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#FuturesTrades
June 13th Wednesday 2007 Trade Log
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Current Performance Record |
Profit/Loss Statement |
General Chat Room/Log Info: The above points along with profit/loss info represents trades by M.A. Perry (a.k.a. NihabaAshi) only and all trades were posted in realtime as shown in the below chat log.
Also, #FuturesTrades is free to any trader and I am the only trader in #FuturesTrades that represents TheStrategyLab.com
My main function in #FuturesTrades is to be the moderator and I use the chat room as more eyes on the markets to help prevent missing critical market info that have impact on my trades.
#FuturesTrades is not a signal calling chat room and all users are required to post at least one trade (real money or simulator) per day of use.
General Strategy Info: Although I'm not familiar with the trade methods used by most members of #FuturesTrades, I use a rule based (no subjectivity) methodology that involves WRB Analysis.
However, I use other key variables integrated with WRB Analysis that involves simple concepts of intermarket analysis, market seasonal tendencies, volatility analysis, support/resistance zones and position size management along with custom Japanese Candlestick patterns to complete my trading plan that results in consistent profits.
All of my trades and commentary for today's market action (posted below) are via the user name NihabaAshi (Japanese Candlestick term) and I exclusively trade the Russell 2000 Emini ER2 futures even though I closely monitor other key markets in the world.
To learn more about my methods, the links below will provide the info you need.
Trading Reports (fee-based content for traders that want access to our reliable/profitable strategies)
With that said, today's trade posting chat log is below and it contains all my trades that were posted in realtime along with the trades of other members of #FuturesTrades.
Further, if you want the instructions for gaining access to our free #FuturesTrades chat room...click here.
Session Start: Wed Jun 13 09:29:19 2007Session Ident: #futurestrades * Now talking in #futurestrades 09:29 <X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm <pat255> gm all.. 09:30 hmm what made the mkt move? <szubaark> 8:30 Reports <pat255> ty szu 09:31 <jperl> Won't be around for the late morning...so may not do any trades this morning <NihabaAshi> Shorts ER2 @ 830.60 -> large size 09:32 Shorts ER2 @ 831.20 -> Add 09:33 <base> gm all 09:34 <NihabaAshi> Covered all ER2 Short @ 832.00 --> - 2.2 <RussellDaytrade> I'm a buyer this am on a scale, and I hope it gives a selloff to near or below yesterdays closinbg prices in order to do so, I htink that little dip just now may be all we get for a dip <NihabaAshi> Shorts ER2 @ 832.00 -> large size 09:35 Covered ER2 Short @ 832.80 --> - 0.8 09:36 Reverse and Enter Long ER2 @ 832.80 <eminitrader> Shorts ES @ 1516.50 09:37 <NihabaAshi> Exited all ER2 Long @ 832.00 --> - 0.8 09:38 <eminitrader> Covered 1/3 ES Short @ 1515 --> + 1.5 Shorts ES @ 1516 -> Add 09:39 <NihabaAshi> It's rare to see chop like this after a 0830am est parabolic up move. <eminitrader> ES @ fib cluster ...expect a pullback here 09:40 <NihabaAshi> Shorts ER2 @ 832.00 -> large size <intowin> shorts es @ 1550.50 09:41 1515.50 <szubaark> Shorts ES @ 1515 «« paper »» <eminitrader> Covered 1/3 ES Short @ 1514.50 --> + 1.5 09:42 <jperl> you can see the pivot bounces here..... http://charts.dacharts.com/2007-06-13/JP ERL_019.png <NihabaAshi> Covered all ER2 Short @ 831.40 --> + 0.6 Shorts ER2 @ 831.60 -> large size 09:43 <eminitrader> Covered 1/3 ES Short @ 1513.75 --> + 2.75 09:45 <NihabaAshi> Covered all ER2 Short @ 830.90 --> + 0.7 <szubaark> crap..my IB just disappeared :(( <eminitrader> Covered Remainder ES Short @ 1514.50 --> + 2 09:46 <PapaJon> ib ok here szu <szubaark> i think i have JAVA problems <PapaJon> could be <NihabaAshi> Shorts ER2 @ 830.80 -> large size 09:47 <jperl> approaching 830.20 pivot <NihabaAshi> :( Tough price action in this range after the pre morning pop to the upside. 09:48 Shorts ER2 @ 831.30 -> Add 09:49 <eminitrader> Shorts ES @ 1515 <szubaark> IB back.. :(( 09:50 <NihabaAshi> Be careful...things will start getting very interesting soon after 10am est. 09:51 <eminitrader> Covered 1/3 ES Short @ 1513.75 --> + 1.25 <base> szubaark: I have neverending issues with IB platform, mostly with data feed and charting. 09:52 <NihabaAshi> ER2 volatility dropping fast... <pdays> Shorts ER2 @ 831.4 <NihabaAshi> I'm expecting a volatility spike here soon. <pdays> Covered all ER2 Short @ 831.1 --> + 0.3 <szubaark> base: same here.. they should quit doing so many damn updates 09:53 <eminitrader> Covered ES Short @ 1514.50 --> + 0.5 Reverse and Enter Long ES @ 1514.50 <NihabaAshi> Covered ER2 Short @ 832.20 --> - 1.4 Reverse and Enter Long ER2 @ 832.20 <szubaark> Covered all Short ES at 1515 --> 0 «« paper »» <PapaJon> I used to have periodic issues with IB when I had everything running on one computer. Once I put my IB platform on a separate puter by itself (my laptop), the issues rarely occur. <szubaark> Buys ES @ 1515 «« paper »» 09:54 <NihabaAshi> Reversing into the resistance zone not too smart for me. I've already got nailed once for it earlier. Exited all ER2 Long @ 832.10 --> + 0.7 09:55 The trade script math is incorrect. 09:56 It's a -0.10 <jperl> ER2 @832.50 pivot 09:57 <intowin> covered es short @ 1514.50 +1 09:58 waiting on report <eminitrader> Exited 1/3 ES Long @ 1515.50 --> + 1 10:00 Exited ES Long @ 1514 --> - 0.5 10:01 Reverse and Enter Short ES @ 1514 <szubaark> Exited all Long ES at 1513.25 --> - 1.75 «« paper »» <base> szubaark: TWS is overbloated crap with too many bells and whistles and with lack of basic functionality. They are going the wrong way. <szubaark> Shorts ES @ 1513.25 «« paper »» 10:02 <NihabaAshi> Long ER2 @ 831.20 -> large size Bouncing all over the place. <eminitrader> Shorts ES @ 1515.50 -> Add <intowin> short es 1515.00 10:03 <NihabaAshi> ER2 back in the resistance area. <RussellDaytrade> looks up <eminitrader> Covered 1/3 ES Short @ 1514.50 --> + 1 10:04 <ItalianSharp> lots of seeling fellas...whenever it tries to go up, they promptly hammer it down <NihabaAshi> Exited all ER2 Long @ 832.20 --> + 1 <eminitrader> Covered 1/3 ES Short @ 1514 --> 0 <RussellDaytrade> it is getting whipped around...I have an up bias, so I may be seeing apparitions. 10:05 if it gets traction up, I have a possible 836.5 10:06 <NihabaAshi> Shorts ER2 @ 832.10 -> large size 10:07 The 1030am EIA Petroleum Report will smooth things out a bit. <szubaark> Covered all Short ES at 1515.25 --> - 2 «« paper »» <NihabaAshi> Most likely starting around 1020am est. Covered all ER2 Short @ 831.00 --> + 1.1 10:08 <eminitrader> Covered 1/3 ES Short @ 1513.50 --> + 0.5 10:09 <NihabaAshi> Shorts ER2 @ 830.10 -> large size 10:10 <szubaark> Shorts ES @ 1513 «« paper »» <NihabaAshi> :( 10:11 <eminitrader> Covered Remainder ES Short @ 1513 --> + 1 <NihabaAshi> Shorts ER2 @ 830.60 -> Add 10:12 <eminitrader> Long ES @ 1513.75 10:13 <RussellDaytrade> added one at 830.1, now long 2, roundtripped the first 1 3 times, that may be a new record. :) <eminitrader> think the pullback is done for now...high probabililty of test of high 10:14 Exited 1/3 ES Long @ 1514.75 --> + 1 10:17 <NihabaAshi> Shorts ER2 @ 832.60 -> Add 10:18 <intowin> stopped out 1516.50 -1.50 10:19 <eminitrader> Exited 1/3 ES Long @ 1516.75 --> + 3 <NihabaAshi> Covered all ER2 Short @ 833.20 --> - 3.7 10:20 <eminitrader> Exited 1/3 ES Long @ 1518.75 --> + 5 <intowin> nice call <eminitrader> holding 1 <szubaark> nice emini <NihabaAshi> We're now above the old range and "inside" a new range. <eminitrader> thx szu <szubaark> Covered all Short ES at 1519 --> - 6 «« paper »» 10:21 <NihabaAshi> Long ER2 @ 834.30 -> large size <RussellDaytrade> long one runner <szubaark> Buys ES @ 1520.25 «« paper »» <eminitrader> thx itw 10:22 <NihabaAshi> :( <eminitrader> Exited Remainder ES Long @ 1519.75 --> + 6 10:23 <NihabaAshi> That EIA Petroleum Status Report volatility has kicked in... Watching closely as we near the 1030am est release. 10:24 <RussellDaytrade> close enuf, out, its a little extended to hold out for exact full target. :) <NihabaAshi> We're inside another s/r zone 10:25 <RussellDaytrade> target now 827, but I htink its too oversold to get here 10:26 <NihabaAshi> Tightning up my trailing stop...we're about 2mins away from the numbers. 10:27 <intowin> Russel you mean 837? 10:30 <eminitrader> be back have buy @1516 <NihabaAshi> Exited all ER2 Long @ 835.10 --> + 0.8 10:31 <RussellDaytrade> no, I meant 827, 827.49, actually, just trying to get the bullletin out quickly. as I noted, mkt too overslod to achieve that today. <szubaark> Exited all Long ES at 1518.75 --> - 1.5 «« paper »» 10:32 <intowin> k <RussellDaytrade> up 935 net, traded small size, too conservative this am on sizing, but I made slight improveemnts on my holding to capture a little more of potentials. :) 10:33 <NihabaAshi> Looks like all we have left is the 2pm Beige Book to generate the type of volatility I'm looking for (it usually does). <RussellDaytrade> still not playing the shortside actively enuf, gotta get that in gear. <pat255> rd yor entry was graet.. 10:34 <RussellDaytrade> thx pat, it worked out well today...not much heat, or time for it to attain some pfts 10:36 <NihabaAshi> Long ER2 @ 835.00 -> large size I have a picture perfect entry on a high probability trade and its already going against me :( 10:37 WRB s/r zones are below my stop. Thus, can't ADD...gotta sweat it out. 10:38 <szubaark> Buys ES @ 1518.50 «« paper »» 10:42 <NihabaAshi> Tough pyschological trade for me...very tough. 10:45 <ripsboy> Long ER2 @ 835.40 ,,,paper,,, <base> I am long o Er2 since 834.40, waiting for TP 1. 10:46 <eminitrader> think i'm done ...will just watch 10:47 <intowin> take the money and run E 10:48 <eminitrader> :)) <base> eminitrader: You are a lucky boy. :) <eminitrader> with each entry there is a risk - ITW- wvebn if its a 99% probability 10:49 thx base ---took me a long time to get lucky :) <base> Exited ER2 at 835.40 --> +1.0 eminitrader: :) 10:50 <NihabaAshi> Exited all ER2 Long @ 835.80 --> + 0.8 10:51 <base> Double top has been created. <NihabaAshi> I haven't had my patience tested like that in a long time :( <RussellDaytrade> in every business proposition, there exist a small particle of risk. (quote from Allardyce T. Merriweather to Jack Crabb, as they are being tarred and feathered, and run outta town) <pat255> well said rd 10:52 Trading Edge: Trading Strategies -> These strategies, from entry to exit, will exploit inefficiencies in the price action of your trading instrument for profits in the following trading instruments via WRB Analysis: 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) <RussellDaytrade> one of my favorite movies,,,Little Big Man <ripsboy> Exit ER2 @ 835.00 -.04 ,,,paper,,, 10:54 <pat255> advv very small slope .. 10:55 <ripsboy> Short ER2 @ 835.00 ,,,paper,,, 10:57 Cover ER2 @ 834.20 +.8 ,,,paper,,, 11:02 <PapaJon> Yes RD.. was a great movie.. :) 11:06 <RussellDaytrade> they're doing the ole hangtime thing, but it isn't as sticky as it used to be, mkt changinmg little by little from bull to bear. At first, I think that the rally is a bounce from oversold levels, and may extend, then, now, I have begun to wonder whether it has more of a 'bear-mkt rally charateristic to it, ie, goes up fast, drifts down from there 11:14 <szubaark> Exited all Long ES at 1516 --> - 2.5 «« paper »» 11:22 they sure retracing the crap out of every move 11:25 <NihabaAshi> Shorts ER2 @ 833.50 -> large size 11:28 It rolled over quickly. Too fast for me to get short around 833.80 * lesAway is now known as les <NihabaAshi> Volatility is too low to try and catch something big unless it moves fast in a surprising way. 11:29 Thus, I'm not looking for much on this trade. Covered all ER2 Short @ 833..20 --> + 833.50 - 833..20 11:30 <pat255> yes niha ...have to wait until 2 pm.. <NihabaAshi> Ooops...will correct. 11:31 Covered all ER2 Short @ 833.20 --> + 0.3 pat255...on that note and the fact that's the key price action for the volatility of the day...I'm going to take a long Lunch... 11:32 Be back later. Around 1:30pm est to prepare for the Beige Book release at 2pm est. * NihabaAshi is now known as NihabaAshi_away <pat255> later niha <les> Long ER2 @ 833.6 «« paper »» 11:33 Exited 1/3 ER2 Long @ 834.2 --> + 0.6 «« paper »» 11:36 * ItalianSharp is now known as ItalianSharp_away <intowin> long Es @ 1516.00 11:39 <les> Exited 1/3 ER2 Long @ 835.1 --> + 1.5 «« paper »» 11:49 <pat255> vn les ... <les> thxpat i left 1 left exit stop raised ER2 @ 834.2 «« paper »» 11:50 exit stop raised ER2 @ 834.5 «« paper »» 12:00 Trailing Stop Hit ER2 @ 834.5 --> + 0.9 «« paper »» 12:03 breaktime now till later... \nick lesAway 12:04 * les is now known as lesAway <intowin> sold es flat sold er @ 835.40 12:22 that was a sell short at 835.40 to clarify 12:29 covered er flat 835.40 12:38 one more short at 836.20 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) 12:54 <RussellDaytrade> I have adjusted my down targets to 828.5 area, if the mkt loses its rally impetus as it has the past several days, it may accelerate into that target from here, in a general way 13:10 just for grins, my estimate for that target is 12:21 mnt 13:31 * NihabaAshi_away is now known as NihabaAshi 13:33 <NihabaAshi> Long ER2 @ 834.10 -> medium size 13:36 That's actually a small size...not a mediou size. 13:37 <jperl> ER2 peak volume @ 834.60, VWAP @ 833.63 <NihabaAshi> Long ER2 @ 835.10 -> Add 13:39 <eminitrader> Shorts ES @ 1516.25 13:42 2 only <ItalianSharp> looks like mkts have built some sort of bottom 13:46 <eminitrader> Covered all ES Short @ 1516.75 --> - 0.5 13:48 <NihabaAshi> Exited all ER2 Long @ 835.40 --> + 1.6 <intowin> covered er @ 835.20 +1 <NihabaAshi> ER2 volatility dropping fast...I'm expecting a volatility spike here soon. 13:58 <Brutus> 2pm Fed’s Beige Book 13:59 <pat255> any bias on this 2 pm beige book? <eminitrader> that answers it pat :) 14:00 <NihabaAshi> Long ER2 @ 835.80 -> large size It's not pushing hard enough...be ready for a possible drop. 14:01 That WRB changed the entire supply/demand picture... 14:04 Just in time because I almost dumped it early :) Exited Remainder ER2 Long @ 838.00 --> + 2.2 <szubaark> Buys ES @ 1519 «« paper »» 14:07 <NihabaAshi> There's a lot of resistance in this price area between 837.60 - 838.20 14:08 Shorts ER2 @ 837.00 -> large size <szubaark> Looking for momentum from that Report (WRB) to make new highs or im TOAST if Drops <NihabaAshi> The info for the Beige Book hasn't been released yet ??? 14:09 If not...I shouldn't be short :( <szubaark> not for us retail traders :)) <NihabaAshi> I thought the info was out. Time for plan B. 14:10 <jperl> released 10 minutes ago already reported by CNBC <NihabaAshi> thanks <RussellDaytrade> took a small short off the top just then, closed it on that initial drop, did not particiapte on the upsurge 14:11 <NihabaAshi> Covered ER2 Short @ 839.90 --> - 2.9 Reverse and Enter Long ER2 @ 839.90 Will correct in a minute... -0.9 on the Short and I'm Long @ 838.90 14:12 <GoodMood> 837.9 <NihabaAshi> Yeah...that's what I meant Long ER2 @ 837.90 -> large size 14:13 <lesAway> Long ER2 @ 838.2 * lesAway is now known as les <szubaark> Exited all Long ES at 1522 --> + 3 «« paper »» Nice, we got Followthru, thats all i WANT <NihabaAshi> Need a good exit on this Long to correct my confusing analysis in that Short about the release of the Beige Book. <eminitrader> nice szu 14:14 <szubaark> thnx.. <NihabaAshi> Under normal conditions...I would be Short here arund 839.00 <les> Exited 1/2 ER2 Long @ 839.2 --> + 1 «« paper »» 14:15 looks like headfing toward yest open or high 14:16 <NihabaAshi> Exited all ER2 Long @ 840.20 --> + 2.3 14:17 <szubaark> Go Niha! <les> Exited Remainder ER2 Long @ 839.3 --> + 1.1 «« paper »» 14:18 <NihabaAshi> Shorts ER2 @ 839.30 -> large size 14:19 poor entry looking for a lucky exit 14:20 <base> Me too. 14:22 <les> Long ER2 @ 840 «« paper »» <base> I have reversed near the top. 14:23 <szubaark> what Long or Short? <NihabaAshi> Covered all ER2 Short @ 840.20 --> - 0.9 14:24 <les> Exited 1/2 ER2 Long @ 841.1 --> + 1.1 «« paper »» <NihabaAshi> Long ER2 @ 840.70 -> large size 14:25 <szubaark> Buys ES @ 1524 «« paper »» <base> Long now. <NihabaAshi> Long ER2 @ 841.00 -> Add <pat255> later guys ...ty al <les> Exited Remainder ER2 Long @ 840.2 --> + 0.2 «« paper »» 14:26 lot of concerted selling under this high now 14:28 <base> Reversed to short, I want to go for 0.5 TP. <NihabaAshi> Long ER2 @ 840.10 -> Add <ItalianSharp> all eminis look like they wanna come down exception made for ER2 14:29 <les> agree IS 14:30 <ItalianSharp> maybe ER2 wants to close the opening gap from 2 days ago <NihabaAshi> Exited 1/3 ER2 Long @ 840.60 --> + 0.5 <les> but the sell volumes on er2 have risen, so that could change <ItalianSharp> sorry, from yesterday Les, what charting software do you use? 14:31 <les> esignal <NihabaAshi> I'm looking for the GAP close <les> but i'm using Market Delta to monitor volumes <ItalianSharp> ah ok... esignal offers this great volume indicator called bid-ask volume <NihabaAshi> Will be tough in this s/r zone <ItalianSharp> have you tried it? <les> yes its nothing as good as MD, believe me 14:32 <ItalianSharp> it's very useful IMO... <les> MD gives actual trades <ItalianSharp> really? <les> yep leeme show u a pic.. need a few moments <ItalianSharp> doesnt the bid-ask volume indicator take its feed from T&S? <NihabaAshi> Long ER2 @ 840.20 -> Add 14:34 <szubaark> exit stop set ES @ 1521 «« paper »» <les> here it is http://www.carlin.karoo.net/Charts/pic2. png thats Mkt Delta Vol analysis <NihabaAshi> Volatility dropping for the first time since early 2pm est :( <base> Short trade - profit target moved to 839.20 (+1.0) - all or nothing. :) Anyway, it is a paper trade. 14:35 <NihabaAshi> Meant its dropping fast. <les> the numbers are the delta figures, which are all buy-all sells in the time intreval <ItalianSharp> wow, you got all numbers for each level 14:36 <les> yep <ItalianSharp> that way you can spot S/R very accurately <les> also each 2 min interval as a column figure at the bottom <NihabaAshi> The declining volatility makes my ADD too risky. <base> les: What trading platform it is? <les> Market Delta here's the url: 14:37 <szubaark> pretty fancy stuff les <les> http://www.marketdelta.com/ they also offer a module with Mkt Profile <ItalianSharp> does market delta run on its own platform? <base> Ah, it is their original platform, I have already seen it. Thank you. <les> yes, but it uses a vatiety of feeds i use esignal feed, but can work with IB and a bunch of others 14:38 <ItalianSharp> what's the difference between market delta and market profile? <NihabaAshi> Exited 1/3 ER2 Long @ 840.40 --> + 0.2 <les> Mkt profile is a trading methodology <base> ItalianSharp: As far as I know, yes. The problem for me is that I am running linux and there is no linux version available. <les> Mkt Delat is the application i'm referring to <ItalianSharp> ah ok do these data come from T&S? 14:39 meaning: are they actual prints? <les> yes actual prints.. 14:40 ie they show actual trades in real time what MD does is organise that data into columns at interval of your choosing 14:41 <ItalianSharp> how come you have no data prior to 19.02? <les> i do <ItalianSharp> my bad sorry...the data is underneath the chart right? <les> its just con below the base of that chart <NihabaAshi> ER2 has lost too much juice up here...841.90 no longer looks possible unless some surprising volatility shows up. <les> yep :)) 14:42 if u look at 19:20 - :22... <ItalianSharp> les, is it possible to use this data historically? or does it get erased at the end of the day or whenever you shut down the conenction like bid-ask volume? 14:43 <les> u can see how the volumes fade as that small retest occurs its reflected in the colouring of those blocks as well <base> NihabaAshi: Do you know your actual average entry price? <les> they called footprints <intowin> last stab Short ER 840.60 hod stop <les> the numbers show vol traded at that price ant that time 14:44 <NihabaAshi> Base...with my remaiders its around 840.85 <les> higher volumes have darker colours, so u can see at a glance where the money's going <intowin> stop hit 14:45 <base> So you are getting green now. <NihabaAshi> There's the "surprising volatility"... It came out of no where. <ItalianSharp> les, is it possible to use this data historically? or does it get erased at the end of the day or whenever you shut down the conenction like bid-ask volume? <base> I have closed the short position -0.5 <szubaark> yeah.."surprising" LOL <les> its historical... but depends on the feed u use <ItalianSharp> niha, ER2 did look stronger with respect to other eminis... good patience holding on <les> if u use a historical provider like esignal.. 14:46 MD will show the same <ItalianSharp> that's great <NihabaAshi> Exited ER2 Long @ 841.50 --> + 0.8 14:47 <ItalianSharp> les, how much does that cost? do you pay a one-time fee? <base> nice <les> relaod that url i sent <NihabaAshi> That's only a *0.50 and not a +0.8 <base> "A patience trade" :) <les> http://www.carlin.karoo.net/Charts/pic2. png <NihabaAshi> Still holding the initial Large position <les> that shows what was happening to the volume just befroe this last pop its a subscription, but there r 3 different options 14:48 sec <ItalianSharp> les, thanks for posting the pic...i have to run now but i'd be more than happy to expand on this tomorrow...volume is very important for trading 14:49 thanks all, see you guys tomorrow <eminitrader> later IS 14:50 <NihabaAshi> :( <les> https://www.marketdelta.com/newsite/orde r.aspx thats their order page with pricing <NihabaAshi> I was hoping for some more upside beyond the GAP fill of 841.90 14:51 It only pushed 1 tick above :( <base> ItalianSharp: see you <szubaark> Im watching ES yersturday High test <NihabaAshi> Volatility stalled...hopefully it decides to pick up within the next 2.5 minuts. 14:52 <eminitrader> 2.5 ? <codehead> prolly looking at 5 min bars <eminitrader> got it thx 14:53 <codehead> 2.5 min till close of next <eminitrader> :)) <szubaark> Miha doesnt look at bars only Candles <eminitrader> lol whats the difference szu :)) <NihabaAshi> I increased my interval for these remainders... Didn't want to look at any intervals less because the extra noise may encourage me to do an early exit. 14:54 Tightning up my trailing stop to ensure its a profitable trade if it reverses fast. <jperl> done for the day.....trades here.... 14:55 http://charts.dacharts.com/2007-06-13/JP ERL_0111.png last bunch of trades didn't go anywhere <NihabaAshi> There's plenty of volatility remaining out there somewhere for this Beige Book price action. 14:56 Some are holding back out there :) <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) 14:57 <NihabaAshi> Exited all ER2 Long @ 842.10 --> + 1.4 14:59 <szubaark> Exited all Long ES at 1526.75 --> + 2.75 «« paper »» <eminitrader> :) nice comeback today szu <intowin> nice <szubaark> thnx.. still in a Hole :( i let that early morning Opening chop get the best of me (got emotional) 15:00 <NihabaAshi> I'm going to take a break right here...update some trade notes and then "re-open" my profit/loss window because when I had those string of losers early this morning...I closed the window to prevent from getting too emotional about my trades. Be back later to trade via a smaller size. * NihabaAshi is now known as NihabaAshi_away <szubaark> Shorts ES @ 1526.75 «« paper »» 15:03 <RussellDaytrade> I got 838.5 or so 15:07 13:28 <les> Shorts ER2 @ 840.8 «« paper »» 15:09 late, sorry Covered 1/3 ER2 Short @ 939.8 --> - 99 «« paper »» 15:11 oops Covered 1/3 ER2 Short @ 839.8 --> + 1 «« paper »» <RussellDaytrade> just closed my early short, took my medicine for a little loss 15:12 <NihabaAshi_away> Shorts ER2 @ 839.10 -> small size 15:13 <les> Covered 1/3 ER2 Short @ 838.6 --> + 2.2 «« paper »» 15:15 <NihabaAshi_away> Covered all ER2 Short @ 839.00 --> + 0.1 15:16 <RussellDaytrade> that just fulfilled the small down target objective <base> les: nice 15:17 <les> thx, one left 15:18 <base> I did just +0.5 on the way down. Nothing special, regarding to previous looses. It is stalling on SMA20 on 5M chart. SMA20 is usually strong S/R on this timeframe. 15:22 <szubaark> Covered all Short ES at 1524 --> + 2.75 «« paper »» <base> szubaark: Nice one again. :) 15:23 <szubaark> thnx 15:24 <RussellDaytrade> good trading szu 15:25 <les> szu u really cooking today 15:26 <szubaark> thanks all.. but im still down for day.. I lost my discipline this mroning <les> live? 15:27 <szubaark> «« paper »» <les> right i swear one o these days i gonna find a way to make money from trading papaer <base> I have quite bad day as well. Fortunatelly, on the paper only. les :) 15:28 <les> hehe <szubaark> :)) <les> exit stop lowered ER2 @ 840.7 «« paper »» * les is now known as lesAway 15:34 <lesAway> will post last exit later <Brutus> Thought for the day :) Quote from vulture: I still say the Oct, 1998 spike was the most lethal I have ever seen...5 minutes after the bond market close, one day before options expiration, in the midst of rumors of LTCM insolvency, Russian devaluation, Asian "contagion", and the market never looked back after that...But that was one crazy final hour, and at that time somewhat unprecendented...That set the stage for so many of these intra-day spikes following that day Market went up about 5% that day and setup the entire final move higher into 2000. Still having laptop overheating problems so have to limit activity until its fixed. 15:35 <base> Brutus: What is your room temperature? 15:36 <Brutus> 20 deg C its not that 15:37 <RussellDaytrade> I called that move in 1998 B, the night before, up 250 off the surprise Fed move, I even enumerated the reasons why, as well as the extent of the rally! still have the emails to prove it. 15:38 <base> Brutus: You have HW/SW problem then. My systems are running fine even while 35 deg. C in the room (not now). 15:39 <NihabaAshi_away> Long ER2 @ 840.70 -> small size 15:40 1 contract only Exited ER2 Long @ 841.00 --> + 0.3 15:41 <Brutus> Yes some HW prob base <base> Brutus: Do you hear the fan inside? The most common problem is dirty or broken fan. 15:43 <Brutus> no not that, I cleaned it and reaplyed the heasink compound. thx 15:48 <base> Brutus: Just a last note, you can also check the running tasks in task manager if one of them isn't earning all the CPU time. 15:50 <Brutus> no did a full reload * NihabaAshi_away is now known as NihabaAshi 15:53 <NihabaAshi> What a tough rodeo trading day... 15:55 At one point I was down (-3.8k) and I'm currently up (+2.1k) 15:56 14 winners and 8 losers 15:57 <base> Nice Niha, congrats. :) 15:58 <RussellDaytrade> er may reel in that es after 14:00 16:00 <NihabaAshi> The key trade for me was my 0940am Short that produced +0.60 per contract. 16:01 That occurred after 3 consecutive losers...my first three trades were losers. That first winner was big for me "psychologically" because it told me I have the ability to get a winning trade. 16:02 <RussellDaytrade> N, are you finding that losses on trades help to sharpen your focus, or to raise your fighting spirit? <NihabaAshi> In the past...consecutive losses would have caused me to call it quits for the day. 16:03 Today after many years of trading...it raises my fighting spirit because I see it like a sports event. 16:04 Just because I'm down in the first 1/2 is no big deal. I know there's still another 1/2 of play to go after the break. I also had a lot of confidence starting the second 1/2 of trading today because I had the volatility of the Beige Book. 16:05 <RussellDaytrade> seems like you just keep going, no matter what, presumably on the knowledge that you will win more often than not, in the final analysis. <NihabaAshi> Most in here know I'm like a fish out of water without good volatility as shown during this morning trading. I keep going until I run into the "expected volatility"... 16:06 Then when it arrives...I increase my size and hammer away. <RussellDaytrade> nice comeback, double the pt's, gotta be happy about that, especially after being down, makes it even more significant. <NihabaAshi> I once figured out last year that 37% of my trading days are at a loss until volatility shows up. 16:07 Once the volatility kicks in...my trading improves dramatically. <base> Hm, interesting stats. 16:08 <NihabaAshi> There old stats but I think they are fairly in line today if I were to do them again. I think someone once ask me how do I know when to increase my size? 16:09 Its easy... I keep a close eye on the following... http://fidweek.econoday.com 16:10 http://www.forexfactory.com/index.php?pa ge=calendar http://www.federalreserve.gov/calendar.h tm I tend to increase my position size for anything related to the FED boys and gals. 16:11 The FED is responsible for most of the intraday strong price movements we see or I've seen in +15 years of trading. 16:12 Thus, if your going after some big points or want easy follow-through to your profit targets... Keep track of the FED. Beige, FOMC Announcements, FOMC minutes, Philly Survery, speeches et cetera. 16:13 The FED is the cause of most TRENDS.
