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#FuturesTrades June 6th Friday 2008 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+20.70	+78.40	+1787.40
$2,070	$7,840	$178,740

Eurex DAX

0500am - 0600am 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: Fri Jun 06 09:24:50 2008Session Ident: #FuturesTrades

* Now talking in #FuturesTrades 09:24

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

<tzar> gm NihabaAshi

<rickf> so formal :) 09:25

<+rickf> morning niha, all

<+tzar> lol 09:26

i got a nick autocomplete

<+rickf> hehe nice

<+tzar> just type first letter of a nick and then press tab

if you have mIRC you have it too

<PapaJon> gm all

<+rickf> nope - running a mac 09:29

<drt> gm everyone

<+tzar> ouch rickf

one day youll get a pc

one day 09:30

<+rickf> grrrrr *hugs his mac*

* sep34_away is now known as sep34

<+rickf> as an it security person i despise windows

<lumenPharmer> oil going to kill us ;(

<anglo> gm 09:31

<Flex> gm all 09:39

<+tzar> gm Flex

anglo

<HK> Covered all ER2 Short @ 756 --> + 10 «« paper »» 09:41

<+rickf> wtg

<+tzar> woah HK 09:42

awesome job

<+HK> holding from yesterday

<+tzar> huge guts

<+rickf> short es 1393 paper sm sz 09:48

exit 1/2 es 1391 +2 paper 09:51

<szubaark> nice entry rick

<+rickf> exit remainder es 1391.50 +1.5 paper 09:52

thx szu

<dragon310> Shorts NQ @ 2037 09:56

<@NihabaAshi> Shorts ER2 @ 753.70 -> large size 09:57

I screwed that one up big time... 09:58

<+szubaark> News at 10 coming up

<+tzar> what news 09:59

<+szubaark> Expecting Volatility spike soon, either Up or Down

<+dragon310> what was the news at 10? 10:01

<+szubaark> Wholesale

<+dragon310> not good? 10:02

<@NihabaAshi> Covered 2/3 ER2 Short @ 752.30 --> + 1.4

My lucky trade of the week :)

<+szubaark> what matters is how the marker "reacts"

<+tzar> nice NihabaAshi

<@NihabaAshi> I get at least 3 of them per week...haven't had one all week until now.

<+tzar> how many contracts?

<+szubaark> [09:58] <NihabaAshi> I screwed that one up big time... 10:03

can u explain..

<@NihabaAshi> 6 only...didn't fell confident going with 9

* +subq -=market profile charts for today=- http://www.charthub.com/chart/search/mpc hart 10:04

<+rickf> shorted es 1388.50 out 1386.50 +2 paper 10:05

<@NihabaAshi> szu...order was in for 753.70 when it should have been for 754.70

<+rickf> (late post)

<@NihabaAshi> Simply, I lost an entire point per contract and almost dumped it for a small loss when it tried to shake me out. 10:06

<+szubaark> Buys ES @ 1384.50 «« paper »»

<+rickf> shorted e 1385 paper

<@NihabaAshi> Covered ER2 Short @ 749.00 --> + 4.7 10:07

Holding 1 contract remainder

<+rickf> exit es 1393 +2 paper

<@NihabaAshi> My greed target is 747.40 and I didn't exit when it tested it :( 10:11

2nd error of the day all in the same trade :(

Covered Remainder ER2 Short @ 749.50 --> + 4.2 10:13

<+dragon310> Covered 1/2 NQ Short @ 2027 --> + 10 10:16

<+szubaark> nice dragon 10:17

<+rickf> wtg

<+dragon310> my traget is around 2021

if it gets there

<+szubaark> exit stop moved to breakeven ES @ 1384.50 «« paper »» 10:20

Exited all Long ES at 1386.50 --> + 2 «« paper »» 10:22

<+rickf> nice szu

base hit :)

<+szubaark> thanks

<+dragon310> Shorts ER2 @ 750.80 10:23

Covered all ER2 Short @ 750.6 --> + 0.2 10:24

Shorts ER2 @ 750.30 10:27

<+rickf> short es 1385 paper

<+szubaark> Shorts ES @ 1384 «« paper »» 10:28

<+dragon310> Covered 1/2 ER2 Short @ 750.4 --> - 0.1 10:29

opps

Covered 1/2 ER2 Short @ 749.4 --> + 0.9

<@NihabaAshi> Shorts ER2 @ 749.60 -> small size

<+rickf> exit 1/2 es 1383 +2 paper 10:30

h4

<+szubaark> nice trades rick

<+rickf> ty

<@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

<+rickf> exit remainder es 1383.50 + 1.50 paper

<+dragon310> Covered Remainder ER2 Short @ 749.8 --> + 0.5 10:32

<KN-ES> gm 10:33

<@NihabaAshi> Covered ER2 Short @ 750.60 --> - 1

<+rickf> zup kn

<+HK> Long ER2 @ 750.9 «« paper »»

<+KN-ES> hi rickf

<+Flex> morning

<+KN-ES> gm Flex 10:34

<+dragon310> Covered Remainder NQ Short @ 2028 --> - 1277.7

<+szubaark> Pinball type Price Action

<+KN-ES> :)

its already done the move.......

<+rickf> kn - thought of you this morning, did 2 nice dax scalps pre-market :)

<+KN-ES> hahaha

<+dragon310> hmm how do you switch from contract to conctract with the script?

<@NihabaAshi> Long ER2 @ 751.00 -> small size

<+KN-ES> i took out i think 122 points in dax this morning 10:35

<+rickf> if i stayed in on my first one, i'd have had like 25-30

* +rickf took like 5 and 8 or something like that and was happy :)

<+KN-ES> :)

<+tzar> daaamn KN-ES 10:37

<+KN-ES> http://thestrategylab.com/forum/index.ph p?topic=363.msg831#msg831

i have posted the chart for anglo

<+tzar> KN-ES

how was the ES play

<+KN-ES> was trading dax, didnt bother to change. 10:38

<+tzar> 122 points.. how many contracts 10:39

<+KN-ES> 8

its in the chart..all the entry and exit

<+tzar> oh damn

<+KN-ES> follow the link

<@NihabaAshi> Pin Ball Machine price action :( 10:40

volatility starting to decline too

<+tzar> nice KN-ES

<@NihabaAshi> Could get messy here soon

<+szubaark> yeah, starting to feel like Friday

<+HK> Exited ER2 Long @ 751 --> + 0.1 «« paper »» 10:41

Reverse and Enter Short ER2 @ 751 «« paper »»

<+szubaark> exit stop moved to breakeven ES @ 1384 «« paper »»

<+tzar> KN-ES did you make 50K on that trade?

<+KN-ES> you have the chart now, just calculated if you are that interested :) 10:42

<+tzar> i did calculate

just cannot comprehend

<+anglo> I made 1 rouble.

<@NihabaAshi> Exited ER2 Long @ 750.50 --> - 0.5 10:43

Shorts ER2 @ 750.30 -> medium size

<+rickf> funny -- my 2 dax trades were right in between yours, int he 6820-10 range

<+KN-ES> looks like it will be dead day for trading 10:44

:)

<+szubaark> yup, big Overnight drop and now at opening, Volatility should start to Decline shortly

<+KN-ES> well rickf, i tried to get out once then figured it out that that was a pull back, so got back in again 10:45

<+rickf> right. i was tempted to let 1 contract ride, but chickened out. still green, but left that nice drop on the table. ah well, live-n-learn 10:46

<+tzar> KN-ES, so this is a day to remember eh ?

<@NihabaAshi> Covered ER2 Short @ 750.80 --> - 0.5

<+KN-ES> thats every first friday of every month..........

i try

<+HK> Covered all ER2 Short @ 750.6 --> + 0.4 «« paper »» 10:47

<+tzar> lol

<@NihabaAshi> Long ER2 @ 751.40 -> large size

<+tzar> are you done for the day? 10:48

are you done for the day?

<+szubaark> Hopefully im not getting too greedy waiting for a WRB in this chop

<KN_ES> most likely, if i see something only then....... 10:49

<+rickf> i'm prolly done -- though spending part of today looking for "stock on sale" for my equity/option portfolio perhaps

<@NihabaAshi> Exited ER2 Long @ 751.80 --> + 0.4

:(

<+KN-ES> having trouble with mirc again

:(

<+szubaark> Covered all Short ES at 1384 --> 0 «« paper »» 10:50

<+tzar> i can se tht

how much were you looking to make?

on that dax

and was ther enews or something?

<+rickf> it moved on the 830 job numbers 10:51

<+KN-ES> it was payroll report

<+rickf> ah yeah sorry

<+KN-ES> first friday of the month 10:52

<+tzar> but it wasnt that great

<+KN-ES> its was so bad...................

<+tzar> oh

i get it

<@NihabaAshi> Long ER2 @ 752.00 -> small size

<+KN-ES> worst since 1986

<+tzar> therefore the fall

really

<+rickf> plus a lot of folks who were short covered yesterday and maybe were long into the report thinking it would be okay

so if long, thy were on the wrong side this morning 10:53

<+rep1acs> i got 40 ticks from dax from the report, but gave them all away

<+KN-ES> there was another report on oil reserve

<+rep1acs> :(

<+rickf> ok - back later, heading to the gym

<+tzar> KN-ES so is this your biggest day yet so far? 10:54

<+szubaark> Shorts ES @ 1383.25 «« paper »» 10:55

<+HK> Shorts ER2 @ 751.3 «« paper »» 10:57

<@NihabaAshi> low volatility and pin ball machine price action... 10:58

Not a good mix :(

Exited ER2 Long @ 751.30 --> - 0.7 10:59

<+dragon310> Shorts ER2 @ 750.8 11:00

<@NihabaAshi> Shorts ER2 @ 750.80 -> medium size

<+szubaark> Oil testing Intraday Highs 11:01

<werner> hi all 11:02

<+szubaark> hi werner

<@NihabaAshi> I would be very nice if the market feels sorry for me ang gives me +1 point minimum on these contracts 11:03

<+werner> hi szu

<@NihabaAshi> :)

Always a struggle in low volatility pin ball price action. 11:04

<+szubaark> exit stop moved to breakeven ES @ 1383.25 «« paper »»

<@NihabaAshi> Covered 3/4 ER2 Short @ 749.60 --> + 1.2 11:06

<+szubaark> Covered all Short ES at 1380 --> + 3.25 «« paper »» 11:07

Finally got my WRB Profit Target

<+HK> Covered all ER2 Short @ 748.9 --> + 2.4 «« paper »»

<@NihabaAshi> Covered Remainder ER2 Short @ 748.70 --> + 2.1 11:08

<+dragon310> Covered all ER2 Short @ 748.8 --> + 2 11:09

<+HK> Long ER2 @ 749.1 «« paper »» 11:10

<+KN-ES> nice trades 11:11

<+HK> Exited ER2 Long @ 749 --> - 0.1 «« paper »» 11:12

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

<@NihabaAshi> Yeah...only 3 winners today out of 7 trades but up +16 ER2 points.

<+KN-ES> cool

<@NihabaAshi> Winners had the size while losers were on smaller size along with the losses kepted to the minimum 11:13

<+szubaark> Also, did you go heavier on the reversals after a Loser?

<@NihabaAshi> Position Size Management saving my butt today 11:14

<+HK> Covered ER2 Short @ 747.8 --> + 1.2 «« paper »» 11:15

Reverse and Enter Long ER2 @ 747.8 «« paper »»

<@NihabaAshi> Back to back dark hammer lines in NQ 3min chart 11:16

weak support trying to form

<+HK> Exited ER2 Long @ 746.4 --> - 1.4 «« paper »» 11:17

Reverse and Enter Short ER2 @ 746.4 «« paper »»

<@NihabaAshi> Long ER2 @ 746.70 -> small size 11:18

Exited ER2 Long @ 748.00 --> + 1.3 11:24

<+dragon310> Shorts NQ @ 2020 11:25

<+HK> Shorts ER2 @ 747.8 -> Add «« paper »» Session Close: Fri Jun 06 11:26:23 2008

Session Start: Fri Jun 06 11:26:23 2008Session Ident: #FuturesTrades

* Disconnected 11:26

* Attempting to rejoin channel #FuturesTrades 11:27

* Rejoined channel #FuturesTrades 11:28

<@X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTra desChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrad es.htm

<@NihabaAshi_away> sorry...got disconnected

* NihabaAshi was kicked by NihabaAshi_away (NihabaAshi)

<+dragon310> wow this going to be crazy if ym breaks 12300 11:29

<+szubaark> whats the Limit Down on ES?

<+dragon310> i think 5%, 10%, 15%, 20% 11:30

Covered all NQ Short @ 2016.25 --> + 3.75 11:32

<+szubaark> nice dragon

Buys ES @ 1378 «« paper »»

<+dragon310> thk 11:33

<+szubaark> exit stop moved to breakeven ES @ 1378 «« paper »» 11:37

* NihabaAshi_away is now known as NihabaAshi 11:40

<+szubaark> Expecting Volatility spike soon, hopefully to upside, Im Lonfg 11:46

Exited all Long ES at 1381 --> + 3 «« paper »»

* szubaark is now known as szubaark_Away 11:47

<+rickf> bak

<+dragon310> Shorts YM @ 12361 11:48

<+HK> Shorts ER2 @ 750.4 -> Add «« paper »»

<@NihabaAshi> Long ER2 @ 749.70 -> small size 12:01

1 only...intuition

<KN-ES> Long ES @ 1379.50 12:02

<+KN-ES> sl 1

Exited ES Long @ 1379 --> - 0.5 12:05

Reverse and Enter Short ES @ 1379

s.l 1

* codehead_afk is now known as codehead

<@NihabaAshi> Exited ER2 Long @ 749.00 --> - 0.7 12:06

<+KN-ES> Covered 3/4 ES Short @ 1378 --> + 1 12:07

<@NihabaAshi> Long ER2 @ 749.60 -> small size 12:11