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#FuturesTrades June 17th Tuesday 2008 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+16.40	+177.60	+1886.60
$1,640	$17,760	$188,660

Emini NQ

1456pm - 1457pm 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: Tue Jun 17 09:39:37 2008Session Ident: #futurestrades

* Now talking in #futurestrades 09:39

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

<lumenPharmer> i guess sell the news, would like a bounce to short 09:42

<KN-ES> hello Andy

<+KN-ES> gm all

<Andy> gm KN, all

<+lumenPharmer> gm all

<+KN-ES> long time, Andy

<trendpimp> mornng all, any news today?

<+Andy> yah

<peterpanboy> good morning all

<+Andy> good to be back 09:43

<+KN-ES> wb

nice to have u back

<+Andy> thanks

<ItalianSharp> hi andy welcome back

<futurible> welcome Andy

<+Andy> thanks futurible 09:44

<silo> Shorts ER2 @ 738.40 «« paper »»

<@NihabaAshi> Long ER2 @ 737.80 -> medium size 09:52

intuition

<Pepe> gm all 09:53

<+silo> Covered all ER2 Short @ 738.40 --> 0 «« paper »»

<@NihabaAshi> Exited ER2 Long @ 737.90 --> + 0.1 09:56

<Spartan> Shorts ES @ 1365 «« paper »»

<pat255> one more report @ 10 09:57

<Nesi> i think there is a report in two minutes 09:58

<+Nesi> oops

sorry pat

<+pat255> np

<+peterpanboy> nihaba do you trade september contract now? 09:59

<@NihabaAshi> Long ER2 @ 738.60 -> medium size

<+KN-ES> Long ES @ 1365.50 10:01

S.L 1

<+silo> Long ER2 @ 739.30 «« paper »»

<+Spartan> Covered all ES Short @ 1366.50 --> - 1.5 «« paper »» 10:02

<+pat255> Federal Reserve auctions $75 billion in loans to banks to ease credit stresses 10:03

<+silo> Long ER2 @ 739.40 -> Add «« paper »» 10:04

<+KN-ES> Exited 3/4 ES Long @ 1366.50 --> + 1 10:06

<@NihabaAshi> Exited all ER2 Long @ 739.50 --> + 0.9

<+Spartan> Shorts ES @ 1365.25 «« paper »» 10:07

<+KN-ES> Shorts ES @ 1364.50 10:09

S.L 1

Covered 3/4 ES Short @ 1363.50 --> + 1 10:10

<+silo> Long ER2 @ 738.20 -> Add «« paper »»

<+peterpanboy> sorry KN when do you close the remainer on first long? 10:13

or I have to assume when stop is hit you close and ho short ? thanks 10:14

<+KN-ES> s.l. hit

<jsbach> I am looking @ 54 as a pivot for ES

<+peterpanboy> thanks KN 10:16

<+KN-ES> UW 10:17

<@NihabaAshi> Trying to figure out why ER2 hasn't dropped like a rock 10:19

<szubaark> NQ?

<+szubaark> NQ testing intraday highs, ES,ER2 Waiting 10:20

<anglo> options maybe.

<@NihabaAshi> Shorts ER2 @ 738.50 -> medium size 10:22

<+KN-ES> add 1363.50 Large

<@NihabaAshi> intuition and volatility is painfully low

<+szubaark> Exited all Long ES at 1363 --> - 6 «« paper »»

Shorts ES @ 1363 «« paper »»

<+KN-ES> Covered 3/4 ES Short @ 1362 --> + 2.5 10:23

<+Andy> vn KN

<+KN-ES> h9

thanks

Covered 2 ES Short @ 1361.50 --> + 3 10:24

<@NihabaAshi> Covered ER2 Short @ 737.40 --> + 1.1 10:25

Holding 1 contract remainder

<@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 10:26

<@NihabaAshi> weak support area ER2 10:29

Covered Remainder ER2 Short @ 737.00 --> + 1.5 10:31

<+KN-ES> Covered 1 ES Short @ 1361 --> + 3.5

<@NihabaAshi> wanted a bigger WRB for that exit but the weak support level that formed didn't allow for such :(

<Bambam-77> open range is 1369 x 1360.75 10:32

<+Spartan> Covered all ES Short @ 1361.25 --> + 4 «« paper »»

<+Bambam-77> pos range bound day 10:33

<@NihabaAshi> Long ER2 @ 737.80 -> small size

<+Andy> Long NQ @ 1361.5

that's es

<+silo> was that an intuition?

<+Andy> Exited 3/4 NQ Long @ 1362.5 --> + 1 10:34

<+szubaark> exit stop moved to breakeven ES @ 1363 «« paper »»

Covered all Short ES at 1363 --> 0 «« paper »»

sneaky action

Buys ES @ 1363.50 «« paper »» 10:35

<@NihabaAshi> Exited 2/3 ER2 Long @ 739.00 --> + 1.2

Holding 1 contract

Had volatility not been so low...I would have done a large size position 10:36

<+pat255> y vol died down

<+Andy> Exited Remainder NQ Long @ 1363.75 --> + 2.25 10:37

<@NihabaAshi> There's a resistance area but I didn't think it was that strong 10:42

Exited Remainder ER2 Long @ 739.50 --> + 1.7 10:43

caught another WRB exit

<+szubaark> Exited all Long ES at 1360.75 --> - 2.75 «« paper »» 10:48

Shorts ES @ 1360.75 «« paper »»

Covered all Short ES at 1362.25 --> - 1.5 «« paper »» 10:50

Buys ES @ 1362.25 «« paper »»

<@NihabaAshi> Oil showing strength again 10:56

It's moving higher

<+KN-ES> Shorts ES @ 1364.50 10:57

add

<+Spartan> Shorts ES @ 1364.25 «« paper »» 10:58

<+Bambam-77> pos es trgt 1369 upper ib 10:59

<+KN-ES> Covered 3/4 ES Short @ 1363.50 --> + 1 11:00

h 15

Covered 1/4 ES Short @ 1363.50 --> + 1 11:01

h9

<+pat255> oh mama kn u are a big time player

<+anglo> very accurate tradin KN.

hats off

<+KN-ES> Covered 2 ES Short @ 1363.50 --> + 1 11:03

thanks

<rickf> gm all

<+Andy> gm rickf

<tzar3> hi rickf

<+Andy> Shorts ES @ 1364.5 11:04

<+KN-ES> a little late Andy

i guess

<+Andy> looking at NQ also 11:05

<+KN-ES> just checked it 11:06

u r right

gl

Covered ES Short @ 1364.50 --> 0

Reverse and Enter Long ES @ 1364.50

<+Andy> Covered all ES Short @ 1365 --> - 0.5 11:07

<+KN-ES> Exited 3/4 ES Long @ 1365.50 --> + 1 11:08

S.L 1.75

<+Andy> Shorts ES @ 1365 11:09

<@NihabaAshi> A lot of resistance in this price area for ER2 11:12

If ER2 can breakout above it...it should produce a good volatility spike upwards. 11:13

<+Andy> Covered 3/4 ES Short @ 1364 --> + 1

<@NihabaAshi> If not...I'm looking for a Short entry

<+KN-ES> nice job Andy

<+Andy> thanks KN

<+KN-ES> 62 next 11:14

<@NihabaAshi> volatility declining lower 11:15

wow

<+silo> Exited all ER2 Long @ 739.70 --> + 1.9 «« paper »»

<@NihabaAshi> Shorts ER2 @ 739.80 -> small size 11:16

<BigDawg291> where your stop KN?

<@NihabaAshi> 2 only

<+szubaark> Exited all Long ES at 1362.25 --> 0 «« paper »» 11:18

Shorts ES @ 1362.25 «« paper »»

<+KN-ES> Long ES @ 1361.50 11:19

S.L 1

<+Andy> Covered Remainder ES Short @ 1362 --> + 3

<+KN-ES> nice

<+Andy> gracias

<+KN-ES> i forgot how to say you welcome in spanish

<+Andy> de nada 11:20

<+KN-ES> de something

yes

thnaks

<+Andy> I think the direct transalation is "it's nothing"...correct me anglo, if I am incorrect

<+anglo> korrekt

<+silo> :P 11:21

<+KN-ES> okkka

<+anglo> I dont trade like KN, but I talk BS in several languages... 11:22

:)

<@NihabaAshi> Covered all ER2 Short @ 739.20 --> + 0.6

I reached my profit goal for the trading day. 11:23

<+Andy> vn Niha

<+szubaark> Covered all Short ES at 1362.25 --> 0 «« paper »»

geez

<@NihabaAshi> I'm officially now in profit protection mode.

Thus, will be trading 1 contract only for the remainder of the trading day.

<+anglo> niha works for the government? 11:24

<+Spartan> Covered all ES Short @ 1362.50 --> + 1.75 «« paper »»

<+anglo> :)

<+szubaark> Buys ES @ 1362.75 «« paper »»

<+KN-ES> Exited 3/4 ES Long @ 1362.50 --> + 1

<@NihabaAshi> anglo...my mom does...she's a post master in the U.S.

<+jsbach> i work for the u.s. gov

<+anglo> "officially"...

<+rickf> short es 1362 paper 11:25

<+szubaark> Exited all Long ES at 1360.75 --> - 2 «« paper »»

Shorts ES @ 1360.75 «« paper »»

<+Spartan> Shorts ES @ 1361 «« paper »»

<@NihabaAshi> Only government job I ever had was the military when I was naive. 11:26

<+anglo> hehe

<+jsbach> lol 11:27

<+anglo> I'm officially very happy today.

<tzar> why is that

<+rickf> exit 1/2 es 1360 +2 paper

<+tzar> did you get a rouble 11:28

<+KN-ES> anglo, anything really wrong?

:)

<+anglo> because I have accepted that KN is an Uber-trader, that I will never be that good, but that I will make money at this anyway.

<+rickf> h4

<+tzar> so you didnt get a rouble..? 11:29

<+anglo> nah. short roubles now.

<+Spartan> Covered all ES Short @ 1360 --> + 1 «« paper »»

<+anglo> acceptance is a big thing.

* Spartan is now known as Spartan_Away

<+KN-ES> what is uber-trader means? 11:31

<+tzar> super good trader

<Flex> it's a german word which means a very able and good player

<+Flex> it's used in MMORPG games

<+KN-ES> you guys lost me 11:32

if you goal is me, you are aiming very low

bbl..............

<+Flex> gm all

<+rickf> exit es 1359 +3 paper

<+anglo> 2. über [p] (above, over) preposition in a higher place or rank. 11:33

<+Andy> vn rickf

<+tzar> lol

<+rickf> ty

<+KN-ES> come one guys...leave me alone.......its not time for fun 11:34

on

<+rickf> short es 58.75 paper

<+anglo> not fun. It's a recognition.

<+KN-ES> lets get back to trading 11:35

brb

<+anglo> ok 11:36

<+tzar> Flex 11:37

<+Andy> Long ES @ 1357.5 11:38

Exited 3/4 ES Long @ 1358.5 --> + 1 11:39

Exited Remainder ES Long @ 1359 --> + 1.5 11:40

<+tzar> Andy very well done!

how many contracts are you taking?

<+Andy> gracias, tzar...4 only

<+rickf> exit es 59.25 -.50 paper 11:41

<+Andy> may have been early out on the last

<+tzar> its ok

cant be greedy in this business

<+Andy> yah

<+tzar> your management of contracts looks like KN-ES's 11:42

seems to be workiing smoothly

smoothly.. is that a word?

<+Andy> yes

KN and Niha have a lot of good things to teach 11:43

<+tzar> yes they do

<+anglo> no doubt

<+tzar> since i joined this room i learned soooooooo much

<@NihabaAshi> Only a few wanted .60

<+tzar> now i just need to apply it

<+rickf> short es 59.25 paper

<@NihabaAshi> Long ER2 @ 738.50 -> small size 11:44

.50 looks better

volatility increasing 11:45

Makes it easier for a position reversal if I decide to reverse this loser

<+tzar> NihabaAshi easier in what sense? ( decision?) cuase wouldnt it be worse due to possibility of slippage? 11:46

<+rickf> exit 1/2 es 58.25 +1 paper 11:47

<@NihabaAshi> I rather have slippage instead of reversing in a low volatility price action

* Spartan_Away is now known as Spartan

<@NihabaAshi> volatility declining again :( 11:48

<+tzar> im going to lunch 11:49

<@NihabaAshi> tzar...me too soon

<lumenPharmer> golman sucks selling the news,wonder if this is a taste of the earnings season to come

<@NihabaAshi> This price action can cause hunger pains :)

<+lumenPharmer> GS 11:50

<+rickf> exit es 58.50 +.75 paper

entering chop city

<+Spartan> Long ES @ 1358.50 «« paper »»

<+lumenPharmer> we have 10:30 eia petroleum status wednesday 11:52

<@NihabaAshi> Exited ER2 Long @ 738.90 --> + 0.4

<+lumenPharmer> small numbers at 8:30 and 10 on thurs, then quad witching on friday 11:53

might be a long week ;)

<@NihabaAshi> Be back later...going to lunch 11:55

* NihabaAshi is now known as NihabaAshi_away

<+Andy> Long ES @ 1358.5

<+rickf> short dax 6797 paper 11:56

<+Spartan> Exited all ES Long @ 1357.50 --> - 1 «« paper »» 11:57

<+Andy> Exited all ES Long @ 1357.25 --> - 1.25

* Spartan is now known as Spartan_Away

<+rickf> exit 1/2 daxc 6793 +4 paper

h2

exit remaining dax 6793 +4 paper 11:59

<+KN-ES> Shorts ES @ 1360 12:15

s.l 61.75

<+rickf> short es 1359 paper 12:16

<+KN-ES> Covered 3/4 ES Short @ 1359 --> + 1

<+peterpanboy> sorry KN when start Short how many contracts? and is it fixed? 12:18

<+KN-ES> 25

h7 12:20

<+peterpanboy>