#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 12th Monday 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: Mon Jun 12 08:15:05 2006Session Ident: #futurestrades

* Now talking in #futurestrades 08:15

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

<pat255> gm all

wow eur below 1.27 08:18

<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) 08:48

<pat255> europe all red... 08:50

there is Fed speakers almost every hour today including Bernacke this afternoon 08:55

sorry, he speaks this evening..

Five Fed officials, including Chairman Ben Bernanke, are scheduled to speak today. But the market is really holding its breath for important inflation data this week - the Producer Price Index tomorrow and the Consumer Price Index on Wednesday. 09:08

<eminitrader> thx for the update pat 09:13

<pat255> yw emini 09:14

* DisconnectedSession Close: Mon Jun 12 09:14:32 2006

Session Start: Mon Jun 12 09:26:26 2006Session Ident: #futurestrades

* Now talking in #futurestrades 09:26

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

<eminitrader> good thing is it can only make 3 moves ! no infinite sna 09:27

<les> )

<eminitrader> sna = typo 09:29

meant scenarios

<Awash> morning all 09:33

<eminitrader> Shorts ES @ 1265.75

<les> Shorts ER2 @ 704.1 «« paper »» 09:34

Covered 1/3 ER2 Short @ 703.6 --> + 0.5 «« paper »» 09:35

exit stop lowered ER2 @ 704 «« paper »»

Trailing Stop Hit ER2 @ 704 --> + 0.1 «« paper »»

<eminitrader> Covered 1/3 ES Short @ 1264.75 --> + 1 09:37

<les> Shorts ER2 @ 702.4 «« paper »» 09:39

<asd> Buy er2 @ 696.2 risk 2

<les> Covered 1/3 ER2 Short @ 701.6 --> + 0.8 «« paper »»

Covered Remainder ER2 Short @ 702.3 --> + 0.1 «« paper »» 09:40

<eminitrader> Covered Remainder ES Short @ 1265.75 --> 0 09:43

<Awash> Long ES @ 11006 «« paper »» 09:45

YM

<asd> Exit er2 @ 698.7

<Awash> Exited all ES Long @ 10991 --> - 15 «« paper »» 09:47

<les> Shorts ER2 @ 702.8 «« paper »» 09:48

Covered 1/3 ER2 Short @ 702.3 --> + 0.5 «« paper »» 09:49

exit stop moved to breakeven ER2 @ 702.8 «« paper »» 09:52

Covered Remainder ER2 Short @ 702.7 --> + 0.1 «« paper »» 09:53

<eminitrader> Shorts ES @ 1265.25 09:56

Covered all ES Short @ 1265.25 --> 0 09:57

<szubaark> Long YM @ 11008

<les> Shorts ER2 @ 702.4 «« paper »» 10:00

Covered 1/3 ER2 Short @ 701.9 --> + 0.5 «« paper »»

<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> Exited all YM Long @ 10990 --> - 18

Shorts YM @ 10989 10:01

<les> exit stop lowered ER2 @ 703.3 «« paper »»

<Awash> Shorts ES @ 1263 «« paper »»

<les> Covered 1/3 ER2 Short @ 700.7 --> + 1.7 «« paper »» 10:02

sorry, late post

<substanz> Shorts YM @ 10989 «« paper »»

<les> exit stop lowered ER2 @ 701.7 «« paper »» 10:04

Trailing Stop Hit ER2 @ 701.7 --> + 0.7 «« paper »»

<substanz> Covered all YM Short @ 10985 --> + 4 «« paper »» 10:05

Long YM @ 10985 «« paper »» 10:06

<les> Shorts ER2 @ 700.4 «« paper »» 10:10

Covered 1/3 ER2 Short @ 699.9 --> + 0.5 «« paper »»

<eminitrader> Long ES @ 1261,50 10:11

<substanz> Exited all YM Long @ 10982 --> - 3 «« paper »»

<les> exit stop lowered ER2 @ 700.7 «« paper »»

Covered 1/3 ER2 Short @ 699.5 --> + 0.9 «« paper »» 10:12

exit stop lowered ER2 @ 700.3 «« paper »»

exit stop lowered ER2 @ 699.8 «« paper »» 10:13

<Awash> Covered all ES Short @ 1261 --> + 2 «« paper »» 10:15

<eminitrader> Exited all ES Long @ 1260.50 --> + 1260.50 - 1261,50

<les> exit stop lowered ER2 @ 699 «« paper »»

<szubaark> exit stop set YM @ 10989 10:16

<codehead> russell has a little support soon... 10:17

<les> exit stop lowered ER2 @ 698.4 «« paper »»

<szubaark> Covered all YM Short @ 10960 --> + 29

<substanz> Long YM @ 10961 «« paper »»

<eminitrader> nice szu

<Awash> very nice

<szubaark> thanks

<PapaJon> jeeze... did bernie say something disturbing? 10:18

<codehead> could get a littel bounce here

<les> Covered Remainder ER2 Short @ 696.5 --> + 3.9 «« paper »» 10:19

<codehead> long ER 6965.70 <paper> 10:20

<mispe> Long YM @ 10957

<codehead> stop 695.60 ER b/e <paper> 10:21

<mispe> Exited 1/2 YM Long @ 10962 --> + 5

<codehead> raise stop 696.30 <paper>

raise stop 696.60 <paper>

<mispe> Exited Remainder YM Long @ 10966 --> + 9 10:22

<codehead> exit ER +1.00

paper

i did want to go long real in 695 rang, but chickened--already took one long scalp for a pt and want to keep it

but that was a potential bounce point as a i mentioned 10:23

<mispe> Long YM @ 10960

Exited 1/2 YM Long @ 10965 --> + 5

<substanz> Exited all YM Long @ 10971 --> + 10 «« paper »» 10:25

<mispe> Exited Remainder YM Long @ 10971 --> + 11

Shorts YM @ 10970 10:29

Covered 1/2 YM Short @ 10965 --> + 5 10:30

Covered Remainder YM Short @ 10970 --> 0

<codehead> hm, inverted ghost setup on ER 3 min

it's working 10:32

<substanz> Shorts YM @ 10982 «« paper »» 10:34

<mispe> Long YM @ 10982 10:37

<NihabaAshi> I'm simulator trading only today...getting ready to test something that someone shared with me about their strategy. 10:39

<substanz> Covered all YM Short @ 10985 --> - 3 «« paper »»

<NihabaAshi> Long ER2 @ 699.30 -> small size «« simulator »»

<mispe> Exited 1/2 YM Long @ 10987 --> + 5 10:40

Exited Remainder YM Long @ 10992 --> + 10

<Awash> Long ES @ 1263 «« paper »»

<pdays> Long ER2 @ 699.1 «« paper »» 10:45

<Awash> Exited all ES Long @ 1261 --> - 2 «« paper »» 10:51

<mispe> Long YM @ 10979 10:52

Exited 1/2 YM Long @ 10989 --> + 10 10:54

Exited Remainder YM Long @ 10987 --> + 8 10:55

<szubaark> Shorts YM @ 10979 10:59

exit stop moved to breakeven YM @ 10979 11:01

<les> Shorts ER2 @ 695.2 «« paper »» 11:05

<mispe> Long YM @ 10962 11:07

<les> Covered all ER2 Short @ 697.1 --> - 1.9 «« paper »» 11:09

<mispe> Exited 1/2 YM Long @ 10967 --> + 5

<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) 11:12

<mispe> Exited Remainder YM Long @ 10969 --> + 7

<Awash> Long ES @ 10959 «« paper »» 11:15

<szubaark> Covered all YM Short @ 10944 --> + 35 11:18

<eminitrader> u rocking today szu :))

<szubaark> emini.. just reading this crap right so far

<eminitrader> good for u szu 11:19

a day like this gives us a lot of confidence

<mispe> Long YM @ 10951 11:22

<codehead> potential vegas pattern on 3 min charts

<szubaark> yes.. morning was choppy i stayed away from that for the most part

<Awash> Exited all ES Long @ 10939 --> - 20 «« paper »» 11:23

<szubaark> ES busted low

<mispe> Exited all YM Long @ 10941 --> - 10 11:24

<eminitrader> yep waiting for around 1250 - 52 to go long for the day

<szubaark> emin thats yur S level?

S=Support?

<eminitrader> expecting good support at this level 11:25

<itsmevu> 1252 = poc

<mispe> Long YM @ 10946 11:26

<eminitrader> Shorts ES @ 1258.50

<codehead> YM 3 min vegas at trigger 11:27

<substanz> Shorts YM @ 10947 «« paper »» 11:28

<codehead> long YM 10946 <paper> 11:30

<Awash> Long ES @ 1258.25 «« paper »» 11:31

<codehead> set stop b/e 10946 YM <paper> 11:32

<mispe> Exited 1/2 YM Long @ 10953 --> + 7

<codehead> raise stop YM 10951 11:33

<substanz> Covered all YM Short @ 10962 --> - 15 «« paper »»

<codehead> raise stop YM 10957

<mispe> Exited Remainder YM Long @ 10964 --> + 18

<codehead> exit 1/2 YM 10965 +20 <paper> 11:34

<Awash> exit stop set ES @ 1258.50 «« paper »»

<eminitrader> Shorts ES @ 1260.75 -> Add

<codehead> raise stop YM 10964 <paper> 11:39

<mispe> Long YM @ 10969 11:40

<codehead> stopped YM 10964 +18 <paper> 11:42

<Awash> let see if ES can plow thru R from 9:56 swing high 11:47

<codehead> 5 min famir YM 5 min szu

ER 3 min too 11:48

<Awash> Exited all ES Long @ 1260.25 --> + 2 «« paper »» 11:49

<mispe> Exited all YM Long @ 1970 --> - 8999

10970 == +1 11:50

<Awash> only if I was patient for one more minute

<pdays> Exited all ER2 Long @ 699.4 --> + 0.3 «« paper »» 11:55

<eminitrader> Covered all ES Short @ 1262 --> - 4.75 11:58

<pat255> sory emini...:( had a S too but covered b/e 12:00

<codehead> ghost 3 min YM 12:04

not a high-yield one

ES has one too that triggered 12:05

i'd be hesitant to take them short tho 12:06

<substanz> Shorts YM @ 10988 «« paper »» 12:09

real trade

Covered all YM Short @ 10989 --> - 1 12:17

<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) 12:21

<eminitrader> thx pat ..not a good way to start the wk... 12:39

<pat255> :( 12:40

<eminitrader> specially if the mrkt go in ur way after taking out the stop :((

<pat255> yes ...always a bummer... 12:41

<eminitrader> anyways got to stick to my rule --no trades 11 - 1pm ...broke it cause of the recent volatility 12:42

<pat255> hmmm k will keep that in mind ... 12:43

<NihabaAshi> I ran out of time and its time for lunch... 13:08

Closing this simulator trade that represents someone's strategy I'm testing... 13:09

Will reopen it when I return back to lunch but only if its below 700.00 price level.

<pat255> k... 13:10

<NihabaAshi> Exited all ER2 Long @ 700.00 --> + 0.7

<codehead> hm, naz 5 min breaking a lil triangle upside...

* NihabaAshi is now known as NihabaAshi_lunch 13:11

<eminitrader> lol

nice nick

<codehead> QM lod 13:29

<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) 13:33

<Awash> Anyone know of any good sites for free access to trading webinars? 13:38

<codehead> szu--inverted ghost ER 3 min with head in extremes 13:55

ES same

YM same, cept not symmetrical like ER 13:56

<szubaark> 2pm treasury Budget 13:59

<Awash> Long ES @ 1256.75 «« paper »» 14:09

<szubaark> Shorts YM @ 10955 14:12

* NihabaAshi_lunch is now known as NihabaAshi 14:13

<szubaark> exit stop moved to breakeven YM @ 10955 14:18

<NihabaAshi> Long ER2 @ 694.90 -> small size «« simulator »»

Same test trade signal...1 contract only...same very wide stop.

Meant...stop based upon WRB that happens to be a wide stop. 14:19

<eminitrader> u not trading today niha ..mean real trades ?

<Awash> Exited all ES Long @ 1254.75 --> - 2 «« paper »» 14:21

<szubaark> emini i see u took a larger Stop then i see u take

<eminitrader> yes szu reason was the addon 14:22

<szubaark> ok 14:23

<eminitrader> also with the recent volatility thought give it more room ...unfortunate that the mrkt reversed just after taking my stops :((

<NihabaAshi> emini...no real trades for me today... 14:24

<eminitrader> stop is a stop... gotto go with them ...can't win all the time 14:25

k thx niha ..any particular reason

<NihabaAshi> I'm just taking it easy from trading to allow myself to do some problem solving with some images at my website that keeps changing their caps on their own when I upload them...making their urls invalid :( 14:26

<eminitrader> k

<NihabaAshi> Decided today was a good day to test a friends strategy that's a position trade method.

<eminitrader> been a while sice i visited the site niha ! lloks like complency is setting in with my recent trading 14:27

hope the new strategy works out good luck :)

<szubaark> emini I re-read Niha's comments on that site (Strategy Lab) all the time. 14:30

<eminitrader> been a while for me szu ...will do it sometime soon 14:31

<pat255> yeah me too... 14:32

<NihabaAshi> Crash helmet on and seat belt latched :) 14:43

<pat255> lol :) 14:44

<szubaark> Covered all YM Short @ 10926 --> + 29

<eminitrader> wtg szu :) 14:45

<szubaark> thanks. LOL Niha

Niha dont forget the googles.

<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) 14:46

<codehead> YM htlb try here 14:50

<szubaark> time to look at bigger timeframes look for some Support levels.

<codehead> a long signal

<szubaark> code.. i like HTLB above the 100. AT or Below most likely will fail. 14:51

heheeh.. a failed HTLB Woodie will often say it was a Perfect ZRL! LOL 14:52

so u just keep getting whacked in between. 14:53

<codehead> i dunno, if the trend line has enough touchs, like 4-5, the htlb seems to work pretty well 14:59

but in this last hour of a bad day of a bad run, not one i'd bet on

<szubaark> yes.. late of day games, gets choppy 15:00

<codehead> long YM 10926 <paper> 15:07

YM 5 min--may not have enough time for this to play out

that's why paper 15:08

stop 10914

looks bad 15:10

<szubaark> code its late in the day.. unpredictible

<codehead> ER stuck at the zero line trying to decide

might bounce a bit 15:11

yes szu

* Awash is now known as Awash_afk 15:13

<codehead> stop hit, -12 Ym <paper> 15:18

<szubaark> dang.. what a sell-off 15:33

<codehead> yeah 15:34

long ER 690.30 <paper>

this is a paper position trade 15:35

wanted to test this retest level

no buyers any more, just stops

nasty

<pat255> c u all alter ty all... 15:56

just tired ...what a day...

when trin this high not a good bet to fight the selling

* Awash_afk is now known as Awash

<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) 15:58

<NihabaAshi> Exited ER2 Long @ 689.40 --> - 5.5 «« simulator »» 16:14

Take care all and see all tomorrow... 16:15

I'll be on simulator tomorrow also and won't return to real money trading until Wednesday.

* DisconnectedSession Close: Mon Jun 12 16:25:20 2006 16:25

Today's Music:
Simple Minds

Today 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 emotional 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.

Sponsor:
Slysoft
Mentally getting away from trading is much harder to do in comparison to physically getting away from trading when its time for some rest and relaxation. Personally, one of my favorite ways to mentally rest is to watch movies I've copy & recorded from the local video store via my Slysoft software that copies any copyright protected dvd's and cd's.

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.

Sponsor:
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As traders we must treat our trading like a business if we are to succeed as traders and as a business. Therefore, waiting till the last few weeks March to prepare for April's taxes is not good for your trading and could put extra stress on your trading during tax month or the months that follow if your one of those traders that filed an extension.. Therefore, its best to be on top of your taxes throughout the year and Traders Accounting is a great resource for such especially if you want to prevent penalties or an audit several years from now.

Trading Edge:
Strategies
If your an independent trader looking for an edge to help you traverse around obstacles to profitable trading...a method that's well defined, gives you a better understanding of the markets, applicable for day trading, position trading and swing trading with a money back guaranteed policy...click here.

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.

Trader's

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ER2 EuroFX EC

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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 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.

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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