Home            October 2006 Trade Log            Trading Strategies            Music while Trading

#FuturesTrades October 27th Friday 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. 









Click Here


+22.00 +0.0000
$2,200.00 $0.00

Trading Perspective

Profit/Loss Blotter

It wasn't good trading day because I didn't reach my goal for the day.

Actually, I did reach my goal but got greedy and lost money in the process along with taking some extra steps to ensure the day was profitable.

Once again, position size management allowed me to have a profitable trading day even though my win:loss ratio was poor.

The first profitable trade of the day was key because I was loaded and later in the day when I had some losers they had occur on a very small size in comparison to my winning trades that had larger size.

The key to remember is that not every trading day is the same. Therefore, if you can understand that fact you really need to sit down and try to validate why your trading via the same size each trading day or on each trade.

Yet, once you understand that position size management is more important than win:loss ratios that's when you also understand the strengths and weakness of any strategies your using.

For example, low volatility or equal volatility trading conditions I do poorly in.

Therefore, when I recognize trading conditions as such (low volatility or equal volatility)...I reduce my position size to better manage the increased risk exposure.

With all that said, I have one more trading day to be aggressive before the market seasonal pattern of October begins to drop in strength and that day is next Monday.

Take care and hope all were just as profitable or more...have a good weekend.

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: Fri Oct 27 09:31:46 2006Session Ident: #futurestrades
* Now  #FuturesTrades purpose and benefits...click here. 09:31
<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<PapaJon> gm all09:32
* NoBOS is now known as WannaBeBOS
<szubaark> gm
<NihabaAshi>  Shorts ER2 @ 775.80 -> large size 09:33
A small unimportant Hammer just formed :(09:34
Someone else may see it as important :(09:35
<szubaark> Niha u watching 2min right now?
<NihabaAshi> Yes
2min, 3min and 5min
<pdays>  Shorts YM @ 12158 09:36
<yvberj> 5
Error. Sorry
<pdays>  Covered all YM Short @ 12150 --> + 8 09:38
<NihabaAshi>  Covered 2/3 ER2 Short @ 773.60 --> + 2.2 09:40
One of the 2/3 contracts was actually a 773.70
I'm mentionally that because in reality when I trade size...I don't get the exact same fill on every contract (no more than 1 tick difference).09:41
Yet, here in #FuturesTrades when I post my fill result...I post the worst number (less profits if its a winner or more of a loss if its a loser).09:42
I mention that because someone asked me about such a few days ago via pm.
Trading Edge: 


If your an independent trader looking for an edge to help you traverse around obstacles to profitable trading...a method that's well defined, gives you a better understanding of the markets, applicable for day trading, position trading and swing trading with a money back guaranteed policy...click here.
   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) 
<pdays>  Long YM @ 12143 09:48
<NihabaAshi> My remainders are in danger due to my late Short entry...09:49
<yvberj> 5
<WannaBeBOS> i was late on entry as well
<yvberj> Error Sorry. I keep hitting the wrong key.
<NihabaAshi>  Covered Remainder ER2 Short @ 775.40 --> + 0.4 09:50
Actual pattern setup was @ 777.80 in the pre-market.
Thus, I did a late entry by almost 2 points below the signal price.
Yet, worth the risk because we powered below a s/r zone.09:51
<pdays>  Exited all YM Long @ 12150 --> + 7
<yo> krijg ne sell signal op nq
<asuni> y09:53

sorry, not here
<szubaark>  Buys NQ @ 1746.50 paper 09:55
<yvberj> Niha Would you consider ES 5m. hammer setting up?

<szubaark>  exit stop set NQ @ 1746.50 paper 09:57
Report in 3 minutes
Exited all Long NQ at 1748.50 --> + 2 paper 09:58
<NihabaAshi> yvberj...I don't have a ES hammer line on the 5min chart.09:59

Could be just data vendor differences.

I do have a long legged doji.10:00
<yvberj> Mine shows as a hammer, but you're right could be diff. in chts.
<PapaJon> long legged doji here too on esignal10:02

but data difs definitely cause dif patterns for all of us10:03

even on same vendor with two dif traders
<yvberj> 110:05
<NihabaAshi> Yep...that's mainly due to the fact that some vendors like QCharts, Tradestation have multiple servers for their clients.10:06

Thus, one tradestation user on a different server may see a white hammer line, another client may see a doji while another sees a dark hammer line all while using the same data vendor.

Reason why you need to really concentrate on the price action in comparison to concentrating on an individual interval.10:07

The commonality between dojis, white hammers and dark hammers...is that they are part of the "Long Shadow Family".10:08
<PapaJon> my granddaughter (7 yrs old) says the long legged doji looks like a dragonfly..10:09
i told her if it looks like one then it is one.. so thats what i call em from now on
<NihabaAshi> :)10:13

Shorts ER2 @ 777.70 -> small size 10:25

2 contracts only

I missed the actual signal (late entry) and decided to reduce my position size due to the fact the volatility has been declining for about 10mins.10:26

Declining volatility = Risky trading for those using volatility based methodologies.
<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)10:28
<NihabaAshi>  Covered ER2 Short @ 778.60 --> - 0.9 10:29

Reverse and Enter Long ER2 @ 778.60

volatility was there for about 1min and quickly disappeared :(10:30
<Brutus> test
<NihabaAshi>  Exited ER2 Long @ 777.60 --> - 1 10:31

Reverse and Enter Short ER2 @ 777.60

Added a few extra contracts on the Short
<Brutus> Niha what is the +v?
<NihabaAshi> Those that have spoken at least once in the room.

Lets me know whom are making a habit of lurking especially if they don't have permission to lurk.10:32

Average Trade Size about an hour ago for the traders of ER2 was almost 410:33

Now its exactly 3.0
<Brutus> I can type text but cannot post trade, keep getting disconnected. with a connect to server on the ER2 price? We can talk about it later if it is involved.10:34
<NihabaAshi> If you need help fixing a connection problem...we can talk about it later via pm.10:35
<Brutus> Ok10:36
<NihabaAshi>  Covered ER2 Short @ 779.00 --> - 1.4

Reverse and Enter Long ER2 @ 779.00

ER2 volatility still declining...not yet at a point of setting up for a volatility spike.10:38
<PapaJon> niha.. i take it that you basically make use of the ATS to gauge volatility in combo with price action?10:40
* codehead_afk is now known as codehead
<NihabaAshi> I went from a Short bia to Neutral and now I'm Bullish.
<yvberj> I've never traded the ER. What's the price per point?
<PapaJon> $100 per pt10:41
<NihabaAshi> No...I don't use the ATS to gauge volatility.
<PapaJon> $10 per tick
<yvberj> Thanks.
<PapaJon> 1 tick = .10
ok.. thnx niha
<NihabaAshi> On days I suspect volatility is being weird...10:42
<Brutus>  Long ER2 @ 777.7 testing
<NihabaAshi> I take a look at the ATS and then keep my ears open about traders having any "connection problems" with their data vendors.
<PapaJon> niha.. is your ATS set to find the avg per interval or avg over several intervals?10:43
<NihabaAshi> If so...I'm trying to determine if declining ATS = Retail Traders having connection problems...retail traders unable to trade.
<Brutus>  Exited ER2 Long @ 778.2 --> + 0.5 testing

Traders Accounting 

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.
<NihabaAshi> Papa...I have no control of the ATS setting.10:44
<PapaJon> ic... well.. do you know what the avg is based on then?
perhaps accumulated?
<NihabaAshi> It's an "accumulation" and I don't know what starting point it has.10:45
<PapaJon> ok.. gotcha.. thnx
<NihabaAshi> I suspect it includes the overnight data.
<PapaJon> i would think that an ats that you could set to each interval could be helpful..
then also in combo with an ema of the ats10:46
<NihabaAshi> If they could do that...than it becomes an "indicator".
<PapaJon> right
would give us an additional glimpse of when big size is occuring10:47
<NihabaAshi> Trade Size does that.
<PapaJon> or perhaps a gauge of when to and when not to use our strats
<NihabaAshi> There rarely is just a big size all by it self...10:48

It usually has "declining volatility" than a volatility spike...followed by some big size traders.
<yvberj> Looks like we
We're staying in a narrow range this morn. Hope it changes.10:49
<NihabaAshi>  Long ER2 @ 778.50 -> Add

Long ER2 @ 777.70 -> Add 10:51

Like I said...I'm bullish now and its a market seasonal pattern month...

Lets see if I can exploit what's left of that pattern.10:52
<ItalianSharp> niha, looks like ER2 and NQ are waiting for YM & ES to make the move...10:53
<asuni> it seems bighands are slowly buying or slowly selling
<szubaark>  Buys NQ @ 1747.50 paper 10:54
coiling up.. will breakout soon. hope im on the right side :))
<NihabaAshi>  Long ER2 @ 777.90 -> Add 10:57

ER2 volatility now at a level where I'm expecting a volatilty spike.10:59

What was that?11:01
<asuni> still long niha?11:02
<NihabaAshi> Yes...I'm bullish and accumujlating.11:03

Long ER2 @ 777.10 -> Add
<pdays> stop hunt?
<NihabaAshi> Doesn't look like a stop hunting so far :(

That volatiltiy spike downwards hasn't been retraced.11:04

Stop hunting would have retraced it by now.
<pdays> yup
<ItalianSharp> maybe they are a little slow today niha
<NihabaAshi> A little lower and my stops get pick pocketed.11:05
<ItalianSharp> really? glad you are still in niha
<NihabaAshi> Price action has now changed...my trade is in danger of being stopped out unless it can get back to 778.1011:09
Something is leaking into the market...11:10
<ItalianSharp> the weird thing is, YM and ES making a push to close the opening gap...while ER2 not following thru...it could be that ER2 is waiting for YM to close the gap before falling? or am i just overanalysing?11:11
<NihabaAshi> Oil volatility has been increasing since a little before 11am est.
<ItalianSharp> ok, ER2 following thru now...happy for you niha11:12
<NihabaAshi> I need a 778.50 to merit start dumping my ADDs.
YM trying hard to close that overnight gap.11:13
Exited ER2 Long @ 778.60 --> + 1.1 11:14
Still holding a lot but profitable for the day on that dump of some ADDs.
<ItalianSharp> go niha, kick some ass to those bastids11:16
<szubaark>  Exited all Long NQ at 1750.75 --> + 3.25 paper
<NihabaAshi> I think YM just closed its GAP.
<ItalianSharp> well done szu...you picking up some momentum this week
yes it did
<szubaark> thanx.. ES needs 1 point (4 ticks) to close gap
<NihabaAshi> A little too soon...ER2 didn't respond strong enough :(11:17
I thought for sure it could get 779.00 before YM closed that GAP.
That was the purpose of my ADDs to exploit that.
<szubaark> Overall, pretty tight narrow range11:20
<NihabaAshi> A lot better trading conditions compared to yesterday.11:21
Although I wasn't around to trade the afternoon stuff.
ER2 volatilty declining again and so far today...the volatilty spikes that were produced by declining volatility...they've gone against my trade position :(11:27
<substanz>  Shorts YM @ 12179 11:30
<NihabaAshi> As long as this thing can stay above 777.90 I'm profitable on my Long position that's remainding.11:32
<Brutus> Doing a test trade....11:33

Long ER2 @ 778.1 /0,0 . 11:34
<NihabaAshi> Maybe Eurex slow (creeper) movement back upwards can give ER2 some inspiration :)
<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)11:37
<NihabaAshi>  Long ER2 @ 777.30 -> Add 11:42
<RussellDaytrade>  Shorts ER2 @ 1 at 777.2 -> small size testing 11:43
<NihabaAshi>  Long ER2 @ 777.10 -> Add 11:45
<RussellDaytrade>  Covered all ER2 Short @ 772.3 --> + 1 at 777.2 - 772.3 testing 11:46

<NihabaAshi> Russell...if your using the trade posting scrip...
Just type in the price of your exit...one time only without any other comments.11:47
<RussellDaytrade> thx
<substanz>  Covered all YM Short @ 12170 --> + 9 11:49
<szubaark> Russell how long uve been trading?
<NihabaAshi> ER2 volatility dropping again :(
<RussellDaytrade> stocks several years, index futures about 8 months, 1 contract trades11:50
<NihabaAshi> It's now almost noon est...volatility analysis during the dead zone is almost useless.11:51
Exited ER2 Long ADD @ 777.50 --> + 0.4 11:52
There's a FED speech somewhere today around 1:05pm est.11:57
Hopefully it triggers the return of the volatility.
<Brutus> 1305/1705 Minneapolis Fed Pres Stern speaks on

perspectives on policy issues at

Missouri Valley Economic Assn meeting

in Minneapolis
<NihabaAshi> Thnxs11:58
<PapaJon> bye all... have a good weekend11:59
* PapaJon is now known as PapaJon_afk
<NihabaAshi> ER2 volatility is now dead (useless for analysis).12:01

My Long position just suddenly became high risk.
<Brutus> Yeah, lately it could have the 1200 to 1330 pullback before the runup in the afternoon.12:04
<NihabaAshi> I'm now getting hungry after such an aggressive trading morning...I just asked the spouse to make me a big stack of pancakes.12:08

May need the energy later in the trading day :)

I need a 778.00 to dramatically be able to reduce my "risk exposure" on this Long position.12:14
<NihabaAshi>  Exited ER2 Long ADD @ 777.90 --> + 0.60 12:16
<szubaark> :(12:17
Still holding the originals and I have my risk exposure control back :)12:18

Position needs to stay above 777.30 to remain profitable.

Looking to dump some more contracts anywhere above 778.5012:20

The bulk of my Long position was below 778.5012:21

So far...I've manage to dump almost all of those below 778.50 contracts at a good profit especially the ADDs from the low 777 price area.12:22
<yo> volatility dead?12:25
<NihabaAshi> Once again :(
<yo> :(
<NihabaAshi> It had some hope for about 10 mins.12:26

Luckily I was able to dump some contracts at a profit during that 10 mins.
<yo> good
<NihabaAshi> I was expecting either today or Monday to be a trend day.12:27
<yo> look look maybe now12:28
<NihabaAshi> That leaves only Monday left for me to be aggressive in my trading because on Tuesday I become conservative in my trading again.
<yo> why niha?12:29
<NihabaAshi> Usually a trend day appears within 3 days after a FOMC Announcement
<yo> ok thnx
<NihabaAshi> Yesterday afternoon trading session that I missed could be qualified as an afternoon trend day.12:31

Beginning aorund 11am est.
<yo> 100% retrace12:32
<NihabaAshi> No...just the type of price action with normal (shallow) pullbacks with lots of higher lows and WRB's not being retraced.
<yo> ok12:33
<NihabaAshi>  Exited ER2 Long ADDs @ 778.60 --> + 0.10 to +0.90 12:34

Just dumped alot...still holding some remainders.
<yo> k nice12:37
be back later12:46
<NihabaAshi> It's not often we see ER2 letting the other Eminis dicatate the price action for such a long time...such has been occurring since 11am est.12:47
<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)12:49
<NihabaAshi> NOw that's a decent volatility spike and its a big time stop runner.12:50

Lets see if it can retrace back upwards.

This decline has taken me back under my profit goal for the day :(12:53

It needs to stay above 777.50 for me to stay above my goal for the day.12:54

Tighting up my stops...this hasn't made no attempt to retrace back upwards.12:59

Starting to dump my position.13:01

Exited ER2 Long @ 777.00 --> - 2 13:02

That's about right for the average loss on those contracts...still holding remainders (3 contracts from the initial entry).13:03
<Chilly> little triangles forming on ER2
<NihabaAshi> My profit goal for the day is 2k...I'm sitting around 1.8k right now :(

Hopefully the remainders can get me back above the 2k mark.13:04

If they do...I'll dump them (loss) and be happy I got my 2k profits for the day.13:05

A few more ticks to pay for the commissions :)13:06
<RussellDaytrade> '13:09
<NihabaAshi>  Exited Remainder ER2 Long @ 778.20 --> - 0.8 13:13

Something doesn't feel "natural" about closing the last trade at a loss while still reaching my profit goal for the day :(
<Chilly> at least you have the weekend now to enjoy your money :)13:14
<NihabaAshi> Will take one more trade if/when volatility returns...most likely a 1 contract position.13:15

Trade will be for psychological reasons...I hate going into the weekend with my last trade resulting as a loser.
<szubaark> know hat u mean.. when i have losing week my whole weekend is depressing and i feel like a loser..heheh13:18
<NihabaAshi> That drop below my old support (stop) level of 776.00 has changed my bias for the day...13:30

From Bullish to Neutral.
<Brutus>  Long ER2 @ 774.5 13:34
<yo> back
<szubaark> hi Brutus.. how long uve been trading?13:35
<ItalianSharp> wow, they dumping it good now...13:38
<WannaBeBOS> yes
<Brutus>  Exited all ER2 Long @ 774.6 --> + 0.1 13:39
<szubaark> creeped it til gap close, everyone went home, then they dropped it Fast and Suddenly
<NihabaAshi> Only thing that could have sparked the drop was that 1:05pm est speech.

Something must have been said to spook some people into a little profit taking from the Long positions off the earlier morning lows.13:40
<Brutus> Szu 1 year on futures13:42
<NihabaAshi>  Shorts ER2 @ 773.20 -> small size 13:48

1 contract only

Covered all ER2 Short @ 772.40 --> + 0.8 13:49

I'm done for the day.

Today is a good example of why to pay close attention to FED Speech Calendar Schedule.13:50

They have a habit, more often than not, producing a good price movement.13:51
<szubaark> yup.
<RussellDaytrade>  Long ER2 @ 772.1 -> small size

Exited all ER2 Long @ 772.4 --> + 0.3
<NihabaAshi> President Bush is the opposite, his speeches during the trading day more often than not produces "low volatility" chop.
This is very helpful info for the "trade management" of a trade after entry.13:52
Overall, the reappearence of the volatility has save the day for the volatility traders.13:53
<szubaark> Volatility appears then next minute its Gone.13:55

Niha why did u cover at 772.40? Just enoug below low of day?13:57

9:45 low was 772.90 (5 minute) so Stops below that u take +80 and see ya?13:58
<NihabaAshi> Kind'uv like that.14:00
<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)14:01
<NihabaAshi> szu...I'm preparing my daily PnL statement and I'll annotate the chart to show you what I saw.14:02
<szubaark> ok..thanks14:03
<NihabaAshi> Sorry for the delay...toddler giving spouse a hard time about nap time...I had to get involved and remind him that Santa Clause won't visit on Xmas if he doesn't take his nap :)14:12
http://www.thestrategylab.com/images/102 706NihabaAshiPnLBlotterProfit.png
szu...see the annotation for S/R Zone.14:13
That's where I expected a stall in that drop...
Although I did a very late entry (was eating a late lunch when the drop occurred)...
I caught a little of the drop and didn't want to hold the Short (get greedy) once it was testing the low range of that s/r zone.14:14
Be back in a few...family distractions :(14:15
* NihabaAshi is now known as NihabaAshi_away
* NihabaAshi_away is now known as NihabaAshi14:18
<szubaark> ok..see it14:19
<NihabaAshi> That's a small chart...a maximized 15min chart looks more impressive and easier to see how important that S/R Zone had on the bounce.14:22
<silo1> hi folks

<NihabaAshi> Welcome back.
<szubaark> where u been?
<NihabaAshi> I thought maybe you got lost in one of those stock chat rooms on IRC :)14:23
<szubaark> Niha i see how that red WRB candle acting as Resistance now as price retraced it and now more down14:27
<silo1> ahaha
<NihabaAshi> szu...yes...14:28

If I was still trading...I would have short that big time after the Dark WRB was retraced as long as there was a pattern signal to confirm such a trade.14:29

Looks like (once again)...I picked a bad time to either be eating lunch or calling it quits for the day :)

My comments about the Dark WRB is about ER2 2min chart.14:30
<silo1> yeah market tanked earlier14:35
<yvberj> Niha - Do you consider a long tailed doji the same as a long tailed hammer?14:48
<Brutus>  Long ER2 @ 770.7
<NihabaAshi> yvberg...if it has the same price action I trade as I do as a White Hammer14:50
<yvberj> That's what I do, but was curious as to how you handled it.14:51
<NihabaAshi> I do consider them the same except I wait for confirmation in the following interval after a doji whereas I treadt the Hammer pattern itself without confirmation.
<yvberj> Even with the hammer I usually wait for conf. of the next bar.14:53
<NihabaAshi> I don't because the type of price action I trade it in...the confirmation is built in prior to the development of the Hammer Line.14:54

The Doji is more dangerous...I want to see some confirmation after its development.14:55
<yvberj> I realize that, but I guess I've become a little more conservative (that's not politically conservative by the way) in my old age.14:56
<Brutus>  Exited all ER2 Long @ 772./L /L --> + 772./L /L - 770.7 15:10
<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)15:13
<RussellDaytrade>  Long ER2 @ /L 770.3 testing 15:41

Exited ER2 Long @ 77.1 --> + 77.1 - /L 770.3 testing 15:42

Exited ER2 Long @ 770.1 --> + 770.1 - /L 770.3 testing

testing script commands
<Brutus>  Shorts ER2 @ 768.4 testing 15:44
Covered all ER2 Short @ 768.2 --> + 0.2 testing 15:45
Testing scripts...15:50
Long ER2 @ 769.2 testing
Exited ER2 Long @ 768.3 --> - 0.9 testing 15:51
Long ER2 @ 768.7
Exited ER2 Long @ 768.5 --> - 0.2 15:52
Long ER2 @ 768.6
<NihabaAshi> You all have a nice weekend...I hope this drop make some of the hardcore Shorts happy :)15:53
<Brutus>  Exited ER2 Long @ 769.0 --> + 0.4
<RussellDaytrade> about time it gave some back!15:54
<Brutus>  Long ER2 @ 768.5 15:58
Exited ER2 Long @ 768.5 --> 0
<substanz> bye niha15:59
<Brutus> Testing Scripts....16:02
<yvberj> have a good w/e everyone16:03
<Brutus>  Long ER2 @ 769.2 testing 16:08
Exited ER2 Long @ 769.4 --> + 0.2 testing
Shorts ER2 @ 789.2 -> small size testing 16:09
Covered ER2 Short @ 789.1 --> + 0.1 testing
Shorts ER2 @ 769.5 -> medium size testing 16:12
Covered ER2 Short @ 769.6 --> - 0.1 testing
Long ER2 @ /S testing 16:19
Exited ER2 Long @ 769.6 --> + 769.6 - /S testing 16:20
<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)16:22
<Brutus> Testing Trade Posting Script....16:50
Long ER2 @ 776.4 testing 16:51
Exited ER2 Long @ 776.4 --> 0 testing
Long ER2 @ 776.8 16:52
Exited ER2 Long @ 776.8 --> 0
Long ER2 @ 778.6 17:03
Exited ER2 Long @ 778.6 --> 0
Shorts ER2 @ 776.2
Shorts ER2 @ 775.2 -> Add 17:04
Covered ER2 Short @ 775.2 --> + 1 17:05
Covered all ER2 Short @ 775.2 --> + 1
Shorts ER2 @ 776.2
Shorts ER2 @ 775.2 -> Add
Covered all ER2 Short @ 775.2 --> + 1 17:06
Shorts ER2 @ 775.2
Covered 1/4 ER2 Short @ 774.2 --> + 1
Covered 1/2 ER2 Short @ 773.2 --> + 2
Covered all ER2 Short @ 772.2 --> + 3
Shorts ER2 @ 776.5 17:08
Covered all ER2 Short @ 775 --> + 1.5
* DisconnectedSession Close: Fri Oct 27 17:18:42 200617:18



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.
   Slysoft - Copy and DVD or CD

Think Geek


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.


M.A. Perry and Associates



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

Home About Us Accolades Trade History

Trading Strategies Manual Trader Consultation

Discussion Forums Japanese Candlesticks Traders Library

Live Chat Rooms Seminars Computer System Setup

Refund Policy Cash Rebate Program Referral Program

Contact Feedback Privacy Disclaimer

Copyright 2002-2006. The Strategy Lab. All rights reserved.