#FuturesTrades trade log for traders - CBOT, CME, EUREX, EURONEXT, NYMEX, COMEX and FOREX

March Trade Log

Trade Strategies

Discussion Forum

Music While Trading

Testimonials

Disclaimer

#FuturesTrades March 27th Tuesday 2007 Trade Log

#FuturesTrades is a private and free real-time price action trading 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 to be among profitable traders that fulltime or part-time as day traders, swing traders or position traders.

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.

Therefore, do not use #FuturesTrades to judge the merits of TheStrategyLab.com strategies due to the fact that members of #FuturesTrades are using their own trade methodology.

Fee-based clients of TheStrategyLab.com strategies use the private IRC rooms called #TheStrategyLab, #SwingTradingTSL or their own private chat room to post their trades with commentary.

Further, you'll find below the #FuturesTrades chat room text log of realtime trades (real money and simulator) to be timestamp to help correlate the trades with your charts and the 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.

Trader's

Books

Videos

DVD

VHS

PAL

Audio

Click Here

Russell 2000 Emini ER2 Futures

Today Month Year

+16.90 +317.40 +904.00

$1,690 $31,740 $90,400

Key Price Action in the Overnight Trading Session

Profit/Loss Statement

I will often use the price action info from the overnight trading session to make decisions about trades that occur soon after 0930am est.

Simply, we should review our charts and the charts of other key markets that trade in the overnight trading session to see if there's any unusual price activity.

If there is, there's a good chance it will have influence on the price action soon after 0930am est.

Thus, today's profits were directly related to the price action analysis of the overnight trading session.

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 produce big price movement as the result of other key trading instruments in its own market or within other markets (intermarket analysis).
You can view the charts and a few clues that's associated with the key price action at our key market archives.


#FuturesTrades purpose, benefits and access info...click here.

Session Start: Tue Mar 27 09:29:30 2007Session Ident: #futurestrades

* Now talking in #futurestrades 09:29

<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm

<PapaJon> gm all 09:30

<NihabaAshi> Shorts ER2 @ 812.30 -> large size 09:32

<RussellDaytrade> Covered all ER2 Short @ 811.7 --> + 1.1 «« paper »»

<eminitrader> Long ES @ 1441.50 09:33

<NihabaAshi> Covered 2/3 ER2 Short @ 811.00 --> + 1.3

<WannaBeBOS> nice hit niha 09:37

<Chilly> Long ES @ 1442.00 «« paper »»

<DevilDog> GM all 09:45

<eminitrader> Exited 1/3 ES Long @ 1442.50 --> + 1 09:46

<NihabaAshi> Key Economic Report Alert at 10am est http://fidweek.econoday.com/reports/US/E N/New_York/consumer_confidence/year/2007 /yearly/03/index.html 09:47

<szubaark> Buys NQ @ 1815.50 «« paper »»

exit stop set NQ @ 1815.50 «« paper »» 09:50

<RussellDaytrade> Long ER2 @ 810.8 «« paper »»

<szubaark> Hopefully my Stop wont get picked before the 10am Report 09:51

<eminitrader> looks like a tight on given the volatitlity on nq

<Chilly> Exited 1/4 ES Long @ 1443.25 --> + 1.25 «« paper »» 09:52

<szubaark> Exited all Long NQ at 1815.50 --> 0 «« paper »» 09:53

<eminitrader> Exited 1/3 ES Long @ 1442.50 --> + 1

<RussellDaytrade> Exited all ER2 Long @ 811 --> + 0.2 «« paper »» 09:54

Trading Edge:
Strategies
If your an independent trader looking for an edge to help you traverse around obstacles to profitable trading...a method that's well defined, gives you a better understanding of the markets, applicable for day trading, position trading, swing trading, market seasonal tendencies, position size management with a money back guaranteed policy...click here.

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)

<Chilly> Exited Remainder ES Long @ 1442.00 --> 0 «« paper »»

<ItalianSharp> Long YM @ 12503

that was a test

<eminitrader> Exited Remainder ES Long @ 1442 --> + 0.5

<RussellDaytrade> trade error, entered a sell MIT order at 810, and it filled at 811. 09:55

<szubaark> Buys NQ @ 1815 «« paper »»

exit stop set NQ @ 1813 «« paper »»

<NihabaAshi> Covered ER2 Short @ 809.80 --> + 2.5 09:56

Holding 1 contract

<ItalianSharp> Shorts YM @ 12500

<eminitrader> Long ES @ 1441.50 09:57

<RussellDaytrade> Long ER2 @ 810.3 «« paper »»

<szubaark> Exited all Long NQ at 1813 --> - 2 «« paper »» 10:00

Buys NQ @ 1815.50 «« paper »»

<RussellDaytrade> Exited all ER2 Long @ 809.8 --> - 0.5 «« paper »»

<NihabaAshi> That little pop back to the upside is a warning to take profits when you have them :(

<szubaark> Exited all Long NQ at 1812 --> - 3.5 «« paper »» 10:01

Shorts NQ @ 1812 «« paper »»

<eminitrader> Exited ES Long @ 1440 --> - 1.5

Reverse and Enter Short ES @ 1440

<Brutus> Long ES @ 1414.25 «« paper »» 10:03

<eminitrader> Covered ES Short @ 1441 --> - 1

Reverse and Enter Long ES @ 1441

<Brutus> exit stop set ES @ 1439.25 «« paper »»

<NihabaAshi> Had the Oil markets participated in the drop like the other key markets...we would be much lower in price in comparison to current levels. 10:04

<Chilly> Long ES @ 1441.75 «« paper »»

<szubaark> Covered all Short NQ at 1815.75 --> - 3.75 «« paper »»

:((

Buys NQ @ 1815.75 «« paper »»

<RussellDaytrade> Long ER2 @ 809.8 «« paper »» 10:05

missed my add by a tick er two 10:06

<Brutus> exit stop set ES @ 1438.5 «« paper »» 10:07

<eminitrader> Exited ES Long @ 1441.25 --> + 0.25

Reverse and Enter Short ES @ 1441.25

<RussellDaytrade> t = 811.8, unless mkt goes another level lower 10:08

<eminitrader> Covered 1/3 ES Short @ 1440.25 --> + 1

<RussellDaytrade> Long ER2 @ 809 -> Add «« paper »»

<Chilly> Exited all ES Long @ 1439.75 --> - 2 «« paper »» 10:10

<eminitrader> Covered 1/3 ES Short @ 1438.25 --> + 3

<Brutus> Exited ES Long @ 1438.5 --> + 24.25 «« paper »»

<eminitrader> Covered ES Short @ 1439.25 --> + 2 10:11

Reverse and Enter Long ES @ 1439.25

<NihabaAshi> ER2 keeps testing that key s/r zone between 808.60 - 807.50 10:12

<jperl> 1 week VWAP 808.51

<NihabaAshi> Doesn't look like right now I'm going to be able to capture a 807.50 exit... 10:13

<eminitrader> Long ES @ 1438.25 -> Add 10:14

<RussellDaytrade> best buy point of the day right now 10:15

<Chilly> Long ES @ 1439.50 «« paper »»

<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) 10:17

<Chilly> Exited 1/3 ES Long @ 1440.50 --> + 1 «« paper »» 10:18

<eminitrader> Exited 1/2 ES Long @ 1440.25 --> + 2

Exited 1/3 ES Long @ 1439.75 --> + 0.5 10:20

<RussellDaytrade> er yet to lift

<Chilly> Exited Remainder ES Long @ 1439.75 --> + 0.25 «« paper »» 10:21

<RussellDaytrade> Exited all ER2 Long @ 809 --> - 0.8 «« paper »»

<eminitrader> Exited Remainder ES Long @ 1439.25 --> 0

<NihabaAshi> ER2 volatility is contracting (declining)...I'm expecting a volatility spike here soon. 10:22

<eminitrader> Long ES @ 1438.25 10:23

<NihabaAshi> Hopefully in the direction of my trade.

<RussellDaytrade> Long ER2 @ 809.3 «« paper »»

<Chilly> Long ES @ 1440.25 «« paper »» 10:24

<eminitrader> Exited 1/2 ES Long @ 1440.25 --> + 2

<Chilly> super nice entry EMT

<eminitrader> just playing support scals.. 10:25

<Chilly> meaning LOD in this case?

<eminitrader> while looking for a good sell entry

<RussellDaytrade> es livelier then er today, within a two point range anyways

<NihabaAshi> We still have three key s/r zones above current levels... 10:26

<eminitrader> yep....and yest..key support area...so likely chop around here before breaking down

<NihabaAshi> I'm expecting ER2 to test at least the most recent s/r zone above current levels. 10:27

Hopefully later instead of now.

<RussellDaytrade> whats the price range on that s/r zone?

<NihabaAshi> 813.00 - 811.70 10:28

<eminitrader> Exited 1/3 ES Long @ 1439.25 --> + 1 10:29

Exited Remainder ES Long @ 1438.25 --> 0 10:30

<jperl> ER2 VWAP 809.89

weekly VWAP 808.51

<RussellDaytrade> ok, i still have an 811.8 t working, though it ain't as bouncy as it normally is

<jperl> Today's peak volume 809.21 10:31

<Chilly> Exited all ES Long @ 1439.25 --> - 1 «« paper »»

<eminitrader> missed a good sell...meaning no set-up .:((..but scalped some anyways

<Chilly> late post .. doing laundry 10:32

<RussellDaytrade> Exited all ER2 Long @ 808 --> - 1.3 «« paper »»

<NihabaAshi> Covered Remainder ER2 Short @ 808.40 --> + 3.9

<Chilly> b/e on day .. gak

<eminitrader> nice one niha 10:33

and u held it more than normal time ...

<NihabaAshi> Shorts ER2 @ 808.50 -> small size 10:34

1 contract only...I'm in profit protection mode. 10:35

<Chilly> Long ES @ 1439.25 «« paper »» 10:36

<RussellDaytrade> Long ER2 @ 808.7 «« paper »»

<Chilly> Exited 1/3 ES Long @ 1440.25 --> + 1 «« paper »» 10:38

<NihabaAshi> Covered ER2 Short @ 809.00 --> - 0.5

Reverse and Enter Long ER2 @ 809.00

<jperl> Market in a congestion area between today's VWAP and Weekly VWAP... 10:40

808.51 to 809.72 10:41

Only one trade this morning....

http://charts.dacharts.com/2007-03-27/JP ERL_019.png

<NihabaAshi> Exited ER2 Long @ 809.70 --> + 0.7 10:42

I'm done for the trading day. 10:43

<pat255> might as well...narrow range .. 10:44

still @office these days ...:(

<Chilly> Exited 1/3 ES Long @ 1440.25 --> + 1 «« paper »» 10:45

<eminitrader> Shorts ES @ 1440 10:50

Covered all ES Short @ 1441 --> - 1 10:52

<Chilly> exit stop set ES @ 1439.25 «« paper »»

<ItalianSharp> Long YM @ 12500 10:53

* Looking up ItalianSharp user info... 10:55

<RussellDaytrade> very unlikely to fulfill today, bigger t = 816.48 10:56

<szubaark> Exited all Long NQ at 1813.50 --> - 2.25 «« paper »»

had enough of watching this chop crap. 10 AM news produced NO VOLATILITY.

<ItalianSharp> Long YM @ 12222 10:58

<eminitrader> Shorts ES @ 1441 11:00

<NihabaAshi> Doing a test trade with my script for a possible coding problem...

<Fleneer> taketheprofit... 40.25 the .382 support IMO 11:01

<eminitrader> Covered 1/2 ES Short @ 1439.50 --> + 1.5 11:02

<Fleneer> you trade the Fib retrace 44.00 to 37.50 to .618 41.75? 11:03

<NihabaAshi> Long ER2 @ 950.00 -> small size «« testing »» 11:04

<Chilly> Trailing Stop Hit ES @ 1439.25 --> 0 «« paper »»

<Fleneer> nice call. I looked at it and passed thinking the pivot still inplay.

<eminitrader> yep..

problem is during this time of the day...too much noise for the set-up to work...given my tight stops 11:05

<NihabaAshi> Shorts ER2 @ 550.00 -> small size «« testing »» 11:06

<Fleneer> confluence was the broader Fib 42.00 is the .382 of 49.25 to 37.50

so not a bad place to short. But I don't trade the mid day much. I watch a lot. 11:07

<eminitrader> actualy i took these last two trades based on confluence with the globex

<NihabaAshi> Long ER2 @ 950.00 -> small size «« testing »» 11:08

<eminitrader> had sells @ 42.25 and 43.50 based on what u mention 11:09

<NihabaAshi> Shorts ER2 @ 950.00 -> small size «« testing »» 11:10

<pat255> hmm what u mean em ...globex...are we trading globex futs?

<eminitrader> mean overnight chart pat 11:11

<pat255> ah ha ...k it is the overnite session high/low?

<eminitrader> yep

<pat255> ty 11:12

<RussellDaytrade> interesting day, both my patience and impatience are working against me today, or so it seems, gotta love it. 11:15

<jperl> ER2 spread is only 10 ticks.... 11:16

not much for my type of trading

<RussellDaytrade> Exited all ER2 Long @ 808.6 --> - 0.1 «« paper »»

<NihabaAshi> Shorts ER2 @ 950.00 -> small size «« testing »»

<RussellDaytrade> good day for quick(er) pft taking, tight see-sawing, the past hour or so. may be about time for a change in trading dynamic, throw traders off the scent. 11:19

i smell 805 11:21

<eminitrader> Covered 1/3 ES Short @ 1437.75 --> + 3.25 11:23

<pat255> vn em ..:)

<eminitrader> thx pat

<NihabaAshi> Covered ER2 Short @ 549.80 --> + 400.2 «« testing »» 11:25

<ItalianSharp> Long YM @ 12000 «« testing »»

<NihabaAshi> Ok...I'm done testing.

<RussellDaytrade> i'll be! my worked suggested a dn t of 807.6 from the 815.5 setup late yerterday... that up t of 816.48 is no longer valid, t is now 815.1, though still very unlikely to fulfill today. 11:26

<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)

<RussellDaytrade> Long ER2 @ 807.1 «« paper »» 11:27

will build a long if drops more

t = 810.2 or so 11:28

missed my first add by a tick, :) 11:32

<eminitrader> Covered Remainder ES Short @ 1438 --> + 3 11:35

<Fleneer> ES Fibs 41.75 to 36.00 then .382 = 38.25 .618 = 39.50 11:36

could be more down 38.00 here

<eminitrader> was expecting 36 ...missed the limit by a tick :( 11:37

tape hit 36 but no fill .. 11:38

<Chilly> Long ES @ 1438.75 «« paper »» 11:43

<RussellDaytrade> Exited all ER2 Long @ 808.4 --> + 1.3 «« paper »» 11:48

<Chilly> Exited 1/3 ES Long @ 1439.75 --> + 1 «« paper »» 11:51

<pat255> k guys back to work ty all.. 11:52

<Chilly> Exited 1/3 ES Long @ 1440.00 --> + 1.25 «« paper »» 12:18

<RussellDaytrade> Long ER2 @ 808 «« paper »» 12:22

<Brutus> 0830 Wed - US Feb Durable Goods Orders Seen +3.5% 12:31

Some be a big mover imo 12:32

<eminitrader> Shorts ES @ 1440.75 12:35

<Brutus> Shorts ES @ 1440.75 «« paper »»

<RussellDaytrade> bernanke tomorrow, maybe he utters something that gives mkt reason to take back (the rest of) that spike up from the rate release 12:37

<Brutus> 1 sec between postings EMT :)

<eminitrader> :) 12:38

actaully i had a sell @ 41.50...reduced size there and got a part in @ 40.75

<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)

<RussellDaytrade> Exited all ER2 Long @ 808.7 --> + 0.7 «« paper »»

missed my exit 12:39

<Brutus> I'm thinking new loes this PM, maybe even take out yest low

lows

<RussellDaytrade> we already took out yes lows, in the er 12:40

<eminitrader> if 42 is taken out may be tough

for new lows

<Chilly> Exited 1/3 ES Long @ 1441.00 --> + 2.25 «« paper »» 12:41

holding 1

<Brutus> NQ is holding up well, AAPl is the one to watch for the turn today its up .5%

<Chilly> exit stop set ES @ 1439.75 «« paper »» 12:42

<ItalianSharp> emini, if 38 is taken out we might see new lows? 12:43

<RussellDaytrade> good day for an aft price decline

<eminitrader> no crystal ball here :)) 12:44

just joking IS

good probability of new lows till42 holds

<RussellDaytrade> could still rebound for another 2 hours apporx before fades into close

<eminitrader> on a downtrend like today i see res as more important than support IS ...reason being i am more worried abt stop losses than profits 12:46

<RussellDaytrade> got buys beneath mkt

<Chilly> exit stop lowered ES @ 1438.75 «« paper »» 12:54

<eminitrader> Shorts ES @ 1441.50 -> Add 13:07

Covered all ES Short @ 1441.25 --> - 0.25 13:12

<Chilly> exit stop raised ES @ 1439.50 «« paper »»

<Brutus> Covered all ES Short @ 1441 --> - 0.25 «« paper »» 13:26

<eminitrader> Shorts ES @ 1440.75 13:30

<Chilly> exit stop lowered ES @ 1438.75 «« paper »» 13:32

Sponsor:
Traders Accounting
As traders we must treat our trading like a business if we are to succeed as traders and as a business. Therefore, waiting till the last few weeks March to prepare for April's taxes is not good for your trading and could put extra stress on your trading during tax month or the months that follow if your one of those traders that filed an extension.. Therefore, its best to be on top of your taxes throughout the year and Traders Accounting is a great resource for such especially if you want to prevent penalties or an audit several years from now.

<eminitrader> Covered 1/2 ES Short @ 1439.75 --> + 1 13:33

* NihabaAshi is now known as NihabaAshi_away 13:34

<eminitrader> Covered ES Short @ 1440.50 --> + 0.25 13:44

Reverse and Enter Long ES @ 1440.50

<RussellDaytrade> i was wondering if you were gonna change direction.

<Chilly> exit stop raised ES @ 1439.00 «« paper »»

<eminitrader> no confirmation yet on trend change ...just jumped into it 13:45

sld see support @ 1439.50 though ...if this is to hold 13:46

mean 1438.50 not 1439.50 13:47

<RussellDaytrade> finding all sorts of old video clips of great old songs from great bands and musicians on utube, "no sugar tonight"...

now playing, live! 13:48

http://www.youtube.com/watch?v=Iy75uEPaX eE 13:49

<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) 13:50

<eminitrader> Exited all ES Long @ 1440.50 --> 0 13:57

can u believe it _ posting from another board - hope u dont mind niha- 13:58

[13:36] <LambCurry> hi guys, anyone trade the ES emini contract, with $50 a point? 13:59

[13:39] <Protrader> yes many of us do

[13:41] <LambCurry> ok

[13:42] <LambCurry> i need to make 3 points a day on 5 contracts, whats the best way to make it?

[13:43] <mark12> if u "need" to do it, chances r u won't. cause u can't impose your will on the market

[13:43] <LambCurry> ok

[13:43] <LambCurry> i dont need to do it then

[13:43] <LambCurry> but how do i make it?

[13:44] <Protrader> learn, and make sure you can

[13:44] <Protrader> learn, and make sure you can trade without anyone's advise

[13:44] <Damian> or noise

[13:44] <LambCurry> ok

[13:44] <Protrader> best advise I can give you!!!!

[13:44] <LambCurry> ok

[13:45] <Damian> 3 pts is a lot, how much can you afford to loose?

[13:45] <LambCurry> 0.5 point

[13:45] <LambCurry> max

[13:45] <Damian> not a good risk to reward ratio, I have never seen it done.

[13:45] <Protrader> way too tight

[13:46] <mark12> lol

[13:46] <Protrader> your entries have to be close to perfect 14:00

[13:46] <mark12> 3 pts target with .5 stop?

[13:46] <Protrader> good luck

[13:46] <LambCurry> i only got $7k

[13:46] <Damian> ditto

[13:46] <mark12> good luck

[13:46] <LambCurry> i need to make at least $100k a year

[13:46] <mark12> put it in a mutual fund

[13:46] <mark12> you will probably be better off

[13:46] <Protrader> sugest you do not trade if you can not lose your $

[13:46] <LambCurry> no, i need more

13:47] <LambCurry> i only got $7k, i need to make $100k this year to pay back debts

hard to believe ..k niha thid is done 14:01

<DevilDog> where U pullin that from newbies anonanymous ????? which mirc ???

<Brutus> lol :)

<Chilly> now that's good stuff! lol

<eminitrader> he he he he

<RussellDaytrade> what board is that from EM?

<eminitrader> can u guys believe that guy.. 14:02

<Chilly> hope he listens to the good advice

<DevilDog> almost all think that markets a no brainer throw money at it u get paid back

<eminitrader> sorry guys ...dont want to name the room

<jperl> He's pretty typical of new traders

<eminitrader> yeah ...but in a forum like this...man looks like he is more of a gambler than a trader 14:03

<Chilly> Exited Remainder ES Long @ 1439.75 --> + 1 «« paper »»

<eminitrader> Long ES @ 1439.25 14:04

<DevilDog> most are they really dont want to take time that it really takes to learn and one of the most be a master of your emotions, I tell new traders that yes of course u have to know the technical, but u have to have a passion for the what it is you are doing, I love the dynamics of the markets the globalness of it all ( I know not a real word, so shootme ;O), making decisions on events and being right, the real bonus is that if I am good I also make money 14:06

<eminitrader> true ..treat profits ase a byproduct of ur trading....then we can enjoy trading 14:07

if if the sole aim of trading is just making money ...then its going to be a tough ride 14:08

<DevilDog> yup

<eminitrader> yep that supp @ 38.50 held for now... 14:15

Exited 1/3 ES Long @ 1440 --> + 0.75

looking more and more like a range 1442-1438.50 for this session... 14:18

Exited Remainder ES Long @ 1439.25 --> 0 14:19

Shorts ES @ 1439 14:24

nq support broken...ES shld give way...

<RussellDaytrade> Long ER2 @ 806.9 «« paper »» 14:25

filled http://www.youtube.com/watch?v=Ok9IJU6JC 6c&mode=related&search= 14:26

<eminitrader> Covered all ES Short @ 1439 --> 0 14:32

<Chilly> I was going to do an EMT style buy at 1438.25 for fun .. .382 retrace 14:36

<eminitrader> that set-up is now void chilly...actaually that was my initial stop ...

looks like after this noise it prolly break down 14:37

<Chilly> why void?

<eminitrader> stop for the long @ 1439.25 14:38

cause supp gave thru on retest

well and my ma's have indicated a down mrkt 14:39

i mean probability

but please stick to ur set-ups .... 14:40

Sponsor:
Skype

<Chilly> thanks, just experimenting with the Fibs, would have changed to "testing" mode :) 14:42

didn't buy also because bailed long earlier due to lower highs and lower lows + bear flag on larger timeframe, fwiw 14:43

<eminitrader> wld have been a high risk trade was all i was implying 14:49

<Chilly> indeed

<eminitrader> moreover 1442 was not pierced tru ...it retraced right from that res level 14:50

Shorts ES @ 1439.75 14:55

<Chilly> no guts, no glory for Chilly :) 14:59

<eminitrader> Shorts ES @ 1440.75 -> Add

<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) 15:02

<RussellDaytrade> Exited all ER2 Long @ 808 --> + 1.1 «« paper »» 15:07

<jperl> done for the day....trades here.... 15:23

http://charts.dacharts.com/2007-03-27/JP ERL_0110.png

<eminitrader> Covered all ES Short @ 1441.25 --> - 2 15:25

<ItalianSharp> emini, you see new highs today? 15:36

<RussellDaytrade> IS, speaking for me, i don't think so, not even close, looking mostly at the er, but es looks similar, with a smaller range, i expect it to fade slightly into the close. 15:46

<ItalianSharp> yep...mkts kinda weak now 15:47

<RussellDaytrade> strong finish on the er 16:00

<ItalianSharp> yes

wats happenin there?

<RussellDaytrade> good question

<Brutus> NQ went the other way 16:01

<ItalianSharp> yeah...it almost looked like mkts were heading south

when ER just popped

good short setup in ER 16:02

<RussellDaytrade> shorts covring ...yeah, so did the es...good news about to break out???.. i expect it may give it back, but still, 'the best little move' all day in the er

<ItalianSharp> 13mins to the close i am sure those who took the pop are gonna bank some profits

<RussellDaytrade> es just laid there, like a sleepy ole dog, barely opened an eye. 16:03

<ItalianSharp> looks like ER is leading other indices now 16:05

* DisconnectedSession Close: Tues Mar 27 19:56:49 2007 19:56

Google:

#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.


We are proud to say that our chat room members are from the following geographical areas in the world:

Argentina, Australia, Belgium, Brazil, Canada, Denmark, France, Germany, Greece, Hong Kong (China), Israel, Italy, Japan, Mexico, Portugal, Puerto Rico (U.S.), Saudi Arabia, Singapore, Spain, United States and Venezuela.

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

CME Emini Futures ES, NQ and ER2

CBOT mini-sized Dow Futures YM

Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50

Eurex Fixed Income Derivatives BUND, BOBL and Schatz

Euronext Futures FTSE-100 and CAC-40

CME Futures EuroFX EC

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

Forex Currencies EurUsd, EurYen and UsdCdn

Exchange Traded Funds DIA, IWM, QQQQ, SPY, OIH, XLE and GLD

NYMEX Energies Light Crude Oil CL, e-miNY QM and Natural Gas NG

COMEX Metals Gold GC

Hang Seng Index Futures HSI

Last of all, if you have any questions about the above blog like commentary, listing of our favorite trader blogs, above realtime posted trades or about the strategy discussion chat rooms associated with our fee-based strategies (#TheStrategyLab and #SwingTradingTSL)...

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