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#FuturesTrades
May 1st Thursday 2008 Trade Log
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Profitable Trade 0943am - 1004am est Losing Trade 1432pm - 1436pm est |
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Current Performance Record |
Key Trades of the Day |
Profit/Loss Statement |
General Strategy Info: The above profit/loss info represents trades by M.A. Perry (a.k.a. NihabaAshi - martial arts and Japanese Candlestick term) only and all trades were posted in real-time within 5 seconds after entry or exit as shown in the below chat log.
Also, I'm the moderator of #FuturesTrades and I use the below chat log as feedback to critical trading information that's not available when I review my broker statements nor any statistical analysis of my trading.
Further, although I'm not familiar with the trade methods used by most members of #FuturesTrades, I use a rule based methodology (very objective) that involves price action only trading (no indicators).
There is some subjectivity involved with some of my trades when I'm developing a new entry signal or new trade management (hence the name TheStrategyLab.com).
In addition, my intermarket analysis allows me to switch and profitably trade any other trading instrument whenever I want if/when I don't want to trade the Russell 2000 ER2 Emini Futures.
With that said, today's trade posting chat log is below and it contains all my trades that were posted in real-time 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.
Time Zone Info Chat Log below is eastern standard time (est) - New York City, U.S.A and/or Montréal, Canada time zone. Session Start: Thu May 01 09:24:05 2008Session Ident: #futurestrades * Now talking in #futurestrades 09:24 <@X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm <ripsboy> gm all... 09:28 <pat255> gm all.. <@NihabaAshi> Good morning all 09:31 <T-stop> gm <+pat255> gm N <+Spartan> Long ER2 @ 1384.75 -> small size «« paper »» 09:32 <@NihabaAshi> Is Eurex closed today (DAX) ??? 09:33 <+Spartan> es I meant <GoodMood> Europe is on holiday <@NihabaAshi> Ok...thanks 09:34 <+GoodMood> May 1st: Day of labour <lumenPharmer> i think closed friday also <+Spartan> Exited all ER2 Long @ 1385.50 --> + 0.75 «« paper »» <+lumenPharmer> banks atleast closed <szubaark> Buys ES @ 1385 «« paper »» 09:35 <+Spartan> Shorts ES @ 1385 -> small size «« paper »» 09:36 <@NihabaAshi> Shorts ER2 @ 714.70 -> medium size Looks like I entered at a WRB pt level :( 09:38 EER2 fighting hard not to break down further 09:42 <+Spartan> Covered all ES Short @ 1384.25 --> + 0.75 «« paper »» <@NihabaAshi> Covered ER2 Short @ 714.40 --> + 0.3 09:43 <+Spartan> got greedy on that one <@NihabaAshi> Long ER2 @ 715.30 -> medium size <KN-ES> Covered ES Short @ 1384.50 --> + 7.5 Reverse and Enter Long ES @ 1384.50 <+KN-ES> Exited 3/4 ES Long @ 1385.50 --> + 1 09:44 <+Spartan> Long ES @ 1385.75 -> small size «« paper »» <+KN-ES> Exited 1/3 ES Long @ 1386.50 --> + 2 09:45 <+szubaark> Nice reversal Niha. Exited all Long ES at 1387 --> + 2 «« paper »» 09:46 <@NihabaAshi> Exited 3/4 ER2 Long @ 717.60 --> + 2.3 <+Spartan> Exited all ES Long @ 1387.25 --> + 1.5 «« paper »» 09:47 <+szubaark> Nice trades Spartan <+Spartan> thanks should have gotten more on the first two, got greedy though, way to hang onto your 1385 trade <+KN-ES> sl 1 09:48 Exited 1/3 ES Long @ 1387.50 --> + 3 <@NihabaAshi> Geeesh...price action acting as if someone leaked out the numbers for the 10am est key economic reports. 09:49 Will be interesting to see if this can go higher when those reports are released. <+Spartan> Long ES @ 1387.25 -> small size «« paper »» 09:54 <+KN-ES> add 87 Exited 1/3 ES Long @ 1388.50 --> + 4 <+szubaark> Shorts ES @ 1388.50 «« paper »» <+KN-ES> h4 <+Spartan> Exited all ES Long @ 1388.50 --> + 1.25 «« paper »» 09:55 gonna take a break 09:56 <+szubaark> Covered all Short ES at 1388.50 --> 0 «« paper »» 09:57 <+KN-ES> Exited 1/3 ES Long @ 1389.50 --> + 5 09:59 h3 <@NihabaAshi> Geeesh 10:00 Bronco Billy Must be an after-shock to yesterday's FOMC price action. 10:01 If so...it'll retrace back up into the price Zone of the FOMC 10:02 <+KN-ES> Exited 1/3 ES Long @ 1391.50 --> + 7 10:03 h2 <+szubaark> nice KN <Nesi> nice <+KN-ES> thanks <@NihabaAshi> Exited Remainder ER2 Long @ 721.20 --> + 5.9 10:04 <+pat255> vn guys <+Nesi> good one Niha <+szubaark> Shorts ES @ 1390.75 «« paper »» <@NihabaAshi> Yesterday's key price zone is 727.10 - 723.60 10:06 Weak Resistance area here for ER2 10:07 Shorts ER2 @ 720.70 -> small size 10:09 <+szubaark> Covered all Short ES at 1389.25 --> + 1.5 «« paper »» <+Spartan> nice trade szu <bogey> KN very impressive trading, what do you use for your analysis if you don't mind sharing some secrets? 10:10 <+szubaark> thanks <@NihabaAshi> Covered ER2 Short @ 721.60 --> - 0.9 10:11 Reverse and Enter Long ER2 @ 721.60 <+Spartan> Long ES @ 1391 -> small size «« paper »» Exited all ES Long @ 1389.75 --> - 1.25 «« paper »» <@NihabaAshi> Exited ER2 Long @ 720.80 --> - 0.8 10:12 <+Spartan> oops <@NihabaAshi> Shorts ER2 @ 720.40 -> medium size <+KN-ES> add 89 out 3/4 89 90 + 1.00 10:13 sl 84.50 <pdays> Shorts ER2 @ 720.9 <+KN-ES> add 89 10:14 <+Spartan> Long ES @ 1389.50 -> small size «« paper »» <@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 <+pdays> Covered all ER2 Short @ 719.4 --> + 1.5 10:16 <+KN-ES> out all (-4) 89 90 + 1.00 10:17 <+szubaark> Shorts ES @ 1388.75 «« paper »» 10:18 <+Spartan> Exited all ES Long @ 1388.25 --> - 1.25 «« paper »» Shorts ES @ 1389 -> small size «« paper »» <+KN-ES> add 89 sl 84.50 10:19 <+pat255> kn L side? <+KN-ES> yes <@NihabaAshi> Covered all ER2 Short @ 720.20 --> + 0.2 Shorts ER2 @ 718.90 -> large size 10:21 Tough trades to hold on <+szubaark> yup <+KN-ES> out all (-7) 89 90 + 1.00 10:22 out 3/7 89 90 + 1.00 h 4 + 2 10:23 <+Spartan> Covered all ES Short @ 1391 --> - 2 «« paper »» 10:24 <+KN-ES> out 1 89 91 + 2.00 <@NihabaAshi> Covered ER2 Short @ 720.70 --> - 1.8 Long ER2 @ 720.80 -> large size 10:25 <+KN-ES> out 1 89 92 + 3.00 <+Spartan> Long ES @ 1392 -> small size «« paper »» 10:26 <+szubaark> uh huh * nqcruiser was kicked by NihabaAshi (nqcruiser) 10:27 <@NihabaAshi> Exited ER2 Long @ 720.90 --> + 0.1 10:29 <+KN-ES> we may see 95.75 today.........97.25 as well.... 10:30 <+lumenPharmer> We have first day of the month against fed hangover with Europe on holiday ;) <@NihabaAshi> Long ER2 @ 721.80 -> large size <startrader> Shorts ES @ 1391.50 10:32 <@NihabaAshi> Exited ER2 Long @ 721.30 --> - 0.5 10:33 Shorts ER2 @ 721.00 -> large size <+Spartan> Exited all ES Long @ 1390 --> - 2 «« paper »» 10:34 <+lumenPharmer> still trying to get away from 720, but daily getting extended on the long side 10:35 <+Spartan> Long ES @ 1390 -> small size «« paper »» 10:36 Exited all ES Long @ 1389 --> - 1 «« paper »» 10:39 <+startrader> Covered 1/2 ES Short @ 1389 --> + 2.5 Trading Edge: 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-ES> add 89 ............4 10:40 <+szubaark> Volatility drying out Fast 10:46 <+KN-ES> brb 10:47 <@NihabaAshi> Covered ER2 Short @ 719.70 --> + 1.3 10:49 <+KN-ES> out 1/2 89 90.50 + 1.50 h 3 + 2 out 1 89 90 + 1.00 10:50 <@NihabaAshi> Shorts ER2 @ 719.50 -> large size volatility flatlined now 10:52 <+Spartan> Long ES @ 1390.25 -> small size «« paper »» <+KN-ES> out 1 89 91 + 2.00 10:55 <+szubaark> Covered all Short ES at 1391.75 --> - 3 «« paper »» <@NihabaAshi> Covered ER2 Short @ 720.20 --> - 0.7 <+szubaark> Buys ES @ 1391.75 «« paper »» <@NihabaAshi> Long ER2 @ 720.40 -> large size 10:56 <+startrader> Shorts ES @ 1391 -> Add <+Spartan> nq almost at yesterdays highs 10:57 <rickf> gm all 10:59 <Andy> gm rickf, all 11:00 <@NihabaAshi> :( Exited ER2 Long @ 720.40 --> 0 Long ER2 @ 720.50 -> large size 11:02 <+Spartan> nq just took out yesterdays highs 11:03 <+szubaark> we are slowly retracing the FOMC move from yersturday 11:04 <@NihabaAshi> With Eurex closed...key markets are all over the board :( <+Spartan> I was once told that the nq leads, dunno if that is true though <+KN-ES> out L 89 93 + 4.00 11:05 Exited 1/3 ES Long @ 1393.50 --> + 9 11:06 h1 <+rickf> nice kn <+KN-ES> thanks rickf tp 95.75 +- <+szubaark> yup, awesome trading KN <+Spartan> kn amazes me, dunno how he does it 11:07 <+rickf> should teach a class :) <@NihabaAshi> Exited ER2 Long @ 722.00 --> + 1.5 <+KN-ES> thanks szubaark, Spartan sl 89.50 ( + 5.00) 11:10 <@NihabaAshi> Long ER2 @ 722.70 -> medium size <+rickf> exit premarket euro-fx short (1.55126) @ 1.54406 +720 pips 11:13 <+Spartan> Exited all ES Long @ 1393.25 --> + 3 «« paper »» Long ES @ 1393 -> small size «« paper »» 11:16 <@NihabaAshi> volatility dead 11:17 723.60 was my target 11:19 Not anymore with volatility contracted so much If this moves upwards...it'll be as a "creeper price action". 11:20 If it spikes upwards...I'll be surprised. Exited ER2 Long @ 722.30 --> - 0.4 11:21 A lot of contradiction within the key markets... 11:23 That's due to Europe on a holiday. Long ER2 @ 722.70 -> medium size 11:24 <+szubaark> hopefully i can catch one more spike to upside before Volatility goes Dead again <+rickf> brb rebooting 11:25 <+szubaark> :( 11:26 <@NihabaAshi> Exited ER2 Long @ 722.50 --> - 0.2 <+szubaark> Exited all Long ES at 1393 --> + 1.25 «« paper »» 11:27 Shorts ES @ 1393 «« paper »» <+Spartan> Exited all ES Long @ 1393 --> 0 «« paper »» <+szubaark> coundnt do that one more spike to upside <+KN-ES> add 1392.75 11:28 sl 89.50 <@NihabaAshi> Shorts ER2 @ 722.40 -> medium size <+Spartan> Shorts ES @ 1393 -> small size «« paper »» <@NihabaAshi> May be a good time to go to lunch :) 11:31 Covered ER2 Short @ 722.30 --> + 0.1 11:33 Be back later... 11:34 * NihabaAshi is now known as NihabaAshi_away <+KN-ES> out all (-7) 92.75 93.75 ............. + 1.00 <+Spartan> Shorts ES @ 1393 -> Add «« paper »» 11:37 <+szubaark> Covered all Short ES at 1393 --> 0 «« paper »» 11:42 cant watch anymore * szubaark is now known as szubaark_away <+KN-ES> out 2 92.75 94.25 ............. + 1.50 11:44 trading is the most boring job in the world 11:50 <+Spartan> Covered all ES Short @ 1395 --> - 4 «« paper »» 11:51 <Guest> Long ER2 @ 722.4 «« paper »» <+KN-ES> out 2 92.75 94.75 ............. + 2.00 out 1 92.75 95.25 ............. + 2.50 h 2 + 1 11:52 <+Guest> Exited ER2 Long @ 722.1 --> - 0.3 «« paper »» 11:54 Reverse and Enter Short ER2 @ 722.1 «« paper »» <+KN-ES> sl 91.50 ( + 7.00) 11:58 <+pat255> kn u L heer? 11:59 <+Guest> Covered ER2 Short @ 721.7 --> + 0.4 «« paper »» 12:01 Reverse and Enter Long ER2 @ 721.7 «« paper »» * codehead_afk is now known as codehead 12:09 <+KN-ES> pat255 ........ yes, I am long all day 12:11 <+pat255> k thks 12:12 y with the trend ..ty <+KN-ES> out 1 92.75 96.25 ............. + 3.50 out Last 92.75 97.25 ............. + 4.50 12:16 h 1 12:17 <@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 12:20 <+Guest> Exited all ER2 Long @ 724.3 --> + 2.6 «« paper »» 12:21 <+KN-ES> nice trade 12:23 <+Guest> tnx <+pat255> kn c your trades setup ..vn .. 12:26 with the trend .. <+KN-ES> dont have energy to fight with the trend today, very tired of journey for last few days 12:27 :) may see 98.25 12:28 <+pat255> no need to ...thks for your posts .. <+KN-ES> just holding on... 97.25 already touched. 93.25 will confirm 97.75 as HOD, i guess 12:30 <+Guest> Long ER2 @ 724.5 «« paper »» 12:34 <+KN-ES> sl 95.50 ( + 11.00) 12:37 <+Guest> Exited all ER2 Long @ 725.6 --> + 1.1 «« paper »» 12:38 <+Andy> Shorts ES @ 1402 12:42 Covered all ES Short @ 1403 --> - 1 12:51 <+Guest> Shorts ER2 @ 728.8 «« paper »» 12:54 <+KN-ES> Exited Remainder ES Long @ 1406.50 --> + 22 12:56 this is as far as it goes for me..... need a break <+szubaark_away> nice KN 12:57 * szubaark_away