#FuturesTrades January 9th Wednesday 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: Wed Jan 09 08:07:42 2008Session Ident: #futurestrades
* Now	talking in #futurestrades	08:07
<X>	[NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
* Retrieving	#futurestrades modes...	08:08
<Nesi>	good morning	08:56
<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)	09:04
<futurible>	gm all	09:09
<lumenPharmer>	gm	09:10
<KN-ER>	Long ES @ 1396.75	09:15
<rickf>	gm all and happy new year
<KN-ER>	sell limit to exit ES long @ 1396.50	09:21
	Exited 1/2 ES Long @ 1398.75 --> + 2	09:26
<Nesi>	good trading all	09:28
<drt>	gm guys	09:30
<KN-ER>	exit limit raised ES @ 1396.75
<rickf>	gm all	09:31
<eminitrader>	Shorts ES @ 1399	09:32
<les>	Shorts ER2 @ 705.7 «« paper »»
<eminitrader>	Covered 1/3 ES Short @ 1397 --> + 2	09:33
<KN-ER>	Exited ES Long @ 1396.75 --> 0
	Reverse and Enter Short ES @ 1396.75
<PapaJon>	gm all	09:34
<les>	Covered 1/3 ER2 Short @ 704.4 --> + 1.3 «« paper »»
<KN-ER>	that would be 1397.75
<szubaark>	Shorts ES @ 1396.25 «« paper »»
<les>	Covered 1/3 ER2 Short @ 703.6 --> + 2.1 «« paper »»
<KN-ER>	Covered 1/2 ES Short @ 1395.75 --> + 1	09:36
<NihabaAshi>	Is elitetrader.com down ???	09:37
<Brutus>	y
<Pepe>	yes
<les>	Covered Remainder ER2 Short @ 705.2 --> + 0.5 «« paper »»	09:38
<eminitrader>	Covered 1/3 ES Short @ 1397 --> + 2
<base>	GM
<KN-ER>	Exited ES Long @ 1397.50 --> + 0.75
	Reverse and Enter Short ES @ 1397.50
<deepitm>	Long YM @ 12662
	Exited 1/2 YM Long @ 1270 --> - 11392
	make that 12770	09:39
<KN-ER>	Long ES @ 1397.50
<eminitrader>	Covered Remainder ES Short @ 1399 --> 0
<szubaark>	Covered all Short ES at 1400.75 --> - 4.5 «« paper »»
<les>	Long ER2 @ 707.3 «« paper »»
<deepitm>	Exited 1/4 YM Long @ 12682 --> + 20
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)
<szubaark>	Buys ES @ 1400.75 «« paper »»
<KN-ER>	Exited 1/2 ES Long @ 1400.75 --> + 3.25
<les>	Exited all ER2 Long @ 709.3 --> + 2 «« paper »»	09:40
<Brutus>	anyoen got esignal data problems?
<les>	ok here
	Long ER2 @ 709.4 «« paper »»	09:41
	Exited 1/2 ER2 Long @ 710.4 --> + 1 «« paper »»
<eminitrader>	Shorts ES @ 1402.50	09:42
<KN-ER>	Exited 1/3 ES Long @ 1402.75 --> + 5.25
<deepitm>	Exited Remainder YM Long @ 12697 --> + 35
<KN-ER>	sell limit to exit ES long @ 1400.50
<eminitrader>	nice trade K
<KN-ER>	thanks eminitrader	09:43
<szubaark>	exit stop moved to breakeven ES @ 1400.75 «« paper »»
<les>	Long ER2 @ 710.2 -> Add «« paper »»
<eminitrader>	Shorts ES @ 1403.50 -> Add
<KN-ER>	entry limit raised ES @ 1401.00	09:44
<szubaark>	Exited all Long ES at 1400.75 --> 0 «« paper »»	09:45
	Shorts ES @ 1400.75 «« paper »»	09:46
<KN-ER>	Exited ES Long @ 1401 --> 0
	Reverse and Enter Short ES @ 1401
<les>	Exited all ER2 Long @ 708.8 --> - 2 «« paper »»
	Long ER2 @ 708.5 «« paper »»	09:47
<startrader>	Long ES @ 1402.25 «« paper »»
<KN-ER>	s/l at 1402.75 and reverse	09:48
<Nesi>	Long ER2 @ 709.00 «« paper »»
<KN-ER>	Covered ES Short @ 1402.75 --> - 1.75
	Reverse and Enter Long ES @ 1402.75
<les>	Exited 1/2 ER2 Long @ 709.5 --> + 1 «« paper »»
<startrader>	Exited all ES Long @ 1403.25 --> + 1 «« paper »»	09:49
<Nesi>	Exited all ER2 Long @ 708.00 --> - 1 «« paper »»	09:50
<startrader>	Shorts ES @ 1401.75 «« paper »»	09:51
<les>	Exited Remainder ER2 Long @ 707.7 --> - 0.8 «« paper »»
<KN-ER>	Exited ES Long @ 1400.25 --> - 2.5
	Reverse and Enter Short ES @ 1400.25
<eminitrader>	Covered 1/3 ES Short @ 1400.50 --> + 3
<NihabaAshi>	Shorts ER2 @ 707.40 -> small size
<startrader>	Covered 1/2 ES Short @ 1400 --> + 1.75 «« paper »»	09:52
<bulldog>	Long ER2 @ 706.70 «« paper »»
	Exited all ER2 Long @ 705.70 --> - 1 «« paper »»	09:53
<eminitrader>	Covered 1/3 ES Short @ 1398.50 --> + 4
* ItalianSharp	is now known as ItalianSharp_no_dece
<startrader>	Covered 1/4 ES Short @ 1399.25 --> + 2.5 «« paper »»
<bulldog>	Long ER2 @ 705.10 «« paper »»	09:54
<KN-ER>	Covered 1/2 ES Short @ 1399.25 --> + 1
<Nesi>	Long ER2 @ 706.00 «« paper »»
<deepitm>	Long YM @ 12692
<Nesi>	Long ER2 @ 706.50 -> Add «« paper »»	09:55
<KN-ER>	Covered all ES Short @ 1400.50 --> - 0.25	09:57
<NihabaAshi>	Covered all ER2 Short @ 707.30 --> + 0.1
	:(	09:58
<KN-ER>	Long ES @ 1401.25
<NihabaAshi>	It came close to my target but obviously not close enough :(
<Nesi>	i set a hard stop one tick above my price and i will let it ride, fwiw
<deepitm>	Exited 1/2 YM Long @ 12702 --> + 10
<Nesi>	IF IF i am right, i will aim for 715 area today
<startrader>	Shorts ES @ 1402.25 «« paper »»
<KN-ER>	Exited 1/2 ES Long @ 1402.25 --> + 1
<eminitrader>	Covered Remainder ES Short @ 1403 --> - 0.5	10:00
<deepitm>	Exited 1/4 YM Long @ 12715 --> + 23
<KN-ER>	Exited 1/3 ES Long @ 1404 --> + 2.75
<Nesi>	Exited 1/2 ER2 Long @ 709.40 --> + 2.9 «« paper »»	10:01
	i will let the other half ride the wave
	712 713 important area for me
<szubaark>	Covered all Short ES at 1404.50 --> - 3.75 «« paper »»
	Buys ES @ 1404.50 «« paper »»
<KN-ER>	Exited 1/3 ES Long @ 1405.25 --> + 4
<NihabaAshi>	Long ER2 @ 710.20 -> small size	10:02
	intuition trade...high risk
<KN-ER>	sell limit to exit ES long @ 1404.00
<deepitm>	Exited Remainder YM Long @ 12729 --> + 37
<Nesi>	oil numbers in 25 minutes	10:04
<NihabaAshi>	There's that jumpy "pin ball machine" price action again :(
<Nesi>	imho, IF ER breaks 711.50 area, probably will spike hard..IMHO	10:05
<KN-ER>	Exited Remainder ES Long @ 1404.00 --> + 2.75
<NihabaAshi>	Exited ER2 Long @ 708.90 --> - 1.3
	Reverse and Enter Short ER2 @ 708.90
	2 contracts now	10:06
<KN-ER>	Shorts ES @ 1404.00
<eminitrader>	Shorts ES @ 1405.25	10:07
<domvert>	we better hold this area	10:08
	or a quick spike down would be expected to around 704	10:09
<deepitm>	Long YM @ 12716
<Nesi>	its coiling..imo	10:10
	something gonna give soon
<domvert>	i am watching the first hour
	before i do anything
	but got to hold here	10:11
<NihabaAshi>	Covered all ER2 Short @ 708.30 --> + 0.6
<Nesi>	so far it holds well
<KN-ER>	Covered all ES Short @ 1403.75 --> + 0.25
<NihabaAshi>	geeesh
<Nesi>	spike to 710.50 711 soon..my read	10:12
<deepitm>	Exited 1/2 YM Long @ 12726 --> + 10
<NihabaAshi>	Nesi...its got the contracting volatility to do "something".
<Nesi>	yup
<NihabaAshi>	Hopefully it sets up something to jump on.
<Nesi>	just a feel that trend is up	10:13
<NihabaAshi>	We also got the pending 1030am EIA Petroleum Status Report
<szubaark>	you never know in this crazy market
<Nesi>	then again, like yesterday, anything can happen
<bulldog>	1st stop 712.40
<NihabaAshi>	Volatility usually shows up around 1015am est in pre-reaction to that report
<Nesi>	2 minutes to go then
	here it s the action probably
	its acting up	10:14
	er almost at day high
<eminitrader>	Covered all ES Short @ 1506.25 --> - 101
<NihabaAshi>	Long ER2 @ 710.50 -> medium size
<KN-ER>	Long ES @ 1405.75
<eminitrader>	oo-ps
<deepitm>	Exited 1/4 YM Long @ 12735 --> + 19
<eminitrader>	Covered all ES Short @ 1406.25 --> - 1
<Nesi>	nasty	10:15
<szubaark>	Exited all Long ES at 1404.50 --> 0 «« paper »»
	Shorts ES @ 1404.50 «« paper »»	10:16
<Nesi>	it needs to hold again
<deepitm>	Exited Remainder YM Long @ 12716 --> 0
<NihabaAshi>	Yeah...that's the infamous pin ball stuff we've been seeing for the past few trading days.
<KN-ER>	Exited 1/2 ES Long @ 1404.75 --> - 1
<Nesi>	rodeo again :/
<KN-ER>	Shorts ES @ 1404.75
	Covered 1/2 ES Short @ 1403.75 --> + 1	10:17
<NihabaAshi>	Exited all ER2 Long @ 708.50 --> - 2
<Nesi>	:/
<deepitm>	Shorts YM @ 12707	10:18
<NihabaAshi>	volatility contracting	10:20
<deepitm>	Covered 1/2 YM Short @ 12697 --> + 10
<Nesi>	Exited Remainder ER2 Long @ 706.20 --> + 0.2 «« paper »»	10:21
<KN-ER>	Covered 1/3 ES Short @ 1400.75 --> + 4
<deepitm>	Covered 1/4 YM Short @ 12687 --> + 20
<domvert>	didn't hold
	expecting 704 here
<KN-ER>	Covered 1/3 ES Short @ 1399.75 --> + 5	10:22
<NihabaAshi>	Shorts ER2 @ 705.30 -> medium size	10:23
<bulldog>	Exited all ER2 Long @ 705.10 --> 0 «« paper »»
<szubaark>	exit stop moved to breakeven ES @ 1404 «« paper »»	10:24
<KN-ER>	Covered Remainder ES Short @ 1398.75 --> + 6
<deepitm>	Covered Remainder YM Short @ 12678 --> + 29
<NihabaAshi>	:(
	Covered all ER2 Short @ 705.10 --> + 0.2	10:25
<szubaark>	Sellers in control
<KN-ER>	Shorts ES @ 1399.25 -> small size
<domvert>	why u covered niha?
<eminitrader>	Long ES @ 1398	10:26
* ItalianSharp_no_dece	is now known as ItalianSharp
<NihabaAshi>	domvert...pin balls )9
	:(
<eminitrader>	Exited 2/3 ES Long @ 1399.50 --> + 1.5
<KN-ER>	Covered all ES Short @ 1400 --> - 0.75	10:27
<Brutus>	u touched it and it took off emt, nice one
	stil good esignal chart issues
<KN-ER>	Long ES @ 1399.75 -> small size
<eminitrader>	agree ...all longs need to be small :)	10:28
	last line of supp 1498 B	10:29
	expected some covering here ...quick scalp
<KN-ER>	:)
<eminitrader>	1498=1398
<Nesi>	geesssshh	10:30
<KN-ER>	Exited all ES Long @ 1401 --> + 1.25
<eminitrader>	Exited ES Long @ 1401 --> + 3
	Reverse and Enter Short ES @ 1401
<Andy>	the zone from 704-705 that stopped the fall yesterday at close has provided support
<Nesi>	oil out
<KN-ER>	looking for a short , a pull back
<NihabaAshi>	volatility contracting
<eminitrader>	if 1398 brek again ...look for new lows	10:31
<Nesi>	Shorts ER2 @ 705.70 «« paper »»	10:32
<deepitm>	That was the best first hour of trading I've had in a long time. I'm going to quit for the day before I do something really stupid and give it all back. Time to step away from the keyboard. Good luck everyone
<Nesi>	nice, thanks deepitm
<eminitrader>	Shorts ES @ 1402 -> Add	10:33
<NihabaAshi>	Market acting as if the Oil numbers hasn't been released	10:34
<Nesi>	Covered all ER2 Short @ 707.00 --> - 1.3 «« paper »»
<eminitrader>	be back ..stop 1404.25
<NihabaAshi>	Same with the Oil Indexes
<Andy>	Long ER2 @ 706.8 -> small size	10:35
<Nesi>	by the time one post the trade here, the ER is like 1 point away :)
<KN-ER>	Long ES @ 1400.25
	Shorts ES @ 1400.25	10:36
<NihabaAshi>	Shorts ER2 @ 706.50 -> medium size
	DAX cough first
<Nesi>	700 looks like big magnet now
<Andy>	Exited all ER2 Long @ 705.8 --> - 1
<NihabaAshi>	I'm going to follow it.
<KN-ER>	Covered 1/2 ES Short @ 1398.75 --> + 1.5
<NihabaAshi>	If the "pin ball machine" shows up...hopefully only after I've reached a profit target.	10:37
<domvert>	here is the 704 finally
	then 702.5
<NihabaAshi>	DAX trying hard to put in a Hammer Line	10:38
<bulldog>	Long ER2 @ 704.90 «« paper »»
<KN-ER>	Covered 1/3 ES Short @ 1399.75 --> + 0.5
<NihabaAshi>	Covered all ER2 Short @ 706.40 --> + 0.1	10:40
	pin ball maching :(
<silo>	:P
	i think bernanke is speaking to morrow
	tomorrow
<KN-ER>	Covered all ES Short @ 1400.75 --> - 0.5
	Long ES @ 1400.75	10:41
	Exited 2/3 ES Long @ 1403.25 --> + 2.5	10:42
<szubaark>	Chop
<KN-ER>	Exited 1/2 ES Long @ 1401.75 --> + 1	10:43
<eminitrader>	Covered ES Short @ 1402 --> - 1	10:45
	Reverse and Enter Long ES @ 1402
	large size
<szubaark>	Covered all Short ES at 1404.50 --> 0 «« paper »»	10:47
<bulldog>	Exited 1/3 ER2 Long @ 707.90 --> + 3 «« paper »»
<eminitrader>	Exited ES Long @ 1404 --> + 2
	Reverse and Enter Short ES @ 1404
<szubaark>	Shorts ES @ 1404 «« paper »»	10:49
* sep34_away	is now known as sep34
<KN-ER>	Exited Remainder ES Long @ 1402.75 --> + 2	10:50
<NihabaAshi>	Shorts ER2 @ 706.70 -> medium size
<eminitrader>	Covered 1/3 ES Short @ 1402 --> 0
<KN-ER>	Shorts ES @ 1402.75
<bulldog>	Exited Remainder ER2 Long @ 705.70 --> + 0.8 «« paper »»	10:51
<KN-ER>	Covered 2/3 ES Short @ 1400.75 --> + 2	10:52
<NihabaAshi>	Covered all ER2 Short @ 705.90 --> + 0.8	10:53
<eminitrader>	Shorts ES @ 1403 -> Add
<KN-ER>	Covered all ES Short @ 1402.75 --> 0
	Long ES @ 1403.25	10:54
<szubaark>	Covered all Short ES at 1404 --> 0 «« paper »»
	Buys ES @ 1404 «« paper »»
<eminitrader>	Covered 1/3 ES Short @ 1402 --> + 1	10:58
	Covered Remainder ES Short @ 1404 --> 0
<KN-ER>	Exited 2/3 ES Long @ 1404.50 --> + 1.25
<szubaark>	IF 1407 taken out, new highs	10:59
<KN-ER>	Exited 1/2 ES Long @ 1404.25 --> + 1
<eminitrader>	Shorts ES @ 1404
	large size
<NihabaAshi>	Shorts ER2 @ 708.40 -> medium size
	trade error :(
<KN-ER>	Exited all ES Long @ 1403.5 --> + 0.25	11:00
<NihabaAshi>	Covered all ER2 Short @ 708.00 --> + 0.4	11:01
* KN-ER	is now known as KN-ES
<NihabaAshi>	Long ER2 @ 708.80 -> medium size
<KN-ES>	Long ES @ 1404 -> small size
	Exited all ES Long @ 1402.25 --> - 1.75	11:03
<szubaark>	Exited all Long ES at 1402 --> - 2 «« paper »»
<NihabaAshi>	Nasty pin ball again :(
<szubaark>	Shorts ES @ 1402 «« paper »»
<eminitrader>	Covered 1/2 ES Short @ 1401.50 --> + 2.5
<silo>	chop city today
<KN-ES>	Shorts ES @ 1402	11:04
<NihabaAshi>	Exited all ER2 Long @ 707.20 --> - 1.6	11:05
<KN-ES>	Covered 2/3 ES Short @ 1400.75 --> + 1.25
	Covered 1/2 ES Short @ 1401 --> + 1	11:06
<NihabaAshi>	Shorts ER2 @ 707.10 -> large size
<eminitrader>	Covered 1/3 ES Short @ 1400 --> + 4
<bulldog>	Long ER2 @ 707 «« paper »»	11:07
<NihabaAshi>	That's a 6 tick movement on very little price action
<KN-ES>	Covered all ES Short @ 1402 --> 0
<NihabaAshi>	Covered all ER2 Short @ 708.70 --> - 1.6	11:08
<bulldog>	Exited all ER2 Long @ 708.70 --> + 1.7 «« paper »»
<domvert>	right here is tricky
	can be up or down
	have to wait for break	11:09
<NihabaAshi>	Shorts ER2 @ 708.00 -> large size
<KN-ES>	Shorts ES @ 1401.75 -> small size
<NihabaAshi>	:(
<Nesi>	back fo last hour, i cant read this :(	11:10
<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)
<NihabaAshi>	I may get lucky this time and get an exit at a profit target
<KN-ES>	Covered all ES Short @ 1399.75 --> + 2
<eminitrader>	missed a fill @ 1399 :(
<silo>	:P	11:11
<NihabaAshi>	Covered ER2 Short @ 707.40 --> + 0.6	11:12
	:(	11:13
<eminitrader>	yep silo ...sucks missing by 1 tick
<KN-ES>	Shorts ES @ 1401.75	11:14
	3rd time same entry, trying to short all morning
<NihabaAshi>	Shorts ER2 @ 707.60 -> large size	11:15
<silo>	hehe niha really wants to catch this one
	:P
<KN-ES>	Covered all ES Short @ 130.1.25 --> + 1401.75 - 130.1.25
	1401.25
<NihabaAshi>	Well...I'm going to shorten up my profit targets because I've missed to nice profitable trades because they came within 1 - 3 ticks for an exit :(	11:16
<KN-ES>	:(
<NihabaAshi>	Covered all ER2 Short @ 706.70 --> + 0.9	11:17
<KN-ES>	Shorts ES @ 1401.25
	Covered 2/3 ES Short @ 1399.75 --> + 1.5	11:18
<NihabaAshi>	Shorts ER2 @ 707.70 -> large size
<KN-ES>	Covered 1/2 ES Short @ 1400.75 --> + 0.5	11:19
<NihabaAshi>	Covered all ER2 Short @ 706.60 --> + 1.1	11:21
<silo>	might be a good long here niha	11:22
	i'm thinking
<KN-ES>	Covered Remainder ES Short @ 1401.25 --> 0	11:23
	Long ES @ 1402.25	11:24
	Exited 2/3 ES Long @ 1403.25 --> + 1
<NihabaAshi>	Shorts ER2 @ 707.70 -> large size	11:25
	Covered all ER2 Short @ 706.70 --> + 1	11:26
	I've learned not to short below 707.00
	Wait for it to go back above 707.50	11:27
<KN-ES>	Exited all ES Long @ 1400.50 --> - 1.75
	Shorts ES @ 1400.5
	Covered 2/3 ES Short @ 1399.5 --> + 1	11:28
<eminitrader>	got it this time :)
	Covered ES Short @ 1399 --> + 5	11:29
	hld 2
<KN-ES>	Covered 1/2 ES Short @ 1399.5 --> + 1
	registance area
<eminitrader>	will brek the lows
<KN-ES>	5 times in last 2 hrs
<bulldog>	Long ER2 @ 705.70 «« paper »»	11:30
<eminitrader>	yep not enogh momemtum for new highs after so many failure at the low
<bulldog>	Exited all ER2 Long @ 705.20 --> - 0.5 «« paper »»
<Brutus>	nice emt, dax is making new lows
<eminitrader>	es will follow shortly :) ...just hold thru the noise if u r short	11:31
<KN-ES>	:)
<szubaark>	:)
<KN-ES>	1 contract, taking a chance
<domvert>	fianlly	11:32
	704
	lod next
<eminitrader>	remember guys - its all about probabilities...and when i say it shld + i mean high probability - thats why we have stops :)
<szubaark>	Covered all Short ES at 1396.50 --> + 5.5 «« paper »»	11:37
<eminitrader>	very nice szu :)
<szubaark>	thanks
<Brutus>	wtg szu	11:38
* codehead_afk	is now known as codehead	11:39
<eminitrader>	k guys ...good trading all ...will take a tenner and hld 1 for around the 1385-1390 area ...stop @ b/e ..see u all later	11:43
<NihabaAshi>	Shorts ER2 @ 702.20 -> medium size	11:47
	big time chaser
	I'll find out how bad it was in a minute or so
<startrader>	Long ES @ 1393 «« paper »»	11:48
<silo> January 10	Speech - Chairman Ben S. Bernanke
<silo>	Financial Markets, the Economic Outlook, and Monetary Policy
	Women in Housing and Finance and the Exchequer Club, Washington, DC
	1:00 p.m. EST
<startrader>	Exited 2/3 ES Long @ 1395.25 --> + 2.25 «« paper »»	11:49
<NihabaAshi>	tighting up my trailing stop	11:54
	pin ball has returned again :(
	Covered ER2 Short @ 700.70 --> + 1.5	11:56
<KN-ES>	Covered Remainder ES Short @ 1393.25 --> + 7.25	11:57
<Bambam-77>	1389 pos trgt then 1393
<KN-ES>	Long ES @ 1393.50 -> small size	11:58
<startrader>	Exited Remainder ES Long @ 1394.50 --> + 1.5 «« paper »»
<KN-ES>	Exited all ES Long @ 1394.5 --> + 1	12:00
<startrader>	Shorts ES @ 1394.50 «« paper »»
<szubaark>	Shorts ES @ 1394.75 «« paper »»
<KN-ES>	Long ES @ 1393.75	12:01
	small size
<startrader>	Covered 2/3 ES Short @ 1493.25 --> - 98.75 «« paper »»
<NihabaAshi>	Shorts ER2 @ 700.80 -> small size	12:03
<Andy>	Long ER2 @ 700.5 -> large size
<NihabaAshi>	2 only...not exactly what I wanted
<szubaark>	Covered all Short ES at 1494.75 --> - 100 «« paper »»
	Covered all Short ES at 1394.75 --> 0 «« paper »»	12:04
<Andy>	Exited all ER2 Long @ 702.2 --> + 1.7	12:05
<szubaark>	nice	12:06
<KN-ES>	Exited all ES Long @ 1396.75 --> + 3
<Andy>	thanks, szu
<NihabaAshi>	Covered ER2 Short @ 702.30 --> - 1.5
<KN-ES>	need to break 1398
	Long ES @ 1396.75	12:09
<startrader>	60 min ivbb (bar and body) should provide a resitance despite 15 min reversal bar.
	97.50 is 38.20% of down move.	12:13
<szubaark>	Shorts ES @ 1395.75 «« paper »»	12:15
<KN-ES>	96-98 gray area
<NihabaAshi>	Shorts ER2 @ 701.70 -> medium size	12:17
	another trade error...
	That's two of them now.
<KN-ES>	Exited 2/3 ES Long @ 1397.75 --> + 1	12:18
	Exited 1/2 ES Long @ 1398.75 --> + 2	12:19
<szubaark>	nice
<KN-ES>	thanks
<NihabaAshi>	Covered all ER2 Short @ 701.40 --> + 0.3	12:23
	I think the market started feeling sorry for me on that trade and drop its price so I can exit at a profit :)
<KN-ES>	:)	12:24
<szubaark>	:))
<NihabaAshi>	Very nice of them to think about in my time of need :)
<Andy>	that's because you've been around for awhile, Niha...the rest of us they don't care about.	12:25
	:)
<NihabaAshi>	I'm making money today but its like a Bar Room Fight.
<startrader>	Shorts ES @ 1399 «« paper »»
<NihabaAshi>	I'm slugging anything that gets near me.	12:26
<KN-ES>	getting back to 1403 area	12:27
<szubaark>	Covered all Short ES at 1400.50 --> - 4.75 «« paper »»
	Shorts ES @ 1401.25 «« paper »»	12:29
<KN-ES>	Exited Remainder ES Long @ 1401.25 --> + 4.5
<Brutus>	guys how do you stop the join and left channel messages?	12:30
<startrader>	Shorts ES @ 1401 -> Add «« paper »»
<KN-ES>	buy limit to enter long ES @ 1399.00
<startrader>	Those 2 inside bodies on the 60 min usually precede a heck of a move.	12:33
<KN-ES>	Long ES @ 1399.00
	nop
	typing error
	Shorts ES @ 1399	12:37
<NihabaAshi>	[12:30] <Brutus> guys how do you stop the join and left channel messages?	12:38
	Click on the small window icon in the upper left corner on the chat room you are in
<KN-ES>	Covered 2/3 ES Short @ 1398.00 --> + 1	12:39
<NihabaAshi>	Then click on "Events" so that you can tell it where (what window or hide) to send those channel messages.
<Brutus>	OK thanks niha	12:41
<KN-ES>	Covered 1/2 ES Short @ 1396 --> + 3	12:44
<Brutus>	nice trades today KN, are you a dom trader?
<KN-ES>	yes
<NihabaAshi>	Long ER2 @ 700.80 -> small size
<KN-ES>	thats what makes it faster
	thanks
<startrader>	Covered 1/2 ES Short @ 1396 --> + 5 «« paper »»	12:45
<Brutus>	ok great
<KN-ES>	1 contract left........1393.50 should be a good area to take porfit	12:46
<NihabaAshi>	:(
	geeesh
	I need a break from trading...	12:47
	I'm starting to hallucinate
<szubaark>	? something u ate?
<NihabaAshi>	Exited ER2 Long @ 702.30 --> + 1.5
	ooops
	Exited ER2 Long @ 701.30 --> + 0.5	12:48
<silo>	hehe
<Brutus>	kn - and what chart do you watch with the dom?
<silo>	magic mushroom
<NihabaAshi>	Lucky exit considering the trade was a trade error.
	:)
<Bambam-77>	the measured move trgt for er is 692.90
<KN-ES>	Covered Remainder ES Short @ 1397 --> + 2
<NihabaAshi>	Market really starting to feel sorry for me...
<KN-ES>	need a break too
	:)
<NihabaAshi>	My mom must have called the exchange :)
	On that note with 3 trade errors on some weird executions I did...	12:49
<KN-ES>	Long ES @ 1397 -> small size
<NihabaAshi>	I'm taking a long break and will get something to eat.
	Be back later.
* NihabaAshi	is now known as NihabaAshi_away
<eminitrader>	missed a nice short :(	12:50
	Covered ES Short @ 1394 --> + 10
	late post
	still hld 1
<szubaark>	Very Nice.
<eminitrader>	exit stop lowered ES @ 1402.50
	thx szu
	Shorts ES @ 1399.75 -> Add	12:53
	now hld 2
<KN-ES>	Exited all ES Long @ 1399.25 --> + 2.25
<Brutus>	YM is changing to CME globex on the 13th I think
	does it mean it becomes one of the CME eminis?	12:54
<KN-ES>	Long ES @ 1398.5	12:55
	Exited all ES Long @ 1397.25 --> - 1.25	12:56
<eminitrader>	major SP supp @ 1384 ...this bounce was likely from this area actually bounce was from 1385 ...expecting a retest of 1384
<KN-ES>	Shorts ES @ 1397.25
	Covered 2/3 ES Short @ 1396.25 --> + 1	12:57
<szubaark>	emini is SP the Cash or Futures? and Continuous or front month	12:58
<eminitrader>	Sp is futures not cash szu
	i mean the supp area of my charts is from futures	12:59
<KN-ES>	Covered Remainder ES Short @ 1398 --> - 0.75
<Brutus>	The eCBOT feed will be available for emergency backup purposes only, until mid February, according to the Impact pdf. So yes, all that will be needed ie available, is a CME/Globex feed.
	It is up to the data providers to "package" the instruments. I'd bet donuts, YM will be "packaged" in the existing e-mini feed packages available via the various providers.	13:00
	Osorico
<szubaark>	I heard a lot of people complaining about YM, spikes from Hell lately
<eminitrader>	not so in Trade station B ...changed it from Jan 03 ...charging 50 $ now for this data feed	13:01
<Brutus>	esignal as well, $60 for cbot package