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#FuturesTrades January 24th Thursday 2008 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+37.10	+297.90	+297.90
$3,710	$29,790	$29,790

Profitable Trade

1100am - 1104am est

Losing Trade

1033am - 1038am 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: Thu Jan 24 00:00:00 2008Session Ident: #futurestrades

<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) 00:18

#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) 02:24

* DisconnectedSession Close: Thu Jan 24 04:17:40 2008 04:17

Session Start: Thu Jan 24 08:43:56 2008Session Ident: #futurestrades

* Now talking in #futurestrades 08:43

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

* Retrieving #futurestrades modes... 08:44

<futurible1> GM ALL 08:47

<Andy> Long ES @ 698.2 -> large size «« testing »» 09:06

Exited all ES Long @ 698.4 --> + 0.2 «« testing »»

<drt> gm guys 09:19

<rickf> gm

<Nesi> hi

<ItalianSharp> gm

<Andy> gm all, drt, rickf, IS 09:20

<Brutus> gm all 09:29

<Pepe> gm all 09:31

<bulldog> gm 09:32

<PapaJon> gm all 09:33

<szubaark> Shorts ES @ 1344.25 «« paper »» 09:34

<les> Long ER2 @ 698.6 «« paper »» 09:39

<szubaark> Covered all Short ES at 1344.25 --> 0 «« paper »»

<les> Exited 1/3 ER2 Long @ 699.1 --> + 0.5 «« paper »»

<szubaark> Buys ES @ 1343.75 «« paper »» 09:40

<les> Exited 1/3 ER2 Long @ 699.5 --> + 0.9 «« paper »» 09:42

<szubaark> exit stop moved to breakeven ES @ 1343.75 «« paper »»

<les> Exited Remainder ER2 Long @ 699.4 --> + 0.8 «« paper »» 09:44

<szubaark> Exited all Long ES at 1348.75 --> + 5 «« paper »» 09:45

<les> Long ER2 @ 700.6 «« paper »»

<Andy> Shorts ES @ 700.2 «« paper »» 09:46

Covered all ES Short @ 701.1 --> - 0.9 «« paper »» 09:48

<szubaark> Buys ES @ 1349 «« paper »» 09:49

<les> Exited 1/3 ER2 Long @ 701.6 --> + 1 «« paper »» 09:52

Exited 1/3 ER2 Long @ 702.6 --> + 2 «« paper »»

wow that was a quickie pop

<szubaark> exit stop moved to breakeven ES @ 1349 «« paper »» 09:53

<les> exit stop raised ER2 @ 703.6 «« paper »» 09:55

Exited Remainder ER2 Long @ 705.1 --> + 4.5 «« paper »»

<Andy> Shorts ES @ 704.9 «« paper »» 09:56

<szubaark> Exited all Long ES at 1349 --> 0 «« paper »»

Shorts ES @ 1349 «« paper »»

<Andy> Covered 1/2 ES Short @ 703.1 --> + 1.8 «« paper »» 09:58

<Brutus> 1000/1500 Dec Existing Home Sales 09:59

Total Sales 4.98M 5M

Percent Change +0.4%

1030/1530 Jan 18 US Energy Dept Oil Inventories

Crude Oil Stocks (in barrels) +4.3M

Gasoline Stocks (in barrels) +2.2M

Distillate Stocks (in barrels) +1.1M

<Andy> Covered 1/4 ES Short @ 702.3 --> + 2.6 «« paper »» 10:00

<NihabaAshi> Long ER2 @ 701.50 -> large size 10:01

stole a great entry...lets see if it holds 10:02

<Andy> Covered Remainder ES Short @ 703.3 --> + 1.6 «« paper »»

<pat255> vn

<szubaark> Covered all Short ES at 1353 --> - 4 «« paper »» 10:03

Buys ES @ 1353 «« paper »»

Exited all Long ES at 1353 --> 0 «« paper »» 10:05

Shorts ES @ 1353 «« paper »»

<NihabaAshi> Exited ER2 Long @ 704.00 --> + 2.5

<szubaark> exit stop moved to breakeven ES @ 1353 «« paper »» 10:09

<les> Shorts ER2 @ 702.7 «« paper »»

Covered 1/3 ER2 Short @ 702.2 --> + 0.5 «« paper »»

<szubaark> nice les 10:10

<les> thx szu

Covered 1/3 ER2 Short @ 701 --> + 1.7 «« paper »» 10:12

exit stop lowered ER2 @ 701.5 «« paper »»

exit stop lowered ER2 @ 698.2 «« paper »» 10:15

<szubaark> Volatility breakout

<les> Covered Remainder ER2 Short @ 697.3 --> + 5.4 «« paper »» 10:16

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)

<NihabaAshi> Shorts ER2 @ 694.30 -> small size 10:21

trade error 10:22

Sticking with it because I am Bearish

<les> done for today 10:23

mad markets here

<Pepe> nice les

<les> thx

<NihabaAshi> Covered ER2 Short @ 695.90 --> - 1.6 10:25

<Nesi> oil numbers out 10:30

* codehead_afk is now known as codehead 10:31

<NihabaAshi> Shorts ER2 @ 693.80 -> medium size 10:33

not a good entry 10:34

need Oil and Gold to help

Shorts ER2 @ 695.30 -> Add 10:35

<szubaark> Expecting Volatility spike soon, hopefully down, im Short 10:36

Covered all Short ES at 1343 --> + 10 «« paper »»

dont like the price action here 10:37

<NihabaAshi> Covered all ER2 Short @ 696.70 --> - 4.3 10:38

<KN-ES> Shorts ES @ 47.25 10:41

Covered 5/6 ES Short @ 454.75 --> - 407.5 10:42

<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)

<KN-ES> Covered 5/6 ES Short @ 44.75 --> + 2.5

<NihabaAshi> Shorts ER2 @ 696.50 -> large size 10:43

<KN-ES> Covered Last Contract ES Short @ 45.75 --> + 1.5

Long ES @ 46.75 10:44

Exited all ES Long @ 46.75 --> 0

<NihabaAshi> Pin Ball Machine again

<szubaark> Shorts ES @ 1345.25 «« paper »» 10:45

<KN-ES> Long ES @ 45.25 10:46

<NihabaAshi> Covered all ER2 Short @ 695.50 --> + 1 10:47

<rickf> back in a bit

<KN-ES> Exited 5/6 ES Long @ 46 --> + 0.75

Exited Last Contract ES Long @ 45.25 --> 0 10:48

<szubaark> cant decide which way wants to go Next

<KN-ES> Long ES @ 46.25

Exited 5/6 ES Long @ 47.5 --> + 1.25 10:49

Exited Last Contract ES Long @ 46.25 --> 0

<NihabaAshi> Long ER2 @ 696.60 -> large size 10:50

<KN-ES> Shorts ES @ 45.5 10:51

Covered all ES Short @ 45.5 --> 0

<NihabaAshi> Exited ER2 Long @ 696.60 --> 0 10:52

will try to catch a better entry price

volatility slowly contracting 10:53

<szubaark> Covered all Short ES at 1345.25 --> 0 «« paper »»

:(

<KN-ES> lost tradestation 10:54

<NihabaAshi> Shorts ER2 @ 695.30 -> large size

<szubaark> Buys ES @ 1345 «« paper »» 10:55

<Andy> meat grinder action

<KN-ES> Long ES @ 45

<szubaark> exit stop moved to breakeven ES @ 1345 «« paper »» 10:56

<KN-ES> Exited 5/6 ES Long @ 46.25 --> + 1.25

<szubaark> Exited all Long ES at 1345 --> 0 «« paper »»

<KN-ES> Exited Last Contract ES Long @ 45 --> 0

<szubaark> Shorts ES @ 1344 «« paper »»

<KN-ES> Shorts ES @ 44 10:57

<NihabaAshi> Pin Ball Maching again :(

<szubaark> hopefully makes up its mind soon

exit stop moved to breakeven ES @ 1344 «« paper »»

<KN-ES> Covered 5/6 ES Short @ 42 --> + 2

<NihabaAshi> Covered ER2 Short @ 695.50 --> - 0.2

<KN-ES> Covered Last Contract ES Short @ 43.75 --> + 0.25

Covered Last Contract ES Short @ 42.75 --> + 1.25 10:58

Long ES @ 42.25

1cts

<Andy> Long ES @ 695.6 «« paper »» 10:59

<KN-ES> Exited all ES Long @ 41.25 --> - 1 11:00

<NihabaAshi> Shorts ER2 @ 695.60 -> large size

<Andy> Exited all ES Long @ 695.6 --> 0 «« paper »»

<NihabaAshi> My entry price is rising...not a good sign

Meant...my entries on the Shorts are rising 11:01

<szubaark> got some breathing room now on my Entry 11:02

<KN-ES> Long ES @ 39.75 11:04

<NihabaAshi> Covered ER2 Short @ 693.00 --> + 2.6

<Pepe> ¨very nice Niha 11:05

<NihabaAshi> Wanted to stay in longer but the price action got too jumpy again (pin ball machine jumpy).

It burnt me on one trade but I got my profit level back to where I wanted it. 11:06

<KN-ES> Exited 5/6 ES Long @ 40.25 --> + 0.5

Exited Last Contract ES Long @ 42.75 --> + 3 11:07

Exited Last Contract ES Long @ 41.75 --> + 2

Long ES @ 40.50 11:10

1cs

Exited all ES Long @ 43.50 --> + 3 11:11

<szubaark> Covered all Short ES at 1344 --> 0 «« paper »» 11:12

<KN-ES> Shorts ES @ 44 11:13

1cts

<NihabaAshi> Long ER2 @ 694.30 -> small size

<KN-ES> Covered all ES Short @ 45 --> - 1

Shorts ES @ 44 11:15

Covered 5/6 ES Short @ 43.50 --> + 0.5

<szubaark> Buys ES @ 1344 «« paper »» 11:16

<KN-ES> s/l 56.50

s/l 46.50

Covered ES Short @ 44.75 --> - 0.75 11:19

Reverse and Enter Long ES @ 44.75

1cts

<NihabaAshi> Exited ER2 Long @ 693.30 --> - 1 11:20

Long ER2 @ 693.20 -> small size 11:21

<KN-ES> Exited all ES Long @ 46.75 --> + 2 11:23

<szubaark> exit stop moved to breakeven ES @ 1344 «« paper »»

Exited all Long ES at 1346 --> + 2 «« paper »» 11:25

<NihabaAshi> Exited ER2 Long @ 693.70 --> + 0.5 11:26

going no where soon

It's also setting up for a Volatility Spike 11:27

<szubaark> see a triangle forming on ES, best to stay away

<NihabaAshi> Just can get a good guess on the direction :(

can = can't

<pat255> y ...need to take quick scalp .. 11:28

er not follow es 11:29

<NihabaAshi> Long ER2 @ 694.50 -> small size 11:31

sneaky volatility spike 11:32

<KN-ES> Shorts ES @ 48

Covered 5/6 ES Short @ 47 --> + 1 11:33

<NihabaAshi> Gold not helping either

<KN-ES> s/l 50

<pat255> hmm s/l 50?

<NihabaAshi> Exited ER2 Long @ 695.10 --> + 0.6 11:34

geeesh

Those 3 trades in the chop just tired me out.

Going to take an early lunch and take a mental rest. 11:35

<pat255> know what u mean ..thot it was only me ..

<NihabaAshi> Be back later...

* NihabaAshi is now known as NihabaAshi_away

<KN-ES> pat255 -- this price has well, more or less no pattern............just playing safe, in this trade already have +5, dont mind loosing 2, placed the stop +1 tick from last hh 11:36

and it already tried 49.75 once

so heading for a tirple h 11:37

<pat255> thks KN

<KN-ES> u welcome

<pat255> c what u mean ..

what tf chart u use for setups? 11:38

<KN-ES> right now, just 60 min

trying to figure out where we are 11:39

and following the volume

<pat255> k ...ty

<szubaark> Shorts ES @ 1348.50 «« paper »» 11:43

<ItalianSharp> things are getting very choppy and paulson's/trichet's speeches are making it look better 11:46

arent making better sorry

<Nesi> what time?

<szubaark> Covered all Short ES at 1350 --> - 1.5 «« paper »»

Buys ES @ 1350 «« paper »»

<ItalianSharp> paulson at 11.20am and trichet at 11.35am 11:47

<pat255> they are all trying to juice it ..

<Guest35179> Long ER2 @ 695.8 11:48

Exited all ER2 Long @ 697.2 --> + 1.4 11:49

<KN-ES> Shorts ES @ 50.75 11:50

1 cts

<szubaark> Watching possible ES high test 11:52

Exited all Long ES at 1349.75 --> - 0.25 «« paper »» 11:53

Shorts ES @ 1349.75 «« paper »»

<startrader> Looked like a fake break of 60 min ivb, hope they expand range to downside. 11:55

Shorts ES @ 1347 12:00

this whole price action could be easily painted to draw participants in. 12:02

<Brutus> which way star? 12:04

<startrader> That's a good question! with the 15 min reversal bar looks like they want them short like me to melt it up. 12:06

<szubaark> Covered all Short ES at 1349.75 --> 0 «« paper »» 12:08

Shorts ES @ 1347.50 «« paper »» 12:09

nasty spike to get my Stop

<startrader> would like to see 43.25 12:14

<Guest35179> Long ER2 @ 692.9 12:16

<startrader> need some more of that magic. 12:18

<Guest35179> Exited all ER2 Long @ 691.9 --> - 1

<szubaark> Covered all Short ES at 1348 --> - 0.5 «« paper »» 12:22

Buys ES @ 1348 «« paper »»

Exited all Long ES at 1345 --> - 3 «« paper »» 12:24

tricky

Shorts ES @ 1345 «« paper »»

<startrader> There is my 43.25 12:27

<Guest35179> Long ER2 @ 689.3 12:29

<startrader> Covered all ES Short @ 1343.50 --> + 3.5 12:31

<KN-ES> Covered all ES Short @ 43.75 --> + 7 12:34

<Guest35179> Exited all ER2 Long @ 688.5 --> - 0.8 12:36

<KN-ES> Long ES @ 41 -> small size 12:37

<startrader> big picture I am looking for a move to 1323. 12:38

<Guest35179> Shorts ER2 @ 688.1

<KN-ES> Exited all ES Long @ 40.50 --> - 0.5 12:39

<Guest35179> Covered all ER2 Short @ 687 --> + 1.1 12:40

<KN-ES> Long ES @ 40.75 12:41

<Andy> Long ES @ 688.2 «« paper »» 12:43

oops, that's ER

Long ER2 @ 688.2 «« paper »»

<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) 12:45

<Andy> Exited 1/2 ER2 Long @ 689.4 --> + 1.2 «« paper »» 12:46

<KN-ES> Exited 2/3 ES Long @ 42 --> + 1.25

Exited 1/6 ES Long @ 44 --> + 3.25 12:53

<Guest35179> Shorts ER2 @ 690.9

<KN-ES> s/l 40

<Andy> Exited Remainder ER2 Long @ 690.2 --> + 2 «« paper »» 12:54

<Pepe> nice Andy

<Andy> thanks, Pepe

<nqlove> hi mates

<Pepe> HI

<Guest35179> Covered all ER2 Short @ 690.4 --> + 0.5

<startrader> Shorts ES @ 1346.25 12:58

<nqlove> hey can i get into STL 12:59

its hum here

* sep34 is now known as sep34_away

* NihabaAshi_away is now known as NihabaAshi

<Guest35179> Shorts ER2 @ 691.9 13:00

<startrader> Shorts ES @ 1347

Covered all ES Short @ 1345 --> + 2 13:01

<KN-ES> Exited Last Contract ES Long @ 45.75 --> + 5

<startrader> holding 1 for new low of day.

<KN-ES> Shorts ES @ 45.75

<Guest35179> Covered all ER2 Short @ 690.5 --> + 1.4 13:02

<KN-ES> Covered 5/6 ES Short @ 44.50 --> + 1.25 13:03

s/l 47.50

<nqlove> my Ninja doesnt load the euro session 13:04

i will need to delete 13:05

<KN-ES> Covered Last Contract ES Short @ 40.75 --> + 5 13:10

Long ES @ 41 13:11

sz

Exited 3/4 ES Long @ 42.50 --> + 1.5 13:12

<szubaark> Covered all Short ES at 1343 --> + 2 «« paper »»

<KN-ES> s/l 40 13:13

Exited Remainder ES Long @ 46 --> + 5

Shorts ES @ 45.75 13:15

1 cts

<Guest35179> Long ER2 @ 691.4 13:18

<NihabaAshi> Long ER2 @ 690.60 -> small size 13:20

:(

trade error...saw something in the volatility that's really not there. 13:21

Exited ER2 Long @ 691.70 --> + 1.1 13:23

lucky exit too :)

<Guest35179> Exited all ER2 Long @ 691.8 --> + 0.4

<nqlove> should 1 be running the Ninja the whole day 13:26

i just open it

and its has gaps 13:27

in the chart

<Brutus> 01/24/2008 13:27 *DJ White House: Bush To Comment On Stimulus Pkg Later Thurs 13:35

<Guest35179> Brutus, who do you use for news feed? 13:36

<NihabaAshi> Long ER2 @ 690.30 -> small size 13:40

<rickf> he's prolly using dowjones news feed

free w/many accounts i think

<NihabaAshi> sneaky booger again...almost kepted me on the sidelines

<Guest35179> thanks rickf 13:42

<rickf> np

<NihabaAshi> Exited ER2 Long @ 692.80 --> + 2.5 13:43

<startrader> Shorts ES @ 1348 13:45

fading the move with 1.5 pt stop.

50/50 trade with 4 to 1 rr. 13:46

Covered all ES Short @ 1349.50 --> - 1.5 13:51

amazing how fast things happen in election year. 13:58

<NihabaAshi> Not uncommon to see high volatility in an election year 14:00

New traders caught in between election years are usually caught off guard by the volatility.

Meant...new traders that started trading the year before an election year are caught off guard by the high volatility 14:01

Shorts ER2 @ 695.20 -> small size 14:05

ooops

Long ER2 @ 695.20 -> small size 14:06

It's a chaser by 0.9 ticks

Meant 0.80 ticks

<startrader> I remember 00, contested election, that was a brutal time.

Shorts ES @ 1351.50 -> large size 14:08

<NihabaAshi> Exited ER2 Long @ 696.50 --> + 1.3

<startrader> Covered all ES Short @ 1348.75 --> + 2.75 14:13

Shorts ES @ 1349.75 14:19

<NihabaAshi> Long ER2 @ 697.00 -> small size 14:24

I'm still holding because I have support from Gold and Oil...so far. 14:26

:(

<Nesi> Bush on at 2:30 i think 14:27

<NihabaAshi> Nesi...thanks for the heads up about Bush on TV

Exited ER2 Long @ 697.10 --> + 0.1 14:28

<Nesi> Bush ON 14:31

with Paulson :)

* sep34_away is now known as sep34 14:34

<Nesi> Bush done

<werner> 14:34ET APNewsAlert WASHINGTON (AP) -- President Bush is hailing the deal with congressional leaders on tax rebates and business tax cuts as {an effective, robust and temporary set of incentives} that will boost the economy. [AP]

<NihabaAshi> Shorts ER2 @ 697.60 -> small size 14:36

Covered ER2 Short @ 697.50 --> + 0.1 14:37

<ItalianSharp> Italian Government is about to fall...

<Nesi> ?

<ItalianSharp> Prime Minister Prodi will be sent home within minutes...

we are going to have elections next spring for a new governement 14:38

<startrader> How many govt's have they had since wwII? 14:42

I think more than any other developed nation..

should settle back down to 44.. 14:45

<Nesi> pin ball machine again 14:46

<NihabaAshi> Shorts ER2 @ 698.70 -> small size

<KN-ES> Long ES @ 52.25 14:47

<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) 14:48

<NihabaAshi> Covered 1/2 ER2 Short @ 696.60 --> + 2.1 14:49

<szubaark> market going in circles today 14:50

<NihabaAshi> Covered Remainder ER2 Short @ 695.60 --> + 3.1 14:51

WRB Analysis

Learn More

<startrader> got to my 44:) 14:59

<ItalianSharp> Italian Government officially collapsed... 15:04

<domvert> u serious about that italian 15:05

<rickf> nyt reports he lost vote of no confidence 15:06

<domvert> cant find any news

<rickf> http://www.nytimes.com/aponline/world/AP -Italy-Politics.html?_r=1&hp&oref=slogin

<ItalianSharp> yep

he did

<NihabaAshi> Italian...what time did that NEWS released ???

<rickf> AP story filed at 2:51 ET 15:07

<NihabaAshi> Meant...what time did you hear about it ???

<ItalianSharp> 3.01pm

but the voting in the Senate had been going on since 2pm 15:08

<NihabaAshi> Ok

<ItalianSharp> some senator was filmed while he popped open a bottle of champagne..

amazing what ahppens in this country

<Nesi> like Uruguay :)

<ItalianSharp> :) 15:09

<Nesi> in Uruguay they used to drink black label :)

<rickf> k guys out for meetings. have a gn, see you tomorrow. 15:26

<mhk> Long ER2 @ 695.4 15:43

Exited all ER2 Long @ 696.2 --> + 0.8 15:44

<Brutus> ============ U.S. MARKETS ACTION =========== 16:01

DJIA up 94.87 points to 12365.04

NASDAQ up 43.81 points to 2360.22

S&P 500 up 12.15 points to 1350.75

10-year T-note down 77/32 at 104 31/32 yield 3.642

NYMEX Spot Crude up $2.36 at $89.35/bbl at close

Dollar/Euro up 0.0125 at 1.4755

http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={629e4 170-c68f-43cb-b57c-9b462472feb4}

* sep34 is now known as sep34_away

<bulldog> gn all 16:11

<Brutus> gn all 16:15

<NihabaAshi> Take care all and see all tomorrow 16:18

* DisconnectedSession Close: Thu Jan 24 16:18:27 2008

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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

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