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April 27th Thursday 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: Thu Apr 27 08:28:50 2006Session Ident: #futurestrades
* Now talking in #futurestrades08:28
<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTra desChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrad es.htm
<WannaBeBOS> gm niha and group08:32
<pat255> gm all08:39
<WannaBeBOS> gm
<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)08:57
* JavaGuest967 is now known as ice196209:22
<PapaJon> gm all09:32
<NihabaAshi> Market made its move earlier in the morning around 6am est on the news of China's interest rate situation.

Shorts ER2 @ 761.30 -> small size 09:34

Had some order problems...couldn't enter at 762.40 :(09:35
<mispe>  Shorts YM @ 11322
<NihabaAshi> 10am Fed Chairman speech is the big news of the day next to China's interest rate.09:36
<mispe>  Covered 1/2 YM Short @ 11316 --> + 6
<NihabaAshi>  Covered 1/3 ER2 Short @ 759.20 --> + 2.1 09:38
<mispe>  Covered Remainder YM Short @ 11317 --> + 5
<NihabaAshi>  Covered 1/3 ER2 Short @ 757.80 --> + 3.5 09:41
<mispe>  Shorts YM @ 11315
<NihabaAshi> The Fed Bernacke speech will either cause a hit on my trailing stop or turn this into a very big trade for my remaining contract.09:42

exit stop lowered ER2 @ 761.20 09:43
<mispe>  Covered all YM Short @ 11314 --> + 1 09:44
<ice1962> .lmc09:47
<NihabaAshi> I hope all in here pay attention to these Key Economic Reports (including key foreign economics) and Fed Info because they are what will produce those 1-5 huge trades per month.09:48
 Simply, don't ignore your pattern signals if they occur at/near a key market event.09:49
<les>  Long ER2 @ 758.9 «« paper »» 09:50
<mispe>  Shorts YM @ 11333 09:51
  Covered 1/2 YM Short @ 11328 --> + 5 09:52
  Covered Remainder YM Short @ 11328 --> + 5 09:53
<NihabaAshi> If Oil Index pushes lower...ER2 "will" follow.
<mispe> higher ?
<NihabaAshi> Higher for what?09:55
<mispe> ER2 will be higher ?09:56
<NihabaAshi> Lower

If Oil Index drops...ER2 drops.

If Oil Index rises...ER2 rises.

Tues, Weds, Thurs only.09:57
<mispe> what's the rationale ?
<NihabaAshi> Don't know the psychological reason.09:58
<les>  Exited 1/3 ER2 Long @ 759.4 --> + 0.5 «« paper »» 09:59
  Exited 1/3 ER2 Long @ 760.7 --> + 1.8 «« paper »» 10:00
<NihabaAshi>  Covered Remainder ER2 Short @ 761.00 --> + 0.3

10am est Fed Chairman Bernanke about to speaking...his text of the speech has been released about 3mins ago.10:01
<les>  Exited Remainder ER2 Long @ 762.3 --> + 3.4 «« paper »» 10:02
<NihabaAshi> Wow...nice parabolic price movement :)

Long ER2 @ 764.30 -> small size

Geeesh.10:04

Exited all ER2 Long @ 765.30 --> + 1 10:05

Looks like Bank of China interest rate hikes and Fed Bernanke comments...produced some of the best volatility I've seen in awhile...up and down in a short time span.10:07
<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)10:09
<NihabaAshi>  Long ER2 @ 768.50 -> small size 10:11

Exited all ER2 Long @ 769.50 --> + 1 10:12

This is crazy.
<WannaBeBOS> yes indeed
<NihabaAshi> I don't see any Bearish signals...10:13

This thing can go higher.

Via hindsight analysis...Oil Index made the first move back upwards...10:15

Eminis followed about 40secs later.10:16

Then it was off to the races.
<les> i wonder... was berananke talking down the oil problems at the time?10:19
<NihabaAshi>  Shorts ER2 @ 765.40 -> large size

Early entry via 15 secs.

Covered 1/3 ER2 Short @ 763.70 --> + 1.7 10:21

When I close this position...I'm done for the day and would have easily reached my goal of being done by 11am est.10:22
<les>  Shorts ER2 @ 762.6 10:27
  Covered all ER2 Short @ 761.6 --> + 1 10:28
<NihabaAshi>  Covered 1/3 ER2 Short @ 762.90 --> + 2.5

Will keep the remainder to see if it will fill the gap of the s/r zone of that White WRB on the 2min chart of 1002am est.10:30

exit stop lowered ER2 @ 765.00

Today's trading ensure that this month of trading ER2 is a record month for me.10:32
<WannaBeBOS> wow
 thats awesome
<NihabaAshi> The minor changes I made last fall has produced big.10:33

I'll be taking it easy tomorrow and "simulator trading" only to protect my record month of profits.10:34

ER2 just filled in the gap of the key s/r zone of that White WRB.10:35

EuroFX trying hard to keep all of its gains.10:38
<pdays>  Long ER2 @ 759.4 «« paper »» 10:44
<NihabaAshi>  Covered ER2 Short @ 759.50 --> + 5.9

Holding 1 contract remainder.
<pdays>  Exited all ER2 Long @ 759.4 --> 0 «« paper »» 10:45
<pat255> vn today niha ...missed all..:(10:46

that is me ....<-----10:47
<NihabaAshi> We only get a few trading days like this when "key market events" collide...
 I try hard to be "within the midst" of it.10:48
 Meant...a few trading days PER MONTH like this.
<WannaBeBOS> congrats niha10:49

well done
<NihabaAshi> Looks like Oil is no longer a factor in the equation while Fed Chairman Bernanke is speaking.10:52
<pdays>  Long ER2 @ 763.0 «« paper »» 10:55

Exited all ER2 Long @ 764.0 --> + 1 «« paper »»
<les> unless he speaks about oil :)
<aym> SHORT QM @ 71.5 STOP LOSS @ 71.7510:56
<NihabaAshi>  Trailing Stop Hit ER2 @ 765.00 --> + 0.4 11:09
 I'm done for the day :)11:10
* NihabaAshi is now known as NihabaAshi_biking11:11
<les>  Long ER2 @ 767.9 «« paper »» 11:15
  Exited 1/3 ER2 Long @ 768.4 --> + 0.5 «« paper »»
  Exited 1/3 ER2 Long @ 769 --> + 1.1 «« paper »» 11:16
  exit stop raised ER2 @ 768 «« paper »» 11:17
  Trailing Stop Hit ER2 @ 768 --> + 0.1 «« paper »» 11:18
<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)11:21
<les>  Long ER2 @ 769.7 11:22
  Exited all ER2 Long @ 770.7 --> + 1 11:24
  Shorts ER2 @ 765.3 «« paper »» 11:46
  Covered all ER2 Short @ 767 --> - 1.7 «« paper »» 11:51
<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)12:33
* NihabaAshi_biking is now known as NihabaAshi_away13:10
<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)13:45
<ice1962> I will short the er2 @ 768.5013:56
 short13:58
 cover 68.5014:06
<codehead> boy russell awesome trader today14:24
<ice1962> codehead, indeed great moves in er214:49
 Are we really going up all the way again?
 I have my eye on 69.80 to go long again
 that came to quick, missed14:50
<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)14:57
<substanz>  Shorts YM @ 11439 15:04
<ice1962> there we go again ER215:10

short 68.9015:11

cover 67.9015:12

just scalping the moves
<codehead> nice15:15
<substanz>  Covered all YM Short @ 11420 --> + 19 15:34
<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)16:06
* DisconnectedSession Close: Thu Apr 27 16:34:21 200616:34
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
+26.60 +0.0000
$26.60 $0.00

China's Interest Rates and Fed Chairman Bernanke  

Whenever you see a strong parabolic price movement in the overnight trading session (before 0930am est) that means its news related and is something the market will not forget after 0930am est.

Then when there's another key market event like a Fed Chairman speech by Bernanke in combo with a prior key news event that's still on traders thoughts...

You'll see so unusual volatility where both Longs and Shorts can make good profits.

In addition, you must mark your calendar and use a scheduler reminder so that you'll be better prepared to exploit these key market events in the future.

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)  
intradaystrategies@yahoo.com

  

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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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