#FuturesTrades August 14th Thursday 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: 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 »»