#FuturesTrades October 21st Tuesday 2008 Trade Log

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

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

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

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

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

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

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

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

	#FuturesTrades purpose, benefits and access info for day traders, swing traders and position traders...click here.
Time Zone Info	Chat Log below is eastern standard time (est.) - New York City, U.S.A and/or Montréal, Canada time zone.
<@X>	#FuturesTrades Info ->  No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended without their permission. More info at http://www.thestrategylab.com/FuturesTradesChatRoom.htm
	Session Start: Tue Oct 21 09:20:19 2008Session Ident: #futurestrades
* Now	talking in #futurestrades	09:20
<@X>	[NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<pat255>	gm all
<ItalianSharp>	morning all	09:22
<PapaJon>	gm all
<TraderG>	gm every 1	09:23
<werner>	gm all
<drt>	gm	09:28
<ptcap>	gud morning all
<futurible>	gm all	09:31
<silo>	wow NQ tanking	09:33
<+silo>	Long YM @ 9132	09:34
	one only
	Long YM @ 9153 -> Add	09:35
	Exited 1/2 YM Long @ 9166 --> + 13
	Exited Remainder YM Long @ 9143 --> + 11	09:36
<+ptcap>	sold 10 zn 113.21	09:37
<rcox>	gm all!	09:40
<+silo>	Shorts YM @ 9184	09:41
	one only so far
	Shorts YM @ 8179 -> Add
<+ptcap>	bought 10 zn 113.20	09:42
<+silo>	Covered all YM Short @ 9193 --> - 1023	09:45
	?
	that's wrong obviously
<szubaark>	huh?
<+silo>	man i could've gotten out with a profit on that one
	have to be quick today
	Shorts YM @ 9178
<Nesi>	Shorts YM @ 974.00 «« paper »»	09:46
<+szubaark>	Shorts ES @ 972.75 «« paper »»	09:48
<@NihabaAshi>	Shorts ES @ 972.00 -> medium size	09:50
	4 only
<+szubaark>	exit stop moved to breakeven ES @ 972.75 «« paper »»
<sav>	Shorts NQ @ 1327.25	09:51
<+silo>	Covered 1/2 YM Short @ 9130 --> + 48
<@NihabaAshi>	trailing stop @ profit
<+sav>	Covered all NQ Short @ 1327.00 --> + 0.25
<+silo>	Covered Remainder YM Short @ 9134 --> + 44
<@NihabaAshi>	Covered all ES Short @ 971.25 --> + 0.75	09:52
	Shorts ES @ 970.00 -> medium size
	3 only
<+silo>	gonna take quick profits today
<+szubaark>	Covered all Short ES at 970.50 --> + 2.25 «« paper »»	09:54
<+silo>	Long YM @ 9152
	one only
	Long YM @ 9155 -> Add
<@NihabaAshi>	Lots of price noise so far this morning	09:55
	2 - 3 point range	09:56
<+werner>	indd niha
<@NihabaAshi>	Nothing new though...it's becoming more and more of the norm for the past 2 months
<+sav>	just gotta be patient and wait for something good	09:57
<+silo>	Exited 1/2 YM Long @ 9140 --> - 15
<+sav>	easier said than done though
<+pat255>	v true sav
<@NihabaAshi>	It looks good on entry but doesn't look so hot AFTER entry :)	09:58
<+szubaark>	exackly, No Followthru
<@NihabaAshi>	Covered all ES Short @ 970.75 --> - 0.75
	Shorts ES @ 972.75 -> medium size	10:00
	4 only
<+silo>	i sure am glad i took out half already	10:01
	this is ugly
	lol
<@NihabaAshi>	Covered all ES Short @ 974.75 --> - 2	10:02
<+silo>	Exited Remainder YM Long @ 9183 --> + 31
<@NihabaAshi>	Long ES @ 976.00 -> medium size	10:03
	4 only
<+silo>	Long YM @ 9193
	2
<@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.	10:06
<+szubaark>	Buys ES @ 978.50 «« paper »»
<@NihabaAshi>	Exited all ES Long @ 978.75 --> + 2.75	10:07
<+silo>	Exited all YM Long @ 9214 --> + 21
<+szubaark>	Exited all Long ES at 978.50 --> 0 «« paper »»
<+pat255>	vn guys ...
<+silo>	daily profit target reached
<+Nesi>	Shorts YM @ 980.00 -> Add «« paper »»	10:12
<+silo>	Shorts YM @ 9212
	one only
<+szubaark>	Shorts ES @ 978.50 «« paper »»	10:14
<+silo>	Covered all YM Short @ 9215 --> - 3	10:15
<+sav>	Long NQ @ 1348.25
<+silo>	just a greedy short hehe
	oh well
<@NihabaAshi>	Long ES @ 981.00 -> small size
	2 only
<+sav>	Exited all NQ Long @ 1348.5 --> + 0.25
<+szubaark>	Covered all Short ES at 982.50 --> - 4 «« paper »»	10:16
	:((
<+sav>	trailing stop too tight
<+szubaark>	Buys ES @ 983 «« paper »»
<@NihabaAshi>	Exited all ES Long @ 983.25 --> + 2.25	10:17
<+szubaark>	feels like im Swing trading LOL	10:21
<@NihabaAshi>	expecting a volatility spike here soon
	Long ES @ 93.00 -> small size	10:23
	2 only
<+silo>	Long YM @ 9246
	one only
<@NihabaAshi>	correction
	Long ES @ 983.00 -> small size
<+silo>	Long YM @ 9250 -> Add	10:24
	2 now
<@NihabaAshi>	I'm still waiting for a volatility spike
	If I don't get it soon...I'm dumping my Long
	Exited all ES Long @ 985.25 --> + 2.25	10:25
	Looks like that's as good as it's going to get.
<+szubaark>	Exited all Long ES at 984.25 --> + 1.25 «« paper »»
<@NihabaAshi>	Thus, I'm expecting volatility to know began declining for awhile.
<+silo>	Exited all YM Long @ 9240 --> - 16	10:26
<@NihabaAshi>	If I'm wrong...I'll miss out of some good price action.
<+silo>	man could've exited with a profit
	freaking a
<+szubaark>	Im just trying to limit my losses in this type of crap
<@NihabaAshi>	Going to take a long break to go eat lunch and watch some CNBC :)
* NihabaAshi	is now known as NihabaAshi_away
<T-stop>	lol
<+silo>	Shorts YM @ 9237	10:27
<+szubaark>	Shorts ES @ 981 «« paper »»	10:29
<+silo>	Covered 1/2 YM Short @ 9208 --> + 29	10:30
<+szubaark>	nice	10:31
	Covered all Short ES at 978 --> + 3 «« paper »»	10:34
<+silo>	Covered Remainder YM Short @ 9200 --> + 37
* Tintin	: hi all	10:41
<+sav>	Long NQ @ 1342.00	10:43
	Exited all NQ Long @ 1345.00 --> + 3
<+silo>	Shorts YM @ 9222
	2 full contract
<+szubaark>	Shorts ES @ 977.50 «« paper »»	10:47
<+silo>	Covered 1/2 YM Short @ 9195 --> + 27
<+sav>	Shorts NQ @ 1338.75
	Covered all NQ Short @ 1336.75 --> + 2
	painfully slow wait for that one
<+silo>	Covered Remainder YM Short @ 9186 --> + 36	10:49
	2x daily profit reached
<+szubaark>	Covered all Short ES at 976.25 --> + 1.25 «« paper »»	10:54
	too frikin jumpy
	hard to concentrate ON EVERY TICK when it jumps so much	10:55
<+pat255>	last week volt so high ..now it all disappeared ..	10:56
<+szubaark>	pat it has to switch back and forth otherwise we all would be millionaires LOL	10:57
<rickf>	gm all
<+pat255>	y true ...:)
<+szubaark>	hi rick
<+pat255>	gm rick	10:58
<+silo>	Long YM @ 9181	11:01
	one only
	greedy trade :)
	Exited all YM Long @ 9194 --> + 13	11:06
<+rickf>	greed is good :)
<+szubaark>	Shorts ES @ 975.25 «« paper »»	11:07
<+silo>	Shorts YM @ 9184
	2
<+szubaark>	Covered all Short ES at 975.25 --> 0 «« paper »»	11:09
	expecting Volatility spike soon	11:15
<+silo>	Covered all YM Short @ 9193 --> - 9
<+szubaark>	Shorts ES @ 975.50 «« paper »»	11:19
	tightening stop	11:20
	exit stop moved to breakeven ES @ 975.50 «« paper »»
<+silo>	looks like i got in a bit too early eh?	11:21
<+sav>	Shorts NQ @ 1333.25
	Covered all NQ Short @ 1330.25 --> + 3
<+rickf>	short es 74 25
<+szubaark>	this is my 2nd Short in this 975 area
	needs to break this 973
<+sav>	not enjoying this action always feels like it will go against me quickly	11:22
<+rickf>	out 73.25 +1
<+szubaark>	sav, one has to be REALLY picky with entries
	we got 2-3 Points on noise.. and thats my Stop usually	11:23
<+rickf>	short es 73
<+sav>	yep dont feel confident in this hard to tell where the momentum is going
<+szubaark>	there, its Stopping again, no followthru	11:24
<+sav>	taking a break
<+szubaark>	Covered all Short ES at 973.75 --> + 1.75 «« paper »»	11:27
	taking a break, too tough to trade this
* szubaark	is now known as szubaark_away
<+rickf>	out 74 -1	11:33
<+silo>	Shorts YM @ 9170	11:36
	one only
<+rickf>	short es 974	11:37
<+silo>	Shorts YM @ 6168 -> Add
	averaged at 9168	11:38
* NihabaAshi_away	is now known as NihabaAshi	11:39
<@NihabaAshi>	Shorts ES @ 974.75 -> small size
	3 only
	Covered all ES Short @ 975.50 --> - 0.75	11:40
<+silo>	Covered 1/2 YM Short @ 90 --> + 6078	11:41
	oops
	that's out half at 9190
<@NihabaAshi>	Long ES @ 976.00 -> medium size
	4 only	11:42
<oaktree>	sell ym 9189 paper
<@NihabaAshi>	Exited ES Long @ 973.75 --> - 2.25	11:44
	Reverse and Enter Short ES @ 973.75
	5 only
<+oaktree>	close ym 9168 paper
<+silo>	Shorts YM @ 9164 -> Add	11:45
<@NihabaAshi>	Covered ES Short @ 970.50 --> + 3.25	11:47
	Holding 1 contract remainder
<+silo>	Covered 1/2 YM Short @ 9130 --> + 34
	could be a good hold on remaining contract	11:49
	point and figure long term chart broke a triangle formation :)
	although 9100 is a support for YM	11:50
<@NihabaAshi>	Covered Remainder ES Short @ 967.00 --> + 6.75	11:51
<+silo>	Covered Remainder YM Short @ 9108 --> + 62
	high five?
	:)
<+rickf>	exit es 67 +9	11:52
<+silo>	no high five :_(	11:54
	Long YM @ 9115	11:55
	one only
	Exited all YM Long @ 9092 --> - 23	11:57
	hehe one only
	greedy trade
<+rickf>	short es 963	11:58
<+silo>	pikcing bottom soon
	Long YM @ 9144	11:59
	2
<+rickf>	exit 959 +4
	es
	any news come out to cause this drop-off?	12:00
<+werner>	don't see any :)
* codehead_afk	is now known as codehead	12:02
<+silo>	Exited all YM Long @ 9064 --> - 80
	eh?
	oh i entered my long position wrong
	should be 9044
	out at 9064
	+20	12:03
<+pat255>	vn
	guts
<+silo>	still have 9100 as resistance up there	12:04
	and based on how hard we dropped
	wanted to exit early
<MK>	Covered all ES Short @ 962 --> + 20 «« paper »»	12:06
<+MK>	Shorts ES @ 960 «« paper »»	12:09
<@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.
<+rickf>	nice silo	12:10
	that last es of mine was a gutsy short as well :|
<+silo>	:P	12:11
<@NihabaAshi>	Long ES @ 961.25 -> small size	12:13
	3 only
<+silo>	intuition correct?
	if price go above 9100 or below 9020 ... we will get a good move	12:14
	so as of now. in tht range
	risky business :)
<@NihabaAshi>	Exited ES Long @ 960.00 --> - 1.25
	Shorts ES @ 958.00 -> large size	12:15
	6 only
<+szubaark_away>	Shorts ES @ 958 «« paper »»
* szubaark_away	is now known as szubaark
<+rickf>	looking short below 55.50	12:16
<+szubaark>	exit stop moved to breakeven ES @ 958 «« paper »»	12:17
	Tight Stop
<+MK>	Covered all ES Short @ 956 --> + 4 «« paper »»	12:18
<+szubaark>	Covered all Short ES at 957.25 --> + 0.75 «« paper »»
<+rickf>	< - watching OHLC and Candles to see which he likes better
<+szubaark>	OHLC?	12:19
<+rickf>	open-hi-lo-close
	bars
<+szubaark>	u mean Bar chart?
	ok
	hammer just formed :(	12:21
<+rickf>	i think i like bars for EOD analysis of my trades, but candles for trading
<+szubaark>	Shorts ES @ 956 «« paper »»	12:23
<+MK>	Long ES @ 956.25 «« paper »»
<@NihabaAshi>	Covered all ES Short @ 957.50 --> + 0.5	12:24
<+szubaark>	Covered all Short ES at 959.75 --> - 3.75 «« paper »»
<AustinJM>	Good Afternoon all
<+szubaark>	stupid trade
<+MK>	Exited all ES Long @ 959.5 --> + 3.25 «« paper »»
<+szubaark>	Buys ES @ 959.75 «« paper »»
<+oaktree>	buy ym 9015 out ym 9058 paper	12:25
<+MK>	Shorts ES @ 961.5 «« paper »»	12:26
<+AustinJM>	Nice trade oak
<+silo>	hey austin!	12:27
<+rickf>	vn
<+oaktree>	thks
<+szubaark>	tightening Stop	12:32
	exit stop set ES @ 960 «« paper »»
<+silo>	looking for a possible long .... perhaps	12:36
<+szubaark>	exit stop set ES @ 961.50 «« paper »»	12:38
<+rickf>	long es 64.25
<+szubaark>	Exited all Long ES at 963.75 --> + 4 «« paper »»	12:40
<@NihabaAshi>	Shorts ES @ 961.75 -> small size	12:42
	3 only
<+szubaark>	Shorts ES @ 962 «« paper »»
<+silo>	Long YM @ 9079	12:44
	only only
<@NihabaAshi>	Covered all ES Short @ 962.25 --> - 0.5	12:46
<+szubaark>	exit stop set ES @ 964 «« paper »»
	trying to give this some wiggle room due to the Noise 2-3pt noise level
<+silo>	Exited all YM Long @ 9055 --> - 24	12:47
	one only :)
<+szubaark>	Covered all Short ES at 962 --> 0 «« paper »»
	Shorts ES @ 960.75 «« paper »»	12:48
<Guest>	Shorts ES @ 960.25 -> Add «« paper »»
<@NihabaAshi>	Shorts ES @ 959.75 -> medium size	12:49
	4 only
<+rickf>	out 61 -3
<+szubaark>	tightening Stop
<+AustinJM>	Santana makes charting fun
<+szubaark>	exit stop moved to breakeven ES @ 960.75 «« paper »»
<+Guest>	Covered all ES Short @ 958.5 --> + 4.75 «« paper »»	12:50
<@NihabaAshi>	I saw a similar spike retracement like this yesterday
<+szubaark>	Covered all Short ES at 960.75 --> 0 «« paper »»
	damn, people just grabing quick 1-2 points left and right
<+Guest>	Long ES @ 960 «« paper »»	12:51
<+AustinJM>	they add up szu
<+szubaark>	Shorts ES @ 958.75 «« paper »»
	I trade 1 contract, i need a few runners, otherwise i have no chance	12:52
<+AustinJM>	I trade 1 contract YM as well
	likely session low test YM
<+szubaark>	Covered all Short ES at 956.75 --> + 2 «« paper »»
	:)	12:53
<+Guest>	Long ES @ 956.5 -> Add «« paper »»
<+silo>	Long YM @ 9020	12:55
<+szubaark>	got out for 2, did not want to sit thru another "possible" retrace here at the lows due to the Low volatility
<rcox>	Long CL @ 71.10	12:56
<+pat255>	vn szu
<@NihabaAshi>	Covered all ES Short @ 957.25 --> + 2.5
<+szubaark>	thnx pat
	see, just what im talking about	12:57
<+AustinJM>	watch it stall out at this upcoming high volume level
<estrader1>	S58.50
<+AustinJM>	9039-042
<+Guest>	Long ES @ 957.5 -> Add «« paper »»
<+silo>	Exited all YM Long @ 9018 --> - 2	12:58
<+estrader1>	out 1/2 56.5+2
<+AustinJM>	tada, magic :)
<+silo>	Shorts YM @ 9016	12:59
	2
<+szubaark>	Shorts ES @ 954.50 «« paper »»
<@NihabaAshi>	Shorts ES @ 954.00 -> small size	13:00
<+estrader1>	out rest 53.5 +5
<@NihabaAshi>	3 only
<+silo>	could go down to 8950	13:02
	but time will tell
<+Guest>	Long ES @ 953.75 -> Add «« paper »»
<+szubaark>	Covered all Short ES at 954.50 --> 0 «« paper »»
<+AustinJM>	LONG YM @ 9010	13:03
<@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>	Covered all ES Short @ 955.00 --> - 1
	contracting volatility
	type I don't like
	FEAR
<+AustinJM>	Out YM @ 9016	13:04
	+6
<+szubaark>	any spike down, Indicator Divergance traders will jump all over it
<+AustinJM>	Long YM 9028
<@NihabaAshi>	Long ES @ 956.25 -> small size
	3 only
<+szubaark>	Volatility still dropping	13:06
<+AustinJM>	Out YM @ 9031 +3	13:07
<+silo>	Covered all YM Short @ 9040 --> - 24
<+AustinJM>	haha well bummer
	that would have been a nice long :P
<@NihabaAshi>	Exited all ES Long @ 960.00 --> + 3.75	13:08
<+szubaark>	Nice Niha.
<@NihabaAshi>	That volatility spike came from nowhere...
	Dark Side of the Moon
<+Guest>	Exited all ES Long @ 960 --> + 6.25 «« paper »»
<+estrader1>	s57.5	13:12
<+AustinJM>	expect a mini break on YM again	13:15
<+estrader1>	out 58.5-1	13:16
<+AustinJM>	Long YM @ 9047
<Maximus>	is that what you're listening to niha
<@NihabaAshi>	Yes and the timing was scary perfect	13:17
<+Maximus>	:)
<+szubaark>	Buys ES @ 961 «« paper »»
<@NihabaAshi>	It's a Pink Floyd type of trading day	13:18
<+AustinJM>	Out YM @ 9059 +13
<+oaktree>	sell ym 9060 paper
<+AustinJM>	What the Money kind of pink floyd?
<+Maximus>	or the wall	13:19
<+AustinJM>	:P
<+szubaark>	Exited all Long ES at 959 --> - 2 «« paper »»
	Shorts ES @ 958.50 «« paper »»
<+oaktree>	out ym 9058 ppaer	13:20
<+szubaark>	Covered all Short ES at 961 --> - 2.5 «« paper »»	13:21
	Buys ES @ 961 «« paper »»
<+sav>	Long NQ @ 1304.75
<+rcox>	out CL @ 71.61 +0,51
<+sav>	Exited all NQ Long @ 1307.50 --> + 2.75
<+Guest>	Shorts ES @ 964 «« paper »»
<+AustinJM>	close above 9095 YM could be a nice upward move	13:22
<+rickf>	long es fropm 60.75
<+szubaark>	Exited all Long ES at 966.25 --> + 5.25 «« paper »»
<+AustinJM>	Long YM @ 9104
<+Guest>	Shorts ES @ 966.5 -> Add «« paper »»
<+szubaark>	took 2 fakeouts but caught a nice Long
<+rickf>	out 65.75 +5
<+Guest>	Shorts ES @ 966 -> Add «« paper »»
<+rickf>	nice su
<+szubaark>	u too	13:23
<+rickf>	ty
<+szubaark>	a lot BETTER Volatility today then last 2 days.. Friday and Monday were just terrible CHOP	13:24
<+rickf>	better but not the "fun" kind yet :(	13:25
	2 weeks ago - that was fun
<+szubaark>	no that was last 2 weeks
<+rickf>	ah
<+silo>	time to trend up :)	13:35
<+szubaark>	lol
<+rickf>	long es 63.50
<+silo>	high of day !!!!!	13:36
	:)
<+szubaark>	silo Guru
<+silo>	just cleared 9100
<+estrader1>	s66
<+rickf>	out 66.50 +3	13:37
<+estrader1>	1/2 OFF 64.4 +1.5
	out rest 66 b/e	13:38
<+rickf>	what a fight	13:44
<+szubaark>	Shorts ES @ 965.50 «« paper »»
	exit stop moved to breakeven ES @ 965.50 «« paper »»	13:47
	Covered all Short ES at 965 --> + 0.5 «« paper »»	13:48
<+rickf>	sheesh	13:53
<+sav>	Shorts NQ @ 1300.5	13:57
	Covered all NQ Short @ 1302.5 --> - 2	13:59
<+rickf>	long es from 65	14:03
	out b/e	14:04
	:(
<@NihabaAshi>	Shorts ES @ 964.00 -> small size	14:09
	2 only
<+estrader1>	s65	14:11
<@NihabaAshi>	Covered all ES Short @ 966.00 --> - 2
<+estrader1>	out 66-1
<@NihabaAshi>	Long ES @ 966.75 -> small size	14:12
	2 only
<+rickf>	long es 66.50
<@NihabaAshi>	trade error
	needed to reverse that Short into a Long @ 766.00	14:13
	gave up 3 ticks on the mistake
<+rickf>	pt 66 -.5	14:14
	what's so special about 967?
	if we break to the upside it'll be a big move i think	14:15
<@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.
<+rickf>	major resistance tho
<+silo>	high of day !!!
	:)
<+T-stop>	may go green, imo	14:16
<@NihabaAshi>	Exited ES Long @ 971.00 --> + 4.25
* +rickf	caught that pop for +3
<+rickf>	too fast to type
<+silo>	major trendline broken to the upside	14:17
	:)
<+rickf>	long 70.50	14:18
<+Guest>	Shorts ES @ 972.5 -> Add «« paper »»
<+silo>	out half 9164	14:19
	out remaining 9180	14:21
	:)
<+T-stop>	vn
<+silo>	9058 was entry	14:22
* +rickf	put 72 +1.5
<+rickf>	long es 72.75	14:23
<+estrader1>	s74
<+silo>	small resistance here on ym
	but main one is still up above	14:24
<+rickf>	out b/e
<+oaktree>	sell ym 9180 paper
<+estrader1>	out 1/2 72 +2	14:25
<+rickf>	should be a 235-245 pop with the bond money coming in
	hopefully
<+silo>	looks like it will go up and test that resistance up there	14:26
<+estrader1>	out rest 74 b/e
<+silo>	i'm getting ready to pick top :)
<+rickf>	long from 74
<+szubaark>	silo Guru
<+T-stop>	silo, snds dangerous	14:27
	lol
<+silo>	dangerous is my middle name
<+T-stop>	ha
<+szubaark>	not if you a Guru
<+rickf>	out 74 be
<+silo>	i might not try it... depends on how price forms
<+Guest>	Shorts ES @ 975 -> Add «« paper »»	14:28
<+silo>	i will be looking to pick top near 9247 area
	ym
	has to be quick
	and scale in at entry too
<+oaktree>	out ym 9207 paper
<+silo>	and exit fast whole
<+T-stop>	nice area in here but mkt wants up	14:30
<@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
<Bambam-77>	pos trgt 81 need to hold above 77	14:31
<+silo>	9247 guys :)
	getting ready now
<+T-stop>	maybe at dow green for a moment
<+Bambam-77>	9296 indu pos trgt	14:32
<+T-stop>	only drawback is nq, weakness
<+Bambam-77>	975 must hold for higher	14:34
<+silo>	didn't fit my requirement ... so passed it	14:35
	if it comes back up to that area.. maybe
<+T-stop>	risky at best
<+Bambam-77>	75 for 73
<+T-stop>	agree
<+silo>	trying hard to protect profits :)
	i already made a mistake today
	remember the 9020 amd 8940 zone i told you guys about?	14:36
	the dangerous area
	hehe
	i didn't take my own advice
	was up between 2x to 3x daily profit goal
	ended up giving back a chunk of that
	:)
	in that area
	caught this long from the bottom though
<+Bambam-77>	75 for 77
<+silo>	so i'm back up to close to 2x profit
	gonna be more cautious now	14:37
<+T-stop>	if we don't bo here may get sm leg dn, imo
<+Bambam-77>	b 75
	74 stp
<+T-stop>	buyers on every pb so far
<+silo>	anyone wanna check out a cool song?	14:38
<+szubaark>	??	14:39
<+Bambam-77>	t1 +1.25
	76.25	14:40
<+silo>	jack johnson/Ben Harper collarboration
	collaboration
<+Bambam-77>	t2 78
<+sav>	Long NQ @ 1319.00
<+Bambam-77>	+3
<+silo>	looks like i will get a chance to pick top :)
<+sav>	Exited all NQ Long @ 1322.00 --> + 3
<+Bambam-77>	981 come on
<+T-stop>	yep	14:41
<+Maximus>	have my target at 980.50
<+Bambam-77>	i really want 86
	1 full lot left
	stp 76	14:42
<+T-stop>	or we wedge here first
	ss/sellers know if this lvl goes they gonna crank it,
<+Bambam-77>	77 has to hold
	for higher
	come on murray don't fail us now	14:43
<+T-stop>	lol
<+Maximus>	there we go	14:44
<+T-stop>	shake the coke bottle
<+Bambam-77>	stp 78
<+silo>	come on go up a little bit more
<+Bambam-77>	86 come on	14:45
<+silo>	9283
	get there
<+Bambam-77>	80 stp
<+szubaark>	Shorts ES @ 981.50 «« paper »»
<+silo>	Shorts YM @ 9253	14:46
	one only
	will average in the other half
<+szubaark>	Covered all Short ES at 983.50 --> - 2 «« paper »»
<+Bambam-77>	i have 10 riding on this trgt 86
<+T-stop>	nice
<+Bambam-77>	82 stp
<+szubaark>	Shorts ES @ 982.50 «« paper »»	14:47
<+silo>	Shorts YM @ 9262 -> Add
<+Bambam-77>	83 will get us to 85 area
	done
<+silo>	i should've let it move up a little higher and then short
<+Bambam-77>	+7
<+silo>	but couldn't wait anymore
	:)
	averaged at 9258
	2 contracts
<+Bambam-77>	will try again 81 to 86	14:48
	first need to get ove the hump
<+silo>	Covered all YM Short @ 9218 --> + 79	14:49
	just a quick trade
	:D
<+sav>	nice one silo	14:50
<+T-stop>	y
<+Bambam-77>	b 77.5 1 point stp 76.5
	t1 away	14:51
	78.75
	flat
<+szubaark>	Covered all Short ES at 976.50 --> + 6 «« paper »»	14:52
<+sav>	nice szu
<+rickf>	vn
<+Bambam-77>	will try again at 75 area long
<+szubaark>	thnx
	Volatility A LOT better then the crap we had Friday and Monday	14:53
<+Bambam-77>	1 pt stp b 76.5	14:54
	75.5 stp first trgt of 77.75	14:55
	b 75	14:56
	t1 away	14:57
	76.25
<+silo>	now it's where it gets tricky
<+Bambam-77>	74.75 stp
<+szubaark>	why?
<+silo>	a huge run up from bottom. hits top
	stalls, gives us a head and shoulder of some sort	14:58
	the question is... will we go down now after hitting resistance
	or will we keep goign
	i think i'm gonna stay out now and end the day on a positive note
	:)
<+Bambam-77>	we want 86 some time soon would be nice 75.25 stp
<+szubaark>	silo why u stopping when Volatility picking up? u traded more during morning when Volatility was low	14:59
<+silo>	becasue the direction is uncertain right now
	and we only have 1 more hours	15:00
	and with this volatility
	if you dont get the right direction
<+Bambam-77>	now lets get over 77 and hold
<+silo>	each trade will hurt you fast and hard
	so i'd rather cash in :)
<+szubaark>	Buys ES @ 978.50 «« paper »»
<+Bambam-77>	86 in our sites	15:01
<+szubaark>	Good Volatility
<+sav>	Long NQ @ 1321.5
<+szubaark>	exit stop moved to breakeven ES @ 978.50 «« paper »»
<+sav>	Exited all NQ Long @ 1324.5 --> + 3
<+szubaark>	Opening High test next
<+Bambam-77>	980 stp	15:02
<+szubaark>	whtightening stop
	exit stop set ES @ 979 «« paper »»
<+Bambam-77>	done
<+szubaark>	Exited all Long ES at 979 --> + 0.5 «« paper »»	15:03
<+sav>	thought it was going to break the high there
<+Bambam-77>	side line now 3x daily goal i am done for the day	15:04
<+szubaark>	Buys ES @ 982.75 «« paper »»	15:05
<+silo>	good job soldiers
	i'm off as well
	will meet you all here tomorrow at 9030 hour
<+sav>	bye
<+silo>	:)
<+szubaark>	Exited all Long ES at 979.75 --> - 3 «« paper »»
<+rickf>	another fun doubletop here at 982 :(
<+szubaark>	will wait..getting chop here	15:06
	the whole world sees this pattern now
<+Bambam-77>	1 more trade b78
	77 stp	15:07
<+szubaark>	this thing wants to retrace bad
	Shorts ES @ 977.50 «« paper »»	15:08
	Covered all Short ES at 977.50 --> 0 «« paper »»	15:09
<+Bambam-77>	flat -1 t2
<+Guest>	Shorts ES @ 978 -> Add «« paper »»	15:10
<+szubaark>	Buys ES @ 979 «« paper »»	15:11
	looks oike they gonna shake good here before any move	15:12
<+Bambam-77>	maybe this time 86
<+szubaark>	Exited all Long ES at 978 --> - 1 «« paper »»	15:13
	best to stay away from mess here
<+Bambam-77>	we have a dbl top in on this prev swing
	sellers there
	must break on through to the other side before 4:15 would be nice if not we heading lower below 77	15:14
<+szubaark>	plus we had a strong parabolic upmove lots of confusion right now	15:15
<+Guest>	yes, zone of indecision but more likely drop
<+Bambam-77>	ss 77
<+szubaark>	Shorts ES @ 976.25 «« paper »»	15:16
<+Bambam-77>	78 stp
<+sav>	Shorts NQ @ 1316.5
<+Bambam-77>	t1 75.75	15:17
	76.75 stp
<+sav>	Covered all NQ Short @ 1314.5 --> + 2
<+Bambam-77>	75 for 73
<+szubaark>	tightening stop	15:18
	exit stop moved to breakeven ES @ 976.25 «« paper »»
<@NihabaAshi>	Shorts ES @ 974.25 -> small size
<+Guest>	maybe 965 next
<@NihabaAshi>	3 only
<+Bambam-77>	come on murray don't fail us now
<+szubaark>	Go Murray	15:19
<+Bambam-77>	68.75 is 0/8
<+szubaark>	Covered all Short ES at 972.75 --> + 3.5 «« paper »»	15:20
<+Bambam-77>	69.75 is open test
<@NihabaAshi>	Covered all ES Short @ 970.25 --> + 4
* NihabaAshi	is now known as NihabaAshi_away
<+szubaark>	im done..
<+Bambam-77>	wtg all
	last 1/2 should give us our trgt this area must hold	15:22
	1/2hr on market profile
	do or dye here
	so it is written so it shall be done we heading lower	15:23
<+T-stop>	lol Bam	15:24
<+Bambam-77>	yuel brenner	15:25
<+T-stop>	y
	classic
<+rickf>	etc etc etc
<+Bambam-77>	in the 10 someting or rather
<+rickf>	:)
<+Bambam-77>	lol	15:26
	retest of lower ib 66.5
<+Guest>	Covered all ES Short @ 964 --> + 14 «« paper »»	15:31
	Long ES @ 961.25 «« paper »»	15:33
<+Bambam-77>	56.75 would be nice trgt
<+Maximus>	short ym 9053	15:34
	out YM 9073 -20	15:35
<+Guest>	Long ES @ 962 -> Add «« paper »»	15:38
* NihabaAshi_away	is now known as NihabaAshi
<+sav>	Long NQ @ 1300.25	15:41
<+Guest>	Exited all ES Long @ 965.25 --> + 7.25 «« paper »»
<+sav>	Exited all NQ Long @ 1300.5 --> + 0.25	15:42
	done for day bye	15:45
<+Bambam-77>	trgt 47	15:49
	do not fight this trnd
<+T-stop>	aapl after close, may move futs	16:00
<@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.	16:18
<+werner>	gn all	16:22
* +Tintin	: bye all	16:42
<+PapaJon>	test	18:15
	test
<@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.	18:21
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