#FuturesTrades December 1st 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. 

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 Dec 01 09:24:09 2008 Session Ident: #futurestrades [09:24] * Now talking in #futurestrades [09:24] <@X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm [09:24] <kosmipt> gm [09:24] <ItalianSharp> morning all [09:29] * silo[zZ] is now known as silo [09:30] <silo> morning [09:32] <tomis170> hi [09:32] <werner> gm all [09:33] <drt> gm all [09:34] <@NihabaAshi> 0,4 Shorts ES @ 866.75 -> large size  [09:34] <@NihabaAshi> 6 only [09:34] <@NihabaAshi> what was that ? [09:34] <T-stop> fast [09:34] <@NihabaAshi> I know the market is negative out of the gate with the Euro news but not that negative. [09:35] <+T-stop> nice entry [09:41] <Bambam-77> 64 for 56 pos [09:41] <@NihabaAshi> 0,2 Covered all ES Short @ 59.25 --> + 807.5  [09:41] <+Bambam-77> 56 for 48 if we really start to drop [09:41] <@NihabaAshi> correction [09:41] <+silo> 0,3 Long YM @ 8522  [09:41] <@NihabaAshi> 0,2 Covered all ES Short @ 859.25 --> + 7.5  [09:42] <+silo> 0,3 Long YM @ 8531 -> Add  [09:44] <+silo> 0,2 Exited all YM Long @ 8531 --> + 9  [09:45] <+silo> no chance for a bounce [09:49] <kosmipt> . [09:50] <szubaark> we got some 10am news coming up [09:50] <+kosmipt> yup, ism mfg and construction spending [09:51] <+Bambam-77> 56 done [09:51] <+Bambam-77> 48 confirmed below 52 [09:55] <+Bambam-77> ss add 54 1pt stp on add [09:56] <+Bambam-77> swing stp is 858 [09:56] <+Bambam-77> will tray add at 56 [09:57] <+Bambam-77> aa 56.25 [09:58] <+silo> just watching south park at the moment lol [09:58] <+Bambam-77> t1 away on add 53.75 [09:59] <+kosmipt> watch for the report [09:59] <+Bambam-77> come on 48 [09:59] <+kosmipt> crazy price action at these levels [10:00] <+ItalianSharp> ugly report [10:00] <+Bambam-77> now lets get below 52 [10:00] <+ItalianSharp> we'll probably rally from here or retrace [10:02] <@NihabaAshi> 0,4 Shorts ES @ 855.00 -> medium size  [10:02] <@NihabaAshi> 4 only [10:02] <+Bambam-77> open range is in 870.75 x 52.5 [10:03] <@NihabaAshi> 0,2 Covered all ES Short @ 855.00 --> 0  [10:04] <@NihabaAshi> Had problems trying to exit around 854.00 :9 [10:04] <+Bambam-77> long trigger above 859 [10:07] <+Bambam-77> 48 come soon if 52.75 does not hold [10:10] <+szubaark> 0,3 Buys ES @ 855.75 4,0 «« paper »»  [10:12] <+Bambam-77> ss 54.75 [10:12] <+Bambam-77> 55.75 stp [10:12] <+Bambam-77> flat [10:13] <+szubaark> Tightening Stop [10:13] <+Bambam-77> still using 859 area as swing ss stp [10:14] <+szubaark> 0,2 Exited all Long ES at 853.50 --> - 2.25 4,0 «« paper »»  [10:15] <+szubaark> 0,4 Shorts ES @ 853.50 4,0 «« paper »»  [10:16] <+silo> 0,4 Shorts YM @ 8487  [10:16] <+silo> 2 [10:17] <estrader1> s56 [10:18] <+estrader1> out 1/2 55 +1 [10:18] <+Bambam-77> usinf 53.5 as anchore for longs else ss below [10:19] <+silo> 0,2 Covered 1/2 YM Short @ 8463 --> + 24  [10:20] <+Bambam-77> 1 min left b 53.5 [10:20] <+estrader1> out rest 53 +3 [10:20] <+estrader1> 53 supp [10:20] <+Bambam-77> 52.5 stp [10:21] <+estrader1> but momo still down [10:21] <+Bambam-77> y [10:22] <+Bambam-77> ss swing account long scalp [10:22] <+silo> 0,6 exit stop set YM @ 8487  [10:22] <+silo> at breakeven for remaining half [10:22] <jbuch> south park is starting to sound pretty good:) [10:23] <+Bambam-77> 30 sec left [10:24] <+Bambam-77> want 56 for scalp [10:25] <+Bambam-77> scalp toast flat b/e [10:26] <+Bambam-77> protecting ss now stp set at 54.5 want 48 we are slowing decent [10:29] <+Bambam-77> need to stay below 52 [10:29] <+Bambam-77> for 48 [10:29] <+szubaark> 0,6 exit stop moved to breakeven ES @ 853.50 4,0 «« paper »»  [10:31] <+Bambam-77> trend still down for now [10:31] <+Bambam-77> 48 come on below 48 look for 841 [10:32] <+Bambam-77> 48 done [10:32] <+silo> 0,2 Covered Remainder YM Short @ 8427 --> + 60  [10:33] <+tomis170> 0,4 Shorts ES @ 850 4,0 «« paper »»  [10:33] <+Bambam-77> now we bounce to 852 pos [10:34] <+Bambam-77> ss 51.75 [10:35] <+szubaark> Tightening Stop [10:35] <+T-stop> obama on @ 10:40 [10:35] <+T-stop> fwiw [10:35] <+Bambam-77> 54 is my swing stp [10:36] <+szubaark> 0,2 Covered all Short ES at 852 --> + 1.5 4,0 «« paper »»  [10:37] <+szubaark> 0,3 Buys ES @ 852.25 4,0 «« paper »»  [10:37] <+estrader1> S52 [10:37] <+Bambam-77> 52.75 stp for add [10:38] <+estrader1> OUT 1/2 51 +1 [10:39] <+Bambam-77> t1 off at 50.5 [10:40] <+szubaark> 0,2 Exited all Long ES at 849.75 --> - 2.5 4,0 «« paper »»  [10:40] <+szubaark> 0,4 Shorts ES @ 849.75 4,0 «« paper »»  [10:40] <+Bambam-77> scalp flat at 51.50 [10:41] <+Bambam-77> protecting swing [10:41] <+estrader1> out rest b/e 52 [10:41] <+Bambam-77> 54 stp still [10:41] <+szubaark> 0,2 Covered all Short ES at 852.75 --> - 3 4,0 «« paper »»  [10:41] <+szubaark> 0,3 Buys ES @ 852.75 4,0 «« paper »»  [10:42] <+szubaark> ( [10:42] <+Bambam-77> 30 min bar say 52.75 area stp now [10:42] <+szubaark> Weird price Action [10:43] <+T-stop> obama on now,fwiw [10:43] <+kosmipt> obama speech [10:43] <+Bambam-77> close above 51.75 could trigger long [10:43] <+Bambam-77> 15 min left [10:45] <+Bambam-77> flat swing [10:50] <szubaark_away> Volatility is Dead [10:50] * szubaark_away is now known as szubaark [10:52] <+szubaark> 0,2 Exited all Long ES at 850.25 --> - 2.5 4,0 «« paper »»  [10:52] <+szubaark> 0,4 Shorts ES @ 850.25 4,0 «« paper »»  [10:54] <+Bambam-77> above 49.75 pos long [10:55] <+Bambam-77> 52 for 56 [10:56] <+szubaark> 840 NEXT [10:58] <+silo> if volatility is dead, dont trade so much [10:58] <+szubaark> its picking up now ) [10:58] <+silo> 'cuz based on human psychology, we will not be satisfied with just 1pt in es, so you hold for longer, and then it reverses on you becaseu of the dead volatility you mentioned [11:00] <@NihabaAshi> 0,4 Shorts ES @ 847.50 -> large size  [11:00] <+szubaark> c'mom 840 [11:00] <@NihabaAshi> 6 only [11:00] <+Bambam-77> ok trgt looks like 834.25 pos [11:04] <@NihabaAshi> 0,2 Covered all ES Short @ 846.50 --> + 1  [11:07] <@NihabaAshi> 0,4 Shorts ES @ 846.25 -> small size  [11:07] <@NihabaAshi> 3 only [11:08] <+szubaark> Turning into a Creeper ( [11:08] <+Bambam-77> 44.5 for 41 [11:08] <@NihabaAshi> 0,2 Covered all ES Short @ 846.00 --> + 0.25  [11:09] <+ItalianSharp> we've been falling on declining volatility...something smells like rotten fish about this creeping downtrend [11:09] <+Bambam-77> 87.5 stp for swing [11:09] <@NihabaAshi> 0,4 Shorts ES @ 845.25 -> medium size  [11:09] <+Bambam-77> 847.5 [11:09] <@NihabaAshi> 4 only [11:09] <+szubaark> they just dont want anyone in on it [11:09] <+ItalianSharp> it's either a selloff ahead of bernie or whatever [11:10] <+szubaark> Tightening Stop [11:10] <+Bambam-77> 44.5 break come on 41 waiting for you [11:11] <+Bambam-77> bounce to 848 pos [11:11] <@NihabaAshi> 0,2 Covered all ES Short @ 846.00 --> - 0.75  [11:13] <+Bambam-77> addg to ss at 47.25 48.25 stp [11:13] <+tomis170> 0,2 Covered all ES Short @ 847.25 --> + 2.75 4,0 «« paper »»  [11:15] <+Bambam-77> 48 scalp done ss add flat [11:17] <+Bambam-77> b 47.25 [11:17] <+Bambam-77> 46.25 stp [11:18] <+szubaark> all these are Dead Cat bounces [11:18] <+kosmipt> short ES 849 paper [11:24] <@NihabaAshi> 0,4 Shorts ES @ 847.75 -> medium size  [11:24] <@NihabaAshi> 4 only [11:24] <@X> 1,4 #FuturesTrades Info -> 1,0 Some members (including me) explain basic details about their trades posted in #FuturesTrades @ http://thestrategylab.com/forum/index.php?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] <+kosmipt> covered 1/2 ES 847 +2 paper [11:26] <+T-stop> obama done [11:28] <@NihabaAshi> 0,2 Covered all ES Short @ 847.50 --> + 0.25  [11:28] <@NihabaAshi> 0,4 Shorts ES @ 846.75 -> medium size  [11:28] <@NihabaAshi> correction [11:29] <@NihabaAshi> small only [11:29] <@NihabaAshi> 3 contracts [11:29] <+szubaark> C'mon 840 [11:30] <@NihabaAshi> 0,2 Covered all ES Short @ 845.75 --> + 1  [11:34] <+szubaark> 0,2 Covered all Short ES at 848.25 --> + 2 4,0 «« paper »»  [11:35] <+szubaark> 0,3 Buys ES @ 848.50 4,0 «« paper »»  [11:35] <+kosmipt> out remainder short ES 849 +0 paper [11:39] <pdays> 0,3 Long ES @ 848.0  [11:39] <+pdays> 0,2 Exited all ES Long @ 849.0 --> + 1  [11:44] <@NihabaAshi> 0,4 Shorts ES @ 849.50 -> small size  [11:44] <@NihabaAshi> 2 only [11:45] <+szubaark> 0,6 exit stop moved to breakeven ES @ 848.50 4,0 «« paper »»  [11:46] <+szubaark> 0,6 exit stop set ES @ 849 4,0 «« paper »»  [11:47] <+szubaark> 0,2 Exited all Long ES at 849 --> + 0.5 4,0 «« paper »»  [11:47] <+szubaark> 0,4 Shorts ES @ 849 4,0 «« paper »»  [11:48] <@NihabaAshi> 0,2 Covered all ES Short @ 850.25 --> - 0.75  [11:50] <+szubaark> Tightening Stop [11:52] <@NihabaAshi> 0,4 Shorts ES @ 847.75 -> medium size  [11:53] <@NihabaAshi> 4 only [11:53] <@NihabaAshi> trade error [11:55] <@NihabaAshi> 0,2 Covered all ES Short @ 848.25 --> - 0.5  [11:55] <+szubaark> 0,6 exit stop set ES @ 850.50 4,0 «« paper »»  [11:57] <@NihabaAshi> 0,3 Long ES @ 849.50 -> medium size  [11:57] <@NihabaAshi> 4 only [11:58] <+jbuch> 0,3 Long ES @ 849 4,0 «« paper »»  [11:59] <+szubaark> Sneaky action here [11:59] <MK> 0,2 Covered all ES Short @ 849.75 --> + 43 4,0 «« paper »»  [12:00] <@NihabaAshi> 0,2 Exited all ES Long @ 848.00 --> - 1.5  [12:00] <+szubaark> C'mon 840 [12:00] <@NihabaAshi> 0,4 Shorts ES @ 847.25 -> large size  [12:00] <@NihabaAshi> 9 only [12:01] <@NihabaAshi> increasing volatility [12:01] <+jbuch> 0,2 Exited all ES Long @ 847.75 --> - 1.25 4,0 «« paper »»  [12:05] <@NihabaAshi> 0,2 Covered all ES Short @ 846.25 --> + 1  [12:05] <+szubaark> Weak Support Area [12:07] <+szubaark> 0,2 Covered all Short ES at 848.75 --> + 0.25 4,0 «« paper »»  [12:07] <+szubaark> 0,3 Buys ES @ 849 4,0 «« paper »»  [12:09] <+szubaark> 0,2 Exited all Long ES at 847 --> - 2 4,0 «« paper »»  [12:09] <+szubaark> 0,4 Shorts ES @ 847 4,0 «« paper »»  [12:09] <+szubaark> lots of fakeouts today [12:11] <+szubaark> geezzzzz [12:11] <+szubaark> 0,2 Covered all Short ES at 849.50 --> - 2.5 4,0 «« paper »»  [12:11] <+szubaark> 0,3 Buys ES @ 849.50 4,0 «« paper »»  [12:13] <+estrader1> S49 [12:16] <+estrader1> OUT 1/2 48 +1 [12:16] <+szubaark> 0,2 Exited all Long ES at 847.50 --> - 2 4,0 «« paper »»  [12:16] <+szubaark> gezzz [12:16] <+szubaark> 0,4 Shorts ES @ 847.50 4,0 «« paper »»  [12:17] <+szubaark> that was Sneaky action ( [12:17] <+silo> dont play every up and down moves [12:17] <+estrader1> out rest 47 +2 [12:19] <+estrader1> long 46 [12:25] <+jbuch> 0,4 Shorts ES @ 844.25 4,0 «« paper »»  [12:25] <+estrader1> out 44-2 [12:27] <+jbuch> 0,2 Covered all ES Short @ 842 --> + 2.25 4,0 «« paper »»  [12:27] <+MK> 0,3 Long ES @ 842 4,0 «« paper »»  [12:27] <+estrader1> long 42.5 [12:34] <+szubaark> 0,2 Covered all Short ES at 843.50 --> + 4 4,0 «« paper »»  [12:35] <+jbuch> 0,3 Long ES @ 843.25 4,0 «« paper »»  [12:36] <+jbuch> 0,2 Exited all ES Long @ 843.75 --> + 0.5 4,0 «« paper »»  [12:37] <+jbuch> correction exit at 843.5 [12:37] <+estrader1> woulg love to see 53 [12:38] <+szubaark> 0,4 Shorts ES @ 841 4,0 «« paper »»  [12:41] <+silo> 0,4 Shorts YM @ 8389  [12:44] <+silo> 0,2 Covered all YM Short @ 8393 --> - 4  [12:45] <codehead> long YM 8381 <paper> [12:46] <+codehead> exit half YM +18 <paper> [12:46] <+codehead> stop on remainder 8369 <paper> [12:46] <+estrader1> 1/2 43.5 +1 [12:48] <+codehead> exit YM +8 remainder <paper> [12:50] <+silo> 0,4 Shorts YM @ 8386  [12:51] <+codehead> 8299 YM is .382 pullback of the bounce from mkt low to last week high [12:51] <+Bambam-77> we want 34 area [12:52] <+silo> 0,6 exit stop set YM @ 8396  [12:53] <+Bambam-77> trend day so far [12:53] <+Bambam-77> 30 min rule rocks [12:53] <+silo> 0,2 Covered 1/2 YM Short @ 8360 --> + 26  [12:54] <+szubaark> yes its Obvious trend day, BUT its a whole different thing trading it for Profit LOL [12:55] <+szubaark> 0,2 Covered all Short ES at 841 --> 0 4,0 «« paper »»  [12:55] <+szubaark> too frikin TIGHT [12:55] <+Bambam-77> pos bounce to 42.75 pos [12:55] <+codehead> hm, if this straightens out in a bit, could make a vegas [12:56] <+silo> 0,6 exit stop set YM @ 8678  [12:56] <+codehead> i see people nibbling in aapl a bit, often a sign that there are bargain hunters out there, so so bounce possible [12:58] <+silo> wheeew [12:58] <+silo> almost got picked [12:58] <+silo> [12:58] <+silo> hhaa [12:58] <+silo> ALMOST market... you almost got me [13:01] <+silo> 0,2 Covered Remainder YM Short @ 8378 --> + 8  [13:01] <+szubaark> 0,3 Buys ES @ 841.75 4,0 «« paper »»  [13:05] <+codehead> long YM 8382 small <paper> [13:05] <+codehead> vegas [13:08] <+codehead> exit Ym -4 <paper> [13:08] <+codehead> still viable, but potnetial zlr trigger on 3 min [13:09] <+codehead> long YM 8382 <paper> small again [13:11] <+estrader1> come on 53 [13:11] <+codehead> exit YM +16 <paper> [13:13] <+szubaark> 0,2 Exited all Long ES at 845.50 --> + 3.75 4,0 «« paper »»  [13:13] <+estrader1> out more 45.5 +3 [13:29] <+silo> 0,3 Long YM @ 8393  [13:30] <+szubaark> 0,3 Buys ES @ 844.50 4,0 «« paper »»  [13:30] <+silo> 0,2 Exited 1/2 YM Long @ 8413 --> + 20  [13:30] <@X> 1,4 #FuturesTrades Info -> 1,0 Some members (including me) explain basic details about their trades posted in #FuturesTrades @ http://thestrategylab.com/forum/index.php?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. [13:31] <+MK> 0,2 Exited all ES Long @ 846.5 --> + 4.5 4,0 «« paper »»  [13:31] <+szubaark> 0,2 Exited all Long ES at 846.25 --> + 1.75 4,0 «« paper »»  [13:32] <+silo> 0,6 exit stop set YM @ 8493  [13:32] <+silo> breakeven on remaining [13:35] <+ItalianSharp> has bernie started his speech yet? [13:35] <+szubaark> bernie still alive? [13:35] <+estrader1> out rest 47.5 +5 [13:36] <+estrader1> done for the day 3xs daily [13:36] <+szubaark> nice es [13:37] <+estrader1> ,,,ty [13:37] <+silo> 0,2 Exited Remainder YM Long @ 8415 --> + 22  [13:37] <+silo> daiyl profit target reached [13:37] <+szubaark> nice [13:38] <+szubaark> 0,4 Shorts ES @ 845 4,0 «« paper »»  [13:41] <+jbuch> bernie in 4 min [13:42] <@NihabaAshi> 0,4 Shorts ES @ 844.75 -> medium size  [13:42] <@NihabaAshi> 5 only [13:43] <+silo> obama buy, bernanke short [13:43] <+silo> [13:43] <@NihabaAshi> 0,2 Covered ES Short @ 843.75 --> + 1  [13:43] <@NihabaAshi> Holding 1 contract only [13:44] <@NihabaAshi> 0,2 Covered Remainder ES Short @ 844.75 --> 0  [13:45] <+ItalianSharp> here comes bernie to save the bears [13:45] <+ItalianSharp> [13:45] <+szubaark> 0,2 Covered all Short ES at 844.75 --> + 0.25 4,0 «« paper »»  [13:46] <+szubaark> 0,4 Shorts ES @ 840.75 4,0 «« paper »»  [13:46] <+szubaark> the shakeouts continue [13:48] <+MK> 0,3 Long ES @ 841.5 4,0 «« paper »»  [13:56] <+Bambam-77> b 40 39 stp [13:57] <+szubaark> uhu huh [13:58] <+Bambam-77> t1 away +2.25 [13:58] <+Bambam-77> stp now 40.5 [13:59] <+szubaark> 2pm, big boys should be back from Lunch [14:04] <+Bambam-77> any close below 40.75 we heading to 34 area [14:04] <+Bambam-77> else we headed back up [14:06] <+Bambam-77> 10 min left [14:06] <+jbuch> nothing says confidence like a sell off [14:07] <+szubaark> 0,2 Covered all Short ES at 840.75 --> 0 4,0 «« paper »»  [14:07] <+szubaark> 'taking too frikin Long here [14:07] <+Bambam-77> b 40.75 [14:07] <+MK> 0,2 Exited all ES Long @ 838.5 --> - 3 4,0 «« paper »»  [14:08] <+Bambam-77> 39.75 stp [14:08] <+Bambam-77> t1 away [14:08] <+Bambam-77> 43.25 [14:09] <+Bambam-77> stp 41 [14:09] <+szubaark> 0,3 Buys ES @ 843.25 4,0 «« paper »»  [14:09] <+Bambam-77> 6 min left [14:10] <+Bambam-77> 41 to 48 would be nice [14:11] <+Bambam-77> so far not co op [14:11] <+Bambam-77> flat long [14:12] <+Bambam-77> 41 [14:13] <+szubaark> Pop could be good [14:13] <@NihabaAshi> 0,3 Long ES @ 843.50 -> small size  [14:13] <@NihabaAshi> 3 only [14:13] <+Bambam-77> b 43 [14:13] <+Bambam-77> 42 stp [14:14] <+Bambam-77> chop chop [14:14] <@NihabaAshi> 0,2 Exited all ES Long @ 843.00 --> - 0.5  [14:15] <+szubaark> 0,2 Exited all Long ES at 842 --> - 1.25 4,0 «« paper »»  [14:15] <+szubaark> not going anywhere fast [14:17] <+MK> 0,4 Shorts ES @ 840.5 4,0 «« paper »»  [14:18] <+szubaark> 0,4 Shorts ES @ 839 4,0 «« paper »»  [14:19] <+Bambam-77> 34 in our sites now [14:20] <+jbuch> 0,3 Long ES @ 838 4,0 «« paper »»  [14:20] <+jbuch> 0,2 Exited all ES Long @ 839 5 --> + 839 5 - 838 4,0 «« paper »»  [14:23] <+szubaark> 0,2 Covered all Short ES at 840 --> - 1 4,0 «« paper »»  [14:24] <+szubaark> 0,3 Buys ES @ 842.25 4,0 «« paper »»  [14:24] <+szubaark> trying Long again [14:24] <+Bambam-77> b 40.75 [14:25] <+Bambam-77> 40.75 ssup res area [14:25] <+szubaark> Shorts should be getting little concerned with this action [14:25] <+Bambam-77> y [14:26] <+Bambam-77> tested 3 times in 45 min [14:27] <+Bambam-77> each time we cloed above protect longs scalps for now [14:27] <+Bambam-77> 2 min left [14:28] <+Bambam-77> if we fail to close this bar above longs weak [14:29] <+szubaark> Shorts not strong either [14:29] <+Bambam-77> protect above 40.75 [14:29] <+szubaark> its anybodys round right now [14:31] <+Bambam-77> 43.25 close above confirm longs else we short [14:32] <+szubaark> geez, took long enough for this pop [14:32] <+Bambam-77> sa sweet [14:32] <+Bambam-77> about time [14:33] <+Bambam-77> 45 min of leading the boad [14:33] <+Bambam-77> boat [14:33] <+Bambam-77> bull flag launch [14:34] <+Bambam-77> 41 to 48 [14:34] <+Bambam-77> 42.25 rtrc pos [14:35] <+Bambam-77> addg at 42.75 [14:36] <+jbuch> 0,3 Long ES @ 843.5 4,0 «« paper »»  [14:36] <+Bambam-77> stp at 43.25 [14:36] <+szubaark> 0,2 Exited all Long ES at 842.25 --> 0 4,0 «« paper »»  [14:37] <+Bambam-77> stp busters drats [14:37] <+Bambam-77> b 42.75 [14:38] <+jbuch> 0,2 Exited all ES Long @ 844 --> + 0.5 4,0 «« paper »»  [14:38] <+szubaark> another Whack job [14:38] <+Bambam-77> flat -.5 [14:39] <+Bambam-77> watching 40.75 like a howk [14:39] <@NihabaAshi> 0,4 Shorts ES @ 842.00 -> small size  [14:40] <@NihabaAshi> 3 only [14:41] <+Bambam-77> long will con to buy this area for the next 5 min else we headed down will try 1 more long tigt stp [14:42] <+Bambam-77> now 43.25 conf long trigger hit need close above now [14:42] <+silo> 0,3 Long YM @ 8388  [14:42] <+Bambam-77> 4 min left [14:43] <+Bambam-77> ugly chop [14:44] <+Bambam-77> looking left on our charts they protecting 40 area [14:44] <+jbuch> 0,3 Long ES @ 844.5 4,0 «« paper »»  [14:44] <@NihabaAshi> 0,2 Covered all ES Short @ 844.00 --> - 2  [14:45] <+Bambam-77> addg at 43.25 [14:45] <@NihabaAshi> 0,3 Long ES @ 843.75 -> large size  [14:45] <@NihabaAshi> 9 only [14:45] <+szubaark> 0,3 Buys ES @ 844.75 4,0 «« paper »»  [14:46] <+silo> 0,2 Exited 1/2 YM Long @ 8411 --> + 23  [14:46] <+Bambam-77> now lets throw in some mojo into the mix 41 for 48 [14:48] <@NihabaAshi> 0,2 Exited all ES Long @ 845.25 --> + 1.5  [14:49] <@NihabaAshi> 0,3 Long ES @ 845.50 -> small size  [14:49] <@NihabaAshi> 2 only [14:49] <+szubaark> 0,2 Exited all Long ES at 845 --> + 0.25 4,0 «« paper »»  [14:50] <+silo> which way is it going to go [14:50] <+Bambam-77> so far they trying to tell us up just trail and protect pos [14:51] <+MK> 0,4 Shorts ES @ 845.75 -> Add 4,0 «« paper »»  [14:51] <+kosmipt> slightly higher [14:51] <+Bambam-77> 48 for 856 [14:51] <@NihabaAshi> 0,2 Exited all ES Long @ 847.75 --> + 2.25  [14:51] <+Bambam-77> rtrc to 44.5 pos [14:51] <+silo> 0,2 Exited Remainder YM Long @ 8428 --> + 40  [14:51] <+silo> 100 bucks short of 2x [14:52] <+MK> 0,4 Shorts ES @ 848 -> Add 4,0 «« paper »»  [14:52] * NihabaAshi is now known as NihabaAshi_away [14:53] <+szubaark> 0,4 Shorts ES @ 848 4,0 «« paper »»  [14:55] <+silo> 3:00pm USD Low Impact Expected [14:55] <+silo> Treasury Sec Paulson Speaks [14:55] <+Bambam-77> want 44.5 [14:58] <+szubaark> 0,6 exit stop moved to breakeven ES @ 848 4,0 «« paper »»  [14:58] <+szubaark> i want 45 [14:58] <+szubaark> 0,2 Covered all Short ES at 845 --> + 3 4,0 «« paper »»  [14:58] <+szubaark> just Scalping until i see something clear [14:59] <+szubaark> 0,4 Shorts ES @ 842.75 4,0 «« paper »»  [15:03] <+szubaark> picture becoming clearer now after being fuzzy for a while [15:03] <+MK> 0,2 Covered all ES Short @ 841.5 --> + 5.5 4,0 «« paper »»  [15:06] <+jbuch> paulson is talking [15:06] <+szubaark> uhu huh [15:07] <+szubaark> 0,6 exit stop moved to breakeven ES @ 842.75 4,0 «« paper »»  [15:08] <+MK> 0,3 Long ES @ 841.5 4,0 «« paper »»  [15:08] <+szubaark> could get intrested here at end of day [15:08] <+MK> 0,3 Long ES @ 839.5 -> Add 4,0 «« paper »»  [15:09] <+jbuch> ya it's picking up [15:10] <+szubaark> 0,2 Covered all Short ES at 839 --> + 3.75 4,0 «« paper »»  [15:13] <+silo> done for the day [15:13] <+silo> good trading guys [15:13] <+silo> may the force be with you in this last hour [15:14] <+silo> [15:20] <+MK> 0,2 Exited ES Long @ 836.75 --> - 4.75 4,0 «« paper »»  [15:20] <+MK> 0,4 Reverse and Enter Short ES @ 836.75 4,0 «« paper »»  [15:21] <+jbuch> 0,3 Long ES @ 839 25 4,0 «« paper »»  [15:21] <+jbuch> 0,2 Exited all ES Long @ 838 5 --> + 838 5 - 839 25 4,0 «« paper »»  [15:25] <+MK> 0,2 Covered all ES Short @ 835 --> + 6.25 4,0 «« paper »»  [15:27] <+MK> +1.75 wrong calc by script [15:27] <+codehead> 8301... withn 2 ticks fo .382 retracement [15:27] <+MK> 0,3 Long ES @ 834.5 4,0 «« paper »»  [15:33] <@X> 1,4 #FuturesTrades Info -> 1,0 Some members (including me) explain basic details about their trades posted in #FuturesTrades @ http://thestrategylab.com/forum/index.php?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. [15:36] * silo[zZ] is now known as silo [15:40] <+codehead> 8254 is a target [15:40] <+codehead> might get a little support there [15:42] <+codehead> long 8254, for a try [15:42] <+codehead> paper [15:44] <+MK> 0,3 Long ES @ 826.5 -> Add 4,0 «« paper »»  [15:45] <+codehead> add 8214 <paper> [15:45] <+jbuch> damn what did paulson say [15:46] <+MK> "light is bright in here" [15:47] <+MK> 0,3 Long ES @ 823.75 -> Add 4,0 «« paper »»  [15:47] <+jbuch> :0 [15:48] <+MK> 0,3 Long ES @ 825.75 -> Add 4,0 «« paper »»  [15:55] <+MK> 0,3 Long ES @ 820.5 -> Add 4,0 «« paper »»  [15:55] <+codehead> add YM 8174 <paper> [15:55] <+codehead> 8135 is .500 [15:58] <+codehead> 8135 add (last) <paper> [15:59] <+codehead> 8208 an upside wave target [16:04] <+jbuch> Man I hate it when I sit there watching the market plummet and all I can think about is where the turn is going to occure [16:46] <+werner> gn all [17:39] <@X> 1,4 #FuturesTrades Info -> 1,0 Some members (including me) explain basic details about their trades posted in #FuturesTrades @ http://thestrategylab.com/forum/index.php?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: Mon Dec 01 19:57:28 2008
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	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)

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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

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