#FuturesTrades June 24th Tuesday 2008 Trade Log

Today's Observation: I'm still testing Infinity Futures simulator called Infinity AT until June 30th Monday to determine if the software and broker will become one of my backup brokers to replace a backup broker I'm no longer satisfy with.

Also, 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	Learn More
	Session Start: Tue Jun 24 09:23:04 2008Session Ident: #futurestrades
* Now	talking in #futurestrades	09:23
<@X>	[NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<werner>	werner hoe gaat het	09:24
<+tzar>	gm NihabaAshi
<+werner>	no german here:)
	gm niha
<PapaJon>	gm all
<Mauro>	gm
<+tzar>	werner i got no clue what you said
<anglo>	gm
<+tzar>	... i found a website with simple translations :)	09:25
<+werner>	i dont live in germany
<+tzar>	oh
	but you do speak it dont you?
<+werner>	nederlands
	yes i littel
<jsbach>	werner: is it true that holland does not tax futures traders?
<+tzar>	what do you speak?
<@NihabaAshi>	I think he speaks english :)
<+werner>	nederlands
	lol
<+tzar>	:)
<+werner>	yes jsbach	09:26
* +jsbach	shorts NQ @ 1912
<+tzar>	NihabaAshi i played with ninja trader.. you might like it as well, it has a revers button, but not very easy to change # of contracts	09:27
<drt>	gm everyone	09:30
* +jsbach	exit NQ @ 1914 ---> -2
<+Mauro>	Shorts ER2 @ 716.4	09:31
<startrader>	Shorts NQ @ 1916.25
<+Mauro>	Covered 1/2 ER2 Short @ 715.4 --> + 1	09:32
<+jsbach>	NQ trying possibly completing 4th wave (60min)
<+Mauro>	Covered Remainder ER2 Short @ 715 --> + 1.4
<ripsboy>	gm all...
* +jsbach	short NQ 1915
<+jsbach>	gm ripsboy	09:33
<@NihabaAshi>	Shorts ER2 @ 714.40 -> large size «« simulator Infinity AT »»	09:38
<+Spartan_Away>	Shorts ES @ 1315 «« paper »»
* Spartan_Away	is now known as Spartan
<@NihabaAshi>	Covered all ER2 Short @ 713.60 --> + 0.8 «« simulator Infinity AT »»	09:39
<szubaark>	Shorts ES @ 1515.50 «« paper »»	09:40
<@NihabaAshi>	Shorts ER2 @ 712.90 -> large size «« simulator Infinity AT »»	09:41
<+startrader>	Covered 1/2 NQ Short @ 1910 --> + 6.25	09:42
<Splurge>	gm
<@NihabaAshi>	Covered all ER2 Short @ 712.80 --> + 0.1 «« simulator Infinity AT »»
<+Spartan>	Covered all ES Short @ 1313.50 --> + 1.5 «« paper »»	09:43
<+szubaark>	Covered all Short ES at 1313.50 --> + 202 «« paper »»
<+Mauro>	nice trade startrader
<+szubaark>	Covered all Short ES at 1515.50 --> 0 «« paper »»
	Shorts ES @ 1313.50 «« paper »»	09:44
	Shorts ES @ 1315.50 «« paper »»
<@NihabaAshi>	Shorts ER2 @ 711.50 -> large size «« simulator Infinity AT »»
<+szubaark>	Covered all Short ES at 1313.50 --> + 2 «« paper »»
<+startrader>	Covered Remainder NQ Short @ 1911 --> + 5.25	09:45
	ty m.
<pat255>	vn	09:46
<+jsbach>	Short ER2 @ 711
<@NihabaAshi>	Covered all ER2 Short @ 710.70 --> + 0.8 «« simulator Infinity AT »»	09:47
	Long ER2 @ 710.80 -> large size «« simulator Infinity AT »»	09:48
<+Spartan>	Long ES @ 1311.50 «« paper »»
	see if we get some short covering before news:)	09:49
<+startrader>	Taking out the march 28 rth low convincingly, will look for ah low to hod to consider a db.	09:51
<+Spartan>	Exited all ES Long @ 1309.75 --> - 1.75 «« paper »»	09:52
	no covering:(
<+szubaark>	Buys ES @ 1310 «« paper »»
<+Spartan>	Long NQ @ 1908.75 «« paper »»	09:53
<+pat255>	data in 5?	09:55
<+startrader>	When I was out at 6:00am this morning oil was at $138 and 2 gas stations were lowering their prices $.10 to $3.90, consider that a short signal.
<pdays>	Long ER2 @ 709.9 «« paper »»	09:56
<+pdays>	Exited 1/3 ER2 Long @ 710.4 --> + 0.5 «« paper »»
* subq	-=market profile charts for today=- http://www.charthub.com/chart/search/mpc hart	09:57
<+Spartan>	Exited all NQ Long @ 1908.50 --> - 0.25 «« paper »»	09:58
<@NihabaAshi>	Exited all ER2 Long @ 709.90 --> - 0.9 «« simulator Infinity AT »»
<+pdays>	Long ER2 @ 709.4 -> Add «« paper »»
	Exited 1/3 ER2 Long @ 710. --> + 0.6 «« paper »»	09:59
	Exited Remainder ER2 Long @ 708.3 --> - 1.6 «« paper »»	10:00
<+Mauro>	.	10:04
<+Spartan>	Long NQ @ 1903 «« paper »»	10:06
<+startrader>	Shorts NQ @ 1904	10:08
<@NihabaAshi>	Shorts ER2 @ 708.40 -> large size «« simulator Infinity AT »»	10:10
	Covered all ER2 Short @ 709.20 --> - 0.8 «« simulator Infinity AT »»	10:11
<+Spartan>	Exited all NQ Long @ 1907 --> + 4 «« paper »»
<+startrader>	Shorts NQ @ 1907.50
<@NihabaAshi>	Long ER2 @ 709.90 -> large size «« simulator Infinity AT »»
	Exited all ER2 Long @ 710.00 --> + 0.1 «« simulator Infinity AT »»	10:13
	Shorts ER2 @ 709.50 -> large size «« simulator Infinity AT »»	10:14
<+startrader>	Covered 1/2 NQ Short @ 1904 --> + 3.5	10:15
<@NihabaAshi>	Covered all ER2 Short @ 709.30 --> + 0.2 «« simulator Infinity AT »»	10:16
<dragon310>	Shorts ER2 @ 709.80	10:18
<@NihabaAshi>	Shorts ER2 @ 709.20 -> large size «« simulator Infinity AT »»	10:19
<+szubaark>	Exited all Long ES at 1308.25 --> - 1.75 «« paper »»
	Shorts ES @ 1308.25 «« paper »»
<@NihabaAshi>	Covered all ER2 Short @ 710.20 --> - 1 «« simulator Infinity AT »»
* codehead_afk	is now known as codehead
<+Spartan>	Shorts ES @ 1309 «« paper »»	10:20
	stp 1311 brb
<+tzar>	interesting, ES NQ and ER all near whole levels
<@NihabaAshi>	Long ER2 @ 710.80 -> large size «« simulator Infinity AT »»
	Exited all ER2 Long @ 710.20 --> - 0.6 «« simulator Infinity AT »»	10:21
	Shorts ER2 @ 709.30 -> large size «« simulator Infinity AT »»	10:22
<Trader>	Short ES 1309.5 Paper	10:23
<@NihabaAshi>	I'm noticing a 2 - 4 tick slippage on market orders larger than 6 contracts
<+PapaJon>	thats not cool
<+tzar>	its sim though	10:24
<@NihabaAshi>	Not every time it happens but most of the time.
	Will take a break here soon to do some personal stuff...	10:25
<+startrader>	Covered Remainder NQ Short @ 1903 --> + 4.5
<+tzar>	nice hold startrader
<@NihabaAshi>	When I return will do some ES to see if the same slippage occurs in comparison to ER2
	I notice the "Flatten" position button has a slight delay of 1 tick in comparison to the "BUY MKT" or "SELL MKT" button that are instant.	10:27
* Spartan	is now known as Spartan_Away	10:28
<@NihabaAshi>	Covered all ER2 Short @ 710.10 --> - 0.8 «« simulator Infinity AT »»
	volatility is low so small size should have no slippage...	10:29
	will do a few random small size trades to see if that's true.
	Shorts ER2 @ 708.10 -> small size «« simulator Infinity AT »»	10:30
	Covered ER2 Short @ 708.80 --> - 0.7 «« simulator Infinity AT »»
	same 2 - 4 tick slippage :(	10:31
<+szubaark>	on ES?	10:32
<@NihabaAshi>	Shorts ER2 @ 707.70 -> large size «« simulator Infinity AT »»
<+tzar>	nq going down	10:33
<+Spartan_Away>	Covered all ES Short @ 1309 --> 0 «« paper »»	10:34
<@NihabaAshi>	Infinity's quotes are fast as anyone's else I've used that I consider to be fast	10:35
	Covered all ER2 Short @ 707.10 --> + 0.6 «« simulator Infinity AT »»	10:36
	Long ER2 @ 707.20 -> large size «« simulator Infinity AT »»
	Exited all ER2 Long @ 707.60 --> + 0.4 «« simulator Infinity AT »»	10:40
	Long ER2 @ 707.10 -> large size «« simulator Infinity AT »»	10:42
<+tzar>	i wussed out and canceled my 1309.25 short, now im biting my elbows
<@NihabaAshi>	excellent fills when going Long on downticks or Short on upticks :)	10:43
	Be back later and will post a late trade result...got it on Auto trade management if it reaches 707.90	10:44
* NihabaAshi	is now known as NihabaAshi_away
<+Trader>	cover es 1310.00 -.5 Paper	10:48
<@X>	#FuturesTrades Info -> No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended without their permission. More info at www.thestrategylab.com/FuturesTradesChat Room.htm
<+szubaark>	ES trying Hard to retrace some of the downmove
<+startrader>	Shorts NQ @ 1903.50	10:49
<+codehead>	YM just hit .382 retrace at 11780	10:51
	11799 next level to test
	11798 touched	10:56
<+startrader>	Shorts NQ @ 1907.25 -> Add
<+codehead>	.500 retrace of yesterday after noon high to today's low	10:57
<+szubaark>	what a frikin ramp up	11:00
	Short SQueeze
<+codehead>	11817 is .618	11:01
	hit 11815
<+pat255>	hi KN	11:24
<KN-ES>	hi pat255	11:25
<+KN-ES>	how is ur day?
<+pat255>	k ..so far ...1 trade ..
	read your comments on forum ..thks ..
<+KN-ES>	I will post today trade shortly in the forum and then I am done posting trades in the forum :).............two back to back trades in charts as promised	11:26
	todays
<+pat255>	k,,,
<+Trader>	short es 1320 paper
<+KN-ES>	i have 1 contract open
	just waiting to get out of this
	:)
	took 3 trades
<+pat255>	vn	11:27
<+KN-ES>	:)
	it is a nice day
<+pat255>	yr trade setup is on 1 min chart?	11:28
<+KN-ES>	i dont use charts to get in
	only to get out
<+pat255>	kty
<+KN-ES>	i posted 1 min charts coz thats the only chart i have open	11:29
	all the time
<+pat255>	& the vol u have on the DOM u use for entry?
<+KN-ES>	yes
<+pat255>	k...
<+KN-ES>	you will find a pic in the forum	11:30
	i posted a pic there
<+pat255>	yes saw that ...
<+KN-ES>	want the price to hit 14.75
	:)
	thats my stop
	trying to get out of the trade
<+pat255>	S here?	11:31
<+KN-ES>	yes
	took out all the contracts, leaving one
	was thinking of 27.25
<+Trader>	cover es 1318.5 +1.5 paper	11:35
<+pat255>	Kn can i pm u?	11:37
<+KN-ES>	sure
	i m not trading, just waiting this price to hit my stop or my target	11:38
	we need to break 23.75	11:46
	dont see anying from there to 27.25
<+anglo>	.	12:12
<+KN-ES>	hi anglo	12:13
<Widgetman>	what is your forum link again KN ?	12:15
<+KN-ES>	let me get out of this trade, then i will post it here	12:17
	i m still in the trade
<+tzar>	Widgetman.. http://thestrategylab.com/forum/index.ph p?topic=363.msg859#msg859	12:19
<palmer2000>	what trade u in KN	12:20
<+KN-ES>	long	12:23
	from 12.50	12:24
	this 23.75 ..........will be borken. the only question is how long will it take	12:25
<+pat255>	y....	12:26
<+KN-ES>	dont see any vol to take it down right now
	well, its broken :)	12:27
<+palmer2000>	sweet trading KN
<+KN-ES>	now lets see if it can stand there
<+anglo>	:>D !	12:28
<+KN-ES>	we should get a big bounce from 29.25
	unless there are new high vol get in
<+Widgetman>	thx KN	12:29
<+KN-ES>	target is 27.253
	just a tick shy..............
	come on
	uw Widgetman
<+Widgetman>	hide da short btn	12:30
	hehe
<+KN-ES>	:)
<+Widgetman>	where do I see ya chart KN ?
<+palmer2000>	get a bounce from 29.25?	12:31
	what do you mean
<+KN-ES>	i will get out at 27.25, then i will post
<+palmer2000>	we are below
<+KN-ES>	the chart in few min
<+Widgetman>	k
	was looking for old one
	seems I had to log in first
<+KN-ES>	we toucched 27.25
<+tzar>	did you get out kn?
<+KN-ES>	but i need 27.50 to get out
<+tzar>	no limit order?
<+KN-ES>	nop it adds a tick	12:32
	pice will have to go to 27.50 to get 27.25 executed
	you know the spread
<+tzar>	yep
<+KN-ES>	1 tick
<+tzar>	market if touched?
	order
<+KN-ES>	i need to to get 27.25
	:)
<+tzar>	thats discipline	12:33
<+KN-ES>	if i have to wait i will wait
<+tzar>	you wont sacrafice 1 tick ?
<+KN-ES>	if i have to loose another 5 points i loose
	but deal is deal, no change in the middle of the trade
<+Trader>	why did you choose 27.25 as the target	12:34
<+Widgetman>	4/8 MM line is 1328
<+KN-ES>	well i m already up in this trade, i not considering negotiating anyting
<+Widgetman>	I expecta tap
<+KN-ES>	anthing	12:35
	27.75 is a storng res
	so i m already 2 tick shy
	well, in this sense, i will get out at 23.50 if it touched	12:36
	and i dont really think we will touch 23.50 b4 touching 29.25
	I will post a 2 min chart toaday, since 1 min chart will be huge in length	12:37
	6-30 till now........its a long time	12:38
<Andy>	Long NQ @ 1927.25	12:40
<+KN-ES>	gm Andy	12:41