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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

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March 14th Tuesday 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 Mar 14 09:18:22 2006Session Ident: #futurestrades

* Now talking in #futurestrades 09:18

<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> Business inventories at 10

(MarketWatch) - U.S. stock futures are indicating a lower open Tuesday after retail sales posted their biggest monthly decline in six months and Procter & Gamble tempered its third-quarter sales outlook.

Goldman Sachs making a boodle 09:19

PG loweres forcasts

Europe looks down 09:20

bonds look slightly up 09:21

<PapaJon> gm all 09:26

<eminitrader> morn pj 09:29

<danshirley> The U.S. current account deficit widened by 21.3% to a record $224.9 billion in the fourth quarter, the Commerce Department said. The deficit amounted to 7.0% of the nation's gross domestic product, also a record 09:32

<X> #FuturesTrades Info -> Realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, IWM, QQQQ, SPY) 09:34

<NihabaAshi> It's Quadruple Witching week so I'm keeping it small size only for as long as possible. 09:37

Long ER2 @ 731.80 -> small size 09:38

Geesh...I almost stole a 731.60 entry :)

<WannaBeBOS> lol 09:39

<les> its cazy out there today niha

crazy

<NihabaAshi> It usually is on the Monday and Tuesday of Quad Week. 09:40

Exited all ER2 Long @ 731.90 --> + 0.1

Thought I caught a runner and took a chance to see if it would catch a 734.00 price area. 09:41

Long ER2 @ 731.50 -> small size 09:44

<eminitrader> Shorts ES @ 1297 09:45

<NihabaAshi> Lets see if I can get that 734.00 price area...will take a chance and use a tight trailing stop again.

exit stop raised ER2 @ 731.60

<les> Long ER2 @ 732.8 «« paper »» 09:48

Exited 1/3 ER2 Long @ 733.2 --> + 0.4 «« paper »»

wrong

Exited 1/3 ER2 Long @ 733.3 --> + 0.5 «« paper »»

<WannaBeBOS> nice niha 09:49

<NihabaAshi> Exited 2/3 ER2 Long @ 734.00 --> + 2.5

<les> Exited 1/3 ER2 Long @ 734.1 --> + 1.3 «« paper »» 09:50

<eminitrader> Shorts ES @ 1299 -> Add

<les> exit stop raised ER2 @ 732.9 «« paper »» 09:51

<NihabaAshi> There goes EuroFX EC right on schedule...when volatility levels dies in ER2...EuroFX moves strongly. 09:54

<WannaBeBOS> weird 09:56

<les> hoping for another push up here

its not looking too clever so far tho 09:57

<pdays> Shorts ER2 @ 734.0 09:58

<danshirley> U.S. JAN. BUSINESS INVENTORIES UP 0.4% VS 0.3% EXPECTED 10:00

U.S. JAN. INVENTORIES-SALES RATIO AT RECORD LOW

<DaveK51> Long ER2 @ 734

<danshirley> U.S. JAN. BUSINESS SALES UP 1.3% 10:01

<milly> Shorts ES @ 1180 «« testing »» 10:02

<les> Exited Remainder ER2 Long @ 733.4 --> + 0.6 «« paper »»

<pdays> exit stop moved to breakeven ER2 @ 734.0

Covered all ER2 Short @ 733.5 --> + 0.5 10:04

<les> Shorts ER2 @ 733.3 «« paper »»

exit stop set ER2 @ 735.1 «« paper »»

<mispe> Shorts YM @ 11181 10:05

<milly> Covered all YM Short @ 1184 --> - 4 «« paper »» 10:06

<mispe> Covered all YM Short @ 11181 --> 0 10:09

<danshirley> let's see: Trade deficit at record high, consumer spending drops, PG reduces outlook, US has negative savings rate, OIL is going up again, Iran wants the bomb... 10:10

market says: Let's rally!!

<eminitrader> :)) 10:11

<WannaBeBOS> that whole iran thing will never happen 10:12

<DaveK51> Exited all ER2 Long @ 733.8 --> - 0.2 10:13

<les> Covered 1/3 ER2 Short @ 732.8 --> + 0.5 «« paper »» 10:14

<DaveK51> Long ER2 @ 732.7 10:17

Exited 1/2 ER2 Long @ 733.4 --> + 0.7

<les> Covered ER2 Short @ 733.6 --> - 0.3 «« paper »» 10:21

Reverse and Enter Long ER2 @ 733.6 «« paper »»

<DaveK51> Exited Remainder ER2 Long @ 734 --> + 1.3

<les> Exited 1/3 ER2 Long @ 734.1 --> + 0.5 «« paper »» 10:22

Exited Remainder ER2 Long @ 732.7 --> - 0.9 «« paper »» 10:24

<NihabaAshi> Exited Remainder ER2 Long @ 732.00 --> + 0.5 10:25

Reverse and Enter Short ER2 @ 732.00 small size

<eminitrader> Covered 1/2 ES Short @ 1297.50 --> + 1.5

<eminitrader> Covered ES Short @ 1298 --> - 1

Reverse and Enter Long ES @ 1298

<NihabaAshi> This is a 1 contract position on that reversal because it was all I had as my remainder. 10:31

Covered ER2 Short @ 734.30 --> - 2.3 10:37

Reverse and Enter Long ER2 @ 734.30

Reversed into a 3 contract Long position. 10:38

Exited ER2 Long @ 732.30 --> - 2 10:39

Reverse and Enter Short ER2 @ 732.30

<les> Shorts ER2 @ 732 «« paper »» 10:40

Covered 1/3 ER2 Short @ 731.5 --> + 0.5 «« paper »» 10:41

<NihabaAshi> Quadruple Witching as usual...gotta be willing to take a hit here and there to catch a good mover.

<WannaBeBOS> yes

<les> Covered 1/3 ER2 Short @ 730.6 --> + 1.4 «« paper »» 10:42

<NihabaAshi> I have a 4 point target on this trade...hopefully I don't get shaken out at only a 1 tick profit :(

<les> exit stop set ER2 @ 731.4 «« paper »»

<mispe> Shorts YM @ 11162 10:43

<X> #FuturesTrades Info -> Realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, IWM, QQQQ, SPY) 10:46

<les> Trailing Stop Hit ER2 @ 731.4 --> + 0.6 «« paper »» 10:47

<mispe> Covered all YM Short @ 11167 --> - 5

<NihabaAshi> Hmmm...doesn't want to rollover southwards :( 10:53

Covered all ER2 Short @ 731.80 --> + 0.5

<les> Long ER2 @ 731.7 «« paper »»

<jperl> Long ER2 @ 731.90 10:58

<NihabaAshi> Shorts ER2 @ 732.00 -> small size 10:59

Be careful less...the 732 area is a s/r zone 11:00

I'm not going to hang around too long in this particular trade that's around the 732 area. 11:01

<jperl> Exited ER2 Long @ 731.90 --> 0 11:03

<NihabaAshi> Covered ER2 Short @ 733.00 --> - 1 11:08

Reverse and Enter Long ER2 @ 733.00

<les> Exited 1/3 ER2 Long @ 732.9 --> + 1.2 «« paper »»

exit stop raised ER2 @ 731.9 «« paper »»

<NihabaAshi> Reversed into a 5 contract Long position with a 736 target.

734 area if reached will trigger a 3 contract scale out. 11:10

In the hole for the day about -4.50 with commissions. 11:12

Still keeping my size on the low side.

<les> exit stop raised ER2 @ 732.6 «« paper »» 11:14

<eminitrader> Exited all ES Long @ 1298.25 --> + 0.25

<NihabaAshi> Exited ER2 Long @ 734.00 --> + 1 11:16

<les> exit stop raised ER2 @ 733.2 «« paper »»

<NihabaAshi> Holding just 2 contracts.

<DaveK51> Shorts ER2 @ 734

<eminitrader> got shook out :((

<NihabaAshi> Will no longer use wide stops for the remainder of the trading day...got burnt twice already via such.

exit stop raised ER2 @ 733.20 11:17

<DaveK51> Covered all ER2 Short @ 734.6 --> - 0.6 11:19

<NihabaAshi> Today definetly is not a normal ER2 price action...

<les> exit stop raised ER2 @ 734.1 «« paper »» 11:20

<NihabaAshi> Reversals have been fast and hard beyond what it normally does.

<DaveK51> Shorts ER2 @ 735.3 11:22

<les> exit stop raised ER2 @ 734.6 «« paper »»

<PapaJon> [08:19] <NihabaAshi> Today definetly is not a normal ER2 price action...

is understatement niha.. lol 11:23

<NihabaAshi> Normally I don't trade ER2 during Quadruple Witching week...

I'll trade something safe like ES or NQ.

Today I felt a little brave :) 11:24

ER2 is the worst of the Eminis to trade during Quad week.

<DaveK51> Covered all ER2 Short @ 736.1 --> - 0.8

<NihabaAshi> Exited ER2 Long @ 736.40 --> + 3.4 11:25

Holding 1 contract only.

<DaveK51> Shorts ER2 @ 736.6 11:26

<les> exit stop raised ER2 @ 735.4 «« paper »»

<DaveK51> Covered 1/2 ER2 Short @ 736 --> + 0.6

<les> Exited Remainder ER2 Long @ 735.7 --> + 4 «« paper »» 11:27

<NihabaAshi> That surge wiped away my -4.50 ER2 points. 11:28

Will trade 1 contract only for the remainder of the day because I want to test something new.

<eminitrader> very nice les

<les> thx em 11:29

<eminitrader> uew

uew = urw :)

<NihabaAshi> Les...how do you like ER2 so far ? 11:30

<les> i got that first time :)

i like niha

but its a crazy place to be generally

worse on days like this

but that suits my temperament i guess

<DaveK51> Covered Remainder ER2 Short @ 736.6 --> 0

<les> wow, another pop 11:31

unbelievable

<PapaJon> it's demonically possessed 11:32

must be les's fault

<ncstockguy> hi folks, ok if i visit?

<les> i cant even count elliot waves in this rally

its all my fault jon 11:33

<NihabaAshi> Yep...not sure what's more impressive in its moves...Linda Blair in Exorcist or ER2 during Quadruple Witching week :)

<les> always

<PapaJon> these aren't wave.. then niagra falls going uphill

hehe

<les> i prefer linda blair

<PapaJon> agree niha

<les> she dont cost me any money for one

<PapaJon> ah.. so... you saying that linda blair waves at you les? 11:34

<les> very funny

ur so witty y'know

<PapaJon> yuk yuk yuk

<les> hehe

<PapaJon> wtyvm

<les> ok folks, its breaktime for me 11:35

maybe look in later

* les is now known as lesAway 11:36

* Looking up ncstockguy user info...

up nancy user info... 11:37

<DaveK51> Long ER2 @ 736.7 11:39

Exited 1/2 ER2 Long @ 737.2 --> + 0.5 11:44

Exited Remainder ER2 Long @ 736.7 --> 0 11:46

<danshirley> JAPAN AND ASIA TRADING "LIKE WE'VE NEVER SEEN" - GOLDMAN CFO 11:50

ASIA BUSINESS GROWING FASTET, GOLDMAN CFO SAYS

<DaveK51> Long ER2 @ 736.3 11:51

Exited 1/2 ER2 Long @ 736.8 --> + 0.5 11:52

Exited Remainder ER2 Long @ 737.3 --> + 1 11:54

Shorts ER2 @ 737.8 11:55

<NihabaAshi> Exited Remainder ER2 Long @ 738.10 --> + 5.1 11:56

<PapaJon> very nice niha

<DaveK51> most excellent 11:57

<NihabaAshi> Took some unusual chances earlier today when I was up big by a few points and let it retrace to take me out for a few ticks worth of profits. 11:58

It's Quadruple Witching week and Monday and Tuesday are the trickiest trading day's of the week...

<X> #FuturesTrades Info -> Realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, IWM, QQQQ, SPY)

<NihabaAshi> I figure I can quickly recover from any poor trading :) 11:59

<DaveK51> Covered Remainder ER2 Short @ 737.8 --> 0

<NihabaAshi> ES has been in one of those slow creeper uptrends since 1045am est. 12:02

I bet it was giving a lot of divergence traders that use indicators a lot of false signals during the slow rise. 12:03

<DaveK51> Shorts ER2 @ 738.7 12:04

Covered 1/2 ER2 Short @ 738.2 --> + 0.5

Covered Remainder ER2 Short @ 737.6 --> + 1.1 12:10

Shorts ER2 @ 738 12:15

<eminitrader> nice scalps dk51 12:21

<DaveK51> thx 12:22

shouldn't be tradin during lunch 12:23

Covered Remainder ER2 Short @ 738.6 --> - 0.6 12:29

grr 12:30

well 737 was my original target 12:38

<pat255> hiya guys ......still in training..:( just log in to check mkt 12:42

* lesAway is now known as les 12:47

<X> #FuturesTrades Info -> Realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, IWM, QQQQ, SPY) 13:07

<NihabaAshi> I think the Euronext Future CAC40 made the first move into this rally... 13:13

DAX, ER2 and YM quickly followed in a few seconds afterwards. 13:14

After that...seconds more later...it was off to the races.

Be right back...need to reboot after doing some important software upgrade and new beta trade post script installation. 13:33

* NihabaAshi is now known as NihabaAshi_away 13:34

* DisconnectedSession Close: Tue Mar 14 13:34:12 2006

Session Start: Tue Mar 14 13:43:58 2006Session Ident: #futurestrades

* Now talking in #futurestrades 13:43

<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- [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTra desChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrad es.htm 14:09

<NihabaAshi> Long ER2 @ 740.40 14:17

1 contract only because I'm in profit protection mode of my earlier profits.

I'm also testing a strategy for someone that's not my own method. 14:18

<X> #FuturesTrades Info -> Realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, IWM, QQQQ, SPY) 14:19

<NihabaAshi> Exited ER2 Long @ 741.60 --> + 1.2 14:22

Normally I don't inform users of this room when I'm not using my own method to prevent mimicking (shadowing my trades) without my persmission. 14:24

Anyways...I'm done for the day and will just sit here working on the new revised trade posting script and watching the markets. 14:25

<X> #FuturesTrades Info -> Realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, IWM, QQQQ, SPY) 15:31

#FuturesTrades Info -> Realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, IWM, QQQQ, SPY) 16:40

<NihabaAshi> The remainder of the trading week should be much smoother than today. 16:41

Take care all and see all tomorrow.

<WannaBeBOS> i hope so 16:49

rough one today

* DisconnectedSession Close: Tue Mar 14 16:56:53 2006 16:56

Trader's

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ER2 EuroFX EC

+8.70 +0.0000

$870.00 $0.00

Trading Perspective: I started the trading poorly via poor trade management when a WRB pt1 level was reached by not exiting the position to lock in profits.

Instead, on two very profitable positions I allowed ER2 to bounce back (retrace) to force me out of the trade with a few tick profits instead of a dozen or so ticks of profits.

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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