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February 9th Thursday 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.


 Session Start: Thu Feb 09 02:54:29 2006Session Ident: #futurestrades
* Attempting to rejoin channel #futurestrades02:56
* Rejoined channel #futurestrades
<X> [NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab
<NihabaAshi> Good morning all...02:57
 Just woke up and here's a late trade post for one of my orders that got hit...
  Covered 1/4 ER2 Short @ 721.90 --> + 1.7 02:58
 Now I'm holding just a remainder 1/4 of contracts.
 That trade was executed at 8:16pm est03:00
 EuroFX looks dead...will set some audio price alerts and go back to bed.03:16
* 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.03:28
  #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.04:40
<NihabaAshi_away>  Covered Remainder ER2 Short @ 723.00 --> + 0.6 05:28

Had to dump my remainders because Eurex DAX and the CAC-40 starting to show some strength
* NihabaAshi_away is now known as NihabaAshi
<NihabaAshi> Also, EuroFX EC showing some increased volatility and price movement...wanted to have a clear head when trading it instead of trying to multi-task with an open ER2 position.05:30
<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.05:52
<NihabaAshi>  Shorts EuroFX @ 1.20080 -> large size 07:04
<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> This trade is via my normal methodology and not via the new EuroFX strategy I've been trading based upon volatility.07:06

Covered all EuroFX Short @ 1.20060 --> + 0.0002 07:12

Trade management error...I had a WRB pt1 at 1.20030 and didn't cover my short.07:13

One nice thing about using the normal method is that I know when I should be exiting.07:14

Wit a new strategy...I'm still trying to fix the kinks and need to try different things.07:15

Ok...just got back...lets see if I missed anything.07:36
<danshirley>  Covered all YM Short @ 10795 --> + 1 «« paper »» 07:52
 ...
<NihabaAshi>  Shorts EuroFX @ 1.19960 -> large size 07:55

This is the "volatility method" signal.

Covered all EuroFX Short @ 1.19950 --> + 0.0001 08:11

Trailing stop hit :(
<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.08:16
<WannaBeBOS> gm08:30
<NihabaAshi> Hi Wanna.08:31
<WannaBeBOS> hey niha08:32
<NihabaAshi>  Shorts EuroFX @ 1.19950 -> large size 08:34
  Covered EuroFX Short @ 1.19990 --> - 0.0004 08:37
  Reverse and Enter Long EuroFX @ 1.19990
  Exited all EuroFX Long @ 1.20050 --> + 0.0006 08:49
<pat255> gm all..09:10
<WannaBeBOS> gm09:11
<NihabaAshi> Be right back...gotta do a quick reboot.09:13
* DisconnectedSession Close: Thu Feb 09 09:13:25 2006
 Session Start: Thu Feb 09 09:23:38 2006Session Ident: #futurestrades
* Now talking in #futurestrades09:23
<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> wholesale inventories at 1009:25
  (MarketWatch) - U.S. stocks are readying for a higher opening Thursday that would build on Wednesday's gains, with sentiment expected to be bright due to higher 2006 earnings targets from Aetna and Marriott International and an expected job-cut announcement from Oracle.09:26
 Treas will start sale of 30 yr bonds today09:27
<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.09:28
<danshirley> (MarketWatch) -- First-time applications for U.S. unemployment benefits edged higher by 4,000 to 277,000 in the week ending Feb. 4, the Labor Department said Thursday
 Bank of Japan left rates unchanged...had been expected to raise them09:29
<PapaJon> gm all09:31
<NihabaAshi>  Shorts ER2 @ 723.20 -> large size 09:33
  Covered ER2 Short @ 723.80 --> - 0.6 09:37
  Reverse and Enter Long ER2 @ 723.80
<WannaBeBOS> nice niha09:40
<NihabaAshi> Not really...I'm stuck in the trade :(
 May have to call the broker.
 Nevermind...09:41
 Must be my computer...it keeps trying to cache something.
<WannaBeBOS> ouch
<eminitrader>  Long ES @ 1270 09:42
<NihabaAshi> Missed a great WRB pt1 because of it :(09:43

May get a second chance :)

Exited 2/3 ER2 Long @ 725.40 --> + 1.6
<eminitrader>  Exited 1/2 ES Long @ 1271 --> + 1
<NihabaAshi> Too bad I'm not loaded like I was in yesterdays first two ER2 trades.09:44
<WannaBeBOS> maybe
 yeah, that was a nice call
 i like how you are willing to reverse quickly if a trade isnt working09:46
<NihabaAshi>  exit stop raised ER2 @ 724.00

That first trade I had an entry problem...
<eminitrader>  Exited ES Long @ 1271.75 --> + 1.75 09:47
  Reverse and Enter Short ES @ 1271.75
<NihabaAshi> Thus, it was a very easy decision to dump it when it started going against me.
<WannaBeBOS> yeah
 es running some09:50
<jimmy>  Shorts ES @ 1275.50

Shorts ES @ 1272.50 09:51
<eminitrader>  Shorts ES @ 1272.75 -> Add
<les>  Long ER2 @ 725.7
<pdays>  Shorts ER2 @ 725.6 «« paper »» 09:52
<NihabaAshi>  Exited ER2 Long @ 726.00 --> + 2.2 09:56
<les>  Exited all ER2 Long @ 726.2 --> + 0.5
<NihabaAshi> Holding 1 contract
<WannaBeBOS> nice
<NihabaAshi> I hate that...look at EuroFX.09:57

That's 3 days in a roll where I've traded ER2 to build up a nice profit cushion so that I can still be profitable even if I get hit hard on my EuroFX EC trades.09:58

Yet, I've been trading EC during its worst trading periods.
<pdays>  Covered all ER2 Short @ 726.6 --> - 1 «« paper »» 09:59
<NihabaAshi> Won't fall into that trap today and will just watch for the remainder of the afternoon.
<WannaBeBOS> good
<pdays> inventories 1.0, est .510:00
<NihabaAshi> After some additional analysis...my volatility method works best on EuroFX between 2am - 9am est.10:01
 Simply, for now on...that's when I'll look for trades via the period cycle.
<substanz>  Shorts YM @ 10907 «« paper »»
<danshirley> U.S. DEC. WHOLESALE INVENTORIES UP 1% VS. 0.5% EXPECTED10:03
 U.S. DEC. WHOLESALE INVENTORY-SALES RATIO STEADY AT 1.15
 non-event10:04
<substanz>  Covered all YM Short @ 10919 --> - 12 «« paper »»
<NihabaAshi>  Exited Remainder ER2 Long @ 727.40 --> + 3.6 10:05
<WannaBeBOS> nice one
<pat255> vvn Niha...10:06
<jimmy>  Shorts ES @ 1274.75 10:08
<jperl>  Shorts ER2 @ 727.30 10:11
<eminitrader>  Shorts ES @ 1274.75 -> Add 10:17
<les>  Shorts ER2 @ 727.8 10:27
  Covered 1/3 ER2 Short @ 727.2 --> + 0.6 10:30
<NihabaAshi> I see some exhaustion at these levels in ER2.10:34

Would have liked a 728 and above short entry...just watching now...no trading.10:35
<danshirley>  U.S. NATURAL GAS STKS FALL 38 BLN CUBIC FT: ENERGY DEPT10:36
<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.10:40
<jperl> system crash10:48
  Covered ER2 Short @ 728.60 --> - 6.9
 that should be -1.5
<jimmy>  Covered 2/3 ES Short @ 1273.50 --> + 1.25 10:52
<les>  Shorts ER2 @ 727.7 11:04
  Covered 1/3 ER2 Short @ 727.2 --> + 0.5 11:07
  exit stop lowered ER2 @ 727.6 11:08
<eminitrader>  Covered 3/4 ES Short @ 1273.25 --> + 1.5
<les>  Covered 1/3 ER2 Short @ 726.5 --> + 1.2 11:10
  exit stop lowered ER2 @ 727.3
  exit stop lowered ER2 @ 726.6 11:12
<jimmy>  Covered all ES Short @ 1272.75 --> + 2 11:13
<les>  Covered Remainder ER2 Short @ 726.4 --> + 1.3 11:14
<eminitrader>  Covered ES Short @ 1273.25 --> - 1.5 11:17

Reverse and Enter Long ES @ 1273.25

Exited 1/2 ES Long @ 1274.75 --> + 1.5 11:32

the short before this was a 1 tick loss on the avg11:36
<pat255> nice emini...11:40
<eminitrader> thx pat255
<pat255> l side trade better ...11:41
<eminitrader> than the reverse u mean ?
<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.11:49
<pat255> k guys back to office ... c u all later ...11:56

ty all.
* les is now known as lesAway12:07
<eminitrader>  Exited 1/3 ES Long @ 1276.25 --> + 3 12:49
* lesAway is now known as les12:59
<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.13:01
<eminitrader>  Exited Remainder ES Long @ 1277.25 --> + 4 13:04
* WannaBeBOS is now known as BOS-bbl13:17
<les>  Long ER2 @ 728.2 13:26
  Exited ER2 Long @ 727.2 --> - 1 13:32
  Reverse and Enter Short ER2 @ 727.2
  Covered all ER2 Short @ 728.4 --> - 1.2 13:41
* les is now known as lesaAway13:52
<NihabaAshi>  Long ER2 @ 727.70 -> large size 13:56
 Intuition trade...no trade signal.13:57
 I'm just looking for 3 ticks at the minimum.13:58
  Exited ER2 Long @ 727.20 --> - 0.5 14:03
  Reverse and Enter Short ER2 @ 727.20
 Should'uv added more contracts on the reverse position but got caught thinking too much and it already reached a pt1 on the quick push down :(14:06
  Covered all ER2 Short @ 724.70 --> + 2.5 14:08
<GoodMood> vn
<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.14:10
* BOS-bbl is now known as WannaBeBOS14:29
* lesaAway is now known as les14:42
<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.15:22

#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.16:34
<NihabaAshi> Take care all...see all tomorrow.16:37
* NihabaAshi is now known as NihabaAshi_away

 

ER2

+23.60

$2,360.00

EuroFX EC

+0.0030

$375.00


Trading Perspective: As mentioned in yesterday's Trading Perspective...+8.50 points was removed from today's results because the profits actually occurred yesterday's evening trading session.

With that said...stuck to the trading plan about EuroFX volatility behavior and only applied the new strategy prior to 9am est. As for ER2, trading it via the normal trading strategies and the biggest trade (last trade) was via the Swing Trading Report

Will stick with the new money management scheme for EuroFX and hopefully by the end of the month I'm profitable in EuroFX in comparison to being in the red.

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.

* DisconnectedSession Close: Thu Feb 09 16:38:02 200616:38

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