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. 

 

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ER2 EuroFX EC
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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)  
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: Wed Jul 12 09:30:03 2006Session Ident: #futurestrades
* Now talking in #futurestrades09:30
<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<Awash> good morning all09:31
<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 all09:33
<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
  
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<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 trading10:06
<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 Niha10:21
<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 tap10:30
<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
  
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<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 szu10:43
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 566310:50
<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 0.210:55
<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 report11:00
<pat255> selling relentless...
<marklc> step down - the moves always seem to happen on the hour or half hour it's uncanny11:02

dax finally goes red11:04
<szubaark>  Covered all NQ Short @ 1529.75 --> 0 11:06
Long NQ @ 1529.75
<marklc> this was when the DAX hit lod yesterday11:07
<szubaark> slow,controlled downcreep11:13
<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 all11:31
only got 4 hours sleep after late basketball, so only took 1 futs scalp for real, need ot go back to bed for a bit11:33
<Awash>  Long ES or YM @ 11147 paper 11:36
  

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<codehead> exit half YM +6 <paper>11:44
may need to ocnsolidate
i may need a nap11:45
stop flat on rest, biab
* codehead is now known as codehead-bbl11:46
<eminitrader>  Shorts ES @ 1276.25 11:53
<marklc> short DAX 567112:12
<eminitrader>  Covered 1/3 ES Short @ 1274.75 --> + 1.5 12:13
<pat255> vm emini...
<eminitrader> thx pat12:14
<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 es12:15
<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
bye12:17
<pat255> yes ...now scalps are the best ..
<eminitrader> actaually make that 1 to 3 pts12:18
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> slippage12:23
<eminitrader> try to hold for 6 - 7 pts see some support @ around 1269 may bounce of that
<marklc> out +10.512:26

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 early12:29
<eminitrader>  exit stop moved to breakeven ES @ 1276.25 12:54
* codehead-bbl is now known as codehead13:03
<szubaark> welcome back code..u missing some good action13:06
<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 july13:10
<szubaark> i think u've reached the next level13:11
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 move13:13
<codehead> wow, mkt decided to move while i napped13:16
gardener woke me up
<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)13:40
<Awash> YM taking out PDL13:48
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 trade14:43

today14:44
<sub>  Shorts YM @ 11078 paper
<Awash> nice reentry sub14:47

got shaken out
<eminitrader>  Long ES @ 1257.50 14:48
1 car only
<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)14:49
<sub> yes, target 1105214:50
<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 lod14:54
<sub> i have a downtrendline touch at 11062
<eminitrader> ES too ..major support broken14:55

probably see program trades now
<sub> my target 11052 :(
<eminitrader> there we go14:56

Covered 1/2 ES Short @ 1265 --> + 1 14:58

that was a 2 contrct trade14:59

holding 1 now

Covered Remainder ES Short @ 1266 --> 0 15:01
<Awash> emini, you're squeezing points out15:02
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 sub15:04

also oil @ 75 record high15:05
<Awash> another pullback15:13
<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 morn15:43
<Awash> nice Emini15:44
<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>  #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)16:01
* DisconnectedSession Close: Wed Jul 12 16:20:42 200616:20
  
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We are proud to say that our chat room members are from the following geographical areas in the world:

Argentina, Australia, Belgium, Brazil, Canada, Denmark, France, Germany, Greece, Hong Kong (China), Israel, Italy, Japan, Mexico, Portugal, Puerto Rico (U.S.), Saudi Arabia, Singapore, Spain, United States and Venezuela.

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

Eurex Fixed Income Derivatives BUND, BOBL and Schatz

Euronext Futures FTSE-100 and CAC-40

CME Futures EuroFX EC

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

Exchange Traded Funds DIA, GLD, OIH, IWM, QQQQ and SPY

NYMEX Energies Light Crude Oil CL, e-miNY QM and Natural Gas NG

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...

Don't hesitate to ask your questions and we'll reply back as soon as possible.

Sincerely,

M.A. Perry and Associates

TheStrategyLab.com

questions@thestrategylab.com

"The point of this whole exercise is to make money. Everything else is just conversation." --Jonathan Hoenig


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