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#FuturesTrades April 1st Tuesday 2008 Trade Log

 

Russell 2000 Emini ER2 Futures

Today Month Year
+4.20 +4.20 +1099.60
$420 $420 $109,960

Profitable Trade

1058am - 1015am est

Losing Trade

1145am - 1155am est

click on image to view actual size

 

Current Performance Record

Key Trades of the Day

Profit/Loss Statement

 

General Strategy Info: The above profit/loss info represents trades by M.A. Perry (a.k.a. NihabaAshi) only and you can view more in-depth details about all trades including the key trades 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 Apr 01 09:31:35 2008Session Ident: #futurestrades
* Now talking in #futurestrades09:31
<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<Spartan>  Long ES @ 1340 -> small size «« paper »» 09:33
<eminitrader>  Long ES @ 1340 09:34
<Pat255> hi em //right dont buck the trend
<eminitrader> morn pat
<Pat255> m em09:35
<startrader>  Shorts ES @ 1341
<rickf> gm all
<PapaJon> quite the dif action in er2
<eminitrader>  Exited 1/3 ES Long @ 1342 --> + 2
<szubaark>  Shorts ES @ 1342 «« paper »»
<startrader>  Shorts ES @ 1342 -> Add
<Spartan>  Exited all ES Long @ 1341.75 --> + 1.75 «« paper »» 09:36
<ripsboy> gm all...
<futurible>  Long ER2 @ 696.5 «« paper »» 09:37
<Pat255> S i am not that brave09:38
<Spartan>  Shorts ES @ 1342.25 -> small size «« paper »»
<futurible>  Exited all ER2 Long @ 696.2 --> - 0.3 «« paper »»
<eminitrader>  Exited Remainder ES Long @ 1342 --> + 2 09:39
<szubaark> nice emin
<eminitrader> thx szu
<Spartan>  Covered all ES Short @ 1342.25 --> 0 «« paper »» 09:41
nq scared me
<eminitrader>  Long ES @ 1342 09:42
<Spartan>  Long ES @ 1342.25 -> small size «« paper »»
Exited all ES Long @ 1340.75 --> - 1.5 «« paper »» 09:44
<eminitrader>  Long ES @ 1341 -> Add 09:45
<Spartan>  Long ES @ 1341.25 -> small size «« paper »»
<startrader> 43.50 62% from 3.24 high.
<NihabaAshi>  Shorts ER2 @ 694.00 -> small size 09:47
<szubaark>  Covered all Short ES at 1341 --> + 1 «« paper »»

Buys ES @ 1341.50 «« paper »» 09:49
<Bambam-77> protect ss
<eminitrader>  Exited ES Long @ 1342 --> 0 09:50

Reverse and Enter Short ES @ 1342
<Spartan>  Exited all ES Long @ 1341.25 --> 0 «« paper »»
Shorts ES @ 1341 «« paper »» 09:51
<Pepe> gm all09:52
<NihabaAshi>  Covered ER2 Short @ 693.80 --> + 0.2
Be back later...had to dump my trade...got some family distractions.09:53
* NihabaAshi is now known as NihabaAshi_away
<eminitrader>  Covered 1/3 ES Short @ 1341 --> 0
<KiwiRoo> L41 Es.09:54

Hopefully get to 43.50 then reverse S.
<eminitrader>  Covered Remainder ES Short @ 1342 --> 0 09:55
<blp> aps
<KiwiRoo> +1.5
<Bambam-77> open re test
<Spartan>  Covered all ES Short @ 1342.25 --> - 1.25 «« paper »»
<KiwiRoo> Target all out @ 43.50.09:56
<Bambam-77> when es do not follow er something is up or visa versa
<szubaark>  Exited all Long ES at 1343 --> + 1.5 «« paper »»
<KiwiRoo> +2.5 and S09:57
43oh...
<szubaark>  Shorts ES @ 1344 «« paper »»
<eminitrader>  Long ES @ 1344
<KiwiRoo> S 44.50

Stop 45.50 :)09:58
<KN-ES> nice trade KiwiRoo
<Spartan>  Long ES @ 1343.50 -> small size «« paper »» 09:59
* NihabaAshi_away is now known as NihabaAshi
<KiwiRoo> wow... look at that... crap.10:00
<KN-ES>  Shorts ES @ 1347.75
<eminitrader>  Exited 1/3 ES Long @ 1346 --> + 2
<KiwiRoo> tx...
LOL
<eminitrader>  Exited 1/3 ES Long @ 1350 --> + 6
<Pat255> vn em ...geez L side
<NihabaAshi>  Long ER2 @ 698.40 -> small size 10:01

intuition
<Bambam-77> 1350.50 is in the cards
<eminitrader> thx pat...
<rickf> nice em
<eminitrader> thx r
<KiwiRoo> S 48.75 late.10:02
<KN-ES>  Shorts ES @ 1349 -> Add
<Bambam-77> 701.50 er
<KN-ES> s.l 53.50
<Spartan>  Exited all ES Long @ 1347.50 --> + 4 «« paper »» 10:03
<NihabaAshi> tightning up my trailing stop
<fierce>  Long ES «« 1347.50 »» 10:04
<eminitrader>  Exited Remainder ES Long @ 1349 --> + 5
<Spartan>  Shorts ES @ 1347 -> small size «« paper »» 10:06
<NihabaAshi>  Exited all ER2 Long @ 688.90 --> - 9.5 10:08

ooops
<KiwiRoo> +2
<NihabaAshi>  Exited all ER2 Long @ 698.90 --> + 0.5
<fierce>  Exited Long ES «« 1346.50 »» - 1 10:10
<KiwiRoo> +310:11
<NihabaAshi> We have about 56 traders in here and only 15 are participating :(
<KiwiRoo> all out.. 45.00... out of contracts

gonna L.10:12
<Spartan>  Covered all ES Short @ 1345 --> + 2 «« paper »»
  
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) 
  
<NihabaAshi> Tomorrow I will put back the password to keep out those that are not registered members.
<Pat255> cud notis move up S with t
<eminitrader>  Long ES @ 1345
<szubaark> nice Spartan
<Spartan> thanks

rough trading for me lately
<lumenPharmer> s er at 700 again, will se what the third push looks like10:13
<Pat255> will play L side only..
<NihabaAshi> I'll post the password tonight at the usual place for the password @ http://thestrategylab.com/forum/index.ph p?topic=32.0
<Pat255> kty n
<rickf> gotcha10:14
<Pat255> L 45 es
<rickf> should be back to fully-trading again during the day on Mon after i get back from trip10:15
<Spartan>  Long ES @ 1345.75 -> small size «« paper »»
<NihabaAshi>  #FuturesTrades New Password ->  New password beginning April 2nd Wednesday will be posted @ http://thestrategylab.com/forum/index.ph p?topic=32.0 and to become a member (it's free), follow instructions @ http://www.thestrategylab.com/FuturesTra desChatRoom.htm 10:16
<KN-ES> auto sales for last 2 months are lowest in last 10 yrs10:17
<Pat255> no surprise ..
<eminitrader>  Exited ES Long @ 1346 --> + 1 10:18

Reverse and Enter Short ES @ 1346

be back guys ..stop @ 48.5010:19
<fierce>  Long ES «« 1346.00 »»
<lumenPharmer> s er 699.7010:20
<NihabaAshi>  Long ER2 @ 699.40 -> small size
intuition
O
I'm bullish
<fierce>  Exited 1/2 Long ES «« 1347.50 »» + 1.5 10:21
<NihabaAshi>  Exited ER2 Long @ 699.50 --> + 0.1 10:22
<Spartan>  Exited all ES Long @ 1345.75 --> 0 «« paper »»
<fierce>  Exited Remainder Long ES «« 1346.00 »» 0 10:23
<Spartan> :(

should have taken it
<lumenPharmer> out at 699.00 +.70
in early, missed the push over 70010:24
<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
<lumenPharmer> sometimes you get the rub, sometimes the pop, glad it fell back ;)10:25
<eminitrader>  Shorts ES @ 1347 -> Add
<fierce>  Short ES «« 1347.00 »» 10:26
<lumenPharmer> will not short unless we get under that 797.50 2nd low10:27

697.50
<szubaark>  Covered all Short ES at 1348 --> - 4 «« paper »» 10:29
Buys ES @ 1348 «« paper »»
<fierce>  Added Short ES «« 1348.25 »» 10:30
<szubaark> feels strong
<eminitrader>  Covered all ES Short @ 1348.50 --> - 4

Long ES @ 1347.50 10:31
<lumenPharmer> still working on mini hang seng info, using IB demo account for it, i will let u know
<KiwiRoo> Looking to S @ 49 - 50.5010:32
<Spanish-man> HELLO
<KN-ES> lumenPharmer.....you cannt trade mini hangseng from US
<lumenPharmer> not even using IB account?10:33
<KN-ES> nop
<lumenPharmer> using demo right now, crap ;(
<KN-ES> only way is to open an account with Hongkong borker

its a back door

entry
<Bambam-77> pos es trgt 55.5010:34
<lumenPharmer> ok thanks :) bummer
<Bambam-77> 704.8 er
<KN-ES> broker = borker
<fierce>  Trailing Stop Hit ES «« 1349.75 »» - 1.5
<eminitrader>  Exited 2/3 ES Long @ 1350 --> + 2.5 10:35
<fierce>  Short ES «« 1350.00 »» 10:36
<szubaark>  Exited all Long ES at 1350 --> + 2 «« paper »»
<fierce>  Moved Trailing Stop to Breakeven ES at 1350.00 10:37
<eminitrader>  Exited ES Long @ 1348.50 --> + 1 10:38

Reverse and Enter Short ES @ 1348.50
<KN-ES>  Shorts ES @ 1349.50 10:40
add
<eminitrader>  Covered ES Short @ 1349.50 --> - 1

Reverse and Enter Long ES @ 1349.50
<fierce>  Trailing Stop Hit ES «« 1350.00 »» 0 10:41
<lumenPharmer> so first day new quarter, oil & metals & bonds down, financials tek dollar up, so far
<Bambam-77> using 47.5 as ss trigger and trail stp for long
<eminitrader>  Exited 2/3 ES Long @ 1351.50 --> + 2
<Bambam-77> 55.50 deff doable10:42
new trigger 48.510:43
<eminitrader>  Exited Remainder ES Long @ 1351 --> + 1.5 10:44
<fierce>  Short ES «« 1350.25 »» 10:46
<jsbach-> short ES 1349.7510:47
<fierce>  Added Short ES «« 1349.50 »» 10:49
<NihabaAshi>  Long ER2 @ 701.00 -> small size 10:52
<Spanish-man> donde esta nesi?
<NihabaAshi> intuition...1 only
<Bambam-77> trgt 55.5 or stp 48.5 runner
<NihabaAshi>  #FuturesTrades New Password ->  New password beginning April 2nd Wednesday will be posted @ http://thestrategylab.com/forum/index.ph p?topic=32.0 and to become a member (it's free), follow instructions @ http://www.thestrategylab.com/FuturesTra desChatRoom.htm

Long ER2 @ 701.50 -> Add 10:53
<fierce>  Trailing Stop Hit ES «« 1351.00 »» - 1.5 10:54
<Bambam-77> 04.8 come on10:55
<NihabaAshi>  Exited all ER2 Long @ 701.70 --> + 0.9
<Bambam-77> 1350 stp now
<NihabaAshi> That's +0.7 + +0.210:56
<Bambam-77> 00.50 er stp
<fierce>  Short ES «« 1353.00 »» 10:57
<NihabaAshi>  Long ER2 @ 702.30 -> small size 10:58
<fierce>  Added Short ES «« 1354.00 »»
<eminitrader>  Shorts ES @ 1354
<Bambam-77> 51.25 stp now10:59
<NihabaAshi> Looks like the market is getting ready to take a breather if it pops to the upside one more time.11:00
<fierce> hope 1354 sticks
<NihabaAshi>  Exited 2/3 ER2 Long @ 703.10 --> + 0.8 11:01
<szubaark> amazing, no pullbacks, just keeps creeping higher
<Bambam-77> 55.50 come on11:02

52.25 stp
<eminitrader> shld see some kinda of a pullback around this area ES
<NihabaAshi>  #FuturesTrades New Password ->  New password beginning April 2nd Wednesday will be posted @ http://thestrategylab.com/forum/index.ph p?topic=32.0 and to become a member (it's free), follow instructions @ http://www.thestrategylab.com/FuturesTra desChatRoom.htm 11:03

Exited Remainder ER2 Long @ 702.50 --> + 0.2 11:04
<jsbach-> hoping for a modest pullback during lunch, then rally.11:08
<KN-ES>  Shorts ES @ 53.25 11:13

s.l 55.7511:14
<jsbach-> expecting resistance 1356
<eminitrader> why ?
<jsbach-> comfort level for price11:15
according to price histogram
<eminitrader> comfort level ?

k thx
<jsbach-> yeah, price has spent lots of time there previously
<eminitrader> k
<KiwiRoo> this might be change of trend on this break below. 52.11:18
<Nesi>  Shorts ER2 @ 702.10 11:19
<KiwiRoo> step up your gears sellers..11:20
<KN-ES> as long as dax doesnt break 680011:21
<KiwiRoo> hehe.. don't worry.... ES will go....11:22
lalala...
<eminitrader>  Covered 1/2 ES Short @ 1352 --> + 2 11:23
<KN-ES> dax is leading today, i guess, and makes window for atleast 3 points everytime
<KiwiRoo> guess I need to put the DAX back on my chart then..11:24
<KN-ES> thats ur call, but ym should work fine too, its very close to dax11:25
<KiwiRoo> but as Long as ES doesn't get above 54.50, we're not going anywhere imo.11:26
* codehead_afk is now known as codehead11:27
<KN-ES> we may go up again from 135011:29
<KiwiRoo> can't argue on that..... :) ib11:30
<eminitrader>  Covered ES Short @ 1352 --> + 2 11:31

Reverse and Enter Long ES @ 1352
<KN-ES> volume st level already -1
so losts of buy order kicking in11:32
lots = losts
so unless someone tries to hunt s.l.....it still bullish
its
<eminitrader>  Exited 1/2 ES Long @ 1354 --> + 2 11:35
<KiwiRoo> hopefully failure around here again.11:36
<eminitrader>  Exited ES Long @ 1353 --> + 1 11:38

Reverse and Enter Short ES @ 1353
<NihabaAshi>  Shorts ER2 @ 701.10 -> small size 11:45
intuition...2 only
<eminitrader>  Covered 1/3 ES Short @ 1351.50 --> + 1.5 11:46
<KiwiRoo> .....11:51
go down........... :)
<eminitrader>  Covered Remainder ES Short @ 1353 --> 0 11:52
<brotherofjared> Short ER2 701.8- paper
<NihabaAshi>  Covered ER2 Short @ 702.00 --> - 0.9 11:55
<jsbach-> did anyone else notice MACD divergence on ES between 4:15am-8am ?11:57
<KiwiRoo> 54.50 still holding on... hanging on the edge.

L.11:58
<NihabaAshi>  Long ER2 @ 702.80 -> small size 11:59
<KN-ES> 59 next, i guess12:00
<szubaark> just keeps creeping higher, no pullbacks
<KiwiRoo> i got 56.50, 58.25, 59.50.....12:01
<KN-ES> that will be tomorrow
<KiwiRoo> what would12:02
<KN-ES> the pull back
<KiwiRoo> yeah..... either that or flat day i guess
<KN-ES> the way it is now it may go as high as 7912:03
<jsbach-> http://stealth.kirenet.com/~r1chard/macd .jpg
<NihabaAshi> WRB12:04
<KN-ES> and still holding 6800
<brotherofjared> Niha- WRB 2m ER@?12:05
ER2?
<eminitrader>  Shorts ES @ 1355.50
<NihabaAshi> Yeah...could have been a profit target had I been Short @ 702.6012:06
<fierce>  Trailing Stop Hit ES «« 1355.00 »» - 1
<NihabaAshi> volatility contracting again12:07
<brotherofjared> Still riding short
<KN-ES>  Shorts ES @ 1357 12:08
<eminitrader>  Shorts ES @ 1357 -> Add
<KN-ES> sl 59.2512:09
<brotherofjared> Covered short ER2 703.2 -1.7 :( paper- :)12:10
<NihabaAshi>  Exited ER2 Long @ 703.10 --> + 0.3 12:11
<eminitrader>  Covered 1/2 ES Short @ 1356 --> + 1 12:12

Covered Remainder ES Short @ 1356.50 --> - 1 12:13

Shorts ES @ 1357 12:14

Covered all ES Short @ 1358 --> - 1 12:17
<Pat255> geez up up ,,,no let up
<KN-ES>  Shorts ES @ 1359.25 12:18
<eminitrader>  Shorts ES @ 1359.50 12:19
<zoomy>  Shorts ER2 @ 704.60 «« paper »»
<Bambam-77> so much love today flat at trgt
<KN-ES> 62.7512:20
<Bambam-77> 61.50 is next and i am flat
o well
<eminitrader>  Covered all ES Short @ 1360 --> - 0.5 12:22
<KN-ES> it will go up, idea is having a long in one account and having an order ready in each resistance, so that you can secure your profit
having a short in another account12:23
<Bambam-77> i do that all the time
<KN-ES> then you already know :)
<Bambam-77> to many scalps in ss account12:24
<eminitrader>  Shorts ES @ 1359.50
<Bambam-77> point here point there

swing long was the gold mine this am
<KN-ES> humm
<Bambam-77> only held for fisrt profit trgt had to leave with braket in place stp or trgt12:26

got my 55.5
<fierce>  Short ES «« 1360.25 »»
<KN-ES> actually it broke out in yesterdays london session12:27

ym joined late at 410
<Bambam-77> next lvl is 64.5 pos trgt
<KN-ES> 13410
<eminitrader>  Covered all ES Short @ 1359.50 --> 0 12:30
<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
<fierce>  Added Short ES «« 1359.75 »»
<brotherofjared>  Shorts ES @ 704.3 -> small size 12:32
<fierce> have offers layed out uup here, getting no fills
<brotherofjared> oops ER2
<fierce> tells me no buyers ... yet anyways
pulled my offers, gonna sit with what I have and give it time12:36
<brotherofjared>  Covered all ER2 Short @ 703.4 --> + 0.9
<fierce>  Moved Trailing Stop ES to 1360.00 12:39
just need ES to break 1358
<eminitrader>  Shorts ES @ 1359 12:44

Covered 1/2 ES Short @ 1357 --> + 2 12:51
<fierce>  Covered 1/2 Short ES «« 1357.00 »» + 3
<szubaark> nice Shorts emini, fierce13:01
<eminitrader>  Covered Remainder ES Short @ 1358.50 --> + 0.5 13:02
thx szu
<NihabaAshi>  #FuturesTrades New Password ->  New password beginning April 2nd Wednesday will be posted @ http://thestrategylab.com/forum/index.ph p?topic=32.0 and to become a member (it's free), follow instructions @ http://www.thestrategylab.com/FuturesTra desChatRoom.htm 13:10
<futurible>  Long ER2 @ 703.6 «« paper »» 13:11
<fierce>  Trailing Stop Hit ES «« 1360.00 »» 0 13:15
<Bambam-77> no power powering down
<futurible>  Exited 3/4 ER2 Long @ 704.6 --> + 1 «« paper »» 13:16
<fierce> buyers back from lunch
<NihabaAshi>  Shorts ER2 @ 704.40 -> small size
<silo> intuition i assume?13:18
<futurible>  Exited Remainder ER2 Long @ 704.1 --> + 0.5 «« paper »» 13:19
<NihabaAshi>  Covered ER2 Short @ 704.30 --> + 0.1 13:21
:(13:22
<zoomy>  Shorts ER2 @ 705.40 -> Add «« paper »» 13:25
<fierce>  Short ES «« 1362.00 »» 13:32
<eminitrader>  Shorts ES @ 1362
<fierce> :)13:33
not an easy day to be short13:36
<KN-ES>  Shorts ES @ 1362

s.l 63.25

s.l 64.2513:38
<eminitrader>  Covered 1/2 ES Short @ 1360 --> + 2 13:39
<jsbach-> anyone familiar with the RMO indicator?13:42

the one that's included with metastock pro?13:43
<eminitrader>  Covered 1/3 ES Short @ 1359 --> + 3
hld 113:44
<jsbach-> wrong window
<zoomy>  Covered 1/3 ER2 Short @ 703.70 --> + 1.7 «« paper »»
<Nesi>  Shorts ER2 @ 704.00
<eminitrader>  Covered ES Short @ 1358.50 --> + 3.5 13:45
Reverse and Enter Long ES @ 1358.50
high probability - attempt to test highs13:47
<KN-ES> sl 65.2513:48
<fierce>  Covered 1/2 Short ES «« 1359.00 »» + 3 13:50
<eminitrader> likely profit taking area by the earlier longs...need new buyers13:52
<Pat255> y..
<fierce> mrkt giving 3 points on shorts, not much more it seems13:53
<eminitrader> well on a 36 piont plus day what more to expect13:54
<Nesi>  Shorts ER2 @ 704.30 -> Add
<fierce> yep
<eminitrader> need to see ifsellers join the profit takers13:55
<Nesi>  Shorts ER2 @ 703.50 -> Add
<eminitrader>  Exited all ES Long @ 1358 --> - 0.5
<fierce> one can only hope
<tim_a1> just got bullish e-mail from john murphy of stockcharts.com - so it's safe to short now - LOL13:56
<eminitrader>  Long ES @ 1358 13:57
he heh he
<tim_a1> whipsaw johnnie13:58
<eminitrader> no selling pressure14:00
looks like longs r hlding onso far
<Nesi>  Shorts ER2 @ 703.00 -> Add 14:02
<eminitrader>  Exited all ES Long @ 1357.50 --> - 0.5
Long ES @ 1357.25 14:04
Exited 1/3 ES Long @ 1358.75 --> + 1.5 14:10
had a limit @ 59.25 :(14:11
now 60.25 next target14:12
<fierce> this should lift from here for a new high

run to the close14:13
<eminitrader> see no new buyers and not enough sellers to cover...
<fierce> yep14:14
<KN-ES> :)
<Pat255> em just from the vol u look for buyers etc
<KN-ES> once longs start taking profit out, there should be a free fall
<eminitrader> if price hovers around here ...profit takers may start kicking in ...
<fierce> hope your rite KN
<KN-ES> back to 26.25

or atleast 30.25

:)
<fierce> i will take 55 ... lol14:15
<lisa> today?KN?

back to 50 is ok

no need 26.25
<KN-ES> :)
<fierce> im holding for 55 or b/e
<lisa> look like 57 is hard to crack for now
<fierce> well 58 is support from earlier14:16
<eminitrader> dont see that happening today ...max rebound for today - 1348-1352 area
<fierce> im hoping for a break of 58 down to 55
<KN-ES> it will most likely happen over night during globex session...........that what happen last ngt
thats14:17
<eminitrader> 48-53 ideal area
<lisa> so , toniht will pull back or go up to 73?
<KN-ES> the way it was going up, i though it gonna hit 79

but lost its way in the middle,
<eminitrader> well it first needs to brek 1356---thats the floor for now14:18
<KN-ES> this is what happens when price start going up or down for no good reason

someone somewehre trying to hunt stops in both sides :)
<fierce> on the daily chart we are back at that high from last week
so ES found the high and stalled14:19
<KN-ES> in such a low vol day like today, it doesnt take that much to push the price either way, i guess
<lisa> last 15 min today will be fun
might pb hard
if top is in already at 62.5014:20
<eminitrader>  Exited 1/3 ES Long @ 1360.25 --> + 3
<KN-ES> lisa .. i agree :) .. last 15 min always interesting
<lisa> y14:21
<fierce>  Trailing Stop Hit ES «« 1362.00 »» 0
<lisa> sometime take all stop then down then

it happened lately a lot
<fierce> took what 2 minutes to flush my stop from 5 points away... lol
<KN-ES> :)

well safe is if you play with two accounts

one for long and one for short, lock the profit in every swing14:22

with double size entry
<Pat255> back to 62 ...for S?14:23
<eminitrader>  Exited 1/3 ES Long @ 1362.25 --> + 5

ihld 114:24
<Pat255> vn ..
<KN-ES> nice trade emini
<eminitrader> thx pat
thx KH
<KN-ES> the price going up for scale out exits

not much volume
<eminitrader> yep ..14:25
but on a day like this u dont need volume..
on the side of the trend
<KN-ES> :)14:26
<Bambam-77> 64.75 would be nice trgt
<fierce> if they cant hold this high here, then we have a double top

a big double top
<KN-ES> dax and es, confirmed b/o should do a good job
<fierce>  Short ES «« 1362.25 »» 14:27
<KN-ES> well, sale is still high compare to buy
so not much hope at this moment to go up14:28
<eminitrader> rs may creep up to 1368-70 area before seeing significant res @ 1364 SP...
<KN-ES> but you never know ....
we can only count few ticks this or that side
<eminitrader> rs=es
<fierce> buyers not accepting price above 6214:29
<KN-ES> 79 looks like a very good resistance

84.75 and 89
<eminitrader> yep...looks like 1356 is the floor for today...low probability of seeing the mrkt settle below that today..
<zoomy>  Covered Remainder ER2 Short @ 704.60 --> 0 «« paper »» 14:33
<fierce>  Added Short ES «« 1363.75 »» 14:35
<Pat255> i doŽnt know why the market is so strong today. lol14:36
<fierce>  Added Short ES «« 1364.00 »»
<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
<fierce> lately these double tops always seem to fail14:37
<Pat255>  Bear Market rally ?
<KN-ES> :)14:38
finally
<fierce>  Trailing Stop Hit ES «« 1365.50 »» - 1.5
<KN-ES> hr and 25 min14:39
nice timing for a trend change if it does happen14:40
Shorts ES @ 1366
s.l 6714:41
sl 6814:43
<codehead> YM broke previous peak by 6 ticks, stalling at the previous peak (12620), from 3/24

an obvious resistance point

cuz Ym died hard at 12620 last time

and entered a week-long downtren14:44
<fierce>  Short ES «« 1366.00 »»
<Andy>  Shorts ER2 @ 706.4 «« paper »»

Shorts ER2 @ 706.4 14:45
<KN-ES> shoud atleast see 63.514:46
<Andy>  Covered 1/2 ER2 Short @ 705.9 --> + 0.5

Covered Remainder ER2 Short @ 706.8 --> - 0.4 14:49
<fierce>  Added Short ES «« 1366.50 »» 14:50
<Andy>  Shorts ER2 @ 707.5 14:51

Covered all ER2 Short @ 708 --> - 0.5 14:53
<fierce>  Added Short ES «« 1367.50 »»
<eminitrader>  Exited ES Long @ 1367.75 --> + 10.5 14:54

Reverse and Enter Short ES @ 1367.75
<fierce> nice trading emini14:55
<eminitrader> SP at res ...

thx f
<KN-ES>  Shorts ES @ 1367.75
s.l 68.75
<eminitrader> this one is 2 lots only
<jsbach_> sob going to hit without pullback
<brotherofjared> pull back coming....14:56
<KN-ES> sl 69.75
<eminitrader> not ecpecting much from these shorts today..14:57
<lisa> last hour will be interesting
lately
<eminitrader> prolly see any decent pullback tomorrow
<KN-ES> sl 70.7514:58
<eminitrader> sellers coming or profit taking ...looks like SP 1364 offering some res14:59
<KN-ES> profit taking its less then 16k in either side
  
WRB Analysis
  
<eminitrader>  Covered 1/2 ES Short @ 1363.75 --> + 4 15:00

exit stop moved to breakeven ES @ 1367.75
<KN-ES> nice trade
<eminitrader> excellent strat to the month :))

thx KH15:01
<KN-ES> u welcome
<fierce> H&S top perhaps ?15:04

real obvious on NQ chart15:05
<KN-ES> sl 71.75
<eminitrader>  Covered Remainder ES Short @ 1367.75 --> 0 15:10

good trading all
<fierce>  Trailing Stop Hit ES «« 1367.50 »» - 1 15:11
Short ES «« 1368.00 »» 15:17
avg 67.75
had orders at 67.50 and 68
<KN-ES> nice entry15:18
<fierce> thx, i go for the obvious... lol
i figure they are selling 68 so i will also15:19
<KN-ES> :)

allow some breathing space till your s/l15:20
<fierce> yep
im trying to get into position for a swing
<KN-ES> coz this time it will go crazy for a while
<fierce> keep getting swept ou
out
<KN-ES> cool
<lisa> swing short?fierce?
<fierce> yeah
<lisa> tomm might pull back .628% fib?15:21
at least
<fierce> dunno for sure15:22

more just an overnight gap down type of trade

the fib ratios are over my little head15:23
<KN-ES> :)
<fierce> i use 30% and 50% retracements for profit targets...15:25

so perhaps a 30% retracement ?
<lisa> but dont u think market o/s?15:26
might keep going up
<fierce> on a trend day, you have to expect a close on the high
<startrader> Looking for a move to 59 handle here if 15 min close is bad. SP loves 1366.60 though, remember 13 is the 6th prime number.
<fierce> so yeah this should close strong15:27

obviously the longs are hoping for a breakaway gap up opening

im hoping they are wrong :)
<KN-ES> :)
no one will place new orders now, thats my guess15:28
<rickf> today's been a day for longs to make sure their positions are covered for the inevitable pullback

is what i've been doing w/my equity portfoio
<KN-ES> so, in that sense, only profit.loss taking will move the market at this point
<lisa> sometime trick , last 15 minuites pull back hard
<rickf> yup15:29
<lisa> they want to take all stop before pb 15 minui
<KN-ES> well. either way it will spike up, then go down sharply
<lisa> and scare shorter to give up
<KN-ES> :)
<rickf> heh
<KN-ES> well, if traders start taking profits, bid ususaly gets in control for a little while :)15:30
<futurible>  Covered all ER2 Short @ 708 --> - 1 «« paper »»
<rickf> had to lay on a few more protective options strategies on my long-term stuff
and we go sliiiideing into the close
<fierce> factory orders tomorrow, so we might get another 350 on the dow if that comes in weak.... lol15:33
<rickf> yeah but ben speaks @ 10
<lisa> fiece
<rickf> senate banking comm hearing
<fierce> yeah markets will be jumpy for that15:34
<lisa> 350 down or another 350 up?
<startrader> Exporting manufacturers are booming, hence better than expected ism. God bless the weak dollar.
<rickf> maybe ben and a weak factory # will offset? :)
<fierce> feeling some love on this short now15:35
<KN-ES> :)
good luck
<Andy> vn fierce, a lot of love there
<fierce>  Covered 1/3 Short ES «« 1362.50 »» + 5.25
<rickf> nice15:36
<fierce> thanks :)
will sit on the rest and hope for the world to fall apart :)
<rickf> always the optimist
<fierce> always :)15:37
<KN-ES> :)

well, as spike is still due ......:)15:38
<lisa> teasing shorter15:40
lol
<fierce> here comes your spike KN
<KN-ES> its the profit taken gap in volume
:)
<fierce> KN, maybe we see the spike tomorrow at 10 am ?15:42
<KN-ES> no idea
its a long time in between
<lisa> yes
<KN-ES> i only check last 30 min max
<lisa> true15:43
<KN-ES> you can never be sure of some rich idot form m.est and globex session
<fierce> lol15:44
<startrader> Gap from 2.28 filled. Monthly r1 at 71 handle.15:45
<fierce>  Added Short ES «« 1369.50 »» 15:46

market forcing last shorts out

no one allowed to be short by the close :)
<startrader>  Shorts ES @ 1369 15:47
<KN-ES> be carefull lots of order flowing in

looks like we will see a new high before anything15:48
<NihabaAshi>  #FuturesTrades New Password ->  New password beginning April 2nd Wednesday will be posted @ http://thestrategylab.com/forum/index.ph p?topic=32.0 and to become a member (it's free), follow instructions @ http://www.thestrategylab.com/FuturesTra desChatRoom.htm 15:49
<fierce> KN, excellent call on the spike
<KN-ES> thanks
<Andy> mutual fund managers are obligated to put deposits to work in stocks15:52
<KN-ES> well, that the new high
<Andy> 1st day of month, 1st day of quarter
<KN-ES> yes15:53
<Andy>  Shorts ER2 @ 708.5 15:54
* sep34 is now known as sep34_away
<Andy>  Covered all ER2 Short @ 708.4 --> + 0.1 15:55
<startrader>  Shorts ES @ 1371.25 -> Add 15:56
<NihabaAshi> Looks like I missed a lot of the pm trading session fun :)15:57
<Andy> if you were long it was fun :)15:58
<NihabaAshi> :)
<KN-ES> :)
<lisa> yes

long is happy
<KN-ES> finally i m out and done . .. for the day15:59
take care all , see u all tomorrow.
<fierce> take care KN

:)
<rickf> later
* KN-ES is now known as KN-A-16:00
<werner> gn rickf ,all16:03
<rickf> later werner
<anglo> till tomorrow ladies and gentlemen
<rickf> later all16:05
<Andy> gn all
<NihabaAshi>  #FuturesTrades New Password ->  New password beginning April 2nd Wednesday will be posted @ http://thestrategylab.com/forum/index.ph p?topic=32.0 and to become a member (it's free), follow instructions @ http://www.thestrategylab.com/FuturesTra desChatRoom.htm 16:15

I'll post the password tonight at that link around 8pm est16:16

Take care all...I spent most of the day taking it easy due to nursing a badly pinched nerve in my neck.

See all tomorrow.16:17
* NihabaAshi is now known as NihabaAshi_away
<T-stop> tks, take care

see ya
<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.htm16:39
* DisconnectedSession Close: Tue Apr 01 16:49:51 200816:49
  
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