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#FuturesTrades August 12th Tuesday 2008 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+16.10	+136.90	+2179.50
$1,610	$13,690	$217,950

Eurex DAX

0754am - 0757am 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.

WRB Analysis

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Session Start: Tue Aug 12 09:24:06 2008Session Ident: #futurestrades

* Now talking in #futurestrades 09:24

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

<timmyb1> woohoo 09:26

<+timmyb1> hey now

<ItalianSharp> gm

<PapaJon> gm all 09:27

<LP> gm

<+timmyb1> Exited all ER2 Long @ 748.3 --> + 0.1 «« paper »» 09:28

<futurible> gm all 09:30

<KN-SR> add 1300

<+KN-SR> nop

1301

<+timmyb1> Long ER2 @ 748.5 «« paper »»

<+KN-SR> brb

<bazooka85> Shorts ER2 @ 748.8 -> Add «« paper »» 09:31

<+timmyb1> Exited all ER2 Long @ 749.0 --> + 0.5 «« paper »»

* sep34_away is now known as sep34

<+KN-SR> Exited 3/4 ES Long @ 1301.50 --> + 1

<+bazooka85> Covered ER2 Short @ 748.5 --> - 748.1 «« paper »»

Reverse and Enter Long ER2 @ 748.5 «« paper »»

<bazooka85> -.5 09:32

<+timmyb1> Shorts ER2 @ 747.5 «« paper »»

<+KN-SR> Exited ES Long @ 1300.00 --> - 0.5

Reverse and Enter Short ES @ 1300.00

<+bazooka85> wow

<ripsboy> gm all...

<drt> gm

<+KN-SR> s.l 1.25

<+bazooka85> Exited all ER2 Long @ 747.0 --> - 3.3 «« paper »»

<+timmyb1> Covered all ER2 Short @ 747.0 --> + 0.5 «« paper »»

<+bazooka85> jesus

<+timmyb1> man this thing is goin crazy bouncy 09:33

think im gonna let it calm down a tad

give it some ridilin

<+bazooka85> ok

stopping trading for atleast 15 min

<+timmyb1> agreed

<+tzar> gm 09:35

<+timmyb1> Shorts ER2 @ 746.90 «« paper »»

<+KN-SR> Covered 3/4 ES Short @ 1299.00 --> + 1

<manto> gm

<+KN-SR> Covered ES Short @ 1299.50 --> + 0.5 09:36

Reverse and Enter Long ES @ 1299.50

s.l 1.25

Exited 3/4 ES Long @ 1300.50 --> + 1 09:38

Exited ES Long @ 1299.50 --> 0 09:39

Reverse and Enter Short ES @ 1299.50

s.l 1.25

<szubaark> Shorts ES @ 1298.75 «« paper »»

<@NihabaAshi> Shorts ER2 @ 746.40 -> large size

<silo> Shorts ER2 @ 745.8

<+timmyb1> oil rising again 09:40

<@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

<+timmyb1> Covered all ER2 Short @ 745.5 --> + 1.4 «« paper »»

<+KN-SR> Covered 3/4 ES Short @ 1297.00 --> + 2.5 09:41

Covered 1/4 ES Short @ 1297.50 --> + 2

<+bazooka85> Shorts ER2 @ 746.3 «« paper »»

<+KN-SR> h7

<+bazooka85> tight stop

<+KN-SR> Covered 1/4 ES Short @ 1298 --> + 1.5 09:42

h

5

<@NihabaAshi> Covered ER2 Short @ 746.30 --> + 0.1

<+szubaark> Covered all Short ES at 1299 --> - 0.25 «« paper »»

<+silo> Covered all ER2 Short @ 746.6 --> - 0.8

<@NihabaAshi> Lucky exit considering it's a trade error...saw something that really wasn't there.

<+bazooka85> Covered all ER2 Short @ 746.9 --> - 0.6 «« paper »»

<+timmyb1> darn missed my long entry

<+bazooka85> :(

<+timmyb1> Niha u on 1 min or 5min charts oner 09:43

ER

<+KN-SR> Covered ES Short @ 1298.50 --> + 1

Reverse and Enter Long ES @ 1298.50

<+timmyb1> dang was gonna enter at 747

<@NihabaAshi> Long ER2 @ 747.30 -> large size

<+szubaark> Buys ES @ 12300.25 «« paper »» 09:44

<+KN-SR> Exited 3/4 ES Long @ 1300.00 --> + 1.5

s.l 1.25

<+bazooka85> Shorts ER2 @ 747.3 «« paper »»

<+timmyb1> Long ER2 @ 747 «« paper »»

man it seems speratic today

<+KN-SR> Exited ES Long @ 1299.50 --> + 1

Reverse and Enter Short ES @ 1299.50

s.l 1.25

Covered ES Short @ 1300.00 --> - 0.5 09:45

Reverse and Enter Long ES @ 1300.00

s.l 1.25

<+silo> Long ER2 @ 747.6 09:46

<+timmyb1> Exited all ER2 Long @ 748 --> + 1 «« paper »»

<+bazooka85> Covered all ER2 Short @ 747.7 --> - 0.4 «« paper »»

<@NihabaAshi> Exited ER2 Long @ 748.40 --> + 1.1

Holding 2 contracts 09:47

<+KN-SR> Exited 3/4 ES Long @ 1301.50 --> + 1.5

<+bazooka85> Shorts ER2 @ 748.6 «« paper »» 09:48

<+timmyb1> to be a engulfing does the body have to engulf or the body and wic count

Shorts ER2 @ 748 «« paper »» 09:49

<+szubaark> exit stop moved to breakeven ES @ 1300.25 «« paper »»

<+KN-SR> Exited ES Long @ 1301.00 --> + 1

Reverse and Enter Short ES @ 1301.00

<+manto> L 1300.25 es

<@NihabaAshi> Exited Remainder ER2 Long @ 747.50 --> + 0.2

<+timmyb1> Covered all ER2 Short @ 747.4 --> + 0.6 «« paper »»

<+szubaark> Exited all Long ES at 1300.25 --> - 11000 «« paper »»

<+bazooka85> Covered all ER2 Short @ 747.5 --> + 1.1 «« paper »»

<+timmyb1> darn theres my point

<+bazooka85> finally

<+KN-SR> Covered 3/4 ES Short @ 1298.50 --> + 2.5

Covered 1/4 ES Short @ 1299.00 --> + 2 09:50

<+timmyb1> Shorts ER2 @ 746 «« paper »»

<+bazooka85> hope i have a nihaba day today 0/3 then the rest all accurate :)

<+szubaark> so far quick Volatility bursts up and down with no followthru :(

Buys ES @ 1300.25 «« paper »»

Exited all Long ES at 1300.25 --> 0 «« paper »» 09:51

<+KN-SR> Covered 1/4 ES Short @ 1299.50 --> + 1.5

<+timmyb1> wow volatility is insane

defnintaely seems more to downside 09:52

<+bazooka85> yes

<+KN-SR> Covered ES Short @ 1299.75 --> + 1.25

Reverse and Enter Long ES @ 1299.75

s.l 1.25

<+bazooka85> Shorts ER2 @ 746.5 «« paper »» 09:53

oil breaking north, but i guess it is not the catalyst for this chaos

<+KN-SR> Exited ES Long @ 1299.25 --> - 0.5

Reverse and Enter Short ES @ 1299.25

s.l 1.25

<+timmyb1> downside iminent imo 09:54

<+KN-SR> Covered 3/4 ES Short @ 1298.25 --> + 1

<+silo> Exited all ER2 Long @ 746.3 --> - 1.3 09:55

<+timmyb1> my short was really bad entry

<+bazooka85> Covered ER2 Short @ 747.3 --> - 0.8 «« paper »» 09:56

Reverse and Enter Long ER2 @ 747.3 «« paper »»

<+KN-SR> Covered ES Short @ 1298.75 --> + 0.5

Reverse and Enter Long ES @ 1298.75

s.l 1.25 09:57

<+bazooka85> Exited all ER2 Long @ 748.1 --> + 0.8 «« paper »»

<Splurge> crikey this is a mess atm 09:58

<@NihabaAshi> [09:48] <+timmyb1> to be a engulfing does the body have to engulf or the body and wic count 09:59

Only engulfing the body is needed to be called "engulfing". 10:00

<+timmyb1> ok thanks

much appreciated

<+KN-SR> Exited 3/4 ES Long @ 1300.25 --> + 1.5

<@NihabaAshi> If the Wic and Body are both engulfed...that's ok too but not required

<+KN-SR> Exited 1/4 ES Long @ 1299.75 --> + 1

<+timmyb1> i was curious like if bodu does not but if u count wic it does 10:01

thanks for the help niha

<+KN-SR> Exited ES Long @ 1298.75 --> 0

Reverse and Enter Short ES @ 1298.75

s.l 1.25

<+bazooka85> Long ER2 @ 747.0 «« paper »»

Exited all ER2 Long @ 746.3 --> - 0.7 «« paper »» 10:02

<+timmyb1> baz buddy i am growing concerend

is your chart working properly

<+bazooka85> Long ER2 @ 746.4 «« paper »»

it's good

<+timmyb1> lol 10:03

<+bazooka85> some of it is messed up scaled wise

<+timmyb1> :)

<+bazooka85> im just the messed up one :((

<+timmyb1> yeah scaling drives me insane also

u can turn it off i think

<+silo> nq being very strong right now

<+KN-SR> Covered ES Short @ 1299.00 --> - 0.25

Reverse and Enter Long ES @ 1299.00

<+szubaark> Buys ES @ 1299.50 «« paper »»

<+silo> Long ER2 @ 747.40 10:04

<+KN-SR> Exited 3/4 ES Long @ 1300.50 --> + 1.5

s.l 1.25

<+bazooka85> Exited all ER2 Long @ 747.5 --> + 1.1 «« paper »» 10:05

<+timmyb1> nj baz

man this short is hurting me

<+szubaark> exit stop lowered ES @ 1299.50 «« paper »»

<+KN-SR> Exited 1/4 ES Long @ 1301 --> + 2

h7

<+bazooka85> Shorts ER2 @ 748.2 «« paper »» 10:06

<+szubaark> Expecting Volatility spike soon, hopefully to upside,Im Long

<@NihabaAshi> Long ER2 @ 748.70 -> small size

<+bazooka85> Covered all ER2 Short @ 748.9 --> - 748.2 «« paper »»

-.7

oops

<+silo> Exited all ER2 Long @ 748.7 --> + 1.3 10:07

<+timmyb1> Shorts ER2 @ 749 -> Add «« paper »»

didnt want to but had to average that poor short entry

im in a pickle now

<@NihabaAshi> Exited ER2 Long @ 749.00 --> + 0.3 10:08

:(

geeesh

<+bazooka85> Shorts ER2 @ 748.8 «« paper »»

<+timmyb1> what happened niha

<@NihabaAshi> price action sucks after entry

<+timmyb1> yeah totally understand

<+bazooka85> they know you are there

<+timmyb1> lol

<+szubaark> lots of shakes,even with good entry easy to get shaken out :( 10:09

<+timmyb1> yeah this is tough trading for me

did well until that bad entry short

might be in a jamb soon here

<@NihabaAshi> Besides...I missed the boat on that trade any way because I should have been Long way back at 747.00

<+KN-SR> Exited ES Long @ 1300.25 --> + 1.25 10:10

Reverse and Enter Short ES @ 1300.25

<+timmyb1> yeah i see what ur saying

<+szubaark> Exited all Long ES at 1299.50 --> 0 «« paper »»

<+silo> Shorts ER2 @ 748.40

<+KN-SR> Covered 3/4 ES Short @ 1298.75 --> + 1.5 10:12

<+bazooka85> Covered all ER2 Short @ 784.4 --> - 748.8 «« paper »»

damn it

<+silo> Covered ER2 Short @ 749.20 --> - 0.8

Reverse and Enter Long ER2 @ 749.20

<+bazooka85> +.4*

<@NihabaAshi> oh oh 10:13

<+szubaark> Buys ES @ 1301.25 «« paper »»

<+bazooka85> ER acting spradically

switching to ES

<@NihabaAshi> This next 2mins will be telling after that volatility spike

<+KN-SR> Shorts ES @ 1300.50 10:14

add

<+bazooka85> Long ES @ 1300.25 «« paper »» 10:15

<+KN-SR> s.l 01.75

bbl

need a break

<@NihabaAshi> conflict in the price action...I'm sidelined

<+tzar> bazooka85 vs KN-SR

<+szubaark> here we go 10:16

<+silo> Long ER2 @ 750 -> Add

<+bazooka85> lol

im going to get pwned

<@NihabaAshi> picture is getting clearer

<+bazooka85> Exited all ES Long @ 1301.25 --> + 1 «« paper »» 10:17

too scared

<@NihabaAshi> Long ER2 @ 749.90 -> medium size

<+szubaark> NQ on its own

<+timmyb1> man i did so well at first, then because i wouldnt let a loser go 10:18

i gave up my gains

and now am waiting for a spot to average my short

<+bazooka85> Long ES @ 1300.00 «« paper »»

Exited ES Long @ 1299.50 --> - 0.5 «« paper »» 10:20

Reverse and Enter Short ES @ 1299.50 «« paper »»

reversed at 99.75*

<+szubaark> Exited all Long ES at 1299.50 --> - 1.75 «« paper »»

Shorts ES @ 1299.50 «« paper »»

<@NihabaAshi> Exited all ER2 Long @ 748.90 --> - 1 10:21

Shorts ER2 @ 748.40 -> medium size

<+silo> Exited ER2 Long @ 748.1 --> - 1.1

Reverse and Enter Short ER2 @ 748.1

<+bazooka85> Covered all ES Short @ 1298.75 --> + 0.75 «« paper »» 10:22

<@NihabaAshi> skittish 10:23

<+szubaark> Brokers and exchanges Love these type of days

<@NihabaAshi> Yeah...I'm trying very hard not to over trade right now 10:24

Haven't done any position reversals in this type of price action

<+timmyb1> Covered all ER2 Short @ 747.50 --> 0 «« paper »» 10:25

<+bazooka85> woo was about to catch a falling knife!

<+timmyb1> what

its not adding mine right

Shorts ER2 @ 747.30 «« paper »» 10:26

Covered all ER2 Short @ 747 --> + 0.3 «« paper »»

<@NihabaAshi> tighten trailing stop

<+szubaark> exit stop moved to breakeven ES @ 1299.50 «« paper »»

<+KN-SR> Covered 1/2 ES Short @ 1297.50 --> + 3

we may see 1280 today by hr and half 10:27

<+timmyb1> Long ER2 @ 747 «« paper »»

<+bazooka85> Shorts ES @ 1297.50 «« paper »»

<+KN-SR> bbl 10:28

<@NihabaAshi> Covered 3/4 ER2 Short @ 746.90 --> + 1.5

<+szubaark> Covered all Short ES at 1298 --> + 1.5 «« paper »»

Shorts ES @ 1296.25 «« paper »» 10:29

<+bazooka85> nice!!!

<+KN-SR>