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#FuturesTrades April 3rd Thursday 2008 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+17.30	+37.40	+1132.80
$1,730	$3,740	$113,280

Profitable Trade

1552pm - 1602pm est

Losing Trade

1530pm - 1537pm 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: Thu Apr 03 09:34:11 2008Session Ident: #futurestrades

* Now talking in #futurestrades 09:34

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

<Spartan> Long ES @ 1364 -> small size «« paper »» 09:36

Exited all ES Long @ 1362.75 --> - 1.25 «« paper »» 09:38

<silo> Shorts ER2 @ 707.40 «« paper »» 09:39

<Spartan> Shorts ES @ 1362.25 -> small size «« paper »»

<szubaark> Shorts ES @ 1361.50 «« paper »» 09:42

Covered all Short ES at 1363.50 --> - 2 «« paper »» 09:43

<Spartan> Covered all ES Short @ 1363.25 --> - 1 «« paper »»

<silo> Covered all ER2 Short @ 708.40 --> - 1 «« paper »»

<szubaark> Buys ES @ 1363.50 «« paper »»

<NihabaAshi> Market trying hard to shake off the negative 0830am est economic news 09:44

<Nesi> Shorts ER2 @ 707.60

<silo> haha yeah

<Spartan> Shorts ES @ 1361.75 «« paper »»

<silo> also we have support rijght down here

so it's probably better to wait for it to get to that area

see if we bounce to form a double bottom or break that support

i got in early

<PapaJon> Just a reminder for all... Bernie speak again today

<silo> and got shook out apparently :D

<eminitrader> Long ES @ 1360.50 09:45

<Spartan> Covered all ES Short @ 1632.75 --> - 271 «« paper »» 09:48

<eminitrader> Exited 1/2 ES Long @ 1362.50 --> + 2

<Spartan> oops

1362.75

Long ES @ 1362.75 -> small size «« paper »» 09:49

<NihabaAshi> Long ER2 @ 710.00 -> small size 09:53

intuition only

<Nesi> Shorts ER2 @ 709.50 -> Add

<PapaJon> i think mkt is waiting for ism number 09:59

<NihabaAshi> Agree

<Pat255> Bernanke speaks at 10 AM 10:00

<szubaark> Exited all Long ES at 1366 --> + 2.5 «« paper »»

<NihabaAshi> ISM plus Bernanke could kill the price action (produce a tight range) of cause some sparks.

Nevermind...sparks now :)

<szubaark> Shorts ES @ 1368.50 «« paper »»

<eminitrader> Exited 1/3 ES Long @ 1367.50 --> + 7

<szubaark> nice emini

<talickca> nice one 10:01

<Spartan> Exited all ES Long @ 1367.75 --> + 5 «« paper »»

<Pepe> very nice emini

<NihabaAshi> Exited ER2 Long @ 710.20 --> + 0.2

<szubaark> Covered all Short ES at 1366 --> + 2.5 «« paper »»

<eminitrader> Exited Remainder ES Long @ 1365.50 --> + 5

thx szu

<NihabaAshi> May need to reenter if it can drop again

Got shook out too easy on that trade :(

Wasn't even a tight trailing stop 10:02

<Nesi> Shorts ER2 @ 710.50 -> Add

<Spartan> ism reports have been good luck this week

<szubaark> Shorts ES @ 1366.50 «« paper »» 10:05

<NihabaAshi> Long ER2 @ 712.20 -> large size 10:07

<silo> also 10:09

we're about to touch the top of the down channel

be careful

<NihabaAshi> Exited ER2 Long @ 712.40 --> + 0.2

<Nesi> Shorts ER2 @ 712.00 -> Add 10:10

<NihabaAshi> Another trailing stop picked pocketed before my profit target was reached :( 10:11

<T-stop> tks silo

<NihabaAshi> Must be Bernanke slowing things down now :)

<Pepe> :) 10:15

<szubaark> Volatility contracting, expecting spike soon, hopefully to downside im Short

<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

<Spartan> Long ES @ 1366 «« paper »» 10:17

<stoch08> Shorts YM @ 12570 «« paper »» 10:18

<Spartan> Exited all ES Long @ 164.75 --> - 1201.25 «« paper »» 10:20

1364.75

<NihabaAshi> Shorts ER2 @ 710.00 -> large size

<jperl> ER2 @ VWAP 709.47 10:21

<Nesi> Shorts ER2 @ 709.50 -> Add

<NihabaAshi> My pattern signal was about 10 mins ago.

Thus, my trade is a big time chaser...had some distractions here at home to prevented me from trading when the signal occurred 10:22

<Spartan> Long ES @ 1365 -> small size «« paper »» 10:23

<lumenPharmer> took the 711 short but got out at 710.10, after the last few days hard for me to short

<szubaark> Covered all Short ES at 1365 --> + 1.5 «« paper »»

Buys ES @ 1364.50 «« paper »» 10:24

<Spartan> Exited all ES Long @ 1364 --> - 1 «« paper »»

<jperl> Done for now.....trades here...

http://charts.dacharts.com/2008-04-03/JP ERL3.png

<T-stop> nice wk j 10:25

<stoch08> Covered all YM Short @ 12556 --> + 14 «« paper »»

<jperl> tx

<szubaark> nice jperl

<jperl> tx

<NihabaAshi> Covered 2/3 ER2 Short @ 708.90 --> + 1.1 10:27

<Pat255> vn 10:28

<NihabaAshi> Holding 1 contract remainder 10:30

meant I just dumped a contract and holding 1 10:31

Covered ER2 Short @ 708.60 --> + 1.4

<T-stop> Niha, nice patience on that trade

<NihabaAshi> Had to wait for confirmation...still holding 1 contract

<Spartan> Long ES @ 1364 -> small size «« paper »»

<szubaark> Volatility contracting, expecting volatility spike soon, hopefully to upside, Im Long 10:32

<silo> that's a dangerous position imo :P

but you have globex open as your support i guess 10:33

but nota stgrong support at all

be careful

i think we go down

<T-stop> this is where I get into trouble trying to pick bottoms

<szubaark> exit stop set ES @ 1363 «« paper »» 10:34

<NihabaAshi> Back to back double hammer lines

<lumenPharmer> if they hold 707 and can go up, get a reverse head and shoulders

<NihabaAshi> Covered ER2 Short @ 709.30 --> + 0.7

Reverse and Enter Long ER2 @ 709.30

<T-stop> Ben speaking now, fwiw 10:35

<lumenPharmer> or wait and see if 713 or 705 breaks first, lol what a mess 10:36

<KN-ES> Shorts ES @ 1365.25 10:37

<NihabaAshi> ooouch

<szubaark> Exited all Long ES at 1363.50 --> - 1 «« paper »»

Shorts ES @ 1363.50 «« paper »»

<KN-ES> Covered 1/2 ES Short @ 1363.75 --> + 7.75 10:38

<talickca> Shorts ES @ 1364.75

<KN-ES> s.l ?

<talickca> Covered all ES Short @ 1364.0 --> + 0.75

<KN-ES> Covered 1/2 ES Short @ 1363.75 --> + 1.5

Covered 1/4 ES Short @ 1364.25 --> + 1

s.l 66.25 10:39

<NihabaAshi> A little pin ball machine price action here...

Changing my profit target because of it

<KN-ES> Covered ES Short @ 1364.25 --> + 1 10:41

Reverse and Enter Long ES @ 1364.25

s.l 62.25

Exited 1/2 ES Long @ 1365.75 --> + 1.5 10:42

<talickca> nice 10:43

<KN-ES> Exited 1/2 ES Long @ 1366.25 --> + 2

1/4

<NihabaAshi> Exited ER2 Long @ 710.40 --> + 1.1

<KN-ES> h7

s.l 63.25 10:44

Exited ES Long @ 1365.25 --> + 1

Reverse and Enter Short ES @ 1365.25

Covered 1/2 ES Short @ 1363.75 --> + 1.5 10:46

Covered 1/4 ES Short @ 1364.25 --> + 1

s.l 66.25

Covered ES Short @ 1364.25 --> + 1 10:47

Reverse and Enter Long ES @ 1364.25

Exited ES Long @ 1364 --> - 0.25 10:48

Reverse and Enter Short ES @ 1364

Covered ES Short @ 1363.50 --> + 0.5 10:50

Reverse and Enter Long ES @ 1363.50

<szubaark> Volatility contracting, expecting spike soon, hopefully to downside, Im Short

<KN-ES> Exited ES Long @ 1364 --> + 0.5

Reverse and Enter Short ES @ 1364

<Spartan> Exited all ES Long @ 1362.75 --> - 1.25 «« paper »» 10:51

<KN-ES> Covered 1/2 ES Short @ 1362.75 --> + 1.25

Covered 1/4 ES Short @ 1363 --> + 1

<silo> Shorts ER2 @ 706 «« paper »» 10:53

<szubaark> silo, chaser? 10:54

<silo> yeah

a big chaser'

lol

<KN-ES> Covered 2C ES Short @ 1362 --> + 2

<silo> i got too bored hehe

<talickca> Kn you're like a machine

<KN-ES> Covered ES Short @ 1363.25 --> + 0.75

Reverse and Enter Long ES @ 1363.25 10:55

nop

Long ES @ 1362.25

<silo> this is a key area here 10:56

if we break down it'll be a fierce one

or we could bounce here

<Pat255> y ..kn is robot ...all automatic ..lol 10:57

but good one ..:)

<KN-ES> Exited ES Long @ 1362.5 --> + 0.25 10:58

Reverse and Enter Short ES @ 1362.5

Covered ES Short @ 1362 --> + 0.5

Reverse and Enter Long ES @ 1362

<szubaark> Minor Support here on ES 10:59

<Nesi> Covered 1/3 ER2 Short @ 706.00 --> + 3.5

<talickca> I dont want to disturb him, but I'm curious about his interface to trades

<KN-ES> Exited ES Long @ 1362.25 --> + 0.25 11:00

Reverse and Enter Short ES @ 1362.25

<T-stop> silo I'm watching ES 60 area if we get there

<KN-ES> looks like will break down

Pat255 ...... :)

<T-stop> mkt trying to hang on but sure feels heavy 11:01

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)

<KN-ES> Covered ES Short @ 1361.50 --> + 0.75

Reverse and Enter Long ES @ 1361.50

nop its fading

should have a big bounce

Exited 1/2 ES Long @ 1362.50 --> + 1 11:02

Exited ES Long @ 1362.25 --> + 0.75

Reverse and Enter Short ES @ 1362.25

<szubaark> waiting for low test,hopefully 11:03

<KN-ES> Covered ES Short @ 1362..5 --> + 1362.25 - 1362..5 11:04

Reverse and Enter Long ES @ 1362..5

?

<silo> Covered all ER2 Short @ 707 --> - 1 «« paper »»

<KN-ES> Shorts ES @ 1362.50

<Spartan> Long ES @ 1363 -> small size «« paper »»

<KN-ES> nop

Long ES @ 1362.50

<silo> -2pts today

-1 each 11:05

hehe

<KN-ES> Exited 1/2 ES Long @ 1363.50 --> + 1

<silo> small loss

<KN-ES> s.l 1361

Exited 1/4 ES Long @ 1364 --> + 1.5 11:06

<silo> Long ER2 @ 707.10 -> large size «« paper »»

<startrader> Shorts ES @ 1364.25 11:07

<KN-ES> Exited 2C ES Long @ 1364.50 --> + 2

<startrader> Shorts ES @ 1364.75 -> Add 11:08

<silo> Long ER2 @ 707.60 -> Add «« paper »»

<T-stop> KN, nice alert on bounce

<KN-ES> Exited 2C ES Long @ 1365.50 --> + 3

<szubaark> Covered all Short ES at 1365.75 --> - 2.25 «« paper »»

Buys ES @ 1365.75 «« paper »»

chasing Big Time

<startrader> Shorts ES @ 1365.50 -> Add

<KN-ES> Exited ES Long @ 1365.50 --> + 3

Reverse and Enter Short ES @ 1365.50

Covered 1/2 ES Short @ 1364.50 --> + 1 11:10

Covered ES Short @ 1364.50 --> + 1 11:11

Reverse and Enter Long ES @ 1364.50

s.l 62.50 11:12

Exited 1/2 ES Long @ 1365.50 --> + 1

Exited 1/4 ES Long @ 1366.50 --> + 2

<startrader> Shorts ES @ 1366.50 -> Add 11:13

<KN-ES> Exited ES Long @ 1365.75 --> + 1.25

Reverse and Enter Short ES @ 1365.75

Covered ES Short @ 1365.50 --> + 0.25 11:15

Reverse and Enter Long ES @ 1365.50

<anglo> go KN! 11:16

<Spartan> exit stop set ES @ 1365 «« paper »» 11:17

<KN-ES> Exited 1/2 ES Long @ 1367 --> + 1.5

Exited 1/4 ES Long @ 1366.50 --> + 1 11:18

<silo> Exited 1/2 ER2 Long @ 708.20 --> + 0.6 «« paper »»

<KN-ES> s.l 63 11:19

brb

Exited ES Long @ 1366.75 --> + 1.25 11:21

Reverse and Enter Short ES @ 1366.75

s.l 68.50

Covered 1/2 ES Short @ 1365.75 --> + 1

<silo> Exited Remainder ER2 Long @ 708 --> + 0.9 «« paper »» 11:22

almost back to breakeven :P

<KN-ES> nice silo

<silo> there's really not too many good trades

i feel like i'm forcing it a bit

down .5pt now

need to wait for the big move

<KN-ES> we may make a run to 1360 :) 11:23

<Spartan> Exited all ES Long @ 1365 --> + 2 «« paper »»

<KN-ES> Covered 1/4 ES Short @ 1365.25 --> + 1.5

<Spartan> Shorts ES @ 1365.25 -> small size «« paper »» 11:24

<KN-ES> Covered 2C ES Short @ 1364.75 --> + 2 11:25

h6 11:26

Covered ES Short @ 1365.25 --> + 1.5 11:28

Reverse and Enter Long ES @ 1365.25

Exited ES Long @ 1364.5 --> - 0.75

Reverse and Enter Short ES @ 1364.5

bad call 11:29

<startrader> Covered 1/2 ES Short @ 1364.25 --> + 2.25

<szubaark> looks like they just whacking Stops back and forth

<KN-ES> Covered ES Short @ 1365 --> - 0.5

Reverse and Enter Long ES @ 1365

ss.l 63 11:30

Exited 1/2 ES Long @ 1366 --> + 1

<Spartan> Covered all ES Short @ 1366.25 --> - 1 «« paper »»

<KN-ES> Exited 1/4 ES Long @ 1366.50 --> + 1.5 11:31

<Spartan> Long ES @ 1366.50 -> small size «« paper »»

<KN-ES> Covered ES Short @ 1366.25 --> - 1.25 11:33

Reverse and Enter Long ES @ 1366.25

?

Shorts ES @ 1366.25

s.l 68.25

Covered ES Short @ 1366.50 --> - 0.25 11:34

Reverse and Enter Long ES @ 1366.50

Long ES @ 1366.50

fill 66.50

s.l 64 11:35

add 65.50 11:36

<Spartan> Exited all ES Long @ 1365 --> - 1.5 «« paper »»

Long ES @ 1367 «« paper »»

<Andy> Shorts ER2 @ 709.2 11:37

<KN-ES> exit all 65.50 66.50 + 1.00

Exited ES Long @ 1366.25 --> - 0.25

Reverse and Enter Short ES @ 1366.25

s.l 68.25 11:38

Covered ES Short @ 1366.25 --> 0 11:39

Reverse and Enter Long ES @ 1366.25

s.l 64

if s.l hit, im done :) 11:40

<Andy> Covered all ER2 Short @ 709.3 --> - 0.1

<silo> Long ER2 @ 709.50 «« paper »» 11:41

<szubaark> silo, intuition? 11:44

<NihabaAshi> Shorts ER2 @ 709.20 -> small size

volatility contracting 11:45

<silo> Long ER2 @ 709.60 -> Add «« paper »»

<jsbach--> market ran out of steam yesterday, never came back

<NihabaAshi> volatility spike

<KN-ES> Exited 1/2 ES Long @ 1367.75 --> + 1.5 11:46

<NihabaAshi> Covered ER2 Short @ 710.30 --> - 1.1

Reverse and Enter Long ER2 @ 710.30

<szubaark> so far spike was in my direction, lets see if we get followthru

<silo> most likely some resistance here 11:47

soon

<KN-ES> Exited 1/4 ES Long @ 1368.25 --> + 2

<NihabaAshi> DAX showing some exhaustion rifht now 11:49

If it can show a little strength...ER2 will feed off of it.

<silo> dax has been making higher lows too

<NihabaAshi> Hopefully it will do it one more time for me to exit this Long at a proft target...so far it doesn't look likely with that spike down in the DAX 11:50

<silo> yeah... gold/oil went down huge too

but interestingly prices are not

expect the unexpected soon... market out of sync again 11:51

<NihabaAshi> Yep

:(

<jsbach--> agreed

<szubaark> also waiting for one more spike to exit my Long

<silo> szu what broker are you using again? 11:52

infinity?

<szubaark> Interactive Brokers

<silo> oh ok

you like them?

is it a java based platform?

'cuz i know their forex is

<szubaark> yes, both

<jsbach--> earlier oil was up which didn't make much sense considering dollar/inventories up, so I figured oil would be going down, b/c it made no sense for it to be up

<szubaark> Warning: IB goes down a lot during High Volatility (Fed Days, Major News) 11:53

<silo> oh really?

you tought about switching?

you said infinity futures is decent right?

wow

inverse action at its finest 11:54

haha

between gold/oil/futures

<szubaark> not worrying right now, still paper trading

<KN-ES> Exited 2C ES Long @ 1369.25 --> + 3 11:55

<silo> Long ER2 @ 711.10 -> Add «« paper »»

<Spartan> 1370 area on es could be tough to break

<szubaark> Exited all Long ES at 1369.25 --> + 3.5 «« paper »»

<silo> 3 lots in

:D

oh yeah

here we go

this is a strong move here

<szubaark> Shorts ES @ 1369.75 «« paper »» 11:56

* silo slaps szubaark around a bit with a large trout

<silo> :D

<KN-ES> Exited ES Long @ 1370 --> + 3.75

Reverse and Enter Short ES @ 1370

s.l 1372 11:57

<NihabaAshi> Key markets trying hard to get in sync

Anybody get a crazy spike down in the down a few seconds ago ??? 11:59

<KN-ES> Covered 1/2 ES Short @ 1368.50 --> + 1.5

<szubaark> Covered all Short ES at 1368.75 --> + 1 «« paper »»

<NihabaAshi> Exited Remainder ER2 Long @ 710.50 --> + 0.2

<KN-ES> Covered 1/4 ES Short @ 1369 --> + 1 12:00

<tim_a1> thx pwd help, nih 12:01

<NihabaAshi> no problem

<Spartan> think were gonna pop here 12:05

see if 1370 can hold on es 12:06

<NihabaAshi> Long ER2 @ 711.70 -> small size 12:08

intuition only

<silo> nq 1861 could be a resistance 12:10

probably why we dropping here

<NihabaAshi> Exited ER2 Long @ 710.80 --> - 0.9 12:12

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

<silo> also got a short term support on er2 1min here though 12:13

hehe my 3 entries are entered pretty nicely 12:15

one at around 709 or so

one at 710something

one at 711 something hehe

:D

<NihabaAshi> Shorts ER2 @ 710.70 -> medium size

<Spartan> Long ES @ 1368.50 -> Add «« paper »» 12:17

<X> #FuturesTrades Info -> No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended without their permission. More info at www.thestrategylab.com/FuturesTradesChat Room.htm 12:18

<NihabaAshi> oh oh...volatility contracting 12:19

* codehead_afk is now known as codehead 12:20

<V_trader> Shorts YM @ 12597 -> large size 12:21

<silo> Exited all ER2 Long @ 710 --> - 0.6 «« paper »» 12:23

<KN-ES> Covered 2C ES Short @ 1368 --> + 2

h6

<Spartan> Exited all ES Long @ 1367 --> - 1.5 «« paper »» 12:24

<szubaark> Covered all Short ES at 1367.50 --> + 1.5 «« paper »»

<KN-ES> Covered 2C ES Short @ 1367 --> + 3

<NihabaAshi> Covered ER2 Short @ 710.60 --> + 0.1 12:28

<silo> oh well... i've been keeping my losses to a very minimum lately

certainly improving

i thi nk might open an account soon

<KN-ES> add 1367.75 12:29

<V_trader> Covered 2/3 YM Short @ 12577 --> + 20 12:30

exit stop set YM @ 12587

<Spartan> Long ES @ 1367 -> small size «« paper »»

<szubaark> silo, good work on that, something im still struggling with

<silo> the key is to trade less :P 12:31

only go in on the ones you're confident about

'cuz even t hen you'll still have losers

<V_trader> Trailing Stop Hit YM @ 12587 --> + 10 12:32

<NihabaAshi> Long ER2 @ 711.20 -> small size 12:33

<brotherofjared> nice trade v_trader 12:34

<V_trader> yhx

<NihabaAshi> intuition trade

<silo> wow look at the inverse relationsihp between oil/gold/price 12:35

lol

damnnnn

Long ER2 @ 711.70 -> large size «« paper »» 12:36

Long ER2 @ 712 -> Add «« paper »»

this is the move i've been waiting for 12:37

too bad the price had to shake me out earlier

otherwise that would've been a sick ass trade hehe

<V_trader> Shorts YM @ 12597 -> small size 12:38

<silo> approaching morning high 12:40

<V_trader> Covered Remainder YM Short @ 12607 --> - 10

<NihabaAshi> Exited ER2 Long @ 713.10 --> + 1.9

<Spartan> exit stop set ES @ 1369 «« paper »» 12:41

<silo> Exited all ER2 Long @ 714 --> + 4.3 «« paper »» 12:44

<Spartan> Exited Remainder ES Long @ 1373 --> + 6 «« paper »» 12:46

Long ES @ 1373.50 -> small size «« paper »» 12:56

<KN-ES> Shorts ES @ 1374 12:59

sl 76

Covered 1/2 ES Short @ 1373 --> + 1 13:01

<NihabaAshi> Shorts ER2 @ 713.70 -> small size

I got burnt last time when I took a Short in contracting volatility 13:02

<szubaark> Shorts ES @ 1373.50 «« paper »» 13:04

<Bambam-77> scalps ss

trend is up for now

<Spartan> agreeded, looking for pullbacks now 13:05

agreed

I meant

<Bambam-77> 716.3 pos trgt

1378.75 uva trgt 13:06

<NihabaAshi> Covered ER2 Short @ 714.70 --> - 1

<silo> http://www.youtube.com/watch?v=ckqDX2Xpd yY&feature=related 13:07

<V_trader> Shorts YM @ 12644 -> large size 13:10

<szubaark> Volatility contracting, expecting volatility spike soon, hopefully to downside, Im Short 13:11

<V_trader> Covered Remainder YM Short @ 12654 --> - 10

<szubaark> :(

<silo> damn

right after yo usaid it too :D 13:12

<szubaark> could be a fakeout

<silo> most likely not though

:)

oil/gold supporting, this move moved on high volume.... after somewhat of a consolidation from the last move 13:13

i'd be careful

but it could retrace back here

or go up with violence

check the 60min chart 13:14

so a big gamble

:D

<Bambam-77> 716.3 hit now lets get the 719.70

coil coil pop 13:16

protect longs

<Spartan> exit stop set ES @ 1375.50 «« paper »» 13:21

Exited all ES Long @ 1375.50 --> + 2 «« paper »» 13:23

Long ES @ 1375 -> small size «« paper »» 13:32

stp 74 13:36

<silo> 60min chart shows today's price reached the top but couldnt keep goign 13:37

<Spartan> Exited all ES Long @ 1374 --> - 1 «« paper »» 13:38

Long ES @ 1373.25 -> small size «« paper »» 13:44

<szubaark> NQ getting weak,MIGHT pull the ES with it 13:46

<Spartan> yeah, making me kind of nervous

<szubaark> not sure about ER or YM as i dont watch those 13:47

<Spartan> me either

<eminitrader> NQ approaching supp area 1855-1861....expect a bounce from around this area

<Spartan> thanks eminitrader, that is encouraging 13:48

<Pepe> emini what do you expect. UP or down?

<eminitrader> yep ...waiting for alingnment with ES to go long ...

<Spartan> nq forming some nice support 13:49

<szubaark> Im looking ES to retrace to 1370 then Long

<eminitrader> ES supp area 1397-1373

<Bambam-77> Shorts ES @ 714.50 «« Scalp »» 13:50

<eminitrader> 1397=1367

1387=1373

soory guys ..k here we go

1369-1373

with minor supp upto 1367 13:51

<szubaark> first bounce at 1373 looks weak

<Bambam-77> Covered 1/3 ES Short @ 713.50 --> + 1 «« Scalp »»

<NihabaAshi> V_trader...please read pm I sent you. 13:52

<eminitrader> yep ...waiting for some more of a pullback...but often such behavior by the mrkt at the beggining of the supp area ...cld also mean a probability of change in trend...

<Bambam-77> exit stop set ES @ 714.20 «« Scalp »»

flat

<eminitrader> so manage ur risk very tight

<Bambam-77> Covered Remainder ES Short @ 714.20 --> + 0.3 «« Scalp »» 13:53

<szubaark> Covered all Short ES at 1373.75 --> - 0.25 «« paper »»

<eminitrader> looks like supp here hlding..prolly see a shakeout

<szubaark> didnt like the entry.. way too early..lucky to get out Even 13:54

<eminitrader> Long ES @ 1373.50

<NihabaAshi> Long ER2 @ 715.00 -> small size 13:55

<eminitrader> Exited all ES Long @ 1373 --> - 0.5 13:58

<Spartan> Exited all ES Long @ 1372.25 --> - 1 «« paper »» 13:59

<NihabaAshi> Exited ER2 Long @ 713.90 --> - 1.1 14:00

Reverse and Enter Short ER2 @ 713.90

<Spartan> Shorts ES @ 1372.5 -> small size «« paper »»

<NihabaAshi> oh oh...volatility contracting 14:03

<eminitrader> Long ES @ 1372.50

<NihabaAshi> Covered ER2 Short @ 714.30 --> - 0.4

Reverse and Enter Long ER2 @ 714.30

<startrader> Shorts ES @ 1373.25

<Spartan> Covered all ES Short @ 1373.75 --> - 1.25 «« paper »» 14:04

Long ES @ 1373.75 -> small size «« paper »» 14:05

Exited all ES Long @ 1372.50 --> - 1.25 «« paper »» 14:07

<eminitrader> be back stop 1372..t1 1374.50

<NihabaAshi> Exited ER2 Long @ 714.50 --> + 0.2

<Andy> Shorts ER2 @ 714.8 14:10

<Spartan> Long ES @ 1374 -> small size «« paper »» 14:11

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

http://charts.dacharts.com/2008-04-03/JP ERL4.png 14:12

<Andy> Covered all ER2 Short @ 714.8 --> 0 14:14

<eminitrader> Exited ES Long @ 1374.50 --> + 2 14:15

Reverse and Enter Short ES @ 1374.50

exit stop lowered ES @ 1375 14:17

<Spartan> Exited all ES Long @ 13730 --> + 12356 «« paper »» 14:18

<eminitrader> Covered 1/2 ES Short @ 1372.50 --> + 2

Covered ES Short @ 1371.50 --> + 3 14:21

Reverse and Enter Long ES @ 1371.50

6 tick stop on this one 14:22

exit stop raised ES @ 1370.50 14:23

4 ticks now

<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 14:24

<eminitrader> Long ES @ 1372.50 -> Add 14:26

if it brek 1376 ..look for new highs 14:32

Exited all ES Long @ 1372 --> 0 14:36

Long ES @ 1370.50 14:39

Exited 1/3 ES Long @ 1372 --> + 1.5 14:41

mrkt not giving much this pm :(( 14:43

Exited ES Long @ 1372.50 --> + 2 14:47

Reverse and Enter Short ES @ 1372.50

<szubaark> tough area.. not even touching it as entries need to be precise 14:48

<Spartan> reat discipline

<eminitrader> nice set-ups on 5 min ..today

<Spartan> great i meant

<eminitrader> Covered ES Short @ 1372.50 --> 0 14:51

Reverse and Enter Long ES @ 1372.50

<szubaark> emini, nice trading this small range 14:53

<eminitrader> just not eorth it szu.. 14:55

last entry is 1 lot only

<ItalianSharp> volume has been really low today...it's clear institutionals aren't involved with this crap 14:56

<eminitrader> looking like a b/o to the long side...pb is NQ ...looks like its facing major res

<KN-ES> everyone is waiting for tomorrows unemployment report 14:59

<eminitrader> needs to brek 1376 area 15:00

see u all tomorow 15:05

stop !b/e

<V_trader> Shorts YM @ 12651 -> medium size 15:08

<Spartan> Long ES @ 1373.50 -> small size «« paper »» 15:09

Long ES @ 1373.50 -> Add «« paper »» 15:13

WRB Analysis

Learn More

<V_trader> Covered 2/3 YM Short @ 12630 --> + 21 15:15

<Spartan> Exited all ES Long @ 1372.50 --> - 2 «« paper »»

<V_trader> exit stop set YM @ 12636

Covered 1/2 YM Short @ 12625 --> + 26 15:18

exit stop lowered YM @ 13632

Covered Remainder YM Short @ 12622 --> + 29 15:20

<Spartan> Shorts ES @ 1372.25 -> medium size «« paper »» 15:27

<NihabaAshi> Long ER2 @ 712.70 -> small size 15:29

Exited ER2 Long @ 712.00 --> - 0.7 15:30

Reverse and Enter Short ER2 @ 712.00

reversed into a 2 contract Short

Shorts ER2 @ 711.20 -> Add 15:32

Shorts ER2 @ 711.60 -> Add 15:34

<Spartan> this support is looking weak

<NihabaAshi> There's support 15:35

Good place to reverse and go Long if wrong 15:36

Covered ER2 Short @ 712.30 --> - 1 15:37

<Spartan> Covered all ES Short @ 1372.50 --> - 0.25 «« paper »» 15:39

<Bambam-77> es pos trgt 73.75 area

<Spartan> Long ES @ 1371.75 -> medium size «« paper »» 15:40

<NihabaAshi> Long ER2 @ 713.20 -> large size 15:42

geeesh 15:43

<Spartan> Exited all ES Long @ 1370.25 --> - 1.5 «« paper »»

<Bambam-77> 714.4 is pos trgt just a grinder

<Spartan> Shorts ES @ 1370.75 -> medium size «« paper »» 15:44

<NihabaAshi> It's getting close to the 4pm est rush hour traffic

Something is gonna give here soon

Exited ER2 Long @ 712.30 --> - 0.9

<Bambam-77> i personally think we setting up for tomorrows news they already know what it is 15:45

<NihabaAshi> Shorts ER2 @ 711.50 -> large size

volatility contracting again :( 15:47

<Spartan> Covered 1/2 ES Short @ 1368.75 --> + 2 «« paper »» 15:48

stp breakeven 1370.75 15:49

<Bambam-77> b 711

scalp

<NihabaAshi> Covered ER2 Short @ 711.40 --> + 0.1

:(

took my trailing top again 15:50

<startrader> Covered 1/2 ES Short @ 1367.50 --> + 5.75

<Bambam-77> 710.30 stp 15:51

<NihabaAshi> Long ER2 @ 711.80 -> large size 15:52

<Bambam-77> t1 away 712

stp 711.20

<NihabaAshi> This thing can reverse on a blink of the eye :( 15:54

Now comes the trailing stop issue...

<Bambam-77> i really want 714.4 trgt or stp 711.80

<NihabaAshi> Do I move it or market out ?

:)

<Spartan> Covered Remainder ES Short @ 1370.75 --> 0 «« paper »» 15:55

Long ES @ 1370.75 -> medium size «« paper »»

<Bambam-77> 712.5 stp 15:56

<NihabaAshi> :( 15:57

Ky markets in sync except for DAX and Gold 15:58

4pm rush hour traffic 15:59

<Spartan> here we go 16:01

<Bambam-77> 1373.75 trgt mak it on you charts if not today tomorrow

flat er 714.5

done

<NihabaAshi> Exited ER2 Long @ 714.40 --> + 2.6 16:02

<Spartan> nice

<Pepe> very nice Niha!!!

<NihabaAshi> I wanted that profit target and it took the last trade of the day to get it. 16:05

<Bambam-77> +3.5 last lot 16:06

<Spartan> Exited all ES Long @ 1372.75 --> + 2 «« paper »» 16:14

<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 16:27

* DisconnectedSession Close: Thu Apr 03 16:28:52 2008 16:28

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