#FuturesTrades January 10th Thursday 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: Thu Jan 10 08:00:25 2008Session Ident: #futurestrades
* Now	talking in #futurestrades	08:00
<X>	[NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<futurible>	GM ALL	08:01
<Nihabaa>	Hi futurible and good morning all	08:03
* Nihabaa	is now known as NihabaAshi
<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)	08:07
<rickf>	gm	08:40
<werner>	gm all	09:18
<rickf>	heya
<lumenPharmer>	gm all	09:19
	er only one that made it above downward trendline yesterday,now resting on it	09:26
<Brutus>	mornin all	09:28
<drt>	gm everyone	09:30
<eminitrader>	Long ES @ 1303	09:33
<ripsboy>	gm all...	09:34
<startrader>	Earl (cl) is getting drilled!	09:37
<eminitrader>	thast 1403	09:38
	Long ES @ 1403
<NihabaAshi>	Yeah...energies took a hit after 0930am est
<startrader>	Long ES @ 1402.50 «« paper »»	09:43
	Hoping they push this 15 min close to 1505.25 or better.	09:44
	Exited all ES Long @ 1503 --> + 100.5 «« paper »»	09:45
<szubaark>	Buys ES @ 1404 «« paper »»
<Nesi>	good morning	09:46
<silo>	morning	09:47
<eminitrader>	Exited 1/3 ES Long @ 1406 --> + 3	09:48
<szubaark>	Exited all Long ES at 1407 --> + 3 «« paper »»	09:49
<Brutus>	good longs guys
<futurible>	vn eminitrader	09:50
<eminitrader>	thx f
<rickf>	he's just that good :)
<eminitrader>	that was a nice setup r ...fib retrace from yest upmove	09:51
<Brutus>	missed my entry by a point
<Nesi>	Long ER2 @ 708.50 «« paper »»	09:52
<eminitrader>	Exited 1/3 ES Long @ 1408 --> + 5	09:56
<Nesi>	i set hard stop at 708.60
<eminitrader>	hld 4 for gap fill and beyond ...hopefully :)	09:57
<NihabaAshi>	Long ER2 @ 709.90 -> medium size
<rickf>	Wholesale Inventories 10amET btw
<NihabaAshi>	Trade error but I did get some things right about it...	09:58
	:)
<Nesi>	Exited all ER2 Long @ 711.40 --> + 2.9 «« paper »»	09:59
<NihabaAshi>	Exited 3/4 ER2 Long @ 711.30 --> + 1.4
	Exited Remainder ER2 Long @ 711.00 --> + 1.1
<silo>	nice	10:01
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 @ 1407.50 «« paper »»
<Brutus>	nq not moving	10:04
<eminitrader>	true B ...making me think	10:05
<Nesi>	looks like markets taking a rest
<rickf>	es got its second wind tho	10:07
<eminitrader>	Exited ES Long @ 1413 --> + 10
	hld 2
<Nesi>	nice :)
<rickf>	nice
<eminitrader>	thx guys
<Pepe>	very very NIce!!!
<szubaark>	Shorts ES @ 1412.50 «« paper »»	10:08
	nice emini
<hum_g>	congrats mr emini
<eminitrader>	thx p szu
	looks like a huge move coming
	see no res till the mid 1430	10:09
	if it takes out yest high
<hum_g>	whats your system emini	10:10
<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)
<eminitrader>	trade station platform h	10:11
<hum_g>	i mean trading system
<PapaJon>	gm all
<eminitrader>	i have no system as such ...	10:12
<hum_g>	so its a toss of coin
	and a bit of luck
<szubaark>	lol
<PapaJon>	hehe
<eminitrader>	my method is basically read the mrkt flow direction thru interpretation of price action
<NihabaAshi>	There's always an element of "luck" and "unlucky".
<hum_g>	emini i am not with u mate	10:13
	if u share mo details
	i could decipher the da vince code
<eminitrader>	[10:13:13] <eminitrader> my method is basically read the mrkt flow direction thru interpretation of price action
	cant explain it better than that :)
<hum_g>	so u will keep the keys to the bank's vault	10:14
<NihabaAshi>	Shorts ER2 @ 711.40 -> medium size
<Brutus>	lol g, you dont ask for much
<eminitrader>	i see price action -- price bars ...identify a pattern and interpret thru that pattern which direction the mrkt will flow wirth a high probability
<NihabaAshi>	chaser...high risk	10:15
<eminitrader>	thats the best i can do
<rickf>	it's a matter of studying the tape and learning by observing.....developing instinct/feelings
	and then consulting Magic Eight Ball for confirmation :)
<werner>	indd rickf
<PapaJon>	hum_g... not sure how long you have been a trader but... it takes years to develope an ability to read the market the way emini describes...	10:16
<NihabaAshi>	Pin ball machine showed up :(
<eminitrader>	not much instinct here r ...though there is a lot of subjectivity
<PapaJon>	And there are litterly millions of combinations of indicators that a person couuld or could not use
<szubaark>	There is no "magic system" in this.. takes years of screen time
<eminitrader>	thx pj ...that helps u nailed it :)
<PapaJon>	so... each persons read is slightly dif than others
	even if you and I used exactly the same methods (ideas), we	10:17
	would more often than not.. see something slightly diferent
	does that make sense to you?
<eminitrader>	thast why i said there is a certain amt of subjectivity
<Brutus>	and he gave you a good hint, just collect those and put it together	10:18
<PapaJon>	yw emini
<eminitrader>	lol B
<NihabaAshi>	Covered all ER2 Short @ 711.10 --> + 0.3
<Brutus>	then study past trades
	http://www.thestrategylab.com/ArchivedPa stTrades.htm
	:))
<Nesi>	Long ER2 @ 712.00 «« paper »»
<szubaark>	Covered all Short ES at 1412.50 --> 0 «« paper »»
<NihabaAshi>	That's a trailing stop hit :(
<eminitrader>	hope it makes some sense now - h	10:19
<szubaark>	Buys ES @ 1413 «« paper »»
<Nesi>	Exited all ER2 Long @ 714.10 --> + 2.1 «« paper »»	10:20
<szubaark>	nice Nesi
<Nesi>	thx, i try to put limit sell when i feel i can sell with buyers
	like buy with buyers and sell with buyers
<szubaark>	Exited all Long ES at 1411.50 --> - 1.5 «« paper »»	10:25
	Shorts ES @ 1411.50 «« paper »»
<Nesi>	Shorts ER2 @ 711.80 «« paper »»
	Covered all ER2 Short @ 710.70 --> + 1.1 «« paper »»	10:27
	Shorts ER2 @ 710.40 «« paper »»	10:29
	Covered all ER2 Short @ 711.40 --> - 1 «« paper »»	10:30
	gas numbers out
	Long ER2 @ 712.10 «« paper »»	10:33
<szubaark>	Covered all Short ES at 1414 --> - 2.5 «« paper »»	10:34
	Buys ES @ 1414 «« paper »»
<Nesi>	i set my hard stop at 712.20
	Exited all ER2 Long @ 713.70 --> + 1.6 «« paper »»	10:37
	Long ER2 @ 713.30 «« paper »»	10:38
	Exited all ER2 Long @ 714.00 --> + 0.7 «« paper »»	10:40
	Shorts ER2 @ 712.50 «« paper »»	10:42
<NihabaAshi>	Shorts ER2 @ 712.50 -> small size	10:45
	intuition trade...high risk
	1 contract only
<Nesi>	Covered all ER2 Short @ 711.40 --> + 1.1 «« paper »»	10:48
<szubaark>	Exited all Long ES at 1410 --> - 4 «« paper »»	10:49
	Shorts ES @ 1410 «« paper »»	10:50
<Nesi>	some support here for ER..imho
<NihabaAshi>	Covered ER2 Short @ 710.40 --> + 2.1
<Pepe>	nice
<NihabaAshi>	Caught a WRB pt1 plus an extra 1 point.	10:51
<Nesi>	Shorts ER2 @ 709.50 «« paper »»	10:53
	Covered all ER2 Short @ 709.40 --> + 0.1 «« paper »»	10:56
	Long ER2 @ 710.00 «« paper »»
<NihabaAshi>	Long ER2 @ 710.40 -> small size	10:58
	will be a tough trade on this one
	Exited ER2 Long @ 708.80 --> - 1.6	11:00
	Reverse and Enter Short ER2 @ 708.80
<Nesi>	Exited ER2 Long @ 708.20 --> - 1.8 «« paper »»
	Reverse and Enter Short ER2 @ 708.20 «« paper »»
<szubaark>	nasty shakes
<NihabaAshi>	I don't think its done with being nasty :(	11:01
	Bullish price action I traded is still intact...
	Thus, ER2 can bounce hard anytime while I'm short.
<Nesi>	Shorts ER2 @ 708.00 -> Add «« paper »»
<NihabaAshi>	Nevermind...support now broken.	11:02
	I may now get lucky to catch a decent Short position
<Nesi>	i see some "support" at 706.50 level
	dunno if i am right
	Covered 1/2 ER2 Short @ 706.90 --> + 1.1 «« paper »»	11:03
<NihabaAshi>	Covered ER2 Short @ 706.90 --> + 1.9
	pin ball machine trying to show up	11:04
<Nesi>	Covered all ER2 Short @ 707.60 --> + 0.6 «« paper »»	11:05
	do you have a hard stop at 708.70 , Niha?	11:06
	Long ER2 @ 708.90 «« paper »»	11:10
<szubaark>	Covered all Short ES at 1408.50 --> + 1.5 «« paper »»
	Buys ES @ 1409 «« paper »»
<NihabaAshi>	Nesi...I'm already out of that Short and the hard stop was at 712.20	11:11
<Nesi>	oh, sorry
<NihabaAshi>	However, my mental stop was around 709.00	11:12
	I always use a 4 point hard stop and around a 2 point mental stop
	I try to make and execute a trade decision around -2 points.
	The 4 point hard stop is only there for emergency situations.	11:13
	Example, my computer crashes in a middle of a trade or stuff like that.
<Nesi>	thanks
<NihabaAshi>	Yep...stuff like that happens a few times each year :(
	Example...once last year my wireless keyboard died on me in the middle of a trade.	11:14
	By the time I got a new keyboard out of the box and batteries in it...
	My -4 point stop got hit during a strong parabolic price movement.
	"Unlucky".	11:15
	:(
<rickf>	i hear ya -- is why i refuse to use wireless keyboards and mice :)
<Nesi>	i do the same thing, always put a limit disaster order, if i go down, the limit will be at the broker server
<NihabaAshi>	However, "luckily" the following trade I caught a 5 point movement back in the opposite direction :)
<Nesi>	Long ER2 @ 709.50 -> Add «« paper »»
	see... luck always help Niha :)	11:16
<NihabaAshi>	Yep
<Nesi>	Exited all ER2 Long @ 709.60 --> + 0.8 «« paper »»	11:17
	Shorts ER2 @ 707.50 «« paper »»	11:21
	IF ER breaksdown 706.50 i may get lucky :/
<rickf>	thinking the es looks kinda shaky too right now
<Nesi>	Covered all ER2 Short @ 708.60 --> - 1.1 «« paper »»	11:24
	my bad :/
<szubaark>	:)	11:25
<Brutus>	1300/1800 Fed Chmn Bernanke speaks on "Financial Markets, the	11:35
	Economic Outlook and Monetary Policy" in Washington
	1300/1800 Kansas City Fed Pres Hoenig speaks on the economic outlook
	in Kansas City, Mo.
<rickf>	yeah and i'm stuck in meetings for it. :(
<szubaark>	Exited all Long ES at 1405.75 --> - 3.25 «« paper »»	11:40
	Shorts ES @ 1405.75 «« paper »»
<eminitrader>	Exited Remainder ES Long @ 1405 --> + 2
<startrader>	Looks like they will expand the range as much as possible to shake out weak hands before speeches.	11:41
<eminitrader>	excatly S
	for me its just not worth it	11:42
<sb>	speech at 1?	11:43
<bulldog>	1:00 EST	11:44
<Andy>	very good restraint, em, you seem to have good discipline and a sense of when to play...I'm impressed
<eminitrader>	:)	11:46
<rickf>	fwiw i have been 'mentally' trading today --- borked a few trades yesterday after being away for 2 weeks, so i'm just trying to get myself back in-tuned by watching the action. should'nt have traded yesterday, so i am taking a day to regroup, even though i had a few good setups earlier this morning.. :(
	tempting to recover losses, but sitting on hands today
<Nesi>	Long ER2 @ 710.40 «« paper »»	11:49
	Long ER2 @ 711.10 -> Add «« paper »»	11:50
* sep34	is now known as sep34_away	11:51
<Nesi>	possible spike on ER soon..imo	11:52
<szubaark>	Covered all Short ES at 1410.25 --> - 4.5 «« paper »»	11:53
	Buys ES @ 1410.25 «« paper »»
<Nesi>	Exited 1/2 ER2 Long @ 711.70 --> + 0.6 «« paper »»
<szubaark>	Exited all Long ES at 1408.75 --> - 1.5 «« paper »»	11:56
	Im just revange trading now..
* szubaark	is now known as szubaark_away
<Nesi>	i set a hard stop at 710 for reminder, fwiw	11:59
	buy NQ 1949	12:02
	i feel some "coiling" going on	12:04
	Exited Remainder ER2 Long @ 710.10 --> - 0.3 «« paper »»	12:08
	out NQ 1947 - 2
	darn	12:09
	buy NQ 1950.50
	watching IF goes 1955 area, fwiw	12:10
* codehead_afk	is now known as codehead	12:11
<Nesi>	gogogo	12:12
<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)	12:16
<rickf>	em wtf just happend?
<szubaark_away>	that was a sneaky breakout LOL
<ItalianSharp>	wow
<Nesi>	NQ probably some breath and reloading again	12:17
<ItalianSharp>	must be fed related
	guess bernie is going to cut
<silo>	hehe nesi... you got out too early :P
<Nesi>	i re enter silo
<Brutus>	ben b comments
<Nesi>	out NQ 1965	12:18
<Brutus>	nice nesi
<Nesi>	Shorts ER2 @ 718.50 «« paper »»
<Pepe>	any news?
<Nesi>	i dont see any	12:19
<ItalianSharp>	damned...my limit sell got hit too soon...as soon as i saw volatility picking up to the upside i tried to move it up by 10 ticks but it was quickly filled...oh well, at least i got a better fill than expected
	Federal Reserve Chairman Ben Bernanke says the central bank stands ready to lower its key interest rate again to bolster the economy
<szubaark_away>	move already happened..its old news
<Nesi>	Shorts ER2 @ 717.70 -> Add «« paper »»
<ItalianSharp>	i dont like the word "stands"
<Guest35179>	so he spoke before it's time huh?
<Nesi>	short away :)
<ItalianSharp>	that doesnt mean they'll actually lower rates
	wasnt bernanke supposed to speak at 1pm????
<Nesi>	short NQ 1962.50
<ItalianSharp>	that's totally UNFAIR...	12:20
	he should respect his schedule and timetable
<Nesi>	it got people with pants down :/	12:21
<szubaark_away>	we were due for a Bounce, looks like here it is	12:22
<Nesi>	out NQ -12	12:23
	what a move
	non stop
<ItalianSharp>	yes...i guess those who use WIDE STOPS or NO STOPS or AVERAGE DOWN learned a lesson a few minutes ago...lol	12:24
<szubaark_away>	Niha u Long?
	Last few weeks A LOT of accounts must have been Wiped Out Clean.	12:25
<ItalianSharp>	yep...high volatility usually produces lots of "trading" funerals
<rickf>	wow....heck of a fade opportunity, too bad i'm out the door now	12:26
	luck and good trading all -- back later
<silo>	nesi you're short?	12:31
	:D
<Nesi>	i covered NQ for a loss, silo	12:32
	but i went live and i did not post my ER paper disaster
<silo>	wow er2 just spit out 12 points haha
	oh you're trading nq live now?
	er was just paper	12:33
<Nesi>	i have sim and real running at the same time
<silo>	i see
<Nesi>	when i saw that momo, i went live, silo
<silo>	:P
* sep34_away	is now known as sep34	12:34
<Nesi>	Long ER2 @ 714.80 «« paper »»	12:35
	i guess the "news" is out	12:37
<szubaark_away>	Buys ES @ 1516 «« paper »»	12:42
<NihabaAshi>	We had a big wind storm here last night and I was outside for about an hour (just got back) to fix some things the big storm damage.
	Looks like I picked the worst time to due some personal stuff today :(	12:43
<szubaark_away>	[12:24] > Niha u Long?
<NihabaAshi>	No open positions.
<Nesi>	On Sunday, January 13th, CBOT Agricultural commodity products and CBOT Dow Equity products will start trading on CME Globex.	12:47
	happy? :)
<szubaark_away>	giving more easier access to the Public to seperate them from the their money LOL	12:49
<startrader>	I ran out to for an hour, what happened?	12:53
<szubaark_away>	[12:19] <ItalianSharp> Federal Reserve Chairman Ben Bernanke says the central bank stands ready to lower its key interest rate again to bolster the economy	12:54
	FWIW
<startrader>	thanks sz.	12:56
<szubaark_away>	exit stop moved to breakeven ES @ 1416 «« paper »»
	yw
	[12:42] > Buys ES @ 1516 «« paper »»
	thats wrong	12:57
	Buys ES @ 1416 «« paper »»
<NihabaAshi>	What's the most common cause of trends...	12:59
	The FED :)
<Guest35179>	Shorts ER2 @ 721.5	13:00
<startrader>	Shorts ES @ 1421.25 «« paper »»
<Guest35179>	Covered all ER2 Short @ 720.3 --> + 1.2	13:01
<NihabaAshi>	Long ER2 @ 721.30 -> small size	13:02
	Exited 2/3 ER2 Long @ 722.60 --> + 1.3	13:04
	Exited Remainder ER2 Long @ 721.40 --> + 0.1	13:05
	:(
	They picked off that trailing stop very easily :(
	Long ER2 @ 721.20 -> small size	13:10
<Guest35179>	Shorts ER2 @ 721.8
<NihabaAshi>	pin ball machine again
	Exited ER2 Long @ 720.00 --> - 1.2	13:11
	Reverse and Enter Short ER2 @ 720.00
	Gold and Oil not looking so hot right now...	13:12
	Easy position reversal clue
<Guest35179>	Covered all ER2 Short @ 719.5 --> + 2.3
<szubaark_away>	Exited all Long ES at 1416 --> 0 «« paper »»
	Shorts ES @ 1416 «« paper »»
<KN-ES>	Long ES @ 1416.50	13:13
<NihabaAshi>	Covered ER2 Short @ 719.90 --> + 0.1	13:14
	:(
	Picked off again
	geesh
<KN-ES>	Exited 3/4 ES Long @ 1417.50 --> + 1
<startrader>	Covered all ES Short @ 1416.75 --> + 4.5 «« paper »»	13:15
<szubaark_away>	:((
<KN-ES>	Exited Remainder ES Long @ 1419.50 --> + 3
	Shorts ES @ 1418.75	13:16
<Guest35179>	Shorts ER2 @ 720.8
<KN-ES>	Covered 3/4 ES Short @ 1415.5 --> + 3.25	13:17
<Guest35179>	Covered all ER2 Short @ 718.6 --> + 2.2
<KN-ES>	Covered Remainder ES Short @ 1417.75 --> + 1
	Long ES @ 1418.75	13:19
	Exited 3/4 ES Long @ 1420.75 --> + 2	13:20
	Exited Remainder ES Long @ 1419.75 --> + 1	13:21
	Shorts ES @ 1420.00
	Covered 3/4 ES Short @ 1418.5 --> + 1.5	13:22
	Covered Remainder ES Short @ 1417.75 --> + 2.25
<pdays>	Long ER2 @ 719.3	13:23
	Exited all ER2 Long @ 720.3 --> + 1
<KN-ES>	Long ES @ 1420.5
	Exited all ES Long @ 1418.75 --> - 1.75	13:24
	Shorts ES @ 1419	13:25
<ItalianSharp>	this is HARDCORE chop	13:27
	well done bernie...thanks!
<Nesi>	:)
<ItalianSharp>	a scalpers paradise...fading the wedge...:)
<KN-ES>	Covered all ES Short @ 1421 --> - 2
	Shorts ES @ 1420.75	13:29
<NihabaAshi>	Eurodollar traders that went Long are loving Bernanke	13:30
<Nesi>	he is done	13:31
<ItalianSharp>	yep...those who have US dollar accts hate him now...:(
<KN-ES>	Covered 3/4 ES Short @ 1417.5 --> + 3.25
<szubaark_away>	hopefully this wedge breaks down, Im Short	13:32
<NihabaAshi>	Shorts ER2 @ 717.50 -> small size	13:35
<KN-ES>	Covered Remainder ES Short @ 1913.75 --> - 493	13:36
<szubaark_away>	Nice patience Niha
<NihabaAshi>	pin ball machine again...better trail my stop now ::
<szubaark_away>	:)
	exit stop moved to breakeven ES @ 1416 «« paper »»
<NihabaAshi>	Covered 2/3 ER2 Short @ 713.90 --> + 3.6
<ItalianSharp>	wow...amazing retracement	13:37
<silo>	nice short niha
<ItalianSharp>	well done niha
<KN-ES>	Covered Remainder ES Short @ 1413.75 --> + 7
<szubaark_away>	geez this is fast, missed my fill@1410 frikn millions of orders there
	Covered all Short ES at 1412.25 --> + 3.75 «« paper »»	13:38
<ItalianSharp>	lol
	the thing is...will the market be able to bounce back up?
	i dont think bernie's speech helped the market	13:39
<NihabaAshi>	geeesh	13:40
	Ticks are flying by like electrons
<startrader>	Long ES @ 1412 «« paper »»	13:41
<KN-ES>	Shorts ES @ 1413
<szubaark_away>	Im done..this is too fast for me.. dont have the equipment to compete with the Pros
<KN-ES>	Covered 3/4 ES Short @ 1411.75 --> + 1.25
	Covered Remainder ES Short @ 1415 --> - 2	13:43
<startrader>	Exited 1/2 ES Long @ 1415 --> + 3 «« paper »»
<NihabaAshi>	Covered Remainder ER2 Short @ 716.80 --> + 0.7
	Volatility breakout and I don't know how high it can go :(	13:44
<startrader>	Exited Remainder ES Long @ 1415 --> + 3 «« paper »»	13:45
<KN-ES>	Shorts ES @ 1413.75
	Covered 3/4 ES Short @ 1412.75 --> + 1	13:46
<NihabaAshi>	Resistance here for ER2
	Shorts ER2 @ 717.60 -> small size	13:48
<KN-ES>	Exited ES Long @ 1414.25 --> + 0.5
	Reverse and Enter Short ES @ 1414.25
	Covered ES Short @ 1414.25 --> 0	13:49
	Reverse and Enter Long ES @ 1414.25
<NihabaAshi>	:(	13:50
<KN-ES>	Exited all ES Long @ 1413.25 --> - 1
<NihabaAshi>	Covered 2/3 ER2 Short @ 716.30 --> + 1.3
	I almost lost my patience on that pin ball like price action via dumping it at a +0.2 tick profit only.	13:51
<KN-ES>	it needs some breathing space
	too tight range
<NihabaAshi>	Big Dark WRB right now...
	A profit target
<silo>	big dark wrb happened at the exact spot as the big green wrb :)	13:53
<NihabaAshi>	Covered Remainder ER2 Short @ 713.00 --> + 4.6
<silo>	wow
<sb>	nice trade.
<NihabaAshi>	Got 1 point extra after my WRB pt level was reached :)
<silo>	man i would hate to see the demise of ER2 when it goes to ICE :(
	i'm just starting to get a feel for it now	13:54
<KN-ES>	Long ES @ 1409.75
<startrader>	Long ES @ 1409.25 «« paper »»
<NihabaAshi>	On that note...I was finally able to catch ER2 for punt return touch down.
	An I get to say when the game is over.
	On that note...I'm done trading for the day...I've exceeded my profit goal for the day.	13:55
	Amazing considering I missed the price action of that huge run-up.
<silo>	:P	13:56
	hey n iha	13:57
	once er2 moves to ice..... what instrument would you think would be best if i like to trade er2 type action
	you're going to es because of the liquidity
	but if i'm just trading 1-2 contracts
<startrader>	Exited all ES Long @ 1408.25 --> - 1 «« paper »»
<silo>	nq?
	or is there anything you would recommend	13:58
	as the er2 substitute
<KN-ES>	Exited all ES Long @ 1411.5 --> + 1.75	13:59
<ItalianSharp>	damn, you need 10 second charts to trade this	14:02
	1min is too quick
<KN-ES>	Shorts ES @ 1414.25
<silo>	:D
<KN-ES>	Covered 3/4 ES Short @ 1412.75 --> + 1.5	14:03
<NihabaAshi>	silo...I would DAX but only if such fits well in your time zone.
	DAX is my favorite but I can't trade it properly because it doesn't fit well in my time zone.
	However, the trading instrument that performs the best via my method is the Hang Seng Futures.
	No way can I trade that...I'll wake up in the morning like a ZOMBIE.	14:04
<silo>	hehe
	what's the time for dax?
<NihabaAshi>	Opens at 2am est	14:05
<KN-ES>	Covered Remainder ES Short @ 1413 --> + 1.25
<NihabaAshi>	That would require me to get up at 1am est to start preparing to trade :(
	Way too early for me.
<Nesi>	but then you have all day free :)
<KN-ES>	Long ES @ 1412.75	14:06
<NihabaAshi>	No...
<Nesi>	just needs plenty of coffee
<NihabaAshi>	I got kids to help take care of.
<KN-ES>	Exited all ES Long @ 1411.25 --> - 1.5
<silo>	and DAX is open more than 8 hours a day?
<NihabaAshi>	Free only occurs a few hours at night when I sleep and or when the kids sleep :)
<silo>	from 2am previous day to today's 4pm
<NihabaAshi>	silo...when I was young I was almost trading fulltime 18 hrs per day.	14:07
<silo>	:P
<NihabaAshi>	I had no social life for a few years :(
<silo>	thanks for putting in that time for us :P
	hahaa
<domvert>	how old r u niha
<silo>	otherwise we wouldn't have such a backtested system :P	14:08
<NihabaAshi>	early 40's
	silo...CME EuroFX is also up there on my list of favorite trading instrument	14:09
<silo>	you've been trading full time for a long time then huh?
<bulldog>	yer still young!!!
<silo>	at least 10-15 years?
	but with DAX, or EuroFX... what would you use for divergence?
<NihabaAshi>	silo...my old man (step father) was a floor trader.
<silo>	or mainly look for ACSTJ
	runs in the family eh?
	so you probably got more encourage than us from our parents :) haha	14:10
<startrader>	Long ES @ 1411.75 «« paper »»
<NihabaAshi>	My chores as a teenager involved preparing his charts for him prior to the next trading day.
<silo>	floor traders trades via technicals?
<NihabaAshi>	Yeah....me being a trader is no big deal in my family.
	Price flow
	Today...yes...some use technicals.
<silo>	i see	14:11
	hey niha. what would you use as divergence or sister instrument for Dax or EuroFX?
	'cuz the divergence instruments i'm using now wont be of help
<startrader>	My chores as a teen included walking beans, baling hay, pulling pigs and detasseling corn. I should be an ag trader!	14:13
	Exited 1/2 ES Long @ 1413 --> + 1.25 «« paper »»
<NihabaAshi>	silo...you've lost me...I don't use indicators.	14:14
	If you are looking for help with EuroFX...
	Keep track of Bernancke and guys...	14:15
	There speeches et cetera will move EuroFX very easily and very strongly.
	When it happens...lots of follow through.
<startrader>	Long ES @ 1412.25 -> Add «« paper »»	14:16
	Did not expect that.
<Brutus>	boa to buy country wide
	01/10/2008 14:15 *DJ Bank Of Amer In Advanced Talks To Buy Countrywide
<startrader>	Exited 1/2 ES Long @ 1418.50 --> + 6.25 «« paper »»	14:17
<Brutus>	nice ST
<ItalianSharp>	amazing...whenever the market is about to make a big move, TS freezes..:(	14:18
<silo>	:\
	if you're using hte latest version... i've been hearing from others that they are having problems as well	14:19
	not a problem for me though
<NihabaAshi>	The ticks are flying fast again...blink a few times and the market is a full point further away.
<lumenPharmer>	yes TS just hit me also
<startrader>	Got lucky with news... Thought they would try to get it back to 20 without it though. 12:30 60 min body is strong pivot.
<ItalianSharp>	earlier today i went to the toilet take a piss, how long 1 freaking minute? YM was 60 pts down from where i left it...lol	14:20
<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)	14:22
<ItalianSharp>	anybody trading this crazy pinball?	14:27
	how do you get decent fills?
	it feels like the first minutes after the FOMC
<startrader>	Exited 1/4 ES Long @ 1422 --> + 10.25 «« paper »»	14:31
	Exited Remainder ES Long @ 1421.50 --> + 9.75 «« paper »»	14:33
WRB Analysis	Learn More
<Nesi>	Long ER2 @ 720.70 «« paper »»	14:38
<startrader>	Shorts ES @ 1425.50 «« paper »»
	Shorts ES @ 1427.50 -> Add «« paper »»	14:39
<rickf>	hey guys - here's a serious question, and i'm happy to chat off-line with you if you like:	14:46
	OXPS is having major problems with futures clearing and other data quirks that makes futures trading these days a bit .... problematic.
	What broker/platform/trading tools do y'all use and how would you rate them?	14:47
	both me and my friend have had MAJOR problems with OXPS futures in recent weeks
	(hence the desire to swtich)
<startrader>	Shorts ES @ 1427 -> Add «« paper »»
	Covered 3/4 ES Short @ 1426 --> + 1 «« paper »»	14:50
	Covered Remainder ES Short @ 1426.25 --> - 0.75 «« paper »»	14:51
	Looks like they take out the dt.	14:52
	Long ES @ 1427.27 -> small size «« paper »»	14:54
	Exited all ES Long @ 1430.50 --> + 3.23 «« paper »»	14:57
<Brutus>	rick I use MB trading, they are good and quotes dont lag anymore, no charting but quottracker is free	15:01
<startrader>	Shorts ES @ 1429 «« paper »»
<rickf>	brutus - lovely, they don't support macs. :(	15:04
<Brutus>	ok	15:06
<rickf>	np -- it's *my* problem, i refuse to use Windows	15:07
<Nesi>	Long ER2 @ 726.50 «« paper »»
<domvert>	rickj see pc	15:25
	rickf	15:26
<startrader>	Shorts ES @ 1434.25 «« paper »»	15:32
	Covered all ES Short @ 1427.50 --> + 6.75 «« paper »»	15:52
<bulldog>	gn all	16:01
<Brutus>	============ U.S. MARKETS ACTION ===========	16:07
	DJIA up 165.18 points to 12900.49
	NASDAQ up 23.56 points to 2498.11
	S&P 500 up 16.99 points to 1426.12
	10-year T-note down 18/32 at 102 28/32 yield 3.891
	NYMEX Spot Crude down $1.96 at $93.71/bbl at close.
	Dollar/Euro up 0.0136 at 1.4796
<werner>	gn all
* sep34	is now known as sep34_away	17:07
<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)	18:28
* DisconnectedSession	Close: Thu Jan 10 23:08:15 2008	23:08
Sponsor: Skype
Google:	#FuturesTrades past logs can be searched via using Google. For example, pretend you want to research what has been said about volatility analysis. Go to the Google search window below and type in "volatility analysis" site:thestrategylab.com (exactly as I typed it including the quotation marks) and you will find everything associated with those key words that were used by any member of  #FuturesTrades.

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), Israel, 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, ER2, ES and NQ   

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

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