#FuturesTrades realtime trade posting journal on IRC Othernet server for full-time and part-time traders

June 2006 Trade Log Archived Trade Logs Trading Strategies

June 1st 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 towards the bottom) because sometimes the commentary will contain trading tips or insights that are more useful than what you will see at any other futures blog.

Session Start: Thu Jun 01 09:30:08 2006Session Ident: #futurestrades

* Now talking in #futurestrades 09:30

<Awash> good morning all 09:37

* NihabaAshi: you're not channel operator

* DisconnectedSession Close: Thu Jun 01 09:38:52 2006 09:38

Session Start: Thu Jun 01 09:40:47 2006Session Ident: #futurestrades

* Now talking in #futurestrades 09:40

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

<les> Exited all ER2 Long @ 723.5 --> - 1.4 «« paper »»

ouch

<szubaark> exit stop set YM @ 11190 09:41

<les> Long ER2 @ 724.6 «« paper »» 09:45

Exited 1/3 ER2 Long @ 725.1 --> + 0.5 «« paper »»

<szubaark> Covered all YM Short @ 11190 --> - 13 09:46

<les> exit stop raised ER2 @ 724.3 «« paper »»

<szubaark> Long YM @ 11190

<les> Exited 1/3 ER2 Long @ 725.6 --> + 1 «« paper »» 09:48

<Awash> Long YM @ 11195 «« paper »»

<les> exit stop raised ER2 @ 725 «« paper »»

<szubaark> Exited 1/2 YM Long @ 11206 --> + 16 09:49

exit stop moved to breakeven YM @ 11190

<codehead> consumer condifdence, chicago pmi due in 5 mins 09:55

oops, looking at wrong day in cal

today has a bunch, but not that... 09:56

<Spink> test

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<NihabaAshi> Les...sucks you got shook out of that first Long position...you have the direction correct.

<les> yeah, was just thinking same thing :)

<NihabaAshi> Shorts ER2 @ 725.80 -> small size

<codehead> construction spending 10:00, crude inv at 10:30

<les> Exited Remainder ER2 Long @ 725.6 --> + 1 «« paper »» 09:57

<NihabaAshi> :(

<codehead> mittens ghost on Ym 5 min setup, not triggered 09:58

(for down)

mittens ghost on ES

<eminitrader> mittens ghost :)

<codehead> 3 min

<szubaark> Exited all YM Long @ 11190 --> 0

<codehead> and 5

and on ER

<NihabaAshi> Covered 2/3 ER2 Short @ 725.40 --> + 0.4 09:59

Geessh...look at EuroFX futures 10:00

Crazy spike.

<codehead> wow 10:01

<NihabaAshi> It spooked me out of 2/3 of my ER2 position :(

Covered Remainder ER2 Short @ 725.70 --> + 0.1

<codehead> short ER 725.70 <paper>

<Awash> Exited all YM Long @ 11180 --> - 15 «« paper »» 10:02

<codehead> only paper cuz i'm not settled, in and out

signals are good for dip

<NihabaAshi> Long ER2 @ 725.80 -> small size 10:03

1 contract only

I'm not too convinced about the Long side today. 10:04

<pat255> now onto the next set of numbers at 10:30

<Awash> Long YM @ 11193 «« paper »»

<NihabaAshi> Exited ER2 Long @ 724.20 --> - 1.6

Reverse and Enter Short ER2 @ 724.20

Ooops... 10:05

<codehead> k--on cci ER and ES doing a zlr, signalling long, but ghosts often followed by famir, which would swing the long signal back down after a little bouce...

<NihabaAshi> That's a -0.60 not a -1.60 (typo)

I'm short at 725.20 10:06

Shorts ER2 @ 725.20 -> small size

<codehead> stop ER 725.50 <paper>

<NihabaAshi> Correction made.

<codehead> the signals are indeed doing a fmair--basically a headfake of a long signal 10:07

and turning back down

<NihabaAshi> Shorts ER2 @ 724.40 -> Add

<szubaark> making famir look bad

<codehead> we may chop a bit today as mkt figures thsi out 10:08

<NihabaAshi> Shorts ER2 @ 724.70 -> Add

3 contract position now.

<Awash> Exited all YM Long @ 11177 --> - 16 «« paper »» 10:09

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<NihabaAshi> I don't like the price action of Oil so far...its not giving the Eminis any support of its current price action.

Looking to exit my position if the Oil Index doesn't start to push down hard. 10:10

<codehead> euro popped back up

<NihabaAshi> Covered 1/3 ER2 Short @ 724.10 --> + 0.6

<codehead> covered half ER 724.50, +1.2 <paper> 10:11

<NihabaAshi> Covered ER2 Short @ 725.00 --> + 0.2

Reverse and Enter Long ER2 @ 725.00

<codehead> signals tryign to curl up 10:12

<NihabaAshi> -0.60 on one remainder and +0.20 on the last remainder...

Long now with 3 contracts.

<codehead> stopped out remainder ER +.20 paper

<NihabaAshi> Exited 1/3 ER2 Long @ 726.00 --> + 1 10:14

<codehead> nice tick & vold

<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)

<NihabaAshi> Exited 1/3 ER2 Long @ 726.10 --> + 1.1

Exited Remainder ER2 Long @ 726.00 --> + 1 10:15

<Awash> Long YM @ 11198 «« paper »» 10:16

<NihabaAshi> Reminder: 1030am est EIA Petroleum Status Report is today instead of yesterday due to Monday's holiday.

<codehead> cci signals trying to hook back down a bit 10:18

not feeling rested enough to take real trades--gonna take a nap 10:22

ER looking pretty good, but unable to get over the 100 line on cci

may get some chop 10:23

<NihabaAshi> Nothing impressive so far today...still managing my risk exposure via keeping my position size small. 10:26

<Awash> Exited all YM Long @ 11190 --> - 8 «« paper »»

<NihabaAshi> Shorts ER2 @ 725.40 -> small size 10:27

1 contract only.

1030am est EIA Petroleum Report and Natural GAS Report up next. 10:28

I may add to my position if Oil Index responds properly via pushing down hard. 10:29

Covered ER2 Short @ 726.20 --> - 0.8 10:31

Reverse and Enter Long ER2 @ 726.20

3 contracts.

:( 10:32

Geeesh.

<szubaark> Long YM @ 11200

<NihabaAshi> Nevermind... 10:33

It popped as soon as I typed.

Exited 1/3 ER2 Long @ 727.00 --> + 0.8

exit stop raised ER2 @ 726.30 10:34

Trailing Stop Hit ER2 @ 726.30 --> + 0.1

<Awash> Long YM @ 11204 «« paper »» 10:35

<szubaark> exit stop set YM @ 11190 10:36

<NihabaAshi> So far today...its just a bullish continuation pattern from yesterday's initial bullish signal @ 3:10pm est 10:38

<les> Long ER2 @ 727.6 «« paper »»

Exited 1/3 ER2 Long @ 728.2 --> + 0.6 «« paper »» 10:39

<NihabaAshi> Long ER2 @ 728.00 -> small size

<szubaark> Exited 1/2 YM Long @ 11215 --> + 15

<NihabaAshi> 2 contracts only

<szubaark> exit stop moved to breakeven YM @ 11200

<les> Exited 1/3 ER2 Long @ 728.8 --> + 1.2 «« paper »» 10:40

<NihabaAshi> I'm getting most of the direction correct today but they have been weak or my entries are too late.

<les> exit stop raised ER2 @ 727.8 «« paper »»

<NihabaAshi> Exited 1/2 ER2 Long @ 728.50 --> + 0.5 10:41

<eminitrader> Shorts ES @ 1278 -> large size

<NihabaAshi> Exited Remainder ER2 Long @ 728.10 --> + 0.1

<szubaark> emini how many contracts is Large for u now? 10:42

<eminitrader> 10 szu 10:43

am going upto max of 20 did some 20's in may 10:44

<pat255> wow emini.... 10:45

<les> Exited all ER2 Long @ 728.8 --> + 1.2 «« paper »»

<eminitrader> Covered 1/3 ES Short @ 1277 --> + 1 10:46

this is after 5 yrs on es pat

<szubaark> emini.. congratulations, you deserve it!

<pat255> vn emini... 10:47

<eminitrader> thx szu ..not there yet ..showing minor improvements month by month

<NihabaAshi> Shorts NQ @ 1597.50 -> small size

<eminitrader> exit stop set ES @ 1278.50 10:48

<NihabaAshi> Shorts NQ @ 1598.00 -> Add 10:49

2 contracts now...looking for a 3rd contract.

Shorts NQ @ 1597.00 -> Add

Covered 1/3 NQ Short @ 1595.75 --> + 1.25 10:54

Covered 1/3 NQ Short @ 1595.75 --> + 1.75

Covered Remainder NQ Short @ 1597.50 --> 0 10:56

Didn't get what I wanted out of that and didn't capture any WRB's :( 10:57

<eminitrader> exit stop moved to breakeven ES @ 1278

<NihabaAshi> #FuturesTrades Purpose -> No gurus here, no signal calling by a head trader and no intentions to educate. This room is being used as a realtime trade journal of trades (real money or simulator) and discussions. Do not mimic (shadow) the trades by others without their consent nor without private realtime consultation during such trades as stated at http://www.thestrategylab.com/FuturesTra desChatRoom.htm 10:58

<eminitrader> Covered Remainder ES Short @ 1278 --> 0 10:59

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<pat255> vn emini 11:11

<eminitrader> thx pat 11:12

<Awash> exit stop set YM @ 11205 «« paper »» 11:16

<aym> short er2 729.9 risk 1,5 11:17

<les> Long ER2 @ 730.1 «« paper »» 11:18

Exited 1/3 ER2 Long @ 730.6 --> + 0.5 «« paper »»

<Awash> Exited all YM Long @ 11231 --> + 27 «« paper »» 11:19

<les> Exited Remainder ER2 Long @ 730.1 --> 0 «« paper »» 11:22

<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) 11:26

<les> Long ER2 @ 731 «« paper »» 11:31

<szubaark> YM,ES waiting on NQ to break high 11:35

exit stop set YM @ 11220 11:38

<les> Exited all ER2 Long @ 729.6 --> - 1.4 «« paper »» 11:40

<NihabaAshi> ER2 is now above a key s/r zone that was established earlier on May 30th in the first 15mins of trading on that date. 11:43

Same with ES but not YM nor NQ. 11:44

<pat255> thibk 1 more push on es coming

<szubaark> Niha was it a WRB? 11:46

WRB as in Support/Resistance that u refering to.

ok..i see a Dark WRB.. thanks for pointing it out. 11:48

<pat255> szu on what tf? 11:51

<szubaark> 15 minutes

<pat255> kty

<szubaark> Exited all YM Long @ 11220 --> + 20

<pat255> vn szu.. 11:54

c u all later ty ..back to office ..

<aym> exit er2 @ 728.4 11:56

<NihabaAshi> [11:46] <szubaark> Niha was it a WRB? 11:58

[11:46] <szubaark> WRB as in Support/Resistance that u refering to.

szu...yes...via the 15min chart interval...the body of that WRB is the zone.

<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) 12:38

<Awash> Shorts YM @ 11218 «« paper »» 12:46

Covered all YM Short @ 11221 --> - 3 «« paper »» 13:28

<szubaark> Long YM @ 11222 13:40

exit stop set YM @ 11210 13:41

<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) 13:50

<szubaark> exit stop set YM @ 11220 13:51

exit stop moved to breakeven YM @ 11222 13:59

<substanz> Shorts YM @ 11228 14:02

<codehead> ghosts forming on indices, which would be negative 14:06

<szubaark> Exited all YM Long @ 11222 --> 0

could be a shakeout

<substanz> Covered all YM Short @ 11218 --> + 10 14:10

<Awash> Shorts YM @ 11217 «« paper »»

<szubaark> Long YM @ 11217 14:14

exit stop set YM @ 11210 14:15

<Awash> Covered all YM Short @ 11232 --> - 15 «« paper »» 14:19

<szubaark> Exited 1/2 YM Long @ 11229 --> + 12 14:20

exit stop moved to breakeven YM @ 11217

exit stop set YM @ 11225 14:41

exit stop set YM @ 11230 14:53

Slow upcreep... 14:54

<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) 15:02

<Awash> be right back 15:16

<szubaark> Exited all YM Long @ 11258 --> + 41 15:25

<eminitrader> nice one szu :) 15:28

<szubaark> thanks.. good day..80% ong trades so i was reding the market correctly 15:29

long

<eminitrader> yep nice read

<szubaark> how u did?

<eminitrader> profitable for the day ..missed an entry in the pm and decided to quit for the day 15:30

<szubaark> ok.. pm's are tough due to no followthru and u need lots of patience

<eminitrader> yep and creepy uptrends like these are something yhat i am not good at ..like u say patience which i dont have 15:31

gotto recogniuze my personality and trade in line with it :) 15:32

<NihabaAshi> Wow...looks like I missed all the afternoon fun again. 15:54

Very nice bullish continuation price action from late yesterday. 15:55

Too bad most of it was one of those "creeper uptrends".

<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) 16:11

<NihabaAshi> Take care all and see all tomorrow. 16:18

<GoodMood> u2

<NihabaAshi> I'll most likely be trading all day tomorrow...spouse and toddler will be gone most of the day :) 16:19

* NihabaAshi is now known as NihabaAshi_away

* DisconnectedSession Close: Thu Jun 01 16:25:08 2006 16:25

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Trading Strategies -> These strategies will reveal and explain specific strategies from entry to exit that exploit inefficiencies in the price action of your trading instrument for profits in the following trading instruments: 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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ER2 NQ

+3.20 +3.50

$3.20 $70.00

Too Many Key Market Events

Trading volatility can be problematic on days when there is just too much information for the market to chew on.

We had the Wednesday 1030am est EIA Petroleum Report moved to today (Thurs) due to the Monday holiday.

Also, there was a few 0830am est key economic reports, 1030am est Natural GAS Report and the 12noon est Auto Sales.

Bundle the above with a bullish continuation price action from yesterday's late afternoon trading session and today becomes one of those days I don't want to be too aggressive in my 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 June...click here. To see results for the months of 2006 and prior years...click here.
In addition, do not assume you can achieve similar like trading results if you have access to TheStrategyLab.com strategies for the following reasons:

Your trading experience level is different

Your discipline while trading is different

You'll most likely trade via a different position size

You'll most likely trade via a different trading capital (account size)

You're trading via a different broker, different charting program et cetera

Your goals (daily, weekly or monthly) will be different.

Simply, any trader that gains access to TheStrategyLab.com strategies is a trader that is being given a piece of the puzzle to profitable trading and the rest is up to you as a trader.

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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