#FuturesTrades September 1st Friday 2006 Trade Log
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In addition, trades being posted by members of #FuturesTrades in the below trade post chat log are by traders that do not have access to TheStrategyLab.com strategies except for NihabaAshi.
Fee-based clients of TheStrategyLab.com strategies use the private IRC rooms called #TheStrategyLab and #SwingTradingTSL.
Further, you'll find below the chat room time stamped text log of realtime trades (real money and simulator) that were posted by full-time, part-time traders from around the world and the timestamp is eastern standard time (est).
Also, below NihabaAshi's trading blog like comments, you can read the time stamped trades (prices, entries, exits et cetera) and market discussions that sometimes contains trading tips or insights that are more useful than what you will see at any other futures blog or chat room.
Trading Blog Below is not your traditional trader's blog in the usual blog format. However, you will find informative commentary on a few occasions as time permits and such will contain trading tips that should help your trading as I attempt to sum up my thoughts 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 +7.80 +0.0000 $780.00 $0.00 Stress and its impact on our Health
First of all, I've designated the month of September to not be using my trading plan (Swing Trading Report and Trading Manual) so that I can concentrate more on my intuition trading.
With that said...it's always a psychological trading advantage to start the month by being profitable on the first trading day of the month.
In fact, there was a good discussion today that took place soon after the 10am est key economic report releases.
We talked about how trading has impact on our bodies short term and long term.
These are realities of trading that most traders don't discuss and should discuss.
More importantly, we should put in the same amount of effort or surpasses our trading in staying mentally and physically fit especially if we want to do this for many years and to be able to retire someday as a trader.
There are some good trading books about the psychological aspects of trading...here are some recommended books on the topic that should help with improving your overall trading:
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 September...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 such is represented by a particular type of price action from one of the key markets. You can view the charts and their clues that's associated with the key price action at our key market archives.
Session Start: Fri Sep 01 09:28:36 2006Session Ident: #futurestrades * Now talking in #futurestrades 09:28 <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 <asuni> gm pat, gm all <NihabaAshi> Hi all...I'll post the new password for #FuturesTrades tonight after the market close in the link http://p207.ezboard.com/fthestrategylabf rm88 09:31 <pat255> k..niha ..thks <asuni> k 09:32 <NihabaAshi> Shorts ER2 @ 725.20 -> small size 09:34 3 contracts only I'm getting some heat on this trade due to the pending 0945am est Michigan Confidence report. 09:36 <pat255> yeah be careful but good entry 09:37 <NihabaAshi> Covered 1/3 ER2 Short @ 724.10 --> + 1.1 09:39 <pat255> good start 09:40 <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) 09:43 <aym> Short YM @ 11431 risk 20 <NihabaAshi> Covered 1/3 ER2 Short @ 722.60 --> + 2.6 09:49 <pat255> vn ....:) 09:50 <asuni> and the third for the gap filled? <pat255> geez had an ethry ..on er bailed out ...sigh 09:51 L er 30..for 09:53 scalp out .. b/e not holding dang...:( 09:55 <NihabaAshi> Next on the table are the 10am est key econ reports... Should start seeing rising volatility here in a minute or so. Big dark candlestick line on the 2min chart 10:04 <les> Shorts ER2 @ 720.9 «« paper »» <NihabaAshi> Covered Remainder ER2 Short @ 721.10 --> + 4.1 10:05 I'm trading with a 1/3 of the size today in comparison to yesterday and today was more profitable. 10:06 Possible example of the psychological problems of trading when increasing position sizes. 10:07 problems associated with increased stress level. Trading Edge: Trading Strategies -> These strategies will reveal and explain specific strategies from entry to exit that exploit inefficiencies in the price action of your trading instrument for profits in the following trading instruments: Emini Index Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Index Derivatives (DAX, ESTX50), Euronext Index Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Energy Futures (CL, NG, HO, QM), Forex Currencies (EurUsd, EurYen, UsdCdn), Exchange Traded Funds (DIA, GLD, OIH, IWM, QQQQ, SPY, XLE) and Hang Seng Index Futures (HSI) <les> Covered all ER2 Short @ 721 --> - 0.1 «« paper »» 10:08 <aym> Cover YM @ 11420 10:09 <pat255> true ...anxiety increases even when in trade .. 10:10 <les> Shorts ER2 @ 720.5 «« paper »» 10:11 Covered 1/3 ER2 Short @ 720 --> + 0.5 «« paper »» <NihabaAshi> pat255...for about 3 years I use measure my pulse rate and blood pressure before the open, 1030am est...lunch and after the close. 10:12 It's amazing how trading can alter our physcial while trading. <les> exit stop lowered ER2 @ 720.2 «« paper »» <NihabaAshi> My step-father whom was a floor trader only lasted in the business for 5 years... 10:13 <pat255> gl ..oh man u have really dug into this ... <NihabaAshi> Doctors told him it would kill him...stress related stuff was showing up in his body (hypertension, chronic migranes, chronic lower back pains et cetera). 10:14 <pat255> it is a stressful buisness tho ...money on the line 10:15 <asuni> one year ago i did something similar to u, niha <les> Covered 1/3 ER2 Short @ 719.8 --> + 0.7 «« paper »» <asuni> measuring my pulse rate during trading, looking to stop trading when pulse rate over 110/min <NihabaAshi> Agree. <asuni> to condition myself to be calm 10:16 but is hard, very hard <NihabaAshi> Its one of the reason why I take so many "time outs" during the trading day to get away and do either personal stuff, spent time with the family or taking very long lunch naps. <asuni> when 8.30 am is arriving, i can see that allmy body increases it metabolism 10:17 heart rate , breath rate, and so on i try it too, but charts are a kind of magnet for me........... <NihabaAshi> I found out that I was more profitable trading less (no more than 4 hours per day) in comparison to trading all day along with my stress level being under control. 10:18 <deepitm> I've taken up running. My pulse rate is low, blood pressure low. At least I'm now calm as I loose money ;) <NihabaAshi> :) <les> Covered Remainder ER2 Short @ 720.4 --> + 0.1 «« paper »» 10:19 <asuni> now for example my pulse rate is 98/min............. :-( and i'm flat........... 10:20 <pat255> asuni are u wired? <asuni> wired? can't understand, sorry <pat255> how do u measue ..just count? 10:21 <asuni> now yes, i count my heart rate for 15 seconds and then x4 but last year i had an instrument to measure my pulse rate, with an alarm over 110 10:22 <NihabaAshi> asuni...I was at 62/min before the open and just took it again out of curiosity...65/min. <asuni> good <NihabaAshi> Not sure what it was during the trade...usually its around 75 - 80/min when in a trade. <asuni> could be interesting to know ur pulse rate just before and after the entry 10:23 <pat255> ty <asuni> would be wonderful probably u are a calm person out of trading, niha 10:25 not quick-tempered <deepitm> I can see it now. Excel spreadsheets on pulse vs #contracts, or pulse vs market traded. Of course we would apply technical analysis and optimize it ;) 10:26 <asuni> :-) 10:27 <pat255> niha ..i had prob when u changed pw...just check your list my nick on the ezboard is vin15...diff than here ...ty 10:50 wife did the resiteration so diff . <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) 10:55 <les> Shorts ER2 @ 721.5 «« paper »» 10:56 its got trouble breaking outa anything today 11:08 Covered 1/3 ER2 Short @ 721 --> + 0.5 «« paper »» 11:19 Covered Remainder ER2 Short @ 722.2 --> - 0.7 «« paper »» 11:28 time to go - cya all tuesday 11:29 Sponsor: <pat255> c u all later ...ty all 14:44 <NihabaAshi> Hi Yo... 14:54 I looked at your chart from yesterday...some of those expansion bars do not represent a WRB. The body of the bar needs to be > each body of the prior three bodies 14:55 At the minimum. I use three while others use 5 or 7 Reminder: #FuturesTrades new password will be posted later tonight. 14:56 <yo> thnx niha for your respons 14:57 i think there is not a study in ts to plot this analyse 15:02 do you now if elite trader has that study niha 15:03 <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) 15:40 <NihabaAshi> [15:03] <yo> do you now if elite trader has that study niha 16:02 I don't know of any computer code that picks up just WRB's. However, their computation is simple and any computer code should be able to computer something that has a body > the bodies of the prior three intervals. 16:03 Bodies defined as the price area between the Open and Close... NOT as the price area beetween the High and Low. 16:04 I myself many years ago had setup my easylanguage codes to audio alert and highlight WRB's. 16:05 Easylanguage in reference to TradeStation. I no longer use TradeStation but I still have the program...its no longer installed nor do I have updated versions. 16:06 Sponsor:
<yo> thnx niha i have i look at the ts forum maybe is find someting there 16:09 what do you use now ensign? 16:11 <codehead> the sum of the body length on those 3 previous bars, ya niha? <NihabaAshi> No 16:22 WRB Body > Body1, WRB Body > Body2 and WRB Body > Body3 16:23 Not any sum. Lets pretend the current price area between Open and Close is 15 ticks. <codehead> oic <NihabaAshi> The prior interval body is 10 ticks...next prior is 12 ticks and before that is 6 ticks. 16:24 15 > 10, 15 > 12 and 15 > 6. That makes the 15 a WRB. Had any of those prior numbers > 15. 16:25 15 wouldn't qualify as a WRB. <codehead> k and you look for a WRB as indication of volatility, right? as a setup for another trade trigger? 16:26 <NihabaAshi> I use WRB to determine rising volatility and to determine shifts in supply and demand. For declining volatility I'm looking at small bodies and shadows that are small or the bodies expand very slowly. 16:27 <codehead> k <NihabaAshi> WRB simply tells me to stop picking my noise and pay attention because something is about to happen. :) <codehead> hehe <NihabaAshi> I then cross my fingers that one of my pattern signals appear or that I good a sudden good feel (intuition) for the market price direction. 16:28 meant get a good indication of the feel (intution) for the market price direction. 16:29 This year I've been "intentionally" doing more Intuition Trades because I'm testing my ability to "react" to price action in comparison to following a detailed specific trading plan. 16:30 Then when my intution gets me into a deep hole (big losses)...I go back to my detailed trading plan to dig myself out of that hole. 16:31 <codehead> whew, i hear that 16:32 started an older stock trader friend of mine doing futs past couple of months i've been warning him since day one about averaging down versus stepping out or reversing if it's going against him 16:33 he keeps managing to bail himself out but... a couple days ago he was down $24k (!!) on Qm before getting out with $4-6k profit whew 16:34 (yikes) <yo> thats not daytrading codehead 16:35 <codehead> ya, daytrading he held like 2 contracts overnight, then trded his way out of it 16:36 <yo> thats swingtrading i think <codehead> no, except that he started out a little down by buying QM at the close one day, two contracts 16:37 <yo> k <codehead> kept adding the next day as it went against him, then got a little bounce to get out <yo> thnx all leave room open for the new code 16:40 see you next week <codehead> cya * DisconnectedSession Close: Fri Sept 1st 16:45:22 2006 16:45 Sponsor:
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