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#FuturesTrades June 3rd Tuesday 2008 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+15.60	+30.20	+1739.20
$1,560	$3,020	$173,920

Emini EMD

1000am - 1001am 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: 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

<@NihabaAshi> Need to be care because I'm in a key price area

<+dragon310> dow going to 12200 level

<GoodMood2> KN selling ?

<+Andy> KN made the prediction earlier...85.5 to the downside 13:34

<@NihabaAshi> Covered ER2 Short @ 739.30 --> + 0.4

<+tzar> KN was right on the dot 13:36

<+Spartan> Long ER2 @ 739 «« paper »» 13:38

Exited all ER2 Long @ 738 --> - 1 «« paper »» 13:39

<@NihabaAshi> Shorts ER2 @ 738.20 -> medium size 13:40

<+tzar> Shorts NQ @ 2003.75

<@NihabaAshi> :(

<+tzar> Covered all NQ Short @ 2000.50 --> + 3.25

<@NihabaAshi> intuition and trade error

<+KN-ES> finally that big bounce... 13:41

<+tzar> KN-ES did you short ES today?

<+KN-ES> i m in Dax mostly today 13:42

wait

<@NihabaAshi> Covered ER2 Short @ 738.00 --> + 0.2

Houdini Escape

<+KN-ES> <KN-ES> we may face a STRONG bounce at 92.25-94.25 area.........if not then streight to NORTH

* Flex is now known as Flex_away

<+GoodMood2> who is Houdini ?

<+tzar> yep read that

<+KN-ES> never crossed 94........ not suppose to

<+Spartan> Long ER2 @ 738.1 «« paper »» 13:43

<+KN-ES> now see if we can make 67.25 13:44

its been sitting there for weeks

and in dax 6970 +- area

<@NihabaAshi> GM...he was a famous magician

<anglo> why 94.25?

<+GoodMood2> ok

<@NihabaAshi> Had the ability to get out of the most difficult impossible situations 13:45

<+tzar> KN-ES are long on DAX today?

<+KN-ES> 94.25 was resistance 13:46

<+anglo> why

<+tzar> and how much is your target on DAX? ( how many points)

<+KN-ES> nop short in Dax...... from 7031

<+tzar> still holding?

<+KN-ES> target is 6970

yes

<+tzar> 8 contracts?

<+KN-ES> now 6989

nop

did scale out all but 2 13:47

<+szubaark> what time is Dax open to?

<@NihabaAshi> Shorts ER2 @ 738.10 -> small size

<+KN-ES> i think 3

<+szubaark> Buys ES @ 1378 «« paper »»

<+anglo> [13:45] <+KN-ES> 94.25 was resistance

[13:46] <+anglo> why

<+KN-ES> i start at 5 most of the days

<+Spartan> Exited all ER2 Long @ 737.5 --> - 0.6 «« paper »»

<+KN-ES> 6984 now 13:48

Anglo........that was the resistance

<+anglo> why

dont see it 13:49

<+KN-ES> do you have a resistance in that area?

<+anglo> no

<+KN-ES> why?

<+anglo> i asked why first.

<+KN-ES> :)

well, if you follow last few weeks 13:50

thats the area we are getting all the big bounces.......

and again 94.25 is the most traded price

<+anglo> ok. ty.

<+KN-ES> for some reason...... 92.25 to 94.25 is a very very grey area 13:51

<+anglo> will double check. I dont see it.

<+Andy> Long ES @ 1377.5 «« paper »» 13:52

<+KN-ES> i have no idea how to explain it more white......... just worked, should be the best explaination i can come up with

<+anglo> i guess

<+Andy> Exited all ES Long @ 1376.25 --> - 1.25 «« paper »»

<+KN-ES> dax is 6976 13:53

<@NihabaAshi> Covered ER2 Short @ 736.40 --> + 1.7

<+KN-ES> need 6 more ..... 12 steps

<@NihabaAshi> Weird... 13:54

<+tzar> KN-ES how much are you holding?

<+rickf> bak

<+startrader> Long NQ @ 1993 13:55

<+Spartan> Long ER2 @ 737 -> small size «« paper »»

<+KN-ES> now 1 contract

got out of one at 75

remember the short at 89.50?

<@NihabaAshi> This price drop related to a brokerage rumour...crazy

As long as it continues producing volatility...great

<+startrader> Exited all NQ Long @ 1991 --> - 2 13:56

<HK> Shorts ER2 @ 736.5 «« paper »»

<+rickf> ok anyone profiting from the vol in my absence owes me 10% of winnings :)

<+KN-ES> didnt hold it coz was already in dax......that was double risk..... decided to hold on the one alreay in winnng side

<+rickf> murphy's laws of markets - when away from the desk the market moves for you

<+KN-ES> dax6971

<+Spartan> Exited all ER2 Long @ 735.9 --> - 1.1 «« paper »»

* +tzar sends $456121

<+tzar> to rickf

<+rickf> :)

<+tzar> err 13:57

<+rotor> Long ES @ 1373.5 «« paper »»

<+tzar> thats a bill

KN-ES how many points do you use on DAX for stop loss?

<+KN-ES> 10

<+tzar> ouch

<+KN-ES> 10 is not much in dax 13:58

<+tzar> thats true, but in $ value ... ouch

<+KN-ES> well consider the othe side

80 to 30 thats 50 points

1:5 ratio at this moment 13:59

<+tzar> yep

<+KN-ES> it goes even even higher if you consider all the scale out trades

<+tzar> you risk 10 and go for 30 ?

<@NihabaAshi> Weak Support ER2

<+rotor> Exited all ES Long @ 1375.25 --> + 1.75 «« paper »»

1375.75 14:00

<+KN-ES> take out half most of the time at 10

asap

<+tzar> most = 3/4 ?

<+KN-ES> to make the trade break even first

nop, in Dax i take out half

<+tzar> i see 14:01

<@NihabaAshi> Long ER2 @ 735.90 -> small size

<+tzar> do you use market buy /sell also in dax? reason im asking is .. ive tried using the market button and almost always got horrible fills

<+KN-ES> <+rickf> ok anyone profiting from the vol in my absence owes me 10% of winnings :) .............. rick i will send you a bad check 14:02

<+rickf> :)

<+tzar> lol

<+rickf> love you to, buddy

er "too"

<+tzar> he will still have your signature as an autograph.. probobly worht something on ebay

<+KN-ES> humm......only if its cotton economy ------------ exchange of something that doesnt worth much 14:03

<+Spartan> Long ER2 @ 736 «« paper »»

<@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 14:04

<+KN-ES> in dax, you shold have a limit order

its very risky to go for market orders in dax and hsi

<+tzar> what is HSI 14:05

<+KN-ES> hang seng

<+tzar> hang seng index

<+KN-ES> full contract

<+tzar> how much is it

<@NihabaAshi> :(

<+Spartan> Exited all ER2 Long @ 735 --> - 1 «« paper »»

<@NihabaAshi> Exited ER2 Long @ 734.90 --> - 1

<+KN-ES> no idea, havent traded in last 1 yr 14:06

<@NihabaAshi> I saw it coming but couldn't reverse in time :(

<+HK> Covered all ER2 Short @ 734.4 --> + 2.1 «« paper »»

<+tzar> HSI 24375.76

<+rotor> any support for buyers today? 14:07

<+tzar> does that mean each contract cost 24375 ?

<+KN-ES> nop

<@NihabaAshi> Long ER2 @ 735.10 -> medium size

<+KN-ES> only strong support i see is 67.25 .... if that helps

<+rotor> thanks KN 14:08

<+KN-ES> u welcome

<+tzar> how much would i pay for a HSI full contract KN-ES?

where is NQ at anyone? 14:10

<@NihabaAshi> Exited ER2 Long @ 736.00 --> + 0.9 14:13

<+dragon310> nq is at 1993.50 tzar if that's waht you are asking 14:14

<+anglo> KN : tzar will give you a rouble if you tell me your secrets.

<+Spartan> Shorts ER2 @ 735.3 «« paper »» 14:15

<+KN-ES> back 14:16

nop Anglo......... dont have any secret......all black and white

<+startrader> out of 2 at 89.75, see if they take it further.

<+KN-ES> will miss that rouble :) 14:17

<+anglo> yes. you will. forever.

<+rickf> short es 1375.25 paper sm sz 14:18

<+tzar> thanks dragon310

haha anglo

KN-ES do you know who Lewis J. Borsellino is ? 14:19

<+HK> Shorts ER2 @ 734.7 «« paper »»

<+KN-ES> no

<peterpanboy> gm to everyone 14:20

<+tzar> he is single biggest ES trader out there

<+KN-ES> i m with very limited knowledge in trading..... still learning

wow

<+tzar> trading about 20K contracts

<+KN-ES> damm

<+tzar> full contracts

<+KN-ES> thats huge

<+tzar> yes

<+rickf> exit 1/2 es 1372.25 +3 paper 14:21

<+HK> 732 next

<+KN-ES> i see he has a website

<@NihabaAshi> Shorts ER2 @ 733.70 -> small size

<+KN-ES> :))

<@NihabaAshi> Another support level has broken 14:22

<+rickf> h2

<+KN-ES> Dax is finally 6970 :)

<+szubaark> amazing, non stop selling

<+tzar> nice KN-ES

are you out?

<+KN-ES> yes

goal is goal......

<+tzar> :) 14:23

<+KN-ES> and so is the stop

<+Andy> Long NQ @ 1984.25 «« paper »»

<+tzar> do you ever get out of position before the stop gets hit? or do you always let it hit the stop no matter what?

<+KN-ES> either one must get hit

almost 100% time i let either one hit..............all the analysis should be done before getting into a trade not after gettin into a trae 14:24

<+rotor> KN do yoou ever move hard stop in to the downside?

<+KN-ES> twice in last 6 months

<+Andy> Exited 1/3 NQ Long @ 1985.25 --> + 1 «« paper »» 14:25

<+KN-ES> one by 2 tick

and one by a point

<+HK> Covered all ER2 Short @ 733.1 --> + 1.6 «« paper »»

<+rickf> exit 1/2 es 1371.25 +4 paper

h1

<+KN-ES> nice rickf

<+Andy> Exited Remainder NQ Long @ 1984.25 --> 0 «« paper »»

<+rickf> ty

<+rotor> that's my worst habbit so far...

<+KN-ES> you dont need that 10% aftar all

<+Andy> vn rickf

<+peterpanboy> price go south

<+KN-ES> :) 14:26

* +rickf figures on small sizes i get great rends-- on big lots i get scalps

<@NihabaAshi> Covered 2/3 ER2 Short @ 732.00 --> + 1.7

<+Spartan> Covered all ER2 Short @ 731.3 --> + 4 «« paper »»

<+rickf> exit es remainder 1370.25 +5 paper 14:27

now flat

<+Spartan> nice rick

<+rickf> ty - felt good for a change :)

<+KN-ES> thanks tzar. there are lots of interesting pages on Lewis J Borsellino 14:29

's work 14:30

<+peterpanboy> many story about borsellino

<+Andy> he also has a book 14:31

<+KN-ES> yes

i m completly new to trading....... still trying to get familiar with trading stuff

<+peterpanboy> for as I know lot a coverage about messing wuth mob

<+KN-ES> should be a interesting evening of reading......... 14:32

<+peterpanboy> agreed 14:33

<+tzar> np

<+KN-ES> well, here is something in return :)

tylors douglas 14:34

theory

<+peterpanboy> KN are you new to trading ???

<+KN-ES> yes

serious 3 yrs in all

<+peterpanboy> Ok not a decade veteran but... 14:35

<+HK> Long ER2 @ 731.5 «« paper »»

<+peterpanboy> if 3 full years is long time

<+KN-ES> no... 3 yrs with lots of breaks

<+peterpanboy> for others affairs or not confidence with trading 14:36

<+KN-ES> i m not just not serious in trading ...

if i have someting come up tomorrow...i can stay away from trading for months 14:37

dont miss it

<+tzar> wow

<+peterpanboy> meanwhile 731.5 is support in ER double botton

trading is not your main income?

<+KN-ES> now, yes 14:38

<Brutus_> tylors douglas - kn do you have a link? having trouble finding what you mean

<+peterpanboy> ok right

<+Spartan> Shorts ER2 @ 732.6 «« paper »»

<@NihabaAshi> Covered Remainder ER2 Short @ 732.60 --> + 1.1

<+peterpanboy> will see if break 733

<+szubaark> Nice Niha riding this down. 14:39

<@NihabaAshi> Yeah...especially after missing (at lunch) the first big drop it did.

<+peterpanboy> Nihaba how do you feel when missing some big move? 14:40

<+HK> Shorts ER2 @ 732.1 -> Add «« paper »»

<+szubaark> sliced through Support areas like butter

<+peterpanboy> I go very upset when market run without me

<+KN-ES> Brutus...look for "Book Method" 1950 14:41

George Douglas Tayor ...... i think the full name

<+Brutus_> ok found it

<+tzar> 1950?? kinda out of date, no? 14:42

<@NihabaAshi> [14:40] <+peterpanboy> Nihaba how do you feel when missing some big move?

<+Andy> http://youtube.com/watch?v=Dwt3DxxE0gs&f eature=related

<+KN-ES> told you.... i m new in trading... i read anything.... try to make sense of anything i get

<+Andy> trading lecture on the taylor trading technique

<@NihabaAshi> It happens to me almost every trading day due to the types of time away from the computer (trade breaks) I take. 14:43

After a few years of such...it doesn't bother me any more.

<+KN-ES> thanks Andy

<+peterpanboy> yeah thanks Nihaba

<+Andy> your welcome, KN

<+tzar> KN-ES did you make a screenshot of your setup yet ?

<@NihabaAshi> I don't have the ability to sit in front of the computer all day from Open to Close.

<+Andy> your = you're

<@NihabaAshi> Reason why I take frequent breaks through out the trading day to help stay focus. 14:44

<+KN-ES> told you its simple ... matrix , T@s and MD

<+peterpanboy> yeah Nihaba time ago I do that but very tired at the end of the day

<+rotor> Long ES @ 1373 «« paper »»

<+peterpanboy> and my eyes burning...

<+tzar> yep youve said that, but you know.. curiosity 14:45

<+KN-ES> i will upload it in the forum........today........this address......http://thestrategylab.com/forum/index.php?PHPSESSID=e60dfe466507b3d 926a054f8867b6310&topic=363.msg804;topic seen#msg804

<+szubaark> Niha, when u were starting out, did you spend all day looking and trading market?

<+peterpanboy> thanks KN-ES for link about Tylors 14:46

<+KN-ES> thats Andy

:)

<+Brutus_> thx andy

<+Andy> ur welcome

<+KN-ES> Andy is very helpful....helps me a lot.

not to mention Flex and Anglo 14:47

<+peterpanboy> thanks Andy for tube link 14:48

<+Andy> my pleasure 14:49

<+peterpanboy> ok

KN sorry before you write T@s I guest time sales MD=market direction? 14:50

<+Spartan> Covered all ER2 Short @ 733. --> - 0.4 «« paper »»

<+Andy> there is both a part one and part two to that lecture on youtube

<+KN-ES> time and sale and merket depth 14:51

i will post the screenshot today...... if that helps

<+peterpanboy> help for sure.. thanks

<+Andy> Shorts NQ @ 1374.5 «« paper »»

<+KN-ES> i dont find anything in it . so expectation should be very low 14:52

<+Andy> es

<+KN-ES> well if you have time after tylor douglas..................

you may look into "SHARP RATIO"

<+peterpanboy> maket depth so volume in particular size on bid/ask ? 14:53

Sharp ratio do you mean the sharp index?

<+KN-ES> nop

<+Andy> Covered 3/4 NQ Short @ 1374.25 --> + 0.25 «« paper »» 14:54

<+KN-ES> not sure though the way i read it is ratio

told you, i m new in trading and will take yrs to get used to with all the terms :(

<+Andy> Covered Remainder NQ Short @ 1373.75 --> + 0.75 «« paper »»

<+peterpanboy> trading is a never ending journey 14:55

<+KN-ES> aaaaaaaaaand i havent started it yet

<+peterpanboy> Ok so we are at the starting line.. 14:56

<+KN-ES> we ALL

<+Spartan> Long ER2 @ 733.5 -> small size «« paper »» 14:57

<+peterpanboy> keep us humble is not easy... KN

human ego want come out

<+HK> Covered 1/2 ER2 Short @ 734.2 --> - 2.1 «« paper »» 14:58

<+peterpanboy> and sometimes ruin traders life

<+KN-ES> told you if i quit tomorrow its tomorrow when i will think about trading last

:)

not serious at all

<+peterpanboy> hooo...

<+HK> that was cover 1/2 long 14:59

<+KN-ES> dont take trading as life and death thing 15:00

<+peterpanboy> ER try go north

<+KN-ES> it really ruins life ...........

<+peterpanboy> 736 first Resistance

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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)

<+Andy> Shorts ES @ 1374.75 «« paper »»

Covered 2/3 ES Short @ 1373 --> + 1.75 «« paper »» 15:01

<+peterpanboy> nice andy

<+rickf> nice scalp

<+Andy> thanks ppb, rickf

<+szubaark> With this huge,sudden drop they pulled off, woudnt be surprised if we just chop end of day

<+KN-ES> agree 15:02

although i still think we should see 67+- sometime today

<+szubaark> another huge whipsaw

<+Andy> Covered Remainder ES Short @ 1374.75 --> 0 «« paper »»

<+Spartan> Exited all ER2 Long @ 735.5 --> + 2 «« paper »»

<+szubaark> nice Spartan

<+peterpanboy> umh maybe ER reach my target 15:03

<+Spartan> thanks

<+HK> Long ER2 @ 735.5 -> Add «« paper »»

<+peterpanboy> very good spartan

<+rotor> Exited all ES Long @ 1375.5 --> + 2.5 «« paper »»

<+peterpanboy> Ok 736 break

<+rotor> too fast

<+Spartan> thanks peterpanboy, finally got an okay profit for the day 15:04

<+peterpanboy> Ok happy for you

<+szubaark> Exited all Long ES at 1379.50 --> + 1.5 «« paper »»

<+HK> Exited all ER2 Long @ 738.1 --> + 9.2 «« paper »»

<+szubaark> Shorts ES @ 1379.50 «« paper »»

<+KN-ES> should call it a day.........take care all........see you all tomorrow........good trading

<+szubaark> bye

<+peterpanboy> bye KN

<+KN-ES> will post the pic later.

<+Brutus_> cya kn

<+KN-ES> now if i can find it in my laptop

<+peterpanboy> wait for pic

<+KN-ES> i m working with the new com 15:05

bye for now

<+rickf> cu

<+rotor> see u

<+tzar> bye KN-ES 15:06

<T-stop> tks KN, cya

<+anglo> what about the secret?

<+tzar> lol

rouble first

<+HK> Shorts ER2 @ 737.9 «« paper »» 15:07

<+Andy> Shorts ES @ 1380.5 «« paper »» 15:08

<+KN-ES> :) 15:09

no secrets

<+Andy> Covered 3/4 ES Short @ 1379.5 --> + 1 «« paper »»

<+KN-ES> wont mind the roubles anyway........atleast success rate will be 50%

<+peterpanboy> nice andy

<+KN-ES> yes it is 15:10

<+Andy> thanks ppb, KN

<+KN-ES> good luck

<@NihabaAshi> Shorts ER2 @ 737.70 -> small size 15:12

<+Spartan> Long ER2 @ 737.8 «« paper »»

<@NihabaAshi> 1 only and will remain at 1 contract only for the remainder of the trading day due to the fact I've exceeded my profit goal for the trading day.

<+Spartan> Exited all ER2 Long @ 736.8 --> - 1 «« paper »»

<+Andy> Covered Remainder ES Short @ 1378 --> + 2.5 «« paper »» 15:13

<+Spartan> Long ER2 @ 737.8 -> small size «« paper »»

<+szubaark> Pinball type Price Action 15:15

<@NihabaAshi> Covered ER2 Short @ 737.60 --> + 0.1 15:17

<+HK> Shorts ER2 @ 737.7 -> Add «« paper »»

<+Spartan> Exited all ER2 Long @ 736.8 --> - 1 «« paper »» 15:22

<+rickf> short es 1376.75 paper sm sz

<+HK> Covered all ER2 Short @ 736.5 --> + 2.6 «« paper »»

<+Andy> vn HK

<+HK> thx 15:23

<+rickf> exit es 78.50 -1.75 paper 15:24

<+szubaark> exit stop moved to breakeven ES @ 1379.25 «« paper »»

<+Spartan> Long ER2 @ 737.3 «« paper »»

<+szubaark> Covered all Short ES at 1379.25 --> + 0.25 «« paper »» 15:25

Shorts ES @ 1380.75 «« paper »» 15:29

exit stop moved to breakeven ES @ 1380.75 «« paper »» 15:30

last try

<+Spartan> Exited all ER2 Long @ 737.9 --> + 0.6 «« paper »» 15:31

* Spartan is now known as Spartan_Away

<+szubaark> Covered all Short ES at 1380.75 --> 0 «« paper »» 15:33

Shorts ES @ 1381 «« paper »»

<+codehead> exit YM -32 <paper> 15:38

entered that paper trade and got tied up in work, never set a stop 15:39

12459 is .618 retracement of move from hod to lod

no, not hod, but last significant high before dump 15:40

<+szubaark> exit stop moved to breakeven ES @ 1381 «« paper »» 15:49

Covered all Short ES at 1379.75 --> + 1.25 «« paper »» 15:57

<+rickf> short es 1378 paper 15:59

<+Andy> go rickf!...good night all 16:00

<+rickf> lol -- thx andy

<@NihabaAshi> Take care and see all tomorrow

<+rickf> seeyou

* NihabaAshi is now known as NihabaAshi_away 16:01

<+peterpanboy> see ya tomorrow

<+T-stop> cya 16:02

<+rickf> exit es 1378 b/e paper

gn all -- see you tomorrow 16:06

<@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 16:10

<+werner> gn all 16:15

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