#FuturesTrades June 25th Wednesday 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: Wed Jun 25 08:29:50 2008Session Ident: #futurestrades
* Now	talking in #futurestrades	08:29
<@X>	[NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<pat255>	gm N	08:33
<tzar>	morning everyone	08:34
<+tzar>	NihabaAshi youre early today
<jsbach>	gm	08:35
<@NihabaAshi>	tzar...been up since 3am est watching Eurex to setup some live recordings
<anglo>	gm all	08:37
<+tzar>	cool! i went to sleep at 3am :)	08:38
<@NihabaAshi>	I plan on taking a long break today before the FOMC Announcemnt so that I can catch up on some sleep
<+tzar>	:)	08:40
	Are you watching the game today ?
	gm lisa
<+jsbach>	tzar, i know you were up late	08:41
<lisa>	gm
<+jsbach>	b/c u said hi 2 me and i replied back and by then u were asleep :p
<@NihabaAshi>	I have a question for the room that I will repeat later again today...	08:43
	Can you open up you broker trade execution program on two different computers so that BOTH are active via the same internet connection ???	08:44
	If so, what platform are you using ???	08:45
<+tzar>	same broker account?	08:46
<@NihabaAshi>	Yes
<+tzar>	I would think you wuold have troulbe logging in the second time with the same user/pass	08:47
<@NihabaAshi>	Yes but there are some platform out there that recognizes the SAME IP or Connection and allow such.
	Simply, a trade executed on one computer will show the same results on the other computer that has the program open	08:48
<+tzar>	Cant help you there	08:51
	omg, i have 5000$ in unauthorized transactions on my credit card!
	any idea whats INR ( some currency) ?
<@NihabaAshi>	:(	08:52
	Better contact the card folks NOW
	Cancel Card
	Ask for a new card
	Then resolve the theft issue with the old card number
<+tzar>	On the phone already	08:53
<palmer>	i had 2000 2 months ago on my ATM debit card
<+tzar>	this is second time this year
<+palmer>	foreign country transaction
<@NihabaAshi>	ooouch
<+tzar>	INR = Indian Rupies
<+jsbach>	make sure your computer does not have any trojan viruses	08:54
<+tzar>	it dont, as i dont use my cc online
	and i recently formated
<@NihabaAshi>	Ex-Indian girlfriend ???	08:55
<+tzar>	also im behind a router firewall, and antivirus
	haha NihabaAshi, no
<rep1acs>	just curious if its proven to be unauthorised transfer, would u be refunded?
<@NihabaAshi>	Yep...American Express and VISA does such	08:56
	Don't know about anybody else
<+tzar>	I was refunded right away last time
	mastercard
<+rep1acs>	good to hear that
<+tzar>	last time it was like 2000$
	this time its 5000$
	its growing via exponential progression	08:57
<+rep1acs>	ouch..lol
<+tzar>	but last time they called me before i called them
<@NihabaAshi>	You should get an "authorize limit" put on your card.	08:59
<+tzar>	i have
	it wasnt a single transaction
<@NihabaAshi>	For example, any purchase of accumulation purchases that exceed 2k cannot go through until YOU discuss such with your cc from the merchant site
<+tzar>	its over 19 days
<+jsbach>	I use a mastercard that is a debit card but functions as a credit card for purchases for which there is enough funding.. anyway, my bank will not allow more than $600 in one day unless I call them first
<+tzar>	biggest transaction there is 900$ at onces	09:00
	oh well at least that woke me up	09:01
	might do some trading, didnt plan to.. watching the game	09:02
<+palmer>	what time is the semis today
<+tzar>	semis?
<+palmer>	or is it tomorrow
<+rep1acs>	today 30mins after fomc	09:03
<+anglo>	ahhhh...the joys of living in Russia... :)	09:07
<ripsboy>	gm traders...	09:16
<+tzar>	gm Andy	09:17
<Andy>	gm tzar, all	09:18
<lumenPharmer>	gm all
<+tzar>	morning Flex	09:22
<Flex>	hallo	09:23
<ItalianSharp>	morning all	09:25
<silo>	morning sharpy
<+tzar>	gm yall	09:26
<+Flex>	hallo
<PapaJon>	gm all	09:27
<drt>	gm all	09:30
<+silo>	60 min chart shows that we are at the top of the down channel
<Splurge>	gm	09:32
<+silo>	Shorts ER2 @ 710 «« paper »»	09:33
<@NihabaAshi>	Shorts ER2 @ 709.80 -> large size «« simulator Infinity AT »»	09:34
<+silo>	globex support at 709.3
<@NihabaAshi>	Covered all ER2 Short @ 709.20 --> + 0.6 «« simulator Infinity AT »»	09:36
<+tzar>	gm startrader	09:38
<@NihabaAshi>	Long ER2 @ 710.60 -> large size «« simulator Infinity AT »»
<+silo>	Covered Remainder ER2 Short @ 711.40 --> + 13.1 «« paper »»	09:39
	wtf
<@X>	#FuturesTrades Info -> No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended without their permission. More info at www.thestrategylab.com/FuturesTradesChat Room.htm
<+silo>	that's nto right
<+tzar>	i was thinking the same thing
<@NihabaAshi>	Exited 1/2 ER2 Long @ 712.80 --> + 2.2 «« simulator Infinity AT »»	09:40
	Exited Remainder ER2 Long @ 713.50 --> + 2.9 «« simulator Infinity AT »»	09:41
	Ok...all those trades was via how I normally trade.
	Will now go to doing ONLY random trades to continue testing different features in Infinity AT	09:42
<werner>	gm all	09:43
<@NihabaAshi>	Shorts ER2 @ 712.30 -> small size «« simulator Infinity AT »»	09:45
	Covered all ER2 Short @ 713.30 --> - 1 «« simulator Infinity AT »»
	Shorts ER2 @ 713.00 -> small size «« simulator Infinity AT »»	09:47
<+Andy>	Long ES @ 1324.5	09:52
<@NihabaAshi>	Covered 2/3 ER2 Short @ 711.10 --> + 1.9 «« simulator Infinity AT »»
	Nice working AUTO trail feature AT has.	09:53
<szubaark>	Shorts ES @ 1324.75 «« paper »»
<@NihabaAshi>	Covered Remainder ER2 Short @ 711.70 --> + 1.3 «« simulator Infinity AT »»
<+Andy>	Exited 1/2 ES Long @ 1325 --> + 0.5	09:54
	Exited Remainder ES Long @ 1324.75 --> + 0.25	09:55
	that is 0, not .25
<+szubaark>	exit stop moved to breakeven ES @ 1324.75 «« paper »»	09:57
<+werner>	niha? how many points or % trail do you use
<+Andy>	Long ES @ 1324	09:58
<@NihabaAshi>	In AT I'm using the trail becomes active when the trade goes 10 ticks (1 point) in the profit...active trail of 7 ticks from current price
<startrader>	home sales 1 min
<+werner>	ok tx :)	09:59
<@NihabaAshi>	I then do a "manual" exit when a profit target is reached for my initial scale out
<+szubaark>	Covered all Short ES at 1324.75 --> 0 «« paper »»
<+werner>	tx niha
<+Andy>	Exited 1/2 ES Long @ 1325 --> + 1	10:00
	Exited 1/4 ES Long @ 1325.25 --> + 1.25	10:01
	Exited ES Long @ 1326.5 --> + 2.5	10:02
	h1
<+szubaark>	Shorts ES @ 1325 «« paper »»	10:03
<+Andy>	Exited Remainder ES Long @ 1324.75 --> + 0.75
<@NihabaAshi>	Long ER2 @ 712.90 -> medium size «« simulator Infinity AT »»	10:04
<+Andy>	Shorts ES @ 1326	10:05
	Covered 2/3 ES Short @ 1325.25 --> + 0.75	10:06
<+silo>	Shorts ER2 @ 712.60 «« paper »»
<@NihabaAshi>	Exited ER2 Long @ 712.20 --> - 0.7 «« simulator Infinity AT »»	10:07
	Reverse and Enter Short ER2 @ 712.20 «« simulator Infinity AT »»
<+Andy>	Covered Remainder ES Short @ 1325 --> + 1
	trade error
<+szubaark>	nice Andy
<+Andy>	didn't mean to liquidate all...thanks szu
<@NihabaAshi>	Covered all ER2 Short @ 713.30 --> - 1.1 «« simulator Infinity AT »»	10:08
<+silo>	Covered all ER2 Short @ 713.40 --> - 0.8 «« paper »»
<@NihabaAshi>	Shorts ER2 @ 712.50 -> medium size «« simulator Infinity AT »»	10:09
	Covered ER2 Short @ 713.30 --> - 0.8 «« simulator Infinity AT »»	10:12
<+tzar>	oil report coming in 15 min!	10:13
<+silo>	Shorts ER2 @ 712.80 «« paper »»	10:14
<@NihabaAshi>	Shorts ER2 @ 712.30 -> large size «« simulator Infinity AT »»	10:15
<+szubaark>	Covered all Short ES at 1323.25 --> + 1.75 «« paper »»
<+tzar>	anyone hear of GO Futures? they claim 1.98 RT	10:16
<+szubaark>	whats the catch? LOL
<+tzar>	bout to find out
	they gonna send me a demo	10:17
	smells funny to me
	.. fake broker?
	take deposit and run..
<+rep1acs>	1.98 all in?
<+tzar>	yep
<+jsbach>	they want you to western-union your deposit
<+rep1acs>	wow
<+Splurge>	lol nice professional sounding name
<+tzar>	gofutures.com
<+anglo>	1.98 per side prolly	10:18
<+tzar>	http://www.gofutures.com/commissions.htm
<@NihabaAshi>	I heard of them about 2 years ago
<+tzar>	99 per seide
<+Splurge>	prob stands for go f*** yourtself
<+Andy>	lol
<+rep1acs>	lol
<+szubaark>	hehe
<+tzar>	:)
	thier platform called FAST Trading Platform	10:19
	cheesy
<+Splurge>	blimey gets worse
<+silo>	rep1acs	10:20
<+Splurge>	well I will let you test them first
<+tzar>	lol
<+silo>	did you hear about openEcry being acquired?
	by optionsExpress
<+tzar>	NihabaAshi, what did you hear about them?
<+silo>	Shorts ER2 @ 712.20 -> Add «« paper »»
<+startrader>	check ou the press release on options express site, oec generates $1m profit on $8m sales, I know guys trading under $1.50 side with them.	10:21
<+tzar>	oil report in 9 min people - do not panic- :)
<@NihabaAshi>	tzar...all I heard was that they had "dirt cheap" commissions
<+rep1acs>	no silo...that'd be awful
<+startrader>	Margins are very good in that business even at $1.98 side if you do the volume.	10:22
<+tzar>	1.98 RT startrader
	99 cents per side
<+silo>	Covered all ER2 Short @ 713.30 --> - 1.6 «« paper »»
<+startrader>	Plus exhange fess I am sure.	10:23
<@NihabaAshi>	Covered all ER2 Short @ 713.30 --> - 1 «« simulator Infinity AT »»
	Shorts ER2 @ 712.60 -> large size «« simulator Infinity AT »»	10:24
<+silo>	prices have been decieving :(	10:25
<+tzar>	5 min till report
<Bambam-77>	712.70 is 1/2 poc for er below ss confirmed
<+Bambam-77>	see saw here	10:26
<Trader>	Short ER2 @712.8 Paper
<+Bambam-77>	5 min left to candle complete
	now lets go down for niha
	from my experience we should touch this 712.7 lvl in the next time period	10:27
<+Andy>	TS just went out here	10:28
<+tzar>	is FARR Financial a big company?
<@NihabaAshi>	Great fills in the low volatility price action	10:29
	Want to see a volatility spike to see how the fill is on a "position reversal"
<+Bambam-77>	714.8 is muuray math 8/8 protect positions if ss not showing weakness yet trade plan we in chop	10:31
<+szubaark>	Buys ES @ 1324 «« paper »»
<+Bambam-77>	trgt hit	10:32
<@NihabaAshi>	Covered ER2 Short @ 713.60 --> - 1 «« simulator Infinity AT »»
	Reverse and Enter Long ER2 @ 713.60 «« simulator Infinity AT »»
<+szubaark>	exit stop moved to breakeven ES @ 1324 «« paper »»
<+Bambam-77>	17.55 is next pos trgt if we have mojo left
	uva from yesterday	10:33
<+szubaark>	Exited all Long ES at 1325.50 --> + 1.5 «« paper »»
	slow action, no need for jet fighter pilot reflexes	10:34
<+Andy>	vn szu
<+Bambam-77>	es look for 1330.75 pos trgt if we clear 26.75
<+szubaark>	thnx
<@NihabaAshi>	Exited all ER2 Long @ 714.60 --> + 1 «« simulator Infinity AT »»
<+Andy>	Anyone lost TS?
<@NihabaAshi>	Long ER2 @ 715.80 -> large size «« simulator Infinity AT »»	10:35
<+Bambam-77>	17.5 pos niha
	a little hirdle here at 15.70 point of control yesterday	10:36
<@NihabaAshi>	Exited ER2 Long @ 716.60 --> + 0.8 «« simulator Infinity AT »»	10:37
	Reverse and Enter Short ER2 @ 716.60 «« simulator Infinity AT »»
<+Bambam-77>	17.5 hit
	720.6 next	10:38
<@NihabaAshi>	Covered ER2 Short @ 717.60 --> - 1 «« simulator Infinity AT »»
	Reverse and Enter Long ER2 @ 717.60 «« simulator Infinity AT »»
<+tzar>	found some info about go futures, requires a min deposit of 5000$ to get that rate, even if your balance falls below 5000$, you still get that rate. they have a 24/6 tech support with direct phone #. Charts are included (free)
<+Bambam-77>	30.75 es come on	10:39
<@NihabaAshi>	Got excellent fills on the "position reversal".
<+rep1acs>	tzar those rates are unbelievable...would be great to hear anyone's experiencce with them
<@NihabaAshi>	Will now do a few random "market bracketing" trade and I need them to move more than 2 points for me to see how well the bracketing works.	10:40
	Exited ER2 Long @ 717.60 --> 0 «« simulator Infinity AT »»
	ooops
	Exited all ER2 Long @ 716.60 --> - 1 «« simulator Infinity AT »»
<+tzar>	they accept wire transfers, and deal through FARR FInancial
<+Splurge>	lol broker called GO and financial called FARR	10:41
<+jsbach>	hehe
<+startrader>	exchange fees are $.98/side for non members so that would be $1.97/side for eminis.
<+rep1acs>	lol	10:42
	1.97/side is not so great after all :)
<+szubaark>	.99 gets your attention LOL	10:43
<+tzar>	yes it does
<+startrader>	So they make $.99 a side, plus they are an fcm so any excess margin is the float.	10:44
<@NihabaAshi>	volatility declining
<+startrader>	Most traders are intraday at shops like that so they may sit on $10-$20 mil, I could live off that float.
<+Andy>	Shorts ES @ 1328.75
	Covered all ES Short @ 1329.75 --> - 1	10:45
	Shorts ES @ 1329	10:46
<@NihabaAshi>	Long ER2 @ 717.10 -> large size «« simulator Infinity AT »»
<Widgetman>	anyone short NQ here ?	10:47
<@NihabaAshi>	Bracket exits @ 718.10, 719.10 and 720.10	10:48
<+Andy>	Covered all ES Short @ 1330 --> - 1
<+Bambam-77>	i think we have a trend day in play
<+jsbach>	negative widget, but I have a ~1880 projection for it in my chart
<+Splurge>	hmm nearing yesterdays high on ER2	10:49
<+tzar>	yep, the 1.98 does NOT include exchange fees, i just talked to them on the phone
<+Widgetman>	k
	I will hide short btn then
<+startrader>	Shorts NQ @ 1941.25
<+anglo>	then its about same rates as everyone tzar. no?	10:50
<@NihabaAshi>	Exited 1/3 ER2 Long @ 718.10 --> + 1 «« simulator Infinity AT »»
<+tzar>	yep, 4.30 RT all inclusive
<+Bambam-77>	720.60 trgt on dec
<+Splurge>	holding at YH	10:51
<@NihabaAshi>