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#FuturesTrades September 19th Tuesday 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 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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My live recordings are stored on an external hard-drive and DVDs...DVDs that go back a few years.

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.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: Tue Sep 19 09:18:13 2006Session Ident: #futurestrades

* Now talking in #futurestrades 09:18

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

<pat255> gm all 09:20

amazing ...to get arca quotes from IB ..now there is a subscription fee...

<WannaBeBOS> http://www.siliconinvestor.com/readmsg.a spx?msgid=22824514 09:22

check this story out guys

<pat255> any bias this am niha emini? 09:24

<NihabaAshi> I have a bearish bias until ER2 can get above the 740 price area. 09:29

Will try to keep my long positions smaller in comparison to the short positions for risk managment of my bias.

<pat255> kty niha ...will keep that in mind

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<NihabaAshi> Shorts ER2 @ 734.40 -> small size 09:31

<pat255> 739 740 area has been R & turned back er twice now

<NihabaAshi> 2 contracts only

I'm a little early on the entry of this intuition trade. 09:32

<yo> gm all

<eminitrader> morn all

<NihabaAshi> 735 on the quick retrace was what I wanted.

Shorts ER2 @ 734.70 -> Add 09:34

<les> niha..even if er2 gets above 740, there still the wrb with gap on the daily 12th sept 09:35

feels like it could fill just about any time

<NihabaAshi> Thanks les...I forgot about that.

<les> jeez, niha - it HUGE :)

<NihabaAshi> It's a big gap...almost asking for an attempt at a possible fill :) 09:37

<les> for sure

anyone know when :)

<NihabaAshi> Covered 1/3 ER2 Short @ 732.90 --> + 1.8 09:38

<PapaJon> lemme call upstairs les

<les> i knew u would jon

<PapaJon> :)

<ItalianSharp> les you got a very valid point, i dont think ER2 will move any higher than 740 before filling in that gap...

<eminitrader> Long ES @ 1330.50

<les> my connections r all down below

<ItalianSharp> god knows how many orders are placed right at the gap from sept12

<les> IS - maybe, but it can move higher then come down

<NihabaAshi> Covered 1/3 ER2 Short @ 732.20 --> + 2.2 09:39

<pat255> vvn niha

<NihabaAshi> exit stop lowered ER2 @ 734.50

<les> look at 2th aug to 9 sept

29th aug

<ItalianSharp> it went down to fill in that gap right on sept7 09:42

<les> yes 09:43

<jperl> Mixed markets again on the open this morning... 09:44

http://charts.dacharts.com/2006-09-19/JP ERL_015.png

<les> also i dont think many outside this room would be aware ofhidden gaps in wrb's

<ItalianSharp> anyway, its gonna be a battle for filling in the gap from sept 12....markets look stuck in a tight range...i am very careful and stay conservative 09:45

<NihabaAshi> We got one economic report remaining today at 10am est that State Street Investor Confidence Index. 09:49

It rarely produces any volatility.

<ItalianSharp> is that report a minor report niha? my economic calendar doesnt even report that...

thats what i figured

<NihabaAshi> Covered Remainder ER2 Short @ 733.80 --> + 0.6 09:53

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<les> niha - i wondered why u hung on so long to exit 09:55

seems to me that after 733.3 that wrb @ 9:36 was gonna retrace 09:56

<NihabaAshi> If there's going to be any volatility from this report...

EuroFX and EurUsd will show it first.

<pat255> emini u stll L? 10:00

<eminitrader> yes pay

pay=pat :) 10:01

<pat255> ty

<szubaark> Buys NQ @ 1651.50 10:02

<eminitrader> Exited ES Long @ 1330.50 --> 0

Reverse and Enter Short ES @ 1330.50

will reverse into long if it breaks 1332 10:03

Shorts ES @ 1331.50 -> Add 10:04

<szubaark> Exited all Long NQ at 1651.50 --> 0 10:05

Reversed right back :((

<eminitrader> yep ...looks like a tricky area here

<les> Shorts ER2 @ 733.6 10:08

Covered 1/3 ER2 Short @ 733.1 --> + 0.5

Covered Remainder ER2 Short @ 732.8 --> + 0.8 10:10

Shorts ER2 @ 733

Covered 1/3 ER2 Short @ 732.7 --> + 0.3 10:11

im in 733

<szubaark> Shorts NQ @ 1650

<les> exit stop set ER2 @ 734.1 10:12

<substanz> Long YM @ 11622 «« paper »»

<les> exit stop raised ER2 @ 734.6 10:13

<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) 10:14

<substanz> Exited all YM Long @ 11614 --> - 8 «« paper »» 10:16

<les> Covered 1/3 ER2 Short @ 732.2 --> + 0.8

<NihabaAshi> Shorts ER2 @ 732.30 -> small size 10:17

<les> exit stop lowered ER2 @ 732.9

<NihabaAshi> 2 contracts only

Shorts ER2 @ 732.00 -> Add

<substanz> Long YM @ 11614 «« paper »»

<les> 1 left here

<NihabaAshi> meant 732

Covered 1/3 ER2 Short @ 731.70 --> + 0.3 10:19

<substanz> Exited all YM Long @ 11608 --> - 6 «« paper »» 10:20

<NihabaAshi> Covered 1/3 ER2 Short @ 731.00 --> + 1.3

<eminitrader> Covered 1/2 ES Short @ 1229.50 --> + 102

<szubaark> emini Nice!

<eminitrader> Covered 1/2 ES Short @ 1329.50 --> + 1 10:21

<NihabaAshi> exit stop lowered ER2 @ 732.00

<eminitrader> thx szu ...that 1332 was critical

<NihabaAshi> First trade and manage my remainder with some fear and exited early because of such.

I'm going to leave this remainder alone and see if the market can prove me wrong via hitting my trailing stop. 10:22

<szubaark> Covered all Short NQ at 1647 --> + 3

<NihabaAshi> I have a target of 725.00 :)

<les> niha..

i'm keeping wider stop here.. 10:23

hoping it makes another leg down

<pat255> vn guys ...

<eminitrader> thats a nice target niha :)

<szubaark> that Flag on YM was nice 10:24

ER,ES,NQ flags looked like crap.

<jperl> ER2 VWAP=POC=732.80 10:25

<substanz> long at 11598

<jperl> Volume distribution is now NORMAL

<les> exit stop lowered ER2 @ 732.3 10:26

break dammit

Covered Remainder ER2 Short @ 731.5 --> + 1.5 10:27

<eminitrader> ES being a pain ..sweating for each tick :(( 10:28

<NihabaAshi> Trailing Stop Hit ER2 @ 732.00 --> + 0.3 10:29

:( 10:30

<pat255> yes...

dip buyers stepping in...

<eminitrader> prolly right pat

<pat255> they are always around the corner... 10:31

<les> bbiam 10:33

<szubaark> too tight to get any points from this unless u scalpin ticks LOL

<eminitrader> exit stop moved to breakeven ES @ 1330.50 10:35

be back 10:36

<jperl> ER2 at VWAP, 732.60

do I need a reminder?

<szubaark> looks like its wait time until FOMC now. 10:38

<eminitrader> thats tommorow right ? 10:40

<pdays> YES 10:42

http://www.dailyfx.com/calendar/briefing / 10:43

<eminitrader> thx pdays 10:48

<NihabaAshi> Long ER2 @ 732.20 -> small size 10:56

1 contract only

I got some distractions here...dumping my trade. 11:02

<eminitrader> Covered Remainder ES Short @ 1330.50 --> 0

<NihabaAshi> Exited ER2 Long @ 733.10 --> + 0.9 11:03

Lucky exit...be back later until some guests leave (furniture repair guys).

* NihabaAshi is now known as NihabaAshi_away

<les> Shorts ER2 @ 733.5 11:13

Covered 1/3 ER2 Short @ 733 --> + 0.5 11:18

Covered 1/3 ER2 Short @ 733 --> + 0.5 11:24

exit stop moved to breakeven ER2 @ 733.5

got a long signal during this short 11:25

it didnt confirm, but enough to make me take profit early 11:26

<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)

<les> exit stop lowered ER2 @ 733 11:27

<pat255> vn les ..

<les> thx 11:28

still got 1

exit stop lowered ER2 @ 732.3 11:29

wow

exit stop lowered ER2 @ 731.7 11:30

Covered Remainder ER2 Short @ 730.9 --> + 2.6 11:32

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now watch it break the lod :)) 11:33

if not.. 11:34

les looks very clever indeed

:)

ok, i'm stupid :) 11:36

looks like we in gap fill territory 11:41

thats partly why i got out - could have bounced off the gap area 11:42

damn thing chose not to give me another short signal about there

and niha will not be pleased to have missed this

<ItalianSharp> niha, your target of 725 almost reached... 11:44

<substanz> Long YM @ 11595 «« paper »» 11:45

<les> IS - the gap fill is at 717.9 11:49

might not reach there today

amazing how reliable these wrb gap fills can be 11:50

esp on the daily

dunno why niha had 725 as target tho

ah - 725 seems to be the S1 5-day pivot 11:54

s2 = 722.3 and guess what s3 is right by the gap fill...718.1 11:55

<silo1> hi guys 11:56

* NihabaAshi_away is now known as NihabaAshi 11:59

<NihabaAshi> Looked at the charts...I'm not happy. 12:00

Pssst that the furniture repair guys showed up 2 hours early :(

The 725 gap filled in nicely. 12:01

<silo1> how's everyone doing today 12:03

<les> i wish i got another goos short signal here 12:05

good

<eminitrader> missed u silo :) wb 12:22

<les> breaktime now 12:26

* les is now known as lesAway 12:27

<silo1> ;) 12:30

didn't have too many earnings play lately

have one tomorrow though

<eminitrader> Long ES @ 1323.50 12:31

<silo1> hopefully if all the criterias fits the bill

<substanz> Long YM @ 11571 -> Add «« paper »»

<eminitrader> so u still trade stocks silo 12:34

<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) 12:38

<codehead> long ER 722.10 <paper> 12:44

stop 720.80 <paper> 12:46

<eminitrader> Exited 1/2 ES Long @ 1325.50 --> + 2 12:47

<substanz> good job emini

<eminitrader> thx sub 12:48

<codehead> exit half ER +.70 <paper>

raise stop to b/e remaindeer<paper> 12:49

stopp too high by 2 ticks i think 12:51

stop 721.90 <paper>

raise stop to 722.20 <paper> 12:53

<eminitrader> exit stop set ES @ 1323.50 12:55

be back

<codehead> stopped out +.1 remainder ER <paper> 12:56

long ER 722.20 <paper> 13:04

hm, not sure about that now, wasn't looking at the right signal

needs to tick up here to save me

exit 721.90 13:05

-.30

<eminitrader> Exited Remainder ES Long @ 1323.50 --> 0 13:11

<NihabaAshi> Long ER2 @ 722.20 -> small size 13:26

1 contract only

Exited ER2 Long @ 721.70 --> - 0.5 13:28

Reverse and Enter Short ER2 @ 721.70

2 contract position

<silo1> i think i am going to call my broker and have them give me futures quote... since it's free as long as i dont make a transaction... this way at least i can check out the action 13:30

<NihabaAshi> silo1...does your broker includes charts with the quotes ?

All my CME data stopped for about 20 secs including my broker :( 13:32

Must be a server side problem on my side.

<silo1> my broker doesnt provide charting services.. not even for equities

i just use quotetracker which is free 13:33

so i figured if i get futures quote for free through my broker, at least i can try looking for hammers in futures and start from there

<NihabaAshi> ok

Shorts ER2 @ 721.80 -> Add 13:34

oh oh... 13:36

Covered 1/3 ER2 Short @ 721.10 --> + 0.7 13:38

Covered 1/3 ER2 Short @ 720.90 --> + 0.8 13:40

Covered Remainder ER2 Short @ 721.50 --> + 0.2 13:42

I'm done for the day...missing that big down move took a lot out of my trading day. 13:43

<pat255> k later niha 13:44

<NihabaAshi> Good day...got a chance to work on a new edge.

* 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) 13:50

* lesAway is now known as les 14:59

<les> Shorts ER2 @ 725.3 15:02

<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> Long ES @ 1325 15:03

<les> Covered 1/3 ER2 Short @ 725.2 --> + 0.1 15:08

Covered Remainder ER2 Short @ 726.8 --> - 1.5 15:09

<eminitrader> Exited 1/2 ES Long @ 1327 --> + 2 15:10

<substanz> Exited 1/2 YM Long @ 11608 --> + 37 «« paper »» 15:14

<eminitrader> nice one sub :))

<substanz> thx! 15:19

<les> i'm done for today 15:27

despite the last loser, am about 5 pts up

cya all tomorrow

<eminitrader> bye les 15:28

<substanz> Exited all YM Long @ 11612 --> + 17 «« paper »» 15:29

* NihabaAshi_away is now known as NihabaAshi 15:32

<silo1> another nice one by subs 15:35

nice bro

<eminitrader> Exited Remainder ES Long @ 1328 --> + 3 15:37

see u all wed

<pat255> vn emini ...dang did not take the trade cuz of am loss ....sigh

<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) 16:11

<NihabaAshi> Take care and see all tomorrow. 16:17

* DisconnectedSession Close: Tue Sep 19 16:17:37 2006

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In addition, below are the trading instruments our chat room members monitor closely to make trade decisions:

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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...

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TheStrategyLab.com

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