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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

Learn More

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> Ok so when you say 3/4 do you mean 3/4 of(25) or almost 16 is it right?

<+KN-ES> i always leave how many i m holding 12:21

i take out 16 - 18 contracts 12:22

<+anglo> nice retracement sell KN

<+KN-ES> thanks

in this case, if price hits my s/l i will still be b/e including commissions 12:23

can take 25 points easily, but i really like to have some breathing space in the trade since i m not scalping now 12:25

<+peterpanboy> thanks KN, one more thing I do not understand when you say" I always leave how many I am holding " 12:26

what do you mean?

<+KN-ES> i always try to post how many i do hold in any point of a trade ....... h1 h2 h3 form 12:27

Covered 2 ES Short @ 1359 --> + 1

h5 12:28

<+ItalianSharp> KN, do you know whether you can trade european futures with tradestation? dax and eurostoxx mainly?

<+KN-ES> yes

you will have to use their RJ platform 12:29

you cant trade direcetly from tradestation platform

Covered 2 ES Short @ 1358 --> + 2

<+anglo> wtg 12:30

<+KN-ES> s.l .75

thanks

<+rickf> exit 1/2 es 1358 +1 paper

h4

<+KN-ES> nice rickf

<+rickf> profitable but a sloppy trade 12:31

bad entry

<+peterpanboy> OK is clear now many thanks KN

<+KN-ES> peterpanboy, the idea is not to take scalp profit out...........rather...... making the trade safe minimizing risks..........

as soon as the trade is b/e with all the odds.........you have a strong hand 12:32

uw

<@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

<+peterpanboy> yeah so not worry about price retrace against you 12:33

beacuse you got your profit before is it right?

<+KN-ES> :)

exactly, but you should keep an eye on trend, or all the trade will be b/e with no or little profit at the end of the day 12:34

entry, trade management and exit should be three different, COMPLETELY DIFFERENT, system 12:35

* +rickf added to the pos

<+peterpanboy> now for example you lower yor s.l. to only .75 from 1.75 before,lower the risk OK?

<+rickf> now short 8 again

<+KN-ES> Covered 1 ES Short @ 1356 --> + 4 12:36

h2

yes

peterpanboy

<+rickf> exit 1/3 1356 + 3 paper

sorry was short 12, not 8

8 now

<+peterpanboy> Ok many thanks again very GOOD tip

<+KN-ES> u w

<+szubaark> nice rick, Im still trying to dig myself out of a whole 12:37

<+rickf> av pos now 1357.50

exit 1/2 es 1355.50 +2 paper

<+silo> Shorts ER2 @ 737.30 «« paper »»

<+rickf> h4

szu: :( 12:38

<+szubaark> saw overnight was strong so went Long at opening, WRONG

<+KN-ES> s.l 0.00

<+rickf> sl at be+1 tick 12:39

1357.25 sl

<+tzar> Flex

you there?

<+rickf> exit es remainder 1356 +1.25 paper 12:40

1.5 paper

can't add

<+KN-ES> why cannnt add? 12:42

cant

<+rickf> :) 12:43

<+KN-ES> :)

<+peterpanboy> KN now your s.l is 0 so trade is safe nothing to lose and only 2 pz,you no lower the s.l. because leave some room for an up swing? 12:44

<+KN-ES> well, already took out 28 points

and its has a span of 5+ at max.......if it retraces 5 points, i doubt it will be smart to stay in that trade 12:45

smart idea 12:46

<+peterpanboy> Ok so the road is 1) retrace and maybe hit stop 2)can break last supp and go lower and you catch some points more? 12:47

<+KN-ES> i m with the trend........as long as something is not there to show otherwise, i m in the right track 12:48

i secured 25 points from this trade no matter what........after commissions 12:49

simple calculation :)

<+peterpanboy> yeah agreed

<+KN-ES> told you, trade management is a different area with thousands of different ideas 12:50

i like to keep it simple

<+peterpanboy> from emotional points for me is still hard leave too much room

<+Flex> yes Tzar 10 min then I have to go

<+rickf> short es 1357 sm sz paper

<+KN-ES> well, i cannt help you much there.........but will post some writings in the forum shortly..... working on it 12:51

<+peterpanboy> I know you got many point right now so your ideas working well...

* NihabaAshi_away is now known as NihabaAshi 12:52

<+peterpanboy> Thanks again I wait for forum posting

<@NihabaAshi> There's a big thunder/lightning storm here.

Thus, if I get disconnected...you know why :(

<+peterpanboy> KN I already read about your exit strategy very smart 12:53

<startrader> Long NQ @ 1987.50

<+KN-ES> thanks

well, there is anther factor you may add to that......... broker factor

<palmer> KN you play 20 lots?

<+palmer> wow

<+peterpanboy> Nihaba do you use some electonic protection for computer ? 12:54

<+rickf> yah talk about commish :)

i do -- UPS and surgestrip

<@NihabaAshi> Shorts ER2 @ 737.90 -> small size

<+KN-ES> try to make sense how busy their network is.......you can send a packet to their netwrok and wait for the reply.....like, ping reply to figure it out and then route ur trade with less busy netwroks

<@NihabaAshi> Yes...got about 2 hrs worth of power 12:55

<+KN-ES> thanks palmer

brb

<+peterpanboy> Thats Ok Nihaba,what scare sometimes is thunder entry and burn computer 12:56

KN very smart to test broker speed and very useful :) 12:58

<@NihabaAshi> Covered ER2 Short @ 738.50 --> - 0.6 13:00

<+rickf> exit es 56.75 +.25 paper 13:01

bailing on the chop

<+BigDawg291> what are usually your stoops and profit targets rick? 13:02

<+rickf> on my first trades of the day -- 2pts on the ES first profit point

will exit

subsequent trades, 2pt target, take half off there unless it's a good trend/runner 13:03

<@NihabaAshi> Shorts ER2 @ 738.10 -> small size

<+rickf> on the dax .... more like instinct on when to take profit

<+BigDawg291> ok cool are your stop usually 2 as well?

<+rickf> no 13:04

will enter with only a catastrophic 5 point stop to protect in case of comptuer problmes

will work the trade as needed -- move stop to b/e and then manage the trade from there

i get stopped out too frequently on the ES if i always use hard stops 13:05

<+BigDawg291> ok cool

<+rickf> tho in the afternoons i will do a braket order that has a defined limit and trailing stop ... usually 1, 1.5 point trail

ie, scalping mode

<+anglo> are you a comms specialist KN? 13:06

<@NihabaAshi> Covered ER2 Short @ 738.00 --> + 0.1

<+BigDawg291> ok cool

<+silo> that was an intuition?

<+BigDawg291> thanks

<+rickf> np

<pdays> Long ES @ 1355.5 «« paper »»

<+pdays> Exited all ES Long @ 1356.5 --> + 631.3 «« paper »»

humm up +1 13:07

<+szubaark> CHOP

<+rickf> ya THINK? 13:08

and its everywhere

<+szubaark> Quick Drop, then Chop for hours.. rinse & repeat 13:09

* Flex is now known as Flex_away

<+szubaark> Covered all Short ES at 1358.75 --> + 2 «« paper »»

:((

<+KN-ES> add 1359.25 13:10

<+rickf> long es 1359 paper sm sz

<+szubaark> Buys ES @ 1358.75 «« paper »»

<@NihabaAshi> Long ER2 @ 740.10 -> small size 13:12

<+KN-ES> s.l 1.25 13:14

brb

<+rickf> szu - u positive yet? 13:20

<@NihabaAshi> Exited ER2 Long @ 740.70 --> + 0.6 13:25

<+szubaark> no.. 13:34

<+rickf> :( 13:35

<+szubaark> I got "caught" on that opening Drop.. WRB got my Stop :(

<+rickf> ewww dag

<+szubaark> another Lesson to wait til i get better read, just No Discipline on my part 13:36

<+rickf> yep been there many many times myself

sometimes with real $ too

get excited or assume something and BAM 13:37

<+szubaark> WRB's are pretty when they go your way, but against yur trade, they are Nasty

<+rickf> do you use candles or bars? 13:38

<+szubaark> candles

Exited all Long ES at 1360.50 --> + 1.75 «« paper »»

<+rickf> one of my things is that i'll see a wrb form and get all excited when the BIG HONKING CANDLE forms

and then do something stupid orimpulsive

* Spartan_Away is now known as Spartan 13:42

<+Spartan> Long ES @ 1359.75 «« paper »»

<+szubaark> Shorts ES @ 1359 «« paper »» 13:43

<+rickf> exit es 59.59 +.50 paper 13:44

* fseitun is now known as ItalianSharp

<+Andy> Long ES @ 1359 13:46

<@NihabaAshi> Long ER2 @ 740.60 -> small size 13:49

intuition

<+rickf> long es 59.50 paper

<@NihabaAshi> Was bearish for a few minutes until support showed up 13:50

<+rickf> always creeps me out when a doji shows up for like 10 seconds 13:52

<+Spartan> I get nervous too, but sometimes that is a good risk/reward entry 13:53

<+rickf> agree

<+Andy> Exited all ES Long @ 1359 --> 0 13:56

<+rickf> exit es 59.50 b/e +0

<+Andy> not exactly a buying frenzy

<+szubaark> no selling either

<@NihabaAshi> yep...maybe I should abandon ship too

* +rickf thought that second time we'd see a break up

<+Andy> should go up 13:57

<+rickf> going to wait for a real break to occur

<+Andy> but I don't have the strength :)

<+rickf> think uplifting thoughts

<+Andy> yes!

<+szubaark> Covered all Short ES at 1359.75 --> - 0.75 «« paper »» 13:58

Buys ES @ 1359.75 «« paper »»

by the time it Pops it will be to late to chase.

<+rickf> then i'll wait for another entry point :) 13:59

<@NihabaAshi> At a first level profit target right now for my Long

<+szubaark> usually they are not that nice :))

<+Andy> very good, Niha

<@NihabaAshi> Exited ER2 Long @ 741.30 --> + 0.7

<+rickf> prolly wise, niha 14:00

<@NihabaAshi> agree

<+szubaark> small pop

<+Spartan> 599 just went through on es

big order 14:01

<+rickf> that was kn in the other room

<+Spartan> lol

<+BigDawg291> lol

<+startrader> Exited 1/2 NQ Long @ 1995.25 --> + 7.75

<+rickf> nice star 14:02

if the es clears 61 on the upside i'd consider a long entry 14:03

<+startrader> ty

<+rickf> with a tight stop -- gravity has been known to influence the pm sessions these days

<+Spartan> brb

* NihabaAshi is now known as NihabaAshi_away

<+startrader> Exited Remainder NQ Long @ 1997 --> + 9.5 14:04

<+szubaark> Exited all Long ES at 1358.50 --> - 1.25 «« paper »» 14:08

Shorts ES @ 1358.50 «« paper »»

]:(( 14:09

<+rickf> short es 1358.25 paper

<+KN-ES> Shorts ES @ 1359 14:10

s.l 62.75

bbl

<+rickf> out 59.25 -1 paper 14:17

<+szubaark> looks like they just hammering Stops back and forth

<+rickf> yep 14:18

* ItalianSharp is now known as ItalianSharp_at_the_ 14:19

* ItalianSharp_at_the_ is now known as ItalianSharp_TV

<+Andy> Shorts ES @ 1359.5 14:21

Covered 3/4 ES Short @ 1358.5 --> + 1 14:25

<+Spartan> Exited all ES Long @ 1357.75 --> - 2 «« paper »» 14:26

<+rickf> short es 57.50 paper sm sz

* KN-CL is now known as KN-ES 14:32

<+Andy> I believe we have a crude oil trader among us :) 14:33

<+rickf> out at 57.25 paper +.25

<+Andy> one of those manipulators

<KN-ES> Covered 2 ES Short @ 1357 --> + 2 14:34

<+KN-ES> h10

brb

<+rickf> short er2 739.7 paper 14:35

<+KN-ES> s.l 61.25

brb

<@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> Andy, not trading CL today 14:36

vol is way low compare to ES

<+Spartan> Shorts ER2 @ 739.8 «« paper »» 14:37

<+KN-ES> ES is much better to play with vol trades...........

<+Andy> ahh, I'll bet oil is down

<+KN-ES> yes

took 100 ticks this morning

very low volume

cannt enter with large contract size 14:38

<+rickf> exit 1/2 er2 738.4 +1.3 paper 14:40

exit remainder er2 738.7 +1 paper 14:41

<+KN-ES> brb 14:43

<+rickf> short er2 739.5 paper 14:44

<+szubaark> Covered all Short ES at 1358.25 --> + 0.25 «« paper »» 14:45

Buys ES @ 1358.25 «« paper »»

<+Andy> Covered Remainder ES Short @ 1357.5 --> + 2 14:47

<+rickf> nice andy

<+Andy> thx, rickf 14:48

<+peterpanboy> Hi KN, sorry no understand last trade 14:51

I mean the prevoius Short from 1360 ES 14:52

<+rickf> exit er2 739.6 -.1 paper 14:53

<+Spartan> Covered all ER2 Short @ 740.1 --> - 0.3 «« paper »»

Shorts ER2 @ 739.8 «« paper »»

<+rickf> long er2 740.1 paper sm sz 14:56

<+Spartan> Covered all ER2 Short @ 740.8 --> - 1 «« paper »» 14:57

<+rickf> exit er2 740.6 +.5 paper 14:59

<+Spartan> Long ER2 @ 740 «« paper »»

<+rickf> short ers 740 paper 15:00

er2

<+KN-ES> pterboy , pls check the stop loss i had in that trade 15:01

peterpanboy 15:02

<anglo> nice short kn

<+KN-ES> thnaks

thanks

<+anglo> de nada 15:03

<+KN-ES> not much into trade, watching soccer.........italy vs france

<+peterpanboy> yes thanks KN I check so I assume stop loss it

<+rickf> exit 1/2 er 739.5 +.5paper

<+peterpanboy> then a new Short was done @1359 15:04

<+KN-ES> i would love to have that trade still open.........but stop is a stop......i dont change it

<+rickf> exit remainder er2 739.5 +.5 paper

<+peterpanboy> yes KN very hard keep emotions out of the game 15:05

<+KN-ES> s.l 61.25 h10

:)

<+peterpanboy> last short well done KN 15:06

<+KN-ES> as i told b4, analysis should be done b4 entering a trade

if you are already in a trade, stick with the plan 15:07

thats my idea

thanks

<+rickf> short es 56.75 paper 15:08

<+szubaark> Exited all Long ES at 1356.25 --> - 2 «« paper »»

Shorts ES @ 1356.25 «« paper »»

<+peterpanboy> totally agreed KN,only not easy to do,so good discipline is a must 15:09

<+KN-ES> well...........here is something.............Andy is always very sharp.............

[14:05:21] <Andy> Taylor is smiling from heaven

he got the hints from the very early in the morning

its the 3 day reversal pattern in price today 15:10

brb.........italy just got a red card and a panalty against them

crap........italy is down by a goal 15:11

nop

<+tzar> france scored the penalty/

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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> italy is up

<+tzar> whats the score

<+KN-ES> i was too much into trading missed it

frace 0 italy 1 15:12

frace is down to 10 men

cool 15:13

cannt do both,

bbl

<+tzar> nooooo

watch the rerun :)

<+KN-ES> :)

sure

its a classic taylor day........ 15:14

<+peterpanboy> Yeah confirm Italy 1 France 0

<+KN-ES> yes

<+szubaark> geez, what a pinball action here at the lows 15:15

<+KN-ES> i m running between tv and chart

<+peterpanboy> some minute ago another strong shot from italian player

<+tzar> KN-ES whats your fav team

<+peterpanboy> me too

<+KN-ES> liverpool

<+tzar> KN-ES connect computer to tv and do picture in picture

:)

<+KN-ES> :)

nop, i have a 60 inch just to watch soccer 15:16

<+peterpanboy> very funny italy is always light blue but today is white as t-shirt

<+rickf> short er2 739.9 paper

<+KN-ES> yes, i was in the trade and missed it for a while

the color

<+Spartan> Exited all ER2 Long @ 739 --> - 1 «« paper »»

<+KN-ES> white is not a italian color :)

* Spartan is now known as Spartan_Away

<+anglo> make sure you ping the TV to verify fast connection.

<+peterpanboy> yeah italian always light blue 15:17

<+KN-ES> when saw the penalty, was lost for a while

:)

<+peterpanboy> trade and soccer a very hard task watch both..

<+KN-ES> tell me about it

<+tzar> its football not soccer people! 15:18

<+rickf> exit 1/2 er 738.8 +1.1 paper

<+KN-ES> :)

<+tzar> well done rick

<+rickf> ty

<+KN-ES> nice

<+rickf> h4

<+tzar> do we touch 59 again KN-ES?

<+anglo> football: a game played by gentlemen for hooligans. Rugby: a game played by hooligans for gentlemen. 15:19

<+tzar> haha

<+rickf> exit 1/2 er2 738.3 +1,6 paper

h2

<+KN-ES> i think we have seen teh sup broken

Covered 2 ES Short @ 1354 --> + 5 15:20

h8

<+tzar> yep

<+rickf> exit remainder er2 737.6 + 1.9 paper

<+peterpanboy> nice KN 15:21

<+KN-ES> thanks

Covered 1/2 ES Short @ 1354 --> + 5 15:22

out 4

holding 4

brb

<+anglo> stops are at 52 aqnd below 15:23

<+rickf> short er2 737.4 paper sm sz

<+anglo> too close to not kill them

<+KN-ES> humm 15:25

54 held

for the moment

wasnt a bad decision taking half out......i guess........

<+rickf> exit er2 737.1 paper + .3 paper 15:26

<+KN-ES> may see 57.50 again 15:29

brb

<+rickf> short es 55.50 paper

<+Andy> Long ES @ 1354.75 15:31

Exited all ES Long @ 1355.75 --> + 1 15:32

<+tzar> gj Andy

<+Andy> trade error...didn't mean to take all of them off

thanks tsar

<+KN-ES> half time 15:36

nice Andy

<+tzar> :( didnt get my 55.75 15:37

<+Andy> thanks...one of the few times a error has benefited me :)

<+KN-ES> not my falt......

fault

:)

<+tzar> mmm

well your not out of the dark just yet mister

<+peterpanboy> sorry Kn last trade only 12 contracts @ start? 15:38

<+KN-ES> nop

took 1/2 out first

leaving 12

<+Andy> Long NQ @ 1982.5 15:39

<+KN-ES> at 56

i think

<+rickf> exit 1/2 es 53.50 + 2 paper

<+KN-ES> Andy to NQ

?

<+tzar> Andy is a hybrid 15:40

can trade both worlds

:)

<+Andy> Exited 3/4 NQ Long @ 1984.25 --> + 1.75

<+KN-ES> agree

and nice

<+tzar> its new technology KN-ES

<+Andy> geez, that took off

thx

<+rickf> exit es remainder 54.00 +1.5 paper

<+Andy> Exited Remainder NQ Long @ 1985.5 --> + 3 15:41

<+peterpanboy> OK KN maybe was some problems with mIRC missing report with 1/2 out

<+rickf> short er2 737.9 paper sm sz 15:42

<+KN-ES> well, peterpanboytook 1/2 out at 56.50 with 2.5 15:44

<+peterpanboy> thanks KN 15:45

<+rickf> exit 1/2 er2 736.6 +1,3 oaer

paper

<+peterpanboy> here big thunderstorm

<+KN-ES> this I got dc in the middle, may be the problem is there

<+rickf> h4

<+KN-ES> just checked my account...... 56.50 + 2.50 15:46

and then changed the stop loss to 2.25

<+rickf> exit er2 remainder 736.5

+1.4 paper

<+peterpanboy> Many thanks very detailed and nice trader.... 15:47

my UPS save me from power failure 15:48

<+KN-ES> i get dc from mirc for no reason............ 15:50

<+peterpanboy> big thunders better off the systems

yeah that is KN, thanks again

OK see everybody tomorrow 15:51

* NihabaAshi_away is now known as NihabaAshi

<+peterpanboy> many thanks all for sharing

<+tzar> cya peterpanboy 15:52

<+peterpanboy> cya tzar

<+rickf> short er2 737.2 paper

<+peterpanboy> cya KN

<+KN-ES> take care 15:53

<+peterpanboy> cya Nihaba and thanks again for this room

<+rickf> exit er2 737,1 +,1 oaoer 15:56

<+Andy> Long ES @ 1353.25 15:58

Exited 1/2 ES Long @ 1354.25 --> + 1

Exited Remainder ES Long @ 1352.75 --> - 0.5 15:59

Long NQ @ 1981.25 16:04

<+rickf> ok good trading all, see you tomorrow

<+tzar> bye rickf

<+Andy> Exited all NQ Long @ 1981.75 --> + 0.5 16:05

<+szubaark> Covered all Short ES at 1352.25 --> + 4 «« paper »»

<+Andy> vn szu

<+szubaark> thanks.. still down for the day.. that First -6 Loss hurt me.. 16:06

whole day was fighting to get back and lost :(

<+Andy> :(

<+KN-ES> nice szu

goal 16:07

itally 2

<+tzar> france 0? 16:08

<+KN-ES> Covered 1 ES Short @ 1352 --> + 7 16:09

yes and 10 men

h3

<+BigDawg291> was that theirry henry? 16:10

<+anglo> gud tradin guys. see ya manana. 16:15

<+BigDawg291> great save 16:19

<+KN-ES> frace is playing all over the field.........another 16 min to hold on 16:20

<@NihabaAshi> Take care all and see all tomorrow

<+tzar> cya NihabaAshi

* NihabaAshi is now known as NihabaAshi_away

<+BigDawg291> yep i dont see italy losing this

<+KN-ES> the way frace playing .....never know.....still 15 min.....long enough for 2 goals 16:21

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