#FuturesTrades August 6th Wednesday 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: Wed Aug 06 06:55:48 2008Session Ident: #FuturesTrades
* Now	talking in #FuturesTrades	06:55
<@X>	[NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<+tzar>	NihabaAshi	08:09
	gm
	you are early today
<@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/FuturesTradesChatRoom.htm
<+tzar>	gm NihabaAshi
<@NihabaAshi>	Good morning tzar and all
<rickf>	gm	09:15
<Trader>	gm
<+tzar>	gm andy	09:17
<ItalianSharp>	morning all	09:23
<Andy>	gm all	09:25
<+Trader>	short es 1279.50 paper	09:26
<PapaJon>	gm all
* anglo	is now known as angl	09:29
<+Andy>	Long ES @ 1279 «« paper »»	09:30
<drt>	gm	09:31
<+Andy>	Exited 3/4 ES Long @ 1280 --> + 1 «« paper »»	09:32
<@NihabaAshi>	Long ER2 @ 718.10 -> large size	09:33
<+silo>	Long ER2 @ 718.40
<Nesi>	go silo :)
<@NihabaAshi>	:(	09:34
<+Nesi>	Shorts ER2 @ 718.60	09:35
<+Andy>	Exited Remainder ES Long @ 1281 --> + 2 «« paper »»
<szubaark>	nice andy
<@NihabaAshi>	Exited ER2 Long @ 717.60 --> - 0.5
<+Andy>	thanks szu :)
<+Nesi>	keep the stops silo
<+silo>	Exited ER2 Long @ 716.7 --> - 1.7	09:36
	Reverse and Enter Short ER2 @ 716.7
<@NihabaAshi>	My +0.1 tick trailing stop didn't activate :(
<+Nesi>	nice reversal silo
<angl>	platform niha?
<+Nesi>	Covered all ER2 Short @ 714.50 --> + 4.1	09:37
<+Trader>	tp on 1/2 @ 1278.50
<+Andy>	vn Nesi
<+Nesi>	luck :/
<@NihabaAshi>	Not a platform problem...if I don't remember setting it up...I most likely didn't set it up this morning when I open my platform
<+angl>	ok ty
	group 7 : equipment not at fault	09:38
	:)
<+Trader>	tp on 1/4 @ 1277.50
<+Nesi>	Long ER2 @ 714.20	09:39
<+Andy>	Long ES @ 1277.25 «« paper »»
<+Nesi>	hard stop 713.30 set
<@NihabaAshi>	weak support area for ER2	09:40
<+Andy>	Exited all ES Long @ 1278.25 --> + 1 «« paper »»
<+Nesi>	Exited all ER2 Long @ 714.50 --> + 0.3
<@NihabaAshi>	Long ER2 @ 714.80 -> large size	09:41
<+silo>	Covered all ER2 Short @ 714.9 --> + 2.4
<+Nesi>	great trade, silo :)
<+szubaark>	Shorts ES @ 1277.75 «« paper »»
<+Nesi>	do you feel a difference between real and sim, silo?
<+rickf>	wtg silo	09:42
<Baxwill>	gj silo
<+silo>	of course
	it's harder haha
	:D
<@NihabaAshi>	trailing stop now properly set :)
<+Baxwill>	silo makes it look easy, either way	09:43
<+Nesi>	Shorts ER2 @ 715.80
<@NihabaAshi>	Exited ER2 Long @ 715.70 --> + 0.9	09:44
<+Nesi>	Covered all ER2 Short @ 715.30 --> + 0.5
<+Andy>	Long ES @ 1278 «« paper »»	09:45
	Exited 2/3 ES Long @ 1279. --> + 1 «« paper »»
<+Nesi>	Shorts ER2 @ 716.10	09:46
<+Andy>	Exited Remainder ES Long @ 1278 --> 0 «« paper »»
<+Nesi>	Covered all ER2 Short @ 715.30 --> + 0.8	09:48
	Long ER2 @ 715.00	09:49
<+Andy>	Long ES @ 1277.5 «« paper »»
<+Nesi>	Exited all ER2 Long @ 714.50 --> - 0.5	09:50
<+Andy>	Long ES @ 1276.75 -> Add «« paper »»
<+Nesi>	Shorts ER2 @ 715.00	09:51
	Covered all ER2 Short @ 715.70 --> - 0.7	09:52
<+Andy>	Exited 3/4 ES Long @ 1277.5 --> + 0.75 «« paper »»
<@NihabaAshi>	Long ER2 @ 715.90 -> large size
<+Andy>	Exited ES Long @ 1278.25 --> + 0.75 «« paper »»
<@NihabaAshi>	geeesh :(	09:53
<+rickf>	short es 1277.50 paper	09:54
<+Andy>	Exited Remainder ES Long @ 1276.75 --> - 0.75 «« paper »»
<+silo>	Long ER2 @ 716.30	09:55
<+szubaark>	Covered all Short ES at 1278.25 --> - 0.5 «« paper »»
	Buys ES @ 1278.75 «« paper »»
<+Nesi>	Shorts ER2 @ 716.50
<+Trader>	exited last 1/4 @ 1279 paper	09:56
<@NihabaAshi>	Exited ER2 Long @ 717.00 --> + 1.1	09:57
<+rickf>	sheesh i don't like this today	09:58
<@NihabaAshi>	too bad I didn't have as many contracts (3 less) on that large size in comparison to prior large size I did earlier.
<+rickf>	exit es 79.50 -2 paper	09:59
<@NihabaAshi>	Price action got a little tricky and I dropped my contract size because of such.
<+Nesi>	Covered all ER2 Short @ 718.00 --> - 1.5
<pdays>	Long YM @ 11554	10:00
<+pdays>	Exited all YM Long @ 11560 --> + 6	10:01
<+silo>	Exited all ER2 Long @ 717.5 --> + 1.2	10:02
<@NihabaAshi>	Shorts ER2 @ 716.00 -> small size	10:04
<+silo>	Shorts ER2 @ 715.8
<@NihabaAshi>	3 only
<+szubaark>	Exited all Long ES at 1278.75 --> 0 «« paper »»
	Shorts ES @ 1278.25 «« paper »»
<@NihabaAshi>	Will not trade more than 3 contracts for the remainder of the trading day...price action making me a little nervous.	10:05
<+silo>	715 is resistance for us
<@NihabaAshi>	Covered ER2 Short @ 715.90 --> + 0.1	10:06
	Long ER2 @ 716.10 -> small size	10:09
	2 only
<+szubaark>	tough Pinball action	10:10
<@NihabaAshi>	Exited ER2 Long @ 716.10 --> 0	10:12
	Reverse and Enter Short ER2 @ 716.10
<+Nesi>	short DAX 576.50 one only	10:13
	hard stop at 580 set	10:14
<@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/FuturesTradesChatRoom.htm	10:15
<@NihabaAshi>	Covered 1/2 ER2 Short @ 714.90 --> + 1.2	10:16
	Holding 1 contract
<+szubaark>	Covered all Short ES at 1279.25 --> - 1 «« paper »»
<+Nesi>	out DAX 580
<@NihabaAshi>	Covered Remainder ER2 Short @ 715.80 --> + 0.3
<+szubaark>	Buys ES @ 1279.25 «« paper »»
<@NihabaAshi>	:(
	Will stay on the sidelines and watch for awhile	10:17
<+Nesi>	short DAX 581	10:18
<+Andy>	Long ES @ 1279.25 «« paper »»
<+silo>	Covered all ER2 Short @ 716.3 --> - 0.5	10:19
<+Nesi>	good stop
<+Andy>	Exited 1/2 ES Long @ 1280.25 --> + 1 «« paper »»
<+Nesi>	Shorts ER2 @ 716.20	10:21
<+Andy>	Exited Remainder ES Long @ 1280 --> + 0.75 «« paper »»
<+szubaark>	exit stop moved to breakeven ES @ 1279.25 «« paper »»
	Exited all Long ES at 1279.25 --> 0 «« paper »»	10:22
	Buys ES @ 1279.50 «« paper »»	10:25
<+Andy>	volume has gone kaput	10:28
<+szubaark>	should be spike soon
<+Andy>	Shorts ES @ 1279.25 «« paper »»	10:30
<+Nesi>	Shorts ER2 @ 715.80 -> Add
<+Andy>	Covered all ES Short @ 1279 --> + 0.25 «« paper »»
	trade error...intended only to cover 3/4	10:31
<+szubaark>	Exited all Long ES at 1278 --> - 1.5 «« paper »»
	Shorts ES @ 1278 «« paper »»
<+Nesi>	cover DAX 567.00
<+rickf>	short es 1277 paper	10:32
<+Nesi>	Covered all ER2 Short @ 715.00 --> + 2	10:35
<+szubaark>	Covered all Short ES at 1279.75 --> - 1.75 «« paper »»	10:37
	geezz
	Buys ES @ 1279.75 «« paper »»
<+tzar>	some price action
<+rickf>	eit es 1279 -2 paper
<+silo>	Long ER2 @ 716.60
<KN-SR>	Shorts ES @ 1279.00	10:38
<+KN-SR>	s.l 80.25
	Covered 3/4 ES Short @ 1277 --> + 2	10:40
	h7
	brb
<+szubaark>	Exited all Long ES at 1276.50 --> - 3.25 «« paper »»
	geez
<+rickf>	short es 1277 paper
<+szubaark>	Shorts ES @ 1276.50 «« paper »»
	TANK!
<+Andy>	Long ES @ 1276.5 «« paper »»
<+szubaark>	too many fakeouts in this Chop	10:41
<+rickf>	no kidding
	this might have some steam though
<+szubaark>	easy to pile up loss after loss :(
<+rickf>	i hope
	actually short from 78 not 77	10:42
<+Andy>	Exited all ES Long @ 1276 --> - 0.5 «« paper »»	10:43
<+silo>	Exited ER2 Long @ 714.4 --> - 2.2
	Reverse and Enter Short ER2 @ 714.4
<+KN-SR>	Covered 1/4 ES Short @ 1276 --> + 3	10:44
	h6
<+rickf>	exit 1/2 es 1276 +2 paper
<+Nesi>	Long ER2 @ 714.50	10:47
	Long ER2 @ 715.30 -> Add	10:50
<+rickf>	exit es 77.75 +.25 paper	10:51
	i'm heading to the gym - maybe it'll be a nicer tape when i get back.....either that or i'll go find some paint to watch dry :)
	back later
<+szubaark>	yeah too difficult to trade this..	10:52
<+KN-SR>	brb	10:58
<+Nesi>	Exited all ER2 Long @ 713.80 --> - 2.2	11:03
<+szubaark>	Covered all Short ES at 1278.50 --> - 2 «« paper »»	11:07
	Buys ES @ 1278.50 «« paper »»
<+Nesi>	Long ER2 @ 714.90	11:08
	Long ER2 @ 715.50 -> Add	11:11
	here we go probably
<@NihabaAshi>	Long ER2 @ 716.70 -> small size	11:15
	2 only
<+Nesi>	Exited 1/2 ER2 Long @ 717.30 --> + 1.8	11:16
<@NihabaAshi>	chaser after over-analysis\
<+KN-SR>	Shorts ES @ 1280.25
	s.l 1.25
<+szubaark>	Weak Resistance here
<+KN-SR>	brb	11:17
<@NihabaAshi>	Exited ER2 Long @ 717.00 --> + 0.3
	Lucky exit considering how far I chased this...poor entry
	Long ER2 @ 717.20 -> small size	11:22
	3 only
	Exited 2/3 ER2 Long @ 718.00 --> + 0.8	11:26
	Exited Remainder ER2 Long @ 718.50 --> + 1.3	11:27
	Be back later...got some distractions here at home :(	11:28
* NihabaAshi	is now known as NihabaAshi_away
<+Andy>	Shorts ES @ 1281.5 «« paper »»	11:29
<+Trader>	KN I assume you keep mental stops because price went past your S.l
<+KN-SR>	if price went pas my s.l. i m out of trade	11:32
	thats a hard stop not a mental stop
<+Andy>	Covered all ES Short @ 1282 --> - 0.5 «« paper »»	11:33
<+Trader>	thanks
<+KN-SR>	u welcoem	11:34
	come
<+Nesi>	Exited Remainder ER2 Long @ 718.80 --> + 3.9	11:40
<+KN-SR>	nice trade Nesi	11:41
<+Andy>	Shorts ES @ 1283 «« paper »»	11:44
	Covered 2/3 ES Short @ 1281.5 --> + 1.5 «« paper »»	11:46
<+szubaark>	Exited all Long ES at 1281.25 --> + 2.75 «« paper »»	11:47
<timmyb>	good morning all	11:56
<+Andy>	Covered Remainder ES Short @ 1281.25 --> + 1.75 «« paper »»	12:02
<+timmyb>	can i ask how to turn the paper thing on	12:03
<+Andy>	Shorts ES @ 1283 «« paper »»	12:08
<+timmyb>	where it says paper behind it
<+Andy>	Covered 1/2 ES Short @ 1282 --> + 1 «« paper »»	12:09
<+timmyb>	well i was long ES @ 1281.25	12:10
	paper
	how do you color it also??
* +timmyb	slaps tzar around a bit with a large trout
<+Andy>	Covered 1/4 ES Short @ 1281.50 --> + 1.5 «« paper »»	12:13
<+timmyb>	covered long ES @ 1282.00
<+Andy>	Covered Remainder ES Short @ 1281.75 --> + 1.25 «« paper »»	12:15
	Long ES @ 1281.50 «« paper »»	12:16
	Exited all ES Long @ 1281.5 --> 0 «« paper »»	12:18
<@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/FuturesTradesChatRoom.htm	12:21
<+Andy>	Shorts ES @ 1283.5 «« paper »»	12:31
	Covered 3/4 ES Short @ 1282.5 --> + 1 «« paper »»	12:32
	Covered Remainder ES Short @ 1283.25 --> + 0.25 «« paper »»	12:37
	Shorts ES @ 1285.5 «« paper »»	12:46
	Covered 1/2 ES Short @ 1284.5 --> + 1 «« paper »»	12:48
	Covered Remainder ES Short @ 1285 --> + 0.5 «« paper »»
	Long ES @ 1282.5 «« paper »»	12:55