#FuturesTrades April 11th Friday 2008 Trade Log

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: Fri Apr 11 09:27:35 2008 Session Ident: #futurestrades
* Now	talking in #futurestrades	09:27
<X>	[NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<ItalianSharp>	bears knocking at the door again :)
<PapaJon>	kinda looks that way	09:28
<Nesi>	good morning all
<anglo>	GE down more than 10%	09:29
<lumenPharmer>	ES 1360 should now be broken, looking for 1330 test with in 5 days
<drt>	gm everyone
<lumenPharmer>	need a close under 1355	09:30
<szubaark>	Buys ES @ 1346.75 «« paper »»	09:31
	exit stop set ES @ 1345.25 «« paper »»	09:32
<NihabaAshi>	Long ER2 @ 699.50 -> small size	09:34
	intuition only...no pattern signal
<KN-ES>	Shorts ES @ 1347.75
<NihabaAshi>	So far...its jumpy	09:35
<KN-ES>	Covered 3/4 ES Short @ 1346.25 --> + 1.5
	s.l 48.25
	48.75	09:36
<KiwiRoo>	Hey brutus.. u here mate?
<Brutus>	chat at lunch KR	09:37
<NihabaAshi>	Today is G7 Meeting...expect some crazy and/or weird price action
<KiwiRoo>	k man..
<NihabaAshi>	I'm keeping my position size small all day because of the G7 Meetings	09:38
<szubaark>	Exited all Long ES at 1345.50 --> - 1.25 «« paper »»
<silo>	how important is g7? does it affect the market a lot?
<szubaark>	Shorts ES @ 1345.50 «« paper »»
<KN-ES>	Covered 2C ES Short @ 1345.25 --> + 2.5
<NihabaAshi>	silo...just watch the price action...
<KN-ES>	Covered 2C ES Short @ 1345.75 --> + 2
<NihabaAshi>	It will tell you all about G7 influences :)	09:39
	It's self explanatory :)
<KN-ES>	add 46.50
<NihabaAshi>	Exited ER2 Long @ 697.10 --> - 2.4	09:40
	Reverse and Enter Short ER2 @ 697.10
	2 contracts now
	weak support just developed	09:42
<szubaark>	Covered all Short ES at 1347.50 --> - 2 «« paper »»
	Buys ES @ 13347.75 «« paper »»
<NihabaAshi>	Covered ER2 Short @ 697.60 --> - 0.5
<szubaark>	Buys ES @ 1347.75 «« paper »»	09:43
<NihabaAshi>	Long ER2 @ 697.70 -> small size
	2 contracts
<KN-ES>	add 47.50
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)
<startrader>	Shorts ES @ 1347
<KN-ES>	out 3/4 47.50 46.50 +1.00	09:44
	out 3/4 46.50 45.50 +1.00	09:45
	out 2 47.50 45.50 + 2.00
<NihabaAshi>	Exited ER2 Long @ 696.50 --> - 1.2	09:46
<silo>	:\
<KN-ES>	add 47	09:47
<NihabaAshi>	Long ER2 @ 697.30 -> small size	09:49
	3 contracts
<KN-ES>	48.75 - hit and out	09:50
<NihabaAshi>	I think we have a 10am est key market event around the corner	09:51
<KN-ES>	Shorts ES @ 48
	s.l 49
<ItalianSharp>	yes niha...we also have important G7 meeting today in washinton	09:52
<NihabaAshi>	tightning up my trailing stop just in case this retraces fast via the early birds dumping too soon before the 10am est report	09:54
<KN-ES>	Shorts ER2 @ 698.60	09:55
<NihabaAshi>	Exited ER2 Long @ 698.00 --> + 0.7
<KN-ES>	Covered 3/4 ER2 Short @ 697.60 --> + 1
	add 98
<NihabaAshi>	stuff like that is what I'm talking about "retracing fast from the dump".	09:56
<KN-ES>	out 98 3/4 97.50 +.50
	Covered 1/4 ER2 Short @ 697.50 --> + 1.1
	s.l 699	09:57
<szubaark>	thats a nasty candle forming
<NihabaAshi>	Yeah...
	Be careful because its gonna get nastier :(
	Shorts ER2 @ 698.30 -> small size	09:59
	2 only
<KN-ES>	add 98.20
	out all 98 97 + 1.00	10:00
	out all 98 97.50 + .50
<NihabaAshi>	Covered 1/2 ER2 Short @ 695.90 --> + 2.4	10:02
<KN-ES>	out 3/4 98.20 95.70 ...... + 2.50
	out 1 98.20 96.20 ...... + 2.00
<NihabaAshi>	My nickname for G7 meeting price action is "Bronco Ride".	10:03
<Pepe>	:)
<KN-ES>	Covered ER2 Short @ 696.2 --> + 2.4	10:04
	Reverse and Enter Long ER2 @ 696.2
	s.l 95	10:05
	Long ER2 @ 695.50	10:07
<startrader>	Covered 1/2 ES Short @ 1345 --> + 2
<NihabaAshi>	weak support here
<startrader>	Covered Remainder ES Short @ 1344 --> + 3	10:10
<Andy>	Long DAX @ 6632
<szubaark>	nice star
<silo>	Shorts ER2 @ 694.50 «« paper »»
<KN-ES>	Shorts DAX @ 12411
<Andy>	Exited 1/2 DAX Long @ 6635.5 --> + 3.5
<KN-ES>	Covered 1/2 DAX Short @ 12406 --> + 5	10:11
<startrader>	ty
<NihabaAshi>	Covered Remainder ER2 Short @ 694.70 --> + 3.6	10:12
<KN-ES>	Covered DAX Short @ 12406 --> + 5
	Reverse and Enter Long DAX @ 12406
<Andy>	Exited 1/4 DAX Long @ 6636.5 --> + 4.5
<KN-ES>	Exited 1/2 DAX Long @ 12411 --> + 5
<Andy>	Exited Remainder DAX Long @ 6642 --> + 10	10:13
<NihabaAshi>	Long ER2 @ 695.30 -> small size	10:14
<KN-ES>	Exited all DAX Long @ 12411 --> + 5
<NihabaAshi>	1 only
<KN-ES>	ym
<NihabaAshi>	If it moves upwards...I'll try to find a good place to ADD
<KN-ES>	Shorts YM @ 12411	10:15
	s.l 20
<NihabaAshi>	It's just creeping upwards without any price stalls in other key markets to setup a possible ADD	10:17
<KN-ES>	hit and out	10:18
<NihabaAshi>	Long ER2 @ 697.80 -> small size
	That's an add
<silo>	Covered all ER2 Short @ 697 --> - 2.5 «« paper »»
<PapaJon>	niha.. i think you meant 96.8?	10:19
<NihabaAshi>	Exited ER2 Long @ 697.00 --> - 0.8
	Papa...yes.	10:20
<Pepe>	697.80?
<NihabaAshi>	Its a +0.2 on that contract
<Pepe>	ok
<NihabaAshi>	Sill holding the orignal entry
<Pepe>	thanks
<KN-ES>	Shorts DAX @ 6661	10:21
	Covered 1/2 DAX Short @ 6658 --> + 3
	s.l 64
	Shorts DAX @ 6661	10:24
	Covered 1/3 DAX Short @ 6658 --> + 3	10:25
	s.l 64
	Covered 1C DAX Short @ 6665 --> - 4
	np
	Covered 1C DAX Short @ 6655 --> + 6
<NihabaAshi>	Covered remainder ER2 Short @ 696.30 -> +1.00	10:26
<KN-ES>	Covered 1C DAX Short @ 6651 --> + 10
<silo>	yeah er2 2min still in a downtrend
<startrader>	Long ES @ 1347
<KN-ES>	Covered DAX Short @ 6652.50 --> + 8.5
	Reverse and Enter Long DAX @ 6652.50
	Exited 1/2 DAX Long @ 6655.50 --> + 3	10:27
<startrader>	Exited 1/2 ES Long @ 1348 --> + 1
<KN-ES>	Exited DAX Long @ 6651.50 --> - 1
	Reverse and Enter Short DAX @ 6651.50
	Covered 1/2 DAX Short @ 6648.50 --> + 3
	Covered DAX Short @ 6651 --> + 0.5	10:29
	Reverse and Enter Long DAX @ 6651
	Exited 1/2 DAX Long @ 6653 --> + 2
	Exited 1C DAX Long @ 6659 --> + 8	10:30
<startrader>	Exited Remainder ES Long @ 1347.25 --> + 0.25
<KN-ES>	Exited 1C DAX Long @ 6657 --> + 6	10:31
	Exited DAX Long @ 6659 --> + 8	10:32
	Reverse and Enter Short DAX @ 6659
<startrader>	Shorts ES @ 1347.50
<KN-ES>	Covered 1/2 DAX Short @ 6656 --> + 3
	Covered 1C DAX Short @ 6654 --> + 5
	Covered DAX Short @ 6656 --> + 3
	Reverse and Enter Long DAX @ 6656
	Exited 1/2 DAX Long @ 6659 --> + 3	10:33
	Exited 1C DAX Long @ 6661 --> + 5	10:34
	Exited DAX Long @ 6660 --> + 4
	Reverse and Enter Short DAX @ 6660
	Covered DAX Short @ 6661 --> - 1	10:35
	Reverse and Enter Long DAX @ 6661
<startrader>	Covered all ES Short @ 1347.25 --> + 0.25
<KN-ES>	Exited 1/2 DAX Long @ 6663 --> + 2
	Exited 1C DAX Long @ 6668 --> + 7	10:36
<startrader>	Shorts ES @ 1349.50
<KN-ES>	Exited DAX Long @ 6665 --> + 4	10:37
	Reverse and Enter Short DAX @ 6665
	Covered 1/2 DAX Short @ 6663 --> + 2
	Covered 1C DAX Short @ 6660 --> + 5	10:38
<startrader>	Covered 1/2 ES Short @ 1347.75 --> + 1.75	10:39
<Nesi>	Shorts ER2 @ 696.80
<KN-ES>	Covered DAX Short @ 6660 --> + 5
	Reverse and Enter Long DAX @ 6660
	Exited 1/2 DAX Long @ 6663 --> + 3	10:40
	Exited 1C DAX Long @ 6662 --> + 2
	Exited 1C DAX Long @ 6667 --> + 7	10:41
<startrader>	Shorts ES @ 1350.25 -> Add	10:43
<KN-ES>	Exited Remainder DAX Long @ 6671 --> + 11
	Long DAX @ 6669
	Exited DAX Long @ 6668 --> - 1	10:45
	Reverse and Enter Short DAX @ 6668
<anglo>	.
<KN-ES>	Covered 1/2 DAX Short @ 6667 --> + 1
	Covered DAX Short @ 6669 --> - 1
	Reverse and Enter Long DAX @ 6669
	Exited 1/2 DAX Long @ 6671 --> + 2	10:46
	Exited 1C DAX Long @ 6675 --> + 6
	Exited 1C DAX Long @ 6677 --> + 8	10:47
<startrader>	Shorts ES @ 1350.50 -> Add
<KN-ES>	s.l 69
	tp +-85
<szubaark>	Exited all Long ES at 1351 --> + 3.25 «« paper »»	10:49
	Shorts ES @ 1351.75 «« paper »»
<KN-ES>	Exited DAX Long @ 6676 --> + 7	10:51
	Reverse and Enter Short DAX @ 6676
	Covered 1/2 DAX Short @ 6673 --> + 3
	Covered 1C DAX Short @ 6671 --> + 5
	Covered DAX Short @ 6671 --> + 5	10:52
	Reverse and Enter Long DAX @ 6671
<anglo>	.	10:53
<szubaark>	Covered all Short ES at 1350.25 --> + 1.5 «« paper »»	10:55
<X>	#FuturesTrades Info -> No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended without their permission. More info at www.thestrategylab.com/FuturesTradesChat Room.htm
<KN-ES>	Exited DAX Long @ 6670 --> - 1
	Reverse and Enter Short DAX @ 6670
<startrader>	Covered 1/2 ES Short @ 1349.25 --> + 1.25	10:56
<KN-ES>	Covered 1/2 DAX Short @ 6663 --> + 7
	Covered 1C DAX Short @ 6664 --> + 6
<startrader>	Covered Remainder ES Short @ 1349.25 --> + 0.25	10:57
<KN-ES>	Covered 1C DAX Short @ 6665 --> + 5
<szubaark>	Buys ES @ 1349.50 «« paper »»	10:58
<KN-ES>	Covered Remainder DAX Short @ 6660 --> + 10
	Long DAX @ 6660	10:59
	Exited 1/2 DAX Long @ 6665 --> + 5
	Exited 1C DAX Long @ 66644 --> + 59984	11:00
	Exited DAX Long @ 6661 --> + 1
	Reverse and Enter Short DAX @ 6661
	Covered 1/2 DAX Short @ 6656 --> + 5
	Covered 1C DAX Short @ 6653 --> + 8	11:01
	Covered 1C DAX Short @ 6654 --> + 7
	Covered DAX Short @ 6656 --> + 5	11:02
	Reverse and Enter Long DAX @ 6656
	Exited DAX Long @ 6657 --> + 1	11:03
	Reverse and Enter Short DAX @ 6657
	Covered DAX Short @ 6658 --> - 1
	Reverse and Enter Long DAX @ 6658
	s.l 56	11:04
	tp +- 64
	Exited DAX Long @ 6656 --> - 2
	Reverse and Enter Short DAX @ 6656
	Covered 1/2 DAX Short @ 6653 --> + 3	11:05
	Covered 1C DAX Short @ 6654 --> + 2
	Covered DAX Short @ 6656 --> 0
	Reverse and Enter Long DAX @ 6656
	Exited 1/2 DAX Long @ 6659 --> + 3	11:06
	Exited 1C DAX Long @ 6664 --> + 8	11:07
	Exited DAX Long @ 664 --> - 5992
	Reverse and Enter Short DAX @ 664
	nop
	Shorts DAX @ 6664
	Covered 1/2 DAX Short @ 6662 --> + 2	11:08
	Covered DAX Short @ 6662 --> + 2	11:09
	Reverse and Enter Long DAX @ 6662
	sl 57.50
	Exited 1/2 DAX Long @ 6667 --> + 5
	Exited 1C DAX Long @ 6668 --> + 6
	Exited DAX Long @ 6665 --> + 3	11:10
	Reverse and Enter Short DAX @ 6665
	Covered DAX Short @ 6666 --> - 1	11:11
	Reverse and Enter Long DAX @ 6666
	s.l 63	11:12
	Exited DAX Long @ 6663 --> - 3
	Reverse and Enter Short DAX @ 6663
	Covered 1/2 DAX Short @ 6658 --> + 5
	Covered 1C DAX Short @ 6656 --> + 7	11:13
	Covered DAX Short @ 6658 --> + 5
	Reverse and Enter Long DAX @ 6658
	Exited 1/2 DAX Long @ 6661 --> + 3
	Exited 1C DAX Long @ 6662 --> + 4	11:14
	Exited DAX Long @ 6660 --> + 2
	Reverse and Enter Short DAX @ 6660
	s.l 63
<NihabaAshi>	Long ER2 @ 698.10 -> small size	11:15
	2 only
<KN-ES>	Shorts DAX @ 6661
	Covered 1/2 DAX Short @ 6658 --> + 3	11:16
<szubaark>	Exited all Long ES at 1346.25 --> - 3.25 «« paper »»
<KN-ES>	Covered 1C DAX Short @ 6656 --> + 5
<szubaark>	Shorts ES @ 1346.25 «« paper »»
<NihabaAshi>	Exited ER2 Long @ 697.50 --> - 0.6	11:17
<szubaark>	yeah, weak
<KN-ES>	Covered DAX Short @ 6655 --> + 6	11:18
	Reverse and Enter Long DAX @ 6655
	Exited 1/2 DAX Long @ 6658 --> + 3
	Exited DAX Long @ 6658 --> + 3
	Reverse and Enter Short DAX @ 6658
	Covered DAX Short @ 6659 --> - 1	11:19
	Reverse and Enter Long DAX @ 6659
<NihabaAshi>	Long ER2 @ 697.70 -> small size
	2 only
<KN-ES>	Exited 1/2 DAX Long @ 6664 --> + 5
<szubaark>	Weak support area
<KN-ES>	Exited DAX Long @ 6664 --> + 5
	Reverse and Enter Short DAX @ 6664
<NihabaAshi>	I got a pattern signal that's questionable...	11:20
<KN-ES>	Covered 1/2 DAX Short @ 6661 --> + 3	11:21
<NihabaAshi>	Will hold on to this as if it was valid
<KN-ES>	Covered DAX Short @ 6663 --> + 1
	Reverse and Enter Long DAX @ 6663
<NihabaAshi>	Simply, I'm looking for a big trade on this as in points.
	tightning up my trailing stop
	exit stop raised ER2 @ 697.70	11:22
<KN-ES>	Exited 1/2 DAX Long @ 6665 --> + 2
<NihabaAshi>	It's still a G7 trading day...any thing can happen and when it does...it can get nasty fast :(
<KN-ES>	Exited DAX Long @ 6663 --> 0	11:23
	Reverse and Enter Short DAX @ 6663
	s.l 67
<NihabaAshi>	Exited ER2 Long @ 698.20 --> + 0.5
	Pin Ball Machine price action showed up :(	11:24
<KN-ES>	Shorts DAX @ 6664
<NihabaAshi>	Going to lunch...be back later.	11:25
* NihabaAshi	is now known as NihabaAshi_away
<KN-ES>	Covered DAX Short @ 6663 --> + 1	11:26
	Reverse and Enter Long DAX @ 6663
	s.l 61
	done with dax....	11:29
<lumenPharmer>	le puddle o mudd ;)	11:30
	if they can keep it under 1352, should see more down side action next few days	11:31
	but light volume, lets see if the chart painters wakeup at the end of the day ;P	11:32
<KN-ES>	es looks like will go up, first
<lumenPharmer>	like now first, or next few days first	11:33
<KN-ES>	1358 +
<lumenPharmer>	i c
<szubaark>	geez, just sitting here	11:34
<KN-ES>	you dont have enough volume to crash it down
<lumenPharmer>	yep, going to need a gap for a crash
<KN-ES>	some take profit and some huge sale will do the job, but it will take some time first
<lumenPharmer>	but we gapped through 1355-60, so we will see	11:35
<KN-ES>	we may reach as high as 64
<lumenPharmer>	hummm now u must die ;P	11:37
	hehehe
	light volume and fed wants it up, so nothing is out of the question
	but some cruzies into Iran might do it ;)	11:38
<KN-ES>	es should go up now	11:42
<startrader>	Shorts ES @ 1348.50	11:43
	Looking for a move to 40-4..	11:49
	40-42
<jsbach-->	what happend at 6:30EST to cause ES to drop 7 points in 5 mins?
	GE earnings report?	11:50
<Brutus>	y	11:54
<jsbach-->	oh really? ok thanks
	appreciate that
<Brutus>	http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={59ad0 40d-b03f-4e76-9176-721b56176e9a}	11:55
<jsbach-->	thanks	11:56
	it's 1am here, i was at a small party, just got online
<startrader>	Covered 1/2 ES Short @ 1346.50 --> + 2	11:58
<jsbach-->	more financials data due next week	11:59
<startrader>	Covered Remainder ES Short @ 1348 --> + 0.5
<silo>	what time is G7?	12:02
<werner>	all day	12:03
<jsbach-->	what is G7?	12:04
	I think I sort of know what that is, something to do with largest democracies, but I don't understand its relevance to today	12:06
<Pepe>	The Group of Seven (G7) Finance Ministers and Central Bankers will hold a meeting in Washington DC to discuss a range of global economic issues including world currencies and exchange rates.
	The G7 consists of the world’s richest nations - United States, Japan, Germany, United Kingdom, France, Italy, and Canada.	12:07
<startrader>	Shorts ES @ 1347.25	12:09
<jsbach-->	thanks pepe
* codehead_afk	is now known as codehead	12:14
<futurible>	Long ER2 @ 696.70 «« paper »»	12:18
<silo>	Shorts ER2 @ 696.40 «« paper »»	12:22
<futurible>	Exited all ER2 Long @ 696.20 --> - 0.5 «« paper »»	12:23
<szubaark>	Looks like more downside	12:42
<silo>	Covered all ER2 Short @ 694.50 --> + 1.9 «« paper »»	12:47
<szubaark>	nice trade silo
<silo>	thanks	12:48
<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	12:58
<szubaark>	they taking this down on no volume	13:03
<ItalianSharp>	szu, actually volume spiked when ES made new lows...then dropped during this small pullback	13:09
	the way i see it is no volume on tihs retracement	13:10
<szubaark>	yup, good points Italian
<ItalianSharp>	i want to see this thing creep a little higher to setup a possible short	13:11
	this is the typical day when the big move happens pre-market and all daytraders who start trading at 9.30am are left with peanuts
<startrader>	Covered all ES Short @ 1342 --> + 5.25	13:16
	Delayed, was out of the house.	13:17
	Looking for high 30's for a good long setup if we can get there before 3:00est.	13:21
<szubaark>	Gap close from 4/1 is around the corner	13:24
* NihabaAshi_away	is now known as NihabaAshi	13:29
<NihabaAshi>	Shorts ER2 @ 693.30 -> small size	13:30
	2 only
	intuition
<silo>	damn... you have the guts to sell that low?	13:31
<NihabaAshi>	Yeah, its a weak support...
	So far its fighthing hard to maintain itself
<szubaark>	also going with the trend, not fighting it	13:32
<sb>	calling bottoms is tougher in the long run ;)
<NihabaAshi>	It's now at a WRB pt level.
	Do I take a few tick profit or get greedy ????
	:)
<brotherofjared>	take profit..
<szubaark>	lol.. you greedy? Never
<Nesi>	ride it.. Niha :)	13:33
<startrader>	Shorts ES @ 1342
<brotherofjared>	im a kindergartner giving a graduate student advice..
<szubaark>	ES did not break Intradaylow Yet
<NihabaAshi>	See...this is where the gambling aspect comes into play :)
<szubaark>	i dont think Niha needs any of our advice.. LOL	13:34
<NihabaAshi>	Greed is good :)	13:36
<szubaark>	U got ES on your side now
<NihabaAshi>	I rolled the dice and decided not to take a 3 tick profit only
<brotherofjared>	time for reversal
<NihabaAshi>	Agree
<szubaark>	since we are in a Trend, I increse my Profit Targets, unless i see strength coming in	13:37
<brotherofjared>	Long ER2 @ 692.2 «« paper »»
<startrader>	Covered 1/2 ES Short @ 1340.25 --> + 1.75	13:38
<NihabaAshi>	Covered all ER2 Short @ 692.00 --> + 1.3
<szubaark>	nice star
<NihabaAshi>	Got 13 ticks instead of 3 ticks when the profit target was reached
<silo>	on ranging day like todya	13:39
<startrader>	Covered Remainder ES Short @ 1340.50 --> + 1.5	13:40
<silo>	we just ahve to wait for the major breakout.... easiest money
	:P
<szubaark>	lol silo
<NihabaAshi>	Not a great trading day for me but profitable especially when statistically these G7 meetings are losing trading days for me or extremely stressful with overtrading.
<silo>	yeah
	szu, that's what my last trade was	13:41
	instead of trading back and forth
	it's better to just sit tight and wait for that one or two trades
<szubaark>	silo, I only had 6 trades today, i usually average 10+
<NihabaAshi>	weak support area for ER2	13:42
<startrader>	38% from 3.17 low and 4.1 open at 39 handle.
<szubaark>	we had a Very Weak attempt in the morning at closing the gap, and we did not come Close	13:43
<startrader>	Long ES @ 1340	13:48
<brotherofjared>	Exited ER2 Long @ 691.5 --> - 0.7 «« paper »»	13:51
	Reverse and Enter Short ER2 @ 691.5 «« paper »»
<startrader>	Exited all ES Long @ 1340.25 --> + 0.25	13:53
<szubaark>	Expecting Volatility spike soon, hopefully to downside, Im Short	13:54
<Spartan>	Shorts ES @ 1339.50 -> small size «« paper »»	13:55
<startrader>	Long ES @ 1339.25
	need some volume for liftoff here.	13:56
<szubaark>	or might just Creep lower, tick by tick	13:57
	Covered all Short ES at 1340.25 --> + 6 «« paper »»	13:58
<Bambam-77>	trying to help with lift off just no fuel with you
<szubaark>	Bambam, you Long?
<Bambam-77>	y	13:59
<startrader>	Exited 1/2 ES Long @ 1341 --> + 1.75
<szubaark>	where?
<Bambam-77>	39.5
<Nesi>	Covered all ER2 Short @ 692.00 --> + 4.8
<szubaark>	i got out because we are due for a Larger Retrace, dont want to sit thru it
<Bambam-77>	t1 off looking for t2 around 54.5
	41.5	14:00
<lumenPharmer>	nice trades szub and nesi
<Bambam-77>	hi risk scalps
<brotherofjared>	Covered all ER2 Short @ 691.7 --> - 0.2 «« paper »»	14:02
<NihabaAshi>	weak support still
<startrader>	Exited Remainder ES Long @ 1340.50 --> + 1.25	14:03
<NihabaAshi>	Long ER2 @ 691.70 -> small size	14:06
	1 only...intuition
	oh oh	14:07
	volatility dropping fast	14:08
	I'm expecting a volatility spike here soon...
	Hopefully up and not down
	Only good thing is that the market is giving me a big HINT to take profit soon or reverse a losing position before my stop/loss is hit.	14:09
<startrader>	Long ES @ 1338.75	14:10
<NihabaAshi>	Exited ER2 Long @ 691.10 --> - 0.6	14:11
	Reverse and Enter Short ER2 @ 691.10
<brotherofjared>	you were correct niha... weak support	14:13
<NihabaAshi>	1/2 right...I was actually Long trying to get a few ticks off that weak support :)
<startrader>	Long ES @ 1338.25
<NihabaAshi>	Tooka loss but a good risk and I had some nice hints about my plan B when plan A didn't work	14:14
	Key markets in sync downwards
	Reason why I'm still short
<startrader>	Exited all ES Long @ 1336.50 --> - 1.75	14:15
<Spartan>	Covered all ES Short @ 1336.50 --> + 3 «« paper »»	14:16
<brotherofjared>	I lost patience and exited my shorts too early :(	14:17
<NihabaAshi>	Covered ER2 Short @ 689.60 --> + 1.5
<startrader>	Long ES @ 2
	Long ES @ 1337
* NihabaAshi	is now known as NihabaAshi_away	14:18
* NihabaAshi_away	is now known as NihabaAshi	14:21
<startrader>	Exited 1/2 ES Long @ 1337.75 --> + 0.75	14:24
<Spartan>	Long ES @ 1337.50 -> small size «« paper »»	14:25
	looking for 1339.50 on es long	14:27
<NihabaAshi>	volatility contracted	14:31
<Spartan>	looking for 1340.50 on es long	14:36
	that is if it does not fail
<Bambam-77>	39.75 first	14:37
<Spartan>	exit stop moved to breakeven ES @ 1337.50 «« paper »»	14:38
	Exited all ES Long @ 1337.50 --> 0 «« paper »»	14:39
	couldn't break 1339	14:40
	Long ES @ 1338.50 -> small size «« paper »»	14:42
	Exited all ES Long @ 1336.50 --> - 2 «« paper »»	14:43
<Bambam-77>	687.40 pos er trgt then sub 85's 684.7 vpoc	14:45
	trend still ss
	for now	14:46
<Spartan>	Shorts ES @ 1338.25 -> small size «« paper »»	14:48
<KN-ES>	Long ER2 @ 690.70	14:51
	sz
<KiwiRoo>	Shorts ES @ 39.75	14:52
<KN-ES>	sl 690
<szubaark>	couod be some more Pop as Shorts starts covering for the weekend
<KN-ES>	Exited 1/2 ER2 Long @ 691.40 --> + 0.7	14:54
<Spartan>	Covered all ES Short @ 1340.25 --> - 2 «« paper »»
<KN-ES>	s.l 690.50	14:55
<Spartan>	Shorts ES @ 1339.25 -> small size «« paper »»	14:56
<KiwiRoo>	Covered 1/2 ES Short @ 38.75 --> + 1	14:58
<KN-ES>	Exited ER2 Long @ 690.70 --> 0
	Reverse and Enter Short ER2 @ 690.70
	Covered 1/2 ER2 Short @ 690.20 --> + 0.5	14:59
	s.l 690.70
<KiwiRoo>	Covered Remainder ES Short @ 38 --> + 1.75
	wo+++	15:01
<KN-ES>	Covered 1C ER2 Short @ 689.50 --> + 1.2
<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>	Long ES @ 37 «« Scalp »»
<Spartan>	exit stop moved to breakeven ES @ 1339.25 «« paper »»	15:02
<KN-ES>	Covered ER2 Short @ 689.30 --> + 1.4
	Reverse and Enter Long ER2 @ 689.30
	Exited 1/2 ER2 Long @ 689.7 --> + 0.4	15:03
	Exited ER2 Long @ 689.60 --> + 0.3
	Reverse and Enter Short ER2 @ 689.60
<KiwiRoo>	Exited all ES Long @ 36.75 --> - 0.25 «« Scalp »»
<KN-ES>	s.l 90
<KiwiRoo>	baaa..	15:04