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#FuturesTrades March 29th Thursday 2007 Trade Log

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Therefore, do not use #FuturesTrades to judge the merits of TheStrategyLab.com strategies due to the fact that members of #FuturesTrades are using their own trade methodology.

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Russell 2000 Emini ER2 Futures

Today Month Year

+7.60 +339.60 +926.20

$760,00 $33,960 $92,620

Trading Perspective

Profit/Loss Statement

The market open with a Bearish bias and I would have changed my bias had ER2 reached 809.10 in the first 30mins of trading after 0930am est.

However, the 1030am est EIA Petroleum report ended any counter-thrust rally against the bearish price action to allow the declines to make new intraday lows.

Unfortunately, I was unable to exploit the morning price action because I decided to not trade until the afternoon p.m. trading session so I can use the morning to do a ton of personal work that can only be done on the computer.

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: Thu Mar 29 09:34:47 2007Session Ident: #futurestrades

* Now talking in #futurestrades 09:34

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

<Brutus> 1435.5 09:35

Long ES @ 1435.5 «« paper »»

Exited 1/2 ES Long @ 1436.5 --> + 1 «« paper »» 09:36

exit stop set ES @ 1435.5 «« paper »»

Exited all ES Long @ 1435.5 --> 0 «« paper »» 09:37

Long ES @ 1435.25 «« paper »» 09:39

<GoodMood> where is Niha ?

<Brutus> Exited all ES Long @ 1435.25 --> 0 «« paper »» 09:40

<eminitrader> Long ES @ 1434.75 09:41

<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) 09:44

<les> Shorts ER2 @ 807.2 «« paper »» 09:45

<Brutus> Long ES @ 1434.75 «« paper »»

exit stop set ES @ 1432.75 «« paper »» 09:46

Exited all ES Long @ 1435 --> + 0.25 «« paper »» 09:51

buy limit to enter long ES @ 1433.5 «« paper »» 09:54

<les> Covered all ER2 Short @ 806.3 --> + 0.9 «« paper »» 09:55

<Chilly> Long ES @ 1434.75 «« paper »» 09:58

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<eminitrader> sorry guys was disconnected for a while 10:00

<ItalianSharp> watch out folks: bush will be speaking at 10.15am 10:01

<les> huh? Bush - they taught him how to speak? 10:02

<ItalianSharp> lol

<RussellDaytrade> have a t of 805.4 working, likely htat was close enuf just now...it has about 5-7 min remaining to fulfill. 10:03

<ItalianSharp> and we got a pending oil report at 10.30am...which should be interesting given the diplomatic turmoil between Iran and UK

anyone else out there having connection problems with mIRC today? 10:04

<Chilly> looks like 4 of you got disconnected at the same time 10:05

<ItalianSharp> jee...

<les> yep..

Warren.MS.US.Othernet.org

was the problem 10:06

<Brutus> order went in 9:54:04 for 1433.5 still no fill, thats BS

<szubaark> emini u still Long? 10:07

<eminitrader> not to worry B i didnt either :(

no szu reversed to sell 1435 10:08

and out 1/2 @ 1434

B ..getting filled on limits @ the last tick works most of the time ...not all times in the ES 10:10

<szubaark> Buys NQ @ 1794.25 «« paper »»

<eminitrader> Covered Remainder ES Short @ 1435 --> 0 10:15

<Chilly> Exited 1/2 ES Long @ 1435.75 --> + 1 «« paper »» 10:16

<eminitrader> Shorts ES @ 1435.75

<Chilly> Exited 1/4 ES Long @ 1435.75 --> + 1 «« paper »» 10:18

<jperl> ER2 at VWAP 807.44 10:19

<Chilly> exit stop set ES @ 1434.75 «« paper »»

<eminitrader> Covered all ES Short @ 1436.25 --> - 0.5 10:20

<szubaark> Exited all Long NQ at 1796.50 --> + 2.25 «« paper »» 10:21

<jperl> time for break....trades so far....

http://charts.dacharts.com/2007-03-29/JP ERL_013.png

<eminitrader> Shorts ES @ 1436.50 10:22

<Chilly> Exited Remainder ES Long @ 1435.75 --> + 1 «« paper »» 10:24

<eminitrader> Covered 1/3 ES Short @ 1435 --> + 1.5 10:32

<ItalianSharp> markets are sort'uv dull and slow this morning 10:36

<eminitrader> Shorts ES @ 1435 -> Add 10:37

oloks bearish ...matter of time before a drop...prolly after some noise... 10:39

for me to be bullish it shld have had new highs by now to make it a runaway gap...

but u never know :)) 10:40

<Brutus> looks bullish to me, had data probs. Bullish until 1433.25 holds

mean breaks 10:41

<eminitrader> why is 1433.25 important ? just cause its today's low oor

<Chilly> Shorts ES @ 1434.00 «« paper »»

<Brutus> yes

<eminitrader> k ... 10:42

<RussellDaytrade> well, thats interesting, i am squarely in the middle of both B and EM, i am bullish, but i expect a deeper drop first!

<eminitrader> funny isn't it ...but healthy thats what makes the mrkts..a bear bull and nuetral 10:43

<RussellDaytrade> another hour-to hour and half of selling should suffice...have a larter term t of 801.75 working

<Brutus> :) 10:44

<eminitrader> Covered 1/2 ES Short @ 1432 --> + 3

<Chilly> Covered 1/2 ES Short @ 1432.00 --> + 2 «« paper »»

<RussellDaytrade> Long ER2 @ 804.9 «« paper »»

strating early

<szubaark> nice read on that Short emini 10:45

<eminitrader> just going by patterns here

<RussellDaytrade> did a few shorts this am off the gap open for my usaul buck or so pft's.

<eminitrader> same here some scalps selling and then loaded waiting for the move... 10:46

worked out real good today..

thx szu

<RussellDaytrade> scaled buys under mkt 10:47

Long ER2 @ 804 -> Add «« paper »» 10:49

<Chilly> Covered 1/4 ES Short @ 1430.75 --> + 3.25 «« paper »» 10:50

<jperl> ER2 @ yesterdays VWAP 803.47

<RussellDaytrade> up targets now 10:51

<jperl> ER2 covered the span 1 week VWAP to Yesterdays VWAP

<RussellDaytrade> 811.65 10:53

<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)

<Chilly> Covered Remainder ES Short @ 1431.75 --> + 2.25 «« paper »» 10:54

<jperl> her is the 2 min chart showing the span.... 10:55

http://charts.dacharts.com/2007-03-29/JP ERL_014.png

<RussellDaytrade> beginning to think that rapid last drop may have negated the need for another hour -to hour and a hlf of more 'selling time', ie, it got close enuf to the levels i had expected in less time then i had expected, hence, might no longer be a need for that 'time' 10:58

<eminitrader> Covered 1/3 ES Short @ 1431 --> + 5.5 10:59

Covered ES Short @ 1431 --> + 5.5 11:01

Reverse and Enter Long ES @ 1431

<RussellDaytrade> nice to see i'm buying near the 3 SD

should work out with some patience

806.5 is my current t, looks like that may coincide with a declining vwap near same levels 11:03

<eminitrader> Exited 1/3 ES Long @ 1432.50 --> + 1.5 11:07

<ItalianSharp> looks like mkts trying to build a support here 11:08

<pat12> late entry on es & paid the price .. 11:11

out b/e 11:12

<jperl> ER2 second bounce off yesterdays VWAP

<eminitrader> nice set-up for a good scalp pat ...shld have held with stop below 30.50 11:13

be back .. 11:17

* codehead_afk is now known as codehead 11:18

<eminitrader> Exited 1/3 ES Long @ 1433,75 --> + 1433,75 - 1431 11:23

<RussellDaytrade> had a little case of 'mini-vertigo' there...almost reached my first sell

<eminitrader> Exited 1/3 ES Long @ 1433.75 --> + 2.75

<pat12> vn em ...

<RussellDaytrade> musta touched vwap

<eminitrader> thats better

thx pat

Exited Remainder ES Long @ 1434 --> + 3 11:27

<RussellDaytrade> i got 8-10 left on that 806.5 t

'10 minutes to Waptner' 11:28

<pat12> what happened to Niha? 11:29

<eminitrader> Shorts ES @ 1434 11:32

<RussellDaytrade> our regularly scheduled show of Judge Waptner has been pre-empted today, please tune in tomorrow at your normal times and stations. 11:38

i don't usually like buying / adding at same/ near same price points, but it seems to me to be at a buy point 11:49

got buys /adds at lower points

<eminitrader> Covered 1/2 ES Short @ 1431 --> + 3

<RussellDaytrade> Long ER2 @ 803.2 -> Add «« paper »» 11:52

<eminitrader> Covered 1/3 ES Short @ 1430 --> + 4

holding 3 ..

<pat12> em u the Champ...

<RussellDaytrade> took it early, had it at 803, but thought it may not trade there so i raised it

<eminitrader> this will be my last trade of the month...will hold 1 overnight ..expecting 1415 target 11:53

nice month and year so far pat

<RussellDaytrade> new t 806.8 11:55

<pat12> wtg em ..wish u cud post some charts to c ..

<RussellDaytrade> l 3 ap 804

<eminitrader> what charts pat ? 11:56

<Brutus> EMT - Oscar Carboni says hes is expecting a big drop today/tomorrow says 1412

<RussellDaytrade> yes, that would be nice pat, but may be better just to have him trade an account for you! 11:57

<pat12> just the setups u take ..but no big deal ..

<RussellDaytrade> Long ER2 @ 803 -> Add «« paper »»

<pat12> your entries help a lot 11:58

<RussellDaytrade> i inadvertently cancelld my sell at 806 instead of the buy at 803 when i added at 803.2

<eminitrader> Covered 1/3 ES Short @ 1428 --> + 6 11:59

<RussellDaytrade> so got filled at 803

<eminitrader> holding 2

<RussellDaytrade> Long ER2 @ 802 -> Add «« paper »»

<eminitrader> who is carbani B ?

<RussellDaytrade> i'll be gd'md, that 801.75 came thru after all

<Brutus> S&P trader getting a following on utube 12:00

<eminitrader> k ..thx 12:01

<Brutus> Some good buying (ask) coming in

<RussellDaytrade> l 5 ap 803.4 12:02

<Brutus> EMT do you disregard the 'EOM buying' hype 12:03

<eminitrader> whats EOM B if u dont mond 12:04

<Brutus> End of Month 12:05

<eminitrader> oh ...

<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)

<eminitrader> B...i dont pay attention to stuf like that ...speculation i think ...i depend more on the charts to say it for me 12:06

<Brutus> ok 12:07

<RussellDaytrade> well, looks like baout an hour -to an hour and a half or so of selling did come in after all. 12:08

i have up targets working, both little and big

about 20 minutes ago, the senate approved a troop withdrawal bill, that may explain this recent price action 12:10

<pat12> k guys later ty all 12:11

<RussellDaytrade> er declined 1 % from h-l, and its practically unch 12:20

<Dmi76> buy limit to enter long ER2 @ 800.2 12:34

<Brutus> OIL FUTURES: Nymex Crude Tops $65.00, Up More Than $1

<codehead> long ER 802.10 <paper> 12:46

exit ER +.5 <paper> 12:58

signal still good, need to pay attention to stocks

66 crude making it tough 13:01

66.175 high on QM

<RussellDaytrade> Nigerian official dies of natural causes, knife in back. 13:07

<ItalianSharp> lol 13:08

<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) 13:17

<codehead> Qm 66.325 13:25

whew

<RussellDaytrade> Iran honchos happy to trade Brit swabbies for an average price bump in crude of $5 over next 30 days plus 13:36

<NihabaAshi> Long ER2 @ 799.80 -> small size 13:52

Covered ER2 Short @ 800.10 --> - 0.3 13:56

Reverse and Enter Long ER2 @ 800.10

Will correct in a minute... 13:57

Long ER2 @ 799.80 -> small size 13:58

Exited ER2 Long @ 799.10 --> - 0.7

Reverse and Enter Short ER2 @ 799.10

I have two extra contracts on the position reversal...not sure if the script will pick up the math correctly. 14:00

Covered ER2 Short @ 797.90 --> + 1.2 14:01

Holding 2 contracts

<eminitrader> Covered 1/3 ES Short @ 1424 --> + 10 14:06

holding 1 ...will hold this overnight

<NihabaAshi> Covered Remainder ER2 Short @ 798.80 --> + 0.3 14:22

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<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) 14:26

<NihabaAshi> Shorts ER2 @ 800.60 -> medium size 14:45

Covered ER2 Short @ 799.50 --> + 1.1 14:46

Holding 2 contracts

Covered ER2 Short @ 799.00 --> + 1.6 14:49

Holding 1 contract

Covered Remainder ER2 Short @ 800.00 --> + 0.6 14:51

Reminder: There are key market events tomorrow at 0830am est and 1230pm est...expect volatility spikes. 15:14

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) 15:18

The only update I need to do involves today's log.

<RussellDaytrade> current up = 802.2... kept adding long exposure on the drop, took most of it off at near 800, now long 3, down on the day by approx 300, was up earlier, coming back, traded out of it mostly, may be pftable by either eod or tom am. 15:23

thats for the long/short acct, up a little on the short only, just from 2 trades at the open 15:24

t fulfillment 15:25

802.2

<jperl> done for today.....hope you all had a good trading day....here are mine.... 15:26

http://charts.dacharts.com/2007-03-29/JP ERL_015.png 15:27

<RussellDaytrade> looks like 250 net minus commish, on top, once again, wtg 15:29

<jperl> yes...that looks about right 15:30

<RussellDaytrade> i see pos div in the daily, ie, slightly lower prices on this drop relative to yesterdqay, with less selling pressure

positive now, again 15:31

antthing north of 804 will get tempting, might be s tretch this pm, who knows, nother 45 left in day 15:33

<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) 15:38

<RussellDaytrade> exited 2, long 1, up 320 or so in the l/s acct 15:42

they took my last one at 804

some of my earleir up t's are starting to get reeled in now 15:44

<eminitrader> oh boy...stopped out on my remainder :(( 15:54

Covered Remainder ES Short @ 1434 --> 0 15:55

late post

<RussellDaytrade> amazing swings

<eminitrader> so no overnight hold..

i know Rd ...never did expect that

missed this reverse action :(( 15:56

<Brutus> So many V days

<eminitrader> but prolly wld not have taken any longs

<RussellDaytrade> i had expected it, but not from such deep levles as it got to, everyday's an adventure.

<eminitrader> slol

<RussellDaytrade> i thought 800 would hold, etc 15:57

also took longer then i expected to reach a bottom 15:58

B, i think your call for a up leg in mkt today from yesterday may have more firmness tom, then it did today, may be a day to buy first dip 16:00

even better if they agp'em down at open 16:01

gap 'em

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<eminitrader> unless some screw-up in the IRANian issue..

<RussellDaytrade> yes, EM, and good point there, but, very predictable... if Irans 'senses' mkt if firming over here, they will out with some statement, to try and knock it, presenting a great last minute buying op. 16:02

these guys, you can almost read 'em like a book, just think like a crokk, and it's eassy. 16:03

<eminitrader> and not to forget its a friday ..and last day of the qtr...

<Brutus> YEah RD last day of the month seems to have a strong up bias

<eminitrader> just think like a crokk, and it's eassy... :)) 16:04

<RussellDaytrade> they're just a bunch of thugs and highwaymen, with a country to run, Iran, Chavez, you get the idea, and lets not forget Bush's freind, Vladimir. 16:05

<eminitrader> yep 16:06

<Brutus> This is what you need 16:07

http://www.magus-trading.com/rtn_system. html

The RTN system is not based on fundamental or technical analysis. Instead it focuses on market sentiment

Some powerful stuff

<eminitrader> isn't that what the charts r all abt ..sentiments and emotions 16:08

<Brutus> The Russian dude did this ET thread

http://www.elitetrader.com/vb/showthread .php?s=&threadid=34819&perpage=40 16:09

<eminitrader> why complicate it ? wld rather stick with simple chart readings

<Brutus> True, also since its slightly outside my price range 16:10

<eminitrader> how much B

<Brutus> JK, hedge funds pay top $ for this stuff

<eminitrader> like 6 digits

<Brutus> Read the ET thread very informative, its many levels above 16:11

<eminitrader> :)

<RussellDaytrade> thats an old thread 16:12

maybe like an old bottle of wine. :)

<Brutus> As an engineer you should find it interesting EMT 16:13

RU a spring chook RD :)

<RussellDaytrade> B, you wouldn't beleive how much 'Clocktower' tawny Port we drink in our household, probably more then any other household in our fair city. it's from down under! 16:14

time for to wrap up my sats, good night fellas. 16:15

<Brutus> :) good Stuff CU 16:16

<NihabaAshi> Take care all and have a good one. 16:25

* NihabaAshi is now known as NihabaAshi_away

* DisconnectedSession Close: Thu Mar 29 16:37:29 2007 16:37

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