#FuturesTrades October 17th Tuesday 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 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 +1.40 +0.0000 $140.00 $0.00 Trading Perspective
Position size management was the key to today's profits.
Also, I felt mentally sluggish (tired) entering today's trading session (I even fell asleep last night during the Chicago Bears 2nd half comeback against the Arizona Cardinals).
Spent many parts of the trading day trying "new" plug-ins for my trading platform because I felt today was a good day for such due to the fact that I was trading small size most of the trading day...
See commentary in the below chat log about such.
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 October...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: Tue Oct 17 09:31:08 2006Session Ident: #futurestrades * Now 09:31 <X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm <PapaJon> bush speaking live 09:36 <eminitrader> abt the economy ? 09:37 <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) 09:39 <PapaJon> re: the bill he is signing 09:40 <les> that the one on internet gambling? <PapaJon> hehe no has to do with the nations security .. and the war in iraq 09:41 cant remember what specifically <eminitrader> k thx 09:42 <PapaJon> yw 09:43 <NihabaAshi> Shorts ER2 @ 765.70 -> small size 09:45 Covered ER2 Short @ 767.00 --> - 1.3 09:47 Reverse and Enter Long ER2 @ 767.00 Need to be careful...I got two back to back delayed fills by a second or two that made the difference in about 3 ticks. 09:48 <deepitm> Niha, do you use market orders? 09:49 <NihabaAshi> Exited ER2 Long @ 765.20 --> - 1.8 09:51 Reverse and Enter Short ER2 @ 765.20 deepitm...only when its a slow tick and against the tick. 09:52 Yet, I can easily be fooled if I have data problems that imitate a slow tick movement when in reality the price is no longer near what I see. <deepitm> Good point on the data - sometimes I look at 2 data sources to be sure 09:54 <NihabaAshi> I have 3 sources. Shorts ER2 @ 766.00 -> Add 09:57 <szubaark> Buys NQ @ 1731.25 «« paper »» 09:59 Buys NQ @ 1721.25 «« paper »» <NihabaAshi> Shorts ER2 @ 766.60 -> Add 3 contracts total...still on the light side. 10:00 <szubaark> Niha u looking for a Parabolic selloff today due to the uptrends we had? <NihabaAshi> No I'm not expecting any trend days as mentioned yesterday until either Friday (this week), Monday (next week) or Tuesday (next week). 10:01 <jperl> ER2 VVWAP 767 10:02 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) <NihabaAshi> Also, as I said yesterday, I've reduced my size and I haven't seen any reason to go large on any Long positions. 10:03 <jperl> cranberry juice this morning in the TotalMarket.... 10:07 http://charts.dacharts.com/2006-10-17/JP ERL_015.png <NihabaAshi> Getting a little jumpy in a very tight range of about 4 ticks :( 10:09 <jperl> We are in no mans land... VWAP=766.88, POC=766.40 10:10 <pdays> Shorts ER2 @ 766.5 10:11 <NihabaAshi> Covered 1/3 ER2 Short @ 766.30 --> + 0.3 <szubaark> Exited all Long NQ at 1718 --> - 3.25 «« paper »» 10:13 Shorts NQ @ 1718 «« paper »» <NihabaAshi> Wow...been awhile since I've seen it tight like this. 10:15 <yo> gm all 10:16 <szubaark> another tough opening 10:18 <pat255> k guys back later...@office back to work...ty all <les> szu.. it was so tough on em, i think we can now hear the snores from chicago <NihabaAshi> szu...don't worry...things begin heating up tomorrow. 10:19 Covered all ER2 Short @ 767.00 --> - 1.8 10:20 Volatility is equal across the board :( 10:23 There should be a sign on the door right now..."Scalpers ONLY". 10:24 <les> hehe niha... everyone else gets chop? 10:25 <NihabaAshi> Is Bush still on TV ? 10:26 <jperl> ER2 hovering around the VWAP.... 10:27 you can see it here in this 40 range bar chart.... http://charts.dacharts.com/2006-10-17/JP ERL_016.png light blue line is VWAP 10:28 <NihabaAshi> Shorts ER2 @ 766.10 -> small size 10:29 3 contracts <szubaark> Niha i never watch TV when trading.. I need to give trading my 100% concentration. I used to watch CNBC but its all entertainment also i quit going to trading chatrooms :)) 10:30 <NihabaAshi> Some in here do...reason why they announced he was on TV. Was wondering if that person knew if Bush was still on TV. He usually causes a "equal volatility market" when he's being followed by the financial networks. 10:31 Not good for trading unless your a scalper. Covered 2/3 ER2 Short @ 765.60 --> + 0.5 10:32 Covered Remainder ER2 Short @ 764.90 --> + 1.2 10:33 <les> Long ER2 @ 765.4 10:35 <szubaark> they even have to go down in a Tight,controlled down channel 10:41 <NihabaAshi> Long ER2 @ 765.40 -> small size 10:43 3 contracts only <szubaark> heheh.. nice fakeout on ER 10:45 <les> Exited all ER2 Long @ 764.6 --> - 0.8 <NihabaAshi> Shorts ER2 @ 765.10 -> Add 10:46 Ooops... That's a Long position add... Long ER2 @ 765.10 -> Add 10:47 2 contracts only <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) 10:48 <NihabaAshi> Exited ER2 Long @ 765.60 --> + 0.7 10:49 That's +0.50 and not +0.7 That mistake with the short position as an add messed up the math. Still Long 3 contracts @ 765.40 10:50 Volatility slowly starting to not be equal... Reason why I'm slowly increasing my size. <ItalianSharp> not equal...what do you mean by that? supply and demand are shifting equilibrium? 10:51 <NihabaAshi> A lot of small real bodies and/or tight tick range. 10:52 Very easy to "overtrade" in stuff like this. <ItalianSharp> why did you increase your size in such a low volatile environment? expecting some spike comin up soon? 10:53 <NihabaAshi> [10:50] <NihabaAshi> Volatility slowly starting to not be equal... [10:50] <NihabaAshi> Reason why I'm slowly increasing my size. Italian...I dropped my overall size by more than 1/2 10:54 Normally I trade about 6-9 contracts in October and November. 10:55 However, they also have extremely low volatility days in these months...unusually low. That's when I drop my overall size. <ItalianSharp> yeah, i saw that 10:56 <NihabaAshi> Today I started with 1 contract. <ItalianSharp> ok...basically you start small and if your view is confirmed, you slowly add to your position <NihabaAshi> I've now bumped that up a little from 1 contract. <ItalianSharp> taking advantage of low volatility <NihabaAshi> If volatility goes back to being equal for too many intervals... I'll drop back down to 1 again. 10:57 I've also made an adjustment...I'm no longer trying to catch points today... Just want some ticks :) <ItalianSharp> i am not getting what you mean by "equal"...can you explain that in more details please? lol 10:58 true adapting your goals to market conditions <NihabaAshi> Equal as in no volatility spikes...not declining dramatically nor rising dramatically. Horizontal across the board. <ItalianSharp> ok 10:59 <NihabaAshi> Exited ER2 Long @ 764.80 --> - 0.6 11:01 Reverse and Enter Short ER2 @ 764.80 <jperl> ER2 VWAP=POC=766.36 11:02 <NihabaAshi> Covered all ER2 Short @ 764.30 --> + 0.5 11:03 I had added 2 contracts on that Short reversal to compensate for the prior loss and to exploit the sudden change in volatility. 11:04 <szubaark> we just need FOLLOWTHRU to the downside now.. no snapping back :(( 11:06 <NihabaAshi> szu...you still short from 1718 in NQ ??? 11:08 <szubaark> yes.. most went against me was 1 pt NQ 11:09 <NihabaAshi> Long ER2 @ 764.30 -> small size <szubaark> looking for WIDE Red WRB to dump it break of last low here would give me that <NihabaAshi> 3 contracts only 11:10 <jperl> interesting piece of info.....CME buying CBOT <NihabaAshi> CME obviously feels they can better manage the CBOT than the current folks :) 11:11 <szubaark> lets see if they make new low before going on lunch 11:12 then Brutal chop til pm session 11:14 Covered all Short NQ at 1715.50 --> + 2.5 «« paper »» 11:15 possible double bottom here on NQ..IM OUT phew.. time for a break 11:16 <NihabaAshi> Exited 2/3 ER2 Long @ 764.80 --> + 0.5 Exited Remainder ER2 Long @ 764.60 --> + 0.3 11:17 Long ER2 @ 764.10 -> small size 11:25 1 contract only <jperl> I'm done for the morning....here are the executions... 11:27 http://charts.dacharts.com/2006-10-17/JP ERL_017.png <NihabaAshi> Take care jperl. 11:28 <jperl> All shorts since price action stayed below VWAP <NihabaAshi> Exited ER2 Long @ 764.50 --> + 0.4 11:32 * les is now known as lesAway 11:35 * lesAway is now known as les 11:44 <NihabaAshi> I think the market would be up today had Matt Leinart and the Cardinals beaten the Chicago Bears last night. :) <codehead> lol 11:49 <ItalianSharp> niha, do you watch NFL? 11:53 <NihabaAshi> College football, Monday night football and the football playoffs only. 11:54 Shorts ER2 @ 763.70 -> small size 11:55 2 contracts only <ItalianSharp> last night's game was crazy 11:56 cant believe the cardinals gave it away like that hard to recover from a such loss i guess <NihabaAshi> I missed the entire second 1/2 because I fell asleep during the 1/2 time commercials :( <codehead> hehe 11:57 <NihabaAshi> Had they shown the Univ. Miami/FIU brawl at halftime...I'm sure that would have kepted me awake. <ItalianSharp> wow...you missed the greatest comeback in NFL history without an offensive score...2 fumbles returned for TDs and one punt returned for TD...and the 40yrd missed FG by rackers, who last year was money from that range 11:58 <NihabaAshi> Yep. <ItalianSharp> crazy game indeed....this is why the NFL is so great...no other sport gives you that kinda thrill 11:59 <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) 12:00 <NihabaAshi> Shorts ER2 @ 764.20 -> Add 12:02 1 contract only <codehead> YM has a potential vegas, needs a little more time (for countertrend up) 12:03 rgith at trigger now 12:05 <NihabaAshi> I'm still not convinced that today is the day that BUYERS show up and buy on the dip after yesterday's highs. <codehead> i'm not either been mostly short today cept 1 trade 12:06 <les> Long ER2 @ 764.5 «« paper »» <codehead> there's the vegas try needs to get thru 50 this time <les> Exited 1/3 ER2 Long @ 765.1 --> + 0.6 «« paper »» <codehead> Ym is also a big inverted ghost <NihabaAshi> Covered ER2 Short @ 764.90 --> - 1.2 Reverse and Enter Long ER2 @ 764.90 <codehead> ES has a ghost too <WannaBeBOS> boo! 12:07 <codehead> :-P <NihabaAshi> I'm Long on some size into the volatility spike. <WannaBeBOS> couldnt resist <codehead> ER relatively strong on cci been green lsma on the 5 min for past couple hours just 1 red bar the whole time so downtrend not very strong there 12:08 Qm took a dip there <les> these spikes have little follow=-thru today <WannaBeBOS> very choppy <les> just cos i'm doing a sim here, it'll go like the clappers 12:10 they see me coming <NihabaAshi> :) <PapaJon> hehe les = paranoid schitzo 12:11 <substanz> Long YM @ 11950 «« paper »» <les> not paranoid, jon 12:12 mkt makes me catatonic <codehead> nice little c&h on my 2 min dow 12:13 <NihabaAshi> I'm going to take a chance to go for a 1 point profit target instead of taking the ticks on the low volatilty because I got a little more odds in my favor on this Long. <les> Exited 1/3 ER2 Long @ 765.6 --> + 1.1 «« paper »» 12:14 <WannaBeBOS> nice call niha <les> i forget how easy this is in sim :) 12:15 <NihabaAshi> Tough trade...all 3 of my data sources are different by 2-4 ticks :( <codehead> dang <PapaJon> sim is short for simple <les> i'm certainly that 12:16 <PapaJon> me too les <codehead> was having that problem yesterday, trading platform laggin my IB feed <les> the bad news is... gets worse as u get older there isnt any good news <WannaBeBOS> lol 12:17 <codehead> the older i get, the better i was <NihabaAshi> Geesh...just need one lousy tick more. 12:20 <les> exit stop raised ER2 @ 764.9 «« paper »» 12:22 <NihabaAshi> There's no resistance at the 766.00 price area...not sure why it has so much trouble hitting it. <ItalianSharp> it'll hit niha...just playin with your mind 12:23 <NihabaAshi> Exited 2/3 ER2 Long @ 765.80 --> + 1.6 12:24 Sponsor: <substanz> Exited all YM Long @ 11960 --> + 10 «« paper »» <NihabaAshi> Incorrect... That's a +0.90 per contract and not a +1.6 12:25 It still gets me profitable for the day :) <ItalianSharp> nice 12:26 <PapaJon> niha. vwap was at 765.9 on the all sess 765.7 on the rth 12:27 <NihabaAshi> Thanks Papa. <ItalianSharp> are you planning to keep the remaining contract open for a while niha? or you gonna play it safe <PapaJon> may have contributed to the resistance <ItalianSharp> i know the open the gap must look pretty tempting to you right now... 12:28 the gap at the open meant to say <NihabaAshi> Ideally for me...I would like to see this counter-thrust upwards and attempt to fill in that GAP... 12:30 Then retrace back down and make a new intraday low. <ItalianSharp> that would be great price action 12:31 <NihabaAshi> That would allow for me to open a Long position as a swing trade. I might miss tomorrow morning trading session...may need to do some important personal stuff. 12:33 Reason why I want to close today at a profit for psychological reasons if I decide to trade tomorrow's afternoon session. 12:34 <les> Exited Remainder ER2 Long @ 765.7 --> + 1.2 «« paper »» done for today cya all tomorrow <eminitrader> Shorts ES @ 1367.75 12:35 <NihabaAshi> Ooops... 12:37 accidentally exited my remainders :( Exited Remainder ER2 Long @ 765.80 --> + 0.9 <ItalianSharp> might be a sign of destiny niha 12:40 <NihabaAshi> Yep...need to do a 1 contract test to see if something is wrong with my "custom macro" settings. 12:46 Long ER2 @ 766.00 -> small size 12:49 1 contract only If worked perfectly that time. 12:50 If = It 12:51 Exited ER2 Long @ 766.10 --> + 0.1 I may have used "Limit" instead of "Stop". 12:52 <codehead> what trading platform? <NihabaAshi> I'm using a "new" plugin for X_Trader... <codehead> oic 12:53 <NihabaAshi> Plugin called PS Trader * NihabaAshi is now known as NihabaAshi_lunch 12:56 <szubaark> emini is that a Short signal u got or "intuition"? 12:58 <codehead> 3 min mittens ghost YM szu 13:09 fwiw 13:10 <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) 13:12 <eminitrader> Covered all ES Short @ 1369 --> - 1.25 13:16 <codehead> ES 5 min vegas setup short 13:20 at trigger, bar not printed yet ER pretty strong today 13:30 the signal printed on ES, but not much down for it <Chilly> well, I was short pre-market and profitable. Got pickpocketed at the open and missed the clunk. Gave back AM profits, then got them back and am flat on the day. 13:40 <szubaark> code this month so far CCI is worthless 13:51 even ZRL's are happening around +/- 100 which woodie recommends around +/- 50. LOL 13:52 got to leave.. paper trading doesnt pay the bills LOL 13:53 * szubaark is now known as szubaark_away <NihabaAshi_lunch> CCI or an indicator that's not based upon "volatility" will ALWAYS perform poorly during periods of "market seasonal patterns". 13:54 * NihabaAshi_lunch is now known as NihabaAshi <NihabaAshi> Simply, once you know the weakness of CCI...you'll also know when not to put it on your charts. 13:55 Thus, having it on your charts during periods when its not applicable can be tempting to "subconsciously" continue using it when you shouldn't be using it. <codehead> QM looks like it wants a little bounce 13:56 <Chilly> ER2 testing HOD ... gap fill or fail? 13:57 <substanz> Shorts YM @ 11985 14:07 <codehead> there's the QM pop, finally 14:10 big YM mittens ghost 14:11 for against trend trade <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) 14:21 <substanz> Covered all YM Short @ 11997 --> - 12 14:53 <asuni> i have some problems with ninjatrader, anyone uses it? 15:12 <Chilly> not here, sorry 15:13 <eminitrader> TS here <Chilly> EM, were you trading this afternoon? 15:15 <eminitrader> yes on and off ...had a sell loss then long from 68.50...exit 1/2 70.50 holding the rest have a roof leak...got some people working on it 15:16 <Chilly> nice hold ... raining here 15:17 <eminitrader> thx ...same here 15:18 [12:59] <szubaark> emini is that a Short signal u got or "intuition"?....late reply 15:19 not intuition szu...that was 50% retrace from the morn move and had my ma's in this area...thought good res and had sell for retest of lows...didn't work that way...so have entered into a long trade 15:21 done for the day...see u all tomoror 15:28 <Chilly> c ya <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) 15:33 <jperl> Had only two more trades this afternoon...here is the complete execution list for today... 16:00 http://charts.dacharts.com/2006-10-17/JP ERL_018.png 16:01 last 2 trades were longs since price action was above VWAP 16:02 last trade was a scale in....probably shouldn't have started it 16:03 since we were near end of day <pdays> Covered all ER2 Short @ 768.9 --> - 2.4 16:23 late post 16:24 * NihabaAshi is now known as NihabaAshi_away 16:30 * DisconnectedSession Close: Tue Oct 17 16:30:51 2006 Sponsor:
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