#FuturesTrades November 14th Tuesday 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 +5.70 +0.0000 $570.00 $0.00
Russell 2000 Emini ER2 Volatility
I left a lot of money on the table today due to illness (stomach problems) that's the direct result of lack of sleep since Friday night.
Anyways, I traded very cautiously and called it quits around 2:30pm est as soon as things got worst with my stomach problems.
I would later find out after the market close that ER2, other Emini Futures, Eurex and Euronext rally very strongly.
At least I have a good excuse about why I wasn't able to capture some of that rally in comparison to those that were trading and didn't open any Long positions or worst...try shorting it.
With that said, if your trading ER2 or any of the Emini Futures...learning as much as you can about Volatility Analysis will help your overall trading results.
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: Tue Nov 14 09:23:26 2006Session Ident: #futurestrades * Now #FuturesTrades purpose and benefits...click here. 09:23 <X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm <john99> trading the gap play Brut. I'm going to wait, and look for a setup. 09:26 <PapaJon> gm all 09:27 * codehead_afk is now known as codehead 09:28 <RussellDaytrade> if this becomes a rally into the morning, i think it has the potential of going up 15-20 on both the NASComp and NAS 100. <john99> I agree RD, we are close to breakout pt 09:29 <jperl> ER2 VWAP numbers: 09:30 <RussellDaytrade> i base that upon 2 things, close to breakout, as j99 just noted, and if so, the possibility of a measured move manifesting. <jperl> yesterday: 774.19 1 week:770.10 1 month: 767.54 09:31 1 year: 727.58 path of least resistance is UP <NihabaAshi> Long ER2 @ 777.00 -> small size 09:32 <szubaark> Buys NQ @ 1777.75 «« paper »» <NihabaAshi> 3 contracts only <pat255> gm all 09:34 <NihabaAshi> Exited all ER2 Long @ 777.20 --> + 0.2 Got shook out and I'm still bullish :( 09:35 <john99> I see volume above SMH strong open ym resis is 12220 09:36 <NihabaAshi> Shorts ER2 @ 777.00 -> small size 2 contracts only <john99> I try to wait until after 9:45 before trading 09:37 1389= ES gap fill # <NihabaAshi> Covered 1/2 ER2 Short @ 776.00 --> + 1 09:38 <john99> nice NH <pdays> Shorts YM @ 12187 09:39 <NihabaAshi> Covered Remainder ER2 Short @ 775.70 --> + 1.3 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> Covered all YM Short @ 12177 --> + 10 <john99> nice pd I see vol down here <pdays> tnx, fast 1 <NihabaAshi> Glad I don't have a bad habit of using my bias to determine my trades. Instead, I use my bias for position size management to help manage my risk exposure while moving from Long to Short or vice versa. 09:40 <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> Shorts ER2 @ 774.90 -> small size 09:41 1 contract only <john99> almost at gap fill 09:42 <szubaark> NQ gap filled :( 09:43 <john99> lets see if we get a 9:46 spike reversal 09:44 <NihabaAshi> Shorts ER2 @ 775.50 -> Add <jperl> ER2 yesterdays VWAP=774.19 09:45 <john99> that was a 61% retrace on es from high to yesterday close, I heard hedge funds buy this pattern there is the spike reversal <NihabaAshi> Covered 1/2 ER2 Short @ 774.40 --> + 1.1 Covered Remainder ER2 Short @ 774.90 --> 0 09:46 Trade management error on that remainder contract :( Shorts ER2 @ 774.30 -> small size 09:47 1 contract only <john99> er2 more bearish this morning smh and es gap fill volume down here 09:48 <jperl> ER2 took the bounce off yesterdays VWAP 09:49 <NihabaAshi> Covered ER2 Short @ 775.00 --> - 0.7 09:50 Volatility declining...hopefully the 10am est report puts more volatility back into ER2 09:51 <szubaark> NQ overnight support holding <john99> er2 macd about to turn up 09:52 on 1min <szubaark> 8:30 ECON reports all were retraced <john99> yep I like to see more consolidation up top at the open for a gap down fill, this fill was too fast for me to trade 09:53 <NihabaAshi> Shorts ER2 @ 774.40 -> small size 2 contracts only <john99> that looked like an automated short trade between all indices 09:54 <ItalianSharp> niha, what report is coming out at 10am? <jperl> Attempt #2 to break yesterdays VWAP 774.19 <NihabaAshi> Weak report called the Business Inventories or something like that. 09:55 <Brutus> 1400/1900 Oct FOMC Minutes 1200/1700 St. Louis Fed Pres Poole speaks on monetary policy <john99> tick bearish this morning <NihabaAshi> Covered 1/2 ER2 Short @ 774.00 --> + 0.4 Covered Remainder ER2 Short @ 774.10 --> + 0.3 09:56 <john99> er2 showing more support compared to ym smh showing support <NihabaAshi> Shorts ER2 @ 773.50 -> small size 09:57 1 contract only <szubaark> Exited all Long NQ at 1772.50 --> - 5.25 «« paper »» :( Shorts NQ @ 1772.75 «« paper »» crap.. bouncing up here 09:59 <john99> bbuying next dip <NihabaAshi> Covered ER2 Short @ 774.30 --> - 0.8 10:00 Reverse and Enter Long ER2 @ 774.30 3 contract Long Exited 2/3 ER2 Long @ 775.00 --> + 0.7 10:01 <john99> 774.3 is good entry for long 10:02 <NihabaAshi> Exited Remainder ER2 Long @ 774.50 --> + 0.2 10:03 Volatility has gone back to declining... Taking a break because I don't think things will improve (volatility) from this point on until after 1:30pm est. 10:04 If it does pick up again...I'll be missing it because I'm going to got eat brunch. 10:05 * NihabaAshi is now known as NihabaAshi_brunch <john99> block trade on IWM there should be a move in next 3min 10:06 there it is Long ER2 @ 774.2 10:08 <Brutus> ER should go up until 1100 to 1130 as a safe bet 10:10 <john99> looking for 775 at least <Brutus> But look for DB or low -1 pnt lower closer to 1030 10:11 <john99> u could be right a 10:15 low is likely <jperl> ER2 VWAP=775.31 <Brutus> 4 points would be good target from low <john99> I see res at my buy pt doesn't look good 10:13 <szubaark> nope <pat255> later guys @office...ty all 10:14 <john99> vol down here there is a 10:15 low 10:15 <Brutus> Shouldnt go much lower start averageing longnear lows 10:16 <john99> not yet only 1 contract <Brutus> Long ER2 @ 772.2 «« paper »» 10:17 <john99> I removed my stop thinking we would get a bottom around now we need to break 773.2 for upside potential vol down here I try not adding to losers 10:18 nq looks like it's leading 10:20 smh new lows should have traded with the Moving avg. 10:21 going to wait for 10:40 10:22 <szubaark> whats at 10:40? <john99> good time for upside potential should have listened to myseld when I noticed block trade down 10:23 nq new low * NihabaAshi_brunch is now known as NihabaAshi 10:24 <john99> I think we should get a spike up er2 relatively strongest index 10:25 <NihabaAshi> ER2 has a big time S/R ZONE between 772.30 - 771.00 <john99> ur right <NihabaAshi> Could develop into a tough area of trading if volatility drops. <john99> ym at -161% retrace, good pt to buy 10:26 may add in next 3min 10:30 amex tick almost to -100, I see reversal happen frequently when -100 is hit 10:31 <szubaark> Covered all Short NQ at 1766.50 --> + 6.25 «« paper »» <Brutus> Stop at lows, should go up now <john99> NQ tick is weak, need to break 250 10:32 I think that was fake out low :) <szubaark> "think"? heheh 10:33 <RussellDaytrade> setup up 4,3 in 42 minutes from low <john99> what setup is that? weak vol, us longs need more green <RussellDaytrade> staistical setup <john99> is it a long or short setup? 10:34 <jperl> ER2 range today 6.6 so far.... yesterdays range 8.1 <RussellDaytrade> if the whole move doesn't work, alomost always (75-80%) good for at elast 1.5 to 2 bucks <john99> 5min till 10:40 10:35 773.2 penetrated looking to add on next dip nq to broke 250 10:36 nq broke 250 tick near MA resis ym should retrace to 12140 at least looking to buy 2 min bar drop 10:37 vol still not very strong Long ER2 @ 773.1 10:40 add <Brutus> Exited ER2 Long @ 773.2 --> + 1 «« paper »» Long is still good imo 10:41 <john99> stop 772.3 10:43 <Brutus> Daughter is crying, feel sick myself, bad day for trading :( <john99> I see trendline resis. needs to break 773.5 stopped out on 1 card 10:44 watch it reverse now <Brutus> ES pullback was severe, we still should go up for 1/2 hour to 11am, stop at lows <NihabaAshi> ER2 has some week support at 772.00 10:45 week = weak 10:46 <RussellDaytrade> if breaks low with gusto,previous target will reset from lower price, and time will also reset <szubaark> Buys NQ @ 1769 «« paper »» 10:47 <john99> Long ER2 @ 772.8 10:48 here we go again <Brutus> Upside target lowered to 774.5 <RussellDaytrade> should begin to race up in here, ie, noraml behavior 10:50 <Brutus> I would draw a trendline up from that last pivot at 10.47 if it breaks it exit imo <john99> looking for 774.7 <jperl> ER2 at VWAP 774 10:51 <szubaark> exit stop set NQ @ 1769 «« paper »» 3 tick Stop it goes or im OUT 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) <john99> Exited 1/2 ER2 Long @ 774 --> + 1.2 10:53 <szubaark> Exited all Long NQ at 1770.50 --> + 1.5 «« paper »» 10:54 <john99> Long ER2 @ 773.6 <jperl> ER2 took a bounce off VWAP <szubaark> I screwed up my First trade by not moving Stop to breakeven after 1.5 in my favor.. luckily i ended up Plus in my last 2 trades.. most likely im done for day 10:55 <john99> Exited 1/2 ER2 Long @ 773.9 --> + 0.3 10:56 <jperl> ER2 pausing at VWAP 10:58 <john99> holding 1 for my 774.7 target 10:59 <RussellDaytrade> a burst up here is not unexpected typically, anyhow, always full of surprises. 11:00 <jperl> buyers scratching at the VWAP door with bleading nails 11:01 <Brutus> Lokk for a short entry in next 15 mins, the sidways/down channel and accelerated drop into lunch <john99> The upside looks good to me still <RussellDaytrade> we below vwap's now jp? 11:02 <Brutus> the = then, just a lets see prediction <jperl> below toadys and yesterdays yes <john99> Long ER2 @ 772.7 <RussellDaytrade> humm, got extended above then, and then got reeled back into, and below them. you tracking the normal bounds they get to above /below before they get reeled back? 11:04 <jperl> yes ER2 has bounced off todays VWAP several times <john99> Exited 1/2 ER2 Long @ 773 --> + 0.3 11:05 <RussellDaytrade> seems like that would provide some good statistical info to fade. <jperl> yes <john99> stop 772.2 this will move in next 2min 11:06 <RussellDaytrade> i am preferencing selling into spikes, looking for spikes, (up) 11:09 <john99> Exited all ER2 Long @ 773.5 --> + 0.8 774.3 is breakout pt for upside,,just happens to be my first trade of the day 11:11 <RussellDaytrade> if it does not clear the high of 774.2 on this climb, the setup is suspect and likely has seen the most it will manifest up <john99> ym and es are flat lining that's why I trade ER2,,,yikes I'm flat, waiting for ssetup 11:13 <Brutus> You guys should look at posts by my2cents on ET 11:15 http://www.elitetrader.com/vb/showthread .php?s=&postid=1264931#post1264931 <yvberj> Looks like I missed a nice ride dn. Been involved with something else & haven't been concentrating on trading past couple of days. Good luck to all. <john99> I see a trend line above er2 extended from yesterday at 3:50 breakout, buying pullback 11:19 should go to 774.7 Long ER2 @ 773.9 «« Scalp »» 11:21 <Brutus> Shorts ER2 @ 774.0 «« paper »» 11:24 Just a paper trade to hold ito lunch <john99> thanks for fading me... :) 11:25 <Brutus> Stop at 775.0 <john99> target 774.7 put in a tight stop when turned positive 11:28 <RussellDaytrade> time expiration just occured on setup target of 775.5. those two strong pushes up would noramlly see it to its target, today, they are exhibitting less drive up, although i will not ethat from 771.5 to 774.5 achieved approx 65-70 % of the overall setup. looks like it may make a late push up. <john99> Exited all ER2 Long @ 774.1 --> + 0.2 «« Scalp »» here comes my 774.7 probably cut it 2min 2 early 11:29 ym hit 12140 11:30 <RussellDaytrade> thx for the link to post on et brut, good info. <Brutus> Amazing stuff isnt it. The smart moey works together no point working against each other. 11:33 <john99> vol up here 11:34 <RussellDaytrade> i am going to study his work, and see if i can glean some useful info to integrate. <Brutus> PM me if you crack anything :) 11:35 <RussellDaytrade> you too! 11:37 i think i see 772.5, or so 11:38 <Brutus> Take it RD 11:40 <RussellDaytrade> Shorts ER2 @ 773.8 «« paper »» 11:41 <john99> http://www.mypivots.com/DailyNotes/pivot points.htm that's a good website, there are other links for fibs and stats 11:42 http://www.mypivots.com/DailyNotes/daily notes.aspx http://www.mypivots.com/DailyNotes/fibon acci.htm 772.2 is S1 for the fib levels on this website, 773.2 is mid pt 11:43 774.1 is R1 11:44 long boring trendline underneath er2 since 10:30 low 11:45 12pm reversal,,,it'll happen 774.7 hit,,,muhaha 11:46 to bad I'm out of the trade 11:47 vol up here, ym down and er2 up,,,?? <RussellDaytrade> its a tortured type rise, sometime these will finish with a rapid spike up. scaling short $2 intervals, or, may cover if takes quick dip. 11:49 <john99> I'm looking for a tick extreme around 11:56 11:50 <RussellDaytrade> Covered all ER2 Short @ 774.3 --> - 0.5 «« paper »» 11:51 <john99> I see reversal on nq when we start getting block trades on smh near its highs 11:53 <Brutus> 2 pm FOMC mins can cause this. But stop is at 775.0 <john99> we had block trades at 11:46 on smh FOMC is tommorow brut....?? 11:54 Today is tuesday.. 11:55 http://www.mypivots.com/economic-events. htm <Brutus> 1400/1900 Oct FOMC Minutes Today * Looking up john99 user info... <john99> all the websites say wed 11:56 <jperl> FOMC minutes is on a wednesday <john99> missed my short at 1156 11:58 may try again <Brutus> Yes Checked current economic calendar on Dow Jones and it is Wednesday now, they had a typo. 11:59 My2Cents had 12:00 as a pivot time 12:00 Not clear up or down ???? <john99> its always a pivot 12:01 :) <jperl> ER2 VWAP 773.98 ER2 price action just above it <john99> looking for short 12:02 dub top smh <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) 12:04 <john99> 11:15 dip, or trend line break, we get a small extreme at this time during the day 12:15 amex new tick highs, smh new highs 12:19 <Brutus> Covered ER2 Short @ 774.6 --> - 0.6 «« paper »» <john99> 11:56 and 12:15 have been tricky time pts, also 9:46 and 2:56-3:06 12:21 we haven't really gone anywhere since 11am 12:23 I'm guessing a bearish afternoon. even thou we are near support levels amex tick breakout new highs, I normally buy when NQ tick comes down for a long setup 12:26 maybe a 1pm high 12:28 no vol on anything 12:29 msft near LOD, it went straight down today 12:30 we got a trend line extending from last thursday underneath er2 12:32 I think we'll go to 771 on er2 sometime today 12:33 that is 4 day time frame 38% fib 12:34 wwe've got a NR7 on er2 12:37 <Brutus> Yes agree. I think new lows on the ES after 1300. Danger is it maybe only a tick or two so look at breakout volume. m2c So ES 2 point lower on break of LOD or if its a fake reversal 5 points up. 12:39 <john99> volume coming in 12:40 <NihabaAshi> Long ER2 @ 775.10 -> small size <john99> my amex setup would have worked 12:41 <NihabaAshi> I"m too early on that trade...still within the low volatility zone... Needed to wait until after 1:30pm est. Exited 1/2 ER2 Long @ 775.30 --> + 0.2 12:45 Exited Remainder ER2 Long @ 775.60 --> + 0.5 12:46 <john99> here is the amex setup I saw oct 30, amex tick made new high and then er2 followed 12:47 http://www.putfile.com/pic.php?img=39911 16 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. <RussellDaytrade> Shorts ER2 @ 776 «« paper »» 12:48 Shorts ER2 @ 776 «« paper »» <john99> u just shorted tick low <RussellDaytrade> mistakenly entered it twice 12:49 Covered 1/3 ER2 Short @ 776 --> 0 «« paper »» <john99> msft turning up, smh new highs, no vol on smh, could keep going 12:50 possible dub top on amex tick not buying this,,,this is the 1pm high I was thinking of 12:51 1388 es res. 12:53 <RussellDaytrade> little more vwap push?? another .5 or so up? 12:56 Shorts ER2 @ 776.98 -> Add «« paper »» <john99> near open price <Brutus> Shorts ER2 @ 776.9 «« paper »» 12:57 <john99> here comes vol on smh, maybe top 12:58 <RussellDaytrade> Covered 1/2 ER2 Short @ 776.4 --> + 0.58 «« paper »» Shorts ER2 @ 776.7 -> Add «« paper »» 13:03 Covered 1/3 ER2 Short @ 776.7 --> 0 «« paper »» <john99> smh strong up trend looking for spike 13:05 home builders just spiked, 13:08 holely moley, HD BBY lowes,,big spike on some news 13:10 <Brutus> Home Depot (HD) fell today after the company reported quarterly earnings that fell from last year and were below the consensus forecast. The home improvement retailer also lowered their full-year guidance due to the slowdown in the housing market. Wal-Mart (WMT) opened higher after reporting an +11% jump in third-quarter financials 13:11 <X> 13:13 <john99> when HD and WMT come down to 38% fib I may look long for a bounce 13:14 currently at 23% amex tick showed breakout, and VIX turned for upside before breakout on indices 13:16 <Brutus> Covered ER2 Short @ 776.5 --> + 0.4 «« paper »» 13:17 <john99> Shorts ER2 @ 776.6 «« Scalp »» crap 13:18 vol <RussellDaytrade> Shorts ER2 @ 777.6 -> Add «« paper »» 13:21 <john99> well we got a 23% bounce, that's what I was afraid of on my short scalp wmt and hd testing highs, amex tick lower than prev high 13:22 new amex tick high 13:24 bid/ask getting choppy 13:25 <RussellDaytrade> Covered all ER2 Short @ 776.8 --> 0 «« paper »» 13:26 <john99> waiting 13:27 Shorts ER2 @ 776.6 «« Scalp »» 13:28 gulp I mean 776.8 <RussellDaytrade> Shorts ER2 @ 777.3 «« paper »» 13:29 <john99> smh coming down 13:31 <RussellDaytrade> ole man time is standing still 13:35 <john99> I dont like it not good for short 13:37 retrace, comon 13:38 stopped out of 1 13:47 Covered 1/2 ER2 Short @ 777.6 --> - 1 «« Scalp »» 13:48 I'm leaving in 30min 13:49 Shorts ER2 @ 777.2 «« Scalp »» needs to come down 13:50 <RussellDaytrade> Covered all ER2 Short @ 777 --> + 0.3 «« paper »» <john99> just what I thought 13:51 <RussellDaytrade> may accelerate into/towards target 774 in approx 40 minutes, wore me out. <john99> should come down 13:55 <jperl> I'm done for the day trades here 13:56 http://charts.dacharts.com/2006-11-14/JP ERL_011.png 13:57 <john99> Covered 1/2 ER2 Short @ 776.4 --> + 0.8 «« Scalp »» 13:59 that was 776.3 actually 2more min Covered all ER2 Short @ 776.3 --> + 0.9 «« Scalp »» 14:02 it seems like my stops are always gunned down. back to positive for the day 14:03 good thing I covered 14:04 wmt and hd flatlining 14:05 lots of volume on these stocks <RussellDaytrade> played that well john. 14:08 <john99> yikes, no kidding guess we're not seeing 771, didn't expect a pop in homebuilders 14:09 ym just broke 61% downside retrace <RussellDaytrade> Shorts ER2 @ 778.3 «« paper »» likely early, willscale in on this one <john99> we should come down to at least r1, which is 777.6 14:10 <RussellDaytrade> or take .5 profits 14:11 <john99> I hate when they do political news during the mid-day, it makes the markets choppy and unpredicatble 12180 is res on ym 14:12 one of these days I'm going to hold on to one of those 10:30 lows 14:13 wmt hd doing nothing this is a buy setup 778.2 14:14 wait 3min 14:15
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. <NihabaAshi> john99...can you explain how some stocks you mention are influencing your trade decisions in the futures ? <john99> Well, homebuilders are the stocks which moved the markets up around 1pm we got a breakout, look at HD and WMT 14:16 <pdays2> g <john99> the market lagged, amex tick showed the breakout though <pdays2> Shorts ER2 @ 778.2 «« testing »» 14:17 <john99> 2 bar drop buy setup doesn't seem to be working. <pdays2> Shorts ER2 @ 778.2 14:18 <john99> smh is just like how OIH and XLE use to be good leading indicator for the market <RussellDaytrade> Covered all ER2 Short @ 777.8 --> + 0.5 «« paper »» <jperl> For those interested.... 14:20 here is an annotated chart with the trades I took today.... http://charts.dacharts.com/2006-11-14/JP ERL_013.png <szubaark> ok jperl.. thanks <RussellDaytrade> thx jp. 14:21 <jperl> yw.... you will note the shorts were taken below VWAP.... longs taken above VWAP <pdays2> Covered all ER2 Short @ 777.6 --> + 0.6 14:22 <jperl> hmmm last trade on execution list was cut off on posting.... 14:24 here is the correct list.... http://charts.dacharts.com/2006-11-14/JP ERL_014.png 14:25 <X> <RussellDaytrade> Shorts ER2 @ 777.5 «« paper »» 14:26 <NihabaAshi> Long ER2 @ 777.80 -> small size 14:27 1 contract only and most likely last trade of the day. 14:28 <john99> u know, the trend has been up since 10:30 this morning,,, <RussellDaytrade> it's a countertrend trade, with a bad entry to boot! 14:30 <NihabaAshi> Exited ER2 Long @ 778.00 --> + 0.2 I'm done for the day...been feeling a little sick all afternoon and just don't have the mental energy to trade this afternoon. <john99> I'm a countertrend trader,,,I think I need to switch to a trend trader though, in the long run of the day it seems to pay off 14:31 <NihabaAshi> Take care all and see all tomorrow. * NihabaAshi is now known as NihabaAshi_away <RussellDaytrade> see you. take care. <john99> Later, I'm leaving too,,, <RussellDaytrade> Shorts ER2 @ 779.1 -> Add «« paper »» 14:38 Shorts ER2 @ 780.2 -> Add «« paper »» 14:39 looks like a few shorts covering, (understatement) 14:45 <Brutus> Shorts ER2 @ 782.6 «« paper »» 14:48 Covered ER2 Short @ 781.6 --> + 1 «« paper »» 14:51 <GoodMood> congrat Brutus ! 14:52 <Brutus> Turn at 1500 ? 14:56 Shorts ER2 @ 783.5 «« paper »» 15:01 Covered ER2 Short @ 784.3 --> - 0.8 «« paper »» 15:03 <RussellDaytrade> i think we need a good trend trader on board for moments like this. 15:04 <Brutus> Yes SPX and NAZ at multi year hihgs 15:05 <RussellDaytrade> was only about 5 points early on that one. 779 or less sure is looking lik e a long ways away. <Brutus> Russell year high is 784.6, it touched 781 15:09 <RussellDaytrade> year high on er? 784.6? that sounds about right, earlier this past spring. 15:10 <Brutus> Naz making new highs yesterday was the clue 15:11 <jperl> I have Russel year high at 794.30 <Brutus> Index no ER2 <RussellDaytrade> the futures contract is the hgih i was refering to. <jperl> May 5 2006 <RussellDaytrade> in actuality, this is good for someone looking to get short at high prices, may not be the exact highs, but sure closer to it. 15:12 <Brutus> I guess the 1300 line would have kept us on the right side. :) 15:13 <RussellDaytrade> may be soem follow-on effect tomorrow after the evening media make a fuss about it, etc. 15:14 brut, does 1300 refer to 1:00 pm ET? 15:15 <Brutus> yes Yes we need a trend trader 15:16 <RussellDaytrade> i think lots of shorts not only covered, they went long as well. 15:17 <Brutus> S&P 14000 here we come <RussellDaytrade> wonder if they'll save 785 for tomorrow? 15:18 <Brutus> I doubt it, I think buying will kick in towards the close into 1615 15:19 meant - continue to 1615 15:20 I am not counter trend trading the afternoons 15:22 Paper trading is my outlet <RussellDaytrade> think i'll do the same, mornings only. 15:23 i think we're due for some geopolitical reaction in the markets any day now. 15:24 <Brutus> Californian Earthquake ???? Alqeda nuke? 15:25 War with Iran? Bird Flu? <RussellDaytrade> in my mind, if that ever happens, it may come on the heels of terrifically wet weather there, kinda soften the soils first. 15:26 fallout from Iraq. <Brutus> Short now the end is neigh!!! :) <RussellDaytrade> a run to new highs may be just the thing before market may reverse. 15:27 <Brutus> I think Amercans are feeling much better about Iraq and the Dems win now, Am I correct? 15:28 <RussellDaytrade> temporary, i think. feeling better know may not equate to actual improving conditions. may get worse, in fact. over there, i mean. could spread into region. i htink it'll make the short side a better trade, if when it begins to dawn on traders, etc. 15:30 <jperl> where are you located RD? 15:31 <Brutus> Yes, I hope it improves for everyone. TUES. 11-14 1:10pm Dow -10 The mighty "BALL" had a great morning with a weak call and is now calling for STRONG Market action this afternoon. <RussellDaytrade> for now, those that are seeing it are getting taken behind the woodshed. media on gloat parade. 15:32 <Brutus> When my friend said he was going to invest in the Dow that was the indication that this market is going much higher 15:33 <RussellDaytrade> fort collins colorado how about you jp? <jperl> rochester,NY <Brutus> There is a lot of overseas liquidty enerting the US I think. All from the housing bubbles 15:34 <X> 15:37 <RussellDaytrade> brut, your friend must have some buying power, and he must have started buying early! 15:38 well, on a measured move basis, it may run another couple from here. darn nears parabolic now. 15:42 <Brutus> RD it only went up 4 more points :) 15:59 <RussellDaytrade> amazing. i think this is the move i first mentioned this am, happened at the end instead of the beginning. 16:00 i gotta begin to use more than ome strategy, too much pain before the gain, way lopsided on the 'fairness to myself' scale. 16:03 <Brutus> Cul8r 16:13 <RussellDaytrade> i'm looking forward to 779 and below. so long brut today was a day to jump on the trend, see all later. 16:14 <X> 16:46 * DisconnectedSession Close: Tue Nov 14 19:21:31 2006 19:21 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.
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
Copyright © 2002-2006. The Strategy Lab. All rights reserved.