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#FuturesTrades April 5th Thursday 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.

 

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Russell 2000 Emini ER2 Futures

Today Month Year
+1.50 +24.20 +967.10
$150 $2,420 $96,710

Trading Perspective

Profit/Loss Statement

Historically the day before Easter Holiday is not a good they to trade via your normal position size. Thus, it requires a smaller position size, quicker profit targets on trend reversal signals and more patience to stay with a trade that was entered via a trend continuation pattern signal.

All the above is via Volatility Analysis and I missed a golden opportunity to get Long around 0942am est.

To make matters worst, I took an intuition trade (Short position) soon afterwards knowing I just missed a Long signal.

Simply, poor discipline caused me to miss having a big profitable trading day on a small position size.

Yet, it is the last trading day of Easter week and things usually don't go as plan on these particular trading days.

Therefore, nothing unusual and I didn't push my trading too aggressive today until my last trade of the day when I added a few more contracts (still small size) that got me profitable for the day.

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 Apr 05 09:24:16 2007Session Ident: #futurestrades
* Now talking in #futurestrades09:24
<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<pat255> gm niha
<PapaJon> gm all
<pat255> tomorrow mkt closed09:26
<asuni> gm all
big move eurofx09:27
<Brutus>  Shorts ES @ 1446.75 «« paper »» 09:36
<jperl> ER2 yesterday's VWAP 815.66
<Brutus>  Shorts ES @ 1446.75 «« paper »»

oops, just once09:37
<eminitrader>  Shorts ES @ 1446.50
Covered all ES Short @ 1446.50 --> 0 09:39
<Brutus>  Covered ES Short @ 1446.75 --> 0 «« paper »»
<eminitrader>  Shorts ES @ 1446.75 09:40
<Brutus>  Long ES @ 1446.75 «« paper »»
<eminitrader> oops
Long ES @ 1446.75 09:41
repost
<NihabaAshi>  Shorts ER2 @ 815.90 -> small size
<Brutus>  Exited ES Long @ 1447 --> + 0.25 «« paper »» 09:44
<NihabaAshi>  Covered ER2 Short @ 816.90 --> - 1 09:46

Reverse and Enter Long ER2 @ 816.90
<Brutus>  Long ES @ 1447.5 «« paper »»
<eminitrader>  Exited 1/3 ES Long @ 1447.75 --> + 1 09:48
<Brutus>  Exited 1/2 ES Long @ 1448 --> + 0.5 «« paper »» 09:50
<NihabaAshi>  Exited all ER2 Long @ 817.10 --> + 0.2 09:51
<eminitrader>  Exited 1/3 ES Long @ 1447.75 --> + 1
<RussellDaytrade>  Shorts ER2 @ 816.9 -> Add «« paper »»
<Brutus>  Exited 1/4 ES Long @ 1448.25 --> + 0.75 «« paper »» 09:52
Exited all ES Long @ 1447.75 --> + 0.25 «« paper »» 09:53
* Nana_CO ----[ shorts ER2 @ 17.3 ]----
<jperl> ER2 peak volume 817.009:54
VWAP 816.1809:55
<Brutus> Looks like another trendless day09:57
<NihabaAshi>  Shorts ER2 @ 816.80 -> small size 10:00
<jperl> ER2 in the oscillation region....10:05

the region between VWAP and the peak volume
<NihabaAshi>  Covered ER2 Short @ 817.30 -> -0.50 10:07
Shorts ER2 @ 817.50 -> small size 10:14
<eminitrader>  Exited Remainder ES Long @ 1448.75 --> + 2 10:19
   
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   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) 
  
<pat255> vn em ..was suspect of L...dang...
<NihabaAshi>  Covered ER2 Short @ 817.70 --> - 0.2 10:20

Reverse and Enter Long ER2 @ 817.70
<eminitrader> :))
<pat255> I think too much ..not good..:(
<eminitrader> have a set-up ...just think of ur stop and GOOOOOOOOOOOOOO10:21
<pat255> yes ....ty
* codehead_afk is now known as codehead
<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)10:22
<Brutus>  sell limit to enter short ES @ 1449.75 «« paper »»
<NihabaAshi> There's a resistance zone up here and I couldn't see it until now :(

Hopefully, ER2 can punch through it to test 818.20
<pat255> yes niha 818 is the R area on er10:23
<Nana_CO> 18.1 is also the .786 retracment of Apr3 high (19.6)to yesterday's low (12.6) a possible seed wave.10:27
<jperl> ER2 peak volume now 817.6010:28
<pat255> prolly lot of stops there if shoots above ...squeeze a bit10:29
<Nana_CO> ty, jperl
<jperl> yw
<Brutus> 1030/1430 Mar 30 US Energy Dept Natural Gas Stocks
<eminitrader> charts favor a b/o on both the ES and ER2 ...but given its a pre-holiday may hold off until mon10:30
<NihabaAshi>  Exited all ER2 Long @ 817.70 --> 0
<Brutus> thinking the same EMT
<pat255> yes em ..
<NihabaAshi> May get lucky and get Long at a lower price before it attempts to go above the s/r zone.10:31
<eminitrader> but we never knoe B...personally prefer a b/o either way on heavy vol
<RussellDaytrade> mkt may get a gaffing tom am off the report, i'm thinking it may spike dramatically pre-open
<NihabaAshi> :(
<eminitrader> hows the vol on ER ..is it normal10:32
<Brutus> cu tomorrow RD
<RussellDaytrade> feels light
<eminitrader> k thx
<Brutus> mkts closed friday
<pat255> yes10:33
<eminitrader> stocks ..but globex open for some time
<NihabaAshi>  Long ER2 @ 818.10 -> small size
<Brutus> till 1130?
<eminitrader> or 10:30 est i think10:34
<RussellDaytrade> volume on all indices has declined lightly and steadily as prices have risen off the bottom of earlt March...closed tom?? didn't know that,why for?
<eminitrader> dont care personally abt tomorow...its a long wkend for me :)
<Brutus> Friday, April 6, 2007 - Good Friday10:36

CME Equity Indexes close at 8:15 a.m.

CST I think
<eminitrader> shl be abt right thats 10 15 est10:37
<NihabaAshi>  Long ER2 @ 817.70 -> Add

2 contracts now.
<Brutus> only 1 hr dif right CST to EST
<eminitrader> yep ur right ...my bad ..thght10:38
<Brutus> Friday 0830/1230 Mar Non-farm Payrolls10:39
So still has 45 mins to react to the data
<eminitrader> yeah ...but i dbt there will be eng traders to make it move much10:40
<RussellDaytrade> EM, i smell a trap on that report. :) thin trade or not, still a trap, and at the moment, more inclined to think it'll be a gaffing to the upside.10:42
<Brutus> I think they will position the market for Monday
<eminitrader> :))
<NihabaAshi>  Exited ER2 Long @ 817.10 --> - 1

Reverse and Enter Short ER2 @ 817.10
<jperl> ER@ VWAP 816.6110:43
ER2
<pdays> Emni...lowest vol in 1st 60 min since 12/2310:44
<eminitrader> wow ...thx pdays
<NihabaAshi>  Shorts ER2 @ 817.60 -> small size 10:54

That's an ADD...not a new position.
<jperl> I'm giving up on this day.....not much promise.....11:01
http://charts.dacharts.com/2007-04-05/JP ERL_013.png
<pat255> looks like jp
<jperl> see you all next week
<NihabaAshi> Nothing surprising about today's price action...its as expected.11:10
<pat255> yup11:11
k guys c u all later ty all..11:12
waste of time here it seems ..
es 2.5 pt range
& i remember dont S a dull mkt11:13
<NihabaAshi>  exit stop lowered ER2 @ 818.00 11:16

Gotta step away from the computer...be back in a little bit...11:17

Will post late trade result after I return if my stop is hit at that s/r zone.
* NihabaAshi is now known as NihabaAshi_away
* NihabaAshi_away is now known as NihabaAshi11:30
<NihabaAshi>  Covered 1/2 ER2 Short @ 816.90 --> + 0.7
Covered Remainder ER2 Short @ 817.00 --> + 0.1
<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)11:34
<Brutus>  Shorts ES @ 1449.75 «« paper »» 11:36
exit stop set ES @ 1450.75 «« paper »» 11:37
<NihabaAshi>  Shorts ER2 @ 816.70 -> small size 11:38
<RussellDaytrade>  Covered 1/2 ER2 Short @ 816.6 --> + 0.3 «« paper »»
<Brutus> target 1444.75
<NihabaAshi>  Covered ER2 Short @ 817.00 --> - 0.3 11:43
Reverse and Enter Long ER2 @ 817.00
Long ER2 @ 817.10 -> Add 11:44
<Brutus>  exit stop set ES @ 1450 «« paper »» 11:45

Covered all ES Short @ 1450 --> - 0.25 «« paper »» 11:53
  
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<NihabaAshi>  Exited 1/2 ER2 Long @ 817.50 --> + 0.4 11:56
Exited Remainder ER2 Long @ 817.80 --> + 0.8 11:58
We're back in the s/r zone again.12:00
Shorts ER2 @ 818.30 -> small size 12:01
Covered ER2 Short @ 818.70 --> - 0.4
Reverse and Enter Long ER2 @ 818.70
Exited ER2 Long @ 818.50 --> - 0.2 12:03
Reverse and Enter Short ER2 @ 818.50
Covered ER2 Short @ 818.30 --> + 0.2 12:09
Shorts ER2 @ 818.40 -> small size 12:34
2 contracts
Covered 1/2 ER2 Short @ 818.20 --> + 0.2 12:35
Covered Remainder ER2 Short @ 818.10 --> + 0.3 12:44
I think I'm going to stay way from this s/r zone until some volatility shows up.
Be back later.
* NihabaAshi is now known as NihabaAshi_away12:45
<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)12:46
* NihabaAshi_away is now known as NihabaAshi13:18
<NihabaAshi> Back withing that s/r zone again.13:28
<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)13:58
<NihabaAshi>  Long ER2 @ 818.80 -> small size 14:17
Long ER2 @ 818.40 -> Add 14:22
<Dmi76>  Long ER2 @ 818.9 14:29
<NihabaAshi>  Exited 1/3 ER2 Long @ 818.90 --> + 0.5
Exited 1/3 ER2 Long @ 819.20 --> + 0.4 14:31
Looks thin up here...tightning up my trailing stop.14:33
Exited Remainder ER2 Long @ 819.30 --> + 0.5 14:36
That trade got me profitable for the day :)14:37
I'm done so I can go into the holiday on a positive note :)
<Dmi76>  Exited all ER2 Long @ 818.9 --> 0 14:38
* Nana_CO ----[ shorts ER2 @ 19.4 ]----14:58
----[ covers ER2 @ 19.2 +.1, -2 ]----15:08
<Nana_CO> done for the day....gn all
<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)15:10
<Brutus> CUL8R have a good holiday15:51
<AmazingJason> later guys, very slow day15:52
<RussellDaytrade> sweet move down, net pos on day, even after partially closing short too early, still short one.16:11
* Fleneer2 is now known as Fleneer16:16
<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)16:22
* DisconnectedSession Close: Thu Apr 05 16:42:49 200716:42
  
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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

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