#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 24th 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.

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: Wed May 24 09:20:29 2006Session Ident: #futurestrades

* Now talking in #futurestrades 09:20

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

<codehead> PPHM on bird flu 09:21

lookit that bit pattern on daily

<szubaark> gm code 09:25

<codehead> oops wrong room on the bird flu--lol 09:26

hi szu

<pat255> morn all.. 09:29

<NihabaAshi> codehead...don't feel bad about being in the wrong room... 09:30

Once a few years ago someone posted a sex message by mistake that was intended to go to one of the other rooms he was in about S&M.

:)

I guess some traders are doing more than just trading during trading hours :) 09:31

<WannaBeBOS> lol 09:32

yeah, sorry about that niha

j/k! it wasnt really me

<szubaark> Shorts YM @ 11098 09:33

Covered 1/2 YM Short @ 11087 --> + 11 09:34

exit stop moved to breakeven YM @ 11098

Covered all YM Short @ 11098 --> 0 09:39

<NihabaAshi> Long YM @ 11093.00 -> small size 09:40

<eminitrader> Long ES @ 1254.50 09:41

<aym> Long er2 708.1 risk 2 09:43

sell er2 @ 710.2

<eminitrader> Exited 1/2 ES Long @ 1257 --> + 2.5

<NihabaAshi> Exited 2/3 YM Long @ 11107.00 --> + 14 09:44

exit stop raised YM @ 11095.00 09:46

Exited Remainder YM Long @ 11133.00 --> + 40 09:48

<szubaark> Shorts YM @ 11041

wrong

<eminitrader> Exited 1/3 ES Long @ 1260 --> + 5.5

<szubaark> Shorts YM @ 11131

<eminitrader> holding 1 more 09:49

<NihabaAshi> Geeesh...YM is a beast right now.

Not sure why especially since the econ reports aren't due until 10am and 1030am est. 09:50

<codehead> wow, noticed the inverted ghost on ER a bit ago, but didn't look like price would comply

nice move up

<NihabaAshi> Yep...when I get a +40 point YM price move and I don't even know why I captured that much...

Time for me to dump the trade.

I mean...I had a valid pattern signal but just didn't understand why it went all the way to a WRB pt3 level when normally the trade only produces a WRB pt1 level. 09:52

Also, the way YM cut through some price levels like a hot knife in butter... 09:53

Something is up.

Surely the big boys not running this thing up so that it can fall HARD when the 10am est and 1030am est numbers are released? 09:54

Could also be some Shorts taking profits ahead of the key numbers.

Shorts that's been holding for a few trading days. 09:55

eminitrader is in a nice groove with ES :) 09:56

<eminitrader> Exited ES Long @ 1261 --> + 6.5 09:59

Reverse and Enter Short ES @ 1261

<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)

<szubaark> exit stop set YM @ 11154

yeah that WRB caught me off guard.. went 20+ against me right away 10:00

Covered all YM Short @ 11154 --> - 23 10:01

Long YM @ 11162 10:02

<NihabaAshi> Shorts EuroFX @ 1.28420 -> small size

Covered all EuroFX Short @ 1.28410 --> + 0.0001

:( trailing stop hit...geeesh. 10:03

Too much volatility in the Eminis to be trying to trade EuroFX.

Will leave it alone.

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<eminitrader> Covered all ES Short @ 1264.50 --> - 3.5 10:04

<szubaark> wow.. 20+ YM candles 10:06

<pat255> even es moving fast today.. 10:11

<NihabaAshi> Shorts ER2 @ 715.60 -> small size 10:15

Covered 2/3 ER2 Short @ 714.80 --> + 0.8 10:17

<pat255> nice niha...

oh my this chsrts are killing me today..

charts 10:18

<NihabaAshi> exit stop lowered ER2 @ 715.50

Trailing Stop Hit ER2 @ 715.50 --> + 0.1

Shorts EuroFX @ 1.28050 -> small size 10:21

Covered EuroFX Short @ 1.28100 --> - 0.0005 10:23

Reverse and Enter Long EuroFX @ 1.28100

2 contracts now. 10:24

Exited EuroFX Long @ 1.28090 --> - 0.0001 10:25

Reverse and Enter Short EuroFX @ 1.28090

3 contracts now.

Covered 2/3 EuroFX Short @ 1.28000 --> + 0.0009 10:35

exit stop lowered EuroFX @ 1.28080 10:36

U.S. dollar showing some strength and Eminis have declining volatility now into the 1030am est EIA Petroleum Status Report...good time to sneak in a EuroFX EC trade.

<szubaark> Exited 1/2 YM Long @ 11181 --> + 19 10:38

exit stop set YM @ 11162 10:39

<pdays> Shorts ER2 @ 718.7 «« paper »»

<NihabaAshi> Covered Remainder EuroFX Short @ 1.27850 --> + 0.0024

<pdays> Covered all ER2 Short @ 718.3 --> + 0.4 «« paper »» 10:41

<les> Shorts ER2 @ 719.3 10:42

Covered all ER2 Short @ 718.8 --> + 0.5

<NihabaAshi> Shorts ER2 @ 715.80 -> small size 10:45

<szubaark> Exited all YM Long @ 11162 --> 0

:((

<NihabaAshi> I have a great entry but I've also lost my patience. 10:47

:(

Covered 2/3 ER2 Short @ 715.50 --> + 0.3 10:49

Covered Remainder ER2 Short @ 715.60 --> + 0.2 10:50

<szubaark> Shorts YM @ 11160

<NihabaAshi> Be back later...

* NihabaAshi is now known as NihabaAshi_away

<les> awash! 10:58

wb

<Awash_afk> howdy

* Awash_afk is now known as Awash

<les> u been gone awhile

<Awash> yep

it's been a long time

<les> u been trading? 10:59

<Awash> naw

getting ready to start tomorrow

<les> :)

<Awash> :)

<szubaark> Awash!

<Awash> what's up Szu

<szubaark> You starting tomorrow? 11:00

<Awash> yep

<szubaark> eminis right?

<Awash> yep

mini dow

emini S&P

<szubaark> super!

welcome home..heheh

<Awash> what are you trading now? 11:01

<szubaark> mini dow,NQ

<les> how long since u were last her aw?

here

<Awash> December '04

<les> wow, that long 11:02

<Awash> yeah, i know

<szubaark> still watching Korean markets?

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<Awash> somewhat, off an on with Kospi futures

it never took off right

<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) 11:04

<szubaark> Covered 1/2 YM Short @ 11140 --> + 20 11:17

exit stop moved to breakeven YM @ 11160 11:18

exit stop set YM @ 11150 11:22

code Mittens Ghost setting up on ES,YM 5 minute 11:26

* Awash is now known as Awash_afk 11:28

<szubaark> so far any rally is Short lived

* WannaBeBOS is now known as BOS-eyedoc

<les> Shorts ER2 @ 710.4 11:29

Covered all ER2 Short @ 710 --> + 0.4 11:31

<szubaark> Covered all YM Short @ 11099 --> + 61 11:33

<codehead> awesome

<les> great one szu

<szubaark> thanks... had a rough morning start.. that early Pop caught me off guard but i was able to gain my composure and come back. 11:34

[10:00] <szubaark> yeah that WRB caught me off guard.. went 20+ against me right away

<eminitrader> EXCELLENT SZU :) 11:39

<les> Shorts ER2 @ 708.4 11:40

<codehead> inverted ghost ER 11:42

on cci

green lsma, has bounce potential

long ER 707.00 paper, stop 708 11:43

709.00 paper i mean 11:44

move stop 710.00 11:45

<les> Covered all ER2 Short @ 709.4 --> - 1 11:46

<codehead> stopped +1.0

not good stop management

was too high, but i reasoned i'd get nervous and take that much in a real trade against a strong trend

the signal is still in play for bounce 11:47

could do a "famir after ghost" here 11:51

yep

<les> Long ER2 @ 711.5 11:52

Exited all ER2 Long @ 712.8 --> + 1.3 11:54

<codehead> nice

<les> thx

<pat255> c u all later ..back to ofice ..ty all. 12:02

<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) 12:16

* NihabaAshi_away is now known as NihabaAshi 12:45

<NihabaAshi> Wow...looks like I'm missing all the action

Shorts ER2 @ 703.00 -> small size 12:46

Shorts ER2 @ 703.50 -> Add 12:48

Added 1 contract...now 2 contract position.

<szubaark> Niha u got signal or "intuition"?

<NihabaAshi> Covered ER2 Short @ 703.90 --> - 0.9

Reverse and Enter Long ER2 @ 703.90

Looks like I need to hang around for the early afternoon trading. 12:49

Seems to be where all the action has been lately :)

Losing trade was a -0.90 on 1 contract and a -0.40 on the other contract. 12:50

Exited 1/2 ER2 Long @ 705.10 --> + 1.6 12:51

szu...short was an "intution trade" but reversal into a long position was a pattern signal trade. 12:54

Short position I was just trying to jump on the band wagon sort'uv speak.

<szubaark> Long YM @ 11094 12:59

<NihabaAshi> Exited Remainder ER2 Long @ 704.50 --> + 0.6

Shorts ER2 @ 703.30 -> small size 13:00

<szubaark> Exited all YM Long @ 11067 --> - 27

Shorts YM @ 11067

<NihabaAshi> Covered 1/2 ER2 Short @ 702.50 --> + 0.8 13:01

Covered Remainder ER2 Short @ 703.00 --> + 0.3 13:02

That was a lucky trade via the fact I realized it wasn't a pattern signal until after my entry :( 13:03

On that note and trade mistake...I'm done for the day. 13:04

Overall...excellent volatility today although I missed a good part of it. 13:06

<codehead> a few nice signals today--i'm not trading because i play basketball late tuesday nights

bounce patterns

here tryign to print 13:07

best one is ER ghost on 5 min 13:11

ES and YM can't quite do it yet

all rolled over 13:15

long ER 701.530 paper 13:18

stop 700.70

stop 701.70 13:19

stopped +.40

was jsut a support bounce

Ym looks a little better 13:20

<szubaark> exit stop set YM @ 11100 13:23

<codehead> russell cash at 50dma 13:24

<szubaark> yup i hope ER pulls YM down soon 13:25

<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)

<szubaark> i was looking for breakdown of lows on good followthru but now we going nowehere and i might have to eat this Stop 13:27

this will be my 2nd mistake of the day and after this trade Ill call it a day

<NihabaAshi> szu...when I start making too many trade mistakes...I do the same (call it a day). 13:29

<szubaark> Yup. Overall Bearish tone will save my behind this time. 13:30

i dont see any Support on Dow Cash til 10990 13:32

exit stop set YM @ 11067 13:36

Covered all YM Short @ 11067 --> 0

im done.

<codehead> inverted ghost on ES 3 min 13:46

and YM 3 min

<szubaark> also 2nd ghosts on 5min ES,YM,NQ 13:48

* BOS-eyedoc is now known as BOS-dilated 13:49

<codehead> now ghosts set up for the down direction 14:16

if it doesn't zlr here 14:17

nice zlr so far 14:19

rolling over for ghost try 14:22

<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) 14:37

<substanz> Shorts YM @ 11117 «« paper »» 14:41

Covered all YM Short @ 11125 --> - 8 «« paper »» 14:45

<codehead> YM testing resistance

<szubaark> code u made any YM trades today? 14:56

<codehead> just 1

near the bottom 14:57

exited for a few to get back cheaper and missed

but i didn't intend to trade today

i shoulda, not as tired as i expected to be

but once i missed the good ones, i didn't want to chase trades--but dam there have been good signals on cci today 15:00

<szubaark> ZRL's have been good. Ghosts were 50/50 15:02

gb's 100X are too much risk since when u get signal your Stop has to be 20+ points 15:03

<codehead> never tried gb100

<substanz> Shorts YM @ 11126 «« paper »» 15:04

<szubaark> Another ghost on YM 5min,ES 5min... lets watch

* BOS-dilated is now known as WannaBeBOS 15:07

<codehead> i was trying to buy that last YM dip around 11080, but fem called to chat--lol 15:08

<substanz> Covered all YM Short @ 11108 --> + 18 «« paper »»

<szubaark> code that Ghost is worth at least 20+ now 15:09

<codehead> that was a trip, the inverted ghost followed by a ghost 15:15

i'm still getting chatted up--one-hand typing 15:16

<szubaark> another zlr setting up

Good for 30+ at least 15:36

<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, GLD, IWM, OIH, QQQQ, SPY) 15:49

<NihabaAshi> Take care all...got a busy evening of website work. 16:21

<GoodMood> u 2

<NihabaAshi> See all tomorrow and hope all made some good change today.

* DisconnectedSession Close: Wed May 24 16:21:53 2006

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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.

Trader's

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Click Here

ER2 YM EuroFX EC

+4.50 +68 +0.0038

$450.00 $340.00 $475.00

Trading Patience

I wasn't satisfied with my trading day because the goal is to keep my number of trades per day at 4 trades or less for the remainder of May due to the fact I overtraded (too much commissions) the first part of the month and wanted my stats to get back to normal.

I've also noticed my lack of patience for the past few trading days and such has caused me to exit positions early even though my initial stop/loss wasn't hit nor a WRB pt1 was reached...

Lack of patience that has been causing me to leave a lot of money on the table.

Yet, I did do only small size positions today and that alone made today's trading an efficient day of trading.

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 interconnecting key price action of different markets and you can view the charts associated with the key price action 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, GLD, 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

"The point of this whole exercise is to make money. Everything else is just conversation." --Jonathan Hoenig

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