July 17th Monday 2006 Trade Log

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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 as I traversed from the first trade to the last trade that was posted in #FuturesTrades realtime trade posting chat room. 

 

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ER2 EuroFX EC
+0.00 +0.0000
$0.00 $0.00

Will be on vacation soon

No trades today and the log is posted below that contains the trades by other traders.

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 July...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.com

Note: 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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Session Start: Mon Jul 17 08:38:37 2006Session Ident: #futurestrades
* Now talking in #futurestrades08:38
<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<pat255> gm niha ..awash & others08:40
<Awash> morning pat255
<pat255> wonder whether the bad news politics baked in ? or we see new lows08:42
<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)08:43
* NihabaAshi is now known as NihabaAshi_away08:47
<NihabaAshi_away> I'm not trading today...take care all.
<eminitrader> u too niha see you later08:49
<pat255> gm emini...think niha is smart not to trade today...may be whippy08:53
<PapaJon> gm all09:23
  
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<eminitrader> morn pat pj09:25
thinking ti be smart myself pat ..09:26
probably skip trading the first hr
<pat255> yes emini ...prolly do the same
<PapaJon> why is that et.. pat?09:27
<pat255> just a gut feel...09:28
<eminitrader> assuming its going to be tough to read the flow pj
<PapaJon> ok. gotcha

thought i missed out on some news or sumtin...:)
<eminitrader> seems like mrkt is oversold shortterm ..but then again geo political..sellers may come in on any rebound..09:29
oh no pj ..
<Awash> good morning all09:30
<szubaark_away> gm
<eminitrader> if it were normal trading i would be a bull today

morn A09:31
* szubaark_away is now known as szubaark
<Awash> morning E09:32
<les>  Long ER2 @ 685 paper 09:33
Exited 2/3 ER2 Long @ 685.5 --> + 0.5 paper
exit stop moved to breakeven ER2 @ 685 paper
exit stop raised ER2 @ 685.4 paper 09:35
exit stop raised ER2 @ 686.7 paper 09:37
<asd> Short er2 @688.5 risk 2
<les>  exit stop raised ER2 @ 688.4 paper 09:38
Trailing Stop Hit ER2 @ 688.4 --> + 3.4 paper 09:40
<eminitrader> nice start les
<les>  thx
Shorts ER2 @ 688.1 paper 09:44
Covered 1/3 ER2 Short @ 687.5 --> + 0.6 paper
<asd> cover er2 @ 68709:45
<les>  Covered 1/3 ER2 Short @ 686.2 --> + 1.9 paper
<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)09:55
<les>  exit stop lowered ER2 @ 686.7 paper
exit stop lowered ER2 @ 685.1 paper 09:58
<PapaJon> you on fire today les.. :))
<les>  Covered Remainder ER2 Short @ 683.9 --> + 4.2 paper 10:00
u so right!
wish it were live
<PapaJon> i bet
<les> + 9.7 so far
<PapaJon> still good trading bro10:01
<les> why thank u sir she said
<szubaark>  Long NQ @ 1480.25
<eminitrader> maybe its abt time to go live :)
<les> u wanna come over t my place?

not yet et...

will wait till end August
<eminitrader> yep take u time les
<les> i bin here before with live and i dont wanna screw up any more10:02
<eminitrader> mrkts always be there
<les> for sure
<eminitrader> just gotto make sure we 'll be there too always :)
<les> hehe10:03

in truth i know find i can make money easily in a reasoanble mkt

but i have trouble keeping it when things go sour
<eminitrader>  Shorts ES @ 1245 10:04
<les> discipline thing
<eminitrader> 1 only
i still ahave that pb les..working on it
<les> i guess one never stops

also...10:05

when i grow up i'm gonna be a mkt trader

i swear
<eminitrader> :)
<szubaark>  Exited all NQ Long @ 1476.75 --> - 3.5 10:09

Shorts NQ @ 1477
<eminitrader>  Covered all ES Short @ 1244 --> + 1 10:13
Long ES @ 1243.25 10:15
1 only10:16
exit stop moved to breakeven ES @ 1243.25 10:20
be back10:24
<cmr> keeping short since 7/12 ER2 @706.5 - 681 = 25.5 points10:27
* Disconnected 10:28
* Attempting to rejoin channel #futurestrades10:29
* Rejoined channel #futurestrades
<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTra desChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrad es.htm
 -X- Welcome - to pitstock mate. For pitbot commands- http://www.pitstock.com/support/pitbo t.html Pitbot symbols- http://www.pitstock.com/support/symbo ls.html
<eminitrader>  Exited all ES Long @ 1243.25 --> 0 10:32

late post

Long ES @ 1239.25 10:37

Long ES @ 1238.25 10:38

hoding 5
<szubaark>  Covered all NQ Short @ 1473.50 --> + 3.5 10:44
<eminitrader>  Exited 1/3 ES Long @ 1240.25 --> + 2 10:50

hokding 3
<szubaark>  Nice emini
<eminitrader> thx szu

exit stop moved to breakeven ES @ 1238.25
<szubaark> i jumped the gun on my 1st Long
<eminitrader> so did i on the short szu
<szubaark> actually was expecting Overnight Low to hold but they went below just enough to get my Stop
<eminitrader> had 2 on the first long came out @ b/e :(
<szubaark> yeah.. good job keeping your losses minimal
<eminitrader> yep..gotto look at it that way

if i get stopped out that that earlier 2 pts will be 1 pt..

on a normal trading day ( w/o the mid east thing ) this would have been an nice long entry10:52

Exited 1/3 ES Long @ 1241.25 --> + 3 10:54

holding 2
<szubaark>  Shorts NQ @ 1479 10:57
<Awash>  Shorts ES or YM @ 1241.50 paper
<szubaark>  Covered all NQ Short @ 1482.25 --> - 3.25 10:58
<eminitrader>  Exited 1/3 ES Long @ 1243.25 --> + 5
<szubaark>  Long NQ @ 1482.25
<eminitrader> holding 1
<Awash>  Covered all ES or YM Short @ 1242.25 --> - 0.75 paper
<eminitrader>  exit stop raised ES @ 1239.50 10:59
<szubaark> NQ strong11:01
<eminitrader> if es breaks thru expecting testing of 1255-60 area11:02
<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)11:04
<eminitrader> not much selling here
<szubaark> Mideast crisis providing nice Volatility11:05
expacting small pullback here
<eminitrader> hope no chop-chop today11:06
<Awash>  Long ES or YM @ 1244.25 paper 11:15
Exited all ES or YM Long @ 1242.25 --> - 2 paper 11:23
<eminitrader>  Long ES @ 1241.75 -> Add 11:24

holding 2

41.25 would have been a good add11:27

Exited 1/3 ES Long @ 1241.75 --> 0 11:30

holding 1 from 1238.2511:31

looks like a shoake out :(
<szubaark> yup :))11:32
<eminitrader> thats why i thought 1241.25 was a better entry than 1241.75

was not willing to give any back11:33
<szubaark> im taking some heat on this Long but expect test of highs11:34
<eminitrader>  exit stop raised ES @ 1240.75

no pt giving it all back .. take some at least11:35
<szubaark> 1contract need to hold11:36
<eminitrader> hope its not chop chop

hope no chop chop szu
<szubaark> no clear direction today.. tough chart to read11:37
<eminitrader> so far long bias ..

looks like 1275.50 supp on the nq11:38

and 1241 short term on the ES

sorry thats 1475.5011:39
<Awash>  Shorts ES or YM @ 1243.75 paper
<eminitrader> playing for the chop A :)
<Awash>  Covered all ES or YM Short @ 1243.75 --> 0 paper 11:42
* Disconnected 11:43
* Attempting to rejoin channel #futurestrades11:46
* Rejoined channel #futurestrades
<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTra desChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrad es.htm
 -X- Welcome - to pitstock mate. For pitbot commands- http://www.pitstock.com/support/pitbo t.html Pitbot symbols- http://www.pitstock.com/support/symbo ls.html
<eminitrader> strong sell vol @ 1245
exit stop raised ES @ 1242 11:47
es needs to break 125011:48
<szubaark> two way market today.. Bearish in Am now Bullish11:49

but I woudnt want to be Short right now11:50
<eminitrader> [09:31] <+eminitrader> if it were normal trading i would be a bull today11:51
* Awash_afk is now known as Awash11:52
<eminitrader> looks like NQ fail at retest of hod11:56
hope its just a bounce of the jigh
<Awash> yep, large reversal bar
<eminitrader> jigh = high
<les>  Shorts ER2 @ 683.1 paper 11:57
<eminitrader> yep
<szubaark> watching ES uptrendline since the run-up

as long as we make higher lows Longs are OK
<eminitrader> think the NQ failure pulled the ES
hope so szu
Exited Remainder ES Long @ 1243.25 --> + 5 12:03
<pat255> vn emini...12:04
<eminitrader> tough getting anything from this mrkt ..did'nt wan to give it back
thx pat
  
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<les>  Covered 1/3 ER2 Short @ 682.6 --> + 0.5 paper
<pat255> correcto....thst is the first defense ,,not give back
<eminitrader> 2nd short signals on the NQ12:05
<szubaark>  Exited all NQ Long @ 1479.50 --> - 2.75
<eminitrader> yep specially on amrkt like this
<szubaark> getting OUT12:06
<eminitrader> give it a chance for b/e szu ..might get it
<szubaark> looking to Short this now
<eminitrader> nq support @ 1276 - 1277 as per my charts12:07

opps that 14 not 12
<szubaark>  Shorts NQ @ 1479.25
<les>  exit stop lowered ER2 @ 682.9 paper 12:08

Trailing Stop Hit ER2 @ 682.9 --> + 0.2 paper
<eminitrader> es short term still holding12:09
<szubaark> Weird Price Action. now it looks weak12:10
<eminitrader> st supp not yer broken on both NQ and ES12:11
<szubaark> I draw lines on the CCI indicator.. feel gives me heads up12:12
<eminitrader> k
<szubaark> its a Momentum Indicator
<eminitrader> i just go by prica bars and ma12:13
both at key support now
intraday - short term12:14
may get a bounce here
<szubaark> anyway u look at it, this is a TOUGH chart to trade today12:15
<eminitrader> agree szu12:16
<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)
<eminitrader> there's the bounce..should see if it will hold
<Awash> Do you consider st s/r the most recent reaction high and lows?12:17
<eminitrader> basically pivot highs and lows on the 3 min12:18
highs for today are 1245.50, 1244.75 and 1245.5012:19
<Awash> k
<eminitrader> <+eminitrader> strong sell vol @ 1245
@ 12:4712:20
pm
pivot lows = 38 39.75 and 41 so far12:21
<Awash> agree12:22

i have this as s/r too
<eminitrader> these pivots help in a choppy mrkt..if u want to play the supp/res. i use it for stops mostly
<pat255> emini what tf u are using?12:23
<Awash> what about entries, would you use them for reversal entries?
<eminitrader> pat ?
<pat255> what timeframe chart u are looking at?
<eminitrader> no - only if i decide to do the supp/res plays
<Awash> k12:24
<eminitrader> these r from the 3 min only
<Awash> pat, you can see the same points on the 1 minute chart too
<pat255> k watching 3 min ..12:25
<Awash> i have a strategy question considering if you decided to play s/r as reversal setups, would you just put limit entry orders at s/r as price test or would you wait til price bounced at s/r by a few ticks?12:26
<eminitrader> the 1 min does not help me has way too many pivots my experience is its godd for scalping ticks
<Awash> k
<eminitrader> depends on the supp/res range ..if its 3 pts i use limit @ supp/res ..if around 5 pts then i wait for price action confirmation12:28
<Awash> k
<eminitrader> pat i follow 1 3 5 15 30 60 min and daily .have 3 screens .but i watch 3 1 and NQ 3 min consistantly.. just glance on the others to get a feel of the flow12:30
<pat255> kty emini
<eminitrader> urw
<Awash> when you say s/r range, you're referring to the s/r zone, like considering the most recent pivot highs are 1244.25 and 1245.50 thus the range is 1.25 points12:31
<eminitrader> yes A12:32
<Awash> cool
<eminitrader> most recent is 1245.50 ..next res piovot has not formed/confirmed
<Awash> okay, than you're right about 1 min showing lots of pivot highs and lows12:33
<eminitrader> :)
<Awash> but i can start filtering that with my 5 min
that's a good way to look at it12:34
i play s/r entries
<eminitrader> whatever works best for u :)
<Awash> although i haven't figured out the best way to play them
will consider what you said
<eminitrader> :((

[12:34] <+Awash> although i haven't figured out the best way to play them .. :(( for this comment12:36

i think the key for these s/r plays is figuring out u r stops..if u can fine tune that its a good method for scalping and when it breks ...u'll have a good ride if on the right side12:38
<Awash> i agree12:40
i have success at major s/r, e.g. PDH, PDL, PDC, 200sMA 5 min, significant s/r from yesterday afternoon
but the minor or better yet short term s/r i get whacked12:41
<jperl> ER2 oscillating about VWAP 683.6012:42
<Awash> hypotheticallly speaking, if you sold at 1245 area around 10:45 am CST where would you have placed your stop?
mine would have been above HOD
<szubaark>  Covered all NQ Short @ 1483 --> - 3.75

Long NQ @ 1483
<eminitrader> depend on the s/r range sell 1245 previous supp was 1241 so my stop would have been around 4 - 6 ticks above entry12:44
<pat255> L 1244 ..es12:45
<Awash> k
good info12:46
<eminitrader> stA stop above hod would have been a very high risk trade ..risk/profit ratio is not feasible or its low ..also if it breaks athe hod then i read it as breaking out of the range ..prolly start of a trend12:47

stA = A
<Awash> k
good info12:48
i generally have been waiting for reversal bars near s/r but sometimes it's better to just enter nearby s/r +/-2Ticks, although i will look at the s/r range12:49
<eminitrader> i feel the single bar signals on the 3 min r not very reliable . i look for multiple bar set-ups ...min 2 bar signal12:52
<Awash> k
<eminitrader> thats just my experience ..also i dont play supp/res often

new pivot res # 1244.75 formed @ 12:45 est12:55
<Awash> agree
same
<eminitrader> k
<Awash> 1241.25 still intact as S
<eminitrader> yep12:56

Shorts ES @ 1242.25 13:00

1 only

Covered all ES Short @ 1242.25 --> 0 13:09

gave it enough time :(
<szubaark>  Exited all NQ Long @ 1479.75 --> - 3.25 13:14
:((
* szubaark is now known as szubaark_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)13:28
<Awash>  Shorts ES or YM @ 1242 paper 13:39

Covered all ES or YM Short @ 1243 --> - 1 paper 13:42
<eminitrader>  Long ES @ 1242.50 13:51
1 only
Exited all ES Long @ 1244.50 --> + 2 14:04
dont want to push it
<pat255> vn emini
<eminitrader> good chance of a breakout14:05
thx pat
<szubaark_away> good entry also emini..u had breathing room but u know best
<eminitrader> if it breaks 1246
on a day like this szu i'm happy ..had a stop of 3 ticks so happy with 814:06
<codehead> Qm new lod14:24
<eminitrader>  Long ES @ 1242.50 14:26
exit stop moved to breakeven ES @ 1242.50 14:33
* szubaark_away is now known as szubaark14:34
* Disconnected 14:35
* Attempting to rejoin channel #futurestrades14:36
* Rejoined channel #futurestrades
<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTra desChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrad es.htm
 -X- Welcome - to pitstock mate. For pitbot commands- http://www.pitstock.com/support/pitbo t.html Pitbot symbols- http://www.pitstock.com/support/symbo ls.html
<szubaark> hi Niha14:37

Shorts NQ @ 1481.75
<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)
<codehead> QM still slipping14:38
* Awash_afk is now known as Awash
<eminitrader> whats QM codehead..i know u mentioned it once before ..i forgot?

Exited all ES Long @ 1242.50 --> 0 14:41

think i'm done for today good trading all14:42
<szubaark> emini.. Nice controlling your losses in this chop.14:43
You were Wrong, you were Gone.
<eminitrader> thx szu
<szubaark> I gave them a little too much on my Stops14:44
<eminitrader> i worked with tight stops szu nothinh more than 6 ticks today14:45

but on the nq i guess u did the best given the wild swings
<codehead> oh sorry--QM is mini crude oil14:46
or not mini--whatever, i forget lol
<eminitrader> ah ..thx cd..i was wodering
<szubaark> code.. i forgot to look at QM chart today
<codehead> never traded it, keep telling myself to check it out, don't know the $ info, etc.14:47
<eminitrader> does it influence the es/nq all that much..or is it something loke crude
<jperl> rather slow day on ER2 but nevertheless profitable....14:48

here are my executions....

http://charts.dacharts.com/2006-07-17/JP ERL_012.png14:49
<szubaark> jperl, Nice. At least you Green.14:50
<jperl> yes...but rather boring day overall
<eminitrader> 70% hit rate thats very good jper114:51
<jperl> markets mixed overall....

of the 9 indices I follow...14:52

5 up 4 down
<eminitrader> u follow 9 and trade just the er ?
<jperl> I watch 9 indices to gauge overall market strength....trade only ER214:53
<eminitrader> wow..
<jperl> I don't chart 9 I just watch the net up or down of nine
<eminitrader> do u give all 9 equal wt or narrow in
reason i ask is there r prolly not many days when all 9 are in the same direction14:54
<jperl> here's what it looks like.... just a quote page....

http://charts.dacharts.com/2006-07-17/JP ERL_013.png14:55

green ones are up for the day, red ones are down
<eminitrader> k14:56
watching so many dont u find any conflicts
in terms of overall mrkt direction14:57
<jperl> well today, you see a mixed market

so be cautious when you trade a day like this one

don't load up the boat
<eminitrader> but most of the days at least a couple will be in the oppsite direction right. i mean its not many days where all 9 are moving in the same direction14:58
<jperl> on a good day, they all move together

or most of them14:59
<eminitrader> i watch the $indu $compx and have a hard time reading the overall flow
with the ES15:00
<jperl> well that's not enough data
<eminitrader> actually i follow the 3 min NQ too
guess thats why the mrkt is so unique ..so many traders and each of us our own holy grail :))15:01
<Awash> test of support15:02
<szubaark>  exit stop moved to breakeven NQ @ 1481.50 15:03
<eminitrader> lower highs with 4 pivot lows taken out ..wonder if it means anything or best to sit out15:04
<szubaark> .
<Awash> it's tough trading this
<eminitrader> agree A15:06
excellent entry szu :)15:07
<szubaark> emin..i need this to save me from all the early screw ups today
<eminitrader> u'll get it szu my chart shows 81.50 as a pivot high.. i doubt if it will come back to test it today ..play safe :)15:08
<szubaark> 1471-1470 Target (getting greedy)15:09
<eminitrader> :))15:10
most likely that the lows will hold and we see an inside day today in the ES15:11
if thats the case then tommorow should be a good trading day15:13
all speculation..........in search for a good trading day
<pat255> emini u do well on es ...vn trades today will look at es tomorrow..15:15
<szubaark> pat what u trade? dont think i seen u post any trades in here15:16
<eminitrader> thx pat
<pat255> szu trade er ...my trades are no good lose ...sigh sp awitch to es ...15:18
if u follow my few trdaes ..u will be red very soon ...luvky for me i only trade 1 ctrct15:19
<szubaark> pat ER is TOUGH to trade. I lost a lot of money trading that beast
<pat255> quite correct ...so will switch to es ...kicking myself ..
<eminitrader> i heard that too..looks like ES is easy to trade in comparision i mean15:20
<pat255> well u dont lose very fast ...k 1 pt takes 1 hour or so...
i did not say easy just that if u are wrong u can get out with a pt loss15:21
not 2 pts on er
<eminitrader> yep ..and if u catch the move ..its a high reward
<pat255> ahree emini15:22
posting trades is easy but if u are high% of losers ...does no good
bettre for me to trade with niha emini etc
<eminitrader> no one like niha..he's got it down to skill that might put us to shame15:23
<szubaark> pat yes.. u can pick up a lot from Niha and emini
yes.. Niha is Another Category LOL15:24
<Awash> agree
<pat255> agree....
<szubaark> His trading is unhuman
<eminitrader> lol
<pat255> especially i like he switches ...when he is wrong ..15:25
<eminitrader> what amazes me r his reversals..man he gets it down to the tick
* Ingrid is now known as INGE
<pat255> right
<eminitrader> u read my thoghts pat
* INGE is now known as Ingir15:26
* Ingir is now known as Ingrid
<eminitrader> trying to do that ...burnt my fingers but its worth it if i get half of what he gets :)
<pat255> the only problem is when he posts ..the er is already up 4-5 ticks & now u wonder to get in or not
<szubaark>  Covered all NQ Short @ 1478 --> + 3.75 15:27
<pat255> but still learn from the setups
<eminitrader> well pat thats i thing u should be cautioned abt in this room ...DO not follow trades Unless u system triggers it15:28
<pat255> right emini ...very true
<eminitrader> nice szu
i get to post my entries/exits very quickly since most are limit orders..15:29
<szubaark> thanks
<pat255> ty emini15:30
<szubaark> Plus.. Niha trades the Opening, and Opening is most Volatile.
<eminitrader> generally we tend to lag when its the reversals or the brekout kind of entries..sometimes random entries...happens quite a lot to me
yep that too szu15:31
working on kicking that habit of random entries
<szubaark>  Long NQ @ 1476 15:35

possible double bottom

exit stop moved to breakeven NQ @ 1476 15:39

Exited all NQ Long @ 1480 --> + 4 15:44
<eminitrader> nice ending szu :)) back in the green ?
<szubaark> No :) frikin commissions always nail me at the end15:45
<eminitrader> lol
<szubaark> but happy i came back
<eminitrader> boost up yhe confidence
<szubaark> emini better lose $20 then $100!
<eminitrader> agree szu
even better if its just the commish15:46
that way u dont give any to the mrkt
<szubaark> i know u Plus for day :]
<eminitrader> yes szu ..not by too much but decent15:47
<pat255> c u all am ty all15:49
<eminitrader> looks like a pull back after testing the res @ pivot high exactly 81.50 szu
<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)
<eminitrader> bye pat
<szubaark> emini.. 1485 to 1474=1481.50?15:50

just make sure im on the same page15:51
<eminitrader> no szu these r pivot highs/lows t..lots of posts today on this ..81.50 was a pivot high made @ 2:57 est15:52
basically minor supp/res # used for s/r plays but may pick up momemtum turning to a big move or b/o in a choppy mrkt15:54
minor = short term
<szubaark> ok.. yeah those are fine in a choppy market like today, but i woudnt could on those in a Trend or 2-way market15:55

my best days are when we have strong trend day and i just sell pullbacks.. my Stops are small since im going with the trend15:56

Chop days like today is where i suck.
<eminitrader> yes szu..like i said before i basically take them into a/c when placing stops
but u can always expect a bounce off these numbers ...if the bounce has momemtum or not is a totally different discusion altogather15:58
every one sucks trading a choppy mrkt szu15:59
<szubaark> i just dont know why i always EXPECT this will be the breakout THIS TIME and keep entering these trades16:00
<eminitrader> lol same here ... took some on 1 trade , b/e on the other16:01
today
<codehead> naz managed a green close by a frac :-P16:03
<eminitrader> hopefully tommorow will be a good day to trade ..today being an inside day
the dow too16:04
<Awash> hopefully

good night all
<eminitrader> in the green
<Awash> off to play some basketball
<eminitrader> bye A
<codehead> have fun16:06
<szubaark> bye
<NihabaAshi> Take care all and I won't be trading tomorrow (Tuesday) either.16:19
<GoodMood> hi niha
<NihabaAshi> In addition, I'll be on vacation from July 19th - August 5th.

Hi GM.
<GoodMood> c for SwingTradingTSL16:20
<NihabaAshi> Ok...responding now in the other room.
<eminitrader> have a good vacation Niha16:21
u picked the right time for a vacation :)
see ya all tommorow16:22
* DisconnectedSession Close: Mon Jul 17 16:26:50 2006

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