#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 21st Wednesday 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: Wed Jun 21 09:30:00 2006Session Ident: #futurestrades

* Now talking in #futurestrades 09:30

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

<substanz> gm all ! 09:31

<mispe> gm

<szubaark> gm emini,all 09:32

<NihabaAshi> Long ER2 @ 683.60 -> small size 09:35

Will Add if this test 685.00 09:36

Nevermind...no adding. 09:37

<szubaark> real choppy openings lately..Im less aggressive.

<NihabaAshi> szu...agree...I decided not to get too aggressive on this trade.

Instead...will try to hold it longer. 09:38

Exited 1/3 ER2 Long @ 686.00 --> + 2.4

<substanz> Shorts YM @ 11101 «« paper »» 09:39

Covered all YM Short @ 11094 --> + 7 «« paper »» 09:43

<NihabaAshi> :( 09:44

Not looking good...will need a lot of help from Oil to retest the 686.00 price area

<substanz> Long YM @ 11112 «« paper »»

<asd> Short er2 @ 687 risk 2 09:45

<NihabaAshi> Exited 1/3 ER2 Long @ 687.10 --> + 3.5

exit stop raised ER2 @ 683.70 09:46

Perfect timing for the market to do this...its allowing me to convert my remainder contract from a day trade into a "position trade"... 09:47

Getting ready to watch the match of the day - Portugal vs. Mexico World Cup action at 10am est. 09:48

<substanz> Exited all YM Long @ 11113 --> + 1 «« paper »»

* NihabaAshi is now known as NihabaAshi_soccer

<mispe> Long YM @ 11114 09:49

Exited 1/2 YM Long @ 11123 --> + 9 09:50

<substanz> Shorts YM @ 11123 «« paper »» 09:53

<mispe> Exited Remainder YM Long @ 11124 --> + 10 09:54

<substanz> Covered all YM Short @ 11114 --> + 9 «« paper »» 09:55

<szubaark> Shorts YM @ 11113 09:59

<substanz> Long YM @ 11141 «« paper »» 10:06

<szubaark> Covered all YM Short @ 11147 --> - 34

Long YM @ 11147

:((

<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) 10:07

<szubaark> Exited all YM Long @ 11136 --> - 11 10:10

stupid trade

Shorts YM @ 11135

wasnt expecting this kind of blast-off with no economic reports scheduled :)) 10:14

<substanz> Exited all YM Long @ 11136 --> - 5 «« paper »» 10:15

<pdays> Shorts ER2 @ 691.7 «« paper »» 10:16

<mispe> Shorts YM @ 11140

<pdays> exit stop set ER2 @ 689.3 «« paper »» 10:18

<mispe> Covered 1/2 YM Short @ 11134 --> + 6

<pdays> Covered all ER2 Short @ 688.2 --> + 3.5 «« paper »» 10:19

<substanz> R4 of camarilla at 11137

its a reversal level 10:20

<mispe> Covered Remainder YM Short @ 11130 --> + 10 10:22

<indy> test 10:46

<substanz> ok

Shorts YM @ 11132 «« paper »» 10:47

<mispe> Shorts YM @ 11130 10:48

Covered 1/2 YM Short @ 11124 --> + 6 10:54

Covered Remainder YM Short @ 11130 --> 0 10:57

<substanz> Covered all YM Short @ 11127 --> + 5 «« paper »» 10:58

<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) 11:16

<szubaark> Covered all YM Short @ 11144 --> - 9 11:19

Long YM @ 11144

<substanz> Shorts YM @ 11155 «« paper »» 11:27

Covered all YM Short @ 11159 --> - 4 «« paper »» 11:28

Long YM @ 11160 «« paper »»

<szubaark> Shorts not working 11:30

<substanz> no :( 11:32

* NihabaAshi_soccer is now known as NihabaAshi 11:34

<substanz> longs not working also ...

<NihabaAshi> Exited Remainder ER2 Long @ 693.90 --> + 10.3 11:36

<pat255> wow niha ....:)

<GoodMood> vg Niha

<NihabaAshi> :) 11:37

<pat255> Niha the champ today...

<NihabaAshi> It's a very good day especially with Portugal leading Mexico 2:1 in soccer at the World Cup...great match so far :)

<szubaark> Welcome back Champ. 11:38

<pat255> niha watch soccer while mt make money for him ...lol

<GoodMood> mt = ?

<szubaark> Niha how did u catch that Long? signal or "intuition"?

<substanz> Exited all YM Long @ 11172 --> + 12 «« paper »» 11:43

<pat255> later guys ...back to office ... 11:51

<NihabaAshi> szu...it was a signal via the price action in Eurex futures along with Oil Index moving higher. 11:57

<szubaark> im getting greedy with this Long because of the 3 previous loses 12:11

Exited all YM Long @ 11190 --> + 46 12:24

Shorts YM @ 11190

<NihabaAshi> nice trade szu...very nice. 12:27

<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) 12:28

<szubaark> thanks Niha. 12:31

<codehead> no guts today, just YM 11193 and took 3 ticks :-P 12:37

that's cuz i knew to buy 11066 with stop under 11060 this morning and couldn't pull the trigger with 3 opportunities 12:38

but stocks doing well at least

YM 3 min has famir down 12:39

but made menrevous it was taking so long to get price movement--hasn't budged

ER trying for famir down 3 min

<szubaark> code.. any Shorts here be careful 12:42

<codehead> agree

<szubaark> Im riding the CCI with this Ghost here BUT also watching Price Action 12:43

<codehead> a decent pb will get bought

ER famir triggered, but not a big price move

well, if i quit now with my THREE ticks, i have 9 consecutive winning futs trading days, fwiw 12:44

beats losing

also, naz hit resistance 12:45

so it's moving sideways, looking a tad toppy 12:46

but also losing very little so far

3 hours left in the day tho, hard to hold without breaking out or pulling back

<szubaark> exit stop moved to breakeven YM @ 11190 12:55

nice code.

Covered all YM Short @ 11190 --> 0 13:01

<codehead> indices not tired yet

ic naz just *barely* got above last weeks high on the peak 13:03

trying to consolidate under it now 13:04

<szubaark> Long YM @ 11189

<codehead> we may have to move sideways for a bit to get more up 13:05

<szubaark> yup..but the pullbacks are weak, telling me more upside

<codehead> yeah 13:11

and very little stock weakness today--see a lot of things hitting new high right now 13:13

<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) 13:40

<codehead> naz creeping up 13:48

two hours sideways with little range, at resistance

will damage some shorts it it can move up a bit and hold it

if it can i mean 13:49

<szubaark> NQ ready to POP

how much is tick in NQ now? $10 a pop? 13:50

<codehead> i think

raised it form 5, right?

from

<szubaark> used to move in .50 now its .25 13:51

1pt=$20

<codehead> k

juice? 13:54

naz b/o

<szubaark> code..YM should go..trend is clearly up 13:56

u dont need the CCI right now

<codehead> ya 13:57

<szubaark> exit stop set YM @ 11190

<codehead> naz killing shorts 13:58

two hours at the top without rolling over, shorts caved in

<szubaark> yup..tiny 10 point pullback then 5 point range for 2 hours.. Shorts running for Cover! 14:00

Canceling 11190 Stop.. they might pick it up..will use Mental Stop 14:01

cancelled all open stop orders

again..watching NQ for Exit

YM too frikin jumpy

Exited all YM Long @ 11188 --> - 1 14:14

* szubaark is now known as szubaark_away 14:21

<codehead> dang--naz new high

<szubaark_away> NQ leading 14:22

<codehead> YHOO MSFT AAPL etc hod 14:23

AAPL just broke a downtrend

<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) 14:52

<substanz> Shorts YM @ 11174 «« paper »» 15:07

<codehead> YM 5 min vegas 15:42

up signal

long YM 11170 <paper> 15:43

not a trade i'd take for real into close and margin call time, just testing

aggressive entry on it too 15:44

signal rolled over 15:45

<sub> Covered all YM Short @ 11159 --> + 15 «« paper »» 15:46

<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) 16:01

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

* DisconnectedSession Close: Wed Jun 21 16:18:43 2006

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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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ER2 EuroFX EC

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Money Management and Trade Strategy

I believe most traders that don't exploit their equity curve or blow up their trading accounts are using a money management style that doesn't fit well with their strategy that gets them into and out of trades.

As for me, I trade volatility via the fact my method is based upon WRB Analysis which exploits changes in supply and demand.

Therefore, a very conservative money management style of 1 contract per 10k helps brings balance to my trading plan.

Those that don't have balance in their trading plan with either blow up their accounts, have big drawdown periods or see slow growth in their equity curve.

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,

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TheStrategyLab.com

questions@thestrategylab.com

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