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#FuturesTrades March 25th Tuesday 2008 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+13.80	+295.10	+1063.60
$1,380	$29,510	$106,360

Profitable Trade

0936am - 0945am est

Losing Trade

1411pm - 1415am 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: Tue Mar 25 09:17:12 2008Session Ident: #futurestrades

* Now talking in #futurestrades 09:17

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

<eminitrader> Exited 1/3 ES Long @ 1353 --> + 2

<NihabaAshi> Goo morning all

<silo> morning nini 09:18

<Bambam-77> consumer conf at 10 est

<anglo> gm

<Pat> gm N em & others

<T-stop> gm all

<Andy> gm 09:19

<MarketDelta> gm

<futurible> gm all 09:20

<Bambam-77> looking for re test of hi 09:21

<MarketDelta> bigger chance of retest lows first 09:22

<rickf> gm

<werner> gm all 09:23

<Bambam-77> current pos is long at 50.25 09:24

<PrinceProll> trin-nyse 09:25

<Bambam-77> 3 lots 1 off at 1.25 and another at +2.5 runner left

break even + 09:26

<eminitrader> Exited Remainder ES Long @ 1351 --> 0 09:27

<Pat> vn em..good start

<PapaJon> gm all 09:28

<eminitrader> thx pat

<Bambam-77> 51 area has to hold or long toast

addg at 51.25 same stp 50.50 09:29

<drt> gm all 09:30

<Bambam-77> flat 09:31

<NihabaAshi> Oil and Gold bullish out of the gate 09:33

<szubaark> Buys ES @ 1348.75 «« paper »» 09:34

<robert> Long ES @ 48 «« paper »» 09:35

Exited all ES Long @ 50.25 --> + 2.25 09:36

<NihabaAshi> Long ER2 @ 698.90 -> medium size

<Nesi> Shorts ER2 @ 699.60 09:37

<szubaark> Exited all Long ES at 1350.75 --> + 2 «« paper »»

<Spartan> nice szu

<szubaark> thanks

<NihabaAshi> I had a chance to grab that Long @ 697.50 and hesitated too long :( 09:38

<eminitrader> Shorts ES @ 1352

<robert> Shorts ES @ 51.50

<Nesi> Shorts ER2 @ 701.00 -> Add 09:39

<nqcruiser> i am out on ES too

<MarketDelta> Short ES @ 1352.50

<NihabaAshi> Exited 3/4 ER2 Long @ 701.20 --> + 2.3

<szubaark> Nice Niha. 09:40

<robert> Shorts ES @ 53.50 -> Add

<Bambam-77> 55.50 would be nice trgt then 57 area 09:41

<eminitrader> Shorts ES @ 1354 -> Add

Shorts ES @ 1355.50 -> Add 09:42

<nqcruiser> my shorts on ES not working

<MarketDelta> Exited ES @ 1356.50 --> -4

<Bambam-77> we have p&F res at the 57 area 09:43

<robert> Shorts ES @ 56 -> Add

<Bambam-77> protect longs

<eminitrader> yep bb heavy res that area

<nqcruiser> 57 gr8 place to short 09:44

<Bambam-77> lets see if we have another leg up

for trgt

swing stp set at 52.75 area 09:45

<NihabaAshi> Exited Remainder ER2 Long @ 704.10 --> + 5.2

<nqcruiser> i am not ready with my system for realtime

<Pepe> very nice Niha 09:46

<futurible> vn Niha

<Nesi> Shorts ER2 @ 703.00 -> Add

<Andy> Shorts ER2 @ 703 «« paper »»

Covered 2/3 ER2 Short @ 702.6 --> + 0.4 «« paper »» 09:48

<robert> Covered 1/3 ES Short @ 53.25 --> + 2.75 09:49

<nqcruiser> short es

<Nesi> short YM 12545

<robert> Covered 1/3 ES Short @ 52.50 --> - 1

+1

<Andy> Covered Remainder ER2 Short @ 701.9 --> + 1.1 «« paper »»

<Spartan> Long ES @ 1352.75 «« paper »» 09:50

Exited all ES Long @ 1350.75 --> - 2 «« paper »» 09:51

<eminitrader> Covered 1/4 ES Short @ 1351 --> + 4.5 09:52

<szubaark> nice emini

<Nesi> Shorts ER2 @ 701.00 -> Add

<eminitrader> thx szu 09:53

Covered 1/4 ES Short @ 1349 --> + 3

<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

<robert> Covered Remainder ES Short @ 49.75 --> + 1.75 09:54

<Nesi> fwiw, i plan to let my shorts run till close, my hard stop for my er is 705.00 09:55

also my YM short from 13545

hard stop for YM 13545 fwiw

<Andy> consumer confidence in 4 min 09:56

<szubaark> Buys ES @ 1348.75 «« paper »»

<Nesi> thanx Andy

<Andy> np

<Spartan> must not be too confident 10:00

<eminitrader> Covered 1/4 ES Short @ 1343 --> + 9

<MarketDelta> *MAR CONSUMER CONFIDENCE: 64.5 V 73.5E 10:01

- Prior Consumer Confidence revised from 75.0 to 76.4

*JAN HOUSE PRICE INDEX M/M: -1.1% V -0.2% PRIOR

<robert> wtg emini

<eminitrader> thx r

<Nesi> Shorts ER2 @ 697.00 -> Add 10:02

<eminitrader> still hld 5

<Nesi> ugly day in the making..IMHO

<lumenPharmer> need to see what the bounce is like 10:04

if volume gets light they could walk it right back up

i hate end of the quarter ;) 10:05

<Nesi> so far no big bounce 10:06

so probably another drop in the making..imo

<eminitrader> SP 1344 supp area ...es strugling to hold around here 10:08

cld very well see a sizeable bounce off here

<lumenPharmer> or we flatline and everbody starts drinking way to early ;P 10:09

<fierce> perhaps a small triangle will form here

<Nesi> if we dont bounce soon, i feel another hard drop..imo 10:10

<lumenPharmer> they pulling us back into the chop, 700er,1351es,1820nq 10:16

<Nesi> like a magnet :)

<eminitrader> Shorts ES @ 1348 -> Add 10:17

<Andy> Shorts ER2 @ 699.8 «« paper »»

Covered 3/4 ER2 Short @ 699 --> + 0.8 «« paper »» 10:20

Covered Remainder ER2 Short @ 698.3 --> + 1.5 «« paper »» 10:21

<Nesi> nice Andy

<Andy> thanks Nesi

<eminitrader> Covered all ES Short @ 1348 --> + 4

<Spartan> Shorts ES @ 1347.75 «« paper »» 10:22

<eminitrader> Shorts ES @ 1348 10:24

<nqcruiser> eminitrader rocks

I have datafeed probs with iqfeed 10:25

and will dump them on monday

<lumenPharmer> anybody trade the Hang Seng mini's ever?

<rep1acs> i watched for a while, not even traded it

r u trading the hang seng ? 10:26

<nqcruiser> which market offers it hang send

is it on CmE

<lumenPharmer> they trade from 8-2 my time, hard to trade while the kids are awake

<rep1acs> i watched the big contract

it's really wild

<szubaark> Exited all Long ES at 1347.75 --> - 1 «« paper »» 10:27

<lumenPharmer> i think you can trade it trough IB

<szubaark> Shorts ES @ 1347.75 «« paper »»

<rep1acs> up and down 50ticks for fun

<lumenPharmer> on cme

yes rep1, crazy moves

<Nesi> i see no power so far.. 10:28

<eminitrader> yep ...but the good thing is its not wild...pa indicating a high probability of the dorection of the flow

Covered 2/3 ES Short @ 1345 --> + 3 10:29

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)

<Nesi> feels to me ES magnet is 1340 more probably..imo

<eminitrader> mid 30 if not lower i think

<szubaark> we also have Open gap from Yersturday

<eminitrader> thats true too szu and one more in the 1280 area :) 10:30

<Spartan2> got disconnected and it still shows I am here?

<Nesi> yes

<eminitrader> may not happen today ...but good to keep in mind :)

<Nesi> u here

<Bambam-77> es could come down to 1334 area 10:31

* Spartan2 is now known as Spartan

<nqcruiser> my ema's r cross down

so i expect a big move down

whether it happens or not

<Spartan> Shorts ES @ 1347.75 «« paper »»

from before

<eminitrader> SP next support 1327 area ...with gap fill @ 1324 ...good chance of the gap being filled

<nqcruiser> i am planning to short rallies

<Nesi> pressure on downside getting bigger now...imho 10:32

you can say i am biased today and that is not a good thing :/ 10:33

<nqcruiser> bearish / bullish?

<Nesi> bear

<Spartan> bear early, bull later possible 10:34

<lumenPharmer> it seems the mini hang seng, olny traded on hong kong futs exchange, so you need to use interactive B, bummer ;(

<Nesi> [09:55] <+Nesi> fwiw, i plan to let my shorts run till close, my hard stop for my er is 705.00

[09:55] <+Nesi> also my YM short from 13545

i stick to my guns

then again, i can change my mind too..but so far, nothing changed 10:35

<nqcruiser> emini what time was your initial short

the 1 where u booked 9 pts 10:36

<eminitrader> time ?

<Spartan> hang seng is like er2 on crack cocaine

scares me personally

<nqcruiser> time in EST 10:37

<eminitrader> k ..here we go ..[09:38] <eminitrader> Shorts ES @ 1352

<Bambam-77> retest of low here

<eminitrader> good trading all...done for the day ..will hld the remaing till my targets r hit ..stop at b/e 10:38

<Nesi> nice emini

<lumenPharmer> lol spartan, its all good if you can get the fills you need

<Spartan> good trading emini, hope to be at your level someday

<lumenPharmer> i will talk with IB, and let u know how it goes 10:39

<Bambam-77> wtg mini i more of a swinger still holding ss and trailing last lot

<lumenPharmer> lets see if we get a lower low 10:41

<Bambam-77> stp taken out goal met done for the day

<nqcruiser> emini my system had a short at 9h42 at 57 10:42

but due to datafeed

i could not take it

<lumenPharmer> lol 8 bars to go down, 1 to go up, its hard to be a short with these jokers 10:44

<Spartan> Covered all ES Short @ 1347.75 --> 0 «« paper »» 10:45

:(

<szubaark> that was nasty spike 10:46

<Spartan> got greedy 10:47

<Andy> Shorts ER2 @ 701.4 «« paper »» 10:48

<Spartan> Long ES @ 1348 «« paper »» 10:49

<Andy> Covered 1/2 ER2 Short @ 700.5 --> + 0.9 «« paper »»

<nqcruiser> short ES 10:51

<Spartan> Exited all ES Long @ 1346 --> - 2 «« paper »» 10:53

<Andy> Covered Remainder ER2 Short @ 701.3 --> + 0.1 «« paper »»

<nqcruiser> we should re-test prior low at 43

<szubaark> maybe they want hit 1360 before down 10:54

<nqcruiser> out of short

<Andy> Shorts ER2 @ 701.6 «« paper »» 10:55

<Spartan> Long ES @ 1347.75 «« paper »»

<Andy> Shorts ER2 @ 701.7 «« paper »» 10:56

Covered 1/2 ER2 Short @ 700.9 --> + 0.8 «« paper »» 10:57

<Spartan> Exited all ES Long @ 1345.75 --> - 2 «« paper »»

<szubaark> pretty choppy here

<Spartan> Shorts ES @ 1347 «« paper »» 10:58

<Andy> Covered Remainder ER2 Short @ 701.5 --> + 0.2 «« paper »» 11:01

<szubaark> tough trading environment so far this week

<Spartan> Covered all ES Short @ 1349 --> - 2 «« paper »»

yeah, getting killed the last two days 11:02

need to re-examine my head

<szubaark> thats the thing, they change the game often 11:03

need to adjust with the quickness of a jet fighter pilot

Covered all Short ES at 1350 --> - 2.25 «« paper »» 11:04

Buys ES @ 1350 «« paper »»

<nqcruiser> i miss the long signal at 10:57 11:05

short ES

<szubaark> Exited all Long ES at 1349.50 --> - 0.5 «« paper »» 11:06

Shorts ES @ 1349.50 «« paper »»

<nqcruiser> plse go down to pappie 11:07

Zhu a nice long was at 57 but it didnt take it

<Spartan> Shorts ES @ 1349 «« paper »» 11:08

<szubaark> hopefully dumps from here 11:11

<Spartan> yea, see if I can get one to go my way today 11:12

<nqcruiser> i am out

<szubaark> yersturday we had a Brutal Creeper Uptrend and today this chop

<Spartan> digesting big down move that emini cleaned up on 11:13

Covered all ES Short @ 1351 --> - 2 «« paper »» 11:15

<pdays> Shorts ER2 @ 701.9 11:16

Covered all ER2 Short @ 700.4 --> + 1.5 11:17

<nqcruiser> short es

<V_trader> Shorts YM @ 12491 -> large size 11:18

<Spartan> Shorts ES @ 1348.50 «« paper »»

<V_trader> Covered 2/3 YM Short @ 12481 --> + 10 11:19

exit stop moved to breakeven YM @ 12491

<szubaark> Hopefully we get low of day test 11:20

<V_trader> Trailing Stop Hit YM @ 12491 --> 0 11:25

<Spartan> Covered all ES Short @ 1350.50 --> - 2 «« paper »» 11:27

<nqcruiser> Spartan i am long 11:29

<szubaark> [10:17] <nqcruiser> short es 11:30

thought u were Short?

<Spartan> market seems screwy right now 11:31

gonna go walk the dog

<KN-ES> Long ER2 @ 701.10 11:32

Exited 1/2 ER2 Long @ 701.40 --> + 0.3

Exited 1/4 ER2 Long @ 701.50 --> + 0.4 11:33

s.l 701.1 11:34

Exited 1C ER2 Long @ 701.70 --> + 0.6

Exited 2C ER2 Long @ 701.60 --> + 0.5 11:35

hit and out 0.00

Long ER2 @ 701 11:36

Exited 1/2 ER2 Long @ 701.60 --> + 0.6

Exited 2C ER2 Long @ 701.50 --> + 0.5 11:37

s.l 701

<Andy> Shorts ER2 @ 701.2 «« paper »»

<KN-ES> s.l 699.80

799.80

hit and out 0.00

nop 11:38

-0.20

<Andy> Covered 2/3 ER2 Short @ 700.4 --> + 0.8 «« paper »» 11:39

<KN-ES> Long ER2 @ 700.30

s.l 700.00 11:40

Exited 1/2 ER2 Long @ 700.80 --> + 0.5

hit and out 0.00 11:41

Long ER2 @ 700.10

s.l 699.60 11:42

Exited 1/2 ER2 Long @ 700.60 --> + 0.5

s.l 700.10 11:43

Exited 1/4 ER2 Long @ 700.70 --> + 0.6 11:44

h3

<V_trader> Shorts YM @ 12502 -> small size

<Andy> Covered Remainder ER2 Short @ 700.9 --> + 0.3 «« paper »» 11:45

<KN-ES> hit and out 0.00 11:46

<Andy> :(

<V_trader> Covered 1/2 YM Short @ 12902 --> - 400

Covered 1/2 YM Short @ 12492 --> + 10

<szubaark> Vtrader nice trades

<V_trader> exit stop moved to breakeven YM @ 12502 11:47

ty

<KN-ES> Long ER2 @ 699.50

Exited 1/2 ER2 Long @ 700.00 --> + 0.5 11:48

s.l 699

<brotherofjared> Short ER2 699.40 (paper) 11:49

<KN-ES> hit and out 0.00

-.5

<V_trader> Covered 1/2 YM Short @ 12482 --> + 20 11:50

exit stop lowered YM @ 12492

<KN-ES> Long ER2 @ 698.50 11:51

Exited 1/2 ER2 Long @ 699.20 --> + 0.7

s.l 698

<brotherofjared> Covered all ER2 @ 698.5 +.9 paper..:(

<V_trader> Trailing Stop Hit YM @ 12492 --> + 10

<KN-ES> Exited 1/4 ER2 Long @ 699.50 --> + 1 11:52

Exited 2C ER2 Long @ 700.10 --> + 1.6

h2 11:53

s.l 698.50

0.00

<brotherofjared> Long ER2 700.2 (paper)

<Spartan> Shorts ES @ 1350.25 «« paper »» 11:55

<KN-ES> Exited all ER2 Long @ 699.50 --> + 1

<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 11:56

<brotherofjared> Covered ER2 Long 699.30 -.9 (paper) 11:57

* codehead_afk is now known as codehead 11:58

<MarketDelta> U.S. MARKET UPDATE 11:59

<KN-ES> wb MarketDelta 12:05

<Spartan> Covered all ES Short @ 1350.25 --> 0 «« paper »»

<KN-ES> Shorts ER2 @ 699.80 12:06

Covered all ER2 Short @ 700.30 --> - 0.5 12:07

<Spartan> Long ES @ 1351 «« paper »» 12:08

<MarketDelta> Short ES @ 1351.25

<KN-ES> Shorts ER2 @ 700.50

s.l 701

<Andy> Shorts ER2 @ 700.9 «« paper »» 12:11

<KN-ES> nice call Andy

<Andy> thnaks KN...we'll see if it works out

<KN-ES> should work, volume is not there, but its going up and up......strange

here we go 12:12

<Andy> Covered 3/4 ER2 Short @ 700.5 --> + 0.4 «« paper »»

<KN-ES> Shorts ER2 @ 700.60

s.l 701.10 12:13

Covered 1/2 ER2 Short @ 700.10 --> + 0.5

Covered 1C ER2 Short @ 700 --> + 0.6 12:14

Covered ER2 Short @ 700.60 --> 0 12:16

Reverse and Enter Long ER2 @ 700.60

Exited 1/2 ER2 Long @ 700.10 --> - 0.5

no

Exited 1/2 ER2 Long @ 701.10 --> + 0.5

<Andy> Covered Remainder ER2 Short @ 700.7 --> + 0.2 «« paper »»

<KN-ES> Exited 2C ER2 Long @ 701.10 --> + 0.5 12:17

<Andy> Shorts ER2 @ 701.1 «« paper »»

<KN-ES> Exited 1C ER2 Long @ 701.70 --> + 1.1 12:18

<Andy> Covered all ER2 Short @ 701.7 --> - 0.6 «« paper »»

<szubaark> Covered all Short ES at 1353.25 --> - 3.75 «« paper »»

<KN-ES> Exited 1C ER2 Long @ 701.60 --> + 1

<szubaark> Buys ES @ 1353.25 «« paper »»

<KN-ES> s.l 700.60h2 12:19

s.l 700.60

h2

<szubaark> will hold for frikin Highs

<KN-ES> :)

<Andy> Shorts ER2 @ 701.5 «« paper »»

Covered all ER2 Short @ 701.6 --> - 0.1 «« paper »» 12:23

:( 12:24

<KN-ES> Exited ER2 Long @ 701 --> + 0.4

Reverse and Enter Short ER2 @ 701

Covered 1/2 ER2 Short @ 707.50 --> - 6.5

nop 12:25

Covered 1/2 ER2 Short @ 700.50 --> + 0.5

s.l 701.50

Covered 2C ER2 Short @ 700.70 --> + 0.3

Covered ER2 Short @ 700.80 --> + 0.2 12:26

Reverse and Enter Long ER2 @ 700.80

Exited 1/2 ER2 Long @ 701.30 --> + 0.5

s.l 700.60

<MarketDelta> Covered ES @ 1353.75 --> -2.5 12:27

<KN-ES> Exited 1/4 ER2 Long @ 701.80 --> + 1

<szubaark> geez, slow, controlled upsdie creep

<KN-ES> s.l 700.80 12:28

0.00

<Spartan> Exited all ES Long @ 1354 --> + 3 «« paper »» 12:29

<KN-ES> Exited 1C ER2 Long @ 702.60 --> + 1.8

<szubaark> nice Spartan

<Spartan> thanks

<szubaark> u breakeven after this?

<Spartan> needed that one to keep my sanity

<V_trader> Shorts YM @ 12528 -> medium size 12:30

<Spartan> still down today

<V_trader> Covered 2/3 YM Short @ 12518 --> + 10

<szubaark> i know those 2-3 Point licks add up fast :(

<V_trader> exit stop moved to breakeven YM @ 12528

<Spartan> yea, need to learn to take a walk when things are not going right 12:31

<V_trader> market cant beat you, only you can beat you:0

<szubaark> or just do what the Pros do, add double, triple Contracts to end up positive for day LOL

<Spartan> if I do that, I would be completely grey headed by the time I am 30 12:32

lol

well put vtrader

<KN-ES> srt YM 12.16 12:33

12516

<szubaark> comes with experience, for now need to struggle to make money 1 contract

<KN-ES> Exited ER2 Long @ 701.60 --> + 0.8

Reverse and Enter Short ER2 @ 701.60

s.l YM 12531 12:34

Covered all ER2 Short @ 701.60 --> 0 12:35

need a break

<V_trader> Covered 1/2 YM Short @ 12508 --> + 20 12:37

exit stop lowered YM @ 12518

Trailing Stop Hit YM @ 12518 --> + 10 12:40

<jsbach-> anyone use iqfeed?

<MarketDelta> yes 12:42

everythin OK on my side

<V_trader> Shorts YM @ 12520 -> small size

Covered 1/2 YM Short @ 12510 --> + 10 12:45

exit stop moved to breakeven YM @ 12520

Trailing Stop Hit YM @ 12520 --> 0 12:47

<Spartan> Long ES @ 1354.25 «« paper »»

<jsbach-> k, thanks

<Spartan> too early on the breakout 12:48

should be some sqeezing if this works out 12:50

<Andy> Shorts ER2 @ 703.5 «« paper »» 12:51

<V_trader> Shorts YM @ 12535 -> small size

<Andy> this is a bull market

probably should sit on my hands 12:52

Covered 1/2 ER2 Short @ 703 --> + 0.5 «« paper »»

<V_trader> Covered 1/2 YM Short @ 12525 --> + 10 12:53

exit stop moved to breakeven YM @ 12535

<Andy> Covered 1/4 ER2 Short @ 703 --> + 0.5 «« paper »» 12:54

<V_trader> Trailing Stop Hit YM @ 12535 --> 0

Shorts YM @ 12530 -> large size 12:56

<szubaark> Exited all Long ES at 1353.25 --> 0 «« paper »» 12:58

Shorts ES @ 1353.25 «« paper »»

<V_trader> Covered 2/3 YM Short @ 12520 --> + 10 12:59

exit stop moved to breakeven YM @ 12530

<Spartan> Exited all ES Long @ 1352.25 --> - 2 «« paper »» 13:00

Shorts ES @ 1352.75 «« paper »»

<szubaark> days like today really test you as a Trader

<Spartan> yep

<Andy> Covered Remainder ER2 Short @ 702.6 --> + 0.9 «« paper »» 13:01

<szubaark> ive had great weeks and last week of the month gave it all back due to the wacko Price Action 13:02

<NihabaAshi> !voiceall 13:04

-X- Syntax: SHOWCOMMANDS <#channel>

-X- Use: Used to list all available commands to in the specified

-X- channel. If no channel is specified, you will only get

-X- level 0 commmands shown.

-X- Example: /msg X SHOWCOMMANDS #help

<V_trader> Covered 1/2 YM Short @ 12510 --> + 20 13:05

<Spartan> Covered all ES Short @ 1351.75 --> + 1 «« paper »»

-X- Invalid Character.

<V_trader> exit stop lowered YM @ 12520

<Andy> here!

<V_trader> Covered Remainder YM Short @ 12510 --> + 20 13:07

<Spartan> Long ES @ 1351.75 -> large size «« paper »»

-X- The Command [ voiceall ] is not a proper command. 13:15

-X- Please ensure you typed it correctly.

<Spartan> Exited 1/2 ES Long @ 1353.75 --> + 2 «« paper »» 13:24

exit stop set ES @ 1351.75 «« paper »»

<MarketDelta> murphy law 13:25

<Spartan> ?

<MarketDelta> twice posted here and twice losers

<Spartan> gotcha

<MarketDelta> wait

checking trades today

5 times not posted here, 5 winners 13:26

it means

market wacky a bit

<NihabaAshi> MarketDelta...if this room is a distraction...its OK to just lurk and manage your trades

<Spartan> as long as you are winning

<MarketDelta> I try to post good trades here

<Spartan> that is what is important

<MarketDelta> no

<silo> make sure you dont hide the bad trades :P

<MarketDelta> just I think market is difficult today

<silo> just kidding

<MarketDelta> overall I'm 5.06 pts (after commision) based on lot I'm trading today 13:27

this is the story today

the overall volume (net buys-net sells) is close to 0 right now 13:28

<Andy> MD, your choosing your only losing trades to post is not a unique experience :)

<MarketDelta> but big lots (>199 contracts), are on the minus side (-13k)

it makes price action wacky 13:29

<V_trader> Shorts YM @ 12530 -> small size

<MarketDelta> what look certain, it is not cerain today

MARKET INTERNALS UPDATE AT 12:00PMET 13:30

- NASDAQ volume 885M shares, about 1% below its six-month average; advancers lead decliners by 1.1:1.

<Spartan> thanks for the update

<MarketDelta> yw 13:31

<Andy> Shorts ER2 @ 703.5 «« paper »» 13:33

<V_trader> Covered Remainder YM Short @ 12540 --> - 10

<Andy> Covered all ER2 Short @ 704.2 --> - 0.7 «« paper »»

<MarketDelta> whole day I was working short side today

<Andy> dumb trade :( 13:34

<MarketDelta> but at the moment, no more sgorts for me

shorts

<Spartan> my signs tell me that we are in a up trend right now

<V_trader> Shorts YM @ 12541 -> medium size

<MarketDelta> I have conflicting view, so just watching

just 2 charts on the same rotation frame and each one tell me a different story 13:36

<Pepe> MarketDelta do you use Market profile?

<Spartan> watching 3 es charts 2-5-15

nasty candle from this morning, gone 13:37

<MarketDelta> not too much, just for overview on big time frame 13:38

but I have open MP all the time

<V_trader> they are trying to run all these stops

<Spartan> wonder if emini stopped out? 13:39

<szubaark> probobly, he uses 1-2 Point Stops

<V_trader> Covered 2/3 YM Short @ 12531 --> + 10

<szubaark> BEcause his entries are Precise.

<V_trader> exit stop moved to breakeven YM @ 12541

<Spartan> it amazes me

<szubaark> He owns the ES 13:40

<MarketDelta> but at some poing they still have to close the gap from yesterday

<NihabaAshi> Shorts ER2 @ 702.80 -> small size

intuition

<Spartan> Exited all ES Long @ 1353.75 --> + 2 «« paper »» 13:41

<Andy> wow

<Spartan> was getting nervous with my long

<NihabaAshi> :( 13:44

<Spartan> Long ES @ 1354.25 -> large size «« paper »»

<NihabaAshi> Got greeding after a WRB pt1 was reached

<V_trader> Trailing Stop Hit YM @ 12541 --> 0

<NihabaAshi> I'm still short and should have covered

<MarketDelta> storu of today continues 13:45

I agree with Niha intuition and have conflicting MP view

MP tells they we should se higher price then 56.75 (even one tick) 13:46

maybe time to go to the beach

:)

<NihabaAshi> I'm starting to see some support show up here

<MarketDelta> well, the max net sells of big lots was -20k 13:47

<NihabaAshi> Covered ER2 Short @ 702.70 --> + 0.1

<MarketDelta> right now is 012.6k

-12.6k

this tells me that can go either way 13:48

<Spartan> dax seems to be leading the way 13:49

<fierce> NQ wants to test HOD at 1830.00

<MarketDelta> well, europe had holiday yesterday

so europe needs to make up for us yesrday session

<fierce> NQ just ripped the stops above 1830... ES double top ? 13:50

<szubaark> just sitting here at High of day, which way will it go? LOL 13:52

<Spartan> Exited 1/2 ES Long @ 1356.25 --> + 2 «« paper »»

<fierce> nice trade Spartan

<Spartan> thanks, getting it back finally 13:53

-X- AUTO VOICE ALL has been turned ON

<fierce> yep , well the moves are beginning to carry a bit

gives you room to get out with a profit

<Spartan> I always get beat down by the chop 13:54

<fierce> this morning i was getting a point or two of profit then retrace right back, no follow-thru

<szubaark> 2pt Stops on ES in Chop is Brutal

<Spartan> I was just straight losing this morning

getting ready to squeeze some shorts potentialy 13:56

<szubaark> Covered all Short ES at 1358.25 --> - 5 «« paper »» 13:57

Buys ES @ 1358.25 «« paper »»

tough creeper trends last 2 days with no pullbacks, my worst nightmare 13:58

<Spartan> creepers are tough

<szubaark> u dont see them often, but when they show up i get hammered pretty good

<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 13:59

<Spartan> long er2 704.6 14:03

small 14:04

* PrinceProll is now known as Pullerpullispull 14:06

<Andy> Shorts ER2 @ 705.2 «« paper »» 14:07

<NihabaAshi> Shorts ER2 @ 705.40 -> small size 14:09

intuition...

1 only

oh oh... 14:10

volatility contracting

<MarketDelta> ARKET INTERNALS UPDATE AT 2:00PMET 14:11

- NASDAQ volume 1.32B shares, about 3% below its six-month average; advancers lead decliners by 1.4:1.

<fierce> it's either a double top or a bull flag,... toss a coin :)

<Andy> Covered all ER2 Short @ 705.5 --> - 0.3 «« paper »»

<NihabaAshi> Covered ER2 Short @ 705.90 --> - 0.5

Reverse and Enter Long ER2 @ 705.90

<Spartan> exit er2 long +1 14:12

<NihabaAshi> I didn't have support for a reversal like that.

<Andy> Covered all ER2 Short @ 706.2 --> - 1 «« paper »»

<NihabaAshi> Gotta bite the bullet on this one

<MarketDelta> Short ES @ 1356.75 14:13

<fierce> i just got stopped into a short... so who knows ... lol

<Spartan> Exited all ES Long @ 1356.25 --> + 2 «« paper »» 14:15

<NihabaAshi> Exited ER2 Long @ 704.90 --> - 1

<Spartan> Long ES @ 1356.75 -> large size «« paper »» 14:17

<MarketDelta> Covered @ 1356.50 --> +0.25 14:18

<NihabaAshi> Shorts ER2 @ 704.50 -> small size 14:19

intuition

<Spartan> Exited all ES Long @ 1357.75 --> + 1 «« paper »» 14:27

that should have been -2

dont know what happened there

<NihabaAshi> That darn support is showing up again :( 14:28

It got me twice already for a loss and 1 tick winner 14:29

<Spartan> Long ES @ 1355.50 -> large size «« paper »»

Exited all ES Long @ 1353.50 --> - 2 «« paper »» 14:33

<NihabaAshi> Covered 1/2 ER2 Short @ 703.30 --> + 1.2

I got more than my profit target... 14:34

I'm still in this trade because of GREED. 14:35

Yet, there's a myth being generated online that scaling out is because of FEAR :)

I guess pigs can fly too.

When I dump a position ALL AT ONCE...its because of FEAR...locking in profits or trying to minimize a loss. 14:36

When I scale out...I'm trying to get a little fatter sort'uv speak. 14:37

GREED

volatility contracting again 14:38

I'm expecting a volatility spike here soon...

Hopefully downwards and not upwards

more contraction 14:40

<Spartan> Shorts ES @ 1357 -> large size «« paper »»

<Bambam-77> 1356.5 and 704.7. are market profile vpoc from previous candle they should be taken out if we are to go lower

<NihabaAshi> Covered Remainder ER2 Short @ 704.40 --> + 0.1 14:41

Punks

<Bambam-77> they are like vol magnets prev short sellers

<NihabaAshi> They ran my stop nicely :( 14:42

<Andy> nice call Bambam

<NihabaAshi> My greed exit would have been around 702.60 14:43

<Andy> what is "vpoc"? 14:44

<silo> wow

<Bambam-77> 51.25 below us vpoc and 700.40 for er nice swing trgts

<silo> yeah tell me about it

that's a crazy spike

to the upside :P

<Bambam-77> current value is 54.75 for the next 10 min 14:46

56.5 on dec

<Spartan> Covered all ES Short @ 1357 --> 0 «« paper »» 14:50

<Bambam-77> bear flag usually preseed a fall from my p&f chart just a mater of time usually seen as creeper uptrend

prev ss taken out er and es 14:51

03.7 is poc point of control above long below ss 14:53

<Spartan> Long ES @ 1358 -> small size «« paper »» 14:54

<trendpimp> long es, BET THE RANCH, haha 14:55

<OFN78283> oooo 14:57

<MarketDelta> I'm comparing IQFeed and X-Trader data feed and it looks like X-Trader is faster around 0.5 sec 15:01

<anglo> iqfeed lags a lot

<MarketDelta> really?

<anglo> esp in faster mkts 15:02

<MarketDelta> they claim that one of fastest data feeds

<trendpimp> 1358 exit

<anglo> even compared to ib, which lags too

dunno about x-trader 15:03

<MarketDelta> so between eSignal, IQFeed, Tradestation, Open E Cry...which one is the fastest? 15:05

<Bambam-77> 64 is pos trgt if we get a range expantion protect longs 15:06

<anglo> dunno. above info is all I have

<Bambam-77> er swing ss look to retest 94.50 as swing as long as we stay below 704.8 15:10

WRB Analysis

Learn More

<Spartan> Exited all ES Long @ 1356 --> - 2 «« paper »»

<anglo> marketdelta : iqfeed+delta in sub 1' frames is pretty much trying to trade the past. fwiw and not dumping on you. 15:12

<MarketDelta> well, I'm trading like this past 3 years 15:13

<anglo> me 2

<NihabaAshi> Shorts ER2 @ 704.50 -> small size 15:14

2 only

<anglo> if you find a solution let me know please.

<NihabaAshi> intuition...got a little confused just as I entered the trade (couldn't stop the finger from clicking the Sell button) 15:15

:)

<MarketDelta> solution to what?

<anglo> do you work for delta?

<MarketDelta> no

<anglo> never mind then

<MarketDelta> ok

<NihabaAshi> I'm not in trouble just yet because Gold and Oil hasn't started providing support to the upside 15:17

They just did :(

volatility too contracting... 15:18

Don't want to be doing any "position reversals" any more in this type of price action.

<Bambam-77> 704.8 is current poc above long below short 15:19

<Spartan> Shorts ES @ 1356.50 -> large size «« paper »» 15:20

<Bambam-77> like sitting on a fence

55 is your long vol vpoc 15:21

<NihabaAshi> Oil is the thorn in my side right now while Gold is just sitting there...waiting. 15:23

<Spartan> Covered all ES Short @ 1358.50 --> - 2 «« paper »»

<NihabaAshi> I now have Oil and Gold helping my Short...Gold needs to drop below its own support level to get me to a WRB pt1. 15:26

<Bambam-77> with the vol that has traded we should be higher there is a seller distributing in the move this thing has to pop soon 15:28

<Spartan> Long ES @ 1357.25 -> large size «« paper »» 15:30

<Bambam-77> 704.8 and 57 are poc for next minute

<NihabaAshi> Oil picking up strength here while Gold is still just sitting there :(

<trendpimp> Long NQ, 1837.25 15:31

<NihabaAshi> Pin Ball Machine price action just showed up :(

<Bambam-77> if we firm up below the poc carfull on longs 15:32

<trendpimp> exit NQ, 1838.25, +1

<Andy> Shorts ER2 @ 704.7 «« paper »»

<Bambam-77> i hate fence trading or chop you can sence they setting up for big move 15:34

<Andy> Covered 1/2 ER2 Short @ 704.1 --> + 0.6 «« paper »» 15:35

<NihabaAshi> A small WRB pt1 just formed :(

<Bambam-77> try ss small size 2 pt stp

trying

<Andy> Covered 1/4 ER2 Short @ 704.1 --> + 0.6 «« paper »» 15:36

<Spartan> Exited all ES Long @ 1355.25 --> - 2 «« paper »» 15:37

<NihabaAshi> Covered 1/2 ER2 Short @ 703.40 --> + 1.1

Got 7 ticks more than my WRB pt1

Will get greedy on my remainder

<Andy> Covered Remainder ER2 Short @ 703.7 --> + 1 «« paper »» 15:39

<Bambam-77> remember the 55 vpoc note the bounce

<NihabaAshi> Covered Remainder ER2 Short @ 703.90 --> + 0.6 15:42

<Spartan> Long ES @ 1356.50 «« paper »» 15:43

Exited all ES Long @ 1354.50 --> - 2 «« paper »» 15:44

<MarketDelta> MARKET INTERNALS UPDATE AT 3:30PMET 15:47

- NASDAQ volume 1.72B shares, about 4% below its six-month average; advancers lead decliners by 1.5:1.

<werner> gn all 16:01

<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 16:05

<OFN78283> prova 16:11

<tim_a1> inside bar on spx daily 16:17

<Brutus> gn guys 17:03

* Disconnected 19:57

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