#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 26th 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 time stamped 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, below NihabaAshi's trading blog like comments, you can read the time stamped trades (prices, entries, exits et cetera) and market discussions that sometimes contains trading tips or insights that are more useful than what you will see at any other futures blog or chat room.

Trading Blog Below is not your traditional trader's blog in the usual blog format. However, you will find informative commentary on a few occasions as time permits and such 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 in #FuturesTrades realtime trade posting chat room.

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ER2 EuroFX EC

+0.40 +0.0000

$40.00 $0.00

S/R Levels versus S/R Zones

Today's insightful comments that's posted before June 27th Tuesday market open...click here.

I normally trade without viewing my profit/loss window until after I'm done trading for the day.

I had a small loss for the day (after commissions) that's not reflected in the above results.

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.

Session Start: Mon Jun 26 09:27:52 2006Session Ident: #futurestrades

* Now talking in #futurestrades 09:27

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

<eminitrader> szu :) 09:28

<PapaJon> gm all 09:29

<les> Long ER2 @ 701.1 «« paper »» 09:33

<NihabaAshi> Shorts ER2 @ 701.20 -> small size 09:35

Covered 1/3 ER2 Short @ 700.10 --> + 1.1 09:38

<les> Exited all ER2 Long @ 700.2 --> - 0.9 «« paper »»

<NihabaAshi> Covered 1/3 ER2 Short @ 699.80 --> + 1.4 09:41

Covered Remainder ER2 Short @ 701.00 --> + 0.2 09:42

That wasn't a nice price spurt :(

<szubaark> Nice quick scalp Niha 09:43

<NihabaAshi> Got 10am est key economic numbers and its a Monday...

Not unusual to see this type of price action when there's a key economic report release on a Monday before 1030am est. 09:44

<substanz> Shorts YM @ 11072 «« paper »» 09:48

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<NihabaAshi> Shorts ER2 @ 699.70 -> small size 09:49

2 contracts only

Like a rodeo ride today :) 09:51

<pdays> Shorts ER2 @ 700.1 «« paper »» 09:52

<NihabaAshi> There's a good World Cup soccer game today at 11am est...

I'll take a long break from trading around that time :) 09:53

<les> no, niha...

that was yesterday

<PapaJon> hehe

<les> Enfgland v Ecuador

we won :))

<NihabaAshi> :)

<les> but its already a foregone concusion 09:54

Brazil will kill everybody

niha.. see pm

<pdays> Covered all ER2 Short @ 699.7 --> + 0.4 «« paper »» 09:55

<szubaark> News in 5 minutes

<NihabaAshi> Covered ER2 Short @ 700.40 --> - 0.7 09:56

Reverse and Enter Long ER2 @ 700.40

<szubaark> Long YM @ 11076 09:57

<substanz> Covered all YM Short @ 1082 --> + 9990 «« paper »» 09:58

Covered all YM Short @ 11082 --> - 10 «« paper »»

<NihabaAshi> Exited all ER2 Long @ 700.60 --> + 0.2 10:00

Shorts ER2 @ 701.00 -> small size 10:01

2 contracts only

Covered ER2 Short @ 702.70 --> - 1.7 10:03

Reverse and Enter Long ER2 @ 702.70

<szubaark> exit stop moved to breakeven YM @ 11076

<NihabaAshi> Long ER2 @ 703.00 -> Add 10:04

Add 1 contract.

I only have about 5mins to manage this trade before I have to take a 30min break to do some important personal stuff before 11am est. 10:06

Bad timing on my part to take this Long position.

<les> Long ER2 @ 703.3 «« paper »» 10:07

<NihabaAshi> Exited ER2 Long @ 703.50 --> +0.5

Exited Remainder ER2 Long @ 702.90 --> + 0.2 10:08

Be back in 30mins.

<les> niha...

can u have quick look at my pm?

<NihabaAshi> Yes...looking now...

Les...I don't have a pm...can you resend it? 10:09

<les> sent 10:10

<NihabaAshi> I still don't have a IRC pm. 10:12

Let me open a dialogue with you...

Be back in 30mins...

* NihabaAshi is now known as Nihabaashi_away 10:13

<szubaark> tight range again

<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) 10:14

<les> Exited all ER2 Long @ 701.2 --> - 2.1 «« paper »» 10:15

<substanz> Long YM @ 11081 «« paper »»

Exited all YM Long @ 11080 --> - 1 «« paper »» 10:17

<szubaark> looks like they want to test that overnight low again 10:19

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<les> Shorts ER2 @ 701.1 «« paper »» 10:34

Covered 1/3 ER2 Short @ 700.6 --> + 0.5 «« paper »» 10:35

exit stop moved to breakeven ER2 @ 701.1 «« paper »» 10:36

exit stop raised ER2 @ 701.3 «« paper »» 10:39

Covered 1/3 ER2 Short @ 699.9 --> + 1.2 «« paper »» 10:43

Covered Remainder ER2 Short @ 700.1 --> + 1 «« paper »» 10:44

* les is now known as lesAway 10:45

<jimmy> Shorts ER2 @ 700 -> small size 10:49

<szubaark> Exited all YM Long @ 11076 --> 0 10:50

<asd> Short QM @ 70.5 risk 2 10:51

oops risk 0.2 10:52

<jimmy> Covered all ER2 Short @ 700.50 --> - 0.5 10:54

<substanz> Shorts YM @ 11077 «« paper »» 11:15

<szubaark> Long YM @ 11080 11:21

<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

* Nihabaashi_away is now known as NihabaAshi 11:29

<NihabaAshi> Looks like I have not missed much. 11:30

<jperl> yes ER2 oscillating about VWAP 700.90 11:31

http://charts.dacharts.com/2006-06-26/JP ERL_011.png 11:34

<szubaark> back to overnight lows, needs to hold or my Long is toast 11:52

<substanz> Covered all YM Short @ 11056 --> + 21 «« paper »»

<szubaark> ER not moving..looks like a Stop fishing expedition 11:54

<codehead> was about to say something about ER--surprising lack of movement

with ES and YM taking a sharp move down 11:55

<NihabaAshi> Yep...strange price movement (lack of) while ES and YM dropped. 11:58

<substanz> Long YM @ 11061 «« paper »» 12:00

<szubaark> looks like just a Stop run to overnight lows 12:05

<eminitrader> 1253.50 strong support on es if it breaks then looking to short @around 1256 12:11

<codehead> long YM 11052 <paper> 12:16

hm, not much going on here 12:17

<szubaark> this is all done on No Volume 12:19

<codehead> yeah

lunch-time drift

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<eminitrader> yes szu ..thats stopping me from taking any trades today though the set-up's are there 12:20

<codehead> russell maintaining a bullish wedge 12:21

easily the best setup for upside of the indices

60 min russell

<szubaark> also NQ closed its gap 12:23

code 5min Vegas now 12:24

<substanz> Exited all YM Long @ 11056 --> - 5 «« paper »»

Shorts YM @ 11055 «« paper »» 12:25

<codehead> was about to mention 3 min vegas--5 min technically not a vegas

needs 3 bars before trigger, only had 2

<szubaark> with a 100X TLB

<codehead> also, the first move didn't get over the -100, and i think that's a requirement too 12:26

3 min looks good tho

green lsma

<szubaark> ER holding.. weird stuff going on

* lesAway is now known as les 12:29

<NihabaAshi> Shorts ER2 @ 700.00 -> small size 12:30

2 contracts only.

Not willing to risk much this afternoon trading session via trading more than 2 contracts in this type of pathetic price action. 12:32

<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) 12:35

<codehead> exit YM +14 <paper> 12:36

have stock trades to manage, looks good now

<NihabaAshi> Covered ER2 Short @ 701.00 --> - 1

Reverse and Enter Long ER2 @ 701.00

<szubaark> yup.. that sell-off did look suspicious 12:38

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<NihabaAshi> Long ER2 @ 701.20 -> small size 12:40

That's an ADD to bring the position to 3 contract small position. 12:41

<substanz> Shorts YM @ 11074 -> Add «« paper »» 12:45

<eminitrader> Shorts ES @ 1256.25 12:46

<szubaark> that support we bounced off held for a few days 12:49

<NihabaAshi> Be back later...I have a 2 point stop/loss. 12:57

* NihabaAshi is now known as NihabaAshi_away

<substanz> Covered all YM Short @ 11082 --> - 35 «« paper »» 12:59

:(

<codehead> YM 5 min rolling over in to long mode on cci 13:00

not an entry signal

means cci'ers will now be looking for longs as "with the trend" trades on 5 min chart 13:01

<NihabaAshi_away> Exited ER2 Long @ 702.50 --> + 1.3 13:02

<codehead> nice

<szubaark> Niha nice trade!

<NihabaAshi_away> Still have 2 contracts from 701.00

Got some distractions here... 13:03

* les is now known as lesAway 13:10

<szubaark> [12:11] <eminitrader> 1253.50 strong support on es if it breaks then looking to short @around 1256

emini your Target is Re-test of 1253?

<NihabaAshi_away> Exited 1/2 ER2 Long @ 702.10 --> + 1.10 13:12

On each of the 2 contracts.

Holding no position. 13:13

<eminitrader> Covered all ES Short @ 1257.50 --> - 1.25

* NihabaAshi_away is now known as NihabaAshi 13:14

<lesAway> Shorts ER2 @ 700.2 «« paper »» 13:41

<substanz> Shorts YM @ 11076 «« paper »» 13:46

<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) 13:47

<lesAway> Covered 1/3 ER2 Short @ 799.7 --> - 99.5 «« paper »» 13:49

00ps

Covered 1/3 ER2 Short @ 699.7 --> + 0.5 «« paper »»

bbiaw - will post result later 13:50

<szubaark> looks like small range til FOMC wendesday 14:05

<substanz> Covered all YM Short @ 11065 --> + 11 «« paper »» 14:21

<szubaark> Exited all YM Long @ 11066 --> - 14

Shorts YM @ 11066

Reversing Short

<codehead> ER still dang strong 14:24

<szubaark> IF it cracks, we going Down 14:26

<lesAway> Covered Remainder ER2 Short @ 700.2 --> 0 «« paper »» 14:33

<szubaark> Covered all YM Short @ 11078 --> - 12 14:38

Long YM @ 11078 14:39

guess we going up

<lesAway> Long ER2 @ 700.3 «« paper »»

Exited 1/3 ER2 Long @ 700.8 --> + 0.5 «« paper »»

exit stop moved to breakeven ER2 @ 700.3 «« paper »»

* lesAway is now known as les 14:40

<les> Exited 1/3 ER2 Long @ 700.9 --> + 0.6 «« paper »» 14:43

Exited Remainder ER2 Long @ 701.6 --> + 1.3 «« paper »» 14:45

<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) 14:59

<szubaark> no followthru.. im not going to scalp this for 10 points 15:00

Exited all YM Long @ 11085 --> + 7 15:05

not gonna trade this crap

<NihabaAshi> Agree szubaark...I'm going to take my small loss/profit and call it a day. 15:08

Just not the type of afternoon worth trading till the close in hopes of making some big dough.

* NihabaAshi is now known as NihabaAshi_away 15:09

<szubaark> Shorts YM @ 11094 15:31

last try

exit stop set YM @ 11121 15:48

Covered all YM Short @ 11121 --> - 27 15:50

:((

<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) 16:08

* DisconnectedSession Close: Mon Jun 26 16:45:33 2006 16:45

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