#FuturesTrades January 8th Tuesday 2008 Trade Log

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: Tue Jan 08 02:58:24 2008Session Ident: #futurestrades
* Now	talking in #futurestrades	02:58
<X>	[NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
* NihabaAshi	is now known as NihabaAshi_away
<Nesi>	good morning	08:14
<futurible>	good morning Nesi an all
<Nesi>	hi
<Brutus>	01/08/2008 08:20 *DJ Plosser: US Unemployment Rate Likely To Rise Over 5%	08:20
<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)	08:22
<sb>	gm	08:49
* sep34_away	is now known as sep34	09:14
<NihabaAshi_away>	Good morning all.	09:25
<Pepe>	gm all
* NihabaAshi_away	is now known as NihabaAshi
<Nesi>	hi guys
<drt>	gm everyone	09:28
<Nesi>	good luck all	09:29
	Long ER2 @ 729.30 «« paper »»	09:30
<bulldog>	gm and good luck to you also	09:31
<PapaJon>	gm all	09:32
<Nesi>	Exited all ER2 Long @ 729.20 --> - 0.1 «« paper »»	09:33
	Long ER2 @ 729.80 «« paper »»	09:35
<szubaark>	Shorts ES @ 1428.25 «« paper »»	09:37
<Brutus>	1000/1500 Nov Pending Home Sales Index -0.8% +0.6%
	1050/1550 Boston Fed Pres Rosengren speaks at the Connecticut
	Business & Industry Association's "The 2008 Economic Summit
	and Outlook Conference" in Hartford, Conn.
	1500/2000 Nov Consumer Credit, in dollars
	Consumer Credit Outstanding 8B 4.7B
<Nesi>	Exited all ER2 Long @ 730.00 --> + 0.2 «« paper »»	09:38
<gabe>	Shorts ES @ 1428.00 «« paper »»
<Nesi>	Long ER2 @ 729.70 «« paper »»	09:39
<gabe>	Covered ES Short @ 1429.00 --> - 1 «« paper »»	09:40
	Reverse and Enter Long ES @ 1429.00 «« paper »»
<Nesi>	Long ER2 @ 731.20 -> Add «« paper »»
<eminitrader>	Shorts ES @ 1429.75
<hum_g>	gm sall
<szubaark>	exit stop set ES @ 1431.25 «« paper »»	09:41
<Nesi>	Exited 1/2 ER2 Long @ 732.00 --> + 0.8 «« paper »»
<gabe>	Exited all ES Long @ 1430.75 --> + 1.75 «« paper »»
<szubaark>	Covered all Short ES at 1431 --> - 2.75 «« paper »»
	Buys ES @ 1431 «« paper »»
<eminitrader>	Covered ES Short @ 1431.25 --> - 1.5	09:42
	Reverse and Enter Long ES @ 1431.25
<Nesi>	Exited Remainder ER2 Long @ 733.40 --> + 3.7 «« paper »»
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)
<eminitrader>	Exited 1/2 ES Long @ 1432.75 --> + 1.5	09:44
<startrader>	Shorts ES @ 1432.75 «« paper »»
	Shorts ES @ 1432.75 -> Add «« paper »»	09:46
<eminitrader>	Exited 1/3 ES Long @ 1432.25 --> + 1
<Nesi>	Long ER2 @ 734.20 «« paper »»
<szubaark>	Exited all Long ES at 1434 --> + 3 «« paper »»	09:47
<eminitrader>	Exited Remainder ES Long @ 1434.25 --> + 3
<Nesi>	Exited all ER2 Long @ 735.80 --> + 1.6 «« paper »»	09:48
<szubaark>	nice emini
<NihabaAshi>	Nothing so far to get me into this upmove :(
<eminitrader>	thx szu
<bulldog>	Shorts ER2 @ 735.50 «« paper »»	09:49
<Nesi>	Long ER2 @ 734.40 «« paper »»	09:52
<eminitrader>	Shorts ES @ 1433.25	09:53
<Andy>	getting extremely wierd breadth data in tradestation	09:54
	weird, also	09:55
<Nesi>	Exited all ER2 Long @ 734.40 --> 0 «« paper »»
<bulldog>	Covered 1/3 ER2 Short @ 734.30 --> + 1.2 «« paper »»
<deepitm>	Shorts YM @ 12925	09:57
<Nesi>	Shorts ER2 @ 733.70 «« paper »»
<eminitrader>	Covered 1/2 ES Short @ 1431.75 --> + 1.5	09:58
<deepitm>	Covered 1/3 YM Short @ 12915 --> + 10	09:59
<Nesi>	must be numbers	10:00
<bulldog>	Covered 1/3 ER2 Short @ 732.50 --> + 3 «« paper »»
<Nesi>	Covered all ER2 Short @ 732.80 --> + 0.9 «« paper »»
<eminitrader>	Covered 1/3 ES Short @ 1430.25 --> + 3
<Brutus>	vn emt	10:01
<Nesi>	Long ER2 @ 734.00 «« paper »»
<eminitrader>	Covered Remainder ES Short @ 1433.25 --> 0
<szubaark>	Buys ES @ 1433.25 «« paper »»
<eminitrader>	thx B
	Long ES @ 1433.25	10:02
<bulldog>	Covered Remainder ER2 Short @ 735.50 --> 0 «« paper »»
<Nesi>	Exited all ER2 Long @ 736.40 --> + 2.4 «« paper »»	10:04
<eminitrader>	expect a trend up day ...high probability
	Exited 1/2 ES Long @ 1435.25 --> + 2	10:05
<ItalianSharp>	emini, can you expand on why you expect a trend up day please? thanx	10:06
<eminitrader>	reaction future mrkt flow thru price action
	reaction = reading	10:07
<deepitm>	Covered 2/3 YM Short @ 12945 --> - 20
<ItalianSharp>	ok...but why a trend up day instead of an up day?
<eminitrader>	cause u may see minor pullnacks based on what i can read	10:08
<ItalianSharp>	trend up day implies very little retracements...can you read that as well??? i know you are good, didnt know THAT GOOD!
<eminitrader>	this shld be good till 1 pm
<szubaark>	Exited all Long ES at 1436.75 --> + 3.5 «« paper »»	10:09
<eminitrader>	remember its all abt probabilities
	what i am saying is that there is a very high probability
<bulldog>	Shorts ER2 @ 738.70 «« paper »»
<ItalianSharp>	yep, good job anyways - even if you are wrong -
<eminitrader>	Exited 1/3 ES Long @ 1437.25 --> + 4
<ItalianSharp>	if a trend up day is in the cards, the problem is WHEN TO JUMP ABOARD?	10:10
	need to be patient and wait for pullbacks...i hate trend up days	10:11
<eminitrader>	rs look to get in long 1431-1434...stop wld be 1428.75	10:12
	rrs = ES
<bulldog>	Covered 1/2 ER2 Short @ 737.70 --> + 1 «« paper »»
<szubaark>	emini, did u get my pm?
<eminitrader>	that wld be a low risk high probabilty entry
	no szu	10:13
<bulldog>	Covered Remainder ER2 Short @ 738 --> + 0.7 «« paper »»	10:15
<eminitrader>	hint - on days like these counter trend signals are 90% fake...and are faded by proffesionals ...so be careful on ur shorts..	10:19
<ItalianSharp>	that's what happens on most of trend days...otherwise they wouldn't be called trend days would they? :)
<eminitrader>	to make it easier - its lot more easier making money staying with the trend rather than scalping ct	10:20
<ItalianSharp>	agree
<eminitrader>	if Es tests 1431 - 1434 and on its bounce which it shld from this area ..it fails to make new highs ...expect the gap to be filled...high probability gap fill trade then sets up	10:23
<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)	10:25
<eminitrader>	oh boy did't even get to 1434 before attemptin a retest ..shows the strenghth of the move -- IS thats what i meant by a trend up day
	but cld still bounce back to the supp area	10:26
	low probability thogh
<bulldog>	Interesting article on trend days...http://www.traderslog.com/capturi ng-trend-days.htm	10:28
<eminitrader>	Long ES @ 1433.50 -> Add
	will add upto 1431.75...if it gets there	10:29
	k .if ES now fails at the high ..high probability gap fill if it takes out a low...otherwise expect a chop	10:31
	Long ES @ 1432.50 -> Add	10:32
<szubaark>	but for now scalps are definetly out of the question
<eminitrader>	looks like it has now shook out the weak hands..cld probabbly test last line of support	10:33
<ItalianSharp>	emini, even if the market eventually makes new highs and goes, this is not a trend day to me...I interpret trend days those days where countertrend players are "trapped" in their positions because the market gives no pullbacks to cover their trades...especially to those trades who keep adding and averaging down	10:35
	it could develop as a trend day later, but so far it's not
<szubaark>	Buys ES @ 1432.25 «« paper »»
<ItalianSharp>	basically, shorts had a nice run right now, so they aren't "trapped"	10:36
	i see late longs being trapped instead
<eminitrader>	u can always expect 1 pullback after a start of a trend ...this is usually to release buying/selling pressure before it makes it actual move...
<ItalianSharp>	yes, in fact i am not saying a trend day is not possible...we don't have one just yet	10:37
<eminitrader>	key is being able to stay in the trade avoiding the noise...
	right now 90$ of traders are unsure which way the flow is going...
	Long ES @ 1431.75 -> Add	10:38
	being able to read gives a statistical edge...
<ItalianSharp>	i myself have a bullish bias, but not very strong	10:39
<eminitrader>	that being said. i think yhe low for the test of high has now been set @ 1431. area
	its now a waiting game :)	10:40
<szubaark>	:)
	taking out 1435 should get more Buyers stepping in	10:41
<eminitrader>	if it takes out my stop @ 1428.75 and then goes on to make new lows..
	then be ready to get a nice entry for a gap fill set-up	10:42
<bulldog>	Long ER2 @ 732.40 «« paper »»
<eminitrader>	lets now wait and see whats in store for us..
	key is not to be overwhelmed when it goes against you ...but have a plan to go with the direction of the move	10:43
	this bounce is from the last line of support @ 1431 as i said before	10:44
	.this bounce shld test the highs
	shld = high probability
<szubaark>	emini why Stop@1428.75?	10:45
<eminitrader>	pa has now given a confirmation of a up move thru the 3 min bar
<startrader>	dt and ivb on 15 min at 50% around 1536.50 from yesterdays h to l.	10:46
<eminitrader>	so my stop is now 1431
<startrader>	Having charting and platform problems last 2 days.
<szubaark>	Exited all Long ES at 1430.75 --> - 1.5 «« paper »»	10:48
<eminitrader>	Exited all ES Long @ 1431 --> - 3
<bulldog>	Exited Remainder ER2 Long @ 732 --> - 0.4 «« paper »»
<szubaark>	Shorts ES @ 1430.75 «« paper »»
<eminitrader>	szu 1428.75 is the pivotal support ...if that breks then expect a high probability of new lows	10:49
	Es still in support area..till that is taken out
<szubaark>	i was expecting a stronger bounce here@1432
<eminitrader>	i move my stop cause i read breaking of 1431 lowers the probability of new highs ...at least for now	10:50
	Long ES @ 1430.75	10:51
	stop is 1428.75	10:52
	still a low probability ...so lot size is 5
<pdays>	Long ER2 @ 732.0	10:53
<szubaark>	exit stop set ES @ 1433.75 «« paper »»	10:55
<eminitrader>	Exited 1/3 ES Long @ 1432.75 --> + 2
	hld 3	10:56
<szubaark>	Deep pullback so far, they shakin everyobody out
<eminitrader>	probability now is that shakeout cld very well be the direction of the move szu..	10:57
	Exited ES Long @ 1431.75 --> + 1
	Reverse and Enter Short ES @ 1431.75
	10 lot
<szubaark>	bounces at major Fibs were Short lived, saying its Weak and wants Down	10:58
<eminitrader>	think we r on for a gap fill...unless it decides to go to cchop mode
<Andy>	Long ER2 @ 731.9 -> small size
<szubaark>	they still need to get those Overnight Stops Below :))	10:59
<Bambam-77>	pos er trgt 28.7 with range expantion to 23.6	11:00
	current pos is ss with trail stp at 33.7 swing ss	11:01
<eminitrader>	man this sucks :((
<startrader>	Shorts ES @ 1432 «« paper »»	11:03
<szubaark>	yup, nothing textbook thats for sure LOL
<Andy>	Exited all ER2 Long @ 729.0 --> - 2.9	11:04
	that's wrong
	Exited all ER2 Long @ 731.0 --> - 0.9
<pdays>	Exited all ER2 Long @ 731.2 --> - 0.8	11:05
<bulldog>	Long ER2 @ 730.60 «« paper »»
<NihabaAshi>	Shorts ER2 @ 731.20 -> small size	11:06
<eminitrader>	Covered 1/2 ES Short @ 1429.75 --> + 2	11:07
<NihabaAshi>	Just lost my Gold and Oil charts in the middle of a trade.	11:08
	:(
<bulldog>	lost TS data feed	11:09
<eminitrader>	remember guys...trend is still up as long as 1428.75 holds....	11:10
<silo>	oil 2min still up
	gold following a bit
	but not much strength here
	losing steam
	now
<eminitrader>	k its tested that ...now we need confirmation of change in trend	11:11
<startrader>	Covered all ES Short @ 1428.75 --> + 7.25 «« paper »»	11:12
<szubaark>	emini why u see strong Support@1428.75?
<eminitrader>	excellent trade s :)
<szubaark>	nice star
<eminitrader>	yes szu
<Brutus>	ex ST
<eminitrader>	its noe taken out
<startrader>	ty	11:13
<NihabaAshi>	Covered 2/3 ER2 Short @ 729.00 --> + 2.2
<eminitrader>	Covered ES Short @ 1427.75 --> + 4
	hld 2
<bulldog>	Exited all ER2 Long @ 730.10 --> - 0.5 «« paper »»	11:14
<NihabaAshi>	oh oh...
<szubaark>	Covered all Short ES at 1426.25 --> + 4.5 «« paper »»
<startrader>	27 had given us resistance the last 2 days, see if it shapes up for support.
<NihabaAshi>	that's a big Dark WRB
<silo>	nice man.. you still have a 1/3	11:15
	way to go
<NihabaAshi>	Covered Remainder ER2 Short @ 726.70 --> + 4.5	11:16
<Pepe>	wow
	very nice
<startrader>	Long ES @ 2536 «« paper »»	11:17
	Exited all ES Long @ 2536 --> 0 «« paper »»
	Long ES @ 1425.25 «« paper »»	11:18
<eminitrader>	Covered Remainder ES Short @ 1424.75 --> + 7	11:22
	be back ...
	highj probabilty of testing 1415-1420 area	11:24
	later guys have a order to go long 1417
<Brutus>	good short e	11:25
<eminitrader>	thx b	11:32
	Long ES @ 1418	11:50
	Exited 1/3 ES Long @ 1420 --> + 2	11:54
<ItalianSharp>	if YM is to bounce, this is a good area to do it	11:55
<eminitrader>	yep ...expecting new highs on the ES	11:56
<Bambam-77>	pos trend change stp now 718.80 for swinf long	12:01
	713.40 now pos trgt ss trigger hit	12:04
<eminitrader>	Long ES @ 1418 -> Add
	now back to 10
<Bambam-77>	usinf 720.90 as long trigger and ss stp	12:05
	we in chop looking for long entry with 718.7 stp will wait for retrc as close to stp as posible	12:11
	do not want risk greater than 1 point	12:12
<eminitrader>	Exited 1/2 ES Long @ 1423 --> + 5	12:16
	hld 5	12:17
<Bambam-77>	21.10 area pos long entry stp 20.30	12:21
<eminitrader>	Exited 1/3 ES Long @ 1422 --> + 4	12:26
	hld 3
<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)	12:28
<werner>	yo all	12:32
<Bambam-77>	long 21.6 stp 21.10
<eminitrader>	Long ES @ 1420 -> Add	12:34
	hld 5
<Bambam-77>	first lot off at 22.60	12:36
	2 lots left
* DisconnectedSession	Close: Tue Jan 08 12:40:59 2008	12:40
	Session Start: Tue Jan 08 12:42:14 2008Session Ident: #futurestrades
* Now	talking in #futurestrades	12:42
<X>	[NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTra desChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrad es.htm
<eminitrader>	Exited Remainder ES Long @ 1419 --> 0	12:43
<startrader>	Long ES @ 1420 «« paper »»	12:45
<eminitrader>	Long ES @ 1421	12:47
	Exited all ES Long @ 1421 --> 0	12:48
* sep34	is now known as sep34_away	12:50
<szubaark>	Covered all Short ES at 1422.25 --> - 2.75 «« paper »»	12:51
	Buys ES @ 1422.25 «« paper »»	12:52
<NihabaAshi>	Shorts ER2 @ 721.90 -> small size	12:56
	Lost a few ticks on that on the entry :(
<szubaark>	deciding which way wants to go	12:58
<domvert>	we just in a coil-	12:59
	hope we go down
	looking for 720 f we break 722	13:00
<szubaark>	Exited all Long ES at 1419.75 --> - 2.5 «« paper »»
	Shorts ES @ 1419.75 «« paper »»
<NihabaAshi>	Covered all ER2 Short @ 720.90 --> + 1	13:01
	I've reached my profit goal for the trading day (only took two trades)...	13:02
	Thus, I'm now officially in profit protection mode.
	1 contract only for the remainder of the trading day.
<Nesi>	Long ER2 @ 721.10 «« paper »»	13:05
<startrader>	Cash 1410 heck of a #!	13:06
<szubaark>	Covered all Short ES at 1423.50 --> - 3.75 «« paper »»	13:07
	:((
	Buys ES @ frikin chop «« paper »»
	Buys ES @ 1423.50 «« paper »»
	5 min candle from Hell	13:08
<Brutus>	01/08/2008 13:08 *DJ Countrywide: 'No Substance' To Bankruptcy Rumors >CFC	13:09
<Nesi>	Exited all ER2 Long @ 724.50 --> + 3.4 «« paper »»	13:13
	something maybe maybe clicking
	i am using LINE charts
	i used to read line charts for so many years
<eminitrader>	[11:57:07] <eminitrader> yep ...expecting new highs on the ES	13:14
<startrader>	Exited ES Long @ 1427 --> + 7 «« paper »»
	Reverse and Enter Short ES @ 1427 «« paper »»
<eminitrader>	sad thuing here is i got shook out "((
<szubaark>	well, u got shook out once, me 4 times :((	13:15
<eminitrader>	lol
<startrader>	Covered all ES Short @ 1425 --> + 2 «« paper »»	13:17
<Nesi>	choparola so far	13:19
<szubaark>	Exited all Long ES at 1423.50 --> 0 «« paper »»	13:20
	Shorts ES @ 1423.50 «« paper »»
	Weird Price Action	13:21
<Nesi>	big fight going on in this zone..imo
<eminitrader>	Long ES @ 1424
	shld see some more downside ...will add to 1422	13:22
	Exited ES Long @ 1425.50 --> + 1.5	13:24
	Reverse and Enter Short ES @ 1425.50
	have buys @ 1423 and 1422 ..be back	13:25
<szubaark>	Covered all Short ES at 1426.50 --> - 3 «« paper »»	13:26
	Buys ES @ 1426.50 «« paper »»
<startrader>	Shorts ES @ 1426.50 «« paper »»
<Nesi>	Long ER2 @ 724.00 «« paper »»	13:27
	Exited all ER2 Long @ 725.00 --> + 1 «« paper »»
<NihabaAshi>	Volatility Breakout	13:28
<startrader>	Covered ES Short @ 1426.75 --> - 0.25 «« paper »»
	Reverse and Enter Long ES @ 1426.75 «« paper »»
	Exited all ES Long @ 1427.25 --> + 0.5 «« paper »»	13:29
<NihabaAshi>	Oil and Gold trying to give some support to the breakout
<Nesi>	trying to go back in the earlier range..imo	13:30
<eminitrader>	Shorts ES @ 1427 -> Add
<startrader>	27.50 is 50% of days range, don't want to buy into that test.
<eminitrader>	trend is long now
<NihabaAshi>	support gone
<eminitrader>	but expecting a pullback to reverse	13:31
<domvert>	agree niha
	no support
	they might do a rug pull
<eminitrader>	Covered 2/3 ES Short @ 1424.50 --> + 2.5
<Nesi>	i am watching IF it try again around 724.50 725 area
<szubaark>	damn thing is choppy
<domvert>	rug pulled	13:33
<silo>	wow quick reversal
<domvert>	think we go lods
	just my opinion
<szubaark>	Exited all Long ES at 1424 --> - 2.5 «« paper »»
	geez
	Shorts ES @ 1424 «« paper »»
<Nesi>	Long ER2 @ 722.00 «« paper »»	13:34
<eminitrader>	Covered ES Short @ 1423.50 --> + 2	13:37
	Reverse and Enter Long ES @ 1423.50
<Nesi>	Exited all ER2 Long @ 721.00 --> - 1 «« paper »»	13:39
<startrader>	Long ES @ 1422.75 «« paper »»
<eminitrader>	missed a add @ 1422	13:40
<Nesi>	Long ER2 @ 721.50 «« paper »»
<eminitrader>	Long ES @ 1422.50 -> Add	13:41
<Nesi>	come on ER..pussh :)
<domvert>	here comes 720	13:42
<Nesi>	Long ER2 @ 722.00 -> Add «« paper »»	13:43
<startrader>	Exited all ES Long @ 1425 --> + 2.25 «« paper »»	13:45
<Brutus>	hmm looks like a pullback to sucker in the longs	13:47
* sep34_away	is now known as sep34
<eminitrader>	well trend is long now	13:48
<Nesi>	gooo
<Brutus>	ok gl u got a good entry
<Nesi>	Exited 1/2 ER2 Long @ 723.50 --> + 1.5 «« paper »»
<eminitrader>	like i said expect new highs ES
<szubaark>	Covered all Short ES at 1426.25 --> - 2.25 «« paper »»	13:49
	Buys ES @ 1426.25 «« paper »»
<Nesi>	we need mo power :)	13:50
	i am watching IF ER prints 724 724.50 area
<Bambam-77>	on course to 724.50 need to stay above 22.50	13:52
<Nesi>	:)
<eminitrader>	exit stop raised ES @ 1421.75
<Brutus>	there no more power captain, switch on the warp drive	13:53
<Nesi>	big coiling going on..imho
	power coming right up :)
<startrader>	Shorts ES @ 1427 «« paper »»	13:54
<eminitrader>	Exited 1/2 ES Long @ 1426.50 --> + 4
<Nesi>	vn
<Brutus>	vyes vn emt
<eminitrader>	thx n
<Nesi>	one more push to 725 area
	and boombarola
<eminitrader>	still see lot of upside
<Brutus>	nq needs a breakout	13:55
<Bambam-77>	come on 29.25 es
	29.5 is 8/8 murrey trgt	13:56
<Nesi>	Exited Remainder ER2 Long @ 724.60 --> + 3.1 «« paper »»
<eminitrader>	uptrend now confirmed on ES	13:57
<Nesi>	Long ER2 @ 724.20 «« paper »»	13:58
<eminitrader>	Long ES @ 1426.50 -> Add
	hlding 10
<Nesi>	i am watching IF ER goes 725.50 area, fwiw	13:59
<eminitrader>	Exited 1/2 ES Long @ 1429 --> + 2.5	14:00
<startrader>	Shorts ES @ 1429 -> Add «« paper »»
<Bambam-77>	looking for 27.50	14:01
<eminitrader>	Exited 1/3 ES Long @ 1429;50 --> + 1429;50 - 1423.50	14:03
<Nesi>	Long ER2 @ 725.00 «« paper »»
<eminitrader>	Exited 1/3 ES Long @ 1429.50 --> + 6	14:04
	just one exit ...repost
	hld 3
	yhats a 60% fib retrace level...expect some downside here	14:05
<Nesi>	i see power..imho	14:07
	i am watching IF ER goes 725.50 726 now, fwiw
<eminitrader>	trend cld very well chabge if there is enough momemtum to the downside...but very low probability
<Nesi>	ER feels like coiling a bit now..	14:08
	spike hard please
<startrader>	Shorts ES @ 1429 -> Add «« paper »»	14:09
<Nesi>	Exited 1/2 ER2 Long @ 726.00 --> + 1 «« paper »»	14:10
<Bambam-77>	es trgt hit29.5	14:11
<Nesi>	i am watching for ER IF goes near 730 area, fwiw
<Bambam-77>	37.5 could very well be next
<Nesi>	i meant to say.. watching ER IF goes 728 730 area	14:13
<Bambam-77>	28.7 then 38.9 pos trgts	14:15
<Nesi>	Exited Remainder ER2 Long @ 726.20 --> + 1.2 «« paper »»
<Bambam-77>	rtrc to 25.4 posible	14:17
<Nesi>	Long ER2 @ 726.00 «« paper »»	14:18
<Bambam-77>	point and figure support prev resistance
<Nesi>	ER feels like coiling again to me	14:19
	i am watching 728 730 IF its possible :/	14:20
<NihabaAshi>	volatility breakout	14:21
	1min chart
<Brutus>	01/08/2008 14:20 *DJ Bush:Iran Naval Actions In Hormuz Strait `A Provocative Act'
<NihabaAshi>	I would like to see a price pullback here for ER2 to help setup a possible trade signal	14:22
<Nesi>	Exited all ER2 Long @ 728.40 --> + 2.4 «« paper »»	14:26
	Long ER2 @ 728.80 «« paper »»	14:27
<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)	14:28
<NihabaAshi>	ER2 just "creeping" upwards.	14:29
	I see some resistance here...lets see if ER2 pulls back a little	14:31
<Nesi>	Exited all ER2 Long @ 730.40 --> + 1.6 «« paper »»	14:32
<eminitrader>	Exited ES Long @ 1432 --> + 8.5
<Nesi>	vn
<NihabaAshi>	nice trade emini
<eminitrader>	hld 1
	thx n	14:33
	thx niha
<Brutus>	wtg emt
<Nesi>	Long ER2 @ 729.00 «« paper »»
<eminitrader>	thx B ...togh res area...see more upside after pullback
<szubaark>	Exited all Long ES at 1429.50 --> + 3.25 «« paper »»	14:35
<Nesi>	Exited all ER2 Long @ 728.20 --> - 0.8 «« paper »»
<eminitrader>	nice one szu :)
<Brutus>	good long guys	14:36
<szubaark>	thanks.. still down overall due to the Stop outs in the noise
<Nesi>	Long ER2 @ 727.50 «« paper »»	14:38
	some support here..imo	14:42
	Exited all ER2 Long @ 725.00 --> - 2.5 «« paper »»
<szubaark>	Buys ES @ 1427 «« paper »»	14:43
<eminitrader>	Long ES @ 1427 -> Add
<Nesi>	Long ER2 @ 724.00 «« paper »»	14:45
	Exited ER2 Long @ 723.00 --> - 1 «« paper »»	14:46
	Reverse and Enter Short ER2 @ 723.00 «« paper »»
	news?
<szubaark>	Exited all Long ES at 1422.25 --> - 4.75 «« paper »»
	Shorts ES @ 1422.25 «« paper »»	14:47
<Nesi>	Covered all ER2 Short @ 721.90 --> + 1.1 «« paper »»
<szubaark>	that was nasty
<eminitrader>	what happened
<Nesi>	Long ER2 @ 722.00 «« paper »»
<eminitrader>	Exited all ES Long @ 1421.75 --> - 7
<Brutus>	no news	14:48
<Nesi>	ER almost back 10 points in 15 min
	UParola we go :)
<NihabaAshi>	Geeesh...coming down was more impressive than watching it go up :)
<eminitrader>	lol	14:49
<Bambam-77>	now that we flushed its time to go up
<NihabaAshi>	Long ER2 @ 722.80 -> small size
<Andy>	I would say you have safely shaken out the longs	14:50
<eminitrader>	hehehe
	for sure andy
<NihabaAshi>	You shorts in here...stay away from my trade :)	14:51
<Nesi>	Exited ER2 Long @ 722.50 --> + 0.5 «« paper »»
	Reverse and Enter Short ER2 @ 722.50 «« paper »»
<szubaark>	bunch of BS games going on today
<NihabaAshi>	In fact, I highly recommend you guys cover those Shorts right now for nice profits :)
<Brutus>	es gonna get lod stops imo
<Nesi>	Covered all ER2 Short @ 722.00 --> + 0.5 «« paper »»	14:52
	aghh
<NihabaAshi>	Exited ER2 Long @ 721.30 --> - 1.5
	Reverse and Enter Short ER2 @ 721.30
<Nesi>	wow DAX
<NihabaAshi>	Yeah and its going to cause me more problems with that big Dark Hammer line :(	14:53
<bulldog>	Long ER2 @ 721.70 «« paper »»
<Nesi>	me staying away right now
<NihabaAshi>	Covered ER2 Short @ 722.80 --> - 1.5
<bulldog>	Exited 1/2 ER2 Long @ 723 --> + 1.3 «« paper »»	14:54
<NihabaAshi>	I couldn't get out of the path of the DAX :(
<Nesi>	it does not feel right ..imo
<bulldog>	Exited all ER2 Long @ 721.70 --> 0 «« paper »»	14:55
<NihabaAshi>	Shorts ER2 @ 721.30 -> small size
	It's bouncing like a pin ball machine :(
	Same with Gold	14:56
	Oil kind'uv fell asleep here.
<silo>	hehe niha spoke too soon earlier :P
	hehe that was funny
<NihabaAshi>	geeesh
<bulldog>	Long ER2 @ 720.40 «« paper »»
<NihabaAshi>	back to back hammer lines :(
<Andy>	recommending taking a nice short profit at a support line is always timely	14:57
<Nesi>	Shorts ER2 @ 720.00 «« paper »»
<bulldog>	Exited all ER2 Long @ 720 --> - 0.4 «« paper »»	14:58
<jc1>	consumer credit report in a couple min.
<ItalianSharp>	news in 2mins right?
<NihabaAshi>	Covered ER2 Short @ 720.50 --> + 0.8
	Ahhh
<eminitrader>	what news ?
<NihabaAshi>	Market pricing the news in right now	14:59
<Brutus>	consumer credit
<eminitrader>	k thx
<Brutus>	everyone maxing out CC
<silo>	what news
<NihabaAshi>	Shorts ER2 @ 718.50 -> small size
	intuition trade...high risk
<szubaark>	Covered all Short ES at 1416 --> + 6.25 «« paper »»	15:00
<NihabaAshi>	geeesh
<eminitrader>	very nice szu
<Nesi>	Covered all ER2 Short @ 716.60 --> + 3.4 «« paper »»
<ItalianSharp>	i guess the report is not that good
<NihabaAshi>	Not often we see the 3pm est Credit numbers cause this much volatility
<eminitrader>	nice n
<Brutus>	wtg szu
<Nesi>	Long ER2 @ 717.50 «« paper »»	15:01
	Exited all ER2 Long @ 717.40 --> - 0.1 «« paper »»	15:02
<NihabaAshi>	Covered ER2 Short @ 717.90 --> + 0.6
<ItalianSharp>	by the way, the consumer credit number is very positive	15:05
<Nesi>	Long ER2 @ 718.00 «« paper »»
<NihabaAshi>	Everybodies credit that bad to cause such a strong movement...geeesh.
<Nesi>	Exited all ER2 Long @ 719.20 --> + 1.2 «« paper »»	15:06
<domvert>	man knew it
	just to pull in the longs
<Nesi>	Shorts ER2 @ 717.40 «« paper »»	15:08
<bulldog>	Long ER2 @ 716 «« paper »»	15:09
<NihabaAshi>	Shorts ER2 @ 715.60 -> small size	15:10
<Nesi>	Covered all ER2 Short @ 715.40 --> + 2 «« paper »»
<bulldog>	Exited all ER2 Long @ 71320 --> + 70604 «« paper »»	15:11
<NihabaAshi>	missed it by an entire point 716.60 :(
<bulldog>	713.20
<ItalianSharp>	YM is eyeing 12738 now
<NihabaAshi>	Lucky trade so far for me due to the big time chasing.
<bulldog>	oops 714.20	15:12
<ItalianSharp>	YM just broke 12738....it's either bounce time or collapse time now
<NihabaAshi>	Covered ER2 Short @ 715.50 --> + 0.1	15:13
<ItalianSharp>	ES must hold 1298 or mkts could seriously tank
<NihabaAshi>	tough to hold on
	That 1 point wiggle room I lost was costly
<ItalianSharp>	jees...when the mkt falls like this...i keep thinking of all those who average down...ouch	15:14
	god knows how many accts are shut down today
<eminitrader>	very true IS	15:16
<NihabaAshi>	I'm beginning to think that the price action I call "pin ball machine" is just pure frantic trading...
	Like a bar room fight...hit anything near you.
<eminitrader>	looks like a momemtum traders mrkt	15:17
<bulldog>	yeah....
<NihabaAshi>	There's that pin ball maching price action again
	bouncing all over the place
<ItalianSharp>	lol	15:18
<eminitrader>	that drops gotto be news driven...not from just res area being breached	15:19
<bulldog>	wiped out my paper acct.
<eminitrader>	:(
<NihabaAshi>	Shorts ER2 @ 715.60 -> small size
<eminitrader>	aren't u glad its just a simulator :)	15:20
<NihabaAshi>	volatility spike
<bulldog>	:)
<NihabaAshi>	I need a lot of help with all those punches flying my way :)
	DAX trying hard to put in some back to back hammer lines :(	15:21
<Nesi>	Long ER2 @ 714.90 «« paper »»
<bulldog>	weekly s1 @ 711.13	15:22
<NihabaAshi>	Covered ER2 Short @ 713.90 --> + 1.7	15:23
WRB Analysis	Learn More
<Bambam-77>	er heading for 710 area
<NihabaAshi>	geeesh
<Nesi>	Exited all ER2 Long @ 713.20 --> - 1.7 «« paper »»	15:24
<NihabaAshi>	DAX volatility spike with no support in sight	15:25
<bulldog>	Long ER2 @ 712.70 «« paper »»
<Nesi>	buy NQ 1940.50
	Long ER2 @ 714.50 «« paper »»
<NihabaAshi>	Anybody still riding this thunderbolt down from 1433pm est...	15:28
	Congrats
<eminitrader>	startrader u went crazy adding to ur sgort position ,,,u still holding ?	15:29
<bulldog>	Exited 1/2 ER2 Long @ 714 --> + 1.3 «« paper »»
<eminitrader>	never expected this niha...not even in my wildest dreams :)
<NihabaAshi>	I didn't see it coming either...
<Nesi>	out NQ +7	15:30
<NihabaAshi>	I knew there was a pending economic 3pm report but I didn't think the market would do a pre dawn raid.
	Felt like the swat team kicked in the door :)
	Long ER2 @ 715.30 -> small size	15:31
<bulldog>	Exited Remainder ER2 Long @ 715.70 --> + 3 «« paper »»
<NihabaAshi>	more chasing by me but timing entries almost impossible	15:32
<Nesi>	Exited all ER2 Long @ 717.70 --> + 3.2 «« paper »»
<NihabaAshi>	geeesh...strong volatility again	15:33
	Exited ER2 Long @ 717.50 --> + 2.2
	She'll go right back up now that I'm out :(
<Bambam-77>	pos close 1421 area	15:35
<NihabaAshi>	volatility breakout	15:36
<Nesi>	Shorts ER2 @ 716.00 «« paper »»
<NihabaAshi>	Very impressive volatility this afternoon	15:37
	Shorts ER2 @ 716.30 -> small size	15:40
	chasing again via waiting for a better entry price
	still bouncing around
<Nesi>	Covered ER2 Short @ 716.60 --> - 0.6 «« paper »»	15:41
	Reverse and Enter Long ER2 @ 716.60 «« paper »»
<NihabaAshi>	You Longs go away :)
<Nesi>	:)
<silo>	not bad nesi	15:42
<Nesi>	Exited all ER2 Long @ 715.50 --> - 1.1 «« paper »»
<silo>	nice bottom on nq :P
<NihabaAshi>	Feels like a RODEO	15:44
<Nesi>	bullrider
<NihabaAshi>	Covered ER2 Short @ 713.90 --> + 2.4	15:45
<Bambam-77>	er gunning for 07.7	15:47
<ItalianSharp>	ES hunting for 1398	15:49
<Nesi>	Long ER2 @ 710.60 «« paper »»
	10 min to go
	i feel some covering coming soon...imo	15:50
	someone ring the bell please
	bounce time	15:51
<Bambam-77>	come on o7.7
<Nesi>	buy NQ 1932	15:52
<bulldog>	Long ER2 @ 708 «« paper »»	15:53
<Bambam-77>	1396.5 pos es trgt	15:54
<Nesi>	out 1928 -4 NQ	15:55
	nice read, Bambam	15:57
<bulldog>	Long ER2 @ 707 -> Add «« paper »»
<Bambam-77>	1391.25 is posible as well
	4.5 times the initial balance	15:58
<Nesi>	buy NQ 1927
	very very weak ending	16:00
<jc1>	With the SPX down over 5.2%, this is the worst first 5 trading days of the year in 58 years.
<Nesi>	wow
<bulldog>	Exited all ER2 Long @ 707.70 --> + 0.4 «« paper »»	16:01
<Nesi>	what a day...uh
<eminitrader>	yep daytraders dream day :)	16:02
<Bambam-77>	one awsome day best day this year	16:03
<bulldog>	and its not done yet	16:04
<Bambam-77>	er pointing to 02.5 and pos lower	16:05
	measured move has us at 700.50	16:06
<werner>	gn all
<Bambam-77>	1382.75 pos measured move trgt es	16:08
<bulldog>	mid pivots at 703.70
* jc1	is now known as cron
<Brutus>	============ U.S. MARKETS ACTION ===========	16:10
	DJIA down 212.49 points to 12617.79
	NASDAQ down 47.11 points to 2451.91
	S&P 500 down 22.05 points to 1393.66
	10-year T-note up 1/32 at 103 12/32 yield 3.833
	NYMEX Spot Crude up $1.34 at $96.43/bbl at close
	Dollar/Euro up 0.0027 at 1.4713
<startrader>	Covered all ES Short @ 1497 --> - 138 «« paper »»	16:15
<bulldog>	gn all
* NihabaAshi	is now known as NihabaAshi_away	16:23
<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)	16:31
* sep34	is now known as sep34_away	16:33
* DisconnectedSession	Close: Tue Jan 08 21:54:52 2008	21:54
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