June 30th Friday 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.
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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 YM +1.70 +4.0 $170.00 $20.00 Trading Perspective
Boring trading day and I may return on the weekend to edit this and talk about the pitfalls for new traders that simulate trade for the wrong reasons and trade with real money too soon.
Great World Cup Soccer game between Germany and Argentina.
Germany won in an overtime shootout.
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.comNote: 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: Fri Jun 30 09:28:02 2006Session Ident: #futurestrades * Now talking in #futurestrades 09:28 <X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm <PapaJon> gm all 09:37 <szubaark> gm 09:39 <eminitrader> morn pj szu 09:46 <szubaark> gm emini 09:47 <eminitrader> Long ES @ 1283 09:48 Exited 1/2 ES Long @ 1284.50 --> + 1.5 09:50 <timing> vn emini 09:51 <eminitrader> thx timing 09:52 Exited Remainder ES Long @ 1283 --> 0 09:54 Shorts ES @ 1282.50 09:57 <szubaark> Long YM @ 11269 09:58 <eminitrader> Covered all ES Short @ 1281 --> + 1.5 10:02 <pdays> Shorts ER2 @ 716.7 «« paper »» 10:05 Covered all ER2 Short @ 716.2 --> + 0.5 «« paper »» 10:07 <NihabaAshi> Key price action area here for the Eminis. 10:21 <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) 10:26 <NihabaAshi> Long ER2 @ 717.70 -> small size 10:28 1 contract only. <szubaark> Overnight low here 10:29 <NihabaAshi> Keeping it small and light today because I've had a great month of trading and just want to close today with a profit...any kind of profit (small or large). Also, Germany vs. Argentina at 11am est...I don't want to miss any of that World Cup Soccer game :) <BearRun> i'm with ya on the game:-) 10:30 Sponsor: 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.
<NihabaAshi> Long ER2 @ 717.50 -> Add 10:32 Position still small...now 2 contracts. <aym> Short QM @ 74.825 risk 0.2 10:33 <BearRun> niha i have a question if it's appropriate at this time <NihabaAshi> Go ahead. 10:34 <BearRun> i've only read a few pages of your webpages and will read more but i didn't see if you have specific targets do you have objective targets set? <NihabaAshi> Yes...I do have specific targets...always and they are discussed at the site and EliteTrader.com 10:35 WRB targets. <BearRun> ok, thx i'll read that up then <NihabaAshi> WRB = Wide Range Bodies <BearRun> you also mentioned that your techniques involve no indicators is volume included or not included? <NihabaAshi> As soon as a WRB appears...I'm looking to cash something in or decide that I'll stay longer due to greed. 10:36 <BearRun> i see <NihabaAshi> Reason why if a WRB appears and its only a 3 tick profit...I take it. Yet...if I'm up like +1 point and its not a WRB...you'lll still see me in the trade... 10:37 I'm at a WRB right now on this trade at 718.40 <BearRun> so at this moment your trade is not a WRB trade? <NihabaAshi> Yes...it is at a WRB and I'm trying to get greedy :) 10:38 <BearRun> sorry answered my question when you make the call you let us know if it's a wrb or not right? 10:39 <NihabaAshi> Exited 1/2 ER2 Long @ 719.10 --> + 1.6 It was a WRB at 718.40 <BearRun> nice <NihabaAshi> exit stop raised ER2 @ 717.80 10:40 May get lucky and catch something big on that remainder... <BearRun> is there a specific limit number of scaling in? <NihabaAshi> Hopefully it can convert from a day trade into a "position trade"...allowing me to keep it while I watch the soccer game. 10:41 <BearRun> i see 10:42 thx niha 10:43 i'll read up more on your stuff <NihabaAshi> I talk alot (show lots of chart examples) about WRB profit targets in the Trading Hammers (revisited) thread at ET @ http://www.elitetrader.com/vb/showthread .php?s=&threadid=52880 10:44 I talk about it elsewhere at ET under key words search like "NihabaAshi Exit Strategy", "NihabaAshi Profit Targets" et cetera over the years. 10:45 http://www.elitetrader.com/vb/search.php ?s= 10:46 <szubaark> i was impatient and went Long too soon.. giving this trade way too much wiggle room. <BearRun> i copied the URLs thanks 10:48 i'll read up on it <NihabaAshi> szu...the turnaround in the Oil Index soon after 10am est is the reason why the Eminis are trying to counter-thrust back upwards. As long as Oil keeps going back up...I have a chance at not seeing my trailing stop get hit. Any slump in Oil Index again...my stop will be hit fast. 10:49 It happened as I was typing :( 10:50 Trailing Stop Hit ER2 @ 717.80 --> + 0.1 It's World Cup fever time...talk to all later :) * NihabaAshi is now known as NihabaAshi_away 10:51 <BearRun> wow guy is fast <szubaark> Niha u mention Oil a lot..i need to pay more attention to it Trading Edge: 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) * WannaBeBOS is now known as BOS-futbol 11:37 <NihabaAshi_away> #FuturesTrades Purpose -> No gurus here, no signal calling by a head trader and no intentions to educate. This room is being used as a realtime trade journal of trades (real money or simulator) and discussions to add additional info to your brokerage statements. Do not mimic (shadow) the trades by others without their consent as stated at http://www.thestrategylab.com/FuturesTra desChatRoom.htm 11:49 <szubaark> Niha what are your stats for 4th of July week? we usually go up/down? 12:05 <codehead> long YM 11242 <paper> 12:18 <szubaark> YM should be breaking out of this consilidation here 12:23 <codehead> yeah i wanted to take it long for real, but was no actual signal and i have too many stock alarms going off today--pretty busy <szubaark> code what u find easier to trade, stocks or the beast (Indexes)? 12:25 <codehead> well, i'm able to take heat much better on stocks, been doing it longer 12:27 even when i "know" i'm on right futs, have to protect and bail when it goes against me temporarily 12:29 doesn't matter if you know ER is at a bounce point if might go against you 5 points before it goes your way 15 12:30 <szubaark> yup.. a lot of wiggle on eminis..especially YM 12:31 u can see Support break by 5-15 Points and then bounce back, SO IT HELD? LOL drives you nutso <codehead> ya <szubaark> thats why u see me run my Stops to 20-40 Points on YM.. gotta give it room or they will Stop you out to the poor house 12:32 i try to avoid it, but im sorry i just cant get perfect entries 12:33 <codehead> that's what happened a few weeks ago, i was certain ER was a sure wash-out dive for a strong bounce, but wiped me out by going big, then it went my way 20 like a rocket--death by money management 12:34 k, my friend's turn time--said likely up into the close form here consolidation day so far <szubaark> yeah i was expecting it.. just didnt time my Long right now i have to sit thru this crap 12:35 <codehead> don't forget last trading day of the month 12:37 Qm hod 12:38 naz flatline 12:40 at point of triangle <NihabaAshi_away> [12:05] <szubaark> Niha what are your stats for 4th of July week? we usually go up/down? 12:50 * NihabaAshi_away is now known as NihabaAshi <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> szu...I usually try to establish a position trade (hold it most of the trading day) on the day first trading day after July 4th. It tends to produce a trend day...up or down. 12:51 <szubaark> ER on its own again 12:58 code.. i hope your friend was right 12:59 [12:34] <codehead> k, my friend's turn time--said likely up into the close form here <codehead> he had 719.50 the key level on ER, was right 13:09 he said wait for break of 719.50, then buy the pb (when it returned to that price) 13:10 and so far he was right on that <BOS-futbol> end of first half 13:12 of extra time i meant 13:15 <szubaark> exit stop set YM @ 11240 13:16 gotta leave for a while.. Stop in..Target? will find out when i get back 13:17 * szubaark is now known as szubaark_away <codehead> basically YM just bouncing between 11240 and 11255 13:37 the buyers camped at one end and sellers at the other--won't move till more volume 13:38 <NihabaAshi> Germany beats Argentina in overtime shootout. 13:46 I get an hour break now before the Italy vs. Ukraine match :) ER2 currently not in any recognizable price action... 13:47 Gonna take a break. * NihabaAshi is now known as NihabaAshi_away Sponsor:
<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) 14:02 <codehead> exit half YM +23 <paper> 14:07 stop at 11253 on remainder <paper> 14:09 <pdays2> Shorts ER2 @ 724.1 «« paper »» 14:16 <substanz> Long YM @ 11262 «« paper »» 14:21 * NihabaAshi_away is now known as NihabaAshi 14:33 <NihabaAshi> Shorts YM @ 11265.00 -> small size 14:34 2 contracts only. I'm looking to dump this position...something not right about this price action. 14:41 Covered YM Short @ 11268.00 --> - 3 14:45 Reverse and Enter Long YM @ 11268.00 :( 14:49 <substanz> i have a pivot at 11266 <NihabaAshi> I think everybody on Wall Street is starting to go home for the weekend while I'm still in a trade :( 14:50 Poor timing on my part. <substanz> yes bad volume 14:51 <codehead> my friend earlier today predicted 12:30 eastern turn time, up into the close remember, last day of the month fwiw <NihabaAshi> Yep...reallocation time for many of the big boys. Maybe they did it early this morning. 14:52 <substanz> Exited all YM Long @ 11272 --> + 10 «« paper »» <NihabaAshi> And the prior few trading days. I'm at a WRB right now in this trade. Exited all YM Long @ 11275.00 --> + 7 14:54 I'm done for the day...that Short position felt weird...will study the charts this weekend to see if I did something wrong. Italy vs Ukraine in World Cup Soccer is about to start... 14:55 Take care all and have a nice weekend. * NihabaAshi is now known as NihabaAshi_away <substanz> Long YM @ 11270 «« paper »» 15:02 <codehead> raise stop to 11263 YM <paper> 15:06 dang PC crashed, rebooting it <substanz> Exited all YM Long @ 11275 --> + 5 «« paper »» 15:11 <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) 15:14 <codehead> bond close signal is bearish and strong 15:19 short term signal--between mkt close and early next session <substanz> Long YM @ 11269 «« paper »» 15:22 Exited all YM Long @ 11261 --> - 8 «« paper »» 15:25 <codehead> stopped on rest of YM +20 <paper> 15:26 <substanz> Long YM @ 11242 «« paper »» 15:42 Exited all YM Long @ 11255 --> + 13 «« paper »» 15:47 <PapaJon> sheesh... er2 doin its dance <codehead> yea 5 point boing 15:49 guess people were exiting via stops 15:50 <PapaJon> yah.. or eod margin closeouts 15:57 bye all... everyone have a great long weekend... :) 16:18 <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) 16:26 * DisconnectedSession Close: Fri Jun 30 16:28:10 2006 16:28 Sponsor:
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