#FuturesTrades December 29th 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.
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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No trading today for me and to read my end of the year commentary...click here.
However, I did record today's #FuturesTrades chat log and its posted below.
Wish all a Happy New Year 2007.
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 29 09:22:33 2006Session Ident: #futurestrades * Now 09:22 <pat255> gm all... 09:32 <pat255> folks cleaning their positions.. <tomis170> t <Brutus> Thx RD, watch out for a possible late afternoon sell today. 09:45 <NihabaAshi> Should be a very low volatility trading day because many traders have taken the day off. Including me...just here to do some heavy duty website work. 09:46 <RussellDaytrade> i was thinking it may gather itself going into the close, perhaps a slight positive, or at least a shallow selloff. 09:47 <RussellDaytrade> NYSE to close on Tues due to Ford burial ceremony, according to cnbc quote 09:49 <RussellDaytrade> verified it on nyse.com 09:50 <Brutus> 9:47 (Dow Jones) CME and CBOT continue to mull over their plans for Tuesday, even though NYSE and Nasdaq exchanges will be closed that day in tribute to the late President Ford. Exchanges will be closed Monday for New Year's Day, so a shut-down on Tuesday would create an unusual four-day break in trading. (HLP) 09:56 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) <ItalianSharp> i guess we might be seeing low volatility again on tuesday if both nasdaq and nyse are closed 09:57 <RussellDaytrade> i think the cme will follow suit 09:58 <ItalianSharp> that would totally suck if we had to start the new year on wednesday <Brutus> CBOT cofimed close Jan 2nd 09:59 <ItalianSharp> damn...no trading on tuesday...:( 10:00 <ItalianSharp> we are gonna have to start off the new year on a short week... <ItalianSharp> i am expecting a highly volatile wednesday at this point...with all traders pumped up and the FOMC minutes on line 10:01 <ItalianSharp> on the line <Brutus> Just like last year? :) <pat255> yes ..sharp <ItalianSharp> are the markets now rallying in the light of this announcement? 10:03 <ItalianSharp> no trading on tuesday...lets buy today then! <ItalianSharp> gotta love trading psychology <ItalianSharp> looks like the short rally came to a halt now 10:05 <Brutus> Correction CBOE not CBOT - 10:00 (Dow Jones) Both the Chicago Board Options Exchange and American Stock Exchange have now said they will also close Tuesday in honor of President Gerald Ford. (MHX) 10:20 * codehead_afk is now known as codehead 10:55 <RussellDaytrade> Brut, curious what your thinking is regarding afternoon selling today. 11:27 <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) 11:38 <Brutus> Just from what happened last year. Also if the plan is for new highs in the new year then the late sell gives a nice long setup. The market has a tendancy to react sharply opposite to the price action in the leadup to new years. Does not seem to be a clear direction towards the end of Dec, so as I am anticipating new highs I am looking for the late sell. 11:41 <RussellDaytrade> ok, i thought perhaps it was more specific to today, for example, the first few minutes trading being down on volume, and how that might set the tone for the day's close, or something along those lines. 11:45 <codehead> crude nice recovery 12:20 <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) 12:50 <RussellDaytrade> possible up target setup, up 3-3.5 from lows in about 50 minutes from lows 13:47 <RussellDaytrade> Long ER2 @ 798 «« paper »» 14:10 i'm about ready to ban all long trades 14:24 <pdays> not a good day to trade any direction 14:31 <ItalianSharp> wow...late selloff before new years ER2 should settle down around 794 14:32 this late downmove in ER2 sets up very good bullish opportunities for early trading in 2007. 14:37 i am gonna go cook some dinner...congrats to anyone who was gutsy enough to participate in this late selloff....the short side offered a great opportunity to make some cash on this last trading day of the year 14:43 by the way, happy new year to everyone and see you all next wednesday since it looks like trading will be suspended for tuesday ford's memorial services 14:45 <RussellDaytrade> have a great new years all <codehead> long ER 794.90 <paper> 14:52 potential bounce... either that or it rolls over again <Brutus> Do I get a third option? :) 14:54 <codehead> hehe well, signal is at trigger for either rolling back over witht he trend, or breaking it <RussellDaytrade> another good call Brut. <codehead> so, the third option is it just sits here, and i don't think that will happen <Brutus> What signals are you using CH? 14:55 <RussellDaytrade> other market holding fairly well, looks like the hit was mostly in the er, nq positive <codehead> looking at cci here <Brutus> Hard to tell RD but ES could still have a sell into the close, ER may have just been 'positioning' 14:57 NQ +ve but Naz is down 6 14:59 <RussellDaytrade> seems like it could crawl outta the well to about 796.5-97 before the close 15:00 with a little help, that is think Saddam will get 'jerked to Jesus' this weekend? 15:02 <Brutus> We will have the Saddam Rally, Allah be merciful. 15:03 <RussellDaytrade> might be a 'kicker' to a fund-flows rally. 15:04 <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) 15:11 <Brutus> Lets watch 15:30 closely 15:13 <RussellDaytrade> is that what you were expectin? 15:30 <Brutus> No I expected my PnL to be 5K green 15:31 :) <RussellDaytrade> one day it wil be. <codehead> exit ER +0.40 <paper> 15:41 lost track of that, doing real trading when mkt dumped 15:42 suspected we'd bounce that dump tho 15:43 doh, ER finally got to target 15:44 <RussellDaytrade> some snow shovelling will provide some welcome physical outlet for me, another 8+ inches new... 15:59 <Brutus> Go long RD for the new Year <RussellDaytrade> have a great new years everybody, see you next year <Brutus> Have a good new years everyone 16:00 <RussellDaytrade> ok Brut, if no horrible news over the weekend, there will be a relief rally, etc <codehead> wow nutty action got a few ticks but sheesh i'd click in on some and put in a sell for 6 ticks or so a second later and it would fill as soon as i clicked 16:01 <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) 16:20 * DisconnectedSession Close: Fri Dec 29 18:30:46 2006 18:30
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