#FuturesTrades October 27th 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 27 09:27:03 2008Session Ident: #futurestrades
* Now	talking in #futurestrades	09:27
<@X>	[NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<PapaJon>	gm all	09:29
<@NihabaAshi>	Good morning all and another big gap down at the Open.
<pat255>	gm N ..	09:30
<rickf>	.
<T-stop>	gm
<futurible>	GM ALL
<TraderG>	gm every 1	09:31
<ripsboy>	gm all...	09:32
<trader0101>	crap pa, reversed before i got in - lucky	09:34
<@NihabaAshi>	Long ES @ 853.00 -> large size	09:35
	9 only
<+trader0101>	nice trade niha	09:38
<@NihabaAshi>	Exited all ES Long @ 864.00 --> + 11	09:39
<stick2it>	impressive...	09:40
<silo>	ballsy trade i must say :)	09:41
<+rickf>	vn
<@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.	09:42
<+trader0101>	fast market, gets you in and out before i can post!	09:45
<+rickf>	fyi am watching, not trading today - lot of admin stuff to do :(	09:46
<+trader0101>	u mean you have a job and trade at the same time? Great if you can do it	09:47
<+rickf>	lol - no i am taking care of family stuff today	09:48
<+trader0101>	i noble deed indeed.	09:49
<+rickf>	no way....i tried to paper trade during a couple of work conference calls this summer. no way can i multitask, nor should anyone.....if i am trading, i am trading. if i am working, i am working
<+trader0101>	yes i learnt that a t price. Just because i could multi task other activities, trading takes my whole brain, and then some	09:51
<+rickf>	i would get snippy on the call :)
<+trader0101>	lol	09:52
<+rickf>	es is quite jumpy today, yes?	09:54
<szubaark>	ok
<+szubaark>	ive seen it worst LOL
<+rickf>	lol	09:55
<+T-stop>	housing #'s :00	10:00
<+silo>	Long YM @ 8338
	2
	Exited all YM Long @ 8319 --> - 19	10:01
	Long YM @ 8348
	2
	Exited 1/2 YM Long @ 8388 --> + 40	10:03
<Nesi>	nice
<+silo>	Exited Remainder YM Long @ 8411 --> + 63	10:04
<AustinJM>	my charts are whack, they are telling me its 9:06
<+trader0101>	wow, tell the prices now so i can mint it - will share the proceeds :)
<+AustinJM>	haha	10:05
<+trader0101>	never pass an opportunity like this!
<+AustinJM>	sorry, can't give up my edge ;)
<+trader0101>	but you are ahead only in time, its no use keeping the prices secret from the rest of us	10:06
	will get there in 3 minutes .... ;)
<+AustinJM>	its telling me they are 9:06 EST
	im behind an hour
<+trader0101>	oops, i will settle for my platform :)	10:07
<+AustinJM>	can i get a quote on YM to make sure my platform is only off on time?	10:10
<+trader0101>	Shorts ES @ 873.00 «« paper »»	10:11
<pdays>	Shorts ES @ 876.0	10:12
<+pdays>	Covered all ES Short @ 872.5 --> + 3.5
<+trader0101>	Covered all ES Short @ 873.25 --> - 0.25 «« paper »»	10:14
<@NihabaAshi>	Shorts ES @ 870.00 -> small size	10:18
	3 only
	Covered all ES Short @ 865.75 --> + 4.25	10:21
<+pat255>	vn N
<+silo>	austin!	10:25
<AustinJM>	hey silo
<+AustinJM>	Dow was below 8000 early, now that's just insane!	10:26
<+silo>	Shorts YM @ 8332	10:28
	one only
	so far
	Shorts YM @ 8318 -> Add	10:29
<@NihabaAshi>	Shorts ES @ 865.50 -> small size	10:31
	1 only
<+szubaark>	Shorts ES @ 864.50 «« paper »»
<+silo>	Covered 1/2 YM Short @ 8285 --> + 33	10:32
<+AustinJM>	Short YM @8294/ exit 8285 - paper
<@NihabaAshi>	Covered ES Short @ 865.00 --> + 0.5
	Shorts ES @ 864.75 -> small size	10:33
	1 only
	Covered ES Short @ 863.00 --> + 1.75	10:34
<+silo>	Covered Remainder YM Short @ 8270 --> + 62	10:36
	daily profit reached
<+AustinJM>	nice job silo	10:37
<+szubaark>	Covered all Short ES at 860.50 --> + 4 «« paper »»	10:38
<+silo>	thanks
<@NihabaAshi>	Shorts ES @ 860.25 -> small size	10:43
	1 only	10:44
	Covered ES Short @ 862.25 --> - 2
<+silo>	Shorts YM @ 8309	10:52
	Shorts YM @ 8296 -> Add	10:53
<+trader0101>	Long ES @ 870.00 «« paper »»	10:58
<+silo>	Covered all YM Short @ 8338 --> - 71
<+trader0101>	Exited all ES Long @ 872.00 --> + 2 «« paper »»	11:01
<+silo>	Shorts YM @ 8331
	2
<+trader0101>	Shorts ES @ 871.75 «« paper »»	11:08
<+silo>	Covered all YM Short @ 8355 --> - 24	11:09
<+szubaark>	Buys ES @ 874 «« paper »»
<+silo>	Long YM @ 8370
<+trader0101>	Covered all ES Short @ 873.25 --> - 1.5 «« paper »»
	Long ES @ 874.00 «« paper »»	11:12
	Exited all ES Long @ 878.00 --> + 4 «« paper »»	11:13
<+silo>	Exited 1/2 YM Long @ 8407 --> + 37	11:14
<+szubaark>	Exited all Long ES at 881 --> + 7 «« paper »»	11:15
<+silo>	Exited Remainder YM Long @ 8430 --> + 60
<+szubaark>	nice silo
<+silo>	Shorts YM @ 8400
	2	11:16
<+trader0101>	Shorts ES @ 877.75 «« paper »»
	Covered all ES Short @ 875.75 --> + 2 «« paper »»
	Long ES @ 876.50 «« paper »»	11:18
<+silo>	Covered all YM Short @ 8399 --> + 1
<+trader0101>	Exited all ES Long @ 875.00 --> - 1.5 «« paper »»	11:19
<+silo>	Shorts YM @ 8382
<+trader0101>	Shorts ES @ 874.00 «« paper »»
	Covered all ES Short @ 872.75 --> + 1.25 «« paper »»	11:22
<+silo>	Covered 1/2 YM Short @ 8358 --> + 24
	Covered Remainder YM Short @ 8344 --> + 38	11:23
<+trader0101>	Shorts ES @ 870.25 «« paper »»
<@NihabaAshi>	Shorts ES @ 869.75 -> small size	11:25
	3 only
<+szubaark>	Shorts ES @ 868.75 «« paper »»
<@NihabaAshi>	weak support area	11:26
	trailing stop @ profit
<+trader0101>	Covered all ES Short @ 867.75 --> + 2.5 «« paper »»
<@NihabaAshi>	Covered all ES Short @ 869.25 --> + 0.5	11:27
<+szubaark>	tightening stop	11:28
	exit stop moved to breakeven ES @ 868.75 «« paper »»
	Covered all Short ES at 868.75 --> 0 «« paper »»	11:29
<+trader0101>	Long ES @ 870.00 «« paper »»
<+silo>	Long YM @ 8344	11:30
<+AustinJM>	possibly reversal area in YM
<+silo>	2
<+AustinJM>	white hammer
<+silo>	quick little trade only
	Exited all YM Long @ 8343 --> - 1
	:P
<+AustinJM>	was a quick little trade
	the line before hammer goes below hammers body though, so i wouldn't put too much merit into it	11:31
<+trader0101>	Exited all ES Long @ 868.50 --> - 1.5 «« paper »»
<+szubaark>	Looks like we getting one of those low Volatility Range days again.
<+silo>	Shorts YM @ 8330
<+trader0101>	Shorts ES @ 866.75 «« paper »»	11:32
<+AustinJM>	well with a hammering like sunday night i can't imagine why ;-)
<+szubaark>	Shorts ES @ 865.50 «« paper »»	11:33
<+silo>	target: 8240 would be nice
	:)
<+trader0101>	Covered all ES Short @ 864.75 --> + 2 «« paper »»	11:35
	Long ES @ 868.50 «« paper »»	11:39
	Exited all ES Long @ 867.00 --> - 1.5 «« paper »»
	playing with chop chop
<+szubaark>	tightening stop	11:40
	exit stop set ES @ 869 «« paper »»
<+trader0101>	Shorts ES @ 864.25 «« paper »»	11:41
<+AustinJM>	i only saw 2 good entries from open to now
<oaktree>	buy ym 8299 paper	11:42
<+silo>	Covered all YM Short @ 8319 --> + 11
<+trader0101>	Covered all ES Short @ 865.75 --> - 1.5 «« paper »»
	break
<+silo>	Shorts YM @ 8327	11:43
<+AustinJM>	i like hammers where price falls directly into it
<+oaktree>	out ym 8322 paper
<+silo>	Covered all YM Short @ 8336 --> - 9	11:44
<+szubaark>	Covered all Short ES at 870 --> - 4.5 «« paper »»
	getting choppy out there
<+AustinJM>	Look at the time :)	11:45
<@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 @ 8353	11:47
	2
	Covered 1/2 YM Short @ 8332 --> + 21	11:52
	Covered YM Short @ 8358 --> - 5	11:53
	Reverse and Enter Long YM @ 8358
	Exited all YM Long @ 8334 --> - 24	11:54
<+szubaark>	chop alert
<+AustinJM>	haha, thanks szu
<+szubaark>	market likes to do this often LOOOLL	11:55
<+silo>	Long YM @ 8354
	2
<+oaktree>	buy ym 8339 paper
<+silo>	Exited all YM Long @ 8330 --> - 24	11:56
<+oaktree>	out 8322 paper
	buy ym 8330 paper	11:57
<@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 @ 869.00 -> small size	11:59
	2 only	12:00
<+silo>	Long YM @ 8356
	2
<+oaktree>	out ym 8374 paper
<@NihabaAshi>	Covered ES Short @ 871.25 --> - 2.25
	Reverse and Enter Long ES @ 871.25
<+trader0101>	Long ES @ 872.00 «« paper »»	12:01
<+silo>	Exited all YM Long @ 8396 --> + 40	12:02
<+trader0101>	exit stop moved to breakeven ES @ 872.00 «« paper »»
	Exited all ES Long @ 874.00 --> + 2 «« paper »»	12:03
	Shorts ES @ 872.50 «« paper »»	12:04
<+AustinJM>	Short YM @ 8388
<+oaktree>	buy ym 8383 ppaer	12:05
<+AustinJM>	lol
<+trader0101>	Covered all ES Short @ 872.00 --> + 0.5 «« paper »»
<+oaktree>	ouy ym 8388 paper
<+silo>	Shorts YM @ 8381	12:06
<@NihabaAshi>	Exited all ES Long @ 871.50 --> + 0.25
<+AustinJM>	Exit YM @ 8371	12:07
<+trader0101>	Long ES @ 873.00 «« paper »»	12:08
<+silo>	Covered all YM Short @ 8304 --> + 77
<+szubaark>	Buys ES @ 875 «« paper »»
<+trader0101>	Exited all ES Long @ 875.00 --> + 2 «« paper »»
<+silo>	that's not right
<+AustinJM>	Nice silo
<+silo>	that's error
	wrong number
<+AustinJM>	Missed this long entry :(	12:09
<+szubaark>	approaching intraday highs again
<+AustinJM>	Im expecting a higher close due to the fact that it was hit so hard earlier	12:11
<+szubaark>	tightening stop	12:12
	exit stop moved to breakeven ES @ 875 «« paper »»
<+trader0101>	Shorts ES @ 877.75 «« paper »»
<+szubaark>	if we dont break here, its gonna be a LONG day LOL	12:13
<+trader0101>	Covered all ES Short @ 877.00 --> + 0.75 «« paper »»
	not if it fails to make a higher high, imho	12:14
<+szubaark>	yes
<+trader0101>	buyers running out of steam, third time lucky maybe
<+szubaark>	its still only making lower highs	12:15
<+trader0101>	its also strong resitance level
<+AustinJM>	ya look at that serious engulfing candle
<+trader0101>	looks like bulls giving up, again	12:16
<+szubaark>	Exited all Long ES at 875 --> 0 «« paper »»
	shook me out
<@NihabaAshi>	Shorts ES @ 875.50 -> medium size
	4 only
<+trader0101>	its like nno one wants to trade anymore	12:17
* codehead_afk	is now known as codehead	12:18
<+szubaark>	yea tight range again, easy to keep getting stopped out :((
<+trader0101>	i have a feeling someone important is talking away	12:19
<+AustinJM>	im in that group 0101
<@NihabaAshi>	Covered all ES Short @ 873.00 --> + 2.5
<+trader0101>	talking or not trading group - i am making groups as i go along ;)
<+AustinJM>	not trading
<+trader0101>	i need to to do the same, its too much trading that hurts me
<+PapaJon>	its lunchtime 0101	12:20
<+AustinJM>	have you read the mantra PDF posted on the strategylab forum?
<+trader0101>	papa, it never stopped me trading before - i need to sit tight
<+PapaJon>	k
	[09:17] <trader0101> its like nno one wants to trade anymore	12:21
<+trader0101>	austin, printed out at work with intention to read it over the w/e - wishful thinking
<+PapaJon>	I mention lunch time ... est ... people not trading
<+trader0101>	will find it and read over this lunchtime, thks austin
<+AustinJM>	Good idea, i like that better than your weekend plan	12:22
	it takes about 15 minutes
<+trader0101>	i know, papa, wasn't being smart - just saying i need to abstain from lunch trading
	yes austin, reading now
<+szubaark>	Shorts ES @ 872.50 «« paper »»
<+trader0101>	nice short btw
<+oaktree>	buy ym 8376 paper	12:23
<+trader0101>	take my comment about that short back - sorry	12:24
<@NihabaAshi>	Long ES @ 873.50 -> small size
	1 only
<+szubaark>	Covered all Short ES at 875 --> - 2.5 «« paper »»	12:25
<@NihabaAshi>	Exited ES Long @ 875.00 --> + 1.5
<+szubaark>	Buys ES @ 875.50 «« paper »»	12:26
<+silo>	Long YM @ 8406
<+AustinJM>	you can't take it back, its come and gone :P
<+trader0101>	austin - i plead guilty as charged ;)
<+szubaark>	real jumpy now	12:28
<+silo>	Exited all YM Long @ 8392 --> - 14
<+AustinJM>	Anyone seen maximus lately?
<+szubaark>	Exited all Long ES at 871.75 --> - 3.75 «« paper »»	12:29
	Shorts ES @ 871.75 «« paper »»
	uh huh	12:31
<+oaktree>	out ym 8398 paper	12:33
<+szubaark>	Covered all Short ES at 877 --> - 5.25 «« paper »»	12:36
	Buys ES @ 877 «« paper »»
	in the red now :(	12:37
<@NihabaAshi>	Shorts ES @ 876.50 -> small size	12:39
	1 only
	Covered ES Short @ 878.25 --> - 1.75	12:40
	Shorts ES @ 876.50 -> small size	12:41
	3 only
	Covered all ES Short @ 878.50 --> - 2
<+szubaark>	should get buying Frenzy if we break highs	12:42
<@NihabaAshi>	Long ES @ 880.50 -> small size
	3 only
<+szubaark>	tightening stop
	exit stop moved to breakeven ES @ 877 «« paper »»
<+trader0101>	Shorts ES @ 880.00 «« paper »»	12:44
<+silo>	Shorts YM @ 8334
	2
	8434
	Covered all YM Short @ awgw --> + 8334 - awgw	12:45
	Shorts YM @ 8434
<@NihabaAshi>	Exited all ES Long @ 878.25 --> - 2.25
<+szubaark>	Exited all Long ES at 877 --> 0 «« paper »»
<+trader0101>	Covered all ES Short @ 876.25 --> + 3.75 «« paper »»
<+szubaark>	Shorts ES @ 876 «« paper »»
<@NihabaAshi>	Long ES @ 876.75 -> small size	12:47
	3 only
<+silo>	Covered all YM Short @ 8340 --> + 94	12:48
	oops
	out 8430
	8440
<@NihabaAshi>	Exited all ES Long @ 879.75 --> + 3	12:49
<+szubaark>	Covered all Short ES at 880.50 --> - 4.5 «« paper »»	12:51
	Buys ES @ 880.50 «« paper »»
	tricky action
	damn this is choppy	12:53
<+trader0101>	austin - that is a great article - i should read like a prayer book every morning prior to trading. Thx for the reminder	13:00
<+AustinJM>	Yes you should, I did this morning as well	13:03
<+trader0101>	either that or a discipline tablet - when will the pharmaceutical companies come to the realisation of this devasting disease affecting 'impatient' traders	13:06
<+AustinJM>	its called THC
<+trader0101>	Total Human Control - ?	13:07
	Shorts ES @ 882.00 «« paper »»	13:08
	Covered all ES Short @ 880.00 --> + 2 «« paper »»	13:09
<@NihabaAshi>	Shorts ES @ 881.75 -> small size	13:12
	2 only
	Covered all ES Short @ 881.00 --> + 0.75	13:16
<+AustinJM>	I've only had 3 setups today :(
<+szubaark>	exit stop set ES @ 881.50 «« paper »»	13:24
<@NihabaAshi>	buy stop to enter long ES @ 890.00	13:29
	Long ES @ 890.00 -> small size	13:30
	2 only
<+AustinJM>	Nihaba, what do you make of a bearish inverted hammer followed by a bullish inverted hammer at the top of price action?	13:33
<+trader0101>	mexican standoff ;)
<@NihabaAshi>	Exited all ES Long @ 890.75 --> + 0.75	13:34
	It's impossible to have back to back bullish bearish candlestick "patterns".	13:36
	However, it is possible to have back to back Inverted Hammer Line and Hammer Line.
<+AustinJM>	yes i was referring to hammer lines	13:37
<@NihabaAshi>	Thus, since you are talking about Lines and not Patterns (there's a difference)...
	I see no significance in that price action.
	Also, note I have a strong bias AGAINST doing candlestick analysis via single intervals.	13:38
<+trader0101>	for the uninitiated, what are hammer lines? Different to normal hammer candlesticks?
<@NihabaAshi>	I have a big long thread at EliteTrader.com about Hammer Lines and Patterns to keep someone busy for several months :)	13:39
	http://www.elitetrader.com/vb/showthread .php?s=&threadid=52880
<+AustinJM>	i had it bookmarked and lost the mark
	Yes, thank you i've been trying to find it again
<+trader0101>	are you sending me away Niha? ;)
<+AustinJM>	excellent thread, i've saved most of your examples and look them over often	13:40
<+trader0101>	thx for the link
<+szubaark>	exit stop set ES @ 886 «« paper »»
<+AustinJM>	i think im around page 75 lol	13:41
<+trader0101>	well just embarked on that road, hopefully better equipped when i reach the destination	13:42
<+szubaark>	just dont think that "candlesticks and their patterns" is all you need LOL	13:43
<+trader0101>	szu, I prefer to equip my quiver with the most apt of arrows. Anything less is wasteful baggage	13:45
<+szubaark>	that last volatility spike is getting quickly retraced :(	13:48
	exit stop set ES @ 887 «« paper »»	13:49
<@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
<+trader0101>	anyone hear trade the DAX?
	here
<+rickf>	on paper
	want to for real, waiting for more capitalization :)
<+trader0101>	good enough	13:50
	aha
<+szubaark>	rick, they just came out with Dax-Emini
<+rickf>	yeah i know - my broker isn't offering it yet
<+trader0101>	trade it few times and you have all the capital you been waiting for :)
	szu, source?
<+szubaark>	exit stop set ES @ 888 «« paper »»
<+rickf>	or be getting margin calls if you're wrong
	lol
<+szubaark>	the Exchange	13:51
<+trader0101>	right on, rick, and thx szu
<+rickf>	a 'noodle' on the dax can wipe you out some days
<+trader0101>	tell me about it :)
<@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.
<+trader0101>	first time ever trading was on the DAX :::>>>>>	13:52
<+szubaark>	Exited all Long ES at 888 --> + 7.5 «« paper »»
	Shorts ES @ 887.75 «« paper »»
<+trader0101>	scare for a day but recovered within a minutes. Learnt not to trade it until I knew how that beast roars
<+rickf>	agree	13:54
<+szubaark>	i got hurt on the euro when i was trading it and some news came out
* +rickf	made tons one trade, blinked, and lost it on the next side
<+rickf>	thank gods for the currency conversion
	lol
<+trader0101>	I find the DJ Euro to be more fitting
<+szubaark>	it was 4 years ago.. havent touched it since.. those scars are still there
<+trader0101>	szu, you fight your battles like there is no tomorrow :)	13:55
	true though about DAX, very slippery fish
<+szubaark>	the ES giving me more then i can handle.. this Beast is tough	13:56
<+oaktree>	buy ym 8519 paper
<+trader0101>	szu, keyword here is 'tough'
	why wrangle with a tough dude when you can make it with a lesser beast
<+szubaark>	nah, they're all tough. everything is competition tick for tick	13:57
	exit stop moved to breakeven ES @ 887.75 «« paper »»
<+oaktree>	out ym 8500 paper
<+rickf>	i havent looked @ dj euro	13:59
<+szubaark>	rick im sure they have mini for that too	14:00
<+rickf>	prolly
<+silo>	Shorts YM @ 8494	14:01
	2
<+trader0101>	Shorts ES @ 883.75 «« paper »»
<+szubaark>	Covered all Short ES at 882.25 --> + 5.5 «« paper »»	14:02
<+rickf>	vn
<+szubaark>	thanx..	14:03
<+trader0101>	Covered all ES Short @ 884.00 --> - 0.25 «« paper »»
<+szubaark>	back to Green for day	14:04
<+oaktree>	buy ym 8489 paper	14:05
<+rickf>	green is good
<+oaktree>	out ym 8476 paper	14:06
<+trader0101>	strong support	14:08
	Long ES @ 885.50 «« paper »»	14:10
	Exited all ES Long @ 884.00 --> - 1.5 «« paper »»
<@NihabaAshi>	Long ES @ 884.50 -> small size	14:11
	2 only
	Exited all ES Long @ 883.00 --> - 1.5	14:12
<+trader0101>	Shorts ES @ 883.25 «« paper »»
<@NihabaAshi>	Long ES @ 883.25 -> small size
	2 only
	Exited all ES Long @ 882.50 --> - 0.75
<+trader0101>	Covered all ES Short @ 881.25 --> + 2 «« paper »»	14:13
<@NihabaAshi>	Shorts ES @ 881.25 -> medium size
	4 only
<+trader0101>	Long ES @ 882.00 «« paper »»	14:15
<@NihabaAshi>	Covered all ES Short @ 882.00 --> - 0.75	14:16
<+trader0101>	Exited all ES Long @ 881.00 --> - 1 «« paper »»
<@NihabaAshi>	Shorts ES @ 880.75 -> medium size
	4 only
<+trader0101>	Shorts ES @ 880.75 «« paper »»	14:19
<tomis171>	hi
<+AustinJM>	Going to take a stab at paper trading ES
<@NihabaAshi>	Covered all ES Short @ 880.50 --> + 0.25	14:20
<+trader0101>	Covered all ES Short @ 882.00 --> - 1.25 «« paper »»
	Shorts ES @ 879.00 «« paper »»	14:22
	exit stop moved to breakeven ES @ 879.00 «« paper »»	14:23
	Covered all ES Short @ 879.00 --> 0 «« paper »»	14:25
	greed for a runner
<+AustinJM>	Long ES @ 877.76 / Exit 878.5
<@NihabaAshi>	Shorts ES @ 876.00 -> medium size	14:28
	4 only	14:29
<+tomis171>	Shorts ES @ 872 «« paper »»	14:30
<@NihabaAshi>	Covered all ES Short @ 872.75 --> + 3.25
<+trader0101>	gn all	14:33
<+AustinJM>	Short ES @ 871.5
	Out ES @ 873.00	14:34
<+Nesi>	Long YM @ 872.00 «« paper »»	14:41
	Exited all YM Long @ 874.00 --> + 2 «« paper »»	14:45
	that was ES, my mistake
	Long ES @ 875.00 «« paper »»	14:46
	Exited ES Long @ 873.50 --> - 1.5 «« paper »»	14:49
	Reverse and Enter Short ES @ 873.50 «« paper »»
	Covered all ES Short @ 871.50 --> + 2 «« paper »»	14:54
	Long ES @ 870.50 «« paper »»	14:55
	Exited all ES Long @ 867.50 --> - 3 «« paper »»	14:58
	Shorts ES @ 867.00 «« paper »»	14:59
<@NihabaAshi>	Shorts ES @ 866.75 -> small size	15:00
	3 only
<+Nesi>	Covered ES Short @ 868.00 --> - 1 «« paper »»	15:01
	Reverse and Enter Long ES @ 868.00 «« paper »»
<+silo>	Shorts YM @ 8326	15:05
<+szubaark>	Shorts ES @ 867 «« paper »»
<@NihabaAshi>	Covered all ES Short @ 867.75 --> - 1
<+Nesi>	Long ES @ 869.00 -> Add «« paper »»
<+tomis171>	Covered all ES Short @ 870 --> + 2 «« paper »»
<+silo>	Covered all YM Short @ 8350 --> - 24
<+szubaark>	Covered all Short ES at 872 --> - 5 «« paper »»	15:10
<@NihabaAshi>	Shorts ES @ 872.25 -> medium size	15:11
	4 only
	Covered all ES Short @ 873.50 --> - 1.25	15:12
<+Nesi>	Exited 1/2 ES Long @ 874.00 --> + 5 «« paper »»	15:13
<@NihabaAshi>	Long ES @ 876.25 -> medium size	15:15
	4 only
<+silo>	Shorts YM @ 8405	15:17
<@NihabaAshi>	4 point stop in place...will leave it alone.	15:18
	Be back later
	will post late trade result when I return	15:19
	nevermind
<+Nesi>	Exited ES Long @ 872.00 --> + 4 «« paper »»
	Reverse and Enter Short ES @ 872.00 «« paper »»
<@NihabaAshi>	Exited all ES Long @ 872.25 --> - 4
	Be back later
* NihabaAshi	is now known as NihabaAshi_away	15:20
<+szubaark>	Shorts ES @ 871.75 «« paper »»
<+silo>	Covered 1/2 YM Short @ 8376 --> + 29
	Covered Remainder YM Short @ 8382 --> + 23	15:21
<+Nesi>	Covered ES Short @ 873.00 --> - 1 «« paper »»	15:22
	Reverse and Enter Long ES @ 873.00 «« paper »»
<+szubaark>	im using wide stops and wide targets today, otherwise they'll just chop you to death
<+Nesi>	Exited all ES Long @ 869.00 --> - 4 «« paper »»	15:23
<+szubaark>	4pt is small stop today as we can see	15:24
	they'll just whack ya back and forth
<+Nesi>	Shorts ES @ 867.00 «« paper »»	15:26
<+szubaark>	exit stop set ES @ 875 «« paper »»	15:27
	tightening stop	15:29
	exit stop moved to breakeven ES @ 871.75 «« paper »»
<+Nesi>	Covered ES Short @ 870.50 --> - 3.5 «« paper »»
	Reverse and Enter Long ES @ 870.50 «« paper »»
<+szubaark>	Covered all Short ES at 871.75 --> 0 «« paper »»	15:30
<ItalianSharp>	chop city right now	15:31
<+szubaark>	starting to get more and more days like this now :((
<+codehead>	upside YM target 8437-8448, next at 8550	15:32
<+Nesi>	Long ES @ 873.00 -> Add «« paper »»	15:33
	geezzz
<+szubaark>	Buys ES @ 876 «« paper »»
	Exited all Long ES at 870 --> - 6 «« paper »»	15:36
	Shorts ES @ 870.25 «« paper »»
	frikin chop	15:37
<@NihabaAshi_away>	Long ES @ 869.50 -> medium size	15:40
* NihabaAshi_away	is now known as NihabaAshi	15:41
<@NihabaAshi>	4 only
<+Nesi>	Exited all ES Long @ 869.00 --> - 5.5 «« paper »»	15:43
	:/
<+silo>	Shorts YM @ 8368
	late post
<@NihabaAshi>	Exited all ES Long @ 869.25 --> - 0.25
<+rickf>	aaaand the selling starts	15:45
<@NihabaAshi>	Shorts ES @ 864.50 -> medium size
<+szubaark>	not after some viscious Chop LOL	15:46
<@NihabaAshi>	4 only
<+ItalianSharp>	i am not sure which way it'll break out, but the daily chart is SCREAMING for a breakout	15:47
	we may get one this week since it's FOMC week	15:48
<@NihabaAshi>	Covered all ES Short @ 865.75 --> - 1.25
	Long ES @ 866.50 -> medium size	15:49
	4 only
<+szubaark>	exit stop moved to breakeven ES @ 870 «« paper »»
<@NihabaAshi>	Exited all ES Long @ 867.25 --> + 0.75	15:50
	Shorts ES @ 865.50 -> medium size	15:51
	4 only
<+szubaark>	Niha nice reversals back and forth.. too fast for me	15:52
<+silo>	Covered 1/2 YM Short @ 8268 --> + 100	15:54
<+szubaark>	nice silo
<+szubaark>	time to get greedy after the earlier Chop stop-outs	15:55
<@NihabaAshi>	Covered all ES Short @ 853.75 --> + 11.75	15:56
	needed that one
<+silo>	Covered Remainder YM Short @ 8218 --> + 150
<+szubaark>	Nice Niha.
<@NihabaAshi>	Be right back...still dealing with some family distractions
* NihabaAshi	is now known as NihabaAshi_away
<+szubaark>	Covered all Short ES at 852.25 --> + 18 «« paper »»	15:57
	back to postive and im done	15:58
<+silo>	another big dump eh?	16:00
<+rickf>	nice	16:01
<+szubaark>	yea nice to be Positive on such choppy day
<+rickf>	ok guys see you tomorrow	16:05
<werner>	gn all	16:06
<@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.	18:00
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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