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#FuturesTrades June 27th Friday 2008 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+12.50	+177.60	+1886.60
$1,250	$17,760	$188,660

Emini ES

1354pm - 1356pm est

click on image to view actual size

Current Performance Record

Volatility Spike of the Day

Profit/Loss Statement

Today's Observation: I've concluded my testing of FuturePath Futures Photon Trader and Infinity Futures Infinity AT trade execution platforms via their simulators 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.

I will return to live trading (real money trading) on July 1st Tuesday after taking a 3 day weekend. Thus, I'm not trading June 30th Monday.

In addition, the simulator profits shown above for today will not be computed into the monthly and yearly real money results. Simply, the above monthly and yearly results have not changed during the software testing between June 18th - June 30th.

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: Fri Jun 27 08:05:00 2008Session Ident: #futurestrades

* Now talking in #futurestrades 08:05

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

* Retrieving #futurestrades modes...

<pat255> gm N 08:07

<futurible> gm all 08:40

<anglo> gm all 08:44

<KN-ES> Shorts ER2 @ 1287.25 09:02

<+KN-ES> s.l 1.25 09:03

Covered 3/4 ER2 Short @ 1286.25 --> + 1 09:04

not er2.........ES 09:05

Covered 2 ES Short @ 1385.75 --> - 98.5 09:06

nop

Covered 2 ES Short @ 1285.75 --> + 1.5 09:07

<ItalianSharp> morning all 09:09

<lumenPharmer> gm all

<+KN-ES> 1286.25 add 09:11

Covered 3/4 ES Short @ 1284.75 --> + 2.5 09:14

Covered 2 ES Short @ 1284.25 --> + 3 09:16

Covered 2 ES Short @ 1383.25 --> - 96 09:17

<+pat255> vn KN .. 09:18

<+KN-ES> nop

Covered 2 ES Short @ 1283.25 --> + 4

thanks

Covered 1 ES Short @ 1283.75 --> + 3.5

h 5+ 2

Covered ES Short @ 1284.75 --> + 2.5 09:21

Reverse and Enter Long ES @ 1284.75

s.l 1.25 09:22

Exited 3/4 ES Long @ 1286.00 --> + 1.25

Exited 2 ES Long @ 1286.25 --> + 1.5 09:24

need to break 82.75 - 92.25 09:25

to have a confirm trend

<Splurge> gm 09:26

<@NihabaAshi> Shorts ER2 @ 696.90 -> large size «« simulator Infinity AT »» 09:27

<@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

<Mauro> Shorts ER2 @ 696.7 09:29

<+KN-ES> Exited 2 ES Long @ 1286.75 --> + 2 09:30

add 1286 09:32

<@NihabaAshi> Covered all ER2 Short @ 696.70 --> + 0.2 «« simulator Infinity AT »»

<+KN-ES> Exited 3/4 ES Long @ 1287.25 --> + 2.5 09:33

<@NihabaAshi> FYI - Today I will conclude my testing of Infinity AT software via all trades being via my normal trading style.

Thus, no random trades for software testing purposes.

<+Mauro> Covered all ER2 Short @ 697.7 --> - 1 09:34

<@NihabaAshi> Also, Monday is a holiday here in Canada.

Thus, no trading for me on Monday...back to live trading on July 1st Tuesday

<+KN-ES> Exited 2 ES Long @ 1287.75 --> + 3

<+Mauro> Shorts ER2 @ 697.5 09:35

<szubaark> Shorts ES @ 1285.75 «« paper »» 09:37

<@NihabaAshi> Shorts ER2 @ 696.50 -> small size «« simulator Infinity AT »»

shallow WRB pt1 :( 09:38

<+Mauro> Covered 1/2 ER2 Short @ 695.5 --> + 2

<@NihabaAshi> auto trail has kicked in

<+Mauro> Covered Remainder ER2 Short @ 694 --> + 3.5 09:39

<+KN-ES> Long ES @ 1283.50

large

<@NihabaAshi> Covered 2/3 ER2 Short @ 694.10 --> + 2.4 «« simulator Infinity AT »»

Covered Remainder ER2 Short @ 694.50 --> + 2 «« simulator Infinity AT »»

<+KN-ES> Exited 3/4 ES Long @ 1284.75 --> + 1.25

s.l 1.25

<@NihabaAshi> weak support area ER2 09:40

<+KN-ES> Exited ES Long @ 1283.00 --> - 0.5 09:41

Reverse and Enter Short ES @ 1283.00

<@NihabaAshi> Shorts ER2 @ 693.10 -> small size «« simulator Infinity AT »» 09:42

<+KN-ES> Covered 3/4 ES Short @ 1281.50 --> + 1.5 09:43

brb

<@NihabaAshi> Covered all ER2 Short @ 692.70 --> + 0.4 «« simulator Infinity AT »»

<+KN-ES> Covered ES Short @ 1282.50 --> + 0.5

Reverse and Enter Long ES @ 1282.50

<peterpanboy> gm All

<+KN-ES> s.l 1 09:44

brb

<+peterpanboy> sorry very busy in last days so noy using the script yet

<ripsboy> gm all.. 09:45

<+KN-ES> Shorts ES @ 1281.50

s.l 1

s.l 1

<+peterpanboy> my postion is on NQ short from 1862 "paper"

<+KN-ES> brb

<+szubaark> exit stop moved to breakeven ES @ 1285.75 «« paper »»

<@NihabaAshi> Long ER2 @ 692.10 -> small size «« simulator Infinity AT »» 09:46

lower my position size 2 contracts only

Exited all ER2 Long @ 692.50 --> + 0.4 «« simulator Infinity AT »» 09:49

Long ER2 @ 693.20 -> small size «« simulator Infinity AT »» 09:50

<+szubaark> Covered all Short ES at 1283.25 --> + 2.5 «« paper »» 09:51

<@NihabaAshi> Volatility contracting in anticipation of the 10am est key economic report 09:52

Exited 1/2 ER2 Long @ 694.20 --> + 1 «« simulator Infinity AT »»

<+peterpanboy> Cover NQ 09:53

<@NihabaAshi> auto trail activated

<+peterpanboy> Cover NQ @ 1856.5 "paper" 1 contract

<@NihabaAshi> Exited Remainder ER2 Long @ 694.90 --> + 1.7 «« simulator Infinity AT »» 09:54

I've reached my profit goal for the trading day. Thus, I'm officially in profit protection mode...will trade 1 contract only for the remainder of the trading day.

<+Splurge> Niha when you go into this mode does it allow for your next trade to be a loser. I am assuming that you will stop if you start to lose so your profit protection area is a certain level above your daily target? 09:57

<@NihabaAshi> Yeah...usually I'll stop before the losses take me back below my profit goal for the day.

<+Splurge> ok thats what I thought although I tend to stop altogether most of the time 09:58

<@NihabaAshi> The few times I do continue trading when there's too many losses and I drop below my profit goal target is just "bad discipline" on my part

Today my target was $1000 and I'm sitting at $1240 right now 09:59

<+peterpanboy> Long NQ 1862

long 1862

<@NihabaAshi> Thus, I got a cushion of $240 to play with

That's -2.4 ER2 points 10:00

<+Splurge> Does your daily target take into account time of year. Last year I set my target even across everyday last year minus holidays and found that I should have been more ambitious during some months and less so during others 10:01

<+peterpanboy> pointing to 1870

<@NihabaAshi> Yeah...I change my daily target often via many different reasons.

<+peterpanboy> great will see if 1875 NQ is reached

<@NihabaAshi> Simply, the target for the next trading day will be different and decided upon just prior to the Open 10:02

<+peterpanboy> close and reverse short 10:03

to clear close Long NQ 1869.75 and open Short @1869.5 10:05

<+Splurge> k thx 10:06

<@NihabaAshi> Shorts ER2 @ 699.90 -> small size «« simulator Infinity AT »» 10:07

weak resistance area ER2 10:08

Covered ER2 Short @ 699.50 --> + 0.4 «« simulator Infinity AT »» 10:11

sorry

Covered ER2 Short @ 699.60 --> + 0.3 «« simulator Infinity AT »» 10:12

Got greed around 699.00 @ a WRB pt1

Try to catch more but didn't happen :( 10:13

<+szubaark> Shorts ES @ 1288 «« paper »» 10:15

exit stop moved to breakeven ES @ 1288 «« paper »» 10:18

* subq -=market profile charts for today=- http://www.charthub.com/chart/search/mpc hart 10:20

<+peterpanboy> Close short NQ @1859.5 10:22

profit + 10 points "paper" 10:23

<+szubaark> nice

<+peterpanboy> thanks

<+szubaark> Covered all Short ES at 1288 --> 0 «« paper »» 10:25

<+peterpanboy> long NQ @ 1861.75

sorry for delay next week with the script will be better 10:26

have to break 1863 NQ 10:27

<@NihabaAshi> volatility declining more 10:28

<+peterpanboy> close long NQ end short 10:29

<PapaJon> gm all

<+peterpanboy> gm papaJon 10:30

<+PapaJon> late start for me today... been sick as dog from all this smoke i guess

<+peterpanboy> close short NQ open long @ 1864.25 10:32

close long 1866 10:34

<+szubaark> Buys ES @ 1290 «« paper »» 10:36

<@NihabaAshi> szu...this is a tough area to be Long in ES at

<+peterpanboy> short nq 10:37

to clear SHORT NQ @ 1865

<@NihabaAshi> It's going to either drop hard like a big rock or go sideways allowing volatility to drop or move higher into a creeper uptrend

<+peterpanboy> Nihaba like drop like a big rock 10:38

I am short

close sh

<+szubaark> Overnight High@1291.50, see if they go for Stops there 10:39

<@NihabaAshi> The declining volatility is low and makes me very suspicious of any spikes

<+szubaark> yup, just chopping.. hopefully it spikes soon

<+peterpanboy> reverse and long 10:40

<@NihabaAshi> VIX has contracting volatility right now over the last several intervals 10:41

Thus, something will spike here soon.

<+peterpanboy> short nq 10:43

<+szubaark> Exited all Long ES at 1285.25 --> - 4.75 «« paper »»

:((

<@NihabaAshi> Shorts ER2 @ 697.20 -> small size «« simulator Infinity AT »»

<+szubaark> Shorts ES @ 1285.25 «« paper »»

<@NihabaAshi> there's the volatility spike

<+peterpanboy> short @ 1860.25

<+szubaark> yeah, against me :(

<@NihabaAshi> Covered ER2 Short @ 696.20 --> + 1 «« simulator Infinity AT »»

correction 10:44

<+peterpanboy> yeah nihaba right feeling

<@NihabaAshi> Covered ER2 Short @ 696.20 --> + 1 «« simulator Infinity AT »»

geeesh

<+szubaark> I went Long at almost intraday High lookign for Breakout, WRONG

<@NihabaAshi> Covered ER2 Short @ 696.30 --> + 0.9 «« simulator Infinity AT »»

:)

<+peterpanboy> cover short

<+szubaark> Will need Volatility to save me from Wider Stop due to Chasing 10:45

<@NihabaAshi> VIX volatility increasing and it's no longer contracting 10:46

Simply, this will either bounce hard back upwards or do a creeper downtrend 10:47

<+peterpanboy> short nq

short from 1856.25 "paper" 10:48

<@NihabaAshi> weak support area here for the Eminis

<+peterpanboy> if weak support we head south I guess 10:49

<@NihabaAshi> weak support means that if Longs don't show up...we go down hard. 10:50

<+peterpanboy> yeah thank nihaba

cover short

<+szubaark> ES 15min Inverted Dark Hammer Line 10:51

10:45 Eastern Time

<+peterpanboy> cover @ 1855.25 + 4 points

<HK> Long ER2 @ 693.5 «« paper »» 10:56

<+peterpanboy> long NQ 1850.5 "paper" 10:58

<tzar> gm everyone 11:01

<+peterpanboy> cl 1/2 nq @1851.5

<+szubaark> Covered all Short ES at 1279.50 --> + 5.75 «« paper »»

<+peterpanboy> profit +1

close rem NQ @ 1850.5 11:02

<+HK> Long ER2 @ 692.5 -> Add «« paper »» 11:03

* tzar3 is now known as tzar

<+peterpanboy> long NQ 11:04

LOng @1851.75

exit 1/2 long @1852.75 11:08

<tzar> gm anglo

<+tzar> Andy

<+peterpanboy> note I am using 2 contracts

<Andy> gm tzar, all 11:09

<+peterpanboy> gm Andy

<+Andy> gm ppb

<+HK> Exited 1/4 ER2 Long @ 694.2 --> + 1.7 «« paper »»

<+peterpanboy> close rem (1pz) @ 1853.75 +1 p 11:11

<+HK> Exited 1/4 ER2 Long @ 694.5 --> + 1 «« paper »» 11:14

<+tzar> Shorts NQ @ 1282.5 «« paper »» 11:18

<+HK> Exited Remainder ER2 Long @ 693.8 --> + 0.3 «« paper »» 11:19

<+peterpanboy> short NQ 1852,.5

<+tzar> Covered all ES Short @ 1280 --> + 2.5 «« paper »»

<+peterpanboy> 2 contracts "paper"

cov 1/2 NQ @1851.75 11:22

<@NihabaAshi> weak resistance area ER2

<+peterpanboy> cov rem NQ @ 1851.25 11:24

<@NihabaAshi> Shorts ER2 @ 693.40 -> small size «« simulator Infinity AT »» 11:25

<+peterpanboy> long nq 11:27

<+szubaark> Volatility still contracting

<@NihabaAshi> Covered ER2 Short @ 694.50 --> - 1.1 «« simulator Infinity AT »»

<+peterpanboy> long @1853.75 "paper" 11:28

always 2 contracts

<+szubaark> spike to upside

<+peterpanboy> exit 1/2 @1855.75 "paper" 11:30

* codehead_afk is now known as codehead

<+peterpanboy> exit remain NQ @ 1856.25 + 3.5 paper 11:32

<@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 11:33

<+peterpanboy> sorry last profit + 2.5 points 11:34

<+HK> Long ER2 @ 694.2 «« paper »»

<@NihabaAshi> Long ER2 @ 694.60 -> small size «« simulator Infinity AT »»

This trade and prior trade not good trade decisions

Both occurring within contracting volatility and as intuition trades. 11:35

Will take a break from trading after I close this position

<+peterpanboy> long NQ

long NQ @ 1856.75 "paper" 11:36

exit 1/2 NQ long @ 1857.25 + 0.5 11:37

exit rem NQ long @ 1856.25 11:40

<@NihabaAshi> Exited ER2 Long @ 693.80 --> - 0.8 «« simulator Infinity AT »»

<+peterpanboy> - 0.5 points

<@NihabaAshi> Be back later...going to lunch. 11:41

<+peterpanboy> have a nice lunch..

<@NihabaAshi> :)

* NihabaAshi is now known as NihabaAshi_away 11:42

<+peterpanboy> long nq 11:43

Long NQ @ 1854.75 "paper" 11:44

exit 1/2 NQ long @ 1857.25 11:46

<silo> Long ER2 @ 695.30 «« paper »» 11:47

<+HK> Exited all ER2 Long @ 695.5 --> + 1.3 «« paper »» 11:48

<+silo> Long ER2 @ 695.50 -> Add «« paper »» 11:49

<+peterpanboy> exit remain NQ Long @ 1857.5

<+silo> time to rip

<+peterpanboy> long nq 11:50

@1858.75

only 1 contract 11:51

ext NQ @ 1857.75 - 1 pt

short nq 11:55

short NQ 1854.5 11:56

cov all 55.25 e rev 11:57

exit long @ 1856

<+Andy> Long ES @ 1283 «« paper »» 12:01

Exited 1/4 ES Long @ 1284 --> + 1 «« paper »» 12:02

Exited 1/4 ES Long @ 1284.25 --> + 1.25 «« paper »» 12:03

Exited 1/4 ES Long @ 1384.75 --> + 101.75 «« paper »»

<+peterpanboy> exit rem NQ long @ 1859.25

<+Andy>