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.

March 1st Wednesday 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: Wed Mar 01 09:29:44 2006Session Ident: #futurestrades
* Now talking in #futurestrades09:29
<X> [NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab
<danshirley> CBS suing Stern and SIRI09:30
<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.
<NihabaAshi>  Long ER2 @ 733.80 -> small size 09:32

My overall bias for swing trading is bearish.09:33

However, my current bias for day trading is bullish.09:34

My task for today is to properly manage my position size via my different bias.

CME exchange announced more traders are trading there products...up about +25%09:36
<PapaJon> good.. more liquidity09:38
<NihabaAshi> Yep.09:40

We have key economic reports at 10am est and then again at 1030am est.

Exited ER2 Long @ 733.50 --> - 0.3 09:47

Reverse and Enter Short ER2 @ 733.50

Reversed into a Large position.
<danshirley>  Shorts YM @ 11036 «« paper »» 09:48
  exit stop set YM @ 11045 «« paper »» 09:49
 numbers in 1009:50
<NihabaAshi> I actually got filled at 733.60 but will leave the 733.50 post as it is.

Tightening up my stop.09:55

exit stop lowered ER2 @ 733.40

Punks09:56

Trailing Stop Hit ER2 @ 733.40 --> + 0.1

Long ER2 @ 733.40 -> small size 09:57
<eminitrader>  Shorts ES @ 1286.50 09:58
<danshirley> numbers in 2
<NihabaAshi> Yep...have a tight stop.
  exit stop raised ER2 @ 733.00 09:59
<danshirley> U.S. JAN. CONSTRUCTION OUTLAYS UP 0.2% VS. 1.3% EXPECTED10:00
<NihabaAshi>  Trailing Stop Hit ER2 @ 733.00 --> - 0.4
<PapaJon> sheesh... er2 a wild ride today

gettin whiplash...10:01
<danshirley> U.S. FEB. ISM MANUFACTURING INDEX 56.7% VS 54.8% IN JAN.
<NihabaAshi> Yep...yet I'm getting fills at 1 tick better :)
<danshirley> U.S. FEB. ISM MANUFACTURING INDEX ABOVE 55.8% CONSENSUS
<PapaJon> wow.. nice niha... making up for yesterday?

you have a serious talk with your broker... lol10:02
<NihabaAshi> Yesterday was a joke...getting fills at 0.4 to 0.8 away from the price it showed when I hit the entered button...crazy.10:03
<danshirley>  Covered all YM Short @ 11033 --> + 3 «« paper »» 10:05
<eminitrader>  Covered 1/3 ES Short @ 1285.50 --> + 1
<WannaBeBOS> choppy
<NihabaAshi>  Long ER2 @ 732.90 -> small size 10:06
<eminitrader>  Covered Remainder ES Short @ 1286.25 --> + 0.25 10:09
<NihabaAshi> I'm only down -1.50 total today...
 Don't need much on this 3 contract to be profitable and possibly setup a trade reversal into a Short position.10:10
 If I reverse my trade...it will be into a large short.
  Exited ER2 Long @ 732.50 --> - 0.4 10:11
  Reverse and Enter Short ER2 @ 732.50
 Need a minimum of 732.0010:13
 Especially with 1015am est around the corner...that's when the volatitlty picks up in pre-reaction to the EIA Petroleum Status Report.10:14
  Covered 2/3 ER2 Short @ 731.50 --> + 1
<WannaBeBOS> that oil report doesnt do much anymore10:15
<NihabaAshi> I think we are getting use to the prices :(10:16
<WannaBeBOS> most reports these days dont do much
<NihabaAshi> It needs to reach $80 to be the talk of the town again :)\
<eminitrader>  Long ES @ 1284
<screenstruck> Hi I am new and am taking it all in..(stll reading the guidelines)10:17
<NihabaAshi> Hi screenstruck...welcome.

I think GOOG is being more watched today in comparison to the EIA Petroleum Report.10:18
<WannaBeBOS> indeed
 welcome screen
<NihabaAshi>  Covered Remainder ER2 Short @ 732.40 --> + 0.1 10:20
<screenstruck> thanks.... Ill logout..(still waiting for IB papertrade and Qcharts access)
<NihabaAshi> Ok.10:21

Long EuroFX @ 1.19520 -> small size 10:22
<eminitrader>  Exited 1/3 ES Long @ 1285.50 --> + 1.5 10:33
  Exited Remainder ES Long @ 1285.25 --> + 1.25 10:35
<NihabaAshi>  Exited all EuroFX Long @ 1.19540 --> + 0.0002 10:36

Wanna...your right...

EIA had no volatility reaction on the Eminis nor EuroFX :(

Geeesh.10:37
<WannaBeBOS> stinks
<NihabaAshi>  Long ER2 @ 734.30 -> small size 10:41
<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
<danshirley> The Energy Department said crude inventories rose 1.6 million barrels for the week ended Feb. 24 to total 328.3 million. That's 9.1 % above the year-ago level10:43
<NihabaAshi>  Exited 2/3 ER2 Long @ 735.40 --> + 1.1 10:46
  exit stop raised ER2 @ 734.50 10:47
 If it retraces hard with momentum...I'll most likely actually get out around 734.60 or 734.7010:48
<danshirley>  Shorts YM @ 11040 «« paper »» 10:59
<NihabaAshi>  Exited Remainder ER2 Long @ 737.40 --> + 3.1 11:15
<PapaJon> er2 just closed its hidden gap from yesterday11:33

es and ym have yet to accomplish this11:34
<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
<NihabaAshi>  Shorts ER2 @ 742.20 -> small size 15:06

1 contract only...doing a little probing in ER2 at this level.
<substanz>  Shorts YM @ 11067 15:11
<NihabaAshi>  Covered ER2 Short @ 742.90 --> - 0.7 15:16

Reverse and Enter Long ER2 @ 742.90

Another intuition trade...no pattern signal...just probing ER2.15:17
<WannaBeBOS> probing = bored?
<NihabaAshi> I usually have difficulty in understanding the price level if I'm not in a trade...15:18
<WannaBeBOS> lol. j/k niha
<NihabaAshi> These 1 contract positions helps me as I try preparing for a possible swing trade position if a signal appears...

So far...nothing.
<substanz>  Covered all YM Short @ 11077 --> - 10 15:19
<NihabaAshi>  Exited ER2 Long @ 743.40 --> + 0.5 15:20
<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>  Shorts ER2 @ 743.50 -> small size 15:35

1 contract only.

Last trade of the day.15:37

Covered ER2 Short @ 743.00 --> + 0.5 15:41

Need only 743.10 on that.15:42

Meant...needed only 743.10 and got 743.00

Interesting price levels here going into tomorrow's 0830am est Jobless Claims Report :)15:43

I'll be up early and ready to go before 0830am est.15:44

Will be paying close attention to Eurex DAX for some clues.15:45
<substanz>  Shorts YM @ 11056 15:51
<WannaBeBOS> great day here15:56
<NihabaAshi> That's an impressive uptrend in ER2...a lot of it was creeper uptrend...15:59
 Difficult to short and difficult to go long (creeper uptrends).
 Usually the best trade entries are in the early part of the uptrend.16:00
 ER2 is on steroids...that's a nice bounce back up to the 744.00 price area.16:12
<substanz>  Covered all YM Short @ 11057 --> - 1 16:13
<NihabaAshi> Take care all and see all tomorrow.16:27
* NihabaAshi is now known as NihabaAshi_away16:28
<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
* Disconnected  17:37

 

Trader's

Books

Videos

DVD

VHS

PAL

Audio

Click Here

 

 
ER2 EuroFX EC
+7.10 +0.0006
$710.00 $75.00

Trading Perspective: Trading day was ok while not great. Missed an easy and repetitive short signal in EC soon after my exit of a Long position.

As for ER2...I'm satisfied with the result even though I was trading small size only via Long positions due to my overall bearish bias about the market. 

Today's results shown above 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.

 


We are proud to say that our members are from the following geographical areas in the world:

Argentina, Australia, Belgium, Brazil, Canada, Denmark, France, Germany, Greece, Hong Kong (China), Israel, Italy, Japan, Mexico, Portugal, Puerto Rico (U.S.), Saudi Arabia, Singapore, Spain, United States and Venezuela.

Last of all, if you have any questions about either #EminiFutures general market chat room, #FuturesTrades realtime trade posting room or the two realtime strategy discussion rooms used by traders with access to our strategies called #TheStrategyLab and #SwingTradingTSL...

Don't hesitate to ask your questions and we'll reply back as soon as possible.

Sincerely,

M.A. Perry and Associates

TheStrategyLab.com

questions@thestrategylab.com

"The point of this whole exercise is to make money. Everything else is just conversation." --Jonathan Hoenig


Home · · About Us · · Accolades · · Trade History

Trading Strategies · · Manual · · Trader Consultation

Discussion Forums · · Japanese Candlesticks · · Traders Library

Live Chat Rooms · · Seminars · · Computer System Setup

Refund Policy · · Cash Rebate Program · · Referral Program

Contact · · Feedback · · Privacy · · Disclaimer


Copyright © 2002-2006. The Strategy Lab. All rights reserved.