#FuturesTrades March 13th Thursday 2008 Trade Log

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: Thu Mar 13 09:28:26 2008Session Ident: #FuturesTrades
* Now	talking in #FuturesTrades	09:28
<eminitrader>	hi niha
* NihabaAshi:	you're not channel operator
<eminitrader>	guys rollover - ESM08	09:29
* NihabaAshi:	you're not channel operator
<PapaJon>	yep	09:30
* NihabaAshi:	you're not channel operator
<NihabaAshi>	Welcome back eminitrader.	09:31
<eminitrader>	thx niha...good to be back :)
* NihabaAshi:	you're not channel operator
<szubaark>	Shorts ES @ 1292.25 «« paper »»
* NihabaAshi:	you're not channel operator
* DisconnectedSession	Close: Thu Mar 13 09:31:37 2008
	Session Start: Thu Mar 13 09:45:19 2008Session Ident: #futurestrades
* Now	talking in #futurestrades	09:45
<X>	[NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<eminitrader>	Long ES @ 1111
<V_trader>	exit stop lowered YM @ 11941
<eminitrader>	Exited Remainder ES Long @ 1111 --> 0
	testing	09:46
<Kn-Dx>	buy limit to cover DAX short @ 6422
<eminitrader>	Long ES @ 1288.50	09:47
<V_trader>	Covered Remainder YM Short @ 11937 --> + 19	09:49
<eminitrader>	Exited 1/3 ES Long @ 1290.50 --> + 2
<Kn-Dx>	Covered DAX Short @ 6419 --> + 3	09:51
	Reverse and Enter Long DAX @ 6419
<Spartan>	Shorts ES @ 1288 «« paper »»
<Kn-Dx>	Exited DAX Long @ 6417 --> - 2	09:52
	Reverse and Enter Short DAX @ 6417
<szubaark>	Shorts ES @ 1288 «« paper »»
<Kn-Dx>	Covered 1/3 DAX Short @ 6412.50 --> + 4.5
<Spartan>	got in to late on that one
<Kn-Dx>	Covered DAX Short @ 6417 --> 0	09:53
	Reverse and Enter Long DAX @ 6417
	Exited all DAX Long @ 6415 --> - 2	09:54
	Shorts DAX @ 6412	09:55
<eminitrader>	Exited 1/3 ES Long @ 1289.50 --> + 1
<Kn-Dx>	Covered 2/3 DAX Short @ 6409 --> + 3
	Covered DAX Short @ 6412 --> 0
	Reverse and Enter Long DAX @ 6412
	Exited 1/3 DAX Long @ 6417.50 --> + 5.5	09:56
	sell limit to exit DAX long @ 6412	09:57
	ohit
	Shorts DAX @ 6412.00	09:58
<eminitrader>	Exited Remainder ES Long @ 1288.50 --> 0
<V_trader>	Shorts YM @ 11929 -> large size
<Kn-Dx>	Covered 1/3 DAX Short @ 6406.5 --> + 5.5
<Spartan>	Covered all ES Short @ 1286 --> + 2 «« paper »»
<Kn-Dx>	buy limit to cover DAX short @ 6412	09:59
	Covered DAX Short @ 6412 --> 0
	Reverse and Enter Long DAX @ 6412
	Exited 1/3 DAX Long @ 6417.50 --> + 5.5	10:00
	sell limit to exit DAX long @ 6412
	Exited DAX Long @ 6412 --> 0
	Reverse and Enter Short DAX @ 6412
	Covered 1/3 DAX Short @ 6406.50 --> + 5.5	10:01
<V_trader>	Covered 2/3 YM Short @ 11918 --> + 11
<Kn-Dx>	Covered DAX Short @ 6412 --> 0
	Reverse and Enter Long DAX @ 6412
	Exited 1/3 DAX Long @ 6417.50 --> + 5.5
<V_trader>	exit stop moved to breakeven YM @ 11929
	Trailing Stop Hit YM @ 11929 --> 0	10:02
<Kn-Dx>	sell limit to exit DAX long @ 6412
<NihabaAshi>	Long ER2 @ 655.70 -> medium size
<Kn-Dx>	Exited 1/3 DAX Long @ 6422.50 --> + 10.5	10:03
<Spartan>	Long ES @ 1290 «« paper »»	10:04
<eminitrader>	Shorts ES @ 1292	10:05
<ItalianSharp>	hey, welcome back emini...long time no see	10:06
<eminitrader>	thx IS
<Kn-Dx>	Exited 1/2 DAX Long @ 6427.50 --> + 15.5	10:07
<Spartan>	Exited all ES Long @ 1288 --> - 2 «« paper »»
<Kn-Dx>	1/6
<NihabaAshi>	Exited ER2 Long @ 656.10 --> + 0.4
<szubaark>	Niha, what contract Month u trading?
<NihabaAshi>	szu...should be obvious	10:08
<eminitrader>	Covered 1/3 ES Short @ 1290 --> + 2
<Spartan>	Shorts ES @ 1288 «« paper »»
	Covered all ES Short @ 1290 --> - 2 «« paper »»	10:09
<eminitrader>	Covered Remainder ES Short @ 1292 --> 0
<Spartan>	Long ES @ 1290 «« paper »»	10:10
<eminitrader>	Shorts ES @ 1295	10:11
<Spartan>	Exited all ES Long @ 1293 --> + 3 «« paper »»
<Kn-Dx>	Exited Remainder DAX Long @ 6437.50 --> + 25.5
<Spartan>	Long ES @ 1292.25 «« paper »»	10:12
<Kn-Dx>	Long DAX @ 6531.50	10:13
	Long DAX @ 6431.50	10:14
	Exited 1/3 DAX Long @ 6438 --> + 6.5
	sell limit to exit DAX long @ 6429.50	10:15
<V_trader>	Long YM @ 11974 -> large size
<Spartan>	Exited all ES Long @ 1290.25 --> - 2 «« paper »»	10:19
	drats
<Nesi>	Shorts ER2 @ 658.50
<eminitrader>	Covered 1/2 ES Short @ 1292 --> + 3
<Kn-Dx>	Shorts DAX @ 6429.50
<V_trader>	Long YM @ 11974	10:20
<Kn-Dx>	Covered 1/3 DAX Short @ 6424 --> + 5.5
<eminitrader>	exit stop lowered ES @ 1296.25
	be back guys
<Spartan>	Shorts ES @ 1290 «« paper »»
<V_trader>	Exited all YM Long @ 11954 --> - 20	10:21
<Kn-Dx>	Covered 1/3 DAX Short @ 6419 --> + 10.5
	buy limit to cover DAX short @ 6429.50	10:22
	Covered 1/2 DAX Short @ 6409 --> + 20.5	10:23
	1/6
<Spartan>	Covered all ES Short @ 1286 --> + 4 «« paper »»
<V_trader>	Shorts YM @ 11925 -> large size
<Spartan>	finally
<szubaark>	Looking for Tuesdays gap close	10:24
<Spartan>	Goal reached for trading day. Gotta go to work now.	10:25
	later
<eminitrader>	Covered 1/3 ES Short @ 1288 --> + 7	10:26
	hld 1	10:27
	exit stop moved to breakeven ES @ 1295
<V_trader>	Covered Remainder YM Short @ 11925 --> 0	10:29
* Spartan	is now known as Spartan_Away	10:30
<lumenPharmer>	changing charts to M, volume almost equal now	10:32
<Nesi>	Exited ER2 Long @ 657.60 --> - 0.9	10:33
	Reverse and Enter Short ER2 @ 657.60
<Kn-Dx>	Covered DAX Short @ 6429.50 --> 0	10:34
	Reverse and Enter Long DAX @ 6429.50
<Nesi>	Covered all ER2 Short @ 658.10 --> - 0.5
<Kn-Dx>	Exited 1/3 DAX Long @ 6435.00 --> + 5.5	10:35
	Exited Remainder DAX Long @ 6429.50 --> 0	10:36
<V_trader>	Shorts YM @ 11914 -> large size
<Kn-Dx>	rev
	Exited DAX Long @ 6429.50 --> 0
	Reverse and Enter Short DAX @ 6429.50
	Covered 1/3 DAX Short @ 6419 --> + 10.5	10:37
	Covered 1/3 DAX Short @ 6414 --> + 15.5
<szubaark>	nice trading KN
<V_trader>	Covered 2/3 YM Short @ 11894 --> + 20	10:38
<Kn-Dx>	buy limit to cover DAX short @ 6429.50
	thanks szubaark
	Covered DAX Short @ 6424 --> + 5.5	10:41
	Reverse and Enter Long DAX @ 6424
	Exited 1/3 DAX Long @ 6431.50 --> + 7.5	10:42
	Exited DAX Long @ 6426.00 --> + 2	10:43
	Reverse and Enter Short DAX @ 6426.00
<ItalianSharp>	oil hit 1K
	gold sorry	10:44
<Kn-Dx>	Exited DAX Long @ 6427 --> + 1
	Reverse and Enter Short DAX @ 6427
<ItalianSharp>	unreal...commodity prices are soaring, the end of the world is near
<eminitrader>	:)
<Kn-Dx>	should be long	10:45
<Pepe>	:)
<Kn-Dx>	out and rev 25
	Shorts DAX @ 6425
<jsbach->	i think es is getting ready to move
<Kn-Dx>	Covered 1/3 DAX Short @ 6420.50 --> + 4.5
<ItalianSharp>	need to do a reboot of my system
<eminitrader>	Covered Remainder ES Short @ 1284 --> + 11
<Pepe>	very nice emini	10:46
<eminitrader>	thx p
<Kn-Dx>	Covered DAX Short @ 6424 --> + 1	10:47
	Reverse and Enter Long DAX @ 6424
<jsbach->	see if the second leg of my oscillator forms double bottom
<Kn-Dx>	Exited 1/3 DAX Long @ 6431.50 --> + 7.5	10:48
	Exited 1/3 DAX Long @ 6429.50 --> + 5.5	10:50
	Exited DAX Long @ 27.50 --> - 6396.5
	Reverse and Enter Short DAX @ 27.50
<V_trader>	Long YM @ 11898 -> small size
<Kn-Dx>	Covered DAX Short @ 26 --> + 1.5	10:51
	Reverse and Enter Long DAX @ 26
	Exited 1/3 DAX Long @ 31.50 --> + 5.5
<NihabaAshi>	sneaky price action	10:52
<X>	#FuturesTrades Info ->  No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended without their permission. More info at www.thestrategylab.com/FuturesTradesChat Room.htm
<eminitrader>	yep ..the volatility is make the noise terrible...hard to hold size in the direction of the flow	10:53
<Kn-Dx>	Exited DAX Long @ 25 --> - 1
	Reverse and Enter Short DAX @ 25
	Shorts DAX @ 28
	that should be long
<NihabaAshi>	Long ER2 @ 656.00 -> medium size
<Kn-Dx>	Long DAX @ 28
<Pepe>	DAX? wow	10:54
<Kn-Dx>	Exited all DAX Long @ 29.50 --> + 1.5
	Long DAX @ 29	10:55
	Exited all DAX Long @ 30.50 --> + 1.5
	Long DAX @ 29
	Exited all DAX Long @ 30.50 --> + 1.5
	Shorts DAX @ 28	10:56
	Covered all DAX Short @ 26.50 --> + 1.5
	Long DAX @ 29
	sell limit to exit DAX long @ 30.50	10:57
	Exited 1/3 DAX Long @ 36.00 --> + 7
	Exited 1/3 DAX Long @ 34 --> + 5	10:58
	Exited all DAX Long @ 30.50 --> + 1.5
<NihabaAshi>	Exited ER2 Long @ 656.10 --> + 0.1
<Kn-Dx>	rev
	Shorts DAX @ 30.50
	Covered 1/3 DAX Short @ 25 --> + 5.5	10:59
	Covered DAX Short @ 29.00 --> + 1.5
	Reverse and Enter Long DAX @ 29.00
	sell limit to exit DAX long @ 30.50
	Exited 1/3 DAX Long @ 36 --> + 7
	Exited 1/3 DAX Long @ 34 --> + 5
	Exited all DAX Long @ 30.50 --> + 1.5	11:00
	Long DAX @ 30.50
<NihabaAshi>	Second trade today where ER2 took me out on a retrace and then power back upwards :(
<Kn-Dx>	Exited all DAX Long @ 33.50 --> + 3	11:01
	rev
	Shorts DAX @ 33.50
	Covered all DAX Short @ 27.50 --> + 6
	not all
	1/3	11:02
	Covered 1/3 DAX Short @ 23 --> + 10.5
	Covered DAX Short @ 27 --> + 6.5
	Reverse and Enter Long DAX @ 27
	Exited 1/3 DAX Long @ 32.50 --> + 5.5
<eminitrader>	Shorts ES @ 1288.75
<Kn-Dx>	sell limit to exit DAX long @ 27
	Exited DAX Long @ 27 --> 0	11:03
	Reverse and Enter Short DAX @ 27
	Covered 1/3 DAX Short @ 20 --> + 7
<eminitrader>	Covered 1/2 ES Short @ 1286.75 --> + 2
<Kn-Dx>	Covered 1/3 DAX Short @ 21.50 --> + 5.5
	buy limit to cover DAX short @ 27	11:04
	rev
	Long DAX @ 27
	Exited all DAX Long @ 28.50 --> + 1.5
<eminitrader>	Covered Remainder ES Short @ 1288.75 --> 0	11:05
<Kn-Dx>	Long DAX @ 25
<NihabaAshi>	Long ER2 @ 657.00 -> small size
<Kn-Dx>	Exited 1/3 DAX Long @ 35.50 --> + 10.5
<NihabaAshi>	intuition trade
<Kn-Dx>	Exited 1/3 DAX Long @ 50.50 --> + 25.5
<szubaark>	Covered all Short ES at 1293.25 --> - 5.25 «« paper »»	11:06
<NihabaAshi>	* News ???
<szubaark>	Buys ES @ 1293.25 «« paper »»
<Kn-Dx>	Exited 1/2 DAX Long @ 65.50 --> + 40.5
	1/6
<Andy>	wow
<NihabaAshi>	Exited 2/3 ER2 Long @ 661.20 --> + 4.2
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)
<Kn-Dx>	sell limit to exit DAX long @ 30.50	11:07
<Pepe>	wow, very nice NIha
<Kn-Dx>	Exited Remainder DAX Long @ 55.50 --> + 30.5	11:08
<szubaark>	:((
<Kn-Dx>	rev
	Shorts DAX @ 55.50
	Covered 1/3 DAX Short @ 50 --> + 5.5
<NihabaAshi>	Bronco Buck...geesh	11:09
<Kn-Dx>	Covered DAX Short @ 54 --> + 1.5	11:10
	Reverse and Enter Long DAX @ 54
	Exited 1/3 DAX Long @ 68.50 --> + 14.5
<szubaark>	Any news?	11:11
<Kn-Dx>	Exited 1/3 DAX Long @ 80.50 --> + 26.5
	sell limit to exit DAX long @ 60	11:12
	Exited DAX Long @ 74.50 --> + 20.5
	Reverse and Enter Short DAX @ 74.50
	Covered 1/3 DAX Short @ 69 --> + 5.5
	Covered 1/3 DAX Short @ 64 --> + 10.5	11:13
	buy limit to cover DAX short @ 74.50
<lumenPharmer>	szub S&P says end of write downs in sight
	i think that got us the pop	11:14
<Kn-Dx>	Covered DAX Short @ 64 --> + 10.5
	Reverse and Enter Long DAX @ 64
<Nesi>	Long ER2 @ 661.00
<jsbach->	lots of volume
	could go to 1320
<lumenPharmer>	end of quarter games must be on your toes	11:15
<Kn-Dx>	Exited all DAX Long @ 65.50 --> + 1.5
	rev
	Shorts DAX @ 65.50
<szubaark>	yeah pulling back like crazy
<Kn-Dx>	Covered 1/3 DAX Short @ 60 --> + 5.5
	buy limit to cover DAX short @ 65.50	11:16
	Covered DAX Short @ 57.50 --> + 8	11:17
	Reverse and Enter Long DAX @ 57.50
	Exited 1/3 DAX Long @ 63 --> + 5.5
<Nesi>	Long ER2 @ 660.00 -> Add
<Kn-Dx>	Exited 1/3 DAX Long @ 65 --> + 7.5	11:18
	Exited DAX Long @ 60 --> + 2.5	11:19
	Reverse and Enter Short DAX @ 60
	Covered all DAX Short @ 58.50 --> + 1.5
	rev
	Long DAX @ 58.50
	Exited 1/3 DAX Long @ 64 --> + 5.5	11:20
<Nesi>	Long ER2 @ 661.00 -> Add
<Kn-Dx>	Exited 1/3 DAX Long @ 69 --> + 10.5	11:21
	sell limit to exit DAX long @ 58.50
<NihabaAshi>	Excellent volatility...	11:22
<Kn-Dx>	Exited 1/2 DAX Long @ 84 --> + 25.5
<NihabaAshi>	A little scary though :)
<Kn-Dx>	1/6
<ItalianSharp>	unreal bounce	11:23
	gotta be news related...or something is cooking
<NihabaAshi>	Exited Remainder ER2 Long @ 665.10 --> + 8.1
<ItalianSharp>	well, next week we got the FED meeting
<Kn-Dx>	Exited Remainder DAX Long @ 99 --> + 40.5
<Pepe>	nice Guys	11:24
<Kn-Dx>	Shorts DAX @ 95.50	11:25
	Covered 1/3 DAX Short @ 85 --> + 10.5
	Covered 1/3 DAX Short @ 80 --> + 15.5	11:27
	Covered 1/2 DAX Short @ 74 --> + 21.5
	1/6
	buy limit to cover DAX short @ 90	11:29
	Covered DAX Short @ 80 --> + 15.5	11:39
	Reverse and Enter Long DAX @ 80
	Exited 1/3 DAX Long @ 85.50 --> + 5.5	11:40
	Exited 1/3 DAX Long @ 95.50 --> + 15.5	11:41
	sell limit to exit DAX long @ 80	11:42
	Exited DAX Long @ 90.50 --> + 10.5
	Reverse and Enter Short DAX @ 90.50
	Covered 1/3 DAX Short @ 85 --> + 5.5	11:43
	buy limit to cover DAX short @ 90.50	11:47
	Covered 1/3 DAX Short @ 75 --> + 15.5	11:48
<szubaark>	Exited all Long ES at 1296.50 --> + 3.25 «« paper »»
<Kn-Dx>	Covered 1/2 DAX Short @ 80 --> + 10.5	11:50
<szubaark>	Buys ES @ 1299 «« paper »»
<Kn-Dx>	srt YM @ 12011 s.1/6
	thats 1/6
	srt YM @ 12011 s.l 12040
	Covered DAX Short @ 88 --> + 2.5	11:52
	Reverse and Enter Long DAX @ 88
	Exited DAX Long @ 88 --> 0	11:53
	Reverse and Enter Short DAX @ 88
	Covered 2/3 DAX Short @ 86.50 --> + 1.5	11:54
	Covered DAX Short @ 88.50 --> - 0.5
	Reverse and Enter Long DAX @ 88.50
	Exited 2/3 DAX Long @ 90 --> + 1.5
	Exited DAX Long @ 88.50 --> 0	11:56
	Reverse and Enter Short DAX @ 88.50
	Covered 2/3 DAX Short @ 87 --> + 1.5
	Covered 1/2 DAX Short @ 83 --> + 5.5	11:58
	buy limit to cover DAX short @ 88.50	11:59
	Covered DAX Short @ 87 --> + 1.5	12:00
	Reverse and Enter Long DAX @ 87
	Exited 1/3 DAX Long @ 97.50 --> + 10.5	12:01
<szubaark>	nice KN
<ItalianSharp>	amazing really by eminis...i am wondering if we are going to see new lows today...with this type of volatility, i wouldnt be too shocked...:)	12:03
<Kn-Dx>	Exited 1/3 DAX Long @ 107.50 --> + 20.5	12:04
	sell limit to exit DAX long @ 92.50
	thanks szubaark	12:05
	Exited DAX Long @ 107.50 --> + 20.5	12:07
	Reverse and Enter Short DAX @ 107.50
	buy limit to cover DAX short @ 107.50
	Covered 1/3 DAX Short @ 102 --> + 5.5
	Covered 1/3 DAX Short @ 102 --> + 5.5	12:10
	Covered DAX Short @ 507 --> - 399.5	12:11
	Reverse and Enter Long DAX @ 507
	Exited all DAX Long @ 8.50 --> - 498.5	12:12
<Andy>	Shorts ER2 @ 670.4 «« paper »»
<szubaark>	Exited all Long ES at 1305 --> + 6 «« paper »»
<Kn-Dx>	Long DAX @ 8.50	12:13
	sell limit to exit DAX long @ 8.50
<szubaark>	Shorts ES @ 1304 «« paper »»
<Kn-Dx>	Exited DAX Long @ 509 --> + 500.5	12:14
	Reverse and Enter Short DAX @ 509
	sl 509	12:15
	Long DAX @ 509
	Exited 1/3 DAX Long @ 514.50 --> + 5.5	12:16
	Exited 1/3 DAX Long @ 519.50 --> + 10.5
<Nesi>	Exited all ER2 Long @ 670.00 --> + 18	12:17
<Kn-Dx>	sell limit to exit DAX long @ 509.50
<Andy>	Covered 2/3 ER2 Short @ 669.8 --> + 0.6 «« paper »»	12:18
<szubaark>	Covered all Short ES at 1304.25 --> - 0.25 «« paper »»	12:19
<Kn-Dx>	Exited DAX Long @ 514.50 --> + 5.5	12:20
	Reverse and Enter Short DAX @ 514.50
<Andy>	Covered ER2 Short @ 667.3 --> + 3.1 «« paper »»	12:21
<Kn-Dx>	Covered 1/3 DAX Short @ 509 --> + 5.5	12:22
	buy limit to cover DAX short @ 514.50
<Andy>	Covered Remainder ER2 Short @ 668.1 --> + 2.3 «« paper »»	12:24
<Kn-Dx>	Covered DAX Short @ 513 --> + 1.5
	Reverse and Enter Long DAX @ 513
	s.l 509
	Exited 1/3 DAX Long @ 18.50 --> - 494.5	12:27
	Exited 1/3 DAX Long @ 518.50 --> + 5.5
<Pepe>	Kn-Dx you are very busy trader.	12:29
<eminitrader>	:)
<Pepe>	how many trades do you trade for one day?
<Kn-Dx>	Exited DAX Long @ 513.50 --> + 0.5
	Reverse and Enter Short DAX @ 513.50
	Covered 1/3 DAX Short @ 503 --> + 10.5	12:35
<werner>	ja ik hou je goed in de gate	12:36
<Kn-Dx>	Covered 1/3 DAX Short @ 508 --> + 5.5
<V_trader>	Shorts YM @ 12060 -> large size	12:37
<Kn-Dx>	buy limit to cover DAX short @ 513.50
	Pepe : as long as I can servive, and not that tired :)
* codehead_afk	is now known as codehead
<Andy>	Shorts ER2 @ 670.1 «« paper »»
<Kn-Dx>	Covered 1/2 DAX Short @ 500.50 --> + 13	12:38
<Andy>	Covered all ER2 Short @ 670.2 --> - 0.1 «« paper »»	12:39
<Kn-Dx>	servive = survive ...... kind of lost b/w screens
<V_trader>	Covered 2/3 YM Short @ 12050 --> + 10	12:42
	exit stop moved to breakeven YM @ 12060
<Andy>	Shorts ER2 @ 670.4 «« paper »»
<V_trader>	Covered 1/2 YM Short @ 12040 --> + 20	12:43
<Andy>	Covered 1/2 ER2 Short @ 668.6 --> + 1.8 «« paper »»	12:44
<V_trader>	exit stop lowered YM @ 12020	12:45
	Trailing Stop Hit YM @ 12020 --> + 40	12:47
<Andy>	Covered ER2 Short @ 669 --> + 1.4 «« paper »»	12:50
	holding 1	12:51
<Kn-Dx>	short YM @ 12022 S.l. 12040	12:53
<Andy>	Covered Remainder ER2 Short @ 670.1 --> + 0.3 «« paper »»	12:54
<X>	#FuturesTrades Info ->  No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended without their permission. More info at www.thestrategylab.com/FuturesTradesChat Room.htm	12:58
<Andy>	Shorts ER2 @ 672.3 «« paper »»	13:02
	lousy entry
<NihabaAshi>	Shorts ER2 @ 671.30 -> small size	13:04
<Andy>	Covered 2/3 ER2 Short @ 671.7 --> + 0.6 «« paper »»	13:05
<NihabaAshi>	geeesh
<Andy>	Covered Remainder ER2 Short @ 671.2 --> + 1.1 «« paper »»
<NihabaAshi>	Covered ER2 Short @ 671.90 --> - 0.6
	Reverse and Enter Long ER2 @ 671.90
<Andy>	error
<NihabaAshi>	wow	13:06
<Andy>	that was .1
<NihabaAshi>	I almost got steamed rolled over
	Too bad its only 1 contract
<szubaark>	Buys ES @ 1304.50 «« paper »»	13:07
	chasing here, shitty entry
	exit stop moved to breakeven ES @ 1304.50 «« paper »»	13:08
<NihabaAshi>	Exited ER2 Long @ 675.20 --> + 3.3
<szubaark>	hopefully doesnt retrace right away	13:09
	with 1 contract i cant scale out, need to hold longer
	yup
<Kn-Dx>	Shorts DAX @ 513.50
<szubaark>	Exited all Long ES at 1304.50 --> 0 «« paper »»
	2 contract players exiting their halfs causing the retrace and stopping me out :((	13:10
<Kn-Dx>	buy limit to cover DAX short @ 513.50
<V_trader>	Shorts YM @ 12083 -> small size
<Andy>	Shorts ER2 @ 676.2 «« paper »»	13:11
<robert>	Shorts ES @ 06 «« paper »»
<V_trader>	Covered all YM Short @ 12073 --> + 10	13:13
<Andy>	Covered 3/4 ER2 Short @ 675.8 --> + 0.4 «« paper »»	13:14
	:(
<robert>	Covered 1/2 ES Short @ 04 --> + 2 «« paper »»	13:15
	Covered Remainder ES Short @ 04 --> + 2 «« paper »»	13:17
<NihabaAshi>	Resistance area up here	13:19
<V_trader>	Long YM @ 12077 -> small size
<NihabaAshi>	However, the price action has shown several times that there's more to this than TA :)
<V_trader>	Exited 1/2 YM Long @ 12087 --> + 10	13:20
<NihabaAshi>	Simply, be careful when focusing exclusively on TA.
<ItalianSharp>	ES almost back in the green	13:21
<Andy>	Covered Remainder ER2 Short @ 676.2 --> 0 «« paper »»
<V_trader>	stop run or break out either way it should edge higher i think :0
<ItalianSharp>	2 ticks shy
<Andy>	that trade was called being in the right place with the wrong timing
<robert>	Shorts ES @ 08.75 «« paper »»	13:22
<Kn-Dx>	Shorts DAX @ 516.50
	s.l 520.50
<NihabaAshi>	What's that word they say in golf when you hit a ball and you want to warn people to duck ???
	:)
<robert>	Covered 1/2 ES Short @ 07.50 --> + 1.25 «« paper »»	13:23
<V_trader>	Exited Remainder YM Long @ 12096 --> + 19
<Andy>	I was wondering what that red spot on my forehead was... :)
<NihabaAshi>	:)
	I've only been hit once by a golf ball and that's because my brother used it as ammo in his homemade slingshot when we were kids.	13:24
	Almost put my eye out.
<brotherofjared>	The word is "fore"	13:25
<NihabaAshi>	Yeah...that's it
<brotherofjared>	probably more golf courses per capita here in AZ except maybe FLA	13:26
<robert>	Covered Remainder ES Short @ 09.50 --> - 0.75 «« paper »»	13:27
<NihabaAshi>	More highs
	Anybody in here still holding Longs since 1045am - 11am est ???	13:28
<eminitrader>	Shorts ES @ 1317	13:29
<robert>	Shorts ES @ 13.50 «« paper »»	13:30
<eminitrader>	[13:31] <eminitrader> partial fill only :(
	k got in
<Kn-Dx>	done with dax, volume dropping like anything
* Kn-Dx	is now known as KN-ES	13:31
<KN-ES>	Shorts ES @ 14.50	13:33
	Covered 3/4 ES Short @ 13.50 --> + 1	13:34
	s.l 16.50
	tp 12 +-	13:36
<eminitrader>	Shorts ES @ 1319 -> Add
<robert>	Shorts ES @ 17 -> Add «« paper »»	13:37
<KN-ES>	Shorts ES @ 1318	13:39
	Covered 3/4 ES Short @ 1316.75 --> + 1.25
	s.l 19.50	13:40
<robert>	Covered 1/4 ES Short @ 15 --> + 2 «« paper »»	13:41
	b/e
<eminitrader>	Covered 1/2 ES Short @ 1316.50 --> + 2.5	13:44
	thats 0.5 from the first lot
<robert>	Covered 1/4 ES Short @ 14.25 --> - 0.75 «« paper »»	13:45
	+1
	Covered 1/4 ES Short @ 13.25 --> + 0.25 «« paper »»	13:47
	+2
	stops to b/e	13:48
	Covered Remainder ES Short @ 11.50 --> + 2 «« paper »»
	+3.75	13:49
<KN-ES>	out 1 1311.75 ............ + 6.25
<eminitrader>	Covered 1/3 ES Short @ 1314 --> + 3	13:50
	hld 2
<KN-ES>	out 1 1312.75 ............ + 5.25	13:52
	out 1 1313.75 ............ + 4.25	13:53
	out 1 1314.75 ............ + 3.25	13:54
<eminitrader>	Covered Remainder ES Short @ 1317 --> 0
<KN-ES>	out 1 1315.75 ............ + 2.25
	out lst 1 1316.75 ............ + 1.25	13:55
	lng 1377.50
<robert>	Shorts ES @ 20 «« paper »»	13:56
<eminitrader>	Shorts ES @ 1322
<KN-ES>	out 3/4 1318.75 ............ + 1.25
	out 1 1319.75 ............ + 2.25	13:57
	out 1 1320.75 ............ + 3.25
	out 1 1321.75 ............ + 4.25
	s.l 17.00	13:58
<robert>	Shorts ES @ 22 -> Add «« paper »»
<KN-ES>	-0.5
<robert>	Covered 1/4 ES Short @ 19.50 --> + 2.5 «« paper »»
	+.5
	Covered 1/4 ES Short @ 18.50 --> + 1.5 «« paper »»	13:59
	+2
<eminitrader>	Covered 1/2 ES Short @ 1320 --> + 2
<robert>	Covered 1/4 ES Short @ 18.25 --> + 1.75 «« paper »»
	+2
<KN-ES>	add 2 18.25
<robert>	stop to b/e	14:00
<KN-ES>	out 3/4 1318.25 1319.50 ............ + 1.50
	1.25
	out 2	14:01
	out 1 1319 ............ + 2.00	14:03
	add 2 17.50
	out 2 17.50 18.50 +1.00
	add 17.25 2	14:04
	s.l hit
	srt 17.25
	out 3/4 16.25 .............. +1.00
<eminitrader>	Covered 1/3 ES Short @ 1318 --> + 4
	hld 1	14:05
	exit stop moved to breakeven ES @ 1322
<KN-ES>	rev 18.25 - 1.00
<eminitrader>	Covered Remainder ES Short @ 1322 --> 0	14:06
<robert>	Covered Remainder ES Short @ 20.25 --> - 0.25 «« paper »»
	b/e
<KN-ES>	out 3/4 20.25 .............. + 2.00
<eminitrader>	done for the day...good trading all
<KN-ES>	out 1 1319.50 ............ + 1.25	14:07
	out 3 1319.50 ............ + 1.25
	out 1 1321.50 ............ + 3.25	14:08
	add 3 20.50
	out 3 22.00 .......... + 1.50	14:09
<Andy>	Shorts ER2 @ 679.9 «« paper »»
	sad, sad entry	14:10
<KN-ES>	rev to srt 20.50 ............ out lng ........ + 2.25
	out 1 1319.50 ............ + 1.00	14:11
	3/4
	s.l 22.75
	out 1 1318.50 ............ + 2.00	14:13
	out 2 1318.50 ............ + 2.00
<Andy>	Covered all ER2 Short @ 679.1 --> + 0.8 «« paper »»	14:14
<KN-ES>	add 4 19.50	14:16
	add 8 22.00	14:17
	out 6 22.00 17.00 .............. + 5.00	14:19
	out all 20.50 17 ............ + 3.50
	out all 19.50 17.00 ................. + 2.50	14:20
<NihabaAshi>	Shorts ER2 @ 677.70 -> small size
	1 only
	:(	14:22
<KN-ES>	s.l 22.25 ( -0.25 )	14:23
<NihabaAshi>	Covered ER2 Short @ 674.60 --> + 3.1
	ooops
	Covered ER2 Short @ 678.40 --> - 0.7
<KN-ES>	add 8 21.50
	out all 8 21.50 19.50 .................... + 2.00	14:24
<NihabaAshi>	Shorts ER2 @ 679.00 -> small size	14:25
<KN-ES>	out all 8 20.50 19.50 .................... + 2.00
<NihabaAshi>	intuition trade
<KN-ES>	opps
	add 8 20.50
	out all 8 20.50 19.50 .................... + 1.00
* codehead	is now known as codehead_afk
<KN-ES>	add 8 20.50
	out all 8 20.50 19.50 .................... + 1.00
	same s/r
<NihabaAshi>	Pin Ball Machine price action
<KN-ES>	add 8 20.50	14:26
	out all 8 20.50 19.50 .................... + 1.00
	again
	add 8 20.50	14:27
	out all 8 20.50 19.50 .................... + 1.00
	add 4 20.50
	add 8 22.25	14:28
	srt 22.25
	out all (-2) 20.25 + 2.00	14:29
	add 8 22.25
	out all 8 22.25 21.25 .................... + 1.00
	add 4 21.50	14:30
	s.l 23.25
	out all 4 21.50 20.50 .................... + 1.00
	add 4 20.50	14:31
<NihabaAshi>	Covered ER2 Short @ 677.80 --> + 1.2	14:32
<KN-ES>	out all 4 20.50 18.50 .................... + 2.00
	add 4 19.50	14:33
<szubaark>	Shorts ES @ 1319.25 «« paper »»
<NihabaAshi>	bronco buck
<KN-ES>	out all 4 19.50 18.50 .................... + 1.00	14:34
<NihabaAshi>	Very tough trade to stay in
<KN-ES>	add 4 19
* NihabaAshi	is now known as NihabaAshi_away
<KN-ES>	out all 4 19.00 16.00 .................... + 3.00	14:35
	out 1 22.25 16.25 .................... + 6.00	14:36
	add 4 17.50
	out all 2 17.50 15.50 .................... + 2.00	14:37
	2 not all
	add 4 16.50	14:38
<szubaark>	KN scalp-o-mania LOL
<KN-ES>	out all 4 16.50 15.50 .................... + 1.00
	add 2 16.50	14:39
	out all 4 16.50 14.50 .................... + 2.00	14:42
	out last 2 17.50 14.50 .................... + 3.00
<Andy>	I think KN was a hibachi chef in a previous incarnation :)
<KN-ES>	:)	14:43
	i will check that out for you :)
<Andy>	:)
<KN-ES>	1 con holdiing .........target 12.25	14:44
<szubaark>	Covered all Short ES at 1315 --> + 4.25 «« paper »»
<Andy>	Long ER2 @ 676.1 «« paper »»	14:45
<KN-ES>	nice szubaark
<szubaark>	thnx
<rickf>	sweet	14:46
<Andy>	Exited all ER2 Long @ 675.2 --> - 0.9 «« paper »»	14:47
	Long ER2 @ 676.2 «« paper »»	14:48
<KN-ES>	srt 4 15.00	14:49
<szubaark>	nice tradable chart TODAY
<KN-ES>	out 4 15.00 14.00 ...... + 1.00	14:50
	srt 4 14.50
	add
<rickf>	i'm on the sidelines - had to deal with a client for most of the day and missed all the fun. :(
<KN-ES>	otu all 4 13.50 +1.00
	srt 4 15.00	14:51
	otu all 4 14.00 + 1.00
<rainer>	Long ER2 @ 676.20
<KN-ES>	rev 14.50	14:52
	out srt 22.25 14.50 ............... + 7.75
	sl 12.50	14:53
	rev to lng at 14.50
<Andy>	Exited 3/4 ER2 Long @ 677.2 --> + 1 «« paper »»	14:54
<rainer>	Exited all ER2 Long @ 677.00 --> + 0.8
<KN-ES>	rev to srt 14.25 /out lng -0.25	14:55
<Andy>	Exited Remainder ER2 Long @ 676.3 --> + 0.1 «« paper »»
<KN-ES>	s.l 16
	out 7/8 14.50 13.25 ...... + 1.00
	14.25	14:56
	rev to lng 15	14:57
	Long ES @ 15
	Exited 3/4 ES Long @ 16.25 --> + 1.25
	sl 13	14:58
	Exited 1/4 ES Long @ 17.25 --> + 2.25
<X>	#FuturesTrades Info ->  No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended without their permission. More info at www.thestrategylab.com/FuturesTradesChat Room.htm	15:01
<KN-ES>	Exited 1/4 ES Long @ 19.25 --> + 4.25	15:02
	Exited 1/4 ES Long @ 18.25 --> + 3.25
	rev
	17
	Exited ES Long @ 17 --> + 2
	Reverse and Enter Short ES @ 17
	Covered 3/4 ES Short @ 16 --> + 1	15:03
	Covered ES Short @ 17 --> 0
	Reverse and Enter Long ES @ 17
	Exited ES Long @ 16 --> - 1
	Reverse and Enter Short ES @ 16
	Covered 3/4 ES Short @ 15 --> + 1	15:04
	s.l 18.25
	Covered ES Short @ 15.75 --> + 0.25	15:06
	Reverse and Enter Long ES @ 15.75
	Exited 3/4 ES Long @ 16.75 --> + 1
	Exited 1/4 ES Long @ 17.75 --> + 2
	s.l 14	15:07
	Exited 1/4 ES Long @ 18.75 --> + 3	15:08
<Andy>	Shorts ER2 @ 679.5 «« paper »»	15:10
	Covered 1/4 ER2 Short @ 678.7 --> + 0.8 «« paper »»	15:12
<KN-ES>	add 8 17.00
<Andy>	Covered Remainder ER2 Short @ 679.5 --> 0 «« paper »»	15:13
<KN-ES>	out all 8 19.00 ...... + 2.00
	hlolding 2	15:14
	Exited 1/2 ES Long @ 19.75 --> + 4
	tp 23+-	15:15
	Exited ES Long @ 19.25 --> + 3.5	15:16
	Reverse and Enter Short ES @ 19.25
	Covered 3/4 ES Short @ 18.25 --> + 1
	Covered ES Short @ 18.50 --> + 0.75
	Reverse and Enter Long ES @ 18.50
	sl 17
	Exited ES Long @ 18 --> - 0.5	15:17
	Reverse and Enter Short ES @ 18
	Covered 3/4 ES Short @ 17 --> + 1
	sl 19
	Covered 1/4 ES Short @ 16.50 --> + 1.5	15:21
	we need a 1/5 option
	Covered 1/4 ES Short @ 16 --> + 2	15:23
	s.l 21
	expecting a b/o downward	15:24
	nop
	Covered ES Short @ 17.50 --> + 0.5
	Reverse and Enter Long ES @ 17.50
	Exited 3/4 ES Long @ 18.50 --> + 1	15:25
	Exited 1/4 ES Long @ 19.50 --> + 2
	Exited 1/4 ES Long @ 20.50 --> + 3	15:26
	s.l 17.50 0.00	15:27
<Andy>	Shorts ER2 @ 680.3 «« paper »»
<KN-ES>	Exited ES Long @ 20.25 --> + 2.75
	Reverse and Enter Short ES @ 20.25
	Covered 3/4 ES Short @ 19.25 --> + 1	15:28
	Covered 1/4 ES Short @ 18.75 --> + 1.5
	s.l 22
<rainer>	Shorts ER2 @ 680.00
<KN-ES>	Covered ES Short @ 19.75 --> + 0.5
	Reverse and Enter Long ES @ 19.75
<Andy>	Covered all ER2 Short @ 681 --> - 0.7 «« paper »»	15:29
<KN-ES>	Exited 3/4 ES Long @ 21.75 --> + 2
	Exited ES Long @ 21 --> + 1.25
	Reverse and Enter Short ES @ 21
<Andy>	Shorts ER2 @ 680.2 «« paper »»
<KN-ES>	Covered 3/4 ES Short @ 19 --> + 2	15:30
	Covered 1/4 ES Short @ 18.50 --> + 2.5
	Covered 1/4 ES Short @ 19.50 --> + 1.5
<Andy>	Covered 1/4 ER2 Short @ 679.1 --> + 1.1 «« paper »»
<KN-ES>	Covered ES Short @ 20 --> + 1
	Reverse and Enter Long ES @ 20
	Exited 3/4 ES Long @ 21 --> + 1	15:31
	Exited ES Long @ 20.50 --> + 0.5
	Reverse and Enter Short ES @ 20.50
	Shorts ES @ 21.50
	Covered 3/4 ES Short @ 20.50 --> + 1
<rainer>	Covered all ER2 Short @ 678.60 --> + 1.4	15:32
<KN-ES>	Covered 1/4 ES Short @ 20 --> + 1.5
<Andy>	Covered 1/4 ER2 Short @ 679.5 --> + 0.7 «« paper »»
<KN-ES>	Covered 1/4 ES Short @ 19.50 --> + 2
<Andy>	Covered 1/4 ER2 Short @ 678.4 --> + 1.8 «« paper »»	15:33
<KN-ES>	Covered 1/4 ES Short @ 18.50 --> + 3	15:34
	add 4 19
	out all 4 19 18 ................. + 1.00	15:35
	Covered 1/4 ES Short @ 17.50 --> + 4	15:36
	Covered ES Short @ 18 --> + 3.5	15:37
	Reverse and Enter Long ES @ 18
	Exited 3/4 ES Long @ 19 --> + 1	15:38
	Exited 1/4 ES Long @ 19.50 --> + 1.5
<NihabaAshi_away>	Wow...somebody is very busy trading today :)
	I feel guilty.
<KN-ES>	just killing time, bored
	sl 17
<Andy>	Covered Remainder ER2 Short @ 679.9 --> + 0.3 «« paper »»	15:39
<tim_a1>	what do you call what you do, KN?
<KN-ES>	Exited 1/4 ES Long @ 20 --> + 2
	Exited 1/4 ES Long @ 20.50 --> + 2.5	15:40
	Exited 1/2 ES Long @ 22 --> + 4
<NihabaAshi_away>	what do you call what you do, KN?
	Making money :)
<KN-ES>	Exited ES Long @ 22.75 --> + 4.75
	Reverse and Enter Short ES @ 22.75
<NihabaAshi_away>	Young guys call it a ATM
<KN-ES>	Covered 3/4 ES Short @ 20.75 --> + 2
	haha
<Andy>	lol	15:41
<KN-ES>	Covered ES Short @ 21.25 --> + 1.5
	Reverse and Enter Long ES @ 21.25
	Exited 3/4 ES Long @ 22.25 --> + 1
	sl 20
<tim_a1>	i mean style, i'm not picking for you exact secrets, but more strategy, if you dont mind my asking (when you're done for the day)
<KN-ES>	Exited ES Long @ 21.25 --> 0	15:42
	Reverse and Enter Short ES @ 21.25
	Covered 3/4 ES Short @ 20.25 --> + 1
	Covered 1/4 ES Short @ 19.75 --> + 1.5
	Covered 1/4 ES Short @ 19 --> + 2.25	15:43
	add 8 19.25
	out 8 18.25 + 1.00
	add 4 19.50	15:44
	s.l 20.50
	Covered ES Short @ 19.75 --> + 1.5	15:45
	Reverse and Enter Long ES @ 19.75
	s.ll 18
	Exited ES Long @ 19.25 --> - 0.5
	Reverse and Enter Short ES @ 19.25
	Covered 3/4 ES Short @ 18.25 --> + 1	15:46
	Covered 1/4 ES Short @ 17.50 --> + 1.75
	17.75
<Andy>	Shorts ER2 @ 679.8 «« paper »»
<KN-ES>	Covered 1/4 ES Short @ 17.25 --> + 2
<Andy>	Covered 1/2 ER2 Short @ 679 --> + 0.8 «« paper »»	15:47
<KN-ES>	Covered 1/4 ES Short @ 16.75 --> + 2.5
	Covered 1/2 ES Short @ 16.25 --> + 3	15:48
	tp 13 +-
	s.l 19.25 0.00
	Covered ES Short @ 16.50 --> + 2.75	15:49
	Reverse and Enter Long ES @ 16.50
	Exited 3/4 ES Long @ 17.50 --> + 1
	Exited ES Long @ 17.00 --> + 0.5
	Reverse and Enter Short ES @ 17.00
<Andy>	Covered Remainder ER2 Short @ 679.8 --> 0 «« paper »»
<KN-ES>	Covered 3/4 ES Short @ 16 --> + 1
	Covered 1/4 ES Short @ 15.50 --> + 1.5	15:50
	Covered 1/4 ES Short @ 15.50 --> + 1.5
	Covered 1/4 ES Short @ 16 --> + 1
	Covered ES Short @ 16 --> + 1
	Reverse and Enter Long ES @ 16
	sl 15	15:51
	Covered ES Short @ 16.25 --> - 0.25
	Reverse and Enter Long ES @ 16.25
	s.l 17.75
	all (4) 15.25 + 1.00	15:53
	-4
	Covered ES Short @ 15.50 --> + 0.75	15:55
	Reverse and Enter Long ES @ 15.50
	sl 14
	Exited ES Long @ 16 --> + 0.5	15:56
	Reverse and Enter Short ES @ 16
	s.l 18
	Covered 3/4 ES Short @ 15 --> + 1	15:58
	Covered 1/4 ES Short @ 14.50 --> + 1.5
	Covered 1/4 ES Short @ 14 --> + 2
	Covered 1/4 ES Short @ 13.50 --> + 2.5
	sl 16
	0.00	15:59
	Covered ES Short @ 14.50 --> + 1.5
	Reverse and Enter Long ES @ 14.50
	Exited all ES Long @ 15.50 --> + 1	16:00
	done .........
<Andy>	that was a performance, KN
	vn
<tim_a1>	amazing	16:01
<KN-ES>	thanks
	now we see 12.25
	:((((((((((((((
	was waitng whole afternoon
	thanks tim_a1
<tim_a1>	yyour welcome	16:02
<KN-ES>	<NihabaAshi_away> what do you call what you do, KN? .............was sick last week, was trying to make it b/e :)	16:04
	<tim_a1> i mean style, i'm not picking for you exact secrets, but more strategy, if you dont mind my asking (when you're done for the day) .................................its kiind of simple you defind the s/r area and look for volume	16:05
	you need volume high enough to have a break out
	if not it should bounce back
	up or down, simple math
	aganin if you have a very high volume, then someone is taking profits out, it should bounce again	16:06
<silo>	k back
<tim_a1>	you process that very quickly	16:07
<KN-ES>	you need a very fast and one click execution platform
<tim_a1>	you get in with market or limt?
<KN-ES>	ninja trader or transact or button trader should do the job
	nop
	market order
	price pauses for a split sec, before jumping either way
<tim_a1>	i used to hold out for limit, but it seems the situation changes so fast	16:08
<KN-ES>	limit order wont get filled coz price will have a spike
	well, getting filled on the way back is not the idea of a quick scalping
	limit order is good when you want to get in the trend	16:10
	but for scalping its split sec dec. you are in or not
<tim_a1>	es has wider spread than ym - does es have more predictable action for you?	16:11
<KN-ES>	its alwasy 1 tick	16:12
	try entering long at bid and short at ask
<tim_a1>	i mean 5 bucks vs 12.50
	per increment
<KN-ES>	well, i have no idea never though that way, i always count the tick	16:13
<tim_a1>	i always figure a trade has to be at least 2 ticks + commish for b/e
<KN-ES>	in dax its 12.50 euro around 25 dollars
	doesnt make a difference unlsess you keep holding on a losing trade
	unlsess you are getting out with a 0 tick, its not a losing trade	16:14
<tim_a1>	you mentined before you use 1 minute charts?
<KN-ES>	well, for scalping , i mean	16:15
<tim_a1>	is scalping the bulk of what you do?
<KN-ES>	i used the 1 min chart today coz this is the 2nd day for me in dax
	i have no idea what i was doing, just plain 1 min chart and volume, bid/ask size	16:16
	i will get a market depth and matrix chart next time, hopefully
	i scalp when market is not moving,	16:17
	market wont change for you , you will have to change for the market
<tim_a1>	or at least know when to stand aside
<KN-ES>	well, if you are in a trade and you see, after all analysis market is running slow , left and right, you know its not trending	16:18
	if you use a bigger chart, you may see the trend, but for normal treading, you just see what happen in last 30 min	16:19
<tim_a1>	do you use hard stops or mental?
<KN-ES>	most of the time hard stop	16:20
	last swing high
	my first tp is also most of the time fixed
	let me give you an idea
	say you are trading 24 contracts
<tim_a1>	i've picked up bracket trader tool, because there's no way you can manually set stops on a scalp
<KN-ES>	in ES	16:21
	you get out 3/4 with 1.25 tick profit
	thats 22.50 points
	you will have 6 contract left
	and your stop loss can be as high as 22.50	16:22
	tahts 4 points stop, and the rest is commission
<tim_a1>	for b/e
<KN-ES>	3 points
	so, if you get a 22.50 poins lead in a trade, you can almost do anything, whatever you like	16:23
<tim_a1>	did you spend a lot of time on a simulator?
<KN-ES>	nop
	i use simulator for atutrading testing
<tim_a1>	i realize a simulator is only part of it, i've started using it if im 'off'
<KN-ES>	:)	16:24
<tim_a1>	and need to get my head back right
<KN-ES>	:)
	you should have a set back before you can start serious trading
	thats what i think	16:25
<tim_a1>	?
<KN-ES>	i quit trading twice
	did
<rickf>	first trade shoudl be a looser so you get a reality check early. :) (right?)
<KN-ES>	:)
<rickf>	sorry just got back to desk but interesting chat here
<KN-ES>	:)	16:26
<tim_a1>	quit trading because of frustration?
<KN-ES>	join with us rickf
<rickf>	KN - joinwhere?
<KN-ES>	i traded 12 hrs today 4 -4 , so its refreshing talking
	here, here with us
<rickf>	oh duh :(
<Andy>	I'm still here and very interested...	16:27
<KN-ES>	<tim_a1> quit trading because of frustration? ............... nop, had some huge losses ........way over my head
<rickf>	my first options trade was a 20-bagger. i was ecstatic....then the next several were total washouts. But I learned not to be greedy
<KN-ES>	i thought i knew everyting, unstoppable................well, i do realized that,	16:28
	if you think you are smart, you know how market works, its so easy for you, and you are somehow gifted,.................
	trading is most likely not for you
<Andy>	haha
<rickf>	or if you think too much -- overanalysis of every tick, you get paralyzed, or make a bad decision because of too much information	16:29
	that was my problem recently
<Andy>	well, if the opposite of your first statement applies, I should be ripping soon
<KN-ES>	yes, you open 50 different charts , 25 different symbols
	you are already in trouble even before you start trading
<rickf>	something i did pick up here was to Keep It Simple -- and it's paid off well.	16:30
<tim_a1>	i'm well past that now - never ceises to amaze the the tricks the market has, like playing rock paper sissors with somone who cheats
<KN-ES>	thats what i think
	not that it should be the same for you
<rickf>	lol
<KN-ES>	my idea is , there is no right and wrong,	16:31
	if you are comfortable with someting just keep going wit it
	get better in that
	i have lots of frieds trads macd divergence and cci ........etc
	i can never figure it out how they do that,	16:32
<rickf>	to be honest, what's made it much easier for me is simplifying my screen and finally getting a platform that lets ME control the trade much more effectively
<tim_a1>	seems like that stuff lags too much
<KN-ES>	well, if you go to the basics, i dont even trust indicators,
<rickf>	tim - some indicators are horrible laggards
<KN-ES>	thats may be a problem here
	i guess
	indicators are confusing , atleast to me	16:33
<tim_a1>	so do you use candle patterns or just s/r?
<Andy>	part of the simplification process is getting RID of indicators
<KN-ES>	with all the moving aver. macd. cci ...............its hard to see the candles
<rickf>	< candles
<Andy>	especially the mathematically derived, average based ones
<KN-ES>	like you are in amazon
	you need to do some serious cleaning job.........just to see the candles	16:34
<rickf>	*nods* simpler/cleaner definately helped me out	16:35
<KN-ES>	yes
	and other thing i figured out,
<tim_a1>	it looks like you tend to for for around 3 pts max
<KN-ES>	price will tell you what indicator gonna tell you, but way ahead of time
<rickf>	tim: me?	16:36
<tim_a1>	kn
<KN-ES>	well, if the trend is 3 pt long its 3
	:)
	in dax i had 4 trades 30+
	its was trending, i wasnt doing anything
	told you, you change your trading with the market	16:37
<tim_a1>	nice
<KN-ES>	dont expect market to change and give you nice an comfortable profits
<tim_a1>	these last 2 days have been strange in the market
<rickf>	the other day for example i only went for 2-3 points myself
<KN-ES>	once i see market is not ok for trending
<rickf>	wasnt sure i could get more and that was my 'comfort level' target	16:38
<KN-ES>	i try to secure the trade, talking lump contracts out with small profit
<tim_a1>	do you ever notice the market jump on the one minute chart (es)
<KN-ES>	thus, i have upper hand to manage the trade
<rickf>	yup
<tim_a1>	lately, at least in this market, the move in the direction of the jump seems pretty consistent
<KN-ES>	well, when i see the volume and the resistance or support, i expect the price to jump either way
	you should see hang seng , HSI	16:39
<tim_a1>	these last pew days, i've seen gaps on 1 minute chart, then there's a fairly good move in the same direction
<KN-ES>	if you havent seen HSI yet, you havnt seen a lots of things about price jumping
<rickf>	hsi is absolutely nuts imho	16:40
<KN-ES>	eysterday it droped 1200 points
<rickf>	hsi is the dax on crack :)
<KN-ES>	:)
	they have a very short trading hr, and all the ppl in chaina	16:41
	we cannt expect anyting better
<rickf>	the dax is about as volatile as i care to get
<KN-ES>	dax is like YM but with big tick value	16:42
	i guess
<rickf>	yep
<KN-ES>	well, i lost two trades today in ym
	my first ever trades in ym
<tim_a1>	ym can be jumpier than es
	seems like more SPIKES	16:43
<KN-ES>	but mostly, i was trying to hadge ym with dax
	i knew somehow i will end up losing one trade dax or ym
	u cammt win both when you go with two against each other
	its like stock and stock options	16:44
<tim_a1>	how do you log your trades on this forum so quick? it makes my head spin watching you
<KN-ES>	hahaha
<rickf>	yah no kidding!!
<KN-ES>	i can type 300 words in min
	you want to see?
<tim_a1>	sure
<KN-ES>	it will take less than a min i promise
	123 here i go .....
	300 words	16:45
	done
<tim_a1>	lol
<rickf>	you didn't type "in min"
	you fail!
<KN-ES>	i typed 300 words as i have promised
	better performance
<rickf>	wish i could automate my entries to the forum, though
	i really hate scramblign to type stuff by hand, but no easy link between my platform and the forum
<KN-ES>	well, my exits are in the dom
<Andy>	how long did it take for you to get facile with the rapid typing, KN?	16:46
<KN-ES>	so all i need to do is a single click to get in and out of a trade
	and i am kind of scared posting trades in the room
<rickf>	scared?
<KN-ES>	if it takes a min just to post the trade, anyone can have a winning trade
<rickf>	ahh yeah makes sense	16:47
<KN-ES>	you should be able to see the price and chart should tell you the rest
	anyone can analysis do great analysis of yesterday's chart	16:48
	anyone can do great analysis of yesterday's chart
<rickf>	that's why i'm glad niha is adamant that we're not a signal-calling room
<KN-ES>	all the trend line break, all the divrgence and above all great performance in youtube
<rickf>	ie, you're here to learn to be profitable, not just mooch off evryyone else
<KN-ES>	well, learning is constant, you will have to learn all of your life	16:49
<tim_a1>	i dont think it's really possible to mooch, the lag would kill you
<KN-ES>	i think
	whats wroking today may not work tomorrwo
<rickf>	agreed
<KN-ES>	you will have to always expose urself to new ideas
	if close to your idea, thats great	16:50
	you can sit all of your life with elliot wave, and spend a great deal of money
	but zigzag does the same shit what e.w. does
	i think
	i may be wrong
<tim_a1>	interesting, prector is not a good trader, yet he's the elliot wave expert	16:51
<KN-ES>	Niha doesnt use indictors, thats the reason I am here
	and this is my first chatt , ever
	so let me know if I need to stop
<tim_a1>	i'm enjoying it
<KN-ES>	:)
WRB Analysis	Learn More
<rickf>	no worries
<Andy>	all ears here...	16:52
<KN-ES>	:)
<tim_a1>	i'm sold on price action over indicators, its whats happening NOW
<KN-ES>	i have a little idea how Niha's syetem works, but allow me few yrs
	i am not going anywhere
<rickf>	that's working for me too, tim more ephasis on PA for me in recent weeks has been effective
<KN-ES>	well, I am still rading the report, sometime i get it , most of the time i dont	16:53
	i figured it out that it will take me atleast a yr to understand the reports atleast better	16:54
<silo>	kn-es, andy... make sure you guys talk in the other chat if you dicuss niha's strategy :D
<KN-ES>	:)
<silo>	and boy... you certainly are talkative today	16:55
	a bit out of chracter i must say :P
<KN-ES>	type-a-tive
<silo>	usually i only see your trades here lol
<tim_a1>	i was asking him questions, and he obliged us
	with his insights
<KN-ES>	well, its better if i talk here, most of time when i reply to any question, most of he ppl dont even believe me	16:56
	i dont have any magic indicators
<tim_a1>	i expected that you didnt, more that it was a manner of perception	16:57
<KN-ES>	so next time i will just ask -----------Niha's chattroom log........april 13
	:)
<rickf>	heh
<KN-ES>	the problem is, when i trade i trade back to back and cannt stop, so get lots of trade	16:58
	i just keep bouncing beween support and resistance	16:59
	its not any magic, its just support and resistance
<tim_a1>	it looks like you do dozens of trades per day	17:00
	i found one difficult thing in adjusting to trading, was that with an IT background, i was used to being precise - the market simply isnt	17:01
<rickf>	tim - me too (it security geek)
<KN-ES>	onece, you have few very profitable trades in the begining of the day, you dont have to risk you balance from yesterday,...........you can do lots of trades
<rickf>	took a long time to overcome that tendency
<KN-ES>	well, i m from IT too	17:02
<tim_a1>	i was powerbuilder/visual basic bread and butter dev guy
<KN-ES>	never had any idea about trading. no idea what makes it work
	:)
<rickf>	same here -- had been a stock investor only for years
<KN-ES>	:)
<rickf>	had to learn/re-learn a new mindset to move into optooms and futures	17:03
<KN-ES>	well, i had a fried who actually forced me to get into trading
<tim_a1>	?
<KN-ES>	no idea	17:04
	he told me i have some kind of personality B type......some crap
	now that i m in , he is not trading anymore, atleast not that much
	but, he will be back full time someday, i think	17:05
	:)
<tim_a1>	do you miss IT at all?
<KN-ES>	hahah	17:06
<rickf>	trading is becoming a helpful secondary income for me.....helps given i cant stand the IT world much these days
<KN-ES>	IT.......nop
	:)
	i started in 99
	oracle
<tim_a1>	i liked it in the 1990s, but had a couple of very sough assignments (independent contractor) clients are getting pretty abusinve
<rickf>	< network solutions	17:07
<tim_a1>	abusive
<KN-ES>	hahaha
	that never happend to me
<X>	#FuturesTrades Info ->  No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended without their permission. More info at www.thestrategylab.com/FuturesTradesChat Room.htm
<KN-ES>	i just bored after few years
	nothing new	17:08
<tim_a1>	i went independent after a regular job, then a couple of years in 'Big 6'
	first couple of years were a dream
<rickf>	been indie consultant since 01 myself
<KN-ES>	:)
<werner>	I am very pleased with your open and honest reactions kn.........gn all	17:09
<tim_a1>	what i hated about not being independent, was that pay stopped at 40 hrs, but the work didnt
<rickf>	cya werner
<tim_a1>	gn werner
<KN-ES>	gn werner
<rickf>	tim - the "eat what you kill" lifestyle. :)	17:10
<tim_a1>	?
<rickf>	40 hours for work, get paid for 40....but then have to market yourself, do accounting, and other stuff that doesn't pay
<tim_a1>	yes, that came with being idependent and i didnt mind - but at Ernst & Young i once worked 100 hr week for 40 hrs pay - indep was never that bad	17:11
<rickf>	:(	17:12
<tim_a1>	i worked at Sprint PCS launch - a nightmare
<rickf>	slept @ the office a few times in the late 90s	17:13
	do that a few nights back to back and the week is one big blur
<tim_a1>	very hard on your mind and body	17:14
<rickf>	but anyway -- i'm off for the night. need to grab dinner and run errands
	see you tomorrow
<tim_a1>	gn
<KN-ES>	yes, we all need a break now	17:15
	:)
<tim_a1>	i appreciate your insights kn, i'd like to do this again sometime if you dont mind
<KN-ES>	see you all tomorrow
	you welcome tim_a1
<tim_a1>	gn
<KN-ES>	gn
<Andy>	gn	17:31
<X>	#FuturesTrades Info ->  No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended without their permission. More info at www.thestrategylab.com/FuturesTradesChat Room.htm	19:13
* DisconnectedSession	Close: Thu Mar 13 21:15:40 2008	21:15
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.

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

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