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#FuturesTrades August 29th Friday 2008 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+4.50	+292.90	+2335.50
$450	$29,290	$233,550

Oil Index OSX

1009am - 1012am 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.

Session Start: Fri Aug 29 00:00:00 2008Session Ident: #futurestrades

<@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
05:56

<KN-SR> Long ES @ 1296.00 07:40

<breakout> anyone see speech was incredible 07:41

<+KN-SR> i agree COMPLETELY

they had it coming......

<+breakout> u could see hope growing take america back

<+KN-SR> well how far u can go with lies and extreme believes 07:42

<+breakout> who

<+KN-SR> :)

yes

stop 1.25 07:43

bbl

Long ES @ 1295.50 07:45

add

3 + 3 07:46

add 97.25 07:54

<anglo> gm 08:35

<+anglo> did the dax open weird or my data is off? 08:36

i have a low of 6366 on the open

<+tzar> 6426 here 08:38

<+anglo> ty tzar 08:39

2 am est open for fdax no? 08:42

<Kalle> yes 08:43

<+Kalle> gm btw

<+anglo> for some reason my data shows a 1:55 am open bar with strange data 08:44

fixed forever 08:54

<silo> mornign guys 08:55

<+anglo> someone sold nq yesterday 15-20' ahead of dell news 08:58

<ripsboy> gm all... 08:59

* anglo is now known as zzzz 09:02

<+KN-SR> Long ES @ 1295.50 09:03

s.l 93.25 09:04

bbl

<Nesi> Shorts ER2 @ 743.50 09:25

<@NihabaAshi_away> Good morning all 09:26

* NihabaAshi_away is now known as NihabaAshi

<Alturus> gm

<T-stop> gm

<drt> gm all 09:30

* +Kalle [ long NQ @ 1895.5 ] 09:32

[ out NQ @ 1897.75 +2.25 ] 09:33

<@NihabaAshi> Long ER2 @ 743.60 -> small size 09:36

3 only

<szubaark> Shorts ES @ 1293 «« paper »» 09:37

<@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
09:38

<@NihabaAshi> Exited all ER2 Long @ 742.50 --> - 1.1 09:38

Shorts ER2 @ 742.20 -> medium size 09:39

* +Kalle [ long NQ @ 1892.5 -> small ] 09:40

[ out NQ @ 1894.75 +2.25 some ] 09:41

<+szubaark> Covered all Short ES at 1294 --> - 1 «« paper »»

Buys ES @ 1294 «« paper »»

* +Kalle [ out NQ @ 1896.5 +4 some ] 09:42

<@NihabaAshi> Covered all ER2 Short @ 742.80 --> - 0.6 09:43

<+szubaark> Exited all Long ES at 1295.50 --> + 1.5 «« paper »» 09:44

<@NihabaAshi> Shorts ER2 @ 744.10 -> medium size 09:45

<KN-SR> Shorts ES @ 1297.00 09:46

<@NihabaAshi> Covered all ER2 Short @ 744.70 --> - 0.6 09:48

* Retrieving #futurestrades modes...

<+breakout> 744 key sup

747 pos

<+KN-SR> Covered ES Short @ 1297.00 --> 0

Reverse and Enter Long ES @ 1297.00

Exited ES Long @ 1297 --> 0 09:49

Reverse and Enter Short ES @ 1297

s.l 1.25

bbl

<+szubaark> Shorts ES @ 1296.50 «« paper »» 09:50

Covered all Short ES at 1297.75 --> - 1.25 «« paper »»

Buys ES @ 1297.75 «« paper »»

<@NihabaAshi> Long ER2 @ 745.90 -> medium size

<+szubaark> Exited all Long ES at 1296.75 --> - 1 «« paper »» 09:51

Shorts ES @ 1296.75 «« paper »»

<@NihabaAshi> Exited all ER2 Long @ 745.40 --> - 0.5

Shorts ER2 @ 745.10 -> large size 09:54

* Tintin : hi all

<+KN-SR> Covered 1/4 ES Short @ 1295.50 --> + 1.5

h18 09:55

brb

<@NihabaAshi> trail tighten

<+szubaark> Covered all Short ES at 1295.75 --> + 1 «« paper »» 09:56

<futurible> Long ER2 @ 744.10 «« paper »»

<+futurible> Exited all ER2 Long @ 743.30 --> - 0.8 «« paper »»

<+KN-SR> Covered 1/4 ES Short @ 1294.00 --> + 3

h12

* +Tintin ----[ buys zn @ 116 30/64 ]---- 09:57

<+KN-SR> will take close to forever 09:58

bbl

<@NihabaAshi> trail tighten again 10:00

trail tighten...now at a profit 10:01

<+szubaark> Shorts ES @ 1294 «« paper »» 10:02

* +Tintin ----[ shorts cl @ 118.9 ]---- 10:03

: oops 118.09 not 118.9

<@NihabaAshi> Covered all ER2 Short @ 742.20 --> + 2.9 10:05

<+szubaark> nice

<+T-stop> vn

<@NihabaAshi> :)

5 trades...1 winner...profitable for the day :)

<+szubaark> exit stop moved to breakeven ES @ 1294 «« paper »» 10:06

Covered all Short ES at 1292.50 --> + 1.5 «« paper »»

<+KN-SR> Covered 1/4 ES Short @ 1293.00 --> + 4

h10

<+szubaark> nice kn 10:07

<+KN-SR> thanks

<+szubaark> u got nice entry at 97

<@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
10:08

<+KN-SR> on the way up.........still early entry

* +Tintin ----[ covers zn @ 116 35/64 +5/64 ]---- 10:09

<+KN-SR> nice

Covered 1/4 ES Short @ 1292.50 --> + 4.5

h9 10:10

* +Tintin ----[ covers cl @ 117.98 +0.10 ]----

<+silo> Long ER2 @ 741.9 «« paper »»

* +Tintin ----[ buys er @ 741.7 ]---- 10:11

<@NihabaAshi> Shorts ER2 @ 740.80 -> small size 10:14

2 only

<+silo> Exited ER2 Long @ 741.9 --> 0 «« paper »»

Reverse and Enter Short ER2 @ 741.9 «« paper »»

oops 10:15

that's 741

* +Kalle [ long NQ @ 1890.5 ] 10:16

<+szubaark> Shorts ES @ 1292.50 «« paper »» 10:17

* +Tintin ----[ buys es @ 1293.25 ]----

----[ buys ym @ 11640 ]----

<+szubaark> exit stop set ES @ 1293.50 «« paper »» 10:18

* +Kalle [ flat NQ @ 1890.25 -.25 ]

<@NihabaAshi> Covered all ER2 Short @ 740.00 --> + 0.8 10:19

<+futurible> Shorts ER2 @ 739.90 «« paper »» 10:20

<+szubaark> Covered all Short ES at 1293.25 --> - 0.75 «« paper »»

Buys ES @ 1293.50 «« paper »»

* +Kalle [ long NQ @ 1890.75 ] 10:21

* +Tintin ----[ buys er @ 740.9 avg in ]----

<+silo> Covered all ER2 Short @ 740.70 --> + 1.2 «« paper »»

that's only +0.3

* +Tintin ----[ covers ym @ 11655 +15 ]----

<+futurible> Covered all ER2 Short @ 740.80 --> - 0.9 «« paper »» 10:22

<+szubaark> Exited all Long ES at 1292.50 --> - 1 «« paper »»

Shorts ES @ 1292.50 «« paper »» 10:23

* +Tintin ----[ covers es @ 1292.25 -1 ]----

<+KN-SR> Covered 1/4 ES Short @ 1291.00 --> + 6

h8

* +Kalle [ flat NQ @ 90.25 -.5 ] 10:24

<+szubaark> Covered all Short ES at 1291.75 --> + 0.75 «« paper »» 10:27

* +Kalle [ short NQ @ 1889 ] 10:28

<+silo> Shorts ER2 @ 739.9 «« paper »»

* +Kalle [ out NQ @ 1887 +2 ]

[ long NQ @ 1887.75 ] 10:30

* +Tintin ----[ shorts zn @ 116 43/64 ]---- 10:31

* +Kalle [ out NQ @ 1889.5 +1.75 ]

<+szubaark> Shorts ES @ 1291.50 «« paper »» 10:34

<werner> gm all

<@NihabaAshi> Long ER2 @ 739.90 -> small size 10:35

1 only

<+szubaark> exit stop moved to breakeven ES @ 1291.50 «« paper »» 10:36

<@NihabaAshi> First trade error of the day.

two more and I'm done for the day

Exited ER2 Long @ 739.60 --> - 0.3 10:37

Reverse and Enter Short ER2 @ 739.60

<+szubaark> Covered all Short ES at 1290.25 --> + 1.25 «« paper »»

<+silo> Shorts ER2 @ 739.40 -> Add «« paper »» 10:38

* +Kalle [ short NQ @ 1886.5 ]

* +Tintin ----[ shorts gc @ 839.3 ]----

* +Kalle [ out NQ @ 1882.25 +4.25 ] 10:39

<@NihabaAshi> Covered ER2 Short @ 738.30 --> + 1.3 10:40

Houdini Escape out of that prior Long entry that was an execution error :) 10:41

<+silo> Covered 1/2 ER2 Short @ 737.30 --> + 2.1 «« paper »»

* +Kalle [ short NQ @ 1883.25 ]

<+KN-SR> Covered 1/4 ES Short @ 1289.00 --> + 8

h7

<+szubaark> Buys ES @ 1289.25 «« paper »»

* +Kalle [ out NQ @ 1880.25 +3.0 some ]

<+szubaark> Exited all Long ES at 1288.25 --> - 1 «« paper »» 10:42

<+silo> Covered Remainder ER2 Short @ 737 --> + 2.9 «« paper »»

* +Kalle [ out NQ @ 1876.25 +7.0 some ] 10:43

<+szubaark> Buys ES @ 1287.50 «« paper »»

<+KN-SR> Covered 1/4 ES Short @ 1288.00 --> + 9 10:46

h6

need to see 87 10:47

3 ticks

come on

<+szubaark> Exited all Long ES at 1287.50 --> 0 «« paper »» 10:48

* +Tintin ----[ covers gc @ 840.3 -1 ]----

<Baxwill> Silo, kill the paper label :)

<+szubaark> Shorts ES @ 1287 «« paper »»

<@NihabaAshi> weak support ER2 10:49

<+KN-SR> done.................

Covered 1/4 ES Short @ 1287.00 --> + 10

h3

<+T-stop> wtg

* +Kalle [ flat NQ @ 1874.25 +9.0 ]

<+KN-SR> thanks........ bbl

<+Baxwill> NG Kalle 10:50

<+szubaark> Covered all Short ES at 1288.25 --> - 1.25 «« paper »»

Buys ES @ 1288.25 «« paper »»

<+KN-SR> good trading everyone........be back in few hrs 10:51

<@NihabaAshi> Long ER2 @ 737.10 -> small size

1 only

<+Kalle> thx bax 10:52

<@NihabaAshi> Exited ER2 Long @ 737.40 --> + 0.3

I had a bigger goal for that trade but I didn't like what I saw after my entry along with getting a software upgrade prompt window in the middle of the trade :( 10:53

<+Kalle> :/

<+Baxwill> Nia, if that was from MS, it would be certain big problem 10:55

<@NihabaAshi> I bought a new FAX/Copy/Scanner/Printer wireless machine yesterday it's already prompting me to upgrade the software 10:56

<+Baxwill> :( 10:57

<+szubaark> Exited all Long ES at 1287.25 --> - 1 «« paper »» 10:58

Shorts ES @ 1287.25 «« paper »»

* NihabaAshi is now known as NihabaAshi_away

<+szubaark> Covered all Short ES at 1288.25 --> - 1 «« paper »» 11:00

Buys ES @ 1288.25 «« paper »»

<+KN-SR> look for 83.25 11:01

should be the bottom....i think

day high...... 1305.25 11:02

gl

<pdays> Long YM @ 11603

<+pdays> Exited 1/3 YM Long @ 11607 --> + 4 11:04

* +Kalle [ long NQ @ 1876.5 ] 11:05

[ out NQ @ 1878.25 +1.75 some ] 11:09

<+pdays> Exited 1/3 YM Long @ 11610 --> + 7 11:11

<Timmyb> GM all 11:12

<+szubaark> Exited all Long ES at 1289 --> + 0.75 «« paper »»

Shorts ES @ 1288.75 «« paper »» 11:13

* +Tintin ----[ covers en @ 116 33/64 +10/64 ]---- 11:16

* +Kalle [ out NQ @ 1879.5 +3.0 some ] 11:17

<+pdays> Exited Remainder YM Long @ 11612 --> + 9 11:20

* +Tintin ----[ covers er @ 740.3 -0.5 all out ]----

<+szubaark> Covered all Short ES at 1290 --> - 1.25 «« paper »»

Shorts ES @ 1289.25 «« paper »» 11:22

Weak Support Area 11:24

* +Tintin ----[ shorts cl @ 117.20 ]---- 11:26

* NihabaAshi_away is now known as NihabaAshi 11:27

* +Kalle [ flat NQ @ 77.5 stopped (late) ]

<@NihabaAshi> Shorts ER2 @ 739.00 -> small size 11:28

2 only

* +Tintin ----[ shorts cac @ 4491.0 ]---- 11:30

<+szubaark> exit stop moved to breakeven ES @ 1289.25 «« paper »»

* +Tintin ----[ covers cl @ 117.40 -0.20 ]----

<@NihabaAshi> Covered all ER2 Short @ 738.10 --> + 0.9 11:31

I've reached my profit goal for the day...will only trade small size only for the remainder of the trading day to protect my profits. 11:32

<+szubaark> will try to hold my Short for longer Profit Target 11:33

* +Tintin ----[ covers cac @ 4482.0 +9 ]----

<+szubaark> exit stop moved to breakeven ES @ 1289.25 «« paper »» 11:36

<@NihabaAshi> weak support area ER2 11:37

<+szubaark> exit stop set ES @ 1288 «« paper »» 11:40

Covered all Short ES at 1287.75 --> + 1.5 «« paper »» 11:41

Buys ES @ 1289 «« paper »» 11:42

Volatility spike tp upside

<@NihabaAshi> Long ER2 @ 739.00 -> small size 11:43

2 only

<+szubaark> hopefully this spike doesnt retrace too deep :( 11:44

Exited all Long ES at 1288 --> - 1 «« paper »» 11:45

:((

Buys ES @ 1288.50 «« paper »» 11:46

* +Kalle [ long NQ @ 73.25 ] 11:47

<+szubaark> paid for that chaser

<@NihabaAshi> Exited all ER2 Long @ 738.40 --> - 0.6 11:48

* +Kalle [ out NQ @ 74.5 +1.25 some ]

<+silo> Shorts ER2 @ 738.3 «« paper »»

<+szubaark> Exited all Long ES at 1287.50 --> - 1 «« paper »» 11:49

<@NihabaAshi> Long ER2 @ 737.60 -> small size

2 only

weak support area still intact ER2 11:50

<+szubaark> Buys ES @ 1288.50 «« paper »»

<+silo> Covered all ER2 Short @ 738.40 --> - 0.1 «« paper »» 11:51

Long ER2 @ 738.50 «« paper »» 11:53

<+Timmyb> hmm i really dont expect this support to hold 11:54

<@NihabaAshi> I want it to hold long enough for me to reach a profit target 11:55

<+Timmyb> :)

looks like u will

i really want to short but just dont like this choppy area

* +Kalle [ out NQ @ 75.5 +2.25 some ] 11:57

<+silo> just wait for the right one

patience is key

<+Timmyb> dang

that one scared me

<@NihabaAshi> Exited all ER2 Long @ 738.70 --> + 1.1

<+Timmyb> but im prob right on it 11:58

NJ NIHA

<+szubaark> Exited all Long ES at 1288.50 --> 0 «« paper »»

<@NihabaAshi> Got a little greedy for awhile there and thought I could grab a 739.20

<+szubaark> Shorts ES @ 1288.25 «« paper »»

<+silo> Exited all ER2 Long @ 738.30 --> - 0.2 «« paper »»

* +Kalle [ flat NQ @ stopped +.25 ] 11:59

<+Timmyb> this si tougher for me now

I am live

and keep taking smaller profits

instead of trusting my judgemnent 12:00

paper is so much easier

<@NihabaAshi> volatility getting lower and lasting longer as such

<+szubaark> approaching that Weak Support Area again

<@NihabaAshi> going to lunch to remove the possibility of me losing my discipline and trading if volatility gets worst 12:01

* NihabaAshi is now known as NihabaAshi_lunch

<+szubaark> exit stop moved to breakeven ES @ 1288.25 «« paper »»

again, as soon as Niha takes lunch, we get Volatility 12:08

<+Timmyb> bet he is glad he got outa his ER long 12:10

<+szubaark> Covered all Short ES at 1285.50 --> + 2.75 «« paper »» 12:12

<@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
12:14

<+silo> wow er2 just spiked up for no reason? 12:18

* +Tintin : lunchtime ... 12:39

<+silo> Long ER2 @ 738 «« paper »» 12:50

Exited all ER2 Long @ 739.50 --> + 1.5 «« paper »» 12:54

<KN-SR> humm 83.75 ll 13:18

<+KN-SR> 2 ticks

trend already changed........ we shuold test 1300 13:20

:) 13:21

93.25 nxt 13:22

brb 13:26

<+werner> delisting er2 futures from cme 13:37

18 sep 13:38

after 18 sep trade the mini russel on the ice us ....tikker tf..... 13:40

<+szubaark> Buys ES @ 1288.25 «« paper »» 13:41

Exited all Long ES at 1288 --> - 0.25 «« paper »» 13:42

Buys ES @ 1288.50 «« paper »» 13:44

Exited all Long ES at 1288.25 --> - 0.25 «« paper »» 13:47

* +Tintin : back 13:48

<+szubaark> Buys ES @ 1289 «« paper »» 13:50

<+silo> Long ER2 @ 741.7 «« paper »» 13:52

<+szubaark> exit stop moved to breakeven ES @ 1288 «« paper »»

* NihabaAshi_lunch is now known as NihabaAshi 13:53

<+szubaark> Exited all Long ES at 1288.25 --> - 0.75 «« paper »» 13:55

Shorts ES @ 1288.25 «« paper »»

<+silo> Exited all ER2 Long @ 741.2 --> - 0.5 «« paper »»

<@NihabaAshi> Shorts ER2 @ 740.80 -> small size 13:59

1 only

<+szubaark> Covered all Short ES at 1288.75 --> - 0.5 «« paper »» 14:00

Buys ES @ 1288.75 «« paper »»

<futurible> Long ER2 @ 741.20 «« paper »» 14:01

* +Tintin ----[ shorts ng @ 8.084 ]----

----[ covers ng @ 8.064 +0.020 ]---- 14:05

<+Nesi> zzzzzz 14:09

<+szubaark> Exited all Long ES at 1288.25 --> - 0.5 «« paper »» 14:11

Shorts ES @ 1288.25 «« paper »»

Covered all Short ES at 1289 --> - 0.75 «« paper »» 14:12

Buys ES @ 1289.25 «« paper »»

<+futurible> Exited all ER2 Long @ 741.00 --> - 0.2 «« paper »» 14:13

<+szubaark> Volatility spike 14:14

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)

<@NihabaAshi> Covered ER2 Short @ 741.70 --> - 0.9 14:15

* +Tintin ----[ buys ng @ 8.009 ]---- 14:17

----[ covers ng @ 8.029 +0.020 ]---- 14:18

<+szubaark> Exited all Long ES at 1289.25 --> 0 «« paper »»

getting real nasty

<+szubaark> Shorts ES @ 1289.25 «« paper »» 14:24

<@NihabaAshi> Shorts ER2 @ 740.80 -> small size 14:25

2 only

<+szubaark> Pause at almost every tick up or down 14:27

Covered all Short ES at 1290.25 --> - 1 «« paper »» 14:28

Buys ES @ 1290.25 «« paper »»

<+codehead> brtual--oil lod coming into close 14:29

<@NihabaAshi> Covered ER2 Short @ 741.70 --> - 0.9

<+szubaark> we should break out of this Brutal area soon 14:30

* +Tintin ----[ shorts cl @ 115.64 ]----

<@NihabaAshi> Long ER2 @ 741.80 -> small size

3 only

<+szubaark> every move is quickly faded the opposite way LOL 14:31

* +Tintin ----[ covers cl @ 115.54 +0.10 ]---- 14:32

<+szubaark> its like one side is pulling left and then the other side is pulling right 14:33

<+codehead> volume puttering out for holiday weekend

<+szubaark> nah, ive seen them rip it hard before on a holiday 14:34

<@NihabaAshi> Exited all ER2 Long @ 741.10 --> - 0.7 14:36

<+szubaark> Exited all Long ES at 1290.25 --> 0 «« paper »» 14:37

wrong

Exited all Long ES at 1290 --> - 0.25 «« paper »»

<Dokebilee> Long ES @ 1290.25 14:38

<@NihabaAshi> less than a 1.5 point range...usually doesn't last more than 45 mins

<+szubaark> Shorts ES @ 1289.75 «« paper »» 14:39

<@NihabaAshi> Thus, something is going to breakout soon because we're approaching 45 mins

<+szubaark> Covered all Short ES at 1289.75 --> 0 «« paper »» 14:43

<@NihabaAshi> Shorts ER2 @ 741.00 -> small size

3 only 14:44

This range sometimes feels like I'm the only one trading

<+szubaark> its a scary range

easy to get nickled and dimed

<@NihabaAshi> Keep your losses small and let your winners run...it won't be scary

<ItalianSharp> <NihabaAshi> Keep your losses small and let your winners run 14:45

<+ItalianSharp> that's the mantra of trading

the only real "holy grail"

<+szubaark> Shorts ES @ 1289.25 «« paper »» 14:46

<@NihabaAshi> trail tighten...price action just changeed (don't like it) 14:47

<+Dokebilee> Exited 1/3 ES Long @ 1288.50 --> - 1.75 «« paper »» 14:48

<@NihabaAshi> Covered all ER2 Short @ 740.70 --> + 0.3 14:49

<+szubaark> Covered all Short ES at 1289.75 --> - 0.5 «« paper »»

<+Dokebilee> Long ES @ 1289.50 «« paper »»

<+szubaark> well, cant let any winners run in this crap 14:50

AND small Stops get easily picked

<@NihabaAshi> It's still "within" that range

It's now about 50 mins into it 14:51

<+szubaark> you counting the range after the 1:25 Eastern 5min WRB? 14:52

<+Tintin> maybe choppy till eod

<@NihabaAshi> 741.50 - 740.00 14:53

Won't catch a price runner until it breaks out of that range on some volatility

Until than...keep losses small 14:54

<+szubaark> Buys ES @ 1289.50 «« paper »» 14:55

<GoodMood> do gold-markets also close @ 15:00 est ?

<@NihabaAshi> Long ER2 @ 741.70 -> small size 14:56

3 only

I won't tighten my trail until we lose the volatility 14:57

<+szubaark> exit stop moved to breakeven ES @ 1289.50 «« paper »» 14:59

<+Nesi> trying to get back to old range :/ 15:02

<+szubaark> Exited all Long ES at 1289.50 --> 0 «« paper »» 15:03

<@NihabaAshi> Back within the range 15:04

<+Tintin> GoodMood, this link is for you - http://www.nymex.com/GC_spec.aspx 15:05

<+szubaark> Shorts ES @ 1288.50 «« paper »»

<@NihabaAshi> Exited all ER2 Long @ 740.80 --> - 0.9 15:06

<+GoodMood> thx tintin

<+Tintin> pit stop at 1:30 ET for GC

<+KN-SR> :)

we had 1300 :)

<+Tintin> for NG and CL pit stop 14:30 ET 15:07

so better stop around 1:30 for GC and 2:30 for NG / CL 15:08

<+GoodMood> y

<@NihabaAshi> Long ER2 @ 740.130 -> small size 15:09

Long ER2 @ 740.30 -> small size

correction 15:10

3 only

<+szubaark> looks like quick pop below the range to get Stops

exit stop moved to breakeven ES @ 1288.50 «« paper »»

<+KN-SR> Long ES @ 1287.75

<@NihabaAshi> volatility increasing 15:13

too bad it didn't retrace back to 740.30 on low volatility

<+szubaark> now the low of the range acting as Resistance 15:14

hopefully my TIGHT Stop wont get picked 15:15

<@NihabaAshi> Yeah...starting to look like it exhausted itself too early trying to get back above that old support that's now resistance

volatility showed up too early

<+GoodMood> . 15:16

<@NihabaAshi> may get lucky if it creeps up on it's own before the next volatility spike so I can dump it

<+GoodMood> .

<+szubaark> Weak Support Area 15:17

<@NihabaAshi> Exited all ER2 Long @ 739.40 --> - 0.9 15:19

<+GoodMood> . 15:21

<+szubaark> Covered all Short ES at 1287 --> + 1.5 «« paper »»

<@NihabaAshi> Now we're within the price action or a prior tough chopping zone 15:22

or = of

<+szubaark> yup, finding some Support there

<@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.
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<+Nesi> lots of chop zones

<@NihabaAshi> Yeah...it's a big one that from earlier in the month 15:23

Reason why swing trading has been tough on the swingers 15:24

Yesterday it had a chance to get above and today it has stayed back within that chop from earlier this month 15:25

<+szubaark> Shorts ES @ 1285.50 «« paper »» 15:27

<@NihabaAshi> I won't expect to break out of that early month chop until late October as we near the U.S. Presidential elections

<+szubaark> 1283 is Gap close on ES from 8/28 15:28

its like a magnet right now

<+Dokebilee> Long ES @ 1285.50 «« paper »» 15:30

<@NihabaAshi> 757.80 - 736.70 is the chop wall I'm talking about 15:31

<+szubaark> exit stop set ES @ 1286.50 «« paper »» 15:32

last trade, getting exhausted from this Price Action and trading it

<@NihabaAshi> Shorts ER2 @ 738.20 -> small size

3 only

<+szubaark> Every tick is a struggle

<@NihabaAshi> szu...it's also after 3:30pm est 15:33

We may see a "rush hour traffic" price action today.

They've been occurring less and less since the beginning of the year.

<+Dokebilee> Shorts ES @ 1286.25 -> Add «« paper »» 15:34

<+szubaark> Covered all Short ES at 1286.50 --> - 1 «« paper »»

<+Dokebilee> oops

I mean long 15:35

Long ES @ 1286.25 -> Add «« paper »»

<@NihabaAshi> Covered all ER2 Short @ 738.60 --> - 0.4 15:36

Long ER2 @ 739.00 -> small size 15:39

3 only

still no signs of a "rush hour traffic"

Exited all ER2 Long @ 738.50 --> - 0.5 15:41

Shorts ER2 @ 738.10 -> small size

3 only

need to see back to back volatilitys spikes to confirm a "rush hour traffic" price action 15:43

Covered all ER2 Short @ 738.40 --> - 0.3 15:45

Long ER2 @ 738.90 -> small size 15:48

3 only

Only got $210 profits 15:49

<+futurible> Long ER2 @ 739.20 «« paper »»

<@NihabaAshi> gotta keep a unusual tight trail on this one like the last 3 trades

* +Tintin ----[ shorts er @ 739.7 ]---- 15:51

<+futurible> Exited all ER2 Long @ 739.40 --> + 0.2 «« paper »»

<@NihabaAshi> Almost 4pm est and still no signs of a "rush hour traffic price action"

<+futurible> Shorts ER2 @ 738.80 «« paper »» 15:53

<@NihabaAshi> Exited ER2 Long @ 738.90 --> 0 15:54

* +Tintin ----[ covers er @ 738.7 +1 ]----

<+futurible> Covered 3/4 ER2 Short @ 737.80 --> + 1 «« paper »» 15:56

<@NihabaAshi> Shorts ER2 @ 738.10 -> small size

3 only

back to back volatility spikes 15:57

tighten trail 15:58

can't afford a loser this late in the trading day

<+futurible> Covered Remainder ER2 Short @ 737.70 --> + 1.1 «« paper »»

<@NihabaAshi> Covered all ER2 Short @ 737.70 --> + 0.4 15:59

<+futurible> Long ER2 @ 738.30 «« paper »»

<@NihabaAshi> another volatility spike

<+futurible> Exited all ER2 Long @ 737.80 --> - 0.5 «« paper »» 16:00

<@NihabaAshi> Long ER2 @ 737.60 -> small size

3 only

that got a little nasty

:( 16:02

<TraderG> why did you take the last trade and why didn't you get out when it was into 738? 16:03

<+futurible> Long ER2 @ 737.80 «« paper »»

<@NihabaAshi> Exited all ER2 Long @ 737.70 --> + 0.1 16:05

<+Kalle> bye all, enjoy the WE :) 16:07

<+futurible> Exited 3/4 ER2 Long @ 738.90 --> + 1.1 «« paper »»

<+werner> gn all 16:08

good wk all

<+futurible> Exited Remainder ER2 Long @ 739.00 --> + 1.2 «« paper »» 16:10

good weekend all

* +Tintin : have all a nice WE ... bye

<+Dokebilee> is the market closed on monday (labor day)? 16:50

<@NihabaAshi> Yes or should be :) 16:51

http://fidweek.econoday.com/calendar/US/ EN/New_York/year/2008/month/09/day/01/da ily/index.html 16:52

<+Dokebilee> :( 16:53

<@NihabaAshi> That's suppose to be good. 16:54

Day of rest for us :) 16:55

Usually I fly to the U.S. for labor day but this year I have some relatives from the other side of the family visiting from Europe...

Gotta entertain them :)

Labor Day weekend is one of the toughest times of the year for traders...something I was told by my old man and his buddies (floor traders at the time) when I was growing up. 17:00

Thus, take care and have fun as we near the end of the tough 3rd Quarter 17:01

* NihabaAshi is now known as NihabaAshi_away 17:08

<+TraderG> is anyone here? 17:13

I need someone to type something. anything

<@NihabaAshi_away> Hello...I'm still here doing my Market Wrap after calming down a 5 year old. 17:22

<+pdays> TraderG..i'm here also 17:35

<+Timmyb> lol 17:47

how did ur day go niha

<Baxwill1> Nia, what u plan to trade when ER2 quits CME in next 2 wks? 18:21

<@NihabaAshi_away> [17:47] <+Timmyb> how did ur day go niha 20:17

[18:21] <Baxwill1> Nia, what u plan to trade when ER2 quits CME in next 2 wks?

My day was profitable although I lost most of those profits in the afternoon trading session as usual when trying new stuff... 20:18

Still trying new stuff to adapt to the changed market conditions of the past 2 months. 20:19

When ER2 quits...no biggie.

I'll watch it for awhile (no trades) to see if there's any funny business (too weird) going on.

However, I will most likely trade something that's more liquid than ER2 from the list of the following link... 20:20

http://www.traders.com/Documentation/FEE Dbk_docs/Liquidity/FutLiq.html

Gold, Oil, ES, NQ, T-Notes or EuroFX are among my consideration if ER2 price action changes too much where I'm no longer feel confident in exploiting it. 20:22

Regardless no big deal considering ER2 is not one of my favorite trading instruments...Eurex and Euronext are. 20:23

Good night all...going to bed early tonight.

I'm stuck with the kids for the weekend while spouse is traveling to see a sick relative.
Session Close: Fri Aug 29 20:26:44 2008

<@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.
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