#FuturesTrades October 10th 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.

  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: Fri Oct 10 08:49:25 2008Session Ident: #futurestrades
* Now	talking in #futurestrades	08:49
<@X>	[NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<@NihabaAshi>	Good morning everybody	08:54
<+T-stop>	gm
<werner>	gm niha
<@NihabaAshi>	Here's a good read that should make today's trading session very interesting @ http://www.bloomberg.com/apps/news?pid=n ewsarchive&sid=aX_FLjiKfbic
<rickf>	gm	08:55
<+rickf>	well rather "m" -- not sure about the "g" part :)
<@NihabaAshi>	That auction described in the Bloomberg article is to be held TODAY !!!	08:57
<+rickf>	yeah
	geez you can't even find puts on a bunch of stocks because there are no strikes listed on them yet since they've fallen so far	09:02
<Nesi>	oil under 80	09:07
<+Nesi>	like it cares :)
<JimL>	r u here?	09:12
<@NihabaAshi>	Shorts ES @ 868.25 -> small size	09:13
	3 only
<+JimL>	wrong window, sorry TSL Team!
<@NihabaAshi>	trailing stop @ profit	09:14
<+Maximus>	gm	09:17
<+rickf>	m
<@NihabaAshi>	Covered all ES Short @ 867.75 --> + 0.5
<ItalianSharp>	morning all	09:21
<TraderG>	gm
<+ItalianSharp>	armageddon in the making today?
<+rickf>	maybe
	keep hearing/reading folks saying they're gonna shut the exchnges
<+Maximus>	well i suppose they can start referring to this as a crash	09:22
<@NihabaAshi>	I prefer for them to do it 2 weeks before Christmas to make it a very long holiday :)
<+rickf>	lol
<@NihabaAshi>	Shorts ES @ 870.25 -> small size	09:24
	3 only
	2 point stop as usual for this unusual price action we've seen all this week	09:25
<drt>	gm everyone	09:26
<+Maximus>	calling the bottom on bubblevision..lol	09:27
<@NihabaAshi>	Covered all ES Short @ 872.25 --> - 2
<sav>	i think we going to see a crazy open again	09:29
<+Maximus>	1 min
<+ItalianSharp>	DAX only down 9%
<+rickf>	yeesh
<+ItalianSharp>	so much about financial meltdown
* +rickf	heard on radio "dow down 1.5 percent" and i thought no big deal .... then i remembered the lower we go the more that percentage is :(	09:30
<+Maximus>	big spike	09:31
<+sav>	yep crazy :)
<+ItalianSharp>	FOMC at its best
<+rickf>	i dunno - got a bad feelign 'bout trading today... methinks it makes Wed look like trading 101
<+ItalianSharp>	i wouldn't use a market order in YM even if i got paid for it
<+Maximus>	lol	09:32
	20 pts slip
<+ItalianSharp>	over 100pt range within the first minute of trading
<+rickf>	VIX 66.65
<@NihabaAshi>	Shorts ES @ 871.00 -> medium size	09:33
	5 only
<+T-stop>	unreal
<+ItalianSharp>	this is getting ridiculous	09:34
	my guess is: if we have a big down day today, the G7 meeting will shut down markets for all next week
<+T-stop>	my computers hav'nt worked this hard in a long time
<+Maximus>	Short 869.25 out 867.25 +2
	too fast to type
<+ItalianSharp>	there is no fundamental that can possibly justify this carnage
	this is absolute panic and irrational selling
<+Maximus>	just panic/capitulation
<pdays>	FEAR
<+Maximus>	get me out NOW	09:35
<+rickf>	retail folks will dive in
<@NihabaAshi>	Covered ES Short @ 860.50 --> + 10.5
<+Maximus>	very nice Niha stayin
<@NihabaAshi>	Holding 2 contract remainders
<+sav>	late post because i was too scared to look away from my position
<+T-stop>	we may get that turn today, you never know
<+sav>	Shorts NQ @ 1234.00
<+T-stop>	in anticapation of g7
<+Maximus>	nobody knows anything for sure
<+sav>	Covered all NQ Short @ 1230.25 --> + 3.75
<+ItalianSharp>	vix over 68
<+pdays>	bottom has to be somewhere	09:36
<+Maximus>	short es 855
	out 853 +2
<+ItalianSharp>	pdays, ES will find a bottom within the next 850pts
	:)
<+T-stop>	Italian 7k's not far now
<+ItalianSharp>	yes
<+T-stop>	good call
<silo>	i'm sure there are people that held since yesterday thinking that market will bounce back a little today hehe
<+ItalianSharp>	thanks
<+Maximus>	man look at this	09:37
<+pdays>	good thinking :}}
<@NihabaAshi>	Covered ES Short @ 840.00 --> + 31
	Holding 1 contract remainder
<+sav>	should have held that
<@NihabaAshi>	WOW
<+T-stop>	vn
<+Maximus>	whoa my DJI says down 1359
<szubaark>	gezzz Niha
<+Maximus>	theres no way.. must be wrong
	killed it Nihaba
<+T-stop>	dow -689
<@NihabaAshi>	That's the fastest +30 points I've ever made
<+Maximus>	:)	09:38
<nqcruiser>	Niha gr8 trade buddy
<+Maximus>	If I would have stayed in
	i had entries to the top of each bar (3 min)
<+sav>	the nq is going nuts
<@NihabaAshi>	Covered Remainder ES Short @ 855.00 --> + 16	09:39
<+T-stop>	y
<+ItalianSharp>	holy cow
<+T-stop>	q's back to open
<+Maximus>	short ES 855.75
<+szubaark>	Nq retraced that whole drop LOL
<+silo>	ts freezed
<+Maximus>	out ES 857.75 -2
<@NihabaAshi>	Great counter-thrust so far	09:40
<+ItalianSharp>	wow
<+Maximus>	NT froze up
<+ItalianSharp>	this is sick
<+silo>	shjarp your ts working now?
<+ItalianSharp>	yes
<+silo>	damn
<+ItalianSharp>	suprised about that as i had problems in the past with much less volatile days
<@NihabaAshi>	VIX hit +70
<+T-stop>	they may build on this
<+ItalianSharp>	wow
	i dont wanna call a bottom...	09:41
	but if this isnt one, i dont what it is
<+silo>	freaking a
<+sav>	Long NQ @ 1251.25
<+silo>	can't trade 'cuz ts frozed
<@NihabaAshi>	ES +30 down and then +35 back up...
<+sav>	Exited all NQ Long @ 1254.25 --> + 3
<@NihabaAshi>	Crazy
<PapaJon>	jeeze.. my charts are froze
<+PapaJon>	my ib/ninja charts are fine tho
	on my laptop	09:42
<@NihabaAshi>	[08:54] <@NihabaAshi> Here's a good read that should make today's trading session very interesting @ http://www.bloomberg.com/apps/news?pid=n ewsarchive&sid=aX_FLjiKfbic
<+sav>	ive got that scared feeling again :(
<+PapaJon>	i think it is time for a new puter for my main charts
<@NihabaAshi>	[08:57] <@NihabaAshi> That auction described in the Bloomberg article is to be held TODAY !!!
<+Maximus>	short ES 873.25 Out ES 872.25 +1
<+ItalianSharp>	late shorts are getting anal raped right now	09:44
<+silo>	man iwas gonna to buy that bottom :(
	freaking ts frozed
	was gonna try with 1 contract
<+T-stop>	man that was to quick
<+PapaJon>	yah. .me too silo.. but my charts are froze and burp a little
<+T-stop>	if that's the bot
<+silo>	peopel hoping for a capitulation today
<+szubaark>	hmm...OK
<+PapaJon>	am still about 8 minutes behind	09:45
	rediculous
<+silo>	mine is working now
<+Maximus>	long ES 897 out 898 +1
<+silo>	i think i just have too many indicators and charts
	so when price goes too fast they can't calculate in time
<+PapaJon>	right
<+silo>	Shorts YM @ 8426	09:46
<+ItalianSharp>	silo, indicators are bad for fast trading environments
<+silo>	intuition short term top
	1 contract
<+T-stop>	q's going for green
	nice silo	09:47
<+Maximus>	short 886.00 ES	09:48
	out es 887 -1	09:49
<@NihabaAshi>	sneaky price action
<+Maximus>	very
<+silo>	Covered all YM Short @ 8426 --> 0
	breakeven stop hit
	:)
	man had 100 pts too	09:50
	hehe
	got a little greedy
<+szubaark>	heheh
<@NihabaAshi>	wow...price action is turbo fast
<+ItalianSharp>	100pts is nothign in this environment
<+PapaJon>	yep.. another jack russell terrier day
<+silo>	yeah which is why i wanted more haha
<+szubaark>	Shorts ES @ 881.25 «« paper »»
	Covered all Short ES at 879.75 --> + 1.5 «« paper »»	09:51
<+PapaJon>	I think little jack got into the catnip
<+szubaark>	too frikin fast
<+Maximus>	Out ES 875.75 +5
	so fast.. lol.. in short es @ 880.75
<@NihabaAshi>	Shorts ES @ 882.25 -> small size	09:52
	3 only
<+Maximus>	long ES 882
	out 885 +3
<@NihabaAshi>	geesh :(
	Covered all ES Short @ 884.25 --> - 2
<+silo>	Shorts YM @ 8372	09:53
	1 contract only
	dax finally stop running up
<@NihabaAshi>	Shorts ES @ 882.50 -> medium size
	4 only
<+Maximus>	Long ES 886	09:54
<@NihabaAshi>	Covered all ES Short @ 884.50 --> - 2
<+Maximus>	Out 886.50 +2
	.50**
<+silo>	Covered all YM Short @ 8405 --> - 33
	1 contract only
<@NihabaAshi>	Same 2 - 3 point noise
<+silo>	wow dax continued to go up now
<+szubaark>	Buys ES @ 891.75 «« paper »»
	Exited all Long ES at 891.75 --> 0 «« paper »»	09:55
	frik9n nuts
	thing moves in 10pts up and down like its nothing
<+Maximus>	long 884.75	09:56
	out ees 887.75 +3
<@NihabaAshi>	Long ES @ 887.25 -> medium size
	4 only
<+szubaark>	:(	09:57
	10pt Noise area LOL
<@NihabaAshi>	Exited all ES Long @ 888.00 --> + 0.75
<+rickf>	bush in 2 min
	oops sorry 1025 according to cspan	09:58
<+Maximus>	long ess 887
	out 887.50 +.50
	so volatile
<+ItalianSharp>	we may spike up soon	09:59
	nop---spike down
<+Maximus>	10am reversal period
	short es 884.50 and out 884 +.50	10:00
<+szubaark>	Buys ES @ 890 «« paper »»
<@NihabaAshi>	Long ES @ 890.50 -> medium size
	5 only
<+szubaark>	exit stop moved to breakeven ES @ 890 «« paper »»	10:01
	Exited all Long ES at 890 --> 0 «« paper »»
	:((
<@NihabaAshi>	widen my initial stop
	Too many stop outs yesterday and had one too many today already	10:02
<+ItalianSharp>	looks like we still wanna spike up
<+Maximus>	long es 889.75
<+silo>	Shorts YM @ 8392
<+Maximus>	out 887.25 -2
<+ItalianSharp>	getting caught in chop with this volatility must be horrible	10:03
<+Maximus>	-2 or profit target in 1 second flat
	sometimes ms's
<+szubaark>	Buys ES @ 893.25 «« paper »»	10:04
<+silo>	Covered all YM Short @ 8424 --> - 32
	man
	1 contract only
<+szubaark>	Exited all Long ES at 893.25 --> 0 «« paper »»
	geezzzz
<@NihabaAshi>	trailing stop @ profit
<+ItalianSharp>	looks like a bull flag	10:05
	on shorter intervals
	1-2min
	we should spike up
<+szubaark>	Buys ES @ 898.50 «« paper »»
<@NihabaAshi>	Exited ES Long @ 902.75 --> + 12.25	10:06
<+szubaark>	exit stop moved to breakeven ES @ 898.50 «« paper »»
<+ItalianSharp>	funny thing is that NQ could rally all teh way back to 1370
<@NihabaAshi>	Holding 1 contract remainder
<+ItalianSharp>	ES could reach 1K again
	YM back above 9400
<+szubaark>	Exited all Long ES at 908 --> + 9.5 «« paper »»	10:07
<+ItalianSharp>	yesterday's drop left a vacuum behind it
<+silo>	peple at the exchange are yelling buy... anyone hear that on cnbc?
	haha
<+ItalianSharp>	if volatility picks up within that vacuum...we'll retrace it all
<+Maximus>	lol
<+szubaark>	finally caught the breakout on 4th try
<+Maximus>	cheering
	long ES 910
<+ItalianSharp>	and give birth to one of the biggest rallies in history
<+PapaJon>	unreal ...
<+Maximus>	out 913 +3
<+ItalianSharp>	NQ is set for a vertical rally
	PARABOLIC ONE
<+Maximus>	new intradays highs	10:08
	LOL
<@NihabaAshi>	Exited Remainder ES Long @ 912.75 --> + 22.25	10:09
<+Maximus>	short es 911.75
	out 909.25
	.5* + 2
<+silo>	Shorts YM @ 8565	10:15
<+Maximus>	shot es 904	10:16
	out es 901.00 +3
<+szubaark>	Volatility slowing down a little bit	10:17
<+silo>	Covered all YM Short @ 8522 --> + 43
<+szubaark>	silo, u trading 1 contract now?
<+silo>	Long YM @ 8465	10:18
	yeah
	i'm not crazy
	:)
	Exited all YM Long @ 8442 --> - 23	10:19
<+rickf>	holy hell -- i cannot log into OXPS website
<+szubaark>	lol
<+rickf>	ah now i can	10:20
<+Maximus>	long 896 Es
	out 901 +5
	looks like a 3 bar reversal on the 1 min
<+rickf>	now i got kicked out. sheesh, thank gods i'm only with 2 positions there now	10:23
<@X>	#FuturesTrades Info -> Some members (including me) explain basic details about their trades posted in #FuturesTrades @ http://thestrategylab.com/forum/index.ph p?board=58.0 and there's a link there to take you to #FuturesTrades archived logs if you're interested in reviewing past trades or market commentary posted in #FuturesTrades.
* codehead_afk	is now known as codehead	10:24
<+rickf>	bush on	10:25
<+silo>	trim that bush!
	haha
<+rickf>	oh hell we're gonna tank on this speech	10:27
<@NihabaAshi>	There's NOTHING president Bush can say to bring confidence to the market...nothing.	10:28
<breakout>	he gonna tell us dont worry go shopping lol	10:29
<+silo>	Shorts YM @ 8501
<@NihabaAshi>	weak support area	10:30
<+rickf>	down we go	10:32
<@NihabaAshi>	Shorts ES @ 891.25 -> small size
	2 only
<+szubaark>	Sneaky price Action	10:33
<+rickf>	bush done
<+silo>	exit stop set YM @ 8454	10:34
	exit stop set YM @ 8454	10:35
	exit stop set YM @ 8411
<@NihabaAshi>	Covered all ES Short @ 884.75 --> + 6.5
<+rickf>	lehmen auction 9.75cents on the dollar
<@NihabaAshi>	WOW
<+rickf>	yah no kidding	10:36
<+Maximus>	wow
<@NihabaAshi>	creditors gonna get reamed
<+rickf>	cnbc said it before goign to break
<+silo>	Covered all YM Short @ 8381 --> + 120
<+szubaark>	Shorts ES @ 885.25 «« paper »»	10:38
<+rickf>	Initial value on $4.92 billion to sell is 9.75 cents on the dollar.	10:39
<+szubaark>	tightening stop	10:40
	exit stop set ES @ 887.25 «« paper »»
<+sav>	Shorts NQ @ 1257.00
<+szubaark>	tightening stop
<@NihabaAshi>	oh oh
<+szubaark>	exit stop moved to breakeven ES @ 885.25 «« paper »»
<+sav>	Covered all NQ Short @ 1254.00 --> + 3
<@NihabaAshi>	If this price action revisits today's intraday lows...
	crazy if such happens	10:41
<+szubaark>	Covered all Short ES at 879.75 --> + 5.5 «« paper »»
<@NihabaAshi>	Then again...everything has been crazy all week.
<+szubaark>	Weak Support Area
<@NihabaAshi>	still dropping	10:43
<+rickf>	broke nearterm support ... next stop is 835-ish	10:44
<@NihabaAshi>	I'm still thinking about the banker trying to give me investment advice a few months ago about not pulling my kids college education money out and putting it into the savings account...Bank of America.	10:45
	Didn't listen to him :)
<+Maximus>	lol
<+szubaark>	Niha, didnt u say u were holding some Oil positions Swings?	10:46
<+silo>	Long YM @ 8302
	Exited all YM Long @ 8276 --> - 26	10:47
	too early
	Long YM @ 8321	10:48
<@NihabaAshi>	I said my Brother holds Oil swings long term...not me.
	I swing trade Oil short term
	Haven't done that in awhile
<+rickf>	as i said in a commentary this morning - "wealth mgmt" or "asset allocation" is simply the business of transferring your wealth and your assets from your account to the brokerage	10:50
<+pdays>	Long ES @ 881.5
<+silo>	exit stop set YM @ 8372
	Exited all YM Long @ 8370 --> + 49
<+pdays>	Exited all ES Long @ 888.25 --> + 6.75	10:52
<+silo>	Shorts YM @ 8434
<@NihabaAshi>	Shorts ES @ 883.75 -> small size	10:53
	2 only
<+szubaark>	Shorts ES @ 883.50 «« paper »»	10:54
<+silo>	Covered all YM Short @ 8355 --> + 79
	wtf
<@NihabaAshi>	Covered all ES Short @ 886.75 --> - 3
<+szubaark>	Covered all Short ES at 887.75 --> - 4.25 «« paper »»
<+silo>	wrong price
	my bad
	Shorts YM @ 8361	10:55
<@NihabaAshi>	Shorts ES @ 886.00 -> small size
	3 only
<+szubaark>	Shorts ES @ 883.75 «« paper »»
<+silo>	earlier exit price was wrong by the way
	no time to correct it now haha
	price too fast
<@NihabaAshi>	trailing stop @ profit	10:56
<+Maximus>	YM is insane
	20 pt stop not even enough for 1 sec. move	10:57
<+szubaark>	Covered all Short ES at 883.75 --> 0 «« paper »»
<+silo>	exit stop set YM @ 8361
	breakeven stop
<+rickf>	bleh.....gonna go hit the gym and clear my head. back in a bit
<@NihabaAshi>	Covered all ES Short @ 883.00 --> + 3
<+szubaark>	Shorts ES @ 881.25 «« paper »»	10:58
	easy to get buked off
<@NihabaAshi>	Had a great entry but lost my patience for staying with the trade	10:59
	Must be getting mentally tired.
	On that note...taking an early lunch to re-energize.
	NihabaAshi_lunch
* NihabaAshi	is now known as NihabaAshi_away
<+szubaark>	Covered all Short ES at 881.25 --> 0 «« paper »»	11:00
<+silo>	Covered all YM Short @ 8361 --> 0
	breakeven hit
<+szubaark>	Shorts ES @ 882.25 «« paper »»	11:03
<+silo>	Shorts YM @ 8320
<+szubaark>	Covered all Short ES at 882.25 --> 0 «« paper »»	11:04
<+silo>	wont go down	11:06
	need a strong move to kick this down lower :(
<+szubaark>	Shorts ES @ 880.25 «« paper »»
<+silo>	if this goes down here we're goign to be in a downtrend again hehe	11:08
	no wonder there's so much support here
<+szubaark>	tightening stop
	exit stop moved to breakeven ES @ 880.25 «« paper »»
<+silo>	and price is not goign down
<+szubaark>	Covered all Short ES at 880.25 --> 0 «« paper »»
	crazy wiggles
	Shorts ES @ 871.50 «« paper »»	11:10
<+silo>	Covered all YM Short @ 8230 --> + 90	11:12
	daily profit target reached
<+szubaark>	Covered all Short ES at 874 --> - 2.5 «« paper »»	11:13
<+silo>	will start trading 2 contracts soon	11:15
	since volatility has comed down some
<+szubaark>	Shorts ES @ 876.50 «« paper »»	11:18
	tightening stop	11:19
	exit stop moved to breakeven ES @ 876.50 «« paper »»
	getting tired from getting my Stops picked every time	11:21
	Covered all Short ES at 876.50 --> 0 «« paper »»
	Shorts ES @ 873 «« paper »»	11:22
	Weak Support Area
<+Maximus>	vix at 70	11:24
<+szubaark>	theres about 3-4 Wiggle room on up/down ticks.. crazy
	exit stop moved to breakeven ES @ 873 «« paper »»	11:25
	last try...
	Covered all Short ES at 873 --> 0 «« paper »»	11:26
	taking a break, this action is starting to get on my nerves
* szubaark	is now known as szubaark_away
<+silo>	Long YM @ 8225	11:45
	Long YM @ 8227 -> Add	11:46
	Exited all YM Long @ 8200 --> - 52	11:49
<+sav>	Shorts NQ @ 1227.5	11:50
	Covered 1/2 NQ Short @ 1224.5 --> + 3	11:51
	Covered Remainder NQ Short @ 1227.25 --> + 0.25	11:53
<@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
<+rickf>	bak	11:55
<+silo>	Long YM @ 8182	12:01
	Long YM @ 8182 -> Add
	now have 2 contracts in
	Exited 1/2 YM Long @ 8216 --> + 34	12:04
	Exited Remainder YM Long @ 8259 --> + 77	12:07
<+sav>	Shorts NQ @ 1229.00	12:10
	Covered all NQ Short @ 1232.00 --> - 3	12:11
<+silo>	Long YM @ 8222	12:12
	2 contracts
	Exited all YM Long @ 8270 --> + 48	12:15
	2x daily profit reached	12:17
<ddoonie>	good job	12:19
<Bambam-77>	wtg silo	12:23
* Awash	is now known as Awash_afk	12:25
<@X>	#FuturesTrades Info ->  Some members (including me) explain basic details about their trades posted in #FuturesTrades @ http://thestrategylab.com/forum/index.ph p?board=58.0 and there's a link there to take you to #FuturesTrades archived logs if you're interested in reviewing past trades or market commentary posted in #FuturesTrades.	12:26
<+silo>	price will probably chop around this area	12:28
	as it finds its true direction	12:29
* NihabaAshi_away	is now known as NihabaAshi	12:32
<@NihabaAshi>	Long ES @ 872.50 -> small size	12:33
	2 only
	trade error	12:34
	Exited ES Long @ 870.50 --> - 2	12:35
<+rickf>	drudge reporting world leaders may 'close markets' and links to bloomberg report
	http://www.bloomberg.com/apps/news?pid=2 0601087&sid=aP5mpMUORBWM
<@NihabaAshi>	I hope they don't close the markets...
<+Maximus>	uh oh
<@NihabaAshi>	It'll set it up for a CRASH big time	12:36
<+Maximus>	that would be bad news
	yes
<@NihabaAshi>	They may as well just make it a rule that NOBODY can sell :)
	Thus, you can ONLY BUY :)
	Either way...both will kill the markets.	12:37
	Long ES @ 879.00 -> small size	12:42
	2 only
	3 back to back no fills :(
<Awash_afk>	Niha, wouldn't you say we are crashing now? you wrote "[11:35] <NihabaAshi> It'll set it up for a CRASH big time"
<@NihabaAshi>	Had to market in at a horrible price	12:43
* Awash_afk	is now known as Awash
<+rickf>	whew .. long from 871 out 882 +11
<+Maximus>	full handle slip niha?
<+T-stop>	nice rick
<+rickf>	that was a VERY luky reverse	12:44
<+Maximus>	excellent rick
<+rickf>	ty - i had gone short at 865 and fat-fingered my DOM ... ended up going long and then just let it ride
<@NihabaAshi>	Exited all ES Long @ 881.00 --> + 2
	Awash...markets has crashed.	12:45
	Simply, good chance we'll go much lower
	Meant...markets HAS NOT crashed.
<+Awash>	interesting	12:46
<+rickf>	lunch time - back in a bit
<+Awash>	we've broke down pretty aggressively	12:47
	over the past few sessions
<@NihabaAshi>	It's only the start.
<+silo>	Shorts YM @ 8331
	1 contract
	only
<@NihabaAshi>	AFTER the U.S. presidential elections we should see some things stabilize to allow confidence to return
<palmer>	i agree niha	12:48
<+palmer>	whoever wins- wll try to put some confidence in
<+silo>	Shorts YM @ 8331 -> Add
<+palmer>	that should settle us alittle
<+silo>	2 contracts now
<@NihabaAshi>	Until then...cash is king
<+Awash>	i wonder how much further can we go, just last year we tested all time highs	12:49
<+silo>	Covered 1/2 YM Short @ 8304 --> + 27
<+Awash>	and now this year we're testing 2002 lows
<+Maximus>	markets can stay irrational much longer than reason	12:50
<+Awash>	or at least on deck to test 2002 lows
<@NihabaAshi>	Shorts ES @ 874.00 -> medium size
	4 only
	another problem entry	12:51
<+silo>	Covered Remainder YM Short @ 8299 --> + 32
	3x daily profit reached
<@NihabaAshi>	Covered all ES Short @ 877.50 --> - 3.5
	Shorts ES @ 876.00 -> medium size	12:53
	4 only
<+silo>	my INDU charts are not working now for some reason
	gonna have lunch.be back	12:54
<@NihabaAshi>	Covered all ES Short @ 875.75 --> + 0.25	12:55
	Shorts ES @ 876.75 -> medium size	12:56
	4 only
	trailing stop @ profit	12:58
	I'm digging deep to try and stay patient with this Short	12:59
<+palmer>	i am 20x my daily target today
* Tintin	: hi all	13:00
<@NihabaAshi>	Covered all ES Short @ 874.50 --> + 2.25
<+silo>	palmer.... damn
<+palmer>	:)
	yesterday it was 10	13:01
	times
	new strategy
<@NihabaAshi>	Shorts ES @ 870.25 -> large size	13:02
	6 only
<+rickf>	VIX @ 73	13:03
<@NihabaAshi>	all over the map but as expected so no complaints for me today about he price action	13:05
	Covered all ES Short @ 871.00 --> - 0.75	13:06
	Shorts ES @ 873.50 -> large size	13:07
	6 only
	Covered all ES Short @ 872.75 --> + 0.75	13:08
	:(
* szubaark_away	is now known as szubaark	13:10
<+rickf>	short es 68.50	13:11
<+szubaark>	Shorts ES @ 865.50 «« paper »»
<@NihabaAshi>	Shorts ES @ 866.00 -> medium size	13:12
	4 only
<+szubaark>	Weak Support Area
<@NihabaAshi>	trailing stop @ profit	13:13
<+szubaark>	:((
	Covered all Short ES at 865.50 --> 0 «« paper »»
<+rickf>	out 63.50 +5	13:14
<+szubaark>	Shorts ES @ 863.25 «« paper »»
	i dont have much wiggle room :(	13:15
	hopefully Volatility spike can bail me out
<@NihabaAshi>	Today you need about 3-4 point wiggle room to survive the oscillations in the volatile price action	13:16
<+rickf>	yeah no kidding
	noisy as hell	13:17
<+szubaark>	Covered all Short ES at 863.25 --> 0 «« paper »»
	Shorts ES @ 861.75 «« paper »»	13:19
<@NihabaAshi>	expecting a volatility spike	13:20
	lowering trailing stop more
<+szubaark>	exit stop set ES @ 864 «« paper »»	13:21
<@NihabaAshi>	Covered all ES Short @ 862.75 --> + 3.25
<+rickf>	when i get it movign 1.5 pts in my favor i am dropping a stop at B/E
<+szubaark>	Covered all Short ES at 864 --> - 2.25 «« paper »»
<+rickf>	rather get out than wrong :)
<+szubaark>	crazy	13:22
<+rickf>	yepper
<@NihabaAshi>	Long ES @ 867.25 -> medium size
	5 only	13:23
<+szubaark>	Shorts ES @ 864.25 «« paper »»
<+rickf>	maybe bounce up off support here	13:24
<@NihabaAshi>	Exited all ES Long @ 864.50 --> - 2.75
<+rickf>	i think this pm session is gonna be game-filled	13:25
	lots of stoprunning
	moreso than usual
<@NihabaAshi>	Long ES @ 866.25 -> medium size	13:26
	5 only
<+szubaark>	Covered all Short ES at 868 --> - 3.75 «« paper »»	13:27
	Nuts
<+rickf>	:(
<+szubaark>	Entries have to be PERFECT to avoid the 3-4 Wiggle	13:28
<@NihabaAshi>	Exited all ES Long @ 870.00 --> + 3.75	13:29
<+szubaark>	Shorts ES @ 869.75 «« paper »»
<+silo>	Shorts YM @ 8225
	1 contract only
	Shorts YM @ 8219 -> Add	13:30
<@NihabaAshi>	Shorts ES @ 866.00 -> medium size	13:31
	4 only
<+silo>	Covered 1/2 YM Short @ 8195 --> + 24
	exit stop set YM @ 8220	13:33
	breakeven stop
<+rickf>	jeez	13:34
<+szubaark>	again Entries have to Perfect otherwise they gonna get you LOL
<@NihabaAshi>	Covered all ES Short @ 863.50 --> + 2.5
<+szubaark>	tightening Stop	13:35
	exit stop set ES @ 869.50 «« paper »»
<+silo>	Covered Remainder YM Short @ 8165 --> + 60
	4x daily profit target reached
<+T-stop>	wtg silo
<+szubaark>	Weak Support Area
<@NihabaAshi>	Shorts ES @ 857.50 -> small size	13:36
	3 only
	Covered all ES Short @ 859.50 --> - 2	13:38
<+szubaark>	Covered all Short ES at 861 --> + 8.75 «« paper »»
* +Tintin	----[ shorts eur @ 1.3425 ]----
<+rickf>	got +5.25 on that last drop down (late)	13:39
	"a good profit" reached for the day
<+szubaark>	Nice rick
<+rickf>	sorry - doing the "trade first post later" bit :)
	ty
<+silo>	gonna enjoy my sandwich now :)	13:41
<@NihabaAshi>	Shorts ES @ 858.25 -> medium size	13:42
* +Tintin	----[ covers eur @ 1.3405 +0.0020 ]----
<@NihabaAshi>	4 only
<+palmer>	at 25x daily profit goal
<+rickf>	:)	13:43
<+szubaark>	palmer, what do u TRADE?
<+palmer>	ES
<+szubaark>	Why not Post yur Trades, we all can learn something
<+palmer>	u guys much better	13:44
	i have been learning from u guys
	no joke
	just adjusting a few stuff
	and swinging them
	like KN
<@NihabaAshi>	trailing stop @ profit	13:45
<+palmer>	been short last trade 863
	2 lot
* +Tintin	----[ buys eur @ 1.3382 ]----
<+szubaark>	they still want more blood	13:47
<@NihabaAshi>	trailing stop lower more
<+silo>	they want szu's blood	13:49
	by the buckets
	:)
<@NihabaAshi>	Covered 3/4 ES Short @ 847.00 --> + 11.25
<+szubaark>	:p
<@NihabaAshi>	Holding 1 contract remainder
<+szubaark>	Nice Niha.
* +Tintin	----[ covers eur @ 1.3382 flat ]----
<winmax60>	great ...NIha....
<+palmer>	cover+20
<+T-stop>	nice guys
<+rickf>	wtg niha	13:50
* +Tintin	----[ buys gc @ 838.4 ]----
<+silo>	Long YM @ 8030	13:52
	one contract only
	Long YM @ 8030 -> Add	13:53
	added more
<+palmer>	today is unreal for me
	like i am in a zone
<+rickf>	for lots of folks
<+szubaark>	everyone is in Fantasy World right now, reality will hit soon and Chop and Range days will return hehehe	13:54
<+silo>	Exited all YM Long @ 8010 --> - 40
<+rickf>	short 844 75
<+szubaark>	Shorts ES @ 841.75 «« paper »»	13:55
	Covered all Short ES at 844 --> - 2.25 «« paper »»
<+rickf>	out b/e :(
<+silo>	Long YM @ 8044	13:56
<+palmer>	well unreal that i am making so much moneySession Close: Fri Oct 10 13:56:52 2008
	Session Start: Fri Oct 10 13:56:52 2008Session Ident: #futurestrades
* Disconnected
* Attempting	to rejoin channel #futurestrades	13:57
* Rejoined	channel #futurestrades
<@X>	[NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTra desChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrad es.htm
* +Tintin	----[ covers gc @ 839.4 +1 ]----	13:58
<+silo>	Exited 1/2 YM Long @ 8080 --> + 36
<+szubaark>	Shorts ES @ 853 «« paper »»	13:59
<+silo>	Exited Remainder YM Long @ 8091 --> + 47
	earlier long was trying to catch this move	14:00
<+szubaark>	tightening Stop
	exit stop set ES @ 856 «« paper »»
	tightening Stop	14:02
	exit stop moved to breakeven ES @ 853 «« paper »»
<LP>	tradestation es charts not working for me, anyone ok on es?	14:04
<+LP>	tz and nq ok but not es
<+szubaark>	geez
	Covered all Short ES at 853 --> 0 «« paper »»
<@NihabaAshi>	Covered ES Short @ 857.00 --> + 1.25	14:05
	Reverse and Enter Long ES @ 857.00
	1 only
<+szubaark>	Buys ES @ 856.75 «« paper »»
	Exited all Long ES at 856.75 --> 0 «« paper »»
<+rickf>	long from 852.50	14:06
<@NihabaAshi>	Exited ES Long @ 865.00 --> + 8	14:07
	wow
	counter-thrust back up from hell
<ddoonie>	this is crazy	14:08
* fseitun	is now known as ItalianSharp
<+rickf>	out 863 +10.50
<+szubaark>	Shorts ES @ 862.25 «« paper »»
<+silo>	Shorts YM @ 8177	14:09
	one contract only
	Covered all YM Short @ 8229 --> - 52
<+ddoonie>	eek tat was fast	14:10
<+silo>	that's wrong price
<+szubaark>	Covered all Short ES at 865 --> - 2.75 «« paper »»
<+rickf>	long 66.50
<+silo>	man i went 12 contracts by accident
	instead of 1
	wtf
<+rickf>	out b/e
<+ddoonie>	damn silo
<+silo>	my god
	all daily profits almost evaporated
<+rickf>	whoa
<+szubaark>	silo u serious?
<+rickf>	dude
<+silo>	yeah	14:11
<+rickf>	:(
<+silo>	i tried to change 2 to 1
<+palmer>	silo we goign lower
<+silo>	but didn't realized it got changed to 12
<+T-stop>	that sucks
<+palmer>	should have held
<+szubaark>	Shorts ES @ 864 «« paper »»
	Covered all Short ES at 867 --> - 3 «« paper »»	14:12
<+rickf>	67 75 long	14:13
	out 73.75 +6
	all 4 lots btw	14:14
<+szubaark>	Shorts ES @ 873 «« paper »»
<+silo>	wow this freaking sucked
	wanted 1 contract only.... but went in with 12 by accident... 2000 profits got reduced to 340
	within a second
<+T-stop>	hang in there	14:15
	you'll get it back
<+silo>	i'm done for the day i think
<+ddoonie>	could be worse silo, you;ll make it back
<+silo>	i have already lost my cool
	when i saw my open PNL show 205 pts loss	14:16
<+rickf>	dude things happen ... better to walk away and come back next week
<+silo>	i was like... WTF
<AustinM>	whoa
<+rickf>	we're all there @ one point or other
<+silo>	yeah one trade 205 pts loss
<+AustinM>	ym?
<+silo>	lol
	yeah
<@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
<+AustinM>	please tell me 1 contract?
<+silo>	i need to figure out a way to see if i can make sure i restrict contracts size
<+T-stop>	agree rick
<+silo>	so i can avoid this keyboard mistake in the future
	trying to change 2 contracts to 1	14:17
	and end up with freaking 12
	good thing it wasn't 21 contracts
<+szubaark>	Covered all Short ES at 864 --> + 9 «« paper »»
<+AustinM>	12 contracts at 205 pts?
<+rickf>	nice szu
<+silo>	good thing the cursor was in front of the 2
	and not after 2.
	in that case it would've been 21 contracts
	lol
<+szubaark>	thnx
<@NihabaAshi>	You guys have freaked me out with the order entry problems today.	14:18
<+szubaark>	i think im done for the day.. this is too wild to trade
<@NihabaAshi>	I'm going 1 contract only for the remainder of the trading day.
<+rickf>	yeah i had one this morning -- freaked me out bigtime
<+silo>	i was trading so well today too
	sigh
	so angry
<+rickf>	i double-clicked 'exit' and it reversed on me ... thankfully ti worked out
	silo - chill, go have a beer or two
	we feel your pain
<+silo>	yeah i'm done for the day
<+szubaark>	i think its this fast moving action thats making us freeze	14:19
<@NihabaAshi>	Not me...I don't freeze.
<+rickf>	es setting up for another fall i think
<@NihabaAshi>	Instead, I start shooting at anything that moves :)
<+T-stop>	lol
	lmao
<@NihabaAshi>	I'll ask questions later
<+T-stop>	true professional	14:20
<+szubaark>	i dont remember this type of action since the Internet Bubble days, but back then i was clueless	14:21
	i remember IB was charging $12.50 for commissions
<+AustinM>	i quit?	14:22
<+szubaark>	but still back then the followthru was A LOT BETTER then right now
<+AustinM>	870 flat was a good turn around point
	+/- a few ticks	14:23
<MK>	Long ES @ 857.25 -> Add «« paper »»
<+AustinM>	careful though, anything after 3 pm has been fair game lately, you've seen it!
<@NihabaAshi>	Yep	14:24
<+AustinM>	I wish I had hordes of cash lying around, there are some good deals on some blue chips right now
<+rickf>	short 61.25
<@NihabaAshi>	Snipers get into the trees waiting for us retail folks to come near.
<@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.	14:26
<+AustinM>	I was reading an article on barrons about RIM (makes the blackberry) and how they are a possible takeover target for Microsoft
<+rickf>	out 54.25 +7	14:27
<+AustinM>	The argument was a good one. Microsoft can afford RIM without taping credit markets and it would help them compete with Googles Android platform (mobile OS) soon to be released
<+rickf>	austin - yeah my shopping list on equities is pretty tempting	14:29
* stargazer	- [ is away ] [ Reason: Activate IdleAway: 300 min ] [ Time: 11:29:25 ] [ Pager: off ] [ Log: off ]
<+AustinM>	I'd wait and see what Monday brings, once everyones had the weekend to ponder
<+rickf>	short 52.50
<+AustinM>	I don't want to call it right now, but I think a bottom is within the next couple of weeks	14:30
	But then again, a lot of government meetings between now and then
<+rickf>	out 51 +1.50
	well @ the current burn rate the DJ bottom is in like 15 days	14:33
	:)
<+AustinM>	2 weeks :	14:34
	:)
<+rickf>	short 52.50	14:35
	out 48.50 +4	14:38
<@NihabaAshi>	Looks like ES may take another try at a new intraday low.
<+AustinM>	volume was light at the bottom
<@NihabaAshi>	It's been a great memorable week for trading but I know the investors have a different opinion.
<+ddoonie>	thats for sure	14:39
<+AustinM>	right here at this price action at 10 of 2 we saw heavy voluem as well
<@NihabaAshi>	I'm taking Monday off from trading but will let the computer log in and document the discussion in here.
	Take care all and see all on Tuesday.
<+ddoonie>	have a good weekend
<+AustinM>	Have a good weekend Nihaba
<pat12>	k later N
<+rickf>	seeya
<+szubaark>	bye	14:40
<+T-stop>	tks Niha, cya	14:41
	very nice wk
<+silo>	yeah i'm done for the day too
	sigh
<+ddoonie>	good week none the less silo
<+silo>	friend is coming over in a bit with some sweet leaves
	:)
<+T-stop>	hehe	14:42
<+silo>	if you know what i mean
	haha
<+T-stop>	that i'll help
<+sav>	12 contracts will seem like nothing :)
<+T-stop>	lil aa and you'll be fine
<LP>	flowers not the leaves ;)	14:44
<+silo>	true	14:45
	of crystally kind
<+LP>	lol
<+silo>	was going to show him my day's success too
	but now a measly 340 hah
<+LP>	this is like an orderly beating, no flush crazy	14:46
<+rickf>	long 56
<+sav>	Long NQ @ 1224.25	14:48
	Exited 1/2 NQ Long @ 1227.25 --> + 3
<+rickf>	out 59 +3	14:49
<+sav>	Exited Remainder NQ Long @ 1224.5 --> + 0.25
<+rickf>	got greedy :(
<+AustinM>	rick is on tick duty today	14:50
<+rickf>	*blush*
	that bond money didnt buy much at 2:45 :(	14:51
<+AustinM>	if it reaches 866 and passeds the 66's i think we might actually get some upward movement	14:53
<+rickf>	short 51	14:55
	out 47 +4	14:57
	wow - i picked a hell of a week to go live on the es	14:59
	guess if you can trade this week well, you should be okay lol
	talk about taking a rubber raft into a hurricane
<+LP>	lol	15:01
<+AustinM>	oh ok rick, if we got rafts, you're on the coast guard boat	15:02
	i dont see you sinking!	15:03
<+rickf>	63.50 not liking that level :(
	lol thx
<+AustinM>	made 1.75 on the pullback	15:04
<+codehead>	if we can't break down 8k area, expect to see some short covering into the close
<+rickf>	long 59	15:08
	out 67 +8	15:10
<+AustinM>	whoa
	what is your stop loss at?
<+rickf>	mental 2-3 points	15:11
	long 71 50	15:12
<+codehead>	vix hitting highs--positive divergence
	fear and buying
<+ddoonie>	woohoo, we may have a green day!
<+szubaark>	this is ridiculous	15:13
<+ddoonie>	30 handle 5 min bar
<+AustinM>	the street was cheering early this morning with the rally
	haha
<+szubaark>	yeah, good luck on Stops LOL
<+sav>	this could be a crazy last hour
<+T-stop>	fast tape
<+ddoonie>	i think we end up positive today
<+rickf>	out 83 + 12.50
<+szubaark>	nice rick
<+sav>	nice rick	15:14
<+rickf>	think my math is right on that
	thanks guys .... feel like i was on a damn jet plane there
<+AustinM>	well keep trading like that and you'll be on your own jet plane
	Steak dinner for you tonight buddy
<+T-stop>	if they sell this off, we in a world of hurt, imo
<+rickf>	SUSHI	15:15
<+AustinM>	Again?
<+rickf>	didnt have it the other night
<+AustinM>	haha
	Sushi and saki right?
<+rickf>	long 889.50	15:16
	out 96.50 +7	15:17
<+AustinM>	ya baby
	out 6.50
	woo
<+rickf>	dude
<+AustinM>	i got stopped out at 1.50 and then reentered
	i knew that was coming
<+sav>	Long NQ @ 1263.00	15:20
	Exited 1/2 NQ Long @ 1266.00 --> + 3
<+rickf>	not looking long until over 900	15:21
<+sav>	Exited Remainder NQ Long @ 1277.5 --> + 14.5	15:22
	Long NQ @ 1274.00	15:25
	Exited 1/2 NQ Long @ 1277.00 --> + 3
<+rickf>	899.50	15:26
	lonh
	out 903 +3.5
<+sav>	Exited Remainder NQ Long @ 1274.25 --> + 0.25
	:(
<+rickf>	long 904	15:28
	out 909 +5	15:30
<+sav>	Long NQ @ 1293.00	15:31
<+rickf>	long 914
<+MK>	any news?
<+sav>	Exited 1/2 NQ Long @ 1296.00 --> + 3
<+AustinM>	rick what are you buying?
<+rickf>	es
<+sav>	Exited Remainder NQ Long @ 1293.25 --> + 0.25
<+AustinM>	you're getting quoted at 909?	15:32
<+rickf>	out 915 +1
<+AustinM>	are you trading the front month?
<+rickf>	yes
<+AustinM>	who is your broker?
<+rickf>	open ecry	15:33
<+AustinM>	I'm quoted at 895 flat right now
<+rickf>	916
	think your chart frozen?
<+AustinM>	no its moving
	anyone else on a zen-fire feed?
<+sav>	Long NQ @ 1298.75	15:34
<+ddoonie>	i'm using zenfire for es
<+AustinM>	whats your quote right now?
<+sav>	Exited 1/2 NQ Long @ 1301.75 --> + 3
<+ddoonie>	925.25
<+AustinM>	hmm
<+rickf>	92450
<+AustinM>	gonna try logging out and logging back in
<+ddoonie>	923	15:35
<+MK>	how do you like zenfire?
<+sav>	Exited Remainder NQ Long @ 1308.75 --> + 10
<+rickf>	long 922.25
<+AustinM>	im trading paper on zenfire
<+sav>	geez should have held onto that one	15:36
<+ddoonie>	i think we have ourselves a first green day in a long while
	much needed
<+AustinM>	weird, ya its corrected now
<+ddoonie>	craziness 100 points
<ItalianSharp>	this is insane	15:37
<+rickf>	out 940 +18.75
<+ItalianSharp>	dow almost 1000pt swing
<+rickf>	holy.....s----t
<+silo>	capitulation day? :)
<+ItalianSharp>	YM did in one day what it used to do in months
	silo, i dont think it's capitulation
<+T-stop>	agree silo
<+ItalianSharp>	yet...today could mark a good temporary bottom	15:38
<+rickf>	i am done ... holy hell.
<+ddoonie>	rickf awesome day
<+werner>	:)
<+ItalianSharp>	sure is this move must produce a nice rally on the daily
<+rickf>	i dont want to brag but .... yeah, i'm stoked
<+silo>	:)	15:39
<+rickf>	stuck to the plan, read the tape, and let the price guide me
<+ddoonie>	nah we all saw it, no need to brag
	we believe you
<+ItalianSharp>	before we move up further, today's lows will be tested for a couple of days...----> chop ahead
<+rickf>	agree
<+ddoonie>	the moves this thing is making took you for a ride
<+rickf>	now watch us sell off into the close
<pat255>	rick can u throw some light on the plan?
<SpartanWarrior>	Long ES @ 921.50 «« paper »»	15:40
<+sav>	Shorts NQ @ 1298.00
<+SpartanWarrior>	Exited all ES Long @ 917.50 --> - 4 «« paper »»
<+rickf>	plan? just keeping it simple on the chart, lookign at price action, and get some confirmation from indicator
<+sav>	Covered 1/2 NQ Short @ 1295.00 --> + 3
<+ItalianSharp>	see....this late selloff tells me bulls dont wanna take positions into the weekend
<+szubaark>	rick CCI?
<+ItalianSharp>	that's a bad sign for a bottom
<+rickf>	yeah
<+pat255>	thks rick	15:41
<+szubaark>	i like the cci
* +rickf	used as confirmation, not necessarily a signal
<+ItalianSharp>	damn...
	20mins left
<+sav>	Covered Remainder NQ Short @ 1278.00 --> + 20
<+ItalianSharp>	we could have capitulation right here
	we could easily make new lows
<+SpartanWarrior>	20 min drop in one min on es, don't know how to trade this
<+T-stop>	Italian, that would be something
<+ItalianSharp>	damn...i feel sick just watching this	15:42
	if we make new lows, i am going to puke
<+T-stop>	hehe
<+silo>	ahahah my 2min ym chart are separated by 100 points on the y axis
<+T-stop>	we won't
	buy area
<+AustinM>	my account value went up exponentially trading volume haha
<+T-stop>	if your brave
<+rickf>	blame me, i moved a ton of contracts lol	15:43
<+ItalianSharp>	over 20mins left
<+T-stop>	not enough time for new lows, along w/G7, no way imo
<+ItalianSharp>	anything can happen
<+T-stop>	y
<+ItalianSharp>	t-stop, YM dropped 200pts in 1min just minutes ago...	15:44
	we can still go to 6K by end of day
	there is time
<+T-stop>	if so we need to do it now
	gotta turn here
<+ItalianSharp>	yes, i'd be totally stunned to this drop	15:45
<+T-stop>	they trying to hold em
<+ItalianSharp>	as i said, i'd probably puke
<+T-stop>	need to break that 900 and soon
<+rickf>	only tactical trade is my short SDS in my retirement account ...it's protecting my long positions there	15:46
<+T-stop>	for any chance
<+rickf>	otherwise not playing anything this weekend -- I'm hedged and that's fine
<+werner>	mmmm...daly vol
<+MK>	moving so fast that IB's platform not updating the Indu
<+rickf>	5.49m ES ontracts
<+MK>	it's stuck at +48.60 ...anybody else?	15:47
<+T-stop>	may go out kinda flat
	ib ok here
<+ItalianSharp>	YM gonna drop all the way to 8200
<+T-stop>	when?	15:48
<+ItalianSharp>	by end of day maybe?
	that selloff was a big clue
<+AustinM>	for some reason my internet froze up on my stop loss was not server side
<+ItalianSharp>	it was huge selling at the highs
<+AustinM>	just lost 5 pts
<+MK>	i need another fast feed for the Indu-any suggestions?
<+rickf>	DTN IQ?	15:49
<+T-stop>	no one wants to take big gamble either way, with this mtg., shorts covered, longs scared to hold over, imo
<+MK>	are there any free ones?
<+T-stop>	ib great here	15:50
	np
<+ItalianSharp>	t-stop, that's a good scenario
	possible
	however...
	if longs start dumping...
<+rickf>	dont think so
	not realtime
<+ItalianSharp>	downside volatility can pick up fast	15:51
<+MK>	thx rick
<+rickf>	np
<+T-stop>	MK what symbol
<+MK>	INDU
<+T-stop>	I,m actually not using it, just ym	15:52
	so don't know
<+MK>	i just like looking at overall mkt along w eye on ym, nq, emd, es
<+T-stop>	have some others for that, schw, etc
<+sav>	done for the day and what a day it was	15:53
<+T-stop>	just keep the tube on mute and glance up
<+rickf>	yeah i'm done too
<+sav>	good trading rick	15:54
<+T-stop>	y, same her crazy wk
	here
<+rickf>	i gotta say this was a hell of a learning week for me -- really helped boost my confidence in my plan and style
	thx sav
	you too
<+T-stop>	nice rick
<+MK>	small real gains today at 6 pts-pittance for day like this-shame
<+sav>	cool c everyone for the next round of madness next week :)
<+rickf>	lol - i am out most of next week teaching :(	15:55
	only here on monday
<+werner>	:) gn all
<+rickf>	cya werner
<+T-stop>	cya
	may get a green close just for show	15:59
<+rickf>	ding ding	16:00
	i think the markets just didnt want the govs to panic and shut 'em down, so they rallied to "be nice" ?
<@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
<+T-stop>	good pt rick
<+rickf>	or the PPT got busy lol	16:01
<+T-stop>	good vol
	if this ain't the short term bot its close	16:02
	prolly big gap up Mon
	imo
* +Tintin	: have all a nice EoD & a good WE ... bye	16:06
<+T-stop>	tks, same to you
<+rickf>	sheesh	16:14
<+T-stop>	wow futs nice lil pb into post mkt close	16:15
<+rickf>	"Turn the machines back on......."
<+T-stop>	hehe
<+rickf>	"Margin call, Mister Duke."
<+T-stop>	nice 200 ym	16:16
	pb
	Italian theres your pb, just happened after close	16:17
	take care all have a nice weekend	16:20
<+rickf>	you too	16:21
	ok guys - i am off for the day and weekend myself. have a good one and see you on monday
<@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.	16:32
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