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#FuturesTrades June 18th Wednesday 2008 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+6.30	+177.60	+1886.60
$630	$17,760	$188,660

Oil Index OSX

1333pm - 1336pm est

click on image to view actual size

Current Performance Record

Volatility Spike of the Day

Profit/Loss Statement

Today's Observation: I'm still testing (simulator) the Photon Trader trade execution platform June 18th Weds - June 30th Mon to determine if the software and broker (Futurepath Trading) will become one of my backup brokers to replace a backup broker I'm no longer satisfy with.

Upon completion of my testing I will state in the chat room only the good and bad about my experience with the trade execution platform, customer support and technical support. In addition, the simulator profits shown above for today will not be computed into the monthly and yearly real money results.

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: Wed Jun 18 08:02:19 2008 Session Ident: #futurestrades

* Now talking in #futurestrades 09:28

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

<rickf> gm 09:29

<tzar> gm NihabaAshi

<anglo> gm

<lumenPharmer> gm all

<+rickf> short es 1344.50 paper 09:30

<@NihabaAshi> FYI - Today I am testing a new trading platform and will do such via a simulator called Photon Trader. 09:31

Thus, all my posted trades today are simulator trades only.

Simply, some trades may be delayed in getting posted as I slowly learn how to use the simulator.

<drt> gm all

<Mauro> Shorts ER2 @ 734.2 09:32

* subq market profile charts for today == http://www.charthub.com/chart/search/mpc hart 09:33

<TrDs> Shorts ER2 @ 733.50 09:34

<szubaark> Shorts ES @ 1344 «« paper »»

<+TrDs> Covered 1/2 ER2 Short @ 732.40 --> + 1.1

<@NihabaAshi> Shorts ER2 @ 732.80 -> large size «« simulator Photon Trader »» 09:35

<+Mauro> Covered all ER2 Short @ 732.6 --> + 1.6

<ripsboy> gm all...

<Nesi> bien, bien, Mauro :)

<+Mauro> gracias Nesi

<+TrDs> Covered 1/4 ER2 Short @ 732.60 --> + 0.9 09:36

stop loss .5 09:37

<Splurge> gm

<@NihabaAshi> Covered ER2 Short @ 733.70 --> - 0.9 «« simulator Photon Trader »»

Shorts ER2 @ 732.60 -> large size «« simulator Photon Trader »» 09:38

<+TrDs> Long ER2 @ 733.6 09:39

<+rickf> exit es 1345.50 -1 paper

<+TrDs> Exited 1/2 ER2 Long @ 735.1 --> + 1.5

<@NihabaAshi> Covered ER2 Short @ 734.30 --> - 1.7 «« simulator Photon Trader »»

Long ER2 @ 734.60 -> large size «« simulator Photon Trader »» 09:40

<+TrDs> Exited 1/4 ER2 Long @ 734.6 --> + 1

stop loss .5

<PapaJon> gm all

<+TrDs> Exited 1/4 ER2 Long @ 734.6 --> + 1 09:42

* ItalianSharp_TV is now known as ItalianSharp 09:43

<@NihabaAshi> Pin Ball Machine price action 09:45

<+Andy> Shorts NQ @ 1347.5 09:46

that's es

Covered 2/3 NQ Short @ 1346.5 --> + 1 09:47

<+rickf> short cl 134.19 paper (late post)

<+Andy> Covered Remainder NQ Short @ 1345.75 --> + 1.75

<+rickf> exit 1/2 cl 134.09 + 10 ticks paper

<+Andy> ahhh, another oil manipulator among us :) 09:48

<+rickf> more like oil explorer

<+Andy> vn rickf

<+rickf> exit cl remainder 134.18 +1 tick paper

there's not much tradable right now imho 09:49

short es 1346.25 paper

<+TrDs> Exited ER2 Long @ 733.9 --> + 0.3 09:50

Reverse and Enter Short ER2 @ 733.9

<+Spartan_Away> Long ES @ 1345 «« paper »»

<+TrDs> Covered 1/2 ER2 Short @ 732.9 --> + 1

stop loss .5

<@NihabaAshi> Exited ER2 Long @ 732.40 --> - 2.2 «« simulator Photon Trader »» 09:51

<+TrDs> Covered 1/4 ER2 Short @ 733.00 --> + 0.9

<+rickf> exit es 1345 +125 paper

<@NihabaAshi> So far...when I place a stop...trades aren't being executed when stops are hit... 09:53

I'll get it figured out here soon what I'm doing wrong in this new machine :)

<T-stop> thats not good

<+rickf> this is a bad morning to trade as well, i think

<peterpanboy> gm all

<@NihabaAshi> It's a great morning for me because the price action is FAST and I need to setup the new platform in a way that I'm fast/efficient in executing trades. 09:54

<+rickf> short cl 134.37 paper 09:55

exit 1/2 cl 134.22 paper +15 ticks

<+Spartan_Away> stop @ 1343.50 brb

<+TrDs> Covered 1/4 ER2 Short @ 732.4 --> + 1.5 09:56

<@NihabaAshi> Shorts ER2 @ 732.30 -> large size «« simulator Photon Trader »» 09:57

<+TrDs> Covered 1/4 ER2 Short @ 731.4 --> + 2.5

<+Andy> RBS prediction this a.m. that the S&P will fall 300 points by September

<@NihabaAshi> Heavy on the large size and no way would that many contracts get filled like that without any slippage :(

<+rickf> this from the same bank dying from bad mortgages and cdos

but i dont doubt it 09:58

<+Spartan_Away> Exited all ES Long @ 1343.50 --> - 1.5 «« paper »»

<KN-ES> Covered 1 ES Short @ 1343 --> + 16

<+KN-ES> h2

<+rickf> heck all it takes is a few more down-40 days on the es

<+Andy> also predicted Big Foot would be sighted and oil will go to $12.00/barrel

and I believe the Big Foot thing

<+rickf> exit cl 134.22 +15 ticks

<@NihabaAshi> Covered all ER2 Short @ 731.20 --> + 1.1 «« simulator Photon Trader »» 10:00

<+szubaark> Nice Niha. 10:01

<@NihabaAshi> Shorts ER2 @ 730.50 -> large size «« simulator Photon Trader »» 10:03

<+TrDs> Covered ER2 Short @ 730.50 --> + 3.4

<ItalianSharp> bush will be speaking at white house around 1035 about energy-oil

<@NihabaAshi> Heavy again but this time it filled as partials

<+TrDs> Long ER2 @ 730.70

<+ItalianSharp> just a few mins after the oil report

<+rickf> lovely ... queue up your short orders 10:04

<+TrDs> Exited 1/2 ER2 Long @ 733.20 --> + 2.5

Exited 1/2 ER2 Long @ 731.20 --> + 0.5

Exited 1/4 ER2 Long @ 731.50 --> + 0.8 10:05

stop loss .5

<@NihabaAshi> remainders filled at 731.20

<pat255> vn

<@NihabaAshi> Shorts ER2 @ 731.20 -> Add «« simulator Photon Trader »»

<+TrDs> Exited 1/4 ER2 Long @ 731.70 --> + 1

<+Spartan_Away> Shorts ES @ 1344 «« paper »» 10:06

<+rickf> short es 1344 paper sm sz 10:08

<@NihabaAshi> my average @ 730.70 10:09

Please ignore my commentary as I test drive this new trade execution platform...

I'm just documenting via words exactly what I see as my trades are being executed in the simulator. 10:10

<+rickf> exit es 43.50 +.50 paper

chart lag, gonna restart

<+peterpanboy> thats good nihaba so we can have a view about different platforms

<@NihabaAshi> Gotta setup the workstation for this platform more efficiently... 10:12

I'm have too many eye movements going from window to window while using this thing.

<+peterpanboy> yeah it is normale beacuse is new to you I think

<+rickf> short dax 6750.5 paper 10:13

<+Andy> Long NQ @ 1965.5 10:14

Exited 2/3 NQ Long @ 1966.5 --> + 1 10:16

<+rickf> exit dax 6749 paper +1

1.5

:(

<pdays> Long YM @ 12083 «« paper »» 10:17

<+Andy> Exited Remainder NQ Long @ 1965 --> - 0.5

<+rickf> bad tape today

<@NihabaAshi> stop/loss in and a profit stop in at the same time...

Lets see if I did it right this time.

<+Andy> Long NQ @ 1965.5 10:18

<@NihabaAshi> Covered ER2 Short @ 731.70 --> - 1.7 «« simulator Photon Trader »»

<silo> Long ER2 @ 731.90 «« paper »»

<+pdays> Exited 1/3 YM Long @ 12094 --> + 11 «« paper »»

<+silo> late entry 10:19

see if it works out

<+Andy> Exited 3/4 NQ Long @ 1968 --> + 2.5

<startrader> Shorts NQ @ 1968

<@NihabaAshi> Be back in a little...trying to get my PING program working to test their servers and compare it to my other platforms. 10:20

* NihabaAshi is now known as NihabaAshi_away

<+Spartan_Away> Covered all ES Short @ 1345.50 --> - 1.5 «« paper »» 10:21

<+pdays> Exited 1/3 YM Long @ 12103 --> + 20 «« paper »»

<+startrader> Shorts NQ @ 1969.25 -> Add

<+Andy> Exited Remainder NQ Long @ 1969 --> + 3.5

<+rickf> short dax 6749 paper 10:22

<+TrDs> Exited 1/4 ER2 Long @ 732.20 --> + 1.5

<+Spartan_Away> Shorts ES @ 1344 «« paper »»

<dragon310> Shorts ER2 @ 732

<+KN-ES> yes 10:24

wrong window

<+silo> think we'll explode up in a few minutes 10:25

for a quick bounce

<+rickf> if dax breaks 36 will consider adding to short pos 10:26

<+silo> i'm adding to my long if oil/gold shows signs of improvement 10:27

but so far ...no dice

<+ItalianSharp> big spike in dax

* NihabaAshi_away is now known as NihabaAshi

<+ItalianSharp> probably discounting oil inventories report ahead of time

<+rickf> add dax short

6742 av pos price

<+silo> Exited ER2 Long @ 730.50 --> - 1.4 «« paper »»

Reverse and Enter Short ER2 @ 730.50 «« paper »»

<+rickf> h12

<@NihabaAshi> Shorts ER2 @ 731.60 -> large size «« simulator Photon Trader »»

<+startrader> Covered 1/2 NQ Short @ 1964.75 --> + 4.5 10:28

<+pdays> Exited Remainder YM Long @ 12083 --> 0 «« paper »»

<+szubaark> markets in sync

<+TrDs> Long ER2 @ 730.50

add

<@NihabaAshi> Order fill...partials but all filled with normal slippage I'm use to seeing for a position size like that.

<+silo> how many contracts?

<@NihabaAshi> 12

<+TrDs> stop 730.00

Exited 1/2 ER2 Long @ 31.50 --> - 699 10:29

Exited 1/2 ER2 Long @ 731.50 --> + 1

<@NihabaAshi> Not taking the profit and will let it got to see how the stop/loss works on the chart that allows trading on the chart itself

<+TrDs> Exited 1/4 ER2 Long @ 731.20 --> + 0.7 10:30

<+silo> Shorts ER2 @ 730.40 -> Add «« paper »»

<@NihabaAshi> Added got picked up via a limit order

Shorts ER2 @ 731.00 -> Add «« simulator Photon Trader »» 10:31

auto stop adjustment is working

<+silo> what broker are you trying?

<@NihabaAshi> FuturePath Trading

<+Andy> Shorts ES @ 1341.5

<+Nesi> BUSH tv 10:32

about oil

<+Andy> Covered 3/4 ES Short @ 1340.5 --> + 1

<+rickf> exit 1/2 dax 6722 +20 paper

h6 10:33

<+startrader> Covered Remainder NQ Short @ 1962.25 --> + 5.75

<+TrDs> Long ER2 @ 729.8

<+Andy> vn st

<+ItalianSharp> bush looks tired

<+TrDs> Exited 1/2 ER2 Long @ 730.3 --> + 0.5 10:34

<+Andy> Covered Remainder ES Short @ 1341 --> + 0.5

<+rickf> exit remainder dax 6728 +18 paper

<+TrDs> stop loss .5

<+startrader> ty

<+tzar> vn startrader

<+pat255> vn star

<@NihabaAshi> There was a website that showed pictures of past Presidents the day they took office and the day they left office...

<+ItalianSharp> interesting 10:35

<+rickf> short dax 6725 paper

<+pat255> 1 min till oil #'s

<@NihabaAshi> Bush looks like he hasn't sleeped in 20 years.

<+Andy> gracias, pat

<+ItalianSharp> lol

<palmer> yep

<@NihabaAshi> Clinton looked like he's been hanging out at the SPA

<+ItalianSharp> :)

<+rickf> exit 6721 +4 paper

<@NihabaAshi> Must have been that Monica thing

<+TrDs> Exited 1/4 ER2 Long @ 730.80 --> + 1 10:36

Exited 1/4 ER2 Long @ 731 --> + 1.2

<+Andy> vn TrDs...wow

<+ItalianSharp> the day i look old, i'll call up monica

<+Splurge> lol yes would make anyone have that 'glow' Niha

<+ItalianSharp> :)

<@NihabaAshi> :)

<+tzar> NihabaAshi how are you liking the photon platform 10:37

<+silo> niha, why'd you decided to go with futurepath?

<@NihabaAshi> It was recommended to me about a week after a friend told me his institutional firm was switching to it... 10:38

Both recommendations by different people...retail trader and institutional head trader

<+silo> tough action today after that big drop 10:42

<+rickf> ok i am done for a while -- my mind is not in the game today and i'm getting sloppy/stupid

<@NihabaAshi> Tomorrow contract change for the DAX ??? 10:43

<+szubaark> exit stop moved to breakeven ES @ 1344 «« paper »» 10:44

<+rickf> think so

<+startrader> Long NQ @ 1961.25

<+silo> Covered 1/2 ER2 Short @ 728.20 --> + 2.2 «« paper »» 10:45

<@NihabaAshi> Covered 3/4 ER2 Short @ 728.60 --> + 2.4 «« simulator Photon Trader »»

<+KN-ES> Covered 1 ES Short @ 1339 --> + 20

h1

<+Spartan_Away> Covered all ES Short @ 1339 --> + 5 «« paper »»

<+silo> i triggered a massive covering?

haha just kidding

<+pat255> vn kn entry from yesterday 10:46

<+KN-ES> thanks :)

<+peterpanboy> nice KN

<+KN-ES> sitting and cashing .... 10:47

thanks

<+peterpanboy> umh too easy and meantime watching football....

<+TrDs> Long ER2 @ 728.4

stop loss .5 10:48

<+KN-ES> actually that football saved this trade :)

wasnt following at all

<+TrDs> Exited 3/4 ER2 Long @ 728.6 --> + 0.2

stop loss .2 10:49

<+peterpanboy> sometimes better close eyes and another thing... but with stop loss activated

<+startrader> Long NQ @ 1959.25 -> Add

<+peterpanboy> from wich price and time this short started KN?

<+Andy> Long ES @ 1338.5 10:50

<@NihabaAshi> Covered Remainder ER2 Short @ 728.00 --> + 3.6 «« simulator Photon Trader »»

<+KN-ES> cool 10:51

<+silo> Covered Remainder ER2 Short @ 728.30 --> + 2.2 «« paper »»

<+TrDs> Long ER2 @ 728.00

stop loss .2

Exited 3/4 ER2 Long @ 728.4 --> + 0.4

<+anglo> do you see speed differences compared to x-trader? 10:52

<@NihabaAshi> Their equal so far :)

<+TrDs> Shorts ER2 @ 727.8

<+startrader> Exited all NQ Long @ 1957.25 --> - 6

<+szubaark> Covered all Short ES at 1337 --> + 7 «« paper »»

<+Andy> Exited all ES Long @ 1337.75 --> - 0.75

<+TrDs> Covered 3/4 ER2 Short @ 727.3 --> + 0.5

stop loss .5 10:53

<@NihabaAshi> anglo...tomorrow is a big day for Economic reports that produce a ton of fast volatile price action...

0830am est and 1000am est

<+anglo> anyone have YM data outage?

<Bambam-77> i feel we going to our trpl btm trgt es at 33.5 area as pos trgt but what is in a trgt other than a number lol

<@NihabaAshi> I'll be using my Camtasia recording to make sure the platform comparison are documented for closer review over the weekend 10:54

<+anglo> kewl niha.

I do not curently have the resources to test side by side

<@NihabaAshi> I'm going to do tomorrow side by side comparison on ONE computer. 10:55

Next week will do the side by side comparison with two computers...each on a separate system

<+TrDs> Covered 1/4 ER2 Short @ 725.8 --> + 2

<+startrader> Long NQ @ 1953

<+anglo> ok. I'll wait for your full test and report... :) 10:56

I have an iqfeed YM data outage 10:59

<+KN-ES> anglo, which data feed? 11:00

<+anglo> iqfeed

<+KN-ES> afraid cannt help u there, dont have it

<+anglo> dtn iq

<+Andy> Long NQ @ 1955 11:03

Exited 1/2 NQ Long @ 1956 --> + 1 11:05

<+startrader> Exited 1/2 NQ Long @ 1957 --> + 4 11:06

<+Andy> Exited 1/4 NQ Long @ 1958 --> + 3 11:07

<+startrader> Exited Remainder NQ Long @ 1960.50 --> + 7.5 11:08

<+Spartan_Away> Shorts ES @ 1341.50 «« paper »»

<+tzar> very nice startrader

<+TrDs> Shorts ER2 @ 728.2

<+Andy> Exited Remainder NQ Long @ 1959.5 --> + 4.5 11:09

<+szubaark> Shorts ES @ 1341.50 «« paper »»

<+TrDs> Covered 3/4 ER2 Short @ 727.9 --> + 0.3

stop loss .3

<+startrader> Shorts NQ @ 1961.50 11:10

<+TrDs> Shorts ER2 @ 728.4

Covered 3/4 ER2 Short @ 727.9 --> + 0.5

stop loss .3

<+silo> Shorts ER2 @ 727.80 «« paper »» 11:12

<+tzar> Shorts ER2 @ 728.20

<+startrader> Covered 1/2 NQ Short @ 1959.75 --> + 1.75

<+tzar> Covered all ER2 Short @ 727.80 --> + 0.4 11:13

<+TrDs> Long ER2 @ 728.40

Exited 3/4 ER2 Long @ 728.90 --> + 0.5

<+silo> Covered ER2 Short @ 728.90 --> - 1.1 «« paper »»

Reverse and Enter Long ER2 @ 728.90 «« paper »»

<+TrDs> stop loss .3 11:14

<@NihabaAshi> Ok...finish making some changes to how this thing looks on my screen to increase efficient use of my eye movement from window to window 11:15

<+tzar> TrDs very well done on all your trades! 11:17

<+KN-ES> short 1341.50 ------------ add 11:18

<@NihabaAshi> Shorts ER2 @ 728.50 -> medium size «« simulator Photon Trader »» 11:19

<+silo> niha, show us a screenshot of your new setup

:D

<+KN-ES> :)

<+silo> Exited all ER2 Long @ 728.40 --> - 0.5 «« paper »»

<+startrader> Shorts NQ @ 1962.25 -> Add 11:21

<+KN-ES> out (-3) + 0.50 11:22

sl (41.50) ......... 1.50 (43.00)

h 3 + 1 11:23

<@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

<+startrader> Shorts NQ @ 1963.50 -> Add 11:25

<@NihabaAshi> weird...just had a sell order executed without me putting in any order :( 11:26

Need to find out what I did wrong

Covered all ER2 Short @ 729.40 --> - 0.9 «« simulator Photon Trader »» 11:27

Long ER2 @ 729.40 -> medium size «« simulator Photon Trader »»

<+rickf> short dax 6729.25 paper sm sz 11:30

<+startrader> Covered 1/2 NQ Short @ 1961 --> + 2.5

<@NihabaAshi> it did it again :(

<+szubaark> :(

<+tzar> call them up NihabaAshi

<@NihabaAshi> I'm on auto trade right now without me touching any thing... 11:31

Something got activated.

Exited ER2 Long @ 728.30 --> - 1.1 «« simulator Photon Trader »» 11:32

fixed it 11:33

<Boss> dAmN iT's OnLy iRC !!

<+Boss> Thanks For The Voice NihabaAshi ×Tracer Script×

<+rickf> exit dax 6731 - 1.75 paper 11:34

<+Spartan_Away> Covered all ES Short @ 1343 --> - 1.5 «« paper »»

<@NihabaAshi> Long ER2 @ 729.40 -> medium size «« simulator Photon Trader »»

<+silo> Long ER2 @ 729.70 -> medium size «« paper »»

<@NihabaAshi> Exited ER2 Long @ 731.00 --> + 1.6 «« simulator Photon Trader »» 11:37

<+KN-ES> short 1344.50 ------------ add 11:38

S.L. ------ 47.75

<+Andy> Shorts ES @ 1344.5

Covered 2/3 ES Short @ 1343.5 --> + 1 11:39

<+tzar> vn Andy

and as always KN-ES 11:40

<+Andy> thanks, tzar...and I got the spelling right today :)

<+tzar> ;)

<+KN-ES> out (-7) + 1.00

<@NihabaAshi> Going to post a random trade to test the "auto scroll" that I'm trying to figure out how to use to reduce my number of clicks via the mouse.

Long ER2 @ 730.40 -> small size «« simulator Photon Trader »» 11:41

1 only

Exited ER2 Long @ 730.70 --> + 0.3 «« simulator Photon Trader »» 11:42

<+Andy> Shorts ES @ 1344.25 -> Add

<+rickf> long es 1344 paper

<@NihabaAshi> silo...will post a screen shot in a minute...give me a few minutes to blacken out the other room info you know about and my X_Trader account info

* codehead_afk is now known as codehead 11:43

<+tzar> wow nice Andy

<+rickf> good call andy

exit es 43 -1 paper

<+Andy> Covered 1/3 ES Short @ 1342.75 --> + 1.5

thanks tzar, rickf 11:44

<+rickf> k i am off for the day - got a ton of stuff to work on, and my mind still aint in the game, as evidenced by goign long where i meant to go short.

<+Andy> h1

<+rickf> back later if the weather gets bad

<+Andy> good move, rickf

I've been taking breaks every 90 min... 11:45

<+tzar> im about to go eat too

<+Andy> start losing focus after that time

<+tzar> starving here

<+Andy> Covered Remainder ES Short @ 1344 --> + 0.5 11:49

<+startrader> Shorts NQ @ 196725 11:50

Shorts NQ @ 1967.25

<+szubaark> woow.. what a spike on NQ 11:52

<@NihabaAshi> silo...here's that image (Photon Trader on right side)... 11:55

http://www.thestrategylab.com/images/061 808PhotonTraderScreenshot.png

<+KN-ES> Covered ES Short @ 1347.75 --> + 11.25 11:56

Shorts ES @ 1347.75

<+Splurge> ?

<+KN-ES> stopped out

Covered 1/2 ES Short @ 1345.75 --> + 2 11:59

s.l .5

48.25

Covered ES Short @ 1345.50 --> + 2.25 12:01

Reverse and Enter Long ES @ 1345.50

s.l 1.25 12:02

<+Spartan_Away> Long ES @ 1345.75 «« paper »»

<+KN-ES> brb 12:03

<+Spartan_Away> Exited all ES Long @ 1344.25 --> - 1.5 «« paper »» 12:08

<HK> Shorts ER2 @ 732.4

<+Spartan_Away> Long ES @ 1344.25 «« paper »» 12:15

<+KN-ES> Long ES @ 1344.00 12:17

s.l 1.25

Exited ES Long @ 1343.50 --> - 0.5 12:31

Reverse and Enter Short ES @ 1343.50

s.l 1.25

<+Spartan_Away> Exited all ES Long @ 1343.50 --> - 0.75 «« paper »» 12:32

<@NihabaAshi> Long ER2 @ 731.60 -> small size «« simulator Photon Trader »» 12:33

3 only

<+HK> Covered all ER2 Short @ 731.9 --> + 0.5

<@NihabaAshi> Exited all ER2 Long @ 732.20 --> + 0.6 «« simulator Photon Trader »» 12:35

<+palmer> really why 12:37

<@NihabaAshi> weak support area ER2 12:56

Long ER2 @ 728.00 -> medium size «« simulator Photon Trader »» 13:08

<szubaark> exit stop moved to breakeven ES @ 1341.50 «« paper »» 13:10

<@NihabaAshi> Long ER2 @ 727.30 -> Add «« simulator Photon Trader »» 13:12

Exited ER2 Long @ 726.80 --> - 1.7 «« simulator Photon Trader »» 13:16

Long ER2 @ 726.90 -> large size «« simulator Photon Trader »» 13:17

should have been a small size but went large :( 13:18

Exited ER2 Long @ 727.70 --> + 0.8 «« simulator Photon Trader »» 13:19

<+szubaark> Covered all Short ES at 1336.75 --> + 4.75 «« paper »» 13:21

<@NihabaAshi> Long ER2 @ 728.20 -> medium size «« simulator Photon Trader »» 13:22

<@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 13:29

<@NihabaAshi> Exited ER2 Long @ 727.00 --> - 1.2 «« simulator Photon Trader »» 13:32

Long ER2 @ 727.70 -> medium size «« simulator Photon Trader »» 13:33

auto stop in...hopefully it works... 13:34

be back in 10mins :) 13:35

* NihabaAshi is now known as NihabaAshi_away

<+HK> Long ER2 @ 727.2 «« paper »» 13:45

* NihabaAshi_away is now known as NihabaAshi 13:50

<+tzar> Shorts ES @ 1337.75 13:59

Covered all ES Short @ 1340.00 --> - 2.25

<@NihabaAshi> :( ??? 14:00

Exited all ER2 Long @ 727.60 --> - 0.1 «« simulator Photon Trader »»

<+tzar> NihabaAshi?

<@NihabaAshi> Bizaare...I haven't setup any trailing stops just yet (will do tomorrow) and a trailing stop was activated at -0.10 tick while I was putting in a profit stop of 728.70 14:02

<+HK> Exited 1/3 ER2 Long @ 728.6 --> + 1.4 «« paper »»

<@NihabaAshi> there's an obvious "default" setting somewhere I need to find and deactivate 14:03

<+palmer> how much is your trailing stop NIHA 14:04

<@NihabaAshi> Depends on the price action 14:05

I don't use a fix number

<+palmer> ok

<@NihabaAshi> However, in this simulator, I'm trying to set it up for an "auto trail" to kick in at what ever designated price is reached. 14:06

I'll get it figure out before the week is over on how to do it even though the instructions are simple :) 14:07

<+szubaark> trading 1 contract i dont have to worry about all those fancy "auto trailing" gadgets :) 14:08

<@NihabaAshi> szu...its only useful when the market is in that Pin Ball Machine price action or when I'm doing position reversals 14:11

Other than that...all I need is simple Buy and Sell buttons 14:12

Shorts ER2 @ 728.00 -> medium size «« simulator Photon Trader »» 14:20

<+rickf> back and lurking 14:21

<+szubaark> Niha, are you Profitible on the simulator? 14:22

<@NihabaAshi> Not yet...trying.

Got burnt today 6 times (losses) on some others I didn't input but obviously something auto inputed them. 14:23

Will not do any more fancy order stuff until I give them a call (tech depart) soon after the close. 14:24

Covered all ER2 Short @ 726.20 --> + 1.8 «« simulator Photon Trader »» 14:25

<+startrader> Covered all NQ Short @ 1956 --> + 11.25 14:31

<robert> ;>) star 14:32

<+tzar> wtg startrader

<@NihabaAshi> Long ER2 @ 727.00 -> medium size «« simulator Photon Trader »» 14:35

<+HK> Exited 1/3 ER2 Long @ 728.8 --> + 1.6 «« paper »» 14:37

<@NihabaAshi> Exited ER2 Long @ 728.70 --> + 1.7 «« simulator Photon Trader »»

<+startrader> ty 14:38

<@NihabaAshi> Long ER2 @ 728.70 -> medium size «« simulator Photon Trader »» 14:40

<+HK> Exited Remainder ER2 Long @ 729 --> + 1.8 «« paper »» 14:41

<@NihabaAshi> Exited all ER2 Long @ 729.00 --> + 0.3 «« simulator Photon Trader »» 14:45

<+HK> Exited Remainder ER2 Long @ 729.2 --> + 2 «« paper »» 14:52

<@NihabaAshi> Price breakout in a tough resistance area 14:56

<+HK> anybody using live ninjatrader with tt feed? i'm demoing now and would like feedback as to pros and cons. also trying out photon simulator

<+anglo> I'd like feedback too HK

<@NihabaAshi> Long ER2 @ 730.00 -> small size «« simulator Photon Trader »»

<+anglo> but if you use tt feed why not use xtrader? 14:57

<+HK> x trader is like $600/mo vs $50/mo for ninja w tt feed

<@NihabaAshi> HK...that's X_Trader Pro 14:58

<+HK> what's price diff?

<@NihabaAshi> commissions, some third party plugins and stuff 14:59

<+HK> anybody paying less than $3 rt? 15:00

<+anglo> HK you can have Xtrader free, with a litle higher commish

<@NihabaAshi> Yep

<+anglo> that'd be a choice for a small volume trader needing speed 15:01

<+HK> must be due to your volume or you have cme membership Niha-may i ask who your broker is?

<+anglo> if you get big $600 fixed and a negotiated commish is probably no problem either

<@NihabaAshi> Exited all ER2 Long @ 730.50 --> + 0.5 «« simulator Photon Trader »»

<+anglo> check velocity futures HK. free platform option. 15:02

<+HK> thx anglo

<+rickf> open ecry is 2.40 rt

<+anglo> +fees 15:03

fixed costs kill small trader

<+HK> rick, that's great comm-how do you qualify for that?

<+anglo> large trader has better options

<+rickf> http://www.openecry.com/rates/rates.cfm 15:04

yes does not include the exchange fees 15:05

<+anglo> right

those rates are same as a 4.80 rt give or take a few cents 15:06

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<+HK> ok that makes sense, thx rick and anglo

<+rickf> still cheaper than my prev futures broker 15:07

er "broker who also offered futures"

<+anglo> paying that or 5.50 is not going to change yr life much as a small trader

or $6

<+tzar> i pay 4.80 rt

with infinity futures

<+HK> but when you doing 50 round turn it adds up

<+anglo> if you get big...then you can shop around for rates, membership seats, etc, etc 15:08

are you doing 50 rt?

per day?

<+HK> sometimes 100 or more other days 10-20 15:09

<+anglo> that's 1100 per month. you can negotiate a betterv rate

<+szubaark> HK u a scalper?

<@NihabaAshi> I would pass out if I did 59 rt per day :)

Meant 50

<+HK> yes and no

<+rickf> i did that a few times on demo account -- needed to generate some big losses to make some screen shots for an april fools joke this past spring 15:10

i won't say how much i moved that day

<@NihabaAshi> :)

<+anglo> well...I have said enough. 15:11

waste of time to shop rates without voplume. go with the most reliable and fastest.

<+rickf> (and every trade was counter to the market -- was actually hard to do!)

<+anglo> what is yr typical volume per month niha? 15:14

<+peterpanboy> hi guys what do you think about Interactive broker? any feedback? 15:17

<+tzar> Long ES @ 1342.75

Exited all ES Long @ 1343.50 --> + 0.75

<@NihabaAshi> I average about 180 rts per month

Ooops...that's not contract size...just average total trades 15:18

<+anglo> I have used IB for years, they are solid and big, but they have fallen behind in speed and tecnology

or that's what i think 15:19

<+peterpanboy> thanks anglo so what do you use and think is better? 15:21

<+anglo> I currently use IB, and I'm getting XT or photon in the near future, and hopefully if I become what I want, a globex machine 15:23

after a ceratin volume all costs the same

I'm sure niha doing 180 trades of 10 contracts each can negotiate a very good rate 15:24

or anybody else. big competition for clients out there between brokers 15:25

<@NihabaAshi> I can't see myself doing that type of size in this trading environment

I average about 4 contracts per trade

<+anglo> maybe not in russel 15:26

<@NihabaAshi> Yeah...if I start averaging 10 or more contracts per trade...I will start negotiating my commish

<+anglo> I cant tell you really. I'm a small fish trying to become a big one, like everyone else 15:27

what I dont get is people trying to save $10 in exchange fees or .25 in commisions and then dropping $3,000 on a bad trade or a disconnection. 15:28

or $50 in data fees

I never undesrtao 15:29

that, but that's what most people do

<+peterpanboy> yeah anglo what for me is a priority is broker reliable 15:30

<+anglo> exactly

tradestation and IB have become unreliable in my opinion.

<+peterpanboy> I meant connections not go down stop executed etc. 15:31

<+anglo> I want everyone to lose connection and then only me trading on a globex machine...lol

<+peterpanboy> wow this is not a good news...

<+anglo> and then I put whatever price I want...hehe 15:32

<+peterpanboy> and VERY important fast to answer to telephone ring..

<+anglo> yeah...too many clients

<@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

<+anglo> my current connection and data is 2 seconds behind globex

<+tzar> infinity futures.. i got direct phone line to my guy he picks up and does whatever i want 15:33

<+anglo> more during report times

<+tzar> i had my isp d/c on me yesterday

called him he took care of everything in 1 min

<+anglo> that's pretty good tzar

impossible with IB

<+tzar> no csr, no robots

<+peterpanboy> yeh sure

<+tzar> i also have him on my msn messenger 15:34

hes always online and responds right away

really happy with infinity

<+peterpanboy> yep many people complain about bad customer care with I.B

thank tzar for info about >Infinity 15:35

<+rickf> that's great tzar 15:36

<+peterpanboy> nevertheless I.B is very big also as finacial issue so very safe

<+tzar> peterpanboy your welcome

<+rickf> i've had similar luck with options-trading issues at OXPS -- very quick to respond and fix a problem

<+anglo> imho anyone doing 500 contracts or more per month can get a good deal in commish, better than the publically offered ones. ad anyoine doing 1500 or more should get a seat on the exchange 15:37

<+tzar> amp futures offers 3.80 RT

<+peterpanboy> I mean very hard I.B. do default and frozen account,that is VERY importan!!

<+anglo> yes, but IB pays interest, you can do stoicks, bonds, fx, etc from same account. it's convenient 15:38

IB is ok if you do not need super speed

<+peterpanboy> when you do many contracts means many dollars on that account as margin

yeh for that reason I think about move to I.B. 15:39

<+anglo> some brokers let you trade on very low margins. IB will not.

<+peterpanboy> yeh is a customer safe net

<+anglo> I think IB is an excellent backup broker

<+peterpanboy> and people tell me very fast to close trades when margin is hit 15:40

<+anglo> automatic in fact peterpan

<+peterpanboy> at the end not bad

<+anglo> many big traders refuse to move from IB to other

<+peterpanboy> my only concern is when something in electronic is not working to phone 15:41

<+anglo> I only have good things to say on average about them

<+peterpanboy> and find long time ringing...

<+anglo> yes

<+peterpanboy> Ok many thanks anglo 15:42

<+anglo> better have yr stop at same time you enter

if you phone you will wait, then you have to pass several saftey cjhecks, etc etc

<+peterpanboy> yes sure, I mean when something go wrong and stop is bypassed..

<+anglo> stop cant be bypassed unless exchange goes down 15:43

<@NihabaAshi> Shorts ER2 @ 730.30 -> medium size «« simulator Photon Trader »»

<+anglo> if exchange goes down, stop gets cancelled, you can hedge with SPY

if someone nukes new york...well

<+peterpanboy> yes right things anglo

<+rickf> is ok, we trade thru chicago :) 15:44

<+anglo> right...spys trade in many different exchanges

you can hedge in one that is open

<+rickf> indeed

<+anglo> 500 SPY = 1 ES mini

<@NihabaAshi> Covered ER2 Short @ 730.20 --> + 0.1 «« simulator Photon Trader »» 15:45

<+peterpanboy> my only concern if platform is frozen and yo do not know if stop is passed

<+anglo> almost perfect hedge

<+rickf> anglo - i know about those hedging, just never did the numbers to learn more about them

<+anglo> you can have platform running in 2 computers

<+peterpanboy> or maybe you place an order and you do not know if executed or not.. 15:46

<+anglo> imo it's a good idea to spend some time thinking about backup plans and investing $1,000 in implementing them

<+peterpanboy> but this case is rare but not impossible..

<+anglo> you cancel it, and if it cancels...

<@NihabaAshi> Long ER2 @ 730.10 -> medium size «« simulator Photon Trader »» 15:47

<+anglo> I had to hedge a couple of times due to exchange failure

not common,, but there you are

in the last 3 years 15:48

<+peterpanboy> great anglo,so exchange failure not broker...

<+anglo> right. you need at least 2 brokers

<@NihabaAshi> first position reversal of the day

<+anglo> I have another one which will remain nameless because it's bad 15:49

<@NihabaAshi> Exited ER2 Long @ 729.80 --> - 0.3 «« simulator Photon Trader »»

<+peterpanboy> I remember something some month ago...CME deleted order because exchange problems

<@NihabaAshi> Just wanted to do a random position reversal to see how the simulator coughs up the numbers

<+peterpanboy> yeah Nihaba good 15:50

<@NihabaAshi> Shorts ER2 @ 729.80 -> medium size «« simulator Photon Trader »»

<+anglo> if nihas test goes qwell I will likely pich photon because they have less clients

<+peterpanboy> anglo sorry SPY is it only traded on Amex which others exchange? 15:51

<+anglo> nyse, amex, arca, cincinatti, etc, etc, etc 15:52

island

if all go down...

<@NihabaAshi> Covered ER2 Short @ 730.50 --> - 0.7 «« simulator Photon Trader »»

Reverse and Enter Long ER2 @ 730.50 «« simulator Photon Trader »»

<+peterpanboy> yeh if everything go down..... :( 15:53

<+anglo> 911 everything went vdown or gotr cancelled 15:54

<+peterpanboy> yeah remember that day... my first step in trading world

I think if have some order executed a stop loss set, but not possible 15:57

go out and market open day later with a massive drawdown

<@NihabaAshi> Exited ER2 Long @ 731.30 --> + 0.8 «« simulator Photon Trader »» 16:00

<+tzar> nice hold NihabaAshi 16:01

NihabaAshi do you trade after hours? 16:05

<@NihabaAshi> Are you asking me if I "daytrade" in the after hours ??? 16:07

Shorts ER2 @ 730.80 -> small size «« simulator Photon Trader »»

If so...I do not daytrade in the after hours because of my family 16:08

<+tzar> ok 16:09

<@NihabaAshi> Has anybody notice that as of lately that the Eminis don't have that volatility punch around 4pm est any more ??? 16:14

<+ItalianSharp> yes, i've seen that niha

everything is dead at 4pm

<@NihabaAshi> Covered ER2 Short @ 731.40 --> - 0.6 «« simulator Photon Trader »» 16:15

ItalianSharp...it's a hint that the overall volatility is drying up... 16:16

Setting up for a big trend day soon

<+ItalianSharp> yeah...we are due for a big day

<@NihabaAshi> I hope that trend day doesn't occur when I'm on the simulator :(

<+T-stop> Nihaba how did you like the new platform overall 16:17

<@NihabaAshi> It has "too many" defaults setup that I need to re-organize and learn more about because as soon as I put in a mechanism that said as soon as ER2 moves +10 ticks in my favor...move initial stop to a +1 tick trailing stop... 16:18

All hell broke out :) 16:19

<+peterpanboy> Ok nihaba good luck for testing the platform

<+anglo> I'm glad niha is testing it instead of me...heh 16:20

<@NihabaAshi> Take care all...hopefully tomorrow will be a more easy going trading day on the simulator.

<+T-stop> cya

<+peterpanboy> yeah many thank Nihaba if need counsel about music-electronic I am an expert 16:21

<@NihabaAshi> :)

* NihabaAshi is now known as NihabaAshi_away

<+peterpanboy> Ok guys see ya tomorrow 16:22

thanks anglo and tzar for broker tips

good afternoon 16:23

bye

<@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.htmSession Close: Wed Jun 18 17:52:07 2008 17:38

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In addition, below are the trading instruments our chat room members monitor closely to make trade decisions:

CME Emini Futures EMD, ER2, ES and NQ

CBOT mini-sized Dow Futures YM

Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50

Eurex Fixed Income Derivatives BUND, BOBL and Schatz

Euronext Futures FTSE-100 and CAC-40

CME Futures EuroFX EC

Treasury Futures T-Notes ZN, ZF and T-Bonds ZB

Forex Currencies EurUsd, EurYen and UsdCdn

Exchange Traded Funds DIA, IWM, QQQQ, SPY, OIH, XLE and GLD

NYMEX Energies Light Crude Oil CL, e-miNY QM and Natural Gas NG

COMEX Metals Gold GC and ZG

Hang Seng Index Futures HSI

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