June 28th Wednesday 2006 Trade Log

#FuturesTrades is a private and free realtime trading posting chat room on the IRC Othernet server that allows traders from all over the world to communicate.

Click here for the instructions on gaining access to #FuturesTrades.

In addition, NihabaAshi is the only trader in #FuturesTrades that represents TheStrategyLab.com strategies.

Further, you'll find below the chat room time stamped text log of realtime trades (real money and simulator) that were posted by full-time, part-time traders from around the world and the timestamp is eastern standard time (est). 

Also, below NihabaAshi's trading blog like comments, you can read the time stamped trades (prices, entries, exits et cetera) and market discussions that sometimes contains trading tips or insights that are more useful than what you will see at any other futures blog or chat room.

Trading Blog Below is not your traditional trader's blog in the usual blog format. However, you will find informative commentary on a few occasions as time permits and such will contain trading tips that should help your trading as I attempt to sum up my thoughts as I traversed from the first trade to the last trade that was posted in #FuturesTrades realtime trade posting chat room. 

 

Trader's

Books

Videos

DVD

VHS

PAL

Audio

Click Here

 

 
ER2 EuroFX EC
+21.90 +0.0000
$2,190.00 $0.00

Position Size Management  

The key to today's trading session was position size management. 

Today's results (real money and simulator trading) shown above are that of NihabaAshi only. To see his total accumulated points for the month of June...click here. To see results for the months of 2006 and prior years...click here.

Commentary by M.A. Perry (a.k.a. NihabaAshi)  
intradaystrategies@yahoo.com

Note: Each month there are a few trading days that we consider to involve interconnecting key price action of different markets and you can view the charts associated with the key price action along with their stories at our key chart story archives.

  

Google
  
Session Start: Wed Jun 28 09:28:31 2006Session Ident: #futurestrades
* Now talking in #futurestrades09:28
<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<pat255> gm niha

code emini
<NihabaAshi> Hi pat255 and all.
<PapaJon> gm all09:31
<NihabaAshi> Yestserday was all about interest rate fears via the pending FOMC announcement on Thursday...
<pat255> When is the Fed announcement...tomorrow 2:15 EDT?
<NihabaAshi> Should be an interesting trading day today.
<eminitrader> morn szu, pj, pat255, niha,patternz, substanz .......09:32
<PapaJon> hehe.. you missed a few et.... gm
<eminitrader> the least i can do for the ones who post ...09:33
<NihabaAshi>  Long ER2 @ 692.50 -> small size
<eminitrader> morn pj:)09:34
<les>  Shorts ER2 @ 692.1 «« paper »»
<eminitrader>  Shorts ES @ 1253.25 09:36
<les>  Covered all ER2 Short @ 693 --> - 0.9 «« paper »»
<aym> Short ER2 @ 693.7 risk 209:38
<NihabaAshi>  Exited ER2 Long @ 692.70 --> + 0.2
Reverse and Enter Short ER2 @ 692.70
:(
<aym> Cover er2 @ 691.609:39
  
Sponsor:

Traders Accounting 

As traders we must treat our trading like a business if we are to succeed as traders and as a business. Therefore, waiting till the last few weeks March to prepare for April's taxes is not good for your trading and could put extra stress on your trading during tax month or the months that follow if your one of those traders that filed an extension.. Therefore, its best to be on top of your taxes throughout the year and Traders Accounting is a great resource for such especially if you want to prevent penalties or an audit several years from now.
 
  
<NihabaAshi>  Covered 1/3 ER2 Short @ 691.50 --> + 1.2 09:40
I was 2 ticks away from a WRB profit target in that prior Long position :(
<les>  Shorts ER2 @ 691.1 «« paper »» 09:41
<eminitrader>  Covered 1/2 ES Short @ 1251.25 --> + 2
<NihabaAshi>  Covered 1/3 ER2 Short @ 690.60 --> + 2.1
<les>  Covered 1/3 ER2 Short @ 690.6 --> + 0.5 «« paper »»
<NihabaAshi>  #FuturesTrades Purpose -> No gurus here, no signal calling by a head trader and no intentions to educate. This room is being used as a realtime trade journal of trades (real money or simulator) and discussions to add additional info to your brokerage statements. Do not mimic (shadow) the trades by others without their consent as stated at http://www.thestrategylab.com/FuturesTra desChatRoom.htm09:42

exit stop lowered ER2 @ 692.60 09:43
<X>  #FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, QQQQ, SPY)09:44
<szubaark>  Shorts YM @ 11008 09:45
<les>  Covered 1/3 ER2 Short @ 698.7 --> - 7.6 «« paper »»
Covered 1/3 ER2 Short @ 689.7 --> + 1.4 «« paper »»
<NihabaAshi> Oil Index lost its steam this morning around 0938am est...will continue to hold ER2 remainder because of such.
<les>  exit stop lowered ER2 @ 690.6 «« paper »»
<NihabaAshi>  exit stop lowered ER2 @ 692.00 09:47
<les>  Covered Remainder ER2 Short @ 690.1 --> + 1 «« paper »»
<jperl>  Shorts ER2 @ 690.40 09:49
<eminitrader>  Covered 1/3 ES Short @ 1250.25 --> + 3 09:50
<szubaark> nice emini
<eminitrader> thx szu ..my only trade for today ..like to max it out
<pdays>  Shorts ER2 @ 690.6 «« paper »» 09:52

Covered all ER2 Short @ 691.6 --> - 1 «« paper »» 09:53
<NihabaAshi>  Covered Remainder ER2 Short @ 691.70 --> + 1
* Looking up _68GTO user info...

up Arthropod user info...09:54

up patternz user info...
<jperl>  Shorts ER2 @ 691.30 -> Add
<eminitrader>  Covered Remainder ES Short @ 1252.25 --> + 1 09:55
<NihabaAshi> Light Crude Oil CL opens in about 4mins.09:56
<jperl>  Covered 1/2 ER2 Short @ 690.90 --> + 0.4
<patternz> `b 11070 ym10:00
<codehead> long YM 11010 <paper>

ER 3 min vegas up
<patternz> 11007 i mean
<jperl>  Shorts ER2 @ 692.60 -> Add
<NihabaAshi>  Long ER2 @ 692.50 -> small size 10:01
<patternz> stop b.e.

stop raised to 11017, locks in atleast 10 pts10:02
<NihabaAshi> Doesn't look like 694 is in the cards so far this morning :(
Volatility is going to pick up here soon around 1015am est via the pending 1030am est EIA Petroleum Status Report.10:04
<patternz> flat +1010:05
<timing> vn ptz
<NihabaAshi>  Exited all ER2 Long @ 692.20 --> - 0.3
<szubaark> would like to see them test that 11000..reason im holding my Short10:06
<patternz> b 1101510:07
<szubaark> just Chop
<jperl>  Covered all ER2 Short @ 691.50 --> 0 10:09
<patternz> flat b.e.10:12
<NihabaAshi>  Long ER2 @ 692.50 -> small size 10:14

2 contracts only
<patternz> b 1101810:16
<NihabaAshi> So far...the price action that traverses throught the 692.50 price is completely unwilling to take on the 694 and above price area :(10:18
<codehead> Ym wedge10:19
some tough resistance overhead to break thru10:20
<szubaark> 11000 needs another test10:21
<NihabaAshi>  Long ER2 @ 691.90 -> Add
Position now at 3 contracts
Interest rates versus Oil Inventories...should get intersting in a few minutes.10:23
EuroFX EC just dropped.
Exited 1/3 ER2 Long @ 692.10 --> + 0.2 10:24
<patternz> flat b.e.
<codehead> 5 mins to oil, ya?10:25
<szubaark> maybe the Oil report will cause this consolidation breakout
<NihabaAshi> Something is going to pop soon with all the info in the air about Interest Rates and Oil Inventories.10:26
Long ER2 @ 691.40 -> Add 10:28
Position now at 3 contracts
<szubaark> Oil blasted to the upside10:30
<patternz> b 1100610:31
stop b.e.10:32
<NihabaAshi>  Exited 1/3 ER2 Long @ 691.80 --> + 0.4
<patternz> b 1100510:33
<NihabaAshi>  Long ER2 @ 692.00 -> Add

Position now at 3 contracts
<patternz> stop b.e.10:34
stop 11009
stop 1101510:35
flat +10
<szubaark> NQ,ES keeping me in this YM Short..otherwise My Stops would be getting popped left and right10:36
<patternz> b 11005
stop b.e.10:37
  
Trading Edge: 

Strategies

If your an independent trader looking for an edge to help you traverse around obstacles to profitable trading...a method that's well defined, gives you a better understanding of the markets, applicable for day trading, position trading and swing trading with a money back guaranteed policy...click here.
   Trading Strategies ->   These strategies will reveal and explain specific strategies from entry to exit that exploit inefficiencies in the price action of your trading instrument for profits in the following trading instruments: Emini Index Futures (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) and Exchange Traded Funds (DIA, GLD, OIH, IWM, QQQQ, SPY) 
  
<NihabaAshi> szu...not a lot happening so far today...I'm just keeping it light today.

Maybe yesterday price actgion spoiled us :)
<szubaark> yersturday was fun10:38
<patternz> flat

reenter 11005
<szubaark> [10:06] <szubaark> would like to see them test that 11000..reason im holding my Short10:39
maybe thats what this consolidation is all about?
<patternz> stop stop 1101010:40

flat +510:41
<NihabaAshi>  Exited ER2 Long @ 691.10 --> - 1.4 10:42
Reverse and Enter Short ER2 @ 691.10
<szubaark> right on deck
<NihabaAshi> Reversed into a large position
<szubaark> code, how u like the "shamu" and "zrl" galore on CCI? LOL10:43
<jperl> Problem here is ER2 is sitting on VWAP 691.76
<codehead> pretty choppy
<NihabaAshi> -1.40 on 2 contracts and -0.90 on 1 contract of the prior Long position.
:(10:44
<patternz> b 1100010:47
<szubaark> Niha why were u Bullish?
<patternz> tight stop

stop b.e.10:48
<NihabaAshi> I'm bearish...not bullish.
<patternz> flat10:49
<NihabaAshi> I'm only willing to go small size on Longs and/or large size on Shorts.
Covered 1/3 ER2 Short @ 689.40 --> + 2.6 10:50
<patternz> b 10995
<szubaark> they setting this up for a Huge pop up after FOMC announcment LOL10:51
Covered all YM Short @ 10994 --> + 14 10:52
<NihabaAshi> szu...I always use position size to manage my bias...helps in managing my risk exposure.
<szubaark> after that Short..i need a break geez10:53
<NihabaAshi> 694 was realistic today...came within a tick or two of catching a profit at that price on one particular Long position.

ER2 just didn't want anything to do with it :(10:54
<patternz> nice trade szu10:55
<NihabaAshi> ER2 trying hard to find some support here.10:56
<X>  #FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, QQQQ, SPY)
<szubaark> thanks.. made me sweat a little. watching ES,NQ helped me stay in this sucker. YM too choppy to use Stops. (Unless u want 30+ stops)10:57
<codehead> dow having trouble getting red so far
<szubaark> I just dont have the balls to trade ER,ES,NQ.. too many painful memories
<jperl>  Shorts ER2 @ 689 10:58
<NihabaAshi> szu...if ER2, ES and NQ gives you bad memories...EuroFX EC will give nightmares :)
<patternz> stop b.e.10:59
<NihabaAshi> EC is tough to trade.
<patternz> yes, i trade only ym too - i just a small trader
i'm expecting a range day today, so if i'm lucky ym will head back towards today's high11:00
<szubaark> Yes Euro also. Its amazing how many newbies jump into Euro,ES,NQ,ER.. the results are Brutal.11:01
<NihabaAshi> It's 11am est and I usually start getting mentally tired...will take a long break here soon.
<patternz> flat11:02
<NihabaAshi>  Covered 1/3 ER2 Short @ 687.80 --> + 3.3
exit stop lowered ER2 @ 691.00 11:03
<patternz> b 1099111:04
<NihabaAshi> My first investment ever (back in the mid 80s) was a penny stock for 12k...11:05
I lost it all in one week :(
Only time I ever traded a penny stock and the last time :)
My first trade in futures...I lost 6k.
<jperl>  Covered ER2 Short @ 687.50 --> + 1.5 11:06
  

Sponsor:

Slysoft

Mentally getting away from trading is much harder to do in comparison to physically getting away from trading when its time for some rest and relaxation. Personally, one of my favorite ways to mentally rest is to watch movies I've copy & recorded from the local video store via my Slysoft software that copies any copyright protected dvd's and cd's.
   Slysoft - Copy and DVD or CD
  
<NihabaAshi> I got a mentor after that because I obviously didn't know what the hell I was doing :)
<codehead> long ER 687.40 <paper>

1 pt stop
<NihabaAshi> Took 3 years to become a breakeven trader (1992)...been doing good since.11:07
<patternz> flat +10
<codehead> YM 5 min inv ghost11:08
<NihabaAshi> szu...therefore...just hang in there and stay away from penny stocks :)
<patternz> niha - i'm new in room - does your website explain your trading strategy ?11:09
or is strategy lab not your website ?11:10
<NihabaAshi> patternz...it gives the basic (no specific details) at http://www.thestrategylab.com/NihabaAshi.htm11:11
<patternz> k, thks11:12
<NihabaAshi> In a nutshell...WRBs, supply/demand and volatility.11:13
<patternz> b 10994
<NihabaAshi> Oil Indices giving ER2 some support :(11:15
<jperl>  Shorts ER2 @ 687.90
Shorts ER2 @ 687.90
<NihabaAshi> If Oil losses a little steam...I may get lucky and catch another WRB profit target.11:16

Covered Remainder ER2 Short @ 686.50 --> + 4.6 11:17
<jperl>  Covered ER2 Short @ 686.80 --> + 1.1
<pat255> vn both of u11:18
<szubaark> Nice Niha,jp
<jperl> tx
<NihabaAshi> :)
Trade Posting Script -> The color posted trades you see in here is available for free to any registered member of #FuturesTrades. To become a member of #FuturesTrades...follow the instructions at http://www.thestrategylab.com/FuturesTra desChatRoom and registration is free. Also, as a member you will be able to post messages at our discussion forum @ http://p207.ezboard.com/bthestrategylab11:37
<pat255> later guys ...back to office ty11:57
<patternz> flata b.e.11:59
flat b.e.
<X>  #FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, QQQQ, SPY)12:05
<NihabaAshi>  Reminder -> Today's #FuturesTrades chat room trade log with trading tip/market insight are posted @ http://www.thestrategylab.com/RecentTrades.htm (logs will be updated tonight by 9pm est to current)12:06
* NihabaAshi is now known as NihabaAshi_away12:09
<codehead> my only ER trade today, entered 4 ticks off the low, but stopped out +0.30 :-/12:23
<jperl> ER2 at VWAP 689.3012:25
<szubaark> welcome back emini12:49
<eminitrader> hi szu12:51
<szubaark> emini.. that Short u had was nice for +312:55
[09:50] <eminitrader> Covered 1/3 ES Short @ 1250.25 --> + 3
<eminitrader> yes szu got 1/2 ( 5 ) @ 2pts, 3 @ 2 pts and 2 @ 1pt12:59

oops actualy 3 @ 3 pts13:00
<szubaark> was that previous day High resistance u Shorted?
<eminitrader> had a sell @ 50.75 and got stopped out @ 51.75 ( 5 ) was a pending order that i for got about and paid the penalty :(13:01

yes plus it was @ a retracement level13:02

38% retrace13:03

from yes low
<szubaark>  Shorts YM @ 10990 13:04
<codehead> long YM 10991 <paper>13:10

5 tick stop13:12

signal might roll over here

exit half YM +8 <paper> stop on remainder moved to b/e13:17
<X>  #FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, QQQQ, SPY)
<szubaark> yeah my Short not looking good
<codehead> move stop up to 10996 (+5) <paper>13:19
<szubaark> hope its a fakeout13:20
<codehead> my signal was the little YM 3 min inv ghost13:21
<szubaark> i dont watch anything below 5min chart

testing previous uptrendline13:22

THIS here should be my entry for Short (11003)13:23
<codehead> low volume13:24
<timing> 010 some r13:26
<codehead> mkt run out of sellers? no buyers ready to step up13:27
?
<timing> buy/sell vol even
<codehead> yeah--both light
<timing> yes13:28
<szubaark> Overall trend is down..sellers in control13:29
<codehead> stopped out +5 on remainder <paper>
<szubaark> I jumped my Short by 10 Points! geez got to be more patient
<codehead> trinq .75, near lows13:30
<szubaark> code that was a nice scalp u did13:31
we should be testing lows again shortly
<codehead> i did want to take it for real, but the utter lack of volume in the mkt at the time kept me from it

seems to be low-volume chop right now13:32
<szubaark> yeah..its still gonna move where they want it to move
nice Buyer fakeout13:33
<codehead> long YM 10986 <paper>13:35

no signal :-/
<szubaark> then why u take it?13:36
heheh.. i do that sometimes too
<codehead> exit YM +1 <paper>

took it to keep myself from thinking about real trades, prolly
<szubaark> code..worst can happen is you blow your account.. thats the only way u'll find out where u stand13:37
<codehead> long ER 686.70 <paper>

seems like low volume move, just playing13:38

685.90 stop ER <paper>

that 11003 short you mentioned was a good idea--YM was in extremes on low volume move13:41
<szubaark> i just didnt feel like waiting for more conformation :(13:42
notice any try to the upside gets slammed
<timing> yep13:44
<szubaark> ohh crap..not another consolidation wedge :(13:47
<patternz> here's13:48
<szubaark> seems like we cant make any decent move without consolidating for HOURS and shake everyone
<codehead> shoulda stuck with YM--it's a little better than ER13:51

ER might ZLR down here

phew, curling back up--needs to get thru 687.5013:52
<szubaark> 2pm approcahing.. chicago boys back from "lunch"
<codehead> no good patterns on YM, just about any time frame13:53

cept 30 min zlr for down
<patternz> havce triangle pattern that just completed on 5 min chart imo - 11:30 to now13:55
ahhhh, you're talking cci13:56
<codehead> yeah, nice triangle

ER trying zlr down again13:58

exit half ER +1.8 <paper> raise stop to b/e14:01

on remainder
<szubaark> nice.. i have no clue now about this price action14:02
<codehead> raise stop to 687.60 (+1) on remainder <paper>

this trade, and the YM one i bailed, just operating on theory that mkt seems to be running out of sellers, maybe some covering ahead of fed14:03

some stuff is pretty dang cheap these days

so i figure on dips at least, to see some buying after price drops stall14:04

doh--posted this a min ago in the wrong room:14:19

exit ER +2.90 <paper>

time to pay attention to stocks14:20

russell cash at resistance14:22
<szubaark>  Covered all YM Short @ 11015 --> - 25 14:23
:((
Long YM @ 11015
ate -25 points on that Short14:24
breaking downtrendlines..couldbe nice Pop14:25
<codehead> russell got thru
<szubaark> amazing..didnt even do a double bottom.. just took off14:26
<codehead> yes, the lack of volume was the key14:27
<szubaark> Short covering should take this higher
<codehead> couldn't muster enough sellers to give it a push down
<X>  #FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, QQQQ, SPY)14:29
<codehead> definitely possible to close hod on this kind of reversal...14:32
<szubaark> we've been selling off for 3 days..short covering should take this to 10975 Cash at least14:38
Exited all YM Long @ 11038 --> + 23 14:44
made up for the -25 loser
:((
<codehead> nice

wish i had guts to take those trades for real--kinda thought mkt might do this14:45
<szubaark> FOMC leak? LOL
<codehead> lol14:46
<PapaJon> yah.. someone flew a minature microphone that looks like a mosquito into the fomc meeting
<szubaark> that last Short i took was Stupid.. i guess thats why im still trading YM :)

lol PAPA!
<PapaJon> of course with west nile virus and all.. i imagine it will get smacked as soon as someone sees it14:47
zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz... splat
<codehead> whew, ER went +8 from my paper entry14:49
<szubaark> this was expected after they whacked everyone in that consolidation zone14:51
code..Ghosts forming now.. but i wont Short this
<codehead> yeah, noticed14:52

looking at 15 min chart, YM cci inverted ghost--the right shoulder formation was during that low-volume period14:55

the head of the ghost down near extremes was the volume washout
<szubaark> code.. wehn cci starts hoovering around o line, they doing rope-a-dope14:56
<codehead> lol14:57
<szubaark> looking to Buy this pullback15:01
  
Sponsor:

Think Geek

 

I don't always trade nor monitor the market from my home office. Sometimes I'll do such from one of my favorite nearby Wi-Fi hotspot or whenever I'm traveling via using this little Wi-Fi detection gadget I got from Think Geek that will show more than just the presence of any nearby signal and its signal strength. It has a 12-character LCD that provides information on signal availability and strength as well as essential network information, including SSID, security status and channel. When multiple networks are present the LCD me to scroll through information for each network.

 

  
<eminitrader>  Shorts ES @ 1255 15:05
<szubaark>  Long YM @ 11040 15:11
looking for next leg up15:14
<PapaJon> Most of you have probably seen this... but its still a good laugh. http://www.veritashomeinspection.com/htm l/papa/fatherhood.html15:15
<codehead> bond-close signal is bullish and strong, btw15:16
theory there is go long the closing price for higher sometime tomorrow morning15:17
<szubaark> crap..pullback deeper then i thought15:20
<codehead> long YM 11029 <paper>15:29
<szubaark> nice entry code15:30
<codehead> thinking we have to move up into close
<eminitrader>  Covered all ES Short @ 1255 --> 0
<szubaark> yup.. break that 11050 area good15:31
<codehead> if it was jsut a little lower i would have done it for real

just a little closer to pivot15:32

exit half YM +11 <paper>

see if we can get back to 11050

i think something like 11057 is b/o...
<szubaark> hehe.. they not gonna be that nice to you
that wedge breakout signaled major reversal15:33
taking too long.............15:36
<X>  #FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, QQQQ, SPY)15:38
<codehead> a little margin shake here15:40
dang, this is where i wanted ot buy, but too chicken this late in day15:42
1102515:43
<szubaark> i know its getting late in the day15:46
<codehead> YM should bounce off pivot15:48
got within 2-3 ticks
<szubaark> only 30 minutes left.. they gotta move NOW15:49

3pm then Blast-ff?15:54

3pm..right on time15:59
<codehead> exit YM +15 <paper>
could get more after main close if ER squeezes, YM like to follow a bit16:00
<szubaark> they right on time today

exit stop moved to breakeven YM @ 11041
<codehead> nice hold16:01
i shoulda taken my target entry
<szubaark> moving Stop because of the eod games

Exited all YM Long @ 11046 --> + 6 16:03

im just too exhausted today

another tough frikin trading day
* szubaark is now known as szubaark_away
<codehead> YM back to hod 1105516:08

1105616:09

ER squeezing
<NihabaAshi_away> Take care all and see all tomorrow.16:19
* DisconnectedSession Close: Wed Jun 28 16:22:03 200616:22

We are proud to say that our chat room members are from the following geographical areas in the world:

Argentina, Australia, Belgium, Brazil, Canada, Denmark, France, Germany, Greece, Hong Kong (China), Israel, Italy, Japan, Mexico, Portugal, Puerto Rico (U.S.), Saudi Arabia, Singapore, Spain, United States and Venezuela.

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

CME Emini Futures ES, NQ and ER2 

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

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

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

Last of all, if you have any questions about either #EminiFutures general market chat room, #FuturesTrades realtime trade posting room or the two realtime strategy discussion rooms used by traders with access to our fee-based strategies called #TheStrategyLab and #SwingTradingTSL...

Don't hesitate to ask your questions and we'll reply back as soon as possible.

Sincerely,

M.A. Perry and Associates

TheStrategyLab.com

questions@thestrategylab.com

"The point of this whole exercise is to make money. Everything else is just conversation." --Jonathan Hoenig


Home · · About Us · · Accolades · · Trade History

Trading Strategies · · Manual · · Trader Consultation

Discussion Forums · · Japanese Candlesticks · · Traders Library

Live Chat Rooms · · Seminars · · Computer System Setup

Refund Policy · · Cash Rebate Program · · Referral Program

Contact · · Feedback · · Privacy · · Disclaimer


Copyright © 2002-2006. The Strategy Lab. All rights reserved.