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| October Trade Log | Trade Strategies | WRB Analysis Tutorials | Music While Trading | Testimonials | Disclaimer |
#FuturesTrades
October 3rd Friday 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.
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: Fri Oct 03 00:00:00 2008Session Ident: #futurestrades <ddoonie> . 01:28 <Maximus> anyone trading the eurex open? 01:41 <@X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTra desChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrad es.htm <+silo> when's the vote todya anyone know? 09:26 <nqcruiser> whats the symbol for YM on esignal <+rickf> midday not sure when 09:27 lemme look around noon 09:28 they're 'setting the rules' now i think 09:29 http://www.foxnews.com/story/0,2933,4320 62,00.html <drt> gm all 09:30 <+silo> Shorts YM @ 10614 09:32 <@NihabaAshi> Long ES @ 1137.50 -> large size 09:34 10 only <sav> Shorts NQ @ 1523.75 09:35 <+nqcruiser> short es 37 <+sav> Covered all NQ Short @ 1523.75 --> 0 <@NihabaAshi> Exited all ES Long @ 1137.50 --> 0 09:36 Lost in the forest <+silo> Covered all YM Short @ 10628 --> - 14 09:39 should've exited sooner :( <@NihabaAshi> Long ES @ 1138.75 -> large size 09:40 <+silo> Long YM @ 10628 <@NihabaAshi> 9 only Exited 2/3 ES Long @ 1142.00 --> + 3.25 09:42 <+silo> Exited 1/2 YM Long @ 10646 --> + 18 <@NihabaAshi> trailing stop @ profit 09:44 Exited Remainder ES Long @ 1140.25 --> + 1.5 09:45 <Nesi> news 09:46 <+Nesi> heads up just in case disregard...my mistake 09:47 sorry <MK> what time is the bailout vote 09:48 <+Nesi> no timeframe <oaktree> short ym 10634 paper <@NihabaAshi> Shorts ES @ 1139.00 -> small size <+Nesi> can happen anytime <@NihabaAshi> 3 only trailing stop @ profit 09:49 Covered all ES Short @ 1138.50 --> + 0.5 <+silo> Long YM @ 10638 -> Add 09:50 <+sav> crazy on nq <+Maximus> late short NQ at 1520.25 and out 1519.25 +1 09:51 <szubaark> Buys ES @ 1139 «« paper »» 09:53 <+szubaark> tightening Stop exit stop moved to breakeven ES @ 1139 «« paper »» <+silo> nq is very volatile this morning lots of room upstairs though if we do break this level havea full position established again 09:54 <@NihabaAshi> Long ES @ 1141.25 -> small size 2 only * Tintin : hi all 09:55 <+rickf> same on es, but i'm erring on the side of extra caution today 09:56 <T-stop> ism @ :00 <+szubaark> tightening Stop 09:57 exit stop set ES @ 1140 «« paper »» Exited all Long ES at 1140 --> + 1 «« paper »» 09:58 <@NihabaAshi> trailing stop @ profit 10:00 <+oaktree> out ym 10622 paper <@NihabaAshi> Exited all ES Long @ 1141.75 --> + 0.5 10:01 <+silo> damn it missed the exit lol shake out? 10:02 let's see if it go higher this time i sure hope i get an exit this time :) <@NihabaAshi> Shorts ES @ 1141.00 -> small size 10:03 1 only trailing stop @ profit tighten trail 10:05 <+szubaark> Shorts ES @ 1139 «« paper »» <@NihabaAshi> exit stop lowered ES @ 1140.25 <+szubaark> Covered all Short ES at 1139 --> 0 «« paper »» 10:06 <@NihabaAshi> exit stop lowered ES @ 1140.00 <+szubaark> Shorts ES @ 1137 «« paper »» <+silo> Exited all YM Long @ 10613 --> - 40 <+rickf> short es 37 <+silo> man had a nice pop didn't exit :( 10:07 <+sav> Long NQ @ 1529.5 10:08 Exited Remainder NQ Long @ 1531.75 --> + 2.25 <+MK> vote in on 10:09 <+szubaark> tightening Stop exit stop set ES @ 1138.50 «« paper »» <+MK> yea leading from the opening gate 10:10 <+szubaark> tightening Stop 10:11 exit stop moved to breakeven ES @ 1137 «« paper »» <+rickf> exit 34.75 +2.25 10:12 <+szubaark> Nice rick <+rickf> thx szu <+szubaark> Covered all Short ES at 1137 --> 0 «« paper »» 10:13 <+rickf> trading smll sizes today -- too much uncertainty <+oaktree> buy ym 10610 paper <@NihabaAshi> Covered ES Short @ 1139.00 --> + 2 10:14 <+szubaark> Buys ES @ 1141.50 «« paper »» 10:15 chase <+oaktree> out ym 10642 paper 10:16 <+szubaark> Volatility increasing <Brutus> is the house voting now? <+Nesi> no right now some republicans on tv tho <+Maximus> i think just speaking <+Brutus> k thx <+MK> i see the votes live on cnbc video 10:17 <+Maximus> ive got cnbc on, just repub speakers.. are you in the US MK? <+szubaark> Volatility increasing tightening Stop exit stop moved to breakeven ES @ 1141.25 «« paper »» <+rickf> this isn't THE vote <+MK> yes, i see they voting on something-not the one? 10:18 <+szubaark> Exited all Long ES at 1140.50 --> - 1 «« paper »» <+rickf> they're just setting the rules of the debate ... congressional procedure thing <+MK> sorry guys-jumped the gun <+Maximus> wachovia halted <+rickf> tho if they don't get 218 on this vote, THE vote prolly won't happen <+silo> Shorts YM @ 10642 <+rickf> pelosi said if they couldnt guarantee passage they wouldn't bring it up for a vote 10:19 <+silo> Covered all YM Short @ 10657 --> - 15 <+MK> that's like a guy who doesn't want to fight unless he's guaranteed to win <+szubaark> Buys ES @ 1142 «« paper »» 10:20 <+rickf> after monday, would you want otherwise? :( <+Maximus> Long 1141.75 ES* <+szubaark> tightening Stop 10:21 exit stop moved to breakeven ES @ 1142 «« paper »» <+Maximus> stop to B/E +2 <+silo> Long YM @ 10676 <@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. 10:22 <+Maximus> out ES 1143.75 +2 <+silo> Exited all YM Long @ 10664 --> - 12 <+szubaark> Exited all Long ES at 1142 --> 0 «« paper »» <+silo> Shorts YM @ 10658 10:23 <+sav> this is too crazy for my liking <+rickf> yah 10:25 <+szubaark> hope they pass this bill so market returns to good volatility, instead of nasty volatility 10:26 <+rickf> think it'll be chopzone today this is creeper action :( <+Maximus> chopzone until the vote for sure, or at least a probable rally into the vote <+rickf> lol - rally to suck in the longs, and to get the shorts set up for the fall <+Maximus> lol <+silo> Covered all YM Short @ 10673 --> - 15 10:28 <+Maximus> short ES 1142.75 10:29 out ES 1142.00 + 3/4 10:30 <+Brutus> 10/03/2008 10:31 *DJ House Votes 235-190 To Clear Procedural Hurdle On $700B Rescue 10:32 <+Nesi> fresh news? <+Brutus> now to the main vote 10:33 <+szubaark> is this on tv? <+Nesi> no <+Maximus> dont see it <+Nesi> dont see it <+Brutus> DJN <+Maximus> ah <+rickf> ok out for a bit -- gonna go get a haircut to avoid trading temptation before the vote :) 10:34 back in a bit <+Nesi> can come soon 10:35 <+MK> that madam speaker is annoying 10:42 <+szubaark> Buys ES @ 1145.50 «« paper »» 10:48 tightening Stop 10:49 exit stop set ES @ 1143.50 «« paper »» <@NihabaAshi> Shorts ES @ 1145.25 -> small size 1 only 10:50 <+szubaark> tightening Stop exit stop set ES @ 1144 «« paper »» tightening Stop 10:51 exit stop moved to breakeven ES @ 1145.50 «« paper »» <@NihabaAshi> Covered ES Short @ 1147.25 --> - 2 10:52 Long ES @ 1148.50 -> small size 10:53 <+szubaark> tightening Stop <@NihabaAshi> 2 only <+szubaark> exit stop set ES @ 1146 «« paper »» Exited all Long ES at 1150.50 --> + 5 «« paper »» 10:54 <@NihabaAshi> Exited all ES Long @ 1150.25 --> + 1.75 10:56 <+MK> Exited all ES Long @ 1150.5 --> + 6.75 «« paper »» 10:57 <@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> Shorts YM @ 10719 10:58 Covered all YM Short @ 10737 --> - 18 11:00 <@NihabaAshi> Long ES @ 1153.75 -> small size 11:10 2 only 11:11 trailing stop @ profit 11:12 Exited all ES Long @ 1154.00 --> + 0.25 <+szubaark> For you people wanting to trade the Big Dax and didnt have enough capital, now there is a Mini-Dax 11:14 <+Maximus> isnt dax 12.50E a tick? 11:15 <winmax60> good morning niha and everyone.. <+szubaark> the mini is $10 <+Maximus> hmm not much difference i think liquidity would be a concern 11:16 <+Brutus> http://www.usfe.com/products-ei-dax.html 11:28 <TraderG> how naby ticks does the DAX move per day (ATR)? 11:30 <+TraderG> naby = many <+Brutus> is there any good dax chat sites? today 200 pts, normally 100 to 150pts 11:31 2ticks/pt <+TraderG> $10 is that per point or tick? 11:32 <+Maximus> 12.50E a tick on big dax, i think that mini is 10$E a tick <+TraderG> 10$ or 10E? 11:33 <+szubaark> Buys ES @ 1150.50 «« paper »» <+sav> 10$ i think <+Brutus> USFE mini$ DAX® has a tick size of 1.0 index points with a $10 USD multiplier. <+sav> i think the mini dax could be a good idea <+szubaark> exit stop set ES @ 1148.50 «« paper »» 11:34 <+TraderG> what r the margin requirements (initial)? <+szubaark> tightening Stop 11:36 exit stop set ES @ 1149 «« paper »» 11:37 exit stop moved to breakeven ES @ 1150.50 «« paper »» 11:38 declining Volatility tightening Stop 11:40 exit stop set ES @ 1151 «« paper »» Exited all Long ES at 1151 --> + 0.5 «« paper »» 11:41 <+silo> shorted averaged at 10746 11:43 3 contracts 11:45 1 is a hold from 10760 <+szubaark> Shorts ES @ 1149.75 «« paper »» <@NihabaAshi> Shorts ES @ 1150.00 -> small size 11:46 3 only <+szubaark> exit stop set ES @ 1151.50 «« paper »» 11:47 <@NihabaAshi> trailing stop @ profit <+szubaark> tightening Stop exit stop moved to breakeven ES @ 1149.75 «« paper »» <+silo> out 1/3 11:48 <@NihabaAshi> Covered 2/3 ES Short @ 1147.50 --> + 2.5 11:49 <+rickf> bak 11:50 <+szubaark> Covered all Short ES at 1147 --> + 2.75 «« paper »» <+silo> stop set to 10710 11:52 out another 1/3 just 1/3 left out 10710 on reamining 1/3 11:56 wheeew 11:57 that saved my ass i was down huge :( <@NihabaAshi> Covered ES Short @ 1147.00 --> + 3 Reverse and Enter Long ES @ 1147.00 1 only Exited ES Long @ 1146.25 --> - 0.75 11:59 Long ES @ 1147.25 -> small size 12:06 3 only Exited all ES Long @ 1145.25 --> - 2 12:09 <+silo> Long YM @ 10704 12:10 <@NihabaAshi> Long ES @ 1146.00 -> medium size 12:15 4 only <+szubaark> Buys ES @ 1146.75 «« paper »» Exited all Long ES at 1145 --> - 1.75 «« paper »» 12:16 <Dokebilee> when will the house vote on the bailout bill today? <+Dokebilee> or is it under session already? <+rickf> still debating <+szubaark> lol <+rickf> i used ta work there ... tho i feel like they're a bunch of squawking chickens lol 12:17 <@NihabaAshi> Exited all ES Long @ 1144.75 --> - 1.25 <+silo> Exited all YM Long @ 10688 --> - 16 <+szubaark> Buys ES @ 1145 «« paper »» 12:18 <+Maximus> politics to trading :) <+rickf> short es 44.50 12:19 <@NihabaAshi> Shorts ES @ 1144.50 -> small size 12:20 3 only <+szubaark> Exited all Long ES at 1144 --> - 1 «« paper »» <+rickf> exit 42.25 +2.25 12:22 <+Maximus> late short es 1144- <@NihabaAshi> Covered all ES Short @ 1142.00 --> + 2.5 <+Maximus> stop to b/e+tick moving stop to +1 12:24 <@NihabaAshi> Shorts ES @ 1140.50 -> medium size 4 only volatility increasing <+Maximus> moving stop to +2 <+silo> we have support here 12:25 <+Maximus> Out ES 1142 +2 <@NihabaAshi> Covered all ES Short @ 1141.75 --> - 1.25 12:26 Long ES @ 1142.50 -> medium size 12:28 <@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> 4 only Exited all ES Long @ 1144.25 --> + 1.75 12:32 Long ES @ 1145.00 -> medium size 12:36 4 only trailing stop @ profit 12:38 <+Maximus> vote at 12:45 EST 12:39 <@NihabaAshi> tighten trailing stop 12:41 <+oaktree> sel ym 10717 paper out ym 10755 paper 12:48 <+szubaark> Shorts ES @ 1150 «« paper »» 12:50 Covered all Short ES at 1151.25 --> - 1.25 «« paper »» 12:51 Buys ES @ 1151.50 «« paper »» <+Maximus> careful of fire hose volatility as this thing progresses <+silo> Long YM @ 10759 <+szubaark> Exited all Long ES at 1151.50 --> 0 «« paper »» 12:52 Buys ES @ 1152 «« paper »» <+silo> if we break this level up here boy oh boy <+szubaark> CHASING <Dokebi> shorts coming out 12:53 <estrader1> long 51.75 tgt 56 <+szubaark> Exited all Long ES at 1151.50 --> - 0.5 «« paper »» * codehead_afk is now known as codehead 12:54 <@NihabaAshi> Exited 3/4 ES Long @ 1152.75 --> + 7.75 12:55 <+silo> szu? <+szubaark> ? <+Maximus> n1 nihaba <+szubaark> Shorts ES @ 1152 «« paper »» 12:56 <+rickf> omg pelosi speaking <+Maximus> eh here we go again lol 12:57 <+T-stop> lol <@NihabaAshi> exit stop raised ES @ 1150.00 12:58 <+szubaark> Covered all Short ES at 1154 --> - 2 «« paper »» :( 12:59 time to sit on sidelines, getitng crazy <+estrader1> out 1/2 53.75 +2 <+rickf> i did one entry, barely got out with 2 ticks .... too tempting, and too tenative 13:00 (didnt post that second trade, so ya didnt miss it) tho had i stayed in, i'd have been fine .... how typical 13:01 <+Maximus> c'mon get it to already lol to it* <Dokebilee> is the minisp lagging behind the real sp? 13:02 <+Dokebilee> by a few points? <+silo> Exited all YM Long @ 10776 --> + 17 <+Maximus> you mean SPX? or the big S&P future <+silo> Shorts YM @ 10770 <+estrader1> out rest 51.75 b/e 13:03 <+Dokebilee> spx mini s&p 500 <+Maximus> the ES is trading at a premium to SPX <+Dokebilee> hmm 13:04 thanks <+szubaark> Buys ES @ 1154.50 «« paper »» 13:05 Exited all Long ES at 1154.50 --> 0 «« paper »» 13:06 <+Dokebilee> anyone watching the debate? I can't watch it atm :( <+rickf> so far she's okay <+Maximus> cnbc <+rickf> pelosi not being political 13:07 <+Dokebilee> wow lol <+T-stop> traders on floor watching for Pelosi to dish rep. <+rickf> she's done < - cspan <+Dokebilee> perfect timing rick <+T-stop> sheesh <+rickf> debate is over <+Maximus> finally <+Dokebilee> I mean voting sorry how is the boting going voting* <+rickf> roll call vote calle <+Maximus> here we go <+silo> Covered all YM Short @ 10780 --> - 10 <+Nesi> 15 min to vote 13:08 <+rickf> staying flat <+Maximus> longshort ES YM spread <@NihabaAshi> Exited Remainder ES Long @ 1158.25 --> + 13.25 <+ddoonie> what spread? <+Maximus> Holding ES long, out YM <+T-stop> 3-1 yea early on 13:09 <+rickf> 77-27 218 magic number <+Dokebilee> 77-27 so far? nice <+Maximus> long es side was at 1155.50 <+Dokebilee> shorts coming out I think 13:10 <+rickf> all indications ... can switch votes and likely be switching right until the end, if not holding itopen for a bit longer <+Nesi> market digested it already <+T-stop> possible sell the news, imo...craizer things have happened <+Nesi> market seems to know it will pass...imho <+MK> cnbc online count is lagging about 15 seconds from tv 13:11 <+rickf> 98-37 <+Maximus> in on the online feed, delayed keep it comin rick <ItalianSharp> 130 39 13:12 <+rickf> thing is this WONT fix the economy .... just stabalize the markets some <+T-stop> uh <+ItalianSharp> 104 40 <+T-stop> y <+Maximus> out ES <+ItalianSharp> we need 219 13:13 <+T-stop> still 287 to vote <+ItalianSharp> 108 41 <+Maximus> 218 or 219? <+ItalianSharp> 219 <+MK> seems like it was priced in already <+rickf> lol ... thought that was the 30 year, italiansharp .... 108 41 <+ItalianSharp> 111 43 <+Maximus> lol <+ItalianSharp> 116 47 13:14 <+ddoonie> Thanks for the updates ItalianSharp ! <+Dokebilee> long es 1153 <+rickf> 8 min left <+ItalianSharp> 117 50 13:15 120 57 218 needed 124 59 13:16 130 62 <+rickf> 6 mi 13:17 <+Maximus> hmmm <+ItalianSharp> 145 70 5mins left 13:18 145 76 <+Dokebilee> if it doesn't reach 218 before the 5 minutes, it will fail? sorry :P <+ItalianSharp> yes, there is a time constraint...however, the clock is being stopped every so often <+rickf> no <+ItalianSharp> 151 79 <+rickf> but indications drive sentiment drive markets :) 13:19 <+T-stop> Cashin sayin pos fed 1/2 cut after vote...Has shorts leary of sell news. fwiw <@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> 164 86 <+Maximus> just heard that too <+rickf> damn - talk about being damned either way, eh? <+T-stop> hehe <+ItalianSharp> lol <+Brutus> cashin? <+ItalianSharp> 172 87 <+rickf> art cashin , ubs floor mgr <+Brutus> k thx 13:20 <+ItalianSharp> 178 39 182 96 <+Dokebilee> damn it, hopping <+ItalianSharp> 2min warning...no timeouts left 13:21 :) <+Maximus> haha <+T-stop> 140 left to vote <+Maximus> gonna be close <+ItalianSharp> 192 108 <+rickf> 192-108 lol <+Dokebilee> gogogo <+rickf> 126 NV <+Maximus> anddddddd...... <+Dokebilee> NV? 13:22 <+rickf> 202-116 <+ItalianSharp> 1min left...spike the ball!!! <@NihabaAshi> Long ES @ 1158.00 -> small size 1 only <+ItalianSharp> 205 121 <+silo> there's probably someone there cracking whips on the nayers <+Maximus> twisiting arms <+ItalianSharp> 35secs <+Maximus> tally? <+ItalianSharp> 3rd and long <+Maximus> lol <+ItalianSharp> 222 we got it right 13:23 <+Nesi> oh my <+Dokebilee> shorts are out! <@NihabaAshi> Exited ES Long @ 1154.00 --> - 4 <+T-stop> done only 58 votes left <+rickf> hrmmm <+T-stop> nay cant catch up <+Maximus> short es 1150.25 <+rickf> wtf <TradeLancer> this will get wild & crazy, rig for heavy rollers <+Maximus> out 1146.00 <+T-stop> unless they change their votes 13:24 <@NihabaAshi> Long ES @ 1150.00 -> small size <+Nesi> imagine if this dont pass <@NihabaAshi> 1 only <+rickf> 240-160-34 <+ItalianSharp> isnt it mathematically passed? <+T-stop> y <+Dokebilee> why is es continuing to go down right now.. 13:25 <+T-stop> done <+rickf> yeah but votes canbe changed <+ItalianSharp> vote not yet official <+T-stop> unlikely to change that many votes <+rickf> 'wait till they bang the gavel" 12 NV <+Nesi> 10 now 13:26 8 now :) <+silo> Long YM @ 10733 <+rickf> 262-170-2 all votes in gavel! 263-171 looks like 13:27 <+Maximus> history <+ItalianSharp> it's official now...isnt it? bill passed <+Nesi> passed correct? <+ItalianSharp> yes <+rickf> yup <+Nesi> market not reacting <@NihabaAshi> Exited ES Long @ 1151.00 --> + 1 <+ItalianSharp> so markets should tank right? <+T-stop> man if the fed stepped in here this mky would really ramp, imo 13:28 <+Nesi> wow <+silo> Exited all YM Long @ 10710 --> - 23 <+rickf> yow they did NOT Like that <+T-stop> sell the news so far <+Maximus> look out below <+ItalianSharp> yep...sell the news big time <+ddoonie> when everyone gets knocked out of their longs this will turn <@NihabaAshi> Don't use market orders :) <+Dokebilee> what happened.. <+Maximus> :) <+rickf> :) <+T-stop> ) <+sav> omg 13:29 <+Dokebilee> didn't the bill pass? <+T-stop> y lol <+Maximus> man this bickering on cnbc is garbage.. everytime i turn it on it reminds me why i never turn it on other than major events.. <+TradeLancer> buy the rumor, sell the news <+T-stop> mky lookin forward <+rickf> no kidding effing scream-fest .... they producers even said they WANT conflict make it interesting to the retail folks 13:30 <+Maximus> yup.. gotta boost those rating with bipolar market analysis at every turn lol... what a waste <+rickf> i do bloomberg in the morning over breakfast -- cnbc 'fast money' for a recap when i'm making dinner 13:31 otherwise blissful silence when trading :) <+Maximus> yes <+rickf> better trader that way, too <+T-stop> if fed were to act, they probably let mky fill with shorts first, imo <@NihabaAshi> Shorts ES @ 1143.00 -> small size 13:32 3 only <+ItalianSharp> man...the markets owed a rally to the house....tanking now would mean: I dont care about any bill you pass, i'll just keep dropping <@NihabaAshi> order filled * Kalle [ short ES @ 41.5 ] * +Kalle [ out ES @ 40.5 +1 ] <@NihabaAshi> trailing stop @ profit <+rickf> i think i'm gonna stand aside for a while ... uncertainty reigning supreme now 13:33 * +Kalle [ out ES @ 37.5 +4 ] <+rickf> nice kalie <+T-stop> same here rick * +Kalle [ flat ES @ 34.5 +7 ] <+sav> well that was quick sold 1530 and out at 1527 nq <+Kalle> thx rickf <+rickf> sheesh this was not the reaction i'd have thought would happen 13:34 <+T-stop> too risky for me <+Maximus> same here <+ItalianSharp> rick, i was expecting some selling but not this much selling <+T-stop> plenty of great days ahead <+ItalianSharp> it can still turn around and rally <+rickf> "there's always another trade" :) <+Maximus> sure can <+rickf> yeah <+ddoonie> i think it will turn around <+T-stop> easily, Italian 13:35 <+ItalianSharp> as i said, the market owes it to the house <+ddoonie> just flushing out everyones longs still <+Maximus> big volatility <+ItalianSharp> nancy pelosi speaking now <+ddoonie> if it goes much past yesterdays close, then i'll think twice <+T-stop> Pelosi gonna take credit 13:36 <+Maximus> naturally <+T-stop> hehe <+silo> i'm going for a cig haha <intowin_away> wasnt that vote just for the amendments to the bill? the actual bill is next correct <+Maximus> that was the actual bill 13:37 <+ItalianSharp> no, this was the actual bill <+Maximus> the amendment bill was prior <+intowin_away> hmm <+oaktree> out qqq puts 13:38 <+Maximus> long 1140 13:39 ES <+rickf> And now for something until the market settles: http://www.youtube.com/watch?v=mzJmTCYmo 9g (it's work safe) <+Maximus> out 1138 ES -2 13:40 <@NihabaAshi> Covered 2/3 ES Short @ 1132.50 --> + 10.5 13:44 Holding 1 contract remainder <+T-stop> vvn <+rickf> braver man than me, gunga-din :) <+T-stop> Niha, ice water veins <+ddoonie> gap closed, if this goes further, then i think its not recovering before the weekend 13:45 <+T-stop> worst case scenario, bill passes, mky sells off, imo 13:46 impt lvl here, imo <+silo> Long YM @ 10568 13:48 <+oaktree> close all qqq puts 13:49 <+silo> exit stop set YM @ 10568 breakeven stop <@NihabaAshi> Covered Remainder ES Short @ 1135.00 --> + 8 <+ddoonie> there it is, closed gap and turned 13:50 <+T-stop> nice entry silo <+silo> wish me luck 13:51 i have it set to breakeven i hope it doesn't come back there <+T-stop> mky got a few shorts now, see if they can squeeze em, imo <+ddoonie> yup, pulled back 13:52 <+silo> OMG NOOOO 13:53 dont hit my stop <+T-stop> where ya been <+szubaark> ahaha <+T-stop> hehe <+silo> Exited all YM Long @ 10568 --> 0 13:54 <+T-stop> Bush shortly, yikes <+silo> freaking a <+szubaark> they heard you 13:55 <+sav> unlucky silo <+ItalianSharp> silo...did you have a 300pt target? <+szubaark> lol <+ItalianSharp> damn...you were over 100pts in the money <+silo> yes :) haha <+szubaark> greedy silo.. he had like 50+ points in the bank <+ItalianSharp> nobody beats you up if you take 50pts or so :) szu, he had over 100 <+silo> Long YM @ 10574 <+szubaark> PLUS he can scale out, 2 contracts <+ItalianSharp> let's see if you've learned your lesson now 13:56 :) <+silo> haha yeah <+ItalianSharp> i bet 100 bucks silo will take profits before he reaches 100pts :)) <+szubaark> its Nuts even trading this <+ItalianSharp> i am still nursing a bad flu so no trading for me all this week except for wednesday <+sav> Long NQ @ 1522.00 13:57 <+szubaark> its nice taking a break once a while <+ItalianSharp> yeah...it's been a messy week anyways finally this bill has passed <+szubaark> these news spike are getting Old <+T-stop> Bernanke applaudes action...cnn hmmm <+ItalianSharp> i think we are set for a big rally 13:58 as i said, i can't see the markets tanking today tank monday and all next week not today <+T-stop> rate cut not probable now, imo <+ItalianSharp> it's a symbolic rally for godsake <+Nesi> Long ES @ 1134.50 «« paper »» <+sav> Exited all NQ Long @ 1525.00 --> + 3 <+Nesi> Exited all ES Long @ 1132.00 --> - 6.5 «« paper »» 14:00 Long ES @ 1131.00 «« paper »» 14:01 <+sav> Shorts NQ @ 1518.00 <+Nesi> Exited all ES Long @ 1130.00 --> - 1 «« paper »» 14:03 <+T-stop> bernanke comments may give shorts more confidence...imo, but agree Italian, up more likely Bush on <+ItalianSharp> bush on ----> mkts tanking <+silo> Exited all YM Long @ 10559 --> - 15 <+ItalianSharp> that guy is a total jinx <+T-stop> hehe <+szubaark> hahah <+ItalianSharp> someone tell bush to get off tv so we can have a decent rally 14:04 <+sav> Covered all NQ Short @ 1515.25 --> + 2.75 <+ItalianSharp> i have no interest in any direction, just cheering for bulls because what the congress decided today was the right and only thing to do 14:05 <+silo> Long YM @ 10574 14:06 <+ItalianSharp> good luck to the next US president dealing with the deficit <+silo> late post <+Nesi> Long ES @ 1132.00 «« paper »» <+T-stop> silo gonna get his elephant yet 14:07 <+szubaark> hahaha <+ItalianSharp> silo going for the homerun <+silo> shamefully yes :( <+T-stop> hehe 14:08 bush done <+ItalianSharp> damn...you can almost feel it that this thing is dying to rally yet, it's not :( come on bulls, where is american patriotism? <+szubaark> this is acting like one of those crazy FOMC days <+ItalianSharp> today is an historical day 14:09 <+rickf> i paid my taxes already <@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> Destroying everything in its path <+ItalianSharp> it'll go on books just think about a book history 10 years from now: <+silo> anyone wanna help me out and buy some here? haha :) <+T-stop> your ok <+silo> bases loaded 14:10 <+T-stop> lol <+silo> i just need a grandslam <+T-stop> 3/2 pitch <+silo> i have a feeling i'm going to get striked out and get bench for the rest of the season <+T-stop> lol 14:11 <+silo> haha <+T-stop> na <+ItalianSharp> "On October 3rd, 2008 the US Congress approved a $830 Billion bill to rescue the financial system"...what's better to follow...1) "Wall Street shares reacted by tanking 3%" or "Wall Street shares cheered at amendment and trust was restored via a 5% rally" <+szubaark> eheheh <+silo> if we clear this area this could really run if we could clear this area here <+ItalianSharp> it just makes no sense to tank today seriously <+T-stop> y, you good to go <@NihabaAshi> Long ES @ 1136.50 -> small size 2 only 14:12 <+ItalianSharp> no historian will ever write a book if we tank <+sav> Long NQ @ 1530.5 <+silo> still low volume though <+ItalianSharp> markets are this stupid sometimes <+silo> wtf <+szubaark> Buys ES @ 1137 «« paper »» <+T-stop> silo good patience, nice wk regardless of outcome <+ItalianSharp> silo, have trust and think of the history book <+silo> moving stop to breakeven 10574 <@NihabaAshi> 1st trade error of the trading day. 2 more and I'm done for the day 14:13 <+silo> oh dont compliment me ... i've made too many mistakes already :( i'm just desparate haha <+T-stop> na need that 660 to go these fast spikes up/dn are hard to deal with 14:14 imo need a big stp <+silo> yeah i made one trade error today too with one contract only at the time 14:15 thank god instead of selling to get out of my long i added another contract there :( <+T-stop> been there lol <+Dokebilee> lost alot today.. lol <+T-stop> ( <@NihabaAshi> Exited all ES Long @ 1135.00 --> - 1.5 14:16 <+sav> Exited all NQ Long @ 1530.75 --> + 0.25 <+szubaark> Exited all Long ES at 1134.50 --> - 2.5 «« paper »» Shorts ES @ 1134.50 «« paper »» <+silo> please dont hit my stop this time 14:17 oh god haha <+T-stop> lotta junk 660-675 area ym, imo <+szubaark> tightening Stop exit stop moved to breakeven ES @ 1134.50 «« paper »» <+silo> my god if i just exit at the top on all these longs i had i would've made a lot of money haha 14:19 :( <+T-stop> unreal they got ya? <+estrader1> short 33 <+silo> yeah i exited breakeven <+T-stop> may be the bot. lol <+silo> back in at 10578 <+T-stop> haha revenge 14:20 <+silo> keep hitting my breakeven stop :( and then bounce back up immediately sigh :( * +ddoonie ----[ Shorts ES @ 1132.25 ]---- 14:21 <+T-stop> tough enviornment...news, bush, friday, lot going on <+szubaark> tightening Stop exit stop set ES @ 1133.75 «« paper »» <+estrader1> out 1/2 31 +2 <+szubaark> gezz.. still jumpy <@NihabaAshi> Shorts ES @ 1131.75 -> small size 14:22 3 only * +ddoonie ----[ Covered 1/2 Position ES @ 1130 ]---- 14:23 <+silo> out <@NihabaAshi> Covered all ES Short @ 1129.75 --> + 2 <+estrader1> out rest 29+4 <+silo> Shorts YM @ 10556 14:24 <+szubaark> Covered all Short ES at 1128 --> + 6.5 «« paper »» <+rickf> wtg <+szubaark> thanks.. will protect daily profit goal now 14:25 <+estrader1> long es 28.5 * +ddoonie ----[ ESStop Moved To0,2 B/E ]---- 14:27 <@NihabaAshi> Shorts ES @ 1125.75 -> small size 1 only <+estrader1> out 26.5 -2 <@NihabaAshi> geeesh <+szubaark> sneaky <+Maximus> nice entry ni <+T-stop> cashin, if we go red could get real ugly <@NihabaAshi> unexpeected volatility spike <+szubaark> Niha, nice trading. 14:28 <+rickf> yeesg yeesh <+ddoonie> stop moved to 125.50 (+8) <+silo> Covered 1/2 YM Short @ 10590 --> - 34 oops i shorted too out half <+Maximus> :) <+szubaark> Sell now, then end of day Monster rally? <+silo> that was not right 14:29 <@NihabaAshi> exit stop lowered ES @ 1124.75 <+T-stop> vn Niha 14:30 professionals rule this mky <@NihabaAshi> Covered ES Short @ 1114.50 --> + 11.25 14:32 crazy <+T-stop> cool <@NihabaAshi> I'm done for the day <+rickf> just did a 2.25 scalp <+ddoonie> stop moved to 1120 +14.25 <+rickf> too quick to post :( 14:33 <+silo> out reamining short 14:34 <@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> if only i exited on the previous longs haha <+Maximus> very nice ni * +ddoonie ----[ Covered ES @ 1114.50 ]---- 14:35 <+silo> Long YM @ 10474 <+ddoonie> woohoo :) +19 <KN-SR> 12.25 was the support 14:36 <+T-stop> hey KN <palmer> KN you back <+palmer> !! <+KN-SR> :) watch for 27.25 <+rickf> last trade details: 14:37 <+KN-SR> it it breaks it ... we are heading for 53 <+silo> Exited all YM Long @ 10516 --> + 42 <+rickf> short es 114.50 (late) <+T-stop> nice silo <+rickf> exit es 1112.75 +2.25 (late) <+silo> if i had done this the fist couple of trades.. man i would've been at breakeven or profitable already haha <+szubaark> silo, u still down? 14:38 <+palmer> KN i haven't gotten the adoption papers yet daddy <+silo> Shorts YM @ 10521 14:39 <+KN-SR> :) working on mom first kids are later :) <+palmer> my wife is available just for u 14:40 <Brutus> lol <+T-stop> lmao <+szubaark> lol <+T-stop> KN <+rickf> :) <+KN-SR> :) <+Maximus> lol <+KN-SR> is ur wife that bad! <+T-stop> hehe <+KN-SR> trying to get rid of ..... <+palmer> none <+Maximus> *feels young lol <+palmer> the opposite <+silo> my god.. my entries today are insanely accurate haha hahaa 14:41 if only i had exited them haha <+KN-SR> use limit orders..... <+palmer> i just want to get adopted- so I will do what it takes <+silo> instead of going for 500 points in one trade i'll go for 100 points on each lol <+Maximus> lol <+KN-SR> :) <+T-stop> ) <+szubaark> silo LOL 14:42 <+silo> Covered all YM Short @ 10530 --> - 9 <+rickf> lol "#futurestrades fund", inc <+silo> could get a bottom here will wait for it to play out see if we get a long <+Maximus> lol <+KN-SR> :) 14:43 we need it to break 27.50 <+silo> Shorts YM @ 10521 -> large size back in <+KN-SR> in an hr then we will have a big gap on monday ..... i think 14:44 <+szubaark> you aggressive today silo, kind of like me on FOMC madness hahahah * +ddoonie ----[ Shorts ES @ 117.25 ]---- 14:46 <+silo> Covered 1/2 YM Short @ 10480 --> + 41 14:47 <+Brutus> 10/03/2008 14:37 *DJ Buffett: It Will Be A While Before Recession Bottoms-CNBC >BRKA Buffett buying as mush as possible :) <+silo> Covered Remainder YM Short @ 10457 --> + 64 <+rickf> < - looking @ buying brk <+T-stop> wtg * +ddoonie ----[ Covered 1/2 positions ES @ 114.75 ]---- 14:48 <+rickf> why buy the fish when you can buy the shark :) <+silo> Long YM @ 10475 14:49 catching 50 points move and losing 15 pts on stop loss is not a bad trade off :) <+KN-SR> should be a good place here to go long wth 12 as stop <+Brutus> I think it will 2B the low 14:50 <+silo> haha damn :) <+T-stop> bush/Paulson on <rogercha> db? <+silo> double bottom 14:51 <+KN-SR> +3 <+Brutus> 2b reversal <+szubaark> also known as a "W" <+silo> moved stop to breakeven 14:52 <+szubaark> also known as a 1-2-3 LOL, any other names outthere?? <+KN-SR> +5 <+szubaark> Woodie calls it Vegas setup LOL <+KN-SR> +6 14:53 <+Maximus> that guy is still around? <+KN-SR> +7 <+szubaark> so for one setup we got 4 different frikin names.. * +ddoonie ----[ Covered ES @ 1123 ]---- <+KN-SR> +8 <+silo> Exited 1/2 YM Long @ 10525 --> + 50 <+palmer> what's that KN <+KN-SR> [13:49:35] <+KN-SR> should be a good place here to go long [13:49:44] <+KN-SR> wth 12 as stop <+palmer> ok 14:54 <+szubaark> Max.. yes, unfortently <+KN-SR> so if the entry arround 16 .......... shuould cover +8 <+szubaark> although now hes more into Semninars and Videos <+Maximus> like most 'gurus' gone bust lol <+ddoonie> if it can't break 1126ish, i'll look for shorts 14:55 <+palmer> oh ok- that all u think it has on the upside <+KN-SR> nice silo anyay guys..take care.......good trading...... <+Maximus> cya 14:56 <+T-stop> tks KN, cya <+rickf> cya <+Brutus> cya kn <+Maximus> actually im starting my wknd a little early here take care all <+ddoonie> have a good weekend 14:57 <+T-stop> cya Max <+KN-SR> :) 14:58 10+ <+T-stop> 27 <+ddoonie> thanks for your insight KN! 14:59 <+palmer> bang 27 <+T-stop> nice <+silo> Exited 1/2 YM Long @ 10560 --> + 85 <+szubaark> :p <+KN-SR> look for 33.75 nxt uw 15:00 12+ <+ddoonie> went through that resistance level a little to easy... 15:01 <+KN-SR> 14+ and 15+ 15:02 * +ddoonie ----[ Shorts ES @ 1125 ]---- 15:06 <+ddoonie> risky short 15:07 <+rickf> yep <+KN-SR> 24 area is a support area - strong support <+T-stop> k 15:08 <+Brutus> volume is low, bulls done? <+rickf> a selloff into the close does not bode well for monday 15:09 <+silo> Exited Remainder YM Long @ 10519 --> + 44 <+KN-SR> dont think bullish is done :) <+Brutus> 10/03/2008 15:02 *DJ Bush Signs Economic Rescue Package Legislation <+KN-SR> ratehr brarish is done, i think <+Brutus> that was fast <+KN-SR> yes he did anyway gtg 15:10 <+T-stop> cya Mon? kn <+KN-SR> :) <+rickf> doug kass thinking a rate cut after the close today <+Brutus> nah 15:30 <+T-stop> have a good one, best to the wifey lol <+KN-SR> eu is thinking of a rate cut <+T-stop> heard that 15:11 <+KN-SR> dollar should get strong......... so is es : :) good luck eveyrone * +ddoonie ----[ Covered 1/2 ES @ 1121.75 ]---- <+Brutus> good news for the room 10/03/2008 15:08 =DJ US House Votes 368-28 For Extension Of Jobless Benefits <+T-stop> what is your stp? 15:12 <+szubaark> lol <+Brutus> lol <+silo> Long YM @ 10508 <+ddoonie> my stop? <+T-stop> no KN <+ddoonie> he's gone <+T-stop> I know np * +ddoonie ----[ ES Stop Moved TO 1126.25 ]---- 15:17 <+silo> Exited all YM Long @ 10494 --> - 14 <+szubaark> Shorts ES @ 1120 «« paper »» 15:18 <+silo> Long YM @ 10503 <+szubaark> ltightening Stop 15:19 <+silo> Exited all YM Long @ 10489 --> - 14 back to back losers :( 15:20 <+szubaark> exit stop set ES @ 1123.25 «« paper »» <+rickf> :( <+szubaark> ltightening Stop 15:21 exit stop moved to breakeven ES @ 1120 «« paper »» Covered all Short ES at 1120 --> 0 «« paper »» 15:22 <+rickf> feels like we're down huge but we're pretty flat 15:23 weird day 15:24 * +ddoonie ----[ Shorts ES @ breakeven ]---- 15:25 <+ddoonie> sorry * +ddoonie ----[ ES Stop Moved TO breakeven ]---- ----[ Covered ES @ 1118.75 ]---- 15:29 <+ddoonie> +7 <+silo> Long YM @ 10481 trying this retracement 15:30 <+sav> Long NQ @ 1499.75 Exited all NQ Long @ 1502.75 --> + 3 15:31 <+silo> Exited all YM Long @ 10500 --> + 19 <+sav> done for the day good bye 15:32 <+szubaark> Buys ES @ 1123.25 «« paper »» 15:33 <+ddoonie> this seems to be the recovery <+silo> Shorts YM @ 10519 <+szubaark> ltightening Stop 15:35 exit stop set ES @ 1120.25 «« paper »» 15:36 Exited all Long ES at 1120.25 --> - 3 «« paper »» Shorts ES @ 1117.25 «« paper »» 15:38 <+ddoonie> no more trades from me for the remainder of the day 15:39 thanks for all your time people <+szubaark> tightening Stop exit stop set ES @ 1119 «« paper »» 15:40 tightening Stop exit stop moved to breakeven ES @ 1117.25 «« paper »» <+silo> Covered 1/2 YM Short @ 10450 --> + 69 15:41 <+szubaark> Covered all Short ES at 1112.25 --> + 5 «« paper »» 15:42 Im done <+T-stop> better hold here <+Brutus> vn szu <+szubaark> thanks.. 15:43 <+silo> Covered Remainder YM Short @ 10402 --> + 117 <+T-stop> wtg <+szubaark> :x <+silo> i'm done too i think 15:45 no breakfast, no lunch is this the life of a trader? :( <+T-stop> haha <+silo> so hungry <+T-stop> y <+silo> didn't wake up in time today haha then just couldn't leave the table haha 15:46 <+Brutus> spx 1100 <+rickf> nice szu 15:55 ok guys out for the day 15:56 have a great weekend see ya on monday <+rogercha> gn all 16:11 * +Tintin : have a nice WE all ... bye 16:22 <werner> gn all 16:25 <@NihabaAshi> Take care all and have a good weekend 16:43 <@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: Sat Oct 04 00:00:00 2008
22:49 Trading Edge: 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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