#FuturesTrades September 13th 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 +5.40 +0.0000 $540.00 $0.00 Trading Perspective
I didn't see any key market price action worth discussing today.
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 13 04:03:18 2006Session Ident: #futurestrades * Now talking in #futurestrades 04:03 <X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm #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) 08:17 <asuni> gm all 08:50 * DisconnectedSession Close: Wed Sep 13 09:19:16 2006 09:19 Session Start: Wed Sep 13 09:31:45 2006Session Ident: #futurestrades <deepitm> Shorts YM @ 11570 09:32 <silo1> damn market is tanking huh? 09:33 <les> wow - i'd be surprised if we fill yestertday's wrb gap this soon 09:34 but i guess its happened before :) <pat255> missed entry ...sigh <PapaJon> that would be one heck of a gap fill ... <eminitrader> he he 09:35 <les> its gonna happen some time <pat255> @ofice ..slow dial up connection.. <les> Long ER2 @ 731.2 «« paper »» 09:36 Exited all ER2 Long @ 731 --> - 0.2 «« paper »» 09:38 <szubaark> . 09:45 <pat255> no tellinf this mkt wants up...lol 09:48 <eminitrader> Shorts ES @ 1325.75 <les> Long ER2 @ 734.1 «« paper »» Long ER2 @ 733.9 -> Add «« paper »» 09:49 <pdays> Shorts YM @ 11593 <les> Long ER2 @ 733.8 -> Add «« paper »» 09:50 <deepitm> Shorts YM @ 11593 -> Add 09:53 <NihabaAshi> Shorts ER2 @ 733.60 -> small size 09:56 1 contract only <les> Exited ER2 Long @ 733.2 --> - 0.9 «« paper »» 09:58 Reverse and Enter Short ER2 @ 733.2 «« paper »» <NihabaAshi> Covered ER2 Short @ 733.50 --> + 0.1 09:59 <les> Shorts ER2 @ 733.4 -> Add «« paper »» Covered 1/3 ER2 Short @ 732.9 --> + 0.5 «« paper »» 10:00 <NihabaAshi> Shorts ER2 @ 732.30 -> small size 10:01 <les> Shorts ER2 @ 732.8 -> Add «« paper »» <szubaark> RED ALERT <NihabaAshi> 1 contract only <les> Covered 1/3 ER2 Short @ 732.2 --> + 0.6 «« paper »» 1 left exit stop lowered ER2 @ 733 «« paper »» 10:02 <eminitrader> Covered 1/3 ES Short @ 1324.75 --> + 1 10:04 <les> Trailing Stop Hit ER2 @ 733 --> + 0.2 «« paper »» <NihabaAshi> We got key market events today at 1030am, 1100am and 2pm est. 10:05 <szubaark> nice emini.. good entry at PDH <eminitrader> thx szu 10:06 <pdays> Covered all YM Short @ 11587 --> + 6 10:07 <les> Long ER2 @ 732.9 «« paper »» 10:08 Long ER2 @ 732.7 -> Add «« paper »» 10:10 Exited 1/3 ER2 Long @ 733.5 --> + 0.8 «« paper »» <NihabaAshi> Covered ER2 Short @ 733.50 --> - 1.2 Reverse and Enter Long ER2 @ 733.50 <pat255> L er 733.4 <les> Long ER2 @ 733.3 -> Add «« paper »» 10:11 <pat255> tight stop.. <NihabaAshi> Volatility should pick up in about 5 mins. 10:12 Reason why I'm sticking to 1 contract trades until volatilty shows up. 10:13 Exited ER2 Long @ 732.30 --> - 1.2 10:14 Reverse and Enter Short ER2 @ 732.30 3 contracts only <les> Exited ER2 Long @ 731.9 --> - 1 «« paper »» Reverse and Enter Short ER2 @ 731.9 «« paper »» Shorts ER2 @ 732.1 -> Add «« paper »» 10:15 <pat255> k guys biab...work...:( ty all 10:16 <eminitrader> just noise so far ..taking out stops both ways 10:19 <NihabaAshi> After Monday and Tuesday price action...feels a little like all the trading is done :( <eminitrader> prolly till the next fomc <NihabaAshi> emini...starting to agree with your analysis about noise. 10:20 <szubaark> any trade here is a nail biter <eminitrader> unless u have a good entry <les> Shorts ER2 @ 733 -> Add «« paper »» 10:21 <NihabaAshi> Exited ER2 Long @ 732.80 --> + 0.5 10:23 Reverse and Enter Short ER2 @ 732.80 Ooops...that's a long...will correct. Covered ER2 Short @ 732.80 --> 0 -0.50 on the Short and I'm Long @ 732.80 10:24 Long ER2 @ 732.80 -> small size <szubaark> Buys NQ @ 1639.75 10:27 <NihabaAshi> Exited 1/3 ER2 Long @ 734.00 --> + 1.2 10:28 <les> Covered all ER2 Short @ 733.3 --> - 1.7 «« paper »» 10:29 <NihabaAshi> Exited ER2 Long @ 733.00 --> + 0.2 10:30 Reverse and Enter Short ER2 @ 733.00 Shorts ER2 @ 733.20 -> Add 10:32 <szubaark> Exited all Long NQ at 1636.75 --> - 3 Shorts NQ @ 1636.75 <NihabaAshi> Covered 1/3 ER2 Short @ 732.00 --> + 1.2 10:33 Covered 1/3 ER2 Short @ 731.70 --> + 1.3 10:36 ER2 volatility drying up. <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) 10:37 <NihabaAshi> Tightning up my trailing stop. 10:39 <eminitrader> Covered 1/3 ES Short @ 1323.75 --> + 2 10:42 <NihabaAshi> I was not expecting this type of price reaction to retrace the earlier up movement in ER2. 10:44 I thought I would get about 1 - 1.5 points if it went my way. Covered Remainder ER2 Short @ 729.80 --> + 3.2 10:46 <eminitrader> Covered ES Short @ 1323.25 --> + 2.5 Reverse and Enter Long ES @ 1323.25 Exited 1/2 ES Long @ 1324.50 --> + 1.25 10:54 Exited ES Long @ 1324.25 --> + 1 10:58 Reverse and Enter Short ES @ 1324.25 <silo1> damn niha, you're killing ER2 10:59 <NihabaAshi> Not really, I'm still below my goals for the day. 11:01 <eminitrader> Covered all ES Short @ 1324.75 --> - 0.5 11:03 <les> Shorts ER2 @ 732.5 «« paper »» 11:12 <deepitm> Gotta run for now. Still holding short position 11:13 <les> Shorts ER2 @ 732.9 -> Add «« paper »» Shorts ER2 @ 732.4 -> Add «« paper »» 11:14 <szubaark> feels like im watching Pong 11:15 wanted more points, didnt take profit at low of day test now sweating this Short 11:16 lest test low again 11:21 Covered all Short NQ at 1641.75 --> - 5 11:27 :(( Buys NQ @ 1641.75 exit stop set NQ @ 1639.75 11:31 <les> Shorts ER2 @ 733.8 «« paper »» 11:32 Covered ER2 Short @ 734.6 --> - 0.8 «« paper »» 11:36 Reverse and Enter Long ER2 @ 734.6 «« paper »» Exited ER2 Long @ 733.5 --> - 1.1 «« paper »» 11:42 Reverse and Enter Short ER2 @ 733.5 «« paper »» <eminitrader> Shorts ES @ 1326 11:43 <les> Shorts ER2 @ 733.3 -> Add «« paper »» 11:44 <szubaark> Exited all Long NQ at 1639.75 --> - 2 <les> Covered 1/2 ER2 Short @ 732.8 --> + 0.5 «« paper »» 11:45 <szubaark> Done.. reached my Max Loss For day Again. back to the drawing board. <silo1> damn szu :( <szubaark> silo, you need PERFECT entries in this tight market as there is no frikin followthru 11:46 <Chilly> Shorts ER2 @ 732.80 11:47 <les> Shorts ER2 @ 733.2 -> Add «« paper »» <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) 11:49 <silo1> i'm not trading today 11:50 no earnings candidates for me today :D consider me luck :D hehe <szubaark> u got futures, everyone's doing it! :) <silo1> haha not yet... i definetly want to try it in the future though 11:52 <les> Shorts ER2 @ 733.8 -> Add «« paper »» 11:53 Covered 1/3 ER2 Short @ 733.3 --> + 0.5 «« paper »» 11:54 <silo1> how do you guys show all the trades you're doing... do you guys have a special script for it <les> silo...look at niha's website 11:55 <szubaark> yes.. u can download it from The Strategy Lab <les> the script is posted there that enables u to post trades <silo1> cool 11:56 <eminitrader> Covered all ES Short @ 127 --> + 1199 Covered all ES Short @ 1327 --> - 1 <szubaark> they doing just enough to shake you out. 11:57 trend is up, but its pain in the butt to catch any of it. shake outs are Unbelievable and TIGHT 11:58 <eminitrader> ES testing weekly high 1327.75 12:00 <Chilly> Covered all ER2 Short @ 734.90 --> - 2.1 12:01 they picked me out again, lol 12:02 <les> Shorts ER2 @ 734.1 -> Add «« paper »» 12:04 <eminitrader> be careful les ..price action very similar to yest.. 12:05 <les> i know 12:06 <eminitrader> has a long trade at the lows ..if it were still on ...:(( 12:11 u still in szu .. 12:13 * les is now known as lesAway 12:18 <Chilly> Shorts ER2 @ 735.80 12:39 <eminitrader> Long ES @ 1327.75 12:56 <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) 13:02 <NihabaAshi> Long ER2 @ 735.60 -> small size 13:04 2 contracts <Chilly> exit stop set ER2 @ 735.90 13:32 Trailing Stop Hit ER2 @ 735.90 --> - 0.1 13:34 <NihabaAshi> Exited 1/2 ER2 Long @ 736.20 --> + 0.6 13:36 <eminitrader> Exited 1/3 ES Long @ 1328.75 --> + 1 <substanz> Shorts YM @ 11621 «« paper »» 13:39 <szubaark> not trading..just watching.. took my max beating already 13:44 <eminitrader> so fae similr pattern like yest...on the ES .. 13:52 <NihabaAshi> Exited Remainder ER2 Long @ 737.10 --> + 1.5 14:02 <eminitrader> Exited 1/3 ES Long @ 1329.75 --> + 2 14:05 <asuni> nice trade, niha and emini. when u are in the same direction u kill the markets :-) 14:06 <eminitrader> thx asuni...same set-up like yest..that i chased <szubaark> ER gave a nice double bottom hold on that pullback 14:07 734.70 Low i got to wait for setups like that not trading this low probability crap ive been trading!! 14:08 frikin chasing (IN HINDSIGHT) <eminitrader> es did not even pullback 40%... if ES pullbacks now ..could be large 14:09 <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) 14:11 <substanz> Covered all YM Short @ 11630 --> - 9 «« paper »» 14:15 <eminitrader> Exited ES Long @ 1329.25 --> + 1.5 14:17 Reverse and Enter Short ES @ 1329.25 exit stop set ES @ 1330.25 14:18 will hold for some time looks like a tank is coming.......... 14:19 needs to break 1327 14:21 <Chilly> yeah, looks to me like rising wedges.. ultimate downside target would be LOD .. but that might be too diabolical to expect the way things have been holding up :) 14:30 <eminitrader> true chilly 14:31 tough mrkt for shorts :(( 14:32 <Chilly> but lots of fuel if it cracks to the downside, imho 14:33 <eminitrader> NQ now trying to get in sync with ES but like u said before mrkt holding real well 14:34 <pat255> emini any L side trades today? 14:36 <eminitrader> made most of the money today on longs 14:38 Covered all ES Short @ 1330.25 --> - 1 <pat255> nice...:) 14:41 <eminitrader> thx pat ...but did give back some trying to be short :( <pat255> over all green that is all matters 14:42 <eminitrader> yep..and keeping that in mind i;m done for the day will just watch for now <pat255> good idea...:) 14:44 <eminitrader> looks like the ES wants to force itself up 14:47 <lesAway> Shorts ER2 @ 737 -> Add «« paper »» 14:54 <Chilly> anybody use a TICK chart? 15:06 <pat255> k guys later back to work ty ..all 15:08 <eminitrader> bye pat 15:10 <pat255> latr emini ...take care <szubaark> Hey Niha everything OK back there in Montreal now? 15:15 <Chilly> Shorts ER2 @ 735.70 late post, sorry UPS delivery exit stop set ER2 @ 735.60 15:17 I really need to learn to pull the trigger on scalps and have a better exit strategy 15:18 <szubaark> Chilly scalps are tough as u going against guys with better Connections and Faster Computers. 15:19 <silo1> dont forget about blackboxes <szubaark> I dont know ONE retail Joe Schmuck thats successful Scalping. <Chilly> always hold too long on 1 contract trades <eminitrader> fills on ts r excellent szu...its like i/10 of a sec i/10=1/10 15:20 <szubaark> emini.. they still get BETTER DATA then we <eminitrader> when it comes to data ...no comparison they r way ahead <szubaark> I was at the CME visiting and their Connection wires are THICK <eminitrader> lol <szubaark> i dont go below 5min timeframe..everytime i do i get whacked 15:21 <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) 15:23 <Chilly> Trailing Stop Hit ER2 @ 735.60 --> + 0.1 gak! <lesAway> Covered 1/4 ER2 Short @ 734 --> + 3 «« paper »» 15:26 <eminitrader> Long ES @ 1328.25 15:28 * lesAway is now known as les <eminitrader> Exited 1/3 ES Long @ 1329.25 --> + 1 15:29 <asuni> GREAT EMINI, perfect entry <Chilly> yes indeed! 15:30 <eminitrader> yep 40% retracement with my ma's right beneath was actually waiting for 50% pullback ...but ma's take precedence on aclear day like today 15:32 <Chilly> still trading 3m chart? <eminitrader> yes <Chilly> what ma's ... 10,20? 15:33 <eminitrader> 95% of my set-ups r from 3 min no 79, 89 that gives me an idea of supp/res of the bigger picture 15:34 <les> Covered Remainder ER2 Short @ 735.6 --> - 2.1 «« paper »» <eminitrader> meaning larger trend <Chilly> humm, so set ema or sma to 79 and 89 periods? <eminitrader> 79 ma and 89 sma 15:35 works well for me :)) <les> that script got screwy was actually -.80 15:36 not bad seeing as i watched this one all the way up to -3.5 worth of points :) <Chilly> ah emini, now I see <eminitrader> yes ..works well with my chart patterns and mrkt flow 15:37 ok did u see support on 3 min at 1328 <Chilly> all I was seeing on my 5m chart was ema sandwich <eminitrader> no 3 min 15:38 <Chilly> yes right, I changed my chart to 3m with your avgs. and see the support <eminitrader> remember though on non trending days the ma's mean a squat also during chop time 15:39 for this to work there needs to be a mrkt flow either direction so my stop would have have been a couple of ticks below the lower ma 15:40 <Chilly> right, I thought by this hour things might get choppy .. that was a gutsy buy .. or rather . experienced! 15:41 emini, do use use pivots at all? <eminitrader> use this as a secondary indicator only in conjunction with ur primary ..well there r exceptions but for now 15:42 well its a good scalp ...given the time of the day ...basically a bounce from shorts covering at these pt 15:43 yes i use pivots but mostly during chops for supp/res scalps 15:44 <Chilly> ok <eminitrader> ma support holding for now 15:45 <Chilly> do you like the 3m because it's not as noisy as the 1m and more revealing than the 5m? 15:46 <eminitrader> yes but when the mrkts moving fast i use 1 min and 2 min 15:47 Exited 1/3 ES Long @ 1329.50 --> + 1.25 exit stop moved to breakeven ES @ 1328.25 15:48 like the premarket and first 15 min 15:49 Exited Remainder ES Long @ 1330.25 --> + 2 see u all tommorow 15:50 <Chilly> c ya gn folks 15:58 <WannaBeBOS> niha, are you in? 16:05 <NihabaAshi> yes 16:12 <WannaBeBOS> niha, do you know if there is a TICK indicator for the russell? 16:22 <NihabaAshi> Wanna...there is but nobody (no vendor) carries it. 16:26 I remember a discussion about such at EliteTrader.com by someone that had to make their own TICK indicator for the Russell. 16:27 I believe he did it in either TradeStation or Metastock. <asuni> niha, see strroom please 16:29 <WannaBeBOS> ok, i will check 16:30 i might have to make one for esignal thanks for the info <silo1> how'd you do today niha? 16:31 <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) 16:35 <NihabaAshi> Take care and see all tomorrow.Session Close: Wed Sep 13 17:20:07 2006 17:20 Sponsor: 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) Sponsor:
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