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#FuturesTrades February 12th Monday 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.

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ER2 EuroFX EC

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The below trade posting log contains useful info even though I don't have time to summarize my own trading today.

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.


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Session Start: Mon Feb 12 09:26:12 2007Session Ident: #futurestrades

* Now talking in #futurestrades 09:26

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

<PapaJon> gm all

<pat255> gm papa niha emini & others

no news today?

<NihabaAshi> We have the 2pm est Treasury Budget today and that's it. 09:28

<pat255> ty niha

<eminitrader> morn pat 09:29

<ItalianSharp> not really market movers

i mean, i am not expecting much volatility today...but you never know 09:30

<eminitrader> Shorts ES @ 1443.50 09:31

Covered 1/3 ES Short @ 1442.50 --> + 1 09:36

<RussellDaytrade> Long ER2 @ 809.7 «« paper »» 09:37

<NihabaAshi> Shorts ER2 @ 809.90 -> large size

Sneaky price decline out of the gate due to the volatility...reason why I did a late entry...trying to get a good read on the volatility. 09:38

<werner> gm niha all 09:42

<NihabaAshi> It now feels like the market is a little lost this morning via the different types of price action in the Eminis...

It's trying hard to find a direction.

A commone direction.

<pat255> u are on the right side 09:44

<NihabaAshi> Covered 2/3 ER2 Short @ 809.40 --> + 0.5

ER2 retraced to the lower end of a prior s/r zone. 09:45

Had to dump some because it started getting a little bouncy in that lower price area.

:(

<eminitrader> Covered 1/3 ES Short @ 1441.50 --> + 2 09:46

<pat255> vn guys . wtg

<NihabaAshi> It's a slow bleed...been awhile since I was in a trade like this one going downwards. 09:47

<eminitrader> Covered 1/3 ES Short @ 1440.50 --> + 3 09:49

<szubaark> nice emini

<eminitrader> holding 1

<NihabaAshi> There's a minor suppor here...hopefully it doesn't make too many Longs feel brave.

Covered ER2 Short @ 807.80 --> + 2.1 09:51

<RussellDaytrade> Long ER2 @ 807.6 -> Add «« paper »»

<NihabaAshi> Holding 1 contract.

<pat255> well done guys ...

<NihabaAshi> May get lucky and reach my profit target goal for the day even though I had dumped 2/3 for a small +0.50 profit :) 09:52

<ItalianSharp> nice price action despite the almost total absence of news today....wish all ugly days were like this one...:) 09:53

<NihabaAshi> Next key s/r zone going down is 805.70 - 806.90 and going up is 809.50 - 810.40 09:54

<pdays> Long ER2 @ 807.5 09:55

Exited all ER2 Long @ 807.8 --> + 0.3 09:57

<RussellDaytrade> Long ER2 @ 805.8 -> Add «« paper »» 10:01

<NihabaAshi> Covered Remainder ER2 Short @ 805.80 --> + 4.1

<pat255> wtg guys ...nice ride

<eminitrader> Covered Remainder ES Short @ 1438.50 --> + 5 10:02

<pat255> vn

<eminitrader> thx pat

<RussellDaytrade> nice trading guys

<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) 10:04

<NihabaAshi> I'm officially in profit protection mode...one contract for the remainder of the trading day. 10:05

<szubaark> Buys NQ @ 1786 «« paper »»

<AmazingJason> Long ER2 @ 806.40 10:06

<pat255> S 806.6 er paper 10:07

<AmazingJason> Long ER2 @ 806.00 -> Add 10:08

<szubaark> exit stop set NQ @ 1783 «« paper »»

<NihabaAshi> Nice ADD on that trade AmazingJason...especially because its in the s/r zone of a prior pattern signal. 10:10

<AmazingJason> Exited 1/4 ER2 Long @ 807 --> + 1

Exited 1/3 ER2 Long @ 807.30 --> + 0.9 10:11

meant 1/4

Exited 1/4 ER2 Long @ 807.70 --> + 1.3 10:15

Exited Remainder ER2 Long @ 807.70 --> + 1.3

<RussellDaytrade> Exited all ER2 Long @ 808.1 --> + 0.7 «« paper »» 10:16

<szubaark> Exited all Long NQ at 1788.50 --> + 2.5 «« paper »» 10:17

<pat255> S 808 er 10:18

paper

<jperl> ER2 at VWAP 807.90 10:19

<pat255> ty jper

<jperl> yw

I sit on my hands here and watch the snow fall 10:20

<pat255> better than to lose money jper

S er 7.4 papaer 10:28

out er ..:( 10:30

<szubaark> Shorts NQ @ 1787 «« paper »» 10:35

exit stop set NQ @ 1790 «« paper »» 10:43

<jperl> not much action for scalping this morning.... 10:58

http://charts.dacharts.com/2007-02-12/JP ERL_0119.png

<szubaark> Covered all Short NQ at 1790 --> - 3 «« paper »» 11:10

Buys NQ @ 1790 «« 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) 11:16

<szubaark> slow, controlled up grind 11:17

<eminitrader> Shorts ES @ 1439.75 11:18

<pat255> k guys back to office to earn real money ...ty all 11:22

<eminitrader> later pat

<szubaark> Exited all Long NQ at 1786.50 --> - 3.5 «« paper »»

<eminitrader> Covered 1/3 ES Short @ 1438.75 --> + 1

<szubaark> stupid impulse trade :((

* szubaark is now known as szubaark_away 11:23

<eminitrader> trend was never up on the ES szu...prolly fade in NQ

<szubaark_away> NQ broke that 1790 after 4th test, but it was a fakeout and i thought they gonna test Opening High. got suckered in :(( 11:24

<eminitrader> looks like new lows ...before any new highs ...if at all

<szubaark_away> Shorts NQ @ 1785.25 «« paper »» 11:25

Covered all Short NQ at 1785.75 --> - 0.5 «« paper »» 11:30

im just chasing now.

<eminitrader> new low on es ...nq er2 ...still holding 11:33

<szubaark_away> just No Volatility.. Stop running crap 11:34

<eminitrader> Covered 1/3 ES Short @ 1437.75 --> + 2 11:37

Covered Remainder ES Short @ 1439.75 --> 0 11:45

<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) 12:28

<NihabaAshi> Shorts ER2 @ 808.80 -> small size 12:52

Covered ER2 Short @ 808.30 --> + 0.5 12:58

Patience today seems to be rewarded. 12:59

<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) 13:40

<szubaark_away> Buys NQ @ 1785.75 «« paper »» 13:48

10 minutes before 2pm Trasury budget.. will this be the Catalyst for a gppd move? 13:50

<eminitrader> is this a mrkt mover ? 13:56

<szubaark_away> sometimes Yes and sometimes No :)

<eminitrader> k thx szu 13:57

* WBAT is now known as WannaBeBOS 14:21

<szubaark_away> Exited all Long NQ at 1782.25 --> - 3.5 «« paper »» 14:32

<NihabaAshi> Long ER2 @ 805.30 -> small size 14:41

<Chilly> Long ES @ 1436 «« paper »» 14:42

<NihabaAshi> Exited ER2 Long @ 805.80 --> + 0.5

I'm done trading for the day :) 14:43

<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) 14:49

* WBAT is now known as WannaBeBOS 14:53

<Chilly> Exited 1/3 ES Long @ 1436.50 --> + 0.5 «« paper »» 14:55

Exited 1/3 ES Long @ 1437.25 --> + 1.25 «« paper »» 14:57

exit stop set ES @ 1436.25 «« paper »» 14:58

Exited 1/3 ES Long @ 1436.75 --> + 0.75 «« paper »» 15:02

<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) 16:01

<werner> gn all 16:15

<NihabaAshi> I hope the rest of the week of trading is like this. 16:18

Take care all and see all tomorrow. 16:19

* DisconnectedSession Close: Mon Feb 12 16:19:13 2007

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In addition, below are the trading instruments our chat room members monitor closely to make trade decisions:

CME Emini Futures ES, NQ and ER2

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