#FuturesTrades November 20th 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 20 09:13:54 2008Session Ident: #futurestrades
* Now	talking in #futurestrades	09:13
<@X>	[NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<@NihabaAshi>	Good morning all	09:14
<pat255>	gm N
<futurible>	gm all	09:15
<stick2it>	gm all
<drt>	gm
<TraderG>	gm every 1	09:17
<werner>	gm all
<silo>	morning	09:21
<T-stop>	gm everyone
<LumenPharmer>	gm all	09:26
<+silo>	Shorts YM @ 7892	09:31
<ItalianSharp>	morning all	09:32
<+silo>	Covered all YM Short @ 7898 --> - 6
<PeterPanBoy>	morning all
<@NihabaAshi>	Shorts ES @ 799.75 -> large size	09:34
	10 only
<+T-stop>	vn nihaba	09:36
<@NihabaAshi>	Covered ES Short @ 794.50 --> + 5.25
	Holding 4 remainders
<+LumenPharmer>	wtg	09:37
<@NihabaAshi>	Covered ES Short @ 792.50 --> + 7.25	09:39
	Holding 2 remainders	09:40
<+PeterPanBoy>	Shorts ES @ 792 «« paper »»
	Covered 1/2 ES Short @ 791.25 --> + 0.75 «« paper »»
<szubaark>	Shorts ES @ 790 «« paper »»
<@NihabaAshi>	Covered ES Short @ 788.50 --> + 11.25	09:41
	Holding 1 contract remainder
<+szubaark>	Nice Niha.
<Nesi>	great :)
<+PeterPanBoy>	very good nihaba	09:42
<@NihabaAshi>	Covered Remainder ES Short @ 785.50 --> + 14.25
<palmer>	awesome niha
<+PeterPanBoy>	Covered Remainder ES Short @ 788.25 --> + 3.75 «« paper »»	09:43
<+T-stop>	Nihaba I guess that lil pop earlier was a gift. I was lookin to get lg on the pb.obviously the wrong view. very, very nice wk.
<+PeterPanBoy>	wrong I mean exit @786.25 :)	09:44
<+szubaark>	Tightening Stop	09:45
<+PeterPanBoy>	Shorts ES @ 786.5 «« paper »»	09:46
	Covered all ES Short @ 789 --> - 2.5 «« paper »»
	Shorts ES @ 789 «« paper »»	09:47
<nqcruiser>	gm all
<+silo>	Shorts YM @ 7844	09:48
<+PeterPanBoy>	Covered 1/2 ES Short @ 786.5 --> + 2.5 «« paper »»
<+silo>	Covered 1/2 YM Short @ 7823 --> + 21	09:49
<+PeterPanBoy>	Covered Remainder ES Short @ 785.5 --> + 3.5 «« paper »»
<+silo>	Covered Remainder YM Short @ 7852 --> - 8	09:50
<+szubaark>	Covered all Short ES at 790.50 --> - 0.5 «« paper »»
<+PeterPanBoy>	Shorts ES @ 791.5 «« paper »»	09:51
	Covered 1/2 ES Short @ 791.25 --> + 0.25 «« paper »»	09:52
	Covered Remainder ES Short @ 790 --> + 1.5 «« paper »»
	Shorts ES @ 786.75 «« paper »»	09:54
	Covered 1/2 ES Short @ 786.25 --> + 0.5 «« paper »»
	Covered Remainder ES Short @ 786.5 --> + 0.25 «« paper »»	09:55
<+szubaark>	Shorts ES @ 785.25 «« paper »»
<+PeterPanBoy>	Shorts ES @ 789.25 «« paper »»	09:57
	Covered 1/2 ES Short @ 788.25 --> + 1 «« paper »»
<pdays>	Long ES @ 788.5
<+pdays>	Exited all ES Long @ 789.5 --> + 1
<+PeterPanBoy>	Covered Remainder ES Short @ 786.5 --> + 2.75 «« paper »»	09:58
<+silo>	Shorts YM @ 7848
<+szubaark>	tightening stop	09:59
<+silo>	Covered 1/2 YM Short @ 7820 --> + 28
<+szubaark>	News in 1 minute by the way
<+PeterPanBoy>	Shorts ES @ 784.5 «« paper »»	10:00
	Covered 1/2 ES Short @ 783.5 --> + 1 «« paper »»
<+silo>	Covered Remainder YM Short @ 7810 --> + 38
<+PeterPanBoy>	Covered Remainder ES Short @ 784.25 --> + 0.25 «« paper »»
	Shorts ES @ 786.75 «« paper »»	10:02
	Covered 1/2 ES Short @ 785.75 --> + 1 «« paper »»
	Covered Remainder ES Short @ 781.75 --> + 5 «« paper »»	10:03
<+szubaark>	tightening stop	10:04
<+nqcruiser>	folks i need a little help on tiling charts in OEC trader	10:05
	could some1 give me a little helping hand
<Pepe>	gm all
<+PeterPanBoy>	Shorts ES @ 779 «« paper »»	10:09
<+Nesi>	Long ES @ 780.00 «« paper »»
<+szubaark>	tightening stop
	exit stop set ES @ 783.75 «« paper »»
<+PeterPanBoy>	Covered all ES Short @ 780.75 --> - 1.75 «« paper »»	10:10
	Shorts ES @ 779 «« paper »»
<+Nesi>	Exited all ES Long @ 778.25 --> - 53.5 «« paper »»
	oops
<+PeterPanBoy>	Covered 1/2 ES Short @ 778.25 --> + 0.75 «« paper »»	10:11
	Covered Remainder ES Short @ 777.75 --> + 1.25 «« paper »»	10:12
<+Nesi>	Long ES @ 779.00 «« paper »»
<+PeterPanBoy>	woh missing this nice drop :(	10:13
	Shorts ES @ 778 «« paper »»	10:14
<+szubaark>	tightening stop	10:15
	exit stop set ES @ 781 «« paper »»
<+PeterPanBoy>	Covered 1/2 ES Short @ 777.75 --> + 0.25 «« paper »»
<+Nesi>	Long ES @ 778.50 «« paper »»
<+PeterPanBoy>	Covered Remainder ES Short @ 775.5 --> + 2.5 «« paper »»	10:17
<+szubaark>	market going lower in slow, controlled Volatility, tick by tick
<+PeterPanBoy>	yep
	Shorts ES @ 775.5 «« paper »»	10:18
<+szubaark>	also known as a CREEPER
<+PeterPanBoy>	Covered Remainder ES Short @ 775.25 --> + 0.25 «« paper »»	10:19
	fear is come
	for this last trade
<+szubaark>	tightening stop	10:20
	Covered all Short ES at 779.75 --> + 5.5 «« paper »»	10:21
<+silo>	szu is a creeper :)
<+PeterPanBoy>	Shorts ES @ 783.25 «« paper »»	10:23
	Covered 1/2 ES Short @ 782.5 --> + 0.75 «« paper »»
	Covered Remainder ES Short @ 782.5 --> + 0.75 «« paper »»	10:24
<@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.
<+PeterPanBoy>	Shorts ES @ 783.25 «« paper »»
	fast action
	Covered 1/2 ES Short @ 783 --> + 0.25 «« paper »»	10:25
	Covered Remainder ES Short @ 781.25 --> + 2 «« paper »»	10:26
	Shorts ES @ 784 «« paper »»	10:29
	Covered all ES Short @ 785 --> - 1 «« paper »»
<+Nesi>	Exited all ES Long @ 786.00 --> + 7.5 «« paper »»	10:30
<+PeterPanBoy>	Long ES @ 792.5 «« paper »»	10:33
<+pat255>	vn nesi
<@NihabaAshi>	buy limit to enter long ES @ 795.25
<+Nesi>	Shorts ES @ 793.00 «« paper »»
<+PeterPanBoy>	Exited 1/2 ES Long @ 793.25 --> + 0.75 «« paper »»
	Exited Remainder ES Long @ 792.5 --> 0 «« paper »»	10:34
	Shorts ES @ 791 «« paper »»
	Covered 1/2 ES Short @ 790 --> + 1 «« paper »»
<+Nesi>	Covered all ES Short @ 789.00 --> + 4 «« paper »»	10:35
<+PeterPanBoy>	Covered Remainder ES Short @ 786.25 --> + 4.75 «« paper »»	10:36
<+szubaark>	Shorts ES @ 783.25 «« paper »»	10:41
<+silo>	Long YM @ 7825
	Exited 1/2 YM Long @ 7851 --> + 26	10:42
<+szubaark>	Covered all Short ES at 789.75 --> - 6.5 «« paper »»	10:43
<@NihabaAshi>	Long ES @ 790.50 -> medium size
	4 only
	cancelled all open limit orders	10:44
<+silo>	Exited Remainder YM Long @ 7905 --> + 80
<+szubaark>	Buys ES @ 794.25 «« paper »»
<@NihabaAshi>	cancel a prior order after I decided to get long much earlier :)
	crazy volatility right now...parabolic	10:45
<+szubaark>	as Long as its going UP and Im Long, i wont complain	10:46
<@NihabaAshi>	Exited all ES Long @ 802.00 --> + 11.5
	Not sure if that price movement was "news related" because it sure did feel like it after it picked up momentum after my entry	10:47
<+ItalianSharp>	I think it was "sentiment" related...we opened up with negative sentiment...5yr lows on SPX...etc...that's what you get when everything points to one direction	10:49
	markets just seem to love doing the opposite
	:)
<+szubaark>	:)))	10:50
<+Nesi>	Shorts ES @ 795.00 «« paper »»
<+ItalianSharp>	it'd be funny if we dropped hard from here
<+szubaark>	Exited all Long ES at 793.75 --> - 0.5 «« paper »»
<+ItalianSharp>	like...NQ new highs!!! then 30mins later new lows
	that would be a suprise to most
<+szubaark>	its definetly acting erratic now	10:51
<+ItalianSharp>	well, we are trading in uncharted territory
	traders dont know what comes next
	they see ES making multiyear lows...is it ok to hold? what if it rallies from there?
	lots of uncertainty both ways	10:52
<+szubaark>	yup FEAR and GREED at its best
<+ItalianSharp>	the only certainty is we are in a bear market
	yes, absolutely
	vix above 75 also feeds into this uncertainty
<+Nesi>	Covered all ES Short @ 792.00 --> + 3 «« paper »»	10:53
<+silo>	Long YM @ 7933	10:55
	Exited 1/2 YM Long @ 7941 --> + 8	10:56
<+szubaark>	Buys ES @ 798.50 «« paper »»	10:57
<@NihabaAshi>	Long ES @ 796.50 -> small size
	1 only
<+silo>	Exited Remainder YM Long @ 7921 --> - 12
<@NihabaAshi>	Exited ES Long @ 794.00 --> - 2.5	10:58
<+silo>	-4 for that trade.... worth the risk
<@NihabaAshi>	Long ES @ 796.00 -> small size	10:59
	3 only
<+szubaark>	tightening stop
<@NihabaAshi>	took me only one trade to figure out that weird price action a few minutes ago	11:00
<+szubaark>	what did u figure out?	11:01
<+Nesi>	Shorts ES @ 803.25 «« paper »»
	Covered all ES Short @ 805.00 --> - 1.75 «« paper »»	11:02
<+PeterPanBoy>	ok I stop here for today,I prefer do not ruin my morning results :)	11:03
<@NihabaAshi>	Exited all ES Long @ 802.25 --> + 6.25
<+PeterPanBoy>	take care see ya tomorrow..	11:04
	bye
<+T-stop>	cya
<+PeterPanBoy>	cya too
<+szubaark>	tightening stop
<@NihabaAshi>	Volatility is like it was a few weeks ago before the U.S. Elections	11:06
	Looks like the market is starting to "remember" the way we were before Obama :)	11:07
<+szubaark>	Exited all Long ES at 800.50 --> + 2 «« paper »»	11:09
<+werner>	lol niha	11:14
<@NihabaAshi>	It's getting so bad again that the "Obama" dream team won't be able to fix this and the market will have to be allowed to run its course without further intervention like that silly "no short" rule on financial sector.	11:18
	Shorts ES @ 797.50 -> small size	11:20
	1 only
<+szubaark>	Shorts ES @ 795.75 «« paper »»
<@NihabaAshi>	late to the show again
<+szubaark>	Patience will be key today on every trade	11:21
<@NihabaAshi>	I did too much over-analysis...it caused a late entry instead of being short @ 799.25	11:22
<+szubaark>	is that where u got a Signal Entry@799.25?
<@NihabaAshi>	Covered ES Short @ 795.50 --> + 2	11:23
	szu...no
	It's where my first "entry" opportunity occurred...sometimes it correlates with the actual trade signal but most of the time it doesn't.
	Main reason why my trading is better than my back testing results.	11:24
	I prefer to grab those "better entry" prices	11:25
<+szubaark>	yea. that comes with thousands of hours of screen time	11:26
	plus you got to add in any Disctractions that day,how you feel,Internet Connection..etc..	11:27
	thats why Backtest results are almost WORTHLESS
<@NihabaAshi>	szu...it's not worthless if used properly.	11:29
	I don't use my backtest results (only manually done) to indicate potential performance.
<+szubaark>	exit stop set ES @ 792 «« paper »»	11:30
<@NihabaAshi>	Instead, I use it backtesting to discover "nuances" when I slowly and methodically reveiw each signal manually in the context of the price action it is occurring within.
	I can't get that from some code	11:31
<+szubaark>	error on my last Trail Stop Post	11:32
	exit stop set ES @ 797.75 «« paper »»
	exit stop moved to breakeven ES @ 795.75 «« paper »»	11:35
	Contracting Volatility,expecting spike soon,hopefully to downside,Im Short	11:36
	Covered all Short ES at 795.75 --> 0 «« paper »»	11:38
	Buys ES @ 795.50 «« paper »»
	tightening stop	11:45
	Exited all Long ES at 791.75 --> - 3.75 «« paper »»	11:48
	Shorts ES @ 790 «« paper »»	12:00
	Covered all Short ES at 791.25 --> - 1.25 «« paper »»	12:12
	Buys ES @ 799.25 «« paper »»	12:21
* codehead_afk	is now known as codehead	12:26
<@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.	12:27
<+Nesi>	Long ES @ 805.00 «« paper »»
	rumors of bailout
	fwiw
	Long ES @ 807.00 -> Add «« paper »»	12:28
<+szubaark>	tightening stop	12:30
	thanks Nesi	12:31
	i dont care what its about as long as we get GOOD Volatility in the direction my trade is in	12:32
<+silo>	Shorts YM @ 8102	12:33
	1
	Shorts YM @ 8086 -> Add	12:34
<+Nesi>	Long ES @ 811.00 -> Add «« paper »»
<+szubaark>	tightening stop	12:35
<+silo>	Covered 1/2 YM Short @ 8060 --> + 26
<+szubaark>	Exited all Long ES at 806.50 --> + 7.25 «« paper »»	12:37
<+silo>	Covered Remainder YM Short @ 8043 --> + 59	12:38
<+codehead>	YM: 8016 is wave target, 8018 .382 pb of that move up	12:44
<@NihabaAshi>	Long ES @ 811.75 -> small size	12:47
	3 only
<+szubaark>	Buys ES @ 813 «« paper »»	12:48
<@NihabaAshi>	Exited all ES Long @ 817.50 --> + 5.75	12:49
	crazy
<+szubaark>	exit stop moved to breakeven ES @ 813 «« paper »»	12:50
<@NihabaAshi>	A friends wife told him I should feel "guilty" about profiting while the economy and financial industry are suffering...	12:51
	That type of logic is the reason why we're in such a mess.	12:52
	I guess I should just quit...	12:53
	Stop paying my bills, stop buying, stop financing my kids future college education, stop paying the cleaning lady, stop buying flowers for special occassions...
	People really don't understand what happens when a CONSUMER stops making money.	12:54
	There's a cascading affect on others financial well being.
<+szubaark>	Exited all Long ES at 813 --> 0 «« paper »»
	yea people dont realizehow tough this trading crap is and u paid your dues	12:56
<@NihabaAshi>	However, she doesn't complain about watching here favorite actor on TV make millions each year (Tom Cruise)
	:)
<+szubaark>	ahahaha	12:57
<winmax60>	yeap...pretty sad.. :-(
<@NihabaAshi>	Heck...she'll be the first in line to pay for tickets to see his next movie.
<+werner>	lol lol
<+winmax60>	:-(
<+szubaark>	i knew a girl that liked tom cruise too LOL	12:58
<+codehead>	7964 would be a likely reversal if it pulls back that far on this move	12:59
	8044, 8004, then 7964, with the last one have a wave target and fib	13:00
<@NihabaAshi>	As the economy gets worst...Wall Street or anybody afilliated with it will become the scapegoats (e.g. traders)	13:01
<+codehead>	8004 is .500
<@NihabaAshi>	I should send her some nice flowers (sarcasm)	13:02
	Amazing up and down directional price movement today.	13:05
<+szubaark>	yes GOOD Volatility now	13:06
<@NihabaAshi>	Long ES @ 803.00 -> small size	13:08
	1 only
	geeesh
	Exited ES Long @ 803.50 --> + 0.5	13:09
<+szubaark>	Prce too jumpy for me, waiting for it to calm down	13:10
<@NihabaAshi>	Long ES @ 803.50 -> small size
	3 only	13:11
	Exited all ES Long @ 801.00 --> - 2.5	13:12
	Long ES @ 801.50 -> medium size	13:13
	4 only	13:14
<+szubaark>	each pullback area is hard fought battle
	Buys ES @ 803.25 «« paper »»
<@NihabaAshi>	Exited all ES Long @ 805.75 --> + 4.25	13:15
<+codehead>	got within 6 ticks of my reversal point--that it?	13:16
<+szubaark>	Volatility Increasing
	tightening stop	13:18
	Exited all Long ES at 803.25 --> 0 «« paper »»	13:19
<silo>	computer froze :(	13:20
<+szubaark>	Shorts ES @ 799 «« paper »»
<+silo>	missed my short :(
<+codehead>	long 7920 YM paper	13:21
	exit half +30 <paper>
	raise stop on remained b/e	13:22
<@NihabaAshi>	My spouse picked the perfect day to take the kids to visit relatives for the day that's 1 hour away.
	No family distractions today what so ever.
<+szubaark>	getting some nasty candles now with huge wicks	13:23
	we got a shakeout Carnival going on LOL	13:24
<+codehead>	exit remainder YM +60 <paper>	13:25
	target was 8013
	should hit
<+szubaark>	Covered all Short ES at 802.75 --> - 3.75 «« paper »»
	Shorts ES @ 793.25 «« paper »»	13:37
	tightening stop	13:45
	Covered all Short ES at 799 --> - 5.75 «« paper »»	13:46
	Buys ES @ 798.50 «« paper »»
<@NihabaAshi>	sneaky price action right now	13:48
	Long ES @ 799.75 -> small size	13:49
<+szubaark>	so far they hammering any rally attempt
<@NihabaAshi>	2 only
	:(
<MK>	Long ES @ 791.25 -> Add «« paper »»
<+MK>	Long ES @ 800.75 -> Add «« paper »»
<@NihabaAshi>	Exited all ES Long @ 799.25 --> - 0.5
<+MK>	Long ES @ 801 -> Add «« paper »»
<@NihabaAshi>	Shorts ES @ 798.50 -> medium size	13:50
	3 only
	Prior trade was a trade error
	cost me a great entry
<+silo>	Shorts YM @ 7953
	Covered 1/2 YM Short @ 7956 --> - 3	13:51
	Covered Remainder YM Short @ 7967 --> - 14	13:52
<+szubaark>	Volatility Spike
<@NihabaAshi>	Covered all ES Short @ 802.50 --> - 4
<rickf>	hi all - just checking in for a while	13:53
<+szubaark>	hi rick, another day in the salt mine
<+rickf>	lol a week i think i'm glad i've had other things to do than trade -- very wishy washy
<+Nesi>	Long ES @ 802.00 «« paper »»	13:54
<+szubaark>	Sneaky Price Action still	13:55
<@NihabaAshi>	Not often we can say its a 4 point tight trading range :)	13:56
	since 1:45pm
	Actually more like a 5 - 7 point tight trading range :)
<+rickf>	had some tight ranges and creeper trends this past few days	13:57
	riding those creepers would have been nice, but it was a s-l-o-w creep
<+szubaark>	we getting tight range after tight range today	13:58
<+Nesi>	Long ES @ 803.00 -> Add «« paper »»	13:59
<@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>	tightening stop	14:00
<+rickf>	jeez the ES is where the ER was when I first got into futures last year	14:01
<+szubaark>	Exited all Long ES at 797 --> - 1.5 «« paper »»	14:03
	uh huh
	Shorts ES @ 796 «« paper »»	14:04
	hopefully we pick a direction soon and Volatility picks up, im falling asleep	14:06
<@NihabaAshi>	oh oh	14:09
	Shorts ES @ 792.50 -> medium size
	5 only
<+Nesi>	Long ES @ 793.50 -> Add «« paper »»	14:10
<+szubaark>	market doesnt want to play nice right now	14:11
<+silo>	that's why you should hide in the corner and ambush it later
	hopefully take all its lunch money	14:12
<@NihabaAshi>	Covered all ES Short @ 795.25 --> - 2.75	14:13
<+szubaark>	BRUTAL action
<@NihabaAshi>	Gotta take the losses with the winners or don't play the game	14:14
	Shorts ES @ 794.00 -> medium size	14:15
	5 only
<+szubaark>	tightening stop
<@NihabaAshi>	It's trying to find another 5 - 7 point range :(	14:16
	I now realize I'm at the bottom of a potential range :(	14:17
	Covered all ES Short @ 793.00 --> + 1
	Support broken	14:18
<+szubaark>	hopefully GOOD Volatility shows up
<@NihabaAshi>	Shorts ES @ 791.00 -> large size
	9 only
	If this doesn't hit 787.00	14:19
	I'll be very surprised
	:(	14:20
<+szubaark>	exit stop set ES @ 795.50 «« paper »»	14:21
	im giving this more then enough room	14:22
	but still somehow comes back and gets me LOL
<+silo>	surprise!! hehe :)
	just kidding
	couldn't resist
<+szubaark>	Ill take a break after this trade	14:23
<@NihabaAshi>	nothing...targets not reached	14:24
<+szubaark>	exit stop set ES @ 793.25 «« paper »»	14:25
<@NihabaAshi>	Covered all ES Short @ 790.00 --> + 1
<+szubaark>	i would like 785 to get tested	14:26
<@NihabaAshi>	new range forming and they are getting tighter and tighter
<+szubaark>	This is where walking away and setting up Alerts comes in handy	14:27
	c'mon 785	14:28
<+silo>	told you szu... now is the time to hide around the corner and ambush the market for lunch money later
<@NihabaAshi>	Shorts ES @ 787.25 -> large size
	6 only
<+silo>	grab it by its collar and shake it against the wall until you hear coin drops on the floor :D
<+szubaark>	well, Im Profitible on this trade, its just CRAWLING in my direction, not RUNNING like i want it to	14:29
	tightening stop	14:30
<@NihabaAshi>	Covered all ES Short @ 788.50 --> - 1.25	14:32
<@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.	14:33
<@NihabaAshi>	Shorts ES @ 786.00 -> large size	14:34
	6 only
<+szubaark>	Broke Support here
	tightening stop	14:35
<@NihabaAshi>	These support levels aren't holding too well as they convert to a resistance level
	I have a few losses in here and I've been shorting :(	14:36
<+szubaark>	Covered all Short ES at 789.25 --> + 6.75 «« paper »»	14:37
<@NihabaAshi>	Covered all ES Short @ 789.50 --> - 3.5	14:38
	4 short down from the 798 level	14:39
	4 losers and 2 winners
	Good example of getting losses when the trade direction is correct
	Here we go again	14:41
<+szubaark>	well, retail average stop is 2-4 Points, this downward channel takes care of that	14:42
	meaning, the up/down movement will get those Stops as we gring lower	14:43
<+pdays>	Long YM @ 7893	14:44
	Exited all YM Long @ 7927 --> + 34	14:45
<@NihabaAshi>	Sometimes it's scandalous	14:46
	Ran it up nicely on the counter-thrust than pull the rug	14:47
	Another 5 - 7 point range again
<+szubaark>	good lesson in not trying to predict next move but trading whats in front
	easier said then doen, i know
	Shorts ES @ 782.75 «« paper »»	14:48
<@NihabaAshi>	Hammering out another support level
	If it breaks...
	Long ES @ 783.75 -> large size	14:49
	6 only
	Exited all ES Long @ 786.00 --> + 2.25	14:51
<+silo>	we should get a BIG move soon	14:53
	up OR down	14:54
	get ready
	approaching 3 to
	too
<+szubaark>	that last runup we had still confusing everyone
<@NihabaAshi>	Shorts ES @ 792.75 -> large size
	9 only
<+szubaark>	Last line of Defense here
	Intraday lows next	14:55
<kosmipt>	the volume is too small on that selloff from the highs
<+szubaark>	kosmipt, sorry i dont watch Volume
<@NihabaAshi>	correction	14:56
	Shorts ES @ 782.75 -> large size
<+silo>	Shorts YM @ 7841	14:57
	2
	Covered 1/2 YM Short @ 7812 --> + 29	14:58
<@NihabaAshi>	Covered all ES Short @ 778.75 --> + 4
<+szubaark>	774.50 is my Last Support area
<+silo>	exit stop set YM @ 7841	14:59
<@NihabaAshi>	I'm still paying commissions only via the last few trades in comparison to my morning trades
<+silo>	Covered Remainder YM Short @ 7841 --> 0
<@NihabaAshi>	Right back to +170 again	15:00
<+kosmipt>	NIha I've read that you go lighter in the afternoon, now you're doing large size though
<+szubaark>	just popped it out of nowehere LOL
	Covered all Short ES at 786.50 --> - 3.75 «« paper »»
	Buys ES @ 788.50 «« paper »»	15:02
<+silo>	+170 pts?
<+szubaark>	Exited all Long ES at 780.50 --> - 8 «« paper »»	15:05
	Shorts ES @ 780 «« paper »»
	that was SNEAKY
<@NihabaAshi>	geeesh
	That's the type of move your jumping up and down if you caught the counter-thrust back up...	15:06
	Next your kicking your dog if you held on the way back down :)
<+szubaark>	i didnt not Expect that Nasty BIG Inverted DArk Hammer Line
	that last lose definetly got the blood flowing :(	15:07
<+rickf>	interesting - every creeper trend has been a long one that starts with a whimper yet runs forever it seems....not a lot of volatility to kick off trend changes it seems	15:09
<+szubaark>	too many frikin games being played today
<+rickf>	yah
<+kosmipt>	what do you mean by games?	15:11
<+szubaark>	Stop Running up and down
	and not going anywhere
<+kosmipt>	oh, market is doing it all the time	15:12
<@NihabaAshi>	Big range today	15:14
	820.75 - 774.25
<+kosmipt>	yup, 45 es pts
<+szubaark>	yea but good luck catching points in that Range LOL	15:15
	choppy, sneaky action all day
<@NihabaAshi>	You can catch the points...the question is can you "keep the points".
<+kosmipt>	oh, just reduce the size	15:16
<@NihabaAshi>	There was a few very "strong" directional movements today...
<+MK>	heading to 775
<@NihabaAshi>	Strong retracements and lots of chop
<+rickf>	'You can catch the points...the question is can you "keep the points".' -- now there's an emini trader's mantra if i ever heard one	15:17
<@NihabaAshi>	Still plenty of time remaining for a nother directional movement
<+rickf>	here comes the eod meltdown....
<+kosmipt>	or the double bottom
<@NihabaAshi>	Shorts ES @ 777.00 -> medium size	15:18
	4 only
	Lets see if they are going to buy the bottom
	774.25 is my target...the bottom	15:19
<+kosmipt>	makes sense
	nice job
<+szubaark>	this is bottomless market
<@NihabaAshi>	Covered all ES Short @ 773.25 --> + 3.75
<+codehead>	mentioned 7750 waver target earlier
<+rickf>	nah, we can always hit zero
<+codehead>	next is 7700	15:20
<+rickf>	THEN i'll believe the bottom is in :(
<+codehead>	had two waves at 7750 and 7751
<+rickf>	prolly the only certainty we have today other than irrational irrationality
<@NihabaAshi>	If this thing is going to put in a big counter-thrust back upwards at this late in the trading day...
<+codehead>	so that is a reversal try target
<@NihabaAshi>	Now's the time to do it.
<+kosmipt>	770 is previous bear mkt lows on SPX
<+codehead>	bounced at 7750 on the button	15:22
	good for 50 anyway	15:23
	retest and bounce again
<+rickf>	bang	15:24
<+MK>	now nq has to test its low
<+codehead>	7699 is next wave target, and is a fib extension
<+szubaark>	tightening stop	15:25
<+MK>	should bounce about now	15:26
<@NihabaAshi>	Hindsight it's easy to say now to SELL the small 4 point counter-thrust rallies after 2pm est	15:27
	Shorting the support breaks was tough today
	support right now	15:28
<+szubaark>	Covered all Short ES at 773.75 --> + 6.25 «« paper »»	15:30
	another Stop running bounce	15:31
<+MK>	Long ES @ 775 -> Add «« paper »»
<+rickf>	vn szu	15:32
<+szubaark>	thanks, still down for day
<+werner>	sox is green....
	smh	15:33
<+szubaark>	i got Whipsawed HUGE on a Inverted Dark Hammer Candle (in hindsight now)
<+silo>	Shorts YM @ 7752	15:34
	2
<+rickf>	below 770 lookout below?
<+szubaark>	Shorts ES @ 771 «« paper »»	15:35
<+silo>	:D
	hello szu!
	:DS
	hehe
	ts freezing
	wtf
	Covered 1/2 YM Short @ 7703 --> + 49	15:36
<+rickf>	ahh.....sorry i asked :(
<@NihabaAshi>	szu...like I said...easy to get the points...
	The issue is will you bank them.
<+rickf>	does anyone here just shut down when they hit their profits for the day?
	sicne we're talking about keeping our points	15:37
<@NihabaAshi>	rickf...depends upon how the goal was reached.
<+silo>	exit stop set YM @ 7760
<@NihabaAshi>	For example...
	If my goal was reached on poor trading...
	I'll shut down
	If not...I'll continue.
<+rickf>	fair 'nuff
	i just think about avoiding temptation when i've hit my target	15:38
	gotten much better recently i must admit
	GE below 13 yow
	VIX 78
<@NihabaAshi>	Shorts ES @ 767.00 -> medium size	15:39
	4 only
	geeesh
<+kosmipt>	last minute flush
<@NihabaAshi>	big toilet flushing
<+silo>	Covered Remainder YM Short @ 7649 --> + 103
<@NihabaAshi>	wasn't expecting that
<+kosmipt>	niiiiice
	new lows on citigroup	15:40
<+silo>	3x daily profit reached
	done for the day
<@NihabaAshi>	Covered all ES Short @ 759.25 --> + 7.75	15:41
<+rickf>	vn
<@NihabaAshi>	I usually don't trade this late in the trading due due to family...
	Nice to be able to trade until the close	15:42
<+szubaark>	tightening stop
	Nice trading Niha.	15:43
<@NihabaAshi>	[15:17] <@NihabaAshi> Still plenty of time remaining for a nother directional movement
	:)
	However, I was leaning for a stronger counter-thrust off the lows and then a big time drop	15:44
	Instead, counter-thrust was weak and the drop was very quick and sudden	15:45
<+szubaark>	My target will be 741 on this Short OR will Trail until Stopped out
<+rickf>	setting up for a buy into the close? heads say yes tails say no	15:46
<+szubaark>	Covered all Short ES at 761.75 --> + 9.25 «« paper »»
<+rickf>	wtg szu
<+silo>	missed my bottom pick
	damn it
<+szubaark>	thankx
<+MK>	Long ES @ 761 -> Add «« paper »»	15:47
<+kosmipt>	long ES 761 paper	15:48
<+szubaark>	big bounce here
<@NihabaAshi>	766.00 nice target for any Longs	15:49
<+silo>	just shut down my platform
	have a good one guys
<+rickf>	cya	15:50
	hrm headfake
<+kosmipt>	exited all ES 756 -5.00 paper
<@NihabaAshi>	Long ES @ 755.00 -> small size
	2 only
<+kosmipt>	short ES 755 paper
<@NihabaAshi>	oh oh :(	15:51
<+szubaark>	Shorts ES @ 753.50 «« paper »»
<@NihabaAshi>	Exited all ES Long @ 755.25 --> + 0.25	15:52
	Another support level formed
<+rickf>	*this* is what szu meant about games	15:53
	from 1545 to now
<@NihabaAshi>	the games only appear when the volatility is declining
<+rickf>	yes, true
<+szubaark>	Covered all Short ES at 750.50 --> + 3 «« paper »»	15:54
	good, ended Positive today
<+kosmipt>	exited all ES 748 +7.00 paper
<+rickf>	green is best :)	15:55
<@NihabaAshi>	Shorts ES @ 748.50 -> small size
	1 only
<+szubaark>	I had earlier Stop out that i took Personal
<+kosmipt>	lets see if they just kill it into the close
<+szubaark>	will review that Sneaky Price Action that caught be off guard
<+kosmipt>	just hold your shorts dude	15:56
<+szubaark>	lol
<@NihabaAshi>	Covered ES Short @ 746.00 --> + 2.5
<+codehead>	long YM paper 7500	15:57
	small
	have a bounce target 7607, not sure if it'll get there	15:58
<@NihabaAshi>	Long ES @ 751.50 -> small size	15:59
	1 only
	Exited ES Long @ 753.25 --> + 1.75	16:00
	Shorts ES @ 751.75 -> small size	16:01
<+codehead>	exit YM +48 <paper>	16:02
<@NihabaAshi>	1 only
<+rickf>	gn all - see you tomorrow	16:03
<+codehead>	long YM 7530 <paper>	16:04
	only because DELL beat
	exit YM +14 <paper>	16:05
	lunch time
<@NihabaAshi>	no fill :(	16:07
	Covered ES Short @ 748.75 --> + 3
	took a second time at the price level to get the fill :(
* NihabaAshi	is now known as NihabaAshi_away	16:16
<@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.	16:36
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