#FuturesTrades September 15th Monday 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: Mon Sep 15 09:16:44 2008Session Ident: #futurestrades
* Now	talking in #futurestrades	09:16
<@X>	[NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<rickf>	.
<ripsboy>	gm all...	09:17
<+rickf>	happy lehmanaigmerrill day
<Nesi>	:)
<+Nesi>	next GS	09:18
<KN-SR>	Exited 1/2 ES Long @ 1213.50 --> + 3	09:19
<+KN-SR>	h7
<T-stop>	vn
<+KN-SR>	thanks
<ItalianSharp>	morning all	09:21
<baxwill>	Morning all	09:22
<@NihabaAshi>	Good morning all.	09:24
<+T-stop>	gm
<+rickf>	here we go	09:30
<+T-stop>	gl all	09:31
<@NihabaAshi>	Long ES @ 1216.00 -> large size
<+KN-SR>	Exited 1/4 ES Long @ 1216.75 --> + 6.25	09:32
	h5
<silo>	Long YM @ 11086
<@NihabaAshi>	Exited 2/3 ES Long @ 1217.50 --> + 1.5	09:33
	Holding 2 contracts remainder
<szubaark-away>	Shorts ES @ 1216 «« paper »»	09:34
<+szubaark-away>	Covered all Short ES at 1218 --> - 2 «« paper »»	09:35
<@NihabaAshi>	Exited ES Long @ 1218.50 --> + 2.5
<+silo>	Exited all YM Long @ 11120 --> + 34
<@NihabaAshi>	Holding 1 contract remainder
<+KN-SR>	Exited 1/4 ES Long @ 1218.50 --> + 8
	h3
<+T-stop>	nice wk guys
<+szubaark-away>	Shorts ES @ 1216.25 «« paper »»	09:36
<LP>	tfz08 a mess at TS, matrix not working on tfz08
<@NihabaAshi>	Exited Remainder ES Long @ 1216.50 --> + 0.5
<+rickf>	cash indices lagging the futs hard .... only now getting caught up	09:40
<+szubaark-away>	exit stop moved to breakeven ES @ 1216 «« paper »»
<@NihabaAshi>	Shorts ES @ 1214.50 -> small size	09:41
	3 only
<+rickf>	VIX 30.91 +5.25
<+szubaark-away>	Covered all Short ES at 1216 --> + 0.25 «« paper »»
	:((
<@NihabaAshi>	Covered all ES Short @ 1215.50 --> - 1
<+szubaark-away>	Buys ES @ 1217.50 «« paper »»	09:43
<+rickf>	long es 1217
<@NihabaAshi>	Long ES @ 1217.25 -> small size
	3 only
<estrader1>	short es 18
<+rickf>	oexit es 1219.25 +2.25
<+estrader1>	out 19.25 -1.25
<+KN-SR>	Exited 1/4 ES Long @ 1221.50 --> + 11	09:44
	h2
<+rickf>	vn kn
<+szubaark-away>	exit stop set ES @ 1217.75 «« paper »»	09:45
<+KN-SR>	thanks
<@NihabaAshi>	Exited 2/3 ES Long @ 1222.50 --> + 5.25
	Holding 1 contract remainder
<+estrader1>	great trade kn
	nice Niha	09:46
<+szubaark-away>	Exited all Long ES at 1224.25 --> + 6.75 «« paper »»
<+rickf>	wtg niha, kn, szu :)
<+szubaark-away>	thnx
<@NihabaAshi>	Exited Remainder ES Long @ 1224.00 --> + 6.75
	volatility rising	09:47
	rising since 0942am est	09:48
* Kalle	[ long ES @ 23.25 ]
<@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.
* +Kalle	[ out ES @ 24.75 +1.5 ]	09:49
<+estrader1>	SHORT ES 25
	1/2 out 24 +1
<+szubaark-away>	Shorts ES @ 1224.25 «« paper »»	09:51
	exit stop set ES @ 1225.50 «« paper »»	09:52
<+estrader1>	out rest 21 +4	09:53
<+szubaark-away>	Covered all Short ES at 1220.50 --> + 3.75 «« paper »»	09:54
<pdays>	Shorts ES @ 1222
<@NihabaAshi>	Shorts ES @ 1220.50 -> small size
	3 only
<+pdays>	Covered all ES Short @ 1220 --> + 2
<@NihabaAshi>	:(
<+rickf>	short es 1219.50 sm sz	09:55
<+KN-SR>	Exited ES Long @ 1218.25 --> + 7.75
	Reverse and Enter Short ES @ 1218.25
<+rickf>	exit es 1217 +2.50
<+KN-SR>	brb
<+rickf>	profits hit	09:56
<@NihabaAshi>	Covered all ES Short @ 1217.00 --> + 3.5
<+KN-SR>	Covered 3/4 ES Short @ 1217.25 --> + 1
<@NihabaAshi>	Luck trade because I saw something that really wasn't there.
<+KN-SR>	stop 1.25
	h9
	brb
<+szubaark-away>	Shorts ES @ 1217.25 «« paper »»	09:59
<+rickf>	short es 1217.25 sm sz
<+KN-SR>	Covered ES Short @ 1217.75 --> + 0.5	10:00
	Reverse and Enter Long ES @ 1217.75
<+szubaark-away>	Covered all Short ES at 1218.75 --> - 1.5 «« paper »»
<+KN-SR>	Exited 3/4 ES Long @ 1218.75 --> + 1
	stop 1.25
	h9
	Exited ES Long @ 1217.75 --> 0	10:01
	Reverse and Enter Short ES @ 1217.75
<+szubaark-away>	Shorts ES @ 1216.75 «« paper »»
<+KN-SR>	Covered 3/4 ES Short @ 1216.75 --> + 1	10:02
	stop 1.25
	h9
<silo>	back
<+silo>	TS keeps freezing on me
	had to restart
	did i miss anything?
<+KN-SR>	Covered ES Short @ 1218.25 --> - 0.5
	Reverse and Enter Long ES @ 1218.25
	stop 1.25
<+szubaark-away>	Covered all Short ES at 1219.75 --> - 3 «« paper »»	10:03
* Tintin	: hi all
<+szubaark-away>	Buys ES @ 1220 «« paper »»
<+rickf>	out at 19.25 =2
<+T-stop>	hey Tin
<+KN-SR>	Exited 1/2 ES Long @ 1221.25 --> + 3
	h111
	11	10:04
<+szubaark-away>	exit stop moved to breakeven ES @ 1220 «« paper »»	10:05
<+rickf>	long es 1222.75	10:06
<+KN-SR>	Exited 1/4 ES Long @ 1223.25 --> + 5
	h9
<+rickf>	exit es 23.50 +.75
<+silo>	fast action today eh?	10:07
<+T-stop>	y	10:09
<+rickf>	long es 1221.75	10:11
	exit es 1224 +2.25	10:12
<+szubaark-away>	nice rick
<+rickf>	ty
<@NihabaAshi>	Long ES @ 1224.75 -> small size
	2 only
<+szubaark-away>	exit stop raised ES @ 1221 «« paper »»
<+KN-SR>	Exited 1/4 ES Long @ 1227.50 --> + 9.25	10:13
	h7
	Exited 1/4 ES Long @ 1226.50 --> + 8.25
	h6
<@NihabaAshi>	Exited all ES Long @ 1225.25 --> + 0.5
<+KN-SR>	Exited 1/4 ES Long @ 1225.50 --> + 7.25
	h5	10:14
	Exited 1/4 ES Long @ 1224.50 --> + 6.25
	h4
<oaktree>	long qqqq calls
* +Tintin	----[ buys eur @ 1.4141 ]----
	----[ buys cl @ 96.33 ]----	10:15
<+KN-SR>	Exited 1/4 ES Long @ 1223.50 --> + 5.25
	h3
* +Tintin	----[ buys gc @ 780.2 ]----
	----[ covers eur @ 1.4151 +0.0010 ]----	10:16
<+silo>	Long YM @ 11134
<+rickf>	long es 1225.50	10:17
<+szubaark-away>	Volatility still good
* +Tintin	----[ shorts cl @ 96.63 +0.30 ]----
<+rickf>	exit es 1225.50 b/e
<@NihabaAshi>	Shorts ES @ 1225.50 -> small size
	1 only	10:18
* +Tintin	: oops sorry cover cl not shorts
	----[ shorts er @ 709.5 ]----
	----[ shorts es @ 1224.75 ]----
<+szubaark-away>	Exited all Long ES at 1224.75 --> + 4.75 «« paper »»
<Bambam-77>	1233 would be nice trgt for longs then 1243 if mojo there
<+silo>	Exited all YM Long @ 11121 --> - 13
	Shorts YM @ 11123	10:20
<@NihabaAshi>	Covered ES Short @ 1225.00 --> + 0.5
* +Tintin	----[ covers er @ 708. ]----
	----[ covers er @ 708.5 +1 ]----
<@NihabaAshi>	Taking a break from trading...will watch for awhile.	10:21
	Fast pace price action is mentally tiring
<+silo>	Covered all YM Short @ 11139 --> - 16
<+Bambam-77>	protect longs 1223 key must stay above
<+rickf>	1226 tough to break on the es	10:23
* +Tintin	----[ covers es @ 1223.25 +1.50 ]----	10:24
<+Bambam-77>	b 23 stp 22	10:25
<+rickf>	long es 1225.25	10:27
<+Bambam-77>	t1 away 1226 +2
<+szubaark-away>	Buys ES @ 1226 «« paper »»	10:28
<+Bambam-77>	+3
	i want 1233
	maybe in next 1/2 hr
<+rickf>	exit es 1225.75 +2.25	10:30
<+szubaark-away>	Exited all Long ES at 1226 --> 0 «« paper »»
	bad entry
<+rickf>	almost bailed that trade -- really hard to break thru 26
<+Bambam-77>	looking to add at 1223.75 area	10:31
<+T-stop>	vix steady grind dn, 28 2	10:32
<+szubaark-away>	Shorts ES @ 1225 «« paper »»
<+Bambam-77>	if vix is grinding we should go up
	grinding down	10:33
<+T-stop>	y
<+szubaark-away>	Covered all Short ES at 1228 --> - 3 «« paper »»
<+Bambam-77>	1233 on dec come on
<+szubaark-away>	Buys ES @ 1229 «« paper »»	10:34
<+rickf>	must....not.....chase
<+KN-SR>	Exited 1/4 ES Long @ 1233.25 --> + 15	10:35
	h2
<+rickf>	nice
<+Bambam-77>	trgt hit
<+szubaark-away>	nice bambam
<+Bambam-77>	1 lot left of 4
<+KN-SR>	Exited 1/4 ES Long @ 1232.25 --> + 14
	h last
	thanks rickf	10:36
<+rickf>	:)	10:37
<+KN-SR>	stop 23.25 + 5.00
<+Bambam-77>	1230 add 29 stp	10:38
<+KN-SR>	good luck everyone......see u all next time......	10:40
<@NihabaAshi>	Long ES @ 1228.75 -> small size
	1 only	10:41
<+KN-SR>	Exited ES Long @ 1229.25 --> + 11
	Reverse and Enter Short ES @ 1229.25
	stop 1.75
	bbl	10:42
<+Bambam-77>	b 1226.75 on stp 1225.75	10:43
<@NihabaAshi>	Exited ES Long @ 1228.25 --> - 0.5
<+szubaark-away>	Exited all Long ES at 1227.25 --> - 1.75 «« paper »»	10:44
	Buys ES @ 1229.25 «« paper »»
<@NihabaAshi>	Long ES @ 1228.00 -> small size	10:45
	1 only
<+szubaark-away>	Exited all Long ES at 1227.25 --> - 2 «« paper »»	10:46
<+Bambam-77>	filled 1227
<+szubaark-away>	Buys ES @ 1228.50 «« paper »»
<+Bambam-77>	t1 1228.25	10:47
	trgt 2 1230 sto now 27.5	10:49
	stop 1227.5
	t2 away
<@NihabaAshi>	Exited ES Long @ 1229.50 --> + 1.5
	Reverse and Enter Short ES @ 1229.50
	1 only
<+Bambam-77>	1233 come on
<+rickf>	long es 1229.75	10:50
<@NihabaAshi>	Covered ES Short @ 1230.25 --> - 0.75
<+szubaark-away>	exit stop moved to breakeven ES @ 1228.50 «« paper »»	10:51
<+rickf>	exit es 1232 +2.25	10:52
<@NihabaAshi>	Long ES @ 1232.00 -> small size
<+Bambam-77>	done
<@NihabaAshi>	2 only
<+Bambam-77>	1233
<+T-stop>	nice Bam
<+Bambam-77>	thats it for me goal met for the day
* +Tintin	----[ shorts es @ 1232.75 ]----	10:53
<+rickf>	OXPS has a message - CBOE having tech problems w/ fills and cancels, so options traders beware :)
<@NihabaAshi>	Exited all ES Long @ 1236.00 --> + 4
<+Bambam-77>	1243 next pos trgt
	i am flat
* +Tintin	----[ shorts ym @ 11225 ]----	10:54
<+rickf>	yeesh
<+szubaark-away>	Exited all Long ES at 1238.25 --> + 9.75 «« paper »»	10:55
<@NihabaAshi>	sideline...price action is too fast for me...will just watch for awhile.
* +Tintin	----[ shorts es @ 1236.75 avg in ]----
<+Bambam-77>	all ss for now are scalps
<+szubaark-away>	Nice Volatility
* +Tintin	----[ covers es @ 1234.75 + 2 all out ]----	10:58
<+rickf>	wow - TSCM commentator says Etrade's been down all morning
<+Bambam-77>	shorts to 1229.5 area for pullback posible
<+rickf>	back in a bit - gym	10:59
<+T-stop>	Bush on
* +Tintin	----[ shorts er @ 715.4 ]----	11:00
	----[ covers er @ 713.4 +2 ]----	11:03
<pat255>	tin er2 dec contract?	11:04
* +Tintin	----[ covers ym @ 11205 +20 ]----	11:05
<+silo>	whot
	whoot.. caught this down move
	:)
<+szubaark-away>	where? u didnt post	11:06
<+silo>	yeah i didn't
	price action too fast
	didn't have time
	was afraid to move my finger away from the button
	lol
<Alturus>	where is the next support, anyone?	11:07
* +Tintin	----[ covers gc @ 781.2 +1 ]----	11:13
<+silo>	Long YM @ 11193	11:14
	Exited all YM Long @ 11184 --> - 9	11:16
	Long YM @ 11194	11:19
	back in
	actually got a good fill
	suprisingly
	Exited all YM Long @ 11202 --> + 8	11:21
	Shorts YM @ 11196	11:23
	Covered 1/2 YM Short @ 11165 --> + 31	11:28
	Covered 1/2 YM Short @ 11159 --> + 37	11:30
	profit target reached	11:31
<+szubaark-away>	Nice	11:36
* +Tintin	----[ buys er @ 706.0 ]----	11:47
<+oaktree>	buy spy 122.85	11:48
* +Tintin	----[ covers er @ 707.0 +1 ]----
<+rickf>	back
	short es 1224	11:50
<@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.	11:51
<+rickf>	exit es 1221.75 +2.25	11:52
<+estrader1>	15?	11:53
	15 support?
<+rickf>	12-ish I'd say	11:54
<+estrader1>	ok,ty	11:55
<+rickf>	u are trading Z or U contract?	11:56
<+silo>	anyone got a realtime chart of TFZ8? (er2) ?
<+rickf>	703.70	11:57
<+estrader1>	dec
	dec rick	11:58
<+rickf>	k
	just chekingh
<+estrader1>	short 23.5	12:05
* +Tintin	: lunchtime ...	12:10
<+estrader1>	out 24.75 -1.25	12:11
<@NihabaAshi>	Long ES @ 1225.00 -> small size
	2 only	12:12
<+rickf>	niha you moving to ES for good now? if so, "welcome to our world" :)	12:13
<@NihabaAshi>	Exited all ES Long @ 1225.25 --> + 0.25
<werner>	hi all	12:15
<+rickf>	heywerner
<+werner>	yo rickf
<@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
<+rickf>	long es 1226.75	12:16
<+estrader1>	short 26.75	12:17
<@NihabaAshi>	Long ES @ 1226.50 -> small size	12:18
	3 only
<+rickf>	exit es 1229 +2.25	12:19
<+estrader1>	out 28.75-2	12:20
<+werner>	nice rickf
<+rickf>	ty
<@NihabaAshi>	Exited 2/3 ES Long @ 1233.00 --> + 6.5
	Holding 1 contract remainder
<+rickf>	i could let some of these run since i seem to get into the trend, but i'm happy to take base hits for the moment	12:21
<Awash_afk>	nice trade Niha
<+rickf>	wtg niha
* Awash_afk	is now known as Awash
<+estrader1>	nice trading guys
	s31.75
	1/2 off 29.75 +2	12:22
<@NihabaAshi>	Exited Remainder ES Long @ 1229.00 --> + 2.5	12:23
	:(
<+estrader1>	out rest28.75 +3	12:24
	you did great Niha why long face,wtg
<+pat255>	vn N ...	12:25
<@NihabaAshi>	price action too fast for remainders
	for the remainder of the trading day it will be "all out" and no more scaling out.
<+rickf>	taking a break for lunch - bak in a bit	12:33
<+estrader1>	enjoy
* codehead_afk	is now known as codehead
<+silo>	Shorts YM @ 11148	12:35
<+estrader1>	long 24.5	12:36
<@NihabaAshi>	Shorts ES @ 1224.50 -> small size
	2 only
<+silo>	Covered all YM Short @ 11148 --> 0	12:37
<+estrader1>	out 1/2 25.5 +1
<@NihabaAshi>	Covered all ES Short @ 1225.50 --> - 1	12:39
<+silo>	Shorts YM @ 11140
<+estrader1>	out rest b/e 24.5	12:42
<+silo>	Covered all YM Short @ 11139 --> + 1	12:45
	Covered all YM Short @ 11146 --> - 6	12:47
	Long YM @ 11142	12:48
<+estrader1>	s27.5	12:49
	1/2 off 26.5 +1
	all out 25.5 +2	12:50
<@NihabaAshi>	Long ES @ 1226.75 -> small size
<+estrader1>	fast fast fast
	wow
<@NihabaAshi>	3 only
	Exited all ES Long @ 1226.25 --> - 0.5	12:52
	I gave it extra breathing room but it didn't pay off :(	12:53
<+silo>	so dangerous
	my god
	Exited 1/2 YM Long @ 11166 --> + 24
<@NihabaAshi>	Long ES @ 1228.00 -> small size
	3 only	12:54
<+werner>	nice niha	12:55
<@NihabaAshi>	Exited all ES Long @ 1231.00 --> + 3
<+estrader1>	wtg niha:)
	short 31	12:56
<+silo>	Exited Remainder YM Long @ 11187 --> + 45
<+estrader1>	1/2 off 29.75 +1.25
	out rest b/e	12:57
	wow SO FAST
<+rickf>	bak	12:58
<+silo>	yeah
	it's insanely fast today	12:59
	for some reason
<+rickf>	paulson conference at 1:30	13:00
	bloomberg conference @ anytime in nyc
<+AndyP>	Shorts ES @ 1228.75 «« paper »»	13:02
<mofar>	Hi! I am new here. Just saying Hello to Everyone now. Hope to learn and benefit from all of you.	13:03
<codehead>	interesting: that first YM bounce... 299 point bounce off the bottom... 3 ticks from 0.500 retrace	13:04
<+AndyP>	Covered all ES Short @ 1229 --> - 0.25 «« paper »»
<+estrader1>	s31	13:05
	1/2 out 29.5 +1.5	13:06
	wow posting and trading not easy,no wonder tradrs postings out 2 pts late	13:08
<+rickf>	unless you're automated, it can be problematic	13:09
<+estrader1>	yes
<+rickf>	but is ok - folks aren't here to mirror each other	13:10
<+estrader1>	k
<+rickf>	i'm often a late poster since i do it manually
<+oaktree>	close all longs qqqq
<+rickf>	as niha's said many times, rightfully so, "trade first, post later -- work the trade"
<+szubaark-away>	there is a script that will automaticly Post from your Brokers platform to the millisecond
<+rickf>	certain brokers tho :(
<+estrader1>	ok,that would help	13:11
<+mofar>	Long ES 1 contract 1229.5
<+estrader1>	stop on rest b/e 31 have order on rest for 28 to cover did not take it	13:12
	out rest 28 +3	13:13
<+mofar>	Covered ES 1 contract -1
* +Tintin	: back	13:26
<+rickf>	short es 1225	13:28
<KN-SR>	Long ES @ 1223.25	13:29
<+rickf>	exit es 1223.50 +1.5
<+KN-SR>	Exited 3/4 ES Long @ 1224.25 --> + 1
<+rickf>	still looking short
<+KN-SR>	s.l 1
<+estrader1>	nice rick:)
<+rickf>	ty
<+KN-SR>	h7
<+estrader1>	long 24	13:30
* +Tintin	----[ shorts gc @ 786.9 ]----	13:31
<+silo>	Long YM @ 11138	13:32
<+szubaark-away>	Shorts ES @ 1223.75 «« paper »»
	exit stop set ES @ 1225 «« paper »»	13:33
<+KN-SR>	29.25 nxt .. i think
<+silo>	intuition
<+szubaark-away>	Covered all Short ES at 1225 --> - 1.25 «« paper »»
<+estrader1>	1/2 off 25 +1
<+KN-SR>	Exited 1/4 ES Long @ 1225.25 --> + 2	13:34
	h5
<+silo>	Exited all YM Long @ 11138 --> 0
<+estrader1>	out rest b/e 24 now can go up
<+szubaark-away>	Shorts ES @ 1223.75 «« paper »»	13:35
	same Stop as before
	exit stop moved to breakeven ES @ 1223.75 «« paper »»
<TraderG>	KN you entered @ 1224.25 with a SL of 1. ES traded @1223 which is below your stop. Can you explain?
<+TraderG>	Please :-)	13:36
<+KN-SR>	yes I can .....
	[12:29:11] <KN-SR> Long ES @ 1223.25
	like it?
<breakout>	u lucky u got kn calling trades mayb it was mental stop	13:37
<+TraderG>	yes I do. thanks
<+KN-SR>	its kind of easy to ask explination without reading..............this is i guess the third time i m explaining the same issue to u
	:)
	please read first
<+TraderG>	you maybe confusing me with someone else but that's OK	13:38
	I still love you
<+estrader1>	19 suuport again,maybe not make it that easy for us
<+KN-SR>	Long ES @ 1220.50
<+TraderG>	not in a Biblical way though......
<+KN-SR>	stop .75	13:39
	i like u guys too......its tough love ......sometimes
<+silo>	bondage
<+TraderG>	as long as you have enough to pay taxes..........
<+rickf>	lol
<+KN-SR>	small 7 con	13:40
	bbl
<+breakout>	guy give u 8-10 point es play a day and u ? him unreal
<+KN-SR>	?
<+TraderG>	I don't copy his trades
<+KN-SR>	hit and out
<+estrader1>	long 19
<+KN-SR>	12.25
<+TraderG>	I will make it on my own
<+szubaark-away>	Covered all Short ES at 1219.50 --> + 4.25 «« paper »»
<+pat255>	just watch the charts wheer KN takes the trades & think
<+breakout>	then it shouldnt matter to u if he stop out by .25 if u dont follow	13:41
<+rickf>	dag....GS is 134 now. if it wasn't in the financial sector i'd start nibbling at it here
<+TraderG>	I am a stickler for details. What can I do.	13:42
<+breakout>	guys taking time out to post and trade doesnt need b challenged on a stop
<+TraderG>	breakout - you win
<+estrader1>	out 1/2 +1
<+rickf>	paulson on now	13:43
<+KN-SR>	.......come on guys.....just read a little bit carefully..... i alwasy post stop and entry.....things shouldnt be this hard...
<+breakout>	not when u see him everyday and he reliable honest
<palmer>	kn i agree
<+palmer>	i mean they dont read and understand
	just crazy
<+estrader1>	out rest 22 +3
<+pat255>	& dont reflect on the trade ..
<+KN-SR>	sometime i dont post -------hit and out -------- coz if u see the chart u know my stop was hit.....
<+T-stop>	Paulson on
<+TraderG>	I am really really "thory" guys.....	13:44
<+KN-SR>	well, if u have any qs...........with any trade.........that i did post............any day........in last 1 yr........let me know the date and time..... i think we can clr any q anyone has in mind :)
	clr enough?
	well, again, pls read the stop and the entry ........ i dont think u will have any q.........	13:46
	take care all...... its late here...going to bed
<+TraderG>	sometimes you can learn from a mistake of a good trader. but then you have to open your mind.
<+pat255>	thks KN
<+T-stop>	tks KN
	for all your posts
	very, very helpful
<+KN-SR>	TraderG....i m not mad at u ......:)........atleast u r onot silo :)
<+TraderG>	as much as I appreciate KN's input here, I am not going to brown nose him
<+T-stop>	hehe
<+rickf>	seeya	13:47
<+KN-SR>	just read the entry and stop........
	i think u wont have to ask the same q again and again............
	the entry was 23.25 not 24
	and stop as alwasy should be .75 to 2.25
<+breakout>	a mistake of pos .25 stop
	too much so what u learn	13:48
<+KN-SR>	[12:29:11] <KN-SR> Long ES @ 1223.25
	[12:29:11] * NihabaAshi sets mode: +v KN-SR
	[12:29:25] <+rickf> exit es 1223.50 +1.5
	[12:29:36] <+KN-SR> Exited 3/4 ES Long @ 1224.25 --> + 1
	[12:29:37] <+rickf> still looking short
	[12:29:40] <+KN-SR> s.l 1
	stop was 1
	thats 22.25 at bid
	remember. to hit the stop for a long u just need bid to hit the s.l.	13:49
	anwyay........
<+estrader1>	s19.75
	think 19 will break this time	13:50
<+KN-SR>	gl guys
	its really late......i have start early tomorrow......
<+estrader1>	18.75 1/2 out +1
<+breakout>	cu
<+KN-SR>	gl......good trading
	watch out for 12.25 and 29.25
	we wont hit below 1200 till firday	13:51
<+TraderG>	like I said. I still love you KN
<+KN-SR>	i think
	:)
	same here
<+rickf>	go to sleep kn :)
<+palmer>	12.25 is short
	KN
<+TraderG>	when I grow up
<+KN-SR>	i will post a book list shortly
<+TraderG>	I want to be like KN
	dark and handsome
<+KN-SR>	very interesting books.....as i m reading ......i m learning a lot
	nop
<+estrader1>	out rest 17.75 + 2	13:52
<+KN-SR>	brown .....
	:)
	what brown can do for u :)
	take care all
<+palmer>	12.25 KN is that short trigger
<+TraderG>	at least you still have a sense of humor KN. I wish the others in this tribe would go and get some also
<+palmer>	?
<+KN-SR>	12.25 should be low of the day i think	13:53
<+rickf>	short es 1216
<+KN-SR>	12.25 8.25 6.25 2.50
	remember last time?
	15th of july i guess
<+T-stop>	y
<+KN-SR>	these should be some heavily traded area	13:54
	quite heavy........and as the economy.......we are going deep south....into the ocean
	:(
	i have a pdf about news, economy and index.........will post it shortly in the forum	13:55
	any other q b4 i go?
<+pat255>	thks KN
<+TraderG>	winning lottery numbers for this weekend ??????	13:56
<+KN-SR>	yes
	4 2 0
<+silo>	yes, will it rain tomorrow?
<+TraderG>	just kidding. have a great evening
<+KN-SR>	got it?
	:)
	i know
	i dont believe in loterry......never tried even one
<+TraderG>	life is boring without a little humor and keeping others alert
<+KN-SR>	humm	13:57
	heard a good joke
<+pat255>	very true TG
<+breakout>	kn alertness is fine doesnt need to b badgered so stop
	u lucky u have him here
<@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.
<+TraderG>	i believe KN is cabable of speaking for himself.
	don't you think so breakout?	13:58
<+breakout>	he did nicely
	but u notget message
<+estrader1>	long es 18	13:59
<+TraderG>	BREAKOUT we are here to exchange and examine ideas. If you don't like my questions, it is up to KN to say so. KAPICH?
<+breakout>	now bloomberg lol
	whole parade today lol
<+KN-SR>	well, guys ........ easy
<+estrader1>	out 1/2 19.25 +1.25
<+KN-SR>	i got to go
	and for the record, i like u guys........all
	take care
<+T-stop>	cya	14:00
<+oaktree>	buy spy 122.25
* szubaark-away	is now known as szubaark
<+estrader1>	out rest 22+4	14:01
<+breakout>	when u ? someones entry or stop its ?ingthere integrety its not an exchange of ideas	14:04
	u either get it or dont
<+TraderG>	btw breakout, you are here since Aug 22 if I am not mistaken (details again - sorry) what have you contributed to this group so far?
<+breakout>	im done	14:05
	so now start with me lol u too much
	say what u want im doine
<+TraderG>	you are welcome to PM me if you want so that we don't waste more time of the group.
<+breakout>	no i dont want to	14:06
<+estrader1>	relax and trade...make $$$
	group hug ((((((( ))))))))))))))	14:07
<+TraderG>	thanks es. I needed that :)
<+breakout>	es if u blond ill take hug too lol
<+TraderG>	that's more like it BO. you see, it was not hard. and I love you too (again - not in a biblical way)	14:08
	I hope you make lots of $$$$$	14:09
<+breakout>	u too
<+silo>	Shorts YM @ 11109	14:10
<ArcTrader>	Long YM @ 11111 «« paper »»	14:16
<+silo>	Covered all YM Short @ 11120 --> - 11
	Long YM @ 11125
<+ArcTrader>	Exited all YM Long @ 11160 --> + 49 «« paper »»	14:17
<+silo>	Exited 1/2 YM Long @ 11155 --> + 30
<+ArcTrader>	Actually, that was real, forgot to turn off paper	14:18
<MK>	Exited all ER2 Long @ 704.2 --> - 8.3 «« paper »»
<+szubaark>	nice silo and arc, u guys caught that spike
<+ArcTrader>	tks, luck on the spike , system on the entry	14:19
<+rickf>	vn
<+MK>	Long ER2 @ 702.6 «« paper »»	14:22
<+silo>	gave teh second half a little more room than normal..
	goal is to ride it all the way up to 11200	14:24
<+estrader1>	long 23	14:25
	21.75 out -1.25	14:26
	long 23	14:27
<kosmipt>	long 22,75 paper	14:28
<+kosmipt>	trying for 26
<+MK>	anyone trading the new TF? new symbol for the er2 trading on ICE	14:29
<+szubaark>	Shorts ES @ 1221.50 «« paper »»
<+estrader1>	out 21.75 +1.25 have to keep stop
<+kosmipt>	out all ES paper @ 1220.00 -2.75
<+estrader1>	long 20.5
<+rickf>	wondering if they're gonna start running stops -- shake folks out....	14:30
<+silo>	Exited Remainder YM Long @ 11125 --> 0
<+breakout>	they did oernite
<+szubaark>	exit stop moved to breakeven ES @ 1221.50 «« paper »»
<+silo>	well that sucks
<+MK>	Long ER2 @ 701.3 -> Add «« paper »»	14:31
<+breakout>	they turning exchanges on and off backing up orders force moves im sitting out direction ?able
<+szubaark>	Covered all Short ES at 1221.50 --> 0 «« paper »»
<+breakout>	1224 resis tho
<+estrader1>	1/2 OFF +1	14:32
<+AndyP>	Long ES @ 1219.5 «« paper »»	14:34
<+szubaark>	Shorts ES @ 1219.50 «« paper »»	14:35
<+estrader1>	out rest b/e
<+szubaark>	Covered all Short ES at 1221.50 --> - 2 «« paper »»	14:36
<+rickf>	:(
<+silo>	Shorts YM @ 11119	14:38
<+rickf>	short es 1219.75
<+szubaark>	Shorts ES @ 1219.25 «« paper »»	14:39
	trying Again
	same Entry area	14:40
<+rickf>	exit es 1217.50 +2.25
<+szubaark>	nice rick
<+rickf>	:)
<+estrader1>	:)	14:41
<+szubaark>	will look for low of day test
	exit stop set ES @ 1219 «« paper »»
<+silo>	Covered 1/2 YM Short @ 11184 --> - 65
	eh?
<+estrader1>	LONG ES 15.25
	out 14.25 -1.25	14:42
<+silo>	Covered Remainder YM Short @ 11170 --> - 51
	eh?	14:43
	haha
<+estrader1>	given back profits now only 1xs daily
	man..........
<+silo>	that's out at 11084 and out at 11070
<@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
<+estrader1>	long 14
<+silo>	+35	14:44
	+49
	there we go
<@NihabaAshi>	Shorts ES @ 1214.50 -> small size
	2 only
<+silo>	20 dollars short of 2x daily profit target :D
<+rickf>	holy geez, i forgot how annoying cnbc is
	*click*	14:45
	better now
<+szubaark>	Volatility showing up
<+rickf>	short es 1214.25
<@NihabaAshi>	tighten trail	14:46
<+szubaark>	Weak Support Area
<+rickf>	stop @ b/e	14:47
<@NihabaAshi>	tighten trail profit
<+estrader1>	OUT 12.75 -1.25	14:48
<@NihabaAshi>	Covered all ES Short @ 1212.75 --> + 1.75
<+rickf>	out at 13.50 +.75	14:49
<+MK>	Long ER2 @ 700.2 -> Add «« paper »»
<+LP>	TF on ice doing 168,000 volume so far, not bad
<+szubaark>	Covered all Short ES at 1214.50 --> + 4.75 «« paper »»
<+rickf>	nice	14:51
<@NihabaAshi>	Long ES @ 1216.25 -> small size
	1 only
* Retrieving	#futurestrades modes...	14:53
<@NihabaAshi>	tighten trail profit
<+estrader1>	short es 17	14:54
<+silo>	there's probably one more trade left for me
	then i'm done
<@NihabaAshi>	Exited ES Long @ 1216.50 --> + 0.25
<+estrader1>	1/2 off 15 +2	14:55
<@NihabaAshi>	Shorts ES @ 1215.25 -> small size	14:56
<+rickf>	short es 1215.25
<@NihabaAshi>	1 only
<+AndyP>	Long ES @ 1214.25 «« paper »»
<+estrader1>	come on 09
<@NihabaAshi>	Covered ES Short @ 1216.00 --> - 0.75	14:59
	Shorts ES @ 1215.00 -> small size
	2 only
<+AndyP>	Exited all ES Long @ 1212 --> - 2.25 «« paper »»	15:00
<@NihabaAshi>	tighten trail profit	15:01
<+rickf>	exit 1/2 es 1213 +2	15:02
	er 2.25
<+estrader1>	out more 13 +4 holding 1
	for 09
<+rickf>	h4	15:03
<@NihabaAshi>	Covered all ES Short @ 1211.50 --> + 3.5
<+pat255>	vn	15:04
<+rickf>	exit 1/2 1211 +4.25
	h2
<+MK>	Long ER2 @ 698 -> Add «« paper »»	15:05
<+rickf>	exit remainder es 1212 +3.25
<+estrader1>	out last 1+5
<+rickf>	nothing below 1200 that i can see	15:06
<+estrader1>	09 HITTING AND ALL OUT.MAN,,,,,,,,,,,,,	15:07
<+rickf>	short es 1209
<+estrader1>	all good.thankful for what I got:)
<+MK>	Long ER2 @ 696.4 -> Add «« paper »»
	Long ER2 @ 695.3 -> Add «« paper »»	15:08
<+rickf>	dow down 400
	exit es 1208.50 +50	15:09
	.50
* +silo	is done for the day	15:11
<+silo>	later guys
<+rickf>	short es 1207.75
	exit es 1208.75 -1	15:14
<+codehead>	szu-- vegas foming on YM ES	15:15
	possible vegas
<+MK>	Long ER2 @ 695.5 -> Add «« paper »»
<+codehead>	crude back to 95	15:16
<+MK>	Long ER2 @ 694 -> Add «« paper »»	15:20
<+rickf>	2 contracts short from 1206.25	15:23
	if we break it'll be hard
<+estrader1>	nice rick:))))
<+rickf>	ty
<+codehead>	long YM 11000 <paper>
	trying a level--YM has one at 10996	15:24
	hit 10997
	lod
<starglazer>	long 1205
<+starglazer>	ES
<+MK>	Long ER2 @ 691.3 «« paper »»	15:25
<+starglazer>	exit 1203 -2
<+MK>	hopefully we get a good bounce up tomorrow with the expected fed cut
<+rickf>	stop at 1206.25 b/e
<+starglazer>	i thought the consensus was no change MK	15:26
	if anything months ago they were thinking of jacking up the rates
<+rickf>	hit and out +.25
	(note: b/e for me is b/e+1 tick)	15:27
	4 short from 1205	15:28
	out at 1202.75 +2.25	15:29
<+MK>	things may have changed with the banking crisis
	but then who knows...things are a mess	15:30
	Long ER2 @ 690.3 -> Add «« paper »»
	Long ER2 @ 691.5 -> Add «« paper »»	15:31
<+rickf>	long es 1210.50	15:34
<+codehead>	exit half YM +100 <paper>
<+rickf>	exit es 1214.50 +4	15:35
<+MK>	Exited all ER2 Long @ 696.9 --> + 11 «« paper »»	15:36
<+rickf>	long es 1213.75	15:42
	out 11.75 -2	15:44
<+szubaark>	Shorts ES @ 1209.50 «« paper »»
	exit stop set ES @ 1209.25 «« paper »»	15:45
	Trailing Stop
<+rickf>	short es 1207.50	15:46
	exit 1/2 es 1206.50 +2	15:49
<+szubaark>	nice rick	15:50
<+rickf>	thx szu
<+szubaark>	exit stop set ES @ 1208 «« paper »»
<+rickf>	exit 1/2 es 1200.50 +7.5	15:52
	exit 1/2 es 1202.50 +5.5	15:54
<@NihabaAshi>	I'm done for the day...it was a high volatility trading day.	15:55
	Gotta exploit these types of trading days because that's where the big profits are at.
<+rickf>	no kidding niha
<+pat255>	vn rick
<+rickf>	ty
<+szubaark>	Covered all Short ES at 1202.50 --> + 7 «« paper »»	15:56
<+rickf>	final sell into the close coming up....	15:57
<+szubaark>	Yup, nice Volatility today.
<+breakout>	fed tomorrow	15:58
<+szubaark>	Trades either worked or did not right away. None of that creeper crap We've seen lately.	15:59
<@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.	16:00
<+rickf>	exit 1 es 1200.50 +7.5	16:01
<+szubaark>	Oil -7 today
<+rickf>	h1	16:02
	exit es remainder 1197.50 +10
	now that was a day ... yeesh	16:04
<+werner>	indd:)
<+szubaark>	makes you forget the bad days
<+rickf>	nope just recover your losses from them :)
<+pat255>	rick cud u pl consider to post your trade a bit early if u can ty	16:05
<+rickf>	heh.....if i can, i will -- only have 2 hands, and one of 'em isgetting surgery next week
<+pat255>	sorry np ..did not realise that what happened?	16:06
<+rickf>	lol never mentioned it
	i try to make my trades promptly though	16:07
<+pat255>	np rick
<+rickf>	ok guys - good trading, see you tomorrow	16:12
<+werner>	gn all	16:16
<+estrader1>	no short covering	16:17
	wow
<bazooka85>	-500 LOL	16:36
* +Tintin	: bye all	17:09
<+T-stop>	cya
<@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.	18:03
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)

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

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