#FuturesTrades September 11th Monday 2006 Trade Log
#FuturesTrades is a private and free realtime trading posting chat room on the IRC Othernet server that allows traders from all over the world to communicate.
Click here for the instructions on gaining access to #FuturesTrades.
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 +6.10 +0.0000 $610.00 $0.00 Remembering 911
Market begin the day with silence to show respect and to remember the human lives lost on September 11th 2001.
With that said...someone notice I've been taking a lot of intuition trades (trades outside of my trading plan).
These intuition trades are intentional and the main reason why I'm doing them is to help develop more control of the emotional aspect of trading and to to develop more of a feel for the price action that will allow me to quickly adapt to changing markets that have price action that reside outside of my trading plan.
More importantly, I'm trying to become more efficient and more active in my trades without having to increase the number of trades.
So far this year its working very well and when it doesn't...I go back to my trading plan to dig myself out of the red (losses).
Also, one of the key aspect of my intuition trades are WRB Volatility Spikes.
If your already a fee-based client...send me a question about WRB Volatility Spikes and I'll reply back to you with an in-depth and useful information.
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: Mon Sep 11 09:29:26 2006Session 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 * szubaark_MaxLoss is now known as szubaark <PapaJon> gm all 09:32 <NihabaAshi> Long ER2 @ 710.60 -> large size 5 contracts <PapaJon> nice entry niha 09:38 <NihabaAshi> Exited ER2 Long @ 712.30 --> + 1.7 Holding 2 contracts <yo> gm all 09:39 <ItalianSharp> nice start niha 09:40 <NihabaAshi> Exited Remainder ER2 Long @ 710.90 --> + 0.3 09:45 Shorts ER2 @ 710.00 -> small size 09:47 2 contracts only Covered all ER2 Short @ 709.40 --> + 0.6 09:50 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) Shorts ER2 @ 708.80 -> small size 09:52 Shorts ER2 @ 708.50 -> Add <szubaark> Buys NQ @ 1584.75 09:54 <silo1> niha!!!! emini! <NihabaAshi> Covered ER2 Short @ 709.40 --> - 0.6 09:55 Reverse and Enter Long ER2 @ 709.40 3 contracts <eminitrader> morn all...having pbs with my internet 09:57 <NihabaAshi> Prior Short -0.60 on 2 contracts and -0.90 on 1 contract. 09:58 <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) <pat255> gm all.. 09:59 @office ...today ...:( 10:00 <NihabaAshi> Prices starting to get a little jumpy on decreasing volatility. :( Exited ER2 Long @ 709.30 --> - 0.1 10:03 Reverse and Enter Short ER2 @ 709.30 Covered ER2 Short @ 709.90 --> - 0.6 10:04 Reverse and Enter Long ER2 @ 709.90 <silo1> you guys think the market is going higher or lower? 10:05 <NihabaAshi> Too jumpy for me...looking to jump this and stay on the sidelines...price starting to do what it has been doing for the past several weeks. <pat255> nice reverse niha.. 10:06 <szubaark> yup.. too jumpy too tight 10:08 <NihabaAshi> Exited all ER2 Long @ 710.40 --> + 0.5 <pdays> Shorts YM @ 11465 10:09 <szubaark> exit stop set NQ @ 1584.75 10:10 Exited all Long NQ at 1584.75 --> 0 too frikin tight <pdays> Covered all YM Short @ 11460 --> + 5 <szubaark> so far another shitty opening 10:11 <NihabaAshi> suz...that volatility is stay very level...no consistent volatility rising nor consistent volatility declining. One of the worst types of price action to trade...I got burnt in it on Friday. 10:12 Not willing to fight that type of price action today. <PapaJon> [07:05] <NihabaAshi> Too jumpy for me...looking to jump this and stay on the sidelines...price starting to do what it has been doing for the past several weeks. Niha... is this typical of this time o year .. or do you think er2 is becoming a new animal? 10:13 <pat255> niha..how do u gauge voltality? <NihabaAshi> ER2 has been doing this for about 3 weeks...main reason my profit level has been declining dramatically for the past 3 weeks of trading... 10:14 I won't say its becoming a new animal until late October arrives. Also...September is a month where a lot of market reallocation occurs. 10:15 <szubaark> Shorts NQ @ 1585.50 <NihabaAshi> Thus, we should starting seeing if this type of price action will continue in the first few trading days of October after all the major reallocation has occurred. 10:16 Until then...survival of the fitess :( <pat255> sep is a dangerous month to trade <PapaJon> ok.. thnkx niha for the insight 10:17 <szubaark> yes.. This is very tough Price Action <pat255> niha u measure vol from price action? 10:19 <NihabaAshi> pat255...I measure volatility by looking at several things...small bodies forming after a WRB, long upper and long lower shadows appearing very close to each other, WRB's retracing each other with the same amount of pace (time & sales) within a few intervals of each other...et cetera. <pat255> kty ... <silo1> what do you guys mean by "becoming a new animal"? 10:23 <NihabaAshi> silo1...throughout each year...market conditions change... 10:27 Change enough in that if a trader is not observant and doesn't have the ability to adjust (adapt)... 10:28 Draw down periods can occur...draw downs means consistent losses. New animal is just a slang that market conditions have changed. 10:29 Long ER2 @ 706.80 -> small size 10:30 <szubaark> Covered all Short NQ at 1581.25 --> + 4.25 <silo1> i see 10:32 nice szubaark man futures are down spy is down too why wont you go up!!!! i still have nsm longed 10:33 <NihabaAshi> Exited ER2 Long @ 706.30 --> - 0.5 10:34 Reverse and Enter Short ER2 @ 706.30 <pat255> k guys bacl later ty 10:35 backto work.. <NihabaAshi> Covered ER2 Short @ 706.50 --> - 0.2 10:44 Reverse and Enter Long ER2 @ 706.50 Exited ER2 Long @ 707.10 --> + 0.6 10:45 last 3 trades have only been 1 contract trades. 10:46 Reducing my risk exposure. 10:47 Shorts ER2 @ 706.80 -> small size 10:52 <szubaark> emini no trades? 10:53 <eminitrader> not yet szu .. 10:54 had system pbs all morn ..just watching for now <NihabaAshi> Covered ER2 Short @ 707.50 --> - 0.7 Reverse and Enter Long ER2 @ 707.50 We got a FED speech around 1115am est 10:55 Past few weeks I've expected some volatility out of such to only see the opposite occur...volatility died. Thus, will expect volatility to die during and after that speech. 10:56 Just trying to adjust to what's occurring for the past several weeks. <szubaark> Shorts NQ @ 1580.25 11:03 <NihabaAshi> Exited ER2 Long @ 707.70 --> + 0.2 :( Sponsor: ER2 volatility has died...first time all day :) 11:05 <szubaark> WRB should appear soon. hopefully downside, im short <NihabaAshi> Long ER2 @ 707.90 -> small size 11:06 <eminitrader> niha quick one, when volatility resumes after it dies - is it usually with the trend or counter trend ... 11:07 <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) <szubaark> Covered all Short NQ at 1580.25 --> 0 11:08 too frikin tight <NihabaAshi> emini...I don't use it for such <eminitrader> kdid not mean today ..but in general 11:09 <NihabaAshi> I use it to tell me if I should exit a profitable trade or to tell me to dump a losing trade. <eminitrader> gotya ..thx <NihabaAshi> I don't like the timing of the volatility dying and it still has not popped either way (up or down) with the pending 1115am est FED speech. 11:10 <eminitrader> guess timing and where its stalling kinda dictate the direction of the move <silo1> niha, the speech is at 11.15? 11:12 <NihabaAshi> Yes <eminitrader> hows it going silo :)) getting closer <NihabaAshi> Don't know how important it is...hopefully the price action reveals its importance. 11:13 <szubaark> Volatility spike to upside :)) <NihabaAshi> Exited ER2 Long @ 709.00 --> + 1.1 <eminitrader> glad u made the right call szu :) <silo1> i just hope the market would go up soon hehe i still have my NSM longed from friday 11:14 hey what's the link to that economic calender? 11:17 that you've posted in the et thread 11:18 <les> http://online.wsj.com/public/resources/d ocuments/b-econoday.htm thats one silo Barron's <NihabaAshi> I think today is a good day to go cut the grass :) 11:19 If I can make one more point...I'll do just that...go do some yard work. <silo1> i'm watching cnn. and it's already past 11.15 but they still haven't showed any speeches though :( <les> silo... did u see the url i posted for u? 11:20 <silo1> yeah checking it now <les> :) <silo1> the speech came out at 11? <NihabaAshi> Here's the FED Speech schedule and its 1115am est and not 11am est. http://www.federalreserve.gov/calendar.htm <silo1> http://online.wsj.com/public/resources/d ocuments/b-econoday.htm 11:21 bill announcement at 11 here <NihabaAshi> Market usually reacts within a 15min window of a FED speech...react as in either a volatility spike or volatility dying. Correction to an earlier comment...that was our second volatility spike after volatility had died. 11:27 Long ER2 @ 711.00 -> small size 11:28 <yo> reboot 11:30 <eminitrader> Long ES @ 1000 «« testing »» 11:38 Shorts ES @ 1000 «« testing »» Covered all ES Short @ 1001 --> - 1 «« testing »» <NihabaAshi> Exited ER2 Long @ 711.50 --> + 0.5 <szubaark> this bounce throwing me off.. taking a chill break <eminitrader> sorry abt that confusion .. <NihabaAshi> Lost my WRB...could exit fast enough when it went above 711.70 szu...this may be as good as it gets for the remainder of the day. 11:40 <silo1> hey niha, what exactly is a t-bill? 11:41 <NihabaAshi> I was expecting no reaction to that 1115am est speech based upon how the market has ignore similar like speeches the prior weeks. I was wrong and will now just call it a day...take my profits and go do some yard work. 11:42 Will check back in after lunch just in case volatility decides to return again... If so...I'll trade again...if not...will quickly go do other personal stuff. 11:43 <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) 12:19 <NihabaAshi> Just got back from doing some yard work... 12:22 Unreal :( All last week I missed big moves because of either lunch or something close to it... 12:23 Friday I decide to trade most of day because I didn't want to miss anymore big moves...got burnt in the level volatility and tight range. Today I go back to my normal lunch time routine... Market makes another major move. 12:24 Geeesh. Take care and see all tomorrow :( * NihabaAshi is now known as NihabaAshi_away <asuni> wrong timing niha.............. <les> Long ER2 @ 715.4 «« paper »» 12:29 late, sorry Long ER2 @ 715.1 -> Add «« paper »» 12:31 Long ER2 @ 714.7 -> Add «« paper »» 12:32 Exited ER2 Long @ 713.7 --> - 1.7 «« paper »» 12:53 Reverse and Enter Short ER2 @ 713.7 «« paper »» <silo1> hey les you trade thestrategylab style trading? 12:57 <les> see pm silo 13:00 Covered ER2 Short @ 715.8 --> - 2.1 «« paper »» 13:01 Reverse and Enter Long ER2 @ 715.8 «« paper »» Long ER2 @ 715.8 -> Add «« paper »» 13:04 * les is now known as lesAway 13:16 <lesAway> will post exits if i have time later fasmily stuff calling me away <szubaark> emini u flat? 13:19 <lesAway> Exited 1/3 ER2 Long @ 716.6 --> + 0.8 «« paper »» 13:20 Exited 1/3 ER2 Long @ 717.2 --> + 1.4 «« paper »» 13:22 it popped nicely, so will stay to finish exit stop raised ER2 @ 716.4 «« paper »» 13:23 <szubaark> les too bad its paper <lesAway> hehe 13:24 just as well... look at the failed trades i did all this is some new stuff i'm experimenting with exit stop raised ER2 @ 717.1 «« paper »» 13:30 Trailing Stop Hit ER2 @ 717.1 --> + 1.3 «« paper »» cya later <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) 13:31 <szubaark> Shorts NQ @ 1610 13:44 code..er,ES,NQ Mittens Ghost 13:45 Sponsor:
<codehead> was about to say ER ghost 13:48 short ER 717.40 <paper> busy with other stuff, was trading earlier 13:49 the ghost is a little high, neckline right on 100 line <szubaark> every ghost is countertrend so its a nail biter 13:50 <codehead> yeah could zlr 13:51 <szubaark> zlr THEN shamu LOL Final confirmation would be HTLB :)) thats why u cant trade just BASED on CCI.. you'll go frikin broke in no time 13:52 <codehead> exit half ER 716.60 +.80 <paper> <szubaark> actuallt this is first Valid Ghost ive seen in almost 4-5 Weeks LOL 13:53 IF we can get HTLB here, could be trend change <codehead> stop on remainder b/e 717.40 <paper> 13:54 i wanted to take Qm long earlier, relized i'd never traded it and wasn't sure about costs etc, did take USO instead for +0.97, lot less leverage but was glad i did *something* 13:55 <szubaark> whats USO? <codehead> exit ER +.90 oil also it's the exchange traded fund for oil (US Oil) i meant... exit ER +.90 <paper> 13:56 just so i can get back to work... trade still going <szubaark> Covered all Short NQ at 1607.50 --> + 2.5 14:00 <codehead> nice 14:01 <szubaark> thanx Buys NQ @ 1608.75 14:20 <codehead> famir/shamu down on ER ES YM 5 min 14:22 <szubaark> Exited all Long NQ at 1605.50 --> - 3.25 14:26 :(( Shorts NQ @ 1605.50 <eminitrader> Long ES @ 1311.50 «« testing »» 14:27 <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) 14:43 <szubaark> Covered all Short NQ at 1605.50 --> 0 14:49 <lesAway> Shorts ER2 @ 715.8 «« paper »» 15:02 Shorts ER2 @ 714.9 -> Add «« paper »» 15:05 Covered 1/2 ER2 Short @ 714.2 --> + 0.7 «« paper »» 15:06 exit stop lowered ER2 @ 714.9 «« paper »» 15:08 exit stop lowered ER2 @ 714.4 «« paper »» 15:11 exit stop lowered ER2 @ 713.9 «« paper »» 15:12 <eminitrader> Long ES @ 1309.75 -> Add 15:13 <lesAway> Covered Remainder ER2 Short @ 713.2 --> + 2.6 «« paper »» 15:17 * lesAway is now known as les <szubaark> Buys NQ @ 1602.50 15:24 looks like that was the last shake 15:25 i think thats one of Nihas White Hammer Patterns on 5min ER 15:26 Exited all Long NQ at 1603.25 --> + 0.75 15:30 * szubaark is now known as szubaark_done <eminitrader> Exited 1/2 ES Long @ 1311.75 --> + 2 15:32 Exited Remainder ES Long @ 1311 --> - 0.5 15:54 <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) 15:55 * DisconnectedSession Close: Mon Sep 11 16:55:52 2006 16:55 Sponsor:
We are proud to say that our chat room members are from the following geographical areas in the world:
Argentina, Australia, Belgium, Brazil, Canada, Denmark, France, Germany, Greece, Hong Kong (China), Israel, Italy, Japan, Mexico, Portugal, Puerto Rico (U.S.), Saudi Arabia, Singapore, Spain, United States and Venezuela.
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Last of all, if you have any questions about either #EminiFutures general market chat room, #FuturesTrades realtime trade posting room or the two realtime strategy discussion rooms used by traders with access to our fee-based strategies called #TheStrategyLab and #SwingTradingTSL...
Don't hesitate to ask your questions and we'll reply back as soon as possible.
Sincerely,
M.A. Perry and Associates
TheStrategyLab.com
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