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#FuturesTrades April 2nd Monday 2007 Trade Log

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Russell 2000 Emini ER2 Futures

Today Month Year

-1.40 -1.40 +942.90

($140) ($140) $94,290

Trading Perspective

Profit/Loss Statement

This was one of those trading days you wanted to stay in bed and this thought is not hindsight after having a losing trading day.

I had this thought since the opening bell.

The low volatility along with twice having to reboot my system because I thought I had computer problems, made it a frustrating trading day but not too stressful.

Simply, my trading wasn't too poor and I had chances to get profitable but missed a few key pattern signals due to taking a rest from the market.

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 Apr 02 09:27:26 2007Session Ident: #futurestrades

* Now talking in #futurestrades 09:27

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

<RussellDaytrade> i have a rising prices bias for the next couple / three days 09:32

<PapaJon> gm all

<RussellDaytrade> subject to change based on incoming pa

<jperl> ER2 1 weel VWAP 806.17 09:33

1 week

Friday VWAP 805.17 09:34

<pat255> ty jp & gm all

<jperl> yw 09:35

* subq ooops MP charts for today heh 09:37

http://www.charthub.com/images/2007/04/0 2/MP_ER2_S2.png 09:38

http://www.charthub.com/images/2007/04/0 2/MP_ES_S2.png

http://www.charthub.com/images/2007/04/0 2/MP_NQ_S2.png

http://www.charthub.com/images/2007/04/0 2/MP_YM_S2.png

<Brutus> 1000/1400 Mar ISM Mfg Index 51.5 52.3 09:50

<NihabaAshi> Looks like the market is waiting for the 10am est ISM Mfg Index Report.

<ItalianSharp> niha, i doubt it that ISM will be moving the mkt much today...let's not forget this is easter holiday week...europe will be closed on thursday and US on friday...likely a slow week 09:52

<NihabaAshi> Volatility has contracted a lot...the report should produce a very nice volatility spike.

Long ER2 @ 808.10 -> small size 09:53

<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) 09:57

<pdays> ISM 50.9 est 51.4 10:01

<RussellDaytrade> Long ER2 @ 806.5 «« paper »»

<NihabaAshi> Exited ER2 Long @ 806.50 --> - 1.6 10:02

Reverse and Enter Short ER2 @ 806.50

Short medium size position.

Covered ER2 Short @ 807.00 --> - 0.5 10:05

Reverse and Enter Long ER2 @ 807.00

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<eminitrader> Long ES @ 1427 10:08

<RussellDaytrade> Long ER2 @ 895.5 -> Add «« paper »»

oops, 805.5

Long ER2 @ 805.5 -> Add «« paper »» 10:09

<NihabaAshi> Long ER2 @ 805.80 -> Add

<eminitrader> Exited 1/2 ES Long @ 1428.50 --> + 1.5 10:11

<NihabaAshi> Exited 1/2 ER2 Long @ 806.10 --> + 0.3 10:12

<eminitrader> Exited Remainder ES Long @ 1427 --> 0 10:13

<NihabaAshi> Long ER2 @ 805.50 -> Add

<szubaark> Buys NQ @ 1782 «« paper »» 10:14

<jperl> ER2 @ Friday's VWAP 805.16 10:15

<NihabaAshi> That was an ugly flip over :( 10:16

<eminitrader> Long ES @ 1426

<NihabaAshi> It's been awhile since I've seen the market try to shake out retail traders like this... 10:17

Institutions haven't joined in just yet.

<RussellDaytrade> if you belive higher prices are in store for later in the day, and want to see a washout low, from which prices will work higher, that was a beautiful thing

<eminitrader> Exited 1/3 ES Long @ 1427.50 --> + 1.5

<NihabaAshi> It's getting closer and closer to shaking me out :( 10:18

<RussellDaytrade> Long ER2 @ 804.3 -> Add «« paper »»

oops, thats 804.4

<NihabaAshi> Exited all ER2 Long @ 804.50 --> - 3.5 10:19

<szubaark> Brutal Drop

<NihabaAshi> Long ER2 @ 804.70 -> large size 10:21

This Long should have alread made an easy 1 point :( 10:23

<jperl> ER2 has to traverse a mine field to get to the up side this morning... 10:24

Fridays VWWAP, 1 Week VWAP, previous close and the open...

all are contenders for pushing back down

<NihabaAshi> Looks like I'm about to lose my support on this trade. 10:25

<RussellDaytrade> 812.15 10:28

<NihabaAshi> Exited all ER2 Long @ 805.80 --> + 1.1 10:31

Geesh...that wasn't an easy trade.

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<asuni> great helpfrom position size i think

<szubaark> Exited all Long NQ at 1784.75 --> + 2.75 «« paper »»

<eminitrader> Exited 1/2 ES Long @ 1429.50 --> + 3.5 10:33

<NihabaAshi> Long ER2 @ 806.10 -> medium size 10:34

<jperl> ER2 VWAP today=806.70

I'm on the sidelines this morning... 10:35

I won't consider a long unless we get above the open....

and won't look at shorts unless we get below Friday's VWAP and stay there

<pat255> looks S to me but both Niha em trading on L side 10:36

<NihabaAshi> Exited all ER2 Long @ 805.40 --> - 0.7 10:38

<eminitrader> looking to sell 1430 area

<NihabaAshi> Long ER2 @ 805.50 -> medium size 10:39

Exited all ER2 Long @ 805.450 --> - 0.05 10:42

Oooops...

Exited all ER2 Long @ 805.50 --> 0

Rarely do I get breakeven trades :(

It's either profitable or a loser. 10:43

<pat255> chop chop now .. 10:45

<eminitrader> Exited Remainder ES Long @ 1428.50 --> + 2.5 10:47

<NihabaAshi> Market trying hard to find support again...last two times it did this...it chopped a lot and then price dropped below the support. 10:48

Long ER2 @ 805.20 -> large size 10:55

To far above the support...very little wiggle room to stay in this chop because of such :(

<eminitrader> Shorts ES @ 1430.75 10:56

<jperl> ER2 VWAP now 806.45

<RussellDaytrade> Exited 1/3 ER2 Long @ 806.5 --> + 2.2 «« paper »» 10:57

<NihabaAshi> Exited 1/2 ER2 Long @ 806.40 --> + 1.2

<eminitrader> Shorts ES @ 1431.75 -> Add 10:58

<NihabaAshi> Exited Remainder ER2 Long @ 806.40 --> + 1.2

<RussellDaytrade> Exited 1/3 ER2 Long @ 807 --> + 0.5 «« paper »» 11:02

<eminitrader> Covered all ES Short @ 1432.25 --> - 2 11:03

<NihabaAshi> Long ER2 @ 807.20 -> large size

Just looking for a few ticks on this

<Brutus> Shorts ES @ 1433.5 «« paper »» 11:04

<RussellDaytrade> just fulfilled my t setup, and early by a few minutes, going to hold one for longer term setup

<NihabaAshi> Exited ER2 Long @ 806.70 --> - 0.5 11:05

Reverse and Enter Short ER2 @ 806.70

Covered all ER2 Short @ 806.90 --> - 0.2 11:08

Shorts ER2 @ 806.90 -> large size 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)

<NihabaAshi> :( 11:10

<Brutus> exit stop set ES @ 1433.5 «« paper »»

<jperl> I'm still on the sidelines this morning....no tradeds 11:11

trades

<szubaark> Shorts NQ @ 1786.25 «« paper »»

exit stop set NQ @ 1788.50 «« paper »» 11:12

<NihabaAshi> This is what happens when institutionals aren't interested in trading today. 11:13

<Brutus> Covered all ES Short @ 1432.75 --> + 0.75 «« paper »» 11:14

<NihabaAshi> Maybe the FED speech at 1230pm est will bring back the volatility that seems to have gone on vacation with the "college spring break" :)

<Brutus> RD your outlook seems to be correct. Good call 11:17

<NihabaAshi> Looking to dump this position so I can do a reboot and then go to lunch. 11:20

<RussellDaytrade> thx b, so far so good, based mostly on 'how it feels', with added help from longer charts, one a 5 day, and another a 15 day. note that i, along with you, if memory serves, have expected some traction to the upside for a couple days nows. it did happen, in a roundabout way, ie, after fairly hard selling...

<NihabaAshi> Covered all ER2 Short @ 806.70 --> + 0.2 11:21

<RussellDaytrade> but it did come back, ie, mkt firmed up, after testing lows, i thought and am hoping this last selloff this am will be a succesful test of them lows, and holding higher, etc... anyway it was good, happy about it, thx again 11:22

<NihabaAshi> Be back later...in the process of updating my trade notes and getting ready for a needed reboot after some updates.

* NihabaAshi is now known as NihabaAshi_away

* DisconnectedSession Close: Mon Apr 02 11:22:53 2007

Session Start: Mon Apr 02 11:36:15 2007Session Ident: #futurestrades

* Now talking in #futurestrades 11:36

<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTra desChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrad es.htm

<Brutus> Long ES @ 1432.75 «« paper »» 11:38

exit stop set ES @ 1430.75 «« paper »» 11:39

* NihabaAshi is now known as NihabaAshi_away

* codehead_afk is now known as codehead 11:47

<Brutus> Exited all ES Long @ 1430.75 --> - 2 «« paper »» 11:51

<pat255> k guys c u all later ty all 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) 12:15

* NihabaAshi_away is now known as NihabaAshi 12:26

<NihabaAshi> Shorts ER2 @ 806.20 -> small size 12:30

Covered all ER2 Short @ 805.90 --> + 0.3 12:35

Long ER2 @ 805.80 -> small size 12:48

Exited ER2 Long @ 805.10 --> - 0.7 12:55

Reverse and Enter Short ER2 @ 805.10

Added a few more contracts on the reverse. 12:56

Covered all ER2 Short @ 804.90 --> + 0.2 12:58

Long ER2 @ 805.50 -> medium size 13:04

<Brutus> buy limit to enter long ES @ 1430.25 «« paper »» 13:09

<NihabaAshi> Exited all ER2 Long @ 804.60 --> - 0.9 13:10

Shorts ER2 @ 804.10 -> large size

<Brutus> Long ES @ 1430.25 «« paper »» 13:11

Exited all ES Long @ 1430.25 --> 0 «« paper »»

ER did not look healthy

<NihabaAshi> I hate when Hammers appear while I'm short :( 13:13

Covered all ER2 Short @ 804.60 --> - 0.5 13:14

<Brutus> 12:54 EDT theflyonthewall.com: U.S. says one of its citizens may be missing in Iran, CNN reports 13:16

<NihabaAshi> Long ER2 @ 805.00 -> large size 13:17

Exited all ER2 Long @ 805.10 --> + 0.1 13:21

Be right back...

* 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) 13:27

<NihabaAshi_away> Hope yo guys are awayk... 13:40

I'm going to take another nap and will put some prices on AUDIO ALERT is they hit so that I can come see if it involves volatility.

Talke to all later.

<jperl> stopping for the day....only one trade that didn't pan out.... 13:52

had to reverse out it.....

http://charts.dacharts.com/2007-04-02/JP ERL_018.png

* NihabaAshi_away is now known as NihabaAshi 14:22

<Chilly> looks like oil may close down 14:26

<NihabaAshi> Long ER2 @ 805.80 -> medium size 14:34

<jperl> ER2 @ VWAP 806.20 14:35

<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) 14:39

<NihabaAshi> Exited all ER2 Long @ 806.30 --> + 0.5 14:45

Saw some size but the levels barely moved in relationship to that type of size :( 14:46

Long ER2 @ 806.70 -> large size 15:06

<Brutus> Long ES @ 1434 «« paper »» 15:07

Exited ES Long @ 1434.75 --> + 0.75 «« paper »» 15:12

<NihabaAshi> Exited all ER2 Long @ 807.60 --> + 0.9

<RussellDaytrade> seems to be approaching, and on the cusp, of a range expansion point 15:16

<NihabaAshi> Long ER2 @ 808.00 -> medium size

Got some data problems :( 15:20

Exited all ER2 Long @ 808.20 --> + 0.2 15:23

Lucky exit considering my charts stop dead a few seconds after my Long entry :( 15:24

I'm still in the red by about $400 bucks...data problems making it difficult to find a trade entry. 15:29

Be back in a few minutes...going to do a reboot.

* DisconnectedSession Close: Mon Apr 02 15:29:51 2007

Session Start: Mon Apr 02 15:38:23 2007Session Ident: #futurestrades

* Now talking in #futurestrades 15:38

<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTra desChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrad es.htm

<Brutus> Exited 1/2 ES Long @ 1434.25 --> + 0.75 «« paper »» 15:40

Exited all ES Long @ 1435.5 --> + 2 «« paper »»

oops

Exited all ES Long @ 1433.5 --> 0 «« paper »» 15:41

<NihabaAshi> Long ER2 @ 808.00 -> small size 15:42

Exited 2/3 ER2 Long @ 808.70 --> + 0.7 15:44

Exited Remainder ER2 Long @ 808.10 --> + 0.1 15:46

Long ER2 @ 808.20 -> small size 15:50

Punks didn't want to fill me @ 807.90 :(

<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) 15:51

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<NihabaAshi> Exited 2/3 ER2 Long @ 808.60 --> + 0.4 15:52

Exited Remainder ER2 Long @ 808.40 --> + 0.2 15:53

Shorts ER2 @ 808.70 -> medium size 15:58

Oh oh... 15:59

Covered ER2 Short @ 809.10 --> - 0.4

Reverse and Enter Long ER2 @ 809.10

Exited all ER2 Long @ 809.20 --> + 0.1 16:00

Shorts ER2 @ 809.10 -> medium size 16:02

I think I need a 808.30 on this trade to be profiitable for the day. 16:04

tic toc tic toc :) 16:07

Geeesh...I'm within a nice looking White WRB s/r zone with support around 808.10 16:10

I'm a little surprised it has tested that support by now as profit taking.

Retail traders sure are stubborn to let go. 16:11

Covered all ER2 Short @ 808.80 --> + 0.3 16:15

:(

<eminitrader> looks like u missed it by a tick

<NihabaAshi> Yep...

Too much down time today. 16:16

Can't get away with down time like that on a low volatility trading day like today.

Make take another trade when this opens again.... 16:19

I like the fact my data is no longer stalling :)

Could be due to the fact there's no trading right now :) 16:20

<eminitrader> lol 16:26

<NihabaAshi> Long ER2 @ 809.20 -> small size 16:32

Only 2 contracts...ER2 is too thin for anything about 5 contracts at this time.

Haven't gotten filled yet :( 16:36

Geeshh.

This is interesting...changing my order... 16:37

Exited 1/2 ER2 Long @ 809.30 --> + 0.1 16:45

Long ER2 @ 809.00 -> Add

Will try to push the Ask up to 809.50 :) 16:46

tic toc tic toc...as soon as spouse saids its dinner time... 16:52

I'm done for the day.

<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) 17:00

<NihabaAshi> It's dinner time and I will be holding these contracts overnight with a 5 tick stop that I may change later to -1 point stop/loss protection. 17:38

Take care all. 17:39

* NihabaAshi is now known as NihabaAshi_away

* DisconnectedSession Close: Mon Apr 02 19:22:04 2007 19:22

Google:

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In addition, below are the trading instruments our chat room members monitor closely to make trade decisions:

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CBOT mini-sized Dow Futures YM

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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

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

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COMEX Metals Gold GC

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