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#FuturesTrades January 2nd Wednesday 2008 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+29.00	+29.00	+29.00
$2,900	$2,900	$2,900

Profitable Trade

1456pm - 1506pm est

Losing Trade

1402pm - 1405pm est

click on image to view actual size

Current Performance Record

Key Trades of the Day (see chat log below)

Profit/Loss Statement

General Strategy Info: The above profit/loss info represents trades by M.A. Perry (a.k.a. NihabaAshi) only and all trades were posted in realtime as shown in the below chat log.

Although I'm not familiar with the trade methods used by most members of #FuturesTrades, I use a rule based (no subjectivity) methodology that involves WRB Analysis.

There is some subjectivity involved with some of my trades when I'm developing a new strategy (hence the name TheStrategyLab.com) that uses WRB Analysis.

In fact, many of my trades or profit targets will occur within key WRB support/resistance zones because these price areas gives me a better understanding of key changes in supply demand.

Traditional pivot point analysis or traditional s/r levels are inadequate in understanding changes in supply/demand of the Russell 2000 Emini ER2 or any other trading instrument of today's markets in comparison to WRB Analysis.

WRB Analysis is also a key aspect in my use of intermarket analysis (ex. Oil and Gold), market seasonal tendencies, volatility analysis and custom Japanese Candlestick patterns to complete my trading plan that results in consistent profits.

Further, position size management is a key aspect of my trading and I trade any where between 1 to 9 contracts per trade depending upon the volatility, pattern signal, seasonal tendencies or intuition.

All of my trades and commentary for today's market action (posted below) are via the user name NihabaAshi (Japanese Candlestick term) and I exclusively trade the Russell 2000 Emini ER2 futures even though I closely monitor other key markets so that I'll have a better understanding of ER2 price action.

With that said, today's trade posting chat log is below and it contains all my trades that were posted in realtime along with the trades of other members of #FuturesTrades.

Further, 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.

Session Start: Wed Jan 02 09:18:32 2008Session Ident: #FuturesTrades

* Now talking in #FuturesTrades 09:18

<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm

#FuturesTrades Info -> Chat room for traders and intermarket analysis of Emini Futures (EMD, ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQQ, SPY) 09:21

<werner> happy new year all 09:26

<Brutus> HNY w and everyone 09:28

<Pepe> happy new trading 09:29

<drt> good trading to everyone this year 09:32

<werner> same to you 09:34

<Andy> hny and good luck to all this year

<startrader> Long ES @ 1476 «« paper »» 09:38

Would like to see 81

<eminitrader> Shorts ES @ 1478.25 09:40

<NihabaAshi> Long ER2 @ 769.00 -> small size 09:41

<startrader> Exited 1/2 ES Long @ 1479.25 --> + 3.25 «« paper »» 09:42

<eminitrader> Shorts ES @ 1479.75 -> Add 09:43

<base> GM & Happy new year everyone 09:45

<startrader> Exited Remainder ES Long @ 1479.50 --> + 3.5 «« paper »» 09:46

<NihabaAshi> I'm hoping to survive this price action and stay in the trade until around 10am est 09:50

That's when I'm expecting additional volatility

Hopefully in the direction of my trade

<Brutus> 0930/1430 Chicago Fed Pres Evans rings the opening bell at the CBOE

1000/1500 Nov Construction Spending

New Construction -0.4% -0.8%

1000/1500 Dec ISM Mfg Index

Manufacturing Business Index 51 50.8

1400/1900 Dec 11 FOMC Minutes

<eminitrader> Covered 1/2 ES Short @ 1478.25 --> + 1.5 09:51

<pat12> vn em ...good start .. 09:52

late ...reboot prblems 09:53

<eminitrader> thx pat

<startrader> Long ES @ 1478.50 «« paper »»

<eminitrader> Shorts ES @ 1479.25 -> Add 09:54

Covered 1/3 ES Short @ 1478.25 --> + 1 09:56

Covered 1/2 ES Short @ 1476.25 --> + 2 09:57

<startrader> Exited all ES Long @ 1476.75 --> - 1.75 «« paper »» 09:58

<szubaark> Buys ES @ 1477 «« paper »»

Exited all Long ES at 1474.75 --> - 2.25 «« paper »» 10:00

Shorts ES @ 1474.75 «« paper »»

<NihabaAshi> Exited all ER2 Long @ 769.10 --> + 0.1

:(

wasn't meant to be

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)

<startrader> Shorts ES @ 1474.75 «« paper »»

<Brutus> 01/02/2008 10:00 *DJ US ISM Dec Mfg Business Index 47.7 Vs Nov 50.8

<pat12> oh man the vicious turn in the mkt on news 10:01

<NihabaAshi> Shorts ER2 @ 766.50 -> small size

intuition trade

Everybody in sync and dropping.

<Brutus> yep below 50 use to cause -4% days in 2002

<eminitrader> Covered Remainder ES Short @ 1469.25 --> + 9 10:02

<Brutus> vn emt

<eminitrader> thx b..

<szubaark> nice emini

<eminitrader> thx szu

<Brutus> did not get a fill at 80 :(

<silo> intuition trade means it's not based off the typical niha method? 10:03

<startrader> Shorts ES @ 1470.50 -> Add «« paper »» 10:05

Covered 1/2 ES Short @ 1468 --> + 2.5 «« paper »» 10:06

<NihabaAshi> Covered 2/3 ER2 Short @ 763.30 --> + 3.2

<szubaark> Covered all Short ES at 1469.50 --> + 5.25 «« paper »»

<eminitrader> Long ES @ 1467.50 10:07

<werner> nice 10:08

<eminitrader> real good short szu

<NihabaAshi> exit stop lowered ER2 @ 766.40

<szubaark> thanks 10:09

<NihabaAshi> Covered ER2 Short @ 764.60 --> + 1.9

Reverse and Enter Long ER2 @ 764.60

Late position reversal...minor data problems 10:10

<eminitrader> Exited 1/2 ES Long @ 1470.50 --> + 3

exit stop moved to breakeven ES @ 1467.50 10:11

this is major support area for ES....expecting new highs from these lows 10:12

<ItalianSharp> emini, why new highs? 10:13

<NihabaAshi> Exited ER2 Long @ 763.80 --> - 0.8

<ItalianSharp> you think support is so strong that it'll push ES to new highs?

<eminitrader> i am bullish

think the correction/bear mrkt hit the bottom

<pat12> em just from PA or news events? 10:14

<NihabaAshi> Shorts ER2 @ 763.00 -> small size

<eminitrader> long term pa - daily and weekly

<pat12> kty

<szubaark> Shorts ES @ 1467.75 «« paper »»

<eminitrader> Exited Remainder ES Long @ 1467.50 --> 0 10:15

<NihabaAshi> Covered 2/3 ER2 Short @ 761.50 --> + 1.5 10:17

<startrader> Covered Remainder ES Short @ 1467.25 --> + 7.5 «« paper »»

<NihabaAshi> exit stop lowered ER2 @ 762.90

<Brutus> vn trading today guys

<szubaark> exit stop moved to breakeven ES @ 1467.75 «« paper »» 10:18

<NihabaAshi> Be right back...family distractions

<startrader> Long ES @ 1467 «« paper »»

<pat12> trend is down for sure now.. 10:22

<szubaark> Covered all Short ES at 1467.75 --> 0 «« paper »» 10:23

<pat12> with this move down & now trying to move a S again? 10:24

<startrader> Exited all ES Long @ 1467.50 --> + 0.5 «« paper »»

<hum_g> what;s the prob with ensign 10:27

i can get emd in NINJA

but not in ensign

<Pepe> vtipy 10:29

<startrader> Long ES @ 1466.75 «« paper »» 10:31

one more try for the longs. 10:32

<szubaark> Shorts ES @ 1465.75 «« paper »» 10:33

<eminitrader> Long ES @ 1466

<NihabaAshi> Covered Remainder ER2 Short @ 760.50 --> + 2.5 10:34

<startrader> Exited all ES Long @ 1467.25 --> + 0.5 «« paper »» 10:39

<Brutus> http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={691b9 5fc-809b-41ab-8022-fbc98608c389} 10:42

<startrader> Shorts ES @ 1467.25 «« paper »» 10:47

<szubaark> ES keeps holding here :( 10:48

<startrader> Looking for a move to 62 before heading back to 74. 10:51

The floor loves the 66.60 on the sp. 10:54

<Andy> Long ER2 @ 760.1

<eminitrader> Exited all ES Long @ 1465 --> - 1 10:56

<Andy> Exited all ER2 Long @ 759.5 --> - 0.6

<Tim_a1> it did look like a mid consolidation drop, star

<startrader> Covered 1/2 ES Short @ 1465 --> + 2.25 «« paper »» 10:57

<eminitrader> Shorts ES @ 1466 10:58

<Andy> Long ER2 @ 759.0 11:00

<startrader> Shorts ES @ 1464.75 -> Add «« paper »» 11:04

<eminitrader> Covered 2/3 ES Short @ 1465 --> + 1 11:05

<szubaark> Covered all Short ES at 1465.75 --> 0 «« paper »» 11:06

<Tim_a1> es's mid point of the mid dec coil about 3 points below

<pat12> just congestion here .. 11:07

<Tim_a1> now 2

<szubaark> Buys ES @ 1465.50 «« paper »»

<Nesi> Long ER2 @ 759.30 «« paper »»

<eminitrader> Covered Remainder ES Short @ 1466 --> 0 11:08

<szubaark> Looks like finding some Support here

<pat12> em what tf u take trde from 1 min?

just trying to see .. 11:09

<eminitrader> too fast for me...not in the mood to scalp today... 11:10

<Tim_a1> that ES mid dec coil, if it held support would be sonsistent with a bigger picture daily pennant

<pat12> k ..

<Nesi> Long ER2 @ 760.0 -> Add «« paper »»

<Tim_a1> meaning whipsaw short term, and big move coming 11:11

<Nesi> Exited all ER2 Long @ 759.0 --> - 1.3 «« paper »» 11:12

<szubaark> Exited all Long ES at 1463.75 --> - 1.75 «« paper »»

Shorts ES @ 1463.75 «« paper »»

<Andy> Exited all ER2 Long @ 758.5 --> - 0.5

jeez.........

<startrader> Covered all ES Short @ 1462.50 --> + 7 «« paper »» 11:13

<szubaark> nice star, should have stayed Short its just Price Action sucks 11:14

<Tim_a1> nice shot, star

<startrader> I think Tim said it best, consolidation. 11:15

Ty.

<Tim_a1> i think i said sololidation lol

<Nesi> Long ER2 @ 758.50 «« paper »» 11:16

<pat12> man what a start for the new year 11:17

<szubaark> slow, controlled selling

<startrader> Long ES @ 1461.25 «« paper »» 11:18

<Nesi> Exited all ER2 Long @ 756.0 --> - 2.5 «« paper »» 11:20

<startrader> Long ES @ 1460 -> Add «« paper »»

<pat12> man alive what this wprld coming to... 11:21

<Brutus> Long ES @ 1459.5 11:22

Exited ES Long @ 1460.5 --> + 1 11:23

1/2 only

<szubaark> Covered all Short ES at 1460.75 --> + 3 «« paper »»

<startrader> 1 tick from stopping out there.

<szubaark> amazing, no pullbacks 11:24

<Nesi> oil almost at 99

<X> #FuturesTrades Info -> Chat room for traders and intermarket analysis of Emini Futures (EMD, ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQQ, SPY)

<szubaark> Buys ES @ 1461 «« paper »» 11:25

<Nesi> Long ER2 @ 755.50 «« paper »»

<Brutus> Exited all ES Long @ 1461.25 --> + 1.75 11:26

<szubaark> nice Brutus

<Brutus> ty u did well on your shorts :) 11:27

<startrader> Exited 1/2 ES Long @ 1461.50 --> + 1.5 «« paper »»

<pdays> Long ER2 @ 755.7 «« paper »»

<Brutus> any meaningful pullback maybe on the 1400 FOMC mins 11:29

<Nesi> Long ER2 @ 756.0 -> Add «« paper »»

<szubaark> nice 5min Dark Hammer Line on ES for what its worth

<startrader> Really don't like a 60 min close under 62 here.

<Brutus> ym possible 2B from 12/18 11:30

<startrader> Exited Remainder ES Long @ 1461 --> - 0.25 «« paper »»

<Tim_a1> i think these mid dec coil levels will make it choppy, as it becomes daily pennant continuation or break 11:32

(es)

<Nesi> Long NQ @ 2074.0 «« paper »» 11:33

<startrader> Shorts ES @ 1459.75 «« paper »» 11:36

<szubaark> Exited all Long ES at 1458.75 --> - 2.25 «« paper »» 11:37

Shorts ES @ 1459 «« paper »»

<startrader> going for 56.50

Covered 1/2 ES Short @ 1458 --> + 1.75 «« paper »» 11:42

Covered Remainder ES Short @ 1456.50 --> + 3.25 «« paper »» 11:46

<szubaark> Down til 2pm FOMC then New High for day? LOL

<Tim_a1> i calculate support at 53 based on a consolidation drop, which would be around the bottom of the mid dec es coil, but i'd want to see evidence of support, as there doesnt seem to be any yet 11:49

nice again, star 11:50

<szubaark> Covered all Short ES at 1457.75 --> + 1.25 «« paper »»

Buys ES @ 1457.75 «« paper »» 11:51

* codehead_afk is now known as codehead

<szubaark> Exited all Long ES at 1456.25 --> - 1.5 «« paper »» 12:09

Shorts ES @ 1456.25 «« paper »»

exit stop moved to breakeven ES @ 1456.25 «« paper »» 12:24

<Tim_a1> well, we got 53, but is it support? 12:25

<szubaark> no pullbacks, amazing

<Brutus> who knows T, thats what stops are for 12:27

:)

<szubaark> yup Brutus 12:28

like emini said, Stop is your best friend :))

<Tim_a1> is there a chorus in here?

:)

<Brutus> If I was trading like stowe id accumulate at 63 level for a 61% retrace 12:30

<szubaark> Covered all Short ES at 1454 --> + 2.25 «« paper »»

<Brutus> just a thought see how it pans out 12:31

after FOMC

<szubaark> All my Longs were Losers today, geez no wonder

<startrader> Long ES @ 1453.75 «« paper »»

<Tim_a1> 'crown' formation on es, star? 12:35

(ivb, followed by bullish engulfing) 12:36

<startrader> Yes on the 5 min, looking for 59 before 2:00pm. 12:37

<Tim_a1> 'crowned' right at the 53 level 12:38

<Brutus> meant 53 non 63

<Tim_a1> you're pretty big on ivbs arent you star? 12:39

<startrader> In certain contexts, 59 will be a stretch. I really like the 15 and 60 min ivbs. 12:41

Exited 1/2 ES Long @ 1455.75 --> + 2 «« paper »»

15 min cl is looking like a top. 12:46

<Tim_a1> er2 kind of looks like it had a 'final slam' 12:47

ending in a 'crown'

on the 5 minute. but the entry and exit bars of the crown force a large stop 12:48

<startrader> Long ES @ 1453.75 -> Add «« paper »» 12:51

<Tim_a1> crud hits $100 ->ouch 12:52

<NihabaAshi> wow 12:53

<Brutus> $3.5/ gallon ? 12:54

<pat12> this is what iraq war has done ..lol

<Tim_a1> iran report helped it back down, pakistan jacked it back up 12:55

how people could have forgotten the lessons of the 1970s i'll never understand 12:56

<startrader> Need a 15 min close here above 55.75. 12:57

<NihabaAshi> Consumers aren't willing to make major changes in their consumption habits until it cost about $5 per gallon 12:58

<pat12> right N...

<startrader> Exited 1/2 ES Long @ 1455.75 --> + 2 «« paper »»

<pat12> & the politicians know it so they dont give a damn 12:59

<Tim_a1> i remember in horrin in 1998 seing 87 cents a gallon, and 2 suburbans in every driveway in wichita, knowing where it would take us, and here we are 13:00

<startrader> Holding 1 short here, run some short stops b4 2. 13:01

1 long here I mean.

There goes gcl. 13:05

<Tim_a1> gcl?

<startrader> cl, oil, I watch the gcl. 13:06

Long ES @ 1451.75 -> Add «« paper »» 13:14

<X> #FuturesTrades Info -> Chat room for traders and intermarket analysis of Emini Futures (EMD, ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQQ, SPY) 13:27

<Brutus> 01/02/2008 13:22 *DJ Libya Oil Head: No Need For OPEC To Raise Output With $100 Oil 13:30

<szubaark> Shorts ES @ 1453 «« paper »» 13:31

<Brutus> saudi arabia declares national holiday lol

<startrader> 60 and 15 min es looking good for a move higher. adding aat 54. 13:32

Exited all ES Long @ 1455.25 --> + 5 «« paper »» 13:36

<Brutus> n1 ST 13:42

<startrader> Don't want to hold into 2:00. 13:43

<Tim_a1> is 2:00 just meeting minutes? 13:45

<NihabaAshi> Looks like PRE 2pm est FOMC minutes price reaction or anticipation

volatility breakout 13:46

Almost...won't know for sure in a few secs. 13:47

Confirmed...voaltility breakout

Good resistance are here for ER2...if it gets above it...should move fast upwards. 13:48

<ItalianSharp> we should see some fireworks in a few minutes 13:57

oil hit $100 today didnt it? 13:59

<NihabaAshi> Shorts ER2 @ 759.00 -> small size 14:01

intuition trade and a trade error...

Will just try to manage it.

Covered ER2 Short @ 759.60 --> - 0.6 14:02

Reverse and Enter Long ER2 @ 759.60

<Guest35179> Shorts ER2 @ 758 14:05

<NihabaAshi> Exited ER2 Long @ 757.70 --> - 1.9

Reverse and Enter Short ER2 @ 757.70

<startrader> Shorts ES @ 1457 «« paper »»

<szubaark> :( 14:06

<NihabaAshi> geeesh

<Guest35179> Covered all ER2 Short @ 758.4 --> - 0.4

Long ER2 @ 759.3 14:07

<NihabaAshi> Covered ER2 Short @ 759.50 --> - 1.8

<startrader> Covered all ES Short @ 1458.75 --> - 1.75 «« paper »»

<szubaark> Covered all Short ES at 1460.75 --> - 7.75 «« paper »»

:((

Buys ES @ 1460.75 «« paper »»

<NihabaAshi> back to back volatility breakouts...

Rare

Long ER2 @ 791.50 -> medium size 14:09

<ItalianSharp> 3-way volatility niha...amazing

up-down-up....

hopefulyl it'll stay up now

<NihabaAshi> Yeah...its a rare movement... 14:10

<Tim_a1> my resolution for 2008 was no FOMC trading

<NihabaAshi> Got find a place to jump on anywhere before it pops again.

<szubaark> wow.. amazing frikin day so far

<Guest35179> Exited all ER2 Long @ 763.1 --> + 3.8

<startrader> Shorts ES @ 1463 «« paper »» 14:11

<NihabaAshi> I got the right size...hopefully it holds and goes higher to allow me to 2x my profit goal for the day.

:(

<szubaark> thats a HUGE WRB candle 14:12

<NihabaAshi> It should have one more volatility pop...only reason why I'm still holding.

If not...I'll get stopped out for only a few tick profits :( 14:13

<Guest35179> Long ER2 @ 762.9 14:14

<NihabaAshi> Key markets are in sync to the upside...but no second wind upwards :(

<Guest35179> Exited all ER2 Long @ 764.7 --> + 1.8

<NihabaAshi> Exited 3/4 ER2 Long @ 764.70 --> - 26.8 14:15

Ooops :)

<szubaark> Exited all Long ES at 1464 --> + 3.25 «« paper »»

<NihabaAshi> That's a profit

My entry saids 791.50 when it should have said 761.50 14:16

Anyways... +3.2 on each contract...still holding 1 contract

<startrader> Covered ES Short @ 1464 --> - 1 «« paper »» 14:19

Reverse and Enter Long ES @ 1464 «« paper »»

<Brutus> sells 53 line @ 65 +12 :)) 14:20

<Guest35179> Shorts ER2 @ 763.5

<NihabaAshi> Exited remainder ER2 Long @ 763.50 -> +2.00

<szubaark> Shorts ES @ 1463.25 «« paper »»

<NihabaAshi> Key markets no longer in sync...support for me to stay in that Long is gone now. 14:21

volatility breakout again (1min chart) 14:22

<startrader> Exited all ES Long @ 1463 --> - 1 «« paper »»

<Guest35179> Covered all ER2 Short @ 762.8 --> + 0.7

<szubaark> exit stop moved to breakeven ES @ 1463.25 «« paper »» 14:24

Hopefully i can catch one more down spike 14:26

Covered all Short ES at 1461.24 --> + 2.01 «« paper »» 14:29

<startrader> Shorts ES @ 1461.75 «« paper »» 14:31

<szubaark> Buys ES @ 1462.25 «« paper »» 14:33

Exited all Long ES at 1460 --> - 2.25 «« paper »» 14:35

<startrader> Covered all ES Short @ 1459.75 --> + 2 «« paper »» 14:36

<szubaark> Buys ES @ 1460 «« paper »»

Exited all Long ES at 1457 --> - 3 «« paper »» 14:39

Shorts ES @ 1457 «« paper »»

<startrader> Frusturating huh sz? I don't trade news well.

<szubaark> yes, tried to buy pullback isnt working 14:40

Lets go test low of day then

<startrader> 15 min close below 56.375 will help. 14:43

56.75 14:44

* sep34_away is now known as sep34_ 14:45

<startrader> Shorts ES @ 1458 «« paper »» 14:53

<NihabaAshi> Shorts ER2 @ 757.80 -> small size 14:56

<startrader> Shorts ES @ 1456 -> Add «« paper »» 14:57

<NihabaAshi> ER2 moving too fast for me to get decent entries...

Trades this afternoon have been big time "chasers".

<startrader> Covered 1/2 ES Short @ 1454 --> + 2 «« paper »» 14:59

<NihabaAshi> Covered 2/3 ER2 Short @ 755.70 --> + 2.1 15:00

<szubaark> nice trading today star

<startrader> Thanks, shook my mojo on the number, just had to get back at it aggressively. 15:01

Covered Remainder ES Short @ 1453.50 --> + 4.5 «« paper »» 15:02

<Tim_a1> what called your 1456 short star? 15:04

<NihabaAshi> Getting greedy on the remainder only because I've already 2x my profit goal today.

<startrader> Long ES @ 1453.75 «« paper »»

1453.25, see if that 15 min ivb holds. 15:05

<szubaark> hopefully i can get a WRB around this low of day area for exit

<ItalianSharp> szu, be quick with your short because this area is where ES may rebound strongly IMO

meaning, be quick in takin profits or reacting to heavy buying 15:06

<szubaark> yes Italian,watching closely

<ItalianSharp> mkt looks bearish, but its speed is tough to handle

<szubaark> Covered all Short ES at 1451 --> + 6 «« paper »»

<ItalianSharp> nice szu

<szubaark> thx

<ItalianSharp> :)

<NihabaAshi> Covered Remainder ER2 Short @ 753.60 --> + 4.2

WRB Analysis

Learn More

<startrader> Exited all ES Long @ 1450.25 --> - 3.5 «« paper »» 15:07

1:45 and 2:30 15 min bar closes set the line at 56.25.

<szubaark> too bad i had to eat 2 Longs trying to buy pullbACK TO UPSIDE

<ItalianSharp> longs have been brutal today 15:08

<startrader> Long ES @ 1449.50 «« paper »»

<Tim_a1> combined with lacklust santa clause rally, a bearish start

<szubaark> YES, pullbacks were almost non-existant.. you had to be FAST on trigger with longs

<startrader> Think they will try to keep 60 min close above 50.75. 15:14

<szubaark> Shorts ES @ 1450.50 «« paper »» 15:18

Covered all Short ES at 1452 --> - 1.5 «« paper »» 15:24

Buys ES @ 1452 «« paper »»

lets see if they take it up last hour

<startrader> Long ES @ 1452.25 -> Add «« paper »»

* NihabaAshi is now known as NihabaAshi_away

<startrader> Exited all ES Long @ 1452 --> + 2.25 «« paper »» 15:26

<werner> gn all 15:31

<szubaark> gn

<startrader> will get short under 51.50 for new lows.

<szubaark> exit stop moved to breakeven ES @ 1452 «« paper »» 15:32

either goes or we going down some more here 15:33

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<startrader> Shorts ES @ 1453.25 «« paper »»

<szubaark> hehe.. the 3:30 bunch is at it again 15:35

<startrader> Shorts ES @ 1455 -> Add «« paper »» 15:37

<szubaark> Exited all Long ES at 1454.50 --> + 2.5 «« paper »» 15:38

<startrader> Shorts ES @ 1456.25 -> Add «« paper »» 15:43

Shorts ES @ 1453.50 -> Add «« paper »» 15:46

Covered all ES Short @ 1454 --> - 1.25 «« paper »» 15:54

Volume was pretty anemic for the action. Think we visit the lows overnight. Will go in short at 56.50 for a test of the lows with stop at 58.25. 16:04

* NihabaAshi_away is now known as NihabaAshi 16:13

<Brutus> ============ U.S. MARKETS ACTION =========== 16:14

DJIA down 228.74 points to 13036.40

NASDAQ down 42.21 points to 2607.42

S&P 500 down 21.61 points to 1446.70

10-year T-note up 101/32 at 102 27/32 yield 3.899

NYMEX Spot Crude up $3.64 at $99.62/bbl at close

Dollar/Euro up 0.0136 at 1.4728

http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={eee4b 16c-ecbd-469b-a90e-466e209be5a8}

<X> #FuturesTrades Info -> Chat room for traders and intermarket analysis of Emini Futures (EMD, ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQQ, SPY) 17:39

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