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| December Trade Log | Trade Strategies | WRB Analysis Tutorials | Music While Trading | Testimonials | Disclaimer |
#FuturesTrades
December 4th 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.
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 Dec 04 09:25:49 2008
Session Ident: #FuturesTrades
[09:25] * Now talking in #FuturesTrades
[09:25] <@X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
[09:27] <ItalianSharp> morning all
[09:27] <pat255> gm all
[09:27] <@NihabaAshi> Good morning all
[09:28] <jbuch> top of the morning all
[09:28] <+pat255> gm N
[09:30] <werner> gm niha
[09:33] <Nesi> 0,4 Shorts ES @ 858.00 4,0 «« Scalp »»
[09:34] <+Nesi> 0,2 Covered all ES Short @ 860.00 --> - 2 4,0 «« Scalp »»
[09:35] <+Nesi> 0,3 Long ES @ 860.00 4,0 «« Scalp »»
[09:36] <+Nesi> 0,3 Long ES @ 862.00 -> Add 4,0 «« Scalp »»
[09:40] <+Nesi> 0,2 Exited all ES Long @ 864.00 --> + 6 4,0 «« Scalp »»
[09:40] <+jbuch> 0,3 Long ES @ 862.5
[09:41] <szubaark> nice Nesi
[09:41] <+Nesi> thx
[09:42] <TraderG> gm every 1
[09:42] <+jbuch> 0,2 Exited all ES Long @ 866 --> + 3.5
[09:45] <@NihabaAshi> 0,4 Shorts ES @ 865.00 -> large size
[09:45] <@NihabaAshi> 10 only
[09:46] <@NihabaAshi> Hopefully I don't get bronco bucked off this trade...
[09:46] <+jbuch> 0,4 Shorts ES @ 864
[09:46] <@NihabaAshi> I'm expecting a big price movement
[09:47] <@NihabaAshi> 0,2 Covered all ES Short @ 867.00 --> - 2
[09:47] <+jbuch> 0,2 Covered all ES Short @ 864 --> 0
[09:48] <+jbuch> oops 866
[09:48] <@NihabaAshi> 0,4 Shorts ES @ 867.25 -> large size
[09:48] <@NihabaAshi> 10 only
[09:50] <+ItalianSharp> this is insane buying
[09:50] <+jbuch> 0,3 Long ES @ 868.75
[09:50] <@NihabaAshi> 0,2 Covered all ES Short @ 867.50 --> - 0.25
[09:50] <+ItalianSharp> i wouldnt be surprised if FED cut rates anytime soon
[09:50] <+ItalianSharp> it's been insane buying since yesterday...so something is brewing underneath
[09:51] <@NihabaAshi> 0,3 Long ES @ 868.50 -> large size
[09:51] <@NihabaAshi> 10 only
[09:52] <+jbuch> 0,2 Exited all ES Long @ 869.25 --> + 0.5
[09:54] <@NihabaAshi> 0,2 Exited all ES Long @ 869.50 --> + 1
[09:54] <@NihabaAshi> bronco bucked 3x in a roll
[09:55] <+werner>
[09:55] <+jbuch> she's jumpy this morning
[09:55] <+szubaark> 0,4 Shorts ES @ 867.25 4,0 «« paper »»
[09:55] <+Nesi> 0,4 Shorts ES @ 867.00
[09:56] <+Nesi> 0,2 Covered all ES Short @ 869.00 --> - 2
[09:57] <+szubaark> 0,2 Covered all Short ES at 870 --> - 2.75 4,0 «« paper »»
[09:57] <+Nesi> 0,3 Long ES @ 870.00
[09:58] <@NihabaAshi> volatility rising fast
[09:58] <+szubaark> 10 am Factory Orders
[09:59] <+Nesi> 0,2 Exited all ES Long @ 868.00 --> - 2
[09:59] <+szubaark> 0,4 Shorts ES @ 867 4,0 «« paper »»
[10:00] <@NihabaAshi> 0,4 Shorts ES @ 866.50 -> large size
[10:00] <@NihabaAshi> 10 only
[10:01] <@NihabaAshi> 0,2 Covered all ES Short @ 867.25 --> - 0.75
[10:02] <+szubaark> real jumpy
[10:02] <@NihabaAshi> 0,3 Long ES @ 868.25 -> large size
[10:02] <@NihabaAshi> 10 only
[10:02] <+szubaark> 0,2 Covered all Short ES at 869.75 --> - 2.75 4,0 «« paper »»
[10:02] <+szubaark> 0,3 Buys ES @ 869.75 4,0 «« paper »»
[10:02] <+jbuch> 0,3 Long ES @ 870.5
[10:03] <+jbuch> 0,2 Exited all ES Long @ 872 --> + 1.5
[10:04] <+szubaark>(
[10:04] <@NihabaAshi> If it doesn't get back above 871.50...it'll bronco buck again
[10:05] <@NihabaAshi>
[10:05] <+jbuch> 0,3 Long ES @ 870.25
[10:06] <@NihabaAshi> 0,2 Exited all ES Long @ 869.25 --> + 1
[10:07] <@NihabaAshi> bronco bucked again
[10:07] <+szubaark> 0,2 Exited all Long ES at 868.25 --> - 1.5 4,0 «« paper »»
[10:07] <@NihabaAshi> volatility declining
[10:08] <@NihabaAshi> 0,4 Shorts ES @ 866.75 -> small size
[10:08] <@NihabaAshi> 3 only
[10:08] <+jbuch> 0,2 Exited all ES Long @ 867.75 --> - 2.5
[10:08] <+szubaark> 0,4 Shorts ES @ 865.50 4,0 «« paper »»
[10:09] <+szubaark> hopefully makes up its minds which way soon
[10:09] <@NihabaAshi> 0,2 Covered all ES Short @ 865.50 --> + 1.25
[10:10] <@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.
[10:10] <@NihabaAshi> volatility rising again
[10:11] <@NihabaAshi> 0,4 Shorts ES @ 865.00 -> large size
[10:11] <@NihabaAshi> 10 only
[10:14] <+szubaark> Tightening Stop
[10:17] <@NihabaAshi> 0,2 Covered all ES Short @ 862.25 --> + 2.75
[10:17] <+szubaark> 0,2 Covered all Short ES at 863.50 --> + 2 4,0 «« paper »»
[10:18] <@NihabaAshi> should'uv done a position reversal instead of exiting out of the market
[10:18] <@NihabaAshi> First trade management error of the day
[10:18] <+jbuch> 0,3 Long ES @ 864.25
[10:19] <+jbuch> 0,2 Exited all ES Long @ 864.25 --> 0
[10:19] <@NihabaAshi> 0,3 Long ES @ 864.00 -> large size
[10:19] <@NihabaAshi> 6 only
[10:25] <silo> 0,4 Shorts YM @ 8580
[10:25] <@NihabaAshi> 0,2 Exited all ES Long @ 868.25 --> + 4.25
[10:27] <+silo> 0,2 Covered 1/2 YM Short @ 8555 --> + 25
[10:27] <+Nesi> 0,4 Shorts ES @ 866.00
[10:29] <+szubaark> 0,3 Buys ES @ 867.25 4,0 «« paper »»
[10:29] <@NihabaAshi> volatility declining fast
[10:29] <+silo> 0,6 exit stop set YM @ 8573
[10:29] <+silo> on remainder
[10:29] <+silo> 0,6 exit stop set YM @ 8567
[10:30] <+szubaark> 0,2 Exited all Long ES at 864.50 --> - 2.75 4,0 «« paper »»
[10:30] <+silo> 0,2 Covered Remainder YM Short @ 8541 --> + 39
[10:34] <+szubaark> 0,3 Buys ES @ 868.25 4,0 «« paper »»
[10:35] <+Nesi> 0,2 Covered all ES Short @ 868.00 --> - 2
[10:36] <+jbuch> 0,4 Shorts ES @ 867.75
[10:38] <+jbuch> 0,2 Covered all ES Short @ 865.75 --> + 2
[10:39] <+szubaark> Tightening Stop
[10:41] <+szubaark> 0,6 exit stop moved to breakeven ES @ 868.25 4,0 «« paper »»
[10:43] <+ItalianSharp> still a very strong market
[10:43] <+ItalianSharp> be careful with shorts
[10:43] <+ItalianSharp> this thing keeps creeping up
[10:44] <+silo> however, if we dont break high... will most likley just chop around in this range
[10:44] <+silo> 11:15am USD High Impact Expected
[10:44] <+silo> Fed Chairman Bernanke Speaks
[10:45] <szubaark> 0,2 Exited all Long ES at 868.25 --> 0 4,0 «« paper »»
[10:46] <+jbuch> 0,3 Long ES @ 870.25
[10:47] <+szubaark> 0,3 Buys ES @ 871.75 4,0 «« paper »»
[10:47] <+szubaark> got shaken out
[10:48] <+jbuch> 0,2 Exited all ES Long @ 871 --> + 0.75
[10:49] <@NihabaAshi> volatility still declining
[10:50] <@NihabaAshi> 0,4 Shorts ES @ 868.50 -> small size
[10:50] <@NihabaAshi> 2 only
[10:50] <+szubaark> 0,2 Exited all Long ES at 867.25 --> - 4.5 4,0 «« paper »»
[10:50] <+szubaark> 0,4 Shorts ES @ 867.25 4,0 «« paper »»
[10:51] <@NihabaAshi> 0,2 Covered all ES Short @ 870.00 --> - 1.5
[10:52] <+szubaark> 0,2 Covered all Short ES at 872.75 --> - 5.5 4,0 «« paper »»
[10:52] <+szubaark> Sneaky action
[10:52] <+szubaark> 0,3 Buys ES @ 872.75 4,0 «« paper »»
[10:53] <futurible> ES and NQ stopping in the long shadow 7:44 bar
[10:53] <@NihabaAshi> 0,3 Long ES @ 862.50 -> medium size
[10:53] <@NihabaAshi> 4 only
[10:53] <@NihabaAshi> volatility showed up out of nowhere again
[10:53] <+jbuch> 0,3 Long ES @ 873.25
[10:53] <+szubaark> Greedy Profit Targets due to the Stop outs
[10:54] <@NihabaAshi> 0,2 Exited all ES Long @ 863.00 --> + 0.5
[10:54] <kos> yup, revenge trading
[10:55] <+szubaark> not that, Price becoming clearer after the usual chop and fakeouts
[10:56] <+kos> other than that, i personally usually try to make back in 1 trade what i lost in 5 previous
[10:56] <+kos> that
[10:56] <+kos> 's my form of revenge
[10:57] <+szubaark> thats the Objective, to go Plus at end of day, even if means cutting corners
[10:59] <+jbuch> 0,2 Exited all ES Long @ 875.5 --> + 2.25
[11:01] <+jbuch> 0,4 Shorts ES @ 872.75
[11:04] <+jbuch> 0,2 Covered all ES Short @ 872.75 --> 0
[11:06] <+szubaark> 0,2 Exited all Long ES at 872.75 --> 0 4,0 «« paper »»
[11:06] <+szubaark> 0,4 Shorts ES @ 872.75 4,0 «« paper »»
[11:07] <+jbuch> dang I missed it nice entry szu
[11:09] <@NihabaAshi> 0,4 Shorts ES @ 869.00 -> small size
[11:09] <@NihabaAshi> 2 only
[11:11] <@NihabaAshi> 0,2 Covered all ES Short @ 868.00 --> + 1
[11:11] <+szubaark> im thinking Overnight Stop run now
[11:11] <@NihabaAshi> Poor entry (late) and lucky exit
[11:11] <@NihabaAshi> Taking a break...be back later
[11:11] * NihabaAshi is now known as NihabaAshi_away
[11:12] <+werner> Bernanke Speaks in 3 min
[11:12] <+szubaark> coudnt be anything good
[11:13] <+werner> lol
[11:14] <+kos> every time anyone speaks, market tanks, no matter who
[11:15] <+szubaark> damn still tight range
[11:15] <+jbuch> 0,3 Long ES @ 870.25
[11:17] <+szubaark> 0,2 Covered all Short ES at 872.25 --> + 0.5 4,0 «« paper »»
[11:17] <+szubaark>
[11:17] <+jbuch> 0,2 Exited all ES Long @ 872 5 --> + 872 5 - 870.25
[11:18] <+kos> short NQ 1160,50 paper
[11:18] <+kos> add short NQ 1162,50 paper
[11:19] <+kos> out half NQ 1160,25 paper
[11:20] <+silo> 0,4 Shorts YM @ 8578
[11:20] <+szubaark> 0,4 Shorts ES @ 868.75 4,0 «« paper »»
[11:21] <+silo> 1 only
[11:21] <+szubaark> Dip Buyas everywhere
[11:22] <+silo> 0,2 Covered all YM Short @ 8586 --> - 8
[11:22] <+szubaark> 0,2 Covered all Short ES at 872.25 --> - 3.5 4,0 «« paper »»
[11:22] <+szubaark> 0,3 Buys ES @ 872.75 4,0 «« paper »»
[11:23] <+kos> out last half NQ 1165 paper
[11:26] <+kos> short NQ 1165,25 paper
[11:30] <+kos> out all NQ 1160,75 + 4,25 paper
[11:30] <+szubaark> 0,2 Exited all Long ES at 869.75 --> - 3 4,0 «« paper »»
[11:30] <+szubaark> 0,4 Shorts ES @ 869.75 4,0 «« paper »»
[11:30] <+Nesi> 0,4 Shorts ES @ 870.00
[11:34] <+kos> short NQ 1159,75 paper
[11:35] * codehead_afk is now known as codehead
[11:36] <+kos> out all NQ 1156,75 +3 paper
[11:37] <tomis170> 0,4 Shorts ES @ 866.75 4,0 «« paper »»
[11:38] <+kos> long NQ 1157,50 paper
[11:42] <+kos> out all NQ 1157 -0.5 paper
[11:43] <+kos> short NQ 1155,25 paper
[11:45] <+szubaark> Tightening Stop
[11:45] <+kos> out all NQ 1152 +3,25 paper
[11:46] <+kos> decided to try NQ as it
[11:47] <+kos> 's twice as light as ES
[11:47] <+kos> ES is kinda heavy for my cash acct
[11:47] <+szubaark> Ive tried NQ,YM,ER decided on ES
[11:48] <+szubaark> find what works for you, took me few years to decide on ES
[11:48] <+kos> I use ES chart for reference as it
[11:48] <+kos> is mostly watched contract
[11:50] * NihabaAshi_away is now known as NihabaAshi
[11:50] <+kos> long NQ 1154,25 paper
[11:51] <+kos> out all NQ 1152,75 -1.5 paper
[11:51] <@NihabaAshi> 0,4 Shorts ES @ 864.75 -> small size
[11:51] <@NihabaAshi> 1 only
[11:52] <+kos> reentering long
[11:52] <+kos> long NQ 1154,50 paper
[11:52] <+szubaark> 0,2 Covered all Short ES at 866.25 --> + 3.5 4,0 «« paper »»
[11:54] <@NihabaAshi> 0,2 Covered ES Short @ 865.50 --> - 0.75
[11:54] <@NihabaAshi> 0,3 Reverse and Enter Long ES @ 865.50
[11:54] <@NihabaAshi> 2 only
[11:55] <+kos> out all NQ 1159,25 +4,75 paper
[11:55] <@NihabaAshi> 0,2 Exited all ES Long @ 869.25 --> + 3.75
[11:55] <+kos> nice
[11:56] <+kos> time for a lunch break
[11:56] <+szubaark> 0,4 Shorts ES @ 868 4,0 «« paper »»
[12:00] <+codehead> that bounce was right at .618 fib
[12:04] <+szubaark> Tightening Stop
[12:08] <+szubaark> 0,2 Covered all Short ES at 863.75 --> + 4.25 4,0 «« paper »»
[12:13] <+szubaark> 0,4 Shorts ES @ 863 4,0 «« paper »»
[12:15] <+szubaark> 0,6 exit stop moved to breakeven ES @ 863 4,0 «« paper »»
[12:16] <@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.
[12:16] <+szubaark> 0,2 Covered all Short ES at 862 --> + 1 4,0 «« paper »»
[12:18] <+szubaark> 0,4 Shorts ES @ 860.50 4,0 «« paper »»
[12:24] <+jbuch> 0,3 Long ES @ 862
[12:27] <+szubaark> dip buyas running out of steam
[12:28] <+szubaark> looking for LOD test soon
[12:29] <+jbuch> 0,2 Exited all ES Long @ 863 --> + 1
[12:29] <+jbuch> yuppers
[12:29] <+szubaark> C'mon 864
[12:29] <+szubaark> 854
[12:30] <+codehead> crude hit 44.375
[12:30] <+jbuch> damn
[12:38] <+kos> long NQ 1149,25 paper
[12:39] <+kos> out all NQ 1152 +2,75 paper
[12:39] <+jbuch> 0,3 Long ES @ 864.25
[12:43] <+kos> volume decreasing dramatically
[12:46] <+jbuch> 0,2 Exited 1/2 ES Long @ 866 --> + 1.75
[12:47] <+kos> short NQ 1154 paper
[12:48] <+jbuch> 0,2 Exited Remainder ES Long @ 865.25 --> + 1
[12:48] <+kos> out all NQ 1152 +2 paper
[12:52] <+kos> short NQ 1150,25 paper
[12:54] <+kos> out all NQ 1150,25 +0 paper
[12:56] <+kos> long NQ 1152,50 paper
[12:57] <+kos> out all NQ 1151,50 -1 paper
[12:59] <+kos> range and vol decreasing , better to wait
[13:02] <+kos> long NQ 1149 paper
[13:02] <+kos> out all NQ 1148 -1 paper
[13:03] <MK> should try 855
[13:09] <+codehead> crude 44.125
[13:14] <+kos> long NQ 1145 paper
[13:15] <+codehead> crude lost 44
[13:16] <@NihabaAshi> ES 856.50 is a weak support level
[13:18] <+kos> out all NQ 1146 +1 paper
[13:19] <@NihabaAshi> 0,3 Long ES @ 858.25 -> small size
[13:19] <@NihabaAshi> 2 only
[13:19] <+kos> short NQ 1145,25 paper
[13:21] <+szubaark> C'mon 854
[13:21] <+silo> nice target
[13:21] <+silo> 854.52 is a support for es
[13:21] <+kos> out all NQ 1144,75 +0,50 paper
[13:21] <+kos> very oversold
[13:22] <+kos> uncomfortable to short here
[13:23] <+MK> 0,2 Covered all ES Short @ 859 --> + 20.5 4,0 «« paper »»
[13:25] <+jbuch> 0,3 Long ES @ 859.5
[13:26] <@NihabaAshi> 0,2 Exited all ES Long @ 858.50 --> + 0.25
[13:28] <@NihabaAshi> 0,4 Shorts ES @ 857.50 -> small size
[13:28] <@NihabaAshi> 3 only
[13:29] <+jbuch> 0,2 Exited all ES Long @ 858 --> - 1.5
[13:29] <+szubaark> just zig-zagging and faking out
[13:30] <+szubaark> 854 Target on Short, WAITING Patiently
[13:30] <+tomis170> 0,2 Covered all ES Short @ 855.75 --> + 11 4,0 «« paper »»
[13:30] <@NihabaAshi> 0,2 Covered all ES Short @ 855.50 --> + 2
[13:32] <+kos> short NQ 1141 paper
[13:33] <+kos> out all NQ 1143,50 -2,50
[13:33] <+kos> paper
[13:35] <+szubaark> 0,2 Covered all Short ES at 859 --> + 1.5 4,0 «« paper »»
[13:35] <+szubaark> taking too frikin long
[13:35] <+szubaark> 0,3 Buys ES @ 859.75 4,0 «« paper »»
[13:36] <+szubaark> Reversal
[13:38] <+kos> long NQ 1146 paper
[13:44] <+szubaark> 0,2 Exited all Long ES at 858.75 --> - 1 4,0 «« paper »»
[13:45] <+szubaark> damn too slow to exit for breakeven
[13:45] <+szubaark> 0,4 Shorts ES @ 858.75 4,0 «« paper »»
[13:45] <@NihabaAshi> 858.25 weak support for ES
[13:46] <+kos> adding long NQ 1145 paper
[13:46] <@NihabaAshi> 0,3 Long ES @ 860.75 -> small size
[13:46] <+szubaark> TIGHT TIGHT market today
[13:46] <@NihabaAshi> 3 only
[13:47] <+szubaark> 0,2 Covered all Short ES at 861.75 --> - 3 4,0 «« paper »»
[13:47] <+szubaark>
[13:47] <+kos> out half NQ 1148,50 paper
[13:47] <+szubaark> 0,3 Buys ES @ 861.75 4,0 «« paper »»
[13:47] <+szubaark> SNEALKY MOVES
[13:48] <+szubaark> ill need HUGE RUNNER to go breakeven or small Plus on day now, got chopped up pretty good today
[13:49] <+kos> out second half NQ 1149
[13:49] <+szubaark> Low Volatility Range days are tough to trade
[13:49] <+kos> paper
[13:52] <@NihabaAshi> volatility rising again and now a volatility spike
[13:55] <@NihabaAshi> Oil still trying to retrace that big drop
[13:57] <+szubaark> stalling
[13:59] <@NihabaAshi> 863.25 weak support for ES
[14:01] <+szubaark> yea thats about my Stop right now
[14:06] <+szubaark> 870 Resistance
[14:08] <@NihabaAshi> With rising volatility...a 6 - 8 point profit cushion is NOTHING.
[14:08] <@NihabaAshi> ES can easily retrace that in a few minutes.
[14:11] <+kos> Niha, still holding the whole position?
[14:11] <+szubaark> i didnt see him post an Exit
[14:14] <+szubaark> Contracting Volatility for several Intervals now
[14:15] <+kos> NQ pushing lower
[14:15] <+szubaark> 0,2 Exited all Long ES at 865.25 --> + 3.5 4,0 «« paper »»
[14:17] <+kos> short NQ 1147,75 paper
[14:20] <+kos> out all NQ 1147 +0.75 paper
[14:20] <+kos> ES showing some support
[14:22] <@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.
[14:22] <+kos> short NQ 1149 paper
[14:24] <+silo> 0,4 Shorts YM @ 8579
[14:24] <+silo> 1
[14:26] <@NihabaAshi> 0,2 Exited ES Long @ 863.50 --> + 2.75
[14:26] <@NihabaAshi> 0,4 Reverse and Enter Short ES @ 863.50
[14:26] <@NihabaAshi> 4 only medium
[14:28] <+kos> out all NQ 1146.50 +2.50
[14:29] <+kos> paper
[14:29] <+silo> 0,4 Shorts YM @ 8567 -> Add
[14:31] <+kos> triangle sucks longs and shorts in
[14:31] <+silo> 0,2 Covered all YM Short @ 8572 --> + 2
[14:32] <@NihabaAshi> 0,2 Covered all ES Short @ 865.00 --> - 1.5
[14:32] <+kos> done for the day on paper NQ
[14:32] <+szubaark> 0,3 Buys ES @ 866.75 4,0 «« paper »»
[14:33] <+szubaark> Volatility spike
[14:33] <+szubaark> 870 THEN Intraday High
[14:33] <@NihabaAshi> 0,3 Long ES @ 868.75 -> large size
[14:33] <+kos> agreed szu
[14:33] <@NihabaAshi> 6 only
[14:34] <+szubaark> Nice Bullish WRB forming
[14:36] <+szubaark> 0,6 exit stop moved to breakeven ES @ 866.75 4,0 «« paper »»
[14:36] <+kos> sneaky
[14:37] <+szubaark> 0,2 Exited all Long ES at 866.75 --> 0 4,0 «« paper »»
[14:37] <+szubaark>
[14:37] <+szubaark> had good entry, still wasnt good enough
[14:38] <+kos> reversals all over the place
[14:39] <+kos> short YM 8593 paper
[14:39] <+szubaark> 0,3 Buys ES @ 869 4,0 «« paper »»
[14:39] <+szubaark> trying again after getting rudely shaken out
[14:40] <+kos> out half YM 8580 +13 paper
[14:43] <+kos> out second half YM 8591 +2 paper
[14:43] <+kos>
[14:43] <+kos> omg
[14:43] <+szubaark> 0,2 Exited all Long ES at 865.75 --> - 3.25 4,0 «« paper »»
[14:43] <+szubaark> 0,4 Shorts ES @ 865.75 4,0 «« paper »»
[14:43] <@NihabaAshi> 0,2 Exited all ES Long @ 864.75 --> - 4
[14:44] <+szubaark> Tricky Tricky
[14:44] <+kos> that was fast
[14:45] <+ItalianSharp> who pulled the rug?
[14:45] <@NihabaAshi> 0,4 Shorts ES @ 862.75 -> large size
[14:45] <@NihabaAshi> 6 only
[14:46] <+ItalianSharp> this must be news related
[14:46] <+szubaark> Greedy Profits now
[14:46] <+ItalianSharp> i think bulls are done for today
[14:47] <werner> lol
[14:48] <@NihabaAshi> 0,2 Covered all ES Short @ 860.75 --> + 2
[14:48] <+szubaark> needs to Drop lower, or we gonna get some Brutal Chop end of day
[14:49] <+silo> we should get a BIG drop at the close
[14:49] <+silo> perhaps due to profit taking
[14:49] <+silo> we could
[14:49] <+jbuch> job report in morning
[14:51] <+silo> 0,3 Long YM @ 8519
[14:51] <+silo> 2
[14:51] <+silo> 0,2 Exited all YM Long @ 8536 --> + 17
[14:52] <+silo> BIG down move is very likely
[14:52] <+silo> 10min regular chart
[14:52] <+silo> could break this up channel
[14:53] <@NihabaAshi> volatility died...should setup a volatility spike here soon
[14:55] <+jbuch> 0,3 Long ES @ 862.75
[14:55] <+szubaark> 0,2 Covered all Short ES at 862.75 --> + 3 4,0 «« paper »»
[14:57] <+jbuch> 0,2 Exited all ES Long @ 863.75 --> + 1
[14:59] <+szubaark> 0,4 Shorts ES @ 861.25 4,0 «« paper »»
[14:59] <+silo> 3:00 death hour is approaching
[15:02] <+silo> this is the big drop i was talking about
[15:02] <+szubaark>
[15:02] <+jbuch> 0,4 Shorts ES @ 857.75 -> large size
[15:03] <+szubaark> 0,2 Covered all Short ES at 852.75 --> + 8.5 4,0 «« paper »»
[15:03] <+werner> vn
[15:03] <+szubaark> tnx
[15:03] <+tomis170> 0,4 Shorts ES @ 854 4,0 «« paper »»
[15:04] <+jbuch> 0,2 Covered all ES Short @ 853.5 --> + 4.25
[15:05] <Fish> L YM
[15:05] <+jbuch> i don't why i even bother trading during the middle of the day
[15:05] <+Fish> flat +10
[15:06] <+silo> because the drop/rise at close is only temporary, due to economic unrest
[15:06] <+silo> if you rely on it, when things clear out, you wont know what to do
[15:06] <+silo>
[15:07] <+jbuch> this is true
[15:07] <@NihabaAshi> Drop due to Bernanke or Greenspan speaking somewhere (forgot where).
[15:08] <+silo> bernanke is 1115
[15:08] <+ItalianSharp> bernie was done niha
[15:08] <+ItalianSharp> maybe old alan
[15:08] <+szubaark> I DONT HAVE anyone speaking right now
[15:08] <@NihabaAshi> One of them started talking around 2:50pm est
[15:09] <+szubaark> LEAK? LOL
[15:09] <+ItalianSharp> funny thing is that i could "feel" this drop during yesterday's last hour of trading...when my TS platform freezes or stalls, a big drop is imminent
[15:10] <+jbuch> negative comments from senetors regarding bailout ?
[15:10] <+ItalianSharp> i called this "the TS freeze" bearish indicator
[15:10] <@NihabaAshi> There's other speeches occurring to but I don't think they've had any impact other than causing a lot of chop
[15:10] <@NihabaAshi> Regarding those GM Hearings
[15:10] <+werner> lol, no freez on ts here
[15:11] <+silo> 0,3 Long YM @ 8410
[15:11] <+silo> 2
[15:11] <+silo> 0,2 Exited 1/2 YM Long @ 8431 --> + 21
[15:12] <+silo> remaining set to breakeven
[15:12] <+silo> 8410
[15:12] <+tomis170> 856 on ES, 8480 on YM and 1141 are important pivots points
[15:12] <+silo> 0,2 Exited all YM Long @ 8410 --> 0
[15:12] <+silo> out
[15:13] <@NihabaAshi> 0,4 Shorts ES @ 846.25 -> large size
[15:13] <@NihabaAshi> 9 only
[15:13] <@NihabaAshi> rising volatility again
[15:14] <@NihabaAshi> 0,2 Covered 1/3 ES Short @ 843.75 --> + 2.5
[15:15] <@NihabaAshi> 0,2 Covered 1/3 ES Short @ 841.75 --> + 4.5
[15:17] <@NihabaAshi> 0,6 exit stop set ES @ 845.00
[15:17] <@NihabaAshi> Be back later...will post late trade result if my trailing stop is hit while I'm gone.
[15:17] * NihabaAshi is now known as NihabaAshi_away
[15:18] <+silo> 0,3 Long YM @ 8450
[15:18] <+silo> 1
[15:18] <+silo> 0,3 Long YM @ 8347 -> Add
[15:19] <+silo> 0,2 Exited all YM Long @ 8334 --> - 129
[15:19] <+szubaark> huh?
[15:19] <+silo> typed it wrong
[15:19] <+silo> out 83341
[15:19] <+silo> 8334
[15:20] <+silo> 0,3 Long YM @ 8352
[15:20] <+silo> 1
[15:20] <+silo> will just keep it one
[15:21] <+szubaark> 0,3 Buys ES @ 843.25 4,0 «« paper »»
[15:21] <+szubaark>
[15:21] <+szubaark> damn trying HARD to go plus for day, doing stupid trades
[15:22] <+silo> 0,2 Exited all YM Long @ 8336 --> - 16
[15:22] <+silo> eh?
[15:22] <+silo> oh ok nvm it's one contract forgot
[15:22] <+codehead> 8299 is .382 retracement on daily chart
[15:22] <+szubaark> crap
[15:22] <+jbuch> 0,4 Shorts ES @ 839
[15:23] <+tomis170> 0,2 Covered all ES Short @ 838 --> + 16 4,0 «« paper »»
[15:23] <+szubaark> Oversold, needs to pullback some
[15:24] <+jbuch> 0,2 Covered all ES Short @ 837 --> + 2
[15:24] <+tomis170> we are on S1
[15:24] <+szubaark> we just dropped 25+ Points with NO PULLBACK YET
[15:24] <+codehead> long 8312 YM <paper> small
[15:25] <+codehead> because of the fib
[15:26] <+silo> 0,4 Shorts YM @ 8348
[15:26] <+silo> 1
[15:30] <+szubaark> they TANKING this
[15:30] <+kos> yup, they did it again
[15:33] <+silo> 0,6 exit stop set YM @ 8348
[15:33] <+silo> BE
[15:33] <+szubaark> could drop few more ticks before starts Pulling back up
[15:33] <+silo> 0,4 Shorts YM @ 8319 -> Add
[15:34] <+silo> 0,2 Covered 1/2 YM Short @ 8290 --> + 29
[15:34] <+silo> 0,2 Covered Remainder YM Short @ 8294 --> + 54
[15:34] * NihabaAshi_away is now known as NihabaAshi
[15:34] <+silo> daily profit reached
[15:34] <+silo> done for the day
[15:34] <+codehead> nice
[15:34] <+szubaark> should Bounce here FAST
[15:35] <@NihabaAshi> 0,2 Covered Remainder ES Short @ 834.00 --> + 12.25
[15:35] <+szubaark> maybe even new High of day LOOOOL
[15:35] <+silo> uh. no szu
[15:35] <+silo> hahahah
[15:36] <@NihabaAshi> Finally caught a big runner with some size.
[15:37] <@NihabaAshi> Tried to do such the first few trades this morning and got nothing but a headache
[15:39] <+codehead> might get a bounce soon
[15:41] <+codehead> meant to type that to private room, but anyway, jsut noting cci 3 min been stuck at -100--unless it gets momo down on cci, will bounce soon, though these kind of runs can continue till cash close easily
[15:44] <+codehead> 8392 first target
[15:47] <@NihabaAshi> 10 point bounce in 7 minutes
[15:48] <+szubaark> Sellers jumping all over it
[15:54] <+codehead> bears want lod cash close
[15:55] <+codehead> seeing some buying tho
[15:57] <+codehead> out +80 YM <paper> at first target mentioned earlier
[15:57] <+szubaark> 0,2 Exited all Long ES at 846.75 --> + 3.5 4,0 «« paper »»
[15:58] <+szubaark> Stupid Trade
[15:58] <+codehead> fib exit, but a wave target also at 8402
[15:58] <+szubaark> 0,4 Shorts ES @ 844 4,0 «« paper »»
[16:00] <+codehead> that target was a cluster (8392 fib, 8402 wave, 8400 century resistance), so was candidate for reversal as well as exit
[16:11] <+szubaark> 0,2 Covered all Short ES at 844.25 --> - 0.25 4,0 «« paper »»
[16:11] <+szubaark> geez what a day
[16:12] <+codehead> major target at 8135
[16:13] <+codehead> previous daily lows at 8129, which was .500 retracement (8135)
[16:14] <+codehead> we stopped the drop in a funny place
[16:15] <+szubaark> heheh
[16:15] <+codehead> 8237 would ahve been better
[16:15] <+codehead> so may have some more downside
[16:16] <+codehead> i mean, i did expect the bounce, but the actual low was past some bounce points, but not quite to others
[16:18] <+codehead> nice closing squirt on YM
[16:25] <@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.
[16:34] <+werner> gn all
[18:28] <@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: Fri Dec 05 00:00:00 2008Trading Edge: 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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Current Performance Record of M.A. Perry |
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Today |
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Emini ES points |
+107.00 |
+317.50 |
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U.S. Dollars |
$5,350.00 |
$15,875 |
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