#FuturesTrades September 23rd Tuesday 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: Tue Sep 23 08:21:14 2008Session Ident: #futurestrades
* Now	talking in #futurestrades	08:21
<@X>	[NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
	#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.	08:55
<werner>	gm all	09:08
<KN-SR>	11.50 add short	09:14
<+KN-SR>	.75
	out 1/2 10.50 + 1.00	09:15
	h7
	out 1 10.00 ............ + 1.50	09:16
<@NihabaAshi>	Good morning all...looks like we won't have one of those big gaps at the open (2 days in a roll for ES)...could be a sign of some CALM in the markets.	09:18
	Could also be that we are now in the EYE of the STORM :)
<+KN-SR>	hit and out 12.25 - 0.75	09:20
	brb	09:21
	12.00 add short	09:23
	.50
	out 3/4 11.50 + 1.00	09:24
	not 11.50	09:25
	11.00
	h7
	brb
<Kalle>	nice fill
<ItalianSharp>	morning all
<drt>	gm	09:26
<+KN-SR>	hit and out 12.50 .50
	-.50	09:27
	brb
<Andy>	Shorts ES @ 1212 «« paper »»
<+Andy>	Covered all ES Short @ 1211.5 --> + 0.5 «« paper »»	09:31
<@NihabaAshi>	Long ES @ 1213.00 -> large size	09:32
<PapaJon>	gm all
<+KN-SR>	srt 1214.00	09:33
	large
	out 3/4 1213.00 + 1.00
	h7	09:34
	.50
<@NihabaAshi>	Exited all ES Long @ 1200.00 --> - 13
	ooops
<szubaark>	Shorts ES @ 1211.25 «« paper »»	09:35
<@NihabaAshi>	Exited all ES Long @ 1212.00 --> - 1
	10 only
<+KN-SR>	out 2 1210.00 + 4.00
<+szubaark>	exit stop set ES @ 1212.50 «« paper »»	09:36
<+silo>	Long YM @ 11034
<+szubaark>	tightening Stop	09:37
	exit stop moved to breakeven ES @ 1211.25 «« paper »»
<+KN-SR>	brb
<@NihabaAshi>	Shorts ES @ 1209.50 -> large size	09:38
	10 only
<+silo>	Exited all YM Long @ 11020 --> - 14
<@NihabaAshi>	tight trail profit	09:39
<+szubaark>	exit stop set ES @ 1210.75 «« paper »»
* +Kalle	[ long ES @ 7.75 scalp ]	09:40
	[ flat ES @ 8.75 +1 ]
<@NihabaAshi>	Covered all ES Short @ 1208.50 --> + 1
<+szubaark>	Covered all Short ES at 1210.75 --> + 0.5 «« paper »»	09:41
	Buys ES @ 1212 «« paper »»	09:42
	tightening Stop	09:43
	exit stop moved to breakeven ES @ 1212 «« paper »»
<+KN-SR>	add 14.00
	out 3/4 1213.00 + 1.00	09:44
<@NihabaAshi>	Long ES @ 1213.75 -> large size
<+KN-SR>	hit and out -.5
<@NihabaAshi>	6 only
* +Kalle	[ long ES @ 13.5 large ]	09:45
	[ out ES @ 15.5 +2.0 ]
<+KN-SR>	short 1215.25
	large
	out 3/4 1214.25 + 1.00
	h11	09:46
<+Andy>	Shorts ES @ 1215 «« paper »»
<+KN-SR>	.75
<+Andy>	Covered 3/4 ES Short @ 1214 --> + 1 «« paper »»
<@NihabaAshi>	Exited all ES Long @ 1214.25 --> + 0.5
<+szubaark>	tightening Stop
	exit stop set ES @ 1212.75 «« paper »»
<+KN-SR>	brb	09:47
<@NihabaAshi>	Long ES @ 1215.25 -> large size
<+KN-SR>	hit adn out -.75
<@NihabaAshi>	10 only
<+Andy>	Covered Remainder ES Short @ 1215.75 --> - 0.75 «« paper »»
<@NihabaAshi>	retracing making it tought to stay Long	09:48
	tighten trail profit
<+szubaark>	Exited all Long ES at 1218.75 --> + 6.75 «« paper »»	09:49
<+Andy>	Shorts ES @ 1219.75 «« paper »»	09:50
* +Kalle	[ out ES @ 20.5 +7.0 ]
<@NihabaAshi>	Exited ES Long @ 1220.75 --> + 5.5
	Holding 3 remainders
<+Andy>	Covered all ES Short @ 1221.75 --> - 2 «« paper »»
<+KN-SR>	add short 1222.00
* +Kalle	[ out ES @ 22.5 +9.0 ]
<+Kalle>	stp 19.0 rem.	09:51
<+KN-SR>	1/2 1221 +1.00
	h 16
	.75
	brb	09:52
<+silo>	Shorts YM @ 11117
* +Kalle	[ flat ES @ 19.5 +6.0 ]	09:54
	[ short ES @ 19.5 ]
<+KN-SR>	out 2 1219 + 3.00
<@NihabaAshi>	tighten trail profit	09:55
<+silo>	Covered all YM Short @ 103 --> + 11014
* +Kalle	[ flat ES @ 19.25 +.25 ]
<sav>	Long NQ @ 1691.00
<+silo>	Shorts YM @ 11195
	11back in
<@NihabaAshi>	Exited Remainder ES Long @ 1218.25 --> + 3	09:56
<+silo>	Covered all YM Short @ 11194 --> + 1
<@NihabaAshi>	Shorts ES @ 1217.50 -> small size	09:58
<+silo>	damn :(
<@NihabaAshi>	3 only
<+sav>	Exited all NQ Long @ 1688.00 --> - 3
<+KN-SR>	out 2 1217 ........... + 5.00
* +Kalle	[ short ES @ 17.25 ]	09:59
<@NihabaAshi>	Covered all ES Short @ 1216.00 --> + 1.5	10:00
* +Kalle	[ flat ES @ 15.50 +1.75 ]
<+Andy>	Long ES @ 1215.75 «« paper »»
* +Kalle	[ long ES @ 15.5 risky ]
	[ out ES @ 16.5 +1.0 ]	10:01
<+Andy>	Exited 3/4 ES Long @ 1216.75 --> + 1 «« paper »»
<@NihabaAshi>	weak support ES
<+Andy>	Exited Remainder ES Long @ 1215.75 --> 0 «« paper »»	10:02
<+KN-SR>	out 2 1215 ........... + 7.00
* +Kalle	[ long ES @ 14.5 add ]
	[ flat ES @ 15.5 +.5 avg ]	10:03
	[ long ES @ 15.0 ]	10:04
	[ out ES @ 17.0 +2 ]
<+szubaark>	Buys ES @ 1217.75 «« paper »»	10:05
	tightening Stop
* +Kalle	[ out ES @ 19 +4 ]
<+szubaark>	exit stop moved to breakeven ES @ 1217 «« paper »»
	Exited all Long ES at 1217 --> - 0.75 «« paper »»	10:06
	Buys ES @ 1219 «« paper »»	10:07
<Nesi>	Shorts ES @ 1219.00
<+szubaark>	exit stop set ES @ 1217 «« paper »»	10:09
	Exited all Long ES at 1217 --> - 2 «« paper »»
	Shorts ES @ 1215 «« paper »»	10:10
	Covered all Short ES at 1218.25 --> - 3.25 «« paper »»	10:11
	Buys ES @ 1218.25 «« paper »»
<+Andy>	geez...can someone ask the market to slow down a little bit :)	10:12
<+KN-SR>	:)	10:13
<+szubaark>	exit stop set ES @ 1216 «« paper »»	10:15
<+KN-SR>	brb.....
<+silo>	Long YM @ 11127
	Exited all YM Long @ 11114 --> - 13	10:17
	Shorts YM @ 11108
<@NihabaAshi>	weak resistance area
<+silo>	Covered all YM Short @ 11124 --> - 16	10:19
<+szubaark>	expecting Volatility spike soon, hopefully to upside, Im Long	10:20
<+silo>	Long YM @ 11128
<+szubaark>	tightening Stop
	exit stop moved to breakeven ES @ 1218.25 «« paper »»
<+sav>	good call szu	10:21
<+szubaark>	:)
<@NihabaAshi>	Long ES @ 1221.50 -> small size
	2 only
<+Andy>	Shorts ES @ 1221.5 «« paper »»
* +Kalle	[ out ES @ 21 +6.0 ]	10:22
<@NihabaAshi>	Exited ES Long @ 1220.75 --> - 0.75
	Reverse and Enter Short ES @ 1220.75
<+KN-SR>	add 21.00
<+Andy>	Covered 3/4 ES Short @ 1220.5 --> + 1 «« paper »»
<+silo>	Exited all YM Long @ 11128 --> 0
	Long YM @ 11138
<+Andy>	Shorts ES @ 1221.75 -> Add «« paper »»	10:23
<+silo>	Exited all YM Long @ 11133 --> - 5
<+Andy>	Covered 3/4 ES Short @ 1220.25 --> + 1.5 «« paper »»	10:24
<@NihabaAshi>	Covered all ES Short @ 1220.50 --> + 0.25	10:25
<+Andy>	Covered Remainder ES Short @ 1221.25 --> + 0.25 «« paper »»
<+szubaark>	exit stop set ES @ 1219.50 «« paper »»	10:26
<+KN-SR>	add 22.00	10:27
	out all 21.00 21.00 0.00
<+szubaark>	Exited all Long ES at 1219.50 --> + 1.25 «« paper »»	10:28
	Shorts ES @ 1219.50 «« paper »»
<@NihabaAshi>	Shorts ES @ 1219.25 -> medium size	10:29
	4 only
<+KN-SR>	out 18 1220 ......... + 2.00
	h 7 + 10
	brb
	out 5 1219 ......... + 3.00	10:30
	h 12
<+T-stop>	Bush on at UN, not sure when he started, fwiw	10:32
<+KN-SR>	10 min back
	speaking crap
<+szubaark>	tightening Stop	10:33
	exit stop set ES @ 1221.50 «« paper »»
<breakout>	bush likens terrorism to slavery	10:34
<+breakout>	no mr bush one u live
<+T-stop>	Bush done
<+KN-SR>	A H
<+Andy>	I just got a credit card application from Goldman Sachs...its pretty good...your credit is leveraged 30 times...
<pat255>	dumb citizens wil always elect dumb leaders ..
<+breakout>	how inspiring lol
	fraid so pat
<+KN-SR>	:)
	I dont use credit cards .	10:35
	anymore
<+breakout>	well they got their 300 tax cut lol
<+pat255>	hey but u can have beer with him ...
<+breakout>	i dont want too lol
<+KN-SR>	:)
	nop
<+pat255>	dont blame u ..
<+breakout>	17 is key for es today
<+KN-SR>	he damaged everything...... more than anyone else
<@NihabaAshi>	Covered all ES Short @ 1217.50 --> + 1.75
<+breakout>	destroyed
<winmax60>	good morning niha and everyone
<+Andy>	Long ES @ 1217.5 «« paper »»	10:37
<+szubaark>	exit stop set ES @ 1220.25 «« paper »»
<+KN-SR>	another bitch
<+Andy>	Exited 3/4 ES Long @ 1218.25 --> + 0.75 «« paper »»
<+szubaark>	lol
<@NihabaAshi>	Anybody in here use Bloomberg radion or TV ???
<+silo>	i have bloomberg tv on
<@NihabaAshi>	breakout and all...post your political views in another room that's not about trading...	10:39
	Don't post those views in here.
<@NihabaAshi>	Anybody using BOTH bloomberg radio and TV ???
<+Nesi>	just tv here
<+breakout>	no why
<+Andy>	Exited Remainder ES Long @ 1217.25 --> - 0.25 «« paper »»
<+szubaark>	exit stop moved to breakeven ES @ 1219.50 «« paper »»
<+breakout>	i just have so many ears lol	10:41
<@NihabaAshi>	Ok...I'm just trying to determine if Bloomberg alters there live program depending upon the region
<+Nesi>	i think there is bloomber west and east... niha
<+breakout>	i see dif in what said based on which market open y
	if that what u mean
<@NihabaAshi>	Yeah	10:42
<+breakout>	ie oil bad ovn oil good day
<+Nesi>	i have East
<+breakout>	stock stories seem to have opposite hype sometimes etc
<@NihabaAshi>	Shorts ES @ 1216.00 -> medium size
	4 only
<+breakout>	is that what u mean
	its often contrarian like other financial stations	10:43
	why i listen
<+Andy>	Long ES @ 1216 «« paper »»
<+breakout>	time of news is only thing that matter
<+Andy>	Exited all ES Long @ 1215.25 --> - 0.75 «« paper »»
<+szubaark>	Weak Support Area	10:44
<+breakout>	theyll hype it up or down depending on what they want market to do
	no good or bad news just how hyped
<@NihabaAshi>	tighten trail profit
	Covered all ES Short @ 1215.00 --> + 1	10:46
<+Andy>	Long ES @ 1214.25 «« paper »»	10:49
<+szubaark>	tightening Stop	10:50
	exit stop set ES @ 1215 «« paper »»
<@NihabaAshi>	Shorts ES @ 1212.25 -> medium size
<+Andy>	Exited all ES Long @ 1213 --> - 1.25 «« paper »»
<+szubaark>	Volatility spike
<+KN-SR>	out 5 1210 ........... + 12.00	10:51
<@NihabaAshi>	tighten trail profit
<+szubaark>	Covered all Short ES at 1209.50 --> + 10 «« paper »»	10:52
<@NihabaAshi>	Covered ES Short @ 1209.00 --> + 3.25
	Holding 1 contract remainder
<+KN-SR>	h7 ....... brb	10:54
	stop 22.00 0.00	10:56
<@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.	11:01
<@NihabaAshi>	Covered Remainder ES Short @ 1211.50 --> + 0.75	11:03
	Long ES @ 1210.00 -> small size	11:05
	2 only
	Exited ES Long @ 1209.00 --> - 1
	Reverse and Enter Short ES @ 1209.00
	Shorts ES @ 1208.00 -> Add
	total 4 (medium)
<+KN-SR>	out 2 1207 .............. + 15.00	11:06
	h5
<@NihabaAshi>	Covered 1/2 ES Short @ 1208.00 --> 0	11:11
<+szubaark>	Buys ES @ 1212.25 «« paper »»	11:14
<@NihabaAshi>	Covered Remainder ES Short @ 1211.75 --> - 2.75
	Long ES @ 1212.50 -> small size
	3 only
<+szubaark>	exit stop moved to breakeven ES @ 1212.25 «« paper »»
	Exited all Long ES at 1212.25 --> 0 «« paper »»
	:(
	Shorts ES @ 1212.50 «« paper »»	11:17
	exit stop set ES @ 1214 «« paper »»
	tight Stop
<+silo>	Shorts YM @ 11074
<@NihabaAshi>	Exited all ES Long @ 1212.75 --> + 0.25	11:18
<+szubaark>	Covered all Short ES at 1214 --> - 1.5 «« paper »»	11:19
<@NihabaAshi>	Long ES @ 1214.25 -> medium size
<+silo>	Covered all YM Short @ 11090 --> - 16
<@NihabaAshi>	4 only
	tighten trail profit	11:21
	Exited all ES Long @ 1216.00 --> + 1.75	11:22
<+szubaark>	Shorts ES @ 1215 «« paper »»
<@NihabaAshi>	Shorts ES @ 1214.50 -> small size	11:24
	2 only
<+szubaark>	tighten Stop	11:25
	exit stop set ES @ 1216 «« paper »»
<@NihabaAshi>	trade error
<+silo>	Shorts YM @ 11088	11:26
<@NihabaAshi>	looking for a Houdini Escape
<+silo>	Covered all YM Short @ 11102 --> - 14
<+szubaark>	Covered all Short ES at 1216 --> - 1 «« paper »»	11:27
	Shorts ES @ 1213.75 «« paper »»	11:28
<@NihabaAshi>	Covered all ES Short @ 1213.25 --> + 1.25
<+silo>	Shorts YM @ 11087
<@NihabaAshi>	Houdini Escape
<+szubaark>	exit stop set ES @ 1215.75 «« paper »»	11:29
<@NihabaAshi>	Long ES @ 1214.00 -> small size	11:31
	2 only
<+szubaark>	jumpy price action again
	tightening Stop	11:32
	exit stop set ES @ 1215.25 «« paper »»
	Covered all Short ES at 1214.75 --> - 1 «« paper »»	11:34
	Buys ES @ 1214.75 «« paper »»
	Exited all Long ES at 1212.50 --> - 2.25 «« paper »»	11:36
	Shorts ES @ 1212.50 «« paper »»
	lots of chop on every corner :(	11:37
<@NihabaAshi>	Exited all ES Long @ 1212.00 --> - 2	11:38
<+szubaark>	tightening Stop	11:39
<@NihabaAshi>	Long ES @ 1211.75 -> small size
	2 only
<+szubaark>	exit stop set ES @ 1213.50 «« paper »»
<+Andy>	Long ES @ 1211.75 «« paper »»	11:41
<+szubaark>	Covered all Short ES at 1212.75 --> - 0.25 «« paper »»
	Buys ES @ 1213.25 «« paper »»
<@NihabaAshi>	Exited all ES Long @ 1212.25 --> + 0.5	11:42
<+szubaark>	Exited all Long ES at 1211.25 --> - 2 «« paper »»	11:44
	Shorts ES @ 1211 «« paper »»
<+Andy>	Exited all ES Long @ 1212 --> + 0.25 «« paper »»
<+silo>	price getting wild now
<+szubaark>	some nasty chop :(	11:45
<@NihabaAshi>	Long ES @ 1211.50 -> small size	11:47
	3 only
<+szubaark>	we just creeping lower on declining Volatility, dangerous price action	11:48
	Covered all Short ES at 1212 --> - 1 «« paper »»
	Buys ES @ 1212 «« paper »»
<@NihabaAshi>	Exited all ES Long @ 1211.75 --> + 0.25	11:51
<+szubaark>	Volatility Spike
<@NihabaAshi>	Long ES @ 1213.25 -> small size	11:54
	3 only
<+szubaark>	Exited all Long ES at 1212 --> 0 «« paper »»	11:55
	Shorts ES @ 1211 «« paper »»	11:58
<@NihabaAshi>	Exited ES Long @ 1211.25 --> - 2
<+szubaark>	c'mon NQ :)	11:59
<@NihabaAshi>	Shorts ES @ 1210.00 -> medium size	12:00
	4 only
<+silo>	Covered 1/2 YM Short @ 11055 --> + 32	12:01
<@NihabaAshi>	Covered 3/4 ES Short @ 1206.50 --> + 3.5	12:03
<+silo>	Covered Remainder YM Short @ 11057 --> + 30	12:04
* Kalle	is now known as Kalle_away	12:05
<+Andy>	Long ES @ 1207.25 «« paper »»	12:06
<pdays>	Shorts ES @ 1208.5	12:07
<+pdays>	Covered all ES Short @ 1207.5 --> + 1
<+Andy>	Exited 1/4 ES Long @ 1209.5 --> + 2.25 «« paper »»	12:08
<+KN-SR>	nice
<+Andy>	:)
<+KN-SR>	i guess u have seen the block :)	12:09
<@NihabaAshi>	Long ES @ 1210.00 -> small size
	3 only
<+silo>	Long YM @ 11064
<+szubaark>	Covered all Short ES at 1211 --> 0 «« paper »»	12:10
	Buys ES @ 1211 «« paper »»
<@NihabaAshi>	tighten trail profit	12:11
<+Andy>	Exited 1/4 ES Long @ 1212 --> + 4.75 «« paper »»	12:12
<+szubaark>	exit stop moved to breakeven ES @ 1211 «« paper »»
<+silo>	Exited 1/2 YM Long @ 11090 --> + 26
<@NihabaAshi>	Exited all ES Long @ 1212.25 --> + 2.25
<+silo>	Exited Remainder YM Long @ 11080 --> + 16
<+Andy>	Exited 1/4 ES Long @ 1211.75 --> + 4.5 «« paper »»	12:13
<+silo>	Shorts YM @ 11074	12:15
<+szubaark>	Exited all Long ES at 1211 --> 0 «« paper »»
	Buys ES @ 1212.50 «« paper »»	12:16
	Exited all Long ES at 1211.25 --> - 1.25 «« paper »»	12:18
	Shorts ES @ 1211.25 «« paper »»
	exit stop moved to breakeven ES @ 1211.25 «« paper »»	12:22
<@NihabaAshi>	Shorts ES @ 1209.25 -> small size
	2 only
<+silo>	Covered 1/2 YM Short @ 11050 --> + 24
<+szubaark>	easy to get shaken out in this low Volatility :((	12:23
<+silo>	Covered Remainder YM Short @ 11054 --> + 20
<+szubaark>	Covered all Short ES at 1211 --> + 0.25 «« paper »»	12:24
	Shorts ES @ 1209.50 «« paper »»	12:25
	exit stop set ES @ 1209.25 «« paper »»	12:30
<@NihabaAshi>	Covered ES Short @ 1203.75 --> + 5.5	12:43
	Holding 1 contract remainder
<@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 1203.75 --> + 5.75 «« paper »»	12:44
<+Andy>	Long ES @ 1202.5 «« paper »»	12:47
	Exited 2/3 ES Long @ 1203.5 --> + 1 «« paper »»	12:48
<+silo>	Long YM @ 10993	12:49
<MK>	Long ES @ 1203.75 «« paper »»	12:50
<+MK>	Exited all ES Long @ 1201.25 --> - 2.5 «« paper »»	12:54
<+KN-SR>	finally
	:)
<+Andy>	Exited Remainder ES Long @ 1201.5 --> - 1 «« paper »»
<+silo>	Exited all YM Long @ 10966 --> - 27
<+sav>	Shorts NQ @ 1671.50
<palmer>	what is finally KN
<+KN-SR>	out 2 1202 (1222) ....................... + 20.00
	h 3 (1222) + 1 (1280)	12:55
	:)
<+palmer>	oh ok
	think we bounce today?
<+KN-SR>	was waiting for this all morning........now long today
	nop
<+sav>	Covered all NQ Short @ 1669.50 --> + 2
<+KN-SR>	think we still heading deep south
<+palmer>	today?
<+KN-SR>	yes
	1180
<+palmer>	dang
<+KN-SR>	unless we slice through 17.25	12:56
	we are still in down trend.......strong down trend
	9.25 is next res
	brb	12:57
	[11:55:09] <+KN-SR> was waiting for this all morning........now long today -----------> should be " NO LONG TODAY"	12:58
	:)
	didnt taking even a single long today, so far	12:59
	brb
<@NihabaAshi>	geeesh	13:00
* Kalle_away	is now known as Kalle
<+KN-SR>	:)
<@NihabaAshi>	whol pulled the plug ???
<+KN-SR>	out 1 11197 (1222) ....................... + 25.00	13:01
	h 2 (1222) + 1 (1280)
<@NihabaAshi>	Covered Remainder ES Short @ 1196.75 --> + 12.5
<+codehead>	YM hit a wave target at 10931, 10905 is .618 retracement of last wee's bottom to top	13:02
<oaktree>	buy ym 10937 paper	13:03
<@NihabaAshi>	Shorts ES @ 1195.00 -> small size	13:06
	2 only
	Paulson and Gang should wrap up their testimonial now if they want the market to stabilize (not make more lows) for the remainder of the trading day.	13:07
<+KN-SR>	nxt pt 92+- ............ brb
<@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.
<+codehead>	.618 hit	13:08
<@NihabaAshi>	However, I believe its one of those ALL DAY testimonials.
<+oaktree>	out ym 10905 paper
<+Andy>	Long ES @ 1193 «« paper »»	13:09
<@NihabaAshi>	tighten trail profit
<+codehead>	long 10909 YM <paper>	13:10
	20 tick stop
<+oaktree>	long ym 10915 paper
<+Andy>	Exited 3/4 ES Long @ 1194 --> + 1 «« paper »»
<@NihabaAshi>	Covered all ES Short @ 1194.50 --> + 0.5
<+codehead>	i bought 10905 6.18 for real, but took 7 ticks, chicken :-P
	.618 i mean	13:11
<+Andy>	Exited Remainder ES Long @ 1192.75 --> - 0.25 «« paper »»	13:12
<+sav>	Shorts NQ @ 1657.75	13:14
<+codehead>	stop hit, out -20 <paper>
<@NihabaAshi>	Shorts ES @ 1192.00 -> small size	13:15
<+sav>	Covered all NQ Short @ 1655.5 --> + 2.25
<+KN-SR>	out 1 1192 (1222) ....................... + 30.00
	nxt pt 92+- ............ brb
	nop
	out 1 1192 (1222) ....................... + 30.00
<+sav>	wow that was quick
<+KN-SR>	h 1 (1222) + 1 (1280)
<@NihabaAshi>	Don't be afraid to jum on...worst case scenario is a Loss :)
<+palmer>	the genius KN at work
	i haven't gotten the adoption paper yet KN
	i want to be your son
<@NihabaAshi>	10 thousand foreclosures per day	13:16
	geeesh
<+KN-SR>	:)
	nxt pt 87+- ............ brb
<+sav>	im tired just listining to this testimonial	13:17
	listening	13:18
<@NihabaAshi>	Covered all ES Short @ 1194.25 --> - 2.25	13:19
	Shorts ES @ 1194.00 -> small size	13:20
	Prior trade 2 contracts
	current 2 only	13:21
	Covered all ES Short @ 1195.75 --> - 1.75	13:23
	Shorts ES @ 1195.25 -> medium size	13:25
	4 only
<+silo>	Shorts YM @ 10919	13:26
<@NihabaAshi>	Covered all ES Short @ 1195.00 --> + 0.25	13:27
	:(
<+szubaark>	Shorts ES @ 1194 «« paper »»
	exit stop set ES @ 1196 «« paper »»	13:28
<@NihabaAshi>	Shorts ES @ 1194.00 -> medium size	13:29
	4 only
<+szubaark>	tightening Stop	13:30
	exit stop moved to breakeven ES @ 1194 «« paper »»
<@NihabaAshi>	jumpy
	tighten trail profit
<+silo>	Covered all YM Short @ 10860 --> + 59	13:32
<+szubaark>	tightening Stop
	exit stop set ES @ 1193 «« paper »»
<@NihabaAshi>	Covered 3/4 ES Short @ 1189.25 --> + 4.75
<+szubaark>	make sure i dont lose anything on this trade
	Nice Niha.
<@NihabaAshi>	Holding 1 contract remainder
<+oaktree>	out ym 10850 paper
<@NihabaAshi>	Market still having problems trying to find some Legs to encourage Longs to show up.	13:36
	Looks like the FED forgot to BAN shorting futures :)
	meant SEC
	or the CFTC :)	13:38
	Covered Remainder ES Short @ 1191.75 --> + 2.25	13:39
<+szubaark>	Covered all Short ES at 1193 --> + 1 «« paper »»	13:43
<@NihabaAshi>	volatility dropping fast	13:44
<+szubaark>	Shorts ES @ 1191.50 «« paper »»	13:46
<@NihabaAshi>	Here we go again
<+sav>	Shorts NQ @ 1655.00	13:47
<@NihabaAshi>	Shorts ES @ 1190.75 -> small size
	3 only
<+szubaark>	Volatility Spike
<+sav>	Covered all NQ Short @ 1653.00 --> + 2	13:48
<@NihabaAshi>	It's trying to find support
	weak support area ES
	tighten trail
	tighten trail profit	13:49
<+szubaark>	exit stop set ES @ 1191.25 «« paper »»	13:50
<@NihabaAshi>	Covered all ES Short @ 1190.25 --> + 0.5
	:(
<+szubaark>	bottom pickers trying to jump in :(	13:51
<@NihabaAshi>	I got pick pocketed out of my Short
	will just watch...sidelined
<+szubaark>	thats what happened to me around 11:30-11:50 in that Creeper channel we were in	13:52
<+Andy>	Long ES @ 188.25 «« paper »»
	Exited 3/4 ES Long @ 189.25 --> + 1 «« paper »»	13:54
	Exited Remainder ES Long @ 188.5 --> + 0.25 «« paper »»	13:57
<+szubaark>	exit stop set ES @ 1190 «« paper »»
	Covered all Short ES at 1190 --> + 1.5 «« paper »»	13:58
<@NihabaAshi>	Long ES @ 1191.75 -> small size	13:59
	2 only	14:00
	trade error
	2nd one of the trading day	14:01
	One more and I'm done for the day.
	Exited all ES Long @ 1192.00 --> + 0.25
	Long ES @ 1191.25 -> small size	14:05
	2 only
<+szubaark>	Buys ES @ 1193 «« paper »»
<+silo>	Long YM @ 10898	14:06
	Exited all YM Long @ 10882 --> - 16	14:07
<+szubaark>	increasing Volatility
<+silo>	Long YM @ 10894
	back in
<@NihabaAshi>	tighten trail profit
<+szubaark>	exit stop moved to breakeven ES @ 1193 «« paper »»	14:08
<@NihabaAshi>	Exited all ES Long @ 1197.50 --> + 6.25	14:09
<+silo>	Exited all YM Long @ 10936 --> + 42
<+szubaark>	Exited all Long ES at 1197 --> + 4 «« paper »»
<+silo>	nice squeese	14:10
	squeeze
<+Andy>	buyers showed up in the nas and carried the s&ps along	14:11
<@NihabaAshi>	Just think...at the Open I thought today was going to be a CALM low volatility trading day :)	14:12
<+silo>	:D
	from down to almost reaching daily profit
	:P
	insane day
<@NihabaAshi>	Glad I didn't go out and do some personal stuff that needs to be done.
	May do it tomorrow or Thursday	14:13
<+szubaark>	we did have chop earlier	14:14
	Shorts ES @ 1194.75 «« paper »»	14:16
	Covered all Short ES at 1196.75 --> - 2 «« paper »»	14:19
	Buys ES @ 1198 «« paper »»	14:20
<@NihabaAshi>	Shorts ES @ 1197.75 -> small size
	1 only
<+szubaark>	Exited all Long ES at 1197.75 --> - 0.25 «« paper »»	14:21
	Shorts ES @ 1197 «« paper »»
	exit stop set ES @ 1199 «« paper »»	14:22
	tightening Stop	14:23
<@NihabaAshi>	Covered ES Short @ 1194.50 --> + 3.25
<+szubaark>	exit stop moved to breakeven ES @ 1197 «« paper »»
<@NihabaAshi>	Paulson and GANG hearing is now over
	On that note...I'm done trading for the day.	14:24
<+szubaark>	Covered all Short ES at 1197 --> 0 «« paper »»
	Buys ES @ 1197.75 «« paper »»	14:25
	tightening Stop	14:26
	exit stop moved to breakeven ES @ 1197.75 «« paper »»
	Exited all Long ES at 1197.75 --> 0 «« paper »»
	Shorts ES @ 1197.75 «« paper »»	14:27
	Covered all Short ES at 1200 --> - 2.25 «« paper »»
	Buys ES @ 1200 «« paper »»
	Short Squeezzeeeee
	exit stop moved to breakeven ES @ 1200 «« paper »»	14:28
<+silo>	wouldn't be surprised if we get a huuuuuge squeeze this half of the market
	so be careful
	:)
<+szubaark>	tightening Stop	14:36
	exit stop set ES @ 1201 «« paper »»
	Exited all Long ES at 1201 --> + 1 «« paper »»	14:37
	Shorts ES @ 1200.75 «« paper »»	14:40
	tight Stop	14:41
	exit stop set ES @ 1202 «« paper »»
<+silo>	Long YM @ 10959	14:42
<+szubaark>	Covered all Short ES at 1202 --> - 1.25 «« paper »»
<+silo>	awesome fill
	:)
<+szubaark>	Shorts ES @ 1201.75 «« paper »»
	fakeout?	14:43
<+KN-SR>	srt 1204
	1201
<+silo>	Exited all YM Long @ 10945 --> - 14
	hit stop :(
<+KN-SR>	stop 1204
<+szubaark>	tightening Stop	14:44
<+KN-SR>	out 3/4 +2.00
	h5
<+szubaark>	exit stop set ES @ 1201.50 «« paper »»
<+codehead>	.500 retracement of the down move from today
<+silo>	Long YM @ 10948
	back in
	trying second time
<+szubaark>	ok
<+codehead>	's high to low tapped exactly (10992)
<+KN-SR>	h 5 (1201) 1 (1222) 1 (1280)	14:45
	brb
<+szubaark>	could chop here til 3PM
	Covered all Short ES at 1201.50 --> + 0.25 «« paper »»	14:46
<+KN-SR>	limit stop 1204 (1201) 1222 (1222) 1270 (1280)	14:47
	brb
<+szubaark>	Buys ES @ 1203.50 «« paper »»	14:48
<+KN-SR>	hit and out 1201
<+silo>	Exited all YM Long @ 11004 --> + 56	14:49
<+szubaark>	Nice
<+KN-SR>	srt 1207.25
	.75
	nice silo
<@NihabaAshi>	Starting to look like the market didn't like Paulson and guys until they were through with their testimonials
<+silo>	o_0
<+KN-SR>	out 1/2 +1.00 1206	14:50
	h9
	+1 +1
<+szubaark>	tightening Stop
<+KN-SR>	hit and out 1207.25
	srt 1208
<+szubaark>	exit stop set ES @ 1205 «« paper »»	14:51
<+KN-SR>	out 1/2 1207 ......... +1.00
	.75
	hit and out 1208	14:52
	srt 1209
	.50
<+szubaark>	amazing Volatility returns LOL
<+KN-SR>	out 1/2 1207 ......... + 2.00
<@NihabaAshi>	Thanks to the FED boys again
<+KN-SR>	h9
	+1 +1	14:53
	brb
<@NihabaAshi>	Guess...they speak for the rest of the week :)
	Could be another big profitable week for many and blow up week for many....volatility.	14:54
<+silo>	they will be speaking for the rest of the week?	14:55
	not done today?
<+szubaark>	Exited all Long ES at 1206.25 --> + 2.75 «« paper »»
<+KN-SR>	hit and out 1209	14:57
	good trading everyone.....see u all next time	14:58
	i m done... got to go......have a cricket match :)
	h 1 (1222) 1(1280)........ looks like will take another day	14:59
<+silo>	Long YM @ 11000	15:06
	OMG	15:08
	Exited all YM Long @ 11027 --> + 27	15:10
<@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.
<+silo>	2x daily target reached
	Long YM @ 11018	15:15
	Exited all YM Long @ 11051 --> + 33	15:19
	150 bucks short from 3x daily profit target	15:23
<+ItalianSharp>	"that was a nice try bulls, maybe next time"	15:47
	:))
<+werner>	lol	15:48
<+ItalianSharp>	i am wondering what teh FED will do if we break thursday's lows...close the stock market for a few months?	15:49
	banning shorts isnt really working, is it?	15:50
<+werner>	i dont think so :)
<+Kalle>	it never did
<+silo>	confisticate all hardwares that could be used for trading.... nation wide
<+ItalianSharp>	i am going to give bulls a chance as long as thursday's lows remain intact	15:51
	if we dip below, well...i am really gonna enjoy watching what happens
<+Kalle>	markets can seriously drop without short sellers
<+ItalianSharp>	kalle, exactly
<+Kalle>	dang politicians don't get it
<+ItalianSharp>	that's teh point many people have been missing
	short sellers just accelarate the process	15:52
<+Kalle>	yes
<+ItalianSharp>	FED guys want to keep markets on life support, short sellers wanna pull the plug
	no matter what, the outcome will be the same
	it's just a matter of time
<+werner>	gn all	16:06
<@X>	#FuturesTrades Info ->  Some members (including me) explain basic details about their trades posted in #FuturesTrades @ http://thestrategylab.com/forum/index.ph p?board=58.0 and there's a link there to take you to #FuturesTrades archived logs if you're interested in reviewing past trades or market commentary posted in #FuturesTrades.	17:16
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