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#FuturesTrades December 22nd Friday 2006 Trade Log

#FuturesTrades is a private and free realtime trading posting chat room on the IRC Othernet server that allows traders from all over the world to communicate.

Click here for the instructions on gaining access to #FuturesTrades.

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.

Fee-based clients of TheStrategyLab.com strategies use the private IRC rooms called #TheStrategyLab and #SwingTradingTSL.

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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Merry Christmas and Safe Holidays  

Profit/Loss Blotter

Today was one of my best trading day's all year because of the preparation and results.

I'll let you read the chat log below and Merry Christmas everybody.

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.com

Note: 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 22 09:26:34 2006Session Ident: #futurestrades
* Now  #FuturesTrades purpose and benefits...click here. 09:26
<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<NihabaAshi> I'm bearish at the Open.09:27
<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)
<Brutus> Morning, is today a full trading day?
<RussellDaytrade> yes, monday closed
<NihabaAshi> I'm not sure but I know I'm only going to do a few trades and then go do some more Xmas shopping.09:28
<Brutus> TRading day before Xmas is generally bullish right?
<NihabaAshi> Yes...that's the sentiment.
<PapaJon> gm all09:29
<RussellDaytrade> you still got a link to that site, what's it called, 'chartoftheday'?
<eminitrader> morn all
<pat255> gm all...

right guys make some money & blow it on Xmas gifts ..

just dont lose any ...09:30

:)
<NihabaAshi>  Shorts ER2 @ 787.90 -> large size
Shorts ER2 @ 788.30 -> Add 09:31
I'm loaded.
Trying to hit the market hard in my first 1-2 trades.
This needs to drop soon because my bias is changing from bearish to neutral.09:35
Covered 2/3 ER2 Short @ 786.90 --> + 1.4 09:36
<pat255> vn niha ...09:38
<NihabaAshi> Market Breadth info like the AD Lines trying to close the GAP they created.
When they do...will dump some more.
Covered ER2 Short @ 786.40 --> + 1.5 09:39
Holding 3 contracts.
<szubaark-away>  Shorts NQ @ 1778.50 «« paper »»
<les>  Shorts ER2 @ 785.9 09:41
<NihabaAshi>  Covered ER2 Short @ 785.70 --> + 2.2

Holding 2 contracts.

Covered ER2 Short @ 784.80 --> + 3.1

Holding 1 contract.09:42
<les>  Covered all ER2 Short @ 784.8 --> + 1.1
<szubaark-away>  Covered all Short NQ at 1774 --> + 4.5 «« paper »»

Finally i got some followthru on a opening trade09:43
<NihabaAshi>  Covered Remainder ER2 Short @ 783.70 --> + 4.2
   
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<pat255> vvn
<eminitrader> happy shopping niha :))
<NihabaAshi> :)

I exploited a trading stat about my trading...09:44

After a very tough trading day...I usually have a very good trading day the next trading day.09:45

I more eager to trade and more prepared to trade...

Good time to increase the contracts.
<AmazingJason>  Long ER2 @ 784.4 -> small size 09:46
<pat255> geez i do the opposite ...

dang ..gotta change
<szubaark-away> This month is December Ive had 3-4 Losing days in a row due to the Chop :((
<NihabaAshi> pat255, only if your stats support such.
<AmazingJason>  Exited 1/2 ER2 Long @ 785.90 --> + 1.5
<NihabaAshi> Had my stats showed my trading is just normal after a bad trading day...my position size will not increase.09:47
<AmazingJason>  Exited 1/4 ER2 Long @ 786.20 --> + 1.8 09:51
holding 1 more, BE stop09:53
think I shoulda kept more09:54
<Chilly> consumer sentiment number coming at 10 est, fwiw09:56
<AmazingJason> ER2 at 2 min MA, see if we get some support or turnback09:58
20 MA*
Exited Remainder ER2 Long @ 787.60 --> + 3.2 10:01
<Chilly> nice work AJ10:02
<AmazingJason> ok that's my trade of the trade, now in protection mode :)
trade of the day*
<pat255> vn10:03
<yo> gm all
<eminitrader> nice work AJ
<AmazingJason> thanx
i'm lucky I got a good push out of ER210:04
<les>  Shorts ER2 @ 785.9
<AmazingJason> ES/YM didn't really push that much10:05
5 min looks like ER2 could do another push10:06
push up that is....YM's showing some divergence10:07
<les>  Covered all ER2 Short @ 787.9 --> - 2

ugh
<AmazingJason> ES perhaps setting up a move and push through 20 MA on 2-min
ES looks like it wants to go up10:10
<NihabaAshi> So far, YM and ES are the weaker ones in comparison to the bounce off the lows of the others.10:13
<AmazingJason> ES trying to push here10:20
<szubaark-away>  Buys NQ @ 1783 «« paper »» 10:23

ER doing its own thing10:24
<pat255> am trades were the best ...10:26
<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)10:39
<pat255> u plot a/d issues on chart?10:42
sorry was asking niha?
k will check later ..10:44
<NihabaAshi> pat255...different data vendors have different ways of showing A/D issues.10:48

Some shows it as if its an indicator like a RSI line (example only) or something.10:49

Others show it as it really is...

An Index.
<pat255> yes i have #s but no wy to plot them..
but good to keep in mind tho..
<NihabaAshi> Thus, the ones that shows it as an Index you can chart it like the S&P 500 Index (example only).10:50
<pat255> will look into that ..
what gave you the setup this am on that S? ifu have a sec
<NihabaAshi> Others show it as a Line Chart only while others can show it as either a Bar Chart or Candlestick Chart.10:51
<pat255> but u are looking adv/dec issues? right10:52
<NihabaAshi> I look at them every day along with many other Market Breadth info.
<pat255> was the am trade based on this adv/dec issues?10:53
ty niha ...got to run to office ...ty10:56
c u all next week ..wish u all happy Xmas & holidays ..
<NihabaAshi> [10:53] <pat255> was the am trade based on this adv/dec issues?10:59

The trade was based on that and the price action of many other things (Eurex futures, Euronext futures, U.S. Dollar and Eurodollar).11:00

I'm going to do some last minute Xmas shopping...

If I'm not back in time...

Merry Christmas all.

Have a safe one too.11:01
<asuni> U TOO NIHA
* NihabaAshi is now known as NihabaAshi_away
<PapaJon> I am leaving too... so... Merry Christmas to all ..11:04
  
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* PapaJon is now known as PapaJon_afk
<asuni> MERRY CHRISTMAS to all, cu next days11:05
<Brutus> 22 Dec 2006 11:01 EST *DJ 19 Americans Were Killed In Attack On Base In Saudi Arabia11:06
<Chilly> yikes
<RussellDaytrade> things will only become worse over there...

i am amazed at the lack of foresight in the market to reflect deteriorating conditions... a selling opportunity in my view...11:08
<Brutus> Market going down on the news11:10
<RussellDaytrade> i had a dream this am, prices were scrolling down so fast, they actually went off the charts!, to the downside. then, just as fast, they scrolled up and thru the top. astounding...
<Brutus> You had that dream to? wow11:11
<RussellDaytrade> in the dream, someone was working on my computer, while it wsa occuring.

our minds must be linked through this site!11:12
* codehead_afk is now known as codehead11:22
<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)11:51
<szubaark-away>  Exited all Long NQ at 1772 --> - 11 «« paper »» 12:00
:((
* szubaark-away is now known as szubaark_AWAY
<Brutus> Isnt today meant to be bullish ??? :)12:01
<RussellDaytrade> they already hit the stops at 785 bigtime, this'll likley hold
<szubaark_AWAY> yeah..that means you gotta do the OPPOSITE :))12:02
<RussellDaytrade> or shallow penetration it breaks 785
<szubaark_AWAY> this is their BOTS doing Controlled,Timed selling
i know i got to come back in 07 with Better,Improved Strategies or ill be in the Unemployment Line :((12:03
<RussellDaytrade> this deep a selloff may not bode well, reflections of troubled wters elsewhre may be beggining to haunt us markets12:04
<Brutus> Yeah RD even GS is trading at 196 it could not hold 200 and Goog 45312:05
<RussellDaytrade> overall, i guess i am mostly expressing a sense that a growing sense of uneasiness may (finally) be entering the market, even in this normally happy season. the recent trading dynamics have provided a fairly steady stream of selling ops, (with retracements occuring usually htat same day) and that may continue...12:09

i think the better odds are for selling into spikes up (what was i thinking going long yesterday, even on paper)12:10
<Brutus> Yes RD I think this is the slow distribution but an looking for new highs in Jan
Take out 1450 onthe SP and eveyone will think 1500 is next12:12
<RussellDaytrade> will be good sellin op whenever it occurs. feels like its already rolled, not strongly inclined for new highs, may happen, if so, will likely be fast, almost violent in nature.12:13
<Brutus> violent, yes12:14
<RussellDaytrade> Got the files12:17

oops, wrong keyboard
<ItalianSharp> hello everyone...wish a merry christmas to all of you fellow traders and may god bring health, happiness and lots of ticks as presents12:33
<RussellDaytrade> thank you, wishing you and all a happy holiday season.12:35
<Brutus> Merry Christmas IS all the best12:37
<grenoblois> Bonnes fetes à toutes et tous JOYEUX NOEL12:44
<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)13:03
<Chilly> have a very blessed holiday folks, c ya.13:14
<yo> reboot13:46
<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)14:12
<Brutus> Some rules from Scientist on ET with some interesting points What is my personal advice then? OK, it doesn't count much but this is what I'd do (and do now) as a day trader:14:49
Did my last post appear, on Scientist?14:57
<RussellDaytrade>  not yet
<Brutus> Rules from Scirntist on ET What is my personal advice then? OK, it doesn't count much but this is what I'd do (and do now) as a day trader:
<RussellDaytrade> i think that guy's in Sydney, in case you wanna call him14:58
<Brutus>  is naked price, volume and occassional S&R tools, i.e. support lines or sth, that's it.Indicators do nothing but clog up charts and bias your decision, on top of that lagging. The past is completely irrelevant. Avoid them like the pest. In the very end of it all, even charts don't matter. Then all that matters is T&S / the tape.15:03
Can you see the first part?
<RussellDaytrade> i read some of his posts, a month or so ago, i think he set up in Sydney, maybe he's just down the street from you.15:04
<Brutus> No dont know what hes up to now, was setting up some business in hes last post.15:05
<RussellDaytrade> amy be worth tracking him down, if he is relatively nearby15:06
<Brutus> I think these successful guys get hounded enough. They are not going to give out their hard earned knowlege to anyone.15:07
  
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<RussellDaytrade> all i see is whats posted at 13:03, (my time)...."is naked price, volume"...if there was some more prior to that, it didn't post.15:08

true, but he may be hiring!

can always look up on ET if you recall the date of post15:10
<Brutus> !st part :)15:11
<RussellDaytrade> looks like they're emarging from the cellar, mitigate the damage a little.
<Brutus> Yes was a hold until the close long15:12
<RussellDaytrade> looks like the grinch showed back up15:22
<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)15:24
<Brutus> Have a good Christmas everyone, cu Tuesday16:06
* DisconnectedSession Close: Fri Dec 21 16:19:40 200619:13
  

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#FuturesTrades past logs can be searched via using Google. For example, pretend you want to research what has been said about volatility analysis. Go to the Google search window below and type in "volatility analysis" site:thestrategylab.com (exactly as I typed it including the quotation marks) and you will find everything associated with those key words that were used by any member of  #FuturesTrades.

  

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In addition, below are the trading instruments our chat room members monitor closely to make trade decisions:  

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CBOT mini-sized Dow Futures YM

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CME Futures EuroFX EC

Treasury Futures T-Notes ZN, ZF and T-Bonds ZB

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Last of all, if you have any questions about either #EminiFutures general market chat room, #FuturesTrades realtime trade posting room or the two realtime strategy discussion rooms used by traders with access to our fee-based strategies called #TheStrategyLab and #SwingTradingTSL...

Don't hesitate to ask your questions and we'll reply back as soon as possible.

Sincerely,

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TheStrategyLab.com

questions@thestrategylab.com

"The point of this whole exercise is to make money. Everything else is just conversation." --Jonathan Hoenig


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