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#FuturesTrades November 27th 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 for the trading day.

 

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ER2 EuroFX EC
+22.30 +0.0000
$2,230.00 $0.00

Reaction to U.S. Dollar and Euro Dollar Recent Performance  

Profit/Loss Blotter

I came out very aggressive this morning because I felt that the volatility wouldn't last too long.

However, I got a nice surprise to rising volatility that allowed me to keep trading with some size.

With that said, I have a rule of dumb that I must know and understand the causes of the price action prior to any trades.

I hesitated on a Short entry right out of the gate because I didn't know where the extra volatility was coming from and I later discover it was most likely due to Friday's plunge in the U.S. Dollar and its relationship to the Euro Dollar...which was still talk of the town along with anticipation of tomorrow's Bernanke speech and the surprise sales decline at Wal Mart. 

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 27 09:27:30 2006Session Ident: #futurestrades
* Now  #FuturesTrades purpose and benefits...click here. 09:27
<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<pat255> gm all...09:28

guess red opening but dippers waiting ...
<PapaJon> gm all09:29
<NihabaAshi>  Shorts ER2 @ 789.80 -> large size 09:32

Covered all ER2 Short @ 790.20 --> - 0.4 09:33

Shorts ER2 @ 789.30 -> large size 09:34

Shorts ER2 @ 788.90 -> Add

Covered 2/3 ER2 Short @ 788.70 --> + 0.6 09:36
   
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   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 @ 1816 «« paper »» 09:39
<NihabaAshi>  Shorts ER2 @ 789.30 -> Add
<szubaark>  exit stop set NQ @ 1816 «« paper »» 09:43
<NihabaAshi>  Covered ER2 Short @ 790.20 --> - 1.3 and -0.9

Reverse and Enter Long ER2 @ 790.20

added a few contracts to that trade reversal...volatility slowly increasing...not sure for how long.09:44
<Brutus> GOOG under 500 at 9;32
<szubaark>  Exited all Long NQ at 1816 --> 0 «« paper »»

:((

came back for my Stop09:45
<NihabaAshi>  Long ER2 @ 789.30 -> Add 09:46
Exited ER2 Long @ 788.90 --> -1.3 and -0.40 09:49
Reverse and Enter Short ER2 @ 788.90
<szubaark>  Shorts NQ @ 1813.75 «« paper »»
<szubaark>  exit stop set NQ @ 1813.75 «« paper »»
<pat255> vn reverse niha ...
<szubaark>  Covered all Short NQ at 1810.25 --> + 3.5 «« paper »» 09:54

bailing out on WRB and Fridays Low
<NihabaAshi>  Covered 2/3 ER2 Short @ 786.40 --> + 2.5 09:56
<szubaark> Nice Niha.
<NihabaAshi> It got me out of a red hole and I've now reached my profit goal for the day at current price levels.09:57
<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)
<szubaark> I noticed your first Short was LARGE SIZE? any reason? You like to start out SMALL SIZE first trade.
<NihabaAshi> Depends on the month and the time in the month.

Early November I was small size in the first group of trades and gradually build up my position size by the afternoon.09:58

It's now the latter part of November and I'm large size in the mornings and gradually decrease my size by the afternoon trading session.

Covered ER2 Short @ 785.80 --> + 3.1 09:59

Holding 2 contracts
<RussellDaytrade>  Long ER2 @ 785. «« paper »» 10:00
<NihabaAshi>  Covered ER2 Short @ 784.80 --> + 4.1

Holding 1 contract
<Brutus>  Covered ER2 Short @ 784.2 --> + 11.5 «« paper »»
Long ER2 @ 784.2 «« paper »»
<RussellDaytrade>  Long ER2 @ 784.3 -> Add «« paper »»

Long ER2 @ 783.4 -> Add «« paper »» 10:02
<NihabaAshi>  Covered Remainder ER2 Short @ 783.00 --> + 5.9 10:03
<ItalianSharp> you had a decent day so far niha...you could have done better though...lol10:04
<NihabaAshi> Italian...agree...I had a position size error on the reversal from a Short into a Long.10:05
<pat255> wtg niha ...

this reverse thing is the only way to play ometimes...
<NihabaAshi> The Long should have been much smaller in size and when I took a -1.00 and -0.40 hit on it...that hurt.10:06
<Brutus>  Exited ER2 Long @ 783.4 --> - 0.8 «« paper »» 10:10
<NihabaAshi>  Shorts ER2 @ 782.50 -> small size 10:12
1 contract only
<les>  Shorts ER2 @ 782.1
<NihabaAshi>  Covered ER2 Short @ 781.40 --> + 1.1 10:13
<les>  Covered 1/2 ER2 Short @ 781.6 --> + 0.5
<NihabaAshi> There's some extra volatility this morning...easy to push some size.10:14
However, I don't know where the volatility is coming from especailly when this is normally a low volatility trading day.10:15
News???
<ItalianSharp> no news that i know of niha...perhaps markets preparing for bernanke's speeches?
<PapaJon> could be... they (talking heads) are all really hyping the great retail sales on black friday10:16
<szubaark> i dont have any news releases AT THIS TIME. Probobly selloff on Propriety Info only available to the big houses
<PapaJon> and predicting today to be huge for online sales
<les> weak dollar is also possibility
<NihabaAshi> Ahh...the dollar.10:17
It was big news on Friday and still big talk over the weekend.
<les> not sure where oits trading now...

its

but maybe expecting some bounce today
<NihabaAshi> That going into Bernanke speak tomorrow could have spooked many this morning.
<les> if that didnt happen...

who knows :)10:18
<NihabaAshi> No big movement in the U.S. Dollar Index nor EurUsd this morning.10:19
<les>  Covered Remainder ER2 Short @ 781 --> + 1.1
<NihabaAshi> Volatility is low for them which more often than not allows for increasing volatility in the Eminis.
<szubaark> Niha u havent mentioned Oil in a while, not watching it right now? (as relating to emini Volatility analysis)10:21
<NihabaAshi> I only watch Oil when its the talk of the town or its a Wednesday.
My bias is now changed from BEARISH to NEUTRAL.10:23
Volatility now increasing in U.S. Dollar, EuroFX and EurUsd...while volatility is declining in the Eminis.10:25
  
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<Brutus>  Long ER2 @ 779.6 «« paper »» 10:26
<NihabaAshi>  Long ER2 @ 779.80 -> small size
1 contract only
Exited ER2 Long @ 780.40 --> + 0.6 10:28
<pat255> nice grab quick on L side
<NihabaAshi> Thanks to the volatility info from U.S. Dollar and Euro.10:29
<les>  Long ER2 @ 780.5 10:30
<wizardofrijnsaterwou> out 1/2 l ym 00-0710:32
sorry
<Brutus>  Exited 1/3 ER2 Long @ 780.7 --> + 1.1 «« paper »»
<NihabaAshi> News source saids the market is "over-reacting" to the dollar's weakness against the euro...many traders expecting the market to stall for the remainder of the year.10:37
<RussellDaytrade> about time for a launch up10:38
* szubaark is now known as szubaark_away10:40
<yvberj> Looking for a little bottoming here. With an 11+ pt. drop we need some bounce.10:41
<pat255> dippers burned ...odubt they will come back...10:42
<Brutus>  Exited ER2 Long @ 779.6 --> 0 «« paper »» 10:43
<les>  Exited Remainder ER2 Long @ 781.1 --> + 0.6 10:57
i would like to have stayed in this one
but havta go to a meeting
7825 or better woulda beena nice exit
782.510:58
thats it for today
cya all tomorrow
<pat255> later les ..
<X>  #FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, QQQQ, SPY)11:06
<NihabaAshi> Rising volatility in the past 10mins.11:14
<pat255> this is ugly today ...11:19
<NihabaAshi> I'm going to lunch.11:51
<pat255> later niha
<NihabaAshi> Will be back later after 1:30pm est to see if the volatility returns to the Eminis.
* NihabaAshi is now known as NihabaAshi_away
<pat255>  back to office ty all..12:06
<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)12:18
<RussellDaytrade> feels like there being held here for a good long time to take in lots of shares athtis level. this was the level it broke out of a week and a half or more ago.12:19
<Brutus> Are you rubbing that rabbits foot RD? :)12:29
<RussellDaytrade> amazing how little lift there is today12:35

overdue i think.;
<Brutus> Momma said there'd be days like this :(12:37
The market delta, sell on the ES is huge today, -115 00013:03
<pdays>  Long ER2 @ 774.9

Exited all ER2 Long @ 775.2 --> + 0.3 13:05

Shorts ER2 @ 775.9 -> small size 13:13

Covered all ER2 Short @ 775.2 --> + 0.7 13:18
<Brutus> Volatility Index S&P 500-VIX up 1.47 to 12.19, S&P 500 down 1.21%
<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)13:27
* NihabaAshi_away is now known as NihabaAshi13:33
<NihabaAshi>  Long ER2 @ 775.60 -> small size 13:43

1 contract only...position size error...wanted 3 contracts :(13:44

Just lost the volatility.13:46

Looking for an exit.13:47

Exited Remainder ER2 Long @ 776.40 --> + 0.8
<szubaark_away> RussellDaytrade what is your max pain Stop level on this losing Long position that you keep averaging in into?14:11
<RussellDaytrade>  Long ER2 @ 774.9 -> Add «« paper »» 14:15

Long ER2 @ 775 -> Add «« paper »»

Long ER2 @ 775.1 -> Add «« paper »»

.la 775.214:16
<codehead> QM hod14:28
<RussellDaytrade>  Long ER2 @ 775.2 -> Add «« paper »»

Long ER2 @ 775.9 -> Add «« paper »» 14:30

Long ER2 @ 776 -> Add «« paper »»

Long ER2 @ 776.1 -> Add «« paper »» 14:32
  
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<NihabaAshi>  Long ER2 @ 775.10 -> small size 14:52

1 contract only

Exited ER2 Long @ 774.30 --> - 0.8 14:55

Reverse and Enter Short ER2 @ 774.30
<yvberj> Sht ER 774.714:56
<NihabaAshi>  Covered 2/3 ER2 Short @ 773.50 --> + 0.8 14:58

Holding 1 contract...done trading for the day when I close this position.
<yvberj> Covered ER 773.515:00
<NihabaAshi> Volatility is declining...expecting a volatility spike here soon...15:13

Hopefully downwards.

Tighten up my trialing stop.15:14

Geesh...this thing is contracted...looks like it can pop anytime.15:19

Covered Remainder ER2 Short @ 773.80 --> + 0.5 15:20

My trailing stop got pick pocketed.

:(

I'm done for the day.
<yvberj> That's it for the day folks. See you all tomorrow.15:50
<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)15:51
<NihabaAshi> RussellDAytrade...would you normally had closed that position at a loss prior to the market closing or would you hold it overnight into the next trading day???16:14
<RussellDaytrade> Niha, i noramlly would have closed it long ago, at aprox 300 loss.16:25

thats 300 on 1 contract, i am not at the point where i am trading more then 1, unless i have an order input error.16:26
<NihabaAshi> If your normally trading 1 contract...why do a multiple contract simulator trade ?
<RussellDaytrade> 300 is the max loss, i usually close them before they get that far.16:27
<NihabaAshi> Ahh...ok.
<RussellDaytrade> i think its good to try trading with various strategies, obviously, days like today are test the mettle of most traders.16:28

best to try it paper trading. you use paper trading for trying out strategies other then your noraml style?16:29
<NihabaAshi> Yes...once in awhile I'll test something completely new of my own design or something designed by someone else...16:30
Situations like that I simulate trade.
<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)17:03
* DisconnectedSession Close: Mon Nov 27 17:08:55 200617:08
  

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In addition, below are the trading instruments our chat room members monitor closely to make trade decisions:  

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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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