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#FuturesTrades August 25th Monday 2008 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+13.10	+241.60	+2284.20
$1,310	$24,160	$228,420

mini-sized Dow YM

0930am - 0935am 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: Mon Aug 25 00:00:00 2008Session Ident: #futurestrades

* silo[zZ] is now known as silo 09:04

<@NihabaAshi_away> Good morning all...got back this morning...will be trading today. 09:10

<Alturus> GM

* Now talking in #futurestrades 09:25

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

<pat255> gm all 09:26

<+pat255> @office ..sigh :( 09:27

<futurible> gm all

<drt> gm everyone 09:29

<werner> gm drt.all 09:33

<ripsboy> gm all.. 09:34

<+Alturus> KN, what do you think of ES today?

Friday before you left the chat, you pointed out a HL, and bang you were right on. Thanks =) 09:35

<silo> Long ER2 @ 731.60 09:41

<+silo> test

intuition

<KN-SR> Long ES @ 1284.50 09:42

<+KN-SR> brb 09:43

Alturus........i m having problem with TS 09:44

i will get back to u

<+Alturus> np

<+KN-SR> Exited all ES Long @ 1283 --> - 1.5 09:45

<+silo> Exited all ER2 Long @ 729.90 --> - 1.7 «« paper »»

<+pat255> housing in 10 09:51

<@NihabaAshi> Shorts ER2 @ 728.60 -> small size 09:55

3 only

Covered ER2 Short @ 729.50 --> - 0.9 09:56

<+silo> intuition short? 09:57

<PapaJon> gm all 09:58

<@NihabaAshi> Shorts ER2 @ 729.80 -> small size 09:59

Covered ER2 Short @ 730.20 --> - 0.4 10:00

Reverse and Enter Long ER2 @ 730.20

Exited ER2 Long @ 729.50 --> - 0.7 10:01

<+KN-SR> We should finally start going up now... need to cross 1285.25 to be in a uptrend 10:03

<@NihabaAshi> volatility declining after that 2mins of increasing volatility 10:04

<Guest> Covered all ER2 Short @ 729 --> + 10.7 «« paper »»

<+KN-SR> and we may touch 1300 area today...in the afternoon

<+Guest> Long ER2 @ 729.7 «« paper »» 10:05

<+pat255> vn Ingo PTL

<+Alturus> thanks for your thoughts.

<+KN-SR> uw.... 10:06

<@NihabaAshi> Long ER2 @ 730.20 -> small size

<+KN-SR> bbl 10:09

<@NihabaAshi> Exited ER2 Long @ 730.60 --> + 0.4 10:11

<tzar> gm 10:17

<@NihabaAshi> Long ER2 @ 731.10 -> small size 10:18

3 only

Only thing going well today so far is that my patience is improving since the opening bell. 10:23

Exited ER2 Long @ 730.00 --> - 1.1 10:26

Long ER2 @ 729.90 -> small size 10:27

3 only 10:28

Exited ER2 Long @ 729.60 --> - 0.3 10:32

oh oh

<+werner> :(

brb 10:35

<@NihabaAshi> Shorts ER2 @ 729.20 -> large size 10:37

6 only (5+1)

<+Guest> Long ER2 @ 728.3 -> Add «« paper »» 10:39

<@NihabaAshi> Covered all ER2 Short @ 728.60 --> + 0.6 10:41

patience problem again :(

<+Guest> Long ER2 @ 727.3 -> Add «« paper »» 10:48

<@NihabaAshi> Shorts ER2 @ 727.30 -> small size

2 only

<+Guest> Long ER2 @ 726.3 -> Add «« paper »» 10:51

<@NihabaAshi> Covered all ER2 Short @ 723.80 --> + 3.5 10:53

<Bambam-77> pos trgt 723 gann for pos bounce protect

<+Guest> Long ER2 @ 724 -> Add «« paper »»

<@NihabaAshi> weak support area 10:57

Shorts ER2 @ 723.80 -> small size 11:04

3 only

<pdays> Long YM @ 11500 11:10

<@NihabaAshi> geeesh :( 11:12

Covered 2/3 ER2 Short @ 721.60 --> + 2.2 11:15

<+Guest> Long ER2 @ 721.3 -> Add «« paper »» 11:17

<@NihabaAshi> weird price action so far today

will keep my position size small for the remainder of the trading day 11:18

* sep34 is now known as sep34_away 11:24

<Flex> morning

<@NihabaAshi> Covered Remainder ER2 Short @ 722.50 --> + 1.3 11:26

<+pdays> Long YM @ 11492 -> Add

<+Flex> . 11:41

<@NihabaAshi> Long ER2 @ 723.00 -> small size 11:45

1 only

Exited ER2 Long @ 722.10 --> - 0.9 11:53

Shorts ER2 @ 722.00 -> small size

that's a position reversa 11:55

1 only still

* codehead_afk is now known as codehead

<@NihabaAshi> Covered ER2 Short @ 720.00 --> + 2 11:58

<+pdays> Exited all YM Long @ 11472 --> - 48 12:00

<silo> haha fast action

<@NihabaAshi> Shorts ER2 @ 718.80 -> small size 12:06

1 only

trade error 12:07

2nd error of the day...one more and I'm done trading for the day

<+silo> what was the error? 12:12

<@NihabaAshi> Covered ER2 Short @ 719.60 --> - 0.8

Reverse and Enter Long ER2 @ 719.60

<+silo> you meant to go long or something?

<@NihabaAshi> Exited ER2 Long @ 719.00 --> - 0.6 12:16

Shorts ER2 @ 718.00 -> small size

2 only 12:17

Covered ER2 Short @ 719.00 --> - 1 12:19

Shorts ER2 @ 718.10 -> small size 12:33

3 only

Covered ER2 Short @ 718.90 --> - 0.8 12:37

<KN-SR> Long ES @ 1267.50 12:39

<+KN-SR> s.l 65.25 12:40

bbl

Exited 3/4 ES Long @ 1268.50 --> + 1 12:42

h9

bbl

<@NihabaAshi> Shorts ER2 @ 719.10 -> small size 12:45

2 only 12:46

Covered ER2 Short @ 717.80 --> + 1.3 12:50

Long ER2 @ 718.00 -> small size

2 only

<+KN-SR> Long ES @ 1266.00 12:53

add

<+silo> volatility index almost hits the top of the down trendline 12:55

could start going down again

which means a possible long could be forming off the bottom

COULD

<@NihabaAshi> tight trails for the remainder of the trading day...I no longer trust today's price action 12:59

Trading Edge:
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)

<+KN-SR> Exited 3/4 ES Long @ 1268.00 --> + 2

h 11 + 9

<@NihabaAshi> Exited ER2 Long @ 718.70 --> + 0.7

<+KN-SR> Exited 1/2 ES Long @ 1267.50 --> + 1.5 13:00

h 11

67.75 fill

Exited 1/4 ES Long @ 1268.50 --> + 2.5 13:01

h9

<Widgetman> tough today KN

<+Widgetman> wtg

<+KN-SR> :) 13:02

was trading forex

trading with no worry about liquidity

:)

<+Widgetman> I trade EUR in early AM

more fluid then 13:03

<+KN-SR> me too

<+Widgetman> till 11am

sux in PM

hehe

<+KN-SR> Exited 1/4 ES Long @ 1269.00 --> + 3

h8

forex seems to be easy

<+Widgetman> ya think we retrace later KN ?

seems overdone

<+KN-SR> Exited 1/4 ES Long @ 1269.50 --> + 3.5 13:04

h7

73.25 should be the next but we need to cross 71.50 to be in uptrend

first

if its not broken we will see more of south 13:05

<+Widgetman> k 13:07

thx KN

we all appreciate ya comments :) 13:08

<+KN-SR> its the morning......unless broken ... we ae still in downtrend

uw

<+Widgetman> k

1271.5 line for ya then ?

<+KN-SR> yes 13:09

<+Widgetman> 1269.5 1273.5 my MM lines

for me

<+KN-SR> we are not that far from each other 13:10

few ticks

<+Widgetman> y

<+PapaJon> nq 13:18

<anglo> . 13:23

<@NihabaAshi> Long ER2 @ 719.90 -> small size

2 only

<+KN-SR> [12:01:58] <Widgetman> tough today KN -------------- its not about being a tough day , rather if you have a suitable place to enter a trade....... it alwasy a better idea to stay away from trading compare to having loosing trades 13:25

this market is not going anywhere, and we will still be here later...... no hurry

<@NihabaAshi> Exited ER2 Long @ 721.00 --> + 1.1 13:26

Shorts ER2 @ 719.90 -> small size 13:32

1 only

Covered ER2 Short @ 720.70 --> - 0.8 13:36

Long ER2 @ 720.70 -> small size 13:40

2 only

tight trail 13:41

<@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

Exited ER2 Long @ 721.30 --> + 0.6 13:42

I'm close to reaching my profit goal for the trading day...

If reached...I'll stop trading for the day due to the price action not suitable for my trading style. 13:43

<+KN-SR> Exited 1/4 ES Long @ 1271.00 --> + 5 13:44

h5

<@NihabaAshi> Long ER2 @ 720.80 -> small size 13:53

2 only

<+anglo> in fx euro. what volume are you using KN?

<@NihabaAshi> tighten stop 13:54

tighten trail

Exited all ER2 Long @ 721..20 --> + 721..20 - 720.80 13:55

Exited ER2 Long @ 721.20 --> + 0.4

Shorts ER2 @ 721.20 -> small size 13:56

1 only

<+silo> Shorts ER2 @ 720.40 «« paper »» 14:00

<@NihabaAshi> :( 14:06

ER2 putting up a good fight right now

weak support area around 720.00 14:07

Covered ER2 Short @ 720.80 --> + 0.4

Long ER2 @ 721.00 -> small size 14:12

1 only

Exited ER2 Long @ 720.60 --> - 0.4 14:14

Reverse and Enter Short ER2 @ 720.60

Covered ER2 Short @ 720.90 --> - 0.3 14:24

<Widgetman> welcome back 14:28

<+Widgetman> hehe

<@NihabaAshi> Long ER2 @ 720.60 -> small size 14:35

2 only 14:36

sneaky little boooger

* sep34_away is now known as sep34

<@NihabaAshi> tighten trail 14:44

Exited all ER2 Long @ 722.30 --> + 1.7 14:45

<+werner> nice :) 14:46

<@NihabaAshi> Very difficult trading day and most of it I lacked the patience.

Yet, the few times I did have patience...its the only reason why I reached my profit goal for the day. 14:47

<KN-SR> Exited 1/2 ES Long @ 1272 --> + 6

<+KN-SR> h4

<+werner> not bad at all niha 14:48

<@NihabaAshi> The market has changed the past 2 months... 14:50

<+werner> yes indd i feel that also

<@NihabaAshi> Very easy to get frustrated in comparison to trading the first quarter

We've been spoiled :) 14:51

<+werner> :)

<@NihabaAshi> Things will improve a little in September when all the kids go back to school...leaving more energy for the institution folks to devote to their trading instead of their family. 14:52

:)

<+werner> lol kids here on school this week 14:53

<Nesi> Long ER2 @ 720.50 15:00

<+Nesi> Exited all ER2 Long @ 721.00 --> - 13.5 15:05

that is wrong

+0.50

<+Widgetman> whew

ya made my ass pucker

hehe

<+KN-SR> yes indeed :) 15:12

bbl

* sep34 is now known as sep34_away 15:45

<Andy> good evening, everyone 16:00

<+werner> gn all 16:35

<Baxwill> test server 16:38

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In addition, below are the trading instruments our chat room members monitor closely to make trade decisions:

CME Emini Futures EMD, ER2, ES and NQ

CBOT mini-sized Dow Futures YM

Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50

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CME Futures EuroFX EC

Treasury Futures T-Notes ZN, ZF and T-Bonds ZB

Forex Currencies EurUsd, EurYen and UsdCdn

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NYMEX Energies Light Crude Oil CL, e-miNY QM and Natural Gas NG

COMEX Metals Gold GC and ZG

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Don't hesitate to ask your questions and we'll reply back as soon as possible.