#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 25th Thursday 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: Thu May 25 09:24:20 2006Session Ident: #futurestrades

* Now talking in #futurestrades 09:24

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

<pat255> existing home sales, and then nat gas at 10:30 09:26

Help wanted at 10 also.

<szubaark> Oil Report 10:30 09:27

<pat255> Abby Cohen on cnbc around 9:45. If she says we go higher...it will be time to sell. 09:28

<PapaJon> gm all

<pat255> She's always a great contrarian indicator. 09:29

<NihabaAshi> Long ER2 @ 720.00 -> small size 09:34

Missed my entry at 719.50 :(

<szubaark> Shorts YM @ 11176 09:35

exit stop set YM @ 11185 09:36

Sponsor:
Slysoft

<NihabaAshi> Exited 1/3 ER2 Long @ 721.50 --> + 1.5 09:37

exit stop raised ER2 @ 720.10 09:38

Exited 1/3 ER2 Long @ 720.20 --> + 0.2

Trailing Stop Hit ER2 @ 720.10 --> + 0.1 09:39

<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) 09:40

<NihabaAshi> I'm suspicious of any ER2 price movement because NQ is doing nothing with declining volatility. 09:43

Something is going to pop soon. 09:44

Up or Down but it will be a big WRB.

<szubaark> Covered all YM Short @ 11176 --> 0 09:45

Long YM @ 11177

doesnt want to go down lets see if we go up

<les> Long ER2 @ 722.3 09:49

<szubaark> exit stop moved to breakeven YM @ 11177

possible triple top here IF we dont break 11184

Exited all YM Long @ 11177 --> 0 09:50

Shorts YM @ 11173

<NihabaAshi> Long ER2 @ 722.00 -> small size 09:52

<les> Exited all ER2 Long @ 722 --> - 0.3 09:53

trade error

got back in

<szubaark> Cant make up its mind

<NihabaAshi> Volatility drying up...preparing to reverse this if needed. 09:54

<szubaark> exit stop set YM @ 11185

news@10 09:55

<NihabaAshi> Exited ER2 Long @ 721.30 --> - 0.7

Reverse and Enter Short ER2 @ 721.30

Have an order in at 720.00

<szubaark> u Short@721.30 or got an Order to go Short@720? 09:56

<NihabaAshi> Covered 1/3 ER2 Short @ 720.00 --> + 1.3 09:57

Punks :( 09:58

Covered Remainder ER2 Short @ 721.20 --> + 0.1

<szubaark> i know not going anywhere..keep chopping in a small frikin range 09:59

Covered 1/2 YM Short @ 11168 --> + 5 10:01

exit stop moved to breakeven YM @ 11173

<NihabaAshi> Shorts ER2 @ 720.10 -> small size 10:02

I didn't have the patience yesterday to stick with my trades...

For now...I do today.

exit stop lowered ER2 @ 720.00 10:03

<szubaark> Covered all YM Short @ 11173 --> 0 10:04

:(

too frikin jumpy

<NihabaAshi> Geesh.

Trailing Stop Hit ER2 @ 720.00 --> + 0.1

Had my trailing stops hit on two great entries... 10:05

Can only sit here and watch because I'm unwilling to chase in this price action now.

<pat255> breadth is saying we should be much higher.. 10:06

<szubaark> I tried 3 times and Nothing. too much chop

<NihabaAshi> Well...I'm slightly bullish but haven't been getting good entrie on such trades. 10:07

Been getting great entries with very little result on my Shorts.

Looking like a day to just take quick small profits and not try to wait for a big trade nor wait for a WRB pt level. 10:08

<szubaark> I see a lot of Resistance here.. Globex Highs, this weeks Highs

<NihabaAshi> Shorts ER2 @ 719.30 -> small size 10:09

<NihabaAshi> Wasn't expecting that drop and almost dumped at 718.80 10:12

Covered 2/3 ER2 Short @ 718.00 --> + 1.3

<szubaark> Nice.

<eminitrader> Shorts ES @ 1266 10:13

<NihabaAshi> exit stop lowered ER2 @ 719.00 10:14

<szubaark> Possible ZLR's setting up on CCI 10:23

10:30 Natural Gas Report 10:25

Long YM @ 11162 10:28

exit stop set YM @ 11150

<eminitrader> Covered ES Short @ 1266 --> 0 10:30

Reverse and Enter Long ES @ 1266

<NihabaAshi> I just can't imagine Natural GAS moving higher from current levels...which would send Oil upwards and send the Eminis upwards. 10:31

Energies trying to go higher :( 10:32

Covered Remainder ER2 Short @ 718.70 --> + 0.6 10:33

<substanz> Long NQ @ 1588 «« paper »» 10:34

<szubaark> nice bounce from the Uptrendline since yersturday 1:30 PM eastern

<NihabaAshi> This could very be a difficult trading day as in losses... 10:38

Will just take it easy and watch the markets on and off. 10:39

Price action too weird for me right now.

<substanz> Exited all NQ Long @ 1584.25 --> - 3.75 «« paper »» 10:40

<pat255> agree ....will lead too many trades ....dang

<szubaark> Exited all YM Long @ 11156 --> - 6

crap.

Ive got no clue whats going on with this price action. 10:41

<substanz> Long NQ @ 1586.5 «« paper »» 10:45

<szubaark> Long YM @ 11174 10:46

<eminitrader> Exited all ES Long @ 1264 --> - 2 10:48

late post ..internet issues

just installed voip 10:49

<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) 10:52

<szubaark> exit stop set YM @ 11156 11:05

Market went to sleep

<substanz> Exited all NQ Long @ 1590.5 --> + 4 «« paper »» 11:10

<szubaark> exit stop set YM @ 11160 11:11

<pdays> Shorts ER2 @ 719.2 «« paper »» 11:31

<szubaark> Exited 1/2 YM Long @ 11191 --> + 17 11:35

exit stop moved to breakeven YM @ 11174

<aym> Short es 1269.5 risk 2 11:40

<szubaark> 11200 Target on Cash 11:42

<pdays> Covered all ER2 Short @ 721.2 --> - 2 «« paper »»

<szubaark> exit stop set YM @ 11180

<NihabaAshi> Wow...for the past 10mins my data has been a full 3mins behind the market 11:43

:( :( :(

<szubaark> :(( 11:44

ISP problems again?

<NihabaAshi> Must be...

I would have gotten some horrible fills :)

I just wish my cable provider had a viable competitor because they are the only choice for trading purposes. 11:45

<szubaark> Niha i heard Satellite dish could be good backup where u live. 11:46

<NihabaAshi> I have it at the condo at the ski resort...

Great for internet but not good for trading. 11:47

The satellite gave me more data stalls. 11:48

<szubaark> Geez here in my city i can choose from about 5 DSL providers. 11:49

<NihabaAshi> I wish that was the case here.

There's several dsl companies but it all goes through Bell system.

AT&T just offered DSL through primus and may take a look at it. 11:50

Right now...I'm more curious and waiting on the Enron Verdicts instead of trading :) 11:51

<pat255> my look at that too..i dont like bell south

slow connection

<szubaark> hhmm.. maybe thats why market was so choppy this morning?

<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) 11:58

<szubaark> Exited all YM Long @ 11216 --> + 42 11:59

Cash 1200 target reached 12:00

<pat255> cu all later ty all office 12:04

<NihabaAshi> Shorts ER2 @ 720.80 -> small size 12:05

Darn...volatility already drying up again. 12:08

Covered ER2 Short @ 721.50 --> - 0.7 12:09

Reverse and Enter Long ER2 @ 721.50

<WannaBeBOS> guilty verdicts coming from enron trial 12:13

<NihabaAshi> Exited ER2 Long @ 720.80 --> - 0.7

Reverse and Enter Short ER2 @ 720.80

Covered ER2 Short @ 721.00 --> - 0.2 12:23

Reverse and Enter Long ER2 @ 721.00

Sponsor:
Think Geek

<eminitrader> Long ES @ 1268.25 12:37

Exited 1/3 ES Long @ 1269.25 --> + 1 12:41

<NihabaAshi> Long ER2 @ 720.40 -> Add 12:42

<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) 13:10

<szubaark> Long YM @ 11186 13:18

exit stop set YM @ 11179 13:19

<NihabaAshi> Exited 1/2 ER2 Long @ 722.10 --> + 1.7 13:45

<eminitrader> Exited 1/3 ES Long @ 1270.50 --> + 2.25

<NihabaAshi> That trade stretch my patience to the limit...

<eminitrader> :) 13:46

<NihabaAshi> Usually I will dump it for a loss eventhough my stop wasn't hit when it last that long.

<eminitrader> came 1 tick to taking me out at b/e

<szubaark> yeah real Slow

<eminitrader> imagine tommorows trading ! 13:47

<NihabaAshi> :( 13:48

<eminitrader> looks like this month is done for

<NihabaAshi> There's a chance tomorrow all the price volatility will be done by 10am est. 13:49

<eminitrader> never had May this good past 3 yrs

<NihabaAshi> I would rather take a chance and miss something (good price movement) than take a chance and trade.

<szubaark> I wonder if Euro chop had anything to do with eminis being choppy?

<NihabaAshi> Thus, I think I'm going to take tomorrow off (no trading) or just trade prior to the Open (0930am est) in something like EuroFX EC. 13:50

<eminitrader> yep agree niha..learnt it the hard way

<NihabaAshi> Exited ER2 Long @ 722.00 --> + 1 13:52

Holding 2 contracts.

Exited Remainder ER2 Long @ 721.30 --> + 0.3

I'm done for the day...don't want to get caught in a molasses trade like that again. 13:53

<szubaark> Exited all YM Long @ 11179 --> - 7 13:54

:((

got my Stop

<eminitrader> Exited Remainder ES Long @ 1269.25 --> + 1 13:56

<szubaark> Shorts YM @ 11183

Lets see if they Dump this

exit stop set YM @ 11197

This will be my last trade.. Im starting to Overtrade. 13:58

put in a Wide Stop,looks like they Poppin Stops 14:09

Covered all YM Short @ 11197 --> - 14 14:15

Long YM @ 11200

<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) 14:22

<szubaark> exit stop moved to breakeven YM @ 11200 14:23

<codehead> IMMR had news last night

oops wrong room

<szubaark> hehe 14:24

11200 Cash test agaiin

Exited 1/2 YM Long @ 11212 --> + 12 14:25

exit stop moved to breakeven YM @ 11200

Exited all YM Long @ 11200 --> 0 14:26

:((

<codehead> naz up a lot considering semis not joining

and that dow resistance has been tough 14:27

<szubaark> Shorts YM @ 11196 14:28

exit stop set YM @ 11217 14:37

<codehead> ugh, shoulda taken my initial KONG target of 12.24 14:42

it's gettign worked on 14:43

nem hod

<szubaark> this price Action sucks 14:44

<codehead> yes 14:45

YM has vegas setup for short, not triggered 14:50

now trying

<szubaark> this could get ugly 14:53

<codehead> ES and ER 5 min ghosts

<szubaark> ghosts with trendline Breaks= good % 14:54

now the ghosts could zrl for a loss 14:55

<codehead> yeah--unless they famir down 14:56

ES 3 min trying to famir down now 14:57

dow 11200 dbl top, but it's still enticing, price hanging around 14:58

1 hour left for mkt 14:59

<szubaark> yup..im Short looking for Dump 15:00

we still have Gap to close 15:01

<codehead> YM vegas triggered

looks like we get a dip 15:03

<szubaark> nice.. 15:04

11200 Major resistance.. coudnt break it all week 15:06

<eminitrader> Shorts ES @ 1271.25 15:07

<szubaark> we touching day's uptrendlines here

<codehead> yesterday, big cci patterns, big moves, today--small moves, so far 15:08

<eminitrader> no sellers...looks like stops being taken out :(( 15:10

<szubaark> its that chop area from today 15:12

exit stop set YM @ 11205 15:13

<eminitrader> Covered ES Short @ 1271.75 --> - 0.5 15:18

Reverse and Enter Long ES @ 1271.75

<szubaark> Covered all YM Short @ 11205 --> - 9 15:24

:((

<eminitrader> Exited 1/2 ES Long @ 1272.25 --> + 0.5

<codehead> i had a feeling that dow 11200 needed another try--price didn't get scared at the dbl top 15:26

naz hod, with sox still red

<eminitrader> Exited Remainder ES Long @ 1272.75 --> + 1 15:27

<codehead> nice

<eminitrader> Shorts ES @ 1273 15:28

thx codehead

1 contract only

last trade of the day 15:29

<szubaark> Shorts YM @ 11212

trying to go ++ for day

exit stop set YM @ 11220

<codehead> dow cash still wedging up against 11200 15:30

<szubaark> Covered all YM Short @ 111220 --> - 100008 15:31

<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> Covered all YM Short @ 11220 --> - 8 15:32

Long YM @ 11220

<eminitrader> could be a top fprming here on the ES 15:33

forming

<szubaark> Exited all YM Long @ 11216 --> - 4 15:34

calling it a day. too much chop

<eminitrader> difficult to read mrkt flow today ..other than its an uptrend day 15:35

exit stop set ES @ 1274.25 15:36

<szubaark> yup.. taking a loss due to overtrading, stops getting hit and calling it a day

<eminitrader> thre's always a tommorow

exit stop moved to breakeven ES @ 1273 15:40

Trailing Stop Hit ES @ 1273 --> 0 15:43

<szubaark> Brutal Price Action 15:45

<eminitrader> yep not worth trading today ..too much stress & strain with little payback 15:48

days like these where u feel its not worth the pay

think i'm done for the wk see ya all tuesday..have a good one all 15:50

<szubaark> ok..bye emini..nice trading

<eminitrader> bye szu..

<NihabaAshi> Take care all and see all tomorrow. 16:20

* DisconnectedSession Close: Thu May 25 16:22:21 2006 16:22

Sponsor:
Traders Accounting

Trading Edge:
Strategies
#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

Books

Videos

DVD

VHS

PAL

Audio

Click Here

ER2 EuroFX EC

+9.50 +0.0000

$950.00 $0.00

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 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

Home · · About Us · · Accolades · · Trade History

Trading Strategies · · Manual · · Trader Consultation

Discussion Forums · · Japanese Candlesticks · · Traders Library

Live Chat Rooms · · Seminars · · Computer System Setup

Refund Policy · · Cash Rebate Program · · Referral Program

Contact · · Feedback · · Privacy · · Disclaimer

Copyright © 2002-2006. The Strategy Lab. All rights reserved.