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#FuturesTrades January 11th Friday 2008 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+20.40	+148.50	+148.50
$2,040	$14,850	$14,850

Profitable Trade

1434pm - 1515pm est

Losing Trade

1040am - 1049am est

click on image to view actual size

Current Performance Record

Key Trades of the Day (see chat log below)

Profit/Loss Statement

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

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

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

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

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

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

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

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

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

Further, if you want the instructions for gaining access to our free #FuturesTrades chat room...click here.

#FuturesTrades purpose, benefits and access info for day traders, swing traders and position traders...click here.

Session Start: Fri Jan 11 09:27:10 2008Session Ident: #FuturesTrades

* Now talking in #FuturesTrades 09:27

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

<pat255> gm N..

<Brutus> gm all 09:29

<drt> gm guys 09:30

<rickf> happy friday all

<eminitrader> Long ES @ 1412 09:37

<szubaark> Buys ES @ 1411.25 «« paper »» 09:38

<eminitrader> Exited 1/2 ES Long @ 1413.50 --> + 1.5 09:39

Long ES @ 1412 -> Add 09:41

<szubaark> Exited all Long ES at 1413.25 --> + 2 «« 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 1/3 ES Long @ 1414 --> + 2 09:42

<rickf> nice call em - i was looking to short after the open. good thing the phone rang and i didnt 09:43

<werner> gm all 09:44

<eminitrader> thx r

<futurible> vn eminitr

<eminitrader> long term charts had some supp 1410-1412 area

<Nesi> no direction so far...imho 09:45

<eminitrader> dont know how long it will hold ...was kind of risky..took it cause potential of gap fill

<bern_> ES looks going one way, YM the other

<eminitrader> nice profit ratio although it was a low probability set-up

<startrader> Shorts ES @ 1415 «« paper »» 09:46

<eminitrader> thx f

Exited 1/3 ES Long @ 1415 --> + 3 09:48

<NihabaAshi> Shorts ER2 @ 715.70 -> small size

<szubaark> nice emini

<eminitrader> thx szu 09:49

hld 4 for gap fill

<Nesi> Long ER2 @ 717.20 «« paper »»

<NihabaAshi> Covered all ER2 Short @ 717.50 --> - 1.8

<startrader> Covered all ES Short @ 1416.25 --> - 1.25 «« paper »»

<eminitrader> Exited ES Long @ 1417 --> + 5

hld 2

<Brutus> ex start emt 09:50

<NihabaAshi> No support on that trade...kepted the position small because of such.

<eminitrader> thx B ...been an excellent wk so far :)

<szubaark> :)

<Nesi> Exited all ER2 Long @ 717.00 --> - 0.9 «« paper »» 09:51

Shorts ER2 @ 715.50 «« paper »» 09:53

Covered all ER2 Short @ 716.00 --> - 0.5 «« paper »» 09:54

<NihabaAshi> Long ER2 @ 716.70 -> small size

<Nesi> chop land from open so far, imho 09:55

<eminitrader> Exited ES Long @ 1416.25 --> + 4.25

Reverse and Enter Short ES @ 1416.25

<NihabaAshi> If it doesn't clear out soon...could be a long morning until some key market events show up.

Exited ER2 Long @ 715.00 --> - 1.7 09:56

<eminitrader> Covered 1/2 ES Short @ 1413.25 --> + 3

Covered Remainder ES Short @ 1414.25 --> + 2 09:58

good trading all...i;m done for the day and week

<rickf> very nice catch...that drop came outta nowhere

<eminitrader> have a good wkend

<rickf> you should be! :)

<szubaark> bye

<rickf> ttyl

<ScreenStruck1> gm

<Brutus> thx and cu emt

<eminitrader> be back later szu

later B 09:59

<Nesi> Shorts ER2 @ 714.40 «« paper »» 10:00

Shorts ER2 @ 713.10 -> Add «« paper »» 10:01

<lumenPharmer> short er 713.50

<Nesi> Covered all ER2 Short @ 713.60 --> + 0.3 «« paper »» 10:04

<szubaark> Shorts ES @ 1412 «« paper »» 10:05

<lumenPharmer> out er +1

<NihabaAshi> Shorts ER2 @ 712.50 -> small size

<lumenPharmer> the rest now stop at breakeven 10:06

<startrader> Long ES @ 1410.25 «« paper »»

<szubaark> Covered all Short ES at 1412 --> 0 «« paper »» 10:08

<NihabaAshi> Covered ER2 Short @ 712.80 --> - 0.3 10:09

<szubaark> Shorts ES @ 1410 «« paper »» 10:10

<NihabaAshi> Going to reboot my charts...missing my Oil, Gold and AD Lines...some charting problems.

<startrader> Long ES @ 1409.75 -> Add «« paper »» 10:11

<Nesi> Long ER2 @ 712.80 «« paper »» 10:12

<lumenPharmer> stop out rest + happymeal 10:13

<startrader> Exited 3/4 ES Long @ 1413 --> + 3.25 «« paper »»

<Nesi> Long ER2 @ 712.60 -> Add «« paper »» 10:17

that was a mistkae 10:18

Exited all ER2 Long @ 712.60 --> - 0.2 «« paper »»

<startrader> Exited all ES Long @ 1411 --> + 0.75 «« paper »»

<bulldog> Long ER2 @ 711.90 «« paper »»

<startrader> Long ES @ 1412.25 «« paper »» 10:20

<KN-ES> Long ES @ 1412.25 10:21

<bulldog> Exited 1/3 ER2 Long @ 713.80 --> + 1.9 «« paper »»

<startrader> Exited 1/2 ES Long @ 1414 --> + 1.75 «« paper »» 10:22

<KN-ES> Exited 1/2 ES Long @ 1413.25 --> + 1

<startrader> Exited Remainder ES Long @ 1413 --> + 0.75 «« paper »» 10:23

<KN-ES> Exited 1/2 ES Long @ 1413.50 --> + 1.25 10:24

Exited Remainder ES Long @ 1413.25 --> + 1 10:26

<NihabaAshi> Anybody not getting their Advance Decline Lines ???

<ScreenStruck1> working here 10:27

<sb> mine are working - have esignal as data source

<KN-ES> Shorts ES @ 1214.25 10:29

small size 10:30

Shorts ES @ 1412.25

<bulldog> Exited all ER2 Long @ 712.80 --> + 0.9 «« paper »» 10:32

<szubaark> nice entry KN 10:33

<KN-ES> Covered all ES Short @ 1410.25 --> + 2

<silo[zZ]> i dont have advance decline lines :(

<KN-ES> thanks szubaark

it filled at 1412.50 10:34

<NihabaAshi> Shorts ER2 @ 713.00 -> small size

<Andy> Long ER2 @ 712.6 «« paper »»

<KN-ES> 1410.50

:)

<NihabaAshi> Increased my size to 2 contracts

I have more charts available now but I'm still missing my AD Lines, VIX and DAX :( 10:35

<KN-ES> Long ES @ 1411.25 10:36

small size

* silo[zZ] is now known as silo

<NihabaAshi> Covered ER2 Short @ 713.90 --> - 0.9 10:37

<KN-ES> Exited all ES Long @ 1413.5 --> + 2.25

<Andy> Exited 1/2 ER2 Long @ 714.4 --> + 1.8 «« paper »» 10:38

<NihabaAshi> Shorts ER2 @ 714.90 -> small size 10:40

3 contacts now and still small

I'm using the DJEuroStoxx50 to help compensate for no DAX as part of my intermarket analysis 10:41

<Andy> Exited 1/4 ER2 Long @ 715.4 --> + 2.8 «« paper »»

<KN-ES> Long ES @ 14.00 10:44

<startrader> Shorts ES @ 1414.75 «« paper »» 10:46

<KN-ES> Exited 1/2 ES Long @ 15.25 --> + 1.25

<startrader> Shorts ES @ 1415 -> Add «« paper »» 10:47

<KN-ES> Exited 1/2 ES Long @ 16.75 --> + 2.75 10:49

<NihabaAshi> Covered ER2 Short @ 716.70 --> - 1.8

:(

<KN-ES> Exited Remainder ES Long @ 18 --> + 4

<NihabaAshi> Notice I'm not doing any position reversals...

Can't without the info for such. 10:50

<KN-ES> Shorts ES @ 17.50

Covered all ES Short @ 18.75 --> - 1.25 10:52

<startrader> Shorts ES @ 1420.25 «« paper »» 10:53

<Andy> Exited Remainder ER2 Long @ 718.3 --> + 5.7 «« paper »» 10:54

<pdays> Shorts ES @ 1420.75 10:55

<KN-ES> Shorts ES @ 19.75

<bulldog> vn andy

<startrader> 38% and 50% retrace here on todays low and after hours low. 10:56

<pdays> Covered all ES Short @ 1419.75 --> + 1

<KN-ES> Covered 1/2 ES Short @ 17.75 --> + 2 10:58

<startrader> Covered 1/3 ES Short @ 1416.50 --> - 1.5 «« paper »» 11:02

<KN-ES> Covered 1/2 ES Short @ 16.5 --> + 3.25

buy limit to cover ES short @ 18.75 11:04

<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) 11:07

<startrader> Covered 1/3 ES Short @ 1414.75 --> + 5.5 «« paper »» 11:08

Covered Remainder ES Short @ 1417 --> + 3.25 «« paper »» 11:11

<NihabaAshi> Long ER2 @ 714.60 -> medium size 11:13

Exited all ER2 Long @ 715.50 --> + 0.9 11:15

<Nesi> i will wait for something good , cant read this action 11:20

<NihabaAshi> Shorts ER2 @ 713.90 -> medium size 11:21

<startrader> Long ES @ 1417.50 «« paper »» 11:22

<NihabaAshi> Covered ER2 Short @ 713.90 --> 0 11:25

Volatility contracting nicely now... 11:27

Something will pop soon...down or up...doesn't really matter as long as it moves hard.

<Nesi> Long ER2 @ 715.10 «« paper »» 11:28

here we go :) 11:29

<NihabaAshi> Long ER2 @ 715.40 -> large size 11:30

volatility spike...hopefully it converts into a volatility breakout

* codehead_afk is now known as codehead

<startrader> Exited 1/2 ES Long @ 1420 --> + 2.5 «« paper »» 11:31

<NihabaAshi> Exited ER2 Long @ 717.60 --> + 2.2 11:32

Holding 1 contract only

<startrader> Friday lunch bunch is back.

<NihabaAshi> I'm now profitable for the day :)

<pat255> vn N 11:33

<startrader> Exited Remainder ES Long @ 1422.75 --> + 5.25 «« paper »»

<NihabaAshi> Yeah...when that volatility spike traversed into a volatility breakout... 11:34

It started moving fast

Exited Remainder ER2 Long @ 718.20 --> + 2.8

I got too many data problems... 11:35

I'm going to shut EVERY THING down and do a complete reboot of my computers and server.

Be back in about 10 mins.

My charts just went dead after I exited that last contract :( 11:36

* DisconnectedSession Close: Fri Jan 11 11:36:32 2008

Session Start: Fri Jan 11 11:59:26 2008Session Ident: #futurestrades

* Now talking in #futurestrades 11:59

<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTra desChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrad es.htm

<NihabaAshi> 1/11/2008 - Engineering is working to restore data flow for Qcharts 6.0 and 5.1. In 5.1 switching servers via ctrl+alt+n should enable you to connect to sc8 servers which seem to be updating. Engineering indicated that 6.0 should be ok now, if you are having problems please close out of Qcharts 6.0 and relaunch the application.

Just got that message from one of my data vendors. 12:00

Similar like message in my backup vendor (FuturesSource)...

Both Qcharts and FutureSource are now owned by eSignal :(

They sure do know how to mess up things that they get their hands on. 12:01

<pat255> soft prob here dont know ...may need new computer .. 12:04

<startrader> Covered 1/2 ES Short @ 1418 --> + 1 «« paper »»

<Nesi> come on, power up! 12:16

goooooo :)

<Brutus> 3k on the nq

<Nesi> i am watching IF goes 719 area, IF so, probably big spike up 12:17

<Brutus> 01/11/2008 12:16 DJ UPDATE: Inflation Worries Drive Gold Futures Above $900/Oz 12:18

was a stop run 12:20

<ItalianSharp> WTF was that????

<Brutus> no fill at 14 17 :(

<ItalianSharp> me neither

YM dropped like 60 pts in 2mins! 12:21

<Brutus> ym new lod

<ItalianSharp> thank god i had just exited around the 60ish area because i needed some water...:)

amazing spike this one...there is gonna be a major retracement IMO

ES still very bullish, so i am expecting it to keep YM from falling futher 12:22

<codehead> ER relatively strong today 12:30

<NihabaAshi> Shorts ER2 @ 714.30 -> small size 12:32

1 only...intuition trade 12:33

volatility spike 12:34

Hopefully it traverses into a volatility breakout

<codehead> long 12710 YM <paper>

20 tick stop YM <paper> 12:35

<NihabaAshi> oh oh...pin ball is back 12:38

Covered ER2 Short @ 714.90 --> - 0.6

Reverse and Enter Long ER2 @ 714.90

<codehead> exit half YM +19 <paper> 12:41

<NihabaAshi> Exited ER2 Long @ 715.10 --> + 0.2

We may just contract in the volatility until the 2pm Treasury Budget report 12:42

sneaky volatility spike... 12:46

snuck right by me

Long ER2 @ 715.00 -> small size 12:48

volatility spike

hopefully it traverses into a breakout

geeesh :( 12:49

Exited 1/2 ER2 Long @ 716.40 --> + 1.4

pin ball price action again 12:50

<Guest35179> Shorts ER2 @ 717.5 12:51

Covered all ER2 Short @ 716.8 --> + 0.7 12:53

<Nesi> Long ER2 @ 718.00 «« paper »» 12:55

<Guest35179> Shorts ER2 @ 717.9

<NihabaAshi> Exited Remainder ER2 Long @ 718.10 --> + 3.1

On that note...I'm starving and can't wait anymore... 12:56

<Nesi> breakout in the making..imho

<NihabaAshi> Going to lunch.

<Guest35179> Covered all ER2 Short @ 716.9 --> + 1 12:57

Shorts ER2 @ 718.5 12:58

<codehead> raise stop to b/e +10 YM <paper> 12:59

<startrader> Shorts ES @ 1419 «« paper »»

<codehead> target 12789

* NihabaAshi is now known as NihabaAshi_lunch 13:00

<codehead> oh yeah it's friday

may be having delusions

exit +30 <paper> need to go back to work 13:01

<Guest35179> Covered all ER2 Short @ 717.8 --> + 0.7 13:02

<startrader> Covered 1/2 ES Short @ 1417 --> + 2 «« paper »»

<codehead> long 12725 YM <paper>

stop under lod

<werner> <iNews> 13:00ET *BOSTON FED'S ROSENGREN: HOUSING PUTS ECONOMY AT RISK OF 'SIGNIFICANT' DOWNTURN [AFX] 13:03

<Guest35179> Shorts ER2 @ 716.3 13:07

Covered all ER2 Short @ 715.6 --> + 0.7 13:08

<codehead> stop is at 12695 for -30 on paper trade, trying to test b/d 13:09

<X> #FuturesTrades Info -> Chat room for traders and intermarket analysis of Emini Futures (EMD, ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQQ, SPY) 13:10

<codehead> YM looking grim 13:12

stopped 13:15

<Guest35179> Shorts ER2 @ 713.6 13:18

<startrader> Covered Remainder ES Short @ 1410.75 --> + 8.25 «« paper »» 13:19

<Guest35179> if it breaks here 710-711? 13:21

<Brutus> wtg st

<Nesi> or under,, imho

<Guest35179> Covered all ER2 Short @ 712.3 --> + 1.3 13:22

<startrader> ty 13:23

2 ticks from getting stopped out and some help from fed speak. 13:24

Long ES @ 1412 «« paper »» 13:31

<codehead> long YM 12666 stop 12649 <paper> 13:39

hm, i did this trade a couple days ago, hit 12650, threatened my stop but didn't hit, and ran up up up 13:40

but i got nervous on the near-hit and took a small quick profit

cept entry was 61 then 13:41

exit half YM +23 <paper> 13:42

<startrader> Nice grab at the 666! 13:44

<codehead> not so sure yet--testing... 13:46

but that 12650 low the other day should *try* to give some support

<startrader> es at 1410 and ym at 666!!!

<codehead> my real trades today have been -10 stop-out followed by +15 immediately when it didn't drop further, bought it back 1 tick under stop fill, though it bounced another 34 :-/ 13:47

12650 hit

shew, quick

my stop him at 12649, -17

hit

on remainder 13:49

* NihabaAshi_lunch is now known as NihabaAshi

<codehead> could get a Ym vegas if mkt wants to try rebound a bit 13:53

that lod on YM was *exactly* S1 (woodie's style) 13:55

<NihabaAshi> Long ER2 @ 713.10 -> small size 13:56

<silo> wb niha 13:57

<NihabaAshi> volatility contracting again and I have no support from Gold nor Oil :(

<codehead> oil dumping here 13:59

<NihabaAshi> Exited ER2 Long @ 712.80 --> - 0.3

Reverse and Enter Short ER2 @ 712.80

<codehead> long YM 12654 <paper> 14:00

stop 12639

my last try

<NihabaAshi> :( 14:06

Nasty

<codehead> YM potential for htlb on cci here... at test line

<NihabaAshi> You can only watch the paint dry for so long 14:07

<codehead> ugly

<szubaark> code, it can ride the -100 rail for hours 14:08

<codehead> the longer this is stuck here, the more likely down move 14:09

<szubaark> usually when it breaks the HTLB its a Huge Spike so your entry will suck

<NihabaAshi> Covered ER2 Short @ 713.10 --> - 0.3

<codehead> if YM can't get to at least 12674 before turning back down, will be pretty weak try 14:10

needs to retest 680 area

hit 72 :-/ 14:11

3 and 5 min cci right at the test szu

needs to close this bar 14:12

3 min trigger there, just barely

the other day when it hit 12650 lod and rebounded big, it signalled in 12670-680 area with htlb for a decisive reversal 14:13

<szubaark> but it can also form reverse Divergence for a Short

<codehead> ya

5 min needs to find some buying here 14:14

<szubaark> trend is down, so i would look for Shorts

<codehead> last minute of bar, looking weak

<ItalianSharp> mkts trying to build some support now

if they pop, it'll be a nice one

<startrader> 15 min ivb on ym and es now. would not short. 14:16

<codehead> exit half YM +25 <paper>

<ItalianSharp> got shaken out right before teh pop...:( 14:17

this totally sucks

coming out with 3 ticks instead of 23

<NihabaAshi> Long ER2 @ 715.50 -> small size

<codehead> knew i should take that last dip long for real :-/ 14:18

exit remainder Ym +40 <paper>

was looking for 50, but it's friday 14:19

<NihabaAshi> Exited all ER2 Long @ 715.60 --> + 0.1

tough price action

Shorts ER2 @ 712.90 -> small size 14:34

mixed info here after entry :(

<szubaark> Buys ES @ 1412.75 «« paper »» 14:45

<codehead> see that Ym famir trigger?

<NihabaAshi> Market wants to go up badly but it doesn't know how...that's where the mix signals are occurring. 14:46

<codehead> yeah

it has bad news for down, wants to hear some good news

<NihabaAshi> Shorts ER2 @ 713.80 -> Add 14:47

Covered 1/2 ER2 Short @ 712.60 --> + 1.2 14:49

<szubaark> Exited all Long ES at 1409.75 --> - 3 «« paper »»

:((

Shorts ES @ 1409.75 «« paper »»

<codehead> woah, ER sure rolled there

<NihabaAshi> Covered ER2 Short @ 710.70 --> + 2.2

Holding 1 contract

<szubaark> hopefully no more pop just DOWN 14:50

:( 14:51

<codehead> guess ER decided it needed to catch up with YM 14:52

<NihabaAshi> It's a tough range day because the contracting volatility between spikes are longer in duration 14:54

<szubaark> also every volatility spike is retraced 100% during the contraction :( 14:55

<codehead> indices in cci extremes on that move 14:58

<NihabaAshi> wow...just saw a dark hammer line

<codehead> a few towels being thrown in here

<NihabaAshi> That's the first one I've seen all day even though I missed a bulk of the info due to data problems

<szubaark> Covered all Short ES at 1409.25 --> + 0.5 «« paper »» 14:59

geez 15:00

Buys ES @ 1409.25 «« paper »»

<NihabaAshi> DAX never made it below its lower price area of the tight trading range.

<szubaark> thing wants to Pop to upside Bad

:(

<codehead> been noticing that the indices get a little covering after they break the stops today, but haven't seen real follow-thru buying 15:01

<szubaark> New lows and its not going down 15:02

<codehead> so you have to either short bounces when they stall, or scalp a breakdown when it stills to get any ticks other than just stying short

chasing bars not working out very well

<ItalianSharp> codehead, when does chasing bars work well anyways? :) 15:03

<codehead> dow trying to decide it if can go for a -300 day or not, seems

yeah it doesn't, but i mean buying cuz it's going up at the moment not a good idea 15:04

the only safe countertrends have been following a new low, to get a wave of bargain hunters/covers 15:05

<szubaark> yup, new low and Pause, frikin weird Price Action

<codehead> i guess dow trying to get support around 12600 area 15:06

<rickf> k all have a good weekend

<startrader> Long ES @ 1505 «« paper »» 15:09

got a 60 min line there and they seem to be shooting for stops down here.

<codehead> long YM 12635 <paper>

woah, shaking 15:10

<startrader> Exited all ES Long @ 1503 --> - 2 «« paper »»

<NihabaAshi> Finally got the trade in which I'm able to drag ER2 down from behind... 15:11

It'll be my usual trade that allows me to call it quits for the day after exceeding my profit goal. 15:12

<szubaark> Exited all Long ES at 1402 --> - 7.25 «« paper »»

<ItalianSharp> yeah niha, you always seem to nail a big one when volatility is high

<Nesi> ES 1400 almost

<NihabaAshi> Still a tough morning for me today...5 straight losses this morning on top of big time data problems.

Wow...

see the DAX 15:13

geeesh

<ItalianSharp> i had 4-5 straight too this morning...but no excuses for me: no data problems, just didn't understand the market properly

<Nesi> interesting last hour 15:14

<NihabaAshi> Covered Remainder ER2 Short @ 706.60 --> + 6.3 15:15

WRB Analysis

Learn More

<szubaark> Buys ES @ 1403 «« paper »»

<codehead> exit -15 YM <paper>

<lumenPharmer> wtg niha :)

<Brutus> nice trade n 15:16

<bulldog> vn

<szubaark> nice Niha

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

<szubaark> no clue how you held thru all that Chop

<lumenPharmer> we had the range from 712-718, 6pts, the range broke and gave us 6pts down 15:17

i got 1.5 of it, o to be like niha :) 15:18

<Nesi> pinball again

<lumenPharmer> lol next time

<Nesi> IF ER takes 705 then probably big more drilling till close..imo 15:19

ES trying and trying to take big round number 1400 15:20

i want blood :)

<lumenPharmer> hehe

<Nesi> call me Dracula :) 15:21

<szubaark> what? no Pop yet? LOL

<Nesi> not even covering ;)

<szubaark> wonder what they got planned for last hour 15:22

<Nesi> mamamia ;) 15:23

<lumenPharmer> i can smell the margin burning ;) 15:24

<startrader> Long ES @ 1505 «« paper »» 15:30

<ItalianSharp> man, i need 10 second charts to trade this...1min is too slow 15:31

<domvert> nope micro second chart

<startrader> Exited 1/3 ES Long @ 1508.25 --> + 3.25 «« paper »» 15:33

Exited Remainder ES Long @ 1507.25 --> + 2.25 «« paper »» 15:36

<szubaark> exit stop moved to breakeven ES @ 1403 «« paper »» 15:40

<werner> nice wk all 15:58

<Nesi> great weekend all :)

<szubaark> Exited all Long ES at 1407.50 --> + 4.5 «« paper »» 16:04

<bulldog> gn all

<Brutus> ============ U.S. MARKETS ACTION =========== 16:05

DJIA down 213.46 points to 12639.63

NASDAQ down 39.24 points to 2449.28

S&P 500 down 14.44 points to 1405.89

10-year T-note up 25/32 at 103 22/32 yield 3.797

NYMEX Spot Crude down $1.02 at $ 92.69/bbl at close

Dollar/Euro down 0.0022 at 1.4778

http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={2dcfc 2cb-023f-4f99-ac12-ac3f05d2783a}

Nice one Szu, good WE all

<szubaark> bye Brutus, all.. til next week

<startrader> Tried sooo hard to close the ym at 666.. 16:15

<szubaark> hehe 16:16

* sep34 is now known as sep34-away 16:50

* NihabaAshi is now known as NihabaAshi_away 16:54

<X> #FuturesTrades Info -> Chat room for traders and intermarket analysis of Emini Futures (EMD, ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQQ, SPY) 17:19

* DisconnectedSession Close: Fri Jan 11 21:30:49 2008 21:30

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