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 |
+8.10 |
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$810.00 |
$0.00 |
Trading within the Big Picture
Profit/Loss
Statement
The range bound price action on Thursday that followed
the parabolic price action on Wednesday helped produced today's range bound
price action from the view point of the
30min
chart.
Further, whenever you do trend analysis, you should
identify support/resistance levels or zones to help give you a bigger
picture.
My definition of the bigger picture is a chart interval
that allows you to see a minimum of several trading days.
The big picture can help with reducing overtrading,
position size management, profit targets and with intermarket analysis.
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.
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#FuturesTrades purpose, benefits and access
info...click
here. |
| Session Start: Fri Mar 23 09:24:53 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 |
<PapaJon> | gm all | 09:25 |
<wizardofrijnsaterwou> | goodmorning everybody | 09:26 |
<pat255> | gm all .. | 09:35 |
| race up/down er |
| choppy |
<jperl> | yesterdays ER2 VWAP 813.25 | 09:42 |
<pat255> | ty jp ..yes |
<jperl> | yw |
<werner> | gm all |
<wizardofrijnsaterwou> | gm werner | 09:43 |
<werner> | m8 | 09:44 |
<Chilly> | Existing home sales at 10:00 |
<Brutus> | Long ES @ 1444 -> Swing / Position Trade «« paper »» | 09:45 |
<pat255> | #´s in a few mins.. | 09:50 |
<szubaark> | Buys NQ @ 1817.25 «« paper »» | 09:58 |
| exit stop set NQ @ 1817.25 «« paper »» | 10:00 |
<PapaJon> | i guess they liked the homesales #s | 10:01 |
<szubaark> | Exited all Long NQ at 1822 --> + 4.75 «« paper »» |
<NihabaAshi> | Yep | 10:02 |
<PapaJon> | at least on the short term |
<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) |
<szubaark> | good volatility spike |
<pat255> | oh man this is super volitile |
<szubaark> | this could be it for volatility today as its friday | 10:03 |
<NihabaAshi> | Shorts ER2 @ 815.90 -> small size |
| Shorts ER2 @ 816.20 -> Add | 10:04 |
| Covered 1/3 ER2 Short @ 814.70 --> + 1.5 | 10:06 |
<pat255> | vn |
<NihabaAshi> | I only added because my first entry should have been between 815.90 - 816.70 | 10:08 |
<szubaark> | geez that ER is FAST.. its also the first instrument most newbies start trading :)) |
<NihabaAshi> | I got caught doing too much analysis that resulted in the poor initial entry. |
| Covered 1/3 ER2 Short @ 815.60 --> + 0.3 | 10:13 |
| :( |
<Brutus> | well theres the spike I told you about |
| Exited ES Long @ 1450 --> + 6 «« paper »» |
<NihabaAshi> | Covered Remainder ER2 Short @ 815.50 --> + 0.4 |
| Got confused about the price action...decided to dump it. |
|
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| |
<Brutus> | late post been busyt trading |
<pat255> | vn brutus ...better trde es er is too choppy .. | 10:14 |
<Brutus> | ER is good for the start of the move, ES for the finish | 10:15 |
| Thats the main trend move |
<RussellDaytrade> | Shorts ER2 @ 814.8 «« paper »» |
<Brutus> | HOD may be in ??? | 10:18 |
<PapaJon> | starting to look like another chop day | 10:20 |
| nless we get some sort of b/o soon |
| or b/d |
<RussellDaytrade> | Shorts ER2 @ 814.4 -> Add «« paper »» | 10:21 |
<pat255> | to trade er u cant blink or u will miss it ..lol | 10:22 |
<szubaark> | pat best to stay away from it unless you have 20+ years experience |
<pat255> | true szu but nq is equally volitile .. |
| es is the best .. |
| just follow EM.. | 10:23 |
<Brutus> | Im thinking a slow grind down today till early afternoon 1442 ? |
<RussellDaytrade> | Shorts ER2 @ 813.5 -> Add «« paper »» |
<pat255> | hi em u awake ...:) |
<szubaark> | emini picks his spots. real patient. Ill still shoot out a trade based on Impulse (doing it less and less) | 10:24 |
<RussellDaytrade> | Covered 2/3 ER2 Short @ 813.8 --> - 0.3 «« paper »» |
<NihabaAshi> | Long ER2 @ 814.30 -> small size | 10:26 |
| Those Long shadows acting like support "will give" me problems in this trade :( |
<jperl> | ER2 took the bounce off yesterdays VWAP 813.25 |
<NihabaAshi> | Need patience and may have to pick a good spot to ADD to my position within the support zone that's below my entry. | 10:27 |
<szubaark> | Niha i wish u did more commenting of what u looking at so we can see what u looking at. | 10:28 |
<NihabaAshi> | :( | 10:29 |
<Brutus> | today I added to my winner 2 times, learning a few new tricks :) | 10:30 |
<NihabaAshi> | szu...I'm doing more recently than I have been doing in past years... |
| Only because I've gotten faster at typing without feeling stressed its interfering in my trade :) | 10:31 |
<pat255> | thks niha ...helps |
* codehead_afk | is now known as codehead | 10:32 |
<Brutus> | Very hard to trade and type (and spell for me :) ) |
<NihabaAshi> | If I get a second chance to dump this at 814.70 |
| I will take it. |
| Long ER2 @ 813.80 -> Add | 10:33 |
| Exited 1/2 ER2 Long @ 814.30 --> + 0.5 | 10:37 |
| Exited Remainder ER2 Long @ 814.90 --> + 0.6 |
<asuni> | nice add niha |
<NihabaAshi> | Those Long shadows on ER2 1min chart gave me the proper location of where to ADD if needed. | 10:38 |
| However, its a double edge sword because that same s/r zone is also a magnet. |
<pat255> | for the add u did niha? |
<NihabaAshi> | Simply, my initial entry sucked and should have been around 813.80 - 814.00 | 10:39 |
| pat255...yes, the ADD (where to do it) had those long shadows as the price zone for such. | 10:40 |
<pat255> | ty niha ...will keep that in mind.. |
<NihabaAshi> | Lets pretend I got a really good price like 813.60 for my initial entry... |
| I most likely would have still ADDED to the position in the s/r zone regardless if the position was at a loss or profit. | 10:41 |
<pat255> | c what u mean ..whole bunch of shadows in that area .. | 10:42 |
| good point ...will keep that in mind .. |
| 1 min chart shows well.. |
<jperl> | Not much maneuvering room this morning for trading..... | 10:52 |
| here are the trades.... |
| http://charts.dacharts.com/2007-03-23/JP ERL_016.png |
<Brutus> | Good short at 1448.5 stop at 1450 | 11:02 |
| Shorts ES @ 1448.5 «« paper »» | 11:06 |
| late but have a real trade on | 11:07 |
| will hold the short till 1330 |
| the paper trade that is | 11:08 |
<RussellDaytrade> | why 1330? |
<Brutus> | I think it is a pivot time today, no maths to it just a guess on prior action | 11:09 |
<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) | 11:11 |
<RussellDaytrade> | ok, i thought you might still be using the calls from a guy some months ago that had specific times he used as expected turning points. he still around? you recall his name on ET? |
<Brutus> | my2cents doesnt post much. No dont get his pivot sheet :( | 11:12 |
| Still certain things repeat, thats how I called the spike today | 11:13 |
<RussellDaytrade> | good selling spike | 11:14 |
<Brutus> | Buying was easier plenty more time and less risk | 11:15 |
| Dax new highs lifting the market, but NQ lagging | 11:19 |
<pat255> | later guys ty all | 11:27 |
<wizardofrijnsaterwou> | have a nice weekend everybody | 11:33 |
<Brutus> | Covered ES Short @ 1450 --> - 1.5 «« paper »» | 12:06 |
<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) | 12:23 |
<NihabaAshi> | Long ER2 @ 814.80 -> small size | 12:55 |
| This could be my last trade of the day mainly due to the fact I'm extremely bored (too slow of price action). |
| Also, I didn't get much sleep last night due to the 4 month old being sleepless between 12midnight - 3am est :( | 12:57 |
| Thus, I need a long nap :) |
| If the Ask can hit 815.20...I'll dump my position. | 12:59 |
<WannaBeBOS> | niha, i didnt know you had another baby |
| congrats |
<NihabaAshi> | Yep...we have two now and one particular reason why I'm more aggressive in my trading the past 6 months...expanding family requires more income :) | 13:00 |
<WannaBeBOS> | yes indeed | 13:01 |
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<NihabaAshi> | I'm slowly losing my support for the trade :( | 13:10 |
| Missed ADDing at 814.20 | 13:11 |
| Exited ER2 Long @ 813.90 --> - 0.9 | 13:14 |
| Reverse and Enter Short ER2 @ 813.90 |
| Covered all ER2 Short @ 813.70 --> + 0.2 | 13:16 |
| That volatility woke me up. | 13:18 |
| Long ER2 @ 813.70 -> small size | 13:19 |
| Adding an extra contract |
| I have good support for this Long but ER2 not co-operating :( | 13:25 |
| Exited 2/3 ER2 Long @ 814.20 --> + 0.5 | 13:27 |
| Lost my patience...no longer worth the stress. | 13:30 |
| Exited Remainder ER2 Long @ 813.80 --> + 0.1 |
<jperl> | 1 Standard Deviation of the price action from the VWAP is only 5 ticks..... | 13:31 |
| not much room to work with |
<NihabaAshi> | Looks like the ADD in my first trade of the day is where my profits occurred... | 13:32 |
| Take care all...I'm done for the trading day... | 13:33 |
| Have a good and safe weekend. |
<asuni> | u too niha |
* 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) | 13:35 |
<szubaark> | bye. | 14:28 |
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<jperl> | done for the day....todays trades here... | 15:44 |
| http://charts.dacharts.com/2007-03-23/JP ERL_017.png |
<werner> | gn all | 16:11 |
<NihabaAshi_away> | Looks like ER2 will close very close to its Open price. | 16:15 |
| I have ER2 Open @ 815.40 and its Close @ 815.40 |
| Bye All | 16:16 |
* DisconnectedSession | Close: Fri Mar 23 16:16:19 2007 |
| |
Google:
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#FuturesTrades past logs can be searched
via using Google. For example, pretend you want to research what has been
said about volatility analysis. Go to the Google search window below and type
in "volatility analysis" site:thestrategylab.com (exactly as I typed
it including the quotation marks) and you will find everything associated
with those key words that were used by any member of #FuturesTrades.
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