#FuturesTrades August 27th Wednesday 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.
	Session Start: Wed Aug 27 08:58:47 2008Session Ident: #futurestrades
* Now	talking in #futurestrades	08:58
<@X>	[NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<drt>	morning everyone	09:23
<Nesi>	hi all	09:24
<LP>	gm all
<ItalianSharp>	morning all	09:29
* sep34_away	is now known as sep34	09:30
<PapaJon>	gm all
<futurible>	GM ALL	09:31
<@NihabaAshi>	Good morning all	09:32
<werner>	gm all	09:33
<@NihabaAshi>	Long ER2 @ 723.60 -> medium size
<+SpartanWarrior>	Long ES @ 1272 «« paper »»
<szubaark>	Shorts ES @ 1271.25 «« paper »»	09:35
<@NihabaAshi>	Exited ER2 Long @ 722.90 --> - 0.7
	4 contracts
<+SpartanWarrior>	Exited all ES Long @ 1270.50 --> - 1.5 «« paper »»
<@NihabaAshi>	Long ER2 @ 723.90 -> medium size	09:36
<+SpartanWarrior>	Long ES @ 1272 «« paper »»
<@NihabaAshi>	4 contracts
<+SpartanWarrior>	Exited 1/2 ES Long @ 1273.50 --> + 1.5 «« paper »»	09:37
<+szubaark>	Covered all Short ES at 1273.75 --> - 2.5 «« paper »»
	Buys ES @ 1273.75 «« paper »»	09:38
<+SpartanWarrior>	exit stop moved to breakeven ES @ 1272 «« paper »»
<@NihabaAshi>	Exited 3/4 ER2 Long @ 726.40 --> + 2.5	09:40
<+SpartanWarrior>	Exited Remainder ES Long @ 1272.75 --> + 0.75 «« paper »»	09:41
<@NihabaAshi>	Eurex data problems for me :(
<silo>	Shorts ER2 @ 725.50 «« paper »»
<+szubaark>	Buys ES @ 1274.75 «« paper »»	09:42
<+SpartanWarrior>	Shorts ES @ 1272.50 «« paper »»	09:43
<@NihabaAshi>	so far today...it's just a CONTINUATION price action in reaction to yesterday's price action between 14:45pm - 1616pm est
<KN-SR>	Shorts ES @ 1272.00	09:47
<+silo>	Shorts ER2 @ 725.30 -> Add «« paper »»
	these are real trades by the way	09:48
	forgot to change the settings
<anglo>	gm KN
<+SpartanWarrior>	Covered 1/2 ES Short @ 1271 --> + 1.5 «« paper »»
<+Nesi>	nice
<+KN-SR>	Covered ES Short @ 1271.25 --> + 0.75
	Reverse and Enter Long ES @ 1271.25
<+SpartanWarrior>	thanks	09:49
	exit stop moved to breakeven ES @ 1272.50 «« paper »»
<+KN-SR>	s.l .75
	hgm
	gm
<Widgetman>	gm KN
<+SpartanWarrior>	gm
<+KN-SR>	brb	09:50
<@NihabaAshi>	I would like to see volatility maintain itself this morning...
	If it does...it'll be good trading.	09:51
	If not...we'll quickly go back to that difficult price action crap.
<+szubaark>	Exited all Long ES at 1270 --> - 4.75 «« paper »»
	:((
	Shorts ES @ 1270 «« paper »»
<+silo>	Covered 1/2 ER2 Short @ 724 --> + 1.3 «« paper »»	09:52
<@NihabaAshi>	Shorts ER2 @ 724.10 -> small size
	3 only
<+KN-SR>	Long ES @ 1270.00	09:54
<+szubaark>	weird up and down opening
<+SpartanWarrior>	Covered all ES Short @ 1270.75 --> + 1.75 «« paper »»
<+KN-SR>	s.l 1.25
<+SpartanWarrior>	lots of bids just showed up all of a sudden
<+KN-SR>	brb	09:55
<@NihabaAshi>	I didn't post the result of my "remainder" from the prior trade...it was exited @ 725.40 or +1.6
	In reference to the Long position.	09:56
	Currently I'm short
<+silo>	Covered Remainder ER2 Short @ 724.50 --> + 1	09:57
<+KN-SR>	Exited 3/4 ES Long @ 1271.00 --> + 1	09:58
	h11
<@NihabaAshi>	Covered all ER2 Short @ 724.60 --> - 0.5	09:59
	Long ER2 @ 724.70 -> small size	10:00
	3 only
<+SpartanWarrior>	Shorts ES @ 1271.25 «« paper »»	10:01
<+KN-SR>	Exited 1/4 ES Long @ 1272.00 --> + 2
	h9
<+SpartanWarrior>	Covered all ES Short @ 1272.50 --> - 1.25 «« paper »»
<@NihabaAshi>	Exited 2/3 ER2 Long @ 726.80 --> + 2.1	10:02
<+KN-SR>	Exited 1/4 ES Long @ 1273.00 --> + 3
	7
	h
<kosmipt>	choppy opening	10:03
<@NihabaAshi>	Exited Remainder ER2 Long @ 727.50 --> + 2.8
<+SpartanWarrior>	nice niha	10:04
<palmer>	nice reversal there niha	10:05
<@NihabaAshi>	Yeah...I'm still bullish today in reaction to yesterday's late afternoon price action.	10:06
<+SpartanWarrior>	Long ES @ 1272.50 «« paper »»
<@NihabaAshi>	Didn't want to hold a losing "short" too long
<+KN-SR>	Exited 1/4 ES Long @ 1274 --> + 4	10:08
	h6
<+SpartanWarrior>	Exited 1/2 ES Long @ 1274 --> + 1.5 «« paper »»
	exit stop moved to breakeven ES @ 1272.50 «« paper »»
<+szubaark>	Covered all Short ES at 1274.25 --> - 4.25 «« paper »»
	:((
	Shorts ES @ 1273.75 «« paper »»
	this time gonna Short this bounce :))	10:09
<+silo>	Long ER2 @ 727.70	10:10
<+SpartanWarrior>	Exited Remainder ES Long @ 1272.50 --> 0 «« paper »»	10:14
<+KN-SR>	Exited ES Long @ 1272.75 --> + 2.75	10:16
	Reverse and Enter Short ES @ 1272.75
<+SpartanWarrior>	Long ES @ 1273.50 «« paper »»	10:17
<+KN-SR>	Covered ES Short @ 1273.50 --> - 0.75
	Reverse and Enter Long ES @ 1273.50
<+SpartanWarrior>	Exited 1/2 ES Long @ 1274.75 --> + 1.25 «« paper »»	10:19
	exit stop set ES @ 1273 «« paper »»
	hopefully this will be the move to new highs for es	10:20
<+szubaark>	Covered all Short ES at 1275 --> - 1.25 «« paper »»
	Buys ES @ 1275 «« paper »»
<@NihabaAshi>	Long ER2 @ 728.60 -> small size
	2 only
<+KN-SR>	Exited 3/4 ES Long @ 1275.50 --> + 2	10:21
	h11
	Exited 1/4 ES Long @ 1277 --> + 3.5	10:22
<@NihabaAshi>	Exited all ER2 Long @ 729.90 --> + 1.3
<+KN-SR>	h9
	Exited 1/4 ES Long @ 1276.50 --> + 3
	h7
	s.l .75	10:23
<+SpartanWarrior>	Exited Remainder ES Long @ 1276.50 --> + 3 «« paper »»
<+silo>	Exited all ER2 Long @ 730.10 --> + 2.4	10:26
<+KN-SR>	nice
<Baxwill>	Silo, wtg	10:28
<+silo>	:D	10:30
<@NihabaAshi>	Long ER2 @ 731.00 -> small size	10:32
	1 only
	not looking for much
	Exited ER2 Long @ 730.70 --> - 0.3	10:33
<+SpartanWarrior>	Long NQ @ 1899.75 «« paper »»	10:34
<+KN-SR>	Exited 1/4 ES Long @ 1278.50 --> + 5	10:37
	h6
<@NihabaAshi>	Long ER2 @ 731.20 -> small size
	1 only
<+KN-SR>	Exited 1/4 ES Long @ 1279.50 --> + 6
	h5
<+szubaark>	exit stop moved to breakeven ES @ 1275 «« paper »»	10:38
<@NihabaAshi>	Exited ER2 Long @ 730.20 --> - 1	10:41
	Long ER2 @ 731.00 -> small size	10:42
	2 only
<+silo>	Shorts ER2 @ 731	10:44
<pdays>	Shorts ER2 @ 730.9	10:45
<+pdays>	Covered all ER2 Short @ 730.3 --> + 0.6	10:47
<@NihabaAshi>	Exited all ER2 Long @ 730.30 --> - 0.7	10:49
	Shorts ER2 @ 730.20 -> large size
<+SpartanWarrior>	Exited Remainder NQ Long @ 1894.75 --> - 5 «« paper »»	10:51
	Long NQ @ 1894.25 «« paper »»	10:54
<@NihabaAshi>	Covered 2/3 ER2 Short @ 729.10 --> + 1.1	10:56
	Holding 2 contracts remainder
	Covered Remainder ER2 Short @ 730.00 --> + 0.2	10:59
<+silo>	Covered all ER2 Short @ 729.40 --> + 1.6	11:09
	Long ER2 @ 729.30	11:11
	Exited all ER2 Long @ 728.80 --> - 0.5	11:16
	Long ER2 @ 730	11:21
	back in
	Long ER2 @ 730.30 -> Add	11:24
<+Baxwill>	silo pushing it up	11:26
<+szubaark>	exit stop moved to breakeven ES @ 1275 «« paper »»	11:27
<@NihabaAshi>	Shorts ER2 @ 729.00 -> small size	11:29
<+szubaark>	Exited all Long ES at 1275.25 --> + 0.25 «« paper »»
<@NihabaAshi>	2 only
<+szubaark>	Shorts ES @ 1275.25 «« paper »»
<+silo>	Exited all ER2 Long @ 728.60 --> - 3.1	11:30
	Shorts ER2 @ 728	11:31
<@NihabaAshi>	weak support area ER2	11:36
	I'm already at my profit target...
	Still short due to greed
<@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
<peterpanboy>	gm to every one	11:37
<+peterpanboy>	nice nihaba
<@NihabaAshi>	waiting to see if we can drop below that support area
<+KN-SR>	add 73.50
<+peterpanboy>	Hi KN add is for short or long	11:38
	sorry but just now in chat
<+KN-SR>	[09:17:38] <+KN-SR> Reverse and Enter Long ES @ 1273.50	11:39
<+peterpanboy>	thanks KN	11:40
<+KN-SR>	uw
<+szubaark>	exit stop moved to breakeven ES @ 1275.25 «« paper »»
<@NihabaAshi>	By the way, I'm still bullish
<+szubaark>	Expecting Volatility spike here, either up or down	11:41
<@NihabaAshi>	agree
	tightening trail
<+szubaark>	hopefully down, Im Short	11:42
<@NihabaAshi>	ER2 support area still holding
	Data problems again for me in Eurex :(	11:44
	Covered Remainder ER2 Short @ 728.40 --> + 0.6
	If I can't see my other key markets...I'm trading blind and need to exit my position.	11:45
	Thus, I'm sidelined again.
<+szubaark>	Covered all Short ES at 1275.25 --> 0 «« paper »»	11:46
	Buys ES @ 1275.50 «« paper »»
<+KN-SR>	Exited 3/4 ES Long @ 1275.50 --> + 2
	h 6+ 5
<@NihabaAshi>	geesh
<+silo>	wow that was fast
<@NihabaAshi>	That's a quick price spike back down	11:47
<+szubaark>	also quick spike up on that Support holding
<+KN-SR>	[09:22:57] <+KN-SR> s.l .75
<@NihabaAshi>	Hey KN-SR...next time scale out a little bit more instead of dumping that many contracts at once...
	Your causing too many weird price spikes.
	:)	11:48
<+KN-SR>	:)
<+kosmipt>	niha do you follow EUREX as well while trading ER2?
<@NihabaAshi>	Yes
	I also follow Gold and Oil too
<+kosmipt>	ok, but I believe Europe markets are closed	11:49
<@NihabaAshi>	?
	Still open
	Unless your talking about the INDEX of Europe itself and not the Futures
<+kosmipt>	i mean cash sessions
<@NihabaAshi>	Ahh...ok	11:50
<+kosmipt>	i believe DAX is as wild as ER2
	did you try it?
<@NihabaAshi>	It's my favorite trading instrument (traded it for a long time) when I was single.	11:51
	Now that I am married with a family...family restrictions doesn't allow me to get up that early in the morning to "properly prepare" to trade it.
	:)
<+Baxwill>	didn't think anyone would marry a trader :)	11:52
<@NihabaAshi>	:)
<+szubaark>	Exited all Long ES at 1274.25 --> - 1.25 «« paper »»	11:55
<+kosmipt>	cool, did you trade the Europe or US session?	11:56
<@NihabaAshi>	When ?	11:57
<+szubaark>	Buys ES @ 1274.75 «« paper »»	11:58
<@NihabaAshi>	When I was single...I trade both Europe and U.S. sessions...many different trading instruments with the DAX.
	Now that I'm older and with a family...I concentrate only on a trading instrument that "Opens" within the U.S. "regular" session hours	11:59
<+kosmipt>	will you still trade ER2 when it switches to ICE?
<+szubaark>	good shaking out action going on here :))
<hp101>	niha..how many trades made you? (exampel one year, US + Europe- Session trading)
<@NihabaAshi>	Don't know...no biggie to me.
	Will wait until September to see how ER2 trades.
	[11:59] <hp101> niha..how many trades made you? (exampel one year, US + Europe- Session trading)	12:00
	I don't understand your question.
	You asking how many years I traded BOTH Europe and U.S. sessions ?
<+hp101>	no how many trades made you during one year?	12:01
<@NihabaAshi>	I average about 8 trades per day...but I don't trade every trading day.	12:02
	Last 2 months I've "intentionally" increased that frequency.
<+hp101>	mhm ok ;)
<+szubaark>	Exited all Long ES at 1274.75 --> 0 «« paper »»
	Buys ES @ 1276.25 «« paper »»	12:03
<@NihabaAshi>	My Eurex data is back to normal	12:05
	It's been in and out all day :(
<+szubaark>	tough to stay in a trade in this area due to the shakes :(
<+KN-SR>	Exited 1/4 ES Long @ 1276.50 --> + 3
	h9
<@NihabaAshi>	Long ER2 @ 730.10 -> small size	12:06
	2 only
	obvious chaser
<+SpartanWarrior>	Exited 1/2 NQ Long @ 1898.25 --> + 4 «« paper »»	12:07
<+KN-SR>	Exited 1/4 ES Long @ 1278.50 --> + 5
	h7
<+SpartanWarrior>	exit stop set NQ @ 1893.25 «« paper »»
<@NihabaAshi>	Exited all ER2 Long @ 731.30 --> + 1.2	12:11
<+KN-SR>	Exited 1/4 ES Long @ 1279.50 --> + 6
	h6	12:12
<@NihabaAshi>	I'm going to slow it down a little...I'm far above my profit goal for the day.
	Thus, 1 contract only for the remainder of the trading day.
<+szubaark>	lol
	wish i could say that :(	12:13
<+peterpanboy>	Nihaba why only 1 contract as minimun? Ok slow risk but 2 as min is not better	12:14
	better for get half out at first profit target I mean
<@NihabaAshi>	My stats and trading habits show that I'll remain "consistently profitable" by the end of the trading day if I began reducing my position size after 12pm est.	12:15
	Today, I'm taking it easy after "exceeding" my goals by 2x	12:16
	Greed is good but sometimes it can back fire.
<+peterpanboy>	thats great infact I noted best move in morning
<@NihabaAshi>	1 contract only for me just in case it "back fires".
<+peterpanboy>	and agreeed to all
	only wander why only 1 I think 2 is better for scale out half at first target	12:17
<@NihabaAshi>	For scaling out purposes...ANYTHING is better than 1 contract :)	12:18
	2, 3, 4 et cetera
<+peterpanboy>	but your experience is strong so I think about it
	yeah right
<@NihabaAshi>	In addition, your talking about 2 profit targets at the minimum...	12:19
<+peterpanboy>	of course we can ask CME for half contract to trade :)
<@NihabaAshi>	I'm talking about 1 profit target and no greed afterwards.
	If I was still greedy...
	Sure...I'll trade 2 or 3 contracts in the afternoon.
<+szubaark>	i wish they brought back the YM $2 a tick contract, as learning wouldnt be so costly
<+KN-SR>	Exited 1/4 ES Long @ 1280.50 --> + 7	12:20
	h5
<+peterpanboy>	Ok is clear thank nihaba
<@NihabaAshi>	Also note I'm having on and off data problems today.	12:21
	Been a little lucky today it hasn't bit me on the butt today
<+peterpanboy>	Kn are you not tired to profit again?
<+SpartanWarrior>	Exited Remainder NQ Long @ 1902.25 --> + 8 «« paper »»
	made me earn that one, got EXTREMELY lucky	12:22
<+KN-SR>	:)
	nice SpartanWarrior
<+SpartanWarrior>	good luck trading, gotta go
<@NihabaAshi>	Trading day still in continuation after yesterday's later afternoon price action.
	We even got a nice pullback today for help re-energize that "continuation" back upwards.	12:23
<+KN-SR>	Exited 1/4 ES Long @ 1281.50 --> + 8	12:24
	h4
<@NihabaAshi>	They might try and fill that GAP on the regular sesion charts between Friday and Monday
	Reference to ER2	12:25
	weak resistance area ER2
<+peterpanboy>	for me next target is 1284 then 1292 ES
<+KN-SR>	we should see 85.25 next	12:26
<+peterpanboy>	next for ER2 738-739
	KN did you note a strong volume @ 1267 levet ES in this last days what you think?	12:28
	many trades in that area
<+KN-SR>	69.25
<@NihabaAshi>	still a weak resistance area	12:30
<+peterpanboy>	yeah 69.25 too high volume the problem is many buy but many sell so who will win at last	12:31
<+KN-SR>	follow the time and sale when price is there
<+peterpanboy>	Ok Kn in this case what to look? when price is more traded @ ask vs bis	12:34
<+KN-SR>	sell......
	i m too close to get my first 50 in eur/usd.... kind of lost at this moment
	:)
<+peterpanboy>	:)	12:35
	go get your profit and ask when slow down
<+KN-SR>	be back in 15 min.....
<+peterpanboy>	ok btw 50 pips?
<+KN-SR>	yes	12:36
<+peterpanboy>	nice
<+KN-SR>	:)
<+peterpanboy>	CMe not forex right?
<+KN-SR>	had 3 trades so far. 25 + 25 + so far 45
	nop
	forex
	pushing the limit :)
<+peterpanboy>	umh why not Cme	12:37
	forex i more wild
<+KN-SR>	liquidity........ i m scared of currency anyway
	need 4561	12:38
	4661
<+peterpanboy>	yeah but depend broker you use
<+KN-SR>	tradestation
<+peterpanboy>	so which limit for eur/usd
<+szubaark>	Exited all Long ES at 1281.25 --> + 5 «« paper »»
<+KN-SR>	nice	12:39
<+szubaark>	thnx
<+KN-SR>	what limit?
<+peterpanboy>	I mean some broker give max 1 milion USD, over not sure liquidity	12:40
<+KN-SR>	no idea	12:41
	this is my 3rd day
	in 5 yrs
<+peterpanboy>	that is not bad 1 milion=10 contracts
<+KN-SR>	20 cons	12:42
	the largest so far i have traded
	i dont think there is any limits	12:43
	i will check it out
	if they do, i will close my account.....i pay them a lot in comm. anyway	12:44
* codehead_afk	is now known as codehead	12:45
<+peterpanboy>	for example now IB swich 5 milion/ 10 milion
<+KN-SR>	Exited 1/4 ES Long @ 1283.50 --> + 10
	finally............
<+szubaark>	Shorts ES @ 1283.50 «« paper »»
<+KN-SR>	h3
<+peterpanboy>	so if you have large postion maybe bad execution if any	12:46
<+KN-SR>	4668 .... need 7 pips
	one down one to go
	nop...... i know a little about forex.......all limit orders
<+peterpanboy>	greed is good
<+KN-SR>	Exited 1/4 ES Long @ 1284.50 --> + 11	12:47
	h2
<+Widgetman>	wtg KN
<+KN-SR>	thanks
<+Widgetman>	that adaptive modeler I playin with nailed this last nite at 1266L
<+KN-SR>	85.25 ..... let see if we can break it
<@NihabaAshi>	Long ER2 @ 736.10 -> small size
<+Widgetman>	interested in seeing tonights results
<@NihabaAshi>	1 only	12:48
	same size for the remainder of the trading day
<+KN-SR>	sl 1278.50 + 5.00	12:51
	today i m going bed early.........
	:)
<+peterpanboy>	sweet dreams :)
<+KN-SR>	as soon as i get out	12:52
	and i will then leave forex open......since no liquidity problem	12:53
<+peterpanboy>	Ok but before get out can you explain the previous question?
<+KN-SR>	what was the q?
<+peterpanboy>	I remaind you you say when many contract traded @ ask vs bid you say SELL...
	I think have to buy.... why Sell??	12:54
<+KN-SR>	i explained the key idea about going long or short yesterday
<@NihabaAshi>	Exited ER2 Long @ 735.10 --> - 1
<+peterpanboy>	sorry was not in chat but I can get it as come out posted on site	12:55
<+KN-SR>	check out the log... u will find it there
	but, again, do u home work first
<@NihabaAshi>	Logs not updated just yet...won't be until Friday.
<+KN-SR>	do ur
	:(	12:56
<@NihabaAshi>	By the way...anybody in here can maintain their OWN logs :)
<+KN-SR>	ok.......
<+peterpanboy>	thanks Nihaba wait for that
<+KN-SR>	not me :)
<@NihabaAshi>	Just log in and don't turn off your computer :)
	If you turn off your computer or log off...mIRC keeps a log.
	Look inside your mIRC folder --> Log	12:57
	It's all there.
<+peterpanboy>	wow thanks Nihaba think when not logged anything is lost
<@NihabaAshi>	Shorts ER2 @ 735.30 -> small size	13:00
	1 only
<+KN-SR>	Thomas N. Bulkowski - Encyclopedia of Chart Patterns ............ if anyone needs this book pls let me know
<+silo>	you got a pdf version?	13:02
	send it to me?
<+KN-SR>	silo........ accept the file	13:04
	pls
<+tzar>	got a question for u	13:05
<+KN-SR>	ok	13:06
<+tzar>	is there a software that would allow me to lag a chart
	when overlaying it on another chart?
<+palmer>	KN would love a copy too	13:07
<@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>	accept the file	13:08
	pls
<+palmer>	i did
	it is not coming thru though
<+KN-SR>	kn-sr@msn.com send me an email. i will send it through yousendit.com	13:10
<+silo>	thanks kn	13:11
<+KN-SR>	uw	13:12
	i have some other docs somewher.... i will try to dig them out	13:13
	:)
	my laptop is like a huge junk yeard
<+peterpanboy>	very nice to hear that :)	13:14
<+palmer>	sent u email kn	13:16
<+KN-SR>	i m working on my firewall here... i will send u shortly
	anyone needs the file just send me an email....	13:17
<+peterpanboy>	ok thanks
<+KN-SR>	u welcome	13:18
	i m in mission to figure out what i have in my laptop :) ........ 250 gb
<talickca>	Thats a lot of unknown space	13:19
<+tzar>	kn what file?
<+KN-SR>	i hardly work in my laptop.......this is the first time in few yrs actually i m working with my laptop
<@NihabaAshi>	Covered ER2 Short @ 733.90 --> + 1.4	13:21
<+szubaark>	nice Niha.
<@NihabaAshi>	:)
<+peterpanboy>	nice Niha	13:22
<+szubaark>	exit stop moved to breakeven ES @ 1283.50 «« paper »»	13:23
<+KN-SR>	well, couldnt make it 50 in fx today	13:26
	will have a better fight next time........its not over yet	13:27
	now.......need 78.50
	add 81.50
<+palmer>	78.50 what is that	13:28
	short
<+KN-SR>	5
	nop
	my sotp
	stop
	trying to go bed early :)
<+peterpanboy>	Kn where are you now which city	13:29
<+KN-SR>	as ealy as 12 30
	dhaka bangladesh
<+peterpanboy>	so very late now	13:30
<+szubaark>	KN u on a trip?	13:31
<+KN-SR>	yes
	heading singapore this friday	13:32
	heading to
<+szubaark>	thats whats nice about trading is you can go anywhere and trade
<+palmer>	went to singapoer twice- i love it
<+KN-SR>	will leave bangladesh for india on thrusday
<+palmer>	beatiful place
<+Widgetman>	take pics KN
<+KN-SR>	hahaha
<+Widgetman>	post em on web site for us
<+KN-SR>	i know singapore like back of my hand	13:33
<+Widgetman>	stop in naked tiddy bars too for us
	LOL
<+szubaark>	yeah that would be nice (pictures)
<+talickca>	I'm in Singapore now we should have a drink this weekend
<+KN-SR>	cool
	i will be living in clementi rd
	nus apts
	103
<+Widgetman>	where is that ?
<+KN-SR>	national uni of singapore
* sep34	is now known as sep34_away	13:34
<+talickca>	How long you staying for?
<+KN-SR>	2 days then australia
	will be back in 2 weeks	13:35
<+talickca>	nice.
<+peterpanboy>	is it safer trade away from home KN?
<+palmer>	kn doing a world tour
	m sister lived in australia for 6 month
<+KN-SR>	will go to malaysia and then back to singapore for a week
<+palmer>	she liked it
<+peterpanboy>	not afraid bad internet connection
<+KN-SR>	i was in sydney for 3 months and newcastle for 3 months ......... 11 yrs ago	13:36
<+talickca>	Hence the laptop.
<+peterpanboy>	or have to phone broker if anything arise??
<+KN-SR>	:)	13:38
<+peterpanboy>	for example KN from where do you connect now(I mean your laptop)
<+KN-SR>	nop
	my desktop
	i dont have any platfrom in my laptop
<+peterpanboy>	some hotel give wireless but not eliable
<+KN-SR>	i connet to my desktop.....then outside
<+peterpanboy>	do you get your PC in Holiday ?? :)	13:39
<+Baxwill>	KN, what software u use to connect to desktop?
<+peterpanboy>	or what?
	and internet connections?	13:40
<+KN-SR>	u can directly connect to ur pc if u have vista or xp pro
	now i m using gotomypc
<+Baxwill>	thats what I wondering about
<+peterpanboy>	yes but internet provider who is it??
<+KN-SR>	in singapore i will have access to nus wireless network	13:41
<+Baxwill>	is GotomyPC fast enough?
<+KN-SR>	not bad
	all the works are done in desktop
<+szubaark>	Covered all Short ES at 1283.50 --> 0 «« paper »»
<+Baxwill>	interesting, thks
<+KN-SR>	uw	13:42
	i dont have anything in my laptop.......i had my laptop stolen once....very very very bad experience
<+peterpanboy>	but now in Bangladesh what do you use? I mean private from apartment hotel or what?	13:43
<+KN-SR>	they have high speed internet
	not high enough but its ok
<+peterpanboy>	I say that because not find very good internet in Asia
<+KN-SR>	since i m just using it to connect my pc
	NOP......
	worng idea
	wrong
<+peterpanboy>	what wrong idea??	13:44
<+szubaark>	Buys ES @ 1283.50 «« paper »»
<+talickca>	No problems here with internet
<+KN-SR>	not find very good internet
	they have good internet service
	i was scared too, dont blame u
	only problem here is electricity.........	13:45
	now, in most of the places they use some ups..........so........thats not much of a problem anymore
<+peterpanboy>	yeah but for example which is the provider you use now,Hotel internet caffe or what	13:46
<+KN-SR>	i m staying with some relatives
	they figured it out that i cannt survive without internet........so...everyting is cool
<+peterpanboy>	Ok so it is a private connection from home	13:47
<+KN-SR>	yes
<+peterpanboy>	Ok because in hotel and internet caffe never find a good connections in Asia	13:48
<+KN-SR>	internet is available here like a gas station in usa
	:)
<+talickca>	lol
<+peterpanboy>	but depends place and if lucky or not
<+KN-SR>	i havent heard any complain about internet here so far	13:49
<+peterpanboy>	so you use relatives internet and the pay the bill for you... :)
<+KN-SR>	these ppl are very sound when it comes about technology	13:50
	:)
<+szubaark>	Exited all Long ES at 1282.50 --> - 1 «« paper »»
	Shorts ES @ 1282.25 «« paper »»
<+KN-SR>	u have no idea what i m going through........
	these ppl are way too nice
	cannt wait to get out of here	13:51
<+Widgetman>	lol
<+KN-SR>	not easy with so much caring ppl
<+szubaark>	should get some more Stops below now
<+peterpanboy>	anyway ALWAYS have stop loss inserted with order
<+talickca>	lol KN.
<+KN-SR>	i m not kidding
<+peterpanboy>	yeah Asia is nice
<+KN-SR>	if u need a glass of water......... some one is there to hand it over to u	13:52
<+talickca>	I'll be sure to be "unfriendly" when you visit.
<+peterpanboy>	but afraid to trade from there
<+KN-SR>	np......i wil have my ppl take care of that :)
	i have lots of friends in singapore
	well, timing is the plus point here	13:53
	u sit in the evening and go to bed by early morning
	u have all day
<+talickca>	sounds nice
<+peterpanboy>	sorry talicka where are you located?	13:54
<+talickca>	I'm from US, but working in Singapore for about two years now.	13:55
<+KN-SR>	cool
<+peterpanboy>	good but asian origin? and what to do in Singapore
<+talickca>	Nope American, and I do visual effects work for film here. ILM.	13:56
<+peterpanboy>	wow I cant believe ILM great
<+talickca>	=)
<+peterpanboy>	is it for a particular movie or what?
<+talickca>	Last two were ironman and indy 4, under NDA for current projects.	13:57
<+szubaark>	Covered all Short ES at 1282.25 --> 0 «« paper »»	13:58
	tolo choppy
<+talickca>	agreed
<+KN-SR>	i was in singaproe last time in 98
	so 10 yrs
<+szubaark>	these pullbacks are always tricky as they whole world fights for good entries
<+talickca>	quite awhile.
	Singapores not bad, expensive alcohol though.	13:59
<+KN-SR>	hahaha
	dont drink . so . np
<+peterpanboy>	price is consolidating @ res 1284 ES
	and try to hold 180 supp
<+szubaark>	Shorts ES @ 1281.25 «« paper »»
	still think they need to whack Stops below before we go any higher	14:00
	just tough to stay in a trade as it keeps zig zagging up and down LOl
<+KN-SR>	ist should go down	14:01
	way down
<+talickca>	anyone using marketdelta, its quite interesting.
	I'm sure thats been asked a million times already.	14:02
<+KN-SR>	thats the same q i face a lot
	what u think so interesting about market delta?
	if u dont mind
<+talickca>	lot of information, presented in fairly decent manner
<+KN-SR>	do u use delta divergence?	14:03
<+talickca>	not yet, I'm just trialing the app. Isn't that another one of their special indicators?
<+KN-SR>	i think so	14:04
	i saw sime charts, looks interesting
	some
<+talickca>	they have a nice video library onsite as well, good documentation is always a plus.	14:05
<+KN-SR>	add 80.50
	3
<+szubaark>	Covered all Short ES at 1281.25 --> 0 «« paper »»
<+KN-SR>	i agree
<+szubaark>	cant get a good entry and stay in without getting shaken out :((
	will stay on sidelines as they making it impossible to play this pullback	14:06
<+KN-SR>	out all 81.50 81.50 0.00
	2+ 3
	no........	14:07
	just let me go
	82.75
	nxt
<+szubaark>	Buys ES @ 1280.75 «« paper »»	14:14
<+KN-SR>	sill trying to hold on
<+szubaark>	just poking for Stops
<+talickca>	seems to be	14:15
<+KN-SR>	we are kind of in a down trednd from 82.50	14:16
	only problem is vol is not there to support the drop
<+talickca>	true, compared to earlier drops this doesn't have very much vol	14:17
<Tintin>	hi all	14:18
<+Tintin>	i'm new here
<+Widgetman>	Welcome Tintin
<+Tintin>	thx to invite me Widget
<+Widgetman>	good room Tintin
<+Tintin>	nice	14:19
	my i use my post script in here ?
<+Widgetman>	sure	14:20
<+Tintin>	k
<+Widgetman>	Tintin good scalper
	quick and precise
	hehe
<+Tintin>	thx Widget
<+Widgetman>	np
<+KN-SR>	still cannt get rid of that 82.25	14:25
<+szubaark>	Exited all Long ES at 1281.75 --> + 1 «« paper »»
<+KN-SR>	now i think we are set to have a spike
<+szubaark>	Buys ES @ 1283 «« paper »»	14:27
<+KN-SR>	so we have the spike up
	now it should go down..........................	14:28
<+palmer>	why down
	if we spiked up
<+anglo>	lol
<@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
<+palmer>	confuesd
	confused	14:29
<+szubaark>	im looking for High re-test
<+KN-SR>	coz there is no one to go along with that spike
	at this moment
	look at ur t&S
	i cannt have some sleep......	14:30
	bad luck
<Dokebilee>	hello KN :D	14:31
<pat255>	kn does T&S gives u feel for momo? some trades cud be fake
* sep34_away	is now known as sep34
<+KN-SR>	total vol is not increased.........
	so its not just there
	Hi Dokebilee
	any spike will have a retracement.........atleast halfway ...........atleast 90% time	14:32
	unless its a new spike
	news	14:33
	the 10% happens because of the large vol
<+szubaark>	but us retail dont really know if its a "news" spike after the fact	14:34
<+KN-SR>	what happens new traders tries to get in with or after or at the time when price spikes........makes the price go sideway for a while
<+szubaark>	we could get a spike from Hell right now and how would u know if it was news or Huge shakeout?
<+anglo>	KN seems to know
<+KN-SR>	just follow the trail......do u have enough vol to support that price?	14:35
<+anglo>	he hits the news very consistently
<+talickca>	better vol now, but maybe not enough.
<+KN-SR>	bingo
	the move we are having now is just because of over excited traders like me	14:36
<+talickca>	lol
<+KN-SR>	we have to have a trade on the board anytime
	and we make a nice rainbow as price drops	14:37
<+anglo>	can you make a video? we wont tell anybody....sssshhhh
<+Dokebilee>	lol
<+KN-SR>	u can find paris hiltons one, why do u need mind?
	mine
<+anglo>	you are sexier	14:38
<+KN-SR>	u just stay few hundred thousands miles away from me, now beyond .........
<@NihabaAshi>	#FuturesTrades ->  DO NOT share #FuturesTrades password with anyone unless you have my permission. As soon as I start seeing to a few unrecognizable names in #FuturesTrades I will close the room and require EVERYBODY to re-register again. Names I recognize will be given immediate access to a new password without a required re-registration.	14:39
<silo>	you have that thing that paris doesn't
<+anglo>	lol
<+KN-SR>	silo.........u too
<+talickca>	rofl
	awkard..
<+silo>	"that's hot" ;D
<@NihabaAshi>	Too many clever spammers slip in through the back door when password is shared without my permission.
<+KN-SR>	well. silo. i think thats 1/16 D	14:40
<+pat255>	Niha not here..
<+anglo>	lol
	i think thats 1/16 D
<+KN-SR>	arent we still talking about paris?	14:41
<+silo>	i'm talkign about a brain
<+szubaark>	?
<+KN-SR>	paris's brain...... thats 1/2 of a full zero	14:42
<+anglo>	we all love you KN, and not in a sexual kind of way
<+KN-SR>	i m still serious about that few thousands miles, cannt take any chance........:)
<+szubaark>	[14:29] > im looking for High re-test
<+KN-SR>	nice szu	14:43
<+anglo>	yeah... you could be kidnapped
<+talickca>	that went well..
<+szubaark>	Exited all Long ES at 1284 --> + 1 «« paper »»
<+Dokebilee>	Short ES @ 1284
<@NihabaAshi>	It's easy to register and spammers will not register while finding a way into the room to post links to fee-based sources or to poll members via pm.	14:45
	It's happen too many times in the past and I'm determine to keep it from happening again.
<breakout>	i understand
<+breakout>	but i know tin he best scalper i know in my room	14:46
	no harm done misunderstanding
<@NihabaAshi>	Invite everybody you know via asking them to registered becasue nobody is turned away (I won't say no).
	:)
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)
<+talickca>	true
<+Dokebilee>	I am pretty much a newbie in futures, do you think $3000 should be the minimum for 1 ct?
	or should it be atleast 5000	14:47
<@NihabaAshi>	Dokebilee...tough question because nobody knows your trading experience, trading style nor your discipline level.
<+anglo>	KN you compare the new volume with the previous volume traded at that price before, no?
<+Dokebilee>	that is true
<@NihabaAshi>	I myself have a 1 contract per 10k rule
<+anglo>	during the day.	14:48
<+Dokebilee>	I have been paper trading for about 3 weeks now, profiting but I still do feel that I need to consolidate my trades a bit more to minimize fees.
<@NihabaAshi>	Yes
<+Tintin>	Niha, have you seen my pm ?	14:49
<@NihabaAshi>	1 contract for 10k because that's a psychological area for ME that allows me to forget quickly any type of trade loss.
	Simply, losses do not bother me.
	I can quickly continue trading without any mental baggage from the prior trade if the prior trade is a loser or poor trade managed	14:50
<+pat255>	geez that is a nice mental setup N
	it is the biggest problem I have
<+Dokebilee>	It all depends on the person then
<+pat255>	will have to reflet on these words
<+szubaark>	a newbie's entries and exits wont be even as close to that of a experienced trader, so there should be even no comparison.	14:51
<+anglo>	a good simulator program should be enough to convince most people that they really have no chance. At zero cost, it's a good deal.	14:52
<+Dokebilee>	well, thanks for your input nih	14:53
<+KN-SR>	[13:47:29] <+anglo> KN you compare the new volume with the previous volume traded at that price before, no? ------------ yes
<@NihabaAshi>	Dokebilee...yes...it depends on each person and that's why each person "should" have a different money management scheme.
<+anglo>	ty bro	14:54
<+LP>	might be double top
<+anglo>	after you CRUSH a simulator, then maybe starting with a small amount of $ is a good idea to see if you respond the same to real money trades	14:55
<+Dokebilee>	Exited Short ES @ 1282.25 +1.75	14:56
	I exit too early -.-	15:00
<+anglo>	so...KN... what just happened was higher volume up that encouraged even bigger sellers to push down. right?
<+Dokebilee>	anglo, which instrument are you talking about?	15:01
<+KN-SR>	mad cow....... :)
	no vol to support any move
	should drop	15:02
<+pat255>	kn u check the vol on Ts or the vol indictor?
<+anglo>	ok, so I was wrong in my evaluation?
<+silo>	Shorts ER2 @ 732.90 «« paper »»	15:03
<+KN-SR>	only q is when
	unless we see some big vols
	yes pat255
	ts
<+pat255>	ty
<+KN-SR>	s.l 80.50 + 7.00	15:04
	and 0.00	15:05
<@NihabaAshi>	Shorts ER2 @ 732.80 -> small size	15:06
	1 only
	Not looking for much...it's a chaser
<+KN-SR>	still it wont hit 80.50
<@NihabaAshi>	weak support area ER2	15:07
<+KN-SR>	this is becoming a pattern........ i can get in a trade but cannt get out............	15:08
<@NihabaAshi>	weak support area ER2	15:11
	chasing this by a full point is testing my patience because I don't have the needed wiggle room to maintain my patience	15:12
	shallow profit target just formed :(	15:13
	Covered ER2 Short @ 731.70 --> + 1.1	15:15
<+KN-SR>	finally..........
	Exited Remainder ES Long @ 1280.50 --> + 7
	good trading to everyone.........see you all next time	15:18
<+Dokebilee>	cya kn	15:19
<+pat255>	later kn
<+talickca>	cya
<+KN-SR>	gl	15:20
<+anglo>	ty
	u2
<+KN-SR>	we may see 69.25
<+anglo>	dont get typhoid
<+KN-SR>	so thats 10 points from here
<+peterpanboy>	cya KN
<+KN-SR>	gl
<@NihabaAshi>	Shorts ER2 @ 730.00 -> small size	15:28
	1 only
	weak support area
	Covered ER2 Short @ 729.80 --> + 0.2	15:33
	:(
	I got greedy and ended up leaving sushi money on the table
<+pat255>	:(	15:34
<+Dokebilee>	california rolls?	15:35
<+palmer>	thanks for your insight niha	15:36
	i am doing better
	and only trade the mornings	15:37
<@NihabaAshi>	Long ER2 @ 729.50 -> small size	15:38
	1 only
	first trade error of the trading day
	Looking for a Houdini Escape
	Exited ER2 Long @ 729.60 --> + 0.1	15:39
	lucky escape	15:40
	Reminder: I will not be trading tomorrow due to personal reasons.	15:51
<werner>	gn niha , all
<@NihabaAshi>	Shorts ER2 @ 730.70 -> small size	15:52
	1 only
	Covered ER2 Short @ 731.50 --> - 0.8	15:53
	Reverse and Enter Long ER2 @ 731.50
* +Tintin	----[ shorts er @ 731.6 ]----
<@NihabaAshi>	so far...no "rush hour traffic" price action unless this picks up volatility to take it higher or quickly drops it downwards	15:55
* +Tintin	----[ covers er @ 732.6 -1 ]----	15:56
<@NihabaAshi>	Exited ER2 Long @ 733.00 --> + 1.5	15:57
<+Tintin>	nice on niha
<@NihabaAshi>	:)	15:58
<+Tintin>	in advance sorry for spelling mistakes, i'm a poor frenchy lost in an english trading world ...
<@NihabaAshi>	Tintin...there's a few other Belgium folks registered for #FuturesTrades but I'm not sure if they are in here now.	15:59
<+Tintin>	ok
<+peterpanboy>	Ok Thanks everybody for sharing see ya	16:01
	have a nice evening
* +Tintin	: bye all	16:05
<+talickca>	gn	16:07
* sep34	is now known as sep34_away	16:24
<@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	16:31
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We are proud to say that our chat room members are from the following geographical areas in the world:

Argentina, Australia, Belgium, Brazil, Canada, Denmark, France, Germany, Greece, Hong Kong (China), Israel, Italy, Japan, Mexico, Portugal, Puerto Rico (U.S.), Saudi Arabia, Singapore, Spain, United States and Venezuela.

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

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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

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

COMEX Metals Gold GC and ZG

Hang Seng Index Futures HSI

Last of all, if you have any questions about any of the above commentary, specific trades et cetera...

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

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TheStrategyLab.com

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