#FuturesTrades May 15th Thursday 2008 Trade Log

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.
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	Session Start: Thu May 15 09:32:46 2008 Session Ident: #FuturesTrades [09:32] * Now talking in #FuturesTrades [09:32] <@X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm [09:34] <szubaark> 0,4 Shorts ES @ 1408.25 4,0 «« paper »» [09:35] <Bambam-77> pos er trgt is 730 [09:36] <tzar> possible long on YM [09:36] <+tzar> ty NihabaAshi [09:37] <@NihabaAshi> 0,3 Long ER2 @ 733.80 -> medium size [09:38] <anglo> gm [09:39] <dragon310> short er2 @ 733.80 [09:39] <peterpanboy> hi to everyone [09:40] <+dragon310> covered er2 --> 734.50 --> - .07 :( [09:41] <+tzar> :( [09:41] <KiwiRoo> nice pop.. on alll markets.. [09:41] <@NihabaAshi> 0,2 Exited 3/4 ER2 Long @ 735.20 --> + 1.4 [09:41] <+dragon310> went in right after Niha lol but the other way [09:42] <+KiwiRoo> its pretty much 2sided i reckon. [09:43] <@NihabaAshi> Tough resistance area for ER2 to get above (735.70) [09:44] <+tzar> would you short of it NihabaAshi? or go long after it breaks? [09:44] <@NihabaAshi> 0,2 Exited ER2 Long @ 734.50 --> + 0.7 [09:44] <@NihabaAshi> I'll go Long or Short if I get a signal in that area [09:45] <@NihabaAshi> Simply, s/r levels are trade signals for me. [09:45] <@NihabaAshi> They are more like profit targets [09:46] <@NihabaAshi> clarification.... [09:46] <+tzar> Short 12974 YM [09:46] <@NihabaAshi> Meant to say "s/r levels are NOT trade signals for me". [09:47] <+dragon310> short er2 @ 732.40 --> large [09:47] <+dragon310> i mean 732.80 [09:47] <@NihabaAshi> weak support area for ER2 [09:47] <+Bambam-77> 730 in our sites [09:48] <@NihabaAshi> FED Bernanke now being covered by the TV Financial networks [09:48] <+dragon310> can't type as fast as i trade lol [09:49] <+dragon310> need to get that script [09:49] <@NihabaAshi> 0,3 Long ER2 @ 734.40 -> small size [09:49] <@NihabaAshi> Bernanke causing this volatility [09:50] <+tzar> go out 12890 -16 [09:51] <+dragon310> short was covered for -1.2 loss awhile go btw [09:51] <+szubaark> market still cant decide on direction, chop [09:51] <@NihabaAshi> tight trailing stop now [09:52] <+Spartan> 0,4 Shorts ES @ 1409.75 4,0 «« paper »» [09:52] <@NihabaAshi> 0,2 Exited all ER2 Long @ 734.50 --> + 0.1 [09:53] <+tzar> NihabaAshi how many contracts do you trade usually [09:56] <@NihabaAshi> Between 1 to 9 contracts [09:57] <@NihabaAshi> My average is probably around 3 to 4 [09:59] <@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 [10:00] <+Spartan> 0,2 Covered all ES Short @ 1411.25 --> - 1.5 4,0 «« paper »» [10:00] <@NihabaAshi> 0,3 Long ER2 @ 736.00 -> small size [10:00] <+tzar> Econ report coming out [10:00] <@NihabaAshi> I didn't think that order would get filled :( [10:01] <@NihabaAshi> should have cancelled it [10:02] <@NihabaAshi> 0,2 Exited ER2 Long @ 735.00 --> - 1 [10:02] <@NihabaAshi> Geeesh...that entry and exit felt like an auto trade :( [10:03] <+dragon310> man whip saw [10:03] <+szubaark> mechanical system LOL [10:03] <+dragon310> i still trying to manage my bond trade [10:05] <@NihabaAshi> 0,4 Shorts ER2 @ 734.70 -> medium size [10:05] <@NihabaAshi> Bernanke no longer being followed by the financial TV networks [10:05] <@NihabaAshi> Lets see if this thing can try to retrace that earlier volatility spike price action [10:06] <+tzar> short 12894 got out 12887 +7 YM [10:06] <@NihabaAshi> volatility declining fast [10:07] <@NihabaAshi> :( [10:08] <+tzar> Borsellino is selling [10:08] <@NihabaAshi> 0,2 Covered ER2 Short @ 735.30 --> - 0.6 [10:08] <+Bambam-77> in pos bear blag er [10:09] <+Bambam-77> chop chop [10:09] <+szubaark> like watching a bar room brawl [10:09] <+Bambam-77> y [10:11] <ItalianSharp> if i were to call a side, i'd say short...but hey, i am not playing this tight wedge [10:11] <+dragon310> short 734.90 [10:12] <+Bambam-77> protect positions [10:12] <@NihabaAshi> 0,4 Shorts ER2 @ 734.80 -> medium size [10:12] <@NihabaAshi> lets try that price area again [10:12] <+Bambam-77> i want 730 will we get it ? [10:13] <+dragon310> i want 726 area [10:13] <+Bambam-77> sounds good to me [10:14] <+Bambam-77> 731.8 for starters [10:14] <@NihabaAshi> tightning up my trailing stop [10:14] <+dragon310> me too stop tight to breakeven [10:14] <+dragon310> don't trust this market [10:15] <+Bambam-77> bear paying now [10:15] <+szubaark> Volatility spike to downside [10:15] <@NihabaAshi> 0,2 Covered ER2 Short @ 734.60 --> + 0.2 [10:16] <+szubaark> Quickly getting retraced :( [10:16] <+dragon310> bond needs to rally [10:16] <@NihabaAshi> Yeah...market hasn't started settling down yet even though the volatility is declining [10:16] <+dragon310> stopped out [10:17] <+Bambam-77> move should come closer to 10:30 [10:18] <lumenPharmer> its sucks today, friday going to kill us with opt exp ;) [10:18] <startrader> 0,3 Long ES @ 1407.75 [10:18] <+dragon310> reshourt at 734.90 [10:19] <@NihabaAshi> 0,3 Long ER2 @ 735.40 -> medium size [10:19] <+dragon310> stopped out --> im scaling my contract down to 1 contract [10:20] <@NihabaAshi> geeesh :( [10:20] <+szubaark> Tough if you Long or Short here [10:21] <+startrader> 0,2 Exited all ES Long @ 1411 --> + 3.25 [10:22] <@NihabaAshi> 0,2 Exited ER2 Long @ 736.00 --> + 0.6 [10:22] <+lumenPharmer> 734 -736 mud [10:22] <+lumenPharmer> wtg star [10:26] <@NihabaAshi> 0,4 Shorts ER2 @ 735.50 -> small size [10:27] <+startrader> I missed the same setup on the 8th. After a big move down afternoon with no after hour follow through. Watch for early morning 15 min engulfing action into the lows and fade it. [10:28] <+dragon310> short er2 @7 35.50 [10:28] <@NihabaAshi> volatility declining [10:29] <+tzar> possible sell coming up on ym [10:31] <@NihabaAshi> 0,2 Covered ER2 Short @ 736.00 --> - 0.5 [10:31] <+szubaark> setting up for next quick Volatility spike, either up or down [10:32] <@NihabaAshi> 0,3 Long ER2 @ 736.50 -> medium size [10:32] <+dragon310> covered er short @ 735.9 - .04 [10:33] <@NihabaAshi> ER2 hasn't really gotten anywhere compared to its Opening price of 0930am est [10:34] <+Bambam-77> 35.4 above long below ss [10:36] <+dragon310> ugly [10:36] <+Bambam-77> so far range day [10:37] <@NihabaAshi> As long as the overall volatility via the big picture continues declining...trading will become tougher for us day traders. [10:37] <@NihabaAshi> Reason why my overall average position size has been declining more by the week. [10:37] <+peterpanboy> yeh agreed about that [10:38] <+dragon310> yep [10:38] <+lumenPharmer> my trend bars changing colors every other bar, telling me to run away ;) [10:38] <@NihabaAshi> 0,2 Exited ER2 Long @ 735.20 --> - 1.3 [10:38] <+dragon310> short 735.40 [10:38] <@NihabaAshi> VIX has dropped from +35 mid March to current levels of +17 [10:39] <+dragon310> my last try here... [10:39] <@NihabaAshi> That's a big volatility decline. [10:39] <@NihabaAshi> Not wise to be increasing position size during such... [10:39] <@NihabaAshi> Better to reduce position size [10:40] <+lumenPharmer> Niha your still kick'n arse, er not helping us so far this year [10:40] <+dragon310> yep im only on 1 contract [10:40] <+lumenPharmer> we have been doing this 680 -720 range, makes it real hard [10:40] <@NihabaAshi> 0,3 Long ER2 @ 736.40 -> medium size [10:42] <+lumenPharmer> but what can we do? trade and wait for a change :) [10:42] <+dragon310> stopped out 736.6 [10:42] <+dragon310> im done until a trend develop [10:42] <+dragon310> go focus on my bond trade :) [10:43] <@NihabaAshi> Yeah...I'm about to take a break from trading heere soon [10:45] <@NihabaAshi> 0,2 Exited ER2 Long @ 736.50 --> + 0.1 [10:45] <@NihabaAshi> Bad time to take that trade when my head was saying it's time to trake a break. [10:45] <@NihabaAshi> Be back later [10:45] <+peterpanboy> ok [10:45] * NihabaAshi is now known as NihabaAshi_away [10:59] <rickf> gm all [11:01] <BigDawg291> morning rick [11:02] <+tzar> welcome BigDawg291 [11:03] <+rickf> long es 1413 paper [11:03] <+peterpanboy> gm rickf [11:04] <+rickf> gm bd, peter [11:05] <+startrader> 0,4 Shorts ES @ 1414 [11:06] * NihabaAshi_away is now known as NihabaAshi [11:07] <@NihabaAshi> Looks like another creeper move up and that's not a surprise because the VIX is declining [11:11] <@NihabaAshi> 0,4 Shorts ER2 @ 737.60 -> medium size [11:11] <+rickf> reverse es 1412.25 paper [11:12] <+startrader> 0,2 Covered all ES Short @ 1412.25 --> + 1.75 [11:12] <+szubaark> nice star [11:12] <+rickf> vn [11:12] <+dragon310> short at 737.60 [11:13] <+dragon310> zn is rallying [11:14] <+startrader> ty [11:15] <+rickf> exit es 1412.25 +0 -- chart lagging, going to restart :( [11:15] <@NihabaAshi> Another result of a declining oveall volatility is that key markets become less likely to be in sync sort'uv speak [11:17] <@NihabaAshi> 0,2 Covered all ER2 Short @ 736.40 --> + 1.2 [11:18] <@NihabaAshi> Looks like I got back just in time from my small break from trading or else I would have missed this little down move since the intraday high [11:19] <+tzar> NihabaAshi where are you from? [11:25] <@NihabaAshi> I live in Québec City (Canada) area... [11:25] <@NihabaAshi> http://maps.google.ca/maps?hl=en&q=Quebec,+QC,+Canada&um=1&ie=UTF-8&sa=X&oi=geocode_result&resnum=1&ct=title [11:25] <+tzar> oh thats cool, im in Toronto [11:26] <+tzar> 801 Km away [11:26] <@NihabaAshi> Born in the Caen (France) area... [11:26] <@NihabaAshi> http://maps.google.ca/maps?hl=en&q=Caen,+France&um=1&ie=UTF-8&sa=X&oi=geocode_result&resnum=1&ct=title [11:27] <+tzar> Do you ever come to toronto? [11:27] <@NihabaAshi> Grew up in the Chicago (Illinois U.S.A.) area... [11:27] <@NihabaAshi> http://maps.google.ca/maps?hl=en&q=Chicago,+IL,+USA&um=1&ie=UTF-8&sa=X&oi=geocode_result&resnum=1&ct=title [11:28] <@NihabaAshi> Yeah...once in awhile (every few years) I'll drive through there while on vacation. [11:28] <+dragon310> sweet bond is rally [11:28] <+startrader> 0,3 Long ES @ 1411 [11:28] <@NihabaAshi> However, use to visit it a lot when I was in my teens and early 20's [11:29] <+tzar> NihabaAshi, well next time you are here, come by ill give ya some beer and bbq some steak. I make the best steak [11:30] <@NihabaAshi> Whenever I visit another trader in person... [11:30] <@NihabaAshi> I prefer to bring my laptop...do a little trading in front of the trader to get the formalities of is "he real" out of the way. [11:30] <+tzar> haha [11:30] <+tzar> i would love that [11:31] <@NihabaAshi> Then we can go out with the family for Wine and Steak [11:31] <@NihabaAshi> I'm not much of a beer guy [11:31] <+tzar> Wine is fine by me [11:32] <+rickf> my chateau is your chateau if you make it to DC [11:32] <+tzar> NihabaAshi, where does your nick come from.. manga? [11:32] <@NihabaAshi> It's a martial arts term and a Japanese Candlestick term [11:33] <+tzar> what does it mean? [11:33] <@NihabaAshi> Ashi...kicking via the foot [11:33] <@NihabaAshi> Nihaba not a meaning all by itself until it is in combo with something... [11:34] <@NihabaAshi> With Ashi it becomes "footprints". [11:34] <+tzar> interesting [11:34] <+tzar> how long have you been trading? [11:35] <+peterpanboy> nihaba do you practicize somr martial arts? [11:37] <@NihabaAshi> A long time ago as a side sport [11:38] <+rickf> wow. trading on the ICE has been halted due to power failure [11:38] <+rickf> https://www.theice.com/ [11:38] <+rickf> that's not a good sign [11:38] <+szubaark> Quotes fine here [11:39] <+rickf> saw a news article, and then checked their home page [11:39] <+startrader> 0,2 Exited all ES Long @ 1411 --> 0 [11:39] <+peterpanboy> which martial ? [11:39] <@NihabaAshi> Yeah...ICE must be using the same work crew from the CBOT :) [11:39] <+szubaark> usually IB would flash a Bulletin.. [11:39] <@NihabaAshi> Judo [11:40] <+peterpanboy> umh.. so I remember the kick move de ashi barai do you? [11:40] <+peterpanboy> the firt they teach you [11:40] <+rickf> i used to do taekwondo and dabbled briefly in jujitsu [11:41] <+peterpanboy> oh a martial art cove inthere [11:41] <@NihabaAshi> Don't remember anything like that [11:41] <+peterpanboy> no problem [11:42] <+peterpanboy> but judo was my first martial arts [11:42] <+Spartan> 0,4 Shorts ES @ 1409.50 4,0 «« paper »» [11:42] <+szubaark> nice exit Star [11:43] <@NihabaAshi> Peter...you from Brazil or Portugal ??? [11:43] <+peterpanboy> why you suppose that?? [11:43] <@NihabaAshi> I know we have someone in here from either Brazil or Portugal but I can't remember whom. [11:43] <+peterpanboy> no but I have latino blood in my veins [11:44] <+peterpanboy> now europe resident [11:44] <@NihabaAshi> 0,4 Shorts ER2 @ 735.40 -> small size [11:44] <+rickf> short es 1410.25 paper [11:44] <@NihabaAshi> Key markets in sync but I don't know how long it will last [11:45] <@NihabaAshi> intuition and 2 contracts only [11:45] <@NihabaAshi> Will be reducing my position size down to 1 contract for the remainder of the trading day [11:46] <+peterpanboy> interesting key markets sync [11:46] <+peterpanboy> which market if possible to know? [11:49] <@NihabaAshi> DAX, Oil, Gold, Eminis for today is what I'm using [11:49] <+peterpanboy> ok many thanks [11:49] <+rickf> i monitor the dax in the morning session - it's been a great leading indicator for the es [11:49] <@NihabaAshi> Last week I was watching the U.S. Dollar and Euro a lot [11:50] <+peterpanboy> thanks rickf [11:51] <+rickf> np [11:51] <+peterpanboy> what do you think about t-bill or german Bund should be inverse correlated [11:51] <+peterpanboy> I mean bond inverse versus equity [11:52] <+rickf> dont know, dont follow them much [11:52] <+peterpanboy> ok [11:55] <+rickf> exit es 1411 -.75 paper [11:55] <+Spartan> 0,2 Covered all ES Short @ 1411.50 --> - 2 4,0 «« paper »» [11:55] <@NihabaAshi> 0,2 Covered ER2 Short @ 736.40 --> - 1 [11:59] * codehead_afk is now known as codehead [12:03] <@NihabaAshi> This is the first time ever I heard that ICE was down [12:03] <+rickf> same here [12:03] <@NihabaAshi> Don't remember that ever happening before when it became known as ICE [12:03] <+rickf> and they have a bunch of stuff expirign today too [12:03] <@NihabaAshi> Oouch [12:03] <+rickf> not the best time to go down [12:04] <+Spartan> hey niha, you still gonna trade er2 when it goes to the ice? [12:04] <@NihabaAshi> Yeah unless the volatility is too low [12:04] <+peterpanboy> cospirational issue here [12:04] <+Spartan> I see [12:04] <+rickf> it's definately *not* like the es in terms of volatility, for sure [12:05] <+rickf> weird only seeing hundreds, vice thousands, in the dom display :) [12:05] <@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 [12:06] <+peterpanboy> one thing I know,after trading one ICE the crude mini future exploding up [12:06] <werner> hi all [12:07] <+peterpanboy> hi werner [12:07] <+rickf> hey werner [12:07] <+peterpanboy> someone tell me is more wild exchange but never investigate on that [12:07] <+werner> yo rickf,pp [12:24] <+codehead> crude under 124 in a healthy drop [12:25] <MK> 0,3 Long ER2 @ 738 -> Add 4,0 «« paper »» [12:26] <+codehead> meant under 123 [12:26] <+codehead> dropped 2.5 in 25 mins [12:32] <+codehead> Qm tapped 121.8! [12:32] <+rickf> es trying to punch thru the highs of hte day [12:33] <+MK> 0,2 Exited all ER2 Long @ 739.9 --> + 2.8 4,0 «« paper »» [12:41] <@NihabaAshi> 0,3 Long ER2 @ 740.20 -> small size [12:43] <@NihabaAshi> 0,2 Exited ER2 Long @ 739.70 --> - 0.5 [12:43] <@NihabaAshi> 0,4 Shorts ER2 @ 739.60 -> small size [12:47] <@NihabaAshi> 0,2 Covered ER2 Short @ 739.90 --> - 0.3 [12:47] <@NihabaAshi> That went well :( [12:48] <@NihabaAshi> Be back later and I'll probably miss another directional price movement. [12:48] * NihabaAshi is now known as NihabaAshi_away [12:52] <+startrader> 0,4 Shorts ES @ 1416 [13:00] <+startrader> Looking for 1412 and 1409.50 stop at 17.50. [13:01] <+startrader> 0,2 Covered all ES Short @ 1417.50 --> - 1.5 [13:02] <+startrader> 0,4 Shorts ES @ 1417 [13:07] <+MK> 0,4 Shorts ER2 @ 739.9 4,0 «« paper »» [13:09] <+dragon310> short er 740 [13:15] <Andy> ga all [13:17] <+codehead> QM 120.800 hit--.382 of last up leg on daily is 120.6 [13:18] <+dragon310> covered er 739 +1 [13:22] <+MK> 0,2 Covered all ER2 Short @ 738.6 --> + 1.3 4,0 «« paper »» [13:22] <+szubaark> nice MK [13:23] <+MK> thx szu [13:23] <+rickf> vn [13:33] <+MK> 0,3 Long ER2 @ 739.4 4,0 «« paper »» [13:34] * NihabaAshi_away is now known as NihabaAshi [13:37] <+tzar> wb NihabaAshi [13:39] <+MK> 0,2 Exited ER2 Long @ 738.8 --> - 0.6 4,0 «« paper »» [13:39] <+MK> 0,4 Reverse and Enter Short ER2 @ 738.8 4,0 «« paper »» [13:39] <+ItalianSharp> wow, who pulled the rug on YM? [13:47] <@NihabaAshi> 0,3 Long ER2 @ 739.50 -> small size [13:49] <@NihabaAshi> 0,2 Exited ER2 Long @ 740.00 --> + 0.5 [13:53] <+Bambam-77> 39.20 below ss above long [14:00] <+Bambam-77> using 15.75 as es pivot for trgt 12.25 then -1410 area otherwise long above [14:08] <@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 [14:09] <+Bambam-77> protect pos [14:09] <+MK> 0,4 Shorts ER2 @ 740 -> Add 4,0 «« paper »» [14:10] <@NihabaAshi> 0,3 Long ER2 @ 740.10 -> small size [14:11] <+MK> 0,2 Covered ER2 Short @ 740.7 --> - 1.9 4,0 «« paper »» [14:11] <+MK> 0,3 Reverse and Enter Long ER2 @ 740.7 4,0 «« paper »» [14:11] <@NihabaAshi> 0,2 Exited ER2 Long @ 740.70 --> + 0.6 [14:12] <+startrader> 0,4 Shorts ES @ 1418.50 [14:17] <+ItalianSharp> NQ particularly bearish right now...either it hit its high of the day, or it gotta be some stop runnign before attemptign to break yesterday's highs [14:20] <+MK> 0,2 Exited ER2 Long @ 740.8 --> + 0.1 4,0 «« paper »» [14:20] <+MK> 0,4 Reverse and Enter Short ER2 @ 740.8 4,0 «« paper »» [14:20] <+ItalianSharp> something must have spooked the markets...all US eminis were nicely in synch before the NQ drop [14:26] <+rickf> short es 1417 paper sm sz [14:29] <+ItalianSharp> looks like someone was done watching this creeping uptrend :) [14:29] <+rickf> exit 1/2 es 1415 +2 paper [14:29] <+rickf> heh [14:30] <+Andy> vn rickf [14:30] <+rickf> ty andy [14:32] <+startrader> 0,4 Shorts ES @ 1416 [14:36] <+rickf> exit remainder es 1416 +1 paper [14:37] <+MK> 0,2 Covered ER2 Short @ 740.2 --> + 0.6 4,0 «« paper »» [14:37] <+MK> 0,3 Reverse and Enter Long ER2 @ 740.2 4,0 «« paper »» [14:38] <+rickf> es keeps flirting with the hod - frustrating to take a long here [14:41] <+Andy> 0,4 Shorts ES @ 1417.25 4,0 «« paper »» [14:45] <@NihabaAshi> 0,3 Long ER2 @ 740.40 -> small size [14:46] <+Andy> 0,2 Covered all ES Short @ 1417.5 --> - 0.25 4,0 «« paper »» [14:51] <@NihabaAshi> I don't have the stomach for trading any more today...no more patience :( [14:52] <+szubaark> another tough creeper uptrend, impossible to trade unless you in on it. [14:52] <+tzar> NihabaAshi take a drive to Toronto, will cool you down :) [14:54] <+peterpanboy> yes many small swing up and down [14:54] <+peterpanboy> I used to it [14:55] <@NihabaAshi> 0,2 Exited ER2 Long @ 741.50 --> + 1.1 [14:55] <+peterpanboy> but my eyes are very tired to follow the uptick all day long [14:56] <@NihabaAshi> That was my last trade of the day...calling it quits. [14:56] <@NihabaAshi> Hopefully tomorrow is exciting enough to get the blood flowing :) [14:56] <+peterpanboy> ok that s all for me now [14:56] <+peterpanboy> see ya tomorrow [14:56] <+tzar> cya peter [14:57] <+peterpanboy> ready for big fight [14:57] <+peterpanboy> see ya tzar [14:57] <+peterpanboy> see ya nihaba and everyone bye [14:58] <@NihabaAshi> Take care and see all tomorrow [14:58] * NihabaAshi is now known as NihabaAshi_ashi [14:58] <+tzar> merci NihabaAshi_ashi [14:58] * NihabaAshi_ashi is now known as NihabaAshi_away [14:58] <+Andy> 0,4 Shorts ES @ 1419 4,0 «« paper »» [15:00] <+Andy> 0,2 Covered 1/3 ES Short @ 1418 --> + 1 4,0 «« paper »» [15:00] <+Andy> 0,2 Covered 1/3 ES Short @ 1418 --> + 1 4,0 «« paper »» [15:02] <+Andy> h2 [15:04] <+Andy> 0,2 Covered ES Short @ 1417.5 --> + 1.5 4,0 «« paper »» [15:04] <+Andy> h1 [15:06] <+rickf> nice lil scalps [15:06] <+Andy> thanks rickf, :) [15:09] <+Andy> 0,2 Covered Remainder ES Short @ 1419 --> 0 4,0 «« paper »» [15:13] <+startrader> got r1 here at 19.75, see if this can contain it. [15:19] <+Andy> 0,4 Shorts ES @ 1420 4,0 «« paper »» [15:20] <+Andy> 0,2 Covered all ES Short @ 1420 --> 0 4,0 «« paper »» [15:20] <+Andy> chickened out [15:20] <+Andy> too heroic [15:20] <+rickf> prolly a good idea [15:20] <+Andy> :( [15:20] <+Andy> &^&*&**^&^^%^&*(*(( [15:20] <+rickf> bid/ask favors the sellers [15:20] <+rickf> hehehe [15:21] <+rickf> hey - if you kept your capital, you didn't lose it. never a bad trade imho [15:21] <+Andy> yah [15:21] <+rickf> "there's always another trade" :) [15:21] <+Andy> :) [15:22] <+Andy> as soon as wipe away my tears, I will consider that [15:23] <+Andy> :) [15:23] <+rickf> lol [15:32] <+dragon310> back wow market haven't changed much [15:32] <+werner> gn all [15:32] <+rickf> cya [15:32] <+Andy> gn werner [15:32] <+rickf> dragon - yeah. [15:32] <+werner> :) [15:33] <+rickf> i remember last year i was on travel and ignored the news; i came back and the market was right where i had left it (roughly) -- and i couldn't understand why folks were so upset. we moved like 500 points up/down that week but ended near where we started :) [15:42] <+rickf> long es 1422.25 paper [15:43] <+Andy> 0,4 Shorts ES @ 1422.5 4,0 «« paper »» [15:45] <+Andy> 0,2 Covered all ES Short @ 1423 --> - 0.5 4,0 «« paper »» [15:46] <+rickf> exit es 1424.25 +2 paper [15:46] <+Andy> vn rickf [15:46] <+rickf> thx [15:51] <+Andy> 0,4 Shorts ES @ 1424.75 4,0 «« paper »» [15:54] <+tzar> ym @ 13000 [15:55] <+Andy> 0,2 Covered 1/3 ES Short @ 1423.75 --> + 1 4,0 «« paper »» [15:55] <+Andy> 0,2 Covered 1/3 ES Short @ 1423.25 --> + 1.5 4,0 «« paper »» [15:56] <+rickf> c'mon....a few more ticks.... [15:56] <+Andy> h3 [15:57] <+Andy> 0,2 Covered ES Short @ 1422.25 --> + 2.5 4,0 «« paper »» [15:57] <+Andy> h2 [15:58] <pdays> 0,4 Shorts YM @ 14979 [15:58] <+Andy> 0,2 Covered ES Short @ 1422.75 --> + 2 4,0 «« paper »» [15:58] <+Andy> h1 [16:00] <+Andy> 0,2 Covered Remainder ES Short @ 1423.5 --> + 1.25 4,0 «« paper »» [16:00] <+rickf> nice run [16:00] <+Andy> thanks rickf [16:01] <+Andy> completely wrong read on the breakout, though...education today :) [16:01] <+rickf> i hear ya [16:02] <+Andy> saw the volume come, supporting the longs and didn't have the dexterity to turn and reverse [16:02] <+Andy> didn't really recognize it at the time, to tell the truth [16:03] <+rickf> been a weird few days anyway [16:04] <+rickf> anyway i'm done -- good evening all, see you tomorrow [16:11] <@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 [16:15] <Brutus> http://custom.marketwatch.com/custom/tdameritrade-com/html-story.asp?guid={1bbe52d7-16f4-4717-acc5-7f7fdd375e7a} [18:17] <@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 [20:04] * codehead is now known as codehead_afk Session Close: Thu May 15 20:04:28 2008
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)
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NYMEX Energies Light Crude Oil CL, e-miNY QM and Natural Gas NG

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