#FuturesTrades December 22nd 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 22 09:28:35 2008 Session Ident: #futurestrades [09:28] * Now talking in #futurestrades [09:28] <@X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm [09:30] <PapaJon> gm all [09:30] <pat255> gm all .. [09:30] <+pat255> @office ... [09:31] <@NihabaAshi> Good morning all [09:31] <+pat255> just watch .only papaer trade . [09:31] <+pat255> gm N [09:34] <@NihabaAshi> 0,4 Shorts ES @ 891.50 -> small size  [09:34] <@NihabaAshi> 3 only [09:34] <szubaark> think u mean 881.50 [09:35] <jbuch> gm all [09:35] <@NihabaAshi> It'll correct itself on the exit [09:39] <+szubaark> 0,4 Shorts ES @ 880.75 4,0 «« paper »»  [09:40] <+szubaark> 0,2 Covered all Short ES at 879.75 --> + 1 4,0 «« paper »»  [09:42] <@NihabaAshi> 0,2 Covered all ER2 Short @ 878.50 -> +3.00 [09:43] <+pat255> vn ..had some up bias ..but ... [09:43] <silo> you're trading er2? [09:44] <@NihabaAshi> 0,4 Shorts ES @ 878.25 -> small size  [09:44] <@NihabaAshi> 1 only [09:54] <+jbuch> 0,3 Long SPY @ 88  [09:59] <+jbuch> 0,2 Exited 1/3 SPY Long @ 88.1 --> + 0.1  [10:01] <@NihabaAshi> 0,2 Covered ES Short @ 879.50 --> - 1.25  [10:01] <@NihabaAshi> 0,3 Reverse and Enter Long ES @ 879.50  [10:02] <+szubaark> 0,4 Shorts ES @ 878 4,0 «« paper »»  [10:03] <@NihabaAshi> 0,2 Exited ES Long @ 877.75 --> - 1.75  [10:03] <@NihabaAshi> 0,4 Reverse and Enter Short ES @ 877.75  [10:03] <@NihabaAshi> 2 contracts on the position reversal [10:04] <+szubaark> 0,2 Covered all Short ES at 877 --> + 1 4,0 «« paper »»  [10:05] <+silo> 0,3 Long YM @ 8524  [10:05] <+silo> 1 [10:06] <@NihabaAshi> Oil and Gold still declining [10:07] <+jbuch> 0,2 Exited Remainder SPY Long @ 87.80 --> - 0.2  [10:08] <+silo> 0,2 Exited all YM Long @ 8510 --> - 14  [10:08] <@NihabaAshi> 0,2 Covered all ES Short @ 875.00 --> + 2.75  [10:20] <+szubaark> 0,3 Buys ES @ 877.50 4,0 «« paper »»  [10:27] <+szubaark> 0,2 Exited all Long ES at 875.25 --> - 2.25 4,0 «« paper »»  [10:27] <+szubaark> 0,4 Shorts ES @ 875.25 4,0 «« paper »»  [10:30] <+szubaark> 0,2 Covered all Short ES at 876.50 --> - 1.25 4,0 «« paper »»  [10:30] <+szubaark> 0,3 Buys ES @ 876.75 4,0 «« paper »»  [10:30] <+jbuch> 0,3 Long SPY @ 87.76  [10:33] <@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. [10:38] <+jbuch> 0,2 Exited 2/3 SPY Long @ 87.98 --> + 0.22  [10:40] <+szubaark> 0,2 Exited all Long ES at 877.75 --> + 1 4,0 «« paper »»  [10:41] <+jbuch> 0,2 Exited Remainder SPY Long @ 87.89 --> + 0.13  [10:42] <pdays> 0,4 Shorts ER2 @ 476.6  [10:42] <+pdays> 0,2 Covered all ER2 Short @ 476.4 --> + 0.2  [10:46] <@NihabaAshi> 0,3 Long ES @ 877.75 -> medium size  [10:46] <@NihabaAshi> 5 only [10:46] <+jbuch> 0,3 Long SPY @ 87.9  [10:50] <bazooka85> gm [10:50] <+jbuch> 0,2 Exited 1/3 SPY Long @ 87.99 --> + 0.09  [10:53] <@NihabaAshi> 0,2 Exited ES Long @ 878.75 --> + 1  [10:53] <@NihabaAshi> Holding 3 remainders [10:54] <+bazooka85> 0,3 Long ES @ 879.25 4,0 «« paper »»  [10:54] <+jbuch> 0,2 Exited 1/3 SPY Long @ 88.01 --> + 0.11  [10:56] <@NihabaAshi> 0,2 Exited all ES Long @ 878.00 --> + 0.25  [10:57] <+jbuch> 0,2 Exited Remainder SPY Long @ 87.96 --> + 0.06  [10:57] <+jbuch> ran out of patience [10:58] <+jbuch> breakfast time brb [11:02] <+pat255> vn guys ...stuck @office ..no trades [11:03] <bazooka85> 0,2 Exited all ES Long @ 877.25 --> - 2 4,0 «« paper »»  [11:08] <+bazooka85> 0,3 Long ES @ 876.25 4,0 «« paper »»  [11:11] <+pat255> N your entry mainly from 1 or 2 m chart? [11:14] <+szubaark> 0,4 Shorts ES @ 875.25 4,0 «« paper »»  [11:15] <@NihabaAshi> 0,4 Shorts ES @ 874.50 -> small size  [11:15] <@NihabaAshi> 1 only [11:18] <+bazooka85> 0,2 Exited all ES Long @ 874.25 --> - 2 4,0 «« paper »»  [11:20] <+bazooka85> 0,4 Shorts ES @ 875.50 4,0 «« paper »»  [11:20] <+szubaark> Tightening Stop [11:23] <+szubaark> 0,2 Covered all Short ES at 873 --> + 2.25 4,0 «« paper »»  [11:24] <+bazooka85> 0,2 Covered all ES Short @ 872.50 --> + 3 4,0 «« paper »»  [11:28] <+bazooka85> 0,3 Long ES @ 873.25 4,0 «« paper »»  [11:29] <+bazooka85> nhod volume bar for fdax [11:31] <+bazooka85> 0,2 Exited all ES Long @ 871.25 --> - 2 4,0 «« paper »»  [11:33] <@NihabaAshi> 0,2 Covered ES Short @ 871.25 --> + 3.25  [11:34] <+szubaark> Nice. [11:34] * codehead_afk is now known as codehead [11:38] <+pat255> vn N good trades [11:38] <+pat255> I was really thinking it'd be a green day all the way home. [11:42] <+szubaark> yea everyone is Bullish on Daily, time to TANK [11:44] <+bazooka85> 0,3 Long ES @ 868.75 4,0 «« paper »»  [11:46] <+silo> 0,3 Long YM @ 8469  [11:48] <+silo> 0,2 Exited 1/2 YM Long @ 8485 --> + 16  [11:50] <+bazooka85> see that big vol bar at 11:35? [11:53] <+silo> yeah [11:54] <+szubaark> y [11:54] <+silo> it got taken out by low volume long [11:54] <+silo> so sell side slowing down [11:55] <+silo> 0,2 Exited Remainder YM Long @ 8494 --> + 25  [11:56] <+silo> this is still just a minor bounce however [11:56] <+bazooka85> 0,2 Exited all ES Long @ 871.50 --> + 2.75 4,0 «« paper »»  [11:56] <+silo> and we are still in downtrend [11:56] <+silo> that was just the first sign of the bounce we ust had [11:56] <+silo> good confirmation [11:58] <+silo> 0,4 Shorts YM @ 8492  [11:59] <+silo> 0,2 Covered all YM Short @ 8498 --> - 6  [12:00] <+silo> 0,4 Shorts YM @ 8492  [12:00] <+bazooka85> 0,3 Long ES @ 871.00 4,0 «« paper »»  [12:01] <+bazooka85> uh oh [12:06] <+pat255> even in this slow mkt u guys did well [12:07] <+silo> 0,4 Shorts YM @ 8491  [12:07] <+silo> add [12:07] <+silo> 0,4 Shorts YM @ 8491 -> Add  [12:07] <+silo> there we go [12:07] <+silo> that's more like it [12:07] <+silo> my original entry was 8492 anyway [12:08] <+szubaark> 0,4 Shorts ES @ 869.75 4,0 «« paper »»  [12:08] <+bazooka85> 0,2 Exited all ES Long @ 869.50 --> - 1.5 4,0 «« paper »»  [12:09] <+jbuch> 0,4 Shorts SPY @ 87.13  [12:09] <+silo> 0,2 Covered 1/2 YM Short @ 8472 --> + 19  [12:09] <+szubaark> 0,2 Covered all Short ES at 868.75 --> + 1 4,0 «« paper »»  [12:10] <+silo> 0,2 Covered Remainder YM Short @ 8471 --> + 20  [12:10] <+jbuch> 0,2 Covered 1/3 SPY Short @ 87.01 --> + 0.12  [12:10] <+szubaark> jbuch so if you trading 100 shares of SPY +.12 is $12? [12:13] <+bazooka85> 0,4 Shorts ES @ 869.50 4,0 «« paper »»  [12:14] <+jbuch> 0,2 Covered Remainder SPY Short @ 87.12 --> + 0.01  [12:14] <+jbuch> ya szu minus commisions [12:15] <+bazooka85> bad entry [12:17] <+bazooka85> 0,2 Covered all ES Short @ 871.50 --> - 2 4,0 «« paper »»  [12:22] <+bazooka85> why do you like mocking me market? [12:25] <+szubaark> 0,4 Shorts ES @ 869.50 4,0 «« paper »»  [12:26] <+silo> http://www.vimeo.com/1616061 [12:26] <+silo> check that out [12:26] <+silo> pretty funny [12:30] <+szubaark> Tightening Stop [12:33] <+szubaark> 0,2 Covered all Short ES at 870.50 --> - 1 4,0 «« paper »»  [12:36] <@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. [12:38] <+jbuch> that is funny silo [12:39] <+jbuch> 0,4 Shorts SPY @ 87.19  [12:40] <+jbuch> 0,2 Covered 1/3 SPY Short @ 87.09 --> + 0.1  [12:41] <+silo> [12:41] <+silo> my consultant friend sent that to me [12:41] <+silo> haha [12:47] <+jbuch> 0,2 Covered Remainder SPY Short @ 87.26 --> - 0.07  [12:53] <+silo> this could be a breakout from a down channel [12:54] <+silo> yup [12:54] <+silo> confirmed [12:54] <+silo> [13:00] <codehead> 8570's a fub cluster on YM [13:07] <+szubaark> 0,3 Buys ES @ 874 4,0 «« paper »»  [13:09] <+jbuch> 0,4 Shorts SPY @ 87.33  [13:09] <+szubaark> 0,2 Exited all Long ES at 871.50 --> - 2.5 4,0 «« paper »»  [13:09] <+szubaark> 0,4 Shorts ES @ 871.50 4,0 «« paper »»  [13:10] <+jbuch> 0,2 Covered all SPY Short @ 87.32 --> + 0.01  [13:15] <+szubaark> 0,2 Covered all Short ES at 873 --> - 1.5 4,0 «« paper »»  [13:16] <+szubaark> Whipsaws [13:22] <futurible> 0,3 Long ES @ 873.00 4,0 «« paper »»  [13:22] <+futurible> error [13:22] <+futurible> 0,3 Long ES @ 873.25 4,0 «« paper »»  [13:27] <+szubaark> 0,4 Shorts ES @ 872.25 4,0 «« paper »»  [13:27] <+futurible> 0,2 Exited all ES Long @ 871.25 --> - 2 4,0 «« paper »»  [13:27] <+futurible> error [13:28] <+futurible> 0,2 Exited all ES Long @ 871.50 --> - 1.75 4,0 «« paper »»  [13:39] <+futurible> 0,4 Shorts ES @ 871.00 4,0 «« paper »»  [13:39] <+szubaark> Tightening Stop [13:45] <+futurible> 0,2 Covered 3/4 ES Short @ 869.50 --> + 1.5 4,0 «« paper »»  [13:45] <+szubaark> nicer [13:48] <+szubaark> 0,2 Covered all Short ES at 868.25 --> + 4 4,0 «« paper »»  [13:49] <+futurible> 0,2 Covered Remainder ES Short @ 867.75 --> + 3.25 4,0 «« paper »»  [13:49] <+szubaark> nice future [13:51] <+futurible> thx,szubaark [13:56] <+szubaark> 0,4 Shorts ES @ 867.50 4,0 «« paper »»  [13:57] <+jbuch> 0,4 Shorts SPY @ 86.99  [13:57] <@NihabaAshi> 0,4 Shorts ES @ 867.25 -> small size  [13:57] <@NihabaAshi> 3 only [13:57] <+szubaark> 0,2 Covered all Short ES at 866.50 --> + 1 4,0 «« paper »»  [13:59] <+jbuch> 0,2 Covered all SPY Short @ 86.97 --> + 0.02  [14:06] <+jbuch> 0,3 Long SPY @ 87.01  [14:06] <+jbuch> 0,2 Exited 1/3 SPY Long @ 87.11 --> + 0.1  [14:07] <+jbuch> 0,2 Exited Remainder SPY Long @ 87.1 --> + 0.09  [14:14] <@NihabaAshi> 0,2 Covered 2/3 ES Short @ 866.25 --> + 1  [14:15] <@NihabaAshi> 0,2 Covered Remainder ES Short @ 867.00 --> + 0.25  [14:22] <+jbuch> 0,3 Long SPY @ 86.61 4,0 «« paper »»  [14:23] <@NihabaAshi> 0,4 Shorts ES @ 863.25 -> small size  [14:23] <@NihabaAshi> 2 only [14:24] <+jbuch> I get dumb on paper [14:26] <@NihabaAshi> 0,2 Covered all ES Short @ 861.75 --> + 1.5  [14:28] * NihabaAshi is now known as NihabaAshi_away [14:37] <+codehead> potential of big fat vegas going off on cci 3 min YM [14:37] <+codehead> but i still have lower tarkets on it [14:37] <+codehead> targets [14:42] <@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. [14:42] <+codehead> if YM can get thru 8428-30, might get some bounce [14:43] <+codehead> 8461 area anyway [14:47] * NihabaAshi_away is now known as NihabaAshi [14:48] <@NihabaAshi> 0,3 Long ES @ 862.00 -> small size  [14:48] <@NihabaAshi> 1 only [14:48] <@NihabaAshi> trade error [14:48] <+silo> what was the error [14:49] <@NihabaAshi> 0,2 Exited ES Long @ 862.50 --> + 0.5  [14:50] <+codehead> bingo--8461 hit on that breakout [14:51] <+codehead> a nice wave symmetry target at 8471, if it wants to make another try [14:55] <@NihabaAshi> 0,4 Shorts ES @ 862.00 -> small size  [14:55] <@NihabaAshi> 1 only [14:58] <@NihabaAshi> [15:00] <@NihabaAshi> 0,2 Covered ES Short @ 859.00 --> + 3  [15:03] * NihabaAshi is now known as NihabaAshi_away [15:16] <+silo> 0,3 Long YM @ 8388  [15:17] <+codehead> over 461, might get a little stop run on TF [15:17] <+jbuch> 0,4 Shorts SPY @ 86. 4,0 «« paper »»  [15:20] <+silo> 0,2 Exited all YM Long @ 8375 --> - 13  [15:21] <+jbuch> 0,2 Covered 2/3 SPY Short @ 85 86 --> + 86. - 85 86 4,0 «« paper »»  [15:22] <+jbuch> 0,2 Covered Remainder SPY Short @ 85.9 --> + 0.1 4,0 «« paper »»  [15:24] <+codehead> over 640.50 would break last TF high [15:28] <+codehead> long YM 8339 <paper> small [15:32] <+jbuch> 0,4 Shorts SPY @ 85.63 4,0 «« paper »»  [15:33] <+codehead> first target 8368 [15:34] <+jbuch> 0,2 Covered all SPY Short @ 85.75 --> - 0.12 4,0 «« paper »»  [15:36] <+codehead> exit half +29 at first target <paper> [15:38] <+codehead> exit remainder +60 <paper> [15:38] <+codehead> i did post timely, but in wrong room :-/ [15:38] <+codehead> 8403 was next wave target, put sell just under 8400 [15:38] <+codehead> 8399 [15:41] <+jbuch> 0,3 Long SPY @ 86.26 4,0 «« paper »»  [15:41] <+codehead> was right about stop run at 640.50 TF [15:42] <+jbuch> 0,2 Exited all SPY Long @ 86.39 --> + 0.13 4,0 «« paper »»  [15:57] <+jbuch> 0,3 Long SPY @ 86.56 4,0 «« paper »»  [15:58] <+jbuch> 0,2 Exited 2/3 SPY Long @ 87 --> + 0.44 4,0 «« paper »»  [15:59] <+jbuch> 0,2 Exited Remainder SPY Long @ 87.06 --> + 0.5 4,0 «« paper »»  [16:03] <+codehead> man, was *really* right about that potential stop run on TF--wow, it's goon jsut a tick short of 15 points [16:48] <@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 22 18:58:50 2008
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

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