#FuturesTrades August 13th Wednesday 2008 Trade Log

Trade Posting Chat Log Info: My name is M.A. Perry (a.k.a. online as NihabaAshi - martial arts & Japanese Candlestick term) and I am the moderator of #FuturesTrades.

I use the below chat log as feedback to critical trading information that's not available when I review my broker statements nor any statistical analysis of my trading.  Also, the above profit/loss info represents my trades only and all trades were posted in real-time within 5 seconds unless otherwise noted after entry or exit as shown in the below chat log.

Also, to read behind the scenes details about the trades posted below such as explanation of my position size, stop management, chart interval choice et cetera...click here.

Further, although I'm not familiar with the trade methods used by most members of #FuturesTrades, I use a rule based methodology (very objective) that involves price action only trading (no indicators). 

  There is some subjectivity involved with some of my trades when I'm developing a new entry signal, developing new trade management (hence the name TheStrategyLab.com) or when market conditions change resulting in me relying more on my market experience (intuition) instead of on my trading plan.

With that said, today's trade posting chat log is below and it contains all my trades that were posted in real-time along with the trades of other members of #FuturesTrades...

If you want the instructions for gaining access to our free #FuturesTrades chat room...click here.

	#FuturesTrades purpose, benefits and access info for day traders, swing traders and position traders...click here.
Time Zone Info	Chat Log below is eastern standard time (est) - New York City, U.S.A and/or Montréal, Canada time zone.
WRB Analysis	Learn More
	Session Start: Wed Aug 13 09:26:07 2008Session Ident: #futurestrades
* Now	talking in #futurestrades	09:26
<@X>	[NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<@NihabaAshi>	Good morning all
<jsbach>	gm
<Baxwill>	Morning sir
<LP>	gm
<Alturus>	gm niha
<Andy>	gm all	09:27
<ItalianSharp>	morning all
<Splurge>	gm	09:28
<Trader>	Good morning	09:30
<ripsboy>	gm folks...	09:31
* Spartan_Away	is now known as Spartan
<PapaJon>	gm all	09:32
<futurible>	gm all
<+Spartan>	Long ER2 @ 1284.25 «« paper »»
	es
	Exited all ER2 Long @ 1286.25 --> + 2 «« paper »»	09:33
	es
<bazooka85>	right click-setup-set default ;)	09:34
<+Spartan>	ya, I know. forgot to switch before trade
<drt>	gm
<+Spartan>	saw a huge price divergence on es and just reacted
<szubaark>	Shorts ES @ 1283.75 «« paper »»	09:39
<+Splurge>	any data today?	09:41
<+bazooka85>	Long ER2 @ 1283.25 «« paper »»
<+szubaark>	10 am
<@NihabaAshi>	Yeah...10am and 1035am est
<+Splurge>	ah thx
<@NihabaAshi>	Shorts ER2 @ 743.60 -> large size	09:42
<silo>	Shorts ER2 @ 743.10
<+bazooka85>	Exited all ER2 Long @ 1282.00 --> - 1.25 «« paper »»
	bad stop	09:43
	Long ER2 @ 1282.75 «« paper »»
<+szubaark>	Covered all Short ES at 1281.75 --> + 2 «« paper »»
<+silo>	Covered all ER2 Short @ 743.6 --> - 0.5	09:45
<@NihabaAshi>	Good battle going on right now
<+futurible>	bazooka52, ER2==>ES
<+bazooka85>	oops haha
<+silo>	had to exit because i got in way too late
<+bazooka85>	let me exit my "er" first	09:46
<+szubaark>	i feel you never too late or early, just depends on the "followthru" of the market at that particular "moment"
<+ItalianSharp>	wow, crazy spike in YM	09:47
	glad i was short
	:)
<@NihabaAshi>	Covered 2/3 ER2 Short @ 742.10 --> + 1.5
<+szubaark>	Nice Niha.
<+bazooka85>	Exited all ES Long @ 1208.75 --> - 74 «« paper »»
<+silo>	well late as in i wanted to get in earlier but didn't... so entering now turned out to be a chase
<+bazooka85>	Long ES @ 1280.75 «« paper »»	09:48
<@NihabaAshi>	trail tighten
<+bazooka85>	Exited all ES Long @ 1281.75 --> + 1 «« paper »»	09:49
<+Spartan>	Shorts NQ @ 1939.50 «« paper »»
<@NihabaAshi>	weak support area slowly getting stronger
	Covered Remainder ER2 Short @ 743.40 --> + 0.2	09:50
<+bazooka85>	Shorts ES @ 1282.00 «« paper »»	09:51
<+silo>	Long ER2 @ 743.80	09:53
<+bazooka85>	Covered ES Short @ 1283.25 --> - 1.25 «« paper »»
	Reverse and Enter Long ES @ 1283.25 «« paper »»
	brb	09:54
	Exited all ES Long @ 1282.25 --> - 1 «« paper »»	09:57
	was just about to move stop down
	jeez
<+silo>	Exited all ER2 Long @ 743.90 --> + 0.1
<+bazooka85>	Long ES @ 1282.25 «« paper »»	09:58
<+silo>	Long ER2 @ 744.80	10:01
<+Spartan>	Covered all NQ Short @ 1944.50 --> - 5 «« paper »»
<+silo>	Exited all ER2 Long @ 746.8 --> + 2	10:04
<+bazooka85>	Exited all ES Long @ 1284.50 --> + 2.25 «« paper »»
<+ItalianSharp>	Bush to make statement on Georgia at 11am	10:05
	FYI
<jsbach>	ty	10:06
<+silo>	Shorts ER2 @ 745.8	10:07
	early entry
<+Spartan>	Shorts NQ @ 1947.25 «« paper »»	10:09
<+bazooka85>	Long ES @ 1283.00 «« paper »»	10:10
<+ItalianSharp>	ES needs to rise above 87.25 to resume uptrend IMO
<@NihabaAshi>	Shorts ER2 @ 745.20 -> medium size
<+ItalianSharp>	NQ and ER2 looking more bullish than YM-ES
	this could translate into choppy price action
<+Spartan>	Covered 1/2 NQ Short @ 1944.75 --> + 2.5 «« paper »»	10:11
<@NihabaAshi>	Covered 3/4 ER2 Short @ 743.90 --> + 1.3
<+bazooka85>	Exited all ES Long @ 1282.00 --> - 1 «« paper »»
<@NihabaAshi>	:(
<+bazooka85>	lol	10:12
<@NihabaAshi>	Should'uv dumped it all
	Will gamble a little and hope that it retraces back down for me to get the same or better exit price as the main group of contracts	10:13
<Andy>	Long ES @ 1281.75 «« paper »»
<@NihabaAshi>	trail tighten	10:14
<+Andy>	Exited all ES Long @ 1282 --> + 0.25 «« paper »»
<+bazooka85>	Shorts ES @ 1280.50 «« paper »»	10:15
<@NihabaAshi>	Covered Remainder ER2 Short @ 743.70 --> + 1.5
<+szubaark>	Shorts ES @ 1280.25 «« paper »»	10:16
<+silo>	Covered all ER2 Short @ 743.8 --> + 2
<@NihabaAshi>	sidelined...will watch and see how price reacts to the 1035am est EIA Petroleum Status Report	10:17
<+silo>	same
	so far i'm sticking to game plan
	in and out quick	10:18
	:D
<+Andy>	you are doing great, silo	10:19
<+silo>	that's because i traded horribly yesterday
<+bazooka85>	Covered all ES Short @ 1282.25 --> - 1.75 «« paper »»	10:20
	i hate these breakouts	10:21
	lol
	if you do bad one day, next day max amp up your contracts
<+Spartan>	Covered Remainder NQ Short @ 1947.25 --> 0 «« paper »»
<+ItalianSharp>	British Pound getting hammered hard	10:22
	UK economy must be worse than US's
<+bazooka85>	Shorts ES @ 1282.75 «« paper »»	10:25
	Covered all ES Short @ 1282.00 --> + 0.75 «« paper »»	10:27
	:(
	Long ES @ 1280.50 «« paper »»	10:28
<Bambam-77>	79 should give us some support	10:29
<+silo>	Shorts ER2 @ 744.2	10:30
	intuition
<+bazooka85>	Exited ES Long @ 1279.50 --> - 1 «« paper »»
	Reverse and Enter Short ES @ 1279.50 «« paper »»
	silo's intuition	10:31
	;)
<@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
<+Bambam-77>	b 79.5 stp at 78.5
	scalp
<+szubaark>	would be nice if we get a clean trend day, none of this chop range crap	10:32
<@NihabaAshi>	szu...keep that comment in mind because it "implies" YOU KNOW its a range day.	10:33
<+bazooka85>	Covered all ES Short @ 1281.25 --> - 1.75 «« paper »»
	:(
<+Bambam-77>	trgt 82.5
<@NihabaAshi>	Simply, with that knowledge...you can adapt your trading for trading on range days especially considering most traders don't realize they've been trading in a range until "after the fact' (hindsight).	10:34
	Shorts ER2 @ 744.00 -> small size	10:35
<+bazooka85>	mann!!!!
<@NihabaAshi>	2 only
<+bazooka85>	Long ES @ 1279.00 «« paper »»	10:36
<+Bambam-77>	1270 next gann support	10:37
<@NihabaAshi>	ER2 fighting hard not to lose it's support
	too hard for me is the fight
	Hammer lines forming too :(	10:38
<+bazooka85>	Exited all ES Long @ 1279.75 --> + 0.75 «« paper »»
	Shorts ES @ 1279.50 «« paper »»	10:39
<@NihabaAshi>	Covered ER2 Short @ 739.80 --> + 4.2
	oooops
	Covered all ER2 Short @ 743.80 --> + 0.2	10:40
<+silo>	:D	10:41
<@NihabaAshi>	Back on the sidelines...will just watch
<+bazooka85>	Covered ES Short @ 1280.50 --> - 1 «« paper »»
	Reverse and Enter Long ES @ 1280.50 «« paper »»
<@NihabaAshi>	I have next a big support area around 739.80 price area
	Could'uv been a nice profit target had ER2 dropped like a rock instead of this big fight it currently has.	10:42
<+Bambam-77>	once 43 breaks on er look for 736	10:43
<+bazooka85>	Exited all ES Long @ 1279.50 --> - 1 «« paper »»	10:44
<+szubaark>	Hopefully Ill be able to catch a WRB to downside soon
<+Andy>	Long ES @ 1278.5	10:45
<+bazooka85>	Shorts ES @ 1279.25 «« paper »»
<+Andy>	Exited 3/4 ES Long @ 1279.5 --> + 1	10:46
<+bazooka85>	i think im getting lag
	Covered ES Short @ 1280.25 --> - 1 «« paper »»	10:47
	Reverse and Enter Long ES @ 1280.25 «« paper »»
<+Splurge>	dont know about lag but Im getting bored	10:48
<+Andy>	Exited 1/4 ES Long @ 1280.75 --> + 2.25
	h1
* NihabaAshi	is now known as NihabaAshi_away	10:51
<+Spartan>	Shorts ER2 @ 743.7 «« paper »»	10:52
<+bazooka85>	Exited ES Long @ 1281.25 --> + 1 «« paper »»	10:55
	Reverse and Enter Short ES @ 1281.25 «« paper »»
	Covered all ES Short @ 1280.75 --> + 0.5 «« paper »»	10:58
	too much support for me*
<+Spartan>	Covered all ER2 Short @ 744.7 --> - 1 «« paper »»	10:59
<+bazooka85>	Long ES @ 1281.75 «« paper »»	11:00
<+Spartan>	Shorts ES @ 1281.25 «« paper »»	11:01
<+bazooka85>	Exited ES Long @ 1280.00 --> - 1.75 «« paper »»	11:05
	Reverse and Enter Short ES @ 1280.00 «« paper »»
<tzar3>	gm	11:06
* tzar3	is now known as tzar
<+bazooka85>	tzar3?
	o
<+Andy>	gm tsar	11:07
<+tzar>	how you doing Andy
<+Spartan>	Covered 1/2 ES Short @ 1279.25 --> + 2 «« paper »»	11:08
<+Andy>	:)
<+silo>	Covered all ER2 Short @ 741.8 --> + 2.4
<+tzar>	took a nice short Andy	11:09
	from 91.5 to 78.5
	ES
<+Andy>	Exited Remainder ES Long @ 1278.25 --> - 0.25
	vn tsar
<+bazooka85>	woooo
<+tzar>	:)
<+bazooka85>	good thing i let this short run!
<+tzar>	13 points
	Andy are you good with timezones?	11:10
<+Andy>	?
<+bazooka85>	Covered ES Short @ 1277.00 --> + 3 «« paper »»
	Reverse and Enter Long ES @ 1277.00 «« paper »»
<+tzar>	i need to know what time is 12pm EDT or 11CDT in eastern (EST)
<+Andy>	tzar, do you have the windows operating system?	11:11
<+bazooka85>	Exited all ES Long @ 1277.50 --> + 0.5 «« paper »»
	gtg
	brb
<+tzar>	yes
<+bazooka85>	Long ES @ 1277.25 «« paper »»	11:12
<+Andy>	go to control panel/Date and Time/Time Zone and hit down arrow to the left of the stated time
	it will show all the time relationships between time zones	11:13
<+tzar>	I got no idea what city is EDT is	11:15
<+Andy>	Eastern Daylight Time: US East Coast: Eastern Time US and Canada	11:17
<+tzar>	I know what city is EST .. i live in est
	no clue where EDT/CDT is
<+Andy>	Central Daylight Time (CDT) is one hour behind.
<+tzar>	hmm	11:18
<+Spartan>	Shorts ES @ 1278.50 -> Add «« paper »»
<+tzar>	so 12 cdt = 11 est ?
<+Andy>	So, the market opens at 9:30 in New York City, but at 8:30 in Chicago
<+tzar>	oh ok
	so 11 cdt = 12 EST
	right?
<+Andy>	don't bet your last penny on it, but that is my understanding	11:19
<+tzar>	:) thanks
<+Andy>	CDT is used in the summer in these US states (CST during winter)	11:20
	I won't count the states...but the midwest, generally
	cdt = central daylight time; cst = central standard time	11:21
* codehead_afk	is now known as codehead	11:22
<+tzar>	thanks Andy	11:25
<+Andy>	you're welcome	11:26
<a>	[11:25] <a> Question for ninja users: Is there an easy way to move the stop or exit in a strategy with just one button click? i.e. move target up/down 1 tick or stop, etc?
<+a>	i.e.: I enter at limit. When filled, an auto stop and target appear in the dome. I now want to move around those new orders 1 tick at a time by just pressing a button up or down.	11:28
	in interactivebrokers it is quite easy
<+silo>	Shorts ER2 @ 739.20	11:31
	greedy short
<+Andy>	Long NQ @ 1934.25	11:33
	Exited all NQ Long @ 1933.25 --> - 1	11:35
<+silo>	nq failing	11:36
	hope it's enough to bring down the rest hehe
<+szubaark>	:p
	Weak Support area for ES	11:38
<KN-SR>	:)	11:41
<+KN-SR>	75.25 next.........	11:42
	Covered 1/4 ES Short @ 1275.50 --> + 25	11:44
<+Spartan>	Covered Remainder ES Short @ 1275.75 --> + 8.25 «« paper »»
<+KN-SR>	h 3
* NihabaAshi_away	is now known as NihabaAshi
<+Spartan>	gotta go, good luck trading everyone	11:45
<+Andy>	vn KN
* Spartan	is now known as Spartan_Away
<+KN-SR>	thanks Andy
<+szubaark>	nice kn
<+KN-SR>	thanks	11:46
<peterpanboy>	gm to everyone
<+KN-SR>	gm peter	11:47
<+peterpanboy>	hi KN	11:48
<+szubaark>	Covered all Short ES at 1276 --> + 4.25 «« paper »»	11:49
<timmyb>	Shorts ER2 @ 739.8 «« paper »»
<+timmyb>	sorry late guys
	lol
	oil rising