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February 24th Friday 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: Fri Feb 24 09:30:59 2006Session Ident: #futurestrades
* Now talking in #futurestrades09:30
<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> I'm in profit protection mode for the remainder of February...09:32

Small size only and cherry picking my trades.
<eminitrader>  Shorts ES @ 1290.50 09:33
  Covered 1/2 ES Short @ 1289 --> + 1.5 09:35
<togglex> short ym 1105709:41

close short ym 11061 -4
<eminitrader>  Covered Remainder ES Short @ 1290.25 --> + 0.25 09:44
<pdays>  Long ER2 @ 732.8 «« paper »» 09:51
<eminitrader>  Shorts ES @ 1291 09:53
<jperl>  Long ER2 @ 732.10 09:56
<eminitrader>  Covered 1/2 ES Short @ 1290 --> + 1 09:57
<jperl>  Exited ER2 Long @ 732.80 --> + 0.7
<eminitrader>  Covered Remainder ES Short @ 1290.75 --> + 0.25 09:58
<danshirley>  Shorts YM @ 11072 «« paper »» 10:03
<jperl>  Long ER2 @ 732.50 10:15
<danshirley>  Covered 1/2 YM Short @ 11067 --> + 5 «« paper »» 10:16

exit stop moved to breakeven YM @ 11072 «« paper »» 10:17
<jperl>  Exited ER2 Long @ 732.80 --> + 0.3 10:18
<danshirley>  exit stop lowered YM @ 11070 «« paper »» 10:19
<NihabaAshi>  Shorts ER2 @ 732.20 -> small size
<jperl>  Shorts ER2 @ 732.30
<NihabaAshi> jperl...I think we stole a great entry if this can test 731.5010:20
<jperl> I'm looking for 731.10
<NihabaAshi> I'm looking for a pt level of 730.50 or WRB...whichever comes first.10:21
  exit stop lowered ER2 @ 732.10
<jperl>  Covered ER2 Short @ 731.20 --> + 1.1 10:22
<danshirley>  exit stop lowered YM @ 11065 «« paper »»
<jperl> pulled that one out of the fire10:23
<NihabaAshi>  Trailing Stop Hit ER2 @ 732.10 --> + 0.1 10:24
 Oh well...maybe next time :)
<danshirley>  Trailing Stop Hit YM @ 11065 --> + 7 «« paper »» 10:25
<NihabaAshi>  Long ER2 @ 733.30 -> small size
 Pattern signal was @ 732.70 :(10:26
 Chased it 3 ticks beyond my chase range.
  Exited all ER2 Long @ 732.30 --> - 1 10:30
  Long ER2 @ 732.30 -> small size 10:33
  Exited all ER2 Long @ 731.40 --> - 0.9 10:37
  Shorts ER2 @ 731.00 -> small size 10:38
 Still small size but now its a 2 contract position.
<WannaBeBOS> sure is choppy10:39
<NihabaAshi> I need at least 1 point on this trade to be profitable for the day with commissions payed.10:40
<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.10:42
<jperl>  Shorts ER2 @ 731.10 10:43
<NihabaAshi> That first short I traded that had its trailing stop picked off for a 1 tick profit is looking like the key trade of the day for me especially since it reached its pt target of 730.50 without me still in that original trade :(10:44
<codehead> :-/
<WannaBeBOS> institutions are messing with us10:46
<jperl>  Covered ER2 Short @ 730.30 --> + 0.8 10:47
  Shorts ER2 @ 731.60 10:49
<NihabaAshi> It's end of the month and I think the big boys need to get some things cheap (discounted prices) if they have the intentions to push this higher...10:50
<jperl>  Covered ER2 Short @ 731.20 --> + 0.4
<NihabaAshi> ONe of the reasons why I've had a bearish bias for the past few trading days in ER2.
<jperl>  Shorts ER2 @ 731.30 10:52
<codehead> you mean with the dbl top?10:54
* les is now known as lesAway
<NihabaAshi> No...I don't see a potential double top in ER2 unless it retest the 740.00 price area.10:56
<codehead> k--what is it that's bugging you about ER?
<NihabaAshi> ER2 doing ok...nothing wrong with it.
<codehead> oh, i misread your post, sorry10:57
<NihabaAshi> I would like to see it retest the 725.00 area prior to testing the 740.00 price area.
<codehead> " for the past few trading days in ER2."-- i read "... _is_ ER2."
<NihabaAshi> Past few trading days has been bearish...10:58

Nothing wrong with that.
<codehead> yes
<NihabaAshi> Would like for it to retest the 725.00 prior to the first trading day in March.

March is a market seasonal tendency pattern for ER2.10:59

The 725.00 price area is an easy target for ER2 to reach prior to March in comparison to the 740.00 price target.11:00

I'll be looking for some big trades in ER2 the first week of March :)
<jperl>  Covered ER2 Short @ 732.20 --> - 0.9 11:01
  Shorts ER2 @ 733.80 11:26
  Covered ER2 Short @ 733.70 --> + 0.1 11:35
 yuk
<NihabaAshi>  Covered all ER2 Short @ 734.10 --> - 3.1 11:36

yuk here also :(

I put in a wide stop in the top part of ER2 range for worst case scenario.

This is setting up for a range day between 734 and 730.30 (WRB extremes).11:38
<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.11:54
* lesAway is now known as les11:57
<NihabaAshi> Just got back...looks like a creeper uptrend.12:36
  Shorts ER2 @ 735.50 -> small size 12:46
 3 contracts only.12:47
  Covered all ER2 Short @ 736.30 --> - 0.8 12:55
 Creeper uptrend...I'm done...trading will get worst (creeps higher) or frustrating via selling off for no technical reasons.12:56
 Not willing to up my size to normal to offset any losses.12:57
 Will just leave things the way it is.
<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.13:06
<WannaBeBOS> creeper indeed13:26
<jperl>  Long ER2 @ 734.80 13:46

Exited ER2 Long @ 735.20 --> + 0.4 13:54
<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.14:15
<jperl>  Long ER2 @ 736.10 14:17
<toggley> long ym 11060
* toggley is now known as togglex14:18
<togglex> close long ym 11064 +414:24
<jperl>  Exited ER2 Long @ 737.50 --> + 1.4 14:38
<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.15:27
<NihabaAshi> Wow...each time I come back from doing personal stuff...ER2 is up higher by several points.15:36
<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.16:39
<NihabaAshi> Take care all and have a nice weekend.17:08
<WannaBeBOS> see you niha
* 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.17:51
* DisconnectedSession Close: Fri Feb 24 23:49:54 200619:39

 

ER2

-10.40

($1,040.00)
Trading Perspective: Today was what I've often call a "lazy trading day" when trading small size. Such trading days will often result in a big losing trading day. Yet, such doesn't occur often and two consecutive profitable trading days usually makes back the lost income.

Other than that...I had many opportunities to go Long and just didn't care and I usually get like that at the end of the month of a very profitable month.

Simply, I'm mentally exhausted and will use early next week as a time to regain my mental awareness about the markets.

In addition, I'll be looking to do some swing trades in ER2 because March is a "market seasonal tendency" month for ER2 and I'll be looking for specific pattern signals that merits a swing position. 

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.

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