#FuturesTrades realtime trade posting on IRC Othernet server for full-time and part-time traders

February 2006 Trade Log Archived Trade Logs Trading Strategies

Light Crude Oil CL Eurex DAX EuroFX EC Russell Emini ER2 S&P Emini ES Nasdaq Emini NQ Mini-Sized Dow YM 10 Year T-Notes ZN

To see other trading instruments annotated charts...click here.

February 28th 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: Tue Feb 28 09:27:41 2006Session Ident: #futurestrades

* Now talking in #futurestrades 09:27

<X> [NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab

<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. 09:42

<danshirley> Existing home sales,chicago PMI,Consum confidence at 10 09:45

<NihabaAshi> Shorts YM @ 738.30 -> small size 09:46

No pattern signal...just intuition.

<jperl> Shorts ER2 @ 738.70 09:47

<jperl> Covered ER2 Short @ 738.60 --> + 0.1 09:51

<NihabaAshi> I need to be careful because of those pending 10am est key economic numbers. 09:52

Tightening up my stop now...

exit stop lowered YM @ 738.20 09:53

Ooops...ER2.

<jperl> Long ER2 @ 737.50 09:54

<NihabaAshi> Covered 1/3 ER2 Short @ 737.20 --> + 1.1 09:59

exit stop lowered ER2 @ 738.10

<danshirley> U.S. JAN. EXISTING HOME SALES FALL 2.8% TO 6.56MLN PACE 10:00

U.S. FEB. CONSUMER CONFIDENCE BELOW CONSENSUS 103.9

U.S. JAN. EXISTING HOME SALES LOWEST SINCE FEB. 2004 10:01

U.S. FEB. CONSUMER CONFIDENCE DN TO 101.7 VS. REV JAN. 106.8

U.S. FEB CHICAGO PMI 54.9 VS 58.6 EXPECTED 10:02

numbers all weak

Shorts YM @ 11079 «« paper »» 10:04

<jperl> Exited ER2 Long @ 735.60 --> - 1.9 10:05

<NihabaAshi> Covered 1/3 ER2 Short @ 735.70 --> + 2.6

<danshirley> Covered 1/2 YM Short @ 11074 --> + 5 «« paper »»

Covered Remainder YM Short @ 11068 --> + 11 «« paper »» 10:09

<NihabaAshi> Not good...President Bush is on TV live... 10:11

I don't know if he's in the U.S. or in Italy... 10:13

Anybody knows ?

<WannaBeBOS> nope

nice short niha

<NihabaAshi> Well...it should be at 734 by now but Bush appearance on TV is preventing such :(

Market usually stalls in any trend to try to figure out what Bush is saying or if its important. 10:14

Covered Remainder ER2 Short @ 734.00 --> + 4.3 10:15

<PapaJon> it appears to be in italy

but not completely sure

<jperl> Shorts ER2 @ 734.50 10:16

<NihabaAshi> Yep because it sounds like there's a lot of Italian reports asking questions.

reports = reporters

<jperl> Covered ER2 Short @ 734.90 --> - 0.4 10:17

<PapaJon> yah.. but.. the italian reporters could just be part of the italian entourage 10:18

<danshirley> do th eitalian reporters have texas accents? 10:19

<PapaJon> there appears to be both italian and american reporters present 10:21

<danshirley> Shorts YM @ 11076 «« paper »»

<PapaJon> presidents and prime ministers typically travel with an entourage of reporters

<NihabaAshi> Papa...I didn't think about that...Italian Prime Minister visiting the U.S. and Bush being asked questions by the Italian entourage. 10:22

<PapaJon> right

or viceversa

but my gut feeling is that it was here in usa 10:23

at the close... the bluster from the gallery soounded more american than italian

<danshirley> Euro spiked on data but FTSE is down

Covered all YM Short @ 11073 --> + 3 «« paper »» 10:28

<NihabaAshi> I got no re-short entry signal on that rollover back dowwards after the counter-thrust :(\ 10:31

:(

<danshirley> The entry signal was me covering :-) 10:32

<jperl> Long ER2 @ 734.20

<pdays> Long ER2 @ 734.3 «« paper »» 10:33

<jperl> Exited ER2 Long @ 734.30 --> + 0.1 10:35

<NihabaAshi> Shorts ER2 @ 733.30 -> large size 10:36

Covered ER2 Short @ 733.80 --> - 0.5 10:39

Reverse and Enter Long ER2 @ 733.80

EuroFX rolling over...too much pressure on my ER2 short :(

<danshirley> GOOG dumpster diving 10:40

Google CFO Says Search Monetization Gains Largely Realized; Growth Slowing And Now Organic 10:43

GOOG down 50 points

<NihabaAshi> Millionaire Shorters being made today in GOOG. 10:44

Anybody in here getting jumping quotes in ER2 ??? 10:46

Exited ER2 Long @ 733.30 --> - 0.5

Reverse and Enter Short ER2 @ 733.30

<WannaBeBOS> nope 10:47

smooth

<NihabaAshi> I dumped my ER2 at 734.10 and got filled at 733.30 :(

Shorts ER2 @ 733.30 -> Add 10:48

<WannaBeBOS> wow 10:49

<NihabaAshi> Everything seems ok now...no more jumpy quotes. 10:51

Covered all ER2 Short @ 734.10 --> - 1.6 10:53

Geesh. 10:54

<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.

<WannaBeBOS> sorry niha

<NihabaAshi> Something weird is going on...

<WannaBeBOS> goog news

<NihabaAshi> Yes...but it shouldn't cause me to get quotes at .40 to .60 points apart on each tick. 10:55

I just saw a 733.80 tick and the next tick was 734.30 10:56

<WannaBeBOS> er is still pretty thin when you think about it

<PapaJon> sounds like a talk with your broker is in order.. i assume you recorded this? 10:58

<NihabaAshi> Shorts ER2 @ 733.90 -> large size 10:59

<WannaBeBOS> a talk or a beatdown

<NihabaAshi> No...not recording it...will after I close this trade.

Data vendor quotes aren't the same nor is my broker quotes... 11:00

Three sources not even close to each other.

I lost 13.20 points during that quote jumping crap. 11:06

<PapaJon> that sucks... :(( 11:07

<danshirley> YM low exactly 11000 11:09

<NihabaAshi> I need a 731.70 to fix the damage from the last few trades. 11:12

<jperl> I already have a low of 731.40

<NihabaAshi> Covered all ER2 Short @ 731.60 --> + 2.3 11:13

Thanks jperl...I didn't have that :(

<jperl> yw

<NihabaAshi> I'm done trading and will do a reboot since my charts by different data source are also being affected. 11:14

Be right back...

* NihabaAshi is now known as NihabaAshi_away

* DisconnectedSession Close: Tue Feb 28 11:15:05 2006 11:15

Session Start: Tue Feb 28 11:49:20 2006Session Ident: #futurestrades

* Now talking in #futurestrades 11:49

<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 is now known as NihabaAshi_away 11:55

<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. 12:06

<jperl> Long ER2 @ 731.70 13:01

<WannaBeBOS> like it j 13:14

<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. 13:18

<jperl> Exited ER2 Long @ 733.40 --> + 1.7 13:26

Long ER2 @ 734.50 13:33

Exited ER2 Long @ 733.90 --> - 0.6 13:37

<WannaBeBOS> nice on the 1.7 jp 13:38

<jperl> tx...this last trade had a tight stop...probably too tight

<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. 14:30

<NihabaAshi_away> Long ER2 @ 730.80 -> small size 14:57

1 contract only due to data problems today...don't want to risk my normal small size. 14:58

* NihabaAshi_away is now known as NihabaAshi

<NihabaAshi> Exited ER2 Long @ 730.90 --> + 0.1 15:05

Trailing stop hit :( 15:06

Shorts ER2 @ 730.10 -> small size 15:09

Chasing a little here...will be careful.

Covered ER2 Short @ 730.70 --> - 0.6 15:11

<NihabaAshi> Reversed and entered Long ER2 @ 730.70 -> small size 15:11

<NihabaAshi> Exited ER2 Long @ 731.40 --> + 0.7 15:16

Long ER2 @ 730.50 15:21

1 contract only still.

exit stop raised ER2 @ 730.60 15:29

As soon as ER2 hit a pt2 level...if just flipped over when it hit 732.90 on very thin volume. 15:32

Geesh... 15:35

Trailing Stop Hit ER2 @ 730.60 --> + 0.1

<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. 15:42

<WannaBeBOS> somebody was flashing a 600 order

<NihabaAshi> Long ER2 @ 731.30 15:44

1 contract again. 15:45

<WannaBeBOS> nice february niha 15:53

<NihabaAshi> Yep...trying to get properly prepared for a nice March if I can time things just right. 15:54

<WannaBeBOS> well. it will be here right on time! 15:55

<NihabaAshi> Last year's profits increased in comparison to prior years...

What's significant is that my position size on each trade was on average about 2 contracts less :) 15:56

In comparison to prior years.

Thus, I've become more efficient in my trading with less size.

Less risk exposure too :)

<WannaBeBOS> incredible 15:57

<NihabaAshi> I've also increased my percentage of "reversing" a trade... 15:58

Taking me less time in admitting when I'm wrong about the market direction.

<WannaBeBOS> you have become great at that

<NihabaAshi> Exited ER2 Long @ 730.40 --> - 0.9 16:00

Wow...surely my 1 contract didn't cause the bottom to fall out :)

<WannaBeBOS> that gets old >:( 16:01

<NihabaAshi> Long ER2 @ 730.20 16:02

ER2 institutions sending a message with the drop...

Be careful in March :)

<WannaBeBOS> goog led it 16:03

<NihabaAshi> Spike down in GOOG ?

<WannaBeBOS> yes

<NihabaAshi> It didn't affect the other Eminis :(

<WannaBeBOS> the er dropped nicely 16:04

<NihabaAshi> I have another -0.9 stop in just in case it does it again. 16:05

Will tighten up the stop if ER2 reaches 731.00

exit stop raised ER2 @ 730.30 16:10

<WannaBeBOS> trying to pick that one 16:14

<NihabaAshi> Exited ER2 Long @ 730.50 --> + 0.3

February is in the books...10 more to go :) 16:15

<WannaBeBOS> yep 16:18

lets make them great

<NihabaAshi> Just a reminder...March is a big month for ER2... 16:29

<goodmood> what do you mean by "big" ?

<NihabaAshi> Thus, if you think you caught a trend...try to ride it a little longer than what you normally do. 16:30

Simply, its a good month to get greedy :)

<goodmood> so its a trendy month

<WannaBeBOS> bring it on! 16:31

i am all about greed

<NihabaAshi> Goodmood...not a trendy month... 16:33

Its a month where reversal signals have follow-through to higher profit target levels.

<goodmood> ok

<NihabaAshi> Take care all and see all tomorrow. 16:47

* NihabaAshi is now known as NihabaAshi_away

<goodmood> bye Niha

* DisconnectedSession Close: Tue Feb 28 16:50:20 2006 16:50

ER2

+8.30

$830.00

Trading Perspective: Today wasn't suppose to be a difficult trading day but the data problems I had (computer problem due to some software being updated in the background without my knowledge) caused me to get some weird fills when using market orders during a time when volatility was low.
As a result, I then lower my contract size to a 1 contract only small position just in case I had other computer issues until I can take a closer look at my system later tonight.

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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