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#FuturesTrades July 9th Wednesday 2008 Trade Log

 

Russell 2000 Emini ER2 Futures

Today Month Year
+15.80 +138.20 +2024.80
$1,580 $13,820 $202,480

Eurex DAX

1130am - 1132am 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: Wed Jul 09 01:58:46 2008Session Ident: #futurestrades
* Now talking in #futurestrades01:58
<@X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTra desChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrad es.htm
<nqlove> is any1 home02:39
<@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.htm03:49
* codehead is now known as codehead_afk04:00
<@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.htm05:52
<KN-SR>  Shorts ES @ 6423 06:41
<+KN-SR> add 2306:45
s.l 3206:46
bbl
Covered 1/2 ES Short @ 6413 --> + 10 06:50
add 15
641506:52
<+tzar> KN-SR07:01

gm07:06

morning rickf07:09
<rickf> mg
<+rickf> gm
<+tzar> ready for some dax trading07:11
?
<+rickf> when i wake up and get thru my coffee and morning inbox07:12
<+tzar> :)
looks like dax is waiting for you
its slower then es
<+rickf> meh07:13
<+tzar> seriously
look at it
wont move if you poke it with a stick
<+rickf> decent volume it looks like, but ranging07:14
<+tzar> im short 641807:15
somoene broke dax07:16
and i have a good idea who
06:54] <+KN-SR> add 1507:17
[06:55] <+KN-SR> 6415
KN-SR touched it last
there we go07:18
now we getting jumpy
<+rickf> if you're gonna trade via dom, don't drink caffine, tzar -- makes the contract move all over the place when you keep tapping the buttons unconsiously07:19

:)
<+tzar> hahaha
<+rickf> that happened to me a few weeks ago actually

i double-tapped the dom and was short 16 es instead of 807:20

was like 'why did i hear a SECOND chime for a market fill?

thankfully it worked in my favour and it was a lucky mistake
<+tzar> paper?
<+rickf> yep
<+tzar> another relief :)
<+rickf> i've been short 16 for real due to broker error -- happened back in jan07:21
<+tzar> was it in your fav?
<+rickf> nope - down 4K but the broker credited me the difference because it was a problem with their clearing house07:22
<+tzar> out 15.5 +2.5
<+rickf> was one of the last times i traded futs there
<+tzar> no kidding07:23
im going to scalp here
in order to earn myself a 10 pt stop
<+rickf> gl07:24
<+tzar> short 18.5
learning from kn :)07:25
<anglo> gm all07:28
<jsbach> there is only so much u can learn from him tzar :)
<+jsbach> gm07:29
<Trader> .
<+jsbach> tzar, you should use his forum page
<+tzar> my stop was just hit
all i did is go to washroom
whos fault is that07:30
<+jsbach> tzar what's up
<+tzar> nm
trading dax
got stopped out on second treade
cuase i wasnt here07:31
<+jsbach> you should post any questions you have to KN's forum page
<+anglo> imagine putting a limit at your stop and a stop at your limit and going to washroom
<+rickf> anglo -- zmfg! :(
<+tzar> grate hits my stop and right back down
<+jsbach> it's important to use that forum page (instead of this channel) for educational questions
<+tzar> jsbach thanks for the suggestion
gm anglo07:32
<+anglo> gm tzar
<+jsbach> any time tzar
<+tzar> im still short bias on this thing07:33
<+jsbach> one question I have that I was considering posting on the forum has to do with his 1.25 stops...fairly narrow stop, would require some accuracy. i wonder what types of congruences he uses to come up with those levels.
<+tzar> short 642307:34
<+anglo> rickf???
<+tzar> where is the volotility in dax07:35

yesterday was nice

today slow as es
<+jsbach> i think next resistance es 77..short from around that area is ideal..esp. from 79. if we get into the 80s then I am bullish until 1291
<+tzar> out 21.5 +1.507:38

long 22.507:39

out 24.5 +207:40

volotility picking up07:41

short 2107:45
<Widgetman> what ya playin tzar ?07:49
<+tzar> dax
<@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.htm07:58
<+KN-SR>  Shorts ES @ 1277.25 08:03

s.l 1.25
<+tzar> hi KN-SR
<+KN-SR> hi tzar

bbl08:04

Covered 1/2 ES Short @ 1275.75 --> + 1.5 08:09
<+Trader> KN yesterday you wrote that we will have a crash or a big decline between 10:30 and 1:30. What was that based on?08:25
<palmer> can someone help me with the password for the room08:31
<+palmer> trying to install mirc on another computer08:32
but i can't remmeber the password for this room
<@NihabaAshi> I'll give you the link to the password...
<+palmer> ok
thnks
<@NihabaAshi> http://thestrategylab.com/forum/index.ph p?board=39.0
<+tzar> gm niha08:33
<jsbach> good morning Niha. I thought you were on vacation.
<@NihabaAshi> I start my full vacation on Friday afternoon
Yet, the stay at home vacation started about a week ago...reason why I've had some day's off from trading or long periods away from the markets during the trading day.08:34
<+jsbach> brb08:36
<@NihabaAshi> I then return back to part-time trading sort'uv speak on Wednesday until Friday 18th where I will be gone for a week.
<ripsboy> gm folks...08:37
<+rickf> ok tzar yeah, dax is lazy this morning08:40
<+tzar> told you
<+rickf> yes but now i have coffee in my veins and can see that :)
<+tzar> i did manage to make a low of -600 euro

im at -125 now

climbing back

short 645008:41

paper08:42

out 6448 +208:43

long 6449

it will pop now

i hope
<+anglo> very tight stops tzar. I wonder how you do that.08:45
<+tzar> not a stop08:46

exit and take long

cuase es moved up
<+anglo> I meant in general, not this last trade
<+tzar> wooo08:47

im break even on the dot

my pop came

:)

just down 90$ on fees
<+anglo> that's not much in dax08:48
<+tzar> but came back from all the way of -600 using 1-2 ct

seems like dax taking the leading role08:50

ES acting as an anchor

rickf whats your bias of dax right now08:51

short or long
<+rickf> cautious long
<+tzar> short 645008:52

out +1 tick

crap

all the buying on es scared me08:53
<+anglo> AP: 22 minutes ago08:55
TEHRAN, Iran - Iran test-fired nine long- and medium-range missiles Wednesday during war games that officials said aimed to show the country can retaliate against any U.S. and Israeli attack, state television reported.
<+tzar> read that already

will push oil up you think/
<+anglo> dunno. oil is dropping because corn dropped hard08:56
maybe a big down in oil is just ahead to $120-$100 methinks08:57
<+tzar> mehopes :)
<+anglo> that could be bullish stocks
<+tzar> i hate oil
<jsbach> anglo, the news you just posted should cause an increase in oil price08:58
<+anglo> dunno jsbach...war with iran has been in news/oil price forever
<+tzar> toyota prius... will have solar panels on roof08:59
<+anglo> yeah...and a tube direct to the driver...to run on farts...
<+tzar> short 644209:01
<nqlove> today dax's action seems depressed
<+tzar> no kidding
<+anglo> nq my key man...how r you doin?09:02
<+tzar> esit 6440 +209:05
short 6438
that one is a mistake
<+Trader> KN r u here?09:07
<+jsbach> Trader
You should use the forum so that we can all learn from the answer to your question.09:08
<+tzar> rickf can you do me a fav?
<+jsbach> Also, it will keep trading disruptions to a minimum. that is the purpose of the forum.
<+rickf> ?
<+tzar> run to kn's house, tap the down arrow button few times..?
<+rickf> :009:09

:)
<+Trader> short es 1276 psper
<+tzar> would really appreciate

look at how 6440 is holding on dax09:10

amazing09:11
<+rickf> not really -- support earlier around 643509:12
<+jsbach> Anyone know of a broker that provides free platform? I need to start a 2nd trading account but I'm already paying for too much software...Any suggestions?
<+rickf> open ecry is free09:13
free data too
<+tzar> infinity at is free
<+jsbach> thanks rick
<+nqlove> isnt it 25$ per month
<+tzar> free data too
<+rickf> the simulator is 25/mo
<+jsbach> infinityAT is not free by my recollection...I believe it's free to simulate...
<+nqlove> so the data is free?
<+tzar> jsbach i use it , its free09:14
<+jsbach> okay, thanks tzar
<+rickf> far as i know, i am not paying extra for it
<+tzar> i highly recommend it
<+jsbach> I have simulated with infinityAT. I like the platform.
I will compare with open ecry and go from there.09:15
<+rickf> tho openecry is being bought by optionsxpress
<+tzar> 24 trades later im up 120 $ usd .. from a low of -600 euros
im done for the day
<+rickf> i left oxps because their futures execution for intraday was horrible

*fingers crossed*
<Splurge> gm all
<+jsbach> tzar: nice job....09:16
<+tzar> thanks
thats after fees too!
<+nqlove> my execution on metatrader is horrible and way too slow
<+tzar> that 38 short screwed me09:17
<+nqlove> i am thinking of getting funds out to a ninja based platform
<+tzar> but i avg and made taht trade profitable
<+nqlove> long DAX 42
<+tzar> nqlove paper or real?
<+nqlove> real09:18
<+Splurge> guys could do with some advice here...Anyone have any experience with Alienware pcs? They are an offshoot of Dell apparently
<+tzar> cool :)
<+nqlove> during euro session its ok
but in us session it laggs way too much
i trade DAX in euro session
<+tzar> me too09:20

but waking up at 2 am

tough

staying awake is even tougher
<+nqlove> yeah i was here today
but didnt see u09:21
<+tzar> i wasnt
<+nqlove> in your pyjamas?
<+tzar> i came at 7 am

:)

at 2 am i was on my 8th dream
<+nqlove> i like to scalp DAX for 10 pts a go
but on metatrader my size is limited09:22
<+tzar> KN-SR likes dax too09:23
<+rickf> sheesh hope the day picks up, i got up early for this?
<+tzar> he gets crazy trades

50+ pts

trying to follow him
<+rickf> zup szu09:24
<+nqlove> today DAX's ADR is out of place
<szubaark> hi
<+tzar> ADR?

hi szubaark
<+nqlove> i pray that the DAX spikes upwards
<kantor> gm all
<ItalianSharp> morning all
<+nqlove> yes average daily range
<+tzar> oh ok
<futurible> gm all
<+nqlove> usually it is 200
<+rickf> much heavier volume in the dax today09:25
<drt> gm everyone09:29
<+Trader> cover es 1276 o paper09:31
<werner> gm all
<PapaJon> gm all09:32
<@NihabaAshi>  Shorts ER2 @ 681.20 -> large size
Covered ER2 Short @ 682.00 --> - 0.8 09:35
Long ER2 @ 682.10 -> large size
<+szubaark>  Shorts ES @ 1278.25 «« paper »»

exit stop set ES @ 1279.25 «« paper »» 09:36
* +jsbach short ES @ 1278
<@NihabaAshi>  Exited ER2 Long @ 682.20 --> + 0.1

Shorts ER2 @ 681.60 -> large size
<silo> nq dropping hard09:37
<+szubaark>  Covered all Short ES at 1276.75 --> + 1.5 «« paper »»
* +subq --market profile chart for today-- - http://www.charthub.com/chart/search/mpc hart09:38
<+jsbach> ty subq
<@NihabaAshi> :(09:39
<+subq> no, legend for those that need it - http://forum.futurestradingdaily.com/blo g.php?b=36

noproblem i mean :)
<@NihabaAshi>  Covered 2/3 ER2 Short @ 680.30 --> + 1.3 09:40
be back later...got a family issue here
exit stop lowered ER2 @ 681.50
* NihabaAshi is now known as NihabaAshi_away09:41
<startrader>  Long NQ @ 1864
<+rickf> short dax 6439.25 paper09:42
* NihabaAshi_away is now known as NihabaAshi09:45
<+startrader>  Exited 1/2 NQ Long @ 1866 --> + 2
<@NihabaAshi>  Covered ER2 Short @ 680.50 --> + 1.1 09:46
:(
<+rickf> exit dax 6535.25 +4 paper
<+startrader>  Exited Remainder NQ Long @ 1870 --> + 6 09:47
<Mauro>  Shorts ER2 @ 681.9
<+Mauro>  Covered all ER2 Short @ 680.8 --> + 1.1 09:48
<@NihabaAshi>  Shorts ER2 @ 680.20 -> large size
<+rickf> short dax 6435 paper09:49
<@NihabaAshi>  Covered 2/3 ER2 Short @ 678.90 --> + 1.3 09:51
<+szubaark>  Shorts ES @ 1273 «« paper »» 09:52
<@NihabaAshi>  Shorts ER2 @ 678.30 -> small size 09:53
<+rickf> exit 1/2 dax 6524 + 11 paaper
h1
exit remainder dax 6528 +8 paper09:56
<+szubaark>  exit stop moved to breakeven ES @ 1273 «« paper »»
<+KN-SR>  Long ES @ 1271.5 09:57
s.l 1.25
<+szubaark>  Covered all Short ES at 1273 --> 0 «« paper »»
<@NihabaAshi>  Covered ER2 Short @ 678.20 --> + 0.1 09:58
<+KN-SR>  Exited 1/2 ES Long @ 1272.25 --> + 0.75

nop
<+rickf> short dax 6429.50 paper
<@NihabaAshi> Geeesh...couldn't even reverse into a Long position
<+KN-SR>  Exited 1/2 ES Long @ 1272.75 --> + 1.25
<+szubaark>  Shorts ES @ 1272.25 «« paper »» 10:00
<@NihabaAshi>  Long ER2 @ 678.40 -> medium size 10:01
<+rickf> exit 1/2 dax 6423.50 +6 paper10:02
<@NihabaAshi> oh oh...
<+rickf> there we go

broke 6423
<+szubaark>  exit stop moved to breakeven ES @ 1272.25 «« paper »» 10:03
<@NihabaAshi>  Exited ER2 Long @ 677.70 --> - 0.7
<+szubaark>  Covered all Short ES at 1271 --> + 1.25 «« paper »» 10:04
real jumpy again
<+rickf> exit remainder dax 6421
* +rickf figures :(
<@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
<@NihabaAshi>  Shorts ER2 @ 677.10 -> large size 10:05
missed another position reversal opportunity
<+rickf> short dax 6419 paper10:06
<+startrader>  Long ES @ 1269.50
<+rickf> exit 1/2 dax 6415 +5 paper
<+startrader>  Exited 1/2 ES Long @ 1271 --> + 1.5 10:07
<@NihabaAshi>  Covered ER2 Short @ 678.10 --> - 1
<+silo>  Long ER2 @ 678.40 «« paper »» 10:08
<+rickf> exited remainder dax 6422 -3 paper
<@NihabaAshi>  Long ER2 @ 678.40 -> large size 10:09
<+rickf> short es 1271.75 paper10:10
<+startrader>  Exited Remainder ES Long @ 1272.50 --> + 3
<@NihabaAshi>  Exited ER2 Long @ 678.60 --> + 0.2 10:12
<+szubaark>  Shorts ES @ 1272.25 «« paper »» 10:15
<+silo>  Long ER2 @ 679.20 -> Add «« paper »» 10:16
<+Trader> KN why do you think we will drop between 10:30 and 1:30?
<+startrader>  Shorts ES @ 1274 10:18
<+tzar> oil report coming out in 9 min people
<+Mauro> thanks tzar
<+tzar> welcome10:19
<+startrader>  Shorts ES @ 1275.25 -> Add 10:20

Covered all ES Short @ 1276 --> - 2.75 10:23
<@NihabaAshi> weak resistance area ER2
<+silo>  Exited all ER2 Long @ 681.50 --> + 5.4 «« paper »»
<+tzar> 2 min til oil report10:25
<jsbach> ty tzar10:26
<@NihabaAshi>  Long ER2 @ 682.10 -> small size 10:27
<Flex> morning all10:29
<+jsbach> morning
<@NihabaAshi>  Exited ER2 Long @ 681.80 --> - 0.3 10:31
<+Trader> Kn is oil the reason for your prediction of a drop in the market10:33
KN Wake Up10:34
<+jsbach> trader: why don't you do as I suggested and use the forum?
<+Trader> I did not see you suggestion . SORRY
<+jsbach> sorry for the ugly colors? no problem :P10:35
<@NihabaAshi> Best to use the pm here or use the forum
<+Trader> OK
<+rickf> short es 1275,.50 paper
<@NihabaAshi>  Shorts ER2 @ 679.80 -> large size 10:36

no fill 680.20 :(
<+jsbach> market acting squirrely10:37
<TX> oil inventories out
<+jsbach> and?10:38
<+TX> oil spiked up $2

missed figures
<lip> crude inventories down 5.9 mil brls
<+TX> get them in 1m
<@NihabaAshi> Pin Ball Machine10:39
<+TX> thx lip
<+jsbach> ty lip
<+lip> yw
<+rickf> exit 1/2 es 74.25 +1.25 paper10:40
<@NihabaAshi>  Covered ER2 Short @ 680.20 --> - 0.4
<+rickf> exit remaidner 75 +.25paper
<@NihabaAshi> couldn't hold it with that missing 4 tick wiggle room :(

Shorts ER2 @ 679.50 -> large size 10:41

Covered ER2 Short @ 680.00 --> - 0.5 10:42

will sit and watch this develop as a "range"10:43

Shorts ER2 @ 679.00 -> large size 10:45

Covered ER2 Short @ 678.90 --> + 0.1 10:46

4 trades today I think I had that retraced and picked off a +0.1 trailing stop.10:47

Will expand my trail to +0.310:48
<pdays2>  Shorts ES @ 1274 10:49
<+pdays2>  Covered all ES Short @ 1273 --> + 1 10:50
<@NihabaAshi> volatility contracting10:51
Long ER2 @ 679.60 -> medium size 10:52
<+silo> hey max10:53

:)

sup dj
<Baxwill1> Thks Silo
<+jsbach> DJ :)10:54
<DJ> hello
<@NihabaAshi> 2.2 contraction range

Pin Ball Machine price action10:55

Exited ER2 Long @ 681.00 --> + 1.4 10:57

lucky trade due to the help from the Pin Ball Machine price action10:58
<pat255> :)
<DJ> :-d
<+Baxwill1> Not Lucky, GOOD!
<+DJ> so, we are in10:59
<+Baxwill1> Yea, how bout that :)
<@NihabaAshi>  Shorts ER2 @ 681.60 -> small size 11:04

tough trade...not looking for much11:05

Covered ER2 Short @ 681.10 --> + 0.5 11:07

Long ER2 @ 681.10 -> small size 11:12

dropped my position size a little more

Exited all ER2 Long @ 681.80 --> + 0.7 11:13
<+Mauro>  Shorts ER2 @ 681.8
<@NihabaAshi> ER2 range of difficulty is 682.20 - 680.7011:15
<+Mauro>  Covered 1/2 ER2 Short @ 680.8 --> + 1
<+szubaark> Volatility spike
<+jsbach> hmm
<+silo> hey szu
<@NihabaAshi>  Long ER2 @ 681.00 -> small size
<+Mauro>  Covered Remainder ER2 Short @ 680.5 --> + 1.3 11:16
<Nesi> nice Mauro
<+silo> i see niha is trying to get a discount here

:)

hehe
<+Mauro> gracias Nesi
<+jsbach> haha
<@NihabaAshi> 1 contract only for the remainder of the day unless volatility returns to normal
Pin Ball Machine price action again :(11:19
Exited ER2 Long @ 681.10 --> + 0.1 11:20
Houdini Escape
Long ER2 @ 680.70 -> small size 11:24
3 tick trail active11:25
<+silo>  Long ER2 @ 682.10 -> medium size «« paper »»
<@NihabaAshi>  Exited ER2 Long @ 682.00 --> + 1.3 11:26
<+szubaark>  Covered all Short ES at 1277 --> - 4.75 «« paper »»

Buys ES @ 1277 «« paper »»
<+Mauro>  Shorts ER2 @ 682.2
<+silo>  Long ER2 @ 682.50 -> Add «« paper »»

higher lows in all indexes11:27

since 10am
<@NihabaAshi> Looks like Oil and Gold want to retrace their gains for the day
<+szubaark> hopefully we break out of this tight range11:28
<+Mauro>  Covered all ER2 Short @ 683.4 --> - 1.2 11:29
<@NihabaAshi> ER2 trying to breakout above yesterday's highs
* +jsbach add 1 @ 127811:30
(short ES)
<+Mauro>  Shorts ER2 @ 683.1 11:31
<+szubaark>  Exited all Long ES at 1277 --> 0 «« paper »»
<+silo> yeah
<+szubaark>  Shorts ES @ 1277 «« paper »»
<+silo> i might as well just use my pivot entry as stop, and let it ride a little longer see if it breaks out of today's high

better risk and reward this way
<+jsbach> we broke out of the downward acceleration 30mins ago11:32
* +DJ is now away - Reason : bbl11:36
<+Mauro>  Covered 1/2 ER2 Short @ 682.5 --> + 0.6
Covered Remainder ER2 Short @ 682.1 --> + 1 11:37
<+silo>  Exited 1/2 ER2 Long @ 682 --> - 0.5 «« paper »»

Exited 1/2 ER2 Long @ 681.70 --> - 0.4 «« paper »»

was upstairs getting food

missed a possible exit near 684 hehe
* codehead_afk is now known as codehead11:39
<+szubaark>  Covered all Short ES at 1274.50 --> + 2.5 «« paper »» 11:41
* szubaark is now known as szubaark_Away
<+rickf> back11:44
<+jsbach> wb11:48
<@NihabaAshi>  Shorts ER2 @ 680.70 -> small size 11:55

oh oh11:57

Covered ER2 Short @ 680.50 --> + 0.2

Houdini Escape11:58

3rd one of the day in which I escaped with a profit out of a bad trade decision.

On that note...will go to lunch to take a break
* NihabaAshi is now known as NihabaAshi_away
<+silo> sideway market today eh?12:07
<@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.htm12:08
<+rickf> short er2 680.5 paper12:11
<+silo>  Long ER2 @ 682.30 «« paper »»
<+rickf> exit 1/2 er2 679.5 +1 paper12:12
<+silo> that's supposed to be 680.30
Exited all ER2 Long @ tgawetetewta --> + tgawetetewta - 682.30 «« paper »»
Long ER2 @ 680.30 «« paper »»
there we go12:13
<+rickf> exit er2 remainder 680 +.5 paper

short es 1273 paper12:14
<+silo>  Exited all ER2 Long @ 679.50 --> - 0.8 «« paper »»
Long ER2 @ 680.20 «« paper »» 12:18
second stupid trade12:24
trying to trade this chop here
hehe
riskier trade
last one.. if it doesn't work out
Exited all ER2 Long @ 679.40 --> - 0.8 «« paper »» 12:26
* +DJ is no longer away : Gone for 1 hour 19 seconds12:36
<+rickf> exit es 1270.50 +2.5 paper12:37
er 3.5 paper
<+jsbach> ES... :)12:39

broke important support
<+rickf> short es 1269 paper
sheesh12:48
exit 1268,50 paper +.5012:49
...and now it will head down12:50
short es 1269.25 paper12:53
<+silo>  Long ER2 @ 677.40 «« paper »» 12:54
<+rickf> exit es 1269.25 b/e12:59
<+silo>  Exited ER2 Long @ 676 --> - 1.4 «« paper »» 13:01

Reverse and Enter Short ER2 @ 676 «« paper »»
* szubaark_Away is now known as szubaark
<+szubaark> hehe..nice i missed all the CHOP13:02
<+rickf> short es 1266.75 paper13:09
<+silo>  Shorts ER2 @ 674.40 -> Add «« paper »»
<Andy>  Long ES @ 1265.75 «« paper »» 13:12
<+silo>  Covered all ER2 Short @ 675.50 --> - 0.6 «« paper »»
<+Andy>  Exited 3/4 ES Long @ 1267 --> + 1.25 «« paper »» 13:13
<+codehead> YM got within a tick of a .618 retracement point, missed it while working13:14

yesterday's mid-day low to the high of today

long 1c YM 11293 <paper>, stop 1127913:17

just for tracking purposed--was only interested in first test for real
<+Andy>  Long ES @ 1266 -> Add «« paper »»
<+codehead> if it gets to 11262 i might buy there
<+Andy>  Exited 2/3 ES Long @ 1266.75 --> + 0.75 «« paper »»
<+codehead> 11258-1126213:18
<+Andy>  Exited 1/4 ES Long @ 1267.25 --> + 1.5 «« paper »» 13:19
<+codehead> exit YM 11310 <paper> +17
<+Andy>  Exited Remainder ES Long @ 1268 --> + 2.25 «« paper »» 13:21
<+jsbach> faders :)13:24

I moved stop profit to 1270, expecting price to use old support as new resistance

does oil look like it's topping?

n/m I will pull it up13:25
<+szubaark>  Shorts ES @ 1266.50 «« paper »» 13:27
<+rickf> exit es 68.75 -2 paper13:32
<+szubaark> i misssed my Long@65 :((13:33
now in a sloppy Short
<+codehead> .618 retracement gave a nice bounce

szu: was also a 3 min vegas setup on YM, and ES and ER had 5-min ghosts setup13:34
<+Andy>  Shorts ES @ 1269.75 «« paper »» 13:35
<+szubaark> came back missed the Long so went Short instead, lets see how much Ill pay :((

Hopefully I can make small Profit for day and quit as im getting Too Sloppy Today.13:36
<+rickf> short es 1269.25 paper sm sz
<+Andy>  Covered 3/4 ES Short @ 1268.75 --> + 1 «« paper »»

Covered Remainder ES Short @ 1269.5 --> + 0.25 «« paper »» 13:37

For those of you interested in trader psychology, I highly recommend a book that has practical sections relevant to trading: "Zen in the Martial Arts" by Joe Hyams13:40
<+rickf> szu - same here13:41
havent had many good entry signals and been mostly scalping :(
<+szubaark> this takes 110% Concentration and my mind in wandering today so best to Stop trading soon13:42
<+rickf> this is like watching paint dry13:45
<+szubaark> most days it is LOL
<+rickf> midday chop
exit es 1268 +1.25 paper13:48
<+silo>  Shorts ER2 @ 676.60 «« paper »» 13:54

Shorts ER2 @ 676.30 -> Add «« paper »» 14:01
<+szubaark>  Covered all Short ES at 1264.50 --> + 2 «« paper »» 14:02
<+codehead> nice
<+rickf> wtf14:03
<+szubaark> thx.. done trading for today... I cant focus today and my Entries are sloppy
<+startrader>  Long ES @ 1264.25
Exited 1/2 ES Long @ 1266.50 --> + 2.25 14:05
<+silo>  Covered all ER2 Short @ 677.30 --> - 1.7 «« paper »» 14:08
<+startrader>  Exited Remainder ES Long @ 1267 --> + 2.75 14:09
<@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.htm14:11
<+rickf> i'm done for the day. see y'all tomorrow14:16
<+startrader> they are leaving, must mean things are about to get good.14:17
<+codehead> oil slipping, nearing floor close
near lod14:18
<+startrader> see if iran or russia rattle any more sabres, they both tried the last couple days.

Long ES @ 1262.25 14:37
<+Andy>  Long NQ @ 1855.75 «« paper »» 14:39
Exited 3/4 NQ Long @ 1856.75 --> + 1 «« paper »» 14:40
Exited Remainder NQ Long @ 1858.5 --> + 2.75 «« paper »» 14:43
<+startrader>  Long ES @ 1261.50 -> Add 14:45
<+codehead> Ym got to within a tick of my buy mentioned ealrier (11262)14:47
I did end up paying a little more and scalping for 10, not sure about longs yet14:48
11258 is a fib level form yesterdya lod to today's hod, .618 retracement14:49
didn't hit that yet
<+startrader>  Long ES @ 1261 -> Add 14:51
<+codehead> long 1c YM 11258 <paper>14:53
<+startrader>  Exited all ES Long @ 1959.25 --> + 1395.25

Exited all ES Long @ 1259 --> - 3.25 14:54

Long ES @ 1256.50 15:01
<DJ> close to a bear turn at 125215:02
<+Andy>  Long NQ @ 1842.75 «« paper »» 15:07

Long NQ @ 1842 -> Add «« paper »» 15:08

Exited all NQ Long @ 1841.75 --> - 1.25 «« paper »» 15:09
* NihabaAshi_away is now known as NihabaAshi15:10
<+Andy>  Long NQ @ 1840.25 «« paper »» 15:15

Exited 2/3 NQ Long @ 1842.5 --> + 2.25 «« paper »» 15:16
<+szubaark> nice andy
<+Andy> gracias szu15:17
<@NihabaAshi>  Shorts ER2 @ 669.00 -> small size
2 only
<+tzar> hey Andy, how you been doing
<+Andy> hello tzar...house renovations :(15:18
killing me
<+tzar> :(

think how nice it will be after it all done
<+Andy> but...got it done and now on vacation...how are you?
Exited Remainder NQ Long @ 1841 --> + 0.75 «« paper »»
<+KN-SR> nice Andy15:19
<@NihabaAshi> tighten trail15:20
Covered ER2 Short @ 668.70 --> + 0.3
<+KN-SR>  Long ES @ 255.75

s.l 1.2515:21

Exited 3/4 ES Long @ 256.75 --> + 1
<@NihabaAshi>  Shorts ER2 @ 668.50 -> small size
Covered ER2 Short @ 669.00 --> - 0.5 15:23
Reverse and Enter Long ER2 @ 669.00
tighten trail15:25
<+KN-SR>  Exited 2 ES Long @ 257.75 --> + 2 15:27
<@NihabaAshi>  Exited ER2 Long @ 669.30 --> + 0.3 15:28
<+KN-SR>  Covered ES Short @ 257 --> - 1.25

Reverse and Enter Long ES @ 257

nop

Shorts ES @ 257 15:29

Covered 3/4 ES Short @ 256 --> + 1

s.l 1.25
<+Widgetman> hehe
<+KN-SR> typed all day
<+Widgetman> up no down
<+KN-SR> my fingers are killing me
<+Widgetman> I bet
my eyes are tryin to watch ya
hehe15:30
<+KN-SR>  Covered ES Short @ 256.75 --> + 0.25 15:31

Reverse and Enter Long ES @ 256.75

Covered ES Short @ 257.25 --> - 0.5 15:32

Reverse and Enter Long ES @ 257.25

nop

Shorts ES @ 257.25 15:33
<+Widgetman> dang KN
I never seen ya trade this much so quick
hehe
<+tzar> brb
<+KN-SR> stop 58.25
you havent seen me scalping .......
<+szubaark> lol
<+KN-SR> :)15:34
<+Widgetman> I take ADHD meds

ya want some ?

hehe
  
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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) 
  
<@NihabaAshi>  Shorts ER2 @ 668.60 -> small size
<+KN-SR> wasnt trading all day15:35

and now this market is dead
<@NihabaAshi> should'uv removed that order sitting there
Covered ER2 Short @ 668.60 --> 0 15:37
Houdini Escape15:38
support just broken15:39
Shorts ER2 @ 667.30 -> small size
<+KN-SR>  Covered 3/4 ES Short @ 251.25 --> + 6 15:41
<@NihabaAshi>  Covered 1/2 ER2 Short @ 664.70 --> + 2.6
<+KN-SR>  Covered 2 ES Short @ 250.25 --> + 7 15:43

h5

Covered 1 ES Short @ 249.25 --> + 8 15:44

Covered 1 ES Short @ 248.25 --> + 9

Covered 1 ES Short @ 247.25 --> + 10 15:45

done 10+ trade :)

h3
<@NihabaAshi>  Covered Remainder ER2 Short @ 663.60 --> + 3.7
<+KN-SR> and we should see 37.75 today15:46

sometime in glbex session
<@NihabaAshi> I'm surprised I called a nice winner after missing most of the price action from 12noon - 1510pm est15:47
<+KN-SR> :)

nice trade Niha
<@NihabaAshi> :)15:48
<+szubaark> yup, nice left right Niha
<@NihabaAshi> Yeah...I was just starting to get a little bullish and then that support bottom collapsed
<+Andy>  Long NQ @ 1247.75 «« paper »» 15:54

Exited 3/4 NQ Long @ 1248.25 --> + 0.5 «« paper »» 15:56

Exited Remainder NQ Long @ 1247.25 --> - 0.5 «« paper »»
<+KN-SR>  Covered 1 ES Short @ 245.25 --> + 12 16:00
<+werner> gn all16:04
<+KN-SR> so we had the big drop started at 1116:09
<+anglo> wtg KN16:11
<+KN-SR> :)
the timing was perfect, as i told yesterday, but i couldnt cash in , was too busy with project , couldnt leave16:12
<+anglo> that must be the output of a predictive tool. if it is a neural net...it is the best ever.16:14
<@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.htm16:17
<+KN-SR> Anglo, remebr the taylors theory?
<+anglo> y16:18
<+KN-SR> we have all the tool infront of us, just need to manage time to use those
<Widgetman> dang
<+Widgetman> wtf happened ?
<+Andy> volume was reduced to the point that a big player could step in and do with price what he/she pleased16:19
<+anglo> volume was almost as big as yesterday Andy according to what I see16:22
<+KN-SR> :)
nop see the trend
and the vol against it
what is the the base / fundamental for such a big upside move?16:23
<+anglo> what do you mean?
<+KN-SR> there is absolutely no reason why price should move up like that
<+anglo> short covering
<+KN-SR> only explaination is,
yes
bingo
and they short again today from the pull back
isnt that a good idea to short from the pull back?16:24
<+anglo> that does not explain the 11 am prediction from the previous day...however.

:)16:25
<+Widgetman> I think we retrace some in AM
but overall mkts still weak
<+KN-SR> yes
<+Widgetman> lotta 401k's blowing up
I been cash for 18 months waiting on this
<+KN-SR> no fundamental...........no up move.............if there is any...........thats pull back

simple and easy

taylor days........ only difference is is not 3 days classic anymore, sometimes takes 5-7 days16:26

as Andy spots the turning points, the taylor completes a phase in the cycle of 316:27

its classic supply demand model, just need to adjust with the market16:28

to be adjusted
<+Widgetman> man I wish I understood this game bettter16:29
<+anglo> ok you mean Andy says as volume dried up on the upmove it turns?16:30
<+KN-SR> yes
<+anglo> ok. I had misunderstood Andy.
<@NihabaAshi> FYI - Anybody in here that wants to ask a #FuturesTrades member questions about his/her trading...post your questions via private message to the trader or at the discussion forum...especially if the trader doesn't respond to your questions in #FuturesTrades.
http://thestrategylab.com/forum/index.ph p?board=58.016:31
<robert> but general discussion like this after the market has closed is OK, right?16:32
<@NihabaAshi> It's ok...but if you aren't getting a response to your questions...
<+robert> makes sense..
<@NihabaAshi> You need to use the resources available
<+anglo> ty for input KN, Andy. good night.16:33
<+Andy>  gn angle
<+robert> I learn alot from these general discussions :>) - thnx -
<+Andy> anglo
<+KN-SR> thats the problem, 90% of traders here dont try to use the forum

we have the tool, but not many using
<+anglo> hard to spot the "dry volume" moment imho16:34
<+KN-SR> its not hard16:35

needs lots of time
<+anglo> ok. then I'm looking at the wrong stuff
<+KN-SR> to sit down and watch watch and watch

if u have a 15 bar high thats is bigger than 5 days average16:36

thats a good place to start thinking about dry point

s
<+tzar> so what happens tomorrow KN-SR?16:38
<+KN-SR> :)

we will be in between 20-70 for the next 3/4 days16:39

I really need 22 :)
<+tzar> still waiting for it eh16:40
:)
<+KN-SR> cannt give up without a good fight

:)
<+tzar> whats the s.l
<+anglo> ty guys. gotta scoot.
<+KN-SR> i will be ok if m wrong, but i will have to be proven wrong..............not giving up
<+tzar> bye anglo16:41
<+KN-SR> took out 1 contract with 75 points profit
thats the stop loss for the rest right now
so its arround 10 points stop loss for 7 cons
<+tzar> can you post a chart showing the dry point and the whole 5-7 days of tayler theory?16:42
<+KN-SR> will try
i am planning to
<+tzar> :)16:43
<+KN-SR> but we dont have many ppl using forum
so, most of the time i dont see a reson why someone should post all the posts when we are not using them, asking questions, or atlest letting ppl know that we visit the pages16:44
<+tzar> that true
<+KN-SR> well, every thing has some reactions :)
anyway, had a long day, take care all, see u all tomorrow, good trading..............16:45
<+tzar> ill very much appreciate if you post it
<+KN-SR> i will as soon as i get some time in hand :)16:46
<+tzar> ok

ready?
<@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.htm18:23
* jsbach covers all ES short @ 1249 ---> +29.519:06
  
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