#FuturesTrades realtime trade posting journal on IRC Othernet server for full-time and part-time traders

August 2006 Trade Log Archived Trade Logs Trading Strategies

August 11th 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.

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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Forex Currencies

In the past week we've had three new #FuturesTrades members that trade Forex Currencies.

Hopefully they become active trade posters and/or provide some helpful insights into the world of Forex Currency trading.

I may return on the weekend and edit my comments here to post something useful.

Have a nice weekend.

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 August...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.

Session Start: Fri Aug 11 09:23:34 2006Session Ident: #futurestrades

* Now talking in #futurestrades 09:23

<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTra desChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrad es.htm

<eminitrader> morn nicola

<PapaJon> gm all 09:25

<pat255> guess Niha still on avcation.. 09:27

<eminitrader> morn pj

<pat255> gm pj

<eminitrader> think he is back ..

<pat255> k..

<szubaark> gm 09:28

<JimmieP> good morning

<NihabaAshi> pat255, I've been here all week except for yesterday morning (personal stuff). 09:30

<pat255> k niha ...i have been absent ..been at work... 09:32

wow cant even move a pt up on es 09:36

<NihabaAshi> Shorts ER2 @ 683.00 -> small size «« simulator »» 09:37

<eminitrader> Long ES @ 1271.75

<NihabaAshi> This will be my only simulator trade of the day...testing something new on this trade. 09:38

<eminitrader> retracement level from yest move ...scalp opportunity

<jperl> all pink this morning

http://charts.dacharts.com/2006-08-11/JP ERL_011.png

<szubaark> emini 1265 to 1277?

<eminitrader> no szu 1269.50 - 1272 09:39

i'm saying thats the retracement level ..is this what u meant ?

<NihabaAshi> Covered ER2 Short @ 682.50 --> + 0.5 «« simulator »» 09:40

<szubaark> yes.

<eminitrader> k

<szubaark> but where u counting it from? 09:41

<NihabaAshi> Long ER2 @ 682.90 -> small size

<szubaark> i counted yersturday Opening low to High

<eminitrader> got u this level is from yest low of day to hod

<NihabaAshi> 1 contract only.

<pat255> L es 1272...1 car 09:42

<NihabaAshi> I'm looking to do an ADD but no signal that buyers are stepping into the trade. 09:43

<eminitrader> Exited 1/3 ES Long @ 1272.75 --> + 1 09:44

<pat255> out 3 ticks ..

<NihabaAshi> :( 09:45

Exited ER2 Long @ 683.30 --> + 0.4

Long ER2 @ 683.80 -> small size 09:48

<eminitrader> exit stop moved to breakeven ES @ 1271.75

<NihabaAshi> 3 contracts

<eminitrader> Exited 1/3 ES Long @ 1273.75 --> + 2 09:49

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<NihabaAshi> A few more ticks and I'll have a shallow (small) WRB pt level.

:( 09:50

Not looking good.

<szubaark> Shorts NQ @ 1496 09:51

<NihabaAshi> Exited ER2 Long @ 683.20 --> - 0.6 09:52

Reverse and Enter Short ER2 @ 683.20

Shorts ER2 @ 682.30 -> Add 09:53

<aym> Buy ER2 @ 682 risk 2

<NihabaAshi> Added 3 more contracts

<szubaark> exit stop set NQ @ 1495

<pat255> nice turn around niha ..

<eminitrader> correct szu

Exited Remainder ES Long @ 1271.75 --> 0 09:54

<NihabaAshi> pat255...I'm looking for a trend day today.

<szubaark> emini nice how it broke previous Support, waited for re-test to 1498 then Short

<pat255> dang i find so hard to turn around like u guys do....sigh 09:55

<NihabaAshi> I just want to bank a little profit and then try to ride a contract or two if it develops into a trend.

<eminitrader> true szu...nice read

<pat255> gold shot up..

<szubaark> Covered all Short NQ at 1492.75 --> + 3.25 09:56

<eminitrader> Shorts ES @ 1271.50

<pat255> vn szu

<szubaark> thanks. 09:57

<NihabaAshi> Covered 1/2 ER2 Short @ 681.80 --> + 0.5

<szubaark> just have to watch not to overtrade when we got CHOP

<eminitrader> Covered 1/3 ES Short @ 1270.50 --> + 1 09:58

<NihabaAshi> exit stop lowered ER2 @ 683.00 09:59

<eminitrader> exit stop moved to breakeven ES @ 1271.50 10:01

if its a downtrend it looks like one of those slow creepy ones 10:02

Covered Remainder ES Short @ 1270.50 --> + 1 10:04

<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)

<eminitrader> Long ES @ 1269.50 10:08

expecting some support here 10:09

<NihabaAshi> Covered ER2 Short @ 680.90 --> + 2.3 10:10

Holding 2 contracts...converting them into a position trade in hopes that I caught a trend.

<eminitrader> nice niha 10:11

<NihabaAshi> I'm not out of the wooks yet...

If another WRB develops below current price levels on a volatility spike... 10:12

The odds increase dramatically that I will catch a trend and can stay in this trade to s/r zones that are sitting far below.

<pdays> Shorts ER2 @ 681.7 «« paper »» 10:16

<eminitrader> looks like no buying ...just shorts covering 10:18

<pdays> Covered all ER2 Short @ 681.2 --> + 0.5 «« paper »»

<eminitrader> Exited all ES Long @ 1270 --> + 0.5 10:19

i'm done for the wk ..see u all mon ..have a good wkend

<pat255> later emini 10:20

<NihabaAshi> Didn't get the needed WRB and volatility is now declining... 10:22

If volatility continues to decline 10:23

Covered Remainder ER2 Short @ 682.70 --> + 0.5

Got shook out :( 10:24

I'm no longer looking to catch a trend. 10:25

<pat255> gonna just chop around now... 10:26

<NihabaAshi> EuroFX EC is trying hard to retrace all of its losses from that 0830am est volatility drop. 10:28

EuroFX EC Commentary -> All my EuroFX EC price action commentary also applies to Forex EurUsd, "inverse" price action of U.S. Dollar Index or vice versa.

<szubaark> Shorts NQ @ 1494.75 10:32

Covered all Short NQ at 1497.50 --> - 2.75 10:35

Shorts NQ @ 1496.25 10:38

exit stop set NQ @ 1499 10:39

<les> Shorts ER2 @ 682.4 10:42

<pat255> k guys cu al later ...slow chop mode ...back to office ty all 10:53

<asuni> niha if u free u have a pm 10:54

<JJJ> good morn 10:57

<NihabaAshi> Hi JJJ. 10:58

asuni...yes...I just sent you a pm. 10:59

<asuni> not exactly niha...... pm 11:00

<les> Covered 1/3 ER2 Short @ 681.9 --> + 0.5 11:02

<szubaark> nice les. You trading Real cash now?

<les> yes

<PapaJon> I think he now needs to change his skivies

hehe

nice patience les

<les> thx 11:03

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<szubaark> your paper trading went well. Congratulations

<les> buts its a real sweaty balls trdae

thx szu

<szubaark> how long were u paper trading before went real?

<PapaJon> you bettear hope not les... cuz steel balls will rust

<les> exit stop lowered ER2 @ 683.9

i'm not outa the woods yet cos this needs a widish stop still 11:04

Covered Remainder ER2 Short @ 682.4 --> 0 11:06

didnt like it in the end

szu... this time round, about 4 weeks 11:08

<szubaark> im glad this week is over. What a tough,Tight Price Action all week. 11:10

<les> guys...

they were waiting in chicago for my exit.. 11:11

then they start to sel off

familiar?

this is the only signal i got today 11:12

<szubaark> woudnt be suprised.. they probobly see all the small guys orders

<les> earlier in the week i had lotsa good ones...

volatility was better

<szubaark> Covered all Short NQ at 1496 --> + 0.25

* les is now known as lesAway 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

<szubaark> Shorts NQ @ 1494.75 11:21

ES 1pt Range all hour..geez 11:26

<asuni> szu, this is obvious, as emini is not in front of the monitor............... 11:31

Es waits for him :-) 11:32

<szubaark> heheh.. ES is ALL he trades and watches. Its his Life. 11:34

you have to know your trading instrument better then you know yourself. 11:35

<subq> trying to make ER2 my trading instrument of choice

i was watching ES all the time

<szubaark> I gave up on ER2..thats a nasty sucker. Took a bunch of my money. 11:36

<subq> yeah it is crazy

thats why i like it :)

so far ive given it a lot of money too...but im learning

<szubaark> u want crazy try HSI(Hang Sang) or Euro

all this stuff shoudnt even be touched until you have your experience. Or the Pros will just take your money. 11:37

then u got the Forex racket LOL :)) 11:39

exit stop set NQ @ 1494.75

<Chilly> testing, Hi I'm new 11:40

<szubaark> hi.. what u trade? 11:41

<Chilly> mostly YM

looking at a 3 inside up on 45min chart ???

<szubaark> 45min we daytrade here on short timeframes 11:42

<Chilly> ok, like 1, 5, 15m? 11:43

<szubaark> yes

<Chilly> most all of you trading ES? 11:44

<szubaark> everything under the sun

<Chilly> ok, thanks

<szubaark> Covered all Short NQ at 1494 --> + 0.75 11:46

* szubaark is now known as szubaark_away

<jperl> That's it for the day for me....rather slim pickings on ER2 11:47

http://charts.dacharts.com/2006-08-11/JP ERL_012.png 11:48

<JimmieP> ES here it goes 11:53

<NihabaAshi> Shorts ER2 @ 680.40 -> small size 11:54

2 contracts only 11:55

<JimmieP> ES testing 1265

<NihabaAshi> I'm in profit protection mode and not willing to risk much.

Covered 1/2 ER2 Short @ 679.80 --> + 0.6 11:56

No pattern signal...just an intuition trade. 11:57

<JimmieP> ES next stop<1255

<NihabaAshi> Covered Remainder ER2 Short @ 679.90 --> + 0.5 11:58

If EuroFX can hold its ground and not drop further... 12:13

I'll most likely trade it on early Monday morning between 3am - 9am est in looking for bullish signals. 12:14

<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

<substanz> Shorts YM @ 11090 13:05

<NihabaAshi> Long ER2 @ 680.40 -> small size 13:07

1 contract only and intuiton trade.

Long ER2 @ 679.70 -> Add 13:08

Expecting a WRB Volatility spike due to ER2 volatility just died. 13:15

Exited ER2 Long @ 679.00 --> - 1.4 13:16

Reverse and Enter Short ER2 @ 679.00

Reversed into a 3 contract position. 13:17

:( 13:22

Having some problems here.

Covered 2/3 ER2 Short @ 678.00 --> + 1.7 13:23

<substanz> nice !

<NihabaAshi> Script math is incorrect...its +1 point on each of the contract (2 contracts).

Math gets confusing from the script when I reverse into a larger position. 13:24

<substanz> target 11070 for me 13:25

<NihabaAshi> I only make manual corrections like I just did about the +1 point only when the script saids my profit was more than it should be.

However, I usually won't say anything if it saids my loss is worst than what it really is :) 13:26

substanz...I've had a Bearish bias all week but just couldn't really cash in on it the way I wanted to. 13:27

<substanz> its' trading lol ! 13:28

i have a strong bearish today 13:29

<NihabaAshi> Covered Remainder ER2 Short @ 678.80 --> + 0.2 13:32

Punks just pick-pocketed my trailing stop :(

I've lost my patience and some emotions is seeping into my trading. 13:33

I'm done for the day.

* NihabaAshi is now known as NihabaAshi_away

<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

<szubaark_away> Buys NQ @ 1487.50 13:48

Exited all Long NQ at 1490.25 --> + 2.75 13:55

<Chilly> nice, you got some movement! 13:56

<szubaark_away> u usually get it when u least expect it :))

<Chilly> still long YM from 11080 13:57

yes, haha

<szubaark_away> touching the downtrendline here

<substanz> Covered all YM Short @ 11104 --> - 14 14:01

<Chilly> breakeven YM, maybe somebody will buy 5min bull flag ;) 14:08

<szubaark_away> hehehe.. prolly bunch of chop before then 14:17

<Chilly> YM trailing stop in to pay for tonight's pizza ... no doubt the chop will get me :) 14:18

<szubaark_away> Shorts NQ @ 1489.50 14:19

* lesAway is now known as les 14:22

<szubaark_away> chilly,looks like No Pizza,maybe Jr.Bacon Deluxe 14:24

they shakin' both sides with this candle here 14:25

<substanz> yes

<Chilly> out YM, thanks to you shorts, guess it's Mac N' Cheese after all

<szubaark_away> too many frikin Tick scalpers outhere,going for 1-3 Ticks a pop 14:26

<les> Shorts ER2 @ 680.6 14:27

<szubaark_away> test of lows would buy me today's special steak dinner

<Chilly> don't they have summer homes in the Hamptons to be at by now?

<szubaark_away> well, they got Ipods,Bluetooth on their yachts PLUS juniors trading now 14:28

<les> Covered 1/3 ER2 Short @ 680.1 --> + 0.5

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<Chilly> hope you get steak and lobster

oh right, ha

<szubaark_away> Covered all Short NQ at 1488.50 --> + 1 14:31

losing patiece. 14:32

not touching this anymore. my nerves this week are Shot from this Chop. 14:33

<les> Covered 1/3 ER2 Short @ 679.4 --> + 1.2

exit stop lowered ER2 @ 680.5

Trailing Stop Hit ER2 @ 680.5 --> + 0.1 14:35

<Chilly> Long ES @ 11097 14:52

Exited all ES Long @ 11095 --> - 2

<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)

<Chilly> script test as I'm new, sorry 14:53

<les> chilly...

<Chilly> hi

<les> there's a test mode in the script..rather use that then folk wont think yr trading f real

<Chilly> oops, will do, thanks 14:54

<les> yw

u'll find it under "set trading mode"

<Chilly> ok, I will try that 14:55

Long ES @ 11101 «« testing »» 14:56

Exited all ES Long @ 11097 --> - 4 «« testing »»

<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) 16:04

<NihabaAshi_away> Hope all had a profitable trading week. 16:18

Take care all and have a nice weekend.

* DisconnectedSession Close: Fri Aug 11 16:20:23 2006 16:20

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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.

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

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