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#FuturesTrades February 22nd Friday 2008 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+0.00	+272.00	+689.50
$0	$27,200	$68,950

"No trades due to toddler doctor appointment".

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 22 08:43:32 2008Session Ident: #futurestrades

* Now talking in #futurestrades 08:43

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

#FuturesTrades Info -> I am not trading today due to being away at a Ear Specialist appointment for one of my kids and I'll be off 3 trading days next week for tax preparation reasons. 08:46

* NihabaAshi is now known as NihabaAshi_away 08:47

<werner> gm all 08:59

<PapaJon> gm all 09:16

gm all

<werner> gm PJ

<PapaJon> hi werner 09:20

<ItalianSharp> MORNING 09:27

<Brutus> GM everyone

<Andy> gm all 09:28

<drt> gm everyone 09:29

<ripsboy> gm all...

<Nesi> Long ER2 @ 697.10 09:31

Exited ER2 Long @ 696.10 --> - 1

Reverse and Enter Short ER2 @ 696.10

Covered all ER2 Short @ 695.50 --> + 7.6 09:35

that is wrong

Long ER2 @ 696.00

Exited all ER2 Long @ 695.50 --> - 0.5 09:39

<szubaark> Shorts ES @ 1346.75 «« paper »» 09:40

<Andy> Long ER2 @ 695.9 «« paper »»

Exited all ER2 Long @ 694.8 --> - 1.1 «« paper »» 09:41

<Pepe> :( 09:42

breaking news!

on CNBC rigt now ....in New York there is snowing right now.. :) 09:43

<szubaark> lol

<Andy> lol

<Pepe> :)

<szubaark> exit stop moved to breakeven ES @ 1346.75 «« paper »» 09:44

<Nesi> Long ER2 @ 694.50 09:49

<szubaark> tight, low Volatility action so far 09:50

<teg1979> Long ER2 @ 694.1 «« paper »» 09:52

Exited all ER2 Long @ 693.1 --> - 1 «« paper »» 09:53

<szubaark> Covered all Short ES at 1344 --> + 2.75 «« paper »» 09:55

<Nesi> Exited all ER2 Long @ 692.00 --> - 2.5 09:56

<teg1979> wish I would have been thinking short earlier 09:59

<Nesi> Long ER2 @ 691.80 10:00

<X> #FuturesTrades Info -> I am not trading today due to being away at a Ear Specialist appointment for one of my kids and I'll be off 3 trading days next week for tax preparation reasons. 10:02

<robert> Long ES @ 40.50 10:03

<szubaark> Buys ES @ 1339.75 «« paper »» 10:05

<Pepe> ER2 is crazy 10:07

<robert> Long ES @ 37.50 -> Add 10:08

<Pepe> 7 dark interva

<Nesi> Long ER2 @ 687.40 -> Add 10:13

<szubaark> almost an hour of non stop dumping 10:16

<Nesi> Long ER2 @ 688.40 -> Add 10:17

<teg1979> Long ER2 @ 688.4 «« paper »» 10:18

Exited all ER2 Long @ 687.4 --> - 1 «« paper »» 10:21

<Andy> Long ER2 @ 686.4 «« paper »» 10:26

Exited 1/2 ER2 Long @ 687.8 --> + 1.4 «« paper »» 10:29

Exited Remainder ER2 Long @ 686.6 --> + 0.2 «« paper »» 10:32

<ElephantMan> LONG ES 33.00 10:36

<Andy> Long ER2 @ 685 -> small size «« paper »»

<Kn-Es> lng 33.50 10:37

out 32.50 10:39

<ElephantMan> I will reverse on ES if it takes out 31.75 10:40

like the Doji at an assumed bottom on 5 minute chart

<gabe> Long ER2 @ 685.50 10:41

<KiwiRoo> assumed bottom* .. :)

<Kn-Es> srt 32.50

<KiwiRoo> going going... 10:42

and goneski

<ElephantMan> Reveresed at 31.50

<szubaark> amazing dumpage since open

<Kn-Es> out 3/4 31.50 ............... +1.00

<Andy> Exited all ER2 Long @ 684.1 --> - 0.9 «« paper »»

<Kn-Es> s/l 34.50

<KiwiRoo> They don't wanna give up this lvl around 3 area.. hmmm. 10:43

<Kn-Es> rev 32.50

<Andy> Long ER2 @ 685.6 «« paper »»

<Kn-Es> out 3/4 34.50 ............... +2.00 10:44

<ElephantMan> exit all at 34

<Kn-Es> sl 31

<Andy> Exited 3/4 ER2 Long @ 686.6 --> + 1 «« paper »» 10:46

<gabe> exit stop set ER2 @ 685.50 10:48

<teg1979> Long ER2 @ 687.0 «« paper »»

<Kn-Es> out 1 35.50 ................... + 3.00 10:49

<gabe> exit stop raised ER2 @ 686.50 10:50

<KiwiRoo> nice trading KN... 10:51

<teg1979> Exited 1/2 ER2 Long @ 688.0 --> + 1 «« paper »»

<ElephantMan> looking to short 38.25 10:52

<Kn-Es> out 1 36.50 ........................ + 4.00

thanks KiwiRoo

<Andy> Exited Remainder ER2 Long @ 687.4 --> + 1.8 «« paper »» 10:53

<Kn-Es> rev 35.50 10:54

rev 35.50 out lng ( ....... + 3.00 )

s/l 38.50 10:55

out 3/4 34.50 ........................ + 1.00 10:56

<gabe> Exited all ER2 Long @ 687.50 --> + 2

<teg1979> Exited Remainder ER2 Long @ 687.0 --> 0 «« paper »»

<Kn-Es> out 1 33.50 ........................ + 2.00

rev 35.50 11:01

out 3/4 36.50 ........................ + 1.00

s/l 33 11:02

<teg1979> Long ER2 @ 687.2 «« paper »»

<Kn-Es> rev 35.25 11:05

out 3/4 34.50 ........................ + 1.00

34.25

<teg1979> Exited Remainder ER2 Long @ 686.1 --> - 1.1 «« paper »»

<Kn-Es> out 3/4 33.75 ........................ + 1.50

1

not 3/4

<KiwiRoo> 33.50 is so damn tough.... 11:06

<teg1979> Shorts ER2 @ 686.5 «« paper »»

<Kn-Es> should be broken shortly 11:07

<KiwiRoo> I think so too.

but...

<Kn-Es> coz it not trying 38.50

<KiwiRoo> it could break to the upside as well.

<Kn-Es> it--its

<teg1979> Covered Remainder ER2 Short @ 687.5 --> - 1 «« paper »»

<KiwiRoo> trendline from this morning mad selling was broken.... so expecting some bounce above. 11:08

<Kn-Es> good luck

:)

<szubaark> We've been selling since Yersturday

<Kn-Es> cool

<gabe> Shorts ER2 @ 686.90

<Kn-Es> out 1 32.25 ........................ + 2.00 11:11

32.75 11:12

<teg1979> Long ER2 @ 687.2 «« paper »»

<Kn-Es> rev 34.50 11:14

<gabe> Covered ER2 Short @ 688.00 --> - 1.1

Reverse and Enter Long ER2 @ 688.00

<Kn-Es> out 3/4 35.50 ........................ + 1.00 11:15

out 1 36.50 ........................ + 2.00 11:16

out 1 37.50 ........................ + 3.00

<szubaark> nice trades KN.. 11:17

<KiwiRoo> 2nd that.. great trading.

<teg1979> Exited 1/2 ER2 Long @ 688.9 --> + 1.7 «« paper »»

<Kn-Es> thank

<teg1979> exit stop moved to breakeven ER2 @ 687.2 «« paper »»

<Kn-Es> thanks 11:18

<gabe> Exited all ER2 Long @ 688.50 --> + 0.5 11:22

<Kn-Es> rev 36 (out lng........ +1.50)

s/l 38.50 11:23

<robert> Long ES @ 33.50 -> Add

Exited 1/3 ES Long @ 36 --> + 2.5

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> rev 36.50 11:24

<robert> Exited 1/3 ES Long @ 37.50 --> - 3

<Kn-Es> out 3/4 37.50 ........................ + 1.00

out 2 37.50 ........................ + 1.00 11:25

rev 35

nop

s/l 35

<robert> Exited Remainder ES Long @ 37.50 --> - 3

I think I came out flat ;>) 11:26

<KiwiRoo> seems 2b loooking to test the 39.25 area..

<Kn-Es> rev...w 11:27

36.50

<KiwiRoo> see how far it can go.

<Kn-Es> will have another try some other time but doesnt look like now 11:29

<KiwiRoo> every levels tested was met by sellers,, I doubt we can break 39.25 area..

<Kn-Es> out 3/4 35.50 ........................ + .50 11:30

s/l 38.50

worst case its a b/e trade

<Andy> Long ER2 @ 689 «« paper »»

<Kn-Es> thats 36.00

rev 37 11:35

out 2 38 ........................ + 1.00 11:36

3/4 th

<Andy> Exited 3/4 ER2 Long @ 690.7 --> + 1.7 «« paper »»

<KiwiRoo> they should smack it down @ 39.25 hopefully..

<Kn-Es> out 2 38.25 ........................ + 1.25

rev 37 11:38

<Andy> Exited Remainder ER2 Long @ 690.2 --> + 1.2 «« paper »» 11:39

<Kn-Es> rev 37.50

out 3/4 38 ........................ + .50

<szubaark> Exited all Long ES at 1337.25 --> - 2.5 «« paper »» 11:40

Shorts ES @ 1337.25 «« paper »»

<Kn-Es> rev 37.50

out 2 36.50 ........................ + 1.00 11:41

3/4th

<teg1979> Exited Remainder ER2 Long @ 688.2 --> + 1 «« paper »» 11:43

gotta go make little at may day job

<Kn-Es> out 2 35.50 ........................ + 2.00 11:44

out 2 34.50 ........................ + 3.00

out 1 33.50 ........................ + 4.00 11:48

<szubaark> back to this tough 33.50 Support area

<Andy> Long ER2 @ 687.3 «« paper »» 11:50

Exited 3/4 ER2 Long @ 687.8 --> + 0.5 «« paper »» 11:53

<Kn-Es> rev 34.75 (out long ........ + 2.75 ) 11:54

out 3/4 35.25 ........................ + .50 11:55

<Andy> Exited Remainder ER2 Long @ 687.6 --> + 0.3 «« paper »»

<szubaark> Covered all Short ES at 1335 --> + 2.25 «« paper »» 11:57

<Andy> Long ER2 @ 687.9 «« paper »» 11:59

Exited 3/4 ER2 Long @ 688.3 --> + 0.4 «« paper »» 12:01

Exited Remainder ER2 Long @ 687.9 --> 0 «« paper »» 12:02

<Kn-Es> rev 34.25 (-.50) 12:03

out 7/8 33.25 ........................ + 1.00 12:04

<X> #FuturesTrades Info -> I am not trading today due to being away at a Ear Specialist appointment for one of my kids and I'll be off 3 trading days next week for tax preparation reasons. 12:05

* codehead_afk is now known as codehead 12:06

<Kn-Es> out 1 32.25 ........................ + 1.50

33.00 12:07

out 1 32.25 ........................ + 2.00

add 33 12:09

out 7/8 33.00 32.00 ........................ + 1.00 12:10

out 1 33.00 31.50 ........................ + 1.50 12:12

out 1 33.00 30.00 ........................ + 3.00 12:14

rev 30

rev 30 (out lng +3.00 +4.25) 12:15

out srt

at 30

lng 30

out 7/8 31.00 ........................ + 1.00 12:16

out 1 31.50 ........................... + 1.50 12:27

<Andy> Long ER2 @ 684.1 «« paper »» 12:28

<Kn-Es> add 30.75 12:30

out 7/8 30.75 31.25 ........................ + .50

<Andy> Exited all ER2 Long @ 683.6 --> - 0.5 «« paper »» 12:31

<Kn-Es> rev 29.75

out 7/8 28.75 ........................ + 1.00

rev 30.00 12:33

rev 29.50 12:34

rev 29.50

out 7/8 32.50 ........................ + 3.00 12:35

<robert> nice kn 12:36

<Kn-Es> thanks

it changes direction so many time, hard to trace 12:37

<Tim_a1> i've found the last week very difficult

<Kn-Es> :)

its everyday for me

<Tim_a1> seems like it's on a trend for a while, and every signal is a fake until it's over 12:38

<Kn-Es> out 1 32 ........................ + 2.5 12:39

<Tim_a1> i guess thats the nature of a pennant in a bear market

<Kn-Es> i guess so 12:41

out 1 33.50 ........................ + 4.00 12:47

rev 32 ( out lng ........ + 3.00) 12:51

<Andy> kn, you have been outstanding today...it has been fun watching you work :)

<Kn-Es> out 7/8 31.5 ........................ + .50

<Andy> Shorts ER2 @ 686.2 «« paper »» 12:52

<Kn-Es> out 1 30 ........................ + 2.00 12:53

thanks Andy

s/l 34

<Andy> Covered 3/4 ER2 Short @ 685.3 --> + 0.9 «« paper »»

Covered Remainder ER2 Short @ 686.2 --> 0 «« paper »» 12:55

<Kn-Es> rev 32.50 12:56

out 7/8 33 ........................ + .50

3/4

th

out 1 33.50 ........................ + 1.00 12:57

out 1 33.50 ....................... + 1.00

<Andy> Shorts ER2 @ 686.8 «« paper »» 12:59

<Kn-Es> rev 31.75 13:02

<Andy> Covered 3/4 ER2 Short @ 686.6 --> + 0.2 «« paper »»

<Kn-Es> out 3/4 30.75 ....................... + 1.00

out 1 30.25 ....................... + 1.50 13:03

<szubaark> Shorts ES @ 1330 «« paper »» 13:05

<Kn-Es> out 2 30.75 ....................... + 1.00 13:06

<Andy> Covered Remainder ER2 Short @ 685.1 --> + 1.7 «« paper »»

<Kn-Es> out 1 30.75 ....................... + 1.00 13:08

rev 31.50 13:09

<startrader> This banjo string is about to break... 13:10

<Kn-Es> out 7/8 31.75 ........................ + .50

is not going anywhere -looks like

<Tim_a1> what do you mean by rev, kn?

<Kn-Es> fill 31.25 13:11

reverse

<Tim_a1> expecting a reverse at that price?

<Kn-Es> i am trying to be in trades back to back

nop

changed the traded at that price

<Tim_a1> ok 13:12

thks

<Kn-Es> traded---> trade

u welcome

<szubaark> Covered all Short ES at 1332.75 --> - 2.75 «« paper »» 13:13

Buys ES @ 1332.75 «« paper »»

<Kn-Es> out 1 32.75 ....................... + 1.50

out 1 33.25 ....................... + 2.00 13:14

<Tim_a1> you're pretty nimble

<Kn-Es> add 33.25 13:16

out 3/4 35.75 ....................... + 2.00 13:17

35.25

out 2 34.75 ........ +1.50

out 2 34.50 ........ +1.75 13:18

35.00

out 1 34.25 ........ +1.00 13:19

out last 33.25 33.75 ........ + .50 13:21

:( 13:22

s.l 30.25 13:23

revv 34.25 ( out lng 2.00)

<Andy> workout and errands...fun is over for the day...have a great weekend everyone

<Kn-Es> + 3.00

rev 35 13:25

at the top :( 13:26

out last 35.50 ........ + .50

not last

7/8

rev rev33.50 13:27

out 7/8 32.5 .................... +1.00 13:28

out 1 32.5 .................... +1.00 13:29

out 1 32 .................... + .5

out 1 30.50 .................... + 3.00 13:30

s/l 33.25

add 30.50 13:31

out 7/8 29.50 .................... +1.00 13:32

<silo> got USU at 8.72 13:34

3440 shares :P

quick daytrade

<Kn-Es> cool

<szubaark> :) 13:35

<silo> saw size coming in on the tape

let's see :P

<Kn-Es> rev 30.50 ( 0.00 + 4.00)

at the bottom :( 13:36

bad call

out 3/4 31 .................... + .5 13:37

out 1 32 .................... +1.50

out 2 13:38

out 1 31.50 .................... +1.00

somehow saved 13:39

out 1 31.50 .................... +1.00 13:40

rv 29.75 13:41

bottom again

out 3/4 29.5 .................... + .5

rev 30.75 13:43

reve 30.50 13:46

out 3/4 30 .................... + .5

out 2 29.50 .................... + 1.00

out 2 29.50 .................... + 1.00 13:47

rev 30.50

out 7/8 31.50 .................... + 1.00

out 2 32.50 .................... + 2.00 13:48

out 2 32.50 .................... + 2.00 13:49

3/4th

not 7/8

out 2 33.00 .................... + 2.50 13:52

huge resistance there at 33.50 13:53

rev add 31.75 13:55

no rev

<silo> oh yeah USU bids up at 8.99

<Kn-Es> out 7/8 32.75 .................... + 1.00

<silo> up 3.06% so far

:P 13:56

<Kn-Es> cool

out 1 33.75 .................... + 2.00

out 71 32.75 .................... + 1.00 13:58

1

should get back to 39 13:59

rev 31.75

out 7/8 30.75 .................... + 1.00 14:00

out 1 29.75 .................... + 2.00 14:02

out 1 30.75 .................... + 1.00 14:03

loosing strength 14:05

add 21.25 14:06

31.25

2 con

out 1 30.25 .................... + 1.00 14:07

<X> #FuturesTrades Info -> I am not trading today due to being away at a Ear Specialist appointment for one of my kids and I'll be off 3 trading days next week for tax preparation reasons. 14:08

<Kn-Es> out last 31.25 29.25 .................... + 2.00 14:09

<silo> you're quite the little scalper :P

<Kn-Es> do we have another choice? 14:10

addd 33.50

<silo> :D

<Kn-Es> its stuck between 33.50 and 29.50

30.50 14:12

30.50 14:13

out 7/8 30.50 30.00 ...+0.50

out 1 30.50 29.00 .................... + 1.50 14:14

out 1 30.50 29.50 .................... + 1.00

rev 30 14:17

* NihabaAshi_away is now known as NihabaAshi

<Kn-Es> out long (+.5 + 1.75)

<NihabaAshi> Good afternoon all...I'm back :)

Toddler is resting (asleep) after his ear surgery...everything went very well. 14:18

<Kn-Es> out 1 3/4 .................... + 1.00

out 1 2 32 .................... + 2.00

hello NihaBaAshi 14:19

<NihabaAshi> Hope trading is going well and I'm opening up my charts to take a peek at the market action even though I'm not trading today due to all the personal stuff at the hospital.

<Kn-Es> out 2 31.50 .................... + 1.50

<NihabaAshi> I tell ya...listening to your kid scream like that is heart wrenching :( 14:20

<silo> what happened

<NihabaAshi> He had some bad ear infections due to a seal area that's suppose to be an opening. 14:21

<Kn-Es> <Kn-Es> out long (+.5 + 1.75) .......out short

<silo> :\ 14:22

<NihabaAshi> All is well know and they say he'll have normal equilibrium, normal hearing et cetera.

<Kn-Es> out 1 31 .................... + 1.00

<NihabaAshi> Looks like Kn-Es is very active today :) 14:23

<Kn-Es> just bored with no price directions :)

<lumenPharmer> glad things went well Niha :)

<Tim_a1> it's a day for nimble scalpers, and nobody else

glad your son's ok 14:24

<Kn-Es> rev 31

<Kn-Es> out lng (+1.00)

<Kn-Es> out 3/4 30.00 (.....+1.00) out 2 29.50 (......+1.50) out 2 29.00 (.......+2.00) out 1 29.00 (.......+1.00)

<Kn-Es> rev 30.50

<Kn-Es> rev 30.50

<Kn-Es> rev 32

<Kn-Es> out 3/4 31.50 (.....+ 1.00) out 2 32 (......+ 1.50) out 1 31.50 (.......+ 1.00) out 1 32.50 (.......+ 2.00) out 1 33.50 (.......+ 3.00)

<silo> niha yo uknow a good forex broker? 14:52

<Kn-Es> none......look for this borker

:)

<NihabaAshi> silo...this link may help. 14:53

http://www.fxstreet.com/brokers/forex-br okers/

<Kn-Es> rev 33.50 14:55

rev 34.50

nop 14:56

33.50

out 7/8 34.50 ........+1.00

<szubaark> exit stop moved to breakeven ES @ 1332.75 «« paper »»

<Kn-Es> out 2 35 ........+1.50

<NihabaAshi> I recently moved my forex account from CMS to consolidate my forext accounts under Saxo Bank 14:57

<Kn-Es> out 2 34.50 ........+1.00

<NihabaAshi> I have a few pals that don't like Saxo but I like them :)

<silo> how's IB? 14:58

it seems to have really low spread

<Kn-Es> rev 33.50 14:59

out 7/8 32.50 .................+ 1.00 15:00

<robert> Shorts ES @ 34.75

Covered all ES Short @ 33.75 --> + 1

<szubaark> Exited all Long ES at 1332.75 --> 0 «« paper »» 15:01

<Kn-Es> out 1 32.50 .................+ 1.00 15:07

out 1 31.00 .................+ 2.50 15:10

s.l 33.50 15:11

out 1 29.50 .................+ 4.00 15:12

<robert> wtg kn 15:13

<Kn-Es> tp... 24.50 (+9.00) s/l 31 (+1.50)

last con for the day

s.l 33.50 (0.00) 15:14

need some space 15:15

out 1 27.50 .................+ 6.00 15:16

done

for the day

good trading to all, see u all tomorrow

<Tim_a1> wow 15:32

WRB Analysis

Learn More

<codehead> uh, yeah 15:34

whew

<Tim_a1> ppt? 15:39

<codehead> some bailout talk, someone said 15:41

<Tim_a1> magically released at the critical may 2006 high level 15:43

pretty goo timing ;)

<codehead> yeah, and right after support finally gave way, to make for wicked headfake 15:44

<Tim_a1> if that's not rigged, what is? 15:45

<codehead> thought about taken a trade long on YM when in broke down then stalled, but i woulda been out with 20 ticks and watching it go to the moon anyway--lol

did get a couple stock scalps in tho

getting a little pop on IB margin call time 15:46

whew

<Tim_a1> id love to have been one of the buddies tipped ahead of that 15:49

<ItalianSharp> anyone uses TS here?

did you experience a freeze on the nasty upspike?

<pdays> yup

<ItalianSharp> how long did the freeze last? 15:50

<pdays> 10-15 seconds 15:51

<ItalianSharp> 2-3 minutes here 15:52

TS sucks when volume spikes

<codehead> 200+ point bounce in YM 15:55

nasty squeeze

+243, woof 15:56

<Tim_a1> man, i've really been knocked around this week 15:57

<codehead> i got up late and groggy, entered Ym too early, took a small gain and a bigger stop out, bought back 12173 and got myself back to +25 ticks 16:05

knew darn well to keep buying that level till it failed, obviously buyers protecting

but the breakdown--expected it to maybe get back to 12200, but wow 16:06

some damage done to people trying to short that pop

DNA approved 16:07

<Tim_a1> i relearned a past lesson 'sont short spikes'

dont

thought there's be resistence at 43, but those things never have ANY resistence 16:08

<codehead> the good trades lately have been when up moves stall, as long as they haven't broken a major trend of course

cuz the down moves have been quick

but i've been scalping long, have to admit

we had almost 2 complete days of near-perfect downtrend

<Tim_a1> i've really been 'off' this week, in addition to it being a tough week 16:09

<codehead> it has been tough, yeah

i've been trading light

1 contract YM, 15-20 ticks scalps

DNA should pop, help market monday i guess 16:10

<Tim_a1> that was more than a little technically convinient, the 1325 level on the spx was the may 2006 high, a critical level. this spike jammed from that level up over the 200ms on the 60 minute chart, what had been resistence all through this chop for the last week 16:11

200 ma

<Brutus> ============ U.S. MARKETS ACTION =========== 16:13

DJIA up 6.60 points to 12290.90

NASDAQ down 12.29 points to 2287.49

S&P 500 up 0.94 points to 1343.47

10-year T-note dwon 5/32 at 97 16/32 yield 3.803

NYMEX Spot Crude up $0.58 at $ 98.81/bbl at close

Dollar/Euro up 0.0014 at 1.4826

http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={7acb2 24b-be01-44d3-a56f-cb371779e853}

<Tim_a1> over the 20 ma too 16:14

<X> #FuturesTrades Info -> I am not trading today due to being away at a Ear Specialist appointment for one of my kids and I'll be off 3 trading days next week for tax preparation reasons.

<codehead> DNA open 16:36

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