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#FuturesTrades October 16th Thursday 2008 Trade Log

 

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

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

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

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

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

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

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

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

   
  #FuturesTrades purpose, benefits and access info for day traders, swing traders and position traders...click here.
Time Zone Info Chat Log below is eastern standard time (est.) - New York City, U.S.A and/or Montréal, Canada time zone.
  
<@X>  #FuturesTrades Info ->  No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended without their permission.

More info at http://www.thestrategylab.com/FuturesTradesChatRoom.htm   

  
  
 Session Start: Thu Oct 16 09:28:57 2008Session Ident: #futurestrades
* Now talking in #futurestrades09:28
<@X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<PapaJon> gm all09:29
<sav> gm
<@X>  #FuturesTrades Info -> Some members (including me) explain basic details about their trades posted in #FuturesTrades @ http://thestrategylab.com/forum/index.ph p?board=58.0 and there's a link there to take you to #FuturesTrades archived logs if you're interested in reviewing past trades or market commentary posted in #FuturesTrades.
<+silo>  Shorts YM @ 8602 09:31
Shorts YM @ 8603 -> Add
Covered 1/2 YM Short @ 8564 --> + 39 09:33
Covered Remainder YM Short @ 8530 --> + 72
Long YM @ 8525 09:35
1 oinly
Exited all YM Long @ 8530 --> + 5 09:36
Shorts YM @ 8592 09:38
Covered all YM Short @ 8508 --> + 84
eh
wtf
<@NihabaAshi>  Long ES @ 914.50 -> large size 09:40

9 only

trailing stop @ profit09:41
<+silo>  Shorts YM @ 8637 09:43
<@NihabaAshi>  Exited all ES Long @ 917.75 --> + 3.25
<+silo>  Covered all YM Short @ 8650 --> - 13 09:45
<@NihabaAshi>  Shorts ES @ 923.50 -> small size 09:46

2 only

Covered all ES Short @ 925.50 --> - 2 09:47

Shorts ES @ 924.50 -> small size 09:48

2 only
<szubaark>  Shorts ES @ 925 «« paper »»
<+silo>  Shorts YM @ 8695 -> large size 09:49
<+szubaark> tightening Stop
exit stop set ES @ 924.75 «« paper »»
<@NihabaAshi>  Covered all ES Short @ 924.00 --> + 0.5 09:50
<+szubaark>  Covered all Short ES at 924.75 --> + 0.25 «« paper »»
<@NihabaAshi> FAST price action
<Maximus> seems to really want to push
<@NihabaAshi> This speed of the price action starting to become more of the norm.09:51
<+silo> sooo fast lol
<werner> gm all
<+szubaark> especially at S/R levels, it goes nuts there
<+Maximus> seem slike 500+ point swings are the norm too.. i guess when they inevitably settle down to to 50-150 point moves it will seem very very slow
<+szubaark> just a matter of time when markets calm down again09:52
<+Maximus> were the cpi numbers good?

and/or jobless claims.. havent looked yet
<+szubaark>  Shorts ES @ 923.25 «« paper »» 09:53
<+Maximus> philidelphia fed survery @ 10:00AM ET
<+silo> wow... just freaking go down already09:54
<+szubaark> lol
<+silo> so scared
so fast
<T-stop> max #'s not as bad09:55
<@NihabaAshi>  Shorts ES @ 922.00 -> small size
2 only
<+szubaark>  Covered all Short ES at 917 --> + 6.25 «« paper »» 09:56
<+silo>  Covered 1/2 YM Short @ 8612 --> + 83
* Tintin : hi all
<@NihabaAshi> Price action is so fast I don't know how the scalpers are trading this with their typical stop/loss protection09:57
<+silo> gonna try to hold this half a bit longer09:58
<+Maximus> hopefully they're adjusting.. maybe keeping the same RR ratios, but instead of a 2 point stop to 3 point profit for instance, they go 3 point stop and 5 pt TP.. who knows09:59
<@NihabaAshi>  Covered all ES Short @ 919.00 --> + 3
<+Maximus> -37.5 on FED manufacturing survey10:00
<@NihabaAshi>  Shorts ES @ 911.00 -> medium size

4 only
<+silo>  Covered Remainder YM Short @ 8540 --> + 155 10:01
<+szubaark> this action starting to become too fast for me to "analyze" it
<+silo> daily profit target reached
wheew
<+T-stop> vn
<@NihabaAshi>  Covered all ES Short @ 910.50 --> + 0.5
<+Maximus> little knee jerk reaction there
<+szubaark> max, no entry is safe entry LOL10:02
<@NihabaAshi> As soon as I adjust my trailing stop...

They get hit :(
<+Maximus> very true
great learning environment though
<@NihabaAshi> What's amazing is that the price action is several points in my favor when I adjust my trails to only get hit a few seconds later...

That's turbo FAST10:03
<+Maximus> yeah the price action is extremely jumpy.. ive never seen it like this before
<+szubaark> Niha, when do you remember last time this type of action happening?
<+Maximus> maybe during a fed announce for about 10 min if that
but not ALL session
<@NihabaAshi> szu...never
<+PapaJon> mr toads wild ride
<@NihabaAshi> We have unusual economic problems and that's never happen before10:04
<+Maximus> like 915.00 to 916.75 in a millisecond
<@NihabaAshi> Thus, the price action we see is only a symptom of what's happening in the Economy/Financial area
<+Maximus> a/d breadth is all over the map
<+silo>  Long YM @ 8584 10:05

sorry guys

as soon as i entered.. it jumped like 20 pts :(

hehe
<+Maximus> wow
YM is even worse than ES
20 point moves, 1 second
<@NihabaAshi>  Shorts ES @ 908.75 -> small size 10:06

3 only
<+Maximus> im showing a 3 point spread at times.. wow
<+T-stop> vix only 69, lol
<+Maximus> lol
* +Tintin ----[ buys gbl @ 114.02 ]----

----[ buys zn @ 112 ]----
<@NihabaAshi>  Covered all ES Short @ 910.75 --> - 2
<+szubaark>  Shorts ES @ 906.75 «« paper »» 10:07
<@NihabaAshi>  Shorts ES @ 907.00 -> small size
3 only
<+silo> no time to post trades

too fast
<@NihabaAshi> yeah...I've already haven't had time to post 2 trades10:08
* +Tintin ----[ covers gbl @ 114.12 +0.10 ]----
<+sav>  Shorts NQ @ 1248.25
Covered Remainder NQ Short @ 1245.25 --> + 3
too fast to type
<+szubaark> its JUMPY yet its not going anywhere but hitting Stops LOL10:09
<@NihabaAshi> trailing stop @ profit10:10
<+szubaark> tightening stop10:12

exit stop set ES @ 906 «« paper »»

Covered all Short ES at 897 --> + 9.75 «« paper »»
<@NihabaAshi>  Covered all ES Short @ 895.75 --> + 11.25 10:13
Finally caught my morning runner
<+Maximus> vn
* +Tintin ----[ covers zn @ 112 10/64 +10/64 ]----10:14
<@NihabaAshi> ES back within the price range of Friday's trading day that's been HYPED as the bottom.10:15

As short-term traders...we need to be careful not to get involved in trying to predict TOPS or BOTTOMS10:16

Let the investors, long-term traders do that !!!
<+PapaJon> so true niha10:17
<+silo> man i was up close to 2x daily profit10:18

but tried to catch one move earlier10:19

and gave back the profits

and went negative

caught this move from the bottom

now i'm up like 34 bucks hehe

wow

too fast

Exited all YM Long @ blah --> + blah - 8584
<+szubaark> lol
<+silo> didn't have time to post exits and new entries

at least i'm up 34 bucks now hehe10:20

time to start over haha

:\

Long YM @ 8486 10:21

1 only

Long YM @ 8492 -> Add
<+sav>  Long NQ @ 1235.25 10:22
Exited all NQ Long @ 1238.25 --> + 3
<+silo>  Exited all YM Long @ 8465 --> - 48

wow so freaking fast

like i would be up 25 pts and then it immediately turns on me lol10:23
<winmax60> good morning Niha and everyone10:29
* +Tintin ----[ buys gbl @ 114.20 ]----10:30
<+Maximus> gm winmax10:31
* +Tintin ----[ covers gbl @ 114.30 +0.10 ]----10:32
<+sav>  Long NQ @ 1217.5 10:42
<+Maximus> whoa
<+sav>  Exited all NQ Long @ 1220.5 --> + 3
<+Maximus> short es 889.0010:43

Out 887.00 +2
<+sav>  Shorts NQ @ 1216.00 10:46
Covered all NQ Short @ 1215.75 --> + 0.25
<+T-stop> vix 7710:48
<+Maximus> very weak resistance around the ES 903 area (last swing high there..) if it goes..
<+T-stop> looks a lil toppy up here10:49
<+Maximus> EMD leading
<AustinJM> does anyone here trade the EMD?10:50
<+Maximus> not over 1 contract, slippage galore10:51
its thin
crude @ 72.. wow10:54
<+AustinJM> sweet10:55

road trip might be possible after all

i wonder what diesel is at
<+Maximus> who knows
<+szubaark>  Shorts ES @ 886 «« paper »» 10:56

tightening stop10:57

exit stop moved to breakeven ES @ 886 «« paper »»
<+AustinJM> Any tick chart traders here?10:58
<+Maximus> short es 88010:59
<+szubaark> market calming down a bit11:00
<+Maximus> crude heading lower on news
<+AustinJM> nice little stop cleaner right there before the push11:01
<+Maximus> Out ES 873.00 + 7

woo
<pat255> vn11:02
<+Maximus> thx
<+sav> nice
<@NihabaAshi> AHG signals today must be killing it
<+Maximus> AHG?11:03
short NQ 1205.75
<+szubaark> tightening stop11:04
<@NihabaAshi> It's a market strategy a few in here use after they learned it at EliteTrader.com
<+szubaark>  exit stop set ES @ 875 «« paper »»

Covered all Short ES at 875 --> + 11 «« paper »»
<+pat255> vvn
<@NihabaAshi> I'm just mentioning it to see "whom" will verify how they are doing :)
<+Maximus> Out NQ 1206.75 -1
<+szubaark> thnx
<+Maximus> ohh ok
<+AustinJM> Short YM @ 8245 / Exit 823511:05

i want to see consecutive larger up moves for a pull away from this last 5 minute down trend11:06

or a large up move above 879.50 where there is a quad top on 450 tick chart11:08
<@NihabaAshi>  Shorts ES @ 871.00 -> small size 11:09
3 only
<+Maximus> another 700 pt day lol perhaps

crude under 7011:10
<@NihabaAshi>  Covered all ES Short @ 873.00 --> - 2
Shorts ES @ 871.50 -> small size 11:11
3 only
Covered all ES Short @ 868.75 --> + 2.75 11:14
<+AustinJM> short YM @ 8230 / out @ 8220
<ItalianSharp> VIX just rose above 8011:19
<+ItalianSharp> 100 is very likely
<+AustinJM> Easy way to make money if you take the super high probability small scalps11:20
and it will be quick :)
<@NihabaAshi>  Shorts ES @ 875.25 -> small size 11:28

3 only
<+szubaark>  Shorts ES @ 876.25 «« paper »»
<+silo>  Long YM @ 8290 11:29
<@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> lower stop loss11:30
Covered all ES Short @ 877.75 --> - 2.5 11:31
<+AustinJM> short YM @ 8290
<+szubaark>  Covered all Short ES at 879 --> - 2.75 «« paper »»
<+AustinJM> Covered YM @ 8285
<@NihabaAshi>  Long ES @ 883.25 -> small size 11:33
3 only
<+AustinJM> not bad, 3 short signals and 1 buy today, all wins :)11:34
<+silo>  Exited 1/2 YM Long @ 8360 --> + 70
<+szubaark> All Shorts here
<+AustinJM> There you go silo, showing off again :P11:35
<@X>  #FuturesTrades Info -> Some members (including me) explain basic details about their trades posted in #FuturesTrades @ http://thestrategylab.com/forum/index.ph p?board=58.0 and there's a link there to take you to #FuturesTrades archived logs if you're interested in reviewing past trades or market commentary posted in #FuturesTrades.
<+silo> i did horrible earlier
:(
lost my cool earlier11:36
<@NihabaAshi> trailing stop @ profit
<+silo>  Exited Remainder YM Long @ 8387 --> + 97 11:37
<@NihabaAshi>  Exited all ES Long @ 886.25 --> + 3 11:38
<+silo>  Shorts YM @ 8366
<+szubaark>  Shorts ES @ 885.75 «« paper »»
<@NihabaAshi>  Shorts ES @ 882.75 -> small size 11:41
3 only
<+silo>  Covered 1/2 YM Short @ 8340 --> + 26
<+szubaark> tightening Stop
exit stop moved to breakeven ES @ 885.75 «« paper »»
<@NihabaAshi>  Covered all ES Short @ 884.75 --> - 2 11:42
<+szubaark>  Covered all Short ES at 885.75 --> 0 «« paper »»
<+silo>  Covered Remainder YM Short @ 8366 --> 0

Long YM @ 8369
<+szubaark>  Shorts ES @ 886.75 «« paper »» 11:43
<+AustinJM> what chart are you using to base your entries off of?
<@NihabaAshi>  Long ES @ 888.00 -> small size
3 only
<+szubaark> tightening Stop11:44

exit stop set ES @ 889.50 «« paper »»

Covered all Short ES at 889.50 --> - 2.75 «« paper »»
<@NihabaAshi> trailing stop @ profit11:45
<+szubaark>  Shorts ES @ 890.50 «« paper »»

trying again
<@NihabaAshi>  Exited all ES Long @ 889.25 --> + 1.25 11:46
<+szubaark>  Covered all Short ES at 892.50 --> - 2 «« paper »» 11:47
<@NihabaAshi>  Long ES @ 892.00 -> small size
3 only
<+szubaark>  Shorts ES @ 890.25 «« paper »» 11:48
<+silo>  Exited all YM Long @ 8399 --> + 30
Shorts YM @ 8392 11:50
<@NihabaAshi>  Exited all ES Long @ 889.75 --> - 2.25
<+silo>  Shorts YM @ 8387
oops
i posted it twice
i thought the first one didn't get put in
lol
my bad
* Looking up Guest user info...11:51
<+silo>  Covered all YM Short @ 8400 --> - 13 11:52
* Looking up Griff user info...

up oaktree user info...
<+silo>  Long YM @ 8429
<+szubaark>  Covered all Short ES at 893.50 --> - 3.25 «« paper »»
<@NihabaAshi>  Long ES @ 893.25 -> small size 11:53
3 only
Exited all ES Long @ 898.00 --> + 4.75 11:55
<+szubaark>  Shorts ES @ 897.50 «« paper »»
<+Maximus> a\d lines comin in a bit11:58
<+szubaark>  exit stop set ES @ 899 «« paper »» 12:00

tightening Stop12:01

exit stop moved to breakeven ES @ 897.50 «« paper »»
<+silo>  Exited all YM Long @ 8400 --> - 29 12:04
<+AustinJM> lunchtime chop12:05
<+szubaark> Weak Support Area12:07
<+silo>  Long YM @ 8414 12:08
<+AustinJM> im not watching the ES but the YM is having a real hard time pushing any further, its chopping around between 8480's to 8380's12:10
Then again, when haven't we seen a breakdown after opening bell and a push towards lunch followed by more selling into the close?12:11
<+silo>  Exited 1/2 YM Long @ 8453 --> + 39
<+szubaark>  Covered all Short ES at 897.50 --> 0 «« paper »» 12:12
<+silo>  Exited Remainder YM Long @ 8533 --> + 119 12:13
<+AustinJM> be ready to catch this retrace silo12:14
<+silo> yes i know
<+szubaark> looking like a frikin V bottom12:15
<+silo>  Shorts YM @ 8575

one only so far

will add second half

Shorts YM @ 8633

first one got stopped out12:16

Shorts YM @ 8625 -> Add
<+szubaark>  Shorts ES @ 911.50 «« paper »»
<+AustinJM> just scalped off a market order haha

volume building at YM 8635
<+silo>  Covered 1/2 YM Short @ 8569 --> + 56 12:18
the first one wasn't part of this by the way
<+AustinJM> Short YM @ 8597
<+silo> that hit the stop with 1 contract
so no biggie
<+AustinJM> Covered YM @ 8574

For some reason my ATM didn't kick in on that12:19
<+silo>  Covered Remainder YM Short @ 8621 --> + 12 12:21
<+AustinJM> Long YM @ 8618 / Stop filled @ 8617 +1
<+szubaark>  Covered all Short ES at 915 --> - 3.5 «« paper »»
<+silo> getting ready to short again12:22
* codehead_afk is now known as codehead
<+silo>  Shorts YM @ 8652

one only so far
<+szubaark>  Shorts ES @ 915.75 «« paper »»
Covered all Short ES at 919 --> - 3.25 «« paper »» 12:23
<+silo>  Covered all YM Short @ 8680 --> - 28

one contract picked

will look for better entry

Shorts YM @ 8672

one so far
<+AustinJM> pssh, stupid atm didn't work again, out at +1 profit12:24
<+szubaark>  Shorts ES @ 918 «« paper »»
<+silo>  Shorts YM @ 8662 -> Add
<+szubaark> almost 65 Pop since low,amazing12:25
<+AustinJM> i reached daily profit target in 2 hours :)12:26
took me 7 trades but whatever12:27
<+szubaark> im up huge since morning so risking a little more now
<+AustinJM> szubaark
that sounds like a really good time to watch TV lol
and keep the profits until tomorrows trading
think of it as a half-day at work12:28
<+szubaark> good Volatility, so trading it, this wont last forever u know
<+silo>  Covered 1/2 YM Short @ 8572 --> + 90 12:29
Covered Remainder YM Short @ 8572 --> + 100
<+szubaark>  exit stop set ES @ 910 «« paper »» 12:37

Covered all Short ES at 910 --> + 8 «« paper »» 12:38

Shorts ES @ 908.50 «« paper »» 12:42
<+silo>  Shorts YM @ 8565
one only
Shorts YM @ 8555 -> Add
<+szubaark>  Covered all Short ES at 899.50 --> + 9 «« paper »» 12:44
<pat255> vn guys ..
<+silo>  Covered 1/2 YM Short @ 8507 --> + 48
<+szubaark> thanks pat.. taking a break from this fast paced action
* szubaark is now known as szubaark_away
<+silo>  exit stop set YM @ 8585 12:47
if this stop holds... and we keep goign down from here :)12:48
i will let this one contract ride the wave :)
giving it a little mroe room12:49
wheew almost12:50
:)
high volatility again12:51
if it works out as planned... even 1 contract will provide a nice profit if we go down from here :)
we need to clear this room down here12:58
then it'll be smooth sailing
Shorts YM @ 8504 -> Add
scale in one more12:59
now full size again
big battle here13:06
i have a feeling bears will win
<+AustinJM> long TF @ 505.5 covered @ 506.5 +1013:09
<+silo> my stop might not hold13:19
<+pat255> never again i do my own work13:20
<+silo> my stop is 861413:21
it's a big stop for me
<+AustinJM> they never give it a rest13:34

Short ES @ 901.2513:36

Exit ES @ 900.2513:37
<@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.13:38
<+silo> here comes the pain13:39

needs to go a bit lower though13:40
<+AustinJM> Short ES 893.5 Covered 892.513:41
<+silo> man it's painful to watch this13:56

come on

it better nto hit my stop13:57

:)

if i had exited down there i could've reached close to 2x daily profit... but want to see this long hold trade work

hope it doesn't bite me in the ass

oh oh it could hit it soon13:58

Covered all YM Short @ 8614 --> - 159

hits

freaking a haha

it had to go back and test high :(

that sucked hehe14:00

shorted again at 856614:09
<@NihabaAshi>  Shorts ES @ 903.75 -> small size 14:10
3 only
Covered all ES Short @ 897.75 --> + 6 14:15
<+silo> my entry is near wher i shorted the first time14:17

so will hold for longer like befor14:18

before
* Retrieving #futurestrades modes...14:20
<+szubaark_away>  Buys ES @ 901.50 «« paper »» 14:23

Exited all Long ES at 901.50 --> 0 «« paper »» 14:24

Contracting Volatility

its gonna spike, either up or down14:25

now we back into that last Volatility spike Zone14:31
<+silo> come on...14:32
needs to break this support here
i got shook out last time haha
sucks... could've booked like 150 pts or so on the last trade
but back in ..
i hope it doesn't bounce back up like last time :)14:33
with the lower high from that shake out
should be less likely
ym needs to break 8400 [14:34] <+szubaark_away> Shorts ES @ 895 «« paper »»
<+szubaark_away>  Covered all Short ES at 898 --> - 3 «« paper »»14:34

Buys ES @ 898.50 «« paper »»

tightening Stop [14:35] <+szubaark_away> tightening Stop14:35

exit stop moved to breakeven ES @ 898.50 «« paper »»
<+silo> next time i will just trade short term instead of trying to hold a long term position14:37
could've made 300 pts
:(
still in this short from 8566 [14:38] <+silo> 2 big trades... but instead i wanted to catch one MONSTER trade
lol14:38
of coruse second mistake i made was EXPECTING this short to break support14:39
which it didn't
and again i shorted from the top and it hits support and bounced up
lol
<+szubaark_away> tightening stop

exit stop set ES @ 899 «« paper »»
  [14:39] <+szubaark_away> tightening stop
<+szubaark_away>  exit stop set ES @ 900 «« paper »»
<@NihabaAshi> sneaky price action14:41
<+szubaark_away> just trading Volatility spikes14:42

tightening stop14:43
<+Maximus> long ym 8574
<+szubaark_away>  exit stop set ES @ 901.25 «« paper »»
<@NihabaAshi>  Long ES @ 903.50 -> small size 14:44
1 only
<+szubaark_away> its in some type of congestion pattern right now :(
* Looking up breakout user info...14:47
<fy260498> Hi Guys...GM from Australia
<+szubaark_away> tightening stop
exit stop set ES @ 902.50 «« paper »»
<+Maximus> stop @ half-risk
<@NihabaAshi>  Exited ES Long @ 907.00 --> + 3.5
<@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   

  
<+Maximus> tp @ 8654

target
<+szubaark_away> starting to look Bullish14:48
<+Maximus> Out YM 8654 +80
<@NihabaAshi> Tough Luck :)
<+Maximus> trade had a 53 pt stop loss
<+fy260498> ES target at 926.25
<+Maximus> advn/decn now positive14:51
we'll see what the 3pm reversal period brings
<AustinJM> advn decln over daily open maximus?14:52
<+Maximus> ?
intraday
<+AustinJM> alright14:53
<+szubaark_away>  Exited all Long ES at 912.50 --> + 14 «« paper »» 14:55
Shorts ES @ 913 «« paper »» 14:58
tightening stop14:59
exit stop set ES @ 914.50 «« paper »»
tight Stop
tightening stop
exit stop moved to breakeven ES @ 913 «« paper »»
Covered all Short ES at 913 --> 0 «« paper »» 15:01
Buys ES @ 915 «« paper »» 15:03
tightening stop15:04
exit stop moved to breakeven ES @ 915 «« paper »»
<+Maximus> looks like bias to the upside for 3pm reversal period
<+szubaark_away>  Exited all Long ES at 915 --> 0 «« paper »»
<@NihabaAshi>  Long ES @ 915.50 -> small size

2 only15:05
<+szubaark_away> tricky area here..big battle going on
<+Maximus> thin resistance15:06

if it breaks
<+szubaark_away>  Buys ES @ 918.75 «« paper »»
<+T-stop> agree max
<+Maximus> quick moves up
<@NihabaAshi>  Exited all ES Long @ 920.75 --> + 5.25
<+szubaark_away> tightening stop
<+T-stop> also nq tested recent lows, and is leading the charge
<+szubaark_away>  exit stop moved to breakeven ES @ 918.75 «« paper »» 15:07
<+Maximus> ya t-stop
<+fy260498> watch out for 926.25
<+szubaark_away> close to testing Intraday Highs
<@NihabaAshi> The price action since the intraday lows reminds me of ES before 9/1115:08
<+T-stop> hopefully silo got outta that ss
<+szubaark_away> :}
i can see it on Elitrader now, the bottom is officially IN! LOL15:09
Everybody get LONG!
<+Maximus> i can see it on bubblevision
<+AustinJM> Silo had a nice +300 YM trade, but that was about an hour ago
<+szubaark_away>  Exited all Long ES at 927.75 --> + 9 «« paper »» 15:10
<+Maximus> very thin up here guys.. ES
<+T-stop> k thought he was ss
<+AustinJM> LONG YM @ 875515:11
<+Maximus> HODs
<+T-stop> max maybe thin, but how do you get in front of this15:12
may see another panic close
expiration
<+AustinJM> Would have been a nice swing high trade maximus15:13
<+Maximus> true t-stop
toes in the water.. toes in the water
i look at market internals for confirmations15:14
<+T-stop> should get some pb in here
<+Maximus> and they are quite strong here.. TRIN's new lows as well
bullish..
<+AustinJM> Exit YM +80
<+T-stop> man they jumping on even a lil pb
<+Maximus> strong.. ATM15:15
<+T-stop> hold your nose and buy, lol
<+AustinJM> volumes starting to accumulate on YM at 8840-50's
<+Maximus> lol
<+T-stop> last 1/2 hr could be nutz
<+Maximus> 3:30 will be interesting
<+AustinJM> to say the least15:16
<+Maximus> treasuries holding tight
<+T-stop> agree

pos pb
<+Maximus> man
<+T-stop> but I won't ss it
<+Maximus> YM is going HUGE.. 30 pt / sec moves
20*15:17
<+AustinJM> starting to form multiple tops on 310 tick chart YM15:18
<+T-stop> if we pb here may get a nice entry long, imo
<+Maximus> agreed15:19
<+T-stop> key is where
lol
<+Maximus> internals still very strong
<+T-stop> maybe 25 on es
<+Maximus> 5:2 buying
<+T-stop> if it gets there
<fy260498> Sorry connection loss15:20
<+Maximus> t-stop try 926.50
<+fy260498> Very nice rally

will produce some more opportunities15:21
<+AustinJM> I think we're all waiting for it fly
<+fy260498> sure
<+AustinJM> Is anyone in an open trade right now?15:22
<+T-stop> just scalping here
<+Maximus> right at the 32.8 fibo15:23
s
es*
on my tf at least
<+T-stop> gonna trap some shorts in here then ramp, imo
<+AustinJM> That's a lot of big bodies for it to not go anywhere between now and close15:24
<+Maximus> long ES 930.0015:25
<+AustinJM> Volume here is matching volume right before the rally
<+Maximus> out ES 927.50 - 2.515:26

hmm
<+szubaark_away> max what timeframe u watching and what type of charts?15:27
<+Maximus> well chart du jour is 2000tick ES15:28

for this particular strategy
<+AustinJM> 310 tick chart YM is scary!15:29
30 tick bars15:30
<+Maximus> try again.. long 933.00
<+AustinJM> bodies*
<+Maximus> Out ES 936.00 +315:31
<+T-stop> vn
2x test
<+Maximus> yes15:32

dbl top

above 938.50-39 thin.. might if we'll get there15:33
<+szubaark_away>  Shorts ES @ 929 «« paper »» 15:34
<+Maximus> might sucker shorts15:35
<+szubaark_away> tightening Stop
exit stop moved to breakeven ES @ 929 «« paper »» 15:36
last trade
<+AustinJM> volumes REALLY thin right here
<+szubaark_away>  Covered all Short ES at 929 --> 0 «« paper »»
<+AustinJM> Long YM @ 8750
<+szubaark_away> heheh.. came back for all the Shorts15:37
<+Maximus> maybe the crude/equity play coming back haha15:38
<+AustinJM> Buckleup, its gonna get bumpy15:39
Out YM at 8830 +8015:40
<+T-stop> vn15:41
<+szubaark_away> nice
<+AustinJM> I hope something didn't happen to silo, because that is going to be one ugly short :(15:42
<+szubaark_away> > 15:08] <T-stop> hopefully silo got outta that ss
<+T-stop> I'm sure he cvd
<+szubaark_away> he said he got out
<+T-stop> k

3x top may go here15:44

imo
<@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.
<+T-stop> size 39.515:45

see if they gun it15:46
<@NihabaAshi>  Long ES @ 940.00 -> small size
2 only
trailing stop @ profit15:47
Exited all ES Long @ 946.25 --> + 6.25 15:49
I'm done trading...that was a pure GREED trade.
<+T-stop> vn

lol
<+szubaark_away> Nice trade.
<+fy260498> Nice one15:50
<+T-stop> + 500 dow pos
<+AustinJM> niha, was that a manual trail or an automatic trail?15:53
<+Maximus> 3 min to close15:56
<+werner> gn and see you all on monday15:57
<+szubaark_away> gn
<+T-stop> cya
<+AustinJM> Have a good weekend werner
<+Maximus> cya
<+werner> thnx dito all
<+Maximus> lookin real strong into the bell15:58
<+T-stop> goog after bell, could move futs16:00
<+Maximus> take care all
<+T-stop> nice wk max16:01
cya
<+Maximus> big expiration day tomorrow

for me

goog earnings out16:02

better tan expected

than*

nq flyin
<+AustinJM> how many charts you have up right now16:03
<@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 21:09:56 2008

19:50
  
Trading Edge: 

Strategies

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

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

   

 

Current Performance Record of M.A. Perry

  

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Today

Month

Year

Emini ES points

+115.50

+1116.25

+2055.00

 U.S. Dollars

$5,775.00

$55,812.50

$102,750.00

 

 

 

 

Emini ER2 points

+0.00

+0.00

+2484.70

 U.S. Dollars

$0

$0

$248,470.00
 

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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.

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