#FuturesTrades September 22nd 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 22 08:31:01 2008Session Ident: #futurestrades
* Now	talking in #futurestrades	08:31
<@X>	[NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<@NihabaAshi>	Good morning all	08:34
<T-stop>	gm
<AndyP>	GM	08:53
* Kalle	is now known as Kalle_away	09:19
<ItalianSharp>	morning all
<Andy>	gm	09:21
<+Andy>	IS and all
<+ItalianSharp>	hey andy
<+Andy>	:)
<+ItalianSharp>	Is the investment banking era over?
<+Andy>	nah...	09:22
<+ItalianSharp>	will we soon get Goldman Sachs debit cards?
<+Andy>	no way the greed will be stuffed in a bag of regulations
	it will come OUT
	it is just hiding underneath the bed right now
<+ItalianSharp>	i am sure greed will survive this crisis, yet the structural changes Goldman and Morgan underwent over the weekend are a milestone in the industry	09:23
	There are leverage limitations to a holding bank as opposed to an investment bank
<+Andy>	yes...I'm looking forward to getting my first Goldman Sachs kitchen remodeling loan
<+ItalianSharp>	lol
<+Andy>	:)	09:24
<werner>	gm all	09:25
<+Andy>	gm werner
<+werner>	hi andy
<drt>	gm all	09:30
<+werner>	gm drt
<PapaJon>	gm all	09:31
<silo>	Shorts YM @ 11365
<@NihabaAshi>	Shorts ES @ 1245.50 -> small size	09:32
	3 only	09:33
<+silo>	Covered all YM Short @ 11137 --> + 228
	out at 11337
	my bad
	+28
<@NihabaAshi>	Covered all ES Short @ 1245.25 --> + 0.25	09:34
<LP>	tfz08 not woking at TS for me	09:35
<+Andy>	Long ES @ 1244 «« paper »»	09:36
<szubaark>	Shorts ES @ 1243.75 «« paper »»	09:37
<+Andy>	Exited 3/4 ES Long @ 1245.25 --> + 1.25 «« paper »»
<+LP>	TF ok after re log
<+Andy>	Exited Remainder ES Long @ 1246 --> + 2 «« paper »»	09:38
<@NihabaAshi>	Long ES @ 1245.25 -> medium size
	4 only
	Exited ES Long @ 1244.25 --> - 1	09:39
<+szubaark>	exit stop set ES @ 1246.75 «« paper »»
<ripsboy>	gm all...
<+szubaark>	exit stop set ES @ 1246 «« paper »»	09:40
<@NihabaAshi>	Shorts ES @ 1242.50 -> medium size
	4 only
<+szubaark>	tightening Stop	09:41
<@NihabaAshi>	tighten trail profit
<+szubaark>	exit stop moved to breakeven ES @ 1243.75 «« paper »»	09:42
	Covered all Short ES at 1238.25 --> + 5.5 «« paper »»
<@NihabaAshi>	Covered all ES Short @ 1239.75 --> + 2.75	09:43
<+Andy>	Long ES @ 1239 «« paper »»	09:44
	Exited all ES Long @ 1239.75 --> + 0.75 «« paper »»	09:45
<+szubaark>	Shorts ES @ 1238 «« paper »»	09:46
<@NihabaAshi>	weak support level failure	09:47
<+Andy>	Long ES @ 1238 «« paper »»
<+silo>	Long YM @ 11287
<+Andy>	Exited 1/2 ES Long @ 1239.5 --> + 1.5 «« paper »»
<+szubaark>	Covered all Short ES at 1241 --> - 3 «« paper »»	09:48
<@NihabaAshi>	Long ES @ 1241.00 -> small size
	3 only
<+Andy>	Exited Remainder ES Long @ 1241.25 --> + 3.25 «« paper »»	09:49
<+silo>	Exited all YM Long @ 11300 --> + 13
	Long YM @ 11307	09:50
	Exited all YM Long @ 11297 --> - 10
<+szubaark>	Shorts ES @ 1240 «« paper »»
<+silo>	Long YM @ 11313	09:51
	Exited all YM Long @ 11298 --> - 15	09:53
	greedy trades :)
<@NihabaAshi>	Exited ES Long @ 1241.00 --> 0	09:54
	:(
	Long ES @ 1241.00 -> small size	09:55
	3 only
<+szubaark>	Contracting Volatility, expecting spike soon, hopefully to downside	09:56
	exit stop set ES @ 1242 «« paper »»
<@NihabaAshi>	Exited all ES Long @ 1239.25 --> - 1.75
<+szubaark>	tightening Stop	09:57
	exit stop moved to breakeven ES @ 1240 «« paper »»
<@NihabaAshi>	Long ES @ 1237.50 -> small size
	3 only	09:58
	Exited all ES Long @ 1239.25 --> + 1.75	10:00
	just paying commissions :(
<+szubaark>	this could develop into a brokers type day with this low Volatility	10:01
<+silo>	Shorts YM @ 11258
	Covered all YM Short @ 11272 --> - 14	10:02
<+szubaark>	tightening Stop	10:03
<@NihabaAshi>	Long ES @ 1239.50 -> small size
	3 only
<+szubaark>	Covered all Short ES at 1239.75 --> + 0.25 «« paper »»
	Buys ES @ 1240 «« paper »»
<@X>	#FuturesTrades Info -> Some members (including me) explain basic details about their trades posted in #FuturesTrades @ http://thestrategylab.com/forum/index.ph p?board=58.0 and there's a link there to take you to #FuturesTrades archived logs if you're interested in reviewing past trades or market commentary posted in #FuturesTrades.	10:04
<@NihabaAshi>	Exited all ES Long @ 1238.50 --> - 1	10:07
	Long ES @ 1239.00 -> small size	10:08
	3 only
<+silo>	these are intuitions right?
<+szubaark>	exit stop set ES @ 1237.50 «« paper »»	10:09
<@NihabaAshi>	Exited all ES Long @ 1239.25 --> + 0.25
* Retrieving	#futurestrades modes...
<@NihabaAshi>	Long ES @ 1238.75 -> small size	10:10
	3 only	10:11
<+szubaark>	tightening Stop
	exit stop set ES @ 1238 «« paper »»
<@NihabaAshi>	Exited all ES Long @ 1239.00 --> + 0.25	10:12
<+szubaark>	Exited all Long ES at 1238 --> - 2 «« paper »»
	Shorts ES @ 1237 «« paper »»
<@NihabaAshi>	Shorts ES @ 1237.75 -> medium size	10:14
	4 only
	Covered all ES Short @ 1237.25 --> + 0.5	10:16
<+Andy>	instead of being "stopped out"...I have been "bored out"...that is when the PA is so tedious your head hits the desk	10:17
<+silo>	none of my nasdaq related charts are working at all	10:18
<@NihabaAshi>	Shorts ES @ 1234.50 -> medium size	10:19
<+szubaark>	exit stop moved to breakeven ES @ 1237 «« paper »»
<@NihabaAshi>	4 only
<+szubaark>	Volatility spike	10:20
<+Andy>	Long ES @ 1233.5 «« paper »»	10:21
	Long ES @ 1232.75 -> Add «« paper »»	10:22
	doesn't look good
<@NihabaAshi>	Covered all ES Short @ 1233.25 --> + 1.25
<+Andy>	Exited 3/4 ES Long @ 1234 --> + 1.25 «« paper »»	10:23
<+szubaark>	exit stop set ES @ 1235.50 «« paper »»	10:27
	Covered all Short ES at 1235.50 --> + 1.5 «« paper »»	10:28
<@NihabaAshi>	Long ES @ 1236.50 -> small size	10:30
	3 only
<+Andy>	Exited Remainder ES Long @ 1237 --> + 3.5 «« paper »»	10:31
<+szubaark>	nice Andy
<+Andy>	thanks szu :)	10:32
<@NihabaAshi>	Exited all ES Long @ 1239.00 --> + 2.5	10:35
	Be back later...need to take care of a crazy cough that's bugging the heck out of me.
<+szubaark>	Shorts ES @ 1238 «« paper »»	10:37
	Covered all Short ES at 1239.50 --> - 1.5 «« paper »»	10:42
<+silo>	Long YM @ 11272
<+Andy>	Shorts ES @ 1240 «« paper »»	10:43
	Covered 3/4 ES Short @ 1239 --> + 1 «« paper »»
<+silo>	good place for a trade i think.... whether yo're short or long
	stop area is easy to identify here	10:44
	and tight
<+szubaark>	Shorts ES @ 1238.25 «« paper »»
	trying again
<+silo>	Exited all YM Long @ 11255 --> - 17
<+szubaark>	same entry
<winmax60>	good morning all....	10:45
<+silo>	Long YM @ 11257	10:47
	trying again
<+szubaark>	tough area here	10:48
	Covered all Short ES at 1238.25 --> 0 «« paper »»	10:49
<+Andy>	Covered all ES Short @ 1239 --> + 1 «« paper »»	10:51
<+szubaark>	Shorts ES @ 1237 «« paper »»	10:53
	Covered all Short ES at 1239.50 --> - 2.5 «« paper »»	10:56
	Buys ES @ 1239.50 «« paper »»
	Exited all Long ES at 1238 --> - 1.5 «« paper »»	11:01
	Shorts ES @ 1237.50 «« paper »»
<+silo>	Exited YM Long @ 11242 --> - 15	11:02
	got greedy didn't exit :(
<+szubaark>	tightening Stop	11:05
	exit stop set ES @ 1237.25 «« paper »»
	tightening Stop	11:15
<+Andy>	Long ES @ 1233 «« paper »»
<+szubaark>	exit stop set ES @ 1236.50 «« paper »»
<+Andy>	Exited 1/2 ES Long @ 1234 --> + 1 «« paper »»
	Exited Remainder ES Long @ 1232.75 --> - 0.25 «« paper »»	11:16
	couldn't get my stop off fast enough...went short...then got out of that...total breakeven trade	11:17
<@NihabaAshi>	Shorts ES @ 1232.00 -> small size	11:21
	2 only
<+szubaark>	exit stop set ES @ 1235.50 «« paper »»
<@NihabaAshi>	Covered all ES Short @ 1228.75 --> + 3.25	11:23
<+szubaark>	Nice Niha.
<ArcTrader>	bit more	11:24
<+ArcTrader>	Long YM @ 11205 «« paper »»	11:27
	Exited Remainder YM Long @ 11205 --> 0 «« paper »»	11:32
<@NihabaAshi>	Shorts ES @ 1229.00 -> small size	11:33
	2 only
<+szubaark>	tightening Stop	11:34
	exit stop set ES @ 1231.50 «« paper »»
<@NihabaAshi>	Covered all ES Short @ 1228.50 --> + 0.5	11:37
<+szubaark>	Covered all Short ES at 1230 --> + 7.5 «« paper »»	11:39
	have to Leave, reason for EARLY exit
* szubaark	is now known as szubaark_away	11:40
<+Andy>	Long ES @ 1227.25 «« paper »»	11:43
<@NihabaAshi>	Shorts ES @ 1226.75 -> small size	11:44
	2 only
<+Andy>	Exited all ES Long @ 1226.25 --> - 1 «« paper »»	11:45
	Long ES @ 1226.25 «« paper »»	11:47
<@NihabaAshi>	Covered all ES Short @ 1226.50 --> + 0.25	11:49
	correction
	Covered all ES Short @ 1227.50 --> - 0.75
<+Andy>	Exited all ES Long @ 1226.75 --> + 0.5 «« paper »»	11:51
<@NihabaAshi>	Shorts ES @ 1227.00 -> small size	11:53
	3 only
	Covered all ES Short @ 1228.50 --> - 1.5	11:54
	Long ES @ 1228.00 -> medium size	11:55
	4 only
<+Andy>	vn Niha	11:56
<@NihabaAshi>	tighten trail profit	11:58
	Exited all ES Long @ 1230.25 --> + 2.25	12:01
	Shorts ES @ 1229.75 -> small size
	1 only
<+silo>	Shorts YM @ 11198	12:02
<@NihabaAshi>	Covered ES Short @ 1229.25 --> + 0.5	12:03
	Trade error and Houdini Escape at a profit out of the bad trade
<+Andy>	Shorts ES @ 1229.75 «« paper »»	12:09
<@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.	12:10
<+Andy>	Covered all ES Short @ 1229.75 --> 0 «« paper »»	12:11
<+silo>	Covered 1/2 YM Short @ 11181 --> + 17	12:17
<Andy>	Shorts ES @ 1228.25 «« paper »»	12:23
<+silo>	Covered Remainder YM Short @ 11197 --> + 1	12:25
	Long YM @ 11198
<+Andy>	Covered all ES Short @ 1229.25 --> - 1 «« paper »»	12:26
* codehead_afk	is now known as codehead	12:32
* szubaark_away	is now known as szubaark	12:33
<+silo>	Exited 1/2 YM Long @ 11223 --> + 25	12:34
<@NihabaAshi>	Long ES @ 1233.00 -> small size	12:36
	2 only
<+silo>	Exited Remainder YM Long @ 11216 --> + 18	12:43
<+szubaark>	Shorts ES @ 1232.25 «« paper »»	12:44
<@NihabaAshi>	Exited all ES Long @ 1232.00 --> - 1	12:45
<+szubaark>	exit stop set ES @ 1233.50 «« paper »»	12:46
	Tight Stop
<@NihabaAshi>	Long ES @ 1232.00 -> small size	12:47
	2 only
<+szubaark>	exit stop moved to breakeven ES @ 1232.25 «« paper »»	12:48
	Covered all Short ES at 1232.25 --> 0 «« paper »»	12:50
	Buys ES @ 1232.25 «« paper »»
	tightening Stop	12:52
	exit stop moved to breakeven ES @ 1232.25 «« paper »»
<@NihabaAshi>	Exited all ES Long @ 1234.50 --> + 2.5	12:53
<+silo>	Long YM @ 11230
<+szubaark>	exit stop set ES @ 1233 «« paper »»	13:01
	Exited all Long ES at 1233 --> + 0.75 «« paper »»	13:02
	Shorts ES @ 1231 «« paper »»	13:05
	tightening Stop	13:07
	exit stop set ES @ 1232 «« paper »»	13:08
	Covered all Short ES at 1232 --> - 1 «« paper »»	13:10
<+silo>	wow
<+szubaark>	Shorts ES @ 1230.50 «« paper »»	13:15
	trying again	13:16
	exit stop moved to breakeven ES @ 1230.50 «« paper »»
	tightening Stop	13:17
	exit stop set ES @ 1230 «« paper »»
<+Andy>	Long ES @ 1227.25 «« paper »»	13:19
	Exited all ES Long @ 1226.25 --> - 1 «« paper »»	13:20
<+szubaark>	Weak Support Area	13:21
<+AndyP>	l 1226	13:22
	Long ES @ 1226
<+szubaark>	exit stop set ES @ 1229.50 «« paper »»	13:25
<+AndyP>	Exited ES Long @ 1228 --> + 2	13:26
<@NihabaAshi>	Long ES @ 1227.50 -> small size	13:28
	2 only
	Exited ES Long @ 1226.50 --> - 1	13:29
* Kalle_away	is now known as Kalle
<@NihabaAshi>	Long ES @ 1227.00 -> small size	13:30
	3 only
<+szubaark>	tightening Stop
	exit stop set ES @ 1229 «« paper »»
<@NihabaAshi>	Exited all ES Long @ 1227.25 --> + 0.25	13:31
<+szubaark>	Expecting Volatility spike soon, hopefully to downside, im Short	13:32
<@NihabaAshi>	Shorts ES @ 1227.00 -> small size	13:33
	2 only
	Covered all ES Short @ 1225.00 --> + 2	13:35
<+szubaark>	exit stop set ES @ 1228 «« paper »»	13:36
<@NihabaAshi>	Shorts ES @ 1223.75 -> small size
	2 only
	Covered all ES Short @ 1222.50 --> + 1.25	13:38
<+szubaark>	Will Target Gap close from Friday on this runner
<@NihabaAshi>	Long ES @ 1225.00 -> small size	13:41
	1 only
<+szubaark>	exit stop set ES @ 1227 «« paper »»	13:42
<@NihabaAshi>	Exited ES Long @ 1225.25 --> + 0.25	13:43
<+AndyP>	Shorts ES @ 1225 -> small size	13:44
	Covered ES Short @ 1226.25 --> - 1.25	13:45
<+szubaark>	Covered all Short ES at 1227 --> + 3.5 «« paper »»
<@NihabaAshi>	Long ES @ 1227.75 -> small size	13:46
	2 only
	Exited all ES Long @ 1226.75 --> - 1	13:47
	Long ES @ 1227.25 -> small size	13:48
	2 only
	volatility increasing
	Exited all ES Long @ 1226.25 --> - 1	13:49
<+szubaark>	Shorts ES @ 1226 «« paper »»	13:50
<@NihabaAshi>	Shorts ES @ 1225.50 -> small size
	3 only
<+AndyP>	Long EuroFx @ 147.54	13:51
<+szubaark>	Covered all Short ES at 1227.25 --> - 1.25 «« paper »»
<@NihabaAshi>	Covered ES Short @ 1227.00 --> - 1.5
	Reverse and Enter Long ES @ 1227.00
<+szubaark>	Buys ES @ 1227.25 «« paper »»
	exit stop moved to breakeven ES @ 1227.25 «« paper »»	13:53
<@NihabaAshi>	Exited all ES Long @ 1229.00 --> + 2	13:54
	Long ES @ 1229.75 -> small size	13:55
	3 only
	volatility still increasing
	Exited all ES Long @ 1229.00 --> - 0.75	13:57
	Long ES @ 1229.25 -> small size	13:59
	3 only
<+szubaark>	deep pullbacks on contracting Volatility, easy to get shaken out
<@NihabaAshi>	I haven't caught a runner all day although a few came close hadn't they not lost their volatility.	14:00
	:(	14:02
<+szubaark>	starting to feel like lunch hour all over again :((
	Exited all Long ES at 1227.25 --> 0 «« paper »»	14:03
	Buys ES @ 1228.50 «« paper »»	14:05
	Exited all Long ES at 1226.75 --> - 1.75 «« paper »»	14:06
<@NihabaAshi>	Exited ES Long @ 1225.25 --> - 4
	Reverse and Enter Short ES @ 1225.25
<+szubaark>	Shorts ES @ 1226.75 «« paper »»
<@NihabaAshi>	4 only
	volatility increasing more
<+szubaark>	we need followthru, so far it fizzled out quickly	14:07
<@NihabaAshi>	Covered all ES Short @ 1226.25 --> - 1
	volatility still increasing	14:08
<+szubaark>	Covered all Short ES at 1227 --> - 0.25 «« paper »»
<@NihabaAshi>	volatility declining	14:09
	Long ES @ 1275.75 -> medium size	14:10
	4 only
<+szubaark>	Buys ES @ 1228 «« paper »»
<@NihabaAshi>	correction
<+szubaark>	great entry :)
<@NihabaAshi>	Long ES @ 1227.75 -> medium size	14:11
	I hope not...I'll be a big loss :(
<+szubaark>	hopefully Volatility will pick up for remainder of the session	14:12
<@NihabaAshi>	tighten trail profit	14:14
<+szubaark>	exit stop moved to breakeven ES @ 1228 «« paper »»
<@NihabaAshi>	Exited all ES Long @ 1228.75 --> + 1	14:15
	too jumpy :(
	Long ES @ 1230.75 -> medium size	14:16
	4 only
<@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>	my IB quotes went out for 5 seconds :(
<+Andy>	Shorts ES @ 1231 «« paper »»	14:17
<+silo>	Exited all YM Long @ 51456 --> + 40226	14:18
<+szubaark>	exit stop set ES @ 1228.50 «« paper »»
<+silo>	Shorts YM @ 11185
<+Andy>	Covered 3/4 ES Short @ 1229.75 --> + 1.25 «« paper »»
<@NihabaAshi>	Exited all ES Long @ 1229.75 --> - 1	14:20
	somebody is talking now to explain the jumpy volatility in the markets	14:21
	somebody not on my speech calendar
	:(
<+szubaark>	Exited all Long ES at 1228.50 --> + 0.5 «« paper »»
<@NihabaAshi>	Shorts ES @ 1228.25 -> medium size	14:22
	4 only
<+AndyP>	What's up with oil going up and up
<+szubaark>	Shorts ES @ 1227 «« paper »»
<@NihabaAshi>	geeesh	14:23
<Kalle>	here comes ur homerun
<+silo>	Covered 1/2 YM Short @ 11151 --> + 34
	Covered Remainder YM Short @ 11150 --> + 35	14:24
<+szubaark>	exit stop moved to breakeven ES @ 1227 «« paper »»
<@NihabaAshi>	Covered all ES Short @ 1225.25 --> + 3
<+szubaark>	Covered all Short ES at 1227 --> 0 «« paper »»	14:25
	:((
<@NihabaAshi>	Long ES @ 1228.00 -> small size	14:26
	3 only
	volatility flatlined
<+szubaark>	im on sidelines, dont like this price action
<+codehead>	huge short squeeze on crude expiring october contract--crazy	14:27
<+silo>	Shorts YM @ 11169	14:28
<@NihabaAshi>	Exited all ES Long @ 1227.00 --> - 1	14:29
	Long ES @ 1227.00 -> small size
	3 only
<+silo>	Covered all YM Short @ 11182 --> - 13	14:31
<+szubaark>	Buys ES @ 1229.75 «« paper »»
<@NihabaAshi>	Eminis reacting to the short squeeze in Crude Oil ???
<+Andy>	Covered Remainder ES Short @ 1229.75 --> + 1.25 «« paper »»
<@NihabaAshi>	Exited all ES Long @ 1231.00 --> + 4
<Nesi>	Long ES @ 1230.75
<+szubaark>	Exited all Long ES at 1230 --> + 0.25 «« paper »»
	Buys ES @ 1231.50 «« paper »»	14:32
<@NihabaAshi>	volatility increasing
<+codehead>	CL oct closed, last trade 122.60--crazy
<+silo>	Shorts YM @ 11188	14:33
<+Nesi>	Long ES @ 1230.25 -> Add
<@NihabaAshi>	geeesh
<+szubaark>	Exited all Long ES at 1229 --> - 2.5 «« paper »»
<@NihabaAshi>	Lets see if the Eminis calm down
<+szubaark>	each Volatility spike is quickly faded (fakeout)	14:34
<+codehead>	CL hit 130 before close--wow
	the october contract (now expired)	14:35
<palmer>	what is the ticker for te crude eminis?
<+palmer>	on ts
<+Nesi>	Long ES @ 1229.50 -> Add
	last add
<+silo>	Covered all YM Short @ 11188 --> 0	14:36
<@NihabaAshi>	Long ES @ 1230.00 -> small size
	3 only
<+szubaark>	Buys ES @ 1230.25 «« paper »»
<+Kalle>	should be QM, palmer
<+Andy>	Shorts ES @ 1231 «« paper »»	14:37
<+palmer>	kalle i have qmz08	14:38
<@NihabaAshi>	jumpy
<+szubaark>	exit stop moved to breakeven ES @ 1230.25 «« paper »»
<+palmer>	but it saying 108
<+silo>	Long YM @ 11206
<+T-stop>	108 is right
	for Nov
<+palmer>	so which one is up $18
<+T-stop>	Oct	14:39
<+palmer>	i dont see tht
<+T-stop>	but its gone
<+palmer>	oh ok
<+T-stop>	wild
<+silo>	Exited all YM Long @ 11197 --> - 9
<@NihabaAshi>	Exited all ES Long @ 1230.50 --> + 0.5
<+szubaark>	Exited all Long ES at 1230.25 --> 0 «« paper »»
	Shorts ES @ 1230.25 «« paper »»
<+silo>	Shorts YM @ 11192
<+Andy>	Covered all ES Short @ 1230 --> + 1 «« paper »»
<+Kalle>	palmer, oct expired	14:40
<+codehead>	if you have IB, you can bring up the CL V8 chart if you ask for 2-day (it complained about expired contract when i tried 1 day)
	squeezed from 110 to 130
<@X>	#FuturesTrades Info ->  No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended without their permission. More info at http://www.thestrategylab.com/FuturesTradesChatRoom.htm
<+szubaark>	Covered all Short ES at 1230.25 --> 0 «« paper »»	14:42
	Shorts ES @ 1228.75 «« paper »»	14:43
<@NihabaAshi>	Shorts ES @ 1228.50 -> small size
	3 only
<+silo>	Covered 1/2 YM Short @ 11162 --> + 30	14:44
<+szubaark>	exit stop moved to breakeven ES @ 1228.75 «« paper »»
	moving Stop, dont trust this Price Action
<@NihabaAshi>	Covered all ES Short @ 1227.25 --> + 1.25	14:46
<+silo>	Covered Remainder YM Short @ 11173 --> + 19	14:48
	Long YM @ 11176	14:49
	Exited all YM Long @ 11162 --> - 14
<+szubaark>	approaching 3pm	14:50
	lets see what the 3pm Programs do
	exit stop set ES @ 1228.25 «« paper »»	14:51
<+winmax60>	3pm programs?? can I ask you what it is ???	14:52
<+szubaark>	its when the big houses change disks and we do a switch :)	14:53
	exit stop set ES @ 1228 «« paper »»
<+winmax60>	thanks for the answer...but can you tell me in plain language?? :-)) still confused... LOL	14:54
<+Andy>	Long ES @ 1224.75 «« paper »»
	Exited all ES Long @ 1223.5 --> - 1.25 «« paper »»	14:55
<@NihabaAshi>	Shorts ES @ 1221.75 -> small size	14:59
<+silo>	Shorts YM @ 11126
<@NihabaAshi>	2 only
<+silo>	Covered all YM Short @ 11140 --> - 14	15:00
<@NihabaAshi>	Covered ES Short @ 1223.75 --> - 2
	Reverse and Enter Long ES @ 1223.75
<+werner>	done here,see you all tomorrow	15:01
<+szubaark>	bye werner
<+silo>	Shorts YM @ 11142
<+werner>	:)
<+szubaark>	Covered all Short ES at 1224.50 --> + 4.25 «« paper »»	15:02
	hmmm.....each new low is bought HARD
<@NihabaAshi>	Exited all ES Long @ 1224.25 --> + 0.5	15:03
<+silo>	Covered YM Short @ 11150 --> - 8	15:04
	Reverse and Enter Long YM @ 11150
<@NihabaAshi>	Long ES @ 1224.50 -> small size	15:05
	3 only
	Exited all ES Long @ 1224.75 --> + 0.25	15:06
<+silo>	Exited all YM Long @ 11150 --> 0
<@NihabaAshi>	I get close to +50 ES points and then get hit a few times :(	15:07
	+45 is like a brick wall today	15:08
<+szubaark>	Ive been in Profit Protection mode since this morning
<@NihabaAshi>	Long ES @ 1224.75 -> small size	15:09
	2 only
	Exited all ES Long @ 123.75 --> - 1101
	-1	15:10
<+szubaark>	Buys ES @ 1225.50 «« paper »»
<@NihabaAshi>	Long ES @ 1225.50 -> small size
	3 only
<KN-SR_>	1225.00 short add	15:11
<+szubaark>	Exited all Long ES at 1223.25 --> - 2.25 «« paper »»
<@NihabaAshi>	Exited all ES Long @ 1223.75 --> - 1.75
<+szubaark>	Shorts ES @ 1222.50 «« paper »»
	nasty whipsaw candle just formed	15:12
<+KN-SR_>	out 12 1223 +2.00
	h6 + 2(1280)
	limit exit .50 for h6 of 1225	15:13
<+szubaark>	Covered all Short ES at 1223.75 --> - 1.25 «« paper »»
	Buys ES @ 1224.25 «« paper »»	15:14
	Exited all Long ES at 1222 --> - 2.25 «« paper »»	15:15
	Shorts ES @ 1222 «« paper »»
<@NihabaAshi>	Shorts ES @ 1221.25 -> medium size	15:16
	4 only :(
	weird fill
<+szubaark>	hopefully this new low wont quickly get bought and we pullback :(
<@NihabaAshi>	:(	15:17
<+KN-SR_>	out 3 1221 ............ + 4.00
	h 3 (1225) + 2(1280)
<@NihabaAshi>	Covered all ES Short @ 1220.75 --> + 0.5
	be back later	15:18
* NihabaAshi	is now known as NihabaAshi_away
<+KN-SR_>	out last 3(1225) 1220 ............ + 5.00
<+szubaark>	Niha left so Volatility should start picking up :)
<+KN-SR_>	h 2 (1280)
<+szubaark>	exit stop moved to breakeven ES @ 1222 «« paper »»
<+KN-SR_>	Covered 1/4 ES Short @ 1215.00 --> + 65	15:21
	h1
<+szubaark>	Nice KN.
<+KN-SR_>	thanks
<+codehead>	11040 is .500 retrace off the mkt bottom on YM
<+Andy>	vn KN	15:22
<+KN-SR_>	:)
	short 16.00	15:23
	limit exit for 16 .75
	out 12 1215 .....+ 1.00
	h6
	+ 1
<TraderG>	KN I need a loan. Would you co-sign it?	15:24
<+szubaark>	LOL
	me too
<+TraderG>	it's not a big loan....... just 6 figures	15:25
<+KN-SR_>	dont mind if all the 0s are infront of the rest
	thats 5 0z
<+TraderG>	hahahahaha
<+szubaark>	Covered all Short ES at 1213.25 --> + 8.75 «« paper »»	15:26
<+KN-SR_>	nice	15:27
<+szubaark>	thanks
<+Andy>	vn szu
<+ItalianSharp>	so much about banning short-selling...if a stock is a shitty stock, there won't be buyers to support its price and it'll fall no matter what	15:29
<+KN-SR_>	out 2 1213 .....+ 3.00 ......... H 4 + 1
<+ItalianSharp>	they should ban trading altogether
	short-selling ban can only slow down the fall, but it won't prevent it	15:30
<+KN-SR_>	agree
<+ItalianSharp>	in fact, that's exactly what they wanted to achieve
<+KN-SR_>	if fundamentals are not there to support any move up........its the only question how long........
<+ItalianSharp>	gain time to make structural reforms	15:31
	KN, exactly
<+Andy>	Long ES @ 1213 «« paper »»
<+ItalianSharp>	i was laughing hard at all my friends this weekend when all of them were anxious for monday morning when they'd call their broker and buy financials
<+KN-SR_>	:)
<+ItalianSharp>	they were like "it can't go down anymore"
<+KN-SR_>	well, we are now in a social system
<+Andy>	Exited all ES Long @ 1212 --> - 1 «« paper »»	15:32
<+ItalianSharp>	if they lose their cash, they deserve...that's just utter ignorance
<+KN-SR_>	if u have a gun problem .............u cannt stop ppl walking in the street.........thats not the root
<+ItalianSharp>	yep, welcome to the USSA - United Socialist States of America -
	gonna go get dinner...bbl
<+KN-SR_>	ttyl	15:33
	we will have a significant gap tomorrow morning........	15:34
<+TraderG>	up or down?
<estrader1>	to the up side?
<+KN-SR_>	europe session will make some good moves
<Dokebilee>	why?
<+KN-SR_>	should be down
	well. here what is now
	oil is 120 +
	september contract	15:35
<+codehead>	YM bounced off .500 retracement level i mentioned earlier
<+KN-SR_>	tomorrow it will go to nov i guess
	thats 108+ now
	but es already in current session
	contract i mean
	so oil has to make some adjustments..... es should do the same	15:36
<+codehead>	Ym got within 2 ticks of .500 retracement of the huge move off the bottom
<+KN-SR_>	oil will go up and es wil go down
<+szubaark>	ES gap filled from Friday :)
<+Dokebilee>	because of the bailout worries?
<+KN-SR_>	nop
	sep contracts, all contracts has to be cleared today	15:37
<+Dokebilee>	interesting..
	are the contracts cleared quarterly?
	or how does it work?	15:38
<+KN-SR_>	well, only that finance has no shorts.......so what ever resis u see now its all in that corner
<+TraderG>	KN aren't we in Oct contracts already in CL?
<+KN-SR_>	today is the last day	15:39
<+TraderG>	for Oct?
<+KN-SR_>	sep
	we are moving to nov
<+TraderG>	I have Oct on my screen. I don't understand
<+KN-SR_>	well, the deal is like this	15:40
<+Kalle>	october expired today, new front month is Nov @ CL
<+KN-SR_>	when u play with significant fund.....u go for 2 month contracts
	most of the big players do so
	yes
<+TraderG>	ok Thanks	15:41
<+KN-SR_>	sep 22 is the last day
<+TraderG>	i didn't know that.	15:42
<+KN-SR_>	i just got back home.....and just started working again on quotes......will have things much clr by tomorrow.....
	out 2 1210 .....+ 6.00 ......... H 2 + 1	15:43
<+AndyP>	If you day trade is there a diffrence what month you trade?	15:44
<+KN-SR_>	u should be in current contract	15:45
	thats where the most vols are
<+AndyP>	thanks KN
<+KN-SR_>	possition trades takes few months if u predict big moves	15:46
	out 1 1206 .....+ 10.00
	h 1 + 1
* NihabaAshi_away	is now known as NihabaAshi	15:47
<@NihabaAshi>	family distractions	15:48
	too bad I had to dump that medium size short
	There's always tomorrow :)
<+codehead>	YM pretty much got gap fill	15:51
<+KN-SR_>	limit exit for 1216.00 0.00	15:52
	limit exit for 1280.00 + 10.00
	bbl
<@NihabaAshi>	Long ES @ 1209.50 -> medium size	15:53
	4 pm;u
	4 only
<oaktree2>	long qqq calls	15:54
<@NihabaAshi>	Exited ES Long @ 1208.50 --> - 1
	Reverse and Enter Short ES @ 1208.50
	Shorts ES @ 1207.00 -> Add	15:55
	Covered all ES Short @ 1208.00 --> - 0.5	15:57
	Long ES @ 1208.50 -> medium size	15:58
	jumpy	16:00
	tighten trail profit	16:01
<+KN-SR_>	shrort 1210.00 add
	.25 limit
	out all 1210
	out all 1210.50	16:02
	limit exit 1210.50 1.25
<@NihabaAshi>	Exited all ES Long @ 1209.50 --> + 1
<+KN-SR_>	lrg
	out 18 + 1.00	16:03
	h 6 + 1 + 1
<@NihabaAshi>	Long ES @ 1210.25 -> medium size	16:04
	4 only
<+KN-SR_>	exits 1210.50 ( 1211.75) 1216.00 (1216.00) and 1280.00 (1270.00)..............	16:05
	take care all .....
	see u all next time
<+T-stop>	tks KN, cya
<+KN-SR_>	:)
	very very very tired right now :) .....cannt even leave my eyes open	16:06
<+T-stop>	I bet
	j lag
<+KN-SR_>	hit and out 1210.50
	h 1+1
	hopefully will see 1180 soon
	anyway..... good trading to all
<@NihabaAshi>	tighten trail profit	16:07
<+Andy>	gn all	16:09
<@NihabaAshi>	trail tighten more
	Exited all ES Long @ 1212.00 --> + 1.75	16:10
	Back at the +45 brick wall minus more commissions	16:11
	Take care all...twice had opportunities to go > +50 but missed a few opportunities not related to the market.	16:12
* NihabaAshi	is now known as NihabaAshi_away
<JimL>	r u here?	21:41
<@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.Session Close: Tue Sep 23 00:00:00 2008	22:34
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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