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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.
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| Session Start: Thu Apr 05 09:24:16 2007Session Ident: #futurestrades |
* Now | talking in #futurestrades | 09:24 |
<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 closed | 09:26 |
<asuni> | gm all |
| big move eurofx | 09:27 |
<Brutus> | Shorts ES @ 1446.75 «« paper »» | 09:36 |
<jperl> | ER2 yesterday's VWAP 815.66 |
<Brutus> | Shorts ES @ 1446.75 «« paper »» |
| oops, just once | 09:37 |
<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 817.0 | 09:54 |
| VWAP 816.18 | 09:55 |
<Brutus> | Looks like another trendless day | 09:57 |
<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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<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 GOOOOOOOOOOOOOO | 10:21 |
<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 er | 10:23 |
<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 817.60 | 10:28 |
<pat255> | prolly lot of stops there if shoots above ...squeeze a bit | 10:29 |
<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 mon | 10:30 |
<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 normal | 10:32 |
<Brutus> | cu tomorrow RD |
<RussellDaytrade> | feels light |
<eminitrader> | k thx |
<Brutus> | mkts closed friday |
<pat255> | yes | 10:33 |
<eminitrader> | stocks ..but globex open for some time |
<NihabaAshi> | Long ER2 @ 818.10 -> small size |
<Brutus> | till 1130? |
<eminitrader> | or 10:30 est i think | 10:34 |
<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 Friday | 10:36 |
| CME Equity Indexes close at 8:15 a.m. |
| CST I think |
<eminitrader> | shl be abt right thats 10 15 est | 10:37 |
<NihabaAshi> | Long ER2 @ 817.70 -> Add |
| 2 contracts now. |
<Brutus> | only 1 hr dif right CST to EST |
<eminitrader> | yep ur right ...my bad ..thght | 10:38 |
<Brutus> | Friday 0830/1230 Mar Non-farm Payrolls | 10:39 |
| So still has 45 mins to react to the data |
<eminitrader> | yeah ...but i dbt there will be eng traders to make it move much | 10:40 |
<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 816.61 | 10:43 |
| ER2 |
<pdays> | Emni...lowest vol in 1st 60 min since 12/23 | 10:44 |
<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> | yup | 11:11 |
| 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 mkt | 11:13 |
<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 NihabaAshi | 11:30 |
<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_away | 12:45 |
<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 NihabaAshi | 13:18 |
<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 holiday | 15:51 |
<AmazingJason> | later guys, very slow day | 15:52 |
<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 Fleneer | 16:16 |
<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 2007 | 16:42 |
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