May 3rd 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.
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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 May 03 08:30:02 2006Session Ident: #futurestrades * Now talking in #futurestrades 08:30 <X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm <WannaBeBOS> gm niha and guys <NihabaAshi> Hi Wanna and all. <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) 09:05 <PapaJon> gm all 09:23 <eminitrader> morn pj 09:27 * JavaGuest906 is now known as ice1962 09:32 <ice1962> gm all <NihabaAshi> Shorts ER2 @ 769.30 -> small size <eminitrader> morn ice1962 <NihabaAshi> Covered ER2 Short @ 771.00 --> - 1.7 09:34 Reverse and Enter Long ER2 @ 771.00 Long ER2 @ 771.30 -> Add Geesh...my -1.7 stops have been easy pickings by the market lately :( 09:35 I normally don't use fix stops but have been experimenting with them...without success :( I have a bearish bias today until 10am est. 09:36 May increse my size on short positions after 10am est. 09:37 tightning up my stop. 09:42 Exited ER2 Long @ 769.70 --> - 1.3 09:43 Reverse and Enter Short ER2 @ 769.70 3 contracts. 09:44 <mispe> Shorts YM @ 11425 09:49 Covered 1/2 YM Short @ 11419 --> + 6 09:51 <eminitrader> Long ES @ 1314.75 09:52 <mispe> Covered Remainder YM Short @ 11422 --> + 3 09:53 <NihabaAshi> Need a 767.10 to be profitable for the day... 09:54 Not sure if I will risk trying to capture a WRB pt2 when it's currently at a WRB pt1. 09:55 tightning up stop. 09:56 <eminitrader> Exited all ES Long @ 1312.75 --> - 2 10:02 <NihabaAshi> EuroFX EC bleeding a little right now. 10:03 <jperl> ER2 approaching VWAP 766.51 10:05 <NihabaAshi> Covered 3/4 ER2 Short @ 766.70 --> + 3.0 <mispe> Shorts YM @ 11417 <NihabaAshi> exit stop lowered ER2 @ 769.60 10:08 <WannaBeBOS> well done <mispe> Covered 1/2 YM Short @ 11411 --> + 6 Covered Remainder YM Short @ 11407 --> + 10 10:10 <NihabaAshi> Too bad ER2 broke down before the 10am est key economic report. 10:12 Had it waited for the report...I would have been Large size instead of small size :( <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) 10:14 <NihabaAshi> Covered Remainder ER2 Short @ 767.60 --> + 2.1 10:18 <mispe> Shorts YM @ 11425 10:22 Covered 1/2 YM Short @ 11419 --> + 6 10:25 Covered Remainder YM Short @ 11425 --> 0 10:30 <NihabaAshi> Shorts ER2 @ 768.40 -> large size 10:31 Too much of a fight in ER2 so far. 10:32 Covered 1/2 ER2 Short @ 767.60 --> + 0.8 10:34 I need further declines in Oil to push ER2 to my profit targets for the remainders. 10:36 Sponsor: oh oh... 10:39 ER2 volatility is dried up. There should be a WRB spike here soon. 10:40 Hopefully my way to the profit target. <WannaBeBOS> i am waiting on it as well <mispe> That's it <NihabaAshi> Covered ER2 Short @ 766.70 --> + 1.7 10:41 Holding 2 contracts. Covered Remainder ER2 Short @ 768.20 --> + 0.2 10:43 Long ER2 @ 768.50 -> small size 10:44 1 contract only. Not sure if there will be much follow-through. Exited ER2 Long @ 768.60 --> + 0.1 10:46 Be back later (taking a break)... 10:47 A little disappointed that ER2 broke down too early...preventing me from putting on some size on that first winning Short position. 10:48 * NihabaAshi is now known as NihabaAshi_away <pdays> Shorts ER2 @ 769.8 «« paper »» 11:02 Covered all ER2 Short @ 770.8 --> - 1 «« paper »» 11:04 <aym> LONG QM @ 73.175, Risk 0.2 11:12 <NihabaAshi_away> Pres. Bush schedule to talk about tax breaks and the economy around 1130am est. 11:19 * NihabaAshi_away is now known as NihabaAshi 11:20 <NihabaAshi> #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 simulator) 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/FuturesTradesChatRoom.htm 11:22 Pres. Bush speaking now. 11:23 <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) 11:26 <mispe> <NihabaAshi> Pres. Bush speaking now.... 11:41 where could you get news on that ? 11:42 <NihabaAshi> Are you asking what source told me he was going to speak today??? 11:48 Usually CNBC or Bloomberg. <mispe> ok <NihabaAshi> However, if its a key speach...it will be on the econoday's calendar 11:49 http://online.wsj.com/public/resources/d ocuments/b-econoday.htm By the way...Fed Chairman Bernanke is speaking today at 12noon est. I'm hoping that ER2 volatility dries up just before 12pm est to setup nicely any pattern signals that may appear. 11:51 Shorts ER2 @ 768.70 -> small size 12:01 2 contracts only 12:02 tightning up stops because this has a good chance to bounce back up strongly. 12:04 Pres. Bush off TV networks...now its just the market listening to Bernanke comments. 12:05 <WannaBeBOS> its not really a "major" speech no q&a afterwards 12:06 <NihabaAshi> Ok...thanks. Volatility drying up. 12:07 Although Bernanke won't talk about the economy... 12:15 Market is still waiting for him to say something interesting via the dried up volatility. Covered all ER2 Short @ 768.60 --> + 0.1 12:17 Long ER2 @ 769.10 -> small size 12:18 2 contracts only Last trade of the day unless something good as a parabolic price reaction occurs in the afternoon trading session. 12:19 <WannaBeBOS> a move either way would be nice 12:20 <NihabaAshi> Exited all ER2 Long @ 768.50 --> - 0.6 12:22 Be back later. 12:23 * NihabaAshi is now known as NihabaAshi_away <codehead> 12:35ET TSUNAMI WARNING, WATCH IN EFFECT FOR FIJI, NEW ZEALAND - PACIFIC TSUNAMI WARNING CENTER 12:36 <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) 12:38 #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) 13:47 <NihabaAshi_away> Shorts ER2 @ 766.80 -> small size 13:51 1 contract only * NihabaAshi_away is now known as NihabaAshi 13:52 <NihabaAshi> Don't like where I got short...won't hold it too long because I don't have any wiggle room. Covered ER2 Short @ 767.10 --> - 0.3 13:55 Reverse and Enter Long ER2 @ 767.10 ER2 volatility drying up. 13:59 Exited ER2 Long @ 766.40 --> - 0.7 14:06 Reverse and Enter Short ER2 @ 766.40 Into a 2 contract position Looking to add around the 765.80 area if there's enough volatility. 14:07 If not...I'll just sit on it. Meant...not be aggressive and do any adds. Volatilit was lost. 14:08 Last trade of the day...don't like my performance in the last 3 trades. 14:09 Want to make sure I finish the day profitable. volatility drying up again. 14:11 <jperl> me 14:21 <PapaJon> me too jp <jperl> hey pj where have you been 14:22 <PapaJon> been working out of town off and on helping my bro inlaw build a restaurant <jperl> which town 14:23 <PapaJon> Brentwood <NihabaAshi> Covered all ER2 Short @ 765.80 --> + 0.6 <codehead> QM lod 72.4 <NihabaAshi> That's a trailing stop hit :( Was looking for +3 points after that push down but original goal was +0.6 points. 14:24 <PapaJon> Cya all tomorrow... meeting to attend <NihabaAshi> I'm don't for the day and the dried up volatility gave me an big time warning sign to be prepare to either reverse my position or take profits at a WRB spike. 14:25 Take care and see all tomorrow. I traded much too late today with the lack of sleep last night. 14:26 * NihabaAshi is now known as NihabaAshi_away #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) 16:11 * DisconnectedSession Close: Wed May 03 16:16:46 2006 16:16 Trading Edge: #FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Index Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Index Derivatives (DAX, ESTX50), Euronext Index Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Energy Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, OIH, 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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Today's results (real money and simulator trading) shown above are that of NihabaAshi only. To see his total accumulated points for the month of May...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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