May 9th Tuesday 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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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: Tue May 09 09:26:37 2006Session Ident: #futurestrades * Now talking in #futurestrades 09:26 <X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm <NihabaAshi> I'm expecting a small trend in the first our of trading and then range bound the remainder of the day until maybe the last hour of trading. 09:27 Same thing tomorrow morning until the FOMC Announcement. <pat255> gm all 09:35 <NihabaAshi> Shorts ER2 @ 782.40 -> large size Only key econ report today is the 10am est Wholesale Trade Report. 09:37 If EuroFX EC begins showing some good volatility...I'll dump my ER2 position and switch to trading EuroFX. 09:38 Shorts ER2 @ 783.00 -> Add 09:43 Oh oh...volatility is drying up. 09:44 Covered ER2 Short @ 783.00 --> - 0.6 09:49 Reverse and Enter Long ER2 @ 783.00 Exited ER2 Long @ 782.30 --> - 0.7 09:55 Reverse and Enter Short ER2 @ 782.30 Shorts ER2 @ 781.60 -> Add <pdays> Long ER2 @ 782.1 «« paper »» 09:57 Exited ER2 Long @ 782.5 --> + 0.4 «« paper »» 10:01 Reverse and Enter Short ER2 @ 782.5 «« paper »» <aym> Short ES @ 1327.5 Risk 2. <NihabaAshi> Long EuroFX EC @ 1.27800 large size <pdays> Covered all ER2 Short @ 781.8 --> + 0.7 «« paper »» 10:02 <NihabaAshi> Cover all EuroFX EC @ 1.27830 ---> +0.0003 10:03 <les> Long ER2 @ 780 «« paper »» 10:04 that was wrong entry 10:07 <NihabaAshi> Volatility drying up. <les> Long ER2 @ 782 «« paper »» * WannaBeBOS is now known as BOS-phonecall 10:08 <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) 10:09 <NihabaAshi> Covered ER2 Short @ 782..70 --> -0.30 on 2/3 and -1.10 on 1/3 Reverse and Enter Long ER2 @ 782..70 <les> Exited 1/3 ER2 Long @ 782.5 --> + 0.5 «« paper »» <les> Exited 1/3 ER2 Long @ 783 --> + 1 «« paper »» 10:12 exit stop raised ER2 @ 782.4 «« paper »» exit stop raised ER2 @ 782.1 «« paper »» Exited ER2 Long @ 782.7 --> + 0.7 «« paper »» 10:16 Reverse and Enter Short ER2 @ 782.7 «« paper »» Covered 1/3 ER2 Short @ 782.2 --> + 0.5 «« paper »» 10:19 <NihabaAshi> Exited ER2 Long @ 782.00 --> - 0.7 10:23 Reverse and Enter Short ER2 @ 782.00 <les> Covered 1/3 ER2 Short @ 782.1 --> + 0.6 «« paper »» 10:24 exit stop lowered ER2 @ 782.6 «« paper »» <NihabaAshi> I need to be in EuroFX...getting too many small losses in ER2. <les> exit stop lowered ER2 @ 782.3 «« paper »» 10:27 <NihabaAshi> Covered 1/3 ER2 Short @ 781.90 --> + 0.1 Long EuroFX EC @ 1.28020 large size 10:30 Looking to ADD to the EC position 10:31 <les> Covered Remainder ER2 Short @ 782.5 --> + 0.2 «« paper »» 10:32 <NihabaAshi> Geeesh...can't add to EC until I dump some more of ER2. 10:33 :( 10:34 ADD EC @ 1.28030 10:37 I'm a little extended here. 10:38 Exit all @ 1.28080 ---> +0.0005 and +0.0006 10:40 Covered all ER2 Short @ 782.90 --> - 0.9 10:41 Shorts EuroFX @ 1.28040 -> large size 10:42 Covered all EuroFX Short @ 1.28000 --> + 0.0004 10:44 Shorts ER2 @ 782.80 -> large size 10:48 I'm loaded... Have some ground to make up in ER2. May not have been a good strategy to be monitoring both ER2 and EuroFX EC at the same time. 10:49 Volatility has dried up...lets see what happens. 10:51 Preparing to reverse if needed into any WRB. <pat255> later guys office work again...ty all 10:55 <NihabaAshi> Shorts ER2 @ 783.20 -> Add 10:57 Covered ER2 Short @ 783.50 --> - 0.7 11:00 Reverse and Enter Long ER2 @ 783.50 That's a trailing stop reversal...didn't expect it to get hit. 11:01 Wasn't fast enough to dump it above 784.00 11:02 783.50 and 784.20 are WRB levels. 11:03 Geeesh...volatility drying up again :( 11:05 <codehead> QM (oil futs) has inverted vegas setup, not triggered, but would indicate a reversal down if it does 11:06 <NihabaAshi> Vegas is a good name for today :( <codehead> lo, true lol i did gamble YM and lost 9, next trade got it back, and i'm just sittin', first one was just that, gamble with a stop above hod 11:07 <NihabaAshi> I got the size on ER2 to make a run at being profitable but can't take anymore small losses. Need a 2 pointer minimum. 11:08 :( <codehead> i hate it when you know how much you need, and mkt seems to know too 11:09 <NihabaAshi> Agree. I usually catch two big trades every 7 days. Haven't caught one yet this months... So I'm due. 11:10 <codehead> been a while for me, just trying to hang around 11:12 mostly trading stocks, need to get my nerve back for futs <NihabaAshi> I didn't want to be this aggressive in my trading until after the FOMC Announcment through Friday trading session. 11:13 Volatility drying up again :( 11:15 Was hoping this could turn into a creeper uptrend before volatility dried up. <codehead> California took in a record $11.3 billion in personal income tax receipts in April, $4.3 billion more than it collected last April. It's almost certain that a significant chunk of April's haul came from Google employees -- perhaps one-eighth or more of the tax receipt gain. <NihabaAshi> Wow. 11:16 <codehead> yeah <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 <NihabaAshi> Exited all ER2 Long @ 784.60 --> + 1.10 11:25 <jimmy> Gold fut. at 700 11:29 <NihabaAshi> Wow...Gold...first time at that price in over +20 years ??? 11:32 Craxzy day tomorrow... 11:34 1030am EIA Petroleum Report and the 2:15pm est FOMC Announcment Trading days like that appear once per month. 11:35 Gotta be knee deep in it. So many market dynamics occurring or gathering at some apex... 11:40 The remainder of the trading week could be a wild ride. <BOS-phonecall> going to hit hard when it does hit <NihabaAshi> Gold at highs, Oil and IRAN, FOMC Announcment et cetera. 11:41 Shorts ER2 @ 785.30 -> large size 11:44 I think I got back my ER@ timing. Volatility drying up again and this time I'm not going to hang around to see which way the WRB is going to form. 11:50 All out between 784.80 and 785.00 11:57 Covered all ER2 Short @ 784.90 --> + 0.4 Be back later...promised spouse I would eat lunch with her. 11:58 * NihabaAshi is now known as NihabaAshi_away <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) 12:30 <pat255> hi guys ...back 13:36 <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) 13:42 * NihabaAshi_away is now known as NihabaAshi 13:46 * BOS-phonecall is now known as WannaBeBOS 14:35 <NihabaAshi> I'm not expecting any volatility until after 3pm est (if any) when some of the early bird big boys establish overnight positions ahead of tomorrow's FOMC Announcment. 14:47 <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) 14:54 <codehead> in futs room earlier today, i said "QM (oil futs) has inverted vegas setup, not triggered, but would indicate a reversal down if it does" 15:01 and that was indeed the top 15:02 i need to trade QM someday--sigh--just watch it 15:03 but it seems to obey the signals pretty well <NihabaAshi> The market is now entering an area I consider to be for those that are good at some manipulation... 15:52 Anything between 3:45pm - 4:15pm est. Take care all and see all tomorrow. I'll be here very early in hopes of establishing a "position trade" most likely in EuroFX EC and will try to "day trade" ER2. 15:53 * NihabaAshi is now known as NihabaAshi_away <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) 16:03 * DisconnectedSession Close: Tue May 09 16:56:49 2006 16:56 Sponsor: 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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