#FuturesTrades November 6th Thursday 2008 Trade Log

Trade Posting Chat Log Info: My name is M.A. Perry (a.k.a. online as NihabaAshi - martial arts & Japanese Candlestick term) and I am the moderator of #FuturesTrades.

Simply, my job is to keep the peace and ensure #FuturesTrades is a useful community of traders from around the world that have gather in a virtual trading office.

In addition, I personally use the below chat log as feedback for critical trading information that's not available when I review my broker statements nor any statistical analysis of my trading.  To maintain the usefulness of the below chat log, all of my trades were posted in real-time within 5 seconds after entry or exit unless otherwise noted in the log. 

  To read behind the scenes details about my trades posted below such as explanation of position size, stop management, chart interval choice et cetera...click here.

Further, although I'm not familiar with the trade methods used by most members of #FuturesTrades, I use a rule based methodology (very objective) that involves price action only trading (no indicators). However, some of my trades are intuition via market experience in combo with many concepts from my rule based methodology.

  My own current performance record and broker profit/loss statement is posted at the bottom of today's log.

With that said, today's trade posting chat log is below and it contains trades posted in real-time by #FuturesTrades members including all of my own trades that were posted in real-time. 

Last of all, if you want the instructions for gaining access to our free #FuturesTrades chat room...click here.

	#FuturesTrades purpose, benefits and access info for day traders, swing traders and position traders...click here.
Time Zone Info	Chat Log below is eastern standard time (est.) - New York City, U.S.A and/or Montréal, Canada time zone.
<@X>	#FuturesTrades Info ->  No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended without their permission. More info at http://www.thestrategylab.com/FuturesTradesChatRoom.htm
	Session Start: Thu Nov 06 09:28:24 2008Session Ident: #FuturesTrades
* Now	talking in #FuturesTrades	09:28
<@X>	[NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<drt>	gm everyone	09:29
<pat255>	gm all Niha	09:30
<@NihabaAshi>	Good morning all
<T-stop>	gm
<climber>	gm all	09:31
<LumenPharmer>	gm
<ripsboy>	gm all...
<TraderG>	good morning every 1	09:32
<trader0101>	Long ES @ 943	09:33
<+trader0101>	Exited 1/2 ES Long @ 945 --> + 2
	Exited Remainder ES Long @ 944.75 --> + 1.75	09:34
	Shorts ES @ 948.25	09:40
<ItalianSharp>	morning all
<+trader0101>	Covered all ES Short @ 949.5 --> - 1.25
<@NihabaAshi>	Shorts ES @ 949.75 -> medium size
<PapaJon>	gm all
<@NihabaAshi>	5 only
	Covered ES Short @ 946.50 --> + 3.25	09:43
	Holding 1 remainder
<+T-stop>	vn
<@NihabaAshi>	Covered Remainder ES Short @ 948.00 --> + 1.75	09:45
<+trader0101>	Shorts ES @ 948	09:46
	Covered 1/2 ES Short @ 946 --> + 2	09:48
<szubaark>	Shorts ES @ 945.25 «« 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.	09:50
<+szubaark>	Covered all Short ES at 940.75 --> + 4.5 «« paper »»
<+trader0101>	Covered all ES Short @ 941 --> + 7	09:51
<@NihabaAshi>	Shorts ES @ 937.50 -> small size	09:53
	3 only
	chasing my prior trade early exit
	Covered all ES Short @ 939.50 --> - 2	09:55
	Shorts ES @ 940.25 -> small size	09:58
	3 only
	still chasing the first trade early exit	09:59
	Covered all ES Short @ 933.25 --> + 7	10:02
<+climber>	Shorts YM @ 9010 «« paper »»	10:11
	Covered all YM Short @ 9035 --> - 25 «« paper »»	10:12
<+trader0101>	weird pa	10:15
	36-37 strong support zone
<@NihabaAshi>	Shorts ES @ 939.00 -> small size	10:20
	1 only
	Covered ES Short @ 937.75 --> + 1.25	10:21
<+szubaark>	Shorts ES @ 936 «« paper »»	10:26
* codehead_afk	is now known as codehead	10:30
<+szubaark>	tightening stop	10:31
	exit stop moved to breakeven ES @ 936 «« paper »»
	tightening stop	10:35
	exit stop set ES @ 933.50 «« paper »»
	tightening stop	10:44
	exit stop set ES @ 931.25 «« paper »»
	tightening stop	10:48
	exit stop set ES @ 930 «« paper »»
	tightening stop	10:53
	exit stop set ES @ 929.50 «« paper »»
* ItalianSharp	is now known as ItalianSharp_Away	10:56
<+szubaark>	Covered all Short ES at 928.50 --> + 7.5 «« paper »»	10:59
<+codehead>	YM 8792 is .500 (market bottom to high)	11:02
<Nesi>	Long ES @ 920.50 «« paper »»	11:29
<+codehead>	long 1c YM 8815 <paper>	11:35
	8792 is actual level i want to try, but that right around a wave targt, so trying small	11:36
	8811 was waqve target
<@NihabaAshi>	Shorts ES @ 921.25 -> small size	11:37
	2 only
	Covered all ES Short @ 919.25 --> + 2	11:39
<+codehead>	8897 is reasonable wave targt if bottom hold for now	11:44
	around 9k if it really bounces--around .382
	it got within 20 of .500 tho, and it really should test that level some 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.	11:56
<werner>	hi all	12:03
* Tintin	: hi all	12:05
<+codehead>	add 8792 <paper>	12:20
<rickf>	hi all	13:01
<MK>	Long ES @ 910.25 «« paper »»	13:05
<+MK>	Long ES @ 907.25 -> Add «« paper »»	13:07
	Long ES @ 905 -> Add «« paper »»	13:19
<@NihabaAshi>	Long ES @ 909.50 -> small size	13:28
	3 only
<+szubaark>	Buys ES @ 910 «« paper »»	13:29
	counter trend, risky trade
<@NihabaAshi>	Exited all ES Long @ 907.75 --> - 1.75	13:31
<+szubaark>	gin a give it some room, small Stop is asking for trouble
<@NihabaAshi>	Long ES @ 906.50 -> small size	13:33
	3 only	13:34
<+szubaark>	Exited all Long ES at 904.75 --> - 5.25 «« paper »»
	Shorts ES @ 904.75 «« paper »»
	thats what i get for trying to pick bottom LOL
<@NihabaAshi>	Exited all ES Long @ 904.75 --> - 1.75
	Long ES @ 905.75 -> large size	13:35
	9 only
<+szubaark>	exit stop set ES @ 909 «« paper »»
	909 Stop/Reverse	13:36
	a bottomless Pit	13:37
<+rickf>	only 900 more points to bottom
<+szubaark>	exit stop set ES @ 907.25 «« paper »»
	907.25 Stop/Reverse
<@NihabaAshi>	Exited all ES Long @ 905.50 --> - 0.25	13:38
	volatility rising FAST	13:39
<+szubaark>	hopefully I can catch a clean Red WRB as Exit	13:40
	no wicks and sticks on candle LOL
	exit stop set ES @ 904 «« paper »»	13:42
<@NihabaAshi>	Long ES @ 900.75 -> large size	13:43
	9 only
	very tight trail if it hits 902.00	13:44
<+szubaark>	exit stop set ES @ 903 «« paper »»
<+MK>	Long ES @ 901.25 -> Add «« paper »»	13:45
<+szubaark>	still trying to catch a Clean Red WRB :(
<@NihabaAshi>	trail removed to give it some breathing room
<+szubaark>	Covered all Short ES at 902.75 --> + 2 «« paper »»	13:46
	no more impulsive Longs, Ill wait for more confirmation, not reason to be a hero	13:47
<@NihabaAshi>	Exited all ES Long @ 901.50 --> + 0.75
	:(
	volatility declining	13:48
	Long ES @ 903.50 -> small size	13:49
	1 only
<+szubaark>	hhmmm, approaching 2pm
	Niha, "Intuition"?
<+codehead>	add YM 8665 <paper>
	8593 is .618 retracement YM	13:50
<@NihabaAshi>	Exited ES Long @ 905.00 --> + 1.5	13:55
<+szubaark>	Buys ES @ 905.75 «« paper »»
<@NihabaAshi>	Long ES @ 906.00 -> small size	13:56
	3 only
	volatility rising FAST
<+szubaark>	2pm.. LOL
<@NihabaAshi>	Exited all ES Long @ 908.00 --> + 2	13:58
<+szubaark>	wont get greedy on my Profit Target Counter trend
<@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.	13:59
<+szubaark>	exit stop moved to breakeven ES @ 905.75 «« paper »»
	exit stop set ES @ 907 «« paper »»	14:01
	Exited all Long ES at 911 --> + 5.25 «« paper »»
<+MK>	Exited all ES Long @ 910.25 --> + 9 «« paper »»
<+szubaark>	Perfectly times 2pm Pullback	14:02
<@NihabaAshi>	Long ES @ 914.50 -> small size	14:06
	3 only
	Exited all ES Long @ 913.75 --> - 0.75	14:09
<+codehead>	ugh, missed my paper exit while on potty break	14:13
	plan was to exit around 8790, just under the .500 failure
	it had 8785 in mind	14:14
<@NihabaAshi>	Shorts ES @ 910.00 -> small size	14:15
	3 only
<palmer>	long es 910	14:18
<+szubaark>	Shorts ES @ 910 «« paper »»
	:9	14:19
<+palmer>	out + 1.5	14:21
<@NihabaAshi>	Covered all ES Short @ 909.75 --> + 0.25	14:22
	FEAR exit :(
<+T-stop>	tough when you got a profit, then take heat	14:23
	for me anyway
<+szubaark>	Volatility declining	14:24
<+palmer>	long es 911
<+szubaark>	Covered all Short ES at 912.50 --> - 2.5 «« paper »»
<+palmer>	stop 908	14:25
<+ItalianSharp_Away>	buyers look weak right now
	more downside likely
<+szubaark>	Shorts ES @ 909.50 «« paper »»	14:26
	trying again
	Volatility increasing	14:27
<@NihabaAshi>	Shorts ES @ 907.50 -> small size
	3 only
	stops aren't being hit but its just pin ball machine price action...	14:31
	Tring to find its direction again
<+szubaark>	Covered all Short ES at 909.50 --> 0 «« paper »»	14:32
<@NihabaAshi>	Covered all ES Short @ 909.00 --> - 1.5
<+szubaark>	i dont want part of the pinball, too much stress
<@NihabaAshi>	Just remember...the ball will eventually make its way back to the hole in the machine :)	14:33
<+szubaark>	Yes.
<+ItalianSharp_Away>	good one Niha	14:34
	:)
<@NihabaAshi>	Shorts ES @ 909.50 -> small size	14:35
<+ItalianSharp_Away>	NQ trying to play the here for longs right now
<@NihabaAshi>	3 only
<@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
<+ItalianSharp_Away>	hero
<@NihabaAshi>	Covered all ES Short @ 908.75 --> + 0.75	14:36
<+szubaark>	Longs trying again	14:37
<@NihabaAshi>	Long ES @ 912.75 -> small size
	3 only
<+MK>	Long ES @ 912.5 «« paper »»
<@NihabaAshi>	Damn fast or I'm slowing down after last month	14:38
	One second I'm thinking of going Long @ 910 and the next second its at 912
<+codehead>	exit 8795 <paper>	14:40
<@NihabaAshi>	Exited all ES Long @ 917.25 --> + 4.5
<+codehead>	so +3, -30, and +120 on the three contracts, <paper>
<+szubaark>	could really start chopping here
<+MK>	Exited all ES Long @ 915.25 --> + 2.75 «« paper »»	14:41
	Long ES @ 915.5 «« paper »»	14:42
	Exited all ES Long @ 918.75 --> + 3.25 «« paper »»	14:44
<+szubaark>	Shorts ES @ 918.50 «« paper »»	14:45
<+MK>	Shorts ES @ 917.75 «« paper »»	14:46
<+szubaark>	exit stop moved to breakeven ES @ 918.50 «« paper »»	14:47
	got good entry, so shoudnt take much heat on this
	Covered all Short ES at 918.50 --> 0 «« paper »»
	guess not
	Pinball once again	14:50
<@NihabaAshi>	Long ES @ 916.50 -> small size	14:52
	3 only
	Exited all ES Long @ 917.00 --> + 0.5	14:53
	I'm done...this is unusual price action on overall declining volatility.	14:54
<+szubaark>	Shorts ES @ 916 «« paper »»	14:55
<@NihabaAshi>	Prefer to go outside now and rake some leaves before the snow hits a second time.
<+szubaark>	Volatilty increasing
	exit stop moved to breakeven ES @ 916 «« paper »»
<@NihabaAshi>	The daily charts tells it all...	14:56
	Trade carefully.
	Take care and see all tomorrow
<+szubaark>	bye
<+palmer>	u so right niha
<+T-stop>	tks, cya
<+palmer>	long es 913	15:00
<futurible>	Long YM @ 914.50 «« paper »»
<+futurible>	error
<+szubaark>	Covered all Short ES at 916 --> 0 «« paper »»
<+futurible>	Long ES @ 914.50 «« paper »»	15:01
<+palmer>	out +2
<+MK>	Covered all ES Short @ 914.5 --> + 3.25 «« paper »»	15:03
<+futurible>	Exited all ES Long @ 912.25 --> - 2.25 «« paper »»
<+MK>	Long ES @ 909.75 «« paper »»	15:05
	Long ES @ 907.25 -> Add «« paper »»	15:06
<+szubaark>	Shorts ES @ 906.50 «« paper »»	15:07
	chasing
	low of day Test Target	15:08
<+MK>	Long ES @ 905.25 «« paper »»	15:10
	add
<+szubaark>	Covered all Short ES at 906.50 --> 0 «« paper »»	15:12
<+futurible>	Long ES @ 906.00 «« paper »»
	exit stop set ES @ 903.50 «« paper »»	15:14
<+szubaark>	Shorts ES @ 905.75 «« paper »»
<+futurible>	Exited all ES Long @ 903.50 --> - 2.5 «« paper »»	15:15
	Long ES @ 906.00 «« paper »»
<+szubaark>	Covered all Short ES at 907 --> - 1.25 «« paper »»	15:16
	Im done, this Price Action is too shitty now
* szubaark	is now known as szubaark_away
<+MK>	Long ES @ 906.75 -> Add «« paper »»	15:17
<+futurible>	Exited 1/3 ES Long @ 908.25 --> + 2.25 «« paper »»	15:20
	Exited Remainder ES Long @ 906.25 --> + 0.25 «« paper »»
<PapaJon>	Here's my trades for the day... had to leave for most of it... but did manage few...	15:21
<+PapaJon>	http://www.veritashomeinspection.com/jp1 .jpg
<+szubaark_away>	nice Positive day papa	15:22
<+PapaJon>	have to leave again...
	thnx szu
	finally starting to get over the psych part
<+szubaark_away>	i had too many distractions this week, shoudnt be trading, but today had peace and it showed	15:24
<+MK>	Long ES @ 902.75 -> Add «« paper »»	15:30
	Long ES @ 898.25 -> Add «« paper »»	15:40
<+Bambam-77>	901 for 894
<+codehead>	long 1c YM 8620 <paper>
	nearing 6.18 retracement
	was looking for a little lower ot take it for real
	8680 exit	15:41
	exit 8670 YM +50 <paper> close enough	15:42
	8680 hit :-P
	YM got within 24 ticks of .618 retracement	15:44
	from low of year to bounce high
<+MK>	Exited all ES Long @ 906.75 --> + 10 «« paper »»	15:46
<+codehead>	long 1c 8620 <paper> (again)	15:54
<+rickf>	jobs report tomorrow 0830
	supposed to be baaaaaad	15:55
<+codehead>	8650 target	15:56
	hit	15:58
	+30 <paper>
<+werner>	good wk all	15:59
	ow sorry	16:00
<+rickf>	cya
<+werner>	cya :)	16:01
<+codehead>	8669 is biggest volume bar of today's histogram for YM	16:03
	and it's sitting right back there again	16:04
<@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: Thu Nov 06 19:53:47 2008	18:11
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

"The point of this whole exercise is to make money. Everything else is just conversation." --Jonathan Hoenig

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