June 6th Tuesday 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: Tue Jun 06 08:30:33 2006Session Ident: #futurestrades
  
Today's Music:

Simple Minds

Simple Minds - The Best of Simple MindsToday I listen to Simple Minds for about 30mins prior to the open, during slow price action (mainly mid-afternoon) and for about an hour after my trading day is complete to help bring the psychological aspects of trading back to equilibrium. To see my entire music selection, reviews and accessories that helps me to re-energize and prepare for the next trading day...click here.

  
* Now talking in #futurestrades08:30
<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
#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)09:00
<szubaark> gm09:12
* Awash_afk is now known as Awash09:19
<eminitrader> morn szu09:21
<szubaark> gm emini
<eminitrader> wonder how the mrkt will move today with no reports due09:22
<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<eminitrader> morn awash
<szubaark> gm Awash09:31
<NihabaAshi>  Long ER2 @ 716.10 -> small size 09:32
<pat255> gm all
<NihabaAshi> Preparing to reverse this trade...doesn't look good after my entry.09:33
Exited ER2 Long @ 715.90 --> - 0.2
Reverse and Enter Short ER2 @ 715.90
Covered all ER2 Short @ 714.80 --> + 1.1 09:36
<PapaJon> gm all
<pat255> vn niha ..good start
  

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<NihabaAshi> Made an error on that Long entry...saw something that really wasn't there.09:37

Thus, was an easy trade reversal decision.
<les>  Shorts ER2 @ 714
<szubaark>  Shorts YM @ 111087

Shorts YM @ 11087
<les>  Covered all ER2 Short @ 712.9 --> + 1.1 09:38
<szubaark>  exit stop moved to breakeven YM @ 11087 09:39
<NihabaAshi>  Shorts ER2 @ 711.80 -> small size 09:40
<les>  Shorts ER2 @ 711.8
<NihabaAshi> Looks like the same reasons tp put the market down yesterday...are still hanging over the market today especially since there's no key economic reports today.09:41
Covered 1/3 ER2 Short @ 710.50 --> + 1.3 09:42
<les>  Covered all ER2 Short @ 711.1 --> + 0.7
<pdays>  Long ER2 @ 711.3 «« paper »» 09:43
<NihabaAshi>  Covered Remainder ER2 Short @ 711.60 --> + 0.2
<szubaark> Nice start Niha.
This looks weak, we coudnt even test Overnigh highs09:44
<pdays>  Exited all ER2 Long @ 711.5 --> + 0.2 «« paper »» 09:45
<les>  Shorts ER2 @ 710 09:46
<NihabaAshi>  Shorts ER2 @ 709.10 -> large size 09:47
<les>  Covered all ER2 Short @ 709.3 --> + 0.7
<szubaark>  Covered all YM Short @ 11048 --> + 39 09:48
<NihabaAshi>  Covered 2/3 ER2 Short @ 707.60 --> + 1.5 09:49
Covered Remainder ER2 Short @ 708.90 --> + 0.2 09:50
After that drop...I think the market is just taking a few minutes to catch its breadth...09:57
Trying to decide if there's more that needs to fall or put in a weak counter-thrust in hopes some shorts starts to cash in early.09:58
<les>  Long ER2 @ 708.9 10:00

Exited all ER2 Long @ 709.4 --> + 0.5 10:03
<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)10:09
<szubaark>  Long YM @ 11040
<pat255> biab guys ...ty10:11
<szubaark>  exit stop moved to breakeven YM @ 11040 10:18

Exited all YM Long @ 11057 --> + 17 10:20
<NihabaAshi> ER2 top range of the key s/r zone is 713.6010:24
If it can get above that on some increasing volatility...it'll have a good chance to get back to around the 716.00 price area.
<szubaark> Niha, what timeframe? and you mean Today's WRB at the open?10:25
<NihabaAshi> 2min chart.10:30
There's a bigger WRB s/r zone via the 5min chart @ 715.70
715.70 top area of the zone and 711.80 the bottom area of the zone.10:31
Long ER2 @ 713.50 -> small size 10:32
1 contract only...I'm in profit protection mode.10:33
Exited ER2 Long @ 713.80 --> + 0.3 10:34
Shorts ER2 @ 711.70 10:37
1 contract only...I'm in profit protection mode.10:38
Geesh...jumpy.10:39
Covered ER2 Short @ 710.00 --> + 1.7 10:40
  
Sponsor:

Think Geek

 

I don't always trade nor monitor the market from my home office. Sometimes I'll do such from one of my favorite nearby Wi-Fi hotspot or whenever I'm traveling via using this little Wi-Fi detection gadget I got from Think Geek that will show more than just the presence of any nearby signal and its signal strength. It has a 12-character LCD that provides information on signal availability and strength as well as essential network information, including SSID, security status and channel. When multiple networks are present the LCD me to scroll through information for each network.

 

  
I caught a pattern signal that appeared picture perfect 2 ticks above that key s/r zone of 711.80 @ 712.0010:42
Reacted fast enough to get short @ 711.70 :)
<szubaark> Nice trading.10:46
<les>  Long ER2 @ 708.6 «« paper »» 11:02
Exited all ER2 Long @ 707.3 --> - 1.3 «« paper »» 11:04
Shorts ER2 @ 706.9 «« paper »» 11:05
<NihabaAshi> Counter-thrust has failed and I think I'm going to call it a day...

Will just watch, do some website work and just take it easy.
<les>  Covered all ER2 Short @ 706.4 --> + 0.5 11:06
Shorts ER2 @ 706.1 11:10
Covered all ER2 Short @ 705.8 --> + 0.3 11:11
<aym> Short QM @ 71.75 risk 0.211:17
<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)11:21
<aym> Cover Qm @ 71.511:25
<szubaark> aym how much is one tick on QM?11:34
<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)12:33
* WannaBeBOS is now known as BOS-retired12:41
<szubaark>  Shorts YM @ 10992 13:40
<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)13:42
<szubaark>  exit stop set YM @ 10992

Covered all YM Short @ 10980 --> + 12 14:00
<Awash> afternoon y'all14:15
how's trading
Long YM @ 10991 «« paper »» 14:37
Exited all YM Long @ 10977 --> - 14 «« paper »» 14:40
Shorts YM @ 10960 «« paper »» 14:44
* BOS-retired is now known as WannaBeBOS14:52
<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)14:54
<Awash>  exit stop set YM @ 10959 «« paper »» 15:01

Covered all YM Short @ 10959 --> + 1 «« paper »» 15:03

Shorts YM @ 10970 «« paper »» 15:07

exit stop set YM @ 10969 «« paper »» 15:17
<eminitrader> wow ..missed trading today..caught up in an errand all day15:26
<Awash>  Covered all YM Short @ 10956 --> + 14 «« paper »» 15:28
<szubaark> hi codehead, how is trading today?15:36
<eminitrader>  Shorts ES @ 1262

Covered ES Short @ 1263 --> - 1 15:40

Reverse and Enter Long ES @ 1263
<szubaark> nice Reversal emini15:42
<eminitrader>  Exited all ES Long @ 1266 --> + 3
<substanz>  Shorts YM @ 11007 15:56
<codehead> hi szu16:04

they shut my power off at 9am pdt, and turned it back on at noon (pdt--an hour left in mkt)

got a 63 point long move in YM :-)16:05

on one contract, i took the other off at +25
<WannaBeBOS> nice code16:06
<codehead> before the outage, i ws down, so that helped
<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> was glad they powered up a couple hours ahead of schedule, was expecting closing bounce

they rewired the power lines, not sure why
<WannaBeBOS> thats a sweet gift
<codehead> yeah, saved my day16:07

i was trying to "make" trades early on, watching the clock--was afraid i'd do that today

was tough tho, i wanted to long ER near 702, and couldn't cuz power was about to be cut16:08

i need to rewrite that trading macros--lost em in my computer theft--and i'll try to post trades16:09

i wrote some nice ones for Mac, but didn't have backup
<WannaBeBOS> it got stolen?16:10
<codehead> my office got cleaned out back in novemeber
  
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<WannaBeBOS> wow
<codehead> drug addict, idiot left his caller id when he checked to see if i was home16:11

but couldn'

t

nail him with anything
<substanz>  Covered all YM Short @ 11010 --> - 3
<WannaBeBOS> that calls for martial law
<codehead> i was insured, but he stole my backup drives, hadn't done offsite in a long while, so data loss was painful16:12
i write code and music, lost a lot of work
lost guitars, keyboards, cameras... lotta stuff
<WannaBeBOS> ouch
<codehead> but, cept for the data--including family pix for a the past few years--the insurance was "full replacement"16:13
which means i get brand new better stuff to replace it
so there's at least that16:14
<WannaBeBOS> i would still hunt that joker down, and give him a beating
<codehead> yeah, tempted
cuz i knew his name
sicilian friend said he knew some russians...
lol
<WannaBeBOS> there you go
<codehead> wow, my Sicilian friend took four bullets recently
attempted carjacking
crazy16:15
<NihabaAshi> Geesh.
<codehead> no organs, no arteries, no bones
amazing
one is still in him
<WannaBeBOS> sick
<codehead> and they had to open him up for shrapnel when they shot his car
his russian friends called him at the hospital and asked how many machine guns to bring, to hunt the perps16:17
<WannaBeBOS> haha
<codehead> sheesh
lol
<WannaBeBOS> russians will whack anyone

where do you live code?16:18
<codehead> he told me "if you want... $1000-$2000--the guy *will* tell them what he did with your computers"
<WannaBeBOS> haha16:19
<codehead> Torrance CA--the carjacking was offramp of 110 at PCH
<WannaBeBOS> geez
<codehead> freaking knucklehead pulled in my long driveway on a cul de sac 8am sunday morning, broke a window facing neighbors16:20
the cops coulnd't even believe a burglar would try my place
one call, no outlet
<WannaBeBOS> maybe the thief knew that16:21
<codehead> there was a burglar in the area once, cops brought in 28 cars and locked it down for blocks, then went in and found him
well, anyway, it's *still* pretty aggravating16:22
still replacing things
how was trading for you?16:24
i'm slowly improving things, getting used to trading at least two contracts, helps16:25
<NihabaAshi> Take care all and hope all made good profits today.

See all tomorrow.
<codehead> k, cya niha
* DisconnectedSession Close: Tue Jun 06 16:25:38 2006
  
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Strategies

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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 EuroFX EC
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Trading Perspective

Today was still under yesterday's umbrella of Iran, Oil and Bernanke comments and is one of the main reasons why many successful traders say that we can exploit repetitive price actions as long as we understand what is moving the market. 

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.

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.

  

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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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