#FuturesTrades October 17th Friday 2008 Trade Log

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

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

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

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

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

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

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

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

	#FuturesTrades purpose, benefits and access info for day traders, swing traders and position traders...click here.
Time Zone Info	Chat Log below is eastern standard time (est.) - New York City, U.S.A and/or Montréal, Canada time zone.
<@X>	#FuturesTrades Info ->  No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended without their permission. More info at http://www.thestrategylab.com/FuturesTradesChatRoom.htm
	Session Start: Fri Oct 17 09:34:14 2008Session Ident: #futurestrades
* Now	talking in #futurestrades	09:34
<@X>	[NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<fy260498>	Filled short 918.25
<+fy260498>	stop at 9222.75
	i mean 922.75	09:35
	stopped out
	-4.5
<Maximus>	out ES 921.75 -1
<sav>	Long NQ @ 1294.75
<+sav>	Exited all NQ Long @ 1297.75 --> + 3	09:36
<pdays>	Long ER2 @ 517.30	09:37
<PapaJon>	argh... cant wait to replace my destop	09:41
<+pdays>	Exited all ER2 Long @ 518.1 --> + 0.8
<silo>	Long YM @ 8794
<bazooka85>	Shorts ES @ 928.50
<+PapaJon>	all this volatility this last month... has caused my puter cpu to constantly peg
<palmer>	can someone who uses ninja trader private me when u are not busy	09:42
<+bazooka85>	Covered all ES Short @ 925.50 --> + 3
	Shorts ES @ 928.00	09:43
	Covered all ES Short @ 930.00 --> - 2
	Long ES @ 929.75	09:44
<+silo>	Exited 1/2 YM Long @ 8822 --> + 28	09:45
<+bazooka85>	Exited all ES Long @ 932.75 --> + 3
<+silo>	Exited Remainder YM Long @ 8855 --> + 61	09:46
<+bazooka85>	Long ES @ 932.75	09:47
<szubaark>	Shorts ES @ 932.25 «« paper »»	09:50
<fy260498>	sell stop to enter short ES @ 931.50 «« paper »»
<+bazooka85>	Exited all ES Long @ 935.75 --> + 3
<+szubaark>	Covered all Short ES at 936 --> - 3.75 «« paper »»
<+fy260498>	cancelled all open stop orders «« paper »»	09:51
<+silo>	Long YM @ 8871
<+bazooka85>	Shorts ES @ 936.75
	Covered all ES Short @ 933.75 --> + 3
	Shorts ES @ 935.50	09:52
	Covered all ES Short @ 937.50 --> - 2	09:54
	Shorts ES @ 937.75
	last short if it fails im sitting for a while
<+szubaark>	Shorts ES @ 934.75 «« paper »»	09:55
	bad fill
<+bazooka85>	Covered all ES Short @ 934.75 --> + 3
	very bad
	u got mine lol
	Shorts ES @ 937.00	09:56
<+fy260498>	sell stop to enter short ES @ 934.50 «« paper »»
<+silo>	Exited all YM Long @ 8886 --> + 15
	too dangerous
<+bazooka85>	Covered all ES Short @ 939.00 --> - 2
<+szubaark>	Covered all Short ES at 938.75 --> - 4 «« paper »»
<+bazooka85>	Long ES @ 937.00
<+szubaark>	Shorts ES @ 938 «« paper »»
<+bazooka85>	Exited all ES Long @ 935.00 --> - 2	09:57
<T-stop>	conf #'s @ :00
<+fy260498>	Covered all ES Short @ 932.75 --> + 1.75 «« paper »»
<+bazooka85>	Long ES @ 933.00
	Exited all ES Long @ 936.00 --> + 3	09:58
	gtg to escuela
	cya all, goooood luck, protect yourself	09:59
<+szubaark>	Covered all Short ES at 938 --> 0 «« paper »»
<+Maximus>	long ES 940.25
<+silo>	Long YM @ 8929	10:00
	one only
<+Maximus>	out ES 943.50 +3.25
<+silo>	Exited all YM Long @ 8939 --> + 10
<+Maximus>	internals firming up, new lows TRIN	10:01
<+silo>	Shorts YM @ 8950	10:02
<+szubaark>	Shorts ES @ 941.50 «« paper »»
<nqcruiser>	morning marc
<+nqcruiser>	gm all
<+szubaark>	Covered all Short ES at 945.25 --> - 3.75 «« paper »»	10:04
	gezzz
<@NihabaAshi>	Shorts ES @ 940.75 -> large size	10:09
	6 only
<+silo>	Covered 1/2 YM Short @ 8892 --> + 58	10:10
<+szubaark>	Shorts ES @ 936.25 «« paper »»	10:11
<+silo>	Covered Remainder YM Short @ 8881 --> + 69	10:12
<+szubaark>	chasing, missed good entry due to phone call :((	10:13
<+silo>	Shorts YM @ 8862	10:14
	one only
	greedy trade :)
	Covered all YM Short @ 8830 --> + 32
	hit a support level here	10:15
	be careful
	Long YM @ 8863
	one only
<+szubaark>	Covered all Short ES at 938 --> - 1.75 «« paper »»	10:16
	:(	10:17
<@NihabaAshi>	Covered all ES Short @ 937.50 --> + 3.25
<+silo>	Long YM @ 8870 -> Add
<pat255>	vn guys ..
<+silo>	Exited 1/2 YM Long @ 8900 --> + 30	10:18
	wow that was so fast my time and sales went blank for a second	10:19
<+szubaark>	Buys ES @ 941.75 «« 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.	10:20
<+silo>	remaining set to breakeven	10:21
	8868
<+szubaark>	Exited all Long ES at 937.75 --> - 4 «« paper »»
<+silo>	Exited Remainder YM Long @ 8868 --> + 5
<+szubaark>	:((
<+silo>	daily profit reached
	Shorts YM @ 8881	10:22
	one only
<+szubaark>	i havent had a winning trade yet :(
<+silo>	Shorts YM @ 8882
	add
	my bad
	Covered all YM Short @ 8909 --> - 27	10:23
	:\
<+szubaark>	Buys ES @ 942.75 «« paper »»
<+silo>	Shorts YM @ 8910	10:24
	one only so far
<+Maximus>	buy stop long ES 944.00	10:25
	Out ES 941.00 - 3	10:27
<+szubaark>	Exited all Long ES at 941.75 --> - 1 «« paper »»
	Shorts ES @ 941.75 «« paper »»
<+silo>	Shorts YM @ 8891 -> Add
<+szubaark>	Covered all Short ES at 941.50 --> + 0.25 «« paper »»	10:29
	starting to feel like Friday already LOL
	Buys ES @ 943.50 «« paper »»
<+silo>	fast action	10:30
<+szubaark>	geez
	Exited all Long ES at 940 --> - 3.5 «« paper »»
	Shorts ES @ 938.75 «« paper »»	10:31
<@NihabaAshi>	Shorts ES @ 939.00 -> small size
	3 only
<+szubaark>	tightening stop	10:36
	exit stop moved to breakeven ES @ 938.75 «« paper »»
<@NihabaAshi>	Covered all ES Short @ 937.25 --> + 1.75	10:37
<+szubaark>	Covered all Short ES at 938.75 --> 0 «« paper »»
<+Maximus>	pretty positive correlation between 6E and ES	10:38
<+szubaark>	Shorts ES @ 937.25 «« paper »»	10:39
	geezzzz
<+silo>	wow
	freaking a man
<+szubaark>	Covered all Short ES at 941 --> - 3.75 «« paper »»
<+silo>	i was up so much with this trade
	lol
	sigh	10:40
<+Maximus>	lol
<+szubaark>	friday chop crap
<+silo>	this will be a big move if it goes down
	IF	10:41
<+szubaark>	Buys ES @ 942 «« paper »»	10:43
<+silo>	Covered YM Short @ 8927 --> - 17
	Reverse and Enter Long YM @ 8927
	freaking a.... should've locked my short profits :(	10:44
	that was a nice gain :(
<+Maximus>	test HOD
	break of 47.50 .. thin up there too	10:45
	not alota conviction on the tape
<+silo>	Exited 1/2 YM Long @ 8959 --> + 68
<werner>	gm all	10:46
<+silo>	Exited Remainder YM Long @ 8949 --> + 22
<+Maximus>	could be accumlating before a push.. who knows.. tape is kinda odd	10:47
<+szubaark>	tightening stop
	exit stop set ES @ 945.25 «« paper »»	10:48
<+Maximus>	new highs es
	big orders.. wow	10:49
<+silo>	Shorts YM @ 8984	10:52
	Covered all YM Short @ 8967 --> + 17	10:55
	the ones i get out early are always the one that kept going... the one i held are always the one that goes back against me lol	10:57
	funny how that works	10:58
	Long YM @ 8958	10:59
	one only so far
	Long YM @ 8970 -> Add	11:00
	averaged at 8963	11:01
<+szubaark>	tightening stop
	exit stop set ES @ 946 «« paper »»
<+silo>	Exited 1/2 YM Long @ 9030 --> + 60	11:06
	Exited Remainder YM Long @ 9034 --> + 76	11:08
	2x daily profit reached	11:09
	Long YM @ 8995	11:14
	one only
	Long YM @ 9000 -> Add	11:15
	Exited all YM Long @ 8969 --> - 57	11:16
<+szubaark>	should bounce here hard to upside	11:17
	uh huh	11:19
	Exited all Long ES at 946 --> + 4 «« paper »»
	:(
	Buys ES @ 946.25 «« paper »»	11:24
<stargazer>	long 946 1 contract	11:25
<+silo>	Shorts YM @ 8938
	one only so far
	Shorts YM @ 8934 -> Add	11:26
<+szubaark>	Exited all Long ES at 943.25 --> - 3 «« paper »»	11:27
	Buys ES @ 944.75 «« paper »»	11:28
	Exited all Long ES at 942.50 --> - 2.25 «« paper »»	11:30
	Shorts ES @ 942.50 «« paper »»
	Covered all Short ES at 945.50 --> - 3 «« paper »»	11:31
	:((
	damn
	Buys ES @ 945.50 «« paper »»
	'sneaky frikin action	11:32
	Exited all Long ES at 942 --> - 3.5 «« paper »»	11:36
	Shorts ES @ 942 «« paper »»
	Covered all Short ES at 946 --> - 4 «« paper »»	11:41
	gezzz
	Shorts ES @ 944.75 «« paper »»	11:42
	TANK!!!!	11:43
<@NihabaAshi>	Long ES @ 944.50 -> small size	11:44
	2 only
<+szubaark>	tightening Stop	11:47
	exit stop moved to breakeven ES @ 944.75 «« paper »»
	its gonna spike soon, either up or down	11:48
<@NihabaAshi>	Exited all ES Long @ 942.50 --> - 2	11:49
<+szubaark>	Covered all Short ES at 944.75 --> 0 «« paper »»	11:50
	Buys ES @ 944.50 «« paper »»
	SNEAKY ACTION
<estrader1>	s45.50
<@NihabaAshi>	Long ES @ 945.75 -> small size
	2 only	11:51
<+silo>	damn we're stuck in this area	11:52
<+stargazer>	exit 946.5 +0.5
<+szubaark>	tightening Stop
	exit stop moved to breakeven ES @ 944.50 «« paper »»
	i need to be less aggressive on Fridays, which is where most of my heavy losing days occur	11:53
	Exited all Long ES at 944.50 --> 0 «« paper »»	11:54
	gezzzz
<@NihabaAshi>	Exited all ES Long @ 945.00 --> - 0.75
<+szubaark>	Shorts ES @ 944.50 «« paper »»	11:56
<@NihabaAshi>	Long ES @ 945.00 -> medium size
	4 only
<+estrader1>	everything says down bit having hard time breaking down
<+stargazer>	what says down??	11:57
	low vol but buyers at ask
<+estrader1>	60 min chart
<+szubaark>	Covered all Short ES at 946.50 --> - 2 «« paper »»	11:58
	Buys ES @ 946.50 «« paper »»
	Crap
<+Maximus>	jeez were not up or down 500+ pts by noon.. something fishy going on :)	12:01
<+szubaark>	this is terrible Chop
<+stargazer>	damn this range just setting up for 3pm est run
<+szubaark>	in the meantime they shaking out everyone LOL	12:02
<+silo>	Covered YM Short @ 8950 --> - 12
	Reverse and Enter Long YM @ 8950
<@NihabaAshi>	trailing stop @ profit
<+estrader1>	out -2
<+sav>	Long NQ @ 1319.00
<+Maximus>	alot of calls at the 100 level SPY, key psych levels across the boards	12:03
	so pin risk/action
	also at the 90 level.. could go either way
<+sav>	Exited all NQ Long @ 1319.25 --> + 0.25	12:04
<+silo>	Exited all YM Long @ 8955 --> + 26
<@NihabaAshi>	Exited all ES Long @ 948.25 --> + 3.25
<+szubaark>	Exited all Long ES at 946.50 --> 0 «« paper »»	12:05
	:((((
<+silo>	Shorts YM @ 8942
	back to my original short position
<+szubaark>	Shorts ES @ 946 «« paper »»
	Covered all Short ES at 949 --> - 3 «« paper »»	12:10
	Buys ES @ 949 «« paper »»
<+silo>	Covered all YM Short @ 8970 --> - 28	12:11
<+Maximus>	thin up here.. could move quick past 951.50 if it goes
<+silo>	Shorts YM @ 8967	12:12
	one only
	will add later
	Shorts YM @ 8963 -> Add	12:13
<+stargazer>	gotta break 951	12:15
<+szubaark>	exit stop set ES @ 945 «« paper »»
	last trade.. cant watch this crap anymore
<+Maximus>	take a break man	12:19
<+sav>	Long NQ @ 1326.5	12:21
<+stargazer>	finally broke 951
<+silo>	Covered all YM Short @ 8990 --> - 50	12:23
<+stargazer>	huge buying volume	12:24
<+sav>	Exited all NQ Long @ 1330.25 --> + 3.75
<+Maximus>	big
	breadth just went positive all sides	12:25
	we'll see	12:26
<+silo>	Shorts YM @ 8984
<+stargazer>	now volume neutral but still big
<@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.
<+sav>	Long NQ @ 1332.25	12:30
	Exited all NQ Long @ 1330.25 --> - 2	12:31
<MK>	that ym 9000 acted like it was hot oven	12:32
<+silo>	big ass cup	12:33
<+szubaark>	Exited all Long ES at 950.25 --> + 1.25 «« paper »»
	Shorts ES @ 950.25 «« paper »»
<+Maximus>	big cup on my TF on ES	12:38
	skys the limit it breaks over 958 ish	12:39
<mjc>	LONG es 951.25
<@NihabaAshi>	Shorts ES @ 953.25 -> small size	12:41
	2 only
<+Maximus>	long es 954.50
<+szubaark>	Covered all Short ES at 953.75 --> - 3.5 «« paper »»
	Buys ES @ 954.75 «« paper »»	12:42
<+silo>	Covered all YM Short @ 9012 --> - 28
<@NihabaAshi>	Covered all ES Short @ 955.25 --> - 2
<+szubaark>	fakeout,shakeout
<+silo>	wow you've gotten be kidding me :(
	sigh
<+mjc>	ES target 960
<+Maximus>	stop to b/e
	out ES 954.75 + .25	12:43
<+silo>	Long YM @ 9005	12:44
<+szubaark>	Exited all Long ES at 953.75 --> - 1 «« paper »»	12:45
	Shorts ES @ 953.75 «« paper »»
	this would be nice Long fakeout here	12:47
<+silo>	could go up to 9112 ym	12:48
	100 pts
	is possible
<@NihabaAshi>	Long ES @ 957.00 -> small size
<+szubaark>	Covered all Short ES at 957 --> - 3.25 «« paper »»
	damn
<@NihabaAshi>	2 only
<+szubaark>	Buys ES @ 957 «« paper »»
<+Maximus>	1000 es is possible
<+szubaark>	GOO!!!!!
<+Maximus>	it broke 958
<+silo>	hard market today though'
<+Maximus>	for sure	12:49
	hard market this quarter
<+silo>	the low volatility run up ruined my feel of the market :(
<+szubaark>	just trying to make up half my losses right now, as the Hole is deep
	yes, this Low Volatility switch they made today threw me off.. coudnt adjust..reason im still paper trading LOLL	12:50
<+mjc>	out ES +8
<+silo>	also cup and handle with increasing volume on this rise up handle
<+Maximus>	nice njc
	text book es cup and handle
<+szubaark>	what timeframe?	12:51
<+Maximus>	2000tick
<+silo>	the cup and handle is on most charts
	you shouldn't miss it haha
<+Maximus>	price is price
	doesnt really matter the TF
	as long as its not 10 min plus
<+silo>	Exited 1/2 YM Long @ 9071 --> + 66	12:52
<@NihabaAshi>	Exited all ES Long @ 961.50 --> + 4.5
<+szubaark>	Nice Niha. Good patience waiting for the breakout.
<+Maximus>	nice niha
<+silo>	i'm here too you know?	12:53
	ahahaha
<+Maximus>	oh sick silo
	lol
<+szubaark>	NICE SILO
<+silo>	:D
	you're sending me over the edge with that red text szu
<+Maximus>	dow +100
	man.. rushin	12:55
<+silo>	Exited Remainder YM Long @ 9128 --> + 123	12:56
	shorting soon
	Shorts YM @ 9138
	one so far
<+szubaark>	damn, i need to be more patient in these low volatility conditions.. shows my Discipline problem
<+silo>	Shorts YM @ 9123 -> Add
<+Maximus>	short ES 966.25
	moved to 1 pt stop	12:58
	moved stop to b/e+1tic
<+silo>	Covered 1/2 YM Short @ 9091 --> + 32	12:59
<+Maximus>	Out ES 966 +.25
	they want it
<+silo>	Covered Remainder YM Short @ 9130 --> + 8	13:00
	looks like it'll give a second chance at shorting the top
	:)
	Shorts YM @ 9133
	one only
<+szubaark>	LOL
<+silo>	Covered all YM Short @ 9158 --> - 25	13:01
	one only
	Shorts YM @ 9165
	one only
<+Maximus>	short ES 972.75
<+silo>	Shorts YM @ 9169 -> Add
	lose one one contract	13:02
	win big on 2
	:)
<+Maximus>	1 pt risk
<+silo>	trying to at least
<+Maximus>	Out ES 970.75 +2
<+szubaark>	Max u not eminitrader are you? he was so good he used no more then 1pt Stop	13:03
<+Maximus>	no
	just my strategy with 1 pt stops in spike pull backs..
	not worth the big risk.. just pure play scalps
	im not posting every single trade.. there were 2 others 1 loss 1 win	13:04
<+MK>	Exited all ES Long @ 970.5 --> - 11.75 «« paper »»	13:05
<+Maximus>	Short es 969.00	13:07
<+silo>	Covered all YM Short @ 9138 --> + 58	13:08
<+Maximus>	out ES 970.00 -1
<+silo>	daily profit reached
<+MK>	Shorts ES @ 970 «« paper »»
<+silo>	Long YM @ 9127	13:14
	Exited all YM Long @ 9100 --> - 27	13:17
<+szubaark>	trying hard to retrace
<AustinJM>	might be setting up another support area for the late afternoon push	13:21
<+Maximus>	might make the push for 1000es.. pin. extreme open interest	13:22
<+AustinJM>	i want to see a nice big body push passed this upper resistance though	13:23
	no confirmation in a wandering price
<+szubaark>	coming up :)
<+AustinJM>	hopefully	13:24
<+silo>	getting ready to pick top again :)
<+szubaark>	lots of 1000 Strike Options out there that need to be cleaned out
<+Maximus>	even bigger cup and handle lol es	13:25
<+silo>	Shorts YM @ 9174	13:27
<+AustinJM>	hope you reversed that silo	13:30
<+szubaark>	silo, the Top and Bottom picker	13:32
<+silo>	Covered all YM Short @ 9200 --> - 26
	hey i lose on the smaller ones	13:34
	worst is i come breakeven with these picsk
<+AustinJM>	your wins are pretty big
<+silo>	Shorts YM @ 9128	13:37
	one
<+szubaark>	9128 or 9218??	13:38
<+AustinJM>	gotta be 218
<+silo>	Shorts YM @ 9236 -> Add	13:39
<+AustinJM>	i think thats a good call
<+szubaark>	NOT	13:40
<+silo>	Covered all YM Short @ 9260 --> - 156
	eh?
	wtf
<+Maximus>	whoa
<+silo>	oh ok
	i entered the wrong number on the first short
	before the add
	put in 9128	13:41
	hehe
	Shorts YM @ 9265
<+AustinJM>	short ym 9262
<+szubaark>	thats a strong White Body candle to be Shorting into	13:42
<+silo>	was too early on the shorts earlier	13:43
	didn't obey the rules
	this one should work out
<+AustinJM>	out YM +29
<+silo>	just have to exit at the right time :\
	which is pretty hard when it comes to these plays
	never know when they will shoot up again
<+AustinJM>	yup, take those small 20 pointers	13:44
	im recording this, going to sim trade it and work on my ATM trails	13:45
<+szubaark>	Austim what software?
* Timer	1 activated	13:46
	1 halted
* nqcruiser	was kicked by NihabaAshi (nqcruiser)
<+AustinJM>	NinjaTrader with zen-fire feed	13:48
<+silo>	Covered 1/2 YM Short @ 9200 --> + 65
<+AustinJM>	VN silo	13:49
<+codehead>	possible ghosts szu
<+Maximus>	short ES 976.50
<+codehead>	possible target 9115-9120
<+Maximus>	out ES 979.00 - 2.5	13:51
<+silo>	Covered Remainder YM Short @ 9203 --> + 62
<+Maximus>	long es 980.75 buy stop	13:53
	cxl	13:54
<+silo>	Shorts YM @ 9175
	-X- Ban for *!*@80.246.0.90 removed in channel #SwingTradingTSL
	-X- Ban for *!*@80.246.0.90 removed in channel #FuturesTrades	13:55
<+AustinJM>	i dont see it still shorting, hammer formed and failed to close below hammer on next bar	13:56
<+silo>	Covered all YM Short @ 9200 --> - 25
	man this is horrible
	:\
<+AustinJM>	reference a tick chart 250-350 any number is fine	13:57
	loook for strong confirmations
	and run the volume profiles it will help you with those big swing trades you are so famous for haha
	when the profiles have small lines then there is little resistance and price 90% of the time moves through it quickly
<+silo>	Shorts YM @ 9177	13:58
	one winning trade
	follow by a losing trade
	lol
	and back and forth and back and forth
<+szubaark>	LOL	13:59
	this is a tough chart today..easy to lose it
<+silo>	Covered all YM Short @ 9202 --> - 25
<+szubaark>	they do this at least 1-2 a week to piss you off
	im working on controlling myself on days like today, its not easy	14:00
<+silo>	Long YM @ 9203
<+Maximus>	i think the conspiratory ideology is throwing you off a bit.. im not saying manipulation doesnt exist, it does.. but every move, I don't believe, is engineered against you :)	14:01
<@NihabaAshi>	Long ES @ 982.00 -> small size
<+AustinJM>	i always find, to avoid bad entries when market behaves like this, BE PATIENT :) just make sure the bars close where you want them to
<@NihabaAshi>	2 only
	Exited ES Long @ 982.25 --> + 0.25	14:02
<+Maximus>	Short ES 981.00	14:03
<+AustinJM>	missed the entry there
<+Maximus>	Out ES 980.00 +1
<+szubaark>	Exited all Long ES at 979.50 --> + 22.5 «« paper »»
	that lesses the damage from earlier losses a bit
<@NihabaAshi>	Long ES @ 981.25 -> small size
	1 only	14:04
<+szubaark>	Buys ES @ 983.25 «« paper »»
	:((
<+Maximus>	Short ES 981.25	14:05
<+AustinJM>	big lines, small bodies	14:06
<+Maximus>	Out ES 981.00 + .25
	taking late lunch
<+szubaark>	yup, typical Low Volatility action
<@NihabaAshi>	Exited ES Long @ 981.50 --> + 0.25	14:07
<+szubaark>	Exited all Long ES at 979.25 --> - 4 «« paper »»
<@NihabaAshi>	Shorts ES @ 979.25 -> small size	14:08
	1 only
<+szubaark>	Shorts ES @ 978.25 «« paper »»	14:09
<@NihabaAshi>	Covered ES Short @ 975.75 --> + 3.5
<+szubaark>	exit stop moved to breakeven ES @ 978.25 «« paper »»	14:12
	either breaks or im out,probobly chop here
<+silo>	Exited YM Long @ 9170 --> - 33	14:14
	Reverse and Enter Short YM @ 9170
	freaking a man
	what a stupid market
<+szubaark>	its Friday, most difficult day of the week to trade
<@NihabaAshi>	Shorts ES @ 972.25 -> small size
	1 only	14:15
	Covered ES Short @ 973.00 --> - 0.75	14:17
	Shorts ES @ 972.75 -> small size	14:19
	1 only
	Covered ES Short @ 966.00 --> + 6.75	14:21
<+silo>	Covered 1/2 YM Short @ 9100 --> + 70
<+AustinJM>	verny nice niha & silo	14:22
<+szubaark>	Covered all Short ES at 965 --> + 13.25 «« paper »»	14:24
<+AustinJM>	Have a good weekend all
<+T-stop>	cya
	same to you	14:25
<+silo>	Covered Remainder YM Short @ 9087 --> + 83	14:28
<@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.	14:29
<+silo>	Shorts YM @ 9127	14:32
	one only
	Shorts YM @ 9122 -> Add	14:33
	if it goes down it could bea big move	14:35
	but at the same time risky shorts
	since wer are bouncing off the bottom of hte trendline
<@NihabaAshi>	Long ES @ 967.50 -> small size	14:37
	1 only
	Exited ES Long @ 965.50 --> - 2	14:38
	Shorts ES @ 965.25 -> small size	14:39
	1 only
<+silo>	if we go down here could be a big one
<+szubaark>	Shorts ES @ 962.25 «« paper »»
<@NihabaAshi>	should'uv reversed that Short instead of trying to outsmart the market
<+silo>	Covered 1/2 YM Short @ 9034 --> + 88	14:40
<@NihabaAshi>	Meant should'uv reversed the Long into a Short much early...
	Try to get smart and market burnt me
<+szubaark>	exit stop moved to breakeven ES @ 962.25 «« paper »»
	i guess Niha even u do it :)
<+silo>	Covered Remainder YM Short @ 8985 --> + 142
<+T-stop>	silo nice read	14:41
<@NihabaAshi>	Yep...can't outsmart the market...best to just get good at REACTING to the market
<+T-stop>	thought up there
	wtg
<+silo>	will be picking bottom soon
<+sav>	nice silo
<+silo>	Long YM @ 9024	14:42
	one only
	Long YM @ 9032 -> Add	14:43
<+szubaark>	hammer trying to form :(
<@NihabaAshi>	Covered ES Short @ 960.00 --> + 5.25
<+szubaark>	uh huh	14:44
<@NihabaAshi>	If ES can get back above 963.00	14:45
	I'm looking for a Long position
<+silo>	Exited all YM Long @ 9030 --> + 4
<@NihabaAshi>	If it doesn't get there...I'm be zoning in on Shorts
<+silo>	exited early	14:46
	oh well
	will get ready for shorts
<+szubaark>	exit stop set ES @ 960 «« paper »»
	needs to go down here or im OUT
<+silo>	Long YM @ 9030	14:47
	one
<+Maximus>	line the sand at 958'ish
<+szubaark>	Covered all Short ES at 960 --> + 2.25 «« paper »»
	Buys ES @ 961.75 «« paper »»	14:48
	damn bad fill
<@NihabaAshi>	Long ES @ 963.25 -> small size
<+silo>	Exited all YM Long @ 9077 --> + 47
<@NihabaAshi>	1 only
<+silo>	one contract only
<+szubaark>	exit stop moved to breakeven ES @ 961.75 «« paper »»
<+silo>	2x daily profit reached
<+szubaark>	Volatility picking up
<+silo>	8980 is support for YM
	if we break it, it'll get ugly	14:49
<+szubaark>	would be surprised if they do anything until 3pm Eastern
<@NihabaAshi>	Exited ES Long @ 965.75 --> + 2.5
<+szubaark>	senior traders are still enjoying their Looongggg Lunch	14:50
<+silo>	Shorts YM @ 9062
	one only
<+szubaark>	exit stop set ES @ 962.25 «« paper »»	14:52
<@NihabaAshi>	Shorts ES @ 962.75 -> small size
<+szubaark>	Exited all Long ES at 962.25 --> + 0.5 «« paper »»
<@NihabaAshi>	1 only
<+silo>	Covered all YM Short @ 9076 --> - 14	14:53
	could go either way really :(	14:54
<+szubaark>	Shorts ES @ 961.25 «« paper »»	14:55
<+MK>	Covered all ES Short @ 960.75 --> + 9.25 «« paper »»
<@NihabaAshi>	Covered ES Short @ 960.75 --> + 2	14:56
<+szubaark>	Covered all Short ES at 964 --> - 2.75 «« paper »»	14:57
<+silo>	Long YM @ 9087	14:58
	full size
<+szubaark>	Buys ES @ 965.75 «« paper »»
<@NihabaAshi>	sneaky price action
<+szubaark>	Exited all Long ES at 961.50 --> - 4.25 «« paper »»	14:59
<+silo>	Exited all YM Long @ 9050 --> - 37
<+szubaark>	damn
	Shorts ES @ 961.50 «« paper »»
	TANK!!!!
<@NihabaAshi>	I feel like a horse and someoen is waving a carrot or apple in front of my face to trick me into moving :)
<+szubaark>	Whipsaw Time!!
	these Stopouts making me real GREEDY on my Targets	15:00
<@NihabaAshi>	Shorts ES @ 964.00 -> small size
	1 only
	I took the bait again
<+silo>	Long YM @ 9080
	one only
<+szubaark>	Covered all Short ES at 967 --> - 5.5 «« paper »»
	Buys ES @ 967 «« paper »»
<@NihabaAshi>	Covered ES Short @ 966.00 --> - 2
	didn't tast too good either	15:01
<+szubaark>	each trade is hard work
<+silo>	Long YM @ 9118 -> Add
<@NihabaAshi>	szu...it's not suppose to be easy.
<+szubaark>	tell me about it
<@NihabaAshi>	If it was...everybody would want to be trading.	15:02
<+szubaark>	i knew day like this was coming, we had some great Volatility and im on a 10 day Winning Streak
<+silo>	will shorts get scared and all cover here?
	let's see	15:03
<+szubaark>	looks like today my winning streak will come to an end.
<@NihabaAshi>	I have a friend that makes 225k per year as a vice president of computer network firm.
	he asked me what would it take to get involved in trading.
<+szubaark>	Exited all Long ES at 967.25 --> + 0.25 «« paper »»
<@NihabaAshi>	I told him to keep his job and forget about it.
<+szubaark>	LOl, Very good, Honest advice Niha.	15:04
<@NihabaAshi>	Just because he hears about all this volatility doesn't mean he can just quit and become a trader to make more dough
<+MK>	why didn't you tell him to learn your strategies and make money like you :)	15:05
<+szubaark>	:)
<@NihabaAshi>	This is the WORST type of volatility for someone to start trading for the FIRST time
	It's like getting in the ring without boxing lessons with the Mike Tyson types
<+MK>	isn't it better to get the worst out of the way from the start? then it's smooth sailing from there
<@NihabaAshi>	Lets put it this way...	15:06
	Here's your options...
<+MK>	or you're saying the emotional let down will be hard to come back from?
<+szubaark>	MK, i would rather learn to throw a Job first then Left,Right combination
<@NihabaAshi>	Fight the girl next door or Mike Tyson
	Once you learn how to whip the girl...take on the kid down the street	15:07
	once you get by the kid down the street...
	Take on a buddy you consider a whimp
	Continue moving up the ladder until you reach Mike Tyson
<+Maximus>	nice illiteration niha haha
<@NihabaAshi>	Starting off with Mike Tyson as your first boxing match...
	Most won't recover.	15:08
	Some NEVER
<+MK>	ok makes sense
<+Maximus>	im out all.. just closed out my options FTW.. have a great wknd all
<@NihabaAshi>	Anybody that following Mike Tyson career...
	Some of those guys he beat didn't fight again or maybe just once more.
<+silo>	Exited 1/2 YM Long @ 9102 --> - 16	15:09
<@NihabaAshi>	They became damage goods :)
<+silo>	tpp roslu
<+szubaark>	Tyson in his last 3 fights became damaged goods
<+silo>	Exited Remainder YM Long @ 9080 --> 0	15:10
<@NihabaAshi>	The point with the Tyso to Trading analogy...
<+szubaark>	Shorts ES @ 965.75 «« paper »»
<@NihabaAshi>	When we see, hear about the Tornado outside...
	Not a good time to run outside to take some pictures
<oaktree>	niha, since we are yaking... i just want to take this opportunity to express my appreciation for you as a trader and person. i have long admired your willingness to help others and your no bs. its hard to find such integrity in the trading circles. THANKS!!!	15:11
<@NihabaAshi>	Your welcome
<+oaktree>	:-)
<+szubaark>	exit stop moved to breakeven ES @ 965.75 «« paper »»
	i got 940 as Real Support	15:12
<@NihabaAshi>	Anybody that's been trading for awhile BEFORE the past few months when the EXTREME VOLATILITY showed up...
	Hopefully we've adapted to it.
	Those just showing up for the first time...
	Take a seat at ringside instead of getting in the ring.	15:13
<+szubaark>	or at least get on a Simulator
<@NihabaAshi>	We are only in the first few rounds of this CRAZY VOLATILITY
<+MK>	Long ES @ 960.5 «« paper »»	15:15
<+silo>	Shorts YM @ 9015	15:16
	one only
	Covered all YM Short @ 9025 --> - 10	15:18
<+szubaark>	what a fight going on
	like watching Barrera vs Morales I&II	15:19
<+T-stop>	agree gonna resolve soon
<+oaktree>	short spy 95.74 ppaer
<+silo>	Shorts YM @ 8996
	one
	Shorts YM @ 8975 -> Add	15:20
	support broken
<+werner>	nice wk all
<+silo>	hello!	15:21
<+szubaark>	thanks werner
	ok, time to draw FIBS
<+MK>	Long ES @ 949.5 -> Add «« paper »»
<+szubaark>	watching this 940 level	15:22
<+silo>	Covered all YM Short @ 8881 --> + 209
<+szubaark>	Volatility picking up to the downside
<+silo>	gonna pick this bottom
<+sav>	excellent silo
<+silo>	Long YM @ 8893
	one only
	Long YM @ 8820 -> Add	15:23
<+oaktree>	close spy 94.72 paper	15:25
<+silo>	Exited all YM Long @ 8950 --> + 187
	is that right?	15:26
	i dont even know
	but i'm up huge now :)
	that's all i care about
	3x daily profir reached
	profit
	didn't try to be greedy on this bounce
	:)
<+szubaark>	Im getting greedy to my early Stop outs	15:27
<+silo>	Shorts YM @ 8962	15:28
	one only
	off support 8980
	Shorts YM @ 8946 -> Add	15:29
<+szubaark>	Covered all Short ES at 955.75 --> + 10 «« paper »»	15:30
<+silo>	wow	15:31
	scary
<+szubaark>	3:30 this will get intresting
	Shorts ES @ 952.50 «« paper »»	15:37
<+silo>	here we go
	one more leg down?
<+szubaark>	it should Tank on one more leg
	exit stop moved to breakeven ES @ 952.50 «« paper »»	15:38
	940 is Strong Support	15:39
<+silo>	Covered all YM Short @ 8995 --> - 82
	eh?
	wtf
	8895
	wrong number typed in
	lol
	4x daily profit target reached
<+szubaark>	sucker wants to go back up	15:40
	tightening stop	15:41
	exit stop set ES @ 952 «« paper »»
	Covered all Short ES at 952 --> + 0.5 «« paper »»	15:42
	Buys ES @ 955 «« paper »»	15:44
	Exited all Long ES at 955 --> 0 «« paper »»	15:45
<+silo>	Shorts YM @ 8993
	one only
	set to breakeven	15:47
	just a greedy 1 contract trade
	lots of resistance here and reason to go down
	but wont be too greedy to look for new low
	:)
<+szubaark>	Shorts ES @ 950 «« paper »»	15:48
	needs to move soon, not much time left	15:49
<+silo>	Covered all YM Short @ 8930 --> + 63	15:50
<+szubaark>	Covered all Short ES at 950 --> 0 «« paper »»
<+silo>	close to 5x daily profits :)	15:51
	short by 200 bucks
	dont now
	dont = done
<+szubaark>	Shorts ES @ 947.75 «« paper »»	15:52
	c'mon lets get 940	15:53
	exit stop moved to breakeven ES @ 947.75 «« paper »»
<+silo>	have a good weekend guys	16:00
<+T-stop>	same to ya
<+silo>	hopefully market will be calmer next week yeha?
	yeah?
	:)
<+szubaark>	needs to break this 940, time is running out	16:02
	Covered all Short ES at 942.50 --> + 5.25 «« paper »»	16:03
<@NihabaAshi>	Shorts ES @ 940.75 -> small size	16:06
	1 only
<+szubaark>	they waited til last minute to get that 940 LOL	16:07
<@NihabaAshi>	Covered ES Short @ 940.00 --> + 0.75	16:10
	Didn't think it would get back above 940 by the close	16:11
	Shorts ES @ 939.00 -> small size
	1 only
	Covered ES Short @ 938.75 --> + 0.25	16:12
<+szubaark>	yup, still down for the day..tough Friday chart	16:13
<@NihabaAshi>	Good entries but got shook out too easily in the 940.75 short
<+szubaark>	My 10 day winning streak is Over thanks to this shitty chart today
	Volatility declined and i got caught in some Chop	16:14
<@NihabaAshi>	Now they bring it down as the one more last rush out the door...	16:15
	After my two Short covers.
	Oh well...there's another trading day.
	Take care all and have a good weekend.	16:16
	In a way, glad that the volatility wasn't as crazy today as it has been recently...
	Kind'uv needed a mental rest.
<winmax60>	thanks..nihaba... will see you next week...bye everyone..for now..	16:17
<@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: Sat Oct 18 00:00:00 2008	22:50
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)

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

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ICE Emini TF (formerly CME ER2)

CBOT mini-sized Dow Futures YM

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Eurex Fixed Income Derivatives BUND, BOBL and Schatz

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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

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