#FuturesTrades June 30th Monday 2008 Trade Log

Today's Observation: It was a holiday here in Province du Québec. Thus, I had a 3 day weekend (Sat - Mon).

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: Mon Jun 30 08:21:02 2008Session Ident: #futurestrades
* Now	talking in #futurestrades	08:21
<@X>	[NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<pat255>	gm N	08:24
<rickf>	gm all	08:27
<@NihabaAshi>	Good morning all...its a holiday here for me and I won't be trading today.	08:35
	Simply, will be back to trading tomorrow...good trading to all today and talk to you later.
* NihabaAshi	is now known as NihabaAshi_away	08:38
<werner>	gm all	09:03
<+rickf>	hey werner
<anglo>	.
<+anglo>	gm
<+werner>	hi rickf,anglo	09:04
<tzar>	NihabaAshi_away are you there?	09:23
<rep1acs>	just FYI my OEC platform went down when i had open positions	09:26
<+rickf>	i heard that on ET this morning -- no problems here yet thankfully	09:27
<+rep1acs>	and problem is
	they couldn't check if i had any open positions
<+rickf>	are you safe yet?	09:28
<+rep1acs>	so i ended up overselling as i had a long position
	according to them i'm safe now =)
	still not sure
<Mauro>	My TradeStation with bad data feed
<+rickf>	that happened to me at OXPS last fall
<+rep1acs>	just short 4 lots dax
	scary
<+Mauro>	anybody with TS problem	09:29
<+rickf>	never got a confirmation i was flat so i offset again (twice) and was long 12 ES contracts in a falling market
	thankfully they corrected/credited my account for problems resulting from their system
<+rep1acs>	so they had to eat the trade?
	is that OEC broker too?	09:30
<drt>	gm
<+tzar>	rep1acs ouch.. not being sure on DAX can really hurt
<+rep1acs>	i was originally long 2
	so i called them to sell 2
<Awash>	good morning all
<+rep1acs>	and somehow my platform sold another 4
<+rickf>	nope - was optionsxpress
<+tzar>	gm KN-ES	09:31
<KN-ES>	gm
<+pat255>	gm KN
<+rep1acs>	now still can't put my orders in :(
<+KN-ES>	hi pat255
<peterpanboy>	gm all
<+Mauro>	Shorts ER2 @ 697.5	09:33
<+KN-ES>	Shorts ES @ 1280.75
	s.l 1.5	09:34
	Covered ES Short @ 1281 --> - 0.25
	Reverse and Enter Long ES @ 1281
	large	09:35
	Exited 3/4 ES Long @ 1284 --> + 3
<+Mauro>	Covered all ER2 Short @ 699 --> - 1.5
<+KN-ES>	Exited 2 ES Long @ 1283.50 --> + 2.5	09:36
	Exited ES Long @ 1284.00 --> + 3
	Reverse and Enter Short ES @ 1284.00
	Covered 3/4 ES Short @ 1283 --> + 1
	s.l 1.25
	brb	09:37
	Covered ES Short @ 1284 --> 0	09:38
	Reverse and Enter Long ES @ 1284
	s.l 1
<+rickf>	long es 1284 paper
<ripsboy>	gm all...
<+KN-ES>	Exited ES Long @ 1283.50 --> - 0.5
	Reverse and Enter Short ES @ 1283.50
	s.l 1
	brb
<+Mauro>	Shorts ER2 @ 699.6	09:39
<+rickf>	exit 1283 -1 paper
<+KN-ES>	Covered 3/4 ES Short @ 1283.00 --> + 0.5	09:40
	1283 add	09:41
<+Mauro>	Covered Remainder ER2 Short @ 698.5 --> + 1.1
<+KN-ES>	Covered 3/4 ES Short @ 1282 --> + 1.5
<+rickf>	long es 1282.25 paper
	exit es 1284.50 +2.25 paper	09:43
<+KN-ES>	hit and out
	Long ES @ 1284.25
<silo>	Long ER2 @ 699.40 «« paper »»
<+KN-ES>	brb	09:44
<+rickf>	long es 84.75	09:45
<+KN-ES>	Exited 3/4 ES Long @ 1285.75 --> + 1.5
	s.l 1.25
	Exited 2 ES Long @ 1285.25 --> + 1	09:46
<+rickf>	exit 83.75 -1 paper
	:(
<ItalianSharp>	morning all
<+werner>	hi IS	09:47
<+KN-ES>	Shorts ES @ 1283.50	09:49
	s.l 86.25
	large and bbl
<+silo>	Exited ER2 Long @ 699.10 --> - 0.3 «« paper »»	09:50
	Reverse and Enter Short ER2 @ 699.10 «« paper »»
	Shorts ER2 @ 698.40 -> Add «« paper »»
<+peterpanboy>	hi ItalianSharp
<+Mauro>	Shorts ER2 @ 698.6
<+KN-ES>	Covered 3/4 ES Short @ 1281.50 --> + 2	09:52
	Covered 2 ES Short @ 1282 --> + 1.5
<+silo>	Covered all ER2 Short @ 699 --> - 0.5 «« paper »»	09:53
<+Mauro>	Shorts ER2 @ 699.4 -> Add
<+KN-ES>	Covered 2 ES Short @ 1282.50 --> + 1	09:54
	nop
	Covered 2 ES Short @ 1280.50 --> + 3
	h7
	1280.75 aadd	09:56
<+rickf>	short er2 698.6 paper
	exit er2 697.6 +1.1 paper	09:57
<+Mauro>	Covered all ER2 Short @ 697.7 --> + 2.6
<+rickf>	short es 1280.50 paper	09:58
<+KN-ES>	Covered 3/4 ES Short @ 1275.75 --> + 7.75
	nop
<+rickf>	grr only got 2 filled :(
<+KN-ES>	Covered 3/4 ES Short @ 1278.75 --> + 4.75
	Covered 2 ES Short @ 1278.25 --> + 5.25	10:00
	h 7 + 4
<+rickf>	exit es 78.25 +2,25 paper
<+KN-ES>	Covered 2 ES Short @ 1279.25 --> + 4.25
	h 7 + 2
<+rickf>	short er2 696.5 paper	10:01
<+KN-ES>	Covered 2 ES Short @ 1277.50 --> + 6	10:03
	h 7
<@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
<+KN-ES>	Covered 2 ES Short @ 1275.50 --> + 8	10:04
<+rickf>	exit er2 694.8 + 1,7 paper
<+KN-ES>	s.l 0.00
	h5
<+rickf>	profits reached
<+KN-ES>	Covered 1 ES Short @ 1276.50 --> + 7	10:05
<+tzar>	nice KN-ES, im short with you :)
<+rickf>	trading 1/2 sizes no	10:06
	now
<+KN-ES>	Covered ES Short @ 1276.50 --> + 7
	Reverse and Enter Long ES @ 1276.50
	s.l 1275
<+rickf>	short er2 694.7 paper	10:07
<+KN-ES>	Exited 1/2 ES Long @ 1278 --> + 1.5
	Exited 1/4 ES Long @ 1277.50 --> + 1	10:08
	h7
<+rickf>	exit er2 695.1 paper -.4
<+KN-ES>	Exited 2 ES Long @ 1279 --> + 2.5	10:09
	Exited ES Long @ 1278.50 --> + 2	10:11
	Reverse and Enter Short ES @ 1278.50
	s.l 81.25	10:12
<+rickf>	this has got to be windowdressing for quarter-end ... haven't seen so much 'decently-up' green in my equity watchlists in a loooong time	10:14
<szubaark>	Shorts ES @ 1280 «« paper »»	10:16
<+szubaark>	exit stop set ES @ 1282 «« paper »»	10:19
<+Mauro>	Shorts ER2 @ 697.4	10:21
<+szubaark>	Covered all Short ES at 1282 --> - 2 «« paper »»	10:24
<+Mauro>	Covered all ER2 Short @ 698.4 --> - 1	10:31
<+szubaark>	Shorts ES @ 1285 «« paper »»
	exit stop set ES @ 1286 «« paper »»
	Covered all Short ES at 1282.75 --> + 2.25 «« paper »»	10:34
<+rickf>	wtg szu	10:35
<+szubaark>	thanks
<+rickf>	long es 1282.75 paper	10:36
<+Mauro>	Shorts ER2 @ 698.8	10:39
<+rickf>	exit es 1285.25 +2.5 paper
<+Mauro>	Covered 1/2 ER2 Short @ 697.8 --> + 1	10:40
<Nesi>	hola Mauro :)
<+Mauro>	Covered Remainder ER2 Short @ 697 --> + 1.8	10:41
<+pat255>	vn mauro
<+Mauro>	tk Nesi and pat	10:42
<+szubaark>	Buys ES @ 1282.45 «« paper »»	10:49
	Buys ES @ 1284.25 «« paper »»	10:51
<+rickf>	back in a bit
<+szubaark>	exit stop moved to breakeven ES @ 1284.25 «« paper »»	10:52
	Exited all Long ES at 1284.25 --> 0 «« paper »»
	Shorts ES @ 1283.50 «« paper »»	10:53
	exit stop set ES @ 1286 «« paper »»	10:54
	Covered remainder Short ES at 1286 --> - 2.5 «« paper »»	10:55
	Buys ES @ 1286 «« paper »»
* codehead_afk	is now known as codehead	11:04
<+szubaark>	exit stop moved to breakeven ES @ 1286 «« paper »»	11:16
* subq	-=market profile charts for today=- http://www.charthub.com/chart/search/mpc hart	11:17
<+szubaark>	Exited all Long ES at 1287.25 --> + 1.25 «« paper »»	11:21
	Shorts ES @ 1287 «« paper »»
	Covered all Short ES at 1289 --> - 2 «« paper »»	11:24
	Shorts ES @ 1290.25 «« paper »»	11:30
<+KN-ES>	Shorts ES @ 1290.50	11:32
	s.l 91.75
	Covered 3/4 ES Short @ 1289.50 --> + 1	11:33
<+szubaark>	Covered all Short ES at 1287.25 --> + 3 «« paper »»	11:48
<+KN-ES>	Covered 1/2 ES Short @ 1286.50 --> + 4	11:49
	h4
* szubaark	is now known as szubaark_away
<+rickf>	bak	12:01
<+KN-ES>	wb rickf	12:03
<+rickf>	:)
<jsbach>	KN: I received the book you recommended a few days ago and have been reading it. I like it!
<+KN-ES>	:)
	glad u like it
<+jsbach>	glad you turned me onto it	12:04
<+KN-ES>	:)
	let me know when u r done, i think i can name some other books
<+jsbach>	I will, thanks
<+KN-ES>	but, these are completely different from each other....... more into fundamental analysis
<+silo>	what book are you talking about	12:05
<+KN-ES>	and some fractal analysis
<+jsbach>	Channel Surfing: Riding the waves of channels to profitable trading by Michael J. Parsons
<+KN-ES>	and will have a post on news trade in few days, we all should take the payroll trade.....its turning to be a good and easy trade now a days	12:07
<+jsbach>	I will give it a try	12:08
	possibly
<+KN-ES>	:)
<+jsbach>	:)
<+KN-ES>	the news are like in three major channel
	we need to keep track the previous few news from the same channel......will lead to directional trade anyway	12:09
<+szubaark_away>	Buys ES @ 1289.25 «« paper »»
<@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_away>	exit stop set ES @ 1286.25 «« paper »»
<+jsbach>	interesting concept	12:10
<+KN-ES>	all you need a major/big order on ur side, :)............ sit back and enjoy the rest of the show.....
<+silo>	waiting for a short now	12:11
<+szubaark_away>	and u watch Market Depth?
<+KN-ES>	yes i do
	i hate to be on the other side of major orders
<+szubaark_away>	exit stop moved to breakeven ES @ 1289.25 «« paper »»
	KN, can u show a Screen Shot of you r MArket Depth Screen?	12:14
<+KN-ES>	check in the forum
	i already posted it
<+jsbach>	Nonfarm payrolls?	12:15
	July 3rd
<+KN-ES>	i have posted a screen shot	12:16
	and ofcourse payroll trade
<+jsbach>	referring to the nonfarm payrolls on july 3rd?
<+szubaark_away>	Exited all Long ES at 1290 --> + 0.75 «« paper »»	12:18
	Buys ES @ 1291 «« paper »»	12:20
<codehead>	ES gettign stopped at hod here, but has a likely 1193 target	12:23
<+codehead>	see if it can get thru at some point	12:24
<+jsbach>	my target is ~1153.25
<+silo>	Shorts ER2 @ 698.20 -> large size «« paper »»
<+jsbach>	which is the 423.6% extension of Wave 1	12:25
<+szubaark_away>	Exited all Long ES at 1289.50 --> - 1.5 «« paper »»
	Shorts ES @ 1289.50 «« paper »»
	exit stop set ES @ 1291.25 «« paper »»	12:29
	huge whipsaws here at Intraday high	12:30
	Covered all Short ES at 1290.75 --> - 1.25 «« paper »»	12:31
	Buys ES @ 1290.75 «« paper »»
	Exited all Long ES at 1289 --> - 1.75 «« paper »»	12:34
	Shorts ES @ 1289 «« paper »»
	frikin chop
<+KN-ES>	91.75 is a huge res	12:35
	it goes till 91.25 and everytime drops	12:36
<+szubaark_away>	yeah and then goes up again LOL
<+KN-ES>	trying but not strong enough
	8 times in last 20 min	12:37
<+szubaark_away>	1286 will be First test IF we going back down
<+silo>	as soon as oil/gold tops	12:38
	i'm adding to my short
<+anglo>	any ticket buyers for 1300+ today?	12:39
<+jsbach>	I have 1322.25 as a possible target.	12:41
	no, that was yesterday's calculation, nevermind
	my chart was messed up too it was missing an interval :p
	I am thinking of 1305 for wednesday	12:42
	that is where trend line meets 200% extension of wave 1	12:43
<+KN-ES>	thats lots of %s calculations......	12:47
<+silo>	Covered all ER2 Short @ 699 --> - 0.8 «« paper »»
	Long ER2 @ 699.40 -> medium size «« paper »»	12:48
<+szubaark_away>