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#FuturesTrades April 22nd Tuesday 2008 Trade Log

 

Russell 2000 Emini ER2 Futures

Today Month Year
+29.50 +175.60 +1368.50
$2,950 $17,560 $136,850

Profitable Trade

0931am - 0958am est

Losing Trade

1424pm - 1444pm 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: Tue Apr 22 09:18:03 2008Session Ident: #futurestrades
[09:18] * Now talking in #futurestrades
<@X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm09:18
 [09:18] * X sets mode: +o NihabaAshi
<ripsboy> gm all...09:27
 [09:27] * NihabaAshi sets mode: +v ripsboy
<werner> gm all
 [09:27] * NihabaAshi sets mode: +v werner
<drt> gm09:29
 [09:29] * NihabaAshi sets mode: +v drt
[09:31] <@NihabaAshi> Shorts ER2 @ 714.10 -> large size
[09:32] <@NihabaAshi> Covered 1/3 ER2 Short @ 712.80 --> + 1.3
<+werner> nice09:32
 [09:33] <@NihabaAshi> Covered 1/3 ER2 Short @ 711.80 --> + 2.3
<pat255> gm all09:37
 [09:37] * NihabaAshi sets mode: +v pat255
<Spartan>  Long ES @ 1383.50 -> small size «« paper »»
 [09:37] * NihabaAshi sets mode: +v Spartan
<+pat255> late ...@office ...

em S this am?09:44
<eminitrader> and out here pat09:45
 [09:45] * NihabaAshi sets mode: +v eminitrader
<+Spartan>  Exited all ES Long @ 1381.50 --> - 2 «« paper »»
<+pat255> k ty
<+eminitrader> looking 86-88 for re-entry
<szubaark> im Looking 81 Long09:46
 [09:46] * NihabaAshi sets mode: +v szubaark
[09:46] <@NihabaAshi> Covered ER2 Short @ 710.80 --> + 3.3
<+eminitrader> be careful with longs SP 1383 now res..
 [09:46] <@NihabaAshi> Holding 2 contracts remainder
<T-stop> v n trade09:47
 [09:47] * NihabaAshi sets mode: +v T-stop
<+pat255> vn N em
<+eminitrader> thx pat...
<anglo> .09:48
 [09:48] * NihabaAshi sets mode: +v anglo
<+pat255> yup L not looking good ..
<+szubaark>  Buys ES @ 1381 «« paper »» 09:49
<+eminitrader> i am long here tight stop
 [09:49] <@NihabaAshi> Covered ER2 Short @ 710.00 --> + 4.1
[09:50] <@NihabaAshi> Holding 1 contract remainder
<+eminitrader> looks like today u will get the gap fill u were talking abt yest..szu09:50

nice hld niha
 [09:50] <@NihabaAshi> Wow...what was that ?
<PapaJon> yeah.. no kiddin09:51
 [09:51] * NihabaAshi sets mode: +v PapaJon
<+PapaJon> boink
<+eminitrader> .78-80 area good for a bounce...09:52
<+werner> Existing Home Sales.....7min09:53
<Bambam-77> pos trgt 74.509:55
 [09:55] * NihabaAshi sets mode: +v Bambam-77
<+Spartan>  Long ES @ 1379.75 -> small size «« paper »»
 [09:55] <@NihabaAshi> 10am est Existing Home Sales, Home Price Index and FED TAF Summary around the corner
<+Bambam-77> lower half of gap that needs to be filled
<+eminitrader> looking ripe for bounce...oversold short term timr frame09:56
 [09:57] <@NihabaAshi> volatility contracting
[09:58] <@NihabaAshi> Covered Remainder ER2 Short @ 706.90 --> + 7.2
<+pat255> wtg09:58
<Pepe> very nice trading Nihaba!!!
 [09:58] * NihabaAshi sets mode: +v Pepe
<lumenPharmer> ES broken trendline that started on 4-15, might see 1370 soon09:59
 [09:59] * NihabaAshi sets mode: +v lumenPharmer
<+eminitrader> maybe a bit lower too...
<+lumenPharmer> see what the volume is like
<+eminitrader> waiting for nice sell area
hopefully this bounce will get us there10:00
<+lumenPharmer> a bounce to short would be nice ;)

lol

got me
<+Spartan>  Exited all ES Long @ 1381.75 --> + 2 «« paper »» 10:01
  
Trading Edge: 

Strategies

If your an independent trader looking for an edge to help you traverse around obstacles to profitable trading...a method that's well defined, gives you a better understanding of the markets, applicable for day trading, position trading, swing trading, market seasonal tendencies, position size management, intermarket analysis with a money back guaranteed policy...click here.
   Trading Strategies ->   Strategies used by NihabaAshi, from entry to exit, exploit inefficiencies in the price action for profits of the following trading instruments via WRB Analysis and Intermarket Analysis: Emini Index Futures (EMD, ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Index Derivatives (DAX, ESTX50), Euronext Index Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Energy Futures (CL, NG, HO, QM), COMEX Metals Futures (GC), Forex Currencies (EurUsd, EurYen, UsdCdn), Exchange Traded Funds (DIA, GLD, OIH, IWM, QQQQ, SPY, XLE) and Hang Seng Index Futures (HSI) 
  
<+eminitrader> out half my long
<+szubaark>  Exited all Long ES at 1383 --> + 2 «« paper »»
<+eminitrader> nice szu
<+szubaark> thanks
<+Pepe> emini what do you expect today?10:03

bullish, bearish?
<+Spartan>  Long ES @ 1382.50 -> small size «« paper »» 10:04
<+eminitrader> gotto go ...by 10 30 all this week...good trading all
<+PapaJon> take care em
<+szubaark> bye10:05
<+eminitrader> oh..down p ...like i said will sell 86-88 area ..expecting test of 1364 on the SP ...before any meaningful bounce
bye papaj szu
but still got some time...10:06
<+Pepe> thanks, have a nice day
<+eminitrader> urw
yes szu...plus my ma's around that area10:08
<+lumenPharmer> sold my SKF, will buy again if ES daily uptrend can break10:10

only way i can short in the IRA10:11

ETF's work but they are sloppy
<+eminitrader> if we see new lows in the next half hr.. with a failure at the highs on a retest ...then expect a trend down day...pattern works quite effectively...if brek of 84.50...expect gap fill wnd 1386-88 area
gap fill is 1388...expect 1388-1390 area...10:12
dont see much upside ..as of now and based on the dailies pa10:13
hld 2 for a high probability gap fill10:14
<+Spartan>  Exited all ES Long @ 1384 --> + 1.5 «« paper »» 10:16

had to get green again10:17
<+szubaark>  Shorts ES @ 1380 «« paper »» 10:26
<+Spartan>  Shorts ES @ 1381 -> small size «« paper »» 10:27

seems like it es want the 70s10:28
<+szubaark> yes, that was a strong reversal at opening high
<+Spartan>  Covered all ES Short @ 1379 --> + 2 «« paper »» 10:30
<+szubaark> this could develop into a trend day
<+Bambam-77> looking for 74.50 still10:31
<+Spartan> I think if we break the 75 area hard, yes it should be a trend day, may bounce there too10:32
 [10:33] <@NihabaAshi> weak support area here for ER2
<+Spartan>  Shorts ES @ 1379.50 -> small size «« paper »» 10:33
see if it rejects the 80s on this move10:34
<+Bambam-77> pos by 11 am if not i will look for a bounce using 81.75 as trail stp
<+Spartan> will go for bigger profit if so
 [10:35] <@NihabaAshi> Long ER2 @ 706.80 -> small size
<+Bambam-77> the retest of the open says they want lower to me10:35
<+Spartan> niha's long making my short nervous10:36
 [10:37] <@NihabaAshi> spartan...I'm Long in a weak support area.
[10:37] <@NihabaAshi> I won't hesitate to dump this if it starts to move fast against me.
<+Spartan> I see10:37
<+Bambam-77> i want a retrc to add to my pos just below stp to reduce risk10:38
 [10:38] <@NihabaAshi> I'm also not looking for a big profit...just some ticks.
<+Spartan> seems like the 80s are over on the es for a little bit10:39
 [10:39] <@NihabaAshi> DAX making me nervous :)
<+szubaark> every chatroom was saying 1400 on ES next :))
<+Spartan> uh oh
 [10:40] <@NihabaAshi> Exited ER2 Long @ 707.20 --> + 0.4
<+Bambam-77> good scalp10:40
<+szubaark>  exit stop moved to breakeven ES @ 1380 «« paper »»
<+Spartan>  Covered all ES Short @ 1379.50 --> 0 «« paper »» 10:41
<+szubaark>  Covered all Short ES at 1380 --> 0 «« paper »»
<+Spartan> :(
<startrader>  Shorts ES @ 1379.75 10:42
 [10:42] * NihabaAshi sets mode: +v startrader
<+Spartan>  Shorts ES @ 1379.75 -> small size «« paper »» 10:43
<+szubaark>  Shorts ES @ 1380.50 «« paper »» 10:44
<+startrader>  Shorts ES @ 1381 -> Add 10:45
<+Spartan>  Covered all ES Short @ 1381.75 --> - 2 «« paper »» 10:52
<+Bambam-77> 82.5 is vpoc fron last 1/2 hr below ss above long10:54
<+Spartan>  Long ES @ 1381.50 -> small size «« paper »»
 [10:59] <@NihabaAshi> volatility has died
<Andy>  Shorts ES @ 1382.5 «« paper »» 10:59
 [10:59] * NihabaAshi sets mode: +v Andy
<@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
<+szubaark> expecting Volatility spike soon, hopefully to downside, Im Short11:00
<rickf> gm all
 [11:00] * NihabaAshi sets mode: +v rickf
<+Andy>  Covered 1/2 ES Short @ 1381.5 --> + 1 «« paper »» 11:01
<+Spartan>  Exited all ES Long @ 1381.50 --> 0 «« paper »»
<Nesi>  Shorts ER2 @ 708.20
 [11:01] * NihabaAshi sets mode: +v Nesi
<+Bambam-77> 1382.50 holding as res so far protect positions
<+szubaark> again, tricky price action11:02
<+Andy>  Covered Remainder ES Short @ 1382.5 --> 0 «« paper »»

Shorts ES @ 1383.5 «« paper »» 11:03
<+Spartan>  Long ES @ 1382.50 -> small size «« paper »»
<+Andy>  Covered 1/2 ES Short @ 1382.5 --> + 1 «« paper »» 11:04

Covered 1/4 ES Short @ 1382.25 --> + 1.25 «« paper »» 11:05
<+Spartan>  Exited all ES Long @ 1380.50 --> - 2 «« paper »» 11:07
<+Andy>  Covered Remainder ES Short @ 1380.75 --> + 2.75 «« paper »» 11:08
<+Spartan>  Shorts ES @ 1380.50 -> small size «« paper »» 11:09
 [11:13] <@NihabaAshi> Long ER2 @ 707.90 -> small size
<+Spartan>  Covered all ES Short @ 1382.50 --> - 2 «« paper »» 11:13
 [11:13] <@NihabaAshi> 1 only and will stay stay at 1 contract only for the remainder of the trading day because I've already reached my profit goal for the day.

[11:16] <@NihabaAshi> Exited ER2 Long @ 708.50 --> + 0.6
<+szubaark> tough zig-zagging action11:17
<+Spartan> yeah, I should have waited for new high or lows, on sidelines until then11:18
<+szubaark> i think its even better to wait til we break 1400 or 1370, which is what smart money is doing
<robert> Anyone know if its possible to adjust the font size in the chat window?11:22
 [11:22] * NihabaAshi sets mode: +v robert
<+Nesi>  Shorts ER2 @ 707.90 -> Add 11:25
<+Spartan>  Shorts ES @ 1380.50 -> small size «« paper »» 11:29
couldn't resist
 [11:34] <@NihabaAshi> robert...there is a way to adjust the FONT size for the chat window but I'm not sure how.

[11:34] <@NihabaAshi> I did it one day by accident :)

[11:34] <@NihabaAshi> Try the "View" menu

[11:34] <@NihabaAshi> There may be a Font menu in there at least that's what I have on the mIRC VISTA version
<+T-stop> click in the upper right of window, and choose font11:35
oops upper left
thats for mirc
<+Spartan>  Covered all ES Short @ 1382.50 --> - 2 «« paper »» 11:46
<+szubaark>  Covered all Short ES at 1382.50 --> - 2 «« paper »»
Buys ES @ 1382.50 «« paper »»
back to down for day :(11:47
hopefully its not a fakeout
<+Spartan>  Shorts ES @ 1381.50 -> small size «« paper »» 11:48
<+szubaark>  Exited all Long ES at 1380.75 --> - 1.75 «« paper »»
Shorts ES @ 1380.75 «« paper »» 11:49
nice fakeout LOL
<+Spartan> for me it is so tough catching moves in the middle of the day

unless we are trending
<+szubaark> will try to Milk this Short, hopefully go plus for day
Spartan, its tough when u got Low Volatility(no followthru) like we do right now11:50
you get too many firkin fakeouts and Stop runs11:51
<+Spartan> everyone just watch prices to measure volatility?
<+szubaark> dont worry, you pick it up with experiece (thousands and thousands of hours screentime)11:52
<+Spartan> seems like I do good at the beginning of the session and then screw it up midday11:53
<+szubaark> Niha is a Pro at it, im just a amateur
that was almost an hour of Volatility contraction before this Spike, thats a LONG time11:55
<+Bambam-77> 74.5 on dec
 [12:02] <@NihabaAshi> Oil over $119
[12:02] <@NihabaAshi> Wow
<+werner> ai12:02
<@NihabaAshi> Looks like Othernet is having problems...we lost a bunch of folks from the room at the same time.12:03
<+rickf> eesh
<+Pepe> test12:04
 [12:04] <@NihabaAshi> .
<+Pepe> I am still here :)
 [12:06] <@NihabaAshi> 702.10 is a support area for ER2

[12:06] <@NihabaAshi> $119 Oil on Earth Day...ironic :)
<+Pepe> 119USD? wow12:07
so, I must sell my big car :(
 [12:08] <@NihabaAshi> Pepe...get a Moped or Scooter and then you can just park the big car :)
<+rickf> better yet - work @ home :)12:08
<+Pepe> yeah Niha :)12:09
 [12:09] * Houston.TX.US.Othernet.org sets mode: +vvvvv Bambam-77 T-stop szubaark Spartan startrader
<Andy> disconnected12:10
 [12:10] * NihabaAshi sets mode: +v Andy
[12:11] <@NihabaAshi> 702.10 is a weak support area for ER2
<+Andy>  Long ES @ 1376.25 «« paper »» 12:11
 [12:13] <@NihabaAshi> Long ER2 @ 702.80 -> small size
<+startrader>  Shorts ES @ 1376.75 12:14
<+Andy>  Exited 1/4 ES Long @ 1377 --> + 0.75 «« paper »» 12:16
Exited 1/4 ES Long @ 1377.25 --> + 1 «« paper »» 12:17
Exited 1/4 ES Long @ 1377.25 --> + 1 «« paper »»
<+startrader>  Shorts ES @ 1377.50 12:18
<+Spartan>  Exited all ES Long @ 1377.50 --> + 1 «« paper »» 12:19
Shorts ES @ 1376.75 -> small size «« paper »» 12:21
<+Andy>  Exited Remainder ES Long @ 1376.25 --> 0 «« paper »» 12:22
 [12:22] <@NihabaAshi> ER2 probing that 702.10 weak support area
[12:23] <@NihabaAshi> I have not support on this Long the about 30 secs after my entry :(
<ItalianSharp> bush due up to speak12:26
 [12:26] * NihabaAshi sets mode: +v ItalianSharp
<+ItalianSharp> :(((
 [12:27] <@NihabaAshi> Exited ER2 Long @ 701.60 --> - 1.2
[12:27] <@NihabaAshi> Reverse and Enter Short ER2 @ 701.60
<+Bambam-77> trgt hit tigtening stp12:28
 [12:28] * Warren.MS.US.Othernet.org sets mode: +ov X X
<+startrader>  Covered 2/3 ES Short @ 1375 --> + 2.5
<+Bambam-77> 74.5
<+Spartan> yep good call
<+Andy>  Long ES @ 1375.25 «« paper »» 12:29
 [12:30] <@NihabaAshi> Now that 702.10 is acting like a magnat...making it tough for ER2 to move further away from it.
<+Spartan>  Covered all ES Short @ 1374.75 --> + 2 «« paper »» 12:30
<+Andy>  Exited all ES Long @ 1374.25 --> - 1 «« paper »»
<+Bambam-77> aft 74 look for 1369 area12:31
 [12:31] <@NihabaAshi> Key Markets in sync...down and that may be enough pressure for ER2 to retest 701.00
<+Spartan>  Shorts ES @ 1374.50 -> small size «« paper »» 12:32
<+Andy>  Long ES @ 1374.5 «« paper »»
<+startrader>  Covered Remainder ES Short @ 1375.25 --> + 2.25 12:33
 [12:33] <@NihabaAshi> Pres. Bush on national TV about NAFTA
<+Andy>  Exited all ES Long @ 1374 --> - 0.5 «« paper »» 12:34
 [12:34] <@NihabaAshi> Covered ER2 Short @ 700.30 --> + 1.3
<+Spartan> you still short szu?
 [12:35] <@NihabaAshi> Bush sounds angry

[12:35] <@NihabaAshi> Something to do with about Congress and Columbia

[12:37] <@NihabaAshi> 699.70 is a weak support area for ER2
<+Andy> free trade agreement12:37
<+szubaark> yes..still holding12:38
<+Spartan> nice one szu12:39
<+startrader> we need to invade, I love Juan Valdez and his coffee.
<+szubaark> see if i get 1370
<+startrader> big gap in the gaps from 1.17, cash close is 66 handle and 4:15 71.75.12:42
<+Spartan>  Covered all ES Short @ 1373 --> + 1.5 «« paper »» 12:45
good call on the trend day szu12:46
<+Bambam-77> just wish o took more on on the re test o well

69 on dec
<+Spartan>  Long ES @ 1372.50 -> small size «« paper »» 12:47
Exited all ES Long @ 1373 --> + 0.5 «« paper »» 12:48
<+szubaark> the opening was real tricky, but thats how usually trend days develop12:49

this 1372 and below is choppy area from previous charts12:51
<+Spartan>  Shorts ES @ 1372.75 -> small size «« paper »» 12:52
<+szubaark> would like to catch one more down spike before we most likely start retracing some of this down move12:53
<+Spartan>  Covered all ES Short @ 1372 --> + 0.75 «« paper »»
<+szubaark>  Covered all Short ES at 1371.50 --> + 9.25 «« paper »» 12:54
<+startrader>  Long ES @ 1371.75
<+Spartan>  Long ES @ 1372.50 -> small size «« paper »» 12:55

dax still looking weak12:56
<+startrader> 70 handle is 38% of 15th lows.12:57
<+szubaark> star, u talking Cash or ES?
<+startrader> es
<codehead> YM has a .382 fib level at 12654 on 120 min chart12:58
 [12:58] * NihabaAshi sets mode: +v codehead
<+startrader> and my favorite number,666 here on ym.
<+codehead> ER always seems to reverse around 66612:59
QM hod
118.925
118.95
<pdays>  Shorts ES @ 1371.5
 [12:59] * NihabaAshi sets mode: +v pdays
<+pdays> wrong13:00
<+codehead> ER trying to hold up, has potential for vegas pattern for bounce if it can get market help
<+pdays>  Covered ES Short @ 1371.5 --> 0

Reverse and Enter Long ES @ 1371.5
<+Spartan> es seems to be pounding out a bottom, dunno though13:01
<@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.htm13:03
<+pdays>  Exited all ES Long @ 1372.5 --> + 1 13:04
<+startrader>  Exited 1/2 ES Long @ 1373.50 --> + 1.75 13:09
<+codehead> YM low was 1 tick under the fib number i mentioned earlier13:13
<+rickf> euro hit 1.60 :(
<+startrader>  Exited Remainder ES Long @ 1374 --> + 2.25 13:15
<+Andy> vn st13:17
<+Spartan>  Exited all ES Long @ 1373.25 --> + 0.75 «« paper »» 13:18
<+startrader>  Shorts ES @ 1374.00 13:21

Shorts ES @ 1374.25
<+Spartan>  Shorts ES @ 1374 -> small size «« paper »» 13:25
<+rickf> short es 1373.75 paper13:32

exit 73.75 be paper13:34
<+startrader>  Shorts ES @ 1375 -> Add 13:36
<+rickf> not sure if it's been asked or not, but is anyone trading the EMD (i think) that's the ER2 replacement on CME? if so, any comments?13:40
<+Spartan> didn't know it was the er2 replacement13:41
Shorts ES @ 1374 -> Add «« paper »» 13:42
<+rickf> as i read it, ER2 moves to ICE, and CME was doing an ER2 'substitute' contract
<+Spartan> I thoughtemd was s&p midcap future13:43
<+rickf> it is -- but i think that's that's the CME's 'replacement' for the er2. i think13:44
<+Spartan> i see13:45
have not traded it yet in the simulator
<+startrader> They need to bring the sp to globex.13:46
<+rickf> me neither - i dont often trade the er2 as it is now....just curious more than anything else
<+startrader> CME group down over 10% today, funny.13:50
<+Spartan> goog still moving13:51
<+rickf> cme was coining money i thought .... havent read the earnings report yet13:53

long es 1375.50 paper
<+startrader> just slower than parabolic expectations.
<+Spartan>  Covered all ES Short @ 1376 --> - 4 «« paper »» 13:54
<+rickf> spartan :(13:55
<+Spartan> yeah

got greedy13:56
<+rickf> exit es 76.50 +1 paper13:57
<+Spartan> weird though, I shorted one contract twice and with a two point stop and it totaled -4 on the screen?
<+rickf> ?13:58
<+Spartan> that is correct, but how did it know I only added 1?
<+rickf> short es 1375.75 paper
<+Spartan>  Shorts ES @ 1375.25 -> small size «« paper »» 14:02
<+rickf> exit 74.25 +1.50 paper14:03
short es 1374 paper14:04
<+startrader> cmon new lows.
<+codehead> QM retest of hod, tapped it exaclty so far14:07
 [14:08] <@NihabaAshi> Long ER2 @ 700.60 -> small size
<+rickf> exit es 75 -1 paper14:09
<+Spartan>  Shorts ES @ 1375.25 -> Add «« paper »» 14:10
<+Bambam-77> pos rtrc trgt er 02.5 vpoc14:11
<+rickf> short es 1374 paper14:13
 [14:16] <@NihabaAshi> Exited ER2 Long @ 699.60 --> - 1
[14:16] <@NihabaAshi> Reverse and Enter Short ER2 @ 699.60
[14:19] <@NihabaAshi> Price noise...not exactly where I want to be at trading right now
<+rickf> yep14:19

exit 1374 be paper14:20

dont like this action either
 [14:21] <@NihabaAshi> Covered ER2 Short @ 699.50 --> + 0.1
[14:24] <@NihabaAshi> Long ER2 @ 700.70 -> small size
<+rickf> long es 1376 paper14:24

reverse es 1375,50 paper14:28
<Brutus-L1> 04/22/2008 14:31 *DJ OIL FUTURES: Nymex Crude Ends At $119.17/Bbl, Up $1.6914:34
 [14:34] * NihabaAshi sets mode: +v Brutus-L1

[14:35] <@NihabaAshi> Pin ball machine price action
<+Spartan>  Covered all ES Short @ 1377.25 --> - 4 «« paper »» 14:35
<+rickf> exit es short 77 -214:36

paper

figures :(14:37
<+Spartan>  Long ES @ 1375 «« paper »» 14:38
<+rickf> short es 1375 paper14:39
 [14:44] <@NihabaAshi> Exited ER2 Long @ 698.70 --> - 2
<+Spartan>  Exited all ES Long @ 1373 --> - 2 «« paper »» 14:44
<+rickf> exit 1/2 es 1373 +2 paper
exit remainder es 1373 +2 paper14:45
 [14:45] <@NihabaAshi> Shorts ER2 @ 698.60 -> small size
<+rickf> short es 1373 paper14:46
 [14:50] <@NihabaAshi> Eurex try to push lower along with Gold
<+Nesi>  Shorts ER2 @ 698.20 -> Add 14:50
 [14:50] <@NihabaAshi> :(
<+rickf> exit es 1373 be paper14:52
shorted es 137214:53
paper
exit 71.25 paper +.75 paper14:55
short es 1371.25 paper14:56
 [14:57] <@NihabaAshi> Covered ER2 Short @ 697.90 --> + 0.7

[14:57] <@NihabaAshi> Hammer lines trying to form
<+szubaark> Major Support area here ES.. expecting a Big Fight15:00
 [15:01] <@NihabaAshi> Long ER2 @ 698.00 -> small size
<+Spartan>  Long ES @ 1372.25 -> small size «« paper »» 15:03
<@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.htm15:06
 [15:06] <@NihabaAshi> geeesh...another one of those crazy volatility spikes
[15:10] <@NihabaAshi> Exited ER2 Long @ 701.10 --> + 3.1
<+rickf> vn niha15:11
<+Pepe> nice Niha
<+Spartan>  Long ES @ 1375 -> Add «« paper »» 15:18
 [15:30] * silo[zZ] is now known as silo
<+Bambam-77> 1380.75 trgt would be nice place to take profits15:30

81.5 is vpoc
<GoodMood> vpoc = ?15:34
 [15:34] * NihabaAshi sets mode: +v GoodMood
<+Bambam-77> virgin point of control15:35
<+Andy>  Long ES @ 1374.5 «« paper »» 15:37
<+GoodMood> whats that ?
<+Bambam-77> why do we retrc to find weak sellers that got short earlier as they see there profits disapear they become buyers create demand15:38

the vpoc is the area that was traded the most
<silo>  Long ER2 @ 701.70 -> large size «« paper »»
 [15:38] * NihabaAshi sets mode: +v silo

[15:39] <@NihabaAshi> weak resistance area here
<+Andy>  Exited 1/2 ES Long @ 1375.5 --> + 1 «« paper »» 15:39
  
WRB Analysis
  
<+Bambam-77> volume wise

market ebs and flows from supply to demand

demand to supply15:40
<+Andy>  Exited Remainder ES Long @ 1374.5 --> 0 «« paper »»
 [15:40] <@NihabaAshi> Shorts ER2 @ 701.60 -> small size
<+silo> weird
 [15:40] <@NihabaAshi> If I'm wrong...I should be able to reverse and catch a 703.00 price area
<+Bambam-77> trend is up for now
 [15:40] * NihabaAshi sets mode: +v KN-ES
<+KN-ES> sl 76.2515:41
<+Bambam-77> er is going to want 78.4 some time15:42
 [15:43] <@NihabaAshi> Covered ER2 Short @ 702.50 --> - 0.9

[15:43] <@NihabaAshi> Reverse and Enter Long ER2 @ 702.50
<+Bambam-77> i am swinging russel with 00.20 stp15:44
i trade 3 lots one off at 1.5 3 and last let it ride with wide stp15:46
<+Spartan>  Exited all ES Long @ 1376 --> + 4.75 «« paper »»
<+rickf> nice
<+Spartan> thanks gotta go
<+Bambam-77> wtg
moving stp to prev swing low as stp now 70115:49
 [15:49] <@NihabaAshi> It's a shame that Gold isn't helping to push this higher.

[15:50] <@NihabaAshi> ER2 would be less pin ball like price action if Gold was helping other key markets
<+silo> yeah15:50
for a second i thought it was about to
but it's being stubborn
<+Bambam-77> when es hits 81.5 i will go flat er or stp
<+silo> :P
 [15:51] <@NihabaAshi> Were now within that price action of the 4pm est rush hour traffic
<+silo>  Exited all ER2 Long @ 702.80 --> + 1.1 «« paper »» 15:54
<+KN-ES> sl 78.2515:56
 [15:57] <@NihabaAshi> Gold now wants to join the action....
<+silo> nice stuff15:58

looks like i got out early

been waiting for gold to catch up
<+Bambam-77> weee16:00
 [16:00] <@NihabaAshi> Exited ER2 Long @ 705.10 --> + 2.6

[16:02] <@NihabaAshi> I gave most of my trades some extra breathing room and it resulted in some good profits thanks to the volatility.

[16:02] <@NihabaAshi> Would have gotten burned on Friday had I used the same tactic.

[16:02] <@NihabaAshi> Take care all and see all tomorrow.

[16:02] * NihabaAshi is now known as NihabaAshi_away
<+werner> dito16:02
<+Brutus-L1> http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={3fc9d b04-087a-4f66-b535-c617061cb7e5}
<+Bambam-77> 81.5 or bust16:04
<+Andy>  Shorts ES @ 1379.5 «« paper »»
<+Bambam-77> will close postion just before close16:05
protecting long
6 min left16:08
81.5 come on
<+Andy>  Covered all ES Short @ 1380.25 --> - 0.75 «« paper »»
<+Bambam-77> tighten stops16:10
er want 70716:11
8/8
81.5 es i exit er16:12
no matter what
3 min left
come on 3 more ticks16:13
flat er @ 706.1016:14
+7.5
<robert> Way to hang in there Bambam16:15
 [16:15] * NihabaAshi_away sets mode: +v robert
<+Bambam-77> trade got triggered on the retest of the btm
<+robert> btm?16:16
<+Bambam-77> vpoc are like magnets to price

bottom
<+robert> point of control..
excellent job
<+Bambam-77> market profile jargen
<+robert> wtg - have a good eve!16:17
<+Bambam-77> also our 50 % retrc lvl

missed vpoc by 2 ticks at close

1 tic mis o well enjoy all16:18

1371.25 swing hi
<robert> ES retraced 38 from overnight high16:19
 [16:19] * NihabaAshi_away sets mode: +v robert
<+robert> some good action today
gotta go - gnight
<+Bambam-77> niha can i post a site i use for daily market profile #'s16:22
 [16:24] <@NihabaAshi_away> Yes as long as it isn't involved as a discussion forum
<+Bambam-77> i can pm to you and you decide16:25
<+silo> thanks bambam, i'll take a look at it when it's posted
<+Bambam-77> i pm'd it to you niha16:26

you can post if you like

vah poc and val value area hi point of control and value area low refresh daily for next day16:27
<+silo> bambam, pm me the link as well plz?16:28
:D
<+Bambam-77> done
<+Brutus-L1> 04/22/2008 16:30 *DJ Yahoo 1Q Rev $1.82B Vs $1.67B, +8.7% >YHOO16:30
04/22/2008 16:30 *DJ Yahoo 1Q EPS 37c Vs EPS 10c >YHOO
<+werner> gn all16:58
<@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.htm17:12
  
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