#FuturesTrades June 5th Thursday 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: Thu Jun 05 00:00:00 2008Session Ident: #FuturesTrades
<+nqcruiser>	good mornning mates	00:24
	any1 home
<+tzar>	gu	00:47
	hi
	nqcruiser
	hi nussnougat	01:13
	hi GoodMood	01:14
<GoodMood>	hi	01:21
<@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	01:25
* codehead	is now known as codehead_afk	04:30
<anglo>	gm to all tzars, kings, and emperors. A rouble for your secrets offer expires today at noon.	07:20
<pat255>	gm all...	07:21
<+pat255>	gm Niha
<rickf>	gm	07:45
<+tzar>	hi	08:41
<lisa>	gm	08:57
<rotor>	gm )	09:09
<PapaJon>	gm allSession Close: Thu Jun 05 09:22:24 2008	09:22
	Session Start: Thu Jun 05 09:22:24 2008Session Ident: #FuturesTrades
* DisconnectedSession	Close: Thu Jun 05 09:22:24 2008
	Session Start: Thu Jun 05 09:31:29 2008Session Ident: #FuturesTrades
* Now	talking in #FuturesTrades	09:31
<@X>	[NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<Splurge>	gm	09:32
<@NihabaAshi>	Shorts ER2 @ 744.70 -> large size	09:34
<ItalianSharp>	morning all
<+anglo>	gm	09:35
<@NihabaAshi>	Covered 2/3 ER2 Short @ 743.30 --> + 1.4
	Covered Remainder ER2 Short @ 744.50 --> + 0.2	09:36
<futurible>	vn Niha
<@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	09:37
<szubaark>	Shorts ES @ 1380.25 «« paper »»
<@NihabaAshi>	Had I known it was going to retrace quickly like that...I would not have done what I did on the remainders :(
	Hindsight is great.
<T-stop>	still a nice trade
<+Splurge>	nothing like starting the day off with a winner	09:38
* Spartan_Away	is now known as Spartan	09:39
<@NihabaAshi>	Long ER2 @ 745.30 -> medium size
<+szubaark>	Covered all Short ES at 1383.25 --> - 3 «« paper »»	09:40
	:(
	Buys ES @ 1383.25 «« paper »»	09:41
<@NihabaAshi>	Exited 3/4 ER2 Long @ 746.60 --> + 1.3
	Exited Remainder ER2 Long @ 748.70 --> + 3.4	09:42
<+PapaJon>	very nice niha
<@NihabaAshi>	ECB comments killed the U.S. Dollar today :(	09:49
	It's a big deal to me because I will now delay making a large U.S. cash deposit into my Canadian bank account	09:50
	:(
<+tzar>	gm everyone	09:52
<tzar>	gm	09:54
<+T-stop>	gm	09:55
<@NihabaAshi>	Shorts ER2 @ 749.70 -> small size	09:56
<+Spartan>	Shorts ER2 @ 749.9 «« paper »»
<@NihabaAshi>	Lets see if they will start soon to sell the rally	09:57
	If not...I got no problems in reversing my position into a Long
<+szubaark>	here come the sellers	10:00
	geez, missed my exit by a Tick	10:01
<@NihabaAshi>	Big volatility spikes (downward) in the DAX	10:02
	ER2 resisting a lot :(
	Covered all ER2 Short @ 749.60 --> + 0.1
* +subq	-=market profile charts for today=- http://www.charthub.com/chart/search/mpc hart	10:03
<+Spartan>	Covered all ER2 Short @ 750.2 --> - 0.3 «« paper »»	10:04
<+PapaJon>	wow... er2 very strong today	10:07
<+tzar>	so is NQ
<@NihabaAshi>	A lot of pressure right now on trying to sell the rallies.
<werner>	gm all
<+tzar>	gm werner
<+werner>	hi tzar
<+szubaark>	Exited all Long ES at 1388.75 --> + 5.5 «« paper »»
<Flex>	hi
<+tzar>	Flex!]	10:08
<+Spartan>	nice trade szu
<+tzar>	vn szubaark
<+Flex>	hi Tzar
<+szubaark>	thanks.. had to wait for small pullback as missed my entry by a tick LOL
<+tzar>	this is strong	10:12
	where is everyone today.. very quite	10:13
<@NihabaAshi>	Long ER2 @ 755.30 -> small size	10:18
	intuition only
	2 only
<+szubaark>	Shorts ES @ 1393 «« paper »»
<+tzar>	this is amazing
<+Spartan>	seems like the longer term shorts might be getting squeezed out	10:19
<Bambam-77>	carefull ss this they set on getting 95
<+Bambam-77>	market internal are long	10:20
<+szubaark>	Bambam what u got at 95?
<+Bambam-77>	gap	10:21
<@NihabaAshi>	Exited ER2 Long @ 755.40 --> + 0.1
<+szubaark>	ok
<@NihabaAshi>	when my profit per trade starts to decline...
	Time to take a break from trading because it implies I'm "chasing" (late entries).
	Will just sit here and watch for awhile...staying on the sidelines.	10:22
<+Bambam-77>	they painting the bars to clean up
<+T-stop>	vn morning Nihaba
	nice wk
<@NihabaAshi>	:)
<+Bambam-77>	next thrust should get us there	10:23
<+szubaark>	exit stop moved to breakeven ES @ 1393 «« paper »»
	Shorts will be Scalps now	10:24
<+Bambam-77>	b er 54.7	10:25
	stp 54	10:26
<+Spartan>	Shorts ER2 @ 754.7 «« paper »»
<+Bambam-77>	trgt hod +
<lumenPharmer>	last day to hit 760 from 720 breakout, crazy stuff	10:27
<+lumenPharmer>	not sure we will make it through 757 in time, will see	10:28
<+Bambam-77>	come on now upsy daisy	10:29
<+szubaark>	yup, still feels strong
<+Spartan>	Covered all ER2 Short @ 755.7 --> - 1 «« paper »»	10:31
<+Bambam-77>	t1 away
* Spartan	is now known as Spartan_Away
<+Bambam-77>	b/e stp now 55
<+szubaark>	Covered all Short ES at 1393 --> 0 «« paper »»	10:32
	Buys ES @ 1393.25 «« paper »»
<@NihabaAshi>	Long ER2 @ 755.70 -> small size
<+Bambam-77>	we need to nail 95
<@NihabaAshi>	intuition and 2 only	10:33
	Will reduce my positon size down to 1 contract only for the remaining of the trading day if this trade gets me to my profit goal for the day.
<robert>	is there a nat gas inventory rpt. coing up?	10:34
<+robert>	comomg
<+Bambam-77>	free trade now 2 lots left
<+robert>	coming ;)
<+lumenPharmer>	7:35	10:35
<@NihabaAshi>	Natural GAP report just came out
<+robert>	thnx
<@NihabaAshi>	GAP = GAS
<+Bambam-77>	yes gap
<@NihabaAshi>	Sorry...it's delayed
<+Bambam-77>	fill report
<@NihabaAshi>	It's now out	10:36
<+tzar>	scratched a trade
<@NihabaAshi>	Increase in cubic feet
<+Splurge>	looking for a short here
<+tzar>	Long NQ @ 2048.75
	Exited all NQ Long @ 2049.25 --> + 0.5
<@NihabaAshi>	I guess its what analyst expected for the Natural GAS report
<+tzar>	NihabaAshi how often do you add to a negative position?
<+lumenPharmer>	http://www.eia.doe.gov/oil_gas/natural_g as/ngs/ngs.html nat gas inv	10:37
<+szubaark>	Exited all Long ES at 1392.25 --> - 1 «« paper »»	10:38
	Shorts ES @ 1392.25 «« paper »»
<@NihabaAshi>	[10:36] <+tzar> NihabaAshi how often do you add to a negative position?	10:39
	not often
	once every full moon :)
<+tzar>	do you see it as generally a bad idea?
<@NihabaAshi>	Lets put it this...most do it for the wrong reason.
<+Bambam-77>	agree	10:40
<@NihabaAshi>	I'll give an example of a "good reason" to add to a losing position after I close my open trade.	10:41
<+tzar>	thanks
<@NihabaAshi>	Exited ER2 Long @ 755.00 --> - 0.7	10:42
	Here's an example of Adding for the right reason to a losing position...	10:43
	First, lets say you are a trader that scales into your position...already decided upon PRIOR to trade entry.
<+tzar>	alright	10:44
<@NihabaAshi>	YOu determine your trade signal is any price within a particular price zone.
	Lets pretend you determine you want to get Long in ES anywhere between 1390 - 1394
	You want to bring a full position to 10 contracts.	10:45
	You miss your opportunity for whatever reason to get in at 1390 but start entering around 1392	10:46
	Then it drops to 1391
	You then add more contracts.
<+tzar>	ok
<@NihabaAshi>	Then it drops to 1390 and you add more but you stop there.
	My point is that MOST traders that Add to a losing position...	10:47
	It's not planned nor do they normally scale into their position
<+tzar>	what about this scenerio
<+pat255>	totally agree ..
<trendpimp>	monring all
<@NihabaAshi>	They also tend to ignore trade signals in the opposite direction
	Also, they already know what size they normally trade.	10:49
<+tzar>	actauly you just described what i had in mind using different wording
<@NihabaAshi>	They will often violate that position size management
	Simply, avergaing into a losing position can work but most don't apply the right reasons to make it work.	10:50
<+tzar>	do you add to a winning position?
<@NihabaAshi>	Only when I get a trade signal while in a open position
<+tzar>	morning trendpimp
<+rickf>	gm	10:51
<+tzar>	rickf gm
<+Bambam-77>	1tick from trgt so far
	1400.25 could be a pos secong trgt	10:52
	we getting toppy
<@NihabaAshi>	Shorts ER2 @ 755.00 -> small size	10:53
	3 only	10:54
<+trendpimp>	all out in this chop
<@NihabaAshi>	ER2 fighting hard not to decline	11:00
<+szubaark>	becoming pinball type price Action	11:02
<@NihabaAshi>	Covered ER2 Short @ 753.80 --> + 1.2	11:08
<+szubaark>	Nice Niha.
<@NihabaAshi>	I've got my profit goal for the day and will protect my profits via trading 1 contract only for the remainder of the trading day.	11:09
<+T-stop>	Nihaba since you've got your goal. Got time for a ?	11:13
<@NihabaAshi>	Yes	11:14
<+T-stop>	k
	When you start out with a couple losers like yesterday is your thinking process the same as starting with a winner	11:15
<+szubaark>	exit stop moved to breakeven ES @ 1392.25 «« paper »»	11:16
	Covered all Short ES at 1392.25 --> 0 «« paper »»	11:18
<@NihabaAshi>	T-stop...it changes slightly.	11:19
	When I get consecutive losers (happens a few times every week)...
<+T-stop>	I just tend to play more defensive, trade not to lose	11:20
	which is wroug
	wrong
<@NihabaAshi>	I will sometimes take a quick profit via exiting a winner before the goal
	Simply, I'm just looking to break the losing streak
	Once I break that losing streak...	11:21
	I become very aggressive in my trading.
<+T-stop>	I think your just such a seasoned trader it does'nt bother you
<@NihabaAshi>	Another way to look at it...I'm no longer a nice guy :)
<+T-stop>	lol
	confidence
	in your ability to come back	11:22
<+tzar>	NihabaAshi puts a samurai uniform	11:23
	and continues to trade
<+T-stop>	tks, still trying to find the right place for these emotions	11:24
<+szubaark>	you can have all the confidence you want, you still need the experience to come back LOL
<+T-stop>	that come out
<@NihabaAshi>	Yeah...it really gets into the psychological aspects of trading...
<+T-stop>	agree szu
<@NihabaAshi>	A lot of stuff many ignore because they think its "voodoo" or "mumbo jumbo".
<+T-stop>	but thats the easy part, imho
<@NihabaAshi>	I call it "trader psychology" while others may call it "market experience".	11:26
	Long ER2 @ 754.10 -> small size	11:29
	barely missed grabbing this at 753.90
<+szubaark>	Buys ES @ 1392 «« paper »»	11:31
<@NihabaAshi>	Still a stable price pullback (very shallow) in the upper range of this trend day so far.	11:34
<+T-stop>	Nihaba, tks again for your input.
<@NihabaAshi>	Longs don't have anything to worry about right now.
	However, a retest of 752 on ER2 on some volatility will cause some worry	11:35
	Meanst 751.20
	T-stop...no problem because it's important that other traders know that profitable trading has more to do with other stuff besides just an entry signal	11:38
	In the beginning of our trading careers...we spend a lot of time on entries...	11:39
	As our trading careers progresses and if lucky to still be around after several years of trading...
	We start to spend more time on ourselves as traders.
	Those that don't...its a matter of time that a big drawdown takes them out of the game	11:40
<+szubaark>	All that Psychological stuff comes next AFTER a trader understands the Price Action "stuff"	11:41
<@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	11:43
<+szubaark>	Volatility spike	11:47
	exit stop moved to breakeven ES @ 1392 «« paper »»	11:48
<@NihabaAshi>	At a profit target right now for this trade
<+szubaark>	Im waiting for a "WRB" at Target, hopefully Ill get it
<@NihabaAshi>	Exited ER2 Long @ 755.00 --> + 0.9	11:49
<+pat255>	vn N ..
<+KN-ES>	Shorts ES @ 1394	11:52
	Covered 3/4 ES Short @ 1393 --> + 1	11:53
	s.l. 2
<+tzar>	gm KN-ES	11:54
<+KN-ES>	gm
<HK>	Shorts ER2 @ 754.2 «« paper »»	11:55
<+Flex>	Hi KN	11:56
<+szubaark>	running out of steam here :(	11:57
<+KN-ES>	hello Flex	11:58
<+szubaark>	probobly just chop here at high til after lunch LOL	12:00
<+ItalianSharp>	i am really not fully bought on this uptrend, especially since european indices are not participating, which is really weird	12:01
<+lumenPharmer>	end of quarter, things will get weird ;)
<+ItalianSharp>	true	12:02
	i am just wondering when and if european indices will catch up
<+Flex>	tomorrow ?
<+ItalianSharp>	they've been hammered hard 30mins before the open
	and been sitting within a tight range since then
<+anglo>	[07:20] <anglo> gm to all tzars, kings, and emperors. A rouble for your secrets offer expires today at noon.***********EXPIRED**********	12:03
<+tzar>	lol
	dammit, just got the rouble ready	12:04
<+HK>	Shorts ER2 @ 755.4 -> Add «« paper »»
<+szubaark>	Exited all Long ES at 1395 --> + 3 «« paper »»
<+HK>	looks like it wl break 756 soon	12:23
	Shorts ER2 @ 756.1 -> Add «« paper »»	12:26
	Shorts ER2 @ 756.9 -> Add «« paper »»	12:29
	Shorts ER2 @ 757.7 -> Add «« paper »»	12:31
	Shorts ER2 @ 758.3 -> Add «« paper »»	12:32
<Bambam-77>	1400.25 on dec soon	12:33
<+Bambam-77>	762.8 for er pos trgts	12:35
<+KN-ES>	Shorts ES @ 1397.50	12:37
* codehead_afk	is now known as codehead
<+KN-ES>	s.l 99.25
<+Bambam-77>	protect longs	12:43
	trgts on dec
<+HK>	Shorts ER2 @ 759.2 -> Add «« paper »»
<+Bambam-77>	00.25 and 762.8
	next cycle should take us up	12:49
<+lumenPharmer>	ER, the 680-720 channel was 26 trading days long	12:52
	range break target was 760 (40 points)
	it took 26 trading days to hit 760 target
	lol crazy, just in time	12:53
<+Bambam-77>	do or dye for buyers lets see if we can get to 1400.25 and maybe 1407	12:56
<Brutus_>	http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={38768 e3f-aed8-404e-a73b-02bd82f4389a}	12:58
<+rickf>	long es 97.75 paper
<Andy>	thanks Brutus	12:59
<+Brutus_>	yw
<+Bambam-77>	lets see if we can go up this time res keeping us down	13:04
<+Andy>	Shorts ES @ 1398.25	13:05
<+rickf>	exit es long 98.25 +.5 paper
* +rickf	entered too late :(
<+Bambam-77>	trend still up	13:06
	to close to 1400 not to tag them at least	13:07
<+Andy>	Covered 2/3 ES Short @ 1397.25 --> + 1	13:15
<+Bambam-77>	we flat line mojo for paset 2 hrs	13:16
	range trading maybe we start to move aft 2pm	13:17
	my gut says we crank up	13:18
<+Andy>	Covered Remainder ES Short @ 1398.25 --> 0	13:20
	not time yet :)
<+Bambam-77>	buying dips is trade du yur today	13:24
<+tzar>	KNES got out of the position.. thats why the 2 point red bar
	KNES reversing	13:26
<+rickf>	long es 1397.75 paper	13:28
<+Bambam-77>	i am in scalp mode long toma hawk at the ready	13:29
<+rickf>	exit 96.75 -1 paper	13:31
<+Bambam-77>	up cycle has to give us some meat we still in chop chop	13:33
<@NihabaAshi>	Long ER2 @ 759.10 -> small size	13:38
<+Bambam-77>	well is this enough meat or do we want more...	13:44
<+szubaark>	Shorts ES @ 1398.75 «« paper »»
<+Bambam-77>	1400 come on	13:45
<@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	13:46
<KN-ES>	Shorts ES @ 1399	13:47
<+KN-ES>	Covered 3/4 ES Short @ 1397.50 --> + 1.5	13:48
<+szubaark>	exit stop moved to breakeven ES @ 1398.75 «« paper »»
<+KN-ES>	s.l 1.25
	1401.25
<+szubaark>	lots of noise here at this high, keeping it tight
<+KN-ES>	it most likely shoot up to 1404.75	13:49
	b4 come crashing donw
<+szubaark>	might need to take a breather then 1400+
<+Bambam-77>	thats what i am seeing	13:50
<+KN-ES>	i m 10% with you szu	13:51
	110%
<+Bambam-77>	up side mojo getting stronger but gut says we getting toppy
<+T-stop>	oil making a push here could come into play until pit close. but trend is definitely up. imho	13:52
<+Bambam-77>	agree for now
	6 min to 2 pm	13:54
<@NihabaAshi>	Exited ER2 Long @ 759.30 --> + 0.2	13:56
	I gave that trade a lot of breathing room to do something special...wasn't meant to be.	13:57
	Took a break from trading between 1150am - 1330pm est and missed a +5 point move
	Hopefully a big move occurs this afternoon...up or down or else I'll be pssst about returning to trading.	13:58
	Shorts ER2 @ 758.40 -> small size	14:02
<+rickf>	short es 1395.50 paper	14:05
<+KN-ES>	Covered 1/4 ES Short @ 1395 --> + 4
	h5
<@NihabaAshi>	ERE2 hasn't really drop a lot because any Pin Ball Machine prsice action can easily send it back up about 759	14:06
	Thus, until it hits 757.00
<+T-stop>	vn KN
<@NihabaAshi>	I'll continue worring about my Short
<+KN-ES>	thanks T-stop	14:07
<@NihabaAshi>	tightning up my trailing stop
<+KN-ES>	s.l 99 0.00	14:08
<+T-stop>	pretty gutsy to get ss up there
<+szubaark>	hopefully ill be able to catch 2nd WRB as a target	14:09
<@NihabaAshi>	Covered ER2 Short @ 758.30 --> + 0.1	14:12
<+rickf>	exit es 95.50 paper +0	14:13
	still looking for lower, but not likely trading it -- chop is bad	14:15
<peterpanboy>	gm to everyone	14:17
<+peterpanboy>	o better good afternoon
<+tzar>	hi peterpanboy	14:18
<+peterpanboy>	hi tzar
<+tzar>	hows trading so far peterpanboy
<+peterpanboy>	many thing to do
	dentist for example
<+tzar>	hate dentists	14:19
	drilling sucks
<+rickf>	they drill, i sleep
<+peterpanboy>	yeah but pain in ass if no doctors avaiable
	anyway my view on market is:	14:20
	south
	the last top not so strong
	so better shorting from now
<+szubaark>	Covered all Short ES at 1393.75 --> + 5 «« paper »»	14:21
<+peterpanboy>	nice szubaark
<+szubaark>	thanks
<+peterpanboy>	why cover now?
	have you fixet target?
<+KN-ES>	Covered 1/4 ES Short @ 1392 --> + 7
	h4
<+rickf>	short es from 94.75 paper	14:22
<+peterpanboy>	nice KN-ES
<+KN-ES>	thanks
<+peterpanboy>	by the way I wanna thanks KN for posting on forum
<+rickf>	exit 1/2 90.75 paper	14:23
<+peterpanboy>	the pics with market depth
<+rickf>	+4 paper	14:24
	h4
<+peterpanboy>	very good rickf
<+rickf>	exit remainder es 91.75 +3 paper
<+KN-ES>	uw peterpanboy
<+rickf>	ty
	looking lower but happy now
<+KN-ES>	nice rickf
<+HK>	Covered all ER2 Short @ 755.1 --> + 3.2 «« paper »»
<+rickf>	ty kn	14:25
<+peterpanboy>	Iwanna see if 754 ER2 is reached
<+rickf>	waiting for that one for a while
<+KN-ES>	will see 95 again	14:26
	i guess
<+HK>	Long ER2 @ 755.4 «« paper »»	14:30
<+Bambam-77>	yes pos trgt
<+peterpanboy>	umh if break 93 i can believe in KN	14:31
<@NihabaAshi>	Shorts ER2 @ 755.70 -> small size
<dragon310>	short er @ 755.3	14:32
<+peterpanboy>	fight here	14:33
<+codehead>	Ym hit low within a tick of .382 retracement
<@NihabaAshi>	I got some important software installing in the background...
<+KN-ES>	perterpanboy, i will be more than happy to be worng.........(looking for 88.25)
<@NihabaAshi>	Will have to dump this trade soon so computer can reboot
<+codehead>	i bought within a tick of low, but did an execution muff and exited with 4 ticks accidently :-/
<@NihabaAshi>	Shaouldn't have taken the trade any way due to the software installations going	14:34
<+peterpanboy>	so nihaba you exit now?
<+codehead>	however, wanted ot mention, if it takes another down, there is .500 retracement at 12465, a wave geometry target at 12462 and previous top at 12467--should be a decent cluster for a long if it gets there
<+peterpanboy>	anyway in profit
<+Flex>	if you don't need the software running, just wait to reboot until trade is done :)
<@NihabaAshi>	Still short...still waiting for system to say "must reboot"
	:)
<+peterpanboy>	ok wait nihaba	14:35
<@NihabaAshi>	Pin Ball Machine price action
<+dragon310>	cover er2 @754.40 --> -.01
<+Flex>	they always say you "need" but I always reboot pc at end of the day only. Sometimes with 2-3 installations pending for reboot :)
<+szubaark>	Shorts ES @ 1393.25 «« paper »»	14:36
<+rickf>	codehead - don' feel bad i had a 12 pt gain on a ym short end up being 2 pts because i didn't change my bracket order from ES to YM and 2pts on ES isn't the same on YM :(
<+peterpanboy>	double bottom formed
<+rickf>	was in and out of the trade in a flash :(
<+Bambam-77>	95 on dec
<@NihabaAshi>	Covered ER2 Short @ 756.60 --> - 0.9	14:37
	Reverse and Enter Long ER2 @ 756.60
<+codehead>	oic rick	14:38
<+rickf>	:)
<+codehead>	my only other trade was short Ym 4 ticks from hod--took 8 ticks when it hung around too long :-/
	there was a cluster there too a 2.000 extension, another 1.618 extension, and a wave gemoetry target	14:39
	geometry
	i'll try to remember to clal those out here when i see them--just learning to trade this way, my execution not so good yet	14:40
<@NihabaAshi>	Exited ER2 Long @ 756.70 --> + 0.1
	Be right back...gotta do a reboot
<+HK>	Exited all ER2 Long @ 756.5 --> + 1.1 «« paper »»
<+peterpanboy>	95 on ES arriving but not so strong
<+codehead>	12529 is .382 bounce (.500 at 12540, .618 at 12551)
<+peterpanboy>	95 is near on ESSession Close: Thu Jun 05 14:41:29 2008	14:41
	Session Start: Thu Jun 05 14:41:29 2008Session Ident: #FuturesTrades
* DisconnectedSession	Close: Thu Jun 05 14:41:30 2008
	Session Start: Thu Jun 05 14:52:56 2008Session Ident: #FuturesTrades
* Now	talking in #FuturesTrades	14:52
<@X>	[NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTra desChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrad es.htm
<+szubaark>	Covered all Short ES at 1396.50 --> - 3.25 «« paper »»	14:54
	Buys ES @ 1396.50 «« paper »»
<+rickf>	:9
	:(
<+szubaark>	bad timed Short, getting careless
<+HK>	Shorts ER2 @ 758.6 -> Add «« paper »»
<+KN-ES>	got to to.......take care.......see you all tomorrow afternoon.......good tradng	14:55
<+rickf>	cya
<+Brutus_>	cya kn
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)
<+szubaark>	l8r
<+HK>	Shorts ER2 @ 759.7 -> Add «« paper »»
<+codehead>	Ym hit .618 retracement within a tick	14:58
<+dragon310>	short er2 @759.7	14:59
<+codehead>	betyter bounce on ER and even ES
	better
<+HK>	Shorts ER2 @ 759.4 -> Add «« paper »»
<+peterpanboy>	sorry today I got to go take care see ya all tomorrow nice trading	15:01
<+szubaark>	bye	15:02
<+rickf>	cya
<+peterpanboy>	bye
* sep34	is now known as sep34_away
<+szubaark>	exit stop moved to breakeven ES @ 1396.75 «« paper »»
<dragon310>	Shorts ES @ 759.70	15:05
<+dragon310>	woot that was a test	15:06
	for the script
<+szubaark>	Lets see if we kiss 1400 today	15:07
<+rickf>	kiss = top wick of a single candle, knowing our luck :)	15:08
<+szubaark>	yup
<+KN-ES>	Covered all ES Short @ 1399 --> 0
	finally done	15:09
<+szubaark>	Exited all Long ES at 1400.50 --> + 4 «« paper »»
<+Bambam-77>	y
<+werner>	nice szu
<+rickf>	wtg
<+szubaark>	thanks werner..	15:10
<+HK>	Shorts ER2 @ 760.5 -> Add «« paper »»
<+rickf>	ok szu it's a looooong kiss at 1400 :)
	"will she reject him?" tune in next week, same timeperiod, same chart	15:11
<+szubaark>	[13:49] > might need to take a breather then 1400+
<+rickf>	ypu
	yup
<+szubaark>	looks like 1406 next	15:12
<+HK>	Shorts ER2 @ 761.2 -> Add «« paper »»	15:13
<+trendpimp>	cant believe no one took that long after a break of 14k es	15:18
<+szubaark>	its getting late in the day, dont want be part of their games	15:19
<@NihabaAshi>	Long ER2 @ 760.40 -> small size	15:24
<+dragon310>	Shorts NQ @ 2053	15:31
	Covered all NQ Short @ 2055 --> - 2	15:35
	pretty cool script
<+szubaark>	Niha u showing lots of patience on that Long	15:39
<+rickf>	short es 1403 sm sz	15:41
<@NihabaAshi>	Exited ER2 Long @ 760.50 --> + 0.1	15:43
	szu...patience just ran out...got tired of watching especially sitting here coughing up a storm (bad cough).	15:44
	I'm done...
<+szubaark>	yeah. I put notes to Stop trading after 3:30.. too stressful	15:45
<+rickf>	exit es 1401.50 paper +1.50
	still looking for lower	15:46
<+ItalianSharp>	buying into the close	15:51
	damn....tomorrow should be interesting
<+Bambam-77>	1407 on dec	15:52
<@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
<+szubaark>	everyone talking about tomorrow, we'll probobly chop in a 5 Point Range LOL
<+rickf>	bite. your. tongue!
<+szubaark>	thats how it usually goes
<+rickf>	i know :(
<+werner>	gn all
<+szubaark>	gn werner	15:53
<+rickf>	gn
<+HK>	Shorts ER2 @ 761.4 -> Add «« paper »»
<+rickf>	short es 1403.50 sm sz paper	15:54
	exit es 1402.50 +1 paper
<+HK>	Shorts ER2 @ 762.1 -> Add «« paper »»	15:56
	Shorts ER2 @ 762.8 -> Add «« paper »»	15:59
<+Brutus_>	http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={ddbf9 de6-b332-4292-a6dc-271ea482ac3c}	16:04
<+rickf>	done for the day -- good trading all, see you tomorrow
<+codehead>	XOM bounced .382 fib retracement of 10-day downtrend in one day--whew	16:08
<+HK>	Shorts ER2 @ 764.4 -> Add «« paper »»	16:09
	let's see if it drops tomorrow with the nfp...will hold till then	16:11
* NihabaAshi	is now known as NihabaAshi_awaySession Close: Thu Jun 05 17:21:19 2008	16:28
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