#FuturesTrades October 5th 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, 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. Trader's
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ER2 EuroFX EC +11.10 +0.0000 $1110.00 $0.00 Trading Perspective
I've been missing some big bullish moves the past few days and so far it looks like October started early with its bullish price action.
I didn't expect this type of price action until mid-October.
Therefore, after today, I'll be scaling back my size on Short positions while increasing my size on Long positions.
Simply, if you think the key to profits is win:loss ratios or risk:reward ratios...your missing one of the most important aspect of trading...
Position Size Management.
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.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 Oct 05 09:31:49 2006Session Ident: #futurestrades * Now #FuturesTrades purpose and benefits...click here
09:31 <X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm <PapaJon> gm all 09:32 * DisconnectedSession Close: Thu Oct 05 09:34:13 2006 09:34 Session Start: Thu Oct 05 09:43:01 2006Session Ident: #futurestrades * Now talking in #futurestrades 09:43 <X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm <pdays> Exited all YM Long @ 11920 --> + 7 09:44 <pat255> not even retrace... 09:45 <les> looks like there's gonna be a gap to fill on yesterday's wrb 09:46 <PapaJon> yup 09:47 <les> might push higher today before doing that tho <jperl> Long ER2 @ 742.70 «« Simulation »» <PapaJon> theres also an older one at 758.9 from wrb on 5/12/06 <jperl> exit stop moved to breakeven ER2 @ 742.80 «« Simulation »» 09:57 <substanz> Covered all YM Short @ 11926 --> - 103 «« paper »» 09:59 <jperl> Exited ER2 Long @ 742.80 --> + 0.1 «« Simulation »» 10:01 <szubaark> Shorts NQ @ 1696 10:02 <les> Shorts ER2 @ 741.4 10:04 Covered 1/3 ER2 Short @ 740.9 --> + 0.5 <szubaark> nice les 10:05 <jperl> ER@ VWAP= 741.80 <les> hoping it retraces 9:34 wrb 10:07 bounce off 50 ema gets boringly predictable 10:09 2min chart <substanz> Shorts YM @ 11903 «« paper »» <les> Covered 1/3 ER2 Short @ 740.5 --> + 0.9 <szubaark> exit stop moved to breakeven NQ @ 1696 10:11 <silo1> szu, breakeven? that's not acceptable! :) 10:12 jk <les> exit stop moved to breakeven ER2 @ 741.4 <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 <jperl> lost my connection 10:17 <szubaark> Covered all Short NQ at 1692 --> + 4 10:18 <jperl> Long ER2 @ 740.50 «« Simulation »» correction that's a short <les> Covered Remainder ER2 Short @ 740.3 --> + 1.1 10:19 <pat255> vn les wtg ... <jperl> keep loosing conection <silo1> nice one szu <les> thx pat <eminitrader> excellent guys <szubaark> thx 10:20 <les> Long ER2 @ 741 10:21 <asuni> niha, did u solve ur software problems? 10:23 <szubaark> Buys NQ @ 1695.25 <les> Exited 1/3 ER2 Long @ 741.5 --> + 0.5 <jperl> ER2 at VWAP 741.50 10:25 <NihabaAshi> asuni...no. 10:27 * Retrieving #futurestrades modes... 10:29 <les> Exited Remainder ER2 Long @ 740.1 --> - 0.9 10:31 <jperl> Shorts ER2 @ 740.10 «« paper »» 10:34 <NihabaAshi> Reminder: I will not be trading tomorrow...will be flying out of the country tonight to attend a funeral in the U.S. 10:38 <pat255> :( 10:41 <jperl> Covered ER2 Short @ 739.80 --> + 0.3 «« paper »» 10:43 Trading Edge: If your an independent trader looking for an edge to help you traverse around obstacles to profitable trading...a method that's well defined, gives you a better understanding of the markets, applicable for day trading, position trading and swing trading with a money back guaranteed policy...click here.
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> exit stop moved to breakeven NQ @ 1695.25 10:48 <jperl> ER2 at VWAP 741.20 10:49 <szubaark> les they shook u out 10:50 <les> Long ER2 @ 714.6 10:56 <szubaark> les u mean 741.60? <les> oops 10:57 <szubaark> (i wont tell) <les> Long ER2 @ 741.6 <substanz> Covered all YM Short @ 11912 --> - 9 «« paper »» 10:58 <eminitrader> Shorts ES @ 1359 10:59 <jperl> er2 VWAP 741.20 only 2 ticks above POC 741... 11:01 <szubaark> watching this NQ double Top <jperl> close to NORMAL distribution <szubaark> emini moment of truth here on NQ 11:02 <eminitrader> :) overall trend still bullish szu 11:03 tough taking shorts <szubaark> emini.. yes i dont like fighting my Ema.. i usually Lose i picked 34 EMA.. some pick 24-44-68-12-77 take yur pick i guess 11:04 <jperl> how about none of the above <eminitrader> my short is a 2 tick stop <szubaark> Exited all Long NQ at 1697.59 --> + 2.34 <pat255> yep emini keep tight stop on S ...in this mkt 11:05 <eminitrader> agree pat <pat255> can always get back in later .. 11:06 <eminitrader> took it out of my mouth <pat255> bulls got too much adrelin <szubaark> any congestion they break out of they just take off til the next one.. clearly computer order pile up no more neat retracemnts like 5 years ago 11:07 <eminitrader> would not have taken the short...but ran out of patience waiting for my long entry...did'nt get it so far <szubaark> emini.. they not giving any retracemnts for Longs.. u got to chase 11:08 <eminitrader> well a new experience for me ..trading a bull mrkt..that is ..if this is what it is gotto get used to that szu...to take those smoothly...not ready for it yet <szubaark> yes i think u do good in Range market playing off your S/R and retracemnts 11:09 <silo1> you're having a hell of a day huh szu? <szubaark> thing is this market changes every month,week,day so trick is to adjust your style <eminitrader> BINGO 11:10 <szubaark> silo.. i had a shitty Monday as i went to bathroom came back and market dropped 20 Points! i ate 15 point Stop (didnt put emergency Stop in) <jperl> Always have a protective stop in the market 11:11 <szubaark> jp i just got my reminder :) <eminitrader> yep...i changed my stop placement method... getting used to it... 11:12 <jperl> I keep mine about 3 to 4 points away from entry <eminitrader> i first have a mental stop...when the mrkt goes thru it and IF there is a retrace i then go in for physical stop at that leve..emergency have a 4 ptstop 11:13 working good so far ...emergency stop being hit 1 in 5 11:14 <szubaark> were developing triangle of some sort.. staying away from this 11:25 <eminitrader> Covered 1/2 ES Short @ 1357.75 --> + 1.25 <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) 11:26 <pat255> guys back to office ...ty all 11:33 <eminitrader> Covered all ES Short @ 1359 --> 0 11:40 <les> Exited 1/2 ER2 Long @ 742.4 --> + 0.8 11:42 Exited Remainder ER2 Long @ 742.5 --> + 0.9 11:47 Shorts ER2 @ 742.3 11:48 <yo> les you use 2 min charts for wrb signals? 11:49 <jperl> Long ER2 @ 742.50 «« paper »» <les> i use 2min charts genearlly 11:50 <yo> and what is you reminder <les> later - i'm in a live trade now <yo> remainder ok sorry 11:51 <les> Covered 1/3 ER2 Short @ 741.9 --> + 0.4 11:54 <NihabaAshi> Shorts ER2 @ 742.10 -> large size <jperl> Exited ER2 Long @ 742.60 --> + 0.1 «« paper »» 11:57 <les> Covered 1/3 ER2 Short @ 741.7 --> + 0.6 12:04 at bloody last 12:05 <yo> well done <les> its like i gotta pay them for the priveledge 12:06 jeez 1 left now <ItalianSharp> les: lol <les> buncha tightwads <ItalianSharp> today it's a struggle to catch a mini-trend any tick gained is like gold <les> exit stop lowered ER2 @ 742.5 12:07 Covered Remainder ER2 Short @ 742 --> + 0.3 12:08 sick o waiting <yo> nice <les> there's so much support here 12:09 yo - what do u mean - remainders? <yo> Covered Remainder ER2 Short <les> oh thats in the script.. if u trade more than 1 contract.. 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.
<yo> ok thnx 12:10 <les> then exit the rest in one go, thats what u post u should experiment in test mode <yo> ok les <les> its more congested than a rat's arse here not trading this stuff 12:11 good time for a break * les is now known as lesAway 12:12 <lesAway> cu later <yo> thnx les <lesAway> k i didnt mean to jump on ya like that about chatting while i'm in a trade 12:13 but it is a rule here, and a few fold been doig that recently doing folk 12:14 <yo> :) <NihabaAshi> I'm going to log my computer into the room tomorrow via GoToMyPC from another computer and leave it on until late tomorrow evening... 12:17 Gives me a second try at using GoToMyPc while out of the country. Shallow (small) WRB pt1 :( 12:27 Covered 1/2 ER2 Short @ 741.60 --> + 0.5 12:28 <ItalianSharp> niha, you were a few secs early...thank god you still have 1/2 left to slam the markte with 12:31 <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) 12:35 <NihabaAshi> Covered ER2 Short @ 739.90 --> + 2.2 12:38 Holding 2 contracts <substanz> Long YM @ 11896 «« paper »» 12:43 <NihabaAshi> Covered Remainder ER2 Short @ 741.10 --> + 1 13:00 <substanz> Exited all YM Long @ 11900 --> + 4 «« paper »» 13:01 <codehead> nice QM rinse 13:03 sheesh talk about bear hug <jazz1> hi all 13:08 <NihabaAshi> Hi Jazz...welcome back. 13:09 <jazz1> hi niha, thanks <PapaJon> whoa... wb jazz <jazz1> hey papa anyone long or short this? 13:13 <eminitrader> Shorts ES @ 1359.50 13:18 Covered all ES Short @ 1360 --> - 0.5 13:20 * lesAway is now known as les 13:33 <les> hey jazz...WB 13:35 <jazz1> hi les, how are you? 13:36 <les> ok u? <jazz1> good thanks <les> Shorts ER2 @ 743.6 13:42 :( 13:43 Covered all ER2 Short @ 744.5 --> - 0.9 13:44 this is still givbing me a short setup <substanz> Shorts YM @ 11920 «« paper »» 13:45 <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) 13:47 <les> Shorts ER2 @ 744.5 13:58 Covered 1/3 ER2 Short @ 744 --> + 0.5 bout time :) <substanz> Covered all YM Short @ 11906 --> + 14 «« paper »» 14:04 <les> Covered 1/3 ER2 Short @ 743 --> + 1.5 14:05 exit stop lowered ER2 @ 744.4 14:06 the usual - retrace off the 50ema 14:09 * WannaBeBOS is now known as BOS-bbiab <les> ok, guys - u had yr fun... 14:11 time to fall ( 14:12 Trailing Stop Hit ER2 @ 744.4 --> + 0.1 thats been the story of today - lousy floow thro 14:13 no guts for my 3rd pt <jazz1> looks like they're trying to build a short 14:14 <les> jazz - u live in Israel, that right? <jazz1> yes 14:15 <les> where abouts? <jazz1> tel aviv <les> ah - i gotta friend in Kfar Saba its fairly near i think <jazz1> about 20 km from here <les> yup - there's the short 14:17 <eminitrader> Shorts ES @ 1259 <szubaark> jazz! where u been? <jazz1> hey szu <szubaark> greetings from Awash <jazz1> thanks, same to him 14:18 <les> hey - where's awash - havnt seen him lately <szubaark> trading mini Nikkei..he logs on here at night <les> oh yes, remember now they just covered that short bigstyle 14:19 <eminitrader> Covered all ES Short @ 1359 --> - 100 14:20 <les> i dont think thats right emini 14:21 unless u just gave up trading :) <eminitrader> i give up les...just loosing on the commish <les> same here 14:22 <eminitrader> okkkkkkk repost coming Covered all ES Short @ 1259 --> 0 <les> on points i'm up today, but too many trades, and too many moves against my entries hehe <eminitrader> same here still in the plus ..trying to avoid giving it all back <les> i gues this is what niha meant by being careful in september 14:23 <eminitrader> looks like its coming now ......:( <les> its volatile all right, bt too much all over the place <eminitrader> very true 14:24 <jazz1> agree <les> he said earlier the action needs to break out the sept ranges and then more likely to normalise what ever the hel that means on er2 :) <eminitrader> but it did b/o though <les> nope <eminitrader> on the ES.. 14:25 <les> look at the daily oh in er2 i touched the june highs, but no breakout today's action might help 14:26 <eminitrader> k <les> ic what u mean... 14:27 all the other eminis have done this cept er2 maybe the russell is holding up the show bbiam 14:29 <szubaark> Buys NQ @ 1699.50 14:30 <NihabaAshi> I'm done trading for the day...just sitting here doing my journal notes. * NihabaAshi is now known as NihabaAshi_away <szubaark> Exited all Long NQ at 1701.25 --> + 1.75 14:57 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.
<ItalianSharp> szu, how long have u been trading NQ? 14:59 <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) <szubaark> 3 months ive been watching it for like 4 years <ItalianSharp> have u been watching other instrumnets as well or only NQ? and why? 15:00 <szubaark> i watch ES,YM,ER,Euro and Oil 15:01 <les> go time for me 15:02 <szubaark> Shorts NQ @ 1699.50 <les> cya all tomorrow <szubaark> cya les <ItalianSharp> bye les szu, why do you think NQ switched from 0.50 per tick to 0.25? 15:03 and how did that impact your trading style? <szubaark> i dont really know.. i like .25 better..lot smoother now <ItalianSharp> and more volatile...basically volatility is twice as much now 15:04 <NihabaAshi_away> Today I went back to trading on my widescreen laptop... 15:05 I just wanted to show this one time what my single screen laptop looks like...didn't have any data problems today... 15:06 http://charts.dacharts.com/2006-10-05/10 0506NihabaAshiPnLBlotterProfit.png Will go back to my desktop and multi-monitor setup on Monday to try and determine what is the problem that's causing all of my data problems that's not present on my laptop. 15:07 <szubaark> pretty sweet setup Niha <jperl> how wide is your screen? <NihabaAshi_away> 22 inches Acer Flat Panels. <ItalianSharp> niha, does your widescreen laptop cause you any issues with connection and stuff? <NihabaAshi_away> No...the problem is my Desktop with widescreens. 15:08 I did do a major OS change on my desktop from Windows 2000 to Windows XP Professional. 15:09 <ItalianSharp> i wonder whats causing you all those issues 15:10 <substanz> you have x-trader niha ! <ItalianSharp> you should hire a technician for a day and get it straightened out <NihabaAshi_away> Not sure...my IT buddy that setup my entire network will be back from a long vacation the end of this month. 15:11 I'll have him check into my re-configuration to see what I did wrong. <szubaark> Covered all Short NQ at 1704 --> - 4.5 15:12 :(( <NihabaAshi_away> substanz...yes...and other platforms :) <ItalianSharp> i wonder whether it could be a power issue <NihabaAshi_away> I suspect its wireless related. 15:13 <substanz> x-trader is very good plateform for high frequency trading <ItalianSharp> strategy runner rulez....i've fallen in love with that platform 15:14 <NihabaAshi_away> substanz...based upon my type of quick reversing of trades... It's the reason why I've gone back to using it. <substanz> yes, the professionals use this plateform too 15:15 <szubaark> Buys NQ @ 1704 <NihabaAshi_away> I never heard of it several years ago until I was chatting in the office with a friend that's an institutional trader in Montreal. * BOS-bbiab is now known as WannaBeBOS 15:16 <NihabaAshi_away> He told me all of them (+25 traders) were using X_Trader However, the swing traders were using something else...something I never heard of nor can remember. * Disconnected 15:20 * Attempting to rejoin channel #futurestrades 15:23 * Rejoined channel #futurestrades <X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm <NihabaAshi> connection problems... <szubaark> ER on roids 15:26 <ItalianSharp> true, ER pushing like crazy 15:27 <substanz> Shorts YM @ 11934 «« paper »» 15:32 <szubaark> Exited all Long NQ at 1702.75 --> - 1.25 Shorts NQ @ 1702.75 <substanz> Covered all YM Short @ 11929 --> + 5 «« paper »» 15:44 <jazz1> gn guys 16:03 <szubaark> u coming tomorrow? <jazz1> I think so 16:04 take care <szubaark> Covered all Short NQ at 1703.50 --> - 0.75 16:07 <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) 16:08 * DisconnectedSession Close: Thu Oct 05 17:00:31 2006 17:00 Sponsor:
I don't always trade nor monitor the market from my home office. Sometimes I'll do such from one of my favorite nearby Wi-Fi hotspot or whenever I'm traveling via using this little Wi-Fi detection gadget I got from Think Geek that will show more than just the presence of any nearby signal and its signal strength. It has a 12-character LCD that provides information on signal availability and strength as well as essential network information, including SSID, security status and channel. When multiple networks are present the LCD me to scroll through information for each network.
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:
CME Emini Futures ES, NQ and ER2
CBOT mini-sized Dow Futures YM
Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50
Eurex Fixed Income Derivatives BUND, BOBL and Schatz
Euronext Futures FTSE-100 and CAC-40
CME Futures EuroFX EC
Treasury Futures T-Notes ZN, ZF and T-Bonds ZB
Forex Currencies EurUsd, EurYen and UsdCdn
Exchange Traded Funds DIA, IWM, QQQQ, SPY, OIH, XLE and GLD
NYMEX Energies Light Crude Oil CL, e-miNY QM and Natural Gas NG
Hang Seng Index Futures HSI
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
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