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Jan 18th Weds 2006 Trade Log

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

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

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: YM +78.00 or $390.00

 Session Start: Wed Jan 18 09:30:50 2006Session Ident: #futurestrades
* Now talking in #futurestrades09:30
<X> [NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab
<jbraswell>  Long ES @ 1281.75 09:34

Exited all ES Long @ 1281.50 --> - 0.25 09:35

will keep stops tight until I can buy around 1278
<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.09:38
<mispe>  Shorts YM @ 10879 09:39

Covered all YM Short @ 10884 --> - 5 09:42
<les> looks like upcreep crap to me09:43
<danshirley> tryin to close gap09:44
<les> yes
 thats better :)
<danshirley> NQ will never make it09:45
<NihabaAshi>  Long YM @ 10898.00 -> large size
<danshirley>  Shorts YM @ 10896 «« paper »» 09:46
<les>  Long ER2 @ 705.2 09:47
<mispe> Niha ! I still have problems with Qcharts and YM data feed09:48
<NihabaAshi> Same here but not as often as before...
 Yet, I'm now second guessing my Long position because I'm afraid of losing my CBOT data in the middle of the trade :(09:49
<WannaBeBOS> if you need quotes, let me know
<mispe> it shows noew 10901 when it's really 1089209:50
<WannaBeBOS> 894/895
<mispe> I mean 10896
 <WannaBeBOS> 894/895 right09:51
 On Qcharts 10901
<WannaBeBOS> big reason i dumped QrapCharts09:52
<mispe>  Shorts YM @ 10899
<NihabaAshi> mispe...are you also viewing VIX or VXN while having YM ???
<mispe> no at the same time09:53
<NihabaAshi> ok
<mispe> I have to change windows
 BTW I tried and nothing09:54
  Covered 1/2 YM Short @ 10894 --> + 5
<danshirley>  Covered 1/2 YM Short @ 10888 --> + 8 «« paper »» 09:55
<mispe>  Covered Remainder YM Short @ 10888 --> + 11
<danshirley>  exit stop moved to breakeven YM @ 10896 «« paper »» 09:56
<les>  Exited ER2 Long @ 704.2 --> - 1
  Reverse and Enter Short ER2 @ 704.2
  exit stop moved to breakeven ER2 @ 704.1 09:58
<NihabaAshi>  Exited YM Long @ 10890.00 --> - 8

Reverse and Enter Short YM @ 10890.00
<mispe>  Shorts YM @ 10891 10:00
<les>  Covered all ER2 Short @ 703.7 --> + 0.5
<mispe>  Covered 1/2 YM Short @ 10886 --> + 5
  Covered Remainder YM Short @ 10888 --> + 3 10:04
<danshirley>  Trailing Stop Hit YM @ 10896 --> 0 «« paper »» 10:05
<NihabaAshi>  Covered all YM Short @ 10898.00 --> - 8 10:06
  Long YM @ 10898.00 -> large size 10:07
<les>  Shorts ER2 @ 704.3 10:08
<NihabaAshi> Geesh.10:12
  Exited all YM Long @ 10890.00 --> - 8
<les>  exit stop set ER2 @ 705.7
<NihabaAshi> It's rare for me to get stuck inside a 10 point range.10:13
<WannaBeBOS> crazy10:14
<NihabaAshi>  Long YM @ 10895.00 -> large size
 Trying middle ground on that range.10:15
<les>  Trailing Stop Hit ER2 @ 705.7 --> - 1.4

ugh
<NihabaAshi> Its rolling over10:16
 Looking to dump this.
  Exited all YM Long @ 10896.00 --> + 1 10:18
<mispe>  Shorts YM @ 10904 10:21
<WannaBeBOS> got out too early niha >:/
<szubaark> :((10:22
<NihabaAshi> Can't really tell if I'm too early...data comes and goes.
<mispe>  Covered all YM Short @ 10910 --> - 6
<NihabaAshi> One tick shows 10900 and the next tick is 10915 :(
<mispe> YM Qcharts still at 10908 when...10:23

market at 10915
<WannaBeBOS> 914/91510:24
<mispe>  Shorts YM @ 10913 10:25

Covered 1/2 YM Short @ 10908 --> + 5 10:29

Covered Remainder YM Short @ 10906 --> + 7 10:31
<NihabaAshi>  Shorts YM @ 10899.00 -> large size 10:36
  Covered all YM Short @ 10896.00 --> + 3 10:43
<mispe>  Long YM @ 10896 10:45
<NihabaAshi>  Shorts YM @ 10894.00 -> large size 10:46
<mispe>  Exited all YM Long @ 10891 --> - 5 10:47
<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.10:50
<NihabaAshi> :(
<WannaBeBOS> chop suey niha10:53
<NihabaAshi> Be right back...gonna boot up the other computer downstairs in the basement to load up my FutureSource and will trade from their for the remainder of the trading day.
* NihabaAshi is now known as NihabaAshi_away
<X> [NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab10:59
* NihabaAshi_away is now known as NihabaAshi11:02
<les>  Shorts ER2 @ 705.5
<NihabaAshi> Ok...I'm all setup on my RacerX system.
 Lets see if I can make back my money I've lost so far today.
  Covered all YM Short @ 10878.00 --> + 16 11:05
<WannaBeBOS> nice11:08
<pdays>  Long YM @ 10879 «« paper »» 11:09
  exit stop moved to breakeven YM @ 10879 «« paper »» 11:14
  Trailing Stop Hit YM @ 10879 --> 0 «« paper »» 11:18
<danshirley> MARCH COCOA TAPS 4-MO HIGH ON IVORY COAST UNREST11:21

:-)
<NihabaAshi>  Shorts YM @ 10870.00 -> large size 11:35
<les>  exit stop lowered ER2 @ 705.4
<NihabaAshi> Darn...a WRB formed after my entry :(11:36
<les>  Covered all ER2 Short @ 705 --> + 0.5 11:37
<NihabaAshi>  Covered all YM Short @ 10869.00 --> + 1 11:55
<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.11:59
<NihabaAshi>  Long YM @ 10873.00 -> large size
<pat255> this chop is killing me ...dang12:01
<ymtradr_afk> i woke up late missed morning action, will post if i take any serious trades later in the day, afk for now12:04
<NihabaAshi> Just realized we have a Key Econ Report the 2pm FED Beige Book12:15

Thus, I've been trading too "aggressively" this morning when the volatility is going to be this afternoon :(

Therefore, this will be my last trade until the 2pm Beige Book.
* GoodMood_Away is now known as GoodMood12:18
* les is now known as lesAway12:29
<NihabaAshi> I just finished reviewing the past years info worth of price action at/near a 2pm FED Beige Book release.12:53
 Looking to dump my Long position :(
<szubaark> Niha what did u learn?13:01
<NihabaAshi> Volatility increase was normal for the afternoon trading session.13:02
<szubaark> sucker gets released 8 times per year.
<NihabaAshi> For some reason I thought there was this abnormal volatility price reaction to the Beige Report...13:03
 I was wrong.
 Thus, not willing to sit on this trade and looking for an exit around 10878.00
 Wish I had known that before :(13:04
<szubaark> yeah even tough nosed veteran like you forgets to do his homework, makes me feel not as bad.13:05

Shows u how PREPARED you have to be each and every day. I have distractions this week, thats why NO TRADES for me. Too many Sharks out there.13:06
<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.13:11
* WannaBeBOS is now known as BOS-platform13:17
<lesAway>  Shorts ER2 @ 704.3 13:19
  Covered 1/2 ER2 Short @ 703.9 --> + 0.4 13:20
 wrong
  Covered 1/2 ER2 Short @ 703.8 --> + 0.5
<NihabaAshi>  Exited YM Long @ 10863.00 --> - 10

Reverse and Enter Short YM @ 10863.00
<lesAway> about bloody time this worked for me
<NihabaAshi> Their moving price early and not much volatility although there's an increased in volume :(13:21
<szubaark>  Shorts YM @ 10859 13:22
<lesAway> well obviously it suited my strategy here :)
<szubaark> LATE on this
<NihabaAshi> I'm back to -13 points per YM contract :(

Hopefully this short can dig deep into that without doing a counter-thrust back upwards in reaction to the WRB.13:23
<lesAway> i'm now hoping pt2 will work out13:24
  Covered Remainder ER2 Short @ 702.8 --> + 1.5 13:26
 i guess that worked out ...:)13:27
<szubaark>  Covered all YM Short @ 10859 --> 0 13:28
<codehead> long YM 10856 stop 10848
<szubaark> my entry was way off.. 10864+ would be OK13:29

Im OUT
<lesAway>  Shorts ER2 @ 702.4
<codehead> hm, mistake

me
<lesAway>  Covered all ER2 Short @ 701.8 --> + 0.6 13:30
<codehead> exit YM +1, got nervous13:31
<lesAway> right, back in a while13:32
<NihabaAshi>  Covered YM Short @ 10857.00 --> + 6 13:45

Reverse and Enter Long YM @ 10857.00
* lesAway is now known as les13:57
<ymtradr_afk> not taking any trades today, gonna do some other research, will be back tomorrow. good trading all.14:00
<NihabaAshi> It's 2pm est...lets see what happens with the 2pm Fed Beige Report in comparison to the normal volatility of the prior reports.
<les> its moving about, but not much so far14:02
<NihabaAshi>  Exited all YM Long @ 10877.00 --> + 20 14:07
<codehead> nice14:08
<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.14:23
* BOS-platform is now known as WannaBeBOS14:28
<WannaBeBOS> well done niha14:34
* jbraswell is now known as jbras_away14:53
<les>  Long ER2 @ 705.2 15:00
 late entry15:01
 i might pay for that :(
  Exited all ER2 Long @ 704.2 --> - 1 15:03
 that woulod only have lost .60 with correvt entry15:04
 damn
  Long ER2 @ 705.2 15:10
  Exited 1/2 ER2 Long @ 705.7 --> + 0.5 15:13
  exit stop raised ER2 @ 705.6 15:14
  Exited Remainder ER2 Long @ 706.1 --> + 0.9 15:16
 thats my last trade
 well, for today anyway :)15:17
<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.15:35
<WannaBeBOS> niha, you in the black?15:55
<NihabaAshi> Wanna...yes by +13 points per YM contract.16:14

Reason why I stopped trading because it was a struggle today for me..;.

Then as soon as I became profitable upon the exit of my last trade...16:15

I called it quits and have been closely reviewing my trades ever since.
<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.16:47
<NihabaAshi> Take care all and see all tomorrow.16:59
* NihabaAshi is now known as NihabaAshi_away
* DisconnectedSession Close: Wed Jan 18 17:00:03 200617:00

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