#FuturesTrades trade log for traders - CBOT, CME, ICE, EUREX, EURONEXT, NYMEX, COMEX and FOREX

April Trade Log

Trade Strategies

WRB Analysis Tutorials

Music While Trading

Testimonials

Disclaimer

#FuturesTrades April 10th Thursday 2008 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+14.50	+89.70	+1185.10
$1,450	$8,970	$118,510

Profitable Trade

1004am - 1009am est

Losing Trade

1104am - 1112am 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.

Time Zone Info Chat Log below is eastern standard time (est) - New York City, U.S.A and/or Montréal, Canada time zone.

Session Start: Thu Apr 10 09:31:25 2008Session Ident: #futurestrades

* Now talking in #futurestrades 09:31

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

<PapaJon> gm all

<ripsboy> gm all... 09:32

<NihabaAshi> Good morning all 09:34

<T-stop> gm

<anglo> gm 09:37

<szubaark> Shorts ES @ 1358 «« paper »» 09:38

Covered all Short ES at 1356.25 --> + 1.75 «« paper »» 09:39

<Spartan> nice szu, I wanted it but was too scared 09:40

<szubaark> thanks

<Spartan> Shorts ES @ 1356.50 -> small size «« paper »» 09:43

<szubaark> Shorts ES @ 1355 «« paper »» 09:44

<silo> we just hit a major trendline 09:47

<NihabaAshi> Shorts ER2 @ 698.20 -> small size

<silo> the top of

<NihabaAshi> intuition only

<Spartan> Covered all ES Short @ 1354.50 --> + 2 «« paper »»

nq fighting 09:48

<NihabaAshi> Second day in a roll where I was ready to trade out of the gate and I missed a big time Short signal at the intraday top.

<szubaark> nice entry on that Short Spartan

<Spartan> thanks

<NihabaAshi> Hopefully it doesn't turn into like yesterday where I'm left trading in price action that's not desirable :)

Meant I was NOT ready to trade out of the gate. 09:49

<eminitrader> morn all

<szubaark> gm

<NihabaAshi> Too much personal stuff lately before the open.

<lumenPharmer> gap fill on NQ ER almost on ES

<eminitrader> a few comments..

in the spirit of the room i will not take anymore pm.. 09:50

if u want any info...[ls post in the room and i will be more than happy to respond e

also pls keep in mind...i am always talking in terms of probabilities 09:51

<PapaJon> Probabilities are not allowed... only absolutes. 09:52

<eminitrader> even when i say a trend is confirmed it means a higher probability of this event occuring over the other..

<NihabaAshi> price action getting a little jumpy

<lumenPharmer> ok people stop sending emini porn ;P

<NihabaAshi> tighning up my trailing stop

<eminitrader> its never 100% ...thats its in terms of probabilities

<PapaJon> :) 09:53

<eminitrader> well what does it mean

it means when i say confirmed the odds are abt 80 t0 20...means

<silo> Shorts ER2 @ 697.40 «« paper »»

<NihabaAshi> Key markets trying to push lower...ER2 fighting hard not to do the same. 09:54

<eminitrader> i am willing to take a higher risk based on these odds ...by either increasing my lot size or my stop loss ..

<szubaark> exit stop moved to breakeven ES @ 1355 «« paper »»

<eminitrader> looks like thats enough typing for now :))

<szubaark> not much wiggle room on my Short :( 09:55

<NihabaAshi> Covered all ER2 Short @ 698.00 --> + 0.2

<silo> niha got greedy :)

<szubaark> Covered all Short ES at 1355 --> 0 «« paper »»

<silo> hehe

<eminitrader> rxprcting a tast of 1340-1344 on the SP .....expecting that level to be a bounce off area

<silo> jk

<NihabaAshi> Shorts ER2 @ 697.90 -> medium size 09:57

intuition

DAX dropping

Oil and Gold also declining.

<Spartan> Shorts ES @ 2 -> small size «« paper »» 09:58

oops

Shorts ES @ 1353.25 -> small size «« paper »»

<silo> also look at rvx.x

<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

<NihabaAshi> DAX and Gold lost their support while Oil is trying hard not to lose its support.

<silo> russel volatility going way up

compare to vix and vxn

<NihabaAshi> weak support sone here 09:59

<Spartan> think 1350 could be a magnet

<silo> and we also just hit the top of a major down channel

<NihabaAshi> Covered 1/2 ER2 Short @ 696.70 --> + 1.2

<T-stop> v nice

<silo> but dont know how big this move will be though

might be small

but could be big if it wants it to be 10:00

<PapaJon> Silo.. what do you use to measure russel volatility?

<silo> i'm holding my short so far

<NihabaAshi> Back to Back hammer lines in the DAX :( 10:01

<silo> i look at the volatility index for russel :)

hehe

<szubaark> Buys ES @ 1353.50 «« paper »»

<PapaJon> oh.. i dint realize there was one.

whats the symbol for it

<silo> back to back hammer line in es also

<NihabaAshi> Covered Remainder ER2 Short @ 697.20 --> + 0.7 10:02

<silo> in tradestation it's $rvx.x

<PapaJon> ah.. ok.. thnx..

$rvx in esignal 10:03

<silo> np

Shorts ER2 @ 696.3 -> Add «« paper »» 10:04

<NihabaAshi> Long ER2 @ 696.60 -> small size

intuition

2 only

<Spartan> Covered all ES Short @ 1353.25 --> 0 «« paper »» 10:06

got greedy :(

<NihabaAshi> Exited 1/2 ER2 Long @ 698.50 --> + 1.9 10:07

weird volatility spike or I had some data problems and didn't know it

One second ER2 was 697.80 and the next second it spiked to 698.60 10:08

<szubaark> Exited all Long ES at 1355 --> + 1.5 «« paper »»

<NihabaAshi> Exited Remainder ER2 Long @ 699.20 --> + 2.6 10:09

<startrader> ER2 had a couple ticks in there but it was a jump.

<NihabaAshi> Ok...thanks

<Spartan> Shorts ES @ 1354.75 -> small size «« paper »»

<KN-ES> Long ES @ 1354.25 10:10

s.l 53.25 10:11

<szubaark> Shorts ES @ 1355.75 «« paper »» 10:12

<Spartan> uh oh

<KN-ES> Exited 3/4 ES Long @ 1355.75 --> + 1.5

h8 10:13

<silo> Covered all ER2 Short @ 698.70 --> - 3.7 «« paper »»

that one hurt

<KN-ES> Exited 2C ES Long @ 1355.25 --> + 1 10:14

<szubaark> Covered all Short ES at 1354.50 --> + 1.25 «« paper »» 10:18

<Spartan> Covered all ES Short @ 1356.75 --> - 2 «« paper »» 10:21

<szubaark> Shorts ES @ 1357.25 «« paper »» 10:22

<startrader> Shorts ES @ 1357

<KN-ES> Exited 2C ES Long @ 1357.25 --> + 3

<szubaark> exit stop set ES @ 1358.25 «« paper »» 10:23

<startrader> Covered all ES Short @ 1358.25 --> + 7.5

<szubaark> Covered all Short ES at 1358.25 --> - 1 «« paper »»

<startrader> Shorts ES @ 1358.50 10:25

<KN_ES> Exited 2C ES Long @ 1358.25 --> + 4 10:26

<Spartan> Shorts ES @ 1358.25 -> small size «« paper »»

Covered all ES Short @ 1359.25 --> - 1 «« paper »» 10:30

<T-stop> nice wk KN 10:31

<KN_ES> Exited 1C ES Long @ 1359.25 --> + 5

thanks T-stop

<startrader> Covered all ES Short @ 1358 --> + 0.5 10:33

<KN_ES> add 57.25 10:38

out 3/4 58.5 + 1.00 10:40

h 8

+1

out 2 58.75 + 1.50 10:42

out 2 60.75 + 3.50 10:43

<startrader> Shorts ES @ 1360.75 10:44

Shorts ES @ 1361 -> Add

<szubaark> Shorts ES @ 1361.75 «« paper »» 10:48

<startrader> Shorts ES @ 1361.75 -> Add

<NihabaAshi> Which one of you guys called in to the exchange to say "Bin Laden has been captured" :) 10:51

Market just keeps going up.

<KN_ES> out 2 63.25 + 5.00 10:52

62.25--------> +5.00

<szubaark> nice KN 10:53

<KN_ES> thanks 10:54

<NihabaAshi> Weak Resistance area 10:55

Easy area to reverse a Short if wrong :)

<KN_ES> add 61.25

<NihabaAshi> Shorts ER2 @ 705.90 10:56

intuition

1 contract only

<KN_ES> 59 should be a nice area for a reverse :)

<NihabaAshi> Trend is obviously up but it is a resistance area

<KN_ES> yes

<NihabaAshi> Covered ER2 Short @ 706.60 --> - 0.7 10:58

Reverse and Enter Long ER2 @ 706.60

2 contracts Long

<KN_ES> out 3/4 64.25 + 3.00

h 8

+2 +1 10:59

<NihabaAshi> Key markets now out of sync...ER2 on its own :( 11:00

<KN_ES> out 4 64.75 + 3.50

63.75 11:01

<NihabaAshi> Exited ER2 Long @ 706.70 --> + 0.1 11:02

<KN_ES> out 4 (all 61.25) 62.75 + 1.50

<NihabaAshi> Shorts ER2 @ 706.10 -> small size 11:04

<KN_ES> out 2 (all 57.25) 62.25 + 5.00

<NihabaAshi> 2 only

<KN_ES> add 62 11:05

<NihabaAshi> We are back at that 705.90 price area

Will watch to see if it becomes one of those sneaky support areas.

<KN_ES> s.l all 59 11:06

<NihabaAshi> ER2 should be in either creeper uptrend mold right now or dropping like a rock. 11:07

Instead, its in a tight range up here :(

<szubaark> ES weakest of all Indexes, up only +2 11:08

<NihabaAshi> My be a good time for me to take an early lunch break because volatility is dropping and trying to flat line.

<KN_ES> out 3/4 63.00 + 1.00 11:09

h 8

+1

<NihabaAshi> Covered ER2 Short @ 707.10 --> - 1 11:12

<KN_ES> out 4 65.00 + 3.00

<NihabaAshi> Long ER2 @ 706.30 -> medium size

<silo> Long ER2 @ 707.40 «« paper »» 11:13

<NihabaAshi> Creeper Uptrend 11:14

<szubaark> :((

<NihabaAshi> Yeah...they are difficult to trade :(

<szubaark> with no pullbacks

<KN_ES> out 2 65.50 + 3.50

<jperl> done for the morning....trades here.... 11:15

<startrader> 65 handle is 38% of move from 4.7 highs. Ym 10 ticks from 62% of same move.

<jperl> http://charts.dacharts.com/2008-04-10/JP ERL1.png

<NihabaAshi> Sometimes there's pullbacks but the pullbacks are a small tight trading range or pin ball machine line price action

That causes enough hesitation to miss a entry point.

<T-stop> ER, 708 is 50 % retrace from high a few days ago, fwiw 11:16

+/-

<NihabaAshi> Key marekts trying to get in sync...downwards. 11:17

volatility declining 11:18

Somethign is going to pop soon...

Hopefully up and not down

<PapaJon> er2 is at yesterdays upper reaches of its value area... likely strong resisitance

But.. as we all know.. strong resistance can act like a good spring board too 11:19

<silo> Long ER2 @ 707.50 -> Add «« paper »»

<NihabaAshi> DAX pushing hard upwards...volatility spike

Lets see if ER2 and other emninis want to follow.

Yep...they are following the DAX right now 11:20

<PapaJon> moment of truth

<NihabaAshi> Exited 3/4 ER2 Long @ 708.40 --> + 2.1

<szubaark> this is getting Parabolic... tough action 11:21

<NihabaAshi> If this price action doesn't retrace... 11:22

I may get lucky to see my day trade turn into a intraday position trade.

If so...will be looking to ADD to my position.

exit stop raised ER2 @ 706.40 11:23

Going to lunch...

If that trailing stop is hit while I'm out for Sushi...will post late trade result when I return.

* NihabaAshi is now known as NihabaAshi_away

<startrader> YM and ER2 at 62% of move. ES at 10 pt range of 60 min bar. 11:24

<PapaJon> Have to go now.. bye all

<jsbach--> bye 11:25

What is $SOX?

<NihabaAshi_away> Almost forgot...my Long entry posted is an error...

<T-stop> Semiconductor index

<NihabaAshi_away> Will correct that when I return.

<jsbach--> thanks 11:26

<T-stop> INTC, AMAT, KLAC, etc

np

Bush speaking, fwiw

<lumenPharmer> js Phili semiconductor index + $sox

<jsbach--> thanks lumen 11:27

<KN_ES> a storng resistance at 66.75 and next major suport 64

<lumenPharmer> t-stop had it

<jsbach--> i found it on investopedia...my first few google searches unsuccessful

<lumenPharmer> np

<KN_ES> but dax is going up and up and up

finally.... 11:31

<KiwiRoo> interesting.... we're tailing the dax as u said. KN. 11:35

<KN_ES> :)

looking for 69.75

<KiwiRoo> S 67

<KN_ES> out 1 67.00 + 5.00 11:36

<KiwiRoo> +5 nice.. 11:37

<KN_ES> h 1+1

:)

thanks

<silo> Exited 1/2 ER2 Long @ 708.60 --> + 1.1 «« paper »»

<KN_ES> need a hh to confirm the trend 11:38

<KiwiRoo> Yep! 11:39

<KN_ES> 68+ should be great

<KiwiRoo> Market might have complete its mission for now though...

+2 1/2 11:40

65.00

<KN_ES> in that case 64 should be a good area to reverse

cool

<KiwiRoo> guess they want more!! 11:45

<jsbach--> hehe

<KN_ES> should get nice bounce from 66.50 11:46

<KiwiRoo> -1.25 remainders 11:48

<silo> Exited Remainder ER2 Long @ 709.40 --> + 2 «« paper »»

<KN_ES> nice trade silo 11:49

<silo> thanks

<KiwiRoo> S 7.50 11:56

1point stop.

and gone :(

no more fading this market... 11:57

<KN_ES> 66.50 area had lots of orders.......

<KiwiRoo> i just think the 67.50 area is real strong resis...

<KN_ES> :)

<brotherofjared> good job jperl 11:58

<KiwiRoo> damn... hmm.... real strong trend i guess.

try one more.. S8.25

using 3ticks stop 12:01

<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

<KiwiRoo> wow...-3ticks. :P

<KN_ES> and thats the (...nice) bounce.....from 66.50 area

<KiwiRoo> yep..reallly nice bounce. 12:02

<KN_ES> out 1(l 62) 69.00 + 7.00

<KiwiRoo> very nice.... 12:03

now it tanking....

left the station without me.. :(

<KN_ES> not going anywhere soon 12:04

atleast not till 64

* codehead_afk is now known as codehead 12:06

<KiwiRoo> Look like the trendline is holding up well so far..

until.........now... :) 12:07

I think under 65.75...we'll get a new story 12:13

<KN-ES> finally 12:50

Exited Remainder ES Long @ 1364.25 --> + 10 12:51

<szubaark> very nice KN

<KN-ES> thanks

Shorts ES @ 1364.25

sz

s.l 68.75

<silo> hey guys, what tax software do you guys use ? 12:53

<bern_> 1:00 PM ET : Federal Reserve Chairman Ben Bernanke to speak about the President's Working Group and Financial Stability Forum reports, at the University of Richmond, Virginia. Audience Q&A expected . 12:55

* NihabaAshi_away is now known as NihabaAshi 12:56

<NihabaAshi> Late trade post after returning from lunch

<silo> Shorts ER2 @ 706.50 «« paper »»

<NihabaAshi> I posted incorrectly an entry of 706.30 when it was 707.30 12:57

+1.1 on 3 contracts and not +2.1 on 3 contracts...

Remainder is the following of -0.9 12:58

<silo> hey niha, what software do you use to do your taxes 13:00

for trading 13:01

Covered all ER2 Short @ 704.40 --> + 2.1 «« paper »»

<NihabaAshi> silo...he's called a Power of Attorney Tax Accountant :)

Software not needed :)

<silo> oops

typed it wrong

that should be a loss

:P

<NihabaAshi> My taxes are too complicated for me...reason why I've used a tax guy I trust that has power of attorney over my taxes since 2000 13:02

<brotherofjared> Shorts ER2 @ 706.7 «« paper »»

<silo> lol 13:04

cool

how did you go about selecting the right accountant?

<NihabaAshi> luck

If I told you exactly how...you aren't gonna believe me :) 13:05

<silo> you met him in the bathroom at a movie theater 13:06

<NihabaAshi> :(

<silo> while taking a piss

lol

<szubaark> lol 13:07

<silo> Long ER2 @ 708.60 «« paper »» 13:31

<NihabaAshi> Long ER2 @ 708.80 -> small size 13:33

3 only

Will be a tough trade

The volatility needs to maintain itself for at least 5 ticks my way 13:34

:( 13:35

volatility declining 13:37

<rep1acs> anyone trading with ampfutures here?

<NihabaAshi> nqcruiser is but he's not here today.

I will be trying them soon as a backup broker first to see if they can become my primary broker

<rep1acs> ok thanks

<NihabaAshi> Will try all their platforms except X-Trader which is what I currently have at Velocity 13:38

<rep1acs> i got an email from them abt discount commission rates but not sure it's for rt or only 1 side..

<NihabaAshi> What rt did they offer you ???

<rep1acs> i've never been with them b4 13:39

<silo> ampfutures? 13:41

<rep1acs> yeah

if thats rt then it'd be much greater than what i'm being offered 13:42

<silo> some guy from elitetrader sent me a pm saying that he can talk to the owner for me to work out some special commission deal..... when i was asking about brokers on that forum 13:47

<NihabaAshi> Exited 2/3 ER2 Long @ 710.30 --> + 1.5

<rep1acs> silo do u trade fx futures? 13:48

or spot fx?

<silo> Exited all ER2 Long @ 710.4 --> + 1.8 «« paper »»

a bit out of sync now

ok now nq is picking up too now 13:50

oh well

out already

es is dipping though 13:51

probably better that i'm out now

fx futures?

no

i am testing openEcry and InfinityFutures right now

both look pretty good

but openEcry's software is amazing

<rep1acs> i have an acct w/ infinity but their rates for fx contracts are a bit high.. 13:52

<Nesi> hi all

<silo> fx ? forex?

i really lik openEcry

their commissions for futures are dirty cheap 13:53

3.5

<Nesi> 3.50?

<silo> instead of other firms' 4.8 or 5 bucks roundtrip

yeah

<Nesi> i get 4.80

<silo> and their platform is sooooooo nice

so pretty

<Nesi> how u got that price, silo?

<silo> you can even click a button and it'll print or save your daily statistics, trades, performce in pdf, excel, or some other format

nesi.... i think it's that price for every customers 13:54

not sure, have to check

i'm not using them yet

just testing demo

<rep1acs> unfortunately i can't connect to openEcry

too bad

<silo> you should download it

oh

<Nesi> i had openycry for 7 months..silo, and i pay 4.80

<silo> nesi.... it takes like 2 minutes to set up their platform

<rep1acs> their support team spent hours trying to fix

<silo> oh

<rep1acs> but no luck

<silo> hehe

<Nesi> i have the real one and the demo, silo

<silo> oh 13:55

that's what you're trading with right now?

maybe i made a mistake when reading the rates hehe

but their platform is nice huh?

<Nesi> i wont say anything, because they may up you to 4.80 :)

its great, yes, silo

really great

<silo> i know they had some connections issues and data freezes earlier

but apparently they fixed those issues recently

have you experienced any of that lately?

<Nesi> not really 13:56

<NihabaAshi> Exited Remainder ER2 Long @ 710.00 --> + 1.2

<silo> sweet

:D

<Nesi> i would say since i have the account with them, probably 98.0 % uptime

<silo> this is hte one i'll be signing up to then

<Nesi> even no problems with the feds..etc

<silo> do you use a backup broker?

<Nesi> no 13:57

<silo> hehe ok

i might sign on to a backup broker

just in case

i'd bet niha probably even has 2 phone companies

niha, do yo? 13:58

lol

<NihabaAshi> Yeah...cable internet here at the house and dsl up at the condo.

<silo> no i mean t for one house

:)

hehe

maybe you're not that paranoid

<NihabaAshi> I use to have cable and dsl at the house. 13:59

<silo> nesi...... oec even let you trade multiple accounts as if you're trading one

by linking them together

<Nesi> yes

<silo> so you place one trade in your account

<Nesi> silo

<silo> the other account does the same thing

:D

and they allow you to trade off their charts

by placing orders

there

:D

so sweet

<Nesi> exactly, and very easy to trade off charts too 14:00

<silo> do you use the dom or chart

for placing orders

<Nesi> both

both

the dom

<silo> easier to set limit orders or stops on the chart 'cuz you can see the price action

<Nesi> i used to read level twos..so..

the dom its easy

<silo> i used to too

for nyse stocks

:D

i was a tape reader 14:01

hey nesi, can you enter a trade and have it automatically set your hard stop to 4 pts down for all your trades you enter? 14:03

as well as a trailing stop

etc

so all you have to do is enter a trade

and the stops and trailing stops are already set for you

is there a way to set that up ahead of time 14:04

so i wont have to do it each time when i enter a trade

<NihabaAshi> silo and Nesi...talk about OpenEcry technical stuff via pm now.

<silo> sorry

:D

<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> Shorts ER2 @ 707 «« paper »» 14:26

Shorts ER2 @ 706.9 «« paper »» 14:30

Covered ER2 Short @ 707.40 --> - 0.5 «« paper »» 14:34

Reverse and Enter Long ER2 @ 707.40 «« paper »»

<szubaark> Covered all Short ES at 1354.50 --> + 7.25 «« paper »» 14:43

Covered all Short ES at 1364.50 --> - 2.75 «« paper »»

<silo> Long ER2 @ 708.10 -> Add «« paper »» 14:51

Long ER2 @ 708.50 -> Add «« paper »» 14:57

Exited all ER2 Long @ 709.40 --> + 2.9 «« paper »» 14:58

weird it says i made 4.4pts total on my 4 contracts

on the demo

weird 14:59

:)

<ItalianSharp> i'd be very shocked to see the markets rebound again from this price area... 15:17

guess they'll rebound just to shock me :)

<startrader> Shorts ES @ a1364.75

Covered 1/2 ES Short @ 1361 --> + 0.75 15:32

Covered 1/4 ES Short @ 1359 --> + a1364.75 - 1359 15:34

<NihabaAshi> Weak support area here

<brotherofjared> Covered all ER2 Short @ 705.5 --> + 1.2 «« paper »» 15:36

<NihabaAshi> Shorts ER2 @ 705.20 -> small size 15:37

2 only

<startrader> Covered Remainder ES Short @ 1358.75 --> + a1364.75 - 1358.75

<NihabaAshi> Back to back hammer lines in the DAX 15:38

Covered ER2 Short @ 705.60 --> - 0.4

Long ER2 @ 705.80 -> medium size

Exited 3/4 ER2 Long @ 706.10 --> + 0.3 15:41

<silo> Shorts ER2 @ 705.40 «« paper »» 15:42

<NihabaAshi> Long ER2 @ 704.60 -> Add 15:43

<futurible> Covered Remainder ER2 Short @ 703.80 --> + 2 «« paper »» 15:45

<NihabaAshi> Weak support area 15:48

4p est Rush Hour traffic about 10 mins around the corner 15:49

Things will get interesting here soon

:( 15:50

Other key markets doing what I expected but not ER2

<silo> Covered ER2 Short @ 704.80 --> + 0.6 «« paper »» 15:51

Reverse and Enter Long ER2 @ 704.80 «« paper »»

shorts covering before the close?

<NihabaAshi> Exited ER2 Long @ 705.00 --> - 0.4

Holding 1 contract remainder 15:52

That's a +0.4 on that contract from 704.60

Still got a contract from 705.80

<startrader> Shorts ES @ 1360.75 15:53

<NihabaAshi> Getting too close to the 4pm rush hour traffic... 15:54

I need to dump this contract here soon.

<silo> Exited all ER2 Long @ 706.50 --> + 1.7 «« paper »» 15:56

with 2 contracts

:)

<NihabaAshi> Tightning up my trailing stop

Exited Remainder ER2 Long @ 706.80 --> + 1 15:58

<werner> gn all 16:00

<Brutus> http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={61fc3 26e-0681-46bf-be91-6e3257dd3f1f}

<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 16:10

* NihabaAshi is now known as NihabaAshi_away 16:12

* DisconnectedSession Close: Thu Apr 10 22:39:39 2008 22:39

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)

WRB Analysis

Learn More

Sponsor:
Skype

Google:

#FuturesTrades past logs can be searched via using Google. For example, pretend you want to research what has been said about volatility analysis. Go to the Google search window below and type in "volatility analysis" site:thestrategylab.com (exactly as I typed it including the quotation marks) and you will find everything associated with those key words that were used by any member of #FuturesTrades.


We are proud to say that our chat room members are from the following geographical areas in the world:

Argentina, Australia, Belgium, Brazil, Canada, Denmark, France, Germany, Greece, Hong Kong (China), Israel, Italy, Japan, Mexico, Portugal, Puerto Rico (U.S.), Saudi Arabia, Singapore, Spain, United States and Venezuela.

In addition, below are the trading instruments our chat room members monitor closely to make trade decisions:

CME Emini Futures EMD, ER2, ES and NQ

CBOT mini-sized Dow Futures YM

Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50

Eurex Fixed Income Derivatives BUND, BOBL and Schatz

Euronext Futures FTSE-100 and CAC-40

CME Futures EuroFX EC

Treasury Futures T-Notes ZN, ZF and T-Bonds ZB

Forex Currencies EurUsd, EurYen and UsdCdn

Exchange Traded Funds DIA, IWM, QQQQ, SPY, OIH, XLE and GLD

NYMEX Energies Light Crude Oil CL, e-miNY QM and Natural Gas NG

COMEX Metals Gold GC and ZG

Hang Seng Index Futures HSI

Last of all, if you have any questions about any of the above commentary, specific trades et cetera...

Don't hesitate to ask your questions and we'll reply back as soon as possible.