#FuturesTrades November 30th Thursday 2006 Trade Log
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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 +0.00 +0.0000 $0.00 $0.00 Trading Perspective
No trades today due to personal reasons and I've finish the month of November meeting all my trading goals for the month.
Will be back on December 4th Monday.
However, everybody else was trading and you can see their trades and discussions in the below log.
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.comNote: 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: Thu Nov 30 04:30:07 2006Session Ident: #futurestrades * Now 04:30 <X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm #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) 05:39 * NihabaAshi is now known as NihabaAshi_away 06:22 <wizardofrijnsaterwou> gm all 08:30 <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) 09:09 <yo> gm all 09:15 <jperl> here are ER2 VWAP numbers: 09:24 yesterday: 783.53 1 week: 781.22 1 month: 778.23 09:25 1 year: 732.79 look for market to pause if we touch any of these <pat255> gm all 09:27 ty jp <jperl> yw 09:28 <PapaJon> gm all 09:29 boy... sluggish start 09:34 <szubaark> Shorts NQ @ 1793.75 «« paper »» 09:42 Covered all Short NQ at 1791.75 --> + 2 «« paper »» 09:45 Buys NQ @ 1798 «« paper »» 09:51 Trading Edge: 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) * codehead_afk is now known as codehead 09:53 * codehead is now known as codeheadgm * codeheadgm is now known as codehead 09:54 <szubaark> Exited all Long NQ at 1796.75 --> - 1.25 «« paper »» 09:57 Shorts NQ @ 1796.25 «« paper »» Covered all Short NQ at 1793.75 --> + 2.5 «« paper »» 10:01 <RussellDaytrade> Covered all ER2 Short @ 784.2 --> + 1011.55 «« paper »» Covered all NQ Short @ 171792.5 --> - 169996.75 «« paper »» Covered all NQ Short @ 1792.50 --> + 3.25 «« paper »» 10:02 Shorts NQ @ 1796 «« paper »» Covered all NQ Short @ 1792.5 --> + 3.5 «« paper »» Shorts ER2 @ 786 «« paper »» 10:03 Shorts ER2 @ 788 -> Add «« paper »» Covered 1/2 ER2 Short @ 784 --> + 4 «« paper »» short 1 er 10:04 <yvberj> Shrt ER 785.7 covereed 783.1 10:05 <RussellDaytrade> Covered all ER2 Short @ 783.7 --> + 2.3 «« paper »» Covered all ER2 Short @ 783.7 --> + 2.3 «« paper »» 10:06 Long ER2 @ 782.3 «« paper »» 10:09 if that low holds, target up 4.50 in 36 minutes 10:10 nq up 7.50, and es up 5.1 equivalents 10:11 Exited all ER2 Long @ 781.9 --> - 0.4 «« paper »» 10:14 Long ER2 @ 782.3 «« paper »» 10:16 same targets Exited all ER2 Long @ 782.1 --> - 0.2 «« paper »» 10:19 school taxi time <X> #FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, QQQQ, SPY) 10:21 <szubaark> Shorts NQ @ 1786 «« paper »» 10:22 Covered all Short NQ at 1786.25 --> - 0.25 «« paper »» 10:24 Buys NQ @ 1786 «« paper »» 10:25 Exited all Long NQ at 1784 --> - 2 «« paper »» 10:26 Shorts NQ @ 1783.75 «« paper »» Covered all Short NQ at 1788 --> - 4.25 «« paper »» 10:31 Buys NQ @ 1786.75 «« paper »» 10:37 <yvberj> Shrt ER 781.4 stopped out 782.2 10:39 <RussellDaytrade> all indexes just now reached their respective targets up from the lowest lows, in approx 10-15 minutes early, (as one can imagine on a day like this morning). don't know whrere they go from here but near full up targets were just reached. i personally have more conviction to the short side, but also prefer to enter them on sharp spikes up, whenever that may be. 10:49 <ItalianSharp> Russell, I agree. I am looking for a short setup around the 786 level for ER2 10:51 <RussellDaytrade> while i have stronger conviction to the short side, i am somewhat expecting more upside. 785-786 is whree it made a definitive breakdown from, may reach that level and find some resistance. 10:53 <szubaark> Exited all Long NQ at 1791 --> + 4.25 «« paper »» <RussellDaytrade> Shorts ER2 @ 785.3 «« paper »» 10:54 may be early, will let it run around and see what happens. <szubaark> Shorts NQ @ 1792.75 «« paper »» 10:55 Covered all Short NQ at 1796 --> - 3.25 «« paper »» Buys NQ @ 1796 «« paper »» slow, controlled grind to the upside 11:00 yersturday they slowly sold it off at lunch <RussellDaytrade> Covered all ER2 Short @ 784.6 --> + 0.7 «« paper »» 11:06 Shorts ER2 @ 785 «« paper »» 11:07 possible down setup, targets to 782.5, 1790, 1397.5, in another 15-20 11:13 these retests often represent secondary entries. 11:14 Covered all ER2 Short @ 784 --> + 1 «« paper »» 11:19 <szubaark> Exited all Long NQ at 1788.25 --> - 7.75 «« paper »» 11:21 * szubaark is now known as szubaark_away <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) 11:33 <codehead> long YM 12188 <paper> 11:40 <jperl> ER2 just bouncing around VWAP 783.98 <codehead> stop 12179 <jperl> here are this mornings trades.... 11:43 http://charts.dacharts.com/2006-11-30/JP ERL_016.png I'm in a long right now, but will exit it if 15 min bar closes below VWAP which it did..... 11:44 have a good morning <RussellDaytrade> good trading jp 11:45 <jperl> tx <RussellDaytrade> it feels like/looks like price may head towards 786.5 area. 11:47 <jperl> we've been there already and then backed off 11:48 <RussellDaytrade> anyone else got soem insight? i may be way off on that, i think that ther trend is now down , bifg picutre. <pdays> which trend ?....what time frame? 11:50 <RussellDaytrade> i think the market has/is turning the corner from rally to correction, so that on a larger term timeframe, weeks-to-months, prices may be in a generally declining trend. 11:52 possible downtrendline break near here, if happens may provide a little juice to upside for a couple bucks. perhaps that is what i was sensing a few minutes ago. 11:55 <pdays> on daily looks like all have caught up and turning..imho 11:56 Shorts YM @ 12190 11:58 Covered YM Short @ 12191 --> - 1 12:06 Reverse and Enter Long YM @ 12191 <codehead> exit half YM +9 <paper> 12:10 <pdays> Exited all YM Long @ 12197 --> + 6 <codehead> raise stop on remainder 12189 <paper> raise stop on remainder 12193 <paper> 12:13 exit remainder YM +10 <paper> 12:17 been taking real trades today, jsut that i'm too nervous to post when i take em 7 for 7, just 5 tick avg tho 12:18 <RussellDaytrade> Shorts ER2 @ 784.8 «« paper »» <codehead> russell green 12:29 <RussellDaytrade> Shorts ER2 @ 787.1 -> Add «« paper »» 12:31 Covered 1/2 ER2 Short @ 786.3 --> + 0.8 «« paper »» 12:40 er down target of 783.5 area in approx 63 from high 12:44 <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) 12:45 <RussellDaytrade> Shorts ER2 @ 787.7 -> Add «« paper »» 12:52 Covered 1/2 ER2 Short @ 787 --> + 0.7 «« paper »» 12:55 oops, that was short add at 786.9, cover at 787 12:56 <jperl> I'm done for the day.....here are my executions.... 14:15 http://charts.dacharts.com/2006-11-30/JP ERL_017.png 14:16 most trades were taken at the open of 15 min bars.... near the VWAP std devs 14:17 i've been working on trading both long and short off the std devs Sponsor: <RussellDaytrade> jp, you ever put together a combo vwap line and er price line chart? still curious how that might appear, think it may validate a 'vwap sine-curve' oscillation theory, oscillations above/below vwap, etc. <jperl> no I haven't done that...why don't you try it and let us know 14:18 <RussellDaytrade> my charts don't have that capabilty, otherwise i would be happy to. 14:20 <jperl> The oscillations would depend on the time frame....so not sure how I would use it <RussellDaytrade> intraday, mostly, but likely would still be useful on longer term charts, i think. 14:21 you likely used it today, by trading the standard deviations, etc, just a different way to view/conceptualize it. 14:22 <jperl> yes of course..... 14:23 On a 1 minute chart you can see the oscillations.... but you need to get rid of the noise to determine direction or at least have some way to average out the noise 14:24 here is what you are talking about.... 14:25 1 minute line chart with VWAP and std devs on it.... <RussellDaytrade> display a smoothed or weighted ma of price as a line?? on a slightly lower/slower timefrmae? perhaps a 2 minute sequence? <jperl> http://charts.dacharts.com/2006-11-30/JP ERL_018.png 14:26 using a ma only adds to the problem.....will depend on period used 14:29 what i've been doing is simply waiting till the start of each 15 min bar.... 14:30 take a trade if price action has crossed a std dev <RussellDaytrade> yeah, thats it!, i see what you refer to, that 1 minute line is fast-acting. some way to impose a smoothing component to it may make the 'sine-curve' effect a little more user friendly to interpret, but i think it does help to validate the concept, just as you have shown it. jp, do you use IB for trading, etc. if so, what charting software do you use in conjunction with it? 14:32 <jperl> I use IB to trade, Ensignsoftware for charts 14:33 <RussellDaytrade> is the ensign data pulled from IB, or is it standalone feed? <jperl> zerolinetrader as front end to IB IB data on ensign charts 14:34 here is what a 15 minute line chart looks like with VWAP lines... 14:37 <RussellDaytrade> ok, thx. i am beginning to incorporate daily pivot point projections, have seen it (daily PP's) displayed automatically as horizonatal lines (labeled S1, S2, R1, R2, etc). you know if that is a feature in Ensign charts also? seems like it may correlate well with vwap standard deviations. <jperl> http://charts.dacharts.com/2006-11-30/JP ERL_019.png you can see the oscillations are all smoothed out.... 14:38 that's why I use the 15 min chart and yes you can draw other kinds of pivots using ensign <codehead> whew, nice mkt move 14:39 <RussellDaytrade> mypivots.com has hightly updates for following days values <jperl> I don't use static pivots 14:40 <RussellDaytrade> you use pivots, and if so, how do you prefer to use them? 14:42 Sponsor: <jperl> pivots I use are the std devs of the VWAP these are dynamic trade them like any other pivots using 15 minute chart <RussellDaytrade> looks like those work well. 14:43 <jperl> yes they do....they are not heuristic like static pivots are 14:44 someone made up a formula for pivots and called it such has no basis <RussellDaytrade> those static pivots do seem to have a way of attracting prices to near them. my thinking is, if a lot of people are using them, they may be have a self-perpetuating aspect to them, in a general way. another arrow in the arsenal of tools. 14:49 <jperl> depends on what "alot of people" refers to 14:50 <codehead> hm, NYSE computer was down for 4 hours, this last big run started when it went back online <RussellDaytrade> a lot of traders that have adopted and incorporated the same, and rely upon it regularly. 14:51 <jperl> well a lot of traders use moving averages.... and we know where that leads you 14:52 <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) 15:09 <yo> gn all 16:06 <RussellDaytrade> see you all later. 16:19 <Awash> . 18:53 anyone around 19:09 Long mini Nikkei 225 @ 16250 «« paper »» 19:39 <Awash> Exited 1/2 mini Nikkei 225 Long @ 16285 --> + 35 «« paper »» 20:10 Exited all mini Nikkei 225 Long @ 16315 --> + 65 «« paper »» 20:24 #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)Session Close: Fri Dec 01 00:00:00 2006 23:25 * DisconnectedSession Close: Thu Nov 30 23:29:19 2006 23:29
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