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#FuturesTrades April 17th Thursday 2008 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+0.00	+142.90	+1335.80
$0	$14,290	$133,580

No Trades Today

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 17 09:39:33 2008Session Ident: #futurestrades

* Now talking in #futurestrades 09:39

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

<NihabaAshi> Good morning all

<Spartan> gm 09:40

<Bambam-77> gm

<T-stop> gm

<NihabaAshi> I'm not trading today due to too much personal stuff.

<Bambam-77> trend is down for now

* NihabaAshi is now known as NihabaAshi_away

<Spartan> Long ER2 @ 708.9 -> small size «« paper »» 09:42

Exited all ER2 Long @ 709.4 --> + 0.5 «« paper »» 09:43

<KN-ES> Long ER2 @ 1363 «« paper »»

s.l 1 09:44

<szubaark> Shorts ES @ 1362 «« paper »» 09:45

Shorts ES @ 1363 «« paper »»

<Spartan> Shorts ER2 @ 709.2 -> small size «« paper »» 09:47

<KN-ES> Exited 1/4 ER2 Long @ 1364 --> + 8.5 «« paper »»

+1

<talickca> gm all 09:50

<KN-ES> Exited ER2 Long @ 1362.50 --> - 0.5 «« paper »»

Reverse and Enter Short ER2 @ 1362.50 «« paper »»

nop

<rickf> hi tal

<KN-ES> Shorts ER2 @ 1363.50 «« paper »»

s.l 1 09:51

<talickca> Hopefully not another creeping trend day.

<Bambam-77> wow er trading at 1363.50

lol 09:52

<KN-ES> yes its 2020 june contract

:)

<Bambam-77> yes

<talickca> lol

<Spartan> exit stop set ER2 @ 708.2 «« paper »»

<KN-ES> Shorts ES @ 1363.50 «« paper »» 09:53

humm

Covered 1/2 ES Short @ 1362.50 --> + 1 «« paper »»

Covered ES Short @ 1362.75 --> + 0.75 «« paper »» 09:54

Reverse and Enter Long ES @ 1362.75 «« paper »»

sz

s.l 1

<Spartan> Covered all ER2 Short @ 707.6 --> + 1.6 «« paper »»

<KN-ES> Exited ES Long @ 1362.5 --> - 0.25 «« paper »» 09:56

Reverse and Enter Short ES @ 1362.5 «« paper »»

<Spartan> Shorts ER2 @ 707.5 -> small size «« paper »»

Covered all ER2 Short @ 707 --> + 0.5 «« paper »» 09:57

<KN-ES> Covered 1/2 ES Short @ 1361.50 --> + 1 «« paper »»

Shorts ES @ 1363.00 «« paper »» 10:00

<Spartan> wow

<rickf> exit 1/2 es 1361 +2 paper

<Spartan> must have been bad news

<rickf> wtf

<szubaark> lol

<KN-ES> Covered ES Short @ 1360.00 --> + 3 «« paper »» 10:01

Reverse and Enter Long ES @ 1360.00 «« paper »»

s.l 1

<talickca> Long ES @ 1360.25

Exited all ES Long @ 1360.75 --> + 0.5

<Spartan> Shorts ER2 @ 706.5 -> small size «« paper »»

<szubaark> Covered all Short ES at 1360.25 --> + 2.75 «« paper »»

<KN-ES> Exited ES Long @ 1360.25 --> + 0.25 «« paper »»

Reverse and Enter Short ES @ 1360.25 «« paper »»

Covered ES Short @ 1360 --> + 0.25 «« paper »» 10:02

Reverse and Enter Long ES @ 1360 «« paper »»

s.l 1

<rickf> exit remainder es 1360.50 +2.5 paper

<KN-ES> Exited ES Long @ 1360 --> 0 «« paper »»

Reverse and Enter Short ES @ 1360 «« paper »»

<Spartan> Covered all ER2 Short @ 705.7 --> + 0.8 «« paper »»

<KN-ES> s.l 1 10:03

brb

<rickf> short es 1360 paper

<KN-ES> Covered ES Short @ 1360.50 --> - 0.5 «« paper »»

Reverse and Enter Long ES @ 1360.50 «« paper »»

s.l 1

Exited ES Long @ 1360.50 --> 0 «« paper »» 10:04

Reverse and Enter Short ES @ 1360.50 «« paper »»

s.l 1

<anglo> aybabtu 10:05

<Spartan> Shorts ER2 @ 705.5 -> small size «« paper »» 10:06

Covered all ER2 Short @ 706.3 --> - 0.8 «« paper »»

<startrader> Shorts ES @ 1361.50 10:07

<Spartan> Shorts ER2 @ 705.4 -> small size «« paper »»

<startrader> Covered 1/2 ES Short @ 1360.25 --> + 1.25 10:08

<Spartan> Covered all ER2 Short @ 706 --> - 0.6 «« paper »»

<startrader> Covered Remainder ES Short @ 1361 --> + 0.5 10:09

<Spartan> Long ER2 @ 706.4 -> small size «« paper »» 10:10

Long ER2 @ 706.4 -> small size «« paper »»

Exited all ER2 Long @ 706.9 --> + 0.5 «« paper »»

<szubaark> Buys ES @ 1363 «« paper »» 10:11

<Spartan> Long ER2 @ 707.5 -> small size «« paper »»

exit stop set ER2 @ 707.5 «« paper »» 10:14

looking for 709.5 10:15

exit stop raised ER2 @ 708 «« paper »»

<rickf> short es 1365.50 paper 10:17

intuition

<Spartan> Exited all ER2 Long @ 708 --> + 0.5 «« paper »» 10:18

Long ER2 @ 708.6 -> small size «« paper »» 10:19

<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 10:20

<Spartan> Exited all ER2 Long @ 707.8 --> - 0.8 «« paper »»

oops I meant 708.8

Long ER2 @ 708.9 -> small size «« paper »» 10:21

Exited all ER2 Long @ 709.4 --> + 0.5 «« paper »» 10:22

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)

<talickca> Shorts ES @ 1367.50 10:23

Covered all ES Short @ 1367.00 --> + 0.5 10:24

<Spartan> Long ER2 @ 708.2 -> small size «« paper »» 10:28

Exited all ER2 Long @ 707.9 --> - 0.3 «« paper »» 10:30

Long ER2 @ 708.2 -> small size «« paper »» 10:31

Exited all ER2 Long @ 707.6 --> - 0.6 «« paper »» 10:32

<rickf> shorted es 1366.50 paper (late)

<Spartan> Long ER2 @ 707.4 -> small size «« paper »» 10:36

Exited all ER2 Long @ 707.8 --> + 0.4 «« paper »»

ym seems to be leading 10:38

<rickf> reverse enter long es 1367.50 paper 10:39

<Spartan> Long ER2 @ 709.6 -> small size «« paper »» 10:41

<rickf> reverse enter short es 1367.50 paper

<talickca> Long ES @ 1367.00 10:43

<rickf> exit 1/2 es 65.75 +2 paper 10:44

exit remainder es 66.50 +1 paper 10:46

back in a bit

<Spartan> Exited all ER2 Long @ 709 --> - 0.6 «« paper »» 10:48

<talickca> Exited all ES Long @ 1365.50 --> - 1.5 10:49

<jperl> done for this morning....trades here...

<talickca> Long ES @ 1365.50

<jperl> http://charts.dacharts.com/2008-04-17/JP ERL5.png

<Spartan> Long ER2 @ 709.2 -> small size «« paper »»

<talickca> Exited all ES Long @ 1366.0 --> + 0.5

<Spartan> Exited all ER2 Long @ 708.7 --> - 0.5 «« paper »» 10:52

Shorts ER2 @ 707.5 -> small size «« paper »» 10:54

<szubaark> exit stop moved to breakeven ES @ 1363 «« paper »» 10:56

<Spartan> Covered all ER2 Short @ 708.1 --> - 0.6 «« paper »» 10:58

<talickca> Shorts ES @ 1365.25

Covered all ES Short @ 1364.75 --> + 0.5 10:59

late

<Spartan> Shorts ER2 @ 707.7 -> small size «« paper »» 11:00

Covered all ER2 Short @ 707.2 --> + 0.5 «« paper »» 11:01

Shorts ER2 @ 706.8 -> small size «« paper »» 11:02

Covered all ER2 Short @ 706.3 --> + 0.5 «« paper »»

<szubaark> Exited all Long ES at 1363 --> 0 «« paper »»

<Spartan> Shorts ER2 @ 706.3 -> small size «« paper »» 11:03

<szubaark> Buys ES @ 1363.75 «« paper »» 11:04

<Spartan> Covered all ER2 Short @ 705.8 --> + 0.5 «« paper »» 11:05

Shorts ER2 @ 706 -> small size «« paper »» 11:07

<Pat255> creepy action 11:08

<szubaark> Opening looked encouraging, until this crap

<startrader> Long ES @ 1362.25 11:09

Exited 1/2 ES Long @ 1363.25 --> + 1 11:11

<Spartan> Covered all ER2 Short @ 706.6 --> - 0.6 «« paper »»

<startrader> Exited Remainder ES Long @ 1363 --> + 0.75 11:12

<szubaark> Exited all Long ES at 1362 --> - 1.75 «« paper »» 11:13

<startrader> Long ES @ 1362.25

<szubaark> Shorts ES @ 1362 «« paper »»

<startrader> Exited all ES Long @ 1363.25 --> + 1 11:14

<Spartan> Shorts ER2 @ 706.7 -> small size «« paper »» 11:16

Covered all ER2 Short @ 707.3 --> - 0.6 «« paper »»

Long ER2 @ 707.5 -> small size «« paper »» 11:17

<startrader> Shorts ES @ 1363.50 -> small size

<Spartan> Exited all ER2 Long @ 706.9 --> - 0.6 «« paper »» 11:20

Shorts ER2 @ 706.8 -> small size «« paper »»

<startrader> Covered all ES Short @ 1362.50 --> + 1 11:21

<pdays> Long ER2 @ 706.5 11:22

Exited all ER2 Long @ 707.1 --> + 0.6 11:23

<Spartan> Covered all ER2 Short @ 706.1 --> + 0.7 «« paper »» 11:25

Shorts ER2 @ 706.2 -> small size «« paper »» 11:26

Covered all ER2 Short @ 705.7 --> + 0.5 «« paper »»

<szubaark> tickling lower and lower 11:27

<Spartan> Shorts ER2 @ 705 -> small size «« paper »»

yeah. I think we will see new lows soon 11:28

Covered all ER2 Short @ 704.6 --> + 0.4 «« paper »» 11:29

Shorts ER2 @ 704.9 «« paper »» 11:30

Covered all ER2 Short @ 705.5 --> - 0.6 «« paper »» 11:33

<talickca> Shorts ES @ 1361.25

<startrader> Shorts ES @ 1361

<talickca> Covered all ES Short @ 1360.75 --> + 0.5 11:34

<Spartan> Shorts ER2 @ 705.1 -> small size «« paper »»

<startrader> wow, a .25 fill, slippage in my favor, 1 in 1000.

Covered all ES Short @ 1360.25 --> + 0.75 11:37

Shorts ES @ 1361.50 11:38

Covered 1/2 ES Short @ 1361 --> + 0.5 11:39

<Spartan> Covered all ER2 Short @ 704.1 --> + 1 «« paper »» 11:40

Shorts ER2 @ 703.9 «« paper »» 11:41

<szubaark> Covered all Short ES at 1360 --> + 2 «« paper »» 11:44

<Spartan> Covered all ER2 Short @ 704.3 --> - 0.4 «« paper »»

Shorts ER2 @ 704.5 -> small size «« paper »» 11:45

<szubaark> Buys ES @ 1360 «« paper »»

<Spartan> Covered all ER2 Short @ 704.5 --> 0 «« paper »» 11:46

Shorts ER2 @ 704.4 -> small size «« paper »» 11:47

<szubaark> Exited all Long ES at 1360 --> 0 «« paper »»

* szubaark is now known as szubaark_away

<Spartan> Covered all ER2 Short @ 705 --> - 0.6 «« paper »» 11:51

Long ER2 @ 705.3 -> small size «« paper »» 11:52

<rickf> geesh, should have left that short on and kept a tight stop. :( 11:55

<Spartan> Exited all ER2 Long @ 704.9 --> - 0.4 «« paper »»

<szubaark_away> its hard staying Short after such big up moves, messes with your head LOL

<rickf> short es 1359.50 paper 11:56

<talickca> true

<Spartan> yep

Shorts ER2 @ 704.3 -> small size «« paper »»

Covered all ER2 Short @ 703.8 --> + 0.5 «« paper »»

Shorts ER2 @ 703.9 -> small size «« paper »» 11:57

Covered all ER2 Short @ 704.5 --> - 0.6 «« paper »» 11:58

Shorts ER2 @ 704.1 -> small size «« paper »» 11:59

Covered all ER2 Short @ 704.7 --> - 0.6 «« paper »»

geez

Long ER2 @ 704.9 -> small size «« paper »» 12:01

Exited all ER2 Long @ 705.4 --> + 0.5 «« paper »» 12:02

<talickca> Shorts ES @ 1360.25

<rickf> reverse es long 1360 -,5o paper

<Spartan> Long ER2 @ 705.5 -> small size «« paper »» 12:03

Exited all ER2 Long @ 706 --> + 0.5 «« paper »» 12:04

<KN-ES> Long ES @ 1360.25 «« paper »» 12:06

<Spartan> Long ER2 @ 706 -> small size «« paper »»

<KN-ES> s.l 58.75 12:07

* codehead_afk is now known as codehead

<talickca> Covered all ES Short @ 1361.25 --> - 1 12:08

<Spartan> Exited all ER2 Long @ 706.5 --> + 0.5 «« paper »»

<KN-ES> Exited 1/2 ES Long @ 1361.25 --> + 1 «« paper »» 12:09

<Spartan> Long ER2 @ 706.4 -> small size «« paper »»

<startrader> Shorts ES @ 1361.75 12:11

<KN-ES> Exited 1/4 ES Long @ 1361.75 --> + 1.5 «« paper »»

s.l 60.25 0.00 12:13

<Spartan> Exited all ER2 Long @ 707.2 --> + 0.8 «« paper »» 12:15

<KN-ES> Exited 2C ES Long @ 1362.25 --> + 2 «« paper »»

<startrader> Shorts ES @ 1362.25 -> Add

Covered 1/2 ES Short @ 1361.25 --> + 1 12:16

Covered Remainder ES Short @ 1361.25 --> + 0.5 12:17

<Spartan> Long ER2 @ 706.4 -> small size «« paper »» 12:18

<rickf> is it just me being out of shape trading or is the es pa hard today, as it's been this whole week? 12:19

or both :( 12:20

<talickca> really hit or miss for me, gets frustrating

<Spartan> Exited all ER2 Long @ 705.8 --> - 0.6 «« paper »»

<talickca> Long ES @ 1360.5 12:21

<Spartan> Long ER2 @ 706.2 -> small size «« paper »» 12:22

<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 12:23

<KN-ES> Shorts ZG @ 944.30 «« testing »» 12:26

Covered 1/2 ZG Short @ 943.80 --> + 0.5 «« testing »»

<talickca> Exited all ES Long @ 1361.0 --> + 0.5 12:27

<startrader> Shorts ES @ 1360.75

<Spartan> Exited all ER2 Long @ 705.6 --> - 0.6 «« paper »» 12:28

<szubaark_away> Shorts ES @ 1360 «« paper »»

<silo> hey guys 12:29

<Spartan> Shorts ER2 @ 705 -> small size «« paper »»

<talickca> hello

<rickf> hey silo

<silo> sep, niha, kn, szu,

<startrader> Covered all ES Short @ 1359.75 --> + 1

<Spartan> Covered all ER2 Short @ 704.5 --> + 0.5 «« paper »» 12:30

<KN-ES> hi silo

<Spartan> Shorts ER2 @ 705 -> small size «« paper »» 12:32

<startrader> Closing the hourly on the daily pivot, can you get any more indecisive...

<Spartan> Covered all ER2 Short @ 705.6 --> - 0.6 «« paper »» 12:33

<KN-ES> Long ZG @ 945 «« testing »» 12:34

<Spartan> Shorts ER2 @ 704.8 -> small size «« paper »» 12:35

<talickca> Long ES @ 1359.0

Exited all ES Long @ 1359.5 --> + 0.5

<startrader> Long ES @ 1359.75 12:36

<Spartan> Covered all ER2 Short @ 705.4 --> - 0.6 «« paper »» 12:37

Long ER2 @ 705.7 -> small size «« paper »» 12:39

<startrader> Exited all ES Long @ 1360.50 --> + 0.75

<Spartan> Exited all ER2 Long @ 706.2 --> + 0.5 «« paper »» 12:42

Long ER2 @ 706.3 -> small size «« paper »»

Exited all ER2 Long @ 705.7 --> - 0.6 «« paper »» 12:47

Long ER2 @ 706.2 -> small size «« paper »» 12:53

Exited all ER2 Long @ 706.9 --> + 0.7 «« paper »» 13:07

Long ER2 @ 707 -> small size «« paper »» 13:08

Exited all ER2 Long @ 707.4 --> + 0.4 «« paper »» 13:10

<rickf> short er2 706 paper 13:19

exit er2 707 -1 paper 13:24

<startrader> Shorts ES @ 1365 13:25

Covered all ES Short @ 1364 --> + 1 13:56

Shorts ES @ 1364 14:04

Shorts ES @ 1364.50 -> Add 14:06

<talickca> good call on the short 14:10

<startrader> Covered 1/2 ES Short @ 1362.50 --> + 2 14:11

or lucky! ty. 14:12

Covered Remainder ES Short @ 1363 --> + 1 14:14

<Spartan> Long ER2 @ 707.4 -> small size «« paper »» 14:26

Exited all ER2 Long @ 706.8 --> - 0.6 «« paper »» 14:27

Shorts ER2 @ 707 -> small size «« paper »» 14:28

<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 14:29

<startrader> Shorts ES @ 1363.50

Shorts ES @ 1364.25 -> Add 14:31

<Spartan> Covered all ER2 Short @ 707.6 --> - 0.6 «« paper »» 14:32

<szubaark_away> Covered all Short ES at 1366.50 --> - 6.5 «« paper »» 14:41

Buys ES @ 1366.25 «« paper »»

<rickf> shorted es 1366 paper 14:47

see if the 3m is any better for me now 14:48

<szubaark_away> bastids holding here 14:50

<talickca> yeah not sure where we going.

<rickf> never thought i'd say i miss last month's market 14:51

<talickca> Completely agree

<szubaark_away> yes, this is tough last few days, losing almost everyday here

<talickca> Same here.

<rickf> i'm hemmorhaging on paper :(

<talickca> I've made about 6 bucks today. 14:52

=(

<szubaark_away> tough to pick good entries for me and getting whacked on Wide Stops

<rickf> exit 1/2 es 1364 paper +2

bout bloody time

<KN-ES> Long ZG @ 1364 «« testing »» 14:54

sz

nop

<rickf> es? :)

<szubaark_away> Exited all Long ES at 1364.50 --> - 1.75 «« paper »»

<KN-ES> Long ES @ 1364

:)

<szubaark_away> had enough for today..

<Spartan> Shorts ER2 @ 706.5 -> small size «« paper »» 14:55

<KN-ES> s.l 1

<rickf> cleaned up my screen this afternoon - nothing but 2 mas and volume 14:56

less noise

<KN-ES> :)

<Spartan> Covered all ER2 Short @ 706 --> + 0.5 «« paper »»

<rickf> my 2 indicators worked well last month, will leave 'em aside for a while and go back to basics

<talickca> Long ES @ 1364.25 14:58

<rickf> exit remainder es 1364.50 + 1,5 paper 14:59

<Spartan> Shorts ER2 @ 706 -> small size «« paper »»

<rickf> :(

WRB Analysis

Learn More

<talickca> Exited all ES Long @ 1363.5 --> - 0.75

I had a feeling that was coming. 15:00

<rickf> short es 1364 paper

<Spartan> Covered all ER2 Short @ 706.5 --> - 0.5 «« paper »» 15:02

Shorts ER2 @ 706.5 «« paper »» 15:05

Covered all ER2 Short @ 707.1 --> - 0.6 «« paper »» 15:06

<talickca> Shorts ES @ 1365.25

Covered all ES Short @ 1366.5 --> - 1.25 15:07

<KN-ES> :) 15:09

<talickca> frustrating.

<rickf> eeeesh 15:10

<KN-ES> looks like will close 70+ area

<Spartan> Long ER2 @ 708.8 -> small size «« paper »» 15:20

<peterpan_trader> Hi to everyone 15:23

<rickf> hi

<peterpan_trader> hi rickf 15:24

<talickca> alright I'm out, this is painful. 15:29

c ya guys.

<rickf> cya

<peterpan_trader> cya

<PeterPanBoy> Hi to all 15:36

<Spartan> Long ER2 @ 709.7 -> small size «« paper »» 15:37

<KN-ES> finally 70+ 15:40

73.50 next

<rickf> KN - how you figure that?

<Spartan> Exited all ER2 Long @ 709.1 --> - 0.6 «« paper »» 15:41

<KN-ES> i have a coin.......head....tail......... :)

<rickf> ahhh like my magic eightball indicator

:) 15:42

<KN-ES> its the resistance .....

<Spartan> Long ER2 @ 709.3 -> small size «« paper »»

<KN-ES> :)

<rickf> yah see it. ok

<KN-ES> if you think that day will close at 75+- then it will be something about magic 15:43

ofcourse if it does 15:44

<rickf> :)

<KN-ES> :)

<rickf> "hope is not a trading tool but magic is"

<KN-ES> you can always count on traders, who will still go for tools and indicators and, loose fund 15:46

<rickf> think we all go through that - myself included

i really need to get much more attuned to pa -- it's the one thing that is telling you the truth bout where things are :) 15:47

<KN-ES> never underestimate the power of stupid ppl when they are so large in number (been there too)

<PeterPanBoy> if I can say my opinion full agreed with you sir 15:49

I think price action rules

<rickf> was talking w/someone the ohter day and said "the only holy grail is price" -- and then it dawned on me how much more i needed to learn about pa. talk about self realization, eh? :) 15:50

<Spartan> Exited all ER2 Long @ 708.7 --> - 0.6 «« paper »»

<PeterPanBoy> rickf- yeah price and volume

<rickf> yup

<PeterPanBoy> are you look at Time & sales? 15:51

<rickf> nope - not on my platform

price and volume definately

<PeterPanBoy> yes

I plan to investigate about T & S deeper 15:52

<rickf> i think t&s is more for equities than futs?

<PeterPanBoy> important at key levels 15:53

<rickf> k

<PeterPanBoy> but in futures too it is helful

<rickf> *nods*

<Spartan> Long ER2 @ 710 -> small size «« paper »»

<PeterPanBoy> clear view on tick or volume bars vs time bars 15:55

<rickf> havent used tick bars, only time

<PeterPanBoy> sometimes tick is clear,but dipends on your style 15:56

remember is not the tool the winner but the trader himself

<rickf> amen 15:57

<PeterPanBoy> yeah btw market is closing on max today

<Spartan> Exited all ER2 Long @ 709.5 --> - 0.5 «« paper »»

<rickf> yup

shorted es 1368 paper 15:58

exit 1/2 es 66.50 +2 paper 16:00

<werner> gn all

<rickf> gn 16:01

<PeterPanBoy> gn

<Brutus> 04/17/2008 16:01 *DJ Google 1Q Net $1.31B Vs Net $1.00B, +30% >GOOG

<rickf> exit remainder es breakeven paper

<PeterPanBoy> hi brutus

<Brutus> 04/17/2008 16:01 *DJ Google 1Q EPS $4.12 Vs EPS $3.18 >GOOG 16:02

<rickf> goog up 36 after hours 16:03

<Brutus> Hi PPB 16:06

<rickf> welp that was a nice scalp and fade on GOOG earnings to end the day 16:07

<KN-ES> close enough to the magic land? 16:08

<rickf> not enough to offset the rest of the day, but some good trading on my part

scalp up, fade down

<Brutus> http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={d0e53 573-eb1f-4e99-b0a9-8295a6d7596f} 16:12

<rickf> k all off for the night -- hopefully tomorrow's better :) 16:13

gn all

<PeterPanBoy> gn rickf 16:14

gn all 16:31

<X> #FuturesTrades Info -> No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended without their permission. More info at www.thestrategylab.com/FuturesTradesChat Room.htm 16:35

* DisconnectedSession Close: Thu Apr 17 16:46:36 2008 16:46

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CBOT mini-sized Dow Futures YM

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