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#FuturesTrades October 4th 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 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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Trading Perspective

Profit/Loss Blotter

I used a different broker today so I can test the re-installation X_Trader Pro.

The basic version of X_Trader re-installation with my other broker seems to have improved dramatically some serious data problems I've had the past few trading days.

Other than that...I'm expecting some bullish price action (trend days) to increase as we get closer and closer to the end of October.

Simply, as each trading day goes by in the month of October...I become more bullish and will take more Long positions in comparison to Short positions.

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 October...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: Wed Oct 04 09:29:14 2006Session Ident: #futurestrades

* Now #FuturesTrades purpose and benefits...click here. 09:29

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

<eminitrader> morn all

<NihabaAshi> good morning all

<asuni> gm emini, gm all

<PapaJon> gm all

<yo> gm niha ,all 09:30

<szubaark> gm 09:31

<Chilly> gm folks 09:32

<NihabaAshi> Key market events today at 10am, 1030am, 12noon and 1245pm est. 09:33

<asuni> a lot of speakers today: 12.00, 1245 and 1930

and reports 1000 and 1030

<eminitrader> looks like a good day for volatility

<ItalianSharp> should be a pretty cool day to trade with all these events

<szubaark> Buys NQ @ 1653.50 09:39

<eminitrader> Shorts ES @ 1343 09:46

<pdays> Shorts YM @ 11797 09:47

<eminitrader> Covered 1/2 ES Short @ 1342 --> + 1

<pdays> Covered all YM Short @ 11790 --> + 7 09:48

<eminitrader> Covered 1/3 ES Short @ 1341 --> + 2 09:52

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<szubaark> nice

<eminitrader> thx szu.. 09:53

<NihabaAshi> Shorts ER2 @ 723.50 -> large size 09:56

10 contracts

<szubaark> Exited all Long NQ at 1649.25 --> - 4.25 09:57

:((

<silo1> hey szu

<szubaark> hi 09:58

<NihabaAshi> Covered ER2 Short @ 722.30 --> + 1.2 10:01

Captured a nice WRB pt1 :) 10:02

<asuni> perfect time

<les> Long ER2 @ 724.4 10:06

<szubaark> Buys NQ @ 1653.50

<les> Exited 1/3 ER2 Long @ 724.9 --> + 0.5

<eminitrader> Covered Remainder ES Short @ 1342.50 --> + 0.5 10:08

<les> Exited 1/3 ER2 Long @ 726.4 --> + 2 10:11

<szubaark> Exited all Long NQ at 1658.25 --> + 4.75 10:12

<les> exit stop raised ER2 @ 724.7

<eminitrader> Shorts ES @ 1343.75 10:13

<szubaark> nice les.. i was with you on that one

<les> :)

exit stop raised ER2 @ 726.4 10:16

Exited Remainder ER2 Long @ 726.8 --> + 2.4 10:17

<substanz> Shorts YM @ 11823 «« paper »» 10:23

<eminitrader> Covered all ES Short @ 1346 --> - 2.25 10:26

<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) 10:28

<szubaark> Buys NQ @ 1669 10:58

lets see if we get one more quick upthrust before they go on lunch 11:02

<les> Shorts ER2 @ 727.4 11:03

Covered 1/3 ER2 Short @ 726.9 --> + 0.5 11:06

<ItalianSharp> nice les, you are always very punctual on that first +0.5 11:07

<les> true...

its an uato exit tho :)

auto

<ItalianSharp> smart thing to do when you want to avoid the temptation to let it run and be greedy 11:08

<les> i scale out my targets, so i get greedy with the others :)

<ItalianSharp> yeah, first make sure your risk exposure is under control, then have a little fun 11:09

<les> yeah, also that .50 covers all my commish

<ItalianSharp> the remaining 2 contracts are at BE?

<les> not yet :) 11:10

i used to do that

but now i trail using s/r

<ItalianSharp> you stay a little further away from prices...keep a distance 11:11

<les> yes, esp in this situation, where there's some support here, with a likely bounce ahead of us

if it doesnt reverse back up, then it usually plummets 11:12

<ItalianSharp> did it frequently happen to you that once you put remaining positions at BE prices promptly retraced to kick you out and only few secs later make a big move in the original direction?

<les> yup

<ItalianSharp> is this the main reason you adjusted your scaling out strategy? 11:13

<les> no, i had the scale-out technique for quite a while

sec

Covered 1/3 ER2 Short @ 726.5 --> + 0.9

see what i mean? 11:14

it retraced here, bouncing off some support

thenplunged

if i went to b/e., i miss this move

<ItalianSharp> true

very sound point

<les> exit stop lowered ER2 @ 727.3

now stop at b/e +.10 11:15

<ItalianSharp> right, because prices have gotten out of the congestion area

<les> ideally it should be727.8

but i'm not too convinced that it wont reverse now

its hesiating too much around here 11:16

<ItalianSharp> basically, your original stop was above today's high?

<les> Trailing Stop Hit ER2 @ 727.3 --> + 0.1 11:17

roughly

<NihabaAshi> I think Jazz will soon be returning to #FuturesTrades :) 11:18

<ItalianSharp> and despite taking home +0.5, you still kept it up there...and only adjusted it once you closed 2nd contract

<szubaark> yes!

Jazz Rocks!

<les> hey, thats good news!

<ItalianSharp> what you mean JAZZ?

<les> how do u know, niha?

IS - yes, thats right

<NihabaAshi> I've been talking to him via email recently...he's asked for the password to gain entrance. 11:19

<szubaark> exit stop moved to breakeven NQ @ 1669

<les> Jazz is an expert trader 11:20

<szubaark> wonder if FFT will ever come back

<les> well worth wacthing him do his stuff here

i think he lives in israel, so he's not always around for the whole session 11:21

<eminitrader> ii'm back

<szubaark> welcome back emini

<eminitrader> missed along on the pullback :(

<NihabaAshi> Yep...he's the king of big points...very inspirational to watch.

<szubaark> Exited all Long NQ at 1672.75 --> + 3.75

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<eminitrader> thx szu...u get anything out of this move

thats great

<les> nice szu

<szubaark> [11:02] > lets see if we get one more quick upthrust before they go on lunch 11:22

all i was looking for

<les> szu rocks :)

<eminitrader> yep i missed it szu

<NihabaAshi> Long ER2 @ 729.00 -> small size

3 contracts only

<les> aaargh no 11:23

i just seen a long signal i missed

<NihabaAshi> Missed my entry around 728.40

<les> straight after my last trade exit

too late now

<NihabaAshi> Will do a WRB exit based upon a 728.40 entry.

<les> was too busy congratulating myself on a nice trade

the good emotions can mess u around as much as the negative :))) 11:24

<NihabaAshi> Exited all ER2 Long @ 729.60 --> + 0.6

<szubaark> Niha looks like u entered on a WRB

<les> Long ER2 @ 730 -> medium size 11:27

<NihabaAshi> Yes although that was not the plan.

Had I done it right...I would have entered Long around 728.40 and exited 2/3 at 729.30 and would still be holding a remainder. 11:28

<les> Exited all ER2 Long @ 730.3 --> + 0.3

chickened out 11:29

not really my kind of setup

intuition

of course, now it''l motor :)

when i start doing this kinda stufff...... 11:30

i need to go lie in a dark room for 17 hours

shouldnt strasy from my setups

stray

ok, maybe just 16 then 11:31

:)

bbiam

<NihabaAshi> Pete Sampras had his bedroom designed not to allow any light in (light proof like a photo darkroom)... 11:32

He said it was his way of recovering from the stress/demands of tennis.

<les> ah right

well darkness usually induces restful mental states 11:33

but also sends u to sleep

<pdays> Shorts YM @ 11842

<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) 11:40

<les> Shorts ER2 @ 730 11:45

<codehead> exit ER +7.0 <paper> from last night--was pretty sure that had to bounce 11:46

<les> Covered 1/3 ER2 Short @ 729.6 --> + 0.4

<pdays> Covered all YM Short @ 11838 --> + 4 11:47

<les> dont like this 11:51

Covered Remainder ER2 Short @ 729.9 --> + 0.1

looks like chop time 11:53

szu u right, they had one pop just before they closed the shop for lunch

so, i'm taking early break too 11:54

[of course all the action will swing in 5mins after i leave :)

cya later

* les is now known as lesAway 11:55

<ItalianSharp> bernanke comin up in 5mins...nice to see how the market has been waiting for him 12:40

<asuni> they loves him!

<ItalianSharp> yep 12:41

<codehead> short Ym small 11840

<szubaark> real or paper? 12:42

<codehead> real

<ItalianSharp> by the way, this friday NFP coming out and tomorrow Trichet and BOE will talk about interest rates...sounds like a very crucial week for markets and currencies

<codehead> hm, iffy here either way

exit -3 while i take another look 12:43

<szubaark> code.. CCI staying flat around 0 line

<codehead> yeah, was looking famir down

but didn't print, swung back up before bar printed 12:44

took it agressive and it rolled over

but not gettign to 100 line either

looks due for pb 12:45

<NihabaAshi> Long ER2 @ 730.80

3 contracts

:( 12:46

Unbelievable

<ItalianSharp> what's unbelievable niha? 12:47

<NihabaAshi> Exited 2/3 ER2 Long @ 731.10 --> + 0.3

<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) 12:49

<NihabaAshi> Exited Remainder ER2 Long @ 731.10 --> + 0.3 12:50

I'm done trading for the day...data problems returned just seconds after I enter that Long.

<pat255> hi guys ...

<ItalianSharp> ah ok, that's why you typed "unbelievable! 12:51

"

<NihabaAshi> In fact, I had no data for about 15 secs a few times during that trade.

<pat255> geez that sucks ...:(

<ItalianSharp> niha, perhaps you were the only one in the market at that time...lol

<NihabaAshi> For what it is worth...that Long had a target of 732.00

Had I reversed it into a Short...the target was going to be 728.10 12:52

<ItalianSharp> bernanke just starting to speak 12:53

talking about social security

<NihabaAshi> Yep...was expecting some volatility to show up unless the market has already priced it in.

<ItalianSharp> aging of population will lead to lower living standards 12:54

no bernanke comment on current economy 12:55

unless bernanke let some economic comment slip out of his mouth, i am not expecting much volatility during his speech 12:56

bernanke: over-65 population will grow from 12% to 30% by 2030 12:58

<szubaark> thats why i heard there is like 5 year wait to med school.. being a doctor is where the money is now 12:59

same with nursing school..filling up FAST 13:00

reminds be during the internet bubble everyone was majoring in Business/Computer Science, now they all out of jobs 13:01

<ItalianSharp> looks like the US is catching up with Europe as to aging population

<pat255> Bernanke very positive on my retirement benefits (positive I won't get any) 13:02

<ItalianSharp> pat255: lol 13:03

Q&A session is the only hope to get some volatility out of bernanke...hopefully there are some smart journalists asking questions 13:08

Q&A session just beginning 13:15

<szubaark> Buys NQ @ 1673.75 13:25

exit stop set NQ @ 1674 13:28

Exited all Long NQ at 1678.50 --> + 4.75 13:31

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<silo1> nice szu 13:32

<szubaark> thanks.. nice TRADABLE charts this week, none of that chop,fakeout crap we had last month 13:33

main thing with this gig is u gotta know when Not To Trade (avoid drawdown) as they will throw those days at you 13:34

im still struggling with falling for their Decoy. 13:35

<silo1> man i got out of rhat too early at 21.48.. now it's at 21.89

and rimm, i should've gotten out early, and now it's shooting up like a rocket

:(

<szubaark> well.. u cant be perfect, just be happy u made some dough

(time to look at Daily dow see where its at) :)) 13:36

<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) 14:01

<szubaark> looks like sellers packed their bags 14:11

getting strong "indicator" readings

<ItalianSharp> yeah, sellers gone to watching baseball playoffs 14:15

Oakland @ Minnesota is on now

heard the Metrodome is packed with sellers 14:16

<szubaark> anybody know how is Europe responding to this US rally? 14:18

<ItalianSharp> dax rallying 14:19

<szubaark> anybody in this? 14:39

<jperl> yes

<szubaark> nice jp!

what entry?

<jperl> 735.50

er2 14:40

<szubaark> this is all institutions buying

<jperl> trades so far 14:42

http://charts.dacharts.com/2006-10-04/JP ERL_011.png

<szubaark> almost all buys, going with trend good job. 14:46

yur last trades all Longs

<jperl> yes

I rarely take short trades above VWAP 14:49

<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) 15:13

<jperl> ER2 POC=VWAP 730.30 15:14

maybe short in here

* lesAway is now known as les 15:22

<les> Shorts ER2 @ 736.8 15:26

Covered 1/3 ER2 Short @ 736.3 --> + 0.5 15:27

Covered 1/3 ER2 Short @ 735.7 --> + 1.1 15:29

<jperl> good short

<les> exit stop lowered ER2 @ 736.7

thx jperl - i bin sitting watching it rise with my tongue hanging for the sell-off

u short now? 15:31

<jperl> yes

<les> :)

<jperl> 736.30

my rare short on the up side of the VWAP 15:32

but couldn't resist when distribution function went NORMAL

<les> one day i'm gonna be normal too 15:33

moved my stop up

realised there'd be retrace

a few more ticks down and it should be ok 15:34

<jperl> short not looking good 15:39

<pdays> Shorts YM @ 11902 15:41

<les> Covered Remainder ER2 Short @ 737.2 --> - 0.4 15:42

time to go 15:44

that was certainly a better day than the last few we've had

<jperl> didn't do that well today 15:45

<pdays> Covered all YM Short @ 11910 --> - 8

man no profit takers :{

<les> i did about 8 points

<jperl> http://charts.dacharts.com/2006-10-04/JP ERL_012.png 15:46

<szubaark> all 1 contract.. good 15:57

<jperl> http://charts.dacharts.com/2006-10-04/JP ERL_013.png 16:20

<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) 16:22

<jperl> http://www.charts.dacharts.com/2006-10-0 4/JPERL_013.png 16:30

<NihabaAshi> Take care all and see torrow. 16:39

* DisconnectedSession Close: Wed Oct 04 17:11:22 2006 17:11

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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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