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#FuturesTrades March 21st Wednesday 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

+23.10 +0.0000

$2,310.00 $0.00

FOMC Announcements

Profit/Loss Statement

The best way to trade FOMC announcements is to stick to your normal trading plan. If a pattern signal appears, trade it. If not, stay discipline via staying on the sidelines so that you don't take emotional trades (intuition trading) based solely upon you seeing price move strongly one particular direction.

These types of emotional trades are involved with the fear of missing the big move or trying to use the FOMC announcement as a surrogate mother to fix earlier losses.

Today, intermarket analysis, played a key role into the direction...it was going up as told by Eurex futures, Gold futures (GC) and exchange traded funds (GDX, GLD), Oil futures (CL, QM and HO) and exchange traded funds (OIH, XLE, USO).

Also, if your counter-trend trading against all the key markets...such is foolish trading if you don't take quick profits when profitable (don't try to catch a big move) on FOMC announcement trading days.

By the way, do you remember my recent commentary about how to tell its going to be a strong trend?

When you see Emini Futures, Eurex Futures, Gold Futures and Oil Futures all moving strongly in the same direction while there's a strong movement in the opposite direction in Treasury Futures...

That's a strong trend that should continue for the remainder of the trading day and such occurred today.

The below Key News about the FED worries could present short opportunities the next few trading days.

Key news of the day

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: Wed Mar 21 08:04:58 2007Session Ident: #futurestrades

* Now talking in #futurestrades 08:04

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

#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) 08:11

<WannaBeBOS> gm all 08:39

<werner> gm all 08:54

<PapaJon> gm all 09:19

<wizardofrijnsaterwou> goodmorning everybody

<PapaJon> News keep talking bout fomc being two meetings... 2nd one today.. but the Econ Calendar says the anouncement is today ... Can anyone confirm either or / or both? 09:20

looks like both 09:22

The policy-setting Federal Open Market Committee, which ends its two-day meeting Wednesday, has held the federal funds target rate steady at 5.25% at each of its last five meetings. The FOMC will release a statement on the economy and monetary policy at roughly 2:15 p.m. Eastern.

<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) 09:23

<PapaJon> By Greg Robb, MarketWatch

<eminitrader> u r right pj...meeting ends today with the release 09:24

<PapaJon> tnx et

<eminitrader> urw :) 09:25

<RussellDaytrade> gm EM. did that plus 20 pointer print yet? 09:32

<eminitrader> yep ...just did :))

<Brutus> Long ES @ 1424 «« paper »»

<RussellDaytrade> wtg. wanted to see it cross the stratregylab 'tape'. 09:33

<NihabaAshi> Shorts ER2 @ 800.30 -> large size

<DevilDog> GM all

<eminitrader> thx rd ...first time in my trading career :)

<PapaJon> very nice.. congrats et 09:34

<eminitrader> thx pj

<PapaJon> uw

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Trading Strategies ->   These strategies will reveal and explain specific strategies from entry to exit that exploit inefficiencies in the price action of your trading instrument for profits in the following trading instruments: Emini Index Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Index Derivatives (DAX, ESTX50), Euronext Index Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Energy Futures (CL, NG, HO, QM), Forex Currencies (EurUsd, EurYen, UsdCdn), Exchange Traded Funds (DIA, GLD, OIH, IWM, QQQQ, SPY, XLE) and Hang Seng Index Futures (HSI)

<RussellDaytrade> good o/n and o/weekend hold

<Brutus> Well done EMT :) 09:37

<RussellDaytrade> Shorts ER2 @ 800.2 -> Add «« paper »» 09:38

<eminitrader> thx B

<RussellDaytrade> still short 1 from yesterday, ap now 798.4 on 2

<les> Shorts ER2 @ 799.4 «« paper »»

<NihabaAshi> Covered 1/2 ER2 Short @ 799.50 --> + 0.8

<RussellDaytrade> Covered 1/2 ER2 Short @ 799.3 --> + 0.9 «« paper »» 09:41

<Brutus> exit stop set ES @ 1422 «« paper »» 09:43

<les> Covered 1/3 ER2 Short @ 789.9 --> + 9.5 «« paper »» 09:44

oops 09:45

<Brutus> Exited ES Long @ 1422 --> - 2 «« paper »»

<les> +.50

<NihabaAshi> Covered ER2 Short @ 799.10 --> + 1.2

Holding 1 contract

<les> Covered 1/3 ER2 Short @ 798.9 --> + 0.5 «« paper »»

<eminitrader> Long ES @ 1422.50 09:51

<les> Covered Remainder ER2 Short @ 799.5 --> - 0.1 «« paper »» 09:52

<eminitrader> Long ES @ 1422.25 -> Add 09:53

<les> Shorts ER2 @ 798.8 «« paper »» 09:56

<Brutus> 1421.25 09:57

Long ES @ 1421.25 «« paper »»

<szubaark> Buys NQ @ 1784 «« paper »» 09:58

<Brutus> exit stop set ES @ 1419.25 «« paper »» 09:59

<eminitrader> Long ES @ 1421.25 -> Add 10:02

<Chilly> Long ES @ 1422.25 «« paper »» 10:06

<les> Covered Remainder ER2 Short @ 799.5 --> - 0.7 «« paper »» 10:08

<Brutus> Long ES @ 1421.75 -> Add «« paper »» 10:09

<eminitrader> Exited 1/3 ES Long @ 1422.50 --> + 1.25 10:10

<NihabaAshi> Covered Remainder ER2 Short @ 800.10 --> + 0.2

<les> Long ER2 @ 800.1 «« paper »»

<szubaark> Exited all Long NQ at 1786.50 --> + 2.5 «« paper »» 10:12

<Brutus> exit stop set ES @ 1421.25 «« paper »» 10:13

<les> Exited 1/3 ER2 Long @ 800.6 --> + 0.5 «« paper »» 10:15

<Brutus> Exited 1/2 ES Long @ 1423.75 --> + 2 «« paper »»

<RussellDaytrade> Shorts ER2 @ 800.9 -> Add «« paper »» 10:17

<NihabaAshi> Key Econ Report Alert: We have a pending 1030am est EIA Petroleum Status Report...volatility usually starts to show up around 1025am est.

<les> Exited ER2 Long @ 800.4 --> + 0.3 «« paper »» 10:18

Reverse and Enter Short ER2 @ 800.4 «« paper »»

<pdays> Shorts YM @ 12365 10:19

<Chilly> Exited 1/3 ES Long @ 1423.25 --> + 1 «« paper »» 10:22

<les> Covered 1/3 ER2 Short @ 799.9 --> + 0.5 «« paper »» 10:23

<eminitrader> Exited ES Long @ 1422.75 --> + 0.25 10:24

Reverse and Enter Short ES @ 1422.75

<Chilly> Exited 1/3 ES Long @ 1423.00 --> + 0.75 «« paper »»

<les> Covered 1/3 ER2 Short @ 799.6 --> + 0.8 «« paper »»

<Chilly> Exited Remainder ES Long @ 1422.50 --> + 0.25 «« paper »»

<eminitrader> Covered all ES Short @ 1423.25 --> - 0.5 10:29

<les> Covered Remainder ER2 Short @ 800.1 --> + 0.3 «« paper »»

<Chilly> Long ES @ 1423.50 «« paper »»

Exited all ES Long @ 1423.25 --> - 0.25 «« paper »» 10:31

ES struggling with 1423.75 10:32

<eminitrader> be back @ 2pm ..good trading all

<Chilly> c ya

<eminitrader> later chilly 10:33

<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) 10:35

<Brutus> Exited all ES Long @ 1421.5 --> + 0.25 «« paper »» 10:38

<RussellDaytrade> Covered 1/2 ER2 Short @ 800 --> + 0.9 «« paper »»

late post

<Brutus> Long ES @ 1421.25 «« paper »» 10:40

exit stop set ES @ 1420.5 «« paper »» 10:41

Exited 1/2 ES Long @ 1422.25 --> + 1 «« paper »» 10:42

exit stop set ES @ 1421 «« paper »» 10:43

* codehead_afk is now known as codehead

<Chilly> good entry B 10:44

<Brutus> thx, just playing the DB

<Chilly> what is DB? 10:45

<Brutus> double bottom on the ES 10:46

<Chilly> ok, got it 10:47

<Brutus> Should be a large move up now 10:54

<Chilly> yup, needs to get over 1424, imho 10:56

<Brutus> NAz comp is +ve but NQ lagging -6 10:59

<Chilly> ES hit 1423.75 four times and pulled back .. needs to go soon or back to chop 11:02

Long ES @ 1423.50 «« paper »» 11:06

exit stop set ES @ 1422.25 «« paper »» 11:08

:(

<Brutus> Exited 1/4 ES Long @ 1422.75 --> + 1.5 «« paper »» 11:09

<Chilly> Trailing Stop Hit ES @ 1422.25 --> - 1.25 «« paper »»

<RussellDaytrade> ****** NewsFlash ****** Early Release of Federal Reserve Open Market Commitee Statement, March 21, 2007, (not for public dissemination, repeat, not for public dissemination),,, NO CHANGE, the FOMC has kept the overnight discount rate steady at 5.25% In addition, the FOMC stated that 'it is watching the situation closely, and is remaining ever-vigilant for signs of inflation, and that while the risks of inflation are still

and elevated, they have moderated slightly'. NO CHANGE... End of Statement. Not for Early Release or Public Dissemination. 11:11

Federal Reserve Chairman Ben Bernanke was also heard to say, 'Speaking gor myself and all of the members of the FOMC, we are unanimous in our belief that, the ER2 is a Short Sale'. 11:18

<jperl> wasn't trading this morning... 11:20

I see I didn't miss much

<RussellDaytrade> tight range, thus far. that'll change later today. 11:21

<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) 11:47

<NihabaAshi> Be back later...got a dental appointment...hopefully I'm back before the FOMC announcement. 12:40

* 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) 12:56

<pat255> hi all.. 13:08

em Niha ...any position in front of the news? 13:16

<Chilly> pat, both are gone until app. 2pm 13:18

<pat255> k ..ty

<Brutus> Exited all ES Long @ 1425 --> + 3.75 «« paper »» 13:36

* NihabaAshi_away is now known as NihabaAshi 13:56

* Retrieving #futurestrades modes... 14:06

<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) 14:08

<Brutus> Long ES @ 1424.75 «« paper »» 14:14

<Chilly> Long ES @ 1426.25 «« paper »» 14:15

<NihabaAshi> Long ER2 @ 802.90 -> small size 14:16

<Chilly> Exited 1/2 ES Long @ 1432.50 --> + 6.25 «« paper »»

<RussellDaytrade> shorting on scales up

<NihabaAshi> Exited 2/3 ER2 Long @ 804.60 --> + 1.7

I have another order in at 805.50

<RussellDaytrade> added two, short 3, with more if/as prices rise 14:17

s 4

s 5

<Chilly> Exited Remainder ES Long @ 1431.75 --> + 5.5 «« paper »»

<NihabaAshi> Cancelling exit order 14:21

Exited Remainder ER2 Long @ 805.60 --> + 2.7 14:22

<Brutus> Exited 1/2 ES Long @ 1434.5 --> + 9.75 «« paper »» 14:23

<RussellDaytrade> s 6

s 7 14:24

<NihabaAshi> Other was cancelled and still got filled :(

Other = Order

<RussellDaytrade> s 8 14:25

<NihabaAshi> No re-entry signal...just sitting here watching :(

<Brutus> Exited 1/4 ES Long @ 1436 --> + 11.25 «« paper »»

<RussellDaytrade> all orders i had were filled

<Brutus> Exited 1/4 ES Long @ 1438 --> + 13.25 «« paper »» 14:26

<RussellDaytrade> how many were you long this time B? 14:27

<Brutus> Full position, trend was long from the 10:00 14:28

<NihabaAshi> Shorts ER2 @ 808.50 -> medium size

<Brutus> Had a real long 1 contract only :(

Will get long again on a pullback I think we will clos on the highs today 14:29

<NihabaAshi> ER2 volatility dropping fast...expecting a volatility spike here soon. 14:32

Covered ER2 Short @ 809.00 --> - 0.5 14:35

Reverse and Enter Long ER2 @ 809.00

Exited ER2 Long @ 810.50 --> + 1.5 14:41

Holding 2 contracts

<pat255> vn niha culd not reverse 14:42

<Brutus> Shorts ES @ 1439.5 «« paper »»

<NihabaAshi> I think the 809.00 price area was "calm enough" where trade entries were normal.

<pat255> i c.. 14:43

<NihabaAshi> Simply, on FED day...I try hard not to do trade reversals during a spike (horrible fills or no fills at all).

Exited ER2 Long @ 812.10 --> + 3.1 14:44

Holding 1 contract

<Brutus> Covered ES Short @ 1442 --> - 2.5 «« paper »»

<NihabaAshi> Eminitrade...you still Long??? 14:45

If so...you overnight swing Long will be the biggest trade I've seen in here. 14:46

<pat255> looks like niha ..

<ItalianSharp> emini, if that trade is still on it could turn into your pension fund...

<NihabaAshi> ER2 volatility has dropped again (some calm for normal trade entries)...I'm expecting a volatility spike here soon again. 14:47

<pat255> vn read niha on the L side 14:57

<NihabaAshi> My pattern signal occurred in the DAX :)

Didn't feel like trading the DAX and took the trade in ER2 instead.

<pat255> vvn ..

<Brutus> another 30pt range day, looks like the trend is still long 14:59

<NihabaAshi> I'm glad I am down stairs in the basement office watching my European charts on the desktops because normally I'm upstairs trading from the widescreen laptop.

:( 15:05

U.S. Dollar had reached a 2 year low against the Euro upon the FOMC announcment. 15:08

<Brutus> the AUD was at a 10 year high against the US prior 15:09

The forex markets knew what was coming 15:10

<NihabaAshi> Exited ER2 Long @ 813.20 --> + 4.2 15:11

Reverse and Enter Short ER2 @ 813.20

Covered 2/3 ER2 Short @ 812.40 --> + 0.8 15:13

Covered ER2 Short @ 812.90 --> + 0.3 15:15

Shorts ER2 @ 812.30 -> small size 15:16

<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) 15:17

<Brutus> looks like the 27th Feb ES gap is where the last advanced stopped 15:18

<NihabaAshi> Covered 1/2 ER2 Short @ 811.80 --> + 0.5 15:19

Looks like volatility has gone back to normal trading conditions. 15:24

Will be exiting my remainder soon.

Covered Remainder ER2 Short @ 812.10 --> + 0.2 15:25

I'm done trading for the day...lost my patience while holding that remaining contract. 15:26

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<pat255> k later niha 15:27

<Brutus> Long ES @ 1441.75 «« paper »» 15:29

Trend is still long (I hope) so full position 15:30

Exited 1/4 ES Long @ 1444 --> + 2.25 «« paper »» 15:33

<NihabaAshi> Brutus...I'm bullish too.

<Brutus> Expecting it to close near the highs

Even go up 1600 to 1615 15:34

<pat255> nice enrty brutus

<Brutus> exit stop set ES @ 1441.75 «« paper »» 15:35

thx Pat 15:36

Exited 1/4 ES Long @ 1447 --> + 5.25 «« paper »» 15:47

Exited all ES Long @ 1446.75 --> + 5 «« paper »» 16:00

Might be a nice gap up open tomorrow 16:01

<RussellDaytrade> might be a nice gap down. 16:02

<Brutus> In pre market anyway

<RussellDaytrade> either way, its a good sell, if not a great sell.

<Brutus> I have the trend on my side :)

<RussellDaytrade> for anyone 'stuck' in a long from a month ago, this is a godsend 16:03

trends turn on a dime, :)

<NihabaAshi> Reminder -> #FuturesTrades chat room trade logs are posted @ http://www.thestrategylab.com/RecentTrad es.htm (logs will be updated tonight by 9pm est to current)

<pat255> ty niha

<RussellDaytrade> sometines, you gotta take it when you can get it.

btw, the fed statements mayt have been mis-reported, and the more bearish aspects may yet to be reflected. 16:06

<werner> gn all 16:14

<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) 16:29

<NihabaAshi> The next few trading days I'm going to be looking for a trend day. 17:14

Thus, I'll be doing some size.

Take care all and see all tomorrow.

* DisconnectedSession Close: Wed Mar 21 17:14:51 2007

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Argentina, Australia, Belgium, Brazil, Canada, Denmark, France, Germany, Greece, Hong Kong (China), Israel, Italy, Japan, Mexico, Portugal, Puerto Rico (U.S.), Saudi Arabia, Singapore, Spain, United States and Venezuela.

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

Hang Seng Index Futures HSI

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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