#FuturesTrades June 13th Friday 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: Fri Jun 13 08:20:50 2008 Session Ident: #futurestrades
* Now	talking in #futurestrades	08:20
<@X>	[NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<rickf>	gm niha
<@NihabaAshi>	Good morning all	08:22
<Flex>	gm
<pat255>	gm N..
<@NihabaAshi>	I won't be trading today but I will log the trades and conversation as usual while I'm not here.	08:23
	I decided at the last minute to take a 3 day weekend
<+pat255>	have a good one N ...	08:24
* NihabaAshi	is now known as Nihaba_vacation	08:25
<KN-ES>	Long ES @ 1346	08:29
<+KN-ES>	s.l 1.25
	Exited 3/4 ES Long @ 1347 --> + 1	08:30
	Shorts ES @ 1344
	Covered 3/4 ES Short @ 1343 --> + 1
	s.l 1.25
	Covered ES Short @ 1344 --> 0	08:31
	Reverse and Enter Long ES @ 1344
	Exited 3/4 ES Long @ 1345 --> + 1
<Nesi>	good morning
<+KN-ES>	gm
	Nesi
	Exited 1/4 ES Long @ 1348 --> + 4	08:32
<T-stop>	nice wk KN
<+KN-ES>	h7
	Exited 1/4 ES Long @ 1349 --> + 5	08:33
	h5
	thanks
	s.l 44 0.00	08:35
<+rickf>	so cpi is up more than expected, and the futs like it? weird
<+KN-ES>	:)
	it will drop but will take a little time	08:36
<Rooky>	well core was in line
<+Rooky>	if core was higher
<+KN-ES>	DAX droppex 430+ so far
<+Rooky>	probably would have sold off
<+rickf>	that whole core-noncore is such a sham
<+Rooky>	yah
<+rickf>	tell me what good are the #s if you exclude food and fuel
<+Rooky>	but gotta go with what market watches
	well core cpi should be renamed to CHI
	cold and hungy index	08:37
<+KN-ES>	:)
<+rickf>	HAHA
	btw happy friday the 13th	08:38
<+Nesi>	thx jason
<+KN-ES>	Exited 1/4 ES Long @ 1351 --> + 7	08:39
	h3
	Exited 1/4 ES Long @ 1352 --> + 8	08:41
	h2
<+pat255>	vn start kn	08:42
<+KN-ES>	thanks
<+pat255>	kn entry was this am?	08:44
<+KN-ES>	15 min back
	i guess
<+pat255>	k ty ...see that now ..	08:45
<nqcruiser>	Guten morgen mates
<+nqcruiser>	Drazwichie druzia
<+rickf>	gm	08:46
<@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
<+nqcruiser>	folks how do I get DAX on esignal	08:49
<+rickf>	long dax 6717 paper	08:50
<+KN-ES>	Dax shuould have some up run...........after that huge 400+ drop need some retraement
<rep1acs>	400pts drop?	08:51
<+rep1acs>	since when?
<+KN-ES>	looks like going down hill......	08:58
	brb
<+nqcruiser>	Kn r u sure u see DAx	08:59
	i took a long on euro from 15	09:00
	is any1 aware which charts i should subscribe to for DAX on esignal	09:02
<+rickf>	exit dax 6722 paper +5	09:12
* sep34_away	is now known as sep34	09:23
<Brutus_>	for dax you need Eurex $15month + 25 futures add on / month	09:24
<+tzar>	gm everyone	09:25
<PapaJon>	gm all	09:27
<anglo>	gm
<drt>	gm everyone	09:29
<futurible>	GM ALL
<+Nesi>	good trading all
<+rickf>	long YM 12215 paper	09:32
<+Spartan_Away>	Long ER2 @ 728 «« paper »»
<+rickf>	exit YM 12228 + 13 paper	09:33
<+Spartan_Away>	Exited all ER2 Long @ 727 --> - 1 «« paper »»
	Shorts ER2 @ 726.8 «« paper »»	09:34
* Spartan_Away	is now known as Spartan
<+anglo>	does anyone know if multicharts can generate orders for auto execution?
<+KN-ES>	-yes it does	09:35
<+anglo>	to any broker?
<+KN-ES>	IB built in	09:36
<+anglo>	ty KN	09:37
<szubaark>	Shorts ES @ 1348.25 «« paper »»
<HK>	Shorts ER2 @ 728.1 «« paper »»	09:38
<+Spartan>	Covered ER2 Short @ 727.9 --> - 1.1 «« paper »»
	Reverse and Enter Long ER2 @ 727.9 «« paper »»
<+HK>	Shorts ER2 @ 727.3 -> Add «« paper »»	09:40
<+Spartan>	Exited all ER2 Long @ 726.8 --> - 1.1 «« paper »»
	:(
<+szubaark>	yeah whipsaws
<+rickf>	choppy	09:41
<+Spartan>	Shorts ER2 @ 726.6 «« paper »»
<+szubaark>	exit stop moved to breakeven ES @ 1348.25 «« paper »»	09:43
<+rickf>	short es 45.75 paper	09:44
<+HK>	Covered 1/2 ER2 Short @ 725.1 --> + 2.2 «« paper »»
<werner>	gm all	09:45
<+rickf>	exit es 44.75 +1 paper	09:46
<+szubaark>	Covered all Short ES at 1345.25 --> + 3 «« paper »»	09:48
<+HK>	Covered Remainder ER2 Short @ 724.1 --> + 4 «« paper »»
<+KN-ES>	Long ES @ 1344.50	09:51
	s.l 1.5
	Exited 3/4 ES Long @ 1346.50 --> + 2	09:52
<nqcruiser>	KN's magic
<+nqcruiser>	wtg mate
<+szubaark>	10am Consumer Sentiment	09:55
* subq	-=market profile charts for today=- http://www.charthub.com/chart/search/mpc hart
<+KN-ES>	Exited 1/4 ES Long @ 1347.50 --> + 3	09:57
	h7
<+Spartan>	Covered all ER2 Short @ 726.6 --> 0 «« paper »»
* Spartan	is now known as Spartan_Away
<+KN-ES>	Exited 1/4 ES Long @ 1348.50 --> + 4	09:58
	h5
<silo>	Long ER2 @ 727.50 «« paper »»
<+KN-ES>	Exited 3/4 ES Long @ 1350.50 --> + 6
	h3
<+szubaark>	Buys ES @ 1351.50 «« paper »»	10:01
	exit stop moved to breakeven ES @ 1351.50 «« paper »»	10:03
<+KN-ES>	Exited 1/4 ES Long @ 1353.50 --> + 9
	h2
<+szubaark>	Exited all Long ES at 1354.50 --> + 3 «« paper »»	10:04
<Andy>	vn KN
<+Andy>	vn szu
<+KN-ES>	Exited 1/4 ES Long @ 1358.50 --> + 14	10:05
	h1
	thnanks
	thanks
<+silo>	Exited all ER2 Long @ 730.30 --> + 2.8 «« paper »»
<+nqcruiser>	dont get greedy mate
<+szubaark>	thanks.. a lot better Price Action then last 3 days
<+KN-ES>	u r right....... s.l. 1349.50 + 5.00	10:06
	brb	10:07
<+nqcruiser>	Kn king of wallstrreet	10:08
	my charts r down
	i suspect is low internet speed
<+rep1acs>	i'm trading in fear :( missed a golden setup	10:12
<+rickf>	i missed that nice pop on the ym myself just now :(
<+KN-ES>	what is ur golden setup rep1ace?
	:)
<+rep1acs>	lol	10:14
<+silo>	Long ER2 @ 729.80 -> small size «« paper »»
<+rep1acs>	was watching the dax a few mins ago, saw decent vol buying 35	10:15
<+rickf>	long ym 12281 paper
<+rep1acs>	wanted to go long but scared :D
<+rickf>	exit ym 12294 +14 paper
<+KN-ES>	rep1ces, do what i do all the time
	close ur eyes and click	10:16
<+tzar>	lol
	make sure you click the right button though
	with eyes closed you might go opposite of what you wanted
<+rep1acs>	cuz over the past few days i traded well during the first hours and started losing money after that
<+KN-ES>	its always 50% luck
<+rep1acs>	i had a good open today that's why im scared lol
<+anglo>	I will pay you a rouble tomorrow for a hamburger...errr...secret today.	10:17
<+tzar>	you guys trading U or M contracts
<+rickf>	U
<+tzar>	hmm my charts dont work
	who to blame... hm..	10:18
* jsbach	short ES @ 1358.50
<+silo>	Long ER2 @ 730.50 -> Add «« paper »»
<+nqcruiser>	my m CHARTS FAILED	10:19
<+jsbach>	nqcruiser: using metastock?
<+tzar>	i wasnt conencted tahts why
<+silo>	nq uses openEcry's chart
<+rickf>	oec working fine for me	10:20
<+nqcruiser>	ENSIGN
<+silo>	rickf.... you use openecry ..... when was the last time they went down?
	i'm interested in joining	10:21
	:)
<+rickf>	down hard ... few months ago the charts/data would lock for a min or two
	no problems since -- maybe 1 minor freeze since then but nothing to kill me
	the demo servers do tend to be a tad slower than the live ones, since they let anyone trade there	10:22
<+silo>	the demo is still a tiny bit faster than tradesation :)
	do you remember which month they went down hard?
	like in 2007 right>	10:23
	?
<+rickf>	i think it was march -- there is an ET thread about it
<+silo>	hm k
<+rickf>	right about the time i signed up, too
<+silo>	Exited 1/2 ER2 Long @ 730.30 --> - 0.2 «« paper »»
	do you have a backup broker?	10:24
<+rickf>	optionsxpress does futures but i went to oec because oxps paltform sucked for intraday
<+KN-ES>	tp 63.50 +/- ......... s.l 54.50 + 10.00
	brb	10:25
<+T-stop>	nice wk
<+KN-ES>	thanks
<+szubaark>	Shorts ES @ 1359 «« paper »»	10:28
<+silo>	Exited all ER2 Long @ 730.70 --> + 0.9 «« paper »»	10:29
<+szubaark>	nice silo
<+silo>	that was a greedy trade
	but looks like it might go down
<+KN-ES>	it will get to 56 again	10:32
	i guess
<+silo>	Shorts ER2 @ 729.60 «« paper »»	10:35
<nqcruiser>	can some1 gimme the demo key for Ninja
<+silo>	Shorts ER2 @ 729.20 -> Add «« paper »»	10:36
<+szubaark>	Covered all Short ES at 1356 --> + 3 «« paper »»	10:40
<+jsbach>	my target for ES is 1324.25
	anyone have a similar projection?	10:41
<+silo>	Covered all ER2 Short @ 7230 --> - 13001.2 «« paper »»	10:50
	oops
<+KN-ES>	thats huge Silo
<+silo>	lol
	i'm broke for 3 consecutive life times	10:51
	lol
<+KN-ES>	:)	10:52
<@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
<+silo>	ah rick.	10:55
	i just read the thread about openEcry
	yeah i read that a while back
	that's the one i read about
	and since then thye've been pretty good i hear	10:56
	i called openEcry as well
<+KN-ES>	hit and out
<+silo>	and they admitted to this probem
<+KN-ES>	Exited Remainder ES Long @ 1354.50 --> + 10
<+silo>	and said that they have fixed it and since then they have not had the same issue again
<+rep1acs>	i have an acct with them but via amp ib
<+rickf>	silo.....so far so good with them.ok guys back in a bit
<+KN-ES>	Long ES @ 1354	10:57
	s.l 1.25
	Exited 3/4 ES Long @ 1355.50 --> + 1.5	10:59
	Exited 1/4 ES Long @ 1355 --> + 1
	h7
	Exited 1/4 ES Long @ 1357 --> + 3	11:00
	h5
<+szubaark>	Buys ES @ 1357 «« paper »»
<+jsbach>	1357? hmm	11:04
<Nesi>	he is trading sept	11:05
<+jsbach>	gotcha
<+szubaark>	stuck in the mud again	11:10
<+jsbach>	Nesi, i'm new to trading, is it okay that I am trading june? or are there risks/negatives associated with that
	(ES)
<+Nesi>	i see more vol in sept	11:11
<+KN-ES>	yes
	vol shifted to sep mostly on yestereday
<+jsbach>	i am short june at 1358.50...wondering if I can exit june and re-enter my position in the Sept contract	11:14
<+szubaark>	exit stop moved to breakeven ES @ 1357 «« paper »»
<+KN-ES>	Exited 1/4 ES Long @ 1358 --> + 4	11:15
	h4
<+jsbach>	nice one KN-ES
<+szubaark>	Exited all Long ES at 1357 --> 0 «« paper »»
<+T-stop>	man choppy out there	11:16
<+szubaark>	This has been "The Chop from Hell" Week
<+KN-ES>	thanks
* szubaark	is now known as szubaark_away	11:17
<pat12>	kn do u have charts on the link uposted couple of days ago ..?	11:19
<+pat12>	wil read tonite ...was busy last 2 dyas at the office	11:20
<+KN-ES>	pat12 -- you will have to lon on to see the chart in the post	11:21
	if u dont, then u will just see the txt
<+pat12>	k ...will log on ..ty	11:22
<+KN-ES>	uw
<+pat12>	what tf uuse for setups..if u have a moment