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| June Trade Log | Trade Strategies | WRB Analysis Tutorials | Music While Trading | Testimonials | Disclaimer |
#FuturesTrades
June 10th Tuesday 2008 Trade Log
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Emini ES 1330pm - 1332pm est |
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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 Session Start: Tue Jun 10 00:00:00 2008Session Ident: #futurestrades <@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 01:46 * NihabaAshi_away is now known as NihabaAshi 07:43 <+tzar> hi 07:45 NihabaAshi gm <@NihabaAshi> I've open up the room for speech now :) 07:46 <Flex> morning 07:47 <+Flex> thanks <+tzar> gm NihabaAshi how come you close it up gm Flex <anglo> he who sells what isn' hisn', must buy it back or go to prisn' <+Flex> setting up the "moderated" tag, as operator <@NihabaAshi> tzar...testing a new "devoice" script <+tzar> ah i see 07:48 gm rickf 07:49 <rickf> gm al <+rickf> all <@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 08:01 <+rickf> long euro fut 155.14 paper (late post) 08:04 exit euro fut 155.20 paper + 6 ticks 08:05 paper balance of trade report 830ET 08:28 <@NihabaAshi> Another big GAP down day at the open 08:46 Be back later...gotta reboot to see if my scripts are working properly 08:47 <+tzar> gm KN-ES 08:48 <KN-ES> gm <+Flex> hallo <+tzar> do we try to close the gap today? or straight down? <+KN-ES> hello Flex i have a open short order......looking for 42.50 08:49 brb 08:52 <+rickf> shorted dax 6757.5 paper (late) 08:54 exit dax 6751.5 paper +6 paper back later 08:55 <+Flex> USDCAD 09:03 <ItalianSharp> morning all <+Flex> ciao <futurible> gm all 09:14 <+Flex> Hi <nqcruiser> simon r u here <pat255> gm allSession Close: Tue Jun 10 09:19:54 2008 09:15 Session Start: Tue Jun 10 09:19:54 2008Session Ident: #futurestrades * DisconnectedSession Close: Tue Jun 10 09:19:54 2008 09:19 Session Start: Tue Jun 10 09:30:52 2008Session Ident: #futurestrades * Now talking in #futurestrades 09:30 <@X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm <drt> gm 09:32 <ripsboy> gm all... 09:33 <@NihabaAshi> sneaky price action...very sneaky 09:35 Bernanke speaking today ??? 09:36 <PapaJon> yes 09:37 <werner> gm all <+PapaJon> Ben Bernanke Speaks! Tuesday - Jun 10, 2008 09:38 or are they just refering to yesterdays comments??? <lumenPharmer> i think they are last nights comments 09:39 <+PapaJon> reading them now.. kinda looks that way 09:40 <+tzar> Shorts NQ @ 1960 09:41 Covered all NQ Short @ 1965 --> - 5 <@NihabaAshi> Shorts ER2 @ 729.30 -> medium size 09:42 intuition only Back within that sneak price action area 09:43 <HK> Covered 1/3 ER2 Short @ 729.3 --> + 8.1 «« paper »» 09:44 <@NihabaAshi> Pin Ball Machine <szubaark> also no 10am reports to help with Volatility 09:45 <+nqcruiser> days like this one needs to go golfing 09:46 <@NihabaAshi> Covered ER2 Short @ 728.80 --> + 0.5 09:47 <+nqcruiser> long es - TOC <@NihabaAshi> Had to take that WRB pt1 because that pin ball machine price action can show up anytime to take a winner into a loser very fast <+pat255> yes especially this er beast.. 09:48 <@NihabaAshi> Long ER2 @ 730.50 -> small size <+HK> Covered 1/3 ER2 Short @ 732.3 --> + 3.1 «« paper »» 09:51 <@NihabaAshi> Exited all ER2 Long @ 731.30 --> + 0.8 09:54 <+nqcruiser> exit Es long 09:55 <@NihabaAshi> Shorts ER2 @ 730.00 -> medium size 09:56 Geeesh...this thing reversed fast...too fast for me... <+szubaark> Shorts ES @ 1353 «« paper »» 09:57 <@NihabaAshi> I was looking at an intuition trade @ 731.10 and couldn't get it... :( Looking for a Houdini Escape 09:58 <Splurge> I find myself just watching here 09:59 <+Splurge> had some signals but dont trust any yet <@NihabaAshi> Covered all ER2 Short @ 730.00 --> 0 <+tzar> nice exit NihabaAshi 10:00 <+Splurge> wd <+nqcruiser> long es <@NihabaAshi> Got greedy...tried to grab 3 ticks...couldn't get it :( <+nqcruiser> tzar lol <+tzar> lol it is nice i usualy either +-1 tick never 0 <@NihabaAshi> Yeah...I rarely get breakevens 10:01 It's either a loss or a profit...rarely a breakeven <+tzar> NihabaAshi whats a houdini escape? 10:02 <@NihabaAshi> Means I screwed up something big time with my entry that should result in a losing trade. However, if I "escape" out of the trade at a profit... I consider it a escape like the famous magician Harry Houdini 10:03 <@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 10:04 <@NihabaAshi> It can also mean that I'm too slow for the price action and I got lucky to get out with a profit after it bounce fast against into a losing open position <+nqcruiser> i am coughing heavily today 10:08 and reduce to taking price direction off "toss of coin" rather than normal str/wrb/apaor rules <+szubaark> Covered all Short ES at 1355.50 --> - 2.5 «« paper »» 10:11 Buys ES @ 1355.50 «« paper »» Volatility spike 10:13 <@NihabaAshi> Long ER2 @ 733.30 -> small size 10:14 intuition Other key markets showing strength again <+szubaark> Hopefully Ill catch a WRB PT2 10:15 exit stop moved to breakeven ES @ 1355.50 «« paper »» Exited all Long ES at 1360.50 --> + 5 «« paper »» 10:17 <+nqcruiser> what volume charts do u guys use on DAX will 250vol be ok <+HK> Covered ER2 Short @ 734 --> + 1.4 «« paper »» Reverse and Enter Long ER2 @ 734 «« paper »» <@NihabaAshi> Exited ER2 Long @ 734.70 --> + 1.4 10:18 <+pat255> vn N <@NihabaAshi> Just jumped on the band wagon after it broke through that resistance area while the volatility was still present 10:19 Shorts ER2 @ 733.50 -> medium size 10:21 Darn weak dark hammer line trying to be a hero and give ER2 some support :( 10:23 Covered all ER2 Short @ 733.40 --> + 0.1 10:25 Hammer line punks :( 10:26 Shorts ER2 @ 732.80 -> medium size 10:28 Pin Ball Machine... Too fast for me again :( 10:29 <+szubaark> Buys ES @ 1360 «« paper »» Exited all Long ES at 1358.75 --> - 1.25 «« paper »» 10:30 Shorts ES @ 1358.75 «« paper »» 10:31 <@NihabaAshi> A white hammer line a few intervals ago is now trying to be a hero and provide support for ER2 :( 10:32 <+szubaark> whipsaws back and forth 10:33 <+Splurge> what timeframe Niha? ah got it 10:34 <@NihabaAshi> 1min and 2min have a hammer line trying to play the hero role to keep this from dropping like a rock. 10:35 <+szubaark> exit stop moved to breakeven ES @ 1358.75 «« paper »» <@NihabaAshi> They shook me out once on a prior Short... I'm still here on the second Short :) <+szubaark> Volatility spike, hopefully it wont get retraced in a whipsaw 10:36 <+HK> Long ER2 @ 732.9 -> Add «« paper »» Long ER2 @ 731.7 -> Add «« paper »» 10:37 <@NihabaAshi> No hammer lines developing so far... 10:38 Hopes are high for an exit at a lower price 10:39 Covered all ER2 Short @ 732.70 --> + 0.1 :( <+szubaark> some just showed up :( <@NihabaAshi> Yeah...it moved fast after the Hammer...too fast <+szubaark> Covered all Short ES at 1356.50 --> + 2.25 «« paper »» 10:41 <@NihabaAshi> Shorts ER2 @ 732.40 -> medium size 10:42 My Short entries are like Lower Highs and all I'm catching are +0.1 tick profits after a wicked retracement back upwards :( <+szubaark> more hammer lines forming :( 10:43 <@NihabaAshi> 733.50 ---> 732.80 ---> 732.40 10:44 * [1]kitchen is now known as kitchen 10:46 <@NihabaAshi> Covered all ER2 Short @ 733.30 --> - 0.9 10:47 <Awash> good morning all 10:49 <+tzar> heya Awash <@NihabaAshi> Shorts ER2 @ 732.70 -> medium size 10:53 <Brutus_> hi awash <+Awash> howdy <+rickf> bak 10:55 <+tzar> that was a long brb rickf <+rickf> tennis does that to me <+tzar> i like tenis i suck at it and using an antique racket 10:56 but i still like it <@NihabaAshi> Unbelievable this price action right now 10:57 Hammer shows up again to take away my WRB pt1 Covered all ER2 Short @ 732.60 --> + 0.1 10:58 <+szubaark> Buys ES @ 1357.75 «« paper »» <+Flex> why did you enter right after wrb ? <@NihabaAshi> I entered before a WRB 10:59 <+szubaark> exit stop moved to breakeven ES @ 1357.75 «« paper »» Exited all Long ES at 1357.75 --> 0 «« paper »» more pinball :( 11:00 <@NihabaAshi> Yep...as expected and discussed earlier I'm expecting this price action to continue for the remainder of the trading day unless some new market news events shakes things up. 11:01 <+HK> Exited all ER2 Long @ 734.7 --> + 3.7 «« paper »» * szubaark is now known as szubaark_away 11:02 <@NihabaAshi> Their just dragnetting this tight range...catching everything within the net 11:05 Long ER2 @ 731.70 -> medium size 11:06 hammer line Their dragnetting the range again 11:13 Hammers showed up again 11:24 Another hammer line 11:29 <+rickf> short es 1355.75 paper 11:30 <@NihabaAshi> weak support area ER2 <+rickf> exit 56.75 -1 paper 11:32 short es 1355.75 paper 11:33 <@NihabaAshi> Exited all ER2 Long @ 730.80 --> - 0.9 Shorts ER2 @ 730.80 -> medium size 11:34 Covered all ER2 Short @ 729.20 --> + 1.6 11:39 <+pat255> vn <@NihabaAshi> It's not an easy trading day but I am only 1 point away from my profit goal for the day. 11:40 <+pat255> yup pin ball action ... 11:41 <@NihabaAshi> Always tough trading when the range is stuck between yesterday's afternoon trading session range. * codehead_afk is now known as codehead 11:45 <+tzar> where is oil at , anyone? 11:48 <+rickf> 134.8 <silo> Long ER2 @ 732.20 «« paper »» <+tzar> thanks <+rickf> and falling ...133.65 11:50 <+silo> Exited ER2 Long @ 731 --> - 1.2 «« paper »» 11:52 Reverse and Enter Short ER2 @ 731 «« paper »» <+rickf> short dax 6789.5 paper 11:57 exit 1/2 dax 6783 +6.5 paper 11:58 <+tzar> thats fast rickf 11:59 <+rickf> that's dax for ya <+tzar> thats 150$ per car <startrader> Long ES @ 1968 <@NihabaAshi> My spouse complained yesterday that she almost lost our 1 1/2 year old in the tall grass in the back yard yesterday. 12:00 <+rickf> lol <@NihabaAshi> We had to send the 5 year old on a rescue mission. Simply, as soon as I get my profit goal for the day... <+pat255> lol .... <+silo> time to go regulate the jungle? <@NihabaAshi> I'm done trading so that I can go cut the grass before I get in trouble. <+silo> how far are you from target 12:01 <+rickf> exit remainder dax 6787 +2.5 paper <+startrader> Long ES @ 1967.25 -> Add * szubaark_away is now known as szubaark 12:02 <+startrader> Exited all ES Long @ 1965.25 --> - 4.75 12:03 Long ES @ 1966 <@NihabaAshi> Shorts ER2 @ 729.70 -> small size 12:04 2 only <+startrader> Exited 1/2 ES Long @ 1968.75 --> + 2.75 12:05 <@NihabaAshi> Covered ER2 Short @ 730.60 --> - 0.9 12:07 <@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> Buys ES @ 1358.25 «« paper »» <+silo> Covered all ER2 Short @ 731 --> 0 «« paper »» <+startrader> Exited Remainder ES Long @ 1970.25 --> + 4.25 12:08 <+tzar> startrader 12:09 i think you mean NQ not ES 12:10 <+startrader> your right, did not change setting today, ty. <@NihabaAshi> Long ER2 @ 731.00 -> small size 2 only <+szubaark> exit stop moved to breakeven ES @ 1358.25 «« paper »» 12:11 <+startrader> oil trying to take out low. 12:12 <+Splurge> wish it would :/ 12:15 <+startrader> strong reversal on oil at 38% could rally and push down equities. <@NihabaAshi> Exited all ER2 Long @ 732.60 --> + 1.6 12:18 <+startrader> funny how they are playing this out over lucng. lunch <+szubaark> Exited all Long ES at 1360 --> + 1.75 «« paper »» 12:19 <+silo> Long ER2 @ 732.30 -> medium size «« paper »» 12:20 <+startrader> No one complained when speculator drove up housing or equity prices in their respective surges, what's the problem with doing it to oil? <+silo> Long ER2 @ 733.20 -> Add «« paper »» 12:23 <@NihabaAshi> speculator...true. However, most see Oil like they see goods sold at the grocery store. 12:24 <+silo> they were talking about a probe into energy manipulations a fweek ago <@NihabaAshi> When oil hits 2.50 per liter here in Canada (currently at 1.81 per liter)... 12:26 I told spouse we are getting some Mopeds <+tzar> 1.81 really? 12:28 its 1.31 in toronto <@NihabaAshi> You guys stealing our gas :) 12:29 <+tzar> lol <+rickf> hey we like oil sands :) <@NihabaAshi> This provincial hatred has got to stop :) <+tzar> haha
