May 26th Friday 2006 Trade Log
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Session Start: Fri May 26 09:30:54 2006Session Ident: #futurestrades * Now talking in #futurestrades 09:30 <X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm <NihabaAshi> Shorts ER2 @ 731.30 -> small size 09:32 I'm short but I have a bullish bias due to a market tendency to move higher just before Memorial Day holidays. <les> Shorts ER2 @ 731 «« paper »» 09:34 Covered 1/3 ER2 Short @ 730.6 --> + 0.4 «« paper »» Covered 1/3 ER2 Short @ 730.5 --> + 0.5 «« paper »» thats just one exit = posted the first wrong <NihabaAshi> Covered 2/3 ER2 Short @ 730.20 --> + 1.1 09:36 <les> Covered 1/3 ER2 Short @ 730.2 --> + 0.8 «« paper »» <pat255> gm all <les> exit stop set ER2 @ 730.9 «« paper »» Sponsor: <NihabaAshi> CNBC just report that the market tendency for a bullish (up day) is around 80%... My personal stats has it around 72% <pat255> nice start niha 09:37 <les> Trailing Stop Hit ER2 @ 730.9 --> + 0.1 «« paper »» <NihabaAshi> Covered Remainder ER2 Short @ 730.50 --> + 0.8 09:38 Once again...Oil Index price action helped me on the first trade of the morning. 09:39 Something I've been leaning heavily upon for trades before 0945am est. <szubaark> in what way? 09:40 <les> Long ER2 @ 730.7 «« paper »» 09:42 <pat255> L ym paper 241 out 45 looks down 09:44 @office :9 <les> Exited 1/3 ER2 Long @ 731.2 --> + 0.5 «« paper »» 09:45 <pat255> k guys later meeting..ty 09:46 <les> Exited 1/3 ER2 Long @ 731.5 --> + 0.8 «« paper »» 09:48 exit stop raised ER2 @ 730.8 «« paper »» Trailing Stop Hit ER2 @ 730.8 --> + 0.1 «« paper »» <szubaark> Shorts YM @ 11240 09:50 exit stop set YM @ 11255 09:53 <aym> Short es @ 1278 risk 2 09:55 <szubaark> Covered all YM Short @ 11255 --> - 15 10:01 :(( Shorts YM @ 11255 10:06 exit stop set YM @ 11275 10:07 Selling this ES triple top 10:09 <les> Shorts ER2 @ 729.2 «« paper »» 10:11 oops 10:20 i exited that a while back Covered all ER2 Short @ 730 --> - 0.8 «« paper »» Shorts ER2 @ 730.1 «« paper »» Covered 1/3 ER2 Short @ 729.6 --> + 0.5 «« paper »» 10:22 Covered 1/3 ER2 Short @ 729.1 --> + 1 «« paper »» 10:28 exit stop lowered ER2 @ 729.6 «« paper »» 10:29 Trailing Stop Hit ER2 @ 729.6 --> + 0.5 «« paper »» 10:30 Sponsor: <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) 10:34 <aym> cover es @ 1276 10:37 <NihabaAshi> 80% of the floor traders showed up for work today... 10:41 10% of those have already gone back home or started their Memorial Day vacation a little early. 10:42 #FuturesTrades Purpose -> No gurus here, no signal calling by a head trader and no intentions to educate. This room is being used as a realtime trade journal of trades (real money or simulator) and discussions. Do not mimic (shadow) the trades by others without their consent nor without private realtime consultation during such trades as stated at http://www.thestrategylab.com/FuturesTradesChatRoom.htm 10:46 <szubaark> Covered 1/2 YM Short @ 11235 --> + 20 10:47 exit stop moved to breakeven YM @ 11255 10:48 Globex Low buyers 10:49 Covered all YM Short @ 11255 --> 0 10:50 :(( too many Overnight Low buyers popped it up 10:52 too much risk to get into any trades 11:03 <NihabaAshi> Reminder -> Today's #FuturesTrades chat room trade log with trading tip/market insight are posted @ http://www.thestrategylab.com/RecentTrades.htm (logs will be updated tonight by 9pm est to current) 11:11 <szubaark> thanks for the logs Niha. 11:12 <NihabaAshi> :) 11:33 Long ER2 @ 732.20 -> small size 11:35 1 contract only and last trade of the day. Not looking for much on this because I missed my trade signal all the way back at 726.90 due to an important phone call :( 11:36 <szubaark> im done. 11:38 <NihabaAshi> Exited ER2 Long @ 732.30 --> + 0.1 :( Not a good feeling when I was bullish...waiting for a Long signal...then I miss the signal big time :( 11:40 Calling it a day...taking my small profits and will enjoy the holidays :) * NihabaAshi is now known as NihabaAshi_away <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) 11:46 <pdays> Shorts ER2 @ 731.4 «« paper »» 11:52 Covered all ER2 Short @ 730.9 --> + 0.5 «« paper »» 11:53 <codehead> short YM 11278 12:13 stop 11283 took 5 min ghost, but it's not following thru 12:16 taking too long 12:17 took +1, sucker shook when it tried to give up with =3 12:24 was going nowhere even with the signal continuing down 12:25 ER trying to zlr (down) on the 3 min 12:33 YM finally tryign to follow thru but potential for it to pop too 12:34 <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) 12:58 <codehead> dow finally gave up the level 13:10 * WannaBeBOS is now known as BOS-wunch 13:22 <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) 14:07 <szubaark> Long YM @ 11282 14:10 exit stop set YM @ 11270 14:12 looking for next push up <codehead> wow strong cci on ES 14:22 <szubaark> Exited 1/2 YM Long @ 11291 --> + 9 14:24 exit stop moved to breakeven YM @ 11282 <codehead> nice 14:25 <szubaark> code note we havent been below 0 line for no more then 3-4 5 minute candles=Go Long! <codehead> ya 14:26 mostly trading stocks past two days ER snaking around the zero line, but ES been above the 100 for a long time <szubaark> code u use CCI on stocks? 14:27 Exited all YM Long @ 11282 --> 0 <codehead> sometimes on stocks... sometimes for confirmation about *when* to enter 14:28 <szubaark> Shorts YM @ 11282 exit stop set YM @ 11295 14:30 code see that Ghost on 5min ES? 14:32 <codehead> yes 14:33 <substanz> Shorts NQ @ 11289 sorry YM <codehead> yes 14:34 <szubaark> im hoping Longs start dumping taking profit Before the long weekend. 14:37 Ive seen them do it 5 MINUTES BEFORE CLOSE before! <codehead> yeah, top o the hour a popular choice 14:39 <szubaark> code nice Ghost NQ 5 minute "Mittens Ghost" 14:40 <codehead> i see regular ghost 14:41 well, ic dbl head regular <szubaark> yup.. WITH TRENDLINE BREAK=High % 14:42 <substanz> Covered all YM Short @ 11278 --> + 11 14:43 <codehead> nice 14:44 <substanz> thanks explosive volume ! 14:47 <szubaark> ES 15min HTLB could be quick DROP! 14:48 * BOS-wunch is now known as WannaBeBOS 14:52 <szubaark> CCI shamu'ing at 0 line. 14:58 * Awash_afk is now known as Awash 15:04 <Awash> afternoon <szubaark> hi awash 15:05 u did any trading today? <Awash> just been learning my platform lots of unfamiliar features 15:06 <szubaark> which one? <Awash> NinjaTrader <szubaark> is that charts also? 15:08 <Awash> no currently using realtick, but I'm looking for something else as of June 1st 15:09 Anyone in here use NinjaTrader? <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) 15:19 <codehead> YM back to hod 15:26 <szubaark> Covered all YM Short @ 11295 --> - 13 Long YM @ 11291 15:30 looking for new highs.. Shorts not working 15:31 exit stop set YM @ 11275 <codehead> ES ER trying to zlr on 3 min 15:44 YM 3 min too 15:45 all did <szubaark> bunch of Sellers at the 11300 Level 15:47 Exited all YM Long @ 11292 --> + 1 15:53 not enough time <Awash> YM retesting 11300 16:14 <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) 16:28 <Awash> brb 16:41 * DisconnectedSession Close: Fri May 26 16:53:14 2006 16:53 Sponsor: Trading Edge: #FuturesTrades Info -> Chat room for realtime trade posting by traders of 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) and Exchange Traded Funds (DIA, GLD, OIH, IWM, QQQQ, SPY) Trading Blog Below is not your traditional trader's blog in the usual blog format. However, you will find informative commentary that on a few occasions will contain trading tips that should help your trading as I attempt to sum up my thoughts as I traversed from the first trade to the last trade that was posted above in #FuturesTrades realtime trade posting chat room.
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ER2 EuroFX EC +3.10 +0.0000 $310.00 $0.00 Market Seasonal Tendency Patterns
Today was a market seasonal tendency trading day in that the last trading day prior to Memorial Day Holiday has a 80% chance (source. CNBC) to be an up day in that the market closes higher.
My personal stats produce a 72%.
However, unfortunately the market gap up at the open and didn't produce too many bullish pattern signals to allow one to exploit that market tendency.
Today's results (real money and simulator trading) shown above are that of NihabaAshi only. To see his total accumulated points for the month of May...click here. To see results for the months of 2006 and prior years...click here.
Commentary by M.A. Perry (a.k.a. NihabaAshi)
intradaystrategies@yahoo.comNote: Each month there are a few trading days that we consider to involve interconnecting key price action of different markets and you can view the charts associated with the key price action along with their stories at our key chart story archives.
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