#FuturesTrades realtime trade posting on IRC Othernet server for full-time and part-time traders

January 2006 Trade Log Archived Trade Logs Trading Strategies

Light Crude Oil CL Eurex DAX EuroFX EC Russell Emini ER2 S&P Emini ES Nasdaq Emini NQ Mini-Sized Dow YM 10 Year T-Notes ZN

To see other trade signals and charts...click here.

Jan 4th Weds 2006 Trade Log

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In addition, NihabaAshi is the only trader in #FuturesTrades that represents TheStrategyLab.com strategies.

Further, you'll find below the text log of realtime trades that were posted by full-time, part-time traders from around the world and the timestamp is eastern standard time (est).

Also, if you want to see an example of a trading day of what the trades actually look like on a computer screen while using mIRC to communicate with traders from all over the world in #FuturesTrades...click here.

NihabaAshi's Total Points Today: ER2 +4.20 or $420.00

Session Start: Wed Jan 04 09:29:47 2006Session Ident: #futurestrades

* Now talking in #futurestrades 09:29

<X> [NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab

<NihabaAshi> Long ER2 @ 688.50 -> small size 09:43

Intutition trade...no trade signal.

<GoodMood> Because ER2 lacks ES and NQ ? 09:44

<NihabaAshi> exit stop moved to breakeven ER2 @ 688.50

Trailing Stop Hit ER2 @ 688.50 --> 0 09:47

GoodMood...the trade occurred because I liked how ER2 via the 2min chart had made 3 consecutive higher lows as it increased towards the key candlestick s/r level of the Open of that prior Dark WRB. 09:48

<GoodMood> thx 09:49

<NihabaAshi> Only problem was my trade management...should have had an entry around 688.00 instead of 688.50

Would have given me the "wiggle room" I needed to stay in the trade in case the 10am est key economic report took ER2 higher. 09:50

<szubaark> Long YM @ 10901

<eminitrader> Shorts ES @ 1277.25 09:51

<jimmy> Shorts NQ @ 1700 -> medium size

<danshirley> Shorts YM @ 10895 «« paper »»

<eminitrader> Covered 1/2 ES Short @ 1276.25 --> + 1

<jimmy> exit stop set NQ @ 1704

<danshirley> Covered 1/2 YM Short @ 10890 --> + 5 «« paper »» 09:52

exit stop moved to breakeven YM @ 10895 «« paper »»

<jimmy> Covered 1/3 NQ Short @ 1698 --> + 2 09:54

exit stop lowered NQ @ 1702 09:55

Covered all NQ Short @ 1699.50 --> + 0.5 10:01

<eminitrader> Covered Remainder ES Short @ 1276.75 --> + 0.5

<danshirley> Trailing Stop Hit YM @ 10895 --> 0 «« paper »»

<eminitrader> Long ES @ 1277.75 10:02

<NihabaAshi> Long ER2 @ 689.50 -> small size

<eminitrader> Exited 1/3 ES Long @ 1279 --> + 1.25 10:03

<szubaark> Exited 1/2 YM Long @ 10909 --> + 8

exit stop set YM @ 10901

<NihabaAshi> I'm very surprised this 10am est key econ report had this much affect...completely caught me off guard.

<szubaark> with this bad entry, Ill probobly get picked off

yeah yersturday FOMC Minutes caught me off guard.. i was Long @1:55 om but had to leave then market shoots up! 10:04

<NihabaAshi> That's two intuition trades in a roll for me... 10:05

May be a sign I'm not in tune with what's going on :(

<jbraswell> what % of your trades would you estimate are intuitive, niha?

<NihabaAshi> Will take a small break after this trade complete. 10:06

<jbraswell> Long ER2 @ 689.60

<eminitrader> Exited ES Long @ 1278.25 --> + 0.5

Reverse and Enter Short ES @ 1278.25

<NihabaAshi> About 15%

<szubaark> Exited all YM Long @ 10901 --> 0

:((

<jbraswell> interesting, good to know 10:08

<danshirley> Shorts YM @ 10901 «« paper »» 10:17

<les> Shorts ER2 @ 688.2 10:18

<X> #FuturesTrades Info -> This room is only for Trade Posting (real or paper) and/or discussions about a posted trade or key market events that could affect a trader's open trade position. LURKING not allowed..strictly enforced.

<les> Shorts ER2 @ 688.2 «« paper »» 10:23

Covered all ER2 Short @ 689.7 --> - 1.5 «« paper »»

<szubaark> heheh.. they whacking Shorts and Longs at the same time today 10:25

<jbraswell> yep, definitely some 'whacky' action 10:26

<jimmy> Shorts NQ @ 1705

exit stop set NQ @ 1708 10:27

<NihabaAshi> Exited all ER2 Long @ 688.00 --> - 1.5 10:30

<danshirley> Covered all YM Short @ 10905 --> - 4 «« paper »» 10:31

<NihabaAshi> I'm just gonna sit here and watch a little while until I either get a trade signal or "feel" like I'm not chasing the price action. 10:32

<pat255> yeah a bit choopy so far ...unless one scalps for pennies 10:33

<szubaark> Hi FFT 10:38

<FFT> Howdy Szu

Gee4z, my nick isn't registered anymore, sheesh.

A few weeks ago I promised NihabaAshi I'd be here in a week to explain my absence, sorry it took so long. 10:40

I've geiven up trading for a while, because I was not making enough to pay the bills, and have been doing other part time work. 10:41

<szubaark> FFT you wont miss much. This market is getting tougher and tougher anyway. I feel 1998-2001 were the years to daytrade. 10:42

<jimmy> Covered 2/3 NQ Short @ 1702 --> + 3

exit stop lowered NQ @ 1706 10:43

<szubaark> Right now you got too many traders fighting for every last frikin tick out there. Thats why these ranges are getting TINY.

<FFT> Yeah, the lack of volatility really exposed a problem for me - I need a more thorough approach. Not to making a trade, but to everything else - nightly reviews, logging, etc.

The other day I heard some announcer breathlessly talking about a huge drop in the markets, checked in, and the S&P was only down 12 points, LOL 10:45

<szubaark> Too many false breakouts, ranges for hours and no folowthru= poor house

<jimmy> Covered Remainder NQ Short @ 1701 --> + 4 10:47

<eminitrader> Covered 1/2 ES Short @ 1277.25 --> + 1 10:51

<NihabaAshi> Hi FFT...welcome back 10:54

<FFT> Thanks Nihaba

My apologizes for taking longer than I expected 10:55

<NihabaAshi> Not a problem.

<eminitrader> Covered Remainder ES Short @ 1278.25 --> 0 10:56

<PapaJon> hey there fft... missed you bro

<FFT> Hey PJ

<NihabaAshi> Long ER2 @ 690.90 -> large size 10:57

I got a little room on this is YM decides to push upwards in support...if not...I'm in trouble. 10:58

690.90 was my pt level for the prior trade I got stopped out :(

Thus, not willing to chase this beyond 690.90 10:59

<szubaark> YM,ES dont want to go UP. 11:01

<NihabaAshi> Down $318 for the day...not looking for any short signals until now.

<szubaark> problem is Volatility has dried up. any trade for me is High Risk now. 11:04

<NihabaAshi> Increasing my chart interval to better manage this trade and to see the range more clearly. 11:05

<szubaark> We just ranging at around yersturday's high.

yawn. 11:06

<FFT> So is WannaBeBOS the same guy as WannaBeATrader? 11:15

<WannaBeBOS> hey FFT. thats me :)

glad to see you back

<FFT> Hey WBAT, thought that was you :)

I'm not really back, just stopped by to say why I've been gone, and that I hope to be back someday. 11:16

<WannaBeBOS> you will man. i have no doubt

<FFT> Thanks. 11:17

Gotta reboot, BRB. 11:22

<NihabaAshi> If your wondering why I keep going Long and trying to hold onto these positions without getting shaken out... 11:27

http://www.elitetrader.com/vb/showthread .php?s=&threadid=61506

It's just a high probability seasonal stat that the market will close higher today.

Missed an ER2 Long signal to get Long @ 1045am est :( 11:29

Hopefully that wasn't my best chance at a decent entry. 11:30

<X> #FuturesTrades Info -> This room is only for Trade Posting (real or paper) and/or discussions about a posted trade or key market events that could affect a trader's open trade position. LURKING not allowed..strictly enforced.

<pat255> very leery of S mkt hanging & not giving up ...

<GoodMood> But "close higher" means higher than 687.90. So maybe we are already there 11:35

<pdays> Shorts YM @ 10905 «« testing »» 11:42

Shorts YM @ 10905 11:43

<WannaBeBOS> hey fft, we were afraid you pulled a AMT4SWA on us :) 11:46

<NihabaAshi> Exited 2/3 ER2 Long @ 692.10 --> + 1.2 11:47

<FFT> Heh, my trading PC needed about a billion reboots to update everything. Now I need to reinst Zone Alarm, and need another reboot. Sheesh.

<NihabaAshi> That gets me profitable for the day and I'm holding 2 contracts at breakeven now.

<GoodMood> congrat Niha ! 11:48

<NihabaAshi> exit stop raised ER2 @ 691.00

<WannaBeBOS> nice one. hold them long and see if they gun for 700

<jbraswell> 692.80 high from last wed on er2 11:49

<PapaJon> amazing patience niha... and fortitude

<NihabaAshi> I had the stats on my side about the "seasonal result" for today and I almost lost my patience after missing that Long position signal @ 1045am est. 11:50

Exited ER2 Long @ 692.50 --> + 1.6 11:52

Holding 1 contract

<pat255> nice Niha

k guys back to office ..later ty all 11:54

<jbraswell> exit stop raised ER2 @ 691.60 11:56

er2 sitting at the top if an upward channel for the day\ 11:58

breaking up out of it now 12:00

exit stop raised ER2 @ 692.70 12:04

Exited all ER2 Long @ 693.20 --> + 3.6 12:07

* jbraswell is now known as jbra_lunch 12:10

<eminitrader> Long ES @ 1278.50 12:34

<X> #FuturesTrades Info -> This room is only for Trade Posting (real or paper) and/or discussions about a posted trade or key market events that could affect a trader's open trade position. LURKING not allowed..strictly enforced. 12:42

* jbra_lunch is now known as jbraswell 12:49

<eminitrader> Exited all ES Long @ 1277.50 --> - 1 13:01

<NihabaAshi> Exited Remainder ER2 Long @ 691.70 --> + 0.8

That's a signal its time for a lunch break :) 13:03

* NihabaAshi is now known as NihabaAshi_away

<pdays> Covered all YM Short @ 10887 --> + 18 13:04

<toggley> long er2 692.5 13:25

close long er2 693.2 +0.7 13:30

* NihabaAshi_away is now known as NihabaAshi 13:47

<X> #FuturesTrades Info -> This room is only for Trade Posting (real or paper) and/or discussions about a posted trade or key market events that could affect a trader's open trade position. LURKING not allowed..strictly enforced. 13:54

<toggley> short er2 691.8 14:05

close short er2 691.2 +0.6 14:09

<X> #FuturesTrades Info -> This room is only for Trade Posting (real or paper) and/or discussions about a posted trade or key market events that could affect a trader's open trade position. LURKING not allowed..strictly enforced. 15:06

#FuturesTrades Info -> This room is only for Trade Posting (real or paper) and/or discussions about a posted trade or key market events that could affect a trader's open trade position. LURKING not allowed..strictly enforced. 16:15

<NihabaAshi> Take care all and see you tomorrow. 16:28

* NihabaAshi is now known as NihabaAshi_away

* DisconnectedSession Close: Wed Jan 04 16:59:58 2006 16:59

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	Session Start: Wed Jan 04 09:29:47 2006Session Ident: #futurestrades
* Now	talking in #futurestrades	09:29
<X>	[NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab
<NihabaAshi>	Long ER2 @ 688.50 -> small size	09:43
	Intutition trade...no trade signal.
<GoodMood>	Because ER2 lacks ES and NQ ?	09:44
<NihabaAshi>	exit stop moved to breakeven ER2 @ 688.50
	Trailing Stop Hit ER2 @ 688.50 --> 0	09:47
	GoodMood...the trade occurred because I liked how ER2 via the 2min chart had made 3 consecutive higher lows as it increased towards the key candlestick s/r level of the Open of that prior Dark WRB.	09:48
<GoodMood>	thx	09:49
<NihabaAshi>	Only problem was my trade management...should have had an entry around 688.00 instead of 688.50
	Would have given me the "wiggle room" I needed to stay in the trade in case the 10am est key economic report took ER2 higher.	09:50
<szubaark>	Long YM @ 10901
<eminitrader>	Shorts ES @ 1277.25	09:51
<jimmy>	Shorts NQ @ 1700 -> medium size
<danshirley>	Shorts YM @ 10895 «« paper »»
<eminitrader>	Covered 1/2 ES Short @ 1276.25 --> + 1
<jimmy>	exit stop set NQ @ 1704
<danshirley>	Covered 1/2 YM Short @ 10890 --> + 5 «« paper »»	09:52
	exit stop moved to breakeven YM @ 10895 «« paper »»
<jimmy>	Covered 1/3 NQ Short @ 1698 --> + 2	09:54
	exit stop lowered NQ @ 1702	09:55
	Covered all NQ Short @ 1699.50 --> + 0.5	10:01
<eminitrader>	Covered Remainder ES Short @ 1276.75 --> + 0.5
<danshirley>	Trailing Stop Hit YM @ 10895 --> 0 «« paper »»
<eminitrader>	Long ES @ 1277.75	10:02
<NihabaAshi>	Long ER2 @ 689.50 -> small size
<eminitrader>	Exited 1/3 ES Long @ 1279 --> + 1.25	10:03
<szubaark>	Exited 1/2 YM Long @ 10909 --> + 8
	exit stop set YM @ 10901
<NihabaAshi>	I'm very surprised this 10am est key econ report had this much affect...completely caught me off guard.
<szubaark>	with this bad entry, Ill probobly get picked off
	yeah yersturday FOMC Minutes caught me off guard.. i was Long @1:55 om but had to leave then market shoots up!	10:04
<NihabaAshi>	That's two intuition trades in a roll for me...	10:05
	May be a sign I'm not in tune with what's going on :(
<jbraswell>	what % of your trades would you estimate are intuitive, niha?
<NihabaAshi>	Will take a small break after this trade complete.	10:06
<jbraswell>	Long ER2 @ 689.60
<eminitrader>	Exited ES Long @ 1278.25 --> + 0.5
	Reverse and Enter Short ES @ 1278.25
<NihabaAshi>	About 15%
<szubaark>	Exited all YM Long @ 10901 --> 0
	:((
<jbraswell>	interesting, good to know	10:08
<danshirley>	Shorts YM @ 10901 «« paper »»	10:17
<les>	Shorts ER2 @ 688.2	10:18
<X>	#FuturesTrades Info -> This room is only for Trade Posting (real or paper) and/or discussions about a posted trade or key market events that could affect a trader's open trade position. LURKING not allowed..strictly enforced.
<les>	Shorts ER2 @ 688.2 «« paper »»	10:23
	Covered all ER2 Short @ 689.7 --> - 1.5 «« paper »»
<szubaark>	heheh.. they whacking Shorts and Longs at the same time today	10:25
<jbraswell>	yep, definitely some 'whacky' action	10:26
<jimmy>	Shorts NQ @ 1705
	exit stop set NQ @ 1708	10:27
<NihabaAshi>	Exited all ER2 Long @ 688.00 --> - 1.5	10:30
<danshirley>	Covered all YM Short @ 10905 --> - 4 «« paper »»	10:31
<NihabaAshi>	I'm just gonna sit here and watch a little while until I either get a trade signal or "feel" like I'm not chasing the price action.	10:32
<pat255>	yeah a bit choopy so far ...unless one scalps for pennies	10:33
<szubaark>	Hi FFT	10:38
<FFT>	Howdy Szu
	Gee4z, my nick isn't registered anymore, sheesh.
	A few weeks ago I promised NihabaAshi I'd be here in a week to explain my absence, sorry it took so long.	10:40
	I've geiven up trading for a while, because I was not making enough to pay the bills, and have been doing other part time work.	10:41
<szubaark>	FFT you wont miss much. This market is getting tougher and tougher anyway. I feel 1998-2001 were the years to daytrade.	10:42
<jimmy>	Covered 2/3 NQ Short @ 1702 --> + 3
	exit stop lowered NQ @ 1706	10:43
<szubaark>	Right now you got too many traders fighting for every last frikin tick out there. Thats why these ranges are getting TINY.
<FFT>	Yeah, the lack of volatility really exposed a problem for me - I need a more thorough approach. Not to making a trade, but to everything else - nightly reviews, logging, etc.
	The other day I heard some announcer breathlessly talking about a huge drop in the markets, checked in, and the S&P was only down 12 points, LOL	10:45
<szubaark>	Too many false breakouts, ranges for hours and no folowthru= poor house
<jimmy>	Covered Remainder NQ Short @ 1701 --> + 4	10:47
<eminitrader>	Covered 1/2 ES Short @ 1277.25 --> + 1	10:51
<NihabaAshi>	Hi FFT...welcome back	10:54
<FFT>	Thanks Nihaba
	My apologizes for taking longer than I expected	10:55
<NihabaAshi>	Not a problem.
<eminitrader>	Covered Remainder ES Short @ 1278.25 --> 0	10:56
<PapaJon>	hey there fft... missed you bro
<FFT>	Hey PJ
<NihabaAshi>	Long ER2 @ 690.90 -> large size	10:57
	I got a little room on this is YM decides to push upwards in support...if not...I'm in trouble.	10:58
	690.90 was my pt level for the prior trade I got stopped out :(
	Thus, not willing to chase this beyond 690.90	10:59
<szubaark>	YM,ES dont want to go UP.	11:01
<NihabaAshi>	Down $318 for the day...not looking for any short signals until now.
<szubaark>	problem is Volatility has dried up. any trade for me is High Risk now.	11:04
<NihabaAshi>	Increasing my chart interval to better manage this trade and to see the range more clearly.	11:05
<szubaark>	We just ranging at around yersturday's high.
	yawn.	11:06
<FFT>	So is WannaBeBOS the same guy as WannaBeATrader?	11:15
<WannaBeBOS>	hey FFT. thats me :)
	glad to see you back
<FFT>	Hey WBAT, thought that was you :)
	I'm not really back, just stopped by to say why I've been gone, and that I hope to be back someday.	11:16
<WannaBeBOS>	you will man. i have no doubt
<FFT>	Thanks.	11:17
	Gotta reboot, BRB.	11:22
<NihabaAshi>	If your wondering why I keep going Long and trying to hold onto these positions without getting shaken out...	11:27
	http://www.elitetrader.com/vb/showthread .php?s=&threadid=61506
	It's just a high probability seasonal stat that the market will close higher today.
	Missed an ER2 Long signal to get Long @ 1045am est :(	11:29
	Hopefully that wasn't my best chance at a decent entry.	11:30
<X>	#FuturesTrades Info -> This room is only for Trade Posting (real or paper) and/or discussions about a posted trade or key market events that could affect a trader's open trade position. LURKING not allowed..strictly enforced.
<pat255>	very leery of S mkt hanging & not giving up ...
<GoodMood>	But "close higher" means higher than 687.90. So maybe we are already there	11:35
<pdays>	Shorts YM @ 10905 «« testing »»	11:42
	Shorts YM @ 10905	11:43
<WannaBeBOS>	hey fft, we were afraid you pulled a AMT4SWA on us :)	11:46
<NihabaAshi>	Exited 2/3 ER2 Long @ 692.10 --> + 1.2	11:47
<FFT>	Heh, my trading PC needed about a billion reboots to update everything. Now I need to reinst Zone Alarm, and need another reboot. Sheesh.
<NihabaAshi>	That gets me profitable for the day and I'm holding 2 contracts at breakeven now.
<GoodMood>	congrat Niha !	11:48
<NihabaAshi>	exit stop raised ER2 @ 691.00
<WannaBeBOS>	nice one. hold them long and see if they gun for 700
<jbraswell>	692.80 high from last wed on er2	11:49
<PapaJon>	amazing patience niha... and fortitude
<NihabaAshi>	I had the stats on my side about the "seasonal result" for today and I almost lost my patience after missing that Long position signal @ 1045am est.	11:50
	Exited ER2 Long @ 692.50 --> + 1.6	11:52
	Holding 1 contract
<pat255>	nice Niha
	k guys back to office ..later ty all	11:54
<jbraswell>	exit stop raised ER2 @ 691.60	11:56
	er2 sitting at the top if an upward channel for the day\	11:58
	breaking up out of it now	12:00
	exit stop raised ER2 @ 692.70	12:04
	Exited all ER2 Long @ 693.20 --> + 3.6	12:07
* jbraswell	is now known as jbra_lunch	12:10
<eminitrader>	Long ES @ 1278.50	12:34
<X>	#FuturesTrades Info -> This room is only for Trade Posting (real or paper) and/or discussions about a posted trade or key market events that could affect a trader's open trade position. LURKING not allowed..strictly enforced.	12:42
* jbra_lunch	is now known as jbraswell	12:49
<eminitrader>	Exited all ES Long @ 1277.50 --> - 1	13:01
<NihabaAshi>	Exited Remainder ER2 Long @ 691.70 --> + 0.8
	That's a signal its time for a lunch break :)	13:03
* NihabaAshi	is now known as NihabaAshi_away
<pdays>	Covered all YM Short @ 10887 --> + 18	13:04
<toggley>	long er2 692.5	13:25
	close long er2 693.2 +0.7	13:30
* NihabaAshi_away	is now known as NihabaAshi	13:47
<X>	#FuturesTrades Info -> This room is only for Trade Posting (real or paper) and/or discussions about a posted trade or key market events that could affect a trader's open trade position. LURKING not allowed..strictly enforced.	13:54
<toggley>	short er2 691.8	14:05
	close short er2 691.2 +0.6	14:09
<X>	#FuturesTrades Info -> This room is only for Trade Posting (real or paper) and/or discussions about a posted trade or key market events that could affect a trader's open trade position. LURKING not allowed..strictly enforced.	15:06
	#FuturesTrades Info -> This room is only for Trade Posting (real or paper) and/or discussions about a posted trade or key market events that could affect a trader's open trade position. LURKING not allowed..strictly enforced.	16:15
<NihabaAshi>	Take care all and see you tomorrow.	16:28
* NihabaAshi	is now known as NihabaAshi_away
* DisconnectedSession	Close: Wed Jan 04 16:59:58 2006	16:59