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

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August 28th 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

Today was set aside as a personal day to do a tone of paper work (insurance, medical and dental research) along with being a major day to throw out big household trash.

I usually due the bulk of my personal stuff like this on a Monday that has only bill announcements as regular schedule market events or trading days when there are no key economic reports nor events because these types of trading days tend (more often than not) to be range bound or tight trading range.

However, today beat the odds and produced a trend day but I did manage to do one profitable short position trade early in trading day before doing my personal stuff.

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 such is represented by a particular type of price action from one of the key markets. You can view the charts and their clues that's associated with the key price action at our key market archives.

Session Start: Mon Aug 28 09:34:02 2006Session Ident: #futurestrades

* Now talking in #futurestrades 09:34

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

<pat255> any reports today?

<PapaJon> no none 09:36

<eminitrader> morn all 09:38

<NihabaAshi> Shorts ER2 @ 701.50 -> small size

<pat255> hi emini

<eminitrader> morn pat

<NihabaAshi> 3 contracts only

<pat255> nice niha was looking L.... 09:41

<NihabaAshi> Covered 1/3 ER2 Short @ 700.40 --> + 1.1 09:42

<eminitrader> Shorts ES @ 1297 09:45

<szubaark> Buys NQ @ 1563

<NihabaAshi> Covered Remainder ER2 Short @ 701.40 --> + 0.1 09:49

<eminitrader> Shorts ES @ 1298 -> Add 09:50

Shorts ES @ 1299 -> Add 09:52

<szubaark> Exited all Long NQ at 1566.50 --> + 3.5 10:03

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<eminitrader> Shorts ES @ 1300 -> Add 10:08

last one ..holding 5

<pdays> Shorts ER2 @ 703.6 «« paper »» 10:10

<substanz> Shorts YM @ 11328 «« paper »» 10:13

<pdays> Shorts ER2 @ 704.1 -> Add «« paper »» 10:20

<szubaark> Shorts NQ @ 1566.50

<eminitrader> Covered all ES Short @ 1300 --> - 3 10:22

<substanz> Covered all YM Short @ 11338 --> - 10 «« paper »»

<szubaark> Covered all Short NQ at 1568.25 --> - 1.75

<eminitrader> thats 1.25 pts on 5 contracts :((

<pdays> Covered all ER2 Short @ 704.6 --> - 1.5 «« paper »»

<eminitrader> Shorts ES @ 1301.50 10:26

Covered all ES Short @ 1302.25 --> - 0.75 10:28

<pat255> guess now bu the p/b...? 10:32

bu=buy

<eminitrader> u mean where to buy ?

<pat255> yeah ...

washoping for retrace but missed it.. 10:33

<eminitrader> i'll wait for the initial swing to complete

<szubaark> they not giving any pullbacks to buy.. this is orchestrated up move

no news today either

<pat255> prolly szu

<eminitrader> thats what sucks ..no reason for pullback... 10:34

and the buyers r prolly holding ...no decent pullbacks

<pat255> niha ..any comment on this move up? 10:36

<Chilly> fwiw, "investors are embracing the biggest one-day pullback in oil prices in two weeks" ... briefing.com 10:38

<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) 10:39

<eminitrader> where oil at ?

<Chilly> 70.75 down over 2%

<eminitrader> k thx 10:40

<Chilly> Ernesto downgraded to tropical storm

<eminitrader> guess oil waiting for aug 31

<szubaark> Shorts NQ @ 1573.50 10:45

<pdays> Shorts YM @ 11361 «« paper »» 10:54

<eminitrader> nice entry szu... 10:55

<szubaark> thanks.. looking to take profit soon as its against the trend 10:56

<eminitrader> surprising , even the NQ doest not have a decent pullback so far 10:57

<szubaark> Covered all Short NQ at 1571.25 --> + 2.25 10:58

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<eminitrader> nice going today szu:) 10:59

<szubaark> thanks.. 11:00

<eminitrader> Shorts ES @ 1303.50

<szubaark> ES needs to hold here for Shorts 11:02

<eminitrader> if it breks 1306 and then 1308 ..then its going to make a very large move ..

will add upto 1305 with stop 1306.25 11:03

<asd> Short ER2 @ 707.7 risk 2 11:04

<Chilly> Shorts ER2 @ 706.70 11:07

<asd> Cover ER2 @ 706.7 11:08

<szubaark> be back in pm

* szubaark is now known as szubaark_away

<eminitrader> see u later

<Chilly> exit stop set ER2 @ 707.90 11:10

<substanz> Shorts YM @ 11356 «« paper »» 11:21

<Chilly> exit stop lowered ER2 @ 707.30 11:25

exit stop lowered ER2 @ 706.60 11:32

Trailing Stop Hit ER2 @ 706.60 --> + 0.1

<eminitrader> nice chilly 11:34

thats 1.3 right..

<Chilly> nope, .1, didn't crack so had to bail ... now it will go 11:35

<eminitrader> k 11:36

<Chilly> asd made the $

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<eminitrader> sorry t707.9 was ur stop..got it 11:37

Covered 1/2 ES Short @ 1302.50 --> + 1 11:40

Covered ES Short @ 13092.25 --> - 11788.75 11:43

Reverse and Enter Long ES @ 13092.25

Covered ES Short @ 1302.25 --> + 11790 11:44

Reverse and Enter Long ES @ 1302.25

<substanz> Covered all YM Short @ 11358 --> - 2 «« paper »» 11:46

<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) 11:48

<eminitrader> Exited 1/2 ES Long @ 1303.75 --> + 1.5 11:51

<pat255> vn emini 11:52

<Chilly> yeah, nice!

<eminitrader> thx pat ..still down for the day though

<pat255> me too...:( 11:53

<eminitrader> Exited Remainder ES Long @ 1304.75 --> + 2.5

now for the coomish :))

waiting for fill 1304.75 to short ...should have reversed 11:55

Shorts ES @ 1304.75 11:56

Shorts ES @ 1305.50 -> Add 11:57

exit stop set ES @ 1306.25

think this will be hod 11:58

<Chilly> Shorts ER2 @ 707 12:15

<eminitrader> Covered ES Short @ 1305.25 --> - 0.5 12:16

Reverse and Enter Long ES @ 1305.25

15 min chart set-up ..looking for a b/o ..but vol a pb 12:17

will reverse if stop hit @1304 12:18

<Chilly> exit stop set ER2 @ 708.50

bad fill, but will ride it out for now 12:20

<eminitrader> need a vol suge to breka this res 1306-1308 12:23

<pat255> emini vol is low today tho..

<eminitrader> true pat ..but may pick up if res is taken out

<pat255> yes 12:24

<eminitrader> Exited 1/3 ES Long @ 1306.25 --> + 0.75

<Chilly> Trailing Stop Hit ER2 @ 708.50 --> - 1.5

Shorts ER2 @ 707.40 12:29

<eminitrader> Long ES @ 1304.50 -> Add

Exited ES Long @ 1304.75 --> - 0.5 12:32

Reverse and Enter Short ES @ 1304.75

thats a key reversal bar on both nq and es 3 min 12:33

<PapaJon> bye all... i am gone for week.. cya all next week

<eminitrader> should break 1304 to create some sell pressure 12:38

* szubaark_away is now known as szubaark 12:43

<szubaark> im making sure i dont touch anything in this Low Volume period... they could be even done for today, just chop the newbies rest of day 12:44

<eminitrader> very true szu .. 12:45

<pat255> right szu..

<szubaark> emkni.. that Long i took this morning was watching ES double bottom at opening.

ive been watching the ES closely lately, and it really leads all the other markets i feel. 12:46

ES double Tops, NQ,YM,ER go DOWN

<eminitrader> didn't observe that szu...only follow NQ 12:49

and still believe nq = leading indicator 70% of the time 12:50

thats wrt the ES

no fill @b/e so far :( 12:53

<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) 13:00

<eminitrader> looks likely to drop 13:01

<pat255> chop chop ...

am trade was the best ...but i was on the wrong side..:( 13:02

<eminitrader> yep...time for a retrace from high

<pat255> yes ..low vol may drop 13:03

<eminitrader> Covered Remainder ES Short @ 1304.75 --> - 0.25 13:06

<szubaark> watching for 1304.25 last test for Long 13:18

<eminitrader> i'm done szu ...will live with a loss for the day 13:19

<szubaark> good discipline.

emini why were u so bearish today?

<eminitrader> tough one to answer szu...just being subjective .. 13:20

<szubaark> Buys NQ @ 1574.50 13:24

volatility spike should be coming up 13:33

Exited all Long NQ at 1574 --> - 0.5 13:36

getting the hell out of there

<Chilly> exit stop set ER2 @ 707.30 13:42

Trailing Stop Hit ER2 @ 707.30 --> + 0.1 13:52

<szubaark> Buys NQ @ 1578 13:58

<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) 14:09

<Chilly> Shorts ER2 @ 708.40 14:10

exit stop set ER2 @ 709.80 14:12

<szubaark> Exited all Long NQ at 1575.75 --> - 2.25 14:18

:((

bought the High of day :((

Shorts NQ @ 1576

lets see if they TANK it now 14:19

<Chilly> oil closes in a few minutes, maybe there will be some profit takers 14:26

<szubaark> Covered all Short NQ at 1575 --> + 1 14:35

* szubaark is now known as szubaark_away

<substanz> Long YM @ 11382 «« paper »» 14:50

<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) 15:21

<substanz> Exited all YM Long @ 11381 --> - 1 «« paper »» 15:30

<Chilly> Covered all ER2 Short @ 708.30 --> + 0.1 15:57

<NihabaAshi> I've been doing tons of personal stuff today. 16:15

Take care all and I may not trade the morning trading session tomorrow but will be here for the afternoon trading session. 16:16

Hopefully I can squeeze in a few trades in the morning so that I don't have to trade in the afternoon.

<yo> k see you tomorrow 16:25

<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) 16:33

* DisconnectedSession Close: Mon Aug 28 17:08:09 2006 17:08

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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

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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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