#FuturesTrades September 6th Wednesday 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, trades being posted by members of #FuturesTrades in the below trade post chat log are by traders that do not have access to TheStrategyLab.com strategies except for NihabaAshi.
Fee-based clients of TheStrategyLab.com strategies use the private IRC rooms called #TheStrategyLab and #SwingTradingTSL.
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 +8.60 +0.0000 $860.00 $0.00 Trading Perspective
Today things were in control in comparison to yesterday morning trading session...very little stress and very little frustration.
By the way...in the Euro 2008 soccer qualifier match...
France 3 and Italy 1
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 September...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: Wed Sep 06 09:16:14 2006Session Ident: #futurestrades * Now talking in #futurestrades 09:16 <X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm <eminitrader> morn pat <pat255> gm niha emini yo & others 09:17 any bias this am...guys? 09:20 <Chilly> gm folks 09:21 <PapaJon> gm all 09:22 <Chilly> certainly going to be some big gap downs this morning for traders to deal with 09:23 <eminitrader> looks like an exhausion gap 09:33 <Chilly> meaning market is overbought and we're heading lower? 09:34 <eminitrader> yep and most prolly gap wont be filled.. <NihabaAshi> Shorts ER2 @ 721.90 -> small size 09:35 3 contracts only...intuition trade. <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) 09:36 <NihabaAshi> I'm being careful about a possible attempt at ER2 trying to fill in the overnight GAP or retrace the price action of the declines from the 0830am est key economic report release. 09:37 Thus, keeping my stops tighter than normal. Will also reverse my position earlier than normal if I sense my position is in trouble. <silo> hi folks 09:38 hey n iha <NihabaAshi> YM seems to be the only one with a mind of its own so far this morning. <pat255> yes,,,,er in trouble vn start niha ...dang thot will move up.. 09:39 <NihabaAshi> Covered 1/3 ER2 Short @ 721.50 --> + 0.4 <eminitrader> Shorts ES @ 1308.50 09:40 <yo> where is you stop niha? 09:41 <NihabaAshi> Covered 1/3 ER2 Short @ 720.80 --> + 1.1 <yo> nice <ItalianSharp> nice start niha 09:42 <eminitrader> Covered all ES Short @ 1308.50 --> 0 <NihabaAshi> yo...723.60 <yo> thnx <NihabaAshi> exit stop lowered ER2 @ 721.80 09:43 <eminitrader> Shorts ES @ 1308.50 <NihabaAshi> Trailing Stop Hit ER2 @ 721.80 --> + 0.1 09:44 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) <pat255> chop...sigh 09:45 <NihabaAshi> Shorts ER2 @ 720.90 -> small size 2 contracts only...intuition trade. 09:46 <Chilly> Shorts YM @ 11434 <pat255> vn niha ... <silo> niha.... you made 10 cents on er2 just now? <les> $10 09:47 per contract <NihabaAshi> Covered 1/2 ER2 Short @ 719.60 --> + 1.3 <silo> huh? <les> silo... er2 trades @ $100 per point 09:48 <eminitrader> Covered 1/2 ES Short @ 1307 --> + 1.5 <NihabaAshi> silo...trades posted in here are not in dollars. <szubaark> ER 1 point=$100 1 tick is $10 <NihabaAshi> They represent the actual tick increments. <jperl> TotalMarket opened very red.... http://charts.dacharts.com/2006-09-06/JP ERL_011.png <szubaark> welcome back jperl <jperl> tx....been away visiting my grandson in CT 09:49 <NihabaAshi> silo...you can find out the values in dollars for all the CME or CBOT futures at http://www.cme.com or http://www.cbot.com websites. exit stop lowered ER2 @ 720.80 <eminitrader> u a granddad jper..would never have guessed ...hope u had a good holiday with the family.. 09:50 <jperl> indeed I am.....when he visits me he helps me trade He likes when the bars all turn red 09:51 <eminitrader> :)) <silo> ah i see 09:53 <Chilly> Covered all YM Short @ 11433 --> + 1 <silo> so different futures have different regulations.. like for er 1 point is $100... for NQ it's something else ... etc? 09:54 <les> jperl...CT means Cape Town to me - my home town... i guess thats not where u went ?? <silo> wow.. no wonder people like to just concentrate on a certain stock... that way they wont get confused with all the differences <PapaJon> yes silo <jperl> CT is Connecticut in the US <les> right 09:55 <eminitrader> Covered ES Short @ 1307 --> + 1.5 09:58 Reverse and Enter Long ES @ 1307 <NihabaAshi> Covered Remainder ER2 Short @ 719.20 --> + 1.7 09:59 <szubaark> emini playing that gap fill? <eminitrader> no szu ..just a bounce of the 10 am data 10:00 dont expect gap fill today <szubaark> i meant gap fill from 9/01 in the 1306-1307 Area 10:01 Looks like they filled that gap just now, so we stalling here 10:02 <eminitrader> didn't know abt that szu ...thx for the info Exited 1/3 ES Long @ 1308 --> + 1 10:03 <szubaark> Im pretty trigger shy right now.. had a few bad days in a row. <jperl> ER2 at VWAP 720.60 <silo> chilly, eminitrader, are you guys trading the similar style as nihabashi? 10:05 <jperl> http://charts.dacharts.com/2006-09-06/JP ERL_012.png <Chilly> I'm new here, don't know niha's style yet, sorry 10:06 <jperl> blue line is VWAP, red, green are STandard Deviations <eminitrader> didn't we talk abt it yest..silo <silo> eminitrader, which of niha's strategies are you applying to your trading? 10:07 <NihabaAshi> silo...most n here have their own methods. 10:08 <szubaark> silo, as far as i can tell everyone in here has different style based on their psychological makeup. <NihabaAshi> I myself don't know what most in here are using except for bits and pieces of stuff. <eminitrader> none as of now ..like i mentioned yesterday ..i participate in this room <NihabaAshi> Example, jperl uses something involving VWAP. 10:09 <szubaark> emini Ill Short around the 1309 Area 10:11 <eminitrader> Exited ES Long @ 1308.50 --> + 1.5 Reverse and Enter Short ES @ 1308.50 right on szu :) 10:12 nq res to 97 <Chilly> Shorts YM @ 11435 10:13 <szubaark> Shorts NQ @ 1592.25 10:15 <NihabaAshi> Shorts ER2 @ 719.50 -> small size 10:17 1 contract only...intuition trade. <Chilly> er2 only thing moving today, inho 10:18 <NihabaAshi> :( 10:20 There's no 1030am est EIA Petroleum Status report today due to Monday's holiday. It will be tomorrow. <Chilly> exit stop set YM @ 11450 10:21 <NihabaAshi> Thus, there's usually some volatiltiy around 1030am est due to the fact some traders forgot it is re-scheduled fro tomorrow. Traders like me :( <silo> what's vwap? 10:22 <jperl> VWAP= Volume Weighted Average Price for the day 10:23 <NihabaAshi> Covered ER2 Short @ 720.40 --> - 0.9 Reverse and Enter Long ER2 @ 720.40 2 contracts <jperl> I like it because it is the same on all charts independent of time 10:24 <Chilly> Covered all YM Short @ 11434 --> + 1 10:26 <jperl> Here is todays 1 min chart of ER2 showing the VWAP (blue).... and its Standard Deviations (red,green).... http://charts.dacharts.com/2006-09-06/JP ERL_013.png 10:27 I will usually trade short when price action is below VWAP and long above 10:28 I don't initiate trades when price sits near VWAP like right now <eminitrader> Shorts ES @ 1308 -> Add 10:29 <NihabaAshi> Exited ER2 Long @ 720.00 --> - 0.4 10:30 Reverse and Enter Short ER2 @ 720.00 <silo> and is that an indicator you programmed? <jperl> yes <NihabaAshi> Shorts ER2 @ 719.70 -> small size 10:31 1 contract add. <eminitrader> i'mholding 6 short avg 1308.25 10:32 <NihabaAshi> Covered 1/3 ER2 Short @ 718.60 --> + 1.1 <eminitrader> Covered 1/2 ES Short @ 1306.50 --> + 1.5 <pat255> vn guys .. 10:33 <NihabaAshi> Covered 1/3 ER2 Short @ 719.90 --> +1.8 10:35 Sponsor: Still holding 1 contract. <silo> niha, in some of these trades where you only made 20 bucks or so... did you get out because you reached PT1 (wrb) or what.... 10:38 <szubaark> watching NQ for low test.. its holding up well here :(( 10:44 <eminitrader> so is the ES ..maybe waiting for NQ 10:45 <szubaark> exit stop moved to breakeven NQ @ 1592.25 10:46 breakeven in case it snaps back up <eminitrader> tight one right = tight <Chilly> Long ER2 @ 718.40 10:48 <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> there we go :)) <szubaark> looks like theu wont go down without scooping up as many daytraders as they can <Chilly> exit stop set ER2 @ 717 <eminitrader> lol 10:49 <szubaark> emin what u call "shakin' the tree" <eminitrader> true szu <szubaark> its just a game of pac-Man <Chilly> Trailing Stop Hit ER2 @ 717 --> - 1.4 <eminitrader> Covered 2/3 ES Short @ 1305.50 --> + 3 10:50 holding 1 <les> on days like these - i think its better not to attempt reversal trades, unless there's a very clear signal <szubaark> nice emini! <Chilly> scooped me up quick they did <eminitrader> thx szu.. <szubaark> Chilly, thats the name of the game. <les> i'm getting a few sigs, but they are quite iffy - rather leave them alone 10:51 <eminitrader> there never was a long here at least on the NQ and ES ...one was waiting for the other ...like szu said prolly ;lot of them mistook it for supp may see a rebound now 1305 supp for ES 10:52 <szubaark> 1590 NQ now Resistance.if breaks ill exit my Short 10:53 textbook Support becomes Resistance Covered all Short NQ at 1590.25 --> + 2 10:54 <eminitrader> nice :) <szubaark> thx. 10:55 <eminitrader> a couple more and u shld be back in biz 10:56 <pdays> Long YM @ 11424 «« paper »» <szubaark> actually.. im cutting way down on my trades.. being VERY SELECTIVE 10:57 <pdays> Exited all YM Long @ 11429 --> + 5 «« paper »» <les> me too szu - so selective i aint even trading 10:58 and i sposed to go back live 2day 10:59 well here's my take on that one: <eminitrader> dont ignore valid signals in this process szu..just ensure ur entry rules are rigid but apply the same to all valid entries <les> I RESERVE THE RIGHT NOT TO PRESS THE BUY OR SELL BUTTONS seems to work :) 11:00 <szubaark> besides.. they did their selling at night when we were sleeping. this is too tight now. taking a break 11:01 * szubaark is now known as szubaark_away <NihabaAshi> Looks like a voltility spike :( 11:05 <pat255> k guys have to leave now ...back to office ty all.. 11:08 catch u all later ..may be from office .. <jperl> Not much action for me this morning....just a few nibbles... 11:13 Here are the executions.... <NihabaAshi> I'm going to be taking a long lunch break today. <jperl> http://charts.dacharts.com/2006-09-06/JP ERL_014.png <NihabaAshi> Hopefully ER2 can retest the 717.00 price area before I leave for lunch. 11:14 <eminitrader> Covered ES Short @ 1306 --> + 2.5 11:16 Reverse and Enter Long ES @ 1306 <Chilly> Long ER2 @ 718.60 11:29 <eminitrader> Exited all ES Long @ 1306 --> 0 11:30 done for now <silo> man you guys are making 100 bucks like it's nothing huh? how much are you all up today so far <eminitrader> back later <NihabaAshi> Covered Remainder ER2 Short @ 716.90 --> + 2.8 11:38 Be back later...gotta do some personal stuff like restock up on some business supplies. 11:39 * 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) 12:00 <Chilly> Exited all ER2 Long @ 717.70 --> - 0.9 12:24 sorry, that's a late post on earlier trade ... got called away 12:25 inconsistent trading puts me flat over past 3 days * les is now known as lesAway 12:32 <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) 13:09 <GoodMood> Test 13:15 <silo> hey 13:25 <eminitrader> Shorts ES @ 1306.75 13:28 <silo> welcome back eminitrader 13:37 <eminitrader> what's upsilo 13:38 <silo> nothing dicking around <eminitrader> lol <silo> you? 13:39 <eminitrader> how's the learning going ? <silo> http://www.investopedia.com/university/f utures/futures4.asp i'm reading up on futures right now have been studying nihabaAshi's advanced white bullish hammer pattern lately also do you trade his styles at all? <eminitrader> no but we may have some set-ups in common 13:40 <silo> oh really like what <eminitrader> have no idea ...but we do have identical trades sometimes.. 13:41 <szubaark> Shorts NQ @ 1588 13:51 exit stop moved to breakeven NQ @ 1588 13:56 touching the uptrendline of the channel here if they walk up thru this channel ill get stopped out as they keep it usually tight. 13:58 ER holding up well 13:59 Covered all Short NQ at 1588 --> 0 14:00 <eminitrader> looks like u got shook out szu 14:01 <szubaark> yup.. bastids keep it tight.. NO ROOM for mistakes <eminitrader> Covered 1/3 ES Short @ 1305.75 --> + 1 yep ..u had an excellent entry 14:02 <szubaark> Buys NQ @ 1588 14:03 nice candle,huh? :))) frikin spike from hell 14:04 <eminitrader> still @ resto 90 <szubaark> emini i see double bottoms on ES,NQ,ER they "could" be going for the gap 14:05 <eminitrader> unlikely today ...but u never know 14:06 szu the retest is very close to the low 14:07 mean the time betn low and the retest of that low <szubaark> so far no higher low 14:10 i mean higher low <eminitrader> more like resumption of am trend 14:11 till lod id tested <szubaark> damn they shook me out on my Short 14:12 <eminitrader> stop a coulpe of ticks above 89 wld have been good 14:13 Covered 1/3 ES Short @ 1304.25 --> + 2.5 14:14 szu u still long? 14:19 <szubaark> Exited all Long NQ at 1583.25 --> - 4.75 :(( Shorts NQ @ 1583.25 <eminitrader> ES testing low <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) 14:21 * lesAway is now known as les 14:25 <szubaark> Covered all Short NQ at 1586.75 --> - 3.5 * szubaark is now known as szubaark-away <Chilly> ES 15m = 2B TOB ... humm ... pass or fail ;) 14:27 * NihabaAshi_away is now known as NihabaAshi 14:32 <silo> wb niha 14:34 <les> Shorts ER2 @ 716 14:38 Covered 1/3 ER2 Short @ 715.5 --> + 0.5 14:40 exit stop lowered ER2 @ 716.3 14:41 exit stop set ER2 @ 717.3 posted wrong stop 14:42 <eminitrader> Covered Remainder ES Short @ 1303.75 --> + 3 done see u all tommorow <yo> nice emini <eminitrader> thx yo <asuni> cu emini <silo> ---------wow this is dangerous 14:43 is this true? <Chilly> later Big E <eminitrader> thx asuni bye chilly <silo> later emini 14:44 <les> Covered Remainder ER2 Short @ 716 --> 0 damn 14:45 saw a signal for a long <yo> asuni i think you have helpt me today in the ts forum,isn't it? <les> just in time to ditch the short, but too late to take the long <asuni> i think if talking about werner <yo> my name is werner <asuni> :-) <yo> :) 14:46 <silo> you too trade with nihabaAshi's trading method? <yo> the world is small asuni lol <asuni> yo pm 14:47 <les> there goes the lod on er2 14:54 plus the rest niha - looks like we heading to fill that gap on the daily on 29th august 14:55 <NihabaAshi> Yes...I was looking at that a few minutes ago. <les> hehe - i been looking at it all day :)) 14:56 unfortunately i cant find any short signals right now <NihabaAshi> If it doesn't and turns northwards over the next few trading days... We could see a retest of the highs from early May. 14:57 <les> well - that may happen even after the gap fills <NihabaAshi> If that happens...ER2 should be able to hit those highs in 30 - 45 days. <les> i often see a gap partially fill, then the action turns away from it 14:58 so thats another scenario Shorts ER2 @ 714.1 15:03 Covered all ER2 Short @ 714.8 --> - 0.7 15:08 <silo> anyone still around? 15:18 <codehead> YM long 11406 <paper> 15:21 was out most of the day, too late to trade real exit half YM +5 <paper> 15:27 taking too long but has a nice inverted ghost pattern on cci exit -1 remainder <paper> 15:29 <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) 15:33 <asuni> cu all tomorrow 16:01 <NihabaAshi> In the Euro 2008 Qualifier Match in soccer... 16:49 France 3 goals and Italy 1 goal at the 84' minute mark. <silo> well i'm out ... later niha 16:57 <NihabaAshi> France wins. 17:04 Take care all and see all tomorrow. * DisconnectedSession Close: Wed Sep 06 17:04:48 2006 Sponsor:
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