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#FuturesTrades January 29th Tuesday 2008 Trade Log

 

Russell 2000 Emini ER2 Futures

Today Month Year
+20.40 +363.30 +363.30
$2,040 $36,330 $36,330

Profitable Trade

0945am - 0956am est

Losing Trade

1445pm - 1451pm 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: Tue Jan 29 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)00:57
* codehead is now known as codehead_afk02:32
* Now talking in #futurestrades09:30
<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<PapaJon> gm all09:34
<pat255> gm all..
<startrader>  Long ES @ 1362 09:37
<szubaark>  Shorts ES @ 1362 «« paper »»
<startrader>  Exited 1/2 ES Long @ 1364 --> + 2 09:39
<base> GM all
<ProDisfatta> gm
<drt> gm all09:40
<szubaark>  Covered all Short ES at 1364 --> - 2 «« paper »» 09:41
<Pepe> 10:00am Consumer Confidence
<szubaark>  Buys ES @ 1364 «« paper »»
<startrader>  Exited Remainder ES Long @ 1363 --> + 1
<rickf> short es 1362.50 paper09:42
<NihabaAshi>  Shorts ER2 @ 705.80 -> small size 09:45
<szubaark>  Exited all Long ES at 1360.50 --> - 3.5 «« paper »»
:((
Shorts ES @ 1360.50 «« paper »»
<startrader>  Long ES @ 1359.75 09:46

Long ES @ 1358.75 -> Add 09:48
<NihabaAshi> Dark Hammer line on the 1min chart09:49
<rickf> exit es 1359 +3.5 paper
<startrader>  Exited all ES Long @ 1360 --> + 1.5 09:50
<NihabaAshi>  Covered 2/3 ER2 Short @ 701.30 --> + 4.5 09:53
<pat255> vn N ..
<Pepe> beautiful short Niha09:54
<szubaark>  Covered all Short ES at 1358.25 --> + 2.25 «« paper »»
<Brutus> 1000/1500 Jan Conference Board Consumer Confidence Index09:56

Consumer Confidence Index 87 88.6

1700/2200 Jan 27 ABC/Washington Post Consumer Confidence Index

Consumer Comfort Index -23

N/A Florida presidential primaries

N/A Jan FOMC meeting, day 1
<NihabaAshi>  Covered Remainder ER2 Short @ 699.70 --> + 6.1
<startrader>  Long ES @ 1357.25 09:57
<NihabaAshi> I reached my profit goal for the day.
<rickf> short es 1557.75

paper
<NihabaAshi> I'm officially in profit protection mode for the remainder of the trading day...
1 contract only for the remainder trading day.09:58
<Pepe> nice
<TraderO>  Shorts ER2 @ 697.5 09:59
<NihabaAshi> Looks like pre-reaction to the pending 10am est Consumer Confidence Report
<szubaark>  Buys ES @ 1355 «« paper »»
* cwellsi buys ER 696.7
<szubaark>  Exited all Long ES at 1357.75 --> + 2.75 «« paper »» 10:00
* cwellsi covers ER 698.8 +2.1
<cwellsi> sorry sells10:01
<TraderO> Stop @ 699.5

Covered 1/2 ER2 Short @ 696.5 --> + 1

Covered Remainder ER2 Short @ 695.5 --> + 2 10:02
<rickf> exit es 1552 paper
* cwellsi shorts ER 696.6
<rickf> + 5.25
<ItalianSharp> :01ET APNewsAlert WASHINGTON (AP) -- The Federal Reserve, working to combat effects of a serious credit crisis, has auctioned {$30} billion in funds to commercial banks at an interest rate of 3.123 percent. [AP]
<NihabaAshi> crazy FED10:03
It won't help :(
<rickf> sloppy trade.....lost my charts for a while. lucky exit
<ItalianSharp> wow...this news ahead of tomorrow FOMC is amazing
<NihabaAshi> ItalianSharp...
<rickf> perhaps a sign they WON'T cut again?
<ItalianSharp> it really tells how deep in trouble the US economy is
<NihabaAshi> Remember our conversation awhile ago about the weird price action in which we felt something BIG was about to occur :)10:04
<ItalianSharp> yep

:)
<NihabaAshi> 1. Big Market drop occurred soon afterwards
1. Surprise rate cuts by the FED
3. Auction of 30 billion in funds to the banks10:05
<ItalianSharp> 4. tomorrow's FOMC ???
<NihabaAshi> Geeshh...what a crazy January and we still have tomorrow.
Yep
<pat255> tomorrow wild day i suppose
* cwellsi buys ER 698.310:06
<ItalianSharp> yep...we gotta watch out for early clues of what the big boys will be doing tomorrow
<TraderO> NihabaAshi can we get people to post trades somewhere around the actual price. I've put a TIME stamp on the posted trades and it seems only me and you are posting trades when the price is trading at the trades. Just a thought. Thanks
<ItalianSharp> actually...what the big boys are doing NOW

tomorrow might be too late
<NihabaAshi> TraderO...that's a tough request considering the following...
* Some traders are not use to chat rooms...10:07
<pat255> S 699.5

stop 1 pt above now
<NihabaAshi> In comparison, I've been posting my trades online since 1998.
<TraderO> OK thanks

GOOD POINT
<NihabaAshi> I still remember how "difficult" it was to post my trades and watch my broker screen back in 1998
<pat255> out -.510:08
<TraderO> I try to post my STOP also. That helps
<pat255> oh man ..
<NihabaAshi> Simply, in the beginning there's delays because some traders want to watch their charts a few seconds and confirm the price of their order execution PRIOR to posting the trade.
That's normal.
* cwellsi sells ER 698.3 flat stopped10:09
<pat255> nice cw ..i need to be quick to b/e
<TraderO> My Interactive Broker account is set on ALARM when trade is filled. It rocks my ears off. lol
<NihabaAshi> * Also, the speed of trade posting is dependent upon how we setup our monitors.
<szubaark> Also, depends on how fast the instrument moves. ER2 ticks a lot faster then ES
<NihabaAshi> Thus, if your IRC program is on one monitor and your broker platform on another monitor or computer...there will be delays because the human eye doesn't move that fast.10:10
My own trades are usually posted with a 5 second delay.
<rickf> plus not many of us have the handy TS plugin that sends your trade right to the chatroom when you do it
<cwellsi> fast moving markets can make a 15 sec delay in posting seem like a delayed post...1st priority is trade management
<pat255> yup especially trading er10:11
<TraderO> I got 3 monitors. Charts 1, Trading Program 2, Chat 3
<pat255> the wild beast
<NihabaAshi> Yeah...rickf...a few in here are using those plugins to send their trades to the chat room.
<rickf> cwellsi - good point. if it's managing a trade or posting a trade, manage the trade. :)

if/when i move to TS I'll grab that script niha -- less typing that way
<NihabaAshi> NUMBER #1 goal is to manage your trade and then post it when you can.10:12
<cwellsi> yes pat , but when you can tame the beast, she purrrs :}
<NihabaAshi> I would tell anyone that if trade posting is causing you problems with managing your trades...
The room is a distraction and I recommend not using the chat room in here.
<pat255> lol ...dang tuff for me to tame ..yes just looking at yoru tare & N am tarde ...need to hang in ..
<NihabaAshi> We have had many "good traders" leave #FuturesTrades because they couldn't get use to posting trades and managing their trades properly.10:13
<szubaark>  Shorts ES @ 1359.75 «« paper »» 10:14
<NihabaAshi> As for stop posting...10:15
My HARD STOP is always -4 points upon entry...it auto sets.
However, I use a -2 point mental stop.
The hard stop is only for emergency situations only (e.g. my computer crash in a middle of a trade).10:16
* cwellsi shorts ER 700.1
<pat255> yup i need to do that ..10:17
<NihabaAshi> However, I'll exit a trade for any reason which means I don't always exit for a -2 point loss.

My average loss is around -0.7 ticks
<TraderO> 2 for me on ER NIHA
<szubaark>  exit stop moved to breakeven ES @ 1359.75 «« paper »» 10:19
<NihabaAshi> Simply, that's the reason why I don't post my stops after each trade...
They are always the same :)
<szubaark>  Covered all Short ES at 1359.75 --> 0 «« paper »» 10:20
<codehead> i see a target 703.3-703.5 right now10:21
<pat255> no reason to ...N ..entry is just fine
<codehead> intersection of a .618 retrace and a .618 extension off the bottom (703.2)
also a wave target at 703.5, close buy
by
<rickf> long es 1361 paper10:22
<codehead> on ER2
<startrader> Would like to see a move over 71 on es to shake out shorts.10:23
<szubaark>  Shorts ES @ 1360 «« paper »» 10:24
<TraderO>  Shorts ER2 @ 701.8 10:25
<szubaark>  Covered all Short ES at 1361.50 --> - 1.5 «« paper »»
Buys ES @ 1361.50 «« paper »» 10:26
<TraderO> Stop 2 points 703.8
<KiwiRoo> gm all..
<rickf> exit es 1361 +0 paper10:27
<codehead> ER2 target hit10:28
* cwellsi shorts ES 1361.25

shorts ER 703.3 add10:29
<pdays>  Shorts ES @ 1361 10:33
Covered all ES Short @ 1359.0 --> + 2 10:37
<TraderO>  Covered 1/2 ER2 Short @ 701.8 --> 0

Covered Remainder ER2 Short @ 700.8 --> + 1 10:42
<NihabaAshi>  Long ER2 @ 701.90 -> small size 10:44
Exited ER2 Long @ 701.30 --> - 0.6 10:46
Reverse and Enter Short ER2 @ 701.30
  
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) 
  
<rickf> back in a bit10:48
<NihabaAshi>  Covered ER2 Short @ 699.20 --> + 2.1 10:49
* cwellsi covers ES 1357.75 +3.510:50
<pat255> vn guys ...patience pays off.
* cwellsi covers ER 699.10 +4.2, +1
<pat255> cw do u keep a stop ..on er?10:51
<cwellsi> yes
<pat255> how much u keep awide one like N..10:52
that is a big prob for me ...
<cwellsi> varies depending on price action
<pat255> k thks ..
<cwellsi> but many seem to use a solid 2pt stop
<pat255> y that looks reasonable ..10:53
<cwellsi> personally i think a wider stop is in order for ER due to its wild swings
<pat255> right ..or else it takes your stops..& u hesitate to take another trade ..10:54
<cwellsi> but your milage may vary :}
<pat255> kty ..helpful .
* cwellsi buys ER 700.110:56

sells ER 702.1 +210:58
<NihabaAshi> A slightly off topic market discussion...
Whenever the FED lowers interest rates and with all the credit problems...10:59
It's a time for consumers to REDUCE debts and not accumulate more debt.
<pat255> N consumers are spoiled ..n one wants to c the reality ..
<NihabaAshi> Being debt free other than reoccurring cable bill stuff is big plus to "true" financial freedom.11:00
pat255...its tough for most consumers to "tighten the belt" and reduce debts...11:02
<cwellsi> in theory yes, but the average consumer has been brainwashed to spend, spend, spend...how much of a monthly payment can i afford
<NihabaAshi> Tough like trying to lose weight :)
<pat255> y exactly ..
<startrader> Delayed gratification is the ultimate discipline.11:03
<pat255> hmmm Joe wants instant gratification ..lol

hmm I want the ipod right now ..
<cwellsi> fiscal responsilility isn't taught in schools...unfortunately :(11:04
<pat255> yup ...
<cwellsi> and our governmental leaders surely do not practice it11:05
<NihabaAshi> I was born in France, raiseed in the U.S. and been living in Canada for about 9 years.

I remember a few yeares ago of bringing some relatives from Canada and France to the U.S. for a family reunion...11:06
<codehead> trying something: place order long 703.3 ER <paper>
<NihabaAshi> They were AMAZED at all the SUV's on the road.
<cwellsi> but yes NihabaAshi, financial freedom is living debt free
<codehead> if filled, target 705.2
<NihabaAshi> They thought EVERYBODY must be very wealthy :)
I was only gone from the U.S. for a few years and seeing all those SUV's caught me off guard.11:07
* cwellsi shorts ER 704.311:08
<codehead> pulling my long paper order11:12
still have that target, but now it'd enter lower
<TraderO>  Shorts ER2 @ 703.8
<NihabaAshi>  Long ER2 @ 703.50 -> small size 11:15
<TraderO>  Covered 1/2 ER2 Short @ 703.3 --> + 0.5 11:16
<NihabaAshi> I may have "stole" a great entry.
<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)11:18
<codehead> hm, shoulda kept my paper entry in at 703.3--thought it was taking too long to get filled
<NihabaAshi>  Exited ER2 Long @ 704.20 --> + 0.7 11:19
<codehead> hm, would be out at 705.2 target now too :-/11:20
target was 1.00 fib extension off the bottom, and .786 retrace on day's swing11:22
got 1 tick past it so would have been a fill for +1.9
* cwellsi covers ER 704 +.311:23
<szubaark>  Exited all Long ES at 1362.75 --> + 1.25 «« paper »» 11:24
Shorts ES @ 1362 «« paper »»
* sep34 is now known as sep34_away11:27
<TraderO>  Covered Remainder ER2 Short @ 705.8 --> - 2
<pat255> HH Hl
* cwellsi shorts ER 705.411:28
<pat255> c u all later ty11:34
<KiwiRoo> rising wedge on ES. (about to be broken)...11:35
* cwellsi shorts ES 136311:37
<TraderO> Be careful the fed could announce today.
<KiwiRoo> today?? ho ho ho..11:38

why today. ....
<Pepe> today?
<KiwiRoo> its tomorrow
<Pepe> :O
<TraderO> It gives them more of a bounce if it's unexpected. They've done it before
<KiwiRoo> not a crisis.. they wn't do it.11:39
<cwellsi> lol...no way today

they may not even cut tomorrow11:40
<TraderO> You can also expect if it's only a .25 this thing will tank
<startrader>  Exited ES Long @ 1364 --> + 6.75 11:41

Reverse and Enter Short ES @ 1364
<cwellsi> nice trade star11:42
<KiwiRoo> yeah. nice trade mate..11:44
<startrader> Trust me I was way underwater and adding down to 53, took most off at be. Was looking for upward range expansion today.11:45
Trust me it wasn't that great, just lucky on that entry before news.
<cwellsi> an honest trader :}
<KiwiRoo> your short is looking great now... wedge broken down and looking to tank further... probably back to 55.50 - 57?11:46
<szubaark> Lucky is always better then a loser
<KiwiRoo> support at 60.00...
choppy choppy....11:49
<startrader>  Covered all ES Short @ 1362 --> + 2 11:50

Not counting on my luck to continue.11:51

Long ES @ 1362.25 12:05
<TraderO>  Shorts ER2 @ 704.4 12:06
* cwellsi covers ES 1360.75 +2.2512:10

covers ER 702.3 +3.112:15
<robert>  Long ES @ 59.50 12:18
Exited all ES Long @ 59 -.5 --> + 59 -.5 - 59.50 12:26
<TraderO>  Covered 1/2 ER2 Short @ 701.3 --> + 3.1 12:27

Covered Remainder ER2 Short @ 700.3 --> + 4.1
<szubaark>  Covered all Short ES at 1355.75 --> + 6.25 «« paper »» 12:28
<robert>  Long ES @ 56.25
* cwellsi buys ER 700.1
<robert>  Exited Remainder ES Long @ 58.25 --> + 2 12:34

Shorts ES @ 57.75 12:35

Covered Remainder ES Short @ 57 --> + 0.75 12:40
* cwellsi sells ER 701.4 +1.312:45
<robert>  Shorts ES @ 59.50 12:48

Covered Remainder ES Short @ 58.75 --> + 0.75 12:57

Shorts ES @ 58
<werner>  Long YM @ 422 13:00
<robert>  Covered Remainder ES Short @ 58.50 --> - 0.5 13:02

Shorts ES @ 57.50 13:03
<werner>  Exited all YM Long @ 414 --> - 8 13:04
<robert>  Covered all ES Short @ 56 --> + 1.5 13:06
<werner>  Long YM @ 421 13:12
<robert>  Long ES @ 56.50 13:16
<werner>  Exited all YM Long @ 425 --> + 4 13:20
<robert>  Exited all ES Long @ 56.75 --> + 0.25 13:21
<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)13:24
<werner>  Long YM @ 422 13:25
<robert>  Long ES @ 57
<Pepe> nice LONG Guys13:26
<werner>  Exited all YM Long @ 436 --> + 14
<robert>  Exited all ES Long @ 59 --> + 2
<werner> thnx pp13:27
<robert> thnx
<NihabaAshi> volatility breakout
<futurible> NIHA,ER2 2 minutes chart?13:30
<szubaark> nice werner,robert
<werner> thnx szu
* cwellsi shorts ER 704.613:40
<werner>  Long YM @ 442 13:48

Exited all YM Long @ 438 --> - 4 13:51
<NihabaAshi>  Long ER2 @ 702.80 -> small size 14:09
intuition trade...tough trade
Gold and Oil trying to help now.14:10
* cwellsi covers ER 702.3 +2.314:11
<ItalianSharp> pinball machine now14:12
<NihabaAshi> oh oh...pin ball machine

yep
<werner> nice cl
<NihabaAshi> Time to get a limit order in
<ItalianSharp> volume breaking to the downside now14:13
<NihabaAshi>  Exited ER2 Long @ 703.60 --> + 0.8
<ItalianSharp> wow, hardcore pinball machine now14:14
it's crazy how quickly it goes up and down
one second you think it's going to bounce, the next second it looks completely different
<werner>  Long YM @ 417 14:15
<ItalianSharp> i have the impression a weak support is being built now14:16
<werner>  Exited all YM Long @ 423 --> + 6

:(14:18
<ItalianSharp> well...we are going to the other side of the wedge now14:19
tough trading conditions...and i am not sure its going to get better until we breakout either side14:20
<KiwiRoo> super chop day14:21
<Pepe> :)
<ItalianSharp> yep...we had some movement until 10.30am...then the range has been narrowing down14:22

it's ok...widely expected ahead of FOMC

i expect some breakout after 3pm going into the close

that's when the big boys usually show their cards ahead of FOMC

if that doesnt happen and we stay in chop till the end of the day...14:23

i'll be closely monitoring globex price action overnight
<KiwiRoo> I'll say.. closing price is at the opening price.14:24
at eod... always the case..
<NihabaAshi> some resistance up here for ER214:29
* cwellsi shorts ER 705.314:30
<NihabaAshi>  Shorts ER2 @ 705.10 -> small size

I got some support from Gold but not from Oil.14:32

DAX undecided :(

I now have Gold, Oil and DAX helping.14:33

Too much of a fight in ER214:34

Covered ER2 Short @ 704.00 --> + 1.1 14:36

France rogue trader saids his boss must have known about his trading activities considering when he made profits...the amount of the profits did not equal the size he "should have" been trading :)14:42

Simply, he couldn't be trading a small account and generating those types of large profits when he was profitable.14:43

Therefore, he assummed they knew he must have been taking BIG RISKS prior to the trading going bad.
<ItalianSharp> yep...the rogue trader is a nicely deviced cover-up by SG14:44
<NihabaAshi> Yep.
* cwellsi covers ER 703 +2.3
<NihabaAshi>  Shorts ER2 @ 703.60 -> small size 14:45

:(14:46

I'm fighting ER2 itself, Gold, Oil and the DAX on this Short :(14:47

I feel like an "underdog" against Mike Tyson
<werner> lol14:48
<szubaark> More like Klitschko
<NihabaAshi> :)
Even if Gold and Oil drops now...
ER2 can still do one of those infamous exhuastion pop to the upside to take me out of the trade prior to it retracing back down.14:49
<ItalianSharp> i am starting to feel sick watching this price action...not worth my time nor any documentation...gonna take a break14:50
* ItalianSharp is now known as ItalianSharp_away
<NihabaAshi>  Covered ER2 Short @ 704.90 --> - 1.3 14:51

Long ER2 @ 705.40 -> small size 15:04
<startrader>  Shorts ES @ 1363.50 15:05
<NihabaAshi>  Exited ER2 Long @ 707.00 --> + 1.6 15:08
<startrader>  Shorts ES @ 1365 -> Add
<NihabaAshi> Got more than my profit target15:09
  
WRB Analysis
  
* cwellsi shorts ER 707.215:10
shorts ES 1365.515:11
<startrader> targets of 54 and 51.15:12
<NihabaAshi> resistance area for ER215:24
Will be a good fight in this price area15:25
<cwellsi> DOW 12500 area is aug 16 low15:26

517.94 to be exact15:27
<X>  #FuturesTrades Info -> Chat room for traders and intermarket analysis of Emini Futures (EMD, ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQQ, SPY)15:30
<NihabaAshi>  Long ER2 @ 706.40 -> small size 15:32

My last trade of the day

Exited ER2 Long @ 707.30 --> + 0.9 15:37

Caught a WRB pt1

Chat Room Logs Reminder -> #FuturesTrades chat room trade posting archived logs are posted @ http://www.thestrategylab.com/RecentTrad es.htm (today's log will be updated tonight by 9pm est)15:38

I'll get those logs updated tonight and they are currently updated until last Thursday.15:39
<werner> gn niha,all
<codehead> YM pulled back to the .32815:47

getting support there
* cwellsi covers ES 1362 +3.515:50
<NihabaAshi>  #FuturesTrades Purpose -> No gurus, no head traders...you're here to document your own trades and thoughts as you traverse from one trade to the next trade because it provides critical information you cannot get from your broker statements (real money or simulator)...use this room as your trade journal.
* cwellsi covers ER 705.2 +215:58
<cwellsi> bouncing from bottom tl all afternoon15:59
<Brutus> 16:14
============ U.S. MARKETS ACTION ===========
DJIA up 90.07 points to 12471.22
NASDAQ up 3.35 points to 2553.26
S&P 500 up 6.86 points to 1361.77
10-year T-note down 88/32 at 104 27/32 yield 3.656
NYMEX Spot Crude up $0.65 at $916.40/bbl at close
Dollar/Euro down 0.0015 at 1.4773
http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={7aa8a 583-c5b1-4d83-88cf-5a43b015327f}
gn all16:21
<NihabaAshi> Take care all and see all tomorrow16:39
  
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