#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 15th Tuesday 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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Trading Dead Zone

More often than not, trading the noon (lunch) trading session isn't worth the effort.

Of course once in awhile a big move starts during lunch and you'll wish you were there.

However, the times when nothing happens are times when the broker is getting rich and your not taking a critical break (time away) from the markets to re-energize and/or regain your market perspective.

With that said, I didn't say close your positions when lunch arrives.

I'm saying not to open up new positions when lunch arrives because that dead zone is notorious for causing losses and overtrading.

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: Tue Aug 15 09:20:04 2006Session Ident: #futurestrades

* Now talking in #futurestrades 09:20

<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm

<asuni> gm niha, gm all 09:21

<PapaJon> gm all 09:26

<szubaark> gm

<Chilly> gm folks 09:29

<eminitrader> morn all 09:32

<asuni> GM mr ET

<eminitrader> :)

<NihabaAshi> gm all 09:34

Shorts ER2 @ 695.30 -> small size 09:35

5 contracts

Covered ER2 Short @ 694.20 --> + 1.1 09:38

Holding 2 contracts

<pat255> gm all

<NihabaAshi> exit stop lowered ER2 @ 695.20 09:39

<eminitrader> Long ES @ 1283.25 09:40

* Retrieving #futurestrades modes... 09:43

<NihabaAshi> Trailing Stop Hit ER2 @ 695.20 --> + 0.1 09:44

Shorts ER2 @ 694.20 -> small size

<szubaark> Shorts NQ @ 1516.25

<NihabaAshi> 3 contracts only 09:45

<jperl> mostly green this morning... 09:47

http://charts.dacharts.com/2006-08-15/JP ERL_012.png 09:48

<NihabaAshi> I gave this trade a lot of breathing room and its not paying off. 09:50

<les> its gotten very tight out there niha 09:51

i think its consolidating the rise from 8:30 report

* ztkii is now known as ozzjo 09:52

<NihabaAshi> Les...the real numbers are tomorrow and will shed some light on todays key economic reports... 09:53

<les> yep

<NihabaAshi> Simply, I don't think this can push any higher because of the pending info tomorrow.

<szubaark> exit stop set NQ @ 1520

<eminitrader> Long ES @ 1282.25 -> Add

<les> yeah.. altho i thought the improved mid-east situation may still lift the mkts a bit

<NihabaAshi> Covered 1/3 ER2 Short @ 693.50 --> + 0.7 09:54

<les> of course the first one to bust the ceasefire will see it all tumble :)

<pat255> dang the same ole freaking down we go

<eminitrader> Long ES @ 1281 -> Add 09:55

<NihabaAshi> Covered Remainder ER2 Short @ 693.90 --> + 0.3 09:58

Be right back...got some distractions here.

* NihabaAshi is now known as NihabaAshi_away

* NihabaAshi_away is now known as NihabaAshi 10:03

<marklc> short dax 5769

out b/e

<szubaark> exit stop set NQ @ 1518 10:04

emini gap again causing problems 10:05

<eminitrader> right szu...but i'm holding my longs

<asuni> if moves will copy yesterday's moves, we'll see NHOD before filling the gap 10:06

<szubaark> Covered all Short NQ at 1518 --> - 1.75

<eminitrader> Exited 1/2 ES Long @ 1283.50 --> + 2.5 10:13

thats 1.5pts ..my avg long 1282 10:14

<szubaark> nice

<pat255> vn emini

<eminitrader> thx szu...initial entry was a bit too soon

thx pat

<pat255> for a moment i thot this going to be repet of yesterday 10:15

<eminitrader> u mean the drop..

<pat255> yes 10:16

k guys biab...@office again today..ty all

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<eminitrader> bye

<pat255> no trade just watch ..dial up connection.. 10:17

<asuni> bye pat

<pat255> later emini asuni ty

<szubaark> Shorts NQ @ 1519.75

<eminitrader> Exited Remainder ES Long @ 1282.50 --> - 0.75 10:18

thats +0.5 on the avg

<szubaark> exit stop set NQ @ 1522 10:19

exit stop set NQ @ 1519.75 10:23

<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)

<szubaark> changing Stop to breakeven..dont like PA

<asuni> emini, waiting for nhod before trying a short trade?

<les> what's nhod?? 10:24

<eminitrader> no short signal at least so far ...

<asuni> new high of day

<les> oh

<asuni> quicker

<les> thought it maybe was to do with big ears n noddy :))

<eminitrader> expecting pullback and rentry long 1279-1277

<jperl> TotalMarket has been oscillating about its average price all morning... 10:28

http://charts.dacharts.com/2006-08-15/JP ERL_013.png

<NihabaAshi> Long ER2 @ 693.30 -> small size 10:30

2 contracts only

<eminitrader> Long ES @ 1282.25

<NihabaAshi> I'm now in profit protection mode and I don't think I can get much more than what I already have gotten out of the a.m. trading session. 10:31

<eminitrader> expecting a retest oh high

<les> Long ER2 @ 693.5 10:32

<szubaark> Covered all Short NQ at 1519.75 --> 0

<les> exit stop set ER2 @ 692.3

<NihabaAshi> ER2 volatility drying up...I'm now expecting a WRB volatility spike... 10:33

Hopefully in my trade direction and not against me.

<szubaark> Buys NQ @ 1519.50

<les> me too niha :) 10:34

<eminitrader> towards new highs :)

<les> Exited 1/3 ER2 Long @ 693.8 --> + 0.3

wrong

Exited 1/3 ER2 Long @ 693.9 --> + 0.4

<NihabaAshi> Exited 1/2 ER2 Long @ 694.10 --> + 0.8

<les> Exited 1/3 ER2 Long @ 694.1 --> + 0.6 10:36

exit stop raised ER2 @ 693.6

Trailing Stop Hit ER2 @ 693.6 --> + 0.1

<NihabaAshi> Exited Remainder ER2 Long @ 693.80 --> + 0.5

<eminitrader> think we have seen the lows for now 10:40

<Chilly> Long YM @ 11205

<eminitrader> Exited 1/3 ES Long @ 1284.25 --> + 2 10:41

<szubaark> emini nice sticking to your guns.

<Chilly> exit stop set YM @ 11206

<eminitrader> was expecting a retest szu

<szubaark> actually NQ Broke its High 10:42

<NihabaAshi> Long ER2 @ 695.70 -> small size

1 contract only

I obviously have a Bearish bias base upon my position size management of Shorts versus Longs. 10:44

<Chilly> exit stop raised YM @ 11226 10:45

<NihabaAshi> Exited ER2 Long @ 696.20 --> + 0.5

<szubaark> Exited all Long NQ at 1527 --> + 7.5 10:47

<NihabaAshi> ES, NQ and YM have already made new intraday highs since 0830am est...

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ER2 looks like it wants to do the same.

<szubaark> yup.ER holding this up 10:48

<eminitrader> Exited 1/3 ES Long @ 1286.25 --> + 4

<szubaark> nice emini.

<eminitrader> thx szu .. 10:49

<Chilly> Trailing Stop Hit YM @ 11226 --> + 21

<eminitrader> nice 10:50

<Chilly> thx, you guys too 10:51

<eminitrader> :)

<NihabaAshi> #FuturesTrades Purpose -> No gurus here, no signal calling by a head trader and no intentions to educate. This room is being used by you as a realtime trade journal of trades (real money or simulator) and discussions are for you to add additional info to your brokerage statements. Do not mimic (shadow) the trades by others without their consent as stated at http://www.thestrategylab.com/FuturesTradesChatRoom.htm 10:52

<les> Shorts ER2 @ 695.2

exit stop set ER2 @ 696.6

Covered 1/3 ER2 Short @ 694.7 --> + 0.5 10:53

<NihabaAshi> ER2 volatility dried up again...expecting a volatilty spike here soon.

<les> exit stop moved to breakeven ER2 @ 695.2

Trailing Stop Hit ER2 @ 695.2 --> 0 10:54

<eminitrader> exit stop moved to breakeven ES @ 1282.25

<NihabaAshi> Shorts ER2 @ 695.10 -> small size

5 contracts 10:55

:( 10:56

Covered ER2 Short @ 695.00 --> + 0.1

Covered Remainder ER2 Short @ 695.00 --> + 0.1 10:57

Had to dump it...trade entry error...saw something that really wasn't there.

<eminitrader> stil in the vacation mood :) 10:58

<NihabaAshi> I think I got too aggressive on that trade and then that price illusion appeared... 10:59

You know...ugly girls only giet pretty after a few drinks :)

<eminitrader> lol

how very true

<NihabaAshi> That's what that trade felt like.

<eminitrader> he he he 11:00

<NihabaAshi> I just lost my Bearish bias in ER2. 11:02

I'm now neutral.

<eminitrader> Shorts ES @ 1286.25 11:18

Covered 1/3 ES Short @ 1285.25 --> + 1 11:25

Covered 1/3 ES Short @ 1284.25 --> + 2 11:32

<Chilly> Shorts YM @ 11220

exit stop set YM @ 11219 11:33

<eminitrader> exit stop moved to breakeven ES @ 1286.25 11:34

that was a reverse acyually@1286.25

<Chilly> Trailing Stop Hit YM @ 11219 --> + 1 11:35

<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)

<les> Long ER2 @ 695.8 11:36

Exited 1/3 ER2 Long @ 696.2 --> + 0.4 11:47

<NihabaAshi> EuroFX is trying hard to hold onto its gains... 11:48

If it drops further, it could be in trouble.

<les> Exited 1/3 ER2 Long @ 696.6 --> + 0.8

exit stop raised ER2 @ 695.9 11:49

<jperl> time for lunch.....no good trades for me today.... 11:50

http://charts.dacharts.com/2006-08-15/JP ERL_014.png

<eminitrader> Covered Remainder ES Short @ 1286.25 --> 0

<les> Exited Remainder ER2 Long @ 697.3 --> + 1.5 11:51

<patterntrader> test 11:59

hi all:)

<NihabaAshi> Hi pattern

<patterntrader> where is the posts?:) 12:00

<NihabaAshi> What posts are you talking about :)

<patterntrader> i am short at 85.75

buy,sell:)

everybody busy:) 12:01

<NihabaAshi> I hope so.

<patterntrader> ok

<NihabaAshi> By the way, its lunch time.

<patterntrader> i yake my lunch righy here always:) 12:02

take

downtrend no time for lunch:) 12:03

<NihabaAshi> Reminder -> #FuturesTrades chat room trade logs are posted @ http://www.thestrategylab.com/RecentTrad es.htm (logs will be updated tonight by 9pm est to current) 12:05

<Chilly> bbl 12:12

<NihabaAshi> :( 12:21

ER2 volatility has dried up...expecting a volatility spike here soon. 12:27

Long ER2 @ 695.50 -> small size 12:28

1 contract only

* les is now known as lesAway 12:29

<NihabaAshi> Without the lunch crowd...just not worth it. 12:30

<Fleneer> ES last 90 mins 5 min chart symetrical triangle which way will it break? Flip your favorite trading coin. 12:33

<NihabaAshi> Exited ER2 Long @ 696.10 --> + 0.6 12:36

* NihabaAshi is now known as NihabaAshi_lunch

<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) 12:44

<eminitrader> Shorts ES @ 1285.75 12:49

Covered all ES Short @ 1286.75 --> - 1 12:54

<Fleneer> Globex feed dead. 13:17

back now.

<eminitrader> Shorts ES @ 1285 13:24

<szubaark> emini looks like a fakeout 13:34

<pat255> hi guys back for a little bit.. 13:36

* okiaz is now known as uzuiv

<eminitrader> similar pattern like yest..szu 13:37

<pat255> yes ...but may hold today?

emini u guys S here?

<eminitrader> i'm from 1285 13:38

<pat255> kty

<eminitrader> can;t take trades based on may hold pat 13:39

<pat255> very true...we shall c

<eminitrader> set-up triggerd a sell...so took it

will know soon if wrong :)

<pat255> but working so far

* NihabaAshi_lunch is now known as NihabaAshi 13:41

<szubaark> Shorts NQ @ 1530 13:42

exit stop set NQ @ 1532

<eminitrader> gap fill szu :))

a very low risk trade

<Chilly> Shorts YM @ 11219 13:43

<szubaark> NQ having problems testing previous resistance "so far"

<eminitrader> i have a stop @ hod 13:44

<szubaark> emini they shoudnt test HOD... if do they should go thru it 13:45

<Chilly> exit stop set YM @ 11228 13:47

<szubaark> they not going anywhere without putting up a Fight. 13:49

<eminitrader> itis time it will break thru if tested 13:50

itis=this

<pat255> break thru what level emini? 13:52

<eminitrader> the hod 13:53

<pat255> thks

<szubaark> Volatility spike coming up :)) 13:54

<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) 13:56

<szubaark> exit stop set NQ @ 1530

its gotta go NOW or im out

<Chilly> exit stop lowered YM @ 11218 13:57

Trailing Stop Hit YM @ 11218 --> + 1

<szubaark> Covered all Short NQ at 1530 --> 0

Shorts NQ @ 1530.25 13:58

wrong.. 13:59

Buys NQ @ 1530.25

Big Fight here 14:01

Exited all Long NQ at 1530 --> - 0.25 14:02

im gonna WAIT for this to develop. its all Noise now 14:03

<eminitrader> u will be cahsing it szu

chasing

<szubaark> look just when u think its gonna break,they whack it back up 14:04

<eminitrader> true..but like u said they wont let it go w/o a tough fight 14:05

<szubaark> Support 1526 Resistance 1534 they@1530 now.. in the middle. Roll the dice either way 14:06

<codehead> someone kick ulaii

<szubaark> emini i find lare in the day trading difficult because everyone outhere sees the patterns now and its just a Big fight for Ticks 14:10

* ulaii is now known as ktbii 14:11

<Chilly> Long YM @ 11232 14:12

* lesAway is now known as les 14:13

<szubaark> not touching this. 14:14

* szubaark is now known as szubaark_away

<les> Shorts ER2 @ 695.8

<eminitrader> i know what u mean szu

<szubaark_away> this is just Pro going against Pro..not worth it. 14:15

<codehead> ya, cci swing from + extreme to - extereme, less than 30 pt Ym range, then back to + extreme

<les> wrong entry post 14:16

Shorts ER2 @ 695.5

<Chilly> exit stop set YM @ 11221 14:18

how bad to the longs want it? too choppy for this amateur.

<szubaark_away> yup.. leave this to the Pros with Fast connections and Super Computers. 14:24

* izijk is now known as boiuz 14:25

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<eminitrader> Covered all ES Short @ 1287 --> - 2

<Chilly> exit stop raised YM @ 11233 14:27

Trailing Stop Hit YM @ 11233 --> + 1

just glad to get out alive ... again

<pat255> k guys c u all later...ty 14:34

<les> Covered all ER2 Short @ 697.8 --> - 2.3 14:36

nutso

<jperl> Chilly---check PM 14:55

<Chilly> how?

I see 14:56

how do I reply? 14:58

<jperl> you just did

<Chilly> ok

<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) 15:08

<pat255> wow hmmm rally ...& sticking too so far 15:13

* bvkut is now known as ujzin 15:21

<jperl> Done for the day....afternoon was better than morning... 15:29

http://charts.dacharts.com/2006-08-15/JP ERL_015.png

<GoodMood> congrat jperl 15:32

<jperl> tx

* ipiii is now known as jwbzp 15:44

<PapaJon> bye all 15:51

<Chilly> gn 15:56

<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) 16:20

<NihabaAshi> Take care all and see all tomorrow 16:22

* DisconnectedSession Close: Tue Aug 15 16:36:49 2006 16:36

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CME Emini Futures ES, NQ and ER2

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Eurex Fixed Income Derivatives BUND, BOBL and Schatz

Euronext Futures FTSE-100 and CAC-40

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

Forex Currencies EurUsd, EurYen and UsdCdn

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

Hang Seng Index Futures HSI

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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