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#FuturesTrades July 2nd Wednesday 2008 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+10.60	+44.20	+1930.80
$1,060	$4,420	$193,080

mini-sized Dow YM

1058am - 1100am est

click on image to view actual size

Current Performance Record

Supply/Demand Change of the Day

Profit/Loss Statement

Trade Posting Chat Log Info: My name is M.A. Perry (a.k.a. online as NihabaAshi - martial arts & Japanese Candlestick term) and I am the moderator of #FuturesTrades.

I use the below chat log as feedback to critical trading information that's not available when I review my broker statements nor any statistical analysis of my trading. Also, the above profit/loss info represents my trades only and all trades were posted in real-time within 5 seconds unless otherwise noted after entry or exit as shown in the below chat log.

Further, although I'm not familiar with the trade methods used by most members of #FuturesTrades, I use a rule based methodology (very objective) that involves price action only trading (no indicators).

There is some subjectivity involved with some of my trades when I'm developing a new entry signal, developing new trade management (hence the name TheStrategyLab.com) or when market conditions change resulting in me relying more on my market experience (intuition) instead of on my trading plan.

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...

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

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Session Start: Wed Jul 02 09:17:55 2008Session Ident: #futurestrades

* Now talking in #futurestrades 09:17

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

* subq -=market profile charts for today=- http://www.charthub.com/chart/search/mpc hart 09:25

<rickf> g, 09:26

<drt> gm everyone 09:29

<Mauro> gm

<Awash> good morning all

<futurible> gm all

<kantor> good morning all 09:30

<ItalianSharp> morning all 09:31

<+rickf> short es 1290.25 paper 09:33

<+Mauro> Shorts ER2 @ 691.2

<szubaark> Shorts ES @ 1290.50 «« paper »» 09:35

<+Mauro> Covered all ER2 Short @ 692.2 --> - 1 09:38

<+rickf> exit es 91.25 paper -1 09:39

<+szubaark> Covered all Short ES at 1291.75 --> - 1.25 «« paper »»

<+Mauro> Shorts ER2 @ 692.8 09:40

<startrader> Shorts ES @ 1992 09:41

<+startrader> Shorts ES @ 1292

<+szubaark> Shorts ES @ 1291.25 «« paper »»

<+rickf> short es 1290.25 paper

<+Mauro> Covered all ER2 Short @ 691.8 --> + 1 09:42

<@NihabaAshi> Shorts ER2 @ 691.80 -> large size 09:43

<+rickf> pinball players out early today

<+Mauro> Shorts ER2 @ 691.5 09:44

<+startrader> Covered 1/2 ES Short @ 1289.75 --> + 2.25 09:45

<silo> Shorts ER2 @ 691.30 «« paper »»

<+szubaark> Covered all Short ES at 1291.25 --> 0 «« paper »» 09:46

<+rickf> exit es 1291 -.75 paper

<@NihabaAshi> Covered ER2 Short @ 691.60 --> + 0.2 09:47

<+Mauro> Covered 1/2 ER2 Short @ 691.6 --> - 0.1 09:48

<KN-SR> Silo : do you still need help with market profile? 09:49

<+rickf> short dax 6420.50 paper

late 09:50

<+Mauro> Covered Remainder ER2 Short @ 690.4 --> + 1.1

<+rickf> exit 1/2 dax 6410.50 +10 paper 09:51

<+szubaark> Shorts ES @ 1290 «« paper »»

<+rickf> h2

<@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 09:52

<+rickf> exit remainder dax 6405 +15.50 paper

<+startrader> Covered Remainder ES Short @ 1289.25 --> + 2.75 09:53

<+KN-SR> nice rick

<+rickf> short es 1289.50 paper

ty

<@NihabaAshi> Shorts ER2 @ 688.90 -> large size 09:54

Missed my re-entry @ 690.40 due to a family distraction here at home :(

<+rickf> dax moves so fast i have to work the trade and then post it when i can :) 09:55

<+Mauro> Long ER2 @ 688.2

<+silo> target near 686 09:56

<@NihabaAshi> Covered ER2 Short @ 687.80 --> + 1.1

<ripsboy> gm all... 09:57

<+rickf> exit es 91.50 -2 paper 09:58

<+Mauro> Exited all ER2 Long @ 689.5 --> + 1.3

<+rickf> factory orders at 10 09:59

<+szubaark> Covered all Short ES at 1292.50 --> - 2.5 «« paper »» 10:00

<@NihabaAshi> Long ER2 @ 690.20 -> medium size

intuition

<+szubaark> Shorts ES @ 1291.75 «« paper »» 10:01

Pinball type Price Action

<@NihabaAshi> Exited ER2 Long @ 689.30 --> - 0.9 10:02

Reverse and Enter Short ER2 @ 689.30

Covered ER2 Short @ 689.20 --> + 0.1 10:05

Going to change my trail because I've gotten shaken out too easy of 2 trades today so far 10:06

Shorts ER2 @ 688.70 -> medium size

<+rickf> this is a WEIRD tape so far :( 10:09

<+szubaark> new month, new weirdness LOL

<@NihabaAshi> Covered all ER2 Short @ 688.90 --> - 0.2 10:10

<+startrader> Low pre holiday volume.

<@NihabaAshi> Long ER2 @ 689.30 -> medium size 10:11

<+kantor> long 1292.50

<@NihabaAshi> tough price action

<Andy> Shorts NQ @ 1875.5 «« paper »»

<+silo> heading down now 10:12

<+Andy> Covered 2/3 NQ Short @ 1873.75 --> + 1.75 «« paper »»

<+ItalianSharp> question: do eminis close early tomorrow? like 1pm?

<@NihabaAshi> Exited ER2 Long @ 688.40 --> - 0.9 10:13

<+startrader> central time 12:15

<+Andy> Covered 1/4 NQ Short @ 1873.25 --> + 2.25 «« paper »»

<+ItalianSharp> 1.15 ET then

<+startrader> yes 10:14

<+ItalianSharp> tx

<@NihabaAshi> Shorts ER2 @ 688.20 -> medium size

geeesh 10:16

<+kantor> covered 91.5 -1

<+Andy> Covered Remainder NQ Short @ 1868.5 --> + 7 «« paper »» 10:17

<+szubaark> nice Andy

<+Andy> thanks szu

<+silo> Covered all ER2 Short @ 686 --> + 5.3 «« paper »»

target reached 10:18

<+szubaark> silo,Intuition?

<+silo> nope :P 10:20

<@NihabaAshi> Covered ER2 Short @ 686.70 --> + 1.5 10:21

<+silo> daily profil goal amost reached

:)

<+szubaark> Covered all Short ES at 1290 --> + 1.75 «« paper »»

<+silo> Long ER2 @ 687.10 «« paper »» 10:24

<+szubaark> Shorts ES @ 1290 «« paper »» 10:25

<@NihabaAshi> Shorts ER2 @ 685.70 -> small size 10:27

make sure to use a stop/loss protection 10:28

It could go into a Pin Ball Machine like price action

<+szubaark> yup.. Tough Opening so far

exit stop moved to breakeven ES @ 1290 «« paper »» 10:30

Covered all Short ES at 1290 --> 0 «« paper »»

:((

<@NihabaAshi> I'm starting to get a little dizzy from this price action

<T-stop> Bush on, Crude inventories # @ :35 10:32

<jsbach> ty 10:33

<+T-stop> np

<+szubaark> Buys ES @ 1287.75 «« paper »» 10:34

<@NihabaAshi> Covered ER2 Short @ 685.50 --> + 0.2

Long ER2 @ 685.50 -> small size 10:36

<+szubaark> geez.. keep missing my Profit Targets by a Tick

<+startrader> that crude reaction was nuts. 10:37

<+szubaark> Exited all Long ES at 1289 --> + 1.25 «« paper »» 10:38

<@NihabaAshi> Exited ER2 Long @ 685.70 --> + 0.2 10:39

I'm sidelined...2 ticks here and there not worth the stress due to Bush being on TV

<+szubaark> Buys ES @ 1289.25 «« paper »» 10:44

<PapaJon> gm all 10:45

<+rickf> short er2 685 paper lg sz

exit er2 684.3 +7 paper

+.7

<+szubaark> Exited all Long ES at 1290.50 --> + 1.25 «« paper »»

nuts action, need to scalp this for frikin ticks 10:46

<+startrader> crude can't find a direction 10:47

they are raising margins tonight plus uk is regulating us products traded on uk. 10:48

<@NihabaAshi> Long ER2 @ 687.20 -> small size 10:51

2 only

intuition

Will be reducing my size down further to 1 contract only due the price action...too tricky for me. 10:52

<+szubaark> Buys ES @ 1292 «« paper »» 10:53

<+rickf> sheesh you cant even scalp this stuff 10:57

<@NihabaAshi> Exited ER2 Long @ 686.70 --> - 0.5

Only reason for the exit was that the price action sucked

<+startrader> Long ES @ 1291.75 10:58

<@NihabaAshi> Shorts ER2 @ 686.10 -> small size 10:59

<silo> Shorts ER2 @ 685.70 «« paper »» 11:00

<@NihabaAshi> Brokers making good commission money today

<+silo> target near 682 11:01

<+szubaark> yup, as everyone flips back and forth trying to go Plus for day

<+startrader> Exited all ES Long @ 1289 --> - 2.75 11:02

<@NihabaAshi> Covered ER2 Short @ 683.50 --> + 2.6 11:05

1 contract only for the remainder of the trading day 11:06

<+startrader> Long ES @ 1287.50

<+silo> Covered all ER2 Short @ 682.70 --> + 3 «« paper »» 11:10

profit target reached

:)

<+szubaark> Exited all Long ES at 1286.75 --> - 5.25 «« paper »» 11:12

Shorts ES @ 1286.75 «« paper »»

<+KN-SR> Covered 1/4 ES Short @ 1286.75 --> + 7

h5

<+szubaark> Covered all Short ES at 1288 --> - 1.25 «« paper »» 11:15

Buys ES @ 1288 «« paper »»

<+startrader> Exited all ES Long @ 1288.50 --> + 1 11:20

<+szubaark> Exited all Long ES at 1286 --> - 2 «« paper »» 11:26

Shorts ES @ 1286 «« paper »» 11:27

<+KN-SR> Covered 1 ES Short @ 1285.75 --> + 8

Covered 2 ES Short @ 1284.75 --> + 9 11:28

Covered 1 ES Short @ 1283.75 --> + 10 11:29

h - last and done with 10 pt trade 11:30

<+PapaJon> KN-SR, If you don't mind me asking... what does the h5,h4,h3, etc stand for? 11:35

<peterpanboy> it is remainer contracts papa 11:37

<+PapaJon> as in "holding 3 = h3"?

<+peterpanboy> yes 11:38

<+PapaJon> gotcha.. thnx ppb

<+peterpanboy> uw

<+KN-SR> h - last = holding 1

sorry didnt see ur q......earlier

* Looking up Trader user info...

<+PapaJon> is ok.. thnx kn-sr. :)

was just curious 11:39

<+KN-SR> uw and np, anytime

<+ripsboy> Kn...Thanks for the heads up on the book...Have already benefited from it. 11:42

<+KN-SR> :) 11:43

nice

i worked a lot with that book

and that book is always on my table :) 11:44

<+ripsboy> Funny thing...thats the way I use to trade when I traded stocks some years age...then got away from it.

<+peterpanboy> nice what book?

<+ripsboy> Channel Surfing by Michael Parsons 11:45

<+peterpanboy> thanks ripsboy

<+startrader> Long ES @ 1282

<+ripsboy> yw

<+KN-SR> well, here is a note......... since we are not busy trading............ 11:46

price action(Report), md and vol and t&s will assist a good entry, may be a very good entry 11:47

but

we should have a clr idea of the trend, long term trend 11:48

<+startrader> Long ES @ 1280.50 -> Add

<+KN-SR> without that the rest will just help us in scalping

dax and hsi and nk225 should give us a good idea what most likely is going to happen in first hr of us trading session 11:49

of couse we will have to keep in mind of all those overexcited new traders making all the noise 11:50

thats it.....................

<MK> Covered all ER2 Short @ 678.3 --> + 21.5 «« paper »» 11:51

<+KN-SR> nice trade 11:52

<+MK> held since yesterday

<+KN-SR> cool 11:53

<@NihabaAshi> Great trade

<+startrader> need some help from oil here.

<@NihabaAshi> Shorts ER2 @ 677.20 -> small size

Covered ER2 Short @ 676.80 --> + 0.4 11:57

<@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 11:58

* codehead_afk is now known as codehead

<+jsbach> Anyone using mirus? 11:59

<+KN-SR> http://www.youtube.com/watch?v=An3kIzrOl oM&feature=related 12:00

sorry

wrong place

<+jsbach> haha 12:01

<+KN-SR> :)

loose track of the windows sometimes

<+PapaJon> hehe.. is why i have dif colored windows for mine 12:02

<+MK> Long ER2 @ 678 «« paper »»

<+PapaJon> makes it much easier to identify

<@NihabaAshi> Long ER2 @ 678.30 -> small size 12:03

<+jsbach> half the channel is now listening 2 slipknot 12:04

<+KN-SR> this is the new single they just have released

:)

<+jsbach> sweet 12:05

i still like wait & bleed better i think

hmm 12:06

<+startrader> Exited all ES Long @ 1282 --> + 1.5

<+KN-SR> http://www.youtube.com/watch?v=Wm2KeW9Ke 2s

this should be very close to sn 12:07

<@NihabaAshi> Exited ER2 Long @ 677.50 --> - 0.8

<+jsbach> i like this one :) 12:08

it's a variation from what i normally listen 2 12:09

<+KN-SR> the other one is sound garden's BLACK HOLE SUN and chris de burgh's light a fire

ones

are

very very close

<@NihabaAshi> Long ER2 @ 677.50 -> small size 12:10

<+KN-SR> pantera has another one . i gues....... i m broken 12:12

enough for a day

:)

<+jsbach> hehe, it's 1am here...so I have just finished a beer...thinking about getting to bed in a few 12:14

<@NihabaAshi> Exited ER2 Long @ 678.10 --> + 0.6 12:15

* NihabaAshi is now known as NihabaAshi_lunch

<+KN-SR> too strong for 1 am 12:16

although not for me, any given time

<+jsbach> life is too strong for 1am, but the 1 or 2 beers helps get me to sleep :p

<+KN-SR> ... no help there... dont drink at all 12:17

<+jsbach> i am almost finished with the book

<+KN-SR> http://www.youtube.com/watch?v=3Xdc6fEho H4

try this one, a little soft 12:18

<+jsbach> i am on chapter 7, multiple time frames

I was able to find the top of the financial markets from my 60m ER2 chart...one sec I am going to upload my chart 12:19

<+KN-SR> revis has another single, seven... i think best one although kind of soft

:)

still in charts, come on, take a break :)

<+jsbach> hehe 12:21

whateva

ok 12:23

http://stealth.kirenet.com/~r1chard/char t.jpg 12:24

<+MK> Long ER2 @ 676.5 «« paper »»

<+KN-SR> we should see 73 today 12:25

<+jsbach> glad to hear you say that...i am still short 12:26

<+KN-SR> job report is expected to be not so good

<+jsbach> i am with you on the NFP trade tomorrow

<+KN-SR> price should go down to get the price built in b4 the news

:) 12:27

i have a 8 cot trade open from 1322 :)

<+jsbach> LOL

<+KN-SR> trying to get it right for the whole trend this time 12:28

<+jsbach> i am about to start a second account so that it will make it easier for me to swing

i think i got that idea from one of your articles

<+KN-SR> there are so many things here and there, all somehow comes colse to make a trade decision.............. try to include anyting that i can remember when i write those 12:29

i think trading is 80% whats in ur head that come in help in that exact moment when you take a trade 12:31

<+MK> Exited ER2 Long @ 675.6 --> - 0.9 «« paper »»

Reverse and Enter Short ER2 @ 675.6 «« paper »»

<+jsbach> yeah when I read about your perspective on that in your article it got me thinking 12:32

<+startrader> Long ES @ 1277.50

<+jsbach> so, for the NFP trade, you're gonna trade dax? 12:34

<+KN-SR> dax is safer

but i m already in a es trade

<+jsbach> referring to the one from 1322?

<+KN-SR> yes 12:35

i have a very comfortable 50 points stop right now

if it goes down, looking for another 50

but i will be in dax tomorrow 12:36

<+startrader> Long ES @ 1376.75 -> Add

<+jsbach> gonna be in here?

<+KN-SR> i dont have to take any entry in es

if it goes donw

<+szubaark> Covered all Short ES at 1277 --> + 9 «« paper »»

<+startrader> Long ES @ 1276.75 -> Add

<+KN-SR> will try :)

<+jsbach> ok, you know also the ECB interest rate is coming out at the exact same time as the NFP

<+KN-SR> yes

no good news for es 12:37

let me give you another book...........if you want to really get into news and fundamental study of the market

<+jsbach> yes 12:38

<+KN-SR> the secret of economics indictors - hidden clues to future economics trends and investment opportunities BY Bernard Baumohi

<+jsbach> ty 12:39

<+peterpanboy> nice thanks KN

<+MK> Covered ER2 Short @ 676.3 --> - 0.7 «« paper »»

Reverse and Enter Long ER2 @ 676.3 «« paper »»

<+KN-SR> well you will have to even further to get into the core

let me give you another book

<+startrader> Exited 1/2 ES Long @ 1278.75 --> + 2 12:40

<+KN-SR> the behavior of markets - a fractal view of ris, fuin and reward BY benoit mandelbrot

risk ruin and reward 12:41

let me know when u r done with these and if you like it............ i will then suggest some other books 12:42

<+jsbach> thanks 12:43

<+KN-SR> u welcome

<+startrader> Exited Remainder ES Long @ 1280 --> + 2.5 12:44

<+KN-SR> these are some books that always on my desk, see if these help u

thast are

<+peterpanboy> many thanks KN

<+KN-SR> uw

<+MK> Exited all ER2 Long @ 677.6 --> + 1.3 «« paper »» 12:45

<+KN-SR> but b4 anyting dont forget to follow the chart pattern by tomas n bulkowski

<+jsbach> is that a book? 12:46

<+KN-SR> that should be a very good start

these books should allow to have very good fundaments..............once u r done with those, u will find ur own way to the next books...........then u will know where to go 12:48

and which area to cover 12:49

<+jsbach> yeah 12:50

I enjoy reading this type of stuff 12:52

<+silo> Long ER2 @ 679 «« paper »»

<+startrader> well timed break of oil to help out the indexes. 12:53

<anglo> I enjoy reading porn. About as useful too, in my opinion.

<+KN-SR> glad u just read ( you are in those 0.000000000000005 % who reads pron)...............:) 12:54

i guess only trading can fix u, save u, this time :) 12:55

wating for 73, need to go 12:57

76.25 was last low 12:58

too close but not close enough :( 12:59

<+startrader> Long ES @ 1279.75 13:01

<+KN-SR> bbl............ s.l 93.75 0.00 ........... tp 93+- 13:05

73+-

<+startrader> Long ES @ 1278.50 -> Add 13:06

<+anglo> you are probably right , as usual.

<+szubaark> Buys ES @ 1277.25 «« paper »» 13:08

exit stop moved to breakeven ES @ 1277.25 «« paper »» 13:10

<+rickf> short es 1278.50 paper sm sz 13:13

<+szubaark> Exited all Long ES at 1279.25 --> + 2 «« paper »» 13:14

<+startrader> Long ES @ 1278.25 -> Add 13:18

<+MK> Long ER2 @ 677.7 «« paper »» 13:19

<+rickf> exit es 79.50 -1 paper 13:20

<+startrader> Exited 1/2 ES Long @ 1279.25 --> + 1 13:22

Exited Remainder ES Long @ 1280.25 --> + 0.5 13:24

<+silo> Long ER2 @ 679.20 -> Add «« paper »» 13:28

<+codehead> the lod 5-min bar on YM had had more than twice the volume of the other bars 13:40

<+silo> Exited all ER2 Long @ 682. --> + 5.8 «« paper »» 13:56

<@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 14:01

<+codehead> .500 retracement of lod to last high 14:23

* NihabaAshi_lunch is now known as NihabaAshi 14:24

<+szubaark> Shorts ES @ 1281 «« paper »» 14:25

Covered all Short ES at 1278.50 --> + 2.5 «« paper »» 14:27

<startrader> new highs on oil 14:30

<+startrader> They ran that into the close to take out shorts and keep new option positions being taken. Same thing happened in grains today. 14:34

<+rickf> short es 1278.75 paper 14:35

<@NihabaAshi> Long ER2 @ 676.90 -> small size 14:36

Exited ER2 Long @ 676.40 --> - 0.5 14:37

Reverse and Enter Short ER2 @ 676.40

<+rickf> exit 1/2 es 76.75 +2 paper 14:38

<+szubaark> nice quick trade rick

<+rickf> ty szu

<@NihabaAshi> Covered ER2 Short @ 676.30 --> + 0.1 14:39

poor exit 14:40

<+rickf> exit 1/2 es 75.75 +3 paper 14:43

<+codehead> YM only made new lod by 2 ticks so far

<@NihabaAshi> Long ER2 @ 676.50 -> small size 14:45

<+szubaark> Weak Support area 14:46

<+rickf> exit es 76.75 +2 paper 14:47

<@NihabaAshi> Yep...agree about a weak support area

Hopefully some Longs show up to help me out

<+szubaark> Niha,was that "Intuition" Long or "Pattern Signal"? 14:48

<@NihabaAshi> Exited ER2 Long @ 676.60 --> + 0.1 14:50

<+rickf> short es 1276.50

exit 1/2 es 74.50 +2 paper 14:54

<@NihabaAshi> Shorts ER2 @ 675.70 -> small size 14:55

<+rickf> exit 1/2 es 73 +3 paper

<+startrader> Long ES @ 1273.50

<+rickf> exit es remainder 74.50 +2 paper 14:56

<+startrader> Exited 1/2 ES Long @ 1275.50 --> + 2 14:57

<@NihabaAshi> Covered ER2 Short @ 676.00 --> - 0.3 14:59

Reverse and Enter Long ER2 @ 676.00

There's a lot of probing going on...a lot of traders being happy with just capturing a few ticks :(

<+rickf> short es 1274.50 paper 15:00

<@NihabaAshi> Exited ER2 Long @ 675.10 --> - 0.9 15:02

Reverse and Enter Short ER2 @ 675.10

<+silo> Shorts ER2 @ 675.20 -> medium size «« paper »»

<+rickf> exit 1/2 es 73.50 +1 paper

<@NihabaAshi> should'uv manual reverse it at 675.70 when I had the chance a minute earlier :( 15:03

<+startrader> Long ES @ 1273

<Bambam-77> 1270 pos es trgt

<+Bambam-77> 671 on russel 15:04

both projected

<@NihabaAshi> Covered ER2 Short @ 676.00 --> - 0.9

<+Bambam-77> measured moves as well as gann angles

<+rickf> exit es remainder 74.50 b/e +0 paper (stopped) 15:05

short es 1274.75 paper lg sz

<@NihabaAshi> Got a 1.5 point range of Pin Ball Machine price action 15:06

<+rickf> exit 1/2 es 1273.75 +1 paper

no kidding

knew it was goign to drop on that last trade but didn't want to risk an upside surprise

i hate going right back in on my intended direction :( 15:07

<+szubaark> yeah..just sitting here now

<+Bambam-77> wild ride today

<+rickf> exit es remainder 74.25 +.50 paper

dammit :( 15:08

<+silo> Shorts ER2 @ 675.30 -> Add «« paper »»

<+Bambam-77> i am ss anything below 76.5 on retrc 15:09

<@NihabaAshi> Shorts ER2 @ 675.50 -> small size

<+Bambam-77> 1270 come on

<+szubaark> probobly lower then 1270 15:10

<+Bambam-77> is tomorrow a full day or 1/2 15:11

<BigDawg291> 1/2

<+Bambam-77> i am ok with that to ss from mid 80's

<Trader> What a disaster today. The market not my account

<@NihabaAshi> Covered ER2 Short @ 674.80 --> + 0.7

<+rickf> those last 2 trades were the best i've had all day -- finally some pa i could deal with 15:12

<+Awash> Exited all ES Long @ 1272 --> + 3.5

<+Bambam-77> russel slowing desent

<@NihabaAshi> Long ER2 @ 676.00 -> small size

That 676.00 is like a pivot it can't stay away too long from 15:13

<+rickf> short es 1272.75 paper 15:14

<+Bambam-77> wtg all shorters we almost nailed our 70 days not over yet 15:15

1261 is next gann lvl

<Widgetman> ES better hold here

<+Bambam-77> fyi

<+Widgetman> -1/8 MM for me

<@NihabaAshi> Exited ER2 Long @ 676.50 --> + 0.5 15:17

ER2 still probing this weak support area that looks like a 1.5 price range 15:19

Shorts ER2 @ 675.00 -> small size 15:20

<+rickf> exit es 1372 +.75 paper 15:21

<@NihabaAshi> Covered ER2 Short @ 675.60 --> - 0.6

Long ER2 @ 675.60 -> small size

that was actually a position reversal 15:22

<+Andy> Long ES @ 1272.5 «« paper »» 15:23

Exited 3/4 ES Long @ 1273.5 --> + 1 «« paper »» 15:24

Exited Remainder ES Long @ 1274 --> + 1.5 «« paper »» 15:25

<+Bambam-77> es conf long above 74 15:26

otherwise i am re ss

<@NihabaAshi> Exited ER2 Long @ 675.70 --> + 0.1

<+rickf> dang niha :(

<+Bambam-77> er needs to clear 77 15:27

<@NihabaAshi> could have been worst with the new range of 676.80 - 674.30

<+rickf> short es 1272,25 paper (again)

<+Bambam-77> otherwise i am short 15:28

<+silo> Shorts ER2 @ 674.80 -> Add «« paper »» 15:29

<+rickf> exit 1/2 es 1271 +1,25 pape

paper

<@NihabaAshi> support broken...

Took forever

Looks like it also ran through a bunch of stops

Shorts ER2 @ 673.40 -> small size 15:30

<+silo> intuition i'm assuming

<+Bambam-77> awsome day next lvl is 1260 as posted 15:31

<+rickf> exit 1/2 es 1268.25 +4 paper

<@NihabaAshi> Covered ER2 Short @ 673.20 --> + 0.2 15:32

4 trade this afternoon that retraced like that :(

<+Bambam-77> 670 for er come on

<+rickf> to quote niha...."geeesh"

<+Bambam-77> do not worry i predic we get a nice rally aft jully 4th 15:33

no one want to take position home before holiday is my thinking 15:34

but what do i know 15:37

1261 es and 671 er 664 aft that 15:38

<+silo> Covered all ER2 Short @ 672.80 --> + 4.4 «« paper »» 15:40

<+Bambam-77> look for pos rally at 3:48 pm pos time pivot

<@NihabaAshi> Long ER2 @ 672.40 -> small size 15:41

<+peterpanboy> ok end for today, tomorrow payroll and bce meeting take car

see ya bye

<@NihabaAshi> oh oh 15:42

Exited ER2 Long @ 671.90 --> - 0.5

Reverse and Enter Short ER2 @ 671.90

<+rickf> still short from 72.25 paper h6 15:43

<@NihabaAshi> I saw that one coming from a mile away

<+Bambam-77> 61 come on then pivot

<@NihabaAshi> Covered ER2 Short @ 671.20 --> + 0.7

<+rickf> exit 1/2 es 64.25 + 8 paper

h3

<+Bambam-77> 671 sweet 15:44

time do or die here 15:45

pos pivot

vol light so far selling pos over 15:46

3 min chart

next candle should give us direction 15:47

61 so close 15:48

protect shorts

small long pos at 65

63.75 stp 15:49

still net short

<KN-SR> finally

<+Bambam-77> flat long

61 or bust 15:50

<+KN-SR> Covered ES Short @ 1262.75 --> + 31

<+rickf> exit es remainder 1262.25 +10 paper -- got it! 15:51

<+KN-SR> Long ES @ 1262.50

sk 61

take care all

<+rickf> cya

<+KN-SR> see u all tomorrow

<@NihabaAshi> Thanks

<+KN-SR> nice rickf

<+rickf> ty

<@NihabaAshi> Take care KN...good trading

<+Bambam-77> 671 on er holding

<+KN-SR> thanks

<+Andy> nice KN

<+KN-SR> was waiting for this drop whole day 15:52

:)

thanks

<+Bambam-77> flat 1266 stp last lot or 1261 15:54

<+KN-SR> Exited 3/4 ES Long @ 1263.50 --> + 1 15:55

s.l 1.5

<+Bambam-77> capitulation in the close 20 min left 15:56

<+KN-SR> Exited 2 ES Long @ 1264.50 --> + 2 15:57

Exited 2 ES Long @ 1264.50 --> + 2

<@NihabaAshi> rickf...you getting DAX data/trades in your charting program right now ???

<+Bambam-77> 11242 is my indu pivot below we still short

<+rickf> yep

6312

<@NihabaAshi> :(

<+rickf> thereabouts

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Trading Strategies ->   Strategies used by NihabaAshi, from entry to exit, exploit inefficiencies in the price action for profits of the following trading instruments via WRB Analysis and Intermarket Analysis: Emini Index Futures (EMD, 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), COMEX Metals Futures (GC), Forex Currencies (EurUsd, EurYen, UsdCdn), Exchange Traded Funds (DIA, GLD, OIH, IWM, QQQQ, SPY, XLE) and Hang Seng Index Futures (HSI)

<+KN-SR> holding 4 ........... tp1 5.00 for 2 and trailing 5 for 2..............stop 61 1.50

<@NihabaAshi> That's a weird flaw with my data vendor.

<+KN-SR> worst case, it will be a b/e trade 15:58

take care all

and good trading

<+anglo> I finally sratched my short from 2005 at 1262.25

<@NihabaAshi> The chart stops @ 3pm est while I see trades continuing afterwards on the broker platform

<+anglo> -$4.80

<+rickf> :(

<+Bambam-77> 61 15:59

<@NihabaAshi> Shorts ER2 @ 670.60 -> small size

<+Bambam-77> flat 61.5 16:00

<@NihabaAshi> weird pin ball machine price action

Like a panic almost

<+rickf> feels like a slaughter

indiscriminate selling everywhere

<+Bambam-77> love my mit orders filled at 61.75 o well 16:01

<@NihabaAshi> tight trail 16:03

<+Bambam-77> well the it is 61

<@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 16:04

<@NihabaAshi> Covered ER2 Short @ 670.20 --> + 0.4 16:06

:(

<+rickf> just glad today is done

<@NihabaAshi> agree

Take care all and expect some of the same tomorrow.

<+rickf> yepper 16:07

i'm done too. later, all!

<+Bambam-77> night all 16:15

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