#FuturesTrades October 15th Wednesday 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: Wed Oct 15 09:22:41 2008Session Ident: #futurestrades
* Now	talking in #futurestrades	09:22
<@X>	[NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<Maximus>	gm nihaba
<PapaJon>	gm all	09:23
<@NihabaAshi>	Good morning all	09:25
	Shorts ES @ 980.50 -> small size	09:26
	3 only
<futurible>	gm all	09:27
<LumenPharmer>	gm all
<drt>	gm	09:28
<+Maximus>	Short ES 980.00	09:31
<+silo>	Shorts YM @ 9179
<@NihabaAshi>	trailing stop @ profit
<+Maximus>	Out ES 976.00	09:32
	+4
<@NihabaAshi>	lowered trailing stop again
<+silo>	Covered 1/2 YM Short @ 9139 --> + 40	09:33
<@NihabaAshi>	Covered all ES Short @ 973.75 --> + 6.75
<+silo>	Covered Remainder YM Short @ 9130 --> + 49	09:34
<+Maximus>	nice guys
	Bernanke speaking at 12:15 ET	09:35
<+silo>	10am news also
<ripsboy>	gm all...
<+silo>	Long YM @ 9187	09:36
	Exited all YM Long @ 9178 --> - 9	09:37
	gonna wait a bit now	09:38
	choppy open
<@NihabaAshi>	Shorts ES @ 972.00 -> small size	09:40
	3 only
	trailing stop @ profit
	Covered all ES Short @ 971.75 --> + 0.25	09:42
	Shorts ES @ 973.00 -> small size	09:44
	3 only
	too jumpy	09:46
<+silo>	Shorts YM @ 9098
<@NihabaAshi>	Covered all ES Short @ 971.25 --> + 1.75	09:47
	Shorts ES @ 968.25 -> small size	09:49
<+silo>	Covered 1/2 YM Short @ 9054 --> + 44
<@NihabaAshi>	3 only
<+silo>	Covered Remainder YM Short @ 9064 --> + 34	09:50
<@NihabaAshi>	:(
<szubaark>	Shorts ES @ 967.25 «« paper »»
<+szubaark>	Covered all Short ES at 971 --> - 3.75 «« paper »»	09:51
	Buys ES @ 971 «« paper »»
<@NihabaAshi>	Covered all ES Short @ 970.75 --> - 2.5
	Shorts ES @ 969.50 -> small size	09:53
	3 only
<+szubaark>	Exited all Long ES at 968 --> - 3 «« paper »»
<oaktree>	buy ym 9071 paper	09:54
<sav>	this is horrible stuff
<@NihabaAshi>	trailing stop @ profit
<+szubaark>	Shorts ES @ 966.50 «« paper »»
<@NihabaAshi>	still jumpy price action
<werner1>	gm all	09:55
<@NihabaAshi>	Covered all ES Short @ 968.50 --> + 1
<+szubaark>	Covered all Short ES at 969.50 --> - 3 «« paper »»
	geezzz
	Buys ES @ 970 «« paper »»	09:56
<+silo>	just dont trade everything you see szu
	it will take you 5 trades to catch that one move you want
<+szubaark>	thats nature of the beast
<+silo>	and most often that that move wont be enough to cover the cost of trading in the chop before the breakout
	often time
<+oaktree>	close ym 9082 paper	09:57
<T-stop>	business inv #'s @ :00
<+szubaark>	tightening stop	09:58
	exit stop moved to breakeven ES @ 970 «« paper »»
	Exited all Long ES at 970 --> 0 «« paper »»	10:00
<+werner1>	gm all
<+szubaark>	terrible Chop
<+Maximus>	gm werner
<+werner1>	hi maximus	10:01
<+szubaark>	Shorts ES @ 964.50 «« paper »»	10:09
	Covered all Short ES at 968.25 --> - 3.75 «« paper »»	10:10
	:(((
	Buys ES @ 968.75 «« paper »»	10:11
	this is bad action	10:12
<+silo>	dont trade it :)	10:13
<+oaktree>	buy ym 9048 ppaer	10:14
<+szubaark>	Exited all Long ES at 966.25 --> - 2.5 «« paper »»
<+silo>	we'll probably head lower once nasdaq fails to support the market
	or go up if it does? :)
<+szubaark>	Shorts ES @ 965 «« paper »»	10:15
<+Maximus>	naz trending up very slightly.. es, ym and emd slightly down	10:16
<+szubaark>	tightening stop	10:17
	exit stop moved to breakeven ES @ 965 «« paper »»	10:18
	Covered all Short ES at 965 --> 0 «« paper »»
<+sav>	wow this is terrible	10:19
<+Maximus>	shoort YM 8995
<+szubaark>	easy to get frustrated type of action
<@NihabaAshi>	szu...when you are saying to yourself this price action is NOT GOOD...
<+oaktree>	out ym 8996 paper
<+silo>	you should trade less
	:)
	stick to your plan and your belief, otherwise you're just letting the market control your action :)	10:20
<@NihabaAshi>	Do not trade it because you are already within a particular mental state about the price action
<+silo>	8941 is a support for ym
<@NihabaAshi>	Simply...trade it if only you think the price action is GOOD for you.
<pat255>	good point guys
<+sav>	i dont think this price action is good for anyone :)	10:21
<+Maximus>	out YM 9010 - 15
<@NihabaAshi>	It's good for me :)
<+silo>	it's good for trend traders
	rather, it doesn't matter to them
<@NihabaAshi>	Regardless...if someone doesn't like the price action at a particular moment and then trades it...
	That's a discipline problem and not a price action problem.	10:22
<+Maximus>	precisely
<+sav>	true
<+silo>	anyone wanna sign up for my Disciplined traders seminar
<+sav>	i know i battle with that
<+silo>	it's only 5 dollars a head
<+Maximus>	lol
<+silo>	:D
	i'm getting a little better at controling emotions now	10:23
	only a few trades today so far
<+Maximus>	welcome class.. "stick to your rules and do not deviate" .. let me show you the door
<+silo>	vs. yesterday
	yes... that will sum up the first class	10:24
	second class will be: "
	"reapeat it 30 times in your mind"
<+Maximus>	yup
<+silo>	class 3 will be "visualize success"
	class 4: cash in your money	10:25
<+Maximus>	class 5? : assuming you have a profitable strategy, each loss you take is one step closer to a winning trade
<+silo>	class 5: how to identify good luxury yachts at bargain prices	10:26
<+Maximus>	:D
	sunseekers yah?
<+silo>	:)	10:27
<+Maximus>	pickin up	10:31
<@NihabaAshi>	Long ES @ 966.75 -> small size	10:32
	3 only
<+szubaark>	Buys ES @ 966.25 «« paper »»	10:33
<@NihabaAshi>	Lets see if ES can get "jumpy" and tag 968.75	10:34
<+Maximus>	there u go niha
<pdays>	Long ES @ 967.5	10:35
<+pdays>	Exited all ES Long @ 968.5 --> + 1
<@NihabaAshi>	Exited all ES Long @ 970.75 --> + 4
* Tintin	: hi all	10:36
<+szubaark>	exit stop moved to breakeven ES @ 966.25 «« paper »»	10:37
<+silo>	Shorts YM @ 9059	10:38
	only 1 contract
<+szubaark>	Exited all Long ES at 966.25 --> 0 «« paper »»
<@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>	Shorts ES @ 967.75 «« paper »»	10:41
<+silo>	Covered all YM Short @ 9025 --> + 34	10:42
	1 contract only though
<+szubaark>	tightening stop	10:43
	exit stop moved to breakeven ES @ 967.75 «« paper »»
<+silo>	8941	10:44
	support
<+szubaark>	Volatility spike
<+silo>	Long YM @ 8981	10:48
	1 contract only
	widening stop
	to 30pts instead of 15pts	10:49
	since it's onyl 1 contract
	isntead of 2
	Exited all YM Long @ 8960 --> - 21
<+szubaark>	Covered all Short ES at 955.75 --> + 12 «« paper »»
<+silo>	Long YM @ 8954	10:50
	same thing
	1 contract only	10:51
	Long YM @ 8969 -> Add	10:54
* +Tintin	----[ buys cac40 @ 3401 ]----
	----[ buys tf @ 530.9 ]----
<+silo>	Exited all YM Long @ 8960 --> - 3	10:56
	good try though
	too much selling pressure
	could've gotten out with decent profit... but it could've gone way up	10:57
<+Maximus>	silo what platform are you on
* +Tintin	----[ buys es @ 954.25 ]----
<+silo>	oh well
<@NihabaAshi>	sell stop to enter short ES @ 953.50
<+silo>	i'm using tradestation for charting
	and openEcry for executions
<+Maximus>	ah okay
<@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
<@NihabaAshi>	Shorts ES @ 953.50 -> small size	10:58
	3 only
<+silo>	gonna smoke a cig. brb. if this level breaks we could go down to 8860 area	10:59
	will take this day very carefully and slowly
	still have 5 more hours
<+szubaark>	Shorts ES @ 952.75 «« paper »»	11:00
<@NihabaAshi>	Covered all ES Short @ 953.00 --> + 0.5	11:02
	lost my patience
<+Maximus>	alot of chop in that 93.50 area
	inflection point perhaps	11:03
<@NihabaAshi>	Be back later...
<+szubaark>	Covered all Short ES at 952.50 --> + 0.25 «« paper »»
	gonna step away, cant watch this crap anymore
<@NihabaAshi>	taking an early lunch and will get some extra rest after a night of only 3 hrs sleep.	11:04
* szubaark	is now known as szubaark_away
<+Maximus>	:(
<+pat255>	hmm trade all night ? lol
* NihabaAshi	is now known as NihabaAshi_away
<+silo>	Long YM @ 8950	11:07
	1 contract
	Long YM @ 8958 -> Add	11:08
<+Maximus>	he had forum problems pat	11:09
<+silo>	exit stop set YM @ 8955	11:11
	breakeven
	try to stay in longer and capture bigger moves with these top and bottom picks	11:13
	set to breakeven now
	almost got hit	11:14
	lol
* +Tintin	----[ covers tf @ 531.9 +1 ]----	11:15
	----[ covers es @ 957.25 +3 ]----
<+silo>	come on just go up	11:21
	:)
	Exited all YM Long @ 8955 --> + 2	11:22
	Long YM @ 8971	11:23
	1 contract
	Exited all YM Long @ 8940 --> - 31	11:24
	1 contract only
	price just doesn't want to go up at all lol	11:25
<+Maximus>	short fesx 2557
<+silo>	i'm shooting for only 1 time daily profit today :)
	Long YM @ 8339	11:26
	1 only
	Long YM @ 8945 -> Add	11:28
	now got a normal size	11:29
	maybe i should have less expectations for these long so i dont stay in for too long hehe	11:30
	:)
<+Maximus>	odd.. equity indicies are following a positive correlation with the treasury futures	11:32
	naturally its usually negative
<+silo>	Exited 1/2 YM Long @ 8970 --> + 25	11:35
	not gonna give back my profits again
	hehe
	the last long was pretty decen too but i let it come back to breakeven :(
<+Maximus>	what about implementing a b/e +1	11:36
	just to cover commish
<+silo>	Long YM @ 8985 -> Add	11:37
* +Tintin	----[ buys es @ 955.75 ]----	11:38
<Guest>	Long ES @ 957 -> Add «« paper »»	11:41
* +Tintin	----[ covers es @ 958.75 +3 ]----
<+silo>	Exited 1/2 YM Long @ 9005 --> + 20
	Exited Remainder YM Long @ 8990 --> + 651	11:42
	eh?
<+Maximus>	lol
<+silo>	dont know what screwed up	11:43
	Shorts YM @ 8998
<+Maximus>	sell stop nq 1327.50	11:44
	out NQ 1325.50 +2	11:46
<+silo>	Covered 1/2 YM Short @ 8974 --> + 24
	exit stop set YM @ 8998	11:48
	set at breakeven for remaining half	11:49
<+Maximus>	bernanke in 25 min
<+silo>	k	11:50
	thanks maximus
<+Maximus>	np
* codehead_afk	is now known as codehead	11:52
<+silo>	Covered Remainder YM Short @ 8998 --> 0	11:55
	Shorts YM @ 8998
	1 only	11:56
* +Tintin	: lunchtime ... bbl	11:57
<+silo>	risk and reward notthat great here.. will exit soon	11:58
	Covered all YM Short @ 8997 --> + 1	12:01
	Long YM @ 9022	12:02
<+szubaark_away>	Shorts ES @ 958 «« paper »»	12:05
* szubaark_away	is now known as szubaark
<+silo>	Exited all YM Long @ 9025 --> + 3	12:06
	wtf
	oh wait
	that's not right
	Exited all YM Long @ 8990 --> - 32
	man market is tough today
<+szubaark>	yup
<+Guest>	Long ES @ 957.25 -> Add «« paper »»	12:07
<+T-stop>	mky waitin for Ben, dead zone as well	12:08
<+szubaark>	Covered all Short ES at 958.25 --> - 0.25 «« paper »»	12:09
	Shorts ES @ 956.75 «« paper »»
	exit stop moved to breakeven ES @ 956.75 «« paper »»	12:19
	tightening Stop	12:21
	exit stop set ES @ 956.25 «« paper »»
<+Maximus>	bernanke on	12:23
<+szubaark>	Covered all Short ES at 950 --> + 6.75 «« paper »»	12:24
<ddoonie>	good job szubaark
<+szubaark>	thnx
<+silo>	Long YM @ 8940	12:26
	Exited YM Long @ 8927 --> - 13
	Long YM @ 8929	12:28
<+Guest>	Long ES @ 951 -> Add «« paper »»	12:29
<+Maximus>	long ES 951.50	12:30
	out ES 952.50 +1	12:31
<+szubaark>	Shorts ES @ 953.25 «« paper »»	12:34
<+Maximus>	alot of buying pressure szu	12:35
<+silo>	Exited all YM Long @ 8959 --> + 30
<+szubaark>	exit stop set ES @ 955.25 «« paper »»	12:36
<+silo>	Shorts YM @ 8960
<+szubaark>	Tight Stop
	Covered all Short ES at 955.25 --> - 2 «« paper »»
	Shorts ES @ 953.50 «« paper »»	12:38
	trying again	12:39
<+silo>	Covered all YM Short @ 8970 --> - 10
	:(	12:40
<+szubaark>	Covered all Short ES at 956.50 --> - 3 «« paper »»
<+silo>	not trading well today :(
<+szubaark>	sneaky frikin market today
	lots of games being played	12:41
<@X>	#FuturesTrades Info -> Some members (including me) explain basic details about their trades posted in #FuturesTrades @ http://thestrategylab.com/forum/index.ph p?board=58.0 and there's a link there to take you to #FuturesTrades archived logs if you're interested in reviewing past trades or market commentary posted in #FuturesTrades.
<+szubaark>	they just whacked it 15 points after new lows LOL
<+silo>	Shorts YM @ 9008	12:42
<+szubaark>	Shorts ES @ 958.25 «« paper »»	12:43
<+silo>	Covered 1/2 YM Short @ 8980 --> + 28	12:44
* +ddoonie	----[ Shorts ES @ 956.50 ]----	12:45
<+silo>	Covered Remainder YM Short @ 8985 --> + 23
<+Maximus>	bernanke done
<+T-stop>	now q/a
<+Maximus>	yes
<+silo>	Long YM @ 8985	12:46
<+szubaark>	Covered all Short ES at 958.50 --> - 0.25 «« paper »»	12:47
	Buys ES @ 959.25 «« paper »»	12:52
<+silo>	Exited 1/2 YM Long @ 9018 --> + 33	12:53
	Exited Remainder YM Long @ 9006 --> + 21	12:54
<+szubaark>	Exited all Long ES at 959.50 --> + 0.25 «« paper »»
	Buys ES @ 961.25 «« paper »»	12:55
* +ddoonie	----[ Covered ES @ 961 ]----
<+silo>	Shorts YM @ 9020	12:56
<+szubaark>	Exited all Long ES at 959 --> - 2.25 «« paper »»
	Shorts ES @ 959 «« paper »»
	geezz
	tight stop dont trust this crap	12:58
	exit stop set ES @ 962 «« paper »»
<+silo>	Covered 1/2 YM Short @ 8983 --> + 37	13:00
<+ddoonie>	good job guys, you're making back on all the little losses	13:01
<+szubaark>	this is as tough as it gets today	13:02
	Covered all Short ES at 953.75 --> + 5.25 «« paper »»	13:05
	Shorts ES @ 952.75 «« paper »»	13:06
<+ddoonie>	nice szubaark, my set ups aren't the most reliable today
<+silo>	Covered Remainder YM Short @ 8968 --> + 52	13:07
	Long YM @ 8970	13:10
	1 contract only so far
<+szubaark>	exit stop set ES @ 956.50 «« paper »»
<+silo>	Long YM @ 8973 -> Add	13:11
<+szubaark>	tightening stop	13:12
<+silo>	Exited all YM Long @ 8935 --> - 73
<+szubaark>	exit stop set ES @ 955.75 «« paper »»	13:13
<+silo>	wrong price
	8945
<+T-stop>	ben q/a done	13:14
	I think
<+Maximus>	yes
<+ddoonie>	guess they didnt like what he had to say	13:15
<+Maximus>	what else is new
* werner1	is now known as werner
<+Maximus>	down 400 *yawn*	13:16
	i think it will take a 7-800 +/- day for me to get a 'wow' expression	13:17
<+T-stop>	lod test	13:18
<+Maximus>	failing..
<+szubaark>	Covered all Short ES at 946.75 --> + 6 «« paper »»	13:19
<+T-stop>	flush or run a few stps, then push up	13:20
<+Maximus>	perhaps yes
* +Tintin	: back
<+T-stop>	they know how to play	13:21
<+Maximus>	:D
* NihabaAshi_away	is now known as NihabaAshi
<+szubaark>	well, its not going down with a lot of conviction LOL	13:22
	people on Elitetrader have been complaining about NQ being choppy lately, ES joined NQ today	13:23
<+T-stop>	may flush it here
<+Maximus>	people on elitetrader actually trade :O !?	13:24
<+szubaark>	yea a lot of useless threads nothing worthy.. good traders keep it quiet	13:25
	lots of MACD,STO,EMA system crap
<+Maximus>	ya
	feels like it wants to punch to the upside	13:27
<+T-stop>	may get a push here	13:28
	y
<+Maximus>	whatever happened to the negative correlation oil/equity play lol
<+szubaark>	or Gold LOL	13:29
<+Maximus>	consumer should be happy.. sheesh.. at least consumer staple/retail stocks
	should be rallying a bit
<+T-stop>	could chop first
<+Maximus>	bovespa went limit down	13:30
<@NihabaAshi>	Shorts ES @ 943.75 -> small size
	3 only	13:31
	Covered all ES Short @ 942.75 --> + 1	13:34
<+T-stop>	nq leading dn
<codehead>	.500 retracement hit exactly at 8838	13:35
<+codehead>	YM
<+T-stop>	nq sm sup here	13:36
	but dow -490 no real reason to buy, not yet anyway	13:37
	sheesh
<+ddoonie>	wow its puking	13:38
<+T-stop>	cnbc hid the pom pom's
<+silo>	Long YM @ 8804
<+szubaark>	they just creeping it down..tough to get in
<+T-stop>	nice area to pop
	at least a lil
	sup/pvts in here	13:39
* +Tintin	----[ shorts es @ 934.25 ]----	13:40
<@NihabaAshi>	Shorts ES @ 935.50 -> small size	13:41
	3 only
<+T-stop>	beige bk @ :00	13:42
<@NihabaAshi>	Covered all ES Short @ 935.00 --> + 0.5	13:43
<+codehead>	long Ym 8806, sotp 8789 <paper>	13:44
	i did take it long there for real one time for +13, got chicken to re-enter
	8800 was a major top before mkt moved higher	13:45
	so has some support here
<+szubaark>	code, the CCI wont be any help today LOL
* +Tintin	----[ shorts tf @ 519.2 ]----	13:46
<+sav>	Shorts NQ @ 1289.75	13:51
	Covered all NQ Short @ 1286.75 --> + 3
<+codehead>	exit +30 half YM <paper>	13:53
<@NihabaAshi>	Long ES @ 935.75 -> small size	13:55
	3 only
	Exited all ES Long @ 933.00 --> - 2.75	13:58
<+codehead>	stopped -17 on reminder
* +Tintin	----[ covers tf @ 517.2 +2 ]----
<+codehead>	for +23.5 avg
	beige book in 2 mins?	13:59
<+szubaark>	yes
<+ddoonie>	bad couple days for me
<+codehead>	long 8800 <paper>
<@NihabaAshi>	Shorts ES @ 933.50 -> small size	14:00
	3 only
<+codehead>	stop under lod
* +Tintin	----[ shorts es @ 932.75 ]----	14:02
<+codehead>	exit -7 YM <paper>	14:03
* +Tintin	----[ covers es @ 930.75 +2 ]----
<@NihabaAshi>	Covered all ES Short @ 929.25 --> + 4.25	14:05
<+Maximus>	i wonder if the fed would cut all the way to 0	14:06
	japan style..
	the new carry trade	14:07
<+codehead>	long small 8755 <paper>	14:18
	2c
* +Tintin	----[ shorts gc @ 848.8 ]----	14:19
	----[ covers gc @ 846.8 +2 ]----	14:20
<@NihabaAshi>	Long ES @ 933.00 -> small size	14:22
	1 only
<+codehead>	raise sotp on half to +30 paper (8795)
	+40 raise
	hit, out +40 1c YM <paper>
	raise stop to b/e on remainder	14:23
	bad math--that was +50
<@NihabaAshi>	Exited ES Long @ 934.25 --> + 1.25	14:24
<+codehead>	raise stop to 8899, but looking for +90 or +100	14:25
	but reistance before then...
	exit +80 YM <paper>	14:26
	i see next upside wave target at 8876 if that low holds	14:27
<@NihabaAshi>	Long ES @ 938.75 -> small size	14:34
	2 only
	Exited ES Long @ 936.75 --> - 2	14:35
	Shorts ES @ 935.00 -> small size	14:36
	2 only	14:37
	Covered all ES Short @ 934.75 --> + 0.25	14:38
	Shorts ES @ 933.00 -> small size	14:39
	2 only
<+silo>	Long YM @ 8816	14:40
<@NihabaAshi>	Covered all ES Short @ 935.00 --> - 2
<+szubaark>	confusing Price Action, im on sidelines	14:41
<@NihabaAshi>	Long ES @ 940.75 -> small size	14:43
	3 only
<@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.	14:44
<@NihabaAshi>	trailing stop @ profit
<+silo>	Exited 1/2 YM Long @ 8878 --> + 62
<@NihabaAshi>	That didn't last long :(	14:45
	Exited all ES Long @ 941.50 --> + 0.75
<+silo>	Long YM @ 8880 -> Add	14:48
<@NihabaAshi>	Long ES @ 941.75 -> small size	14:49
<+silo>	Exited all YM Long @ 8875 --> + 54
<@NihabaAshi>	3 only
	After seeing my trailing stop picked pocketed...	14:50
	I went back and pick pocketed a great entry	14:51
	However, price doesn't look so hot any more
<+silo>	lol
	:)
<@NihabaAshi>	Exited all ES Long @ 942.25 --> + 0.5
* +Tintin	----[ shorts es @ 941.25 ]----	14:52
<@NihabaAshi>	Feels like I'm in the subway and people are putting their hands in my pockets and i return the favor by doing the same to someone else :)	14:53
<+Maximus>	lol niha
	deeply symbiotic trading huh	14:54
<+silo>	Long YM @ 8883	14:55
<@NihabaAshi>	Long ES @ 943.00 -> small size
	2 only
<+silo>	Exited all YM Long @ 8870 --> - 13	14:56
<@NihabaAshi>	Exited all ES Long @ 941.00 --> - 2
	Long ES @ 942.50 -> small size
	2 only
<+werner>	.europe	14:57
	sorry
<+Maximus>	3pm reversal period	14:58
<+werner>	wrong window
<@NihabaAshi>	Exited all ES Long @ 940.25 --> - 2.25	14:59
* +Tintin	----[ covers es @ 938.25 +3 ]----
<+Maximus>	like clockwork today
	literally
<+silo>	Long YM @ 8822	15:00
<@NihabaAshi>	Shorts ES @ 934.50 -> small size	15:01
	3 only
* +Tintin	----[ buys es @ 932.25 ]----
	----[ covers es @ 934.25 +2 ]----	15:02
<@NihabaAshi>	Covered all ES Short @ 936.00 --> - 1.5	15:03
* +Tintin	----[ shorts es @ 936.5 ]----
<+silo>	Exited all YM Long @ 8845 --> + 23	15:04
<+sav>	Long NQ @ 1294.25	15:05
	Exited Remainder NQ Long @ 1294.5 --> + 0.25
<+Maximus>	buy stop es 945.50
<@NihabaAshi>	Long ES @ 940.25 -> small size	15:06
	3 only
<+Maximus>	nice entry niha
<+silo>	Shorts YM @ 8917	15:07
	one only so far
<@NihabaAshi>	Yeah but the exit will be tough if the volatility suddenly DIES
<+Maximus>	Out ES 946.50 +1	15:08
<+silo>	Shorts YM @ 8910 -> Add
<+Maximus>	comin your way silo
<@NihabaAshi>	Haven't had any p.m. session runners...	15:09
	I'm due for one
<+Maximus>	this may be it niha
	if it can sustain of course..
<winmax60>	Long NQ @ 1302.5 «« testing »»
<@NihabaAshi>	weak resistance area	15:10
<+winmax60>	wow... finally i make this work... this is a test...thanks
<+Maximus>	long ES 947.75
	Out ES 945.25 -2.5
	nada
	it is a weak resistance area yes	15:11
	hmm
<@NihabaAshi>	Exited all ES Long @ 945.50 --> + 5.25
	volatility DIES
<+Maximus>	indeed
	good for the push north
<+codehead>	hm, during normal session on daily, mkt top was 9898
	mkt low was 7878 :-/
<+Maximus>	good volume on that recent push higher	15:14
<+szubaark>	Buys ES @ 948.25 «« paper »»
<+T-stop>	this mky wants to push, but...	15:15
<+szubaark>	ehh..
<+T-stop>	few sellers up there
<+szubaark>	Exited all Long ES at 944.50 --> - 3.75 «« paper »»
<@NihabaAshi>	Shorts ES @ 945.75 -> small size	15:16
	3 only
<+szubaark>	Shorts ES @ 944.25 «« paper »»
<+Maximus>	perhaps around 330	15:18
	the push higher
<@NihabaAshi>	I'm done for the day...will call it quits as planned earlier
<+Maximus>	sjhort es 941.50
<@NihabaAshi>	Covered all ES Short @ 940.25 --> + 5.5
<+Maximus>	Out ES 938.50 +3	15:19
<+T-stop>	nice guys
<+szubaark>	tightening stop
<@NihabaAshi>	Took it easy today...long lunchtime nap and calling it quits early
<+Maximus>	cant type it fast enough
<+szubaark>	exit stop set ES @ 944 «« paper »»
<@NihabaAshi>	Will just watch from the sidelines after a strong finish to my day.	15:20
<+szubaark>	Fib buyas trying hard
<+Maximus>	vn niha
* +Tintin	----[ shorts ym @ 8847 ]----
<+szubaark>	Covered all Short ES at 940 --> + 4.25 «« paper »»	15:21
<+silo>	Covered all YM Short @ 8857 --> + 113
	Long YM @ 8881
<+Maximus>	sick silo
<+szubaark>	they wanna make anohter leg up
<+Maximus>	well were putting in higher highs and higher lows on my TF	15:22
<+silo>	Exited all YM Long @ 8855 --> - 26
	my TS is freezing up :(
<+szubaark>	just wish it wasnt wiggling so damn much
<+silo>	Long YM @ 8860	15:23
	sorry about the late post
<+szubaark>	:p	15:24
<+silo>	Exited all YM Long @ 8883 --> + 23	15:25
	Shorts YM @ 8867	15:26
<+szubaark>	Shorts ES @ 935.50 «« paper »»	15:28
	violant tape	15:29
<+silo>	Covered 1/2 YM Short @ 8807 --> + 60
* +Tintin	----[ covers es @ 934.5 +2 ]----	15:30
<+silo>	Covered Remainder YM Short @ 8830 --> + 37
* +Tintin	----[ covers ym @ 8797 +50 ]----
<+szubaark>	tightening stop	15:31
	exit stop set ES @ 935 «« paper »»
<+silo>	Long YM @ 8787
	1 only so far
<+szubaark>	Covered all Short ES at 929.75 --> + 5.75 «« paper »»	15:32
<+silo>	Long YM @ 8790 -> Add	15:33
<+szubaark>	Im done. Protecting Profits after on a tough day.
* +Tintin	----[ shorts es @ 931.50 ]----	15:34
	----[ covers es @ 929.50 +2 ]----
<+silo>	Exited all YM Long @ 8775 --> - 27	15:39
<+Maximus>	lod test
<+silo>	Long YM @ 8787	15:42
	Exited all YM Long @ 8770 --> - 17	15:45
	Shorts YM @ 8750	15:46
* +Tintin	----[ shorts tf @ 514.1 ]----	15:47
	----[ covers tf @ 513.1 +1 ]----	15:48
<+codehead>	.618 retracemet is 8649 on YM	15:49
	8700 hit
<+silo>	Covered all YM Short @ 8670 --> + 80	15:53
<+szubaark>	gulp
<+silo>	Long YM @ 8670
<+codehead>	15 ticks away form .618	15:54
	long small 8660 <paper>	15:55
	jsut trying .618
	hit
<@NihabaAshi>	ES only 10 points away from the close on Friday	15:56
<+silo>	Exited all YM Long @ 8640 --> - 30
	stop hit
<+szubaark>	silo, u must have made over 30+ trades today?
<+Maximus>	es sitting on trendline on my TF	15:57
	breaking it..
<@NihabaAshi>	Meant 26 points away from the close on Friday
<@X>	#FuturesTrades Info ->  No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended without their permission. More info at http://www.thestrategylab.com/FuturesTradesChatRoom.htm
<+silo>	yeah bad trading day for me
<+Maximus>	down -700
<@NihabaAshi>	Friday is the day many called as the bottom	15:58
<+Maximus>	yup..
<+szubaark>	yes
<+Maximus>	sianora
<+codehead>	add YM 8580 <paper>
<+silo>	crazy
<@NihabaAshi>	Low for Friday is 837.00
<+silo>	no buy back either	15:59
<+Maximus>	700 point days become the norm? lol
	selling super hard into the bell
<@NihabaAshi>	Will be interesting trading day tomorrow to see if ES can remain above that 837 price area
<+Maximus>	longs from out 1000+ up day getting out perhaps	16:00
	might see a gap up tomorrow though
<+codehead>	add 8545 <paper> YM
<+Maximus>	gn all	16:01
<+codehead>	target 8620
	ok, last add 8560	16:07
	sheesh
	testing theory that it will revisited .618 at least	16:08
	8545+8580+8660+8460
	8649 would be targt	16:10
* +Tintin	: bye all	16:26
<@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: Thu Oct 16 00:00:00 2008	23:05
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

"The point of this whole exercise is to make money. Everything else is just conversation." --Jonathan Hoenig

DAX   FTSE-100   CAC-40   EC   ER2   ES   NQ   YM   QQQQ   SPY   IWM   DIA   CL   QM   NG   OIH   XLE   GC   GLD   ZN   ZB   ZF   BUND   EurUsd   UsdCdn

Copyright © 2002 - 2008. The Strategy Lab. All rights reserved.