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#FuturesTrades November 20th 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.

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ER2 EuroFX EC

+26.60 +0.0000

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Trading Perspective

Profit/Loss Blotter

Good trading day even though I missed a short signal @ 2:06pm est because I was out doing personal stuff.

Also, I had mentioned in an earlier log that pattern signals themselves are key s/r zones.

Take a look at the price action area around 12:24pm est that was also a pattern signal (short) from our trading manual and compare it to the pattern signal (short) @ 2:06pm est from our trading reports.

That 12:24pm est pattern signal entered the support/resistance zone of the 12:24pm est pattern signal.

I consider this to be one of the most easiest type of Support/Resistance level analysis and one of the most effective for traders that uses s/r levels or pivot point analysis as a key component of their trading.

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)
intradaystrategies@yahoo.com
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 Nov 20 09:29:02 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

<Brutus> 1000/1500 Oct Conference Board Leading Econ

<NihabaAshi> Shorts ER2 @ 789.50 -> large size 09:30

Something (don't know what) had got the market spooked a little. 09:32

I missed my entry around 790.30

<jperl> ER2 at Friday's VWAP 788.98

<NihabaAshi> Yet, I still think there's more follow through downwards...willing to take the risk and did a late entry (chasing). 09:33

Shorts ER2 @ 791.40 -> Add 09:38

Covered 1/2 ER2 Short @ 789.60 --> + 1.8 09:40

I may just get my profit target area of 788.00 if this can pick up some volatility. 09:41

<pat255> gm all

<NihabaAshi> Doesn't look like it because the volatility is starting to decline. 09:42

<jperl> pausing at Friday's VWAP 788.98 09:43

<NihabaAshi> Covered ER2 Short @ 788.00 --> + 1.5 09:46

Holding a few contracts.

Covered Remainder ER2 Short @ 789.10 --> + 0.4 09:47

<ItalianSharp> well done niha...i am impressed by how tough you have been holding on to the losing position when ER2 was going up to close the opening gap...you must have been very conifident in this short

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<NihabaAshi> I felt it it went against me...it couldn't reach the 793.00 price area (my wide stop). 09:48

Now that the volatility is declining...I can't exploit those types of trades with size. 09:50

Remainder of the day I'm back down to 1-3 trades unless some crazy volatility appears. 09:51

<pat255> S 789

<NihabaAshi> papajon...what's the IRC command to send someone a message that's not in the room? 09:54

Yet, they are on IRC in another room

As long as this doesn't test the 793.00...I'm still bearish. 10:00

<szubaark> Volatility increasing out of the blue again :) 10:01

<PapaJon> Niha... top of the window click - Commands>>>Query User 10:04

sorry for the delayed response.. i was away for a moment

<NihabaAshi> Thanks Papa. 10:10

<PapaJon> yw

<Brutus> Shorts ER2 @ 793.1 «« paper »» 10:19

<NihabaAshi> ER2 at the 793 price area...

My bias is now neutral.

<pat255> nihahis pt u will lok for L side? @ t 10:21

sorry @office laptop.. 10:22

<NihabaAshi> Either a pattern signal to tell me to go long or a intuition trade after it made a new intraday low.

<pat255> kty niha

<Brutus> Covered ER2 Short @ 792.6 --> + 0.5 «« paper »» 10:24

Shorts ER2 @ 793.7 «« paper »» 10:32

<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)

<Brutus> Covered ER2 Short @ 793.2 --> + 0.5 «« paper »»

Shorts ER2 @ 793.7 «« paper »» 10:35

<RussellDaytrade> Shorts ER2 @ 793.7 «« paper »» 10:37

<Brutus> Shorts ER2 @ 794.2 -> Add «« paper »» 10:38

<RussellDaytrade> Shorts ER2 @ 794.7 -> Add «« paper »» 10:40

<Brutus> Covered ER2 Short @ 794.4 --> - 0.9 «« paper »»

YM still negative and no new highs 10:42

<RussellDaytrade> Covered all ER2 Short @ 793.8 --> + 0.8 «« paper »» 10:43

<NihabaAshi> Shorts ER2 @ 793.60 -> small size 10:46

Covered ER2 Short @ 794.10 --> - 0.5 10:49

Reverse and Enter Long ER2 @ 794.10

There's a lot of resistance up here in ER2. 10:50

Not sure it there will be enough volatility will show up to punch it upwards to the 795.00 price area.

<Brutus> Shorts ER2 @ 794.2 «« paper »» 10:51

<NihabaAshi> Meant 795.50 and not 795.00

Volatility still declining...setting up for a volatility spike... 10:53

Hopefully in the direction of my trade.

<szubaark> Shorts NQ @ 1810.25 «« paper »» 10:54

first trade of day, had many distractions this morning. 10:55

<NihabaAshi> Geeesh...volatility still declining. 10:58

<Brutus> Covered ER2 Short @ 794.9 --> - 0.7 «« paper »»

<NihabaAshi> Volatility spike.

<szubaark> Covered all Short NQ at 1812 --> - 1.75 «« paper »»

<RussellDaytrade> Shorts ER2 @ 795.9 «« paper »» 11:00

<szubaark> Shorts NQ @ 1810.50 «« paper »» 11:01

lets try Short again

<NihabaAshi> :(

Exited ER2 Long @ 794.20 --> + 0.1

trailing stop picked off.

<pat255> niha 795 area R...looks like 11:02

<szubaark> developing into creeper, slowly controlled upmove?

<pat255> :(

<RussellDaytrade> Covered all ER2 Short @ 794.1 --> + 1.8 «« paper »» 11:05

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<szubaark> shallow pullbacks.. cant get my 2+ points :(( 11:08

need a quick down spike here 11:11

<NihabaAshi> Long ER2 @ 793.90 -> small size 11:12

I'm about to find out if this is going to develop into a creeper uptrend or not. 11:13

If it is...it should retrace the Dark WRB that was produced in the drop a few minutes ago. 11:14

It retraced but I'm still Long :( 11:15

<szubaark> Covered all Short NQ at 1808.75 --> + 1.75 «« paper »» 11:16

taking too long.. and i got too many distractions at home. Cant concentrate 110% on every tick. 11:17

* szubaark is now known as szubaark_away

<NihabaAshi> Exited 1/2 ER2 Long @ 794.40 --> + 0.5 11:18

:9 11:20

:(

Exited Remainder ER2 Long @ 794.00 --> + 0.1

Be back later...not getting anywhere in this declining volatility. 11:21

Besides...usually when I call it quits for awhile...that's when the volatility returns and I miss another big move.

Going to an early lunch.

* NihabaAshi is now known as NihabaAshi_away

<Brutus> YM New highs ES DT at 1408, Afternoon selloff? 11:38

Timeframe is multiday highs 11:39

<codehead> QM making a nice push to try to fill the gap down

mkt may be starting to notice 11:40

ER weakening 11:41

<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)

<Brutus> I am bearish for the week expect market to be lower by wednesday. 11:45

This DT will suck in the shorts before the market moves higher, multi day TF 11:47

<RussellDaytrade> the markets usually rally going into a major holiday, ie, 4th july, thanksgiving, xmas, etc, and, to setup that rally, they usually decline a day or two prior tot he last market day prior to the holiday, and then rally the last day before the holiday. so, i think you'll be right in general, market down this week, and by wednesday, morning, but up by wednesday close. 11:53

volume now down to a trickle, expectr it may increase on a price giveback in here, though my crysatl ball is not present right now. 12:03

<Brutus> Yeah RD if the afternoon has a selloff, then I expect follow through tomorrow. Wednesday's action ??? 12:04

<RussellDaytrade> pre-holiday rally is typical, i think it's a feel-good thing. 12:06

<codehead> also, the big boys leave early for holidays

leaving more retailers

friday after thanksgiving stocks usually steady up 12:07

<Brutus> Yes Fridays Half day should be up on low volume. 12:10

<RussellDaytrade> Shorts ER2 @ 794.5 «« paper »» 12:18

Covered all ER2 Short @ 794.1 --> + 0.4 «« paper »» 12:22

<pdays> Long YM @ 12364 12:33

<Brutus> Long ER2 @ 792.3 «« paper »» 12:40

<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) 12:53

<pdays> Exited all YM Long @ 12366 --> + 2

<Brutus> Who reads market internals? What do you see? 12:58

<jperl> TotalMarket is above VWAP 12:59

<Brutus> Exited ER2 Long @ 793.3 --> + 1 «« paper »»

Shorts ER2 @ 793.9 «« paper »» 13:00

Covered ER2 Short @ 793.9 --> 0 «« paper »»

Shorts ER2 @ 792.9 «« paper »» 13:01

* NihabaAshi_away is now known as NihabaAshi

<Brutus> Looks like an afternoon selloff developing 13:16

Es should pass or get to LOD 13:17

<RussellDaytrade> anyhtings in particular you are basing that on?

<Brutus> no 13:18

1300 line for a start

<RussellDaytrade> fair enough, that works for me!

retest of morning BO levels, near 790, is possible. 13:19

<Brutus> Needs to break lunch lows 13:20

<jperl> ER2 at VWAP 792.61

If you are in a long trade here....stay with it 13:21

If you are in a short trade....bail out

<pat255> ty jp

<jperl> If you are not in a trade yet.....go back to bed

<RussellDaytrade> needs a vwap invert, to flip the dynamic from vwap suport to vwap resistance, that could provide downside impetus to 790ish, if happens.

<pat255> lol i like that

<Brutus> Covered ER2 Short @ 793.6 --> - 0.7 «« paper »» 13:29

Shorts ER2 @ 793.1 «« paper »» 13:32

Covered ER2 Short @ 793.1 --> 0 «« paper »» 13:43

<X> #FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, QQQQ, SPY) 14:02

<RussellDaytrade> Shorts ER2 @ 794.1 «« paper »» 14:03

<Brutus> Nice call JP, looks like that 792.61 help up.

<jperl> yes 14:04

<Brutus> help = held

<RussellDaytrade> Covered all ER2 Short @ 793.7 --> + 0.4 «« paper »» 14:05

i would conclude that just qualified as a vwap invert 14:24

<NihabaAshi> Nice price drop...I'm just sitting here taking notes.

<RussellDaytrade> Long ER2 @ 790.1 «« paper »» 14:32

<NihabaAshi> Take care all...got an appointment to go to.

* NihabaAshi is now known as NihabaAshi_away

<RussellDaytrade> Exited all ER2 Long @ 789.5 --> - 0.6 «« paper »» 14:35

Long ER2 @ 789.2 «« paper »» 14:36

Exited all ER2 Long @ 789.8 --> + 0.6 «« paper »» 14:38

likely zip up to 91.5 now 14:39

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<Brutus> 14:04 EST *DJ Fed's Fisher: Does Not Address US Econ, Policy In 14:41

I guess someone was disappointed

<RussellDaytrade> they give one day, and take back the next 14:44

the fed governors, that is.

Long ER2 @ 789.6 «« paper »» 14:46

Exited all ER2 Long @ 790.4 --> + 0.8 «« paper »» 14:50

<Brutus> ES should have another leg down to new lows 14:52

<RussellDaytrade> model setup target, up, is 792.6, in approx 15-20 more minutes 14:59

it would be good if that target is not achieved, may indicate underlying weakness. 15:07

<X> #FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, QQQQ, SPY) 15:14

<RussellDaytrade> if it was gonna atack that 792.5 target, this is about the right time for it 15:18

10-12 minutes late, and within a tick or so, close enough. 15:39

Shorts ER2 @ 792.3 «« paper »» 15:45

Covered all ER2 Short @ 7925 --> - 7132.7 «« paper »» 15:49

Covered all ER2 Short @ 792.5 --> - 0.2 «« paper »»

<Brutus> Cul8tr 16:12

<WannaBeBOS> VIX at the lowest close since 1994 16:17

<yo> gn all

<RussellDaytrade> thats a low vix. 16:20

<WannaBeBOS> yes indeedy 16:21

<RussellDaytrade> don't worry, be happy! 16:22

<WannaBeBOS> im not worried

<RussellDaytrade> i am going to compare the 1994 market to current, see if it may provide some clues, thx for mentioning vix. 16:23

see you all later.

<X> #FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, QQQQ, SPY) 16:26

<Awash> . 17:13

* DisconnectedSession Close: Mon Nov 20 17:26:12 2006 17:26

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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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TheStrategyLab.com

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