#FuturesTrades June 10th Tuesday 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: 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
	well the quebec population wanted to seperate
	we gotta put some kind of leash on you guys
<@NihabaAshi>	Sorry...meant 1.51 and not 1.81
<+tzar>	still 20 cents above	12:30
<@NihabaAshi>	Still high though
	Yep
<+tzar>	this market is killing me
	how could anyone profit today
<@NihabaAshi>	Play the range	12:31
<+tzar>	will have to
<+silo>	Exited 1/2 ER2 Long @ 734.50 --> + 1.3 «« paper »»	12:34
<@NihabaAshi>	:)	12:38
<+anglo>	[07:47] <anglo> he who sells what isn' hisn', must buy it back or go to prisn'
<@NihabaAshi>	Take care all...time to go out into the jungle.
* NihabaAshi	is now known as NihabaAshi_away
<+rickf>	short es 1362.50 paper	12:43
<+szubaark>	Shorts ES @ 1362 «« paper »»	12:44
<+silo>	gold supporting well here	12:46
	i'm exiting if gold loses its composures
<+szubaark>	Covered all Short ES at 1362 --> 0 «« paper »»	12:51
<+rickf>	exit es short 61.50 +1 paper
	long es 62.75 paper	12:55
	exit es 62 -.75 paper	13:01
<+Brutus_>	1400 Fed's Beige Book	13:08
<+szubaark>	Buys ES @ 1362.50 «« paper »»	13:10
<+Brutus_>	sorry not today
<+szubaark>	exit stop moved to breakeven ES @ 1362.50 «« paper »»
	brutus, you had me double check LOL
<+silo>	Long ER2 @ 735.50 -> Add «« paper »»
<+rickf>	long es 62.50 paper lg sz	13:11
	exit 1/2 es 65.50 + 3 paper
<+szubaark>	Exited all Long ES at 1366.25 --> + 3.75 «« paper »»	13:12
<+silo>	Exited 1/2 ER2 Long @ 736 --> + 0.5 «« paper »»	13:13
<+rickf>	exit remainder es 1366 +3.5 paper
<+szubaark>	1366-1370 is that Chop Zone from yersturday	13:14
<+silo>	er2 at yesterday's close	13:16
	Exited Remainder ER2 Long @ 736.50 --> + 4.2 «« paper »»
	just to be safe	13:17
	top of the tick chart trendline
	we could breakout from yesterday's close range
	that will provide a big move
	but out just to be safe
<+rickf>	oil heading down again	13:19
	131.87	13:20
<+silo>	Long ER2 @ 737.10 «« paper »»	13:26
<+rickf>	long es 1365.25 paper	13:27
<+silo>	this is my greedy trade	13:28
	so tight stop
	and small size
	:)
	should get an explosive move soon i think	13:29
	if oil/gold bottoms and bounces
<+rickf>	exit 1/2 66.25 paper	13:30
	+1
	exit reaminder 65.25 breakeven	13:32
<+szubaark>	Shorts ES @ 1364 «« paper »»	13:33
	exit stop moved to breakeven ES @ 1364 «« paper »»	13:38
<+startrader>	Long NQ @ 1981.25	13:40
	Exited all NQ Long @ 1981.75 --> + 0.5	13:42
<+szubaark>	Covered all Short ES at 1364 --> 0 «« paper »»	13:44
<Bambam-77>	ss 63.5 stp 65	13:46
<+Bambam-77>	t1 @ 62 then b/e	13:54
<+startrader>	oil is getting excited about 25 ticks shy of a 50%.
<+Bambam-77>	t1 away	13:57
	63 stp
<+rickf>	short es 1362 paper	13:58
<+szubaark>	Buys ES @ 1362 «« paper »»	14:01
<+rickf>	exut es 1361.75
	gotta restart charts
<+Bambam-77>	61.25 is upper initial balance support broken now lets rock
	59.25 projected trgt for t2	14:03
	731 pos trgt er
<+startrader>	Long NQ @ 1974.75	14:04
<+Bambam-77>	t2 away 1 lot left
<inzynierek>	ty bambam for posting your nice trade
<+rickf>	damn i was set for that trade, too :(
<+Bambam-77>	57.25 come on
	lower value area at 57.5	14:05
	pos bouce	14:06
	b 57.5 contra other acct
	scalp
	61.25 stp ss	14:07
	flat contra -.75	14:08
<+rickf>	short es 1357.50 paper vl sz
<+Bambam-77>	still trailing ss
	1351.25 would be nice	14:09
<+rickf>	exit 1/2 es 1356 +1.5 paper
	exit remainder es 1357 +,5 paper	14:10
<+Bambam-77>	59.5 stp
<+rickf>	short es 1356.25 sm sz paper	14:12
	likely scalp
	exit 1/2 es 55.50 +.75 paper	14:13
<@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
<+KN-ES>	still within 69	14:14
<+rickf>	exit remainder es 55.50 +.75 paper
<+Bambam-77>	yee haa some pull the rug already stp 58
	addg to ss 57 same stp	14:16
	now drop already
	t1 away on add	14:17
	51.25 come on
<+startrader>	Long NQ @ 1968.25 -> Add	14:18
<+szubaark>	Exited all Long ES at 1355.25 --> - 6.75 «« paper »»
	Shorts ES @ 1355.25 «« paper »»	14:19
<+Bambam-77>	2 lots keft now ss 56.75 stp
	flat	14:21
	goal met done for the day	14:23
	59.5 is 38.2% rtrc	14:25
<+startrader>	Long NQ @ 1971.75 -> Add	14:32
<+KN-ES>	Long ER2	14:41
	731.40
	out 1/2 +.50	14:42
	sl .50
<+startrader>	Exited 2/3 NQ Long @ 1973.25 --> + 1.5	14:43
<+KN-ES>	out 2 732.40 +1.00	14:44
	h 2
<+pat255>	vn kn
<+KN-ES>	thanks	14:45
<+startrader>	Exited Remainder NQ Long @ 1972.25 --> - 2.5	14:47
<+szubaark>	ok,retrace done
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)
<+KN-ES>	cannt trade ES, have a short trade open	14:48
	sorry wrong window
	Long ER2	14:52
	731.20	14:53
	out 1/2 +.50
	sl .50
	out 2 733.70 +2.50	14:57
	out 1 733.20 +2.00	14:58
	h1
	out LAST 734.40 + 3.20	15:03
	LONG ER2 733.90
	FILL 734.0
	SL .5
<+tzar>	KN-ES how many contracts you take on ER?	15:04
<+KN-ES>	8
<+tzar>	cool
<+KN-ES>	now 4
	its a high risk trade
	risking 2 points and
	and.... hit 1 tick shy from sl
	hit=======================	15:05
	rev 733.5
	out 1/2 +.40	15:06
	s.l .4
<+szubaark>	tricky action all day
<+KN-ES>	rev 733.40 ( +.2)
	out 1/2 +.50
	s.l .5
	out 1 +.50	15:08
	h3
	it was a bad choice of trade to take the short.............knew what was coming.. stupid short	15:14
<+startrader>	Long NQ @ 1976.50
<+KN-ES>	all trades should have been long :)	15:15
<+szubaark>	they pulling the rug again?
<+KN-ES>	long 733.00	15:16
	out 1/2 +.50 733
	out 2 .5
	+ .5
<+startrader>	feels more like pulling the pants.
<+KN-ES>	h 2 +3	15:17
<BigDawg291>	KN, when you do those scaps on ER, how much do you use for a stop?
<+KN-ES>	long 733.00
	out all 8 .4
	+.4	15:18
	h 2 +3
	s.l 32.5
	for all
<+Splurge>	awesome trading KN	15:19
<+KN-ES>	BigDawg291 ----- i have posted the s.l i think right after i have posted the trade
	.5 most of the time
<+BigDawg291>	ok thanks	15:20
<+KN-ES>	out 2 ..... 733.2	15:21
	h 3 with .5 s.l
	hit and out
	long 732.60
<+Splurge>	Dow seems to be hurting more than the other indices for some reason
<+KN-ES>	l sz
	out 3/4 + .5	15:22
	4
	out 6
	s.l .5
	out 2 733.60 + 1.00	15:23
	h2
	out 1 734.10 + 1.50	15:24
	h1
	thanks Splurge	15:25
<+startrader>	Exited all ES Long @ 1977.75 --> + 1.25	15:28
	Shorts ES @ 1977.75	15:30
<+szubaark>	Covered all Short ES at 1361.75 --> - 6.5 «« paper »»	15:31
	Buys ES @ 1360 «« paper »»	15:35
	Shorts ES @ 1260 «« paper »»
	Shorts ES @ 1360 «« paper »»
<startrader>	Shorts ES @ 1976.25 -> Add	15:40
<+startrader>	Covered 1/2 ES Short @ 1974 --> + 2.25	15:41
<+rickf>	short dax 6788 paper	15:42
	exit dax 6787 +1 paper	15:44
<+szubaark>	end of day games	15:45
<+tzar>	startrader you there?	15:54
<+startrader>	yes,	15:57
	Covered Remainder ES Short @ 1973 --> + 4.75	15:58
	I know, it's nq, nearly took an es earlier and changed it.	15:59
<+rickf>	yow	16:00
<+tzar>	nono i got a question for yo
	what od you use as stop loss?	16:01
<+startrader>	yes,
	depends on the context and the trade. od?
<+tzar>	od?
<+startrader>	do! i get it.
<+rickf>	g'day all	16:02
<+startrader>	3 points from my last entry is preferable on nq.
<+Brutus_>	http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={7c09b 1f2-6220-441b-8f34-2d3967a095b2}	16:03
<+tzar>	i see
	what do you base your trades on? time and sales?
<+startrader>	That's like asking how much do you bet a hand of poker or blackjack.	16:04
	A large part of any edge in any game of skill lies in position size as n calls it.
<+werner>	gn all	16:06
<+tzar>	i see
	gn werner
<+startrader>	Bet $20/hand in blackjack and you have no edge, double down, splittling is the edge.
	Even playing perfect blackjack you cannot have positive expetancy without managing your position size.	16:07
	Remember rainman, one for good, two for bad!	16:08
<+szubaark>	Covered all Short ES at 1356 --> + 4 «« paper »»	16:09
<+tzar>	startrader can i pm you?	16:11
<+startrader>	Yeah, I'll be around for a bit.	16:12
<+anglo>	gn gents	16:19
<@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
* codehead	is now known as codehead_afk Session Close: Tue Jun 10 17:09:17 2008	16:20
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