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#FuturesTrades August 15th Friday 2008 Trade Log

 

Russell 2000 Emini ER2 Futures

Today Month Year
+14.10 +184.30 +2226.90
$1,410 $18,430 $222,690

Emini NQ

0950am - 0952am 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
  
Session Start: Fri Aug 15 08:22:18 2008Session Ident: #futurestrades
* Now talking in #futurestrades08:22
<@X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<rickf> gm all08:27
<Widgetman> sold ES 2+08:33
<+tzar> gm rickf, Widgetman08:36
<+rickf> hi tasr
tzar
you
yes you
<+tzar> :)
<+Widgetman> gm08:37
<+tzar> you ever heard of marketdelat?

delta
<+rickf> yep
<+Widgetman> thx KN for heads up :)
<+tzar> ever used it?
* +rickf tried it for a few days -- didnt find much use for it though it was interesting
<+rickf> marketdelta footprint
<+tzar> yep

kn says its very good software08:38
<+rickf> i'm sure it's handy -- i did like it -- but wanted to keep my screens as uncluttered as possible
yes i made a few good trades from it and picked reversalpoints accurately
<+tzar> i guess its time for another monitor then08:39

:)
<+rickf> got 208:40
use 108:41
<+tzar> then its time to turn on that second one
<+rickf> meh -- maybe.....i just don't WANT that much data coming into my mind @ once
<pat255> what soft delta is?
<+pat255> for charts?
<+tzar> KN uses big volume to trade from

this would allow us to identify those levels08:42

pat255, www.marketdelta.com
<+pat255> ty
<+rickf> simple volume histogram can do that too on my existing charts
<+tzar> do we know if kn uses cumulative volume or does he seperate buys and sells08:43
?
<+rickf> dunno
<+tzar> bad rickf, very very bad08:44
<+rickf> ?
<@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> jk
<+rickf> :0
<+tzar> i dont know the answer, dont remmebr to be exact, but i think he said cumlative
it woudl be hard using the matrix alone to seperate08:45
<+pat255> it wil ne nice if kn cud show some charts & see how it detrmines the levels & take the trades ..08:47

just a thot
<silo> anyone here uses openEcry?08:58
<+rickf> yep
<+silo> you do rick?
<+rickf> ye
<+silo> oh sweet
<futurible> gm all09:00
<palmer> anyone here use ampfutures09:02
<+pat255> thinking about it ..may open a account with them..09:09
<+silo> morning folks09:24
<baxwill> greetings silo
<+silo> 10am : Consumer Sentiments report
* sep34_away is now known as sep3409:27
<ItalianSharp> morning all09:28
<+baxwill> VPC's at 753.7, 754.5,

another MP at 756.709:29
<PapaJon> gm all
<KN-SR_>  Long ES @ 1296.25 09:30
<+KN-SR_> add
brb
<KN-SR_>  Exited 1/3 ES Long @ 1298.25 --> + 2 09:32
<+KN-SR_> out all of 1297.25
s.l 94.2509:33
Exited 1/3 ES Long @ 1299.50 --> + 3.25 09:35
out of all 1298.50
<+silo>  Long ER2 @ 761.5 09:36

Exited all ER2 Long @ 762.8 --> + 8.9
<+KN-SR_> two early entries were killing me this morning......finally done with them
<+silo> wait

that's not right

Long ER2 @ 761.5
<ripsboy> gm all..
<+silo>  Exited all ER2 Long @ 762.8 --> + 1.3

there we go
<+KN-SR_>  Exited 1/2 ES Long @ 1299.25 --> + 3 09:38
h9
brb
<@NihabaAshi>  Shorts ER2 @ 761.50 -> small size 09:39

Covered ER2 Short @ 762.30 --> - 0.8 09:41
<+baxwill> Silo, why was calculation screwed up?
<+KN-SR_>  Exited 1/4 ES Long @ 1301.25 --> + 5 09:42

nice
<@NihabaAshi>  Long ER2 @ 763.50 -> small size
<+KN-SR_> ly broken

1304.25 next

h8
<+silo>  Long ER2 @ 763.5 09:43
<@NihabaAshi> Long an intuition trade
<szubaark>  Buys ES @ 1302 «« paper »»
<+KN-SR_>  Exited 1/4 ES Long @ 1302.25 --> + 6

h7
<@NihabaAshi>  Exited ER2 Long @ 763.60 --> + 0.1 09:44
<+silo>  Exited all ER2 Long @ 763 --> - 0.5 09:45
<@NihabaAshi>  Shorts ER2 @ 762.90 -> small size
Price action moving a little too fast for me...09:47
<+silo>  Shorts ER2 @ 761.7 09:49
<@NihabaAshi>  Covered ER2 Short @ 761.80 --> + 1.1
<+AndyP> Short 6B @ 185.8209:50
<+rickf> options friday btw
<@NihabaAshi> I'm trading and watching the U.S. / Canada overtime (extra period) womens soccer game.

Simply, I have a ton of distractions since the opening bell of the market :)
<+rickf> who's up?09:51
<+KN-SR_> 99.50...

brb
<@NihabaAshi> Be back when the game is over.
* NihabaAshi is now known as NihabaAshi_away
<+palmer> wha is 99.50?09:52
<+rickf> prolly whre his stop is09:53
<+silo>  Covered all ER2 Short @ 758.4 --> + 3.3
<+szubaark>  Exited all Long ES at 1297.25 --> - 4.75 «« paper »»

Shorts ES @ 1297.25 «« paper »»
<LP> http://www.nbcolympics.com/index.html09:56
<+LP> watch anything you missed, anytime09:57
* NihabaAshi_away is now known as NihabaAshi
<+LP> best i could find
<+ItalianSharp> very jumpy price action...gonna sit out till it slows down...my eyes are already tired10:01
<+rickf> short es 1297.50 sm sz
<+ItalianSharp> :(
<+silo>  Shorts ER2 @ 756.6 10:02
<+ItalianSharp> looks like bears stepped in heavy as eminis were trying to put up an early rally10:03
this is heavy selling
<@NihabaAshi> More strength going down then up so far today
<+silo> wow
<+szubaark> yes
<+rickf> exit 1/2 es 1294 +3.510:04
<+szubaark> nice rick
<+silo> i was like is this right? i entered and immediately showed a 1 pt gain... eventhough my chart didn't catch up yet
lol
wow
<@NihabaAshi> Initial pop to the upside now completely retraced and more
<+rickf> thx szu
<+silo>  Covered all ER2 Short @ 755.6 --> + 1
<+rickf> exit es remainder 1293.50 + 410:05
<+szubaark> at open looked like they gonna break to upside
<+AndyP> Covered B6 @ 185.42 +.4010:06
<+ItalianSharp> any news other than univ of michigan sentiment???
<Trader> no10:07
<+ItalianSharp> this is really weird
<+Trader> TIC from earlier
56 B 62 expected
<+ItalianSharp> ah...venus williams was defeated by chinese Li...that's why we are going down10:08

:)
<+szubaark> lol
<+silo> :D10:10

looking for longs now10:12

for a quick bounce
<@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_>  Long ES @ 1294.50 10:16

s.l 92.25
<@NihabaAshi> I'm back from watching the Olympics.10:22
<+rickf> short es 9210:23
<@NihabaAshi>  Long ER2 @ 752.90 -> small size 10:25
* sep34 is now known as sep34_away
<+silo> intuition right?10:26
Long ER2 @ 753.9 10:27
<@NihabaAshi> tighten trail

:(10:28

Exited ER2 Long @ 753.20 --> + 0.3
<+rickf> out es @ 93 -1 (late)10:29
<+silo> wow i feel so much omre comfortable knowing that i have a stop order already set in hehe10:43
<+AndyP> s 1297.2510:48
<+silo>  Exited all ER2 Long @ 753.8 --> - 0.1
<+szubaark>  Covered all Short ES at 1298 --> - 0.75 «« paper »»
:((
<+silo>  Long ER2 @ 755 10:50

back in
<+szubaark>  Buys ES @ 1298.50 «« paper »»
sneaky action again
<+silo> missed exit :(10:54

er2 lagging behind10:56

only one below the opening price
<+rickf> back later - gym
<Andy>  Shorts ES @ 1300 11:01
<+Andy>  Covered 2/3 ES Short @ 1299 --> + 1 11:02
<+silo> buying pressure still there11:04
<+Andy>  Covered Remainder ES Short @ 1298 --> + 2 11:07
Long ES @ 1298.5 11:08
<+silo>  Exited all ER2 Long @ 753.5 --> - 1.5 11:10

stop hit

:\

Long ER2 @ 754.80 11:12

back in
<+Andy>  Exited 2/3 ES Long @ 1299 --> + 0.5
Exited Remainder ES Long @ 1299 --> + 0.5 11:13
<+silo> dax spiked up a bit11:14

dax hits resistance though :(11:15
<bazooka85> gm gm gm11:16
<+szubaark>  Exited all Long ES at 1298.75 --> + 0.25 «« paper »» 11:23

Shorts ES @ 1298.75 «« paper »»
<+bazooka85>  Long ES @ 1299.00 «« paper »»
<@NihabaAshi>  Shorts ER2 @ 753.30 -> small size 11:24

2 only
<+Andy>  Long ES @ 1298.75 11:25
<@NihabaAshi>  Covered ER2 Short @ 753.90 --> - 0.6
<+bazooka85>  Exited all ES Long @ 1300.25 --> + 1.25 «« paper »» 11:27
<+Andy>  Exited 2/3 ES Long @ 1300 --> + 1.25
<@NihabaAshi>  Long ER2 @ 754.20 -> small size 11:28
2 only
<+szubaark>  Covered all Short ES at 1299.75 --> - 1 «« paper »» 11:29

will watch for a while, this is just Chop11:30
<@NihabaAshi> It's trying hard to "unchop" itself :)
I'll give it a few more minutes to try an impress me...
If not...I'll go to an early lunch.
<+szubaark>  Buys ES @ 1299.75 «« paper »» 11:31
<+silo> what's for lunch today?
:D
<+szubaark> maybe Ill catch s small spike
<@NihabaAshi> Sushi
Going out with the family
<+futurible>  Long ER2 @ 755.00 «« paper »»
<+bazooka85>  Shorts ES @ 1300.50 «« paper »» 11:32
Shorts ES @ 1301.25 -> Add «« paper »» 11:33
1300.75 avg*11:34
<+futurible>  Exited 2/3 ER2 Long @ 755.50 --> + 0.5 «« paper »» 11:35
<@NihabaAshi>  Exited ER2 Long @ 755.20 --> + 1
It's trying to retrace back into that prior chop area...11:36
<+Andy>  Exited Remainder ES Long @ 1299.5 --> + 0.75
<@NihabaAshi> I'm not impressed and think it will continue for awhile longer.
<+futurible>  Exited Remainder ER2 Long @ 754.60 --> - 0.4 «« paper »»
<+palmer> what will continue niha
the chop?
<+szubaark>  Exited all Long ES at 1299.25 --> - 0.5 «« paper »» 11:37

Buys ES @ 1299.25 «« paper »»
<@NihabaAshi> chop
<+bazooka85>  Covered all ES Short @ 1299.00 --> + 3.75 «« paper »»
<+silo>  Exited all ER2 Long @ 753.9 --> - 0.9
<+bazooka85> +2.75 avged*
<+silo> yeah i'm gonna step back a little11:38
while i'm still up
wait for a better move
<+bazooka85>  Covered all ES Short @ 1300.00 --> + 0.5 «« paper »»

i'm owning today ;D
* NihabaAshi is now known as NihabaAshi_lunch11:40
<+silo> you put the market in a peruvian necktie?
<+bazooka85>  Long ES @ 1298.25 «« paper »»
lol11:41
i just clicked buy sell and exit all ;)
<+silo>  Shorts ER2 @ 753.7 11:43
<+futurible>  Shorts ER2 @ 753.10 «« paper »» 11:45
<+bazooka85>  Exited ES Long @ 1297.00 --> - 1.25 «« paper »»

Reverse and Enter Short ES @ 1297.00 «« paper »»

Covered all ES Short @ 1296.50 --> + 0.5 «« paper »» 11:47

too scared

have a stop set above, entering if it breaks up11:49

wards*

Long ES @ 1297.25 «« paper »»
<+futurible>  Covered 1/2 ER2 Short @ 751.90 --> + 1.2 «« paper »» 11:52
<+bazooka85> tighter stop
<+futurible>  Covered 1/4 ER2 Short @ 752.50 --> + 0.6 «« paper »» 11:54
<+rickf> back
<+bazooka85>  Long ES @ 1296.25 -> Add «« paper »» 11:57
still tight stop
avg 1296.75*
<+silo>  Covered all ER2 Short @ 752.2 --> + 1.5
<+rickf> short es 1296 sm sz11:59
<+szubaark>  Exited all Long ES at 1297 --> - 2.25 «« paper »» 12:00

Shorts ES @ 1299.25 «« paper »» 12:01

Covered all Short ES at 1297 --> + 2.25 «« paper »»

Buys ES @ 1296.25 «« paper »» 12:02
<+Andy>  Long ES @ 1296.25
<+szubaark> Tight Stop

exit stop set ES @ 1295.50 «« paper »» 12:03
<+futurible>  Covered Remainder ER2 Short @ 752.10 --> + 1 «« paper »»
<+Andy>  Exited 3/4 ES Long @ 1296.75 --> + 0.5 12:06
<+szubaark>  Exited all Long ES at 1296.25 --> 0 «« paper »»
<+Andy>  Exited Remainder ES Long @ 1297.25 --> + 1 12:07
<+szubaark>  Shorts ES @ 1296.75 «« paper »»
<+silo>  Shorts ER2 @ 750.7 12:10
<+futurible>  Long ER2 @ 750.50 «« paper »» 12:18
<@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   

 
<+Andy>  Shorts ES @ 1296 12:22
Covered all ES Short @ 1295.5 --> + 0.5 12:26
<+futurible>  Exited all ER2 Long @ 750.00 --> - 0.5 «« paper »» 12:27

Long ER2 @ 750.60 «« paper »» 12:31
<+silo>  Covered all ER2 Short @ 751.1 --> - 0.4 12:32
<+rickf> exit es 1296 b/e

still thinking down but dont like the chop here
<+futurible>  Exited 3/4 ER2 Long @ 750.60 --> 0 «« paper »» 12:34
Exited Remainder ER2 Long @ 750.70 --> + 0.1 «« paper »» 12:36
:(12:37
<+silo>  Long ER2 @ 751.80 12:39

Long ER2 @ 752.1 -> Add 12:40

wb12:44
<+futurible>  Long ER2 @ 752.20 «« paper »» 12:46
<+szubaark>  Covered all Short ES at 1298.75 --> - 2 «« paper »» 12:47

Buys ES @ 1298.50 «« paper »» 12:48
<bazooka85> yeah
<+bazooka85> family problems

closed out of my trade -.25

Exited all ES Long @ 1 --> - 2591.5 «« paper »»

Long ES @ 1298.25 «« paper »» 12:50

hahah

;)
<+silo> so nervous12:51
this trade is so indecisive
<+rickf> goofy trading day imho
<+bazooka85> i've got a tight stop in12:52
1299.00 looks breakout point12:53
<+rickf> i'd say more like 1302 in my view -- tried to stay over 1301 twice and failed today12:54

but that's justme
<+bazooka85> got a stop and reverse in12:56
<+futurible>  Exited 3/4 ER2 Long @ 752.50 --> + 0.3 «« paper »» 12:57
<+bazooka85> so slow12:58
<+futurible>  Exited Remainder ER2 Long @ 752.40 --> + 0.2 «« paper »»

Shorts ER2 @ 752.40 «« paper »» 12:59
<+silo>  Exited 1/2 ER2 Long @ 751.90 --> - 0.2
<+bazooka85>  Exited ES Long @ 1297.50 --> - 0.75 «« paper »» 13:00

Reverse and Enter Short ES @ 1297.50 «« paper »»
<+silo> price action mad choppy right now :\13:02
<+futurible>  Covered 3/4 ER2 Short @ 752.20 --> + 0.2 «« paper »» 13:03

Covered Remainder ER2 Short @ 752.30 --> + 0.1 «« paper »»

Shorts ER2 @ 751.60 «« paper »» 13:06
<+bazooka85> too choppy!!!13:15
overall i think short for the rest of the day
going to short 1 ER ct and see how that goes13:16
<+rickf> short es 97.25 sm sz13:18
* sep34_away is now known as sep3413:20
<+bazooka85> finally!13:24

Covered all ES Short @ 1296.50 --> + 1 «« paper »»
<+silo>  Exited Remainder ER2 Long @ 751.5 --> - 0.3
<+bazooka85>  Long ES @ 1296.50 «« paper »» 13:26
<+szubaark>  Exited all Long ES at 1296.50 --> - 2 «« paper »»
Shorts ES @ 1296.50 «« paper »»
easy to get Stopped out all day on a day like this
<+bazooka85> less tight stops13:27

but that will kill you if you are wrong :(

a lot less volume spikes from today compared to yesterday13:29

i think friday is more choppy
<+rickf> options pinning13:31
<+bazooka85>  Exited all ES Long @ 1297.00 --> + 0.5 «« paper »» 13:33
<+futurible>  Covered ER2 Short @ 752.10 --> - 0.5 «« paper »»
<+silo> should have a big move coming up soon13:34

up will be breakout of downtrend13:35

down will be continuation of downtrend

:P
<+bazooka85>  Long ES @ 1297.50 «« paper »» 13:36
<+szubaark> Every spike it a trap as it is quickly faded
<+bazooka85> lol13:37
Long ES @ 1297.00 -> Add «« paper »» 13:38
avg 1297.25*13:39
ohh man13:40
looks incredibly weak to me13:41
still in long :(
<+silo> buyers are losing steam :(
<+bazooka85> platform failure!!13:42
<+silo>  Shorts ER2 @ 751.20 13:43
<+futurible>  Long ER2 @ 751.20 «« paper »»
<+bazooka85> lol13:44

u guys just give each other money, eliminate the middleman
<+silo> lol13:45
nah.. imma rob him this time13:46
<+bazooka85>  Exited ES Long @ 1295.75 --> - 1.75 «« paper »»

Reverse and Enter Short ES @ 1295.75 «« paper »»
<+silo> NQ lookign weak now13:47
<+bazooka85> wow, oil is directly correlated to indices right now
<+silo> yeah i notice that sometimes13:48
like when do i use the inverse relationship... and when are they actually in sync
puzzles me hehe
<+bazooka85> losing me gains13:49

Shorts ES @ 1296.75 -> Add «« paper »» 13:50

avg=1296.25
<+futurible>  Exited all ER2 Long @ 751.30 --> + 0.1 «« paper »» 13:51
Shorts ER2 @ 751.30 «« paper »»
<+rickf> anyone got any paint we can watch dry? would be more fun13:53
<+bazooka85> looking weak13:54
* NihabaAshi_lunch is now known as NihabaAshi13:56
<+futurible>  Covered 3/4 ER2 Short @ 750.10 --> + 1.2 «« paper »» 13:57
<timmyb> hi all
<+bazooka85> may just cover my loses14:01
<+silo>  Shorts ER2 @ 749.90 14:02

that's an add

err14:03
<+futurible>  Covered Remainder ER2 Short @ 749.30 --> + 2 «« paper »» 14:06
<+bazooka85> here we go baby
<+rickf> exit 1/2 es 1295.25 +214:07
stop moved to b/e
<+silo> covered half
<+bazooka85>  Covered 1/2 ES Short @ 1295.50 --> + 1.25 «« paper »» 14:08
+.75
Covered Remainder ES Short @ 1294.75 --> + 1 «« paper »» 14:10
+1.5
<+silo>  Covered all ER2 Short @ aegawegaeg --> + 749.90 - aegawegaeg 14:12

EXIT all +4.6

second short was supposed to be an add14:13
<+bazooka85> very choppy
rest of the day keeping any small profits i can get
<+silo> daily target reached !! :)
<@NihabaAshi>  Shorts ER2 @ 748.00 -> small size 14:14
<+futurible> congratulations,Silo
<+silo> thanks
i had to make adjustments to my trading after realizing my flaws
today i followed the rules
<+rickf> wtg silo14:16
<+bazooka85> how mcuh is your daily14:17
;)
<@NihabaAshi> ER2 trying hard to find support14:18
<+futurible>  Shorts ER2 @ 748.40 «« paper »» 14:19
<+silo>  Long ER2 @ 748.8 14:20

i entered a little too prematurely :(14:22

oh well

can only manage it
<@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   

 
<@NihabaAshi> Geeesh...what's up with the 748.40 on the bid side
<+futurible>  Covered all ER2 Short @ 748.90 --> - 0.5 «« paper »» 14:23
* Spartan_Away is now known as Spartan14:24
<+rickf> exit es remainder 1295.25 +214:25
not being greedy
<+futurible>  Shorts ER2 @ 749.10 «« paper »»
<+rickf> real fight around this level
<Spartan>  Shorts ES @ 1294.75 «« paper »» 14:26
<+rickf> back in a bit
<@NihabaAshi>  Shorts ER2 @ 748.30 -> Add
<+silo>  Exited all ER2 Long @ 748.2 --> - 0.6
<+futurible>  Covered 1/2 ER2 Short @ 748.00 --> + 1.1 «« paper »»

Covered 1/2 ER2 Short @ 749.00 --> + 0.1 «« paper »» 14:27
<@NihabaAshi>  Covered ER2 Short @ 748.90 --> - 1.5 14:30
<bazooka85> take your profits14:31
<+bazooka85> very choppy coming to the end
<@NihabaAshi>  Long ER2 @ 748.40 -> small size

3 only
<+futurible>  Shorts ER2 @ 748.00 «« paper »» 14:34
<+Spartan>  Shorts ES @ 1294.75 -> Add «« paper »» 14:35
<+timmyb>  Long ES @ 1295.50 «« paper »» 14:36
<+bazooka85> nihaba do you use real time ticks .01 increments, or the futures chart
<@NihabaAshi>  Exited ER2 Long @ 747.40 --> - 1
<+futurible>  Covered 1/2 ER2 Short @ 747.20 --> + 0.8 «« paper »»

Covered 1/2 ER2 Short @ 746.60 --> + 1.4 «« paper »» 14:40
<@NihabaAshi>  Shorts ER2 @ 746.70 -> small size 14:41
ES acting like it saw the Medusa14:43
<+Spartan> yeah, I shorted the wrong intstrument14:44
<+bazooka85>  Shorts ES @ 1295.00 «« paper »» 14:45
  
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Strategies

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   Trading Strategies ->   Strategies used by NihabaAshi, from entry to exit, exploit inefficiencies in the price action for profits of the following trading instruments via WRB Analysis and Intermarket Analysis: Emini Index Futures (EMD, ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Index Derivatives (DAX, ESTX50), Euronext Index Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Energy Futures (CL, NG, HO, QM), COMEX Metals Futures (GC), Forex Currencies (EurUsd, EurYen, UsdCdn), Exchange Traded Funds (DIA, GLD, OIH, IWM, QQQQ, SPY, XLE) and Hang Seng Index Futures (HSI) 
  
<@NihabaAshi> expecting a volatility spike here soon

tighten trail

Covered ER2 Short @ 646.80 --> - 0.1 14:46
<Brutus> strangely placed sell blocks on the ER
<+rickf> back
<@NihabaAshi>  Long ER2 @ 747.00 -> small size 14:47

Exited ER2 Long @ 746.40 --> - 0.6 14:49

Shorts ER2 @ 746.30 -> small size 14:50
<+silo>  Shorts ER2 @ 746.1
<+futurible>  Long ER2 @ 746.50 «« paper »» 14:53
<@NihabaAshi>  Covered ER2 Short @ 746.80 --> - 0.5
<+bazooka85>  Covered ES Short @ --> + 1295.00 - «« paper »» 14:54

Reverse and Enter Long ES @ «« paper »»

1296.50
<+silo>  Covered ER2 Short @ 747.2 --> - 1.1
Reverse and Enter Long ER2 @ 747.2
<+Spartan>  Covered all ES Short @ 1296.75 --> - 4 «« paper »»
<+futurible>  Exited 3/4 ER2 Long @ 747.50 --> + 1 «« paper »»
<@NihabaAshi>  Long ER2 @ 747.50 -> large size 14:55
<+futurible>  Exited 1/2 ER2 Long @ 748.00 --> + 1.5 «« paper »»
ERROR
Exited Remainder ER2 Long @ 748.00 --> + 1.5 «« paper »» 14:56
<+bazooka85>  Exited all ES Long @ 1296.25 --> + 1296.25 - «« paper »» 14:58
<+Spartan>  Long ES @ 1296 «« paper »»
<+bazooka85> break even
<+Spartan>  Exited 1/2 ES Long @ 1298 --> + 2 «« paper »» 15:02
<@NihabaAshi>  Exited 2/3 ER2 Long @ 750.00 --> + 2.5
<+silo>  Exited all ER2 Long @ 750 --> + 2.8
<@NihabaAshi> That's a draft dodging trade :)
<+silo> haha we got out at the same place
:)
nice niha
<+rickf> :)
<+bazooka85>  Shorts ES @ 1297.50 «« paper »»
taking quick profit15:03
<+silo> after all, we were in a downtrend still15:04
<+bazooka85>  Covered all ES Short @ 1296.75 --> + 0.75 «« paper »»
up for the day--for once :D15:05
<+Spartan> stop set @ 1294 on other half, brb
<+bazooka85>  Long ES @ 1296.75 «« paper »» 15:08
damn!15:11
should have seen volume divergence earlier on that bullish pop
<+silo> volume divergence?15:12
<+Spartan> back15:13
<+bazooka85> decreasing volume on bearish trend
<@NihabaAshi> whatever it was...it was nickle and diming me like crazy on those small contracts :(15:14
<+silo> ahhaa15:15
<+Spartan>  Long ES @ 1296.75 -> Add «« paper »» 15:18
<@NihabaAshi> volatility contracting...more like "dying".15:22

:)
<+bazooka85> get ready for bull rally!
Exited all ES Long @ 1297.50 --> + 0.75 «« paper »» 15:24
scared
<+silo>  Long ER2 @ 751 15:25

intuition
<@NihabaAshi>  Exited ER2 Long @ 751.30 --> + 3.8 15:26
<+silo> niha you went in without telling me !!! :D15:27
<@NihabaAshi> I told you...you were not paying attention :)
Indirectly I told you without your name stamped on it.
<+silo> hehe
<+Spartan>  Exited 1/2 ES Long @ 1298 --> + 1.25 «« paper »»
<+silo>  Exited all ER2 Long @ 752 --> + 1 15:29
<+bazooka85>  Shorts ES @ 1298.00 «« paper »»
<+silo> oh so yo never exited that long trade we went in on entirely

only exited 2/3? :)15:30
<+bazooka85> found out my main problem
QUIT TRADING SO MUCH!!!15:31
<+rickf> hard lesson to learn :)

but then i realized cash is a position, too
<+Spartan>  Long ES @ 1298 -> Add «« paper »» 15:32
<+rickf> onyl 1.3M ES contracts moved today so far15:33
* +rickf thought it felt a bit anemic
<+bazooka85> feels so great when you initial open position is far away and you have to scroll to find it :)15:34

Covered all ES Short @ 1297.75 --> + 0.25 «« paper »» 15:35

scared
<+rickf> ok guys i'm heading out for the weekend15:39
<+bazooka85>  Shorts ES @ 1298.75 «« paper »»
<+rickf> see ya on monday
<+silo>  Long ER2 @ 752.80 15:40

intuition

tight stop
<@NihabaAshi> be careful...I got nickle and dimed on a bunch of intuition trade until I got a trade within my trading plan (reason why I upped my position size on the Long).15:42
<+bazooka85> tight stop on the short ;)
<@NihabaAshi> Price action starting to look like it was awhile ago on the decline
<+silo> risk y trade15:43
<+bazooka85> 1298.00 strong range15:44
<+Spartan> 1298 is the open for 8/1515:45
<+silo>  Exited all ER2 Long @ 752.30 --> - 0.5
greedy little trade haha
:D
<+bazooka85>  Covered all ES Short @ 1297.75 --> + 1 «« paper »» 15:46
<+silo>  Shorts ER2 @ 751.
Covered all ER2 Short @ gaewgw --> + 751. - gaewgw
Shorts ER2 @ 751.40
there we go
<+bazooka85>  Long ES @ 1298.00 «« paper »»
<+Spartan>  Long ES @ 1298 -> Add «« paper »» 15:47
<+bazooka85> yay

Long ES @ 1297.50 -> Add «« paper »»

1297.75 avg*15:48
<+silo> mwahaha :D
jk
<+bazooka85> going to get out at a loss

next up

nm

ok out15:49

Exited all ES Long @ 1298.00 --> + 0.5 «« paper »»

+.25*
<+silo> oh i spoke too soon15:51
the battle between baz andi are still not over :D
<+bazooka85>  Long ES @ 1297.50 «« paper »»
<+szubaark>  Covered all Short ES at 1297.75 --> - 1.25 «« paper »» 15:52
* szubaark is now known as szubaark_away
<@NihabaAshi>  Long ER2 @ 751.80 -> small size
1 only and last trade of the day
<+bazooka85> same here!15:53
<@NihabaAshi>  Exited ER2 Long @ 752.40 --> + 0.6 15:56
<+bazooka85>  Exited all ES Long @ 1298.25 --> + 0.75 «« paper »» 15:58
<+silo>  Covered all ER2 Short @ 753 --> - 1.6 15:59
done for the day
<+bazooka85> HOLY Sh!T!!!16:00

look at all the volume
<+Spartan> rush hour
<+bazooka85> i didnt see that last friday
<+Spartan>  Exited 3/4 ES Long @ 1299 --> + 1 «« paper »» 16:01
Exited Remainder ES Long @ 1299.50 --> + 3.5 «« paper »» 16:06
Have a good weekend everyone!
* Spartan is now known as Spartan_Away
<+Brutus> cya16:08
* sep34 is now known as spe34_away16:17
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16:28
<@NihabaAshi> Take care all and have a good weekend.16:34

I'll get all the Logs updated late tonight.
  
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