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#FuturesTrades May 23rd Friday 2008 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+17.90	+211.90	+1653.60
$1,790	$21,190	$165,360

Hang Seng HSI

0259am - 0300am 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.

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#FuturesTrades purpose, benefits and access info for day traders, swing traders and position traders...click here.

Time Zone Info Chat Log below is eastern standard time (est) - New York City, U.S.A and/or Montréal, Canada time zone.

Session Start: Fri May 23 09:26:59 2008Session Ident: #futurestrades

* Now talking in #futurestrades 09:26

<@X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm

<tzar> morning NihabaAshi 09:27

<@NihabaAshi> Good morning all

<rickf> gm

<Flex> gm

<PapaJon> gm all 09:29

<T-stop> gm Nihaba, KN, room 09:30

<Splurge> gm campers

<stick2it> gm room

<gary> gm 09:31

<drt> gm all 09:32

<jsbach> gm 09:33

<anglo> gm

<@NihabaAshi> Long ER2 @ 730.10 -> medium size 09:34

<+rickf> short es 1389.50 sm sz paper

<szubaark> Shorts ES @ 1388.25 «« paper »» 09:35

<+rickf> exit es 1388.25 paper +1.25 paper 09:36

<@NihabaAshi> Exited ER2 Long @ 729.20 --> - 0.9

<Andy> vvn rickf! 09:37

<+rickf> ty

that was me thinking a retest of 1389.50 wouldn't hold from premarket

<@NihabaAshi> Long ER2 @ 730.40 -> medium size 09:38

<+rickf> kn was talking about this technique last night, actually 09:39

<+PapaJon> wild moves by er2 today..

<@NihabaAshi> Got shook out too easy on that earlier trade...reducing my profit potential on the follow-up same direction trade

<werner> gm all

<+rickf> tagen werner

<+werner> :)

<startrader> Shorts NQ @ 1964.25

<@NihabaAshi> Exited ER2 Long @ 728.80 --> - 1.6 09:40

<+startrader> Covered all NQ Short @ 1961 --> + 3.25

<silo> rough open 09:41

<@NihabaAshi> Early rush out the door before the 10am est numbers :(

<+Splurge> when did you enter that trade Niha?

<+rickf> short es 1387 sm sz paper 09:42

<+Andy> that was a great short, st...vn

<+startrader> ty

<+silo> hey sep 09:43

<+tzar> morning startrader

<+startrader> gm 09:44

<@NihabaAshi> Shorts ER2 @ 728.10 -> medium size 09:45

<+werner> market is nervous....home sales 09:46

<@NihabaAshi> Yeah...volatility is going to show up here in a few minutes for that 10am est Home Sales report 09:47

<ItalianSharp> i think we going to get an upspike soon

<+ItalianSharp> it looks to obvious that we go down...just a gut feeling 09:48

<A22> last time the big boys used the home sales number to drive the market down, creating a buying opportunity, only to let it reach new highs in the afternoon

<@NihabaAshi> volatility dropping fast...

It's setting up for a SPIKE.

There she goes

<+ItalianSharp> well...guy feeling was wrong...thank god i dont trade followin it

:)

<+szubaark> Covered all Short ES at 1385.50 --> + 2.75 «« paper »»

<+ItalianSharp> glad for you niha

<+rickf> exit 1/2 es 1385 +2 paper 09:49

<+szubaark> Buys ES @ 1385.25 «« paper »»

<+werner> nice rickf

<+startrader> Shorts NQ @ 1961.25

<+ItalianSharp> if NQ and ER2 can drop a little further, we may be set for a nice down day 09:50

<+startrader> Shorts NQ @ 1962.25 -> Add

<+rickf> exit remainder es 1384 +3 paper

<KN-ES> :)

<+szubaark> nice rick 09:51

<+rickf> ty

<+silo> oooh niha caught a nice one

<+ItalianSharp> YM just entered a small support area...we may rebound bettern 40 and 30

* subq_ -=market profile charts, updated daily=- http://www.charthub.com/chart/search/mpc hart

<+rickf> both times i used small sizes and got nice runs -- when i use big lots i get killed. murphy's alw of markets

<+startrader> Covered all NQ Short @ 1959 --> + 5.5 09:52

<+ItalianSharp> YM could free-fall all the way to 12380 easily if NQ makes new lows 09:53

<@NihabaAshi> Covered all ER2 Short @ 723.90 --> + 4.2

<+ItalianSharp> well done niha

<+PapaJon> er2 may try to fill it's hidden gap from 5/12

<+ItalianSharp> enjoy the long weekend :)

<+T-stop> vn trade

<+KN-ES> Covered 1/3 DAX Short @ 1383 --> + 5683.5

nop 09:54

<+tzar> you made 5683 points? how much does each point pay KN-ES?

<+KN-ES> Shorts ES @ 1399 09:55

Covered 1/3 ES Short @ 1383 --> + 16

h2

<+tzar> nice

<+startrader> Long NQ @ 1961

Exited all NQ Long @ 1960 --> - 1 09:56

<BigDawg291> existing home sales in 3 minutes 09:57

<+rickf> doubt it will be good numbers

<@NihabaAshi> There's weak support here

<+startrader> Shorts NQ @ 1961

<@NihabaAshi> Gentleman...place your BETS!!! 09:58

:)

<+KN-ES> <tzar> you made 5683 points? how much does each point pay KN-ES? ......... >> that was a mistake.. the trade is from yesterday....i m in my laptop now...

<+tzar> ah isee

almost thought you were the new warren buffet

<+rickf> 1 contract short es 1383.25 paper 09:59

<+startrader> Covered all NQ Short @ 1961 --> 0 10:00

Shorts NQ @ 1960.75

<@NihabaAshi> Long ER2 @ 724.60 -> small size 10:01

<+jsbach> bad data on home sales

<@NihabaAshi> 2 only

<+PapaJon> actually better than expected jsbach

<+startrader> Covered all NQ Short @ 1960 --> + 0.75 10:02

<+rickf> exit es short 1383 +.25 paper

<+PapaJon> ihave noticed that in our area... repo sales have increased buyers starting to out bid each other on them

<+startrader> Shorts NQ @ 1961

Covered all NQ Short @ 1962 --> - 1 10:04

<@NihabaAshi> Exited ER2 Long @ 725.70 --> + 1.1 10:05

<+szubaark> nice Niha.

<+startrader> Shorts NQ @ 1964.50 10:06

Covered all NQ Short @ 1964 --> + 0.5 10:09

Shorts NQ @ 1964.50 10:12

Covered all NQ Short @ 1963.80 --> + 0.7 10:15

Shorts NQ @ 1965 10:19

<@NihabaAshi> volatility contracting fast 10:20

Expecting a volatility spike here soon

<dragon310> short 726.4 10:21

<+Andy> Shorts NQ @ 1967.25 «« paper »»

<+rickf> short es 1384.5o sm sz paper 10:22

<+Andy> Covered 2/3 NQ Short @ 1965 --> + 2.25 «« paper »»

<+rickf> vn andy

<+KN-ES> nice trade Andy

<+Andy> :) ty 10:23

<+startrader> Shorts NQ @ 1966.50 -> Add

<+rickf> es is just chopping around at s2 :(

<+Andy> Covered Remainder NQ Short @ 1967.25 --> 0 «« paper »» 10:24

<+silo> Long ER2 @ 725.90 «« paper »»

<+KN-ES> finally 10:26

<+startrader> Covered all NQ Short @ 1964 --> + 3.5 10:27

Long NQ @ 1962 10:29

<+dragon310> half off er 722.4 --> +4 10:30

<+rickf> short es 1384 paper

(late)

exit 1/2 1381 +3 paper 10:31

(late)

h5

<+startrader> Exited all NQ Long @ 1962.50 --> + 0.5

<+rickf> exit es remainder 1380 +4 paper 10:32

whew

hard to manage trades and type

<+Andy> you need to attend the "KN School for Trade Typing" :) 10:33

<+rickf> nah i can't use any scripts form my platform --> here 10:34

<+dragon310> nq have some nice support there at those lows

i see er going to 718-716 level

<+startrader> Long NQ @ 1956.50 10:37

<@NihabaAshi> That's a lot of downside pressur

Shorts ER2 @ 719.00 -> small size

intuition only

<+startrader> Exited all NQ Long @ 1954 --> - 2.5 10:38

<@NihabaAshi> 2 only

<+rickf> so much for a boring day

<+dragon310> covered rest of er at 718.40 --> +8

that's it for me today guys

<+Andy> vn dragon

<lumenPharmer> wtg 310 10:39

<+dragon310> tks

<+rickf> vn

<+KN-ES> nice

trade

<+dragon310> just be careful -- holiday weekend coming up

<+tzar> Shorts ES @ 1380

Covered all ES Short @ 1379.25 --> + 0.75

<+rickf> long es 1378.50 sm sz paper 10:40

<+dragon310> omg almost forgot i had a zn position long ... LOL 10:41

<+tzar> lol

<+rickf> doh 10:42

<+tzar> is it a green position dragon310?

<@NihabaAshi> Covered ER2 Short @ 719.80 --> - 0.8

<+dragon310> yea just had one contract 10:43

<+KN-ES> Covered 1/3 ES Short @ 1379 --> + 20

<+dragon310> nice

<@NihabaAshi> Long ER2 @ 720.30 -> medium size

<+Andy> vn KN 10:44

<+rickf> exit es 1359 +1 paper

<Brutus> wd KN

<+KN-ES> h1 10:45

tp 73.75 .... sl 94 ( + 5.00)

thanks

<+startrader> Long NQ @ 1956

<+KN-ES> 73.75+-

<+tzar> very nice KN-ES

<+KN-ES> thanks 10:46

<Widgetman> ya shorted yesterday KN ?

<+startrader> Long NQ @ 1955

<pdays> Long ER2 @ 719.9

<@NihabaAshi> Exited ER2 Long @ 720.00 --> - 0.3

<+KN-ES> yes widgetman 10:47

<+Widgetman> k

<+Splurge> getting the usual repeated long reversal signals here always very dangerous so I end up just watching. No trades as yet

<@NihabaAshi> Long ER2 @ 720.70 -> large size 10:48

<+startrader> Exited all NQ Long @ 1957.50 --> + 2.5

<@NihabaAshi> They're expecting GAS prices to jump soon after this weekend... 10:49

Better fill the tank up soon :) 10:50

<+ItalianSharp> tradestation just went off line

damn

<+KN-ES> yes

same here

<+startrader> Shorts NQ @ 1957.25

<@NihabaAshi> volatility dropping and almost going into flatline :( 10:51

<+KN-ES> i m up again

<+ItalianSharp> back on

<+startrader> Shorts NQ @ 1958 10:54

<@NihabaAshi> Exited all ER2 Long @ 720.90 --> + 0.2 10:55

:(

geeesh

<+rickf> heading to gym - back later

<+startrader> Covered all NQ Short @ 1955.75 --> + 2.25 10:56

<@NihabaAshi> Yeah...I'm going to be heading out here soon to a Parent/Teacher meeting at one of my kids new school.

<+KN-ES> long Dax 6982 10:57

out 1/2 6989 ...... + 7.00 10:58

<@NihabaAshi> Long ER2 @ 721.00 -> small size

<+KN-ES> h2

<@NihabaAshi> Pin Ball Machine price action... 10:59

Be careful

<+KN-ES> out 1/2 6996 ...... + 15.00 11:00

14

h1

<@NihabaAshi> tighnting up my trailing stop...

Pin Ball is moving all over the place 11:01

<+KN-ES> s.l 84 9+1.00)

s.l 84 (+1.00)

<+startrader> Shorts NQ @ 1959.50 11:03

Shorts NQ @ 1960.25 -> Add

<+KN-ES> took 2 days to get 20 in ES and 11:04

took 2 min to get 15 in DAX

dax is much faster.......

<+Flex> but 1pt DAX is much less %

<+KN-ES> how much less ? 11:05

<+jsbach> not tooooo much less

<+Flex> 1/4 than SPX

about

<+KN-ES> how about es?

<+Flex> 1/4 than ES

<+KN-ES> each tick is 12.50 euro

<+Flex> sure but let alone the future, DAX index moves more pts with the same % 11:06

right ?

<+KN-ES> nop

<+Flex> err...

<@NihabaAshi> Exited ER2 Long @ 722.20 --> + 1.2

Lost my patience 11:07

<+KN-ES> dax is faster.... and has more tick value

<+Flex> if DAX moves 1% = 68 pts

<+startrader> Shorts NQ @ 1960.50 -> Add

<@NihabaAshi> I had 723.00 in my sights :(

<+Flex> ES 1% = 14pts

<+KN-ES> well in that sense........

<+Flex> sure the tick value is higher, different future leverage 11:08

<+KN-ES> i calculate.....if i gain a tick how much is the gain in $

<+startrader> Covered 1/2 NQ Short @ 1958.75 --> + 1.75

<+Flex> ok

<+KN-ES> and ofcouse how easy.........its really easy :)

<@NihabaAshi> Shorts ER2 @ 720.70 -> small size 11:10

<+startrader> Covered Remainder NQ Short @ 1957.50 --> + 2

<@NihabaAshi> Covered ER2 Short @ 720..40 --> + 720.70 - 720..40 11:11

<+Andy> high performance, star

<@NihabaAshi> Covered ER2 Short @ 720.40 --> + 0.3

<@X> #FuturesTrades Info -> No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended without their permission. More info at www.thestrategylab.com/FuturesTradesChat Room.htm 11:12

<@NihabaAshi> Shorts ER2 @ 719.20 -> small size 11:13

Geeesh...I can barely keep up with this price action...

That's a sign to go to the sidelines and just watch

<+startrader> it's the nq, been playing a little too small today pt wise, don't trust the pre holiday participants. I agree n!

<@NihabaAshi> Covered ER2 Short @ 719.90 --> - 0.7 11:14

<+szubaark> slicing thru prior Support levels as if they didnt exist, typical Holiday Price Action LOL

<+KN-ES> .75 shy 11:16

<+startrader> nq has tested multiple bottoms here going back to 5/7 and 5/8, strong reversal.

<+tzar> test 11:18

<+jsbach> what is the volume typically like for DAX? 11:20

<@NihabaAshi> weak resistance area for ER2 11:22

Shorts ER2 @ 721.60 -> medium size 11:24

Geeesh...what's that ??? 11:27

Big Dark WRB was unexpected 11:28

<+T-stop> that er in a world of its own

<@NihabaAshi> Covered 3/4 ER2 Short @ 719.90 --> + 1.7 11:29

<+startrader> Long NQ @ 1951 11:31

<@NihabaAshi> weak support area ER2

<+startrader> Exited all NQ Long @ 1948 --> - 3 11:32

slippage big time

<@NihabaAshi> Covered Remainder ER2 Short @ 719.50 --> + 2.1 11:34

Yeah...I saw some levels skipped on that price drop...

Not sure if I was having some data problems during the drop.

Geeesh...White WRB back upwards... 11:39

<+startrader> Shorts NQ @ 1952.25

<@NihabaAshi> crazy price action

<+silo> ncie niha

how many poitns are you up by so far?

<@NihabaAshi> I'm over my target +15 points @ about +17 points.

I'll look at my actual broker statement later this evening

I don't look at it during the trading day and just keep track of my numbers in my head until the evening when I actual copy/download my statement 11:40

<+startrader> Shorts NQ @ 1955.75 -> Add

<+ItalianSharp> well, guess NQ reacted real well after breaking 1850 11:41

1950

<@NihabaAshi> With that crazy Pin Ball Machine price action...

<+ItalianSharp> we might have seen the lows for today

mkts been hammered well enough this week

time for some profit taking

<+Splurge> pin ball action is cool if you know where the pins are

<+ItalianSharp> i expect a strong rally into the close 11:42

<+szubaark> Italian, agree

<@NihabaAshi> I'm going to call it quits for the day and get ready for this Parent/Teacher meeting.

<+Splurge> lol good luck Niha...

<@NihabaAshi> Take care all and see all tomorrow

* NihabaAshi is now known as NihabaAshi_away

<+szubaark> Niha, what we gonna trade tomorrow? LOL

<@NihabaAshi_away> Oh yeah...its the holiday weekend 11:43

<+ItalianSharp> i was really impressed by how hard and fast NQ recovered from that 1950 breakout

<@NihabaAshi_away> It's a U.S. holiday right ???

If so, see you after the holiday

<+szubaark> yes, Memorial Day on Monday

<@NihabaAshi_away> Ok

:)

<+ItalianSharp> that tells me there are lots of buyers left in this market...and we should soon get ready for a big uptrend day

<@NihabaAshi_away> bye

<+szubaark> bye 11:44

<+KN-ES> so low was 74

1 tick shy

<robert> there you go star

<+startrader> Covered all NQ Short @ 1952.50 --> + 3 11:46

Shorts NQ @ 1955.25 11:50

Covered all NQ Short @ 1954 --> + 1.25 11:53

not maximizing a trade is just as frusturating as being dead wrong. 11:55

<+BigDawg291> i agree what that startrader

<+anglo> imho one must focus on making consistent money...not on what was left on table. 11:56

if you make 2 pts per car per day and get bigger slowly...it counts 11:57

<+Splurge> Im afraid I do not sit in the camp of worrying about maximising a trade. If I take a good trade and making it a loser thats when I worry. 12:01

Avoiding losing trades is a must but not practical...there will always be losers

The psychology of beating yourself up for not maximising will eat you alive slowly 12:02

Ive been there and

I still am writing the book lol

<+startrader> Shorts NQ @ 1958.50 12:03

<+rickf> back 12:05

<+szubaark> hi rick

<+rickf> sup

<+startrader> Covered all NQ Short @ 1956 --> + 2.5 12:06

i'm going to eat lunch before I eat myself for other reasons! 12:07

<+BigDawg291> lol

* szubaark is now known as szubaark_Away 12:12

<+dragon310> hello all back 12:26

short 723.10 12:28

<+startrader> Long NQ @ 1954.25 12:29

Exited all NQ Long @ 1952.25 --> - 2 12:33

Long NQ @ 1953 12:34

<+dragon310> good bye market... bear market is so unforgiven 12:36

unforgiving

* codehead_afk is now known as codehead

<+startrader> Long NQ @ 1950 12:37

Exited all NQ Long @ 1947 --> - 3 12:43

-9

Shorts NQ @ 1950 12:49

<MK> Shorts ER2 @ 721.1 «« paper »» 12:58

<+rickf> short es 1374 paper 12:59

<+KN-ES> :)

finally 1373.75

Covered Remainder ES Short @ 1374 --> + 25 13:00

<+rickf> wtg

<+KN-ES> it will drop, but i am done

<+Flex> great

<+rickf> hoping it will drop, for sure

lol

<+KN-ES> i m done . getting ready for a long weekend :) 13:01

<+dragon310> nq going to 1930 level

<+KN-ES> take care all, good trading, see u all on tuesday....

<+rickf> seeya

<+KN-ES> and any qs?

<+dragon310> cya kn-es

<+Flex> have a good we

<+Brutus> cya KN have a good WE

<+dragon310> es going to 1360 13:02

<+KN-ES> :)

you too

<+rickf> dragon - we can only hope, those of us short

<+dragon310> well it should have some strong support down at 1371-70 area

<+KN-ES> es will try 67.50 i think

<+MK> Covered ER2 Short @ 721 --> + 0.1 «« paper »»

Reverse and Enter Long ER2 @ 721 «« paper »»

<+KN-ES> we will have a run upward next week

bey for now 13:03

<+dragon310> er is the strongest of all these 13:05

<+startrader> Shorts NQ @ 1951.25 -> Add 13:09

<+anglo> question: KNES will you adopt me? 13:17

:) 13:18

<@X> #FuturesTrades Info -> No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended without their permission. More info at www.thestrategylab.com/FuturesTradesChat Room.htm

<+KN-ES> anglo . :) 13:20

i myself for adoption :) 13:21

<+MK> Exited all ER2 Long @ 722.5 --> + 1.5 «« paper »» 13:22

Long ER2 @ 723 «« paper »» 13:31

<+rickf> short es 1378 (add) 13:32

<+startrader> short now at 54 average, traded to 50% and s1.

<+MK> Exited all ER2 Long @ 724 --> + 1 «« paper »» 13:35

<+ItalianSharp> who pulled the rug off YM??? 13:55

<+tzar> my bad 13:56

looked like a good short to me

<+robert> 50% nq retrace 13:57

62+ es retrace 13:59

<+startrader> Shorts NQ @ 1954.25 -> Add 14:01

<+rickf> oil heading down 14:07

<szubaark> just long weekend profit taking could send this thing upside in no time, weve been selling off Hard all this week 14:08

<Spartan> Shorts ER2 @ 721.4 -> small size «« paper »» 14:18

<+Flex> have a nice holiday guys I go off earlier today. 14:26

<+rickf> cya

* Flex is now known as Flex_away

<+Spartan> Covered all ER2 Short @ 722.3 --> - 0.9 «« paper »» 14:27

<+tzar> startrader you around 14:29

<+Spartan> Long ER2 @ 723.5 -> small size «« paper »» 14:31

<+ItalianSharp> question is: will NQ close in the green??? 14:34

i say NQ because it's the only emini within striking distance from its daily open 14:35

<+startrader> yeah tzar, back.

<+tzar> im just following your trades 14:36

<+startrader> 62 is strong resistance.

<+tzar> hmm

ok lets try it

<+startrader> looking for new lows and es to test the low 70's. 14:40

<+tzar> you short NQ startrader? 14:44

<+MK> Long ER2 @ 722.8 «« paper »» 14:45

<+rickf> long es 1379.50 14:46

large sz paper 14:47

<+ItalianSharp> NQ can still close in the green...who would have thought it when it broke 950???

<+tzar> 950? 14:48

oh

i get it

sorry tired today

<+ItalianSharp> np

<+tzar> lotsa buying going on

waiting for NQ to drop so i can take a long 14:49

with a quadzilion contracts

<+Spartan> Exited all ER2 Long @ 724.9 --> + 1.4 «« paper »» 14:50

<+MK> Exited all ER2 Long @ 724.8 --> + 2 «« paper »»

<+szubaark> nice spartan

<+rickf> exit es 80.50 paper

+1 paper

<+Spartan> thanks

a little early on that one 14:51

mk gotta better entry

<+startrader> long es short nq, got too painfull, about to take es off and add to nq. 14:52

<+szubaark> 3pm approaching, should be intresting

<+ItalianSharp> at this pt, i would expect NQ to close in the green 14:55

its going to be really psychological at the close

<+MK> Long ER2 @ 724.8 «« paper »» 14:56

<+Spartan> Long ER2 @ 724.8 -> small size «« paper »»

<+startrader> wanted 81.50 on es and 66 on nq 14:57

<+tzar> startrader where do you short nq

66

beat me to it

<+MK> Exited ER2 Long @ 724.2 --> - 0.6 «« paper »» 14:58

Reverse and Enter Short ER2 @ 724.2 «« paper »»

<+Spartan> Exited all ER2 Long @ 723.8 --> - 1 «« paper »»

Long ER2 @ 723.9 -> small size «« paper »» 14:59

<+startrader> 15 min es is target low 70's, will we get it? 15:02

<+tzar> are you short es startrader? 15:03

<+startrader> 71.25

no, out of long, short nq. 15:09

<+tzar> where do you short nq 15:10

<+startrader> where did I not? 15:11

<+tzar> where would you short, or pending short

<+startrader> with my es long hedge I need 60 to be on the whole afternoon. 15:12

<+MK> Shorts ER2 @ 724.7 -> Add «« paper »»

Covered all ER2 Short @ 723 --> + 2.9 «« paper »» 15:13

<+Spartan> nice mk 15:14

<+MK> thx

<+rickf> short es 1377 paper 15:15

<+MK> Long ER2 @ 723.5 «« paper »» 15:18

<+rickf> exit es 77 breakeven +0 paper

<+startrader> looking for 55.50 on nq for 1st pt 15:20

<+MK> stop at 722.3 15:22

<+rickf> short es 1377 paper sm sz 15:23

sl 78.50

<@X> #FuturesTrades Info -> No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended without their permission. More info at www.thestrategylab.com/FuturesTradesChat Room.htm 15:24

<+rickf> sheesh - best of both worlds today....trending morning, ranging afternoon 15:26

<+szubaark> yersturdays range was tough

<+rickf> i miss the old days of february-march when pm was when you could set your shorts and go take a nap :)

yessir 15:27

<+szubaark> yeah back then u had more amateurs playing, now its Pro against Pro 15:28

<+tzar> pending short 64.75 nq

<+rickf> tzar - u playing off the top bb?

<+tzar> double top aprox 15:29

its hard resistance there

<+rickf> l

k

<+tzar> filled 15:31

<+Spartan> Exited all ER2 Long @ 725.7 --> + 1.8 «« paper »»

<+tzar> +1

<+rickf> wtg spartn

<+Spartan> thanks

<+tzar> anoter +1 15:33

2 scalps

this is good

nq at the top

and es going down

crap shoulda held

<+rickf> short es 79.50 paper sm sz 15:35

<+startrader> hopefully that cleared the way to profit 15:36

<+tzar> oh wow

what a sell off

<+rickf> exit es 78.25 +1.25 paper

that was violent

<+Spartan> Long ER2 @ 725 -> small size «« paper »» 15:37

<+tzar> 9 trades today

so far 15:38

<+MK> Exited all ER2 Long @ 725.9 --> + 2.4 «« paper »»

<+codehead> YM needs to try 12520 15:39

<+rickf> short es 78.50 paper 1 contrct 15:40

<+werner> gn rickf,all

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<+rickf> cya werner 15:41

<+tzar> have a good one werner

<+rickf> tshuss!

:)

<+werner> you too

tzar

<+tzar> plz go to 65.75

err

64.75 nq

i want to take 1 more

and be green for the day

<+rickf> es just wants to fall.....taking its sweet time tho 15:42

<+tzar> overtrading killing me today

<+szubaark> right now its just doing its shakes 15:43

<+tzar> fees that is

<+rickf> moved sl to breakeven+1tick 78.25

<+tzar> startrader push nq up plz

<+Spartan> er2 looking like it wants another bounce 15:44

<+rickf> out for +.25 paper 15:45

that's it

it can now go fall, i aint chasing it

<+codehead> might get a push...

<+tzar> not yet

need one more scalp

<+MK> Shorts ER2 @ 725 «« paper »» 15:46

<+Spartan> Exited all ER2 Long @ 724.4 --> - 0.6 «« paper »» 15:47

nope

<+rickf> murphy's law strikes again

<+tzar> come on 15:48

on emore push up

i short

it goes down

everyone happy 15:49

<+rickf> timber.....

<+codehead> low 80's / high 70's should get bought on YM...

<+szubaark> like its building a base for Tuesday

<+codehead> i was buying 86 for a while, decided too late in the day for me but it would have worked again that time 15:50

hit 85

<+tzar> cwap 15:51

<+Spartan> Long ER2 @ 724 -> small size «« paper »»

<+MK> Covered all ER2 Short @ 723.8 --> + 1.2 «« paper »»

<+rickf> nice mk 15:52

<+MK> thx rick

<+Spartan> your on fire mk 15:53

<+codehead> 12485 held again 15:56

<Bambam-77> Long ES @ 23.6 «« Scalp »»

<+tzar> that YM codehead?

<+MK> Shorts ER2 @ 724.2 «« paper »» 15:57

<+rickf> weird bid-ask spread on the es

like 2 or 3 to 1 bid-ask

<+codehead> 12483 YM is .618 retrce from lod to subsequent high

<+tzar> war on NQ

prints look like a battlefield 15:58

<+Bambam-77> exit stop set ES @ 23.5 «« Scalp »»

<+codehead> see if YM pops up a bit after cash close

<+Bambam-77> Exited 1/3 ES Long @ 724.6 --> + 701 «« Scalp »» 15:59

<+tzar> green won the war

stops were hit

oh my

<+Bambam-77> exit stop set ES @ 723.8 «« Scalp »»

<+Spartan> Exited all ER2 Long @ 724.9 --> + 0.9 «« paper »» 16:00

got out in time, geesh

<+codehead> YM retest of .618 16:01

<+Brutus> http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={7734c a41-ff1a-4676-9484-25c657a2023d}

<+Bambam-77> what was that

<+rickf> i'm out -- have a good weekend all..... 16:02

<+MK> Covered all ER2 Short @ 723.6 --> + 0.6 «« paper »» 16:04

<+codehead> nasty, YM retesting lod 16:10

have a nice long weekend everybody

<+startrader> out 57.50:) low 70's on es. 16:11

<+tzar> almost got into bad trade 16:15

big spread

orders disapeared

gn all 16:17

* sep34 is now known as sep34_away 16:26

<@X> #FuturesTrades Info -> No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended without their permission. More info at www.thestrategylab.com/FuturesTradesChat Room.htm 17:27

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