June 20th 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 20 09:24:02 2006Session Ident: #futurestrades
* Now talking in #futurestrades09:24
<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<pat255> gm all..
<szubaark> gm09:28
<eminitrader> morn pat szu09:35
<szubaark> gm emini
<eminitrader> hi szu09:37
<szubaark>  Long YM @ 11049 09:38
<aym> Buy er2 @687.2 risk 209:42
<NihabaAshi>  Long ER2 @ 687.20 -> small size
Trade error...09:43
Hopefully I can escape.
Exited ER2 Long @ 686.50 --> - 0.7 09:44
Reverse and Enter Short ER2 @ 686.50
<szubaark>  Exited all YM Long @ 11034 --> - 15 09:45

Shorts YM @ 11032
<NihabaAshi>  Covered all ER2 Short @ 685.30 --> + 1.2 09:46
Geeesh.09:47
Costly error...kepted me out of a good short .
<les>  Shorts ER2 @ 683.7 «« paper »» 09:48

Covered 1/3 ER2 Short @ 683.2 --> + 0.5 «« paper »» 09:49

Covered Remainder ER2 Short @ 683.7 --> 0 «« paper »»
<pdays>  Shorts ER2 @ 683.6 «« paper »» 09:51
Covered all ER2 Short @ 683.3 --> + 0.3 «« paper »»
<les>  Shorts ER2 @ 682.6 «« paper »» 10:00

Covered 1/3 ER2 Short @ 682.1 --> + 0.5 «« paper »»

exit stop moved to breakeven ER2 @ 682.1 «« paper »»

Covered all ER2 Short @ 682.6 --> 0 «« paper »» 10:01
<NihabaAshi> :(10:02
Missed my Long entry at 682.90
Geesh.10:03
<mispe>  Long YM @ 11030 10:07
<NihabaAshi>  Long ER2 @ 683.90 -> small size 10:08
1 contract only10:09
<mispe>  Exited all YM Long @ 11025 --> - 5 10:10
<codehead> long YM 11026 <paper>10:12
<NihabaAshi>  Exited ER2 Long @ 684.30 --> + 0.4
<codehead> sorry, i'm still too nervous of a trader to post my real ones, can't take my eyes off the screen--actually took 2 YM today, +1410:13
stop YM 11014
ER cci trying to famir, possible up10:14
YM didn't trigger what i thought it would, sitll looks bad
but i see inverted ghosts forming, indices could bounce10:15
k, now we getting em
<szubaark>  Covered all YM Short @ 11040 --> - 8

:((

Long YM @ 11038
<codehead> move stop YM b/e10:16
<NihabaAshi>  Long ER2 @ 685.10 -> small size

2 contracts only
<jimmy>  Long ER2 @ 684.90 -> small size 10:17
<codehead> trail stop 11029
<les>  Long ER2 @ 685.8 «« paper »»
Exited 1/3 ER2 Long @ 686.3 --> + 0.5 «« paper »»
<codehead> stop 11036
<les>  exit stop moved to breakeven ER2 @ 685.8 «« paper »»
<NihabaAshi>  Exited Remainder ER2 Long @ 686.30 --> + 1.2
<codehead> trailed too tight--out +10 YM <paper>10:18
<les>  exit stop lowered ER2 @ 685 «« paper »»
<codehead> now looking for famir after ghost
<NihabaAshi> Going to take a break...I've missed two long entries today that should have netted me an extra 1.50 points per contract.

I feel a little mental sluggishness or World Cup 2006 feverish :)10:19
<les>  Trailing Stop Hit ER2 @ 685 --> - 0.8 «« paper »»
<NihabaAshi> By the way...
<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> Germany 1 and Ecuador 0 @ the 20min mark.10:20

Be back later.
* NihabaAshi is now known as NihabaAshi_soccer
<jimmy>  Exited all ER2 Long @ 685 --> - 881.4 10:21
<codehead> long YM 11032 <paper>
stop 11025 <paper>10:22
stopped out
the famit didn't form, was jum ping the gun
famir
<szubaark>  Exited all YM Long @ 11022 --> - 16 10:25

:((

Shorts YM @ 11022

frikin chop
<codehead> long YM 110221 <paper>10:27
stop 11014 <paper>
is chop10:28
trail stop 11028
stopped +7 YM <paper>10:29
<les>  Long ER2 @ 685.8 «« paper »» 10:36

Exited 1/3 ER2 Long @ 686.3 --> + 0.5 «« paper »»
<szubaark>  Covered all YM Short @ 11050 --> - 28
:((
Long YM @ 11047
last try10:37
<les>  Exited 1/3 ER2 Long @ 686.7 --> + 0.9 «« paper »»

Exited Remainder ER2 Long @ 685.9 --> + 0.1 «« paper »»
<szubaark>  Exited all YM Long @ 11044 --> - 3 10:50
chop like its Quadruple Friday..
not worth touching this.
<pat255> nah ..10:51
<szubaark> 10 point range on YM..ridiculous.10:52
* szubaark is now known as szubaark_away
<codehead> dow has a bull wedge--needs to get over 1097810:57
little one, next res 11000
<les>  Shorts ER2 @ 688 «« paper »» 11:14

Covered 1/3 ER2 Short @ 687.5 --> + 0.5 «« paper »» 11:15

Covered 1/3 ER2 Short @ 686.8 --> + 1.2 «« paper »» 11:17

exit stop lowered ER2 @ 687.9 «« paper »»

exit stop lowered ER2 @ 687.6 «« paper »» 11:18

Trailing Stop Hit ER2 @ 687.6 --> + 0.4 «« paper »» 11:21

Long ER2 @ 689.8 «« paper »» 11:28

Exited 1/3 ER2 Long @ 690.3 --> + 0.5 «« paper »» 11:29

Exited 1/3 ER2 Long @ 689.7 --> - 0.1 «« paper »» 11:30

oops

Exited 1/3 ER2 Long @ 690.7 --> + 0.9 «« paper »»

exit stop raised ER2 @ 689.4 «« paper »» 11:31
<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)
<les>  exit stop moved to breakeven ER2 @ 689.8 «« paper »» 11:32
<codehead> well, it broke out the bull wedge and went to target, i've been away so didn't take it11:35
<les> up we go11:36

that was pathetic..

surely the guys can buy better n that?

exit stop raised ER2 @ 690.5 «« paper »» 11:37

thats better :)

Exited Remainder ER2 Long @ 690.8 --> + 1 «« paper »» 11:39

Shorts ER2 @ 690.4 «« paper »» 11:46

Covered 1/3 ER2 Short @ 689.9 --> + 0.5 «« paper »»

exit stop lowered ER2 @ 691.3 «« paper »» 11:48

exit stop lowered ER2 @ 690.6 «« paper »» 11:51

exit stop moved to breakeven ER2 @ 690.4 «« paper »» 11:53

Covered 1/3 ER2 Short @ 689.5 --> + 0.9 «« paper »» 11:54

Covered Remainder ER2 Short @ 689.7 --> + 0.7 «« paper »» 11:56
<pat255> later guys ...office ty all
<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)12:43
<patternz> i'm checking out different rooms - does anyone post trades in here ?13:04
<PapaJon> yes.. but mkt is kinda dead now
<patternz> k, thks13:05
<PapaJon> yw13:06
<szubaark_away>  Shorts YM @ 11071 13:39
<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)13:52
<szubaark_away>  Covered all YM Short @ 11065 --> + 6 14:22
gotta leave..
<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)15:04
<substanz>  Long YM @ 11086 «« paper »» 15:14
Exited all YM Long @ 11072 --> - 14 «« paper »» 15:35
Shorts YM @ 11073 «« paper »»
<codehead> long YM 11058 <paper>15:38

just checkin'

bond signal was bullish

set stop b/e15:40
<substanz> target 11053 for me
<codehead> exit YM +5 <paper>15:41
<substanz>  Covered all YM Short @ 11053 --> + 20 «« paper »» 15:50
<codehead> long ER 683.60 <paper>15:54

1 pt stop

oh forgot about my trade, got busy with stocks16:00

exit ER +.00 <paper>16:01

could bounce a but here16:02

oor setup for tomorrow bounce mainly
<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)16:16
* DisconnectedSession Close: Tue Jun 20 16:32:35 200616:32
  

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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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Differences between Pullbacks and Down Trends

Many traders use the price action of pullbacks (after an uptrend) to either add to an existing profitable long position or to open a new Long position because their analysis points to higher highs in comparison to the high price of the uptrend.

Unfortunately many new traders will enter such Long positions in a down trend because that were unable to recognize its not a pullback.

Price pullbacks have declining volatility and/or declining volume in comparison to the rising volatility and/or rising volume in Down trends or Up trends.

Down trends tend to have more Dark WRBs (wide range bodies) or less White WRBs in comparison to Pullbacks along with the fact that good pullbacks do not retrace more than 40% of the prior uptrend.

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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