#FuturesTrades November 13th 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 13 06:17:39 2008Session Ident: #futurestrades
* Now	talking in #futurestrades	06:17
<@X>	[NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
* codehead	is now known as codehead_afk	06:28
<rickf>	gm	08:20
<+rickf>	intl trade report 0830	08:25
	jobless claims 0830
* NihabaAshi	is now known as NihabaAshi_away
<+rickf>	standing aside 0830 :)
<intowin>	516K pretty nasty	08:31
<+rickf>	didt move markets that much tho	08:34
	yet
	back in a while	08:45
<werner>	gm all	09:19
<PapaJon>	gm all	09:29
<futurible>	gm all	09:30
<drt>	gm	09:32
<szubaark>	Shorts ES @ 855 «« paper »»	09:45
<+szubaark>	Covered all Short ES at 850 --> + 5 «« paper »»	09:50
<+werner>	wow market is nuts..lol
<+PapaJon>	nice trade szu
<+szubaark>	thanks..	09:51
<+werner>	vn szu
<+szubaark>	hmm.. my trading platform went out for a minute :(
<+werner>	:(
	bbl	09:52
<+PapaJon>	thats weird... my charts had a couple of dead times too
	and it made me exit two short trades very early
	:(
	I dont like to stay in a trde if my charts are stopped...
	ticks me off... haveing to leave so much on the table	09:53
<@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.	10:08
<+szubaark>	Shorts ES @ 860 «« paper »»	10:34
<nqcruiser>	gm all	10:36
<+szubaark>	exit stop set ES @ 861 «« paper »»	10:38
	Covered all Short ES at 861 --> - 1 «« paper »»	10:40
<winmax60>	gm all	10:59
<+szubaark>	Shorts ES @ 849.25 «« paper »»	11:07
	Covered all Short ES at 849.25 --> 0 «« paper »»	11:12
<szubaark>	Shorts ES @ 847.25 «« paper »»	11:19
<+szubaark>	Covered all Short ES at 851.75 --> - 4.5 «« paper »»	11:24
<nqcruiser>	hi folks i need help on OEC	11:48
<+nqcruiser>	i dont want it to scroll to right
	how do i disable that
<+szubaark>	Buys ES @ 853.75 «« paper »»
	Exited all Long ES at 849 --> - 4.75 «« paper »»	11:54
	Shorts ES @ 849 «« paper »»
<+rickf>	back and lurking - got a bucnh of stuff going on today	12:10
<@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.	12:11
<+nqcruiser>	rick u dont use OEC trader ?	12:14
<+rickf>	yes
* codehead_afk	is now known as codehead	12:17
<+szubaark>	exit stop set ES @ 844 «« paper »»	12:26
	tightening stop	12:27
	exit stop set ES @ 844 «« paper »»
	tightening stop	12:32
	exit stop set ES @ 843 «« paper »»
	Covered all Short ES at 842 --> + 7 «« paper »»	12:34
<+nqcruiser>	rick i im u	12:36
<+rickf>	any news come out?	13:00
<+szubaark>	Im not Buying LOL	13:02
<+rickf>	:)
<+intowin>	what is the volume like today as compared to normal?	13:05
<+rickf>	1.95m ES contracts	13:06
	thus far
<+intowin>	is that up from normal tia	13:07
	just trying to figure if we are getting any panic yet.
	vix not really showing it
<+rickf>	honestly i dont know - i'd think it's a teeny bit higher than normal for 1PM but i could be wrong
	vix is practically flat
<+intowin>	thanks
<+rickf>	1-3 pt movement up	13:08
	meaning....what -- there's no fear? lol
<+intowin>	sure they are historically high but we were higher oct 10th
	looking for signs of capitulation
	not seeing it yet	13:09
<+rickf>	if it wasnt for GE's credit and finance being so much of its income, i'd be buying GE hand over fist today	13:11
	(just to add something to the chat today)
<+intowin>	I actually did buy ge yesterday for the ira
	small gamble on drys for the ira as well
<+rickf>	i dunno - i might start doing small lots to build a position	13:12
<+intowin>	its like I was able to go back in time and invest in the years I did not
<+rickf>	lol	13:13
<+codehead>	the rebound was 2 ticks above .618 fib retracement	13:20
<+intowin>	we will cut back and forth through 8k a half a dozen time today imo	13:22
<+rickf>	heh - and it's too scary to take a short so close to that unless you're sure it'll break past it downside
<+codehead>	and YM low was 4 ticks under 10/27 low
<+rickf>	well scary to me anyway	13:23
	long es 833.25	13:29
	out 838 +4.75	13:30
	i need to work on my exits	13:31
	but wont complain	13:32
<+szubaark>	nice
<+rickf>	thx szu
	hrmm this kind of action is happening a bit earlier than normal, eh?	13:45
<+szubaark>	tricky,tricky	13:46
	Shorts ES @ 847.50 «« paper »»	14:03
	Covered all Short ES at 853 --> - 5.5 «« paper »»	14:09
	Shorts ES @ 847.75 «« paper »»
	Covered all Short ES at 853 --> - 5.25 «« paper »»	14:10
	Buys ES @ 853.50 «« paper »»
	exit stop set ES @ 851 «« paper »»	14:13
	Exited all Long ES at 851 --> - 2.5 «« paper »»	14:14
	Shorts ES @ 851 «« paper »»
	Covered all Short ES at 856.25 --> - 5.25 «« paper »»	14:15
	Buys ES @ 856.25 «« 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.	14:17
<+szubaark>	Exited all Long ES at 850.50 --> - 5.75 «« paper »»	14:20
	Shorts ES @ 850.50 «« paper »»
	huge Stop killer zone here
	exit stop set ES @ 859 «« paper »»	14:21
	Covered all Short ES at 859 --> - 8.5 «« paper »»	14:23
	Buys ES @ 859.50 «« paper »»
<JimL>	i just sat down & wondering if any knows what news might have caused the drop to 1:00pm & then sudden reversal up?	14:36
<+intowin>	no news technical analysis probably in play. hit the lows then rebounded	14:37
<+rickf>	great entry szu	14:44
<+szubaark>	thanks	14:47
	exit stop set ES @ 873.50 «« paper »»	14:59
	Exited all Long ES at 873.50 --> + 14 «« paper »»
<+rickf>	swing!
	3PM games begin	15:00
<+szubaark>	Buys ES @ 863.25 «« paper »»	15:08
	exit stop moved to breakeven ES @ 863.25 «« paper »»	15:13
	thtightening stop	15:19
	exit stop set ES @ 864.50 «« paper »»
	exit stop set ES @ 869.50 «« paper »»	15:24
	exit stop set ES @ 880 «« paper »»	15:30
	exit stop set ES @ 895.50 «« paper »»	15:33
	exit stop set ES @ 885.50 «« paper »»
	900 Target on this	15:34
<+rickf>	yeah we'll print 900 today i think
	ok i am out for the day - got workers @ the door	15:35
<+szubaark>	bye
<+rickf>	see y'all tommorrow, good trading
<+werner>	cya :)	15:36
<+szubaark>	exit stop set ES @ 890.25 «« paper »»	15:40
	Contracting Volatility, expecting spike soon, hopefully to upside,Im Long	15:41
	Exited all Long ES at 896 --> + 32.75 «« paper »»	15:44
	Took a few hits in the 850 area, but then once we broke to upside, my Winners took care of the losers	15:45
<+werner>	gn all	17:06
<@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: Fri Nov 14 00:00:00 2008	22:32
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

DAX   FTSE-100   CAC-40   EC   ER2   ES   NQ   YM   QQQQ   SPY   IWM   DIA   CL   QM   NG   OIH   XLE   GC   GLD   ZN   ZB   ZF   BUND   EurUsd   UsdCdn

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