Home

 

About Us

   

Sitemap

 

Contact

 

April Trade Log Trade Strategies Discussion Forum Music While Trading Testimonials Disclaimer
 
 

#FuturesTrades April 4th 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 to be among profitable traders that fulltime or part-time as day traders, swing traders or position traders.

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.

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.

Fee-based clients of TheStrategyLab.com strategies use the private IRC rooms called #TheStrategyLab, #SwingTradingTSL or their own private chat room to post their trades with commentary.

Further, you'll find below the #FuturesTrades chat room text log of realtime trades (real money and simulator) to be timestamp to help correlate the trades with your charts and the 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.

 

Trader's

Books

Videos

DVD

VHS

PAL

Audio

Click Here

 

 

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.

  

  #FuturesTrades purpose, benefits and access info...click here.
Session Start: Wed Apr 04 09:23:11 2007Session Ident: #futurestrades
* Now talking in #futurestrades09:23
<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 accts09:25
<pat255> gm all..
<PapaJon> gm all09:26
<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 816.8709:34
<RussellDaytrade> i think i have a short bias today

the rise i expected manifested itself beautifully09:35
<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-briiged09:36
* Nana_afk is now known as Nana_CO
<RussellDaytrade> de-brigged
<Brutus> thx
1000/1400 Mar ISM Non-Mfg Index 55.0 54.309:37
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_away09:40
<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.com09:58

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 es10:00
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
   
Trading Edge: 

Strategies

If your an independent trader looking for an edge to help you traverse around obstacles to profitable trading...a method that's well defined, gives you a better understanding of the markets, applicable for day trading, position trading, swing trading, market seasonal tendencies, position size management with a money back guaranteed policy...click here.
   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) 
  
<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 815.4010:17
<pat255> k guys biab @office ty10:18
<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 here10:26

waiting for the 10:30 news10:27

today's ER2 peak volume at 816.2010:28
<ItalianSharp> jperl...the VWAP is really accurate isnt it?10:29
<jperl> yes10:30

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 814.5010:34
<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 #futurestrades10:46
<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 111:11
<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 816.8711:26

previous close at 817.30

so If I were to take a long trade here....

I'd be out before I hit the rapids11:27

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 1449.7511:34
<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 codehead11:41
<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's13:11
<Brutus> nothing falls of a cliff RD :) price action on this one, risky trade
<eminitrader> mine actually was add13:12
<RussellDaytrade> is that a fib retracement EM?

Yes B, feels like the kinda day where pa is fairly well-behaved13:13
<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 stops13:15

Exited 1/2 ES Long @ 1447.5 --> + 1 «« paper »»
  
Sponsor:

Traders Accounting 

As traders we must treat our trading like a business if we are to succeed as traders and as a business. Therefore, waiting till the last few weeks March to prepare for April's taxes is not good for your trading and could put extra stress on your trading during tax month or the months that follow if your one of those traders that filed an extension.. Therefore, its best to be on top of your taxes throughout the year and Traders Accounting is a great resource for such especially if you want to prevent penalties or an audit several years from now.
 
  
<eminitrader> that was basically traders trying to get a momemtum based on 30 min chart that had a price action sell set-up13:16
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 day13:20
<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 signals13:23

So I should have reversed at 1449.75 but thought we would test it13:24

But still bullish for the week13:25
<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 holds13:43
<RussellDaytrade> i gotta bigger t in the 809-810 area, may be too compressed a pa day to reach it13:45
flat now, and missing having an open short
no fill at 81614:01
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 e14:13

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 trade14:17
<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 IS14:24
<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 day14:32
<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 200716:25
  
Sponsor:

Skype  

  

 Google:

#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.

  

Google
  

We are proud to say that our chat room members are from the following geographical areas in the world:

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 the above blog like commentary, listing of our favorite trader blogs, above realtime posted trades or about the strategy discussion chat rooms associated with our fee-based strategies (#TheStrategyLab and #SwingTradingTSL)...

Don't hesitate to ask your questions and we'll reply back as soon as possible.

Sincerely,

M.A. Perry and Associates

TheStrategyLab.com

 questions@thestrategylab.com

"The point of this whole exercise is to make money. Everything else is just conversation." --Jonathan Hoenig

DAX   FTSE-100   CAC-40   EC   ER2   ES   NQ   YM   QQQQ   SPY   IWM   DIA   CL   QM   NG   OIH   XLE   GC   GLD   ZN   ZB   ZF   BUND   EurUsd   UsdCdn

 
Home Trade Strategies Trading Manual Testimonials Traders Library Refund Policy
 
Performance Record Trade History Japanese Candlesticks Discussion Forum #FuturesTrades Chat Room
 
About Us Referral Program Feedback Privacy Disclaimer Contact
 

Copyright © 2002 - 2007. The Strategy Lab. All rights reserved.