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#FuturesTrades September 5th Friday 2008 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+17.60	+72.40	+2407.90
$1,760	$7,240	$240,790

Eurex DAX

0415am - 0420am 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.

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: Fri Sep 05 09:28:29 2008Session Ident: #futurestrades

* Now talking in #futurestrades 09:28

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

* sep34_away is now known as sep34 09:30

<tzar> gm NihabaAshi

<PapaJon> gm all 09:31

<werner> gm all 09:32

<@NihabaAshi> Shorts ER2 @ 715.30 -> large size 09:34

* Kalle [ short CAC @ 47 ] 09:36

* +Kalle [ out CAC @ 43 +4.0 some ]

<@NihabaAshi> Covered 2/3 ER2 Short @ 713.80 --> + 1.5

Holding 2 contract reminder 09:37

<T-stop> vn

<szubaark> Shorts ES @ 1227 «« paper »»

<+szubaark> Covered all Short ES at 1228.25 --> - 1.25 «« paper »»

Shorts ES @ 1228.25 «« paper »» 09:38

* +Kalle [ shadd (win) CAC @ 46 ] 09:39

<+Kalle> very risky

* +Kalle [ out CAC @ 43 +3.5 avg ]

<@NihabaAshi> Covered ER2 Short @ 712.60 --> + 2.7

Holding 1 contract reminder

* +Kalle [ out CAC @ 41 +5.5 avg ] 09:40

<+szubaark> exit stop moved to breakeven ES @ 1228.25 «« paper »»

<+Kalle> stop to 45.5

<+szubaark> Covered all Short ES at 1228.25 --> 0 «« paper »» 09:41

Buys ES @ 1229.75 «« paper »»

exit stop moved to breakeven ES @ 1229.75 «« paper »» 09:42

* +Kalle [ flat CAC @ 45.5 +1.0 avg stopped ] 09:43

<@NihabaAshi> Covered Remainder ER2 Short @ 713.90 --> + 1.4 09:44

<+szubaark> Exited all Long ES at 1232 --> + 2.25 «« paper »» 09:49

<silo> Shorts YM @ 11151 «« paper »» 09:50

<+szubaark> Shorts ES @ 1229.25 «« paper »» 09:56

<+silo> Covered all YM Short @ 11130 --> + 356 «« paper »» 09:57

+18

2 contractsw

so +36 :D

<+szubaark> Covered all Short ES at 1229.25 --> 0 «« paper »» 09:59

Shorts ES @ 1228.75 «« paper »» 10:00

exit stop moved to breakeven ES @ 1228.75 «« paper »» 10:01

Covered all Short ES at 1228.75 --> 0 «« paper »» 10:02

Buys ES @ 1230.25 «« paper »»

exit stop set ES @ 1229 «« paper »» 10:04

Exited all Long ES at 1229 --> - 1.25 «« paper »» 10:05

<+silo> Shorts YM @ 11114 «« paper »» 10:07

<+szubaark> Shorts ES @ 1226.25 «« paper »»

exit stop set ES @ 1227 «« paper »» 10:09

Covered all Short ES at 1227 --> - 0.75 «« paper »»

Shorts ES @ 1225.50 «« paper »» 10:10

<+silo> Covered 1/2 YM Short @ 11086 --> + 28 «« paper »»

exit stop set YM @ 11115 «« paper »» 10:11

<+szubaark> Covered all Short ES at 1225.50 --> 0 «« paper »» 10:14

Shorts ES @ 1224 «« paper »» 10:15

<+silo> come on... break this area

<+szubaark> Covered all Short ES at 1225 --> - 1 «« paper »»

Shorts ES @ 1225.25 «« paper »» 10:17

Covered all Short ES at 1225.25 --> 0 «« paper »» 10:18

Buys ES @ 1225.25 «« paper »»

<+silo> Covered Remainder YM Short @ 11104 --> + 10 «« paper »» 10:20

exit early before trailing stop

unable to break this important area

:\

<+szubaark> exit stop set ES @ 1225.25 «« paper »» 10:23

Exited all Long ES at 1225.25 --> 0 «« paper »»

Shorts ES @ 1225 «« paper »»

Weak Support area getting tested again 10:24

exit stop moved to breakeven ES @ 1225 «« paper »»

hoepfully my Stop wont get picked before we go down more 10:26

<@X> #FuturesTrades Info -> Some members (including me) explain basic details about their trades posted in #FuturesTrades @ http://thestrategylab.com/forum/index.ph p?board=58.0 and there's a link there to take you to #FuturesTrades archived logs if you're interested in reviewing past trades or market commentary posted in #FuturesTrades.

<+silo> Shorts YM @ 11084 -> small size «« paper »» 10:27

who here uses openEcry 10:28

<@NihabaAshi> I don't. 10:31

<+szubaark> Volatility contracting, expecting spike soon, hopefully to downside, Im Short 10:33

<Andy> Long ES @ 1223 «« paper »»

<+silo> Covered all YM Short @ 11096 --> - 12 «« paper »» 10:35

good thing i only went in small with 1

<+szubaark> Covered all Short ES at 1225 --> 0 «« paper »» 10:36

<+Andy> Exited 1/2 ES Long @ 1225 --> + 2 «« paper »»

<+szubaark> Buys ES @ 1225.25 «« paper »»

* Tintin : hi all

<+szubaark> back to back Volatility spikes, first Down, then Up

exit stop moved to breakeven ES @ 1225.25 «« paper »» 10:38

<+Andy> Exited 1/4 ES Long @ 1226 --> + 3 «« paper »»

<+szubaark> nice Andy 10:39

<+Andy> :) thanks szu

<+szubaark> Exited all Long ES at 1225.25 --> 0 «« paper »»

Shorts ES @ 1225 «« paper »»

<+silo> Shorts YM @ 11099 «« paper »» 10:40

<pdays> Long ES @ 1223.75 10:41

<+szubaark> exit stop moved to breakeven ES @ 1225 «« paper »»

<kosmipt> silo I opened an acct wit OEC, going to wire in funds, are there any problems with them?

* +Tintin ----[ shorts ng @ 7.298 ]---- 10:42

----[ shorts cl @ 105.82 ]----

<+szubaark> Covered all Short ES at 1225 --> 0 «« paper »» 10:43

Buys ES @ 1225.25 «« paper »»

<+pdays> Exited all ES Long @ 1224.75 --> + 1 10:44

<+szubaark> Exited all Long ES at 1224 --> - 1.25 «« paper »»

Shorts ES @ 1224 «« paper »»

<+silo> Covered all YM Short @ 11107 --> - 8 «« paper »» 10:45

<+szubaark> Covered all Short ES at 1225.25 --> - 1.25 «« paper »»

* +Tintin ----[ covers cl @ 105.62 +0.20 ]----

<+szubaark> Buys ES @ 1225.50 «« paper »»

Exited all Long ES at 1224 --> - 1.5 «« paper »» 10:46

Shorts ES @ 1223.75 «« paper »»

<+Andy> Exited Remainder ES Long @ 1222.75 --> - 0.25 «« paper »» 10:47

* +Tintin ----[ covers ng @ 7.298 flat ]----

<@NihabaAshi> Shorts ER2 @ 707.10 -> small size 10:50

2 only

volatility trying hard to increase via the choppiness that showed up 10:51

<+silo> Shorts YM @ 11075 «« paper »»

<@NihabaAshi> Covered all ER2 Short @ 706.80 --> + 0.3 10:54

* Retrieving #futurestrades modes...

<+szubaark> Covered all Short ES at 1222 --> + 1.75 «« paper »»

taking some Profit, dont want my Stop to get Hit, its been doing it all day :( 10:55

Shorts ES @ 1220.25 «« paper »» 10:56

<@NihabaAshi> weak support area ER2

Shorts ER2 @ 705.20 -> small size 10:57

3 only

<+Andy> Long ES @ 1219.25 «« paper »» 10:58

<+szubaark> we still continue lower on dead Volatility :(

<+Andy> Long ES @ 1218.25 -> Add «« paper »» 10:59

<@NihabaAshi> tighten trail :(

<+szubaark> exit stop moved to breakeven ES @ 1220.25 «« paper »»

<@NihabaAshi> Covered all ER2 Short @ 704.90 --> + 0.3 11:00

geeesh :(

<+szubaark> Even if one gest the Direction right today, market making it impossible to stay in a trade, unless Big Stops are used :)

<+silo> Covered all YM Short @ 11062 --> + 13 «« paper »»

<@NihabaAshi> tough to hold the shorts in an "obvious" downtrend :(

<+Andy> Exited 1/2 ES Long @ 1219.25 --> + 1 «« paper »»

<+szubaark> Niha u read my mind :) 11:01

Covered all Short ES at 1220.25 --> 0 «« paper »»

<@NihabaAshi> Yep...it's called FEARED

FEAR

<+Andy> Exited 1/4 ES Long @ 1219.75 --> + 0.5 «« paper »»

<+szubaark> Shorts ES @ 1218.25 «« paper »» 11:03

<+Andy> Exited Remainder ES Long @ 1218 --> - 1.25 «« paper »» 11:04

* +Tintin ----[ buys er @ 703.5 ]----

<+szubaark> feel like just going Short and walking away and come back in 30 minutes 11:05

* +Tintin ----[ covers er @ 704.5 +1 ]----

<+szubaark> Covered all Short ES at 1220 --> - 1.75 «« paper »» 11:06

Buys ES @ 1220 «« paper »»

* +Tintin ----[ shorts ng @ 7.347 ]---- 11:07

<+szubaark> Exited all Long ES at 1220.25 --> + 0.25 «« paper »» 11:08

Shorts ES @ 1220.25 «« paper »»

exit stop moved to breakeven ES @ 1220.25 «« paper »» 11:11

Anyways, my Target on my Shorts is 1215+ 11:14

Limit to Cover Short ES @ 1215.25 «« paper »»

* +Tintin ----[ shorts gc @ 815.0 ]---- 11:15

----[ covers gc @ 814.0 +1 ]----

<+szubaark> what is gc? 11:17

<Nesi> Long ER2 @ 703.00 11:19

<+silo> Shorts YM @ 11041 «« paper »» 11:20

<palmer> KN here today 11:21

<+palmer> ?

<+silo> Covered all YM Short @ 11051 --> - 10 «« paper »»

<+szubaark> Huge spike to upside on each new low, impossible to stay in Short :( 11:23

Covered all Short ES at 1220.25 --> 0 «« paper »» 11:24

<+pdays> Long ES @ 1219.75 11:25

<KN-SR> Long ES @ 1222.00

<+KN-SR> stop 1.25

* codehead_afk is now known as codehead

<+KN-SR> Exited 3/4 ES Long @ 1223.25 --> + 1.25 11:26

h7

brb

<+pdays> Exited all ES Long @ 1222.5 --> + 2.75 11:27

<@NihabaAshi> Long ER2 @ 705.50 -> small size 11:28

2 only

<+szubaark> Shorts ES @ 1222.25 «« paper »» 11:30

exit stop set ES @ 1223 «« paper »» 11:33

<@NihabaAshi> Exited all ER2 Long @ 705.00 --> - 0.5 11:34

<+szubaark> exit stop set ES @ 1222.50 «« paper »» 11:35

tightening Stop

<+Andy> Long ES @ 1221.75 «« paper »»

<+szubaark> Covered all Short ES at 1222.50 --> - 0.25 «« paper »»

Buys ES @ 1222.50 «« paper »»

<+Andy> Exited 2/3 ES Long @ 1223 --> + 1.25 «« paper »» 11:36

<+szubaark> Nice Andy

<+Andy> :) 11:37

Exited 1/4 ES Long @ 1223.5 --> + 1.75 «« paper »»

h2

<+KN-SR> Exited 1/4 ES Long @ 1224.00 --> + 2 11:39

H6

<+szubaark> exit stop moved to breakeven ES @ 1222.50 «« paper »» 11:41

<+Andy> Exited 1/4 ES Long @ 1225 --> + 3.25 «« paper »»

h1

<+KN-SR> nice

<+Andy> :)

<+szubaark> Exited all Long ES at 1223.50 --> + 1 «« paper »» 11:44

* +Tintin ----[ covers ng @ 7.347 flat ]---- 11:46

<+KN-SR> Exited 1/4 ES Long @ 1226.00 --> + 4 11:47

h5

* +Tintin ----[ shorts ym @ 11127 ]---- 11:48

<+Nesi> Exited all ER2 Long @ 708.70 --> + 5.7 11:50

<+szubaark> Shorts ES @ 1226 «« paper »»

<+palmer> awesome nesi

<+Nesi> luck

<+szubaark> Covered all Short ES at 1227 --> - 1 «« paper »» 11:52

<+KN-SR> Exited 1/4 ES Long @ 1228.00 --> + 6

<+szubaark> Shorts ES @ 1228 «« paper »»

<+KN-SR> h4

<+szubaark> Covered all Short ES at 1229 --> - 1 «« paper »»

<@NihabaAshi> Long ER2 @ 710.10 -> small size

3 only

<+szubaark> Buys ES @ 1230.50 «« paper »»

<@NihabaAshi> increasing volatility

doesn't look like it will hold :( 11:53

<+KN-SR> Exited 1/4 ES Long @ 1230.00 --> + 8

<+Andy> Exited Remainder ES Long @ 1230 --> + 8.25 «« paper »»

<+KN-SR> h3

nice Andy

<+Andy> thanks, KN

<@NihabaAshi> Exited all ER2 Long @ 710.20 --> + 0.1

* +Tintin ----[ shorts ym @ 11147 avg in ]---- 11:55

<+KN-SR> Exited 1/4 ES Long @ 1232.00 --> + 10

h2

<+szubaark> exit stop moved to breakeven ES @ 1230.50 «« paper »» 11:56

<@NihabaAshi> Long ER2 @ 711.10 -> small size

increasing volatility again

<+szubaark> ]hopefully I can get some points, without Price coming back and hitting my Stop

<@NihabaAshi> weak resistance area ER2 11:57

<+Andy> Shorts ES @ 1231 -> small size «« paper »»

Covered 2/3 ES Short @ 1230.25 --> + 0.75 «« paper »»

h1

<@NihabaAshi> Exited all ER2 Long @ 710.10 --> - 1 11:58

<+silo> intuition?

<+Andy> Covered Remainder ES Short @ 1229.25 --> + 1.75 «« paper »» 11:59

<@NihabaAshi> Shorts ER2 @ 709.50 -> small size 12:00

3 only

prior trade 3 also 12:01

<+szubaark> Expecting spike soon, hopefully to upside, Im Long 12:03

Exited all Long ES at 1229.50 --> - 1 «« paper »» 12:04

Shorts ES @ 1229.50 «« paper »»

<+silo> Shorts YM @ 11151 «« paper »» 12:05

<+szubaark> Covered all Short ES at 1230.25 --> - 0.75 «« paper »»

Buys ES @ 1230.25 «« paper »»

<@NihabaAshi> tighten trail 12:06

<+szubaark> Exited all Long ES at 1229.25 --> - 1 «« paper »» 12:07

Shorts ES @ 1229 «« paper »» 12:08

Covered all Short ES at 1229.50 --> - 0.5 «« paper »» 12:09

Buys ES @ 1229.50 «« paper »»

<@NihabaAshi> Covered all ER2 Short @ 708.80 --> + 0.7

<+szubaark> real nasty price action to end the week

Exited all Long ES at 1228.25 --> - 1.25 «« paper »» 12:12

Shorts ES @ 1228.25 «« paper »»

* +Tintin ----[ covers ym @ 11132 +15 all out ]---- 12:13

<+szubaark> exit stop moved to breakeven ES @ 1228.25 «« paper »» 12:14

<+silo> Covered all YM Short @ 11130 --> + 21 «« paper »» 12:15

<+KN-SR> 1227 add

<+szubaark> Covered all Short ES at 1228.25 --> 0 «« paper »»

:((

<+KN-SR> Exited 3/4 ES Long @ 1228.00 --> + 6 12:16

h 3 + 2

<+szubaark> Buys ES @ 1227 «« paper »»

exit stop moved to breakeven ES @ 1227 «« paper »» 12:18

Exited all Long ES at 1227 --> 0 «« paper »» 12:19

Buys ES @ 1228 «« paper »»

Exited all Long ES at 1227 --> - 1 «« paper »» 12:21

Shorts ES @ 1226.75 «« paper »»

Covered all Short ES at 1227.50 --> - 0.75 «« paper »» 12:22

Buys ES @ 1227.50 «« paper »»

* sep34 is now known as sep34_away 12:26

<@NihabaAshi> Long ER2 @ 709.40 -> small size 12:29

3 only

increasing volatility 12:30

Exited 2/3 ER2 Long @ 711.10 --> + 1.7 12:31

<+szubaark> Nice Entry Niha.

<+KN-SR> Exited 1/4 ES Long @ 1234.00 --> + 12

h4

<@NihabaAshi> first one over the past few trades that the volatility didn't died before a profit target is reached

<@X> #FuturesTrades Info -> Some members (including me) explain basic details about their trades posted in #FuturesTrades @ http://thestrategylab.com/forum/index.ph p?board=58.0 and there's a link there to take you to #FuturesTrades archived logs if you're interested in reviewing past trades or market commentary posted in #FuturesTrades. 12:32

<@NihabaAshi> Exited Remainder ER2 Long @ 710.00 --> + 0.6 12:33

<+silo> Shorts YM @ 11173 «« paper »»

<+szubaark> hopefully doesnt come back and get my Stop as i feel i have good entry. I need a frikin runner after this Chop 12:35

* sep34_away is now known as sep34 12:47

<Nesi> Shorts ER2 @ 709.20

<+Nesi> Covered ER2 Short @ 709.80 --> - 0.6 12:48

Reverse and Enter Long ER2 @ 709.80

Exited all ER2 Long @ 708.10 --> - 1.7 12:51

<futurible> Shorts ER2 @ 708.40 «« paper »»

<+futurible> Covered all ER2 Short @ 709.90 --> - 1.5 «« paper »» 12:53

Shorts ER2 @ 709.40 «« paper »» 12:56

Covered 3/4 ER2 Short @ 708.20 --> + 1.2 «« paper »» 12:57

<+Nesi> Long ER2 @ 708.80

<+futurible> Covered Remainder ER2 Short @ 709.20 --> + 0.2 «« paper »» 12:58

<+szubaark> Volatility Spike 13:08

<+Nesi> Exited all ER2 Long @ 711.30 --> + 2.5 13:09

<+futurible> Long ER2 @ 711.50 «« paper »» 13:11

Exited 1/2 ER2 Long @ 712.50 --> + 1 «« paper »» 13:15

Exited 1/4 ER2 Long @ 713.10 --> + 1.6 «« paper »» 13:16

<+Andy> Shorts ES @ 1236 «« paper »»

Covered 3/4 ES Short @ 1235.25 --> + 0.75 «« paper »» 13:17

<+Nesi> Long ER2 @ 712.80 13:18

Exited all ER2 Long @ 711.80 --> - 1 13:19

<+futurible> Exited Remainder ER2 Long @ 711.70 --> + 0.2 «« paper »»

<+Nesi> Long ER2 @ 712.00 13:20

hard stop at 711 set

<+Andy> Covered Remainder ES Short @ 1234.5 --> + 1.5 «« paper »»

<+Nesi> nice Andy

<+szubaark> exit stop set ES @ 1230.50 «« paper »» 13:21

<+Nesi> Exited all ER2 Long @ 711.00 --> - 1

Long ER2 @ 711.20 13:23

Exited all ER2 Long @ 711.60 --> + 0.4 13:29

Shorts ER2 @ 711.30 13:31

hard stop set at 712.00

Covered all ER2 Short @ 712.00 --> - 0.7 13:32

<+futurible> Long ER2 @ 711.90 «« paper »»

<szubaark_away> Volatility Spike

<+futurible> Exited 3/4 ER2 Long @ 712.90 --> + 1 «« paper »»

* szubaark_away is now known as szubaark

<+Nesi> Long ER2 @ 712.80 13:33

<+futurible> Exited Remainder ER2 Long @ 712.10 --> + 0.2 «« paper »» 13:36

<+Nesi> Exited all ER2 Long @ 711.50 --> - 1.3

<+szubaark> Looks like a fakeout for Longs 13:37

<+Nesi> wow

<+futurible> Long ER2 @ 709.50 «« paper »» 13:38

<+szubaark> Exited all Long ES at 1231.75 --> + 4.25 «« paper »» 13:39

<+KN-SR> Exited ES Long @ 1231.50 --> + 9.5 13:40

Reverse and Enter Short ES @ 1231.50

<+szubaark> Shorts ES @ 1231 «« paper »»

<+KN-SR> sl 1.25

hit and out 13:41

<+futurible> Exited 3/4 ER2 Long @ 710.60 --> + 1.1 «« paper »»

<+KN-SR> good trading to everyone........i m done

<+T-stop> tks KN cya 13:42

<+KN-SR> :)

cya all in a week 13:43

<+szubaark> Covered all Short ES at 1233.50 --> - 2.5 «« paper »»

:((

Shorts ES @ 1232.75 «« paper »»

chased that last Short and paid the Price

Covered all Short ES at 1234 --> - 1.25 «« paper »» 13:44

<+futurible> Exited Remainder ER2 Long @ 711.10 --> + 1.6 «« paper »» 13:45

<+szubaark> Shorts ES @ 1233.50 «« paper »»

exit stop moved to breakeven ES @ 1233.50 «« paper »» 13:48

<+Nesi> Shorts ER2 @ 709.30 13:51

<+szubaark> Weak Support Area

<+futurible> Shorts ER2 @ 710.20 «« paper »» 13:53

<+szubaark> Covered all Short ES at 1233.50 --> 0 «« paper »» 13:56

Buys ES @ 1233.50 «« paper »»

<+futurible> Covered all ER2 Short @ 711.80 --> - 1.6 «« paper »» 13:59

<+szubaark> Exited all Long ES at 1233.50 --> 0 «« paper »» 14:00

going nowhere, just whacking Stops

<@NihabaAshi> Shorts ER2 @ 710.70 -> small size 14:01

2 only

<+szubaark> Shorts ES @ 1232.25 «« paper »»

:(

<@NihabaAshi> Covered all ER2 Short @ 710.50 --> + 0.2 14:05

<+szubaark> Covered remainder Short ES at 1233 --> - 0.75 «« paper »»

sneaky bugger

Buys ES @ 1233.50 «« paper »»

<@NihabaAshi> Long ER2 @ 711.00 -> small size 14:07

<+szubaark> needs to breakout of this 2pt brutal chop range

<@NihabaAshi> 2 only

<+szubaark> Low Volatility all day, this is retail against retail, tick for tick

<@NihabaAshi> This can easily go into a tight 1.5 trading range in ER2...taking me out for a loss on low volatility. 14:08

Making the next few trades more difficult.

Exited all ER2 Long @ 711.40 --> + 0.4 14:09

<+szubaark> Exited all Long ES at 1233.50 --> 0 «« paper »» 14:10

Shorts ES @ 1232.75 «« paper »» 14:11

<@NihabaAshi> Shorts ER2 @ 710.60 -> small size 14:12

2 only

<+szubaark> Covered all Short ES at 1234.25 --> - 1.5 «« paper »» 14:13

Buys ES @ 1234.50 «« paper »»

<@NihabaAshi> Covered ER2 Short @ 711.90 --> - 1.3

There's that 1.5 range 14:14

:(

<+futurible> Long ER2 @ 712.20 «« paper »»

<+szubaark> ES ready to test intraday highs again

<@NihabaAshi> Shorts ER2 @ 712.00 -> small size 14:15

<+szubaark> wow... still not breaking

Exited all Long ES at 1234.50 --> 0 «« paper »»

<@NihabaAshi> 2 only

<+szubaark> Buys ES @ 1235 «« paper »» 14:16

Exited all Long ES at 1235 --> 0 «« paper »» 14:17

<@NihabaAshi> decreasing volatility and the top of that 1.5 range was tested again 14:18

if it does it again (retest)...I'll take the loss.

<+szubaark> Buys ES @ 1235.50 «« paper »» 14:19

<@NihabaAshi> Covered all ER2 Short @ 712.70 --> - 0.7

Long ER2 @ 712.90 -> small size

<+futurible> Exited 1/2 ER2 Long @ 713.20 --> + 1 «« paper »»

<@NihabaAshi> 2 only

<+futurible> Exited 1/4 ER2 Long @ 714.20 --> + 2 «« paper »» 14:20

<@NihabaAshi> Exited all ER2 Long @ 714.20 --> + 1.3 14:21

<+Kalle> nice

<+silo> Long YM @ 11211 «« paper »» 14:22

<+futurible> Exited Remainder ER2 Long @ 713.40 --> + 1.2 «« paper »» 14:23

<@NihabaAshi> Shorts ER2 @ 713.70 -> small size 14:24

2 only

<+szubaark> Exited all Long ES at 1235.50 --> 0 «« paper »»

Shorts ES @ 1235.50 «« paper »» 14:25

Covered all Short ES at 1236.75 --> - 1.25 «« paper »» 14:26

Shorts ES @ 1236 «« paper »» 14:27

<+futurible> Long ER2 @ 714.20 «« paper »» 14:28

<+szubaark> ]geezz 14:29

Covered all Short ES at 1237 --> - 1 «« paper »»

<@NihabaAshi> Covered all ER2 Short @ 714.60 --> - 0.9

<+szubaark> Buys ES @ 1237.50 «« paper »»

<+futurible> Exited 1/2 ER2 Long @ 715.20 --> + 1 «« paper »» 14:30

Exited Remainder ER2 Long @ 714.40 --> + 0.2 «« paper »»

<+szubaark> Exited all Long ES at 1236.50 --> - 1 «« paper »» 14:32

<@NihabaAshi> Shorts ER2 @ 714.00 -> large size

<+szubaark> Shorts ES @ 1236.25 «« paper »»

TANK!!!!

my last trade, cant watch this anymore 14:33

<+futurible> Long ER2 @ 714.60 «« paper »»

<+szubaark> Overtrading and getting chopped up to death

<@NihabaAshi> Covered all ER2 Short @ 715.20 --> - 1.2

<+szubaark> Covered all Short ES at 1238 --> - 1.75 «« paper »»

:((

what a frikin day 14:34

<+futurible> Exited 1/2 ER2 Long @ 715.30 --> + 0.7 «« paper »»

Exited Remainder ER2 Long @ 714.70 --> + 0.1 «« paper »» 14:35

<@X> #FuturesTrades Info -> Some members (including me) explain basic details about their trades posted in #FuturesTrades @ http://thestrategylab.com/forum/index.ph p?board=58.0 and there's a link there to take you to #FuturesTrades archived logs if you're interested in reviewing past trades or market commentary posted in #FuturesTrades.

<@NihabaAshi> Long ER2 @ 715.50 -> large size 14:38

<+szubaark> Shorts ES @ 1236.25 «« paper »» 14:39

<@NihabaAshi> Exited all ER2 Long @ 714.70 --> - 0.8 14:41

<+szubaark> Covered all Short ES at 1238 --> - 1.75 «« paper »» 14:44

Buys ES @ 1238 «« paper »»

c'mon Short SQUEEZZEEEEE

<@NihabaAshi> Long ER2 @ 715.70 -> large size

try again

<+szubaark> Exited all Long ES at 1238 --> 0 «« paper »» 14:46

<@NihabaAshi> Exited all ER2 Long @ 716.20 --> + 0.5

<+szubaark> Shorts ES @ 1237.50 «« paper »»

Covered all Short ES at 1239 --> - 1.5 «« paper »» 14:47

Buys ES @ 1239 «« paper »»

<@NihabaAshi> Long ER2 @ 716.20 -> large size

<+szubaark> Exited all Long ES at 1238 --> - 1 «« paper »» 14:49

<+futurible> Long ER2 @ 716.50 «« paper »» 14:50

Exited 1/2 ER2 Long @ 717.50 --> + 1 «« paper »»

<+szubaark> Shorts ES @ 1239.25 «« paper »» 14:51

<+futurible> Exited 1/4 ER2 Long @ 717.70 --> + 1.2 «« paper »»

<+szubaark> Covered all Short ES at 1239.25 --> 0 «« paper »» 14:54

:((

Buys ES @ 1239.75 «« paper »» 14:55

<+futurible> Exited Remainder ER2 Long @ 718.60 --> + 2.1 «« paper »»

<@NihabaAshi> Exited ER2 Long @ 718.60 --> + 2.4 14:56

Holding 1 contract remainder

<+futurible> vn Niha

<+szubaark> exit stop moved to breakeven ES @ 1239.75 «« paper »» 14:58

<@NihabaAshi> A lot of work to catch that runner...

got shook out a few times :(

<+szubaark> u Prifitible for day? 14:59

* sep34 is now known as sep34_away

<+silo> Exited all YM Long @ 11233 --> + 22 «« paper »»

<@NihabaAshi> Yeah...$1500

$500 over my goal

<+szubaark> Nice.

<+futurible> Shorts ER2 @ 718.80 «« paper »» 15:00

<@NihabaAshi> Exited Remainder ER2 Long @ 718.80 --> + 2.6

<+szubaark> Exited all Long ES at 1239.75] --> 0 «« paper »»

<+futurible> Covered all ER2 Short @ 717.70 --> + 1.1 «« paper »» 15:01

<+szubaark> Frustrating day. coudnt let profits run.

<@NihabaAshi> Try to get $2100 but got caught with a loss on a Large size long position and then got my trailing stop hit for small profits on two other Long positions 15:02

Had the overall direction correct...just couldn't capitalize on those earlier Longs.

<+Nesi> Long ER2 @ 717.50 15:03

<+silo> so far no 15:06

<+Nesi> Exited all ER2 Long @ 717.40 --> - 0.1

<+silo> oh hey kosmipt

sorry didn't notice your message earlier

that's te answer to your question earlier kos

oec is great

<+futurible> good weekend all

<+silo> i would suggest a backup though

just in case

well i'm out guys.... have a good one 15:07

<+codehead> exit adds at 11202 and 11216 last night, as well as the 2c at 11250 and 11251 at 11245 <paper> 15:52

close enough

<+Andy> gn all 16:16

<+werner> good wk all 16:19

* +Tintin : have all a nice WE ... bye 16:21

<@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: Sat Sep 06 00:00:00 2008
22:56

Trading Edge:
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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)

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Google:

#FuturesTrades past logs can be searched via using Google. For example, pretend you want to research what has been said about volatility analysis. Go to the Google search window below and type in "volatility analysis" site:thestrategylab.com (exactly as I typed it including the quotation marks) and you will find everything associated with those key words that were used by any member of #FuturesTrades.


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:

CME Emini Futures EMD, ER2, ES and NQ

CBOT mini-sized Dow Futures YM

Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50

Eurex Fixed Income Derivatives BUND, BOBL and Schatz

Euronext Futures FTSE-100 and CAC-40

CME Futures EuroFX EC

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

Forex Currencies EurUsd, EurYen and UsdCdn

Exchange Traded Funds DIA, IWM, QQQQ, SPY, OIH, XLE and GLD

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.