#FuturesTrades June 3rd Tuesday 2008 Trade Log

General Strategy Info: The above profit/loss info represents trades by M.A. Perry (a.k.a. NihabaAshi - martial arts and Japanese Candlestick term) only and all trades were posted in real-time within 5 seconds after entry or exit as shown in the below chat log.

Also, I'm the moderator of #FuturesTrades and I use the below chat log as feedback to critical trading information that's not available when I review my broker statements nor any statistical analysis of my trading.  

Further, although I'm not familiar with the trade methods used by most members of #FuturesTrades, I use a rule based methodology (very objective) that involves price action only trading (no indicators). 

  There is some subjectivity involved with some of my trades when I'm developing a new entry signal or new trade management (hence the name TheStrategyLab.com).

In addition, my intermarket analysis allows me to switch and profitably trade any other trading instrument whenever I want if/when I don't want to trade the Russell 2000 ER2 Emini Futures.

With that said, today's trade posting chat log is below and it contains all my trades that were posted in real-time along with the trades of other members of #FuturesTrades.

Further, if you want the instructions for gaining access to our free #FuturesTrades chat room...click here.

	#FuturesTrades purpose, benefits and access info for day traders, swing traders and position traders...click here.
Time Zone Info	Chat Log below is eastern standard time (est) - New York City, U.S.A and/or Montréal, Canada time zone.
WRB Analysis	Learn More
	Session Start: Tue Jun 03 09:28:44 2008Session Ident: #FuturesTrades
* 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
<tzar>	gm NihabaAshi	09:29
<PapaJon>	gm all
<futurible>	gm all
<drt>	gm all
<rickf>	dumb question, what exactly does 'granting voice' do to/for us?
<@NihabaAshi>	No benefit for you :)	09:31
<+rickf>	lol
<@NihabaAshi>	It tells me whom are lurking and whom are not lurking.
<+rickf>	gotcha thx
<@NihabaAshi>	Then if I have a bad trading day or wake up in a bad mood...
	I'll then pick a fight with someone that's lurking :)	09:32
<+tzar>	lol
<lumenPharmer>	lol :)
<nqcruiser>	Short Nido
<+tzar>	meltdown	09:34
<@NihabaAshi>	What's up with Oil ang Gold lately...they do these dramatic volatility speaks when they open for trading at 0930am est in reference to index and ETFs
	Signs that there's some big time speculating going on.	09:35
<+rickf>	or folks lightening their pos preparing for the cftc rules/investigations perhaps
	the specs and long-only funds, that is	09:36
<Splurge>	gm	09:37
<szubaark>	Shorts ES @ 1388 «« paper »»
<+rickf>	short es 1387 paper	09:40
	actually 87.25
* Spartan_Away	is now known as Spartan	09:43
<+nqcruiser>	any1 find the levels here useful?	09:45
	http://www.ioamt.com/graphs/00781_z.png
<+rickf>	havent done much work with market profiles, sorry	09:47
<Spartan>	Long ER2 @ 741.8 «« paper »»	09:48
<+lumenPharmer>	had 742 short 2 times, stop out both b/e	09:49
<+Spartan>	Exited all ER2 Long @ 741.8 --> 0 «« paper »»
<+szubaark>	exit stop moved to breakeven ES @ 1388 «« paper »»	09:52
<+rickf>	stop moved to 1387 b/e +1 tick
<+Spartan>	Long ER2 @ 742 «« paper »»	09:53
<+rickf>	great minds think alike, eh szu? :)
<+szubaark>	yeah sure :)
	10am factory Orders coming up	09:54
	Covered all Short ES at 1386 --> + 2 «« paper »»	09:55
<werner>	gm all
<+rickf>	hi werner	09:56
<+szubaark>	hi werner
<+tzar>	gm werner
<+rickf>	out at 87 +,25 paper
<+werner>	yo rickf,szu,tzar
<@NihabaAshi>	Today we have that same low volatility like yesterday...	09:57
	Just much worst today in comparison.
<+rickf>	i dunno, the es was better behaved thus far than yesterday
<@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
<+rickf>	yesterday the es was really weird until 10, 1010	09:58
<+Spartan>	Exited all ER2 Long @ 743.2 --> + 1.2 «« paper »»	09:59
	that would have been nice	10:00
<+rickf>	:(	10:01
<+szubaark>	Volatility spike due to the 10am Report
<+tzar>	will there be a retrace?
	guess not as big as i wanted	10:04
<Bambam-77>	pos trgt 1395.75	10:05
<BigDawg291>	you long bamabm?	10:06
<+Bambam-77>	lower gap fill area from yesterday
<+BigDawg291>	rick you done any fx trades lately?	10:07
* subq	-=market profile charts for today=- http://www.charthub.com/chart/search/mpc hart
<+BigDawg291>	or nayone?
<+rickf>	nop
	sorry :(
<+BigDawg291>	thats alright just wondering	10:08
<+Spartan>	was long, got out before report, been bit too many times lately on reports
<+rickf>	spartan - prolly a good idea, i'm the same way
	fed days excluded of course
<+Spartan>	seems like murphys law strikes when I hold over reports	10:09
<+rickf>	only report i feel somewhat comfy trading is FOMC, actually	10:10
<@NihabaAshi>	weak support area ER2
<+rickf>	usualyl big enough moves and waves to help you fix yourself if you get in a bad place
<+Spartan>	yeah, great money making opportunity their, I still need some work on that one
<+rickf>	(but not always)
<+Spartan>	there, I meant
<+rickf>	if anyone's interested you can now trade options on the gold ETF (GLD) as of today	10:13
<+Spartan>	Long ER2 @ 744.5 «« paper »»	10:15
<+rickf>	there's your retrace tsar	10:16
<+tzar>	;)
	too late and slow
	id prefer a 1 min bar straight down :)	10:17
<@NihabaAshi>	Shorts ER2 @ 744.00 -> medium size
<+Spartan>	Exited all ER2 Long @ 743.5 --> - 1 «« paper »»
<dragon310>	long er 743.80	10:18
<+rickf>	remember the old saying - "trade the market you have, not the one you want" :)
	was a HARD lesson for me to learn
<+nqcruiser>	which product should I subscribe on esignal to get DAX, CAC40 and Eurostoxx	10:19
<+Spartan>	Long ER2 @ 743.7 -> small size «« paper »»	10:21
<+rickf>	DTN IQ might work for you	10:22
	tho i think most data providers offer that stuff?
<@NihabaAshi>	I think eSignal has something called the "European Exchange" that you need to subscribe to to get DAX and boys
<+rickf>	i get those feeds thru open-ecry as part of my brokerage data that comes w/my account
<+dragon310>	exit long at 743.30 -> -.05	10:23
<+szubaark>	Buys ES @ 1389.75 «« paper »»	10:25
<@NihabaAshi>	Covered ER2 Short @ 743.70 --> + 0.3	10:26
<+szubaark>	Exited all Long ES at 1388.75 --> - 1 «« paper »»	10:28
	Shorts ES @ 1388.75 «« paper »»
	exit stop moved to breakeven ES @ 1388.75 «« paper »»	10:30
<+Spartan>	Exited all ER2 Long @ 743.1 --> - 0.6 «« paper »»
<ItalianSharp>	damn, YM is really bearish today	10:31
<+ItalianSharp>	back to back v-shaped turns...down, up, down
<+szubaark>	yup, no direction as usual	10:32
<+rickf>	short es 1399 paper
<Andy>	Long ES @ 1387.75 «« paper »»
<+rickf>	oops 1389
<+szubaark>	Covered all Short ES at 1388.75 --> 0 «« paper »»	10:34
<+rickf>	exit es 1388 +1 paper
<+szubaark>	Buys ES @ 1388.50 «« paper »»	10:35
<+dragon310>	long ym 12499
<+Andy>	Exited all ES Long @ 1388.5 --> + 0.75 «« paper »»	10:36
<+Spartan>	Long ER2 @ 744 -> small size «« paper »»	10:42
<+szubaark>	Exited all Long ES at 1388.50 --> 0 «« paper »»	10:44
<+Spartan>	Exited all ER2 Long @ 742.9 --> - 1.1 «« paper »»	10:45
<+szubaark>	Buys ES @ 1387.75 «« paper »»	10:50
<+Spartan>	Long ER2 @ 743 «« paper »»	10:51
<+szubaark>	weak support level
<@NihabaAshi>	Long ER2 @ 744.00 -> small size	10:59
<+szubaark>	Exited all Long ES at 1390.50 --> + 2.75 «« paper »»
<+Spartan>	nice trade szu	11:00
<+rickf>	yup
<+szubaark>	thanks
<+Spartan>	Exited all ER2 Long @ 744 --> + 1 «« paper »»	11:03
<@NihabaAshi>	Exited ER2 Long @ 744.10 --> + 0.1
<+Spartan>	Long ER2 @ 743.6 -> small size «« paper »»	11:05
<+rickf>	long es 1390.75 paper	11:07
	exit 90.25 -.5 paper	11:08
<+Andy>	Long ES @ 1389.25 «« paper »»	11:11
	Exited 2/3 ES Long @ 1389.75 --> + 0.5 «« paper »»	11:12
	Exited Remainder ES Long @ 1390 --> + 0.75 «« paper »»	11:13
<+Spartan>	Exited all ER2 Long @ 744.5 --> + 0.9 «« paper »»	11:19
* Spartan	is now known as Spartan_Away
* codehead_afk	is now known as codehead	11:39
<+Andy>	Long ES @ 1390.25 «« paper »»	11:40
	Exited 3/4 ES Long @ 1391 --> + 0.75 «« paper »»
	Exited Remainder ES Long @ 1391.25 --> + 1 «« paper »»	11:44
<@NihabaAshi>	Long ER2 @ 744.70 -> small size
	intuition only
	sneaky price action
	geeesh...volatility just got worst.	11:46
	Didn't think it could get worst
	Now it pops :)	11:47
	volatility spike
	:(	11:48
	volatility spike back down :(	11:51
	Lookin gfor a Houdini Escape
	Exited ER2 Long @ 744.80 --> + 0.1	11:52
	Long ER2 @ 745.30 -> small size	11:54
	intuition	11:55
	Keeping this one at 1 contract due to my current profit level (low).
	I want to take a lunch break but have a strong feeling as soon as I walk away from the computer...	11:58
	Volatility is going to show up and produce a good directional price movement.
<@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	12:00
* Flex	is now known as Flex_away	12:01
<+tzar>	im back
<+Andy>	Shorts ES @ 1392.5 «« paper »»	12:02
	Covered all ES Short @ 1393.5 --> - 1 «« paper »»
	Shorts ES @ 1392.5 «« paper »»	12:03
	:(
	Covered all ES Short @ 1392 --> + 0.5 «« paper »»	12:05
<@NihabaAshi>	Anybody watched the EuroFX drop today earlier this morning ???	12:08
<+rickf>	nope - haven't looked at fx this week	12:09
<+dragon310>	i heard due to ben speaking about how he is soooo worry about the dollar falling	12:11
<@NihabaAshi>	Exited ER2 Long @ 744.40 --> - 0.9	12:12
	increasing volatility	12:13
<+Andy>	NQ dragging ES down
<startrader>	2nd day in row nq does not have the bang for the buck that es has.	12:15
<@NihabaAshi>	Long ER2 @ 745.00 -> small size	12:16
	2 only
	1 point range :(	12:19
	Exited ER2 Long @ 744.40 --> - 0.6	12:21
	Shorts ER2 @ 744.40 -> medium size	12:22
<+rickf>	heading out to run errands before the next 3 days of rain start. back later -- enjoy the volatility that is bound to occur in my absence :)	12:23
<+Andy>	Shorts NQ @ 1390.75 «« paper »»
	Shorts NQ @ 1391 -> Add «« paper »»
	that's ES	12:24
<@NihabaAshi>	I got that hearache sneaking up on me due to an empty stomach...looking to dump this even if its a small profit	12:25
<+Andy>	Covered 1/2 NQ Short @ 1390 --> + 1 «« paper »»
<KN-ES>	nice Andy	12:26
<+Andy>	thanks KN
	Covered 1/4 NQ Short @ 1389.25 --> + 1.5 «« paper »»
* Spartan_Away	is now known as Spartan	12:27
<@NihabaAshi>	Covered ER2 Short @ 743.60 --> + 0.8
	going to lunch before my head splits	12:28
	Be back later
<+Andy>	Covered Remainder NQ Short @ 1389.25 --> + 1.5 «« paper »»
* NihabaAshi	is now known as NihabaAshi_away
<+KN-ES>	Shorts ES @ 1389.50	12:29
<+Andy>	Long NQ @ 2018.25 «« paper »»	12:31
* Flex_away	is now known as Flex	12:32
<+Andy>	Exited 3/4 NQ Long @ 2019.25 --> + 1 «« paper »»	12:33
	Exited Remainder NQ Long @ 2017.75 --> - 0.5 «« paper »»	12:34
<+Spartan>	Long ER2 @ 743.5 -> small size «« paper »»
<+KN-ES>	nice Trade Andy	12:37
	its not going anywhere
<+Andy>	thanks KN :)
<+KN-ES>	Covered all ES Short @ 1389.25 --> + 0.25	12:38
	dont want to fight with a market thats going almost nowhere.........................
	need to break that 94.25 res	12:39
	or 85.50 on downside
	but very likely going up.......	12:40
	holding that for 4 days
<+Spartan>	Exited all ER2 Long @ 742.9 --> - 0.6 «« paper »»	12:44
	Shorts ER2 @ 743.5 «« paper »»	12:53
<+Andy>	Long ES @ 1388 «« paper »»	12:54
	Exited all ES Long @ 1387.75 --> - 0.25 «« paper »»	12:56
	Long ES @ 1387.25 «« paper »»	13:00
	Exited 2/3 ES Long @ 1388.25 --> + 1 «« paper »»	13:01
	Exited 1/3 ES Long @ 1387.25 --> 0 «« paper »»	13:04
<rotor>	Long ES @ 1387.5 «« paper »»
<+Spartan>	Covered all ER2 Short @ 743.9 --> - 0.4 «« paper »»	13:09
	Long ER2 @ 743.6 -> small size «« paper »»	13:12
<codehead>	long 12485 Ym <paper>	13:18
<+codehead>	oil diving
	(but working and don't have time to trade for real)
<+Andy>	Long ES @ 1388 «« paper »»	13:19
<+szubaark>	Shorts ES @ 1388.25 «« paper »»	13:20
<+Andy>	Exited all ES Long @ 1388.25 --> + 0.25 «« paper »»	13:21
<+Spartan>	Exited all ER2 Long @ 743.1 --> - 0.5 «« paper »»	13:22
	Shorts ER2 @ 743.1 -> small size «« paper »»
<+Andy>	wow...a bit whippy	13:25
<+szubaark>	yeah huge whip
	exit stop moved to breakeven ES @ 1388.25 «« paper »»
<+Spartan>	This PA is really annoying me. I probably shouldn't be trading right now
<+Andy>	yes Spartan...time for the pause that refreshes :)	13:26
<+szubaark>	thats why ive been moving Stop to breakeven a lot today
<+rotor>	Exited all ES Long @ 1386.75 --> - 0.75 «« paper »»
<+szubaark>	Volatility spike
<+Andy>	the pause that refreshes...that used to be a cigarette commerical, right?	13:28
<+Spartan>	Covered all ER2 Short @ 741.4 --> + 1.7 «« paper »»
<+szubaark>	nice Spartan
<+Andy>	vn Spartan
<futurible>	vn Spartan	13:29
<+Spartan>	thanks, finally got a move
<+szubaark>	Covered all Short ES at 1384.75 --> + 3.5 «« paper »»
<+Andy>	vn szu	13:30
<+szubaark>	thanks
<+Spartan>	nice szu, good call
<+dragon310>	this may be the start of a big fall for er
* NihabaAshi_away	is now known as NihabaAshi
<+szubaark>	yup, any bounce now Sell	13:31
<@NihabaAshi>	Shorts ER2 @ 739.70 -> medium size
	Geeesh...what did you guys do to the market while I was gone.	13:32
<+dragon310>	any news?
<@NihabaAshi>	Must be KN selling
<+Andy>	exactly my thought
<@NihabaAshi>	intuition trade...just riding the wave
<+szubaark>	Weak Support area	13:33