#FuturesTrades October 10th 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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ER2 EuroFX EC +7.90 +0.0000 $790.00 $0.00 Trading Perspective
I missed another opportunity to get Long at a discounted price prior to it moving higher via several points.
In fact, the missed bullish signal was one of my most profitable pattern signals.
Other than that, it looks like the ECB Chairman may have sparked the market a second wind and the result was prices moving higher. (ECB = European Central Bank)
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: Tue Oct 10 09:35:26 2006Session Ident: #futurestrades * Now 09:35 <X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm <yo> gm niha ,all 09:36 <NihabaAshi> Shorts ER2 @ 749.20 -> small size 09:43 3 contracts only 09:44 <jperl> anyone having IB feed problems for ER2 09:45 <szubaark> jperl.. IB quotes seem real slow.. problems again with Interactive Brokers (IB) <Chilly> yes, I'm having data freeze <jperl> ok 09:46 <szubaark> IB getting real bad again No Quotes now <NihabaAshi> For what its worth...I have two different brokers with quotes slower than my QCharts by a few seconds. Covered 1/3 ER2 Short @ 747.90 --> + 1.3 09:47 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) <eminitrader> Long ES @ 1359.25 <pat255> gm all... 09:49 <PapaJon> Yes jp... me having Interactive Brokers (IB) data flow issues too I just installed a wireless router.. and was wondering if it was on my end?? 09:50 <pat255> goog is on the run.. <szubaark> IB quotes coming in and out :(( <PapaJon> same here szu 09:51 <les> same here <szubaark> with IB a backup broker and charts IS A MUST <PapaJon> had a good signal for a good trade a few mins ago too :(( <pat255> even on my dialup...they are acting.. @office ..again...sigh 09:52 <jperl> IB not reporting any problems.... <Chilly> jp, just got an Interactive Brokers(IB) bulletin saying data from various exchanges may be dalayed or unavail, fwiw 09:53 <PapaJon> thnx chilly 09:54 <jperl> tx <PapaJon> well.. so far... my esignal data seems to be flowing fine.. so.. i dont think its the exchange <szubaark> this IB data thing is starting to happen every week now.. just like 2-3 years ago <NihabaAshi> Does IB still have a habit of coming out with a different version once per month ??? 09:55 <Chilly> yes, updates often 09:56 <NihabaAshi> :( <szubaark> yes. IB just needs better competition so they will get their act together <NihabaAshi> I'm surprise they haven't design their platform to be ONLY usable on XP Professional. 09:57 <szubaark> im stepping away.. cant trade with no quotes and charts * szubaark is now known as szubaark_away <NihabaAshi> Several brokers are going that route. Covered 1/3 ER2 Short @ 747.00 --> + 2.2 09:58 <jperl> Chilly...was that IB bulletin a live bulletin? 09:59 <pat255> vn niha <Chilly> yes for amex, box, cboe, ise, and phlx pse <szubaark_away> IB "Estimated wait time is less then 10 minutes.." LOL :)) 10:03 <eminitrader> Long ES @ 1357.75 -> Add 10:04 <szubaark_away> still holding.. classical music playing in the background Note: after 10 minutes IF nobody talks to me live Ill hang-up. 10:06 <les> i've no messages at all from ib szu - where'd u get that? oic - live chat <szubaark_away> les.. im actually CALLING them right now.. still on hold listening to classical music <NihabaAshi> szu...I'm listening to some Porgy & Bess (Ella Fitzgerald - Louis Armstrong) while in this trade to help with my patience :) <pat255> IB stuck on quotes..be careful.. <les> i gues ther r a few folk who want a quite word with them right now 10:07 quiet i 'm getting my guitar out right now i prefer live music :) <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) 10:08 <pat255> k guys ..back later quotes messed up.. 10:09 <szubaark_away> ok.. after around 8 minutes someone answers and says they will be issuing Bulletin shortly :) IB Sucks. 10:10 <jperl> Actually, I haven't seen it this bad in a long time <NihabaAshi> jperl...has this been a problem for the past few trading days ? 10:11 <jperl> I don't know....I've been out of town <eminitrader> Exited all ES Long @ 1358.25 --> - 0.5 thats avg on 5 10:12 <Chilly> Long ER2 @ 747.70 10:15 <jperl> so Interactive Brokers (IB) just issued bulletin on quote delays for several exchanges, but not GLOBEX <les> cant see any bulletin on my tws yet 10:17 any case - igonna jack it in for today - to much other work stuff calling my attention right now 10:18 <PapaJon> i just got message saying Globex is not available 10:23 or rather... 'might' not be available to some customers <jperl> yes ...same here 10:24 <Chilly> Exited all ER2 Long @ 747.80 --> + 0.1 <NihabaAshi> Got some distractions here at home...will need to dump my remainder :( 10:28 Covered Remainder ER2 Short @ 748.70 --> + 0.5 10:30 Shorts ER2 @ 750.30 -> small size 11:00 2 contracts only <eminitrader> mrkts so bullish...i dont have the nerve to short niha 11:01 <NihabaAshi> Reason why I reduced my size...better risk control. <eminitrader> :) 11:02 <NihabaAshi> I'm not looking for much either. Covered all ER2 Short @ 750.00 --> + 0.3 Accidentally exited all when I wanted to only exit 1/3 and then trail a tight stop :( 11:03 <Chilly> Emini, did you get back in long after your 1358.25 exit? 11:06 <eminitrader> no chilly...had a sell @ 1359.50 ..but decided to skip thias session ...will wait for the pm session 11:08 <Chilly> ok <NihabaAshi> Just found out I was Long by 1 contract...trying to do a great escape. 11:10 Sponsor: <ItalianSharp> by the way, trichet speaking right now expect some volatitity maybe...dont know to what extent his word counts with US markets... 11:11 <eminitrader> who's trichet ? 11:13 <ItalianSharp> emini, are you serious? 11:15 <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) 11:20 <eminitrader> seriously,,dont know who he is Isharp 11:22 <asuni> ECB president emini 11:31 we european are a not so famous for u :-) 11:32 <jazz1> lol <szubaark_away> emini see pm 11:37 <NihabaAshi> By the way, here's the ECB (European Central Bank) key speakers schedule...just as important as the FED schedule... 11:44 http://www.ecb.int/press/weekly/html/ind ex.en.html <eminitrader> Long ES @ 1360.75 11:45 <pat255> hi guys back for a little bit.. 12:23 looks like any p/b is bought ...no matter what 12:25 <eminitrader> Exited Remainder ES Long @ 1359.25 --> - 1.5 12:27 <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) 12:29 * NihabaAshi is now known as NihabaAshi_away 12:58 * NihabaAshi_away is now known as NihabaAshi 13:08 <NihabaAshi> If ER2 can make new intraday lows either today or any other day after making an intraday high... 13:41 I will be taking a "overnight long position". <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) <NihabaAshi> Will hold that Long position into November... Adding to it each time the same situation repeats. 13:42 1 contract each time. <pat255> i c...niha hitting yl here 13:43 <Chilly> niha, do you place a stop anywhere or ride it out? <NihabaAshi> I initially place a 5 point stop for those crazy market events that may occur due to some breaking news events. 13:46 <Chilly> ok Sponsor:
<NihabaAshi> I also ONLY do this after having some nice profits "accumulated" for the month of October. 13:48 That's where I'm sitting at now and these types of trades don't kill my profits for the month if they are "pick pocketed" for losses. 13:49 <jazz1> well, you're a bit against the wind but support coming <NihabaAshi> I prefer to see ER2 around 740 to begin initiating my swing trades. 13:50 <jazz1> agree 13:51 bu some sup at 46 13:52 but <szubaark_away> Buys NQ @ 1699.25 13:54 <silo1> hi guys 14:39 hey niha <NihabaAshi> Hi silo1 14:43 <silo1> hey niha, you have any experience with dailygraphs? 14:44 i just did a search on elitetrader and saw you had a few comments on it <szubaark_away> Exited all Long NQ at 1702.25 --> + 3 14:45 had to exit due to family distractions :(( <silo1> looks like someone's doing well 14:46 <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) 14:47 <pat255> c u guys later ...back to work ty alll 14:50 <eminitrader> did anyone grab some quick scalps ?...lost my internet connection..just got back :( 14:52 <Chilly> pretty slow grinding so far 14:54 <eminitrader> nice bounce of the lows on the ES <NihabaAshi> Shorts ER2 @ 749.70 -> small size <Chilly> yup, we'll see what 3pm brings 14:55 <silo1> how are qcharts and esingla comparing to telecharts and tradestation? 15:00 <NihabaAshi> Tradestation has advance custom analytical tools. 15:01 QCharts does not and eSignal has just some basic stuff. <silo1> can it do volume analysis for an individual stocks to see how much buy or sell volume it has at a given time? 15:02 <NihabaAshi> Which one your talking about ? <silo1> tradestation <NihabaAshi> As I said...Tradestation does advance stuff and volume analysis is something that's part of any BASIC analytical program. 15:03 Simply, yes. <silo1> i see <NihabaAshi> Covered ER2 Short @ 750.40 --> - 0.7 15:04 Reverse and Enter Long ER2 @ 750.40 silo1...if your going to be coding your own computer codes...that's what TradeStation is for. 15:07 QCharts has no coding capability. <silo1> it's free though <NihabaAshi> Tradestation is free ? 15:08 <silo1> you sign up to their broker. and the platform is free now i thinn think <eminitrader> free if u trade 10 returns <silo1> http://www.tradestation.com/default_2.sh tm <eminitrader> cme data = 20/month <ItalianSharp> emini is right, it's free as long as you have $5,000 deposited and trade 10 round turns per month 15:09 <NihabaAshi> My point...if your not going to be doing any coding...you may as well go with a less analytical program that offers good data. <ItalianSharp> and you still are going to pay exchange fees for data feed <eminitrader> well guys, thats just the platform...for each exchange u have to pay ...cme = 20$/month 15:10 <silo1> oh ok <ItalianSharp> exactly, tradestation is made for automated systems, alghorithms, adn all that stuff...if you are into sophisticated programming, then tradestation is for you <NihabaAshi> Silo...the key is to start with a cheap data provider than as your NEEDS expand...move up to the next level of data providers. 15:11 If you start to high up the latter...it may cause more headache than you can imagine via having access to all the bells and whistle stuff you don't even need. <silo1> i see 15:12 but i see a lot of people using qcharts and esignal... but these are like 98 to 109 bucks too... and tradestation is only 99 bucks per month .... AND it has more functions in them 15:13 <NihabaAshi> No...the price you just quoted is incorrect. Your not adding in the exchange fees. 15:14 <silo1> but shouldn't that be excluded since you have to pay that for qcharts or esignal as well? <NihabaAshi> You can call them and make that recommendation :) There are different exchanges with different fees...can't be included for $99 bucks. 15:15 They'll lose a ton of money and be out of business in a few months. Simply, your asking them to pay for the exchange fees. 15:16 <silo1> i see your point but wont people have to pay the same exchange fees if they sign up for qcharts and esignal? <NihabaAshi> That's like asking the dealer to pay for the GAS to use the new car you just bought :) If your worry about cost...go with the cheap stuff. 15:17 If your not worry about cost...go with the higher end programs like CQG, Realtick or Bloomberg. 15:18 <silo1> i am worry about cost... that's why i'm using mbtrading which only has current day data (not even back data) and the free quotetracker charting system :) 15:19 i was just curious abou the other ones that's all <NihabaAshi> Does mbtrading have all the charting tools you need ? <silo1> no charting 15:20 that's why i'm using the free quotetracker <NihabaAshi> Your not day trading right ? Just swing trading? <silo1> more swing trading right now on earning stocks why mbtrading has awesome execution methods though and speed 15:21 <NihabaAshi> Why not just sign up with one of the subscription based websites that offer browser base analytical tools including volume analysis. <silo1> and commission plans like what <NihabaAshi> I believe Stockcharts.com has a premium service. Something along that lines...many other there...I can't remember them. 15:22 <silo1> yeah but to have real time data and charting with stockcharts... you still have to pay extras right now... i have great commission plans , fast executions with mbtrading <NihabaAshi> Your swing trading...shouldn't matter especailly since your able to get realtime quotes without charts from your broker. <silo1> with free quotetracker charting 15:23 * szubaark_away is now known as szubaark <silo1> mbtrading doesn't provide charting at all they allow 3rd party integration <NihabaAshi> That's my point...but they do offer quotes just no charts. <silo1> yeah right now this is good for me right now 15:24 since i get good executions.. and free charting from quotetracker but eventually i want to move on to something else <NihabaAshi> Exited 1/2 ER2 Long @ 751.00 --> + 0.6 <silo1> and i was just looking around earlier and had some questions that's all <NihabaAshi> I use to manage the TradeStation northwest user group until I had a falling out with them. 15:27 <szubaark> I use old school Tradestation 2000i <NihabaAshi> I still have 2000i and the old Omega Charts software :) 15:28 <szubaark> FREE data from IB (not very reliable lately) thru Metaserver $100 data costs per month add up in ayear..especially when u trading 1 frikin contract 15:29 <NihabaAshi> Agree. <silo1> right now i'm not paying datacost <NihabaAshi> Best to put aside all the money that's needed to trade for a minimum of one year. 15:30 After that...cost becomes an issue. <silo1> but then again, i dont get historical data... and can only see a maximum of 2 days on charts :) but you guys can do it too... with quotetracker and mbtrading combo <NihabaAshi> Telecharts should be able to give you all the historical data you need (daily and weekly charts). 15:31 <silo1> just make sure you have the stock or futures you trade up before the market open and you will have the data for the whole day.... <szubaark> quotetracker has those annoying ads if you DONT PAY FOR THE NO-AD VERSION <NihabaAshi> Just lost my data feed :( 15:32 <silo1> not really they are tiny and dont pop up i just cover them up with charts <szubaark> Niha u holding reminder Long overnight? 15:46 <yo> gn all 15:52 <NihabaAshi> szu...no...it didn't make a new intraday low. <Chilly> gn 15:53 <NihabaAshi> I try to get fancy and catch a 752.10 tick but no fill :( 15:54 Looking to dump my 3 contracts via a market order. <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) 15:59 <NihabaAshi> I'm still patiently waiting to dump above 752 price area. 16:03 Wasn't meant to be :( 16:05 Exited Remainder ER2 Long @ 751.30 --> + 0.9 16:14 <WannaBeBOS> still decent nihaba 16:17 <NihabaAshi> Agree eventhoug a few trade errors kepted me from having a $1200 dollar day. 16:27 One particular trade I covered a Short position but someone had an extra contract in there. Found myself Long by one contract when I wanted to be flat. 16:28 That caused a ripple effect because I was concentrating on that one contract in trying to exit the Long at a profit... I missed an actual Long signal to put on some size :( Take care all and see all tomorrow...today was a good trading day. 16:31 * DisconnectedSession Close: Tue Oct 10 16:40:10 2006 16:40 Sponsor:
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