#FuturesTrades November 5th 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.
	Obama defeats McCain - U.S.A. President Elect Barack Obama
<@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 Nov 05 09:25:57 2008Session Ident: #futurestrades
* Now	talking in #futurestrades	09:25
<@X>	[NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<drt>	gm all	09:30
<@NihabaAshi>	TF spilling its beans	09:33
<trader0101>	Shorts ES @ 986.75	09:35
<palmer>	long 987
<+trader0101>	Covered all ES Short @ 988.25 --> - 1.5	09:36
	Long ES @ 989	09:39
<+palmer>	out es +2.5
<PapaJon>	seem like the mkt is saying "hmmmmm?" re: the election results.... lots of indecision	09:40
<silo>	morning	09:41
<+trader0101>	Exited all ES Long @ 987.5 --> - 1.5
	Shorts ES @ 986	09:43
	Covered all ES Short @ 987.5 --> - 1.5	09:44
	Shorts ES @ 988	09:51
<+palmer>	shorting 990 on es
<+trader0101>	Covered all ES Short @ 988 --> 0	09:53
	Long ES @ 989	09:54
<+palmer>	short 989	09:55
<+trader0101>	Exited all ES Long @ 987.5 --> - 1.5
	election hangover
<+palmer>	cover es+2.5	09:56
<szubaark>	Buys ES @ 987 «« paper »»	09:57
<+szubaark>	Exited all Long ES at 987 --> 0 «« paper »»	09:58
	Buys ES @ 989.25 «« paper »»	10:01
<@NihabaAshi>	Long ES @ 990.25 -> small size	10:02
	3 only
<+szubaark>	Exited all Long ES at 989.50 --> + 0.25 «« paper »»	10:03
	Buys ES @ 991.50 «« paper »»
<@NihabaAshi>	Exited all ES Long @ 992.25 --> + 2	10:05
<+trader0101>	Long ES @ 991	10:08
<+palmer>	short 993	10:09
<+trader0101>	Exited all ES Long @ 994 --> + 3
<+palmer>	cover es +1.5	10:11
<+trader0101>	Long ES @ 992	10:12
<+szubaark>	Exited all Long ES at 991.25 --> - 0.25 «« paper »»	10:13
	:((
	keep getting shaken out due to this Jumpy action
<+trader0101>	Exited all ES Long @ 993 --> + 1	10:14
<@NihabaAshi>	Long ES @ 992.25 -> small size	10:15
	3 only
	Exited all ES Long @ 993.50 --> + 1.25	10:16
<+palmer>	like a scalp mode so far niha?	10:17
<+szubaark>	Shorts ES @ 992 «« paper »»
<+palmer>	tight range
<+trader0101>	Shorts ES @ 992
<+szubaark>	im trying to get more then a few Ticks LOL
<+trader0101>	Covered all ES Short @ 993.5 --> - 1.5	10:18
<+szubaark>	geezzzz
	Covered all Short ES at 995 --> - 3 «« paper »»
<+trader0101>	Long ES @ 994.75
<+szubaark>	Shorts ES @ 994.75 «« paper »»	10:19
	:((((	10:20
	exit stop set ES @ 998.75 «« paper »»	10:22
<+trader0101>	Exited all ES Long @ 996.25 --> + 1.5
	Shorts ES @ 996	10:24
	Covered all ES Short @ 995.75 --> + 0.25	10:26
	Long ES @ 995.5	10:27
<+szubaark>	exit stop set ES @ 998 «« paper »»	10:29
	Covered all Short ES at 998 --> - 3.25 «« paper »»	10:30
	:(
<+trader0101>	Exited all ES Long @ 998 --> + 2.5
	Shorts ES @ 998.25	10:32
	Covered all ES Short @ 997.25 --> + 1	10:33
<+szubaark>	Shorts ES @ 997.50 «« paper »»	10:34
<+trader0101>	Long ES @ 998.5
	Exited all ES Long @ 997 --> - 1.5	10:35
	Long ES @ 996	10:36
<climber>	Long YM @ 9501 «« testing »»
<+trader0101>	Exited all ES Long @ 998 --> + 2	10:38
<+climber>	Exited 1/2 YM Long @ 9516 --> + 15 «« testing »»
	Exited 1/2 YM Long @ 9501 --> 0 «« testing »»	10:39
<+szubaark>	Covered all Short ES at 997 --> + 0.5 «« paper »»	10:44
	geezz
	Shorts ES @ 994.50 «« paper »»	10:46
<+trader0101>	Long ES @ 994.75
	Exited all ES Long @ 996.75 --> + 2	10:47
	Long ES @ 998	10:48
	Exited all ES Long @ 996.5 --> - 1.5	10:49
<+szubaark>	Covered all Short ES at 999 --> - 4.5 «« paper »»	10:50
	:(((
	Buys ES @ 999 «« paper »»
	Go!!!!!
	getting dizzy watching this crap	10:51
<+silo>	we dropping szu
	:)
<+szubaark>	Exited all Long ES at 996 --> - 3 «« paper »»	10:52
	Shorts ES @ 996 «« paper »»
	TANK!!!!!
<+trader0101>	Long ES @ 994.75	10:53
<Bambam-77>	1001 to 93 pos trgt area	10:55
<+trader0101>	Exited all ES Long @ 993.75 --> - 1	10:56
<+szubaark>	NQ not looking so Hot right now
* Tintin	: hi all	10:57
<+Bambam-77>	b 93 92 stp
	ss 92.5	10:59
<+szubaark>	Volatility increasing
<estrader1>	ym 9480 taking long when gets there	11:00
<+Bambam-77>	flat
<+estrader1>	out 1/2 85	11:01
<@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.
<+estrader1>	more off 9490	11:02
<+Bambam-77>	ss 94.75
<+estrader1>	out rest 9480 b/e	11:04
<+Bambam-77>	93 for 985
	t1 away 93	11:05
<+estrader1>	9482 will go long ym
<@NihabaAshi>	Shorts ES @ 993.25 -> medium size
	4 only
<+Bambam-77>	93 is key need to start closing below
<+szubaark>	Covered all Short ES at 994.25 --> + 1.75 «« paper »»	11:07
<+estrader1>	9490 1/2 out
	b/e on rest
<+Bambam-77>	ss still in tact barely
<+szubaark>	Shorts ES @ 993 «« paper »»	11:08
<+Bambam-77>	would fell better below 93 if we cont to trade above i would change byass to long protect	11:09
	first confirm # for ss is 91
<@NihabaAshi>	Covered all ES Short @ 992.50 --> + 0.75	11:10
<+Bambam-77>	slow grind
<@NihabaAshi>	Be back later...going to go get some rest...spend most of the night watching the U.S. Elections...currently got zombie eyes.
<+estrader1>	will short ym 9466	11:11
* NihabaAshi	is now known as NihabaAshi_away
<+estrader1>	in stop 76
	stop out	11:12
<+Bambam-77>	for swingers 95 area max ss stp
<+silo>	i'm spending my time researching stocks
<+trader0101>	Shorts ES @ 994	11:13
	Covered all ES Short @ 993.75 --> + 0.25	11:15
<+Bambam-77>	we in contraction	11:16
	95 x 91
	expecting trend to cond down as long as we below 95
<+estrader1>	looks down,es has to stay below 92 imho	11:17
<+szubaark>	Covered all Short ES at 993.25 --> - 0.25 «« paper »»	11:20
	Buys ES @ 993 «« paper »»	11:21
<futurible>	GoodMood, are you here?	11:23
<+szubaark>	Exited all Long ES at 989 --> - 4 «« paper »»	11:25
	Shorts ES @ 989 «« paper »»
	TANK!!!!!
<+Bambam-77>	93 to 85 on dec	11:35
<+szubaark>	Covered all Short ES at 986 --> + 3 «« paper »»	11:38
<+Bambam-77>	lets see if we can tag the 85 in the next 19 min	11:40
	if i am reading this right we should bounce of this area if the noon candle stays above 86.5	11:41
	and we should trade back up to 993
	85 first now come on protect positions use protective trail stps	11:43
	btw is we clear 85 quickly look for lower pos trgt 977	11:44
<+szubaark>	Buys ES @ 987.25 «« paper »»
<+Bambam-77>	15 min left
	to tag the 85	11:45
<+szubaark>	should bounce from here..	11:46
<+trader0101>	Long ES @ 984.75	11:52
<+estrader1>	short es 95	11:57
<+trader0101>	Exited all ES Long @ 985.00 --> + 0.25
<+estrader1>	1/2 out 93.5	11:58
<+trader0101>	Long ES @ 984	11:59
<+estrader1>	out rest b/e
<+trader0101>	Exited all ES Long @ 986 --> + 2	12:00
<+estrader1>	short 84.25 es	12:07
	2 ts sop	12:10
	pts
<+Bambam-77>	81 is our pivot number and confirm to trgt 977
<+szubaark>	needs to retrace first	12:11
<+estrader1>	1/2 out 83
<+Bambam-77>	protect swing ss
	82.5 is open range support	12:12
	area
	81 come on	12:13
<+estrader1>	come on
<+szubaark>	this thing is in a Coma
<+Bambam-77>	81 will get us to trgt 77	12:15
<+estrader1>	more off 90.25 +3
	die you pig
<+szubaark>	piggy needs to bounce soon	12:16
	surprised it dropped this much
<+estrader1>	hope after 977...but hope made my hair fall out
<+palmer>	buy 978	12:17
<+Bambam-77>	973 by 14:15 hrs pos
<+szubaark>	yea my Long not looking good right now LOL
<+estrader1>	all out 78.25 +5
<+palmer>	out es +2	12:19
* codehead_afk	is now known as codehead	12:24
<+Bambam-77>	77 on dec below 79	12:27
<+szubaark>	so much for the Obama rally
<@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_away	is now known as NihabaAshi
<+Bambam-77>	77 for 969 would be next	12:28
<@NihabaAshi>	Shorts ES @ 976.25 -> small size
	3 only	12:29
	doing a little chasing here
<+Bambam-77>	973 might give us a bounce protect
<@NihabaAshi>	Covered all ES Short @ 975.75 --> + 0.5	12:30
<+silo>	getting ready to pick
<+szubaark>	any reason for this sell-off?
<+estrader1>	OBAMA
	J/K
	:)	12:31
<@NihabaAshi>	Wall Street thinks the game is over :)
<+silo>	Long YM @ 9342
<+estrader1>	yes
<+silo>	2
<+szubaark>	we've been going up for 4+ days, why Stop now when im Long the farm? LOL
<+Bambam-77>	last lot left for trgt 73 or stp 79.25
	for net 20 on last lot	12:32
<+estrader1>	long 76.5
	es	12:33
<+Bambam-77>	addg ss 77 same stp
<+estrader1>	out 76 -.5 not giving back much	12:35
<+szubaark>	weird Price Action last few days, feel like im step behind on evey trade	12:37
<codehead>	long YM 9306 <paper>	12:38
<+codehead>	trying a wave target
<+szubaark>	25+ non stop merceless drop on ES with no pullbacks to get in LOL	12:39
<+codehead>	exit YM +10 <paper>
<+estrader1>	77 Sshort entry great bam momo down and 77 key #
<+szubaark>	only way to get on this downfall is to Short, as its all orchestrated in a sneaky,scumbag way
	Short=chase	12:40
<+Bambam-77>	969 on dec
	sa sweet	12:41
	69 for 77 in play pos	12:56
<+codehead>	*if* we get a decent bounce, and lod is in, YM 9400 is .500 retracement, and a geometric target	13:02
	therefore would be a good short
	9337 is shorter term wave target
<@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.	13:04
<@NihabaAshi>	Shorts ES @ 973.50 -> small size	13:05
	3 only
<+Bambam-77>	ss 73.5	13:06
<@NihabaAshi>	:(
<+Bambam-77>	add
<@NihabaAshi>	Covered all ES Short @ 971.50 --> + 2
	Be back later, got some family distractions here.	13:07
* NihabaAshi	is now known as NihabaAshi_away
<+Bambam-77>	looking for the retest to 69 area
	being carefull need 71 to fail	13:08
	flat
	69 to 77 playing out	13:09
	77 come on	13:20
	protect long scalps
	b 69	13:35
	68 stp
	67 max stp	13:37
	pos dbl btm	13:38
	was play
<+codehead>	update: 9398 is now .500 and the wave target exactly, as well as the early low on YM, so if it gets there, it's short	13:47
	*if* we don't get new lod
<szubaark>	lots of juicy Stops above us	13:48
<+szubaark>	dont see them taking this any lower before that
	but then i called bottom at 985 today LOOOL	13:50
<+silo>	long 9322	13:53
	2
<+szubaark>	reak
	real or paper?
<+silo>	paper	13:55
	out 9295
<+szubaark>	dont u hate that when u get in and price doesnt move for 2-3 minutes, just sits there playing tricks on you?
	do i get out or do i hold? LOL
<+Bambam-77>	pos pivot in 3 min on the 1/2 hr	13:57
	69 key
<+szubaark>	time to tease at the intraday low for a while
<+Bambam-77>	long above ss below
	b 70	13:58
	68.25 stp
	bot some more 71.25	14:01
<+szubaark>	no pullback until 3:01pm today?
<+Bambam-77>	now fly robbin fly protect
<+szubaark>	more teasing first	14:03
<+Bambam-77>	lets grind more like it	14:04
	ok thats it 69 for 61	14:05
	no more long scalps
<+silo>	short sell 9263
	2
<+szubaark>	looks way OVERSOLD.. any bounce could be Viscious	14:06
<+codehead>	120 min YM shows a nice downside target at 9000
	really about 8990
<+Bambam-77>	watching 65 lvl	14:08
	64.25 is 2.5x ib	14:09
<+silo>	out 9287	14:13
<ItalianSharp>	anyone using tradestation having problems with the matrix???	14:14
<+silo>	short 9273 1	14:17
	add 9268
<+ItalianSharp>	this price action is really jumpy now	14:18
	my matrix cant keep up with prices
	someone has been buying off these loww preventing YM ES from falling hard	14:19
	we should get a rebound soon if we dont drop shortly
	it'll be a nice rebound, violent one if we get it
<+codehead>	long 9264 <paper>	14:27
	YM
	early entry on 3 min ghost pattern	14:28
	exit YM +25 half <paper>	14:30
	stop on remainder b/e <paper>	14:31
	exit remsinder YM +20 <paper>
	still in a downtrend, realized b/e stops not prudent till we have uptrend, then it would be time to look for new trade	14:32
	woud have worked tho ;-)	14:33
	hit wave target i was looking for anyway, 9303
	szu--that was a good ghost--went all the way to + extremes	14:36
	66 points for bar-close entry to top	14:37
<@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.	15:07
<+szubaark>	Exited all Long ES at 967.25 --> - 20 «« paper »»	15:12
	Shorts ES @ 967.25 «« paper »»
* fseitun	is now known as ItalianSharp
<@NihabaAshi_away>	Shorts ES @ 967.75 -> small size	15:14
	3 only
* NihabaAshi_away	is now known as NihabaAshi
<+szubaark>	i coudnt read this downtrend until now, paid price for it	15:15
<+Bambam-77>	69 for 61 on dec as posted	15:16
<+szubaark>	last 4 days we would have been making new highs, but TODAY they flipped the script
<+Bambam-77>	14:04 hrs
<@NihabaAshi>	My last trade...another big chasing my signals due to being distracted.
	Calling it a day after I close this trade.	15:17
<+szubaark>	im being distracted by this Sneaky Price Action LOL
<@NihabaAshi>	Covered all ES Short @ 965.75 --> + 2
<+Bambam-77>	just 3 more points come on
<+szubaark>	i see selling until end of day now	15:18
	No Mercy for Longs today
<+Bambam-77>	done to trgt	15:24
	goal met we are done for day
	next pos lvl is 61 for 54
<+szubaark>	they gonna start pulling the rug now	15:25
	silo, you not bottom picking today?	15:28
<+silo>	i'm not even trading much today
<+codehead>	this is sclap long area for YM	15:29
	9182-9190
<+szubaark>	they clipping any buyers that step in at these level, lots of blood spilling today	15:32
<@X>	#FuturesTrades Info ->  No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended without their permission. More info at http://www.thestrategylab.com/FuturesTradesChatRoom.htm
<+Bambam-77>	54 on dec	15:39
	saa sweet
	next pos gann trgt is 54 for 46
<+szubaark>	Covered all Short ES at 961.75 --> + 5.5 «« paper »»	15:50
	Ttoo tough
	these frikin Gaps throwing me off	15:54
	Shorts ES @ 952 «« paper »»	15:55
<+Bambam-77>	sweet 46 on dec	15:57
	2x goal now
<+szubaark>	Covered all Short ES at 953.75 --> - 1.75 «« paper »»	16:10
	geez.. what a day..extremely difficult Price Action, no pullbacks to get in on trend LOL
<werner>	gn all	16:13
<+szubaark>	Ill need to re-group again, took some serious Losses last 3 days, this election Price Action throwing me a major curve	16:14
* +Tintin	: bye all	16:21
<+climber>	gn all	16:23
<@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.	17:14
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

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