..:( 09:58

<NihabaAshi> :( 10:01

Same problematic price action at the 792.00 price area.

I'm going to know make it a s/r zone for the remainder of the trading day. 10:02

<Brutus> Long ES @ 1413.25 «« paper »» 10:05

Exited 1/2 ES Long @ 1414.25 --> + 1 «« paper »» 10:06

<eminitrader> nice low risk trade entry B...

<Brutus> thx 10:07

<RussellDaytrade> Shorts ER2 @ 792.7 «« paper »»

Covered all ER2 Short @ 792.3 --> + 0.4 «« paper »» 10:09

<Brutus> Exited all ES Long @ 1415.00 --> + 1.75 «« paper »»

<NihabaAshi> Covered ER2 Short @ 793.00 --> - 1

Reverse and Enter Long ER2 @ 793.00

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<RussellDaytrade> Shorts ER2 @ 793.3 «« paper »» 10:10

<jperl> messy price action this morning....

I'm not going to trade this

<NihabaAshi> Exited 1/2 ER2 Long @ 794.30 --> + 1.3 10:11

<RussellDaytrade> Shorts ER2 @ 794.3 -> Add «« paper »»

<werner> gm all

<NihabaAshi> Exited Remainder ER2 Long @ 794.60 --> + 1.6 10:14

Keep my winners bigger than my losers...it'll be okay by end of the trading day :)

Shorts ER2 @ 794.40 -> medium size 10:16

<Brutus> Long ES @ 1414.5 «« paper »» 10:17

<NihabaAshi> Covered all ER2 Short @ 793.80 --> + 0.6

<szubaark> NQ 3 point range.. too tough to trade for me 10:20

<Brutus> Exited ES Long @ 1414.75 --> + 0.25 «« paper »» 10:21

Good trade setup - take 1st hr BO, I think its going to be long 10:28

<Chilly> Long ES @ 1416.00 «« paper »» 10:30

<Brutus> Long ES @ 1414.75 «« paper »» 10:33

<RussellDaytrade> Covered all ER2 Short @ 793.4 --> + 0.8 «« paper »»

late post, school taxi, nice, it dropped right into my buy in. 10:34

Shorts ER2 @ 794.1 «« paper »»

<eminitrader> school taxi ?? 10:35

<RussellDaytrade> delivering daughter to school. :)

<eminitrader> gotya :))

did that for a yr ...before my kids caught on the bus :) 10:36

<Brutus> Ready for liftoff 10:40

<NihabaAshi> Creeper uptrend since 1023am est 10:43

<RussellDaytrade> Shorts ER2 @ 795.7 -> Add «« paper »» 10:44

<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) 10:50

<RussellDaytrade> Shorts ER2 @ 796.5 -> Add «« paper »» 10:52

<Chilly> Exited 1/4 ES Long @ 1417.50 --> + 1.5 «« paper »»

Exited 1/4 ES Long @ 1417.00 --> + 1 «« paper »» 10:53

Exited 1/4 ES Long @ 1416.50 --> + 0.5 «« paper »» 10:54

<Brutus> Exited 1/2 ES Long @ 1417.25 --> + 2.5 «« paper »» 10:59

<Chilly> exit stop set ES @ 1416.00 «« paper »» 11:00

<Brutus> Exited 1/4 ES Long @ 1417.25 --> + 2.5 «« paper »» 11:01

Exited all ES Long @ 1417 --> + 2.25 «« paper »» 11:04

holding 1 :)

<Chilly> ES needs ER2 and NQ to reclear yesterday's high and stay above, imho

<RussellDaytrade> Covered 1/3 ER2 Short @ 795.4 --> + 1.1 «« paper »»

Shorts ER2 @ 796.4 -> Add «« paper »» 11:08

<NihabaAshi> Shorts ER2 @ 796.60 -> small size 11:10

1 contract only

Covered ER2 Short @ 796.20 --> + 0.4 11:11

<Brutus> Some stops for ER at 797.4 unless they are being saved for tomorrow 11:13

Exited all ES Long @ 1418.75 --> + 4 «« paper »» 11:14

<Chilly> exit stop raised ES @ 1416.50 «« paper »»

exit stop raised ES @ 1417.25 «« paper »» 11:30

Exited Remainder ES Long @ 1418.25 --> + 2.25 «« paper »» 11:35

<RussellDaytrade> Covered 1/3 ER2 Short @ 795.3 --> + 1.1 «« paper »» 11:38

<jperl> After a slow start this morning, I wasn't going to trade 11:39

<Brutus> Long ES @ 1416.75 «« paper »» 11:40

<jperl> but came back after a short break and decided otherwise....

so here are this mornings trades...

http://charts.dacharts.com/2007-03-20/JP ERL_013.png

<ItalianSharp> vice-president cheney was taken to a washington hospital for a blood-clot in his leg...don't know whether markets really care about this

<RussellDaytrade> Shorts ER2 @ 795.8 -> Add «« paper »» 11:42

<Brutus> Exited all ES Long @ 1417.75 --> + 1 «« paper »»

Shorts ES @ 1418.25 «« paper »» 11:43

Covered ES Short @ 1418.25 --> 0 «« paper »» 11:45

Shorts ES @ 1418.25 «« paper »» 11:53

<RussellDaytrade> Shorts ER2 @ 796.9 -> Add «« paper »» 11:54

<Brutus> Shorts ES @ 1419 -> Add «« paper »» 11:56

<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) 11:59

<Brutus> Shorts ES @ 1419.25 -> Add «« paper »» 12:00

<NihabaAshi> We're in the middle of a snow storm here (second one in 1 week)...just cleaned up 2 feet of snow and its a white out (very little visibility). 12:12

Should keep the ski slopes very active until it close the second Saturday of April. 12:13

<base> It is snowing here, too. 12:21

<Brutus> Shorts ES @ 1420.75 -> Add «« paper »» 12:23

Shorts ES @ 1421.5 -> Add «« paper »» 12:26

<eminitrader> u sure r hell bent on shorting this :)) 12:27

<Brutus> Yes stupid trade, but I'm seeing if I can get out of it 12:28

<RussellDaytrade> how many you selling at every price level B, 4? 12:31

<NihabaAshi> Shorts ER2 @ 799.00 -> small size

<RussellDaytrade> Oh EM, wakey wakey, time to trade. 12:32

:) 12:33

<eminitrader> already in a trade ..:))

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<RussellDaytrade> oh, thought you had one to sell at 22 and above.

<Brutus> not just 1 I knew it was counter trend and wanted to exit on the first contract but got drawn averaging the short

<eminitrader> remember ...waiting for my 20 pionter ..

<RussellDaytrade> oh, its 20 now?! thought you were keeping it to 15. 12:34

<eminitrader> true RD ...but not a strong trend like today and no sell set-upo

<RussellDaytrade> my trade has turned into an 'investment' today. 12:35

<eminitrader> had 18 .....hoping for 1425.25

<NihabaAshi> Covered ER2 Short @ 798.70 --> + 0.3 12:36

<Brutus> Covered all ES Short @ 1421.75 --> - 3.75 «« paper »»

So much for the pre FOMC 'range reduction day' :) 12:43

<eminitrader> yeah ..i was expecting something like this tommorow in the an session

<Brutus> I am trying to incorporate channels into my trading and concentrating on the ES to keep me on the right side of the market and to avoid counter trend trades. 12:47

<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) 13:11

<RussellDaytrade> Covered ER2 Short @ 796.5 --> - 2 «« paper »» 13:54

covered one of 5, account is currently net pos on day 13:55

closed 2 moere 13:56

Covered ER2 Short @ 796.1 --> - 2 «« paper »» 13:57

Covered ER2 Short @ 796.1 --> - 2 «« paper »» 13:58

Covered ER2 Short @ 796.3 --> - 2.2 «« paper »»

now short 1, up 320 or so, less comm, (apprx 55) 14:00

<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) 14:23

<NihabaAshi> By the way, I've joined a new discussion forum called Traders Laboratory at http://www.traderslaboratory.com 15:09

I'll be splitting my time between it and EliteTrader.com 15:11

If you join...tell them I sent you :) 15:12

I remember one of the registration questions was about how did I hear about them. 15:13

<base> Thanks, I will take a look at ... 15:17

<ItalianSharp> niha, no more trading for you today? 15:18

<NihabaAshi> I'm not sure...just taking it easy...waiting for some pattern signals to appear that involves some new edges I'm testing. 15:22

<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) 15:35

<NihabaAshi> I expected more volatility than this for the late afternoon trading session. 15:37

If the market close today with similar like volatility...I think tomorrow FOMC Announcement will be a little more explosive than normal. 15:38

I'm going to try to establish a trade in the morning for holding through out the morning and into the FOMC Announcement but only if I can exit some contracts at a profit and keep some remainders at a profit prior to the Rate Announcement. 15:40

<werner> gn all 15:43

<NihabaAshi> eminitrade...you still have some remainders for your quest of the +20 point trade ??? 15:50

<eminitrader> just 1 niha :)

<NihabaAshi> Good 16:16

If your going to catch that 20 pointer from the swing hold you've been holding... 16:17

Tomorrow is a good day to catch it because of the FOMC Announcement :)

Take care all and see all tomorrow. 16:20

* NihabaAshi is now known as NihabaAshi_away

<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) 16:47

* DisconnectedSession Close: Tue Mar 20 17:04:57 2007 17:04

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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

Treasury Futures T-Notes ZN, ZF and T-Bonds ZB

Forex Currencies EurUsd, EurYen and UsdCdn

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

NYMEX Energies Light Crude Oil CL, e-miNY QM and Natural Gas NG

COMEX Metals Gold GC

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Last of all, if you have any questions about either #EminiFutures general market chat room, #FuturesTrades realtime trade posting room or the two realtime strategy discussion rooms used by traders with access to our fee-based strategies called #TheStrategyLab and #SwingTradingTSL...

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