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#FuturesTrades October 23rd 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 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
+10.30 +0.0000
$1,030.00 $0.00

FOMC Announcement Reaction and Trend Days

Profit/Loss Blotter

There's a lot of talk about why the market is strong so far for the month of October.

First of all, this is the norm for October and there's many factors such as elections, fomc, dow making new highs, oil market, easing of inflation worries et cetera.

You name it and I'm sure there's someone out saying its that particular reason that the market is currently doing what it is doing.

The real question is this...are you listening and exploiting what you are hearing.

Read all the past #FuturesTrades logs for hints and tips about the market to see if you truly are applying what you here.

Here's another trading tip...there's a strong chance of a trend day within three trading days after the FOMC Announcement.

If your wondering which direction...make sure your in #FuturesTrades when I post my realtime trades.

To join #FuturesTrades...click here.

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.com

Note: 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.

  

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Session Start: Mon Oct 23 09:33:47 2006Session Ident: #futurestrades
* Now  #FuturesTrades purpose and benefits...click here.09:33
<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<pat255> gm all...09:36

@office again ...sigh
<NihabaAshi>  Long ER2 @ 763.00 09:40
3 coantracts only09:41
We have no key market events today...09:43
May get a second chance here after the initial trade error.09:44
<ItalianSharp> niha did you see that spike on Sunday? what caused it?
<NihabaAshi> Not sure but I'm hoping it has setup some nice trades for the Open.09:45
<ItalianSharp> looked like a sort of stop hunting spike to me09:46
<szubaark> my IB platform clock is off 2 minutes from my desktop clock
<NihabaAshi>  Exited 1/3 ER2 Long @ 765.10 --> + 2.1 09:47
  
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<szubaark>  Buys NQ @ 1719.50 paper
<NihabaAshi>  Exited 1/3 ER2 Long @ 765.30 --> + 2.3 09:48
<jperl> Don't think the IB clock is independent of PC clock Szu.....
When I reset PC clock....IB clock changes too
<szubaark>  Exited all Long NQ at 1720.75 --> + 1.25 paper 09:54
<eminitrader>  Shorts ES @ 1374.50 09:58
Covered all ES Short @ 1375.25 --> - 0.75 10:00
<ItalianSharp> niha, i guess this is the famous trend day you talked about last week...you said it was gonna happen either friday or monday...here we go...10:13
<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)
<NihabaAshi>  Exited Remainder ER2 Long @ 768.10 --> + 5.1
<PapaJon> nice niha10:14
<szubaark>  Go Niha!
<eminitrader> :))))))) good one n
<pat255> vn niha ...10:20
<NihabaAshi> We had some easy guidelines to hold Longs...the S/R Zone of that incredible overnight price spike.10:24
For ER2 that S/R Zone is 766.30 - 773.80 based upon the 2min chart.10:25
<szubaark> what time was that spike?10:27

was it just on russell? i dont see spike on NQ
<NihabaAshi> All the Eminis...around 6:22pm est10:28
<jperl> NQ HOD=1747.75
<NihabaAshi> I gave some hints about what I was going to do this morning...10:29
http://www.elitetrader.com/vb/showthread .php?s=fa9d4490a81f82666573a0b21234c09c& threadid=79214&perpage=6&pagenumber=3
<szubaark> weird No Spike on Asian markets just eminis10:32

Looks like a at night while everyone sleeping Stop cleaning expidition10:33
<NihabaAshi> szu...when you get a chance...look at the past years when there's an Election.10:34
You'll see some weird price action (volatility spikes) in the overnight trading sessions.
<szubaark> Niha actually, your "Seasonal Tendencies" had me looking at Daily charts last 5 years at Oct-Nov and i did see Bullish tendencies10:35
<ItalianSharp> niha, what do US elections have to do with wild volatility spikes on Sunday? speculation?10:36
<NihabaAshi> Once you can figure out what days the tendencies will occur on...

The hardest part is to get an entry on the "intraday chart".

Meant...trying to find the right spot without having the stop hit for a loss to only then see the trade go into the direction of the tendency...same direction as your trade was before it was rudely "pick pocketed".10:37

:(10:38
<pat255> L 770.210:39
<szubaark> Niha on my Long i was waiting for a WRB spike to upside.. but candles started showing wicks plus had some reisstance above10:41
<pat255> stopped b/e ....:(10:43
dang came back....10:48
<szubaark> pat if i was u just starting out i would Stay Away from ER.. its Viscious instrument for unexperienced.. ES,YM,NQ are "better"10:50
<pat255> szu u are right but now i follow er most of the time ...10:51
but may switch to es ..
<NihabaAshi>  Shorts ER2 @ 771.70 -> small size 11:10

1 contract only

Not looking for much...just a few ticks...its a high risk trade.11:11
<pat255> k guys c u all later ...back to work ...ty11:15
<NihabaAshi>  Covered ER2 Short @ 771.30 --> + 0.4 11:18
  
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<les>  Shorts ER2 @ 771.3 paper
live
Covered 1/2 ER2 Short @ 770.8 --> + 0.5 11:19
<NihabaAshi>  Shorts ER2 @ 770.90 -> small size

1 contract only

Volatility spike pending...11:21

I don't want to be in a trade when it appears.

Covered ER2 Short @ 770.40 --> + 0.5 11:22
<les>  exit stop lowered ER2 @ 771.2 11:24
<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)11:25
<les>  Covered Remainder ER2 Short @ 769.7 --> + 1.6 11:26
<NihabaAshi> Great patience les.
<les> thx niha
<jperl> Well....I didn't have a good morning....11:40

http://charts.dacharts.com/2006-10-23/JP ERL_014.png

I had one good NQ trade early on, but then I had an ER2 short trade at 10:00 which was clearly a mistake....11:41

Spent the rest of the morning fiquring how to get out of it without a major loss....11:42

as a consequence, I missed some other good ER2 trades
<szubaark>  Buys NQ @ 1740.25 paper 11:53
Exited all Long NQ at 1743 --> + 2.75 paper 12:09
<les>  Shorts ER2 @ 770.2 12:32
<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)12:37
<les>  Covered all ER2 Short @ 769.8 --> + 0.4 12:41
<Chilly> nice exit .. tricky spot here12:42
<les> chilly thx, but actually was an incorrect entry12:44

so i'm lucky to get awaywith it12:45
<Chilly> :)
<les> szu said earlier that er2 is a very unforgiving mkt12:46

he was right about that
<Chilly> I've learned that the hard way since taking the contract on12:47
<NihabaAshi> ER2 will expose whatever "weakness" we may have.

Simply, we are either forced to fix the weakness or move on to a different trading instrument.12:48
<les> its such a little isnt it niha :)12:49
scratch that
meant:
Its such a little joy, isnt it, niha?
<NihabaAshi> :)
<Chilly> ER has helped my self awareness ... confirms what I suspected were indeed weaknesses .. trial by fire sometimes though :)12:52
<les> more fire than trial mostly

breaktime here

cya later on
* les is now known as lesAway12:53
<Chilly> Jperl .. are you around for a VWAP quote ... just curious12:55
<jperl> ER2 VWAP=768.04
<Chilly> aha thanks
<jperl> NQ VWAP=1735.5612:56
<Chilly> right at ER pivot
<jperl> Whats' your charting program Chilly
  

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<Chilly> use one called Amigo ... have PP = 768.0333312:57

by the way .. I need a new charting program that works with Esiganl by end of year ... any recommendations out there?12:58
<jperl> Amigo handles Esignal12:59
<Chilly> correct13:00

all I heard this morning from the talking heads was predictions on how far the market was going to pullback since it was oversold13:07

but I guess the days not over yet :)13:08

sorry overbought13:09
<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)13:46
<jperl> NQ at VWAP 1735.9113:48
<Chilly> nice bounce off support heading into final hour14:53
<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)14:58
<cervenca> ER2 is near vwap YM is way above it15:11
<yo> gn all15:24
<NihabaAshi> #FuturesTrades chat logs are posted at http://www.thestrategylab.com/RecentTrad es.htm and the today's chat will be posted tonight by 9pm est.15:55
<Chilly> gn all15:58
<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)16:07
* NihabaAshi is now known as NihabaAshi_away16:40
* DisconnectedSession Close: Mon Oct 23 17:28:30 200617:28
  
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I don't always trade nor monitor the market from my home office. Sometimes I'll do such from one of my favorite nearby Wi-Fi hotspot or whenever I'm traveling via using this little Wi-Fi detection gadget I got from Think Geek that will show more than just the presence of any nearby signal and its signal strength. It has a 12-character LCD that provides information on signal availability and strength as well as essential network information, including SSID, security status and channel. When multiple networks are present the LCD me to scroll through information for each network.

 

  

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.

In addition, below are the trading instruments our chat room members monitor closely to make trade decisions:  

CME Emini Futures ES, NQ and ER2 

CBOT mini-sized Dow Futures YM

Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50

Eurex Fixed Income Derivatives BUND, BOBL and Schatz

Euronext Futures FTSE-100 and CAC-40

CME Futures EuroFX EC

Treasury Futures T-Notes ZN, ZF and T-Bonds ZB

Forex Currencies EurUsd, EurYen and UsdCdn

Exchange Traded Funds DIA, IWM, QQQQ, SPY, OIH, XLE and GLD  

NYMEX Energies Light Crude Oil CL, e-miNY QM and Natural Gas NG

Hang Seng Index Futures HSI

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

questions@thestrategylab.com

"The point of this whole exercise is to make money. Everything else is just conversation." --Jonathan Hoenig


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