#FuturesTrades October 30th 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.
ER2 EuroFX EC +12.90 +0.0000 $1,290.00 $0.00
Trader versus Vendor
Early arriving snow over the weekend had me busy most of the day today preparing for the winter and finishing up some outdoor home projects.
I did only three trades today but I did reach my goals for the day in the first trade of the day. The first three trades via the Swing Trading Report (STR) whereas the last trade of the day was something new (a possible new edge for next year during low volatility trading conditions).
Someone recently sent me an email asking me why do I sell me strategies and risk losing its edge when too many traders begin to use it.
First of all, I'm not using a mechanical system nor automation trading.
That reason alone allows the different personality of each trader to actually apply the method differently than the other trader even though my methodology is rule based.
In addition, in reply to another question, I sell my strategies because many of my clients have actually helped me improved my own methodology via our private Question & Answer consultations and that in itself results in more consistent profitable trading for myself and for them...something I could not have done on my own nor could they have done on their own.
Also, selling my strategies gives me additional income that allows me to afford to be able to find new edges because there are a few trading days each month I put aside my own profitable methodology to trade a small size position via a new edge...additional income that compensates when the new edge causes losses.
For example, my two best trades of the year (not today) were due to a client seeing something that I had missed and I was able to still capitalize on the entry without exceeding my chase range.
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: Mon Oct 30 09:29:14 2006Session Ident: #futurestrades * Now #FuturesTrades purpose and benefits...click here. 09:29 <X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm <szubaark> . 09:31 <pat255> gm all.. <eminitrader> morn all 09:32 <szubaark> gm emini <pat255> gm emini <silo1> hey emini, szu, niha 09:33 <szubaark> hi silo <eminitrader> morn silo 09:34 <yo> gm all <NihabaAshi> Long ER2 @ 767.00 -> large size 09:38 Exited 2/3 ER2 Long @ 768.30 --> + 1.3 09:41 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) <PapaJon> gm all <yo> gm <pat255> vn niha...good start 09:42 <yo> was that a wrb signal niha? <yvberj> 15 <NihabaAshi> Exited ER2 Long @ 768.50 --> + 1.5 09:43 <pat255> niha done for the day ..lol 09:44 <NihabaAshi> I'm flat...not holding any remainders. I should based upon my trading habits. :) I'll most likely got to 1 contract trades for the remainder of the trading day. 09:45 Profit protection mode to ensure my last trading day of the month of October is a profitable one. <Brutus> Shorts ER2 @ 769.7 09:46 <eminitrader> u not trading tommorow ? 09:47 <NihabaAshi> Yes <eminitrader> k <NihabaAshi> Ooopss... Sounds like there's one more trading day in October :) Trick or Treat :) <eminitrader> :)) 09:48 <NihabaAshi> Spent the weekend getting prepared for the winter...it's snowed twice here in the past 2 days. <Brutus> Covered ER2 Short @ 768.7 --> + 1 <pat255> niha where do u live just curious.. <szubaark> no snow here yet but its getting Cold. 09:49 <NihabaAshi> Several hours north of Montreal. <pat255> i know in canada... niha look in my private thread. I posted yesterday's broker statement and will post end of today monthly broker statement and the quantitative statistical analysis <NihabaAshi> Thanks pat. I'm today at high altitude at the condo (ski-resort) doing cleaning to get ready for winter to come. <pat255> ah ha k...lucky fella.. <silo1> szu, you're in cali right? <szubaark> no Michigan 09:51 2.5 hour ride to CME and CBOT heheh <silo1> cool 09:52 <Brutus> Long ER2 @ 766.8 <szubaark> Shorts NQ @ 1723.75 «« paper »» 09:53 <Brutus> Exited ER2 Long @ 767.3 --> + 0.5 09:54 <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) 09:56 <asuni> ur bias for today niha? 09:58 <NihabaAshi> Bullish silo...check private message I sent you. I have a question about your IP address. It's different and does not correlate with your location you told me earlier in private message. <asuni> thks <NihabaAshi> Unfortunately I don't like the volatility that's developed soon after the Open...its very equal paced... That can easily setup the price action to go into a chop like trading condition. 09:59 <yo> nice 10:05 oeps wrong window <szubaark> exit stop moved to breakeven NQ @ 1723.75 «« paper »» 10:06 <yvberj> 5 Sorry about that. If you see me just enter numbers ignore it. 10:07 <szubaark> NQ real tight.. cant get a Volatility spike down so far 10:08 slow, controlled small body red candles 10:09 <NihabaAshi> Long ER2 @ 764.40 -> small size 1 contract only <szubaark> Covered all Short NQ at 1723.75 --> 0 «« paper »» :(( Buys NQ @ 1724 «« paper »» 10:10 <NihabaAshi> Exited ER2 Long @ 764.50 --> + 0.1 10:11 :( <szubaark> that was Quick Niha 10:12 <WannaBeBOS> lol <NihabaAshi> They picked off my trailing stop as soon as I moved it up to +1 tick :( 10:13 <pat255> k guys biab @office ...:( 10:17 ty all <Brutus> Shorts ER2 @ 765.9 10:18 Covered ER2 Short @ 765.9 --> 0 10:20 <szubaark> Exited all Long NQ at 1726.25 --> + 2.25 «« paper »» 10:21 <Brutus> Shorts ER2 @ 766.5 10:23 <jperl> ER2 at VWAP 766.62 10:24 <Brutus> Covered ER2 Short @ 766.0 --> + 0.5 10:25 Shorts ER2 @ 766.3 10:28 Covered ER2 Short @ 765.8 --> + 0.5 <yo> nice brutus 10:29 <jperl> YM at VWAP 12104 10:39 * NihabaAshi is now known as NihabaAshi_away <Brutus> Shorts ER2 @ 768.2 10:41 Covered ER2 Short @ 767.8 --> + 0.4 Shorts ER2 @ 768.4 10:42 Covered ER2 Short @ 767.7 --> + 0.7 10:44 Shorts ER2 @ 767.9 10:45 Covered ER2 Short @ 767.9 --> 0 10:46 Sox bearish divergence, knew it was going down :) 10:47 <szubaark> Buys NQ @ 1730.25 «« paper »» 10:50 <jperl> ER2 at VWAP 766.73 10:59 <RussellDaytrade> jp, is that vwap figure for the day thus far? 11:00 <jperl> yes <RussellDaytrade> thx 11:01 <szubaark> looking for a Volatility spike here..hopefully to upside :)) Exited all Long NQ at 1732.50 --> + 2.25 «« paper »» 11:02 * szubaark is now known as szubaark_away <eminitrader> Shorts ES @ 1383.25 11:03 Covered all ES Short @ 1383.75 --> - 0.5 11:05 <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) 11:08 <Brutus> Shorts ER2 @ 770.5 11:10 Shorts ER2 @ 771.4 -> Add 11:12 Covered ER2 Short @ 770.9 --> + 0.1 11:14 Covered all ER2 Short @ 770.9 --> - 0.4 11:15 <eminitrader> Shorts ES @ 1384.75 11:21 <szubaark_away> so far they giving almost no Pullbacks, very shallow <eminitrader> yep...2 tick stops on these shorts 11:22 <Brutus> No fil at 771.9 I say down 11:25 <eminitrader> Covered all ES Short @ 1385.25 --> - 0.5 <Brutus> Could have a good pullback here for next 1/2 say 11:27 <eminitrader> not worth the risk on shorts right now 11:28 <Brutus> 1/2 hour 11:29 Shorts ER2 @ 771.7 11:30 <szubaark_away> Brutus is that what yur system does, Countertrend for ticks? 11:32 <eminitrader> highly strssfull foe me if ticks is what we r tlooking for <Brutus> Covered ER2 Short @ 770.7 --> + 1 11:33 I should have held this one. To me the trend has weakened 11:34 May be a HOD maybe not I will judge it in say 1/2 hour 11:35 It has to show me strength and I will be happy to go long 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. <jperl> You must be from Missouri 11:36 <Brutus> What seems a counter trend to you is a good entry with measurable stop for me Stop was 771.9 only a few ticks of risk. 11:37 <eminitrader> Long ES @ 1383 <yvberj> Looks like a possible consol. on ER for another leg up. 11:41 <Brutus> I am here to improve my trading. 11:55 I do well on counter trend trading <eminitrader> aren't we all :) <Brutus> But a poor trend follower I dont seem to be able to get myself to enter when I have 'missed the start' 11:56 * WannaBeBOS is now known as BOS-doc 11:57 <eminitrader> yeah thats tough..once u miss the entry...chasing never works for me usually ct trading is tough...if u do well on those ..trend trading should be easy for ucomparatively i mean 12:00 <Brutus> Logic would say so. 12:02 Like clockwork, should find support soon. <eminitrader> exit stop set ES @ 1382.25 12:11 <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) 12:17 <eminitrader> Exited all ES Long @ 1382.25 --> - 0.75 <szubaark_away> Buys NQ @ 1731.25 «« paper »» 12:39 * szubaark_away is now known as szubaark <szubaark> these pullbacks are always tough to time 12:40 <jperl> I'm done for the morning.....a bunch of nitpicking trades... 12:43 http://charts.dacharts.com/2006-10-30/JP ERL_011.png especially that last set of YM entries <szubaark> code.. there is a ghost for what its worth jperl.. u trying the YM? 12:44 <jperl> sure...why not fun to trade it when ER is not doing anything <szubaark> i didnt like it.. too many Stop spikes hitting my Stops.. NQ a lot smoother 12:45 <jperl> I don't use stops...so not a problem <szubaark> ER trading is my ultimate goal.. but right now not ready for it. I got too many flaws, and ER will expose them ALL 12:46 <jperl> I will only enter a trade if I see a possible scale in, if the trade moves against me... 12:47 which happpened on that last YM set found that stops will bleed you to death 12:48 <szubaark> yes.. need to give it breathing room.. which is where EXPERIENCE comes in 12:49 Exited all Long NQ at 1731.25 --> 0 «« paper »» not going anywhere <jperl> The last YM set is instructive.... 12:52 Initial entry was at 12133 Market started to move against me.... 12:53 I scaled in contract 2 at 1217... Market continued to move against me.... Scaled in contract 3 at 12113... Eventually exited all 3 contracts at 12122 for break even... 12:54 If I were using stops... I would have had a loss of about 20 ticks 12:55 The two scale ins were at good support points... 12:56 <pat255> nice there jper ... <jperl> POC at 12117.... <pat255> stops sometimes work against u.. <jperl> VWAP at 12113 <pat255> for er2? ty <jperl> VWAP for ER2 now 768.09 12:57 <pat255> kty <Brutus> szubaark, what is your trader profile listed under? <RussellDaytrade> ? for the board, do you all like post / link charts? 13:08 <eminitrader> to what...setups, entries, exits ??? 13:09 <RussellDaytrade> yes, those factors, price projections, support, resistance, etc 13:10
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. <eminitrader> no...at least i dont in general... possibly will post or pm on request 13:11 <pat255> if of interest some post .. 13:12 <RussellDaytrade> ok, thx, thought i would post a chart 13:13 <pat255> go ahead .. 13:14 <substanz> Long YM @ 12131 «« paper »» 13:24 <RussellDaytrade> http://s138.photobucket.com/albums/q277/ RussellDaytrade2/?action=view¤t=r2 103006.jpg&refPage=&imgAnch=imgAnch1 13:26 <X> 13:29 <Brutus> Shorts ER2 @ 774.7 13:41 * BOS-doc is now known as WannaBeBOS <Brutus> Covered ER2 Short @ 774.3 --> + 0.4 13:43 * NihabaAshi_away is now known as NihabaAshi <NihabaAshi> Just got back from a doing a ton of personal stuff outside before the snow hits. 13:44 <pat255> been slow drip up .. <NihabaAshi> It's already hit but quickly melted away...next batch won't be so easy to melt :) <substanz> Exited all YM Long @ 12137 --> + 6 «« paper »» 13:45 <Brutus> Loaded Bid on ER lot more upside or could be a fake 13:46 <RussellDaytrade> my model says it can retrace to 771 in an hour if this a top for this move 13:51 just has a short, stopped out, got disconnected from server when posting it 13:52 <Brutus> Agree, Dont think there is much upside. 13:53 <RussellDaytrade> will try posting it again, way after the fact s 773.2 <Brutus> Shorts ER2 @ 774.9 13:59 Covered ER2 Short @ 774.3 --> + 0.6 14:00 1400 reversal looks probable. 14:01 $90 in commissions so far today. :) 14:03 <eminitrader> Shorts ES @ 1386.25 <szubaark> Shorts NQ @ 1742.25 «« paper »» <RussellDaytrade> you're paying too much! <szubaark> RISKY SHORT <RussellDaytrade> in commish IB, $5.00 rt 14:04 <eminitrader> es @ 50% retrace from the large down move ...will prolly have some pullback here <Brutus> Shorts ER2 @ 774.7 14:05 Covered ER2 Short @ 774.3 --> + 0.4 14:08 <szubaark> Covered all Short NQ at 1743.50 --> - 1.25 «« paper »» 14:15 Buys NQ @ 1743.50 «« paper »» looks like another "Flag" before more upside <Brutus> Nice reversal Szu 14:18 <szubaark> Exited all Long NQ at 1745 --> + 1.5 «« paper »» thanx.. trading 1 contract cant do much.. just grab quick point <eminitrader> Shorts ES @ 1386.75 -> Add 14:19 <pat255> k guys c u all ater..ty 14:23 back to work <eminitrader> Covered 1/2 ES Short @ 1385,25 --> + 0 + 1386.75 - 1385,25 14:31 <NihabaAshi> ER2 volatility is declining...expecting a volatility spike. 14:33 I'm still waiting for that volatility spike...volatility is still declining. 14:39 <szubaark> [09:39] <NihabaAshi> Long ER2 @ 767.00 -> large size Niha that was a nice trade. What was your "reason" for it? <NihabaAshi> Would be nicer had I stayed in it even though it wasn't a goal for such. 14:40 <X> 14:41 <NihabaAshi> That 1 contract position I did around 1009am est had the goal for a swing trade Long position but I was rudely picked pocketed for a 1 tick profit before it took off northwards. szu...that first trade I did was exploiting the downside gap along with the market seasonal pattern for October (bullish). 14:42 Still no volatility spike and its almost dead. 14:49 <yvberj> Someone wake me up when the mkt. opens. 15:05 <eminitrader> :)) exit stop moved to breakeven ES @ 1386.25 <yvberj> When you use the emoticons I just get the :)) How do I set it to get the image? 15:07 <NihabaAshi> I think you need to be using a special type of emoticons script to see an image. 15:08 I've seen it done in other chat rooms but I'm not sure how they did it. <yvberj> OK Thanks 15:09 <eminitrader> Covered Remainder ES Short @ 1386.25 --> 0 15:11 late post 15:12 <RussellDaytrade> well, it can't stay betwen 774 and 775 forever, can it?? 15:15 <NihabaAshi> Shorts ER2 @ 773.30 15:19 1 contract only...I'm in profit protection mode from this morning's profits. 15:20 Not looking for much on this trade...trying something new. <eminitrader> got shook out :(( <yvberj> 5 <domino66> Shorts ER2 @ 773.3 «« paper »» 15:24 Covered ER2 Short @ --> + 773.3 - «« paper »» 15:35 aargh sorry, my mistake there. i covered at 773.6. <NihabaAshi> Too much of a fight in ER2 to maintain that tight range...nobody will to shake things up with some size. 15:36 Covered ER2 Short @ 772.80 --> + 0.5 15:37 Caught a WRB pt1 exit on that. I'm done for the day and it looks like no volatility will show up for the remainder of the day. 15:38 Reminder: The password to access #FuturesTrades will change tomorrow night and will be posted tomorrow night at http://p207.ezboard.com/fthestrategylabf rm88 15:44 <yo> thnx 15:48 <X> 15:53 <yvberj> Have a good eve. See you all tomorrow. 16:11 <RussellDaytrade> l 774.3 16:13 Long ER2 @ 774.3 Long ER2 @ 774.3 16:16 <yo> gn all 16:17 <RussellDaytrade> Shorts ER2 @ 774.3 -> small size 16:18 Covered ER2 Short @ 774.2 --> + 0.1 16:20 testing script... Shorts ER2 @ 774.2 -> small size 16:26 Covered ER2 Short @ 773.6 --> + 0.6 16:27 Shorts ER2 @ 774.1 -> small size 16:32 Covered ER2 Short @ 773.9 --> + 0.2 more scrpit command testing 16:33 Long ER2 @ 774 16:40 Exited ER2 Long @ 774 --> 0 Shorts ER2 @ 774 -> small size Covered ER2 Short @ 774 --> 0 <NihabaAshi> Russell, have you discover any more errors in the trade posting script ??? 16:41 <RussellDaytrade> i think Brutus has, he just assisted me in updating to another V of script 16:42 <NihabaAshi> Ok. <RussellDaytrade> the command /s is now coming up as invalid but in the earleier V, it semed to cause a disconnect 16:43 thx N <NihabaAshi> You mean the manual input of the /s command ? <RussellDaytrade> will have to memorize the command yes when I type /s and the value, such as 774, it doesn't post have to command /ss to invoke the short sale post 16:44 Shorts ER2 @ 774 -> small size and it denotes small size, (which for me still applies) <NihabaAshi> What happens if you use the "auto" via using the right click method to bring up the trade post commands ? 16:45 <RussellDaytrade> will try Shorts ER2 @ 774 looks good, works fine Covered all ER2 Short @ 774 --> 0 right click command there on that trade close 16:46 new language / commands for me, just gotta get accustomed to using them thx N 16:47 * DisconnectedSession Close: Mon Oct 30 17:00:42 2006 17:00 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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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...
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M.A. Perry and Associates
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