#FuturesTrades October 2nd Thursday 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: Thu Oct 02 00:00:00 2008Session Ident: #futurestrades
<@X>	#FuturesTrades Info -> S ome 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.	01:16
<Kalle>	moin	04:13
* Splurge	is now known as bored	04:57
* bored	is now known as Splurgezzzzzzzzzz	05:12
* Splurgezzzzzzzzzz	is now known as Sp	05:14
<rogercha>	gm everyone	08:32
<nqcruiser>	gm all	08:38
<AndyP2100>	gm	08:39
<+Maximus>	gm	08:52
<pat255>	gm all	08:55
<+silo>	gm	09:03
	:)
<palmer>	who uses TOS	09:14
<+Maximus>	I do	09:15
	only for options though, not futures
<+palmer>	can i message u
<kosmipt>	gm
<+Maximus>	sure thing
<werner>	gm all	09:21
<@NihabaAshi_away>	Good morning all
<+Maximus>	gm
* NihabaAshi_away	is now known as NihabaAshi	09:22
<+pat255>	gm N
<T-stop>	gm all
* sep34_away	is now known as sep34
<PapaJon>	gm all	09:23
<@NihabaAshi>	Shorts ES @ 1154.25 -> large size	09:27
	6 only
<drt>	gm	09:29
<@NihabaAshi>	tighten trail	09:30
<@X>	#FuturesTrades Info ->  Some members (including me) explain basic details about their trades posted in #FuturesTrades @ http://thestrategylab.com/forum/index.ph p?board=58.0 and there's a link there to take you to #FuturesTrades archived logs if you're interested in reviewing past trades or market commentary posted in #FuturesTrades.	09:31
<+Maximus>	SHort ES @ 1154 and out at 1153.25 + .25
<@NihabaAshi>	Covered all ES Short @ 1154.75 --> - 0.5
	Shorts ES @ 1154.00 -> large size	09:33
	6 only
	tighten trail @ profit	09:36
<+Maximus>	n1 Nih	09:41
<@NihabaAshi>	Covered ES Short @ 1147.25 --> + 6.75	09:44
	Holding 1 contract remaider
<+pat255>	vvn
<tzar3>	nice
<@NihabaAshi>	exit stop lowered ES @ 1152.50	09:45
<+PapaJon>	argh... friggin broker raised the margiin req... had change my size... caused me to miss the short	09:46
	tried to go short at 666.2
	would be nice if they notified of the change ahead of time... jerks
<Nesi>	Long ES @ 1147.25	09:49
<+silo>	Long YM @ 10715	09:50
<+Nesi>	Long ES @ 1148.00 -> Add
<+silo>	Exited all YM Long @ 10704 --> - 11	09:52
<+Nesi>	Exited all ES Long @ 1144.00 --> - 7.25	09:53
<szubaark>	Shorts ES @ 1444 «« paper »»
<+Nesi>	Long ES @ 1145.00
	Long ES @ 1146.00 -> Add	09:54
<pdays>	Long ES @ 1145	09:56
<+Nesi>	Long ES @ 1146.50 -> Add
* Tintin	: hi all
<+pdays>	Exited all ES Long @ 1146.25 --> + 1.25	09:57
<ItalianSharp>	morning all	09:58
<+silo>	morning sharp
<+szubaark>	tightening Stop
<@NihabaAshi>	Covered Remainder ES Short @ 1142.50 --> + 11.5
<+szubaark>	exit stop set ES @ 1146.50 «« paper »»	09:59
<+werner>	vn niha
<+Maximus>	vn
<LP>	wtg
<+szubaark>	Nice Niha.
<+Nesi>	Exited all ES Long @ 1141.00 --> - 9.5	10:01
<+szubaark>	tightening Stop
	exit stop moved to breakeven ES @ 1444 «« paper »»
<+silo>	szu you typed the price wrong	10:02
	:)
<+Nesi>	Long ES @ 1142.00	10:03
<+szubaark>	Shorts ES @ 1144 «« paper »»
<Andy>	Long ES @ 1141.25 «« paper »»
<+szubaark>	tightening Stop	10:04
	exit stop set ES @ 1143 «« paper »»
* Awash	is now known as Awash_afk
<+Nesi>	Exited all ES Long @ 1140.25 --> - 1.75
<+silo>	Long YM @ 10658	10:05
	intuition
<+szubaark>	Covered all Short ES at 1140 --> + 4 «« paper »»	10:06
<+silo>	Exited all YM Long @ 10646 --> - 12
<+Andy>	Exited all ES Long @ 1140 --> - 1.25 «« paper »»
<+Nesi>	Long ES @ 1137.50	10:09
	Long ES @ 1138.00 -> Add
<+silo>	Long YM @ 10633
	intuition
<+Nesi>	Long ES @ 1139.50 -> Add	10:11
<+silo>	Exited all YM Long @ 10648 --> + 15	10:13
	got out early :(	10:14
<sav>	Shorts NQ @ 1528.5	10:19
<+sav>	Covered all NQ Short @ 1528.5 --> 0
<@NihabaAshi>	Shorts ES @ 1139.50 -> small size	10:23
	2 only
	chasing
<+szubaark>	Shorts ES @ 1139.25 «« paper »»
	tightening Stop	10:24
	exit stop moved to breakeven ES @ 1139.25 «« paper »»
<@NihabaAshi>	tighten trail @ profit
<+szubaark>	Volatility hapes when chasing :)
	helps
<+Maximus>	late Short ES at 1137.75 and out ES @ 1136.75 +1	10:26
	late Short YM @ 10636 and out YM @ 10631 + 5	10:27
<@NihabaAshi>	Covered all ES Short @ 1137.00 --> + 2.5
<+szubaark>	Covered all Short ES at 1139.25 --> 0 «« paper »»	10:29
<+silo>	Shorts YM @ 10644	10:37
<baxwill>	test	10:40
<+baxwill>	ok, thks
<+szubaark>	Shorts ES @ 1136 «« paper »»
<rickf>	gm	10:41
<+szubaark>	hi rick
<+pat255>	gm rick	10:42
<+rickf>	:)
<+werner>	hi rickf	10:43
<+rickf>	hey all
<+Nesi>	Long ES @ 1136.00 -> Add	10:44
	last add
<+szubaark>	tightening Stop	10:45
	exit stop set ES @ 1138 «« paper »»
	tightening Stop	10:47
	exit stop set ES @ 1137 «« paper »»
<+silo>	wheew thank goodness	10:48
	had me scared a bit
<+szubaark>	tightening Stop	10:49
	exit stop moved to breakeven ES @ 1136 «« paper »»
<+silo>	quite the battle here	10:50
<+szubaark>	Covered all Short ES at 1136 --> 0 «« paper »»	10:51
<+silo>	man... didn't exit that sooner :(	10:53
<+Maximus>	gm rick	10:54
<+rickf>	hi max	11:01
<+sav>	Long NQ @ 1522.00
<+ItalianSharp>	nq starting to look more bullish	11:03
<+szubaark>	Shorts ES @ 1135 «« paper »»	11:04
<+sav>	Exited all NQ Long @ 1521.00 --> - 1
<+szubaark>	tightening Stop	11:05
	exit stop set ES @ 1137.25 «« paper »»
<+sav>	Shorts NQ @ 1519.5	11:06
<+T-stop>	nice patience silo
<+szubaark>	tightening Stop
<+sav>	Covered 1/3 NQ Short @ 1518.5 --> + 1
<+szubaark>	exit stop moved to breakeven ES @ 1135 «« paper »»
<+sav>	Covered 2/3 NQ Short @ 1517.5 --> + 2	11:07
<+szubaark>	should start tanking here
<+ItalianSharp>	wanna see ES test 32
	then possible rebound in the cards
	32 taken out
	let's see what happens now
<+szubaark>	1125+ is my Target	11:08
<+ItalianSharp>	this area will likely set the tone for the day
	if we rebound hard now, we may have seen the lows...
	if we dont rebound hard and soon, then downtrend is confirmed
<+szubaark>	Covered all Short ES at 1129.50 --> + 5.5 «« paper »»	11:09
<+silo>	Covered all YM Short @ 10578 --> + 66
<+pat255>	vn guys ...
<@NihabaAshi>	that's a lot of volatility
<+ItalianSharp>	yes...a lot of downside volatility
<+silo>	almost reached daily profit target
	:)
<+ItalianSharp>	let's see what happens now....trying to bottom out here	11:10
<+silo>	ym getting close to 10550
<+szubaark>	btw.. Support from the failed bailout announcment here :)
<+Maximus>	late short ES @ 1134.75 and out ES @ 1127.75 +7
<+sav>	Covered Remainder NQ Short @ 1514.00 --> + 5.5	11:11
<+ItalianSharp>	not enough bulls stepping in here
	we may have more downside	11:12
<+rickf>	sure glad i added to my long hedge last night in the late session
	had a bad feeling when i saw the new bill
<+ItalianSharp>	rick...you were long and hedged short?
<+rickf>	yep
	retirement stuff - long stocks, hedged with short etf
<+ItalianSharp>	i think this drop is a good thing ahead of the bailout bill at the house
	meaning...a rally could be likely if the bill passes	11:13
<+szubaark>	we got any Gaps below to fill? anybody know?
<+pat255>	but why drop ..they pass the bill..
<+ItalianSharp>	as opposed to if we were trading higher today
	pat255:
	why drop? simply to flush out early longs	11:14
	scare longs aways...buy lower at better prices
<+pat255>	k ..
<+rickf>	i fear the house repubs and some dems are going to scream about the special interests loaded up in this thing
	dunno why, just got a queasy feeling --
	besides on my hedges, i can average down since i'm rebuilding my position there anyway	11:15
<+ItalianSharp>	or simply...we are dropping because the market doesnt think the bill will pass
<+T-stop>	mkt looking past bill, imo
<+ItalianSharp>	basically: it could be a drop due to either flushing out purposes, or taking an early position ahead of a tough bill...
<+rickf>	that too	11:16
<@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
<+ItalianSharp>	no matter what, i think we may see a rally regardless of the outcome of the bill
<+Maximus>	i agree
	some 'stablilty' or at least the notion of it will send a rally
<+pat255>	vote is tomorrow what time?	11:18
<+Maximus>	long 1130.00 and out 1131 + 1 ES	11:22
<@NihabaAshi>	Long ES @ 1133.00 -> small size	11:29
<+Tintin>	$700 billions are nothing if cds markets crash ...
<@NihabaAshi>	1 only
	Exited ES Long @ 1132.00 --> - 1	11:31
	Reverse and Enter Short ES @ 1132.00
<ddoonie>	short es@ 1131.25
<+Tintin>	better to have cash now ... imo by end of this year we will see bankrupt of a big fund ... i just pray i'm wrong ...	11:32
<+ddoonie>	*paper
<+sav>	Shorts NQ @ 1519.75	11:33
<+silo>	low volume retracement
<+sav>	Covered 2/3 NQ Short @ 1518.75 --> + 1
	Covered Remainder NQ Short @ 1519.75 --> 0
<+silo>	Long YM @ 10591	11:35
	early entry
<@NihabaAshi>	Covered ES Short @ 1131.75 --> + 0.25	11:36
	Shorts ES @ 1131.25 -> small size	11:37
<@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.
<@NihabaAshi>	1 only
	Covered ES Short @ 1132.25 --> - 1	11:38
<+sav>	Long NQ @ 1523.25
	Exited all NQ Long @ 1522.25 --> - 1	11:40
<@NihabaAshi>	Long ES @ 1134.50 -> small size	11:42
	1 only
<+silo>	Exited 1/2 YM Long @ 10623 --> + 32
<nqcruiser>	see u latter	11:44
<@NihabaAshi>	Exited ES Long @ 1135.50 --> + 1	11:45
<+silo>	Exited Remainder YM Long @ 10629 --> + 38	11:46
<+pat255>	vn
<+silo>	daily profit target reached
<+pat255>	:)	11:47
<+T-stop>	vn silo	11:48
<+ddoonie>	short 2 1134.75 (paper)	11:53
<+T-stop>	Bush on
<@NihabaAshi>	Shorts ES @ 1134.75 -> small size	11:54
	1 only
<+ddoonie>	covered x 1 133.75 +1
<@NihabaAshi>	trailing stop tighten	11:56
<+T-stop>	Bush done
	fwiw	11:57
<@NihabaAshi>	Covered ES Short @ 1135.50 --> - 0.75
	Long ES @ 1136.50 -> small size	11:58
	1 only
<+ddoonie>	covered x 1 137.75 >> -3	11:59
<+ItalianSharp>	vote in the house confirmed for tomorrow	12:01
	should be a low volatile day with NFP and the bailou package
	:)
<+rickf>	lol
<+pat255>	what time?
<@NihabaAshi>	trailing stop @ profit
<+ItalianSharp>	pat, they didnt say it...it depends on how long it'll take paulson bernie and bush to blackmail the nay voters	12:02
<+pat255>	k :)
<@NihabaAshi>	Exited ES Long @ 1139.00 --> + 2.5	12:03
* codehead_afk	is now known as codehead	12:04
<+ddoonie>	short x 2 1135.75 >> paper	12:12
<@NihabaAshi>	sneaky price action right now	12:13
	Shorts ES @ 1136.00 -> small size
	1 only
	Covered ES Short @ 1135.75 --> + 0.25	12:14
	:(
	Great entry but the trailing stop was easily pick pocketed
	On that note...time for lunch	12:15
<+silo>	Shorts YM @ 10634	12:19
<+szubaark>	Shorts ES @ 1136 «« paper »»	12:25
	tightening Stop	12:26
	exit stop set ES @ 1138.50 «« paper »»
<+ddoonie>	covered x 1 133.75 >> +2	12:28
<+szubaark>	tightening Stop
	exit stop moved to breakeven ES @ 1136 «« paper »»
<+silo>	Covered 1/2 YM Short @ 10601 --> + 33
<+rickf>	nice entry szu	12:29
<+silo>	Covered Remainder YM Short @ 10607 --> + 27	12:30
	2x daily profit reached
<+szubaark>	thanks
<+Maximus>	late short ES 1135- Out ES 1134- + 1	12:31
<+silo>	wow this room is getting big	12:36
	who are all you people :D
<+ddoonie>	i'm new :)
<+szubaark>	tightening Stop	12:38
	exit stop set ES @ 1135 «« paper »»	12:39
<+Maximus>	im new as of 3 sessions ago
<+silo>	nice to meet you all	12:42
<+ddoonie>	you as well
<+szubaark>	tightening Stop	12:44
	exit stop set ES @ 1134 «« paper »»	12:45
<+ddoonie>	moved hard stop to b/e (1135.75)	12:52
<+szubaark>	Covered all Short ES at 1134 --> + 2 «« paper »»	12:53
<+rickf>	wtg	12:54
<+palmer>	KN on holidays still?	12:58
<+silo>	Shorts YM @ 10607	12:59
<+rickf>	dunno
<+silo>	chase
<@NihabaAshi>	Shorts ES @ 1132.25 -> small size	13:01
	1 only
<+kosmipt>	niha how much are your posts delayed after you actually enter the trades?	13:02
<@NihabaAshi>	Delayed as fast as I can type it in.	13:03
<+silo>	Covered 1/2 YM Short @ 10588 --> + 19
<+szubaark>	Shorts ES @ 1130.75 «« paper »»	13:04
<+silo>	Covered Remainder YM Short @ 10592 --> + 15
<+rogercha>	wtg silo	13:05
<+Maximus>	short es 32
<+kosmipt>	doesn;t it distract you?
<@NihabaAshi>	Simply, as soon as I see the trade executed on my broker platform...I then type it here at #FuturesTrades.
	No...been doing this #FuturesTrades since 1998
	In the beginning...yes...it was a distraction big time.	13:06
<+szubaark>	tightening Stop
<@NihabaAshi>	Now...i have a few little tricks.
<+ddoonie>	wow didnt know you did it that long
<+szubaark>	exit stop set ES @ 1132.25 «« paper »»
<@NihabaAshi>	For example...I can't see others messages in here because my messages are being "relayed" through an empty pm room.
	To see messages in here...I need to maximize the IRC window from it's minimize (out of view) state as it is right now.	13:07
	I also use key word highlighting...
	The IRC window down in the task bar will blink if someone types Nihab, Nihaba, NihabaAshi
	That's the reason why I don't respond to most questions aimed at me in here...	13:08
	I don't see the messages :)
<+Maximus>	stop to BE 32
<+szubaark>	tightening Stop
	exit stop moved to breakeven ES @ 1130.75 «« paper »»
<@NihabaAshi>	Anybody has a specific question for me needs to PM (private message me).
<+kosmipt>	ok thx
<@NihabaAshi>	No problem...I'm now going back to putting #FuturesTrades on minimize (out of view)	13:09
<+Maximus>	stop ES to +1 point
<+szubaark>	Max nice.
<+silo>	how do you post trades if you minimize it?
	wouldn't yo have to restore it and then place your trades each time?	13:10
<+ddoonie>	he posts in another room, which is then relayed here directly
<+silo>	oh ok	13:11
<+Maximus>	ES stop to +2 points
<+szubaark>	I see you scalping for 1pt, what are your Stops?
<+Maximus>	still holding	13:12
	not a scalp, just scaling down my stop ATM
<@NihabaAshi>	Covered ES Short @ 1128.25 --> + 4
<+Maximus>	ES Stop to +3 points
<+ddoonie>	hard stop moved to 1130 (+5.75)	13:13
<+Maximus>	ES Stop to +4 points
	ES Exit @ 1128.00 +4	13:14
<+szubaark>	exit stop set ES @ 1130 «« paper »»
<+Maximus>	stop initially was 1 pt	13:15
<+ddoonie>	good job maximus
<+szubaark>	Max, you must watch Tiny timeframes then
<+Maximus>	not really, 3min, 5, and 15	13:16
<+szubaark>	tightening Stop	13:18
	exit stop set ES @ 1129.50 «« paper »»
	Covered all Short ES at 1129.50 --> + 1.25 «« paper »»	13:20
<+ddoonie>	covered all shorts es at 1129 >> +6.75
<+Maximus>	nice
	stretchy double bottom ES hmm	13:22
	man these 300+ point (indu) days are starting to become the norm lol	13:23
<+rogercha>	how do you highlight the text of your trading entries and exits?
<+ddoonie>	its a script they have i believe	13:24
<+Maximus>	there is a script i believe
<+ddoonie>	if anyone is on a mac, and has converted the script, please let me know!
<@NihabaAshi>	Long ES @ 1128.00 -> small size	13:25
	1 only
<MK>	Long ES @ 1128.5 -> Add «« paper »»	13:26
<@NihabaAshi>	tighten trail @ profit	13:29
<+szubaark>	Buys ES @ 1130.25 «« paper »»
	tightening Stop	13:30
	exit stop moved to breakeven ES @ 1130.25 «« paper »»
<@NihabaAshi>	Exited ES Long @ 1131.50 --> + 3.5
<+szubaark>	Exited all Long ES at 1130.25 --> 0 «« paper »»	13:31
<+ddoonie>	short es at 1129.25	13:37
	covered halh 1128 >> +1.25	13:38
	halh = half
<@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.	13:40
<+szubaark>	Shorts ES @ 1127.75 «« paper »»
<+silo>	the TD Ameritrade commercial is so funny... gets me everytime	13:41
<+szubaark>	exit stop moved to breakeven ES @ 1127.75 «« paper »»	13:42
	Tight Stop, either goes or im OUT
<+ddoonie>	hard stop moved to B/E 1129.25	13:43
<+szubaark>	Need Volatility to pick up here, any decrease and my Stop will get pick pocketed
<+ddoonie>	lets see what a tripple bottom brings...
<+szubaark>	Covered all Short ES at 1227.75 --> - 100 «« paper »»
	Covered all Short ES at 1127.75 --> 0 «« paper »»	13:44
	Will watch now
<+ddoonie>	covered 1129.25
<+szubaark>	Buys ES @ 1131.25 «« paper »»
	Volatility increase
	exit stop moved to breakeven ES @ 1131.25 «« paper »»	13:45
	tightening Stop	13:46
<+T-stop>	geez these pops come fast
<+szubaark>	exit stop set ES @ 1131.50 «« paper »»
	its like a herd of cows, back and forth
<+T-stop>	to chase or not to chase, lol	13:47
<+ddoonie>	szubaark: nice position now!
<+szubaark>	yes, but still against trend :(
	Exited all Long ES at 1133.25 --> + 2 «« paper »»	13:48
	they just whacked a bunch of Stops on that Pop
<+T-stop>	any news on or more of the same
	this is one touchy mky	13:53
<+szubaark>	Hard Stops are a must now due to the nasty Volatility "News" Spikes
<+T-stop>	be glad to get this bailout behind us	13:54
	volatility is fine but this is nutz	13:55
<+szubaark>	there is Good Volatility and then there is Nasty Volatility. Lately, We've been getting a lot of Nasty Volatility
<+T-stop>	)
<+ddoonie>	seems like stop hunters at work
<+Maximus>	whats behind the pop anything?
<+szubaark>	my new Rule is anytime i see a Nasty Volatility Spike, I STOP TRADING. (emotions come into play)
<@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
<+ddoonie>	my rules prevent me from trading as well	13:56
<+szubaark>	no more going on a self-destructive Rampage after a Nasty Volatility Spike.
<+silo>	Long YM @ 10559 -> small size	13:57
	just 1 contract
<+Maximus>	short es 1128.5	13:58
	out ES 1127.50 +1	13:59
	long 1131.25 out ES 1132.25 +1	14:01
<+silo>	Exited all YM Long @ 10596 --> + 37	14:02
<+ddoonie>	great day silo
<+szubaark>	u on a roll TODAY
<+silo>	i prayed long and hard last night	14:03
<+T-stop>	hehe
<+silo>	haha this is just like yesterday	14:07
	haha
<+ddoonie>	better keep up the praying!	14:08
<+silo>	:D	14:09
	gonna have a cig... we're trapped bewteen bullish/bearish areas
	could really go either way
<+Nesi>	bounce	14:10
	come on
	goooo
<+T-stop>	Pelosi on	14:12
<+Maximus>	long ES 1133.50
	out es 1132.00 - 1.5	14:14
<estrader1>	short 30.25	14:19
<+estrader1>	out 1/2 28.25 +2	14:21
	out rest 26.25 +4	14:22
<+silo>	i'd bet we go lower since the bill will be voted tomorrow	14:34
<+ddoonie>	i agree, and even lower untill the bill is voted	14:37
<+silo>	Shorts YM @ 10534 -> small size	14:42
	Covered all YM Short @ 10548 --> - 14	14:47
<+kosmipt>	short ES 1123,75 paper	14:49
	all out ES 1126 -2.25 paper	14:55
<+szubaark>	Buys ES @ 1127.50 «« paper »»	14:57
	Exited all Long ES at 1127.50 --> 0 «« paper »»	14:58
<+silo>	Long YM @ 10557 -> small size	15:03
<+kosmipt>	short ES 1126,75 paper	15:05
	all out ES 1129 -2,25 paper	15:06
* Kalle_away	is now known as Kalle	15:08
<+szubaark>	tricky area	15:12
<+ddoonie>	converging all around the low of yesterday	15:13
<+silo>	exit stop set YM @ 10540
	only 1 contract since i'm in profit protection mode
<+ddoonie>	short es 1125.00	15:15
<+szubaark>	Shorts ES @ 1125 «« paper »»
<+silo>	Exited all YM Long @ 10540 --> - 17
<+ddoonie>	cover 1/2 1123
	+2
<+szubaark>	tightening Stop
	exit stop moved to breakeven ES @ 1125 «« paper »»
	Tight Stop	15:16
	either goes or im OUT
	this could get ugly now (to downside)
<Maximus>	short YM @ 10517 out 12 +5	15:17
<+ddoonie>	Hard Stop moved to B/E	15:19
<+szubaark>	tightening Stop	15:26
	exit stop set ES @ 1124.25 «« paper »»
	tightening Stop	15:28
	exit stop set ES @ 1123 «« paper »»
	tightening Stop	15:30
	exit stop set ES @ 1122.50 «« paper »»
	Covered all Short ES at 1122.50 --> + 2.5 «« paper »»	15:31
<+ddoonie>	covered 1/2 at B/E	15:32
	well i highly doubt there will be any more setups for me today	15:33
<+szubaark>	Fantastic trend day with Good Volatility. We dont get many days like this :(	15:34
<+ddoonie>	well gotta take my money and run when there are days like these	15:35
<+szubaark>	most days are Brutal Chop Ranges OR Creeper Trends	15:36
<+ddoonie>	what time frames do you deal with?	15:37
<+szubaark>	2min,5min,15min
<+silo>	have yo useen those td ameritrade commercials of this guy showing us how he trades	15:38
	"i have a stochastic cross here.... no emotions...... i buy herek, sell there... mix in a few other strategies...."
	i laugh everytime i see that	15:39
<+szubaark>	u ever watch that ForexMadeEasy infomercial?
	or WIZETRADE? people paying $3500 for that crap
<+silo>	oh and they show like tons of old folks taking the seminar?	15:40
	:D
<+ddoonie>	damnit there it goes
<+szubaark>	its just 2 Moving Averages when they cross giving Green and Red arrows
	i guess its good for the Pros, brings in new,fresh blood
<+silo>	oh yeah i've seen those	15:41
	:)
<@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.	15:43
<Dokebilee>	hoola	15:48
<+TraderG>	this drop today - which is counter intuitive - do you think that by Monday, after the vote, it will reverse or this is a fundamental thing which has nothing to do with the bailout package?	15:50
<+ddoonie>	i think it will reverse, just pushing down the market to obtain a better price for post announcement	15:55
<+Maximus>	heading out	15:57
	gn all
<+rickf>	buy on green sell on red, it's THAT simple	16:03
	that ameritrade guy is funny -- how many ameritraders know wtf stochastics are?
<+T-stop>	lol
* +rickf	saw a wisetrade (i think) ad on sun morn a few weeks ago waiting for meet the press to start ... i was in absolute tears :)	16:05
<+rickf>	beh. gonna head out and get food before the vp-debate-watching party tonight. hope to be back trading tomorrow now that i got a bunch of stuff done this week	16:07
	have a good one, see you tomorrow!!
<+T-stop>	cya	16:09
<+werner>	gn all	16:15
* +Tintin	: bye all	16:40
* ddoonie	----[ Buys ES @ 1230 ]---- testing trade posting script-	22:40
<@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: Fri Oct 03 00:00:00 2008	23:58
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	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)

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In addition, below are the trading instruments our chat room members monitor closely to make trade decisions:  

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