Home

 

About Us

   

Sitemap

 

Contact

 

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

#FuturesTrades April 11th 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
+27.40 +64.50 +1007.40
$2,740 $6,450 $100,740

FED Chairman Bernanke Speech and FOMC Minutes Meeting   

Profit/Loss Statement

One of the keys to profitable trading is to understand the price action and one of the best ways to understand the price action is to learn about what causes the volatility.

Volatility Analysis should give you a list of usual culprits and today one of those culprits is the Fed Chairman.

Simply, keep a detailed schedule on your desk when Chairman Bernanke is speaking or any of the other Board members are speaking and wait to see if any of your favorite pattern signals appears.

Knowing when this particular type of volatility will appear will give you 1-3 big profitable trading days per month along with giving you clues when to add to a profitable position as shown in the chat log below.

Key news of 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: Wed Apr 11 09:30:02 2007Session Ident: #futurestrades
* Now talking in #futurestrades09:30
<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<NihabaAshi> I have a BEARISH bias at the open.

Shorts ER2 @ 819.00 -> large size 09:31
<WannaBeBOS> good entry niha09:32
<RussellDaytrade>  Covered all ER2 Short @ 818.2 --> + 1.5 paper 09:34
<jperl> ER2 1 week VWAP 817.76
<NihabaAshi>  Covered 1/2 ER2 Short @ 818.00 --> + 1 09:35
<Brutus>  Long ES @ 1456 paper
<AmazingJason>  Long ER2 @ 818.50 09:36
* Nana_CO ----[ Covers ER2 @ 817.8 +1.5 flat ]----
<AmazingJason>  Long ER2 @ 817.8 -> Add 09:37
<jperl> ER2 pausing at 1 week VWAP09:38
<eminitrader>  Shorts ES @ 1456.25
<Brutus>  Long ES @ 1455 -> Add paper 09:40
<AmazingJason>  Exited all ER2 Long @ 816.90 --> - 2.5 09:41
<NihabaAshi>  Covered ER2 Short @ 817.00 --> + 2 09:46
<jperl> ER2 peak volume 817.20
<NihabaAshi> Holding 2 contracts
Covered ER2 Short @ 815.90 --> + 3.1 09:48
<Brutus>  Long ES @ 1453.5 -> Add paper
<NihabaAshi> Holding 1 contract for a possible "low probability" trend development.
<eminitrader>  Covered 1/2 ES Short @ 1453.75 --> + 2.5 09:49
   
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) 
  
<szubaark>  Buys NQ @ 1824 paper 09:50
exit stop set NQ @ 1821 paper 09:52
<jperl> ER2 peak volume now 816.3010:00

VWAP 817.4010:01
<Brutus>  Exited all ES Long @ 1455 --> + 0.5 paper
<RussellDaytrade> up targets on
<Brutus> u not buying RD?10:03
<RussellDaytrade>  Long ER2 @ 816.5 paper
<eminitrader> :))10:04
<RussellDaytrade> not as strongly inclined to the longside B, actually waitng for a bounce to sell into

Exited all ER2 Long @ 816 --> - 0.5 paper 10:05
<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)10:07
<RussellDaytrade> possible 818.5 if this can hold without having another bout of queasiness

Long ER2 @ 816.6 paper 10:10

Exited all ER2 Long @ 816.3 --> - 0.3 paper
<szubaark>  Exited all Long NQ at 1824 --> 0 paper 10:11
<jperl> Market appears to be waiting for the EIA numbers10:12
<NihabaAshi> If this turns into a trend day (low probability)...my 1-2 window analysis for such after the Easter Holiday was one day off :(10:14
<Brutus> 1400/1800 Mar FOMC minutes10:15
<jperl> Interesting seeing pictures from the NYME.....10:16
traders just standing around waiting
<eminitrader> nice call szu10:19
<szubaark> thx10:20
<NihabaAshi> Volatility was low until that volatility spike a minute ago.
<RussellDaytrade> yesterday, i said 814.13, THAT is a nice call!
<eminitrader> didn't wait to get stopped out ...rather proactive reading the flow ...way to go
<NihabaAshi> Not sure if it will develop into anything especailly with the pending 1030am est EIA Petroleum Status Report just waiting to bring in "more volatility".10:21
<eminitrader> es hovering near yest low ...will prolly see a bounce here

Covered 1/3 ES Short @ 1452.25 --> + 4 10:22

holding 3
<NihabaAshi> Wish I had 3 remainders right now instead of just one contract remainder.10:23
<eminitrader> u had a very good entry niha ...dont think it will come back there ...at least today ...prolly get a tenner on that one :)10:27
<NihabaAshi> I was looking for a 10er yesterday and I had a good size for such.10:28
Today I was on the light side of a large position...
<eminitrader> happens
<NihabaAshi> Reason why I only have one remainder instead of 3-4 contract remainders.10:29
<AmazingJason>  Long ER2 @ 813.60 10:30
<pdays> Number out
<NihabaAshi> Oil Index, futures and ETF's powering upwards.10:32

EuroFX EC and EurUsd not impress so far :)10:34

They look bored.
<eminitrader> er2 showing a srtong downtrend as compared to es/nq10:37
<NihabaAshi> ER2 is feeling guilty after kicking my butt on Monday...
<eminitrader> he he he10:38
<NihabaAshi> It's giving me some easy opportunities yesterday and today.
<AmazingJason>  Exited all ER2 Long @ 812.8 --> - 0.8 10:44
<Nana_CO> ER to fill gap from Apr3?10:48
<NihabaAshi> It has the volatility now for such...if it's going to do it...today's the day for such.
<eminitrader>  Covered 1/3 ES Short @ 1449.25 --> + 7 10:49

holding 2
<NihabaAshi> Nice
<eminitrader> thx niha
<NihabaAshi> Starting to look like you've been hanging out with Jazz.
<Nana_CO> If so would also be 23% retracement of the low from Mar 5
<eminitrader> jazz ?
<PapaJon> Jazz .. used to visit here... is awesome trader10:50
<NihabaAshi> The guy (former member) that ritually made 5 to 10 point trading day's in ES.
<eminitrader> k thx pj

wish i cld do that consistantly10:51

my avg is 3 pts this yr..on a daily basis i mean10:52
<NihabaAshi> We're now in the s/r zone of that April 3rd GAP.10:54
<eminitrader> Es gao is 1433 ...long way to go10:55
<NihabaAshi> Geesh...that volatility spike a minute ago pushed through several price levels like a hot knife in butter.10:56
Had Oil not made that push upwards...10:58
There would have been more of a "Flight to Quality" in Treasury Futures.10:59
<jperl> this mornings trades....11:05

http://charts.dacharts.com/2007-04-11/JP ERL_017.png11:06
<NihabaAshi> FED Alerts Today: 1pm est Fed Chairman Bernanke Speaks and 2pm est FOMC Minutes Meeting11:18
<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)11:19
<NihabaAshi> Welcome back Venedom11:21
:)
<venedom> ty gm everyone
* codehead_afk is now known as codehead11:28
<RussellDaytrade> built and sold long positions, now flat, up 280 less comm11:52
* Looking up thn user info...11:53
<NihabaAshi> I see the counter-thrust upwards weakening around 813.5011:55
<RussellDaytrade> 818.8611:56
<eminitrader> 816.50 max for today....for this trend to hold ...dont see price break thru that level as of now11:57

prolly see a pullback 814-815.30 level11:58
<jperl> ER2 VWAP 814.08
<RussellDaytrade> as it climbs farther, if it climbs farther, the probabilities of full up targets fullfilling increase.11:59
<Nana_CO> thanks, jperl...much appreciated :)
<jperl> yw
<eminitrader> as per my read 816.50 is considered normal ...now breaking that wld make me think brefore selling again12:00
only a bernarke splke wld do that today...if at all12:01
<RussellDaytrade> great short signal yesterday when mkt didn't gain traction on that BO
<eminitrader> bottom line - never know ..just go with the moment12:02
<RussellDaytrade> yes, i'm expecting that my target projections will fulfill off the back of the mkt reaction to burnwanke
<Brutus>  Shorts ES @ 1451.5 paper 12:04
<eminitrader>  Shorts ES @ 1451.50 -> Add 12:09

will add a 3 lot 52.75 if it gets there..12:10

be back t1 for this lot 49.5012:14
<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)12:31
<pat255> hi all...12:52

@office these days ..:( dang seminars etc
<Brutus>  Covered all ES Short @ 1451.5 --> 0 paper 12:56
<eminitrader>  Covered all ES Short @ 1452.25 --> + 3.25 13:09
<pat255> hi em u da man...
<Brutus>  Shorts ES @ 1453.5 paper 13:10
<eminitrader> thx...sorry u missed that trade pat
<pat255> yes em @office these days ...:(

wish they could just send mucheck very 2 weeks & I trade from home .lol
<Brutus>  exit stop set ES @ 1455 paper 13:12
<eminitrader> :)
<RussellDaytrade> setting up nicely for an acceleration into my targets13:13
<Brutus>  exit stop set ES @ 1453.75 paper 13:30
<pat255> 22 minutes til FOMC minutes13:38
<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)13:43
<jperl> ER2 @ 1st StdDev of VWAP 816.3713:45
<Brutus>  cancelled all open stop orders paper 13:47

Will wait for FOMC
<NihabaAshi>  Short ER2 ADD @ 815.40 -> small size (2 contracts) 13:55
<pat255> niha report coming ..
<NihabaAshi> Yep...worth the risk due to the increasing volatility.
<pat255> & niha takes a position ..

k... but u are right ..13:56
<NihabaAshi> Easier to reverse a loser when I'm wrong in comparison to low volatility price action.
<pat255> i c good point ..
<NihabaAshi>  Covered ER2 ADD @ 815.00 -> +0.40
<Brutus>  Covered all ES Short @ 1451.25 --> + 2.25 paper
<NihabaAshi> Still holding my 1 contract remainder from the original Short position.
  
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>  Long ES @ 1451.50 13:59

Exited all ES Long @ 1450.50 --> - 1 14:00
<Brutus>  Long ES @ 1449.25 paper
<eminitrader> that was fast
<NihabaAshi>  Short ER2 ADD @ 813.70 -> small size (2 contracts)
<Brutus>  exit stop set ES @ 1448 paper 14:01
<RussellDaytrade>  Long ER2 @ 813.6 paper
<Brutus>  Exited all ES Long @ 1448 --> - 1.25 paper
<eminitrader>  Long ES @ 1448
Exited 1/2 ES Long @ 1450 --> + 2 14:02
fast or what
<NihabaAshi>  Covered ER2 ADD @ 812.50 -> +1.20 14:04

Still holding the original remainder position.

I expected more follow-through below but it spooked me out early with the weird jumpy price action.14:05
<eminitrader>  Exited 1/3 ES Long @ 1449.50 --> + 1.5
Exited ES Long @ 1448 --> 0 14:07
Reverse and Enter Short ES @ 1448
looks like a bit early on this sell14:09
Covered all ES Short @ 1448 --> 0 14:11
<NihabaAshi> Had it not been for that counter-upthrust price action prior to the recent drop...14:16
<Brutus>  Long ES @ 1447.5 paper
<NihabaAshi> I would have easily reached my 809.60 WRB pt level for the remaining contract.
<Brutus>  exit stop set ES @ 1446 paper 14:18
<NihabaAshi> There's some support here at current price levels.14:19
<jperl> ER2 peak volume now 811.8014:22
<Brutus>  Exited all ES Long @ 1446 --> - 1.5 paper 14:35
<NihabaAshi>  Covered Remainder ER2 Short @ 808.90 --> + 10.1 14:45
<eminitrader> nice one :))
<pat255> gl vvn niha ...
<asuni> great niha :-)
<NihabaAshi> Thanks and I'm done for the day.14:46
Just found out spouse is going out for the evening with her girlfriends...leaving me to take care of the toddler and infant till 11pm.
See all later...going to get some extra rest.14:47
<eminitrader> well u have fun ..
* NihabaAshi is now known as NihabaAshi_away
  
Sponsor:

Skype  

  
<pat255> niha read the fomc meetings right ..so many times ..
<eminitrader> yep14:48
<pat255> lot of folks stand aside on fomc niha makes money lol14:51
<jperl> done for the day.....trades here...15:12

http://charts.dacharts.com/2007-04-11/JP ERL_018.png
<RussellDaytrade>  Exited all ER2 Long @ 812.2 --> - 1.4 paper 15:28
<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)16:04
<WannaBeBOS> nice trading today niha16:05
* DisconnectedSession Close: Wed Apr 11 16:45:35 200716:45
  

 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.