#FuturesTrades December 8th Friday 2006 Trade Log
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ER2 EuroFX EC +11.90 +0.0000 $1,190.00 $0.00 Declining Volatility (volatility analysis)
Today was probably the most efficient trading day in a few months via good points on small size.
More importantly, my volatility analysis is improving every week along with giving me a better sense or feel of the price action as it relates to my intuition trades or pattern signals.
Simply, when volatility declines...there's a good chance a strong price movement will occur for at least one interval...long enough to either reach a WRB profit target 1 or provide enough room to move a initial stop/loss protection into a +1 tick profitable trailing stop.
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 08 09:31:55 2006Session Ident: #futurestrades * Now 09:31 <X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm * Nihaba is now known as NihabaAshi 09:34 <szubaark-away> nnick szubaark * szubaark-away is now known as szubaark <NihabaAshi> ER2 gap just filled. 09:40 <asuni> hi niha, ur bias for today? 09:41 <NihabaAshi> Neutral for now. <szubaark> Shorts NQ @ 1804.25 «« paper »» 09:42 exit stop set NQ @ 1804.25 «« paper »» 09:45 Covered all Short NQ at 1801.25 --> + 3 «« paper »» 09:47 <NihabaAshi> Shorts ER2 @ 798.40 -> small size 09:53 <Brutus> 1000/1500 Dec University Of Michigan Consumer 92.5 92.1 09:55 Sentiment Index, prelim <RussellDaytrade> down target on er off high just fulfilled at 797 09:59 bigger picture, still think there's risk to 789 level 10:00 <szubaark> Shorts NQ @ 1795 «« paper »» <RussellDaytrade> perhaps as fast as today. 10:01 <NihabaAshi> Covered 1/3 ER2 Short @ 794.90 --> + 3.5 <szubaark> exit stop set NQ @ 1795 «« paper »» <NihabaAshi> Covered 1/3 ER2 Short @ 794.00 --> + 4.4 10:02 <les> Shorts ER2 @ 793.8 10:03 Covered 1/2 ER2 Short @ 793.3 --> + 0.5 <szubaark> looking for Globex low test <NihabaAshi> A lot of downside pressure here...ER2 can easily drop 2 more points if it doesn't find support soon. 10:04 <szubaark> Covered all Short NQ at 1791.50 --> + 3.5 «« paper »» 10:06 Niha that was a nice Short entry. <NihabaAshi> Hoping it gets nicer for my remaining contract. 10:07 <les> me too :) <RussellDaytrade> up targets now, er, 4, nq 7, es 4 from lows +/- in approx 35 10:10 <les> Covered Remainder ER2 Short @ 794.9 --> - 1.1 <RussellDaytrade> that may be about it for this bounce 10:17 <Brutus> pb? 10:21 <NihabaAshi> Shorts ER2 @ 796.60 -> Add 10:24 Covered all ER2 Short @ 797.00 --> + 1 10:25 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) <Brutus> Did you see that pb RD? 10:26 <les> Shorts ER2 @ 796.5 10:36 <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) 10:40 <RussellDaytrade> sorry Brut, was in the shower, can you elaborate? 10:41 pb? <Brutus> :) next time is see a program buy setup, pb watch closely 10:42 <RussellDaytrade> looks like all targets up targets reached, and that wiggle was just a shakeout <szubaark> Shorts NQ @ 1800.25 «« paper »» 10:44 <RussellDaytrade> call it out when you see it, will pay close attention to it when you do, thx. wonder if its got another leg up left in it about here? 10:45 800 perhaps. <Brutus> Short looks good Szu 10:49 <RussellDaytrade> down target, 796 in 39 <szubaark> Covered all Short NQ at 1802 --> - 1.75 «« paper »» 10:50 Buys NQ @ 1802 «« paper »» <Brutus> Shorts ER2 @ 799.3 10:51 <RussellDaytrade> if goes up more than .5 from here, targets will reset to higher level from higher level. 10:52 <Brutus> Covered ER2 Short @ 799.2 --> + 0.1 10:53 0ay get 8/L /L may get 800 <RussellDaytrade> http://s138.photobucket.com/albums/q277/ RussellDaytrade2/?action=view¤t=r2 12-8-06.jpg 10:54 targets from earlier today, down target now on. <szubaark> exit stop set NQ @ 1802 «« paper »» 11:02 <NihabaAshi> Long ER2 @ 799.30 -> small size 11:03 1 contract only The last remaining big WRB in the downtrend has been retraced. 11:05 <Brutus> NQ new highs 11:06 <szubaark> Exited all Long NQ at 1805.75 --> + 3.75 «« paper »» * codehead_afk is now known as codehead 11:07 <RussellDaytrade> down for rest of day? 11:13 <NihabaAshi> Volaltility is declining...expecting one more volatility spike here soon. 11:14 Hopefully upwards and not downwards. Exited ER2 Long @ 802.30 --> + 3 11:15 Sponsor: <asuni> great trade niha <NihabaAshi> Thanks. 11:16 <szubaark> Niha was that pattern signal or "intuition"? 11:17 <asuni> still very difficult for me after 1100 to understand if volatility will remain up <NihabaAshi> I'm going to call it quits here for the day and take it easy for the remainder of the day... Only got a few hours of sleep last night because of the newborn. <szubaark> ok. see u later. 11:18 <NihabaAshi> szu...intuition trade due to an "almost" valid pattern signal. 11:21 <Brutus> NQ new highs Shorts ER2 @ 803.3 <RussellDaytrade> nq going supernova <Brutus> Faster they fall RD 11:22 Covered ER2 Short @ 802.3 --> + 1 11:23 <NihabaAshi> There's a resistance zone between 803.80 - 804.20 <Brutus> MB quotes playing up, I dont like it :( <NihabaAshi> Another shallow resistance zone between 803.30 - 803.40 11:24 If ER2 can get above these s/r zones...it has a good chance to get at least within a point of yesterday's highs. 11:26 <Brutus> Good short setup No fill at 803.1 :( 11:29 <szubaark> any news out there or anyone speaking that "caused" this controlled run-up? 11:31 <Brutus> Shorts ER2 @ 804.4 11:32 <NihabaAshi> szu...it looks technical to me after the volatility spike @ 1003am est...some institutions establishing positions on the lows and retailers showed up on the declining volatility to substain the rally back upwards. 11:33 We did have a key economic report at 10am est...Consumer Sentiment Report 11:34 <Brutus> Covered ER2 Short @ 803.8 --> + 0.6 11:36 Down for the next 1/2 hour 11:37 Take shorts with stop at ER HOD small risk 11:41 <szubaark> ER is good for tick scalping since it wiggles around a lot.. no such luck with ES,NQ.. you either Right or WRONG 11:43 <Brutus> Szu many of my ER trades are from what I see on the ES, ER just pays faster Sometimes 11:44 <szubaark> ER Range $1200 NQ $600 ES $550 YM-Who cares <Brutus> But ES would be much easier to hold as its a smooth mover <szubaark> What timeframe(s) u watch for signals? 11:45 <Brutus> Also for a small fry like me the tick spread on ER is good with enough liqidity low slipage 11:46 I watch 6s, 1m, 5m, 15m 11:47 <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) 11:49 <Brutus> When you look at the ER and NQ moves yesterday it explains the NQ move today 12:14 Sponsor: <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) 13:01 <RussellDaytrade> have a good weekend all. 16:01 <NihabaAshi> Just got back from a long nap...take care all and have a good/safe weekend. 17:54 * DisconnectedSession Close: Fri Dec 08 17:55:42 2006 17:55
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