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#FuturesTrades March 20th Thursday 2008 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+14.00	+281.30	+1049.80
$1,400	$28,130	$104,980

Profitable Trade

1004am - 1016am est

Losing Trade

1523pm - 1527pm 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: Thu Mar 20 09:24:29 2008Session Ident: #futurestrades

* Now talking in #futurestrades 09:24

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

<NihabaAshi> Good morning all 09:28

<rickf> gm niha

<T-stop> gm

<futurible> GM ALL

<werner> gm

<Spartan_Away> gm 09:29

<Pat> gm all

<PapaJon> gm all 09:30

<NihabaAshi> Anybody having problems with their data of Eurex Futures (DAX and DJ EuroStoxx50) 09:31

???

I am :(

<Pat> eur nainehking f wor 09:32

sorry

<NihabaAshi> Gold still selling off

<Pat> eur k here

big time

<futurible> data from IB is ok in DAX and Eurostoxx50

<silo> i have no dax data right now 09:33

and er2 is not moving for some reason

<Pepe> I have no DAX :(

<Spartan_Away> Long ES @ 1302.25 «« paper »»

<rickf> dax frozen here

<Pepe> Silo do yuz have DAX March or June?

<Spartan_Away> Exited all ES Long @ 1300.25 --> - 2 «« paper »» 09:34

<futurible> I have data DAX june

<Spartan_Away> Shorts ES @ 1301.50 «« paper »» 09:35

* Spartan_Away is now known as Spartan

<NihabaAshi> Shorts ER2 @ 666.80 -> small size

<silo> none of my futures are moving much

<NihabaAshi> intuition trade 09:36

Don't have all my key markets due to data vendor problems

<silo> you guys see futures moving?

mine is not

or do i need to change er2h08 to something else today?

<rickf> es and er are fine here

(open ecry)

<NihabaAshi> silo...I'm have very limited data

ER2, ES, NQ, EMD and $SOX are the only things working on my platform :( 09:37

I had plans on going back to normal trading today...

<rickf> :(

<NihabaAshi> Data problems will keep me small size only today :( 09:38

<rickf> exit 1/2 es 1299 +2

<trendpimp> gm 09:39

<eminitrader> Long ES @ 1298.50

<Spartan> Covered all ES Short @ 1298.50 --> + 3 «« paper »» 09:40

<NihabaAshi> Covered all ER2 Short @ 666.40 --> + 0.4

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)

<Pat> hi ersm N trend & othe 09:41

<eminitrader> Exited all ES Long @ 1298.50 --> 0

<szubaark> Buys ES @ 1297 «« paper »» 09:42

<Pat> y looks no omph..em

<rickf> exit remainder es 1297 +4

<eminitrader> nice r

<rickf> thx em

<NihabaAshi> Be back later...I don't trade well when I'm frustrated due to data problems.

<robert> Long ES @ 97 «« paper »» 09:43

* NihabaAshi is now known as NihabaAshi_away

<eminitrader> looks like its way oversold..the ES 09:45

the ES needs to release some of this pressure .. 09:46

<Spartan> Shorts ES @ 1299.50 «« paper »» 09:48

<eminitrader> Long ES @ 1298 09:51

<rickf> short es 1298.50

<szubaark> we got some 10 AM News reports coming

<eminitrader> Exited 1/2 ES Long @ 1300 --> + 2 09:52

<Spartan> Covered all ES Short @ 1300.75 --> - 1.25 «« paper »»

<szubaark> Exited all Long ES at 1301.75 --> + 4.75 «« paper »» 09:53

<eminitrader> Exited 1/3 ES Long @ 1302 --> + 4

<Spartan> nice one suz

<szubaark> thanks

<rickf> exit es 1301 -2.5

<eminitrader> nice going szu

<rickf> vn szu em 09:54

<KN-ES> Long ES @ 1300.75

<eminitrader> thx r

<szubaark> u too

<rickf> long es 1301.75

<eminitrader> :)

<Spartan> looks like the pressure is being released eminitrader

<eminitrader> keep in mind though ..i expect a downmove ...but just not from these levels.. 09:55

or i am not comfortable selling at these levels..

now this is better put 09:56

<Spartan> Long ES @ 1301.50 «« paper »»

well put, I wished I would have had that mind frame on my last trade 09:57

<eminitrader> specially after u had a profitable short ...but hey that happens :)

<KN-ES> s.l. 1298.75

<eminitrader> not to worry still a long day ..

<rickf> followed by long weekend :) 09:58

exit 1/2 es 1303.75 +2

<Spartan> Exited all ES Long @ 1303.5 --> + 2 «« paper »» 09:59

darn, should of held 10:00

<robert> Exited all ES Long @ 08 --> - 89 «« paper »» 10:01

<eminitrader> Exited Remainder ES Long @ 1309 --> + 11

<Spartan> :(

<rickf> exit remainder es 1308.75 +7

<robert> +11

<Spartan> nice em and rick

<eminitrader> nice long guys :))

<rickf> thx spartan

yup

<robert> ;-)

<KN-ES> Exited 1/2 ES Long @ 1308 --> + 7.25

* NihabaAshi_away is now known as NihabaAshi 10:02

<rickf> if i hadnt exited 1/2 my es long at 959 it'd have gone against me - murphy's alws of trading :) 10:03

<Pat> vuys em kn wtgn g 10:04

<rickf> short es 1310.50

<NihabaAshi> Shorts ER2 @ 672.30 -> large size

<rickf> exit 1/2 es 1308.50 +2 10:06

hld 2 10:07

<NihabaAshi> Covered 2/3 ER2 Short @ 670.20 --> + 2.1 10:09

<Spartan> Long ES @ 1307.75 «« paper »» 10:10

<rickf> exit remainder es 1307.50 +3

short es 1306.75 10:12

dax still frozen :(

<Spartan> Exited all ES Long @ 1305.75 --> - 2 «« paper »» 10:13

Long ES @ 1307 «« paper »» 10:14

<NihabaAshi> Covered Remainder ER2 Short @ 671.20 --> + 1.1 10:16

<rickf> exit es long 1308 -1.75

short es 1308.25 10:19

small size

<Spartan> Exited all ES Long @ 1310 --> + 3 «« paper »» 10:23

<pdays> Long ER2 @ 671.1

Exited all ER2 Long @ 672.2 --> + 1.1

<rickf> short es 1311.25 add 10:24

<KN-ES> Exited 2C ES Long @ 1310.75 --> + 10

<rickf> vn kn

<szubaark> Shorts ES @ 1310.50 «« paper »»

<KN-ES> thanks rickf 10:25

<rickf> exit 1/2 es 1310 +0 10:26

<NihabaAshi> Shorts ER2 @ 672.10 -> small size 10:27

intuition only

<silo> everyone helping each other? :P

<rickf> exit remainder es 1309.75 +.25 10:28

lucky save

<NihabaAshi> Kepted my size small because I was "chasing" the price down. 10:29

Simply, I could have gotten a much better entry price.

My entry reduces my reward potential

Covered ER2 Short @ 670.90 --> + 1.2 10:30

<szubaark> Nice Niha. 10:31

<silo> tough area to short though... we're at a resistance from premarket hours 10:32

<NihabaAshi> Yeah...I'm expecting a good fight up here in this price area between Longs and Shorts. 10:33

possibly some pin ball machine price action :(

<V_trader> Shorts YM @ 12215 -> small size 10:40

Covered 1/2 YM Short @ 12205 --> + 10 10:41

exit stop moved to breakeven YM @ 12215

exit stop lowered YM @ 12195 10:42

Covered 1/2 YM Short @ 12189 --> + 26 10:43

Trailing Stop Hit YM @ 12195 --> + 20

<Spartan> Long ES @ 1311 «« paper »» 10:46

dax leading this move 10:49

<KN-ES> yes

and its very liquid today, rollover i guess 10:50

<Spartan> Exited all ES Long @ 1313 --> + 2 «« paper »» 10:55

got frustrated with that one

<szubaark> geez another Creeper trend 10:57

<NihabaAshi> Spartan...who's your data provider for the DAX ???

<Spartan> zen-fire

<NihabaAshi> Is there a website link for that ???

<Spartan> give me a sec 10:58

find u one

could not find a website only for Zen-fire 11:01

here is link to my broker page

http://www.mirusfutures.com/futures_brok er_company_zenfire.htm

<sb> mirus and amp trading both use zen-fire

<Spartan> It talks about it a little 11:02

very reliable for me

also, I get dax,cl,zb,gc,er2,es,nq,ym data for no charge

static data in price ladder too 11:03

I think the connection is MUCH better than IB's 11:04

<KN-ES> add 1314 11:06

<Spartan> I can also use ninjatrader with zen-fire/mirus :) 11:07

<KN-ES> Exited 1/4 ES Long @ 1314 --> + 13.25

<robert> wtg kn 11:08

<Spartan> I envy kn

<KN-ES> :)

got a very bad fill this morning ... placed market oreder at 1298.50 got filled at 1300.75

<szubaark> nice kn 11:09

<KN-ES> thanks

Exited 2C ES Long @ 1312.75 --> + 12 11:16

<X> #FuturesTrades Info -> No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended without their permission. More info at www.thestrategylab.com/FuturesTradesChat Room.htm 11:17

<Spartan> Long ES @ 1314 «« paper »» 11:20

<KN-ES> Exited 2C ES Long @ 1316.25 --> + 15.5 11:25

<Spartan> Exited all ES Long @ 1316 --> + 2 «« paper »»

<KN-ES> out all(-5) 1314 1316.25 + 2.25

<NihabaAshi> Spartan...thanks for the info. 11:27

<Spartan> no problem, hope it helps 11:29

thanks for the chat room

<rickf> my yen-euro cross trades are going well today

wish i had shorted gold yesterday morning :( 11:30

<KN-ES> sell limit to exit ES long @ 1300.75 11:32

0.00

& - 14.25

out 2 1314 1315.25 + 1.00 11:34

<Spartan> Shorts ES @ 1315 «« paper »»

<KN-ES> +1.25 11:35

<Spartan> quicky if it works

<KN-ES> should see 13.50 again

<Spartan> Covered all ES Short @ 1313.75 --> + 1.25 «« paper »» 11:36

good call kn

<KN-ES> :) 11:37

8.75 next if breaks 11:38

<Spartan> Long ES @ 1313.5 «« paper »» 11:39

<rickf> short es 1313 11:40

<Nesi> Shorts ER2 @ 675.20 11:42

<Spartan> Exited all ES Long @ 1311.5 --> - 2 «« paper »» 11:46

<Nesi> Shorts ER2 @ 674.20 -> Add 11:47

<rickf> exit 1/2 es 1310.50 +2.5

<KN-ES> should see 11.75 again 11:49

<Nesi> Covered all ER2 Short @ 672.90 --> + 3.6 11:50

<KN-ES> trend is changing, mostlikely getting ready for a big drop

<Spartan> 1308.75 like kn said 11:51

wish I would have listened

<KN-ES> if we have a spike say touching 7.00 then we are going up, if not its going down 11:53

<Spartan> Shorts ES @ 1308.75 «« paper »» 11:59

Covered all ES Short @ 1310.75 --> - 2 «« paper »» 12:00

got ran over

Long ES @ 1310.50 «« paper »»

<KN-ES> thats 11.75

should see 22.50 in next 30 min if there is no WRB in between 12:03

<Spartan> exit stop set ES @ 1313.5 «« paper »» 12:07

Exited all ES Long @ 1313.50 --> + 3 «« paper »» 12:08

<KN-ES> nice trade Spartan

Exited 2C ES Long @ 1314 --> + 13.25 12:09

Exited 2C ES Long @ 1313 --> + 12.25

Exited 2C ES Long @ 1312 --> + 11.25

<szubaark> nice KN 12:10

<Spartan> Shorts ES @ 1311.50 «« paper »»

<KN-ES> exited all 14 14 0.00

h 4

<V_trader> Shorts YM @ 12217 -> large size

<KN-ES> thanks szubaark 12:11

add 1310.50

<V_trader> Covered 2/3 YM Short @ 12207 --> + 10

exit stop moved to breakeven YM @ 12217

<Troff> kind of wild action on the ym, mostly sitting on hands now 12:12

<KN-ES> out all (-5) 10.50 11.50 .......... + 1.00 12:14

<trendpimp> choppy on ym now

deadzone

<Troff> nq range bound too 12:15

<trendpimp> today is just all rangebound mostly

<Spartan> Covered all ES Short @ 1312.5 --> - 1 «« paper »» 12:16

<rickf> exit es 1312 +1

<KN-ES> out 1 10.50 13.50 .......... + 3.00 12:17

<Spartan> Long ES @ 1313 «« paper »» 12:19

<KN-ES> out 1 10.50 12.50 .......... + 2.00 12:21

* codehead_afk is now known as codehead 12:22

<Spartan> Exited all ES Long @ 1311 --> - 2 «« paper »»

Shorts ES @ 1311 «« paper »» 12:23

<V_trader> Covered Remainder YM Short @ 12217 --> 0 12:25

late

<szubaark> Looking more and more like we going to re-test lows 12:28

<KN-ES> 7.00 12:29

should see

need a spike, profit taking spike :)

<szubaark> Prices bouncing around major moving averages right now 12:30

<KN-ES> kind of lost

no idea

<bern_> remember, today is options expiration: that maybe could explain it 12:31

<Spartan> dax making my es short nervous

<KN-ES> if dax gets bounced from 6407 and es is still within 12, thats a trend change 12:33

<szubaark> KN here comes your Spike 12:34

<KN-ES> lets see if it can hold 7 12:36

<szubaark> they only retraced to 1317, showing how weak this is 12:38

<Spartan> Covered all ES Short @ 1307 --> + 4 «« paper »»

market made me work hard for that one 12:39

<KN-ES> cool

<szubaark> nice Spartan 12:40

<KN-ES> 10.50 is like a pivot

<Spartan> thanks szu 12:43

Long ES @ 1309 «« paper »» 12:49

<KN-ES> 10.50 12:50

<Spartan> hoping dax pops soon 12:51

<KN-ES> add 10.00 12:52

<Troff> chop chop

<Spartan> Exited all ES Long @ 1310.75 --> + 1.75 «« paper »» 12:56

<KN-ES> 6407... need a HH in dax 12:57

<Spartan> Long ES @ 1311.25 «« paper »» 12:58

Exited all ES Long @ 1309.25 --> - 2 «« paper »» 13:00

<KN-ES> 8.75 again 13:01

<Spartan> Shorts ES @ 1309.25 «« paper »»

Covered all ES Short @ 1310.75 --> - 1.5 «« paper »» 13:02

Long ES @ 1312 «« paper »» 13:03

<KN-ES> 6407

and .....nop 13:04

<szubaark> just chop, no clue which way its gonna go

<KN-ES> its a great market for scalping 7.00 --- 8.75 ---- 10.50 ---- 11.75 13:06

<szubaark> Covered all Short ES at 1310.75 --> - 0.25 «« paper »» 13:09

cant watch this anymore.. 13:10

* szubaark is now known as szubaark_away

<Spartan> Exited all ES Long @ 1310 --> - 2 «« paper »»

<trendpimp> thats what u do KN, so should be another awesome day for u 13:11

im falling asleep on my table here, lol

<KN-ES> :0 13:12

:)

<trendpimp> Anyone in here would actually trade the YM between these lousy crud ranges? lol

<KN-ES> humm 13:13

<Spartan> Shorts ES @ 1309.5 «« paper »» 13:15

<KN-ES> ym long 2193

96 13:16

s.l 86

3 con

<trendpimp> i dont think anyone can make $ imn this kinda choppiness

<KN-ES> out 1 2206 + 10.00 13:17

<trendpimp> nm... HAHAHA

<Spartan> yea, I need to learn when to stay out

<KN-ES> out 1 2208 + 12.00 13:18

lets see with the last con , how far it goes 13:19

atleast it not a loosing trade anymore

its

<Spartan> Covered all ES Short @ 1311.50 --> - 2 «« paper »» 13:21

:(

<KN-ES> out LAST 2217 + 25.00

so, 47 points

<Spartan> Long ES @ 1312 «« paper »» 13:22

<KN-ES> short YM 2218

s.l 28

<X> #FuturesTrades Info -> No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended without their permission. More info at www.thestrategylab.com/FuturesTradesChat Room.htm 13:23

<trendpimp> whats ur target, KN? 13:25

<KN-ES> 3 con , so since price is not moving i will take out first 2 with 5 ticks 13:26

that will make the trade atleast b/e

and hit

<trendpimp> didnt work

<KN-ES> so still 17 ticks up ......... works for me 13:27

:)

<trendpimp> you got in at 2218, stop at 12228, how can that still workout for u?

<KN-ES> first trade +47

next -30

- commission 13:28

still + side

<trendpimp> how did u get +47? never even went down tho?

u said u shorted at 2218, it went up from there

<KN-ES> [12:17:03] <KN-ES> out 1 2206 + 10.00

[12:17:22] <trendpimp> nm... HAHAHA

[12:17:36] <Spartan> yea, I need to learn when to stay out

[12:17:56] <KN-ES> out 1 2208 + 12.00

[12:19:23] <KN-ES> lets see with the last con , how far it goes

[12:19:30] <KN-ES> atleast it not a loosing trade anymore

[12:19:38] <KN-ES> its

[12:21:01] <Spartan> Covered all ES Short @ 1311.50 --> - 2 «« paper »»

[12:21:06] <Spartan> :( 13:29

[12:21:20] <KN-ES> out LAST 2217 + 25.00

<Andy> Shorts ER2 @ 672.5 «« paper »»

<KN-ES> out 1/2 10.50 13.50 ....... +3.00 13:30

out 1 10.50 15.50 ............... + 5.00 13:33

<Andy> Covered all ER2 Short @ 673.5 --> - 1 «« paper »»

Covered all ER2 Short @ 673.1 --> - 0.6 «« paper »»

<Spartan> exit stop set ES @ 1316 «« paper »» 13:37

<KN-ES> out 1 10.50 17.50 ............... + 7.00

<rickf> short es 1317.75 13:40

<Andy> Shorts ER2 @ 674.9 «« paper »» 13:42

<KN-ES> [12:30:29] <KN-ES> out 1/2 10.50 --> should be 10.00 13:43

<trendpimp> LONG ym @262

out 1 at 72 13:45

<Andy> Covered all ER2 Short @ 675.7 --> - 0.8 «« paper »»

<Spartan> exit stop set ES @ 1317 «« paper »» 13:46

<KN-ES> out LAST 10.50 18.50 ..... + 8.00 13:48

<Spartan> Exited all ES Long @ 1317 --> + 5 «« paper »» 13:50

<Andy> anybody's TS data acting strange? 13:51

<trendpimp> added ym @65 13:54

<Spartan> Long ES @ 1318.50 «« paper »» 14:00

<trendpimp> out 1 @ 283 14:02

<KN-ES> out 1 10.00 20.00 ..... + 10.00

<trendpimp> out 1 more @ 86 14:03

<Spartan> Exited all ES Long @ 1317.75 --> - 0.75 «« paper »» 14:13

got greedy:( 14:14

<NihabaAshi> Shorts ER2 @ 674.30 -> small size 14:21

2 only

another trade that goes against me as soon as I enter it today :( 14:22

Covered ER2 Short @ 675.30 --> - 1 14:24

O cam mpw get a better entry if it goes a little higher

Shorts ER2 @ 675.70 -> small size 14:26

<KN-ES> out 1 10.00 19.00 ..... + 9.00 14:27

<NihabaAshi> Oil and Gold wants to go higher 14:28

Covered ER2 Short @ 676.20 --> - 0.5 14:29

Long ER2 @ 676.30 -> small size

that was actually a position reversal 14:30

<KN-ES> out 1 10.00 22.50 ..... + 12.50 14:33

finally 22.50

27 should be next

<NihabaAshi> Exited ER2 Long @ 678.00 --> + 1.7

whoopie...gained a few ticks over those 3 trades. 14:34

:)

<trendpimp> 1 more out at 301

<NihabaAshi> By the way...reason why I was gone earlier for several hours today is because I was outside doing snow removal after the most recent snow storm 14:35

It's record breaker this winter - 525cm of snow 14:36

All in 4 months of winter

smashing like a 90 year old record

<trendpimp> out final cts at 314 14:37

+147

<KN-ES> nice trade trendpimp 14:38

<NihabaAshi> In feet...that's 17.2 feet of snow

<trendpimp> thanks, i like trends like this, anything else i get runned over

hence my name ^_~

<KN-ES> out 1 10.00 25.00 ..... + 15.00 14:39

<NihabaAshi> trend...its still trying to pimp higher :)

<KN-ES> h 1 (1310.00) 4 (1300.75)

<trendpimp> yea i know... but target is R1, at 341max, so i wanna get out earlier before that, im happy

stoch 89t was falling too when i got out 14:40

<Spartan> Shorts ES @ 1324.50 «« paper »» 14:41

<TaraTradingLLC> so we shpuld also short on paper? 14:42

<Spartan> Covered all ES Short @ 1323 --> + 1.5 «« paper »»

<trendpimp> failed, falling, at 304 now, retrace up to 325, then i might take a short scalp

<NihabaAshi> I'm above my profit target today although it was just initially 1.5k reduced to 1k due to the data problems that still persists. 14:44

I still don't have access to my Eurex, Euronext futures info nor to my CBOT data :( 14:45

Reason why I lower my profit target for the trading day down to 1k.

* TaraTradingLLC is now known as MarketDelta

<NihabaAshi> Anyways, I'm above that goal and will (as usual) go into profit protection mode.

Thus, 1 contract only for the remainder of the day. 14:46

As usual

<Spartan> Long ES @ 1323 «« paper »»

<NihabaAshi> Shorts ER2 @ 678.70 -> small size 14:49

<MarketDelta> can you guys post your targets and stops? 14:50

<NihabaAshi> Number one goal is to manage your trade...

<MarketDelta> well, so why you post?

<NihabaAshi> Many in here (not all) have already mention they standard stop or targets.

My is the same EVERY trading day.

<MarketDelta> ok, understand

<NihabaAshi> - 4 point hard stop 14:51

<MarketDelta> spartan, what is your standard target and stop?

<NihabaAshi> - 2 point mental stop

My hard stop is an emergency stop

Example, computer crashes in the middle of a trde

<Spartan> hold a sec

<MarketDelta> ok 14:52

<NihabaAshi> My profit target is a minimum of WRB pt1

Anything after that...I take what the market can give

Reason why I don't post the exact same target and stops each trade post.

It's the same

<KN-ES> :)

MarketDelta : ------ > here it goes ----------- > [09:32:03] <KN-ES> sell limit to exit ES long @ 1300.75 14:53

<NihabaAshi> Covered ER2 Short @ 679.60 --> - 0.9 14:54

Reverse and Enter Long ER2 @ 679.60

MarketDelta...

<KN-ES> out LAST 10.00 27.00 ..... + 17.00

<NihabaAshi> Also, this is not a signal calling room nor is mimicking of another trader trades allowed.

<Spartan> exit stop set ES @ 1325 «« paper »» 14:55

<NihabaAshi> I strongly do not believe in trade mirrowing someone's trades especially without their permission.

It's just blind trading.

<MarketDelta> so far I like sprtan

doesn't talk to much...:))

<Spartan> lucky day

<rickf> lol

<NihabaAshi> In addition, can't get the same fill

<MarketDelta> well, posting trades without purpouse of mirroring...it is ego problem 14:56

<rickf> short es 1326.75 small sz

<trendpimp> u know.. todays movement mostly crappy, then i realized tomarrrow is holiday, so today trades like friday which is usually sluggish n slow

<NihabaAshi> You might want to ask why traders post their trades.

Why they post their thoughts. 14:57

<Spartan> stop usually 2pt to start out with, move up as trade goes my way, no target set, although taking 2pts works for me,

<NihabaAshi> Why they are here.

<MarketDelta> to show, how they are good :)))

<NihabaAshi> Everybody has a different reason.

<MarketDelta> not other reason

<NihabaAshi> Incorrect

<MarketDelta> wow

<NihabaAshi> Do you see the auto message in here...

<MarketDelta> new theorie of ego

<NihabaAshi> I'll force it to view for you :)

Give me a second... 14:58

<MarketDelta> ok

<Spartan> Exited all ES Long @ 1325 --> + 2 «« paper »»

<NihabaAshi> #FuturesTrades Purpose -> No gurus here, no signal calling by a head trader and no intentions to educate. This room is being used as either a realtime trade journal of real (money) trades or simulator (paper) trades and to see what trades are being posted by others. Also, if you mimick the trades of others...it's at your own risk.

<KN-ES> Exited 1C ES Long @ 1326.00 --> + 25.25

<NihabaAshi> MarketDelta... 14:59

Many are here to document there trades and thougthts to add to their simulator trades or real trading broker statements.

You can't get that info from profit/los column in your statements. 15:00

Reason why you see some traders "talking to themselves" in here in the middle of a trade or from one trade to the next trade.

<Spartan> Long ES @ 1327 «« paper »»

<NihabaAshi> They can review their market thoughts of the past for any trading day.

Excellent feedback stuff

In contrast, I'm sure some are here for the ego trip. 15:01

Most aren't

Why are you here ???

Impress me :)

<trendpimp> ok, YM toppy here at R1 resistance

<MarketDelta> slowdown boy

<NihabaAshi> Market Delta...are you going to post any trades ??? 15:02

<MarketDelta> no reason

<Spartan> Exited all ES Long @ 1329 --> + 2 «« paper »»

<trendpimp> haha, you kicked him?

<rickf> sell es 1327 (add)

<NihabaAshi> Of course

<rickf> nice niha

<MarketDelta> ok

I will post 15:03

<trendpimp> funny sh**

<NihabaAshi> :)

<MarketDelta> when time comes

<NihabaAshi> Market...I'm in a good mood...it was just a temporarily KICK

<trendpimp> damn broke R1 =O

<NihabaAshi> You are welcome to lurk and not participate

Just be aware if you do...don't expect others to respond to your questions. 15:04

<MarketDelta> well, please be polite and change the subject :)

<trendpimp> wats the symbol for GOLD contract on ts?

<NihabaAshi> I'm getting much more than a WRB pt1 on this current Long 15:05

<Pepe> GC - gold

<NihabaAshi> May get a little "lucky" if Oil and Gold can move a little higher

My Eurex and Euronext futures data is still down :(

Trading with one eye open without that info :( 15:06

<trendpimp> so it's "@GCM08" ?

<rickf> i know....no dax sux :(

exit 1/s es 1328 +0 breakeven 15:07

hld 2

<NihabaAshi> Exited ER2 Long @ 680.10 --> + 0.5 15:08

<rickf> weird action for quad witch day

<NihabaAshi> :(

<KN-ES> Exited 1C ES Long @ 27.95 --> - 1272.8

nop

<NihabaAshi> Usually the best price action for Quad week is the first few trading days of the week.

<KN-ES> Exited 1C ES Long @ 1327.75 --> + 27 15:09

h2 tp1 30.75+- tp2 33.75+-

<rickf> hrm.....can't remember such a 'smooth' day on the ES in a long time.

tradable, but smooth imho

<KN-ES> s.l. 1310.75 15:10

+ 10.00

<rickf> exit remainder es 1328 breakeven

<NihabaAshi> Long ER2 @ 681.20 -> small size 15:11

intution trade

About 45 mins away from rush hour traffic 4pm est 15:12

pin ball machine price action 15:14

If ER2 moves higher...looks like a shallow WRB pt1 target :(

<MarketDelta> MARKET INTERNALS UPDATE AT 2:00PMET 15:15

- NASDAQ volume 1.78B shares, about 30% above its six-month average; advancers lead decliners by 1.6:1.

- Note today is options expiration

<NihabaAshi> Interesting...thanks

Losing my patience on this trade 15:17

<trendpimp> long ym@ 357, out 350, -7 15:18

<NihabaAshi> Exited ER2 Long @ 680.80 --> - 0.4 15:20

Patience gone

<trendpimp> long ym @ 356 again

<NihabaAshi> volatility contracting fast 15:21

Expecting a volatility spike here soon (up or down).

<KN-ES> Exited 1C ES Long @ 1331.75 --> + 31

<trendpimp> out 375, +19 pts

<KN-ES> s.l. 1320.75 (+ 20.00) 15:22

<MarketDelta> nice KN 15:23

<NihabaAshi> Long ER2 @ 681.40 -> small size

<KN-ES> Thanks MarketDelta

<NihabaAshi> That long upper shadow several intervals ago is a pain in the butt. 15:24

Reminder: Password will be activated on April 1st 2008 15:25

<MarketDelta> what is a password?

<NihabaAshi> If you aren't register member...you won't be able to log in.

<trendpimp> short ym @ 354 15:26

<NihabaAshi> MD...follow the instructions at http://www.thestrategylab.com/FuturesTra desChatRoom.htm

volatility spike

<trendpimp> exit 338, +16 15:27

<NihabaAshi> Exited ER2 Long @ 679.90 --> - 1.5

Reverse and Enter Short ER2 @ 679.90

<trendpimp> breaking down further, darn it, shouldve held longer

<KN-ES> either 20 or 34, need a hit either way 15:29

<X> #FuturesTrades Info -> No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended without their permission. More info at www.thestrategylab.com/FuturesTradesChat Room.htm

<KN-ES> 5 hrs, in a trade, too long for me

<NihabaAshi> :)

That's good patience 15:30

<KN-ES> and it stoped me taking all the shorts, not even a single short today

:)

<NihabaAshi> Yeah...I was a little bullish today but missed two excellent Long opprtunities around 0945am and 1239pm est due to personal stuff (snow removal so the spouse can leave). 15:32

Other than that, what I've traded was good enough...

It has me above my profit goal for the day.

volatility spike down again 15:33

<KN-ES> I really do like to see ES to hit 20 :)

<NihabaAshi> pin ball machine price action

Just lost my $SOX, Gold, Oil and EuroFX data :( 15:34

Now I'm trading with both eyes closed :( 15:35

<MarketDelta> 1319.25 safer

<NihabaAshi> Covered ER2 Short @ 677.90 --> + 2

Have no choice...can't manage ER2 properly all by itself. 15:36

Any MetaStock or CQG users in here ??? 15:42

<trendpimp> im done today, thanks everyone, cya monday 15:43

<NihabaAshi> Enjoy the weekend 15:44

<trendpimp> will do, u 2

<NihabaAshi> Any OpenEcry users in here ??? 15:45

<rickf> yep

<NihabaAshi> Any problems recently with them ???

<MarketDelta> I'm on X-Trader

no issues with data feed 15:46

<rickf> i have had periodic (very periodic) disconnects and data problems today

WRB Analysis

Learn More

<MarketDelta> also IGFeed works fine

<rickf> nothing that worried me

<MarketDelta> IQFeed

<NihabaAshi> MarketDelta...I too have X-Trader

<rickf> tho there are a ton of folks on ET saying there are major problems they're experiencing

<NihabaAshi> I'm also with RJO and Global

<MarketDelta> Advantage Futures

<NihabaAshi> I have Velocity via X-Trader

<MarketDelta> also have account with them 15:47

but Advantge cheaper

<NihabaAshi> I'm looking to replace Global with either OpenEcry, Infinity AT, Ampfutures or CGQ Trader

<rickf> I have been very impressed with OEC's platform.

<NihabaAshi> rickf...do you or can yo do position reversals with OpenEcry with a single click of the button ??? 15:48

<rickf> but then again, having come from a web-based broker, ANY dedcated software is a major improvement :)

niha -- yes

via DOM

<NihabaAshi> Thanks

<rickf> np

<NihabaAshi> I've been putting off this broker search for a few months... 15:49

time for me to get this resolve.

Especially now that I have a few soliciting me to be advertisers at my website.

Only want an advertiser I actually use

<rickf> Using OEC for futures, OXPS for backup futures, options, and equities 15:50

<futurible> Niha,in IB is possible with a single click position reversals.

<NihabaAshi> I had IB once and here's my experience

<MarketDelta> in Ninja it is possible

<NihabaAshi> My first trade with IB was a 12 contract ES trade

It went 1.5 points in my favor and reached my WRB pt1 target 15:51

I tried to exit...couldn't.

It then retraced during a power move

Soon I was down -10 points per contract :(

Then it went further against me. 15:52

My -4 point stop not honored :(

Used IB once and never again

Couldn't pay me to go back to them

I'm going to park this month's profits with someone... 15:58

gotta few days left before April 1st

<rickf> k all - have a good evening, see you tomorrow or next week 15:59

<NihabaAshi> Easter Weekend 16:00

<KN-ES> Exited Remainder ES Long @ 1325.75 --> + 25 16:01

<NihabaAshi> sweet 16:02

<KN-ES> done for the day

thanks NihabaAshi

<NihabaAshi> Take care KN-ES...enjoy the big weekend break

<KN-ES> you too

be back on tuesday :)

<NihabaAshi> Take care all and have a safe weekend. 16:21

See all on Tuesday

Special thanks to those that posted at least one trade today or participated at least once in a market discussion 16:22

:)

* NihabaAshi is now known as NihabaAshi_away

<werner> gn all 16:39

<X> #FuturesTrades Info -> No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended without their permission. More info at www.thestrategylab.com/FuturesTradesChat Room.htm 17:32

* codehead is now known as codehead_afk 21:24

* DisconnectedSession Close: Thu Mar 20 22:34:57 2008 22:34

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