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#FuturesTrades November 10th Monday 2008 Trade Log

 

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

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

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

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

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

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

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

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

   
  #FuturesTrades purpose, benefits and access info for day traders, swing traders and position traders...click here.
Time Zone Info Chat Log below is eastern standard time (est.) - New York City, U.S.A and/or Montréal, Canada time zone.
  
<@X>  #FuturesTrades Info ->  No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended without their permission.

More info at http://www.thestrategylab.com/FuturesTradesChatRoom.htm   

 
  
Session Start: Mon Nov 10 09:28:35 2008Session Ident: #futurestrades
* Now talking in #futurestrades09:28
<@X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<T-stop> gm09:29
<drt> gm
<trader0101>  Shorts ES @ 949.25 09:31
<+trader0101> sorry late
Trailing Stop Hit ES @ 994.00 --> - 44.75
Covered all ES Short @ 949 --> + 0.25 09:32
trailing stop hit
<silo> nasdaq down hard09:34
<+silo> lol
<AustinJM> wow09:36
<+AustinJM> Any news for that?
YM just swung down 50 pts too
<szubaark>  Shorts ES @ 944.25 «« paper »» 09:41
<rickf> gm
<+trader0101>  Long ES @ 945.75

Exited all ES Long @ 946.25 --> + 0.5 09:43
<+szubaark>  Covered all Short ES at 947 --> - 2.75 «« paper »»
<+trader0101> berlin wall

Long ES @ 948.25 09:45

Exited all ES Long @ 946.5 --> - 1.75 09:46

crap pa
<werner> hi rickf ,all
<+rickf> :)
<+trader0101>  Long ES @ 948.5
Exited all ES Long @ 946.75 --> - 1.75 09:47
Shorts ES @ 946.25 09:48
<+szubaark> yawn09:49
<+silo>  Shorts YM @ 9090
oh cool
script works now
2
<+trader0101>  Covered 1/2 ES Short @ 944.25 --> + 2
<+silo>  Covered 1/2 YM Short @ 9068 --> - 208 09:50
<+szubaark>  Shorts ES @ 943.75 «« paper »»
<+silo>  Covered 1/2 YM Short @ 9068 --> + 22
there we go
<+trader0101>  Covered Remainder ES Short @ 944 --> + 2.25 09:52
<+silo>  exit stop set YM @ 9109 09:53
for second half
<+trader0101>  Shorts ES @ 943.75 09:58

Covered 1/2 ES Short @ 941.75 --> + 2 09:59

Trailing Stop Hit ES @ 941.75 --> + 2
<+silo>  Covered Remainder YM Short @ 9065 --> + 25
<+szubaark>  exit stop moved to breakeven ES @ 943.75 «« paper »» 10:01

exit stop set ES @ 943 «« paper »» 10:03
<+trader0101> i haven't seen my chart this ugly10:04
<+szubaark> with Volatility dropping everyday, better get used to it
<+trader0101> i would rather not ;)10:05
i like volatility
hold on to that short szu, its the best trade for the day, imho
<+szubaark> thats part of the Beast, it keeps changing to keep yout off guard
<+trader0101> unfortunately i fall asleep in these situations !10:06
<+szubaark>  Covered all Short ES at 940.25 --> + 3.5 «« paper »» 10:07
<+trader0101>  Long ES @ 942.5 10:10
Exited all ES Long @ 943 --> + 0.5 10:12
pa screepy
buyers waking up10:13
buyers having bad dreams10:14
<+silo>  Shorts YM @ 9070 10:16

2

Covered all YM Short @ 9082 --> - 12 10:18
<+rickf> sheesh10:20
<+silo>  Shorts YM @ 9066
<oaktree> sell ym 9075 out 906910:21
<+rickf> short es 940.50
<+trader0101> sca;per's market10:22
scalper
<+rickf> out 42.50 -2
<+silo>  Covered all YM Short @ 9082 --> - 16
that sucked :\
<+trader0101> dt fwiw10:23

Shorts ES @ 943.75 10:24
<+szubaark>  Buys ES @ 945.25 «« paper »» 10:26
<+trader0101>  Covered all ES Short @ 945.25 --> - 1.5

should stick to scalps today
<+szubaark> will be tough to keep small Stops as we wiggle up and down a lot10:27
<+trader0101> true but there is enough for a quick scalp10:28
<+szubaark> timing has to be Perfect then LOL
<+trader0101> and in the direction of the mini trend
<+szubaark>  Exited all Long ES at 941 --> - 4.25 «« paper »»
<+trader0101>  triple bottom, whatever that means10:30

Long ES @ 942.75

Exited all ES Long @ 941 --> - 1.75 10:32
<+rickf> short es 942.25 out 940 +2.25
doing automatic limits today
<+trader0101>  Long ES @ 940.5 10:33

Exited all ES Long @ 940 --> - 0.5 10:34
<+szubaark>  Shorts ES @ 939 «« paper »»
<+silo>  Long YM @ 9043 10:40
<+oaktree> buy ym 9040 paper
<+silo>  Exited all YM Long @ 9034 --> - 9 10:42

Long YM @ 9046
<+oaktree> out ym 9050 paper10:43
<+szubaark> market in a coma10:44

exit stop set ES @ 941 «« paper »» 10:46
<+silo>  Exited all YM Long @ 9046 --> 0
<+szubaark>  exit stop set ES @ 940.75 «« paper »» 10:48

Volatility Increasing
<+oaktree> buy ym 9014 paper10:52
out 8990 ppaer10:55
<+szubaark>  exit stop set ES @ 937 «« paper »» 10:56
<+trader0101>  Long ES @ 935.25 10:57
<+oaktree> buy ym 8997 paper10:58
<PapaJon> jeeze... these creeper trends are anoying
<+trader0101>  Exited all ES Long @ 934 --> - 1.25 10:59

not worth it at all
<+szubaark> tightening stop11:00
exit stop set ES @ 935.50 «« paper »» 11:01
<+oaktree> out ym 8972 paper
<+trader0101>  Shorts ES @ 931 11:03
<+rickf> back in a bit11:04
<+szubaark> tightening stop
exit stop set ES @ 934 «« paper »»
<+trader0101>  Covered all ES Short @ 932.75 --> - 1.75

getting thrashed today11:05
<+szubaark> tightening stop11:07
exit stop set ES @ 933.50 «« paper »»
<+trader0101>  Shorts ES @ 931.5

Covered all ES Short @ 933 --> - 1.5 11:08
<+szubaark>  Covered all Short ES at 933.50 --> + 5.5 «« paper »»
<+trader0101> should learn when to stop
<+PapaJon> nice one szu11:09
<+szubaark> thanx
<+trader0101>  Long ES @ 933.75
Exited all ES Long @ 932.25 --> - 1.5 11:11
not trading to the plan today
thats it for today
<+szubaark> 930 was my Target on my Short, but took me out on my trail11:13
<ItalianSharp> pretty dull day so far11:19
<+PapaJon> I have to leave but hope to get back for some of the aftnoon session... here's my trades.... had a rough start... :((11:23

http://www.veritashomeinspection.com/jp1 .jpg

got whipsawed... ugh!11:24

bye all11:25
* PapaJon is now known as PapaJon_afk
<@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.11:26
<pdays>  Shorts ES @ 929.25 11:49
<+pdays>  Covered all ES Short @ 927.5 --> + 1.75
<codehead> YM1 tick from .500 retracement11:50
<+codehead> of late move off bottom friday to tody open high

8882 is .61811:52

long 8906 YM <paper>11:55

exit YM +5 <paper> (need ot work)11:57
<AustinJM> Geesh, guys down on the street must have fallen asleep12:05
<+rickf> back
<@NihabaAshi>  Shorts ES @ 925.25 -> large size 12:19
<+oaktree> sell ym 8912 paper12:21
<@NihabaAshi>  Covered 2/3 ES Short @ 923.00 --> + 2.25 12:22
<+rickf> short from 924.7512:24
<+oaktree> out ym 8882 paper
<+rickf> exit es 921.50 +3.2512:25
<+silo>  Long YM @ 8873 12:34
2
Exited all YM Long @ 8870 --> - 3 12:35
so bored lol
<@NihabaAshi>  Shorts ES @ 917.00 -> small size 12:48

3 only

Covered all ES Short @ 916.75 --> + 0.25 12:50
* NihabaAshi is now known as NihabaAshi_away
<+codehead> 8857, 8883 first real bounce targets on YM12:59

those targets assume 8800 holds13:00

those targets became 8850 and 8876 with the new lows, fwiw13:09
<+silo>  Shorts YM @ 8831 13:11
1
<szubaark>  Buys ES @ 917.50 «« paper »» 13:13
<+silo>  Covered all YM Short @ 8845 --> - 14 13:14
<+szubaark> tightening stop13:20

exit stop moved to breakeven ES @ 917.50 «« paper »»

Exited all Long ES at 917.50 --> 0 «« paper »» 13:21

Shorts ES @ 916 «« paper »» 13:23

exit stop set ES @ 918.50 «« paper »» 13:26

Covered all Short ES at 918.50 --> - 2.5 «« paper »» 13:27
<+codehead> Ym wave targets 8876, 8886, should get them13:28
<+szubaark>  Buys ES @ 920 «« 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.13:32
<+szubaark>  exit stop set ES @ 917.75 «« paper »» 13:36
<+codehead> first target hit13:37
2 ticks from second...
hit13:39
8846 a potential for pb13:40
<+szubaark>  exit stop set ES @ 918 «« paper »»
<+rickf> sheesh talk about the lunch hour13:46
<+szubaark>  Exited all Long ES at 918 --> - 2 «« paper »» 13:47

Shorts ES @ 918 «« paper »»
<+codehead> *if* 8831 if the low, there's an upside target at 8925--that's a big "if" tho13:51
by target i mean profit on long and potential reversal scalp short13:53
<+szubaark>  Covered all Short ES at 921 --> - 3 «« paper »» 13:55

]tough area, just keeps floppin around here
<+codehead> 8924 hit? my target was 8925 for close long and swing short13:57
<+rickf> long es 922.50

out 23.50 +113:59
<+szubaark> yea tough action today
<@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   

 
<+rickf> i got greedy and moved my limit -- would have had 2 on that14:00
<+codehead> 8868 is downside wave target14:01
<+ItalianSharp> You guys gonna be trading tomorrow?14:04

Is NYSE open?
<+szubaark>  Shorts ES @ 921.75 «« paper »»
<+rickf> yep i wiill be here
<+ItalianSharp> I can't remember what liquidity is like on Veteran's Day
<+rickf> i think the makets are open14:05
<+ItalianSharp> Bond Market is closed tomorrow
CME is open
Oh well, I will check out what the open is like...if i get a bad feeling, I won't trade
<+szubaark>  Covered all Short ES at 924.25 --> - 2.5 «« paper »» 14:07

damn 4th Stop out

now we creeping Higher LOL

Shorts ES @ 923.50 «« paper »» 14:12
<bazooka85> hey all14:15
<+bazooka85> back to paper for me :((
<+rickf> we've all been there14:16
<+szubaark> hi bazooka14:17
<+bazooka85> hey szubaark
<+codehead> 8868 target hit
<+bazooka85>  Long ES @ 919.00 «« paper »» 14:25
Exited all ES Long @ 917.00 --> - 2 «« paper »»
Long ES @ 918.25 «« paper »» 14:26
<+rickf> leery of going short here - should see a small pop between 230 and 24514:28
<climber>  Shorts YM @ 8867 «« paper »» 14:29
<+szubaark>  exit stop set ES @ 920.25 «« paper »» 14:30
<+climber>  Covered 1/2 YM Short @ 8855 --> + 12 «« paper »»
Covered Remainder YM Short @ 8842 --> + 25 «« paper »» 14:32
<+bazooka85>  Exited all ES Long @ 916.25 --> - 2 «« paper »»

Long ES @ 915.50 «« paper »» 14:34

Exited all ES Long @ 916.50 --> + 1 «« paper »» 14:35
<+szubaark>  exit stop set ES @ 919.25 «« paper »»
<+bazooka85>  Long ES @ 914.75 «« paper »» 14:36
<+szubaark> tightening stop
<+bazooka85>  Exited all ES Long @ 915.75 --> + 1 «« paper »»
<+szubaark>  exit stop set ES @ 917 «« paper »»
<+bazooka85>  Shorts ES @ 916.50 «« paper »» 14:40
<+szubaark>  Covered all Short ES at 917 --> + 6.5 «« paper »»
<+rickf> wtg
<+szubaark> thanks
<+PapaJon_afk> nice one szu
* PapaJon_afk is now known as PapaJon14:41
<+szubaark> i was too early on my prior trades. BUT made up for it with this one
<+PapaJon> nice
i just walked in
* NihabaAshi_away is now known as NihabaAshi14:42
<+bazooka85>  Covered all ES Short @ 918.50 --> - 2 «« paper »»
<@NihabaAshi>  Shorts ES @ 918.50 -> small size 14:45

3 only

Covered all ES Short @ 814.50 --> + 104 14:47

correction
<+szubaark>  Shorts ES @ 914 «« paper »»
<@NihabaAshi>  Covered all ES Short @ 914.50 --> + 4
* NihabaAshi is now known as NihabaAshi_away14:48
<+szubaark>  exit stop moved to breakeven ES @ 914 «« paper »» 14:49

Covered all Short ES at 911.50 --> + 2.5 «« paper »» 14:50
<bazooka85>  Shorts ES @ 914.25 «« paper »» 14:55
<+bazooka85>  Covered all ES Short @ 913.25 --> + 1 «« paper »» 14:57

Long ES @ 912.00 «« paper »» 14:59
<+szubaark>  Shorts ES @ 911.75 «« paper »»
<+rickf> welcome to the witching hour15:00
<+bazooka85>  Exited all ES Long @ 909.75 --> - 2.25 «« paper »» 15:01
damn it szubaark!
<+rickf> short es 908.5015:02
<+szubaark>  exit stop moved to breakeven ES @ 911.75 «« paper »»
<+rickf> out 907.50 +1
<+szubaark> Volatility Increasing15:03
Covered all Short ES at 910.50 --> + 1.25 «« paper »» 15:05
shook me out with a 5 pt wiggle room LOL
<+bazooka85>  Shorts ES @ 911.75 «« paper »»

Covered all ES Short @ 909.25 --> + 2.5 «« paper »» 15:08
<+szubaark>  Buys ES @ 912.50 «« paper »»
Exited all Long ES at 908.50 --> - 4 «« paper »» 15:09
Shorts ES @ 908.50 «« paper »»
<+bazooka85>  Long ES @ 908.50 «« paper »» 15:10
<+szubaark> on that Long saw something that wasnt there
<+bazooka85>  Exited all ES Long @ 912.25 --> + 3.75 «« paper »» 15:12
<+szubaark>  Covered all Short ES at 912.50 --> - 4 «« paper »»
Buys ES @ 912.50 «« paper »»
<+bazooka85>  Shorts ES @ 912.50 «« paper »»
<+szubaark> now got the setup, need to be MORE PATIENT
<+bazooka85>  Covered all ES Short @ 914.50 --> - 2 «« paper »» 15:14
<+szubaark>  Exited all Long ES at 911 --> - 1.5 «« paper »» 15:16
<+bazooka85> look at that spike. . .
<+szubaark>  Shorts ES @ 911 «« paper »»
<+bazooka85>  Long ES @ 910.00 «« paper »» 15:18

Exited all ES Long @ 908.00 --> - 2 «« paper »» 15:22

Shorts ES @ 908.50 «« paper »» 15:24
<+szubaark>  exit stop moved to breakeven ES @ 911 «« paper »» 15:25
tightening stop15:27
exit stop set ES @ 910 «« paper »»
needs to break this 905 area15:28
<+bazooka85> 3 point target 2 sl15:29
<+szubaark>  Covered all Short ES at 910 --> + 1 «« paper »»
<+bazooka85>  Covered all ES Short @ 911.50 --> - 3 «« paper »» 15:31

oops -2.5

10.50*15:32

im going to bed

figuring out better probability setups

good luck rest of day trading
<@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.15:35
<+szubaark>  Shorts ES @ 907.25 «« paper »» 15:38

expecting Volatility spike soon,hopefully to downside, Im SHORT

back to this 905 area..needs to bust here15:40

Covered all Short ES at 910.25 --> - 3 «« paper »» 15:42

Buys ES @ 910.25 «« paper »»
<+rickf> wow15:45
<+szubaark>  Exited all Long ES at 910.25 --> 0 «« paper »»
<+rickf> stop running15:46
<+szubaark>  Shorts ES @ 909.75 «« paper »» 15:47

tough action all day15:49

creeper downtrend since Open followed by Chop at each new lows LOL

Covered all Short ES at 914.50 --> - 4.75 «« paper »» 15:50

Buys ES @ 914.50 «« paper »»

damn eating some Stops in this Chop

down for day now :*15:51
<+rickf> long from 915
<+szubaark> geezzz FINALLY frikin going up
<+rickf> out 916 +1
<+szubaark> lots of blood behind this spike15:52
<+rickf> long from 917.2515:53
out 918.25
sheesh
that's it
every time it looks like a strong pop up they pound it right back15:54
<@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> think everyone went home long time ago, bastids could ramp it up here

like u said cleaning up Stops
<+rickf> i took out my limits for the pm session when we get runners --- had i left 'em in i'd have done just fine and not settled for 1 point or b/e15:55
<+codehead> YM: 8850 longest hito bar on price today, 8851 is .618 fib bounce point, 8864 is a strong wave target15:56

so that area prolly has a decent restatance
<+szubaark>  exit stop moved to breakeven ES @ 914.50 «« paper »» 15:58
need this trade to put me in the Green for the day15:59
<+codehead> 8864 wave target hit
<+rickf> i fat-fingered my DOM twice today and am in the red :(
think it's a bug and i reported to the broker
<+werner> gn all16:00
<+codehead> who do you use, rick?16:02
<+rickf> OEC
<+codehead> oic
;-)
i don't know OEC tho... i'll look
oh i know16:03
(i get it)
<+rickf> ok all see you tomorrow16:04
<+szubaark>  Exited all Long ES at 919 --> + 4.5 «« paper »» 16:06
<+PapaJon> OK. Done for the day.. was able to make a couple more trades and end the day with some lunch money... :) Heres my trades16:07

http://www.veritashomeinspection.com/jp2 .jpg16:08

Gotta head back out to the jobsite... Cheers all
<+szubaark> good job u ++
<TraderG> nice comeback Jon
<@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: Tue Nov 11 00:00:00 200823:53
  
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

  

click on image to view actual size

 

Today

Month

 

 

 

Emini ES points

+26.25

+238.75

 U.S. Dollars

$1,312.50

$11,937.50

 

We are proud to say that our chat room members are from the following geographical areas in the world:

Argentina, Australia, Belgium, Brazil, Canada, Denmark, France, Germany, Greece, Hong Kong (China), Italy, Japan, Mexico, Portugal, Puerto Rico (U.S.), Saudi Arabia, Singapore, Spain, United States and Venezuela.

In addition, below are the trading instruments our chat room members monitor closely to make trade decisions:  

CME Emini Futures EMD, ES and NQ   

ICE Emini TF (formerly CME ER2)

CBOT mini-sized Dow Futures YM

Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50

Eurex Fixed Income Derivatives BUND, BOBL and Schatz

Euronext Futures FTSE-100 and CAC-40

CME Futures EuroFX EC

Treasury Futures T-Notes ZN, ZF and T-Bonds ZB

Forex Currencies EurUsd, EurYen and UsdCdn

Exchange Traded Funds DIA, IWM, QQQQ, SPY, OIH, XLE and GLD  

NYMEX Energies Light Crude Oil CL, e-miNY QM and Natural Gas NG

COMEX Metals Gold GC and ZG

Hang Seng Index Futures HSI

Last of all, if you have any questions about any of the above commentary, specific trades et cetera...

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

Sincerely,

M.A. Perry and Associates

TheStrategyLab.com

 questions@thestrategylab.com

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