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

May 2006 Trade Log Archived Trade Logs Trading Strategies

May 8th Monday 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: Mon May 08 09:29:13 2006Session Ident: #futurestrades

* Now talking in #futurestrades 09:29

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

<PapaJon> gm all 09:31

<eminitrader> morn pj 09:32

<pat255> gm all 09:33

<NihabaAshi> Shorts ER2 @ 782.50 -> large size 09:34

Shorts ER2 @ 783.00 -> Add 09:36

<eminitrader> Shorts ES @ 1329 09:39

<NihabaAshi> Covered 1/3 ER2 Short @ 781.90 --> + 1.1 09:40

Covered ER2 Short @ 783.30 --> - 0.8 09:41

Reverse and Enter Long ER2 @ 783.30

:( 09:45

<jimmy> Shorts ES @ 1329.50 09:46

<eminitrader> Shorts ES @ 1330 -> Add 09:49

<NihabaAshi> Exited 1/3 ER2 Long @ 784.40 --> + 1.1 09:55

Exited Remainder ER2 Long @ 783.70 --> + 0.4 09:59

Shorts ER2 @ 784.50 -> large size 10:01

<jperl> ER2 testing 2 day VWAP 784.30 10:02

<les> Shorts ER2 @ 783.9 «« paper »» 10:12

<NihabaAshi> Covered Remainder ER2 Short @ 784.40 --> + 0.1 10:13

:(

<codehead> QM 68.40

<NihabaAshi> Trailing stop hit :( 10:14

<les> frankly..

the price action sucks today

<NihabaAshi> Agree.

Whenver a trade comes within 1 tick of me having a WRB target to exit the position...

<PapaJon> prolly wont see much till aft weds fomc stuff

<NihabaAshi> Then it reverses can picks off my trailing stop. 10:15

<les> well this from Barron's:

<NihabaAshi> for a measley 1 tick profit...

<les> "The first part of the week (through Wednesday) will just be killing time."

<NihabaAshi> Trading sucks.

<PapaJon> so does poison oak

<les> 's funny how when the trading goes out of the window...

we turn up the bullshit :)) 10:16

<PapaJon> lol

<pat255> biab guys office work...:( 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

<les> Covered all ER2 Short @ 785.1 --> - 1.2 «« paper »» 10:22

<jimmy> Covered all ES Short @ 1330 --> - 0.5 10:25

<NihabaAshi> All my NYMEX data and index has stopped since 1009am est. 10:29

:(

<les> Shorts ER2 @ 784.8 «« paper »» 10:32

exit stop set ER2 @ 785.5 «« paper »»

wrong entry post 10:33

Shorts ER2 @ 784.7 «« paper »»

Covered all ER2 Short @ 784.2 --> + 0.5 «« paper »» 10:38

<NihabaAshi> 5 10:39

Anybody here using the 5 min chart or higher for day trading ??? 10:40

<eminitrader> i use it just for confirmation 10:43

set-ups r per the 3 min

<NihabaAshi> Shorts ER2 @ 783.20 -> small size 10:45

<eminitrader> Covered 1/2 ES Short @ 1328 --> + 2 10:46

<NihabaAshi> Actual pattern signal at 784.10

Having a little data problem :(

Covered all ER2 Short @ 782.90 --> + 0.3 10:48

Too many data problems right now...I missed getting the pattern signal price in to trades today by an average of 0.7 points. 10:52

Simply, I lost 0.7 points per contract on two profitable trades today :(

Gonna read a book be back later...maybe my data vendor is good again and there's a better price action to trade. 10:53

* NihabaAshi is now known as NihabaAshi_away

<eminitrader> Covered Remainder ES Short @ 1328.50 --> + 0.5 10:57

<NihabaAshi_away> Long ER2 @ 783.00 -> small size 11:14

* NihabaAshi_away is now known as NihabaAshi

<NihabaAshi> Unbelievable. 11:15

Geeeshh.

Exited ER2 Long @ 782.30 --> - 0.7 11:17

Reverse and Enter Short ER2 @ 782.30

Shorts ER2 @ 782.30 -> Add 11:19

I now have a 3 contract position.

I want a minimum of 781.80 out of this trade to make it worth my effort. 11:21

Covered 2/3 ER2 Short @ 781.40 --> + 0.9 11:22

Covered Remainder ER2 Short @ 781.70 --> + 0.6 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) 11:30

<pdays> Long ER2 @ 784.0 «« paper »» 13:24

<codehead> oil making a comeback 14:23

<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) 15:03

<pdays> Exited all ER2 Long @ 784.5 --> + 0.5 «« paper »» 15:11

<eminitrader> Long ES @ 1329 15:16

* Looking up DeanK user info... 15:31

up moosi user info... 15:32

<NihabaAshi> Yep...looks like this will be the tone of the market until the FOMC Announcement. 15:34

<WannaBeBOS> snooze fest 15:35

<NihabaAshi> Tomorrow I'll be better prepared to do personal stuff instead of watching paint dry (this market).

:)

I'll just trade the first hour market action only tomorrow. 15:36

<WannaBeBOS> if that

later guys 16:02

<eminitrader> Exited all ES Long @ 1328 --> - 1 16:08

<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) 16:15

<NihabaAshi> See all tomorrow and I plan on trading just the first hour of trading. 16:34

* DisconnectedSession Close: Mon May 08 16:35:10 2006 16:35

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#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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Trading Perspective

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)
intradaystrategies@yahoo.com
Note: Each month there are a few trading days that we consider to involve key price action interconnecting different markets and you can view the charts along with their stories at our key chart story archives.

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 DIA, OIH, IWM, QQQQ and SPY

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

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