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#FuturesTrades August 4th Monday 2008 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+27.70	+34.10	+2076.70
$2,770	$3,410	$207,670

mini-sized Dow YM

1124am - 1127am 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.

Also, to read behind the scenes details about the trades posted below such as explanation of my position size, stop management, chart interval choice et cetera...click here.

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: Mon Aug 04 08:43:15 2008Session Ident: #FuturesTrades

* Now talking in #FuturesTrades 08:43

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

<@X> FYI - Do Not Share #FuturesTrades Password without my permission !!!

<rickf> gm niha, all

<@NihabaAshi> Good morning all...will be in and out all day doing a bunch of personal stuff at government offices. Will miss the morning trading session. 08:46

* NihabaAshi is now known as NihabaAshi_away

<drt> gm everyone 09:28

<+rickf> gm 09:29

short es 1256.75 09:32

<Awash> good morning all 09:36

<+rickf> exit es 1254.50 +2.25 paper 09:39

er not paper

<PapaJon> gm all

<+rickf> force of habit

<szubaark> Shorts ES @ 1254.25 «« paper »»

<@NihabaAshi_away> Shorts ER2 @ 713.60 -> large size

* NihabaAshi_away is now known as NihabaAshi

<@NihabaAshi> Decided to squeeze in a trade while spouse is still getting ready before we leave :) 09:40

<+szubaark> :)

<+rickf> :)

<@NihabaAshi> Covered 2/3 ER2 Short @ 710.90 --> + 2.7 09:41

<+szubaark> Covered all Short ES at 1252.25 --> + 2 «« paper »» 09:43

<+rickf> good way to start the morning szu

and niha

<+szubaark> thanx, u had better entry :)

<+rickf> thx - should have held, but i hit my target and bailed 09:44

<@NihabaAshi> Covered ER2 Short @ 709.50 --> + 4.1 09:49

Holding 1 remainder for a chance at a all day hold.

<Brutus> gm guys 09:50

<@NihabaAshi> Be back later and will post a late trade result if the trailing stop of my remainder is hit.

<+szubaark> hi Brutus

<@NihabaAshi> exit stop lowered ER2 @ 713.00

<+Brutus> http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={083d8 0cf-7b7b-40b2-89f8-c736d2208493} 09:52

<+Awash> Did ES gap lower or did we trade lower from this morning open? 09:53

* NihabaAshi is now known as NihabaAshi_away

<pat255> GM ALL

<+szubaark> no gap,just going lower

<+pat255> late &@ office

<+Awash> what's the high on the first candle? 09:54

<+szubaark> 1259.75

<Splurge> gm

<+Awash> thanks

<silo> morning guys 09:58

<+silo> had to go the bank and wire transfer to fund my account :D

<angl> gl silo

<T-stop> gm all, few probs getting in 10:00

<+szubaark> Shorts ES @ 1250.75 «« paper »» 10:04

<oneTrader> good morning 10:07

<+T-stop> gm 10:08

<+Splurge> Did you get slippage there szubaark? 10:10

<+szubaark> no slippage 10:13

Covered all Short ES at 1250.75 --> 0 «« paper »» 10:21

Buys ES @ 1251 «« paper »»

Exited all Long ES at 1251 --> 0 «« paper »» 10:28

:(( 10:29

<@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 10:30

* codehead_afk is now known as codehead 10:35

<+szubaark> Shorts ES @ 1251 «« paper »»

<+rickf> back later 10:49

<pdays> Long ER2 @ 703 10:51

<Flex> goodmorning

<+szubaark> Covered all Short ES at 1249 --> + 2 «« paper »» 11:04

<+silo> KN not here today 11:06

?

* NihabaAshi_away is now known as NihabaAshi 11:11

<@NihabaAshi> I'm back for 15mins before heading back out again...I forgot some important documents for my meeting :( 11:12

[09:49] <@NihabaAshi> Covered ER2 Short @ 709.50 --> + 4.1 11:13

[09:49] <@NihabaAshi> Holding 1 remainder for a chance at a all day hold.

[09:50] <@NihabaAshi> Be back later and will post a late trade result if the trailing stop of my remainder is hit.

Covered Remainder ER2 Short @ 700.80 --> + 12.8 11:14

<+silo> what made you hold it for this long today

eventhough at 10.45 the price went back almost 3 pts 11:15

<+szubaark> Shorts ES @ 1247.50 «« paper »»

<+Awash> Very nice NihabaAshi

<+Brutus> vn N 11:18

ES small wyckoff spring 11:19

<+oneTrader> what is a Wyckoff spring? 11:23

<+Brutus> google it 11:24

http://www.hankpruden.com/MTWyckoffSchem atics.pdf 11:26

<+oneTrader> thank I found a few references and I'll read yours 11:32

<+Brutus> np

<codehead> oil tanking 11:33

<+codehead> wow

<+szubaark> Covered all Short ES at 1250.25 --> - 2.75 «« paper »» 11:34

Buys ES @ 1250.25 «« paper »»

<+pdays> Exited all ER2 Long @ 703.5 --> + 0.5 11:35

<+Awash> Shorts ES @ 1253.75 11:40

<+szubaark> Exited all Long ES at 1253.75 --> + 3.5 «« paper »»

Shorts ES @ 1254.25 «« paper »» 11:42

<+codehead> crude under 120

<+szubaark> Covered all Short ES at 1253 --> + 1.25 «« paper »» 11:48

* NihabaAshi is now known as NihabaAshi_away 11:49

<+rickf> back 11:56

<+Brutus> 08/04/2008 12:15 DJ French Rogue Trader's Assistant Charged With Complicity 12:20

no love for traders these days :)

<Baxwill> anyone figure why Niha chose his last exit at 11:14 EST?, Really good spot 12:25

<+Awash> not sure, he came back for materials for his meeting

probably thought 12 points on ER2 was great 12:26

<+Baxwill> ah, maybe I need to go to a meeting

good or lucky 12:28

I try for lucky, since good is not available

<+Brutus> ER tends to bounce reverse of round #'s in this case 700 12:32

<@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 12:36

<+Baxwill> thks Brutus, very likely explaination

<+Brutus> yw

<+Baxwill> MP also shows the likelyhood, for same underlying reason I imagine 12:37

<+Brutus> yes on ES 12:40

<+Baxwill> on ER I see it on 7/29 as a vol MP concentration as well 12:43

prob too obscure to act on , except for the 700 round number aspect 12:44

<+silo> Shorts ER2 @ 706.10 -> large size «« paper »» 12:49

<peterpanboy> Hello and GM to everyone 13:06

<+peterpanboy> we are in lunch time,me too see ya all later... 13:07

<+silo> Covered all ER2 Short @ 703.80 --> + 2.3 «« paper »» 13:09

<+Baxwill> nice silo, no lunchtime for silo 13:15

<+silo> :D

<+szubaark> Shorts ES @ 1251.50 «« paper »» 13:21

exit stop moved to breakeven ES @ 1251.50 «« paper »» 13:24

Covered all Short ES at 1251.50 --> 0 «« paper »»

<+rickf> short es 1251.25 13:25

<+szubaark> Shorts ES @ 1251.75 «« paper »» 13:27

Covered all Short ES at 1251.75 --> 0 «« paper »» 13:30

gonna watch here..too much Chop

<+Awash> Szu, you think we can retest LOD? 13:39

<+szubaark> at LOD, there was a lot of Consolidation as we were going lower(lower lows by tick) so maybe Sellsers are done 13:40

<+rickf> exit es 1243 -1.75 13:42

<+szubaark> rick, i thought it was gonna go lower also

<+rickf> ah well :( 13:43

<+szubaark> Shorts ES @ 1253.25 «« paper »» 13:45

Covered all Short ES at 1253.25 --> 0 «« paper »» 13:47

<+Awash> Covered all ES Short @ 1253.25 --> + 0.5 13:51

<+szubaark> Shorts ES @ 1252 «« paper »» 13:55

exit stop moved to breakeven ES @ 1253.75 «« paper »» 14:00

Covered all Short ES at 1253.75 --> - 1.75 «« paper »» 14:06

* Awash is now known as Awash_afk 14:10

<+szubaark> Shorts ES @ 1253.25 «« paper »» 14:20

Covered all Short ES at 1256.25 --> - 3 «« paper »» 14:22

Buys ES @ 1256.25 «« paper »»

lets see if we blast off and make new high 14:26

<@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 14:39

<+szubaark> Exited all Long ES at 1259.25 --> + 3 «« paper »» 14:50

<+Brutus> GJ Szu 14:51

<+szubaark> thnx..

<+rickf> vn szu 14:54

* Awash_afk is now known as Awash

<+szubaark> rick, dont see you posting much today? 14:55

<+rickf> not trading much

today

also hard to type - for reasons i wont get into :( 14:56

medical

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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> yeah i felt like crap last week and it showed in my trading 15:00

next time will just take days off if not feeling 100% 15:01

<+rickf> makes sense

<+szubaark> Buys ES @ 1257.25 «« paper »» 15:08

* Splurge is now known as D 15:15

<+rickf> short es 1255.50 15:16

ops bit early

exit 1/2 es 1252.50 +3 15:23

h4

<+szubaark> nice rick 15:24

<+rickf> thx szu

<+szubaark> Exited all Long ES at 1252.25 --> - 5 «« paper »»

didnt expect this much down

<+rickf> stop moved to 1254.50

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

lets see if we TANK now 15:26

<+rickf> exit 1/2 es 1251.50 +4 15:28

h2

break 50 look out below

<+Brutus> tues 1415/1815 FOMC meeting and interest rate decision 15:29

<+rickf> fun fun fun :)

exit stop moved to 51.50 15:30

exit es remainder 51.50 +4 15:31

<+szubaark> im looking for low test

<+rickf> prolyl ready for another drop 15:34

short es 1251.50 15:36

exit es 1249.50 +2 15:41

still going down

dear self: use trailing stops in the afternoons. *facepalm* 15:43

<+szubaark> yeah.. this is nasty selling to find off the day

<+rickf> i like it -- nice, predictable wave 15:44

tho if i sick to my plan and hit my targets, that's theimportant thing

<+szubaark> i was looking for another retest of high(Double Top) why I went Long@57 15:45

<+rickf> good spot -- coin toss on the outcome, but even bet 15:46

<+szubaark> yeah.. Stop should have been -3..oh well

Covered all Short ES at 1248.25 --> + 4 «« paper »» 15:48

<+rickf> vn szu 15:50

<+szubaark> thnx

<+rickf> good way ta end the day

ok guys - have a good one, see you tomorrow 15:55

<+peterpanboy> Ok ES close on day low will see tomorrow I will trade the close bye 15:59

<+Awash> good night all 16:42

* starglazer - [ is away ] [ Reason: Activate IdleAway: 300 min ] [ Time: 14:06:08 ] [ Pager: on ] [ Log: on ] 17:06

<+starglazer> August 5, 2008 - Rate Announcement - Tues. Aug. 5th, 2:15 pm ET 17:20

<@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: Mon Aug 04 20:31:50 2008 18:51

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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

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