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.
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)
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: Thu Jul 06 09:29:00 2006Session Ident: #futurestrades * Now talking in #futurestrades 09:29 <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 pj 09:30 <szubaark> gm 09:31 <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 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> 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> yup 10:06 <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 Trading Edge: If your an independent trader looking for an edge to help you traverse around obstacles to profitable trading...a method that's well defined, gives you a better understanding of the markets, applicable for day trading, position trading and swing trading with a money back guaranteed policy...click here. 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) <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> nice 10:29 <aym> Short er2 @ 731.3risk 2 10:30 <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 @ 729.9 10:33 <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 open 10:55 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 dow 11:09 <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 szubaark 12:16 <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 profit 12:18 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
Mentally getting away from trading is much harder to do in comparison to physically getting away from trading when its time for some rest and relaxation. Personally, one of my favorite ways to mentally rest is to watch movies I've copy & recorded from the local video store via my Slysoft software that copies any copyright protected dvd's and cd's. <codehead> QM 5 min ghost szu 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) 12:33 <Awash> exit stop moved to breakeven ES or YM @ 11294 «« paper »» Trailing Stop Hit ES or YM @ 11294 --> 0 «« paper »» 12:36 <szubaark> yes code 12:40 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 LOL 12:51 <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 working 13:05 Exited all NQ Long @ 1569.75 --> + 2.25 13:10 <codehead> nice 13:12 <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> 13:45 <szubaark> Exited all NQ Long @ 1568.75 --> - 2.75 13:55 :(( Shorts NQ @ 1568.75 * Awash2 is now known as Awash 14:06 <Awash> test 14:08 Shorts ES or YM @ 11276 «« paper »» 14:13 <szubaark> Oil kicking the markets butt 14:14 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> 14:57 <eminitrader> Long ES @ 1280 15:02 Exited 1/2 ES Long @ 1281.50 --> + 1.5 15:06 <szubaark> nice emini 15:08 <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 3:30 15:51 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> 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 2006 16:19 Sponsor:
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