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
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#FuturesTrades chat room...click here.
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WRB Analysis
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Session Start: Tue May 13 09:29:51 2008
Session Ident: #futurestrades
[09:29] * Now talking in #futurestrades
[09:29] <@X> [NihabaAshi] #FuturesTrades info @
http://www.thestrategylab.com/FuturesTradesChatRoom.htm
and trade log archives @
http://www.thestrategylab.com/RecentTrades.htm
[09:30] <drt> gm everyone
[09:30] <peterpanboy> gm everyone
[09:30] <nqcruiser> mornign ninhabasi and evry1
[09:30] <@NihabaAshi> Good morning all
[09:31] <T-stop> gm
[09:31] * Spartan_Away is now known as Spartan
[09:32] <PapaJon> gm all
[09:33] <Spartan> 0,4 Shorts ES @ 1406.25 -> small size 4,0 «« paper »»
[09:35] <anglo> gm
[09:37] <+Spartan> 0,2 Covered all ES Short @ 1405.75 --> + 0.5 4,0 «« paper
»»
[09:37] <dragon310> long er2 @731.90 --> small size
[09:38] <+Spartan> 0,3 Long ES @ 1405.75 -> small size 4,0 «« paper »»
[09:38] <+dragon310> half off er @ 732.90
[09:39] <szubaark> 0,4 Shorts ES @ 1405 4,0 «« paper »»
[09:40] <+Spartan> 0,2 Exited all ES Long @ 1405 --> - 0.75 4,0 «« paper »»
[09:40] <+dragon310> covered er short break even
[09:40] <@NihabaAshi> 0,3 Long ER2 @ 732.30 -> small size
[09:40] <@NihabaAshi> intuition and trade proble
[09:41] <+Spartan> 0,3 Long ES @ 1404 -> small size 4,0 «« paper »»
[09:44] <@NihabaAshi> Got my escape order in out of this problem trade :)
[09:45] <+Spartan> 0,2 Exited all ES Long @ 1403 --> - 1 4,0 «« paper »»
[09:46] <+szubaark> 0,2 Covered all Short ES at 1403 --> + 2 4,0 «« paper »»
[09:46] <+Spartan> nice trade szu, way to hold on
[09:46] <+szubaark> thanks
[09:46] <Andy> 0,3 Long ES @ 1403 4,0 «« paper »»
[09:47] <+Spartan> 0,3 Long ES @ 1403.50 -> small size 4,0 «« paper »»
[09:47] <+Andy> 0,2 Exited 1/2 ES Long @ 1404.25 --> + 1.25 4,0 «« paper »»
[09:47] <@NihabaAshi> 0,2 Exited ER2 Long @ 732.70 --> + 0.4
[09:48] <+dragon310> long er2 at 732.20 --> small size
[09:50] <+Andy> 0,2 Exited Remainder ES Long @ 1403 --> 0 4,0 «« paper »»
[09:50] <+dragon310> stop out er2 long -> -1 :(
[09:51] <+Spartan> stp 1402 brb
[09:51] <+Andy> 0,3 Long ES @ 1403 4,0 «« paper »»
[09:51] <+Andy> 0,2 Exited all ES Long @ 1402 --> - 1 4,0 «« paper »»
[09:52] <startrader> METELAS
[09:53] <futurible> ?
[09:53] <+Spartan> 0,2 Exited all ES Long @ 1402 --> - 1.5 4,0 «« paper »»
[09:55] <+szubaark> 0,3 Buys ES @ 1402 4,0 «« paper »»
[09:56] <+Andy> 0,3 Long ES @ 1401.75 4,0 «« paper »»
[09:57] <+dragon310> Long YM at 12836 - med size
[09:59] <+Andy> 0,3 Long ES @ 1401.25 -> Add 4,0 «« paper »»
[10:03] <+Andy> 0,2 Exited 1/4 ES Long @ 1402.5 --> + 1.25 4,0 «« paper »»
[10:03] <+Spartan> 0,3 Long ES @ 1402.75 -> small size 4,0 «« paper »»
[10:04] <+Andy> 0,2 Exited 1/4 ES Long @ 1402.75 --> + 1 4,0 «« paper »»
[10:05] <@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
[10:05] <+Andy> 0,2 Exited Remainder ES Long @ 1401.5 --> - 0.25 4,0 «« paper
»»
[10:05] <+Spartan> 0,2 Exited all ES Long @ 1400.75 --> - 2 4,0 «« paper »»
[10:08] <@NihabaAshi> 0,3 Long ER2 @ 729.80 -> small size
[10:08] <@NihabaAshi> intuition only...no entry order error this time :)
[10:10] <@NihabaAshi> Did the 10am est Business Inventories Report get
released late around 1005am est instead of 1000am est ???
[10:11] <@NihabaAshi> I'm curious because that's usually a timely report
release and we got that volatility spike price drop around 1005am est
[10:12] <lumenPharmer> on time
[10:12] <+dragon310> it just took trader 5mins to read it
[10:13] <@NihabaAshi> :)
[10:13] <+lumenPharmer> 10:00U.S. March retail inventories fall 0.5%
[10:13] <+Andy> big fight here
[10:13] <+lumenPharmer> lol hehehe
[10:14] <@NihabaAshi> 0,2 Exited 2/3 ER2 Long @ 731.10 --> + 1.3
[10:14] <+lumenPharmer> this sucks, lots of fed squeek today
[10:15] <+Spartan> 0,3 Long ES @ 1400.25 -> small size 4,0 «« paper »»
[10:15] <+lumenPharmer> 8:20 AM ET : Federal Reserve Chairman Ben Bernanke to
speakabout liquidity steps at the Atlanta Fed Financial Markets Conference,
in Sea Island, GeorgiaNo Q&A. .
[10:16] <@NihabaAshi> 0,2 Exited Remainder ER2 Long @ 729.90 --> + 0.1
[10:16] <+Andy> nice trade, niha
[10:18] <+Andy> 0,3 Long ES @ 1400.5 4,0 «« paper »»
[10:20] <+Andy> 0,2 Exited 1/2 ES Long @ 1401.75 --> + 1.25 4,0 «« paper »»
[10:20] <@NihabaAshi> 0,3 Long ER2 @ 731.20 -> medium size
[10:21] <+Andy> 0,6 exit stop set ES @ 1398.75 4,0 «« paper »»
[10:24] <+dragon310> darn ym... doesn't want to move with the others
[10:25] <+Andy> 0,6 exit stop moved to breakeven ES @ 1400.5 4,0 «« paper »»
[10:26] <@NihabaAshi> 0,2 Exited all ER2 Long @ 732.80 --> + 1.6
[10:26] <+Andy> 0,2 Exited 1/4 ES Long @ 1403 --> + 2.5 4,0 «« paper »»
[10:29] <+Andy> 0,6 exit stop raised ES @ 1401 4,0 «« paper »»
[10:33] <+Spartan> 0,2 Exited all ES Long @ 1402.25 --> + 2 4,0 «« paper »»
[10:33] * Spartan is now known as spartan_away
[10:36] <+Andy> pa is discouraging
[10:36] <+Andy> but I have no emotion, I am a robot :)
[10:41] <+Andy> 0,2 Exited Remainder ES Long @ 1402 --> + 1.5 4,0 «« paper »»
[10:45] <+dragon310> out of YM @ 12839 --> +03
[10:46] <BigDawg291> morning all this is my first time here
[10:47] <futurible> gm BigD
[10:49] <+Andy> gm BD
[10:51] <+Andy> 0,3 Long ES @ 1398.75 4,0 «« paper »»
[10:53] <rickf> gm all
[10:53] <+Andy> gm rickf
[10:54] <+Andy> 0,2 Exited all ES Long @ 1398.25 --> - 0.5 4,0 «« paper »»
[11:09] <@NihabaAshi> 0,3 Long ER2 @ 729.60 -> small size
[11:12] <pdays> 0,3 Long ES @ 1399.5
[11:15] <@NihabaAshi> :(
[11:18] <@NihabaAshi> 0,2 Exited 2/3 ER2 Long @ 730.80 --> + 1.2
[11:18] <+szubaark> nice Niha.
[11:18] <+futurible> vn
[11:19] <+Andy> 0,4 Shorts ES @ 1400 4,0 «« paper »»
[11:19] <+BigDawg291> very nice
[11:21] <+pdays> 0,2 Exited all ES Long @ 1400.25 --> + 0.75
[11:21] <+Andy> 0,2 Covered 1/4 ES Short @ 1399 --> + 1 4,0 «« paper »»
[11:23] <hp101> Hi Pl
[11:23] <+hp101> ;)
[11:23] <pl2703> heya
[11:26] * sep34 is now known as sep34_away
[11:26] <+Andy> 0,2 Covered 1/4 ES Short @ 1399 --> + 1 4,0 «« paper »»
[11:27] <+Andy> 0,2 Covered Remainder ES Short @ 1399.5 --> + 0.5 4,0 ««
paper »»
[11:29] <+Andy> :(
[11:31] <+Andy> 0,3 Long ES @ 1398.25 4,0 «« paper »»
[11:36] * codehead_afk is now known as codehead
[11:36] <+BigDawg291> what kind of stops do you all use?
[11:36] <+Andy> 0,2 Exited 1/3 ES Long @ 1399.25 --> + 1 4,0 «« paper »»
[11:37] <+Andy> 0,2 Exited 1/3 ES Long @ 1399.75 --> + 1.5 4,0 «« paper »»
[11:38] <Nesi> amazing oil uh
[11:38] <@NihabaAshi> 0,2 Exited Remainder ER2 Long @ 730.90 --> + 1.3
[11:38] <+Nesi> almost 127
[11:38] <+Nesi> nice Niha
[11:39] <@NihabaAshi> Something spooked the market...I had a 731.90 in my
crosshairs
[11:39] <+Andy> 0,2 Exited Remainder ES Long @ 1397.75 --> - 0.5 4,0 «« paper
»»
[11:39] <@NihabaAshi> It correlated exactly with some woman analysis
saying..."Oh my gosh".
[11:40] <+Nesi> serious?
[11:40] <@NihabaAshi> Meant TV Financial analyst
[11:40] <+Nesi> what channel?
[11:40] <@NihabaAshi> CNBC
[11:40] <+Nesi> thx
[11:41] <@NihabaAshi> Whatever it was...she saved me about +1.20 because my
actual trailing stop was at 729.70
[11:41] <@NihabaAshi> That happens to me a few times per month...
[11:42] <@NihabaAshi> Some TV market analysis doing a live interval at the
exchanges suddenly say something like that during the interval.
[11:43] <@NihabaAshi> Whatever it was...it cause a volatility spike and the
analyst than continues with the interview without any clarification why they
had made that statement.
[11:44] <+peterpanboy> interesting anyway..
[11:47] <+rickf> long es 1399.75 paper
[11:47] <@NihabaAshi> Kind'uv reminds me of one very windy day here outside
the spouse and I were outside doing some cleanup and she looks up and stare
at something...
[11:47] <@NihabaAshi> While saying..."Oh my gosh".
[11:48] <@NihabaAshi> I instinctively "ducked" (lower my myself) and this
aluminum trashcan goes flying by my head.
[11:48] <@NihabaAshi> :(
[11:48] <@NihabaAshi> 2 more inches...I'm sure I would have been knocked out
cold or worst.
[11:48] <@NihabaAshi> :)
[11:49] <+peterpanboy> home working is dangerous...
[11:49] <@NihabaAshi> Yep
[11:49] <+Andy> ladders are very bad...
[11:50] <+Andy> lots of broken bones, head injuries, even from two steps up
[11:50] <+Andy> and working on the roof? make sure you have a living will
drawn up...
[11:50] <+Andy> :)
[11:51] <+peterpanboy> sorry nihaba can you work and trade at same time ?
[11:51] <@NihabaAshi> Depends on the work.
[11:52] <@NihabaAshi> I take about 2hrs breaks each trading day.
[11:52] <@NihabaAshi> Can't sit in front of the computer and trade all day.
[11:52] <+peterpanboy> yes of course... but for me is difficult to let the
screen alone
[11:53] <@NihabaAshi> You must be young and still single :)
[11:53] <+peterpanboy> yeah 2hrs lunch time I guest
[11:53] <+Andy> good call, niha :)
[11:53] <@NihabaAshi> I have young kids and a spouse...don't have the energy
level to trade all day like when I was young and single.
[11:54] <@NihabaAshi> back in those day I was trading many different markets
with very little sleep
[11:54] <+peterpanboy> now i am still young and girl with me
[11:54] <@NihabaAshi> :)
[11:54] <+peterpanboy> but not children yet
[11:55] <@NihabaAshi> Andy...I'm not a big fan of CNBC but it does has some
usefulnesss.
[11:55] <@NihabaAshi> That's one of them.
[11:55] <+peterpanboy> I wanna have children in next future
[11:56] <+rickf> since i got bloomberg in rarely watch cnbc -- they got soooo
sensational last year it lost all usefulness
[11:56] <@NihabaAshi> I had a broker tell me once that family guys trade less
in comparison to the single guys
[11:56] <+Andy> you have many tricks up your sleeve...and we thank you for
your insights :)
[11:56] <+szubaark> Niha to be Profitible when you were young (high
school,college) shows u had a lot of maturity, most dont at that age
[11:56] <@NihabaAshi> Simply, I don't think your broker will approve of you
having a family in the future :)
[11:56] <+peterpanboy> by the way many thanks nihabaAshi for this chat
[11:57] <@NihabaAshi> szu...don't forget...I grew up in a trading family
(floor traders).
[11:58] <+peterpanboy> I read about that great enviroment
[11:58] <@NihabaAshi> I knew all about what the CME, CBOT, NYBOT (now ICE)
was by the time I reached puberty :)
[11:58] <+peterpanboy> incredible .....
[11:58] <+szubaark> yeah that also gave u a head start, you learned the
tricks and games Fast
[11:58] <+BigDawg291> do you all take a break midday for lunch and b/c
usually it is sort of midday doldrums
[11:59] <+Andy> I learned about the CME when my first daughter became a
teenager...
[11:59] <+Andy> a little later than niha
[11:59] <+Andy> :)
[11:59] <@NihabaAshi> BigDawg...I'm starting to think the mid-lunch doldrums
isn't like it use to many years ago.
[11:59] <+peterpanboy> why?
[11:59] <@NihabaAshi> I hear about too many big price movements while I'm
away at lunch...
[12:00] <@NihabaAshi> I think what's occurring is that there's more market
participation from foreign traders that aren't on the same lunch schedule.
[12:00] <+peterpanboy> yes total agreed
[12:00] <+Andy> one trader I know suggested it was because of the light
volume, big traders could push price more easily
[12:00] <+BigDawg291> ok, thanks, i was just wondering, i have noticed some
days we get real good moves and some days not so much, wondered how you guys
treated it
[12:01] <+rickf> i tend to get in trouble during mid-day ... i'll run errands
and such
[12:01] <+rickf> exit es 1401.75 +2 paper
[12:01] <+peterpanboy> and hungry trader wanna extract every possible drop
from the market
[12:01] <+szubaark> nice rick.. we getting nice bounce at the lows
[12:02] <+rickf> thx szu
[12:02] <@NihabaAshi> I can skip lunch today and trade...spouse and kids
eating lunch at a friends house :)
[12:02] <+peterpanboy> so cooking for yourself
[12:03] <+rickf> really trying to keep my screen simple this week :)
[12:03] <+szubaark> rick, getting rid of those worthless Indicators? (MACD,CCI,RSI)
[12:03] <+rickf> lol price and volume
[12:04] <+BigDawg291> if I call a play today, I wouldn't advise taking it,
first day here and haven't done as well except just recently
[12:04] <+rickf> yep -- though i never used macd/cci/rsi
[12:04] <+BigDawg291> all I use is RSI and BB
[12:04] <+peterpanboy> oh boy how many hours and years spend to use
indicator...
[12:05] <+peterpanboy> like everyone look for ultimate indicator
[12:05] <+rickf> hehe yeah, and then you realize "what ami i doing?"
[12:05] <+peterpanboy> lost money abou that
[12:06] <+rickf> think we all do at some point starting out
[12:06] <+peterpanboy> I think is the typical trader path
[12:07] <+peterpanboy> I think because indicator is from math formula is more
science
[12:07] <+rickf> peterpan - the rite of passage?
[12:07] <+peterpanboy> yes rite of passage
[12:07] <+rickf> i think folks (including me still at times) get caught up in
the science vs the art of trading
[12:07] <+peterpanboy> yes exactly
[12:08] <+peterpanboy> I used math vs art and people emotions
[12:08] <+rickf> one thing i've learned here is that many of the more
xperienced folks keep it simple
[12:09] <+peterpanboy> it is normal from my educational riit
[12:09] <+peterpanboy> sorry root I mean
[12:09] <+rickf> yup
[12:09] <+peterpanboy> yeah keep it simple
[12:10] <+peterpanboy> but emotional side is a BIG issue
[12:10] <+rickf> *nods*
[12:10] <+peterpanboy> I ruin my stomach enought with trading emotions..
[12:11] <@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
[12:11] <+peterpanboy> be informed I am a nervous boy
[12:11] <+rickf> heh
[12:11] <+rickf> this market makes most folks nervous - if they say otherwise
they're lying :)
[12:11] <+peterpanboy> so trading is a big challenge for me
[12:12] <+peterpanboy> maybe if the money is not your you can keep a peace of
mind..
[12:13] <+szubaark> if u know someone why will give novice trader money to
learn on, let me know :))
[12:13] <+peterpanboy> ok
[12:14] <@NihabaAshi> Yeah...I remember my first trading money...about 12k.
[12:14] <@NihabaAshi> I lost almost all that in one day.
[12:15] <+peterpanboy> 12k us$ ????
[12:15] <@NihabaAshi> My old man shook his head in disbelief
[12:15] <@NihabaAshi> Yep
[12:15] <+szubaark> I blew up 4 accounts and reliazed its best to learn on
paper LOL
[12:15] <+rickf> i lost about 4K last fall -- much of it was due to trading
on a substandard platform
[12:16] <+peterpanboy> niha family money yours or trading firm??
[12:16] <+rickf> switched brokers and will prolly go live again soon - but i
wanted to train up first
[12:16] <+peterpanboy> I started as swing trader
[12:17] <+peterpanboy> on Nasdaq tech stocks
[12:17] <+szubaark> $4k(Commodities) $7k(eminis) $4k(eminis) $8k(eminis)
[12:18] <+peterpanboy> works nice at start,but one day the stock open with
-20 %
[12:18] <+BigDawg291> yeah I have lost 10,250 since i started last july
[12:19] <+peterpanboy> many water under the bridge from that times...
[12:19] <+szubaark> thats why if u a Pro, there is a lot of Free Money LOL
[12:19] <+BigDawg291> i have swing traded, futures traded, options traded,
and forex, options really kicked my arse so no more of them
[12:19] <+szubaark> u going against the best in this racket
[12:20] <+peterpanboy> Guys what makes a difference is th TRADER himself who
recover
[12:21] <+peterpanboy> from past bad emotion and study hard to be a great
trader..
[12:21] <+BigDawg291> I have lost 1K trading futures, 1K swing trading,
broken even or up a little on Forex, but lost over 8K on options
[12:21] <+peterpanboy> same in top sport world
[12:21] <+szubaark> yes, but by then most people are Broke and emotionaly
Drained
[12:22] <+peterpanboy> yes... the hardest part is recover from that...
[12:23] <MK> 0,3 Long ER2 @ 733 4,0 «« paper »»
[12:23] <startrader> 0,4 Shorts ES @ 1402
[12:25] <+dragon310> small caps being much stronger then big cap
[12:25] <+dragon310> for the past 2 weeks
[12:28] <+Andy> 0,4 Shorts ES @ 1402.75 4,0 «« paper »»
[12:30] <+szubaark> 0,2 Exited all Long ES at 1402 --> 0 4,0 «« paper »»
[12:32] <+szubaark> 0,4 Shorts ES @ 1402.75 4,0 «« paper »»
[12:35] <+MK> 0,3 Long ER2 @ 733.1 -> Add 4,0 «« paper »»
[12:36] <+Andy> 0,2 Covered all ES Short @ 1403.75 --> - 1 4,0 «« paper »»
[12:36] <+startrader> 0,4 Shorts ES @ 1403.50 -> Add
[12:40] <+Andy> vn st
[12:42] <codehead> US stops buying oil for strategic reserves until its below
75 again
[12:43] <+MK> bigdawg, i've never traded options but thought options had
better loss protection by hedging strategies
[12:45] <+BigDawg291> yeah, but i understood that but was dumb and would go
in with alot instead of just going in with how much i would risk losing
[12:47] <+MK> i see, so you have some different strategy now?
[12:48] <+BigDawg291> yeah forget trading options
[12:48] <+szubaark> 0,2 Covered all Short ES at 1401 --> + 1.75 4,0 «« paper
»»
[12:49] <+MK> how about hedging it with futures?
[12:50] <+BigDawg291> i have never tried that, but that seems very dangerous
to me lol, it could work possibly though I have never tried that
[12:50] <+BigDawg291> here lately I have just beein swing trading, trading
some futures, and a little forex
[12:50] <+MK> ok, thx. wish you the best
[12:51] <+BigDawg291> thanks, wish you the same, hope all of us do well
[12:51] <+MK> 0,3 Long ER2 @ 731.9 -> Add 4,0 «« paper »»
[12:53] <+rickf> i do options now and then - mostly for speculation
[12:53] <+rickf> last big win w/options was on dndn last year ... the mother
of all short squeezes
[12:55] <+startrader> 0,2 Covered 1/2 ES Short @ 1400.25 --> + 3.25
[12:56] <+Andy> wtg st
[13:00] <+rickf> nice star
[13:04] <+Andy> 0,3 Long ES @ 1400 4,0 «« paper »»
[13:07] <@NihabaAshi> volatility still declining since 1215pm est
[13:12] <+Andy> 0,2 Exited 1/4 ES Long @ 1401 --> + 1 4,0 «« paper »»
[13:15] <+Andy> 0,2 Exited Remainder ES Long @ 1400 --> 0 4,0 «« paper »»
[13:15] <+Andy> no more patience...taking way too long
[13:17] <+rickf> short es 1400 sm sz paper
[13:20] <+Andy> can't imagine this pa is that reassuring to the shorts,
either
[13:21] <+Andy> :)
[13:34] <+MK> 0,2 Exited all ER2 Long @ 733.6 --> + 2.3 4,0 «« paper »»
[13:35] <+Andy> vn mk, great patience
[13:36] <+MK> thx Andy
[13:43] <+MK> 0,3 Long ER2 @ 733.8 4,0 «« paper »»
[13:47] <@NihabaAshi> 0,3 Long ER2 @ 734.20 -> small size
[13:53] <@NihabaAshi> 0,2 Exited ER2 Long @ 734.80 --> + 0.6
[13:53] <+MK> 0,2 Exited ER2 Long @ 734.9 --> + 1.1 4,0 «« paper »»
[13:53] <+MK> 0,4 Reverse and Enter Short ER2 @ 734.9 4,0 «« paper »»
[13:55] <+Andy> 0,4 Shorts ES @ 1403.75 4,0 «« paper »»
[13:56] <+Andy> 0,2 Covered 1/4 ES Short @ 1403 --> + 0.75 4,0 «« paper »»
[13:56] <+Andy> 0,2 Covered 1/4 ES Short @ 1402.75 --> + 1 4,0 «« paper »»
[13:59] <+MK> trying to push higher, if doesn't break here should retrace
[14:00] <+startrader> 0,4 Shorts ES @ 1402.50
[14:02] <+Andy> 0,2 Covered 1/4 ES Short @ 1402.75 --> + 1 4,0 «« paper »»
[14:03] <+Andy> 0,2 Covered Remainder ES Short @ 1403.75 --> 0 4,0 «« paper
»»
[14:04] <+Andy> er was driving that one higher
[14:08] <+MK> 0,4 Shorts ER2 @ 736.1 -> Add 4,0 «« paper »»
[14:16] <+MK> es will try to make it back to the morning high
[14:17] <@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
[14:24] <+MK> 0,2 Covered all ER2 Short @ 734.6 --> + 1.8 4,0 «« paper »»
[14:25] <+rickf> exit es short 1402 +0 paper
[14:28] <+BigDawg291> Short YM @ 12818
[14:37] <+rickf> power outage -- later
[14:47] <+peterpanboy> thanks to everyone se ya tomorrow
[14:58] <+Andy> 0,4 Shorts ES @ 1405.5 4,0 «« paper »»
[15:00] <+Andy> high risk trade...
[15:02] <+Andy> 0,4 Shorts ES @ 1405.75 -> Add 4,0 «« paper »»
[15:05] <+Andy> 0,2 Covered all ES Short @ 1407 --> - 2.75 4,0 «« paper »»
[15:05] <+Andy> dumb :(
[15:07] <+Andy> welcome back, rickf
[15:07] <rickf> thx
[15:07] <+rickf> had to run and shut a bunch of servers down before the ups's
all died :(
[15:08] <+Andy> :(
[15:10] <+Andy> the loss above should only be 1.5 not 2.75
[15:12] <+BigDawg291> are you all done trading for the day?
[15:12] <+Andy> not me...
[15:12] <+rickf> who knows what the market may offer?
[15:13] <+Andy> yes!
[15:15] <+BigDawg291> ok cool
[15:18] <+rickf> short es 1404.25 paper
[15:20] <Pepe> ga all
[15:22] <+Andy> ga Pepe
[15:25] <+rickf> exit 1/2 es 1403.25 +1 paper
[15:29] <+Andy> 0,3 Long ES @ 1402.75 4,0 «« paper »»
[15:29] <+rickf> exit remainder es 1402.25 +2 paper (late post)
[15:30] <+Andy> 0,2 Exited 1/3 ES Long @ 1403.75 --> + 1 4,0 «« paper »»
[15:30] <+rickf> quick hit andy :)
[15:30] <+Andy> :)
[15:31] <+Andy> 0,2 Exited 1/3 ES Long @ 1403.75 --> + 1 4,0 «« paper »»
[15:36] <+Andy> 0,2 Exited Remainder ES Long @ 1403.5 --> + 0.75 4,0 «« paper
»»
[15:44] <+rickf> short es 1403 sm sz paper
[15:46] <+rickf> exit 1/2 es 1402 +1 paper
[15:46] <+rickf> hld 1
[15:47] <+Andy> 0,3 Long ES @ 1402.25 4,0 «« paper »»
[15:47] <+rickf> exit es 1402.25 +.75 paper
[15:49] <+Andy> nice scalp, rickf
[15:49] <+rickf> thx andy - just dont want to press my luck
[15:49] <+BigDawg291> nice rick
[15:49] <+rickf> did fairly well today and traded the fewest contracts in a
long time
[15:49] <+rickf> thx bd
[15:50] <+rickf> reeaally trying to work on discipline
[15:52] <+Andy> 0,2 Exited 1/4 ES Long @ 1403.25 --> + 1 4,0 «« paper »»
[15:55] <+Andy> 0,2 Exited 1/4 ES Long @ 1403.25 --> + 1 4,0 «« paper »»
[15:55] <+rickf> i scalp, you scalp, we all scalp for points :)
[15:55] <+Andy> :)
[15:56] <+Andy> 5 min until settlement tsunami
[15:56] <@NihabaAshi> No volatility spikes in the 4pm est rush hour traffic
[15:56] <@NihabaAshi> Not worth continuing watching
[15:56] <+rickf> heheh....my day is not complete w/o niha making reference to
'rushhour traffic' :)
[15:57] <@NihabaAshi> Take care all and see all tomorrow
[15:57] <@NihabaAshi> :)
[15:57] <+rickf> cya
[15:57] <+Andy> cu niha
[15:58] <+Andy> 0,2 Exited 1/4 ES Long @ 1403.75 --> + 1.5 4,0 «« paper »»
[15:58] <+rickf> n
[15:58] <+rickf> vn
[15:58] <+BigDawg291> nice andy
[15:59] <+Andy> thanks rickf, BD
[16:00] <+Andy> 0,2 Exited Remainder ES Long @ 1404.5 --> + 2.25 4,0 «« paper
»»
[16:00] <+rickf> bravo
[16:00] <+rickf> nice way to end the day
[16:00] <+Andy> :)
[16:00] <+rickf> welp i am done myself -- good trading all, see you tomorrow
[16:01] <+Andy> big mistake today...not waiting for pa to confirm
direction...lesson learned, for the moment,anyway :)
[16:03] <+BigDawg291> what is pa?
[16:03] <+Andy> price action
[16:03] <+BigDawg291> oh ok
[16:04] <+BigDawg291> this is only my first day in this chat so still trying
to learn
[16:04] <+Andy> np
[16:04] <+Andy> np = no problem
[16:07] <+BigDawg291> i am still tryingto learn how you all trade and what
you go by, also what do you all usually go for on profit targets and stops?
[16:08] <+Andy> Niha is the best for that...you may want to join his service
or review his comments in the daily transcripts at
www.thestrategylab.com
[16:10] <+Andy> 0,4 Shorts ES @ 1404.25 4,0 «« paper »»
[16:10] <+BigDawg291> ok
[16:11] <+Andy> 0,2 Covered all ES Short @ 1404.5 --> - 0.25 4,0 «« paper »»
[16:13] <+Andy> 0,4 Shorts ES @ 1404.75 4,0 «« paper »»
[16:14] <+BigDawg291> do you play after hours often?
[16:14] <+Andy> no, just today, to keep my mind in it...
[16:14] <+BigDawg291> oh ok
[16:14] <Brutus-L1>
http://custom.marketwatch.com/custom/tdameritrade-com/html-story.asp?guid={a8813c55-3583-418e-8518-9f25e9cc2d4d}
[16:15] <+Andy> 0,2 Covered all ES Short @ 1404.75 --> 0 4,0 «« paper »»
[16:15] <+Andy> good evening all
[16:23] <@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 13 16:36:46 2008
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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)
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#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.
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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
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point of this whole exercise is to make money. Everything
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