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#FuturesTrades July 10th Thursday 2008 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+17.80	+156.00	+2042.60
$1,780	$15,600	$204,260

Emini ES

1026am - 1028am 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: Thu Jul 10 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.htm 00:38

* jsbach short ES @ 1251.50 Add 04:59

* codehead is now known as codehead_afk 05:20

<KN-SR> Shorts ES @ 6373.5 06:43

<+jsbach> gm 06:44

<+KN-SR> Shorts DAX @ 6373.50

gm

s.l 80.50 06:46

bbl

<@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 06:50

<nqlove> good morning mates 06:58

<+nqlove> i am short dax too 06:59

<+jsbach> gm 07:01

<+nqlove> morning mate

<+jsbach> :)

anyone using metastock? 07:04

<+nqlove> for ? 07:05

<+jsbach> what's the continent code for asia? 07:06

<anglo> gm 07:21

<+jsbach> gm

waiting on 61.25 07:43

<tzar> gm 07:50

<+anglo> gm Nikolai

<+tzar> :)

<+anglo> :)

<rickf> gm all 07:53

<+jsbach> gm 07:54

<+tzar> gm

hows everyone this morning 07:55

<+rickf> meh 07:56

<+jsbach> fine

<+tzar> what the matter rick, cafine didnt reach your blood yet?

<+rickf> lol not yet 07:57

<+tzar> :)

short es 1255.5 paper 07:59

<+rickf> long es 1254.75 paper

<+tzar> out 08:00

+1

:P

was kn here? 08:03

<+rickf> dunno

<+jsbach> anyone using metastock? 08:06

<+tzar> not here 08:07

http://ca.youtube.com/watch?v=Fv1W8E-TKo Q

listen to this

<+rickf> nope

<+tzar> amazing song

<+jsbach> whatcha got there tzar, some avril lavigne? 08:08

<+tzar> npe

<+jsbach> have u ever been to an avril lavigne concert? and don't lie

<+tzar> no 08:09

lol

<Trader> buy es 1255.5 paper

<+jsbach> i am expecting 61.25

<+tzar> long DAX 6413 08:10

<+rickf> exit es 56.25 +1.25 paper 08:12

<+tzar> crap

dax came 2 tick from my exit 08:13

fell to my entry

:(

ext -5 08:14

that was a mistake to exit 08:20

shouldve done what i always do , take another one and avg

mistake noted :)

<+rickf> averaging down is scary -- especially w/only 5 points 08:21

ie i dont consider averaging down on the es unless i'm down like 5 or more .....at which point i am working for b/e as my target 08:22

<+tzar> do you see how slow dax is right now

avging on 2 points might be justifible 08:23

<+rickf> true

but then you average down and it goes 6 against you

<+tzar> thats the risk you take 08:24

<+rickf> bad times ahead :)

<+tzar> i had plenty experience with avging

<+rickf> np ... i rarely do it anymore

<+tzar> some bad some good

<+rickf> same here

<+tzar> i did it a lot on stock 08:25

so farr its working of futures

might as well try it now on paper then on real$

<+rickf> stock is different - i do it there to average into a position

long-term stuff 08:26

long dax 6417 paper 08:29

<+tzar> wowo 08:30

<+rickf> whoa

<+tzar> what just ahppen

<+rickf> exit dax 6437 + a lot paper

<+tzar> lol

i was short

no fair

i avg is ok

<startrader> jobless claims

<+rickf> news?

holy jeez 08:31

i need coffee, totally did not check the calendar during pre-flight this morning

<+tzar> lol

i think kn just wenmt long there

<+startrader> done that, 10:00 am surprises are the worst

<+rickf> well that was fortune favoring the foolish, i guess 08:32

<+tzar> well

that made me green

<+rickf> *thanks the market gods*

<+tzar> from -100 to 0

that was a 20 point jump

went to 40 right?

<+rickf> around that

i got 20 on that

<+tzar> nice 08:33

400$ euro

very nic

<+rickf> lucky

<+tzar> lol

no kidding

i went short at 19

<+rickf> :(

<+tzar> then it poped 08:34

i had to wipe my eyes to understand what happen

<+Trader> close 1254 -1.5

<chomper> check this page everymorning http://www.mypivots.com/DeltaT/economic- events.aspx

<+tzar> but i took another one to avg at 32

total i made was 100$

<+rickf> chomper - i normally use http://fidweek.econoday.com/calendar/US/ EN/New_York/year/2008/month/07/day/10/da ily/index.html

<+tzar> turned - 500 into a +100

:)

<+rickf> dunno WHY i didn't do it today 08:35

speaking of which....brb, need to make some expresso

<+tzar> oh

this was Jobless Claims?

<+chomper> yes

<+tzar> jeez

almost poped a vain 08:36

<+Trader> long es 1253.5

<+chomper> hey, that caliendar is good too. thanks

<+startrader> jobless claims over the 4th of July week mean very little, crazy reaction. 08:38

<+tzar> startrader did you see what happen on dax/

<+startrader> yea, 20 handles in a minute, nice move 08:40

<+rickf> bak 08:41

i must confess being a bit shaken still -- even tho it went in my favor

<+tzar> it went agaisnt me 08:42

from +25 i see -450 in 1 sec

<+rickf> sometimes i would let it ride and come back a bit before bailing -- a few times that saved my bacon on surprise moves 08:43

tho it's real scary not to bail right there

<+tzar> umm 08:44

moves like this uses come back

<+rickf> yep

<+tzar> so if you take another one to avg

you can make some money too

not just be

b/e

* +rickf agreed -- tho in such cases i am ahppy to get to b/e, recover capital, breathe, re-evaluate, and then trade on...but that's just me 08:45

<+tzar> i wonder how many people got a heart attack there 08:46

<+rickf> lol

<+tzar> somoene mustve

atleast 1

<+rickf> bernanke speaking today on the hill 08:47

"gentlemen, queue your shorts" 08:48

<+tzar> haha

can he once say something good

<+rickf> "i have tendered my resignation....."

<+tzar> i mean its good that hes so predictable and shorts always work

but i kinda worry for the economy

<+jsbach> rick, time? 08:49

<+rickf> 10AM

Ben and Paulsen to House Financial Service Comm

banking regulation

<+anglo> dumb and dumber...

<+tzar> noooooooo i missed my short 08:52

:(

<+anglo> poor Ben really. what can he do?

<+rickf> there will be plenty more tzar

*shrug*

<@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 08:53

<+rickf> short es 1250 paper 08:54

<Andy> Long ES @ 1249.5 «« paper »» 08:56

<+Andy> Exited all ES Long @ 1248.5 --> - 1 «« paper »» 08:57

<+rickf> exit 1/2 es 1248 +2 08:59

paper

<+tzar> short dax 6395

* +jsbach buys ES @ 1247.25 09:00

<+rickf> exit 1/2 es 1246 +4 paper

h2 09:01

<+tzar> out 6392 +3

* +jsbach exits -2

<+tzar> wow

dax just dieeed

<+rickf> exit es remainder 1244 +6 paper 09:02

<+tzar> kn reversed dax postion

<+rickf> short dax 6372.5 paper 09:03

<+Trader> does anyone know of a good source for tick data on the ES in csv format for backtesting? 09:05

<+anglo> opentick trader

free too 09:06

<+Trader> thanks

<+tzar> rick you still holding? 09:07

<+rickf> yup

<+tzar> aving/

avging?

<+rickf> nopw

short dax 6384 (add) 09:10

<+tzar> i knew youd crack!

<+rickf> av pos 6378

<+tzar> :)

<+rickf> out at 77 +1 paper 09:11

actually was a STUPID entry

didnt have much of a choice on that one and wanted to be OUT

short es 1247 paper 09:12

<ItalianSharp> morning all 09:17

<+tzar> gm

rickf whats the target on that short of yours

es

<+rickf> 45 or 44.50

exit es 1245 +2 paper 09:20

<+tzar> well done 09:22

<+rickf> ty

would hve closed it wherever it was by 0930

<+tzar> what do you think 09:23

we drop or go up

<+jsbach> i think up first

<+tzar> close gap?

<+rickf> we go where the barbarian hordes drive us

us pilotfish are along for the ride

<+jsbach> to about 50

<+tzar> yep

<kantor> Good Morning All

<+rickf> perhaps short pop up then drop down

<+tzar> with you on that

long dax 77.5 09:24

<+rickf> dangerous

<+tzar> yes 09:25

<+rickf> gl

<+tzar> thx

ill need it

add 72.5 avg 75 09:26

<futurible> gm all

<PapaJon> gm all 09:29

<drt> gm everyone

<+tzar> out 76

made 50$ total

2 points 09:30

that was bad trade

<+rickf> :(

<+tzar> i made money though :)

brb 09:31

gotta drive mom to work

<+rickf> if you escape a bad trade with a profit then you are okay

just learn from it to prevent future bad trades :)

* +jsbach shorts ES @ 1250.75 09:33

<@NihabaAshi> Long ER2 @ 664.10 -> medium size

Exited ER2 Long @ 664.40 --> + 0.3 09:34

<Mauro> Shorts ER2 @ 664.3 09:35

<@NihabaAshi> That was planned to be a position trade for awhile...didn't expect the market to retrace :(

<pat12> N u immediately begin to move stop..trail?

<@NihabaAshi> Too far to chase it now...will sit and watch for awhile. 09:36

pat12...what do you mean considering its the same thing I've been doing in here for years ?

<+rickf> short es 1248.25 paper

<+Mauro> Shorts ER2 @ 665.9 -> Add

<szubaark> Shorts ES @ 1248.25 «« paper »» 09:37

<+pat12> hmmm uusually have a mental stop...

yesterday with new dom it seems that u trail 3 ticks etc

<@NihabaAshi> Are you talking about mental trail stops or mental initial stop/loss protection ???

<+Mauro> Covered all ER2 Short @ 664.7 --> + 0.8

<+pat12> trail stops 09:38

<+szubaark> Covered all Short ES at 1246 --> + 2.25 «« paper »»

<@NihabaAshi> I've always used trailed stops in here and often talk about such in here many times each week...for years

<+rickf> exit 1/2 es 1245.25 +3 paper

h4

<+pat12> k..thks n

sorry @office 09:39

cant tye well :(

<DJ> niha, new here, how tight are ur stops? 09:40

<+rickf> exit es remainder 1244 + 4.25 paper

<@NihabaAshi> DJ...which trade :) 09:41

<+DJ> er2

<+pat12> L es 45

<@NihabaAshi> Which specific trade because I don't use the same trail

<+DJ> shorting for one

<+rickf> short es 46.25 paper sm sz 09:42

<+pat12> n just the trade u took on er

<@NihabaAshi> That trade I use a 3 tick profit

<+pat12> k..

<+DJ> k

<+rickf> exit 45.25 +1 paper 09:43

gotta restart -- p/l tally is all ducky :(

<@NihabaAshi> DJ...I don't believe in r:r ratios

<+DJ> ok 09:44

i trade manually on guts

i should use stops

but, then they are often too tight and I get stopped out

so, i trigger trades with market orders 09:45

* +jsbach exits short @ 48 ---> +2.75

shorts ES @ 1250.75 09:47

<+pat12> bernanke in 10 minutes 09:48

* +jsbach shorts ES @ -.5

<+jsbach> i mean exit

<+KN-SR> Long DAX @ 1251.50

<@NihabaAshi> Long ER2 @ 669.20 -> medium size 09:49

<+szubaark> Buys ES @ 1252.25 «« paper »»

<+KN-SR> Exited 3/4 DAX Long @ 1253.50 --> + 2 09:50

<+szubaark> exit stop moved to breakeven ES @ 1252.25 «« paper »»

Exited all Long ES at 1252.25 --> 0 «« paper »» 09:51

<+KN-SR> s.l .5

<@NihabaAshi> Exited ER2 Long @ 669.40 --> + 0.2

<+KN-SR> Shorts DAX @ 1251.00 09:52

<+rickf> es i presume

:)

or the dax reeeealllllly did fall this morning :)

<+KN-SR> :) 09:53

<+Mauro> Shorts ER2 @ 668.6 09:54

<+KN-SR> Covered 3/4 ES Short @ 1250 --> + 1

<@NihabaAshi> Shorts ER2 @ 669.00 -> medium size 09:55

<+szubaark> Shorts ES @ 1250 «« paper »»

<+KN-SR> Covered ES Short @ 1250.00 --> + 1

Reverse and Enter Long ES @ 1250.00

s.l .75 09:56

brb 09:57

<+szubaark> Covered all Short ES at 1250 --> 0 «« paper »»

<@NihabaAshi> Two trailing trades pick pocketed easily...

No longer looking for a position trade on a Long...opportunity missed.

<+DJ> thx, niha

<+szubaark> Buys ES @ 1248 «« paper »» 09:58

<+Mauro> Covered all ER2 Short @ 667.2 --> + 1.4

<@NihabaAshi> Covered 3/4 ER2 Short @ 667.20 --> + 1.8

<+rickf> short es 1248 paper

<+szubaark> exit stop set ES @ 1247 «« paper »» 09:59

Exited all Long ES at 1247 --> - 1 «« paper »»

Shorts ES @ 1246.25 «« paper »» 10:00

<+Andy> Long ES @ 1246.25 «« paper »»

<+rickf> exit 1/2 es 1246 +2 paper

h4

<+KN-SR> Long ES @ 1246.25

Exited 3/4 ES Long @ 1247 --> + 0.75 10:01

s.l 1.25

<@NihabaAshi> Covered Remainder ER2 Short @ 668.00 --> + 1

<+Andy> Exited 1/2 ES Long @ 1247.25 --> + 1 «« paper »»

<+KN-SR> thats 47.25

<+Andy> Exited 1/4 ES Long @ 1247 --> + 0.75 «« paper »»

Exited Remainder ES Long @ 1246 --> - 0.25 «« paper »» 10:02

<+rickf> exit stop moved to 46 10:03

<+szubaark> Covered all Short ES at 1243.75 --> + 2.5 «« paper »»

<+rickf> stop @ 44 10:04

<@NihabaAshi> Shorts ER2 @ 665.00 -> small size

2 only and intuition

<+rickf> exit es 1244 +4 paper

<@NihabaAshi> I see support around 664.30 and its a weak support

<+rickf> ben must be speaking now 10:05

<@NihabaAshi> Yep 10:06

<+Andy> Long ES @ 1243.25 «« paper »»

<+rickf> short es 1244 paper 10:07

<+KN-SR> Long ES @ 1243.50

s.l 41.25

Exited 3/4 ES Long @ 1244.50 --> + 1

<+Andy> Exited 1/3 ES Long @ 1244 --> + 0.75 «« paper »»

<+szubaark> Buys ES @ 1244 «« paper »» 10:08

<@NihabaAshi> giving this trade a lot of breathing room because of Mr. Bernanke

<+Andy> Exited 1/3 ES Long @ 1244.5 --> + 1.25 «« paper »»

<werner> gm all 10:09

<+rickf> gm

<+Andy> Long ES @ 1243.5 -> Add «« paper »»

<+werner> hi rickf 10:10

<+Andy> Exited all ES Long @ 1243.25 --> - 0.25 «« paper »»

<@NihabaAshi> Covered ER2 Short @ 666.00 --> - 1

Reverse and Enter Long ER2 @ 666.00

<+Andy> :(

<+szubaark> Exited all Long ES at 1244 --> 0 «« paper »» 10:11

:(

<@NihabaAshi> Exited ER2 Long @ 665.00 --> - 1

<+rickf> exit es 1243 paper +1 10:12

<+tzar> rickf

<+rickf> ?

<+tzar> when does bernanke speak

<+rickf> now

<+tzar> or he already spoke?

ok

thought so

dax down so much

<@NihabaAshi> Shorts ER2 @ 664.40 -> medium size

<+rickf> grrr another early exit :( 10:13

hate when your target gets hit right after you close the trade

<+tzar> im in the same boat as you rickf

ALWAYS happens

<+KN-SR> Long ES @ 1242.25

add

Exited 3/4 ES Long @ 1243.25 --> + 1 10:14

<+szubaark> Buys ES @ 1243 «« paper »»

Exited all Long ES at 1241.75 --> - 1.25 «« paper »»

<@NihabaAshi> Covered ER2 Short @ 664.00 --> + 0.4

<+szubaark> Shorts ES @ 1241.75 «« paper »»

<silo> Shorts ER2 @ 664.10 -> medium size «« paper »» 10:15

<@NihabaAshi> Shorts ER2 @ 663.50 -> medium size

<+szubaark> Covered all Short ES at 1239.75 --> + 2 «« paper »»

<@NihabaAshi> intuition

price action is fast...Bernanke fast :) 10:16

<+rickf> short es 1239 paper

* +jsbach buys ES @ 1238.75

<@NihabaAshi> Covered ER2 Short @ 662.00 --> + 1.5

<+silo> Covered all ER2 Short @ 661.40 --> + 2.7 «« paper »»

<@NihabaAshi> Holding 1 contract remainder

<+tzar> what just happend

<+rickf> exit es 1238 +2 paper 10:17

<+tzar> wow

did you see dax?

i lost 1000$ in 2 min

<+KN-SR> :)

<+rickf> everyone's down

<@NihabaAshi> DAX reacted to Bernanke

All key markets reacting to Bernanke

Obvious they don't like what he has said so far 10:18

<+tzar> yea i get that vive too NihabaAshi

<Zendo> [16:15] <metamp> it's over 10:19

<+Zendo> [16:15] <IngoPan> y

[16:15] <metamp> noew lows

[16:15] <IngoPan> done

[16:15] <metamp> all at bid

[16:15] <mz> dow 10k faster as expected, imo

[16:15] * cicero has joined #tradingspace

[16:17] * IngoPan ----[ buys ES @ 38.5 ]----

[16:17] <J

<+rickf> bloomberg article of ben's speech -- http://tinyurl.com/6dyz66

<+Zendo> not talking yet

?

<@NihabaAshi> Zendo...read my pm to you. 10:20

<+rickf> short dax 6315.5 paper sm sz

<@NihabaAshi> Covered Remainder ER2 Short @ 662.30 --> + 1.2 10:21

<+rickf> exit dax 6313 +2,5 paper

<+DJ> nice, niha

<+rickf> couldnt get the limit in to sell on that drop :(

<+Andy> Long ES @ 1239.75 «« paper »» 10:22

<+rickf> short es 1238.75 paper 10:23

<+tzar> short 6312

<@NihabaAshi> Shorts ER2 @ 663.40 -> small size 10:24

<Nesi> Shorts ER2 @ 663.10

<@NihabaAshi> Looks like a great entry but no such thing when Bernanke is involved.

<+Andy> Exited 3/4 ES Long @ 1240.75 --> + 1 «« paper »» 10:25

<+DJ> good call, niha...i agree as volatility incr

<@NihabaAshi> It went a point against me soon after entry...a few more ticks I would have dumped it. 10:26

<+DJ> 661.80 is my calculated low point/pivot/breakout level 10:27

<+silo> resistance for the bulls... 38.2 fib level

<+DJ> hi, silo

<+silo> hey dj

<+startrader> nearing record 60 min esu volum, 10:30 reversal may be coming up.

<+DJ> silo, been enjoying this place

<@NihabaAshi> Covered ER2 Short @ 663.90 --> - 0.5 10:28

<+silo> cool

i'm glad

<+DJ> ty!

<@NihabaAshi> Don't like the type of volatility that showed up

<+silo> now you must write a check to me for 100 dollars

<+DJ> hear ya, niha

<+silo> 664.5 is a resistance

<+DJ> looking t 665.5 b/o 10:29

<@NihabaAshi> Long ER2 @ 664.30 -> small size

<+DJ> 665 is res pt short-term

<+silo> Long ER2 @ 665 -> small size «« paper »»

intuition 10:30

<+Nesi> Shorts ER2 @ 665.00 -> Add

<@NihabaAshi> so far so good...not retracement against me after entry

<+silo> niha jinxed it

<@NihabaAshi> :(

Exited Remainder ER2 Long @ 664.50 --> + 0.2

Another good entry pisssed away by Bernanke volatility 10:31

<+ItalianSharp> niha, it's paulson volatility right now...is bernie speaking at the same time?

<@NihabaAshi> Doesn't matter, they sleep together in the same bed :) 10:32

<+Mauro> Shorts ER2 @ 664.7

<+ItalianSharp> :)

<@NihabaAshi> I've gotten shaken out of seveal good Long positions today :( 10:34

<+silo> Exited all ER2 Long @ 667.40 --> + 2.4 «« paper »»

<+szubaark> Shorts ES @ 1244 «« paper »»

<+Mauro> Covered all ER2 Short @ 667.2 --> - 2.5

<@NihabaAshi> In fact, shaken out of all of my Long positions today :(

One resulted as a loss 10:35

<+silo> may have exited early

it could run up to 669.5

<+ItalianSharp> Niha, that tells you how "unhealthy" the market is to go long

simply, too many sellers left

<+szubaark> Covered all Short ES at 1244 --> 0 «« paper »»

Shorts ES @ 1243.75 «« paper »» 10:36

<+DJ> 669.90 pivot 10:37

<+szubaark> Covered all Short ES at 1242.50 --> + 1.25 «« paper »»

<+Andy> Exited Remainder ES Long @ 1243 --> + 3.25 «« paper »»

<+szubaark> Shorts ES @ 1247 «« paper »» 10:43

Covered all Short ES at 1247 --> 0 «« paper »» 10:44

Shorts ES @ 1248 «« paper »» 10:46

<+DJ> vol movers on er just sold

2nd hi vol for the day

<@NihabaAshi> weak resistance area ER2 10:47

<+DJ> ty 10:48

<+szubaark> exit stop moved to breakeven ES @ 1248 «« paper »»

<@NihabaAshi> Financial networks no longer following every word by the FED folks

<+silo> resistance at 673.7, and especially 676.3

<+szubaark> Covered all Short ES at 1246.50 --> + 1.5 «« paper »»

<+DJ> ty

<@NihabaAshi> Shorts ER2 @ 670.30 -> medium size 10:49

:(

<+DJ> hesitation 10:50

i'll short at 667.50 10:51

<+silo> Shorts ER2 @ 669.30 «« paper »»

<pdays> Shorts ER2 @ 670.5

<+pdays> Covered all ER2 Short @ 670.0 --> + 0.5 10:52

<@NihabaAshi> Covered 3/4 ER2 Short @ 669.10 --> + 1.2

<+DJ> nice scalp!

<+silo> Covered all ER2 Short @ 669.60 --> - 0.3 «« paper »» 10:57

<+szubaark> Shorts ES @ 1245 «« paper »» 10:59

<@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

<+Nesi> Shorts ER2 @ 668.60 -> Add

<+szubaark> exit stop moved to breakeven ES @ 1245 «« paper »» 11:00

Greeat Volatility so far 11:01

Covered all Short ES at 1242.25 --> + 2.75 «« paper »»

<+DJ> 667.50 to 667 scalp er2 +.5 11:03

reversed 667

out

damn 11:04

+1.0

<@NihabaAshi> Covered Remainder ER2 Short @ 670.00 --> + 0.3

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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)

<+DJ> good clip, niha 11:06

* +jsbach short ES @ 1248.5

<+Trader> Niha what % of your profits go to commisions? 11:07

<+jsbach> Trader what % of your profits go to commissions? 11:08

<+Trader> 10-15%

<+jsbach> who's your broker?

<+Trader> IB 11:09

<@NihabaAshi> 8 - 15% is normal

<+Trader> 4.8 RT

does anyone know if I shut my hard drives, will IRC still buffer the chat room activity? 11:10

i have to ;eave for a while but I want to read the posts 11:11

;eave=leave

<@NihabaAshi> Only one way to find out :) 11:12

<+Trader> i guess so ;-)

<@NihabaAshi> Networks following FED folks again 11:18

Hope they don't do this all day...go back in forth to the speeches by them.

<+szubaark> Volatility spike 11:34

<Andy> Shorts NQ @ 1840.75 «« paper »» 11:39

<+Andy> Covered 2/3 NQ Short @ 1839.5 --> + 1.25 «« paper »» 11:40

Covered 1/4 NQ Short @ 1839 --> + 1.75 «« paper »»

Covered Remainder NQ Short @ 1840.75 --> 0 «« paper »» 11:41

<+silo> Long ER2 @ 670 «« paper »» 11:42

riskier trade for me

but i wanna capture more points 11:43

Exited all ER2 Long @ 669.10 --> - 0.9 «« paper »»

<@NihabaAshi> Shorts ER2 @ 668.70 -> small size 11:44

geeesh :( 11:45

Can't the FED folks be quiet for like 15mins :(

Adjusting my target...price action changing 11:48

* codehead_afk is now known as codehead 11:52

<@NihabaAshi> Covered ER2 Short @ 669.70 --> - 1

Reverse and Enter Long ER2 @ 669.70

Exited ER2 Long @ 668.90 --> - 0.8 11:57

Shorts ER2 @ 668.30 -> medium size

intuition

<+rickf> short es 1247 paper

<@NihabaAshi> :( 11:59

Networks just went back to the FED folks again

I increased my position size when they had briefly stopped following those gusys 12:00

Covered ER2 Short @ 669.30 --> - 1

It's been a long time since I seen these guys followed for more than 2 hours 12:01

Long ER2 @ 670.20 -> medium size 12:02

<+silo> Long ER2 @ 671.30 «« paper »» 12:03

<@NihabaAshi> FED back on TV again :(

Exited ER2 Long @ 671.30 --> + 1.1

* +rickf stopped at 1249 -2 paper

<+Mauro> Shorts ER2 @ 672.7 12:06

<+silo> Exited all ER2 Long @ 673.30 --> + 2 «« paper »» 12:08

<+Mauro> Covered 1/2 ER2 Short @ 671.6 --> + 1.1 12:12

<+rickf> long es 1252 paper sm sz 12:13

<+silo> hey there 12:14

<+rickf> exit es 1254,25 +2.25 paper 12:15

<jsbach> crude at level where it's been failing 12:18

<+Mauro> Covered Remainder ER2 Short @ 671.8 --> + 0.9 12:20

<+DJ> bbl 12:30

<@NihabaAshi> Shorts ER2 @ 669.00 -> small size 12:52

Missed a great entry about 1 point higher due to "over-analysis". 12:53

:(

Gotta pull that trigger...

So far, market hasn't punish me for the late entry. 12:54

Covered ER2 Short @ 667.60 --> + 1.4 12:57

Got back to a prior profit level before 3 consecutive losers between 1145am - 12pm est

That in combo to the late entry on this trade with a lucky exit... 12:58

<+Mauro> Long ER2 @ 668.4

<+rickf> short er2 668.6 paper

<@NihabaAshi> I'm going to bank my profits and call it quits for the day especially with all the pick pocketed Long positions I had that should have produced big points instead of a few ticks. 12:59

Take care all and my part-time vacation offically kicks into full gear tomorrow.

<+rickf> cya

<@NihabaAshi> I'll only answer emails when I return and have only responded to 3 emails out of 32 since starting my vacation :) 13:00

* +rickf stopped 669 -.4 paper 13:01

<+Mauro> Exited all ER2 Long @ 669.6 --> + 1.2

* NihabaAshi is now known as NihabaAshi_away

<@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 13:02

<+silo> Long ER2 @ 671.60 «« paper »» 13:18

<+Mauro> Shorts ER2 @ 672.1 13:19

Covered all ER2 Short @ 671.5 --> + 0.6 13:23

<+szubaark> Shorts ES @ 1252.75 «« paper »» 13:24

<+silo> Exited all ER2 Long @ 671.50 --> - 0.1 «« paper »» 13:25

<+szubaark> Covered all Short ES at 1251.75 --> + 1 «« paper »»

<+silo> Long ER2 @ 674 «« paper »» 13:33

Long ER2 @ 674.20 -> Add «« paper »» 13:34

<+startrader> Shorts NQ @ 1850.25 13:35

<+silo> http://img247.imageshack.us/my.php?image =er2ha1.png 13:37

<+startrader> Shorts NQ @ 1852 -> Add

Covered 1/2 NQ Short @ 1849.25 --> + 2.75 13:38

<+szubaark> Shorts ES @ 1256.25 «« paper »»

<+startrader> Shorts NQ @ 1852.25 -> Add 13:41

<+szubaark> Covered all Short ES at 1256.50 --> - 0.25 «« paper »»

<+silo> Exited 1/2 ER2 Long @ 674.50 --> + 0.3 «« paper »» 13:42

<+szubaark> Shorts ES @ 1255.75 «« paper »»

exit stop set ES @ 1257.75 «« paper »» 13:43

<+startrader> Covered 1/2 NQ Short @ 1849 --> + 3.25 13:44

Covered Remainder NQ Short @ 1847.75 --> + 2.5 13:45

<+silo> Exited Remainder ER2 Long @ 673.50 --> - 0.5 «« paper »» 13:47

<+startrader> Shorts NQ @ 1850.25 13:52

<+szubaark> Covered all Short ES at 1257.75 --> - 2 «« paper »»

Shorts ES @ 1257.25 «« paper »»

<+startrader> Covered 1/3 NQ Short @ 1849.25 --> + 1 13:54

<+silo> Long ER2 @ 674.70 «« paper »»

Long ER2 @ 674.80 -> Add «« paper »» 13:56

<+startrader> Covered 1/3 NQ Short @ 1847.25 --> + 3 13:57

<+silo> Exited all ER2 Long @ 674 --> - 1.5 «« paper »» 13:58

<+startrader> Covered Remainder NQ Short @ 1845.25 --> + 5

<+szubaark> Nice star.

<+silo> Shorts ER2 @ 673.50 -> large size «« paper »»

<+startrader> ty, damn es was making heading higher testing my patience. 13:59

<+szubaark> yup, had to test that Globex high 14:00

<+silo> Shorts ER2 @ 672.80 -> Add «« paper »»

<+startrader> Long NQ @ 1844

<+szubaark> Covered all Short ES at 1254.75 --> + 2.5 «« paper »» 14:01

<+startrader> Exited 2/3 NQ Long @ 1845.25 --> + 1.25 14:03

<+silo> Covered all ER2 Short @ 673.40 --> - 0.5 «« paper »» 14:04

<+startrader> Exited Remainder NQ Long @ 1845.25 --> + 1.25 14:05

<+Nesi> Shorts ER2 @ 672.00 -> Add 14:08

<+silo> Shorts ER2 @ 672.20 -> medium size «« paper »»

<+Nesi> short YM 11205 14:10

<+szubaark> Buys ES @ 1254 «« paper »»

<+silo> Shorts ER2 @ 671.50 -> Add «« paper »» 14:11

<+szubaark> Exited all Long ES at 1251.50 --> - 2.5 «« paper »» 14:12

<+startrader> Long NQ @ 1841

<+szubaark> Buys ES @ 1252.25 «« paper »» 14:13

<+Mauro> Long ER2 @ 670.4

<+startrader> Long NQ @ 1839.50 -> Add 14:14

<+silo> Covered all ER2 Short @ 669.70 --> + 4.3 «« paper »» 14:15

<+startrader> Exited all NQ Long @ 1837.75 --> - 5 14:16

Long NQ @ 1835.50 14:17

<+Mauro> Long ER2 @ 669.4 -> Add

<+startrader> Exited all NQ Long @ 1835.50 --> 0 14:19

<+szubaark> Exited all Long ES at 1249.25 --> - 3 «« paper »» 14:20

<+Nesi> oil trying to come back

<+startrader> damn you oil

<lisa> y

<+lisa> oil b/o

<+startrader> 139.50 should hold oil, 14:21

<+szubaark> Shorts ES @ 1251 «« paper »» 14:23

<+Nesi> wow oil again 14:25

news? 14:26

<+szubaark> Covered all Short ES at 1246 --> + 5 «« paper »»

<+startrader> what the hell?

<+szubaark> lol

<+startrader> good shot sz

<+Mauro> Exited all ER2 Long @ 665.5 --> - 8.8

<+Nesi> anyone sees news?

<+szubaark> thanks star.. 14:27

wonder how they gonna close today 14:28

<+rickf> they ring the bell 14:30

*ducks*

short es 1246.25 paper 14:33

<+startrader> iran tests more missles

you know the republican guard is long on those tests. 14:34

<+rickf> exit es 1244.50 +1.75 paper 14:35

<+startrader> Shorts NQ @ 1829 14:36

Shorts NQ @ 1829 -> Add 14:39

mullahs get long and order the missiles away.

Covered 1/2 NQ Short @ 1825.25 --> + 3.75 14:41

Covered Remainder NQ Short @ 1823 --> + 6 14:42

<Widgetman> dang nice trades start

<+startrader> this thing could go down into the close.

<+Widgetman> 656 dn side tgt on er 14:43

sold a couple IWM aug 67 puts 14:46

<+startrader> Shorts NQ @ 1829 15:04

Covered 1/2 NQ Short @ 1824.50 --> + 4.5 15:07

<@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.htm 15:08

<+startrader> Shorts NQ @ 1829 -> Add 15:09

* Spartan_Away is now known as Spartan 15:25

<Spartan> Shorts NQ @ 1831.50 «« paper »» 15:47

<+werner> gn all 15:49

<+rickf> cn

gn

<+werner> gn rickf 15:50

<+szubaark> bye werner 15:51

<+werner> yo szu

<futurible> Long ER2 @ 669.00 «« paper »» 15:55

<+Spartan> Covered all NQ Short @ 1836.50 --> - 545.75 «« paper »»

-5

<+rickf> gn all see you tomorrow 15:56

<+futurible> Exited 1/2 ER2 Long @ 670.3 --> + 1.3 «« paper »» 16:00

Exited Remainder ER2 Long @ 671.0 --> + 2 «« paper »» 16:02

* Spartan2 is now known as SpartanSession Close: Thu Jul 10 16:47:05 2008 16:27

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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

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