May 17th 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 17 09:29:15 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 <NihabaAshi> Long EuroFX @ 1.28780 -> large size 09:32 Long ER2 @ 731.70 small size 09:35 <aym> Short er2 @ 733.3 risk 1,5 09:37 Cover er2 @ 732.5 09:38 <NihabaAshi> Exit all ER2 @ 732.70 ---> +1.00 09:41 Exited EuroFX Long @ 1.28730 --> - 0.0005 09:42 Reverse and Enter Short EuroFX @ 1.28730 <les> Long ER2 @ 733.8 09:43 <NihabaAshi> Long ER2 @ 734.50 small size <aym> Short er2 @ 734.7 risk 1.5 09:44 <les> Exited all ER2 Long @ 734.7 --> + 0.9 09:48 <NihabaAshi> Covered all EuroFX Short @ 1.28720 --> + 0.0001 09:51 Exit all ER2 @ 737.50 ---> +3.00 09:52 <pdays> Shorts ER2 @ 737.0 «« paper »» 09:53 <pat255> mkt volatilty good 09:54 <pdays> Covered all ER2 Short @ 735.9 --> + 1.1 «« paper »» <szubaark> . 10:04 <NihabaAshi> Long EuroFX @ 1.28720 -> large size 10:05 Exited EuroFX Long @ 1.28600 --> - 0.0012 10:08 Reverse and Enter Short EuroFX @ 1.28600 <les> Shorts ER2 @ 733.8 <NihabaAshi> Trading error via not realizing it was after 10am est when EC gets jumpy due to the pending EIA Petroleum Status Report due out at 1030am est. 10:09 <les> Covered all ER2 Short @ 732.6 --> + 1.2 wrong 10:10 <szubaark> Niha did u get Entry signal OR intuition trade? Sponsor: <les> no, was correct <NihabaAshi> Szu...which trade ? <szubaark> Euro, the Reverse Short@1.28600 10:11 <NihabaAshi> EC so far today is "intuition only". Probably won't see any trade signals until at/near the 1030am est EIA Report. 10:12 <szubaark> by the way, Im still waiting for my DSL signal to get turned on. Im on Dial-up so no trades for me. 10:13 <les> Shorts ER2 @ 731.8 10:14 Covered all ER2 Short @ 731.5 --> + 0.3 10:15 it suddenly looked a bad un in front of all that support :( <NihabaAshi> Covered EuroFX Short @ 1.28670 --> - 0.0007 10:16 Reverse and Enter Long EuroFX @ 1.28670 Double up on the contracts on the reversal...I got my first EC pattern signal of the day. <les> Long ER2 @ 732.9 10:20 <NihabaAshi> Long ER2 @ 732.80 small size 10:21 Tighting up all stops. 10:23 Exited EuroFX Long @ 1.28590 --> - 0.0008 10:24 Reverse and Enter Short EuroFX @ 1.28590 <les> Exited all ER2 Long @ 733.4 --> + 0.5 <NihabaAshi> Shorts EuroFX @ 1.28470 -> Add Shorts EuroFX @ 1.28400 -> Add 10:25 <szubaark> Viscious Drop on Euro <NihabaAshi> Hope it keeps dropping :) <szubaark> We've been dropping since the 8:30 Am Consumer Price index :) 10:26 <NihabaAshi> Covered 1/4 EuroFX Short @ 1.28150 --> + 0.0025 Breakeven stop on ER2 now. 10:27 :( Exit all ER2 @ 732.80 ---> -0.00 10:28 <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, GLD, IWM, OIH, QQQQ, SPY) 10:30 <NihabaAshi> Covered 1/4 EuroFX Short @ 1.28050 --> + 0.0054 10:31 Sponsor: <codehead> crude spike on barrel report 10:32 <NihabaAshi> That makes up for today and yesterday's losses :) Covered 1/4 EuroFX Short @ 1.27850 --> + 0.0074 10:34 <codehead> crude spike down 10:37 <NihabaAshi> Covered Remainder EuroFX Short @ 1.28150 --> + 0.0044 10:42 <szubaark> nice Reverse on that Euro Niha. 10:43 <pat255> niha some guts ...he kept at it & got the final push..nice <les> Shorts ER2 @ 729.8 11:06 <mispe> Long YM @ 11332 11:08 Exited all YM Long @ 11327 --> - 5 11:09 <les> Covered all ER2 Short @ 727 --> + 2.8 11:15 <mispe> Long YM @ 11302 11:20 Exited 1/3 YM Long @ 11310 --> + 8 <NihabaAshi> pat255...I don't mind getting small hits for losses as long as when I do catch a winner...I ride that winner as long as possible. The key to trading when trading isn't going that well is to keep the losses small. 11:21 <les> i couldnt agree more, niha often its easy to make some big ones, but hanging onto the profits in the bad times is what counts <mispe> Exited 1/3 YM Long @ 11308 --> + 6 11:22 <les> just recently, thats what's starting to change for me... 11:23 getting more disciplined about avoiding bad trades <mispe> Exited Remainder YM Long @ 11307 --> + 5 11:24 <NihabaAshi> Everybody pushing down hard again. 11:29 Short EuroFX EC @ 1.27760 large size 11:30 <les> Shorts ER2 @ 725.7 <NihabaAshi> Just jump on and try to ride it as long as possible. Cover all EC @ 1.27650 ---> +0.0011 11:33 I lost +0.0025 ticks getting in on that EC down movement at a much higher price due to a phone call I had expected to get before the market opened :( 11:35 <les> Covered all ER2 Short @ 726 --> - 0.3 11:38 <codehead> big vegas pattern on ER setup 11:40 <les> what's a vegas pattern? 11:41 <codehead> would indicate trend reversal if it prints cci pattern right now, just a setup <szubaark> "We dont need no stikin' Prices"- Woodie 11:42 <codehead> lol <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, GLD, IWM, OIH, QQQQ, SPY) <codehead> hey szu--didn't see ya here 11:43 <szubaark> code see Private message i send you <pat255> later guys back to office ty all.. 12:04 <codehead> JBLU 12:38 <szubaark> . 13:45 <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, GLD, IWM, OIH, QQQQ, SPY) 14:04 <substanz> http://charts.dacharts.com/2006-05-17/DT 812811-05.png 14:08 strong support at 11240 14:10 <codehead> scary that we're down 200+, and sitll 2 hours left 14:15 <szubaark> substanz, was looking at that also <substanz> ok szu 14:16 <szubaark> On YM Daily, i got my 34 EMA as support or the trendline 34 EMS=Minor Support, Trendline=Major <codehead> dow 11200 test, had a felling we'd have to test that 14:18 <szubaark> thats around 11200 on /Cash 14:19 it is cash <codehead> yes <substanz> strong hands buy i think.. 14:20 <szubaark> going lower 14:45 <codehead> dow nice test of the uptrend support 15:04 <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, GLD, IWM, OIH, QQQQ, SPY) 15:16 <NihabaAshi> Take care all and see all tomorrow. 16:58 * DisconnectedSession Close: Wed May 17 16:59:01 2006 16:59 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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