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#FuturesTrades February 2oth Wednesday 2008 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+18.30	+251.60	+669.10
$1,830	$25,160	$66,910

Profitable Trade

1001am - 1008am est

Losing Trade

1236pm - 1248pm 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: Wed Feb 20 06:13:36 2008Session Ident: #futurestrades

* Now talking in #futurestrades 06:13

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

#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) 06:39

<Pepe> GM all 08:09

<futurible> gm all 08:17

<rickf> gm 08:37

<werner> gm all 09:11

<Brutus> http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={873de b40-9ea8-4929-a233-0e1697c555da} 09:15

GM everyone 09:16

<rickf> gm brutus, werner, all

<nqcruiser> hi tracoholics 09:19

<PapaJon> gm all 09:20

<drt> gm everyone 09:24

<pat255> gm all

<Andy> gm all 09:26

<Pepe> http://thestrategylab.com/forum/index.ph p?board=54.0 09:28

wrong room, I am sorry. 09:29

<rickf> VIX up 1.33 already. haven't seen pops like that so quickly in a while 09:33

<nqcruiser> any using TS 8.1 09:36

i need data just to crosscheck my version

<werner> no 8.3 here :( 09:37

<NihabaAshi> Long ER2 @ 696.80 -> medium size

intuition trade 09:38

<pat255> worked very well

vn

<NihabaAshi> Exited ER2 Long @ 698.30 --> + 1.5 09:39

Holding 1 contract remainder

<Pepe> very nice

<rickf> timed that one perfectly niha 09:40

<szubaark> Shorts ES @ 1340.25 «« paper »»

<NihabaAshi> DAX moving higher and Gold and Oil bouncing nicely off their lows. 09:42

Not sure why ER2 hasn't caught its second wind to make another surge upwards :(

Exited Remainder ER2 Long @ 699.00 --> + 2.2 09:46

<nqcruiser> Niha do u take the trade and then write here 09:48

it would seem your calls came 3mins after u took your own trade 09:50

<lumenPharmer> if niha posted his trades any faster we would be doing the clearing ;) 09:52

watch and learn nq 09:53

<nqcruiser> or better yet

we upgrate to hotcomm

pay 250 for niha

and we can get audio trades faster

i know its taxing on niha 09:54

<NihabaAshi> [09:48] <nqcruiser> Niha do u take the trade and then write here? 09:55

I don't know any other way of doing it.

I don't write my trades anywhere else prior to posting them in here...

Thus, posting trades in multiple different places is just CRAZY 09:56

<rickf> trade management is first priority, always

<NihabaAshi> Yep

<rickf> (then posting)

<lumenPharmer> yes

<NihabaAshi> nqcruiser...I would NEVER charge for someone to see my public trades...

NEVER.

Why??? 09:57

They can't be mimic because ER2 moves too damn fast :)

In addition, too many traders posting their trades too along with all the other market commentary. 09:58

Simply, by the time someone saw someone's trade being posted...

That price action is long gone.

<pat255> lol er a wild beaast

<NihabaAshi> These are main reasons why I do not like Signal Calling Rooms. 09:59

<rickf> FWIW I have never 'mirrored' a trade here -- but it's interesting to see how other traders' logic/planning matches up with mine at any given point 10:00

in that regard this is a perfect venue for education 10:01

<pat255> yup

<NihabaAshi> Shorts ER2 @ 698.70 -> small size

Covered 2/3 ER2 Short @ 697.00 --> + 1.7 10:03

<Pepe> excelent 10:04

<szubaark> Nice Niha.

exit stop moved to breakeven ES @ 1340.25 «« paper »» 10:05

<NihabaAshi> 2min ER2 has a long shadow White Hammer line... 10:06

<werner> can you explane your entry short niha?

<NihabaAshi> May get lucky to dump my remainder down at the lows of that Hammer line 10:07

Covered Remainder ER2 Short @ 694.80 --> + 3.9 10:08

Got lucky :)

<werner> wow nice

<NihabaAshi> [10:06] <werner> can you explane your entry short niha? 10:09

<lumenPharmer> very nice

<NihabaAshi> It's simple...I didn't like what the DAX was doing.

<KiwiRoo> nice trade nihaba.

<werner> ok thnx niha 10:10

<NihabaAshi> It had steam to continue upwards but it turn south and then started producing some Dark WRBs (momentum downwards).

I figure ER2 was due for a Dark WRB too because it hadn't done one while the DAX was doing one. 10:11

<werner> ok :) 10:12

<NihabaAshi> werner...I do a lot of "intermarket analysis"... 10:13

<werner> i see

<NihabaAshi> I like to see key markets in sync prior to them trying to do their own little thing.

Trading gets too confusing for me (lost in the forrest) when key markets are not in sync with each other. 10:14

<szubaark> Volatility contracting here at opening Lows, expecting spike soon 10:15

Covered all Short ES at 1340.25 --> 0 «« paper »» 10:17

Shorts ES @ 1341.75 «« paper »» 10:19

Covered all Short ES at 1343.25 --> - 1.5 «« paper »» 10:22

Buys ES @ 1343.25 «« paper »»

<NihabaAshi> Shorts ER2 @ 698.30 -> small size 10:27

1 only

<szubaark> :((

<NihabaAshi> I'm officially in profit protection mode because I've exceeded my profit goal for the trading day.

weak looking White Hammer line in Gold 10:30

<Pepe> yeah 10:31

<NihabaAshi> Oil still trying to move higher

Markets not in sync :(

My trade is lost in the forrest :(

Oil, Gold and DAX now retracing 10:32

ER2 fighting hard not to retrace 10:35

<Pepe> :)

<NihabaAshi> Covered ER2 Short @ 698.20 --> + 0.1 10:36

Long ER2 @ 698.70 -> small size 10:37

1 only

Good s/r zone here 10:38

<szubaark> nice pop after the last WRB was retraced

Nice entry Niha. 10:39

<rickf> back later...

<NihabaAshi> Exited ER2 Long @ 700.10 --> + 1.4 10:41

<szubaark> no followthru :( 10:42

<NihabaAshi> Yep...too much resistance up here. 10:45

Yet, if it breaks above the 700.40

It should be able to test 701.00

<szubaark> yeah, Gap close maybe

Exited all Long ES at 1343 --> - 0.25 «« paper »» 10:46

Shorts ES @ 1343.75 «« paper »» 10:47

<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) 10:48

<pat255> biab ty alll 10:49

<szubaark> NQ weaker, hopefully pulls ES down with it 10:52

exit stop moved to breakeven ES @ 1343.75 «« paper »»

<Andy> Shorts ER2 @ 699.5

Covered 1/2 ER2 Short @ 698.5 --> + 1 10:54

Covered Remainder ER2 Short @ 699.4 --> + 0.1 10:55

<KiwiRoo> stuck in a range.... 11:07

jee++.... 11:08

expecting a break down soon..

<szubaark> not without a fight

<KiwiRoo> I can smell it

now.

<szubaark> Good, we getting followhtru in the direction of the trend at least, UNLIKE yesrsturday where they took it up Overnight then Down 11:09

<KiwiRoo> but it was then.. down all da way yesterday:)

this is pretty much 2sided trading.. 11:10

pretty wild action ..... 11:12

small down trend line here on ES.

41.50 is the top. 11:13

<Andy> Long ER2 @ 699 «« paper »» 11:14

<szubaark> Fib buyers should be jimping in here 11:16

<Brutus> 1330/1830 St. Louis Fed Pres Poole speaks on "Inflation Dynamics" in

Kirksville, Mo.

1400/1900 Jan FOMC minutes

<Andy> Exited all ER2 Long @ 699.2 --> + 0.2 «« paper »» 11:17

<KiwiRoo> here might be the search for buyers... 11:18

<szubaark> yup, they jumping in here 11:19

hopefully wont whack my Stop

<KiwiRoo> question is... can they find interst above... if not then... tank.

<Andy> no patience :(

<KiwiRoo> Looking for short @ 44... 11:23

if price action agrees..

<szubaark> lunchtime approaching, could get real choppy in here 11:24

<KiwiRoo> Yup... sellers should step in around 44areas.. i hope.

<szubaark> Covered all Short ES at 1343.75 --> 0 «« paper »» 11:25

Buys ES @ 1343.75 «« paper »»

<KiwiRoo> support 42.75.. break this and kaboom 11:30

otherwise... Bull flag :P 11:31

sorry... wrong number... 42.50 that was. 11:32

<szubaark> geez, test after test, need patience of a Saint 11:34

<KiwiRoo> Look like they're building up the bullflag here. 11:35

<Andy> that's my take, Kiwi

<KiwiRoo> but jee.. its too slow...

under the support area now... gonna be hard to go up... 11:36

<Andy> need to shake out the longs before going up

<KiwiRoo> yeah... look like it.. 11:37

or maybe its the other ways around :P

<szubaark> another tough chart to trade :(

<KiwiRoo> too many buyers coming in to the bid... 11:38

hardly anyone lifting their bid to the market though.

<Andy> if you're a robot, maybe :)

<KiwiRoo> until now.

<szubaark> Shorts ES @ 1341 «« paper »» 11:39

Covered all Short ES at 1341 --> 0 «« paper »»

-2.75

NQ need to break here 11:40

<KiwiRoo> i think they gonna consolidate this area again.... they did it half hour ago.... they'll do it agian.

1hr ago that was. 11:41

<Andy> Long ER2 @ 699.7 «« paper »»

Exited all ER2 Long @ 699.3 --> - 0.4 «« paper »» 11:43

<szubaark> NQ breaking down

<KiwiRoo> ES is following..... 11:45

but it will consolidate...i'm pretty sure.

40.25-42.50

<pdays> Shorts ER2 @ 699.4 11:51

Covered all ER2 Short @ 699.9 --> - 0.5

<KiwiRoo> Jee+ how blind...didn't see trend line on ES from 10:06am, 11.06am then 11.45am. triangle now 11:55

wow... 2643 lots seller... market didn't move.. 12:00

<szubaark> i was due for my mandetory mirc "disconnect" LOL 12:01

<KiwiRoo> lol. 12:02

Look for break down. 12:03

wow.. no. 12:04

wrong way

<szubaark> Covered all Short ES at 1345 --> - 4 «« paper »»

Buys ES @ 1345 «« paper »»

bastids

<KiwiRoo> OH...

they did a trend line bounce.... that was hard..

<rickf> geez -- i JUST sit back down and the ES is spiking

<KiwiRoo> triangle breakout.

that was super fast. 12:05

<werner> news?

<szubaark> that was sneaky as always

<Pepe> any news?

<szubaark> if they go down here im gonna call it a day LOL

<rickf> no news i can find yet 12:06

<codehead> everything popped same instant, even oil 12:07

<szubaark> to make sure no one gets in

<codehead> with a quirt volume spurt

<rickf> FOMC meeting minutes come out later today -- maybe leaked?

<KiwiRoo> wow... 12:08

<werner> <iNews> 12:09ET TF1 2007 OPERATING PROFIT 305.2 MLN EUROS VS REUTERS ESTIMATES 323 MLN EUROS [RTR] 12:10

<iNews> 12:10ET TF1 2007 NET PROFIT 227.8 MLN EUROS [RTR]

what is TF1 ? 12:11

<rickf> TF!?

<werner> :)

<iNews> 12:11ET UBS SEES MILD RECESSION WITH GDP DECLINING 60 BPS FROM 2007 YEAR-END TO MID-2008 [RTR]

<KiwiRoo> NFS] Boosts dividend 11.5% to $0.29 from $0.26 12:12

- The dividend is payable on April 14, 2008, to shareholders of record at the close of business on A...more

are we in a Trend Long mode now? hmmm.... 12:14

<Andy> Shorts ER2 @ 705.5 «« paper »» 12:15

<szubaark> i see Oil at 100 12:16

<KiwiRoo> is it because of oil spike?? 12:17

European Mortgage Federation: US subprime fallout in Europe wil be contained - wire headline

<Pepe> Shorts ER2 @ 705.7 12:20

<Andy> Covered all ER2 Short @ 706.7 --> - 1.2 «« paper »»

<Pepe> Covered all ER2 Short @ 706.5 --> - 1 12:21

<KiwiRoo> Oh boy.....

<szubaark> wow, fast spikes

<rickf> wow

<Pepe> wow

<KiwiRoo> DOM is very light now.

It will move on big volume.

<szubaark> Exited all Long ES at 1355 --> + 10 «« paper »» 12:22

<KiwiRoo> NIce....

<Pepe> correct...Covered all ER2 Short @ 706.5 --> - 0.8 12:23

<rickf> VN szu

<Pepe> Nice SZU

<Andy> wtg szu

<szubaark> thanks, it was tough trading today, i made some "usual" trading mistakes

<NihabaAshi> szu...when are you going to switch back to real money trading ???

<codehead> pretty decent sustained volume in this move, since the start of it 12:24

<rickf> niha - soon; going to move to ecry next week and start using real $ again

<KiwiRoo> DOM is super THIN though.....

<NihabaAshi> cool

<rickf> oh nm, you were talking to szu.

<NihabaAshi> That's ok :)

<szubaark> I dont think im ready yet. Due to days like yersturday where i did nit "understand" the Price Action and kept going Long 12:25

<Andy> Shorts ER2 @ 707.4 «« paper »»

<szubaark> i still have a few rough spots need to work on

<NihabaAshi> szu...what's the difference between Yesterday's price action and Today's price action...

A replied not needed.

Just want you to study the difference betweent the two trading days. 12:26

Will be very useful in the future if you can develop a feel via clues about the price action.

<Andy> Covered 1/2 ER2 Short @ 706.4 --> + 1 «« paper »» 12:27

<NihabaAshi> Shorts ER2 @ 705.90 -> small size 12:29

I'm out at .50 12:30

Covered ER2 Short @ 706.50 --> - 0.6

Shorts ER2 @ 706.70 -> small size 12:31

<KiwiRoo> Imbalance on the DOM. 12:32

<Andy> Covered Remainder ER2 Short @ 706.8 --> + 0.6 «« paper »»

<NihabaAshi> Covered ER2 Short @ 706.90 --> - 0.2 12:34

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)

<KiwiRoo> Hey KN. 12:35

u're late :P

oh.. lol.

<NihabaAshi> Long ER2 @ 707.00 -> small size 12:36

contracting volatility

<Kn-Es> hi KiwiRoo 12:40

:)

<KiwiRoo> Hi mate..

<Kn-Es> yes, kind of late

<KiwiRoo> jUst missed out the action... 12:41

<NihabaAshi> support not too far below...

<Kn-Es> :(

<NihabaAshi> don't want to wait when support is reached to decide to reverse my position

<Kn-Es> srt 52 12:42

sz

<NihabaAshi> volatility contracting more 12:44

<Kn-Es> s/l 53.75 12:48

<NihabaAshi> Exited ER2 Long @ 706.00 --> - 1

<Kn-Es> out 1/2 51 ............ +1.00 12:49

<Pepe> :(

<Kn-Es> tp2 49.75 (+2.25) tp3 40.25 (+11.75) 12:50

<NihabaAshi> Long ER2 @ 706.80 -> small size 12:51

volatility spike 12:52

<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) 12:54

<Kn-Es> out 1/2 51 ............ +1.00 12:59

nop

<Pepe> white hammer line on Gold 13:03

<Kn-Es> add 53.75 13:04

<NihabaAshi> Exited ER2 Long @ 707.40 --> + 0.6 13:06

<Kn-Es> s/l 55.80

hit

<NihabaAshi> Long ER2 @ 708.50 -> small size 13:09

<Kn-Es> srt 56.25

out 57.25 13:10

<Pepe> NIha you are excelent trader! 13:11

<NihabaAshi> Exited ER2 Long @ 708.60 --> + 0.1

<Pepe> 1:30 PM ET : St. Louis Federal Reserve Bank President William Poole 13:13

<rickf> cue up your shorts....

<Kn-Es> srt 55 13:21

2 con

s/l 58.75

<intowin> Long ES @ test 13:24

<NihabaAshi> support broken 13:25

<Kn-Es> out 1 51.00 .............. + 4.00 13:26

s/l 56.50

<NihabaAshi> Long ER2 @ 705.20 -> small size 13:28

Exited ER2 Long @ 704.20 --> - 1 13:30

Reverse and Enter Short ER2 @ 704.20

<Pepe> :( 13:31

<NihabaAshi> so far...killer low volatility 13:36

Things should heat up here soon in about 10 to 15mins with the pending 2pm est FOMC minutes 13:37

Covered ER2 Short @ 705.20 --> - 1 13:40

<wizardofrijnsaterwou> out nog 1/4 51 - 53,75

<werner> lol wiz 13:41

<wizardofrijnsaterwou> -)

<silo> niha are yo ustill positive for the day?

<NihabaAshi> silo...you may want to review the log :)

Yes...I'm still above my 1.2k profit goal for the day :) 13:42

This needs to pullback a little or go sideways to prevent a runaway spike 13:45

volatility contracting 13:47

<silo> my bad... i got in a bit late so was just wondering :P 13:50

only saw the most recent trades 13:51

:P

<NihabaAshi> Shorts ER2 @ 707.80 -> small size

Yeah...I had a few good trades on some size out of the gate today...

Gave a very nice cushion above my profit goal of the day.

More importantly, I'm only trading via 1 contract only for the remainder of the trading day. 13:52

[10:27] <NihabaAshi> Shorts ER2 @ 698.30 -> small size 13:53

[10:27] <NihabaAshi> 1 only

[10:27] <szubaark> :((

[10:27] <NihabaAshi> I'm officially in profit protection mode because I've exceeded my profit goal for the trading day.

Still killer volatility...market is waiting for something. 13:54

Only thing up on the blocks is the FOMC Minutes. 13:55

DAX just spiked upwards

However, other key markets did not follow.

Shallow WRB pt1 right now for me. 13:59

Greed or Fear time

<rickf> let's go for greed -- be nice to have some major green on the boards for a change :) 14:00

(then we can be greedy)

<NihabaAshi> Covered ER2 Short @ 706.80 --> + 1

Greed it is :)

<Pepe> nice

<Kn-Es> SRT 58.25 14:01

<NihabaAshi> Shorts ER2 @ 706.50 -> small size

<rickf> now fear....

<NihabaAshi> Yep

<Kn-Es> OUT 7/8 50.00 .................... + 8.25 14:02

<NihabaAshi> It dropped fast

<rickf> VN

<robert> wtg kn

<NihabaAshi> I started thinking Short at 709 and next thing I knew it was 706.70 :(

Missed a great entry

<Kn-Es> OUT 1 58.25 53.00 ................. + 5.25 14:03

OUT 1 58.25 52.00 ................. + 6.25

<NihabaAshi> Greed or Fear ?

<silo> kn-es !!!!

<Kn-Es> thanks 14:04

OUT 1 58.25 54.25 ................. + 4.25

<NihabaAshi> Covered ER2 Short @ 706.20 --> + 0.3 14:05

Fear

<Kn-Es> s/l 58.25

<NihabaAshi> Shorts ER2 @ 708.00 -> small size 14:06

geeesh 14:07

<Kn-Es> OUT 1 58.25 55.25 ................. + 3.25

<NihabaAshi> Covered ER2 Short @ 707.40 --> + 0.6 14:13

Pin Ball Maching big time :(

Taking a break...be back later.

<codehead> oil rocking 14:16

<Kn-Es> add 55

<codehead> 100.725 hit

QM 14:17

<Kn-Es> out 7/8 52.75 ......... +2.25

out 4 55 53.75 ......... +1.25

out 1 55 50.75 ......... +4.25 14:19

<intowin> short ES @ 705.90 14:23

<Pepe> ES 705.90??? 14:25

<intowin> cant change contracts in mirc er 14:26

<Pepe> :)OK

<Andy> intowin, check "setup/set default trade"...do you have it? 14:28

<intowin> been away from trading for a bit.. thanks will check that later

<Andy> np 14:29

<codehead> Qm dumped a buck into the close, for sub-100 end 14:31

<Guest35179> Long ER2 @ 705.5 14:39

looking to move up 14:44

<rainer> Long ER2 @ 706.3 14:45

<Andy> Guest, if you can see a pattern in that, that is strong work

:) 14:46

<rainer> Exited all ER2 Long @ 707.5 --> + 1.2

<Guest35179> Exited all ER2 Long @ 707.4 --> + 1.9

<Andy> nice 14:47

<Guest35179> if it breaks this range should head for 710 again 14:49

<intowin> Covered all ES Short @ 708 --> - 2.1

<Kn-Es> srt 61.50 14:50

srt 61.50

<szubaark> Every big Volatility spike if FOLLOWED by Hours of Consolidation, tough trading

<Kn-Es> 60.75

<KiwiRoo> what a day huh..

<rickf> i was just thinking that

<Kn-Es> 60.50

out 3/4 61.50 60. 14:51

out 3/4 61.50 60.50 ........ +0.50

out 4 61.50 60.50 ........ +1.00 14:52

.75 and 1.00

holding 2

<Guest35179> Long ER2 @ 710.5

<Kn-Es> out 62.50

srt 63.25 14:53

2 cons

<robert> Shorts ES @ 63.50

<Guest35179> Exited all ER2 Long @ 711.3 --> + 0.8

<Kn-Es> out 1 62 ................ 1.25

<KiwiRoo> 5mins until the big stuff... 14:55

<Guest35179> Long ER2 @ 710.3

<Kn-Es> out 63.25 0.00

srt 63.50

<KiwiRoo> 64.50 is significant if it gets there. 14:56

<Kn-Es> 7/8 62.50 ............ 1.00

out 64.50

srt 64

2 con 14:57

<Guest35179> Exited all ER2 Long @ 711.8 --> + 1.5

<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 64

<robert> Covered all ES Short @ 64.75 --> - 1.25

<Kn-Es> srt 64.25 14:58

1 con

<robert> Shorts ES @ 64

<Andy> Shorts ER2 @ 711.2

<Kn-Es> out 62.25 ............. +2.00 14:59

<KiwiRoo> woo.. 64.50 held pretty nicely.

<Kn-Es> not sure though

may try another time, if not broken we may look for short 15:00

<KiwiRoo> yeah.. for now.. ROFL... was able to make something out of that.... thought i was dead after that little pop just then.

<Kn-Es> :)

<robert> Covered all ES Short @ 61.25 --> + 2.75 15:01

<Kn-Es> not really into trade anymore ........ just cliking here and there

<KiwiRoo> you're doing a pretty good job clicking..

<Andy> Covered 3/4 ER2 Short @ 710.3 --> + 0.9

<Kn-Es> product of getting bored!

<rickf> KN- just tossing darts? *ducks* 15:02

<Kn-Es> :)

srt 62.50

<Andy> Covered Remainder ER2 Short @ 710.6 --> + 0.6

<Kn-Es> s.l 62.25

out all but 3 61.25 .............. +1.25 15:05

s.l is 64.25 nt 62.25 15:07

<intowin> short ES @ 710

<Guest35179> Shorts ER2 @ 709.7

<KiwiRoo> [06:55] <+KiwiRoo> 5mins until the big stuff... (((OMG-- I just realized. I missed FOMC!! stupid alarm clock- :P) 15:08

59 is biggy... could be flag setup at this price... 15:09

59, 60.

<Kn-Es> srt 62.75 15:11

1 con

<KiwiRoo> I think they might be looking to search for 68.25 by end of day..maybe.. 15:13

<Kn-Es> out 62.75 61.5 ...... 1.25

<KiwiRoo> are we seeing market bottoming out as FED is preparing to cut rate like anything now?? Trying to be like Japan BUT with Huge debt!! Japan has 0 debt when they cut... 15:15

:)

Hi startrader :) 15:16

<startrader> Hey kiwi.

<KiwiRoo> as said be4... watch 59, might be tough. 15:18

<Kn-Es> out 1 62.50 59.00 ...................... +3.50 15:19

<KiwiRoo> nice hit...

<Kn-Es> :)

<Guest35179> Covered all ER2 Short @ 708.4 --> + 1.3 15:20

<NihabaAshi> Shorts ER2 @ 708.00 -> small size 15:24

<Kn-Es> out 1 62.50 57.00 ...................... +5.50 15:25

<intowin> Covered 1/2 ES Short @ 708 --> + 2

<NihabaAshi> oh oh

Covered ER2 Short @ 707.90 --> + 0.1 15:26

<Kn-Es> s/l 62.50 tp 54.50 (+8.00) 15:27

<intowin> Covered all ES Short @ 707 --> + 3 15:29

<NihabaAshi> Long ER2 @ 707.20 -> small size 15:33

<KiwiRoo> market is having a hard time going under 56.. 15:38

<Kn-Es> srt 59.50 15:40

1 con

<NihabaAshi> Exited ER2 Long @ 708.50 --> + 1.3 15:41

<Kn-Es> out 59.50 (add) 56.50 .............. + 3.00 15:45

s/l 61.50 15:46

<KiwiRoo> nice trading late of day KN.

<Andy> nice, KN

<Kn-Es> thanks

<NihabaAshi> Long ER2 @ 708.30 -> small size 15:48

sneaky 15:49

:(

Will be a tough trade due to the late entry

Exited ER2 Long @ 709.50 --> + 1.2 15:52

WRB Analysis

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<Kn-Es> add 58.75

1 con

<KiwiRoo> Big down trend line from HOD incase no one noticed :) 15:56

<Kn-Es> :)

limit srt 1 con 60.50 15:59

add 60.50

out 60.50 59.00 ............. + 1.50 16:00

<Andy> Shorts ER2 @ 711 «« paper »» 16:02

<Kn-Es> s/l 61.00 16:06

kind of tired

s/l 60.50 16:09

<Andy> Covered all ER2 Short @ 710.9 --> + 0.1 «« paper »» 16:10

* sep34 is now known as sep34_away 16:13

<KiwiRoo> 5 secs 16:14

and close.... 16:15

<Andy> gn all 16:16

<werner> gn all 16:19

<Brutus> http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={7a99e 48b-31c0-4498-bbe5-d9c91eb72d65} 16:28

gn all 16:30

<NihabaAshi> Take care all and see all tomorrow.

<Kn-Es> out all 16:43

58.00

58.75 58.00 ................... + 0.75

62.50 58.00 ................... + 4.50 16:44

<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) 17:03

* DisconnectedSession Close: Wed Feb 20 19:33:14 2008 19:33

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