#FuturesTrades December 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 for the trading day.
Trader's
Books
Videos
DVD
Audio
ER2 EuroFX EC +3.50 +0.0000 $350.00 $0.00 Trading Perspective
I missed all of the a.m. trading session due to personal reasons and missed part of the p.m. trading session due to distractions.
However, I was able to get a few trades in and manage a profit for the day.
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)
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 Dec 19 09:28:31 2006Session Ident: #futurestrades * Now 09:28 <X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm <NihabaAshi> Good morning all...I'll be missing most of the morning action due to personal reasons (newborn physical). 09:29 <PapaJon> gm niha.. enjoy the visit and ur newborn 09:30 * NihabaAshi is now known as NihabaAshi_away 09:31 <eminitrader> Long ES @ 1429.25 09:32 Exited all ES Long @ 1429.25 --> 0 09:35 Long ES @ 1427.25 09:37 <pdays> Long ER2 @ 781.9 09:40 <Chilly> Long ER2 @ 782 09:42 <pat255> gm all... <pdays> Exited all ER2 Long @ 782.2 --> + 0.3 09:45 <eminitrader> Exited 2/3 ES Long @ 1429.25 --> + 2 09:51 <szubaark> nice emini <eminitrader> thx szu .. <Chilly> Exited all ER2 Long @ 784.10 --> + 2.1 09:53 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> Exited ES Long @ 1430.50 --> + 3.25 Reverse and Enter Short ES @ 1430.50 <grenoblois> Shorts ER2 @ 784.2 09:55 <szubaark> watching NQ <eminitrader> Shorts ES @ 1431 -> Add 09:56 <grenoblois> Covered Remainder ER2 Short @ 783.5 --> + 0.7 <les> Shorts ER2 @ 783.2 09:58 <eminitrader> Covered 1/2 ES Short @ 1430 --> + 1 09:59 <szubaark> Shorts NQ @ 1795.25 «« paper »» 10:02 Covered all Short NQ at 1799.50 --> - 4.25 «« paper »» 10:07 Buys NQ @ 1799.75 «« paper »» <pat255> S es 30.5 paper 10:09 <eminitrader> Shorts ES @ 1431 -> Add 10:11 <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> decision point here.. either up for gap or down :)) 10:13 <ItalianSharp> market is flat right now...and its only 10m <eminitrader> yep <ItalianSharp> szu: i was thinking the same...and i fear it may go up <AmazingJason> Long ER2 @ 784.90 «« testing »» <les> Covered ER2 Short @ 785.4 --> - 2.2 Reverse and Enter Long ER2 @ 785.4 <eminitrader> Shorts ES @ 1431.50 -> Add 10:14 <ItalianSharp> wow emini, you really have a short bias today! <les> Exited 1/2 ER2 Long @ 786 --> + 0.6 10:15 <eminitrader> just going by the flow szu... <szubaark> emini.. ItalianSharp made that comment <eminitrader> ;0 <RussellDaytrade> interesting that cpi was reported last week, on friday, a tame report that coincided with the options ex, when cpi is usually reported the day following ppi <eminitrader> Shorts ES @ 1432.75 -> Add 10:16 now i'm loaded 10 cars short <szubaark> so far today they doing OPPOSITE of what they did yesrsturday :) 10:17 <grenoblois> Shorts ER2 @ 786.5 <ItalianSharp> emini, regardless how this trade goes for you...you got balls! 10:18 <grenoblois> Covered Remainder ER2 Short @ 786 --> + 0.5 <ItalianSharp> szu, price action in december has been terrible thus far...and i dont think its gonna get any better before christmas 10:19 <eminitrader> for whatever its worth thx IS :) expecting a pullback here 30.50 -29.25...if this breaks then retest and new lows on the ES 10:21 hope Santa's reading this :) <les> i hear he's lousy at trading 10:22 <eminitrader> :(( <szubaark> this mornings quick drop was retraced Quickly ES looks strongest of all the indexes 10:23 <AmazingJason> Shorts ER2 @ 785.90 10:24 <eminitrader> on the globex chart its a normal flow 10:25 <RussellDaytrade> i think this am's lows will hold for today and possibly a couple three more days, and market can be bought on hard selling htat holds above those lows. <eminitrader> now u scaring me RD :( <les> exit stop raised ER2 @ 786.4 10:26 <szubaark> Price Action getting real choppy and slobby now Exited all Long NQ at 1799.25 --> - 0.5 «« paper »» Shorts NQ @ 1799.25 «« paper »» <eminitrader> calls for a pullback around here 10:27 <AmazingJason> looking for a pullback here too, lame ER2 popped 2-min <szubaark> yup.. getting signal here for Short <RussellDaytrade> market has come off for approx three plus days, near that prior low about 12 days ago, probably enough for the time being, sorry EM, your probably ok, es didn't follow the er on this last spike 10:28 <eminitrader> Covered 1/2 ES Short @ 1431 --> + 1.75 <les> Exited Remainder ER2 Long @ 787 --> + 1.6 10:29 <pat255> vn guys ... <eminitrader> actuall avg on these sells @ 31.50 10:30 <les> Shorts ER2 @ 787 Covered 1/2 ER2 Short @ 786.5 --> + 0.5 <eminitrader> exit stop lowered ES @ 1433.25 u still holding pat 10:31 <RussellDaytrade> that said, amrket may retest prior breakdown zone near 795 over the next couple days <pat255> nah ...paper trade 1 pt stopped.. <eminitrader> k 10:32 <les> exit stop lowered ER2 @ 786.3 10:33 <pat255> es stuborn ..refuse to go down... <Chilly> Shorts ER2 @ 785.70 <eminitrader> is ur analysis based on the dailies RD <AmazingJason> Covered 1/2 ER2 Short @ 785.50 --> + 0.4 10:35 <les> Trailing Stop Hit ER2 @ 786.3 --> + 0.7 10:36 <Chilly> Covered all ER2 Short @ 785.70 --> 0 <RussellDaytrade> EM, i look at a 1 minute chart, a 5 day with 5 minute bars, and a 15 day for longer reference, mostly the 1 minute, then the 5 day are up constantly, the 15 day is in the backgroound for occassional reference, as that does not require as close monitoring <eminitrader> k thx .. 10:37 Shorts ES @ 1432.75 -> Add 10:38 Covered 1/3 ES Short @ 1431.75 --> + 1 10:41 <ItalianSharp> great job emini...having balls always pays off man! 10:42 not always, but most of the times <eminitrader> he hehe there r times when they get ripped or rarther chopped up IS Sponsor: <ItalianSharp> and this job is about to have balls sometimes...if you dont like risk, better get a 9-5 job <RussellDaytrade> mt general thesis for the coming xmas area of time, is that the market has turned a cornet for the downside. that said, if it stays NEAR the highs (which i expect them too), selloffs may well setup a springboard setting up closer to the xmas period. i base this mostly on the 'sentimentality' of the specialists, i think they'll 'come thru', but that type of dynamic usually requires a spate of selling first to set it up... <eminitrader> yep...my last add was a 2 tick stop IS 10:43 <RussellDaytrade> make eveyone think its selling off, then a surpise rise, etc. <ItalianSharp> nice EM i was short ER2 for some quick ticks and just got out...i cant hyde the fact i was a little scared when i saw YM trying to push thru 10:44 <RussellDaytrade> EM, you may get faster response rate on the er today relative to the es, perhas at ratio of 1 to 3 whatever you normally do in the es <eminitrader> thx IS ...i get stopped out now...its a b/e trdae...the addons helped scalp a couple ..still holding 5 10:45 <ItalianSharp> i think i am off until 1pm when Dallas Fed President Fisher speaks right now i cant see this market making a move higher or lower...CHOP TIME fellas...lol 10:46 <eminitrader> u r right RD ..but i'm am so used to the ES ...its just that its my 1st chioce <RussellDaytrade> i see that, you got a great read on it a high percentage of the time,good trading, seems a bit sluggish to the downside today right about this time. 10:47 <eminitrader> but i'm amazed at ur read on the long term move RD ...great ...my method is basicially for a couple of hrs ...max for the day 10:49 <AmazingJason> Covered Remainder ER2 Short @ 785.80 --> + 0.1 10:50 <RussellDaytrade> thx, we all get lucky every once in a while, thosae charts do help, the patterns repeat with amazing regularity. <eminitrader> that i totally agree ...patterns repeat all the time...key is pattern recognition 10:51 Covered Remainder ES Short @ 1432.50 --> - 2 10:52 lookin more and more like a gap fill on the ES <RussellDaytrade> best way to shut me up, say something nice, (throws me off!) :) 10:53 <eminitrader> lol 10:54 <RussellDaytrade> losing my read in here, i think genertaly market trying to climb outta the hole, may rise fro the next day-to 2-3 as per earlier staement, a buy on selling, time to whack the shorts from the past couple of days 10:57 <les> Shorts ER2 @ 787.1 11:00 Covered all ER2 Short @ 787.9 --> - 0.8 11:01 wrong Covered all ER2 Short @ 787.6 --> - 0.5 <szubaark> Covered all Short NQ at 1806 --> - 6.75 «« paper »» 11:02 * szubaark is now known as szubaark_away 11:03 <szubaark_away> bastids closed the gap on ES 11:06 <eminitrader> yep 11:07 tempting short ...missed a fill 34.75 11:08 see u all in the pm 11:09 <pat255> later emini <eminitrader> later pat 11:10 * codehead is now known as codehead_bbl 11:17 <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) 11:23 <les> Long ER2 @ 785.3 11:32 <pat255> S 87.5 11:33 er out .1 11:36 <les> Exited ER2 Long @ 784.5 --> - 0.8 11:38 Reverse and Enter Short ER2 @ 784.5 <pat255> later guys ty all 11:46 <les> Covered all ER2 Short @ 784 --> + 0.5 12:00 <RussellDaytrade> Long ER2 @ 784.2 «« paper »» could be early, may not have much support in here, might retest am's lows, or at least go lower. 12:01 <les> Long ER2 @ 784.4 Exited all ER2 Long @ 784.9 --> + 0.5 12:03 * les is now known as lesAway 12:28 <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) 12:32 <RussellDaytrade> Exited all ER2 Long @ 785.3 --> + 1.1 «« paper »» 12:37 anybody else got an IB outtage rightnow? mine went out on 3 separate logged-on accounts. 12:40 * NihabaAshi_away is now known as NihabaAshi 12:42 <RussellDaytrade> last time IB had an outtage, market went up 20 points or more in a day or so 12:51 Long ER2 @ 785.3 «« paper »» 12:52 <Brutus> 19 Dec 2006 13:25 EST *DJ Fed's Fisher: Current Inflation Remains Too High 13:26 19 Dec 2006 13:25 EST *DJ Fisher: May Have To Hike Rates If Inflation Doesn't Wane 19 Dec 2006 13:25 EST *DJ Fed's Fisher: Econ's Biggest Risk Is Still Inflation <RussellDaytrade> Brut, today is the counterbalnce to fridays 'tame' cpi report, just he markets way 'indian-giving'. 13:28 way of <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) 13:44 <RussellDaytrade> Exited all ER2 Long @ 786.5 --> + 1.2 «« paper »» 13:45 <NihabaAshi> Shorts ER2 @ 785.90 -> small size 13:56 Shorts ER2 @ 786.20 -> Add 14:01 Covered ER2 Short @ 786.70 --> - 0.8 14:03 Reverse and Enter Long ER2 @ 786.70 Added a few extra contracts on that reverse...worst Add @ 786.70 14:04 Exited 1/2 ER2 Long @ 787.70 --> + 1.5 14:06 That's a +1.00 and not a +1.5 Exited ER2 Long @ 787.40 --> + 0.7 14:07 Holding 2 contracts. My last trade of the day because I missed all the a.m. trading session and not having a good feel for the p.m. trading session because of such has me at a disadvantage to trade the p.m. 14:09 <RussellDaytrade> Niha, a couple weeks back there was reference to an earlier member, AM4swa, that used to post at Futurestrades. I would like to read through some of his posts. do you recall the approx year/months that he was active here, so i can quickly find prior posts? ... 14:10 you're doing well so far, use hwat you know from the am and apply it in the pm. 14:11 <NihabaAshi> Soon after AMT left...my ezboard and many other forums at ezboard was Hacked into... Those log files were deleted I think although I'm not for sure. <RussellDaytrade> may get rejected first time at earlier highs. 14:12 <NihabaAshi> It's one of the main reason why I'm moving from ezboard to handle my own forum instead of allowing a third party to do it for me. <RussellDaytrade> if you think of it later and recall, and they are still accessible, just let me know, thx * lesAway is now known as les 14:13 <NihabaAshi> Exited ER2 Long @ 788.10 --> + 1.4 14:14 Holding 1 contract <les> Shorts ER2 @ 78 14:19 Shorts ER2 @ 788 14:20 <NihabaAshi> Thought I had a chance to capture a 790 price area which most likely would have been a WRB pt3 level... Doesn't look like ER2 will get there prior to me losing my patience. <RussellDaytrade> too extended by the time it got close to 790, not much left in it, by then. 14:21 seems to me your afternoon trading is showing promising results. 14:22 <les> Covered 1/2 ER2 Short @ 787.5 --> + 0.5 14:23 <NihabaAshi> Just lost my patience. 14:24 Exited Remainder ER2 Long @ 787.30 --> + 0.6 14:29 trailing stop hit :( <ItalianSharp> just in time niha your timing with the market is impressive <RussellDaytrade> Long ER2 @ 786.4 «« paper »» <les> Covered Remainder ER2 Short @ 786.4 --> + 1.6 14:30 <ItalianSharp> sometimes i wonder how many contracts you handle because right after you get in/out, the market moves...it looks like you are moving it...:) <NihabaAshi> Actually, I just wait for the volatility to show up... <RussellDaytrade> Exited all ER2 Long @ 787 --> + 0.6 «« paper »» 14:31 Sponsor: <NihabaAshi> That way if I get into a situation where I need to do some size...I can do it with little slippage. <AmazingJason> Shorts ER2 @ 786.90 14:50 * codehead_bbl is now known as codehead 14:52 <AmazingJason> Covered all ER2 Short @ 788 --> - 1.1 <RussellDaytrade> looks higher still 14:54 <les> Long ER2 @ 789.2 14:55 <RussellDaytrade> may wash around and build higher little case, possibly pullback to 788.5, but it looks higher in the fianl analysis 14:56 <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> honor thy stop, just in case <AmazingJason> Shorts ER2 @ 788.90 15:01 <RussellDaytrade> all the work near and below 790 helps to build a short base underneath, with more stops, for when it does go thru it 15:02 whether now, today, or even tomorrow <les> Exited ER2 Long @ 788.6 --> - 0.6 15:06 Reverse and Enter Short ER2 @ 788.6 Covered ER2 Short @ 789.5 --> - 0.9 15:09 Reverse and Enter Long ER2 @ 789.5 <AmazingJason> Covered all ER2 Short @ 790 --> - 1.1 <les> hate making these direction errors :( <Papa777> you and me both 15:10 i suppose all feel the same <les> just when i got in the black too <eminitrader> Shorts ES @ 1440 15:12 <les> exit stop raised ER2 @ 789.6 <AmazingJason> Shorts ER2 @ 790.90 15:13 <eminitrader> exit stop lowered ES @ 1441 15:15 <RussellDaytrade> looks lower now but a continuation up tomorrow, of a sorts 15:16 <les> Exited all ER2 Long @ 790.2 --> + 0.7 15:18 <AmazingJason> looking for another push down 15:20 <eminitrader> llooks like no one wants to sell :( 15:21 <AmazingJason> Covered 1/2 ER2 Short @ 798.70 --> - 7.8 15:25 Covered 1/2 ER2 Short @ 789.70 --> + 1.2 i meant <eminitrader> exit stop moved to breakeven ES @ 1440 be back 15:26 <AmazingJason> still holding hopefully for push down to 789 area 15:27 <RussellDaytrade> there's the push down les 15:35 <AmazingJason> Covered Remainder ER2 Short @ 788.60 --> + 2.3 <yo> gn all <RussellDaytrade> i meant EM <AmazingJason> ok that puts me at BE for the day, slight profit...made 2 bad trades one for bad analysis, other was an emotional revenge trade 15:37 <RussellDaytrade> where at were your trades AJ? 15:38 saw the last ones, meant the earlier ones. 15:39 <AmazingJason> i had one very early in the trade the day* i meant 10:25 AM 15:40 <RussellDaytrade> all short trades today? <AmazingJason> yeah all short <RussellDaytrade> high probabilites for good shorts if sold into spikes up, which today occured in some numners and with regularity 15:42 <AmazingJason> actually there was one short I didn't state in the chat, I did a small short off of NihabaAshi's first short call of the afternoon 15:44 <RussellDaytrade> worth waiting for, look for regular ops when er has risen approx a percent or more off a low, that is often at/near a turning point/ <AmazingJason> i shouldn't have done that trade, the 20 MA on 5-min timeframe came down and was going to carry it higher 15:46 then i reversed it like Niha did and broke even on it lol <eminitrader> Covered 1/2 ES Short @ 1437.50 --> + 2.5 15:47 <AmazingJason> of course, now I've learned my lesson not to mimic, it was stupid...but it's my 1st day in the room <RussellDaytrade> if i recall, that trade Niha may have quickly reversed, which he is fairly adept at, (thats an understatement) <AmazingJason> yeah he is, but i didn't account for the lag between his making the trade and him posting it in chat...i got to experience the lag in real-time :) 15:48 anyways, the next two trades, I was trying to trade solely off candlesticks, which was stupid, i'm pretty much new to them....newbie mistake 15:50 one was during a consolidation without a trend, and the other ended up being a continuation...both likely not valid signals 15:52 <RussellDaytrade> thats ok, you got a feel for it, use your imagination, you know, you asked for a drop into 789, and you got it <eminitrader> Covered Remainder ES Short @ 1438 --> + 2 15:58 see u all tomorow <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 <Brutus> CUL8R 16:11 <NihabaAshi> Take care all and see all tomorrow. 16:12 * NihabaAshi is now known as NihabaAshi_away * DisconnectedSession Close: Tue Dec 19 16:21:24 2006 16:21
Google:
#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:
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
"The point of this whole exercise is to make money. Everything else is just conversation." --Jonathan Hoenig
Home · · About Us · · Accolades · · Trade History
Discussion Forums · · Japanese Candlesticks · · Traders Library
Contact · · Feedback · · Privacy · · Disclaimer
Copyright © 2002-2006. The Strategy Lab. All rights reserved.
