#FuturesTrades August 12th 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 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>	Covered 1/4 ES Short @ 1296 --> + 4.5
<+szubaark>	nice kn
<+KN-SR>	h 11	10:30
	thanks
	Covered 1/4 ES Short @ 1295.50 --> + 5
	h10
<+timmyb1>	Long ER2 @ 745.00 -> Add «« paper »»
<+bazooka85>	still waiting for oil to rally
<@NihabaAshi>	Covered Remainder ER2 Short @ 745.00 --> + 3.4
<+KN-SR>	cool	10:31
<+bazooka85>	sick numbesr
<+szubaark>	Nice Niha
<+timmyb1>	Long ER2 @ 744.00 -> Add «« paper »»	10:32
<+KN-SR>	Covered 1/4 ES Short @ 1294.50 --> + 6
	h9
<+bazooka85>	Covered all ES Short @ 1294.50 --> + 3 «« paper »»
	yeahhhhh
<+silo>	Covered all ER2 Short @ 743.3 --> + 11.5
	wheew.. now i'm positive :P	10:33
<+bazooka85>	holy moley!!
<+timmyb1>	jeez	10:34
<+bazooka85>	Long ES @ 1294.50 «« paper »»
<+timmyb1>	sis tehy say something on cnbc
	gosh
<+szubaark>	exit stop moved to breakeven ES @ 1296.25 «« paper »»	10:35
<+silo>	Long ER2 @ 744.90	10:36
<@NihabaAshi>	Long ER2 @ 745.00 -> small size	10:38
	2 only
<+timmyb1>	nice entry imo	10:39
<+szubaark>	Weak Support area here
<+bazooka85>	Exited all ES Long @ 1295.25 --> + 0.75 «« paper »»
	Shorts ES @ 1295.00 «« paper »»
	god damn it
	going against nihaba	10:40
<@NihabaAshi>	bazooka...I'm not looking for much on this trade
	Thus, we both may make a profit	10:41
	Exited ER2 Long @ 745.70 --> + 0.7
<+szubaark>	Covered all Short ES at 1296.25 --> 0 «« paper »»
<+bazooka85>	Covered all ES Short @ 1296.25 --> - 1.25 «« paper »»
	:(
<+timmyb1>	Exited all ER2 Long @ 745.80 --> + 0.6 «« paper »»	10:42
<+bazooka85>	oil divergence	10:43
<@NihabaAshi>	I have a better start today in my trading (no consecutive losers) in skittish price action while yesterday was good trading conditions that I had difficulty in exploiting.
<+bazooka85>	Long ES @ 1296.00 «« paper »»
<+Splurge>	I too had reall problems yesterday
<+timmyb1>	Shorts ER2 @ 745.5 «« paper »»
<+silo>	we're in a downtrend	10:44
	but this bounce could go up to 748
	long term speaking
<+bazooka85>	yeesss	10:45
	spoke too soon	10:46
<+silo>	:\	10:47
<+bazooka85>	Exited all ES Long @ 1295.75 --> - 0.25 «« paper »»
	well oil didnt follow as inversely strong as before, which screwed up my trade	10:49
	Shorts ES @ 1297.00 «« paper »»	10:50
	brb	10:52
<+szubaark>	Shorts ES @ 1296.25 «« paper »»	10:53
<+silo>	Exited ER2 Long @ 744.70 --> - 0.2	10:54
	Reverse and Enter Short ER2 @ 744.70
<+bazooka85>	wooo!!
<+silo>	Covered all ER2 Short @ 745.60 --> - 0.9	10:56
<+szubaark>	Covered all Short ES at 1297 --> - 0.75 «« paper »»	10:57
<+timmyb1>	Shorts ER2 @ 746.00 -> Add «« paper »»	10:58
<+silo>	Long ER2 @ 746.20
<+szubaark>	lots of fakeouts in this chop	10:59
<+timmyb1>	Covered all ER2 Short @ 745.4 --> + 0.7 «« paper »»	11:00
<Bambam-77>	1297 to 1288 pos 97 is key for me
<+bazooka85>	Covered ES Short @ 1296.50 --> - 1297 «« paper »»
	Reverse and Enter Long ES @ 1296.50 «« paper »»
	+.50
<+timmyb1>	Long ER2 @ 745.7 «« paper »»
<+silo>	sutck in no man's land	11:01
<+szubaark>	Shorts ES @ 1296 «« paper »»	11:02
<+bazooka85>	more flexible stop	11:03
<+szubaark>	exit stop set ES @ 1297.25 «« paper »»
	hopefully it wont just ding Stops here	11:04
<+silo>	Exited all ER2 Long @ 744.5 --> - 1.7
<+timmyb1>	oh snap
	man this is painful today	11:05
	lower highs waht was i thinking
<+szubaark>	Covered all Short ES at 1297.25 --> - 1.25 «« paper »»	11:06
	they just whacking Stops up and down
<+bazooka85>	Exited all ES Long @ 1297.25 --> + 0.75 «« paper »»	11:07
<+silo>	Exited all ER2 Long @ 745.60 --> - 0.6
	Long ER2 @ 746.2 -> large size
<+bazooka85>	Shorts ES @ 1298.00 «« paper »»
<+timmyb1>	Exited all ER2 Long @ 747 --> + 1.3 «« paper »»
<+szubaark>	Shorts ES @ 1297.75 «« paper »»
<+silo>	man i got chopped to death earlier hehe	11:08
	going back and forth
	giving away my profit hehe
	trying to catch this move :\
* codehead_afk	is now known as codehead
<+szubaark>	thats the nature of the Beast
<+silo>	my deam is to one day be the beast tamer	11:09
<Baxwill>	Silo, really nice exit back at 743.0
<+silo>	haha yeah
	but then i gave back that profit in the chop :\
	i am overtrading today :)(	11:10
	:\
<+szubaark>	Covered all Short ES at 1299 --> - 1.25 «« paper »»
<+Baxwill>	You seem in control of most beasts now
<+szubaark>	Buys ES @ 1299 «« paper »»
<+timmyb1>	Shorts ER2 @ 746.9 «« paper »»	11:11
<+szubaark>	sure doesnt look like they want to go lower	11:12
<+bazooka85>	jeez	11:13
	nihaba do you do anything along the lines of martingale	11:16
	Covered all ES Short @ 1299.25 --> - 1298 «« paper »»	11:19
<+timmyb1>	Shorts ER2 @ 748.00 -> Add «« paper »»
<+bazooka85>	-1.25
<+szubaark>	Intraday High test possible
<+silo>	Exited all ER2 Long @ 748.40 --> + 2.2	11:20
<+bazooka85>	Shorts ES @ 1299.25 «« paper »»	11:21
<+timmyb1>	whats anyone opinion fo averaging in
	of averaging in
<+silo>	Long ER2 @ 749.10
	only wanted to exit half on that last trade
	so back in for a little greedy trade here :)	11:22
<+bazooka85>	oil approaching resistance
<+timmyb1>	darn i am missing this long to try to prove a point
<+bazooka85>	weak resistance*
<+timmyb1>	volume falling off
	Shorts ER2 @ 748.5 -> Add «« paper »»	11:23
<+bazooka85>	volume divergence, looks bullish*
	i mean short*
	sorry
<+timmyb1>	nice topping tail forming
	come on oil bounce	11:24
	wow u turnt he oil chart upside down and u got the er chart lol	11:25
<+silo>	wow this sucks... the greedy trade was onyl supposed to be 1 contract
	made a mistake
<+timmyb1>	inverted hammer on 5 min ER
<+silo>	forgot to change back 2 contracts to 1
<+timmyb1>	well i duno about hammer there is no body
	what ur guys opinion
<+bazooka85>	broke pass resistance
	that is a neutral wick timmy
<+timmyb1>	ahhh about time u read the book	11:26
<+silo>	luck might be on my side hehe
<+bazooka85>	volume running dry* or undecisive
<+timmyb1>	we goin down from ehre imo	11:27
<+silo>	wow i'm so lucky hehe
	made a mistake .... but might turn in my favor :P
<+timmyb1>	you short now silo??	11:28
<+szubaark>	ES needs to get above this 1300 forany more upside
<+timmyb1>	749 resistance on ER
<+silo>	no i'm long
<+Bambam-77>	longs working above 97 as posted protect positions
<+bazooka85>	Covered ES Short @ 1300.50 --> - 1.25 «« paper »»
	Reverse and Enter Long ES @ 1300.50 «« paper »»
<+silo>	only wanted to long 1 contract	11:29
	but forgot to change it back
	so i'm long 2
	which is max for me
<+timmyb1>	oh ok
<+silo>	was really scared for a sec earlier
<+szubaark>	silo luck doesnt hurt in this racket
<+silo>	749.90 is important	11:30
<+szubaark>	exit stop moved to breakeven ES @ 1299 «« paper »»
<+timmyb1>	dang i folowed oil this am and scored
	now failing ahrd not following oil
<kosmipt>	oil still dropping
<+silo>	Exited 1/2 ER2 Long @ 749 --> - 0.1
	out half	11:31
	now position is where i want it now
	much more comfortable
	hehe
<+timmyb1>	oil bouncing a tad
	come on er lower high
<+bazooka85>	out	11:32
	Exited all ES Long @ 1299.75 --> - 0.75 «« paper »»
	:(
<+kosmipt>	short ES 1301.00	11:33
<+Bambam-77>	01.75 is open range hi
<+bazooka85>	Shorts ER2 @ 748.6 «« paper »»	11:34
<+silo>	Exited ER2 Long @ 748 --> - 1.1	11:36
	Reverse and Enter Short ER2 @ 748
<+bazooka85>	Covered all ER2 Short @ 748.2 --> + 0.4 «« paper »»	11:37
<+kosmipt>	out all ES 1299.50 +1.50	11:38
<+Bambam-77>	750 is key # to watch in the er below ss above long	11:39
<+szubaark>	Exited all Long ES at 1299 --> 0 «« paper »»	11:40
	Shorts ES @ 1299 «« paper »»
<+kosmipt>	long ES 1299.00
<+silo>	today is very choppy
	so my money management style is a bit different
	same with the amount of trades i'm doing
	already exceeded my usual daily amount	11:41
	i'm just trying to catch the bigger moves now
	and today... we have only had 2 so far
	rest is just chop
	at least on 2min,3min chart
<+bazooka85>	Long ER2 @ 747.6 «« paper »»
<+kosmipt>	out all ES 1300.00 +1.00	11:43
<@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
<+bazooka85>	Exited all ER2 Long @ 748.4 --> + 0.8 «« paper »»	11:48
	Long ER2 @ 748.4 «« paper »»	11:49
	volume divergence on this bullish oil rally	11:51
<+timmyb1>	volume dying everywhere	11:52
<+silo>	after this trade i think i will just relax a little and wait for hte afternoon action
<+timmyb1>	must be close to lucnh
<+silo>	watch ufc 87 :)
	taht i downloaded last night
	:D
<+timmyb1>	I got a bearish engulfing
	small one
	on 5 min ER
	gotta love auto candle stick recognition
<+bazooka85>	that's illegal silo!	11:53
<+timmyb1>	lol baz
	maybe silo lives in nigeria
<+szubaark>	exit stop set ES @ 1300 «« paper »»
<@NihabaAshi>	Shorts ER2 @ 748.00 -> small size
	too early on that trade - trade error	11:54
<+szubaark>	ES loves this 1300
	Brutal chop in this area
	Covered all Short ES at 1299.25 --> - 0.25 «« paper »»	11:56
<@NihabaAshi>	Covered ER2 Short @ 748.00 --> 0
<+bazooka85>	have stop and reverse ready
<@NihabaAshi>	Houdini Escape out of the bad trade
<+bazooka85>	lol
<+timmyb1>	no volume her on ER	11:57
	last 15 mins
<+bazooka85>	whew was 1 tick away from my stop and reverse
<@NihabaAshi>	That's my second documented trade error for the day...
	One more and I'm done trading for the day.	11:58
<+bazooka85>	Exited ER2 Long @ 747.4 --> - 1 «« paper »»
	Reverse and Enter Short ER2 @ 747.4 «« paper »»
<+Splurge>	wish my errors worked that way Niha
<@NihabaAshi>	Shorts ER2 @ 747.10 -> medium size	12:00
<+bazooka85>	i would like an increase in volume on oil
	anytime soon. .
<+szubaark>	Buys ES @ 1298.75 «« paper »»	12:01
<@NihabaAshi>	Lowering my position size after this trade...volatility too low for me	12:02
<+bazooka85>	Covered ER2 Short @ 747.2 --> + 0.2 «« paper »»
	Reverse and Enter Long ER2 @ 747.2 «« paper »»
<@NihabaAshi>	Will keep it to 1 contract only for the remainder of the trading day especially since I have a cushion of dollars above my profit goal for the day.
<Alturus>	what was your target today niha?	12:03
<@NihabaAshi>	$1100 for today
	I'm also below my trade frequency for a range day like today...I tried hard today not to over trade today when I saw the range developing.	12:05
	volatility still declining	12:06
<+bazooka85>	over trading
	ahhhhh
<@NihabaAshi>	expecting a spike here soon...hopefully not upwards
<+bazooka85>	epiphany	12:07
<@NihabaAshi>	tighten trailing stop
<+szubaark>	exit stop set ES @ 1298 «« paper »»
<+bazooka85>	sigh	12:10
<+szubaark>	Exited remainder Long ES at 1298 --> - 0.75 «« paper »»
<+bazooka85>	Exited ER2 Long @ 746.5 --> - 0.7 «« paper »»
	Reverse and Enter Short ER2 @ 746.5 «« paper »»
<+szubaark>	Shorts ES @ 1298 «« paper »»
<+bazooka85>	good at calling break outs, bad a picking which way
	overtrading
<+szubaark>	getting a lot of small loses adding up slowly and commissions :((	12:11
<+timmyb1>	darn missed entry	12:12
<+szubaark>	hopefully market stops being so tough here and picks a direction
<+timmyb1>	Shorts ER2 @ 746.10 «« paper »»
<@NihabaAshi>	Covered 1/2 ER2 Short @ 746.20 --> + 0.9
<+bazooka85>	oil going up on low vol	12:13
<+szubaark>	I stayed away from the morning chop and didnt expect it to continue til afternoon :(	12:14
<@NihabaAshi>	Covered Remainder ER2 Short @ 746.90 --> + 0.2
	:(
<+bazooka85>	Shorts ER2 @ 746.8 «« paper »»
<+timmyb1>	its still profit niha nice trade
<@NihabaAshi>	stop got picked pocket
<+timmyb1>	:(
<+bazooka85>	nice healthy oil bullish tick :D	12:15
<+timmyb1>	wish i woulda fille at 747
	this 746.1 not best entry
<@NihabaAshi>	ER2 was sitting at 746.50 with my trail @ 747.70
	I then lowered it to 746.90 and ER2 shoots up from 746.50 to 746.90 just to steal my contracts and then it quickly retraced back to 746.50	12:16
	:(
<+timmyb1>	:(	12:17
	niha i have been reading your hammer thread at elitetrader	12:18
	there slike 150 pages lol
<+bazooka85>	lol
<+timmyb1>	im on like 20
<@NihabaAshi>	That's an old thread although still applicable
<+bazooka85>	that has happened to me twice already today
<+timmyb1>	well no offense but i dont have the money to buy your teaching so i googled your name to try to learn what i can ;)	12:19
<@NihabaAshi>	Candlesticks is just a secondary trading approach for me...
<+timmyb1>	i did put 2 dollars in my piggy bank saving up tho :)
<+silo>	man iw as scared for a second	12:20
<@NihabaAshi>	However, if gives me a lot of info about minor s/r levels
	if = it
<+silo>	cable,internet, phone all went down twice
	just nwo
<+timmyb1>	yeah i just trying to learn what i can second hand form you great traders
<+silo>	think they are doing constructions nearby
<+bazooka85>	keep your stops silo
	as soon as u enter
<+timmyb1>	im tired of losing and ready to learn the correct ways of doing thingas
<@NihabaAshi>	That was a tough thread at ET for me...
	Had to send a few bashers that threaten to show up some broker statements to keep them away :(	12:21
<+timmyb1>	geesh
	your just trying to help
<@NihabaAshi>	It kepted the thread "very clean" without any bashing.
<+timmyb1>	i did notice the beginning of the thread some reluctance
	im sure your broker statements got them inline	12:22
<+bazooka85>	jeez decreasing vol again	12:23
	soo slow
<+timmyb1>	i hope we get a downside move here
<+szubaark>	Covered all Short ES at 1298.25 --> - 0.25 «« paper »»
	will come back for later session as this is just Brutal Creep now	12:24
<+bazooka85>	Covered ER2 Short @ 747.2 --> - 746.8 «« paper »»
	Reverse and Enter Long ER2 @ 747.2 «« paper »»
<@NihabaAshi>	Long ER2 @ 747.10 -> small size	12:25
<+szubaark>	Buys ES @ 1299.25 «« paper »»
<+timmyb1>	long hmmmm
	i dont see it
	this shoudl be interesting	12:26
<@NihabaAshi>	1 only and I thought I missed the train on this trade until I saw it get stuck at 747.00
<+timmyb1>	i see
	thatnks for all the input today niha
<+szubaark>	see good setup here, gonna take it
<+bazooka85>	ER2 lagging behind other indices	12:27
<@NihabaAshi>	oh oh
	bailing
<+timmyb1>	bailing but ur long
	hmm volatility picking up again	12:28
<@NihabaAshi>	Yeah...trying to do a Houdini Escape
<+timmyb1>	lol
	ur inda money your inda money :)
<@NihabaAshi>	ER2 hit a wall and I got confirmation @ 746.80	12:29
<+timmyb1>	can i ask what u used as confirmation
<@NihabaAshi>	"market experience"
<+timmyb1>	thought so
	;)	12:30
	nice call
<@NihabaAshi>	Got an order in for 747.20 to get out	12:31
	volatility declining more :(	12:32
<+bazooka85>	PICK A DIRECTION!!! jeez
	im pulling my hair out to paper trading
<@NihabaAshi>	Less nervous when a trade is profitable with low volatility	12:33
<+bazooka85>	i can only imagine real
<@NihabaAshi>	Yeah...market can't decide on the direction right now...
	It just did.
<+bazooka85>	Exited ER2 Long @ 746.5 --> - 0.7 «« paper »»
	Reverse and Enter Short ER2 @ 746.5 «« paper »»
<@NihabaAshi>	Exited ER2 Long @ 746.00 --> - 1.1
	Reverse and Enter Short ER2 @ 746.00
<+bazooka85>	nice niha	12:34
<+szubaark>	Exited all Long ES at 1297.50 --> - 1.75 «« paper »»
	Shorts ES @ 1297.50 «« paper »»
	nasty fakeout
	TANK!!!!
<@NihabaAshi>	Target reached on the Short...trying to get a little greedy...tighten up trailing stop	12:35
<+bazooka85>	Covered all ER2 Short @ 745.4 --> + 1.1 «« paper »»
	going back short on a dip
<+timmyb1>	Covered all ER2 Short @ 745.4 --> + 3.8 «« paper »»	12:38
<+bazooka85>	holy crap
	nm im too scared!
	bear hammer oil
<@NihabaAshi>	Treasuries up nicely today after the bounce off yesterday's lows.	12:39
<+bazooka85>	Long ER2 @ 745.2 «« paper »»	12:40
	tight stop	12:41
<+szubaark>	Covered all Short ES at 1297.75 --> - 0.25 «« paper »»
	this market is nuts today
<@NihabaAshi>	Covered ER2 Short @ 745.20 --> + 0.8	12:42
<+timmyb1>	Shorts ER2 @ 745.10 «« paper »»
<+szubaark>	Buys ES @ 1298.50 «« paper »»
<werner>	hi all
<+Andy>	hello werner, all	12:43
<+bazooka85>	gotta love it when your platform freezes when you are about to put your stops :)
	Exited all ER2 Long @ 745.6 --> + 0.4 «« paper »»	12:44
<+werner>	yo andy
<KN-SR>	so, we are holding 12.25 level pretty solid	12:46
<@NihabaAshi>	Quick action and now the volatility is contracting again	12:49
<+bazooka85>	Long ER2 @ 745.4 «« paper »»
<@NihabaAshi>	EuroFX not doing too much today	12:51
<+bazooka85>	how many avg round trips a day nihaba
	not per contract	12:52
	just trips all together
<+KN-SR>	1298.00 <--- add
<palmer>	add? is that a long	12:53
<+bazooka85>	it's green	12:54
	oh
	nm
	niceeee	12:55
<+szubaark>	ES back to this 1300	13:01
<@NihabaAshi>	Long ER2 @ 747.30 -> small size
	intentionally chasing
<+timmyb1>	uh oh bad chasing	13:02
	come on go up
<+szubaark>	yeah no kidding
<@NihabaAshi>	Risk under control...1 contract only...profit area still not reached...volatility increasing	13:03
<bazooka85>	Exited all ER2 Long @ 747.5 --> + 2.1 «« paper »»
<+bazooka85>	yeeeee
<@NihabaAshi>	still not getting any help for other key markets
	Thus, ER2 is on its own
	Exited ER2 Long @ 747.70 --> + 0.4	13:05
	took an early exit because I thought I could catch a pullback re-entry at a lower price of a few ticks	13:06
<+bazooka85>	Shorts ER2 @ 747.6 «« paper »»
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>	time just ran out
<+bazooka85>	tight stop
<+szubaark>	geez still not going up
<@NihabaAshi>	Be back later...late lunch break
	Will also watch some Olympic events :)	13:07
<+KN-SR>	1299.00 <--- add
* NihabaAshi	is now known as NihabaAshi_away
<+szubaark>	Exited all Long ES at 1298.50 --> 0 «« paper »»
<+bazooka85>	oil rallying
	other markets falling
	ER not yet
<+szubaark>	taking a break, this is untradable	13:08
<+timmyb1>	Shorts ER2 @ 747.6 -> Add «« paper »»	13:10
<+kosmipt>	short ES 1297,75	13:15
<+bazooka85>	Covered all ER2 Short @ 747.1 --> - 747.6 «« paper »»
	+.5*	13:16
	oil very strong
<MK>	Shorts ER2 @ 747.3 «« paper »»	13:18
<+bazooka85>	volume divergence ER
	2 min neutral tick and im in bull
<+kosmipt>	covered ES 1298.00 -0.25	13:19
<bazooka85>	Long ER2 @ 747.4 «« paper »»	13:20
<silo>	back
<+silo>	comcast went down completely
	phone, tv, internet :(
	Covered all ER2 Short @ 745.6 --> + 2.4
	that was the short trade i was stuck in	13:21
	had to call in to openEcry
<+bazooka85>	whew
<+silo>	good thing i got out before that jump in price hehe
	thank god
<+bazooka85>	Exited all ER2 Long @ 746.8 --> - 0.6 «« paper »»	13:22
<+kosmipt>	long ES 1297.00
<+bazooka85>	YM dropping hard	13:23
<+MK>	Covered 1/3 ER2 Short @ 745.9 --> + 1.4 «« paper »»
<+Bambam-77>	measured move see's us below 88
<+szubaark>	Shorts ES @ 1296.50 «« paper »»	13:24
<+bazooka85>	Long ER2 @ 746.2 «« paper »»
	tight stop
	lengthened stop*	13:25
<+Bambam-77>	need to clear this 97 nad 88 should be in cards	13:26
<+timmyb1>	Covered all ER2 Short @ 746 --> + 0.7 «« paper »»	13:28
<+bazooka85>	ok i no longer like oil as an indicator	13:29
<+MK>	Covered 1/3 ER2 Short @ 745.7 --> + 1.6 «« paper »»
<+timmyb1>	Shorts ER2 @ 746 «« paper »»
<+bazooka85>	big descrepancies today
	Long ER2 @ 745.8 -> Add «« paper »»	13:30
<+kosmipt>	covered ES 1295.50 -1.50	13:31
<+timmyb1>	Shorts ER2 @ 746.20 -> Add «« paper »»
<+silo>	Shorts ER2 @ 745
<+bazooka85>	Exited ER2 Long @ 745.1 --> - 1.1 «« paper »»	13:32
	Reverse and Enter Short ER2 @ 745.1 «« paper »»
<+KN-SR>	Covered 1/3 ES Short @ 1295.50 --> + 5
	out all 98
<+MK>	Covered Remainder ER2 Short @ 745.3 --> + 2 «« paper »»
<+bazooka85>	hating ER, ES looking much easier hindsight	13:34
<+KN-SR>	:)
	today ES is much cleaner :)
<+bazooka85>	yeah	13:35
	:(
<+KN-SR>	like ER2 was yesterday
<+timmyb1>	Covered all ER2 Short @ 745.60 --> + 1 «« paper »»
<+bazooka85>	how do you pick them KN
	unusual volatility stinks
<+timmyb1>	Long ER2 @ 745.9 «« paper »»
	Long ER2 @ 745.2 -> Add «« paper »»	13:36
<+KN-SR>	i dont pick them.....normally go with ES but
<+timmyb1>	come on bad trade	13:37
	wanted short got long on accident
<+KN-SR>	had a plan to trade ER2 atleast for another day.........and trade good
	b4 it goes to another exchange
	was lucky
	:)
<+Splurge>	I hope there is not much change otherwsie I will be up swanny river
<+Bambam-77>	what exchange been away for 2 weeks whats happening to er	13:38
<+bazooka85>	very irrational today imo
	compared to YM and ES
<+Splurge>	moving to EYBOT in September apparently
<+KN-SR>	Covered 1/3 ES Short @ 1296.00 --> + 4.5
<+Splurge>	NYBOT
<+KN-SR>	h 9 (1300.50) + 3 (1299.00)
<+bazooka85>	Covered all ER2 Short @ 745.8 --> - 0.7 «« paper »»	13:40
	sigh
	going to weep for my paper losses today
<+timmyb1>	Exited all ER2 Long @ 746.00 --> + 0.9 «« paper »»
<+bazooka85>	taking one last long
	err short*	13:41
	guess not, coming back later	13:42
<+szubaark>	this is a Weird chart today	13:44
<+MK>	Shorts ER2 @ 746.6 «« paper »»	13:46
<+timmyb1>	Shorts ER2 @ 746.6 «« paper »»	13:47
<+Splurge>	signed upfor Russell data feed from tomorrow from NYBOT - will need to see what its like compared to current
<+timmyb1>	747 short pending
	i hope zenfire keeps er feed	13:48
<@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>	Shorts ER2 @ 747.00 -> Add «« paper »»	13:51
<+MK>	let's see if we break 745	13:52
<+timmyb1>	Covered all ER2 Short @ 746.00 --> + 1.6 «« paper »»	13:53
<pdays>	1295.5	13:56
<+timmyb1>	Shorts ER2 @ 745.2 «« paper »»
	Shorts ER2 @ 745.20 -> Add «« paper »»	13:57
	oil launching again
<+szubaark>	Covered all Short ES at 1296 --> + 0.5 «« paper »»	14:00
<+kosmipt>	long ES 1295.50	14:01
<+szubaark>	Buys ES @ 1296.50 «« paper »»	14:02
<silo>	freaking went down again	14:03
<+silo>	Covered all ER2 Short @ 746 --> - 1
<+szubaark>	get DSL
<+silo>	had to call in the order again :(
	J@$O@*#&$)#($
<Spartan>	Shorts NQ @ 1949.50 «« paper »»	14:05
<+szubaark>	hi Spartan,welcome back :)
<+Spartan>	hello szu and everyone
<+szubaark>	Exited all Long ES at 1297 --> + 0.5 «« paper »»	14:07
<+MK>	Covered all ER2 Short @ 744.8 --> + 1.8 «« paper »»	14:08
<+szubaark>	Shorts ES @ 1295.25 «« paper »»	14:09
	tough to stay in a position and hold for more points due to the shakes	14:11
<+MK>	Long ER2 @ 745 «« paper »»	14:13
<+timmyb1>	Covered all ER2 Short @ 744.80 --> + 0.8 «« paper »»
<bazooka85>	back!	14:15
<+bazooka85>	miss me? :D
<+timmyb1>	Shorts ER2 @ 744.4 «« paper »»	14:17
<+bazooka85>	Shorts ER2 @ 744.8 «« paper »»	14:18
<+timmyb1>	Shorts ER2 @ 745.00 -> Add «« paper »»	14:19
<kosmipt>	out all ES 1295.00 -0.50	14:21
<+bazooka85>	Covered all ER2 Short @ 745.4 --> - 744.8 «« paper »»	14:22
	-.6	14:23
<+szubaark>	Covered all Short ES at 1296.25 --> - 1 «« paper »»
	geez
	Buys ES @ 1296.50 «« paper »»
<+MK>	Exited all ER2 Long @ 746.1 --> + 1.1 «« paper »»	14:24
<+bazooka85>	Shorts ER2 @ 746.3 «« paper »»
<+Spartan>	Covered all NQ Short @ 1954.50 --> - 5 «« paper »»	14:27
<+szubaark>	Volatility picking up
<+timmyb1>	dang it i am caught short
<+silo>	Covered ER2 Short @ 747.50 --> - 2.5
	Reverse and Enter Long ER2 @ 747.50
<+szubaark>	you and silo
<dan_>	1298.50 <--- add	14:28
<+bazooka85>	Covered ER2 Short @ 747.0 --> - 746.3 «« paper »»
	Reverse and Enter Long ER2 @ 747.0 «« paper »»
* dan_	is now known as KN-SR
<+timmyb1>	Shorts ER2 @ 747.5 -> Add «« paper »»
<+bazooka85>	-.7*
<+szubaark>	Exited all Long ES at 1297.50 --> + 1 «« paper »»	14:31
<+Spartan>	Long ES @ 1298 «« paper »»	14:36
<+szubaark>	Buys ES @ 1298 «« paper »»
<bazooka85>	seriously ER acting weird	14:40
<+bazooka85>	lol
<+szubaark>	exit stop set ES @ 1296 «« paper »»	14:42
	Exited all Long ES at 1296 --> - 2 «« paper »»	14:44
<+Spartan>	Exited all ES Long @ 1296 --> - 2 «« paper »»
<+szubaark>	Shorts ES @ 1295.75 «« paper »»
	another frikin fakeout	14:45
<+silo>	Exited all ER2 Long @ 746.9 --> - 0.6
<+szubaark>	brutal day	14:46
<+silo>	Long ER2 @ 747.4
<JimL>	er not willing right now to follow es &nq dwn
<+szubaark>	Ive been looking for that huge frikin 10 Point spike either way that just never came	14:47
	Covered all Short ES at 1297 --> - 1.25 «« paper »»
	Buys ES @ 1297 «« paper »»	14:48
<+Alturus>	how many contracts do you guys usually trade?
<+szubaark>	SQueezzeeee
<+bazooka85>	Exited all ER2 Long @ 746.7 --> - 0.3 «« paper »»
	:(	14:49
	Long ER2 @ 746.3 «« paper »»	14:50
<+Spartan>	Shorts ES @ 1296.50 «« paper »»	14:52
<+bazooka85>	Exited all ER2 Long @ 747.1 --> + 0.8 «« paper »»	14:58
<+szubaark>	Exited all Long ES at 1295.75 --> - 1.25 «« paper »»
	Shorts ES @ 1295.75 «« paper »»
	TANK!!	14:59
<+bazooka85>	Shorts ER2 @ 746.5 «« paper »»
<+MK>	Shorts ER2 @ 746.7 «« paper »»
<+Spartan>	Covered 1/2 ES Short @ 1294.50 --> + 2 «« paper »»
<+silo>	Exited ER2 Long @ 746.1 --> - 1.3
	Reverse and Enter Short ER2 @ 746.1
<+timmyb1>	Covered all ER2 Short @ 746.00 --> - 0.1 «« paper »»	15:00
<+bazooka85>	Covered all ER2 Short @ 745.2 --> + 1.3 «« paper »»	15:01
<+Spartan>	Covered Remainder ES Short @ 1291.50 --> + 5 «« paper »»
<KN-SR>	Covered 2/3 ES Short @ 1291.50 --> + 9	15:02
<+MK>	Covered all ER2 Short @ 745.1 --> + 1.6 «« paper »»
<+KN-SR>	h 2 + 9
<+bazooka85>	beast kn
<+KN-SR>	:) .. what have i done! ?
<+bazooka85>	have the patience to hold	15:03
	throughout this havoc
<+KN-SR>	told u, all the analysis should be done b4 u get in a trade
	not when or after u r in a trade
<+MK>	Long ER2 @ 744.5 «« paper »»
<+KN-SR>	it worked again :)
<+bazooka85>	approaching yesterdays lows	15:04
<+Bambam-77>	1288 on dec as projected
<+bazooka85>	Long ER2 @ 745.4 «« paper »»
	Exited all ER2 Long @ 744.8 --> - 0.6 «« paper »»	15:05
	well im a noob
<+szubaark>	how long uve been in this racket?	15:06
<+bazooka85>	Long ER2 @ 744.7 «« paper »»
	trying to knife catch again
	intraday support ER	15:07
<+Bambam-77>	below 743 er will want 736
<+bazooka85>	Exited all ER2 Long @ 745.2 --> + 0.5 «« paper »»	15:09
<+KN-SR>	Covered 1/4 ES Short @ 1292.50 --> + 8
	h 8
<+Bambam-77>	wtg
<+MK>	Exited 1/3 ER2 Long @ 745.8 --> + 1.3 «« paper »»
<+KN-SR>	:)	15:10
<+bazooka85>	oil at a stand still
<+KN-SR>	not getting that 10
	so close but so far
	away
<+timmyb1>	i think oil closed baz	15:11
<+KN-SR>	come on...... 1 tick
<+Spartan>	Shorts ER2 @ 745 «« paper »»
<+bazooka85>	Long ER2 @ 745.0 «« paper »»
<+KN-SR>	yessssssssssssssssssssssssssssss	15:12
<+bazooka85>	noooooo
<+KN-SR>	Covered 1/4 ES Short @ 1290.50 --> + 10
	h6
<+szubaark>	nice KN
<Brutus>	wd kn
<+bazooka85>	Exited Remainder ER2 Long @ 744.3 --> + 744.3 - 745.0 «« paper »»
<+KN-SR>	thanks
<+bazooka85>	-.7*	15:13
<+KN-SR>	85.75 next . with a small res at 87.25
<+Spartan>	Covered all ER2 Short @ 742.8 --> + 2.2 «« paper »»	15:14
<+KN-SR>	Covered 1/4 ES Short @ 1288.50 --> + 12
	h 5
<+MK>	Long ER2 @ 743.1 -> Add «« paper »»
<+silo>	Covered all ER2 Short @ 743.5 --> + 2.6	15:15
<+Spartan>	Shorts ER2 @ 744.5 «« paper »»	15:17
<+KN-SR>	didnt think 87.75 area has such a strong res
<+MK>	Exited all ER2 Long @ 744.5 --> + 1.4 «« paper »»
<+szubaark>	Covered all Short ES at 1291 --> + 4.75 «« paper »»	15:18
<+silo>	Shorts ER2 @ 744.20
<+Bambam-77>	protect trailers first trgt hit 1288	15:20
	next pos is 1279
<+KN-SR>	will take a litttttle longer but we are heading south
	85.75 -- 83.25 --- 81.25 --- 79.50
<+szubaark>	Shorts ES @ 1290 «« paper »»	15:21
<+KN-SR>	sl 1300.50 0.00	15:25
<+Bambam-77>	well boys goal met for the days take care
<+Spartan>	Covered all ER2 Short @ 745 --> - 0.5 «« paper »»	15:27
<+timmyb1>	Shorts ER2 @ 745 «« paper »»
<+silo>	Covered ER2 Short @ 745.3 --> - 1.1	15:28
	Reverse and Enter Long ER2 @ 745.3
<bazooka85>	alright time to try some YM for size!
<+szubaark>	silo, intuition?
<+Spartan>	Shorts ER2 @ 744.6 «« paper »»	15:29
<+bazooka85>	oil falling	15:30
<+timmyb1>	Shorts ER2 @ 744.70 -> Add «« paper »»
<+silo>	my fade szu arbitrage program kicked in	15:31
<+szubaark>	lol
<+silo>	Exited ER2 Long @ 744.30 --> - 1
	Reverse and Enter Short ER2 @ 744.30
	i'm all over the place today
<+szubaark>	Today do the OPPOSITE LOL	15:32
<+silo>	overtrading.... and baselss trades
	just horrible
<+KN-SR>	finally we are there
<+szubaark>	im looking for 1280
<+bazooka85>	Shorts ER2 @ 743.4 «« paper »»
<+KN-SR>	join the club szu	15:33
	Covered 1/4 ES Short @ 1286.50 --> + 14
	h4
<+Spartan>	Covered all ER2 Short @ 742.6 --> + 2 «« paper »»
<+bazooka85>	Covered all ER2 Short @ 742.4 --> - 743.4 «« paper »»
	+1.0
<+silo>	new low of day eh?	15:34
<+bazooka85>	ye
<+timmyb1>	woohooo sweet paper trade day
	+ $3,175 on paper no more than 3 contracts traded
	per trade
	woooohoooo
	:)
	done for day	15:35
<+tzar>	nice job timmyb1
<+bazooka85>	missed my intuition long
<+KN-SR>	long wont go anywhere right now, i guess	15:36
<+bazooka85>	but what do you know ;)
<+KN-SR>	guess
<+Spartan>	Shorts ER2 @ 743 «« paper »»
<+KN-SR>	not that smart . to predict and pin point
<+szubaark>	we still got Fib buyers here on every Support level	15:37
	Below 1285 should get really ugly to downside	15:38
<+silo>	not much down here to support the price if it does decide to slip
<+Spartan>	looking for wrb into new lows on er2
<+silo>	729.40 is a support i have
<+szubaark>	im talking ES.. i dont watch ER2	15:39
<+Spartan>	o, just thinking out loud
<+silo>	a violent drop is possible here	15:40
	but will it?
<+bazooka85>	Long ER2 @ 742.2 «« paper »»	15:41
<+KN-SR>	A---n to silo
<+silo>	?
<+KN-SR>	drop
<+bazooka85>	have stop and reverse ready	15:42
	incase violent drop happens :D
<+silo>	whether or not we drop or not... only szu and my szu arbitrage program knows the answer
	:)
<+KN-SR>	we will have to cross 94.75 to go back to a uptrend again
<+bazooka85>	Exited all ER2 Long @ 743.5 --> + 1.3 «« paper »»	15:43
<+Spartan>	Covered all ER2 Short @ 744 --> - 1 «« paper »»
	nope
<+silo>	Covered ER2 Short @ 744.4 --> - 0.1	15:44
	Reverse and Enter Long ER2 @ 744.4
<+Spartan>	good luck with the rest of the day guys, gotta go
<+bazooka85>	cya	15:45
* Spartan	is now known as Spartan_Away
<+bazooka85>	Long ER2 @ 743.4 «« paper »»
<+timmyb1>	Shorts ER2 @ 743.50 «« paper »»	15:46
<+bazooka85>	Exited all ER2 Long @ 743.8 --> + 743.8 - 743.4 «« paper »»
	+.4*
	Shorts ER2 @ 744.0 «« paper »»	15:47
<+szubaark>	pretty strong bounce here.. not good for my 10 pointer :((	15:50
	Covered all Short ES at 1289.75 --> + 0.25 «« paper »»	15:51
<+bazooka85>	Covered ER2 Short @ 744.6 --> - 744 «« paper »»
	Reverse and Enter Long ER2 @ 744.6 «« paper »»
	-.6*	15:52
<+szubaark>	Shorts ES @ 1289 «« paper »»
<+Brutus>	good short b4 szu
<+szubaark>	bastids shaking good even with good entry	15:53
* NihabaAshi_away	is now known as NihabaAshi
<+bazooka85>	Exited all ER2 Long @ 744.0 --> - 0.6 «« paper »»
<@NihabaAshi>	Long ER2 @ 744.40 -> small size	15:54
<@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
<+bazooka85>	Long ER2 @ 744.5 «« paper »»
<@NihabaAshi>	volatility stuck in mud :(	15:57
	Exited ER2 Long @ 745.50 --> + 1.1	15:58
<+silo>	up 154 bucks
	i'm done
	horrible day
	too many trades
<+bazooka85>	jeez nihaba i didn't have a good reason to enter that trade except for hoping for the rally monkey	15:59
<+silo>	no selection at all
<+szubaark>	easy day to overtrade.. wish i could do Position Size Managment to cover my bad trades by loading up :))
<+silo>	i'm just glad i'm still up ... even if it's just 154 bucks	16:00
	but i had no control today
<+szubaark>	unless we tank here 10 Point, ill be down for the day+ commisisons :((
<+silo>	so very lucky
<+bazooka85>	Exited all ER2 Long @ 745.1 --> + 0.6 «« paper »»	16:01
	round trips for the day 62	16:04
	had 1 contract max usually
	did horribad -586.6 after fees
<+szubaark>	Covered all Short ES at 1290.75 --> - 1.75 «« paper »»	16:05
	desperate last trade trying to do plus for day, which did not happen :((
	another tough day behind in the books	16:06
<+bazooka85>	<- eagerly waits for Nihaba's words of wisdom for the day	16:09
<+KN-SR>	take care all............good trading	16:17
<+werner>	gn all	16:19
<@NihabaAshi>	Take care all and see all tomorrow	16:35
	[16:09] <+bazooka85> <- eagerly waits for Nihaba's words of wisdom for the day
	Beware of a range trading day that's stuck within the upper 1/3 of yesterday's trend day...trick trading today which requires being careful about overtrading, position size management and stop management	16:37
<+timmyb1>	GN all	17:27
<@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
<bazooka85>	test	19:11
<+bazooka85>	Long ER2 @ 10 «« paper »»
	Exited all ER2 Long @ 11 --> + 1 «« paper »»
	Shorts ER2 @ 10 «« paper »»
	Covered all ER2 Short @ 9 --> + 1 «« paper »»	19:12
	Shorts ER2 @ 10 «« paper »»
	Covered all ER2 Short @ 11 --> - 1 «« paper »»
	Shorts ER2 @ 747.1 «« paper »»
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

"The point of this whole exercise is to make money. Everything else is just conversation." --Jonathan Hoenig

DAX   FTSE-100   CAC-40   EC   ER2   ES   NQ   YM   QQQQ   SPY   IWM   DIA   CL   QM   NG   OIH   XLE   GC   GLD   ZN   ZB   ZF   BUND   EurUsd   UsdCdn

Copyright © 2002 - 2008. The Strategy Lab. All rights reserved.