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April 26th 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 (real money and simulator) 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 26 08:07:45 2006Session Ident: #futurestrades * Now talking in #futurestrades 08:07 <X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm <pat255> gm all.. 08:24 eur gonna shoot up.. 08:25 <NihabaAshi> Whatever it does...I hope its a strong and substainable price movement. 08:26 <pat255> looks like it will...$ gonna fet hit some more 08:27 <NihabaAshi> Long EuroFX @ 1.24480 -> small size 08:31 1 contract only <WannaBeBOS> gm all 08:33 <NihabaAshi> Exited EuroFX Long @ 1.24440 --> - 0.0004 08:34 Reverse and Enter Short EuroFX @ 1.24440 2 contracts on the reversal. Covered 1/2 EuroFX Short @ 1.24390 --> + 0.0005 08:35 :( Covered Remainder EuroFX Short @ 1.24440 --> 0 08:36 Not worth the stress after seeing the chop produced in the first few intervals after the WRB spike. 08:37 <pat255> agree niha <NihabaAshi> Usually (not everytime)...there's more follow-through in the next few intervals after a WRB spike. 08:38 <pat255> even the WRB is news related etc? looks like it is working on follow thru 08:44 <NihabaAshi> Shorts EuroFX @ 1.24330 -> small size 3 contracts only Covered EuroFX Short @ 1.24420 --> - 0.0009 08:47 Reverse and Enter Long EuroFX @ 1.24420 Lets see if I can get some follow-through to the upside after that WRB white candlestick. 08:50 Looks like this will result in a breakeven trade :( 08:54 tightning up my stops. 08:55 exit stop raised EuroFX @ 1.24430 08:59 Exited 2/3 EuroFX Long @ 1.24650 --> + 0.0023 <pat255> nice niha ...man this is tuff to game 09:00 <NihabaAshi> Agree. <WannaBeBOS> yes <NihabaAshi> Had to work hard to finally get a decent ride. <WannaBeBOS> it will likely remain that way until tomorrow uncle ben is speaking before congress at 10am <NihabaAshi> If it wasn't for the two losers...I would have only exited 1/3 instead of 2/3. Needed to ensure I was profitable and make it worth the effort. 09:01 <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) 09:12 <NihabaAshi> Exited Remainder EuroFX Long @ 1.24930 --> + 0.0051 09:25 Got lucky and caught more than expected in that pre-0930am est WRB spike. 09:27 Shorts ER2 @ 770.00 -> large size 09:38 Shorts ER2 @ 770.90 -> Add 09:40 My timing isn't great but I just needed to be withing the ball park of 1 point on that initial ER2 entry. 09:42 Covered 1/3 ER2 Short @ 769.80 --> + 1.1 Covered 1/3 ER2 Short @ 769.80 --> + 0.2 09:46 Reducing my risk because the price action has changed to slightly bullish. I need a few downticks from Oil to get these remainders to 769.00 09:47 Covered Remainder ER2 Short @ 770.00 --> 0 09:49 :( <aym> Short ES @ 114.25 sTOP LOSS 116 10:00 Cover ES @ 111.25 10:01 <jimbrowskii> hi 10:06 <NihabaAshi> Hi Jim. 10:12 Oil Indexes still rising. 10:16 #FuturesTrades Purpose -> No gurus here, no signal calling by a head trader and no intentions to educate. This room is being used as a realtime trade journal of trades (real money or paper) and discussions. Do not mimic (shadow) the trades by others without their consent nor without private realtime consultation during such trades as stated at http://www.thestrategylab.com/FuturesTra desChatRoom.htm 10:17 ER2 volatility slowly drying up. 10:19 <eminitrader> Shorts ES @ 1315.50 10:20 <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) 10:21 <NihabaAshi> Shorts ER2 @ 775.40 -> small size 10:31 <eminitrader> Covered all ES Short @ 1315.25 --> + 0.25 <NihabaAshi> 1 contract only... I'm in profit protection mode of my earlier profits... Not willing to put on any size at these levels. 10:32 <les> Shorts ER2 @ 774.1 10:36 Covered 1/3 ER2 Short @ 773.6 --> + 0.5 «« paper »» 10:37 <NihabaAshi> Covered ER2 Short @ 773.90 --> + 1.5 <les> Covered 1/3 ER2 Short @ 772.7 --> + 1.4 «« paper »» 10:41 exit stop lowered ER2 @ 774 «« paper »» Covered Remainder ER2 Short @ 773 --> + 1.1 «« paper »» 10:49 Long ER2 @ 773.4 «« paper »» 10:52 exit stop set ER2 @ 772.7 «« paper »» exit stop set ER2 @ 772.5 «« paper »» Trailing Stop Hit ER2 @ 772.5 --> - 0.9 «« paper »» 10:55 <pdays> Long ER2 @ 772.2 «« paper »» 11:09 exit stop moved to breakeven ER2 @ 772.2 «« paper »» 11:13 <NihabaAshi> Shorts ER2 @ 771.80 -> small size 11:24 1 contract only and last trade of the trading day for me. exit stop moved to breakeven ER2 @ 771.80 11:26 <pat255> nice niha 11:27 <NihabaAshi> Covered ER2 Short @ 770.70 --> + 1.1 Late entry on my part because actual pattern signal was at 772.20 11:28 Got caught replying back to an important email at the wrong time. <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) 11:33 * Looking up bushido user info... 12:04 <les> Long ER2 @ 770.2 «« paper »» <eminitrader> Long ES @ 1311.25 12:05 <pat255> k guys back to office ty all 12:06 later <les> Exited 1/3 ER2 Long @ 770.7 --> + 0.5 «« paper »» 12:07 Exited 1/3 ER2 Long @ 771.3 --> + 1.1 «« paper »» 12:14 exit stop raised ER2 @ 771.3 «« paper »» 12:16 <eminitrader> Exited 1/2 ES Long @ 1312.75 --> + 1.5 12:22 <les> Trailing Stop Hit ER2 @ 771.3 --> + 1.1 «« paper »» 12:24 <pdays> Trailing Stop Hit ER2 @ 772.2 --> 0 «« paper »» 12:29 <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) 12:45 * Looking up moosi user info... 12:57 up aym user info... up erik55 user info... 12:58 <eminitrader> Exited Remainder ES Long @ 1313.25 --> + 2 13:06 <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) 13:57 <les> Long ER2 @ 771.5 «« paper »» 14:16 exit stop set ER2 @ 770.2 «« paper »» 14:17 <eminitrader> Long ES @ 1311.75 14:21 <les> Exited all ER2 Long @ 770.5 --> - 1 «« paper »» 14:22 Shorts ER2 @ 770.5 «« paper »» 14:29 Covered all ER2 Short @ 771 --> - 0.5 «« paper »» 14:31 Long ER2 @ 771.3 «« paper »» 14:36 <eminitrader> Exited all ES Long @ 1310.25 --> - 1.5 14:52 <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) 15:09 <substanz> Long YM @ 11371 «« paper »» 15:25 <JavaGuest520> test 15:35 <substanz> Exited all YM Long @ 11383 --> + 12 «« paper »» 15:44 <WannaBeBOS> nice pull sub 15:53 <NihabaAshi> Trade Posting Script -> The color posted trades you see in here is available for free to any registered member of #FuturesTrades. To become a member of #FuturesTrades...follow the instructions at http://www.thestrategylab.com/FuturesTra desChatRoom and registration is free that will allow you to post messages at our discussion forum at http://p207.ezboard.com/bthestrategylab 15:54 <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) 16:21 <NihabaAshi> Take care all and see all tomorrow. 16:30 Should be another good trading day that allows me to be done by 11am est. * NihabaAshi is now known as NihabaAshi_away * DisconnectedSession Close: Wed Apr 26 16:39:01 2006 16:39 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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ER2 EuroFX EC +6.50 +0.0077 $650.00 $962.50 Measuring Futures Open Interest
No matter how you look at it...it always goes back to volume and the volatility of that volume.
That information will also give you an excellent representation of open interest (open positions) as price flows from one price level to the next price level.
Replace the word volatility in the below explanations with the word open interest and you get the same price action.
* A rising volume and a rising volatility are confirmation of a trend.
* A rising volume and a falling volatility suggest position liquidation.
* A falling volume and a rising volatility point to a period of slow accumulation.
* A falling volume and a falling volatility depict a congestion phase.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)
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