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#FuturesTrades September 12th Friday 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.

Simply, my job is to keep the peace and ensure #FuturesTrades is a useful community of traders from around the world that have gather in a virtual trading office.

In addition, I personally 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. To maintain the usefulness of the below chat log, all of my trades were posted in real-time within 5 seconds after entry or exit unless otherwise noted in the log.

To read behind the scenes details about my trades posted below such as explanation of 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). However, some of my trades are intuition via market experience in combo with many concepts from my rule based methodology.

My own current performance record and broker profit/loss statement is posted at the bottom of today's log.

With that said, today's trade posting chat log is below and it contains trades posted in real-time by #FuturesTrades members including all of my own trades that were posted in real-time.

Last of all, 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 12 04:08:42 2008Session Ident: #futurestrades

* Now talking in #futurestrades 04:08

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

<@NihabaAshi> Good morning all 09:02

<T-stop> gm

<+rickf> gm

<@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. 09:03

<Alturus> gm 09:05

* Awash_afk is now known as Awash 09:08

<+rickf> short es 1239.25 09:15

<Bambam-77> new russel symbol is RUT in ib and its symbol is TFZ8 09:17

<ripsboy> gm all... 09:18

<ArcTrader> gm

<KN-SR> 41.25 nxt 09:25

<+T-stop> tks Bam

<+KN-SR> 45.75 . next ........ may have a quic drop if breaks 35.75 09:26

quick

anyway, good trading everyone.......

<+T-stop> tks KN, same to ya 09:27

<futurible> gm all

<+KN-SR> actually short looks really good below 35.75 :) 09:28

and long over 45.75 . 09:29

i guss..

gl

<Awash> good morning all 09:35

<PapaJon> gm all 09:36

<nqcruiser> Apart from Ninjatrader, is there any other free product out there?? 09:37

<+rickf> exit es 1237 +2.25 09:38

<+futurible> QuoteTracker;nq

<silo> quotetracker?

<+futurible> www.QuoteTracker.com 09:39

<werner> gm all

<+rickf> hi werner

<+werner> hi rickf 09:40

<pat255> gm 09:42

<@NihabaAshi> Long ES @ 1239.75 -> medium size 09:43

4 only

* Kalle [ short ES @ 41.25 small ] 09:44

<szubaark> Buys ES @ 1240.75 «« paper »» 09:45

<@NihabaAshi> Exited all ES Long @ 1240.25 --> + 0.5

* +Kalle [ out ES @ 39.0 +2.25 ] 09:46

<+pat255> vn guys

<+silo> Shorts YM @ 11310 09:47

* +Kalle [ out ES @ 38.25 +3.0 ] 09:48

<+rickf> short es 1238.25

<+silo> Covered all YM Short @ 11286 --> + 24 09:49

<+rickf> exit es 1236.25 +2

profits hit 09:50

* +Kalle [ flat ES @ 36.0 +5.25 ]

<+szubaark> Exited all Long ES at 1234.50 --> - 6.25 «« paper »» 09:51

:((

Shorts ES @ 1234.50 «« paper »»

geez in a hole already

<+KN-SR> we should see 39.25 again.... i guess 09:52

http://www.youtube.com/watch?v=ZZMTNfxPq 7M&feature=related 09:53

gl eveyone

<+Alturus> thnx KN

if it goes above 39.25 we can see an upside?

<+szubaark> this is just CHOP 09:54

<+KN-SR> we are in a down trend as long as its below 45

<+Alturus> k thanks

<oaktree> Long SPY @ buy spy 124.15

<@NihabaAshi> Long ES @ 1237.75 -> large size

<+rickf> going to lurk today - profits hit, going to be testing some new s/w and running errands

<+KN-SR> we got to cross 45 to be in a uptrend ....... if does 53.25 should be next and 49.25 is a mild res

<+szubaark> Covered all Short ES at 1240 --> - 5.5 «« paper »» 09:55

DAMN

Buys ES @ 1240 «« paper »»

<+rickf> :(

<+szubaark> 'what a frikin start

frikin whipsaws

<+rickf> damn kn that's catchy music 09:56

<+KN-SR> :)

its a remix

<@NihabaAshi> Exited ES Long @ 1241.25 --> + 3.5

Holding 2 contracts remainder

<+KN-SR> original one is nice too...... era / ameno

http://www.youtube.com/watch?v=6SvxaNQ6d 7M&feature=related

and i like this version better ........:) 09:57

http://www.youtube.com/watch?v=NXsyRAPU8 g0&feature=related

<@NihabaAshi> Exited Remainder ES Long @ 1239.00 --> + 1.25

:(

trail looks like it was too tight 09:58

<+silo> Shorts YM @ 11307 09:59

<+rickf> short es 1238.50 sm sz 10:00

<+oaktree> buy qqqq calls long swing 10:01

<+silo> Covered all YM Short @ 11289 --> + 18

<@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.

<+rickf> exit es 37.50 +1 10:03

<anglo> gm all 10:04

<@NihabaAshi> Long ES @ 1241.00 -> small size 10:05

3 only

<+KN-SR> looks like all the planets are in line

<+silo> missed this long

hesitated :(

<@NihabaAshi> tight trail

<+KN-SR> we are now in a uptreand 10:06

41.75 should be a nice place to enter long with 1.25 stop

:) 10:07

<+Alturus> thanks =)

<+rickf> target being ultimately ... 50 or so?

<@NihabaAshi> tighten trail more

<+KN-SR> 53.25

<+rickf> ok i'm reading the same thing you are :)

<+KN-SR> will take time and complet course of metal toruture .. 10:08

watch for 45+ 49+ area

<@NihabaAshi> Exited all ES Long @ 1242.50 --> + 1.5

<+KN-SR> nice

<+nqcruiser> KN r u on ES buddy. thanx ffor your commentary

<+KN-SR> :)

np

<+Alturus> mental torture lol =]

<+KN-SR> its a trend changing area......we need to get bid ask vol adjusted to have a ride up 10:09

<+rickf> traders = intellectual masochists

<+KN-SR> ppl are not really quick realizing losses.....they wait till the last moment.......till the last dime

<+rickf> i'd rather cut the loss, calm down, and re-evaluate. painful, but safer imho 10:10

<+KN-SR> :)

u r in the 2% of traders

anyway, its late here... need to to to bed. see u all next time 10:11

<+rickf> lol...thx

<+KN-SR> :)

<+T-stop> tks

<+silo> Long YM @ 11318 10:13

traiL: breakeven+1 10:15

Exited all YM Long @ 11319 --> + 1

<+szubaark> exit stop moved to breakeven ES @ 1240 «« paper »»

<+silo> darn it 10:16

:D

<+AndyP> Shorts ES @ 1243.5 «« paper »» 10:17

<palmer> out 1.5 10:21

<+AndyP> Covered all ES Short @ 1242.50 --> + 1 «« paper »»

<+oaktree> Exited all SPY Long @ sell qqqq 124.78 --> + sell qqqq 124.78 - buy spy 124.15 10:22

* Tintin : hi all 10:30

<+rickf> hi 10:31

* +Tintin ----[ buys cl @ 102.28 ]---- 10:36

<+rickf> long es 1244.50 10:41

exit es 1246.75 +2.25 10:43

<+szubaark> nice rick 10:45

<+rickf> ty szu

base hit :)

i'd love to have a system that dumps most of the pos @ my target, then sets a b/e stop at that point, so let the rest ride higher....but unfortunately that's beyond the scope of the OEC trader. ah well 10:47

<+szubaark> yea u'll need to find better order platform 10:48

<+rickf> i can't complain tho -- everything else pretty much is all i need

<breakout> u have ib rick 10:49

<+rickf> open ecrhy

ecry

<+breakout> if u do look at buttontrader.com

<+silo> Shorts YM @ 11356

<+breakout> i dont have but looked at it look vg but not cheap

<+szubaark> Exited all Long ES at 1245 --> + 5 «« paper »» 10:50

<+silo> Covered all YM Short @ 11366 --> - 10 10:51

<+rickf> meh - i'll live

:)

<+silo> Shorts YM @ 11356 10:52

second try

if this one doesn't work out

<+szubaark> Shorts ES @ 1245 «« paper »»

<+silo> i'm gonna sit out from this price action until we trade away from it

<@NihabaAshi> Shorts ES @ 1244.75 -> small size 10:55

2 only

<+szubaark> extremely dangerous low Volatility 10:57

<@NihabaAshi> Yeah...it's kind'uv dead the volatility :(

Most likely will prompt me to take an early lunch 10:58

* codehead_afk is now known as codehead

<@NihabaAshi> tighten trail

<+szubaark> they could just creep this higher til gap close, then its gonna be a LONG DAY 10:59

<+silo> Covered all YM Short @ 11356 --> 0

<@NihabaAshi> Covered ES Short @ 1245.75 --> - 1

Reverse and Enter Long ES @ 1245.75

<+silo> Long YM @ 11358

<+szubaark> Covered all Short ES at 1246.75 --> - 1.75 «« paper »» 11:00

Buys ES @ 1248.25 «« paper »»

<+silo> Exited 1/2 YM Long @ 11384 --> + 26 11:01

<@NihabaAshi> Exited all ES Long @ 1249.00 --> + 3.25

<+szubaark> im chasing :( probobly will come back to my entry

<@NihabaAshi> sidelined...

<+silo> gonna see if the other indexes will fill the gap too

<@NihabaAshi> Will just watch because that Short could have been a disaster had I not had a bullish bias along with having second doubts about the short.

<+szubaark> Exited all Long ES at 1248 --> - 0.25 «« paper »» 11:02

Shorts ES @ 1247.75 «« paper »»

just another Creeper Uptrend :(( 11:04

<+silo> trailing stop at 11358 11:06

<+silo> hope it doesn't get hit

:)

<+szubaark> 9 out of 10 it will

<+silo> exit stop set YM @ 11358 11:07

<@NihabaAshi> Shorts ES @ 1246.75 -> small size

1 only

After I complete this trade...I go to lunch

Covered ES Short @ 1247.75 --> - 1 11:08

* NihabaAshi is now known as NihabaAshi_lunch

<+szubaark> Covered all Short ES at 1247.75 --> 0 «« paper »» 11:09

Shorts ES @ 1247.25 «« paper »» 11:11

Covered all Short ES at 1248.25 --> - 1 «« paper »»

Shorts ES @ 1248.75 «« paper »» 11:12

Covered all Short ES at 1249.75 --> - 1 «« paper »» 11:14

<+rickf> still looking long

<+szubaark> Buys ES @ 1250.75 «« paper »» 11:15

<+Awash> Shorts ES @ 1251

<+szubaark> exit stop moved to breakeven ES @ 1250.75 «« paper »» 11:16

<+silo> Exited Remainder YM Long @ 11420 --> + 62

<+szubaark> nice

<+rickf> now i'd be out :)

nice silo, szu 11:17

<+silo> daily target reached

:D

by 35 bucks only though :D

retracement coming soon i believe 11:19

<+szubaark> we've had enough retracements creeping higher

<+rickf> ok i'm off for lunch and errands ... back later 11:21

<+T-stop> at that 53 area KN mentioned 11:22

fwiw

<+silo> that's yesterday's high :) 11:24

<@X> #FuturesTrades Info -> No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended without their permission.
More info at http://www.thestrategylab.com/FuturesTradesChatRoom.htm

* +Tintin ----[ shorts es @ 1256.00 ]---- 11:26

----[ shorts ym @ 11454 ]----

----[ shorts er @ 724.0 ]----

----[ covers er @ 722.0 +2 ]---- 11:27

----[ covers es @ +1254.00 +2 ]---- 11:29

<+Awash> nice positions Tintin

<+T-stop> nice wk

* +Tintin ----[ covers ym @ 11434 +20 ]---- 11:30

<+szubaark> Exited all Long ES at 1251 --> + 0.25 «« paper »» 11:32

Shorts ES @ 1251.75 «« paper »» 11:33

<futurible1> Exited 1/2 ES Long @ 1250.00 --> + 1 «« paper »» 11:45

<+oaktree> Shorts SPY @ sell spy 125.46

<pdays> Shorts YM @ 11421

<+futurible1> Exited Remainder ES Long @ 1249.25 --> + 0.25 «« paper »»

<+pdays> Covered all YM Short @ 11410 --> + 11 11:46

<+futurible1> Shorts ES @ 1249.00 «« paper »» 11:51

* +Tintin : need to go ... have all a nice WE ... bye 11:57

<+T-stop> cya same to ya 11:58

<Dokebilee> good afternoon everyone :D 12:01

<futurible> Shorts ES @ 1248.00 «« paper »» 12:11

<+szubaark> Covered all Short ES at 1250.75 --> + 1 «« paper »» 12:17

Buys ES @ 1251 «« paper »» 12:18

* NihabaAshi_lunch is now known as NihabaAshi 12:20

<+szubaark> exit stop set ES @ 1251.25 «« paper »»

<@NihabaAshi> Long ES @ 1251.75 -> small size

2 only

<+szubaark> Exited all Long ES at 1251.25 --> + 0.25 «« paper »» 12:21

<@NihabaAshi> Looks like I came back and volatility is still dead...at least since 1135am est 12:22

<+szubaark> Shorts ES @ 1251.50 «« paper »»

<@NihabaAshi> Will take another break from trading after I close this position...maybe when I return it's more active

<+szubaark> Covered all Short ES at 1251.50 --> 0 «« paper »» 12:23

<@NihabaAshi> Exited all ES Long @ 1251.25 --> - 0.5 12:24

be back later

* NihabaAshi is now known as NihabaAshi_away

<+szubaark> Shorts ES @ 1248.50 «« paper »» 12:25

<+Dokebilee> Long ES @ 1249.00 «« paper »» 12:28

brb 12:29

how are you doing today szu? 12:35

<+szubaark> Down so far, got whacked at Opening 2 trades on those whipsaws for -6 Points ouch

<+Dokebilee> damn

<+szubaark> need to Stop trading those opening minutes.. its just gamble

<+oaktree> cover spy 125.26-too choppy 12:36

<+Dokebilee> made +2.00 in my first trade for the day :D

<+szubaark> nice

<+Dokebilee> planning to go live around october or november, any recommendation on a good futures broker? 12:39

low commission and $500 contracts 12:40

<estrader1> do not think we can speak on brokers here says no spam

<+szubaark> Interactive Brokers

<+Dokebilee> not spamming

<+estrader1> ok

<+szubaark> spamming if u trying to sell something 12:41

<+estrader1> global futures w/ninja as platform is good

<+Dokebilee> asking a trading related question

<+estrader1> 3.8round trip

<+Dokebilee> how much for ES contracts?

<+estrader1> and 500$ per car

<+Dokebilee> sweet

i'll take a look at it

thanks :) 12:42

<+estrader1> ninja 50$ month

<+Dokebilee> yea, I'm using ninja for paper

<+estrader1> global also has platforms

<+Dokebilee> using ninja/footprint

<+estrader1> ok

<+Dokebilee> not that I am limited, I will also take a look at global's platform 12:43

how are you doing today so far estrader? 12:44

<+estrader1> ok,3 trades 2 stops 12:45

<+szubaark> that upmove was very tight with deep pullbacks, they made sure nobody gets on it

exit stop set ES @ 1248.25 «« paper »» 12:46

* NihabaAshi_away is now known as NihabaAshi 12:47

<+szubaark> Niha u missed this Volatility spike out of the Congestion Chop Zone we had when u left

<@NihabaAshi> That's ok...there's always others :) 12:48

<+szubaark> :) 12:50

<+Dokebilee> Long ES @ 1244.00 -> Add «« paper »»

averaging

<+szubaark> :(

<+Dokebilee> this is what I get for not adding a stop loss :P 12:56

<+oaktree> add to qqq calls 12:57

<+Dokebilee> lunch is over, come on take it back up :O 13:01

<+Awash> :) 13:02

i want us to go lower

<+Dokebilee> there we go..

<+Awash> i'm watching 13:04

<LP> cme's s&P 400 emdz08 doing 14,000..and s@p 600 smc08 doing 86 contracts, so ice may have done it will see 13:08

<+LP> or everbody is done with the russell ;) 13:10

<+szubaark> Covered all Short ES at 1243.25 --> + 5.25 «« paper »»

Shorts ES @ 1241.50 «« paper »» 13:11

<@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. 13:12

<+szubaark> Covered all Short ES at 1241.50 --> 0 «« paper »» 13:13

<+rickf> back 13:22

<+szubaark> Shorts ES @ 1242.50 «« paper »»

<+Dokebilee> still holding onto longs 13:24

huge above ask on t&s

come on Q_Q

woot 13:26

come on, just 1 more tick 13:28

WOOT

Exited all ES Long @ 1246.50 --> 0 «« paper »» 13:29

whew >.>

Long ES @ 1246.25 «« paper »» 13:30

<+Awash> Covered all ES Short @ 1247 --> + 4

<+silo> Shorts YM @ 11358 13:31

battle going on here 13:36

:)

lots of sellers though

<+rickf> option trade - just opened a 630/640/800/810 IC on the Oct RUT for 1.80

<+silo> Covered 1/2 YM Short @ 11130 --> + 228 13:37

+28

Covered 1/2 YM Short @ 11329 --> + 29 13:39

<+rickf> wtg

<+Dokebilee> :D

<+silo> my bad 13:40

that hsould be remaining

not another 1/2

<+rickf> short es 1244

<futurible> Shorts ES @ 1243.50 «« paper »» 13:41

<+silo> Covered Remainder YM Short @ blah --> + 11358 - blah 13:42

previous 1/2 should be remainder.... just want to make sure it doesn't mess up my future trades 13:43

<+Dokebilee> still holding onto long

<codehead> crude 100.300

<+futurible> Covered all ES Short @ 1245.25 --> - 1.75 «« paper »» 13:44

<+Dokebilee> here weeee goooo

<+szubaark> Covered all Short ES at 1247.75 --> - 5.25 «« paper »»

Buys ES @ 1247.75 «« paper »»

<+rickf> out at 46 -2

<+codehead> 100.200 oil

<+szubaark> Exited all Long ES at 1246.25 --> - 1.5 «« paper »» 13:46

hahah..fakeout

Shorts ES @ 1246 «« paper »»

TANK!!!!

<+codehead> WM hod

big volume

oil 100.125 13:47

could pop indices a bit

<+rickf> long es 47.25

<+szubaark> Covered all Short ES at 1248.25 --> - 2.25 «« paper »»

GEZZZZZZZZZZZZZ

Buys ES @ 1248.25 «« paper »»

<+codehead> LEh coming off lod as well

<+rickf> 47.50 correction

<+szubaark> widening Stops

<+codehead> 100.100 QM 13:48

<+szubaark> this is crap

Exited all Long ES at 1246 --> - 2.25 «« paper »» 13:49

Shorts ES @ 1246 «« paper »»

WHIPSAWSSSSSSS

<+Dokebilee> still holding :D

<+codehead> 100.025...

<@NihabaAshi> Long ES @ 1248.00 -> small size 13:51

2 only

<+Dokebilee> large above ask

<@NihabaAshi> Yeah..those large size above the ask were my 2 contracts :)

<+szubaark> Covered all Short ES at 1248.75 --> - 2.75 «« paper »»

:(((((((

<+Dokebilee> :( 13:52

<+szubaark> Buys ES @ 1248.75 «« paper »»

this sucks

<+Dokebilee> ooooh yea :D 13:53

<+rickf> exit es 49.50 +2

<@NihabaAshi> Exited all ES Long @ 1250.50 --> + 2.5 13:54

<+Dokebilee> Exited all ES Long @ 1249.00 --> + 2.75 «« paper »»

Long ES @ 1248.75 «« paper »» 13:56

<Nesi> Shorts ER2 @ 718.40 13:57

<+Nesi> hard stop 719 set

one contract

<+Dokebilee> brb

<+szubaark> Exited all Long ES at 1249 --> + 0.25 «« paper »»

:((

Shorts ES @ 1249 «« paper »»

<+futurible> Long ES @ 1247.75 «« paper »» 14:01

Exited all ES Long @ 1245.75 --> - 2 «« paper »» 14:03

<@NihabaAshi> Shorts ES @ 1246.25 -> small size

1 only

<+szubaark> hahah.. another fakeout and whipsaw

<+rickf> short es 1245.50

<@NihabaAshi> Got a late entry (chasing)

Reduce my size to better manage the increased risk exposure

<+szubaark> got everyone thinking high of day test LOL 14:04

exit stop moved to breakeven ES @ 1249 «« paper »»

<@NihabaAshi> That 1248.00 entry I should have taken starting to look very nice :( 14:05

tighten trail 14:06

Covered ES Short @ 1246.75 --> - 0.5

<+silo> gonna make a sandwich and start a late lunch :) 14:10

<+rickf> exit es 45.50 b/e 14:11

got stupid on a counter-trend trade -- broke my own rule :(

<+oaktree> close qqqq calls position. 14:13

<+futurible> Long ES @ 1247.50 «« paper »» 14:14

<+szubaark> Covered all Short ES at 1249.25 --> - 0.25 «« paper »» 14:21

Buys ES @ 1249.25 «« paper »»

<@NihabaAshi> Long ES @ 1249.25 -> small size 14:22

1 only

<+werner> niha wy not trading tf ? 14:23

<+silo> can someone show me a TF (non-delay_ chart)? 14:24

<+szubaark> Exited all Long ES at 1248.25 --> - 1 «« paper »»

Shorts ES @ 1248.25 «« paper »»

<futurible> Exited Remainder ES Long @ 1247.75 --> + 0.25 «« paper »» 14:26

<@NihabaAshi> Exited ES Long @ 1248.50 --> - 0.75

werner...it was time for a change...

I never marry a trading instrument.

In a few years (when the kids are a little oldeer)... 14:27

I'll eventually go back to trading my favorites (DAX, CAC40, FTSE100 and EuroFX)

If Oil stays hyped by then... 14:28

I'll add CL as a day trading instrument.

Right now...CL is only a swing trading instrument

<+werner> ok :) 14:29

<+silo> what time do dax, cac, ftse, eurofx starts their trading hour? 14:30

<@NihabaAshi> Too early in the morning for this family guy.

:)

<+werner> lol ...not here

<@NihabaAshi> I'll let you single guys trade those early morning futures...I don't have the energy to get up that early. 14:32

Shorts ES @ 1245.50 -> small size

2 only

oh oh...hammer lines trying to form 14:33

<+werner> here its the same tima as germany so i can trade dax(in the future) as well as us in the evening.... 14:35

tima =time

<@NihabaAshi> Covered all ES Short @ 1246.25 --> - 0.75 14:36

<+silo> 'trading sure is tiresome 14:38

<+szubaark> only if you not making any money :( 14:39

<+silo> we sit here for 7 hours just to catch a few moves :)

<@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> I average a total of 4.5 hours per day in front of the computer

<+szubaark> Covered all Short ES at 1248 --> + 0.25 «« paper »»

or few ticks :) 14:40

<@NihabaAshi> Long ES @ 1248.25 -> small size

2 only

<+silo> i'm still looking for shorts

<@NihabaAshi> Exited all ES Long @ 1249.25 --> + 1 14:41

<+szubaark> Shorts ES @ 1248.75 «« paper »»

<+silo> Shorts YM @ 11370 14:42

<@NihabaAshi> I'm getting no where over the past 4 trades...

:(

<+szubaark> Covered all Short ES at 1251.25 --> - 2.5 «« paper »» 14:43

Buys ES @ 1251.25 «« paper »»

<+silo> Covered all YM Short @ 11385 --> - 15

stop hit

<+futurible> Shorts ES @ 1250.75 «« paper »»

<+szubaark> Exited all Long ES at 1250 --> - 1.25 «« paper »» 14:45

Shorts ES @ 1250.25 «« paper »»

Covered all Short ES at 1251.75 --> - 1.5 «« paper »» 14:46

Buys ES @ 1251.75 «« paper »»

<@NihabaAshi> Long ES @ 1251.75 -> small size

* Retrieving #futurestrades modes...

<+silo> Long YM @ 11397

<+szubaark> geez what a difficult day to make any profits

<@NihabaAshi> ES had its hand up in the air trying to get my attention around 1250.75

Unfortunately I saw it late :(

<+szubaark> one good setup every 2-3 hours i guess LOL 14:47

<+silo> Exited all YM Long @ 11398 --> + 1 14:48

<@NihabaAshi> Exited ES Long @ 1250.75 --> - 1

I've had a few chasers this afternoon...

One more and I'm calling it quits. At a trade loss before the entry not good odds for success :( 14:49

<+futurible> Covered all ES Short @ 1251.00 --> - 0.25 «« paper »»

<+silo> i traded this area twice already

one short one long

2 trades per price area is most i'm willing ot give 14:50

otherwise emotions will get int he way and become a revenge trade

something i learned from my mistakes

<+szubaark> Exited all Long ES at 1251 --> - 0.75 «« paper »» 14:51

stupid price action all day

taking a break, getting sick of watching this crap 14:52

* szubaark is now known as szubaark-away

<+silo> Long YM @ 11404 14:56

<@NihabaAshi> Long ES @ 1252.50 -> small size

2 only

<+silo> Exited all YM Long @ 11429 --> + 25 14:57

<@NihabaAshi> Exited all ES Long @ 1254.75 --> + 2.25

<+silo> almost reached 2x daily target :D 14:58

<@NihabaAshi> I'm done...want to ensure I stay above my profit goal for the day.

<+T-stop> nice wk

<+estrader1> great trading:)

<+T-stop> nice silo

<+silo> thanks :) 14:59

<@NihabaAshi> I thought for sure ES would give me a tougher time considering its been a few years since I've traded it.

<+silo> :P 15:00

nice to see people are still trading er2u8

:D

but seems like emd is getting more attention than usual as well

<+futurible> Shorts ES @ 1252.50 «« paper »» 15:04

<+szubaark-away> Shorts ES @ 1251 «« paper »» 15:06

Shorts ES @ 1252 «« paper »»

<+silo> szu i thought yo uwere done for the day

lol

<+szubaark-away> no, i need to make some of the losses back

Covered all Short ES at 1254.50 --> - 2.5 «« paper »» 15:08

<+futurible> Covered all ES Short @ 1254.50 --> - 2 «« paper »»

<+szubaark-away> im done.. just digging deeper and deeper hole

<+rickf> long es 1254.25

<+futurible> Shorts ES @ 1253.00 «« paper »» 15:10

<+rickf> oops 15:11

<+futurible> Covered all ES Short @ 1255.00 --> - 2 «« paper »»

<+rickf> out 54.25 b/e 15:12

<+futurible> :(

gn all

<+rickf> sorry szu 15:13

<rickf> . 15:16

<+silo> k guys i'm done for the day 15:17

have a good weekend fellas

:D

<+rickf> cy

<+rickf> short es 53.25 15:22

exit es 53 +.25 :( 15:25

* +rickf figures 15:27

<+rickf> short es 51 sm sz 15:28

out at 52 -1 15:29

short es 47.50 15:37

<@NihabaAshi> Take care all...have a good weekend. 15:38

* NihabaAshi is now known as NihabaAshi_away

<+rickf> ok guys have a good w/e 15:50

<+codehead> long YM 11374 <paper>

playing a bond signal 15:51

bullish and strong signal for higher between close today and monday morn

plus LEh finally getting some short covering

expected tht to happen

exit half +25 YM <paper> 15:55

oops, posted wrong room... "target on remainder 11419" 15:59

filled YM +45 <paper>

<+werner> good wk all 16:00

<+codehead> whew, Ym went another 21 past exit

<+Dokebilee> Exited all ES Long @ 1255.25 --> + 6.5 «« paper »» 16:03

* Awash is now known as Awash_afk 16:33

<@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: Sat Sep 13 00:00:00 2008
23:36

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, eploit 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)

Current Performance Record of M.A. Perry	click on image to view actual size
	Today	Month	Year
Emini ES	+33.25	+74.00	+74.00
S&P 500 Futures	$1,662.50	$3,700.00	$3,700.00

Emini ER2	+0.00	+149.20	+2484.70
Russell 2000 Futures	$0	$14,920	$248,470

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

"The point of this whole exercise is to make money. Everything else is just conversation." --Jonathan Hoenig

DAX FTSE-100 CAC-40 EC ER2 ES NQ YM QQQQ SPY IWM DIA CL QM NG OIH XLE GC GLD ZN ZB ZF BUND EurUsd UsdCdn

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