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#FuturesTrades August 6th Monday 2007 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+38.60	+85.00	+2070.20
$3,860	$8,500	$207,020

Pattern Signals and Profit Targets

758.50 - 755.40

click on image to view actual size

Current Performance Record

Current WRB S/R Zone(s)

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 or participate in the market discussions.

Lurking (not participating) in #FuturesTrades will not allow you to reach your trading goals nor will it answer your questions that you need answered to help with your trading. Therefore, it's to your benefit to participate in #FuturesTrades especially if your a struggling trader or a trader not reaching your profit goals.

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.

In fact, many of my trades or profit targets will occur within key WRB support/resistance zones because these price areas gives me a better understanding of key changes in supply demand.

Traditional pivot point analysis or traditional s/r levels are inadequate in understanding changes in supply/demand of the Russell 2000 Emini ER2 or any other trading instrument of today's markets in comparison to WRB Analysis.

WRB Analysis is also a key aspect in my use of intermarket analysis, market seasonal tendencies, volatility analysis and custom Japanese Candlestick patterns to complete my trading plan that results in consistent profits.

Further, position size management is a key aspect of my trading and I trade any where between 1 to 9 contracts per trade depending upon the volatility, trade signal and seasonal tendencies.

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.

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.

#FuturesTrades purpose, benefits and access info for day traders, swing traders and position traders...click here.

Session Start: Mon Aug 06 09:32:29 2007Session Ident: #futurestrades

* Now talking in #futurestrades 09:32

<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm

<NihabaAshi> Long ER2 @ 760.60 -> medium size 09:35

Exited all ER2 Long @ 858.90 --> + 98.3 09:36

Exited all ER2 Long @ 758.90 --> - 1.7 09:37

Shorts ER2 @ 758.30 -> medium size 09:39

Shorts ER2 @ 757.50 -> Add 09:40

<Pepe> Hi All

<eminime68> hi 09:41

<pat255> gm all 09:42

<NihabaAshi> Covered 1/2 ER2 Short @ 756.00 --> + 1.5

<pat255> vn niha ...

<NihabaAshi> It's a high probability for a trend day (up or down)... 09:43

I just have to trade both direction to find that possible trend if/when it shows up.

<pat255> looks like S today ..any move up.. 09:44

<NihabaAshi> Covered ER2 Short @ 750.80 --> + 7.5 09:47

Holding 2 contract remainders

<szubaark> nice Reversal. 09:48

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, 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)

<NihabaAshi> Hope someone noticed that I've been doing 1-3 contracts the past few trading days but bumped my position size up "today" only. 09:49

<pat255> nice change niha .. 09:50

<szubaark> Why the change?

<NihabaAshi> Today I'm trading a market seasonal tendency for trend days (when they show up).

<pat255> we are lost ...wow no move up

<NihabaAshi> Tomorrow is a FED announcement that's very "unusually heated" debate about which way they should go (cut, unchange et cetera). 09:51

Anybody catch Jim Cramer's rant about this the other day.

Lots of analysts are doing the same...

It's "very emotional" high volatility stuff.

Sets up a nice trend day or strong early morning price movement. 09:52

<pat255> yeah cramer will rant ..he is always long .. 09:53

<NihabaAshi> Many others doing the same but without the "words". 09:54

The Bear Stearns action on Friday is a good example of how fast the market can move or react. 09:55

<pdays> Long ER2 @ 748.7 09:57

Exited all ER2 Long @ 750.1 --> + 1.4

late post

<NihabaAshi> Covered ER2 Short @ 855.50 --> - 97.2 09:59

Reverse and Enter Long ER2 @ 855.50

will correct in a minute. 10:00

<szubaark> Fast moves

<NihabaAshi> Covered remainder short @ 755.50 and I'm Long @ 755.50 with 2 contracts 10:01

Long ER2 @ 755.50 -> small size 10:02

Exited all ER2 Long @ 755.60 --> + 0.1 10:03

Shorts ER2 @ 754.10 -> large size 10:04

<szubaark> Shorts ES @ 1442.75 «« paper »» 10:10

<Brutus> Long ES @ 1440.5 «« paper »» 10:11

<szubaark> exit stop set ES @ 1442.75 «« paper »»

<Brutus> 10 pt target 10:12

<NihabaAshi> Covered 1/2 ER2 Short @ 750.60 --> + 3.5

<szubaark> Lets see IF ES re-tests Lows 10:13

<Brutus> exit stop set ES @ 1438.5 «« paper »» 10:14

<szubaark> Covered all Short ES at 1442.75 --> 0 «« paper »» 10:15

<NihabaAshi> :( 10:16

Covered Remainder ER2 Short @ 753.50 --> + 0.6 10:17

They pick pocketed very nicely on those remainders :( 10:19

<szubaark> me too :((

Shorts ES @ 1439 «« paper »» 10:20

Looking for more downside followthru

<NihabaAshi> Long ER2 @ 750.30 -> small size 10:22

3 only

Volatility just dropped big time... 10:23

expecting a volatilty spike here soon.

Not sure if I want to be hanging around when that happens. 10:24

<Brutus> Exited all ES Long @ 1438.5 --> - 2 «« paper »»

<NihabaAshi> Exited all ER2 Long @ 849.50 --> + 99.2 10:25

sorry about the mix ups on the key board with numbers 7 and 8... 10:26

<szubaark> exit stop set ES @ 1439 «« paper »»

<NihabaAshi> I'm using a different key board today while spouse if using my wireless key board on the other computer.

correcting now... 10:27

<szubaark> Looking for a downspike no Exit this Short

<NihabaAshi> Exited all ER2 Long @ 749.50 --> - 0.8

Shorts ER2 @ 747.10 -> small size 10:28

<szubaark> Covered all Short ES at 1436.25 --> + 2.75 «« paper »»

<NihabaAshi> 3 contracts only

Shorts ER2 @ 747.90 -> Add 10:32

ER2 all over the place :(

<pat255> yes ...dangerous

<NihabaAshi> Covered 1/2 ER2 Short @ 746.50 --> + 1.4 10:33

<szubaark> crap..need to re-boot charts went down :(( 10:34

<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) 10:35

<NihabaAshi> Covered Remainder ER2 Short @ 748.10 --> - 1 10:36

Long ER2 @ 749.50 -> small size 10:39

3 only

Don't like my entry... 10:40

Covered ER2 Short @ 749.60 --> - 0.1 10:41

Reverse and Enter Long ER2 @ 749.60

That's a short at 749.60 and +0.1 on the Long position

Looking to add to the Short

Shorts ER2 @ 749.60 -> small size 10:42

Shorts ER2 @ 749.10 -> Add

<szubaark> Buys ES @ 1436 «« paper »» 10:43

<NihabaAshi> retail traders doing most of the damage these recent trading days via fighting among ourselves :(

<Brutus> only ES made a new low that time 10:44

<NihabaAshi> I've seen more 1 contract trades in the past trading days then I've seen in a very long time prior. 10:45

<Brutus> they are painting the tape Niha

<NihabaAshi> Shorts ER2 @ 750.70 -> Add 10:47

Covered 1/3 ER2 Short @ 749.30 --> + 1.4 10:49

<szubaark> Exited all Long ES at 1436 --> 0 «« paper »» 10:50

<NihabaAshi> Covered 1/3 ER2 Short @ 748.60 --> + 1

moving fast again

:(

Covered Remainder ER2 Short @ 748.80 --> + 0.8 10:51

<szubaark> Tough to hold on with this Price Action 10:53

<NihabaAshi> Shorts ER2 @ 745.70 -> small size

2 only 10:54

Starting to reduce my overall position size

Shorts ER2 @ 746.20 -> Add 10:55

Shorts ER2 @ 747.10 -> Add 10:58

Got my stop at a very difficult area in a WRB

tightning it up now. 10:59

Covered all ER2 Short @ 747.90 --> - 3 11:00

<pat255> hmmm :( 11:01

<NihabaAshi> Long ER2 @ 746.50 -> small size 11:02

2 only 11:03

:( 11:05

no fill

wanted an add @ 745.70

couldn't get it.

Long ER2 @ 745.70 -> Add 11:06

That ADD doesn't look so hot now :(

Exited 1/2 ER2 Long @ 746.00 --> + 0.3 11:07

<szubaark> Tight ranges now.. time for lunch 11:09

<Brutus> feels like the calm b4 the storm

<NihabaAshi> Agree. 11:10

Might be a good time to get out and sit on the sidelines.

Exited Remainder ER2 Long @ 746.30 --> - 0.2 11:11

<jperl> time for a break.....trades here....

http://charts.dacharts.com/2007-08-06/JP ERL_0112.jpg 11:12

<NihabaAshi> Going to lunch because I'm not getting anywhere with the declining volatility after my first few big trades.

<jperl> had my shirt ripped off this morning

* NihabaAshi is now known as NihabaAshi_lunch

<Brutus> ru sure they stopped there JP? :)) 11:15

<jperl> my last trade was at 10:53:14 11:16

<Brutus> was a bad joke to your comment, plz ignore 11:17

<jperl> oh ok....actually a good joke

at least they didn't get my pants

<Bambam-77> 754.7 pos er trgt need to hold above 52 11:28

if we clear 54.7 next pos is 56.7 area 11:33

missed by a tick big deal pos rtrc 11:34

<Brutus> Low volume on this rally, I think ES is going to make new/test the lows 11:35

<Bambam-77> 2pt pos rtrc considered normal for me 11:36

less trend in tact

* NihabaAshi_lunch is now known as NihabaAshi 11:48

<Bambam-77> 56.7 on dec

58.7 next pos 11:49

<NihabaAshi> Long ER2 @ 756.90 -> small size

<pat255> man alive just keep pushing up 11:50

<Bambam-77> taking par at 58.7

<NihabaAshi> Exited all ER2 Long @ 758.00 --> + 1.1

<Bambam-77> wtg

trgt hit

next par at 60.7

<NihabaAshi> Long ER2 @ 758.20 -> small size 11:52

1 only

dropped my overall position size a to its lowest of the trading day.

<Bambam-77> trend in tact still

<NihabaAshi> Exited ER2 Long @ 757.60 --> - 0.6 11:55

Reverse and Enter Short ER2 @ 757.60

<Bambam-77> using 756 area as ss trigger

scalping to that trgt counter trend

<NihabaAshi> Covered ER2 Short @ 756.90 --> + 0.7 11:58

Shorts ER2 @ 755.80 -> small size 11:59

1 only and a trade error 12:00

<Bambam-77> protect scalp ss looking to add on rtrc

trigger hit

<NihabaAshi> Covered ER2 Short @ 754.60 --> + 1.2 12:02

<Bambam-77> 55.80 was trgt

<NihabaAshi> Lucky exit considering it was a problematic trade for me.

<Bambam-77> 53.8 next 12:03

55.9 pos rtrc lvl 12:04

or less trend in tact

ss 12:05

51.80 next pos 12:07

49.80 if we cont down 12:10

<codehead> long YM 13300 <paper> 12:30

on cci zlr 5 min signal

raise stop to 13309 <paper> 12:32

stalling a little

out +9 <paper> 12:33

<doublejay> hi all, today I'm late...

<codehead> gm

<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) 12:38

<codehead> the recommended way to handle that cci trade i did was to raise stop to b/e +1 when 10 ticks ahead--the stop woulda have held and it would be up 40 ticks here 12:40

<doublejay> codehead: you are trading Woodies CCI or another system based on CCI indicator? 12:41

<codehead> woodies

i took one real trade today, got up late and got 33 on an anticipated cci signal that went, but i have a cold and don't want to the stress today so was reluctant to take that one for real 12:42

actually my trade went about 60, but i fumbled moving the stop up on the dang scrolling display and it just touched me for +33 12:43

but that zlr at 13300 was the first long zlr today on YM 5 min

(the trade i took earlier was on 3 min) 12:44

so it's pretty significant

fwiw, 60 min nazdaq stochastics crossing over into buy signal 12:45

that usually works for medium term

<doublejay> I was testing WCCI in the past but I was not in long-time profit. 12:48

<codehead> i haven't been good to sticking to it, so i don't know... 12:49

this trade though, still no exit signal, and would be up 60 12:50

i'll watch it a try to call the exit signal just to track the track

next bar should print exit, but no quite there yet 12:58

a lot of people would be out here +50, i'll wait till the bar closes, so people who really want to hold the trade as long as lossible 13:00

possible :-/

<NihabaAshi> These 15 point ER2 ranges are nice. 13:04

Makes it much easier to have a big trading day.

<codehead> ok, exit signal printed at 13354, for +54 13:05

<NihabaAshi> Maybe we'll get lucky and it becomes common place.

<codehead> that's for conservative bar-close traders

<NihabaAshi> So much that we'll call a 10 point day a range day :)

Shorts ER2 @ 757.70 -> small size 13:10

1 only

Looking for an s/r zone below to dump this trade or a retrace back within the heart of the s/r zone above me. 13:11

Covered ER2 Short @ 758.80 --> - 1.1 13:20

Shorts ER2 @ 759.10 -> small size 13:23

Covered ER2 Short @ 759.20 --> - 0.1 13:26

Reverse and Enter Long ER2 @ 759.20

2 contracts now

will add another 13:27

nevermind...too close to some resistance for an add.

Exited all ER2 Long @ 758.10 --> - 1.1 13:30

Shorts ER2 @ 758.60 -> small size 13:33

2 only

:( 13:35

Punks :( 13:37

I've had more no fills in the past 2 weeks of trading than I've had all year :( 13:38

Covered all ER2 Short @ 758.50 --> + 0.1 13:39

:(

It was a lousy 2 contract trade...can't imagine why no fill...its not like a 200 contract trade (all or none). 13:40

Geeesh.

<pat255> may be miss by a tic or so?

<NihabaAshi> It went through it as many of the others. 13:41

However, I don't see any prints at that price until "after" I change the order to dump at market.

ER2 bounces 2-5 tick levels without a print :(

Taking a break...I don't trade well when I'm mad. 13:42

Be back later.

* NihabaAshi is now known as NihabaAshi_away 13:43

<Pepe> :(

<szubaark> Buys ES @ 1446 «« paper »» 13:59

Exited all Long ES at 1449.25 --> + 3.25 «« paper »» 14:08

<Brutus> Nice trades today Szu 14:11

<szubaark> thanx.. 14:13

<venedom> godd afternoon 14:17

<szubaark> hi v 14:18

* NihabaAshi_away is now known as NihabaAshi

<codehead> QM incredible pounding today 14:30

jsut closed

<venedom> 764.2 14:41

Shorts ER2 @ 764.2

Covered all ER2 Short @ 764.2 --> 0

<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) 14:44

* szubaark is now known as szubaark_away 14:52

<NihabaAshi> Shorts ER2 @ 765.30 -> small size 15:35

Covered ER2 Short @ 766.80 --> - 1.5 15:38

Reverse and Enter Long ER2 @ 766.80

Exited ER2 Long @ 767.00 --> + 0.2 15:43

Reverse and Enter Short ER2 @ 767.00

2 contracts now 15:44

Covered all ER2 Short @ 767.90 --> - 0.9 15:46

Long ER2 @ 768.30 -> small size

Long ER2 @ 768.40 -> Add 15:47

Exited all ER2 Long @ 767.00 --> - 2.7 15:49

Shorts ER2 @ 767.90 -> large size 15:51

:( 15:54

Covered all ER2 Short @ 769.10 --> - 1.2 15:56

Unreal...price pushing hard via 1 contracts before the large sizes come in.

<ItalianSharp> yep...i was actually expecting a spike to the downside when i saw retailers on T&S 15:57

<NihabaAshi> Shorts ER2 @ 769.70 -> large size 15:59

I need a 767.50 to clean up the mess of the several trades... 16:00

Ooops...we are there now.

Covered all ER2 Short @ 767.80 --> + 1.9 16:01

Shorts ER2 @ 768.10 -> small size 16:03

3 only

That's a 5 tick change over from 768.40 to the next tick of 767.90 on a single contract before it bounced back upwards :( 16:06

<ItalianSharp> yeah...niha you should be careful at this time when liquidity dies out...i remember 3 weeks ago i got myself stuck in a position after 4pm and had to settle it out at horrible prices after 16.15 16:07

since then, i decided to close every position by 4pm 16:08

however, it looks like your position is not in trouble now

<NihabaAshi> Covered 2/3 ER2 Short @ 766.70 --> + 1.4 16:10

I've been doing a lot more Camtasia live recordings these past 5 days of trading to document the "strange price movements on single contracts".

For example... 16:11

Pretend example...

There's a print at 766.60 @ 14:12:11 on 1 contract 16:12

Next print is 766.10 @ 14:12:12 on 1 contract

5 tick difference in 1 second or sometimes the same second. 16:13

<ItalianSharp> couldnt that be because of lack of liquidity between different levels?

<NihabaAshi> Yes but I don't know why and I've NEVER seen ER2 like that even when it was first born.

IN reference to the Emini ER2 birth. 16:14

<ItalianSharp> do you mean that there used to be much more liquidity in ER2 even after 4pm?

<NihabaAshi> Covered Remainder ER2 Short @ 766.40 --> + 1.7

I'm talking about throughout the trading day from its regular trading hours of 0930am to 4:15pm est. 16:15

Sponsor:
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<ItalianSharp> did you happen to see such a behavior during regular trading hrs as well???

like at 1pm or 10am? 16:16

<NihabaAshi> There's these jumps from one level to another level by many ticks (2-5 ticks) on a single contract

ItalianSharp...I've been talking about them here in #FuturesTrades for a week now "as they were occurring".

<ItalianSharp> i haven't been reading FT much niha...i must have missed some of those comments...sorry 16:17

nevertheless, i've noticed the same thign on YM

<Brutus> I think what you are seeing is the automated trading in control, they are auto populating the book and when their orders are lined up they pull them an run the tight stops

<NihabaAshi> Only reason I've been using my Camtasia recordings more heavily lately is because I want to document them while I'm away from the computer.

I've had a several days off from the markets and longer breaks during the trading day the past few weeks. 16:18

<Brutus> something like that from what I read

<NihabaAshi> Thanks Brutus...that could be an answer.

<Brutus> Niha did you confirm on a seperate T&S download

or give me a time and I will confirm the jump. 16:19

<NihabaAshi> Yes...time & sales in Qcharts, FutureSource and Velocity Futures trade levels.

<ItalianSharp> these days are very volatile but liquidity is very good...meaning there is good institutional participation

<NihabaAshi> I've give you the most recent one...just a minute...

I'm running my recorder backwards now :) 16:20

<ItalianSharp> however, like brutus said...when the automated programs kick in, they just clean up different levels and T&S probably ends up lagging and either not showing it or showing it late

i read somewhere that T&S can be way off when markets are extremely volatile

<NihabaAshi> Yep

If all three different sources are because of such... 16:21

That would imply my ISP isn't keeping up with the data bursts instead of three independent sources having problems at the exact same time.

<Brutus> I'm not sure who said it, but when they auto populate the book 'their traders' ie all different branches methods can the the first in line to buy on the bid or cover etc any unwanted orders are automatically pulled, they(again) also knoe the strenght of the book and the order flow/ pulled trades so when its their orders predominantly they can play their games 16:22

<NihabaAshi> I'm still rewinding backwards...

Here's a 2 tick jump... 16:23

<Brutus> I think it was Nitro saying how on Feb 27th hes firm make record profits on the volatility

<NihabaAshi> 767.40 @ 16:08:59 then the next print 767.20 @ 16:09:01 16:25

767.20 to 767.00 @ 16:08:46

I'm going to skip the 2-3 tick ones and look for the bigger jumps... 16:26

<Brutus> When the order book is full n normal such jumps show strenght and weakness

<NihabaAshi> Well...I know one thing...

I'm recording all of it...will study it and I want to start exploiting the info soon :) 16:27

<Brutus> On these days I traders must use more market orders

<NihabaAshi> There's something there I can use...I know it.

Brutus...what do you show for the one I talked about earlier? 16:29

[16:12] <NihabaAshi> There's a print at 766.60 @ 14:12:11 on 1 contract

[16:12] <NihabaAshi> Next print is 766.10 @ 14:12:12 on 1 contract

Ooops...wrong one...

I'm looking for the big one around 16:06 that got me mad... 16:30

Found it... 16:31

<Brutus> I have the same data as your example, the BxA spread to 2 ticks 16:32

<NihabaAshi> 768.40 @ 16:05:45 then three consecutive prints of 767.90 @ 16:05:45 16:33

<Pepe> good night All

<Brutus> Heres a good one, 12:07:35

751.5 then 752 16:34

<ItalianSharp> niha, i have different prints

<Brutus> the BxA opened to 8 ticks 751.5 x 752.3 16:35

<ItalianSharp> i dont have that big gap

<NihabaAshi> What do you have?

<Brutus> from esignal

<ItalianSharp> esignal as well

i have a smooth fall to 767.90 16:36

tick by tick

<NihabaAshi> :(

That would imply data problems via my ISP.

<ItalianSharp> like...if i start reading my T&S from 16.05.37...

<NihabaAshi> However, earlier today while in a trade with a sell order that didn't get filled.. 16:37

<ItalianSharp> i would have a series of prints at 768.60....

<NihabaAshi> I can't remember the specifics unless I rewind everything...

However, it basically did this...

<ItalianSharp> then if i scroll up...it goes all the way down to 767.90 tick by tick 16:38

<NihabaAshi> For a 2 contract sell limit order

There was a print one tick higher than my order than the very next print was 2 ticks below my order...

No fill.

I then dumped it via a market order at an instant fill but a profit but 5 ticks less of a profit :( 16:39

Had a similar situation today for trying to ADD a contract to a trade... 16:40

1 tick printed higher than my order then the next print is 2 ticks below my order...

No fill.

<ItalianSharp> that is weird indeed 16:41

looks like they jumped around your order

<NihabaAshi> Got lucky when it traded by through but the entry was via a "market order".

Instant fill.

I'm not having any problems with "market orders" by the way.

<Brutus> Niha your 16:05.45 example I dont show any print at 768.4 16:42

<ItalianSharp> yes, same here brutus 16:43

<NihabaAshi> I show a 12 contract print at 768.40

<Brutus> ============ U.S. MARKETS ACTION ===========

DJIA up 251.75 points to 13434.72

NASDAQ up 31.93 points to 2543.81

S&P 500 up 31.02 points to 1464.08

10-year T-note down 13/32 at 98 5/32 yield 4.738

NYMEX Spot Crude down $0.02 at $72.03/bbl at close

Dollar/Euro up 0.0012 at 1.3782

<NihabaAshi> Actually...

<Brutus> US STOCKS RALLY AS CRUDE PRICES EASE

Blue Chip stocks rebound from early weakness as investors snap up financial shares, which have been heavily hit in recent weeks amid concerns about credit markets and bad home loans. Investors also are hoping for a change in the Fed Reserve's hawkish stance on inflation tomorrow, and crude oil prices dip nearly 5%. Dow gains 200 points, while the S&P 500 and Nasdaq add 24 points.

<NihabaAshi> At 16:05:45 I show the following prints...

58 contracts ---> 14 contracts ---> 9 contracts ---> 17 contracts and then the 12 contract 768.40 16:44

Then 1 contract @ 767.90 16:45

<ItalianSharp> what price do you have the 17-contract print at?

<NihabaAshi> 768.30 16:46

<ItalianSharp> looks like your prints are a couple seconds late compared to mine...

did you try to reload T&S? 16:47

<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) 16:50

<NihabaAshi> Can't reload it and that's why I record it. 16:51

Meant...if I reload it...a new history begins.

<ItalianSharp> ok...get you 16:52

<NihabaAshi> However, in the past before eSignal took over both of my different data providers...

I could go back to any trading day in the past 3 years and bring up the

Times and Sales for that particular trading day. 16:53

<ItalianSharp> i think esignal wants you to dump those softwares and sign up with them

<NihabaAshi> Now I can only get about an hour of history "if I'm lucky" :(

<ItalianSharp> they've been cutting down on major services lately...that's what it soudns like

<NihabaAshi> Yeah...its a common complaint I've been hearing lately. 16:54

That's one of the side traps of paying "annually" instead of monthly.

I'm strongly considering paying for either CQG or Bloomberg. 16:55

<ItalianSharp> yep...a trader like yourself should not take any prisoners

<NihabaAshi> I'm averaging about $450 in lost profits due to data problems each month. 16:56

<ItalianSharp> you serious?

<NihabaAshi> I figure that means I can spend up to $450 more for a better data provider if it has less problems.

<ItalianSharp> that's a lot of cash...and you should add the annual subscription to that

<NihabaAshi> It gets worst... 16:57

I'm averaging about $1,200 in lost profits per month due to ISP problems :(

<ItalianSharp> that's INSANE 16:58

<NihabaAshi> About $325 per month due to family distractions.

Everybody I know keep track of win:loss ratios

<ItalianSharp> well...family distractions are the least of all evils

<NihabaAshi> I keep track of different statistics that affects my bottom line in a different way.

<ItalianSharp> like what? 17:00

<NihabaAshi> Time Away from the Computer during trading

Pulse before, during and after the trading day 17:01

<ItalianSharp> can you make an example of time away from teh computer and how it affects your trading?

<NihabaAshi> Yeah.. 17:02

2 hour and 10 mins per day is the current average of time away from the computer during the trading day. 17:03

That includes lunch, mental breaks or personal stuff like toilet time :) 17:04

<werner> lol

<NihabaAshi> Here's the real number...

During that time away...I'm averaging about 3 ER2 points per contract of missed profits. 17:05

Those are trades I missed while away 17:06

<ItalianSharp> how do you measure time away? i mean, how can you be accurate in measuring it?

do you clock it?

<NihabaAshi> Yes

<ItalianSharp> however, have you thought of how much it could cost you to NOT TAKE TIME AWAY? 17:07

you'd get worn out at some point

<NihabaAshi> It cost more...

Here's an example...

Due to my personal family schedule (toddler and 4 year old)... 17:08

Some nights I'll be lucky to get 4 hours of sleep.

That means I get "easily exhuasted" during the trading day.

<ItalianSharp> right

<NihabaAshi> Reason for the mental breaks to rest because I'm mentally tired. 17:09

<doublejay> bye for today

<NihabaAshi> If I push it and trade ALL DAY from 0930am to 4:15pm est...

I usually have a big trading day in profits.

However, the next trading day is usually very "low in profits".

I'm very conservative...taking easy trades...not looking for points...not being aggressive. 17:10

<ItalianSharp> because you are exhausted from the prior day?

<NihabaAshi> Yep.

Gotta go...spouse calling. 17:11

Take care all and see all tomorrow.

<ItalianSharp> ok niha...see you tomorrow

<werner> hi gn all

* NihabaAshi is now known as NihabaAshi_away

* codehead is now known as codehead_afk 21:49

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