#FuturesTrades November 8th 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.
ER2 EuroFX EC +10.00 +0.0000 $1,000.00 $0.00
DSL versus Cable
With market seasonal tendency information from the elections and the price action until mid-November...
Today's gap down at the open gave an excellent opportunity for Long positions and I was able to exploit such until the afternoon trading session when I begin having data problems again.
Over the next few weeks I'm going to be doing a lot of ping monitoring between Cable and DSL to do a comparison to see if there's less latency problems via DSL in comparison to Cable.
I discussed below two particular times of today's market that I missed pattern signals and those signals are explained in detailed in the Swing Trading Report (STR).
If you are a user of the STR...please email me and I'll send you the charts with annotations to show you the pattern with additional trading tips that's currently not in the STR.
However, these charts will be posted eventually in the new member area of the website that you already have access to.
Further, I'm nearing my profit goal for the month of November (5k) and its a much lower goal in comparison to October trading due to the low volatility trading conditions.
This is just one example why we need to be realistic with our trading goals because not every trading day is the same, not every trading week is the same, not every trading month is the same nor every trading year the same.
Too many traders keep the same risk:reward ratios, goals et cetera for each trading day as if every trading day is the same. Such is counter-productive and can easily put you into the wrong psychological mind set...resulting in an increased chance for loss.
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 November...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 Nov 08 09:29:13 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 <jperl> looks like the open will be just above the weekly value but below the monthly value <RussellDaytrade> don't know about the yearly, but that monthly may come into play 09:30 <ItalianSharp> niha, any bias today? no news apart from oil report...maybe a dull trading day? 09:31 <PapaJon> gm all <NihabaAshi> I have a neutral bias right now. 09:33 <jperl> ER2 touching weekly VWAP 761.11 09:36 <Brutus> Long ER2 @ 761.20 Should be 761.6 09:37 <pat255> gm all <Brutus> Exited 1/2 ER2 Long @ 763.5 --> + 2.3 09:38 <szubaark> nice brutus <Brutus> Exited all ER2 Long @ 763.8 --> + 2.6 09:39 <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> Long ER2 @ 764.40 -> small size 09:42 <szubaark> Buys NQ @ 1741.50 «« paper »» <jperl> ER2 touching monthly VWAP 765.55 <NihabaAshi> My bias has changed from neutral to bullish. 09:43 Exited 1/3 ER2 Long @ 766.00 --> + 1.6 09:44 <szubaark> Exited all Long NQ at 1743.75 --> + 2.25 «« paper »» <NihabaAshi> Exited 1/3 ER2 Long @ 767.00 --> + 2.6 09:45 <szubaark> Niha u got a nice email@example.com.. must have been on the 2min? 09:46 <NihabaAshi> 5min chart. 09:47 I was a little late on the trade...lost a lot of wiggle room because I should have been Long around 763.30 - 763.50 09:49 <jperl> ER2 pausing at monthly VWAP 765.56 09:50 * codehead_afk is now known as codehead 09:51 <NihabaAshi> Exited Remainder ER2 Long @ 764.70 --> + 0.3 09:53 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) <szubaark> Buys NQ @ 1745.50 «« paper »» <NihabaAshi> I thought for sure it would hold and keep me on it for a possible GAP fill. 09:54 <pat255> it i syo yo ... <szubaark> exit stop set NQ @ 1745.50 «« paper »» 09:56 Exited all Long NQ at 1745.50 --> 0 «« paper »» 09:57 <RussellDaytrade> 770 or so morning high? if clears 767 with gusto? <jperl> ER2 oscillating about monthly VWAP 765.56 09:59 <szubaark> Buys NQ @ 1746.50 «« paper »» 10:00 setting up for valatility spike.. hopefully to upside, im Long :) 10:01 exit stop set NQ @ 1746.50 «« paper »» 10:02 <NihabaAshi> Long ER2 @ 767.50 -> small size 2 contracts only <RussellDaytrade> if clears 770, may carry another buck or so on stop running <szubaark> Exited all Long NQ at 1749.25 --> + 2.75 «« paper »» <NihabaAshi> Exited all ER2 Long @ 768.20 --> + 0.7 10:03 Couldn't resist the sudden show up of volatility after it had been declining for a few intervals. I'm 1 contract only today on Shorts. 10:04 <Brutus> I was long waiting for that 6k Es offer to be taken but ER did not budge 10:06 <jperl> mixed markets today...so play it close to the chest... 10:07 http://charts.dacharts.com/2006-11-08/JP ERL_019.png take small profits 10:08 watching ER2 you can see how it is struggling to close the gap 10:09 <szubaark> Today, NQ is the Long winner so far 10:10 <jperl> YM at VWAP 12155 10:14 <NihabaAshi> Shorts ER2 @ 767.10 -> small size 10:15 1 contract and a bad fill. <jperl> ER2 VWAP 765.34 10:16 <NihabaAshi> Covered ER2 Short @ 766.40 --> + 0.7 I tried to catch 767.40 for a short. Used a market order on an uptick when it was at 767.40 10:17 <RussellDaytrade> jp, my sense reagrding the monthly er vwap, is that the longer it builds/stacks above the price, that it'll become a weight on the market, that may create a longer term effect down, in order to 'balance out'... <NihabaAshi> Got filled at 767.10 <RussellDaytrade> weekly, same thing, to a smaller degree, and daily same to a smaller degree/timeframe yet 10:18 <NihabaAshi> That's a 3 tick slippage and I'm not sure if it was a computer problme on my side, broker problem or internet connection problem. If it happens again...I'm done trading for the day. <RussellDaytrade> good to keep an eye on them, for big picture backdrop/clues, etc <ItalianSharp> did you enter at market niha?= <NihabaAshi> Most of the time I do and that was a market order on upticks. 10:19 <jperl> YM pausing at VWAP 12155 <ItalianSharp> wow....getting a bad fill on upticks makes me wonder... * jperl doesn't trade at VWAP <jperl> my reminder <NihabaAshi> Bad fill on a Short position on upticks or bad fill on a Long position on down ticks... 10:20 Always makes me nervous that something is wrong. In the past, I would just keep trading as normal and often suffer big time. 10:21 Recently, I've learned to scale down my size and monitor my trades more closely when I see that happen the first time. -> [NihabaAshi] PING 10:22 -> [X] PING 10:23 -> [ItalianSharp] PING <yvberj> G. M. everyone. Got a late start this AM. <Brutus> DOE crude news 10:30 <szubaark> Shorts NQ @ 1743.50 «« paper »» low re-test would be nice 10:32 exit stop set NQ @ 1743.50 «« paper »» 10:33 no juice.. will have to get better entry Covered all Short NQ at 1743.50 --> 0 «« paper »» 10:34 Buys NQ @ 1745 «« paper »» 10:35 <RussellDaytrade> buy stop to enter long ER2 @ 770.5 «« paper »» 10:37 <szubaark> exit stop set NQ @ 1745 «« paper »» 10:40 <NihabaAshi> ER2 closed its GAP :) Party hats on :) 10:41 <szubaark> Exited all Long NQ at 1746.25 --> + 1.25 «« paper »» <NihabaAshi> By doing so it kepted alive another Election year market tendency. <szubaark> dont like this price action on NQ :(( <RussellDaytrade> cancelled all open stop orders «« paper »» 10:42 <yvberj> Long ER 767.8 exit 787.8 <RussellDaytrade> it got most of the way there, actually wanting to short it above 770 Shorts ER2 @ 770. «« paper »» 10:46 <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) 10:48 <RussellDaytrade> setup target down 3.60 in 39 minutes from high, targets may be adjusted if price keeps running 10:49 Covered all ER2 Short @ 769.2 --> + 0.8 «« paper »» 10:55 buy stop to enter long ER2 @ 770.5 «« paper »» 10:56 looking for a retest of high to re-enter short 10:57 cancelled all open stop orders «« paper »» Shorts ER2 @ 769.9 «« paper »» Covered all ER2 Short @ 768.6 --> + 1.3 «« paper »» 10:58 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. <Brutus> I am following a scenario that is playing out well today. IF ES makes new highs after 1230 we could have a very large move to the upside. 10:59 <RussellDaytrade> brut, think we may see a price direction to the downside, and split dif of todays low-high, approx 765.5... 11:02 <Brutus> Maybe not so low, but am looking for a pullback to 1230 11:03 <RussellDaytrade> perhaps we challenge vwap, etc, break a little beneath it to test resolve of longs? <Brutus> Smart longs new this all along. Odds were the dems winning the house right. Nothing new... 11:06 <RussellDaytrade> that prcie target i noted above, down 3.60 in 39, etc, (equates to 766.5 +/-), usually, (emphasis), the hgiest probabilty trade is the first portion of that, ie, a buck-buck and a half of it, and, if it retests during the first portion of the timeframe of everall target, ie (39 overall, so, within 10 minutes of high, as example, it varies slightly, a visual interpretation helps), it is more likely to fulfill another run at th 11:09 if retest takes too long to happen, ie, happens in the latter portion of target timeframe, odds of meeting setup targets are reduced, usually. 11:10 <NihabaAshi> ER2 volatility has been declining as normal after a first hour run-up. <jperl> I'm done for the morning....here are the executions.... 11:11 http://charts.dacharts.com/2006-11-08/JP ERL_0110.png last series of trades were scale ins to get out of a lousy YM short so instead of a loss of 21 ticks, I had a net profit of 2 11:15 <RussellDaytrade> in allowance for factoring the trade objectives, in order to increase capture to a higher ratio of setup targets, usually, when the market is either more deeply oversold/bought, the odds favor a more meaningful move in teh opposite direction, hence, larger ratio of setup target can be looked for in a trade target... when its not (deeply sold/bot), factoring of trade objectives relative to setup targets is more, advisible. 11:16 thanks, wanted to share, helps to hammer it home. 11:17 Shorts ER2 @ 770 «« paper »» 11:21 no edge, just trading, looking for .5 / minor amount 11:22 Covered all ER2 Short @ 769.7 --> + 0.3 «« paper »» 11:24 think we just had a target reset, down 2.80 from high in 43, so, 767.8 11:32 late on that call, perhaps there'll be a secondary entry short, (above the target trendline down) 11:34 market seems to have lost impetus on that last run up.... 770.2 or so may be as much as we get up 11:36 Shorts ER2 @ 770.1 «« paper »» 11:39 stop 770.6, target 768.6 11:40 Covered all ER2 Short @ 769.5 --> + 0.6 «« paper »» 11:43 great setup, lost my frotitude 11:44 <jperl> For those of you interested..... I have annotated the YM chart to show the short entry and exit points on my last YM trade... 11:45 http://charts.dacharts.com/2006-11-08/JP ERL_0111.png If I had acted smart.... I would have reversed the trade when price action crossed the VWAP line.... I didn't.... 11:46 so I had to find scale in points to get out of it without a loss <szubaark> jperl.. that scaling is fine and dendy when u get pullbacks, BUT if u get caught in a trend day. it can be painful 11:48 <RussellDaytrade> we're below yesterdays vwap of 771, tem buyers from yesterday may be beginning to get real anxious about tnot, and say $#@%^, just sell. 11:49 <jperl> agree szu..... 11:50 so I would only do it if there is protection above me.... in this case, the previous close and yesterdays VWAP were above me <szubaark> hmm.. see some type of "triangle" forming on NQ.. lets look at longer timeframes 11:51 <RussellDaytrade> jp, that vwap chart is very similar to yesterdays, spike up in am, followed by slow roll down. repeat today. or a late day 'upside surprise' 11:53 i htink it may get pushed to 767.5 here, +/- 11:56 i'm going to the backburner til i see something that calls attention to itself 11:59 <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) 12:00 <jperl> ER2 at yesterdays VWAP 771.11 12:08 <Brutus> 1pm Bush to make significant announcement 12:27 <RussellDaytrade> that late spike down just fullfilled the last target of 767.8, approx. it was about 6-7 late, and ... 12:28 a few ticks short, but wait, thre it is! 12:29 <jperl> ER2 at VWAP 767.41 <RussellDaytrade> buyer become seller now? below vwap? 12:30 <jperl> yes <Brutus> 1230 ES looking weak, it is pivot time, will buy ER at new ES highs. <jperl> provided price action stays below VWAP <RussellDaytrade> amazing the way traders/floor traders, etc, move these prices, it's like they gotta cover their butts 12:31 and yet, its almost...predictable! 12:32 <Brutus> Democrat Tester declared winner for Senate seat in Montana 12:47 Democrats will take control of the U.S. Senate if they win the tight Virginia Senate race Secy Rumsfeld To Step Down, must be the Bush 1pm news 12:50 <RussellDaytrade> GOP is dumping balast 12:51 <Brutus> Looks like 1240 was the pivot time. 12:52 <RussellDaytrade> nailed that well, brut even a buy at 1230, while painful at first, worked out 12:53 <Brutus> When ES breaks the HOD this is going through the roof. 12:56 <Chilly> wow .. hope somebody got the nice lunchtime moves on ER .. I forgot that lunch is for wimps :) 12:58 <RussellDaytrade> Rumsfeld a trend-follower? Leaves post haste when the going gets tough. there's your 'lunchtime wimp' 13:00 <yvberj> This news will probably give the mkt. a boost. 13:11 <Brutus> Long ER2 @ 768.7 <RussellDaytrade> perhaps mkt may see more uncertainty about it 13:12 <Brutus> Yes tight stop <X> <yvberj> The voters want a change & this one is long overdue. Once it's digested I think the mkt will see it as a positive. 13:14 <RussellDaytrade> you may have a better read on that reaction than i yv. 13:15 <yvberj> The mkt. will certainly tell us. Right now I'm in a wait & see mode. 13:16 <RussellDaytrade> may take a little tiem to digest any ramifications, makt may give better (lower) prices for long entries, i think me too. <Brutus> New highs please stop at BE There is a lord and he listens to me :) 13:17 <RussellDaytrade> yes he does. 13:18 <Brutus> Exited ER2 Long @ 769.4 --> + 0.7 13:20 doh I am still bullish as long as ES is above that 1240 pivot. This could easily get a strong rally soon. 13:27 Long ER2 @ 769.5 13:28 Exited ER2 Long @ 769.7 --> + 0.2 13:31 <pat255> hi guys ...back for a little bit ..office ...:( 13:36 <Brutus> Long ER2 @ 770.8 13:48 <szubaark> Buys NQ @ 1754 «« paper »» 13:49 <yvberj> 1 13:50 <Brutus> Exited ER2 Long @ 771.6 --> + 0.8 ER, NQ new highs 13:52 <szubaark> yup..looking for some followthru <RussellDaytrade> selloffs getting shallower <szubaark> exit stop set NQ @ 1754 «« paper »» well..main thing is they never re-tested lows 13:53 shorts are getting nervous <RussellDaytrade> and shorter in duration, short will scramble to cover <szubaark> Exited all Long NQ at 1756.50 --> + 2.5 «« paper »» 13:54
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. <Brutus> Not much volume on the breakout 13:56 <szubaark> YM needs to catch up <yvberj> Long 771.5 exit 772.7 13:57 <NihabaAshi> I just got back. 14:15 Looks like ER2 still has on its party hats :) 14:21 <X> <NihabaAshi> Shorts ER2 @ 774.10 -> small size 14:27 1 contract only <Brutus> Veterans Day (Observed); govt Offices closed; markets open <NihabaAshi> I'm still bullish. <Brutus> Friday 10th Nov <NihabaAshi> Covered ER2 Short @ 773.70 --> + 0.4 14:29 <Brutus> ES new highs at 1500 small sell at 1530. See if it works :) 14:31 <NihabaAshi> However, it doesn't make up for the missed bullish signals around 1245pm and 1:30pm est :( 14:32 <RussellDaytrade> lets see if this will help... <NihabaAshi> Was out doing some personal stuff. <RussellDaytrade> ltel 776 buy stop to enter long ER2 @ 776 «« paper »» <NihabaAshi> Long ER2 @ 775.00 -> small size 14:34 Very oor entry... meant poor entry. <szubaark> Niha on NQ 5 min u got 2 WRB's back to back (green and red) how u see that? 14:35 <NihabaAshi> Exited ER2 Long @ 774.00 --> - 1 Reverse and Enter Short ER2 @ 774.00 Ooops... 14:36 <szubaark> actually 3 2:15 2:25 and 2:35 WRB's <NihabaAshi> That's a reverse position at 774.40 Will correct in a minute... <yvberj> 1 14:37 <NihabaAshi> Long ER2 @ 775.00 -> small size Exited ER2 Long @ 774.40 --> - 0.6 Reverse and Enter Short ER2 @ 774.40 That's what happens when entries are poor :( ER2 volatility is slowly declining...if it continues that way...their WILL BE a volatility spike... 14:40 Hopefully in the direction of my trade. <szubaark> each candle higher low :( 14:41 <Brutus> This is from a poster on ET he posted before the open and this at lunch I have been long ever since and don't intend to sell until surpass yesterday's high prints. 14:42 <NihabaAshi> Covered ER2 Short @ 774.70 --> - 0.3 Reverse and Enter Long ER2 @ 774.70 <szubaark> typical afternoon games they play <Brutus> Not games Szu but a repeating pattern 14:43 <NihabaAshi> Added a few contracts on that position reversal. <szubaark> brutus what pattern u see? 14:44 <NihabaAshi> I missed the increasing volatility and came back to start trading again...declining volatility :( Someone saw me coming and decided to call it a day :) 14:45 <Brutus> This days action, gap down on negative news When the trend is up <NihabaAshi> Exited ER2 Long @ 774.40 --> - 0.3 14:46 Reverse and Enter Short ER2 @ 774.40 <Brutus> Print out todays chart, put notes and it stick it on the wall, it will be a start :) 14:47 <NihabaAshi> Volatility still declining... 14:50 <RussellDaytrade> cancelled all open stop orders «« paper »» 14:54 stepping out, better cancel <NihabaAshi> ER2 volatility now dead 14:56 No volatility spike...looking to dump this short. 15:03 <yvberj> At this point I'm looking for gravity to bring it dn. 15:04 <NihabaAshi> :) Oh oh...my ping monitor just got poor...well over 300 ms 15:07 Shorts ER2 @ 774.60 -> Add 15:10 1 contract add...trying to manage a data problem. Covered ER2 Short @ 774.00 --> + 1 15:12 That's a +0.60 on that contract...not a +1.00 Covered ER2 Short @ 772.90 --> + 1.5 15:14 <yo> nice <NihabaAshi> Holding 1 contract 15:15 That was a volatility spike that should'uv occurred a few intervals ago :( 15:16 Looks like the data problem worked in my favor when most of the time it doesn't. <yo> :) 15:17 <NihabaAshi> Didn't plan on doing more than 1 contract shorts but I got caught in the declining volatility after returning from doing some personal stuff. 15:18 Had to adapt :) <yvberj> Closed ER in @ 774.5 exit 772.7 15:19 That was a short. <NihabaAshi> The poor Long entry at 775.00 started the problem when I should have gotten Long at 774.50 :( I got my profit goal for the day... 15:23 I'm just going to let it ride and see what happens on this Short. exit stop set ER2 @ 774.30 15:24 Ping monitor has my connection down to 100 ms in comparison to the 30 ms prior to the open. 15:27 Yep...I'm now using a ping plotter to let me know when I will be having poor slippage due to data problems :( 15:28 The slippage has cost me at least 5k in the past 3 months... Figure I can control things if I knew when there was a problem PRIOR to taking a trade position...better for my bottom line. 15:29 <Brutus> Your doing better than the 300ms I get. 15:30 <NihabaAshi> Now I am... A good normal internet connection is 100 - 300 ms... <Brutus> Human reacion time is about 200ms I think <NihabaAshi> Yet, that's not good enough for trading when most of the big boys are doing < 50 ms 15:31 <Brutus> Good swing trade long to tomorrowas 830 news <NihabaAshi> Covered Remainder ER2 Short @ 773.70 --> + 0.7 That was a mental trailing stop exit...needed 773.70 and below to stay above my profit goal for the day. 15:32 Anyways, the neighbor next door has DSL (not cable like me) and the same ping plotter is giving him 30 - 60 ms 15:33 I tested that during the "personal stuff" when I was away from trading. <X> <NihabaAshi> I tested it on one of my trading computers. 15:34 Came back home and reconnected to the cable...back to over 100 ms. Thus, I'm going to be calling up my network friend to switch over my systems from cable to dsl. 15:35 <jperl> sounds more like your cable provider is not giving you max throughput <NihabaAshi> He also recommend dsl for faster ms connections eventhough slower download time for downloading files or webpage loading. I not interested in fast webpage downloads :) 15:36 I'm intersted in low latency when having streaming data. Too bad my cable company has a monopoly because there's no other cable provider competition :( 15:37 I learned something new big time today about file download speed versus latency. 15:38 In that sense...it was a very good day of trading. 15:39 <Brutus> GOOG is having a minor dump <NihabaAshi> I always thought fast file downloading was the key...I was wrong. Its not important if I'm having latency problems where my ms can be different by several hundred points throughout the trading day and then very low at night. 15:41 I don't trade at night so I could care less about low latency at 8pm est :) I have DSL at the condo and will do one day of trading from there just in the morning along with monitoring the ping latency. 15:43 Will do this next week or the following week when I go up there to prepare the place for winter cleaning (ski time). On that note...I survived another day of data problems but with the help of a ping plotter program. 15:47 I'm done trading. * NihabaAshi is now known as NihabaAshi_away <yo> take care ;) <yvberj> That's it for me too. Have a good eve. everyone. 15:48 <yo> yo gn <Brutus> cul8r <Chilly> gn folks 15:49 <RussellDaytrade> so long stickin around for a bit longer great read on the mkt today brut 15:50 <Brutus> Thanks made $900 today, so played very conservatively in the afternoon. 16:00 <RussellDaytrade> how many is your max open positions brut/ capital base, if you don't mind my asking? nice goin! 16:01 <Brutus> I think the 830 news will cause a gap up. they will keep buying to 1615 Today 2 contracts on the first trade posted and 1 contract after tht My account is 50k so i do trade very conservatively 16:02 <RussellDaytrade> grinding it out... good ample capital to position size ratio keeps one sane 16:03 <Brutus> on moday I went to 14 contract to get me out of a bad trade That was very bad trading <RussellDaytrade> easier to think straight and clear, and remain on the offensive <Brutus> and discipline * NihabaAshi_away is now known as NihabaAshi 16:04 <RussellDaytrade> build it up slow and steady, stay sane <Brutus> If I can get my consistency up I will up the contracts Yes to do 3 on every scalp and scale out like apex 16:05 <RussellDaytrade> yeah, this contract moves so fast, i would encourage apex to widen his scales and reduce his contract size.. 16:06 <Brutus> Friday should be good for scalping Milk it all day <RussellDaytrade> likely would capture higher portions of moves, make same, or more, with les risk <yo> gn all 16:07 <RussellDaytrade> off to do other things, so long all. <Brutus> cu * DisconnectedSession Close: Wed Nov 08 16:23:58 2006 16:23 Sponsor:
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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
"The point of this whole exercise is to make money. Everything else is just conversation." --Jonathan Hoenig
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