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#FuturesTrades February 7th Thursday 2008 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+23.50	+135.40	+552.90
$2,350	$13,540	$55,290

Profitable Trade

1001am - 1007am est

Losing Trade

"no losing trades (rare)"

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 Feb 07 08:19:12 2008Session Ident: #futurestrades

* Now talking in #futurestrades 08:19

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

<futurible> GM ALL 08:27

<pat255> gm all.. 08:29

<NihabaAshi> Long ER2 @ 688.40 -> small size 08:38

<pat255> wow N trade pre mkt ...

<NihabaAshi> 2 only

<KN-ES> Long ES @ 17.75

<NihabaAshi> Yep...like the old days when I was single.

<pat255> lol

<NihabaAshi> Morning duties with the kids keeps from trading the pre-market 0830am est price action 08:39

Just not enough volatility :( 08:44

Lessson learned. 08:45

<pat255> still L guys?> 08:52

<KN-ES> add 15.25 08:54

out 1/2 16.25 +1.00 08:55

<Nesi> hi all 08:59

<NihabaAshi> pat...I'm still Long 09:01

<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> out 1/4 15.25 17.75 + 2.50 09:04

out 3/4 17.75 19.00 + 2.25 09:06

thats 1.25 09:07

<NihabaAshi> I was about to ask in here what's up with the Hang Seng...

Until I realized its the Asia New Year (markets closed).

<KN-ES> out 17.75 17.75 + 0.00 09:08

s/l 15.50 09:09

<NihabaAshi> Exited all ER2 Long @ 689.10 --> + 0.7 09:11

<pat255> vn 09:12

<ItalianSharp> wow niha, you are very fast off the tracks this AM...already trading globex...:) 09:14

<KN-ES> out 1/6 15.25 20.50 + 5.25

out 3/5 15.25 19.50 + 4.25 09:17

* subq market profile charts for today (new url) - http://www.charthub.com/chart/search/mpc hart

<KN-ES> s/l 16.25

<Nesi> 1:00 PM ET : Dallas Federal Reserve Bank President Richard Fisher (FOMC voting member) to speak about central bank independence in Mexico City. Audience Q&A expected. 09:19

<Nesi> Pending Home Sales Index

[Bullet] 10:00 ET

<NihabaAshi> Be back in by the open 09:22

* DisconnectedSession Close: Thu Feb 07 09:22:15 2008

Session Start: Thu Feb 07 09:30:08 2008Session Ident: #futurestrades

* Now talking in #futurestrades 09:30

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

<ripsboy> gm all...

<NihabaAshi> Good morning all 09:31

<KN-ES> out 1/5 15.25 22.50 + 7.25

s/l 18

<Andy> gm all

<startrader> Demo44876 09:32

<NihabaAshi> resistance area up here for ER2 09:34

Should be a good fight if it tries to go higher

<drt> gm all 09:35

<szubaark> Shorts ES @ 1324.75 «« paper »»

<NihabaAshi> resistance broken 09:36

Long ER2 @ 694.10 -> small size

Exited 2/3 ER2 Long @ 696.70 --> + 2.6 09:37

Horrible entry but the volatility was strong enough to get me a good profit 09:38

<cwellsi> gapfill ER

<NihabaAshi> Exited Remainder ER2 Long @ 694.70 --> + 0.6 09:39

<KN-ES> out 15.25 26.50 + 11.25

<pat255> vvn kn 09:40

<KN-ES> thanks pat255

<lumenPharmer> s er 693.70 09:41

<KN-ES> it touched 28.50 but for some reason limit order wasnt cleared

:(

<Brutus> 28.75

<lumenPharmer> out +1 09:42

<KN-ES> thats strange, tradestation does that often, I guess

<NihabaAshi> Shorts ER2 @ 692.40 -> small size

<szubaark> back to back WRB's in both directions LOL

<KN-ES> and Ib is not working 09:43

<NihabaAshi> Covered 2/3 ER2 Short @ 691.20 --> + 1.2

<lumenPharmer> out all +2 691.70 09:44

<robert> Long ES @ 22.25

<KiwiRoo> gm all.

<NihabaAshi> Covered Remainder ER2 Short @ 692.10 --> + 0.3 09:45

<robert> Exited all ES Long @ 21.75 --> - 0.5 09:46

<NihabaAshi> Shorts ER2 @ 690.10 -> small size

<szubaark> exit stop moved to breakeven ES @ 1324.75 «« paper »» 09:47

<KN-ES> srt 21.50

* cwellsi covers ER 689.2 +6.6

<robert> Long ES @ 21.25 09:48

<NihabaAshi> ER2 will soon start being less forgiving for "poor entries" because the volatility is slowly declining :(

Covered 2/3 ER2 Short @ 688.70 --> + 1.4

<KN-ES> 7/8 out 20.25 + 1.25

<cwellsi> ER went from 9:30 open to gap fill and back...she's sweet 09:49

<szubaark> Covered all Short ES at 1320.75 --> + 4 «« paper »»

<KN-ES> s/l 24.50

<pat255> vn cw ..

pending home sales are coming 09:50

<cwellsi> thanks

<NihabaAshi> Covered Remainder ER2 Short @ 689.90 --> + 0.2

<cwellsi> buys ER 689.2

<NihabaAshi> volatility contracting some more 09:52

<pat255> 4 mins to news 09:53

<szubaark> Buys ES @ 1318.25 «« paper »»

* cwellsi sells ER 689.2 flat 09:54

<lumenPharmer> buy er 90.50 09:56

<szubaark> exit stop moved to breakeven ES @ 1318.25 «« paper »» 09:58

<Brutus> 000/1500 Dec Pending Home Sales Index -2.6% 09:59

1030/1530 Feb 2 US Energy Dept Natural Gas Inventory

Natural Gas Stocks (in billion -274

cubic feet)

1300/1800 Dallas Fed Pres Fisher speaks on central bank independence

and economic stability at a conference in Mexico City

1500/2000 Dec Consumer Credit, in dollars

Consumer Credit Outstanding +7.5B 15.5B

1630/2130 Money Supply

<lumenPharmer> out +.50 10:00

lol all out +1, punks ;)

<Nesi> US Pending Home Sales Index -1.5% In Dec - NAR 10:01

(Dow Jones 02/07 10:00:03)

<NihabaAshi> Long ER2 @ 693.00 -> small size

ER2 may not forgive me this time for the poor entry 10:02

<lumenPharmer> geezz left some, oh well

<szubaark> Exited all Long ES at 1323.50 --> + 5.25 «« paper »»

<KiwiRoo> Nice mate.....

* cwellsi shorts ER 694.6 10:03

<szubaark> thanks.. news helped out with the volatility

<KN-ES> lng 24.25

<cwellsi> DJ US Dec Pending Home Sales -24.2% From Dec 2006 - NAR

<NihabaAshi> Exited 2/3 ER2 Long @ 695.10 --> + 2.1 10:04

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)

<robert> Exited all ES Long @ 25 --> + 3.75

<Pepe> nice

<lumenPharmer> nice

<KN-ES> out 7/8 27.25 +3.00

<NihabaAshi> I've reached my profit goal for the trading day...

<KN-ES> s/l 24.50

* cwellsi shorts ER 696.6 add 10:05

<szubaark> Nice Niha.

<pat255> vn N ..& guys ...dang er so fast ..

<NihabaAshi> Via the worst trading (poor entries on every trade) I've done in months.

That's volatility :)

<pat255> yup

<NihabaAshi> I had 3 trades today in which ER2 had already moved a full 1 point way from my pattern signal price. 10:06

<robert> Shorts ES @ 31.50

<KN-ES> out 1/2 24.25 31.50 +7.25

<NihabaAshi> Exited Remainder ER2 Long @ 699.40 --> + 6.4 10:07

crazy

<Pepe> very nice NIha

* cwellsi shorts ER 699.6 add 10:08

<robert> Shorts ES @ 32.50 10:09

Covered Remainder ES Short @ 33 --> - 0.5

oops 30

<NihabaAshi> ER2 has some support here... 10:14

never mind...it found it :)

<Nesi> some pinball going on

<KN-ES> out last 24.25 3.50 + 12.25 10:16

out last 24.25 33.50 + 12.25

out last 24.25 36.50 + 12.25

<cwellsi> CSCO's JC talking it up 10:17

<szubaark> Shorts ES @ 1336.75 «« paper »» 10:18

<KN-ES> srt 36.75

2 con

<robert> Shorts ES @ 36.75

<KN-ES> out 1 35.75 +1.00 10:19

<robert> Covered all ES Short @ 35.25 --> + 1.5

<KN-ES> s/l 38.75

<cwellsi> market wants up 10:20

<KN-ES> yes

42.50

srt 37.75

1 con

* cwellsi shorts ER 703.6 add 10:21

<Nesi> *DJ Tsy Paulson:Extending Unemployment Would Send 'Wrong Signal'

(Dow Jones 02/07 10:20:52)

<szubaark> Volatility contracting

<NihabaAshi> Next up to bat is the 1030am est Natural GAS status report 10:22

<cwellsi> we might have seen today's top 10:23

<pat255> looks like 10:24

<szubaark> Covered all Short ES at 1332.75 --> + 4 «« paper »»

<KN-ES> out 33.50 +4.25 10:25

srt 32.5 10:27

2 con

out 1 31.50 +1.00 10:30

<szubaark> eminitrader still having problems with mirc connections :( 10:32

<Nesi> *DJ Tsy Paulson: Housing Remains Biggest Risk For Economy

(Dow Jones 02/07 10:32:34)

<KN-ES> add 33 10:33

out 7/8 32 +1.00 10:34

s/l 34.25

<KiwiRoo> Nice day for trading today..

not too much chop......trendy...

<KN-ES> out 32.50 1/2 33 29.25 .... + 2.75 + 3.25 10:37

<KiwiRoo> nice trade as always :) 10:38

<KN-ES> thanks 10:39

:)

t/p 24 +-

<szubaark> Buys ES @ 1327.25 «« paper »» 10:40

* cwellsi covers ER 693.4 --> +10.2, +6.2, +3.2, +1.2 10:41

<KiwiRoo> yesterday low @ 24.75..

<szubaark> nice cw

<pat255> wow ...cw ..just great 10:42

* cwellsi buys ER 693.4

<Brutus> good trading guys, well done

<cwellsi> thanks 10:44

<KiwiRoo> 25.75 was 61.8% FIB Low/high btw.

<szubaark> Exited all Long ES at 1327 --> - 0.25 «« paper »» 10:45

<KiwiRoo> give up already FIB buyers..

<szubaark> Shorts ES @ 1325.50 «« paper »»

<KiwiRoo> should see bounce off yesterday lows... 10:46

now we got H&S ... it up trend continues ..... 10:48

Mini up push that is...

* cwellsi sells ER 693.5 +.1

<KiwiRoo> watch the 3000 contracts offers at the DOM disapear soon..heheehe... 10:50

goneskii..... 10:51

<cwellsi> quote of the day --> THERE IS MARKET HYSTERIA ON EXPECTED SUBPRIME LOSSES BUT NUMBER OF LOSSES "A CRAPSHOOT"-MOODY'S KIMBALL 10:52

<KiwiRoo> hehe.... 10:53

* cwellsi buys ER 693.9 11:01

<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) 11:04

* cwellsi sells ER 693.9 flat too much chop

<cwellsi> wait for triangle break 11:05

* cwellsi shorts ER 693.1 tri break 11:09

<KN-ES> out last 33 24.25 ......... + 9.25 11:10

<szubaark> nice kn

<KN-ES> thanks szubaark

should go as low as 20 11:11

* cwellsi covers ER 691 +2.1 11:13

<Andy> Long ER2 @ 691.1 «« paper »»

<KN-ES> nice entry 11:15

<Andy> thanks KN 11:16

<KN-ES> u welcome 11:17

<Andy> Exited 3/4 ER2 Long @ 692.0 --> + 0.9 «« paper »»

exit stop moved to breakeven ER2 @ 691.1 «« paper »» 11:18

Exited Remainder ER2 Long @ 691.1 --> 0 «« paper »» 11:19

<KN-ES> cool

* cwellsi shorts ER 691.3 11:20

<szubaark> wont go down without a fight 11:23

<KN-ES> lng 25.75 1 con

* cwellsi covers ER 691 +.3 11:24

<KN-ES> s/l 23 11:25

add 24 11:29

1 con

<codehead> long ER 691.4 <paper> 11:30

<KN-ES> out 1 24 26.25 +2.25

s/l 23.50 11:31

should be a b/e trade if everthing goes wrong

<codehead> stop under 690.0 ER <paper> 11:35

<KN-ES> s/l hit 11:37

<szubaark> woudnt go down without a fight

<KN-ES> :)

and taking my stop

long 23.50 11:38

7/8 out 24.50 +1.00 11:40

now we are kind of even

1/2 26.00 .......... + 3.00 11:41

2.50

<codehead> potential Tony trade on cci 5 min szu, if you know what that is 11:42

<szubaark> Covered all Short ES at 1326.50 --> - 1 «« paper »»

<KN-ES> s/l 23.00

<codehead> cci couldn't get under -100 so far--flatlined there for 5 bars

<szubaark> bad entry on this trade, losing my focus, time for break

* szubaark is now known as szubaark_away

<codehead> exit half +2.0 ER <paper> 11:44

tony trade at trigger, could go a bunch more but that gets me safe

<KN-ES> out last 27.75 ...... + 4.25

* Retrieving #futurestrades modes...

* cwellsi shorts ER 693.4

<KN-ES> long 27 11:45

1 con

* cwellsi covers ER 692.4 +1 11:46

<codehead> ER .382 retrace (from 704.1 high to 690.1 low) is 695.4 11:49

so that's a target 11:50

<cwellsi> 695.2 is trendline from triangle break

<KN-ES> its a deadlock 11:51

and i m tired

12 hrs already 11:52

<cwellsi> chop will turn you into chop suey :))

<KN-ES> nop should be 9

:)

anthing . atleast someting

<KiwiRoo> A push up is coming 11:53

<KN-ES> looking for 30 +-

<KiwiRoo> I can feel it..

up/down.. hehe.

<KN-ES> i m with you atleast half way......up

<KiwiRoo> thats what I'm thinking too.. 11:54

building up momentum....

getting rid of sellers slowly...

<cwellsi> or losing steam

<KiwiRoo> once they're done.. watch 32, 34. 11:55

2400 offers on DOM at 29..

PuSHHHHH....

PUSH.............

<KN-ES> need to reach 28.75 for a spike 11:56

<cwellsi> 28.75 top of up channel

<KiwiRoo> GOOGGGOGOOG...

WATCH the big jump up..... i can feel it. rofl. 11:57

<KN-ES> :)

* cwellsi shorts ES 29

<Andy> Shorts ER2 @ 694.4 «« paper »» 11:58

<KN-ES> failed for the moment

* cwellsi covers ES 28 +1

<KN-ES> depth is almost the .......so anything

<KiwiRoo> yeah.... Papers selling at the highs.

<KN-ES> depth is almost the same.......so anything

<cwellsi> hit and run or get hit 11:59

<KN-ES> its making ave 2 tick in each move

<KiwiRoo> that was a good try away. 12:00

<Andy> Covered all ER2 Short @ 695 --> - 0.6 «« paper »»

<KN-ES> so now new high should be 30

<codehead> ER 2 ticks from previous peak, 4 from the .382 fib retrace

wants to test 12:01

<cwellsi> 30 is yest's close

<KiwiRoo> ok.... no power to the upside.

<KN-ES> yes

res 36.50 big one

<cwellsi> yes for a few days now

<KN-ES> if it breaks 30 + then 33 and bounce at 36 12:02

most likely

<Pepe> 1:00pm Dallas Fed President Fisher Speaks 12:03

<KiwiRoo> come on man.. make up ur mind..mr. market

<Pepe> :)

<KiwiRoo> selling.

<KN-ES> thats not a good news for longs

<KiwiRoo> watch 22, 21 if tank.

<KN-ES> humm 12:04

need a loss . and a break

<KiwiRoo> need a loss? 12:05

<codehead> raise stop to +2.0 ER <paper>

exit ER +2.80 <paper> 12:06

tired of watching

should get to 695.4 12:07

at least

may retrace first

i'd buy 692.10 back if it retraces that far 12:08

<KiwiRoo> they need to find stops ..

on the short side.... so tank ..

talk about emotionless trading.. stuff that.

<codehead> so far, ER consolidating under that resistance not too badly 12:11

<KiwiRoo> come ON........

PUSH.....

some one here got power of 1000lots ?? sell this thing for me would ya... 12:12

<KN-ES> :0

count 16 in

<KiwiRoo> hehe.. I wanna see 26 traded.

<codehead> strange cci on ER--now it's flatlining at +100, after it had flatlined at -100 12:13

<KiwiRoo> AD/DC rising..@#$@#$

<KN-ES> the most 24 thats it

<KiwiRoo> man... this is a pain in the behinds.. 12:14

<codehead> BTW, today's ER2 low was ***exactly*** 0.500 retrace of the year's low to bounce high

685.70 12:15

<KiwiRoo> nice pick out. 12:16

<codehead> and... the 704.1 hod was ***exactly*** .382 fib retrace of friday's high to today's low

<cwellsi> ES been trading in an up channel since a little after 11am

<KiwiRoo> damn!!! i'm out of my short 28.75 (didn't take any profit @#$#$).... 12:17

I guess too much bias on the short sides just then.... hmm. 12:18

<cwellsi> trade the channel :)

<codehead> yeah, the down channels have been real good lately 12:19

<KiwiRoo> Yeah was looking for the break anyway...

<codehead> .382 hit

<KiwiRoo> above 30 and I'll go long..

<cwellsi> or wait for breakout/down

<codehead> .382 hit exactly--if it can break that, next is 697.1 12:20

<KiwiRoo> I was anticipating a puke down by the locals... they were Long from 29 and had to sell.

* cwellsi shorts ES 29.5 12:21

<KN-ES> dead again 12:22

* cwellsi covers ES 28.5 +1 12:23

<cwellsi> 27 bottom channel...top 30 12:25

<KiwiRoo> ho ho ho..... finally... 12:28

* cwellsi shorts ER 695.8 on auto pilot bbl 12:29

<codehead> 697.10 (.500 retrace) hit 12:32

that's also a .382 of another range

698.8 next level

<KiwiRoo> all locals buying at the highs... 12:34

<KN-ES> out 34.25 ............... + 7.25 12:35

<KiwiRoo> NIcely held. 12:36

<KN-ES> :)

nice pause at 34.25 12:37

giving a clr idea for a pull back

<KiwiRoo> they might just keep trying for new highs here. 12:38

<KN-ES> should touch 36.50

<codehead> ER got within 3 ticks of the .618

<KN-ES> srt 34 12:40

1 con

<KiwiRoo> the bouce is such a pain... 12:42

where is ur target KN?

i got 30.50.

<KN-ES> 30.75

close

<KiwiRoo> great...

same entry as u.. but i was in from last down wave.. nearly got me out at 0 again.. 12:43

<KN-ES> I try to get in the 2nd wave if it is a spining top

its a very short trade, may go either way

<KiwiRoo> spining top? 12:44

doji+ ?

I'm out..

not holding this crap anymore.

<KN-ES> dark white dark

almost same body

<KiwiRoo> what time frame? 12:45

<KN-ES> out at 33 ....+ 1.00

any

<KiwiRoo> i got big green bar.... doji... doji doji on the 3mins.....

<KN-ES> say how about a min

<KiwiRoo> Bull Flag..

<KN-ES> srt 33.50 12:46

<KiwiRoo> nice entry. 12:47

<KN-ES> out 7/8 at 32.00 .......... +1.50

s/l for the last 2 at 35

tp1 30+- tp2 29+- 12:48

<KiwiRoo> flag going. 12:49

<KN-ES> s/l hit

srt 35

out 7/8 34 ................. +1.00 12:50

s/l 36

for the last 2 12:51

<KiwiRoo> anyway.. i'm from 34.. looking for 39.

L i meant. 12:52

<KN-ES> s.l hit

well, if market is like this scalping is the only choice

<KiwiRoo> I wish i can scalp like u do. 12:53

still L... target @ 38.75.

<KN-ES> :)

just watch the market, its just an idea , nothing by the book 12:54

srt 37

<codehead> .618 ER retrace hit

<KN-ES> 1 con

<KiwiRoo> give me one me point plz mr. market. 12:55

<KN-ES> out 36.50 ............. + 1.50 12:56

.5

just saved the trade

srt 36.50 12:57

<KiwiRoo> what a struggle.. 12:59

<Brutus> 02/07/2008 13:00 *DJ Fed Fisher: Global Growth Putting Upward Pressure On Prices 13:00

<Nesi> Fed Fisher: Dissented In Jan 30 Vote In Part Due To Inflation

(Dow Jones 02/07 13:00:21)

<KN-ES> out 7/8 35.50 ........... +1.00 13:04

limit 1 con 36.00

s/l 38

for the last

con

out 1 34.25 ......... +2.25 13:06

cancell limit order

s/l 36.25

tp 32 +-

<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) 13:07

<Andy> Shorts ER2 @ 698.4 «« paper »» 13:10

Covered 1/2 ER2 Short @ 697.5 --> + 0.9 «« paper »» 13:14

Covered 1/4 ER2 Short @ 696.7 --> + 1.7 «« paper »» 13:16

<KN-ES> out last 1 31.50 .............................. + 5.00 13:18

<Brutus> WTG KN

<KN-ES> 31 ----> 35 ------------>27

:)

thanks Brutus 13:19

<Andy> Covered Remainder ER2 Short @ 696.4 --> + 2 «« paper »»

<Pepe> nice 13:20

<Andy> thanks Pepe 13:21

<KN-ES> lng 35 1 con

lng 32 1 con

out 34.25 ..........................+ 2.25 13:22

<codehead> the retrace went 4 ticks under .382 retrace on ER 13:23

<KN-ES> srt 35 s

1 con

out 34.00 ................ + 1.00 13:25

srt 37 13:26

s.l 38

1 con

tp 36

srt 38.25 13:27

s/l 39.00

tp 37.25

lmt srt 13:28

nop

srt 39.00

tp 38

s.l 40

done. 13:29

<codehead> the YM retrace was within 1 tick of .500 retrace

then bounced to higher high

<KN-ES> out 36 +1 out 37.25 +1 out 38 +1

srt 38 13:30

7/8 out at 36.75 ........ +1.25 13:31

out 1 36 .............+ 2.00 13:33

s/l 38

tp 32

+-

s/ hit 13:34

srt 38.50

1 con

tp 37.50

out 1 37.50 .............+ 1.00 13:35

out all

srt 36.50 13:36

s/l 38.50

tp 31 +-

<Nesi> *DJ Senate Democrats To Add Only Checks For Seniors,Disabled Vets 13:37

(Dow Jones 02/07 13:31:29)

<KN-ES> last one b4 taking a break

s/l hti 13:41

<codehead> last YM retrace also a .500 within a tick

it's making a wedge, or trying to

<KN-ES> 42.50 should be the next hit 13:42

brb

<Nesi> *DJ Fed's Fisher: Believes Credit Situation 'Manageable' 13:44

(Dow Jones 02/07 13:44:35)

<codehead> YM thru yesterday's bounce high 13:57

<Nesi> Fed Fisher: Inflation Rates, Expectations 'Too High' 14:04

(Dow Jones 02/07 14:04:03)

<KN-ES> finally 14:09

* cwellsi shorts ER 707.1 14:10

<KN-ES> :) 14:12

40.25 tgt

36.50 nxt 14:14

nxt 40.25 14:21

* cwellsi covers ER 700.8 +6.3

buys ER 701.5 14:22

<KN-ES> 33.25 nxt 14:23

* cwellsi sells ER 702.6 +1.1

<cwellsi> ES touched bottom of channel 14:24

<KN-ES> yes 14:25

now need a spike b4 it goes any direction :) hopefully

* cwellsi shorts ER 704 14:26

covers ER 699.9 +4.1 14:33

<KN-ES> 35.75 nxt 14:35

27 tgt

<cwellsi> very nice 2pm reversal :)

<KN-ES> yes

taking all the stop loss

will reache 21 eod

i guess

* cwellsi shorts ER 701.1 14:37

covers ER 698.5 +2.6 14:39

<KN-ES> the is a resisance at 30..25 but not a big one

* cwellsi buys ER 699.7 14:41

<cwellsi> good battle here 14:42

* cwellsi sells ER 700.7 +1

<KN-ES> well, we have a big ris at 36.50 14:43

<cwellsi> ES back to 9:30 open 14:46

* cwellsi shorts ER 701.5 14:47

<cwellsi> sorry 1330 is yest's close not 9:30 open :)) 14:48

* cwellsi covers ER 700.5 +1 14:51

<cwellsi> no edge here, flip a lucky coin :0 14:53

<Nesi> http://www.nasa.gov/multimedia/nasatv/in dex.html 14:54

<KiwiRoo> wow.. nice market push just be4 2pm.... 14:55

where was i.... sleeping ofcourse.. LOL.

<szubaark_away> sleeping at the wheel lol 14:57

<NihabaAshi> Trade Posting Script -> The color posted trades you see in here is available for free to any registered member of #FuturesTrades. To become a member of #FuturesTrades...follow the instructions at http://www.thestrategylab.com/FuturesTra desChatRoom and registration is free. Also, as a member you will be able to post messages, upload charts at our discussion forum @ http://www.thestrategylab.com/forum/inde x.php

<Nesi> NEW YORK (Dow Jones)--Service sector data for January reported earlier in

the week were correct, said the Institute for Supply Management Thursday,

following market chatter about a possible data revision.

"There is no error," said ISM spokesperson Andrea Waas. "The original report

released on Tuesday is correct."

<cwellsi> was the rumor responsible for todays rally? and then reality hit at 2pm lol 14:58

<KiwiRoo> short short short. 14:59

<KN-ES> :)

<cwellsi> the report was dismal

fakeout breakouts

<KiwiRoo> still good.. i got in at 34.50

<KN-ES> this time looks like its a go 15:00

<KiwiRoo> what a good time to wake up afterall.. rofl.

<KN-ES> you are a little bit late KIwiRoo 15:01

<cwellsi> 1330 again

<KN-ES> yes

<KiwiRoo> still some juice.. hehe

<KN-ES> will see 27

<KiwiRoo> Yumm!!!!

<KN-ES> hopefully

cool 15:02

<KiwiRoo> acidently exited at 30.... shit...

@#$#@$

<cwellsi> reshort on the pop

lol

<NihabaAshi> 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)

<KiwiRoo> 2 levles here.. 30, 28. 15:03

<KN-ES> now 20 min b/w 27 and 30

<KiwiRoo> free fall to 24.

<KN-ES> :)

i guess 221

* cwellsi buys ER 697.4

<KiwiRoo> under 28 ofcourse....

<KN-ES> i guess 21

<KiwiRoo> yes.. 28 then 21. 15:04

<KN-ES> should be the eod

now it will hunt some stop loss

* cwellsi sells ER 698.5 +1.1 15:05

<KN-ES> and some traders wont wait to take their profit and ofcourse those trader who entered late

<KiwiRoo> jeee.. chop cho chop chop. now.

going again 15:06

oh boy..

<Andy> Long ER2 @ 697.5 «« paper »»

* cwellsi shorts ER 698.1 15:07

covers ER 697 +1.1

<KiwiRoo> I'm sitting now..... whippy... 15:08

<KN-ES> we should see some 30 again hopefully 15:09

<KiwiRoo> paper selling....

<Andy> Exited all ER2 Long @ 696.5 --> - 1 «« paper »»

<cwellsi> really not good for longs

* cwellsi shorts ER 695.2 15:10

<KiwiRoo> morgan joined the selling force.

morgan selling more...

we might just get to 21 after this..

* cwellsi covers 695.2 flat late entry ): 15:11

<Andy> Long ER2 @ 695.5 «« paper »»

* cwellsi buys ER 695.5 15:12

<KN-ES> looks like we have time for even 1317, today

<KiwiRoo> going with the flow now....

* cwellsi sells ER 697.6 +2.1 15:13

<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)

<Andy> Exited 1/2 ER2 Long @ 697.3 --> + 1.8 «« paper »»

* cwellsi shorts ER 697.7 15:14

<KN-ES> stop hunt 15:16

<KiwiRoo> I'm looking for next short entry...

let me know where the head start ..KN :P

* cwellsi covers 698.7 -1

<KiwiRoo> Looking at around 33.50..?

<KN-ES> it crosses 35.75 , its good entry with 2 pt risk 15:17

i guess

* cwellsi shorts ER 699.3

<KiwiRoo> 35..hmmm..

not sure if they can push pass 34 or not.

<KN-ES> 33.75 is also a good entry i think, but you will have to cover a stop loss upto 37 15:18

<Andy> Exited 1/3 ER2 Long @ 699.5 --> + 4 «« paper »»

<cwellsi> lol...WWF slamfest on ER 15:19

<KN-ES> a perfect entry shuld have been 45.25

:)

<KiwiRoo> lol..... yeah....would make my day that..

<KN-ES> humm

<KiwiRoo> slamfest on all markets I guess.

* cwellsi covers 699.3 flat 15:20

<KiwiRoo> I'll give it a shot right here... short 33.25 one point stop.

<KN-ES> good luck KiwiRoo 15:21

<cwellsi> probably a good entry

<KiwiRoo> not that bad i guess.

what the heck was that..!#!$#$

<KN-ES> for sure

<KiwiRoo> it got me I had tight stop on :( 15:22

I'll look for another one..

<KN-ES> well, in this market you should have a loose s/l 15:23

i guess

* cwellsi shorts ER 700.3

<cwellsi> agree

<KiwiRoo> I don't trust them... anyway.. in again 30.50. 15:24

<KN-ES> good luck

* cwellsi covers 698.7 +1.6

<KiwiRoo> don't like it... outty...BE. 15:25

oh...

<KN-ES> that 33.75 15:26

<cwellsi> some battle here

<KiwiRoo> type late :P

<KN-ES> :)

<cwellsi> i'm gonna have whiplash

<KiwiRoo> gonna look for upside then?

<KN-ES> thats 36.50 again 15:27

* cwellsi shorts ES 1336.5 15:28

<KN-ES> nice entry

<Andy> Exited Remainder ER2 Long @ 703 --> + 7.5 «« paper »»

WRB Analysis

Learn More

<KiwiRoo> that 37 level of yours held... 15:29

nice Andy

verynice.

<KN-ES> nice work

<Andy> thanks Kiwi, KN

<cwellsi> indeed

<KN-ES> u welcome

<futurible> VVn Andy

<KN-ES> yes 37.75

<Andy> ty cwells, futurible

* cwellsi covers ES 1333.5 +3.5 15:30

<cwellsi> +3

<KN-ES> nice

<cwellsi> thanks 15:31

<KN-ES> u welcome

* cwellsi shorts ES 1336

<KiwiRoo> watch 39 . 15:32

* cwellsi covers ES 1336 flat 15:34

<KiwiRoo> oh boy... .....whippy as hell..

<KN-ES> move getting slow, may hunt till 42

<cwellsi> too much risk

<KN-ES> yes, first time was ok, since it reached back, more likely it would go for a new high 15:35

<KiwiRoo> I can't actually see what lvl is 37... Hmmm..

<KN-ES> 37 would have been a good entry

yes......................

<KiwiRoo> I'm trying to see why the market stops at 37... :P

<KN-ES> every time its trying to make a new high or low within few ticks 15:36

if that helps explaining

<Andy> no great sell off at this level 15:37

<KiwiRoo> gottcha.. thanks mate..

<KN-ES> u welcome

<Andy> okay, spoke too soon

* cwellsi shorts ER 701.1

<Andy> lol

<KN-ES> so heading for 30 again 15:38

<KiwiRoo> oh.... 3:37 already....

hmm...

* cwellsi covers ER 702.1 -1

<KN-ES> 38+ ........ 34+ 15:39

* cwellsi shorts ER 703.2

<KN-ES> easy 2 points in either way

* cwellsi covers ER 701.2 +2 15:40

<KiwiRoo> papers buying..

* NihabaAshi is now known as NihabaAshi_away

<KiwiRoo> wow.. chop... :(

<cwellsi> i'm exhausted

lol

<KiwiRoo> same here...

<KN-ES> u both are doing great

<KiwiRoo> closing imbalace are mixed.

<KN-ES> should wait for 15:41

30

<KiwiRoo> Looking for Long here..

but its too whippy.... 15:42

<KN-ES> short is more likely, i guess

<KiwiRoo> well.. its 3.45... setups doesn't really work now... so..go with the tape I guess 15:43

<KN-ES> there should be a free fall

<KiwiRoo> hope so.. i have support at 34,33. then 30 after. 15:44

* cwellsi shorts ES 33.5

<KN-ES> well, you have it

<KiwiRoo> nice call on the fall... 15:45

* cwellsi covers ES 30.5 +3

<KN-ES> cool

<KiwiRoo> nice pick..there cwell. 15:46

<KN-ES> 33.75 again

<cwellsi> thanks 15:47

hit and run

<KN-ES> what a day for scalping 15:49

* cwellsi shorts ES 33.5

covers ES 32.5 +1 15:50

<cwellsi> was expecting to see 697 but looking unlikely 15:55

<Andy> the last ten minutes could not possibly have been any fun for anyone in a trade 15:56

<KiwiRoo> wel.. i"m off now... c u all tomorrow. 15:57

<cwellsi> take care

<Andy> yes, same here, good evening to all

<KiwiRoo> crap..

now they're uying.. 15:58

<KN-ES> it will be interesting in globex session

<cwellsi> 1 green day after 3 brutal ones 16:00

<KN-ES> :) 16:04

best day in a long long time i guess 16:05

<Brutus> ============ U.S. MARKETS ACTION =========== 16:14

DJIA up 6.83 points to 12205.30

NASDAQ up 6.67 points to 2284.05

S&P 500 up 5.39 points to 1332.00

10-year T-note down 1 76/32 at 97 29/32 yield 3.752

NYMEX Spot Crude up $0.92 at $88.06/bbl at close

Dollar/Euro down 0.0150 at 1.4470

http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={29ee9 cff-0463-40e2-94f5-8cdf0be33fe2}

gn all 16:24

<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: Thu Feb 07 20:28:36 2008 20:28

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