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March Trade Log

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#FuturesTrades March 27th Thursday 2008 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+10.10	+307.60	+1076.10
$1,010	$30,760	$107,610

Profitable Trade

1243pm - 1301pm est

Losing Trade

1343pm - 1405pm 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 27 09:30:43 2008Session Ident: #futurestrades

* Now talking in #futurestrades 09:30

<NihabaAshi> When you see only a few members like this in the trading room... 09:31

That means there's a problem with the IRC Othernet server.

In fact, this may be a ghost room while the bulk of everybody is in the same room on a different server 09:32

Anyways...be back later in about 5 mins

* DisconnectedSession Close: Thu Mar 27 09:32:45 2008

Session Start: Thu Mar 27 09:41:20 2008Session Ident: #futurestrades

* Now talking in #futurestrades 09:41

<szubaark> Exited all Long ES at 1344.50 --> + 1.25 «« paper »» 09:42

* NihabaAshi: you're not channel operator

<silo> Long ER2 @ 700.40 -> medium size «« paper »»

* NihabaAshi: you're not channel operator

<eminitrader> Shorts ES @ 1345 -> Add

* NihabaAshi: you're not channel operator

<Opus> who is normally ops in here?

* NihabaAshi: you're not channel operator

<Nesi> only Niha 09:43

* NihabaAshi: you're not channel operator

<Nesi> there is a net split going on

* NihabaAshi: you're not channel operator

<szubaark> NihabaAshi

* NihabaAshi: you're not channel operator

<eminitrader> Covered 3/4 ES Short @ 1343 --> + 2 09:45

<NihabaAshi> Long ER2 @ 699.00 -> medium size

<Nesi> Shorts ER2 @ 699.00 -> Add

<silo> so far oil and gold supporting here 09:46

still holding my initial long

<szubaark> Shorts ES @ 1345 «« paper »» 09:49

<silo> wow OIL really blowing up now 09:50

<NihabaAshi> Exited all ER2 Long @ 699.70 --> + 0.7

<szubaark> Covered all Short ES at 1343 --> + 2 «« paper »» 09:51

<Nesi> Shorts ER2 @ 698.00 -> Add

finally ER giving me love 09:52

<silo> Exited all ER2 Long @ 695.90 --> - 4.5 «« paper »»

<szubaark> Shorts ES @ 1341 «« paper »»

<Nesi> take 695 and i am waiting for 690

<silo> good thing it's demo

:P

<jsbach-> SWEET 09:53

<Nesi> help wanted index coming up 09:55

<eminitrader> Covered ES Short @ 1342.25 --> + 3.75 09:56

Reverse and Enter Long ES @ 1342.25

<Nesi> 2 minutes for numbers, guys 09:57

and ladies

<pdays> Long ES @ 1341.75 09:58

Exited all ES Long @ 1343 --> + 1.25

<Nesi> very nice emini, you change your mind in a nanosecond

<eminitrader> Exited 1/2 ES Long @ 1344.25 --> + 2

thx n.. 09:59

was hld for gap fill..but saw some supp...good for a scalp ..took it and it worked :) 10:00

<Nesi> come on 695 , please :) 10:04

<NihabaAshi> Market Alert: NYMEX increasing margin requirements for Natural GAS

<eminitrader> Exited ES Long @ 1342.25 --> 0

Reverse and Enter Short ES @ 1342.25

<NihabaAshi> Small retail traders will feel the blunt of that.

<Pat> yes.. 10:05

big time

<szubaark> dont they have Emini Natural gas?

<jsbach-> increasing margins grains, nat gas, probably oil too 10:07

<Nesi> probably u right, jsbach

* EN-e is now known as KN-ES 10:08

<Nesi> Elvis in the building, hi KN 10:09

<KN-ES> Shorts YM @ 1341

<eminitrader> Covered 1/2 ES Short @ 1340.25 --> + 2 10:10

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> Covered 1/3 ER2 Short @ 696.00 --> + 2

<KN-ES> hello Nesi 10:11

:)

<NihabaAshi> Long ER2 @ 696.10 -> medium size 10:13

<KN-ES> Covered 1/4 YM Short @ 1340 --> + 1

<eminitrader> Covered Remainder ES Short @ 1341.25 --> + 1 10:14

<KN-ES> Covered YM Short @ 1341.50 --> - 0.5 10:15

Reverse and Enter Long YM @ 1341.50

<eminitrader> done for the day ...good trading all

<KN-ES> Exited 1/2 YM Long @ 1342.50 --> + 1

<Nesi> later, emini

<KN-ES> Exited YM Long @ 1342 --> + 0.5 10:16

Reverse and Enter Short YM @ 1342

<rickf> gm all

<Nesi> gm 10:17

<KN-ES> Covered 1/2 YM Short @ 1340.50 --> + 1.5

<NihabaAshi> Exited all ER2 Long @ 697.20 --> + 1.1 10:18

<Nesi> i see some pressure to the downside now 10:19

<NihabaAshi> Shorts ER2 @ 696.00 -> small size

1 only...intuition trade

<KN-ES> Covered 1/4 ES Short @ 1337 --> + 5 10:20

<Nesi> finally 695 area

<KN-ES> s.l 42

<szubaark> Covered all Short ES at 1336.75 --> + 4.25 «« paper »»

<KN-ES> Covered 1C ES Short @ 1336 --> + 6 10:21

<robert> Long ES @ 37.50

<KN-ES> Covered 1C ES Short @ 1336.50 --> + 5.5

h5 10:22

<Nesi> imho, IF er takes 695 , probably next area 693.50

<rickf> nice ones kn, szu

<NihabaAshi> Covered ER2 Short @ 694.90 --> + 1.1 10:23

<szubaark> Buys ES @ 1335.75 «« paper »»

thanks

<robert> Long ES @ 36.50 -> Add

<KN-ES> Covered 1C ES Short @ 1335 --> + 7 10:26

<Pat> vn nesi...

vn kn

<silo> man tough trading day again

<KN-ES> Covered ES Short @ 1336.25 --> + 5.75 10:27

Reverse and Enter Long ES @ 1336.25

<robert> Exited 1/2 ES Long @ 37 --> + 0.5

<szubaark> Exited all Long ES at 1336.50 --> + 0.75 «« paper »»

<KN-ES> Exited 1/2 ES Long @ 1337.25 --> + 1

Exited ES Long @ 1336 --> - 0.25 10:29

Reverse and Enter Short ES @ 1336

<szubaark> Buys ES @ 1334 «« paper »»

* Retrieving #futurestrades modes...

<KN-ES> Covered 1/2 ES Short @ 1334 --> + 2

<robert> Long ES @ 34 -> Add 10:30

<Nesi> Covered 1/3 ER2 Short @ 693.50 --> + 7.9

<Pat> vvn n

N loby? dinner todaste

<anglo> gm

<KN-ES> Covered 2C ES Short @ 1333.50 --> + 2.5

<Nesi> now for the rest...i am aiming for under 690 today

<KN-ES> nice trde 10:31

<Andy> Long ER2 @ 693.4 «« paper »» 10:32

<KN-ES> Covered 2C ES Short @ 1333 --> + 3 10:33

<Andy> Exited all ER2 Long @ 692.8 --> - 0.6 «« paper »» 10:34

<KN-ES> Covered 2C ES Short @ 1331 --> + 5

<Andy> Long ER2 @ 692.6 «« paper »» 10:35

<robert> Long ES @ 31.25 -> Add 10:37

<KN-ES> Covered ES Short @ 1333.50 --> + 2.5 10:38

Reverse and Enter Long ES @ 1333.50

<Andy> Exited 1/2 ER2 Long @ 693.7 --> + 1.1 «« paper »»

<robert> Exited 1/3 ES Long @ 34.25 --> + 3

b/e

<KN-ES> s.l 31

<werner> lol 10:39

<szubaark> ..

<Andy> Exited 1/4 ER2 Long @ 693.6 --> + 1 «« paper »»

<Pepe> .... O:

<jsbach-> gas up 20 points already 10:41

<robert> Exited 1/3 ES Long @ 35 --> - 2.5 10:42

+1

<KN-ES> Exited 1/2 ES Long @ 1335 --> + 1.5

<Andy> Exited Remainder ER2 Long @ 694.6 --> + 2 «« paper »»

<jsbach-> i think es is going to come back down before it makes the upward run, anyone agree? 10:43

<KN-ES> Exited 1/4 ES Long @ 134.50 --> - 1199 10:47

Exited 1/4 ES Long @ 1334.50 --> + 1

-X- MASK *!*intradays@*.videotron.ca already covered by existing entry for NihabaAshi

-X- Authorization Granted on channel #SwingTradingTSL

<KN-ES> Covered ES Short @ 1333.50 --> 0 10:48

Reverse and Enter Long ES @ 1333.50

-X- AUTO VOICE ALL has been turned OFF

-X- AUTO VOICE ALL has been turned ON 10:49

<KN-ES> s.l 35.50

-X- AUTO VOICE ALL has been turned OFF

<KN-ES> Exited 1/2 ES Long @ 1332.50 --> - 1 10:50

nop

that was srt

<pdays> Long ES @ 1334

<KN-ES> Shorts ES @ 1333.50

Covered 1/2 ES Short @ 1332.50 --> + 1 10:51

Covered ES Short @ 1334 --> - 0.5

Reverse and Enter Long ES @ 1334

s.l 32

<szubaark> nice KN 10:52

<KN-ES> Exited 1/2 ES Long @ 1335.50 --> + 1.5 10:53

thanks

Exited 1/4 ES Long @ 1336 --> + 2

<NihabaAshi> Long ER2 @ 695.90 -> small size

:(

chasing...had some data problems 10:54

<KN-ES> looks like changing the trend

<NihabaAshi> I got burnt a few times yesterday when I chased....

<KN-ES> :)

<NihabaAshi> Thus, I'm long over due for a lucky trade or two that go my way after a bad entry :) 10:55

<KN-ES> yesterday it was all about stop hunting, i guess

they created a window between 42 and 50 10:56

<szubaark> thats that Daily Inside bar eminitrader was talking about, he was right on

<MarketDelta> MARKET INTERNALS UPDATE AT 10:30AMET 10:57

- NASDAQ volume 410M shares, about 12% below its six-month average; decliners lead advancers by 1.6:1.

<KN-ES> Exited 2C ES Long @ 1335 --> + 1 10:58

<zoomy> Exited all ER2 Long @ 692.20 --> 0 «« paper »» 10:59

<NihabaAshi> Exited ER2 Long @ 696.00 --> + 0.1 11:00

decided not to push my luck too far especially with the bad entry

<zoomy> Exited all ER2 Long @ 696.20 --> + 4 «« paper »»

<pdays> Exited all ES Long @ 1335. --> + 1 11:01

<KN-ES> Exited 1C ES Long @ 1336.50 --> + 2.5 11:02

<szubaark> Exited all Long ES at 1336.25 --> + 2.25 «« paper »» 11:03

Shorts ES @ 1335 «« paper »» 11:07

<KN-ES> Exited ES Long @ 1335.50 --> + 1.5

Reverse and Enter Short ES @ 1335.50

Covered 1/2 ES Short @ 1334 --> + 1.5

s.l 37

<anglo> KN-ES you rock. seriously. 11:08

<KN-ES> Covered 1/4 ES Short @ 1334.50 --> + 1 11:09

:)

<szubaark> you scalping the ^%$#@ out of the ES

<Spanish-man> 1334.50 long 11:10

to 37.00 11:11

<KN-ES> Covered ES Short @ 1335 --> + 0.5 11:12

Reverse and Enter Long ES @ 1335

s.l 33

Exited 1/2 ES Long @ 35.50 --> - 1299.5 11:14

<szubaark> Feels weak

<KN-ES> not going anywherer

Exited ES Long @ 1334 --> - 1 11:15

Reverse and Enter Short ES @ 1334

Covered ES Short @ 1334 --> 0

Reverse and Enter Long ES @ 1334

<szubaark> sitting here at Yersturday's lows 11:16

<MarketDelta> if we going below 1334.00, long from 1334.25 - 1337.50 area have problem

<szubaark> Covered all Short ES at 1334 --> + 1 «« paper »»

<MarketDelta> longs

<KN-ES> Exited 1/2 ES Long @ 1335 --> + 1

<szubaark> Buys ES @ 1335 «« paper »»

<KN-ES> Exited 1/4 ES Long @ 1336 --> + 2 11:17

<szubaark> Exited all Long ES at 1337 --> + 2 «« paper »»

<KN-ES> Exited 2C ES Long @ 1337 --> + 3

<werner> very good kn,szu

<szubaark> thanks werner 11:18

<KN-ES> s.l 34 0.00

thanks szu

<szubaark> Shorts ES @ 1337 «« paper »» 11:20

<Spanish-man> 37.50 ok

<KN-ES> Exited 2C ES Long @ 1339 --> + 5

h4

<MarketDelta> Short ES @ 1338.75 11:21

<KN-ES> Exited 1C ES Long @ 1338 --> + 4

<szubaark> nice entry Market

<KN-ES> Exited 1C ES Long @ 1337.50 --> + 3.5

should atleast go down till 35 11:22

to make a pull back , i guess

<szubaark> yup, thats my Target 11:23

<KN-ES> add 37.25 11:26

<robert> Exited Remainder ES Long @ 37.50 --> 0 11:27

+3.5

target was 40-41 11:28

<KN-ES> out 3/4 37.25 38.25 ......... + 1.00

out 1/4 37.25 37.75 + 0.5 11:29

add 37.25

Exited ES Long @ 1337 --> + 3 11:30

Reverse and Enter Short ES @ 1337

s.l 39

Covered 1/2 ES Short @ 1336 --> + 1 11:31

<MarketDelta> Exited 1/2 ES Long @ 1336.75 --> +2 11:32

<KN-ES> Covered ES Short @ 1337 --> 0

Reverse and Enter Long ES @ 1337

Exited 1/2 ES Long @ 1338 --> + 1 11:33

<MarketDelta> Exited Remonder ES Long @ 1338.50 --> +0.25

<KN-ES> Exited 2C ES Long @ 1338.50 --> + 1.5

<MarketDelta> ooops 11:34

all exits were from short position

<Nesi> oil

<KN-ES> Exited 2C ES Long @ 1338 --> + 1 11:35

s.l 35.75

Exited 1/4 ES Long @ 1339.50 --> + 2.5 11:36

h3

s.l 36.25 11:37

need to cross 41

for a trend change

i gues

s

and, well, then again that 42-48 window

<Nesi> Covered Remainder ER2 Short @ 697.70 --> + 3.7 11:38

<KN-ES> nice trade

<anglo> u trade tick charts or subminute charts KN-ES? 11:41

<KN-ES> Exited ES Long @ 1338.50 --> + 1.5 11:43

Reverse and Enter Short ES @ 1338.50

bad idea

<Spanish-man> repot to 12:00pm

<KN-ES> Covered ES Short @ 1338.250 --> + 0.25

Reverse and Enter Long ES @ 1338.250

<Spanish-man> what so 11:44

<KN-ES> Exited 1/2 ES Long @ 1341.25 --> + 3

<robert> Shorts ES @ 41.50 «« paper »» 11:45

<Spanish-man> +10 11:46

yes

<KN-ES> Exited 1/4 ES Long @ 1342.25 --> + 4

<robert> Shorts ES @ 42.50 -> Add «« paper »»

<KN-ES> s.l 39 11:47

<robert> Covered 1/2 ES Short @ 41 --> + 1.5 «« paper »»

<KN-ES> Exited 2C ES Long @ 1340.25 --> + 2 11:50

h5

<Nesi> Shorts ER2 @ 699.00 11:53

<KN-ES> Exited ES Long @ 1340.25 --> + 2 11:54

Reverse and Enter Short ES @ 1340.25

s.l 42.25

<robert> Covered Remainder ES Short @ 39.75 --> + 1.75 «« paper »» 11:55

<szubaark> nice robert 11:56

<robert> thnx 11:57

<KN-ES> brb 12:01

<Andy> Shorts ER2 @ 699.1 «« paper »» 12:03

<Nesi> Shorts ER2 @ 698.50 -> Add 12:04

<Andy> Covered 3/4 ER2 Short @ 698.4 --> + 0.7 «« paper »» 12:05

-X- AUTO VOICE ALL has been turned ON 12:06

<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> Covered 1/2 ES Short @ 1339.25 --> + 1

Covered ES Short @ 1339.50 --> + 0.75 12:07

Reverse and Enter Long ES @ 1339.50

<Andy> Covered Remainder ER2 Short @ 699.1 --> 0 «« paper »» 12:08

<KN-ES> Exited 1/2 ES Long @ 1340.50 --> + 1

<Nesi> Covered all ER2 Short @ 699.00 --> - 0.5

<KN-ES> s.l 38.50

Exited ES Long @ 1340.25 --> + 0.75 12:09

Reverse and Enter Short ES @ 1340.25

s.l 42.25

<Nesi> Long ER2 @ 699.00

<KN-ES> Covered ES Short @ 1339.75 --> + 0.5 12:11

Reverse and Enter Long ES @ 1339.75

<Andy> Shorts ER2 @ 698.9 «« paper »»

<KN-ES> sl 2

<Nesi> Long ER2 @ 700.00 -> Add

<KN-ES> Exited 1/2 ES Long @ 1342.75 --> + 3

<Andy> Covered all ER2 Short @ 699.7 --> - 0.8 «« paper »»

<zoomy> Shorts ER2 @ 700.70 -> small size «« paper »» 12:12

<Nesi> Long ER2 @ 701.00 -> Add 12:13

<zoomy> Shorts ER2 @ 701.30 -> Add «« paper »»

<KN-ES> Exited 1/3 ES Long @ 1343.25 --> + 3.5

Exited 2C ES Long @ 1343.75 --> + 4 12:15

* code is now known as codehead 12:18

<Nesi> Long ER2 @ 701.50 -> Add 12:20

<Andy> Shorts ER2 @ 701.5 «« paper »» 12:21

<Nesi> Long ER2 @ 702.00 -> Add 12:22

<Andy> Covered 3/4 ER2 Short @ 701 --> + 0.5 «« paper »» 12:23

<szubaark> nice Andy 12:24

<KN-ES> Exited ES Long @ 1343 --> + 3.25

Reverse and Enter Short ES @ 1343

<Andy> thanks szu 12:25

<KN-ES> sl 2

nice trade Andy

<Andy> thanks KN

<KN-ES> Covered ES Short @ 1343.25 --> - 0.25 12:27

Reverse and Enter Long ES @ 1343.25

<Andy> Covered Remainder ER2 Short @ 701.5 --> 0 «« paper »» 12:28

<KN-ES> Exited 1/2 ES Long @ 1345.25 --> + 2

sl 2 12:29

<Nesi> Long ER2 @ 702.00 -> Add

<KN-ES> Exited 2C ES Long @ 1346.25 --> + 3 12:30

<szubaark> they going for Overnight Stops

<zoomy> Shorts ER2 @ 703.20 -> Add «« paper »»

<Andy> Shorts ER2 @ 703.2 «« paper »»

<Nesi> Exited 1/2 ER2 Long @ 703.00 --> + 1 12:32

<Andy> Covered all ER2 Short @ 704 --> - 0.8 «« paper »» 12:34

<KN-ES> Exited 2C ES Long @ 1347.25 --> + 4

h 6

<Spanish-man> ES 1349.25 SHORT 12:36

LOOK

<KN-ES> Exited ES Long @ 1346 --> + 2.75 12:38

Reverse and Enter Short ES @ 1346

sl 2 12:39

<Nesi> Long ER2 @ 703.80 -> Add 12:42

<Spanish-man> WOKING 49.25 SHORT 12:43

<NihabaAshi> Shorts ER2 @ 703.60 -> small size

<KN-ES> Covered ES Short @ 1346.5 --> - 0.5

Reverse and Enter Long ES @ 1346.5

<NihabaAshi> Good price battle up here in a key price area 12:45

volatility contracting 12:46

something will happen here soon

preparing to reverse my position if needed

<KN-ES> Exited 1/2 ES Long @ 1347.25 --> + 0.75 12:47

Exited ES Long @ 1346.25 --> - 0.25 12:48

Reverse and Enter Short ES @ 1346.25

Covered 1/2 ES Short @ 1345.25 --> + 1

sl 2

Covered 1/3 ES Short @ 1345.25 --> + 1 12:49

<NihabaAshi> Covered 1/3 ER2 Short @ 702.50 --> + 1.1 12:50

<KN-ES> 43.25 next should e the next

Covered 2C ES Short @ 1344.25 --> + 2 12:51

<Nesi> vn

<NihabaAshi> Oil and Gold keeping my greed under control :( 12:52

tighting up my trailing stop 12:53

Covered 1/3 ER2 Short @ 701.90 --> + 1.7 12:56

<Nesi> oil 12:57

<NihabaAshi> Markets not in snyc...reason for the creeper decline since my entry 12:58

<Spanish-man> oil up

<MarketDelta> again, low volume in cash

<NihabaAshi> If they were in syncy...ER2 would be around 700 by now

<MarketDelta> easy to manipulate

MARKET INTERNALS UPDATE AT 12:30PMET 12:59

- NASDAQ volume 930M shares, about 9% below its six-month average; advancers and decliners are about even.

market doesn't like comment below 13:01

FED'S STERN: ROOM TO CUT RATES NOT AT TOP OF LIST OF CONCERNS, REASONABLE CHANCE OF ECONOMIC PICKUP 2H - Q&A- Says inflation has not been as well behaved as expected; ''there is alot of inertia'' on inflation in the US; if headwinds pick up, economy will be more subdued.

<NihabaAshi> Covered Remainder ER2 Short @ 701.20 --> + 2.4

<KN-ES> Covered 2C ES Short @ 134.75 --> + 1211.5 13:02

Covered 2C ES Short @ 1342.75 --> + 3.5

h4

not going anywhere 13:05

Covered ES Short @ 1343.25 --> + 3

Reverse and Enter Long ES @ 1343.25

Exited 1/2 ES Long @ 1344.25 --> + 1

should see 48.75 next 13:06

i guess

<Bambam-77> es wants 46.50

vpoc 13:07

<KN-ES> sl 2

<Nesi> Long ER2 @ 702.00 -> Add

<KN-ES> Exited 2C ES Long @ 1345.25 --> + 2 13:14

<Nesi> Long ER2 @ 702.50 -> Add 13:15

<KN-ES> Exited 2C ES Long @ 1346.25 --> + 3

<Nesi> zzzzzz 13:17

<KN-ES> Exited ES Long @ 1343.25 --> 0 13:20

Reverse and Enter Short ES @ 1343.25

sl 2

<zoomy> Covered 1/2 ER2 Short @ 700.60 --> + 2.6 «« paper »» 13:21

<KN-ES> Covered 1/2 ES Short @ 1342.25 --> + 1

Covered 1/3 ES Short @ 1341.75 --> + 1.5 13:23

<NihabaAshi> Long ER2 @ 700.80 -> small size 13:29

<trendpimp> LONG ES 1342.25

<NihabaAshi> 2 only and I'm officially in my profit protection mode after I close this position because I've already reached my profit goal for the trading day 13:30

<trendpimp> exit ES 1341.75, -50 13:31

<NihabaAshi> Exited ER2 Long @ 700.10 --> - 0.7 13:32

<Nesi> Exited all ER2 Long @ 700.00 --> - 1.5

<zoomy> Covered Remainder ER2 Short @ 699.70 --> + 1 «« paper »»

<MarketDelta> Niha, what is your percentage goal for a day based on account size ?

<NihabaAshi> Everyday is different depending upon volatility or personal stuff 13:33

I don't use a %

Just dollar amount

<zoomy> Long ER2 @ 699.20 -> small size «« paper »» 13:34

<Nesi> Shorts ER2 @ 699.30

<szubaark> Niha nice exit on your Long 13:35

<Nesi> Shorts ER2 @ 699.00 -> Add

<KN-ES> Covered 2C ES Short @ 1338.25 --> + 5 13:36

<Nesi> Shorts ER2 @ 698.50 -> Add 13:37

<KN-ES> Covered 1C ES Short @ 1336.75 --> + 6.5

<szubaark> amazing 2 sided action

<trendpimp> there ya go 13:39

<KN-ES> Covered 1C ES Short @ 1337.25 --> + 6

<szubaark> Covered all Short ES at 1337.50 --> - 0.5 «« paper »» 13:40

<NihabaAshi> Long ER2 @ 698.30 -> small size 13:43

<trendpimp> Short ES 1337

Exit 1335.75, +1.25

<Nesi> Shorts ER2 @ 697.50 -> Add

<KN-ES> Covered 1C ES Short @ 1335.25 --> + 8

h3

<zoomy> Exited all ER2 Long @ 697.50 --> - 2.2 «« paper »»

<KN-ES> Covered 1C ES Short @ 1334.25 --> + 9 13:44

<zoomy> Long ER2 @ 697.00 -> small size «« paper »» 13:45

Long ER2 @ 697.70 -> Add «« paper »» 13:46

<KN-ES> buy limit to cover ES short @ 1340.25 13:47

+2.00

nop

+ 3.00

<trendpimp> BUT ES 1336.25 13:48

Buy

Exit 1337, +.75 13:50

<Nesi> Shorts ER2 @ 697.50 -> Add 13:51

<NihabaAshi> ER2 still trying to develop a support area here. 13:52

I'm starting to lose my patience 13:55

<Nesi> Covered all ER2 Short @ 698.20 --> + 0.4

Long ER2 @ 698.50 13:56

<trendpimp> this kinda of market already killed my patience many many years ago, lol 13:57

<NihabaAshi> Pin Ball Machine price action

I feel some fear showing up

<Nesi> Exited all ER2 Long @ 698.00 --> - 0.5 13:58

<MarketDelta> Niha, no dead people? 13:59

:)))

<Nesi> Shorts ER2 @ 697.50 14:00

<NihabaAshi> Mix messages with Oil and Gold 14:01

DAX wants to go down but seems to be looking for guidance

volatility contracting again 14:02

expecting some action here soon

<zoomy> Exited all ER2 Long @ 697.90 --> + 1.1 «« paper »»

<Nesi> Shorts ER2 @ 697.50 -> Add 14:03

<MarketDelta> MARKET INTERNALS UPDATE AT 2:00PMET 14:04

- NASDAQ volume 1.24B shares, about 9% below its six-month average; decliners lead advancers by 1.3:1.

<Nesi> Shorts ER2 @ 697.00 -> Add

<NihabaAshi> Exited ER2 Long @ 697.00 --> - 1.3 14:05

Reverse and Enter Short ER2 @ 697.00

tough spot for a position reversal...that's the support area

<KN-ES> Covered 1C ES Short @ 1333.25 --> + 10 14:06

<Nesi> Shorts ER2 @ 696.50 -> Add

<zoomy> Long ER2 @ 696.40 -> small size «« paper »» 14:07

<Andy> Long ER2 @ 696.6 «« paper »»

Exited 2/3 ER2 Long @ 697.8 --> + 1.2 «« paper »» 14:08

<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 14:09

<NihabaAshi> Covered ER2 Short @ 697.90 --> - 0.9

2.4 chop range 14:10

I'm getting caught at its extrems

<zoomy> Exited all ER2 Long @ 698.40 --> + 2 «« paper »»

<Andy> Exited Remainder ER2 Long @ 698.5 --> + 1.9 «« paper »» 14:11

<codehead> YM exact retest of earlier bottom at 12330 14:12

with was .500 retrace of the major move up, within 3 ticks

<NihabaAshi> 697.00 is like a magnet 14:15

<trendpimp> LONG 1336 14:17

<Nesi> i am taking heat :/ 14:18

better now

pinball

pressure building up..imho

hope to downside :/ 14:19

<NihabaAshi> Long ER2 @ 697.50 -> small size

<trendpimp> exit 1335, -1

<Nesi> more pressure..imo 14:20

<NihabaAshi> Back at 697.00 14:21

<Nesi> amazing

<NihabaAshi> Eventually its going to lose its charm and some big boys will step in to move it fast upwards or fast downwards to shake things up a little.

<Nesi> Covered all ER2 Short @ 698.50 --> - 3 14:22

:/ 14:23

<NihabaAshi> Back at the upper price area of this killer chop 14:25

<trendpimp> LONG 1337

add 1337.75 14:27

<NihabaAshi> Exited ER2 Long @ 698.70 --> + 1.2

<Nesi> Shorts ER2 @ 698.50 14:28

<NihabaAshi> BE back later...need a time out :)

* NihabaAshi is now known as NihabaAshi_away

<szubaark> Shorts ES @ 1336 «« paper »» 14:29

<codehead> so far the bounce off the low retest resulted in .382 retrace, within a tick 14:31

.500 is 12374, .618 is 12401 14:32

<Nesi> Covered ER2 Short @ 699.00 --> - 0.5

Reverse and Enter Long ER2 @ 699.00

hard stop at 697

<codehead> YM likes to test the hundreds, so it seems it it hits 12400, with .618 right there, should be at least a quick scalp short

with a stop close by if it blows through 14:33

<szubaark> Covered all Short ES at 1338 --> - 2 «« paper »»

Buys ES @ 1338 «« paper »»

<codehead> trying to break .382 to move to next level 14:35

<KN-ES> Exited ES Long @ 1333.25 --> + 10 14:37

nop

<szubaark> nice KN

<KN-ES> Covered ES Short @ 1333.25 --> + 10

nop

Covered all ES Short @ 1340.25 --> + 3

:) 14:38

<trendpimp> exit short, 1340.25, +3.5

<szubaark> Exited all Long ES at 1341 --> + 3 «« paper »»

<KN-ES> i will have learn how to use this script

<szubaark> geez you have to be quick today on Profit AND Stops

<KN-ES> :) 14:39

<szubaark> we all have to trade like KN, Today

<KN-ES> well, i m done for the day

:)

<trendpimp> when did u enter KN? didnt see u go long

<codehead> 12398 hit

within 3 ticks of .618 retrace 14:40

<KN-ES> trendpimp --------------> that was sl exit for a short

wait

[13:20:15] <KN-ES> Reverse and Enter Short ES @ 1343.25 14:41

<codehead> .618 YM hit

<Nesi> Long ER2 @ 701.00 -> Add

<KN-ES> good trading to all, ahve a paper due, have to work on that 14:42

see you all tomorrow

<Andy> good luck KN

<codehead> and indeed the scalp short would be up 14 ticks already

<trendpimp> later KN

<KN-ES> thanks Andy, trendpimp 14:43

<trendpimp> goodluck all, im done for today 2 14:50

<anglo> relentless KN. well done. 14:51

WRB Analysis

Learn More

<codehead> the YM retrace from top of the move was 2 ticks under .618 fib level 15:03

YM bounced off the .618 retest 15:15

the geometric level working pretty good today

<Andy> Long ER2 @ 696.7 «« paper »» 15:25

Exited 2/3 ER2 Long @ 697.5 --> + 0.8 «« paper »» 15:27

exited 400 contracts holding 200 :) 15:29

oops...that was 2 and 1 :)

Exited Remainder ER2 Long @ 697.3 --> + 0.6 «« paper »» 15:34

<zoomy> Long ER2 @ 695.50 -> small size «« paper »» 15:36

* NihabaAshi_away is now known as NihabaAshi 15:37

<zoomy> Exited Remainder ER2 Long @ 964.50 --> + 269 «« paper »»

Exited all ER2 Long @ 694.50 --> - 1 «« paper »» 15:38

oops...

Long ER2 @ 694.10 -> Add «« paper »»

Exited all ER2 Long @ 693.10 --> - 3.4 «« paper »» 15:40

<Andy> Long ER2 @ 693.3 «« paper »»

<zoomy> Long ER2 @ 693.10 «« paper »» 15:42

<Andy> Long ER2 @ 692.7 -> Add «« paper »» 15:43

<zoomy> Long ER2 @ 692.60 -> Add «« paper »»

<NihabaAshi> Long ER2 @ 693.30 -> small size

<Andy> Exited 2/3 ER2 Long @ 693.6 --> + 0.9 «« paper »» 15:44

Exited Remainder ER2 Long @ 693.3 --> 0 «« paper »»

<NihabaAshi> I'm expecting some Pin Ball Machine price action to show up 15:45

<Andy> that's it for me today...hope everyone has a good evening...gn

<NihabaAshi> Nice battle ground price area in here

<zoomy> Exited 1/2 ER2 Long @ 693.00 --> + 0.4 «« paper »» 15:52

Long ER2 @ 692.30 -> Add «« paper »» 15:56

<NihabaAshi> Exited ER2 Long @ 692.70 --> - 0.6 16:00

Reverse and Enter Short ER2 @ 692.70

jumpy little booger

<zoomy> Long ER2 @ 691.60 -> Add «« paper »» 16:04

<NihabaAshi> Covered ER2 Short @ 692.10 --> + 0.6 16:05

Only the broker made money on those two trades :( 16:06

Take care everybody...time for me to go outside and clean up another big snow fall that's almost a snow storm. 16:07

When is this ever going to stop :)

Geeesh.

<codehead> i

* NihabaAshi is now known as NihabaAshi_away

<Mid7> gn all

<codehead> i'm heading off to Mammoth for a few days skiing... 16:08

<zoomy> Exited all ER2 Long @ 692.80 --> + 0.9 «« paper »» 16:09

gn all

<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 16:12

* DisconnectedSession Close: Thu Mar 27 16:32:15 2008 16:32

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