#FuturesTrades December 1st Friday 2006 Trade Log
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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.
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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 +0.00 +0.0000 $0.00 $0.00 Trading Perspective
No trades today due to personal reasons.
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 December...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: Fri Dec 01 00:00:00 2006Session Ident: #futurestrades <pat255> amazing eur .... 09:07 may hit 1.35 in few weeks <ItalianSharp> i hope the euro hits 1.35 as soon as possible...it needs to test those levels...right now we are in no man's land 09:12 if the dollar is to bounce back, it'll bounce back around those levels...not at current levels is bernanke speaking right now? 09:16 <pat255> no idae .. 09:20 <ItalianSharp> bernanke was due to have a speech at 9am 09:21 i assume he must be speaking right now we have different fed's gentlemen speaking today at different times plosser is due at 9.30 09:22 lacker at 1.45pm <Brutus> 0900/1400 Fed Chmn Bernanke gives welcome 09:24 <wizardofrijnsaterwou> gm 09:29 <szubaark> Shorts NQ @ 1792.50 «« paper »» 09:40 exit stop set NQ @ 1792.50 «« paper »» 09:41 Covered all Short NQ at 1792.50 --> 0 «« paper »» 09:43 Buys NQ @ 1793 «« paper »» 09:44 Exited all Long NQ at 1790 --> - 3 «« paper »» 09:46 Shorts NQ @ 1789.75 «« paper »» frikin chop 09:48 <pat255> yup 09:50 <RussellDaytrade> low near 782 area this am? 09:53 <szubaark> exit stop set NQ @ 1789.75 «« paper »» 09:55 <Brutus> 1000/1500 Nov ISM Mfg Index 52.0 51.2 09:56 1000/1500 Oct Construction Spending -0.3% -0.3% <szubaark> slow, controlled selling on NQ 09:57 <ItalianSharp> lets hope 10am news brings in some decent price action...so far its been pretty crappy <szubaark> Covered all Short NQ at 1785.50 --> + 4.25 «« paper »» 10:00 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) <RussellDaytrade> Covered all ER2 Short @ 783.5 --> + 1.3 «« paper »» <les> IS - i guess someone out there doesnt like the news 10:01 <RussellDaytrade> Long ER2 @ 782.3 «« paper »» <ItalianSharp> les: lol <szubaark> now they retrace this drop all day? :))) 10:02 <ItalianSharp> yep, this looks like a selloff day <RussellDaytrade> Exited all ER2 Long @ 781.7 --> - 0.6 «« paper »» <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) 10:04 <RussellDaytrade> Long ER2 @ 782.2 «« paper »» 10:06 Exited all ER2 Long @ 781.9 --> - 0.3 «« paper »» <szubaark> watch out for the falling knife 10:07 <RussellDaytrade> Long ER2 @ 782 «« paper »» <les> Shorts ER2 @ 781.7 «« paper »» <szubaark> Shorts NQ @ 1777.25 «« paper »» <les> live Covered 1/2 ER2 Short @ 781.2 --> + 0.5 10:08 <szubaark> Covered all Short NQ at 17775 --> - 15997.75 «« paper »» <RussellDaytrade> Long ER2 @ 780.3 -> Add «« paper »» 10:09 <szubaark> Covered all Short NQ at 1775 --> + 2.25 «« paper »» <les> exit stop lowered ER2 @ 781.6 <ItalianSharp> fellas, be careful in trading longs today...the fundamental outlook on the us economy looks gloomy and this move is not a fake breakout...its driven by fundamentals...the 10am data are basically saying that the us economy is slowing down and there even are inflation worries...the combination of these two data is the worst the market wanted to hear today... 10:12 <les> good job i'm short in that case :)) 10:13 <pat255> yes <les> hoping i'm lucky enough to ride out the pullbacks 10:14 <ItalianSharp> since i missed the downmove, i am gonna trade light for the remainder of the day and look for decent retracements to short this thing <les> dont want to move my stop up <RussellDaytrade> Exited all ER2 Long @ 781.2 --> + 0.1 «« paper »» target up 784.5 in approx 30 minutes from now, nq up 7.5 from low, es 5.1. taxi time. 10:15 <les> exit stop lowered ER2 @ 780.4 10:26 <Brutus> Long ER2 @ 777.6 «« paper »» 10:29 Exited ER2 Long @ 777.1 --> - 0.5 «« paper »» 10:31 <les> exit stop lowered ER2 @ 778.8 10:34 <ItalianSharp> les, too bad you are paper on this short 10:35 <les> its live <RussellDaytrade> Long ER2 @ 775.8 «« paper »» <ItalianSharp> :) good for you, i am happy at least someone caught this move 10:36 since i havent <les> the papaer post was error in the script setting i had <ItalianSharp> what's up with niha? havent seen him around since wednesday is he sick? <les> he will be when he sees this move he missed :) 10:37 <szubaark> probobly reached his Profit Goal and taking it easy <jperl> this mornings trades so far.... http://charts.dacharts.com/2006-12-01/JP ERL_0111.png <les> Covered Remainder ER2 Short @ 777.1 --> + 4.6 10:38 <szubaark> nice les.. streak dinners on you 10:39 <les> thx szu <pat255> vn lex 10:40 les ...:) <les> its not often one gets on the right side of a big faller but by god its gfreat when it happens <RussellDaytrade> Exited all ER2 Long @ 776.7 --> + 0.9 «« paper »» 10:41 <ItalianSharp> well done les...besides the money, the nice thing about these trades is that they are almost stress-free...you just watch it go in yr direction nice and slow... 10:42 <RussellDaytrade> Long ER2 @ 776.2 «« paper »» <ItalianSharp> US 10 year yields down 5.1 bps at 4.407% 10:44 <Brutus> Nice long RD, took the same, got myself back to BE. 10:49 <RussellDaytrade> looking for 778, new targets 780 by 9:10 mnt, or approx 20 minutes from now 10:50 Exited all ER2 Long @ 777.2 --> + 1 «« paper »» 10:51 got shaken out, i think 10:52 market pulled back to Tuesdays breakout zone. right now is the point when trend changers start shifting from 'trend down', to 'trend up', in think 10:56 good trading brut. i placed an order for 1766.75 nq, it was at 1766.75 offered, dropped to 1766.5 offered, and still got no fill. 10:58 <Brutus> Are these live trades now RD 10:59 <RussellDaytrade> that one was going to be. i want to trade the nq to get accustomed to holding the trades longer, then apply the process to er. 11:01 instinctually, it it almost the best tell possible when the broker gives you no fill, that prices are most likely to move in the favorable direction. have to improve my response/reaction time, and those may be the most opportune times to actually chase the price, from my perspective. 11:05 <Brutus> Good RD. Wow look at ES <jperl> whose your broker RD <RussellDaytrade> the nq and es just achieved model targets, er fell short by a buck 11:06 IB <jperl> I haven't had any trouble with fills this morning <RussellDaytrade> first time that has occured. i have lnt orders set as defaulat, happy with that all in all. 11:07 Long ER2 @ 776.7 «« paper »» 11:09 <jperl> looks like a bounce off of -1st std dev 11:10 <RussellDaytrade> Exited all ER2 Long @ 777.5 --> + 0.8 «« paper »» <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) 11:13 <asuni> but his secret name (only known in this room ) is DAX <RussellDaytrade> Long ER2 @ 778.4 «« paper »» 11:15 <Brutus> 12 point range on the ES, but I'm thinking sideways and down into lunch 11:22 <RussellDaytrade> Long ER2 @ 776.2 -> Add «« paper »» <les> i take back what i said about u missing this move 11:26 life & lives r always more important <pat255> ues les mkt will here next week... <Brutus> RD 775 stops are close <les> hope u dont get too many sleepless nights in next few weeks i got loads other stuff to do today, so gonna sign off for the w/end 11:27 i guess i should be satisfied with one killer trade today :) 11:28 cya all monday <ItalianSharp> bye les 11:29 <Brutus> Cu Les, nice trading. <RussellDaytrade> this is a 'damage-control' trade brut. went outside my usual balliwick, and tried a more aggresive trade initiation. am more accustomed to buying into the falling-knife scenarios, in fact, that is my preferred style. 11:30 Exited 1/2 ER2 Long @ 776. --> - 0.2 «« paper »» 11:31 i am thinking it feels like not enough downside momentun to take out 775 right now. 11:33 <szubaark> market needs to digest this Quick, Sudden hard to catch Drop 11:34 <Brutus> I have a rule to take some profits at +1, which you had a chance on the last 11:35 <szubaark> brutus when u going Live? <Brutus> I sometimes enter the order in advance as ER can spike fast and you can get a fill 11:36 <RussellDaytrade> new targets setups, 780, 1780, 1399, all in approx 35-40 minutes from now. <ItalianSharp> szu, according to what niha says, november is a tough trading month for volatility...this partially explains this sudden rises and drops in volatility recently <Brutus> I should have done it on the first trade I posted and may have gotten a fill 11:37 <szubaark> shows you how tough this crap is, most are paper trading. scared to put their cash on the line <Brutus> But I was posting on here and was distracted at that second Szu my trades are live, I just dont post all of them 11:38 <RussellDaytrade> ok, i'm going for some breakfast, that is usually good for a nice move while away! 11:39 <Brutus> When I do a trade and the heat is on I cant update adds so its not always accurate so I left it as paper 11:40 I post PnL on ET under BoyBrutus if your interested. 11:42 <RussellDaytrade> ok, that was good for a buck, shall i also go for lunch too? 11:45 Exited all ER2 Long @ 779.2 --> + 0.8 «« paper »» 11:46 <Brutus> Hold that long for a home run RD <RussellDaytrade> thx brut, gotta work on that. ere and es targets virtually achieved just now, nq lagging 11:47 <jperl> I'm done for the morning....here are the executions... 11:48 http://charts.dacharts.com/2006-12-01/JP ERL_0112.png 11:49 I made some booboo's on some of those losses 11:50 Sponsor: <RussellDaytrade> think they may build some basing without piecing 780, build some short base there, then attack thru later today. piercing <yo> hello all 11:54 <RussellDaytrade> hi yo. i am interested in hearing your opinion and about your preffered trading style... profitable! 11:56 looks they are stronger then i thought a couple of minutes ago 11:57 <szubaark> [10:02] > now they retrace this drop all day? :))) 11:58 Bastids :)) <RussellDaytrade> Shorts ER2 @ 781.2 «« paper »» 11:59 Covered all ER2 Short @ 781.5 --> - 0.3 «« paper »» 12:01 <Brutus> Szu, Once ES broke 1396.75 on volume my bias was long 12:02 Similar in some ways to 11/14/06 12:04 <RussellDaytrade> i am anticipating there may be another drive up in which to sell into. i prefer those moments and instances when i fell stronger/strongest in my resolve, even if i am early/wrong-at-first, and am correct in the fianl analysis 12:06 <Brutus> Look at the ES moves and ER, I may have to change back 12:09 Even NQ lately is having large runs <szubaark> Brutus what yur trading style? <Brutus> Bit of everything, lately more scalping 12:10 I use to be able to catch larger moves in the ES but ER shakes you out easily <RussellDaytrade> es stronger today. i have a chart that has er es and nq on it. er nq tracking virtually identical, es stronger today good place/time for as sneak attack to the upside about now. 12:12 <jperl> hope so...i've been long since open of this 15 minute bar will stay long if price action stays above VWAP, 779.76 12:13 <RussellDaytrade> trade your plan. <Brutus> JP what about the longs at 776 what was that based on? different to your normal style right? 12:15 <jperl> let me look I took a long at 776.70.... 12:18 <Brutus> 1200 Chicago Fed Pres Moskow 1345 Richmond Fed Pres Lacker 12:19 <jperl> Is that the one you are referring to <Brutus> Yes arount 11:30 <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) 12:25 <jperl> yes that was a buy because the open of the 15 minute bar was above the -1st std dev <Brutus> OK dont most use 2 std dev ? 12:30 <jperl> still in long from 12:00 I don't know what others use 12:31 at 12:00 price was above vwap so I went long... at 12:15 price was still above vwap so I scaled in 1 and exited 1 at b/e 12:32 at 12:30 price was still above vwap so I scaled in again and exited 1 at b/e I'm still long now 12:33 I'll exit the trade if 15 min bar closed below VWAP <Brutus> OK, thnaks 12:35 <jperl> price action just dropped below VWAP, but there is still 7 1/2 minutes left in the trade 12:36 <Brutus> my2cents 12-01-06 12:25 PM Time pivot 13:50, this guy is good so watch the time 12:37 <jperl> 3 minutes left in this 15 minute bar and price action is hugging VWAP 12:41 like a soft kitty <Brutus> 1350 pivot time and 1345 Richmond Fed Pres Lacker <jperl> bar closes just above VWAP so we will stick with the long 12:44 * Retrieving #futurestrades modes... 12:46 <jperl> 4 minutes to go for this bar 12:55 bar close just above vwap...so still sticking with long 12:59 <RussellDaytrade> you doing the right thing jp? 13:04 <jperl> well I'm still in the long....trade looks like a loser <RussellDaytrade> way to stay with it making a valiant effort to see if it would make a run. manage the trade, honor you stop. 13:06 <jperl> so we will bail out of this long at the close of this bar.... 13:13 777.90 13:14 Anyway that's how I play it now.... 13:15 still needs some refinement I trade the 15 minute bars off the VWAP lines 13:16 lines referring to VWAP and its std devs 13:17 <RussellDaytrade> way to trade it jp. perhaps, if you have dynamic T&S, it may provide good clues when buying/selling pressure may be about to/influence price, and that can assist in hte trade managment. 13:19 reading/interpreting the t&s 'scrolling speed', to give clues if volume may be accelerating, etc. 13:20 <jperl> yes...I have tried that....but not very successfully 13:21 watching t&s gives me a headache <RussellDaytrade> does minimizing the window and having on the perifery of your screen, so that it is visible and readable, without having to focus intently on it, and letting it just call attention to itself when it kicks into gear, etc? 13:24 i am going to open another account to have access to it, think it will be a great tool for me. 13:25 Sponsor: <jperl> if you are talking about tape speed...I think you get the same info buy watching the jiggles in the price bar if you use zerolinetrader....you don't need another account to see it 13:26 <RussellDaytrade> thinikng i want access to additioanl trading data, looking at tradestation, in addtion to IB. 13:27 <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) 13:37 <RussellDaytrade> Long ER2 @ 774 «« paper »» 13:40 <jperl> 15 minute bar closes in 2 minutes 13:41 <Brutus> 1350 pivot time and 1345 Richmond Fed Pres Lacker 13:42 <RussellDaytrade> Exited all ER2 Long @ 775778 --> + 775004 «« paper »» 13:43 <jperl> wow you are a million dollar baby <RussellDaytrade> lacker has wanted to keep rwaising artes since they stopped raising. federalreserve.gov, look under fomc minutes/releases/statements, etc 13:44 whoa!, sorry, had it loaded in anticiaption, tehn began another post. 13:45 <Brutus> Yeah nice comments for last shake out and up for rest of the afternoon <RussellDaytrade> gonna see if they break the lows. 13:46 my tyargets post didn't post, 778, 1774, 1397, in approx 35 minutes from now, or about 47 minutes from lows, if holds, etc. 13:51 <NihabaAshi_away> Take care all and have a good weekend. * DisconnectedSession Close: Fri Dec 01 13:52:16 2006
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