#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
<+KN-SR>	..........and world is making sense again :)	11:51
<+timmyb>	anyone here use ninja
<+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?	11:52
	[11:30] <a> [11:27] <+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.
	[11:30] <a> [11:28] <+a> in interactivebrokers it is quite easy
<+timmyb>	i am curious if there is a way to add a contract when the price touches it, say i am short and i want to add one when its 1 in my favor if i click the dom it adds it at curent price
	lol
	just click it and drag it to new price
<+KN-SR>	:)
<+a>	I'm too thick	11:53
	click where?
<+timmyb>	where it says lmt
	the blue box next tot he price
	click it a finger pops up	11:54
	then click where u want it to go
<+KN-SR>	brb
<+a>	so...2 clicks?
<+timmyb>	let me get outa this trade here
	yes once turnt o finger
	then click where u want it to go
<+a>	ok bro ty
<+timmyb>	anyone know about my question on the averaging in??	11:55
<+a>	no. lol
<@NihabaAshi>	Shorts ER2 @ 737.70 -> small size	11:57
	2 only
<+timmyb>	Covered all ER2 Short @ 737.9 --> + 8.7 «« paper »»
	hmmm i never seem to get the first trade entered right
	Long ER2 @ 738 «« paper »»	11:58
<@NihabaAshi>	Covered ER2 Short @ 738.40 --> - 0.7	12:01
<bazooka85>	stopped out other
<@NihabaAshi>	Long ER2 @ 738.90 -> medium size
<+bazooka85>	Shorts ES @ 1277.00 «« paper »»
<+KN-SR>	79.25 ?	12:02
<+bazooka85>	Covered all ES Short @ 1278.00 --> - 1277 «« paper »»	12:05
	Long ES @ 1277.75 «« paper »»
	-1.00	12:06
<+timmyb>	Exited all ER2 Long @ 738.9 --> + 0.9 «« paper »»	12:07
	Shorts ER2 @ 739 «« paper »»
	Shorts ER2 @ 738.4 -> Add «« paper »»	12:08
<+KN-SR>	Does anyone has complet list of reamining SOCCER matches
	?
	Olympic Soccer
<+peterpanboy>	sorry no
<+KN-SR>	:(	12:09
<palmer>	goto yahoo sport
<+palmer>	has a ful list of everything
<@NihabaAshi>	Exited ER2 Long @ 738.10 --> - 0.8
<+palmer>	goto olympics then soccer
	full schedule is there
<+silo>	Shorts ER2 @ 737.5
<+timmyb>	Shorts ER2 @ 737.4 -> Add «« paper »»
<+palmer>	espn has schedule too	12:10
<+KN-SR>	i m trying to get the time table.........i missed some very good games
<+palmer>	espn have time table
	of everything
<@NihabaAshi>	Shorts ER2 @ 737.20 -> large size	12:11
<+KN-SR>	thanks palmer	12:12
	i think i have a half an hr job :)
<+timmyb>	Covered all ER2 Short @ 737.1 --> + 2.2 «« paper »»
	Shorts ER2 @ 737.1 «« paper »»	12:13
	dang shoulda just held
<+KN-SR>	http://www.nbcolympics.com/soccer/result sandschedules/	12:15
<+timmyb>	never shoulda wenty short again trade error #1
<@NihabaAshi>	Covered all ER2 Short @ 737.70 --> - 0.5
* szubaark	is now known as szubaark_away	12:16
<@NihabaAshi>	Long ER2 @ 737.70 -> medium size	12:19
<+timmyb>	oil rising again	12:20
<@NihabaAshi>	Exited ER2 Long @ 738.50 --> + 0.8	12:23
<+timmyb>	nice trade niha
<bazooka85>	Exited ES Long @ 1277.75 --> - 1277.75 «« paper »»	12:28
<+bazooka85>	Reverse and Enter Short ES @ 1277.75 «« paper »»
<MK>	Shorts ER2 @ 738.5 «« paper »»
<+bazooka85>	Covered all ES Short @ 1277.25 --> - 1277.75 «« paper »»	12:31
	+.5*
	seeing resistance 1280.0	12:33
<+MK>	Shorts ER2 @ 739.7 -> Add «« paper »»
<@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
<+KN-SR>	Covered ES Short @ 1278.25 --> + 22.25	12:35
	Reverse and Enter Long ES @ 1278.25
<+bazooka85>	WTF!!!
<+KN-SR>	s.l 76.50
<+bazooka85>	kn can i marry you
	Long ES @ 1278.25 «« paper »»	12:37
<+KN-SR>	:)
	brb
<starglazer>	Long ES @ 1278.25	12:39
<+MK>	Shorts ER2 @ 740.2 -> Add «« paper »»	12:40
<+timmyb>	Shorts ER2 @ 740.00 -> Add «« paper »»
<@NihabaAshi>	Long ER2 @ 740.70 -> medium size	12:42
<+KN-SR>	should have a spike now	12:43
<+MK>	Shorts ER2 @ 740.8 -> Add «« paper »»	12:45
<+silo>	man this is hard... one bad trade and all the profits are gone	12:46
	nearly gone
<+bazooka85>	making stop tight
	with reverse at the stop
	Exited ES Long @ 1277.50 --> - 0.75 «« paper »»	12:47
	Reverse and Enter Short ES @ 1277.50 «« paper »»
<+KN-SR>	Exited ES Long @ 1278.25 --> 0
	Reverse and Enter Short ES @ 1278.25
<@NihabaAshi>	Exited ER2 Long @ 740.00 --> - 0.7
	Shorts ER2 @ 739.90 -> large size	12:48
<+KN-SR>	Covered ES Short @ 1277.75 --> + 0.5	12:49
	Reverse and Enter Long ES @ 1277.75
	s.l 76.25
	brb
<+bazooka85>	nooo	12:50
<@NihabaAshi>	oh oh	12:52
	volatility contracting
	trailing stop tighten
	Covered ER2 Short @ 739.60 --> + 0.3	12:53
<+starglazer>	Exited all ES Long @ 1278.25 --> 0	12:55
<@NihabaAshi>	Long ER2 @ 740.10 -> medium size	12:57
<+KN-SR>	Exited 3/4 ES Long @ 1279.25 --> + 1.5	12:58
	brb
<+bazooka85>	Shorts ES @ 1278.75 -> Add «« paper »»
	Shorts ES @ 1279.50 -> Add «« paper »»
<+KN-SR>	Exited 1/4 ES Long @ 1279.75 --> + 2	12:59
	h9
<+bazooka85>	how the hell	13:00
	did u call that
<+KN-SR>	:)
	just a lucky guess
<+starglazer>	nice exit KN
<+KN-SR>	thanks
<+MK>	Shorts ER2 @ 740.8 -> Add «« paper »»
<+starglazer>	got scared by oil up, gold up, euro down
<@NihabaAshi>	gotta tighten the trail on this one even though it's a little too early	13:01
	stop hunting the Longs :(	13:03
	meant "trailing stops"	13:04
	tighten trail a little more	13:05
<+KN-SR>	brb	13:06
<@NihabaAshi>	volatility contracting again	13:08
	Exited ER2 Long @ 740.40 --> + 0.3	13:10
<+MK>	Shorts ER2 @ 740.7 -> Add «« paper »»
<+silo>	oil spiking
<@NihabaAshi>	Yeah...just saw that	13:11
<bazooka85>	Covered ES Short @ 1278.00 --> - 0.5 «« paper »»
<+bazooka85>	Reverse and Enter Long ES @ 1278.00 «« paper »»
	+.75*	13:12
	avged
<@NihabaAshi>	Long ER2 @ 739.70 -> small size	13:18
<+a>	timmib: a ninja question	13:23
<@NihabaAshi>	Exited ER2 Long @ 740.80 --> + 1.1	13:24
<+KN-SR>	Exited 1/4 ES Long @ 1280.25 --> + 2.5
	h8
<+a>	sometimes when I click on the order it just adds another order instead of showing the finger thing
<+bazooka85>	bad exit
<+a>	then I have to do everything manual
<bazooka85>	Exited all ES Long @ 1280.00 --> + 2.5 «« paper »»	13:25
<+bazooka85>	but still
	+2.0*
	Shorts ES @ 1281.25 «« paper »»	13:26
<+KN-SR>	Exited 1/4 ES Long @ 1281.25 --> + 3.5
	h7
<+bazooka85>	Shorts ES @ 1282.00 -> Add «« paper »»	13:27
	Shorts ES @ 1282.25 -> Add «« paper »»	13:30
<+timmyb>	well
<+bazooka85>	avged: 1282.00	13:31
<+timmyb>	i didnt see that coming
<+starglazer>	-1 correlation with oil, gold today
<@NihabaAshi>	Long ER2 @ 746.00 -> small size
<+bazooka85>	jeez
<+KN-SR>	Exited 1/4 ES Long @ 1284.75 --> + 7	13:32
<+timmyb>	did i miss a fed announcement
<+KN-SR>	h6
<+MK>	Shorts ER2 @ 746.5 -> Add «« paper »»
	Shorts ER2 @ 746.3 -> Add «« paper »»	13:33
	Shorts ER2 @ 746.1 -> Add «« paper »»
<@NihabaAshi>	It stopped a few ticks away from a key support area of 747.00	13:34
<+KN-SR>	a question MK : if u have time.......
<@NihabaAshi>	Meant old support / new resistance
<+MK>	Shorts ER2 @ 745.9 -> Add «« paper »»
<+palmer>	niha you mean resistance 747
<+MK>	Shorts ER2 @ 745.6 -> Add «« paper »»
	Shorts ER2 @ 745.3 -> Add «« paper »»
<@NihabaAshi>	Exited ER2 Long @ 745.00 --> - 1	13:35
<+timmyb>	Covered all ER2 Short @ 744.9 --> - 12.7 «« paper »»
<+KN-SR>	Exited 1/4 ES Long @ 1283.75 --> + 6
* szubaark_away	is now known as szubaark
<+KN-SR>	h5
<+timmyb>	Shorts ER2 @ 744.9 «« paper »»
<+starglazer>	is MK a bot	13:36
<@NihabaAshi>	Shorts ER2 @ 744.70 -> small size
	3 only
<+KN-SR>	starglazer.........u just asked the i have q in my mind :)	13:37
	starglazer.........u just asked the q i have in my mind :)
<+timmyb>	man
	today not my day
<+MK>	what's a bot?	13:38
<+bazooka85>	what you are
<+timmyb>	wowsers anyone else cought in that run up short??
<@NihabaAshi>	Covered ER2 Short @ 745.70 --> - 1
<+timmyb>	a bot is usually a coputer trader i thought
	:(	13:39
	man
	i really messed up today
	going to luch to simmer off and see if i can come off this 3k loss
	resistance should be 747 on er i beleive
<@NihabaAshi>	Long ER2 @ 745.90 -> small size	13:40
	3 only
<+timmyb>	Shorts ER2 @ 746.00 -> Add «« paper »»
<+KN-SR>	Exited 1/4 ES Long @ 1286.75 --> + 9	13:41
	h4
<+MK>	Shorts ER2 @ 747 -> Add «« paper »»
<+bazooka85>	Covered all ES Short @ 1287.00 --> - 10.5 «« paper »»
<+KN-SR>	1 tick ......damm it
<+szubaark>	Impressive bounce since the lows, must've caught a lot of Shorts
<@NihabaAshi>	Exited ER2 Long @ 747.10 --> + 1.2
<+bazooka85>	-5 points*	13:42
	ugh
<+KN-SR>	well..........we are at 87 area
<+timmyb>	i gotta beleive in my short here
<+bazooka85>	quiting for a while
	tired from losing
<+KN-SR>	what a bad luck	13:46
	just a tick shy......damm
<+a>	lol	13:47
<+KN-SR>	1282 nxt	13:49
<manto>	ga all..	13:54
<@NihabaAshi>	Long ER2 @ 745.00 -> small size	13:55
	2 only
<+szubaark>	Buys ES @ 1285.75 «« paper »»	13:57
	exit stop moved to breakeven ES @ 1285.75 «« paper »»
<@NihabaAshi>	Exited ER2 Long @ 746.00 --> + 1	13:58
<+szubaark>	Nice.
<+manto>	vn N
<@NihabaAshi>	Be back later...home distractions (cleaning lady showed up an hour early).
* NihabaAshi	is now known as NihabaAshi_away
<+KN-SR>	yesssssssssssssssssss	13:59
	Exited 1/4 ES Long @ 1287.75 --> + 10
	h3
<+MK>	Shorts ER2 @ 747 -> Add «« paper »»
<Trader>	KN could you tell us how did you learn to trade?
<+szubaark>	Exited all Long ES at 1287.25 --> + 1.5 «« paper »»
<+MK>	Shorts ER2 @ 746.9 -> Add «« paper »»
<+a>	lol	14:00
<+MK>	Shorts ER2 @ 746.7 -> Add «« paper »»
<+KN-SR>	:
	:)
<+szubaark>	lol
<+Trader>	did i miss someting?
<+szubaark>	yeah KN tell us your secret sauce
<+KN-SR>	well, this is my 45th trading day in a row	14:01
<+Trader>	i am interested i the process not the formula
<+KN-SR>	with atleast one 10 pt trade
	now i am ready to quit
	:)
	well, no secret...............told u already what i do	14:02
<+a>	it's a volume thing. lol
<+Trader>	was it from books, watching someone or......
	I think you missunderstood the question.
	I am not asking how you trade but how did you get to this point?	14:03
<+starglazer>	its like market profile won't give u the buy/sell signals
<+Bambam-77>	88 to 97
<+ItalianSharp>	weird to see eminis attempting a rally and EURUSD going higher	14:04
<+KN-SR>	Exited 1/4 ES Long @ 1288.75 --> + 11
	h2
<+ItalianSharp>	it hasnt been that way over the last few weeks
<+szubaark>	Nice KN
<+KN-SR>	thanks
<+starglazer>	also gold and crude oil italian
<+KN-SR>	well. i use market depth.......
<+Bambam-77>	need to firm up above 88 to get 97 or we heading back down	14:05
<+KN-SR>	but u got to understand one thing.........half of the trade is defining the levels and watch how volume reacts when price reaches there
<+Trader>	sorry but I am really not asking about your system but about how you got to trade it
<+ItalianSharp>	<starglazer> also gold and crude oil italian	14:06
	yes, i saw that too
<+KN-SR>	define HOW ---how i got to trade- and - my system- differ?
<+ItalianSharp>	something has to give
<+KN-SR>	although i m not sure if i have a system anyway
<+Trader>	was it by observation maybe of charts for a long time or something else
<+szubaark>	Shorts ES @ 1287 «« paper »»	14:07
<+starglazer>	he just said through market depth
	the DOM
<+KN-SR>	s.l 75.75 + 1.00	14:08
<+starglazer>	its like a stock if you see dark pools hiding 1 million share order at 12.00 you short..
<+KN-SR>	s.l 78.75 + 1.00
<+Trader>	star unfortunately you don't understand me also. it is not the method that I am interested in but how the method was discovered. the AHA MOMENT
<+starglazer>	experience? intuition?	14:09
	since this is not a system
<+KN-SR>	well lets see if i can tell u how ............
<+starglazer>	what answer do you want
<+KN-SR>	first u will have to loose 140k in 4 months
<+Trader>	BTW STARGLAZER i am sure KN is capable of answering this question himself :-)
<+KN-SR>	then hit the rock bottom
	come back to trading with a practice account
	for a yr	14:10
<+a>	it's a volume thing
<+starglazer>	and guess what he answered what i expected..
<+KN-SR>	and countless hours
	million hrs of screen time
	Trader....is that what u were looking for?	14:11
<+Trader>	so it was through observation. thank you
	yes
<+KN-SR>	u have no idea
	i quit trading twice
	and still i quit once in every month.....just to keep the habit alive
	:)
<+peterpanboy>	thanks KN for tips
<+KN-SR>	u welcom
<+peterpanboy>	but lose 140K is sure a lot	14:12
<+Trader>	the reason I asked is it seems to me that most of us don't and will not understand what you do but if we would understand that an individual trading style is possible through observation and experimenting then that is good news to me at least
* NihabaAshi_away	is now known as NihabaAshi	14:13
<+peterpanboy>	destroy yourself from insside
<+szubaark>	Covered all Short ES at 1287 --> 0 «« paper »»
<+Trader>	am I clear now STARGLAZER ? :)
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)
<+KN-SR>	well, anyone, if u ask me, and if u like to take some advice...........	14:14
	spend ATLEAST a year with demo account
<+timmyb>	I ammore than willing to take some :)
<+KN-SR>	build some observation......its all about s/r
<+timmyb>	support resistance right??	14:15
<+KN-SR>	and if they break it or get bounced
	yes
<+starglazer>	well i began as a stock trader so i understand level 2, nyse book, nasdaq book
	market depth understanding requires screen time	14:16
<+timmyb>	i wish ninja had the volume next to the levels like i see on some
<+KN-SR>	huge screent time
	screen
<+timmyb>	noone here has code for that do they??
	:)
<+KN-SR>	well, we need to brak 82 to be in a downtrend again	14:17
<+szubaark>	isnt that "EDGE" gone now with stocks? (market depth)
<+timmyb>	i never thought so
	i traded options via level two also
	i dont care how much they say it is crokked i still fell thats really important
<+starglazer>	in what way szu.. when i see dark pools i wonder..
	is it fake or real
<+timmyb>	??	14:18
	here comes teh breakdown
	volume increasing on bid side sales	14:19
<+starglazer>	nyse book is pretty much useless now
	but its great to get cheap fills because NYSE ecn is the cheapest
<@NihabaAshi>	Shorts ER2 @ 745.30 -> small size
<+timmyb>	nice to see you on my side for once today niha
	;)
<+starglazer>	gives you better price improvement then your tdameritrade or retail brokers	14:20
<@NihabaAshi>	It's a trade error :(
	Covered ER2 Short @ 746.30 --> - 1
<+silo>	oil breaking down
<+timmyb>	:((((
<+peterpanboy>	KN you say 82 is a support because high volume traded before right?	14:21
<@NihabaAshi>	Only 1 contract but the real concern was I didn't do a position reversal upon the exit
<+silo>	come on ER2... go up 5 pts !
<@NihabaAshi>	Hoping for a retracement
<+timmyb>	Covered ER2 Short @ 746 --> - 1.1 «« paper »»
	Reverse and Enter Long ER2 @ 746 «« paper »»
<@NihabaAshi>	First trade error of the day...two more and I'm done for the day.	14:22
<+Trader>	why do you atribute it to an ERROR and not to market movement?	14:23
<+KN-SR>	<+peterpanboy> KN you say 82 is a support because high volume traded before right? ---------------> yes
<@NihabaAshi>	I have many reasons for calling something a trade error...
	Example...wanting to go Long and hitting the Sell button.
	Has nothing to do with the market :)	14:24
<+tzar>	hello gang
<+peterpanboy>	KN thanks but the problem is you have similar volume @ levels
	how to know the right one	14:25
<@NihabaAshi>	Another example...limit order instead of market or vice versa
	many other trade error reasons :(
<+Trader>	i unedrstand thanks	14:26
<@NihabaAshi>	ER2 back within that price area of yesterday's range day	14:27
<+szubaark>	Buys ES @ 1285.75 «« paper »»
<+starglazer>	Shorts ES @ 1285.25
<+timmyb>	Exited ER2 Long @ 746.00 --> 0 «« paper »»	14:28
	Reverse and Enter Short ER2 @ 746.00 «« paper »»
<+starglazer>	Long ES @ 1284.5	14:30
	oops
	Exited all ES Long @ 1284.5 --> 0
	Exited all ES Long @ 1284.5 --> 0
<@NihabaAshi>	Shorts ER2 @ 744.90 -> small size	14:31
<+ItalianSharp>	possible change in trend in YM-ER2
<+starglazer>	yep
<@NihabaAshi>	1 only	14:32
<+starglazer>	we have same thiking italian
<+ItalianSharp>	question is: will NQ put up a steroid-performance and lead all other eminis?
	NQ needs to break 1939.50 to confirm change of trend	14:33
<@NihabaAshi>	Covered ER2 Short @ 745.50 --> - 0.6
	Reverse and Enter Long ER2 @ 745.50
<+szubaark>	NQ has been in its own world lately
<bazooka85>	Shorts ES @ 1285.25 «« paper »»
<+ItalianSharp>	NQ is smelling high of day	14:34
	that's why it aint falling yet
<+KN-SR>	we couldnt break 82 area
<+silo>	omg... chop so more plz!@#$*#&^$#@(
<+KN-SR>	89 next!
	brb
<+ItalianSharp>	KN, why 82?	14:35
	is it something where bullish volume occured?	14:36
	brb...dinner is ready	14:38
<+bazooka85>	Covered ES Short @	14:39
<+bazooka85>	Reverse and Enter Long ES @
<+bazooka85>	oops	14:40
<@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
<+bazooka85>	Exited all ES Long @
<+bazooka85>	Long ES @ 1286.25 «« paper »»
<@NihabaAshi>	Exited ER2 Long @ 748.10 --> + 2.6	14:41
<+szubaark>	exit stop moved to breakeven ES @ 1285.75 «« paper »»
	Exited all Long ES at 1289 --> + 3.25 «« paper »»	14:42
<+MK>	Shorts ER2 @ 749 -> Add «« paper »»
<+KN-SR>	so we are at 89
	niceeee
<+bazooka85>	Exited all ES Long @ 1289.50 --> + 3.25 «« paper »»
<@NihabaAshi>	Long ER2 @ 749.20 -> small size
	2 only
<+MK>	Shorts ER2 @ 749.2 «« paper »»
<+szubaark>	yeah, Gap close here on ES
<+MK>	Shorts ER2 @ 749.1 -> Add «« paper »»	14:43
	Shorts ER2 @ 749.7 -> Add «« paper »»
<+KN-SR>	93 next	14:44
	93.25
<@NihabaAshi>	Exited ER2 Long @ 750.80 --> + 1.6	14:45
<+MK>	Shorts ER2 @ 750.6 -> Add «« paper »»
<@NihabaAshi>	That gets me back above my profit goal for the day with a cushion.	14:46
	This time I won't get greedy via putting on a size bigger than small size.
<+szubaark>	Nice Niha. Catching those Volatility spikes
<+bazooka85>	Shorts ES @ 1290.75 «« paper »»	14:47
<@NihabaAshi>	Thus, will stay at 1 - 2 contracts only for the remainder of the trading day which is what I should have done early this morning
<+bazooka85>	Shorts ES @ 1291.50 -> Add «« paper »»	14:48
<+KN-SR>	Exited 1/4 ES Long @ 1291.75 --> + 14	14:49
	h1
	target 92.75+- 15.00
<+bazooka85>	Covered all ES Short @ 1290.00 --> + 2.25 «« paper »»	14:51
	+1.25*
<+timmyb>	Covered all ER2 Short @ 0 --> + 1492 «« paper »»
	Shorts ER2 @ 749.10 «« paper »»
	disregard that short profit
<+KN-SR>	85.25 nxt
<+bazooka85>	Long ES @ 1289.75 «« paper »»
	tight stop
<+KN-SR>	brb	14:52
<@NihabaAshi>	Shorts ER2 @ 748.60 -> small size
	1 only
	NQ minor support 1949.50	14:53
<+ItalianSharp>	<ItalianSharp> question is: will NQ put up a steroid-performance and lead all other eminis?	14:54
	NQ did it again
<@NihabaAshi>	will tighten my trail stop in ER2 if NQ reaches that support.	14:56
	Covered ER2 Short @ 749.60 --> - 1	14:57
	Reverse and Enter Long ER2 @ 749.60
<+bazooka85>	Exited all ES Long @ 1290.75 --> + 1 «« paper »»	14:58
<@NihabaAshi>	Exited ER2 Long @ 750.70 --> + 1.1	14:59
<+bazooka85>	Shorts ES @ 1292.75 «« paper »»	15:00
<+szubaark>	ok, Price is starting to become Parabolic to upside, if One does not have Plan for such, could be Costly	15:01
<+bazooka85>	Shorts ES @ 1294.00 -> Add «« paper »»
	Covered all ES Short @ 1293.25 --> + 0.25 «« paper »»
	jeez
	scary
<+szubaark>	Nice Volatility today that if exploited produced some nice Profits	15:02
<+bazooka85>	Long ES @ 1291.50 «« paper »»	15:06
	Long ES @ 1291.00 -> Add «« paper »»
	Long ES @ 1290.25 -> Add «« paper »»	15:07
	last long
<+MK>	see all tomorr..will hold positions for the cpi release	15:08
<+bazooka85>	Exited all ES Long @ 1289.75 --> - 2.25 «« paper »»	15:10
	arrrggghh
	Long ES @ 1291.50 «« paper »»	15:13
<@NihabaAshi>	Long ER2 @ 750.40 -> small size	15:16
	1 only
	Exited ER2 Long @ 749.40 --> - 1	15:17
	Reverse and Enter Short ER2 @ 749.40
<KN-SR>	Exited Remainder ES Long @ 1 --> - 1276.75
<+KN-SR>	nop
	Exited Remainder ES Long @ 1292.75 --> + 15
	i m done	15:18
	take care all........see u all later......... good trading everyone
<+bazooka85>	Long ES @ 1290.50 -> Add «« paper »»
<+Alturus>	take care
<@NihabaAshi>	Haven't been getting paid over the last few trades except for the broker :(	15:20
<+Alturus>	:(
<+bazooka85>	they are call "brokers" for a reason	15:21
<@NihabaAshi>	Covered ER2 Short @ 747.70 --> + 1.7	15:23
<+bazooka85>	Exited all ES Long @ 1289.50 --> - 3 «« paper »»
<+ItalianSharp>	nice niha...finally caught some nice volatility
	this thing could fall hard now
	all eminis looking really bearish
<+bazooka85>	jeez	15:25
<+timmyb>	come on 747
<+bazooka85>	Shorts ES @ 1288.75 «« paper »»	15:26
	Covered ES Short @ 1285.50 --> + 3.25 «« paper »»	15:32
	Reverse and Enter Long ES @ 1285.50 «« paper »»
	Exited all ES Long @ 1286.00 --> + 0.5 «« paper »»	15:33
	support 1284.00	15:35
<@NihabaAshi>	Long ER2 @ 747.60 -> small size	15:37
	2 only
<+bazooka85>	Long ES @ 1285.00 «« paper »»	15:38
	two more at 1284.00 if it reaches
<bazooka85>	Exited all ES Long @ 1285.75 --> + 0.75 «« paper »»	15:39
<+bazooka85>	Shorts ES @ 1286.50 «« paper »»	15:41
<@NihabaAshi>	volatility contracting
	It must be preparing for rush hour traffic
<+szubaark>	This Support area starting to look Weak here
<@NihabaAshi>	Exited ER2 Long @ 747.70 --> + 0.1	15:42
	I'm done...lost my patience will is a sign to either stop trading or take a long break from trading.	15:43
	will = which
<+bazooka85>	Covered all ES Short @ 1283.25 --> + 3.25 «« paper »»
<@NihabaAshi>	volatility spike	15:44
<+bazooka85>	jesus
<+szubaark>	hehe.. end of day games
	sliced right thru 2 Support areas	15:45
<+bazooka85>	Long ES @ 1283.25 «« paper »»
	only doing market orders btw
<+szubaark>	u trading real or paper?	15:46
<+bazooka85>	paper	15:47
	but only market
	so no unrealistic limit orders
	still down overall for the day
<+szubaark>	why unrealistic? sometimes ES will sit on Bid or Ask for minutes, u dont have to do Market LOL	15:48
	I can see ER or YM/CL having Fast Tape, but not ES	15:49
<+bazooka85>	Long ES @ 1281.50 -> Add «« paper »»	15:50
	then it will be a handicap ;)	15:51
	Exited all ES Long @ 1283.00 --> + 1.25 «« paper »»	15:52
	+.5
	Shorts ES @ 1283.25 «« paper »»
	Covered all ES Short @ 1284.25 --> - 1 «« paper »»	15:55
	Long ES @ 1284.25 «« paper »»
	seeing some Rally Monkey--short squeeze	15:57
	Exited all ES Long @ 1286.50 --> + 2.25 «« paper »»	15:58
* sep34	is now known as sep34_away	16:08
<+peterpanboy>	thanks to everyone see ya tomorrow bye	16:10
<bazooka85>	can someone	16:18
<+bazooka85>	buy a contract
	and keep for very long time, as long as it does not expire
	keep all the requirements?
	is there any hidden subcharges etc etc	16:19
<@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
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