#FuturesTrades March 26th Wednesday 2008 Trade Log

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 Mar 26 00:00:00 2008Session Ident: #futurestrades
<jsbach->	what time does euro market open?	04:18
* codehead	is now known as codehead_afk	04:20
<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	04:32
* DisconnectedSession	Close: Wed Mar 26 07:46:53 2008	07:46
	Session Start: Wed Mar 26 09:25:36 2008Session Ident: #futurestrades
* Now	talking in #futurestrades	09:25
<X>	[NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<NihabaAshi>	Good morning all	09:26
<T-stop>	gm
<MarketDelta>	gm	09:27
<rickf>	gm all
<drt>	gm everyone	09:29
<Nesi>	hi
<Brutus>	GM everyone
<Nesi>	Shorts ER2 @ 701.00 -> Add	09:30
<V_trader>	Long YM @ 12466 -> small size	09:32
<Spartan>	Long ES @ 1347 «« paper »»	09:33
<eminitrader>	Long ES @ 1346.50	09:34
	Exited all ES Long @ 1346 --> - 0.5	09:35
<Spartan>	Exited all ES Long @ 1345 --> - 2 «« paper »»
<werner>	gm all	09:37
<rickf>	hi werner
<werner>	hi rickf
<Spartan>	Long ES @ 1345 «« paper »»	09:38
<anglo>	gm
<silo>	Shorts ER2 @ 699.80 -> medium size «« paper »»
	intuition trade	09:39
<eminitrader>	Long ES @ 1344
	2 tick stop again
<NihabaAshi>	Long ER2 @ 700.50 -> large size	09:40
<silo>	haha this is what i get for going against the trend eh?
	:D
<eminitrader>	Exited 1/3 ES Long @ 1346 --> + 2
<silo>	Covered all ER2 Short @ 107.20 --> + 592.6 «« paper »»
	hmm oops
<eminitrader>	exit stop moved to breakeven ES @ 1344	09:41
<NihabaAshi>	:(
<Spartan>	Exited all ES Long @ 1344 --> - 1 «« paper »»	09:42
<eminitrader>	Exited Remainder ES Long @ 1344 --> 0
<NihabaAshi>	Exited ER2 Long @ 699.60 --> - 0.9	09:43
<Spartan>	Shorts ES @ 1344 «« paper »»
<eminitrader>	Long ES @ 1345	09:44
<MarketDelta>	PREVIEW: FEB NEW HOME SALES DUE OUT AT 10AMET**consensus expectation: 578Ke v prior 588K
<NihabaAshi>	Long ER2 @ 699.90 -> large size	09:46
<Spartan>	Covered all ES Short @ 1344 --> 0 «« paper »»	09:47
<NihabaAshi>	pin ball machine price action :(
<PapaJon>	yah N.. sucks
* subq	--market profile charts for today -- http://www.charthub.com/chart/search/mpc hart
<Spartan>	Long ES @ 1343.25 «« paper »»	09:48
<szubaark>	Buys ES @ 1343.75 «« paper »»
<MarketDelta>	in MP... going below yesterday lows, we going to test a single print from 2 days ago and possible gap close
<Andy>	Waring Blender price action
<eminitrader>	Long ES @ 1342 -> Add	09:49
<NihabaAshi>	Exited ER2 Long @ 698.20 --> - 1.7
<silo>	tough day	09:52
<eminitrader>	Exited ES Long @ 1343 --> - 2
	Reverse and Enter Short ES @ 1343
	Shorts ES @ 1344 -> Add	09:54
<Spartan>	Exited all ES Long @ 1343.25 --> 0 «« paper »»	09:55
<Nesi>	Shorts ER2 @ 697.80 -> Add
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)
<eminitrader>	Covered 1/2 ES Short @ 1343 --> + 1
<Spartan>	Shorts ES @ 1343.25 «« paper »»	09:56
<Andy>	4 min to new home sales
<eminitrader>	Covered Remainder ES Short @ 1344 --> - 1
	thats a reversal
	Long ES @ 1344
<Nesi>	new home sales at 10 am, guys	09:57
<NihabaAshi>	Long ER2 @ 698.60 -> large size	09:58
<Spartan>	Covered all ES Short @ 1345.25 --> - 2 «« paper »»	09:59
<szubaark>	exit stop moved to breakeven ES @ 1343.75 «« paper »»
	Exited all Long ES at 1345.75 --> + 2 «« paper »»	10:00
<eminitrader>	Exited 1/3 ES Long @ 1346 --> + 2
<Nesi>	nice emini
<MarketDelta>	*FEB NEW HOME SALES: 590 V 578KE
	- Median sale price at $244K, %
<eminitrader>	thx n	10:01
<NihabaAshi>	Exited ER2 Long @ 699.90 --> + 1.3
<Nesi>	nice
	i am more short biased today than yesterday :/
<eminitrader>	me too...but waiting for the right price to sell....	10:02
<NihabaAshi>	I'm a fast learner after watching my first trade that was profitable become a loser :)
<eminitrader>	Exited 1/3 ES Long @ 1347 --> + 3
<NihabaAshi>	That's the "pin ball machine" price action.	10:03
<Spartan>	hey emini, when you called the reversal earlier, was that based off price action or some other indicator? just curious if you get a free moment
<NihabaAshi>	It hasn't been nice since showing up for the first time in about 3 years late fall 2007.
<eminitrader>	price action S..after the close of the 3 min bar @ 9 54 est ...shld have reversed at my earlier entry of 1343...	10:04
	that wld have been a low risk long ...
<Spartan>	i see, thanks you so much	10:05
<eminitrader>	so entry @ 1344 ...reduced my size
	urw :)	10:06
	looks like SP 1346 is now res ...need to watch this price area	10:07
<Andy>	Shorts ER2 @ 699.4 «« paper »»
<eminitrader>	k i will post my trading plan for today ..rather than pm	10:08
	based on yest pa ..expect today to be a higly volatile day ...	10:09
	yest ES by the way was a neutral bar...means it cld go either way today ...with explosive moves
	also yest pa indicates to be aware of a POSSIBLE reversal at the lows or highs ...POSSIBLE is the key	10:10
<Andy>	Covered all ER2 Short @ 700.4 --> - 1 «« paper »»
<szubaark>	Shorts ES @ 1347.75 «« paper »»	10:11
<eminitrader>	remember thogh the second move is the strongest one ..indicating confirmation in that direction
<Andy>	Shorts ER2 @ 700.2 «« paper »»
<eminitrader>	meaning a lot more to go in the second direction
	Exited 1/3 ES Long @ 1348 --> + 4
	hld 1	10:12
<Nesi>	second move you mean the one is going on right now, emini?
<szubaark>	Covered all Short ES at 1346.50 --> + 1.25 «« paper »»
<Andy>	Covered 1/2 ER2 Short @ 699.4 --> + 0.8 «« paper »»
<eminitrader>	scaught up in tyoing :))
	hld remainder for possiblegap fill
	no nesi ..will explain later	10:13
<Spartan>	Long ES @ 1346.50 «« paper »»
<Nesi>	thanks, only when u have time, i dont want to bother with question knowing you are trading, thx
<Andy>	Covered Remainder ER2 Short @ 700.2 --> 0 «« paper »»
<eminitrader>	the plan is based on the daily price action ...so the key # for this to watch r the hod and lod of yest..	10:14
	hope its clear now
<Nesi>	yes, thanks for your time
<Andy>	Shorts ER2 @ 699.7 «« paper »»
<eminitrader>	if the mrkt oscillates betn these two today then expect a massive move soon a
<Nesi>	ride it , Andy :)
<Spartan>	yeah, thanks for giving us your thoughts.	10:15
<Andy>	Covered 2/3 ER2 Short @ 699.2 --> + 0.5 «« paper »»
<szubaark>	good stuff emini
<Andy>	Covered Remainder ER2 Short @ 699 --> + 0.7 «« paper »»	10:16
<eminitrader>	thx szu..	10:18
<Andy>	thanks Nesi :)
<Spartan>	Exited all ES Long @ 1344.50 --> - 2 «« paper »»
<eminitrader>	if the mrkt manages to take out 1349 ...in the next half hr or so expect a gap fill with a possible move highre..	10:19
	which is looking likely	10:20
<Nesi>	i feel ES this time wants to test 1340 , imho
<V_trader>	enini thx for sharing how do you factor time into your trading such as next half hour? thx	10:21
<eminitrader>	crystal ball says so ..:))
<szubaark>	lol
<eminitrader>	exit stop moved to breakeven ES @ 1344	10:22
<NihabaAshi>	Long ER2 @ 699.90 -> medium size	10:24
	intuition trade
<V_trader>	Shorts YM @ 12443 -> small size
<eminitrader>	v ..u get my pm	10:25
<szubaark>	Shorts ES @ 1345 «« paper »»	10:26
<V_trader>	Covered 1/2 YM Short @ 12433 --> + 10
<eminitrader>	Exited Remainder ES Long @ 1344 --> 0	10:27
<MarketDelta>	Long ES @ 1344.00
<Spartan>	Shorts ES @ 1344.25 «« paper »»
<szubaark>	small Volatility spike to downside	10:28
<V_trader>	Covered 1/2 YM Short @ 12423 --> + 20
	exit stop lowered YM @ 12433
<eminitrader>	no i will wait for the lows to be taken out ..before i star selling ..
	oops
<V_trader>	Trailing Stop Hit YM @ 12433 --> + 10	10:29
<eminitrader>	well thats my reason anyways
<szubaark>	Covered all Short ES at 1343.75 --> + 1.25 «« paper »»	10:30
<eminitrader>	be back	10:31
<MarketDelta>	Exited ES Long @ 1341.50 --> -2.5	10:32
<Andy>	Long ER2 @ 697.4 «« paper »»	10:33
<V_trader>	Long YM @ 12404 -> medium size
<robert>	Long ES @ 41.50 -> small size	10:35
<Andy>	Exited 3/4 ER2 Long @ 698 --> + 0.6 «« paper »»
<Spartan>	exit stop set ES @ 1342.25 «« paper »»
	Covered all ES Short @ 1342.25 --> + 2 «« paper »»	10:36
<szubaark>	Shorts ES @ 1342 «« paper »»	10:37
<robert>	Exited 1/2 ES Long @ 42.50 --> + 1	10:38
<V_trader>	Exited all YM Long @ 12409 --> + 5	10:39
<eminitrader>	loks like it wants to test yest low that the key to see ..if it can brek it w/o a sizeable bounce	10:40
<Andy>	Exited Remainder ER2 Long @ 697.5 --> + 0.1 «« paper »»	10:41
<NihabaAshi>	Exited ER2 Long @ 698.10 --> - 1.8
	Reverse and Enter Short ER2 @ 698.10
	FED guy face is back on TV :(	10:42
	Market drops whenever he mention the words debts or credit problems :(	10:43
<Spartan>	Shorts ES @ 1340.75 «« paper »»	10:44
<robert>	Exited Remainder ES Long @ 39.50 --> - 2	10:46
	Long ES @ 40
	Exited Remainder ES Long @ 38.50 --> - 1.5	10:47
<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	10:48
<robert>	Long ES @ 38.50
	Exited all ES Long @ 37.50 --> - 1	10:49
<NihabaAshi>	Covered ER2 Short @ 695.80 --> + 2.3	10:50
<Andy>	Long ER2 @ 695.8 «« paper »»
<szubaark>	Nice Niha
<robert>	Long ES @ 38.25
<Spartan>	Covered all ES Short @ 1338.75 --> + 2 «« paper »»
<NihabaAshi>	szu...when the FED is on TV...
<eminitrader>	nice shorts guys
<NihabaAshi>	Usually a difficult trading session :(	10:51
<rickf>	nice
<Andy>	Exited 3/4 ER2 Long @ 696.3 --> + 0.5 «« paper »»
	Exited Remainder ER2 Long @ 697.2 --> + 1.4 «« paper »»	10:53
<NihabaAshi>	FED guy off TV
<TrDs>	Long YM @ 12390
<eminitrader>	Nsesi ..this this the first move..the brek of yest low
<Spartan>	Shorts ES @ 1340.25 «« paper »»	10:54
<eminitrader>	now at some piont during the day ...dont see it happen this session...if the mrkt reverses and takes out yest high ..thats the second move..
	thats what i meant
	usually on days like after yest..where it was perfectly neutral open 1351.50 ..with close @ 1351.50...mrkt behavior is strange ...so a trader shld never discount that possibility ...	10:56
<tim_a1>	yesterday was an inside bar	10:58
<eminitrader>	just saying 1) always have u stops in 2) dont be baised towards a single side ...be ready to go long if pa action indicares the possibility of a reversal from the lows
	yep
	gives it a higher probability	10:59
<szubaark>	Covered all Short ES at 1340.75 --> + 1.25 «« paper »»	11:01
<Andy>	nice szu
<szubaark>	thanks..did not expect to bounce here	11:02
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)
<TrDs>	Exited YM Long @ 12390 --> 0
	Reverse and Enter Short YM @ 12390
	Covered YM Short @ 12395 --> - 5	11:05
	Reverse and Enter Long YM @ 12395
<Spartan>	Covered all ES Short @ 1342.25 --> - 2 «« paper »»	11:06
	Long ES @ 1342 «« paper »»
<eminitrader>	Shorts ES @ 1341.50	11:10
<Spartan>	Long ES @ 1342 -> Add «« paper »»
<Andy>	Shorts ER2 @ 698.2 «« paper »»	11:11
	Covered 2/3 ER2 Short @ 697.7 --> + 0.5 «« paper »»	11:12
<eminitrader>	Shorts ES @ 1342 -> Add	11:13
<Spartan>	Exited all ES Long @ 1342 --> 0 «« paper »»
	Shorts ES @ 1341.75 -> large size «« paper »»	11:14
<TrDs>	sell limit to exit YM long @ 12380	11:15
<eminitrader>	waiting for 43 and 44 to load up :)
<Spartan>	load up more shorts?	11:16
<TrDs>	Exited YM Long @ 12395 --> 0
	Reverse and Enter Short YM @ 12395
<eminitrader>	yep ...hld 6 now
<Spartan>	i see
<TrDs>	buy limit to cover YM short @ 12410	11:17
<Spartan>	hey emini, what time frame of charts do you usually watch, if you do not mind me asking?
<NihabaAshi>	Shorts ER2 @ 696.80 -> medium size
<eminitrader>	Covered 1/3 ES Short @ 1339.50 --> + 2.5	11:18
<NihabaAshi>	Missed my entry area because it moved too fast for me...
<Andy>	Covered Remainder ER2 Short @ 696.3 --> + 1.9 «« paper »»
<NihabaAshi>	I'm now at risk of any pin ball machine price action :(
<eminitrader>	1 3 mainly ..but glance thru 5 15 30 and 60 before entering a trade..but set-ups r based on 3 min usually and 1 min if its a strong trend day	11:19
<Spartan>	any other indexes you watch?	11:20
<eminitrader>	nq sp
<Spartan>	no gold, oil, or dax?	11:21
<eminitrader>	no makesit too complicated ...just want to keep it simple
<Spartan>	gotcha, thanks for the info again	11:22
<eminitrader>	3 monitors ..1 min es 3 min es and nq
<Spartan>	nice	11:23
<NihabaAshi>	Covered ER2 Short @ 697.70 --> - 0.9
<eminitrader>	Covered Remainder ES Short @ 1341.50 --> 0	11:24
<NihabaAshi>	Long ER2 @ 697.60 -> medium size	11:25
<eminitrader>	Shorts ES @ 1343	11:26
<Spartan>	Covered all ES Short @ 1342.25 --> - 0.5 «« paper »»
<NihabaAshi>	This pin ball machine is ruthless today.
<eminitrader>	thats a 10 lot ...will add at 1344 if it gets there	11:27
<Spartan>	Shorts ES @ 1343 -> large size «« paper »»	11:29
<NihabaAshi>	tight trail to protect my WRB pt1 profit
<robert>	Exited Remainder ES Long @ 43.50 --> + 5.25	11:30
<eminitrader>	nice r:))
<Spartan>	nice robert
<robert>	;-)
<eminitrader>	Shorts ES @ 1344 -> Add	11:31
<NihabaAshi>	Exited ER2 Long @ 698.70 --> + 1.10	11:32
<eminitrader>	be back guys ..stops and limits in	11:38
<pdays>	Long ES @ 1342.75	11:41
<szubaark>	Shorts ES @ 1342.50 «« paper »»	11:42
<Bambam-77>	trend is down for now scalps are long
<pdays>	Exited all ES Long @ 1343.5 --> + 0.75
<Nesi>	trend looks down..imo
<Spartan>	Covered 1/2 ES Short @ 1341 --> + 2 «« paper »»	11:43
<Bambam-77>	we are going up on decreasing vol big boys not interested
	yet anyway	11:44
<Nesi>	my best guess, ER 695 will be taken down soon..IMHO	11:45
	OIL up nicely today
<Bambam-77>	if and when we get our new lod look for 94.75 then 92.40	11:46
<NihabaAshi>	Long ER2 @ 697.30 -> small size	11:47
<Bambam-77>	rtrc to 98	11:48
<Spartan>	Covered Remainder ES Short @ 1344.25 --> - 1.25 «« paper »»	11:49
<NihabaAshi>	Exited all ER2 Long @ 698.40 --> + 1.1	11:51
<Nesi>	nice
<Bambam-77>	ss 99
<NihabaAshi>	Yeah...easy trading when the FED face is being broadcasted all over TV :)
<Bambam-77>	1 pt stp	11:52
<NihabaAshi>	I'm finally GREEN for the day...
	Earned a break from trading :)
<Andy>	Shorts ER2 @ 699.3 «« paper »»	11:56
<eminitrader>	looks like the highs for now ...shld see a pullback	11:57
<Andy>	Covered 3/4 ER2 Short @ 699 --> + 0.3 «« paper »»
<eminitrader>	if it breks 1345.50...expect retst of todays high	11:59
<Andy>	Covered Remainder ER2 Short @ 698.9 --> + 0.4 «« paper »»	12:00
<Bambam-77>	5 min pos bear flag	12:02
	we are in duldrums they can whipsaw on both side during this time keep this in your mind	12:03
	first lot off +.9	12:04
	stp b/e +tic	12:05
	ss flat	12:06
<Spartan>	Shorts ES @ 1343.50 «« paper »»
* NihabaAshi	is now known as NihabaAshi_away	12:08
* codehead_afk	is now known as codehead	12:13
* codehead	is now known as code
* code	is now known as codehead
<szubaark>	Spartan u got nice entry on this	12:14
<Spartan>	hope so	12:15
	thanks
<eminitrader>	Covered all ES Short @ 1342.50 --> + 2	12:23
	no thats 1 pt on 20
<szubaark>	wont go down or up without a tough fight :(	12:24
<eminitrader>	Shorts ES @ 1342
	Covered all ES Short @ 1343 --> - 1	12:26
<Spartan>	Covered all ES Short @ 1343.50 --> 0 «« paper »»
<eminitrader>	Long ES @ 1342.75	12:30
	Exited all ES Long @ 1342.25 --> - 0.5	12:32
	Shorts ES @ 1342.75	12:34
	3 piont stop 5 lot
	Covered all ES Short @ 1341.75 --> + 1	12:38
	looks like its still deciding
	not woth the risk
<szubaark>	exit stop moved to breakeven ES @ 1342.50 «« paper »»	12:39
	could go either way here	12:40
	Covered all Short ES at 1342.50 --> 0 «« paper »»	12:42
<Bambam-77>	98.5 is daily point of control	12:43
<Nesi>	695 test soon..imho	12:45
	on ER
<Bambam-77>	y
<Nesi>	1335 my feel for ES test today...imo	12:46
<Bambam-77>	all this up is smoke on no conf vol
	er traders note 5 min bear flag formation	12:49
<Nesi>	one little push down on ER and may do the trick	12:52
<Bambam-77>	94.7 is what i want	12:53
<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	12:54
<Nesi>	i want 90 or under :)
<Bambam-77>	done
<Nesi>	thing is what the market wants :)
<Bambam-77>	market wants the same lol	12:55
<Nesi>	IF drops.. probably going to be fast spike down..imo	12:57
<Bambam-77>	trying to swing this puppy ss using a 2 pt stp	12:58
	from every new swing low	12:59
<Nesi>	big fight here uh	13:04
	losing power a bit now	13:06
<Bambam-77>	always protect you pos with stps patern are known to fail now and again	13:09
<Nesi>	market cat fight going on :)	13:10
<Bambam-77>	y	13:11
	only 1 lot left of 3 on this runner ss
	stp is 98	13:12
	runner is flat	13:13
<MarketDelta>	not too much fight here	13:15
	just volume is low in ES and stocks
	MARKET INTERNALS UPDATE AT 12:00PMET	13:16
	- NASDAQ volume 760M shares, about 15% below its six-month average; decliners lead advancers by 1.9:1.
<Nesi>	thanks for info, MarketDelta	13:17
<MarketDelta>	U.S. MARKET UPDATE	13:18
<Nesi>	come on..one more push	13:33
<Bambam-77>	arr ooga dive dive
	come on give us 95
<Nesi>	90.... :)
<trendpimp>	hi all, what i miss? ... chopycity here	13:34
<Bambam-77>	ok 90 for nesi
	one trgt at a time	13:36
<trendpimp>	short nq 1810.75	13:40
<eminitrader>	Long ES @ 1338.50	13:49
	Exited 1/3 ES Long @ 1340 --> + 1.5	13:52
	expecting a counter trend rally around here	13:57
<codehead>	short ER 698.30 <paper>	13:58
	stop 700.20 <paper>	13:59
<trendpimp>	short NQ 813.5 added
<eminitrader>	Exited Remainder ES Long @ 1338.50 --> 0	14:02
<codehead>	exit half ER2 +.9 <paper>
	lower stop b/e on remainder <paper>
<trendpimp>	added short 1810.5	14:03
<eminitrader>	Long ES @ 1339	14:05
<codehead>	stopped out remainder flat
	<paper>
<eminitrader>	Exited 1/2 ES Long @ 1341 --> + 2	14:07
<codehead>	ER 699.70--same high as last peak
	thru
<eminitrader>	if 1343 is taken out expect a nice rally	14:09
	[10:10] <eminitrader> also yest pa indicates to be aware of a POSSIBLE reversal at the lows or highs ...POSSIBLE is the key
* NihabaAshi_away	is now known as NihabaAshi	14:10
<trendpimp>	exit 1814.5. -3.75
<MarketDelta>	MARKET INTERNALS UPDATE AT 2:00PMET	14:12
	- NASDAQ volume 1.11B shares, about 18% below its six-month average; decliners lead advancers by 1.8:1.
<eminitrader>	for continuation of the POSSIBLE up move 1345.50 needs to be taken out...if it is pricr action confirms with a high PROBABILITY that a change in trend has occured	14:18
<MarketDelta>	or 1340 needs to hold :)	14:21
<eminitrader>	lol
	got me going :)
<MarketDelta>	in my opinion we have chance to retest HOD because of significant buying volume at today top (day session)	14:23
	so far so good, 1340 holded	14:27
<eminitrader>	why is 1340 the key supp for u ?	14:28
<MarketDelta>	lowest POC on rotation bars	14:30
	below it no support today
<eminitrader>	k ..thx
<MarketDelta>	so if be break 1340, high possibility of continuation lower	14:31
<eminitrader>	prolly true...but i wld wait for new lows if the 40 area is taken out	14:32
<MarketDelta>	true
<eminitrader>	looks like u r right ...40-41 area is holding pretty good
<MarketDelta>	but also it was low risk buys against 1340	14:33
<NihabaAshi>	Long ER2 @ 701.20 -> small size
	intuition trade
	1 contract only
<MarketDelta>	it funny, when I post - loss, when I don't winners
	morphy law continues
<eminitrader>	NQ cofirms high probability change in its uptrend	14:36
<NihabaAshi>	Exited ER2 Long @ 701.30 --> + 0.1
<Andy>	Shorts ER2 @ 701.5 «« paper »»
<NihabaAshi>	That trailing stop didn't last long :(
<eminitrader>	prolly too tight for this volatility	14:37
<NihabaAshi>	Yep
<Andy>	Covered 3/4 ER2 Short @ 700.8 --> + 0.7 «« paper »»	14:38
<MarketDelta>	I will say, today is choppy instead volatile
	just one way to buy bottoms and short tops	14:39
<eminitrader>	:)
<MarketDelta>	only small issue, when is topn, when is bottom....	14:40
<eminitrader>	lol
<Andy>	Covered Remainder ER2 Short @ 700.4 --> + 1.1 «« paper »»
<Pepe>	nice Andy
<Andy>	gracias Pepe
	should I have held the last? I wish I knew :)	14:41
	I guess that was my answer :)
<Pepe>	:)
<Kesava>	wat is ER2	14:43
<Andy>	ER2 = Russell 2000 index emini contract
<szubaark>	if u already dont know, you dont want to know :)
<MarketDelta>	:))))	14:44
<Andy>	haha
<Kesava>	first time here actually
	wat does futuretrades mean? :D
	increasement in the long run?
<MarketDelta>	well, looks like you ready to take your first trade in your life in futures
	trades who trade futures	14:45
	traders
<Kesava>	i am confused
<MarketDelta>	don't worry, me too all the time	14:46
<NihabaAshi>	Kesava...all you need to know about #FuturesTrades is at http://www.thestrategylab.com/FuturesTradesChatRoom.htm	14:48
<MarketDelta>	well, Niha, our friend Kesava doesn't know what are futures (prv chat)	14:49
	better someone explain him
	I'm in trade
<NihabaAshi>	Kesava...go to the following websites...
<Kesava>	ya please :)
	ok
<NihabaAshi>	http://www.cme.com
	http://www.cbot.com
	Lots of info there to explain to you what some common futures are.	14:50
	No need to ask questions here...just read those websites.
WRB Analysis	Learn More
<MarketDelta>	1343 holded on this retrecement
<NihabaAshi>	If you still don't understand after reading those websites...
	Stay away from futures :)
	Last education resort...use http://www.google.com	14:51
	It'll keep you busy as you search about Futures
<MarketDelta>	do not read too much about people who kill themself because of trading futures	14:53
<Kesava>	lol
<MarketDelta>	lol
<Kesava>	i am scared already :)
<MarketDelta>	good
<eminitrader>	Exited 1/3 ES Long @ 1344 --> + 5
<szubaark>	nice emini	14:54
<Andy>	avoid all references leading to personal bankruptcy and domestic stress
<MarketDelta>	and people who after trading futures, began trading wifes	14:55
<Andy>	lol
<Nesi>	:)
<Andy>	and the gray-away hair color for men market among futures traders	14:56
<MarketDelta>	Andy, stop talking about me... :)))
<Andy>	light brown becomes you	14:57
	:)
<MarketDelta>	now Kesave, you know everything
<Nesi>	3 PM drop? :)
<MarketDelta>	I still think we can see 1345.50+ today	14:59
	1346.50+
	well, here we go
<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	15:00
<eminitrader>	Exited Remainder ES Long @ 1349 --> + 10
<tim_a1>	what the heck was that all about?	15:01
<MarketDelta>	change of the hearth	15:06
	well, they retested todays HOD (because of significant buying volume at the top from the morning)	15:07
	now we see
	Long @ 1343.25	15:15
<Nesi>	Shorts ER2 @ 701.90 -> Add	15:17
<MarketDelta>	Breakeven	15:18
	Long @ 1343.25	15:21
* Looking	up Kesava user info...	15:29
<Nesi>	Shorts ER2 @ 700.50 -> Add	15:30
<Andy>	nice job, Nesi	15:36
WRB Analysis	Learn More
<MarketDelta>	MARKET INTERNALS UPDATE AT 3:30PMET	15:39
	- NASDAQ volume 1.53B shares, about 15% below its six-month average; decliners lead advancers by 1.4:1.
<Nesi>	Shorts ER2 @ 700.00 -> Add	15:42
	:/	15:43
<Bambam-77>	702.4 then 703.5	15:50
	protect longs	15:51
<MarketDelta>	Exited @ 1343.25 -> 0
	well, low volume in cash, they moved futures up and down :)	15:55
<werner>	gn all
<Nesi>	die market	16:03
<Bambam-77>	697 is vpoc from this aft	16:04
<Nesi>	seems ORACLE bad numbers	16:05
<MarketDelta>	REPORTS Q3 $0.30 V $0.30E, R $5.35B V $5.42BE	16:08
	- Q3 new software license sales were $1.6B
	- Q3 data, middleware new license sales were +20%
	- Q3 applications new license sales were +7%<QQQQ>
	ORCL	16:09
<Bambam-77>	97 on dec
<Nesi>	risky feel on my part, Bambam, but to me we gap down tomorrow	16:11
<Bambam-77>	i am going flat	16:13
<MarketDelta>	well, we are closing below last three sessions POCs
	bunch od resistance above and gap still not closed	16:14
<Bambam-77>	so much minipulation today	16:17
<MarketDelta>	initial buyers (intitutions) from the morning reversed position on retest	16:18
	it is funny, when the cash volume is low, how they allow for this sitation to happen every time	16:19
	ok guys, have good afternoon
<Bambam-77>	you to be well all see you in am	16:21
<NihabaAshi>	Take care all and see all tomorrow	16:30
* DisconnectedSession	Close: Wed Mar 26 16:30:54 2008
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