#FuturesTrades September 17th 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.

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: Wed Sep 17 09:29:26 2008Session Ident: #futurestrades
* Now	talking in #futurestrades	09:29
<@X>	[NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<rickf>	.
<TraderG>	gm every 1	09:31
<+rickf>	short es 1187.25	09:32
<szubaark>	Shorts ES @ 1187.75 «« paper »»	09:33
<@NihabaAshi>	Shorts ES @ 1189.75 -> large size	09:35
	6 only
<+rickf>	exit es 86.25 +1
<@NihabaAshi>	shoulduv loaded the boat :(	09:36
	Covered all ES Short @ 1188.75 --> + 1	09:37
<@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.
<+szubaark>	Covered all Short ES at 1191.50 --> - 3.75 «« paper »»	09:41
	Buys ES @ 1191.50 «« paper »»
<silo>	morning	09:44
<+silo>	internet service problem :(
<+szubaark>	exit stop set ES @ 1192 «« paper »»	09:45
	Exited all Long ES at 1193.25 --> + 1.75 «« paper »»	09:46
<+silo>	have i missed anything good?	09:47
<+rickf>	long es 1195
<+szubaark>	Shorts ES @ 1194.75 «« paper »»
	Covered all Short ES at 1194.75 --> 0 «« paper »»	09:48
<+rickf>	exit es 97.25 +2.25	09:54
<+szubaark>	nice rick	09:55
<+rickf>	ty szu
	long es 1199	09:56
* Tintin	: hi all	09:57
<+T-stop>	gm
<+rickf>	exit es 97 -2	09:59
<+szubaark>	Shorts ES @ 1195.75 «« paper »»
<+rickf>	long es 1199 sm sz	10:00
<+szubaark>	Covered all Short ES at 1198.25 --> - 2.5 «« paper »»	10:01
	Buys ES @ 1199.75 «« paper »»	10:02
<werner>	gm all
<@NihabaAshi>	Long ES @ 1200.00 -> medium size
<+rickf>	gm
<@NihabaAshi>	4 only	10:03
<+werner>	hi rickf
<@NihabaAshi>	entry sucked	10:04
	gotta sweat a little :(
<+szubaark>	big battle here@1200
<+rickf>	again
	this will be it for me on the longside until we break thru	10:05
<@NihabaAshi>	Exited all ES Long @ 1197.50 --> - 2.5
* Retrieving	#futurestrades modes...
<+szubaark>	Exited all Long ES at 1196.75 --> - 3 «« paper »»
<+rickf>	exit es 97 -2
<+szubaark>	Shorts ES @ 1196.75 «« paper »»
<+rickf>	short es 94	10:07
	lg sz
<+szubaark>	trailing Stop, dangerous choppy area here	10:08
	exit stop set ES @ 1196.75 «« paper »»
<@NihabaAshi>	Shorts ES @ 1194.75 -> medium size	10:09
	4 only	10:10
<+szubaark>	Covered all Short ES at 1196.75 --> 0 «« paper »»
<@NihabaAshi>	Covered all ES Short @ 1197.00 --> - 2.25
<LP>	TF is doing the volume but .20 - .40 gaps on time and sales, freaking wild west on ice, more volume but feels thin	10:11
<@NihabaAshi>	The volatility of the past few trading days is gone...	10:12
	It was fun while it lasted :)	10:13
	Shorts ES @ 1194.50 -> medium size
	Covered all ES Short @ 1194.00 --> + 0.5	10:15
<+szubaark>	Buys ES @ 1195.75 «« paper »»
<+rickf>	out 94 b/e
<@NihabaAshi>	will tighten up my stops for the next few trades now that we are nearing a time where volatility has a chance to increase	10:16
	Long ES @ 1196.00 -> medium size	10:18
<+szubaark>	Expecting Volatility spike soon, hopefully to upside, Im Long
<@NihabaAshi>	4 only
<silo>	good thing there was a outage in my neighborhood.... haha :)	10:19
<@NihabaAshi>	Exited all ES Long @ 1194.50 --> - 1.5
<+rickf>	short es 1193.25 sm sz
<@NihabaAshi>	weak support area ES	10:20
<+szubaark>	Exited all Long ES at 1192.50 --> - 3.25 «« paper »»	10:21
<@NihabaAshi>	Shorts ES @ 1193.25 -> medium size
<+szubaark>	Shorts ES @ 1192.50 «« paper »»
<@NihabaAshi>	4 only	10:22
<+T-stop>	gc +40 sm res here
<@NihabaAshi>	tighten trail profit
	Covered all ES Short @ 1192.75 --> + 0.5	10:23
	:(
	Shorts ES @ 1192.00 -> medium size
	4 only	10:24
<+rickf>	exit es 91 +2.25
<@NihabaAshi>	tighten trail profit
	tighten more
<+szubaark>	Volatility picking up	10:25
	exit stop moved to breakeven ES @ 1192.50 «« paper »»
<+rickf>	VIX @ 32.60	10:26
<@NihabaAshi>	Yeah...volatility is trying hard to rise.
	Still not where I want to see it at :(
<+szubaark>	hopefully we spike down some more before my Stop gets picked on this contracting Volatility	10:28
<@NihabaAshi>	:(
	volatility dropping
<+T-stop>	sm sup es 88..fib and pivot lvls
<+szubaark>	we also have a Hammer Line in this area acting as "Support"	10:29
<+T-stop>	tks
<@NihabaAshi>	Covered all ES Short @ 1191.00 --> + 1	10:30
<+szubaark>	Covered all Short ES at 1191 --> + 1.5 «« paper »»	10:31
<+rickf>	horrible tape today
<+szubaark>	starting to look like a brokers day
<@NihabaAshi>	It should clear up soon for a little bit.
<+szubaark>	Shorts ES @ 1188 «« paper »»	10:33
	Covered all Short ES at 1188 --> 0 «« paper »»	10:34
	:(
<+T-stop>	oil inventory #'s soon
	bit of a chop fest so far
<+szubaark>	Buys ES @ 1189.50 «« paper »»	10:35
<@NihabaAshi>	Shorts ES @ 1187.50 -> medium size	10:36
	4 only
<+szubaark>	Exited all Long ES at 1185.50 --> - 4 «« paper »»
	Shorts ES @ 1185.50 «« paper »»
<+silo>	Shorts YM @ 10818
<@NihabaAshi>	tighten trail
	So far today have had every trailing stop hit after going into a profit before I could exit on my own.	10:37
	Need 4 points to get profitable with commissions included	10:38
<+T-stop>	gc just a monster +53	10:42
<@NihabaAshi>	Covered 3/4 ES Short @ 1183.00 --> + 4.5
<+T-stop>	nice patience guys
<@NihabaAshi>	Holding 1 contract remainder
	Got green...lets see if I can keep it.	10:43
<+szubaark>	Covered all Short ES at 1185.50 --> 0 «« paper »»	10:44
<@NihabaAshi>	Covered Remainder ES Short @ 1185.50 --> + 2
<+szubaark>	:((..having hard time today also
<+rickf>	short es 1184.25	10:47
<+szubaark>	Shorts ES @ 1183.25 «« paper »»	10:48
<@NihabaAshi>	Shorts ES @ 1183.00 -> small size
	2 only
<+rickf>	exit 82.25 i think ... chart/dom froze on me	10:49
<@NihabaAshi>	Covered all ES Short @ 1182.75 --> + 0.25
	GKot the direction finally correct...	10:50
	I just can't hold the trades :(
<+silo>	Covered 1/2 YM Short @ 10793 --> + 25
	Covered Remainder YM Short @ 10800 --> + 18	10:51
	Long YM @ 10812
	Exited all YM Long @ 10833 --> + 21	10:55
<+szubaark>	trend is down, but still impossible to get any points out of it due to the pullbacks :((	10:56
<+T-stop>	nice silo
<+silo>	thanks	10:57
<Andy>	vn silo	10:58
<+silo>	100 bucks short of reaching dialy target
<+T-stop>	very cool	11:00
	gotta be nimble today
	even scalping
<+silo>	Long YM @ 10823	11:02
	in a bit too early	11:03
	Exited all YM Long @ 10813 --> - 10
<+rickf>	back in a bit
<breakout>	if ym get over 748 can try long es or ym there	11:07
<+breakout>	was 5900 lot
	if they cov down here we can squeeze up
	500 lot not 5900	11:08
	84 85.5 resis es
<+T-stop>	77 sm fib lvl, 78 pvt	11:14
<oaktree>	buy spy 118.25	11:20
<+T-stop>	vix 33.4 2x, may get a lil up here, imo
<@NihabaAshi>	Long ES @ 1179.50 -> small size	11:23
	3 only
	Exited all ES Long @ 1179.00 --> - 0.5	11:25
<+szubaark>	Weak Support Area
<@NihabaAshi>	Shorts ES @ 1178.00 -> medium size
	4 only
<+szubaark>	so far, any rally to upside is quickly crushed	11:26
	Hopefully i can catch a WRB soon to exit my position	11:27
<@NihabaAshi>	Covered 3/4 ES Short @ 1173.75 --> + 4.25	11:28
<+T-stop>	vn
<@NihabaAshi>	Holding 1 contract remainder
<+szubaark>	Nice Niha, especially that .50 loss where u reversed quickly
<@NihabaAshi>	Yeah...thanks to some info from the financial networks about the real deal behind the FED helping AIG	11:29
<+szubaark>	Covered all Short ES at 1168.50 --> + 14.75 «« paper »»
<@NihabaAshi>	Government looking for 12% in interest if AIG makes it
<+szubaark>	that makes up for all the earler losses i had :)	11:30
<+silo>	lol :P
<+T-stop>	nice
<Awash>	wtg szubaark
<+szubaark>	thanks.. the trend was nice to me this time	11:31
<@NihabaAshi>	szu...you profitable now on the simulator ???
<+Andy>	Long ES @ 1170 «« paper »»
<+szubaark>	yes.
<@NihabaAshi>	:)
<+Andy>	Exited 3/4 ES Long @ 1171 --> + 1 «« paper »»
<@NihabaAshi>	Covered Remainder ES Short @ 1172.00 --> + 6	11:32
<+breakout>	<breakout> ban on naked sh sselling start tomorrow	11:36
	<breakout> bloomberg
<GoodMood>	does this mean you no longer can short equities like IBM, ... ?	11:38
<+GoodMood>	or only options ?
<+breakout>	naked mean must b share available to sh i think
	can still sh	11:39
	brokerages been shorting more shares then available
	and hedge funds
<+T-stop>	longs not paying much today, so far
<+breakout>	as far as i know
<@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.	11:40
<intowin_away>	is the naked short ruling going to require shorts to cover if they entered naked?
<+breakout>	i dont know
<JimL>	that's good pt!!!
<+breakout>	when they impose on banks banks popped tho
	so pos this big lo so they can get out thats a guess	11:41
<Guest>	Covered 1/2 ER2 Short @ 683 --> + 21.9 «« paper »»
<+Andy>	Exited Remainder ES Long @ 1176 --> + 6 «« paper »»	11:43
<+szubaark>	taking a break..
* szubaark	is now known as szubaark_Away
* codehead_afk	is now known as codehead	11:47
<KN-SR>	Long ES @ 1178.00	11:50
<+KN-SR>	.75	11:51
	Long ES @ 1176.50	11:53
<pdays>	Shorts YM @ 10770
<+KN-SR>	.75
<+pdays>	Covered all YM Short @ 10755 --> + 15
<+KN-SR>	Exited ES Long @ 1176.25 --> - 0.25	11:54
	Reverse and Enter Short ES @ 1176.25
<+T-stop>	hey KN
<+KN-SR>	.75
	:)	11:55
	hi T-stop
	Long ES @ 1176.50	11:57
	stop 1.25
	1179.50 should be next
	brb
	this price has no direction	11:58
<+T-stop>	agree tricky price action
	especially w/ a small st
<+KN-SR>	only good trade was , i guess 9475-74.75	11:59
	no its all just tick here tick there
<+silo>	Shorts YM @ 10744
<+KN-SR>	:)	12:00
<+Guest>	Covered 1/2 ER2 Short @ 681.9 --> + 5.7 «« paper »»	12:01
<+silo>	Covered YM Short @ 10727 --> + 17
<+T-stop>	vn
<+Guest>	Covered Remainder ER2 Short @ 680.6 --> + 7 «« paper »»	12:03
<+breakout>	<breakout> mayb govt learn now sometimes a kick in ass work better then gift
	<breakout> slime rip everyone off then cry for help when lose
<+KN-SR>	nice
<+T-stop>	sure didn't expect to see es 60's today
<+breakout>	<breakout> well i mean after bush gone	12:04
	<breakout> learn and bush is oxymoron lol
<+rickf>	short es 1167.25	12:08
<+KN-SR>	good trading eveyone.......i m done :)	12:09
	see u all next time
<+T-stop>	tks, nice eve
	cya
<+KN-SR>	:)
	was waiting for 64.75	12:10
	think we are done for a while........in downside
	anyway, good luck
<+T-stop>	k, tks
<+Dokebilee>	Long ES @ 1167.50 «« paper »»
<+rickf>	out 69.25 -2
<+Dokebilee>	crap.. forgot it's lunch time	12:11
<+rickf>	;pmg es 1171.75	12:16
<+Dokebilee>	Exited all ES Long @ 1169.75 --> + 2.25 «« paper »»
	brb	12:17
<+rickf>	out 71 -.75 (late)	12:19
	long es 72 sm sz	12:22
* Kalle_away	is now known as Kalle
<+rickf>	exit 74.25 +2.25	12:23
<+breakout>	<breakout> u know the dif between cheney and palin	12:25
	<breakout> if palin shoot u in face she meant too lol
<+rickf>	short es 1169.25	12:28
	exit es 1167 +2.25	12:30
<@NihabaAshi>	Long ES @ 1173.50 -> small size	12:38
	2 only
	chasing
<+rickf>	long es 1173.75	12:39
<@NihabaAshi>	tighten trail profit	12:40
	Exited all ES Long @ 1173.75 --> + 0.25
	Long ES @ 1175.50 -> medium size	12:41
	4 only
<+silo>	Long YM @ 10751
<@NihabaAshi>	chasing
<+rickf>	exit 76
	+2.25
<@NihabaAshi>	volatility trying hard to increase	12:42
	Exited 3/4 ES Long @ 1179.75 --> + 4.25	12:43
	Holding 1 contract remainder
<+T-stop>	nice patience N
	vn
<+silo>	Exited 1/2 YM Long @ 10780 --> + 29	12:44
<@NihabaAshi>	tighten trail profit
	Exited Remainder ES Long @ 1178.50 --> + 3	12:45
	I'm above my profit goal for the day after a rough start	12:46
<+T-stop>	wtg
<+silo>	exit stop moved to breakeven YM @ 10751	12:47
	Exited Remainder YM Long @ 10751 --> 0
	Long YM @ 10746	12:52
<+rickf>	long es 1178	12:55
<+silo>	Exited 1/2 YM Long @ 10781 --> + 35	12:57
<ArcTrader>	vn
<@NihabaAshi>	Long ES @ 1179.75 -> small size
	2 only	12:58
<+silo>	Exited Remainder YM Long @ 10778 --> + 32
<@NihabaAshi>	Exited all ES Long @ 1178.75 --> - 1
<+T-stop>	nice wk today silo
<+silo>	daily target reached
<+rickf>	esit 1179 +1 :(
	FDIC hurting	13:01
	http://news.yahoo.com/s/ap/20080916/ap_o n_bi_ge/bank_deposits_safety
<+breakout>	y they raising premiums	13:03
<+silo>	Long YM @ 10764
	wow OPENECRY catching me some nice entries
	lol
	wow
<+rickf>	just disturbing
	yep :)
<@NihabaAshi>	Long ES @ 1178.75 -> small size
<+rickf>	OEC rocks
<@NihabaAshi>	2 only
<+breakout>	well hope country wakes up get rid repubs
<+silo>	ricky... you using it too?
<+rickf>	long es 1180
<+silo>	it's SICKKKK
<+rickf>	yep
<+breakout>	8 yrs moron
	not once twice make me sick	13:04
<+silo>	Exited 1/2 YM Long @ 10799 --> + 35
<+rickf>	exit 1180.25 +.25	13:06
<@NihabaAshi>	Exited all ES Long @ 1179.00 --> + 0.25
	:(
	geeesh
<+rickf>	no kidding
<@NihabaAshi>	one second I'm up almost 2 points and then the next second my trail is hit for 0.25 tick	13:07
	:(
<+silo>	gonna let this half ride the breakout	13:08
	if it happens
<+rickf>	long es 1180.25
<+silo>	stop : 10764	13:09
<+rickf>	exit 78.25 -2	13:11
<+silo>	wow came so close to my stop lol	13:12
	almost hit it twice ... if it wasn't for that one dollar difference :)
	but looks like price will drop	13:13
	Exited Remainder YM Long @ 10764 --> 0
<+rickf>	this market is unbelievalbe
* Kalle	[ short ES @ 77.75 ]
<+rickf>	when i started activetrading sp was high 1400s
	800+ swings on the dow in a week.....geesh	13:14
<+breakout>	it options too
<@NihabaAshi>	Shorts ES @ 1176.25 -> small size
<+breakout>	and close eo fund yr
<@NihabaAshi>	2 only
<+breakout>	whenever we squeeze b massive	13:15
<+rickf>	short es 1174.75
<+breakout>	world is sh
<+silo>	Shorts YM @ 10740
* +Kalle	[ out ES @ 74.75 +3.0 ]
<+silo>	Covered all YM Short @ 10754 --> - 14	13:16
<@NihabaAshi>	Covered all ES Short @ 1175.75 --> + 0.5
<+silo>	Long YM @ 10764
<@NihabaAshi>	Shorts ES @ 1175.00 -> small size	13:17
	2 only
<+silo>	Exited all YM Long @ 10749 --> - 15
<@NihabaAshi>	Shorts ES @ 1174.00 -> Add
* +Kalle	[ flat ES @ 73.75 +4.0 ]	13:18
<+silo>	2 losses here	13:20
	this area is too choppy for me
	will not try it again
	and give away profits
	will wait for a better area to look for setups
* +Kalle	[ long ES @ 73.75 ]
<+Kalle>	risky one
<+Guest>	Long ER2 @ 681.7 «« paper »»	13:21
<@NihabaAshi>	Covered all ES Short @ 1175.50 --> - 2
* +Kalle	[ out ES @ 76.25 +2.5 ]
<+rickf>	exit 75.75 -1
	GRARGH
<@NihabaAshi>	Long ES @ 1177.00 -> small size	13:22
	2 only	13:23
<+szubaark_Away>	nick szubaark
* szubaark_Away	is now known as szubaark
* +Kalle	[ out ES @ 78.25 +4.5 ]
<+rickf>	long es 77 (late)
	reverse short 76
<+Kalle>	st 74.25	13:24
<@NihabaAshi>	That 1175.75 Long entry I missed starting to look nice about now
	Exited all ES Long @ 1175.00 --> - 2	13:26
<+rickf>	exit es 74 +2
<@NihabaAshi>	Shorts ES @ 1173.75 -> small size	13:27
<+rickf>	runner here maybe
<@NihabaAshi>	3 only
<+szubaark>	Shorts ES @ 1173 «« paper »»
<@NihabaAshi>	I've only caught two runners today...everything else quickly retraced
<+szubaark>	Looks like we breaking away from this Consolidation	13:28
<@NihabaAshi>	volatility increasing	13:29
<+szubaark>	trailing Stop
	exit stop set ES @ 1172.75 «« paper »»
<@NihabaAshi>	reason why I tried adding to a prior short that resulted in a loss :(
	thought the volatility increase would continue
	Covered 2/3 ES Short @ 1167.50 --> + 6.25	13:30
	Holding 1 contract remainder
<+breakout>	<breakout> so for those believe in ppd they asleep lol	13:31
	<breakout> mayb they sh lol
<@NihabaAshi>	caught my 3rd runner of the day just in time
	getting ready to take a late lunch
<+szubaark>	Hammer just fromed :(	13:32
<@NihabaAshi>	exit stop lowered ES @ 1173.25
	Be back later...family distraction and lunch	13:33
<+breakout>	<breakout> aig in so many funds
	people wiped ot retirement etc
<@NihabaAshi>	Will post late trade result if that trailing stop on the contract is hit while I'm gone.
<+silo>	Long YM @ 10713	13:34
* NihabaAshi	is now known as NihabaAshi_away
<@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
<+silo>	Exited all YM Long @ 10700 --> - 13	13:35
<+szubaark>	tightening trailing Stop	13:36
	exit stop set ES @ 1169.75 «« paper »»
<+T-stop>	gc up 78, wow	13:38
<+szubaark>	Covered all Short ES at 1165.50 --> + 7.5 «« paper »»
<+rickf>	wtg szu	13:40
<+szubaark>	thanx..
<+rickf>	wow....goldman is 100, down 30	13:41
<@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.	13:43
<+Andy>	Long ES @ 1165 «« paper »»	13:44
<+Andy>	Exited 1/2 ES Long @ 1166.5 --> + 1.5 «« paper »»
<+rickf>	you know what would hurt? the fomc cutting rates on friday morning premarket -- catch all the shorts offguard on expiration friday (again)
	might be the cleaning-up we need?	13:45
<+werner>	:)
<+szubaark>	would hate to be SHort when that happens :))	13:46
<+rickf>	short es 1166
<+Andy>	Exited Remainder ES Long @ 1165.5 --> + 0.5 «« paper »»	13:47
<+rickf>	exit b/e
	too fast
<+Andy>	yes
	cannot compete with computers	13:48
<+szubaark>	yes
* +rickf	serves me right for moving my stop :(
<+rickf>	would have hit had i left it alone
	er my limit
<+szubaark>	they have computers with Intel chips that we wont see on market in next 10 years
<+Andy>	Long ES @ 1164.5 «« paper »»	13:51
	Exited 1/2 ES Long @ 1168 --> + 3.5 «« paper »»	13:52
<+Guest>	Long ER2 @ 679.4 -> Add «« paper »»
<+Andy>	Exited Remainder ES Long @ 1168 --> + 3.5 «« paper »»	13:53
<+rickf>	nice	13:56
<+szubaark>	Buys ES @ 1169 «« paper »»
<+Guest>	i'm gonna guess we at the bottom and up from here
<+szubaark>	trailing Stop	13:57
	exit stop set ES @ 1169.25 «« paper »»
<+rickf>	long es 1170 sm sz	13:59
<+szubaark>	Exited all Long ES at 1169.25 --> + 0.25 «« paper »»	14:00
	pulled back too much
<+rickf>	out 69 -1	14:03
	long es 1171 sm sz	14:04
	exit 73.25 +2.25	14:05
<+szubaark>	Buys ES @ 1174 «« paper »»
<+silo>	Shorts YM @ 10742	14:07
<+ArcTrader>	s YM 10741 / CVR 10730 too fast to post	14:15
<+szubaark>	Exited all Long ES at 1168 --> - 6 «« paper »»
	Shorts ES @ 1168 «« paper »»
	damn, too wide of a Stop :(
<+silo>	Covered 1/2 YM Short @ 10683 --> + 59	14:16
	Covered Remainder YM Short @ 10696 --> + 46
	Long YM @ 10715	14:17
<+szubaark>	uh huh	14:18
<+rickf>	long es 1172	14:19
<+silo>	Exited all YM Long @ 10736 --> + 21	14:20
<+szubaark>	i got caught in this whipsaw :(	14:21
<+silo>	sorry i contributed to this whipsaw :D
	hehe
<+szubaark>	Covered all Short ES at 1173.75 --> - 5.75 «« paper »»
<+rickf>	out 74,50 +2.5
<+szubaark>	Buys ES @ 1173.75 «« paper »»	14:22
<+rickf>	long es 1175.25	14:23
	exit 77.25 +2.25
	long es 76.25	14:24
<+silo>	Shorts YM @ 10755	14:25
<estrader1>	short 75es
<+szubaark>	Wide Stops need to be used in this crazy Volatility
<+silo>	breakeven set to 10755	14:26
<+rickf>	out 75 -1.25 (late)
<+silo>	Covered all YM Short @ 10755 --> 0
	dangerous area	14:27
	fast price action
<+Guest>	Exited all ER2 Long @ 684 --> + 6.9 «« paper »»
<+szubaark>	Expecting huge move from this area
<+silo>	it will sooner or later	14:28
<+estrader1>	out 1/2 74 +1 other 1/2 out 77-2
<+szubaark>	lots of people getting whipsawed here (including me)
<+silo>	it tried to go above it 4 times already
	i'm staying away fromt hsi area
	too risky
<+szubaark>	trailing Stop
<+silo>	although the reward could be big
	:D
<+szubaark>	exit stop set ES @ 1174 «« paper »»
<+Awash>	here comes a retest of the 12:00 reaction	14:29
<+rickf>	long es 81 sm sz
<+Awash>	reaction high
<+estrader1>	s81 es
<+rickf>	exit 85 +4	14:30
	actually 84.75 so +4,75
<+Guest>	Shorts ER2 @ 686.4 «« paper »»	14:31
<+szubaark>	[14:28] > Expecting huge move from this area
	[14:28] > lots of people getting whipsawed here (including me)
<+rickf>	yeah you called it right :)
	long es 81.25 sm sz	14:33
	out 83.50 +2.25
<+estrader1>	out 83 -2
<+rickf>	leaving my 2.25 targets in place now	14:34
* NihabaAshi_away	is now known as NihabaAshi
<+rickf>	seems to be better for me - keeps me from getting greedy	14:35
<@NihabaAshi>	Late trade post...
<+Guest>	Covered ER2 Short @ 686.8 --> - 0.4 «« paper »»
	Reverse and Enter Long ER2 @ 686.8 «« paper »»
<+szubaark>	Exited all Long ES at 1187 --> + 13.25 «« paper »»
<@NihabaAshi>	My remaining contract hit @ 14:05:02
	Trailing Stop Hit ES @ 1173.25 --> + 0.5
<+Andy>	Shorts ES @ 1187 «« paper »»
<+szubaark>	this is crazy Volatility.. caught some Huge runners today
<+Andy>	Covered 3/4 ES Short @ 1185 --> + 2 «« paper »»	14:36
	Covered Remainder ES Short @ 1184.5 --> + 2.5 «« paper »»	14:38
<+Guest>	Long ER2 @ 685 -> Add «« paper »»
	Long ER2 @ 686.2 -> Add «« paper »»	14:39
<+estrader1>	s88
<+breakout>	848 85 sup	14:40
<@NihabaAshi>	Shorts ES @ 1187.00 -> small size
	3 only
<+estrader1>	1/2 off 86 +3
	+2	14:41
<@NihabaAshi>	jumpy
	tight trail
<+T-stop>	really jumpy	14:42
	sheesh
<+estrader1>	crazy hard to only use 1.25 stops
<+Guest>	Exited all ER2 Long @ 687.9 --> + 2.8 «« paper »»
<@NihabaAshi>	Covered all ES Short @ 1186.75 --> + 0.25
	geeesh
<+rickf>	damn, ticky day	14:43
<@NihabaAshi>	Shorts ES @ 1185.75 -> small size	14:45
<+Guest>	Shorts ER2 @ 687.5 «« paper »»
<@NihabaAshi>	2 only
<+estrader1>	off more 85+3	14:46
<+T-stop>	if we break that 90 area may squeeze into close, imo
<@NihabaAshi>	Covered ES Short @ 1187.75 --> - 2
<+Guest>	Covered ER2 Short @ 688.2 --> - 0.7 «« paper »»
	Reverse and Enter Long ER2 @ 688.2 «« paper »»
<+rickf>	long es 1190.50	14:47
<@NihabaAshi>	Long ES @ 1190.50 -> medium size
	4 only
<+breakout>	pos squeeze from hell
<+szubaark>	lol
<+rickf>	out 89.50 -1
<@NihabaAshi>	Exited all ES Long @ 1186.50 --> - 4	14:50
<+Guest>	Exited ER2 Long @ 689 --> + 0.8 «« paper »»
	Reverse and Enter Short ER2 @ 689 «« paper »»
<+T-stop>	vix h 35.8, pb to 34 now, at sup impt lvl
<@NihabaAshi>	Shorts ES @ 1185.25 -> medium size
<+Guest>	Covered all ER2 Short @ 686.5 --> + 2.5 «« paper »»
<+rickf>	short es 1182.50	14:52
	exit 80.25 +2.25	14:53
<+Guest>	Long ER2 @ 685.6 «« paper »»
<@NihabaAshi>	Covered all ES Short @ 1182.00 --> + 3.25	14:54
<+T-stop>	vn Niha
<+rickf>	short es 82.50
<@NihabaAshi>	I'm still 2x above my profit goal for the day.
<+T-stop>	)	14:55
<+estrader1>	wtg:)
<@NihabaAshi>	Increasing my size via trying to catch something big...
	Called GREED.
<+szubaark>	Niha i know you loving this Volatility, have a Big smile on your face right now
<@NihabaAshi>	Yeah...just gottat catch a runner
	Shorts ES @ 1181.25 -> medium size	14:56
<+Guest>	Long ER2 @ 685.1 -> Add «« paper »»
<+rickf>	exit es 80.25 +2,25	14:57
	short es 78.75	14:58
	exit 80.75 -2	14:59
<@NihabaAshi>	Covered all ES Short @ 1181.00 --> + 0.25
<+rickf>	short es 1181	15:00
<+Guest>	Long ER2 @ 684.9 -> Add «« paper »»
<@NihabaAshi>	Shorts ES @ 1182.75 -> medium size	15:01
<+rickf>	exit 82 -1
<+szubaark>	Buys ES @ 1183.75 «« paper »»
<@NihabaAshi>	Covered all ES Short @ 1183.75 --> - 1
	worst type of exit...stop hit almost as soon as trade is entered :(
<+szubaark>	Trailing Stop
	exit stop set ES @ 1184 «« paper »»
	Exited all Long ES at 1184 --> + 0.25 «« paper »»	15:02
	crazy
<+rickf>	long es 85.50
<+szubaark>	Buys ES @ 1185.75 «« paper »»
<+rickf>	out 87.75 +2.25
<+Guest>	Exited all ER2 Long @ 686.8 --> + 3.1 «« paper »»
<+szubaark>	exit stop raised ES @ 1186 «« paper »»	15:03
<@NihabaAshi>	Long ES @ 1188.00 -> medium size
	4 only
	great volatility but a little too fast
<+rickf>	long es 88.75	15:04
<+szubaark>	need lots of in/out trades to catch that big winner as its not easy
<+rickf>	out 90.75 +2
	yup
	forget base hits, i'm just hoping to hit the darn ball :(
<@NihabaAshi>	Exited all ES Long @ 1189.00 --> + 1
<+Guest>	Shorts ER2 @ 688.4 «« paper »»	15:05
<@NihabaAshi>	Long ES @ 1188.00 -> medium size
	geeesh
<+rickf>	long es 88.25
	out 90.50 +2.25
<+T-stop>	may go here	15:06
<+rickf>	long es 91
<+T-stop>	gc pb
<+szubaark>	tightening trail
<+rickf>	out 93.25 +2.25
<@NihabaAshi>	I was able to get every trade posted during that volatility rise and fast trades except for one...
	A loser of -0.5	15:07
<+szubaark>	exit stop set ES @ 1188 «« paper »»
<+Guest>	Shorts ER2 @ 690.7 -> Add «« paper »»
<@NihabaAshi>	Exited all ES Long @ 1190.00 --> + 2
<+T-stop>	I don't know how you do it, but its appreciated
* +silo	is done for the day	15:10
<+Guest>	Covered ER2 Short @ 689.1 --> - 0.7 «« paper »»
	Reverse and Enter Long ER2 @ 689.1 «« paper »»
	Exited all ER2 Long @ 691 --> + 2.2 «« paper »»	15:11
<Awash1>	.
<+szubaark>	trailing Stop	15:12
	exit stop set ES @ 189 «« paper »»
	exit stop set ES @ 1189 «« paper »»
<@NihabaAshi>	volatility slowing down but it feels like its just trying to catch its 2nd wind
<+estrader1>	s92.25
<+Guest>	Long ER2 @ 690.2 «« paper »»	15:13
* Awash1	is now known as Awash
<+szubaark>	approaching that tough 1200 Level again, lets see if they break it this time
<+estrader1>	out 1/2 89.25 +3	15:14
<+rickf>	vn
<+szubaark>	Exited all Long ES at 1188.25 --> + 2.5 «« paper »»
<+rickf>	:
	:)
<@NihabaAshi>	Shorts ES @ 1188.00 -> small size
	1 contract only
	:(
	trade error
<+rickf>	short es 1188
<@NihabaAshi>	Covered ES Short @ 1187.75 --> + 0.25
<+Guest>	Long ER2 @ 688.1 -> Add «« paper »»	15:15
<@NihabaAshi>	Houdini Escape out of the trade error
<+estrader1>	0ut rest 87.25 +5
<+rickf>	out b/e
	goofy stop
	short es 86.25	15:17
	out 87.50 -1.5	15:18
<+szubaark>	Buys ES @ 1190.25 «« paper »»	15:19
<+rickf>	short es 86.75	15:20
<+szubaark>	Exited all Long ES at 1185.50 --> - 4.75 «« paper »»	15:21
<+Guest>	Long ER2 @ 687.6 -> Add «« paper »»	15:22
<+rickf>	out 84.75 +2
	short es 84.75
	out 82.50 +2.25	15:23
	shjort es 82.25
* Awash	is now known as Awash_afk	15:25
<+rickf>	exit 83.50 -1.25
	short es 83.25	15:26
<+szubaark>	Buys ES @ 1185.75 «« paper »»
<+Guest>	Exited all ER2 Long @ 689.3 --> + 0.8 «« paper »»	15:27
<+rickf>	short es 85	15:28
	out 85.50 -.50	15:29
	short es 84.50	15:30
	late
<+szubaark>	Exited all Long ES at 1183.25 --> - 2.5 «« paper »»
<+rickf>	exit es 82.50 +2	15:31
<+Guest>	Shorts ER2 @ 688.7 «« paper »»	15:34
<+szubaark>	Shorts ES @ 1179 «« paper »»
<+rickf>	short es 79	15:35
<+Guest>	Covered all ER2 Short @ 686.5 --> + 2.2 «« paper »»	15:36
<+rickf>	eit 76.75 +2.25
<+szubaark>	trailing Stop	15:37
	exit stop set ES @ 1178 «« paper »»
<+Guest>	Long ER2 @ 682.9 «« paper »»	15:39
	Long ER2 @ 681.5 -> Add «« paper »»	15:40
<+szubaark>	Covered all Short ES at 1173.75 --> + 5.25 «« paper »»	15:42
	Shorts ES @ 1171.75 «« paper »»	15:44
<+rickf>	short es 1171
	out 72 -1	15:46
<+szubaark>	Covered all Short ES at 1173.50 --> - 1.75 «« paper »»
	Buys ES @ 1173.50 «« paper »»
<+rickf>	short es 71.75	15:48
<+szubaark>	Exited all Long ES at 1171 --> - 2.5 «« paper »»
	Shorts ES @ 1171 «« paper »»
<+Guest>	maybe last bounce up	15:49
<@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.
<+szubaark>	chop suey up here
<+rickf>	out 69	15:50
	+2.75
<+szubaark>	nice rick
<+Guest>	or down
<+szubaark>	lol
<+rickf>	ty
<+estrader1>	S69	15:51
<+szubaark>	trailing Stop	15:52
<+rickf>	short es 67.75
<+szubaark>	exit stop set ES @ 1170 «« paper »»
<+estrader1>	1/2 OUT 67.5
<+szubaark>	we approaching lows and its late in day should get intresting now LOL
<+rickf>	out 65.25 +2.25	15:53
<+estrader1>	rest out 66 +3
<+szubaark>	Covered all Short ES at 1166.75 --> + 4.25 «« paper »»	15:54
<@NihabaAshi>	Shorts ES @ 1164.25 -> small size	15:55
<+szubaark>	Shorts ES @ 1163.75 «« paper »»
<@NihabaAshi>	2 only
<+szubaark>	just trying to catch end of day spike	15:56
<+Guest>	Long ER2 @ 679.5 -> Add «« paper »»
<+rickf>	done for the day	15:57
<+szubaark>	Covered all Short ES at 1160.25 --> + 3.5 «« paper »»
<+rickf>	gotta doa massive reboto here
	nice szu	15:58
<+szubaark>	thnx.. fantastic day and Volatility
<+rickf>	no kidding
	have a good one -- see you tomorrow
<+Guest>	Long ER2 @ 676.5 -> Add «« paper »»	15:59
<@NihabaAshi>	Covered all ES Short @ 1158.00 --> + 6.25
<+szubaark>	Nice Niha.
<@NihabaAshi>	Glad I caught something of that big down move because I was away from the computer between 1515pm - 1554pm est due to family distractions	16:00
<+werner>	gn all	16:31
<+breakout>	<breakout> we at 50% retrace of bull market	16:44
	<breakout> since 2002 i think
	wamu up for sale could b surprize news tonite or tomorrow
<@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: Wed Sep 17 21:24:38 2008	20:01
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.

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TheStrategyLab.com

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