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

April 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.

April 5th Wednesday 2006 Trade Log

#FuturesTrades is a private and free realtime trading posting chat room on the IRC Othernet server that allows traders from all over the world to communicate.

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, you should read NihabaAshi's trading blog like comments (posted below after the trade posts) because sometimes the commentary will contain trading tips that are more useful than what you will see at any other futures blog.

Session Start: Wed Apr 05 08:29:50 2006Session Ident: #futurestrades

* Now talking in #futurestrades 08:29

<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm

<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) 09:31

<mispe> Shorts YM @ 11280 09:42

Covered 1/2 YM Short @ 11272 --> + 8 09:43

Covered Remainder YM Short @ 11274 --> + 6 09:45

<NihabaAshi> Long ER2 @ 768.20 -> small size 09:46

Exited all ER2 Long @ 768.50 --> + 0.3 09:50

<mispe> Shorts YM @ 11283 09:51

<NihabaAshi> Ben Bernanke has been speaking since 0930am est.

<mispe> Covered 1/2 YM Short @ 11278 --> + 5 09:55

Covered Remainder YM Short @ 11278 --> + 5 09:56

<NihabaAshi> Shorts ER2 @ 767.90 -> large size 09:57

<pdays> Shorts ER2 @ 768.0 «« paper »» 09:58

<NihabaAshi> We got the 10am est key economic report 09:59

We also have the early 1015am est price reaction to the pending 1030am est EIA Petroleum Status Reports... 10:01

Hold on to your boots :)

Covered ER2 Short @ 768.90 --> - 1

Reverse and Enter Long ER2 @ 768.90

<mispe> Shorts YM @ 11286 10:02

<pdays> Covered all ER2 Short @ 768.4 --> - 0.4 «« paper »»

<NihabaAshi> Shorts EuroFX @ 1.23500 -> large size 10:04

<mispe> Covered 1/2 YM Short @ 11280 --> + 6 10:05

Covered Remainder YM Short @ 11285 --> + 1 10:06

<NihabaAshi> Covered all EuroFX Short @ 1.23280 --> + 0.0022 10:08

<pat255> nice niha.. 10:09

<mispe> Shorts YM @ 11291

<pat255> USA has no manufacturing left. 10:10

<mispe> Covered all YM Short @ 11286 --> + 5

Long YM @ 11285 10:12

Exited 1/2 YM Long @ 11290 --> + 5 10:14

Exited Remainder YM Long @ 11286 --> + 1 10:15

<NihabaAshi> Exited ER2 Long @ 768.20 --> - 0.7 10:16

Reverse and Enter Short ER2 @ 768.20

Shorts ER2 @ 767.70 -> Add 10:18

<mispe> Long YM @ 11275 10:22

<NihabaAshi> ER2 volatility is trying to dry up :(

<WannaBeBOS> it might kick with the petro report 10:23

<mispe> Exited all YM Long @ 11274 --> - 1 10:24

<NihabaAshi> ER2 will follow whatever the direction Light Crude Oil goes!!! 10:27

<mispe> Shorts YM @ 11264 10:32

<NihabaAshi> ER2 volatility dropping again while Oil is rising ???

<mispe> Covered 1/2 YM Short @ 11259 --> + 5 10:33

<NihabaAshi> Confusing is an understatement.

<jperl> ER2 touching yesterdays POC 766.90

<mispe> Covered Remainder YM Short @ 11258 --> + 6 10:34

<NihabaAshi> Covered 1/3 ER2 Short @ 766.50 --> + 1.2

Ahh...Treasury Secretary just made some comments that spooked the markets. 10:35

They should those key speakers an economic calendar so that they'll know when to be quiet :) 10:36

<jperl> ER2 at VWAP 766.60

<NihabaAshi> Meant "give" those key speakers an econ calendar.

I remember one time President Clinton when live on TV about 2 mins before an FOMC announcement. 10:37

Crazy market whipsaw I ever saw. 10:38

Covered ER2 Short @ 767.80 --> + 0.4 10:40

Reverse and Enter Long ER2 @ 767.80

<mispe> Long YM @ 11264

<jperl> ER2 at today's POC 768.20 10:41

<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) 10:43

<mispe> Exited 1/2 YM Long @ 11269 --> + 5 10:45

Exited Remainder YM Long @ 11273 --> + 9 10:46

Shorts YM @ 11272 10:49

<NihabaAshi> Geesh...if it wasn't for the Secretary comments or Fed Bernake speech...ER2 would easily be above 770.00 price area. 10:52

<mispe> Covered all YM Short @ 11267 --> + 5

<NihabaAshi> Exited all ER2 Long @ 768.00 --> + 0.2

:(

<mispe> will leave now, Bye 10:53

<NihabaAshi> Shorts ER2 @ 767.30 -> large size 10:54

I'm convinced now that the market is reacting more to the Fed people's current speech's instead of to the Oil Report. 10:55

Covered all ER2 Short @ 765.90 --> + 1.4 10:59

Oil rolled over about 7mins ago. 11:00

<substanz> Long YM @ 11236 11:16

Exited all YM Long @ 11246 --> + 10 11:22

<pat255> back to office ty guys ,,, 11:51

* codehead is now known as codehead-bbl

<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) 11:55

<substanz> Shorts YM @ 11267 12:52

Covered all YM Short @ 11264 --> + 3 12:53

<WannaBeBOS> somebody is buying 13:06

<GoodMood> whenever there is sone1 buying there must also be some1 who is selling

<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) 14:19

<NihabaAshi> I just watched and studied the markets after 11am est when I realized I had already reached my profit target for the day. 16:20

Take care all and see all tomorrow.

<WannaBeBOS> nice trading niha 16:21

<NihabaAshi> Thanks and hope you did well too.

<WannaBeBOS> slight green

* NihabaAshi is now known as NihabaAshi_away 16:33

* DisconnectedSession Close: Wed Apr 05 16:33:13 2006

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)

Trading Blog Below is not your traditional trader's blog in the usual blog format. However, you will find informative commentary that on a few occasions will contain trading tips that should help your trading as I attempt to sum up my thoughts as I traversed from the first trade to the last trade that was posted above in #FuturesTrades realtime trade posting chat room.

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Trend Reversal Signals

A good strategy should be dynamic in that its pattern signal can occur as either a trend reversal signal or as a trend continuation signal.

In fact, if your using a trend following strategy and if its good...

It should either keep you out of range bound markets (fewer trade signals) or your exit strategy is able to get small profits prior to the position reverses against you.

Just the same...if your using a strategy that's suitable for range bound markets and if its good...

It should either keep you out of trend markets (fewer trade signals) or your exit strategy is able to get small profits prior to the position reverses against you.

With that said, Wednesday's are notorious for producing trend reversal signals due to the 10am and 1030am est key economic reports and these days tend to not be range bound.

Today's results shown above are that of NihabaAshi only. To see his total accumulated points for the month of April...click here. To see results for the months of 2006 and prior years...click here.
Commentary by M.A. Perry (a.k.a. NihabaAshi)

We are proud to say that our chat room 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.

In addition, below are the trading instruments our chat room members monitor closely to make trade decisions:

CME Emini Futures ES, NQ and ER2

CBOT mini-sized Dow Futures YM

Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50

Eurex Fixed Income Derivatives BUND, BOBL and Schatz

Euronext Futures FTSE-100 and CAC-40

CME Futures EuroFX EC

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

Exchange Traded Funds SPY, QQQQ, IWM and DIA

NYMEX Energies Light Crude Oil CL, e-miNY QM and Natural Gas NG

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 fee-based 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

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