#FuturesTrades October 14th Tuesday 2008 Trade Log

Trade Posting Chat Log Info: My name is M.A. Perry (a.k.a. online as NihabaAshi - martial arts & Japanese Candlestick term) and I am the moderator of #FuturesTrades.

Simply, my job is to keep the peace and ensure #FuturesTrades is a useful community of traders from around the world that have gather in a virtual trading office.

In addition, I personally use the below chat log as feedback for critical trading information that's not available when I review my broker statements nor any statistical analysis of my trading.  To maintain the usefulness of the below chat log, all of my trades were posted in real-time within 5 seconds after entry or exit unless otherwise noted in the log. 

  To read behind the scenes details about my trades posted below such as explanation of position size, stop management, chart interval choice et cetera...click here.

Further, although I'm not familiar with the trade methods used by most members of #FuturesTrades, I use a rule based methodology (very objective) that involves price action only trading (no indicators). However, some of my trades are intuition via market experience in combo with many concepts from my rule based methodology.

  My own current performance record and broker profit/loss statement is posted at the bottom of today's log.

With that said, today's trade posting chat log is below and it contains trades posted in real-time by #FuturesTrades members including all of my own trades that were posted in real-time. 

Last of all, if you want the instructions for gaining access to our free #FuturesTrades chat room...click here.

	#FuturesTrades purpose, benefits and access info for day traders, swing traders and position traders...click here.
Time Zone Info	Chat Log below is eastern standard time (est.) - New York City, U.S.A and/or Montréal, Canada time zone.
<@X>	#FuturesTrades Info ->  No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended without their permission. More info at http://www.thestrategylab.com/FuturesTradesChatRoom.htm
	Session Start: Tue Oct 14 08:18:21 2008Session Ident: #futurestrades
* Now	talking in #futurestrades	08:18
<@X>	[NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<traderguy>	gm all	08:39
<rogercha>	gm all	08:42
<silo>	Shorts YM @ 9864	08:46
<+silo>	late entry 'cuz my platform wasn't up at the time when i saw the move
	Covered all YM Short @ 9864 --> 0	08:48
	will look for better entry
	that was a late entry anyway
	Shorts YM @ 9853	08:49
	Covered 1/2 YM Short @ 9813 --> + 40	08:51
	Covered Remainder YM Short @ 9825 --> + 28
<Nesi>	great timing, silo	08:52
<+silo>	thanks	08:56
	Shorts YM @ 9807	08:59
<@NihabaAshi>	Shorts ES @ 1052.00 -> small size	09:02
	3 only
<+silo>	Covered 1/2 YM Short @ 9777 --> + 30
	daily profit target reached by the way :)	09:05
	Covered Remainder YM Short @ 9785 --> + 22	09:07
<Bambam-77>	wtg silo	09:09
<@NihabaAshi>	Covered all ES Short @ 1050.75 --> + 1.25
<+Bambam-77>	now turn off you pc and walk away was best advice i have ever gotten	09:10
<+silo>	bounce coming soon	09:11
	Long YM @ 9755	09:13
<+Bambam-77>	49 for 45 or we heading back up
	47 must hold for long swings	09:14
<+silo>	Exited 1/2 YM Long @ 9803 --> + 48	09:17
	Exited Remainder YM Long @ 9796 --> + 41	09:19
	2x daily profit reached
	:)
<+traderguy>	wtg silo
<+Bambam-77>	ok ok leave your computer on lol	09:20
	silo is hot today
<ItalianSharp>	morning all
<+silo>	thanks
	gonna smoke a cig. brb	09:21
<+Bambam-77>	protect longs	09:22
	53 for 57
<TraderG>	good morning	09:25
<+silo>	Long YM @ 9790	09:28
<drt>	gm all	09:29
<+Bambam-77>	53 for 49 pos trgt
<estrader1>	gm all
<+Maximus>	gm all
<+silo>	Exited 1/2 YM Long @ 9834 --> + 44	09:30
	Exited Remainder YM Long @ 9850 --> + 60	09:32
<+Bambam-77>	retest of hi is what i would like to see
<pdays>	Shorts ER2 @ 584.2
<+silo>	close to 3x daily profit :D
<+pdays>	Covered all ER2 Short @ 583.2 --> + 1	09:33
<@NihabaAshi>	Shorts ES @ 1050.75 -> large size	09:34
	6 only
<PapaJon>	gm all
<@NihabaAshi>	trailing stop @ profit	09:37
<@X>	#FuturesTrades Info ->  Some members (including me) explain basic details about their trades posted in #FuturesTrades @ http://thestrategylab.com/forum/index.ph p?board=58.0 and there's a link there to take you to #FuturesTrades archived logs if you're interested in reviewing past trades or market commentary posted in #FuturesTrades.	09:38
<@NihabaAshi>	Covered all ES Short @ 1048.50 --> + 2.25
<+silo>	with all the new money that went in yesterday	09:41
	crazy moves today
	and panic selling :D	09:42
<T-stop>	Q's, leading lower so far, may go red...msft, qcom, goog red..big components in nq	09:45
<+silo>	no wonder nq was so bearish	09:46
<+T-stop>	y
<werner>	gm all	09:49
<@NihabaAshi>	Shorts ES @ 11032.25 -> large size	09:52
	ooops
	Shorts ES @ 1032.25 -> large size	09:53
<+Maximus>	Short ES 1026
<@NihabaAshi>	6 only
<+Maximus>	Out 1025.75 +.25	09:54
<@NihabaAshi>	Covered all ES Short @ 1027.75 --> + 4.5	09:55
<+silo>	9474 in ym should be the lowest range before a quick bounce	09:57
<@NihabaAshi>	Shorts ES @ 1024.25 -> small size
	3 only	09:58
<+silo>	nq retracing that big BIG upmove from yesterday
<@NihabaAshi>	trailing stop @ profit	09:59
<szubaark>	Buys ES @ 1022.75 «« paper »»	10:01
<@NihabaAshi>	Covered all ES Short @ 1023.75 --> + 0.5
<+szubaark>	tightening Stop	10:02
	exit stop set ES @ 1023 «« paper »»
<@NihabaAshi>	Long ES @ 1028.25 -> medium size
	4 only
<+szubaark>	Exited all Long ES at 1029.25 --> + 6.5 «« paper »»	10:03
<@NihabaAshi>	Exited all ES Long @ 1030.00 --> + 1.75	10:04
<+silo>	Long YM @ 9550	10:07
	Exited all YM Long @ 9530 --> - 20
	early entry failed hehe
<@NihabaAshi>	Shorts ES @ 1022.75 -> small size	10:09
	3 only
<+T-stop>	nq/ym div should resolve soon, one way or the other
<@NihabaAshi>	sneaky price action right now
<+szubaark>	Shorts ES @ 1018 «« paper »»
<+T-stop>	that was fast
<+Maximus>	short es 1018.75
<+szubaark>	tightening Stop
	exit stop moved to breakeven ES @ 1018 «« paper »»
<@NihabaAshi>	trailing stop @ profit
<+szubaark>	Covered all Short ES at 1018.25 --> - 0.25 «« paper »»
<+silo>	Long YM @ 9501
	wow
<+Maximus>	out ES 1019.75 -1
<+silo>	Exited all YM Long @ 9481 --> - 20	10:10
<+szubaark>	Shorts ES @ 1016 «« paper »»
	Covered all Short ES at 1019 --> - 3 «« paper »»	10:11
	Buys ES @ 1021 «« paper »»
<+silo>	price real fast now lol	10:12
<+T-stop>	hand full of big caps holding up es/dow, most are red on day, but up from prev close
<+szubaark>	Exited all Long ES at 1016.25 --> - 4.75 «« paper »»
	:(((
<+traderguy>	big spread
<+szubaark>	Shorts ES @ 1014.50 «« paper »»
<@NihabaAshi>	trailing stop tighten more	10:13
	Covered all ES Short @ 1019.50 --> + 3.25
<+szubaark>	Covered all Short ES at 1019.25 --> - 4.75 «« paper »»
	Buys ES @ 1019.25 «« paper »»
<+silo>	Shorts YM @ 9465	10:15
	1 contract only
	Covered YM Short @ 9517 --> - 52	10:17
	Reverse and Enter Long YM @ 9517
	1 contract only
<@NihabaAshi>	Long ES @ 1022.00 -> small size
	1 only
<+silo>	Long YM @ 9525 -> Add
<+szubaark>	tightening Stop	10:18
	exit stop moved to breakeven ES @ 1019.25 «« paper »»
<@NihabaAshi>	Exited ES Long @ 1025.25 --> + 3.25
	Shorts ES @ 1024.50 -> small size	10:20
	1 only
	Covered ES Short @ 1023.00 --> + 1.5	10:21
<+silo>	Exited 1/2 YM Long @ 9551 --> + 26	10:24
<+szubaark>	Exited all Long ES at 1022 --> + 2.75 «« paper »»
	Shorts ES @ 1022 «« paper »»
<+silo>	Exited Remainder YM Long @ 9529 --> + 12
<+szubaark>	tightening Stop	10:25
	exit stop set ES @ 1025 «« paper »»
	tightening Stop	10:26
	exit stop moved to breakeven ES @ 1022 «« paper »»
<+silo>	Long YM @ 9514
<+szubaark>	Covered all Short ES at 1022 --> 0 «« paper »»	10:27
<+silo>	boy... so dangerous	10:28
<+szubaark>	Shorts ES @ 1018 «« paper »»
	Covered all Short ES at 1021 --> - 3 «« paper »»	10:29
<sav>	Long NQ @ 1421.5	10:31
<+sav>	Exited all NQ Long @ 1424.5 --> + 3
<+silo>	Exited 1/2 YM Long @ 9555 --> + 41
<+szubaark>	Shorts ES @ 1021 «« paper »»	10:32
<+silo>	exit stop set YM @ 9514
	for remaining 1
	eh nevermind	10:33
	out
	Exited Remainder YM Long @ 9514 --> 0
	wow it's still only 10:34?	10:35
	:)
	haha
	feels like 1pm already :)
<+szubaark>	u traded pre-market :)
<+silo>	hehe yeah	10:36
	started at 8:50am
<+szubaark>	tightening Stop
	exit stop moved to breakeven ES @ 1021 «« paper »»
	tightening Stop	10:38
	exit stop set ES @ 1020 «« paper »»
<screenstruck>	test
<+silo>	Shorts YM @ 9455	10:41
<+szubaark>	tightening Stop
	exit stop set ES @ 1015 «« paper »»	10:42
<@NihabaAshi>	Shorts ES @ 1009.75 -> medium size
	4 only
<+silo>	Covered 1/2 YM Short @ 9428 --> + 27
<@NihabaAshi>	trailing stop @ profit
<+szubaark>	Covered all Short ES at 1003 --> + 18 «« paper »»	10:43
<@NihabaAshi>	Covered 3/4 ES Short @ 1003.25 --> + 6.5	10:44
	Holding 1 contract remainder
<+silo>	Covered Remainder YM Short @ 9350 --> + 105	10:45
<+szubaark>	ES back to that 1000 Level
<+silo>	3x daily profit reached
<+szubaark>	nice
<@NihabaAshi>	Covered Remainder ES Short @ 998.00 --> + 11.75	10:46
<+Bambam-77>	4x daily goal met here this is unreal
<+silo>	Long YM @ 9317	10:47
	1 contract only
<+szubaark>	Nice Bambam...
<+Bambam-77>	987 is 2x ib for first 1/2 pos trgt	10:48
	ib is initial balance
	still holding 1 lot	10:49
	ss add at 1003
	stp for swing ss at 05 now lets retest the lows	10:51
	flat swing	10:52
	b 1005	10:53
	1007 t1	10:54
	1001 stp swing	10:55
<+silo>	Exited all YM Long @ 9423 --> + 106	10:56
	1 contract only
	it's probably going to go higher but oh well	10:57
	4x daily profit reached
<+Bambam-77>	this is un real silo congrats wtg	10:58
<+silo>	last 2 big trades were only with 1 contract	10:59
	not 2
	9550 will be the resistance for ym
	that was my target at first but decided to lock gains	11:00
<+szubaark>	Shorts ES @ 1005.50 «« paper »»	11:01
	tightening Stop
<AustinJM>	you're trading the 1 and 2 minute aren't you?	11:02
<+szubaark>	Covered all Short ES at 1005.50 --> 0 «« paper »»
<@NihabaAshi>	Long ES @ 1007.50 -> small size
	1 only
<+szubaark>	no..5min and 2min
<@NihabaAshi>	Exited ES Long @ 1008.75 --> + 1.25	11:04
<+szubaark>	1min is way too fast..tried it before LOL
<@NihabaAshi>	trade error and result is a lucky exit
<+szubaark>	Shorts ES @ 1003.25 «« paper »»	11:05
	same entry
	Covered all Short ES at 1007 --> - 3.75 «« paper »»	11:06
	Shorts ES @ 1002.50 «« paper »»	11:08
	last try
	tightening Stop	11:10
	exit stop moved to breakeven ES @ 1002.50 «« paper »»
	tightening Stop	11:12
	exit stop set ES @ 1001 «« paper »»
	:)	11:13
	Covered all Short ES at 1000 --> + 2.5 «« paper »»
<+silo>	Long YM @ 9358	11:15
<+sav>	crazy stuff again :)	11:16
<+szubaark>	yes,fast tape=HUGE STOPS LOL
<+sav>	i get the feeling that a big bounce will come some time soon	11:17
	or i could be completely wrong :)
<+AustinJM>	There is a bullish hammerline on the 10 min NQ	11:18
<+sav>	looks like es isnt keen to stay below 1000
<+silo>	Exited all YM Long @ 9357 --> - 1	11:20
	hehe got a little greedy :)	11:21
<@NihabaAshi>	All you indicators (macd, stoch or whatever) should be getting all kinds of divergence signals by now :)
	Be careful...that stuff lags big time when the volatility is high.
<+AustinJM>	im going long NQ at 1406.75	11:22
<+silo>	Long YM @ 9363	11:24
<+szubaark>	silo, 3pt spread on YM?
	geezzz	11:25
<+silo>	with the earlier dip
	hopefully this time it will go higher
	:)
<+sav>	Long NQ @ 1394.00
	Exited all NQ Long @ 1397.00 --> + 3
	almost stopped out on that one	11:26
<+silo>	Exited 1/2 YM Long @ 9421 --> + 58
	Exited Remainder YM Long @ 9456 --> + 93	11:28
	5x daily profit reached
<+AustinJM>	what are you quoted at right now silo?	11:29
<+sav>	silo well done
<+silo>	today's profit?
<+AustinJM>	Real-time price of YM
* codehead_afk	is now known as codehead	11:30
<+silo>	YM is at 9440
	right now
<+AustinJM>	yea see somethings up, im quoted at 9398
	have to reconnect when that happens	11:31
<@NihabaAshi>	Anyone in here using Fib numbers to help with their trading ???
<+T-stop>	y
<palmer>	i yes
<@NihabaAshi>	Cool
<+Maximus>	ill look at retracements occasionally
<@NihabaAshi>	I'm asking a bunch of questions for the indicator divergence folks, candlestick folks, fib folks et cetera so that others may know whom in here they share commonalities with.	11:32
<+szubaark>	Ill look at the main .50 and .61	11:33
<+AustinJM>	LONG NQ @ 1406.75
<@NihabaAshi>	I will soon require members to post a "Trader Profile" with just GENERAL info about their method or style without going into any specifics.
<+Maximus>	good idea Niha	11:34
<@NihabaAshi>	Yeah because I get some emails by members asking me whom are the other members that have a particular trading approach similar to their own.	11:35
	That trader profile should help the curiosity of many and possibly setup some traders to get together in private message to discuss some things they are seeing in realtime.
	I also know there's a few AHG folks in here.	11:36
<+silo>	missed this short hehe
<+szubaark>	also some CCI people looking to move forward with their trading
<@NihabaAshi>	szu...correct	11:37
	I'm aware of a few CCI folks trading those indicator divergences in ES / NQ	11:38
	On that note: Password is schedule to change on November 1st.
	The new password will ONLY be given to those that post a brief "Trader Profile" at the discussion forum.	11:39
	Nobody is exempt
<+Maximus>	got it
<@NihabaAshi>	I'll start posting reminders in the last week of October a few times each day.
<+szubaark>	Niha when did u last Update your Profile? I noticed it changes often as u went from Indicators/Volume to Price Action Only	11:40
<@NihabaAshi>	szu...my last update in the public profile was January 3rd 2007 :)	11:41
	http://thestrategylab.com/forum/index.ph p?board=32.0
	That's the thread where ALL in here will be require to post a trader profile.
	I'll update my soon today because it refers to me trading ER2 which I no longer trade it...I now trade ES.	11:42
<+szubaark>	Buys ES @ 1012.75 «« paper »»	11:43
	tightening Stop
	exit stop moved to breakeven ES @ 1012.75 «« paper »»	11:44
<@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.
<+szubaark>	Volatility declining :(
	Exited all Long ES at 1012.75 --> 0 «« paper »»	11:45
	Buys ES @ 1014.75 «« paper »»
	Volatility Increasing :)	11:46
	exit stop moved to breakeven ES @ 1014.75 «« paper »»
<+silo>	Shorts YM @ 9491	11:48
	Covered all YM Short @ 9508 --> - 17	11:49
	Shorts YM @ 9492	11:50
<+AustinJM>	I have the best luck trading tape on TF	11:51
<+szubaark>	Exited all Long ES at 1016 --> + 1.25 «« paper »»	11:53
<+silo>	Covered 1/2 YM Short @ 458 --> + 9034	11:54
	99458
<+Maximus>	lol
<+szubaark>	lol
<+AustinJM>	not bad silo
<+Maximus>	take the rest of of the year off ha
<+traderguy>	wtg silo
<+silo>	Covered Remainder YM Short @ 9458 --> + 34	11:55
	the other half was at the same price too	11:56
	so +34
	6x daily profit reached
	short by 64 bucks... but close enough
<+sav>	Long NQ @ 1412.25	11:58
	Exited all NQ Long @ 1412.25 --> 0	12:00
<+szubaark>	Shorts ES @ 1012 «« paper »»
<+sav>	Shorts NQ @ 1407.25
	Covered all NQ Short @ 1404.25 --> + 3
<+szubaark>	ltightening Stop	12:01
	exit stop moved to breakeven ES @ 1012 «« paper »»
<@NihabaAshi>	Thanks to the few that has already posted a "trader profile" !!!	12:02
	I've updated my profile to current
	http://thestrategylab.com/forum/index.ph p?board=32.0
<+Maximus>	can you post a link	12:03
	nvm, got it	12:04
<+silo>	you're into photography too eh?
<+AustinJM>	there are other photographers here?
<+silo>	i like photography	12:05
	am thinking of doing underwater photography
<+AustinJM>	i'd like to look at your work, private message me the link
<+silo>	i love scuba diving
	i dont have any work
	dont even have a digital camera haha
	when i do get one it's going to be a nice one though
	:D
<+Maximus>	i think Niha is into photography
<+silo>	underwater housings and lights are very expensive though
<+AustinJM>	yea they are	12:07
	almost the cost of camera. A good one anyways, with a decent seal and good button layout	12:08
<+szubaark>	Covered all Short ES at 1008.50 --> + 3.5 «« paper »»	12:09
<+AustinJM>	after that 9000+ pt gain you should be able to pick one up
<+sav>	Long NQ @ 1409.25	12:10
<@NihabaAshi>	Long ES @ 1011.25 -> small size	12:11
	2 only
<+silo>	Shorts YM @ 9437
<+AustinJM>	LONG TF @ 562.1
<+sav>	Exited all NQ Long @ 1407.25 --> - 2	12:12
<+silo>	Covered all YM Short @ 9448 --> - 11	12:13
<@NihabaAshi>	Exited all ES Long @ 1011.75 --> + 0.5	12:14
	:(
	Thought for sure I'll get a 1015.25
<+sav>	Shorts NQ @ 1405.00	12:15
<+silo>	Shorts YM @ 9428	12:17
	Covered all YM Short @ 9443 --> - 15
<+sav>	Covered all NQ Short @ 1407.00 --> - 2	12:18
	taking a break
<+silo>	just gave back 250 bucks
	me too :)
<@NihabaAshi>	Long ES @ 1013.75 -> small size	12:19
	1 only	12:20
	:(
<+szubaark>	Volatility decreasing	12:21
<@NihabaAshi>	Yep
	reason why trading is becoming a little more difficult for me
<+szubaark>	Dangerous territory to be in a trade
	ES is forming some type of Congestion formation, WEDGE,Triangle,Rectangle,Ross ladder or whatever the heck you wanna call it	12:22
<+AustinJM>	Mine turned into a 3d formation ;-)	12:23
<@NihabaAshi>	Exited ES Long @ 1014.25 --> + 0.5	12:27
	Houdini Escape
<+silo>	Shorts YM @ 9422	12:34
	1 contract
	Covered all YM Short @ 9453 --> - 31	12:35
	1 contract only
<+AustinJM>	Long TF @ 562.2 / Exit @ 563.1
<+szubaark>	is TF ER2?
<+AustinJM>	TF
	ER2 is no longer a ticker	12:36
<+silo>	yes
<+AustinJM>	it changed symbols when it moved exchanges i believe
<+silo>	wow we still have 4 more hours of trading?
	lol
<+AustinJM>	Tame the greed beast silo haha
<+silo>	haha yeah	12:37
	i'm gonna relax a little
<+AustinJM>	Good idea
	im 25 dollars from daily profit target	12:38
<+silo>	nice
	Shorts YM @ 9480	12:40
	1 contract only
	Shorts YM @ 9475 -> Add	12:41
<+AustinJM>	daily profit target reached	12:43
<Kalle>	AustinJM, is your daily profit target on a per contract basis?`	12:44
<@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>	No Kalle, haha actually i calculated mine on what i expect to make at a job right out of college and doubled that	12:45
	so technically if i reach my daily profit target, i made 2x as much as i would have sitting at a desk	12:46
	My profit target is overall PnL for the day
<+silo>	Covered all YM Short @ 9481 --> - 7	12:47
<+Kalle>	ok, thx :)
<+silo>	funny i do the same	12:48
	a typical job for a undergrad right out of college would be around 250 bucks a day
	60k
	for an average position at an average job
<+szubaark>	depends what Statw
	State
	cost of living is higher in Boston then Tennesse	12:49
<@NihabaAshi>	Long ES @ 1021.00 -> small size
	3 only
<+AustinJM>	haha silo 250 bucks a day for a college grad is generous
<+szubaark>	no kidding
<+AustinJM>	For VT anyways
<+szubaark>	maybe in Cali or NY
<+silo>	some of my friends are making ridiculous loot right now
	of course they work at the investment firms and goldman sachs	12:50
	lol
	like one kid makes 700k a year
<@NihabaAshi>	Exited all ES Long @ 1022.25 --> + 1.25
<+AustinJM>	they are actually hiring? haha	12:51
<+silo>	well they've worked for a few years already
	i graduated in 2004
<+szubaark>	mom and pops work there also? LOL
<+silo>	no	12:52
	this one kid is real smart
	studied medical, then worked at one of the top consulting firms for like 2-3 years	12:53
	now working at an investment firm
<+AustinJM>	fits the profile
<+szubaark>	Shorts ES @ 1015.75 «« paper »»	12:54
<+Kalle>	short ES @ 18.5	12:56
	out ES @ 17.5 -> + 1	12:57
	out ES @ 16.5 -> + 2
<+silo>	man this is the short i wanted	12:58
	but i was too early :)
<+Kalle>	out ES @ 14.5 -> + 4
<+szubaark>	tightening stop	12:59
	exit stop set ES @ 1018 «« paper »»
<+silo>	boy oh boy	13:00
	i was too early for this one
	:\
<+Kalle>	flat ES @ 12.25 --> + 6.25
	reverse long ES @ 12.25 small
<+szubaark>	tightening stop	13:01
	exit stop moved to breakeven ES @ 1015.75 «« paper »»
<+Kalle>	flat ES @ 13.0 -> + 0.75
<+szubaark>	Weak Support Area	13:03
	Covered all Short ES at 1015.75 --> 0 «« paper »»	13:06
<MK>	Shorts ES @ 1041.75 -> Add «« paper »»	13:07
<+silo>	Shorts YM @ 9413	13:12
<@NihabaAshi>	Shorts ES @ 1011.00 -> small size
<+szubaark>	Shorts ES @ 1011 «« paper »»
<@NihabaAshi>	1 only
<+silo>	Covered all YM Short @ 9430 --> - 17	13:13
<+szubaark>	tightening stop
	exit stop set ES @ 1014 «« paper »»
<+MK>	Covered all ES Short @ 1013 --> - 16.25 «« paper »»
<+szubaark>	Covered all Short ES at 1014 --> - 3 «« paper »»
<@NihabaAshi>	Covered ES Short @ 1014.00 --> - 3	13:14
<+szubaark>	Buys ES @ 1014.25 «« paper »»
	Exited all Long ES at 1014.25 --> 0 «« paper »»	13:15
	:((
<+silo>	Shorts YM @ 9420	13:16
	1 only
<+szubaark>	Shorts ES @ 1012.25 «« paper »»
	trying AGAIN
<@NihabaAshi>	Shorts ES @ 1012.00 -> small size
	2 only
<+silo>	Shorts YM @ 9400 -> Add	13:17
<@NihabaAshi>	Covered all ES Short @ 1011.75 --> + 0.25	13:19
<+szubaark>	exit stop moved to breakeven ES @ 1012.25 «« paper »»
	Covered all Short ES at 1012.25 --> 0 «« paper »»	13:20
	Shorts ES @ 1011 «« paper »»	13:22
	exit stop set ES @ 1013 «« paper »»	13:23
	tightening stop	13:24
	exit stop moved to breakeven ES @ 1011 «« paper »»
	Volatility Spike
<@NihabaAshi>	Shorts ES @ 1010.25 -> medium size	13:25
	4 only
<+szubaark>	easy to get shaken out as we creep lower on declining Volatility :((	13:26
	Covered all Short ES at 1011 --> 0 «« paper »»
	Shorts ES @ 1010 «« paper »»	13:27
<@NihabaAshi>	weak support trying to form	13:28
<+szubaark>	tightening stop
	exit stop moved to breakeven ES @ 1010 «« paper »»
	Covered all Short ES at 1010 --> 0 «« paper »»	13:29
	geezzz
<@NihabaAshi>	Covered all ES Short @ 1009.75 --> + 0.5
<+szubaark>	Buys ES @ 1011 «« paper »»	13:31
<oaktree>	buy ym 9403 paper
<+szubaark>	tightening stop	13:32
<+silo>	Covered all YM Short @ 9414 --> - 8
<+szubaark>	exit stop moved to breakeven ES @ 1011 «« paper »»
<+silo>	that sucked :(
<+oaktree>	out ym 9440	13:35
<+szubaark>	Exited all Long ES at 1011.50 --> + 0.5 «« paper »»	13:38
<@NihabaAshi>	Long ES @ 1011.75 -> small size	13:39
	1 only
	Exited ES Long @ 1009.75 --> - 2
	Reverse and Enter Short ES @ 1009.75
	reversed into 3 contract Short	13:40
<+szubaark>	Shorts ES @ 1008.25 «« paper »»
<+silo>	man i missed all the major moves today :(
<+szubaark>	its just zig-zagging back and forth, hopefully we get a move soon
<+AustinJM>	silo you made 9000 earlier, its ok :)	13:41
<+szubaark>	lol
<+T-stop>	lamo	13:42
	lol
<+szubaark>	tightening stop	13:43
	exit stop moved to breakeven ES @ 1008.25 «« paper »»
<@NihabaAshi>	Covered 2/3 ES Short @ 1006.25 --> + 3.5	13:44
<+szubaark>	Covered all Short ES at 1006.50 --> + 1.75 «« paper »»
<+palmer>	short ES 1007.50
<@NihabaAshi>	Covered Remainder ES Short @ 1009.00 --> + 0.75	13:45
<+silo>	Shorts YM @ 9385	13:48
* Kalle	is now known as Kalle_away	13:50
<@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.
<+oaktree>	buy ym 9389 paper	13:52
<@NihabaAshi>	Long ES @ 1010.25 -> small size
	2 only
	Exited ES Long @ 1008.25 --> - 2
<+oaktree>	out ym 9363 paper	13:53
<+AustinJM>	Long 4.75 ES	13:55
<@NihabaAshi>	Shorts ES @ 1005.25 -> small size
	3 only
<+silo>	Covered 1/2 YM Short @ 9936 --> - 551
	eh?
	out 9936 half
<+szubaark>	Shorts ES @ 1002.50 «« paper »»	13:56
	chasing
<+AustinJM>	1000 test
<+silo>	Covered Remainder YM Short @ 9330 --> + 55
	first half was out at 9336	13:58
	+51	13:59
<@NihabaAshi>	tighten trail @ profit
	Covered all ES Short @ 1004.75 --> + 0.5	14:01
<+szubaark>	Covered all Short ES at 1005.25 --> - 2.75 «« paper »»
<+AustinJM>	how times your daily profit are you silo?
<+szubaark>	paid price for chasing	14:02
	One more sloppy mistake and Im done trading
<+silo>	what's up austin?
	i'm up 250 bucks shy of 6x daily profits	14:03
	meant to say. i'm 250 shy of 6x daily profits
<+szubaark>	Shorts ES @ 1003 «« paper »»	14:04
<@NihabaAshi>	Shorts ES @ 1002.00 -> small size
	3 only
<+szubaark>	exit stop moved to breakeven ES @ 1003 «« paper »»	14:05
<+oaktree>	buy ym 9304 paper
<@NihabaAshi>	trailing stop tighten @ profit
<+szubaark>	NQ needs to break here	14:06
<+oaktree>	out ym 9273 paper	14:07
<@NihabaAshi>	tighten trail more	14:08
<+AustinJM>	nice
<@NihabaAshi>	Covered all ES Short @ 998.75 --> + 3.25	14:09
<+silo>	Long YM @ 9285	14:10
	1 contract only
	Exited all YM Long @ 9272 --> - 13
<+szubaark>	exit stop set ES @ 998.25 «« paper »»
<@NihabaAshi>	Shorts ES @ 994.00 -> small size	14:11
	2 only
	:(
<+szubaark>	Covered all Short ES at 993.25 --> + 9.75 «« paper »»
<+silo>	Long YM @ 9927	14:12
<@NihabaAshi>	Covered all ES Short @ 990.75 --> + 3.25
<+silo>	1 contract only
	Long YM @ 9927 -> Add	14:13
	Exited 1/2 YM Long @ 2955 --> - 6972	14:14
	eh?
	out 9255
<+szubaark>	ahahah
<+silo>	my bad
<+AustinJM>	ouch, now you're only up 4000	14:15
<+palmer>	cover ES +12.50 @995	14:16
	short es 992	14:17
<+silo>	Exited Remainder YM Long @ 9930 --> + 3
<@NihabaAshi>	Shorts ES @ 987.75 -> small size	14:18
	2 only
	geeesh
	like the damm broke or something
<+AustinJM>	ya seriously	14:19
<+silo>	Long YM @ 9189
	1 only
<@NihabaAshi>	trailing stop @ profit	14:20
<+silo>	Long YM @ 9180 -> Add
	2 now
<+szubaark>	Like FOMC day	14:21
<+T-stop>	agree
<@NihabaAshi>	Covered all ES Short @ 987.25 --> + 0.5	14:22
<+palmer>	cover es+5 987
<+silo>	Exited 1/2 YM Long @ 9223 --> + 43	14:23
	exit stop set YM @ 9184	14:25
	breakeven stop
<+sav>	Long NQ @ 1377.00	14:28
<+palmer>	short es 992.50
<+sav>	Exited all NQ Long @ 1380.00 --> + 3
<+silo>	Exited Remainder YM Long @ 9240 --> + 51	14:29
	boy do i look like a fool getting out of that half :)	14:30
<AustinM>	A fool making money
<+MK>	Long ES @ 990.5 «« paper »»	14:35
<+sav>	Shorts NQ @ 1371.00	14:41
<+MK>	Long ES @ 985.5 -> Add «« paper »»	14:42
<+sav>	Covered all NQ Short @ 1368.00 --> + 3
<+silo>	we just broke a support here	14:46
<+sav>	well so much for market recovery :)
<+palmer>	cover es+12	14:47
	980.5
	short es 978	14:53
* +silo	is done for the day	14:55
<+oaktree>	buy ym 97.70 paper
<+MK>	Long ES @ 979.75 «« paper »»	14:56
<+sav>	Shorts NQ @ 1356.5	14:58
<+MK>	Long ES @ 976 -> Add «« paper »»
<+sav>	Covered all NQ Short @ 1356.25 --> + 0.25
<@NihabaAshi>	Shorts ES @ 985.50 -> small size	15:06
	2 only
<+oaktree>	out spy 98.2 paper	15:07
<@NihabaAshi>	Hangman appeared a little too late :(	15:08
* Tintin	: hi all
<+sav>	Long NQ @ 1371.5	15:09
<@NihabaAshi>	Covered all ES Short @ 987.50 --> - 2
<+sav>	exit stop raised NQ @ 1371.75
<+MK>	Exited all ES Long @ 989.75 --> + 23.75 «« paper »»	15:10
<+sav>	Exited all NQ Long @ 1380.5 --> + 9
* +Tintin	: i disturb u all a bit, here something for us traders - http://cjoint.com/data/kovhfgi6UG.htm	15:11
<@NihabaAshi>	Long ES @ 991.75 -> small size
	2 only
	geeesh	15:12
<+sav>	looks like that last hour blast off again
<@NihabaAshi>	Exited all ES Long @ 994.00 --> + 2.25	15:13
* +Tintin	----[ shorts es @ 996.50 ]----	15:14
<@NihabaAshi>	Long ES @ 996.50 -> small size
	1 only
<+szubaark>	Shorts ES @ 994.50 «« paper »»	15:15
<+Bambam-77>	97 for 93
<@NihabaAshi>	Exited ES Long @ 993.50 --> - 3
<+Bambam-77>	93 for 89	15:16
<+szubaark>	exit stop set ES @ 994 «« paper »»
	tight stop
<+Tintin>	cover es 994.5 +2	15:17
<+szubaark>	tightening Stop	15:18
	exit stop set ES @ 993.25 «« paper »»
<+Maximus>	short ES 991.00	15:19
	out ES 993 -2	15:20
<+szubaark>	Covered all Short ES at 993.25 --> + 1.25 «« paper »»
	Buys ES @ 996.50 «« paper »»	15:22
	Exited all Long ES at 992.50 --> - 4 «« paper »»	15:23
<+AustinM>	ha, im getting slippage in the sim
<+szubaark>	Shorts ES @ 991 «« paper »»
	tightening Stop	15:24
	exit stop set ES @ 992 «« paper »»
	Covered all Short ES at 992 --> - 1 «« paper »»	15:26
<+Bambam-77>	93 for 89	15:27
<@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>	Shorts ES @ 990.25 «« paper »»
	Covered all Short ES at 994 --> - 3.75 «« paper »»	15:29
	Buys ES @ 996 «« paper »»
	crazy 3:30 action	15:30
<+sav>	Long NQ @ 1383.25
<+szubaark>	exit stop moved to breakeven ES @ 996 «« paper »»
<+sav>	exit stop raised NQ @ 1383.5
<+MK>	Long ES @ 1001.75 «« paper »»
<@NihabaAshi>	Long ES @ 1003.50 -> small size	15:31
	2 only
<+MK>	Exited all ES Long @ 1003.75 --> + 2 «« paper »»
<+szubaark>	Exited all Long ES at 1007.50 --> + 11.5 «« paper »»
<+sav>	Exited all NQ Long @ 1392.25 --> + 9
<+szubaark>	Im done.
<+MK>	Shorts ES @ 1005.5 «« paper »»	15:32
<@NihabaAshi>	Exited all ES Long @ 1004.00 --> + 0.5
<+MK>	Covered ES Short @ 1002.75 --> + 2.75 «« paper »»	15:33
	Reverse and Enter Long ES @ 1002.75 «« paper »»
<+szubaark>	i think i had my biggest winning day today thanks to this Volatility	15:37
<+AustinM>	well im glad im trading paper	15:38
	i've managed to call the top and bottom of about every candle.
	too bad i was in the wrong trade
<+szubaark>	Austin, u trade real?
<+AustinM>	no
<+szubaark>	i thought u switch back and forth	15:39
<+AustinM>	Nope, i haven't been able to get ahold of my broker
	I left him a voicemail earlier today, not picking up his phone he's afraid of me
<+szubaark>	why?
<+AustinM>	I have no idea why, i emailed him the documents he requested to open the account and i haven't heard back from him since
<+MK>	Long ES @ 993.75 -> Add «« paper »»	15:40
<+AustinM>	if he went on vacation im going to be pretty irritated
<+MK>	Exited all ES Long @ 1002.25 --> + 8 «« paper »»	15:42
<+sav>	Long NQ @ 1387.75	15:45
	exit stop raised NQ @ 1388.00
	Exited all NQ Long @ 1388.00 --> + 0.25	15:46
<+oaktree>	buy ym 9328 paper	15:49
<+MK>	Long ES @ 1001.75 «« paper »»	15:50
<+oaktree>	out ym 9312 paper	15:51
<+AustinM>	i can't believe sim slips	16:00
<+sav>	Shorts NQ @ 1368.00
	exit stop lowered NQ @ 1367.75
	Covered all NQ Short @ 1359.00 --> + 9	16:01
	great last hour done for the day :)
<werner1>	gn all	16:03
<+Maximus>	gn all	16:07
<+szubaark>	they gonna close it at 1000	16:08
<+AustinM>	haha seems like i was the only one who was unable to figure it out today	16:09
	have a great evening everyone
* +Tintin	: bye all	16:22
<@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: Wed Oct 15 00:00:00 2008	22:08
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)

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 TF (formerly CME 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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