#FuturesTrades October 28th 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 28 09:17:58 2008Session Ident: #futurestrades
* Now	talking in #futurestrades	09:17
<@X>	[NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<PapaJon>	gm all	09:22
<+silo>	oh boy... i woke up late	09:23
	:(
<ItalianSharp>	morning all	09:24
<trader0101>	gm all
<petrpe>	gm
<drt>	gm	09:25
<+trader0101>	Long ES @ 871.00 «« paper »»	09:28
	Exited all ES Long @ 875.00 --> + 4 «« paper »»	09:30
<TraderG>	gm every 1	09:31
<Nesi>	Long ES @ 874.00 «« paper »»	09:32
<ripsboy>	gm all...
<LumenPharmer>	gm all	09:33
<+trader0101>	Shorts ES @ 873.50 «« paper »»	09:34
	Covered all ES Short @ 875.00 --> - 1.5 «« paper »»
<+Nesi>	Exited all ES Long @ 872.00 --> - 2 «« paper »»	09:35
<@NihabaAshi>	Shorts ES @ 871.50 -> large size
	10 only
<futurible>	GM ALL	09:36
<+Nesi>	Long ES @ 870.00 «« paper »»	09:37
<+trader0101>	Long ES @ 870.00 «« paper »»
<+silo>	Long YM @ 8352
<@NihabaAshi>	Covered all ES Short @ 870.50 --> + 1	09:38
<+trader0101>	Exited all ES Long @ 871.00 --> + 1 «« paper »»
<+silo>	Exited all YM Long @ 8352 --> 0	09:39
<@NihabaAshi>	Shorts ES @ 870.25 -> large size
	6 only	09:40
<+Nesi>	Exited ES Long @ 869.00 --> - 1 «« paper »»
	Reverse and Enter Short ES @ 869.00 «« paper »»
<werner>	gm all	09:41
<+Nesi>	Covered all ES Short @ 872.00 --> - 3 «« paper »»
<+trader0101>	Shorts ES @ 870.5 «« paper »»
	Covered all ES Short @ 872.00 --> - 1.5 «« paper »»	09:42
	crap pa
<+Nesi>	Long ES @ 872.50 «« paper »»
<+trader0101>	i am gonna ditch TS - hard to read candles withour outlines
<+silo>	Shorts YM @ 8385	09:43
	2
<@NihabaAshi>	Covered all ES Short @ 872.00 --> - 1.75	09:44
<+trader0101>	Long ES @ 872.75 «« paper »»	09:45
<+Nesi>	Long ES @ 873.50 -> Add «« paper »»
<+silo>	Covered all YM Short @ 8404 --> - 19
<+trader0101>	Exited all ES Long @ 874.75 --> + 2 «« paper »»
	Long ES @ 879.00 «« paper »»	09:47
	Exited all ES Long @ 878.00 --> - 1 «« paper »»
	Long ES @ 878.00 «« paper »»	09:48
<szubaark>	Buys ES @ 881.25 «« paper »»	09:49
<+trader0101>	Exited all ES Long @ 880.50 --> + 2.5 «« paper »»	09:50
<+silo>	Shorts YM @ 8449	09:51
	2
<+trader0101>	Shorts ES @ 877.50 «« paper »»
	exit stop moved to breakeven ES @ 877.50 «« paper »»	09:52
<+silo>	Covered 1/2 YM Short @ 8422 --> + 27
<+trader0101>	Covered all ES Short @ 876.00 --> + 1.5 «« paper »»	09:53
	hit trailing stop
<+silo>	Covered Remainder YM Short @ 8438 --> + 11
<@NihabaAshi>	Long ES @ 877.00 -> medium size
	5 only	09:54
<+szubaark>	tightening stop	09:56
	exit stop set ES @ 874 «« paper »»
<@NihabaAshi>	Exited all ES Long @ 880.50 --> + 3.5
<+silo>	Shorts YM @ 8469
	2
<+Nesi>	numbers at 10 am i think	09:57
<+trader0101>	Shorts ES @ 878.50 «« paper »»
	Covered all ES Short @ 879.25 --> - 0.75 «« paper »»
<pdays>	Shorts ES @ 879.0	09:59
<+szubaark>	exit stop set ES @ 875.50 «« paper »»
<+pdays>	Covered all ES Short @ 878.0 --> + 1
<+szubaark>	news in 50 seconds	10:00
	Exited all Long ES at 875.50 --> - 5.75 «« paper »»
<+silo>	Covered 1/2 YM Short @ 8397 --> + 72
<+Nesi>	Exited ES Long @ 872.50 --> 0 «« paper »»
	Reverse and Enter Short ES @ 872.50 «« paper »»
<+trader0101>	Long ES @ 875.00 «« paper »»	10:01
<+Nesi>	Shorts ES @ 875.00 -> Add «« paper »»
<@NihabaAshi>	Shorts ES @ 874.50 -> large size	10:02
<+trader0101>	Exited all ES Long @ 874.00 --> - 1 «« paper »»
<@NihabaAshi>	6 pm;u
	6 only
<+szubaark>	Shorts ES @ 873 «« paper »»	10:03
<+silo>	Covered Remainder YM Short @ 8410 --> + 59
<+Nesi>	Shorts ES @ 872.00 -> Add «« paper »»
<@NihabaAshi>	trailing stop @ profit
<+silo>	consumer sentiment news helped me on that trade :)
<PapaJon>	jeeze... had a power surge that shut everything down	10:05
<+PapaJon>	should not have happen... since i have a ups
<+trader0101>	Long ES @ 869.50 «« paper »»	10:06
	Exited all ES Long @ 868.00 --> - 1.5 «« paper »»	10:07
<@NihabaAshi>	Covered all ES Short @ 867.00 --> + 7.5	10:08
<+szubaark>	Nice Niha.
	exit stop set ES @ 871.50 «« paper »»	10:09
<+trader0101>	Shorts ES @ 868.00 «« paper »»
	exit stop moved to breakeven ES @ 868.00 «« paper »»	10:10
	Covered all ES Short @ 868.00 --> 0 «« paper »»	10:11
	Long ES @ 867.50 «« paper »»	10:13
	Exited all ES Long @ 870.00 --> + 2.5 «« paper »»
<+szubaark>	tightening stop	10:15
	exit stop set ES @ 871.25 «« paper »»
	Contracting Volatility, expecting spike soon, hopefully to downside,Im Short	10:16
	tightening stop	10:17
	exit stop set ES @ 869 «« paper »»
<+trader0101>	Shorts ES @ 864.75 «« paper »»
	Covered all ES Short @ 862.75 --> + 2 «« paper »»
	Long ES @ 864.75 «« paper »»	10:20
	Exited all ES Long @ 866.75 --> + 2 «« paper »»	10:21
<+szubaark>	tightening stop	10:23
	exit stop set ES @ 867 «« paper »»
<+trader0101>	Shorts ES @ 862.25 «« paper »»
	Covered all ES Short @ 863.75 --> - 1.5 «« paper »»
	Long ES @ 864.00 «« paper »»	10:24
	Exited all ES Long @ 864.50 --> + 0.5 «« paper »»	10:25
<+Nesi>	exit stop set ES @ 870.00 «« paper »»
<+szubaark>	Covered all Short ES at 867 --> + 6 «« paper »»
<pat255>	vn szu	10:26
<+szubaark>	thnx
<palmer>	anyone broker increased their margin requirement for daytrade?	10:27
<+silo>	OEC did	10:28
<+palmer>	i just opened an account with them last week
<+trader0101>	TS	10:29
	market in a coma	10:31
<+szubaark>	Shorts ES @ 862 «« paper »»	10:32
<@NihabaAshi>	Shorts ES @ 861.25 -> medium size	10:33
	4 only
<+trader0101>	Shorts ES @ 860.75 «« paper »»
	Covered all ES Short @ 862.25 --> - 1.5 «« paper »»
	crap	10:34
<+szubaark>	tightening stop
	exit stop set ES @ 865 «« paper »»
	Volatility decreasing by the minute	10:36
<@NihabaAshi>	Covered all ES Short @ 862.75 --> - 1.5
<@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.	10:37
<+silo>	Shorts YM @ 8325	10:38
	2
<@NihabaAshi>	Shorts ES @ 861.50 -> medium size
	5 only
<+szubaark>	Contracting Volatility, expecting spike soon, hopefully to downside,Im Short
<+silo>	Covered 1/2 YM Short @ 8280 --> + 45	10:40
	exit stop set YM @ 8340	10:41
<@NihabaAshi>	Covered all ES Short @ 853.75 --> + 7.75	10:43
<+silo>	Covered Remainder YM Short @ 8250 --> + 75
<+szubaark>	tightening stop
	exit stop set ES @ 858 «« paper »»
<+silo>	daily profit target reached	10:44
<+pat255>	vn	10:45
<+palmer>	silo can i pc u	10:46
<+szubaark>	Covered all Short ES at 858 --> + 4 «« paper »»	10:48
<+silo>	pc me? :)	10:49
	you can pm me
	Shorts YM @ 8257	10:50
	one only	10:51
	wanted to hold that last trade
	but locked profit instead
	so after a bounce.... hopefully it'll give me some cushion to hold this
	expectinga trend down day
	so just one contract
<rickf>	gm	10:54
<+szubaark>	gm rick	10:55
<+werner>	gm rickf
<+rickf>	:)
<+szubaark>	Shorts ES @ 849 «« paper »»
	exit stop moved to breakeven ES @ 849 «« paper »»	10:56
<+trader0101>	Shorts ES @ 847.75 «« paper »»
<+silo>	Covered all YM Short @ 8172 --> + 85
	one only
<+rickf>	just checking in and lurking today - had a rough night w/the broker and am an absolute zombie today
<+szubaark>	nice
<+rickf>	vn silo
<+silo>	2x daily profit reached
<+trader0101>	exit stop moved to breakeven ES @ 847.75 «« paper »»	10:57
<+silo>	Long YM @ 8160	10:59
	one
	bottom pick
<+Nesi>	Covered all ES Short @ 845.00 --> + 54.5 «« paper »»
<+silo>	Long YM @ 8175 -> Add
<+trader0101>	Covered all ES Short @ 846.00 --> + 1.75 «« paper »»
	Long ES @ 848.50 «« paper »»	11:01
<+szubaark>	Covered all Short ES at 849 --> 0 «« paper »»
<+silo>	Exited all YM Long @ 8202 --> + 69
	that was a bottom pick szu
	3x daily profit reached
<+trader0101>	Exited all ES Long @ 850.00 --> + 1.5 «« paper »»	11:02
<+silo>	might dip at 8243	11:03
	if not that. 8270
	resistance
<+trader0101>	Long ES @ 8230 «« paper »»	11:05
	YM not ES
<@NihabaAshi>	Shorts ES @ 852.25 -> small size	11:06
	3 only
<+trader0101>	Exited all ES Long @ 8215 --> - 15 «« paper »»	11:07
	Shorts ES @ 849.00 «« paper »»	11:09
	Covered all ES Short @ 850.25 --> - 1.25 «« paper »»	11:10
<@NihabaAshi>	Covered all ES Short @ 850.50 --> + 1.75
<+trader0101>	Shorts ES @ 850.75 «« paper »»	11:12
<+Nesi>	Shorts ES @ 849.00 «« paper »»
<+trader0101>	exit stop set ES @ 850.75 «« paper »»
	Covered all ES Short @ 850.50 --> + 0.25 «« paper »»	11:13
<+Nesi>	Covered all ES Short @ 852.00 --> - 3 «« paper »»	11:14
<+trader0101>	Long ES @ 853.50 «« paper »»
* codehead_afk	is now known as codehead
<+Nesi>	Shorts ES @ 854.00 «« paper »»	11:16
<+trader0101>	Exited all ES Long @ 855.50 --> + 2 «« paper »»	11:19
	waited too long for it
<+Nesi>	Covered all ES Short @ 856.00 --> - 2 «« paper »»	11:20
<+trader0101>	Shorts ES @ 852.00 «« paper »»	11:24
<szubaark>	Shorts ES @ 850.75 «« paper »»	11:25
<+trader0101>	Covered all ES Short @ 850.75 --> + 1.25 «« paper »»
	Long ES @ 854.00 «« paper »»	11:27
	Exited all ES Long @ 854.00 --> 0 «« paper »»	11:28
<+Nesi>	Long ES @ 854.00 «« paper »»	11:29
<+szubaark>	Covered all Short ES at 856 --> - 5.25 «« paper »»	11:30
<+trader0101>	Long ES @ 856.00 «« paper »»
<+Nesi>	Long ES @ 856.50 -> Add «« paper »»
<+trader0101>	Exited all ES Long @ 857.00 --> + 1 «« paper »»	11:31
<+szubaark>	Shorts ES @ 858.75 «« paper »»	11:33
<@NihabaAshi>	Long ES @ 861.25 -> small size	11:35
	2 only
	Exited all ES Long @ 861.50 --> + 0.25	11:37
* Retrieving	#futurestrades modes...
<@NihabaAshi>	tough
<+trader0101>	Shorts ES @ 860.00 «« paper »»
	Covered all ES Short @ 860.00 --> 0 «« paper »»	11:38
<+szubaark>	i shoudnt be trading today, too many distractions	11:39
<+trader0101>	said the same thing to myself, ending up trading more than any other day ;)
<+szubaark>	will take a break after this trade	11:40
<+trader0101>	Shorts ES @ 858.75 «« paper »»
<+rickf>	:(	11:41
<+trader0101>	Covered all ES Short @ 858.25 --> + 0.5 «« paper »»
	break time	11:42
<+Nesi>	exit stop set ES @ 855.00 «« paper »»	11:45
<+silo>	Shorts YM @ 8306	11:47
	1 only
<+Nesi>	Exited all ES Long @ 856.00 --> + 1.5 «« paper »»	11:54
<@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
<+szubaark>	Covered all Short ES at 855.75 --> + 3 «« paper »»
	exited Early due to distractions
* szubaark	is now known as szubaark_away
<+Nesi>	Long ES @ 859.00 «« paper »»	11:58
	Exited all ES Long @ 856.00 --> - 3 «« paper »»	12:01
<+silo>	i have high expectations for this short	12:04
	target 8150
	:P
	one contract only
	longer term trade than usual
	needs to break this level though	12:05
	support here
<+Nesi>	Long ES @ 858.50 «« paper »»	12:09
<+silo>	Shorts YM @ 8309 -> Add	12:20
<+trader0101>	inv h&s forming	12:27
<+Nesi>	Long ES @ 860.00 -> Add «« paper »»	12:31
<@NihabaAshi>	Shorts ES @ 861.00 -> small size	12:34
<+silo>	Covered 1/2 YM Short @ 8307 --> + 2
<@NihabaAshi>	1 only
	Covered ES Short @ 862.00 --> - 1	12:35
	Reverse and Enter Long ES @ 862.00
	1 only
<+silo>	Shorts YM @ 8296 -> Add	12:36
<@NihabaAshi>	Exited ES Long @ 860.00 --> - 2	12:37
<+silo>	Covered 1/2 YM Short @ 8309 --> - 13	12:42
<@NihabaAshi>	Long ES @ 862.50 -> small size
	2 only
<+silo>	Covered Remainder YM Short @ 8323 --> - 17
<@X>	#FuturesTrades Info -> Some members (including me) explain basic details about their trades posted in #FuturesTrades @ http://thestrategylab.com/forum/index.ph p?board=58.0 and there's a link there to take you to #FuturesTrades archived logs if you're interested in reviewing past trades or market commentary posted in #FuturesTrades.	12:43
<+silo>	didn't want to go down just yet
	gonna eat lunch
	be back
<AustinJM>	Long YM @ 8348	12:46
<@NihabaAshi>	Exited all ES Long @ 866.00 --> + 3.5	12:47
<+AustinJM>	out YM @ 8353 +5	12:48
	Short YM @ 8346	12:55
	out YM # 8356	12:56
<+Nesi>	exit stop set ES @ 860.00 «« paper »»	13:06
<+trader0101>	Long ES @ 868.75 «« paper »»
	Long ES @ 868.75 «« paper »»
	oops, just once
<+rickf>	FOMC at 2:15	13:07
	oops
	sorry tomorrow
<+trader0101>	Exited all ES Long @ 870.75 --> + 2 «« paper »»	13:08
<+Nesi>	ES at opening price..fwiw	13:09
<+silo>	what's fwiw?
	:P
<+Nesi>	for what it is worth	13:10
<+silo>	ah k :)
	i'm hoping to pick top soon :)
	if we go a little higher
<+trader0101>	i am waiting for your call silo :)	13:11
<+AustinJM>	im thinking the same thing
	i could use a nice long ride down
	i dont like these small bodies and small shadows
<+rickf>	beats small bodies and looooong tails/wicks
	to me, anyway	13:12
<+trader0101>	Long ES @ 873.25 «« paper »»
<+AustinJM>	Well atleast a long body shows some pressure
	err
	long shadow
<+rickf>	true	13:13
<+AustinJM>	nice area to look for a turn around
	its pratically dojis here
<+rickf>	what timeframe?
<+AustinJM>	650 tick	13:14
<+Nesi>	i am watching IF ES can take 882 area
<+AustinJM>	3 min is just some slow upward creep
	and finally a doji
<+rickf>	hrmmmm i am 688t and see no dojis
<+AustinJM>	im watching YM	13:15
<+rickf>	DUH
	nevermind
<+AustinJM>	let me go to 688
<+rickf>	another reason why i am not trading today - lack of sleep
<+AustinJM>	no djois on 688 :P
<+rickf>	toldya :)
	forgot you werelooking at ym
<+AustinJM>	alright Silo,	13:16
	here she comes
<+trader0101>	Exited all ES Long @ 871.25 --> - 2 «« paper »»
	greed ....	13:17
<+silo>	hehe i'm not shorting yet	13:19
	:)
<+AustinJM>	what are you looking for?	13:20
<+trader0101>	i am still long bias	13:22
<+silo>	me too	13:24
<+trader0101>	not sure anymore
	Shorts ES @ 870.25 «« paper »»	13:25
	exit stop moved to breakeven ES @ 870.25 «« paper »»	13:26
	Covered all ES Short @ 869.00 --> + 1.25 «« paper »»	13:29
	i keeping holding out for a runner that never turns up. Stubborn me
	Shorts ES @ 868.75 «« paper »»	13:32
	Covered all ES Short @ 868.75 --> 0 «« paper »»	13:33
<+silo>	Shorts YM @ 8366	13:35
	one only
<+AustinJM>	you guys thing vol will be high on election day?	13:36
<@NihabaAshi>	Long ES @ 867.00 -> small size	13:38
	1 only
	Exited ES Long @ 866.00 --> - 1	13:39
<+silo>	Covered all YM Short @ 8344 --> + 22
<+AustinJM>	bounced off of double top at 11:40	13:41
<@NihabaAshi>	Long ES @ 866.75 -> small size
	1 only
<+trader0101>	Shorts ES @ 866.00 «« paper »»	13:42
<@NihabaAshi>	Exited ES Long @ 866.00 --> - 0.75
<+trader0101>	Covered all ES Short @ 865.00 --> + 1 «« paper »»	13:43
<@NihabaAshi>	Long ES @ 866.50 -> small size	13:46
	3 only
<+trader0101>	Long ES @ 867.00 «« paper »»	13:47
	Exited all ES Long @ 865.50 --> - 1.5 «« paper »»	13:48
<@NihabaAshi>	Exited all ES Long @ 864.50 --> - 2	13:50
<+trader0101>	Shorts ES @ 864.00 «« paper »»
	Covered all ES Short @ 863.25 --> + 0.75 «« paper »»	13:52
	thats a day for me.	13:53
<+AustinJM>	hopefully price action will pick up soon	13:54
<@NihabaAshi>	Shorts ES @ 861.75 -> medium size	14:04
	4 only
	Covered all ES Short @ 863.00 --> - 1.25	14:05
<+silo>	Shorts YM @ 8333	14:06
	1 only
<@NihabaAshi>	Long ES @ 864.00 -> medium size
	4 only
<+codehead>	crude did a bottom retest, getting a decent bounce off it	14:08
<+silo>	Shorts YM @ 8326 -> Add	14:09
<@NihabaAshi>	Exited all ES Long @ 863.25 --> - 0.75
<+silo>	Covered all YM Short @ 8365 --> - 71	14:11
<+AustinJM>	ya i got burned on that one too silo	14:12
<@NihabaAshi>	Long ES @ 867.25 -> medium size
	4 only
	Exited all ES Long @ 867.50 --> + 0.25	14:13
<+silo>	only 2x now... down from 3x	14:14
	:\
<@NihabaAshi>	Long ES @ 868.00 -> medium size
	4 only
	Exited all ES Long @ 869.25 --> + 1.25	14:15
<+silo>	Shorts YM @ 8378	14:16
<+szubaark_away>	Buys ES @ 870 «« paper »»	14:17
* szubaark_away	is now known as szubaark
<@NihabaAshi>	Long ES @ 869.25 -> medium size
	4 only	14:18
	Exited all ES Long @ 86825 --> + 85955.75	14:19
	Exited all ES Long @ 868.25 --> - 1	14:20
<+szubaark>	tightening stop	14:21
<+silo>	Covered 1/2 YM Short @ 8385 --> - 7
<+szubaark>	exit stop set ES @ 867.50 «« paper »»
<+silo>	Covered Remainder YM Short @ 8411 --> - 33
<@NihabaAshi>	Long ES @ 870.75 -> medium size
	4 only
<+szubaark>	tightening stop	14:22
	exit stop set ES @ 868.50 «« paper »»
<+silo>	Long YM @ 8431	14:23
	2
<@NihabaAshi>	Exited all ES Long @ 874.00 --> + 3.25	14:24
<+silo>	Exited all YM Long @ 8431 --> 0	14:25
<+szubaark>	needs to break this Resistance here	14:26
	tightening stop
	exit stop moved to breakeven ES @ 870 «« paper »»
<+AustinJM>	8485 is top	14:27
<+Nesi>	watching again IF ES takes 882 area
<+szubaark>	tightening stop
	exit stop set ES @ 873 «« paper »»
<+silo>	gonna try to pick top if we go higher	14:30
<+AustinJM>	it came within 1 tick of daily high	14:31
	broke high
<+szubaark>	NOT ES or NQ
<+AustinJM>	YM
<+szubaark>	markets in sync today	14:32
<+Nesi>	900 ES my tgt before close..imho
<+silo>	Shorts YM @ 8512 -> Add
	?	14:33
	Covered all YM Short @ aweggwe --> + 8431 - aweggwe + 8512 - aweggwe
	Shorts YM @ 8512
	Shorts YM @ 8510 -> Add
<+szubaark>	Exited all Long ES at 882.75 --> + 12.75 «« paper »»
<+AustinJM>	you've got guts for taking that short silo	14:34
<+szubaark>	hopefully i wont have any more distractions for rest of day
<+AustinJM>	Props and well earned ticks if you make out on this one
	at close of 15 minute bar i will enter if it stays a hammer	14:36
<+silo>	Covered all YM Short @ 8481 --> + 60
<+AustinJM>	Very nice silo
	i want a bearish hammer!	14:38
	Price did same thing yesterday	14:43
	and then fell 300 points in the last hour
<+rickf>	could be the run-up to the 3PM selloff	14:44
<+silo>	Shorts YM @ 8558
	1 only
<@NihabaAshi>	Long ES @ 888.25 -> medium size	14:45
	4 only
	Exited all ES Long @ 889.00 --> + 0.75	14:47
<@X>	#FuturesTrades Info ->  Some members (including me) explain basic details about their trades posted in #FuturesTrades @ http://thestrategylab.com/forum/index.ph p?board=58.0 and there's a link there to take you to #FuturesTrades archived logs if you're interested in reviewing past trades or market commentary posted in #FuturesTrades.	14:49
<+silo>	Covered all YM Short @ 8558 --> 0	14:50
<@NihabaAshi>	Long ES @ 887.75 -> medium size	14:51
	4 only
<+Nesi>	Exited 1/2 ES Long @ 893.00 --> + 33 «« paper »»	14:54
<@NihabaAshi>	Exited all ES Long @ 893.75 --> + 6
<+silo>	Shorts YM @ 8610
	one only
<@NihabaAshi>	geeesh	14:55
<+silo>	Covered all YM Short @ 8636 --> - 26	14:56
<@NihabaAshi>	relenthless
<+szubaark>	silo u got balls Shorting this on every Volatility Spike to upside
<+silo>	last one is probably not a good idea... 'cuz the previous two should've told me that it's a parabolic move	14:57
	lesson learned
	but just one contract only
	no biggie
	Shorts YM @ 8619	14:58
	one only
<+AustinJM>	nice exit nihaba	15:03
<+palmer>	any mirus users?	15:04
<+AustinJM>	yup	15:05
<@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>	Covered all YM Short @ 8574 --> + 45	15:07
<+AustinJM>	nice silo
<+silo>	thanks	15:08
<@NihabaAshi>	BUY BUY BUY @ 892.50 - 893.30	15:11
	:)
	Just wanted to see who would do it :)
	meant 892.50 - 893.50	15:12
	It's going to the moon !!!
	Sorry about the sarcasm...
	Saw a old message post at a forum where someone has been hyping BUY BUY BUY since the TOP	15:13
<+AustinJM>	Which moon are you referring to niha? :P
<@NihabaAshi>	Dark Side
<+AustinJM>	lol
<@NihabaAshi>	If it breaks back above 895.00	15:14
	You missed your chance
<+szubaark>	Niha u reminding me of Targetman, he used to sau stuff like that
<@NihabaAshi>	Targetman ?
<+szubaark>	funny character during the Internet Bubble days
<@NihabaAshi>	That sounds like one of those YouTube characters running around in a old exhchange floor jacket	15:15
<+szubaark>	he was on mirc think it was #emini back then
<+Nesi>	i remember him.. szu :)	15:16
<+szubaark>	he later changed his nick to Rufus
<+silo>	k i'm done	15:17
	see you guys tomorrow
	:)
<+szubaark>	once the bubble burst, they all disappered as trading wasnt simply Buy and Hold anymore
<+AustinJM>	pssh, i want to enter but i looks like we're getting some strong buyside bias	15:22
<+rickf>	ok guys off for the day - have a good one, see you tomorrow
<+AustinJM>	and i dont trust any buy signals lol
<+Nesi>	Exited Remainder ES Long @ 908.00 --> + 49.5 «« paper »»
<+szubaark>	nice
<+Nesi>	wish is was for real
<+AustinJM>	I did a double take on that	15:24
	That's huge, nice job nesi
<+Nesi>	just paper trade	15:25
<+AustinJM>	im paper trading this right now too, i want to see a sign of a reversal, i didn't get in and im not sure how to find an entry signal when it just keeps going up	15:26
<+szubaark>	pretty impressive Parabolic upmove	15:36
<+AustinJM>	gotta love 3:30, market runs around like a headless chicken	15:39
<+szubaark>	sometimes YES sometimes NO LOL
<+Nesi>	Shorts ES @ 915.75 «« paper »»
	Covered all ES Short @ 918.00 --> - 2.25 «« paper »»	15:40
<+AustinJM>	i've found an interesting trend in my paper trading	15:42
	if im 1:1 risk reward
	my stop is found like 70% of the time
	maybe im counter-intuitive?
<+szubaark>	Shorts ES @ 916 «« paper »»	15:47
<+AustinJM>	Alright im off too	15:49
	Happy trading, good luck
<+szubaark>	guess they want 923	15:53
	opps	15:55
<+werner>	wow...bulls	15:57
<+szubaark>	any news?
<+werner>	don't see some :)	15:58
<intowin>	bear market rally but consumer sentiment at an all time low may have actually been good news. Ie now folks are giving up lets buy
<+werner>	lol cnbc	16:00
	16:01ET NEW YORK (AP) -- Dow Jones industrials rise 900 points as rally gains momentum in last hour	16:01
<+silo>	szu yo ustill in short?	16:03
<+szubaark>	Yes :(
	got CAUGHT in a Parabolic upmove	16:04
	Covered all Short ES at 939.25 --> - 23.25 «« paper »»	16:11
	that move caught me by surprise and i paid for it	16:13
	the early big winners soften up the big blow a little	16:14
	another day, another frikin lesson LOL	16:21
<+werner>	gn all	16:37
<@X>	#FuturesTrades Info ->  Some members (including me) explain basic details about their trades posted in #FuturesTrades @ http://thestrategylab.com/forum/index.ph p?board=58.0 and there's a link there to take you to #FuturesTrades archived logs if you're interested in reviewing past trades or market commentary posted in #FuturesTrades. Session Close: Wed Oct 29 00:00:00 2008	23:04
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

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

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