 |
 |
 |
 |
 |
| April Trade Log | Trade Strategies | Discussion Forum | Music While Trading | Testimonials | Disclaimer |
#FuturesTrades
April 20th Friday 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
Audio
One Size Fits All...Not!
There are many different types of market conditions and I strongly believe that most traders try to apply the same method with the same position size regardless to the type of market condition (I'm not talking about bullish or bearish markets).
These types of traders are at a disadvantage and few are profitable with such a one size fits all approach.
Therefore, I'm a strong believer in position size management, volatility analysis, market seasonal cycles, intraday tendencies to be able to exploit the fact that today's market is different than next week's market or that we don't trade the same way every day for whatever reason.
Further, for several years now at different discussion forums I've given many simple examples of how to use the above as an edge.
As for my own trading, I reached my goals (I'm not talking about profits) for the day as I have been doing all week.
Commentary by M.A. Perry (a.k.a. NihabaAshi)
intradaystrategies@yahoo.comNote: I'm currently exclusively trading the Russell 2000 Emini ER2 futures even though my strategies are applicable and profitable on all the trading instruments listed towards the bottom of this webpage along with my past trade journals showing consistent profits in other trading instruments prior to exclusively trading ER2.
Further, I can switch and trade any trading instrument that's listed below at the bottom of this webpage for any trader that request such mainly because I do a lot of intermarket analysis while trading ER2.
However, if you want to see up-to-date pattern signals in other trading instruments...click here.
Session Start: Fri Apr 20 09:31:00 2007Session Ident: #futurestrades * Now talking in #futurestrades 09:31 <X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm <PapaJon> oh.. i know why... <markss> why <PapaJon> is my wife and I aniversary this weekend... :)) <markss> LOL <Chilly> also Asian markets made a comeback <PapaJon> and.. well.. i guess I am feeling bullish.. hehe <NihabaAshi> Long ER2 @ 831.80 -> large size 09:32 <Brutus> Long ES @ 1489.5 «« paper »» <NihabaAshi> I wish this hadn't gapped up so high at the Open :( 09:33 <Brutus> exit stop set ES @ 1489 «« paper »» Exited 1/2 ES Long @ 1492 --> + 2.5 «« paper »» 09:34 <NihabaAshi> Exited 2/3 ER2 Long @ 833.10 --> + 1.3 09:35 <venedom> n1 <NihabaAshi> Exited Remainder ER2 Long @ 832.30 --> + 0.5 <markss> nice trade 09:36 <Brutus> Exited all ES Long @ 1491.25 --> + 1.75 «« paper »» <szubaark> Buys NQ @ 1866.50 «« paper »» 09:49 <NihabaAshi> Shorts ER2 @ 833.40 -> small size 09:50 Poor trade...I'm trying to bail out :( 09:51 Covered all ER2 Short @ 833.00 --> + 0.4 09:52 Trading Edge: 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) <markss> at almost 8 to 1 up/down volume to the upside that was probably smart even though your trade is working 09:53 <Brutus> Long ES @ 1489.25 «« paper »» <szubaark> Exited all Long NQ at 1861.50 --> - 5 «« paper »» 09:54 <Brutus> Exited all ES Long @ 1489 --> - 0.25 «« paper »» <NihabaAshi> Yeah...it was an "intuition trade" and the price action is too bullish for such. 09:55 Thus, it was also a counter-trend trade. <szubaark> Shorts NQ @ 1862.50 «« paper »» 09:56 <Brutus> Long ES @ 1489.75 «« paper »» 09:57 <RussellDaytrade> looks like a sell to me 09:58 826.1 hours hence 09:59 <markss> there has been no pull back at all in the $vold upvol minus down volume 10:03 <szubaark> doesnt look Bullish anymore <Brutus> was about to add :( 10:04 <NihabaAshi> Shorts ER2 @ 831.50 -> small size 10:05 1 contract only <szubaark> Overnight sure looked Bullish :)) 10:06 exit stop set NQ @ 1862.50 «« paper »» 10:07 <NihabaAshi> Volatility is now contracting...expecting a volatility spike here soon. 10:08 <Brutus> Exited all ES Long @ 1488.75 --> - 1 «« paper »» 10:09 thats a add Long ES @ 1489.75 «« paper »» Long ES @ 1488.75 -> Add «« paper »» <NihabaAshi> Not much of a spike but still a valid spike. 10:10 <markss> the up/down volume continues to rise on this pullback down, just in case anyone is interested, so hard for me to 10:11 make a move to downside even though I was tempted to short the market <NihabaAshi> Covered ER2 Short @ 831.40 --> + 0.1 <szubaark> No Econ Reports reminder of day.. should be Fum <NihabaAshi> szubaark...there are two FED speeches today the market will be watching... 10:12 <asuni> at what time? <NihabaAshi> 12pm noon and another at 12:15pm est <Brutus> 1200/1600 Tsy Secy Paulson speaks on China policy in New York 1215/1615 Fed Gov Mishkin gives the keynote speech at <NihabaAshi> Tresury Secretary Paulson speaks at 12noon est and Fed Governor Mishkin speaks at 12:15pm est. 10:13 Thus, I'm going remain on the sidelines until around 11:45pm est. 10:14 <asuni> can u write the link? in mine there are no speeches <NihabaAshi> Until then...I'm expecting WRB's to be retraced easily and possibly some tight trading ranges on low volatility. http://www.forexfactory.com/index.php?pa ge=calendar That calendar catches what my other calendar "forgets"... 10:15 http://fidweek.econoday.com/calendar/US/ EN/New_York/year/2007/month/04/day/20/da ily/index.html <pat255> looks like er gonna shoot up.. 10:19 <markss> NihabaAshi did you take your short trade at 10:06 to go back and fill in the last WRB if you dont mind me asking, new to the room so not sure to ask or not 10:20 <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) 10:23 <szubaark> Covered all Short NQ at 1861.25 --> + 1.25 «« paper »» 10:24 Buys NQ @ 1861.25 «« paper »» 10:25 <Brutus> exit stop set ES @ 1488.25 «« paper »» 10:31 <NihabaAshi> Also, today is normal Options Expiration day... 10:33 I'm not sure if that has any impact on the market today. In the past before the Quadruple Witching became known...Mon - Weds on a Options Expiration friday were the real trading days. 10:34 <szubaark> Exited all Long NQ at 1859.50 --> - 1.75 «« paper »» 10:40 Shorts NQ @ 1859.50 «« paper »» <Brutus> Exited all ES Long @ 1488.25 --> - 2 «« paper »» <NihabaAshi> Looks like a lot of traders was looking for a GAP fill in the first hour of trading. 10:41 In my opionion (no facts to back it up)...the best GAP fills occurs after 1030am est...after everybody has gotten use to the fact its not going to fill. Reason why on trading days like today...if I'm short... 10:42 <pat255> god point but this move up & last 2 days doubt it will fill <NihabaAshi> I trade normal but if volatility picks up in my direction... I will stay in the trade much longer (beyond my first profit targets) to see if I caught a possible Gap fill. 10:43 <markss> thanks for that post NihabaAshi <NihabaAshi> pat...agree...for this thing to fill its gap...its going to need a reaction to a schedule market event. 10:44 Maybe those speeches will be a trigger. <pat255> yes niha ... <szubaark> Covered all Short NQ at 1859.75 --> - 0.25 «« paper »» 10:48 <RussellDaytrade> recalculated target is 825.72 10:50 <NihabaAshi> Be back later...don't want to get too tired watching this low volatility price action. 10:59 * NihabaAshi is now known as NihabaAshi_away <RussellDaytrade> covered a couple 11:23 <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) 11:35 * codehead_afk is now known as codehead 11:58 * NihabaAshi_away is now known as NihabaAshi 12:17 <NihabaAshi> Shorts ER2 @ 830.50 -> small size 12:21 Covered 1/2 ER2 Short @ 829.80 --> + 0.7 12:26 <pat255> vn niha .. <NihabaAshi> May get lucky and this price movement develops into an attempt at a "Gap Fill". 12:27 <pat255> ty guys c u all l ater back to office 12:32 Sponsor: <NihabaAshi> Normally I would cover my remainder at this WRB @ 828.60 12:36 However, that big upside GAP is too tempting. Thus, I'm staying in the trade for a possible GAP fill. 12:37 exit stop lowered ER2 @ 830.20 <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) 12:47 <NihabaAshi> Covered Remainder ER2 Short @ 830.00 --> + 0.5 13:19 <markss> another winner very nice 13:20 <NihabaAshi> That gap fill wasn't meant to be but a good risk trade for such :) 13:21 Thanks markss...still some time remaining in the trading day... May get a second chance. <markss> yes some of the hardest things about trading is that from 9:35 until 12:35 there was obviously sellers and yet the up/down volume was 7 to 1 to the upside for the first hour 13:27 yet somewhere in that first hour the larger players were getting short at the tops it is so hard to see it happening when you get such a large upside on the up/down volume ratio and then towards the lows here the larger players again are going long on the downmoves setting themselves up for this up move 13:28 for a nice stop run up 13:29 so hard to see in real time its seems like large players use the WRBs to change or reverse their positioning as an example the public is buying into those climatic bars while the large players are selling into these 13:36 that is what I am looking to learn here how they are going about doing this so any comments or observations are appreciated 13:37 also on the last wave of a selling trend the bigs are buying into those lows also to set themselves up for the next trend up 13:38 so looking to learn how they are going about that <NihabaAshi> ER2 tested the WRB S/R Zone of that WRB that closed at 1221pm est 13:42 <markss> Niha waht time frame WRB are you refering too a 5 min? 13:44 refering to never mind I firured it out thanks 13:45 figured it out <Brutus> Marks you are asking for the grail of trading. If you could see that you would have every turn, right? <NihabaAshi> markss...the 3min chart 13:48 <markss> Brutus you are correct on that, but I dont think there is a difinite answer I realize that, but if we put ideas together it may give us some small hints and any edge I can get I wil take for example if you look at the market trend, usually the last run on the trend the volume will subside and that is one small hint for me 13:49 the volume will subside to the downside on the last run into the turn also for example at the begining of a trend the large players will be on board on small volume not showing their 13:50 hand to the public then the public joins in WRBs start to happen and then the market reverses those bars and takes out the late public buyers 13:51 then continues the trend in the right direction with the large traders on board and the public left at the behind so looking for any ideas that someone may have experienced in their trading careers that they may have experienced to help see those set ups 13:52 <Brutus> Yes I watch volume closely as well. Prints at bid/ask, DU volume and block trades <markss> WRB help tremendously because we know that big hands are changin hands with the public 13:53 Thanks Brutus, I agree <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) 13:56 <markss> what just happened in the es is a perfect example of what I just said, on a 3 min chart we had a WRB at 1:18 eastern time, the stops got run the public tried to jump on board and the market tries to take out those late entries here 13:59 to stop them out one thing that I really watch is a 34 ema and a 34 sma, those are the only mas I watch but they act as great S&R areas as well and when they break through those they can break hard and find support as just happened 14:04 I trade the es though not the er 14:05 so dont know if they work as good on the er but great on the es <RussellDaytrade> i expect it to climb into 832.4 by 12:51 mnt, and then drop into 829.56...i am, for the first time, projecting not one, but two moves ahead. :) 14:20 <markss> Russel may I ask how you are projecting that high in the Russel? 14:22 <RussellDaytrade> the move to 825.72 manifested to .72% fulfillment, offering 6.2 out of 8.5, good enuf. i base it upon its own trading price action 14:23 correction to above, target achieved 72% of projection, not .72% 14:25 <markss> well thank you for the explaination Russell, not sure I understand it but thanks for trying 14:31 http://charthub.com/images/2007/04/20/Un titled_12_3 14:32 Here is a chart of what I was mentioning earlier there are three moves to the downside shown by the red lines 14:33 the last move down shown on the maket delta the momentum stays level while the market heads down also the purple line is the up/vol minus the down vol they both stay level while the market moves down 14:34 then the WRB happens and the big players change hands on that last push down and up we go after the fact is easy to see while it happens is much harder 14:35 the last push down is show on the time flags at 12:118 to 12:33 <RussellDaytrade> ah, thats nice...early, thats ok, I like it best when its right on the button. 14:38 <markss> just was watching Russel excellent Russell I noticed that its a 72% retracement from the high to the low, at you mark is that what you meant 14:41 retracement back up <RussellDaytrade> was in shoer...no, what I meant was my expectation for a move down was fulfilled to approx 72% of my expectations...not great, but satifactory..got the direction correct, and the extent, for the most part.... 14:53 <markss> Thanks Russell appreciate it <RussellDaytrade> at 12:51, the er traded at 832.4...close a fkn nuff, with a little luck, the second piece will also fulfill...but thats what makes it fun, the element of the 'unknown'. 14:55 <markss> amazing 3 to 1 up volume and more all day long and the market sells off and cant even get back up to its high of the day 15:01 yet The trin not helping on this up move and the add and vix barely helping 15:03 Banks retraced exactly 50% of the days move so pretty weak there as well 15:04 also lower highs on the banks sector 15:05 <NihabaAshi> Shorts ER2 @ 832.60 -> small size 1 contract only 15:06 <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) 15:08 <NihabaAshi> Although its a nice looking WRB...my entry only gives me about a 2 tick shallow profit :( 15:18 Covered ER2 Short @ 832.40 --> + 0.2 15:19 <markss> you still made money and didnt loose anything so congrats <NihabaAshi> Yep...by the way, trade was via the 2min chart. 15:20 <markss> ok Sponsor: <RussellDaytrade> t raised to 830.23, or therabouts 15:23 <NihabaAshi> Reminder: At the end of April...I'm going to put the password back in #FuturesTrades. Simply, only registered members will be able to get in here. <RussellDaytrade> in another 15 or so...with a little luck, :), my secret ally 15:24 <NihabaAshi> Anybody in here trade either NYMEX futures CL, QM or the exchange traded funds OIH or XLE? 15:25 They've been producing some nice profits via Shorts in the first hour of trading the past several trading days. 15:26 Except for today for CL and QM :) 15:27 <markss> interesting <RussellDaytrade> btw markss, do not trade off my market projections...I am often early, and experience price adversity, etc...I enjoy making projections to continually sharpen my skills, and, because I am accurate with high %'s and correlations. 15:28 <markss> Russell no worries there my friend, i dont trade off anyones signals, I am a student of the market and always looking to learn new things 15:29 so appreciate the posts and ideas but have my own methods thanks for the heads up though <RussellDaytrade> I figured as much, more a word to the wise, etc, glad to hear it, same here. 15:30 <werner> gn all 15:51 <markss> Well, have a great weekend all, see everyone Monday 16:15 <Brutus> cul8r have a good weekend 16:19 <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) 16:20 <NihabaAshi> Take care all and have a nice weekend. 16:34 * DisconnectedSession Close: Fri Apr 20 16:43:04 2007 16:43
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.
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:
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
"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.