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

February 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 trading instruments annotated charts...click here.

February 8th Wednesday 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.

Session Start: Wed Feb 08 09:13:58 2006Session Ident: #futurestrades

* Now talking in #futurestrades 09:13

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

<pat255> gm all.. 09:24

been away for a while ...office work not giving me a break...:( 09:25

<NihabaAshi> Shorts ER2 @ 720.00 -> large size 09:31

<PapaJon> gm all

<NihabaAshi> Shorts ER2 @ 720.60 -> Add 09:33

<danshirley> Shorts YM @ 10782 «« paper »» 09:36

<NihabaAshi> Covered 1/2 ER2 Short @ 719.70 --> + 0.9 09:37

<pat255> nice niha ...S look extended... 09:38

<danshirley> nothing at 10:00 this AM...oil inventory at 10:30 09:39

<NihabaAshi> I trying to be aggressive in ER2 prior to 1015am est when the EIA Petroleum price action begins...

<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. 09:40

<NihabaAshi> Will concentrate on EuroFX EC (Hopefully) around that time instead of ER2.

<danshirley> Shorts YM @ 10792 -> Add «« paper »» 09:45

<NihabaAshi> Geeshh...what's that ?

Covered 2/3 ER2 Short @ 718.80 --> + 1.2 09:46

<pat255> wow nice start niha 09:47

<NihabaAshi> Yep...especially since I was loaded on that ADD. 09:49

Trying hard to offset my EuroFX EC losses for the month.

Hopefully I'll have everything under control by mid-month. 09:50

Covered ER2 Short @ 717.40 --> + 2.6 09:51

Holding 1 conract.

<pat255> nice S ...

<danshirley> Covered 1/2 YM Short @ 10785 --> + 7 «« paper »» 09:52

FTSE taking a dive 09:59

<NihabaAshi> Yep

<pdays> Shorts ER2 @ 717.4 «« paper »» 10:00

Covered all ER2 Short @ 716.4 --> + 1 «« paper »» 10:01

<danshirley> damn dow won't go down

<NihabaAshi> Yep...they are keeping it up. 10:02

If it drops...should be a good one.

12mins til 1015am est when the volatility will begin picking up. 10:03

Covered Remainder ER2 Short @ 718.30 --> + 1.7 10:32

* Retrieving #futurestrades modes...

<jperl> Shorts ER2 @ 719.20 10:41

<danshirley> crude stocks down 33K, gasoline up 4.3M, distillate down 300K

not a market mover

<substanz> Long YM @ 10804 «« paper »» 10:42

<danshirley> Shorts YM @ 10809 -> Add «« paper »» 10:47

FOMC is expanding its March meeting to 2 days 10:49

Bernanke wll be taking over 10:50

<jperl> Covered ER2 Short @ 717.90 --> + 1.3 10:51

<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. 10:52

<NihabaAshi> Long EuroFX @ 1.19700 -> large size

Exited all EuroFX Long @ 1.19680 --> - 0.0002 10:55

Ooops...

Sorry...that was a short position...not a Long position.

I will not be going Long at all today in the EuroFX :) 10:56

Only Short positions.

Reposting that correction now...

Shorts EuroFX @ 1.19700 -> large size 10:57

Covered all EuroFX Short @ 1.19680 --> + 0.0002

<pat255> wow niha super scalp ..

<NihabaAshi> It was a bad "chaser" way outside my chase range. 10:58

Short signal was actually at 1.19790 or 9 ticks higher that I missed.

Reason why I dump it so fast because of poor trade entry. 10:59

<jperl> Shorts ER2 @ 717.20

<pat255> k was wondering abut the setup ..long drop here 11:00

<NihabaAshi> Also, I'm not using my normal method on EuroFX...been testing some new stuff based on its volatiltiy.

<pat255> k..

<NihabaAshi> Thus, its going to be a struggle for me...usually is when testing new stuff. 11:01

Main reason why I'm going Large on ER2 to compensate for any losses in EuroFX EC due to the increased risk exposure.

I had a record big month last month in ER2 so I decided this is a good time to test some new stuff on EuroFX that has been on the back burner for about a year. 11:02

Spouse notice too and I overheard her the other day telling a friend "we" will be looking for a new car (SUV)...something I wasn't even told about :) 11:04

With gas prices...I feel better going out to buy a new bike with kid buggy :)

<jperl> Covered ER2 Short @ 715.90 --> + 1.3 11:05

<NihabaAshi> I saw a guy the other day at the Gas station filling up his SUV and it cost him $125 dollars.

That's nuts.

<jperl> cheap 11:06

<NihabaAshi> Scary

<jperl> wait till oil hits $100/bbl

<NihabaAshi> Exactly, that's what I told my spouse because I strongly believe Oil can reach that level within 2 years.

<jperl> maybe sooner if the Iranies have anything to say about it 11:07

<NihabaAshi> Shorts EuroFX @ 1.19530 -> large size 11:09

<les> costs me £35 - £40 each time 11:11

i have equivalent of smal SUV

but the guy in the Jag has 2 55 litre tanks to fill these days 11:12

i believe

<substanz> Exited all YM Long @ 10803 --> - 1 «« paper »» 11:13

<NihabaAshi> Shorts EuroFX @ 1.19550 -> Add

Had a chance to ADD @ .19590 but got caught watching instead of reacting. 11:14

<substanz> Long YM @ 10805 «« paper »» 11:15

<NihabaAshi> EC being allowed to get back into the game sort'uv speak :( 11:17

I've had a strong Short bias since Feb 2nd on EuroFX EC but haven't been able to exploit it :( 11:18

Second guessing my decision now in not to Swing Trade it. 11:19

<jperl> Long ER2 @ 717.30 11:34

<NihabaAshi> Covered all EuroFX Short @ 1.19630 --> - 0.0018 11:38

Doubt I'll get another Short signal so it looks like my EC trading is done for the day. 11:39

Back to ER2 :(

spoke too soon :) 11:40

Shorts EuroFX @ 1.19570 -> large size 11:41

Double up on the contract size...lets see what happens. 11:42

<jperl> Exited ER2 Long @ 716.80 --> - 0.5 11:54

<NihabaAshi> EC volatility is drying up :( 11:55

Had it dried up as a Dark WRB then the trade would still be in my favor. 11:56

Simply, it would just drift downwards on the lack of volatility. 11:57

<pat255> back to office guys c u all later ty all 11:58

<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. 12:04

<NihabaAshi> Long ER2 @ 718.30 Large Size

<substanz> Exited all YM Long @ 10821 --> + 16 «« paper »»

<NihabaAshi> Cover all ER2 @ 719.00 +0.70 12:08

EC is setup now for a drop...if it doesn't fall like a rock...I'll try to get out at either breakeven or +1 tick profit. 12:09

Covered all EuroFX Short @ 1.19540 --> + 0.0003 12:15

Too much of a fight...still in a hole on EC for the day.

May have to reconsider no Long positions if the opposite signal appears. 12:16

Shorts EuroFX @ 1.19500 -> large size 12:23

ER2 needs to hold its ground.

If not...I'll be looking to dump EC. 12:24

Long ER2 @ 720.50 Large Size 12:46

<substanz> Shorts YM @ 10842 «« paper »» 12:48

<NihabaAshi> Exit All ER2 @ 721.70 +1.20

Shorts EuroFX @ 1.19610 -> Add 12:49

Covered EuroFX Short @ 1.19700 --> - 0.002 12:51

Reverse and Enter Long EuroFX @ 1.19700

<substanz> Covered all YM Short @ 10832 --> + 10 «« paper »» 13:01

<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. 13:13

<jperl> Shorts ER2 @ 721.70 13:19

Covered ER2 Short @ 720.60 --> + 1.1 13:21

<NihabaAshi> Exited all EuroFX Long @ 1.19710 --> + 0.0011 13:26

Late post and wrong. 13:27

I'm getting killed on EuroFX but doing nicely on ER2 to offset the problems. 13:28

:( 14:22

Geesh.

Long ER2 @ 719.50 -> small size 14:23

Good signal but can't load up on the trade...had to go small size only :(

Looks like its going to be a breakeven trade :( 14:25

<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> Exited all ER2 Long @ 719.50 --> 0

I wanted 10 contracts and didn't put a zero in the order... 14:26

Got 1 contract instead :(

Position size error.

Just got back from a quick break...looks like I haven't missed anything. 14:50

<codehead> the bond close signal a few mins back was bullish bias 15:09

<NihabaAshi> Long ER2 @ 723.00 -> large size 15:10

Intuition trade...no trade signal. 15:11

Missed the trade signal around 3:06pm est :(

If I reverse...I will reverse into a normal position size to equal the size I've been trading ER2 all day (very large on the Shorts). 15:13

<les> Long ER2 @ 723.1 15:14

<NihabaAshi> Geesh...YM moving too fast again :( 15:15

ER2 can never keep up when it does that.

Exited ER2 Long @ 723.00 --> 0 15:23

Reverse and Enter Short ER2 @ 723.00

Shorts ER2 @ 723.20 -> Add 15:24

<les> Exited all ER2 Long @ 723.2 --> + 0.1

<NihabaAshi> Tough number @ 723.00 15:25

This is my last trade of the day.

Want to make sure my day is profitable eventhough EuroFX made me its whipping boy today. 15:26

Note: I don't look at my P&L screen until I start preparing my market wrapup journal notes. 15:27

Shorts ER2 @ 723.40 -> Add 15:30

<GoodMood> I always turn of my P&L screen during trading 15:31

<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. 15:37

<NihabaAshi> Shorts ER2 @ 723.80 -> Add 15:40

Covered ER2 Short @ 724.00 --> - 1 15:43

Reverse and Enter Long ER2 @ 724.00

No Adds on this long ...

Exited all ER2 Long @ 724.10 --> + 0.4 15:44

+0.10 only

<WannaBeBOS> see if you can get a point 15:46

<NihabaAshi> That's all I need is 1 point.

Prefer more :) 15:47

<substanz> Shorts YM @ 10881 «« paper »»

<WannaBeBOS> yes! we all do 15:49

didnt make it 15:50

<NihabaAshi> Shorts ER2 @ 723.60 -> large size

<WannaBeBOS> DIE! 15:53

<NihabaAshi> We are running out of time.

When 4pm est arrives...things can get a little weird :(

<WannaBeBOS> yeah 15:54

esp in ER2

<NihabaAshi> I was only looking for a 2 tick profit on that last Short to be profitable for the day...

Now I need a 1 point profit :( 15:55

<WannaBeBOS> 722.60

<NihabaAshi> I still smell one more pop to the upside...hopefully it doesn't happen while I'm still short. 15:56

3mins til 4pm est.

<WannaBeBOS> die 15:57

<substanz> Covered all YM Short @ 10871 --> + 10 «« paper »» 15:58

<WannaBeBOS> get your limit in :) 15:59

<NihabaAshi> Not looking good 16:02

<WannaBeBOS> i hate that 16:03

<NihabaAshi> We are now in last minute scalper heaven :(

<WannaBeBOS> did you have a limit in?

<NihabaAshi> No

Trying to get more. 16:04

<WannaBeBOS> yeah

i dont know if 722.60 would have filled anyway

<NihabaAshi> Have partial in for 722.40

Wanna...watch the volume or volatility in ER2... 16:05

It's dead right now.

Easy to push up or down in the last 15mins of trading... 16:06

Reason why its so dangerous to trade this period.

<WannaBeBOS> yes. volume dries up after 3:45 ET

premarket volume is horrible too

<NihabaAshi> Big boys control it up to 4pm est...retail guys control it the last 15mins.

<WannaBeBOS> yep 16:07

<NihabaAshi> Will start to dump it at 4:13pm est or sooner. 16:08

<WannaBeBOS> range out 16:09

<NihabaAshi> There should also be a drift down in ER2 for about a point after it reopens.

<WannaBeBOS> lets hope so

<NihabaAshi> I'm gonna be here early tomorrow morning around 3am est to trade EuroFX aggressively again...hopefully for nice profits and not for small profits like the prior days. 16:11

Will not trade it aftger 11pm est because that's when new volatilty strategy sucks... 16:12

No volatilty.

<WannaBeBOS> you mean 11am? 16:13

<NihabaAshi> Yes...sorry. 16:14

<WannaBeBOS> no problem

<NihabaAshi> Method not designed for trading after the morning rush hour.

<WannaBeBOS> right

maybe earnings will drag futures down 16:15

<NihabaAshi> Taking a quick break...be back before it reopens and had to dump 5 to get back within my money management for holds after 415pm est 16:16

<WannaBeBOS> ok

<NihabaAshi> Covered ER2 Short @ 723.20 --> + 0.4 16:17

Still loaded but no longer a money mangement problem.

<WannaBeBOS> earnings bringing it down :) 16:34

<NihabaAshi> :( 16:42

Some idiot bought the 723.10

<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. 16:46

<WannaBeBOS> 722.50 though 16:48

thin 16:49

<NihabaAshi> Ok...just finish my "market wrap notes"...lets see where this thing is at. 17:03

Hmmm...another 723.10 single contract...the games are being played :)

Ok...had pulled my orders and now have them in as scale outs at 3 different prices... 17:07

Lets see if they get hit. 17:08

Be back later...gotta do some personal stuff and will stay logged in.

* NihabaAshi is now known as NihabaAshi_away

<WannaBeBOS> ok 17:09

i will leave in about an hour

<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. 17:58

<WannaBeBOS> good luck niha. see you in the AM 18:07

<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. 19:10

<NihabaAshi_away> Covered 1/4 ER2 Short @ 722.60 --> + 1 19:41

Will post other trades if orders are hit after I return later in the early morning around 3am est. 19:42

Need to get some rest to trade EuroFX EC aggressively in the early morning. 19:43

ER2

+30.80

$3,080.00

EuroFX EC

-0.0087

($1,087.50)

Trading Perspective: The only thing I've been able to fix in new strategy for EuroFX EC is the position size management...normal size for all trades prior to 11am est and 50% of the normal size of all trades after 11am est due to the increased risk exposure because of the lack of volatility after 11am est.
I'll make one more adjustment that takes into affect immediately via by using normal size for all trades prior to 9am est and 50% of the normal size of all trades after 9am est due to the increased risk exposure because of the lack of volatility after 11am est until I resolve some problems in the new strategy.

Yet, sometimes its the money management that makes a method profitable and an adjustment was made to today's profits via in error transferring +8.50 points to tomorrow's results because the +8.50 points occurred before midnight (tomorrow) but after 4:15pm est today.

Today's results shown on the left are that of NihabaAshi only. To see his total accumulated points for this month...click here. To see results for for past months...click here.

<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. 20:22

* DisconnectedSession Close: Thu Feb 09 02:54:29 2006 23:35

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