May 10th 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 10 09:28:36 2006Session Ident: #futurestrades * Now talking in #futurestrades 09:28 <X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm <NihabaAshi> Shorts ER2 @ 780.20 -> large size 09:34 <pat255> gm all.. 09:35 <WannaBeBOS> 120 points from the all-time down high 09:36 <NihabaAshi> Covered ER2 Short @ 780.30 --> - 0.1 09:42 Reverse and Enter Long ER2 @ 780.30 <eminitrader> morn pat255 09:44 <pat255> gm emini 09:45 <NihabaAshi> Volatility drying up. 09:47 Preparing for a possible trade reversal. 09:48 <eminitrader> Shorts ES @ 1327.75 <les> Shorts ER2 @ 779.8 «« paper »» 09:51 Covered all ER2 Short @ 779.3 --> + 0.5 «« paper »» that was live * WannaBeBOS is now known as BOS-onthephone <les> :) <NihabaAshi> Exited ER2 Long @ 779.60 --> - 0.7 Reverse and Enter Short ER2 @ 779.60 <eminitrader> Covered 1/2 ES Short @ 1326.25 --> + 1.5 <pat255> vn guys ... 09:52 <eminitrader> thx pat 09:53 <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) 09:54 <NihabaAshi> Covered ER2 Short @ 780.20 --> - 0.6 Reverse and Enter Long ER2 @ 780.20 <eminitrader> Covered Remainder ES Short @ 1327.75 --> 0 09:55 <les> well i gues u could called this action... 09:59 frenzied inactivity <NihabaAshi> Crude Oil pit contracts just open... 10:00 <pat255> huge sellers at er 780.70 10:01 <NihabaAshi> Long EuroFX EC @ 1.28220 large size <pdays> Long ER2 @ 780.1 «« paper »» 10:02 <pat255> not much vol S ym 66 10:04 <les> pat i see 115 contracts sold and 173 bought 115 sold so far @ 780.70 10:06 seems there r more buys there, but not by much <pat255> yeah not much there ...vol low 10:07 <les> 780.5 has largest volume 229 traded contracts piss poor conditions we're stuck sideways till the oil report, looks like 10:08 <pdays> Exited all ER2 Long @ 780.7 --> + 0.6 «« paper »» 10:11 <NihabaAshi> Exit all EuroFX EC @ 1.28250 ---> +0.0003 <les> Shorts ER2 @ 780.5 «« paper »» 10:12 Covered all ER2 Short @ 781.2 --> - 0.7 «« paper »» 10:14 <pdays> Shorts ER2 @ 781.4 «« paper »» 10:19 <NihabaAshi> Long EuroFX EC @ 1.28400 large size 10:26 <pdays> Covered all ER2 Short @ 781.0 --> + 0.4 «« paper »» 10:27 <NihabaAshi> Exit all EuroFX EC @ 1.28430 ---> +0.0003 10:28 Short EuroFX EC @ 1.28370 large size 10:31 <codehead> QM dive on supply report 10:32 <aym> Short QM @ 70.5 Risk 0.3 10:34 Cover 1/2 QM @ 70.05 10:39 <NihabaAshi> Exited all ER2 Long @ 780.70 --> + 0.5 10:41 <aym> Cover 3/4 QM @ 69.8 <NihabaAshi> Exit all EuroFX EC @ 1.28300 ---> +0.0007 <pat255> nice guys tuff today ...dang <NihabaAshi> Had to dump my positions only because I started getting confused via one being Short (EC) and the other being Long (ER2). 10:42 However, I failed at my initial goal of trying to get a position establish and keep it into the FED Announcement. 10:44 <aym> Stop 1/4 QM @ 70 10:53 <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) 11:03 * BOS-onthephone is now known as WannaBeBOS 11:04 * WannaBeBOS is now known as BOS-bbl 11:08 * BOS-bbl is now known as BOS-retired 11:10 <pat255> k guys c u all later .ty all 11:14 <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) 12:15 #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) 13:27 <NihabaAshi> Shorts ER2 @ 778.50 -> large size 14:03 <les> Shorts ER2 @ 778.1 «« paper »» 14:11 Shorts ER2 @ 778.1 14:12 :(( 14:16 Covered all ER2 Short @ 779.2 --> - 1.1 14:17 Shorts ER2 @ 776.5 14:18 <NihabaAshi> Covered ER2 Short @ 777.50 --> + 1 14:20 Reverse and Enter Long ER2 @ 777.50 Long EuroFX EC @ 1.28350 large size <les> Covered Remainder ER2 Short @ 778 --> - 1.5 14:22 after those losses, thats me finished for today :( 14:23 <NihabaAshi> Exit all EuroFX EC @ 1.28250 ---> -0.0010 reverse to Long @ 1.28250 14:24 Exited all ER2 Long @ 778.80 --> + 1.3 14:26 <CTZ> nice 14:27 sitting here holding long positions in stocks <NihabaAshi> I'm stuck in my Euro...can't dump it :( <codehead> pfg feed is waay behind reality :-( 14:28 getting 30 ticks behind reality on YM on the faster moves 14:29 can't trade, even switched feeds, same <CTZ> this fed meeting seems like a non-event :D <NihabaAshi> I'm worst in my charts but my broker quotes have now caught back up. I had a limit sell order at 1.28030 14:34 It was reached and beyond but don't know if its been filled :( Sitll locked out of EuroFX. <codehead> this is pissing me off, missed another bounce trade--gotta give them some grief 14:35 went to buy 11632 again, found that price had already bounced ot 11648 14:36 <NihabaAshi> Exit all EuroFX EC @ 1.28030 ---> +0.0022 Ok...my screen isn't stuck anymore. I can trade again :) Long ER2 @ 775.80 -> large size 14:38 <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) 14:39 <NihabaAshi> Have an order in at 777.80 Long EuroFX EC @ 1.28390 large size 14:41 Exit all EuroFX EC @ 1.28490 ---> +0.0010 14:43 Exited 2/3 ER2 Long @ 777.50 --> + 1.7 Darn EC pop to the upside big time as soon as my order filled :( 14:44 Using a 1 point trailing stop just in case I get locked out again. 14:45 Volatility is drying up in EuroFX EC. 14:47 On that note...I'm done trading it today. 14:48 2 point trailing stop now. 14:49 :( 14:51 Exited Remainder ER2 Long @ 777.80 --> + 2 14:52 ER2 Volatility is now drying up. 14:56 If you look at where prices were just minutes prior to the FOMC Announcement and compare it to where the Eminis are at now... 14:57 Brokers are getting rich from the high volatile range. 14:58 Long ER2 @ 779.20 -> large size 15:04 That's a late post and I['m looking to reverse. 15:05 <substanz> Shorts YM @ 11682 «« paper »» 15:08 <NihabaAshi> Exited ER2 Long @ 778.80 --> - 0.4 Reverse and Enter Short ER2 @ 778.80 Geesh... <CTZ> my $INDU charts are missing or something on tradesation 15:10 lol :D <NihabaAshi> I just lost my NYMEX quotes. <CTZ> exciting way to trade, trade blind :D <NihabaAshi> Covered 2/3 ER2 Short @ 777.70 --> + 1.1 15:15 exit stop set ER2 @ 778.70 15:16 First time since the announcment I've had time to post my stop info. We've essentially have returned back to the range like price action or almost chop that has been hanging over the market all week. 15:18 Trailing Stop Hit ER2 @ 778.70 --> + 0.1 15:20 <pat255> k guys c u all later ...office phone connection acting up...dang...ty all 15:25 <substanz> Covered all YM Short @ 11676 --> + 6 «« paper »» 15:27 <NihabaAshi> See all tomorrow...calling it a day...not what I hoped for but I'll take it. 15:30 <GoodMood> by Niha 15:31 bye <NihabaAshi> Gotta go...its my turn to pick up the toddler from day care. <substanz> bye * NihabaAshi is now known as NihabaAshi_away <substanz> Long YM @ 11661 «« paper »» 15:47 <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) 15:51 <CTZ> goodmood long time no chat 15:52 :) hows trading? <substanz> Exited all YM Long @ 11677 --> + 16 «« paper »» 16:00 * DisconnectedSession Close: Wed May 10 23:42:06 2006 16:52 Sponsor: Sponsor: #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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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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