#FuturesTrades October 23rd 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 23 09:59:13 2008Session Ident: #futurestrades
* Now	talking in #futurestrades	09:59
<@X>	[NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<trader0101>	great DB in ES
<+trader0101>	Long ES @ 898.00 «« paper »»	10:00
<+silo>	Shorts YM @ 8524
	one
<+trader0101>	Exited all ES Long @ 896.75 --> - 1.25 «« paper »»	10:01
	didn't follow my own advice!
<+silo>	Shorts YM @ 8509 -> Add
<+trader0101>	Long ES @ 898.00 «« paper »»	10:02
	Exited all ES Long @ 896.50 --> - 1.5 «« paper »»
	break time
<szubaark>	trader see pm
<+trader0101>	pm szu	10:04
<+silo>	Covered all YM Short @ 8545 --> - 57	10:07
	damn
	that sucked
	incredible	10:08
<+szubaark>	yea pretty deep pullback..lets see what the Fib guys do	10:09
<@NihabaAshi>	Shorts ES @ 899.75 -> large size	10:10
	9 only
<+trader0101>	Long ES @ 902.50 «« paper »»	10:11
	Exited all ES Long @ 904 --> + 1.5 «« paper »»	10:12
<@NihabaAshi>	Covered all ES Short @ 903.75 --> - 4
<sav>	nasty stuff this
<+trader0101>	Long ES @ 905.00 «« paper »»	10:13
<+silo>	Shorts YM @ 8569
	1
<+trader0101>	Exited all ES Long @ 903.50 --> - 1.5 «« paper »»
<+silo>	will not add	10:14
	this is toooooo scary
<T-stop>	greenspan on	10:15
<@NihabaAshi>	Shorts ES @ 903.25 -> large size
<+silo>	Shorts YM @ 8562 -> Add
<@NihabaAshi>	9 only
	Greenspan speaking...
	It could get jumpy
<+T-stop>	yep
<+trader0101>	Shorts ES @ 901.50 «« paper »»
<+T-stop>	he's been know to move mkts
	known
<+trader0101>	exit stop moved to breakeven ES @ 901.5 «« paper »»	10:16
<+T-stop>	nice entry Niha	10:17
<+silo>	Covered 1/2 YM Short @ 8521 --> + 41
<+T-stop>	vn
<@NihabaAshi>	Both trades had nice entries...one resulted as a LOSS and the other is currently still open at a PROFIT	10:18
<+silo>	same	10:19
	:P
	half in
	now
<+trader0101>	Covered all ES Short @ 898.25 --> + 3.25 «« paper »»
<+silo>	but if it does drop hard here... 1 will be enough
	i used the half i covered to cover most of the loss from the previous trade :)
	wow scary	10:21
* Tintin	: hi all
<@NihabaAshi>	Covered all ES Short @ 899.50 --> + 3.75
<+silo>	Shorts YM @ 8550 -> Add	10:26
<+szubaark>	Shorts ES @ 897 «« paper »»	10:27
<@NihabaAshi>	Shorts ES @ 896.75 -> large size
	10 only
<+szubaark>	tightening stop	10:28
	exit stop moved to breakeven ES @ 897 «« paper »»
<@NihabaAshi>	Profit target reached...greed has now kicked in
	Covered all ES Short @ 896.00 --> + 0.75	10:30
<+szubaark>	they went back for my entry :(
	Covered all Short ES at 897 --> 0 «« paper »»
<+trader0101>	Shorts ES @ 896.75 «« paper »»	10:31
<+szubaark>	Shorts ES @ 894.75 «« paper »»
<+trader0101>	Covered all ES Short @ 894.75 --> + 2 «« paper »»
<+szubaark>	trying again as i got shook out	10:32
<@NihabaAshi>	Shorts ES @ 896.75 -> large size
<+trader0101>	Long ES @ 897.50 «« paper »»
<+szubaark>	Covered all Short ES at 898 --> - 3.25 «« paper »»
<@NihabaAshi>	9 only	10:33
<+trader0101>	Exited all ES Long @ 899.50 --> + 2 «« paper »»
<@NihabaAshi>	Covered all ES Short @ 890.75 --> + 6	10:34
	ooops
	Covered all ES Short @ 900.75 --> - 4
<+szubaark>	Chop time folks :((((
<+trader0101>	Long ES @ 902.00 «« paper »»	10:35
<@NihabaAshi>	Shorts ES @ 902.25 -> large size
	10 only
<+trader0101>	Exited all ES Long @ 900.75 --> - 1.25 «« paper »»	10:36
<@NihabaAshi>	szu...the chop is going to clear up soon.
<+szubaark>	yes, i just dont want to get caught in the middle :(
<@NihabaAshi>	That plan has never worked for me...trying not to get caught in the middle.	10:37
<+trader0101>	Shorts ES @ 900.00 «« paper »»
<@NihabaAshi>	Instead, I try to be involve in certain types of chop...
	Ones produced by a FED speech are nice chops to trade.	10:38
	They eventually throw out a big runner at you
<+trader0101>	Covered all ES Short @ 900.00 --> 0 «« paper »»	10:40
	greed is bad
<@NihabaAshi>	Covered all ES Short @ 901.50 --> + 0.75
<+trader0101>	was hoping for a runner
<+szubaark>	tell you what, feels good not to be in a trade ONCE CHop is RECOGNIZED	10:41
<+trader0101>	hope in trading is like asking for miracles
<+silo>	Covered all YM Short @ 8585 --> - 51
	Long YM @ 8613
<+trader0101>	watch it fly	10:42
<@NihabaAshi>	Long ES @ 906.75 -> large size
<+trader0101>	Long ES @ 908.00 «« paper »»
<@NihabaAshi>	10 only	10:43
<+trader0101>	Exited all ES Long @ 910.00 --> + 2 «« paper »»
<+silo>	Exited all YM Long @ 8665 --> + 52
<+trader0101>	nice trade Niha	10:45
<@NihabaAshi>	Yeah...reason why I'm aggressive in those FED speech chops :)
<+szubaark>	damn they wont give me entry
	not gonna chase
<+trader0101>	and here I thought FED speech days were stay away days!	10:46
<+silo>	Shorts YM @ 8698
	one
<@NihabaAshi>	Exited all ES Long @ 915.50 --> + 8.75
<+silo>	Shorts YM @ 8686 -> Add
<+szubaark>	Nice Niha.
<@NihabaAshi>	trader0101...that's impossible because most trading day's are FED speech days.	10:47
	If that was true...there'll be like 2 - 3 days per month that's for trading.
<+trader0101>	i am totally oblivious about FEDs	10:48
<@NihabaAshi>	Those FED folks are always talking somewhere.
<+trader0101>	maybe more research will green my coffers
<+silo>	Covered 1/2 YM Short @ 8665 --> + 21	10:53
	wow price just refuses to come down
	Covered Remainder YM Short @ 8692 --> + 6	10:55
<+szubaark>	Buys ES @ 915 «« paper »»
<+silo>	Shorts YM @ 8690	10:56
	1 only
<+szubaark>	Exited all Long ES at 912 --> - 3 «« paper »»
<+silo>	back in
<+szubaark>	Shorts ES @ 912 «« paper »»
<+silo>	Covered YM Short @ 8712 --> - 22	10:57
	Reverse and Enter Long YM @ 8712
	one only
<+szubaark>	Covered all Short ES at 916 --> - 4 «« paper »»
	:((
<+silo>	Long YM @ 8715 -> Add	10:58
<+szubaark>	Shorts ES @ 914.75 «« paper »»	10:59
	Covered all Short ES at 918.50 --> - 3.75 «« paper »»
	geezzzz
<+silo>	Exited 1/2 YM Long @ 8750 --> + 35	11:00
	Exited Remainder YM Long @ 8759 --> + 47
	Shorts YM @ 8752	11:01
	one only
<+szubaark>	Shorts ES @ 920.25 «« paper »»
	have to jump in, otherwise waiting for good entry will give Stop too wide LOOLLL	11:02
<+silo>	Shorts YM @ 8740 -> Add
	Covered 1/2 YM Short @ 8683 --> + 57	11:07
	Covered Remainder YM Short @ 8703 --> + 49	11:10
	stilll didn't catch that BIG move i was hoping for	11:11
	Shorts YM @ 8696	11:13
	one only
<trader0101>	perils of wireless internet - out of action for 30 mins
<+silo>	Shorts YM @ 8689 -> Add
	8675 is support though... needs to break it this time to drop significanlt	11:14
<+szubaark>	910 on ES	11:15
<+trader0101>	Niha, follow on from your comment about FED trading days - seriously I had no idea
<@NihabaAshi>	Yeah...those FED guys are all over the place.
	Someone once asked me in here is there a way to tell if a day will be a trend day...	11:16
	My reply is YES.
	Watch the FED
	:)
<+trader0101>	Szu i have 910 - 914 as S/R zone
	i will from hereon
	thx for the tip Niha
<+silo>	come on ! break this level	11:17
	and prouce a BIG DROP for me
<+szubaark>	i need it more then you
<+silo>	8675 needs to be broken convincingly
<+trader0101>	if you go back over couple of days ago, 10/16 specifically, with todays pa it is a perfect DB
	expecting a rally
	Shorts ES @ 912.00 «« paper »»
<@NihabaAshi>	Shorts ES @ 911.75 -> large size	11:18
	10 only
<+trader0101>	exit stop moved to breakeven ES @ 912.00 «« paper »»	11:19
	Covered all ES Short @ 912.00 --> 0 «« paper »»
	Szu, u r so right about 910	11:20
	Shorts ES @ 909.75 «« paper »»
<+szubaark>	yes trader notice how we pausing here	11:21
<+trader0101>	Covered all ES Short @ 911.25 --> - 1.5 «« paper »»
<+silo>	Covered 1/2 YM Short @ 8660 --> + 29
<+szubaark>	we should break it here, and get Stops at 908
<+trader0101>	just like the world exonomy at the moment
	economy
<@NihabaAshi>	Covered all ES Short @ 910.25 --> + 1.5	11:22
<+silo>	Covered Remainder YM Short @ 8660 --> + 36
<+trader0101>	wants to rally
<+silo>	looks like buyers from earlier are supporting this area
	daily profit reached
<+trader0101>	great stuff silo
<+silo>	had to work real hard for it though
	and STILL didn't get that big drop i wanted :\	11:23
<+trader0101>	makes it even more enjoyable
<+silo>	wanted to catch one of those 100 pts drop
<+szubaark>	silo, shakeout first, then drop
<+silo>	but didn't happen
<+szubaark>	i need them to break this 910	11:24
<+trader0101>	well rally on hold then
	going south to florida	11:25
<+silo>	Shorts YM @ 8659
	one only
	probably wrong move
	but a bit greedy right now
	dont want to miss this move if we drop... so 1 only :)
<+szubaark>	should break it now	11:26
	IF NOT Shorts are Toast LOL
	exit stop set ES @ 913.25 «« paper »»
<+silo>	Shorts YM @ 8653 -> Add	11:27
	changed my mind :)
<+trader0101>	Shorts ES @ 909.50 «« paper »»
<+silo>	2 now :)
<+szubaark>	i want 908.50
<@NihabaAshi>	Shorts ES @ 909.00 -> large size
	10 only
<+silo>	only?
	:)
<@NihabaAshi>	10 is small compared to a few in here that trade much larger	11:28
<+trader0101>	Covered all ES Short @ 911 --> - 1.5 «« paper »»
	whoever is speaking right now should resign from his/her FED post	11:29
	McCain suck that SEC guy ;)	11:30
<+szubaark>	exit stop set ES @ 912.50 «« paper »»
<@NihabaAshi>	Covered all ES Short @ 911.25 --> - 2.25
<+T-stop>	anyone seen or heard from KN lately?
<+szubaark>	Covered all Short ES at 912.50 --> + 7.75 «« paper »»
<+trader0101>	so rally is back now
<@NihabaAshi>	He's taking a mandatory vacation	11:31
<+T-stop>	k, tks
<+silo>	Covered all YM Short @ 8675 --> - 38	11:33
<+trader0101>	if it holds 908.50 then should rally
<@NihabaAshi>	Long ES @ 911.25 -> large size	11:34
	10 only
	Exited all ES Long @ 917.00 --> + 5.75	11:38
<+szubaark>	Nice Niha.	11:39
<+silo>	Shorts YM @ 8712	11:40
	one only
	Shorts YM @ 8704 -> Add	11:41
	support right down here	11:42
	but want to see it break it
	all my shorts were hoping for this one big move
	hope it'll happen
<+szubaark>	Shorts ES @ 909 «« paper »»	11:45
<+silo>	Covered 1/2 YM Short @ 8628 --> + 76	11:46
<+szubaark>	Covered all Short ES at 909 --> 0 «« paper »»
<+trader0101>	silo, what size stops you use for YM?	11:47
<+silo>	right now 30
	'cuz i am scaling in these days
	sso i widened it
<+trader0101>	ok thx
<+silo>	holding one still
	Shorts YM @ 8678 -> Add	11:53
	added back that half i exited
<+szubaark>	Buys ES @ 912.75 «« paper »»	11:59
<+silo>	man... these buyers dont give up easy	12:00
<+szubaark>	exit stop set ES @ 910.50 «« paper »»
	Exited all Long ES at 910.50 --> - 2.25 «« paper »»	12:01
	Shorts ES @ 910.75 «« paper »»	12:02
<+silo>	this should be a big one if we go down a little more	12:03
	but yo never know what these buyers down here will do
<@X>	#FuturesTrades Info -> Some members (including me) explain basic details about their trades posted in #FuturesTrades @ http://thestrategylab.com/forum/index.ph p?board=58.0 and there's a link there to take you to #FuturesTrades archived logs if you're interested in reviewing past trades or market commentary posted in #FuturesTrades.
<+szubaark>	Buyers starting to lose hope	12:04
	exit stop moved to breakeven ES @ 910.75 «« paper »»
	lets see if they test that 900 again	12:05
<+silo>	Covered 1/2 YM Short @ 8602 --> + 76	12:06
<+szubaark>	we are approaching that 10:45 BIG WRB candle, should be intresting there	12:07
<TraderG>	szu oh oh	12:10
<+silo>	if dax comes down here we could go even further :)
<+szubaark>	So if you got Long there on that WRB candle, they coming to get ya LOL
<MK>	Long ES @ 903 -> Add «« paper »»	12:14
<+szubaark>	Covered all Short ES at 903.25 --> + 7.5 «« paper »»	12:15
<+MK>	Long ES @ 900.5 -> Add «« paper »»	12:18
<+silo>	Covered Remainder YM Short @ 8528 --> + 184	12:20
	3x daily profit reached
	will pick bottom soon	12:21
<+trader0101>	wow, nice silo
<+MK>	Long ES @ 895 -> Add «« paper »»
<+silo>	hopefully we dont get a extreme dump like yesterday
	clearly MK has started without me
	lol
	but mine is very very temporary pick though
<@NihabaAshi>	Shorts ES @ 893.75 -> large size	12:24
	10 only
<+silo>	bottom pick coming up soon.	12:25
<@NihabaAshi>	Yeah...I'm preparing for a reverse back upwards if I don't get my target on this short
<+silo>	Long YM @ 8512	12:26
	one only so far
<@NihabaAshi>	Covered all ES Short @ 892.50 --> + 1.25	12:27
<+silo>	Long YM @ 8512 -> Add
	Exited all YM Long @ 8494 --> - 36	12:29
	gonna wait for true bottom
	jumped the gun
	'cuz of that 8480 level :)
<@NihabaAshi>	Shorts ES @ 889.00 -> large size
	10 only
<+MK>	Long ES @ 888 -> Add «« paper »»
<+silo>	Long YM @ 8473
	one
<@NihabaAshi>	Covered all ES Short @ 888.75 --> + 0.25	12:31
	:(
<@X>	#FuturesTrades Info ->  No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended without their permission. More info at http://www.thestrategylab.com/FuturesTradesChatRoom.htm
<+silo>	Long YM @ 8485 -> Add
<+szubaark>	Buys ES @ 890.50 «« paper »»
<+silo>	this is my true bottom pick :)	12:32
	earlier one was afraid it would bounce early off the 8480 which is a few ticks above where i would normally get in	12:33
	just dont know how much this willl bounce though
<+szubaark>	Exited all Long ES at 890.50 --> 0 «« paper »»
	that was uick
<+silo>	Exited all YM Long @ 8467 --> - 24	12:34
	dont wanna sit through it
	getting dangerous
	could dip a little lower
* Kalle	is now known as Kalle_away
<+silo>	oh well. not meant to be perhaps
	Long YM @ 8492	12:35
	one only
	Long YM @ 8502 -> Add
	Exited all YM Long @ 8465 --> - 64	12:37
<+szubaark>	Shorts ES @ 886 «« paper »»
<+silo>	man it really wants to go down
	no more picks :)
<@NihabaAshi>	Shorts ES @ 886.75 -> large size
	9 only
<+szubaark>	would like low of day as Target	12:38
<+MK>	880 target
<+silo>	aren't you long?
	mk
	:)
	how is 880 your target hehe
<+MK>	yes will be buying all the way to 870	12:39
<+silo>	lol damn
	you trading off a 15 or 30min chart?
<+MK>	15 and 60
	Long ES @ 884.75 -> Add «« paper »»	12:41
<@NihabaAshi>	Covered all ES Short @ 844.00 --> + 42.75	12:42
	ooops
	correction
<+MK>	your best one so far
<@NihabaAshi>	Covered all ES Short @ 884.00 --> + 2.75	12:43
<+szubaark>	damn bouncing here..	12:44
	Covered all Short ES at 890 --> - 4 «« paper »»	12:45
	Buys ES @ 890 «« paper »»	12:46
	Exited all Long ES at 888.25 --> - 1.75 «« paper »»	12:50
	Shorts ES @ 888.50 «« paper »»
	its that jumpy scary action again	12:51
	Covered all Short ES at 892.50 --> - 4 «« paper »»	12:52
	bastids shakin
	Shorts ES @ 888.25 «« paper »»	12:53
	TANK!!!!
	exit stop moved to breakeven ES @ 888.25 «« paper »»	12:57
	HUGE battle here
<+MK>	Long ES @ 882 -> Add «« paper »»	13:01
<+szubaark>	exit stop set ES @ 885 «« paper »»	13:03
<codehead>	long YM 8375 <paper>--had buy at wave target... testing...	13:04
<+codehead>	exit half Ym 8410 <paper>
	exit remainder 8440 YM <paper>	13:08
	+65
<+szubaark>	exit stop set ES @ 883.50 «« paper »»
	i want 875 Target..yersturday low
	trailing tight Stop	13:09
	Covered all Short ES at 883.50 --> + 4.75 «« paper »»
	damn too jumpy
	still down for day :((	13:10
	Buys ES @ 884.50 «« paper »»	13:11
	retrace computers kicking in LOL	13:16
	Exited all Long ES at 890 --> + 5.5 «« paper »»
<@NihabaAshi>	Shorts ES @ 886.25 -> large size	13:22
	6 only
<+szubaark>	damn not giving me clear setups	13:23
<+MK>	Long ES @ 882.25 -> Add «« paper »»	13:25
<@NihabaAshi>	Covered all ES Short @ 883.00 --> + 3.25
<+szubaark>	Shorts ES @ 880.50 «« paper »»	13:28
	major slippage on that
	wanted 881.50.. too many orders there
<+MK>	Long ES @ 877 -> Add «« paper »»	13:31
<AustinJM>	sim slippage? wow	13:32
<@NihabaAshi>	Shorts ES @ 879.75 -> medium size
	4 only
<+AustinJM>	Are you using stop limits szu?
<@NihabaAshi>	trailing stop @ profit	13:33
<+szubaark>	i was slow by 1 second and didnt have Limit in
	875 Target on Short
	exit stop moved to breakeven ES @ 880.50 «« paper »»
<@NihabaAshi>	Covered all ES Short @ 879.50 --> + 0.25
<+AustinJM>	Well if you are using market orders volatile price action will really get you	13:34
<@NihabaAshi>	Got picked pocked :(
	punks
<+szubaark>	yes real jumpy
<+silo>	Shorts YM @ 8376
	2
<+AustinJM>	First time you ever been pick pocketed and made money? ;)
<+szubaark>	Covered all Short ES at 875 --> + 5.5 «« paper »»
<@NihabaAshi>	I get picked pocketed 2 - 3 each day.	13:35
<+szubaark>	Target reached
<@NihabaAshi>	In the past I use to comment about such all the time...
<+AustinJM>	that's frustrating
<+MK>	Long ES @ 875.25 -> Add «« paper »»
<+AustinJM>	Very nice szu
<+szubaark>	thanks.. finally profitible after being down all day	13:36
* +Tintin	----[ shorts zn @ 115 48/64 ]----
<@NihabaAshi>	szu...if the price action feels OK for trading...
	Continue.
	However, if you don't like the price action...	13:37
* +Tintin	----[ shorts gbl @ 117.16 ]----
<@NihabaAshi>	Stop Trading.
<+silo>	Covered all YM Short @ 8400 --> - 24
<+szubaark>	will take a break and evaluate when i come back
* szubaark	is now known as szubaark_away	13:38
* fseitun	is now known as ItalianSharp
* +Tintin	----[ covers zn @ 115 38/64 +10/64 ]----	13:40
<@NihabaAshi>	This should be going higher
	not sure why it's not
	Long ES @ 879.50 -> small size	13:41
	1 only
<ItalianSharp>	we could move a lot higher off these lows
* +Tintin	----[ buys estx @ 2377 ]----	13:42
<+ItalianSharp>	but we need to make a higher high first
	until then, bears in big time control
<@NihabaAshi>	Exited ES Long @ 884.50 --> + 5	13:43
* +Tintin	----[ covers estx @ 2385 +8 ]----	13:44
<+silo>	freaking TS freezing up	13:45
	Shorts YM @ 8414	13:46
	2
<palmer>	silo i just changed from TS what a relief	13:47
<+palmer>	always freezing
* +Tintin	----[ covers gbl @ 117.14 +0.02 time for lunchtime ... bbl ]----	13:49
<werner>	no ts props here	13:51
<+silo>	Covered 1/2 YM Short @ 8360 --> + 54	13:52
	Covered Remainder YM Short @ 8370 --> + 44	13:53
	what do you use now?	13:55
	ninja?
<@NihabaAshi>	Long ES @ 778.00 -> small size	13:59
	correction
<+silo>	wrong price niha :)
<@NihabaAshi>	Long ES @ 878.00 -> small size	14:00
	1 only
	Exited ES Long @ 876.00 --> - 2
	Shorts ES @ 874.25 -> small size	14:01
<+MK>	865 next
<@NihabaAshi>	1 only
<+silo>	Shorts YM @ 8334
	one only
<@NihabaAshi>	volatility from the Dark Side of the Moon	14:02
<+silo>	it finally broke down
	but we only had 1 contract hehe
<@NihabaAshi>	It came out of nowhere
<+silo>	owwwwwwwwWWW
	haha
<+MK>	Long ES @ 867.5 -> Add «« paper »»	14:03
<+silo>	MK you still buying?
<+MK>	yes	14:04
<+silo>	what's the last price for you?
	the lowest
<+MK>	Long ES @ 866 -> Add «« paper »»
	864.5	14:05
<+silo>	Covered all YM Short @ 8282 --> + 52
	nice little descending triangle
	:)
<@NihabaAshi>	Covered ES Short @ 868.00 --> + 6.25	14:06
<@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 @ 8319	14:07
	one only
<@NihabaAshi>	Shorts ES @ 869.75 -> small size	14:09
	1 only
<+silo>	Covered all YM Short @ 8319 --> 0	14:10
<@NihabaAshi>	Covered ES Short @ 865.50 --> + 4.25	14:13
	Geeesh...like a pin ball machine
<+silo>	haha yeah
	i had to protect profit so bailed ;\
	Shorts YM @ 8293	14:30
	2
	Covered all YM Short @ 8297 --> - 4	14:31
	Long YM @ 8322
	2
	Exited all YM Long @ 8370 --> + 48	14:33
	3x daily profit reached
	Shorts YM @ 8322	14:37
	one only
	Covered all YM Short @ 8350 --> - 28
	stop hit
<+szubaark_away>	Buys ES @ 874 «« paper »»	14:38
	Exited all Long ES at 877.25 --> + 3.25 «« paper »»	14:39
<+silo>	:P	14:40
	time to look for longs boys :)
<+szubaark_away>	:0
<AustinJM-Test>	long buys at 8340?	14:43
* AustinJM-Test	is now known as AustinJM
<+silo>	brb gonna hit up some pizza	14:44
	Long YM @ 8363	14:45
	one only
	Long YM @ 8374 -> Add	14:46
	wow dangerous
	Exited all YM Long @ 8340 --> - 57	14:47
	damn
	that sucked
	was gonna exit but wasn't quick enough	14:48
* szubaark_away	is now known as szubaark	14:49
<+T-stop>	vix 78, sheesh	14:50
<@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>	i dont think its done going down	14:52
<+szubaark>	Shorts ES @ 865 «« paper »»
* +Tintin	: back	14:53
<+szubaark>	exit stop set ES @ 868 «« paper »»
<+silo>	Shorts YM @ 8271	14:54
	2
<+szubaark>	needs to break here
	exit stop moved to breakeven ES @ 865 «« paper »»	14:55
	tight stop
<+silo>	Covered 1/2 YM Short @ 8230 --> + 41
<+szubaark>	lets see if they rudely come back and get my entry	14:56
	exit stop set ES @ 862.50 «« paper »»	14:57
	Covered all Short ES at 862.50 --> + 2.5 «« paper »»
<+silo>	Covered Remainder YM Short @ 8261 --> + 10
<+szubaark>	Good Volatilty so far... im getting more and more green	14:58
<+AustinJM>	playing near the lows
<+szubaark>	10pt candles.. little too much risk for me
	Hammer time at the lows?	14:59
<+AustinJM>	i dont trust any of this lol	15:00
<+szubaark>	perfect time for MC Hammer to show up	15:01
	Buys ES @ 867.25 «« paper »»	15:02
	HAmmer Time
<hp101>	seems that thre price target is nearly 0.
<+silo>	a little too wild right here
	could go either way
<+AustinJM>	ya	15:03
	this is crazy
<+silo>	i'm gonna sit on the sideline for a bit
<+szubaark>	exit stop moved to breakeven ES @ 867.25 «« paper »»
	its Hammer Time folks
	880 and we should Fly	15:04
<@NihabaAshi>	Shorts ES @ 869.75 -> small size	15:05
	1 only
<+AustinJM>	i have hammers in all directions szu, the only price action I see is hammers
<@NihabaAshi>	Covered ES Short @ 871.75 --> - 2	15:06
	Long ES @ 877.75 -> small size
	2 only
<+szubaark>	that was a good MC Hammer LOL
<@NihabaAshi>	Exited ES Long @ 875.75 --> - 2	15:07
<+silo>	Shorts YM @ 8360
	one only
<@NihabaAshi>	Long ES @ 875.25 -> small size
<+silo>	Covered all YM Short @ 8393 --> - 33
<@NihabaAshi>	3 only
<+silo>	one only
<+szubaark>	Nice Volatility again, trying to take advantage as much as i can before it Disappears	15:08
<+silo>	Long YM @ 8411	15:09
<+szubaark>	Exited all Long ES at 885 --> + 17.75 «« paper »»	15:10
<@NihabaAshi>	Exited all ES Long @ 887.00 --> + 11.75
<+szubaark>	7X Daily profit reached after a terrible start, thanks to this great Volatility
<@NihabaAshi>	Geeesh
<+silo>	Exited all YM Long @ 8475 --> + 64
<+AustinJM>	wow nice guys
<@NihabaAshi>	I'm done for the trading day
<+szubaark>	Nice Niha.	15:11
<+AustinJM>	im a little timid of going n on this volatility
<+silo>	freaking ts not moving :(
<@NihabaAshi>	When I start feeling like I can take a random trade for no reason and still make money...
	It's time to call it quits for the day.
<+szubaark>	Niha is it really random or your "intuition" that you are not even aware of.	15:13
	i bet you could trade with a blind fold on.	15:14
<+silo>	Long YM @ 8458	15:21
	one only
	Exited all YM Long @ 8481 --> + 23	15:23
	k i'm done for the day
	whoa	15:24
	:)
	k i'm shutting off my platform
	otherwise i'm gonna want to play more
	later fellas
<+AustinJM>	lol	15:25
	later silo
<+silo>	a little over 2x today
	gonna keep it
<+AustinJM>	this price action is way too jumpy, i want my first trade to be a high probability than 50/50	15:26
<+silo>	save it for tomorrow
	:)
<+AustinJM>	ya, that's what im thinking, a nice AM trade sesh
<+silo>	just make sure you dont have a wake and bake sesh	15:27
	and you'll be straight
<+AustinJM>	haha i dont smoke
<+szubaark>	i wasnt aggressive this AM when we had good Volatility due to FEAR from prior trading session still clouding me
<+AustinJM>	ya that fear priced into the market this morning
<+szubaark>	by FEAR i mean yersturday Low Volatility Chop Zones which i lost my Cool.	15:28
<+AustinJM>	3:30, should see something	15:29
<@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.	16:12
<+werner>	gn all	16:13
	gn all
	ow sorry
* +Tintin	: bye all	18:17
<JimL>	i'm back	20:54
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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