#FuturesTrades December 13th Wednesday 2006 Trade Log
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ER2 EuroFX EC +6.60 +0.0000 $660.00 $0.00 Advance Decline Lines (market breadth)
The above numbers are deceiving due to the fact I made a ton of trades today while having to trade all day to the last minute of the trading day.
Lets put it this way, my broker is happy today and my trading was not efficient.
However, as I completed my review of the trading day...my problem occurred in the first trade...a first trade I consider to be the most critical trade of any trading day as of lately.
I was bullish based upon yesterday's market breadth Advance Decline Lines price action but failed to input today's upside GAP at the open...a costly mistake.
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: Wed Dec 13 09:32:11 2006Session Ident: #futurestrades * Now 09:32 <X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm <NihabaAshi> I have a bullish bias this morning so far. 09:33 <pat255> gm all 09:34 <NihabaAshi> The only thing that complicates things is the gap up... I wasn't execting that. <pat255> yes Niha ... retail sales were u for Nov <NihabaAshi> Long ER2 @ 800.90 -> large size 09:35 <eminitrader> Long ES @ 1428.50 09:40 <szubaark> Buys NQ @ 1811.25 «« paper »» <jperl> ER2 at weekly VWAP 799.53 09:42 took a bounce off there <NihabaAshi> Thanks jperl. <jperl> yw <RussellDaytrade> market is starting to have a bear-market-rally feel to the trading, of late, the past week or so. 09:43 <NihabaAshi> Volatility without in consistent rises nor declines...signs of congestion or tight range. 09:44 <szubaark> Exited all Long NQ at 1811.25 --> 0 «« paper »» 09:45 <jperl> ER2 VWAP now 800.42 with 3 tick Stnd dev <NihabaAshi> Exited all ER2 Long @ 799.40 --> - 1.5 09:48 If the other eminis would have gotten their act together... I could have stayed in that trade longer. 09:49 Long ER2 @ 799.60 -> large size 09:50 :( 09:51 Volatility rising/spiking...doesn't look like it can hold and develop into somthing as in points. 09:56 <pat255> chopy mkt <NihabaAshi> Exited all ER2 Long @ 799.90 --> + 0.3 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) <les> niha.. i'm curious about your bulish bias... 09:57 in view of the unfilled gap on 4th dec <NihabaAshi> It's based upon the 60min chart via market breadth indices. Long ER2 @ 799.30 -> large size 09:58 <les> what r mkt breadth indices? <NihabaAshi> Advance Decline Lines <les> ah ok <szubaark> Buys NQ @ 1808.75 «« paper »» 09:59 <NihabaAshi> Meant...I use just about anything for my bias and today's bias is based about the AD Lines. 10:00 I got my fingers cross the market will find its way and get in tune with its internals. <szubaark> Exited all Long NQ at 1806.50 --> - 2.25 «« paper »» 10:01 Shorts NQ @ 1806.25 «« paper »» Longs not working, going Short 10:02 <NihabaAshi> Long ER2 @ 799.00 -> Add If I can get a 800.20 on my exit on this ADD...I will be very happy. 10:03 Lower highs not a good sign :( 10:06 <Brutus> Long ER2 @ 799.2 10:07 Exited ER2 Long @ 798.4 --> - 0.8 10:08 <NihabaAshi> Exited all ER2 Long @ 798.20 --> - 1.9 10:09 <asuni> horrible market today <pat255> yes ... <eminitrader> Long ES @ 1425.25 -> Add 10:10 <NihabaAshi> Shorts ER2 @ 797.90 -> large size <jperl> ER2 approaching monthly VWAP, 797.04 <szubaark> if u cant beat them, join them 10:11 <NihabaAshi> :) As long as we don't join too late :( 10:12 <jperl> 1 Standard Deviation now 8 ticks <NihabaAshi> Shorts ER2 @ 797.90 -> Add 10:14 <les> Shorts ER2 @ 797.4 <NihabaAshi> Covered 1/2 ER2 Short @ 797.40 --> + 0.5 10:15 Had a position size error on that exit. Shorts ER2 @ 797.80 -> Add 10:16 Volatility is back to where it started :( 10:18 <les> i think its about to reappear :) <NihabaAshi> Covered all ER2 Short @ 797.40 --> + 0.9 10:19 Shorts ER2 @ 796.90 -> large size 10:20 <jperl> one Standard Deviation now 10 ticks <szubaark> Covered all Short NQ at 1802.25 --> + 4 «« paper »» 10:21 <NihabaAshi> Shorts ER2 @ 797.50 -> Add <jperl> ER2 has paused at the weekly VWAP several times in the last 5 minutes 10:23 Yesterdays VWAP sits below at 796.07 <RussellDaytrade> jp, thought you said the weekly vwap this am was near 799.5 10:24 <jperl> sorry, 797.04 is monthly VWAP 10:25 <NihabaAshi> Playing the lower highs lat in the game isn't working so well :( <szubaark> Buys NQ @ 1803.75 «« paper »» <NihabaAshi> Covered all ER2 Short @ 798.20 --> - 2 798.20 is the worst of the bunch. <les> Long ER2 @ 797.8 10:26 <RussellDaytrade> that seems like it would provide some reasonable support, the monthly vwap, thx for the clarification. <eminitrader> Exited all ES Long @ 1426.25 --> - 1.25 <jperl> yes....as well as previous close and yesterdays VWAP.... lot of support to plow through on the short side.... 10:27 <NihabaAshi> We got declining volatility in steady way for the first time today... <jperl> that's why I'm just sipping my coffee and watching this <NihabaAshi> Expecting a volatility spike here soon. Long ER2 @ 798.00 -> large size 10:28 <Chilly> oil inv. coming any minute <les> Exited all ER2 Long @ 798.3 --> + 0.5 that was half exited <NihabaAshi> Yikes...I forgot about the Oil numbers. Sponsor: <jperl> Here are this mornings executions.... 10:29 http://charts.dacharts.com/2006-12-13/JP ERL_012.png <NihabaAshi> Exited ER2 Long @ 797.30 --> - 0.7 10:30 Reverse and Enter Short ER2 @ 797.30 <szubaark> Exited all Long NQ at 1799.75 --> - 4 «« paper »» 10:31 Shorts NQ @ 1799.75 «« paper »» <pat255> nice reverse niha ....sigh so hard for me to do... <les> Exited ER2 Long @ 796.5 --> - 1.3 10:32 Reverse and Enter Short ER2 @ 796.5 <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) <NihabaAshi> It's been awhile since Oil has dug me out of a deep red hole in the ground :( 10:34 <les> exit stop lowered ER2 @ 796.4 <NihabaAshi> Could be the first time today in a long time :) <pat255> vn niha .... 10:35 <NihabaAshi> I'm not out of the woods yet and I still have a horrible win:loss ratio for my efficiency documentation. <RussellDaytrade> 795 will likely hold the first time since it was penetratrated so many times just yesterday afternoon. 10:36 <NihabaAshi> Covered 1/4 ER2 Short @ 795.40 --> + 1.9 <RussellDaytrade> target up 4 in 42 from lows if lows hold <szubaark> Covered all Short NQ at 1799.75 --> 0 «« paper »» 10:40 Buys NQ @ 1800 «« paper »» REAL tough trading.. one mistake and you OUT <NihabaAshi> Szu...its only the 2nd inning...plenty more innings to play :) 10:41 However, the next few innings are usually problematic... 10:42 I'm going to take some losses through those innings and return later for the prime stuff. <eminitrader> :) <NihabaAshi> Hopefully later there's better price action and nothing occurs during the boring stuff. 10:43 <pat12> geez reboot....:( <NihabaAshi> I'm not sure what I need on this Short to go positive... 10:44 <les> exit stop lowered ER2 @ 796.1 <NihabaAshi> A 794.00 would be nice. <RussellDaytrade> lows still holding, up targets still on 10:45 secondasry entry long, exit if lows taken out with gusto. 10:46 <eminitrader> Long ES @ 1424.25 <RussellDaytrade> nq bullish divergence relative to er <NihabaAshi> volatility declining again on a Hammer :( 10:47 <les> Covered Remainder ER2 Short @ 795.7 --> + 0.8 <szubaark> on NQ we at the FOMC announcment Price 10:48 Lets see if it Holds :)) <NihabaAshi> I have a key support zone between 792.90 - 790.20 and a key resistance zone between 798.00 - 796.00 10:49 Simply, a lot of room for more chop :( <szubaark> This week Ive had 3 WRB spikes go against me, and Stop on those is usually 6-8 NQ Points.. so my P/L column is hurting right now 10:50 <NihabaAshi> Starting to look like the gap up at the Open exhausted the market internals before they even started :( <szubaark> I like WRBs more when they go in my favor. 10:51 <RussellDaytrade> price hovering near lows for good amount of time, may prove rewarding for longs that can gut it out. <NihabaAshi> Me too :) 10:52 <szubaark> also eating big Stop usually makes me freeze and throws me out completely for the day <les> Long ER2 @ 795.8 10:53 <NihabaAshi> szu...I had three stop outs today as losers... Usually I'm able to sense trouble and reverse my position long before my stop/loss protection being hit. 10:54 Unfortunately so far...today is not one of those days. <pat12> today is tuff ..with this choppy action 10:55 <eminitrader> Exited 1/2 ES Long @ 1425.75 --> + 1.5 <RussellDaytrade> Niha, take alook at he ppast 4 days rally spikes, it seems the only way the market hass risen is on superheated, come-outta-nowhere spikes up, including this am's open gap up. thats what makes me think, in part, the character of the market has shifted. <szubaark> Niha at opening first hour when i reverse on a WRB Stop in opposite direction, it usually retraces right back and i have to take another loss <NihabaAshi> Interesting. If there is a change in the market conditions...hopefully its in tune with normal conditions for December because so far this month...it hasn't been a normal December. 10:56 <les> what do u think of a s a normal dec? <RussellDaytrade> will you briefly define normal? <NihabaAshi> Volatility is too low. <szubaark> guys dont forget its QUAD-witching week.. those are terrible, choppy 10:57 <NihabaAshi> It should be twice as high. <eminitrader> Exited ES Long @ 1426.25 --> + 2 10:58 Reverse and Enter Short ES @ 1426.25 <NihabaAshi> Simply, some of those that are usually involved...aren't involved. <szubaark> go emini. <RussellDaytrade> expect a stall in upward move at/near 797, prior breakdown low, etc <eminitrader> thx szu...needed this after the losing one <NihabaAshi> It's more retail like trading conditions without a lot of institutional involvement as if the big boys has already placed their bets prior to December and they are just sitting tight...waiting. 10:59 Even yesterday's parabolic price surge on the FOMC annoucement was lacking volatility for such in a December. 11:01 <RussellDaytrade> sometimes these moves will stage a rapid advance right about this point in their life-cycle. 11:02 and thrust towasrds tarfgets. 11:03 <NihabaAshi> Tightning up my stop...doesn't look too good anymore. 11:07 Volatility has declined a lot since the 1030am est volatility spike... 11:12 It's due for a volatility spike. <eminitrader> be back 11:13 <RussellDaytrade> feels like its lacking its usual punch, making the 'ground' sideways instead up up 11:14 <NihabaAshi> Covered all ER2 Short @ 796.60 --> + 0.7 11:19 <les> exit stop raised ER2 @ 795.7 * codehead_afk is now known as codehead 11:20 <les> this'll pullback to the range before going any igher hmm, already has :) <szubaark> Exited all Long NQ at 1800.25 --> + 0.25 «« paper »» 11:21 Shorts NQ @ 1800 «« paper »» <les> exit stop raised ER2 @ 796 11:22 <szubaark> Covered all Short NQ at 1803 --> - 3 «« paper »» 11:28 Buys NQ @ 1803 «« paper »» <les> looking to break now 11:29 <NihabaAshi> Long ER2 @ 797.10 -> large size <jperl> ER2 VWAP 797.84 <RussellDaytrade> looks eady to thrust into 798ish <les> agree <NihabaAshi> :( 11:30 <les> reisistance there <eminitrader> Shorts ES @ 1427.25 -> Add 11:31 <szubaark> no followthru on anything.. <NihabaAshi> Volatility rising elsewhere except for ER2 :( <les> true, but er2 has ahd a steady climb for while now 11:32 <RussellDaytrade> hopefully its not too 'obvious', and already occured <les> was what i was thinking 11:33 but an 'obvious' one right now would be handy <NihabaAshi> Long ER2 @ 769.90 -> Add 11:35 <RussellDaytrade> any way i slice it, it is always lower risk, though for some reason 'seems' riskier, to buy them at/near the 'falling knife' point. at least thats my view. plenty of room for all types of traders. 11:36 <les> lotsa resistance here.. 11:37 <RussellDaytrade> may be too 'early', relativr to this am's gap open fro much more lift just yet. <les> vwap, 200ema, and a dark wrb open break or bust time soon 11:38 <NihabaAshi> I'm looking for a 797.70 to complete its retrace of that 1030am est price action. Volatility still declining. <szubaark> Exited all Long NQ at 1803.25 --> + 0.25 «« paper »» * szubaark is now known as szubaark-away 11:39 <NihabaAshi> Long ER2 @ 796.50 -> Add <RussellDaytrade> that retrace may have occured in a sideways fashion approx between 5-10 ago, accomplishing the same net effect. 11:40 <NihabaAshi> Price action at a weak support level here. <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) 11:44 <NihabaAshi> Geeesh. <asuni> hard, hard and hard 11:45 <NihabaAshi> Exited 1/4 ER2 Long @ 797.20 --> + 0.7 <les> exit stop raised ER2 @ 796.2 11:46 cmon, break already 11:47 <asuni> and hard <NihabaAshi> Exited 1/4 ER2 Long @ 797.30 --> + 0.2 So close but not close enough. 11:50 <les> Exited ER2 Long @ 797.2 --> + 1.4 11:52 Reverse and Enter Short ER2 @ 797.2 <eminitrader> nq weak ...may pull the ES to retest lows <NihabaAshi> Volatility has been rising (a tiny bit) but overall is still declining. 11:53 <les> Covered all ER2 Short @ 798.6 --> - 1.4 wrong Covered all ER2 Short @ 796.6 --> + 0.6 11:54 i guess i'm done for today 11:55 that last 2pts profit, put me back in black [just] :) <pat12> vn...that works... 11:56 <les> these reversals off the low are always slow ballbreakers <pat12> so choppy this am now it hardly moves ... 11:58 <eminitrader> Covered ES Short @ 1427.75 --> - 1.5 11:59 Reverse and Enter Long ES @ 1427.75 <les> cya all tomorrow 12:00 <pat12> later les.. this chop is a killer ... 12:01 <eminitrader> Exited all ES Long @ 1427.25 --> - 0.5 <pdays> Shorts ER2 @ 796.6 12:05 <NihabaAshi> Long ER2 @ 796.20 -> Add 12:06 Long ER2 @ 796.20 -> Add 12:07 I'm buying this small s/r zone area. 12:08 <eminitrader> niha u sure have a strong long bias today <NihabaAshi> It may change later today. <eminitrader> k <pdays> Covered all ER2 Short @ 796.2 --> + 0.4 <NihabaAshi> Yet, my biggest dollar winner today was on a large short position. 12:09 We're now in the infamous 4 inning where volatility analysis becomes extremely tough unless some unexpected Volatility Spikes show up. 12:11 Long ER2 @ 795.60 -> Add 12:12 <eminitrader> got shoook from anice sell :(( 12:13 <RussellDaytrade> up target, to 798 in an hour or so 12:14 unless lows at taken out, of course. if price remains within -.5 of the lows, on any retest, especially if it occurs 'early' into the life-cycle of expected move, then targets still on, and it provides a secondary entry long. same goes for down setups, in inverse. its looking like a retest to me, thus far. 12:26 <NihabaAshi> I'm lowering my time frame back to normal...not getting anywhere with the higher time frame. 12:32 Exited 1/4 ER2 Long @ 796.00 --> + 0.4 Will keep adding in the s/r zone until we make a new intraday low. 12:33 <pat12> geez niha this mkt is dead ..for an hour or so... 12:39 niha any thots on when to reverse or just your guts & pa tells u? 12:40 <NihabaAshi> I need volatility to tell me when to reverse prior to a stop being hit. 12:41 If volatility is dead...I let the stop get hit or rely on my pattern signals. <pat12> so in a L trade if WRB appers as red that is one situation to reverse? <NihabaAshi> No. <pat12> hmmm could u pl explain if possible.. 12:42 <NihabaAshi> Later <pat12> k np <NihabaAshi> It's been talked about many times in here...will explain again after I do an ADD. 12:43 <pat12> np niha when u have time .. 12:44 will write down this time ..& go over it ... <NihabaAshi> [12:40] <pat12> niha any thots on when to reverse or just your guts & pa tells u? 12:45 I do most of my trade reversals in the a.m. trading session...reversing positions prior to their stops being hit. The reason for reversing is that the price action has changed...usually related to a changed volatility. 12:46 If I do Long or Short on declining volatility and if the trade goes against me... 12:47 I don't want to see it goe against me on rising volatility. <pat12> i c... <NihabaAshi> If volatility does rise...I'm reversing my trade position. Just the same...if I'm Long or Short on rising volatility...I'm reversing my trade on declining volatility. <pat12> i c...thka 12:48 <NihabaAshi> Only if I'm at a loss. If I'm at a profit when volatility changes...I sit tight and take a watch and see approach. <pat12> yes ...only losing trades u switch I noticed that ... <NihabaAshi> I do most of my ADDs regardless if I'm at a loss or profits...in the afternoon trading session... 12:49 That's because I'm less dependendt upon volatility and more dependent upon pattern signals, s/r zones info. If I do an ADD in the a.m. there better be rising volatility... 12:50 <pat12> i c. <NihabaAshi> If I ADD when volatility isn't rising...I'll have a problematic trade. <pat12> yes .. <NihabaAshi> Some people like to ADD when things are quiet or calm. 12:51 I prefer the opposite. <pat12> i c. thks niha ... 12:52 will reflect on this again.. <NihabaAshi> Volatility of Pattern Signals rules my trading. Without both...I'm like a fish out of water. Long ER2 @ 795.50 -> Add 12:53 I don't have much room left for any ADDS if the market internals continue drifting downwards without any higher lows except for one. 12:55 <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) 12:56 <RussellDaytrade> possible support of intraday long trades in here from the satndpoint of 'market balance'. the market, as reflected by the er, has generally gone down for 3.5 hours today, thus far. i think a case case can be made for a 'balancing trade in the oppsite direction, at least for a period of time, and price, that helps to balnce the equation... 12:57 bear in mind, that that exist within the parameters of what i view as a down market over the coming weeks-to-months. ie, just an intraday trade, with a specific basis of backdrop, with a reasonably short life-cycle of perhaps as long as a couple of hours. 12:59 with a headwind to boot, intraday! seems like a reasonable balance objective may be in the 798-799 range, though that may be stretching it today. 13:01 <NihabaAshi> We have a price spike without any volatility... 13:05 Hopefully volatility shows up to push this a little higher. Exited 1/4 ER2 Long @ 796.40 --> + 0.9 13:08 <RussellDaytrade> with the recent 'arrivals' of bear-market-type spikes up, i think it is a reasonable expectation that an up-spike will visit the market at about this point in time. basically, another short gaffing. realtive to the past few days worth, the gaffings are diminishing, little by little, in intensity. we may be nearing a point where the market will extend towards a new, lower level down, bigger picture / days to a week or so 13:12 <NihabaAshi> I think I will go positive for the day with commissions included around the 797.40 price area. 13:21 Those profits on the ADDs helped a lot while maneuvering in the s/r zone. 13:22 <pat12> moving steadily up... <Chilly> maybe ER2 longs working on double test of bottom ... needs to clear 797.60 imho 13:23 right at yesterday's close now .. 796.30 13:27 <pat12> dang just fell....:( 13:32 <NihabaAshi> No volatility on that drop...I'm hoping it doesn't show up. Long ER2 @ 794.90 -> Add 13:34 <RussellDaytrade> move like that tells me the market is losing its punch even faster then i thought 13:35 <NihabaAshi> Exited all ER2 Long @ 794.20 --> - 3.6 13:36 <pat12> geez ...:( <NihabaAshi> Shorts ER2 @ 793.40 -> large size 13:39 Covered ER2 Short @ 793.70 --> - 0.3 13:41 Reverse and Enter Long ER2 @ 793.70 Hammer ER2 right back into the upper price area of that lower s/r zone I posted earlier :( 13:44 Exited all ER2 Long @ 794.80 --> + 1.1 13:46 Ooops... Exited all ER2 Long @ 793.80 --> + 0.1 I dumped that Hammer trade because my other server doesn't show a Hammer. 13:47 Long ER2 @ 794.00 -> large size 13:48 Long ER2 @ 794.20 -> Add 13:52 Exited 1/3 ER2 Long @ 795.00 --> + 0.8 13:53 I think I would need a 4-5 point move on the current position to get myself out of a hole for the day. 14:02 <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) 14:05 <RussellDaytrade> nq put in a triple bottom, stronger relative to er, and its last spike down was on slightly diminished vol, another leg down today may be shallow, and, marketr may ultimately (after all!!) end at higher values than where it currently stands, ie, 'the lows' = benn there, done that, so, if we ain't going htere, then we go up.. thats my guess. 14:07 <NihabaAshi> Exited all ER2 Long @ 796.00 --> + 2 14:11 <pat12> vn niha... <NihabaAshi> That's the worst of the bunch. I'm glad I didn't get too caught up if it was a Hammer or if it "was not" a Hammer. 14:12 Regardless, if it was or not...its still the same price action. <RussellDaytrade> i certainly admire your ability and agility to face the worst of it, and even to rapidly alter course of action, in the heat of battle. excellent trading characteristics and instincts. 14:13 <NihabaAshi> RussellDaytrade...I have a few trading days like this per month. 14:14 I kind'uv have grown to expect them and don't get too shaken up by them as long as I get my big 1-3 trading day's per month... everything else falls into place. 14:15 <RussellDaytrade> well, you stood toe-to-toe and threw some dammed good punches! <NihabaAshi> :) 14:16 Time for the "rope a dope" and make the market think I'm tired :) <RussellDaytrade> ok, back to updating my spreadsheets, thats the excitement for the day. <pat12> wel one niha ....sometimes loss makes me stop trading ...:( 14:17 <NihabaAshi> I finally took a look at my p/l statement... I'm down 2k even for the day. <pat12> geez ....:( <jperl> Anyone lose IB <NihabaAshi> That -2,000.00 is a weird number. <pat12> not here ... jp 14:18 <NihabaAshi> Will continue trading. <RussellDaytrade> still up here jp. <jperl> hmmm <RussellDaytrade> don't know waht difference it may make, i'm in fort collins colorado 14:19 <pat12> nice place rusel... <jperl> ok...just came back....was about to switch to backup broker 14:20 <pat12> university town? <RussellDaytrade> yes it is, especially after seattle, more sun, less rain/clouds. <codehead> fast crude pop not trading today, getting kitchen demo'd <pat12> housing expemsive? <RussellDaytrade> yes, lovely student body!, if i say so cheap if compared to boulder. 14:21 <NihabaAshi> Long ER2 @ 795.30 -> large size 14:22 <RussellDaytrade> jp, you still got quotes? need another set of #'s called out if you're in a trade, etc? <jperl> quotes are back 14:23 <NihabaAshi> Up my size...10 contraacts <RussellDaytrade> for reference, an additioanl telephone # for IB is 866 694 2757. i figure if things get real dicey during blackouts while in a trade, call two numbers on two phones, and see which is picked up first! 14:24 <NihabaAshi> Exited all ER2 Long @ 795.60 --> + 0.3 Long ER2 @ 795.00 -> large size 14:27 Exited ER2 Long @ 794.50 --> - 0.5 14:30 Reverse and Enter Short ER2 @ 794.50 Back in the s/r zone 14:33 ??? Covered ER2 Short @ 794.60 --> - 0.1 14:35 Reverse and Enter Long ER2 @ 794.60 Long ER2 @ 794.90 -> Add 14:36 I'm carrying a little too much risk on this trade...will unload. 14:37 Exited 1/2 ER2 Long @ 795.20 --> + 0.3 14:38 Come on...a few more ticks. 14:40 Exited Remainder ER2 Long @ 794.70 --> + 0.1 :( 14:41 I think I tighten my trail too soon on that. Long ER2 @ 795.50 -> large size 14:42 <eminitrader> Long ES @ 1424.75 14:47 <Chilly> shorts have had 3 nice swings down on ER 15m ..longs need to bend their trend now <jperl> ER2 at POC 795.60 14:50 <eminitrader> Exited all ES Long @ 1424.25 --> - 0.5 14:52 <RussellDaytrade> out for 30 minutes 14:53 <NihabaAshi> Long ER2 @ 795.20 -> Add 14:54 <eminitrader> one of my toughest trading days in 2006 the es i mean 14:56 <NihabaAshi> We are now in the bottom of the 7th... 14:57 Need a home run to tie the game :) Have 2 runners on base. <eminitrader> Long ES @ 1424 15:00 <pat12> geez to squeeze 2-3 ticks is tuff... 15:02 <NihabaAshi> Agree I'll put another runner on base if this drops to 795.00 again 15:03 <Chilly> Long ER2 @ 795.90 15:04 <eminitrader> niha - does this type of pa say anything abt mrkt behavior over the next few days <NihabaAshi> Exited 1/3 ER2 Long @ 795.70 --> + 0.5 Exited 1/3 ER2 Long @ 796.30 --> + 0.8 15:06 <eminitrader> Exited 1/2 ES Long @ 1425.50 --> + 1.5 <NihabaAshi> I'm green for the day at 796.30 but need (I think) a 797.30 to compensate for the commissions that's keeping me in the red overall. 15:08 <pat12> nice comeback niha ...:) <NihabaAshi> pat12, I'm running out of time...after 3:30pm est...things get a little scary. 15:09 <jperl> ER2 price action is now in the no mans land.... 15:10 <NihabaAshi> Tightning up my stop :( <pat12> looks like ...atleast covered your loss....that is a big plus.. <jperl> The region between the VWAP (796.53) and POC (795.40) scalp traders can take advantage of this region 15:11 <NihabaAshi> [10:49] <NihabaAshi> I have a key support zone between 792.90 - 790.20 and a key resistance zone between 798.00 - 796.00 If we can get back above that 796.00, I'll feel more at ease. 15:12 Between 795.00 - 792.90 has been a pain in the butt for me today. <jperl> here are today's trades for me... 15:16 http://charts.dacharts.com/2006-12-13/JP ERL_013.png on the low side of profitability <NihabaAshi> Trailing stop picked off again :( <eminitrader> Exited Remainder ES Long @ 1424.50 --> + 0.5 <NihabaAshi> Exited all ER2 Long @ 795.60 --> + 0.1 15:17 <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) <pat12> nice guys in this mess to make something ... <NihabaAshi> jperl...I would need to post 10 images to show every one of my trades today :) <pat12> niha pl post them here if u do so we can see them...ty 15:18 <jperl> yes...you took a lot of them..... I've been trying to control myself lately <NihabaAshi> I'll just post the normal statements that's posted at the website...just shows the end result and some last few trades along with what charts I was looking at. 15:19 <pat12> niha u mean at elitetrader.com? 15:20 <NihabaAshi> No...I don't post my statements at ET... <pat12> k...link toyour website? 15:21 <NihabaAshi> Here for example... http://www.thestrategylab.com/images/121106NihabaAshiPnLBlotterProfit.png <pat12> kty <NihabaAshi> Same image also posted at DaCharts.com http://charts.dacharts.com/ For example... 15:22 http://charts.dacharts.com/2006-12-12/121206NihabaAshiPnLBlotterProfit.png <pat12> kty niha <NihabaAshi> That's yesterday at Dacharts...not sure if I posted yesterday's results at TheSTrategyLab.com website. 15:23 <pat12> k will check... <NihabaAshi> Just checked...I did... http://www.thestrategylab.com/images/121206NihabaAshiPnLBlotterProfit.png <RussellDaytrade> you do all your trading off of one screen? and communicate at ther chatroom on hte same screen too? if so, now thats efficiency! 15:24 <NihabaAshi> It's a big wide screen setup with my laptop. I also have two desktops setup for trading but currently not in the mood to use them due to the lack of portability. 15:25 I'll use them when I have some data problems because my "monitoring of the ISPs and broker servers" is setup on my desktops and not my laptop. I'm within striking distance to try and get profitable for the day... 15:27 <RussellDaytrade> i want to ultimately utilize a projection system on the wall, or something big, (prolong having to wear glasses another decade!) <NihabaAshi> Currently taking a break from trading to rethink some things. <RussellDaytrade> that nq seems like it wants to hold the line today. 15:28 <NihabaAshi> RD...someone at ET uses a projection screen...saids he likes it alot. Feels like star wars or something. Long ER2 @ 795.30 -> small size 15:29 <RussellDaytrade> yeah, have seen a video of someone that also uses one, years ago, his charts are about 4-5 feet wide bt 3.5 feel tall <NihabaAshi> Oh oh...volatility just dried up. 15:32 Expecting a volatility spike. <RussellDaytrade> i think the nq's gonna lift 15:33 <eminitrader> Long ES @ 1425.50 <RussellDaytrade> that range in nq the past 45 minutes has to be the tighest dollar range fopr that long in weeks 15:34 <NihabaAshi> Exited all ER2 Long @ 796.10 --> + 0.8 Sponsor: <RussellDaytrade> bulls got a little advantage here if they wanna use it 15:36 <NihabaAshi> Long ER2 @ 796.20 -> large size Taking high risk trade with some size. <pdays> thats right in the middle of my res zone 15:37 <eminitrader> Exited 1/2 ES Long @ 1427 --> + 1.5 15:38 <NihabaAshi> Exited 1/3 ER2 Long @ 796.60 --> + 0.4 Exited 1/3 ER2 Long @ 796.60 --> + 0.4 15:39 If it can stay above that 796.00...I have a chance. 15:41 <eminitrader> Exited Remainder ES Long @ 1426.50 --> + 1 <NihabaAshi> Long ER2 @ 796.00 -> Add 15:43 <RussellDaytrade> i'd say you made lemonade outta lemons today, close enough, you get to go to the playoffs <eminitrader> see u all 15:44 <NihabaAshi> I'm still holding a 4 contract position here. 15:45 Will consider dumping it around 796.50 15:46 <RussellDaytrade> feeling a little pressure? reminds me of something, a saying....can;t think of it right now... lost my feel just now, can't read the market in here... 15:47 feel it may reced back into range. <NihabaAshi> I consider anything after 3:30pm est like
