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#FuturesTrades
May 6th Tuesday 2008 Trade Log
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Emini NQ 0948am - 0950am est |
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Current Performance Record |
Volatility Spike 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. WRB Analysis
Session Start: Tue May 06 09:28:53 2008
Session Ident: #FuturesTrades
[09:28] * Now talking in #FuturesTrades
[09:28] <@X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
[09:29] <pat255> gm Niha
[09:29] <ItalianSharp> Morning All
[09:29] <@NihabaAshi> Good morning pat255 and all
[09:29] <+pat255> gm IS
[09:29] <Andy> gm all
[09:29] <futurible> gm all
[09:29] <drt> gm
[09:30] <+ItalianSharp> Did you guys read what Goldman's said about oil? They estimate a peak between $150-200
[09:30] <+ItalianSharp> That's INSANE
[09:30] <+KN-ES> 0,2 Exited 3/4 ES Long @ 1401 --> + 1.5
[09:30] <+ItalianSharp> We should stop driving our cars until it falls back below $100
[09:30] <@NihabaAshi> OPEC said something similar like recently :(
[09:30] <+KN-ES> s.l 2
[09:31] <@NihabaAshi> Fannie Mae news caused the GAP down at the open...may have impact on the market for the day.
[09:32] <+pat255> y..
[09:32] <+KN-ES> 0,2 Exited ES Long @ 1400.25 --> + 0.75
[09:32] <+KN-ES> 0,4 Reverse and Enter Short ES @ 1400.25
[09:33] <+KN-ES> 0,2 Covered 3/4 ES Short @ 1399 --> + 1.25
[09:33] <+KN-ES> sl 1
[09:33] <@NihabaAshi> 0,4 Shorts ER2 @ 719.70 -> large size
[09:34] <anglo> .
[09:34] <+KN-ES> 0,2 Covered ES Short @ 1399.50 --> + 0.75
[09:34] <+KN-ES> 0,3 Reverse and Enter Long ES @ 1399.50
[09:35] <@NihabaAshi> intuition
[09:35] <@NihabaAshi> May get shaken out a few times until I nail the Short
[09:36] <@NihabaAshi> 0,2 Covered ER2 Short @ 720.50 --> - 0.8
[09:36] <+KN-ES> 0,2 Exited Remainder ES Long @ 1401 --> + 1.5
[09:36] <+KN-ES> not all
[09:36] <werner> geez ts
[09:36] <@NihabaAshi> 0,4 Shorts ER2 @ 720.40 -> large size
[09:36] <+KN-ES> 3/4
[09:36] <startrader> 97-98 handle strong support, 62% from 5.1 lows.
[09:36] <+KN-ES> 0,2 Exited ES Long @ 144.50 --> - 1255
[09:36] <+KN-ES> 0,4 Reverse and Enter Short ES @ 144.50
[09:37] <+werner> er2 ?
[09:37] <+KN-ES> 0,4 Shorts ES @ 144.50
[09:37] <+KN-ES> sl 1.75
[09:38] <+KN-ES> vlz
[09:38] <PapaJon> mkt in general looks to go down.. just need er2 to join in the party
[09:39] <+KN-ES> 0,2 Covered 1/2 ES Short @ 1399 --> - 1254.5
[09:39] <+KN-ES> nop
[09:39] <+KN-ES> 0,3 Long ES @ 1400.50
[09:39] <+startrader> 0,3 Long ES @ 1398.75
[09:39] <+KN-ES> 0,2 Exited 1/2 ES Long @ 1399 --> - 1.5
[09:39] <@NihabaAshi> 0,2 Covered ER2 Short @ 720.70 --> - 0.3
[09:39] <+KN-ES> nop
[09:39] <+KN-ES> 0,4 Shorts ES @ 1400.50
[09:39] <+KN-ES> 0,2 Covered 1/2 ES Short @ 1399 --> + 1.5
[09:39] <+KN-ES> finally
[09:40] <@NihabaAshi> 0,4 Shorts ER2 @ 720.50 -> large size
[09:40] <+KN-ES> sl 1
[09:40] <+KN-ES> 0,2 Covered 1/4 ES Short @ 1399 --> + 1.5
[09:41] <+KN-ES> h 15
[09:42] <@NihabaAshi> Demand, Demand and more Demand...Oil still going higher :(
[09:42] <+KN-ES> 0,2 Covered 1/4 ES Short @ 1398.50 --> + 2
[09:42] <+PapaJon> sheesh
[09:42] <+KN-ES> h 10
[09:43] <@NihabaAshi> 0,2 Covered ER2 Short @ 720.70 --> - 0.2
[09:45] <+KN-ES> 0,2 Covered ES Short @ 1400 --> + 0.5
[09:45] <+KN-ES> 0,3 Reverse and Enter Long ES @ 1400
[09:45] <@NihabaAshi> 0,3 Long ER2 @ 721.60 -> large size
[09:46] <+KN-ES> 0,2 Exited ES Long @ 1399.50 --> - 0.5
[09:46] <+KN-ES> 0,4 Reverse and Enter Short ES @ 1399.50
[09:46] <+KN-ES> s.l 1.75
[09:46] <+KN-ES> 0,2 Covered 3/4 ES Short @ 1398.50 --> + 1
[09:47] <lumenPharmer> TS down again today, this sucks, TS junk lately :(
[09:47] <+Andy> 0,3 Long ES @ 1399 4,0 «« paper »»
[09:48] <@NihabaAshi> 0,2 Exited ER2 Long @ 720.90 --> - 0.7
[09:48] <+Andy> 0,2 Exited all ES Long @ 1398 --> - 1 4,0 «« paper »»
[09:48] <+PapaJon> ok already.. lets go.... submarine time.. i hope
[09:48] <+Andy> ts just temporarily died
[09:48] <+KN-ES> 0,2 Covered 1/4 ES Short @ 1397.50 --> + 2
[09:49] <+KN-ES> h5
[09:49] <+startrader> 0,3 Long ES @ 1397.50
[09:49] <@NihabaAshi> 0,4 Shorts ER2 @ 720.10 -> large size
[09:49] <@X> 1,4 #FuturesTrades Info -> 8,2 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/FuturesTradesChatRoom.htm
[09:50] <+PapaJon> come on buyers.. give it up
[09:50] <+ItalianSharp> er2 took forever to join the bears party
[09:50] <+PapaJon> no kiddin i s
[09:51] <+KN-ES> 0,2 Covered ES Short @ 1397.50 --> + 2
[09:51] <+KN-ES> 0,3 Reverse and Enter Long ES @ 1397.50
[09:51] <+KN-ES> s.l 1
[09:51] <+PapaJon> still isnt 100% commited tho
[09:51] <@NihabaAshi> It's just ranging right now...can easily power upwards :(
[09:51] <+PapaJon> yup
[09:51] <@NihabaAshi> volatility declining fast
[09:51] <+KN-ES> 0,2 Exited 3/4 ES Long @ 1398.50 --> + 1
[09:52] <+KN-ES> 0,2 Exited ES Long @ 1398.25 --> + 0.75
[09:52] <+KN-ES> 0,4 Reverse and Enter Short ES @ 1398.25
[09:53] <+KN-ES> s.l 1
[09:53] <@NihabaAshi> DAX pushing lower on a spike
[09:53] <@NihabaAshi> ER2 took about 3 seconds to react to the DAX
[09:54] <+KN-ES> 0,2 Covered ES Short @ 1398 --> + 0.25
[09:54] <+KN-ES> 0,3 Reverse and Enter Long ES @ 1398
[09:54] <@NihabaAshi> Other key markets not supporting the spike down so far
[09:54] <+KN-ES> 0,2 Exited ES Long @ 1398.25 --> + 0.25
[09:54] <+KN-ES> 0,4 Reverse and Enter Short ES @ 1398.25
[09:55] <+KN-ES> s.l 1
[09:55] <+KN-ES> sl 99.25
[09:56] <+KN-ES> brb
[09:57] <+lumenPharmer> lots of levels broken, 1970 on NQ,1405 on ES, 720 on ER, for now
[09:57] <@NihabaAshi> 0,2 Covered ER2 Short @ 719.20 --> + 0.9
[09:59] <+startrader> 0,2 Exited all ES Long @ 1399.50 --> - 4.75
[10:00] <+Andy> 0,4 Shorts ES @ 1399 4,0 «« paper »»
[10:02] <@NihabaAshi> 0,4 Shorts ER2 @ 719.70 -> large size
[10:03] <@NihabaAshi> 0,2 Covered ER2 Short @ 719.50 --> + 0.2
[10:04] <+Andy> 0,2 Covered all ES Short @ 1400 --> - 1 4,0 «« paper »»
[10:05] <@NihabaAshi> 0,3 Long ER2 @ 720.10 -> large size
[10:06] <@NihabaAshi> sell the rallies ???
[10:06] <@NihabaAshi> :)
[10:06] <+startrader> 0,4 Shorts ES @ 1401
[10:06] <+werner> :)
[10:08] <@NihabaAshi> Market starting to look confused as each minute goes by.
[10:10] <@NihabaAshi> Market now confusing me more as each minute goes by.
[10:11] <+PapaJon> yah.. this is quite disoriented
[10:11] <+PapaJon> drunken sailor
[10:11] <@NihabaAshi> 0,2 Exited ER2 Long @ 720.40 --> + 0.3
[10:11] <+startrader> 0,4 Shorts ES @ 1401.50
[10:12] <+startrader> Like I was saying yesterday, the overnight move on Sunday a big cue.
[10:13] <@NihabaAshi> 0,4 Shorts ER2 @ 719.70 -> medium size
[10:14] <Brutus-L1> 05/06/2008 10:11 DJ OIL FUTURES: Nymex Crude At New Record Above $121/Bbl
[10:14] <+PapaJon> greedy bastids...
[10:15] <+Brutus-L1> 05/06/2008 10:14 DJ OIL FUTURES: Nymex Crude At New Record Above $122/Bbl
[10:16] <+PapaJon> u would think the mkt will tank with news like that.. but... jeez.. who knows anymore
[10:16] <+PapaJon> i remember when that was the general rule..
[10:16] <+PapaJon> oil goes up, mkt goes down
[10:17] <+PapaJon> indicative of how small a world we have become..
[10:17] <@NihabaAshi> 0,4 Shorts ER2 @ 719.90 -> Add
[10:17] <+PapaJon> seems to be getting smaller and smaller, faster and faster... exponentially
[10:18] <@NihabaAshi> poor add price
[10:18] <@NihabaAshi> chased it from 720.30
[10:19] <@NihabaAshi> 0,2 Covered ER2 Short @ 720.50 --> - 1.4
[10:20] <@NihabaAshi> 0,3 Long ER2 @ 720.30 -> large size
[10:20] <+lumenPharmer> everbody in protect mode with oil up, but earnings will fall later, hard to trade
[10:20] <+PapaJon> agree lp
[10:21] <+startrader> es stuck in pa created by fed reaction.
[10:22] <@NihabaAshi> tough resistance area here
[10:23] <@NihabaAshi> It looks like a 7 tick price zone
[10:23] <@NihabaAshi> Big enough to cause some trading problems
[10:24] <rickf> gm all
[10:28] <@NihabaAshi> Geeeesh
[10:28] <@NihabaAshi> Price action getting worst with the fast declining volatility
[10:29] <+startrader> seems like they r trying to paint a 60 min bar here.
[10:30] <@NihabaAshi> 0,2 Exited ER2 Long @ 720.50 --> + 0.2
[10:30] <@NihabaAshi> That was a weird trade anyway.
[10:31] <@NihabaAshi> It was actually a position reversal
[10:33] <@NihabaAshi> volatility flatlined
[10:33] <+pat255> L 720.3 er
[10:36] <@NihabaAshi> 0,3 Long ER2 @ 720.90 -> large size
[10:43] <+startrader> 0,4 Shorts ES @ 1403.50
[10:43] <@NihabaAshi> 0,2 Exited ER2 Long @ 721.30 --> + 0.4
[10:44] <@NihabaAshi> broker making money today...so far not me :(
[10:45] <+rickf> short es 14023.50 paper
[10:45] <+pat255> yup here too..
[10:47] <+rickf> er 1403.50 paper
[10:47] <@NihabaAshi> 0,4 Shorts ER2 @ 721.20 -> small size
[10:50] <@NihabaAshi> 0,2 Covered ER2 Short @ 722.30 --> - 1.1
[10:50] <@NihabaAshi> 0,3 Reverse and Enter Long ER2 @ 722.30
[10:52] <@NihabaAshi> Hard to keep a Long or Short position so far today :(
[10:53] <@NihabaAshi> 0,2 Exited ER2 Long @ 723.50 --> + 1.2
[10:55] <@NihabaAshi> 0,3 Long ER2 @ 723.70 -> small size
[10:58] <@NihabaAshi> 0,2 Exited ER2 Long @ 723.20 --> - 0.5
[10:59] <@NihabaAshi> 0,3 Long ER2 @ 723.50 -> small size
[10:59] <@NihabaAshi> increase back to 2 contracts
[10:59] <@NihabaAshi> Volatility spike...watching it closely to see if it can keep its momentum
[11:01] <@NihabaAshi> 0,2 Exited 1/2 ER2 Long @ 725.20 --> + 1.7
[11:01] <+KN-ES> 0,4 Shorts ES @ 1406.75
[11:02] <+KN-ES> 7.25
[11:02] <+KN-ES> nop
[11:02] <+KN-ES> 9.25
[11:04] <+KN-ES> 0,2 Covered 3/4 ES Short @ 1405.75 --> + 1
[11:05] <+KN-ES> now s.l 1407.25
[11:06] <@NihabaAshi> Wow...business bankruptcies jumped 49% in comparison to last year.
[11:06] <@NihabaAshi> I must have mis-heard those numbers...maybe it was 4.9%
[11:07] <@NihabaAshi> 0,2 Exited Remainder ER2 Long @ 726.00 --> + 2.5
[11:07] <+pat255> vn
[11:07] <+rickf> wtg
[11:07] <+KN-ES> 0,4 Shorts ES @ 14.6.50
[11:07] <+Andy> 0,4 Shorts ES @ 1406.5 4,0 «« paper »»
[11:07] <+KN-ES> 0,4 Shorts ES @ 1406.50
[11:07] <+KN-ES> s.l 1407.25
[11:08] <@NihabaAshi> I'm still in the red for the day with commissions included :(
[11:08] <+pat255> :( still time to recover
[11:08] <@NihabaAshi> Yep...no panick...plenty of time remaining in the trading day.
[11:08] <+Andy> 0,2 Covered 1/3 ES Short @ 1405.5 --> + 1 4,0 «« paper »»
[11:10] <+KN-ES> short er2 725.30 sl 726.30
[11:10] <@NihabaAshi> too bad my biggest profitable trade was only on 2 contracts :(
[11:13] <@NihabaAshi> Yet, more risk because buying a small tight pullback after new intraday highs or buying new intraday highs is a tough game to play.
[11:13] <+pat255> y..
[11:13] <+KN-ES> short er2 726.30
[11:13] <+KN-ES> sl 1
[11:13] <@NihabaAshi> Same for Short's (shorting new intraday lows).
[11:14] <+KN-ES> 0,4 Shorts ES @ 726.30
[11:14] <+KN-ES> NOP
[11:14] <+KN-ES> 0,4 Shorts ER2 @ 726.30
[11:14] <+KN-ES> this script.......
[11:14] <+KN-ES> killing me
[11:15] <+pat255> just write S 26.4
[11:16] <+KN-ES> i think i will take a week of to practice the script :)
[11:16] <+pat255> lol
[11:16] <+KN-ES> 0,2 Covered 1/2 ER2 Short @ 725.3 --> + 1
[11:17] <+Andy> 0,2 Covered 1/4 ES Short @ 1406 --> + 0.5 4,0 «« paper »»
[11:17] <+KN-ES> s.l 726.90
[11:18] <+KN-ES> 0,2 Covered 1/3 ER2 Short @ 724.80 --> + 1.5
[11:18] <@NihabaAshi> 0,4 Shorts ER2 @ 724.90 -> small size
[11:18] <+Andy> 0,2 Covered 1/2 ES Short @ 1405.5 --> + 1 4,0 «« paper »»
[11:19] <@NihabaAshi> still 2 only and will soon drop back to 1 contract only
[11:21] <@NihabaAshi> 0,2 Covered all ER2 Short @ 724.50 --> + 0.4
[11:22] <@NihabaAshi> Dumped that trade for one reason only...
[11:22] <@NihabaAshi> Going to lunch.
[11:22] <@NihabaAshi> Be back later.
[11:22] * NihabaAshi is now known as NihabaAshi_away
[11:25] <+KN-ES> 0,2 Covered 1/3 ER2 Short @ 724 --> + 2.3
[11:25] <+KN-ES> h2
[11:26] <+pat255> vn
[11:27] <+KN-ES> thanks pat255
[11:27] <+KN-ES> just bored with es........and dax.....
[11:27] <+KN-ES> er is moving nice today
[11:29] <+KN-ES> should atleast see 721.90
[11:33] <+KN-ES> sl 726.3 0.00
[11:48] <+Andy> 0,2 Covered Remainder ES Short @ 1406 --> + 0.5 4,0 «« paper »»
[11:52] <@X> 1,4 #FuturesTrades Info -> 8,2 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/FuturesTradesChatRoom.htm
[11:52] <+Andy> 0,4 Shorts ES @ 1406.75 4,0 «« paper »»
[11:53] <+Andy> 0,2 Covered all ES Short @ 1407.75 --> - 1 4,0 «« paper »»
[12:00] <+KN-ES> 0,4 Shorts ER2 @ 727.40
[12:01] <+KN-ES> sz
[12:01] <+KN-ES> s.l 1
[12:10] * codehead_afk is now known as codehead
[12:20] <+Andy> 0,4 Shorts ES @ 1413.75 4,0 «« paper »»
[12:21] <+Andy> 0,2 Covered all ES Short @ 1415 --> - 1.25 4,0 «« paper »»
[12:24] <+KN-ES> 0,4 Shorts ER2 @ 1414.75
[12:24] <+KN-ES> s.l 1
[12:24] <+KN-ES> es
[12:34] <+KN-ES> 0,2 Covered 1/2 ES Short @ 1413.25 --> + 1.5
[12:38] <+KN-ES> 0,2 Covered 1/3 ES Short @ 1411.75 --> + 3
[12:47] <+Andy> 0,4 Shorts ES @ 1414.25 4,0 «« paper »»
[12:48] <+Andy> 0,2 Covered 1/2 ES Short @ 1413.25 --> + 1 4,0 «« paper »»
[12:49] <+Andy> 0,2 Covered Remainder ES Short @ 1414 --> + 0.25 4,0 «« paper »»
[13:00] <+KN-ES> 0,4 Shorts ES @ 1416.75
[13:00] <+KN-ES> s.l 1
[13:03] <+KN-ES> 0,2 Covered 1/2 ES Short @ 1415.75 --> + 1
[13:19] <+Andy> 0,4 Shorts ES @ 1417 4,0 «« paper »»
[13:24] <+Andy> 0,2 Covered 1/2 ES Short @ 1416 --> + 1 4,0 «« paper »»
[13:24] <+KN-ES> nice trade Andy
[13:25] <+Andy> thanks KN
[13:28] <+Andy> 0,2 Covered 1/4 ES Short @ 1415 --> + 2 4,0 «« paper »»
[13:30] <+KN-ES> cool
[13:30] <+KN-ES> nice Andy
[13:30] <+Andy> thnx KN
[13:32] <+rickf> vn
[13:33] <+Andy> thanks rickf
[13:34] <+Andy> I'm finding that I have a much higher rate of contra trading in when the market slows down, and preceded by price action confirmation
[13:34] <+Andy> I have a high rate of losers trying to pick a top or bottom in a momentum market
[13:35] <+KN-ES> agree
[13:35] <+Andy> even though it is really satisfying to nail the extremes, it's not worth it overall
[13:35] <+KN-ES> :)
[13:36] <+KN-ES> markets are not following each other, so no extreme is actually extreme enough........for some reason
[13:36] <+Andy> dax leading the way down
[13:37] <+KN-ES> yes
[13:37] <+KN-ES> but dax is very unstable right now, way way low vol
[13:37] <+KN-ES> nq works better
[13:38] <+KN-ES> and again there is a new insturment/indicator in TS ....... tickp for tick S & P 500
[13:38] <+Andy> tickp?
[13:38] <+KN-ES> absolutely waste of time
[13:38] <+rickf> short er2 728.6 paper
[13:38] <+KN-ES> yes
[13:38] <+KN-ES> its one of the new thing they added
[13:39] <+KN-ES> and adv and dec vol for S & P 500
[13:39] <+KN-ES> not helping
[13:39] <+Andy> I spent 9 million hours trying to figure out the TICK and TIKQ...would have been more productive mowing lawns
[13:39] <Guest> 0,3 Long ER2 @ 728.9 4,0 «« paper »»
[13:39] <+KN-ES> $TICKSP
[13:39] <+KN-ES> is the symbol
[13:40] <+KN-ES> and for adv and dec......................$ADVSP ADN $DECLSP
[13:40] <+Andy> 0,2 Covered Remainder ES Short @ 1416.25 --> + 0.75 4,0 «« paper »»
[13:40] <+KN-ES> for the vol..............$UVOLSP AND $DVOLSP
[13:41] <+KN-ES> not promising ...... i think
[13:42] <+Andy> I'm sure they help, 51% of the time :)
[13:43] <+KN-ES> :)
[13:43] <+KN-ES> for a 1% advantage.........its too much to work
[13:43] <+KN-ES> for
[13:44] <+rickf> exit er2 729 -.4 paper
[13:44] <+Andy> too many "false positives"
[13:45] <+Guest> 0,2 Exited ER2 Long @ 729.7 --> + 0.8 4,0 «« paper »»
[13:45] <+Guest> 0,4 Reverse and Enter Short ER2 @ 729.7 4,0 «« paper »»
[13:46] <+rickf> short es 1416.25 paper
[13:46] <+Guest> 0,2 Covered all ER2 Short @ 728.7 --> + 0.4 4,0 «« paper »»
Session Close: Tue May 06 13:51:15 2008
Session Start: Tue May 06 13:51:16 2008
Session Ident: #FuturesTrades
[13:51] * Disconnected
Session Close: Tue May 06 13:52:16 2008
Session Start: Tue May 06 14:02:19 2008
Session Ident: #futurestrades
[14:02] * Now talking in #futurestrades
[14:02] <@X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
[14:03] <@NihabaAshi> 0,4 Shorts ER2 @ 727.80 -> small size
[14:03] <+Guest> 0,2 Covered all ER2 Short @ 727.8 --> + 1.4 4,0 «« paper »»
[14:05] <+rickf> exit 1/2 es 1413 +2.25 paper
[14:05] <@NihabaAshi> Had some ISP connection problems earlier...had to reboot my entire system to clear things out.
[14:05] <+Andy> vn rickf
[14:05] <+rickf> thx andy
[14:06] <+rickf> dunno why i kept playing in that chop before .... stupid me :(
[14:06] <@NihabaAshi> 0,2 Covered all ER2 Short @ 726.90 --> + 0.9
[14:06] <+Andy> you're doing great now
[14:06] <+rickf> :)
[14:06] <+Guest> 0,3 Long ER2 @ 727 4,0 «« paper »»
[14:07] <@NihabaAshi> That gets me profitable for the day :)
[14:07] <+pat255> vn
[14:07] <+Andy> wtg niha
[14:07] <+rickf> every little bit helps!
[14:10] <+KN-ES> 0,4 Shorts ES @ 1413
[14:11] <+KN-ES> sl 15
[14:15] <+rickf> exit remainder es 1413.75 +1.25 paper
[14:15] <+Guest> 0,3 Long ER2 @ 727 -> Add 4,0 «« paper »»
[14:18] <@NihabaAshi> 0,3 Long ER2 @ 726.90 -> small size
[14:18] <@NihabaAshi> 1 only
[14:19] <+rickf> shorted es 1413 paper (sm sz)
[14:19] <+Guest> 0,3 Long ER2 @ 726.6 -> Add 4,0 «« paper »»
[14:20] <@NihabaAshi> weak support area ER2
[14:25] <@NihabaAshi> 0,2 Exited ER2 Long @ 726.40 --> - 0.5
[14:25] <@NihabaAshi> 0,4 Reverse and Enter Short ER2 @ 726.40
[14:26] <+Andy> 0,4 Shorts ES @ 1413.75 4,0 «« paper »»
[14:27] <+Andy> 0,2 Covered all ES Short @ 1414 --> - 0.25 4,0 «« paper »»
[14:27] <+rickf> exit es short 1414.25 -1.25 paper
[14:28] <@NihabaAshi> 0,2 Covered ER2 Short @ 727.00 --> - 0.6
[14:28] <@NihabaAshi> 0,3 Reverse and Enter Long ER2 @ 727.00
[14:29] <+Andy> one thing I'm working on...I know I can't turn and reverse like Niha or KN
[14:29] <+rickf> same here
[14:29] <+Andy> but I can figure out better where the trade is not working, and just get out
[14:29] <+Andy> without waiting for my stop to get hit
[14:29] <+Andy> I figure that is the first step in learning how to turn and reverse sucessfully
[14:29] <@NihabaAshi> Position reversals is "only" tough when stuck within a tight small range...
[14:30] <@NihabaAshi> Like the current one of the past 5mins or so :(
[14:30] <+rickf> my platform's 'reverse' tends to get me into the new trade at the worst price -- so i try not to do it frequently unless caught off guard
[14:30] <+Andy> agree...same here
[14:31] <+rickf> eg it's my 'ejector seat' so to speak :)
[14:32] <@NihabaAshi> It's even tougher when volatility drops suddenly like it just did.
[14:32] <+rickf> yep
[14:32] <@NihabaAshi> In these situations...I don't do any position reversals now that volatility has died.
[14:33] <+Andy> 0,4 Shorts ES @ 1415 4,0 «« paper »»
[14:33] <+rickf> short es 1414.75 paper
[14:34] <@NihabaAshi> Pin Ball Machine price action trying to develop :(
[14:36] <+Andy> 0,2 Covered all ES Short @ 1416 --> - 1 4,0 «« paper »»
[14:38] <@NihabaAshi> 0,2 Exited ER2 Long @ 727.00 --> 0
[14:38] <@NihabaAshi> :(
[14:40] <@NihabaAshi> 0,4 Shorts ER2 @ 726.30 -> small size
[14:43] <@NihabaAshi> range getting smaller and smaller along with volatility becoming more contracted
[14:43] <@NihabaAshi> This thing is going to pop here soon
[14:43] <@NihabaAshi> Hopefully down and not up
[14:44] <@NihabaAshi> 0,2 Covered ER2 Short @ 726.70 --> - 0.4
[14:45] <+rickf> exit remainder es 1414.25 +.50 paper
[14:46] <+rickf> i get the sense that i'm a better trader in the morning session :(
[14:46] <@NihabaAshi> 0,3 Long ER2 @ 727.20 -> small size
[14:49] <+rickf> long es 1415.50 paper
[14:50] <@NihabaAshi> 0,2 Exited ER2 Long @ 728.60 --> + 1.4
[14:51] <+Guest> 0,2 Exited all ER2 Long @ 729 --> + 4.4 4,0 «« paper »»
[14:51] <+rickf> exit es 1418 +2.5 paper
[14:52] <+rickf> short es 1417.50 paper
[14:53] <@NihabaAshi> 0,3 Long ER2 @ 729.30 -> small size
[14:55] <+rickf> reverse - long es 1418.50 paper
[14:56] <+rickf> exit 1418.50 +0 paper
[14:57] <@NihabaAshi> 0,2 Exited ER2 Long @ 730.00 --> + 0.7
[14:57] <+rickf> done for the day -- i am making too many mistakes :(
[14:57] <@NihabaAshi> missed reversing into a Short @ 730.20 :(
[14:59] <@NihabaAshi> 0,4 Shorts ER2 @ 729.80 -> small size
[15:00] <@NihabaAshi> oh oh
[15:00] <+Guest> 0,4 Shorts ER2 @ 729.9 4,0 «« paper »»
[15:00] <@NihabaAshi> tighning up the stops
[15:02] <@NihabaAshi> 0,2 Covered ER2 Short @ 729.70 --> + 0.1
[15:03] <@NihabaAshi> Will sit and watch
[15:03] <+Guest> 0,2 Covered all ER2 Short @ 729.7 --> + 0.2 4,0 «« paper »»
[15:05] <+Andy> 0,4 Shorts ES @ 1418.75 4,0 «« paper »»
[15:06] <@NihabaAshi> 0,3 Long ER2 @ 731.20 -> small size
[15:06] <@NihabaAshi> buying th intraday highs
[15:07] <+Andy> 0,2 Covered all ES Short @ 1419.5 --> - 0.75 4,0 «« paper »»
[15:11] <@NihabaAshi> 0,2 Exited ER2 Long @ 731.70 --> + 0.5
[15:11] <+Andy> 0,4 Shorts ES @ 1419.25 4,0 «« paper »»
[15:13] <+Andy> 0,2 Covered all ES Short @ 1419.75 --> - 0.5 4,0 «« paper »»
[15:14] <+werner> gn all
[15:18] <+Andy> 0,4 Shorts ES @ 1420.25 4,0 «« paper »»
[15:19] <+Guest> 0,4 Shorts ER2 @ 730.7 4,0 «« paper »»
[15:20] <+Andy> 0,2 Covered 1/4 ES Short @ 1419.25 --> + 1 4,0 «« paper »»
[15:22] <+Andy> 0,2 Covered 1/4 ES Short @ 1419.25 --> + 1 4,0 «« paper »»
[15:26] <+Andy> 0,2 Covered 1/4 ES Short @ 1419.5 --> + 0.75 4,0 «« paper »»
[15:26] <+rickf> vn andy
[15:27] <+Andy> thanks rickf
[15:28] <+Guest> 0,2 Covered all ER2 Short @ 730.6 --> + 0.1 4,0 «« paper »»
[15:32] <+Andy> 0,2 Covered Remainder ES Short @ 1419.75 --> + 0.5 4,0 «« paper »»
[15:56] <+rickf> CSCO reports after the bell fyi
[16:01] <+Brutus-L1> http://custom.marketwatch.com/custom/tdameritrade-com/html-story.asp?guid={0880839d-6e22-49dc-9c67-3da5faab4b0b}
[16:01] <@X> 1,4 #FuturesTrades Info -> 8,2 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/FuturesTradesChatRoom.htm
[16:05] <+Brutus-L1> 05/06/2008 16:05 *DJ Cisco Systems 3Q EPS 29c Vs EPS 30c >CSCO
[16:06] <+Brutus-L1> 05/06/2008 16:05 *DJ Cisco Systems 3Q Sales $9.79B Vs $8.87B, +10% >CSCO
[16:06] <+rickf> gn all
[16:06] <+Brutus-L1> 05/06/2008 16:05 *DJ Cisco Systems 3Q Net $1.77B Vs Net $1.87B, -5.4% >CSCO
[18:04] <@X> 1,4 #FuturesTrades Info -> 8,2 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/FuturesTradesChatRoom.htm
Session Close: Tue May 06 19:54:56 2008
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) Sponsor:
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