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Jan 23rd Mon 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 -3.60 or $360.00

 Session Start: Mon Jan 23 09:27:23 2006Session Ident: #futurestrades
* Now talking in #futurestrades09:27
<X> [NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab
<danshirley> Stock futures rose after Ford Motor Co. produced better-than-expected results and crude futures came off highs, while Bank of America followed Citigroup in producing below-estimate earnings.09:28
<NihabaAshi> I'm going to be going Long at the Open to exploit a market seasonal tendency fact about the following trading day after a big down day as revealed in the trading manual. I'll keep trying to exploit (get a decent entry) this tendency until Thursday afternoon via any pattern signal from the strategies.
<danshirley> leading indicators at 1009:29
<NihabaAshi> I will not be using a stop and will will just monitor the position.
  Long ER2 @ 710.40 -> large size 09:30
<eminitrader>  Long ES @ 1267 09:34
<pat255> gm all09:37
<mispe>  Long YM @ 10706
<eminitrader>  Exited 1/2 ES Long @ 1268 --> + 1 09:39
<danshirley>  Shorts YM @ 10706 «« paper »» 09:40

:-)
<mispe>  Exited 1/2 YM Long @ 10711 --> + 5 09:42
<les>  Long ER2 @ 710.8
<mispe>  Exited Remainder YM Long @ 10711 --> + 5
<eminitrader>  Exited 1/3 ES Long @ 1268.50 --> + 1.5 09:43
<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.09:44
<eminitrader>  Exited ES Long @ 1268 --> + 1 09:45

Reverse and Enter Short ES @ 1268
<les>  Exited all ER2 Long @ 709.3 --> - 1.5 09:47
 :((
<mispe>  Long YM @ 10706 09:49

Exited 1/2 YM Long @ 10711 --> + 5
<substanz>  Long YM @ 10710 «« paper »»
<les>  Long ER2 @ 710 09:50
<eminitrader>  Covered all ES Short @ 1268.50 --> - 0.5
<mispe>  Exited Remainder YM Long @ 10709 --> + 3 09:51
<danshirley> leading indicators in 409:55
<NihabaAshi>  Exited all ER2 Long @ 709.30 --> - 1.1 09:57
<substanz>  Exited all YM Long @ 10700 --> - 10 «« paper »»
<danshirley>  Covered 1/2 YM Short @ 10701 --> + 5 «« paper »»
<les>  Exited all ER2 Long @ 709.1 --> - 0.9
<NihabaAshi>  Long ER2 @ 709.00 -> large size 09:58
<danshirley>  exit stop set YM @ 10710 «« paper »» 09:59
<mispe>  Long YM @ 10702
<danshirley> U.S. DEC. LEADING ECONOMIC INDICATORS UP 0.1% VS 0.2% EXPECT10:00
<eminitrader>  Long ES @ 1266.50 10:01
<danshirley> U.S. NOV. LEADING INDEX REVISED TO UP 0.9% VS RISE 0.5% PREV
<NihabaAshi>  Exited all ER2 Long @ 708.10 --> - 0.9
<danshirley> LEADING INDEX SUGGESTS 'CHOPPY' '06 GROWTH -CONFERENCE BOARD
<NihabaAshi> I only can get one more try at this.

My entry has to be at a lower price than my prior exit.10:02
<mispe>  Exited all YM Long @ 10696 --> - 6
<eminitrader>  Exited all ES Long @ 1266.25 --> - 0.25 10:04
<mispe>  Long YM @ 10694
<danshirley>  exit stop moved to breakeven YM @ 10706 «« paper »» 10:05
<mispe>  Exited all YM Long @ 10694 --> 0 10:07
<NihabaAshi>  Long ER2 @ 708.60 -> large size 10:10

:(
<substanz>  Long YM @ 10710 «« paper »»
<danshirley>  Trailing Stop Hit YM @ 10706 --> 0 «« paper »»
<NihabaAshi> Wanted a fill down at 707.50
 Now I have a poor entry to manage :(10:11
<mispe>  Shorts YM @ 10710 10:14

Covered 1/2 YM Short @ 10705 --> + 5 10:19

Covered Remainder YM Short @ 10710 --> 0 10:20
<jperl>  Long ER2 @ 708.40 10:21
<eminitrader>  Shorts ES @ 1268 10:22
<substanz>  Exited all YM Long @ 10711 --> + 1 «« paper »» 10:23
<eminitrader>  Shorts ES @ 1269 10:24
<NihabaAshi> Crap...I got the weaker emini of the bunch :(10:28
<jperl>  Exited ER2 Long @ 708.40 --> 0
<pdays>  Long YM @ 10720 «« paper »» 10:30
<eminitrader>  Shorts ES @ 1268 -> Add 10:31
<mispe>  Long YM @ 10718 10:33
<eminitrader>  Covered 1/2 ES Short @ 1268 --> 0 10:34

add was at 1269
<les>  Shorts ER2 @ 708
<eminitrader>  Covered 1/3 ES Short @ 1267.75 --> + 1.25 10:36

Covered Remainder ES Short @ 1267 --> + 2 10:37
<mispe>  Exited all YM Long @ 10713 --> - 5 10:39
<pdays>  Exited all YM Long @ 10710 --> - 10 «« paper »» 10:40
<NihabaAshi> If I can get a few ticks on this trade...I'm gonna dump it and cross my fingers it trades back down and reaches 707.50 or lower...10:46
 If it does that...I'll re-enter a Long position.
 Hopefully it doesn't do it when I'm away for lunch :(
<substanz>  Shorts YM @ 10720 «« paper »» 10:51
<WannaBeBOS> niha, what level do you need to b/e?10:55
<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.10:56
<eminitrader>  Shorts ES @ 1269.75
<NihabaAshi>  Exited all ER2 Long @ 709.80 --> + 1.2 11:00
<WannaBeBOS> nice one
<pat255> vn Niha ...patience11:01
<NihabaAshi> Wanna...I was down -2 points per contract.
 Now I'm only down -0.8 per contract.
<WannaBeBOS> ok
<NihabaAshi> Will keep my fingers crossed it will reach the 707.50 level prior to reaching the 712.00 level11:02
<substanz>  Covered all YM Short @ 10730 --> - 10 «« paper »»
<NihabaAshi> That's the target I had for dumping those initial longs had they worked.
 Odds are in favor the market will reach that level.
 The tricky part was not to get shaken out prior to that.11:03
 I got shook out twice and couldn't risk doing it again in the third trade especially when I need to go to a day care apointment in 25mins and then a late lunch afterwards.11:04
 Will be back later and hopefully I get what I want.11:05
* NihabaAshi is now known as NihabaAshi_away
<WannaBeBOS> lol
 i hope so too
<NihabaAshi_away> Ooops...forgot to menton something...

That market tendency I'm trying to exploit requires me to trade the "weaker" emini from the prior big down day.11:07

I didn't do that...trade error :(
<WannaBeBOS> yeah, i saw that post
<NihabaAshi_away> ER2 was the stronger of the bunch on Friday.

Talk to you later.
<eminitrader>  Covered 1/2 ES Short @ 1269.50 --> + 0.25 11:08
<WannaBeBOS> have a good lunch11:09
<eminitrader>  Covered Remainder ES Short @ 1269.75 --> 0
<les>  Covered all ER2 Short @ 710.6 --> - 2.6 11:14
<substanz>  Long YM @ 10740 «« paper »» 11:20
<les> i might have taken a hitt here, guys...11:21
<cashflowme> short es 70.75 paper
<les> but i just learned from my accountant that Inland Revenue OWE ME MONEY

nvere happened in living memeory to me11:22

that takes care of my losses today many times over

i will celebrate shortly with another short i think11:23

Shorts ER2 @ 710.4 11:24

in case anyone's wondering...11:25

i dont use conversations with my accountant as an entry signal
<WannaBeBOS> whats inland revenue?
<les> tax collecter people11:26
<WannaBeBOS> oh. internal revenue?
 :)
<les> u guys call it something else i believe
<WannaBeBOS> i forget you are across the pond les
 lol
<les>  Covered all ER2 Short @ 701.9 --> + 8.5 11:29

oops

Covered all ER2 Short @ 710.9 --> - 0.5 11:30

jeez, it would be nioce if even one trade wrorked today11:31
<substanz>  Exited all YM Long @ 10750 --> + 10 «« paper »» 11:32
<cashflowme> add size short es 72.5011:33

72.25

sorry

paper

target 71, avg 71.62511:37
<substanz>  Shorts YM @ 10750 «« paper »» 11:38
<pdays>  Shorts YM @ 10747 «« paper »» 11:39
<mispe>  Long YM @ 10748 11:41
  Exited 1/2 YM Long @ 10752 --> + 4 11:48
  Exited Remainder YM Long @ 10755 --> + 7 11:49
<pat255> guys back to office ...ty all11:53
<substanz>  Covered all YM Short @ 10760 --> - 10 «« paper »»
<pdays>  Covered all YM Short @ 10757 --> - 10 «« paper »» 11:55
<cashflowme> new target 71.50 short12:00
 cover 71.50, breakeven with commission12:03
<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.12:05
<cashflowme> looking for long 69.2512:09
 es
<eminitrader>  Long ES @ 1289.25 12:19
<cashflowme> 3 crows on es 1 min
<eminitrader> oops

Long ES @ 1269.25 12:20
<cashflowme> long es 69.25 paper
 target 70.25, stop 66.7512:21
 will add at 68.25
 same stop
<eminitrader> thats my stop :))
<cashflowme> great mines12:22
 oops, minds
<eminitrader> meant 68.25
<cashflowme> ok
 double bottom es would be 6612:26
<eminitrader> i'm not expecting a DT ..think trend is still down ..expecting test of 1264..may rebound and fail...anyways just my opinion12:28

1274- 1276 would be a good area to Short12:30

Exited all ES Long @ 1269.25 --> 0 12:38
<cashflowme> add 68.25 long es, avg 68.7512:43
 stop still 66.7512:44
 paper12:45
<eminitrader> :)12:46
<cashflowme> if stopped, expect to re-enter long at 66.25
<eminitrader> man u r bullish today !
<cashflowme> scalping12:47
 based on enhanced support/resistance levels
<eminitrader> k

maybe the tape saying different12:48

anyways we never know :)
<cashflowme> gotta follow the system, paper today until my mood recovers from -4 friday
* les is now known as lesAway12:49
<eminitrader> ur right ..go with the system
<cashflowme> stopped -2 x 212:50

long 2 es 66.512:51

paper
<eminitrader> heavy selling pressure..reason for changing my long stop @ b/e
<cashflowme> exit long 67.5 x 2 paper es12:52

+ 1 x 212:53

will re-enter long at 68.25 MIT paper12:57

x2

re-enter is 66.25, not 68.2513:01

entry at 66.25 no longer valid13:06
<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.13:17
<eminitrader>  Shorts ES @ 1269.25 13:20
<cashflowme> short es 69.25 es paper13:21
 add short at 70.7513:22
 change add to 71.2513:24
 software totally goofed up. short should have been at 70.25, add at 71.2513:25
 in early
<eminitrader>  Covered all ES Short @ 1270.25 --> - 1 13:26
<cashflowme> add 1 71.25 es13:27
 short
 target 69.5, avg is 70.2513:28
 tough fill, since it's paper, make the avg 70.12513:30
 stop 7213:31
 out 69.513:40
 es
 + .5 x 2
* NihabaAshi_away is now known as NihabaAshi13:44
<cashflowme> - 1 for the day here, up 4 outside of room13:45
 paper es
 + 3 total13:48
 looking for long es 67.0013:50
 or short 72.50
<NihabaAshi> Back to normal trading after missing an opportunity to capture that 712.00 area.13:52

Long ER2 @ 710.20 -> large size 14:01

Looking too ADD

Long ER2 @ 710.60 -> Add 14:02
<eminitrader>  Long ES @ 1268.50 14:03
<NihabaAshi>  Long ER2 @ 709.60 -> Add 14:13
<eminitrader>  Exited all ES Long @ 1267.50 --> - 1
<cashflowme> long es 67 paper

probable fill if hits again, else 67.25 entry14:14

target 68.5014:15
<NihabaAshi>  Covered ER2 Short @ 708.60 --> + 1.6
  Reverse and Enter Long ER2 @ 708.60
 Wrong...
 I'm short and took a stink bomb loss on that Long that's trying to test my other entry area of 707.5014:16
 Posting corrections in a minute...14:17
  Long ER2 @ 710.20 -> large size 14:18
 I'm out the short...will post it among the corrections.14:19
  Long ER2 @ 710.60 -> Add
  Long ER2 @ 709.60 -> Add 14:20
  Exited ER2 Long @ 708.60 --> - 1.6
  Reverse and Enter Short ER2 @ 708.60
  Covered all ER2 Short @ 709.00 --> + 0.2 14:21
 ???
 That's a -0.4014:22
<cashflowme> new target 68.25

and out, + 1.25 es paper
<NihabaAshi> That was a market event related drop I got caught in :(14:23
<cashflowme> looking to short around 70.25 es14:24

scratch that, looking for short 71.2514:27

or long 64
<NihabaAshi> I'm gonna double up on my contracts to get out of this hole.14:28
<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.14:29
<NihabaAshi>  Long ER2 @ 710.60 -> large size 14:31
<cashflowme> inverted h&s on es

possible
<eminitrader>  Long ES @ 1266.25 14:36
<NihabaAshi> This price action is directly related to the Euro and U.S. dollar
<cashflowme> looking for long es 64.7514:37
<eminitrader>  Exited 1/2 ES Long @ 1267.25 --> + 1 14:39
<cashflowme> i had to signal to buy 65.75 but after noon I look for 1 point advantage on entry14:40
 still possible
<NihabaAshi> This month's ER2 profits have lost 1/3 in today's trading session :(14:41
<cashflowme> MIT for long es 64.75 still
 niha, sorry14:42
<NihabaAshi> It's no biggie...got the remainder of the month to get back the 1/3
<cashflowme> yup
<eminitrader> ther u go :))
<cashflowme> broker made money, anyway
 catear, like cup and handle buy signal confirmed es14:44
 cat-ear
<NihabaAshi> After today...I don't see any juicy trading days until Wednesday.

Thus, will be small size only tomorrow until Wednesday.
<eminitrader>  Exited 1/3 ES Long @ 1267.75 --> + 1.5 14:45
 cat-ear ..lol14:46
 couldn't help it..cashflowme
<NihabaAshi> I need that 712.00 level again to be breakeven for today :(14:47

Ooops...my math is wrong...14:49

I need a 712.1014:51
<WannaBeBOS> niha, you could dig your way out of the grand canyon :)14:52
<NihabaAshi> I had an earlier EuroFX EC loss before the morning that wasn't posted...reason for the adjustment.

Wanna...its called patience :)14:53
<WannaBeBOS> patience + experience + cojones
<eminitrader>  Exited Remainder ES Long @ 1269.25 --> + 3 14:58

Shorts ES @ 1269.50
<WannaBeBOS> 712.10 almost...15:00
<eminitrader>  Covered 1/2 ES Short @ 1268.50 --> + 1 15:11

Covered Remainder ES Short @ 1268 --> + 1.5 15:14
<NihabaAshi>  Exited all ER2 Long @ 712.10 --> + 1.5 15:24
<eminitrader> :))15:25
<cashflowme> :-)15:27
<eminitrader>  Shorts ES @ 1269.50 15:31
<NihabaAshi>  Exited Remainder ER2 Long @ 710.70 --> + 0.1 15:34
<eminitrader>  Covered all ES Short @ 1269.50 --> 0
<NihabaAshi> Got shook :(
<eminitrader> done for the day see ya all tommorow15:35
<NihabaAshi> Back to normal size trading...that was a one shot deal in that last trade when I up the size.15:39
<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.15:41
<NihabaAshi>  Long ER2 @ 710.50 -> large size
 Got it 1 tick better than my prior entry.15:42
<cashflowme> cya later15:43
<NihabaAshi> Geesh...its too early for them to bail on one more attempt at the 712.00 level.15:46
 May have to join in the dumping :(
<WannaBeBOS> pretty choppy15:51
<NihabaAshi> Yep...just sitting tight...not wanting to do any churning...was hoping to be able to hold this into the close but doesn't look like that's gonna happen with it not being able to break back above 711.0015:58
* lesAway is now known as les16:00
<NihabaAshi> I haven't had any EuroFX EC quotes since 3pm est.16:08
 That's like loosing my right arm while trading ER2 :(
 However, I gave ER2 a lot of breathing room and it didn't pay off today.
<WannaBeBOS> not at all16:13
<NihabaAshi>  Exited all ER2 Long @ 711.30 --> + 0.8 16:14
 Geeesh...ER2 is like on drugs today :)16:15
<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.16:53
<WannaBeBOS> first down day you have had in a while niha17:15
<NihabaAshi> Yep
<WannaBeBOS> as in months :)17:16
<NihabaAshi> I didn't have much of a chance to catch up after exiting that Long position early to go to my appointment prior to it reaching 712.00

When I'm gone that long...I don't like to put in an order and leave it because I think to much about the trade.17:17

There's tomorrow :)
<WannaBeBOS> always
 earnings week will help volatility17:18
<NihabaAshi> My goal is to trade small tomorrow and get some personal stuff done like organize my tax info stuff.

Will hit the market heavy on Wednesday, Thursday only and then back to small size trading on Friday.

Take care all and see all tomorrow.17:19
* NihabaAshi is now known as NihabaAshi_away
<WannaBeBOS> you too17:20
<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.18:05
  #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.19:14
* DisconnectedSession Close: Tue Jan 24 00:10:33 200619:47

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