#FuturesTrades September 10th 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 for 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 my trades were posted in real-time within 5 seconds after entry or exit unless otherwise noted 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 until I've adapted.

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: Wed Sep 10 07:25:40 2008Session Ident: #futurestrades
* Now	talking in #futurestrades	07:25
<@X>	[NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTra desChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrad es.htm
<KN-SR>	short es 31.50	07:41
<Nesi>	good morning all, hi KN	07:42
<+KN-SR>	out 2/3 29.00 + 2.50
	h 14
	hi Nesi
	stop 1.25	07:43
	brb
	out 2 28.50 + 3.00	07:45
	out 2 27.50 + 4.00	07:46
	brb........it will take forever	07:47
	out 2 25.50 + 6.00	07:55
	out 2 22.50 + 9.00	07:57
	out 2 21.50 + 10.00	07:58
	h 4 ........stop..... 0.00
<+Nesi>	vn	07:59
<+KN-SR>	thanks
<@NihabaAshi>	Good morning all	08:23
	It was looking like another big gap at the Open until the markets started declining soon after 0730am est	08:24
<+Nesi>	hello Nihaba	08:25
<rickf>	gn
<+rickf>	gm
<@NihabaAshi>	Was the big drop soon after 0730am est related to more negative news about LEH ???	08:26
<+Nesi>	yes	08:27
<@NihabaAshi>	Thanks
<+Nesi>	gave numbers at 7:30 am
<@NihabaAshi>	Oooch...I guess after yesterday info about LEH...many futures traders was watching those numbers announcement today	08:28
<KN-SR>	hit and out 31.50 0.00 ....... take care all and good trading	08:29
<@NihabaAshi>	With all the negative news about these BIG financial institutions, mortgage home owner problems et cetera...	08:32
<silo>	niha did yo usee what i wrote yesterday?
<+rickf>	definately a trader's market
<+Nesi>	i wonder who is next
<+rickf>	nesi - my money's on MER
<@NihabaAshi>	I don't think the 500B bailout of Fannie and Freddie will help much other than provide a "little hope".
<+Nesi>	yeah, Merry lynch next, rickf	08:33
<+rickf>	niha -- bingo
	otherwise we'd still be heading UP following the weekend, not reverse like we did
<@NihabaAshi>	Simply, as taxpayers...another 500B out of the pockets other than saving some jobs over at Fannie and Freddie	08:34
<nqcruiser>	i am sure if they dont intervene	08:51
<+nqcruiser>	it will be same results as for uk
	where gbpusd lost mo than 1600 pips in a month
* Kalle_Tierpark	is now known as Kalle	09:13
<@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.	09:19
<+Nesi>	good trading all	09:28
<PapaJon>	gm all
<futurible>	and you,Nesi
<kosmipt>	goog luck guys	09:29
<+Nesi>	Shorts ER2 @ 716.10	09:32
<+silo>	Shorts YM @ 11294
<+rickf>	wha?	09:33
<@NihabaAshi>	Shorts ER2 @ 715.30 -> small size
	3 only
<silo>	Covered all YM Short @ 11284 --> + 88	09:34
<+silo>	weird
	+10 from that last trade
<szubaark>	Shorts ES @ 1231.75 «« paper »»
<+silo>	exited too early	09:35
	:(
<PapaJon>	as did i :(
<+szubaark>	exit stop moved to breakeven ES @ 1231.75 «« paper »»	09:36
<@NihabaAshi>	Covered 2/3 ER2 Short @ 712.10 --> + 3.2
	Holding 1 contract remainder
<+rickf>	short es 1229.25	09:37
<+szubaark>	.	09:38
<werner>	.
<@NihabaAshi>	Covered ER2 Short @ 713.40 --> + 1.9	09:42
	Reverse and Enter Long ER2 @ 713.40
<+silo>	Long YM @ 11272
<@NihabaAshi>	1 only
<+szubaark>	Covered all Short ES at 1231.75 --> 0 «« paper »»
	Buys ES @ 1232.25 «« paper »»
<+futurible>	Long ER2 @ 716.00 «« paper »»	09:43
<+rickf>	out at 32.25 -3
<@NihabaAshi>	Exited ER2 Long @ 716.40 --> + 3
<+silo>	Exited all YM Long @ 11487 --> + 215
	damn it
	11287
<+futurible>	Exited 3/4 ER2 Long @ 717.10 --> + 1.1 «« paper »»
	Exited Remainder ER2 Long @ 716.20 --> + 0.2 «« paper »»
<+silo>	+15	09:44
<+szubaark>	Exited all Long ES at 1232.25 --> 0 «« paper »»
<+futurible>	Shorts ER2 @ 715.50 «« paper »»	09:45
<ripsboy>	gm all...
<+silo>	Shorts YM @ 11302	09:46
<+futurible>	Covered 1/2 ER2 Short @ 714.40 --> + 1.1 «« paper »»
	Covered Remainder ER2 Short @ 715.30 --> + 0.2 «« paper »»	09:47
<+silo>	Covered all YM Short @ 11286 --> + 16	09:49
<+Nesi>	very good, silo
<+szubaark>	Buys ES @ 1232.25 «« paper »»
<+silo>	thanks
<+szubaark>	Buys ES @ 1233.25 «« paper »»	09:50
<+rickf>	long es 1234.75
<+Nesi>	i see resistance er at 716.50 717.50 area	09:51
<+rickf>	exit es 1237 +2,25	09:53
* Tintin	: hi all	09:55
<+rickf>	gm
<+szubaark>	Exited all Long ES at 1236 --> + 2.75 «« paper »»	09:57
<+silo>	Shorts YM @ 11313	09:58
<+szubaark>	Shorts ES @ 1235 «« paper »»	09:59
	Covered all Short ES at 1235.50 --> - 0.5 «« paper »»	10:01
<+silo>	Covered all YM Short @ 11322 --> - 9
	too dangerous here for me	10:02
	:\
<+rickf>	long es 1235.75
<+szubaark>	Buys ES @ 1235.75 «« paper »»
	Exited all Long ES at 1234.25 --> - 1.5 «« paper »»	10:04
<+silo>	Shorts YM @ 11308
<+szubaark>	Shorts ES @ 1234.25 «« paper »»
<pdays>	Shorts ER2 @ 716.2
<+szubaark>	Covered all Short ES at 1236 --> - 1.75 «« paper »»
	Buys ES @ 1236 «« paper »»
	Exited all Long ES at 1234 --> - 2 «« paper »»	10:06
* Kalle	[ long CAC @ 06 ]	10:07
<+szubaark>	Buys ES @ 1235.50 «« paper »»	10:08
* +Kalle	[ flat CAC @ 08.5 +2.5 ]
<+silo>	so dangerous here	10:10
	:\
<+szubaark>	good Chop going
<+rickf>	out @ 34.25	10:11
<+szubaark>	Exited all Long ES at 123 --> - 1112.5 «« paper »»
	Exited all Long ES at 1233 --> - 2.5 «« paper »»
	Shorts ES @ 1233 «« paper »»
<+silo>	Covered all YM Short @ 11282 --> + 26	10:12
	daily profit target reached
	i lowered my daily profit by 100 bucks	10:13
	from 600 to 500
	more reachable this way hehe
<+pdays>	Covered all ER2 Short @ 715.2 --> + 1
<+rickf>	short es 1232.50 sm sz
<+szubaark>	Weak Support Area	10:18
	Covered all Short ES at 1233 --> 0 «« paper »»	10:21
	Shorts ES @ 1232 «« paper »»	10:22
<+rickf>	exit 1/2 es 30.50 +2
<pat255>	nice szu	10:23
<+rickf>	nice entry szu
<+szubaark>	thanks..tricky action here
<+silo>	i'm gonna stay out of the current actionright now	10:29
<+rickf>	exit es 1231 +1.25
<+silo>	it's only an hour into the trading... plenty of opportutnities
<+rickf>	oil inventory in 5 min	10:30
<+silo>	oh yeah that's irght	10:31
<+szubaark>	Covered all Short ES at 1232 --> 0 «« paper »»
<+rickf>	i would've stayed short but not w/news coming out	10:32
	"there's always another trade"
<+szubaark>	Shorts ES @ 1230.75 «« paper »»
<+kosmipt>	oil in 2 mins	10:33
<+szubaark>	exit stop set ES @ 1232.75 «« paper »»	10:34
	Covered all Short ES at 1232.75 --> - 2 «« paper »»	10:35
	Shorts ES @ 1230.50 «« paper »»	10:36
<+rickf>	short es 1230.25 sm sz
<+szubaark>	guess its Chop day today LOL	10:37
	Covered all Short ES at 1232.50 --> - 2 «« paper »»	10:38
	Buys ES @ 1233 «« paper »»
* +Tintin	----[ shorts zn @ 116.33/64 ]----
<+szubaark>	Exited all Long ES at 1232.25 --> - 0.75 «« paper »»
	Shorts ES @ 1232.25 «« paper »»
<+rickf>	exit es 1229 +1.25	10:47
	some ride :(
<+szubaark>	yeah, every tick is hard work Today	10:48
	exit stop moved to breakeven ES @ 1232.25 «« paper »»
<+rickf>	if i didn't have to leave in a few i'd have stayed short
<+szubaark>	:(
<+rickf>	grr - yep, i exit and there goes the move down i was looking for ... murphy's law	10:58
	owell. back later
* codehead_afk	is now known as codehead	11:00
<+silo>	szu is trying to steal goldbars from fortknox	11:01
	you still in ?
* +Tintin	----[ buys er @ 706.0 ]----	11:02
	----[ buys es @ 1223.25 ]----
<@NihabaAshi>	Huge drop...geeesh	11:03
<+silo>	especially er2
	past 4 minutes
* +Tintin	----[ covers er @ 707.0 +1 ]----	11:04
	----[ shorts es @ 1225.75 +2.5 ]----
<T-stop>	vn Tin	11:05
* +Tintin	: oops sorry not short but cover
<+szubaark>	Covered all Short ES at 1225.50 --> + 6.75 «« paper »»
* +Tintin	----[ buys ym @ 11236 ]----	11:06
<@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
<@NihabaAshi>	Long ER2 @ 709.40 -> small size	11:07
* +Tintin	----[ covers ym @ 11256 +20 ]----
<@NihabaAshi>	2 only
	Exited all ER2 Long @ 709.50 --> + 0.1	11:08
* +Tintin	----[ buys gc @ 769.1 ]----
<@NihabaAshi>	Long ER2 @ 709.50 -> small size	11:09
	1 only
<+szubaark>	Shorts ES @ 1225.25 «« paper »»	11:11
<@NihabaAshi>	Exited ER2 Long @ 708.50 --> - 1
<+szubaark>	Covered all Short ES at 1225.25 --> 0 «« paper »»
* +Tintin	----[ covers gc @ 700.1 +1 ]----	11:12
<@NihabaAshi>	Long ER2 @ 708.40 -> small size
	2 only
<+silo>	intuition?	11:13
<@NihabaAshi>	Exited all ER2 Long @ 708.50 --> + 0.1
<+szubaark>	real jumpy here	11:14
<@NihabaAshi>	Long ER2 @ 708.90 -> small size
	2 only
<+szubaark>	Shorts ES @ 1225 «« paper »»	11:16
<@NihabaAshi>	Exited all ER2 Long @ 709.00 --> + 0.1	11:17
	geeesh
<+szubaark>	Nice Breakeven+tick Stops.
	Covered all Short ES at 1225 --> 0 «« paper »»	11:18
	:((
* +Tintin	----[ buys cl @ 102.33 ]----	11:19
<@NihabaAshi>	Shorts ER2 @ 708.70 -> small size
	2 only
<+szubaark>	Shorts ES @ 1224 «« paper »»
	Covered all Short ES at 1225.75 --> - 1.75 «« paper »»
	that was quick..moved against me as soon as i entered	11:20
	Shorts ES @ 1225 «« paper »»
	Volatility still contracting	11:21
<@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.	11:22
<+silo>	Shorts YM @ 11249	11:23
<@NihabaAshi>	tighten trail	11:24
<+szubaark>	trend is obvious, yet Price Action still making it difficult to get in on it	11:25
	exit stop moved to breakeven ES @ 1225 «« paper »»
<@NihabaAshi>	Covered all ER2 Short @ 706.40 --> + 2.3	11:27
<+szubaark>	Nice Niha.
* +Tintin	----[ buys cl @ 111.77 avg in ]----	11:31
<+szubaark>	Weak Support Area
<+silo>	Covered all YM Short @ 11247 --> + 2
	ym didn't want to go down :(	11:32
<+szubaark>	Covered all Short ES at 1225 --> 0 «« paper »»	11:34
	Buys ES @ 1225.25 «« paper »»
	Exited all Long ES at 1228.25 --> + 3 «« paper »»
	caught that Volatility spike	11:35
* GoodMood	is now known as HopeLessTrader	11:37
* HopeLessTrader	is now known as GoodMood	11:38
* +Tintin	----[ covers cl @ 101.97 +0.20 all out ]----
<+T-stop>	n wk
* +Tintin	----[ shorts cl @ 102.09 ]----	11:40
<+silo>	wow	11:42
	what's going on
<+szubaark>	:p
	Short squeeze	11:43
<+Tintin>	nice place to short indexes here	11:44
* +Tintin	----[ shorts ym @ 11328 ]----
	----[ shorts er @ 713.4 ]----
<+szubaark>	Shorts ES @ 1231.50 «« paper »»	11:45
<+silo>	italian !!!
	wb!!!!!
<+szubaark>	Covered all Short ES at 1231.75 --> - 0.25 «« paper »»	11:49
	Buys ES @ 1232.75 «« paper »»	11:51
<+silo>	Shorts YM @ 11319	11:52
* +Tintin	----[ covers cl @ 102.9 flat ]----	11:53
<+szubaark>	Exited all Long ES at 1231.50 --> - 1.25 «« paper »»
<+Tintin>	x : 102.09
<+szubaark>	Buys ES @ 1230.25 «« paper »»	11:54
* +Tintin	----[ covers ym @ 11308 +20 ]----
<+szubaark>	Shorts ES @ 1230.25 «« paper »»
* +Tintin	----[ covers er @ 712.4 +1 ]----	11:55
<+silo>	Covered all YM Short @ 11306 --> + 13
<KN-SR>	long ES 30.50	11:58
<+KN-SR>	1.25 stop
	brb
<+szubaark>	Covered all Short ES at 1230.25 --> 0 «« paper »»	12:01
<+silo>	k gonna step away for few minutes.... time to make myself a poor man's lunch: sandwich	12:02
<+szubaark>	Buys ES @ 1231 «« paper »»	12:03
<Baxwill1>	tintin, may I ask your stoploss on er and ym?	12:04
<+Tintin>	Bax, i only use crash stop for indexes 10 er points and ym 100 points in case of, but if price action not in may favour i exit immediatly before my crash stops levels	12:05
<+Baxwill1>	thks
	bigger than mine :)	12:06
<+szubaark>	Buys ES @ 1233 «« paper »»
<@NihabaAshi>	Long ER2 @ 715.00 -> small size	12:07
	2 only
	entry problem :(
<+szubaark>	exit stop moved to breakeven ES @ 1233 «« paper »»
<@NihabaAshi>	Exited all ER2 Long @ 715.20 --> + 0.2	12:08
	2 only on that trade
<+szubaark>	Exited all Long ES at 1233 --> 0 «« paper »»	12:10
	Shorts ES @ 1233 «« paper »»
	exit stop moved to breakeven ES @ 1233 «« paper »»	12:20
	Covered all Short ES at 1233 --> 0 «« paper »»	12:21
	Shorts ES @ 1232.50 «« paper »»	12:24
* +Tintin	: lunchtime ...
<@NihabaAshi>	Shorts ER2 @ 714.40 -> small size	12:27
	2 only
<breakout>	<breakout> lolly u have date fannie freddie get removed sp
	<lolly4> today
<+szubaark>	we are in that Prior Chop Zone from this morning :(	12:29
<@NihabaAshi>	thanks szu	12:30
	I'm about to go to lunch and my trade starting to look ill advised :(
<+breakout>	716.1 is key er fwitw	12:31
	was 300 lot into close
<@NihabaAshi>	Covered all ER2 Short @ 515.30 --> + 199.1
<+szubaark>	Covered all Short ES at 1232.50 --> 0 «« paper »»
<@NihabaAshi>	ooops
<+breakout>	anyone got new symbol for er
<@NihabaAshi>	Covered all ER2 Short @ 715.30 --> - 0.9	12:32
<+breakout>	being delisted
	couldnt get for dec
<@NihabaAshi>	Some brokers should soon be using TF I think
	Shorts ER2 @ 715.40 -> small size	12:33
<+breakout>	<breakout> bac bad news	12:35
	<breakout> more loss expect
<@NihabaAshi>	2 only
	Covered all ER2 Short @ 716.30 --> - 0.9	12:36
<+szubaark>	Buys ES @ 1234 «« paper »»
	will need Volatility breakout to give me breathing room on my Stop,otherwise its just another chaser	12:37
	Exited all Long ES at 1234 --> 0 «« paper »»	12:39
	Shorts ES @ 1234 «« paper »»
	Covered all Short ES at 1235 --> - 1 «« paper »»	12:40
	Buys ES @ 1235 «« paper »»
<@NihabaAshi>	Long ER2 @ 716.70 -> small size	12:41
	2 only
<+szubaark>	Exited all Long ES at 1233.75 --> - 1.25 «« paper »»	12:44
	Shorts ES @ 1233.75 «« paper »»
<+silo>	Shorts YM @ 11323	12:45
<@NihabaAshi>	Exited ER2 Long @ 715.80 --> - 0.9	12:47
	Reverse and Enter Short ER2 @ 715.80
<+silo>	Covered all YM Short @ 11304 --> + 19	12:48
	7 winners out of 8 trades :)
<+szubaark>	nice	12:49
<+silo>	freaking lucky day today
<+Baxwill1>	Silo, not luck in this game	12:50
	Pure talent
<+silo>	we'll see if my streak goes on
	i went back live yesterday
	had to fix 2 things
<+Baxwill1>	You better check into that 8th trade
<+silo>	i was overtrading... that was one problem before	12:51
<+Nesi>	i have that problem too
<+silo>	another thing was... before i would let one trade go against me by a lot... lose a lot on one trade... then immediately after that i will just lsoe my composure.. and try to use my full size to go in and out trying to catch that breakout trade to make money back
	and then lose big for the day because of the chop
	even if i did catch the breakout	12:52
	but the full size in and out amidst the chop had already done the damage
<+Baxwill1>	sounds like u been watching me
<+silo>	but i think i've fixed these two problems now
	by using stops that automatically sets itself when i initiate a trade
	so when i click a buy or sell button to get into a trade... it automatically sets the hard stop for me.... so i have no option NOT to follow it	12:53
	that solved the problem for me
	only second day after the tweak though
	so we'll see
<+Baxwill1>	what size stop u using on YM ?	12:54
<+silo>	15 pts
	i trade 2 contracts only
	so that's 150 bucks stop loss	12:55
<+Baxwill1>	at $5 per point ?
<+silo>	ym is 5 bucks a point yeah
<@NihabaAshi>	tighten trail	12:56
<+Baxwill1>	ok, for both contracts, $150	12:57
<+rickf>	back
<+silo>	$150 bucks stop loss... for my 2 contract trades
	not 150 bucks for each contract
<@NihabaAshi>	Covered all ER2 Short @ 715.70 --> + 0.1
	geeesh...that's the 4th +0.1 tick trade today for me.	12:58
<+szubaark>	think i had 10+ Breakeven trades so far
<+rickf>	i'm just positive for the day myself - i got greedy this morning and moved my limit orders too far, and the pos reversed on me. lesson learned	13:06
<@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
<+szubaark>	exit stop moved to breakeven ES @ 1233.75 «« paper »»	13:11
<+ArcTrader>	Shorts YM @ 11290
<+rickf>	short es 1229.75
<+szubaark>	Covered all Short ES at 1231.25 --> + 2.5 «« paper »»	13:20
<+rickf>	wtg	13:21
<+szubaark>	thnx
	Buys ES @ 1232 «« paper »»	13:26
<@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.	13:28
<+ArcTrader>	Covered all YM Short @ 11311 --> - 21	13:34
<+szubaark>	Exited all Long ES at 1232 --> 0 «« paper »»
	Buys ES @ 1234 «« paper »»	13:37
<+rickf>	out at 33.75 -3
<+Nesi>	:/
<+szubaark>	Volatility picking up
<estrader1>	short es 34.25	13:38
<+rickf>	long es 1234.75
<+estrader1>	OUT 35.5
<+szubaark>	Intraday Highs should be next	13:39
	exit stop moved to breakeven ES @ 1234 «« paper »»
<+estrader1>	short 35	13:42
<+Nesi>	Shorts ER2 @ 716.10 -> Add
<+rickf>	exit es 35 +.25
<+szubaark>	Exited all Long ES at 1234 --> 0 «« paper »»	13:43
	Shorts ES @ 1234 «« paper »»
	trade error
	Covered all Short ES at 1235.25 --> - 1.25 «« paper »»
	Buys ES @ 1235.25 «« paper »»
<+estrader1>	posting trades and trading not easy,hats off to those that do it all the time ,ty much	13:44
<+Nesi>	Niha is the master of posting traders, really amazing
<+rickf>	helps when it's automated, sucks when we have to do it manually	13:45
<+estrader1>	yes
<+Nesi>	Shorts ER2 @ 715.00 -> Add	13:46
<+estrader1>	1/2 off 33.5 +1.5
	b/e 35 on rest
<+szubaark>	Exited all Long ES at 1233 --> - 2.25 «« paper »»	13:47
	:((
<+Nesi>	700 ER my tgt :)
<+rickf>	welcome to my world szu :(
<+szubaark>	Buys ES @ 1233.50 «« paper »»
	yea trying too hard to go Plus for day	13:49
* +Tintin	: back
<+szubaark>	lots of Choppy consolidation today
<+Nesi>	Shorts ER2 @ 714.50 -> Add
	LAST add
	anyone here lives in Florida?	13:50
<palmer>	use to live in south fl
<+Nesi>	i live in Sunny Isles
<+palmer>	was living in pembroke pines	13:51
<+rickf>	grew up in ft lauderdale
<+Nesi>	north of me
	hey Rickf :)
<+rickf>	i remember when pem pines was indian reservation and cows grazed west of 441
<+Nesi>	hmm, i wont ask how old are u..hehe	13:52
<+szubaark>	Exited all Long ES at 1232 --> - 1.5 «« paper »»
	Shorts ES @ 1232 «« paper »»
<+rickf>	short es 1231.50 sm sz
	intuition
<+estrader1>	out rest 32 +3	13:53
<+silo>	Long YM @ 11306	13:55
<+rickf>	out 33 -1.5	13:56
<+Nesi>	:/	13:57
	good stop tho
<+rickf>	no more intuition - 9/10 times that's a countertrend trade and i will grt burned
<+Nesi>	what kind of trades do you take, rick	13:58
<+rickf>	es
<+silo>	Exited all YM Long @ 11290 --> - 16	13:59
	stop hit
<+rickf>	oh - sorry....trend trades mostly. try not to pick tops/bottoms
<+Nesi>	thanks rick	14:01
<+rickf>	:)
<+szubaark>	this a tough, choppy 5pt area on ES	14:03
<+rickf>	ya no kidding
<+estrader1>	yes
<+rickf>	sure is stay-out tape
<+szubaark>	courtesy of your local broker :)
<+Nesi>	yup, i am short tho
	too much heat for me today	14:04
<+szubaark>	broker need to get paid too
<+rickf>	short from 1230 might be good -- if we ever drop, that is
<+szubaark>	Covered all Short ES at 1232 --> 0 «« paper »»
<+Nesi>	getting some pressure now
	we will see
<+szubaark>	will watch this chop crap for a while
<@NihabaAshi>	Shorts ER2 @ 714.10 -> small size	14:05
	3 only
<+rickf>	short es 1231 sm sz
	nm - didn't fire	14:06
	flat
<@NihabaAshi>	Covered all ER2 Short @ 714.70 --> - 0.6	14:07
<+Nesi>	what a chopparola
<@NihabaAshi>	volatility trying hard to increase	14:08
<+szubaark>	Buys ES @ 1233 «« paper »»
<@NihabaAshi>	Long ER2 @ 714.90 -> small size	14:09
	3 only
<+szubaark>	we've been in this Chop Range since 11:40 am Eastern	14:10
<@NihabaAshi>	geeesh
<+Nesi>	big time
<+rickf>	i'm not buying this
	tempting but no
<+Nesi>	no mojo	14:11
<+szubaark>	moving Stop just to be safe
	exit stop moved to breakeven ES @ 1233 «« paper »»
<@NihabaAshi>	tight trail	14:12
	Exited all ER2 Long @ 716.30 --> + 1.4
<+silo>	Long YM @ 11354	14:15
<+rickf>	long es 1237.75 sm sz
<+szubaark>	now the whole world is getting Long :)	14:16
<+rickf>	exit es 39.75 +2
	feel better now
<+szubaark>	nice
<+rickf>	thx
<+Nesi>	good one, rick
<+rickf>	thx nesi
<@NihabaAshi>	Long ER2 @ 719.90 -> medium size	14:19
	chasing
	4 only
	722.00 would be a big surprise to me if it got there	14:20
<+silo>	Exited all YM Long @ 1353 --> - 10001
	-1
<@NihabaAshi>	weak resistance area ER2	14:21
	tighten trail
<+silo>	Long YM @ 11362	14:23
	trying second time
	Exited all YM Long @ 11348 --> - 14	14:25
<+rickf>	long es 1240 sm sz
<futurible>	Shorts ER2 @ 720.50 «« paper »»	14:26
<+szubaark>	Exited all Long ES at 1239.50 --> + 6.5 «« paper »»
<+futurible>	Covered 1/2 ER2 Short @ 719.40 --> + 1.1 «« paper »»	14:27
<@NihabaAshi>	Exited all ER2 Long @ 720.20 --> + 0.3
<+futurible>	Covered Remainder ER2 Short @ 720.30 --> + 0.2 «« paper »»	14:28
	Long ER2 @ 720.50 «« paper »»	14:30
	Exited all ER2 Long @ 720.60 --> + 0.1 «« paper »»	14:31
<Guest>	Exited all ER2 Long @ 720.7 --> + 11.3 «« paper »»	14:32
<+szubaark>	Buys ES @ 1241.75 «« paper »»	14:33
<@NihabaAshi>	Long ER2 @ 722.00 -> medium size
	4 only
<+rickf>	exit es 1242 +2	14:34
<+szubaark>	Exited all Long ES at 1242 --> + 0.25 «« paper »»	14:35
	CHASING
<+futurible>	Shorts ER2 @ 721.70 «« paper »»	14:36
<@NihabaAshi>	Exited all ER2 Long @ 722.20 --> + 0.2
	I didn't expect much out of that	14:37
<+rickf>	some days are 2-tick trades :(	14:38
<@NihabaAshi>	Most of my trades I go in with the goal of catching "points"...not ticks.	14:40
<+rickf>	me too
<@NihabaAshi>	However, if the market doesn't agree...will take a few ticks.
<+rickf>	tick-trades suck.....though better than losing money after commish
<+futurible>	Covered 1/2 ER2 Short @ 720.60 --> + 1.1 «« paper »»	14:41
<+rickf>	es looking tired	14:42
<+futurible>	Covered Remainder ER2 Short @ 721.50 --> + 0.2 «« paper »»	14:44
<@NihabaAshi>	Shorts ER2 @ 721.10 -> small size	14:45
	2 only
<+futurible>	Long ER2 @ 721.40 «« paper »»	14:46
<@NihabaAshi>	Covered all ER2 Short @ 721.40 --> - 0.3
	Long ER2 @ 721.50 -> small size	14:48
	2 only
<+rickf>	(just thinking) .... a short around 1240 might work	14:51
	thinking out loud
<@NihabaAshi>	Exited all ER2 Long @ 721.20 --> - 0.3
<+futurible>	Exited all ER2 Long @ 721.40 --> 0 «« paper »»	14:52
<@NihabaAshi>	Shorts ER2 @ 719.90 -> small size	14:54
	3 only
<+estrader1>	are any of you guys students of thestrategylab?	14:56
<+rickf>	nope
<@NihabaAshi>	Discussion not allowed in here...it's a SPAM FREE room
<+estrader1>	ok
<@NihabaAshi>	Thus, send me a pm if you have any questions and I'll point you to the individuals (references)...good and bad.	14:57
<+estrader1>	ok,ty
<+rickf>	btw niha TSL got mentioned on an ET thread last night - person praised it for a great signal-noise ratio
<@NihabaAshi>	Covered all ER2 Short @ 719.00 --> + 0.9	14:58
	Yeah and I asked a moderator to remove it because he posted the website only as if it was a free site which is misleading.
	He should have just mentioned #FuturesTrades on IRC	14:59
	That's it
<+rickf>	yup
<@NihabaAshi>	Don't need any shill accusaations :)
<+rickf>	;pmg es 1241	15:07
	long 1241
<@NihabaAshi>	Shorts ER2 @ 720.10 -> small size	15:08
	1 only
	Covered ER2 Short @ 718.50 --> + 1.6	15:11
<+rickf>	rev now short es 1238.25
<+szubaark>	Buys ES @ 1239.75 «« paper »»	15:12
<+futurible>	Shorts ER2 @ 719.20 «« paper »»	15:14
<+szubaark>	exit stop moved to breakeven ES @ 1239.75 «« paper »»	15:15
<+futurible>	Covered all ER2 Short @ 720.20 --> - 1 «« paper »»
<+szubaark>	tightening Stop
<+rickf>	rev long es 1242.50 reg sz	15:16
<@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
<+szubaark>	exit stop set ES @ 1241 «« paper »»	15:17
	Weak Resistance Area
<+rickf>	exit es 43.25 +1	15:19
<+szubaark>	Exited all Long ES at 1242.50 --> + 2.75 «« paper »»	15:20
<+futurible>	Shorts ER2 @ 720.60 «« paper »»
	Covered all ER2 Short @ 720.60 --> 0 «« paper »»	15:23
	Shorts ER2 @ 720.00 «« paper »»	15:27
<+rickf>	short es 1240.25
<+szubaark>	Shorts ES @ 1239.75 «« paper »»
	tightening Stop
	exit stop moved to breakeven ES @ 1239.75 «« paper »»
<+rickf>	exit es 38.25 +2
<+szubaark>	Covered all Short ES at 1239.75 --> 0 «« paper »»	15:28
<+futurible>	Covered all ER2 Short @ 720.20 --> - 0.2 «« paper »»
<+szubaark>	Shorts ES @ 1239 «« paper »»	15:29
<+futurible>	Long ER2 @ 720.00 «« paper »»	15:30
<@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.	15:31
<+szubaark>	Covered all Short ES at 1240.50 --> - 1.5 «« paper »»	15:32
<+futurible>	Exited 1/2 ER2 Long @ 720.50 --> + 0.5 «« paper »»	15:33
<+szubaark>	Shorts ES @ 1239.75 «« paper »»
<+futurible>	Exited Remainder ER2 Long @ 720.30 --> + 0.3 «« paper »»
<@NihabaAshi>	Shorts ER2 @ 719.90 -> small size	15:37
	2 only
<+rickf>	nice entry szu
<+szubaark>	thnx
	exit stop moved to breakeven ES @ 1239 «« paper »»
<+futurible>	Long ER2 @ 718.80 «« paper »»	15:38
<@NihabaAshi>	tighten trail
<+szubaark>	Selling pressure coming in	15:39
<+futurible>	Exited all ER2 Long @ 717.80 --> - 1 «« paper »»
<@NihabaAshi>	Covered 1/2 ER2 Short @ 717.00 --> + 2.9	15:40
	Holding 1 contract remainder
<+szubaark>	Covered all Short ES at 1234.50 --> + 5.25 «« paper »»
<@NihabaAshi>	tighten trail	15:43
	Covered Remainder ER2 Short @ 718.00 --> + 1.9
	Shorts ER2 @ 717.60 -> small size	15:44
	1 only
<+futurible>	Shorts ER2 @ 717.00 «« paper »»
<@NihabaAshi>	tighten trail
	Covered ER2 Short @ 717.50 --> + 0.1
	:(	15:45
<+futurible>	Covered all ER2 Short @ 717.80 --> - 0.8 «« paper »»
<@NihabaAshi>	I'm done...will just sit here and document a possible "rush hour traffic" price action.
<+szubaark>	You reached your Profit Target Goal for the day?
<oaktree>	no trades today. signals did not line up. bye.	15:51
<+futurible>	Long ER2 @ 718.40 «« paper »»
	Exited 2/3 ER2 Long @ 719.50 --> + 1.1 «« paper »»	15:52
	Exited Remainder ER2 Long @ 718.60 --> + 0.2 «« paper »»	15:53
	gn all	15:54
<@NihabaAshi>	Rollover day tomorrow	15:59
<+rickf>	already? sheesh	16:00
<+szubaark>	After 2pm Volatility picked up and we broke out of the 5pt Chop Congestion zone	16:02
<+rickf>	ok guys - good trading, see you tomorrow	16:03
* +Tintin	: bye all	16:14
<@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.	17:37
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.

Sincerely,

M.A. Perry and Associates

TheStrategyLab.com

 questions@thestrategylab.com

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