#FuturesTrades October 19th Thursday 2006 Trade Log
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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 +13.70 +0.0000 $1,370.00 $0.00 Trading Perspective
Today I was done with trading by 1004am est because I had some appointments for the remainder of the trading day.
I was a little more aggressive this morning after I discover last night the big Short signal I missed in the first 25mins of trading via a pattern from the Swing Trading Report (STR).
As a reminder, we are in the midst of a market seasonal tendency pattern for the Eminis and during such times...position size management can be exploited for big profits.
Also, I had a problem in my first trade...see comments in the below #FuturesTrades chat log.
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: Thu Oct 19 09:25:17 2006Session Ident: #futurestrades * Now 09:25 <X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm <eminitrader> morn all <PapaJon> gm all <Chilly> gm folks <pat255> gm all 09:31 <yo> gm all 09:34 <NihabaAshi> Shorts ER2 @ 766.50 -> large size Covered 1/3 ER2 Short @ 766.30 --> + 0.2 09:38 Covered 1/3 ER2 Short @ 766.40 --> + 0.1 Covered ER2 Short @ 767.00 --> - 0.5 09:39 Reverse and Enter Long ER2 @ 767.00 I think I'm going to leave the plugin alone for awhile until I master it with some small size trades...I did something wrong and didn't get any fills down around 765.70 to 765.80 on my short position. 09:40 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) <eminitrader> Long ES @ 1369.25 09:43 <NihabaAshi> Exited 1/2 ER2 Long @ 768.30 --> + 1.3 09:44 <szubaark> Buys NQ @ 1710 «« paper »» 09:45 <NihabaAshi> I'm a much better "market order" trader than a "stop order" trader :) Exited ER2 Long @ 769.60 --> + 2.6 09:46 Holding 1 contract <ItalianSharp> nice niha 09:48 <eminitrader> Exited 1/2 ES Long @ 1370.35 --> + 1.1 <ItalianSharp> you gonna try to ride the remaining contract for a little longer? <eminitrader> Exited 1/2 ES Long @ 1370.25 --> + 1 repost <NihabaAshi> Yes. <ItalianSharp> er2 must be on steroids today 09:49 <NihabaAshi> However, I have a tight trailing stop @ 768.00 instead of a +1 tick trail @ 767.10 09:50 <szubaark> exit stop set NQ @ 1710.25 «« paper »» 09:51 <ItalianSharp> why did you place such a tight trailing stop niha? too much volatility? market moving too fast? 09:52 <szubaark> Exited all Long NQ at 1712.25 --> + 2.25 «« paper »» <eminitrader> Exited Remainder ES Long @ 1371.25 --> + 2 09:53 <NihabaAshi> If this hits 772.00...I may dump my remainder... That was my ultimate goal for this Long position. 09:54 <pat255> vn niha ...dang miss entry & no p/b 09:56 * WannaBeBOS is now known as BOS-bbl 09:57 <eminitrader> Shorts ES @ 1371.25 <pdays> Shorts ER2 @ 771.5 10:00 <eminitrader> Shorts ES @ 1371.25 -> Add <NihabaAshi> Exited Remainder ER2 Long @ 772.20 --> + 5.2 10:04 <eminitrader> Shorts ES @ 1373.25 -> Add <pdays> Covered all ER2 Short @ 772.2 --> - 0.7 <szubaark> Go Niha! <NihabaAshi> Thanks szu. 10:05 <szubaark> Niha what i liked was you didnt take a Loss on that Short position that went against then reversed IMMEDIATELY. <NihabaAshi> Would have been two perfect trades had I not messed up the order exits on that initial Short via trying some fancy moves :) 10:06 <szubaark> we still have 12 Pm Eastern Philly Fed.. they could send it down just as fast :)) 10:07 <NihabaAshi> Agree 10:10 <eminitrader> Covered Remainder ES Short @ 1374.25 --> - 4 10:16 :(( <pat255> :( mkt too strong 10:17 <eminitrader> true <szubaark> Brutal parabolic upmove <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) 10:18 <szubaark> yersturday they went down like this at opening, today they went up :)) 10:19 <eminitrader> yep...looks like taking out stops before the real move...bastids * NihabaAshi is now known as NihabaAshi_away 10:26 <szubaark> whos got their Dow 12,000 hats on today? 10:28 <eminitrader> Long ES @ 1372.50 10:45 <les> bbiaw 10:47 Sponsor: <szubaark> Buys NQ @ 1719.50 «« paper »» 10:51 lets see if we can get one more push up without chop and whipsaw 10:52 <jperl> ER2 at VWAP 770.90 11:03 Well this morning I have enough for a large pizza... 11:04 http://charts.dacharts.com/2006-10-19/JP ERL_011.png 11:05 <pat255> jper could u pl post the tradesetup when u get a achance.. <jperl> This mornings trades are not representative of anything worth knowing about Pat 11:06 <pat255> k ..np ...maybe next time <jperl> FWIW Szu....NQ sitting near VWAP 1717.50 11:09 <eminitrader> Exited all ES Long @ 1371.50 --> - 1 <szubaark> emini this pullback deeper then expected :( <jperl> http://charts.dacharts.com/2006-10-19/JP ERL_012.png 11:12 <pat255> thks jper 11:14 <jperl> yw 11:15 ES sitting on VWAP 1372... 11:17 http://charts.dacharts.com/2006-10-19/JP ERL_013.png 11:18 <pat255> japer can u post chart on er ..ty 11:21 <jperl> sec 11:22 Here is a 1 minute chart of ER showing volume histogram, vwap and its 1st Std Dev.... 11:24 http://charts.dacharts.com/2006-10-19/JP ERL_014.png 11:25 Note that price is between the POC(straight red line) and the VWAP(blue line)... the region I call no mans land <pat255> ty jper ...how would u read this chart the prices were alll on 1 std dev in the am...look for L? 11:26 <jperl> Well that's why this morning was difficult to trade after the rise... 11:27 In addition with price in no mans land...there is not much manuvering room <pat255> ah ha i c... thks just trying to understand the concept .. 11:28 & your trade setups ...will worry about the charts later .. <jperl> VWAP-POC is what I call the Bias....usually less than 1 point.... 11:30 <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) <jperl> but this morning it is large and negative about 1.74 pts When the bias is small... 11:34 I expect to see price swings equal to 1 stddev <pat255> i c... <jperl> So if price is above the VWAP.... 11:35 I wait until I see a price swing down of 1 stdev...then pull the trigger Problem this morning is the bias is so big to the down side... 11:36 I would have to wait until the down swing is 1 std+bias which right now is 3.91 pts 11:37 I don't expect that is going to happen anytime soon... 11:38 <pat255> hmm gotta look over this one ...will compare with your chart & see...ty <jperl> yw 11:40 <pat255> will read your stuff again this pm ..& then may have some Q... 11:41 <jperl> sure....don't try to digest all of this at once <pat255> yes ..& many thks... 11:42 <jperl> yw <szubaark> jp how long uve been trading your system? 12:03 <jperl> Well I've been using VWAP ever since I joined this board.... 12:04 must be several years now..... but it has evolved with time.... <eminitrader> Long ES @ 1371.25 <jperl> I used to think you could trade bounces off VWAP.... got burned alot for that 12:05 Also used to use other indicators..... 12:07 <eminitrader> Exited all ES Long @ 1371.25 --> 0 :( not my day...will just watch <jperl> discovered they are too arbitrary because they have a time dependence Decided I needed to understand the statistics of price action... 12:08 which is what I rely on now....no other indicators 12:09 <szubaark> emin they waited for u to bail <pat255> k guys cu all later ty 12:10 back to office .. * NihabaAshi_away is now known as NihabaAshi 12:12 <pat255> ty all ...later 12:13 <szubaark> Exited all Long NQ at 1716 --> - 3.5 «« paper »» 12:17 too tight.. held this for frikin hour almost its been catch the opening move if you can or get chopped up rest of day 12:18 * 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) 12:39 * les is now known as lesAway 13:32 Sponsor:
<jazz1> hi guys <Chilly> howdy 13:52 <szubaark_away> jazz hows trading going? 14:20 <jazz1> hey szu.. 14:21 pretty good <szubaark_away> would be nice if u could post some of your trades 14:22 <eminitrader> ;0 14:23 <jazz1> here's one.. 14:24 I'm long 69.4 playing the 30min chart 14:25 but the dow rules here depends how they'll manage that 12k wall 14:26 <jperl> ER2 now back in no mans land.... 14:33 VWAP=771.15, POC=772.60 <eminitrader> taking a brek see u all friday 14:37 bcareful if trading <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) 15:03 <jperl> not much further action so I think I will call it a day.... 15:18 here are todays executions.... http://charts.dacharts.com/2006-10-19/JP ERL_015.png * BOS-bbl is now known as WannaBeBOS 15:44 * lesAway is now known as les 15:58 <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) 16:09 <jazz1> bye guys 16:10 <NihabaAshi> Take care all and see all tomorrow 16:14 * NihabaAshi is now known as NihabaAshi_away <yo> cya 16:15 * DisconnectedSession Close: Thu Oct 19 16:16:13 2006 16:16 Sponsor:
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