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#FuturesTrades August 19th Tuesday 2008 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+8.00	+196.90	+2239.50
$800	$19,690	$223,950

Gold Index XAU

1030am - 1045am 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.

<@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

Session Start: Tue Aug 19 01:10:43 2008Session Ident: #futurestrades

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

<werner> gm all 08:27

* silo is now known as silo[2 08:31

* silo[2 is now known as silo2

* silo2 is now known as silo[2|3] 08:32

<kantor> god morning all 08:41

<+kantor> good

<+tzar> gm NihabaAshi 09:03

Long ES @ 1270.75 -> Add 09:04

<@NihabaAshi> Good morning all

<Nesi> gm

<KN-SR> Exited 3/4 ES Long @ 1270.50 --> + 1.5 09:05

<+KN-SR> s.l 67.50 09:06

Exited 1/4 ES Long @ 1271 --> + 2 09:07

h7

<Alturus> KN you think ES will bounce to the upside today? 09:11

<+KN-SR> i m counting on it 09:15

we need to cross 73.25 to have a short term uptrend 09:16

79.75 should be the next high

major high

on the down side we have major res arrount 63.25 09:17

<+tzar> Exited ES Long @ 1271.00 --> + 1.5

h6 09:18

<+KN-SR> nice

<+tzar> thanks

tried to get 71.50 before like you did

but was slow on the mouse

<pat255> gm all 09:19

<+tzar> we should have an attempt to close the gap, right?

gm pat255

<+KN-SR> u never know.......if everone knows it, its not a secret any more...............dont relly count on someting everyone knows 09:20

<+Alturus> thnx for the info KN.

<+KN-SR> really

<+tzar> hmm

that clever

<+KN-SR> uw Alturus

<+tzar> looks like 71 area is major volume level 09:21

Exited 3/4 ES Long @ 1271.50 --> + 1.75 09:24

h2

<JimL> GM KN, what's primary chart interval that u watch besides the matrix? 09:26

<+KN-SR> none 09:27

1 min to exit

Exited 1/4 ES Long @ 1271.50 --> + 2.5

h6

<+tzar> ok, 930am... blast off!!

time for gap players to buy 09:28

<drt> gm guys 09:30

<+KN-SR> Exited 1/4 ES Long @ 1272 --> + 3

h5

<+tzar> gap players got owned 09:31

<+pat255> kn can u post your matrix pic sometime & how u use it ...if possible ..thks 09:32

<+KN-SR> add 1270.50

<+silo> Shorts ER2 @ 737.1

<+KN-SR> Exited 3/4 ES Long @ 1272.50 --> + 3.5 09:34

h 7 + 6

<@NihabaAshi> Shorts ER2 @ 737.40 -> large size

<+KN-SR> add 1271 09:35

<@NihabaAshi> moved too fast

<+KN-SR> Exited 3/4 ES Long @ 1273.00 --> + 4 09:36

<@NihabaAshi> Covered ER2 Short @ 738.40 --> - 1

<+KN-SR> h 5 + 7 + 6

<+silo> Covered all ER2 Short @ 738.6 --> - 1.5

<+KN-SR> Exited 1/3 ES Long @ 1273.50 --> + 4.5

h 7 + 6

<+tzar> nooo

could not add in time

* sep34_away is now known as sep34 09:38

<@NihabaAshi> Shorts ER2 @ 738.80 -> large size 09:40

<+silo> Shorts ER2 @ 737.20

<anglo> kewl trade KN

<+KN-SR> thanks 09:41

trading and soccer .........not bad

<+Alturus> =]

<+KN-SR> watching brazil argentina semi final

<szubaark> :p 09:42

<@NihabaAshi> Covered ER2 Short @ 735.40 --> + 3.4 09:44

<+KN-SR> well no matter how the trade goes i wont loose.......nice way of trading and gaming :)

cool

<+szubaark> Buys ES @ 1271.50 «« paper »»

<+KN-SR> add 1271

Exited 3/4 ES Long @ 1272 --> + 3

h 6+ 6+ 7

<+szubaark> exit stop moved to breakeven ES @ 1271.50 «« paper »» 09:45

<+KN-SR> Exited 1/3 ES Long @ 1273.50 --> + 4.5

h 7+ 6

<+szubaark> Exited all Long ES at 1271.50 --> 0 «« paper »» 09:46

Shorts ES @ 1270.75 «« paper »» 09:47

<+KN-SR> Exited ES Long @ 1270.50 --> + 1.5

Reverse and Enter Short ES @ 1270.50

Covered 3/4 ES Short @ 1269.50 --> + 1 09:48

<@NihabaAshi> Covered ER2 Short @ 734.70 --> + 4.1

Holding 1 contract remainder

<+silo> Covered all ER2 Short @ 734.5 --> + 2.7

<+KN-SR> half time........finally i can breath

<+szubaark> Covered all Short ES at 1268.75 --> + 2 «« paper »» 09:49

<+KN-SR> Covered 1/4 ES Short @ 1268.50 --> + 2

h11

<+silo> niha... how come when you're exiting part of your order it's not like cover 1/2 cover 1/3 09:50

<+KN-SR> Covered 1/4 ES Short @ 1267.50 --> + 3

h 9

<+silo> Long ER2 @ 733.90 09:52

Exited all ER2 Long @ 733.9 --> 0 09:54

Long ER2 @ 733.9

bcak in

<+KN-SR> bbl......soccer first :) 09:56

<+silo> argentina vs brazil?

:D

<kosmipt> long es 1270,50 paper 09:58

<+silo> Exited all ER2 Long @ 733.7 --> - 0.2

<+szubaark> Shorts ES @ 1269.50 «« paper »»

<+kosmipt> out all es @ 1268.50 -2.50 paper 10:00

<+szubaark> Volatility contracting, expecting spike soon, hopefully to downside,im Short 10:06

exit stop set ES @ 1270.50 «« paper »» 10:08

<@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

<+szubaark> exit stop moved to breakeven ES @ 1269.50 «« paper »» 10:11

Covered all Short ES at 1268.25 --> + 1.25 «« paper »» 10:15

Volatility is Dead again

<@NihabaAshi> I didn't have plans on having a remainder as a intraday position trade until now... 10:16

Thus, I'm going to leave this remainder along to see what happens.

exit stop lowered ER2 @ 738.00 10:17

I also have time to post my trailing stop

<@NihabaAshi> exit stop set ER2 @ 737.80

<+KN-SR> Covered 1/4 ES Short @ 1266.50 --> + 4

<+KN-SR> h8

<+KN-SR> brb

<+KN-SR> Covered 1/4 ES Short @ 1266 --> + 4.5

<+KN-SR> h7

<+KN-SR> brb

<@NihabaAshi>
http://thestrategylab.com/forum/index.ph p?board=58.0 10:33

I do not like repeating myself for the same type of question from different traders.

Thus, I created a nice message at the above link for anyone that wants to know the details about my trades without me having to repeat them again and again here in #FuturesTrades because it`s a big distraction from my trading to do so. 10:34

<+bazooka85> did you turn out profitable yesterday nihaba?

<@NihabaAshi> bazooka...yeah...only $640 I think

<+bazooka85> Long ES @ 1269.25 «« paper »»

<+bazooka85> Exited ES Long @ Thus, don't ask me how --> + Thus, don't ask me how - 1269.25 «« paper »»

Reverse and Enter Short ES @ Thus, don't ask me how «« paper »»

oops

Exited ES Long @ 1268.00 --> + 1268.00 - Thus, don't ask me how «« paper »»

Reverse and Enter Short ES @ 1268.00 «« paper »»

<+szubaark> Shorts ES @ 1266.25 «« paper »» 10:51

<+bazooka85> -1.25* first trade 10:52

keeping this short

Covered all ES Short @ 1266.00 --> + 2 «« paper »» 10:54

<+szubaark> nice

<+bazooka85> Long ES @ 1267.00 «« paper »»

tight stop

ok nm, i just did what i said i would not do yesterday, i will try to pull out of it 10:55

<+Splurge> market sending me to sleep 11:02

<+bazooka85> Exited ES Long @ 1266.75 --> - 0.25 «« paper »» 11:03

Reverse and Enter Short ES @ 1266.75 «« paper »»

exited a fraction of a second off and went down a tick

<+szubaark> Weak Support area 11:08

Covered all Short ES at 1266.75 --> - 0.5 «« paper »» 11:12

<+bazooka85> tightening stops

Covered all ES Short @ 1267.75 --> - 1 «« paper »» 11:13

<+szubaark> Shorts ES @ 1266.25 «« paper »» 11:17

<+bazooka85> Long ES @ 1266.50 «« paper »»

ugh

hate when this happens szu

<+szubaark> what?

<+bazooka85> Exited ES Long @ 1265.50 --> - 1 «« paper »» 11:19

Reverse and Enter Short ES @ 1265.50 «« paper »»

<+szubaark> again back to this Weak Support area

<+bazooka85> fell through 11:20

real .01 charts not .25 ticks

<+KN-SR> Covered 1/4 ES Short @ 1265.00 --> + 5.5

<+szubaark> Nice KN

<+KN-SR> h6

thanks

<+bazooka85> Shorts ES @ 1265.75 -> Add «« paper »» 11:23

Covered ES Short @ 1267.00 --> - 1.5 «« paper »» 11:25

Reverse and Enter Long ES @ 1267.00 «« paper »»

-1.00ish* 11:26

<+szubaark> Covered all Short ES at 1267 --> - 0.75 «« paper »»

Buys ES @ 1267 «« paper »»

starting to look like this thing is way Oversold 11:28

<+KN-SR> need to break 68.25 first 11:32

to go to a uptrend

<+szubaark> looks like its trying

Shorts must be getting little nervous by this price Action 11:33

<+pat255> kn u wud only consider L above that #? 11:34

<+KN-SR> yes

<+pat255> k 11:35

<+KN-SR> it will have to break it

and then will have to survive the pull back

<+pat255> k thks

<+KN-SR> uw

<+szubaark> Exited all Long ES at 1266.25 --> - 0.75 «« paper »» 11:36

Shorts ES @ 1266.25 «« paper »»

<palmer> KN think we go lower today

<+bazooka85> Exited ES Long @ 1265.75 --> - 1.25 «« paper »»

Reverse and Enter Short ES @ 1265.75 «« paper »»

<+KN-SR> we are already down.....today 11:38

<+palmer> yep but where is downside target 11:39

in your opinion

<+szubaark> exit stop moved to breakeven ES @ 1266.25 «« paper »»

<+KN-SR> cannt wait to get out of this trade.....too tired.....need some sleep

bab bad match..........idot referee ruined the match

<+bazooka85> ugh, i have to check if it is volatile enough for me next time i start trading

if it is not i have to do longer term. . . 11:40

<+KN-SR> suppose to be a match of the yr

63.25 as i told in the morning

<+szubaark> Covered all Short ES at 1266.25 --> 0 «« paper »»

not going anywhere 11:41

<+palmer> sorry i missed that KN- thanks

<+KN-SR> np

<+bazooka85> Shorts ES @ 1266.25 -> Add «« paper »» 11:42

<+KN-SR> we should be in 79.25 - 57.75 if we go extreme

other than that 75.25 - 63.25 range

<+szubaark> Buys ES @ 1265.25 «« paper »» 11:48

exit stop moved to breakeven ES @ 1265.25 «« paper »» 11:50

<@NihabaAshi> [10:17] <@NihabaAshi> I also have time to post my trailing stop 11:51

[10:17] <+silo> hey niha

[10:17] <@NihabaAshi> exit stop set ER2 @ 737.80

I'm lowering that trailing stop...easy to discuss it because it's a position trade and not one of my fast day trades. 11:52

exit stop lowered ER2 @ 735.10

That's a resistance area I'm watching.

<+szubaark> Exited all Long ES at 1265.25 --> 0 «« paper »» 11:53

<@NihabaAshi> Don't worry...i won't get mad if you don't post your stops :)

<+bazooka85> whenever i get stopped out a trade, i die a little 11:54

<+szubaark> Shorts ES @ 1264.75 «« paper »»

<@NihabaAshi> It's just money...seriously 11:55

<+bazooka85> lol

<@NihabaAshi> Trade only a small size of your capital...keep your losses small whatever that may be too you...

<+bazooka85> even paper i die a little 11:56

<@NihabaAshi> You'll have time to adapt and learn.

If I take a -2 point hit on ER2...

I know I've done something wrong and that sucks the air out of me. 11:57

However, I know I can recover from consecutive small losses...

<+bazooka85> exactly

<@NihabaAshi> No biggie to me because win:loss ratios is not part of my trading plan.

<+szubaark> good point Niha 11:58

<@NihabaAshi> 18% of my profitable trading days are when I have more losers than winners.

<+KN-SR> Covered 1/4 ES Short @ 1263.50 --> + 7 11:59

h5

should ee nq 12:00

something going on there

<@NihabaAshi> Covered Remainder ER2 Short @ 728.90 --> + 9.9

<+KN-SR> nice trade

<+szubaark> yeah,nice trade Niha

<+tzar> wow NihabaAshi 12:01

congrats

<+bazooka85> jesus

<@NihabaAshi> too bad it was only 1 contract but that's the usual scale out of my trades as most in here know.

<+bazooka85> Covered all ES Short @ 1264.75 --> + 2.5 «« paper »»

<+Alturus> KN ee nq? what does ee stand for? 12:02

<+szubaark> i just want 1262.. this is slow, creeping downtrend,getitng tired of watching this 12:05

<Baxwill> my gyess, ee=be

<+Baxwill> and gyess=guess

<+KN-SR> <Andy> (9250 contracts in NQ...that is a goodly amount) 12:08

we should stay here for a while.......63.25 area reached.......now its interesting to see how it reacts 12:09

<+szubaark> KN what u think about 1262 area? 12:10

<+KN-SR> only NQ has seen some large volume 12:11

so far 12:12

we will break it but will take some time

thats my best guess at this moment

and again i dont have my ts open

<+tzar> break 63?

<+KN-SR> i m just looking at mbtrading market depth

yes

<+tzar> thats not good

bad for economy 12:13

even worse for my long

<+KN-SR> well we will see 1100+ area sometime this yr

<+szubaark> where u long from?

<@NihabaAshi> Gold kicking butt today

<+tzar> 65.50 szu 12:14

<+szubaark> yup, all markets in sync now trending, either up or down

<+tzar> ive taken partian profits though

<@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> well. if if goes 67+ area i will think about going long

<+tzar> push it up KN

buy 780k contracts

<+KN-SR> but again, i m too tired today. going streight to bed after i m out of this trade

<+szubaark> im getitng tired watching this downcreep 12:15

<+KN-SR> get use to :)

long way to go

<+tzar> we hit lunch time

<+KN-SR> i will try a run up after lunch and then a crash.......i think

<+szubaark> just want one more low to get out and take lunch, hopefully wont take forever 12:16

<+KN-SR> if if crosses 67, we may have to wait as late as tomorrow

<bazooka85> oil just gapped up

<+KN-SR> i just took out 50 pips in eur/usd 12:17

:)

4th trade in last 5 yr

<@NihabaAshi> Long ER2 @ 729.10 -> small size

1 only

<silo> Long ER2 @ 729.40 12:18

<@NihabaAshi> Will keep that size if/when volatility begins rising consistently

Exited ER2 Long @ 730.50 --> + 1.4 12:20

<+szubaark> Covered all Short ES at 1266.75 --> - 2 «« paper »»

:((

Buys ES @ 1266.50 «« paper »»

* Looking up silo user info...

<+KN-SR> 1266.50 add 12:21

<+bazooka85> Covered all ES Short @ 1266.25 --> - 0.5 «« paper »»

it was a long*

<+KN-SR> brb

* Looking up Alturus user info...

up anglo user info...

<+bazooka85> ugh, my quotes are getting delayed

<+szubaark> that loss puts me breakeven for day :(

* Looking up Baxwill user info...

<+bazooka85> i cant trade like this for now

ok they arent delayed anymore 12:22

Shorts ES @ 1266.25 «« paper »»

<+KN-SR> Covered Remainder ES Short @ 1266.50 --> + 4 12:23

i m done

<@NihabaAshi> :)

<+KN-SR> good trading to all.........see u all nxt time.........

<@NihabaAshi> Good way to finish

<+KN-SR> :)

thanks

<+tzar> bye

gj

<+KN-SR> :)

<+tzar> send me my % by paypal 12:24

<+szubaark> enjoy the profits :))

<+KN-SR> :)

<silo> Exited all ER2 Long @ 731.1 --> + 1.7 12:25

<@NihabaAshi> weak resistance area ER2 12:26

<+bazooka85> ok going to trade ER

but need er charts bad!

* Looking up silo user info... 12:27

<+silo> Shorts ER2 @ 730.1

<+bazooka85> Covered all ES Short @ 1266.50 --> - 0.25 «« paper »» 12:28

too scared

busy

<@NihabaAshi> Haven't watched any Olympic competition today...less distractions and less trades. 12:29

:)

* Looking up Trader user info...

<+bazooka85> ER2 time baby, now i can be like you nihaba 12:35

Long ER2 @ 730.4 «« paper »»

<@NihabaAshi> I'm slowly becoming bullish again :) 12:36

Long ER2 @ 731.00 -> small size

<+silo> Covered all ER2 Short @ 731.10 --> - 1

<+bazooka85> Exited ER2 Long @ 731.1 --> + 0.7 «« paper »»

Reverse and Enter Short ER2 @ 731.1 «« paper »»

<+szubaark> Exited all Long ES at 1268.50 --> + 2 «« paper »» 12:38

<+bazooka85> Shorts ER2 @ 731.9 -> Add «« paper »»

731.5 avg*

<+szubaark> taking a break

* szubaark is now known as szubaark_away

<@NihabaAshi> Exited ER2 Long @ 731.30 --> + 0.3 12:40

<+bazooka85> Covered all ER2 Short @ 731.2 --> + 0.6 «« paper »»

+.3 each ct*

<@NihabaAshi> Didn't see the resistance area of 732.00 until it was too late when ER2 retraced to 731.40 12:41

<+bazooka85> Long ER2 @ 730.0 «« paper »» 12:44

* Timer 1 activated 12:48

1 halted

* silo was kicked by NihabaAshi (Testing BAN by Duration instead of Forever)

<+bazooka85> Exited all ER2 Long @ 730.7 --> + 0.7 «« paper »» 12:51

ER much more volatile!

<@NihabaAshi> Long ER2 @ 730.50 -> small size 12:52

<+bazooka85> Long ER2 @ 730.8 «« paper »» 12:53

Exited all ER2 Long @ 730.0 --> - 0.8 «« paper »» 12:59

<@NihabaAshi> Lunch calls while this contraction in the volatility has tested my patience. 13:00

<+bazooka85> Long ER2 @ 730.5 «« paper »»

<@NihabaAshi> paint still drying 13:03

<+palmer> nah

<@NihabaAshi> Exited ER2 Long @ 729.50 --> - 1 13:05

Reverse and Enter Short ER2 @ 729.50

<+bazooka85> Exited all ER2 Long @ 729.6 --> - 0.9 «« paper »»

Shorts ER2 @ 730.0 «« paper »» 13:07

Covered ER2 Short @ 730.7 --> - 0.7 «« paper »» 13:09

Reverse and Enter Long ER2 @ 730.7 «« paper »»

<@NihabaAshi> Covered ER2 Short @ 730.50 --> - 1

<+bazooka85> i'm done, last trade

need to eat breakfast

1 pm

<@NihabaAshi> Long ER2 @ 731.10 -> small size 13:11

Back at that upper range :( 13:12

<+szubaark_away> Buys ES @ 1269.50 «« paper »»

* szubaark_away is now known as szubaark

<+szubaark> Exited all Long ES at 1269.50 --> 0 «« paper »» 13:16

<@NihabaAshi> Exited ER2 Long @ 731.20 --> + 0.1 13:17

slow bleed...going to lunch and maybe volatility will have improved when I return. 13:18

<+szubaark> Buys ES @ 1268.75 «« paper »» 13:20

* NihabaAshi is now known as NihabaAshi_lunch 13:22

<+szubaark> exit stop moved to breakeven ES @ 1268.75 «« paper »» 13:23

Exited all Long ES at 1268.75 --> 0 «« paper »» 13:25

Shorts ES @ 1268.50 «« paper »»

Covered all Short ES at 1270.25 --> - 1.75 «« paper »» 13:30

Buys ES @ 1270.25 «« paper »»

<bazooka85> Exited all ER2 Long @ 732.3 --> + 1.6 «« paper »» 13:31

<+bazooka85> Shorts ER2 @ 732.9 «« paper »» 13:32

<Andy> Shorts ES @ 1270.75

<+bazooka85> Covered all ER2 Short @ 732.4 --> + 0.5 «« paper »»

Shorts ER2 @ 732.6 «« paper »» 13:33

<+Andy> Covered 3/4 ES Short @ 1269.75 --> + 1

<+bazooka85> looking for even smaller profit

Covered all ER2 Short @ 732.4 --> + 0.2 «« paper »» 13:34

<+szubaark> Exited all Long ES at 1269 --> - 1.25 «« paper »» 13:36

Shorts ES @ 1269 «« paper »»

<+bazooka85> Long ER2 @ 732.2 «« paper »»

Exited ER2 Long @ 732.4 --> + 0.2 «« paper »» 13:38

Reverse and Enter Short ER2 @ 732.4 «« paper »»

uptrend not strong enough IMO 13:39

<+szubaark> this thing is barely moving 13:40

<+bazooka85> Shorts ER2 @ 733.0 -> Add «« paper »»

732.7 avg

<+szubaark> Covered all Short ES at 1271 --> - 2 «« paper »» 13:42

Buys ES @ 1271 «« paper »»

Tricky

<+bazooka85> at resistance*

<+szubaark> gooooo

<+Andy> Covered Remainder ES Short @ 1271 --> - 0.25

<+szubaark> Exited all Long ES at 1270 --> - 1 «« paper »» 13:44

Shorts ES @ 1270 «« paper »»

<+bazooka85> Covered all ER2 Short @ 732.3 --> + 0.8 «« paper »» 13:46

+.4* each ct

Long ER2 @ 732.3 «« paper »»

Exited all ER2 Long @ 732.5 --> + 0.2 «« paper »» 13:48

getting ready to short 13:49

Shorts ER2 @ 732.8 «« paper »»

<+szubaark> Covered all Short ES at 1270.25 --> - 0.25 «« paper »» 13:50

Buys ES @ 1270.25 «« paper »»

2pm, hopefully this action improves, this is way too slow 13:52

Exited all Long ES at 1269 --> - 1.25 «« paper »»

Shorts ES @ 1269 «« paper »»

<+bazooka85> Covered all ER2 Short @ 731.9 --> + 0.9 «« paper »»

<+szubaark> TANK!!!

<+bazooka85> Long ER2 @ 731.9 «« paper »» 13:56

Exited all ER2 Long @ 731.3 --> - 0.6 «« paper »»

* NihabaAshi_lunch is now known as NihabaAshi 13:57

<@NihabaAshi> volatility rising 13:58

Shorts ER2 @ 730.40 -> small size

2 only

<+szubaark> hopefully Volatility picks up for rest of session, so far its been terrible 14:00

<@NihabaAshi> Covered ER2 Short @ 731.20 --> - 0.8 14:01

<+bazooka85> Long ER2 @ 731.3 «« paper »» 14:04

Exited all ER2 Long @ 731.8 --> + 0.5 «« paper »»

got lucky

<@NihabaAshi> Long ER2 @ 731.90 -> small size 14:08

2 only

volatility still rising

<+szubaark> Covered all Short ES at 1267.75 --> + 1.25 «« paper »»

<+bazooka85> Shorts ER2 @ 732.0 «« paper »» 14:09

intuition

<+szubaark> Shorts ES @ 1267.75 «« paper »» 14:13

<@NihabaAshi> volatility slowly contracting :( 14:17

Exited ER2 Long @ 731.10 --> - 0.8 14:18

<+szubaark> Volatility spike

<+bazooka85> Covered all ER2 Short @ 731.1 --> + 0.9 «« paper »»

was 1 tick away from my stop before the down spike!

<@NihabaAshi> Don't worry...soon it's going to make a big price move...you'll get that extra tick the next time around :) 14:19

<@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 www.thestrategylab.com/FuturesTradesChat Room.htm 14:20

<bazooka85> Shorts ER2 @ 731.4 «« paper »» 14:22

<+bazooka85> misclicked short

:(

Covered all ER2 Short @ 730.9 --> + 0.5 «« paper »»

but got out with profit anyways ?

<+Andy> question: 14:28

I know openecry has a great demo platform for futures 14:29

does anyone know of an equivalent platform for stocks and/or options?

<@NihabaAshi> Shorts ER2 @ 729.00 -> medium size 14:30

<+bazooka85> Long ER2 @ 728.8 «« paper »»

<@NihabaAshi> 4 only

one contract too many on this

<+bazooka85> Exited all ER2 Long @ 729.3 --> + 0.5 «« paper »»

Shorts ER2 @ 729.6 «« paper »» 14:31

Covered all ER2 Short @ 729.3 --> + 0.3 «« paper »» 14:33

darn it

<@NihabaAshi> volatiilty contraction bleed me yesterday...it's doing it again today. 14:35

Worst, it contracts upon entry.

<+szubaark> Covered all Short ES at 1266 --> + 1.75 «« paper »» 14:36

<@NihabaAshi> Covered ER2 Short @ 729.80 --> - 0.8

That didn't last long :(

At least it's near its intraday lows...

This contraction won't last long like that. 14:37

<@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

<+szubaark> Shorts ES @ 1264.75 «« paper »»

<+pat255> broke the 1st hour low 14:39

<+bazooka85> Long ER2 @ 729.0 «« paper »» 14:40

Long ER2 @ 728.5 -> Add «« paper »» 14:41

728.8 avg*

looks like a slow hard recovery 14:44

from this level

<+szubaark> Covered all Short ES at 1264.75 --> 0 «« paper »» 14:45

Buys ES @ 1265 «« paper »»

<+bazooka85> Exited all ER2 Long @ 729.0 --> + 0.5 «« paper »»

.2* each ct

Shorts ER2 @ 729.3 «« paper »» 14:46

<@NihabaAshi> Shorts ER2 @ 729.40 -> medium size 14:47

4 only

<+bazooka85> Covered all ER2 Short @ 729.2 --> + 0.1 «« paper »» 14:48

ugh

Shorts ER2 @ 729.4 «« paper »» 14:50

<+szubaark> Exited all Long ES at 1266.25 --> + 1.25 «« paper »»

<futurible> Long ER2 @ 729.80 «« paper »»

<+bazooka85> Covered all ER2 Short @ 729.8 --> - 0.4 «« paper »»

Long ER2 @ 729.8 «« paper »» 14:52

Exited all ER2 Long @ 730.4 --> + 0.6 «« paper »»

<@NihabaAshi> Covered ER2 Short @ 730.40 --> - 1

<+futurible> Exited 1/2 ER2 Long @ 730.90 --> + 1.1 «« paper »» 14:53

<+bazooka85> Shorts ER2 @ 730.4 «« paper »» 14:54

<+futurible> Exited Remainder ER2 Long @ 729.90 --> + 0.1 «« paper »»

<+bazooka85> Covered 1/3 ER2 Short @ 730.0 --> + 0.4 «« paper »»

waiting for a good bullish entry 14:57

<+szubaark> Buys ES @ 1266.75 «« paper »» 14:58

<+bazooka85> Long ER2 @ 728.7 «« paper »» 15:00

Long ER2 @ 728.2 -> Add «« paper »» 15:01

728.4 avg*

<+szubaark> Exited all Long ES at 1263.75 --> - 3 «« paper »» 15:02

Shorts ES @ 1263.75 «« paper »»

should tank hard now

<+bazooka85> OUCH

<+szubaark> although its difficult to get good entry 15:03

<+bazooka85> going to keep my long 15:05

hit a point where i would usually enter long

<+szubaark> uh huh 15:07

<+bazooka85> Exited all ER2 Long @ 727.6 --> - 1.7 «« paper »»

<+szubaark> go Long get whacked, go Short get whacked 15:08

<+bazooka85> -1.8 per ct avg*

dont trade, dont get whacked ;)

<+szubaark> need the money :)

<+bazooka85> Long ER2 @ 726.9 «« paper »» 15:09

Exited ER2 Long @ 726.9 --> 0 «« paper »» 15:10

Reverse and Enter Short ER2 @ 726.9 «« paper »»

<pdays> Long ER2 @ 726.9 «« paper »» 15:12

<+bazooka85> Covered all ER2 Short @ 727.5 --> - 0.6 «« paper »» 15:13

missed my short 15:16

im done for the day

<+szubaark> Covered all Short ES at 1267.25 --> - 3.5 «« paper »» 15:24

bastids

Buys ES @ 1267.25 «« paper »»

here comes the POP

<@NihabaAshi> almost 3:30pm est 15:25

skittish :) 15:27

<+szubaark> if we pop some more to upside, could be good short squeeze, i need the frikin points now after so many stop outs

<@NihabaAshi> That's a lot of scalping

Shorts ER2 @ 728.60 -> large size 15:29

<+pdays> Exited all ER2 Long @ 728.6 --> + 1.7 «« paper »»

<@NihabaAshi> Drop 1k this afternoon from 2,100 down to 1,100 bucks 15:35

:(

Still above my 1k profit goal for the day 15:36

<+pat255> + is good ..

<@NihabaAshi> If the remaining trading period volatility contracts...

I'm be very neutral tomorrow...will mainly do 1 - 3 contracts only 15:37

still skittish

<+szubaark> Im down plus commissions :(( 15:38

<@NihabaAshi> That bullish 3:30pm est crown starting to show up :( 15:39

<+szubaark> better move soon cus we running out of time

<@NihabaAshi> Covered ER2 Short @ 728.00 --> + 0.6 15:40

shook me out...got too skittish

That was a one shot deal to do that size around this time...will not get another opportunity like that this late in the trading day. 15:41

* Splurge is now known as Splurge_away 15:43

<@NihabaAshi> Shorts ER2 @ 727.00 -> small size

3 only

<+szubaark> nasty whipsaw 15:44

<@NihabaAshi> Covered ER2 Short @ 727.80 --> - 0.8

<+szubaark> now we Rocket to upside 15:45

<@NihabaAshi> Long ER2 @ 728.60 -> small size 15:46

same

szu...it has a good chance for a possible counter-thrust upwards...

Hopefully I can stay in with out getting shaken out around -0.8 15:47

Exited ER2 Long @ 728.30 --> - 0.3 15:48

Shorts ER2 @ 728.10 -> small size

volatility drying up...contraction in place. 15:50

Looks like a small size only for me tomorrow because they no breakout (above or below) this last hour range

Range this afternoon also in Gold and Oil 15:52

<+szubaark> this second creeper trend day in a row, hopefully this crap stops tomorrow and we get a Range day 15:53

<@NihabaAshi> should continue tomorrow unless a surprise economic report SHAKES things up 15:54

<+szubaark> i need to adjust to this acttion and not make so many trades as its useless in this chop 15:55

<+pat255> y szu .. 15:59

a tuff mkt ..keep short leash on it

<@NihabaAshi> Covered ER2 Short @ 729.20 --> - 1.1

gave that some extra breathing room...didn't pay off. 16:00

szu...if your intentions is to scalp...this is good price action. 16:01

If your intentions is not to scalp...frustrating price action.

<+szubaark> well, with this tight ranges, entries have to be Perfect, even if going with trend scalping

i was doing OK until i got caught in that intrday low whipsaw 16:02

<@NihabaAshi> Every trade I exited today regardless if it was a loss or profit...

<+szubaark> where i took some -3 Loses which put me down for day

<@NihabaAshi> Price action retraced back to the exit point.

Just did it again 16:03

<+szubaark> yup, so thats very hard to scalp when it just zig zags in small range 16:04

<@NihabaAshi> Only trade management goal I reached today was two...

Cut my trades in 1/2 in comparison to yesterday.

I did that.

Reduce my average contract size by 1.2 contracts in comparison to yesterday... 16:05

I did that.

<+pat255> gn all

* sep34 is now known as sep34_away

<@NihabaAshi> However, i dropped below my 1k profit goal...

Not good

Tomorrow...reduce another 1/2 in comparison to today with less size 16:06

Overall volatility still declining

<+szubaark> looks like we should get one more spike to upside 16:07

<@NihabaAshi> There's only a few minutes left...market 4pm est rush hour traffic spent itself on the scalping like skittish price action that was bouncing like crazy in 3 mins 16:08

<+szubaark> Exited all Long ES at 1267.75 --> + 0.5 «« paper »» 16:09

still down for day overall.. that intraday low whipsaw got me good :((

<@NihabaAshi> szu...all today was jsut CONTINUATION from yesterday. 16:14

Thus, if we missed out on yesterday...today was like fighting for scraps.

<werner> gn all 17:10

* NihabaAshi is now known as NihabaAshi_away 17:47

<@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
Session Close: Wed Aug 20 00:00:00 2008

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