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#FuturesTrades February 16th Friday 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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Trading Perspective

Profit/Loss Statement

I took another day of easy trading this week via doing some enjoyable things with the family.

Thus, I wasn't aggressive in my trading today and I missed most of the good price action while doing personal stuff.

I'm still in the re-energize trading mode to help prevent a drawdown period after an intense month of trading in January that resulted in record profits for one month of trading.

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: Fri Feb 16 09:05:03 2007Session Ident: #futurestrades

* Now #FuturesTrades purpose, benefits and access info...click here. 09:05

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

#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) 09:07

* NihabaAshi is now known as NihabaAshi_away 09:09

<RussellDaytrade> Shorts ER2 @ 816.6 «« paper »» 09:27

Covered all ER2 Short @ 815.3 --> + 1.3 «« paper »» 09:30

<PapaJon> gm all

<RussellDaytrade> hi PJ 09:31

<PapaJon> gm rd 09:32

<eminitrader> morn all

<pat12> gm all

<RussellDaytrade> Shorts ER2 @ 811.8 «« paper »» 09:33

Covered all ER2 Short @ 811.8 --> 0 «« paper »»

Shorts ER2 @ 815.8 «« paper »»

Shorts ER2 @ 815.4 -> Add «« paper »» 09:34

Covered 1/2 ER2 Short @ 815.1 --> + 0.3 «« paper »» 09:45

Covered all ER2 Short @ 813.8 --> + 2 «« paper »» 09:48

<eminitrader> Long ES @ 1456 09:53

<AmazingJason> anyone's MB Trading down?

<RussellDaytrade> check on ET AJ 09:54

<ItalianSharp> good trading russell 09:55

* NihabaAshi_away is now known as NihabaAshi 09:56

<RussellDaytrade> thx IS. i prefer being short, and when i am not, i find i miss it and am looking for opportunities to get short...

<ItalianSharp> yep, i can tell...heck you went short before market open...:) 09:57

<RussellDaytrade> since it does not seem to be in my character of trading to be willing to sell into a drop/hole, i look and wait for spikes up, usually, to sell into. this am was unusual, in that i did not have to withstand adverse price/opportunity before being profitable. 09:59

<NihabaAshi> Shorts ER2 @ 813.50 -> small size 10:01

<eminitrader> Exited ES Long @ 1455.50 --> - 0.5

Reverse and Enter Short ES @ 1455.50

<pdays> Consumer sentiment 93.3 vs 96.9 10:03

<NihabaAshi> Covered 1/3 ER2 Short @ 811.80 --> + 1.7 10:05

Covered 1/3 ER2 Short @ 811.90 --> + 1.6

<eminitrader> Covered 1/2 ES Short @ 1455 --> + 0.5

Covered ES Short @ 1455.25 --> + 0.25 10:07

Reverse and Enter Long ES @ 1455.25

<NihabaAshi> Covered Remainder ER2 Short @ 812.80 --> + 0.7 10:09

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<RussellDaytrade> up targets on, school taxi time for me 10:11

<eminitrader> Exited 1/2 ES Long @ 1456.25 --> + 1 10:15

<AmazingJason> Shorts ER2 @ 812.90 10:16

<eminitrader> Exited ES Long @ 1455.75 --> + 0.5 10:17

Reverse and Enter Short ES @ 1455.75

<AmazingJason> Covered 2/3 ER2 Short @ 812.30 --> + 0.6 10:19

<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)

<AmazingJason> Covered Remainder ER2 Short @ 812.60 --> + 0.3

<eminitrader> Covered all ES Short @ 1456.25 --> - 0.5 10:20

<szubaark> gm.. no trading for me had to go to the dentist 10:22

<AmazingJason> dentist sucks

<eminitrader> Long ES @ 1455.50

no ...thats 1455.75

Long ES @ 1455.75

<szubaark> AJ yes.. plus they charge way too much 10:23

:)

<AmazingJason> i actually haven't been in years

<eminitrader> Exited 1/3 ES Long @ 1456.75 --> + 1 10:27

Exited ES Long @ 1456.25 --> + 0.5 10:29

Reverse and Enter Short ES @ 1456.25

waty too many trades today ..and just scalps :(( 10:30

looks like lobster dinner wkend for brokers ! 10:31

Covered all ES Short @ 1456.25 --> 0 10:35

mrkt floating in no mans land ..will wait till it decides to move 10:36

ES i mean

<pat12> yes EM..may be a wash day.. 10:38

<eminitrader> looks like it

at least the ER has a clear trend for today 10:39

<pat12> nah stuck at 813 arae SQ of nine if u believe in that stuff...

<eminitrader> what i mean is that sells on ER are a high probability today for some nice moves ... 10:41

unlike the ES ..

<pat12> yes ...

<eminitrader> where its directionless

<AmazingJason> indices consolidating right now 10:42

<RussellDaytrade> full model up t = 815.9. its taking a little longer to fulfill, but the manner in which the mkt is firming up, it may reach full objectives 10:50

<pat12> EM S here in es? 10:51

loking for 57.5

<eminitrader> no pap ..the gap kinda spiols the set-up

<pat12> kty 10:52

<eminitrader> and also had too many trades already ...

<pat12> k will do a paper trade ..here

<eminitrader> normally 9 mean no gap and not being a friday ) ideal sell spot 10:54

<RussellDaytrade> Shorts ER2 @ 815.1 «« paper »»

i'm gonna start early and buck the trend. :) preferencing being short over exact price at the expense / risk of being early 10:55

<eminitrader> i think 817-818 ...good sell for a nice move 10:56

<RussellDaytrade> 817-818 is a godsend for those that were long from there yesterday, and (still long), and a nightmare for those short and still short. i am happy to see prices reagin those levels, even if it moves against this sale. 10:58

<eminitrader> actually RD the lows shld have come after testing this are...then would have been a very good one ...early move down kinda spoiled the set-up 11:00

are=are 817 - 818

<RussellDaytrade> i think 815.5 may have fulfilled the t, close enough if so... 11:01

<eminitrader> u prolly right

cld very well be

<RussellDaytrade> but at the same time, i have the feeling that there may be a rapid price advance in here, a sneak-attack, if you will, addressing your 817-818 point EM. 11:02

<eminitrader> guess 816.60 is close enough ..but i really dont know much yet on the ER

<RussellDaytrade> hope so.

hope 817-818, that is. 11:03

<eminitrader> Shorts ES @ 1457.75

<RussellDaytrade> got sales ready/loaded aboce mkt

<eminitrader> quick scalp ..2 tick stop 11:04

<AmazingJason> Shorts ER2 @ 815.00 11:05

<eminitrader> nice sell set-up on nq ..hope it pulls the es down 11:06

<RussellDaytrade> compressed range in nq this am so far, has a down look to it from here 11:07

<AmazingJason> hope so, i'm short :)

<eminitrader> ER definetly down day ..high probability new lows...es farting around 11:08

<RussellDaytrade> 810 remains to be resolved, perhaps?? 11:09

<eminitrader> wish the ES moved likr the nq

<RussellDaytrade> you are good at using the relative 'stability

<eminitrader> friday and options expiry kinda screwing the set-ups :( 11:10

<RussellDaytrade> 'stability' of the ES to your advantage, as best as i can see.

<eminitrader> true to a piont rd ...and thats what scares me abt trading the ER 11:11

<RussellDaytrade> dn t = 812,7 at 11:53 et...

<AmazingJason> Covered all ER2 Short @ 814.90 --> + 0.1 11:12

<eminitrader> be back guys ..need a break ( some puffing needed )

<RussellDaytrade> perhaps a way smaller risk exposure may work on that EM.

<eminitrader> looks like thats the only way to start rd 11:13

<RussellDaytrade> if price exceeds this last high, that t is most likely off the burner.

<eminitrader> well low volume day ...and its time for stop running ...never know 11:14

<RussellDaytrade> i'd like to start with a half a mini contract!

<jperl> All scalps this morning on ER2....here are the trades.... 11:17

http://charts.dacharts.com/2007-02-16/JP ERL_0132.png

<AmazingJason> jperl, what's your trading strategy? :) 11:20

<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) 11:31

<eminitrader> Covered 1/3 ES Short @ 1456.25 --> + 1.5 11:35

<RussellDaytrade> dropped right to my buy at 814.3, but didn't pierce it. 11:38

<AmazingJason> think we may see an upside breakout 11:42

Long ER2 @ 815.10 11:45

<RussellDaytrade> Covered all ER2 Short @ 815.4 --> - 0.3 «« paper »» 11:47

<pat12> back to work ty all.. 11:48

<AmazingJason> Exited 1/3 ER2 Long @ 815.60 --> + 0.5 11:59

Exited 1/3 ER2 Long @ 816.10 --> + 1 12:00

should have taken off last 1/3 earlier, got greedy looking for gap 12:10

<RussellDaytrade> Shorts ER2 @ 815.6 «« paper »» 12:13

just wanna be short, no real edge here, probably forcing a trade. 12:15

<AmazingJason> need a push here on 5-min chart 12:16

for reversal

you remind me of how i used to be 12:18

i was a constant bear, only looked for shorts, my thought process was always on shorting 12:19

<RussellDaytrade> you referring to me? if so, please elaborate.

<AmazingJason> maybe it was eminitrader 12:21

i don't remember, i have to scroll up later

<RussellDaytrade> earlier in teh week, i spent two days doing only long trades. it varies, depending on how and where i sense the opportunity is, although i must say, i am usually early in both regards.

<AmazingJason> sorry, might have been someone else 12:22

<RussellDaytrade> thats quite all right, there's so many of us here, might be just about anyone. :) 12:24

<AmazingJason> Exited Remainder ER2 Long @ 815.70 --> + 0.6

<RussellDaytrade> nice trade in there AJ. 12:25

<AmazingJason> it was you, but i think i misinterpreted what you said that's all 12:26

about shorting this morning

<RussellDaytrade> time for down targets? np, just pullin your leg. dry sense of humor i have. 12:27

you are correct though, i do seem to favor the short side, at least lately, when we see a correction, i will likely favor the long side more often. 12:28

makt now feels like its finding res, may begin a slow roll 12:29

just set a muted t at 812.8 by 13:03 et 12:35

<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) 12:40

<RussellDaytrade> mkt making me sleepy. something is brewing. 12:46

Shorts ER2 @ 817.1 -> Add «« paper »» 13:08

<NihabaAshi> Shorts ER2 @ 816.60 -> small size 13:12

1 contract only because I'm in profit protection mode. 13:13

Reminder: There's a 1:30pm est FED speech about the economy. 13:18

<eminitrader> exit stop moved to breakeven ES @ 1457.75 13:19

<NihabaAshi> ER2 volatility has died...I'm expecting a volatility spike here soon.

<RussellDaytrade> 814.3 by 14:06et. the more of 'em that don't work fully, the closer i am to one that does! 13:25

<NihabaAshi> Covered ER2 Short @ 816.10 --> + 0.5 13:27

<RussellDaytrade> Covered all ER2 Short @ 816 --> + 0.7 «« paper »» 13:37

was trying to hold out for another drop, and close one, keep one open, etc, will try starting over from higher if goes up. 13:39

<Chilly> good afternoon folks .. EM nice hold on the 2 tick stop and retest at 1457.50 .. way to stay in trade, lobster for you too!! 13:40

<RussellDaytrade> size on ofer and it ain't budging 13:41

might get a squirt up 13:42

Shorts ER2 @ 816.5 «« paper »» 13:43

startin early again, vote early and vote often. 13:44

feel naked not having an open short

this one could accelerate into t at 814.3 or so. 13:45

<Chilly> heard "naked shorts" are the big thing on Wall St. these days

<RussellDaytrade> was outta the room, missed an add 13:52

<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)

<ItalianSharp> was bin laden suddenly arrested? 14:08

what happened to ER2?

<RussellDaytrade> its working off the selloff from yesterday.

giving shorts another selling opportunity. :) 14:09

Shorts ER2 @ 818.3 -> Add «« paper »»

this ones early too.

s 2 ap 817.4 14:10

mkt would rise dramatically on that, were that to occur...bin laden capture. 14:12

hope i'm flat if it does. 14:13

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<ItalianSharp> hope i am long instead...:)

<RussellDaytrade> i have thought for years he's in Saudi Arabia

<ItalianSharp> what surprised me was the double wash out...down and up again 14:14

as if the market was suddenly struck by news

ES and YM didnt seem to care too much though 14:15

<RussellDaytrade> 819.61 fullfills a longer target up, though its close enough now to call it good. i didn't think it would stretch this far, everyday is good action. 14:16

<ItalianSharp> NQ prolly gonna close the gap at this point 14:21

<eminitrader> Covered Remainder ES Short @ 1457.75 --> 0 14:24

<ItalianSharp> emini, god knows how you managed to make money today trading ES 14:26

its as flat as a dead man's electrocardiogram 14:27

<RussellDaytrade> he's trading the 'stability', not the volatility.

mkt's closed monday? 14:34

<Chilly> I believe so 14:35

<RussellDaytrade> yep, closed monday 14:38

<Chilly> 2 tick range on ES for over past 30 mins 14:56

3 day weekend .. traders have hit the exits .. so far 14:57

<ItalianSharp> chilly: i agree...i believe most of the traders didnt even show up today 15:03

i think i am hitting my exit too... 15:04

<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)

<ItalianSharp> you guys take care...see you all back on tuesday...have a good weekend all

<Chilly> c ya IS

<RussellDaytrade> so long IS 15:05

i sure enjoy it when price drops, and i'm short

little dip ther to near my ap 15:06

someboby wake me up if this drops a couple bucks. could be a day that it stays firm today 15:21

<Chilly> test of 819.60 15:29

<NihabaAshi> I took it easy today and only did a few trades today. 15:53

Take care all and have a good weekend.

<GoodMood> bye Niha

* NihabaAshi is now known as NihabaAshi_away

<jperl> todays trades....all scalps 15:56

http://charts.dacharts.com/2007-02-16/JP ERL_0133.png

<RussellDaytrade> have a good one everyone. 16:02

<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) 16:16

* DisconnectedSession Close: Fri Feb 16 16:59:23 2007 16:59

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