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August Trade Log

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Disclaimer

#FuturesTrades August 14th Thursday 2008 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+16.20	+170.20	+2212.80
$1,620	$17,020	$221,280

Emini ES

0957am - 1000am est

click on image to view actual size

Current Performance Record

Supply/Demand Change of the Day

Profit/Loss Statement

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

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

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

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

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

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

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

#FuturesTrades purpose, benefits and access info for day traders, swing traders and position traders...click here.

Time Zone Info Chat Log below is eastern standard time (est) - New York City, U.S.A and/or Montréal, Canada time zone.

WRB Analysis

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Session Start: Thu Aug 14 00:00:00 2008Session Ident: #futurestrades

<AndyP> Long ES @ 875.25 00:27

<+AndyP> testing

Exited ES Long @ 875.75 --> + 0.5 00:29

Long ES @ 20 00:34

Exited ES Long @ 19 --> - 1 00:36

Long NQ @ 20 00:53

Exited NQ Long @ 20 --> 0 00:54

Long EuroFX @ 148 «« testing »» 01:00

Exited EuroFX Long @ 149 --> + 1 «« testing »» 01:01

<timmyb> gm all 07:15

<@X> #FuturesTrades Info -> No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended without their permission.
More info at http://www.thestrategylab.com/FuturesTradesChatRoom.htm

<tzar> good morninig 08:19

* manto is now known as pat255 08:24

<+tzar> good morninig 08:26

<Alturus> morning

<KN-SR> Long ES @ 1260.50 08:32

<+timmyb> wth just happened

<+KN-SR> nop

<rickf> news @ 830

<+KN-SR> Long ES @ 1280.50

<+tzar> gm kn

<+rickf> CPI 08:33

<+tzar> someone took profits

oh

<+KN-SR> Exited 3/4 ES Long @ 1281.50 --> + 1

s.l .75

<+timmyb> Long ES @ 1279.50 «« paper »» 08:34

<pat255> gm all 08:35

<silo> wow 08:36

<+timmyb> Long ES @ 1278 -> Add «« paper »» 08:37

1275 looks good for support imo 08:38

<+KN-SR> Long ES @ 1278.00

s.l 1.25

brb

Long ES @ 1277.50 08:47

add 08:48

brb

* anglo is now known as a 09:04

<+KN-SR> . 09:09

its dead

bbl

<a> [14:14] <+KN-SR> build some observation......its all about s/r[14:14] <+KN-SR> and if they break it or get bounced[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 09:12

<+a> I liked those 3 posts a LOT. KN.

thanks 09:13

<+silo> hey KN 09:15

<+timmyb> KN when u come back i got a question

what is your interpretation of a down candle with teh most volume on ask 09:16

or anyone opinion

<@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

<ItalianSharp> morning all 09:25

<Trader> Good Morning EO 09:26

<ripsboy> gm folks...

<futurible> gm all

<+rickf> mg all

* sep34_away is now known as sep34 09:27

<PapaJon> gm all 09:28

<drt> gm

<Brutus> gm guys 09:29

* NihabaAshi_away is now known as NihabaAshi 09:33

<@NihabaAshi> Long ER2 @ 743.70 -> large size 09:34

Exited 2/3 ER2 Long @ 745.10 --> + 1.4 09:36

Exited ER2 Long @ 746.50 --> + 2.8 09:43

<+rickf> vn niha 09:44

<palmer> yep nice hold

<+pat255> vn start N

<LP> wtg

<@NihabaAshi> Shorts ER2 @ 746.20 -> small size 09:46

1 only

<+silo> Shorts ER2 @ 745.5 09:48

<szubaark> Shorts ES @ 1278.25 «« paper »»

<+rickf> short es 1278

<@NihabaAshi> Covered ER2 Short @ 745.00 --> + 1.2 09:49

<+szubaark> Covered all Short ES at 1276.75 --> + 1.5 «« paper »»

<@NihabaAshi> Be back later...need to do a complete reboot of my system to fix some overnight software update problems that's causing some sluggishness in one of my data vendors. 09:50

* NihabaAshi is now known as NihabaAshi_away

<+timmyb> Exited all ES Long @ 1280 --> + 2.5 «« paper »» 09:51

Session Start: Thu Aug 14 09:52:57 2008Session Ident: #futurestrades

* DisconnectedSession Close: Thu Aug 14 09:52:57 2008 09:52

Session Start: Thu Aug 14 09:59:26 2008Session Ident: #futurestrades

* Now talking in #futurestrades 09:59

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

<+rickf> long es 1282

<+Brutus> Niha are you using TT x trader? 10:02

<+szubaark> Exited all Long ES at 1283.50 --> + 3.5 «« paper »»

<+timmyb> Shorts ES @ 1282 -> Add «« paper »»

<+rickf> nice szu

<+szubaark> thnx

<+Brutus> n1 szu

<@NihabaAshi> X_trader via Velocity 10:03

<+Brutus> same n, I got the lag as well

<Andy> Shorts ES @ 1283.50

<+Brutus> I just restarted guardian, it is OK now 10:04

<@NihabaAshi> I just open a Infinity Account and will be switching to that soon but will be keeping X_Trader with velocity because Infinity only allows one program per account (Infinity offers X_Trader)

Meant...Infinity offers many types of trade execution program but you can only designate one program per account 10:05

<+Brutus> ic

<+Andy> Covered 3/4 ES Short @ 1282.25 --> + 1.25

<+timmyb> anyone ehre use market delta

im demoing it

it rocks

<@NihabaAshi> Not a Infinity issue...I think its some sort'uv broker regulation rule (not sure).

<+timmyb> ;)

<+Andy> Covered Remainder ES Short @ 1283.25 --> + 0.25 10:07

<@NihabaAshi> FYI - There are some traders in here researching the merits of my method. 10:08

<+rickf> exit es 1284.50 +2.5

<+timmyb> Covered all ES Short @ 1283 --> - 6 «« paper »»

Long ES @ 1283 «« paper »» 10:09

<@NihabaAshi> Please be aware that MOST in here do not use my method nor aware that I'm a trader/vendor.

Therefore, if you have any questions...please PM me and not PM others in here.

Thanks.

Heck, I don't even know what others in here are using for their trade decisions :) 10:11

As in "most".

<+pat255> lol

<+rickf> Magic Eight Ball Analysis :) 10:12

<+timmyb> i throw darts

<+Andy> for my part, astology

<@NihabaAshi> Hey, I tried that once in the bull market of the 90's...

It works :)

<+a> KN based power trading

<+Andy> did anyone notice Jupiter over the moon last night?

:) 10:13

<+rickf> lol

<+a> in other words. I look at KN's trading and try to not be against him

<+PapaJon> yah mahn... an i scatter da bones on me desk mahn... they tell da true story 10:14

<+a> :)

<+szubaark> lol Papa

<+PapaJon> :)

<+silo> you smoking the doobie too mahn

?

<+szubaark> ?

<+PapaJon> only once a week

<+rickf> i'm keeping my screen real simple these days and trying to be disciplined in entries and exits. 10:17

<+szubaark> Shorts ES @ 1283.25 «« paper »» 10:19

Covered all Short ES at 1284 --> - 0.75 «« paper »»

Buys ES @ 1284.25 «« paper »» 10:20

Exited all Long ES at 1283.25 --> - 1 «« paper »» 10:22

Shorts ES @ 1283.25 «« paper »»

Covered all Short ES at 1285 --> - 1.75 «« paper »» 10:23

Shorts ES @ 1283.75 «« paper »» 10:25

<+timmyb> anyone here have zenfire 10:31

apparently i am really delayed

<@NihabaAshi> I've been seeing a lot of questions lately at different forums about Zen Fire... 10:32

Seems to have capture the interest of a lot of traders.

<+timmyb> i mean i am at 1285.25 right now

and my freind is saying we over 1286

<+Alturus> im at 1287 now

last 10:33

<+timmyb> mines 1285.50

can a pc cause that??

<+Alturus> not using zenfire fyi

<+timmyb> i know the pc i am on today is slow

<+Brutus> Shorts ES @ 1288.75 10:34

<+timmyb> i wonder if my pc can make it run slower

i am glad i am not live

are we at 1289 yet 10:35

cause i havent got to 1287 yet

maybe i should reboot

<+szubaark> Parabolic upmove :((

<+timmyb> omg i am like 3 mins behind 10:36

whats it at now the ES??

<+Brutus> Covered ES Short @ 1288.75 --> 0

<+timmyb> 1288 omg 10:37

<+Brutus> sorry cant trade and post

<+timmyb> no prob

brutus

<+Brutus> nq at yhod 10:38

<+rickf> szu - are you still short?

<+szubaark> yup :( 10:39

<+rickf> :((((

<+szubaark> this upmove is way Overextended 10:40

<+rickf> see if 89 holds as resistance

yep - for whatever reason i dunno 10:41

<+szubaark> well, we just got Overnight Stops

is there some news?? LOL 10:42

<+Brutus> Shorts ES @ 1290.25

stp 1291 10:43

<+szubaark> Short Squeezzeeee

<+Brutus> Covered ES Short @ 1291 --> - 0.75 10:44

<+timmyb> im gonna go call zenfire

<+szubaark> Covered all Short ES at 1291.75 --> - 8 «« paper »» 10:45

got caught on that one

Shorts ES @ 1291.25 «« paper »» 10:46

<+ItalianSharp> szu, not a good day to fight the trend...at least not right now 10:47

this thing is looking like a major short squeeze

<+rickf> maybe due to reg sho covering?

<+ItalianSharp> impressive rally on negative CPI data 10:48

who would have thought it??? ;)

<@NihabaAshi> Yeah...lots of negative info in the market and some world events...

Great example of bad news is good for the market

<+ItalianSharp> right

EURUSD stuck in a range again

<+silo> Covered all ER2 Short @ dsfasgaew --> + 745.5 - dsfasgaew 10:49

<+timmyb> Exited all ES Long @ 1291.00 --> + 8 «« paper »»

<+silo> forgot to exit out of this one..... did on my platform though

and took it long

now back to positive today

<+ItalianSharp> oil stuck in a range as well

actually trying to rise

<@NihabaAshi> Gold in a range too...maintaining that connection with Euro 10:50

<+silo> i'm looking for shorts

<+timmyb> Shorts ES @ 1291.00 «« paper »»

<+silo> for a quick retrace

if i see a good opportunity

:)

<+rickf> i've heard of trading naked, silo....but geez :)

(sorry couldn't resist)

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)

<+ItalianSharp> guess the stock market is where the big boys are placing their money today and yesterday...leaving EURUSD and OIL alone momentarily

<+silo> trading naked? 10:51

<+rickf> If EUR/USD bumps up to 152 range I'd consider a short position

<+silo> oh haha

just realized what yo uwere talking about

:D

<+rickf> :)

<+szubaark> Covered all Short ES at 1293.25 --> - 2 «« paper »» 10:53

Buys ES @ 1293.25 «« paper »»

<+ItalianSharp> rick, 1.52-1.53 is a good range for shorts

<+rickf> ty

if we get back up there :) 10:54

ok - back in a bit, gym and groceries await

<+szubaark> c'mon lets rocket another 10 points

Exited all Long ES at 1291.50 --> - 1.75 «« paper »» 10:55

Shorts ES @ 1291.50 «« paper »»

<+silo> Shorts ER2 @ 753.8

<+timmyb> Shorts ES @ 1292.00 -> large size «« paper »» 10:58

forgot to enter it

<@NihabaAshi> 3 back to back short posts in here :) 11:02

Shorts ER2 @ 753.00 -> small size

Make that 4 back to back Short position posts in here :) 11:03

<+silo> the momentum has shifted lol

<@NihabaAshi> 2 contracts only for me

<+silo> 1 for me

:D

but then again my max is 2

:D

<+timmyb> 1289 target for me on ES

i see some support at 1288.50 level on buys at ask

Covered all ES Short @ 1291.25 --> + 0.75 «« paper »» 11:04

we go up now unfortunately

tough area here

<@NihabaAshi> Covered ER2 Short @ 753.60 --> - 0.6 11:06

Long ER2 @ 753.80 -> small size

3 only

<+szubaark> Covered all Short ES at 1292.25 --> - 0.75 «« paper »»

Buys ES @ 1292.25 «« paper »» 11:07

<+silo> Covered all ER2 Short @ 754.2 --> - 0.4

Long ER2 @ 754.5 11:10

<@NihabaAshi> Exited 2/3 ER2 Long @ 755.00 --> + 1.2 11:13

<+timmyb> Long ES @ 11292.25 «« paper »»

keep forgetting to type it

<+Andy> Shorts ES @ 1293.75 11:15

<+silo> Exited all ER2 Long @ 754.2 --> - 0.3 11:17

<+AndyP> Long ES @ 1293.25 «« paper »» 11:18

<@NihabaAshi> Exited Remainder ER2 Long @ 754.30 --> + 0.5

:( 11:19

<+silo> Long ER2 @ 755

<+szubaark> Volatility spike

<@NihabaAshi> Shake me out again and then run it up to the upside :(

<+szubaark> this looks really strong today

<+timmyb> poor niha

<@NihabaAshi> :)

<+timmyb> Exited all ES Long @ 1293.25 --> - 9999 «« paper »» 11:20

whatever

i made like 1.4 i think 11:21

Shorts ES @ 1293.25 «« paper »»

Covered all ES Short @ 1295 --> - 1.75 «« paper »» 11:24

Long ES @ 1295.75 «« 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
11:25

<+szubaark> Exited all Long ES at 1294 --> + 1.75 «« paper »» 11:25

Shorts ES @ 1294 «« paper »» 11:26

<+AndyP> Exited ES Long @ 1294.25 --> + 1 «« paper »» 11:27

<+silo> Shorts ER2 @ 754.2 11:29

<+AndyP> Long ES @ 1293.75 «« paper »» 11:37

<+szubaark> Covered all Short ES at 1294 --> 0 «« paper »» 11:38

Buys ES @ 1294.25 «« paper »»

Exited all Long ES at 1293 --> - 1.25 «« paper »» 11:41

Shorts ES @ 1293 «« paper »»

Covered all Short ES at 1293.50 --> - 0.5 «« paper »» 11:55

Buys ES @ 1293.50 «« paper »»

<bazooka85> woo 11:58

<+bazooka85> gm 11:59

<+szubaark> looks like 1300 Next 12:02

<+bazooka85> Shorts ES @ 1293.75 «« paper »» 12:04

<+szubaark> Exited all Long ES at 1293.50 --> 0 «« paper »» 12:06

Shorts ES @ 1293.50 «« paper »»

Covered all Short ES at 1294.75 --> - 1.25 «« paper »» 12:07

Buys ES @ 1294.75 «« paper »»

<+bazooka85> Covered all ES Short @ 1294.75 --> - 1 «« paper »»

Long ES @ 1293.75 «« paper »» 12:09

<@NihabaAshi> Long ER2 @ 756.50 -> small size 12:13

intentional chasing

<+bazooka85> Exited all ES Long @ 1294.75 --> + 1 «« paper »»

yeah 12:14

looks very bullish

Long ES @ 1294.00 «« paper »»

<@NihabaAshi> Exited ER2 Long @ 755.70 --> - 0.8 12:15

Reverse and Enter Short ER2 @ 755.70

<+bazooka85> Exited all ES Long @ 1293.50 --> - 0.5 «« paper »»

<+silo> Shorts ER2 @ 755.1 12:16

<@NihabaAshi> Shorts ER2 @ 755.70 -> Add

2 contracts now 12:17

<+silo> Shorts ER2 @ 755.2 -> Add

<+szubaark> Weak Resistance area here 12:20

<@NihabaAshi> If some of the other key markets would stabilize near their current lows...

It would increase the odds of getting out of my Short with a profit at a profit target 12:21

<+szubaark> Expecting Volatility spike soon, either Up or Down 12:23

<+silo> :D 12:25

<+codehead> short YM 11648 <paper>

stop 11661

potential double top

did two scalps for real on those last pops, then got cold feet about going again, so just tracking it on paper

<bazooka85> Long ES @ 1293.75 «« paper »» 12:26

<@NihabaAshi> Covered all ER2 Short @ 754.30 --> + 2.8

Talking a long break from trading...mentally exhausted. 12:27

Be back later.

* NihabaAshi is now known as NihabaAshi_away

<+szubaark> Exited all Long ES at 1293 --> - 1.75 «« paper »» 12:28

Shorts ES @ 1293 «« paper »»

:((

TANK!!!

<+bazooka85> Long ES @ 1293.00 -> Add «« paper »»

<+codehead> exit half +17 <paper>

lower stop to 11651 on remainder <paper> 12:29

lower stop to 11641 on remainder <paper>

oops, wrong room on these: 12:32

09:31 codehead: lower stop to 11636 on remainder <paper>

09:31 codehead: stopped +12 YM remainder <paper>

short small YM 11651 <paper>, stop 11661 12:33

<+bazooka85> Exited all ES Long @ 1294.50 --> + 2.25 «« paper »» 12:34

+1.00 avg*

<+codehead> exit YM short +1 <paper> tiem to get some work done 12:35

<+bazooka85> ym boy

;)

<+codehead> short 1c YM 11650 <paper> stop 11661

might as well let idea play out

<+szubaark> Covered all Short ES at 1294.75 --> - 1.75 «« paper »» 12:36

Buys ES @ 1294.75 «« paper »»

<+codehead> oil 113.25

<+AndyP> e 1295

<+szubaark> last trade, starting to get emotional due to the many losing trades

<+AndyP> Exited ES Long @ 1295 --> + 1.25 «« paper »»

<+bazooka85> ignore past 12:37

<+codehead> oil weakness helping market

<+bazooka85> for you are trading the future!

<crom> amazing how inflation is 4x worse then estimated and market rallies

<+bazooka85> Shorts ES @ 1294.75 «« paper »» 12:38

<+codehead> exit YM +2 <paper> 12:39

hm, that was it too...

but time to look at work

<+bazooka85> Shorts ES @ 1295.25 -> Add «« paper »» 12:41

oil may have found bottom 12:42

Covered all ES Short @ 1297.25 --> - 4.5 «« paper »» 12:43

-3.5ish*

<+ItalianSharp> EURUSD and OIL breaking down...correlation with eminis restored 12:48

this could turn into a parabolic move

<+bazooka85> Shorts ES @ 1299.25 «« paper »» 12:51

channeling down, keeping tight stop on this 12:57

incase it pops upwards'

<+KN-SR> Shorts ES @ 1298.50

<+bazooka85> yesss 12:58

feels great i got in before kn!!!

<+KN-SR> :)

congratulations

<+bazooka85> i got two indicators

bazicator

and KN

<+KN-SR> s.l. 00.75 12:59

brb 13:00

<+bazooka85> Covered all ES Short @ 1298.00 --> + 1.25 «« paper »» 13:11

Shorts ES @ 1297.00 «« paper »» 13:22

<@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> humm 13:31

finally

Covered 1/2 ES Short @ 1294.50 --> + 4 13:32

<bazooka85> Covered all ES Short @ 1295.00 --> + 2 «« paper »»

<+KN-SR> Covered 1/4 ES Short @ 1295.00 --> + 3.5

<+bazooka85> Long ES @ 1295.00 «« paper »»

<+KN-SR> Covered 1/4 ES Short @ 1295.50 --> + 3 13:34

<+ItalianSharp> it's either a bigger retracement or bears are coming out of the forest

<+KN-SR> h9

<+Brutus> nice trade KN, don't know how you called it :), most times I have and idea

<+KN-SR> :)

thanks 13:35

for some reason was very sure.......had a big order :)

<+bazooka85> you followed me copy cat 13:37

<+KN-SR> exctly

all credit goes to bazooka85 13:38

<+bazooka85> ;)

gimme 10% of your earnings

<+KN-SR> take a bad check?

<+bazooka85> haha

as long as you write over 1 million on it 13:39

<+KN-SR> its a blank check

completely blank

<+timmyb> lol guys

call it pre printed KN 13:40

<+KN-SR> :)

in spanish 13:43

<+bazooka85> Exited ES Long @ 1294.00 --> - 1 «« paper »» 13:45

Reverse and Enter Short ES @ 1294.00 «« paper »»

<+KN-SR> wb

Covered 1/4 ES Short @ 1293 --> + 5.5 13:46

h8

Covered 1/4 ES Short @ 1293.50 --> + 5 13:47

h7

<+bazooka85> ahhh

stop smacking the ask!

<+KN-SR> Covered 1/4 ES Short @ 1294.00 --> + 4.5 13:50

h6

<+bazooka85> Covered all ES Short @ 1295.00 --> - 1 «« paper »» 13:59

Shorts ES @ 1295.50 «« paper »» 14:01

<+a> nice trade KN. you sure can pick extremes. 14:02

<+bazooka85> Shorts ES @ 1296.00 -> Add «« paper »» 14:03

<+KN-SR> :) 14:04

sl 98.50 0.00

<+bazooka85> Covered all ES Short @ 1295.25 --> + 1 «« paper »» 14:06

Long ES @ 1295.00 «« paper »» 14:07

+.5 avg btw*

Exited all ES Long @ 1296.50 --> + 1.5 «« paper »» 14:11

Long ES @ 1296.00 «« paper »» 14:12

Long ES @ 1295.25 -> Add «« paper »» 14:14

Exited all ES Long @ 1294.50 --> - 2.25 «« paper »»

<+Andy> Shorts ES @ 1295.75 14:16

Covered all ES Short @ 1297 --> - 1.25 14:19

<+KN-SR> early exit Andy 14:23

brb

<+Andy> yes 14:24

:(

<+codehead> YM has somewhat of a big head & shoulder patter on the 5 min chart 14:40

if it break say 11610, might be some decent down

<KN-SR> Covered 1/4 ES Short @ 1290.50 --> + 8 14:46

<+KN-SR> h4

nop 14:47

h3

<+codehead> that h&s went, got a scalp

<+szubaark> Shorts ES @ 1291.25 «« paper »» 14:50

<+a> KN based power trading at its finest. 14:51

* NihabaAshi_away is now known as NihabaAshi 15:04

<+rickf> back 15:05

<bazooka85> Shorts ES @ 1290.00 «« paper »» 15:09

<+bazooka85> brb

<+codehead> YM dipped 2 ticks past .500 retracement of day's range, at the low of that pb 15:15

<bazooka85> Shorts ES @ 1290.25 -> Add «« paper »»

<+bazooka85> Covered Remainder ES Short @ 1292.00 --> - 3.75 «« paper »» 15:16

-2.75*

my dog was choking 15:17

couldnt set stops

<+timmyb> Long ES @ 1292 «« paper »»

<@NihabaAshi> Long ER2 @ 753.40 -> small size 15:19

1 only

<+ItalianSharp> eminis may have resumed their uptrend

looked like bears had taken control...now bulls possible in control again 15:20

<@NihabaAshi> Looking to ADD

<+ItalianSharp> ER2 couldnt break 752...big support there

<@NihabaAshi> Long ER2 @ 753.40 -> Add 15:21

2 now

stop tighten

<+ItalianSharp> 72.50 key level for ER2 15:22

<@NihabaAshi> Exited ER2 Long @ 752.80 --> - 1.2

<+bazooka85> Long ES @ 1291.00 «« paper »» 15:23

<+silo> omg this price action is killing me 15:25

<+ItalianSharp> ER2 is stuck between 52 and 55

3pt range

something is going to pop soon 15:27

mkts are coiling

<@NihabaAshi> Shorts ER2 @ 752.10 -> small size 15:28

3 only

volatility trying hard to pick up

<+ItalianSharp> YM ES NQ need to go down soon...or else this downmove could translate into an upmove 15:30

<@NihabaAshi> Gold showing some stability after its most recent spike down

<+ItalianSharp> big time jumpy price action 15:31

tough to manage trades properly

<@NihabaAshi> It's going to get more jumpy

<+ItalianSharp> looks like it's a big fight between bulls and bears 15:32

<+szubaark> Covered all Short ES at 1291.25 --> 0 «« paper »»

<+ItalianSharp> good patience niha 15:33

tough to hold onto that roller coaster

<+szubaark> Shorts ES @ 1289.50 «« paper »»

ouch

<@NihabaAshi> Covered ER2 Short @ 753.10 --> - 1

<@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
15:34

<+ItalianSharp> lots of buyers at these levels...NQ wants higher

<@NihabaAshi> Long ER2 @ 753.20 -> small size

3 only

<+ItalianSharp> i'd be shocked to see eminis falling after this big fight 15:35

<+szubaark> looks like lots of fakeouts here before next move,IF ANY :)) 15:36

<+ItalianSharp> holy cow...every single spike is quickly retraced...this is one of the best times to sit out...i usually dont like it, but i am enjoying it right now

:)

ER2 shooting straight up

niha, you looking good 15:37

<+szubaark> Covered all Short ES at 1203.25 --> + 86.25 «« paper »»

<+ItalianSharp> :)

<+szubaark> Buys ES @ 1293.25 «« paper »»

extremely diffucult day to trade

<+codehead> that .500 retracement point on YM held again on the last dip 15:41

<+bazooka85> Exited all ES Long @ 1289.75 --> - 1.25 «« paper »»

from earlier

<@NihabaAshi> Exited Remainder ER2 Long @ 753.70 --> + 0.5 15:42

<+bazooka85> Shorts ES @ 1293.00 «« paper »»

<AndyP> Shorts ES @ 1293 «« paper »» 15:49

<+bazooka85> lets go andy! 15:51

<+rickf> sure looks like a drop setting up 15:52

lower highs since 1242pm, nice trendline

<+bazooka85> Covered all ES Short @ 1292.00 --> + 1 «« paper »»

<+rickf> short es 1291.25 sm sz 15:53

<+szubaark> Exited all Long ES at 1291.25 --> - 2 «« paper »»

Shorts ES @ 1291.25 «« paper »»

<+bazooka85> Long ES @ 1291.50 «« paper »»

Exited all ES Long @ 1292.00 --> + 0.5 «« paper »» 15:56

Shorts ES @ 1292.75 «« paper »» 15:58

Long ES @ 1293.50 -> Add «« paper »» 15:59

oops 16:00

Exited all ES Long @ 1293.50 --> + 0.75 «« paper »»

mistake*

<@NihabaAshi> Looks like everybody is running into each other on the trading floor :)

<+szubaark> Covered all Short ES at 1293.50 --> - 2.25 «« paper »» 16:01

<KN-SR> :)

<+szubaark> what a day

<+KN-SR> take care all.........see u all later.......good trading

<+rickf> cya kn

<+Brutus> cya

<+rickf> yeesh 16:02

exit es 1293.25 -2 16:03

have a good one --- bad tstorm outside, going to shut down

cya tomorrow 16:04

<+AndyP> Covered all ES Short @ 1293 --> 0 «« paper »»

<+Andy> gn all 16:08

<+timmyb> Exited all ES Long @ 1294.00 --> + 2 «« paper »» 16:09

bye guys

<@NihabaAshi> FYI - We have another trading day that closed as a range in the upper third of a strong up movement.

Thus, be careful tomorrow in the first hour of trading if you suspect its ranging...it'll make the brokers very happy if you then decide to trade it. 16:10

Take care all and see all tomorrow

<+tzar> bye NihabaAshi!

* NihabaAshi is now known as NihabaAshi_away 16:29

* sep34 is now known as sep34_away 16:47

<bazooka85> bye all 17:00

<+bazooka85> cyaaa

<@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
17:37

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