#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 16th Thursday 2006 Trade Log

#FuturesTrades is a private and free realtime trading posting chat 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 chat room 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: Thu Mar 16 08:43:14 2006Session Ident: #futurestrades

* Now talking in #futurestrades 08:43

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

Sponsors: QCharts #FuturesTrades Info -> Chat room for 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) 08:54

<NihabaAshi> More often than not...whenever there's a spike up in the Eminis that stabilizes in a tight range in the upper 1/5 of the parabolic uptrend by 0930am est... 09:07

The Eminis will move higher...how much higher is the guess. 09:08

Simply, I'll be looking for Long signals to confirm it will go higher as a Large position and Short signals as small positions. 09:09

<WannaBeBOS> sounds like a good plan

i was thinking along the same lines

sure cant go against new highs in all of the indexes 09:10

<X> #FuturesTrades Info -> Chat room for 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) 09:11

<eminitrader> Long ES @ 1316.25 09:32

<NihabaAshi> Shorts ER2 @ 750.70 -> small size 09:35

Covered all ER2 Short @ 750.60 --> + 0.1 09:42

Didn't like the price action anymore :( 09:43

<eminitrader> Exited all ES Long @ 1316.25 --> 0 09:45

<WannaBeBOS> freight train 09:47

to the upside

<NihabaAshi> As soon as I saw the volatility levels in EuroFX futures start to dry up... 09:48

It was time to dump that ER2 short.

<eminitrader> would have stayed in but am a bit concerned about the gap in the ES 09:49

<NihabaAshi> Long ER2 @ 752.20 -> small size 10:03

1 contract only...high risk trade.

<WannaBeBOS> how so? 10:04

<eminitrader> Shorts ES @ 1318.50 10:06

<NihabaAshi> Exited ER2 Long @ 753.00 --> + 0.8

Wanna...I had missed my actually Long signal @ 751.20 (0945am est). 10:07

<WannaBeBOS> ok 10:08

<NihabaAshi> Remember my earlier comments about putting on a large size Long position.

Well...that was it and I missed the boat.

<WannaBeBOS> yeah

<NihabaAshi> When I miss something like that I tend to chase (which I did) and to control the raised emotional aspect... 10:09

I reduce my size dramatically...which I did via only 1 contract.

In addition, I keep the same WRB profit targets as if I had entered @ 751.20

<WannaBeBOS> well, you made out nicely :)

<NihabaAshi> Which I did via exiting the contract @ 753.00 10:10

Would'uv, could'uv and should'uv.

There's tomorrow :)

<WannaBeBOS> lol. i was thinking the same thing

<NihabaAshi> Reason why I missed the Long was because I had just dumped my Short position for a tick profit and got caught updating my trading notes at the wrong time because the long signal appeared while I was updating my notes :(\ 10:11

<pdays> Shorts ER2 @ 753.0

<WannaBeBOS> btw, my friend Willy that came in yesterday, had twins last night. he will return in a few days 10:12

<pdays> Covered all ER2 Short @ 752.6 --> + 0.4 10:15

<les> HE had twins

must be a first

:)

but wish him well + congrats anyway 10:16

<WannaBeBOS> thanks les 10:19

yes, quite an incredible feat

<mispe> Shorts YM @ 11348 10:21

Covered 1/2 YM Short @ 11343 --> + 5

<les> Shorts ER2 @ 751.4 10:22

<NihabaAshi> Shorts ER2 @ 751.00 -> small size

<les> Covered 1/3 ER2 Short @ 750.9 --> + 0.5 10:23

<mispe> Covered Remainder YM Short @ 11338 --> + 10

<eminitrader> Covered 1/2 ES Short @ 1317.50 --> + 1

<X> #FuturesTrades Info -> Chat room for 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)

* WannaBeBOS is now known as BOS-retired 10:27

<NihabaAshi> Covered all ER2 Short @ 750.90 --> + 0.1 10:28

Geeesh...a tick here and there is not what I planned for today :( 10:29

<mispe> Shorts YM @ 11347 10:35

Covered all YM Short @ 11342 --> + 5 10:37

<les> Covered 1/3 ER2 Short @ 750.2 --> + 1.2 10:38

exit stop lowered ER2 @ 751.3

<eminitrader> Covered 1/3 ES Short @ 1317 --> + 1.5 10:41

<mispe> Shorts YM @ 11332 10:43

<BOS-retired> niha, me either. sometimes thats the way it goes 10:44

<mispe> Covered 1/2 YM Short @ 11327 --> + 5 10:45

<jperl> Shorts ER2 @ 749.70

<mispe> Covered Remainder YM Short @ 11322 --> + 10

<eminitrader> Covered Remainder ES Short @ 1315.50 --> + 3 10:46

<les> exit stop lowered ER2 @ 749.2

<jperl> Covered 1/2 ER2 Short @ 748.70 --> + 1

<les> Trailing Stop Hit ER2 @ 749.2 --> + 2.2 10:52

<mispe> Long YM @ 11331 11:09

<jperl> Covered Remainder ER2 Short @ 750.30 --> - 0.6 11:10

<mispe> Exited 1/2 YM Long @ 11336 --> + 5

Exited Remainder YM Long @ 11337 --> + 6 11:12

Shorts YM @ 11342 11:18

<jperl> Long ER2 @ 751.60 11:23

<mispe> Covered all YM Short @ 11338 --> + 4 11:26

<jperl> Exited ER2 Long @ 750.80 --> - 0.8 11:27

<X> #FuturesTrades Info -> Chat room for 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) 11:32

<les> Shorts ER2 @ 751.8 11:40

exit stop set ER2 @ 752.6 11:41

<codehead> philly fed in 10 mins 11:51

<pat255> hi all still in training....just checking.. 11:59

<eminitrader> what training is that pat255 .. if u dont mind 12:00

<pat255> i work ...related to office ...:(

<eminitrader> k thx

<pat255> i wish someone could attend fo me...:9 12:01

<eminitrader> :)

<pat255> freaking 5 days ..whole week 7 boring as hell..

<eminitrader> good luck 12:02

no one wants to be trading the nos 12:04

<les> Trailing Stop Hit ER2 @ 752.6 --> - 0.8 12:08

<pat255> all buys mkt gonna zoom up

<eminitrader> Shorts ES @ 1319 12:10

personally think its tough to crack 1320 on the ES 12:12

<pat255> buyers on crack emini

<eminitrader> u r right

* les is now known as lesAway 12:17

<NihabaAshi> Shorts ER2 @ 752.30 -> small size 12:22

Just got back (gone since 11am est) and looks like I missed a lot. 12:23

<pat255> this is one way train ..up.. 12:25

<NihabaAshi> Covered ER2 Short @ 753.00 --> - 0.7

Reverse and Enter Long ER2 @ 753.00

Reversed into a large size position.

<eminitrader> Covered ES Short @ 1320.25 --> - 1.25 12:27

Reverse and Enter Long ES @ 1320.25

<NihabaAshi> Exited 1/2 ER2 Long @ 754.20 --> + 1.2

<pat255> nice niha 12:28

<NihabaAshi> Holding the rest to see if I can catch a ride on a few remainders above the 755 level

<eminitrader> Exited all ES Long @ 1320.25 --> 0 12:34

<X> #FuturesTrades Info -> Chat room for 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) 12:44

<NihabaAshi> Volatility in EuroFX futures is drying up...it may be enough to encourage ER2 to test the 755.00 price area.

Nevermind...EuroFX now in the midst of a volality spike of its own that may help ER2 to dry up :( 12:48

* BOS-retired is now known as WannaBeBOS 12:51

<pat255> later guys ty.. 12:52

<NihabaAshi> Exited Remainder ER2 Long @ 753.50 --> + 0.5 12:57

The surprising volatility spike in other key markets during the lunch trading session couldn't keep me in this trade any longer 12:58

<WannaBeBOS> weird markets 13:02

<togglex> short ym 11346 13:06

close short ym 11341 +5 13:11

<eminitrader> Long ES @ 1317.50 13:21

Exited 1/2 ES Long @ 1318.50 --> + 1 13:24

<NihabaAshi> Reminder: Soon our ezboard forum will be merged with http://www.yuku.com 13:48

Our ezboard will look the way it currently looks but will have the "additional features" that you see at Yuku.com 13:49

<eminitrader> Exited Remainder ES Long @ 1317.75 --> + 0.25

is it a message board ? 13:50

<NihabaAshi> Blogs, Image Hosting, multiple profiles for use at different ezboards et cetera.

Yes

<eminitrader> k thx

<NihabaAshi> We're just going get those extra features.

The one I like is the ability to see in "realtime streaming" new messages being posted. 13:51

Very useful if your a member of different ezboards. 13:52

<jperl> Shorts ER2 @ 751.10 13:54

<X> #FuturesTrades Info -> Chat room for 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) 13:56

<eminitrader> when r u plan for the changeover ?

<NihabaAshi> Don't know...its all still in beta testing, coding problems and the ezboard network folks will tell me when I have my stuff setup properly for the switchover. 13:58

<eminitrader> k

<NihabaAshi> If I do it wrong...I can loose all info.

Will make major backup just in case the worst happens.

<eminitrader> yep better to play it safe 13:59

<jperl> Covered 1/2 ER2 Short @ 750 --> + 1.1

Covered Remainder ER2 Short @ 751 --> + 0.1 14:03

<NihabaAshi> Long ER2 @ 751.20 -> small size 14:06

1 contract only.

I'm in profit protection mode and this trade is a chaser by 5 ticks beyond my actual Long signal. 14:07

<jperl> ER2 at POC 751.50 14:10

http://charts.dacharts.com/2006-03-16/JP ERL_011.png

<NihabaAshi> Exited ER2 Long @ 751.50 --> + 0.3 14:11

jperl...that 751.50 looks like a good area to exit my position :)

<jperl> yes....don't like taking trades around the POC

<NihabaAshi> Had I gotten the actual signal price around 750.70 or 750.80 14:13

I would have gone 3 contracts (small size still) and been able to manage the trade much better. 14:14

Chasing (loosing my wiggle room) doesn't leave me with too many options.

<substanz> Long YM @ 11340 «« paper »» 14:22

Exited all YM Long @ 11330 --> - 10 «« paper »» 14:44

<X> #FuturesTrades Info -> Chat room for 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) 15:05

<eminitrader> Shorts ES @ 1318 15:15

Covered 1/3 ES Short @ 1317 --> + 1 15:19

Covered Remainder ES Short @ 1318 --> 0 15:34

<NihabaAshi> Take care all and see all tomorrow. 16:23

* NihabaAshi is now known as NihabaAshi_away

Sponsors: QCharts #FuturesTrades Info -> Chat room for 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)

* DisconnectedSession Close: Thu Mar 16 16:32:05 2006 16:32

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Trading Perspective: I'm still having some trade management problems and it may be related to the fact I'm not as prepared to trade as I normally would be.

Also, I missed two good trade signals that would have yielded a few points each. Other than that...my position size management was good today and got me the points when I needed them to ensure the day closed at a profit.

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 chat room members are from the following geographical areas in the world:

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CME Emini Futures ES, NQ and ER2

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Euronext Futures FTSE-100 and CAC-40

CME Futures EuroFX EC

Treasury Futures T-Notes ZN, ZF and T-Bonds ZB

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