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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Russell 2000 Emini ER2
Futures |
Today |
Month |
Year |
+3.50 |
+22.70 |
+965.60 |
$350 |
$2,270 |
$96,560 |
Trading Perspective
Profit/Loss
Statement
There will be times when we have problems with our
computers, ISP or broker execution platform. Today was one of those
particular trading days and I was lucky to finish at a profit mainly due to
the fact I started using my backup system.
Other than that and with the early system problems,
nothing worth discussing today and your welcome to email me with questions
about anything posted in the below chat log.
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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| Session Start: Wed Apr 04 09:23:11 2007Session Ident: #futurestrades |
* Now | talking in #futurestrades | 09:23 |
<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) | 09:24 |
<RussellDaytrade> | all trades in s/o acct closed for small pft in aft/o/n sessions, now flat in both accts | 09:25 |
<pat255> | gm all.. |
<PapaJon> | gm all | 09:26 |
<pat255> | hi em looking L side? | 09:31 |
<eminitrader> | long @ 1446 |
<pat255> | kty.. |
<NihabaAshi> | Long ER2 @ 815.90 -> small size | 09:32 |
<jperl> | ER2 yesterday VWAP 816.87 | 09:34 |
<RussellDaytrade> | i think i have a short bias today |
| the rise i expected manifested itself beautifully | 09:35 |
<Brutus> | What caused the 9:10 spike? |
<PapaJon> | i believe the news re: UK sailors to be released |
<jperl> | Iran news |
<RussellDaytrade> | Brit swabbies get 'de-briiged | 09:36 |
* Nana_afk | is now known as Nana_CO |
<RussellDaytrade> | de-brigged |
<Brutus> | thx |
| 1000/1400 Mar ISM Non-Mfg Index 55.0 54.3 | 09:37 |
| 1000/1400 Feb Factory Orders +2.4% -5.6% |
| 1030/1430 Mar 30 US Energy Dept Crude Oil Stocks |
<NihabaAshi> | :( | 09:39 |
* NihabaAshi | is now known as NihabaAshi_away | 09:40 |
<szubaark> | Shorts NQ @ 1816.25 «« paper »» | 09:56 |
| exit stop set NQ @ 1818 «« paper »» | 09:57 |
* NihabaAshi_away | is now known as NihabaAshi |
<Brutus> | February Factor Orders released on 4/4 at 10:00 AM; consensus 1.7% :theflyonthewall.com | 09:58 |
| 09:55 EDT theflyonthewall.com: March ISM Services released on 4/4 at 10:00 AM; consensus 55.0 :theflyonthewall.com |
<pat255> | stopped em..dang on es | 10:00 |
| had 46 entry ..did not get out..:( | 10:01 |
<szubaark> | pat u playing around with real cash or paper? |
<pat255> | real cash szu .. | 10:02 |
<szubaark> | Covered all Short NQ at 1812.75 --> + 3.5 «« paper »» |
<NihabaAshi> | Exited all ER2 Long @ 814.30 --> - 1.6 | 10:05 |
| Finally, my system is working and I can exit my position :( |
<pat255> | system down? :( | 10:06 |
<RussellDaytrade> | yes, that was a very uncharacteristic trade for you |
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<NihabaAshi> | Shorts ER2 @ 814.40 -> medium size | 10:08 |
<eminitrader> | Long ES @ 1444.75 | 10:09 |
<NihabaAshi> | Shorts ER2 @ 814.70 -> Add | 10:13 |
<RussellDaytrade> | looks like up targets are on |
<eminitrader> | Exited 1/3 ES Long @ 1445.75 --> + 1 |
<jperl> | ER2 VWAP 815.40 | 10:17 |
<pat255> | k guys biab @office ty | 10:18 |
<Nana_CO> | anyone have time to tell me what VWAP stands for? | 10:19 |
<jperl> | Volume Weighted Average Price |
<Nana_CO> | ty, jperl |
<jperl> | computed from the 9:30 open |
<eminitrader> | Exited 1/3 ES Long @ 1447.25 --> + 2.5 | 10:25 |
<jperl> | ER2 @ VWAP 815.33 |
| Market pausing here | 10:26 |
| waiting for the 10:30 news | 10:27 |
| today's ER2 peak volume at 816.20 | 10:28 |
<ItalianSharp> | jperl...the VWAP is really accurate isnt it? | 10:29 |
<jperl> | yes | 10:30 |
| but don't overinterpret it |
| it and it's standard devs are pivot points... | 10:31 |
| places where the market pauses before deciding where to go next |
| peak volume just shifted down to 814.50 | 10:34 |
<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) | 10:36 |
<jperl> | Market now between peak volume and VWAP..... | 10:37 |
| place where it tends to oscillate before breaking out |
<NihabaAshi> | Be back...emergency reboot needed. |
* DisconnectedSession | Close: Wed Apr 04 10:37:38 2007 |
| Session Start: Wed Apr 04 10:46:00 2007Session Ident: #futurestrades |
* Now | talking in #futurestrades | 10:46 |
<X> | [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTra desChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrad es.htm |
<NihabaAshi> | Covered all ER2 Short @ 813.90 --> + 1.3 | 10:49 |
| Instant fill and my system is working OK again :) |
| Lucky exit too :( |
| Small size only considering the problems I'm having today...I'm also now using my backup laptop. | 10:50 |
| Long ER2 @ 815.70 -> small size | 11:10 |
<eminitrader> | Exited 1/3 ES Long @ 1448 --> + 3.25 |
| hllding 1 | 11:11 |
<RussellDaytrade> | Shorts ER2 @ 816.1 «« paper »» | 11:12 |
<NihabaAshi> | Exited all ER2 Long @ 815.80 --> + 0.1 | 11:16 |
<jperl> | Market pausing at 1st StdDev of VWAP 816.08 |
| The StdDevs are the points where I look for trade entries... | 11:22 |
| I usually like to take longs if price action is above VWAP and shorts below.... | 11:25 |
| Today however... |
| there is some treacherous water above the 1st STd DEv.... |
| the open at 816.70 |
| yesterdays VWAP at 816.87 | 11:26 |
| previous close at 817.30 |
| so If I were to take a long trade here.... |
| I'd be out before I hit the rapids | 11:27 |
| There isn't much open water to the down side either... | 11:28 |
| about 9 ticks before you hit the VWAP again |
<Brutus> | Long ES @ 1447 «« paper »» | 11:32 |
<RussellDaytrade> | Covered all ER2 Short @ 815.2 --> + 0.9 «« paper »» |
<jperl> | so here we are back at the VWAP again 815.24 |
<Brutus> | target 1449.75 | 11:34 |
<jperl> | Time for break...... |
<Brutus> | exit stop set ES @ 1445 «« paper »» |
<jperl> | this mornings two trades here.... |
| http://charts.dacharts.com/2007-04-04/JP ERL_011.png |
<RussellDaytrade> | Shorts ER2 @ 815.9 «« paper »» | 11:35 |
* codehead_afk | is now known as codehead | 11:41 |
<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) | 11:48 |
<Brutus> | Exited 1/2 ES Long @ 1449 --> + 2 «« paper »» | 12:04 |
| Exited all ES Long @ 1449.75 --> + 2.75 «« paper »» | 12:05 |
<RussellDaytrade> | Shorts ER2 @ 817.2 -> Add «« paper »» | 12:25 |
| Covered 1/2 ER2 Short @ 816.3 --> + 0.9 «« paper »» | 12:39 |
<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) | 13:00 |
<eminitrader> | Long ES @ 1447.50 | 13:03 |
<Brutus> | Long ES @ 1446.5 «« paper »» | 13:05 |
<RussellDaytrade> | EM, b, curious about what you'all use as a trade signal or trigger? | 13:10 |
<eminitrader> | mine was based opn a pullback t0 a retracement level and in confluence with my ma's | 13:11 |
<Brutus> | nothing falls of a cliff RD :) price action on this one, risky trade |
<eminitrader> | mine actually was add | 13:12 |
<RussellDaytrade> | is that a fib retracement EM? |
| Yes B, feels like the kinda day where pa is fairly well-behaved | 13:13 |
<eminitrader> | yes RD |
<Brutus> | RD when the block trades hit like they did in a high volume discrete bursts I see it as more for emotional value and stops | 13:15 |
| Exited 1/2 ES Long @ 1447.5 --> + 1 «« paper »» |
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<eminitrader> | that was basically traders trying to get a momemtum based on 30 min chart that had a price action sell set-up | 13:16 |
| cld very well work out for the shorts |
<Brutus> | exit stop set ES @ 1446.25 «« paper »» | 13:17 |
<RussellDaytrade> | btw, i am still of the mind it turns lower today |
| perhaps nothing major, just a minor decline, or flattish, but a distribution type day | 13:20 |
<Brutus> | After 1030 I saw today as a chop day with LOD in and HOD 1450 with price oscilating in between. I am still guessing the signals | 13:23 |
| So I should have reversed at 1449.75 but thought we would test it | 13:24 |
| But still bullish for the week | 13:25 |
<RussellDaytrade> | yes, i am slightly bearish/pullback inclined, so i was looking for a rally to sell... did an s add at 817.5 that i closed at 816.5, still have one open s, with a buyclose at 814.7. | 13:28 |
| Covered all ER2 Short @ 815.3 --> + 0.6 «« paper »» | 13:37 |
| close enough |
<Brutus> | Exited all ES Long @ 1446.75 --> + 0.25 «« paper »» |
<eminitrader> | Exited all ES Long @ 1445.75 --> - 1.75 | 13:41 |
<Brutus> | buy limit to enter long ES @ 1445 «« paper »» |
| see if chop scenario holds | 13:43 |
<RussellDaytrade> | i gotta bigger t in the 809-810 area, may be too compressed a pa day to reach it | 13:45 |
| flat now, and missing having an open short |
| no fill at 816 | 14:01 |
| still open |
<Dmi76> | Long NQ @ 1814 | 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) | 14:12 |
<NihabaAshi> | The entire trading day for e | 14:13 |
| ER2 has been within the range of yesterday. | 14:14 |
<eminitrader> | yep ...looks like a inside day |
<Dmi76> | Exited all NQ Long @ 1815 --> + 1 | 14:15 |
<RussellDaytrade> | Shorts ER2 @ 816 «« paper »» |
| early |
<Dmi76> | early? | 14:16 |
<RussellDaytrade> | or late, depending on ones viewpoint |
| early, in the sense that it may go higher before retreating and becoming a pftable trade | 14:17 |
<ItalianSharp> | guys...I am gonna leave for a couple of weeks tomorrow and take some holidays...you all take care and make some dough...see you all soon...:) | 14:23 |
<eminitrader> | where u going IS | 14:24 |
<ItalianSharp> | northern cyprus |
| need to get some tan on my white skin |
<NihabaAshi> | Enjoy and have fun. | 14:25 |
<ItalianSharp> | thanks |
<eminitrader> | well u have fun ...and leave the mrkts to us ..:)) |
<ItalianSharp> | yep...i know they are in good hands...:P |
<eminitrader> | lol |
<Brutus> | Setting up some tax free trading account IS ? :) |
<ItalianSharp> | brutus...that's a possibility and i'll be looking into that as well... | 14:26 |
| as long as northern cyprus is out of the European Union... |
<eminitrader> | gotto plan for the future u know |
<ItalianSharp> | exactly...i'll be buying some property there |
| and make the first payment |
<eminitrader> | good for u.. |
| maybe we can share u vacation home ..someday :)) | 14:27 |
<ItalianSharp> | yes, its a great place in the mediterranean sea...not hyped up yet...i consider it the last turistic-free spot in the mediterranean |
| emini, i already told you that all you gotta do is get your ass in europe... | 14:28 |
| :) |
| gotta go now...take care all |
<eminitrader> | bye |
| when u coming back by the way ? | 14:29 |
<Brutus> | Cu have a good holiday |
| Looking for it to hit 1449+ to close slightly up for the day | 14:32 |
<NihabaAshi> | Shorts ER2 @ 816.30 -> small size | 14:40 |
| Covered all ER2 Short @ 816.00 --> + 0.3 | 14:43 |
<Brutus> | Long ES @ 1447.25 «« paper »» | 14:47 |
| exit stop set ES @ 1445.5 «« paper »» | 14:48 |
| Fly, My Pretties, Fly! | 15:16 |
| Exited 1/2 ES Long @ 1449 --> + 1.75 «« paper »» | 15:18 |
| Exited all ES Long @ 1449.25 --> + 2 «« paper »» |
| Shorts ES @ 1449.5 «« paper »» | 15:20 |
| exit stop set ES @ 1450 «« paper »» | 15:21 |
<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) |
<Brutus> | Covered 1/2 ES Short @ 1448.5 --> + 1 «« paper »» | 15:27 |
| Covered all ES Short @ 1449 --> + 0.5 «« paper »» | 15:30 |
<jperl> | trades today.... | 15:38 |
| http://charts.dacharts.com/2007-04-04/JP ERL_012.png |
<RussellDaytrade> | ending day short one, and up approx 650 over both acct's, mostly in the s/o acct. | 16:13 |
* DisconnectedSession | Close: Wed Apr 04 16:25:50 2007 | 16:25 |
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