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| November Trade Log | Trade Strategies | WRB Analysis Tutorials | Music While Trading | Testimonials | Disclaimer |
#FuturesTrades
November 15th Thursday 2007 Trade Log
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Profitable Trade 1519pm - 1526pm est Losing Trade 1431pm - 1443pm est |
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click on image to view actual size |
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Current Performance Record |
Key Trades of the Day (see chat log below) |
Profit/Loss Statement |
General Strategy Info: The above profit/loss info represents trades by M.A. Perry (a.k.a. NihabaAshi) only and all trades were posted in realtime as shown in the below chat log.
Although I'm not familiar with the trade methods used by most members of #FuturesTrades, I use a rule based (no subjectivity) methodology that involves WRB Analysis.
There is some subjectivity involved with some of my trades when I'm developing a new strategy (hence the name TheStrategyLab.com) that uses WRB Analysis.
In fact, many of my trades or profit targets will occur within key WRB support/resistance zones because these price areas gives me a better understanding of key changes in supply demand.
WRB Analysis is also a key aspect in my use of intermarket analysis (ex. Oil and Gold), market seasonal tendencies, volatility analysis and custom Japanese Candlestick patterns to complete my trading plan that results in consistent profits.
Further, position size management is a key aspect of my trading and I trade any where between 1 to 9 contracts per trade depending upon the volatility, pattern signal, seasonal tendencies or intuition.
All of my trades and commentary for today's market action (posted below) are via the user name NihabaAshi (Japanese Candlestick term) and I exclusively trade the Russell 2000 Emini ER2 futures even though I closely monitor other key markets so that I'll have a better understanding of ER2 price action.
With that said, today's trade posting chat log is below and it contains all my trades that were posted in realtime along with the trades of other members of #FuturesTrades.
Further, if you want the instructions for gaining access to our free #FuturesTrades chat room...click here.
#FuturesTrades purpose, benefits and access info for day traders, swing traders and position traders...click here.
Session Start: Thu Nov 15 05:46:20 2007Session Ident: #futurestrades * Now talking in #futurestrades 05:46 <X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm <NihabaAshi> Anybody in here trading the Eurex DAX ??? 05:47 * NihabaAshi is now known as NihabaAshi_away 06:16 <X> #FuturesTrades Info -> Chat room for traders and intermarket analysis of Emini Futures (EMD, 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, XLE, QQQQ, SPY) 06:56 <Nesi> good morning 08:58 * subq market profile charts for today 09:11 http://www.charthub.com/chart/author/DA0 D7987572D7FBE3C7226C93DD52A <werner> gm all 09:24 <pat255> oil losing since 7am.. <NihabaAshi_away> be back in a few minutes 09:25 <NihabaAshi> Shorts ER2 @ 781.20 -> large size 09:35 Covered 2/3 ER2 Short @ 779.30 --> + 1.9 09:38 <pat255> vn N.. 09:39 <ItalianSharp> we have FED member Evans due up in 5mins 09:40 <NihabaAshi> Covered Remainder ER2 Short @ 781.00 --> + 0.2 09:41 Had some problems managing those remainders...got a little lost with the volatility ER2 was showing :( 09:42 Trading Edge: Trading Strategies -> Strategies used by NihabaAshi, from entry to exit, exploit inefficiencies in the price action for profits of the following trading instruments via WRB Analysis and Intermarket Analysis: Emini Index Futures (EMD, 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), COMEX Metals Futures (GC), Forex Currencies (EurUsd, EurYen, UsdCdn), Exchange Traded Funds (DIA, GLD, OIH, IWM, QQQQ, SPY, XLE) and Hang Seng Index Futures (HSI) * bern_away is now known as Bern 09:45 <Bern> Chicago Fed President Evans Speaks 09:46 <NihabaAshi> Shorts ER2 @ 781.20 -> medium size 09:47 I'm not happen with that entry. 09:48 Got short too late into the pullback 09:49 Lost me wiggle room to be able to properly manage the trade Covered 3/4 ER2 Short @ 780.00 --> + 1.2 09:50 <Bern> this looks chop chop 09:52 <szubaark> yeah, whats new <NihabaAshi> Covered Remainder ER2 Short @ 781.00 --> + 0.2 09:53 <szubaark> trick is to know when to stay away <NihabaAshi> same trade management problem on the remainders as the first trade :( <Bern> do you think this price action has to do with Chicago Fed President speech now? 09:54 <Tim_a1> dow bottomed today at 5 day ma - yesterday's high was 10 day ma 09:55 almost exactly <NihabaAshi> Bern...that's a big YES :) It's one of the reasons for my aggressiveness 09:56 <Bern> thanks Niha <Tim_a1> dow has to do it's little dance around the 200 ma 09:58 <jperl> ER2 ASK-BID trades a negative 2700 contracts 10:01 <pat255> ty jper 10:03 <jperl> yw 10:04 Pat, I thought you had that info from Market Delta 10:05 <pat255> no jper i dont follow that at all.. :( <jperl> k <NihabaAshi> Still dropping and I'm not on board...will need to review my live-recordings later this evening concerning those two trades :( 10:06 <szubaark> Buys ES @ 1469.75 «« paper »» 10:09 Exited 1/2 Long ES at 1471.75 --> + 2 «« paper »» 10:10 got heads up from NQ exit stop moved to breakeven ES @ 1469.75 «« paper »» expecting another volatility spike, hopefully to upside, Im Long 10:17 <Bern> Crude Oil Inventories in 6 min 10:24 <szubaark> lets see if Oil report gives us Volatility, hopefully to upside,Im Long 10:29 <Brutus> 1030/1530 Nov 9 US Energy Dept Oil Inventories Crude Oil Stocks (in barrels) -800K Gasoline Stocks (in barrels) -800K Distillate Stocks (in barrels) +100K 1030/1530 Nov 9 US Energy Dept Natural Gas Inventory Natural Gas Stocks (in billion +36 cubic feet) <szubaark> Exited all Long ES at 1469.75 --> 0 «« paper »» 10:33 :(( <Trader222> where is this pop coming from? 10:37 <ItalianSharp> might come from oil inventories and ES willing to close its gap 10:38 <szubaark> that was nasty spike to the downside to get Stops before the Pop <NihabaAshi> Shorts ER2 @ 781.20 -> small size 10:42 2 only Missed the ramp up after 1033am est due to some personal stuff here at home Would like to catch at least a point downwards on a pullback to feel like I got something in reaction to the 1030am est EIA Petroleum Status Report 10:43 <szubaark> Buys ES @ 1474 «« paper »» 10:47 <NihabaAshi> volatility declining 10:50 <szubaark> yes <NihabaAshi> preparing to reverse my position if necessary because there WILL BE a volatility spike here soon. * Bern is now known as Bern_away <NihabaAshi> Hopefully it sends price down and not up. <szubaark> exit stop set ES @ 1473 «« paper »» 10:51 Exited all Long ES at 1474 --> 0 «« paper »» 10:53 lost my patience 10:54 <NihabaAshi> volatility spike 10:55 Covered 1/2 ER2 Short @ 780.00 --> + 1.2 10:56 <szubaark> nice Niha, i bailed in time, you got the right direction <NihabaAshi> szu...I too almost lost my patience...a few more seconds there and I would have tighten up my stop to a +2 tick trailing stop. 10:57 Now I can manage my remainder properly and let the stop do its job instead of me getting involved. 10:58 exit stop lowered ER2 @ 781.00 Will dump my remainder in either direction via the next volatility spike. 10:59 <jperl> tough morning....trades here.... http://charts.dacharts.com/2007-11-15/JP ERL_013.jpg <szubaark> Buys ES @ 1473 «« paper »» 11:00 <NihabaAshi> range too tight for me to be thinking about any position ADDS. <Nesi> nice comeback.. jperl <jperl> well, not one my better days 11:01 net contracts changing hands for ER2 now only a negative 445 That's on 96 thousand contracts traded 11:02 <X> #FuturesTrades Info -> Chat room for traders and intermarket analysis of Emini Futures (EMD, 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, XLE, QQQQ, SPY) <NihabaAshi> Covered Remainder ER2 Short @ 779.70 --> + 1.5 11:03 <szubaark> Exited 1/2 Long ES at 1474.50 --> + 1.5 «« paper »» exit stop moved to breakeven ES @ 1473 «« paper »» 11:04 <sav> long 779.90 er2 <NihabaAshi> got more than I expected out of those 2 contracts... Keeps me from getting to frustrated about missing the 1030am est price action to the EIA Petroleum Status Report 11:05 I've exceeded my profit goal for the day by 80% 11:06 Thus, I'm officially now in "profit protection mode". <sav> exit stop @ 779.90 er2 <NihabaAshi> Thus, one contract only for me for the remainder of the trading day. <jperl> So now you have the situation with 100 thousand ER2 contracts trades and no net contracts changing hands 11:09 amazing <Nesi> Long ER2 @ 780.90 «« paper »» 11:10 <sav> out @780.60 er2 11:12 <NihabaAshi> jperl...how often do you see something like that ??? 11:13 <jperl> not too often <NihabaAshi> ER2 average trade size is up today from 5 yesterday to 9 today. 11:14 <jperl> Usually the ASK-BID value stays either positive or negative <NihabaAshi> Could be a data problem with that 9 because that seems a little odd 11:15 I don't see it jump like that too often from one trading day to the next. <szubaark> Exited all Long ES at 1473 --> 0 «« paper »» 11:19 :( <NihabaAshi> volatility declining... 11:20 hopefully it sets up something that's tradeable 11:21 <Nesi> there are numbers in 40 minutes phily fed numbers <sav> this is like watching paint dry boring 11:26 <szubaark> Buys ES @ 1472 «« paper »» 11:27 exit stop set ES @ 1471 «« paper »» 11:28 <nikopa> think we are sliding again <szubaark> Exited all Long ES at 1471 --> - 1 «« paper »» 11:31 * codehead_afk is now known as codehead <Nesi> Long ER2 @ 777.5 -> Add «« paper »» 11:32 <szubaark> Shorts ES @ 1469.25 «« paper »» <NihabaAshi> #FuturesTrades Purpose -> No gurus, no head traders...you're here to document your own trades and thoughts as you traverse from one trade to the next trade because it provides critical information you cannot get from your broker statements (real money or simulator)...use this room as your trade journal. 11:33 Long ER2 @ 777.70 -> small size 11:37 1 contract only I got Gold support but Oil not helping at all :( 11:39 <pat255> y... <NihabaAshi> I need both to get to a WRB pt1 Trade Posting Script -> The color posted trades you see in here is available for free to any registered member of #FuturesTrades. To become a member of #FuturesTrades...follow the instructions at http://www.thestrategylab.com/FuturesTra desChatRoom and registration is free. Also, as a member you will be able to post messages, upload charts at our discussion forum @ http://www.thestrategylab.com/forum/inde x.php 11:40 <szubaark> expecting another volatility spike soon 11:42 <NihabaAshi> Exited ER2 Long @ 770.00 --> - 7.7 11:43 Reverse and Enter Short ER2 @ 770.00 Lost Gold support on the trade and a tough position reversal...may bail on it. 11:44 <Pepe> 770.00 ?? <NihabaAshi> Yeah...will post a correction :) <Pepe> :) 11:45 <NihabaAshi> corrections to keep my script from going crazy... 11:46 Covered ER2 Short @ 770.00 --> 0 11:47 Shorts ER2 @ 777.70 -> small size ??? Long ER2 @ 777.70 -> small size <pat255> k.... 11:48 <NihabaAshi> Exited ER2 Long @ 777.00 --> - 0.7 Reverse and Enter Short ER2 @ 777.00 ok...got it right now <pat255> :) 11:49 <NihabaAshi> Getting too close to the 12noon key market event to be sitting in a losing trade. 11:50 Covered ER2 Short @ 778.30 --> - 1.3 11:51 7 ticks below my stop but I don't want to miss a trade opportunity here soon while trying to nurse a losing trade. Shorts ER2 @ 770.10 -> small size 11:53 <Tim_a1> event? <szubaark> Volatility picking up, lets see if we get followthru <NihabaAshi> I got Oil and Gold support... 11:54 <szubaark> Covered 1/2 Short ES at 1467.25 --> + 2 «« paper »» exit stop moved to breakeven ES @ 1469.25 «« paper »» * Fleneer2 is now known as Fleneer 11:55 <NihabaAshi> Will hold beyond my profit target because of the support I have in other key markets <szubaark> Covered all Short ES at 1469.25 --> 0 «« paper »» 11:56 <NihabaAshi> correction again...having problems with the infamous 777 number 11:57 <szubaark> Buys ES @ 1468.50 «« paper »» <NihabaAshi> Shorts ER2 @ 777.10 -> small size <Nesi> 2 minutes for numbers 11:58 <Tim_a1> event being oil inventory? <szubaark> exit stop set ES @ 1466.25 «« paper »» <NihabaAshi> Philly FED Survey volatility spike 11:59 It's not going to sucker me in just yet. <szubaark> missed my exit, too fast now hopefully ill get another chance 12:00 Exited 1/2 Long ES at 1470.50 --> + 2 «« paper »» <NihabaAshi> Covered ER2 Short @ 778.00 --> - 0.9 Reverse and Enter Long ER2 @ 778.00 <szubaark> exit stop moved to breakeven ES @ 1468.50 «« paper »» ES possible double bottom, lets see if Buyers show up 12:02 <NihabaAshi> We got the volatility but its shaky :( <szubaark> yup.. no followthru :( <NihabaAshi> starting to look like there's going to be a second price reaction 12:03 Losing support from other key markets 12:05 <szubaark> Impossible to hold onto remainders <NihabaAshi> szu...there's a lot of change over down here in the s/r zone. 12:07 Just got to trade through it or stay on the sidelines <szubaark> yes, thats the chop zone from this morning Exited all Long ES at 1468.50 --> 0 «« paper »» 12:08 :( <Guest35179> Shorts ER2 @ 777.2 <Nesi> oil moving up 12:09 <Guest35179> Covered all ER2 Short @ 777.6 --> - 0.4 12:10 <NihabaAshi> Gold too <Nesi> Long YM @ 13255 «« paper »» <NihabaAshi> They are trying to find their own support area <Guest35179> Long ER2 @ 776.9 12:12 <NihabaAshi> Oil is a pain in the butt today :( 12:13 <Trader222> anyone here trade ES options? 12:14 <Nesi> YM holds well <NihabaAshi> Exited ER2 Long @ 776.30 --> - 1.7 12:15 Reverse and Enter Short ER2 @ 776.30 It's still the support area...a big one about 2 points wide. 12:16 I'm getting hit near the extremes :( <Nesi> YM may help ER..imho 12:17 <pat255> y looks like <Guest35179> Exited all ER2 Long @ 777.2 --> + 0.3 <NihabaAshi> Key markets still trying to find some support 12:18 <Guest35179> Long ER2 @ 775.8 <NihabaAshi> Covered ER2 Short @ 775.20 --> + 1.1 12:19 <Tim_a1> some nasty 5 finute candles 12:20 <Guest35179> Exited all ER2 Long @ 775.1 --> - 0.7 <pat255> vn N <NihabaAshi> WRB pt1...I gotta take it. <Tim_a1> munute <Nesi> now YM following a bit to the ER YM giving a good fight on this levels..imo 12:21 <Guest35179> Long ER2 @ 775.2 12:22 <szubaark> Shorts ES @ 1467.25 «« paper »» 12:24 <Nesi> "feels" to me a big bounce in the making..imo 12:25 <Guest35179> Exited all ER2 Long @ 775.3 --> + 0.1 <szubaark> Covered 1/2 Short ES at 1565.50 --> - 98.25 «« paper »» 12:30 Covered 1/2 Short ES at 1465.50 --> + 1.75 «« paper »» exit stop moved to breakeven ES @ 1467.25 «« paper »» <NihabaAshi> I saw ER2 sliced through/below the support area of back to back hammer lines as a volatility breakout about 3 to 4 mins ago. 12:33 Tough thing to do and it did it easily. <szubaark> this is slow, controlled selling. Covered all Short ES at 1463.75 --> + 3.5 «« paper »» 12:34 <Nesi> gold day low <Tim_a1> szu, look at monday's dow up volume, then compare it with the volume of the 3 days prior that moday covered with price 12:35 <Guest35179> Long ER2 @ 773.6 12:37 <Nesi> DAX sliding down <Guest35179> Exited all ER2 Long @ 774.5 --> + 0.9 12:38 <Nesi> Long YM @ 12233 -> Add «« paper »» <Trader222> no stowe today? <NihabaAshi> Shorts ER2 @ 772.30 -> small size 12:43 <Andy> Long ER2 @ 772.1 «« testing »» 12:44 <Guest35179> Shorts ER2 @ 771.9 12:45 <NihabaAshi> Covered ER2 Short @ 772.00 --> + 0.3 12:46 <Andy> Exited all ER2 Long @ 772.6 --> + 0.5 «« testing »» 12:47 <NihabaAshi> shallow volatility spike <Guest35179> Covered all ER2 Short @ 772.7 --> - 0.8 12:48 <pdays> Long ES @ 1464.5 12:52 Exited all ES Long @ 1465.5 --> + 1 12:53 <NihabaAshi> Shorts ER2 @ 774.30 -> small size 12:59 trying something new again...so far today I'm 0 for 2 on the new approach :( 13:00 <Guest35179> "/setupFT" 13:04 <NihabaAshi> Covered ER2 Short @ 775.20 --> - 0.9 <X> #FuturesTrades Info -> Chat room for traders and intermarket analysis of Emini Futures (EMD, 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, XLE, QQQQ, SPY) 13:08 <sav> long er2 7754 13:12 <NihabaAshi> Long ER2 @ 775.70 13:13 So far since the lows there has been immediate follow thru to the upside after each volatility spike...price action after my entry seems to be keeping that tradition :( 13:15 <sav> out @ 7753 <NihabaAshi> Exited ER2 Long @ 774.50 --> - 1.2 13:18 Reverse and Enter Short ER2 @ 774.50 * stowe long ym 13212 13:21 <NihabaAshi> Covered ER2 Short @ 774.00 --> + 0.5 I'm documenting that as a "lucky exit" due to the choppy price action "within" contracting volatility. 13:22 * stowe adds to long ym 13217 <Trader222> hiya stowe 13:23 * stowe adds to long ym 13218 <stowe> gm 222 <Trader222> you live on west coast? <stowe> yes sf <Trader222> used to live in Southern CA: know/love SF: there for a bit earlier this year; great city 13:24 <stowe> yes...still beautiful, but the vagrants and other alternative livestyle types have taken it over in certain areas 13:25 * stowe adds to long ym 13216 13:26 <sav> long er2 7750 13:27 <Nesi> BUSH on tv <stowe> thanks for the warning nes <sav> took 1/3 out @ 7755 move stop to 7750 13:28 <NihabaAshi> volatility breakout...so far they've been fading it a little since the intraday lows 13:29 Shorts ER2 @ 776.00 -> small size 13:31 Gold in contrast with my position in ER2 :( 13:33 <sav> move stop er2 on remaining to 7755 <NihabaAshi> Covered ER2 Short @ 776.90 --> - 0.9 13:34 Reverse and Enter Long ER2 @ 776.90 <sav> out er2 remaining 2/3rds at 7770 <Guest35179> so far Bush not moving mkt too much-he's talking about airline routes being expanded 13:35 * stowe sells all ym 13251 +39,+39,+34,+34,+33,+33,+35,+35 from 13212 to 13218 longs 13:37 <Trader222> nice stowe 13:38 those from today or yesterday yet <stowe> all today <NihabaAshi> Long ER2 @ 776.20 -> small size <stowe> started 10:21pst * stowe short ym 13241 13:39 <NihabaAshi> Prior volatility spike retraced. 13:40 <Trader222> walking away; cya near 3 for close <Brutus> good trade Stowe, enjoyed the discussion yesterday,very informative, read the log after <stowe> ty and yer welcome * stowe short ym 13241 13:41 adds to short ym 13237 13:42 <NihabaAshi> retracement again of the same prior volatility spike 13:43 * stowe adds to short ym 13241 13:44 adds to short ym 13238 adds to short ym 13234 13:45 <NihabaAshi> It can't be said that ER2 lacked volatility today...its got plenty of it :) 13:46 <sav> Long er2 7764 13:48 <NihabaAshi> Reminder -> #FuturesTrades chat room trade posting archived logs are posted @ http://www.thestrategylab.com/RecentTrad es.htm (today's log will be updated tonight by 9pm est) * stowe adds to short ym 13245 <sav> took 1/3 @ 7769 move stop to 7764 13:49 all out short er2 @ 7753 13:53 <stowe> ym 13177 seems like a good target <Brutus> Stowe do you keep a similar stop for all trades? would this short have a tight stop above the prior high? 13:55 <stowe> i generally stomach 100 ym points against my ave. on each trade sometimes i bail at -80 or so 13:56 but the target is just the next most reasonable goal <NihabaAshi> volatility spike downwards 13:57 <stowe> most trades are actually executed at the next level targets <sav> took 1/3 @7748 move stop to 7753 <Brutus> ok thx <stowe> example i actually think ym could hit 13144 today i'd like longs at 144 13:58 but it's always how a "feel" at the moment 13:59 so stuff changes <NihabaAshi> Exited 1/2 ER2 Long @ 773.90 --> - 2.3 14:00 Exited Remainder ER2 Long @ 773.90 --> - 2.3 14:01 <Brutus> So soon as you see price action weakness you start to average in, and as long at that scenario holds you keep adding, stating the obvious I guess <sav> all out 2/3 rds er2 7733 <NihabaAshi> That's actually a -3 on that other contract. <jperl> done for today....trades here... 14:03 <NihabaAshi> Long ER2 @ 773.40 -> small size <jperl> http://charts.dacharts.com/2007-11-15/JP ERL_014.jpg <stowe> well...this always sounds funny when i try to explain this, but i'm constantly having a conversation with myself on how i'm interpreting the market...most people do this and let their frustrations interupt the conversation...once you filter that out and adhere to simple principles, your experience in "seeing" market price action will dominate your "personal conversation" that you have with yourself 14:04 <NihabaAshi> trading the same new setup again 1 for 5 today on that setup so far <Tim_a1> ym 144 being the bottom of the 11/09 ym gap, stowe? 14:05 <Andy> continue, stowe, what are those principles? <stowe> most people can express their feelings, but it takes practice to listen to the constructive ones <cmr> Stowe, what timeframe do you use to spot your targets? (If I can ask) 14:06 <sav> Yes Stowe alot of good traders say its important to listen to your feelings whilst trading in order to become more intuitive 14:07 <stowe> your mind constantly puts out the best decisions along with noise that contains second guessing and frustrated drivel...it's possible to filter out that unwanted drivel and focus on the constructive thoughts <Brutus> Never used large targets like you do stove. I trade of the 6s, 1m 5m and hourly 14:09 6s gets the good entries for scalps etc 14:10 <NihabaAshi> I got support on the Long but so far...not paying off within the contracting volatility <stowe> but i've found that releying on outside influences to make those decisions unless they're real indicators such as "the philly fed announces such and such number" etc... is a waste of time because their language is not the same language as what your mind is used to <Andy> Long ER2 @ 733.0 «« paper »» 14:12 <NihabaAshi> Only investors follow the actual economic numbers...traders follow the price action :) <stowe> wrong <NihabaAshi> Actually, economists follow the numbers :) <Brutus> wyckoff spring on the ym 14:13 <Andy> Exited 1/2 ER2 Long @ 773.70 --> + 40.7 «« paper »» <stowe> fading these announcements is a great trade many times <Andy> oops, wrong number, meant 733.70 <NihabaAshi> stowe...most do that in here already without having to interpret the specific economic number... 14:14 Just trade the price action (good or bad). <stowe> i couldn't care less what the number is <NihabaAshi> Need to be an economist to understand the numbers. <Andy> Exited Remainder ER2 Long @ 773.20 --> + 40.2 «« paper »» <stowe> it's when they ramp or tank into the number that creates what i look for <sav> short er2 7722 <NihabaAshi> Only one trader in here has an academic background in Economics and he's a lurker :) 14:15 <sav> stopped out 7732 :( <NihabaAshi> Like I said...traders trade the price action of an economic report... <sav> wow that didnt take long <NihabaAshi> Investors try to understand the specific numbers. 14:16 Two different types of market participants. ER2 keeps getting sucked back into that 1.70 quicksand range :( 14:17 <Nesi> IF we bounce...probably its going to be a a great bounce..imho 14:18 <NihabaAshi> It's going to need some help to get that bounce. So far...other ke markets unwilling to help. <codehead> crude surge 14:19 <Nesi> to me it "looks" like yesterday..but the other way around <codehead> nearing the close on crude, big spike up <NihabaAshi> :( 14:20 Exited ER2 Long @ 773.50 --> + 0.1 <Nesi> its happening "so far" 14:21 IF DOW goes near -15 or so.. "probably" it may go up like crazy today..IMHO 14:22 <NihabaAshi> will try again Long ER2 @ 774.30 -> small size 14:24 Exited ER2 Long @ 775.50 --> + 1.2 14:28 Reached profit target and got 2 ticks more than the trading plan 14:29 Long ER2 @ 775.60 -> small size 14:31 <Nesi> big push 14:32 <sav> long er2 7759 <Nesi> DAX "may" follow US market bouncing a bit now <NihabaAshi> Eventually there will be follow-through on these volatility spikes in the interval that follows... Until then...keep doing what you do best. 14:33 If its not good...stay on the sidelines and study the markets. Anybody trading the Eurex DAX right now ??? 14:34 <Nesi> not me, but reading it 14:35 <werner> no <NihabaAshi> Nesi, who's your data provider for the DAX ??? <Nesi> same, open e cry <NihabaAshi> Ahhh...ok. <Nesi> yup 14:36 <sav> stopped out 7749 14:37 <NihabaAshi> Long ER2 @ 773.90 -> small size 14:38 same volatility spike ADD out of contracting volatility as the prior big loss 14:39 <szubaark> where is your Stop on this? <NihabaAshi> szu...my stop answers never change :) 14:40 Always the same :) 4 point emergency hard stop <szubaark> i know u have 4 Max :) <NihabaAshi> Mental stop for exiting or reversing decisions being tested right now (2 points). 14:41 <szubaark> volatility spike to the downside :( <sav> i really thought it was going up :( <NihabaAshi> Only thing differrent this time is that the volatility spike enter a s/r zone. 14:42 Prior ones went below the zones <szubaark> Shorts ES @ 1461 «« paper »» <NihabaAshi> Exited ER2 Long @ 772.20 --> - 1.7 14:43 Reverse and Enter Short ER2 @ 772.20 <szubaark> Covered 1/2 Short ES at 1459.75 --> + 1.25 «« paper »» <NihabaAshi> Math is incorrect (its a bigger loss)... Will post info after I close this Short <szubaark> exit stop moved to breakeven ES @ 1461 «« paper »» 14:44 * stowe covers some ym 13177 to 13174 +64,+67,+64,+67,+60,+63,+64 from 13241 to 13237 shorts <Nesi> very nice, Stowe <stowe> tanks nes <szubaark> Lets see if that Volatility spike has more "juice" [14:41] <sav> i really thought it was going up :( 14:45 <NihabaAshi> its got some help to go lower....ER2 not taking advantage so far to go lower <szubaark> Markets doesnt care what anybody thinks <NihabaAshi> :) <szubaark> we got a nice WRB now, hopefully it doesnt get retraced "much" <Tim_a1> i looks kike yo9ur 144 may be coming stowe 14:46 very bad typos there <NihabaAshi> Covered all ER2 Short @ 771.90 --> + 0.3 <Tim_a1> 'looks like your 144 may be coing stowe <stowe> yeAh mAbe aT leasT i hOpE so tIM 14:47 <NihabaAshi> needed to dump that to catch up on some notes <stowe> ofcOURse i cOUld B Rong 14:48 <szubaark> i need this to move in next 5 minutes or im out. <Trader222> dang it; was gone the wrong 18minutes I see :( <Tim_a1> my irc monitor is to my left, in periferal vision 14:49 <stowe> you're good at that 222 <Trader222> 2days in row from now on: I shall charge you all whenever I leave <stowe> get a urnal <Trader222> nope :) wasn't a pee break today; hadda deal with something outside <stowe> yard work? 14:50 <szubaark> 222 u take Visa or Mastercard? <stowe> plumbing? <pirate> hi, am new to room, just to give brief intro - am a YM trader, mainly scalps ju <Trader222> roofer <stowe> tar? <Trader222> skylight install <NihabaAshi> That incorrect prior trade I was talking about that showed only a -1.70 should have "also" showed a -3.4 14:51 <Tim_a1> 178 was 11/12 ym high <NihabaAshi> I'm still above my profit goal for the day but can't take a big hit again on these volatility trades. <Andy> that's okay, NihabaAshi, I made 80 points on a practice trade today when the market only moved .4 14:52 <Brutus> 11/15/2007 14:51 *DJ Fed's Hoenig: Says U.S. Economic Outlook Uncertain <NihabaAshi> lol Well...I don't have a method for SCALPING and I'm trying to develop one... 14:53 <szubaark> Covered all Short ES at 1457.25 --> + 3.75 «« paper »» <NihabaAshi> It's painful so far these past few months as the plan gets develop and other days its peachy. 14:54 :) <pirate> looking to short YM at 13178, under 20 ema on 1 min chart <NihabaAshi> Long ER2 @ 770.80 -> small size 14:55 Exited ER2 Long @ 770.40 --> - 0.4 14:57 Reverse and Enter Short ER2 @ 770.40 breakdown below the Dark Hammer line <Tim_a1> 145 stowe, close enough 14:58 but newst time, we prefer that you are not a point off <Andy> Long ER2 @ 769.8 «« paper »» <Tim_a1> lol <stowe> lol 14:59 <Nesi> i have low at 144 gone now <Brutus> 10 year at 4.16 <Tim_a1> 144 <NihabaAshi> volatility spike again...looking to exit <Andy> Exited Remainder ER2 Long @ 768.8 --> - 1 «« paper »» <NihabaAshi> Covered all ER2 Short @ 768.60 --> + 1.8 15:00 <werner> nice niha * stowe covers remaining ym 13144 to 13139 +97,+102,+97,+99,+99,+92,+95, +101,+106,+104 from 13234 to 13245 shorts <Tim_a1> wtg <NihabaAshi> WRB exit...second that worked until the target was reached. Could start a win streak here that leads into the close :) 15:01 <Brutus> excellent trade st <Trader222> nice trading * stowe long ym 13145 ty tim and brut <stowe> and 222 * stowe adds to long ym 13153 15:02 adds to long ym 13147 adds to long ym 13151 15:03 <Guest35179> Long ER2 @ 769.4 * stowe adds to long ym 13153 <NihabaAshi> Support from Oil and Gold Volatility contracting in ER2 15:04 * stowe adds to long ym 13156 <Guest35179> Exited all ER2 Long @ 770.3 --> + 0.9 <NihabaAshi> Long ER2 @ 769.90 -> small size * stowe adds to long ym 13146 15:05 <yayaa> G'day everyone * stowe adds to long ym 13151 adds to long ym 13139 15:06 <Guest35179> Long ER2 @ 768.6 <NihabaAshi> Exited ER2 Long @ 769.00 --> - 0.9 15:07 Reverse and Enter Short ER2 @ 769.00 <Guest35179> Covered ER2 Short @ 768.5 --> + 0.1 * stowe
