#FuturesTrades December 11th Monday 2006 Trade Log
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ER2 EuroFX EC +12.10 +0.0000 $1,210.00 $0.00 Trading Perspective
Market made a few nice moves up and down early in the a.m. trading session until it settle down into a low volatility p.m. trading session as it waits for tomorrow's FOMC announcement on interest rates.
As for my own trading today...it was by the book.
Hit the market with some size the first 1 or 2 trades and then reduce the position size to better manage my risk exposure due to the low volatility trading environment.
However, I mismanaged my remainders on the first trade (a key trade) and should have reversed from a Short into a Long position about 5 mins earlier because of a bullish signal @ 0942am est.
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: Mon Dec 11 08:45:54 2006Session Ident: #futurestrades * Now 08:45 <X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm <yo> gm all 08:53 <ItalianSharp> morning everybody 09:14 <pat255> gm all... 09:15 <wizardofrijnsaterwou> gm everybody 09:22 <yo> gm wiz 09:25 <PapaJon> gm all 09:30 <eminitrader> morn all ...good trading 09:31 <szubaark> gm <NihabaAshi> Shorts ER2 @ 798.00 -> large size 09:32 Ooops... Shorts ER2 @ 799.00 -> large size 09:33 <szubaark> Buys NQ @ 1807 «« paper »» <eminitrader> Shorts ES @ 1423.75 09:36 <NihabaAshi> Covered 1/3 ER2 Short @ 797.80 --> + 1.2 09:37 <eminitrader> Covered 1/2 ES Short @ 1422.25 --> + 1.5 09:40 <szubaark> Exited all Long NQ at 1805.50 --> - 1.5 «« paper »» Shorts NQ @ 1805.50 «« paper »» 09:41 <NihabaAshi> Covered 1/3 ER2 Short @ 797.30 --> + 1.7 <szubaark> Covered all Short NQ at 1802.75 --> + 2.75 «« paper »» 09:45 Nice Niha. <eminitrader> nice comeback szu :) <szubaark> thanks u too. <Brutus> Group hug? 09:46 <szubaark> :) <NihabaAshi> Covered Remainder ER2 Short @ 798.50 --> + 0.5 09:47 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) <eminitrader> Covered Remainder ES Short @ 1423.25 --> + 0.5 09:48 <NihabaAshi> I'm now neutral in my bias. 09:52 <szubaark> Buys NQ @ 1807.50 «« paper »» <NihabaAshi> Long ER2 @ 799.80 -> small size 09:54 1 contract only 09:55 I'm officially in profit protection mode. <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) 09:56 <szubaark> Exited all Long NQ at 1811.75 --> + 4.25 «« paper »» 09:57 <eminitrader> u go szu :)) 09:58 <ItalianSharp> nice szu <szubaark> thanx. Need to chill out now. make sure i dont give anything back. <NihabaAshi> Exited ER2 Long @ 800.40 --> + 0.6 10:04 <eminitrader> Shorts ES @ 1424.75 10:06 Covered ES Short @ 1424.75 --> 0 10:08 Reverse and Enter Long ES @ 1424.75 <szubaark> Buys NQ @ 1817 «« paper »» Exited all Long NQ at 1817 --> 0 «« paper »» 10:09 chasing here <eminitrader> Exited 1/2 ES Long @ 1426.25 --> + 1.5 10:11 <pat255> vn emini... 10:13 <eminitrader> thx pat <szubaark> nice emini <eminitrader> thx szu...kinda making up for missed trades on fri am action :)) 10:14 Exited Remainder ES Long @ 1427.25 --> + 2.5 <szubaark> Shorts NQ @ 1823.50 «« paper »» 10:15 Covered all Short NQ at 1826.75 --> - 3.25 «« paper »» 10:17 :(( Buys NQ @ 1827 «« paper »» <eminitrader> nq pulling along the es nicely Shorts ES @ 1428 10:23 <szubaark> still looks like can go up some more 10:24 <eminitrader> maybe later but calls for a pullback now..Q is how large a pullback ? 10:25 <szubaark> yeah i chased and got at top of that last high candle :(( 10:26 <eminitrader> if ES makes new highs w/o touching 1426 except a trend up day 10:31 Covered 1/3 ES Short @ 1427 --> + 1 10:34 mrkt may now head up to retest highs....after a shake up of few more ticks... 10:45 am refering to the ES <szubaark> im sitting thru this pullback because of chasing on upticks 10:46 <eminitrader> not aware of how the mrkt flows in other indices looks like a bit more down to go the NQ before a move back up szu 10:48 <szubaark> no real sellers will step in UNLESS they test the high again which is what i should have waited for 10:49 <NihabaAshi> Long ER2 @ 801.70 -> small size 10:50 1 contract only Long ER2 @ 801.20 -> Add 10:53 <eminitrader> Covered ES Short @ 1426.25 --> + 1.75 Reverse and Enter Long ES @ 1426.25 <Brutus> Long ER2 @ 800.4 10:54 <NihabaAshi> Long ER2 @ 800.40 -> Add 10:55 This was suppose to be any easy Long position :( 10:57 Trapped by declining volatility. 10:58 <pat255> yes ...just died <szubaark> this could be pulling back for hours now :(( 11:01 <NihabaAshi> Exited 1/3 ER2 Long @ 801.00 --> + 0.6 Volatility still declining...expecting a volatility spike here soon. 11:02 Sponsor: <Brutus> Exited ER2 Long @ 801.0 --> + 0.6 <eminitrader> exit stop raised ES @ 1425.75 11:03 <NihabaAshi> :( 11:04 <szubaark> NQ still looks strongest 11:05 <eminitrader> ES trong too uless 1424 is taken out 11:06 <NihabaAshi> Exited 1/3 ER2 Long @ 801.40 --> - 0.3 11:07 That's a +0.20 on that contract... <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) 11:08 <NihabaAshi> I'm still short one remainder from 801.70 <asuni> u mean long niha? 11:09 <NihabaAshi> Yes Volatility declining a little more :( Time to tighten the stop. 11:10 <szubaark> one more re-test and they should shoot for highs 11:17 <pat255> chop here ... 11:18 <szubaark> u got the Conservative types who need double bottoms before they go Long <eminitrader> Exited 1/3 ES Long @ 1427.25 --> + 1 11:23 <szubaark> NQ only 4 point pullback.. we goin higher 11:25 <NihabaAshi> Exited Remainder ER2 Long @ 802.20 --> + 0.5 <eminitrader> es needs to break 1428 exit stop moved to breakeven ES @ 1426.25 11:28 Exited ES Long @ 1427.25 --> + 1 11:32 Reverse and Enter Short ES @ 1427.25 Covered ES Short @ 1427.25 --> 0 12:00 Reverse and Enter Long ES @ 1427.25 Long ES @ 1426,25 -> Add 12:04 exit stop set ES @ 1425.75 12:05 Exited all ES Long @ 1425.75 --> - 1.5 12:07 <pat255> later guys ..office ty <eminitrader> later pat 12:08 <Chilly> market treading water ahead of FOMC tomorrow? In middle of consolidation zone since Friday this time (ER2 that is). 12:16 <szubaark> Exited all Long NQ at 1819.25 --> - 7.75 «« paper »» good one :((( i went Long at the High so far :)) 12:18 * 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) 12:20 <pdays> Shorts ER2 @ 801.3 15:21 Covered all ER2 Short @ 801.1 --> + 0.2 15:25 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) 15:56 <NihabaAshi> Take care all...I'm done for the day and tomorrow FOMC Announcement day should be a very interesting trading day. 15:59 Bye all and see all tomorrow. 16:07 * NihabaAshi is now known as NihabaAshi_away * DisconnectedSession Close: Mon Dec 11 16:36:14 2006 16:36
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