#FuturesTrades October 25th Wednesday 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.
ER2 EuroFX EC +13.20 +0.0000 $1,320.00 $0.00
I missed the entire morning trading session due to some last minute appointments that had to be taken care of (personal stuff).
I'll keep it brief and just state that if you read my comments below in the chat log...you'll know when the next trend day will occur and most likely be a key market trading day that dictates the price action until at least mid November.
Last of all, I consider today as a key market 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)
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.
Session Start: Wed Oct 25 08:34:49 2006Session Ident: #futurestrades * Now #FuturesTrades purpose and benefits...click here. 08:34 <X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm <NihabaAshi> I'll be back later...need to do some important personal stuff... 08:39 Should be back before 1030am est. * NihabaAshi is now known as NihabaAshi_away <eminitrader> morn all 09:06 <PapaJon> gm all 09:24 <szubaark> gm <Chilly> gm 09:26 <PapaJon> spose to be a bush news conf at 10:30... just a heads up <pdays> home sales@10, petro @ 10:30,FOMC @2:15 09:29 <yo> gm niha ,all 09:30 <pat255> gm all... 09:33 @office again...:( <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) 09:40 <deepitm> Shorts YM @ 12162 09:58 Covered 1/3 YM Short @ 12152 --> + 10 10:02 Covered 1/3 YM Short @ 12155 --> + 7 10:03 <szubaark> nice <deepitm> Took a gamble on the housing data 10:04 Covered 1/3 YM Short @ 12157 --> + 5 10:05 <szubaark> typical pre-announcment slow, controlled stairstep 10:26 <PapaJon> bush on now 10:31 <deepitm> Long YM @ 12155 10:37 Exited all YM Long @ 12150 --> - 5 10:40 <pat255> niha not here today? 10:42 <jperl> ER2 at VWAP 770.69 10:50 ES at VWAP 1384.49 10:51 * jperl doesn't trade at VWAP <jperl> my reminder <pat255> jper er vwap? 10:52 <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> ER2 VWAP=770.69 <pat255> ty * codehead-afk is now known as codehead 10:56 <jperl> NQ at VWAP 1734.24 11:05 <yvberj> Shorts ES @ 1384.75 «« testing »» 11:19 <eminitrader> Long ES @ 1383.75 11:26 15 and 30 min show a sell...supp on 3 min ...hoping for a quick scalp of this bounce 11:29 <jperl> slim pickings this morning....here are the executions... 11:30 http://charts.dacharts.com/2006-10-25/JP ERL_016.png <eminitrader> Exited 2/3 ES Long @ 1385.25 --> + 1.5 11:35 <yvberj> That was a nice quicky. 11:36 <eminitrader> thx ..... 11:37 looks like it'll go nowhere till dow turns + 11:41 <yvberj> Don't think there will be much of a move till FOMC announcement. 11:43 <eminitrader> true Exited Remainder ES Long @ 1384.75 --> + 1 11:48 Shorts ES @ 1385.25 11:53 <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) 12:01 * NihabaAshi_away is now known as Just 12:13 * Just is now known as NihabaAshi 12:14 <NihabaAshi> Just got back from several appointments this morning. Need to reboot my system...be back in about 10mins or less. * DisconnectedSession Close: Wed Oct 25 12:14:46 2006 Session Start: Wed Oct 25 12:21:46 2006Session Ident: #futurestrades * Now talking in #futurestrades 12:21 <X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm <eminitrader> Covered Remainder ES Short @ 1382.75 --> + 2.5 12:30 Sponsor: As traders we must treat our trading like a business if we are to succeed as traders and as a business. Therefore, waiting till the last few weeks March to prepare for April's taxes is not good for your trading and could put extra stress on your trading during tax month or the months that follow if your one of those traders that filed an extension.. Therefore, its best to be on top of your taxes throughout the year and Traders Accounting is a great resource for such especially if you want to prevent penalties or an audit several years from now. <Chilly> nice work today EM 12:31 <eminitrader> thx chilly <szubaark> emini.. was away..looking over your trades, nice 12:43 <eminitrader> thx szu 12:44 <Chilly> looks like I got pick pocketed at top of last ER2 15m bar 768.20 ... covered commission market says you can have your commish greedy Chilly but taking you out !! 12:45 <X> 13:10 <NihabaAshi> ER2 volatility is almost dead...expecting the volatility to pick up dramatically here in a few minutes. 13:54 <pat255> hi niha ...until fomc 13:55 <NihabaAshi> Long ER2 @ 768.30 -> small size 1 contract only ER2 volatility dead again...expecting another volatility spike. 14:05 Exited ER2 Long @ 767.30 --> - 1 14:10 Reverse and Enter Short ER2 @ 767.30 Short 3 contracts now. <pat255> oh boy Niha ..fomc announcement is just round the corner.. 14:11 <NihabaAshi> It's a small size...no biggie. Shorts ER2 @ 768.90 -> Add 14:14 Covered 1/2 ER2 Short @ 767.50 --> + 1.4 14:16 Covered ER2 Short @ 769.10 --> - 1.8 14:18 Reverse and Enter Long ER2 @ 769.10 6 contracts long I'm at the size I want to be at now...just need some patience. 14:19 A few ticks more... 14:20 <szubaark> oh boy, they shakin it good 14:21 <NihabaAshi> Exited all ER2 Long @ 769.60 --> + 0.5 Not worth the 90 bucks in profits so far :( 14:22 <yvberj> 15 Error Sorry <X> <szubaark> I decided not to trade these FOMC Announcement thing is... its a Dice Roll for me <NihabaAshi> Shorts ER2 @ 768.30 -> medium size 14:23 Geesh...a few more ticks and I would have been out of that Long @ 771.50 14:24 ER2 volatility dropping...expecting another volatility spike. 14:25 Anybody know what the FOMC rate announcement was ??? 14:26 <eminitrader> the same <NihabaAshi> Unchange. Thanks <eminitrader> yep <NihabaAshi> Covered 1/2 ER2 Short @ 766.80 --> + 1.5 14:27 Covered ER2 Short @ 765.60 --> + 2.7 14:28 Holding 1 contract remainder
Mentally getting away from trading is much harder to do in comparison to physically getting away from trading when its time for some rest and relaxation. Personally, one of my favorite ways to mentally rest is to watch movies I've copy & recorded from the local video store via my Slysoft software that copies any copyright protected dvd's and cd's. <asuni> great niha!!!!!!! u number one :-) <szubaark> Go Niha! 14:31 <NihabaAshi> My data not keeping up too well right now...broker data, realtime charting day et cetera. 14:33 Yet, it is an FOMC announcement. Everything was good until about 5mins ago. <asuni> hammer er2 15min per ora 14:34 ham,mer nq 5min in formazione qui risale se pattern confermato <NihabaAshi> asuni...I think your talking in the wrong window...your posts are being entered in #FuturesTrades right now :) 14:35 <asuni> lol fortunately, just one italian here :-) 14:36 i was writing that in nq 3min a hammer was forming <substanz> no capice asuni <asuni> ehi sub, u italian too <.-<9 <substanz> no ! french asuni <NihabaAshi> My spouse was once on the other computer log in here via a different name to help me do some ping test... 14:37 I said some dirty stuff and it got posted in #FuturesTrades instead of to her via pm :) <asuni> lol <NihabaAshi> I didn't get my profit target on the Long... 14:38 I just may get my profit target on the Short @ 762.50 Although we had a spike upwards and then a spike downwards... 14:39 The volatility is still a lot lower than I expected. 14:40 I thought for sure I would see at least three WRB's form in a particular direction via the 5min chart interval. One WRB up and then one WRB down. 14:41 Covered Remainder ER2 Short @ 766.50 --> + 1.8 14:43 Long ER2 @ 766.70 -> small size 14:45 1 contract only Exited ER2 Long @ 767.30 --> + 0.6 14:49 On that note...I'm done for the day due to the fact that the volatility is slowly declining. As long as it keeps declining...more likely to see more chop. 14:50 <pat12> vn trades niha ...this fomc is scary tho 14:51 <NihabaAshi> pat12...I usually start off with a very small size and then once I get a feel for it...I'll start increasing my position size for each trade. 15:03 Only reason why I didn't do a large Long position on my last trade (did 1 contract only) was because I had exceeded my profit target for the day and went into profit protection mode. 15:04 <yo> the volatility spikes , do you see that also in the 2 min chart or do you use a indicator? 15:08 <pat12> yup... <NihabaAshi> All my Volatility Analysis is via the price action only...no indicators. 15:09 <yo> ok so you look to the candles <NihabaAshi> Bar charts works too. <yo> ok 15:10 <NihabaAshi> I use candlestick charts but I'm not looking for any particular candlestick pattern to tell me what volatility is doing. I can do the same "volatility analysis" with Time & Sales and no charts. 15:11 <yo> i can,t see that volatility, i don't now why <NihabaAshi> It's how I first learned to interpret volatilty many years ago via Time & Sales prints although I rarely use T&S. 15:12 <pat12> Niha us e 2 min chrts right or tick charts? <NihabaAshi> I just watch to flow of prices (there speed) and try to visualize a volatility scale with input via the size of the bodies (difference between Open and Close for each interval) on the candlestick charts 15:13 I could use 2min, 3min and 5min charts for volatility. Mainly just 3min charts on normal trading and 5min charts on FOMC announcement days near 2:15pm est. 15:14 <pat12> kty niha <NihabaAshi> Meant 2min and not 3min chart is my normal use. <yo> is it posible to see your workspace niha? 15:16 <NihabaAshi> Yes...here's today's example... 15:18 http://charts.dacharts.com/2006-10-25/10 2506NihabaAshiPnLBlotterProfit.png 15:19 <pat12> ty niha <yo> thnx <pat12> k guys c u all later ty @office 15:25 <yo> that r/s zone is that sup en res zone niha? 15:32 <NihabaAshi> Yes...its support/resistance price zone based upon WRB Analysis (wide range bodies analysis). 15:33 <yo> ok thnx <X> 15:34 <asuni> u think about a trend day tomorrow niha? 15:35 <NihabaAshi> I'm looking for a trend day for either Thursday, Friday or Monday of next week. 15:40 In fact, one of those trading days should produce KEY price action that dictates the price action all the way into mid November. If I'm right...should produce some big profits. 15:41 If I'm wrong...should produce some very small profits. <eminitrader> :)) <Chilly> gn folks 15:45 <eminitrader> later chilly <yvberj> See you all tomorrow. Have a good eve. 15:49 <NihabaAshi> Take care all and see all tomorrow. 16:21 * NihabaAshi is now known as NihabaAshi_away * DisconnectedSession Close: Wed Oct 25 16:22:55 2006 16:22 Sponsor:
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.
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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.
M.A. Perry and Associates
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