#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 21st Monday 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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Trading Perspective

No trades for me today because I was in Montreal for personal reasons.

Yet, I did record today's log of the trades and market comments posted by #FuturesTrades...log posted below.

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: Mon Aug 21 08:38:19 2006Session Ident: #futurestrades

* Now talking in #futurestrades 08:38

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

<NihabaAshi> Hi all...I won't be here today to moderate the room nor trading today. 08:40

I'm flying to Montreal for the day to get some personal stuff done. 08:42

<marklc> good luck

<NihabaAshi> I will stay logged in to make tonights chat log and will post it as usual at http://www.thestrategylab.com/RecentTrades.htm

* 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) 08:53

<Awash> . 09:04

<asuni> gm all 09:21

<pat255> gm all.. 09:26

<PapaJon> gm all 09:27

<szubaark> gm

<yo> morning all

<NihabaAshi> Hi all...I won't be here today to moderate the room nor trading today. 09:28

<NihabaAshi> I'm flying to Montreal for the day to get some personal stuff done.

<marklc> good luck

<eminitrader> morn all

have fun niha ..see ya tommorow 09:29

<substanz> gm all

<pat255> later niha...Montreal is beautiful...

gm emini

<eminitrader> morn pat 09:30

<pat255> wow red futs so we move up ...

<eminitrader> good Q 09:31

<pat255> bulls not awake yet.. 09:32

<pdays> Long ER2 @ 708.6 «« paper »» 09:35

Exited all ER2 Long @ 709.1 --> + 0.5 «« paper »» 09:36

<substanz> Long YM @ 11371 «« paper »»

<szubaark> Shorts NQ @ 1567.75 09:40

<substanz> Exited all YM Long @ 11365 --> - 6 «« paper »» 09:41

<eminitrader> Long ES @ 1301.25

<les> Long ER2 @ 708.9 09:44

Exited all ER2 Long @ 708.7 --> - 0.2 09:46

<aym> Short YM @ 11370 risk 20

<szubaark> exit stop set NQ @ 1570

<eminitrader> es struggling @ 60% retrace of friday move 09:48

<substanz> Long YM @ 11370 «« paper »» 09:49

<les> Long ER2 @ 708.1 09:50

<jperl> TotalMarket all red so far...

http://charts.dacharts.com/2006-08-21/JP ERL_011.png 09:51

<PapaJon> pres bush gonna be speaking live shortly 09:53

<szubaark> :((

<PapaJon> just given all a heads up 09:54

<eminitrader> any idea abt the agenda pj

<PapaJon> they said.. but i dint hear.. sorry

<eminitrader> not to worry thx

<PapaJon> :)

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<eminitrader> Exited all ES Long @ 1301.25 --> 0

<substanz> Exited all YM Long @ 11363 --> - 7 «« paper »»

<les> Exited all ER2 Long @ 707.4 --> - 0.7

<eminitrader> usually bush talks mrkt tanks ...dont want to chance ..thx pj 09:55

<PapaJon> np

<substanz> Shorts YM @ 11366 «« paper »» 09:57

<szubaark> market pretty sloppy so far 09:58

exit stop moved to breakeven NQ @ 1567.50 10:00

<PapaJon> bush gonna be speaking re: israel/hezbollah and ceasefire issues 10:01

<les> so he not gamma talk dirty?

<PapaJon> depends on your point of view les... 10:02

course.. you always think dirty.. so... there you go 10:03

<les> ah gee

i like it when u get angry

<PapaJon> btw... i went to Paramounts Great America with grand kids on Saturday... 10:04

One of the rides flys over a marsh/swampy area...

I noticed alligators in there and there was people standing in line to ride them...

only bummer was... 10:05

you had to pay extra to ride the alligators...

and it was really expensive...

it cost an arm and a leg

<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)

<PapaJon> badda boom!

<szubaark> Covered all Short NQ at 1567.25 --> + 0.5 10:06

<eminitrader> Shorts ES @ 1301.50

<PapaJon> well heck... my grandson like that one... 10:09

<eminitrader> Covered ES Short @ 1302 --> - 0.5 10:10

Reverse and Enter Long ES @ 1302

<substanz> Covered all YM Short @ 11375 --> - 9 «« paper »» 10:12

<les> Shorts ER2 @ 708.1 10:14

Covered all ER2 Short @ 707.9 --> + 0.2 10:20

wrong

Covered all ER2 Short @ 708.9 --> - 0.8

<szubaark> Shorts NQ @ 1568.25 10:23

<eminitrader> Exited ES Long @ 1301.50 --> - 0.5 10:24

Reverse and Enter Short ES @ 1301.50

lobster dinners all around ..lucky brokers :) 10:25

<marklc> short 5807 daz

dax

<les> its a killer today em 10:26

<eminitrader> true les 10:27

<szubaark> 1pt Range on ES

<eminitrader> lost 1 pt on 10 so far :( 10:28

<szubaark> 10 contracts?

<eminitrader> yep 10:29

3 trades ..1 b/e 2 losers 0.5

<szubaark> hhmm.. Im looking for at least Friday's low test 10:30

<eminitrader> yep..supp may come in there 10:31

<marklc> out + 2.5 10:32

jumpy

<eminitrader> Covered all ES Short @ 1301 --> + 0.5

<asuni> very hard this morning 10:33

<szubaark> yes. Tight Range. typical newbie slaughter/broker get rich day. 10:34

<eminitrader> Shorts ES @ 1301.75

<szubaark> emini 3rd time is the charm?

Covered all Short NQ at 1568.25 --> 0

<eminitrader> lol

<szubaark> Buys NQ @ 1568.75 10:35

that gap causing a lot of problems again. 10:36

<eminitrader> one of the reasons szu...inconsistent trading.....

<szubaark> ES 1300.75 Support holding 10:38

<eminitrader> so far

<les> wm- i just decided i've had enough of this 10:40

em, i mean

<eminitrader> thinking of the same here les

<les> its real crap for my strats out there and been so since last wek

<szubaark> les u trading Real cash arent you?

<les> i am

i looked back at my stats on the strategies i run 10:41

thisd kind of bad run occurs on papaer about middle of each month

but not as poor as this

<eminitrader> well ..remember july/aug time frame may not be the best to run stats on ur strategies

<les> i think its to do with the mkt's revrsion to holiday season volatility

since the ME conflict ended last w/end 10:42

<szubaark> next week school starts so things should be back to normal

<les> right, em, but the me confict was articially raising volatility for this time of year

em - i run stats on my strategies all year round - tells me when not to trade 10:43

and thats what its saying now

so r the live trades

<eminitrader> itsw simple then les..now its vacation time...why u trading

<les> szu - when exactly does school start up again? 10:44

exactly em

i just stopped

<eminitrader> sept 06 here in mi

<les> i wanted to see if i could extract any level of profit in these conditions

<szubaark> Aug 28.. big boys should be back from their Exotic vacations by then

<les> thx szu

6th it is then

<eminitrader> no not sept 06 ..its afetr labor day wkend 10:45

<les> whens that?

29th?

<eminitrader> think thats the 5th les 10:46

<les> labour day?

<eminitrader> of sept..sorry abt the confusion

<les> oh boy

<marklc> short DAX 5808 10:49

out + 1.5

<Chilly> Shorts YM @ 11368 10:52

exit stop set YM @ 11378 10:53

* les is now known as lesAway

<szubaark> only reason im holding my Long is that gap above. 10:59

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<PapaJon> bush is done 11:00

<szubaark> Exited all Long NQ at 1565.25 --> - 3.5

Shorts NQ @ 1565.25 11:01

<Chilly> exit stop lowered YM @ 11372 11:06

YM5m hits T1 ... needs to slam down here and now 11:09

<szubaark> ES not giving it up

<Chilly> exit stop moved to breakeven YM @ 11368 11:10

indecision on YM 11:11

so, not going to mess with it

<szubaark> im just trying to breakeven for today and go do something else then watch this crap 11:13

<Chilly> good strategery! 11:14

<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)

<yo> lol 11:17

<eminitrader> Covered 2/3 ES Short @ 1300.75 --> + 1 11:18

holding 2 11:19

<Chilly> Trailing Stop Hit YM @ 11368 --> 0 11:21

<eminitrader> Covered Remainder ES Short @ 1301.75 --> 0

<szubaark> wasnt expecting today to be Impossible to trade 11:22

<eminitrader> down to 250 from 1000 11:23

<szubaark> emini one good trade and u going ++ for day..might have to wait til late in the day 11:24

<eminitrader> yes szu ..think thats waht i'm going to do 11:25

will probably take a 2 contract trade and try to hold ...think its going to be a downday..see no gap fill today 11:26

but this being the mrkt ..never know

Shorts ES @ 1301.75

hard to figure if its true strenght ..or . 11:30

<Chilly> Shorts YM @ 11365 11:37

exit stop set YM @ 11375 11:38

<szubaark> think we need Wizetrade software to trade this Lool 11:44

<Chilly> exit stop lowered YM @ 11363 11:45

<eminitrader> Covered all ES Short @ 1299.75 --> + 2

<Chilly> nice! 11:46

<eminitrader> lunch time now

<szubaark> nice emini.. im holding for more

<eminitrader> thx chilly ...still down for the day :(

may turn out to be a good hold szu... 11:47

<szubaark> just need better frikin followthru.. they murdering this

<eminitrader> its that time of the day

<szubaark> slow, controlled downdraft 11:50

exit stop set NQ @ 1565.25 11:52

Covered all Short NQ at 1563.25 --> + 2 11:59

losing my Patience. thats enough for today. 12:00

* szubaark is now known as szubaark_away

<Chilly> exit stop lowered YM @ 11353 12:06

<jperl> Not much action for me this morning..... 12:10

three shorts that went nowhere.... 12:11

http://charts.dacharts.com/2006-08-21/JP ERL_012.png

<Chilly> Trailing Stop Hit YM @ 11353 --> + 12 12:15

lunch ... bbl

<aym> Cover YM @ 11350 12:18

<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) 12:26

<eminitrader> Shorts ES @ 1301.50 13:07

Covered all ES Short @ 1301 --> + 0.5 13:27

one turd of a mrkt 13:28

<Chilly> market won't "sh.. or get of the pot", just sitting there, needs a bran muffin after last weeks feast 13:34

<szubaark_away> lol.. 13:35

<eminitrader> he he

peptobismol do it ? 13:36

<szubaark_away> or alka seltzer 13:37

<Chilly> diabolical scenario ... gap fill and crap down thru 2 day lows ... yes, would require pepto-fuel

<eminitrader> :)

<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) 13:38

<eminitrader> dont know if its just me but i find these gap days the toughest to trade ...the more the mrkt waits to fill the gap the tougher i find to call its direction 13:39

<Chilly> indeed

<szubaark_away> these gaps are just markets way of saying "no card counters allowed" 13:40

<Chilly> ha

<eminitrader> u put it nicely szu :) 13:41

\on that note i'm glad to be @ b/e today..less the commish 13:42

<Chilly> not much econ stuff this week 'till Wed. and Thurs. ....zzzzzzz 13:43

<pat255> hi guys..back @office

<eminitrader> but tommorow we may see some action..the way the mrkt is setting up..prolly an inside day today 13:44

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<Chilly> hope so

<pat255> wow hit high ...

<eminitrader> not even the globex high 13:45

<pat255> hmm sorry meant low..

narrow range since am..

<eminitrader> 300k plus contracts and less than 5 pt move on the ES so far :( 13:47

<szubaark_away> this is just floor boys pushing this

<pat255> guys any bias...?

<eminitrader> prolly taking out stops either way

my thoghts for today Pat [13:39] <+eminitrader> dont know if its just me but i find these gap days the toughest to trade ...the more the mrkt waits to fill the gap the tougher i find to call its direction 13:48

<jperl> TotalMarket in a downtrend today.... 13:50

http://charts.dacharts.com/2006-08-21/JP ERL_013.png 13:51

<pat255> yeah tricky here...mkt been in an uptrend...so taking a breather but trend is up ..but it seems the mkt is a bit extended in the tooth

<jperl> Note that TotalMarket has peaked its head above its Average price....

several times but then fell to below the 1st Stdev each time 13:52

<Chilly> little ledge forming on ES and ER2 5m ... humm? 13:53

<pat255> yes looks like it may fall off.. 13:55

S 1301.25 paper.. 14:01

<Chilly> Shorts YM @ 11358 14:14

<pat255> cover es 1 pt ...paper trade... 14:16

k biab ...back to work...ty all.. 14:19

<Chilly> exit stop set YM @ 11357

moving too slow for me 14:20

<pat255> yes chilly..

<Chilly> Trailing Stop Hit YM @ 11357 --> + 1 14:24

<szubaark_away> im stepping away from monitors..dont see anything tradable here. see u all tomorrow 14:29

<Chilly> c ya 14:30

* lesAway is now known as les 14:33

<asuni> ..0 14:36

sorry, my son 14:37

<Chilly> H&S on ER2 5m 14:41

<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) 14:47

<Chilly> Long YM @ 11362 15:11

exit stop set YM @ 11363 15:13

<eminitrader> Shorts ES @ 1301 15:14

<Chilly> too choppy for me

Trailing Stop Hit YM @ 11363 --> + 1

<eminitrader> Covered all ES Short @ 1302.50 --> - 1.5 15:38

<substanz> Shorts YM @ 11369 «« paper »» 15:42

Covered all YM Short @ 11376 --> - 7 «« paper »» 15:46

* Awash is now known as Awash_afk

<Chilly> gn 15:59

<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)

* DisconnectedSession Close: Mon Aug 21 22:07:48 2006 22:07

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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

Forex Currencies EurUsd, EurYen and UsdCdn

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

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

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

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