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#FuturesTrades October 29th Wednesday 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: Wed Oct 29 00:00:00 2008Session Ident: #futurestrades
<drt> gm08:18
<PapaJon> gm all09:11
<stick2it> gm all...09:13
<futurible> gm all09:15
<T-stop> gm09:19
<rickf> mg09:22
<JimL> gm all, could someone give me the symbol for dax emini ninja/ib? thks09:24
<+rickf> it's FDAXZ8 on ecry if that helps any
<TraderG> IB does not have mini DAX09:25
<+rickf> not many brokers offering it yet'
<+TraderG> only reular size
<Maximus> FDAX on ninja
<trader0101> check with yr broker
<+TraderG> FDAX is the symbol
<+trader0101> gm all
<+TraderG> gm every 1
<+JimL> TY-I've been using fdax & had heard about the emini. so that will be different, but its not yet available. is that correct?09:27
<+Maximus> Oh sry Jim, FDAX is the reg. size DAX contract.. the emini i heard of recently.. but am unsure of the symbol

most are avoiding it ATM due to volume/liquidity/slippage concerns as it debuts09:28
<werner> gm all
<ItalianSharp> morning all09:29
<+rickf> gm
<+JimL> has anyone restarted working with TF and its performance? i have been sim trading for a few days & now find volumes low vs er2, but its staring to track close to es now09:30
<+trader0101> i find it erratic at best09:31
<@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>  Shorts ES @ 931.75 «« paper »» 09:32
Trailing Stop Hit ES @ 870.25 --> + 61.5 «« paper »»
what?
<LumenPharmer> fills on TF suck, 1 point range is a free for all
<ripsboy> gm all...09:33
<+trader0101> trailing stop hit at 930.50
<+LumenPharmer> on the otherside TF she moves quicker now ;)09:34
<+trader0101> you need wider stops - a big downside

Trailing Stop Hit ES @ 870.25 --> + 61.5 «« paper »» 09:35

just testing this stop thing09:36
<@NihabaAshi>  Shorts ES @ 932.00 -> large size
9 only
<+trader0101> not sure why it just vomits figures like that
<+rickf> good entry niha09:37
maybe a graet one
<+trader0101>  Shorts ES @ 927.50 «« paper »» 09:39
<@NihabaAshi>  Covered all ES Short @ 929.50 --> + 2.5 09:40
<+trader0101> stopped out 929.0009:41
<szubaark>  Buys ES @ 935.75 «« paper »»
<@NihabaAshi>  buy stop to enter long ES @ 936.75 09:42

Long ES @ 936.75 -> large size 09:43

6 only
<Nesi>  Shorts ES @ 936.00 «« paper »» 09:45
<trader0101>  Long ES @ 935.25 «« paper »» 09:46
<+trader0101> s/o 935.50
<@NihabaAshi>  Exited all ES Long @ 934.75 --> - 2 09:47
<+silo>  Shorts YM @ 9028
2
<@NihabaAshi>  Shorts ES @ 934.25 -> large size 09:48

10 only
<+szubaark>  Exited all Long ES at 932.75 --> - 3 «« paper »»
<+trader0101>  Trailing Stop Hit ES @ 870.25 --> - 65 «« paper »» 09:50

testing

exit stop set ES @ 999 «« testing »»
<+szubaark>  Shorts ES @ 932.50 «« paper »»
<+trader0101>  exit stop moved to breakeven ES @ 999 «« testing »» 09:51
<pdays>  Shorts YM @ 9012
<+pdays>  Covered all YM Short @ 9002 --> + 10
<@NihabaAshi>  Covered all ES Short @ 930.75 --> + 3.5
<+szubaark>  exit stop set ES @ 935.75 «« paper »» 09:52
<+silo>  Covered 1/2 YM Short @ 8999 --> + 29 09:53
<+szubaark> tightening stop09:55

exit stop moved to breakeven ES @ 932.50 «« paper »»

Covered all Short ES at 932.50 --> 0 «« paper »»
<@NihabaAshi> Price action suddenly became problematic and that's mainly due to the declining volatility
<+silo>  Covered Remainder YM Short @ 9028 --> 0 09:56

Long YM @ 9034

2

Exited 1/2 YM Long @ 9020 --> - 14 09:59

Exited Remainder YM Long @ 9017 --> - 17
<+szubaark>  Shorts ES @ 929.50 «« paper »» 10:00
<@NihabaAshi>  Shorts ES @ 929.50 -> small size
<+trader0101> this market is waiting for something ...
<@NihabaAshi> 2 only
<+szubaark> Volatility increasing
<+rickf> FOMC at 2:15
<+trader0101> szu, how did you figure volatility increasing?10:01
seems to range to me
like ping pong
<+szubaark> when we spiked down
<+trader0101> stops getting hit :)
stops getting hit will temporarily increase volatility but not necessary continuation of the prior trend10:03
<@NihabaAshi>  Covered all ES Short @ 932.00 --> - 2.5
<+szubaark> tough, snapped right back into the Range :(10:04
<@NihabaAshi> szu...it's going to clear out soon :)

Gotta be ready to catch a runner when it does.10:05
<+szubaark> yea..
<@NihabaAshi>  Long ES @ 933.25 -> small size 10:06

3 only
<+szubaark>  Covered all Short ES at 936.75 --> - 7.25 «« paper »» 10:07
Buys ES @ 936.75 «« paper »» 10:08
time to get greedy now10:09
<@NihabaAshi>  Exited all ES Long @ 938.50 --> + 5.25

early exit10:10

Be back later...got some family distractions

:(
* NihabaAshi is now known as NihabaAshi_away
<AustinJM> Goodmorning all10:18
<+AustinJM> Short YM @ 908810:21
<oaktree> buy ym 9095 paper
<trader0101> crap internet, again10:24
<+oaktree> out ym 9109 paper
<+szubaark> tightening stop10:25
exit stop set ES @ 939.50 «« paper »»
<+silo>  Long YM @ 9131 10:27

2
<+Nesi>  Shorts ES @ 942.00 -> Add «« paper »» 10:28
<+silo>  Exited YM Long @ 9117 --> - 14

Reverse and Enter Short YM @ 9117
<+szubaark> tightening stop10:30
exit stop set ES @ 940 «« paper »»
Exited all Long ES at 940 --> + 3.25 «« paper »» 10:31
<+AustinJM> Short YM @ 9086
<+szubaark>  Shorts ES @ 939 «« paper »»
<+silo>  Covered 1/2 YM Short @ 9082 --> + 35

Covered Remainder YM Short @ 9090 --> + 27 10:32
* Awash is now known as Awash_afk10:38
<+AustinJM> Covered YM @ 9044

short YM @ 903010:42
<+Nesi>  exit stop set ES @ 937.00 «« paper »» 10:43
<+silo>  Long YM @ 9024 10:44

one only

Long YM @ 9028 -> Add
<+AustinJM> Reversed @ 9039 entered long10:46
<+silo>  Exited all YM Long @ 9042 --> + 32

Shorts YM @ 9028 10:47

2
<+szubaark> tightening stop10:48
exit stop set ES @ 934.50 «« paper »»
<+silo>  Covered 1/2 YM Short @ 9041 --> - 13
<+szubaark>  Covered all Short ES at 934.50 --> + 4.5 «« paper »»
<+AustinJM> wow, that came dangerously close to my hard stop lol
* NihabaAshi_away is now known as NihabaAshi
<+AustinJM> i almost pulled teh plug before

a lot of bearish pressure right now10:49

stop filled @ 9029
<+silo>  Shorts YM @ 9021 -> Add
<+szubaark>  Shorts ES @ 931 «« paper »» 10:50

Covered all Short ES at 934.50 --> - 3.5 «« paper »»
<+silo>  Covered all YM Short @ 9036 --> - 23 10:51
<+szubaark>  Shorts ES @ 931 «« paper »» 10:52

trying agaibn

got shaken out once10:53
<+silo>  Long YM @ 9020
Exited all YM Long @ 9000 --> - 20 10:54
<+szubaark> tightening stop10:57

exit stop moved to breakeven ES @ 931 «« paper »»

Covered all Short ES at 931 --> 0 «« paper »» 10:58
<+silo>  Long YM @ 9019 10:59
2
be right back... have to grab food from upstairs
<+szubaark> hope u got Stop in place11:00

Shorts ES @ 928.25 «« paper »»
<+silo>  Exited all YM Long @ 8990 --> - 29
<+szubaark> geez, still holding here11:02

Covered all Short ES at 932 --> - 3.75 «« paper »»

Buys ES @ 932.50 «« paper »» 11:03
<+silo> man i didn't get my long... and you didn't get your short lol11:06
Long YM @ 9043 11:07
<+szubaark> its FOMC day, no surprise11:08
<+silo> 2
<+Nesi>  Covered all ES Short @ 934.50 --> + 9 «« paper »»
<+AustinJM> when is that supposed to happen or has it already?11:09
<+szubaark> 2:15 pm Eastern unless there is a Leak
<+silo>  Exited YM Long @ 9036 --> - 7
Reverse and Enter Short YM @ 9036
<+AustinJM> has there ever been a leak?
<+szubaark> lol11:10
<+AustinJM> I wouldn't admit to knowing that's for sure
<@NihabaAshi>  Shorts ES @ 933.25 -> small size
2 only
<+szubaark>  Exited all Long ES at 932.50 --> 0 «« paper »»

Shorts ES @ 932.25 «« paper »»

trying Short 3rd time here11:11
<+Nesi>  Shorts ES @ 930.75 «« paper »»
<+szubaark> tight range for FOMC day so far11:12
<+silo>  Covered 1/2 YM Short @ 9000 --> + 36
<+szubaark>  exit stop moved to breakeven ES @ 932.25 «« paper »» 11:13

Covered all Short ES at 932.25 --> 0 «« paper »» 11:14
<@NihabaAshi>  Covered all ES Short @ 932.75 --> + 0.5
<+szubaark>  Shorts ES @ 929.75 «« paper »» 11:16

trying 4th time
<trader0101> market not in the mode11:17
<+szubaark> low Volatility games

Covered all Short ES at 934.25 --> - 4.5 «« paper »» 11:19

geez
<+trader0101>  buy limit to enter long ES @ 935.00 «« testing »»
<+silo>  Covered Remainder YM Short @ 9037 --> - 1
<+szubaark>  Buys ES @ 934 «« paper »»
<+trader0101>  cancelled all open limit orders «« testing »»
<+AustinJM> wow, there is literally no activity11:24
NQ is dead, Bond markets are dead, Russel is dead
<+szubaark> perfect conditions for a creeper LOL11:25

exit stop set ES @ 934.25 «« paper »» 11:26
<@NihabaAshi>  Long ES @ 937.00 -> small size 11:27
2 only
<+szubaark>  exit stop set ES @ 934.75 «« paper »» 11:29
<+trader0101> you got nerves Niha
<@NihabaAshi> Just trade with a very small portion of your account and it'll be easy to have nerves to.11:31
<+trader0101> that rampage will screw my head without even contemplating account11:32
<+szubaark>  Exited all Long ES at 934.75 --> + 0.75 «« paper »»

Shorts ES @ 934.75 «« paper »»
<@X>  #FuturesTrades Info -> Some members (including me) explain basic details about their trades posted in #FuturesTrades @ http://thestrategylab.com/forum/index.ph p?board=58.0 and there's a link there to take you to #FuturesTrades archived logs if you're interested in reviewing past trades or market commentary posted in #FuturesTrades.11:34
<+szubaark>  Covered all Short ES at 937.50 --> - 2.75 «« paper »»

Buys ES @ 938 «« paper »»
<@NihabaAshi> Pin Ball Machine price action11:35
Exited all ES Long @ 937.75 --> + 0.75 11:36
Shorts ES @ 938.00 -> small size 11:40
<+szubaark> around 3pt Wiggle room up and down
<@NihabaAshi> 2 only
<+szubaark>  Exited all Long ES at 936 --> - 2 «« paper »» 11:41

Shorts ES @ 936 «« paper »»
<@NihabaAshi>  Covered all ES Short @ 935.75 --> + 2.25
<+szubaark>  Covered all Short ES at 938.50 --> - 2.5 «« paper »» 11:48

Buys ES @ 939.25 «« paper »» 11:52

Each Support level gets retested 10+ times LOL11:54
<+silo>  Shorts YM @ 9080 12:02
2
<+szubaark>  Exited all Long ES at 939.25 --> 0 «« paper »»

Shorts ES @ 937.50 «« paper »» 12:04
<+silo> hopefully this would be the pre announcement selloff12:10
<@NihabaAshi>  Shorts ES @ 936.50 -> small size 12:12

2 only12:13

Covered all ES Short @ 737.50 --> + 199

ooops

Covered all ES Short @ 937.50 --> - 1 12:14

Shorts ES @ 937.50 -> small size 12:15

2 only12:16

Covered all ES Short @ 937.25 --> + 0.25 12:18
<+szubaark>  Covered all Short ES at 937.75 --> - 0.25 «« paper »»
its Dead out there
<@NihabaAshi>  Long ES @ 938.00 -> small size 12:19

3 only
<+silo>  Covered all YM Short @ 9052 --> + 28
<@NihabaAshi>  Exited all ES Long @ 940.25 --> + 2.25 12:21
<+silo>  anyone here uses stockcharts?12:24
<+szubaark>  Buys ES @ 941.25 «« paper »»
<+T-stop> silo, sometimes, but free version only12:25
* +rickf paid for a month this summer, useful site
<+silo>  Shorts YM @ 9082
one only
<+AustinJM> calling tops eh?12:26
<+silo> no
this is not my top pick
<@NihabaAshi> Yeah...tops or bottoms are DEPENDENT upon the interval your looking at or DEPENDENT upon what type of chart your looking at (e.g. regular or all session).12:28

Simply, what someone sees at a top or bottom may just be a lower high or higher low to someone else.12:29
<+silo>  Covered YM Short @ 9104 --> - 22
Reverse and Enter Long YM @ 9104
one only
<@NihabaAshi> Reason why if someone ask me..."why are you buying the top".12:30
<+szubaark> silo, u look at regular session or Overnight+Regular combined?
<@NihabaAshi> I will say it's not a top on my chart :)
<+silo> and what i said. it's not a top pick
<palmer> looks like we want globex highs niha?
<+szubaark> Volatility picking up
<@NihabaAshi>  Long ES @ 946.50 -> small size

2 only
<+silo> 9180 is my top... around there12:31
<@NihabaAshi> palmer that's like 952.25
<+palmer> yep
<@NihabaAshi> It'll need more volatility to get there
<+palmer> seem like they want to push it there12:32
<+silo>  Exited all YM Long @ 9146 --> + 42 12:34

9180 area... is my area of top

you will know when i pick it :)

man... sucks that i only have 1 contract for the bigger moves i caught :(
<@NihabaAshi> volatility declining
Exited all ES Long @ 948.50 --> + 2 12:35
silelined12:36
Will watch and learn until minutes after the FED rate announcement
<+rickf> to quote jim carey as the riddler in batoman - "now the real game begins...."12:37
<+palmer> here comes 952
<+szubaark> yup, now the whole world trying to get on this breakout
<+rickf> < sidelined as well
<+szubaark> lets see how far they can push it

runup to FOMC then Viscious Dump? LOL12:38
<+rickf> could be ... plus end of month window dressing concerns, perhaps a major dump afterwards in preparation of window-dressing? really too hard to tell12:39
<+silo>  Shorts YM @ 9147 12:40

sorry late post

one only

anyone use stockcharts by any chance?

have a question about how to contruct their charts12:41
<+rickf> like what silo .. been a while but might be able to help12:42
<+silo> http://headlinecharts.blog.com/

you see how this guy stack 2 charts together12:43

was wondering how i would go about doing that
<+rickf> hrmm12:44
might be a premium feature?
<+silo>  Covered all YM Short @ 9109 --> + 38 12:45

one only
<+rickf> if you run a performance chart (perfchart) it kinda does that on price but i don't see how you can stakc them like you're asking12:46
<+silo> ah i figured it out :)12:49

nevermind

Shorts YM @ 9124 12:54

one
<+szubaark>  Exited all Long ES at 946 --> + 4.75 «« paper »» 12:56
Shorts ES @ 945 «« paper »» 12:58
<+Nesi>  Shorts ES @ 944.00 «« paper »» 13:00
<@NihabaAshi>  Long ES @ 945.75 -> small size
3 only
Exited all ES Long @ 944.25 --> - 1.5 13:01
<+silo>  Shorts YM @ 9100 -> Add
<@NihabaAshi>  Shorts ES @ 943.50 -> small size 13:02
3 only
<+szubaark>  exit stop moved to breakeven ES @ 945 «« paper »» 13:03

still trying to catch a runner.. had a lot of trades picked up on Stops

Covered all Short ES at 945 --> 0 «« paper »» 13:04

:(((
<@NihabaAshi>  Covered all ES Short @ 945.00 --> - 1.5 13:05
Long ES @ 946.25 -> medium size 13:06
4 only
volatility slowly rising
If it declines again...I'm back to the sidelines
Exited all ES Long @ 943.50 --> - 2.75 13:09
<trader0101>  Shorts ES @ 943.00 «« paper »»
<+trader0101>  Covered all ES Short @ 944.50 --> - 1.5 «« paper »» 13:10
was enjoying the sidelines
<@NihabaAshi>  Long ES @ 945.00 -> medium size

4 only
<+rickf> pre-fomc is spectator-sport for me13:11
<+trader0101> count me in

sellers rushing in
<@NihabaAshi>  Exited all ES Long @ 943.75 --> - 1.25 13:14
volatility flalined...going nowhere for now :(
<pat255>  usually on fed it is safe to buy but dont know today..13:15
<+pat255> seen it so many times in the past ...& Niha & others played it well
<+szubaark>  Buys ES @ 945 «« paper »»
<+rickf> this market just trashes the "rulebook" -- especially in the pm session
<+pat255> y
<+silo>  Covered all YM Short @ 9112 --> 0
<+rickf> i'd rather sit out and let the pros play - niha and others who are far more experienced than i13:16
<+szubaark> candles looking like dojis now
<+AustinJM> i've never seen a predictable trade after 3:30
<+rickf> only prediction after 330 is "volatility"13:17
<+pat255> they have been doing it lately last hr13:18
<+szubaark>  Exited all Long ES at 943 --> - 2 «« paper »»
Shorts ES @ 943 «« paper »»
lets see if they go down
<+pat255> N any thots on today fed time?13:19
<+rickf> bloomberg says 1% target13:20
<+pat255> consuler tapped out ...uneployment higher noe ...recesssion worldwide ...13:21

how the rate cuts going to help ..13:22

bernake has played this card so many times ...& has not succeded so far
<@NihabaAshi>  Shorts ES @ 943.00 -> medium size
* +rickf shows the public "something" is "being done"
<@NihabaAshi> 4 only
<+szubaark>  Covered all Short ES at 944.25 --> - 1.25 «« paper »» 13:23

Buys ES @ 944.25 «« paper »»

last trade..this is getting tiresome13:24
<@NihabaAshi>  Covered all ES Short @ 944.75 --> - 1.75
<+rickf> nice szu13:27
<+szubaark> yea we'll see.. could turn around just as quick13:28
<+rickf> might get a few pts here
<@NihabaAshi> volatility still declining
It needs to spike or give a an attempt at one to get me Long13:29
<+szubaark> there it is..probobly will give no entry now for Longs LOL13:33
<@NihabaAshi>  Long ES @ 949.25 -> medium size 13:34
4 only
<+AustinJM> it will be interesting to see how the FDAX reacts to the FOMC13:38
<+rickf> i tend to ignore the dax after 1130 ET
but in the morning it's very helpful as a leading indicator
<@NihabaAshi>  Exited all ES Long @ 953.50 --> + 4.25 13:39
<@X>  #FuturesTrades Info ->  Some members (including me) explain basic details about their trades posted in #FuturesTrades @ http://thestrategylab.com/forum/index.ph p?board=58.0 and there's a link there to take you to #FuturesTrades archived logs if you're interested in reviewing past trades or market commentary posted in #FuturesTrades.13:40
<+Nesi>  Shorts ES @ 952.00 -> Add «« paper »»
<@NihabaAshi> volatility declining again :(13:41
<+trader0101>  Shorts ES @ 951.75 «« paper »»
<+rickf> szu u still long?
<+szubaark> yes
<+rickf> k13:42
<@NihabaAshi> Usually have some good price action between 1:15pm - 2pm est on normal volatility

However, not the case today...it's been LOOOOWWW

Something is going on.

Back to the sidelines
<+trader0101>  Covered all ES Short @ 950.75 --> + 1 «« paper »» 13:43
<+szubaark> moving Stop to breakeven

exit stop moved to breakeven ES @ 944.25 «« paper »»

usually they do a Huge Spike on announcment to get Stops, so most likely my Stop will get picked QUICKLY LOL13:44

930 spike on death posibility13:45
<@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>  Long ES @ 952.25 -> small size 13:46
3 only
Exited all ES Long @ 952.50 --> + 0.25 13:48
<+szubaark>  exit stop set ES @ 949.50 «« paper »»
<@NihabaAshi>  Long ES @ 951.75 -> small size 13:51
2 only
<+szubaark>  exit stop set ES @ 950 «« paper »» 13:55
<@NihabaAshi>  Exited all ES Long @ 953.75 --> + 2
<MK>  Exited all ES Long @ 908.25 --> + 21 «« paper »»
<+MK> late post from yesterday's close
<+rickf> hi of day at 95513:56
<+MK>  Shorts ES @ 951 «« paper »» 13:57
<+silo>  Shorts YM @ 9152

one
<+szubaark>  Exited all Long ES at 950.50 --> + 6.25 «« paper »»
<+rickf> wtg13:58
<+silo>  Shorts YM @ 9135 -> Add
<+szubaark> thnx
<+palmer> nice one silo14:06
<+silo>  Covered all YM Short @ 9080 --> + 127
<+rickf> nice silo, mk
<+silo> will take a picture of this one :)
<+rickf> lol14:07
<+silo> and title it: what happens last minute before an uptrending fomc day

:)
<@NihabaAshi> weak support here for ES14:09
<+rickf> 5 minutes to FOMC14:10

remember they've announced early in the past

"so beware"
<+silo> and this is a rate cut that serves no purpose14:11
:)
whether or not we have this rate cut doesn't really affect the market whatsoever ... that's what they're saying on cnbc
<+rickf> prolly right
<@NihabaAshi> correct...same said on Bloomberg too
Suppose to be something more "psychological"14:12
:)
Regardless...these are times to be REDUCING DEBTS.
<+rickf> here we go14:13
<+pat255> boosh cud not care less about debt
<+silo> price going crazy now

lol
<@NihabaAshi>  Long ES @ 948.50 -> small size 14:14
2 only
<+silo>  Shorts YM @ 9124 14:15

one only
<+rickf> they're late
<Kalle> very weird, usually they're early14:17
<+rickf> 1/2 pt cut14:18
<+werner> yep tx
<+silo> whoaaa !!!!
<@NihabaAshi>  Exited all ES Long @ 945.00 --> - 3.5
<+MK>  Covered all ES Short @ 941.25 --> + 9.75 «« paper »»
<+pdays> 50 point cut
<@NihabaAshi> smashed below the weak support14:19
<+silo> wtf

Covered all YM Short @ 9160 --> - 36
<@NihabaAshi> doesn't look to hold
<+szubaark> LOL
<+silo> i thought it didn't get picked
when did price jump up to hit my stop?
wtf
i thought i caught this biiiig move
insane
<+rickf> unanimous vote
<@NihabaAshi>  Long ES @ 944.00 -> small size
3 only
<+rickf> http://federalreserve.gov/newsevents/pre ss/monetary/20081029a.htm14:20
<+szubaark> this is nuts..just watching this "Nasty Volatility"
<+silo> ts freezing
<@NihabaAshi>  Exited all ES Long @ 947.00 --> + 3 14:21
<+werner> not here silo14:22
<@NihabaAshi> With the high volatility we've seen th past 2 months...
<+silo> man i can't believe my short was picked?

weird
<@NihabaAshi> A FOMC volatility is normal :)
<+silo> i saw ym went down to 9090

i was like... YES !

lol
<+szubaark> did YM hit 9160?14:23
<+silo> yeah

apparently it did

dont know how

but it did

in less than a second lol
<+szubaark> lol14:24
<@NihabaAshi> Dropped below another support area14:25
<AustinJM> That jolted some life back into it
<@NihabaAshi>  Long ES @ 937.50 -> small size 14:27

3 only
<+rickf> geez gold down 46 to 70614:28
<@NihabaAshi>  Exited all ES Long @ 937.75 --> + 0.25 14:29
<+Nesi>  Covered 1/2 ES Short @ 929.00 --> + 23 «« paper »» 14:33
<@NihabaAshi> weak support area
<+Nesi>  Covered all ES Short @ 927.00 --> + 17 «« paper »» 14:34
Long ES @ 928.00 «« paper »» 14:35
Long ES @ 930.00 -> Add «« paper »»
<@NihabaAshi>  Long ES @ 934.00 -> small size 14:37

3 only
<+silo>  Shorts YM @ 9017 14:39
1
only
Covered all YM Short @ 9047 --> - 30 14:40
<@NihabaAshi>  Exited all ES Long @ 939.25 --> + 5.25
<+silo>  Shorts YM @ 9046 14:41
one only
<+AustinJM> wow what just happened?
<+szubaark> FOMC14:42
<+AustinJM> i mean like in the last 2 seconds
<+silo>  Covered all YM Short @ 9165 --> - 119
<+AustinJM> my platform froze for a split second and there's a 70 pt bar
<+silo> oops
wrong number
out 9065
<+Nesi>  Exited all ES Long @ 943.00 --> + 28 «« paper »» 14:43
<@NihabaAshi>  Long ES @ 742.75 -> medium size 14:44
4 only
<+Nesi> 942.75 Niha
<+silo>  Shorts YM @ 9061
2
<+szubaark>  Shorts ES @ 941 «« paper »» 14:45
<+Nesi>  Shorts ES @ 941.00 «« paper »»
<@NihabaAshi> ooops
<+Nesi> :)
<@NihabaAshi>  Long ES @ 942.75 -> medium size
<+Nesi>  Shorts ES @ 939.00 -> Add «« paper »»
<+szubaark>  exit stop set ES @ 945 «« paper »»
<@NihabaAshi> Missing that 940 entry starting to hunt me14:46
<+palmer> ss 941
<+Nesi>  Covered all ES Short @ 943.50 --> - 7 «« paper »» 14:47
<+szubaark>  Covered all Short ES at 945 --> - 4 «« paper »»
<@NihabaAshi>  Exited all ES Long @ 945.00 --> + 2.25
<+Nesi>  Long ES @ 944.25 «« paper »»

Long ES @ 943.00 -> Add «« paper »» 14:48
<+szubaark>  Shorts ES @ 944.25 «« paper »» 14:50
<@NihabaAshi> I think this is as good as it's going to get
<+Nesi>  Exited all ES Long @ 942.50 --> - 2.25 «« paper »» 14:51
<@NihabaAshi> ES not too far away from it's Open
<+palmer> u mean on the upside niha?
<@NihabaAshi> No
<+AustinJM> Short YM @ 9102 covered @ 9084
first live trade of the day :)
<@NihabaAshi> Meant as in opportunities for trading
<+palmer> oh ok14:52
<@NihabaAshi> Don't want to sit here watching paint dry

If this thing puts in a strong directional price movement...14:53

I'm gonna miss it like yesterday's late movement.

I'm done for the day.

Gonna go outside and finish the preparation of the landscape for the winter...

Got our first winter storm today.14:54

Take care all and see all tomorrow
<+werner> wow
<+rickf> cya
* NihabaAshi is now known as NihabaAshi_away
<+werner> cya
<+szubaark>  Covered all Short ES at 936 --> + 8.25 «« paper »» 14:55
i needed that
silo, u ever got out of your Short?
[14:44] <silo> Shorts YM @ 9061
<+silo> of course14:57

you didn't see it?

oh oops

lol

i forgot to post

my bad
<+szubaark> i must be Blind
<+silo> long from 9056

2
<+pat255> vn guys ..lost a little in this mayhem15:02
<+szubaark> pat u on paper or real?15:03
<+silo> out 902515:04
<+pat255> szu ..real15:05
<+szubaark> :)
<+pat255> paper trading is not good for me ..
<+szubaark> pat see pm
<+silo> down day today15:07

i'm done for the day

later guys

last trade15:09

short 9068
<+szubaark>  Shorts ES @ 938 «« paper »» 15:10
exit stop set ES @ 942 «« paper »» 15:13
Covered all Short ES at 942 --> - 4 «« paper »» 15:14
Buys ES @ 941.50 «« paper »»
GO!!!!
<+silo>  Covered all YM Short @ 9100 --> - 39

k done15:15

:)

later guys
<+szubaark>  exit stop set ES @ 945.50 «« paper »» 15:16
<codehead> 9371 is 1.618 of YM day range--fib-wise, would be a scalp short there15:22
<+codehead> YM broke the 10/20 120-min chart top by 10 ticks before pulling back15:29
got cold feet shorting it when it zipped thru without much trouble15:30
but was quickly a godo selling point
<tomis170> hi15:31
<+szubaark>  Exited all Long ES at 963.50 --> + 22 «« paper »»
my first Profitible FOMC day.15:32
<+codehead> nice15:35

boy, i blew it by gettign cold feet--Ym only broke that resistance level by 10 ticks, but it keped me from clicking the order15:36
<+szubaark> took some Stops but 2 big runners made up for it
and had enough discipline not to move any Stops
<+Nesi>  Shorts ES @ 957.00 «« paper »» 15:37
<+MK>  Shorts ES @ 962.25 «« paper »» 15:42
<+Nesi>  Shorts ES @ 961.00 -> Add «« paper »»
<+codehead> this bounce exactly .618 fib retracement15:43
9275 is .618
<@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> .15:46
<+Nesi>  Exited ES Long @ 964.00 --> + 7 «« paper »»

Reverse and Enter Short ES @ 964.00 «« paper »»

Covered all ES Short @ 967.00 --> - 9 «« paper »» 15:47

geeezz15:54
<+MK>  Covered all ES Short @ 943.25 --> + 19 «« paper »»
so what's the news if any w this fall?15:59
<+palmer> GE saing same profit for 2009 as 200816:00

with declining revenue
<+rickf> oh goodie a buying opportnity for ge16:01
darn think yielding 7 pct
<+werner> gn all16:03
<+rickf> ok guys see you tomorrow - good trading all16:08
<@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 22:46:22 2008

21:58
  
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)   

   

 

Current Performance Record of M.A. Perry

  

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Today

Month

Year

Emini ES points

+89.75

+1973.25

+2912.00

 U.S. Dollars

$4,487.50

$98,662.50

$145,600.00

 

 

 

 

Emini ER2 points

+0.00

+0.00

+2484.70

 U.S. Dollars

$0

$0

$248,470.00

 

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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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