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#FuturesTrades April 2nd Wednesday 2008 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+15.90	+20.10	+1115.50
$1,590	$2,010	$111,550

Profitable Trade

1339pm - 1416pm est

Losing Trade

0943am - 0948am 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 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 Apr 02 09:20:01 2008Session Ident: #futurestrades

* Now talking in #futurestrades 09:20

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

<Bambam-77> Shorts YM @ test «« Scalp »»

<stoch08> Gm every 1

<rickf> gm all

<futurible> gm all 09:21

<T-stop> gm

<Bambam-77> not sure if this script working right using 6.21 mirc with 3.6 script

<NihabaAshi> Bambam...looks ok so far 09:22

<Bambam-77> cancelled all open limit orders «« Scalp »»

<stoch08> Long YM @ 1000 «« testing »»

<Bambam-77> Covered 1/3 YM Short @ 12345 --> + test - 12345 «« Scalp »» 09:23

ok i think we ok

<rickf> banbam was ok this time

<PapaJon> gm all 09:24

<Bambam-77> if in pos protect ss

<Andy> gm all, Ben scheduled to speak 0930 before Senate Banking Committee 09:26

<Bambam-77> we in chop now 3 min to open 09:27

<szubaark> Shorts ES @ 1372.25 «« paper »» 09:31

<anglo> gm 09:32

<lumenPharmer> gm

<szubaark> Covered all Short ES at 1370 --> + 2.25 «« paper »» 09:33

<eminitrader> Shorts ES @ 1372.50 09:34

<tg8> gm all 09:35

<szubaark> Shorts ES @ 1372.75 «« paper »» 09:37

<Bambam-77> Shorts ES @ 1373.25 «« Scalp »» 09:38

Covered 1/3 ES Short @ 1370.25 --> + 3 «« Scalp »» 09:39

<eminitrader> Covered 1/2 ES Short @ 1369.50 --> + 3 09:40

<szubaark> nice Shorts guys

<Bambam-77> want 67 area 09:41

<eminitrader> yep :)

<szubaark> Covered all Short ES at 1369.25 --> + 3.5 «« paper »»

<Bambam-77> Covered 1/3 ES Short @ 1368.75 --> + 4.5 «« Scalp »» 09:42

runner left

b/e stp +tic

<NihabaAshi> Shorts ER2 @ 707.80 -> medium size 09:43

<KN-ES> Long ES @ 1369.50 09:44

Exited 1/2 ES Long @ 1370.50 --> + 21.5

<Bambam-77> exit stop set ES @ 1372 «« Scalp »»

<werner> gm all 09:45

<eminitrader> Shorts ES @ 1371.50 -> Add

<KN-ES> Exited 1/4 ES Long @ 1371.50 --> + 2

Exited ES Long @ 1369.50 --> 0 09:46

Reverse and Enter Short ES @ 1369.50

<Bambam-77> er to 700.10 would be nice

<eminitrader> Covered 1/3 ES Short @ 1369 --> + 2.5

<Bambam-77> 1353.75 es 09:47

<KN-ES> Covered all ES Short @ 1370 --> - 0.5

<szubaark> Shorts ES @ 1369 «« paper »»

<KN-ES> Shorts ES @ 1369.50

Covered 1/2 ES Short @ 1368.50 --> + 1

s.l 70.50 09:48

<eminitrader> Covered ES Short @ 1369.50 --> + 3

Reverse and Enter Long ES @ 1369.50

<NihabaAshi> Covered ER2 Short @ 709.30 --> - 1.5

<talickca> Morning

<eminitrader> Exited ES Long @ 1369.50 --> 0 09:50

Reverse and Enter Short ES @ 1369.50

<NihabaAshi> Shorts ER2 @ 708.20 -> medium size

<eminitrader> Covered 1/2 ES Short @ 1368 --> + 1.5 09:51

<KN-ES> Covered 1/4 ES Short @ 1368 --> + 1.5

<eminitrader> Covered ES Short @ 1368.50 --> + 1 09:52

Reverse and Enter Long ES @ 1368.50

<Pepe> gm all

<szubaark> exit stop moved to breakeven ES @ 1369 «« paper »» 09:53

<eminitrader> Exited ES Long @ 1368 --> - 0.5

Reverse and Enter Short ES @ 1368

Covered 1/2 ES Short @ 1367.50 --> + 0.5 09:55

<KN-ES> Covered 2C ES Short @ 1366.50 --> + 3

<talickca> Long ES @ 1366.50

Exited all ES Long @ 1367.25 --> + 0.75 09:56

<eminitrader> Covered Remainder ES Short @ 1367.50 --> + 0.5

<szubaark> Covered all Short ES at 1367.75 --> + 1.25 «« paper »» 09:57

<eminitrader> Shorts ES @ 1368.50

Covered 1/3 ES Short @ 1367.50 --> + 1 09:58

Covered Remainder ES Short @ 1368.50 --> 0 09:59

<szubaark> Buys ES @ 1367.25 «« paper »» 10:01

<eminitrader> Shorts ES @ 1367.50

<NihabaAshi> Covered 3/4 ER2 Short @ 706.80 --> + 1.4 10:02

<eminitrader> Covered all ES Short @ 1367.50 --> 0 10:03

<Bambam-77> Covered Remainder ES Short @ 1366.75 --> + 6.5 «« Scalp »» 10:04

<NihabaAshi> Covered Remainder ER2 Short @ 707.80 --> + 0.4

<szubaark> Exited all Long ES at 1368.25 --> + 1 «« paper »»

<eminitrader> Shorts ES @ 1369 10:06

Covered 1/2 ES Short @ 1368 --> + 1 10:08

Covered Remainder ES Short @ 1369 --> 0 10:09

Shorts ES @ 1370

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)

<szubaark> Shorts ES @ 1369.50 «« paper »»

<eminitrader> missed partial exit by 1 tick :(( 10:11

<talickca> Long ES @ 1368.0 10:14

<eminitrader> good fill..i am still waiting

<talickca> Exited Remainder ES Long @ 1368.75 --> + 0.75

tricky 10:15

<szubaark> Covered all Short ES at 1369.50 --> 0 «« paper »»

Shorts ES @ 1368.50 «« paper »» 10:16

<eminitrader> Covered 1/2 ES Short @ 1368 --> + 2 10:17

finally :)

<talickca> nice

<eminitrader> thx

<talickca> Long ES @ 1367.75 10:19

Exited Remainder ES Long @ 1368.50 --> + 0.75 10:20

<eminitrader> Covered Remainder ES Short @ 1369 --> + 1

later guys

<talickca> I should have let that one run 10:21

later

<szubaark> bye

<jperl> done for the morning.....trades here.... 10:25

http://charts.dacharts.com/2008-04-02/JP ERL1.png

<NihabaAshi> Thanks jperl 10:26

<jperl> yw

<talickca> Long ES @ 1372.50 10:28

Exited all ES Long @ 1371.75 --> - 0.75 10:29

<stoch08> Long YM @ 12640 «« paper »» 10:30

<talickca> Long ES @ 1372.50 10:31

Exited all ES Long @ 1374.00 --> + 1.5 10:32

<NihabaAshi> Long ER2 @ 714.10 -> medium size

<stoch08> Exited all YM Long @ 12646 --> + 6 «« paper »»

<NihabaAshi> Exited 3/4 ER2 Long @ 715.20 --> + 1.1 10:41

Exited Remainder ER2 Long @ 714.60 --> + 0.5 10:43

Long ER2 @ 715.30 -> small size 10:53

intuition only

<zoomy> Shorts ER2 @ 715.10 «« paper »»

<NihabaAshi> Yesterday I got taken out of a few trades (trailing stop being hit) for small profits to only see it turn around and go higher. 10:54

Will try to find a position trade today and leave it alone although it doesn't look good for such after already such a strong move upwards. 10:55

Thus, most likely I will be day trading the remainder of today because I've already missed the position trade opportunity. 10:56

Exited 2/3 ER2 Long @ 716.50 --> + 1.2 10:57

<talickca> nice trade 10:58

<NihabaAshi> On days like today and yesterday...my normal method doesn't signal too many trades.

Thus, I rely more on my market experience (intuition) for trade opportunities.

<talickca> Yesterday killed me with that long uptrend 10:59

<szubaark> yup creeper trends with no pullbacks are Brutal if you going against it

<talickca> Exactly.

<szubaark> we dont get many creeper trend days, but when they do appear a lot of people are never seen again 11:00

<KN-ES> if DAX breaks 6900 we are most likely looking for 1400 in Es

<T-stop> lol szu, had a rough day as well 11:01

<talickca> Couldn't agree more szubaark

<silo> Long ER2 @ 715.60 -> small size «« paper »» 11:06

oops

Exited all ER2 Long @ 564564 --> + 563848.4 «« paper »»

<szubaark> silo, intuition?

<silo> Shorts ER2 @ 715.60 -> medium size «« paper »»

<NihabaAshi> Exited Remainder ER2 Long @ 715.40 --> + 0.1

<silo> that was a short

:P

<NihabaAshi> :(

Sneaky price action right now... 11:09

It really wants to go up but its faking it wants to go down :)

<szubaark> hope range days come back soon, this creeper crap is untradable unless you in on it 11:10

<NihabaAshi> Key markets a lot more in sync today in comparison to yesterday :) 11:11

Shorts ER2 @ 715.20 -> small size 11:12

<jsbach_> speaking of yesterday, i saw some macd divergence between 4:30am---8am on ES, does anyone else look for macd divergence as a way to spot a weakening trend or as a fairly reliable indication of a trend reversal or swing? 11:15

http://stealth.kirenet.com/~r1chard/macd 2.jpg (if anyone wants to take a quick look?)

<NihabaAshi> Thanks for the chart 11:16

<jsbach_> np

<silo> Shorts ER2 @ 715.30 -> Add «« paper »» 11:17

oil/gold just broke down

<NihabaAshi> I just reached a shallow WRB pt1 11:18

<silo> me too

here comes the second

<NihabaAshi> 2 - 3 tick profit :(

<silo> :P

hehe

<NihabaAshi> whoopie

<silo> you see the dax chart i mentioned niha?

<NihabaAshi> Yes

<silo> we just hit the globex resistance 1 11:19

from premarket

hehe i have to get used to 1min charts

:P

<NihabaAshi> I'm a little greedy right now trying to capture more than 2 - 3 ticks on this trade because I wasn't expecting that WRB to be so shallow

<silo> holding so far

yeah

otherwise there's really no point in getting in

considering the risk

:P

<NihabaAshi> Covered ER2 Short @ 714.80 --> + 0.4 11:20

trailing stop picked off but it was a little tighter than I normally do in situations like this 11:21

<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

<silo> forgetting to reset it? :P

hehe

<NihabaAshi> Lately my trailing stops have been like bullseye or like it has a big NEON sign that saids "come get me" 11:22

:(

silo...good patience and trailing stop management 11:24

<silo> Covered 2/3 ER2 Short @ 713.60 --> + 1.7 «« paper »»

thanks 11:25

lots of room down here if we break the bottom of you k now what :D

and now market finally in sync with oil/gold

<zoomy> Covered 1/3 ER2 Short @ 713.10 --> + 2 «« paper »» 11:26

<Andy> Long ER2 @ 713.5 11:30

Exited all ER2 Long @ 713.8 --> + 0.3 11:33

<silo> Covered Remainder ER2 Short @ 713.90 --> + 1.7 «« paper »» 11:35

looks like a quick bounce here

<talickca> I feel like going long, but really hate to get faked out 11:38

<silo> Long ER2 @ 714.10 «« paper »»

long term trend still up

so here is a good entry here

<talickca> Long ER2 @ 714.3 11:39

<silo> still need more time 11:40

i may be early

<talickca> Exited all ER2 Long @ 713.9 --> - 0.4

<silo> Exited all ER2 Long @ 713.90 --> - 0.2 «« paper »»

<zoomy> Covered Remainder ER2 Short @ 713.09 --> + 2.01 «« paper »» 11:43

Covered Remainder ER2 Short @ 713.90 --> + 1.2 «« paper »»

oops

<silo> Long ER2 @ 714.50 «« paper »»

Long ER2 @ 714.70 -> Add «« paper »»

<talickca> figures 11:44

<silo> :P

<talickca> Hmm can't make it past 715.70. 11:46

<NihabaAshi> Long ER2 @ 715.60 -> small size 11:48

intuition trade again 11:49

<talickca> thats some good intuition

<Andy> Shorts ER2 @ 716.5 11:50

<NihabaAshi> In the past it's gotten me into some very deep crap...

<Andy> Covered all ER2 Short @ 716.3 --> + 0.2 11:51

<silo> yeah price action today is much much better

<NihabaAshi> I was abble to fine tune it about 3 years ago to the point where my intuition trade is profitable

<talickca> nice

<silo> it kinda sorted itself out a few hours ago

<NihabaAshi> Exited ER2 Long @ 715.80 --> + 0.2 11:52

However, I prefer my rule based methodology of my intuition trading

Yet, when I'm not getting any trade signals via my rule base method and I want to still trade...I go to my intuition.

<silo> er2 making new high 12:01

<zoomy> Shorts ER2 @ 716.80 «« paper »»

<silo> zoomy is trying to give me a bad exit price

:P

<talickca> lol

<zoomy> :)

<NihabaAshi> Long ER2 @ 716.70 -> small size 12:02

<silo> gold shooting up

i will make you pay for that zoomy :P

hehe

Exited 1/2 ER2 Long @ 716.50 --> + 1.8 «« paper »» 12:05

<zoomy> lots of sell limits stacked up here 12:06

<silo> there we go 12:07

717

i just bought up all of them

lol

jk

<NihabaAshi> Exited ER2 Long @ 716.00 --> - 0.7 12:12

Shorts ER2 @ 715.80 -> small size

<silo> market out of sync again

<NihabaAshi> agree 12:13

I may just dump this Short and go to lunch...

Maybe things will be in sync when I return

<talickca> This is painful

<NihabaAshi> Covered ER2 Short @ 715.70 --> + 0.1 12:15

Be back later

* NihabaAshi is now known as NihabaAshi_away 12:16

<eminitrader> Long ES @ 1376 12:18

exit stop raised ES @ 1375.50 12:19

:(( 12:20

Exited all ES Long @ 1375.50 --> - 0.5

<talickca> =( 12:21

<zoomy> Covered 1/2 ER2 Short @ 715.50 --> + 1.3 «« paper »»

<eminitrader> Long ES @ 1375

2 tick stop 12:22

<talickca> My stops feel like bullseyes

<eminitrader> Exited 1/2 ES Long @ 1376 --> + 1 12:23

exit stop moved to breakeven ES @ 1375 12:24

Exited ES Long @ 1377 --> + 2 12:25

Reverse and Enter Short ES @ 1377

Covered 1/2 ES Short @ 1375.50 --> + 1.5 12:27

exit stop moved to breakeven ES @ 1377 12:29

Covered ES Short @ 1375.50 --> + 1.5 12:30

Reverse and Enter Long ES @ 1375.50

<zoomy> Covered Remainder ER2 Short @ 715.70 --> + 1.1 «« paper »» 12:31

<eminitrader> high probability attempt to test the highs 12:34

<szubaark> 3rd attempt? 12:35

<eminitrader> nice base forming

lokks like it.. 12:36

Long ES @ 1374 -> Add 12:39

<silo> Exited Remainder ER2 Long @ 714.70 --> + 0.2 «« paper »» 12:46

Shorts ER2 @ 714.70 -> large size «« paper »»

<szubaark> silo,intuition? 12:47

<silo> yeah

it's my sixsense play

<talickca> nice

<silo> i was hoping my second half of that previous trade would be up a lot

but it came down to test the low again

sucks :(

hehe

oh well 12:48

i locked 1/2 .. good enough for me

<szubaark> NQ leading ES, Today 12:49

<eminitrader> yep ...looks like it szu

<silo> hey guys 12:50

what's a good futures broker

<eminitrader> Exited all ES Long @ 1372.75 --> - 4 12:51

<silo> er2 is a bit lagging behind es and nq

if es and nq keeps going down 12:52

hopefully it'll knock down er2 real fast here

<szubaark> im careful with Longs as got a lot of Longs that should cover soon, could send this down FAST

<KN-ES> Long ES @ 1372.50

S.L 70.50

<szubaark> at yersturday High now ES 12:53

<eminitrader> lokking @ 71.50 for a long entry 12:54

<szubaark> emini, is that based on Fibs or your ma's? 12:55

<KN-ES> Exited 3/4 ES Long @ 1375.50 --> + 3

nop

<eminitrader> confluence of those two szu...good enough for a decent bounce

<KN-ES> Exited 3/4 ES Long @ 1373.50 --> + 1

h7

<eminitrader> 71-73 entry area.. 12:56

want to enter @ the low end to keep tight stop 12:57

my stop on the previous trade was wrong :((

<silo> wow

<eminitrader> well anyways...looks like that bounce is almost done...give it 1376-77 tops 12:59

<KN-ES> Exited 2C ES Long @ 1374 --> + 1.5

Exited 1C ES Long @ 1374.50 --> + 2 13:05

<silo> here we go 13:07

:P

down we go

<KN-ES> Long ES @ 1371.25 -> Add 13:08

6

<silo> tough guy eh kn-es?

:P

<eminitrader> Long ES @ 1371.25

<KN-ES> Exited ES Long @ 1371 --> - 1.5 13:10

Reverse and Enter Short ES @ 1371

<szubaark> IF NQ breaks day lows could get Ugly, again all those Pros Long covering 13:11

<KN-ES> s.l 73

<ItalianSharp> true szu, i see lots of downside room for shorts 13:13

<KN-ES> Shorts ES @ 1371.50 -> Add

<jperl> ER2 At VWAP 712.83

<eminitrader> 4 tick stop ...target limits in...be back guys

<KN-ES> 4

h10

<ItalianSharp> by the way, YM just hit some minor support from earlier today...we could get small rebound here 13:15

<szubaark> not looking good for Longs right now 13:17

<KN-ES> out 4 1371.50 1370.50 + 1.00 13:18

<rickf> ok all - I'm out for the week (conference) and intend to be back trading regularly on Monday. good luck good trading, all 13:20

<eminitrader> Exited all ES Long @ 1370.25 --> - 1 13:21

Long ES @ 1371 13:22

<jperl> ER2 holding up at VWAP 712.83

<robert> Long ES @ 71.50 «« paper »»

<eminitrader> stops limits in ..be back guys...pbs with the oven :(( 13:25

<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 13:27

<robert> Exited all ES Long @ 70.50 --> - 1 «« paper »» 13:35

<silo> here we go

<robert> Long ES @ 70.75 «« paper »» 13:37

<talickca> brb

* NihabaAshi_away is now known as NihabaAshi 13:38

<KN-ES> going up.................i guess 13:39

<talickca> back

<NihabaAshi> Long ER2 @ 713.10 -> medium size

<robert> Exited all ES Long @ 73.50 --> + 2.75 «« paper »» 13:41

<NihabaAshi> Exited 1/2 ER2 Long @ 714.40 --> + 1.3 13:43

<szubaark> nice

<talickca> well done

<T-stop> very nice 13:44

<Spartan> Long ES @ 1374 -> small size «« paper »» 13:47

tight stop, 3 ticks from entry 13:48

<eminitrader> Exited 1/3 ES Long @ 1373 --> + 2 13:51

Exited 1/3 ES Long @ 1375 --> + 4

next target 1377

and let 1 run stop @ b/e

late post ...gotto go guys...later

<talickca> later 13:52

<T-stop> cya e 13:53

nice wk

<Spartan> Exited all ES Long @ 1375.50 --> + 1.5 «« paper »» 13:54

<NihabaAshi> I'm starting to see some long upper shadows 13:55

<robert> Shorts ES @ 75.75 «« paper »»

<Andy> Shorts ER2 @ 714.7 13:56

<silo> i'm still short from 714.70

<KN-ES> :)

how can we get rid of you silo :) 13:57

<talickca> lol

<silo> :P

<robert> Covered 1/2 ES Short @ 75 --> + 0.75 «« paper »»

<Andy> Covered all ER2 Short @ 714.4 --> + 0.3 13:58

<robert> Covered Remainder ES Short @ 75.25 --> + 0.5 «« paper »» 14:00

Long ES @ 75.25 «« paper »» 14:01

Exited all ES Long @ 74.25 --> - 1 «« paper »» 14:02

<silo> ok price resuming intermediate downtrend now

:P

that was a pretty intense pullback

hopefully

i'm right

<robert> Long ES @ 74.50 «« paper »» 14:03

<talickca> didn't see that coming 14:05

<codehead> whew, volatile oil--just tipped over 104 14:09

<robert> Exited all ES Long @ 77 --> + 2.5 «« paper »» 14:10

<silo> Covered all ER2 Short @ 715.60 --> - 0.9 «« paper »»

man this is a bit too dangerous for me

<NihabaAshi> Exited ER2 Long @ 715.40 --> + 2.3

Holding 1 contract remainder

<silo> Long ER2 @ 715.60 «« paper »» 14:12

<robert> Shorts ES @ 78.25 «« paper »» 14:13

<silo> trends today are not as clear cut as before 14:15

<NihabaAshi> Exited ER2 Long @ 715.00 --> + 1.9 14:16

Reverse and Enter Short ER2 @ 715.00

<silo> Exited ER2 Long @ 715.40 --> - 0.2 «« paper »» 14:19

Reverse and Enter Short ER2 @ 715.40 «« paper »»

<robert> Covered all ES Short @ 76.50 --> + 1.75 «« paper »» 14:20

<NihabaAshi> WRB

<Spartan> Shorts ES @ 1376 -> small size «« paper »» 14:21

1pt stop 14:22

<NihabaAshi> Covered ER2 Short @ 714.20 --> + 0.8

<eminitrader> back..:) 14:23

Exited 1/3 ES Long @ 1377 --> + 6

late post ..

hld 1

exit stop raised ES @ 1373 14:24

<Spartan> Covered all ES Short @ 1374.25 --> + 1.75 «« paper »»

<silo> Covered 1/2 ER2 Short @ 713.30 --> + 2.1 «« paper »»

globex high here

anohter resistance for the short 14:25

<eminitrader> yep..mrkt maybe tired from yest move...but a very low probability of a large down move today,, 14:26

if any shld see a high probability upmove to follow up on yest..

just my read anyways :))

<codehead> man, crude hit 105 14:27

coming into floor close here

<eminitrader> and i am known to be wrong umpteen # of times ..:)))) 14:28

<silo> Shorts ER2 @ 713 -> Add «« paper »» 14:29

<eminitrader> Exited Remainder ES Long @ 1373 --> + 2

<silo> that was a greedy add on my part :P 14:30

<talickca> Alright I'm gonna call it a night. 2:30am here. See you all tomorrow. 14:31

<eminitrader> later t

<Andy> Long ER2 @ 712.80 -> large size

<robert> Long ES @ 72.50 «« paper »» 14:32

<Andy> Long ER2 @ 712.8

<silo> down we go

be careful guys

<futurible> Long ER2 @ 712.9 «« paper »»

<eminitrader> silo ...u really want the mrkt go down ..dont ya :)))

<silo> haha

can't you tell 14:33

:D

<eminitrader> lol

<Andy> Exited all ER2 Long @ 712.30 --> - 0.5

<eminitrader> but ur warning well taken ..

<futurible> Exited all ER2 Long @ 712.2 --> - 0.7 «« paper »» 14:34

<Spartan> Long ES @ 1371 -> small size «« paper »»

Exited all ES Long @ 1369.75 --> - 1.25 «« paper »» 14:35

<futurible> Shorts ER2 @ 711.0 «« paper »»

<Spartan> ran me over

dumb

<silo> Covered all ER2 Short @ 711 --> + 6.4 «« paper »»

ok i'm probably done for the day 14:36

made my mark :P 14:37

<eminitrader> :))

<robert> Long ES @ 69 -> Add «« paper »»

<futurible> market in sync now

<robert> Exited 1/2 ES Long @ 70.75 --> + 1.75 «« paper »» 14:38

b/e

<eminitrader> that trade took some guts 14:39

<silo> mine?

<robert> yes..

<eminitrader> no r

<silo> oh haha yeah

catching bottom is dangerous kids :P

<robert> not recommended

<silo> lol

<eminitrader> well..not that u dont have guts silo:)

<silo> just kidding

oh but the first half of my trade gave me a big cushion for the add at 713 14:40

:D

it was murder in first degree

<eminitrader> :)

well alls well that ends well

<silo> :P 14:41

<Spartan> Shorts ES @ 1369.75 -> small size «« paper »» 14:43

<eminitrader> Long ES @ 1369

Exited all ES Long @ 1369 --> 0 14:46

<Spartan> Covered all ES Short @ 1367.75 --> + 2 «« paper »» 14:47

<eminitrader> Long ES @ 1368

Exited all ES Long @ 1367.50 --> - 0.5 14:49

Long ES @ 1367 14:50

<NihabaAshi> weak support area here

<futurible> Covered 3/4 ER2 Short @ 709.9 --> + 1.1 «« paper »»

<NihabaAshi> Shorts ER2 @ 709.90 -> small size

lets see if it holds

<eminitrader> Long ES @ 1366 -> Add 14:51

<Spartan> Long ES @ 1366.75 -> small size «« paper »» 14:52

<NihabaAshi> support getting stronger

<Bambam-77> 08.50 is vpoc just below er 14:53

<robert> Long ES @ 66.75 -> Add «« paper »»

<eminitrader> Exited 1/2 ES Long @ 1367.50 --> + 1.5

<Bambam-77> rtrc to 712 area is posible

next 1/2 hr protect ss 14:54

<eminitrader> exit stop moved to breakeven ES @ 1366

<futurible> Covered Remainder ER2 Short @ 710.9 --> + 0.1 «« paper »»

<NihabaAshi> Covered ER2 Short @ 710.50 --> - 0.6 14:55

Reverse and Enter Long ER2 @ 710.50

<robert> Exited 1/3 ES Long @ 68 --> + 1.25 «« paper »»

b/e

<eminitrader> expecting bounce 70-72 area.. 14:56

<robert> Exited 1/3 ES Long @ 68.50 --> - 4 «« paper »» 14:57

+.5

<eminitrader> how many u hlding r 14:58

<robert> 1 !

<eminitrader> same here

<NihabaAshi> Exited ER2 Long @ 710.70 --> + 0.2 14:59

<pdays> Long ES @ 1367.75 15:00

<Spartan> Exited all ES Long @ 1366.50 --> - 0.25 «« paper »»

<eminitrader> Exited Remainder ES Long @ 1366 --> - 1

<NihabaAshi> Shorts ER2 @ 709.60 -> small size

<Spartan> Shorts ES @ 1366 -> small size «« paper »» 15:01

<NihabaAshi> I can smell a little blood on that WRB price drop

<pdays> Exited all ES Long @ 1365.25 --> - 2.5

WRB Analysis

Learn More

<NihabaAshi> Covered 1/2 ER2 Short @ 708.50 --> + 1.1 15:03

<T-stop> nice

<Spartan> Covered all ES Short @ 1364.25 --> + 1.75 «« paper »» 15:04

<Bambam-77> wtg re ss

<NihabaAshi> Covered Remainder ER2 Short @ 708.20 --> + 1.4 15:06

I know FED Chairman Bernanke was speaking to congress at 0930am est... 15:08

However, does anybody know what time it was when he made the comment to congress that a "Recession is Possible" 15:09

???

<robert> Long ES @ 64.75 -> Add «« paper »» 15:10

Exited 1/4 ES Long @ 65.75 --> + 1 «« paper »»

b/e

Exited 1/4 ES Long @ 65.75 --> - 6.75 «« paper »» 15:11

b/e

Exited 1/4 ES Long @ 66.75 --> - 5.75 «« paper »»

+1

<Spartan> Shorts ES @ 1366.75 -> small size «« paper »» 15:15

<robert> Exited Remainder ES Long @ 65.75 --> - 6.75 «« paper »»

b/e

<NihabaAshi> Take a look at the U.S. Dollar Index chart... 15:16

http://futuresource.quote.com/charts/cha rts.jsp?s=DX&o=&a=M&z=800x550&d=LOW&b=CA NDLE&st=

Scary :(

<robert> Long ES @ 66.50 «« paper »» 15:17

<Spartan> Covered all ES Short @ 1367.75 --> - 1 «« paper »»

<NihabaAshi> Long ER2 @ 709.90 -> small size 15:18

<Spartan> Long ES @ 1367.50 «« paper »»

<jperl> enough for today....P/L here...

http://charts.dacharts.com/2008-04-02/JP ERL2.png 15:19

<NihabaAshi> Thanks jperl

<jperl> yw

<NihabaAshi> Do you have any problems with the DaCharts folks bothering you about posting your P/L blotter on their server ??? 15:20

<jperl> no

<NihabaAshi> Remember I use to do the same but suddenly stopped.

They sent me an email saying its only for eSignal or EW charts

<jperl> You mean ensign charts? 15:21

<NihabaAshi> Yes

<jperl> I'm an ensigh user

ensign

<NihabaAshi> :)

<jperl> Never had a problem 15:22

<NihabaAshi> Anyways...I keep my blotters at my own site after they accused me of using my blotters to promote :(

<jperl> sorry to here that

hear

<NihabaAshi> In fact, someone (they wouldn't admit to it) started editing my blotter and then reposting it :) 15:23

Someone wrote the words...

Get Lost

:)

<robert> Exited all ES Long @ 66.50 --> 0 «« paper »»

<Spartan> Exited all ES Long @ 1366.25 --> - 1.25 «« paper »»

<NihabaAshi> Nice people over there at DaCharts :(

<jperl> It would have to be someone who can access the server

Strange behavior 15:24

<NihabaAshi> Yeah...funny part was that they contacted me via pm over at EliteTrader.com 15:25

Anyways, that in combo with the Hacker problem over at the old forum location (ezboard)... 15:26

I moved it all to my own site after paying for a bigger bandwidth space

Reminder to All: We have a Trade Journal section at the discussion forum @ http://thestrategylab.com/forum/index.ph p?board=31.0 15:28

<Spartan> Long ES @ 1368.25 -> small size «« paper »»

<NihabaAshi> Anyone can maintain their trade journal of trades et cetera especially if you don't want to post your trades in realtime.

<jperl> As far as I know, there is no policy as to what you can post at dacharts 15:29

<NihabaAshi> Yeah...that's what I thought

<jperl> I've see all kinds of stuff there 15:30

Only limitation is to size

<NihabaAshi> Yep...I've even seen personal vacation pictures posted there

<jperl> I use it, because it is simple to use 15:31

<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 15:33

<Spartan> Exited all ES Long @ 1367 --> - 1.25 «« paper »» 15:34

<NihabaAshi> I'm so paranoid about having my trailing stop picked pocketed again... 15:36

I haven't adjusted it yet to a +1 tick profitable trailing stop

:)

If it ain't sent...it can't be hit :) 15:37

<Spartan> Long ES @ 1368 -> small size «« paper »»

<NihabaAshi> Adjusting now that I'm about 7 ticks away from my profit target

exit stop raised ER2 @ 710.00 15:38

<Spartan> Exited all ES Long @ 1366.75 --> - 1.25 «« paper »»

<NihabaAshi> :(

Punks 15:39

Trailing Stop Hit ER2 @ 710.00 --> + 0.1

That's just darn rude of the market 15:40

I'm done for the day.

Still a good trading day via the fact I reached my profit goal for the day a few trades earlier. 15:41

<silo> good day for intuition day 15:48

:P

i had a marvelous day as well

had my biggest point gain per trade today

+6.4 in er2 :D 15:49

<zoomy> gn all and thanks for the most excellent trade room Niha 16:04

<Nesi> I second that 16:06

<werner> gn all 16:09

<anglo> . 16:11

<X> #FuturesTrades Info -> No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended without their permission. More info at www.thestrategylab.com/FuturesTradesChat Room.htm 17:39

* DisconnectedSession Close: Wed Apr 02 20:14:00 2008 20:13

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