Home

 

About Us

   

Sitemap

 

Contact

 

January Trade Log Trade Strategies WRB Analysis Tutorials Music While Trading Testimonials Disclaimer
 
 

#FuturesTrades January 25th Friday 2008 Trade Log

 

Russell 2000 Emini ER2 Futures

Today Month Year
+19.10 +317.00 +317.00
$1,910 $31,700 $31,700

Profitable Trade

1324pm - 1335pm est

Losing Trade

1026am - 1031am est

click on image to view actual size

 

Current Performance Record

Key Trades of the Day (see chat log below)

Profit/Loss Statement

 

General Strategy Info: The above profit/loss info represents trades by M.A. Perry (a.k.a. NihabaAshi) only and all trades were posted in realtime as shown in the below chat log. 

Although I'm not familiar with the trade methods used by most members of #FuturesTrades, I use a rule based (no subjectivity) methodology that involves WRB Analysis.

  There is some subjectivity involved with some of my trades when I'm developing a new strategy (hence the name TheStrategyLab.com) that uses WRB Analysis.

In fact, many of my trades or profit targets will occur within key WRB support/resistance zones because these price areas gives me a better understanding of key changes in supply demand.

  Traditional pivot point analysis or traditional s/r levels are inadequate in understanding changes in supply/demand of the Russell 2000 Emini ER2 or any other trading instrument of today's markets in comparison to WRB Analysis.

WRB Analysis is also a key aspect in my use of intermarket analysis (ex. Oil and Gold), market seasonal tendencies, volatility analysis and custom Japanese Candlestick patterns to complete my trading plan that results in consistent profits.

Further, position size management is a key aspect of my trading and I trade any where between 1 to 9 contracts per trade depending upon the volatility, pattern signal, seasonal tendencies or intuition.

All of my trades and commentary for today's market action (posted below) are via the user name NihabaAshi (Japanese Candlestick term) and I exclusively trade the Russell 2000 Emini ER2 futures even though I closely monitor other key markets so that I'll have a better understanding of ER2 price action. 

With that said, today's trade posting chat log is below and it contains all my trades that were posted in realtime along with the trades of other members of #FuturesTrades.

Further, if you want the instructions for gaining access to our free #FuturesTrades chat room...click here.

   
  #FuturesTrades purpose, benefits and access info for day traders, swing traders and position traders...click here.
Session Start: Fri Jan 25 09:23:20 2008Session Ident: #futurestrades
* Now talking in #futurestrades09:23
<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<pat255> gm all Niha Nesi & others
<ItalianSharp> morning all09:24
<pat255> bulls all revved up
<ItalianSharp> did you guys read about the Societe General trader who lost 5 Billion Euros in the futures market?
unreal
31 yr old playing with the banks money and overleveraged to the point that the bank had to close all positions over the weekend for massive losses09:25
<rickf> how they missed that is beyond me
<ItalianSharp> yeah...unreal
<rickf> maybe he was the fall guy for their cdo/siv exposure? :)09:26
<ItalianSharp> maybe :)09:27
<startrader>  Shorts ES @ 1367.25 09:31
<drt> gm all
<X>  #FuturesTrades Info -> Chat room for traders and intermarket analysis of Emini Futures (EMD, 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, XLE, QQQQ, SPY)09:33
<szubaark>  Shorts ES @ 1369 «« paper »» 09:34
<startrader> holding 2 at 69 with a large stop. 1st retrace area in here from 12.11.07 highs.09:38
<szubaark>  Covered all Short ES at 1369 --> 0 «« paper »»
Buys ES @ 1369.25 «« paper »»
Exited all Long ES at 1368.50 --> - 0.75 «« paper »» 09:39
Shorts ES @ 1368.50 «« paper »»
<startrader> May trade around this one on the ym, but would like to hit 62 and the gap fill or out on any price action.09:41
<szubaark>  Covered all Short ES at 1364.75 --> + 3.75 «« paper »» 09:43
<rickf> short es 1366.60 paper
<pat255> vn szu had an entry stopped ..dang
<szubaark> where from pat?09:44
<pat255> 1367
<szubaark> :(.. that was a good entry
<pat255> yes shot up to 70
<rickf> exit es 1364.50 paper +209:47
<startrader>  Covered all ES Short @ 1363.25 --> + 4 09:53
<NihabaAshi> Nice
<pat255> vn star ...to hold it ..
<Brutus> good read ST
<rickf> yah i exited too early on that one :(
<startrader> volume at price is huge at 65, could keep it in this area if they don't unload.09:55

ty

first exit was 1.17 afternoon high, 22.75.09:56

62.75
<rickf> short es 1362 paper10:02
<NihabaAshi>  Long ER2 @ 701.90 -> small size 10:04
<startrader> there is that 65 magnet..10:05
<NihabaAshi>  Exited ER2 Long @ 700.70 --> - 1.2 10:09

Reverse and Enter Short ER2 @ 700.70
<szubaark>  Shorts ES @ 1362 «« paper »» 10:10
<NihabaAshi>  Covered ER2 Short @ 701.30 --> - 0.6 10:11
<rickf> exit es 1361.50 + .5pt paper10:12
bad entry :(
<NihabaAshi>  Long ER2 @ 701.40 -> small size 10:13

2 contracts

Will slowly increase my contract size
<startrader> 57.25 is 1st retrace area from yesterdays low and is yesterday'afternoon high. Got a floor r# at 62 and overnight 60 min ivb.10:14
<szubaark>  Covered all Short ES at 1362 --> 0 «« paper »»

Buys ES @ 1362.25 «« paper »» 10:15
<NihabaAshi> Lethargic price action so far today
<szubaark> Hopefully i can catch a WRB PT10:17
<NihabaAshi> DAX not helping :(10:18
<szubaark> dont see any Economic Reports today, could be a long day :(
<pat255> none today10:19
<szubaark>  exit stop moved to breakeven ES @ 1362.25 «« paper »»

Exited all Long ES at 1362.25 --> 0 «« paper »» 10:21
<rickf> just lost my data feeds :(
<NihabaAshi>  Exited ER2 Long @ 701.80 --> + 0.4 10:22
  
Trading Edge: 

Strategies

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, swing trading, market seasonal tendencies, position size management, intermarket analysis with a money back guaranteed policy...click here.
   Trading Strategies ->   Strategies used by NihabaAshi, from entry to exit, exploit inefficiencies in the price action for profits of the following trading instruments via WRB Analysis and Intermarket Analysis: Emini Index Futures (EMD, 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), COMEX Metals Futures (GC), Forex Currencies (EurUsd, EurYen, UsdCdn), Exchange Traded Funds (DIA, GLD, OIH, IWM, QQQQ, SPY, XLE) and Hang Seng Index Futures (HSI) 
  
<szubaark>  Shorts ES @ 1361 «« paper »»
<NihabaAshi> I lost the support of DAX, Oil and Gold10:23
<base> GM all
<NihabaAshi> :(
<szubaark> ES looking more and more like wants to close Gap
<NihabaAshi>  Shorts ER2 @ 701.10 -> small size 10:25
<szubaark>  exit stop moved to breakeven ES @ 1361 «« paper »»
<NihabaAshi> 1 only...back to the start again :(
<startrader> # 2 is off at 58.10:26
+11
Boune to the tick off 57.75.
<szubaark>  Covered all Short ES at 1361 --> 0 «« paper »»

:(
<NihabaAshi>  Covered ER2 Short @ 701.70 --> - 0.6
Reverse and Enter Long ER2 @ 701.70
2 only10:27
<szubaark>  Buys ES @ 1362 «« paper »»
<NihabaAshi> Support being lost again :(10:29
At least they are trying hard to develop a base.
<szubaark>  Exited all Long ES at 1357 --> - 5 «« paper »» 10:31

Shorts ES @ 1357 «« paper »»
<NihabaAshi>  Exited ER2 Long @ 700.70 --> - 1
<szubaark> getting Bearish by the minute10:32
<startrader>  Long ES @ 1357.25
<rickf> short es 1357 paper
<NihabaAshi>  Shorts ER2 @ 700.10 -> medium size 10:33
<pat255> fill the gap10:34

now ..

good read N
<KN-ES>  Long ES @ 53.75 10:35
Exited 5/6 ES Long @ 55.75 --> + 2
<rickf> exit es 1353 +4 paper10:36
<KN-ES> s/l 52.7510:37
<NihabaAshi>  Covered 3/4 ER2 Short @ 699.20 --> + 0.9 10:38

tough price action :(
<rickf> short es 1354.5010:39
paper
<NihabaAshi> It shook me out a bulk of my position too early :(
<KN-ES>  Exited ES Long @ 53.75 --> 0
Reverse and Enter Short ES @ 53.75
<szubaark> getting real jumpy now
<KN-ES>  Covered ES Short @ 54.75 --> - 1
Reverse and Enter Long ES @ 54.75
Exited 5/6 ES Long @ 55.75 --> + 1 10:40
<NihabaAshi> Dark Hammer Line trying to give support
<szubaark>  Covered all Short ES at 1357 --> 0 «« paper »»
<KN-ES>  Exited all ES Long @ 55.50 --> + 0.75 10:41

Shorts ES @ 54 10:42
<NihabaAshi> ER2 very stubborn to drop harder
<Nesi> price behaving like the day we dump big..imo
<szubaark>  Shorts ES @ 1353 «« paper »»
<KN-ES>  Covered 5/6 ES Short @ 53 --> + 1
<NihabaAshi>  Covered Remainder ER2 Short @ 697.80 --> + 2.3 10:43
<KN-ES>  Covered ES Short @ 55 --> - 1

Reverse and Enter Long ES @ 55
<NihabaAshi> geeesh
<szubaark> terrible zig zagging
<KN-ES>  Exited 5/6 ES Long @ 56 --> + 1
<szubaark> :((]
<rickf> exit es 1357 -2.5pts paper10:45
<szubaark> geez
<NihabaAshi> I got a $100 buck and some change to my name today...
Will take a break because this price action is very uncomfortable to trade in.
Be back later.10:46
* NihabaAshi is now known as NihabaAshi_away
<rickf> heh - i was just thinking the same thing
besides it's time for the gym. back later, and good luck
<KiwiRoo> tough condition.....10:49
<KN-ES>  Exited ES Long @ 56.5 --> + 1.5 10:51
Reverse and Enter Short ES @ 56.5
Covered 5/6 ES Short @ 55.5 --> + 1
s/l 5610:54
Shorts ES @ 54.50 10:55
1cs
<szubaark> nice KN10:56
<KN-ES>  Covered Last Contract ES Short @ 52.50 --> + 2 10:57
thanks szubaark
Long ES @ 53 10:58
s/l 56
1cs
s/l 52
out
Exited Last Contract ES Long @ 52 --> - 1
Shorts ES @ 51 11:01
Covered 5/6 ES Short @ 50 --> + 1
s/l 52
Covered ES Short @ 51.50 --> - 0.5 11:02
Reverse and Enter Long ES @ 51.50
Exited 5/6 ES Long @ 52.50 --> + 1
s/l 50
<szubaark>  Covered all Short ES at 1353 --> 0 «« paper »» 11:03
<KN-ES> s/l 49
<szubaark>  Buys ES @ 1351 «« paper »»
<KN-ES>  Exited ES Long @ 50 --> - 1.5 11:04
Reverse and Enter Short ES @ 50
<szubaark>  Exited all Long ES at 1349 --> - 2 «« paper »»

Shorts ES @ 1349 «« paper »»
<KN-ES>  Covered 5/6 ES Short @ 49 --> + 1
<startrader>  Long ES @ 1349.25 11:05
<KN-ES>  Exited ES Long @ 50 --> 0
Reverse and Enter Short ES @ 50
Covered 5/6 ES Short @ 51 --> - 1
that was long
Long ES @ 50 11:06
<szubaark>  Covered all Short ES at 1351.50 --> - 2.5 «« paper »» 11:07

Buys ES @ 1351.50 «« paper »»
<KiwiRoo> bad market condition today. :(11:11
<KN-ES>  Exited ES Long @ 50.50 --> + 0.5 11:12

Reverse and Enter Short ES @ 50.50

Covered 5/6 ES Short @ 49.50 --> + 1

Covered ES Short @ 51 --> - 0.5 11:14

Reverse and Enter Long ES @ 51

Exited 5/6 ES Long @ 52 --> + 1 11:15
<startrader>  Exited 1/2 ES Long @ 1353 --> + 3.75 11:16
<KN-ES>  Exited ES Long @ 52.50 --> + 1.5 11:23

Reverse and Enter Short ES @ 52.50
<szubaark>  Exited all Long ES at 1351 --> - 0.5 «« paper »» 11:24
Shorts ES @ 1351 «« paper »»
<KN-ES>  Covered 5/6 ES Short @ 51.50 --> + 1

s/l 5511:26

Covered Remainder ES Short @ 47.50 --> + 5 11:28
<szubaark> nice catch
<KN-ES> thanks

just bored sitting

trying to click here and there11:29
<startrader> shaking out longs from the 15 min reversal bar and right below the 62% retrace. see if they can run it up from here for 10 handles.11:30
<KN-ES>  Long ES @ 49
<startrader> 47.50 is the daily floor pivot.
<KN-ES>  Exited 5/6 ES Long @ 50 --> + 1 11:31

s/l 46
<Brutus> is that a calculation star or from the chart?11:32
<startrader> it's the standard calculation and have it in the indiacator package. Not great on it's own but good for confluence.11:34
<szubaark>  Covered all Short ES at 1353 --> - 2 «« paper »»
Buys ES @ 1353 «« paper »»
<Brutus> daily pivot point calc, ic11:35
<KN-ES>  Exited 1/2 ES Long @ 55 --> + 6 11:36
s/l 49
<Brutus> vn KN11:37
<KN-ES> thanks Brutus
its may go as high as 64
letting the last contract go of its own
with a protected s/l11:38
<X>  #FuturesTrades Info -> Chat room for traders and intermarket analysis of Emini Futures (EMD, 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, XLE, QQQQ, SPY)11:39
<KN-ES> s/l 51
Exited ES Long @ 55 --> + 6 11:40
Reverse and Enter Short ES @ 55
<startrader>  Exited Remainder ES Long @ 1455.25 --> + 106 11:42
<KN-ES>  Covered 5/6 ES Short @ 54.50 --> + 0.5 11:43
Covered 1/2 ES Short @ 54 --> + 1 11:44
s/l 58
Covered ES Short @ 56 --> - 1 11:47
Reverse and Enter Long ES @ 56
Covered ES Short @ 55 --> + 1 11:49
Reverse and Enter Long ES @ 55
Exited 5/6 ES Long @ 54 --> - 1
that is short
Shorts ES @ 55
Covered 1/2 ES Short @ 53 --> + 2 11:50
s/l 58
<KiwiRoo> nice trading KN... impressive in this chop..11:51
<KN-ES> :)
trying to get out with some + lots within the first point11:52
giving some space to the last 1/2
thats 1 or 2 conts11:53
making the overall trade + side
<KiwiRoo> yeah. gotta take the first few points to lock in profit... too jumpy..
<KN-ES> and if lost the last trade, trying to get the pints back with the next trade, b/e11:54
mostly
<KiwiRoo> good management. :)11:55

r u a tape trader?
<KN-ES> depends how you go difining that
I go with everything, well, mosly volume
<KiwiRoo> just been looking.... you reverse your trade when tape speed up on the other side.. etc..11:56
<KN-ES> say, the blance is now at 54.75
r1 55.25
and huge reg at 55.75
on the other hand it may go as low as 51
<KiwiRoo> reg ?11:57
<KN-ES> with a little registance at 52.75
registance
and support
<KiwiRoo> you mean resistance ?11:58
<KN-ES> i m just looking at volume
resistance
yes
<KiwiRoo> oh yeah...
<KN-ES>  Covered ES Short @ 53.50 --> + 1.5
Reverse and Enter Long ES @ 53.50
<KiwiRoo> same here.. i look for color, volume and speed...
<KN-ES>  Exited 5/6 ES Long @ 54.50 --> + 1
thats 54.25 fill11:59
<KiwiRoo> nice..
<KN-ES>  Exited 1/2 ES Long @ 55 --> + 1.5 12:00
yes kiwiRoo, thats what i was telling about
it went as low ast 51.25
the support was at 55
the support was at 51
not 55
<KiwiRoo> got cha..12:01
<KN-ES> so, you can have a general idea whats going on in nect 10/ 15 min
next
<KiwiRoo> i got 58 next area.
<startrader>  Long ES @ 1355.75
<KiwiRoo> actually 57..
<KN-ES> 56.75 in my reading12:02
<rickf> back

bush speaking 1230ET
<KiwiRoo> Him again....
<KN-ES> :)12:03
<rickf> lol "gentlemen queue your shorts" :)
<KN-ES> i think He is one of the good indicators still works

queue for shorts!

s/l 5112:04
<TraderO>  Long ER2 @ 702.7 12:05
<KN-ES>  Exited ES Long @ 53.5 --> 0

Reverse and Enter Short ES @ 53.5
<szubaark>  Exited all Long ES at 1353.50 --> + 0.5 «« paper »»
Shorts ES @ 1353.50 «« paper »»
<KiwiRoo> tape going fast now....12:06
<TraderO> STOP 700.2 on ER2 Longs
<KN-ES>  Covered 5/6 ES Short @ 53.50 --> 0

Covered 1/2 ES Short @ 52.50 --> + 1 12:09

again exit tooo early12:10
<rickf> this is a boring trendy tape right now imho12:15
of course having said that it'll pick right up to prove me wrong, just watch :(
<KN-ES>  Covered Last Contract ES Short @ 52 --> + 1.5 12:21

Long ES @ 5150 12:22

SZ
<domvert> sz?
<KN-ES>  Exited ES Long @ 5150 --> 0 12:23

Reverse and Enter Short ES @ 5150
<szubaark>  exit stop moved to breakeven ES @ 1353.50 «« paper »»
<KN-ES> REV

Long ES @ 51.50
<szubaark> KN you have T1 line for Internet?12:24
<startrader> This is like pre fed action.12:25
<szubaark>  Covered all Short ES at 1353.25 --> + 0.25 «« paper »»
Buys ES @ 1353.25 «« paper »»
<KN-ES>  Exited 5/6 ES Long @ 53 --> + 1.5

Exited 1/2 ES Long @ 52.50 --> + 1 12:26

S/L 49
<szubaark> looks like they trying to put everyone to sleep before next major move12:27
<rickf> szu - I have 1.5mb line here
<szubaark>  Exited all Long ES at 1351 --> - 2.25 «« paper »» 12:30
Shorts ES @ 1351 «« paper »»
<KN-ES>  Exited ES Long @ 51.50 --> 0

Reverse and Enter Short ES @ 51.50

Covered 5/6 ES Short @ 51 --> + 0.5

s/l 5312:31
<rickf> short es 1351 paper
<KN-ES>  Covered 1/2 ES Short @ 50.50 --> + 1

s/l 53 1 cts12:32

Covered ES Short @ 50.75 --> + 0.75 12:37

Reverse and Enter Long ES @ 50.75

Exited 5/6 ES Long @ 51.75 --> + 1 12:38

Exited 1/2 ES Long @ 51.50 --> + 0.75

s/l 48.75

Exited ES Long @ 50 --> - 0.75 12:39

Reverse and Enter Short ES @ 50

sz
<domvert> whatis sz
size?12:40
<KN-ES>  Covered 1/2 ES Short @ 49.50 --> + 0.5

yes
<silo> morning
<KN-ES>  Covered Last Contract ES Short @ 50.25 --> - 0.25
<TraderO>  Exited all ER2 Long @ 700.6 --> - 2.1 12:41
<KN-ES>  Long ES @ 50.25

Exited 5/6 ES Long @ 50.75 --> + 0.5 12:42

Exited 1/2 ES Long @ 51.25 --> + 1 12:43

s/l 48.50

Exited ES Long @ 49.50 --> - 0.75 12:47

Reverse and Enter Short ES @ 49.50

sz

Covered 1/2 ES Short @ 46 --> + 3.5 12:49

s/l 50
<rickf> exit es 1346 +5pts paper12:50
<Brutus> 01/25/2008 12:49 *DJ Bush: It Would Be A Mistake To Delay Or Derail Stimulus Pkg12:54
<KN-ES>  Covered ES Short @ 41 --> + 8.5 12:57
Reverse and Enter Long ES @ 41
no
exit
<rickf> vn
<KN-ES> no reverse12:58
thanks rickf
<rickf> if i didnt have data problems i'd have kept that short from 51 on. :(
<KN-ES>  Long ES @ 42.75
Exited 5/6 ES Long @ 43.50 --> + 0.75 12:59
Exited 1/2 ES Long @ 43 --> + 0.25
<rickf> short es 1342

paper
<KN-ES> s/l 4013:00
Exited ES Long @ 40 --> - 2.75 13:02
Reverse and Enter Short ES @ 40
Covered 5/6 ES Short @ 39.50 --> + 0.5
<szubaark>  Covered all Short ES at 1339.25 --> + 11.75 «« paper »»
<Brutus> shoulda seen today coming, everyone turned so bullish
even asi was up like 5%13:03
asia
<szubaark> we coudnt even retrace 50% on last counterthrust attmpt
<KN-ES>  Covered ES Short @ 4050 --> - 4010
Reverse and Enter Long ES @ 4050
sz
Long ES @ 40.50 13:04
Exited 1/2 ES Long @ 41.50 --> + 1 13:05
<Brutus> 110 pts on the Es was enough profit for the first leg :))
* NihabaAshi_away is now known as NihabaAshi13:08
<KN-ES>  Exited Remainder ES Long @ 41 --> + 0.5 13:09

lost tradestation again

nop -- s/l wasnt hit13:12

Exited Remainder ES Long @ 43 --> + 2.5 13:17

rev

Exited ES Long @ 43 --> + 2.5

Reverse and Enter Short ES @ 43

Covered 5/6 ES Short @ 42.50 --> + 0.5

Covered ES Short @ 44.25 --> - 1.25 13:18

Reverse and Enter Long ES @ 44.25

Exited 5/6 ES Long @ 44.50 --> + 0.25 13:19
<NihabaAshi>  Shorts ER2 @ 696.30 -> small size
intuition13:20
<KN-ES>  Exited 1/2 ES Long @ 45.50 --> + 1.25 13:23

Exited ES Long @ 44 --> - 0.25 13:24

Reverse and Enter Short ES @ 44
<NihabaAshi> What's that ???
<KN-ES>  Covered 5/6 ES Short @ 43 --> + 1
<NihabaAshi> Somebody dropped something and now trying to pick up the pieces :)13:25
<silo> and his arms are reaching down to the floor right now :P

trying to reach for that coin he dropped
<KN-ES> nop i guess take profit13:26
<startrader>  Long ES @ 1341 13:27
<KN-ES>  Covered 1/2 ES Short @ 41.25 --> + 2.75
s/l 44
<NihabaAshi>  Covered 2/3 ER2 Short @ 692.80 --> + 3.5 13:28

geeesh
<rickf> exit es 1339 +3 paper13:29
<startrader>  Long ES @ 1340
<NihabaAshi> Earlier this morning I had a little over $100 bucks in profits and ready to call it quits for the day...
<KN-ES>  Covered Last Contract ES Short @ 39 --> + 5

rev
<NihabaAshi> Now I'm close to my profit goal of the day via that price drop.
<KN-ES>  Long ES @ 39 13:30

Exited 5/6 ES Long @ 40 --> + 1

s/l 38
<NihabaAshi> Oil, Gold and DAX trying hard to give some support13:31
<KN-ES>  Exited 1/2 ES Long @ 40.50 --> + 1.5

Exited ES Long @ 39.75 --> + 0.75 13:32

Reverse and Enter Short ES @ 39.75

Covered 5/6 ES Short @ 38.75 --> + 1
<NihabaAshi> They couldn't do it :)
<KN-ES> s/l 41

Covered 1/2 ES Short @ 38.75 --> + 1 13:33
<NihabaAshi> They are trying again to provide some support
<KN-ES>  Covered ES Short @ 39.25 --> + 0.5 13:34

Reverse and Enter Long ES @ 39.25

sz

Exited all ES Long @ 38 --> - 1.25 13:35

rev

Shorts ES @ 38

sz
<rickf> short es 1338
paper
<KN-ES>  Covered 1/2 ES Short @ 35.50 --> + 2.5
<NihabaAshi>  Covered Remainder ER2 Short @ 690.10 --> + 6.2
<ItalianSharp> if eminis are to bounce today, now its a good time13:36
<KN-ES>  Covered Remainder ES Short @ 34 --> + 4 13:37
Long ES @ 35
1 ct
Exited all ES Long @ 37 --> + 2 13:38
it may reach as high as 4013:39
<KiwiRoo> Nice trade there.13:40

both way down and up.
<KN-ES> 1 ct, didnt have much choice
<TraderO>  Shorts ER2 @ 690.6
<KN-ES> for the last trade, tired to lock the profit13:41
<KiwiRoo> I caught the down move... didn't go long...
<KN-ES> :)
<X>  #FuturesTrades Info -> Chat room for traders and intermarket analysis of Emini Futures (EMD, 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, XLE, QQQQ, SPY)13:42
<KN-ES>  Shorts ES @ 36 13:47
<KiwiRoo> I think this side way action is setting up for more short...

oh there it goes.
<KN-ES>  Covered 5/6 ES Short @ 35 --> + 1
Covered 1/2 ES Short @ 34.50 --> + 1.5
<TraderO>  Covered all ER2 Short @ 689.6 --> + 1
<KN-ES> s/l 40
<NihabaAshi>  Shorts ER2 @ 689.60 -> small size 13:48
<startrader> 1332 is 38% of move from 1270 to 1370, would like to see a peekaboo bottom there.
<NihabaAshi> 1 contract only because I'm in profit protection mode.
<cwellsi> friday sell offs another sign of a bear market
<KiwiRoo> watch for 29.75. next area.13:49
<NihabaAshi>  Covered ER2 Short @ 687.90 --> + 1.7 13:50
<pat255> vn
<KN-ES>  Covered Last Contract ES Short @ 33 --> + 3
dont have much energy left to take this jumps
<KiwiRoo> that stupid pop up shook me out.....13:51
<KN-ES> :(13:52
<KiwiRoo> wactch for big bounce at 30... or bigger tank..

21 is next... wooo long way..13:53
<KN-ES>  Long ES @ 30.50 13:54
sz
Exited 1/2 ES Long @ 31.50 --> + 1 13:55
<rickf> exit es 1330 +8 paper
<KiwiRoo> 35 next resistance.. :P13:56
<KN-ES>  Exited Remainder ES Long @ 34 --> + 3.5 13:57

now kind of even
<KiwiRoo> nice trading mate...
<KN-ES> thanks
<KiwiRoo> above 35 and u in big money trade for sure..13:58
<KN-ES> 36 should be a safe entry
<KiwiRoo> I'm looking for a reversal back down...13:59
<KN-ES> so am I :)
<KiwiRoo> don't like going against the major flow...
<KN-ES>  Shorts ES @ 32.50 14:00

Covered 5/6 ES Short @ 32 --> + 0.5

Covered Remainder ES Short @ 32.50 --> 0 14:01
<KiwiRoo> what was that. hmmm..
<KN-ES> very 1 tick trail

was sure then lost it

Shorts ES @ 32.75 14:05

Covered 5/6 ES Short @ 32 --> + 0.75

Covered 1/2 ES Short @ 31.75 --> + 1 14:06

s/l 34.50
* cwellsi short ER 690
<KN-ES>  Covered all ES Short @ 32.75 --> 0 14:07

Long ES @ 33.75 14:08

sz

out 32.75

Long ES @ 32.75 14:09

Exited 5/6 ES Long @ 33.75 --> + 1 14:10

Exited 1/2 ES Long @ 34.5 --> + 1.75 14:11

s/l 31

Exited Remainder ES Long @ 36 --> + 3.25 14:13
<rickf> vn14:14
<KN-ES> thanks rickf

Shorts ES @ 35.50 14:16

sz

Covered all ES Short @ 36 --> - 0.5 14:17

Shorts ES @ 35.50 14:18

sz

Covered 1/2 ES Short @ 33 --> + 2.5

Covered Remainder ES Short @ 33 --> + 2.5 14:19

11/2

1/2

that was t/p14:20

Covered Remainder ES Short @ 32.50 --> + 3 14:21
<KiwiRoo> you are like a leading indicator KN.14:22
<KN-ES>  Long ES @ 34

1 ct

:)

t/p 3514:23

done
<NihabaAshi>  Long ER2 @ 691.20 -> small size
<KiwiRoo> t/p ?

total profit?
<NihabaAshi> 1 only
<KN-ES>  Exited all ES Long @ 35 --> + 1
* rickf took/take profit
<KiwiRoo> oh ic.
<KN-ES> Now i will see how high it goes, and keep kicking myself, story of my life
<rickf> murphy's first law of futures trading

:|
<KN-ES>  Shorts ES @ 36.50 14:25
<NihabaAshi>  Exited ER2 Long @ 691.30 --> + 0.1
<KN-ES> sz
<NihabaAshi> :(
<KN-ES>  Covered 1/2 ES Short @ 36 --> + 0.5
s/l 36.5014:26
hit
Long ES @ 37 14:27
sz
out .5
s/l 36.50
rev14:28
<KiwiRoo> they're trying to push this thing up...

failed bad....
<KN-ES>  Shorts ES @ 36.50
Covered 5/6 ES Short @ 35.50 --> + 1
<rickf> short es 1334 paper
<KN-ES>  Covered 1/2 ES Short @ 33.50 --> + 3 14:29
s/l 36.50
<NihabaAshi>  Shorts ER2 @ 689.00 -> small size

Big time chaser

trade signal back at 690.6014:30
<KN-ES>  Covered Last Contract ES Short @ 36.25 --> + 0.25
Long ES @ 35.75
sz14:31
Exited 1/2 ES Long @ 36.5 --> + 0.75
s/l 35.75
<rickf> exit es short 1336 -2 paper
<KN-ES>  Exited Remainder ES Long @ 36.75 --> + 1
no direction at all14:32
<rickf> stupid trade :(
<KN-ES>  Shorts ES @ 36
sz14:33
<KiwiRoo> triangle forming..
<KN-ES> out 35.50 half
+ .5
s/l 36.514:34
<NihabaAshi> volatility declining fast

I'm expecting a volatility spike here soon
<KiwiRoo> tape is like a snail...14:35
when the tringle breakes then it should spike...
<KN-ES> rev14:36

out +.5

s/l 36

half14:37
<NihabaAshi> volatility breakout
<KiwiRoo> push push push..
<KN-ES>  Long ES @ 36.50
Exited 1/2 ES Long @ 36.50 --> 0
<KiwiRoo> darn..

wow... fake out?14:38
<KN-ES> oout at 36
<NihabaAshi> breakouts usually pull back a little

How much this time is any bodies guess
<szubaark>  Shorts ES @ 1336.25 «« paper »»
<KiwiRoo> this stupid thing shook me out again... :(
<KN-ES>  Long ES @ 36.50 14:39
Exited 5/6 ES Long @ 37.50 --> + 1
36.50 like a pivot
<KiwiRoo> wow.. this is wild...14:40
<szubaark> this is usual, followthru days are very rare
<KiwiRoo> 500 lots sellers... ... hmmm

i guess the big guns want to keep this things down...
<KN-ES> otu at 36 2 cts14:41
rev
<rickf> short es 1335 paper14:42
<KiwiRoo> all market sellings now...
<KN-ES>  Shorts ES @ 36

Covered 5/6 ES Short @ 35 --> + 1

s/l 36.5014:43
<rickf> oops was 36
<KN-ES>  Covered Remainder ES Short @ 36.50 --> - 0.5

its too riskey

risky
<NihabaAshi> geeesh
<KiwiRoo> yup.. i'm sitting..
<KN-ES>  Shorts ES @ 36.50
<KiwiRoo> wow.

break down...
<NihabaAshi> Pin Ball Machine
Dark WRB downwards14:44
<szubaark> Fun IF you are a Professional Scalper
<KN-ES>  Covered 5/6 ES Short @ 33.50 --> + 3
<NihabaAshi> WRB pt1 reached
<szubaark>  Covered all Short ES at 1334 --> + 2.25 «« paper »»
<KN-ES>  Covered 5/6 ES Short @ 35.550 --> + 0.95 14:45

Covered 1/2 ES Short @ 34.50 --> + 2
<ItalianSharp> long squeeze all over again now?
<KN-ES> s/l 37
<rickf> exit es 1333 +2 paper14:47
<KN-ES> thats a break, from 36 and 36.5
<NihabaAshi>  Covered ER2 Short @ 687.90 --> + 1.1
Volatility rising fast14:48
<KN-ES>  Covered Last Contract ES Short @ 32.50 --> + 4 14:49

Shorts ES @ 35.50

1 crs
<KiwiRoo> GJ. I'm amazed... LOL
<KN-ES> 32.5014:50

thats
<ItalianSharp> here is the long squeeze14:52
<KiwiRoo> support once again at 30.
<KN-ES>  Covered all ES Short @ 30.50 --> + 5
that should be +3
* cwellsi covers ER 685.9 +4.1
<KN-ES> nop that should be +2
<pat255> vn cw kn ...wtg
<KiwiRoo> yeah awesome work..
<KN-ES>  Shorts ES @ 31 14:53
<cwellsi> ty pat
<KiwiRoo> below 30 = big money.
<rickf> short es 1329.50
paper
<KN-ES> 5/56 at 30 if it goes back

5/6
<pat255> u guys are really good ...my hats off to u all
<KN-ES>  Covered 5/6 ES Short @ 30 --> + 1
<startrader>  Long ES @ 1329.50 14:54
<KN-ES>  Covered 1/2 ES Short @ 29.50 --> + 1.5

dont think it will go down

s/l at 32.2514:55

Covered ES Short @ 30.25 --> + 0.75 14:56

Reverse and Enter Long ES @ 30.25

1 cont
<rickf> exit es short 1331 - 1.5pts paper14:57
<KN-ES>  Exited all ES Long @ 33.25 --> + 3
<KiwiRoo> nice job guys.... caught that as well.14:58
<startrader> my system is frooze and sitting long.
<KiwiRoo> oh..
<pat255> oops ...:(14:59
<KiwiRoo> where is your stop at?
don't worry.. looking ok for now.
<pat255> es 33.25
<KiwiRoo> it got hit..
<startrader> came back to see 33.75 print. stop at 27.75
<KiwiRoo> oh...15:00
<startrader> ty
<KN-ES>  Shorts ES @ 33
sz
  
WRB Analysis
  
<KiwiRoo> above 35 and should be rocketed....
* cwellsi shorts ER 687.115:01
<KN-ES> out at 34

-1

now it wil go down15:02

after taking my loss
<KiwiRoo> hehe... don't worry.. u got enough from it.
<KN-ES> :)15:03

trying to end the day with a nice win

have 10 min at max15:04
<KiwiRoo> this is going to get push through.
35.
...
some one here with big contracts help!!15:05
<KN-ES> nop, not hetween here and 36 again

haha, how big KiwiRoo?
<KiwiRoo> 35 is huge.....
lol..500 lots trader help LOL.
<KN-ES> haha

i go at most 1415:06

so its way way and way down
<KiwiRoo> lol...
<KN-ES> short 33.50
<KiwiRoo> no one is above it :(
<KN-ES>  Shorts ES @ 33.50

Covered 5/6 ES Short @ 32.50 --> + 1 15:07

out all 33.50

Covered Remainder ES Short @ 33.50 --> 0

done...... 10 point is a somehow not bad to close the day
<KiwiRoo> awesome job...15:08
<KN-ES> thanks KiwiRoo, its one of those days, just clicked
<KiwiRoo> they're testing 35 again.. for sure.
<KN-ES> yes 29 and 36.50
<KiwiRoo> don't know how u did it... it was tough for me in the AM session.15:09
<KN-ES> when its choppy volume works great

coz no one has the control, you just go against the flow

its like options, majority looses15:10
<KiwiRoo> I like to trade with the flow.. so this 2sided day is killing me.
<KN-ES> volume up or down , over bought or over sold, wait for some one with a midium size contracts

u have a go
<KiwiRoo> u wait for price pause and go against it?
<KN-ES> yes15:11

:)
<KiwiRoo> LOL.. kool..
<KN-ES> its like dont enter a trade at the top or the bottom

enter always at the bottom

so if it goes other way, you will be the one who will loose less then anyone else15:12
<KiwiRoo> if two sided day i get in at the top and out right away..
1 point stop for me.
<KN-ES> today, most of the time i used 1 tick trail
<KiwiRoo> got no problem with trending days..
1tick... wow..tight.
go at market?
<KN-ES> since market has no direction, you try to take out every single drop15:13
<KiwiRoo> there goes 35.
<KN-ES> now its a break out looks like

but i have to go, done for the day
<KiwiRoo> 42 next!!
<KN-ES> nice trading to everyone

see you all tomorrow
<KiwiRoo> ok mate.. nice trading..
<KN-ES> nop

monday
<rickf> later
<KiwiRoo> have a good weekend.
<KN-ES> thanks
<Brutus> cya KN15:14
<KN-ES> have a nice day trading
:)
it may bounce back from 38
back to 34
:)
<KiwiRoo> above 38 then we get 42...
<ripsboy> excellent trading KN...
<KN-ES> yes, 47 looks like a nice resistance15:15

thanks ripsboy

and 50 is a good phycological number

to stop for the week end15:16

weekend

:)
<startrader>  Exited all ES Long @ 1338.50 --> + 9
<KiwiRoo> woo.. nice hold...st.
<startrader> lost phone and connectivity to broker but not the irc or explorer, strange. Kept me in the trade.15:18
<KiwiRoo> 3ticks shy of 42. but its not done yet..15:20

47 after..

huge contracts sitting on 43.50.. fake!15:23
<NihabaAshi>  Long ER2 @ 691.60 -> small size 15:36
geeesh15:44
<X>  #FuturesTrades Info -> Chat room for traders and intermarket analysis of Emini Futures (EMD, 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, XLE, QQQQ, SPY)15:45
<NihabaAshi>  Exited ER2 Long @ 690.50 --> - 1.1 15:46
Reverse and Enter Short ER2 @ 690.50
position reversal in this type of price action not to smart15:47
<pat255> y ...but is working ...nice15:48
<rickf> shorted es 1334.50 paper15:49
<NihabaAshi>  Covered ER2 Short @ 687.90 --> + 2.6 15:50

Shorts ER2 @ 687.20 -> small size 15:51

intuition and greed
<rickf> exit 1/2 @ 1329 +4.5 paper15:52
<NihabaAshi>  Covered ER2 Short @ 687.10 --> + 0.1 15:54

punks...didn't give me a fill at 686.60
<pat255> moving to orapidly ...me too in am missed by a tick &B then stopped15:55
<rickf> exit 1/2 @ 1330 +4 paper

not being greedy

k all - ended the week on a good day of trading despite it being all paper15:57

have a good weekend!
<Brutus>  ============ U.S. MARKETS ACTION ===========16:12
DJIA down 187.29 points to 12192.78
NASDAQ down 36.45 points to 2324.47
S&P 500 down 23.36 points to 1328.31
10-year T-note up 98/32 at 105 11/32 yield 3.597
NYMEX Spot Crude up $1.28 at $90.69/bbl at close
Dollar/Euro down 0.0088 at 1.4666
http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={2abe3 ab3-91b0-46e8-88f1-fc5b8dfaab87}
<werner> gn all16:13
<ripsboy> Everyone have a great weekend...bye16:14
<Brutus> have a good weekend all16:26
<NihabaAshi> Take care all and have a great weekend.17:12
* sep34 is now known as sep34_away17:16
<X>  #FuturesTrades Info -> Chat room for traders and intermarket analysis of Emini Futures (EMD, 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, XLE, QQQQ, SPY)17:51
* codehead is now known as codehead_afk21:03
  
Sponsor:

Skype  

  

 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.

  

Google
  

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 EMD, ER2, ES and NQ   

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

COMEX Metals Gold GC and ZG

Hang Seng Index Futures HSI

Last of all, if you have any questions about any of the above commentary, specific trades et cetera...

Don't hesitate to ask your questions and we'll reply back as soon as possible.

Sincerely,

M.A. Perry and Associates

TheStrategyLab.com

 questions@thestrategylab.com

"The point of this whole exercise is to make money. Everything else is just conversation." --Jonathan Hoenig

DAX   FTSE-100   CAC-40   EC   ER2   ES   NQ   YM   QQQQ   SPY   IWM   DIA   CL   QM   NG   OIH   XLE   GC   GLD   ZN   ZB   ZF   BUND   EurUsd   UsdCdn

 
Home Trade Strategies Trading Manual Testimonials Traders Library Refund Policy
 
Performance Record Trade History Japanese Candlesticks Discussion Forum #FuturesTrades Chat Room
 
About Us Referral Program Feedback Privacy Disclaimer Contact
 

Copyright © 2002 - 2008. The Strategy Lab. All rights reserved.