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#FuturesTrades July 8th Tuesday 2008 Trade Log

 

Russell 2000 Emini ER2 Futures

Today Month Year
+33.70 +122.40 +2009.00
$3,370 $12,240 $200,900

Emini ES

1048am - 1051am 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
  
Session Start: Tue Jul 08 00:00:00 2008Session Ident: #futurestrades
<@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.htm00:49
<KN-SR>  Shorts ES @ 6326 03:00
<+KN-SR>  Covered ES Short @ 6321 --> + 5

1/203:01
<lisa> kn, es or dax
<+lisa> 6321
<+KN-SR> dax
s.l 6331
<+lisa> down more tomm?03:02

es
<+KN-SR> tomm?
<+lisa> y
<+KN-SR> what is tomm?
<+lisa> or support hit now

tommorrow
<+KN-SR> i think we will have a bullish day tomorrow03:03
<+lisa> as today?
<+KN-SR> not sure yet, i havent done anything yet... just got to the desk
<+lisa> asia bad news
<+KN-SR> as usual
<+lisa> drive market down03:04
<+KN-SR> well, here is a thing
add.. 28
i think is interesting03:05
<+lisa> es ?
<+KN-SR> wait
Shorts ES @ 6328
add
<+lisa> 38 is next support
<+KN-SR>  Covered 1/2 ES Short @ 6323 --> + 5
out all 26 23 +3
s.l. 633303:06
ok back
the interesting thing si s
i they knwo what u and i know, dont u thing they will try to use it against us?
they means market makers
cool03:07
it dropping
wehen asia market has a down day
thre rest of the world expects that us seesion will have a down day too03:08
there is the problem
<+lisa> y

that why it down now
<+KN-SR> often atlest 80% time us session acts as a pull back session
we are no longer in regular session mode03:09
as we have globex
any market reacts to anyting quick03:10
only difference is in volume
i think by time everyone knows a news, it not a news anymore
add 1803:11
hit and out b//////////////////////e03:13
b/3
e
bad call
Shorts ES @ 6336
s.l 42
brb
Covered 1/2 ES Short @ 6326.00 --> + 10 03:16
not es its dax03:17
<+lisa> lol
<+KN-SR> i was too busy with price and all those voluem and market depth
hardly looking at the chatt log
this is why i dont post my dax trades here, very hard to go back and forth03:18
dax changes pretty fast
<+lisa> y

how much each tick worth03:19

u r not in usa , r u
<+KN-SR> in m in tx
25 Euro
<+lisa> how much in us dollar03:20
<+KN-SR> times 1.5
<+lisa> u trade at night often/03:21

?
<+KN-SR> i trade dax for few hrs every trading day......... so yes03:22
i like dax
over es
<+lisa> er,es u trde at regular hour
<+KN-SR> yes03:23
<+lisa> no sleep
<+KN-SR> i trade anyting :)
<jsbach> KN...
<+KN-SR> hi jbasch
Covered 1 DAX Short @ 6318 --> + 18
h 303:24
i like to trade different instrument
get bored after a while
:(
fill was at 631903:25
<+jsbach> KN, I am using Ninjatrader for charting, and I don't like how when I switch to a smaller time frame, it seems like my trend lines (from larger time frames) are no longer in place... ---- From your experience, what is a good charting software for using channels?
<+KN-SR> ensign
they have auto trend ............... shows u a channel03:26
<+jsbach> ty
<+KN-SR> and
the best one is tradesion
but its a way lot complicated03:27
ensign should be ok at this moment i guess
add 15
Covered 1/2 DAX Short @ 6305 --> + 31 03:28
h 3 + 203:29
brb03:31
Covered 1 DAX Short @ 6300 --> + 36 03:33
3 + 1
brb03:35
<+lisa> oil drop crazy03:39
<+KN-SR>  Covered 1 DAX Short @ 6291.00 --> + 45 03:46
h3
Covered 1 DAX Short @ 6281 --> + 55 03:47
h2
Covered 1 DAX Short @ 6286 --> + 50 03:48
h - Last
s.l 6331 +5.00
bbl03:52
<@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.htm04:58
<+tzar> KN-SR05:04
KN-SR
KN-SR
KN-SR05:10
KN-SR
KN-SR
<+jsbach> how's it goin tzar?05:11
<+tzar> morning jsbach
just woke up
<+jsbach> gm
<+tzar> shorting dax05:12
<+jsbach> same here lol
<+tzar> :)
where you in at
<+jsbach> im in at 6305
<+tzar> 06 here
beat ya :)
<+jsbach> :)
<+tzar> im out
03.5
<+jsbach> nice05:13
<+tzar> i like the long better
its down 153
has to go up
what do you think
in at 06 again05:14
<+jsbach> i'm not sure, i was thinking dax would go down on the "europe's shares slide..." news
<+tzar> it is down 154 points alerady05:15
thats a lot
target 02.5
<+jsbach> true..it has been trying to go back up...making subtle higher lows
<+tzar> 2 ticks
comoen
1 tick
crap
<+jsbach> but this news will possibly send it back down to where it was before it started coming back up. maybe. hehe05:16
<+tzar> moved to 03.5
you still in?
<+jsbach> unfortunately
<+tzar> giving it till 12 then i reverse05:17
long05:18
12
you still in?05:19
<+jsbach> ya05:20

hehe
<+tzar> masachist :)
<+jsbach> stop at 6316..not looking good...it's like they institutional buyers know the "herd" is trying to short the news...
<+tzar> lots of action at 1205:21
i have a talent of getting in right where it resistance/support
not above it or below it
<+jsbach> so this week is earnings report week...05:23
<+tzar> short 7.5
<+jsbach> does that mean same for European companies?
<+tzar> no clue
i bet KN-SR knows
KN-SR
KN-SR
KN-SR
KN-SR
wake up
nice hold05:24
<+jsbach> finally I am back at b/e

yeah
<+tzar> really
mustve sweat a litle?
* +jsbach gets a hankercheif
<+tzar> :)
im down 187
realised
<+jsbach> tryin 2 keep a close eye on the news05:25

the high volume on that green doji was a good sign05:26
<+tzar> no chart here
<+jsbach> looking at 1min chart..it had highest volume within the past 18 mins
<+tzar> out
299
wee
im 25 green
from -187
pheww05:27
some heavey volume going thru
short 9705:28
<+jsbach> nice
<+tzar> right in time05:29
look at ES05:30
trying to break 40
big support
gonna get out here
out 93.5
damn05:31
your in right?
<+jsbach> yeah05:32
<+tzar> nice
next time i get in is when es break 40
<+jsbach> hangin in there...moved stop profit to 6296
<+tzar> in 2 ticks
might even long here05:33
dax is exciting
very
long 9005:34
this is just a scalp
small target
9405:35
couldnt hold it
got out 93
im now at +187.50 euro :)05:36
5 min ago i was -187.50
<+jsbach> nice05:38

good holding
<+tzar> crap
i shorter 96.5
try to get out
<+jsbach> i am hoping that a lot of ppl are going to see this retracement as a secondary opportunity for getting in short..05:39
<+tzar> weeeee
im out
at +1 tick hah
to cover costs
i did not like this one bit05:40
was stupid trade to do
based on overexcitement
seeing ES going up
where you from jsbach
<+jsbach> tallahassee, fl05:41
<+tzar> toronto, canada
<+jsbach> never been there
<+tzar> pretty here05:42
clean compared to nyc
you in?05:43
<+jsbach> no, my stop profit got hit @ 9605:45
<+tzar> how many points did you get
<+jsbach> 9 or 1005:46
<+tzar> nice
<+jsbach> I need to work on my exits
<+tzar> how many contrats you takin
<+jsbach> 105:47
<+tzar> same
one day ill be taking 8 like kn
haha
<+jsbach> I am hoping for the same
<+tzar> you still short bias??05:51
<+jsbach> I'm undecided...

looking at news
<+tzar> i took a long
scalp05:52
300.5
ES pushing up
out
303.505:53
when did you start trading dax05:58
<+jsbach> just within the past couple of weeks with real funds
<+tzar> how is it going so far
<+jsbach> not too good05:59
<+tzar> sorry to hear
<+jsbach> yeah...
<+tzar> getting excited here06:00
dax that is
8.5 long06:02
dang06:06
took a loss there
2 ticks
no way06:07
coulda made my 1 tick profit06:08
as NihabaAshi says.. Houdini escape
but i couldnt hold it
<+jsbach> haha
<+tzar> took the 25 $ loss
you watching ES?06:10
jsbach06:11
<+jsbach> yes

but mostly watching dax
<+tzar> do you see a corelation?
did you go long?06:14
<+jsbach> yeah, got stopped out06:16
<+tzar> :(
post your trades
if you dont mind06:17
i want to trade togather
<+jsbach> eeek :)06:18

okay i'll try
<+tzar> long 86.506:19
out 8806:20
dont like this long06:21
<+jsbach> good exit
<+tzar> might break down
bad trade
i expected a sharp up run
didnt happen, then i bailed
<+jsbach> i need to learn how to exit sooner...i am usually late on excit06:22
<+tzar> damn06:23
now it goes
i thought this move would happen but faster06:24
<+jsbach> good entry..
<+tzar> i guess06:25
but bad exit
<+jsbach> you stuck with the plan06:26
<+tzar> thats true
and made 3 ticks
could have been 20 ticks
im scared to enter here06:28
<+jsbach> short 6297.5
<+tzar> nice
you short and it jumps down
<+jsbach> going against me here now06:29
<+tzar> :(
careful ES quite high
<+jsbach> hmm06:30

out
<+tzar> ES and dax have good correlation right now
and DAX is lagging
the last trade06:32
why did you take it
<+jsbach> I can't remember06:33

wonder what that volatility spike was about06:35
<+tzar> hmm06:36
probobly KN took a long
23 long
<+jsbach> short @ 132106:38

i mean 6321

hehe

out +606:39

short 632006:40

out -2
<+tzar> how many did you take06:41
cts
im out -506:42
<+jsbach> short 632406:43
<+tzar> that was violent
<+jsbach> out +206:44

short 6323.506:46

out +2
<+tzar> scalping eh
<+jsbach> yeah..looking at 1min chart..see the volume spike with the candle with the long upper wick..06:48

another high volume interval just appeared...long upper wick..06:50
<+tzar> the violence06:53
volotile
<+jsbach> i think we are at a top here

notice the volume spike in ES
<+tzar> im short 29.5
2 ct
not liking this one bit06:54
<+jsbach> 29.5?
<+tzar> yep
first was 26.5
secod 32.5
avg
29.5
im out
26.5
<+jsbach> out
<+tzar> thats like +606:55
looking for a short again
<+jsbach> me too
<+tzar> 37.5
looks like DAX is leading now06:56
ES lagging
out06:57
34.5
+3
staying away from shorts
looks like this thing wants to close the gap
we might face some resistance here06:59
ES close to 50
i say we go another 10 points up on dax
and hang there for a while
<@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.htm07:01
<+tzar> you in?07:05
<+jsbach> ya
<+tzar> where at
<+jsbach> 6338.507:06
<+tzar> nice
target
?
<+jsbach> not sure..just got stopped

(stop profit)07:07
<+tzar> take it again?
<+jsbach> not yet
<+tzar> im pending
41
<+jsbach> u are trying 2 get in at 41?
<+tzar> 1
trading 2 was extreme07:08
<+jsbach> 2 = to hehe
<+tzar> oh
yes
<+jsbach> ok
<+tzar> trying to short 31
41
dont think ill get it
and if i do
i dont think ill want it then
you green for the day?
<+jsbach> no, I am down a bit07:10
<+tzar> we gonna have to fix that07:11
im down from my day net high
that -5 was on 2 ct
and was painful
<+jsbach> oh...what instrument?
<+tzar> DAX
<+jsbach> ahh
<+tzar> yea
200 euro out the window07:12
im up 287 now
was at 400
fees probobly near 80$07:13
pending 33607:14
short
<+jsbach> seems reasonable07:15
<+tzar> got it
32 target
41 still pending07:16
push it down!
hmm07:17
got 41
oh crap
took 46.507:18
3 cts total
<+jsbach> possible bearish div.
<+tzar> 41 avg
<+jsbach> es lower high, dax higher high

stalled here07:21
<+tzar> well this sucks07:22
<+jsbach> maybe they will come down and fill the WRB07:23
<+tzar> it wil
will
i hope
thier pushing it up07:28
im out
im down 300
long 48.507:30
2
short 46.507:32
2
out 42.5
<+jsbach> has entered WRB S/R zone07:37

should fall to bottom of support

of WRB

I am up +2007:43

on this one...and still going

you still awake?07:45
<+tzar> yep
<+jsbach> nice

did u get in when it crossed into the WRB zone?

or before that...or not at all
<+tzar> dont know whats the WRB zone07:46
but holding a nice short
<+jsbach> nice
<+tzar> thats giving me my money back
<+jsbach> same here
<+tzar> :)
where you at
in07:47
<+jsbach> 6350.5
<+tzar> nicee
you green?
<+jsbach> out +20
<+tzar> i think it still has some juice
<+jsbach> yes

7:18am...that is when we first noticed a possible bearish divergence07:48

that is where the WRB is
<+tzar> pheeew
managed to cancel my exit
and it fell another 2 pts :D07:49
<+jsbach> :) :)
<+tzar> i want 24.5
then i too will have 20+
comoen 2 more points07:50
1 more
push it down
<+jsbach> hmm
<+tzar> give me 24.5
<+KN-SR>  Shorts DAX @ 243.75
<+tzar> well well wel
who decided to join the tea party :)07:51
morning kn
<+KN-SR> gm
<+tzar> out 29.5
<rickf> gm
<+tzar> stoped out
<+KN-SR> s.l 1.2507:52

brb
<+jsbach> good morning rickf
<+rickf> gm jsb
<+tzar> heya rick07:53
<+rickf> compose anything good? :)

gm tsar, all
<+KN-SR>  Covered DAX Short @ 1244.25. --> + 243.75 - 1244.25. 08:00
Reverse and Enter Long DAX @ 1244.25.
<+rickf> :(
<+KN-SR>  Long DAX @ 1244.25
<+rickf> long dax 6338 paper
<+KN-SR>  Exited 1/2 DAX Long @ 1247.25 --> + 3
Exited ES Long @ 1247.50 --> + 3.25 08:01
Reverse and Enter Short ES @ 1247.50
s.l 1.25
<+rickf> exit dax 6349 paper +9
<+KN-SR>  Covered 3/4 ES Short @ 1246 --> + 1.5 08:02
Covered ES Short @ 1246.25 --> + 1.25
Reverse and Enter Long ES @ 1246.25
s.l.508:03
<+rickf> long da 6344 paper
<+KN-SR>  Exited 3/4 ES Long @ 1247.75 --> + 1.5 08:04
Exited ES Long @ 1247.00 --> + 0.75 08:06
Reverse and Enter Short ES @ 1247.00
s.l 49.25
<+rickf> exit dax 6349 -5 paper
<+KN-SR>  Covered ES Short @ 1246 --> + 1 08:07
Reverse and Enter Long ES @ 1246
s.l 43.25
<+rickf> long dax 6344 paper08:08
<+KN-SR> brb
<+tzar>  Long DAX @ 6339 «« paper »» 08:09
<+rickf> exit dax 6340 -4 paper08:14
<+tzar>  Exited all DAX Long @ 6343 --> + 4 «« paper »» 08:18
<+rickf> long dax 6342 paper
<+tzar>  Long DAX @ 6338 «« paper »»

Exited all DAX Long @ 6342.5 --> + 4.5 «« paper »»
<+KN-SR> nice tzar
<+tzar> thanks :)

its ranging08:19
<+rickf> exit dax 6347 +5 paper
nice tsar
tzar
<+tzar> you took rickf

:)
<+rickf> you know who you are :)
<+tzar> lol
<+rickf> just doesnt want to go above 6351 or so08:20
<+tzar> im pending short 50
<anglo> gm
<+tzar> gm anglo08:21

Shorts DAX @ 6350 «« paper »» 08:22
<+rickf> might be dangerous08:24
<+tzar> yep

im stopped out
<+rickf> whats your sl
<+tzar>  Covered all DAX Short @ 6353 --> - 3 «« paper »»
<+rickf> ahh
<+tzar> it looks liked it was going to do that08:25

i wanted 2 ticks profit

thats all

it spend too much time above 50
<+rickf> on dax i have given up using stops -- it moves bigtime within the trend but can still keep the trend
<+tzar> yep
<+rickf> got stopped out a bunch and then said i'd fly it manually
been down 10 and suddenyl up 15
<+KN-SR>  Exited 1/2 ES Long @ 1249.50 --> + 3.5
<+tzar> i put a stop on dax if i see theres imminent danger08:26
where i jsut want to cover my fees
<+rickf> fair 'nuff
<+tzar> it did this today few times
stay stay stay and then lift off08:27
<+KN-SR>  Exited 1 ES Long @ 1251 --> + 5 08:28
<+tzar>  Shorts DAX @ 6367.5 «« paper »» 08:29
Covered all DAX Short @ 6364.5 --> + 3 «« paper »»
morning startrader08:30
Long DAX @ 6370 «« paper »»
<+KN-SR>  Exited 1 ES Long @ 1252 --> + 6
<+tzar> this is a long term trade for me
<+rickf> looks like a decent entry08:31
<+tzar> i want 50 pts
:D
87 to close the gap
50 should be easy
<+rickf> ahhh but you didnt specify which direction you wanted those points -- market gods have a sick sense of humor
<+tzar> haha08:32
ok let me rephrase
i want to GAIN ( long) 50 points :D
<+rickf> :)
<+KN-SR>  Exited 1 ES Long @ 1253 --> + 7
<+tzar> there we go

i cant be wrong, KN is long as well08:33

on ES but thats details
<+rickf> long es
es follows dax usually
:)
<+tzar> yep

at 5 am

dax followed es

i traded of that

+ price action

made 400$ euro trading 1 contract in 8 trades08:34
<+rickf> dax is fun like that08:35
or painful
<+tzar> yep

i like it

dax is for bipolar people

:)
<+KN-SR> so. u r trading dax now and that makes u bipolar :)08:36
<+tzar> it made me bipolar

1 second im happy another second im angry

:)08:37

ES died

aint moving
<+KN-SR> u think so?
<+tzar> now at least

there we go08:38

some upward movement

KN just tapped the UP arrow on his keyboard

and ES moved 1.25 points
<+anglo> SR is "Spain-Russia" or "Support-Resistance" or both?08:39
<+KN-SR> should see 57.25
<+tzar> i like the sound of that
<+rickf> Some Russian
<+tzar> lol
<+rickf> think he means tzar
<+tzar> im not some russian
im THE russian
...tzar
:)08:40
<+anglo> the one, the only...

THE
<+tzar> going to try to get another contract at 6808:41
and sell it right away at 73
Long DAX @ 6368 -> Add «« paper »» 08:42
well this aint going the way i had this in my mind08:43
<+anglo> the Smirnoff or the Dax?08:44
<+tzar> dax
<+anglo> put some orange juice in it then.
<+rickf> long dax 6370 paper08:45
<+tzar> rickf how many ct
<+rickf> 2
<+tzar> cool

target?08:46
<+rickf> when it looks right
<+tzar> i see08:47

ES not cooperating

and DAX is afraid to go up solo
<startrader> That 76.50 high was 50% of move from 7th highs to 8th lows.
<+tzar> :(08:49
<+rickf> exit 6355 paper
<+tzar> 55?08:50
<+rickf> 65
<+tzar> you mean 65 right

DAX is german right?
<+rickf> yup08:51
<+tzar> its cool how it correlates to ES

an ocean away
<+rickf> it's all just electrons08:53
<+tzar> yep08:54

Exited DAX Long @ 6361 --> - 9 «« paper »» 08:55

Reverse and Enter Short DAX @ 6361 «« paper »»
<+startrader> possible bounce off 56-57 on dax.
<+anglo> amazing how little pixels in cyberspace make you happy or depressed, no?
<+rickf> for a while i had dax on the chart but traded es via the dom .based on how the dax moved....some days it was quite profitable for short moves
yupper
<+tzar>  Covered all DAX Short @ 6356 --> + 17 «« paper »» 08:56
<+rickf> vn
<+tzar> that aint right
<+rickf> umm08:57
iknow MY match aint the best
:)
<+tzar> 61-56 = 508:58

so +5

2 ct
<+rickf> ahh k
<+tzar> startrader you do trade dax?09:01
<+startrader> no, just started watching it.
<+tzar> I find clicking is to slow for trading, i wish there was a platform with electrodes that will read your mind09:02

i think this would give valuble time
<@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.htm09:04
<+rickf> long dax 6367.5 paper09:08

exit dax 6377 +9.5 paper09:10

off for coffee brb09:11
<+startrader>  Shorts DAX @ 6373 «« paper »»
Covered all DAX Short @ 6379 --> - 6 «« paper »» 09:12
<+tzar> morning Flex
<Splurge> morning all09:13
<+tzar>  Shorts DAX @ 6381 «« paper »»

Shorts DAX @ 6385 -> Add «« paper »» 09:16

3 total

Covered all DAX Short @ 6379.5 --> + 7 «« paper »» 09:17
<+rickf> bak
<szubaark> hi rick09:18
<+tzar> wb
<+rickf> heya szu

mmm coffee
* +tzar never drank a cup of coffe in his life
<+anglo> crude drop should prop the spoos

at least till 57.25 (TM KN-SR)09:20
<+tzar> ES having trouble breaking 0
5009:21
1 pt move on ES = 10 on dax
this is awesome
<+startrader> market is going to be a little sticky with drop in crude.
<+rickf> nice play on words star :)09:22
<+startrader> energy and financials are heavily weighted in indexes. If we can't get the financial going and energies are pulling back, it is net negative for indexes.

:)
<+rickf> no kidding -- the perfect storm09:23
<+tzar> soon 9:3009:25

in 3 min

ill take the risk and take a long

Long DAX @ 6371.5 «« paper »» 09:26

1 ct

i think when we reach 9.30 am

we go up hard
<ItalianSharp> MORNING ALL
<+tzar> gm ItalianSharp

here we go09:27

lets go up now
<futurible> gm all
<PapaJon> gm all
<+tzar> push it up09:28
<Mauro> gm09:29
<+tzar> there we go09:30
push it up
<drt> gm all
* codehead_afk is now known as codehead09:31
<+tzar> it failed09:32

nooo
<+rickf> short es 1248.75 paper09:34
oops too early
<+tzar> short dax 6361.5

paper
<@NihabaAshi_away>  Shorts ER2 @ 656.60 -> large size 09:35
<+tzar> gm NihabaAshi_away
<+Mauro>  Shorts ER2 @ 656.5
* NihabaAshi_away is now known as NihabaAshi
<kantor> gm all
<+Mauro>  Covered 1/2 ER2 Short @ 655.6 --> + 0.9 09:36

Covered Remainder ER2 Short @ 656.5 --> 0 09:37
<@NihabaAshi>  Covered ER2 Short @ 656.90 --> - 0.3
<+rickf> exit es 1250.50
<+Mauro>  Shorts ER2 @ 658.6 09:38
<+tzar> what a fake breakdown
<+rickf> long dax 6372 paper
<@NihabaAshi>  Long ER2 @ 658.60 -> large size 09:39
<+szubaark>  Buys ES @ 1252.50 «« paper »» 09:40
<+Mauro>  Covered ER2 Short @ 659.4 --> - 0.8

Reverse and Enter Long ER2 @ 659.4
<+szubaark>  Exited all Long ES at 1254.50 --> + 2 «« paper »»
<+rickf> exit dax 6382 +10 paper
long es 1256.25 paper09:42
<+startrader>  Shorts ES @ 1256.50
<+szubaark>  Shorts ES @ 1257.50 «« paper »»
<@NihabaAshi>  Exited 2/3 ER2 Long @ 663.00 --> + 4.4 09:43
<+startrader>  Covered all ES Short @ 1257 --> - 0.5
<+Mauro>  Exited all ER2 Long @ 662.3 --> + 2.9 09:44
<+startrader> trade error
<+szubaark>  Covered all Short ES at 1256 --> + 1.5 «« paper »»
<+Mauro>  Shorts ER2 @ 662.6 -> large size 09:46
<+KN-SR>  Exited 2 ES Long @ 1257 --> + 11
<@NihabaAshi>  Exited ER2 Long @ 662.30 --> + 3.7
<+rickf> exit es 56.25 b/e +0
<+KN-SR>  Exited 1 ES Long @ 1255 --> + 9
<+Mauro>  Covered 1/2 ER2 Short @ 661.6 --> + 1
<+szubaark> Nice Niha.
<@NihabaAshi>  Shorts ER2 @ 661.00 -> small size 09:47
<+Mauro>  Covered Remainder ER2 Short @ 661 --> + 1.6
<+KN-SR> h2
<pat255> kn overnight hold?09:48
<+KN-SR> nop
<+pat255> pre mkt?
<+rickf> long es 1256.50 paper
<@NihabaAshi>  Covered ER2 Short @ 662.10 --> - 1.1
Reverse and Enter Long ER2 @ 662.10
<+Mauro>  Shorts ER2 @ 662.4 09:49

fast and furious
<@NihabaAshi>  Exited ER2 Long @ 662.30 --> + 0.2
<+Mauro>  Covered all ER2 Short @ 660.8 --> + 1.6
<@NihabaAshi>  Shorts ER2 @ 661.00 -> medium size
<+rickf> exit reverse es now short 1254 paper09:50
<+KN-SR> [07:07:12] <KN-SR> Reverse and Enter Long ES @ 1246
.............thats the entry
<pdays>  Shorts ER2 @ 662.
<silo>  Shorts ER2 @ 661 «« paper »» 09:51
<+KN-SR> add 1254.25
<@NihabaAshi>  Covered ER2 Short @ 661.60 --> - 0.6
<+pdays>  Covered all ER2 Short @ 661.5 --> + 0.5
<+Mauro>  Shorts ER2 @ 661.7
<+startrader> oil at support see if it holds.
<@NihabaAshi>  Shorts ER2 @ 661.50 -> medium size 09:52
<+KN-SR>  Exited 3/4 ES Long @ 1255.75 --> + 9.75 09:53
<+Mauro>  Covered 1/2 ER2 Short @ 660.9 --> + 0.8 09:55
Covered Remainder ER2 Short @ 660.5 --> + 1.2
<+anglo> very accurate 57.25 target KN-SR09:56
<+KN-SR> :) ............ thanks anglo
<+silo>  Shorts ER2 @ 66070 -> Add «« paper »»

damn it
<+KN-SR> took out my 10+ too09:57
<+silo> screwed up that add hehe
* subq --market profile charts for today-- http://www.charthub.com/chart/search/mpc hart
<+startrader>  Long ES @ 1252.50 09:58
<@NihabaAshi>  Covered ER2 Short @ 659.90 --> + 1.6
<+rickf> exit es 1252 +2 paper10:00

finally
<+szubaark>  Buys ES @ 1254 «« paper »»
<+rickf> 52.25
<+Mauro> what is the new ?
<+KN-SR>  Exited ES Long @ 1252 --> + 6 10:02

Reverse and Enter Short ES @ 1252
<+rickf> short es 1252.25 paper
<+szubaark>  Exited all Long ES at 1249.25 --> - 4.75 «« paper »»

:((

Shorts ES @ 1249.25 «« paper »»
<+silo>  Covered all ER2 Short @ 657.30 --> + 65416.4 «« paper »»
<+KN-SR>  Covered 3/4 ES Short @ 1249.00 --> + 3
<futurible> Pending Home Sales m/m, Mauro
<+rickf> exit 1/2 es 49.25 + 3 paper
<+Mauro> sorry szu
<+silo> that's 6.5pts

typed the add wrong
<+KN-SR> s.l 53.75
<+Mauro> thanks futurible
<+rickf> h410:03
<+startrader>  Long ES @ 1249 -> Add
<+rickf> exit es remainder 51.25 +1 paper10:04
<+Mauro>  Shorts ER2 @ 659.3
<+rickf> short dax 6366.5 paper10:05
<+startrader>  Exited all ES Long @ 1252 --> + 2.5
<+Mauro>  Covered all ER2 Short @ 657.9 --> + 1.4 10:06
<@NihabaAshi>  Long ER2 @ 659.30 -> small size 10:08
<+rickf> exit dax 6369.5 -3 paper
<@NihabaAshi> At first I thought I was slow but I then realize the market is just moving a lot faster than I had expected.10:09
<+szubaark> yeah, real fast today, dont blink
<+KN-SR>  Long ES @ 1253

Long ES @ 1253.75
<@NihabaAshi>  Exited all ER2 Long @ 660.70 --> + 1.4 10:10
<+KN-SR> s.l. 1

Exited 3/4 ES Long @ 1254.75 --> + 1
<+rickf> short dax 6371.5 paper10:11
out at 74.5 paper10:12
taking a break -- too many sloppy entris and misreads this morning
<+KN-SR>  Exited 2 ES Long @ 1255.75 --> + 2
<+Mauro>  Shorts ER2 @ 661.5
<+KN-SR> h5
<+anglo> nice zigzagging KN10:13
<+Mauro>  Covered all ER2 Short @ 660.5 --> + 1
<+anglo> amazing really
<+szubaark> hopefully this thing calms down10:14
<+rickf> grrrr now it goes my way
<+Mauro> hope this thing never calm
<+szubaark> i was trying to get Long before i can click Price is 3 Points away LOL10:15
<+KN-SR>  Shorts ES @ 1251.50

s.l 53.25

Covered 3/4 ES Short @ 1250 --> + 1.5

thanks anglo10:16

hit and out10:17

Shorts ES @ 1252.00 10:20

s.l 54.25

Covered 3/4 ES Short @ 1250 --> + 2 10:21

it will take forever..........bbl

Covered 2 ES Short @ 1249 --> + 3 10:27

h5

bbl
<+rickf> is it me or does the tape today feel somewhat strange...out-of-sync or something?10:31
<@NihabaAshi> Will stop trading soon...just got a phone message that something I ordered for my soon vacation has arrived and I need it before another appointment elsewhere today that's part of an installation.10:34
<+KN-SR>  Covered 1 ES Short @ 1248 --> + 4 10:37
<+szubaark> nice KN
<@NihabaAshi> Things slowing down more now.
<+silo>  Shorts ER2 @ 656.60 «« paper »»
<+KN-SR> thanks
Covered 1 ES Short @ 1245 --> + 7 10:38
<+startrader>  Long ES @ 1246
<+KN-SR> h3
<@NihabaAshi> weak support area ER2
<+silo>  Covered all ER2 Short @ 655.40 --> + 1.2 «« paper »» 10:39
dangerous area here .... this is a POC area10:40
out just to be safe
<+szubaark> tape action still looks goofy10:41
<@NihabaAshi> Oil and Gold being helpful today with intermarket clues
<+szubaark>  Covered all Short ES at 1244.50 --> + 4.75 «« paper »»
<+rickf> short es 1246 paper10:44
exit es 1244 paper +210:46
<+KN-SR>  Covered 1 ES Short @ 1244 --> + 8
<+startrader>  Long ES @ 1244.50 -> Add
<+KN-SR> h2
<+szubaark>  Buys ES @ 1245.50 «« paper »» 10:47
Exited all Long ES at 1247.25 --> + 1.75 «« paper »» 10:50
<+startrader>  Exited all ES Long @ 1247.25 --> + 4
<@NihabaAshi>  Long ER2 @ 655.00 -> small size 10:51
<+pat255> vn star
<+startrader> ty
<@NihabaAshi> Lost track of time...need to be out of here no later than 11am est.10:52

Exited ER2 Long @ 655.50 --> + 0.5 10:53
<+szubaark>  Shorts ES @ 1247.50 «« paper »»
<@NihabaAshi> Be back later
* NihabaAshi is now known as NihabaAshi_away
<+szubaark>  Covered all Short ES at 1248.75 --> - 1.25 «« paper »» 10:57

Shorts ES @ 1249.75 «« paper »»
<+startrader>  Shorts ES @ 1250.25 11:00
Covered 1/3 ES Short @ 1248.50 --> + 1.75 11:03
<+szubaark> nice star, getting Short Way Up There
<+startrader>  Covered 1/3 ES Short @ 1248.50 --> + 1.75
ty, tested my patience.
<+szubaark>  Covered all Short ES at 1248.25 --> + 1.5 «« paper »» 11:06

keeps bouncing from here
* szubaark is now known as szubaark_away
<+startrader>  Covered Remainder ES Short @ 1247 --> + 3.25 11:08
<codehead> oil getting pounded today11:10
<+startrader> oil keeps dropping
<@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
<+codehead> 135.225 QM just hit
<+startrader> They can't lock the corn down today, might limit this oil from moving much lower today.11:17
<+pat255> why star?

corn going higher?

fail to c the reationship?11:18
<+startrader> energy play, trading oil ethanol spreads through corn.
<+pat255> k...ty11:19
<+startrader> Once they lock corn down, longs will cover shorting oil. They feed on each other till it's unwound..
<+jsbach> i have next ES resistance 64..11:20
<+startrader> A hedge fund just bought conagra's grain business, 144 elevators. People have no idea the way spot prices and control of the physical is dictating futures prices.11:22
<+KN-SR> humm, heading to 63.25

will have a bullish day after all
<+startrader> Just like when enron would create wash sales of electricity at delivery points to set electricity rates.
They can regulate the exchanges all they want but price discovery occurs outside of the furtures market when you have those kind of participants.11:23
Controlling the physical, storage, transportation and delivery.11:25
Long ES @ 1254.25 11:34
<+anglo> did you turn KN?

your 57.25 has stopped prices all day....11:35
<+KN-SR> :)11:40
hey, i m not doing anyting :)
<+anglo> ok bro11:41
<+startrader>  Long ES @ 1253.25 -> Add 11:43
<+jsbach> anyone use metastock?11:49
<+silo>  Long ER2 @ 663.20 «« paper »» 12:08
<+KN-SR>  Shorts ES @ 1258.25 12:27

s.l 1
<+silo>  Exited all ER2 Long @ 665.40 --> + 2.2 «« paper »» 12:32
<+anglo> [11:22] <+KN-SR> humm, heading to 63.2512:33

[11:22] <+KN-SR> will have a bullish day after all
<+szubaark_away>  Shorts ES @ 1259.50 «« paper »» 12:37
* szubaark_away is now known as szubaark12:40
<+szubaark>  Covered all Short ES at 1259.50 --> 0 «« paper »» 12:41
<+startrader>  Exited all ES Long @ 1258.25 --> + 9 12:44
<+szubaark>  Buys ES @ 1256.50 «« paper »» 12:50
exit stop moved to breakeven ES @ 1256.50 «« paper »» 12:57
Exited all Long ES at 1256.50 --> 0 «« paper »» 13:01
Buys ES @ 1258 «« paper »» 13:02
exit stop moved to breakeven ES @ 1258 «« paper »» 13:05
Exited all Long ES at 1259.25 --> + 1.25 «« paper »» 13:07
<@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.htm13:13
<werner> hi all13:22
<+szubaark> hi werner
<+werner> hi szu
* NihabaAshi_away is now known as NihabaAshi13:31
<+codehead> hm, when ER was hitting 666, mentioned to a friend that it always seemed to stall there in the past13:32
woulda been nice short
<@NihabaAshi>  Long ER2 @ 661.40 -> small size 13:34

1 only because its my first trade since being back and I'm still analyzing all the price action I missed while gone
<+startrader>  Long ES @ 1254.50 13:36
<@NihabaAshi>  Exited ER2 Long @ 660.60 --> - 0.8 13:37

weak support area ER213:39
<+szubaark>  Buys ES @ 1252 «« paper »»
<@NihabaAshi>  Shorts ER2 @ 659.80 -> small size

intuition13:40

price action still in the weak support area

Thus, can easily bounce against me.
<+szubaark> ES fighting unchanged for the Day13:41
<@NihabaAshi>  Covered ER2 Short @ 660.60 --> - 0.8 13:42
<+szubaark>  Exited all Long ES at 1250.75 --> - 1.25 «« paper »» 13:43
<@NihabaAshi>  Long ER2 @ 660.90 -> medium size
<+szubaark>  Buys ES @ 1252.50 «« paper »»
got shaken out13:44
<@NihabaAshi> same here...got shaken out of that first Long position this afternoon

intuition Short that followed was ok but I held it too long

Long re-entry was picture perfect13:45
<+szubaark> Tape is real jumpy today.. when im ready to enter, Price is 2-3 points away before i click LOL
<@NihabaAshi>  Exited 3/4 ER2 Long @ 662.00 --> + 1.1 13:46
<+szubaark>  Exited all Long ES at 1254 --> + 1.5 «« paper »» 13:47
will wait for Price to settle down again, its too fast for me13:48
<@NihabaAshi>  Exited Remainder ER2 Long @ 662.20 --> + 1.3
<+rickf> short es 1253.25 paper
<@NihabaAshi>  Shorts ER2 @ 661.80 -> small size 13:51

2 only

missed WRB pt1 exit @ 660.7013:53

Covered ER2 Short @ 661.70 --> + 0.1 13:54
<+szubaark>  Buys ES @ 1253 «« paper »» 13:55
  
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, swing trading, market seasonal tendencies, position size management, intermarket analysis with a money back guaranteed policy...click here.
   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) 
  
<@NihabaAshi>  Shorts ER2 @ 662.10 -> small size 13:56

intuition

2 only
<+szubaark>  exit stop set ES @ 1251 «« paper »» 13:57
Exited all Long ES at 1251 --> - 2 «« paper »» 13:58
<+rickf> exit 1/2 es 1251 +2.25 paper13:59

h4
<+szubaark>  Buys ES @ 1250.75 «« paper »»
<+rickf> exit moved to 1253 (b/e +1 tick)14:00

er stop
<@NihabaAshi>  Covered all ER2 Short @ 661.80 --> + 0.3 14:03
trades becoming more of a struggle...
Will reduce position size down to 1 contract
<+szubaark> Contracting Volatility, expecting spike soon
* +rickf stopped remainder es 1253 +.25 paper14:04
<+szubaark> Volatility spike
<+silo> szu is starting to sound like a parrot :)14:05
<+rickf> lol
<+silo> niha's parrot lol
:P
<+szubaark>  exit stop moved to breakeven ES @ 1250.75 «« paper »»
<+rickf> short es 1253 paper14:07
<+szubaark>  Exited all Long ES at 1254 --> + 3.25 «« paper »»
<+silo> http://images1.comstock.com/Imagewarehou se/PR/SITECS/NLWMCompingVersions/0027000 /27000-27499/PR27227.jpg14:08
that's szu :)
<+rickf> exit es 1255 -2 paper14:10

short es 1253.50 paper sm sz14:25
<+startrader> That wasn't nice but I can't stop laughing, parot.14:26
This room needs a little levity.
Perfect timing for upside breakout on the hourly close with oil going down and closing.14:28
<+rickf> exit es 1255.50 -2 paper14:30
<+startrader> 10 handles up would be great right about now.
<+szubaark> its trying14:31
<+startrader> next really good short around 66-67, gotta run out for a bit wish I could watch this.14:32
<@NihabaAshi> weak resistance area ER214:34
<+rickf> long es 1256.50 paper14:35
exit 1/2 es 1259.50 +3 paper14:36
<+silo>  Long ER2 @ 688.20 «« paper »»
<+rickf> h4
exit es remainder 50 +3.25 paper
<+silo> damn i just realized i typed the price wrong hehe14:37
<+szubaark> nice rick
<+rickf> ty

bigger pop than i expected14:38
<+szubaark> taking nosedive here at Highs..m
<+rickf> long es 1258.50 paper14:39

exit es 58.25 paper -.25

miscue :(14:40
<+szubaark> 20minutes to 3pm :)
<+rickf> long es 1258,.25 paper
<+werner> wow bulls ....
<+szubaark> they gave Oil a beating today14:41
<+rickf> exit es 1260.25 paper +2
<+werner> nice rickf14:42
<+rickf> tx werner
long es 1262.25 paper14:46
<+silo>  Exited all ER2 Long @ 670.20 --> - 18 «« paper »»

that's +2 profit14:47

typed the price wrong
<+rickf> exit 1/2 es 1264.25 +2 paper
h4
exit remainder es 1264,25 +2 paper14:48
base hits
short es 1263.25 paper14:51
<@NihabaAshi>  Long ER2 @ 671.40 -> small size 14:53

1 only14:54

intuition
<+szubaark>  Shorts ES @ 1264.25 «« paper »» 14:55
exit stop set ES @ 1266 «« paper »»
<@NihabaAshi>  Exited ER2 Long @ 671.60 --> + 0.2

:(

I'm done for the day.14:56

Take care all and see all tomorrow.
<+rickf> cya
<peterpanboy> cya
* NihabaAshi is now known as NihabaAshi_away14:57
<+szubaark>  exit stop moved to breakeven ES @ 1264.25 «« paper »»
<+peterpanboy> see everybody tomorrow
<+szubaark>  Covered all Short ES at 1264.25 --> 0 «« paper »» 14:58
<+silo> 676.8 is a huge resistance14:59
<+szubaark> slow,controlled, upmove, tick for tick
<+rickf> exit es 1266 -2.75 paper15:00
<+silo> you're short szu?
<+szubaark> Flat now.. not gonna fight their Super Computers15:01
<+rickf> sheesh the er2 chart this afternoon is gorgeous....gentle bouncing up and up and up...15:04
<+szubaark> wonder if they gonna run this til close15:11
<@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.htm15:19
* rep1acs is now known as rep1acs215:31
<+KN-SR> :)15:41

so we have a bullish day today15:42

well, then, the big crash tomorrow :)...i need to cash in my interest rate trade
<+anglo> may crash tonigt too15:43
<+KN-SR> dont think so, it will be completley surprising :)15:44

mostlikely 10:00 --- 1:30

we will see

and there is absolutely no reason why es should cross 130015:45

Shorts ES @ 1271.25 15:47

sm

s.l. 75.25

see u al all tomorrow

take care and good trading15:48
<+szubaark> bye KN
<palmer> KN u holding that overnight
<+KN-SR> yes
its just 2 contracts
wont hurt me if it hits my stoploss15:49
i just dont see any reason why it shouldnt get bounced in the next res
anyway , we will see
take care all
<+rickf> see you all tomorrow --- done for the day15:59
<+werner> lol er2 +4%16:14
gn all16:15
<startrader>  Covered all ES Short @ 1266 --> + 287.75 16:35
<@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.htm17:22
  
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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 EMD, ER2, ES and NQ   

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

Forex Currencies EurUsd, EurYen and UsdCdn

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

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

COMEX Metals Gold GC and ZG

Hang Seng Index Futures HSI

Last of all, if you have any questions about any of the above commentary, specific trades et cetera...

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

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