July 12th 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 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 +16.80 +0.0000 $1,680.00 $0.00
The Twins: Volatility and Profits
I had a ton of personal stuff to do today and was only able to squeeze in about an hour worth of trading.
Today was the 1030am est EIA Petroleum Status Report and that usually produces excellent volatility from 0930am - 11am est before resting and picking up heavily again soon after lunch.
Simply, when volatility is good (strong)...I'm usually profitable.
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: Wed Jul 12 09:30:03 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 <Awash> good morning all 09:31 <eminitrader> morn A <pat255> gm all awsh niha & others .. 09:32 <szubaark> gm room <eminitrader> morn pat255 szu <pat255> gm szu gm emini <eminitrader> good trading all 09:33 <les> Long ER2 @ 717.3 «« paper »» 09:34 Exited 2/3 ER2 Long @ 717.8 --> + 0.5 «« paper »» exit stop moved to breakeven ER2 @ 717.3 «« paper »» <eminitrader> Shorts ES @ 1280.75 <les> exit stop raised ER2 @ 717.7 «« paper »» 09:35 Trailing Stop Hit ER2 @ 717.7 --> + 0.4 «« paper »» 09:37 <eminitrader> Covered 1/2 ES Short @ 1278.75 --> + 2 09:41 <pat255> good start emini <eminitrader> thx pat Covered 1/3 ES Short @ 1279.75 --> + 1 09:44 <NihabaAshi> Long ER2 @ 717.90 -> large size Long ER2 @ 718.50 -> Add 09:45 <eminitrader> Covered Remainder ES Short @ 1280.75 --> 0 <NihabaAshi> Exited 1/3 ER2 Long @ 719.70 --> + 1.2 09:46 <pdays> Shorts ER2 @ 719.3 «« paper »» 09:47 Covered all ER2 Short @ 718.8 --> + 0.5 «« paper »» <NihabaAshi> Exited 1/3 ER2 Long @ 719.40 --> + 1.5 <pat255> vn niha ....missed it .. 09:48 <NihabaAshi> I missed two good trades yesterday (one in the morning and one during my lunch break)...trades that would have made yesterday much easier to trade. Didn't want to start off this mourning missing a trade especially since I will be calling it a day soon here. 09:49 Exited ER2 Long @ 718.10 --> + 0.2 09:51 Reverse and Enter Short ER2 @ 718.10 Shorts ER2 @ 717.50 -> Add <les> Shorts ER2 @ 717.4 «« paper »» 09:52 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. <eminitrader> Shorts ES @ 1280 09:55 <NihabaAshi> Shorts ER2 @ 717.80 -> Add <les> Covered 1/3 ER2 Short @ 717.1 --> + 0.3 «« paper »» 09:57 <eminitrader> Covered all ES Short @ 1280 --> 0 Long ES @ 1279.50 09:59 <Awash> Long ES or YM @ 11181 «« paper »» 10:00 <eminitrader> Exited ES Long @ 1279.25 --> - 0.25 10:01 Reverse and Enter Short ES @ 1279.25 <NihabaAshi> Covered 1/3 ER2 Short @ 716.80 --> + 1 <les> Covered 1/3 ER2 Short @ 716.5 --> + 0.9 «« paper »» 10:02 exit stop lowered ER2 @ 717.3 «« paper »» Trailing Stop Hit ER2 @ 717.3 --> + 0.1 «« paper »» 10:03 <eminitrader> Covered 1/2 ES Short @ 1278.25 --> + 1 10:04 <NihabaAshi> Covered 1/3 ER2 Short @ 717.00 --> + 0.5 <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> still holding 3 contracts from 718.10 level. 10:05 <szubaark> emini, Niha nice trading 10:06 <eminitrader> thx szu exit stop moved to breakeven ES @ 1279.25 10:07 be back <NihabaAshi> Tightning up my trailing stop. <Awash> Exited all ES or YM Long @ 11175 --> - 6 «« paper »» <NihabaAshi> exit stop lowered ER2 @ 718.00 10:08 <Awash> Long ES or YM @ 11172 «« paper »» <szubaark> Long NQ @ 1535.75 10:10 <NihabaAshi> Covered Remainder ER2 Short @ 717.90 --> + 0.2 10:12 <eminitrader> Trailing Stop Hit ES @ 1279.25 --> 0 10:14 <szubaark> exit stop moved to breakeven NQ @ 1535.75 10:15 <NihabaAshi> Shorts ER2 @ 717.20 -> small size 10:17 <szubaark> Exited all NQ Long @ 1535.75 --> 0 10:18 :(( <NihabaAshi> szu...when we see the market like this...open price and current price are very close to each other on a Wednesday within about 10mins of the 1030am est EIA Petroleum Report... 10:19 The BIG BOYS are getting ready to fire away :) 10:20 Hopefully us retail traders aren't in their line of fire. <szubaark> Shorts NQ @ 1536 hehe Niha 10:21 <PapaJon> i have my camoflauge on of course... my buddy says i have a big orange target painted on the back of the shirt <szubaark> exit stop moved to breakeven NQ @ 1536 10:22 keeping Stops tight. either goes or im Out. 10:23 <NihabaAshi> Covered 2/3 ER2 Short @ 715.90 --> + 1.3 tightning up my trailing stop. 10:24 <szubaark> Covered all NQ Short @ 1536 --> 0 <NihabaAshi> Covered Remainder ER2 Short @ 716.80 --> + 0.4 <szubaark> Long NQ @ 1536.50 <NihabaAshi> I'm done for the day and see all tomorrow. 10:25 * NihabaAshi is now known as NihabaAshi_away <pat255> k niha ..later .. <eminitrader> bye niha missed long by 1 tick :( Long ES @ 1277 10:29 <codehead> crude report on tap 10:30 <eminitrader> Exited ES Long @ 1278 --> + 1 10:31 Reverse and Enter Short ES @ 1278 <szubaark> Exited all NQ Long @ 1533 --> - 3.5 10:32 Shorts NQ @ 1532.75 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) <eminitrader> Covered 1/3 ES Short @ 1276 --> + 2 10:33 <Awash> Exited all ES or YM Long @ 11152 --> - 20 «« paper »» <les> Shorts ER2 @ 714.4 «« paper »» 10:34 Covered 1/3 ER2 Short @ 713.9 --> + 0.5 «« paper »» 10:35 exit stop moved to breakeven ER2 @ 714.4 «« paper »» Covered Remainder ER2 Short @ 714.4 --> 0 «« paper »» 10:36 Shorts ER2 @ 714.1 «« paper »» 10:39 <eminitrader> Covered ES Short @ 1275.25 --> + 2.75 10:40 Reverse and Enter Long ES @ 1275.25 <szubaark> emini u rock today <eminitrader> thx szu 10:43 last trade if it works out <szubaark> Covered all NQ Short @ 1534 --> - 1.25 10:44 Long NQ @ 1533.75 <les> Covered 1/3 ER2 Short @ 713.6 --> + 0.5 «« paper »» 10:47 Covered 1/3 ER2 Short @ 712.6 --> + 1.5 «« paper »» 10:48 exit stop lowered ER2 @ 713.7 «« paper »» <marklc> Dax short 5663 10:50 <szubaark> Exited all NQ Long @ 1529.75 --> - 4 Shorts NQ @ 1529.75 <les> exit stop lowered ER2 @ 713.2 «« paper »» <eminitrader> Exited all ES Long @ 1274.25 --> - 1 10:51 <marklc> exit + 3 <aym> buy qm @ 74.075 risk 0.2 10:55 <marklc> Dax ranging waiting for the next step down <les> Covered Remainder ER2 Short @ 712.3 --> + 1.8 «« paper »» 10:58 <codehead> QM to new lows after spike on report 11:00 <pat255> selling relentless... <marklc> step down - the moves always seem to happen on the hour or half hour it's uncanny 11:02 dax finally goes red 11:04 <szubaark> Covered all NQ Short @ 1529.75 --> 0 11:06 Long NQ @ 1529.75 <marklc> this was when the DAX hit lod yesterday 11:07 <szubaark> slow,controlled downcreep 11:13 <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) 11:16 <codehead> long YM 11141 <paper> 11:30 12 pt stop max, but i really don't want it to test low 30's at all 11:31 only got 4 hours sleep after late basketball, so only took 1 futs scalp for real, need ot go back to bed for a bit 11:33 <Awash> Long ES or YM @ 11147 «« paper »» 11:36
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> exit half YM +6 <paper> 11:44 may need to ocnsolidate i may need a nap 11:45 stop flat on rest, biab * codehead is now known as codehead-bbl 11:46 <eminitrader> Shorts ES @ 1276.25 11:53 <marklc> short DAX 5671 12:12 <eminitrader> Covered 1/3 ES Short @ 1274.75 --> + 1.5 12:13 <pat255> vm emini... <eminitrader> thx pat 12:14 <pat255> es u gotta wait & wait ... <eminitrader> yep pateince is the key nq may move 4-5 ticks before we see a tick in the es 12:15 <Awash> Exited all ES or YM Long @ 11148 --> + 1 «« paper »» sorry, late post (on the phone) <eminitrader> likewise with the er <pat255> but er can go ballistic in nano secs.. 12:16 prefer es tho ... <eminitrader> true <pat255> c u all later back to office ty all later emini <eminitrader> key is to catch a move on the es which is quite tough ..so happy with scalps of 2 to 3 pts bye 12:17 <pat255> yes ...now scalps are the best .. <eminitrader> actaually make that 1 to 3 pts 12:18 Covered 1/3 ES Short @ 1273.25 --> + 3 12:19 <szubaark> Exited all NQ Long @ 1526.50 --> - 3.25 :(( Shorts NQ @ 1526.50 12:20 <eminitrader> holdin 2 now <marklc> slippage 12:23 <eminitrader> try to hold for 6 - 7 pts see some support @ around 1269 may bounce of that <marklc> out +10.5 12:26 probably too early <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 <marklc> Yes 5 points too early 12:29 <eminitrader> exit stop moved to breakeven ES @ 1276.25 12:54 * codehead-bbl is now known as codehead 13:03 <szubaark> welcome back code..u missing some good action 13:06 <eminitrader> Covered Remainder ES Short @ 1269.75 --> + 6.5 13:07 <szubaark> Covered all NQ Short @ 1517.50 --> + 9 13:08 Nice emini.. u nailing them down today.. almost feels like u looking at the crystal ball :) 13:09 <eminitrader> thx szu actually i made some sizable money just these past 2 days in july 13:10 <szubaark> i think u've reached the next level 13:11 Ive been watching u trade and uve really improved. <eminitrader> this yr's been really good so far ..making decent money :) 13:12 * szubaark is now known as szubaark_away <eminitrader> patience has helped szu..but i still get taken out from a move 13:13 <codehead> wow, mkt decided to move while i napped 13:16 gardener woke me up <X> 13:40 <Awash> YM taking out PDL 13:48 Shorts ES or YM @ 11083 «« paper »» 14:30 <sub> Shorts YM @ 11074 «« paper »» 14:34 Covered all YM Short @ 11084 --> - 10 «« paper »» 14:40 <Awash> Covered all ES or YM Short @ 11083 --> 0 «« paper »» 14:42 <eminitrader> pm session getting tough to trade 14:43 today 14:44 <sub> Shorts YM @ 11078 «« paper »» <Awash> nice reentry sub 14:47 got shaken out <eminitrader> Long ES @ 1257.50 14:48 1 car only <X> 14:49 <sub> yes, target 11052 14:50 <eminitrader> Exited ES Long @ 1266 --> + 8.5 Reverse and Enter Short ES @ 1266 thats a 1.5 loss :(( 14:51 <sub> Covered all YM Short @ 11062 --> + 16 «« paper »» 14:53 <eminitrader> nq holding lod 14:54 <sub> i have a downtrendline touch at 11062 <eminitrader> ES too ..major support broken 14:55 probably see program trades now <sub> my target 11052 :( <eminitrader> there we go 14:56 Covered 1/2 ES Short @ 1265 --> + 1 14:58 that was a 2 contrct trade 14:59 holding 1 now Covered Remainder ES Short @ 1266 --> 0 15:01 <Awash> emini, you're squeezing points out 15:02 nice <sub> maybe bounce now <eminitrader> thx last few days been good to me :) <Awash> :) 15:03 <sub> good emini <eminitrader> will be a weak bounce ..es wii not cross 1270 i think thx sub 15:04 also oil @ 75 record high 15:05 <Awash> another pullback 15:13 <eminitrader> Shorts ES @ 1267.50 15:21 1 only <Awash> Shorts ES or YM @ 11076 «« paper »» 15:22 <eminitrader> Shorts ES @ 1268.75 -> Add 15:23 now holding 2 Covered 1/2 ES Short @ 1167.50 --> + 101.25 15:33 oops Covered 1/2 ES Short @ 1267.50 --> 0 exit stop moved to breakeven ES @ 1268.75 15:34 <cmr> IMHO until end of this year, there is only one trade to do everyday: SHORT everything! 15:35 <Awash> :) thanks for your input cmr no calls in this room <sub> Long YM @ 11078 «« paper »» 15:36 <cmr> Out from office, just arrived now. <sub> Exited all YM Long @ 11075 --> - 3 «« paper »» 15:40 <eminitrader> Covered Remainder ES Short @ 1266.75 --> + 0.75 15:42 will end today with that 2 pointer see u all in the morn 15:43 <Awash> nice Emini 15:44 <cmr> Short ER2 @706.5 <Awash> getting ready to close my short too * szubaark_away is now known as szubaark <Awash> Covered all ES or YM Short @ 11061 --> + 15 «« paper »» 15:48 <cmr> Holding Short on ER2 for tomorrow. 1.5 points in 20 min. 16:00 <X> 16:01 * DisconnectedSession Close: Wed Jul 12 16:20:42 2006 16:20 Sponsor:
I don't always trade nor monitor the market from my home office. Sometimes I'll do such from one of my favorite nearby Wi-Fi hotspot or whenever I'm traveling via using this little Wi-Fi detection gadget I got from Think Geek that will show more than just the presence of any nearby signal and its signal strength. It has a 12-character LCD that provides information on signal availability and strength as well as essential network information, including SSID, security status and channel. When multiple networks are present the LCD me to scroll through information for each network.
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In addition, below are the trading instruments our chat room members monitor closely to make trade decisions:
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