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Jan 6th Fri 2006 Trade Log

#FuturesTrades is a private and free realtime trading posting room on the IRC Othernet server.

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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 +5.20 or $520.00

 Session Start: Fri Jan 06 09:29:16 2006Session Ident: #futurestrades
* Now talking in #futurestrades09:29
<X> [NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab
<PapaJon> gm all09:31
<mispe> gm09:34
<szubaark> gm

anybody Long Overnight?09:35
<mispe> not me09:36
<danshirley>  Shorts YM @ 10975 «« paper »»
<eminitrader> not me :((
<mispe>  Shorts YM @ 10977
<danshirley>  Covered 1/2 YM Short @ 10969 --> + 6 «« paper »» 09:37
<mispe>  Covered 1/2 YM Short @ 10969 --> + 8
<danshirley>  exit stop moved to breakeven YM @ 10975 «« paper »»
<mispe>  Covered Remainder YM Short @ 10969 --> + 8 09:38
<eminitrader>  Long ES @ 1286.25 09:40
<jbraswell>  Shorts ES @ 697.70
<mispe>  Long YM @ 10957 09:44
  Exited all YM Long @ 10952 --> - 5 09:46
<danshirley>  Covered Remainder YM Short @ 10954 --> + 21 «« paper »» 09:50
<eminitrader>  Long ES @ 1285.25 -> Add 09:54
<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.
<szubaark> emini your bias is Long?09:55
<eminitrader> yep for now..before another leg down..a quick scalp09:56

Long ES @ 1283 -> Add 10:02
<mispe>  Long YM @ 10927 10:09
  Exited 1/2 YM Long @ 10933 --> + 6 10:10
<jbraswell>  Covered all ES Short @ 695.90 --> + 1.8 10:11

opps, meant er2
<mispe>  Exited Remainder YM Long @ 10938 --> + 11 10:13
  Long YM @ 10933 10:15
  Exited 1/2 YM Long @ 10939 --> + 6 10:17
<szubaark>  Shorts YM @ 10933 10:20
<mispe>  Exited Remainder YM Long @ 10938 --> + 5 10:21
<jbraswell>  Shorts ER2 @ 696.30 10:23
<mispe>  Long YM @ 10924 10:25
 sorry 1092510:26
<jbraswell>  Covered all ER2 Short @ 695.40 --> + 0.9
<mispe>  Exited 1/2 YM Long @ 10934 --> + 10
 i.e. +910:27
  Exited Remainder YM Long @ 10931 --> + 7 10:28
 1.e. +6
<NihabaAshi>  Long ER2 @ 695.90 -> small size 10:29

I have a poor entry and it may cause this trade to result in a loss :(10:30
<mispe>  Shorts YM @ 10940 10:33
<NihabaAshi>  exit stop raised ER2 @ 696.00

Lost my "wiggle room" on the poor entry...any profit is a lucky profit :(10:34
<mispe>  Covered all YM Short @ 10943 --> - 3 10:36
<NihabaAshi>  Trailing Stop Hit ER2 @ 696.00 --> + 0.1 10:37
<eminitrader>  Exited 1/2 ES Long @ 1284 --> + 1 10:45
<szubaark> geez emini, you working hard for that +1
<eminitrader> actuall b/e szu :(( not even a pt10:46
  Exited Remainder ES Long @ 1283.25 --> - 3
<szubaark> trend must be down :))
<eminitrader> b/e on avg10:47
<mispe>  Long YM @ 10937
<eminitrader> looks like it
<mispe>  Exited 1/2 YM Long @ 10942 --> + 5 10:50

Exited Remainder YM Long @ 10947 --> + 10 10:51
<substanz>  Long YM @ 10942 «« paper »» 10:56
<mispe>  Long YM @ 10935 10:58
<szubaark> IF we bounce back here Ill REVERSE LONG10:59
<mispe> short you mean ?11:00
<szubaark> [10:20] <szubaark> Shorts YM @ 1093311:01
 Ive been Short and shakin now for damn almost an hour
<mispe> sorry my mistake
<substanz>  Exited all YM Long @ 10930 --> - 12 «« paper »» 11:02
<mispe>  Exited all YM Long @ 10931 --> - 4

Long YM @ 10928 11:05
<szubaark>  Covered all YM Short @ 10932 --> + 1 11:06
 pffff..
<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.
<eminitrader>  Long ES @ 1283 11:07
<szubaark>  Shorts YM @ 10923 11:11
<mispe>  Exited all YM Long @ 10923 --> - 5
<szubaark>  Covered all YM Short @ 10930 --> - 7 11:12

geez

Long YM @ 10930
<NihabaAshi>  Long ER2 @ 696.70 -> small size 11:14
 Not a good trading day so far for me...two back to back late entries have prevented me from properly managing my trades as "position trades".11:17
<eminitrader>  Exited 1/2 ES Long @ 1284 --> + 1
<NihabaAshi>  Exited 1/3 ER2 Long @ 697.70 --> + 1 11:18
  exit stop raised ER2 @ 696.80 11:19
<szubaark>  Exited 1/2 YM Long @ 10942 --> + 12

exit stop set YM @ 10931
<NihabaAshi> A lost a +0.60 key wiggle room on the current trade with my late entry :(11:20
<eminitrader>  Exited Remainder ES Long @ 1284.50 --> + 1.5 11:21
<szubaark> Increasing timeframe for PT211:23
<NihabaAshi> Same here.
<substanz>  Shorts YM @ 10960 «« paper »» 11:26
<mispe>  Shorts YM @ 10960

Covered all YM Short @ 10965 --> - 5 11:29
<substanz>  Covered all YM Short @ 10970 --> - 10 «« paper »» 11:34
<NihabaAshi>  Exited 1/3 ER2 Long @ 700.00 --> + 3.3 12:03
<jbraswell> nice!12:04
<NihabaAshi> Holding 1/3 and will leave it alone now that I have my remainder as an "established" position trade.

Be back later and will post late trade result if my trailing stop is hit.
* NihabaAshi is now known as NihabaAshi_away
<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.12:15
<substanz>  Shorts YM @ 10960 «« paper »» 12:18
<eminitrader>  Long ES @ 1286.50 12:21

Exited 1/3 ES Long @ 1287.50 --> + 1 12:23
<szubaark> puusshhhh...12:24
<substanz>  Covered all YM Short @ 10980 --> - 20 «« paper »» 12:25
<eminitrader>  Exited ES Long @ 1287.50 --> + 1 12:44
  Reverse and Enter Short ES @ 1287.50
 think the indu is screwing up the party12:46
<szubaark> ES also.12:50
<eminitrader> es not moving because of dj :))
 wish i were trading the nq today12:51
<szubaark> emini i added the NQ to my arsenal as i noticed its starting to trend nicely12:52

still wont touch ES or ER2
<eminitrader> yep ..
 unlike the nq es is generally good for 1-2 pt moves and sometimes a huge runner..these add up12:53
 well speak for myself12:54
<szubaark> ES,YM possible Top here.. might bail on my remainder Long12:56
<jbraswell> why not er2, szu?
<szubaark> jb... ER2 and EURO left scars that hurt to this day
<jbraswell> gotcha, I know it can move fast and hurt...12:57
 but it just seems to move more smoothly
<szubaark> I dont like to LOSE $1000+ in a matter of seconds.. $1000 is a lot of money for me.
<jbraswell> i hear ya
<eminitrader> think it might give it one more shot...before it gives up

the lon term charts are bullish12:58
<szubaark> yup.. reverse divergences setting up on lower timeframes for the CCI,MACD,RSI traders12:59
<eminitrader> if it breaks then maybe 1295 on the es13:00

Covered 1/2 ES Short @ 1286.50 --> + 1 13:03

Covered Remainder ES Short @ 1287.50 --> 0 13:06
* NihabaAshi_away is now known as NihabaAshi13:12
<NihabaAshi> EuroFX has been dead (no volatility) for the past 55mins...13:13

One of the main reasons why ER2 has not dropped like a rock.
<jbraswell> why does eurofx affect er2 more, niha?13:14
<NihabaAshi> Not sure...it only does on days when the market reacts strongly to a key economic report release.

I only pay attention to both at the "same time" when the volatility levels seem to move back-n-forth.13:16

However, I ignore their actual price action correlation because I don't think there's much (small correlation) to be concerned about.13:17

It's the volatility that I'm concerned about and not the actual price itself.13:18
<jbraswell> interesting13:20
<NihabaAshi>  Exited Remainder ER2 Long @ 701.30 --> + 4.6 13:24
<jbraswell> 2nd try for new high here on ES
 nice job, Niha
<szubaark> Nice Niha!
<GoodMood> vn
<szubaark> WATCHING IT HERE13:25
<NihabaAshi> After coming back from lunch I couldn't get a "feel" for if it had the ability to take out the 702.00 level as I did about the 701.00 level.
<jbraswell>  Long ER2 @ 701.40 13:26

i'll play

not lookin' good so far13:27
<szubaark> ES possible triple top.. ouch!
<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.
<NihabaAshi> By the way...EuroFX has nothing to do with my entry signals.13:31
 I only pay attention to it when I have a very profitable trade and I'm trying to determine if I can continue milking that trade sort'uv speak.
 Simply, when I'm greedy...EuroFX chart becomes critical to the level of my greed.13:32
<jbraswell> stop at BE for me13:48
<NihabaAshi> nice jb13:56
<szubaark>  Exited all YM Long @ 11000 --> + 70 13:57

frustrating day, turned into VERY profitible day.13:59
<NihabaAshi> Geesh szu...its been awhile since I've seen a YM trade like that...nice.
<eminitrader> excellent szu ..very nice :)))\14:00
<szubaark> Niha, thanks. I was wondering why u didnt Hold?
 [13:24] <NihabaAshi> Exited Remainder ER2 Long @ 701.30 --> + 4.6
<NihabaAshi> :)14:01

szu...sometimes when i take a lunch while still in a trade and when I return...

I kind'uv don't have the same feel for the trade as I did prior to lunch.14:02

When that happens...I usually just bank my profits and call it a day.
<jbraswell> crike!14:04
 good job, man
<szubaark> jb, nice trade also.. i know u still holding.14:06
<jbraswell> thx...
 yeah, i'm trailing my stop under each 10min bar
 might get taken out on this softness here14:07
<eminitrader> u still holding :)) nice call jb
<NihabaAshi> szu...to add another twist to why I wasn't still in that trade was my position size managment.14:15
 I was small size when I should have been large size.
 I had a BULLISH bias today.14:16
 Thus, had I had 6-9 ER2 contracts instead of the 3...I would definetly had still been in that trade.14:17
 Main reason why I went small size was because I was too slow (chasing) in my first trade...14:18
 Then started doing it again in that second trade so I decided to "reduce" my large size to a small size because I was a slug today on my entries.14:19
<jbraswell>  Exited all ER2 Long @ 703.90 --> + 2.5
<GoodMood> vn jason
<jbraswell> thx14:20

i would like to hold longer, but i've got to get out a little early today14:21

maybe good thing I did14:24
<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.14:39
  #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.15:51
<NihabaAshi> Take care all and have a nice weekend...just finishing up with my market wrap trading notes.16:01
* NihabaAshi is now known as NihabaAshi_away
* DisconnectedSession Close: Fri Jan 06 16:37:18 200616:37

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