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#FuturesTrades September 8th Monday 2008 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+22.60	+95.00	+2430.50
$2,260	$9,500	$243,050

Emini NQ

0934am - 0936am 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: Mon Sep 08 09:31:13 2008Session Ident: #futurestrades

* Now talking in #futurestrades 09:31

<NihabaAshi> Good morning all...I got some connection problems...be back in a few minutes.Session Close: Mon Sep 08 09:32:18 2008 09:32

Session Start: Mon Sep 08 09:32:18 2008Session Ident: #futurestrades

* DisconnectedSession Close: Mon Sep 08 09:32:18 2008

Session Start: Mon Sep 08 09:34:54 2008Session Ident: #futurestrades

* Now talking in #futurestrades 09:34

<Nesi> imagine if we close red today..lol 09:35

* Kalle [ short NQ @ 93.25 ]

[ flat NQ @ 86.0 +7.25 ] 09:36

[ short NQ @ 87.5 ] 09:37

<Nesi> come to papa, er 09:38

* Kalle [ out NQ @ 85 +2.5 ]

[ flat 87.25 @ +.25 stopped ] 09:39

<nqcruiser> short es 76 09:41

<Kalle> who runs a script named FuturesTraders_Persons_Copy.mrc? Please check line 6, you've got a bug there 09:43

<rickf> short es 1270.50 Session Close: Mon Sep 08 09:43:42 2008

Session Start: Mon Sep 08 09:43:42 2008Session Ident: #futurestrades

* DisconnectedSession Close: Mon Sep 08 09:43:42 2008

Session Start: Mon Sep 08 09:52:54 2008Session Ident: #futurestrades

* Now talking in #futurestrades 09:52

* NihabaAshi is now known as Nihaba 09:53

<rickf> exit es 1267.25 + 3.25

prolly coul have held longer 09:54

profit hit

<Nihaba> I still got some Othernet problems :(

<palmer> same here niha 09:55

TS have probs too

<Nihaba> Will try one more thing along with trying to fix some charts.Session Close: Mon Sep 08 09:55:39 2008

Session Start: Mon Sep 08 09:55:39 2008Session Ident: #futurestrades

* DisconnectedSession Close: Mon Sep 08 09:55:39 2008

Session Start: Mon Sep 08 09:59:18 2008Session Ident: #futurestrades

* Now talking in #futurestrades 09:59

<Nesi> Covered all ER2 Short @ 733.70 --> + 9.1

<rickf> wtg

<szubaark> nice Nesi

<Nesi> :)

<rickf> hrm already given back like 30% of the es overnight gan, and it's just 10AM 10:00

* Nihaba: you're not channel operator

<Kalle> very nice, Nesi

<silo> nesi the oracle :)

<szubaark> Nesi called it

<Nesi> got lucky 10:01

thinking it was too "high"

i got kill many times thinking like that

Long ER2 @ 732.50 10:02

<Kalle> thinking and trading are a bad combination

<Nesi> very

Exited all ER2 Long @ 733.80 --> + 1.3 10:03

* Nihaba is now known as NihabaAshi

<futurible> Long ER2 @ 734.80 «« paper »» 10:05

<szubaark> Covered all Short ES at 1267.75 --> + 2.5 «« paper »» 10:06

* Tintin : hi all

<nqcruiser> long es

<+futurible> Exited 1/2 ER2 Long @ 735.80 --> + 1 «« paper »»

<T-stop> Hey Tin, gm 10:07

* +Tintin ----[ shorts es @ 1268.25 ]----

----[ shorts er @ 736.1 ]---- 10:08

<+futurible> Exited Remainder ER2 Long @ 735.00 --> + 0.2 «« paper »»

* +Tintin ----[ covers er @ 735.1 +1 ]---- 10:09

<+futurible> Long ER2 @ 736.50 «« paper »»

<@NihabaAshi> Long ER2 @ 736.80 -> small size 10:10

3 only

* +Tintin ----[ buys cl @ 106.53 ]----

----[ covers cl @ 106.73 +0.20 ]---- 10:11

----[ covers es @ 1266.75 +1.5 ]----

<@NihabaAshi> Exited all ER2 Long @ 736.50 --> - 0.3

Shorts ER2 @ 736.30 -> small size 10:12

<+futurible> Exited all ER2 Long @ 735.80 --> - 0.7 «« paper »»

<@NihabaAshi> Covered all ER2 Short @ 735.90 --> + 0.4 10:14

<+szubaark> Shorts ES @ 1267 «« paper »» 10:15

<@NihabaAshi> Shorts ER2 @ 735.10 -> small size

<rickf> short es 1266,50 10:16

<@NihabaAshi> mIRC connection problems this morning, spreadsheet problem and ISP was down all night yesterday...

Missed the first big leg down at the Open.

It's one of those trading days :)

<+szubaark> Covered all Short ES at 1267 --> 0 «« paper »»

<+futurible> Shorts ER2 @ 733.00 «« paper »» 10:17

<+szubaark> Shorts ES @ 1265.25 «« paper »»

<+futurible> Covered 3/4 ER2 Short @ 731.50 --> + 1.5 «« paper »» 10:18

<+szubaark> exit stop set ES @ 1267 «« paper »»

<+rickf> exit 1/2 es 1264.25 +2.25

<@NihabaAshi> Covered 2/3 ER2 Short @ 732.30 --> + 2.8 10:19

Holding 1 contract remainder

<Kalle> vn 10:20

<+futurible> Covered Remainder ER2 Short @ 732.80 --> + 0.2 «« paper »»

<+Nesi> Long ER2 @ 732.80 10:22

<+rickf> exit es remainder 1265.50 +1 10:23

<@NihabaAshi> Covered ER2 Short @ 732.70 --> + 2.4 10:24

Reverse and Enter Long ER2 @ 732.70

<+szubaark> Covered all Short ES at 1266.60 --> - 1.35 «« paper »»

Buys ES @ 1266.75 «« paper »»

<@NihabaAshi> 1 only

<+rickf> pa is quieter than i would have thought for today 10:25

<+szubaark> exit stop moved to breakeven ES @ 1266.75 «« paper »»

Exited all Long ES at 1266.75 --> 0 «« paper »»

<pdays> Long ER2 @ 733.7 10:26

<+Nesi> Exited all ER2 Long @ 734.00 --> + 1.2

<@NihabaAshi> Exited ER2 Long @ 734.10 --> + 1.4 10:27

<+szubaark> Shorts ES @ 1266 «« paper »» 10:28

<@NihabaAshi> Shorts ER2 @ 733.10 -> small size 10:29

2 only

<+szubaark> exit stop moved to breakeven ES @ 1266 «« paper »»

Covered all Short ES at 1266 --> 0 «« paper »» 10:30

easy to get shaken out in this chop

<+rickf> yup

<+szubaark> Buys ES @ 1267.50 «« paper »» 10:31

exit stop moved to breakeven ES @ 1267.50 «« paper »»

<@NihabaAshi> Covered all ER2 Short @ 733.50 --> - 0.4

<+szubaark> Exited all Long ES at 1267.50 --> 0 «« paper »» 10:32

:((

<@NihabaAshi> Shorts ER2 @ 733.10 -> small size 10:33

3 only

<+pdays> Exited all ER2 Long @ 732.3 --> - 1.4 10:35

<+szubaark> Buys ES @ 1268 «« paper »» 10:37

<@NihabaAshi> Covered all ER2 Short @ 733.10 --> 0 10:38

Japan and China pulls tons of money out of Fannie and Freddie...

<+szubaark> exit stop moved to breakeven ES @ 1268 «« paper »»

<@NihabaAshi> U.S. Government reacts by bailing out (taking control) of Fannie and Freddie to keep them from falling into a black hole :) 10:39

Crazy

<+rickf> anyone holding dodge and cox funds (growth or balanced) is gonna get hammered - bloomie says they own a ton of it and added in recent months

long es 1269.50

<@NihabaAshi> Long ER2 @ 734.40 -> small size

3 only

Exited 2/3 ER2 Long @ 736.30 --> + 1.9 10:44

Holding 1 contract remainder

Exited Remainder ER2 Long @ 735.00 --> + 0.6

<+szubaark> Exited all Long ES at 1269.50 --> + 1.5 «« paper »» 10:45

<+rickf> out at 1269.75 +.25

back later - gym

<@NihabaAshi> Shorts ER2 @ 734.90 -> small size 10:48

2 only

<+szubaark> Shorts ES @ 1269 «« paper »» 10:50

exit stop moved to breakeven ES @ 1269 «« paper »» 10:51

<@NihabaAshi> Covered all ER2 Short @ 732.60 --> + 2.3

<+szubaark> Volatility Spike

<@NihabaAshi> geeesh

looks like I fell off the train :( 10:52

<+szubaark> hopefully the Volatility doesnt contract here and picks my Stop in the churning

<@NihabaAshi> Shorts ER2 @ 729.50 -> small size 10:59

1 only

<+szubaark> exit stop set ES @ 1265 «« paper »» 11:00

<@NihabaAshi> Covered ER2 Short @ 728.00 --> + 1.5

* +Tintin ----[ buys es @ 1253.50 ]----

<@NihabaAshi> Shorts ER2 @ 725.00 -> small size 11:01

1 only

Covered ER2 Short @ 726.00 --> - 1 11:02

* +Tintin ----[ covers es @ 1255.00 +1.50 ]----

<@NihabaAshi> Long ER2 @ 727.20 -> small size 11:03

2 only

<+szubaark> Hammer galore forming after this Drop :( 11:04

<@NihabaAshi> Exited all ER2 Long @ 728.50 --> + 1.3

crazy volatility

May be like this all day with that type of BIG NEWS involving the bail out

<+szubaark> yup, thats a Long Bottom Wick on this 5min candle 11:05

that Long Wick should act as Support 11:06

Covered all Short ES at 1263 --> + 6 «« paper »» 11:17

<+Nesi> Long ER2 @ 730.80 11:20

Exited all ER2 Long @ 730.80 --> 0 11:27

* +Tintin ----[ buys er @ 729.3 ]---- 11:29

----[ covers er @ 730.8 +1.5 ]---- 11:31

----[ buys ym @ 11422 ]---- 11:33

<silo> Long YM @ 11412 «« paper »» 11:36

<+silo> Exited all YM Long @ 11438 --> + 26 «« paper »» 11:37

* +Tintin ----[ covers ym @ 11432 +10 ]----

<+Nesi> Shorts ER2 @ 729.60 11:40

Covered all ER2 Short @ 730.00 --> - 0.4 11:41

<+szubaark> Shorts ES @ 1255.50 «« paper »» 11:43

<+Nesi> Long ER2 @ 728.10 11:44

* +Tintin ----[ buys er @ 728.0 ]----

<+szubaark> Covered all Short ES at 1257.50 --> - 2 «« paper »» 11:45

Shorts ES @ 1255.75 «« paper »» 11:46

<+Nesi> Long ER2 @ 728.20 -> Add

<+szubaark> Covered all Short ES at 1257.75 --> - 2 «« paper »» 11:47

Buys ES @ 1257.75 «« paper »»

* +Tintin ----[ covers er @ 728.0 flat ]---- 11:48

<+szubaark> Exited all Long ES at 1255.50 --> - 2.25 «« paper »»

Shorts ES @ 1255.50 «« paper »»

<+Nesi> Exited all ER2 Long @ 727.50 --> - 1.3 11:49

<@NihabaAshi> Shorts ER2 @ 727.60 -> small size

1 only

<futurible> Shorts ER2 @ 727.40 «« paper »»

<+szubaark> Dangerous Low Volatility 11:50

<+Nesi> Long ER2 @ 727.80

<+futurible> Covered all ER2 Short @ 728.20 --> - 0.8 «« paper »» 11:51

<@NihabaAshi> Covered ER2 Short @ 728.30 --> - 0.7 11:52

* Retrieving #futurestrades modes...

<+Nesi> Long ER2 @ 728.60 -> Add

<+szubaark> Covered all Short ES at 1257.25 --> - 1.75 «« paper »»

:((

Buys ES @ 1257.25 «« paper »»

<MK> Long ER2 @ 704.9 -> Add «« paper »» 11:53

<+MK> late post-added Fri morning

<+szubaark> Exited all Long ES at 1254.75 --> - 2.5 «« paper »»

Shorts ES @ 1254.75 «« paper »»

<@NihabaAshi> Shorts ER2 @ 727.20 -> small size 11:54

1 only

<+futurible> Shorts ER2 @ 727.00 «« paper »»

<@NihabaAshi> Covered ER2 Short @ 727.10 --> + 0.1 11:56

:(

<+rickf> back

<+futurible> Covered 1/2 ER2 Short @ 725.90 --> + 1.1 «« paper »» 11:57

<@NihabaAshi> Shorts ER2 @ 726.10 -> small size

<+rickf> once again i leave and miss a nice run :(

<@NihabaAshi> 2 only

<+szubaark> rick, there was nothing nice about it, huge Whipsaws

<+rickf> :( 11:58

<@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. 15:40

* +Tintin ----[ buys er @ 725.9 ]----

<+futurible> Covered 1/4 ER2 Short @ 726.00 --> + 1 «« paper »» 11:59

Covered Remainder ER2 Short @ 726.80 --> + 0.2 «« paper »»

Long ER2 @ 727.00 «« paper »»

<@NihabaAshi> Covered ER2 Short @ 726.90 --> - 0.8 12:00

* +Tintin ----[ covers er @ 727.4 +1.5 ]----

<@NihabaAshi> Long ER2 @ 726.70 -> small size 12:01

2 only

<+szubaark> exit stop moved to breakeven ES @ 1254.75 «« paper »»

<+silo> Long YM @ 11378 «« paper »» 12:02

<+szubaark> Covered all Short ES at 1254.75 --> 0 «« paper »»

Buys ES @ 1254.75 «« paper »»

<@NihabaAshi> Exited all ER2 Long @ 726.80 --> + 0.1 12:03

<+szubaark> Exited all Long ES at 1253.75 --> - 1 «« paper »» 12:04

Shorts ES @ 1253.50 «« paper »»

<+rickf> short es 1253.25

<+futurible> Exited ER2 Long @ 726.20 --> - 0.8 «« paper »»

Reverse and Enter Short ER2 @ 726.20 «« paper »»

* +Tintin ----[ buys cl @ 104.76 ]----

<@NihabaAshi> Shorts ER2 @ 726.00 -> small size

2 only

* +Tintin ----[ covers cl @ 105.16 +0.40 ]---- 12:05

<+silo> Exited all YM Long @ 11363 --> - 15 «« paper »» 12:06

stop hit

<+futurible> Covered 1/2 ER2 Short @ 725.10 --> + 1.1 «« paper »»

<+silo> good... my oec's advance orders are working

<+MK> Long ER2 @ 725.4 -> Add «« paper »» 12:07

<@NihabaAshi> Covered all ER2 Short @ 725.00 --> + 1 12:09

<+rickf> exit 1/2 es 1250 +3.25

<+futurible> Covered 1/4 ER2 Short @ 724.20 --> + 2 «« paper »» 12:10

<@NihabaAshi> Shorts ER2 @ 724.30 -> small size

1 only

Very tought trying to Short the obvious...tough to stay Short 12:11

<+szubaark> Bounces are viscious, retracing to even good Short entries :( 12:12

<+rickf> bets on closing negative today?

<+szubaark> [09:35] <Nesi> imagine if we close red today..lol 12:13

LOL

<@NihabaAshi> If it doesn't...it'll be one heck of a counter-thrust back upwards.

Covered ER2 Short @ 724.70 --> - 0.4 12:14

:(

3rd one like that this p.m. trading session

<+szubaark> Its obvious Downtrend, BUT good luck getting in on it LOL 12:15

<+rickf> exit 1/2 es 1249.25 +4

exit remainder es 1249.25 +4

<+szubaark> nice rick

<+rickf> ty szu

<+futurible> Covered Remainder ER2 Short @ 725.20 --> + 1 «« paper »»

<+szubaark> Covered all Short ES at 1251 --> + 2.5 «« paper »» 12:19

:(

Shorts ES @ 1252.25 «« paper »» 12:21

<+futurible> Shorts ER2 @ 725.60 «« paper »» 12:22

<+szubaark> exit stop set ES @ 1253.25 «« paper »» 12:23

exit stop moved to breakeven ES @ 1252.25 «« paper »» 12:24

Covered all Short ES at 1252.25 --> 0 «« paper »» 12:25

<+futurible> Covered all ER2 Short @ 726.00 --> - 0.4 «« paper »»

* +Tintin ----[ shorts cac @ 4338.0 ]---- 12:27

<+szubaark> Shorts ES @ 1252.50 «« paper »»

* +Tintin ----[ shorts cl @ 105.20 ]----

----[ covers cl @ 105.40 -0.20 ]---- 12:30

<+futurible> Long ER2 @ 727.00 «« paper »»

<+szubaark> Covered all Short ES at 1254.50 --> - 2 «« paper »»

:((

<+futurible> Exited 1/2 ER2 Long @ 728.20 --> + 1.2 «« paper »» 12:31

<+szubaark> Shorts ES @ 1257.50 «« paper »»

exit stop set ES @ 1258.50 «« paper »» 12:32

Covered all Short ES at 1258.50 --> - 1 «« paper »» 12:34

* +Tintin ----[ covers cac @ 4348.0 -10 ]----

<+szubaark> Shorts ES @ 1258.25 «« paper »»

<+futurible> Exited 1/2 ER2 Long @ 728.00 --> + 1 «« paper »» 12:35

error

<@NihabaAshi> Shorts ER2 @ 728.00 -> small size

1 only

<+futurible> Exited 1/4 ER2 Long @ 728.00 --> + 1 «« paper »» 12:36

* +Tintin : lunchtime

<+futurible> Exited Remainder ER2 Long @ 727.20 --> + 0.2 «« paper »» 12:38

<@NihabaAshi> Covered ER2 Short @ 726.90 --> + 1.1 12:39

ooops 12:40

Covered ER2 Short @ 727.90 --> + 0.1

<+szubaark> Covered all Short ES at 1258.25 --> 0 «« paper »»

:(

<+futurible> Long ER2 @ 728.90 «« paper »»

<+szubaark> Buys ES @ 1258.50 «« paper »»

Exited all Long ES at 1258.50 --> 0 «« paper »» 12:41

Shorts ES @ 1258.25 «« paper »» 12:42

<+futurible> Exited all ER2 Long @ 728.20 --> - 0.7 «« paper »» 12:44

<@NihabaAshi> Long ER2 @ 729.10 -> small size 12:47

<+futurible> Long ER2 @ 728.90 «« paper »»

<@NihabaAshi> 2 only

<+szubaark> Covered all Short ES at 1258.25 --> 0 «« paper »» 12:48

Buys ES @ 1258.25 «« paper »»

<+MK> Exited all ER2 Long @ 728 --> + 9.2 «« paper »» 12:49

<+futurible> Exited all ER2 Long @ 727.90 --> - 1 «« paper »»

<+szubaark> Exited all Long ES at 1256 --> - 2.25 «« paper »» 12:50

<@NihabaAshi> Exited all ER2 Long @ 728.00 --> - 1.1

<+szubaark> Shorts ES @ 1256 «« paper »»

<@NihabaAshi> geeesh

<+szubaark> huge Whipsaws

<@NihabaAshi> got the direction correct...just can't stay in it

<+szubaark> add commissions and one can barely breakeven today LOL

Covered all Short ES at 1256 --> 0 «« paper »» 12:53

GEEZ

* +Kalle [ long NQ @ 54 small ] 12:54

<+szubaark> Buys ES @ 1256.25 «« paper »»

exit stop moved to breakeven ES @ 1256.25 «« paper »»

* +Kalle [ out NQ @ 57 +3.0 ] 12:55

<@NihabaAshi> Long ER2 @ 728.50 -> small size

2 only

<+Kalle> stop to 53.5 bb

<+szubaark> IF stalls, most likely will come back to get my Stop as it has been doing ALL DAY 12:56

<+futurible> Long ER2 @ 728.60 «« paper »»

* +Kalle [ out NQ @ 59.25 +5.25 ] 12:59

<@NihabaAshi> Exited all ER2 Long @ 728.60 --> + 0.1

a lot of +0.1 this afternoon for me 13:00

<+szubaark> Exited all Long ES at 1258.25 --> + 2 «« paper »»

<@NihabaAshi> Be back later

<+szubaark> Shorts ES @ 1258.25 «« paper »»

* NihabaAshi is now known as NihabaAshi_away

<+silo> 1pm fisher from fed is speaking i think right?

<+futurible> Exited all ER2 Long @ 728.00 --> - 0.6 «« paper »»

<+Kalle> well, covers ur costs

<+szubaark> Covered all Short ES at 1259.75 --> - 1.5 «« paper »» 13:03

Shorts ES @ 1258.25 «« paper »»

last trade, going to lunch, cant watch or trade this crap action 13:04

<+silo> what's for lunch szu

<+szubaark> sandwich 13:05

* +Kalle [ long NQ @ 52.25 small ]

[ flat NQ @ 50.75 -1.5 stopped ] 13:09

[ short NQ @ 49.0 ]

[ flat NQ @ 46.75 +2.25 ] 13:10

<+szubaark> Ok, Niha goes on lunch and Volatility returns once again

* +Kalle [ long NQ @ 49.5 ]

[ out NQ @ 52 +2.5 some ] 13:11

<+Kalle> gimme 54 13:13

*sigh*

<+szubaark> hope doesnt come back to get my Stop, i need the frikin Points 13:14

* +Kalle [ out NQ @ 53.25 +3.75 ]

[ rev NQ @ 50.75 +1.25 ] 13:16

[ out NQ @ 49.25 +1.5 ]

[ out NQ @ 47.0 +3.75 ] 13:18

<+Kalle> stop to50.0

* +Kalle [ flat NQ @ 50.0 +.75 stopped out ] 13:19

[ short NQ @ 48.5 small -- risky ] 13:22

<+Kalle> make or break

brick wall 13:29

<+szubaark> 4th test on ES of this Resistance here.. guess we going for 5-6-7-8 LOL 13:30

* +Kalle [ out 45.5 @ +3.0 some ] 13:34

[ flat 42.5 @ +6.0 ] 13:41

<+Kalle> NQ is it

<+szubaark> nice 13:42

<+Nesi> Long ER2 @ 726.50 -> Add 13:46

<+szubaark> exit stop set ES @ 1255 «« paper »» 13:51

<+rickf> short es 1249 13:53

<+szubaark> I got 1245 any Major Support, anybody else? 13:54

<futurible> Covered all ER2 Short @ 724.80 --> - 1 «« paper »» 13:56

<+pdays> yup starts @ 1246

<+futurible> Shorts ER2 @ 723.80 «« paper »» 13:58

Covered 1/2 ER2 Short @ 722.70 --> + 1.1 «« paper »» 14:00

<+szubaark> Limit to Cover Short ES @ 1245 «« paper »»

<+futurible> Covered Remainder ER2 Short @ 723.60 --> + 0.2 «« paper »» 14:01

<+rickf> exit es 1249 b/e 14:02

stupid entry to begin with. :(

* +Tintin : back 14:03

<+szubaark> Huge spike to upside to whack more Stops 14:04

* +Tintin ----[ buys er @ 725.6 ]----

<+szubaark> Covered all Short ES at 1253.50 --> + 4.75 «« paper »» 14:06

* +Tintin ----[ covers er @ 726.6 +1 ]---- 14:11

<+Nesi> Long ER2 @ 727.00 -> Add 14:12

* +Tintin ----[ shorts er @ 727.3 ]---- 14:15

<+rickf> long es 1255.50 14:16

<+Nesi> kinda feel ER aiming for 736 740 area at close..imo

if i am wrong, no problem, the big US will bail me out :) 14:19

* +Tintin ----[ covers er @ 726.3 +1 ]---- 14:20

<+rickf> exit es 56.75 +1.25 14:27

<futurible> Long ER2 @ 728.80 «« paper »» 14:29

<+futurible> Exited 1/2 ER2 Long @ 727.80 --> - 1 «« paper »» 14:34

* NihabaAshi_away is now known as NihabaAshi

<@NihabaAshi> Long ER2 @ 728.20 -> small size 14:35

2 only 14:36

<+futurible> Exited 1/4 ER2 Long @ 729.90 --> + 1.1 «« paper »» 14:38

<+szubaark> Buys ES @ 1259.50 «« paper »» 14:39

<estrader1> Godd afternoon all:) 14:44

<+szubaark> Exited all Long ES at 1258 --> - 1.5 «« paper »» 14:45

Shorts ES @ 1258 «« paper »»

<+estrader1> long es 59.25 14:47

<+szubaark> Covered all Short ES at 1259.50 --> - 1.5 «« paper »» 14:48

Shorts ES @ 1259 «« paper »»

<@NihabaAshi> Exited all ER2 Long @ 729.20 --> + 1 14:49

<+futurible> Exited Remainder ER2 Long @ 729.00 --> + 0.2 «« paper »»

<+rickf> always funny when you sense your entire chart go 'bump' on a big move as stuff re-zooms :)

<@NihabaAshi> Shorts ER2 @ 728.40 -> small size 14:55

2 only

<+rickf> short es 1255.25 14:57

small sz 14:58

<@NihabaAshi> Covered all ER2 Short @ 728.30 --> + 0.1

Shorts ER2 @ 728.20 -> small size 15:00

1 only

<+futurible> Shorts ER2 @ 728.40 «« paper »» 15:01

<@NihabaAshi> :( 15:05

Family distractions...

<+szubaark> :(

<+futurible> Covered 1/2 ER2 Short @ 727.40 --> + 1 «« paper »»

Covered 1/4 ER2 Short @ 726.40 --> + 2 «« paper »» 15:06

<@NihabaAshi> Covered ER2 Short @ 726.50 --> + 1.7

be back later

<+rickf> exit 12/ es 53.25 +2 15:09

1/2 es

exit es remainder 54.25 +1 15:12

<+futurible> Covered Remainder ER2 Short @ 728.20 --> + 0.2 «« paper »» 15:13

<+rickf> methinks they're playing games today -- running stops

<+szubaark> Covered all Short ES at 1258 --> + 1 «« paper »» 15:16

Buys ES @ 1258 «« paper »»

rick yup, same games different day

<+rickf> still bouncing off of 1260 15:20

<+futurible> Long ER2 @ 730.00 «« paper »» 15:22

<+Nesi> Exited 1/3 ER2 Long @ 730.50 --> + 3.5 15:23

<+futurible> Exited all ER2 Long @ 730.30 --> + 0.3 «« paper »» 15:24

Long ER2 @ 730.00 «« paper »» 15:26

Exited 1/2 ER2 Long @ 731.10 --> + 1.1 «« paper »»

<+Nesi> Exited 1/2 ER2 Long @ 731.50 --> + 3.7 15:28

<+futurible> Exited 1/4 ER2 Long @ 731.60 --> + 1.6 «« paper »»

Exited Remainder ER2 Long @ 732.20 --> + 2.2 «« paper »» 15:30

<+szubaark> exit stop moved to breakeven ES @ 1258 «« paper »» 15:32

<+futurible> gn all 15:34

<+Nesi> Exited Remainder ER2 Long @ 732.80 --> + 5 15:36

Shorts ER2 @ 732.70

Covered all ER2 Short @ 733.50 --> - 0.8 15:38

Shorts ER2 @ 733.30 15:39

<+szubaark> exit stop set ES @ 1263 «« paper »»

<@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. 15:40

<+Nesi> Covered all ER2 Short @ 732.30 --> + 1 15:44

<+szubaark> Exited all Long ES at 1266 --> + 8 «« paper »» 15:46

<+Nesi> Long ER2 @ 732.20

<+rickf> ok guys have a good day - see you tomorrow 15:47

<+szubaark> l8r

<+Nesi> Exited all ER2 Long @ 731.40 --> - 0.8 15:53

<+szubaark> Buys ES @ 1267.25 «« paper »» 15:58

exit stop moved to breakeven ES @ 1267.25 «« paper »» 15:59

pretty impressive recovery at end of day 16:03

putting 5minute Exit Limit on my Long position 16:05

Exited all Long ES at 1269 --> + 1.75 «« paper »» 16:09

* +Tintin : bye all 16:32

<werner> gn all 16:49

<Awash_afk> Szubaark, you around? 21:56

<+szubaark> yup.. just got yur email

nice

<+Awash_afk> thanks

<+szubaark> where is the Overnight now?

<+Awash_afk> one second

checking overnight low 21:58

currently the LOD is 1265

<+szubaark> im watching the 9/4 Daily WRB see if we Close Below the High of it=Bearish 21:59

<+Awash_afk> http://www.cme.com/html.wrap/wrappedpage s/end_of_day/daily_settlement_prices/es. html 22:00

what's the close?

<+szubaark> ohh..Im talking the Cash SPX not Futures 22:01

<+Awash_afk> k

how's your trading? 22:02

<+szubaark> I did a lot of trades today but finally ended up Positive for day

last week had trouble and overtraded during that Creeper Uptrend on 9/5 22:03

going over trades right now 22:04

<+Awash_afk> give me one second, just got a call 22:06

alright, i'm back 22:07

<+szubaark> u still trading Japan? 22:08

<+Awash_afk> when you say you had trouble and overtraded

how many trades?

<+szubaark> 10-20

<+Awash_afk> naw, no more Asia, the US market is so volatile and profitable that it's not worth looking at Asia anymore

<+szubaark> hey i've changed my method a little.. Im using a lot Tighter Stops (1-2 Points) so im in and out a lot now for breakeven 22:09

<+Awash_afk> k

has this new method been rewarding?

* Awash_afk is now known as Awash

<@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.
Session Close: Tue Sep 09 00:00:00 2008
23:58

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)

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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.