#FuturesTrades August 5th Tuesday 2008 Trade Log

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.
WRB Analysis	Learn More
	Session Start: Tue Aug 05 09:03:44 2008Session Ident: #futurestrades
* Now	talking in #futurestrades	09:03
<@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.htm	09:21
* Awash	is now known as Awash_hurricane	09:27
<@NihabaAshi>	Good morning all...anybody catch any of that big DAX parabolic up trend this early morning ???	09:28
<ItalianSharp>	morning all
<@NihabaAshi>	Same with FTSE100 and CAC40
* anglo	is now known as angl
<manto>	gm all	09:33
<+manto>	looks like going to run up today	09:36
<+silo>	Shorts ER2 @ 710.30 «« paper »»	09:39
<PapaJon>	gm all	09:40
<+silo>	first + positive trade live :)
<+PapaJon>	congrats silo
<+silo>	risky trade
	so will hold for longer
	and bigger move
* Awash_hurricane	is now known as Awash_afk	09:42
<+silo>	Covered ER2 Short @ 710.8 --> - 0.5 «« paper »»	09:45
	Reverse and Enter Long ER2 @ 710.8 «« paper »»
<Awash_afk>	Shorts ES @ 1259	09:46
<+silo>	Exited ER2 Long @ 710.2 --> - 0.6 «« paper »»
	Reverse and Enter Short ER2 @ 710.2 «« paper »»
<+Awash_afk>	good morning all
* Awash_afk	is now known as Awash
<+PapaJon>	gm awash	09:47
<@NihabaAshi>	Shorts ER2 @ 709.60 -> large size
<+silo>	Shorts ER2 @ 709.8 -> Add «« paper »»	09:48
<szubaark>	Shorts ES @ 1258 «« paper »»
<Splurge>	sitting on my hands here	09:49
<+manto>	report in 10	09:51
<@NihabaAshi>	Covered ER2 Short @ 710.20 --> - 0.6	09:52
<+Splurge>	market waiting for data so making a cuppa	09:54
<@NihabaAshi>	Long ER2 @ 711.30 -> large size	09:57
<+silo>	Covered ER2 Short @ 712 --> - 1.8 «« paper »»
	Reverse and Enter Long ER2 @ 712 «« paper »»
<+szubaark>	Covered all Short ES at 1261 --> - 3 «« paper »»
<@NihabaAshi>	Exited ER2 Long @ 713.50 --> + 2.2	09:59
	Holding 1 contract only
<+szubaark>	Shorts ES @ 1262.75 «« paper »»
<+manto>	vn N	10:00
<@NihabaAshi>	Exited Remainder ER2 Long @ 715.40 --> + 4.1
<+silo>	out 1 contract as well	10:02
	holding one
<+szubaark>	Covered all Short ES at 1266 --> - 3.25 «« paper »»	10:04
<+Awash>	Covered all ES Short @ 1264 --> - 5	10:05
<+szubaark>	Buys ES @ 1266 «« paper »»
<+silo>	Exited all ER2 Long @ 715.10 --> + 8.4 «« paper »»	10:15
	i actually exited half earlier	10:16
	made money back
	i think i will just concentrate on live trades
<pdays>	Shorts ER2 @ 714.8
<+silo>	posting these make it so hard to pay attention now that it's real money :)
<@NihabaAshi>	Nice trade silo
<+szubaark>	Exited all Long ES at 1264.75 --> - 1.25 «« paper »»	10:17
	Shorts ES @ 1264.75 «« paper »»
<+pdays>	Covered all ER2 Short @ 714.6 --> + 0.2	10:20
<+szubaark>	:((	10:22
	exit stop set ES @ 1267 «« paper »»	10:26
<tzar>	hi NihabaAshi	10:30
<Trader>	Niha why did you choose to trade ER2 and not any of the other emini's?	10:34
<KN-SR>	short 1265.25	10:35
* Awash	is now known as Awash_afk	10:37
<+tzar>	he likes volotility	10:43
<@NihabaAshi>	be back later	10:44
* NihabaAshi	is now known as NihabaAshi_away	10:45
* codehead_afk	is now known as codehead
<@NihabaAshi_away>	Trader...I got a few minutes before I head out the door.	10:47
<+szubaark>	Covered all Short ES at 1265.75 --> - 1 «« paper »»	10:48
<@NihabaAshi_away>	I use a volatility based method.
<+szubaark>	Buys ES @ 1265.75 «« paper »»
<@NihabaAshi_away>	Thus, the more volatile the market...the better it performs.
<+silo>	niha you coming back for the fomc move? :)
<@NihabaAshi_away>	DAX, FTSE, CAC40 and EuroFX are my favorite trading instruments and my method performs the best on them in comparison to ER2	10:49
	However, to properly trade those instruments like I did when I was single (I'm married now)...I needed to get up around 1am - 2am est to prepare trading them.
	Now that I'm married with a family (kids)...I no longer can get up that early and trade ER2 because it fits well into my personal life while offering some good volatility.	10:50
	When kids are older (less demand and more indepedent)...I'll go back to trading Eurex and Euronext.	10:51
	Bye..talk to all later.
<+Trader>	getting up in the middle of the night for the Europian session is tough. i tried that but i was a zombie next day
<+manto>	later N
	yeah that is tuff
<JimL>	Ni, do you have any experience & thoughts on er2, when & what do you think will happen when er2 goes to ICE exhg? Comm & chg in volatility/style	10:52
<+JimL>	was typing didn't see that Ni had left, I'll ask next chance. anyone else have any thoughts on my question?	10:54
<rickf>	gm again	10:57
<Andy>	gm rickf, all	11:08
<+rickf>	hi andy
<+Andy>	:)
<+szubaark>	Exited all Long ES at 1267.75 --> + 2 «« paper »»	11:19
* szubaark	is now known as szubaark_away
<+rickf>	nice
<+szubaark_away>	thnx..	11:20
<palmer>	how old is niha?	11:22
<+silo>	40s maybe	11:23
	i'm guessing
<@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	11:24
* NihabaAshi_away	is now known as NihabaAshi	11:25
* NihabaAshi	is now known as NihabaAshi_lunch	11:42
<starglazer>	Shorts ES @ 1268.5	11:45
<+starglazer>	Shorts ES @ 1269.5	11:49
<+Trader>	i would not short anything until 2PM if at all	11:51
	this could be one of those slowly creaping up days
<+rickf>	agree w/trader
<+starglazer>	we'll see double top
<+Andy>	agree; something would really have to stand out...
	but I do wish star the best	11:52
	and that we are wrong
<+rickf>	:)
<+Trader>	someone mentioned yesterday that it is very quiet here
<+rickf>	new password means fewer users i guess
<+Trader>	if you look at the number of active participants - it is constant	11:53
<Baxwill>	is Nia coming back today?	11:54
<+rickf>	@ lunch
	niha is
<+Baxwill>	ok
<+silo>	anyone got Market Profile?	11:56
<+rickf>	ok i'm out for a while - got to review some stuff before a meeting tonight. will be back closer to fed time	11:57
<+starglazer>	rectangle on 1 min.. either up big or down big	11:58
<+Andy>	Shorts ES @ 1270	11:59
<timmyb>	umm did i get this to work	12:06
<+timmyb>	did i do the sign in corectly nihabaashi	12:07
<+Andy>	Covered 3/4 ES Short @ 1268.25 --> + 1.75	12:09
	wrong
	Covered 3/4 ES Short @ 1268.75 --> + 1.25	12:10
<+starglazer>	1268 is my target
<+tzar>	71.50 is my target, long 68.50	12:11
<+Andy>	Covered Remainder ES Short @ 1269.5 --> + 0.5	12:16
<+codehead>	ES potential double top	12:24
	k, finally got thru	12:26
	YM has a wave target at 11500, and a previous top at 11498, so likely a scalp short there
<+tzar>	target reached	12:29
	and out
	+3 points	12:30
	es
<+Andy>	vn tzar	12:31
<+szubaark_away>	Shorts ES @ 1270 «« paper »»	12:36
* szubaark_away	is now known as szubaark
<+tzar>	ty andy
<+codehead>	nice tzar
<+tzar>	ty	12:37
	short 1271 and 1271.25	13:01
	pending short 71.50 71.75 72.00 72.25
	1 ct on each level
	up to 60 total	13:02
	6
	sorry
	up to six ct total
<+Andy>	prolonged low volatility, loss of interest in the upside here	13:10
<+tzar>	yes	13:11
	so far i got 3 ct	13:17
	71 71.25 71.50 avg 71.25
<+rickf>	back	13:25
<+tzar>	wb	13:29
<+rickf>	:)
<@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	13:30
<+tzar>	filled 71.75
	72 filled	13:32
	72.25 filled	13:36
	no more pending
	6 total
	avg 71.6250
	wener	13:37
<werner>	hi all
<+rickf>	hi werner
<+werner>	hi tzar, rickf	13:38
<+Andy>	hello werner
<+werner>	hi andy
<+tzar>	filled 73.85	13:44
	73.50	13:45
<+codehead>	mentioned 11500 wave target on YM--hit it on the button
<+rickf>	fyi will paper trade the afternoon today	13:56
<+tzar>	fed rate speak soon	13:59
<+starglazer>	14mins	14:01
<+tzar>	9 min ?	14:07
<+starglazer>	woot	14:13
<+rickf>	no change
	2 pct
	the'ye early
<+starglazer>	Covered all ES Short @ 1269.25 --> + 0.25	14:14
<+rickf>	1 dissent @ FOMC	14:15
	well that was anticlimactic for a change :)	14:18
<+starglazer>	damn knew it
	shoulda added
<KN-SR>	Long ES @ 1274.00	14:19
<+KN-SR>	s.l 71.25	14:20
	hit and out	14:22
	Long ES @ 1271.25
<+rickf>	short es 1270.25 paper	14:23
<+KN-SR>	s.l 69.25
	brb
<+rickf>	exit es 73.25 -3 paper	14:30
<+codehead>	oil closing on lows
<+rickf>	long es 1274.50 paper	14:42
	exit es 1277+2.5 paper	14:44
<+KN-SR>	Exited 3/4 ES Long @ 1277.25 --> + 6	14:45
	H11
	s.l 71.25 0.00
	Exited 1/4 ES Long @ 1278.25 --> + 7	14:49
	h9
<+rickf>	short es 1277 sm sz paper	14:54
<+silo>	Shorts ER2 @ 715.6 «« paper »»	15:00
<+rickf>	exit es 1276.75 +,25 paper
<+silo>	Shorts ER2 @ 715.50 -> Add «« paper »»	15:02
<+KN-SR>	Exited 1/4 ES Long @ 1276.25 --> + 5
	h7
<+silo>	hey kn	15:08
	i'm trading live today now.... forgot to turn off the paper trading option hehe
<+rickf>	congrats silo	15:10
<+silo>	picked a hell of a day to start
<+rickf>	i' was live a few weeks ago, will be live again later this week
	lol
<+silo>	oh did you stop for a few weeks?	15:11
* +rickf	went live like 2 weeks ago, but then haven't traded due to being away
<+silo>	ooh ok ;)
<+rickf>	doing paper today, prolly go live again next week
<+KN-SR>	hi silo
<+silo>	send me the files today kn?	15:12
	:D
<+KN-SR>	nop, i didnt stop.........i m on vacation...its always hard to get connected to my home pc from here
	will try
	getting dc 50 thousand times
* +rickf	confused market right now	15:14
<+rickf>	waiting for the rug to get pulled out :)
<+KN-SR>	rickf........ let us know when u r sure......we will join :)
<+rickf>	:)
	as chris rock might say, 'that's just my opinion....i could be wrong' :)	15:16
<+KN-SR>	i can narrow it down to 2	15:17
<+rickf>	me too
<+KN-SR>	it will either go up or down
<+JimL>	nq still moving slowly up, if es & er join, may get another move, volumes low for fed after notice	15:18
<+rickf>	wow....not even program trading kicking in today. definately a quiet post-fed afternoon	15:24
	short es 1276.50 paper	15:27
	exit es 76.50 +0 paper	15:30
<+KN-SR>	should have a quick and big long move	15:36
<@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
<+Trader>	KN based on what do you state that?	15:39
<+KN-SR>	Exited 1/4 ES Long @ 1279.25 --> + 8
<+silo>	Covered ER2 Short @ 717.90 --> - 2.3	15:40
* NihabaAshi_lunch	is now known as NihabaAshi
<+silo>	Reverse and Enter Long ER2 @ 717.90
<+KN-SR>	h5
	saw lots of volume coming
Trading Edge:  Strategies	If your an independent trader looking for an edge to help you traverse around obstacles to profitable trading...a method that's well defined, gives you a better understanding of the markets, applicable for day trading, position trading, swing trading, market seasonal tendencies, position size management, intermarket analysis with a money back guaranteed policy...click here.
	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)
<@NihabaAshi>	Long ER2 @ 719.00 -> small size
<+Trader>	thanks
<@NihabaAshi>	1 only
	Just got back from some tough meetings along with being stuck in some crazy traffic	15:41
<+szubaark>	why "tough"?
<@NihabaAshi>	Exited ER2 Long @ 720.40 --> + 1.4	15:43
	lots of paper work review
<+KN-SR>	Exited 1/4 ES Long @ 1281.25 --> + 10	15:44
	h4
<+rickf>	vn kn
<+KN-SR>	thanks rickf
	Exited 1/4 ES Long @ 1282.25 --> + 11	15:46
	h3
<+rickf>	trading today reminded me of important lesson about sticking to my trading style and not deviating even if you're "sure" of something -- don't jump the gun, don't be smarter than the tape, let the trade develop according to your plan	15:48
	trade where i stuck to my plan? all good wins
* +rickf	trades where i deviated? breakeven or (mostly) losses
<+KN-SR>	humm	15:49
<+szubaark>	Covered all Short ES at 1282.75 --> - 12.75 «« paper »»	15:50
	I cant trade these Creeper trend days
	get me frikin every time	15:51
<+JimL>	KN, as a follow-up to our chat discussions here about your entry/exit signals (matrix/volumes, etc) could you zero me into some dates in the thestrategylab archives when explained the platform & signals you look for? I'd like to do the research there on the areas that you mentioned you had explained b4 asking anymore questions here
<+szubaark>	Buys ES @ 1282.25 «« paper »»	15:54
	c'mon,lets go to 1290!!
<+KN-SR>	will see 97 tomorrow, i guess
	JimL.........honestly i have no idea. i talked abotu hurdreds of times	15:55
<+rickf>	my charts just went to hell, so i'm out for the day :(	15:57
	have a good one see y'all tomorrow
<+KN-SR>	take care	15:58
	Exited 1/3 ES Long @ 1283.25 --> + 12	16:00
	h2
<@NihabaAshi>	Nice
<+KN-SR>	thanks
<+tzar>	NihabaAshi!
	busy man
<@NihabaAshi>	busy at the wrong time :(	16:02
	too many festivals going on downtown where all the government offices are located...traffic is the worst I've ever seen it here.	16:03
<+tzar>	try toronto traffic downtown rush hour
<@NihabaAshi>	I drove through it once on my way to Chicago	16:04
	It's as bad as Chicago's traffic
<+tzar>	yiykes
	that mustve been a long drive
<+JimL>	Thks KN, I'm using IB Booktrader which looks similar to the Tradestation Matrix in example you posting in the forum. It has current volumes in each of the Bid & Ask $ increments (as well as total cumulative) and daily histogram of volumes moved @ each of the prices during the trading session. Is that the kind of platform basics that I need to start with?	16:05
<+Trader>	KN your last exit of 1/3 exceeds 1 as in your full entry size............ I assume you have entered at 1271.25	16:06
<+KN-SR>	Trader read the H[---]	16:07
	JimL...yes......for entry definitely	16:08
	but u will have to watch the interest rate and the market sentiments..........
<futurible>	Silo, have you closed your contracts?	16:10
<+szubaark>	Exited all Long ES at 1284 --> + 1.75 «« paper »»
<+KN-SR>	Trader........the 1/3 2/3 wont add up ...........thats why i alwasy try to leave a note of how many i m holding	16:15
<+Trader>	actually KN this does not matter. All I wanted to do is clarify things eventhough accuracy would help :-)	16:16
<+KN-SR>	I certainly do appreciate very much :)	16:17
<+Trader>	I hope you are having a good vacation KN so that when you come back you can teach us all your use of the Matrix and Vol	16:19
<+KN-SR>	s.l 72.25 ( + 1.00) TP1 90.25 ( + 18.00) TP2 (96.25 ( +25.00)	16:24
	take care all..........good trading.........its 9-30 here .......never traded this late in the evening :)	16:25
<+Trader>	gn	16:26
<+szubaark>	Niha and KN, awesome trading guys.
<+KN-SR>	thansk and gn :)	16:28
	thanks..
<+werner>	gn all	16:36
<+timmyb>	anyone left around	17:53
<@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 Session Close: Tue Aug 05 19:52:20 2008	19:45
Sponsor: Skype
Google:	#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.

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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