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February Trade Log

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#FuturesTrades February 8th Friday 2008 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+0.00	+135.40	+552.90
$0	$13,540	$55,290

No Trades due to a 3 day weekend vacation

No Trades

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 Feb 08 08:51:29 2008Session Ident: #futurestrades

* Now talking in #futurestrades 08:51

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

* NihabaAshi is now known as NihabaAshi_away 08:54

<PapaJon> gm all 09:22

<Brutus> GM everyone 09:24

<ripsboy> gm folks... 09:27

<pat255> gm all

<drt> gm everyone 09:28

<Andy> gm all 09:30

<futurible> gm Andy and all 09:31

<Nesi> fast action 09:37

<pat255> fed speakers..10am 09:38

<szubaark> Shorts ES @ 1333.75 «« paper »» 09:40

exit stop moved to breakeven ES @ 1333.75 «« paper »» 09:41

Covered all Short ES at 1333.75 --> 0 «« paper »» 09:48

<cwellsi> gap fill ER 09:49

<pat255> trying to..

<cwellsi> love the gap fill & reverse trade 09:51

<Brutus> 1000/1500 Dec Wholesale Trade 09:56

Inventories +0.3% +0.6%

1230/1730 Atlanta Fed Pres Lockhart speaks at the Southern Center for

Intl Studies in Atlanta

<Andy> Shorts ER2 @ 706.4 «« paper »» 09:57

<pat255> wholesale inventory in 4 mins at 10:00

* subq market profile charts - http://www.charthub.com/chart/search/mpc hart

<Andy> Covered all ER2 Short @ 707.4 --> - 1 «« paper »» 09:58

<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)

<Pepe> Shorts ER2 @ 707.4 10:02

<cwellsi> U.S. Dec. wholesale sales fall 0.7%, most in 11 months

<Nesi> Long ER2 @ 707.90 «« paper »» 10:04

<Pepe> Covered all ER2 Short @ 707.8 --> - 0.4

<Nesi> Exited all ER2 Long @ 709.10 --> + 0.2 «« paper »» 10:05

<Andy> Shorts ER2 @ 709.2 10:06

<Nesi> Long ER2 @ 708.50 «« paper »» 10:07

<szubaark> Shorts ES @ 1339.25 «« paper »»

<Nesi> Exited ER2 Long @ 708.00 --> - 0.5 «« paper »» 10:08

Reverse and Enter Short ER2 @ 708.00 «« paper »»

<Andy> Covered all ER2 Short @ 706.7 --> + 2.5 10:10

<Nesi> Covered all ER2 Short @ 706.00 --> + 2 «« paper »» 10:12

<szubaark> exit stop moved to breakeven ES @ 1339.25 «« paper »» 10:16

<Nesi> vol spike

<KN-ES> Shorts ES @ 37.5. 10:17

Shorts ES @ 37.50

Covered 3/4 ES Short @ 36.50 --> + 1 10:18

<Nesi> Long ER2 @ 704.00 «« paper »» 10:22

<szubaark> Covered all Short ES at 1339.25 --> 0 «« paper »»

Shorts ES @ 1338.50 «« paper »» 10:23

<Nesi> Exited all ER2 Long @ 703.00 --> - 1 «« paper »»

Long ER2 @ 703.50 «« paper »» 10:24

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)

<KN-ES> out all

<szubaark> its friday, could get real choppy and slow soon 10:25

<Nesi> Exited all ER2 Long @ 703.50 --> 0 «« paper »»

<szubaark> Covered all Short ES at 1339.25 --> - 0.75 «« paper »» 10:28

Buys ES @ 1339.25 «« paper »»

Exited all Long ES at 1336.75 --> - 2.5 «« paper »» 10:30

Shorts ES @ 1336.75 «« paper »»

<cwellsi> slow drip but ER producing nice gains 10:33

<pat255> yup vn cw ...good call 10:35

<szubaark> ES feels weak 10:36

<pat255> was forming top on ES 1439-1440

<cwellsi> good spot for ER to reverse up

<pat255> little below 700nuwd be good 10:37

<cwellsi> yes very possible

701.7 is pivot

<Nesi> Long ER2 @ 702.20 «« paper »»

<szubaark> Covered all Short ES at 1335.25 --> + 1.5 «« paper »» 10:39

Buys ES @ 1335.25 «« paper »»

<cwellsi> ER reversed right on spot 10:45

<pat255> yup ...vn

<cwellsi> another reversal spot 10:54

<szubaark> Exited all Long ES at 1338 --> + 2.75 «« paper »» 10:58

Shorts ES @ 1338 «« paper »» 10:59

<Nesi> Long ER2 @ 709.00 «« paper »» 11:08

vol breakout 11:09

Long ER2 @ 709.20 -> Add «« paper »» 11:10

<cwellsi> right into dt resis 11:15

<pat255> yup .thot it may break ...but nooo 11:16

<szubaark> typical friday games

<cwellsi> just the ebb and flow of buyers and sellers 11:19

banks lods...could jump start market selling 11:24

<Nesi> today the Bday of the subprime 11:27

Exited ER2 Long @ 706.00 --> - 3 «« paper »» 11:29

Reverse and Enter Short ER2 @ 706.00 «« paper »»

<szubaark> exit stop moved to breakeven ES @ 1338 «« paper »» 11:50

1334 .61 % retrace of todays move.. 11:51

Fib buyers stepping in... 11:53

<KN-ES> Tst lng er 701.60 11:57

* codehead_afk is now known as codehead 11:58

<KN-ES> Tst lng es 32.50 11:59

<szubaark> Covered all Short ES at 1331.75 --> + 6.25 «« paper »» 12:00

<cwellsi> bank seling was good clue

<pat255> y cw ...gotta watch that ... 12:01

<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)

<pat255> vvn cw good observation ..but need lot of petience

* szubaark is now known as szubaark_away 12:02

<cwellsi> will be interesting to see if traders are willing to hold over weekend

<KN-ES> Tst tgt er 704 es 33.75

<cwellsi> ER multi up tl at 701.2 12:03

multi day

3rd test of line 12:04

<KN-ES> :) 12:05

lets see

just playing with an idea

Tst tgt hit es 33.75 + 33.75 12:06

Tst tgt 2 es 36

Tst tgt hit es 33.75 + 1.25

<cwellsi> 33.75 bottom of channel :)

<KN-ES> :)

<cwellsi> retest 12:07

<KN-ES> es is much much easier to read 12:09

<cwellsi> ER is all about that up tl test 12:11

<KN-ES> :) 12:12

cannt remember if ever traded er2

but have to start somewhere

<cwellsi> i remember when 25k vol was a big day :)

<KN-ES> :) 12:13

<cwellsi> i see support across multiple markets but buyers seem to be on strike 12:15

<KN-ES> looks like a low volume day 12:16

<KiwiRoo> sup guys... how's the day been? 12:20

Looked choppy...

I'm Long against this selling... ai yai yei... 12:22

<Nesi> Covered all ER2 Short @ 697.50 --> + 20.2 «« paper »»

<KiwiRoo> @28...

<KN-ES> great job

<Nesi> [11:29] <+Nesi> Reverse and Enter Short ER2 @ 706.00 «« paper »»

<Andy> wow 12:23

<Nesi> that is wrong

<KiwiRoo> NIceeeeeeeeeeeeeeeee man....

<Andy> is that a record?

<KiwiRoo> rofl. 12:24

<Andy> vvn, nesi

<KiwiRoo> getting out of my long at 31.25 (might get a short entry? 12:25

yey.. filled.. +3. 12:26

<Nesi> Shorts ER2 @ 700.00 «« paper »» 12:28

<KiwiRoo> wow.. they wanna reverse this thing.. 12:29

resistance at 32.75

trading smack on the trendline now.... 12:30

<Brutus> 02/08/2008 12:30 *DJ Fed's Lockhart: US Will Need Foreign Capital For Some Time

<KiwiRoo> FED is going broke. 12:31

<KN-ES> tst 2 er2 lng 701.80

tst 2 er2 lng 700.80

<KiwiRoo> tst ? 12:32

<Nesi> Shorts ER2 @ 699.50 -> Add «« paper »»

<KN-ES> test 12:33

<KiwiRoo> hehe ok..

<cwellsi> well the ER up tl is officially broken

<KiwiRoo> Not quite.

<cwellsi> broken & retested 12:34

<KiwiRoo> I poked a tiny tail above.. hehe 12:35

<cwellsi> 1333.5 bottom channel line tested again 12:36

<KiwiRoo> that was meant to say "It**poked.... 12:37

tell all the buyers to get lost.... 12:38

<cwellsi> ES sporting an inv h&s...neckline is the lower channel line 12:43

at 33.5 12:44

if broken has a measured move to 39.5 12:45

<Nesi> vol spike 12:47

watching to see if it becomes a vol breakout

vol breakout..imo 12:48

<KiwiRoo> hard selling.. 12:49

<Nesi> Covered 1/2 ER2 Short @ 697.50 --> + 2 «« paper »»

<KiwiRoo> watch 25 12:50

wooo+ DB.

<Nesi> Covered ER2 Short @ 698.50 --> + 1.5 «« paper »» 12:53

Reverse and Enter Long ER2 @ 698.50 «« paper »»

exit stop set ER2 @ 697.00 «« paper »» 12:54

<KN-ES> tst 3 lng er2 699.00 12:55

<Nesi> Long ER2 @ 699.50 -> Add «« paper »»

<szubaark_away> nice stop run below low of day 12:56

<cwellsi> DJ Fed's Pianalto: US Econ In 'Very Difficult Times'

<Nesi> Long ER2 @ 700.00 -> Add «« paper »» 12:59

contracting volality 13:00

<Andy> heading out for a bicycle ride...gn all and have a great weekend 13:04

<cwellsi> enjoy Andy 13:11

traders seem unwilling to hold over weekend 13:15

<GoodMood> what happens to the euro ?

<cwellsi> OPEC MAY ABANDON DOLLAR FOR EURO IN PRICING OIL, THIS WOULD TAKE TIME - OPEC SECGEN BADRI TELLS MAGAZINE 13:17

financials getting pounded 13:18

1320 test in play 13:19

<Brutus> http://www.marketwatch.com/news/story/mi ddle-east-internet-interruption-looks/st ory.aspx?guid=%7B6FD0D324%2D8FF9%2D4900% 2DBCA9%2D614914BA3E87%7D&dist=MostReadHo me 13:21

re crude priced in euro

<ItalianSharp> rebound time now 13:22

<cwellsi> not before 1320 test 13:26

<KiwiRoo> volatile area. 13:33

support 25 as mentioned earlier...might not break it.

under this and its a tanker. 13:34

no big size buyers at the lows here...

all big sellers so far... 13:35

its going lower ..... all small buyers... 13:36

<ItalianSharp> agree kiwi

down pressure still strong

need ES to test yesterday's low for a nice rebound IMO

<KiwiRoo> they're putting in the bid fast though...

all small lots buyers again..... hmmm.. 13:37

oh boy

21 is my next support. 13:38

JeeeezZZ+++ 13:39

WRB Analysis

Learn More

<cwellsi> 1332.6 S1 13:40

<KiwiRoo> Huge scooping up at the lows.... @#$@# 13:41

<cwellsi> still see 1320 test

<KiwiRoo> there go.

..

21 is big.

under that.. and its yesterday low.

Looking for next short at around 26. 13:44

shorting opportunity coming again imo.... 13:46

25 resistance. :) 13:47

<rickf> short es 1326 paper 13:48

<KiwiRoo> got my finger on the sell button too.. 13:49

nope.... strong buyerss.. 13:50

<rickf> short es 1329 (add) paper

<Nesi> buy ES 1329.00

<cwellsi> 1330 resis 13:51

<KiwiRoo> I'm short... 29

<Nesi> buy NQ 1760.00 13:52

<KiwiRoo> +2 @27 13:53

last target @ 25.25 .. 13:54

make that 25.50 :)

trailing stops 27.75 13:55

<cwellsi> think we make new lows here

<KiwiRoo> i'm getting off early 26.....

<Nesi> you have a very nice read, cwellsi

<KiwiRoo> wow... 13:56

<cwellsi> thanks nesi

<KiwiRoo> fast bounce or what. 13:57

<Nesi> i am down, quote ER please 13:58

<KiwiRoo> 27.75

<Nesi> thx

<KiwiRoo> np.

<Nesi> ER?

<futurible> 697.6

<cwellsi> 697.6

<KiwiRoo> opps

sorry

<Nesi> thx

<KiwiRoo> 97.50

<rickf> testing new sw today -- been paper trading a bunch today to experiment. 13:59

<KiwiRoo> which sw u trying? 14:00

<rickf> open ecry's software -- demo account

<Nesi> i have that too

<rickf> far superior to what i had been using

<Nesi> how do you like it

<KiwiRoo> OH ok.. what are u comparing it to?

<silo> i can't believe Tradestation doesn't have Hang Seng data :( 14:01

<Nesi> i have the demo and real one at the same time

<rickf> current account with oxps -- painful executions, slow interface, web-based

<KiwiRoo> I'm using Infinity AT... switching to Ninja now.

<rickf> nesi - pretty nice

<KiwiRoo> Just got account open with Mirus.

<Nesi> oec pretty fast...right , rickf?

<rickf> i model with ninja. slick tool

<KiwiRoo> ninja is awesome.

fast data.

<Nesi> you can use oec with ninja?

<rickf> nesi -- compared to oxps, a tortise interface would execute faster 14:02

<Nesi> :)

<KiwiRoo> haven't try the live account on them yet.. but I'm switching from INifityAT because they got me shits fills during FOMC.. i got pissed off.. :P

<rickf> kiwi - NT was very easy to model stuff. i was pretty impressed with it and it's in my toolbox for backtesting and experimenting

<KiwiRoo> awesome.. 14:03

<cwellsi> watch for selling to resume here

<rickf> no idea how ecry is as a broker, but their software has wowed me, and it's not as complicated as TS for my needs

<KiwiRoo> Yup...

500 lots.

under 25 and I'm selling again..

(with volume ofcourse).

<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) 14:04

<KiwiRoo> what do u do with the software Rickf ? indicator? auto trading? 14:05

<rickf> chart-based trading mostly on the oec platform - scalping and a few "planned" trades 14:06

never autotraded, not sure i would want to

<KiwiRoo> u can chart trade with Ninja and Sierra as well ( but i never do that.. DOM only for me).

<rickf> DOM is something new for me, glad to finally be able to play with it some now 14:07

<KiwiRoo> cool.. i'm sure u'll fine DOM easier than chart trading. 14:08

H&S setting up on ES

left shoulder at 28.50 14:09

<rickf> kiwi - one thing @ a time. :) i'm just glad to get much more reliable data, charts, and (simulated) executions

<Nesi> the sim , rickf , its like the real thing, i know because i have both at the same time 14:10

no lagging

<KiwiRoo> hehe. ok man.

<rickf> kiwi - no worries.....lots of new and useful stuff to see :)

<KiwiRoo> ;)

chop zone... i'm sitting on my hands... 14:11

<rickf> nesi - so you like oec? coolness. so far i'm pleased myself

<Brutus> one experienced guy that tried OEC went to velocity xtrader, he said the updates and tape 'feel' was much better on the dom 14:16

<KiwiRoo> right shoulder test...28.50 14:18

30 is big... watch fast buyer / seller. 14:19

<cwellsi> 1330 again

<KiwiRoo> oh there .. buyers..

<cwellsi> dueling progs 14:22

<rickf> Reminder: Anyone wishing to participate in the survey of brokers/platforms, feel free to email comments / recommendations to rickf@attrition.org. Results will be anonymized, organized, and posted next week for all to access. 14:27

<Nesi> power up 15:02

<silo> hehe 15:04

<cwellsi> looks down to me 15:05

<Nesi> some contracting volatily going on 15:10

<KiwiRoo> watch the bounce down..

<Nesi> i exepect a move soon

hope goes up :)

to 700 area

<KiwiRoo> 28.50 is tight.. 15:11

<Nesi> hoping for 1330 break ES soon.. we will see

<KiwiRoo> lol. that would be awesome..

I'll load up on stocks then.

<Nesi> you trade stocks too

<KiwiRoo> used to.

hoi yoi yei.... bouncing around. 15:14

tight range scalper would do well here.. wide enough channel to scalp. 15:15

this might break... 28.50... 15:16

need bigger momentum.

next push will be broken surely

<Nesi> here we may go 15:17

<KiwiRoo> yep... need some big size buying now.

nothing so far.

<cwellsi> flip a coin... no edge :)

<Nesi> yup

<KiwiRoo> still... only small lots sellers .. 15:18

one big buy and it will spike.

there it is.... 30 is resistance. 15:19

<cwellsi> op ex next week

<KiwiRoo> 31 next.

<cwellsi> big boys may want to kill those puts

<KiwiRoo> there was a trend line at 30.... big bounce off of it... 15:21

now we got a triangle.. lol. 15:22

I'm looking for a break out trade @ 31.50 and under 24.50 now. 15:26

Morgan buying 15:29

<KN-ES> tst lng 30.75 es 15:30

<KiwiRoo> big boys bidding hard in the pitt.

they can't do it... fek.. 15:31

<KN-ES> :)

<KiwiRoo> gogogog.

35 next

<KN-ES> that was the huge buy order u r talking about

<KiwiRoo> 34.75 actually.

push my friend..... 15:32

<KN-ES> it may reach as high as 42

<KiwiRoo> sight..** sellers... seller.. (small). 15:33

big sellers..

i'm out.. :(

<KN-ES> well, you are with the wind 15:34

just need to hold it

<KiwiRoo> i'm long again 34..2ticks stop.

damn.. 15:35

<KN-ES> 2 tick?

<KiwiRoo> yeah.. looking for the break up!!

<KN-ES> should have a stop at 26 if you want to catch all the way to 42

<KiwiRoo> LOL.

thats a big stop..

<KN-ES> well you can use 5 contract to get out at 1 point profit 15:36

<KiwiRoo> I got too many resistance above this point... but if its broken..then big$$$

<KN-ES> and another 5 for 2 pt

<KiwiRoo> well.. not really. but nice enough.. rofl.

<KN-ES> well here you have 15 pt to play the risk

for say last 4 conts

<KiwiRoo> buy buy.. 15:37

big buying from papers...

fark. my data is dead.

oh god..... 15:38

<rickf> short at 33.25 paper

<cwellsi> go short and be happy :)

<KiwiRoo> stupid squawk.. lol... i'm short too

long got me stopped then.... bugger... smiths was buying 300 on big contracts.. didn't break above..

<cwellsi> pit noise gives me a headache lol 15:39

<KN-ES> :)

good luck

<KiwiRoo> pitt is all over the place now... hmm. 15:41

<rainer> Long ER2 @ 699.5 15:42

Exited all ER2 Long @ 700.3 --> + 0.8 15:43

<rickf> exited es @ be (paper, delayed) 15:46

<KN-ES> humm

<Nesi> Exited all ER2 Long @ 703.00 --> + 7.5 «« paper »» 15:48

<rickf> k all, done for the day..

have a good weekend, see you next week

<Nesi> thanks all

have a good one

<ItalianSharp> nice hold nesi, way to whip that bi..ch...:) 15:50

amazing volatility again...really nice trading these days...hopefully it'll hold throughout the year 15:51

<Nesi> yeah

<silo> ok. damnnnn nesi 15:52

nesi your long was entered at 1 pm? 15:54

:D

<cwellsi> am i to assume <<<paper>>> means simulated trading? 15:55

<silo> yeah 15:56

<KiwiRoo> 30 is big..

<silo> anyone here trade forex ? 15:57

<cwellsi> i don't 15:58

if i trade curencies, i use futures 15:59

<KiwiRoo> GOLD MAN bough big.... market didn't move.... ... hmm.. 16:01

<cwellsi> listening to pit noise is like trying to trade market depth imo 16:02

<Brutus> ============ U.S. MARKETS ACTION ===========

DJIA down 61.78 points to 12186.20

NASDAQ up 9.62 points to 2302.57

S&P 500 down 5.09 points to 1331.57

10-year T-note up 99/32 at 98 25/32 yield 3.644

NYMEX Spot Crude up $3.67 at $91.78/bbl at close

Dollar/Euro up 0.0020 at 1.4512

http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={9fbc7 501-8616-417a-9fda-ed21a77f5117}

<cwellsi> too many market variables to give you an edge

<KiwiRoo> it gives you an edge at break out IMO. you'll see who is coming in / out.

<cwellsi> but if it works to ya... :) 16:03

to=for

<KiwiRoo> yeah... I'm still trying it out.

<cwellsi> electronic market has become too big

pit volume less and less of overall volume 16:04

<KiwiRoo> yep... but the papers can still move the market.

<cwellsi> brutal week for market 16:05

FOR THE WEEK, DOW ENDS DOWN 4.4 PCT, WORST WEEKLY PERCENTAGE DROP SINCE MARCH 2003

<KiwiRoo> wow.. thats bad.. that last pop was bad. gave fake impression about the market.. 16:06

I know many ppl went on margin loan big and bough heaps of stocks.

<cwellsi> they may get lucky as op ex may cause a pop next week to kill puts 16:08

<KiwiRoo> I hope so.. don't wanna see them losing their home over this crap. 16:09

<cwellsi> margin kills!

<KiwiRoo> yeah.

<KiwiRoo> fun close.. 16:14

have a good weekend all. 16:22

c ya.

<X> #FuturesTrades Info -> Chat room for traders and intermarket analysis of Emini Futures (EMD, ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQQ, SPY) 18:13

* DisconnectedSession Close: Fri Feb 08 19:13:45 2008 19:13

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#FuturesTrades past logs can be searched via using Google. For example, pretend you want to research what has been said about volatility analysis. Go to the Google search window below and type in "volatility analysis" site:thestrategylab.com (exactly as I typed it including the quotation marks) and you will find everything associated with those key words that were used by any member of #FuturesTrades.


We are proud to say that our chat room members are from the following geographical areas in the world:

Argentina, Australia, Belgium, Brazil, Canada, Denmark, France, Germany, Greece, Hong Kong (China), Israel, Italy, Japan, Mexico, Portugal, Puerto Rico (U.S.), Saudi Arabia, Singapore, Spain, United States and Venezuela.

In addition, below are the trading instruments our chat room members monitor closely to make trade decisions:

CME Emini Futures EMD, ER2, ES and NQ

CBOT mini-sized Dow Futures YM

Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50

Eurex Fixed Income Derivatives BUND, BOBL and Schatz

Euronext Futures FTSE-100 and CAC-40

CME Futures EuroFX EC

Treasury Futures T-Notes ZN, ZF and T-Bonds ZB

Forex Currencies EurUsd, EurYen and UsdCdn

Exchange Traded Funds DIA, IWM, QQQQ, SPY, OIH, XLE and GLD

NYMEX Energies Light Crude Oil CL, e-miNY QM and Natural Gas NG

COMEX Metals Gold GC and ZG

Hang Seng Index Futures HSI

Last of all, if you have any questions about any of the above commentary, specific trades et cetera...

Don't hesitate to ask your questions and we'll reply back as soon as possible.