#FuturesTrades June 9th Monday 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: Mon Jun 09 09:19:41 2008Session Ident: #futurestrades
* Now	talking in #futurestrades	09:19
<@X>	[NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<tzar>	gm NihabaAshi
<Flex>	morning	09:20
<@NihabaAshi>	Good morning all
<T-stop>	gm
<+tzar>	Flex check pm
<rickf>	gm	09:21
<PapaJon>	gm all	09:22
<gary>	gm
<@NihabaAshi>	Does anybody know what time FED Bernanke speaks today about inflation at the Boston Fed conference ???
<+tzar>	hmm	09:23
	good question
<anglo>	.
<+tzar>	some time before 12: 15
<futurible>	gm all	09:25
<drt>	gm all	09:30
<+rickf>	ding dingding :)
<Awash>	good morning all
<peterpanboy>	Good morning to everyone
<+tzar>	what a big bar	09:32
	on ES
<+Awash>	Shorts ES @ 1366	09:33
	ESU8
<+rickf>	back month contract?
<+Awash>	trading the September	09:34
<+rickf>	k
<@NihabaAshi>	Long ER2 @ 740.80 -> medium size	09:38
<scottzman>	long nq at 90
<+rickf>	anyone having datafeed problems from the cme?	09:39
<+scottzman>	none here	09:40
<+peterpanboy>	none
<+rickf>	k thx
<@NihabaAshi>	Exited ER2 Long @ 739.80 --> - 1
<pat255>	gm all	09:41
<@NihabaAshi>	Shorts ER2 @ 739.40 -> medium size
<+pat255>	running late ..:(
<startrader>	I just lost all data.
<+rickf>	i have the es locked at 1365	09:42
	:(
<ItalianSharp>	good time to reboot rick
<+rickf>	lol	09:43
<+ItalianSharp>	:)
<@NihabaAshi>	I have some minor data problems too...same thing that occurred late last week with the sticky quotes involving all my systems.
	Must be my ISP considering different platforms and different charting programs are having the problem at the same time	09:44
<Splurge>	what data feed do you use Niha as I am having some delay in my feed
<@NihabaAshi>	Covered 3/4 ER2 Short @ 736.30 --> + 3.1	09:45
<+pat255>	vvn N good start
<+rickf>	grrr reboot no helping. :(	09:46
<@NihabaAshi>	Covered Remainder ER2 Short @ 734.20 --> + 5.2	09:48
<+Splurge>	lol well if lagging data makes you trade like that let me have it :)	09:50
<lumenPharmer>	wtg
<dragon310>	Long NQ @ 1668.75	09:52
<nqcruiser>	whats wreong with DAX
<+dragon310>	Long NQ @ 1968.75
<+nqcruiser>	its spiking up
<+dragon310>	Exited Remainder NQ Long @ 1976 --> + 7.25	09:54
<+tzar>	wtg dragon310
<+dragon310>	thks
<+pat255>	wow big p/b	09:56
<+dragon310>	Shorts ER2 @ 738.5	09:58
<+Flex>	great, my OEC simulator isn't updating charts, except YM, since 15:35	09:59
<+dragon310>	Covered all ER2 Short @ 739 --> - 0.5
<Nesi>	pending homes numbers coming	10:00
<+scottzman>	dow very strong so far...its gonna pull the nas up	10:01
<+PapaJon>	10:00ET U.S. APRIL PENDING HOME SALES INDEX UP 6.3%: NAR [MKW]
	Nice
<+scottzman>	i think apple announces today also...after the bell	10:02
<+tzar>	apple should be announcing iphone 2 today
	along witha new O/S i think
<+scottzman>	i phone	10:03
<+rickf>	not a new os, perhaps an update
<+tzar>	divergence on nq and ES
	oopsnm	10:04
	never mind
	charts scorlled back ... was still on an uptick on ES
<+dragon310>	Shorts ER2 @ 738.5	10:06
	Covered all ER2 Short @ 738.9 --> - 0.4	10:11
<KN-ES>	Long ES @ 1365
<+KN-ES>	s.l 2	10:12
	Exited 3/4 ES Long @ 1366.50 --> + 1.5	10:13
<+tzar>	KN-ES where you trying to get +2 on your 3/4?
<+KN-ES>	s.l 2 = 1363	10:14
	h8
<+tzar>	not talking about the s.l
<+KN-ES>	Exited 1/4 ES Long @ 1368 --> + 3
<+tzar>	talking about the 3/4 target
<+KN-ES>	h6
	yes, 1-1.5-2.0, with a 1 tick trailing	10:15
<+tzar>	ok
<+pat255>	tzar when people are in tarde pl leave them alone ..just follow
<+KN-ES>	Exited 1/4 ES Long @ 1370 --> + 5
	h5
<+pat255>	vn kn
<szubaark>	nice kn
<+KN-ES>	thanks	10:16
<+peterpanboy>	yeah good KN
<+KN-ES>	Exited 1/4 ES Long @ 1371 --> + 6
	h4
	thanks
	s.l 0.00	10:18
	=1365
	brb
	next tp 73.50	10:19
<+dragon310>	how do you change symbol quickly thru the script?	10:24
<+szubaark>	right click mouse in this window then select "Set Default Contract"	10:29
<+dragon310>	Shorts ER2 @ 742.4
	Shorts ER2 @ 741.40
	well its kinda hard when you trade multiples :))	10:30
	was just wondering if there was a shortcut key or something like that	10:37
<+KN-ES>	Exited ES Long @ 1366.75 --> + 1.75	10:41
	Reverse and Enter Short ES @ 1366.75
	s.l 2	10:42
	Covered 3/4 ES Short @ 1365.75 --> + 1	10:43
	Covered 1/4 ES Short @ 1365.25 --> + 1.5	10:46
	o 1
	h 7
<+rickf>	off to the gym - need to burn off Windows-induced anger :(
* subq	-=market profile charts for today=- http://www.charthub.com/chart/search/mpc hart	10:53
<+KN-ES>	Covered 1/4 ES Short @ 1364.75 --> + 2	10:54
	h6
	Covered ES Short @ 1366.50 --> + 0.25	11:11
	Reverse and Enter Long ES @ 1366.50
	s.l 2	11:12
<@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	11:13
<+KN-ES>	Exited ES Long @ 1366.75 --> + 0.25	11:16
	Reverse and Enter Short ES @ 1366.75
	Covered 3/4 ES Short @ 1365.75 --> + 1	11:17
<+pat255>	later guys ty all..	11:18
<+KN-ES>	Covered ES Short @ 1366.5 --> + 0.25	11:19
	Reverse and Enter Long ES @ 1366.5
	its a dead market
	s.l 2
<+szubaark>	yup	11:20
<+KN-ES>	Exited 3/4 ES Long @ 1368.50 --> + 2	11:24
	h8
	Exited 1/4 ES Long @ 1368 --> + 1.5	11:25
	h6
<pdays>	Shorts ER2 @ 739.4 «« paper »»	11:28
<+KN-ES>	Exited 1/4 ES Long @ 1369.50 --> + 3	11:33
	h5
	Exited 1/4 ES Long @ 1369 --> + 2.5	11:34
	h4
	we should have a spike in few , i guess
	few min
	i mean
	brb
<+peterpanboy>	ok will see
<+Splurge>	I have come to the conclusion that KN is the S& P market in disguise and the ES just does what he tells it to do :)	11:36
<+anglo>	no kiddind
<+Splurge>	talk about feeling the markets heartbeat ...	11:38
<Nesi2>	spike oil	11:41
<+pdays>	Covered all ER2 Short @ 738.3 --> + 1.1 «« paper »»	11:43
<+startrader>	Saudi's say demand supports oil only in the $70 range. That price point takes the wind out of alternative development. What a coincidence.	11:45
<+rickf>	bak	11:47
<+KN-ES>	Exited ES Long @ 1367.50 --> + 1	11:53
	Reverse and Enter Short ES @ 1367.50
	s.l 2
<tzar>	KN-ES are you scalping?	11:54
<+KN-ES>	Covered 3/4 ES Short @ 1366 --> + 1.5	11:55
	h8
	trying get squeeeeeze out whatever i can from this dead market	11:56
	Covered 1/4 ES Short @ 1366.50 --> + 1	11:59
	h6
	tzar....... we need to change our trading ideas as the market changes... you will have to change, dont expect the market to change for your trading ideas	12:00
<+tzar>	thats a very hard thing to do
	so far all i been able to do is avoid trading when it dont fit my style
	better then losing i guess
<+szubaark>	Like Friday, where they just kept selling, with no pullbacks LOL	12:01
<+tzar>	no kidin
<+KN-ES>	thats a good idea, trade only when the market comes to your terms..........
	i like to follow the terms market leaves on the board......	12:02
	i cange my trading.... as market changes
<+tzar>	i can see that
<+KN-ES>	if you cannt beat it, ..........(compromise)	12:03
	:)
	Covered 1/4 ES Short @ 1365 --> + 2.5
	h5	12:04
	Covered 1/4 ES Short @ 1364.50 --> + 3	12:06
	h4
	brb	12:08
<+peterpanboy>	KN brb does mean stop loss to entry level?	12:09
<+anglo>	be right back
	brb	12:10
<+peterpanboy>	oh thanks anglo
<+anglo>	yw
<Guest>	Long ER2 @ 738.3 «« paper »»	12:21
* sep34	is now known as sep34_lunch	12:29
<Brutus_>	http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={75af0 130-4d9e-44e2-9392-d35f894ecff6}	12:32
<+Brutus_>	http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={81700 fee-2640-4768-977d-e380563f6860}
	http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={5b97d 1e9-b2a9-4699-8285-abd33454d5a1}
<@NihabaAshi>	Be back later...lunch time...eating breakfast for lunch with the family :)	12:33
* NihabaAshi	is now known as NihabaAshi_away
<+KN-ES>	bbl.....have run to airport.....	12:41
<+rickf>	short es 63.25 paper	13:07
	exit es 63.25 b/e	13:09
	short 6EM9 156.38 paper	13:12
	exit 6EM9 156.13 + 25 ticks paper	13:15
	was a short usd-eur trade
<@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	13:19
<+Guest>	Long ER2 @ 735.6 -> Add «« paper »»	13:21
	Long ER2 @ 734.5 -> Add «« paper »»	13:24
<+rickf>	somebody make sure to tell bigdawg that i finally posted a currency trade, mmkay? :)
<+Splurge>	I didnt see a forex trade ? ...Did anyone else :)	13:29
<+rickf>	6EM9 = usd/euro futures contract	13:30
	not forex, fx futures
<+Splurge>	nope still didnt see it :)) lol	13:31
<+rickf>	ickf: short 6EM9 156.38 paper
	[1:14pm] rickf: exit 6EM9 156.13 + 25 ticks paper
	[1:15pm] rickf: was a short usd-eur trade	13:32
	gods i am so sick of hearing about the iphone
	hi andy	13:34
	lol
	short er2 736 sm sz paper	13:35
	exit er2 735.8 +.2 paper	13:37
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)
* sep34_lunch	is now known as sep34	13:39
<+rickf>	short es 1358.50 paper sm sz	13:43
	sorry 59.50
* NihabaAshi_away	is now known as NihabaAshi	13:44
<@NihabaAshi>	Shorts ER2 @ 735.20 -> small size	13:49
<+rickf>	exit 1/2 es 56.75 +2 paper	13:50
<+szubaark>	nice rick	13:51
<+rickf>	ty
<@NihabaAshi>	Covered 2/3 ER2 Short @ 733.00 --> + 2.2
<+Guest>	Long ER2 @ 733.6 «« paper »»
<+szubaark>	Nice Niha.	13:52
<+rickf>	exit remainder es 56.50 +3 paper	13:53
	got to prep for a conf call anyway, great timing
	profit tgt reached
<@NihabaAshi>	I got sticky data again :(
<+startrader>	Long NQ @ 1951.50	13:54
<@NihabaAshi>	Not sure if its my ISP or computer
* szubaark	is now known as szubaark_away
<+peterpanboy>	I am sorry for you my broker and signal is OK
<@NihabaAshi>	It happens a few trading days each year...	13:55
	:(
<+peterpanboy>	always have a hard stop on broker server	13:56
<@NihabaAshi>	I figure if the exchange computer cam crash 1 - 3 times per year...
	I guess its ok if my ISP or computer has problems a few times per year too :)	13:57
<+peterpanboy>	I guess more fault from ISP side
<+startrader>	Exited 1/2 NQ Long @ 1957 --> + 5.5	13:58
<+peterpanboy>	if computer have problems probably freeze
	nice starttrader
<+startrader>	ty	13:59
<+rickf>	wtg
<+Guest>	Long ER2 @ 732.6 -> Add «« paper »»	14:00
<@NihabaAshi>	Covered Remainder ER2 Short @ 732.00 --> + 3.2	14:02
	Long ER2 @ 732.10 -> small size	14:03
	2 only
<+startrader>	Exited Remainder NQ Long @ 1961.50 --> + 10	14:05
<@NihabaAshi>	contracting volatility ER2	14:08