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#FuturesTrades July 14th Monday 2008 Trade Log

Russell 2000 Emini ER2 Futures

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

Not Applicable

(on vacation)

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.

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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: Mon Jul 14 08:49:17 2008Session Ident: #futurestrades

* Now talking in #futurestrades 08:49

<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTra desChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrad es.htm

<tzar> gm Nihaba_vacation

<pat255> gm all 08:58

hmm N vacation ...;)

<rickf> gm 09:00

<Mauro> gm 09:01

<jsbach> gm

<KN-SR> Covered 1/2 ES Short @ 1254.50 --> + 2

<ripsboy> gm all... 09:13

<anglo> . 09:14

<Mauro> . 09:29

<drt> gm guys

<PapaJon> gm all 09:30

<Mauro> Shorts ER2 @ 680 09:31

<KN-SR> add 55 09:32

* subq ---market profile charts for today--- http://www.charthub.com/chart/search/mpc hart 09:33

<KN-SR> Covered 1/2 ES Short @ 1253.50 --> + 3

<Mauro> Covered 1/2 ER2 Short @ 678.5 --> + 1.5 09:34

Covered Remainder ER2 Short @ 678 --> + 2

<KN-SR> Covered 1/4 ES Short @ 1252.50 --> + 4

<Mauro> Shorts ER2 @ 679.7 09:36

Covered all ER2 Short @ 679.2 --> + 0.5 09:37

<KN-SR> Covered 2 ES Short @ 1251.50 --> + 5 09:39

<Splurge> gm

<Mauro> Long ER2 @ 677 09:40

Exited all ER2 Long @ 678 --> + 1 09:41

<anglo> [09:40] <anglo> what time is the auction results for fanniemae?

<Widgetman> VN KN

<szubaark> Shorts ES @ 1250.50 «« paper »» 09:42

<KN-SR> Covered 2 ES Short @ 1250.50 --> + 6

thanks Widgetman 09:43

Covered 2 ES Short @ 1249.50 --> + 7 09:44

h7

<rickf> nice

<KN-SR> thanks

<Widgetman> damn nice sigs KN 09:45

thx for sharing

<szubaark> Covered all Short ES at 1248.75 --> + 1.75 «« paper »»

<KN-SR> Covered 1 ES Short @ 1248.50 --> + 8 09:46

u welcome

<szubaark> nice KN

<KN-SR> thanks

<Mauro> Shorts ER2 @ 675.9 09:47

<werner> hi all

<Mauro> Covered 1/2 ER2 Short @ 674.9 --> + 1 09:48

Covered Remainder ER2 Short @ 675.2 --> + 0.7

<ItalianSharp> gm all

<KN-SR> another lower low then we will be uptrend/pullback for atleasy half an hr 09:50

be in

i guess

bbl

Covered 1 ES Short @ 1247.50 --> + 9 09:51

<Widgetman> do ya describe ya system anywhere on forums KN ?

I would like to learn more about it if I can

<silo> Shorts ER2 @ 674.40 -> medium size «« paper »» 09:52

<KN-SR> Covered 1 ES Short @ 1246.50 --> + 10

h4

<pat255> vvn kn 09:53

<KN-SR> thanks

done with 10 pt trade :) 09:54

<ripsboy> Excellent trade KN

<KN-SR> :)

thanks

<silo> target: 668.40 09:55

<KN-SR> Covered 1 ES Short @ 1243.50 --> + 13 09:57

<Mauro> Long ER2 @ 670

<KN-SR> will see 50.75 again, i guess 09:58

<anglo> gud job

<Mauro> Exited all ER2 Long @ 669.8 --> - 0.2 09:59

<KN-SR> thanks anglo 10:00

but, i am still looking for 22 :)

<anglo> ok

<silo> Covered all ER2 Short @ 668.70 --> + 5.7 «« paper »»

<Mauro> good one silo 10:01

<silo> thanks

<KN-SR> nice silo

<silo> next key area 664.60 10:02

<Mauro> we are at the beast number again :-) 666.6

<KN-SR> Covered 1 ES Short @ 1240.50 --> + 16 10:04

<szubaark> Buys ES @ 1243 «« paper »» 10:05

<ItalianSharp> creeping downtrend so far 10:06

<KN-SR> we should have some stop hunt for all late short entry 10:07

<szubaark> Exited all Long ES at 1245.25 --> + 2.25 «« paper »» 10:08

<KN-SR> nice szubaark

<szubaark> thnx 10:09

Shorts ES @ 1245.50 «« paper »» 10:21

exit stop moved to breakeven ES @ 1245.50 «« paper »» 10:22

Covered all Short ES at 1243.25 --> + 2.25 «« paper »» 10:23

<rickf> vn szu 10:30

<szubaark> thnx

Shorts ES @ 1241.75 «« paper »» 10:38

* codehead_afk is now known as codehead 10:39

<szubaark> exit stop moved to breakeven ES @ 1241.75 «« paper »»

Covered all Short ES at 1241.75 --> 0 «« paper »»

Shorts ES @ 1240 «« paper »» 10:42

Covered all Short ES at 1240 --> 0 «« paper »» 10:44

too jumpy

<ItalianSharp> key area here 10:46

<DJ> on es? 10:47

<ItalianSharp> ES must hold 1237 or else new lows become a likely scenario

<DJ> ty

<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

<Bambam-77> pos trgt is 1233 10:48

thats a 200% rtrc 10:49

<jsbach> i agree w/ 1233 10:58

<szubaark> Shorts ES @ 1243.75 «« paper »» 11:01

Covered all Short ES at 1241.75 --> + 2 «« paper »» 11:02

<dutch> how about 32 or 28? 11:21

<Bambam-77> 1233 on dec soon 11:25

<KN-SR> Covered 1 ES Short @ 1236.50 --> + 20 11:26

H - Last 11:27

S ---> 1251.50 + 5.00 11:31

T ---> 1226.50 + 30.00

take care all.... see u all tomorrow (or later if i get chance today).....and good trading

<jsbach> take care KN 11:33

<KN-SR> :) 11:35

http://www.youtube.com/watch?v=azpcO0bun Ow

since this room is so ..........

<silo> Shorts ER2 @ 665.50 «« paper »» 11:36

<KN-SR> http://www.youtube.com/watch?v=tuVHx2yH_ Kg 11:38

and another one

take care

<robert> KN - did you see my quetion in the forum? 11:39

<KN-SR> i will get there...... posting one by one ......posted a list of books

<robert> tres cool - have a good one 11:40

<silo> Shorts ER2 @ 664.30 -> Add «« paper »»

<KN-SR> :)

<silo> Covered 1/2 ER2 Short @ 665.60 --> - 1.3 «« paper »» 11:41

Covered ER2 Short @ 665.70 --> - 0.2 «« paper »»

Reverse and Enter Long ER2 @ 665.70 «« paper »» 11:42

Long ER2 @ 666 -> Add «« paper »» 11:43

Exited all ER2 Long @ 666 --> + 0.3 «« paper »» 11:47

Shorts ER2 @ 664.40 «« paper »» 11:52

sell limit to enter short ER2 @ 663.90 «« paper »» 11:53

<DJ> silo, your target to buy to close? 11:54

<silo> Shorts ER2 @ 664 -> Add «« paper »»

<KN-SR> :)

heading streight south

<silo> huh?

target to buy? 11:55

<DJ> to close short

<silo> dont know 11:56

if this one work... it will be a big profit

target... is somewhere down south

lol

<KN-SR> good luck silo

<silo> but not much resistance

<DJ> "STO and BTC"

<KN-SR> meet u there

<silo> lol

i'll be having my cajun lunch

you'll know where to find me 11:57

<KN-SR> paying of ur own this time? 11:58

<Awash> Long ES @ 1229

<KN-SR> :)

<rickf> bang....down she goes

<KN-SR> it is suppose to godown 11:59

deep down

<rickf> missed 2 entries earlier this morning - real-v-sim order fills weren't exactly the same

<tzar> http://ca.youtube.com/watch?v=sMqT7-rVWz g&feature=related

<Awash> PDL retest

<silo> oh shit... missed my exit

<KN-SR> Covered ES Short @ 1226.50 --> + 30

<silo> careless me lol

660.10 should be my exit lol

damn it

<Awash> nice KN-SR

<KN-SR> :)

thanks 12:00

done with the trade.........

as told u on friday, it had a up run and then big crash................................... story of regular minday

monday

<silo> just look at the VIX chart 12:01

very evident

tat we'll have a down day today

look at 5 min vix chart

7-11's action

we should be a bottom soon though 12:02

<KN-SR> at this moment i just need 22

:)

25.75 twice

<Bambam-77> next key lvl is 1217 12:25

<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 12:50

<codehead> i have a buy target on YM around 10980 13:06

not sure it will stop there tho 13:07

<silo> Covered all ER2 Short @ 662.90 --> + 2.1 «« paper »» 13:14

<codehead> 10988 low, got within 6 of my buy 13:15

<Awash> was 10980 Friday's low of day? 13:16

<silo> Long ER2 @ 663.30 -> large size «« paper »» 13:20

<KN-SR> 24.75 13:23

a little progress 13:24

<rickf> es ain't liking the air over 1230 it seems

<KN-SR> noting to support any long move 13:25

<rickf> yup

<KN-SR> abolutely nothing

<silo> vix chart is

also index charts making higher lows 13:26

tick chart breakout

but resistance is right above us

:(

<rickf> nice range to trade but very tenuous area

<KN-SR> its a 2 point trade 13:28

<silo> yeah

<KN-SR> its very herd to loose in a 2 point trade in this situation

<rickf> unless you're on the wrong side :)

<KN-SR> any side :) would do the job

just be close to the channel

<rickf> would love to see a breakout - preferably downside.....get some real panic in the market 13:29

<KN-SR> :)

waiting for 19 days

tell me about it

:)

<rickf> :)

<silo> Long ER2 @ 663.40 -> Add «« paper »» 13:40

<codehead> Awash: Firday low 10962 13:42

the late-day low, before squeeze was 10990

my buy target around 10980 (was trying to buy 10982) was due to a wqave target at 10981 and 1.414 fib extension at 10979 13:43

<szubaark> Shorts ES @ 1232 «« paper »» 13:44

<silo> noooo szu!!!!

dont do it

<szubaark> lol

<silo> :D

<codehead> i should have bought one a little higher

<silo> price here is the only resistance right now 13:45

this and one at around 668 or so in er2

but it hink we will get up there

:)

long term trade :)

<szubaark> Covered all Short ES at 1232.25 --> - 0.25 «« paper »» 13:46

Covered all Short ES at 1233.25 --> - 1.25 «« paper »»

Shorts ES @ 1233.50 «« paper »» 13:47

<silo> nooooooOOO

:D

<rickf> :( 13:49

<Bambam-77> res lvl is 1233 13:50

<rickf> lol was just looking @ that

<KN-SR> Shorts ES @ 1233.50

lrg 13:51

Covered 3/4 ES Short @ 1232.50 --> + 1

s.l 1.25

Covered 2 ES Short @ 1232 --> + 1.5 13:52

<szubaark> Covered all Short ES at 1231.50 --> + 2 «« paper »» 13:54

<KN-SR> Covered 2 ES Short @ 1230.00 --> + 3.5 13:56

h4 13:57

bbl

<szubaark> Buys ES @ 1232 «« paper »» 14:05

<JimL> could someone enlighten me in the KN-SR notations (lrg=, s.l 1.25, & h4) just above? 14:06

<rickf> h4 = holding 4 contrats

sl = stop loss and the points 14:07

<szubaark> exit stop moved to breakeven ES @ 1232 «« paper »»

Exited all Long ES at 1233.50 --> + 1.5 «« paper »» 14:08

<KN-SR> hit and out

Shorts ES @ 1234

s.l 1.25

sm

<rickf> higher highs but they're not by much 14:09

<KN-SR> Covered 1/2 ES Short @ 1233.00 --> + 1

once sl is covered, there is not much to care :) 14:10

let it go whereever it wants to go...........

crazy price action

waiting for aunt for 2 and half hrs, noting is going right today 14:11

<szubaark> Shorts ES @ 1233.50 «« paper »»

exit stop set ES @ 1235 «« paper »» 14:13

exit stop moved to breakeven ES @ 1233.50 «« paper »» 14:14

<KN-SR> Covered 1 ES Short @ 1231 --> + 3 14:15

h3

<szubaark> Covered all Short ES at 1231.50 --> + 2 «« paper »» 14:16

<KN-SR> Shorts ES @ 1234.50 14:35

<szubaark> creeper stair climb tick by tick 14:37

<KN-SR> Covered 3/4 ES Short @ 1233.50 --> + 1

Covered 2 ES Short @ 1233.00 --> + 1.5

h 3 + 3 14:38

<szubaark> Shorts ES @ 1233.25 «« paper »» 14:40

Volatility spike 14:41

<KN-SR> Covered 2 ES Short @ 1231.50 --> + 3

<szubaark> exit stop moved to breakeven ES @ 1233.25 «« paper »» 14:43

getting jumpy again

<robert> options expiration week

<KN-SR> well only going down :)

Covered 1 ES Short @ 1231.00 --> + 3.5 14:44

<szubaark> Covered all Short ES at 1229.50 --> + 3.75 «« paper »» 14:46

<KN-SR> Covered 1 ES Short @ 1228.50 --> + 6 14:47

Covered 1 ES Short @ 1229.50 --> + 5 14:48

H - Last

<szubaark> Magnifico

<KN-SR> :) 14:49

<futurible> sensacional,KN_SR

<KN-SR> thanks 14:50

<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 14:56

<KN-SR> tomorrow we are going all the way south 15:01

we are kind of done with all the pullback and all the stop hunts, i guess

<rickf> short es 1329 15:06

exit es 1226.50 +3.5

not paper 15:07

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Trading Strategies ->   Strategies used by NihabaAshi, from entry to exit, exploit inefficiencies in the price action for profits of the following trading instruments via WRB Analysis and Intermarket Analysis: Emini Index Futures (EMD, ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Index Derivatives (DAX, ESTX50), Euronext Index Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Energy Futures (CL, NG, HO, QM), COMEX Metals Futures (GC), Forex Currencies (EurUsd, EurYen, UsdCdn), Exchange Traded Funds (DIA, GLD, OIH, IWM, QQQQ, SPY, XLE) and Hang Seng Index Futures (HSI)

<KN-SR> nice rickf

<rickf> thx

<werner> vn rickf...gn all 15:10

<rickf> gn all

i am off for the day as well

later all

<Awash> lets see if we close off these lows 15:22

<KN-SR> Shorts ES @ 1234

add

<ItalianSharp> WTF????

<KN-SR> Covered 3/4 ES Short @ 1233 --> + 1

s.l 35.25 15:23

<ItalianSharp> bernie cut rates again???

<KN-SR> Shorts ES @ 1234.50

add

Covered 3/4 ES Short @ 1232.50 --> + 2

h 7

+ 1

<DJ> vn

<KN-SR> thanks

<DJ> quick 15:24

<KN-SR> Covered 2 ES Short @ 1231.50 --> + 3

last try :)

Shorts ES @ 1235.50 15:26

huge vol

lrg

Covered 3/4 ES Short @ 1233.50 --> + 2

Covered 2 ES Short @ 1234.50 --> + 1

h7 15:27

Covered 2 ES Short @ 1232.50 --> + 3 15:29

s.l 1.25 15:30

<ItalianSharp> can anyone associate that big spike with anything? any news, rumors?

it cant be a fat finger, can it?

<Splurge> apparently KN dropped his wallet and they all thought China had an earthquake 15:31

<Awash> Italian sharp, this area is key support 15:32

<KN-SR> Shorts ES @ 1238

<ItalianSharp> awash, no way support generates such a spike, especially in a bear market

<Awash> there hasn't been much aggressive selling near the lows to push us lower

<ItalianSharp> look at this volatility, it gotta be news related

<KN-SR> sl. 1.25 15:33

<ItalianSharp> we had a similar spike on friday

<KN-SR> sm

<Awash> sure that happens

<ItalianSharp> and it was associated to bernie-paulson

<Awash> late day rallies

<KN-SR> one loss i m done trading today

Covered 3/4 ES Short @ 1236.50 --> + 1.5

well, may be the next trade

h3

Shorts ES @ 1238.50 15:38

add

sm

Covered 3/4 ES Short @ 1236.50 --> + 2 15:39

h6

<DJ> vn

<KN-SR> thanks 15:40

Covered 2 ES Short @ 1234.50 --> + 4

Covered 1 ES Short @ 1233.00 --> + 5.5 15:41

Covered 1 ES Short @ 1233.50 --> + 5

h2

s.l .25

<codehead> YM got within a tick of .500 retracement 15:44

bounce back to green

<KN-SR> Covered 1 ES Short @ 1229 --> + 9.5 15:56

H- Last

<DJ> gn 15:58

<KN-SR> Covered ES Short @ 1228.50 --> + 10 16:02

done and out 16:03

take care all

hopefully we will see 22 in globex session

<X> #FuturesTrades Info -> No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended without their permission. More info at www.thestrategylab.com/FuturesTradesChat Room.htm 16:59

* DisconnectedSession Close: Mon Jul 14 22:26:48 2008 22:26

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In addition, below are the trading instruments our chat room members monitor closely to make trade decisions:

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

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