#FuturesTrades August 8th Friday 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: Fri Aug 08 00:00:00 2008Session Ident: #futurestrades
<@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	01:48
<@NihabaAshi>	Good morning all...just finish watching the 2008 Beijing Olympic Opening Ceremony...very impressive :) http://en.beijing2008.cn/ceremonies/photos/openingceremony/	09:23
<+silo>	i missed it	09:27
	open they will replay it
<@NihabaAshi>	Yeah...TV networks usually replay it multiple times the first few days	09:28
<futurible>	gm all	09:29
<Baxwill>	morning
<ItalianSharp>	gm
<@NihabaAshi>	Shorts ER2 @ 712.70 -> large size	09:32
<Nesi>	Long ER2 @ 713.00
<+silo>	Shorts ER2 @ 712.8
<@NihabaAshi>	Missed 713.40 due to hesitation :(	09:33
<tzar>	gm NihabaAshi!
<PapaJon>	gm all	09:34
<@NihabaAshi>	Covered ER2 Short @ 712.10 --> + 0.6
<+silo>	Covered all ER2 Short @ 713 --> - 0.2	09:35
<szubaark>	Buys ES @ 1265 «« paper »»	09:36
<@NihabaAshi>	Long ER2 @ 714.30 -> medium size
<+silo>	Long ER2 @ 714.9
<+Nesi>	Exited all ER2 Long @ 715.00 --> + 2
<+szubaark>	Exited all Long ES at 1267.75 --> + 2.75 «« paper »»	09:37
<@NihabaAshi>	Exited 3/4 ER2 Long @ 717.20 --> + 2.9
<T-stop>	vn trade Niha
<+Nesi>	vn	09:38
<+szubaark>	Nice Niha taking it down then up
<@NihabaAshi>	Market is fast this morning
<+Nesi>	Shorts ER2 @ 718.00
<+silo>	Exited all ER2 Long @ 718.3 --> + 3.4
<+szubaark>	nice silo
<+silo>	i managed to control my emotion this time... out quick on that opening short	09:39
<+Nesi>	congrats, silo
<+silo>	and out where i need to exit
	without waiting for price to retrace or not letting go
	making some progress on live trading	09:40
	:D
<+szubaark>	days not over yet LOL
<+Nesi>	Covered all ER2 Short @ 718.50 --> - 0.5
<+silo>	of course
<ripsboy>	gm all...
<@NihabaAshi>	Exited Remainder ER2 Long @ 718.60 --> + 4.3	09:41
<+Nesi>	Shorts ER2 @ 718.10
<@NihabaAshi>	Shorts ER2 @ 717.00 -> small size	09:43
<+Nesi>	Covered all ER2 Short @ 716.50 --> + 1.6	09:44
<@NihabaAshi>	Gave this too much breathing room	09:45
<+szubaark>	Pinball type Price Action
<@NihabaAshi>	Covered all ER2 Short @ 717.50 --> - 0.5
<KN-SR>	Long ES @ 1267.50	09:46
<+KN-SR>	s.l 65.25
	bbl
<+Nesi>	Long ER2 @ 718.50	09:47
<+KN-SR>	Exited 3/4 ES Long @ 1268.25 --> + 0.75
	nop
	Exited 3/4 ES Long @ 1268.50 --> + 1
<+tzar>	Long ES @ 1267.25 «« paper »»	09:48
<@NihabaAshi>	Shorts ER2 @ 717.30 -> small size
	Covered ER2 Short @ 718.30 --> - 1	09:49
	Long ER2 @ 719.40 -> large size	09:50
<+tzar>	Exited all ES Long @ 1269.25 --> + 2
<+Nesi>	Exited all ER2 Long @ 719.50 --> + 1
<+silo>	720.20 is a resistance for long	09:51
<@NihabaAshi>	:(	09:52
	Pin Ball Machine price action
<+tzar>	wow
	i think we hit some stops on ER
<+KN-SR>	Exited 1/4 ES Long @ 1271.00 --> + 3.5	09:53
	h7
<+tzar>	vn KN-SR
<+szubaark>	Shorts ES @ 1270.50 «« paper »»
<+Nesi>	Shorts ER2 @ 720.00
<@NihabaAshi>	Exited ER2 Long @ 720.40 --> + 1
	Holding 1 remainder only
<+Nesi>	Covered all ER2 Short @ 721.00 --> - 1	09:54
<@NihabaAshi>	Exited Remainder ER2 Long @ 721.60 --> + 2.2
<+KN-SR>	Exited 1/4 ES Long @ 1272.50 --> + 5
	h5
	s.l 66.25	09:55
<@NihabaAshi>	weak resistance are here
<+KN-SR>	1.25
<+Nesi>	Shorts ER2 @ 721.10
<+KN-SR>	we should see 75.25	09:56
	i guess	09:57
<@NihabaAshi>	Shorts ER2 @ 720.80 -> small size	10:00
	2 only
<+szubaark>	just got Overnight High (Stops)	10:01
<@NihabaAshi>	Covered ER2 Short @ 721.60 --> - 0.8	10:04
	Reverse and Enter Long ER2 @ 721.60
	Exited ER2 Long @ 721.90 --> + 0.3	10:05
<+szubaark>	Volatility starting to contract (Chop)	10:06
<@NihabaAshi>	Pin Ball Machine...I'm giving these past few trades "a lot" of breathing room.
<@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
<@NihabaAshi>	Will continue to do so until the first contracting volatility is in place
	Long ER2 @ 723.30 -> medium size	10:07
	chaser by 8 ticks	10:08
<+KN-SR>	Exited 1/4 ES Long @ 1274.50 --> + 7
	h4
<+T-stop>	vn KN
<+KN-SR>	Exited 1/4 ES Long @ 1276.50 --> + 9	10:09
	h3
	thanks
<@NihabaAshi>	Exited ER2 Long @ 725.80 --> + 2.5
<+szubaark>	wow..impressive ramp up, with no pullbacks
<+silo>	nice little greedy trade :D
	hehe
<@NihabaAshi>	Holding 1 contract
<+silo>	i love it when those work out
	:D
<+KN-SR>	Exited 1/4 ES Long @ 1277.50 --> + 10	10:10
	got it
	:)
	h2
<+szubaark>	nice kn
<+KN-SR>	thanks
<@NihabaAshi>	Price action still moving fast
	Exited Remainder ER2 Long @ 727.50 --> + 4.2
<+KN-SR>	81.50 next
<+ItalianSharp>	today could be a historical day for quite some time	10:11
<+KN-SR>	if i m not that wrong
<+ItalianSharp>	EURUSD broke big time support levels
<+KN-SR>	i guess
<+ItalianSharp>	eminis rallying hard
<+szubaark>	ES 17 Points straight up with no pullback..havvent seen that in months LOL
<@NihabaAshi>	ItalianSharp...glad someone notice those support levels being broke along with GOLD price drop validating the support is gone.	10:12
<+szubaark>	Also Oil down -5	10:13
<+ItalianSharp>	i am sure the EURUSD drop really has something to do with this non-stop rally
<+silo>	the 1.54 level in EURUSD?
<@NihabaAshi>	Wow...	10:14
<+szubaark>	SHORT SQUEEZE
<@NihabaAshi>	Better go to my Canadian bank today and deposit some U.S. money to take advantage of the increase in the currency exchange difference
	:)
<Splurge>	blimey you own a bank Niha :)	10:15
<+PapaJon>	hehe
<+KN-SR>	Exited 1/4 ES Long @ 1282.50 --> - 1282.5	10:16
<@NihabaAshi>	1.065 is a great deal right now for me in comparison to not too long ago being around 1.01
<+KN-SR>	nop
	whay what hapen
	Exited 1/4 ES Long @ 1282.50 --> + 15
	humm	10:17
	strange!
<+PapaJon>	nice one knsr
<+KN-SR>	h1
<@NihabaAshi>	Geeesh...market just throwing money to the Longs today.
<+KN-SR>	thanks
<+Splurge>	lol its not used to those numbers KN
<@NihabaAshi>	15 ES points...geesh
<+KN-SR>	:)
	we should have a big DROP LATER, i guess
<+silo>	might pull back soon here	10:18
<+szubaark>	that was a SNEAKY ramp up,especially how tjhis markey has been "behaving" lately
	proboly sucked all the Volatility out of it for rest of day
<+Splurge>	Gold refusing to drop below 850 atm	10:19
<+tzar>	Shorts ES @ 1281.50	10:20
<+KN-SR>	s.l 77.50 0.00	10:23
<+tzar>	Covered all ES Short @ 1283.00 --> - 1.5
<+szubaark>	geez, still going up. weird market
<+KN-SR>	87.25 next	10:24
<+szubaark>	NO PULLBACKS!!
<+KN-SR>	:) nop
<+Splurge>	looking a bit extended now	10:25
<+szubaark>	Shorts getitng squeezed hard today
<+KN-SR>	somo has to pay for those longs :)
	some	10:26
<+tzar>	big bids	10:27
	vs asks
	on es
<+KN-SR>	86.50 3 tick shy..........
<+ItalianSharp>	EURUSD starting to retrace a little...eminis could follow soon	10:28
<+KN-SR>	tp 87.50 +- ( + 20.00) s.l. 69.50 ( + 2.00)	10:29
	brb
<+silo>	Shorts ER2 @ 729.40	10:31
	intuition	10:32
<+KN-SR>	we will have to break 70.25 to go in a short trend	10:34
<+szubaark>	they probobly gonna squeeze Longs now and we Tank LOL	10:36
<+KN-SR>	:)
<+silo>	Covered all ER2 Short @ 703 --> + 26.4
<+szubaark>	nice silo :)
<+silo>	wait
<+Splurge>	cough
<+silo>	that's fucked up
<+KN-SR>	as i told, i thik we will see 1312.25 in few weeks
<+silo>	lol
* +Splurge	chokes on his tea	10:37
<+silo>	that's -0.7 pt
<fseitun>	nick/ ItalianSharp	10:39
* fseitun	is now known as ItalianSharp
<+silo>	wow price refusing to go down eh?	10:40
	haha
<+Splurge>	going down in stealth mode	10:41
<+silo>	i want to catch this quick pullback if it does happen
<+szubaark>	wont be easy, so does the Whole World :))	10:42
<+KN-SR>	be back later guys......good trading.......this slow connection here killing me	10:43
<+silo>	making lower high in this consolidation	10:48
<@NihabaAshi>	Long ER2 @ 729.10 -> small size	10:49
* codehead_afk	is now known as codehead	10:52
<@NihabaAshi>	Exited ER2 Long @ 729.60 --> + 0.5	10:53
	trailing stop picked pocketed :(	10:54
<+szubaark>	Looks like they used the element of surprise to squeeze Shorts :))	10:57
<ItalianSharp>	yes szu...not i am expecting chop for a couple of hrs due to the huge volatility we've had in the opening hr
<+ItalianSharp>	now	10:58
	let's not forget we are still in a bear market
	:)
	funny thing is: if eminis start to fall and downside picks up steam...this whole upmove could get retraced entirely	10:59
<+szubaark>	yup, probobly slowly,in a controlled manner, tick by tick, we start retracing some of that "Parabolic Spike"
<+ItalianSharp>	also...it's friday and i am not too sure longs want to take it over the weekend	11:00
<@NihabaAshi>	price weakness without any clues it will break down through support :(	11:05
<+silo>	Shorts ER2 @ 727.9	11:06
<@NihabaAshi>	Shorts ER2 @ 728.10 -> small size
<+silo>	Shorts ER2 @ 727.9 -> Add	11:07
	intuition	11:08
<@NihabaAshi>	Trailing stop tighten	11:09
<+KN-SR>	add 82.50 limit stop 81.25	11:10
<@NihabaAshi>	Covered ER2 Short @ 727.90 --> + 0.2	11:11
<+silo>	Covered 1/2 ER2 Short @ 728 --> - 0.1
	i'm definetly trading mroe like i used to when i was paper trading	11:12
	in and out quick
<+szubaark>	each new low in this consolidation followed by shake spikes make sure Shorts dont get in on any of the action
	Extremely Tough,nerve wrecking Price Action to finish off this tough week	11:13
<+KN-SR>	out 3/4 1283.50 + 1.00
	h 1 +7
<+silo>	even if i dont make money today... i'll be happy
	:)
<+szubaark>	Covered all Short ES at 1283.50 --> - 13 «« paper »»	11:14
<+silo>	Covered Remainder ER2 Short @ 729 --> - 1.1
<+szubaark>	yeah i got caught
	Buys ES @ 1283.50 «« paper »»
	c'mon lets rally another 15 Points with no pullbacks, i need the frikin points LOL	11:22
<bazooka85>	hi all	11:25
<Bambam-77>	holding here for drive to 1288 posibly 112.5 degrees gann	11:26
<+szubaark>	just watching Paint dry last hour and a half	11:27
<+bazooka85>	currently short @1282.75 <<paper>> looking for any channel breaks, have reverse set	11:28
<+szubaark>	Im Long,trend is up :))	11:29
<+bazooka85>	ive got my stops set ;)	11:30
	long reverse 1284.25	11:33
<+KN-SR>	out 1 1284.50 + 2.00 H 1 + 6
* anglo	is now known as a	11:34
<@NihabaAshi>	ER2 back within that tight trading range above the support area	11:35
	Shorts ER2 @ 729.40 -> small size	11:37
	1 only	11:38
<+bazooka85>	added long avg 1283.75
	:(	11:39
<+silo>	nice early entry niha	11:41
	Shorts ER2 @ 728.40
<+szubaark>	Exited all Long ES at 1282.50 --> - 1 «« paper »»	11:46
	Shorts ES @ 1282.50 «« paper »»
<@NihabaAshi>	Covered ER2 Short @ 728.30 --> + 1.1
<+KN-SR>	we finally may going south	11:47
<+silo>	KN has blown the whistle.... time to send the army in	11:48
	:)
<+KN-SR>	we need to break 70 area first to be officially in a downtrend
	i wont take a short unless its <70
<@NihabaAshi>	2nd time it has dropped below that support level	11:49
<+KN-SR>	well, thats just my idea........i still have long open
<@NihabaAshi>	ES pullback looks to be getting weaker	11:50
	volatility contracting
	Will try to jum on on downside volatility spike that may occur soon.
	If nothing happens soon...I'll take a lunch break	11:51
<+silo>	$tick might go below 0
<Trader>	why 70 KN?
<+silo>	very soon
	it's in a downtrend
	last bounce aboe 0 hopefully
<+szubaark>	Covered all Short ES at 1283.75 --> - 1.25 «« paper »»	11:52
	Buys ES @ 1283.75 «« paper »»
<+KN-SR>	didnt touch 81.25
<+bazooka85>	could break north
<+KN-SR>	still have life left!
<+bazooka85>	still in long
<+szubaark>	lunchtime approaching, they start poking for Stops, could get Nasty Chop	11:54
<+bazooka85>	short 1284.50 tight stop	12:03
<+szubaark>	Exited all Long ES at 1283.25 --> - 0.5 «« paper »»	12:04
	Shorts ES @ 1283.25 «« paper »»
	hopefully this is the real move, geez
<+bazooka85>	sitting, waiting for the wedge break	12:07
<@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	12:09
<+szubaark>	Widening Stops, otherwise they'll just keep popping me
	Volatility is Dead, not even contracting LOL	12:10
<+silo>	$tick trending down towards negative territory	12:13
	er2 making lower high
<+bazooka85>	short 84.25 tight stop	12:14
<+szubaark>	Covered all Short ES at 1284.75 --> - 1.5 «« paper »»
	Buys ES @ 1284.75 «« paper »»
<+silo>	why wont you just go down !!!!
	;)
<+bazooka85>	long	12:15
	long 1285.50
<+szubaark>	heheh, they just did that to fake you out
<+bazooka85>	. . .
<+KN-SR>	out 1 1285.50 + 3.00 H 1 + 5	12:16
	out 1 1286.50 + 4.00 H 1 + 4	12:17
<+silo>	Covered all ER2 Short @ 730.10 --> - 1.7	12:18
<+bazooka85>	holy. . .
<+KN-SR>	out 1 1287.50 + 4.00 H 1 + 3
<+silo>	freaking chop
<+szubaark>	u down now?	12:19
<JimL>	KN, I got discnctd @ 12:54. did you see my quest @ have time to jot me an answer, thks! sorry for interrptn
<+KN-SR>	whats ur question JimL?	12:21
	out 1 1287.50 + 5.00 H 1 + 3 correction	12:22
<+JimL>	do u use a Time&Sales in conjunction with you study of the matrix ladder?
<+KN-SR>	yes
	i like to see how the orders are flowing at any moment	12:23
<+JimL>	does T&S help in your seeing chng in vol pattern?
	looking for increase in new volume appearing to increase total bid & ask correct?	12:24
<+KN-SR>	out 1 1288.50 + 6.00 H 1 + 2
<+bazooka85>	going to sit back and let it decide jesus!	12:25
<+silo>	Long ER2 @ 731.2
<+KN-SR>	:)
	finally with peace bazooka85?
	T&S helps u to see if there are some BIG orders are in play against ur trade	12:26
	u have to be careful
	total vol = bid + ask	12:27
	yes
<+silo>	Exited ER2 Long @ 730.4 --> - 0.8	12:28
	Reverse and Enter Short ER2 @ 730.4
<+JimL>	OK, I see, I'm following, if these levels are cleared (+1292-95) we're into June trading action, what do we look for?	12:29
<+KN-SR>	already told u, we are looking for 1312.25 next	12:30
	i guess
<starglazer>	Long DAX @ 6607	12:32
<bazooka85>	short 1288.50 <<paper>>
<+bazooka85>	hi star!
<+KN-SR>	JimL......any other question?	12:33
<+JimL>	is that price/volume level establish in market profile? i don't see an obvious swing point @ 1312.25, I see a price range extending up from 1310~1318 where es hovered before last big fall. is that the area & methodolgy you're looking at?	12:35
<+KN-SR>	9.25 and 17.75	12:37
	the closest two levels
	in that sense yes. 10-18 surely a very important range
	but as i try to pin point the price to get a better entry, i think, 1312.25 should be the point	12:38
	i see lots of volume traded there b4
	atleast I have lots of trades there
<+starglazer>	Long DAX @ 6602.5	12:39
<+bazooka85>	kn can i ask	12:40
<+KN-SR>	sure bazooka85, go ahead
<+bazooka85>	after hours do u look at charts to predict the next day
	what are some of them you look at	12:41
<+KN-SR>	i spend atleast half an hr to look at hsi and dax b4 us seesion
<+bazooka85>	thanks
<+KN-SR>	to have an idea.........how the us market may adjust with the price action of those two	12:42
	all markets are corelated
	there has to be some adjustemnts
<+bazooka85>	makes sense
<+szubaark>	i dont see any correlation with US-ASIA or Europe..today is good example..Europe ASIA down and we ROCKET to upside at open	12:43
<+KN-SR>	this is because of the oil
<+bazooka85>	just has to be good predictor more than 50% of the time
<+starglazer>	DAX is near its highs along with ES8	12:44
<+bazooka85>	noooooooo!
<+tzar>	welcome back guys	12:45
	we missed you
<Flex>	good afternoon	12:46
<+KN-SR>	hello Flex
<+starglazer>	huge resistance at 1289	12:47
<+bazooka85>	looking at 260min/daily chart huge resistance like star said
<@NihabaAshi>	looking weak again but still not worth the stress of trying to catch 3 - 5 ticks on the short side
<+JimL>	I don't want to step on Bazook's quest/answer here, but maybe a-hah moment here for me. since you personnaly had previous trades there, you know that back at that time you must have seen alot of indicative $ & volume activitiy on the matrix ladder to cause you to trade. therefore, that $/volume area should be of high interest becasue of market dynamics (price & volume exchanging @ that area). is the correct thinking?	12:48
	that quest for KN on our previous train of thought, but disconecctions got in the way
<+bazooka85>	u can step all over it, im not successful yet :D	12:49
<+KN-SR>	yes JimL	12:51
	of course u will have to remember the levels and volumes	12:52
	that has been traded previously
	i try to remember and look into my trades in that lavel.......helps me a lot
<+tzar>	damn that peer!	12:53
<+silo>	Covered all ER2 Short @ 730.5 --> - 0.1	12:54
<+codehead>	YM July high 11682, high a couple days ago 11672, today high 11664	12:58
	very narrow range since hitting it
<+bazooka85>	oil rallying on 5 min	13:00
<@NihabaAshi>	volatility now contracting "upwards"
<+szubaark>	Exited all Long ES at 1287.75 --> + 3 «« paper »»
<JimL>	sorry got discntd @ 12:57, did KN respond? repost pls?	13:01
<+bazooka85>	hope you dont mind kn <+KN-SR> yes JimL
	<+KN-SR> of course u will have to remember the levels and volumes
	<+KN-SR> that has been traded previously
	<+KN-SR> i try to remember and look into my trades in that lavel.......helps me a lot
<+codehead>	YM short 11650 <paper> stop 11665
<+szubaark>	Shorts ES @ 1287.75 «« paper »»
	lets see if i can catch a Volatility spike to downside	13:02
<+codehead>	trying a 3-min cci signal as a paper trade
<+bazooka85>	1290.25 stop and reverse, currently short
	oil dying	13:06
<+starglazer>	Exited all DAX Long @ 6609 --> + 6.5	13:07
<+tzar>	gj starglazer
<+bazooka85>	oil broke south
<+silo>	Shorts ER2 @ 730.1	13:09
<+codehead>	hm, just realized it's 8/8/08	13:10
<+bazooka85>	gawd im contradicting myself so much
<+codehead>	Chinese gf was telling me last week how they view 8 as lucky
	first target 11640...	13:11
<+bazooka85>	Short ES 1287.75	13:12
<@NihabaAshi>	Long ER2 @ 729.80 -> small size	13:15
	1 only
<+codehead>	xit YM +4 <paper>	13:16
<@NihabaAshi>	volatility increasing in a sneaky slow way	13:17
<+codehead>	taking too long
	got as far as +8, but should have tested .382 by now
<@NihabaAshi>	tightning trailing stop
<+szubaark>	this is weird chart today, its not a creeper trend, but quick,sudden spikes to upside, followed by Looonngggggg,Choppy Consolidations	13:18
<+bazooka85>	oil shooting up!	13:21
<@NihabaAshi>	Exited ER2 Long @ 730.20 --> + 0.4	13:23
	sidelined...having problems interpreting the price action
<+codehead>	If YM breaks hod, has those nearby resistances i mentioned earlier, but also a target around 11700	13:25
<@NihabaAshi>	Too tired watching this tight trading range...	13:27
<Guest>	looks like break to upside now	13:28
<+szubaark>	Covered all Short ES at 1289.50 --> - 1.75 «« paper »»
	Buys ES @ 1289.50 «« paper »»
<@NihabaAshi>	Long ER2 @ 731.00 -> small size
	2 only
<+szubaark>	tough make a buck in this market, easy to lose it
<bazooka85>	reserve, now long	13:29
<+codehead>	YM at July high
<+KN-SR>	out 1 1291.50 + 9.00
	h1 +1	13:30
<+codehead>	above July high--whew
<@NihabaAshi>	tighten trailing stop
	:(	13:31
<+codehead>	woah, that target i mentioned on YM hit	13:34
<@NihabaAshi>	Exited 1/2 ER2 Long @ 732.50 --> + 1.5	13:35
<+szubaark>	1300?
<+bazooka85>	long 1293.25 again
<@NihabaAshi>	Exited Remainder ER2 Long @ 731.70 --> + 0.7	13:36
	Be back later...my eyes are dead...need to rest a little.	13:37
* NihabaAshi	is now known as NihabaAshi_away
<+JimL>	KN, If you're busy, pls let me know. Intraday, do you use the matrix ladder to look for areas of pullbck to add? as prices move up & dwn the ladder, & the histogram bars grow, do you look for prices to move to lower histogram bar for stabilize & then see if cuml bid+ask to reignite in correlated direction?	13:38
<+KN-SR>	out 1 1294.50 + 12.00	13:42
	h 1 (1267.50)
<Alturus>	what happened, everyone just dropped	13:47
<+silo>	welcome back guys	13:55
	:)
	wonder if we'll get a big retracement after 2	13:59
<+szubaark>	Exited all Long ES at 1291.75 --> + 2.25 «« paper »»	14:00
	Shorts ES @ 1291.75 «« paper »»	14:01
<+Guest>	Shorts ER2 @ 732 «« paper »»	14:05
<+codehead>	short YM 11716 <paper>	14:09
	hm, iffy, signal rolled over...
	stop above hod
	YM has a buyer at 11705, won't drop till he fills, hit twice but not filled	14:10
	exit half YM short +7, move stop to b/e on remainder <paper>	14:13
	move stop to -6 on reminder	14:14
	potential sell signal agian on 3 min
	exit reminder +4 <paper>
	needs to break down 11705 minimum	14:15
<@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 http://www.thestrategylab.com/FuturesTradesChatRoom.htm
<+codehead>	oil new lows	14:20
	10 mins till floor close
<+szubaark>	Covered all Short ES at 1296 --> - 4.25 «« paper »»	14:32
	Buys ES @ 1296 «« paper »»
	Exited all Long ES at 1295 --> - 1 «« paper »»	14:37
	Shorts ES @ 1295 «« paper »»
<peterpanboy>	good afternoon to everyone
<+peterpanboy>	ES going south	14:38
	will see if break 1296	14:39
	if not continue south first 1294.5 then 1293.5
<+Guest>	Shorts ER2 @ 734.6 -> Add «« paper »»	14:41
<+szubaark>	just creeping higher now, becoming impossible to time good entries	14:42
* NihabaAshi_away	is now known as NihabaAshi	14:43
<+ItalianSharp>	szu, it's one of those rare one-directional days	14:44
	either play long or watch TV
<+silo>	Shorts ER2 @ 733.6	14:45
<+szubaark>	nothing on tv, would rather take a nice vacation but dont have the money LOL
	so im stuck watching this crap :))
<+ItalianSharp>	well, it aint that crappy if you are long	14:47
	i wish we had one of these days per week
<+peterpanboy>	yeah if trend is well defined buy at every dip	14:48
<@NihabaAshi>	Shorts ER2 @ 733.00 -> small size
<+silo>	Shorts ER2 @ 733.3 -> Add
<@NihabaAshi>	1 only...looking to bail on it
	Covered ER2 Short @ 732.90 --> + 0.1	14:51
	Trade error via chasing such a Short on such a strong uptrend in many key markets	14:52
<+peterpanboy>	yeah never fight a strong trend	14:53
<+szubaark>	Covered all Short ES at 1295 --> 0 «« paper »»
<+peterpanboy>	but your outcome was good anyway great Nihaba
<+szubaark>	Buys ES @ 1295 «« paper »»
<@NihabaAshi>	Gold spiking down again
<+szubaark>	1300	14:54
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 @ 733.20 -> medium size	15:00
	Exited 1/2 ER2 Long @ 734.10 --> + 0.9	15:02
<+Guest>	Shorts ER2 @ 734.2 -> Add «« paper »»	15:03
<@NihabaAshi>	tightning trail stop	15:04
<+Bambam-77>	1297 is gann resistance	15:05
	736 is er res
<+szubaark>	Exited all Long ES at 1294.75 --> - 0.25 «« paper »»	15:08
	Shorts ES @ 1294.75 «« paper »»
<A22>	Shorts ES @ 1296	15:09
<@NihabaAshi>	not looking good right now for my remainders	15:10
	Exited ER2 Long @ 733.30 --> + 0.1	15:11
<+A22>	Covered all ES Short @ 1295.75 --> + 0.25	15:12
<+ItalianSharp>	mmm...trend looks a little weak now	15:15
	we could get some long covering
<@NihabaAshi>	support broken	15:16
	Shorts ER2 @ 732.10 -> small size
<+Guest>	Covered all ER2 Short @ 731.4 --> + 3.4 «« paper »»	15:17
<@NihabaAshi>	Big Dark WRB
<+ItalianSharp>	yes, shorts seem to have taken control of things	15:18
<@NihabaAshi>	Covered 2/3 ER2 Short @ 730.80 --> + 1.3
<+silo>	Covered all ER2 Short @ 731.2 --> + 4.5
<@NihabaAshi>	Dark WRB got bigger...allowing me to get more greedy on those contracts
<+JimL>	Niha, looking at the thestrategylab courses, are you using those metodologies to trade in this room? what timeframes would I expect to focus on?	15:19
<@NihabaAshi>	send me a pm	15:20
	I DO NOT discuss my methods in here
	Covered Remainder ER2 Short @ 732.00 --> + 0.1	15:21
	Hmmm...another remainder trailing stop picked off
<+Bambam-77>	trend up no real selling as of yet	15:26
<+A22>	Shorts ES @ 1294	15:27
<+szubaark>	Covered all Short ES at 1294.75 --> 0 «« paper »»	15:29
	Buys ES @ 1294.75 «« paper »»
<+silo>	Long ER2 @ 731.8
<+szubaark>	this is where it gets tricky, small pullback and we continue high OR we start retracing, lower highs/lows LOL	15:31
<+A22>	Covered all ES Short @ 1295 --> - 1	15:34
<+silo>	just go where the river takes you :)
	i'm on a kayak
	dax is strong	15:36
<@NihabaAshi>	Long ER2 @ 732.90 -> small size	15:39
	1 only...chaser considering the profit target was already reached.	15:40
<+starglazer>	Shorts DAX @ 6639.5
<@NihabaAshi>	intuition trade due to the chasing and profit target already reached...I'm hoping there's still strength	15:41
<KN-SR>	so we have FINALLY reached 97
<+silo>	Exited all ER2 Long @ 733.6 --> + 1.8
<@NihabaAshi>	2nd profit target reached	15:42
	Exited ER2 Long @ 733.60 --> + 0.7
<+silo>	what's your first and second target?
<+starglazer>	Covered all DAX Short @ 6637 --> + 2.5	15:43
<@NihabaAshi>	733.90 was the first
	It then dropped...I got long and exited after 734.10 (2nd target) was reached.
<+starglazer>	DAX spready
<+silo>	ooh	15:44
<@NihabaAshi>	Pullback was fast...didn't have my order in and market out at 733.60
<+silo>	i thought you meant your daily profit
	like first and second
	:)
<@NihabaAshi>	I'm way OVER my profit goal for the day.
<+silo>	hehe
<@NihabaAshi>	My goal for the day was 1k and I'm sitting on 4k right now
<+silo>	sweet
	do you have second target goal for the day?
<@NihabaAshi>	No	15:45
	Never
<+silo>	hehe k
	just wondering
<@NihabaAshi>	It's very rare I'm this much over my profit goal for the day
<+starglazer>	1300?
	es8
<+szubaark>	[14:54] > 1300	15:46
<@NihabaAshi>	I even had a long lunch, took a nap and watch lots of the Olympic ceremony	15:49
<+silo>	in the u.s. they are showing the ceremony at 7.30pm	15:50
	:)
	i can't wait
<@NihabaAshi>	I'll re-watch it again...it's worth it.	15:51
	Thus, time I'll record it :)
<@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
<+starglazer>	Long DAX @ 6634
<@NihabaAshi>	Impressive uptrend day but it could have been more impressive along with putting more of a Short squeeze had it not been for that tight trading range that lasted so long between 10:30am - 1:25pm est	15:55
<+szubaark>	Exited all Long ES at 1295 --> + 0.25 «« paper »»
	Shorts ES @ 1295 «« paper »»
<+starglazer>	profit taking margin traders
<+szubaark>	Covered all Short ES at 1295 --> 0 «« paper »»	16:03
	was hoping for end of day fireworks,Nothing
<+starglazer>	Exited all DAX Long @ 6628 --> - 6	16:04
	same szu
<+szubaark>	another day, another lesson i guess	16:05
* sep34	is now known as sep34_away
<+peterpanboy>	thanks all see ya next week	16:08
<@NihabaAshi>	Hope ALL in here was able to trade within that early morning strong uptrend because it provided not just profits...a great learning lesson.	16:18
<@NihabaAshi>	I also HIGHLY RECOMMEND using a live monitor recorder because recorded live trading action is more informational in comparison to learning from hindsight charts.	16:21
	In fact, hindsight charts should only be used as a "supplement" to what you are studying in the live recordings.
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