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#FuturesTrades February 21st Wednesday 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.

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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

+13.30 +0.0000

$1,330.00 $0.00

Trading Perspective

Profit/Loss Statement

Although my P/L statement is posted at the above link...most of my trades were not posted in the chat room today due to the fact someone has been mimicking (shadowing) my trades without my permission.

Let me remind anyone that's reading this journal, #FuturesTrades is not a signal calling chat room and there are no guru traders in the room.

All members, including me, are using the chat room as our own personal trade journal to add additional information to our broker statements.

With that said, the 0830am est price reaction to the key economic report set up some nice Hidden Gaps and such had impact on the markets for the entire trading day.

It should have been easily exploitable by any trader with access to the trading reports.

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.


#FuturesTrades purpose, benefits and access info...click here.

Session Start: Wed Feb 21 09:33:19 2007Session Ident: #futurestrades

* Now talking in #futurestrades 09:33

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

<venedom> gm

<pat255> may fill the gap? 09:34

<eminitrader> Long ES @ 1457 09:35

* codehead_afk is now known as codehead 09:40

<eminitrader> Exited 1/2 ES Long @ 1458 --> + 1 09:41

missed t1 by 1 tick :(

<RussellDaytrade> Shorts ER2 @ 825.9 «« paper »» 09:42

oops, thats an add

<eminitrader> Exited Remainder ES Long @ 1457.25 --> + 0.25 09:45

<RussellDaytrade> Covered all ER2 Short @ 824.5 --> + 1.4 «« paper »» 09:47

still short at ap 816.1

those last 2 shorts and pfofits were about 300, thinking about taking one another off and scratching it, to lessen risk exposure 09:49

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<szubaark> Buys NQ @ 1834.50 «« paper »» 09:50

<eminitrader> Long ES @ 1456.50

<szubaark> exit stop set NQ @ 1830 «« paper »» 09:51

<venedom> Shorts ER2 @ 825.50 09:57

<eminitrader> Exited 1/2 ES Long @ 1458.50 --> + 2 10:01

<RussellDaytrade> Shorts ER2 @ 826.7 «« paper »» 10:02

Covered all ER2 Short @ 825.7 --> + 1 «« paper »» 10:03

still short 3 at ap 816.1 10:04

oop, that short 3 at ap 818.1

<venedom> Shorts ER2 @ 826.10 -> Add 10:06

<szubaark> NQ waiting on ES 10:13

<RussellDaytrade> Shorts ER2 @ 827.3 «« paper »»

<szubaark> Exited all Long NQ at 1837.75 --> + 3.25 «« paper »» 10:14

<RussellDaytrade> will cose that last sale at 826, if gets there while i'm out 10:15

<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) 10:16

<eminitrader> Exited Remainder ES Long @ 1458 --> + 1.5

Long ES @ 1458.75 10:18

<szubaark> real small, tight range developing 10:20

<eminitrader> Exited all ES Long @ 1458.25 --> - 0.5 10:21

Long ES @ 1458 10:25

<RussellDaytrade> Covered all ER2 Short @ 826 --> + 1.3 «« paper »»

did i miss anything? 10:40

Covered 1/3 ER2 Short @ 822.8 --> + 4.5 «« paper »» 10:42

thats a close of one i sold yesterday at 819.5, for as loss of 330, it a wash from this am's good trades. 10:43

<venedom> sorry lost interent conection in these comeputer 10:45

Covered all ER2 Short @ 823.10 --> + 5.4

<RussellDaytrade> now short 2, 1 at 816, another at 816.5, (which i mis-entered yesterday as 816.5, it was actually 818.5), anyway, short 2 at ap 817.5. have reduced my risk. 10:46

Shorts ER2 @ 824.4 «« paper »» 10:48

<eminitrader> Long ES @ 1456 10:52

no thats 1456.25

Long ES @ 1456.25

<RussellDaytrade> correction to above, short 2 from yesterday, (1 at 816.5, and 1 at 818.5, ap 817.5) and now another open short at 824.4. if i see another whoosh down, may close another short from yesterday at a loss to reduce more risk, hopefully offset in part by some good trades. 10:56

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<jperl> Done for the morning.....trades here.... 11:02

http://charts.dacharts.com/2007-02-21/JP ERL_011.png

somewhat of a sloppy day, but profitable

ER2 sitting on VWAP now....825.26 11:06

<NihabaAshi> Long ER2 @ 826.50 -> small size 11:15

1 contract only because I'm in profit protection mode. 11:16

I have intentionally not posted my trades until now because someone (currenlty not here) has been mimicking (shadowing) my trades without my permission. 11:17

Anyways, I've reached my profit goals for the day and I'm officially in profit protection mode. 11:18

<eminitrader> Exited 1/3 ES Long @ 1457.75 --> + 1.5 11:19

<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) 11:25

<NihabaAshi> Exited ER2 Long @ 826.70 --> + 0.2 11:27

Reverse and Enter Short ER2 @ 826.70

That's a trade entry error :(

I'm short one contract when I wanted just to exit the one Long contract. 11:28

Some profits are just lucky :)

Covered ER2 Short @ 826.30 --> + 0.4 11:29

Lucky trade.

<RussellDaytrade> luck counts!

<venedom> Shorts ER2 @ 827.10 11:34

Shorts ER2 @ 827.30 -> Add 11:36

Covered 1/2 ER2 Short @ 826.70 --> + 0.6 11:42

Covered Remainder ER2 Short @ 826.20 --> + 0.9 11:48

<RussellDaytrade> dn t of 820.9, on this main move structure 11:50

Shorts ER2 @ 826.9 -> Add «« paper »» 11:58

<eminitrader> Exited 1/3 ES Long @ 1458.75 --> + 2.5 12:08

Exited 1/3 ES Long @ 1460.25 --> + 4 12:29

holding 1

<RussellDaytrade> good trading EM

<eminitrader> thx rd 12:30

<RussellDaytrade> i need a 'super-whoosh'

now short 4 at ap 821.5 12:31

<eminitrader> t pullback time ,,maybe 826-826.50

<RussellDaytrade> apparently sellofs beyond 1/2 percent have been repealed. one-way ratcheteing mkt. 12:33

<eminitrader> buyers on the ER each dip dip 12:34

<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) 12:37

<NihabaAshi> Long ER2 @ 828.40 -> small size 13:03

Exited ER2 Long @ 828.10 --> - 0.3 13:04

Got nailed for a poor entry.

<eminitrader> Exited Remainder ES Long @ 1461.25 --> + 5 13:09

was actually planning to hold to 1465 13:11

<venedom> Long ER2 @ 827.70 tigh stop 13:15

exit stop set ER2 @ 827.40 13:16

<RussellDaytrade> EM, what made you change your mind and close trade?

<codehead> YM short 12773 <paper>

<RussellDaytrade> i'm guessing trendlineline break. 13:17

<venedom> exit stop raised ER2 @ 827.50

exit stop moved to breakeven ER2 @ 827.70 13:21

very slow mkt 13:22

Exited all ER2 Long @ 828 --> + 828 - 827.70 tigh stop 13:24

<eminitrader> fed minutes RD 13:25

and gap was almost filled by 1 tick

<RussellDaytrade> my second and third guesses were: nice pft/ ring register, and: time for a smoke / breath of fresh air. ;) 13:26

<eminitrader> well that too :) 13:27

<venedom> Shorts ER2 @ 828.20 -> small size 13:30

Covered all ER2 Short @ 827.90 --> + 0.3 13:34

I will quit while ahead c u all tomorrow 13:36

<codehead> exit half YM +7 <paper> 13:40

<NihabaAshi> Shorts ER2 @ 827.20 -> small size 13:41

<codehead> exit remainder YM +11 <paper>

<NihabaAshi> Covered ER2 Short @ 826.70 --> + 0.5 13:44

I'm done for the day. 13:48

<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) 13:49

<pdays> FOMC min are out 13:59

<RussellDaytrade> Covered all ER2 Short @ 825.2 --> + 0.9 «« paper »» 14:01

looking to short them again

Shorts ER2 @ 826.1 «« paper »»

still short 2 from yes at ap 817.5, ganing on it. :) 14:02

and now a third at 826.1

Shorts ER2 @ 827.4 -> Add «« paper »» 14:05

ap now at 822.1 on 4. with profits included, (exclusive of pfts used to offset the closing of short from 819.5) ap is closer to 823. damn sight better then yesterday, and improving little by little. 14:11

<ItalianSharp> looks like volatility is gone...not expecting much for the remainder of the day...gonna shut down my platform and go watch some champions league games...see you all tomorrow 14:36

<RussellDaytrade> so long IS 14:37

<eminitrader> later IS 14:39

anyone tossing a coin

<RussellDaytrade> you mean like, 820 before 830? 14:40

<eminitrader> lol

something like that RS :)

ES pretty much end up a inside day 14:41

<RussellDaytrade> Obama is beating Hilary to the punch on the campaign/money-drubbing trail.

he's about one step ahead of her consistently, thus far. 14:42

<eminitrader> need to hear him talk...say he's really good at giving speeches

<RussellDaytrade> i think he will raise the standard of the rhetoric, at least as applies to him, by successfully avoiding getting drawn in to the bs of mud-slinging. i htink it will reflect well on him, and make him even more of a viable candidate, (which is just he opposite results his opponents desire). 14:46

and that includes both dems and reps, in reference to his opponents. 14:47

last gasp up for the er in here? 14:48

can it now go into a swan dive for a day or so?

<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) 14:58

<RussellDaytrade> another day in the salt mines, had a couple glimmers of good luck, and am happy for them. they have come before, and they will come again. 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) 16:10

<NihabaAshi> See all tomorrow. 16:27

* DisconnectedSession Close: Wed Feb 21 16:27:46 2007

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