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#FuturesTrades May 29th Thursday 2008 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+12.80	+257.20	+1698.90
$1,280	$25,720	$169,890

mini-sized Dow YM

1425pm - 1426pm 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

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Session Start: Thu May 29 08:50:12 2008Session Ident: #futurestrades

* Now talking in #futurestrades 08:50

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

<@NihabaAshi> Good morning all...I'll only be trading the a.m. trading session due to a lot of personal stuff that needs to be done in the p.m. trading session. 08:51

<pat255> gm N ....

<+pat255> k...

<@NihabaAshi> Thus, I'll be cutting my profit goal for the day into 1/2 08:52

<werner> hi rickf 08:53

<tzar> gm everyone 08:58

<+werner> gm tzar 08:59

<+tzar> how you doing werner 09:00

<+werner> good thanks :) 09:02

<+tzar> yesterday i did my first ER2 trade

<+werner> a good one?

<+tzar> was the most intense expereince in my life... i forgot about the time, and the second i shorted, market closed 09:03

had to count 15 min sec by sec

i ended up b.e. but should have made 40$ 09:04

got a bad fill

i did a market order

<+werner> ok :) 09:05

<+tzar> do you trade ER?

<+werner> yes 09:06

only scalps

<+tzar> how many contracts do you use?

<+werner> 2

<+tzar> what do you use as a stop? 09:07

<+werner> 1 pont

point

<+tzar> 200$?

<+werner> yes

<+tzar> and what are your targets 09:08

<+werner> .3

<+tzar> hmm

<+werner> i now

<+tzar> how is it working out ?

<+werner> but it works here :)

<+tzar> do you post your trades here? 09:09

<+werner> now its too fast

<anglo> gm 09:10

<+tzar> i want to follow

gm anglo

<+anglo> gm zar

<+tzar> do we break 1400 today ? 09:12

<+anglo> ask KN!

<+tzar> haha

<+werner> duno here 09:13

<+tzar> all depends on KN's mood

<+werner> lol

<+tzar> bon gunrino Flex 09:15

<Flex> buongiorno Tzar

<+tzar> NQ dont want to fall below 2000

<rotor> gm all )

<+tzar> Flex, i was close! 09:16

<+Flex> lol yeah

<futurible> gm all 09:17

<+Flex> gm

<Andy> gm all 09:20

<+tzar> morning Andy

<+Flex> Hi

<+werner> hi andy 09:22

<+Andy> yo tzar, flex, werner, rickf, rotor, pat, niha :) 09:23

<+tzar> lol

<PapaJon> gm all 09:25

<lumenPharmer> gm 09:26

<+tzar> gm PapaJon lumenPharmer

<+lumenPharmer> gold and oil down

tzar :)

<+tzar> good, oil must go down 09:27

<+lumenPharmer> ther will be blood ;)

<+tzar> haha

<+lumenPharmer> heheee, good movie

<+tzar> yep 09:28

<drt> gm 09:29

<+tzar> mornig

looks like KN is happy today, lots of upward pressure 09:32

<+lumenPharmer> Narrowest range in 13 trading days, have to be close to a trend day ;( 09:34

er

<@NihabaAshi> Shorts ER2 @ 738.00 -> medium size 09:35

intuition

<+werner> wow 09:36

<+tzar> wow

ER just jumped up a point

<Splurge> lo all

<+tzar> in 1 sec

<@NihabaAshi> geesh

<+Andy> Shorts ES @ 1391 «« paper »» 09:37

Covered 1/4 ES Short @ 1390.25 --> + 0.75 «« paper »» 09:38

Covered 1/2 ES Short @ 1390 --> + 1 «« paper »»

<+tzar> super nice hold NihabaAshi if you held it

<@NihabaAshi> If ??? 09:39

<+tzar> who am i kidding!

<@NihabaAshi> :)

<+werner> lol

<+tzar> does that happen often NihabaAshi?

<+Andy> Covered Remainder ES Short @ 1389.5 --> + 1.5 «« paper »»

<szubaark> Buys ES @ 1390 «« paper »»

<+Splurge> wheres the volume gone?

<@NihabaAshi> Yes...it happens every trading day... 09:40

I call it Pin Ball Machine price action

<+tzar> damn

* nusssnougat is now known as nussnougat

<+tzar> that thing mustve stopped a lot of people oit

out

<+PapaJon> yep.. kinda like riding a bronco or dirt bike

<@NihabaAshi> Covered all ER2 Short @ 739.00 --> - 1 09:41

<+szubaark> exit stop moved to breakeven ES @ 1390 «« paper »»

<+PapaJon> I always have to go to the chiropractor after a day like this

<@NihabaAshi> Long ER2 @ 739.30 -> medium size

<Spartan> Long ER2 @ 739.5 -> small size «« paper »»

<+tzar> lol PapaJon

<+PapaJon> :)

<+szubaark> Exited all Long ES at 1392.50 --> + 2.5 «« paper »» 09:42

<+Spartan> nice szu 09:43

<+szubaark> thanks

<@NihabaAshi> Exited all ER2 Long @ 739.50 --> + 0.2 09:44

crazy so far 09:45

<+werner> mmmm....price action

indd

<@NihabaAshi> Lots of Pin Ball Machine price action

<+tzar> whats price action?

<+werner> yep

like niha :)

<+Spartan> stop 739.1 09:46

<+werner> dont now how too explane my englisch is not so well:(

* subq -=market profile charts updated=- http://www.charthub.com/chart/search/mpc hart 09:47

<@NihabaAshi> Shorts ER2 @ 740.10 -> medium size 09:48

<+szubaark> Shorts ES @ 1393.25 «« paper »» 09:50

<+Spartan> Exited all ER2 Long @ 739.9 --> + 0.4 «« paper »»

<+werner> tzar: http://www.dacharts.com/articles/Buffy_o n_price_action.php

<+tzar> thank werner 09:51

<+werner> :)

<+Spartan> Shorts ER2 @ 739.8 -> small size «« paper »» 09:52

<@NihabaAshi> Price action slowing down...maybe now I can keep up with it a little in comparison to it being too fast for me. 09:54

volatility declining

<+tzar> NihabaAshi do you ever add to your position ( average )?

<@NihabaAshi> Covered all ER2 Short @ 739.60 --> + 0.5 09:56

<+szubaark> exit stop moved to breakeven ES @ 1393.25 «« paper »»

<@NihabaAshi> tzar...sure...I add but only in special situations when I think for what ever reasons that I caught a trend and only ADD when I get another pattern signal.

<disciple33> Niha, isn't ES easier to trade when market gets volatile? 09:58

<+disciple33> vs. ER2

<+szubaark> Covered all Short ES at 1393.25 --> 0 «« paper »» 10:00

got shaken out 10:01

Shorts ES @ 1391.50 «« paper »»

<+Spartan> Covered all ER2 Short @ 740.6 --> - 0.8 «« paper »» 10:02

bad trade for me

<+tzar> wow.. looking at ER2 time and sales... boy does it jump around

<+Andy> just had Help Wanted 10:03

10:00

<+Spartan> Long ER2 @ 740.7 -> small size «« paper »»

Exited all ER2 Long @ 739.7 --> - 1 «« paper »» 10:04

bad trading mistake, was not aware of report

<+szubaark> Covered all Short ES at 1389.75 --> + 1.75 «« paper »» 10:05

<@NihabaAshi> [09:58] <disciple33> Niha, isn't ES easier to trade when market gets volatile? 10:06

Depends on the method (strategy). 10:07

<+Spartan> Long ER2 @ 739.4 -> small size «« paper »»

<@NihabaAshi> Regardless, if your confused about what to trade...

Backtest your method on all the trading instruments you are considering for trading.

Choose the trading instrument that performs the best with your method.

Or choose the trading instrument that fits into your personal schedule :) 10:08

For example...I don't trade the best trading instrument for my method because of a conflict with my personal schedule.

Spouse won't allow me to get up around 1am est to start preparing for the DAX, FTSE 100 or CAC-40 10:09

:(

<+werner> lol 10:10

<+tzar> whiped :P

<nqcruiser> is DAX the preferred pair Niha

<+werner> mmm my spouse will that i trade hangsang ,dax and us 10:12

i think she wil not see me 10:14

<+Spartan> Exited all ER2 Long @ 738.4 --> - 1 «« paper »»

ran my stop :( 10:15

<@NihabaAshi> Pin Ball Machine price action again :(

<+szubaark> yup, too fast to even get Order in

<+Splurge> Niha dax has even less volume than ER2 and usually sleeps until US wakes up. Dax is open for 11 hours closes 2 hours before US

<+Spartan> Long ER2 @ 739.8 -> small size «« paper »» 10:16

<+szubaark> Shorts ES @ 1391 «« paper »»

<@NihabaAshi> Long ER2 @ 739.80 -> medium size 10:17

<tzar2> back 10:18

<@NihabaAshi> crazy

<+werner> wow

<@NihabaAshi> Bronco Riding today

<+szubaark> Covered all Short ES at 1394 --> - 3 «« paper »» 10:19

Buys ES @ 1394 «« paper »»

<+nqcruiser> long @ 93

<@NihabaAshi> Exited 3/4 ER2 Long @ 741.40 --> + 1.6 10:20

<+tzar2> nice NihabaAshi

* tzar2 is now known as tzar

<@NihabaAshi> tightning up my trailing stop due to the bronco like price action 10:21

exit stop raised ER2 @ 741.00

<+nqcruiser> connection lost - zenfire ouch!! 10:22

while i am stopless

<@NihabaAshi> :(

<+Andy> agree 10:23

<@NihabaAshi> becareful trading without stops due to the fact no platform, no ISP and no computer are perfect...

Shit happens and when it does...you want a stop in place.

<+nqcruiser> i am perfect ...

i dunno how to put stops on Ninja 10:24

<@NihabaAshi> :(

<+nqcruiser> can some1 kick es a little up..

<+tzar> nqcruiser, sure just ask KN 10:25

<+nqcruiser> i took 62$

<+tzar> we go trough 14000 today

1400

<@NihabaAshi> 5mins away from the 1030am EIA Petroleum Status report that the market started hyping is important to watch since early afternoon yesterday.

<+nqcruiser> i reserved the right to get and book profit 10:26

if lousy price action offers mo oops

40$ mo and i call it quits and go home with $100 profity

<+Andy> 29th of the month...last day for mutual fund window dressing...SEC gets curious only on the very last day (tomorrow) 10:27

<+Spartan> Exited all ER2 Long @ 742.4 --> + 2.6 «« paper »» 10:28

<+Andy> vn Spartan

<+Spartan> thanks, made up for my dumb trades earlier

<+nqcruiser> i dont have a stops on Ninja 10:29

World's dammest trading platform when they dont provide a simple stop

<@NihabaAshi> Exited Remainder ER2 Long @ 741.30 --> + 1.5 10:30

<+nqcruiser> i am short

reason: TOC

<+szubaark> Exited all Long ES at 1391.25 --> - 2.75 «« paper »»

Shorts ES @ 1391.25 «« paper »»

<@NihabaAshi> Shorts ER2 @ 740.80 -> medium size

crazy

<+szubaark> nutso action

<@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 10:31

<+lumenPharmer> oil boom

<rep1acs> yeah nqcruiser i dont like ninja for it's not easy to place stop orders

<@NihabaAshi> Hold on to your boot straps folks...

It's a BRONCO RIDE

<+tzar> holly crap

what a melt down

<+szubaark> back to back Volatility spikes, that went against me :(

<+tzar> :(

<+Andy> gotta laugh

<@NihabaAshi> That's what happens when the market and all the financial networks HYPE one of these key economic reports 10:32

<+tzar> there has to be a pull back

<+Andy> one cash contract short at 1394.75 (late entry)

<+nqcruiser> up 175$

<+tzar> nice

<ItalianSharp> whats the oil report like? 10:33

<+nqcruiser> came to pappie ES

i am out

200$

<+tzar> nice 10:34

<+nqcruiser> i foresaw the stupid fall

<+Andy> exit 1389 +5.75

<+rotor> Long ES @ 89.5 «« paper »»

<@NihabaAshi> Covered all ER2 Short @ 739.70 --> + 1.1 10:35

<+tzar> crap i got too early on my NQ long

<+rotor> Exited 1/3 ES Long @ 91.25 --> + 1.75 «« paper »»

<+tzar> had really good long 10:36

2006

<+rotor> Exited all ES Long @ 91.5 --> + 2 «« paper »»

<+tzar> Long NQ @ 2006

Exited all NQ Long @ 2007.75 --> + 1.75 10:37

<@NihabaAshi> Long ER2 @ 739.30 -> small size

<+tzar> KN-ES welcome 10:38

<KN-ES> gm tzar

<+Flex> morning

<+KN-ES> gm

<+tzar> this whole jumping happend becuase KN-ES's cat walked on his keyboard, pressed the arrow down first, then up

<+KN-ES> Shorts ES @ 1393.25 10:39

Covered all ES Short @ 1393.75 --> - 0.5 10:40

<+Spartan> Shorts ER2 @ 740.5 -> small size «« paper »»

<+KN-ES> Shorts ES @ 1393.25

s.l 1395.25

brb

<+Spartan> Covered all ER2 Short @ 741.3 --> - 0.8 «« paper »» 10:41

nope

<@NihabaAshi> Exited 2/3 ER2 Long @ 741.10 --> + 1.8

<+Spartan> nice niha

Shorts ER2 @ 740.1 -> small size «« paper »» 10:42

<@NihabaAshi> Pin Ball Machine price action

<+Spartan> Covered all ER2 Short @ 741.2 --> - 1.1 «« paper »» 10:43

<@NihabaAshi> crazy volatility today

Exited Remainder ER2 Long @ 741.00 --> + 1.7

<+Andy> that's quite a sharp level in nq

<+anglo> mkt may get the 1400+ stops very soon 10:44

<@NihabaAshi> Geeesh...I cut my profit goal in 1/2 for the day because I won't be trading the p.m. trading session 10:45

<+ItalianSharp> niha, crazy volatility in terms of interval range...however, we're stuck in a trading range with very wide intervals, which makes it real hard

<@NihabaAshi> I'm now almost 3x above my goal

<+Andy> :)

you can buy a double scoop cone this weekend, niha 10:46

<@NihabaAshi> It's going to be a Sushi weekend :)

<+nqcruiser> nq not joing others

<@NihabaAshi> Days like today will make even a trader that uses Horoscope be profitable :) 10:47

<+Andy> may be thin gruel for the shorts today 10:50

<+KN-ES> :)

<@NihabaAshi> Shorts ER2 @ 742.80 -> small size 10:51

intuition only

<+Spartan> Shorts ER2 @ 742.9 -> small size «« paper »» 10:52

<@NihabaAshi> Covered ER2 Short @ 743.30 --> - 0.5 10:53

Reverse and Enter Long ER2 @ 743.30

:(

<+nqcruiser> i took a hit too

<@NihabaAshi> Where's that Pin Ball Machine price action when I need it :) 10:54

<+szubaark> weird action last few minutes 10:55

<+tzar> Es preparing to break through 10:57

<@NihabaAshi> Exited ER2 Long @ 742.30 --> - 1 10:58

<rickf> bak 10:59

<@NihabaAshi> Dust is starting to settle down...

Reducing my position size to correlate with the declining volatility 11:00

<+nqcruiser> i am short 11:04

hoping for a deeper pullback

<@NihabaAshi> Shorts ER2 @ 742.30 -> small size 11:05

<+nqcruiser> ouch that was scarry 11:08

<@NihabaAshi> Covered ER2 Short @ 742.20 --> + 0.1

Houdini Escape due to my entry was a trade error

volatility declining more 11:12

Expecting a volatility spike here soon but it most likely will be followed by a Pin Ball Machine price action :( 11:13

<+rotor> Shorts ES @ 98.25 «« paper »»

<@NihabaAshi> Long ER2 @ 743.10 -> small size 11:14

<+Spartan> Covered Remainder ER2 Short @ 743 --> - 0.1 «« paper »» 11:18

<@NihabaAshi> Exited ER2 Long @ 742.70 --> - 0.4

Price action obviously content with playing that small range... 11:19

Will play along with it.

Shorts ER2 @ 742.80 -> small size 11:20

Covered ER2 Short @ 742.30 --> + 0.5 11:21

Long ER2 @ 742.20 -> small size 11:22

<+Spartan> Long ER2 @ 742.6 -> small size «« paper »» 11:23

Exited all ER2 Long @ 741.8 --> - 0.8 «« paper »» 11:24

* Spartan is now known as Spartan_Away

<@NihabaAshi> Exited ER2 Long @ 743.00 --> + 0.8 11:26

<+rotor> Covered ES Short @ 92.25 --> + 6 «« paper »» 11:28

sorry 98.25

<+tzar> Long NQ @ 2014.25

Long NQ @ 2013.50 -> Add

Exited 1/2 NQ Long @ 2015.50 --> + 2 11:29

Exited Remainder NQ Long @ 2016.00 --> + 1.75

<+werner> nice 11:30

<+rickf> vn 11:32

<+tzar> thanks

was a long trade.. time wise

<+rickf> short es 1397.50 paper sm sz 11:33

<+tzar> 3 trades for the day, all 3 profitable

<@NihabaAshi> Shorts ER2 @ 742.70 -> small size 11:35

wanted a higher short entry but was too slow in responding to that retest of the 743.00 price level 11:36

<+rickf> exit es 1398 -.5 paper 11:37

<@NihabaAshi> Covered ER2 Short @ 742.60 --> + 0.1 11:38

<+lumenPharmer> oil back down

<@NihabaAshi> 3rd Houdini Escape of the day

<+lumenPharmer> lol houabaAshi ;) 11:39

<@NihabaAshi> Shorts ER2 @ 743.10 -> small size

<+szubaark> those prior WRBs took all the Volatilityh out of this for now 11:41

Covered all Short ES at 1398.25 --> - 7 «« paper »»

Buys ES @ 1398.25 «« paper »» 11:42

<+werner> a 1hour cosolidation sofar...pfffff

consolidation 11:43

<+tzar> Shorts ES @ 1398.25

Covered all ES Short @ 1397.75 --> + 0.5 11:44

<+szubaark> expecting Volatility spike soon, hopefully to upside,Im Long 11:48

<@NihabaAshi> Covered ER2 Short @ 744.70 --> - 1.6 11:49

Reverse and Enter Long ER2 @ 744.70

back up to 2 contracts again with the increasing volatility

* codehead_afk is now known as codehead 11:51

<+rickf> good call szu 11:54

short es 1400.75 paper sm sz 11:55

<@NihabaAshi> volatility declining :( 11:56

If it's going to do a volatility spike upwards...

Now is a good time for such especially since I'll be done trading soon :) 11:57

<+rickf> exit es 1400.75 b/e paper

<@NihabaAshi> Exited ER2 Long @ 744.90 --> + 0.2 12:00

I gave it a tone of wiggle room but time ran out for me. 12:01

I'm done trading for the day...gotta do a ton of personal stuff now.

<+rickf> sheesh weird tape today -- or i'm not in-sync with it

<+tzar> bye NihabaAshi

<+nqcruiser> Thanx Niha

<+szubaark> those early back to back Volatility spikes made it Impossible to catch this upside breakout

<+rickf> short es 1399.75 paper sm sz 12:05

<+nqcruiser> does Ninja provide stoploss 12:08

i paid dealy for using the basic version

there seems to be no stops

<+tzar> not on basic version i belive

<+Andy> nq, forgive the unasked advice, but...traders have been COMPLETELY wiped out by not putting in "catatrophic stops"...you should not trade without them 12:10

<@NihabaAshi> That's the first time I ever heard of a trading platform that doesn't have a stop/loss mechanism.

<+rickf> exit es 99.97 b/e paper

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)

<+nqcruiser> its the most stupid platform in the world 12:11

u cant put a stop

<+szubaark> he must be using the Free Version

<+Andy> rickf, in all seriousness, that was a good trade

you got out

when it wasn't working

<+rickf> second best outcome :)

<+Andy> yes

<+nqcruiser> i am using the free version 12:12

but ampfutures didnt tell me how to use stops

i am down -75

after being up 225

<+Andy> can't you get someone on the phone?

there must be a customer service number

<+nqcruiser> i trade from 3rd world 12:14

they dont answer 3rd world calls

<+Andy> do you have a second platform in which you can hedge the first? can you get access to cbot and hedge with ym? 12:15

<+szubaark> Exited all Long ES at 1399.75 --> + 1.5 «« paper »»

Shorts ES @ 1399.75 «« paper »»

<@NihabaAshi> I don't recommend trading rising volatility or volatile market conditions like we had today without stops. 12:16

<+nqcruiser> I understand i have to use static dome

<@NihabaAshi> There was an unusual number of Pin Ball Machine like price action along with a few bronco rides... 12:17

Stopless can become painful quickly on a day like today.

<+rep1acs> nq have u tried placing stop orders by using middle click?

<@NihabaAshi> Any software designer that makes a platform without stop mechanism should be taken out back and beaten :( 12:18

I'm just in shock hearing that there's a platform out there that doesn't have a stop mechanism. 12:19

<+tzar> NihabaAshi what do you say.. we continue to go up or reversal is cominhg?

<@NihabaAshi> Market direction doesn't matter to me consideering my bias changes often throughout the trading day. 12:20

Further, I don't trade my bias.

<+tzar> i see

<@NihabaAshi> I use my bias to help a little with my position size management

Take care all and see all tomorrow.

<+tzar> you too 12:21

thanks

* NihabaAshi is now known as NihabaAshi_away

<+rickf> cya

<+tzar> 1 ES trade took my days profit :(

<+rickf> welcome to the wacky world of futures :( 12:22

<+szubaark> hehe rickf 12:25

<+Andy> hedge fund guys and mutual fund managers have now window dressed their month end positions...no interest in selling...

<+rickf> oyeaaaaah.....forgot 'bout windowdressing time 12:26

<+szubaark> notice the zig-zagging we did before this breakout,make sure nobody gets onboard LOL 12:27

<+Andy> except for the most obvious shorts, it has made me cautious about that side

<+rickf> yup

<+szubaark> this is just another creeper trend, im getting sick of those,Impossible to trade

<+rickf> yep and anemic volume 12:28

prolly good time for lunch, anyway :)

<+ItalianSharp> szu...agree, really tough price action today...i used to suffer a lot in this kind of days fortunately i've learned how to limit damage and even make some money off of them

<+rickf> i need to just sit these periods out 12:29

<+ItalianSharp> rick, gonna tail you on that...lunch break for me now

<+rickf> ItalianSharp - you buying?

back in a bit

<@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 12:37

<+Andy> I would expect to see some selling 08..13 12:41

* Spartan_Away is now known as Spartan 12:51

<+Spartan> Long ER2 @ 750 -> small size «« paper »» 12:52

<+ItalianSharp> volatility just flatlined...we should get a spike soon 13:01

<+rickf> back 13:02

<+Andy> Shorts ES @ 1404.75 «« paper »» 13:05

Covered all ES Short @ 1404.75 --> 0 «« paper »» 13:08

<+Spartan> Exited all ER2 Long @ 749 --> - 1 «« paper »» 13:17

<+rickf> short es 1403.50 paper sm sz 13:19

exit 1403.50 b/e paper 13:20

<+Spartan> Long ER2 @ 749.2 «« paper »» 13:33

<+rickf> CFTC Announces Multiple Energy Market Initiatives 13:41

http://www.cftc.gov/newsroom/generalpres sreleases/2008/pr5503-08.html

<+Spartan> Exited all ER2 Long @ 749 --> - 0.2 «« paper »» 13:42

<MK> Shorts ER2 @ 749.2 «« paper »» 13:59

<+MK> Covered ER2 Short @ 749 --> + 0.2 «« paper »» 14:02

Reverse and Enter Long ER2 @ 749 «« paper »»

* wesaside is now known as wesaaside

<+Andy> I think I'm going to wait in line at the local Motor Vehicle Registration, just for a little excitement 14:04

<+rickf> lol

i was ready to call it a day and go take a nap myself

<+Andy> if not that, then call my tax accountant and see if there have been any interesting regulation changes

<+rickf> tho if it breaks to the downside......who knows

<+Andy> yah 14:05

<+rickf> read the phone directory...

<+MK> action should pick up in about 30 min when Bernanke speaks

<+Andy> just about to go for a bike ride, really

ah...then I'm out of here, see you all in an hour...

<+rickf> short es 1403 paper 14:36

<+tzar> back 14:38

<@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 14:40

<+ItalianSharp> what's bernie saying to scare the markets?

usual bullshit?

<+rickf> dunno

not listennig

<+ItalianSharp> downside risk on economy and upside risks on inflation...same old crap

<+tzar> ES owes me 3 points

<Bambam-77> 1399.25 pos trgt then sub 1390's if this is a swing hi protect ss 14:42

<+rickf> exit 1/2 es 1402 +1 paper

<+Bambam-77> never straight down

<+rickf> yup

<+Bambam-77> a rtrc could get us to 1404 again 14:43

keep this in your play scale and trail your stps

<+rickf> i'm always leery in the pm sessions -- not my finest time to trade, so i tend to scalp-to-be-safe 14:44

<+Bambam-77> trend still neutral to down 14:45

<+rickf> agree

sl 1404 14:46

<+tzar> Bambam-77 what price are you short at 14:48

<+Bambam-77> 06.25 murruy 8/8 had a stp at 1407.5 just in case i wAS WRONG 14:49

<+tzar> murruy ?

<+Bambam-77> MURREY MATH 14:50

<+tzar> not following

<+rickf> out 1404

short es 1402 paper 14:56

see if i got it right this time....

<+Bambam-77> we need rtrc to 1402.25 area 15:01

<+rickf> exit 1/2 es 1388.75 +2.25 paper 15:03

er 1399.75 15:04

h5

<+tzar> paper? 15:05

<+rickf> yes

<+tzar> BigDawg291 thought it was cash

<BigDawg291> lol

<+rickf> exit 3/5 es 1400.50 +1.5 paper 15:07

h2 15:08

exit remainder es 1400 paper 15:21

+2 paper

i'm sure it's going lower.....but my head is killing me so I'm gonna go crash for a while

<+szubaark> i got a headache from this mornings Price Action 15:24

<+Bambam-77> pos trgt 1497 area might get a bounce there 15:26

1397

<+tzar> Shorts NQ @ 2024.50 15:41

Covered all NQ Short @ 2023 --> + 1.5

<+Bambam-77> pos setting up for dump tomorrow 15:48

moc order might drive us up

<+szubaark> they could still doit in last minutes on the day 15:49

<+Bambam-77> who really know's if short protect you $$ 15:50

i am flat

<Brutus> 05/29/2008 16:01 *DJ Dell 1Q Rev $16.08B Vs $14.72B, +9.2% >DELL 16:01

<+Brutus> 05/29/2008 16:01 *DJ Dell 1Q Net $784M Vs Net $756M, +3.7% >DELL 16:02

<+werner> gn all

<+Brutus> http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={d01d6 5e4-7eab-4c1f-8d6d-6e5256bfe2da}

<+szubaark> Covered all Short ES at 1399.25 --> + 0.5 «« paper »» 16:07

<+ItalianSharp> ugly close for eminis 16:08

<+szubaark> ugly day

<+tzar> i love the day today

except 1 badly calculated ES trade

<+Andy> gn all 16:10

<@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 16:46

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