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March 2nd Thursday 2006 Trade Log
#FuturesTrades is a private and free realtime trading posting room on the IRC Othernet server.
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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).
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Session Start: Thu Mar 02 08:34:42 2006Session Ident: #futurestrades * Now talking in #futurestrades 08:34 <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> Shorts EuroFX @ 1.19680 -> small size 08:47 <WannaBeBOS> gm niha <NihabaAshi> I wanted a trade in ER2 but it has no volatility in response to the 0830am est Jobless Claims report :( 08:48 Excellent volatility in EuroFX...as usual in response to these key economic reports. Covered 2/3 EuroFX Short @ 1.19540 --> + 0.0014 08:49 <WannaBeBOS> reports just dont move us anymore 08:50 <NihabaAshi> That's why about 3 months ago I started spending more time with EuroFX... I perform well when there's volatility in reaction to key economic reports or any other regular schedule market event. 08:51 exit stop lowered EuroFX @ 1.19670 If EC counter-thrusts backupwards with some momentum (volatility)...I'll cover the remainders around 1.19660 or 1.19650 instead of letting my trailing stop get hit. 08:53 <WannaBeBOS> ok 08:55 i have been looking into the euro <NihabaAshi> It moves like YM...but a little faster...cost per tick is higher (more risk) at $12.50...responds excellent to key economic reports (more follow-through to profit targets)...less whipsaws. 08:59 <WannaBeBOS> right. trends nicely when it does move <pat255> gm all 09:01 <WannaBeBOS> gm pat 09:03 <pat255> gm wannabeb 09:04 <eminitrader> morn pat255, WBB 09:05 <pat255> morn emini 09:06 <NihabaAshi> Good morning all 09:11 <eminitrader> morn niha 09:12 <pat255> morn niha 09:13 <WannaBeBOS> gm <danshirley> futures edged lower Thursday as a missed interest payment by Dana Corp. unnerved investors, and data began to filter in suggesting that same-store sales growth won't be as strong in February as it was in January 09:17 <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. 09:18 <danshirley> U.S. initial jobless claims rose by 15,000 to 294,000 in the week ending Feb. 25, while the number of workers collecting state unemployment benefits fell to a five-year low. 09:19 The European Central bank raised its key interest rate to 2.5% from 2.25%, as expected 09:20 FTSE is way down right now 09:21 nothing at 10 Covered all YM Short @ 11019 --> + 21 «« paper »» 09:22 clear the deck :-) 09:23 <PapaJon> gm all 09:28 <NihabaAshi> Shorts ER2 @ 741.40 -> large size 09:35 Covered 2/3 ER2 Short @ 740.80 --> + 0.60 09:38 Still holding my remainder Short of 1 contract in EC. Holding 2 contracts ER2 and 2 contracts EuroFX EC. 09:40 Covered Remainder EuroFX Short @ 1.19600 --> + 0.0008 09:44 <pat255> bounes still furious in er <NihabaAshi> Covered 2/3 ER2 Short @ 741.00 --> + 0.40 09:45 Getting too jumpy...that made it far "too difficult" to manage both ER2 and EuroFX at the same time... Only option was to dump them :( 09:46 <pat255> jumpy open ... <NihabaAshi> I met one guy to day trades at the same time ES, EC, ZN and GOOG. 09:48 Geeesh...I got brain freeze just trading ER2 and EC at the same time :( <WannaBeBOS> thats a lot <NihabaAshi> Not just a lot...all 4 have such different price action... 09:49 <pat255> goog can give u hear attack ..up/down <NihabaAshi> I just can't imagine how he's able to multi-task trading like that...seems like a sure way to an early heart attack or early aging :) <pat255> lol 09:50 * WannaBeBOS is now known as BOS-bbl 09:54 <danshirley> Shorts YM @ 11019 «« paper »» 09:56 <NihabaAshi> Shorts ER2 @ 739.50 -> large size 09:58 <danshirley> Covered 1/2 YM Short @ 11007 --> + 12 «« paper »» exit stop moved to breakeven YM @ 11019 «« paper »» <NihabaAshi> If this trade can test the 738.00 price area...I'll covert my remainders into a Swing Trade... Trying to exploit that March "market seasonal tendency" about ER2. 10:00 Hopefully it didn't start early at the higher price level in the overnight trading session (no wiggle room for the swing). 10:01 Covered 1/2 ER2 Short @ 738.00 --> + 1.5 10:02 Remainders are now a swing position and will just leave it alone to see what happens. Looking to hold this position for several trading days or more...as long as my breakeven trailing stop isn't hit. 10:03 <pat255> nice niha ...dang missed it <NihabaAshi> I missed it too at a higher price level around 0830am est :( 10:04 <danshirley> Covered Remainder YM Short @ 11010 --> + 9 «« paper »» <NihabaAshi> Thus, no wiggle room to survive any counter-thrusts. exit stop moved to breakeven ER2 @ 739.50 :( 10:06 Trailing Stop Hit ER2 @ 739.50 --> 0 I still have the swing trade bearish bias... Can only hope ER2 moves higher and then hope it gives me another Short signal. 10:07 Preferrably after it makes new intraday highs. <danshirley> Shorts YM @ 11019 «« paper »» 10:11 <NihabaAshi> Long EuroFX @ 1.19970 -> small size 10:12 <danshirley> Covered 1/2 YM Short @ 11012 --> + 7 «« paper »» 10:14 exit stop moved to breakeven YM @ 11019 «« paper »» <NihabaAshi> Exited EuroFX Long @ 1.19940 --> - 0.0003 10:16 Reverse and Enter Short EuroFX @ 1.19940 Will add if it picks up momentum downwards. 10:17 <danshirley> Trailing Stop Hit YM @ 11019 --> 0 «« paper »» 10:18 <NihabaAshi> Covered all EuroFX Short @ 1.19980 --> - 0.0004 10:21 Long EuroFX @ 1.20000 -> large size 10:22 Need a minimum of 1.20040 to be profitable among my last 3 EC trades. 10:24 I'm running out of time...1030am est Natural GAS report is next . 10:27 <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. 10:30 <pat255> Natural Gas Inventory fell 171 bcf to 1972 bcf, analysts were expecting a fall of 151 bcf, ranging from a fall of 120-180 bcf 10:31 <danshirley> U.S. NATURAL GAS SUPPLIES DOWN 171 BLN CUBIC FT: ENERGY DEPT 10:32 <NihabaAshi> Exited 1/2 EuroFX Long @ 1.20070 --> + 0.0007 10:36 I have an order in for 1.20130 10:37 For the remainders. Exited EuroFX Long @ 1.20010 --> + 0.0001 10:40 Reverse and Enter Short EuroFX @ 1.20010 :( 10:41 I'm missing out on ER2. 10:42 <pat255> eue stuck afterthat big jump 10:48 <NihabaAshi> Covered all EuroFX Short @ 1.19990 --> + 0.0002 <pat255> eue=eur <NihabaAshi> I dump that a little early because I want a clear head to monitor ER2 closely for any Short swing trade signals. <danshirley> Treas are down a bit hard today 10:52 <pdays> Long ER2 @ 747.15 «« paper »» 10:54 <NihabaAshi> I'm missing a nice retrace back downwards in EC...ER2 better do something bearish soon. 10:58 If ER2 hits 744.40 in the regular session trading... 11:01 <pdays> Exited all ER2 Long @ 749.1 --> + 1.95 «« paper »» <NihabaAshi> I'll go from a Bearish bias to a Neutral bias... Will stop looking for a swing trade. <pat255> it gonna do it .. <NihabaAshi> :( 11:02 <PapaJon> it sure is trying to 11:03 <NihabaAshi> If it does...I'll take a break (emotions control) and go shovel some snow outside. <pat255> not a bad idea ... 11:04 <danshirley> Shorts YM @ 11045 «« paper »» 11:09 <pat255> S es 19.75 11:10 91.75 <danshirley> Covered 1/2 YM Short @ 11040 --> + 5 «« paper »» 11:12 exit stop moved to breakeven YM @ 11045 «« paper »» 11:13 Trailing Stop Hit YM @ 11045 --> 0 «« paper »» 11:16 * BOS-bbl is now known as WannaBeBOS 11:21 <jperl> Long ER2 @ 743.40 11:28 taking bounce off VWAP 1st StdDev 11:29 http://charts.dacharts.com/2006-03-02/JP ERL_011.png 11:31 Exited ER2 Long @ 742.30 --> - 1.1 11:39 <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. 11:42 <NihabaAshi> Shorts ER2 @ 740.70 -> large size 11:47 <WannaBeBOS> with you 11:51 <NihabaAshi> :( 11:53 Need to do a reboot and will dump this trade. 11:54 Covered 1/3 ER2 Short @ 740.30 --> + 0.4 11:55 <WannaBeBOS> im hanging on for a while <NihabaAshi> Covered 1/3 ER2 Short @ 740.60 --> + 0.1 11:56 Covered Remainder ER2 Short @ 740.60 --> + 0.1 11:59 Be back later and I'm done trading. * NihabaAshi is now known as NihabaAshi_away <pat255> back to office c u all later ty 12:11 <WannaBeBOS> bye pat <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. 12:51 <togglex> long ym 11011 13:17 close long ym 11009 -2 13:21 * NihabaAshi_away is now known as NihabaAshi 15:16 <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. 16:24 <NihabaAshi> Take care all and see all tomorrow 16:47 * NihabaAshi is now known as NihabaAshi_away * DisconnectedSession Close: Thu Mar 02 17:18:14 2006 17:18
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ER2 EuroFX EC +8.90 +0.0045 $890.00 $562.50 Trading Perspective: I begin the trading day with a plan but things didn't go as planned. I wanted to try trading ER2 and EC at the same time with the goal of doing a swing trade in ER2 and day trading EC.
Instead, I found myself getting confused and misinterpreting the price action when switching my concentration from one trade position to another trade position.
In fact, I had one loser that was an entry order mistake. Luckily the loser was small and I was able to reverse the position into the opposite direction for a compensating profit.
Further, I will not attempt this type of multi-tasking trading style again until I develop a better trading plan for managing different trades in different trading instruments at the same time.
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.
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