#FuturesTrades trade log for traders - CBOT, CME, ICE, EUREX, EURONEXT, NYMEX, COMEX and FOREX

August Trade Log

Trade Strategies

WRB Analysis Tutorials

Music While Trading

Testimonials

Disclaimer

#FuturesTrades August 7th Thursday 2008 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+0.00	+63.70	+2106.30
$0	$6,370	$210,630

Gold Index XAU

1000am - 1002am est

No Trades

"personal appointments today"

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.

WRB Analysis

Learn More

Session Start: Thu Aug 07 07:18:13 2008Session Ident: #futurestrades

* Now talking in #futurestrades 07:18

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

* NihabaAshi is now known as NihabaAshi_away 07:29

* anglo is now known as angl 08:25

<@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 http://www.thestrategylab.com/FuturesTradesChatRoom.htm
09:09

<Andy> gm all 09:24

<+Andy> [15:20] <Andy> Shorts ES @ 1290 «« paper »» 09:25

[15:50] <Andy> holding remainder of short until tomorrow, unless taken out at 129100...gn all 09:26

<szubaark> nice

<+Andy> :)

thanks szu

my guess is that the mortgage numbers will be the tool to drive the market down further 09:27

although no one could possibly be surprised that they are likely to be bad 09:28

<drt> gm all 09:30

<futurible> gm all 09:31

<Splurge> lo all

<+Andy> Covered 2/3 ES Short @ 1278.75 --> + 11.25 «« paper »»

<+szubaark> Shorts ES @ 1277 «« paper »» 09:34

<silo> high probability that the market will keep going down

<+szubaark> silo, you SHort now?

<+silo> no 09:35

too risky now

<PapaJon> gm all

<+szubaark> risky? we keep tanking 09:36

<+silo> because you're the best

<ItalianSharp> gm 09:37

<+szubaark> Covered all Short ES at 1273 --> + 4 «« paper »»

<+silo> risky because it's down so fast and hard already.... and when it comes to er2... i dont want to get caught in the fast bounce

<+Andy> Covered Remainder ES Short @ 1274 --> + 16 «« paper »» 09:38

<+PapaJon> gm all 09:39

<+Andy> gm PJ 09:40

<+silo> expecting bounce soon

<Baxwill> Andy, perfect theory, screwed by just a small issue 09:41

<+Baxwill> Your all day short, that is

<+Andy> I'm here to learn, teacher...

<+Baxwill> I had same idea, just didn't get up for 5:30 peak 09:42

<+silo> er2 long 718.60 09:44

hmmm weird

out 09:45

that's weird i seem to have lost the posting script

long again 09:49

719

reversed 09:58

<+szubaark> 10 am news in 2 minutes

silo, reversed again? 10:00

<+silo> reversed 10:03

<+szubaark> so u went Long,SHort, and now Long again?

<+Andy> Shorts ES @ 1280.75 «« paper »» 10:07

Covered 2/3 ES Short @ 1279.75 --> + 1 «« paper »» 10:09

Covered 1/4 ES Short @ 1279.25 --> + 1.5 «« paper »» 10:11

h1

Covered Remainder ES Short @ 1278.25 --> + 2.5 «« paper »» 10:14

Shorts ES @ 1281.5 «« paper »» 10:19

Covered all ES Short @ 1282 --> - 0.5 «« paper »» 10:20

hmmmm 10:21

<+szubaark> Shorts ES @ 1280.75 «« paper »» 10:25

exit stop moved to breakeven ES @ 1280.75 «« paper »» 10:28

Covered all Short ES at 1280.75 --> 0 «« paper »» 10:34

Buys ES @ 1281.50 «« paper »» 10:36

<+silo> tough morning again 10:40

<+szubaark> lots of Chop Zones after every spike

<+silo> dax going opposite of the other indexes 10:41

i'm gonna sit on the sideline for a bit

<manto> cant be bearish on ES ...

<+manto> buy lows ..

<+szubaark> looks like they want to close Gap 10:42

<+manto> yes

<+Andy> Shorts ES @ 1279.75 «« paper »» 10:57

Shorts ES @ 1280.25 -> Add «« paper »» 11:00

Covered 3/4 ES Short @ 1279.5 --> + 0.75 «« paper »» 11:04

Covered Remainder ES Short @ 1279 --> + 0.75 «« paper »» 11:05

Shorts ES @ 1279.75 «« paper »» 11:10

Covered all ES Short @ 1280.5 --> - 0.75 «« paper »» 11:11

<@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 http://www.thestrategylab.com/FuturesTradesChatRoom.htm
11:15

<+szubaark> Expecting Volatility spike since this 1hour Brutal Chop 11:16

<+manto> hmmm N not here today? 11:19

<+Andy> Long ES @ 1278.25 «« paper »»

<+manto> back to vacation ...:) lol

<+Andy> Long ES @ 1277.75 -> Add «« paper »» 11:20

Exited all ES Long @ 1277.75 --> - 0.5 «« paper »» 11:23

<+szubaark> just floor whacking Stops 11:25

<KN-SR> Long ES @ 1277 11:44

<+szubaark> hi kn

still waiting for gap close :))

<+KN-SR> hi szubaark

no idea

i just have a laptop and dont have any chart open 11:45

s.l .75

<+manto> hi kn

<+KN-SR> hi manto 11:46

Exited 3/4 ES Long @ 1279 --> + 2 11:49

sl .25 11:50

h 7

brb

<+szubaark> we should slowly start re-testing day High, inching Tick by Tick Higher 11:53

* szubaark is now known as szubaark_away

<+KN-SR> Long ES @ 1276.75 11:59

sl .75

brb 12:00

<+Andy> Long ES @ 1275.75 «« paper »» 12:01

Long ES @ 1275.25 -> Add «« paper »» 12:03

* codehead_afk is now known as codehead 12:09

<+Andy> Exited 2/3 ES Long @ 1267.75 --> - 7.5 «« paper »» 12:14

error

Exited 2/3 ES Long @ 1276.75 --> + 1 «« paper »» 12:15

Exited 1/3 ES Long @ 1277.75 --> + 2 «« paper »» 12:18

h2

<Trader> KN what time frame r u using for your entries? 12:34

<+Andy> Exited 1/3 ES Long @ 1279 --> + 3.25 «« paper »» 12:35

h1 12:36

<+KN-SR> Trader..... I dont use any TF for entries and NOW having all kind of trouble trading with laptop 12:37

cannt wait to go back home

bbl 12:38

<JimL> Hi KN are you just trading off the Matrix? 12:39

<werner> hi all 12:42

<+Andy> Exited Remainder ES Long @ 1280.5 --> + 4.75 «« paper »» 12:43

<+KN-SR> nice trade

<+Andy> Shorts ES @ 1280.75 «« paper »» 12:44

:)_

Covered 2/3 ES Short @ 1297.75 --> - 17 «« paper »» 12:45

geez, wrong

Covered 2/3 ES Short @ 1279.75 --> + 1 «« paper »»

h1 12:46

Covered Remainder ES Short @ 1280.75 --> 0 «« paper »» 12:47

* szubaark_away is now known as szubaark 12:48

<+szubaark> [11:53] > we should slowly start re-testing day High, inching Tick by Tick Higher

now, Gap close likely on ES 12:49

<+Andy> Shorts ES @ 1282.25 «« paper »»

Covered 1/2 ES Short @ 1281.25 --> + 1 «« paper »» 12:51

Covered 1/4 ES Short @ 1281 --> + 1.25 «« paper »» 12:55

Covered Remainder ES Short @ 1281.75 --> + 0.5 «« paper »» 12:56

<+silo> 2 contracts short 722.90 13:03

<+szubaark> where is yur Stop? 13:11

<+silo> anyone know where to get the script to display trades for this room? 13:12

for some reason i lost mine

<+werner> http://thestrategylab.com/forum/index.ph p?topic=32.0 13:13

<+silo> thanks 13:14

<+werner> yw

<@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 http://www.thestrategylab.com/FuturesTradesChatRoom.htm
13:21

<+Andy> Long ES @ 1280.25 «« paper »» 13:38

<peterpanboy> good aftenoon to all 13:42

<+Andy> Exited all ES Long @ 1280.75 --> + 0.5 «« paper »» 13:44

Long ES @ 1280 «« paper »» 13:49

Exited all ES Long @ 1279.75 --> - 0.25 «« paper »» 13:54

<+szubaark> maybe one more spike to 1278 before heading higher

<+silo> indexes making lower highers

<+szubaark> its just probing for Stops 13:58

<+silo> where are you long from?

<+szubaark> 1281.50

Ive been Long since around 10:30.. too much chop 13:59

<+silo> k

<+peterpanboy> reach 1278 ES I saw many volume traded here 14:00

<+szubaark> they got more Stops here

1277 should bounce IF not im Reversing Short 14:01

<+Andy> Long ES @ 12770 «« paper »» 14:06

Long ES @ 1276.75 -> Add «« paper »» 14:07

Exited 1/2 ES Long @ 1278 --> + 1.25 «« paper »» 14:08

Exited Remainder ES Long @ 1277 --> - 11493 «« paper »» 14:10

?

0

ah...my entry shows 12770 14:12

Long ES @ 1277.5 «« paper »» 14:14

<+szubaark> nice Scalps Andy 14:15

<+Andy> thanks szu...so little volume...price can be pushed around so easily...feel a little gun shy 14:16

<+szubaark> yeah, Tight 6 Point Range..

Every level is scalped tick got tick

got=for 14:17

* fseitun is now known as ItalianSharp 14:20

<+szubaark> testing and re-teasting and testing again this 1276 :)) 14:22

<+Andy> Long ES @ 1277 -> Add «« paper »»

I think I am reaching in a dead market 14:23

<+szubaark> this market has been Dead since last month

<Nesi> Shorts ER2 @ 7201.00 14:24

<+Nesi> Shorts ER2 @ 721.00

<+szubaark> ES still hasnt closed its Gap 14:25

<+silo> Long ER2 @ 721.4 «« paper »» 14:27

<+szubaark> Should get a spike soon, then Chop again for hours LOL

<+silo> not paper

<+Andy> Exited 2/3 ES Long @ 1278 --> + 1 «« paper »»

h3 stop 76.5 14:28

Exited Remainder ES Long @ 1276.5 --> - 1 «« paper »» 14:29

<+silo> Exited all ER2 Long @ 720.40 --> - 1 «« paper »»

<+werner> bad wether here....must shut pc off ... later all 14:37

<+szubaark> Exited all Long ES at 1274.50 --> - 7 «« paper »» 14:45

Shorts ES @ 1274.50 «« paper »» 14:46

TANK!!

<+Nesi> Covered all ER2 Short @ 718.00 --> + 7

that is 4 , not seven 14:47

<+manto> vn

<+Nesi> i mean 3

geez

<+silo> Shorts ER2 @ 717.70 «« paper »» 14:48

<+szubaark> still no direction, hopefully it dies here 14:49

<+silo> chase

:)

<+Nesi> Shorts ER2 @ 718.10. 14:50

<+Andy> Long ES @ 1274.5 «« paper »» 14:51

<+silo> using 718.90 as protective stop 14:52

<+Andy> Long ES @ 1274 -> Add «« paper »» 14:53

<+Nesi> Shorts ER2 @ 718.30 -> Add

<+Andy> Exited 2/3 ES Long @ 1275.25 --> + 1.25 «« paper »» 14:54

h3 stop 74.25 14:55

Exited Remainder ES Long @ 1274.75 --> + 0.25 «« paper »» 14:57

<+szubaark> gonna Hold this SHort, need the frikin Points 14:59

<+silo> Shorts ER2 @ 717.60 -> Add «« paper »» 15:00

<+Andy> Long ES @ 1272.25 «« paper »»

Exited all ES Long @ 1273.5 --> + 1.25 «« paper »» 15:01

error...only meant to cover 2/3rds

but I guess that turned out alright 15:02

<+Nesi> Covered all ER2 Short @ 717.00 --> + 718.10. - 717.00 + 1.3

<+Andy> Long ES @ 1272.25 «« paper »»

Exited all ES Long @ 1270.25 --> - 2 «« paper »» 15:04

<+szubaark> hehe Andy,trying to pick Bottoms :)

<+Andy> yes...and we all know how successful that is :) 15:05

<+szubaark> picking bottoms leaves you with smelly fingers

<+Andy> the bottom is exactly here...for the next thirty seconds 15:06

<+KN-SR> :)

well Andy, if it goes this way, u will definitely see the bottom :)

<+Andy> the bottom of my account, you mean?

<+KN-SR> we may see both

:)

<+manto> lol 15:07

<+Andy> see? we were right at the bottom...the fact that I could not pick it is irrelevant...except if you wanted to make money :) 15:10

and who would want to do that? 15:11

<+KN-SR> :) 15:13

u r doing a great favour to ur fellow traders.............

should touch 67 15:14

<+Andy> For my shareware services...I have a Pay Pal account that I invite you all to contribute to 15:16

<+KN-SR> whats the passwrod Andy, I really want to make sure that my contribution is really in THERE ........... :) 15:17

1276.25 should be the next high

<+Andy> I'm working on the account...should have password soon 15:18

<+KN-SR> lets get it done together.......... use ur bank account and my email

<+Andy> this gentleman from Nigeria says he has several million dollars, but he just needs someone to handle the banking transaction...and it will only cost me $10,000...I think it sounds like a pretty remarkable deal 15:20

I wonder how he got my email 15:21

<+KN-SR> ask him to make a contribution first 15:22

<+manto> stay away from them ...no matter what 15:23

<+KN-SR> comon............they are our nigerian brother...........:)

brotherly love, may get tough 15:24

<+manto> nah ..be very careful ...

<+KN-SR> manto......we are just kidding........if u are trading u r already in the biggest fraud market.........:) 15:25

<+manto> v true kn ....but nigerians are something else ... 15:27

i know folks ahere are very smart but some fall for their scams ...

<@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 http://www.thestrategylab.com/FuturesTradesChatRoom.htm

<+manto> just run away from them

<+Andy> ex-Refco President Tone Grant Sentenced to 10 years in 2.4 billion fraud...is that the kind of thing you mean, KN? 15:31

<+silo> Covered 1/2 ER2 Short @ 75.50 --> + 642.1

715.50

<+KN-SR> fially we are at 67 area..... 15:32

Andy, we may be at the bottom :) 15:33

<+Trader> KN what is the 1267.25 based on? 15:34

<+Andy> okay

<+KN-SR> volume

<+Andy> Long ES @ 1267 «« paper »»

<+KN-SR> early entry ........?

<+silo> Covered Remainder ER2 Short @ 713.30 --> + 4.4 15:35

<+KN-SR> nice silo

<+Andy> Exited all ES Long @ 1266 --> - 1 «« paper »»

vn silo

<+Baxwill> Great Silo

<+silo> thanks

still trying to get used to live trading 15:36

was down earlier today.... i thought i wouldn't make rookie mistakes anymore since i've simulated for so long and know what's the right and wrong thing to do

but as soon as i went live

i found myself holding my trades and not letting them go 15:37

thinking that oh if i get out now with 0.3pt loss, i'm wasting my money on this trade..

and then it goes against me and i'm down huge

and end up holding for too long

and everything went out the window

same thing for winners

not exiting 15:38

had to remind myself over and over again

didn't wait for exit on this one though

thankfully

still taking my time to get used to trading live

<+Trader> KN since 1267.25 was hit breifly 2 days ago, which volume are you looking at?

<+KN-SR> we crossed 67 atleast 7 times in last one month 15:40

with large volumes

its a key level

i think

and as usual i may be wrong

<+Trader> so far you are never wrong :-) 15:41

<+KN-SR> NEVER is a pretty storng word.....

<+szubaark> Covered all Short ES at 1264.50 --> + 10 «« paper »» 15:42

<+Trader> never = mostly ............... in your case

<+szubaark> Ive reache dmy Profit goal for the day, Im Done 15:43

<+silo> horay !

nice szu

<+KN-SR> congratulations

<+silo> hey kn... try sending me the file? 15:44

:D

<+KN-SR> wait till i get back :(

pls

<+Andy> Long ES @ 1264.25 «« paper »» 15:46

<+silo> hehe k

when will that be? 15:47

:D

<+KN-SR> well, in that "NEVER" case, I think we will see 1312.25 in few weeks

<+Andy> one more time around

<+KN-SR> well, perfect entry this time Andy 15:48

<+Trader> KN many of us don't understand your use of the MATRIX. could you explain that?

<+KN-SR> this is not from matrix

<+Trader> I know that you said that you have explained it many times but still........

<+KN-SR> this is from market sentiment and volume traded b4 at that level 15:49

<+Trader> I understand . This is longer term

<+KN-SR> yes

we should have an idea, about the long term trend 15:50

then we can wrok with noise

work

<+Andy> Long ES @ 123.75 «« paper »»

Long ES @ 1263.75 -> Add «« paper »» 15:51

<+KN-SR> well let see what happen at 67

volume decreased......... but ratio increased

<+Andy> Exited 2/3 ES Long @ 1265.5 --> + 1.75 «« paper »» 15:52

<+KN-SR> only one explaination here.........profit taken

<+manto> kn what ratio?

<+silo> kn... what instrument? es?

<+KN-SR> yes

ratio bid/ask 15:53

and u can see in t&S window

not much activities

<+manto> hmm i look at bid/ask but not their ratio

but u are right t/s not much ther now 15:54

<+KN-SR> so if u have a spike its not due to new volume

<+manto> i c 15:55

<+KN-SR> bcasue of profit taken out

or stop loss hit

and stop is not the case here......since we have a spike downward

<+Andy> Exited Remainder ES Long @ 1267 --> + 1143.25 «« paper »»

<+KN-SR> wow

<+Andy> I wish

<+KN-SR> biggest ever

:)

<+manto> thks kn 15:56

<+Andy> gee...and I thought 16 points this morning was good

<+KN-SR> that was a very very good trade

<+Trader> in what timefraem do you see this big spike KN? 15:57

<+szubaark> thats $57150... thats for most people (if they lucky) Yearly Wage.

<+KN-SR> :)

thats a big number, congrats szu

<+szubaark> i was referring to Andy +1143 15:58

<+KN-SR> oh

then congrates Andy

<starglazer> did anyone catch the YM ride from 11470->11400

<+starglazer> i caught 11470->11450

<+Andy> I was just posting my SAT score 15:59

<+starglazer> it wants to close 11420

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)

<+Andy> combined on two occasions

<+KN-SR> i dont use any charts or tf to take entry ... the way i see a spike is simple......voume+pice difference+time

<+starglazer> stoners

<+KN-SR> no starglazer.......we didnt 16:00

<+starglazer> same move er2, es8 im sure you did KN :) 16:01

<+KN-SR> lets see i have 3 major trades

let me see if i can give u exact YM reading at the time with ES 16:02

<+starglazer> the 1 min charts are like almost 100% correlated 16:03

<JimL> KN, very good stuff, could you help me w/ a little more info on vol+pricediff+time? i don't understand, pls describe some more pls

<+KN-SR> 11550 area Short ------- 11515 area Long --------- 11535 area Short 16:04

<+starglazer> hmm around 2pm est 16:06

<+KN-SR> price difference and time is pretty simple math.....how fast price is moving....... 16:08

volume will help u to calculate if its going down down or donw up 16:09

break or bounce

<+starglazer> so you use volume oscillators? 16:10

<+KN-SR> no 16:11

p

just clean volume......bars

<+Trader> how can you determine the direction of the move based on volume bars

<+KN-SR> volume increase or decrease

<+starglazer> diverge/converge probably

<+Trader> KN an increse in volume could signal a BLOWOFF or CONTINUATION so how do you make a difference between them? 16:12

<+KN-SR> this where bid/ask ratio helps 16:13

shows where are teh new orders......

<+manto> kn u mean the real ratio of bid/ask? 16:14

<+KN-SR> yes

<+Trader> so if ASK volume is much higher than BID volume >>>>> move down is coming?

<+KN-SR> if total volume increases

<+peterpanboy> total ? bid+ask ? 16:17

<+KN-SR> u cannt really expect a big move without the increase in the total volume

<+Trader> yes is agree

<+KN-SR> so if u see a spike in the s/r area, my idea is, dont just jump in 16:18

make sure its a breakout or bounce first........

<+manto> gn all .. 16:19

<+JimL> so does that mean that if volume increases substantially over a short period of time, AND ASK vol is higher than BID vol >>>>> price is going down??? is this correct? 16:22

<+KN-SR> thats the general ida 16:23

idea

<+Trader> KN how do you tell S/R area using the Matrix?

<+KN-SR> two ways

i watch price al the time........even if i m not in a trade 16:24

so i know the levels where price had a hard time going up or down

and 2nd

i alwasy check my trades when price was there last time

if i was right last time, it should work next time too 16:25

<+Trader> thanks

<+KN-SR> u welcome

<+Trader> the mud is clearer now :-) 16:26

<ripsboy> KN...If I may ask...do you use channel lines as s/r areas?

<+KN-SR> no

i trade with levels

channel works.....but

<+ripsboy> thank you...

<+KN-SR> i really hate to see any thing in the chart window

just want fresh clean candles......just black and white candles 16:27

<+peterpanboy> yeh price action only

<+KN-SR> :)

and thats why i m here

<+peterpanboy> thanks KN for clear this stuff 16:28

<+KN-SR> uw

<+Trader> you must have an incredible memory to remember where you traded before.....

<+KN-SR> trade should be as simple as it can be and simple explaination should make sense

its just practice 16:29

anything is posible.....

<+JimL> so to be clear you mean the total volume as expressed in the cumulative columns of the bid & ask colums of the matix & that ratio must be consistent with the direction of the breakout or breakdwn. is that correct?

<+KN-SR> exactly

well, about indicators......i have somewhat REFINED my positions 16:31

i think they work too.....just that i hate them :)

i met some traders here.....incredibly successful.......and saw some setups.....wroks decent 16:32

<+peterpanboy> the problem with indicator they lagging

<+KN-SR> yes

the fastest indicator is price

i though they never works

but i have seen them trading with indicators

its depends of person to person

<+peterpanboy> for me the only use for indicators is confirm sup/res 16:33

<+KN-SR> if i have a fly on my screen, i cannt trade

:)

some ppl can trade wth all those ma and amazon stuff

nothing is off table, as long as we have money in our pocket 16:34

<+peterpanboy> sure

<+KN-SR> well, if u ask, spend a little lot time on money management........any trade can be profitable with effective money management 16:35

<+peterpanboy> from tommorow I wanna experiment bid/ask ratio and see if improve my trading

exactly money management is VERY important 16:36

<+KN-SR> just remember that it takes few lot more than a night (overnight)

<+starglazer> the thing is the #s on the bid/ask are fakeable

there are many bots on the ftures 16:37

<+KN-SR> u know abotu black trades? 16:38

u can fake at max 10%

<+peterpanboy> why 10%

<+KN-SR> thas the law

u can have a big trade without declaring at max 10%

<+starglazer> law by SEC or where 16:39

as far as i know.. foreign brokers dont have to follow USA futures commisioners

<+Trader> KN do you mean ICEBERG or HIDDEN trade?

<+KN-SR> yes

<+starglazer> he means dark pools 16:40

<+KN-SR> they changed many rules last yr

<+Trader> what r dark pools?

<+KN-SR> exactly

but they changed it a lot

after the subprime crash

i have no idea about foreign brokers 16:41

reagarding commisioners

<+starglazer> some darkpools gives you rebates for using their ecn.. others gives you hiding big orders without much price action influence in the market

<+KN-SR> well. thats the reason i dont trade forex

anyway, u guys have a gn.........and good luck with trading 16:45

<+Trader> good night and thank you

<+starglazer> thanks for the help

<+KN-SR> will see u, hopefully, tomorrow

uw. anytime

<+JimL> Thks ever so much, KN c u tom 16:46

<+KN-SR> take care

<+peterpanboy> gn all thanks for sharing 16:47

<@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 http://www.thestrategylab.com/FuturesTradesChatRoom.htm
Session Close: Fri Aug 08 00:00:00 2008

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.