#FuturesTrades October 20th Friday 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 +3.60 +0.0000 $360.00 $0.00 Trading Perspective
I missed all of the initial price drop after the Open due to data problems again in ER2.
My data problems are weird because I don't have the same problems in ES, NQ nor YM.
Thus, I'm strongly suspecting there's a glitch in my trading workspace.
I will make a new workspace and see if the on-and-off data problems with ER2 still persist throughout the week.
Other than that....boring trading day.
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: Fri Oct 20 09:31:30 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 <jperl> ok....strange when I set my computer clock using the internet.... * DisconnectedSession Close: Fri Oct 20 09:31:44 2006 Session Start: Fri Oct 20 09:37:29 2006Session Ident: #futurestrades <eminitrader> excellent szu :) <szubaark> thanx.. <asuni> nice start szu 09:39 <pat255> gm all.. 09:46 @office ...:( <PapaJon> anyone else having IB connection probs this morning? 09:48 <szubaark> fine here (Estern server) <pat255> even my dialup connecion working...no fine here <PapaJon> hmmf... i think my internet connection is acting up my esignal data stopped at same time as IB 09:49 is back now <NihabaAshi> Papa...I too had some major data problems. 09:50 Missed the entire first drop...just got back my QCharts and FutureSource about 3 mins ago. 09:51 <pat255> ;( 09:53 <PapaJon> yah.. i wanted to take this current drop.. but decided to only sim it pissing me off 09:54 oh well not gonna fret.. have more important things to worry bout.. 09:55 like going golfing this aft noon with my new driver <szubaark> LOL <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) 09:57 <pdays> Long ER2 @ 766.10 10:01 Exited all ER2 Long @ 76.40 --> - 689.7 10:03 Exited all ER2 Long @ 766.40 --> + 0.3 10:04 <NihabaAshi> Shorts ER2 @ 764.40 -> small size 10:11 1 contract only due to the earlier missed from the top when I should have been short due to data problems. <pat255> :( niha u are lot of data problems 10:12 <NihabaAshi> I have a complicated setup between desktops, laptops, different data providers on a single network. 10:13 All I do is just work through it. <pat255> can be frustrating...:( <szubaark> a trader also needs to be a computer network specialist :) <NihabaAshi> In a few weeks I'll be switching to a RG6 cable...I think a small part of the problem is that the house is wired with some old-cheap cable. 10:14 * code_afk is now known as codehead <NihabaAshi> Shorts ER2 @ 764.70 -> Add 10:15 1 contract only <les> Long ER2 @ 765 «« paper »» 10:18 live <NihabaAshi> Shorts ER2 @ 765.20 -> Add 10:20 1 contract only Total of 3 contracts <les> Exited 1/2 ER2 Long @ 765.5 --> + 0.5 <NihabaAshi> Covered ER2 Short @ 766.50 --> - 2.1 10:23 Reverse and Enter Long ER2 @ 766.50 I added a few more contracts to the position reversal. 10:24 <les> exit stop raised ER2 @ 765.5 <NihabaAshi> By the way...I'm now slightly to neutral until the last few days of October...that's when I'll become more bullish through mid-November. 10:25 <les> Trailing Stop Hit ER2 @ 765.5 --> + 0.5 10:30 <NihabaAshi> Long ER2 @ 766.00 -> Add 10:34 <jperl> ER2 at VWAP 767.27 10:39 market will pause here 10:40 <NihabaAshi> Exited 1/4 ER2 Long @ 767.10 --> + 1.1 10:41 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) <jperl> This is where newbies get into trouble if they get a trade signal here <NihabaAshi> That's actually 1/3 and not 1/4 <szubaark> Shorts NQ @ 1714 «« paper »» 10:50 <NihabaAshi> ER2 volatility is dead...expecting a volatility spike 10:53 <asuni> hopefully in ur direction :-) <substanz> Long YM @ 12020 <NihabaAshi> Exited 1/3 ER2 Long @ 767.80 --> + 1.3 10:54 <Chilly> when you guys don't get immediately filled, do you wait for fill or cancel order ..second day in a row not filled <szubaark> Covered all Short NQ at 1716 --> - 2 «« paper »» :( <NihabaAshi> Chilly, I've been having problems myself lately with fills the few times I've used stop orders at a profit target...I cancel my order and then do a market order. 10:56 Even if it results in a loss. <szubaark> Shorts NQ @ 1714.50 «« paper »» <NihabaAshi> I'm mainly a "market order" user at profit targets. 10:57 <Chilly> ok, sometimes I think .. well if not enough volume to take my order on an entry then it's not going my direction .. so I cancel <yo> ts very stable platform niha 10:58 <Chilly> guess if I have enough conviction to place order in first place then I should just buy at market 10:59 <NihabaAshi> Exited Remainder ER2 Long @ 767.00 --> + 0.5 11:01 <substanz> Exited all YM Long @ 12030 --> + 10 <NihabaAshi> Had to dump it...got too many family distractions at home right now. * NihabaAshi is now known as NihabaAshi_away <yo> nice substanz <pat255> k guys c u all later back to work ty all 11:02 <Chilly> c ya pat <substanz> thanks yo 11:03 <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) 11:06 <les> Shorts ER2 @ 766.1 «« paper »» 11:09 <szubaark> les your thing is showing "Paper" and i think u Live 11:10 <les> is paper my "thing" is not up for discussion here btw 11:11 :) <szubaark> hehe.. 11:12 <les> u asked for that :) <szubaark> we got to be careful what we say.. some ladies in here 11:13 <les> i'll let that go szu <szubaark> Covered all Short NQ at 1714.25 --> + 0.25 «« paper »» 11:16 <jperl> Only one trade this morning... 11:23 http://charts.dacharts.com/2006-10-20/JP ERL_012.png 11:24 I've annotated a 40 range bar chart that shows entry and exit... 11:25 http://charts.dacharts.com/2006-10-20/JP ERL_011.png straight lines on the chart are as follows: 11:26 light blue line at 767.34 is VWAP purple dashed line is POC at 766.20 <les> i have medical appontment so will post exits later on 11:27 <jperl> red line is 1st dev below vwap at 764.93 <les> if i remember - is only papaer :) <jperl> green box in lower left corner are computations based on above numbers any questions PM me 11:28 * les is now known as lesAway 11:29 <PapaJon> nice trade jp <jperl> tx 11:30 This trade was a long trade whith price below VWAP... 11:33 usually I ignore those.... not this time... I'll explain.... Since someone asked 11:34 In the lower left hand corner of the chart you see the expected retrace and target values 11:35 The expected retrace is simply the Std Dev-Bias the target is the STd Dev+Bias... 11:36 The bias is how much the volume histogram deviates from NORMAL behavior... Bias=VWAP=POC 11:37 You note the bias is positive even though price is below VWAP.... That's why I took the long... I waited until price action was 1 retrace from the VWAP and found and entry on the next up bar 11:38 <PapaJon> are those figures in the boxes calc'd automatically or did you put them there manually? <jperl> automatically <PapaJon> i c <jperl> They update every bar 11:39 <PapaJon> so is a study that you wrote for your method then? <jperl> yes <PapaJon> gothca <jperl> My exit would have been the VWAP, but since I was in for only 1 contract... 11:40 I exited at the POC If I had traded 2 contracts or more, I would have exited half at POC... the rest at VWAP So now price action is around the VWAP....and 11:42 * jperl doesn't trade at the VWAP <jperl> Time for lunch 11:43 <PapaJon> Thanks for the explanation.. <jperl> yw 11:44 <szubaark> Shorts NQ @ 1714.50 «« paper »» 11:48 another re-test of dow 12000 then bounce would make the paper headlines for the week. 11:54 exit stop set NQ @ 1714.25 «« paper »» 12:11 either goes here or im OUT <jperl> NQ VWAP=1713.18 12:12 <szubaark> somebody get the whip out on those guys Covered all Short NQ at 1714.25 --> + 0.25 «« paper »» Sponsor: <ItalianSharp> szu, i am not expecting major moves for the remainder of the day due to end of the week and empty economic calendar today <szubaark> not worth the nerves trading here.. agree Italian <ItalianSharp> yep 12:13 <szubaark> just glad im keeping my Stops tight <ItalianSharp> very bad conditions for daytrading * szubaark is now known as szubaark_away <ItalianSharp> good action at the open thats it <szubaark_away> yup.. if you didnt catch the opening Quick,Sudden Drop then your day might as well be over <ItalianSharp> fed reserve is up next wednesday right? true 12:14 same yesterday NQ was the best at the open i am demoing YM and it was the only index showing a major gap but i did manage to go long and make some points off of it 12:15 hey...somebody woke up in chicago? <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) 12:18 <substanz> Shorts YM @ 12038 13:16 <substanz> Covered all YM Short @ 12043 --> - 5 13:30 <szubaark_away> Shorts NQ @ 1718 «« paper »» 13:42 exit stop set NQ @ 1717.75 «« paper »» 13:50 Covered all Short NQ at 1717.75 --> + 0.25 «« paper »» 13:55 :(( Shorts NQ @ 1714.75 «« paper »» 14:00 <jperl> NQ VWAP=1714.06 <szubaark_away> they should be closing the week around Dow 12000 14:15 Covered all Short NQ at 1715.75 --> - 1 «« paper »» Buys NQ @ 1715.75 «« paper »» 14:16 getting Buy signal i like Exited all Long NQ at 1716 --> + 0.25 «« paper »» 14:29 see u all Monday. <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) 14:39 * lesAway is now known as les 14:55 <jperl> today's trades here... 15:33 http://charts.dacharts.com/2006-10-20/JP ERL_013.png 15:34 Decided to try NQ at the same time as ER2 just to see if my VWAP software would work simultaneously on both... 15:35 it does <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) 15:51 * Disconnected 16:03 * Attempting to rejoin channel #futurestrades 16:10 * Rejoined channel #futurestrades <X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTra desChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrad es.htm <NihabaAshi> Take care all and have a good weekend. 16:33 * NihabaAshi is now known as NihabaAshi_away * DisconnectedSession Close: Fri Oct 20 16:49:47 2006 16:49 Sponsor:
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