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

Home February 2007 Trade Log Trading Strategies Music while Trading

#FuturesTrades February 6th Tuesday 2007 Trade Log

#FuturesTrades is a private and free realtime trading posting 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.

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.

Fee-based clients of TheStrategyLab.com strategies use the private IRC rooms called #TheStrategyLab and #SwingTradingTSL.

Further, you'll find below the chat room time stamped text log of realtime trades (real money and simulator) that were posted by full-time, part-time traders from around the world and the timestamp 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

ER2 EuroFX EC

+7.40 +0.0000

$740.00 $0.00

Trading Perspective

Profit/Loss Statement

The Oil market price action was the reason why the Emini Futures decline between 0956am - 12noon est. Further, after own a weak attempt to counter-thrust back upwards, the Emini Futures started back upwards by following the price action of Eurex and Euronext Futures.

In fact, I tend to watch other key trading markets when there's a lack of key economic reports even though we did have those FED speeches that I felt made the price action a little neurotic sort'uv speak.

Key news of the day

Today's results (real money and simulator trading) shown above are that of NihabaAshi only. To see his total accumulated points for the month of February...click here. To see results for the months of 2007 and prior years...click here.

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 involve interconnecting key price action of different markets and such is represented by a particular type of price action from one of the key markets. You can view the charts and their clues that's associated with the key price action at our key market archives.


Session Start: Tue Feb 06 09:30:20 2007Session Ident: #futurestrades

* Now #FuturesTrades purpose, benefits and access info...click here. 09:30

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

<eminitrader> hi all

<szubaark> gm

<PapaJon> gm all 09:31

<RussellDaytrade> Shorts ER2 @ 812.3 «« paper »» 09:38

<NihabaAshi> Long ER2 @ 812.40 -> small size 09:41

I have a NEUTRAL Bias...keeping my size small for awhile until the price action becomes more clearer for me. 09:42

<szubaark> Buys NQ @ 1809 «« paper »»

<NihabaAshi> Only key market events today are key fed speeches today beginning aroung 1pm est I think.

Sorry...mistake...key speeches start around 10am est today. 09:44

Exited ER2 Long @ 811.60 --> - 0.8 09:45

Reverse and Enter Short ER2 @ 811.60

Shorts ER2 @ 811.80 -> Add

Covered 1/3 ER2 Short @ 811.30 --> + 0.5 09:46

Covered 1/3 ER2 Short @ 811.30 --> + 0.3 09:47

Covered ER2 Short @ 811.90 --> - 0.3 09:48

Reverse and Enter Long ER2 @ 811.90

Exited 1/2 ER2 Long @ 812.40 --> + 0.5 09:49

<eminitrader> Shorts ES @ 1454.25 09:52

<NihabaAshi> Exited Remainder ER2 Long @ 812.20 --> + 0.3 09:56

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 and swing trading 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)

<szubaark> Exited all Long NQ at 1806 --> - 3 «« paper »» 09:57

Shorts NQ @ 1806 «« paper »»

<NihabaAshi> I gave that trade a lot of "breathing room" and it didn't pay off.

<jperl> TotalMarket mixed this morning

<NihabaAshi> Shorts ER2 @ 810.90 -> medium size 09:58

<RussellDaytrade> Covered all ER2 Short @ 810.6 --> + 1.7 «« paper »»

<eminitrader> Covered 1/2 ES Short @ 1452.75 --> + 1.5

<NihabaAshi> FED Speech price reaction!!!

<szubaark> Covered all Short NQ at 1803 --> + 3 «« paper »» 10:02

:(

<NihabaAshi> Covered ER2 Short @ 811.40 --> - 0.5 10:05

Reverse and Enter Long ER2 @ 811.40

reversed into a large position with 811.40 as my worst entry of the scale in. 10:07

Exited ER2 Long @ 810.90 --> - 0.5 10:09

Reverse and Enter Short ER2 @ 810.90

<szubaark> Buys NQ @ 1802.50 «« paper »» 10:10

Exited all Long NQ at 1800.75 --> - 1.75 «« paper »» 10:11

Shorts NQ @ 1800.75 «« paper »»

<NihabaAshi> Covered 1/4 ER2 Short @ 810.10 --> + 0.8

<eminitrader> Covered 1/3 ES Short @ 1452.25 --> + 2 10:12

<RussellDaytrade> Long ER2 @ 810.2 «« paper »»

<NihabaAshi> Covered 1/4 ER2 Short @ 810.50 --> + 0.4 10:13

<RussellDaytrade> i gotta be crazy to be going long.

<eminitrader> why ...as long as ur system says u too

<NihabaAshi> Covered Remainder ER2 Short @ 810.50 --> + 0.4

<RussellDaytrade> tight stop. school taxi time, will sell at or near 811 if gets there while away. 10:14

<NihabaAshi> Shorts ER2 @ 810.20 -> medium size 10:15

<RussellDaytrade> Exited all ER2 Long @ 810 --> - 0.2 «« paper »»

<szubaark> Covered all Short NQ at 1798.75 --> + 2 «« paper »»

<NihabaAshi> Covered 1/2 ER2 Short @ 809.90 --> + 0.3

<szubaark> Shorts NQ @ 1799.25 «« paper »» 10:16

<NihabaAshi> Covered Remainder ER2 Short @ 810.00 --> + 0.2

<RussellDaytrade> feels like its trying to hold

<szubaark> Covered all Short NQ at 1800.25 --> - 1 «« paper »» 10:17

<WannaBeBOS> whew. made it :)

<szubaark> Buys NQ @ 1800.25 «« 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) 10:18

<pdays2> Shorts ER2 @ 810.6 10:19

<NihabaAshi> Volatility dropping...I'm expecting a volatility spike soon.

<WannaBeBOS> this market is really terrible

<szubaark> yup..February Price Action is Total Crap so far 10:20

<NihabaAshi> Long ER2 @ 810.40 -> small size

Exited 2/3 ER2 Long @ 810.50 --> + 0.1 10:21

<szubaark> need to scalp this for ticks with jet fighter pilot like precision and speed.

<NihabaAshi> Agree especially on trading days like today so far. 10:22

Exited Remainder ER2 Long @ 811.10 --> + 0.7

<eminitrader> Covered Remainder ES Short @ 1453.25 --> + 1 10:23

<pdays2> Covered all ER2 Short @ 811.4 --> - 0.8 10:24

<szubaark> Exited all Long NQ at 1801.25 --> + 1 «« paper »» 10:27

<RussellDaytrade> Shorts ER2 @ 811.4 «« paper »» 10:34

Covered all ER2 Short @ 810.9 --> + 0.5 «« paper »» 10:35

<szubaark> Shorts NQ @ 1800.25 «« paper »»

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.

<NihabaAshi> Shorts ER2 @ 810.30 -> small size 10:36

<werner> thnx niha ,hi all 10:37

<RussellDaytrade> this things either gonna hold in here, or, drop to a new, lower level. i think it does the latter.

<NihabaAshi> Werner...glad you made it back :)

<werner> :)

<eminitrader> agree...thinkhuge tank

<szubaark> yeah but its jumping around like a ping pong ball 10:38

<eminitrader> er2 i mean

noise ???

<szubaark> Covered all Short NQ at 1800.25 --> 0 «« paper »» 10:40

this markets too frikin tight

<RussellDaytrade> if you don't like the weather, wait 20 minutes.

<NihabaAshi> Covered ER2 Short @ 810.60 --> - 0.3

Reverse and Enter Long ER2 @ 810.60

<eminitrader> right szu...think its better to wait for pm session

<szubaark> dont want to jump once the breakout occurs because then any small retrace will give me 6-7 point Stop :)) 10:41

<eminitrader> looks like NQ breakdown already

<NihabaAshi> The FED speeches will last into the p.m. trading session.

<szubaark> they jumping around the 1800 level on NQ 10:42

<eminitrader> needs to break 1806 ...to cahnge trend

<NihabaAshi> Until around 4pm est

Simply, it could be a long day of trading if we're not careful.

<szubaark> Long and Stressful. 10:43

<eminitrader> if NQ trend continues ...looks like it may es too

<RussellDaytrade> Shorts ER2 @ 809.8 «« paper »» 10:45

<NihabaAshi> Exited ER2 Long @ 809.80 --> - 0.8

Reverse and Enter Short ER2 @ 809.80

<RussellDaytrade> not my usual style

<szubaark> im taking a break.. this no followthru AM session has me second guessing any signal i get.

* szubaark is now known as szubaark_away

<NihabaAshi> If I get anything less than 8 ticks on this trade...I'm just churning my account and its not worth such on a day like today. 10:46

<RussellDaytrade> a little late for my liking

Covered all ER2 Short @ 809.9 --> - 0.1 «« paper »» 10:48

<ItalianSharp> if ER2 breaks 808, we could see some heavy selling 10:53

<NihabaAshi> Covered 1/3 ER2 Short @ 808.70 --> + 1.1 10:55

<ItalianSharp> nice patience niha...

<NihabaAshi> Covered 1/3 ER2 Short @ 808.40 --> + 1.4 10:59

<WannaBeBOS> very nice 11:00

<NihabaAshi> Covered Remainder ER2 Short @ 808.50 --> + 1.3

Took too many trades today for me to smell some blood.

I'm still not where I want to be profit goal 11:01

<jperl> This mornings trades shown here.....all scalps

http://charts.dacharts.com/2007-02-06/JP ERL_0113.png

<NihabaAshi> Will take a break and play trains with my son, hopefully it clears my head before I return to trading.

<WannaBeBOS> i wouldnt mind playing trains myself 11:03

<RussellDaytrade> up targets now?

i gotta t of 811.5 11:04

* codehead_afk is now known as codehead

<RussellDaytrade> unless breaks lows con gusto. 11:05

Long ER2 @ 808.9 «« paper »» 11:07

Exited all ER2 Long @ 809.7 --> + 0.8 «« paper »» 11:15

<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) 11:30

#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) 12:42

<pat255> goodafternoo all 12:46

<venedom> GOOD AFTERNOON 13:18

<NihabaAshi> Long ER2 @ 811.00 -> small size 13:33

1 contract only...I'm in profit protection mode.

<pat255> hi niha ...vn

<venedom> hi 13:34

<pat255> hi vene

<NihabaAshi> Exited ER2 Long @ 811.30 --> + 0.3

<RussellDaytrade> Shorts ER2 @ 811.7 «« paper »» 13:36

<pat255> S 11.9 paper 13:38

out b/e not a good idea to do ciunter trend trades .. 13:40

<RussellDaytrade> i truly enjoy doing counter-trend trades, despite the frustrations sometimes experienced in trading this way. 13:42

obviously, it is hoped that the 'trend' one is countering is nearing its logical conclusion, and may reverse at, near, or soon after initiating a trade. 13:44

it is further hoped that the 'trend' has also gone too far in the trending direction, so that a countertrend trade, if successful, may be expected to achieve positive results, as the market returns to a point of more relative equalibrium, (5 syllables in that one!) 13:46

<pat255> true RD,... 13:47

<venedom> very weel said

<RussellDaytrade> sounds easy, not always the case to implement

<venedom> nothing in these job is easy even trend trades not easy 13:48

<NihabaAshi> Long ER2 @ 811.30 -> small size

Poor entry...try to nab 811.10

Exited ER2 Long @ 811.50 --> + 0.2 13:49

<RussellDaytrade> i set the sounds on this Etrade platform, so that whenever i place a sell, it triggers a richochet sound, a buy is set for a cuckoo clock, and trades when activated will produce a cash-register ringing. :) 13:50

model sez, 808.6, by 14:33 13:52

<venedom> you trade with etrade russ?

<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) 13:54

<RussellDaytrade> not yet, opened an futures account, but have not yet funded it. got some other acct there on etrade, wanted to check out their futures platform. not all that impressed, but there are no platfrom fees, etc. the charting ain't that good, and neither is the T&S, its ok, but not great. still, i am making some use of it. what are youi using? 13:55

<venedom> transact 13:57

<RussellDaytrade> Covered all ER2 Short @ 810.8 --> + 0.9 «« paper »» 14:04

ka-ching goes the trade. 14:06

was short 2 es on the et platform sim 14:07

<NihabaAshi> Long ER2 @ 810.90 -> small size 14:14

Exited ER2 Long @ 811.30 --> + 0.4 14:17

<RussellDaytrade> Shorts ER2 @ 811.4 «« paper »»

ain't got any sort of read on this, not even a read on my own fortitude, just feel kninda indifferent to it,and hoping it drops some from here. 14:18

<NihabaAshi> I'm starting to have some data vendor problems. Therefore, I'm done for the day even though I want to continue trading. 14:19

<pat255> ;( later Niha

<venedom> ok c u all tomorrow nice day all specially ninja 14:22

<RussellDaytrade> stop at BE if it exhibits signs of strength, otherwise, will see if it drops a buck or more.

Covered all ER2 Short @ 811.5 --> - 0.1 «« paper »» 14:28

it wasn't realy showing much of any strenght 14:30

<pat255> later guys back to work..ty all 14:46

<jperl> done for the day....here are today's trades.... 14:54

http://charts.dacharts.com/2007-02-06/JP ERL_0114.png

lots of good scalps

<NihabaAshi> Thanks jperl

<jperl> yw

<NihabaAshi> Felt like I was scalping today also even though I don't have the proper setup (hardware nor fee schedule) for such. 14:55

<jperl> Yes...days like today are scalp days

<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) 15:06

<eminitrader> Shorts ES @ 1452.75 15:09

<GoodMood> Hello ? 15:26

anybody here ?

<eminitrader> :))

<GoodMood> aah

:) 15:27

<eminitrader> whats happening GM

<GoodMood> business as usual

<eminitrader> lol

nothing earthshattering ?

<GoodMood> no earthquake here ...

maybe in CA 15:28

<eminitrader> he he he

where u from , if u dont mind 15:30

Covered all ES Short @ 1452.75 --> 0 15:54

* DisconnectedSession Close: Tues Feb 06 16:35:18 2007

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.

Sponsor:
Skype

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

Hang Seng Index Futures HSI

Last of all, if you have any questions about either #EminiFutures general market chat room, #FuturesTrades realtime trade posting room or the two realtime strategy discussion rooms used by traders with access to our fee-based strategies called #TheStrategyLab and #SwingTradingTSL...

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

Sincerely,

M.A. Perry and Associates

TheStrategyLab.com

questions@thestrategylab.com

"The point of this whole exercise is to make money. Everything else is just conversation." --Jonathan Hoenig

Home · · About Us · · Accolades · · Trade History

Trading Strategies · · Manual · · Trader Consultation

Discussion Forums · · Japanese Candlesticks · · Traders Library

Live Chat Rooms · · Seminars · · Computer System Setup

Refund Policy · · Cash Rebate Program · · Referral Program

Contact · · Feedback · · Privacy · · Disclaimer

Copyright © 2002 - 2007. The Strategy Lab. All rights reserved.