July 6th Thursday 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
+11.30 +0.0000
$11.30 $0.00

Boring Trading Day

I don't have anything to say other that it was an uneventful trading day without any surprises.

In fact, often the most boring trading days are the most profitable trading days.

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 July...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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Session Start: Thu Jul 06 09:29:00 2006Session Ident: #futurestrades
* Now talking in #futurestrades09:29
<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<PapaJon> gm all
<eminitrader> morn pj09:30
<szubaark> gm09:31
<NihabaAshi>  Long ER2 @ 728.00 09:32
2 contracts only.
<eminitrader> morn szu
<NihabaAshi>  Long ER2 @ 728.60 -> Add 09:33
Position is now at 3 contracts.
<pdays>  Long ER2 @ 727.8 paper 09:34

Exited all ER2 Long @ 729.3 --> + 1.5 paper
<NihabaAshi>  Exited 1/3 ER2 Long @ 729.70 --> + 1.1 09:35
I'm still looking for that trend day in the first few trading days after July 4th holiday.09:37
:(
Exited ER2 Long @ 728.30 --> + 0.3 09:38
Reverse and Enter Short ER2 @ 728.30
Looks like Oil is not going to give me any support into catching a position trade for a possible trend day.
Covered all ER2 Short @ 728.20 --> + 0.1 09:39
<Awash>  Shorts ES or YM @ 11255 paper 09:41
  
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<NihabaAshi>  Shorts ER2 @ 728.30 -> small size
2 contracts only...may add if this picks up momentum and produces a WRB.09:42
<eminitrader>  Shorts ES @ 1282.25

Covered 1/3 ES Short @ 1281.25 --> + 1 09:44
<NihabaAshi>  Covered 1/2 ER2 Short @ 727.00 --> + 1.3
It's at a WRB now and I've decided not to ADD because I have a Bullish Bias so far this morning.
<szubaark>  Shorts NQ @ 1570
<NihabaAshi>  exit stop lowered ER2 @ 728.20 09:45
<eminitrader>  Covered Remainder ES Short @ 1282.25 --> 0
<NihabaAshi>  Trailing Stop Hit ER2 @ 728.20 --> + 0.1 09:46
If Oil drops further, I will no longer have a bullish bias in ER2.09:47
<eminitrader> u mean rise ?
<NihabaAshi> No...if Oil drops (declines) further in comparison to its opening price at 0930am est...I will no longer have a bullish bias in ER2.09:48
<eminitrader> k thx
<NihabaAshi>  Shorts ER2 @ 727.40 -> small size 09:49
1 contract only
Ok...now I understand the mix messages in the market right now...09:51
We have some important economic numbers at 10am and 1030am est.
Covered ER2 Short @ 728.00 --> - 0.6
Reverse and Enter Long ER2 @ 728.00
2 contract long position.09:52
Exited 1/2 ER2 Long @ 728.60 --> + 0.6 09:53
Exited Remainder ER2 Long @ 728.20 --> + 0.2 09:55
:(
Geeesh...everything is in place now for this to test the 730.00 price area but it just can't find the energy to do it :(09:56
<jperl> ER2 oscillating about VWAP, 728.0
<eminitrader> es near swing high nq @ major low 1269 ..wonder which will break
<Awash>  Covered all ES or YM Short @ 11260 --> - 5 paper 09:57
<NihabaAshi>  Shorts ER2 @ 727.80 -> small size 10:00
2 contracts only
<eminitrader>  Long ES @ 1282.25
<NihabaAshi> I still have a bullish bias in which I want to go Long with some size.10:01
Covered ER2 Short @ 728.90 --> - 1.1 10:02
Reverse and Enter Long ER2 @ 728.90
<eminitrader>  Exited 1/2 ES Long @ 1284.25 --> + 2
<Awash>  Long ES or YM @ 1284 paper
<NihabaAshi>  Long ER2 @ 729.20 -> Add 10:03

Large position now.
<eminitrader> szu ..u still short ?10:05
<szubaark> yup10:06
<eminitrader> k thx
Long ES @ 1284.25 -> Add 10:09
Exited 1/2 ES Long @ 1284.25 --> 0 10:11
<szubaark> dont see any conviction with these up pushes
<eminitrader> u right szu ..waitinting for the oil report i guess
<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)10:12
<eminitrader>  exit stop moved to breakeven ES @ 1282.25
be back
<NihabaAshi> emini...buyers are there...I think the pending EIA report is putting a damper on this going higher until the numbers are released.

Volatility should pick up dramatically here in a few minutes.10:14

Hopefully it doesn't force me out of my Long position.

Exited ER2 Long @ 730.20 --> + 2.3 10:18
<Awash> nice Niha
<NihabaAshi> Needed to dump 1 to compensate for loss of -1.1 in the prior Short...holding 5 contract remainders.

Exited ER2 Long @ 730.10 --> + 1.2 10:21

Holding 3 contracts.
<Awash> possible creeper up move
  
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<szubaark>  Covered all NQ Short @ 1574.50 --> - 4.5
<NihabaAshi> Yep...reason why I'm trying hard to stay in this trade with a few contracts.10:22
<Awash>  Exited all ES or YM Long @ 1285.75 --> + 1.75 paper
<szubaark>  Long NQ @ 1574.50
<NihabaAshi>  Exited ER2 Long @ 731.00 --> + 2.1 10:24

Holding 2 contracts
<szubaark>  Exited all NQ Long @ 1578.75 --> + 4.25 10:26
<NihabaAshi>  Exited ER2 Long @ 730.50 --> + 1.6

Holding only 1 contract...converting it into a "position trade" just in case ER2 reacts bullishly to the 1030am est EIA Petroleum Status Report.

exit stop raised ER2 @ 729.30 10:27
<eminitrader>  Exited 1/3 ES Long @ 1286.25 --> + 4
<NihabaAshi> nice10:29
<aym> Short er2 @ 731.3risk 210:30
<eminitrader> thx niha and u too
<NihabaAshi> Oil not helping right now...ER2 will need to shake it to prevent my trailing stop from being hit.
<eminitrader>  exit stop raised ES @ 1284.25 10:31
<aym> Cover er2 @ 729.910:33
<NihabaAshi>  Trailing Stop Hit ER2 @ 729.30 --> + 0.4 10:36
<eminitrader>  Exited Remainder ES Long @ 1286.25 --> + 4 10:41
<szubaark>  Shorts NQ @ 1576 10:43

code did u get that mittens ghost on NQ?10:51
<codehead> been real busy with stocks, after having browser problems at day's open10:55
just starting to look at futs
<Awash>  Shorts ES or YM @ 11275 paper 10:56
<codehead> saw 11227 YM wanted to buy, but was in computer heck and looked back a couple mins and it was 20 highr
<Awash>  Covered all ES or YM Short @ 11290 --> - 15 paper 10:59
<szubaark>  Covered all NQ Short @ 1575 --> + 1
Long NQ @ 1575.25
<codehead> MO popped dow11:09
<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)11:21
<szubaark>  Exited all NQ Long @ 1575 --> - 0.25 11:24

Shorts NQ @ 1575

exit stop set NQ @ 1578 11:30

Covered all NQ Short @ 1575 --> 0 11:41

crap price action
* szubaark is now known as szubaark_away
<Awash>  Shorts ES or YM @ 11294 paper 12:14
* szubaark_away is now known as szubaark12:16
<NihabaAshi>  Shorts ER2 @ 726.50 -> small size 12:17

1 contract only

Just trying to exploit this WRB on the 2min chart for a few ticks profit12:18

Not a pattern signal...just intuition trading.
<szubaark>  Shorts NQ @ 1567.25 12:20
<NihabaAshi> :(12:21

Would'uv, Could'uv and Should'uv...

I made a position size management error on this entry.

Should have gone in with about 3 contracts instead of 1 especially since I'm no longer Bullish.12:22

Covered ER2 Short @ 725.40 --> + 1.1 12:23

I'm done for the trading day...made too many mental errors today and I don't think the cloud over my head is going to clear up :)12:24
  

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<codehead> QM 5 min ghost szu12:32
<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)12:33
<Awash>  exit stop moved to breakeven ES or YM @ 11294 paper
Trailing Stop Hit ES or YM @ 11294 --> 0 paper 12:36
<szubaark> yes code12:40

Covered all NQ Short @ 1567.50 --> - 0.25 12:50

Long NQ @ 1567.50
<codehead> ER 5 min inv ghost
<szubaark> yes.. Niceest one ive seen All year LOL12:51
<codehead> very nice indeed
just described it to friend as "beautiful"
lol
<szubaark> I can just see Woodie showing this ghost now in all his seminars!12:52
<codehead> quite symmetrical
<szubaark> Niha NQ 5min 12:25 Eastern candle Dark hammer and Pattern for Long?12:54

(White line body engulfed hammer body)12:55

code on ER ghost still working13:05

Exited all NQ Long @ 1569.75 --> + 2.25 13:10
<codehead> nice13:12
<szubaark>  Shorts NQ @ 1568.25 13:29
<NihabaAshi> [12:54] <szubaark> Niha NQ 5min 12:25 Eastern candle Dark hammer and Pattern for Long?13:31
I just looked at it...not valid by 1 tick.
<szubaark> at least im on the right page.. but still learning the rules.13:34

Covered all NQ Short @ 1571.50 --> - 3.25 13:40

Long NQ @ 1571.50
<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)13:45
<szubaark>  Exited all NQ Long @ 1568.75 --> - 2.75 13:55

:((

Shorts NQ @ 1568.75
* Awash2 is now known as Awash14:06
<Awash> test14:08

Shorts ES or YM @ 11276 paper 14:13
<szubaark> Oil kicking the markets butt14:14
Covered all NQ Short @ 1561.25 --> + 7.5 14:34
<eminitrader> nice szu :)
<Awash> nice szu
<szubaark> thanks.. took two loses to catch this (was Impatient)
<Awash>  Covered all ES or YM Short @ 11275 --> + 1 paper 14:39
<szubaark>  Long NQ @ 1562.50 14:46

Exited all NQ Long @ 1563.25 --> + 0.75 14:55
<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)14:57
<eminitrader>  Long ES @ 1280 15:02

Exited 1/2 ES Long @ 1281.50 --> + 1.5 15:06
<szubaark> nice emini15:08
<eminitrader> thx szu

exit stop moved to breakeven ES @ 1280 15:09
<substanz>  Shorts YM @ 11284 paper 15:17
<eminitrader>  Exited Remainder ES Long @ 1281 --> + 1 15:29
<szubaark>  Shorts NQ @ 1563.25 15:30
<substanz>  Covered all YM Short @ 11290 --> - 6 paper 15:40
<szubaark>  Covered all NQ Short @ 1567 --> - 3.75 15:50
Long NQ @ 1567
stupid trade
shoudnt be trading after 3:3015:51
Exited all NQ Long @ 1567.50 --> + 0.5 15:53
Emotional trade.. :((15:54
<codehead> whew, the stem sells late rally sure helped me out on my stock account :-)16:01
<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)16:06
<NihabaAshi> szubaark...I was very close today to doing some emotional trading.16:14

One of the main reasons out of a few that I called it quits.16:15

Take care and see all tomorrow.
* DisconnectedSession Close: Thu Jul 06 16:19:03 200616:19
  
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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

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Euronext Futures FTSE-100 and CAC-40

CME Futures EuroFX EC

Treasury Futures T-Notes ZN, ZF and T-Bonds ZB

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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...

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TheStrategyLab.com

questions@thestrategylab.com

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