#FuturesTrades October 20th Monday 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: Mon Oct 20 09:28:01 2008Session Ident: #futurestrades
* Now	talking in #futurestrades	09:28
<@X>	[NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<ItalianSharp>	morning all
<rickf>	.
<+rickf>	aaaaaand we're off.....	09:30
<rcox>	gm!
<ptcap>	gm!
<drt>	gm everyone	09:31
<+rickf>	bernanke on the hill @ 10	09:33
	paulson speaking sometime early pm
	leading indicators $ 10 too	09:34
<+ptcap>	long 10 tyz at 112.18 stop two tics lower	09:35
<szubaark>	Shorts ES @ 948.75 «« paper »»	09:37
<+ptcap>	sold 5 tyz at 112.19 still long 5
	stop moved up to 112.18
	sold 5 tyz at 112.18 stop hit	09:38
<pat255>	gm all
<+szubaark>	Covered all Short ES at 955 --> - 6.25 «« paper »»	09:39
<+rickf>	:(
<+szubaark>	jumped gun
<+rickf>	kind of a tenative tape thus far (to me, anyway)	09:40
<+szubaark>	Buys ES @ 954.75 «« paper »»
	Exited all Long ES at 953 --> - 1.75 «« paper »»	09:41
<PapaJon>	lots of indecision this am	09:42
<+rickf>	aye
<bazooka85>	gm
<@NihabaAshi>	Shorts ES @ 950.00 -> medium size	09:43
	4 only
<+szubaark>	Shorts ES @ 948.25 «« paper »»
<@NihabaAshi>	trailing stop @ profit	09:44
	Covered all ES Short @ 949.75 --> + 0.25	09:45
<+bazooka85>	whew	09:46
<+szubaark>	this is terrible
	continuation of friday Chop
	Covered all Short ES at 952 --> - 3.75 «« paper »»	09:47
	geezzz
<+rickf>	bleh	09:48
	shoulda stayed in bed	09:49
<werner>	lol
<@NihabaAshi>	[09:46] <+szubaark> this is terrible
	[09:46] <+szubaark> continuation of friday Chop
	szu...that's your subconscious saying DON'T TRADE.	09:50
<+bazooka85>	Shorts ES @ 954.75
<@NihabaAshi>	Simply, when you think the price action is good to trade...
	Also post the message in here.	09:51
<+bazooka85>	Covered all ES Short @ 956.50 --> - 1.75
<@NihabaAshi>	Thus, use #FuturesTrades to keep track of ALL your thoughts and not just when you should not be trading.
<+bazooka85>	Shorts ES @ 957.50	09:52
<Maximus>	gm all	09:53
<+rickf>	long es 957 50
<+werner>	gm max
<pttrad>	bought 10 tyz at 112.18 stop 1.5 tics lower
<+Maximus>	welcome back rick	09:54
<+szubaark>	Buys ES @ 958 «« paper »»
<silo>	man problem with internet today
	:(
<T-stop>	you hav'nt missed anything
<sav>	Shorts NQ @ 1324.75	09:55
<+sav>	Covered all NQ Short @ 1327.75 --> - 3	09:56
	:(
<+bazooka85>	Covered all ES Short @ 959.25 --> - 1.75
	:(
<+sav>	Long NQ @ 1332.75	09:57
<+bazooka85>	gtg all
	good trading
<+sav>	Exited all NQ Long @ 1335.75 --> + 3
<@NihabaAshi>	Long ES @ 962.75 -> medium size
<+pttrad>	stop hit sold 112.17
<+sav>	:)
<+rickf>	exit es 62.50
<@NihabaAshi>	4 only
<+rickf>	+5
	thx max - good to be back	09:58
	(i don't talk when in a position) :)
<+pttrad>	not much volume up here	10:01
<@NihabaAshi>	Exited all ES Long @ 968.00 --> + 5.25
<+rickf>	wtg niha
<@NihabaAshi>	Yeah especially when I almost dumped it for +0.25 profit when I saw the price stall for a little while
<+rickf>	tempted to go long again but not with bernake coming on soon	10:02
	i would have stayed in on that long from 57.50 but i dragged my stop too high by accident and it fired :(
<+pttrad>	bernanke didnt hurt
<+rickf>	pttrad - not yet, anyway heh	10:03
<+pttrad>	heard that
<+Maximus>	bernake speaking	10:06
<+pttrad>	his statement was released at 10 est, so until question perioud if there is even one, nothing new	10:07
<+szubaark>	Exited all Long ES at 962.25 --> + 4.25 «« paper »»
<+pttrad>	there will be a question period today	10:08
<+rickf>	yep	10:10
	gm	10:11
<silo>	Long YM @ 9058
<+silo>	Exited all YM Long @ 9030 --> - 28	10:12
<+szubaark>	Shorts ES @ 962.25 «« paper »»
<+rickf>	short es961	10:14
<+szubaark>	tightening stop	10:15
<+rickf>	out 959 +2
<+szubaark>	exit stop moved to breakeven ES @ 962.25 «« paper »»
	Covered all Short ES at 962.25 --> 0 «« paper »»	10:19
<+silo>	Shorts YM @ 8985	10:23
* Tintin	: hi all	10:24
<+silo>	Covered all YM Short @ 8986 --> - 1	10:25
<+szubaark>	Buys ES @ 958 «« paper »»	10:27
<+sav>	Shorts NQ @ 1315.00	10:29
	Covered all NQ Short @ 1314.75 --> + 0.25	10:30
<+silo>	Long YM @ 8982	10:31
* +Tintin	----[ buys cl @ 74.29 ]----	10:33
<+silo>	Exited 1/2 YM Long @ 9019 --> + 37
* +Tintin	----[ buys cac @ 3432 ]----	10:34
	----[ shorts eur @ 1.3306 ]----
<+silo>	Exited Remainder YM Long @ 9025 --> + 43
<+pat255>	vn	10:35
<+silo>	Shorts YM @ 9022	10:37
<+szubaark>	Exited all Long ES at 958 --> 0 «« paper »»
	:((
<+sav>	Shorts NQ @ 1318.25	10:38
	Covered all NQ Short @ 1318.00 --> + 0.25	10:39
<+szubaark>	Buys ES @ 960.25 «« paper »»	10:40
* +Tintin	----[ shorts gc @ 788.2 ]----	10:41
<+silo>	Covered all YM Short @ 9035 --> - 13	10:42
* +Tintin	----[ covers cac @ 3442 +10 ]----	10:43
<+szubaark>	Exited all Long ES at 956.25 --> - 4 «« paper »»
	Tough day so far	10:44
	Buys ES @ 958.75 «« paper »»	10:45
<+silo>	Long YM @ 9035
	Exited all YM Long @ 9035 --> 0	10:46
<+szubaark>	loys of shakes out there	10:48
<+pat255>	y
<Nesi>	Shorts YM @ 960.75 «« paper »»
<+sav>	Long NQ @ 1318.25	10:50
<+szubaark>	probobly just creep higher, Tick by Tick
<+sav>	Exited all NQ Long @ 1318.25 --> 0	10:51
* +Tintin	----[ covers eur @ 1.3296 +0.0010 ]----
<+sav>	alot of size trying to sell
* +Tintin	----[ covers gc @ 787.2 +1 ]----	10:53
<+szubaark>	Exited all Long ES at 956 --> - 2.75 «« paper »»
	Shorts ES @ 955.75 «« paper »»
	TANK!!!	10:54
<+rickf>	short from 68.75
* +Tintin	----[ buys cl @ 73.55 avg in ]----
<+sav>	Shorts NQ @ 1311.00
<+silo>	shorted 8936
	:P
<+szubaark>	looks like the Chop has returned since Friday
<+sav>	Covered all NQ Short @ 1309.00 --> + 2
<+silo>	will hold this one a little longer
<+sav>	oops 1308.00 +3	10:55
<+silo>	out half 8960
<+szubaark>	i need to hold for more as got whacked in that CHOP
<+Maximus>	short ES 953.25
* +Tintin	----[ buys gbl @ 114.70 ]----	10:56
<+sav>	taking a break
<+silo>	added back that half
<+Maximus>	Out ES 952.00 +1.25
<+rickf>	out es 52.75 +6
* +Tintin	----[ buys zn @ 112 48/64 ]----	10:57
<+Maximus>	to little wiggle room
	too*
<+szubaark>	yes max, if you wait for comformation your Stop will get popped due to the Low Volatility	10:58
* +Tintin	----[ shorts cac @ 3431 ]----	10:59
<+Maximus>	well, I just need to adjust the stop distance	11:00
* +Tintin	----[ covers cl @ 73.05 -0.50 all out ]----
<+Maximus>	question is how wide to keep a decent RR in low volatility
<+pttrad>	tintin what price is 112.48/64?	11:01
<+Tintin>	112.75	11:02
* +Tintin	----[ covers cac @ 3421 +10 ]----	11:03
	----[ covers gbl @ 114.80 +0.10 ]----	11:05
	----[ covers zn @ 112 53/64 +5/64 ]----	11:06
<+Maximus>	man shes is freaking out	11:08
	late ym short @ 8913	11:10
<+silo>	8835 is a support	11:11
	ym
	ym, es looking to fill gap
<+Maximus>	out YM @ 8880 +33
<+szubaark>	Covered all Short ES at 944.50 --> + 11.25 «« 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.	11:12
<+silo>	out half 8874
<+rickf>	back in a bit	11:13
<pdays>	Long ER2 @ 525.4	11:15
<+pdays>	Exited all ER2 Long @ 527.3 --> + 1.9	11:17
<+T-stop>	ben done	11:18
<+Maximus>	cutting today early, lots to do today.. good trading everyone	11:21
<+T-stop>	tks max, cya	11:22
<+silo>	scale back in 1/2	11:23
<+szubaark>	Shorts ES @ 950.50 «« paper »»	11:25
* +Tintin	----[ buys cac @ 3421 ]----	11:26
	----[ buys cl @ 72.34 ]----	11:28
	----[ covers cac @ 3431 +10 ]----	11:29
	----[ buys cac @ 3437 ]----	11:31
	----[ covers cl @ 72.64 +0.30 ]----	11:32
<+T-stop>	paulson about to speak	11:33
	now
* +Tintin	----[ covers cac @ 3443 +5 ]----
	----[ buys cac @ 3448 ]----	11:35
	----[ covers cac @ 3448 flat ]----	11:36
<+sav>	Long NQ @ 1307.00	11:40
	Exited all NQ Long @ 1303.00 --> - 4	11:41
	1304.00 -3
* +Tintin	: lunchtime ... bbl	11:42
<+szubaark>	Covered all Short ES at 957.50 --> - 7 «« paper »»	11:45
	gezzz
	Buys ES @ 958 «« paper »»	11:46
	need to take a break after this trade, getting frustrated
<+Tintin>	szubaark, no frustration if you have apply your exit rules	11:47
	even if this was a bad trade
<+szubaark>	i MOVED my Stop on that last trade, clear sign of frustration and lack of discipline..time to take a break	11:48
<+Tintin>	ok	11:49
<+szubaark>	tightening stop	11:56
	exit stop moved to breakeven ES @ 958 «« paper »»
	Exited all Long ES at 959 --> + 1 «« paper »»	12:00
	Shorts ES @ 959 «« paper »»
<oaktree>	sell ym 9012 out 8985 paper	12:01
<+rickf>	back	12:02
<@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 @ 957.25 -> large size	12:05
* codehead_afk	is now known as codehead	12:08
<+szubaark>	exit stop moved to breakeven ES @ 959 «« paper »»	12:09
<@NihabaAshi>	Covered all ES Short @ 958.75 --> - 1.5	12:10
<+szubaark>	Covered all Short ES at 959 --> 0 «« paper »»
	Buys ES @ 959.50 «« paper »»
<+sav>	Long NQ @ 1319.00	12:11
<@NihabaAshi>	Long ES @ 960.50 -> large size
	6 only
<+rickf>	long es 60
<+szubaark>	exit stop moved to breakeven ES @ 959.50 «« paper »»
<+sav>	Exited all NQ Long @ 1319.25 --> + 0.25
<+szubaark>	sneaky action since opening
<+rickf>	out b/e	12:14
<+oaktree>	buy ym 8980 out 9005 ppaer
<+szubaark>	Exited all Long ES at 959.50 --> 0 «« paper »»
	Shorts ES @ 959 «« paper »»
	Covered all Short ES at 961.50 --> - 2.5 «« paper »»	12:16
	Buys ES @ 963 «« paper »»
<+rickf>	long fro 60.75
<+szubaark>	damn
<+rickf>	out 64.75 +4	12:18
<+oaktree>	sell ym 9037 out 9040 paper	12:19
<@NihabaAshi>	Exited all ES Long @ 964.50 --> + 4
<+rickf>	vn niha	12:20
	long es 64	12:21
<+szubaark>	Exited all Long ES at 963 --> 0 «« paper »»
<+sav>	Long NQ @ 1325.00	12:22
<+szubaark>	Shorts ES @ 962.75 «« paper »»	12:23
<+sav>	Exited all NQ Long @ 1325.25 --> + 0.25
<+szubaark>	Looks like this planned upcreep is running out of steam LOL	12:24
<+sav>	taking a break	12:25
<@NihabaAshi>	Shorts ES @ 963.25 -> small size
	3 only
<+oaktree>	buy ym 9020 paper	12:26
<AustinJM>	well this is a third attempt at a daily high, but again, a fail	12:27
<@NihabaAshi>	volatility flatlining (going nowhere)
<+rickf>	out 61 -3	12:28
<+AustinJM>	draw a ray from the highest close near market open to highest close in the last 15 minutes and it will become graphically clear
<+oaktree>	out ym 9001 paper
<@NihabaAshi>	Covered all ES Short @ 960.75 --> + 2.5	12:29
<+szubaark>	Covered all Short ES at 964.75 --> - 2 «« paper »»	12:34
	Buys ES @ 964.75 «« paper »»
	well, its not going down either	12:35
<+rickf>	efing neurotic
<+silo>	Shorts YM @ 9018
<+rickf>	looking long over 65
	short bnelow 57
	otherwise just chop	12:36
<+szubaark>	we got used to the good Volatility last few weeks, before you know it, this chop crap coming back
	Exited all Long ES at 961 --> - 3.75 «« paper »»
	Shorts ES @ 961 «« paper »»
	TANK!!!!
<+oaktree>	buy ym 9019 paper	12:37
<@NihabaAshi>	Shorts ES @ 962.00 -> small size
	2 only
	I've been lucky so far not to have gotten "trapped" in this declining volatility since 1218pm est	12:38
<+oaktree>	out ym 8996 paper	12:39
<@NihabaAshi>	Covered all ES Short @ 960.50 --> + 1.5
	sideline...not going to push my luck a 3rd time.	12:40
	Will wait for normal (high volatility) to return :)
<+rickf>	vix at 60	12:42
<+werner>	did you enter in function of that wrb on the 1 min niha?
<+szubaark>	IF we break 56, should TANK and close gap	12:43
	Volatility increasing	12:45
	exit stop moved to breakeven ES @ 961 «« paper »»
	trying HARD to pick my Stop	12:47
	Covered all Short ES at 961 --> 0 «« paper »»	12:48
	:(((
<+werner>	dam bad price action	12:51
<+rickf>	horrible	12:52
<+szubaark>	Shorts ES @ 959 «« paper »»
	yea we wait for the weekend to be over and then market gives you this crap	12:53
<+rickf>	maybe the last hour will give us a break	12:54
<+szubaark>	this market has no "Heart" LOL
	Covered all Short ES at 959.25 --> - 0.25 «« paper »»	12:57
	Buys ES @ 959.75 «« paper »»
	exit stop moved to breakeven ES @ 959.75 «« paper »»	12:58
	Exited all Long ES at 959.75 --> 0 «« paper »»
	Shorts ES @ 958 «« paper »»	13:02
<+rickf>	short es 57.75	13:03
<estrader1>	long 57
<+silo>	Covered 1/2 YM Short @ 8962 --> + 56	13:05
<+szubaark>	how much heat did u take on that Short?	13:06
<+rickf>	?
<+szubaark>	Silo
<+rickf>	out 56 +1
<+szubaark>	Covered all Short ES at 957.50 --> + 0.5 «« paper »»	13:08
<+silo>	not much
	i shorted at 12:35
	it never went against me
<+estrader1>	out 1/2 58.5 +1.5	13:09
	out rest 60 +3	13:13
<@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.	13:15
<+szubaark>	Shorts ES @ 957.75 «« paper »»	13:17
	Covered all Short ES at 961.25 --> - 3.5 «« paper »»	13:19
	Buys ES @ 961.25 «« paper »»
	GOO!!!!!
<+estrader1>	short 62	13:21
	out 1/2 60.5 +1.5	13:22
	out rest 63-1 on other 1/2	13:25
<+szubaark>	Cant let your profits RUN in this type of Action LOL	13:41
<+rickf>	profits measured in ticks mostly if you dont catch those few 4-5 pt runs	13:42
<@NihabaAshi>	It's a TIGHT TRADING RANGE...
	Not a good day to try to catch a runner
	Take what you can get.
<+rickf>	yup
<@NihabaAshi>	Long ES @ 967.25 -> small size	13:49
	2 only
<+rickf>	long es 65.50
	out 66.50 +1
<@NihabaAshi>	Exited all ES Long @ 966.25 --> - 1	13:51
	Long ES @ 967.25 -> small size
	2 only	13:52
	Exited all ES Long @ 965.25 --> - 2	13:57
<MK>	Exited all ES Long @ 963.5 --> + 17 «« paper »»
<@NihabaAshi>	Shorts ES @ 965.00 -> medium size	13:58
	5 only
<+szubaark>	Exited all Long ES at 964 --> + 2.75 «« paper »»	14:00
<@NihabaAshi>	Covered all ES Short @ 964.50 --> + 0.5	14:02
	Long ES @ 967.25 -> small size	14:04
	2 only
<+szubaark>	Buys ES @ 968 «« paper »»
<+rickf>	long es 66.50	14:05
<@NihabaAshi>	Intraday regular session high 970.00	14:06
	trailing stop @ profit
	Exited all ES Long @ 970.50 --> + 3.25	14:07
<+rickf>	out 70.50 +4	14:09
<+szubaark>	Exited all Long ES at 968.75 --> + 0.75 «« paper »»	14:14
	Shorts ES @ 967.50 «« paper »»	14:17
<@NihabaAshi>	Long ES @ 964.50 -> small size	14:23
	1 only
	Exited ES Long @ 963.00 --> - 1.5	14:25
	Reverse and Enter Short ES @ 963.00
<+szubaark>	we made new high by 2 Points, NOT very convincing	14:26
	Buyers must be losing their confidance LOL
	exit stop set ES @ 967.25 «« paper »»	14:27
<@NihabaAshi>	Covered ES Short @ 965.00 --> - 2	14:28
<+rickf>	horrid day
<AustinJM>	I always find tick charts to be reliable during these types of markets
<+rickf>	is what i use	14:29
	still horrid
<+szubaark>	anybody making money today? LOL
<+MK>	Austin, what tick interval do you like?
<+AustinJM>	Anywhere from 250-310 on the YM	14:30
<+MK>	something different for others?
<+AustinJM>	I use YM since its $5/tick and I can afford a larger stop
<+szubaark>	nice. I need to work on patience and discipline on days like today.
<@NihabaAshi>	Shorts ES @ 962.75 -> medium size	14:31
<+rickf>	short es 62 75
<@NihabaAshi>	4 only
<+AustinJM>	Szubaark, patience is key any type of market. Especially this one
<@NihabaAshi>	support broke
<+szubaark>	this is CONTINUATION CHOP range from Friday
<+AustinJM>	short YM 9022. Covered 9008
<+szubaark>	i got 955 as Any Real Support
<+rickf>	jeesus = every time it moves 2+ in my favor, my b/e stop gets hit on a quick flip back
	:(
<+AustinJM>	Then set your Profit target to +2 :)	14:32
<+szubaark>	yes rick, i moved my Hard Stop few time because of that and got Hurt :(
<+rickf>	that's what i did
	oh
	gotcha
	yeah
<+AustinJM>	When they are choppy, you must be choppy. Just go with it. The day wont give you long whistanding trends, but it will hand you a nice quick and dirty 2 ptr
<@NihabaAshi>	volatillty declining	14:33
	not any more	14:34
<+rickf>	true
<@NihabaAshi>	Covered all ES Short @ 964.25 --> - 1.5	14:35
<+szubaark>	Covered all Short ES at 965 --> + 2.5 «« paper »»
	Hammer just formed
	Buys ES @ 965.50 «« paper »»
<@NihabaAshi>	Long ES @ 964.75 -> medium size	14:36
	4 only
<+silo>	Shorts YM @ 9048	14:37
<+szubaark>	Exited all Long ES at 963.50 --> - 2 «« paper »»	14:38
	damn
<+AustinJM>	feels as though another small downard move is coming	14:39
	that and my charts are telling me so
<+szubaark>	Buys ES @ 966.25 «« paper »»	14:40
	trying AGAIN
<+AustinJM>	apparently i was wrong
<+szubaark>	easy to pick up lots of Stop outs in this action and be down a lot :((	14:41
<+AustinJM>	we are moving into previous areas of low volume
	it may try to test that last high	14:42
	Long YM at 9070
<+silo>	Covered all YM Short @ 9070 --> - 22
<@NihabaAshi>	Exited all ES Long @ 969.25 --> + 4.5
<@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
<+AustinJM>	Exit YM @ 9088	14:44
	haha, bummer left some on the table
<+silo>	Shorts YM @ 9086	14:45
<+rickf>	looking long above 72	14:47
<+AustinJM>	short ym @ 9073
<+szubaark>	Exited all Long ES at 967.75 --> + 1.5 «« paper »»	14:50
* +Tintin	: back
<+MK>	Shorts ES @ 967.25 «« paper »»
<+sav>	late post	14:51
	Shorts NQ @ 1330.25
<+szubaark>	Shorts ES @ 966.50 «« paper »»
<+sav>	Covered all NQ Short @ 1328.25 --> + 2
<@NihabaAshi>	Shorts ES @ 965.75 -> small size	14:54
	1 only
	missed my entry @ 967.25 or higher
<+AustinJM>	Stop filled YM +2	14:55
<@NihabaAshi>	Covered ES Short @ 966.75 --> - 1
<+szubaark>	Covered all Short ES at 970 --> - 3.5 «« paper »»	14:59
<@NihabaAshi>	Long ES @ 970.00 -> small size
<+rickf>	long es from 68	15:00
<@NihabaAshi>	1 only
<+szubaark>	Buys ES @ 970.25 «« paper »»
<+MK>	Shorts ES @ 971.5 -> Add «« paper »»
<+silo>	wow freaking a man
<+szubaark>	tight Stop in case	15:01
<+silo>	if i let my trade in for too long they always go the opposite way
<+AustinJM>	lower highs, YM
<+silo>	@(*&#^@(*&$^#($
<@NihabaAshi>	Exited ES Long @ 972.25 --> + 2.25
<+szubaark>	u got out silo?
<+silo>	yeah
	out my bad forgot to post
	too angry about all these bullshit	15:02
	yeah stopped out
<+rickf>	out 72 +4	15:03
<+silo>	shot 9111
	short
<+AustinJM>	Short YM @ 9107	15:04
<+MK>	Shorts ES @ 972.25 -> Add «« paper »»
<+AustinJM>	Woo hoo :)	15:05
<+rickf>	wow
<+szubaark>	Exited all Long ES at 968.50 --> - 1.75 «« paper »»
<+silo>	dont get happy now
<+AustinJM>	out YM 9089
<+szubaark>	Shorts ES @ 968.75 «« paper »»
<+silo>	it's when you exit that matters :)	15:06
<+rickf>	i'm not and flat
<+AustinJM>	im flat
<+szubaark>	TANK!!! &*%$##@
<+silo>	i let a lot of good trades go to waste hoping to get a big move... but they all went against me and hit my stop :(
	out 1/2 9072
<+MK>	Covered all ES Short @ 966.5 --> + 6.5 «« paper »»
<+AustinJM>	Well we can't all be as greedy as Dick Fuld silo	15:07
<@NihabaAshi>	Traders waking up ???
	I'm calling it quits...taking my profits to the sidelines and will just watch because I'm no longer comfortable with this price action.
<+AustinJM>	Nothing wrong with that. A short work day :)	15:08
	I've been having success with volume based S/R breakouts	15:09
<+szubaark>	Covered all Short ES at 971.75 --> - 3 «« paper »»	15:13
<+T-stop>	vix -18% @57, feels like 27. may get a lot more of this, imo
<+szubaark>	Shorts ES @ 971.25 «« paper »»	15:14
	last trade
	when Volatility drops and we get Range chop days, i start getting losing days :(	15:15
<+MK>	Shorts ES @ 972 -> Add «« paper »»	15:16
<+AustinJM>	Do you keep a journal szu?	15:18
* NihabaAshi	is now known as NihabaAshi_away
<+szubaark>	yes.. u need to see thuosands of days like today to learn from it.its not easy
<+silo>	i've seen his journal	15:19
	it has a picture of a naked woman
<+szubaark>	these markets go thru Maniac and Depressent stages and thats whats so hard as one has to ADJUST from day to day
<@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.	15:21
<+AustinJM>	Short YM @ 9117
<+szubaark>	man they chopping it good here	15:23
	no small Stops gonna work LOL
<AustinM>	that made me warm on the inside out YM at 9095	15:24
<+MK>	Shorts ES @ 970 -> Add «« paper »»	15:26
<+sav>	done for day this isnt good stuff	15:27
<+rickf>	yeah me too	15:29
<+MK>	Shorts ES @ 970.25 -> Add «« paper »»	15:30
<+szubaark>	we had the same crap on Friday
	Covered all Short ES at 971.25 --> 0 «« paper »»	15:32
	pffffff
	Buys ES @ 974.25 «« paper »»	15:33
<+MK>	Shorts ES @ 974 -> Add «« paper »»
	Shorts ES @ 973.25 -> Add «« paper »»	15:34
* +Tintin	----[ buys es @ 972.25 ]----
	----[ covers es @ 975.25 +3 ]----	15:35
<+MK>	Shorts ES @ 977.25 -> Add «« paper »»	15:37
	Shorts ES @ 978 -> Add «« paper »»	15:38
* +Tintin	----[ buys tf @ 541.0 ]----
	----[ covers tf @ 542.0 +1 ]----	15:39
<bazooka85>	Long ES @ 976.00	15:42
<+szubaark>	Exited all Long ES at 974.25 --> 0 «« paper »»
<+silo>	k done for the day	15:43
<+bazooka85>	Exited all ES Long @ 974.00 --> - 2
<+silo>	will start fresh tomorrow
	and be mroe selective
	and exit trades faster instead of trying to catch the big ones	15:44
<+MK>	Shorts ES @ 976.75 -> Add «« paper »»	15:45
<+bazooka85>	good man	15:48
	slow last few min
	Long ES @ 976.25	15:49
<+szubaark>	well, this is 2nd in a row low Volatility day, lets see what they got planned for tomorrow	15:50
	but this today is just terrible	15:51
<+bazooka85>	go baby go	15:52
	Exited all ES Long @ 979.25 --> + 3
<+rickf>	unreal - today was a major learning day for me	15:54
<+werner>	for me too :)	15:56
	gn all
<+rickf>	cya
<+bazooka85>	Shorts ES @ 986.00	15:59
	Covered all ES Short @ 985.50 --> + 0.5	16:00
<+rickf>	ok guys see you tomorrow	16:14
* +Tintin	: bye all	16:18
Trading Edge:  Strategies	If your an independent trader looking for an edge to help you traverse around obstacles to profitable trading...a method that's well defined, gives you a better understanding of the markets, applicable for day trading, position trading, swing trading, market seasonal tendencies, position size management, intermarket analysis with a money back guaranteed policy...click here.
	Trading Strategies ->   Strategies used by NihabaAshi, from entry to exit, exploit inefficiencies in the price action for profits of the following trading instruments via WRB Analysis and Intermarket Analysis: Emini Index Futures (EMD, ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Index Derivatives (DAX, ESTX50), Euronext Index Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Energy Futures (CL, NG, HO, QM), COMEX Metals Futures (GC), Forex Currencies (EurUsd, EurYen, UsdCdn), Exchange Traded Funds (DIA, GLD, OIH, IWM, QQQQ, SPY, XLE) and Hang Seng Index Futures (HSI)

We are proud to say that our chat room members are from the following geographical areas in the world:

Argentina, Australia, Belgium, Brazil, Canada, Denmark, France, Germany, Greece, Hong Kong (China), Italy, Japan, Mexico, Portugal, Puerto Rico (U.S.), Saudi Arabia, Singapore, Spain, United States and Venezuela.

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

CME Emini Futures EMD, ES and NQ   

ICE Emini TF (formerly CME ER2)

CBOT mini-sized Dow Futures YM

Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50

Eurex Fixed Income Derivatives BUND, BOBL and Schatz

Euronext Futures FTSE-100 and CAC-40

CME Futures EuroFX EC

Treasury Futures T-Notes ZN, ZF and T-Bonds ZB

Forex Currencies EurUsd, EurYen and UsdCdn

Exchange Traded Funds DIA, IWM, QQQQ, SPY, OIH, XLE and GLD  

NYMEX Energies Light Crude Oil CL, e-miNY QM and Natural Gas NG

COMEX Metals Gold GC and ZG

Hang Seng Index Futures HSI

Last of all, if you have any questions about any of the above commentary, specific trades et cetera...

Don't hesitate to ask your questions and we'll reply back as soon as possible.

Sincerely,

M.A. Perry and Associates

TheStrategyLab.com

 questions@thestrategylab.com

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