#FuturesTrades December 18th Monday 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 for the trading day.
ER2 EuroFX EC +14.00 +0.0000 $1,400.00 $0.00
I don't have any additional comments to add even though there were a few good discussions in the below chat log.
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 December...click here. To see results for the months of 2006 and prior years...click here.
Commentary by M.A. Perry (a.k.a. NihabaAshi)
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: Mon Dec 18 09:29:11 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 <ItalianSharp> morning <PapaJon> gm all <Chilly> gm folks 09:30 <NihabaAshi> Shorts ER2 @ 800.60 -> large size 09:33 Late entry on my part :( A WRB :( 09:36 Not much room for a pt exit with my late entry. Needs to drop further to give me some room Covered 2/3 ER2 Short @ 799.50 --> + 1.1 09:37 Covered all ER2 Short @ 800.20 --> + 0.4 09:40 <yo> gm all 09:47 <szubaark> Shorts NQ @ 1835.50 «« paper »» 09:48 <NihabaAshi> Long ER2 @ 802.40 -> small size 09:56 Some mixed price action messages here. Long ER2 @ 802.00 -> Add 10:00 Exited 1/2 ER2 Long @ 802.60 --> + 0.6 Exited Remainder ER2 Long @ 802.50 --> + 0.1 10:01 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) <les> Long ER2 @ 802.7 <NihabaAshi> Those mix message I'm getting is preventing me from trying to look for a WRB pt level. 10:02 Thus, I'm taking profits faster than I normally do. <ItalianSharp> price action has been horrible in december thus far <NihabaAshi> Agree. 10:03 <ItalianSharp> its really tough to hold on trades and its even harder to get in...like todays short, niha you had a late entry...but you still managed to get in...i was about to insert a short limit order when ER2 dropped by 7-8 ticks in 1 second 10:04 at that point i figured its too late to get in <szubaark> yes. Tight Ranges looks like that was just a Run to get High Overnight Stops, now we going to get the Low Stops? :)) 10:06 <ItalianSharp> szu, thats a possibility. i am out of the market until we get out of fridays afternoon trading range 10:08 if we get out at all <RussellDaytrade> more giveback from that option ex and CPI workup? 790? not neccessarily all in one day, a little bigger pic 10:09 <NihabaAshi> Long ER2 @ 802.10 -> small size 10:20 Exited ER2 Long @ 801.60 --> - 0.5 10:21 <Brutus> Shorts ER2 @ 801.8 «« paper »» <eminitrader> Shorts ES @ 1442.50 10:22 <szubaark> this is where my original Short should have been :( <NihabaAshi> Shorts ER2 @ 801.30 -> small size 10:23 <szubaark> emini nice patience waiting for your Short setup to develop <eminitrader> still not sure szu 2 contracts only <Brutus> Covered ER2 Short @ 801.1 --> + 0.7 «« paper »» 10:24 <eminitrader> right at support on nq and not much to go on ES unless gap fill :)) 10:25 <NihabaAshi> Covered ER2 Short @ 800.90 --> + 0.4 <les> Exited ER2 Long @ 800.9 --> - 1.8 Reverse and Enter Short ER2 @ 800.9 <eminitrader> hope it breaks 35 on nq 10:26 <les> Covered 1/2 ER2 Short @ 800.4 --> + 0.5 10:27 <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) 10:29 <szubaark> NQ still has gap 10:32 <eminitrader> Covered ES Short @ 1441.25 --> + 1.25 Reverse and Enter Long ES @ 1441.25 parial fill :( 10:33 partial so does the ES 10:37 <pat255> gm all...@office from now on...:( 10:38 <eminitrader> remainder filled 10:43 <pat255> L here emini? 10:45 <eminitrader> yep 10:46 <pat255> kty <eminitrader> 41.25 <szubaark> [10:32] <eminitrader> Reverse and Enter Long ES @ 1441.25 <pat255> ty emini 10:47 <eminitrader> had only 2 filled initially ..now on 5 <les> Covered Remainder ER2 Short @ 800.3 --> + 0.6 <eminitrader> looks like a gap fill now 10:48 <szubaark> also still a gap from Friday.. they could be aiming for that 10:49 <eminitrader> Exited all ES Long @ 1440.25 --> - 1 that was filled on the ES szu 10:50 Long ES @ 1440.50 10:52 <Brutus> EMT I'm seeing Fridays close at 1438.25 ? <eminitrader> 1438 10:53 i38.25 is the settlement price last tick 38 <Brutus> So still a gap on ES, ES LOD 1439.5? 10:55 <NihabaAshi> Long ER2 @ 800.20 -> small size <eminitrader> yes foryest.. not for thrs ok i got ya ...my bad 10:56 thrs gap was filled on fri ...fridays gp still open Exited all ES Long @ 1440 --> - 0.5 11:01 <NihabaAshi> Long ER2 @ 799.60 -> Add 11:02 Exited ER2 Long @ 798.80 --> - 1.4 11:03 Reverse and Enter Short ER2 @ 798.80 Went from a 2 contract Long position to a 5 contrate Short.. 11:04 <ItalianSharp> we are finally out of the lousy range <pat255> biab guys ...work ty .. 11:05 <NihabaAshi> If I can get my profit target for the day via this trade...I'll call it quits too. 11:06 <eminitrader> niha is that baesd on $ or pionts ...if u dont mind <NihabaAshi> Rarely the same number per day (points or WRB target info). 11:07 <eminitrader> k yhx <NihabaAshi> I usually call it a day regardless to the dollar amount if I can capture a WRB pt3 level on a minumum of 3 contracts. 11:08 <eminitrader> gottya <NihabaAshi> If I don't capture a WRB pt3...its mainly just points. <eminitrader> rather gotcha :) regardless of the # contrcts ? 11:09 <NihabaAshi> Part of the goal is to have my last trade of the day to be profitable...even if its just 1 tick. <eminitrader> k 11:10 <NihabaAshi> # contracts doesn't have much impact on my goal because I usually stay within my average contract size range per trade. <RussellDaytrade> think we got an target working here, up a few in 46 from lows 11:12 an up target <NihabaAshi> Covered all ER2 Short @ 798.70 --> + 0.10 11:13 * NihabaAshi is now known as NihabaAshi_away * NihabaAshi_away is now known as NihabaAshi 11:25 <szubaark> geez.. its December and it feels like summer Tight,Choppy range 11:27 hopefully i can get out of this Short ive held since opening and go do something else LOL 11:28 <NihabaAshi> Shorts ER2 @ 798.80 -> medium size 11:29 Sorry... Incorrect...I'm Long Long ER2 @ 798.80 -> medium size 11:30 <szubaark> exit stop set NQ @ 1835.50 «« paper »» <eminitrader> Long ES @ 1440.25 <Brutus> Dax weak close 11:31 <szubaark> NQ new low for Day 11:37 <NihabaAshi> Price action slowly breaking down at support :( 11:38 <szubaark> watching ES around 1439.25 <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) <RussellDaytrade> er still holding lows so much for that 11:39 <szubaark> :) <NihabaAshi> Exited ER2 Long @ 798.10 --> - 0.7 Reverse and Enter Short ER2 @ 798.10 <szubaark> ES IS KEY here <NihabaAshi> That's the worst of the reversal and I'm "Large size" on the Short. 11:40 <szubaark> Niha u got on a WRB.. i hate those as it "can" pop against you suddenly <NihabaAshi> Covered 2/3 ER2 Short @ 797.30 --> + 0.8 11:41 Got my profit target for the day. <szubaark> When i reverse on a WRB on NQ (or ES) I usually Pay the price :( <NihabaAshi> Just need to get a few more ticks to reach my other goals. <szubaark> watching Fridays lows, see if they bust thru [10:07] > looks like that was just a Run to get High Overnight Stops, now we going to get the Low Stops? :)) 11:43 a game of Pac-Man :)) <eminitrader> lol missed a fill @ 38.25 <NihabaAshi> Today's top was tricky to see for me...would have been a nice Short and hold. 11:44 Covered ER2 Short @ 769.90 --> + 28.2 11:45 Ooops... Covered ER2 Short @ 796.90 --> + 1.2 Holding 1 contract to see if it can reach a WRB pt3 level. If not...I'm done for the day. 11:46 <codehead> nice <NihabaAshi> Actually, regardless to its result...I'm done for the day. No order entry errors nor position size errors like this past Friday (horrible). <eminitrader> Long ES @ 1438.25 -> Add 11:47 <szubaark> Covered all Short NQ at 1829.50 --> + 6 «« paper »» 11:48 <eminitrader> very nice trade szu :) <codehead> nice szu <szubaark> thanks.. it wasnt easy though <NihabaAshi> Actually...I'm going to continue trading...need to test something new with a few 1 contract positions. Covered ER2 Short @ 797.30 --> + 0.8 11:50 Reverse and Enter Long ER2 @ 797.30 <codehead> nice ghost on QM 5min, see i it dips see "if" that QM ghost worked nicely 11:58 <NihabaAshi> Looks like that missed entry at 797.10 is starting to haunt me. * szubaark is now known as szubaark_Away 11:59 <NihabaAshi> Exited ER2 Long @ 796.10 --> - 1.2 Shorts ER2 @ 795.10 -> small size 12:00 <Brutus> Long ER2 @ 794.3 «« paper »» 12:02 <NihabaAshi> If I can get a 793.80...that would be a WRB pt3 from the pattern signal price even though I entered Short around the WRB pt2 level. I'll call it quits for the day since I'll have my documented WRB pt3 trade even though I missed most of the trade. 12:03 <Brutus> Exited ER2 Long @ 794.3 --> 0 12:07 <NihabaAshi> Covered ER2 Short @ 793.70 --> + 1.4 12:08 <Brutus> Long ER2 @ 793.2 Long ER2 @ 792.2 -> Add 12:12 <RussellDaytrade> if that low holds, up tyarget of 796 in 62 from lows 12:16 even if it doesn't, high prob of at least up 1.5 - 2 from lows 12:17 <Brutus> Exited all ER2 Long @ 792.9 --> + 0.4 <RussellDaytrade> oil prices off, bonds yields down, good backdrop for some up price action now 12:23 <Brutus> Lows at 12:30? 12:24 <RussellDaytrade> pretty much there if thats the case, its 12.24 <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) 12:50 * WBAT is now known as WannaBeBOS 13:02 <RussellDaytrade> well, didn't expect thatr 790 area to come this fast! whaddya know! now what? 13:04 <eminitrader> Exited all ES Long @ 1438.25 --> - 2 13:23 <X> 13:59 <grenoblois> Long ER2 @ 791,9 14:22 <RussellDaytrade> up target 795 in 36 minutes from lows if lows taken out, targets will reset 14:23 <grenoblois> Exited all ER2 Long @ 791,2 --> + 791,2 - 791,9 14:27 <NihabaAshi> It's been a nice trend day (down)...we don't get too many trend days per month. 14:43 <szubaark_Away> Longs getting squeezed today 14:44 <NihabaAshi> Days like today (about 3x) per month are the days that we need to catch from start to finish to have those few big trading days per month. 14:45 Although I got some nice cash today...I surely didn't exploit today's trend day :( 14:46 <szubaark_Away> funny thing is I Shorted since Opening.. notice how overnight they took it up. <NihabaAshi> That top was too tricky for me to get Short... Spent a lot of time analyzing it and couldn't make much sense out of it. However, hindsight is great and I easily see my mistake :) 14:47 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. <Brutus> NQ 30 point range <szubaark_Away> No Econ reports, wonder whats "causing" this selloff <NihabaAshi> I'm done for the day...gotta get ready for a friends birthday party. Take care and see all tomorrow. * NihabaAshi is now known as NihabaAshi_away <szubaark_Away> bye.. have fun Niha 14:48 <Brutus> Long ER2 @ 788.9 14:51 <codehead> long ER 789.20 <paper> 14:59 stop 787.70 15:00 <Brutus> Exited ER2 Long @ 789.1 --> + 0.2 15:02 Goog tanking down 3% 15:03 <RussellDaytrade> the market is realy getting hit, while cnbc is still crowing about dow at new highs, gathering the last of the buyers into the tent before the roof falls in. 15:05 <Brutus> Goog Shares are weak after a WSJ article suggested possible slower growth ahead for the company. 788.3 15:07 Long ER2 @ 788.3 <RussellDaytrade> direct inverse of those short squeeze days last week <Brutus> Goog bouncing should pull index up <RussellDaytrade> sold off for 4 hours so far, perhaps its time for some move in the opposite direction 15:08 make that 5 hours 15:10 <X> 15:11 <Brutus> Exited ER2 Long @ 788.5 --> + 0.2 15:13 ER lame bounce <RussellDaytrade> all day, no lift 15:14 <Brutus> Will look for a reversal after 15:30 15:18 <codehead> ouch, stop hit on ER, out -1.5 <paper> <Brutus> I feel your pain dude :) 15:19 ER Hammer? <RussellDaytrade> it certainly gettin hammered! <codehead> ER pretty good about trending 15:21 boy i knew i should short 799 this mornign, but prolly wouldn't have had the patience to hold all day <Brutus> I have the same problem, its even dificult for me to hold runners with a BE stop 15:23 Goog -4% bouncing now 15:24 Nq did not make new lows 15:25 ER 787.0 230 bid 15:27 <RussellDaytrade> sharp lift for a buck or two?, or too much pressure/, if you're gonna buy, get it while its selling off, even if it only .10-.20 lower <codehead> long ER 787.40 <paper> last try stop 786.40 <RussellDaytrade> Long ER2 @ 787.8 «« paper »» 15:30 <codehead> exit half ER +1.0 <paper> 15:48 finally <Brutus> Just follow goog for market direction 15:50 <codehead> yeah, i've noticed that in the past <Brutus> Especially this afternoon <codehead> exit remainder ER +0.6 <paper> 15:51 have real trades to tend to on stocks <yo> gn all <codehead> cya <yo> :) 15:52 <grenoblois> Thank you for this premiere day and in tomorrow, good night in all 15:55 <RussellDaytrade> Exited all ER2 Long @ 788.8 --> + 1 «« paper »» 16:00 <codehead> nice 16:02 <RussellDaytrade> market action makes me think more downside in store over weeks-months, makes me think even more those days past weeks were bear-market spikes 16:04 <X> 16:23 <Brutus> CUL8R 16:29 Sponsor: 17:35 18:44 <Awash> anyone around 18:55 Nikkei Market about to open 18:56 hopefully tonight there won't be many data issues <Awash> Long mini Nikkei 225 @ 16880 «« paper »» 20:01 here is a good story on mini Nikkei 225 20:07 http://today.reuters.com/news/articlenew s.aspx?type=reutersEdge&storyID=2006-12- 15T121141Z_01_T8082_RTRUKOC_0_US-JAPAN-N IKKEIMINI.xml check it out at your convenience!! Exited all mini Nikkei 225 Long @ 16885 --> + 5 «« paper »» 20:13 <ItalianSharp> nice story awash, thanks for sharing 20:42 <Awash> worth looking in to 20:43 not good hours for you great hours for me you watching the bengals game? <ItalianSharp> yeah 20:44 <Awash> ditto game and trading <ItalianSharp> i got cash on the colts <Awash> nice colts looking nice this year <ItalianSharp> yeah, but they've been on a slump recently...lost 2 in a row... 20:45 <Awash> yep <ItalianSharp> they'll be fine tonite... <Awash> oh yeah 3 in a row, right <ItalianSharp> how's trading nikkei going? <Awash> market is tight today <ItalianSharp> is it? <Awash> but currently it's breaking out <ItalianSharp> ER2 sold off today <Awash> really http://stockcharts.com/h-sc/ui <ItalianSharp> while other US indices were mixed 20:46 <Awash> Nikkei at October highs and stalling <ItalianSharp> i am gonna go watch the game now...be back around halftime 20:47 <Awash> k later, i'll be around <ItalianSharp> fumbled recovered by indy!!! 20:50 <Awash> dwight freeney is awesome <ItalianSharp> yeah, he is...however he sucks against the run he always goes for the sack and spins around all the time 20:51 <Awash> Indy isn't known for it's defense <ItalianSharp> in fact, indy sucks against the run teams have been able to run inside all the time <Awash> yep <ItalianSharp> wow, that guy in the article made well above 60M yen thats impressive 20:52 and he's a private trader like us <Awash> i know <ItalianSharp> the article mentions he posts his trades on a blog...have you looked it up? <Awash> i googled it, but found nothing i'm going to have to spend more time on it <ItalianSharp> if you find anything, please share...same for me 20:53 <Awash> it's probably in Japanese k <ItalianSharp> yeah <Awash> taking a break 20:54 Nikkei market closing for lunch hour <X> 21:08 * DisconnectedSession Close: Mon Dec 18 21:22:55 2006 21:22
#FuturesTrades past logs can be searched via using Google. For example, pretend you want to research what has been said about volatility analysis. Go to the Google search window below and type in "volatility analysis" site:thestrategylab.com (exactly as I typed it including the quotation marks) and you will find everything associated with those key words that were used by any member of #FuturesTrades.
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.
M.A. Perry and Associates
"The point of this whole exercise is to make money. Everything else is just conversation." --Jonathan Hoenig
Copyright © 2002-2006. The Strategy Lab. All rights reserved.