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#FuturesTrades October 9th 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 09 09:29:31 2008Session Ident: #futurestrades
* Now talking in #futurestrades09:29
<@X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<drt> gm all
<LP> TS still down here09:30
<PapaJon> gm all
<palmer> anyone trade with amp futures
<werner> here also lp09:31
<@NihabaAshi> Good morning all and no big GAP at the open.09:32
<+werner> gm niha
<pat255> gm N
<+T-stop> gm N,room
<+silo>  Shorts YM @ 9412 09:34
<@NihabaAshi>  Long ES @ 1002.25 -> medium size

4 only
<+silo> er2 tanked
<@NihabaAshi>  Exited all ES Long @ 1000.25 --> - 2 09:35

Shorts ES @ 998.75 -> large size 09:37

6 only

position size error
<+silo>  Covered 1/2 YM Short @ 9364 --> + 71
<+T-stop> nice silo
<sav> late post09:38
<+sav>  Shorts NQ @ 1352.5

Covered all NQ Short @ 1349.5 --> + 3
<@NihabaAshi>  Covered all ES Short @ 995.50 --> + 3.25
<rickf> back in a bit09:40
<+silo>  Covered Remainder YM Short @ 9378 --> + 34
<+LP> TS still down :(
<+werner> :(09:41
<+silo>  Long YM @ 9428 -> small size 09:42

Exited all YM Long @ 9466 --> + 38 09:43

10am Wholesale Inventories m/m09:46

Long YM @ 9442 09:48

Exited all YM Long @ 9428 --> - 14 09:49

tried to get into this one too early hehe09:50

Long YM @ 9424
<+palmer> which broker do u guys use for futures and options?
<+werner> obrein09:51
<szubaark>  Buys ES @ 1007 «« paper »» 09:52
<+Maximus> gm all
<+LP> i'm working now werner, u up
<+werner> rjobrien

ow not jet here09:53

gm max
<AustinJM> Long YM @ 9452 / Covered @ 9460
<+AustinJM> Morning Maximus09:54
<@NihabaAshi>  Long ES @ 1005.75 -> medium size
4 only
<+szubaark>  Exited all Long ES at 1005 --> - 2 «« paper »»
<@NihabaAshi>  Exited all ES Long @ 1003.75 --> - 2 09:55
<+szubaark>  Shorts ES @ 1001.50 «« paper »»

tightening Stop09:56

exit stop moved to breakeven ES @ 1001.50 «« paper »»
<+AustinJM> Short YM @ 9400 / Exit @ 9393
<+szubaark> tightening Stop09:58

exit stop set ES @ 1000 «« paper »»
<+werner> szu you use ts also?09:59
<@NihabaAshi>  Shorts ES @ 994.50 -> large size
<+szubaark> ONLY for charting
<@NihabaAshi> 6 only
<+werner> ok tx
<+szubaark>  Covered all Short ES at 995 --> + 6.5 «« paper »»

News in 1 minute10:00
<@NihabaAshi>  Covered 2/3 ES Short @ 991.50 --> + 3 10:01
<+szubaark> Nice Niha.
<+werner> nice boys
<+palmer> anyone else can give me a heads up on a broker10:02
<@NihabaAshi> Still that 2 - 3 point noise level in this volatility :(
Covered ES Short @ 993.50 --> + 1 10:04
:(
<+AustinJM> How could you possibly frown at profit?
<@NihabaAshi> I'll let you think about that.10:05
<+T-stop> lol
<+LP> heheee10:06
<@NihabaAshi> Once you figure out that answer...you'll be way ahead of most.
<+AustinJM> haha i must be pretty behind then!
<+werner> palmer.... http://www.interactivebrokers.com/ibg/ma in.php10:07

yes ...ts ok here
<@NihabaAshi>  Long ES @ 994.75 -> small size 10:09
2 only
trailing stop @ profit
Exited all ES Long @ 997.00 --> + 2.25 10:11
Long ES @ 999.00 -> small size 10:12
1 only
Exited ES Long @ 999.25 --> + 0.25 10:13
Shorts ES @ 996.50 -> small size 10:14
2 only
<+sav>  Shorts NQ @ 1355.00 10:15
<+szubaark>  Shorts ES @ 993 «« paper »»
<+sav>  Covered all NQ Short @ 1357.00 --> - 2 10:16
<@NihabaAshi>  Covered all ES Short @ 995.25 --> + 1.25
<+szubaark>  Covered all Short ES at 996 --> - 3 «« paper »» 10:17
<@NihabaAshi>  Long ES @ 996.50 -> small size 10:18
2 only
Exited ES Long @ 994.50 --> - 2 10:19
<+szubaark> easy to get shaken out in this nasty Volatility10:20
<@NihabaAshi>  Long ES @ 995.75 -> small size
2 only
Exited all ES Long @ 994.50 --> - 1.25 10:22
<+szubaark>  Shorts ES @ 992.25 «« paper »»
<@NihabaAshi>  Shorts ES @ 992.00 -> small size
2 only
* Tintin : hi all10:24
<+szubaark> tightening Stop
exit stop moved to breakeven ES @ 992.25 «« paper »»
tightening Stop10:26
exit stop set ES @ 988 «« paper »»
<@NihabaAshi>  Covered all ES Short @ 986.00 --> + 6 10:27
<+AustinJM> nice
<+szubaark>  Covered all Short ES at 987.25 --> + 5 «« paper »»
<+T-stop> slightly off topic but gm gettin beatin silly, a dow component10:32
<+sav>  Shorts NQ @ 1341.25 10:33

Covered all NQ Short @ 1338.25 --> + 3 10:34
<+AustinJM> Gold is down this morning10:37
was down
Trading just above open now10:38
<+sav>  Shorts NQ @ 1347.5 10:39

Covered 1/2 NQ Short @ 1345.5 --> + 2 10:40

Covered Remainder NQ Short @ 1347.5 --> 0
<+szubaark>  Shorts ES @ 982.50 «« paper »» 10:41
tightening Stop10:42
exit stop moved to breakeven ES @ 982.50 «« paper »»
Covered all Short ES at 979 --> + 3.5 «« paper »» 10:46
<+sav>  Long NQ @ 1342.75 10:48

Exited 1/2 NQ Long @ 1344.75 --> + 2 10:49

Exited Remainder NQ Long @ 1345.75 --> + 3 10:52

Shorts NQ @ 1340.75 10:55

Covered all NQ Short @ 1337.75 --> + 3 10:56
<+szubaark> nice sav10:57
<+sav> thanks10:58
* +Tintin ----[ buys cac40 @ 3484.0 ]----
<+szubaark>  Buys ES @ 978.75 «« paper »» 11:01
* +Tintin ----[ buys es @ 973.00 ]----11:02
<+szubaark> any news??11:06
<+werner> mmm....US STOCKS-Wall St drops as credit worry persists11:09
* codehead_afk is now known as codehead11:10
<+sav> was on the phone missed that short :(
<MK>  Long ES @ 980.25 -> Add «« paper »»
<+MK>  Long ES @ 971 -> Add «« paper »» 11:11
Long ES @ 965.25 -> Add «« paper »»
<+szubaark> that was a quick 15 Point nosedive LOL
<ddoonie> in general do you all use 24h or est trading hours for the ES?11:13
* +Tintin ----[ covers es @ 975.00 +2 ]----11:14
<+pat255> vn tin
<+szubaark>  Exited all Long ES at 976.75 --> - 2 «« paper »» 11:15

that was a sloppy trade. time for a break before more errors occur.
* szubaark is now known as szubaark_away
<+ddoonie> do most of you use 24h for your charts?11:16
<+szubaark_away> no, regular(for gaps). Will look at 24 for possible Overnight Stop running11:17
<+pat255> tin I PM you ...when u ahve a moment ..ty11:19
<ItalianSharp> eminis bounced off those lows aggressively
<+ItalianSharp> we might see a nice reversal11:20

keep an eye on NQ, which is leading this upmove
<@NihabaAshi>  Long ES @ 780.50 -> small size 11:22
2 only
Exited all ES Long @ 978.50 --> + 198 11:23
wrong price entry
actual result - 2 points
Shorts ES @ 976.25 -> small size 11:25
2 only
trailing stop lowered @ profit11:28
Covered all ES Short @ 976.00 --> + 0.25 11:30
<+T-stop> Bush on11:32
<+sav>  Long NQ @ 1351.5 11:36

Exited all NQ Long @ 1348.5 --> - 3 11:37
<+Maximus> I use 24h charts
and will reference a session time chart if needed
<+ddoonie> just curious as our pivots will differ etc...
<@NihabaAshi>  Long ES @ 982.75 -> small size 11:38
1 only
Exited ES Long @ 985.00 --> + 2.25 11:39
<+Maximus> seems like theres alot more volume behind the pushes up11:44

than the fades down
<+sav>  Long NQ @ 1357.5 11:46
Exited 1/2 NQ Long @ 1359.5 --> + 2
exit stop set NQ @ 1361.00 11:48
exit stop raised NQ @ 1361.75 11:49
Exited Remainder NQ Long @ 1361.75 --> + 4.25
<+AustinJM> Possible fed announcement this afternoon?
<+Maximus> wouldnt count on it11:54
<+AustinJM> Just passing on the news
<+sav>  Long NQ @ 1357.00 11:57
Exited all NQ Long @ 1355.00 --> - 2 11:59
<@NihabaAshi>  Shorts ES @ 978.50 -> small size

2 only
<+sav> taking a break
<@NihabaAshi>  Covered all ES Short @ 980.50 --> - 2 12:00

Shorts ES @ 978.75 -> small size 12:01

2 only12:02

Covered all ES Short @ 977.00 --> + 1.75 12:04
<+AustinJM> Lunch!12:15
<oaktree> sell ym 9244 paper12:28
<+oaktree> close ym 9214 paper12:30
<+szubaark_away>  Shorts ES @ 979 «« paper »» 12:32
* szubaark_away is now known as szubaark12:33
<+szubaark>  Covered all Short ES at 982 --> - 3 «« paper »» 12:35

Shorts ES @ 978.50 «« paper »» 12:40

tightening Stop12:44

exit stop moved to breakeven ES @ 978.50 «« paper »»

Covered all Short ES at 978.50 --> 0 «« paper »» 12:45

:((

Shorts ES @ 974.75 «« paper »» 12:47

tightening Stop12:50

exit stop moved to breakeven ES @ 974.75 «« paper »»

Covered all Short ES at 974.75 --> 0 «« paper »» 12:52

:(((

too much shaking out going on12:53
<+Maximus> OPEC likely to cut oil production - News12:55
<+szubaark>  Shorts ES @ 973.25 «« paper »» 12:57
<+sav>  Shorts NQ @ 1342.5 12:58
<+szubaark>  Covered all Short ES at 976 --> - 2.75 «« paper »»
<+sav>  Covered all NQ Short @ 1345.5 --> - 3
<+szubaark>  Shorts ES @ 976.25 «« paper »» 13:04

tightening Stop13:06

exit stop moved to breakeven ES @ 976.25 «« paper »» 13:07

:(13:08

Covered all Short ES at 976.25 --> 0 «« paper »» 13:09
<+rickf> bak13:17
<+szubaark>  Shorts ES @ 979 «« paper »» 13:21
<Bambam-77> rtrc to 77 would be nice
<+szubaark> tightening Stop13:23

exit stop lowered ES @ 979 «« paper »»
<+Bambam-77> next lower trgt is 97313:24
77 must hold us down or we go back up to 81
<+szubaark> tightening Stop13:25

exit stop set ES @ 978.50 «« paper »»
<+Bambam-77> ss 77.5 78.5 stp
<+szubaark> Target 970
<+Bambam-77> trgtg 969 come on13:27
0/8 is 68.75
a hold above 77 will yeild 81 carefull if ss13:28
<+szubaark> geezzzz

Covered all Short ES at 978.50 --> + 0.5 «« paper »»
<+Maximus> Long 975.5
late
<+szubaark> Lunchtime crap
<+Bambam-77> have to be fast they wipping us around today
<+rickf> not trading it ... missed half the day anyway i dont have a 'feel' for things13:29
<+Maximus> Out ES 985.00 + 9.5
<+Bambam-77> pivots real important
<+szubaark> rick u not missing much. Every tick ios earned
<+Bambam-77> spikes usually back fill

81 to 8513:30
<+rickf> not worried - nothing wrong with tapewatching while doing other stuff
<+szubaark> that was a nasty spike13:31
<+Bambam-77> here is our 8513:32
a hold above 85 gives us a pos trgt os 89 area13:33
pos @ b 81 stp 80 area watching mojo13:35
in 80.513:36
t1 away 82
want 8513:37
area
<@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.
<+Bambam-77> flat 84.2513:38
<+Maximus> Short ES 981.5
<+Bambam-77> good play maximus look for pos trgt around 78 area need to hold below 8113:39
<+Maximus> Out ES 976.50 +513:40
<+Bambam-77> trgt hit protect any rem postions
wtg13:41
<+Maximus> thx

working in a new technique here
<+Bambam-77> always learning excellent13:42
ss 80.7513:43
t1 at 77.25
stp 78.513:44
<+AustinJM> +5, was that live eric?
<+Bambam-77> flat runner 78.513:45
<+pat255> nice bam
<+codehead> i think i shoulda bought
oops wrong room ;-)13:46
<+AustinJM> silo you around?
<+Bambam-77> we close above 81 look for 989 otherwise i will ss below 81
<+silo> yeah

sup
<+szubaark> :)13:47
<PeterPanBoy>  Shorts ES @ 976 «« testing »» 13:48
<+szubaark> NQ is chopland
<+PeterPanBoy>  Covered 1/2 ES Short @ 975.25 --> + 0.75 «« testing »» 13:49

Covered Remainder ES Short @ 976 --> 0 «« testing »»
<+silo> anyone know if there was news for that big up spike?
<+Maximus> yes of course
<+PeterPanBoy> sorry good mornig to all13:50
Long ES @ 977 «« testing »»
<+Bambam-77>  Shorts ES @ 77 «« paper »» 13:51
<+PeterPanBoy>  Exited all ES Long @ 976 --> - 1 «« testing »»
<+Bambam-77>  Covered 1/3 ES Short @ 75 --> + 2 «« paper »»

Covered 1/3 ES Short @ 73.5 --> + 3.5 «« paper »» 13:52
<+PeterPanBoy>  Shorts ES @ 974 «« testing »»
<+Bambam-77>  exit stop set ES @ 75 «« paper »» 13:53
<+PeterPanBoy>  Covered 1/2 ES Short @ 973.5 --> + 0.5 «« testing »»
<+Bambam-77>  Covered all ES Short @ 75 --> + 2 «« paper »»
<+PeterPanBoy>  Covered Remainder ES Short @ 975.75 --> - 1.75 «« testing »» 13:54
<+szubaark> nice Bambam
<+Maximus> Short ES 975.00
<+PeterPanBoy>  Long ES @ 975.5 «« testing »» 13:55
<+Maximus> Out ES 977.00 -2
<+PeterPanBoy>  Exited 1/2 ES Long @ 978.25 --> + 2.75 «« testing »»
<+Bambam-77> below 73 look for pos trgt around 69 area key is we must hold below 73 for trade to work
<+Maximus> Short ES 979.0013:56
<+PeterPanBoy>  Exited Remainder ES Long @ 978 --> + 2.5 «« testing »» 13:57
<+Bambam-77> i want to ss pos around 81 lvl looks like nice measure projection
<+Maximus> Out ES 978.00 +1
<+Bambam-77> area
<@NihabaAshi>  Long ES @ 977.50 -> small size
3 only13:58
<+PeterPanBoy>  Shorts ES @ 976.75 «« testing »»

Covered 1/2 ES Short @ 976.75 --> 0 «« testing »» 13:59
<+Bambam-77> below 77 hold look for pos trgt around 73.5 area above 77 we should get to 980 area
<@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   

 
<+PeterPanBoy>  Covered Remainder ES Short @ 978 --> - 1.25 «« testing »»
<+Maximus> long ES 977.5014:00
<+PeterPanBoy>  Long ES @ 979.75 «« testing »»
<+Maximus> Out ES 979.00 +2
<+Bambam-77> come on 80 area14:01
<+PeterPanBoy>  Exited 1/2 ES Long @ 980.25 --> + 0.5 «« testing »»
<@NihabaAshi>  Exited all ES Long @ 980.25 --> + 2.75
<+PeterPanBoy>  Exited Remainder ES Long @ 980.25 --> + 0.5 «« testing »» 14:02
<+Bambam-77> wtg
<+PeterPanBoy> nice nihaba
go lunch see ya later14:03
<+Bambam-77> looking to ss 81 area 82 stp
<+Maximus> Short ES 978.00
<+Bambam-77> momo still up guaging move14:04

b 77.25

stp 76.25

flat

will try again above 7714:05
<+AustinJM> Nice call Maximus
<+Maximus> Out ES 976.00 +2
<+Bambam-77> ss 76.5 stp 77.514:06
t1 away 75.5
t2 is 74.5 i want 73 area trgt14:08
stp 76
flat 7614:09
b 77
75.5 stp14:10
t1 78.5
chop chop action again flat14:11
-1 last
73 area now14:12
<+T-stop> mky still pretty heavy

impt area here14:13
<+Bambam-77> below 73 i want 67 area
<+T-stop> feels like we shakin a coke bottle, gonna get a move here soon, imo14:17
* +Tintin : back14:18
<+AustinJM> ya

its trading in a sideways channel
<+szubaark>  Shorts ES @ 971.50 «« paper »»
<+AustinJM> seeing as how were near daily low

i wouldn't be surprised if it was upward

considering its been downward pressure all day

and around 3 it will probably turn around14:19
<+szubaark> tightening Stop
exit stop moved to breakeven ES @ 971.50 «« paper »»
<+oaktree> buy YM 9116 paper
<+AustinJM> Long ES @ 971.75
<@NihabaAshi>  Shorts ES @ 969.25 -> small size 14:20
<+T-stop> feels like it wants higher, but longer term charts pretty nasty
<+AustinJM> Exist ES @ 970.75
<@NihabaAshi> 3 only
<+szubaark> low of day test target
<+T-stop> y, likely14:21
imo
<+oaktree> out yam 9105 paper
<+AustinJM> well im not about to widen my stop out for that kind of a wait haha
not on the ES anyways
<+szubaark> Volatility increasing14:22
<+T-stop> wait for your pitch
<+szubaark> tightening Stop14:23
<@NihabaAshi>  Covered all ES Short @ 968.75 --> + 0.5
<+szubaark>  exit stop set ES @ 970 «« paper »»
<+Bambam-77> pos trgt is 64 area
<+szubaark>  Covered all Short ES at 970 --> + 1.5 «« paper »» 14:24
<+oaktree> buy ym 9130 paper
<+szubaark> :(
<+T-stop> perfect fake out area14:25
<@NihabaAshi>  Long ES @ 970.75 -> small size 14:26

3 only
<+T-stop> 68 area sm, sm sup
<pdays>  Long ES @ 970.5 «« paper »» 14:27
<+T-stop> good time of day to turn if we're gonna14:28
nice Niha
<+Bambam-77> one more down posible

73 will be key14:29
<+oaktree> out ym 9148 ppaer
<+T-stop> agree Bam
<@NihabaAshi>  Exited all ES Long @ 970.75 --> 0
<+T-stop> such a touchy mkt

sheesh

that was a sweet entry, Niha14:30

that 73 a ceiling so far14:31
<+pdays>  Long ES @ 969.0 -> Add «« paper »»
<+Bambam-77> projecting 64 area the saying is if we do not perform we should start heading back up
<+pdays>  Exited 2/3 ES Long @ 972.5 --> + 3.5 «« paper »»
<+szubaark>  Shorts ES @ 969.25 «« paper »» 14:33
<@NihabaAshi>  Shorts ES @ 969.25 -> small size
3 only
<+pdays>  Long ES @ 968.25 -> small size «« paper »» 14:34
<+Bambam-77> 69 for 65.5
<+pdays>  Long ES @ 968.25 -> Add «« paper »»
<+szubaark> tightening Stop
exit stop moved to breakeven ES @ 969.25 «« paper »»
<+Bambam-77> murray math trgt 64.7514:35
<+AustinJM> murray math haha
i've used that one before
<+szubaark> whos Murray? LOL14:36
<+AustinJM> guy that wrote the indicator?
<+Bambam-77> no secret

common knowledge and it works
<+szubaark>  Covered all Short ES at 969.25 --> 0 «« paper »»
:((
<+Bambam-77> kiss rule14:37
<+szubaark> jumpy market
Shorts ES @ 966.50 «« paper »» 14:38
<+pdays>  Exited all ES Long @ 966.0 --> - 4.5 14:39
<+rickf> nice entry
<@NihabaAshi> trailing stop @ profit

Covered all ES Short @ 967.25 --> + 2 14:40
<+ItalianSharp> volatility has been contracting around the lows...
<+szubaark> geezzzz
<+ItalianSharp> we either get a big rebound...or a big drop
<+szubaark>  Covered all Short ES at 968.25 --> - 1.75 «« paper »»
<+rickf> :(
<+ItalianSharp> something is going to pop soon
<+rickf> lower lows
<+szubaark> impossible to stay in these trades as they keep shakin u out
<+Bambam-77> b69.514:41
t1 71.5
970 stp
<+rickf> plus isnt it yom kippur? es volume looks light on the day14:42
<+szubaark> Volatility spike Flush
<+rickf> 2.6m contracts
<+T-stop> may go, need that 73-74 to go
<@NihabaAshi>  Shorts ES @ 970.50 -> small size 14:44

2 only
<+Bambam-77> 69 is sup area
need to get below
<+szubaark>  Shorts ES @ 968.25 «« paper »»
<@NihabaAshi> trailing stop @ profit14:45
<+AustinJM> its pretty much dojis at this price level on the 15m14:46
<+szubaark> i dont have much wiggle room on this due to my entry :(
tightening Stop14:47
exit stop moved to breakeven ES @ 968.25 «« paper »»
<+T-stop> Niha very nice wk, as usual
<@NihabaAshi>  Covered all ES Short @ 965.75 --> + 4.75 14:48
<+szubaark> :(14:49

Covered all Short ES at 967 --> + 1.25 «« paper »»
<@NihabaAshi> More stress trading this week due to the jumpy prices which resulted in more stop outs
<+szubaark> yes, frustrating
<+PeterPanBoy>  Long ES @ 966.5 «« testing »»
Exited all ES Long @ 966.5 --> 0 «« testing »» 14:50
<+Bambam-77> we are going pos sub 63 soon 65 key14:51

above bulls in charge below bears
<+PeterPanBoy>  Shorts ES @ 966.5 «« testing »» 14:52
<+Bambam-77> wtg
<+rickf> partly why i didn't rush to start trading this morning
still beat from yesterday and needed the break
.
<+PeterPanBoy>  Covered 1/2 ES Short @ 962.5 --> + 4 «« testing »»

Covered Remainder ES Short @ 964 --> + 2.5 «« testing »» 14:53

Long ES @ 964 «« testing »»
<+Bambam-77> 65 key
<+PeterPanBoy>  Exited 1/2 ES Long @ 964.75 --> + 0.75 «« testing »»

very crazy fast market14:54

Exited Remainder ES Long @ 964.25 --> + 0.25 «« testing »»
<+Bambam-77> 65.5 stp
<+PeterPanBoy>  Shorts ES @ 963.25 «« testing »»

Covered 1/2 ES Short @ 962.25 --> + 1 «« testing »» 14:55

Covered Remainder ES Short @ 962.5 --> + 0.75 «« testing »»
<+Bambam-77> protect positions
<+PeterPanBoy>  Long ES @ 964 «« testing »»

Exited 1/2 ES Long @ 966 --> + 2 «« testing »»
<+Bambam-77> lod could pos be in
watching 6514:56
<+PeterPanBoy>  Exited Remainder ES Long @ 965 --> + 1 «« testing »»
<+Bambam-77> b 64.5 1pt stp
<+PeterPanBoy>  Long ES @ 967.25 «« testing »» 14:57
<+Bambam-77> i want 72 area
<+PeterPanBoy>  Exited 1/2 ES Long @ 967.5 --> + 0.25 «« testing »»

Exited Remainder ES Long @ 965 --> - 2.25 «« testing »» 14:58
<+Bambam-77> 65 holding so far barely 63.5 stp
<+PeterPanBoy>  Shorts ES @ 964.5 «« testing »»

Covered 1/2 ES Short @ 964 --> + 0.5 «« testing »» 14:59
<+T-stop> man look at the wicks on these candles, holiday vol not helping15:00
<+PeterPanBoy> break low of day

Covered Remainder ES Short @ 960 --> + 4.5 «« testing »»

let see if suppord hold15:01

if not go down!

Shorts ES @ 957.25 «« testing »»

Covered 1/2 ES Short @ 956.25 --> + 1 «« testing »» 15:02

down to hell!!
<+ItalianSharp> YM 8K
wow...never seen 8K live
pretty stunning
<+PeterPanBoy>  Covered Remainder ES Short @ 954.25 --> + 3 «« testing »» 15:03

yep
<+ItalianSharp> my guess is we'll see 7K before we hit a bottom
<+PeterPanBoy> maybe italian
<+T-stop> na
imo
<+PeterPanBoy>  Shorts ES @ 951.25 «« testing »» 15:04
<+T-stop> maybe but we should get a meaniful bounce before that
<+PeterPanBoy>  Covered 1/2 ES Short @ 950.25 --> + 1 «« testing »» 15:05

Covered Remainder ES Short @ 951.5 --> - 0.25 «« testing »»

Long ES @ 953 «« testing »» 15:06

Exited 1/2 ES Long @ 955 --> + 2 «« testing »»

trial 954
<+Maximus> Long ES 955.0015:07
<+PeterPanBoy>  Exited Remainder ES Long @ 956 --> + 3 «« testing »»
<+Maximus> Out ES 956.00 +115:08
<+PeterPanBoy>  Long ES @ 956.5 «« testing »»

Exited 1/2 ES Long @ 957.5 --> + 1 «« testing »» 15:09

Exited Remainder ES Long @ 955.75 --> - 0.75 «« testing »» 15:10

Shorts ES @ 954.75 «« testing »»

Covered 1/2 ES Short @ 953.75 --> + 1 «« testing »» 15:11
<+rickf> doooown
<+AustinJM> Lots of bids around here15:12
<+PeterPanBoy>  Covered Remainder ES Short @ 946.75 --> + 8 «« testing »» 15:14
<+oaktree> buy ym 8944 paper
<+PeterPanBoy>  Shorts ES @ 946 «« testing »» 15:15
<+Maximus> ym s1
<+PeterPanBoy>  Covered 1/2 ES Short @ 945.5 --> + 0.5 «« testing »»
Covered Remainder ES Short @ 946.5 --> - 0.5 «« testing »»
Long ES @ 946.5 «« testing »»
Exited 1/2 ES Long @ 947 --> + 0.5 «« testing »» 15:16
<+oaktree> close ym 8955 paper15:17
<+PeterPanBoy>  Exited Remainder ES Long @ 949 --> + 2.5 «« testing »»
<+AustinJM> this markets become just about impossible to trade in this time of day
<+PeterPanBoy>  Shorts ES @ 948.5 «« testing »»
Covered 1/2 ES Short @ 947 --> + 1.5 «« testing »» 15:18
<+rickf> like last summer .... after 3pm whatever the trend, short/buy and let the trend take you :)

you could set your watch by it last summer
<+AustinJM> well, i can tell you which way this market is going, really up and really down, allw ithin 5 seconds
its a widow maker
haha
<+PeterPanBoy> yeah very fast15:19

only for scalper
<+rickf> god i keep eyeballing berkshire-b shares .... so tempting to start nibbling
<+PeterPanBoy> with fast and good platform
<+Maximus> hmm15:20
wonder what tomorrow will be like
or the close for that matter
<+rickf> ge earnings tomorrow
<+PeterPanBoy>  Covered Remainder ES Short @ 943 --> + 5.5 «« testing »»
Shorts ES @ 942.25 «« testing »» 15:21
Covered 1/2 ES Short @ 940.25 --> + 2 «« testing »»
any news about monday market close??
<+rickf> ?
<+PeterPanBoy>  Covered Remainder ES Short @ 942.5 --> - 0.25 «« testing »» 15:22
Long ES @ 942.75 «« testing »»
Exited 1/2 ES Long @ 945.5 --> + 2.75 «« testing »»
sorry market so fast
I cant trade and posting here15:23
some delay arise
maybe go 949
Exited Remainder ES Long @ 947 --> + 4.25 «« testing »» 15:24
rickf for monday close later..
Shorts ES @ 945 «« testing »» 15:26
Covered 1/2 ES Short @ 944 --> + 1 «« testing »»
Covered Remainder ES Short @ 944.25 --> + 0.75 «« testing »» 15:27
Long ES @ 944.75 «« testing »»
Exited 1/2 ES Long @ 945.5 --> + 0.75 «« testing »» 15:28
<@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   

 
<+AustinJM> Long Gold @ 894.6 Exit at 900.8
<+PeterPanBoy>  Exited Remainder ES Long @ 943.5 --> - 1.25 «« testing »»
Shorts ES @ 942.5 «« testing »»
Covered all ES Short @ 943.5 --> - 1 «« testing »» 15:29
Shorts ES @ 942 «« testing »» 15:30
Covered 1/2 ES Short @ 940.5 --> + 1.5 «« testing »»
Covered Remainder ES Short @ 941.25 --> + 0.75 «« testing »»
Long ES @ 942.5 «« testing »» 15:31
Exited all ES Long @ 941 --> - 1.5 «« testing »»
Long ES @ 942.25 «« testing »»
Exited 1/2 ES Long @ 944 --> + 1.75 «« testing »» 15:32
Exited Remainder ES Long @ 942.5 --> + 0.25 «« testing »»
Shorts ES @ 941.5 «« testing »»
Covered 1/2 ES Short @ 940.75 --> + 0.75 «« testing »» 15:33
Covered Remainder ES Short @ 941.5 --> 0 «« testing »» 15:34
Shorts ES @ 940.5 «« testing »»
Covered 1/2 ES Short @ 938.5 --> + 2 «« testing »» 15:35
Covered Remainder ES Short @ 939 --> + 1.5 «« testing »»
<+Bambam-77> ss 39 for 3515:36
<+PeterPanBoy> oh I am very tired stop trading otherwise my eyes not thnks me
* +Tintin ----[ shorts es @ 938.50 ]----
<+PeterPanBoy> sorry rickf and others before I mean some rumors in trading room NY
say problems arise and market can be close for some days15:37
I konw maybe is only bullshit but...
* +Tintin ----[ covers es @ 935.50 +3 ]----
<+PeterPanBoy> meanwhile is falling without brakes.....15:38
70 point from max... is insane!!
<+werner> wosa15:39
<+Bambam-77> 931 next pos trgt but who really know this is crazy15:40
<+PeterPanBoy> bear rules!!

this not look good realy
<+szubaark> just think all the newbies buying every dip on Divergence
<@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.15:41
<+PeterPanBoy> slaughter
<+Bambam-77> lol you know you prob right
<+PeterPanBoy> like animals
<+ddoonie> this is ridiculous
<+PeterPanBoy> everyone is selling no mercy
<+Maximus> capitulating
<+szubaark> its good to have some experience knowing NOT TO TOUCH this right now
<+ddoonie> was shorting restricions lifted today?
<+Maximus> to no end
yes
<+szubaark> yeah BUT who is that everyone selling? its the big boys15:42
<+PeterPanBoy> my only comlain is market falling down withoutme
<+ddoonie> well no more restrictions
<+szubaark> retail stock swing traders are getting Cleaned out
<+ddoonie> force it down
<+PeterPanBoy> easy monry on table
<+ddoonie> and buy it ALL back at a discount
<+AustinJM> im long gold right now15:43
Everyone panic quickly, go to 1000!
<+PeterPanBoy> BUT what scare is CME can be halted and not easy go out from position

thats is the problem trading futures
<+szubaark> 3:30 anything is possible now15:44
<+Bambam-77> rug pull
<+ddoonie> talk about a slap in the face, regarding rate cuts/bail out
<+AustinJM> its the freakin short sell ban being lifted15:45
<+PeterPanBoy> heavy volume last trades
<+AustinJM> this is pathetic
* intowin_away is now known as intowin
<+AustinJM> The next president needs public hangings

To send a message
<+PeterPanBoy> 920 ES is a support15:46
<+szubaark> is the short sell ban lifted today?
<intowin> once in a lifetime event going on here
<+ddoonie> yeah i think so from what i asked
<+AustinJM> that's what was said yesterday
once in a lifetime
<+PeterPanBoy>  Shorts ES @ 919 «« testing »»
<+AustinJM> how about twice in two days? :)
<+werner> indd intowin
<+AustinJM> Gold is sky rocketing
im up almost 600 on gold15:47
<+PeterPanBoy>  Covered 1/2 ES Short @ 915 --> + 4 «« testing »»
<+ddoonie> aside from trading, our economies are prett much in a wreck
we needed to see some green days
<+AustinJM> might as well just short ES at market haha
<+PeterPanBoy>  Covered Remainder ES Short @ 916.25 --> + 2.75 «« testing »» 15:48
Long ES @ 916.25 «« testing »»
Exited all ES Long @ 916.25 --> 0 «« testing »» 15:49
Shorts ES @ 914 «« testing »»
<+ddoonie> it may even be a 100 point day
<+PeterPanBoy>  Covered 1/2 ES Short @ 913.25 --> + 0.75 «« testing »»
<+AustinJM> this isn't good
<+Maximus> vix ~65
wow..15:50
<+oaktree> buy ym 8625 ppaer
<+PeterPanBoy>  Covered Remainder ES Short @ 913.75 --> + 0.25 «« testing »»
<+szubaark> i havent seen this before even during the Internet Bubble
<+ddoonie> neither did i
<+szubaark> problem is these Red Candles are getting Larger and larger
<+PeterPanBoy>  Long ES @ 915 «« testing »»
yeah never seen that
<+AustinJM> Going to be A LOT of angry people today

especially getting home from work to find that their 401ks, well now they actually owe people money15:51
<+szubaark> margins have to HUGE right now
<+Maximus> alot of 401k's, ira wiped clean
<+PeterPanBoy>  Exited 1/2 ES Long @ 917 --> + 2 «« testing »»
<+ddoonie> i wouldnt doubt jumpers either
<+rickf> fdny prolly on standby
<+ddoonie> as in the bubble collapse days
<+Maximus> for sure
<+rickf> this is horrible
<+PeterPanBoy>  Exited Remainder ES Long @ 917.75 --> + 2.75 «« testing »»
<+ddoonie> it just states there is nothing the fed can do
<+szubaark> was there ever -100 DAY on ES before?
<+PeterPanBoy>  Shorts ES @ 915 «« testing »»
<+ddoonie> not that i can ever recall15:52
<+Maximus> hedge fund blowups
<+rickf> down 777 day last monday we were down 106 intraday
<+PeterPanBoy>  Covered 1/2 ES Short @ 914.25 --> + 0.75 «« testing »»
<+oaktree> close ym 8670 paper
<+PeterPanBoy>  Covered ES Short @ 915 --> 0 «« testing »»

Reverse and Enter Long ES @ 915 «« testing »»

Exited 1/2 ES Long @ 915.5 --> + 0.5 «« testing »»
<+AustinJM> People are pulling money out of this market like crazy
<+PeterPanBoy>  Exited Remainder ES Long @ 916 --> + 1 «« testing »» 15:53
<+oaktree> buy ym 8674 paper
<+Maximus> well this sure is history
<+PeterPanBoy> Ok for me today is enought
<+AustinJM> Today is a sad day for America
<+oaktree> close ym 8671 paper
<+ddoonie> canada as well15:54
<+Maximus> perhaps a pathetic push up at the close
<+PeterPanBoy> Tommorow is very import day is audition for lehman bond
<+Maximus> yes
<+PeterPanBoy> aig or others have to pay cds
<+AustinJM> Well, those guys on wall st should be happy. A little bit of cake to go along with that bailout15:55
They just shorted the hell out of the dow
<+PeterPanBoy> by the way big ebound just now
<+Maximus> not huge
short covering into the close...
<+PeterPanBoy> yep

100 points swing today15:56
<+ddoonie> maybe one big spike up to 985, giving us a positive day?
:)
<+AustinJM> Maximus what were you saying about 150k volatility 2 days ago?
<+Maximus> who knows
ya haha
<+AustinJM> were almost double that
<+PeterPanBoy> we can tell are friends and children I was there that day :)
<+Maximus> yup
<+AustinJM> i just went long at market ES
long at 929.7515:57
<+Maximus> Short ES 927.50

there they are cheerleading on cnbc15:58

ra ra
<@NihabaAshi>  Shorts ES @ 927.75 -> small size
2 only
<+AustinJM> haha15:59

she was talking about 500mph
<@NihabaAshi>  Covered all ES Short @ 921.50 --> + 6.25
<+T-stop> lol16:00
<+ddoonie> damn niha:)
<+Maximus> Out ES 920.50 +7
<+AustinJM> haha, i can't believe she asked that just barely
<+AustinJM> "Do you know where your money is?"
<+ddoonie> shouldn't we have hit a circuit breaker?16:01
<+Maximus> nope16:02
<+rickf> First Bank of Sealy and Tempurpedic Federal Credit Union :)
<+Maximus> lol16:03
<+ddoonie> i thought it was a 2.5% move

invokes a circuit breaker
<+AustinJM> depends on the time of day
<+Maximus> see you all later
<+rickf> cya16:04
i'm outta here as well. see you tomorrow!
<+AustinJM> There are a lot of Financial Advisers that won't be getting much sleep tonight16:05
<@NihabaAshi> Scary part if that this market hasn't put the FEAR in traders just yet.16:06
Thus, I'm expecting this thing to go much lower before the U.S. presidential elections
<+AustinJM> How did you fair overall today Nihaba?16:07
<@NihabaAshi> Just haven't had the PANICK climax feeling just yet.
Austin...I reached my goals today.
<+AustinJM> excellent
<+PeterPanBoy> nice nihaba
tommorow I try go live again
<+AustinJM> I only had 2 trades this morning, bearish engulfing scalps
<+PeterPanBoy> hope platform performing well16:08
because market is very fast
<+szubaark> [09:50] <silo> Long YM @ 942416:09

did u ever EXIT this trade?
<+AustinJM> Just remember, Bush is working with world leaders to get the "Bestest common policy"16:10
<+T-stop> wow futs still dumping16:13
<+werner> Dutch government launches euro20-billion fund to support financial institutions [AP]16:25
gn all16:27
<+PeterPanBoy> gn all16:34
* +Tintin : bye all16:48
<@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.17:44
  
Trading Edge: 

Strategies

If your an independent trader looking for an edge to help you traverse around obstacles to profitable trading...a method that's well defined, gives you a better understanding of the markets, applicable for day trading, position trading, swing trading, market seasonal tendencies, position size management, intermarket analysis with a money back guaranteed policy...click here.  

 Trading Strategies ->   Strategies used by NihabaAshi, from entry to exit, exploit inefficiencies in the price action for profits of the following trading instruments via WRB Analysis and Intermarket Analysis: Emini Index Futures (EMD, ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Index Derivatives (DAX, ESTX50), Euronext Index Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Energy Futures (CL, NG, HO, QM), COMEX Metals Futures (GC), Forex Currencies (EurUsd, EurYen, UsdCdn), Exchange Traded Funds (DIA, GLD, OIH, IWM, QQQQ, SPY, XLE) and Hang Seng Index Futures (HSI)   

   

 

Current Performance Record of M.A. Perry

  

click on image to view actual size

 

Today

Month

Year

Emini ES points

+66.25

+605.00

+1543.75

 U.S. Dollars

$3,312.50

$30,250.00

$77,187.50

 

 

 

 

Emini ER2 points

+0.00

+0.00

+2484.70

 U.S. Dollars

$0

$0

$248,470.00

 

We are proud to say that our chat room members are from the following geographical areas in the world:

Argentina, Australia, Belgium, Brazil, Canada, Denmark, France, Germany, Greece, Hong Kong (China), Italy, Japan, Mexico, Portugal, Puerto Rico (U.S.), Saudi Arabia, Singapore, Spain, United States and Venezuela.

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

CME Emini Futures EMD, ES and NQ   

ICE Emini ER2    

CBOT mini-sized Dow Futures YM

Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50

Eurex Fixed Income Derivatives BUND, BOBL and Schatz

Euronext Futures FTSE-100 and CAC-40

CME Futures EuroFX EC

Treasury Futures T-Notes ZN, ZF and T-Bonds ZB

Forex Currencies EurUsd, EurYen and UsdCdn

Exchange Traded Funds DIA, IWM, QQQQ, SPY, OIH, XLE and GLD  

NYMEX Energies Light Crude Oil CL, e-miNY QM and Natural Gas NG

COMEX Metals Gold GC and ZG

Hang Seng Index Futures HSI

Last of all, if you have any questions about any of the above commentary, specific trades et cetera...

Don't hesitate to ask your questions and we'll reply back as soon as possible.

Sincerely,

M.A. Perry and Associates

TheStrategyLab.com

 questions@thestrategylab.com

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