 |
 |
 |
 |
 |
| May Trade Log | Trade Strategies | WRB Analysis Tutorials | Music While Trading | Testimonials | Disclaimer |
#FuturesTrades
May 19th Monday 2008 Trade Log
|
CME EuroFX 0515am - 0530am est |
|
|
|
click on image to view actual size |
||
|
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: Mon May 19 09:28:54 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] <Brutus> http://custom.marketwatch.com/custom/tdameritrade-com/html-story.asp?guid={d8ae8acc-5002-4094-8072-96a7968e7dbf}
[09:29] <Brutus> http://custom.marketwatch.com/custom/tdameritrade-com/html-story.asp?guid={3c12f50c-c38d-4ec8-beb4-ec5187024262}
[09:29] <tzar> morning NihabaAshi
[09:29] <futurible> gm all
[09:29] <Flex> morning
[09:30] <drt> gm
[09:31] <rickf> short es 1426 paper
[09:33] <ripsboy> gm all...
[09:35] <@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
[09:37] <szubaark> 0,4 Shorts ES @ 1425.25 4,0 «« paper »»
[09:38] <anglo> gm
[09:40] <@NihabaAshi> 0,4 Shorts ER2 @ 736.50 -> medium size
[09:40] <@NihabaAshi> Geeesh :(
[09:41] <@NihabaAshi> accidentally "cancelled" a Short order around 738.00 :(
[09:41] <+tzar> ooh :(
[09:41] <PapaJon> bummer
[09:41] <lumenPharmer> had 739.40, ;( i c i covered to soon
[09:41] <+rickf> exit es 1423.75 paper +2
[09:41] <+szubaark> nice entry rick
[09:41] <+rickf> i think - heard the sound but chart froze
[09:41] <+rickf> thx
[09:42] <+PapaJon> yah.. me too lp.. was sh at 740.9
[09:42] <+lumenPharmer> nice
[09:42] <+PapaJon> bailed on the retrace
[09:42] <+PapaJon> ugh
[09:42] <+rickf> yep it took - my es data locking up :(
[09:42] <@NihabaAshi> 0,2 Covered ER2 Short @ 737.00 --> - 0.5
[09:45] <+tzar> NihabaAshi, happy Victoria's Day
[09:45] <+rickf> anyone else having problems with ES data
[09:45] <+tzar> rickf what broker/platform
[09:45] <+rickf> open ecry
[09:46] <+lumenPharmer> ts ok rick
[09:46] <+tzar> infinityfutures working fine here
[09:46] <Nesi> I am having problems..rick
[09:46] <+PapaJon> esignal and ib is ok
[09:46] <+szubaark> 0,2 Covered all Short ES at 1425.25 --> 0 4,0 «« paper »»
[09:46] <@NihabaAshi> tzar...yeah, its a holiday here and I'll be making it a quick trading day (just a few trades only).
[09:46] <peterpanboy> e-signal ok
[09:47] <+rickf> hrm - my live platform data is ok, must be problem w/papertrading servers
[09:48] <+tzar> NihabaAshi :), most canadians are out inclduing institutional... should be a slow day
[09:48] <@NihabaAshi> 0,3 Long ER2 @ 737.90 -> medium size
[09:51] <+PapaJon> my mp chart suggests er2 may rotate between 742 and 735'ish....
[09:52] <+PapaJon> will be interesting to see what actually happens
[09:52] <@NihabaAshi> 0,2 Exited ER2 Long @ 739.60 --> + 1.7
[09:53] <@NihabaAshi> 0,3 Long ER2 @ 739.90 -> small size
[09:53] <+lumenPharmer> NQ ES new highs , er not yet
[09:53] <+lumenPharmer> er weaker so far
[09:54] <@NihabaAshi> 0,2 Exited ER2 Long @ 739.50 --> - 0.4
[09:54] <+PapaJon> yep.... lots of diveregence there.. in it's action
[09:56] <@NihabaAshi> 10am est Leading Index Report around the corner
[09:57] <+peterpanboy> nihaba your size is fixed or change day by day
[09:57] <@NihabaAshi> Changes accordingly to many factors from trade to trade
[09:58] <+peterpanboy> so small size today is 3 lots for example and tommorow will be 5 for example?
[09:58] <@NihabaAshi> No
[09:58] <+peterpanboy> oh..
[09:58] <@NihabaAshi> Small size can be 1, 2 or 3 contracts
[09:59] <@NihabaAshi> Not just 3
[10:00] <+peterpanboy> ok so will be frationable sometimes
[10:00] <@NihabaAshi> frationable ???
[10:01] <+peterpanboy> emh fractionable
[10:01] <@NihabaAshi> 0,4 Shorts ER2 @ 739.20 -> medium size
[10:04] <+peterpanboy> Nihaba :I mean you can exit a part now with 2 contracts and let 1 for a bigger gain
[10:05] <+peterpanboy> if you use 3 contracts,this is impossible if only 1 contract is used
[10:06] <+peterpanboy> of course take care of your trades and after when time permits
[10:06] <+peterpanboy> answer to my question
[10:06] <+peterpanboy> thanks a lot for your time
[10:07] <@NihabaAshi> 0,2 Covered ER2 Short @ 739.90 --> - 0.7
[10:07] <+szubaark> 0,3 Buys ES @ 1430.25 4,0 «« paper »»
[10:07] <@NihabaAshi> 0,3 Long ER2 @ 740.30 -> medium size
[10:07] <+szubaark> another creeper trend? LOL
[10:10] <@NihabaAshi> 0,2 Exited all ER2 Long @ 742.20 --> + 1.9
[10:10] <+lumenPharmer> contacting ts, telling them to leave the short button off their next upgrade ;) up up and away
[10:11] <+lumenPharmer> nice niha :)
[10:14] <+lumenPharmer> er not above fridays highs, nq es clear
[10:19] <KN-ES> 0,4 Shorts ES @ 1430.50
[10:19] <+KN-ES> s.l 31.75
[10:19] <@NihabaAshi> 0,4 Shorts ER2 @ 739.90 -> small size
[10:20] <+KN-ES> 0,2 Covered all ES Short @ 1430.75 --> - 0.25
[10:23] <@NihabaAshi> Overall volatility declining
[10:23] <@NihabaAshi> VIX is range bound
[10:24] * subq -- market profile charts, updated daily -- http://www.charthub.com/chart/search/mpchart
[10:24] <@NihabaAshi> good time to keep position size small
[10:25] <@NihabaAshi> 0,2 Covered ER2 Short @ 740.90 --> - 1
[10:26] <@NihabaAshi> 0,4 Shorts ER2 @ 740.50 -> small size
[10:26] <+KN-ES> 0,4 Shorts ES @ 1431.25
[10:26] <+KN-ES> s.l 32.75
[10:27] <+szubaark> nice fakeout on ES
[10:29] <@NihabaAshi> 0,2 Covered ER2 Short @ 741.40 --> - 0.9
[10:29] <@NihabaAshi> 0,3 Reverse and Enter Long ER2 @ 741.40
[10:29] <Andy> 0,4 Shorts ES @ 1432.25 4,0 «« paper »»
[10:29] <+KN-ES> 0,4 Shorts ES @ 1432.25
[10:29] <+KN-ES> add
[10:30] <@NihabaAshi> volatility declining more
[10:30] <@NihabaAshi> If price goes a little higher...its in creeper mode on the declining volatility
[10:31] <@NihabaAshi> 0,2 Exited ER2 Long @ 741.50 --> + 0.1
[10:33] <+Andy> 0,2 Covered 1/3 ES Short @ 1431.25 --> + 1 4,0 «« paper »»
[10:33] <+KN-ES> nice trade Andy
[10:33] <+Andy> :) thanks KN
[10:33] <@NihabaAshi> 0,4 Shorts ER2 @ 740.90 -> small size
[10:34] <@NihabaAshi> Key markets not in sync...
[10:34] <@NihabaAshi> ER2 is on its own.
[10:35] <+tzar> thats not something we looking to see, correct?
[10:35] <+szubaark> Volatility spike to upside (small)
[10:35] <@NihabaAshi> 0,2 Covered ER2 Short @ 742.40 --> - 1.5
[10:35] <@NihabaAshi> 0,3 Reverse and Enter Long ER2 @ 742.40
[10:35] <+Andy> 0,2 Covered Remainder ES Short @ 1432.5 --> - 0.25 4,0 «« paper »»
[10:36] <+Andy> something going on with ECry server...
[10:36] <@NihabaAshi> volatility spike
[10:36] <+Andy> not working :(
[10:36] <@NihabaAshi> VIX outside its range
[10:36] <@NihabaAshi> breakout
[10:36] <+Flex> 0,3 Long EURUSD @ 1.5510 4,0 ?? testing ??
[10:39] <@NihabaAshi> 0,2 Exited ER2 Long @ 743.80 --> + 1.4
[10:40] <@NihabaAshi> 0,4 Shorts ER2 @ 743.30 -> small size
[10:40] <+szubaark> 0,2 Exited all Long ES at 1433.25 --> + 3 4,0 «« paper »»
[10:40] <+szubaark> 0,4 Shorts ES @ 1433.25 4,0 «« paper »»
[10:41] <@NihabaAshi> I'm done trading for the day @ 11am est
[10:42] <T-stop> nice wk
[10:42] <+tzar> NihabaAshi, is it bad that the markets are out of sync?
[10:42] <+szubaark> not much Volatility, could be a long day
[10:42] <+peterpanboy> well done nihaba
[10:43] <@NihabaAshi> tsar...depends on the goal of your trade
[10:45] <@NihabaAshi> Right now...key markets are in sync via all of them producing small tight intervals over the last few intervals
[10:45] <@NihabaAshi> However, as soon as one produces a volatility spike...
[10:45] <@NihabaAshi> I'm looking for an exit out of my position
[10:47] <@NihabaAshi> 0,2 Covered ER2 Short @ 741.90 --> + 1.4
[10:48] <+tzar> thanks, NihabaAshi
[10:48] <+peterpanboy> Nihaba this interval price range are always time interval?
[10:48] <+peterpanboy> meanwhile nice short Nihaba
[10:49] <@NihabaAshi> I use 1min, 2min, 3min, 5min and 15min chart intervals
[10:49] <+peterpanboy> ok thanks
[10:50] <+peterpanboy> never test tick or costant volume bars and if so noted some better?
[10:50] <@NihabaAshi> I don't use volume nor volume bars but a few in here do
[10:51] <+peterpanboy> thanks the range is min-max or open close ie body of the candle?
[10:52] <+szubaark> 0,6 exit stop moved to breakeven ES @ 1433.25 4,0 «« paper »»
[10:52] <+tzar> NihabaAshi, is there a screenshot of your setup somewhere on the website?
[10:52] <@NihabaAshi> peter...I'm not sure what your question is about.
[10:52] <@NihabaAshi> tzar...are you asking what my charts look like ???
[10:52] <+tzar> yep
[10:52] <@NihabaAshi> Yes...there are some all over the place...I'll find one...
[10:54] <+szubaark> 0,2 Covered all Short ES at 1433.25 --> 0 4,0 «« paper »»
[10:55] <+peterpanboy> I mean for the price range of this interval is more important the entire range,ie the min max of the bar(candle) or only the open/close range of the bar(candle body)
[10:55] <+peterpanboy> or maybe both
[10:55] <+szubaark> 0,3 Buys ES @ 1433.50 4,0 «« paper »»
[10:55] <@NihabaAshi> Here are a few notable ones I have printed and posted on my wall because they help keep me focus when things get confusing...
[10:55] <+peterpanboy> sorry if my spelling is not correct
[10:55] <@NihabaAshi> http://www.thestrategylab.com/images/092906NihabaAshiPnLBlotterLoss.png
[10:56] <@NihabaAshi> http://www.thestrategylab.com/images/041307mFuturesTrades.png
[10:56] <@NihabaAshi> http://www.thestrategylab.com/images/041607mFuturesTrades.png
[10:57] <@NihabaAshi> To understand why those 3 charts are special...you need to read this message post.
[10:57] <@NihabaAshi> http://thestrategylab.com/forum/index.php?topic=315.0
[10:57] <+rickf> back in a bit
[10:58] <@NihabaAshi> Those charts has volume on it only because there are a few guys I talk to in private that use "volume heavily".
[10:59] <+peterpanboy> so price priority only?
[10:59] <@NihabaAshi> Simply, I need to see what they are talking about when they give a "volume analysis" to see how it correlates with my "volatility analysis"
[10:59] <@NihabaAshi> Price is King :)
[10:59] <+peterpanboy> yep right
[11:00] <+tzar> NihabaAshi, do you offer mentoring programs?
[11:00] <@NihabaAshi> No
[11:00] <+tzar> :(
[11:02] <@NihabaAshi> If you ever consider getting involved in mentoring with someone...read this first...
[11:02] <@NihabaAshi> http://thestrategylab.com/forum/index.php?topic=15.0
[11:02] <+tzar> NihabaAshi, what about this, ill cook for you everyday, ill make the best steaks you will ever eat.
[11:02] <+peterpanboy> Nihaba this volatility analysis is interesting for sure
[11:04] <@NihabaAshi> tzar...I've been asked by about 10 - 15 different traders every year since 1990 to mentor with them offering anywhere between 3k to 10k...
[11:04] <@NihabaAshi> My answer is always "NO"
[11:05] <@NihabaAshi> Same with trading someone's account...
[11:05] <+tzar> have you ever been offered food?
[11:05] <@NihabaAshi> My spouse and grandmother are excellent cooks :)
[11:05] <+tzar> hehe, im sure
[11:05] <@NihabaAshi> I even had one guy offer his wife for you know what :)
[11:06] <@NihabaAshi> Still no :)
[11:06] <+tzar> but the steaks that i make, will just melt as soon as they touch your tonge
[11:06] <+Flex> 0,2 Exited all EURUSD Long @ 1.5495 --> - 0.0015
[11:06] <+tzar> hahaha
[11:06] <+tzar> wow
[11:06] <+szubaark> Just because a successful trader is Mentoring you, doesn't mean you can Duplicate his results. You also have Emotions, different backgrounds, Financial situation etc.
[11:06] <@NihabaAshi> szu...agree.
[11:06] <+tzar> i also agree
[11:07] <@NihabaAshi> That link about what other things are involved gives a big hint that its not all about "entry signals"...
[11:07] <@NihabaAshi> There's more stuff going on.
[11:07] * codehead_afk is now known as codehead
[11:07] <@NihabaAshi> "It's Not All About the Entry Signal" at this link posted earlier...
[11:08] <@NihabaAshi> http://thestrategylab.com/forum/index.php?topic=315.0
[11:08] <+peterpanboy> Nihaba I think the better trader is from theirself
[11:08] <+peterpanboy> this chat is a real gem
[11:10] <+peterpanboy> old school say yo have to "steal" with your eyes
[11:10] <+peterpanboy> look others great traders entry and exit
[11:11] <+peterpanboy> tzar what is very important and need a lot of time is "screen time"
[11:12] <+peterpanboy> anyway trading is a never ending trip so every day one can learn something new
[11:12] <+tzar> i agree
[11:13] <+szubaark> yup, and most people cant put in the screen time because of Financial responsibilities (house,car payment etc)
[11:13] <+tzar> im getting a job with a night shift
[11:13] <+tzar> ill be a zombie
[11:14] <+szubaark> tzar, how much experience do u have in the markets?
[11:14] <+peterpanboy> umh.. yeh very hard
[11:14] <+tzar> szubaark, i been trading stocks for a bout a year
[11:14] <+tzar> day trading, doing 70 trades per day
[11:14] <+peterpanboy> but you can increase your capital
[11:15] <+szubaark> stocks and eminis are two different beasts
[11:15] <+tzar> thats for sure
[11:15] <+tzar> but i traded of level2 and time and sales
[11:15] <+peterpanboy> sure e-minis are turbo-charged
[11:15] <+tzar> almost no charts
[11:15] <+tzar> thats helps me a bit in reading the tape
[11:15] <+Andy> 0,4 Shorts ES @ 1433.75 4,0 «« paper »»
[11:16] <+tzar> it is still a big learning curve
[11:16] <+szubaark> lots of the SHOEBandits made a killing with LevelII,DOM on stocks, but they changed that quickly
[11:16] <+peterpanboy> but not downtick rule and big leverage
[11:16] <+peterpanboy> big liquidity too
[11:17] <+tzar> downtick rule has not been in effect for a while now
[11:17] <+peterpanboy> oh really?
[11:17] <+tzar> yep
[11:18] <+Andy> 0,2 Covered all ES Short @ 1434.75 --> - 1 4,0 «« paper »»
[11:19] <+tzar> at the firm where i worked, capital was not an issue
[11:19] <+tzar> they give up to 5 million per trader
[11:20] <+szubaark> 0,2 Exited all Long ES at 1435.25 --> + 1.75 4,0 «« paper »»
[11:21] <+tzar> looks like a LONG day today
[11:21] <+szubaark> taking a break, this is another Creeper trend
[11:21] * szubaark is now known as szubbark_away
[11:22] <+peterpanboy> for me try to break high of day
[11:22] <+peterpanboy> if not retrace down
[11:23] <+tzar> NihabaAshi, your track record, is it based on 1 contracts, or all of them for the month?
[11:33] <+Flex> Tzar I think track record is based on actual number of contracts traded by NihabaAshi, you can see that by picking one day and checking the trades as shown in chat log vs. the track record for that day. Just my guess btw
[11:35] <+tzar> im thinking the same thing Flex
[11:37] <+Flex> Tzar are you using TSL trading method and/or did you study their book ?
[11:38] <+tzar> no and no Flex
[11:38] <@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
[11:39] <+Andy> 0,4 Shorts ES @ 1437.5 4,0 «« paper »»
[11:41] <+Andy> 0,4 Shorts ES @ 1437.75 -> Add 4,0 «« paper »»
[11:42] <Bambam-77> 40.5 area pos next
[11:43] <+Bambam-77> 749 pos er trgt
[11:44] <dragon310> Short er2 746.9
[11:50] <+Bambam-77> ss scalps for now protect longs
[11:55] <@NihabaAshi> Take care all...spouse want's me back on vacation to finish the 3 day weekend (Sat, Sun and Mon)
[11:55] <@NihabaAshi> See all tomorrow
[11:55] * NihabaAshi is now known as NihabaAshi_away
[11:55] <+tzar> have fun NihabaAshi_away
[11:55] <+Andy> 0,2 Covered 1/3 ES Short @ 1437.25 --> + 0.5 4,0 «« paper »»
[11:56] <+Andy> 0,2 Covered 1/3 ES Short @ 1437 --> + 0.5 4,0 «« paper »»
[12:02] <+rickf> back
[12:04] * Flex is now known as Flex_away
[12:06] <+Andy> wb rickf
[12:06] <+Bambam-77> 1.5 range chop here
[12:06] <+Bambam-77> er
[12:10] <+Bambam-77> 749 next
[12:10] <+Bambam-77> 1440.5
[12:11] <+Bambam-77> trend is up still
[12:11] <+Andy> 0,2 Covered Remainder ES Short @ 1438.5 --> - 1 4,0 «« paper »»
[12:11] <+Andy> stellar trade :)
[12:12] <+Andy> a few more of those and I can start my floor sanding business
[12:12] <+Bambam-77> this is all bs should be down in next day or so
[12:12] <BigDawg291> alot of call buying in everything today
[12:12] <+Bambam-77> if it says up we trade up not arguing
[12:13] <+Bambam-77> now i wonder who is selling them hmmm
[12:13] <+BigDawg291> lol
[12:14] <+Bambam-77> they will be worthless next month
[12:15] <+BigDawg291> yep
[12:16] <+BigDawg291> could be
[12:16] <+Bambam-77> 752.30 is what i have and 1444.75 if we continue hier
[12:17] <+Bambam-77> 1440.50 should give us some scalp ss for aggresive players
[12:20] <Widget69> I see 2T ES at 1439.5 area
[12:21] <+rickf> exit EUR/USD short morning swing trade 1.55094 + 737 pips
[12:22] <+szubbark_away> 0,4 Shorts ES @ 1438.50 4,0 «« paper »»
[12:23] <+BigDawg291> say what rick, that make sno sense?
[12:24] <+tzar> 737 pips, how much money is that??
[12:24] <+Flex_away> Rickf are you planning to go long ? I am trying to but got stopped earlier
[12:24] <+rickf> BD - shorted the Euro this morning
[12:24] <+Flex_away> Tzar it depends how many lots/minilots you entered
[12:24] <+rickf> tzar - depends on how much you're trading
[12:24] <+tzar> how many lots rickf, if you dont mind
[12:25] <+tzar> i never done forex..
[12:25] <+rickf> flex - not anytime soon, it was just a pure speculation
[12:25] <+BigDawg291> so you must have had many lost and tadded the pips up, b/c it hasnt moved 737 pips this morning (that is what made no sense)
[12:25] <+BigDawg291> lots not lost
[12:25] <+rickf> one sec
[12:26] <+rickf> entered @ 1.55831 exited @ 155094 difference of 737 ticks
[12:27] <+rickf> am relatively new to fx myself
[12:27] * Flex_away is now known as Flex
[12:27] <+tzar> whats a normal number of lots, 1 ? 10? 100?
[12:27] <+BigDawg291> that wuld be like 72 or 73 pips I hink
[12:27] <+BigDawg291> you dont count that last number
[12:27] <+rickf> yep - forgot to divide :(
[12:28] <+Flex> 1 minilot is 10K Euro, lot is more not sure btw
[12:28] <+rickf> sorry - + 72 pips
[12:28] <+BigDawg291> still great trade
[12:28] <+rickf> thx
[12:28] <+BigDawg291> but i was like dang
[12:28] <+rickf> sorry for the confusion!
[12:28] <+BigDawg291> the dollar must have had the biggest rally ever in day lol
[12:28] <+rickf> lol
[12:28] <+rickf> night as fun as the yen carry trade last summer
[12:29] <+rickf> er not as fun
[12:29] <+BigDawg291> i trade soem forex but didnt get on board on this move, but am actually looking long thw EUR/USD if 1.55 holds
[12:29] <+rickf> *nods*
[12:30] <+rickf> you do fx or fx-futures?
[12:31] <+tzar> so is 73 pips a lot?
[12:31] <+tzar> is that like 5$ per pip or soemthing like that?
[12:31] <+BigDawg291> i just do fx
[12:31] <+rickf> tzar - it's based on leverage
[12:31] <+Flex> lot = how much cash you use for trade, pip is like "a tick" in stock market instruments
[12:31] <Guest> 0,3 Long ER2 @ 747.1 4,0 «« paper »»
[12:31] <+BigDawg291> no a lot would be like buying or shorting 20,000 EUR./USD
[12:32] <+BigDawg291> so every pip on that would be 2 bucks
[12:32] <+Flex> Tzar you use "lots" because you can't enter as much $ as you want but you have to go in 10K steps
[12:32] <+tzar> so thats 140$
[12:32] <+BigDawg291> right tzar
[12:32] <+rickf> yep
[12:33] <+Guest> 0,3 Long ER2 @ 746.8 -> Add 4,0 «« paper »»
[12:40] <+rickf> that morning data loss here made for a funny es chart -- makes an overnight gap look tame by comparison :)
[12:40] <+BigDawg291> lol
[12:44] <+KN-ES> 0,4 Shorts ES @ 1438.75
[12:44] <+KN-ES> s.l 42.75
[12:45] <+rickf> short es 1438.50 paper
[12:50] <+tzar> KN-ES , where do you take profits usualy?
[12:50] <+tzar> 2 points?
[12:50] <+rickf> i do @ 2
[12:50] <+rickf> either exit or reduce by 1/2
[12:51] <+rickf> unless it's a fed day or major runner -- then i let things ride for a bit and use discresion
[12:53] <+tzar> does a Canadian holiday count?
[12:53] <+rickf> every day's a holiday in canada
[12:53] <+rickf> *ducks*
[12:53] <+tzar> haha
[13:02] <+szubbark_away> 0,2 Covered all Short ES at 1438.50 --> 0 4,0 «« paper »»
[13:02] <+szubbark_away> still crap Price Action
[13:04] <+szubbark_away> wonder if on this recent pullback, folks sold bunch of Calls looking for more downside, now they whacking them
[13:05] <+Andy> 0,4 Shorts ES @ 1439 4,0 «« paper »»
[13:06] <+rickf> exit es 1438.50 +0 paper
[13:06] <+rickf> horriblle pa
[13:06] <+Andy> yah
[13:07] <+szubbark_away> looks like they set their computers to creep this tick by tick
[13:09] <+rickf> yep - i'll keep on the side until a trend develops
[13:17] <+tzar> is 2765 a big quantity of ES?
[13:17] <+Flex> 2765 contracts ?
[13:17] <+tzar> yea
[13:18] <+tzar> @ 1440
[13:18] <+tzar> big level
[13:18] <+Flex> how much is your account ?
[13:18] <+Flex> lol
[13:18] <+tzar> haha
[13:18] <+rickf> 1440 is the hod
[13:18] <+Flex> it depends, maybe for you they are not so much :)
[13:18] <+rickf> folks waiting to enter the market there either way
[13:18] <+tzar> yea i was thinking of taking 3000 contracts short
[13:19] <+Flex> I think 1440 is huge ES resist. but could overshoot a bit higher
[13:19] <+tzar> they not pulling the 3K
[13:19] <+tzar> maybe its real
[13:20] <codehead> YM got within 2 ticks of 4-month high (high was on May 2)
[13:20] <+Flex> Tzar of you can manage a 3000 cars trade without having a heart attack, I will pay you a lot to manage my own account
[13:20] <+tzar> i will not have a heart attack, ill just jump out the window
[13:20] <+Flex> :)
[13:20] <+szubbark_away> yeah me too, just show me 2 years of Proven Audited track record LOL
[13:21] <+tzar> what if i had 1 trade and it was really proffitable in that 2 year period?
[13:21] <+szubbark_away> by the way, if u want to get rid of any Vendor thats annoying you, just ask him that question, and he WONT call u again
[13:22] <+tzar> haha
[13:22] <+szubbark_away> tzar, One Hit Wonders dont count heheh
[13:22] <+tzar> would this be a good short with a stop 1440.50?
[13:23] <+rickf> if you think it'll bounce back down off that point
[13:23] <+Flex> I would say yes but don't listen to me, I suck
[13:23] <+szubbark_away> they could just chop here@1440 for HOURS
[13:23] <+Flex> exactly
[13:23] <+Flex> 40.50 is a bit too tight I guess
[13:23] <+rickf> yeah i still dont like this
[13:24] <+tzar> can scalp this for .25
[13:24] <+szubbark_away> LOL
[13:24] <+tzar> over and over and over
[13:24] <+rickf> hey one tick with 50 contracts.....lol
[13:25] <+tzar> there we go
[13:25] <+tzar> people are worrying
[13:25] <+tzar> they ognna eat him
[13:25] <+tzar> i can feel it
[13:25] <+tzar> no ne is selling
[13:27] <+tzar> there we go
[13:27] <+tzar> 200 left
[13:27] <+tzar> then comes big bubba
[13:27] <+tzar> yum yum yum
[13:28] <+tzar> he pulled
[13:28] <+Andy> 0,2 Covered all ES Short @ 1440 --> - 1 4,0 «« paper »»
[13:30] <+rickf> 1438 was R2 ... wonder if we'll stay above it
[13:37] <+rickf> short es 1439 paper small sz
[13:44] <ItalianSharp> anyone using tradestation here having problems with times on bar-candlestick intervals?
[13:44] <+ItalianSharp> mine seem to be running faster than actual time
[13:44] <+ItalianSharp> :(
[13:44] <@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
[13:49] <+Guest> 0,2 Exited all ER2 Long @ 747.6 --> + 1.3 4,0 «« paper »»
[13:49] <+Guest> 0,2 Exited all ER2 Long @ 747.6 --> + 0.5 4,0 «« paper »»
[13:55] <+KN-ES> 0,4 Shorts ES @ 1438
[13:55] <+KN-ES> add
[13:56] <+rickf> exit 1/2 es 1437 +2 paper
[13:57] <+KN-ES> 0,2 Covered 3/4 ES Short @ 1436.25 --> + 1.75
[13:57] <+BigDawg291> whats your stop now KN-ES?
[13:57] <+KN-ES> 1/2
[13:57] <+KN-ES> out
[13:57] <+BigDawg291> nice KN-ES
[13:57] <+Widget69> nice
[13:58] <+KN-ES> nop
[13:59] <+peterpanboy> great falling last 10 minutes any news?
[13:59] <+peterpanboy> maybe big boys back from lunch
[13:59] <+KN-ES> 0,4 Shorts ES @ 1438.75
[13:59] <+KN-ES> 0,2 Covered 1/2 ES Short @ 1436.25 --> + 2.5
[13:59] <+KN-ES> now it looks ok
[13:59] <+KN-ES> thanks BigDawg291 and Widget69
[14:00] <+rickf> exit remainder es 1435.50 +3.50 paper
[14:02] <+tzar> KN-ES, you trade ES mainly, right?
[14:02] <+ItalianSharp> nice selling right now
[14:03] <+rickf> yep
[14:03] <Guest> any news assocd w it?
[14:05] <+KN-ES> 0,2 Covered 1/4 ES Short @ 1433.75 --> + 5
[14:06] <+KN-ES> h7
[14:06] <+rickf> wtg
[14:06] <+KN-ES> 0,2 Covered 1/4 ES Short @ 1334.25 --> + 104.5
[14:06] <+KN-ES> !
[14:06] <+KN-ES> 0,2 Covered 1/4 ES Short @ 1434.25 --> + 4.5
[14:06] <+KN-ES> h5
[14:07] <+lumenPharmer> wtg kn
[14:07] <+KN-ES> thanks
[14:10] <+BigDawg291> your initial stop was 1442 correct KN-ES?
[14:10] <+BigDawg291> 1442.75
[14:10] <+KN-ES> <+BigDawg291> whats your stop now KN-ES? ...............
[14:10] <+KN-ES> <+KN-ES> Shorts ES @ 1438.75
[14:10] <+KN-ES> <+KN-ES> s.l 42.75
[14:11] <+BigDawg291> ok i thought that is what that meant, but just wanted to make sure
[14:11] <+KN-ES> 0,2 Covered 1/4 ES Short @ 1432.75 --> + 6
[14:11] <+KN-ES> h4
[14:12] <+BigDawg291> thanks
[14:12] <+Guest> 0,3 Long ER2 @ 740.5 4,0 «« paper »»
[14:14] <+codehead> YM tagged .382 retracement of today's range
[14:15] <+KN-ES> <+tzar> KN-ES, you trade ES mainly, right? ........... tzar, DAX mainly, but ...... ES in US session
[14:15] <+ItalianSharp> what happened to NQ???
[14:16] <+peterpanboy> what do yo mean
[14:16] <+ItalianSharp> any news hit the markets?
[14:16] <+ItalianSharp> i have nothing on my agenda
[14:16] <+KN-ES> 0,2 Covered 1/4 ES Short @ 1428.75 --> + 10
[14:16] <+KN-ES> h3
[14:17] <+peterpanboy> I do not know anything
[14:17] <+ItalianSharp> YM just dropped 100 pts in less than 1hr
[14:17] <+peterpanboy> but a very nice free falling
[14:17] <+KN-ES> 0,2 Covered 1/4 ES Short @ 1427.75 --> + 11
[14:17] <+KN-ES> h2
[14:17] <+peterpanboy> pain in ass for who bought ay high of the day
[14:17] <+KN-ES> 22.50 , we are are looking for
[14:18] <+ItalianSharp> pain in the ass for those who add to losers :)
[14:18] <+Guest> 0,2 Exited all ER2 Long @ 739.8 --> - 0.7 4,0 «« paper »»
[14:18] <+peterpanboy> o yeah aka average dawn
[14:18] <+peterpanboy> no NEVER
[14:20] <+KN-ES> 0,2 Covered 1/4 ES Short @ 1429.75 --> + 9
[14:20] <+KN-ES> h1
[14:20] <+KN-ES> s.l 1433.75 ( +5.00 )
[14:20] <+KN-ES> tp 22.50 +-
[14:20] <+Widget69> VN KN
[14:20] <+peterpanboy> good KN-ES lets short again
[14:20] <+peterpanboy> nice job
[14:21] <+ItalianSharp> this is a crucial area for YM
[14:21] <+BigDawg291> very nice KN
[14:21] <+KN-ES> thanks :)
[14:22] <+tzar> very nice KN-ES
[14:22] <+tzar> superb
[14:23] <+KN-ES> there was absolutely no way ES could break that 42.50 res with that much volume when ratio was less than 1 for bid and ask
[14:24] <+KN-ES> and again...... a considerable longs suppose to secure their profits or part of the profits........... and that what cause the free fall
[14:26] <+KN-ES> thanks tzar
[14:26] <+KN-ES> peterpanboy, BigDawg291
[14:26] <+KN-ES> , Widget69
[14:28] <+tzar> KN-ES, just say thanks everyone hehe
[14:28] <+KN-ES> :)
[14:28] <+KN-ES> well, kind of lost between trade and chatt
[14:30] <+Widget69> man what a rug pull
[14:31] <+Widget69> wish I could see those comin
[14:31] <+rickf> didnt see the scope of the drop, but i was waiting for it. shoulda stayed in. :|
[14:31] <+rickf> ah well there's always another trade
[14:31] <+Guest> 0,3 Long ER2 @ 738 4,0 «« paper »»
[14:32] <+KN-ES> let me give you s/r ........ i have here
[14:33] <+KN-ES> r........27.50 25.25 22.50 17.75
[14:33] <+KN-ES> not r.s
[14:33] <+KN-ES> r...... 31.75 33.50 36.50 39.25 42.50 47.25
[14:33] <+KN-ES> the next one is 53.75
[14:33] <+KN-ES> for s... the next one is 12.50
[14:34] <+BigDawg291> where do you get those KN-ES? or how do you derive them?
[14:35] <+KN-ES> thats were volume were high in last 60 days
[14:35] <+BigDawg291> oh ok cool
[14:35] <+KN-ES> kind of battle ground
[14:35] <+BigDawg291> ok
[14:36] <+rickf> also look where price consolodates -- zoom out and look at the chart for the whole day
[14:36] <+BigDawg291> ok thanks guys
[14:36] <+rickf> and you see areas/price levels that might be useful
[14:36] <+BigDawg291> i put battle ground lines on charts on Ninja, but they arent exactly the same as yours
[14:37] <+anglo> mkt was below 28 the last 60 days?. cornfused.
[14:37] <+KN-ES> if its a virgin area........ you will have to go back as far as needed
[14:37] <+anglo> ok ty
[14:37] <+BigDawg291> ok
[14:38] <+KN-ES> but 12.50 is a huge support, for some reason
[14:45] <+rickf> short es 1429 paper sm sz
[14:53] <+rickf> exit es 1430 -1 paper
[14:59] <+szubbark_away> tough Price Action to trade
[15:06] <+codehead> interesting level for YM: 13016: a previous peak that broke out today (hod was *exactly* 2.000 extension!!!), plus it's a wave target and a .500 retracement
[15:06] <+codehead> http://www.earlevel.com/charts/YM-15min.png
[15:13] <+Guest> 0,2 Exited 1/3 ER2 Long @ 740.7 --> + 2.7 4,0 «« paper »»
[15:15] <+Widget69> dang Guest
[15:15] <+Widget69> turn those into real $
[15:15] <+Widget69> hehe
[15:15] <+Guest> 0,2 Exited 1/3 ER2 Long @ 739.8 --> + 1.8 4,0 «« paper »»
[15:16] <+Guest> yes widget, that's what i'm hoping when i go back to real trading
[15:16] <+Widget69> GOOD
[15:16] <+Widget69> I know the struggle
[15:16] <+Widget69> been tryin to learn this 4+ years
[15:16] <+Bambam-77> like i said in earlier post bunch of bs the fall was 2x faster than the climb
[15:16] <+Widget69> volume did not support it
[15:17] <+Guest> yes, i prefer shorts also
[15:17] <+rickf> been better shorting this market in recent months myself
[15:18] <+Guest> 0,2 Exited Remainder ER2 Long @ 739 --> + 1 4,0 «« paper »»
[15:18] <+Widget69> 38.3 my buy line
[15:18] <+Widget69> if holds
[15:18] <+Widget69> ER
[15:32] <+Guest> 0,4 Shorts ER2 @ 738.6 4,0 «« paper »»
[15:32] <+rickf> short es 1428 paper
[15:33] <+KN-ES> finally..........
[15:33] <+rickf> exit 1/2 es 1426 +2 paper
[15:33] <+rickf> hld 4
[15:36] <+rickf> exit 1/2 es 1425 +3 paper
[15:36] <+rickf> hld 2
[15:36] <+Guest> 0,2 Covered all ER2 Short @ 737.3 --> + 1.3 4,0 «« paper »»
[15:37] <+Widget69> dang guest
[15:37] <+Widget69> hehe
[15:38] <+dragon310> wow what spooked the market?
[15:38] <+KN-ES> :)
[15:38] <+dragon310> I'm still hold my 1 contract from 746 :)
[15:38] <+rickf> they're giving us a second chance to win on our shorts -- kn can't have all the fun :)
[15:39] <+Guest> prob make new lows
[15:40] <+dragon310> short term top i guess
[15:40] <+KN-ES> 0,2 Covered Remainder ES Short @ 1422.75 --> + 16
[15:40] <+BigDawg291> sweet man
[15:40] <+BigDawg291> just sweet
[15:40] <+Flex> astonishing :)
[15:41] <+Andy> vvn KN
[15:41] <+rickf> take the rest of the week off
[15:41] <+KN-ES> now we most likely go back to 33.50
[15:41] <+KN-ES> thanks
[15:41] <+rickf> or month -- given the #s you are running! :)
[15:41] <+KN-ES> :)
[15:42] <+Guest> 0,3 Long ER2 @ 736.1 4,0 «« paper »»
[15:42] <+rickf> exit remainder es 1423 +5 paper
[15:42] <rotor> KN, what trading platform do u use?
[15:44] <+rotor> personally, i'm on IB, but testing Quote tracker and NinjaTr
[15:44] <+Widget69> what signals you usin Guest if ya don't mind me asking ?
[15:45] <+Guest> rotor, who's the ninja datafeed?
[15:45] <+rotor> IB
[15:46] <+rotor> +Bracket Trader - is ok, and is free
[15:46] <+Guest> i have ib too and notice it's bit slower than others such as openecry
[15:46] <+Widget69> IB builds candles off secs instead of ticks so charts will vary on a tick chart
[15:46] <+Widget69> fwiw
[15:46] <+KN-ES> rotor............ i use IB, TS, MB, Transact, RJ
[15:46] <+KN-ES> datafeed......... esignal, ib, ts, transact and rj
[15:47] <+KN-ES> and i use my own api to place orders with multiple brokers at the same time with a single click
[15:47] <@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
[15:47] <+KN-ES> so, dont use any particular platform to place orders
[15:48] <+Widget69> I use TWSLINK DLL to send orders to IB from my easy language scripts on Multicharts
[15:48] <+KN-ES> yes,
[15:48] <+Widget69> dang nice scalps Guest
[15:48] <+KN-ES> i use multicharts too, but dont use their api
[15:49] <+Widget69> their auto trader is a POS
[15:49] <+KN-ES> multicharts is slow, i think
[15:49] <+Widget69> hehe
[15:49] <+Widget69> run it on a quad
[15:49] <+Widget69> fast as crap
[15:49] <+KN-ES> :)
[15:49] <+KN-ES> i m using a quad
[15:49] <+Widget69> I run mine on server
[15:49] <+KN-ES> 1333 front data bus
[15:49] <+Widget69> dual CPU's
[15:49] <+Widget69> 4GB mem
[15:49] <+Guest> 0,2 Exited all ER2 Long @ 737.6 --> + 1.5 4,0 «« paper »»
[15:49] <+rickf> vn guest
[15:49] <+KN-ES> and 8 gb ram
[15:49] <+Widget69> dang Guest
[15:50] <+Guest> thx
[15:50] <+Widget69> you kickin Gorilla butt
[15:50] <+Widget69> hehe
[15:51] <+dragon310> covered er short 737 --> +9
[15:51] <+Widget69> wtg
[15:51] <+KN-ES> nice trade dragon310
[15:51] <+dragon310> thnk
[15:51] <+Widget69> man I wish I could see what Guest does :)
[15:52] <+Guest> nice dragon, now that's the real gorilla butt
[15:52] <+dragon310> eh.. it was only 1 contract that i held with a 4 points stop
[15:52] <+rickf> still nice run
[15:53] <+dragon310> ya
[15:53] <+Widget69> I like a blind squirrel tryin to find my nuts
[15:53] <+Widget69> hehe
[15:53] <+KN-ES> we are looking a close around 33.50 +- ......... take care all, see you all tomorrow
[15:53] <+KN-ES> good trading
[15:53] <+Flex> good evening
[15:53] <+BigDawg291> ok kn see you tomorrow
[15:54] <+rickf> cya
[15:54] <+rickf> good trading - glad to get in on that late run :)
[15:57] <+peterpanboy> see ya all tomorrow thanks for sharing
[16:00] <+Flex> goodnight all
[16:01] <+Flex> thanks for hosting me in chan see ya tomorrow
[16:01] <+rickf> cya
[16:01] * Flex is now known as Flex_away
[16:11] <+Brutus> http://custom.marketwatch.com/custom/tdameritrade-com/html-story.asp?guid={6632d321-58a2-4252-8ec9-8d9e8da37ab6}
[16:53] <+rickf> later all
[17:10] * Flex_away is now known as Flex
[17:13] * Flex is now known as Flex_away
[17:53] <@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
[19:56] <@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
[20:48] <+tzar> anyone still here
Session Close: Mon May 19 21:10:36 2008Trading 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:
Google:
#FuturesTrades past logs can be searched via using Google. For example, pretend you want to research what has been said about volatility analysis. Go to the Google search window below and type in "volatility analysis" site:thestrategylab.com (exactly as I typed it including the quotation marks) and you will find everything associated with those key words that were used by any member of #FuturesTrades.
We are proud to say that our chat room members are from the following geographical areas in the world:
Argentina, Australia, Belgium, Brazil, Canada, Denmark, France, Germany, Greece, Hong Kong (China), Israel, Italy, Japan, Mexico, Portugal, Puerto Rico (U.S.), Saudi Arabia, Singapore, Spain, United States and Venezuela.
In addition, below are the trading instruments our chat room members monitor closely to make trade decisions:
CME Emini Futures EMD, ER2, ES and NQ
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
"The point of this whole exercise is to make money. Everything else is just conversation." --Jonathan Hoenig
DAX FTSE-100 CAC-40 EC ER2 ES NQ YM QQQQ SPY IWM DIA CL QM NG OIH XLE GC GLD ZN ZB ZF BUND EurUsd UsdCdn
| Home | Trade Strategies | Trading Manual | Testimonials | Traders Library | Refund Policy |
| Performance Record | Trade History | Japanese Candlesticks | Discussion Forum | #FuturesTrades Chat Room |
| About Us | Referral Program | Feedback | Privacy | Disclaimer | Contact |
Copyright © 2002 - 2008. The Strategy Lab. All rights reserved.