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

March 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.

March 3rd 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 Mar 03 09:25:41 2006Session Ident: #futurestrades

* Now talking in #futurestrades 09:25

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

<pat255> gm all....mkt tank but looks like a trap for the shorts.. 09:26

<PapaJon> there u all are! 09:40

<NihabaAshi> Shorts ER2 @ 738.30 -> large size 09:45

I need to be careful with the 0945am est key econ report.

Along with the pending 10am est key econ report. 09:46

EuroFX may be the better trade in comparison to yesterday's price action. 09:47

I still have the overall bearish bias (swing trade) from the 744.00 price area. 09:48

<pat255> vn niha 09:49

<NihabaAshi> Didn't meant I had a swing trade...just a bias.

<pat255> ah ha k ...niha 09:50

<NihabaAshi> I tried a few times yesterday to establish a Short position as a swing trade...

<pat255> remember your comment

<NihabaAshi> Got nothing but peanuts and a lot of frustration.

<pat255> Michigan confidence is a little lower than exp. 09:51

<les> Shorts ER2 @ 737.3 09:52

<NihabaAshi> Covered 1/3 ER2 Short @ 737.00 --> + 1.3

<les> Covered all ER2 Short @ 736.8 --> + 0.5

<mispe> Shorts YM @ 11003

<NihabaAshi> exit stop lowered ER2 @ 738.00 09:53

<pat255> we chrun where we did most of yest afternoon 09:57

<NihabaAshi> Covered 1/3 ER2 Short @ 737.70 --> + 0.6

<jperl> Long ER2 @ 737.70

<NihabaAshi> Trailing Stop Hit ER2 @ 738.00 --> + 0.3 09:58

<mispe> Covered all YM Short @ 11008 --> - 5

<jperl> Exited 1/2 ER2 Long @ 738.70 --> + 1 10:00

<danshirley> U.S. FEB. ISM SERVICES ABOVE CONSENSUS 58.2% 10:01

U.S. FEB. ISM SERVICES 60.1% VS 56.8% IN JAN.

Shorts YM @ 11010 «« paper »» 10:02

<jperl> Exited Remainder ER2 Long @ 738 --> + 0.3

<pat255> S ym 10 paper 10:04

<NihabaAshi> Shorts EuroFX @ 1.20200 -> large size

<pat255> futs jumpy tuff to trade today

<NihabaAshi> :( 10:05

<danshirley> Covered 1/2 YM Short @ 11004 --> + 6 «« paper »»

<NihabaAshi> Covered 1/3 EuroFX Short @ 1.20050 --> + 0.0015 10:07

Covered 1/3 EuroFX Short @ 1.20100 --> + 0.001 10:08

<pat255> nice niha

dang too late to react

L eur .009 10:09

out 2016

k catch some pull back 10:10

<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. 10:12

<NihabaAshi> Covered Remainder EuroFX Short @ 1.20190 --> + 0.0001 10:13

It's a lucky trade because my entry signal was 7 ticks above.

I decided to chase it down to see if I would get lucky and not enter at a vicious bounce.

<jperl> ER2 market sitting on -1StDev of VWAP

http://charts.dacharts.com/2006-03-03/JP ERL_012.png 10:14

<danshirley> Covered Remainder YM Short @ 11010 --> 0 «« paper »» 10:15

<NihabaAshi> Long EuroFX @ 1.20300 -> small size

1 contract only

I think EC over-reacted and will fill in its Hidden GAP up around 1.20490 10:18

Thus, a pure intuition trade...no pattern signal.

Its amazing about the consistency when volatility picks up in the Eminis (its spiking)... 10:22

EuroFX EC just dies...very flat.

Then the vice versa when EuroFX EC volatility picks up and it spikes...

Eminis dies...they are flat. 10:23

I'll always be convince the big boys are playing a game via moving from one to the other with some size that gets them scaled in over a few minutes in time. 10:24

Exited EuroFX Long @ 1.20220 --> - 0.0008 10:29

Reverse and Enter Short EuroFX @ 1.20220

2 contract short position

Covered EuroFX Short @ 1.20300 --> - 0.0008 10:32

Reverse and Enter Long EuroFX @ 1.20300

Large position...looking for the gap after they spun me around a little.

<danshirley> Shorts YM @ 11032 «« paper »»

<jperl> ER2 now sitting on +1StDev of VWAP 10:35

http://charts.dacharts.com/2006-03-03/JP ERL_013.png

<danshirley> Covered 1/2 YM Short @ 11027 --> + 5 «« paper »»

exit stop set YM @ 11036 «« paper »» 10:36

<NihabaAshi> Crap

Exited EuroFX Long @ 1.20230 --> - 0.0007 10:37

Reverse and Enter Short EuroFX @ 1.20230

<mispe> Shorts YM @ 11027

Covered 1/2 YM Short @ 11022 --> + 5 10:38

<NihabaAshi> I'm caught trading the no volatility area of EC.

:(

Scalpers city.

<WannaBeBOS> very much so

<NihabaAshi> Surely there's a little more volatility before 11am est 10:39

<danshirley> exit stop moved to breakeven YM @ 11032 «« paper »» 10:41

<mispe> Covered Remainder YM Short @ 11027 --> 0 10:42

<danshirley> Trailing Stop Hit YM @ 11032 --> 0 «« paper »» 10:43

<jperl> Shorts ER2 @ 741 10:44

Covered ER2 Short @ 741.80 --> - 0.8 10:45

<les> Shorts ER2 @ 740.9 10:52

Covered all ER2 Short @ 740.4 --> + 0.5

<NihabaAshi> Shorts ER2 @ 740.00 -> large size 10:53

I had problems yesterday in trying to manage a possible swing trade position (ER2) and a day trade position (EC). 10:54

Lets see what happens if managing both as day trades.

Covered all EuroFX Short @ 1.20180 --> + 0.0005 11:00

<pat255> man this one tuff mkt 11:03

<NihabaAshi> Yep...nothing coming easy today...gotta work for it and then have a little luck. 11:04

<pat255> yeah ...back in the range 11:05

of yesterday

<NihabaAshi> Covered ER2 Short @ 739.00 --> + 1.00 11:07

:(

Thought I would get a little lucky and see a 735.00 on that trade.

<danshirley> Shorts YM @ 11018 «« paper »»

<NihabaAshi> Long EuroFX @ 1.20290 -> large size 11:08

<danshirley> Covered all YM Short @ 11007 --> + 11 «« paper »» 11:10

<pat255> niha what stop u keep on eur? 11:11

<NihabaAshi> I still need that 1.20350 price area at the minimum to reach my EC goal for the day...I'll then quit trading EC for the day. 11:12

Exited all EuroFX Long @ 1.20390 --> + 0.001 11:13

I'm done with EC...now turning my full attention on ER2. 11:14

<pat255> nice there niha

<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. 11:24

<NihabaAshi> Shorts ER2 @ 737.10 -> large size 11:31

Covered 1/3 ER2 Short @ 737.00 --> + 0.1 11:34

Covered 1/3 ER2 Short @ 737.00 --> + 0.1

<pat255> a bit dangerous here ...

<pdays> Shorts ER2 @ 737.0 «« paper »» 11:36

<NihabaAshi> Reason why I started dumping it to reduce my risk because I didn't like the price action soon after my entry.

Covered Remainder ER2 Short @ 737.00 --> + 0.1 11:37

<pat255> close to the lows now if it breaks will good .but er is a beast

<NihabaAshi> I'm going to relax a little and hope that ER2 powers upwards to make new intraday highs... 11:38

If that happens...I'll watch it closely for any short signals.

Heading to a long lunch. 11:39

* NihabaAshi is now known as NihabaAshi_away

<pdays> Covered all ER2 Short @ 738.0 --> - 1 «« paper »» 11:40

<jperl> Long ER2 @ 738.50 11:50

<danshirley> Dana filing for chapter 11

<jperl> Exited 1/2 ER2 Long @ 739.20 --> + 0.7 11:51

<PapaJon> who is dana? 11:57

<jperl> Exited Remainder ER2 Long @ 740.40 --> + 1.9

<PapaJon> nice trade jp

<jperl> tx

<PapaJon> :) 11:58

sheesh... 12:03

er2 doin its thing again

<danshirley> Dana is car parts provider for Gm and Ford...big company 12:04

<PapaJon> ah.. gotcha. thnx dan

<danshirley> missed interest payments yesterday 12:05

<pat255> c u all later 12:09

<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. 12:36

<pdays> Shorts ER2 @ 742.5 «« paper »» 13:00

<goodmood> Shorts ES @ 1296.75 13:45

<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. 13:48

* WannaBeBOS is now known as BOS-greedy 13:52

* NihabaAshi_away is now known as NihabaAshi 13:53

<NihabaAshi> Geeesh...I came back in hopes of catching a late afternoon Short... 13:54

ER2 only giving bullish signals.

Shorts YM @ 11102.00 -> large size 14:02

Covered all YM Short @ 11096.00 --> + 6 14:07

I no longer have the stomach for trading today...I'm done.

<goodmood> Covered all ES Short @ 1296.75 --> 0 14:10

<togglex> short ym 11092 14:24

<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. 15:00

* BOS-greedy is now known as WannaBeBOS 15:11

<togglex> oh i forgot to post exit at 11086 at 1430 15:53

too bad i didn't hold till now :)

<NihabaAshi> Hi DaveK51...welcome. 16:06

<DaveK51> thx

<NihabaAshi> Its a Friday...most are done trading by 3:30pm est.

If profitable...most are done earlier than that. 16:07

<WannaBeBOS> decent day here

sure has been whippy niha 16:09

<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> I hope next week is less whippy because to plan to be very aggressive on Monday and Tuesday of next week. 16:30

If things go well...I will slack off in my trading for the remainder of the week to get some important personal stuff done (home repairs). 16:31

Take care all and have a nice weekend. 16:38

* 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. 17:21

#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. 18:30

* Disconnected 18:37

* Attempting to rejoin channel #futurestrades 18:40

* Rejoined channel #futurestrades

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

* DisconnectedSession Close: Fri Mar 03 18:43:29 2006 18:43

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ER2 YM EuroFX EC

+11.00 +36.00 +0.0076

$1,100.00 $180.00 $950.00

Trading Perspective: An odd day of trading and maybe due to the fact I traded three different trading instruments today and at one point in time I had two positions open in two different trading instruments at the same time.

The difference today in comparison to yesterday's attempt to multi-task my trades is that today I was initiating trades via that as a day trade in comparison to yesterday I was initiating trades via that as a day trade in one trading instrument and as a possible swing trade in another trading instrument.

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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