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#FuturesTrades July 30th Wednesday 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.

   
  #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 30 06:37:15 2008Session Ident: #FuturesTrades
* Now talking in #FuturesTrades06:37
<@X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm

#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.htm08:02
<+tzar> gm09:12
short 1270.7509:16
<Awash> good morning all, got stopped overnight but will post trade at 9:00 CST09:17
* Awash is now known as Awash_afk
<ItalianSharp> gm09:24
<+tzar> gm]
short 6514.5 dax09:31
<Trader> GM09:34
<drt> gm
* anglo is now known as angl09:38
<szubaark>  Buys ES @ 1273.25 «« paper »» 09:55
<+szubaark>  Exited all Long ES at 1273.25 --> 0 «« paper »» 09:58

Shorts ES @ 1273.25 «« paper »»
<+silo>  Shorts ER2 @ 720 «« paper »» 09:59
intuition
<DJ> Broke fib line on my chart
* Awash_afk is now known as Awash10:00
<+Awash> good morning all
<+szubaark> gm
<+DJ> gm
<+Trader> gm
<futurible> gm
<+DJ> Stoch cross on ER
dow broke a century mark today10:01
"500"
<+Awash>  STOPPED on ESU8 Short at 1265, -17.50

Flat on all contracts
<+szubaark>  Covered all Short ES at 1273.25 --> 0 «« paper »» 10:02
Buys ES @ 1273.25 «« paper »»
<+DJ> Er higher high
<+silo>  Covered all ER2 Short @ 720.60 --> - 0.6 «« paper »»
<mikee> http://charts.dacharts.com/2008-07-10/12 .png10:05
<+mikee> [08:52] <mikee> http://charts.dacharts.com/2008-07-10/13 .png10:06
[08:53] <mikee> it's bigger time frame, next target (if break) is 1281.75
http://charts.dacharts.com/2008-07-10/16 .png
<@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.htm10:08
<+szubaark> Volatility contracting,expecting Volatility spike soon
<+silo> http://parrots4parties.com/pirate%20jack smller.jpg10:09

that's szu on the left :)

niha on the right :

:D
<+szubaark> what? im the parrot?10:10
<+silo> yeah... 'cuz you're starting to sound like niha :D

ahaha
<+tzar> heya szu silo10:11
<+szubaark>  Exited all Long ES at 1274.50 --> + 1.25 «« paper »»
<+silo>  Long ER2 @ 721.70 «« paper »» 10:15
* mikee is now known as mikee-away10:16
<+szubaark>  Buys ES @ 1278 «« paper »»
<+silo>  Exited all ER2 Long @ 721.20 --> - 0.5 «« paper »» 10:19

tricky morning action for er2 hehe10:25

good thing i only ost 1.1 pts

i considered that lucky hehe10:26

Shorts ER2 @ 721 -> large size «« paper »» 10:31
<+szubaark>  Exited all Long ES at 1278 --> 0 «« paper »»
Buys ES @ 1279 «« paper »» 10:33
Volatility contracting more
im looking for this thing to creep higher until lunch10:37
* Awash is now known as Awash_afk10:38
<+silo>  Shorts ER2 @ 719.80 -> Add «« paper »» 10:41
<werner> gm all10:45
<+szubaark> hi werner10:46
<+werner> hi szu10:47
<+silo> szu's name is now Lago... the parrot on Jafar's shoulder in The Aladin10:50
* subq --market profile charts in case you missed them-- http://www.charthub.com/chart/search/mpc hart11:10
* codehead_afk is now known as codehead11:15
<@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.htm12:11
<+silo> szu12:13
look at $tick
it's been going nlower and lower
and just crossed zero
<JimL> I use it like tachometer with $add as my trend-speedometer12:16
<+silo> yes12:17
add is very good
tradestation user? :)
Covered all ER2 Short @ 716.80 --> + 7.2 «« paper »» 12:18
<+szubaark>  Exited all Long ES at 1271 --> - 8 «« paper »» 12:19

:((

Shorts ES @ 1271 «« paper »»

TANK!!12:20
<+silo> reached profit target for the day12:21
<+szubaark>  Covered all Short ES at 1272 --> - 1 «« paper »» 12:23

Buys ES @ 1272 «« paper »»

deep frikin pullback
<+JimL> Sorry Silo, If that was a question for me, I was on conf call & trying to manage current Er2 short trade. I use eSignal.12:29
<+szubaark>  Exited all Long ES at 1270.50 --> - 1.5 «« paper »» 12:34

Shorts ES @ 1270.50 «« paper »»

TANK!!

weird frikin Price Action again12:35
<+JimL> clear sailing dwn to yestdy close12:38
er2
<+szubaark> yup, but disquised by Strong opening which fooled me on Longs

extremely difficult Price Action everyday if you not in on it12:39
<+silo>  Shorts ER2 @ 714 -> small size «« paper »»
greedy trade
:)
  
Trading Edge: 

Strategies

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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) 
  
<+szubaark> what happaned to yersturday's strong uptrend and today's Strong Opening? we down now? bastids12:40
<+JimL> very tough trading this wk 'cuz very sm pullbks12:41
<+szubaark> i got greedy Target on this Short.. need my points back

Jim, just rigged Price Action all week.. cant use any technicals12:42

but thats the nature of this beast.. too tough
<+silo> resistance coming soon12:43
i'm getting out
Covered all ER2 Short @ 712.70 --> + 1.3 «« paper »»
+7.4 total for the day so far :)
711.4 is resistance for er212:44
expect some sort of bounce coming soon
<+szubaark> no bounce, they killing all Longs!12:45
<+DJ> Silo, can u help me understand the 711.412:46
I watch ER with you daily
<+silo> that's just the POC from yesterday

the area where price traded at the most
<+DJ> OK, TY
so, then a likely active level?
<+silo> also it's the bottom of my fib. bands

a likely reversal

in price
<+DJ> TY
<+silo> i just use it as something to help me get out of a trade12:47
<+DJ> Your lower FIB is pointed back to?
<+silo> the fib BANDS work well for that

no fib levels

fib bands :)
<+DJ> OH12:48
OK
<+JimL> I'm targeting 710 as last lwr pivot low
<+DJ> I don't think I have that drawing tool
is that like a GANN fan?
OH, I have FIB FAN tool12:49
Jim, appears to be seeking that level
<+JimL> 711.10 2.618 from 722.10 top & 710.90 focus/pivot12:52
<+DJ> TY12:53
anyone here use Oscillators?12:57
STOCH?
or just ranges and price action?12:58
<+silo> nah... that's a programmed tool12:59
<+szubaark>  Covered all Short ES at 1267.75 --> + 2.75 «« paper »»
<+silo> szu... how many trades have you placed today
<+szubaark> as many as i need to be hopefully positive for day13:00
<+silo> ahahahaa

:D
<+szubaark>  Shorts ES @ 1267.25 «« paper »» 13:01
<+JimL> seems t/b related to oil rise13:06

708.1 target (3.333 expansion from 722.10 top & 717.9 focus/pt)13:09
<+szubaark>  exit stop moved to breakeven ES @ 1267.25 «« paper »»
Covered all Short ES at 1267.25 --> 0 «« paper »» 13:14
Shorts ES @ 1267.50 «« paper »» 13:19
<+Trader> hey guys watch out for GEOTRADER. seems to be a scammer13:47

[13:43] <Geotrader> Hello, do you need Professional futures trader?13:49
<+szubaark> ]lol13:50
<Trader> i hope you saw what GEOTRADER tried to do before I was disconnected13:52
<+Trader> [13:43] <Geotrader> Hello, do you need Professional futures trader?13:53
<Trader> have to leave for a while13:55
<+JimL> GEOTrader has left the building...14:01
<+szubaark> Weak SUpport area14:07
<+silo> you still trading?14:10
i'm so tired from morning's action already
<@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.htm14:17
<+szubaark>  Covered all Short ES at 1273 --> - 5.5 «« paper »» 14:45
Buys ES @ 1273 «« paper »»
lets see if we retest highs14:56
<+DJ> Chop15:04
<+szubaark>  Exited all Long ES at 1271.75 --> - 1.25 «« paper »»
Shorts ES @ 1271.75 «« paper »»
just spiking ticks ripping Stops15:08
NQ wants more blood15:10
* Awash1 is now known as Awash15:12
<+szubaark>  Covered all Short ES at 1271.75 --> 0 «« paper »» 15:18
Buys ES @ 1271.75 «« paper »»
<+DJ> SZU< you are active today15:20

this chop keeps me just watching
<+szubaark> im looking for re-test of highs 1280+
<+DJ> me 215:21

if it breaks 1274

triple top in that region today
<+szubaark> just want to make sure im onboard when they explode when you least expect it :))
<+DJ> right on
<+szubaark>  exit stop lowered ES @ 1271.75 «« paper »» 15:22
this should do it as we had nice 2 fakeouts to upside then down
<+DJ> cmon!15:24

looks like a stall15:25
<+szubaark> should go,
<+DJ> stop at 127415:26

target 1277

out 127715:29

+3

could run to 1280

vol spiked at 12:30 PST15:30

there you are15:31

SZU, worth the wait

I was getting tired of waitig
<+szubaark> we going higher
<+DJ> i took the scalp
<+szubaark> 1285 possible before close15:32
<+DJ> trigger happy :)
<+szubaark> i need the points,getting Greedy
<+DJ> right on
<+szubaark> took some careless trades early on
<+DJ> consolidating?15:34

big contracts waiting at 1280

selling pressure

now 128115:35
<+szubaark> Stops above 1281, we shou,d get a nice spike to upside there
<+DJ> watching by your side

rooting for it
<+JimL> er2 & nq lagging behind es on this move15:37
<+DJ> my auto trader at TS signaled a short at 722.4015:38

second short signal just now

I don't trust it but it gives me some signals and pops up an audio alert15:39

I am trying to trade on Price Action

and ranges

very tight stops
<+szubaark> yes, indicators are worthless
<Awash> price has really helped me tremendously15:40
<+DJ> Awash, I did go to the CBOT15:41
and watched Video
got busy yest
<+Awash> that gotcha trade showed up today. Do you see it?
<+DJ> I missed it15:42
I have to watch video again
got interrupted five times
I like the H trade
<+Awash> you're going to have to eliminate the distractions
<+DJ> that pattern will be easy to spot
Yes, I get phone calls
I'm a singer
we have a gig coming up15:43
<+Awash> it's costing you too much money

oh

okay

understood
<+DJ> trying to work the song set
they keep call
calling me
I need a quiet space
<+Awash> i make that mandatory in my trading
<+DJ> unplug the phone.. ;)15:44
<+Awash> phone and email mostly
<+DJ> y
<+Awash> lunch at desk if possible
<+DJ> ES price action going good now
<+Awash> going up!
<+JimL> If you can't focus, you'll be singing the blues, permanently
<+Awash> :-)15:45
<+JimL> :-) ;-)
<+szubaark>  Exited all Long ES at 1282.75 --> + 11 «« paper »»
<+Awash> Super nice Szu, you caught the swing15:46
<+DJ> vN
<+Awash> Did you buy the pullback after we bounced from the low?15:47
<szubaark_away> got disconnected
<+DJ> BYE CY tomorrow
<+werner> gn all15:51
<@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

#FuturesTrades modes...Session Close: Thu Jul 31 00:00:00 2008

16:20
  
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#FuturesTrades past logs can be searched via using Google. For example, pretend you want to research what has been said about volatility analysis. Go to the Google search window below and type in "volatility analysis" site:thestrategylab.com (exactly as I typed it including the quotation marks) and you will find everything associated with those key words that were used by any member of  #FuturesTrades.

  

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We are proud to say that our chat room members are from the following geographical areas in the world:

Argentina, Australia, Belgium, Brazil, Canada, Denmark, France, Germany, Greece, Hong Kong (China), Israel, Italy, Japan, Mexico, Portugal, Puerto Rico (U.S.), Saudi Arabia, Singapore, Spain, United States and Venezuela.

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

CME Emini Futures EMD, ER2, ES and NQ   

CBOT mini-sized Dow Futures YM

Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50

Eurex Fixed Income Derivatives BUND, BOBL and Schatz

Euronext Futures FTSE-100 and CAC-40

CME Futures EuroFX EC

Treasury Futures T-Notes ZN, ZF and T-Bonds ZB

Forex Currencies EurUsd, EurYen and UsdCdn

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

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

COMEX Metals Gold GC and ZG

Hang Seng Index Futures HSI

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

Don't hesitate to ask your questions and we'll reply back as soon as possible.

Sincerely,

M.A. Perry and Associates

TheStrategyLab.com

 questions@thestrategylab.com

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