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#FuturesTrades July 11th Friday 2008 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+0.00	+156.00	+2042.60
$0	$15,600	$204,260

mini-sized Dow YM

1315pm - 1318pm est

No Trades

(on vacation)

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.

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Session Start: Fri Jul 11 08:27:34 2008Session Ident: #FuturesTrades

* Now talking in #FuturesTrades 08:27

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

<KN-SR> Exited 3/4 ES Long @ 1238.75 --> + 1

gm

<nqlove> i am standing aside for news

will fly afterwards

<anglo> g m

<KN-SR> add 38.50 08:29

Exited 3/4 ES Long @ 1239.50 --> + 1.75 08:30

<anglo> oil 147 new high 08:35

<KN-SR> wey may see 22 today 08:36

<anglo> 62 was a hivol area ;>D 08:37

<Trader> KN why do you say that? 08:39

<rickf> gm all

<KN-SR> we are in a downtrend.........

37.25 is he ONLY thing standing in between 08:40

<anglo> yeah... and it's a triple bottom... rare as teeth on a hen.

<Trader> when was the last time es was at 1222? 08:41

<KN-SR> told u :)

watch 33.75 nxt

February 08:42

<anglo> of some year

<KN-SR> this yr

<anglo> mmmmm

* NihabaAshi is now known as NihabaAshi_away 08:43

<Trader> no it was not

sp was above 1300 all february

<anglo> u adjusting data somehow? 08:44

or using cash spx

<KN-SR> nop

i will check and let u know

<Trader> also the current contract did not exist

<KN-SR> ofcourse it wont exitst 08:45

<anglo> http://charts.barchart.com/custom/stocks /2668.gif

http://charts.barchart.com/custom/stocks /1198.gif 08:46

<Trader> i am just trying trying to understand your reason for the target KN

<anglo> 2006 for these prices

<Trader> June 14/2006 1219.29 08:47

<KN-SR> we should have a bounce at 1217 08:48

<DJ> kn,using waves, or gartleys?

<KN-SR> nop

i dont use waves

<DJ> fib levels?

<KN-SR> nop

just some level

<DJ> curiosity killed the cat 08:49

<KN-SR> as it was 37.25 for last few days

it will be a imp level today too........

sorry for the cat 08:50

:)

<DJ> scratched me

(sw)

<anglo> I hate cats

<DJ> they hate us 2

<KN-SR> Exited 2 ES Long @ 1240.75 --> + 3

i try to get some levels

s/r levels

<DJ> nice trade kn

<KN-SR> and try to use volume to figure out the direction 08:51

break or bounce

thanks DJ

<DJ> i watch vol breaks as well

spikes are counter-intuitive

<KN-SR> well, mostly yes

<DJ> mostly 08:52

<KN-SR> mostly

<anglo> imho the bottom time is close, the price of the low much lower.

<DJ> the trick is to use other inputs and instincts

<KN-SR> u will have to check the orders flowing in.........it takes the same spike to break too

<DJ> ty

bbl (C) 08:53

<KN-SR> we should see 51 shortly :)

i think

brb

<anglo> mostly 08:55

<Trader> DJ what do you mean by SPIKES ARE COUNTER INTUITIVE?

<anglo> ;)

<DJ> spikes in buying (esp large) CAN be a signal that the movers are in or out of shares 08:56

for example

at a bottom of a long cycle, observe vol buying spikes

movers are closing shorts (buying pressure) 08:57

but, combine that with your fibs, or bollingers and whatever

it does not ALWAYS mean that

<Trader> i agree

<DJ> but, in a cycling market, I have seen quite a bit

of examples where it has worked

<KN-SR> well, there are only 2 reasons for a spike , i guess

<DJ> I have made 5+ point moves on bottoms or tops on vol spikes in 08:58

this counter-intuitive method

<Trader> i like to see a spike before a trendline break

<DJ> right on, kn

yes!

trendlines are crucial

you are smart to use them

<KN-SR> well, first ---------- > if there is a big order placed

<DJ> today, we could see some real trends broken

outside of camarilla's, pivots and the like

i see a black friday coming...just my guts 08:59

but, you never know

i'd be a gazillionaire if i did

<Trader> here it's just gray (clouds) ;-)

<DJ> it's hotter than hell here

<anglo> you can analize all you want. If you analyze KN's trading, he is now long and with a profit at a critical level.if market rallys big he makes a lot of $, if the market breaks 37 he makes a few $, and looks for NEXT trade. Rather simple and effective.

<DJ> this is why i am here 09:00

i go with signals an guts

<KN-SR> and, Second ---------> if a big order is taken out

<DJ> oil is key 09:01

<Trader> anglo that still does not explain how he does it. Taylor Technique would be one of his methods and a horse shoe up... is the other one. No offence KN

<anglo> taken out as in cancelled or taken out as it is traded through?

no horseshoe whatsoever. pure skill. 09:02

<KN-SR> welll, the idea is not loosing any trade, in $ 09:03

add 35.25

the problem is

we always wait for the macd or cci cross to get in a trade but 09:04

<anglo> 35.25 traded?

<KN-SR> never think of the TRADE MAMANGEMENT

again

thats wha ti was tellin gu

1 min

Exited 3/4 ES Long @ 1238.50 --> + 0.75

nop 09:05

35.25-38.50 1.25

Long ES @ 35.25

<tzar> morning :)

<KN-SR> gm

<anglo> ??????????????

<KN-SR> well, about the spike...............

<anglo> 35.25????????

<DJ> ???coming??? 09:06

<KN-SR> i added at 35.25

[08:03:10] <KN-SR> add 35.25

<DJ> my charts have not hit that level yet

<anglo> how?

<tzar> how did dax trading go

<KN-SR> not 35

37

<anglo> okdk 09:07

<KN-SR> Long ES @ 37.25

<tzar> holy moly it fell another 100 pts

<KN-SR> sorry

and 37.25 - 38.50 1.25

i m in toomany windows at the same time

<anglo> lol

<KN-SR> well, about the spike

2 reasons

<DJ> es 8:04a CST vol spike 09:08

<KN-SR> placed order or taken out orders ------ large

one for break and other for bounce

now if we can sopt which is what, the market gets more readable

<DJ> learning here

<KN-SR> now 09:09

<anglo> which is what?

<KN-SR> say if the total vol is N

and P is the price where we have a spike 09:10

and X is vol thats been placed

1 min 09:11

Exited 1/2 ES Long @ 1340.75 --> + 1303.5 09:14

<DJ> nice

<KN-SR> again

Exited 1/2 ES Long @ 1240.75 --> + 1203.5

?

Long ES @ 1237.25

Exited 1/2 ES Long @ 1240.75 --> + 3.5

ufff

h 3 + 2 + 2 09:15

anyway,

<anglo> [09:10] <+KN-SR> and X is vol thats been placed

<Mauro> Shorts ER2 @ 664.7

<KN-SR> so we have N P AND X

thanks DJ

<anglo> not sure what X is. 09:16

<KN-SR> X is the changed number in vol

at the level P

<anglo> delta?

<KN-SR> u can get it from tradestation matrix window

vol at each level

<anglo> bid-ask?

<KN-SR> total

vol 09:17

all we need to see if the vol is up or down

<DJ> i use ts will look

do you also track vwap?

<KN-SR> simply,

if the spike is due to a profit taken, we will have to bounce 09:18

so althou we have a spike we will more likely be in a dry area

<ItalianSharp> morning all 09:19

<futurible> gm all

<KN-SR> here volume goes down, coz contracts are taken out......... but as the difference of bid and ask is considerable, we see the spike 09:20

gm

<ItalianSharp> KN, what's your take on this market?

<Mauro> Covered all ER2 Short @ 663.6 --> + 1.1

<DJ> ty, kn

<KN-SR> we will go up first, then will go down

atleast i need 22 badly 09:21

anyway

onthe the other hand

if the volume goes up,

coz contracts are in considerably

<anglo> X you mean?

<KN-SR> we again have a considerabale difference between bid and ask 09:22

we again have a spike

total volume will be more we will be more likely in a gray area 09:23

<anglo> I...almost...follow you. Got lost somewhere.

<KN-SR> few pullback to adjest the contracts with stop loss hit, we are on our way to a breakout 09:24

<Trader> KN is the TRADEESTATION MATRIX a DEPTH OF MARKET in other platforms

<KN-SR> matrix

go the the price ladder 09:25

look at teh right side

2nd col from right

<Trader> i don't use TS so I am trying to follow you with an equivalent

<KN-SR> u will see the vol traded in each price

<Trader> Time and Sales is that the same?

<KN-SR> nop

<palmer> u mean the vol bars KN 09:26

on matrix

<tzar> volume per level

<KN-SR> yes

<palmer> ok

<Trader> Market Prifile style?

<KN-SR> not sure

<palmer> i need for u to explain that to me when u have time

how you use it 09:27

<KN-SR> see the prices with more vol?

<palmer> yep

<DJ> yes

13035

<rickf> short es 1240 paper

<KN-SR> do u see to considerable big vol next to each other with a few tick apart

two 09:28

<DJ> yes

<KN-SR> considerable big vol

<palmer> yep

<KN-SR> good

<DJ> yes

<KN-SR> the ticks inthe middle is the place where price gets spike

u will see often i have the entry b4 the spike

<DJ> 1240.50

<Mauro> crude oil new high

<palmer> ok 09:29

<KN-SR> coz i can guess wehre is price to trap

and its not any magic

its right there, u will have to just be careful about

the direction

and

after u r in a trade, 09:30

<DJ> kn,ty

<KN-SR> this is a completely new game

<drt> gm everyone

<KN-SR> u dotn care about anything, only TRADE MANAGEMENT

gm

<anglo> very cool KN. thanks.

<KN-SR> uw

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

<Mauro> Shorts ER2 @ 663.2

<rickf> exit es 1238 +2 paper 09:31

<PapaJon> gm all

<szubaark> Buys ES @ 1237.75 «« paper »»

<anglo> ...after 3 months of reading yr stuff. I ...almost...understand it.

<KN-SR> add 37.25

<anglo> I'm dum as a box of rocks, however. 09:32

<Mauro> Covered 1/2 ER2 Short @ 661.2 --> + 2

<KN-SR> Exited 3/4 ES Long @ 1238.25 --> + 1

hit and out

<szubaark> crap, i blinked and missed my exit LOL

<Mauro> Covered Remainder ER2 Short @ 660.2 --> + 3

<rickf> :(

<PapaJon> nice trade mauro 09:33

<KN-SR> Long ES @ 1236

<Trader> KN since the volume colomn is a cummulative number, wouldn't the effectiveness of the analisys diminish as the day goes on?

<futurible> vn Mauro

<KN-SR> s.l .75

<rickf> today's last day on sim account -- mon going live again

<Mauro> thanks PapaJon

<KN-SR> good luck rickf

<DJ> dow down 165

<anglo> [notice he is stopped and out WITH profits]

<rickf> ty

<DJ> y

<KN-SR> Shorts ES @ 1235.25

<Mauro> ty futurible 09:34

<KN-SR> Covered 3/4 ES Short @ 1234.25 --> + 1

<anglo> [notice he reversed at a key level to SHORT]

<DJ> y

<KN-SR> Covered ES Short @ 1234.25 --> + 1

Reverse and Enter Long ES @ 1234.25

s.l 33.25

<anglo> [notice he has profits in his short position locked] 09:35

[notice he is now long]

<KN-SR> Exited 2 ES Long @ 1236.25 --> + 2

remember the level 33.75 .......... we have a bounce 09:36

<anglo> [notice he cant lose in his long ALREADY]

no horseshoe. PURE skill.

<KN-SR> h 8

<DJ> grt 09:37

<KN-SR> Exited 2 ES Long @ 1237.25 --> + 3

<DJ> :-d

<KN-SR> told u about 33.75 .... all u will have to is to watch the vol

and its NEVER done in first try 09:38

i m talking about breakout

<rickf> VIX @ 27

<KN-SR> Exited 2 ES Long @ 1238.25 --> + 4

dont trust vix

<anglo> the 33.75 level...where did it come from brother?

<KN-SR> [07:41:13] <KN-SR> watch 33.75 nxt 09:39

<anglo> yes that one.

where did it come from brother? 09:40

<rep1acs2> whats special abt volume at 33.75 KN?

<KN-SR> that the level wehre we had most trades last time

<anglo> in 2006?

<KN-SR> i will get back to u with details later

<DJ> thx

<KN-SR> after i finish todays trades

<anglo> kool

<startrader> monthly s1 is at 32.50, they are trying to hold the 1st test there.

<nqlove> ok lets get trading

short dax @ market

<KN-SR> good luck nqlove 09:41

u wasnt here today in the morning for dax :)

<nqlove> i was here

<KN-SR> we need 39.75 crossed to have a long trend 09:42

<nqlove> no1 here tough

<KN-SR> i was here

<nqlove> i did fly alone

tough in turbulence

<KN-SR> tzar was here too

<szubaark> Exited all Long ES at 1234.75 --> - 3 «« paper »»

Shorts ES @ 1234.75 «« paper »»

<anglo> how do you input the dax symbol from zenfire into multicharts?. 09:43

anybody know?

<KN-SR> Exited 1 ES Long @ 1240.25 --> + 6 09:45

<Mauro> Shorts ER2 @ 664.3

<KN-SR> Exited 1 ES Long @ 1242.25 --> + 8 09:47

<DJ> :-d

<KN-SR> and, ..... To Trader <---- if u still think about some horseshoe ........ sorry we cannt fix u :)...............no offence.... 09:48

<startrader> Shorts ES @ 1243.50 09:50

<Mauro> Covered all ER2 Short @ 666.3 --> - 2

sacrifice covering 09:51

<KN-SR> it will start going down in 20 min

i think

<startrader> Covered 1/2 ES Short @ 1239.50 --> + 589.5 09:53

what

<szubaark> hmm, not good for Shorts they buying this Dip 09:54

<ripsboy> gm all...

<silo> Long ER2 @ 666.10 «« paper »»

<KN-SR> how hard it is to gt to 44.25! 09:55

<Andy> Long ES @ 1243.25 «« paper »»

<KN-SR> :) 09:56

<Andy> Exited 2/3 ES Long @ 1242 --> - 1.25 «« paper »» 09:57

<KN-SR> Exited 1 ES Long @ 1244.25 --> + 10

H - Last

<Andy> Exited all ES Long @ 1245 --> + 1.75 «« paper »»

<szubaark> they taking it up just as fast as it was going down

<pat255> vn kn

<KN-SR> thanks

<pat255> running late 09:58

<KN-SR> so thats the 10 point from the level 33.75 ------ dont think its a horseshoe

:)

bbl

s.l 37.25 +3.00 09:59

<Andy> Shorts ES @ 1244.5 «« paper »»

<KN-SR> nice place Andy.........we shuld have a 5 point move 10:00

<silo> Exited all ER2 Long @ 666 --> - 0.1 «« paper »»

<KN-SR> brb

<Andy> Covered 1/2 ES Short @ 1243 --> + 1.5 «« paper »» 10:01

Covered 1/4 ES Short @ 1241.75 --> + 2.75 «« paper »»

<X> #FuturesTrades Info -> No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended without their permission. More info at www.thestrategylab.com/FuturesTradesChat Room.htm 10:02

<KN-SR> add 44

brb 10:03

<Andy> Shorts ES @ 1244 -> Add «« paper »»

<palmer> u short KN

<silo> Long ER2 @ 668.70 -> medium size «« paper »»

<Andy> Covered all ES Short @ 1245 --> - 1.5 «« paper »» 10:04

<KN-SR> Exited 3/4 ES Long @ 1246 --> + 11.75

h 1 + 7 10:05

long ........

palmer

<rickf> long dax 6242 paper 10:10

<kantor> gm all 10:14

<DJ> gm silo 10:15

<rickf> exit dac 6244 +2 paper (late pst) 10:16

<JimL> KN, does the method you described above (using $/vol levels on matrix) described @ the website just posted?

<anglo> jimL: no 10:18

<Thoosle> gm 10:20

<JimL> Where may I go to learn more on that method? 10:22

<anglo> right here?

dunno JimL

<Bambam-77> 1252 pos trgt must get above 43 10:23

<rickf> short dax 6227.50 paper

<DJ> jim, there is a website that applies Universal (Price Histogram Methods)

it is interesting there

there is also a fella names mikee

who posts his charts that are interesting

#enthios 10:24

chat room

<Bambam-77> 1241 min sup area

<DJ> enthios is on vacation now, tho

<silo> power outage

<DJ> so, 'it's quiet

<rickf> exit dax 6230.50 -4 paper 10:25

<ItalianSharp> what's going on?

<szubaark> wow, thats a huge whipsaw candle forming

<ItalianSharp> looks like a news spike

oh ok...Paulson speaking 10:26

<rickf> short 6218 paper

<ItalianSharp> about fannie and crap

ok, ES can say goodbye to 1230 now

<rickf> exit 1/2 dax 6205 +13paper

<szubaark> looks like new lows coming

<KN-SR> add 3775

<DJ> paulson speaks

<KN-SR> a.l 37.25

hit and out

<rickf> exit remainder dax 6210 +8 paper

<DJ> keeping fann and fred the same

"in present form" 10:27

meaning, "public" and not converted to fed only

stabilizing effect meant, but not a great message

<rickf> meaning the mess will continue and the value of these guys' common goes to zero

<DJ> yes

scary

will they default on bonds 10:28

new issues out now to foreign holders

very scary times, these

<KN-SR> :)

anyting as long as we hit 22

<rickf> geeezz 10:29

<anglo> wtg KN

<KN-SR> :)

<szubaark> geez, thats almost a 15Point ES 5 minute candle..havent seen that in a while 10:30

<ItalianSharp> actually, it's the first time I agree with Paulson

He said " No Bailouts"

thank god

let the market decide who must default

that's good news IMO...

<DJ> well, congress is in action mode

<ItalianSharp> it'll surely take a few of those guys down...but once the weak ones are out, the market will be healtier

<DJ> that is what is scary 10:31

<rickf> short es 1234.75 paper

<anglo> [09:51] <+KN-SR> it will start going down in 20 min

;)

<silo> Long ER2 @ 663.70 «« paper »» 10:32

<rickf> exit es 1233.75 +1 paper (late)

<JimL> TY DJ, I follow Enthios (Universal) for wider swing parameters. The KN method seems much more dynamic & better for scalping points. Any place to go for tutorial on that method?

<DJ> not that I know of, jim 10:33

he might be able to educate us over time

he is trying to trade and tell us

that's a lot to ask 10:34

maybe when he is out and done for a day in the future

he can go over it

it is a mystery to me as well

i want to learnhere

<JimL> KN, I know this is not the time for it but maybe we can schedule something. I'm willing to put in the effort to understand when appropriate. 10:35

<DJ> me 2

<szubaark> any method should be easy understand, if its not, i usually look other way

<DJ> well, chat language is cryptic 10:36

<silo> Exited all ER2 Long @ 662.60 --> - 1.1 «« paper »»

<JimL> Yes DJ, that's why I asked about a tutorial somewhere other that chat & once I do the work ask questions via live chat on finer understanding 10:38

<DJ> gd

i'm in(sw)

anglo seems to have a handle on this 10:40

<anglo> nope 10:41

but I can see greatness when it smacks me on the face.

<DJ> lol 10:42

i have a hard head

<anglo> he tried to teach me. I'm just too dumb.

<DJ> big head todd here

(H)

<robert> There is a place to post/discuss trading questions for this room - someone please correct this address if not correct - http://thestrategylab.com/forum/index.ph p?PHPSESSID=e60dfe466507b3d926a054f8867b 6310&topic=363.0

<anglo> I...almost...got it, but then got lost.

<DJ> thx robert 10:43

i went there and there are no links or real explanations 10:50

or my browser won't open them'

<anglo> you probably need to login DJ

register and login 10:51

<DJ> ok 10:56

<Andy> Long ES @ 1235.5 «« paper »» 11:13

Exited 1/2 ES Long @ 1237.25 --> + 1.75 «« paper »» 11:14

Exited 1/4 ES Long @ 1236 --> + 0.5 «« paper »» 11:15

should have reloaded

Exited Remainder ES Long @ 1236 --> + 0.5 «« paper »» 11:17

Long ES @ 1232 «« paper »» 11:28

<MK> Shorts ER2 @ 660.4 «« paper »» 11:29

<Andy> Exited all ES Long @ 1231 --> - 1 «« paper »» 11:30

<silo> Shorts ER2 @ 659.80 «« paper »»

intuition 11:31

<startrader> Covered Remainder ES Short @ 1229.50 --> + 14

<szubaark> going to ride this trend as much a as I Can

nice startrader

<startrader> nq at double bottom and es at s2

not getting long, just taking some off. 11:32

<MK> Covered all ER2 Short @ 659.3 --> + 1.1 «« paper »» 11:33

<DJ> gd trade on er

* codehead_afk is now known as codehead

<KN-SR> 34.75 nxt 11:35

!

brb

<startrader> good volume coming in for time of day 11:36

<MK> Shorts ER2 @ 660.9 «« paper »»

<silo> Covered ER2 Short @ 661.40 --> - 1.6 «« paper »»

Reverse and Enter Long ER2 @ 661.40 «« paper »»

<DJ> volatile! 11:37

<startrader> oil and corn getting takin out to the woodshed

<MK> Shorts ER2 @ 662.8 -> Add «« paper »» 11:38

<szubaark> Huge bounces at every Support Level

<KN-SR> may see 23 next if it doest cross 37.25

brb 11:39

<szubaark> KN, at this pace and its Friday could take all day LOL

<KN-SR> :)

i m holding from 25th

<startrader> we should take sidebets on next level. 11:40

<KN-SR> today should be the day :)

and thats the point, where is the vol?

to move it up

<silo> Long ER2 @ 663 -> Add «« paper »» 11:41

<KN-SR> unless someone take wants to move the market for a short while

i dont see anyone between me and 22 :) 11:42

kidding

brb

<silo> Exited all ER2 Long @ 662.20 --> 0 «« paper »» 11:43

Long ER2 @ 662.80 «« paper »»

<codehead> crude pretty strong drop

<MK> Shorts ER2 @ 663.3 -> Add «« paper »» 11:44

<silo> Long ER2 @ 663.80 -> Add «« paper »»

<MK> Shorts ER2 @ 663.9 -> Add «« paper »»

<startrader> huge volume for 11:30 15 min bar, maybe biggest of contract, still checking

<KN-SR> so we have 34.75 11:45

<tzar> nice call KN-SR

<KN-SR> now see how it works

<tzar> made 3 pts on your call 11:46

<KN-SR> :)

glad could help

<tzar> thanks :)

<KN-SR> i still need 22 :)

brb

<szubaark> yeah i want lower also.didnt expect this frikin bounce here

need to sit thru it i guess :(( 11:47

<KN-SR> we are going down 11:50

right to south

<szubaark> next down wave getting out, wont sit thru another pullback

<startrader> Long NQ @ 1811 11:51

<ItalianSharp> 1234 is proving to be a daily pivot for ES 11:53

that area has been touched millions of times

it's like a magnete

<pdays> Long ES @ 1232.75

<KN-SR> 37.25 11:54

should be teh magnete , i think

<szubaark> well, right now trend is down

<palmer> 1230 magnet here

<silo> Exited 1/2 ER2 Long @ 663 --> - 0.8 «« paper »» 11:55

<KN-SR> plamer is right at the point

palmer

i m horrible in typing

<palmer> we looking weak here

<MK> Shorts ER2 @ 664.2 -> Add «« paper »» 11:57

<ItalianSharp> well, my reasoning behind 1234 was that it functioned as support off the open, then off the drop after 1030...and right now we are back into that range

it could be resistance now

like, old support new resistance

that kinda crap

:)

<silo> Long ER2 @ 665 -> Add «« paper »» 11:58

<ItalianSharp> ER2 spiking hard

<MK> Shorts ER2 @ 665.1 -> Add «« paper »»

<pdays> Exited 1/2 ES Long @ 1233.75 --> + 1

<startrader> Exited 1/2 NQ Long @ 1814 --> + 3 11:59

<pdays> Exited Remainder ES Long @ 1234.75 --> + 2

<ItalianSharp> big spike in ER2

<MK> Shorts ER2 @ 666 -> Add «« paper »»

<ItalianSharp> that looked like shorts running out of the door

<szubaark> Creeper downtrend, Huge consolidations after Quick,Sudden Down Bursts 12:00

<MK> i'm gonna guess dow down 350 today 12:01

<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 12:05

<startrader> Exited Remainder NQ Long @ 1816.25 --> + 5.25 12:06

<szubaark> needs to go lower here or we gonna Chop for hours 12:07

<startrader> friday lunch could grind higher. 12:08

<szubaark> yeah, time to catch up with Moving Averages 12:09

<startrader> looking for 31 to hold and take out stops avove 36. 12:11

<MK> Covered all ER2 Short @ 662 --> + 2.9 «« paper »» 12:12

<silo> can tradestation do point and figure chart? 12:30

<szubaark> why? 12:31

<silo> just wondering

<szubaark> yeah it can go to "Format" then "Point&Figure"

then u have to set yur box size etc... 12:32

<startrader> Long ES @ 1229.50 12:33

<silo> still looks weird though 12:35

<szubaark> yeah I looked at Point Figure looked weird to me also 12:36

<rickf> exit 1/2 es 1330.25 +5 paper

<MK> Shorts ER2 @ 661.2 «« paper »» 12:37

<startrader> come on lunchbunch

<rickf> exit remainder es 1330.25 +5 paper

<futurible> Shorts ER2 @ 659.50 «« paper »» 12:39

<startrader> Exited all ES Long @ 1228 --> - 1.5 12:40

<rickf> vix @ 29 up 3.5 today

<szubaark> rick i know u will be Shorting here soon :) 12:41

<rickf> actually in again just didnt post it

:)

short from 1230.25 paper

<szubaark> Ok, we need Oil to pop and down we go

<startrader> Long ES @ 1229

<futurible> Covered all ER2 Short @ 660.40 --> - 0.9 «« paper »»

<rickf> szu - i am experimenting with some different charts, so i'm not posting all my trades this afternoon 12:43

<szubaark> Covered all Short ES at 1230.25 --> + 4.5 «« paper »»

<silo> Long ER2 @ 661 «« paper »»

<szubaark> not gonna sit thru another frikin pullback

<Andy> Long ES @ 1229.75 «« paper »»

* szubaark is now known as szubaark_away

<MK> Shorts ER2 @ 660.7 -> Add «« paper »» 12:49

<silo> Exited all ER2 Long @ 660 --> - 6 «« paper »»

what

<werner> hi all

<silo> how the fuck

that's not right 12:50

i got in long at 661

<szubaark_away> it was ADD

<silo> i didn't add any 12:51

<Andy> Exited 3/4 ES Long @ 1230 --> + 0.25 «« paper »»

Exited Remainder ES Long @ 1230 --> + 0.25 «« paper »»

<MK> 11,000 barrier...buyers prob trying to support it but will be overtaken by sellers i think 12:55

Covered all ER2 Short @ 658.1 --> + 5.7 «« paper »» 12:57

<Andy> Long ES @ 1266.5 «« paper »»

Exited 3/4 ES Long @ 1227.5 --> - 39 «« paper »»

Exited 3/4 ES Long @ 1267.5 --> + 1 «« paper »» 12:58

<rickf> exit es 1228 +2.25 paper

<Andy> Exited ES Long @ 1228 --> - 38.5 «« paper »»

I will get this right eventually...

entry number was wrong 12:59

<codehead> $VIX rocking--i should be long vix

<Andy> Exited all ES Long @ 1268.5 --> + 2 «« paper »» 13:00

<silo> Shorts ER2 @ 659 «« paper »»

Covered all ER2 Short @ 659.60 --> - 0.6 «« paper »» 13:03

<tzar> [03:22] <KN-SR> s.l 59 13:05

[03:22] <tzar> 60 good support

[03:22] <KN-SR> yes

[03:22] <KN-SR> sl 1 pt below

[03:22] <tzar> i bet many stops are there

<szubaark_away> Buys ES @ 1229.50 «« paper »»

<codehead> dow bounce the same low as earlier today, 10980, exactly

<szubaark_away> lunchtime, perfect time for a little creeper bounce 13:06

* szubaark_away is now known as szubaark

<szubaark> Exited all Long ES at 1231.50 --> + 2 «« paper »» 13:28

<MK> Shorts ER2 @ 667.9 «« paper »» 13:42

Covered all ER2 Short @ 666.1 --> + 1.8 «« paper »» 13:48

<KN-SR> humm 37 area again .... 13:49

shout have a bounce fom 32.25 13:55

didnt expect that quick 13:56

<MK> Shorts ER2 @ 668 «« paper »» 13:57

<KN-SR> humm we touched 32.50 13:58

<MK> Covered all ER2 Short @ 666.7 --> + 1.3 «« paper »»

Shorts ER2 @ 666.7 «« paper »» 14:00

<startrader> hmmmmmmmmmmmmmmmmmmmmmmm......... 14:02

looking for 42 on es 14:03

<KN-SR> anyone here trades forex? 14:04

<rickf> sometimes

<werner> no kn

<startrader> I go to canada every now and then, does that count? 14:05

<werner> lol

<KN-SR> sure, why not , i have no one , i m ready to count till ur rest room

:) 14:06

brb

<MK> Shorts ER2 @ 667.9 -> Add «« paper »»

<KN-SR> i m working on some forex stuff for a friend

and need help badly...........:(

<rickf> what's up, kn

<MK> Shorts ER2 @ 669 -> Add «« paper »»

<KN-SR> anyway thanks guys........

<startrader> Best tip in canadian, don't trow a looney at a stripper, you will get the crap kicked out of you.

<Widgetman> most strippers I know like Franklin 14:08

<startrader> Exited all ES Long @ 1239 --> + 10

<Widgetman> wtg start 14:09

<rickf> vn

<startrader> agree, don't throw a roll of quarters on stage either, if you do run like hell...

<Widgetman> lol

man you guys make this look so easy

so dang hard to me

hehe

<X> #FuturesTrades Info -> No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended without their permission. More info at www.thestrategylab.com/FuturesTradesChat Room.htm 14:11

<MK> Shorts ER2 @ 668.9 -> Add «« paper »» 14:15

<Mauro> good timing MK 14:17

<MK> we'll see 14:18

<Mauro> Shorts ER2 @ 668.1 14:19

Covered all ER2 Short @ 667.1 --> + 1 14:20

<MK> good quick scalp mauro 14:21

<Mauro> ty , i always cover too soon

<MK> Covered all ER2 Short @ 666.5 --> + 2.6 «« paper »»

<Mauro> wtg 14:22

<startrader> Long ES @ 1232.50 14:24

<rickf> short es 1233.25 paper 14:31

<Andy> Long ES @ 1232.25 «« paper »» 14:32

<startrader> Exited all ES Long @ 1231.25 --> - 1.25 14:34

<rickf> exit 1/2 es 1231.25 paper +2

<Andy> Exited all ES Long @ 1231 --> - 1.25 «« paper »»

Long ES @ 1231.25 «« paper »» 14:35

<rickf> exit es remainder 32.25 +1 paper 14:36

prolly going to bounce down again

<startrader> Long NQ @ 1800.75

<Andy> Exited 1/2 ES Long @ 1233.75 --> + 2.5 «« paper »» 14:37

<Mauro> Shorts ER2 @ 665.9

<Andy> Exited 1/4 ES Long @ 1234.25 --> + 3 «« paper »»

<rickf> vn andy 14:38

<Andy> thanks rickf

<codehead> it's numerology day: ER 666, ES 1234, dow 11000

<rickf> lol 14:39

<codehead> hm, nazdaw 2222

q

<Andy> its been 55 days (fib number) since mars and saturn were aligned

<codehead> hm

<rickf> the rapture must be close 14:42

<Widgetman> my dog crapped on a lizard yesterday does that count for anything ?

hehe

<Andy> only if the craps came out in fib numbers 14:43

<rickf> an angry lizard?

<ItalianSharp> lol

<Widgetman> lol

well poor little guy never saw what him him

I was gona rescue him but decided against it

<ItalianSharp> smells like late-friday dump to me

<Widgetman> I expect LOD test 14:44

close maybe

<ItalianSharp> agree

<Widgetman> we too close to 656 ER not to tap

<Mauro> Covered all ER2 Short @ 666.9 --> - 1 14:45

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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)

<startrader> Exited 1/2 NQ Long @ 1812.50 --> + 11.75

<ItalianSharp> here we go

quick dump and bulls are trapped again

i'd be surprised to see new highs in any emini 14:46

<silo> 668.62 is key

<anglo> think the low is in for a few days

<ItalianSharp> looks like this push has more chances than i thought of 14:47

<Mauro> Shorts ER2 @ 668.4 -> large size

<startrader> Exited Remainder NQ Long @ 1813 --> + 12.25 14:48

<futurible> Mauro, are you real money trading?

<silo> Long ER2 @ 669.60 -> large size «« paper »»

<Mauro> Covered all ER2 Short @ 669.4 --> - 1 14:49

<rickf> yow

<ItalianSharp> did bernie cut rates again?

<startrader> wtf, I just bought etf's big!!!! 14:50

<Widgetman> what happened ?

<Mauro> what a scape !!!! 14:51

<ItalianSharp> YM 180 pts in less than 10mins

funny thing is that we could go down just as quickly

<Mauro> plung protection team????

<startrader> this was out, the bid in everything started firming up 5 mins ago, i was on the phone with my broker and started buying

<ItalianSharp> i wouldnt be surprised to see new lows

expect ANYTHING from this market

<silo> 676.3 important area 14:52

<Trader> don't be happy too quickly 14:53

<rickf> stop running perhaps? 14:54

<anglo> pretty sure about todays bottom for 1 week at least. 14:56

may retest

<ItalianSharp> the bad thing about these monster rallies is that they always occur around 3pm, when there still is plenty of time left for markets to tank

<startrader> half glass full italia? 15:01

<ItalianSharp> this thing looks too good for buyers to buy...

<rickf> reminds me of a plane in orbit, making big sweeping turns waiting to land

i don't trust this

<startrader> sellers have left the building, trust it!

<anglo> lol 15:02

<rickf> star: will trust it, just not with my money :)

<JimL> bloombrg reprts that bernake says gse's can now use discount window

<rickf> hrm

<silo> Exited all ER2 Long @ 676.50 --> + 6.9 «« paper »»

<KN-SR> Shorts ES @ 1253 15:03

<rep1acs2> wow honestly i'm surprised to see markets breaking new highs

<KN-SR> sl 55.75

<Mauro> i am scared to hell to short

<startrader> do not short!!!!!!

<Mauro> i know, ty

<KN-SR> Covered 3/4 ES Short @ 1252 --> + 1

s.l 1

<rickf> long es 1252.25 paper

<KN-SR> hti and out

Shorts ES @ 1257 15:04

<startrader> anyone knwo what the vix hit?

<rickf> exit 1/2 57.25 +5 paper

26

<werner> wow

<KN-SR> sotu 58.25

<startrader> i have 29.44, not alway reliable though

<rickf> exit remainder es 1257.25 + 5 paper

<KN-SR> Shorts ES @ 1257.50 15:05

<werner> vn rickf

<startrader> up, up with people!!!

<rickf> thx werner

<KN-SR> s.l 59.25

brb

<Andy> vn rickf

<rickf> thx andy

<KN-SR> Covered 3/4 ES Short @ 1253.50 --> + 4 15:06

s.l 58.75 1.25

<startrader> you don't think they take out yest high? 15:07

<werner> nice kn

<KN-SR> Covered 2 ES Short @ 1249.50 --> + 8

<startrader> leaving for chicago at 4:00, checking out the new floor next week.

<rickf> short es 1249.75 paper 15:08

sm sz

<KN-SR> Covered 1 ES Short @ 1250.50 --> + 7

<startrader> Long NQ @ 1836.75

<rickf> nic ken

nice kn

<KN-SR> Covered 2 ES Short @ 1251.50 --> + 6 15:09

h3

thanks rickf

<Widgetman> you rockin KN :) 15:10

never fade KN :)

<KN-SR> add 51 15:11

thanks

Covered 3/4 ES Short @ 1249 --> + 8.5

h 3 + 2

<ItalianSharp> one piece of the puzzle is missing: dollar tanking 15:12

that's not good

<rickf> exit es 47.75 +2 paper 15:13

<rep1acs2> tanking against which currency? usd/jpy still 106.50 not too bad..

* rickf figures

<KN-SR> Covered 2 ES Short @ 1243 --> + 14.5

fill 43.50 15:14

h 3

<ItalianSharp> rep1, take a look at dollar index and eurusd

<KN-SR> Covered 1 ES Short @ 1242.50 --> + 15 15:15

h2

<werner> wow kn

<rickf> short es 1244.25 paper sm sz

<KN-SR> still think we will see 22

:)

waiting for 15 days :) 15:16

<ItalianSharp> KN, i think new lows are not out of the question here

<Widgetman> hehe 15:17

<KN-SR> not srue

we need 42.75 to break

<Widgetman> flip a coin

<KN-SR> then 39

then its anyones game 15:18

<ItalianSharp> YM back down 100 now

it was up a few mins ago

<rickf> wild ride

<KN-SR> this is stop hunt

<ItalianSharp> when the markets seemed to see some light finally

<Andy> Long ES @ 1242.5 «« paper »»

<KN-SR> alway ALWASY always ALWAYS happens

<rickf> kn - agree 100%

<KN-SR> well here what i think

<ItalianSharp> Kn, what happens ALWAYS?

<KN-SR> lets see if u agree

a BIG STOP HUNT 15:19

<ItalianSharp> you mean, short flushout?

<rickf> why not

<KN-SR> yes

<Andy> Exited 2/3 ES Long @ 1243.75 --> + 1.25 «« paper »»

<KN-SR> was expecting but this is huge :)

<rickf> lot of folks positioning themselves for this weekend after all the bad news

i mean LEH options are insane today

<ItalianSharp> yep, this stop-hunt - if true - flushed out daily shorts too

<KN-SR> we are going to see 1100 by the end of the yr

<Andy> Exited Remainder ES Long @ 1242 --> - 0.5 «« paper »» 15:20

<rickf> 6 days to expiration and way OTM puts are still holding insane premiums

exit es 1240.25 +4 paper

<KN-SR> well market manipulation is alwasy classic

u cannt have it changed

<rickf> yep 15:21

<ItalianSharp> what's scary is that there still is plenty of time left for this thing to tank hard

<KN-SR> well, thats why u play safe, manage ur trade ............. if u r in

if it flashed u out, u are lucky coz u have a better price to take the trade 15:22

<ItalianSharp> mtks look like a skinny boxer getting his ass kicked by Tyson hoping for the bell to ring earlier than 3mins

<KN-SR> :)

some ppl still trying to hold on

<silo> Long ER2 @ 673.60 -> medium size «« paper »»

<KN-SR> all we need some very bad news

somone getting divroce, some one dead.......will do the job :) 15:23

<tzar> haha

reveal bernanke's masive short position

<Andy> Long ES @ 1241.75 «« paper »» 15:25

<KN-SR> last stand to save the face from 1200

<Andy> Exited 1/2 ES Long @ 1243.25 --> + 1.5 «« paper »»

<KN-SR> nice Andy 15:26

<Andy> thanks KN

<Mauro> Shorts ER2 @ 673.5

<Andy> Exited 1/4 ES Long @ 1234.75 --> - 7 «« paper »» 15:27

<rickf> :(

<Andy> Exited 1/4 ES Long @ 1243.75 --> + 2 «« paper »»

wrong numbers :)

<KN-SR> :)

<Mauro> Covered all ER2 Short @ 672.1 --> + 1.4 15:28

<Andy> Exited Remainder ES Long @ 1242 --> + 0.25 «« paper »»

<rickf> short es 1241 paper

2 only

<silo> Exited ER2 Long @ 671.40 --> - 2.2 «« paper »»

Reverse and Enter Short ER2 @ 671.40 «« paper »»

<Andy> Long ES @ 1241.75 «« paper »» 15:29

Exited all ES Long @ 1241.5 --> - 0.25 «« paper »» 15:30

<KN-SR> another big drop we will be at 30

<rickf> exit es 1240 paper +1 15:31

not going to play here tempting as it may be

got some nice profits on the day,not risking it with stop-running

<KN-SR> weekend gap will do the rest...........on sunday night pull up.............monday morning big drop

<Trader> turkey shoot again 15:32

<KN-SR> Covered 1 ES Short @ 1237.50 --> + 20

h - Last

s.l 50.25 + 7.25 15:33

<ItalianSharp> clock ticking down but still over 30mins left to draw some panic 15:36

<KN-SR> will take the weekend

<Mauro> Shorts ER2 @ 670.2 15:37

Covered all ER2 Short @ 669.2 --> + 1

who knows why there is so high correlation between ER2 and Japanese Yen ? 15:41

<silo> Covered all ER2 Short @ 668.60 --> + 2.8 «« paper »»

<ItalianSharp> <Mauro> who knows why there is so high correlation between ER2 and Japanese Yen ? 15:53

Mauro, ever heard of the infamous "carry trade"?

<Mauro> yes

i understand but why ER2 more than ES or YM 15:54

<ItalianSharp> oh ok...that i dont know

<KN-SR> :)

<Mauro> thanks anyway 15:55

<ItalianSharp> np

<werner> good wk all 15:56

<KN-SR> Covered ES Short @ 1242.50 --> + 15 15:57

<werner> see you all on monday

<Mauro> bye

<rickf> you too

the first bank of kn-sr is doing well again :)

<KN-SR> good luck everyone............have a nice weekend...........need a big break ........... :)....seeu all on monday...........Godd trading

<rickf> yep - i'm outta here too

<ItalianSharp> night

<rickf> have a good weekend all

<ItalianSharp> outta here, have a good weekend all 16:04

<codehead> .500 of day (as in midpoint): 11096 16:10

guess where YM is sitting

?

11096

<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.htmSession Close: Sat Jul 12 12:24:14 2008 16:17

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