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#FuturesTrades April 11th Friday 2008 Trade Log

 

Russell 2000 Emini ER2 Futures

Today Month Year
+7.80 +97.50 +1290.40
$780 $9,750 $129,040

Profitable Trade

0934am - 0940am est

Losing Trade

0959am - 1012am 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: Fri Apr 11 09:27:35 2008 Session Ident: #futurestrades
* Now talking in #futurestrades09:27
<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 way09:28
<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 135509:30
<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 jumpy09:35
<KN-ES>  Covered 3/4 ES Short @ 1346.25 --> + 1.5
s.l 48.25
48.7509:36
<KiwiRoo> Hey brutus.. u here mate?
<Brutus> chat at lunch KR09:37
<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 Meetings09:38
<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 developed09:42
<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 +1.0009:44

out 3/4 46.50 45.50 +1.0009:45

out 2 47.50 45.50 + 2.00
<NihabaAshi>  Exited ER2 Long @ 696.50 --> - 1.2 09:46
<silo> :\
<KN-ES> add 4709:47
<NihabaAshi>  Long ER2 @ 697.30 -> small size 09:49

3 contracts
<KN-ES> 48.75 - hit and out09:50
<NihabaAshi> I think we have a 10am est key market event around the corner09:51
<KN-ES>  Shorts ES @ 48
s.l 49
<ItalianSharp> yes niha...we also have important G7 meeting today in washinton09:52
<NihabaAshi> tightning up my trailing stop just in case this retraces fast via the early birds dumping too soon before the 10am est report09:54
<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 69909:57
<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 + 1.0010:00
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 9510:05

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 ADD10:17
<KN-ES> hit and out10:18
<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 -> +1.0010:26
<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 5611:04
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 6311:12
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 days11:31
but light volume, lets see if the chart painters wakeup at the end of the day ;P11:32
<KN-ES> es looks like will go up, first
<lumenPharmer> like now first, or next few days first11:33
<KN-ES> 1358 +
<lumenPharmer> i c
<szubaark> geez, just sitting here11:34
<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 see11:35
<KN-ES> we may reach as high as 64
<lumenPharmer> hummm now u must die ;P11:37

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 now11:42
<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> y11:54
<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--> thanks11:56
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 week11:59
<startrader>  Covered Remainder ES Short @ 1348 --> + 0.5
<silo> what time is G7?12:02
<werner> all day12:03
<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 today12:06
<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 codehead12:14
<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 downside12:42
<silo>  Covered all ER2 Short @ 694.50 --> + 1.9 «« paper »» 12:47
<szubaark> nice trade silo
<silo> thanks12:48
<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.htm12:58
<szubaark> they taking this down on no volume13:03
<ItalianSharp> szu, actually volume spiked when ES made new lows...then dropped during this small pullback13:09
the way i see it is no volume on tihs retracement13:10
<szubaark> yup, good points Italian
<ItalianSharp> i want to see this thing creep a little higher to setup a possible short13:11
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 corner13:24
* NihabaAshi_away is now known as NihabaAshi13:29
<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 it13:32
<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.. LOL13:34
<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 in13:37
<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 todya13:39
<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 was13:41
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 ER213:42
<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 Close13:43
<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 Short13:54
<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 tick13:57

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> y13:59
<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
41.514:00
<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 oh14:07
volatility dropping fast14:08
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 support14:13
<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 work14:14
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_away14:18
* NihabaAshi_away is now known as NihabaAshi14:21
<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 long14:27
<NihabaAshi> volatility contracted14:31
<Spartan> looking for 1340.50 on es long14:36

that is if it does not fail
<Bambam-77> 39.75 first14:37
<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 133914:40

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 vpoc14:45
trend still ss
for now14:46
<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 690.5014:55
<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
too early...:(
<KN-ES>  Covered ER2 Short @ 689.90 --> - 0.3 15:05

Reverse and Enter Long ER2 @ 689.90

Exited 1/2 ER2 Long @ 690.20 --> + 0.3 15:06

too slow
<KiwiRoo> since when you started trading er2 KN?
<KN-ES>  Exited ER2 Long @ 690 --> + 0.1

Reverse and Enter Short ER2 @ 690

bored, will take anything

s.l 5015:07
<KiwiRoo> look like it wants to bottom around these prices... but sellers still on..
can't break 36 yet..... this might be it15:08
Shorts ES @ 36.25 «« Scalp »»
<KN-ES>  Covered 1/2 ER2 Short @ 689.20 --> + 0.8

Covered 1C ER2 Short @ 689.40 --> + 0.6
<KiwiRoo>  Covered 1/2 ES Short @ 35.50 --> + 0.75 «« Scalp »» 15:09
<KN-ES>  Covered 1C ER2 Short @ 688.90 --> + 1.1

Covered ER2 Short @ 689.00 --> + 1

Reverse and Enter Long ER2 @ 689.00

sl 50
<KiwiRoo>  Covered Remainder ES Short @ 36.25 --> 0 «« Scalp »»
<KN-ES>  Exited 1/2 ER2 Long @ 689.60 --> + 0.6 15:10

Exited 1C ER2 Long @ 689.40 --> + 0.4

Exited ER2 Long @ 689.30 --> + 0.3 15:11

Reverse and Enter Short ER2 @ 689.30

Covered 1/2 ER2 Short @ 688.80 --> + 0.5
<KiwiRoo> lol.. nice scalping KN
<KN-ES>  Covered 1C ER2 Short @ 688.60 --> + 0.7
<KiwiRoo>  Long ES @ 35.50 «« Scalp »» 15:12
<KN-ES>  Covered 1C ER2 Short @ 688.40 --> + 0.9

add 688.60

1/2 688.60 688.30 + .315:13
<KiwiRoo>  Exited all ES Long @ 35.00 --> - 0.5 15:14
<KN-ES> 1 688.60 688 + .6

1 688.60 687.60 + 1.00

h 1 + 1

thanks KiwiRoo, have a short in es, so cannt trade es15:15

thats the other reason why er2
<KiwiRoo> Awesome.!!!
you holding a swing?
<KN-ES> :)15:16

Covered ER2 Short @ 687.80 --> + 1.5

Reverse and Enter Long ER2 @ 687.80

s.l 50

Exited 1/2 ER2 Long @ 688.30 --> + 0.5

Exited 1C ER2 Long @ 688.40 --> + 0.6 15:17

Exited ER2 Long @ 688.40 --> + 0.6

Reverse and Enter Short ER2 @ 688.40

sl 90

Covered ER2 Short @ 688.30 --> + 0.1

Reverse and Enter Long ER2 @ 688.30

sl 00

Exited 1/2 ER2 Long @ 688.50 --> + 0.2 15:18

Exited 1C ER2 Long @ 688.80 --> + 0.5 15:19

Exited ER2 Long @ 688.80 --> + 0.5

Reverse and Enter Short ER2 @ 688.80

sl 3015:20

Covered 1/2 ER2 Short @ 688.60 --> + 0.2
<Spartan>  Shorts ES @ 1336.75 -> Add «« paper »» 15:22
<KN-ES>  Covered 1C ER2 Short @ 688.30 --> + 0.5

Covered ER2 Short @ 688.40 --> + 0.4

Reverse and Enter Long ER2 @ 688.40

sl 0015:23

Exited ER2 Long @ 688.60 --> + 0.2 15:24

Reverse and Enter Short ER2 @ 688.60

Covered 1/2 ER2 Short @ 688.30 --> + 0.3

Covered ER2 Short @ 688.60 --> 0

Reverse and Enter Long ER2 @ 688.60

s.l 10

Exited 1/2 ER2 Long @ 688.90 --> + 0.3 15:25
<KiwiRoo> big paper buyers..15:26
<KN-ES>  Exited 1C ER2 Long @ 689.10 --> + 0.5

Exited ER2 Long @ 689.10 --> + 0.5

Reverse and Enter Short ER2 @ 689.10

s.l 60
<KiwiRoo> this might shoot up soon...15:27
<KN-ES>  Covered ER2 Short @ 689.00 --> + 0.1

Reverse and Enter Long ER2 @ 689.00

you saw that 41 order15:28

?

Exited 1/2 ER2 Long @ 689.40 --> + 0.4
<KiwiRoo> my dom don't have that far....
they're still buying on the pitt.
<KN-ES> it may reach 690.20
<KiwiRoo> they finished.15:29
<KN-ES>  Exited 1C ER2 Long @ 689.60 --> + 0.6

Exited ER2 Long @ 689.50 --> + 0.5

Reverse and Enter Short ER2 @ 689.50

s.l 00

Covered 1/2 ER2 Short @ 689.20 --> + 0.3
<KiwiRoo> shit.. still coming in to buy.
...15:30
<KN-ES>  Covered 1C ER2 Short @ 688.70 --> + 0.8

Covered 1C ER2 Short @ 688.20 --> + 1.3 15:31

Covered ER2 Short @ 688.20 --> + 1.3

Reverse and Enter Long ER2 @ 688.20

sl 70

Exited 1/2 ER2 Long @ 688.60 --> + 0.4 15:32

Exited 1C ER2 Long @ 688.70 --> + 0.5

Exited ER2 Long @ 688.30 --> + 0.1

Reverse and Enter Short ER2 @ 688.30

Covered ER2 Short @ 688.40 --> - 0.1 15:33

Reverse and Enter Long ER2 @ 688.40

Exited 1/2 ER2 Long @ 688.80 --> + 0.4 15:34

Exited ER2 Long @ 689.10 --> + 0.7

Reverse and Enter Short ER2 @ 689.10

s.l 60

Covered 1/2 ER2 Short @ 688.70 --> + 0.4 15:35

Covered 1C ER2 Short @ 688.50 --> + 0.6

Covered ER2 Short @ 688.40 --> + 0.7

Reverse and Enter Long ER2 @ 688.40

Exited ER2 Long @ 688.50 --> + 0.1

Reverse and Enter Short ER2 @ 688.50

sl 0015:36

Covered 1/2 ER2 Short @ 688.10 --> + 0.4

Covered 1C ER2 Short @ 687.80 --> + 0.7 15:37

Shorts ER2 @ 688.20

sl 7015:38
<KiwiRoo> woooo...
paper bidding the lows...
<KN-ES>  Covered 1/2 ER2 Short @ 687.30 --> + 0.9
<NihabaAshi>  Shorts ER2 @ 687.30 -> small size
<KN-ES> it not coming back up........guessing going down
<NihabaAshi> :(
trade error15:39
<KiwiRoo> yep... they're selling this prety hard..
<KN-ES> h 3..
Covered 1C ER2 Short @ 687.90 --> + 0.3 15:40
nop
<startrader>  Long ES @ 1333.50
<KN-ES>  Covered 1C ER2 Short @ 686.90 --> + 1.3
<Spartan>  Covered 1/2 ES Short @ 1334 --> + 2.75 «« paper »»
<KN-ES> s.l 688.20 0.00
<NihabaAshi>  Covered ER2 Short @ 686.90 --> + 0.4

I thought I had cancelled that order.15:41
<Andy>  Long ES @ 1333.5
<NihabaAshi> Lucky trade of the day :)
<KN-ES>  Covered ER2 Short @ 686.60 --> + 1.6
Reverse and Enter Long ER2 @ 686.60
s.l 10
risky
trade
<Andy>  Exited 1/3 ES Long @ 1334.5 --> + 1
<KN-ES>  Exited 1/2 ER2 Long @ 687 --> + 0.4 15:42
Exited ER2 Long @ 686.90 --> + 0.3
Reverse and Enter Short ER2 @ 686.90
sl 4
0
<NihabaAshi> Will be interesting to see if Buyers show up near over the next 15mins during the rush hour traffic of 4pm est15:43
<Andy>  Exited 2/3 ES Long @ 1333.75 --> + 0.25
<KN-ES>  Covered 1/2 ER2 Short @ 686.40 --> + 0.5

Covered 1C ER2 Short @ 686.30 --> + 0.6 15:44
<KiwiRoo> Huge bid on the dom.
wow.
<KN-ES> s.l 86.90 000
<KiwiRoo> guess they might all be taken out?
<KN-ES> h2
<NihabaAshi>  Shorts ER2 @ 686.00 -> small size
<KN-ES>  Covered 1C ER2 Short @ 685.90 --> + 1
<NihabaAshi> no mistake here15:45
<KN-ES>  Covered ER2 Short @ 686.10 --> + 0.8

Reverse and Enter Long ER2 @ 686.10
<NihabaAshi> good risk and I'm in the 4pm est rush hour traffic
<KN-ES>  Exited 1/2 ER2 Long @ 686.50 --> + 0.4

Exited ER2 Long @ 686.80 --> + 0.7

Reverse and Enter Short ER2 @ 686.80

sl 30
<KiwiRoo> heavy tapes15:46
<KN-ES>  Covered 1/2 ER2 Short @ 686.30 --> + 0.5 15:47
<NihabaAshi> oh oh15:48
volatility contracting fast
<Spartan> looking for another big drop
<NihabaAshi> That's not normal going into rush hour traffic
Which way will she pop...up or down ???15:49
:)
<KN-ES> lots of sale order..so at this moment down15:50
<NihabaAshi> Eurex spiking down15:51
If Eminis don't follow...
<KiwiRoo> they gonna cover buy ..
<NihabaAshi> They will spike upwards
<Spartan>  exit stop lowered ES @ 1334.25 «« paper »»
<KiwiRoo> wow.15:52
<NihabaAshi> :(

A 1 tick WRB pt just appeared for me :(
<KN-ES>  Covered 1C ER2 Short @ 685.80 --> + 1 15:53
h2
Covered ER2 Short @ 868.80 --> - 182 15:54
Reverse and Enter Long ER2 @ 868.80
<KiwiRoo> LOL.... tape are green all around.
<Spartan>  Covered all ES Short @ 1334.25 --> + 5 «« paper »»
<KN-ES> nop
<NihabaAshi>  Covered ER2 Short @ 687.00 --> - 1
<KiwiRoo> until now.
<KN-ES>  Long ER2 @ 886.80
<NihabaAshi>  Long ER2 @ 687.20 -> small size 15:55
<KN-ES>  Exited 1/2 ER2 Long @ 687.40 --> - 199.4
offf
Exited ER2 Long @ 687.50 --> - 199.3
Reverse and Enter Short ER2 @ 687.50
sl 00
<NihabaAshi> :(15:56

Another 1 tick WRB pt

Geeesh
<KN-ES>  Covered 1/2 ER2 Short @ 687.10 --> + 0.4 15:57
<Spartan>  Shorts ES @ 1334.25 -> small size «« paper »»
<KN-ES> hit and out15:59
<NihabaAshi> If I can catch a WRB pt2...

I'll be happy camper
<KN-ES> take care all, have nice weekend, see you all on monday
<NihabaAshi> That WRB pt1 was only 1 tick and i'm now at a WRB pt2 :)16:00

Geeesh...

Exited 1/2 ER2 Long @ 689.10 --> + 1.9
  
WRB Analysis
  
<ItalianSharp> guess bears dont wanna take shorts into the weekend
this is not a bear market behavior
<NihabaAshi> Holding 1 contract

tightning up my trailing stop16:03
<Brutus> http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={abc67 321-e042-4846-a54d-aa6f6ce47f8b}16:04
<NihabaAshi> Overall today...market action just looked TIRED16:07

Exited Remainder ER2 Long @ 687.50 --> + 0.3
<KiwiRoo> what do u mean looked tired?16:08
I'll say power to the sellerss. :)16:09
<NihabaAshi> Lots of contracting volatility that lasted a long time16:11
<Spartan>  Covered all ES Short @ 1335.25 --> - 1 «« paper »»
<NihabaAshi> That's exhastion

Meant exhaustion
<KiwiRoo> ar ic.
<NihabaAshi> Also...16:12

A lot of traders were calling a Bottom Confirmation around mid March

Although we are still above that bottom...16:13

Today's price action produced a Dark WRB

On the daily chart
<KiwiRoo> what is WRB again plz.?
<NihabaAshi> That means Monday's price action becomes very important to watch

If we get another Dark WRB on either Mon, Tues or Weds...16:14
<KiwiRoo> today.. the Trendline held all day
<NihabaAshi> We'll have a very good chance to retest that price area of mid March price action

That mid March price action was some difficult trading :(16:15
<KiwiRoo> so what is WRB?16:16
<NihabaAshi> Wide Range Body (price action between Open and Close)
<KiwiRoo> oh ok.
<NihabaAshi> http://www.thestrategylab.com/WRBAnalysi s.htm16:17
<KiwiRoo> thanks..
<NihabaAshi> Monday's price action will determine if today's price action is a key change in supply/demand
<startrader> For the supersticious, look at pa on the trading day before the 13th of every month. Classic pre 13th trading day.16:18
<KiwiRoo> today was a needed dump :P

to keep things in perspective16:19
<NihabaAshi> I still have memories of mid March trading and they aren't good memories.16:20
Thus, I would rather see this price action move higher and above 740 instead of lower towards 660
That 660 price action will spook me a little...enough to keep my overall position size small16:21
<KiwiRoo> I think mid march was a reaction bounce from the Jan' lows..
<NihabaAshi> Yeah...it was
<KiwiRoo> still no lower low yet :P16:22

as in on 3/31
<NihabaAshi> Yeah, will be interesting to see if any news events occurs over the weekend to impact futures when they open back up on Sunday night.16:23
I may just take Monday off and sit back to enjoy the price action...16:24
Play the "back seat driver" role :)
<KiwiRoo> sounds like a good plan :P
<NihabaAshi> In case anybody is still following...16:25
I'm nearing my One Year Win Streak.16:26
http://thestrategylab.com/forum/index.ph p?topic=315.0
Today was another profitable trading day.
Take car all and have a good weekend.
* NihabaAshi is now known as NihabaAshi_away
<KiwiRoo> nice... take care niha.. have a good weekend.
<werner> gn all16:53
* DisconnectedSession Close: Fri Apr 11 20:59:58 200820:59
  
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