August 31st Thursday 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.
Trader's
Books
Videos
DVD
Audio
ER2 EuroFX EC +0.50 +0.0000 $50.00 $0.00 Accumulation
Today I increased my size because I had a strong bias a trend would develop in the a.m via the price reaction to the key economic reports and as a residual price reaction to the past few trading days...I was initially bearish and then the market convinced me I was wrong in my initial analysis.
Other than that, I've notice accumulation between particular price levels and because of such I have a belief the market will go higher.
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.comNote: 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: Thu Aug 31 08:27:25 2006Session Ident: #futurestrades * Now talking in #futurestrades 08:27 <X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm <NihabaAshi> Nothing to bite on and the volatility has died fast in the Eminis after such an important 0830am est key econ support. 08:42 It will be a very interesting first hour of trading today. <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> If volatility suspiciously become abnormal in comparison to the volatility in the first hour of yesterday... I will be doing some large size positions. 08:43 Simply, the big boys are going to be pushing the action big time and I want to ride their coat tails. Be back later... 08:44 * DisconnectedSession Close: Thu Aug 31 08:44:16 2006 Session Start: Thu Aug 31 09:28:30 2006Session Ident: #futurestrades * Now talking in #futurestrades 09:28 <X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm <pat255> gm all 09:32 <asuni> gm pat, yo, gm all <NihabaAshi> Shorts ER2 @ 723.80 -> large size 09:34 6 contracts only 09:35 Tightning my stops 09:37 It's not dropping as hard as I expected. Hopefully it can pick up more downward momentum. <szubaark_away> Buys NQ @ 1588.50 09:39 <NihabaAshi> Volatility acting weird again :( Covered ER2 Short @ 724.50 --> - 0.7 09:40 Reverse and Enter Long ER2 @ 724.50 Sponsor: As traders we must treat our trading like a business if we are to succeed as traders and as a business. Therefore, waiting till the last few weeks March to prepare for April's taxes is not good for your trading and could put extra stress on your trading during tax month or the months that follow if your one of those traders that filed an extension.. Therefore, its best to be on top of your taxes throughout the year and Traders Accounting is a great resource for such especially if you want to prevent penalties or an audit several years from now.
<szubaark_away> i got shitty entry but thing moved so quick <NihabaAshi> Long ER2 @ 724.80 -> Add 09:41 <deepitm> Yesterday my neighborhood lost power while I had a trade on. I keep a notebook handy with all acct #'s passwords and phone #'s of trading desk. One phone call and I was back in business. Make sure you have a backup plan. <NihabaAshi> deep...agree. It happened twice to me last year...lost power in my house while in the middle of a trade. 09:42 I now have a backup power system and a backup computer just in case. <pat255> yup need back up stuff when u trade large sizes 09:43 <NihabaAshi> A few years ago I lost about 3k on a large size position due to a power outage while trading at my condo. <deepitm> ouch <NihabaAshi> :( 09:45 <szubaark_away> crap, they wiggling this around <NihabaAshi> Long ER2 @ 723.80 -> Add 09:48 Total position now at 9 contracts...adds have one purpose...to help me stay in this trade because I'm bullish. 09:49 <pat255> wow that size will kill me .. <NihabaAshi> In the afternoon trading session...it could kill me too. 09:50 <szubaark_away> that white WRB on 5 minute i jumped on retraced almost 100% :( those are not worth chasing <NihabaAshi> It's getting too close to the 10am est key econ reports :( 09:51 * szubaark_away is now known as szubaark <szubaark> ER holding so far 09:52 <NihabaAshi> My script will post some incorrect info due to the adds...I'll post the correct info later after the trade is completely closed. 09:53 <pat255> k.. 09:54 <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) <NihabaAshi> YM trying to break down :( 09:56 <szubaark> Exited all Long NQ at 1584 --> - 4.5 :(( Shorts NQ @ 1584 Long not working 09:57 <NihabaAshi> Exited ER2 Long @ 725.30 --> + 2.3 09:59 +1.5 on 2 contracts from 723.80 and +0.50 on 1 contract from 724.80 10:00 Trading Edge: Trading Strategies -> These strategies will reveal and explain specific strategies from entry to exit that exploit inefficiencies in the price action of your trading instrument for profits in the following trading instruments: Emini Index Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Index Derivatives (DAX, ESTX50), Euronext Index Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Energy Futures (CL, NG, HO, QM), Forex Currencies (EurUsd, EurYen, UsdCdn), Exchange Traded Funds (DIA, GLD, OIH, IWM, QQQQ, SPY, XLE) and Hang Seng Index Futures (HSI) <szubaark> nice Niha. <NihabaAshi> Still holding the 6 contracts from 724.50 10:01 <les> Long ER2 @ 725.3 «« paper »» Exited 1/3 ER2 Long @ 725.8 --> + 0.5 «« paper »» exit stop set ER2 @ 723.9 «« paper »» <NihabaAshi> Their going to push it hard one way or the other...I just wanted to be on it and didn't mind a few losses to get there as long as the losses were smaller than what I normally get for a loss. If I'm correct...there should be very little pullback prior to it testing the 727 area. 10:02 If I'm wrong...I'm dumping my position. 10:03 <szubaark> Covered all Short NQ at 1589.25 --> - 5.25 :(( <aym> Short ER@ @ 726.3 risk 2 <szubaark> Shorts NQ @ 1587.25 <NihabaAshi> Times like today I wish I had access to one of those Sqawk Box services to hear what's occurring in the S&P pit. 10:04 <les> Exited 1/3 ER2 Long @ 726.2 --> + 0.9 «« paper »» 10:06 exit stop raised ER2 @ 725.4 «« paper »» 10:07 <szubaark> Covered all Short NQ at 1590 --> - 2.75 damn Buys NQ @ 1590 jerky,QUICK Reverses confusing 10:08 <NihabaAshi> Szu...I'm still trying to hold this trade...not very far up considering how fast ER2 can reverse. <les> Trailing Stop Hit ER2 @ 725.4 --> + 0.1 «« paper »» 10:10 <aym> Cover ER2 @ 725.3 10:11 <szubaark> Exited all Long NQ at 1586 --> - 4 :(( Shorts NQ @ 1586 <NihabaAshi> Exited ER2 Long @ 724.80 --> + 0.3 Holding 3 contracts. <deepitm> Shorts ER2 @ 725.4 <asuni> Shorts ER2 @ 724.70 «« paper »» 10:14 Covered 1/2 ER2 Short @ 72370 --> - 71645.3 «« paper »» 10:15 723.70 <szubaark> need this to TANK to make up my Huge losses <asuni> exit stop set ER2 @ 724.70 «« paper »» 10:16 Trailing Stop Hit ER2 @ 724.70 --> 0 «« paper »» 10:17 <deepitm> Covered all ER2 Short @ 724.4 --> + 1 10:18 <NihabaAshi> I've given this trade an "unusual" amount of breathing room... 10:19 I I've now grown tired of it :( ER2 volatility is dried up...expecting a volatility spike in a few minutes 10:22 Exited ER2 Long @ 724.20 --> - 0.3 10:23 Reverse and Enter Short ER2 @ 724.20 Oh oh...forgot there's an 1030am est Natural GAS report :( Covered ER2 Short @ 723.80 --> + 0.4 10:26 ER2 should be around 728 - 730 by now...very confusing price action. 10:28 <deepitm> Long ER2 @ 724 10:29 Exited all ER2 Long @ 722.6 --> - 1.4 10:33 <asuni> gap filled in er2 10:34 <szubaark> i was WAY TOO AGGRESSIVE this morning 10:35 <deepitm> should have kept my short <asuni> cu later 10:40 <deepitm> Long ER2 @ 723.1 <NihabaAshi> szu...this still smells like accumulation from yesterday between the levels of 720 - 723 10:48 Meant 719.50 - 723 10:49 If this drops into the low 719 or below...I'll know my analysis was wrong. <mispe> Long YM @ 11390 10:51 <szubaark> Covered all Short NQ at 1584.25 --> + 1.75 10:52 tough action got to be quicker then a mongoose <mispe> Exited 1/2 YM Long @ 11396 --> + 6 10:53 Exited Remainder YM Long @ 11395 --> + 5 10:54 <deepitm> Exited all ER2 Long @ 723.3 --> + 0.2 10:57 I need to get a plan :(( <szubaark> well.. first u need to know what to plan. if u a newbie just keep watching market. 10:58 u can have plan only after you've been watching this crap for a long time and blew your account a couple times LOL 10:59 <deepitm> I did ok trading index options in the past, but the bid/ask spread made it tough at time. 11:00 So I am trying futures - spreads much smaller easier to get in and out of. But now not sure if that is a good thing 11:01 <mispe> Shorts YM @ 11396 11:02 Covered all YM Short @ 11400 --> - 4 11:03 <deepitm> Exited my long too early 11:04 <szubaark> Shorts NQ @ 1584 <pdays> Shorts YM @ 11398 «« paper »» 11:06 <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) <mispe> Covered 1/2 YM Short @ 11391 --> + 5 11:09 <pdays> Covered all YM Short @ 11392 --> + 6 «« paper »» 11:10 <mispe> Covered Remainder YM Short @ 11393 --> + 3 11:12 <asuni> back 11:24 u flat niha? 11:25 Sponsor:
<szubaark> think he taking break 11:29 Covered all Short NQ at 1580.50 --> + 3.5 11:48 Buys NQ @ 1581 11:49 12 am chain stores sales 11:50 <NihabaAshi> asuni...I'm doing personal stuff (finishing up pulling the carpet to prepare for tomorrow's wood installation). Simply, I'm checking in on the charts every 30mins to see if anything is interesting. 11:51 I was aggressive in my trades this morning and it didn't pay off as plan... My trading day could be over. <asuni> see str room 11:52 <szubaark> Report in 5 minutews 11:53 Exited all Long NQ at 1581 --> 0 11:54 :(( Buys NQ @ 1582.75 12:04 Exited all Long NQ at 1582.75 --> 0 12:05 * szubaark is now known as szubaark_away <Awash> . 12:17 <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) 12:18 #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) 13:30 #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) 14:42 <les> Long ER2 @ 724 «« paper »» 14:44 wierd 14:46 now getting sigs in both directions :) the long still looks better tho <szubaark_away> repeat of all week, CHOP 14:47 les u back on paper? 14:48 <les> till next week decided to forgo the August chop season <szubaark_away> yup.. thats a tough nugget to crack 14:49 im actually down for August now with this week nailing me good. Was UP and got all happy Loool <les> Exited 1/3 ER2 Long @ 724.5 --> + 0.5 «« paper »» 14:51 exit stop raised ER2 @ 723.3 «« paper »» of course this trade will work cos i'm in sim 14:52 Exited 1/3 ER2 Long @ 724.8 --> + 0.8 «« paper »» 14:54 exit stop moved to breakeven ER2 @ 724 «« paper »» Exited Remainder ER2 Long @ 724.2 --> + 0.2 «« paper »» 15:03 <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) 15:51 <NihabaAshi> I just got back...looks like I'm missing a nice move hear. 16:01 Better take good notes and not chase it :) <GoodMood> gn all 16:02 <yo> i see niha 16:03 i have plote the axpansion stragety i my charts but there are a lot bars signals but the trick is witch one is te good one 16:08 http://ww1.pureupload.com/stfiles/1062/e r2.bmp 16:12 niha are you there? 16:16 <NihabaAshi> Yes...I am now. 16:20 <yo> k 16:21 yo see my chart? the dots are expansion bars imo 16:22 it that right? sorry if you are buzy i talk to you later, its 22.30 here time to go to bed 16:32 afther a drink of course 16:33 cya all 16:34 <NihabaAshi> Take care all and it was another busy day for me doing personal stuff. 16:54 Tomorrow will be my first day of being prepared to trade...no personal stuff to do :) 16:55 First day all week and I plan on being aggressive tomorrow. * 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) 17:03 * DisconnectedSession Close: Thu Aug 31 17:11:22 2006 17:11 Sponsor:
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:
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
"The point of this whole exercise is to make money. Everything else is just conversation." --Jonathan Hoenig
Home · · About Us · · Accolades · · Trade History
Discussion Forums · · Japanese Candlesticks · · Traders Library
Contact · · Feedback · · Privacy · · Disclaimer
Copyright © 2002-2006. The Strategy Lab. All rights reserved.
