#FuturesTrades June 4th Wednesday 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: Wed Jun 04 08:03:29 2008Session Ident: #FuturesTrades
* Now	talking in #FuturesTrades	08:03
<@X>	[NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<@NihabaAshi>	Good morning all
<tzar>	Good morning NihabaAshi	08:04
<pat255>	gm N & others ...
<nqcruiser>	gm N
<+tzar>	heya anglo
<+tzar>	lol
<+tzar>	hillary is out of the race?
<+nqcruiser>	C has not conceded defeat	08:07
	and the race is still on
<rotor>	hi all
<+tzar>	hi rotor
<rickf>	gm all	08:08
<+nqcruiser>	any1 using openecry charts?
<+rickf>	yes	08:11
<KN-ES>	Shorts ES @ 1373.75
<+rickf>	adp report @ 8:15	08:14
<+KN-ES>	sl 76.25
<+rickf>	never did the oec tutorials
	myself
<+nqcruiser>	it has all needed for a 25$ price tag	08:15
<+KN-ES>	Shorts ES @ 1375.75
	v lz	08:16
<anglo>	gm
<+KN-ES>	Covered 3/4 ES Short @ 1373.25 --> + 2.5
<+nqcruiser>	world's most useless platform is NT
	when I run it it always crushes	08:17
<+rickf>	nice play kn -- wasn't liking that setup here
<+KN-ES>	Covered 1/4 ES Short @ 1373.75 --> + 2
	h 9
<+rickf>	never used NT except to backtest some ideas out of curiosity
<+KN-ES>	s.l 78.25
<+pat255>	good start kn
<+KN-ES>	brb
<+nqcruiser>	rick is exit the same as close trade on OEC	08:18
<+rickf>	on what the DOM? or the chart? or where?	08:19
<+KN-ES>	thanks pat255 ....... entered early... had to take the loss and then doubled the size and and finally it hits 78.25, its still a overall b/3
	e
<+nqcruiser>	OEC
<+KN-ES>	brb
<+nqcruiser>	i dont know DOM differences
<+rickf>	"exit" will dump you out of the pos at market
<+nqcruiser>	brb - restarring
<nqcruiser>	ok finally NT running	08:25
<+rickf>	nq - on OEC Trader, "exit" will dump you out of the pos at market	08:26
	no idea what it does on NT
<+nqcruiser>	Well makes no sense to re-invent the wheel by OEC hs'q	08:27
	they could have called it close
<+rickf>	maybe thy're being 'user friendly'
	for those who dont know what they're doing and need to exit in a panic?	08:28
<@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	08:49
<+rickf>	short es 1373 paper	08:50
	wzp emini -- been a while!	08:52
<+tzar>	lol
	rickf what did you do
* Moogie2	is now known as Moogie
<+rickf>	heh
	exit es 1372.25 +.75 paper	08:56
<+nqcruiser>	wtg rick	09:01
	is that on OEC demo
<+rickf>	for paper trading yes, oec demo	09:02
<+tzar>	nice 11 point gap on NQ	09:05
<scottzman>	65/66 next for es	09:06
<+scottzman>	good trading to all...this is my first day here...	09:07
<+rickf>	short es 1371.50 paper
	welcome scottz	09:08
<+tzar>	heya scottzman
	welcome
<+scottzman>	actually next support I have is at 67	09:09
<+nqcruiser>	how do I refresh Ninja charts	09:11
<trendpimp>	goodmorning all	09:12
<+rickf>	exit es 72.50 paper -1
<+tzar>	morning trendpimp
<ItalianSharp>	morning all	09:14
<futurible>	gm all
<Andy>	Shorts NQ @ 1989.5 «« paper »»	09:17
* Flex_away	is now known as Flex	09:18
<Flex>	goodmorning	09:19
<+Andy>	Covered all NQ Short @ 1990 --> + 4940.5 «« paper »»	09:20
	hmmmm
	looks like I've made my profit for the day :)
<+tzar>	nice Andy ;)
<+rickf>	nice hehe
<+Andy>	tzar and rickf, I'd talk more but I'm on the line with a yacht broker...	09:21
<Widgetman>	hehe
<+tzar>	haha
<+rickf>	i'd like an ocean view for my cabin, pls
<+Andy>	you got it
<+tzar>	make sure it got a heli pad
<+trendpimp>	n playboy girls sitting on the endless swimming pool overloooking the ocean	09:22
<+tzar>	i gotta get ready, got an interview in 37 min	09:23
<+rickf>	interview?
<+tzar>	for a job
<+rickf>	ah good luck then
<+tzar>	thanks
	what did you think it was	09:24
<+rickf>	interview - job, school, news, whatever/whoever
<+tzar>	i see
<+rickf>	:)
<+Widgetman>	k	09:25
<drt>	gm everyone	09:29
<PapaJon>	gm all	09:32
<+scottzman>	73.50 holds could get pop for gap fill	09:33
<+rickf>	long es 74.25 paper (late post)	09:38
<@NihabaAshi>	volatility a little better than yesterday :)
<+scottzman>	on the nq if the lows hold we shud see 2012
<+rickf>	exit 1/2 es 76.25 paper +2 paper
	h4
	exit remainder es 1376.50 +2.25 paper	09:39
* Spartan_Away	is now known as Spartan	09:40
<+rickf>	short es 1378.25 paper	09:47
<szubaark>	Shorts ES @ 1380.50 «« paper »»	09:49
<+rickf>	short es 1381 (add) paper	09:50
	exit 2/3 es short 1380.25 b/e	09:51
	h4
<+Andy>	Shorts NQ @ 1380.75
	es	09:52
	Covered all NQ Short @ 1379.5 --> + 1.25	09:53
<+rickf>	exit remainder es 1379 +1.50 paper	09:54
	whew
<+szubaark>	rick, trading 2 contracts now?	09:55
<+rickf>	flat now
	oh -- no, that was "two-thirds"
<+szubaark>	exit stop moved to breakeven ES @ 1380.50 «« paper »»
<+trendpimp>	long 2006 NQ	09:56
<+Spartan>	Long ER2 @ 737.7 -> small size «« paper »»	09:58
<+szubaark>	Covered all Short ES at 1378.50 --> + 2 «« paper »»	09:59
<+rickf>	vn	10:00
<+szubaark>	th
<+Spartan>	Exited all ER2 Long @ 739 --> + 1.3 «« paper »»
<pdays>	Shorts YM @ 12417	10:03
<+nqcruiser>	how do I tile OEC charts	10:04
	there seems to be no tile button
<+rickf>	tile? dunno.....you can set up multiple charts as tabs file--newtab
	ahhh - rt click on the tab, click 'undock' and it can be moved anywhereon the screen	10:05
* +subq	-=market profile charts for today=- http://www.charthub.com/chart/search/mpc hart
<+szubaark>	Shorts ES @ 1377 «« paper »»	10:08
<+scottzman>	wouldnt short es till we lose 77 and hold below that	10:09
<+Spartan>	Long ER2 @ 738.3 «« paper »»	10:10
<@NihabaAshi>	Market stuck in mud right now	10:13
<+trendpimp>	most likely bnreaking up
<pat255>	y,,,,
<+trendpimp>	huge green tape
<Splurge>	ok hands up - which one of you guys has just ran off with the markets volatility?	10:15
<+Splurge>	zzzz
<+rickf>	think it was andy on his new yacht
<+Spartan>	Exited all ER2 Long @ 737.3 --> - 1 «« paper »»
<+Splurge>	hmm sunk without a trace then	10:16
<@NihabaAshi>	Hopefully the 1030am EIA Petroleum Status Report pre price action around 1020am est will start showing some increasing volatility	10:17
<+szubaark>	Covered all Short ES at 1379 --> - 2 «« paper »»	10:18
<+pdays>	Covered all YM Short @ 12411 --> + 6
<+szubaark>	Buys ES @ 1379 «« paper »»
<+Spartan>	1378.50
	Long ES @ 1378.50 «« paper »»	10:19
<+trendpimp>	adding at 2011 nq
<+scottzman>	nq hit my target at 2012	10:22
<+szubaark>	NQ strong	10:26
<+scottzman>	2025 next
<+Spartan>	Exited all ES Long @ 1381 --> + 2.5 «« paper »»	10:27
<+szubaark>	exit stop moved to breakeven ES @ 1379 «« paper »»
<+trendpimp>	exit 2016.5
<+Andy>	vn trend
<+trendpimp>	exiting remainder ar 2017, +11.5
<+tzar>	very nice trendpimp	10:28
<+trendpimp>	thanks tzar
	pure momentum play
<+szubaark>	nice trade
<+trendpimp>	cant go against all those 100s of green contract on tape, lol
<+nqcruiser>	seems like oil report will be bullish	10:29
	or US bearis
<+tzar>	1030
	here we go
<+nqcruiser>	DOM showing 1.5:1 on ask side
<+Spartan>	Long ER2 @ 739.8 «« paper »»	10:31
<+scottzman>	report delayed till 1035	10:32
<+tzar>	why
<@NihabaAshi>	1030am report delayed ???
<rep1acs>	its 1035 in my calendar	10:33
<@NihabaAshi>	Ahhh...ok
<+pat255>	10:35 EST according to something said in cnbc a while ago)
<@NihabaAshi>	That explains the sudden volatility contraction
<+Spartan>	Exited all ER2 Long @ 738.8 --> - 1 «« paper »»	10:35
<+szubaark>	Exited all Long ES at 1379 --> 0 «« paper »»
	Buys ES @ 1382 «« paper »»	10:37
<+Spartan>	Long ER2 @ 740 «« paper »»	10:38
	Exited all ER2 Long @ 739 --> - 1 «« paper »»
* Spartan	is now known as Spartan_Away
<@NihabaAshi>	Long ER2 @ 739.40 -> medium size
	intuition	10:39
<+trendpimp>	distributing, trend failing
<+Spartan_Away>	too many frickin tails on the er2
<+trendpimp>	big reds commign in	10:40
<@NihabaAshi>	Pin Ball Machine...gets spooky sometimes
	Exited ER2 Long @ 738.70 --> - 0.7	10:41
<+szubaark>	Exited all Long ES at 1379 --> - 3 «« paper »»
	Shorts ES @ 1379 «« paper »»
<@NihabaAshi>	Shorts ER2 @ 739.00 -> medium size	10:42
<+szubaark>	tough action if you Long OR Short	10:44
<@NihabaAshi>	I got the price direction correct but I'm not profiting :(
<+trendpimp>	quick scalp - 2016Long
<@NihabaAshi>	Covered ER2 Short @ 740.00 --> - 1	10:45
<+trendpimp>	2018 out
	+2
<+tzar>	nice pimp
<@NihabaAshi>	should be reversals instead of all out
<+trendpimp>	trend is weakened, but still intact at the moment	10:46
<+szubaark>	yup, reversing til you catch the breakout and hopefully not take too many hits in the meantime
<@NihabaAshi>	Shorts ER2 @ 740.10 -> medium size
<+Spartan_Away>	Long ES @ 1381.25 «« paper »»	10:47
	one more time
<@NihabaAshi>	Covered ER2 Short @ 740.00 --> + 0.1	10:49
<+szubaark>	whipsaws back and forth
<@NihabaAshi>	Long ER2 @ 740.10 -> medium size
<+trendpimp>	2018Long
	out 2021, +3	10:51
<+tzar>	nice pimp
<+trendpimp>	thanks
<+tzar>	wanted to take it with you
	didnt get filled :(
<+trendpimp>	only had 1ct anyways unforunetly, lol	10:52
<+tzar>	how many you trade usualy
<+trendpimp>	2-5 ct non scalps, 1-2 scalps
<+tzar>	nice
	you been trading long?
<+trendpimp>	average, almost 1.5 yrs FT	10:53
<+Spartan_Away>	Exited all ES Long @ 1384 --> + 2.75 «« paper »»
<@NihabaAshi>	Exited 3/4 ER2 Long @ 743.10 --> + 3
<+tzar>	cool
<T-stop>	vn
<+trendpimp>	copuldve held to 26, lol.. damnit, o well
<+tzar>	you must be up nicely today ;)	10:54
<+trendpimp>	almost 1k w/o comm. so doing ok so far
<@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	10:55
<+trendpimp>	double top from yesterday at 2029	10:57
<+tzar>	well break it	11:00
<+trendpimp>	2029 short, scalp
<+tzar>	strong up trand
<+trendpimp>	2028.5, didnt work as i thought, +.5	11:02
<+tzar>	too strong
	shorting is foolish right now
	Shorts NQ @ 2029.25
<+szubaark>	lol	11:03
<+trendpimp>	lol
<+tzar>	Covered all NQ Short @ 2028.75 --> + 0.5
	lol
	just posting previos trade
	lol
<+trendpimp>	more selling comming in
<@NihabaAshi>	Exited Remainder ER2 Long @ 744.20 --> + 4.1
<+tzar>	woah niha	11:04
	excellent job
<@NihabaAshi>	I want to stay Long but I got spooked (fear)
<+pat255>	vn N ...great trade ..
<@NihabaAshi>	Hopefully it drops a little further and gives me a re-entry at a lower price.
<+trendpimp>	yea, alot more selling than previous
<+tzar>	trendpimp, what do you use for stops and targets usually	11:05
<+trendpimp>	i use pure s/r for targets and stops
<@NihabaAshi>	That earlier Pin Ball Machine price action via the Economic report "delay" was very tricky	11:06
<+szubaark>	this is just another of those creeper type price action	11:08
<+trendpimp>	31.25 stop order waiting
<+tzar>	for a short?	11:09
<+trendpimp>	buystop
	out 34
<+tzar>	nice	11:10
<+trendpimp>	probably move another 10 points without me, lol
<+tzar>	take it again then	11:11