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

April Trade Log

Trade Strategies

WRB Analysis Tutorials

Music While Trading

Testimonials

Disclaimer

#FuturesTrades April 24th Thursday 2008 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+17.80	+202.80	+1395.70
$1,780	$20,280	$139,570

Profitable Trade

1130am - 1135am est

Losing Trade

1215pm - 1219pm est

click on image to view actual size

Current Performance Record

Key Trades of the Day

Profit/Loss Statement

General Strategy Info: The above profit/loss info represents trades by M.A. Perry (a.k.a. NihabaAshi) only and all trades were posted in realtime as shown in the below chat log.

Although I'm not familiar with the trade methods used by most members of #FuturesTrades, I use a rule based (no subjectivity) methodology that involves WRB Analysis.

There is some subjectivity involved with some of my trades when I'm developing a new strategy (hence the name TheStrategyLab.com) that uses WRB Analysis.

In fact, many of my trades or profit targets will occur within key WRB support/resistance zones because these price areas gives me a better understanding of key changes in supply demand.

Traditional pivot point analysis or traditional s/r levels are inadequate in understanding changes in supply/demand of the Russell 2000 Emini ER2 or any other trading instrument of today's markets in comparison to WRB Analysis.

WRB Analysis is also a key aspect in my use of intermarket analysis (ex. Oil and Gold), market seasonal tendencies, volatility analysis and custom Japanese Candlestick patterns to complete my trading plan that results in consistent profits.

Further, position size management is a key aspect of my trading and I trade any where between 1 to 9 contracts per trade depending upon the volatility, pattern signal, seasonal tendencies or intuition.

All of my trades and commentary for today's market action (posted below) are via the user name NihabaAshi (Japanese Candlestick term) and I exclusively trade the Russell 2000 Emini ER2 futures even though I closely monitor other key markets so that I'll have a better understanding of ER2 price action.

With that said, today's trade posting chat log is below and it contains all my trades that were posted in realtime along with the trades of other members of #FuturesTrades.

Further, if you want the instructions for gaining access to our free #FuturesTrades chat room...click here.

#FuturesTrades purpose, benefits and access info for day traders, swing traders and position traders...click here.

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

Session Start: Thu Apr 24 09:30:33 2008Session Ident: #futurestrades

[09:30] * Now talking in #futurestrades

<@X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm 09:30

[09:30] * X sets mode: +o NihabaAshi

<szubaark> Shorts ES @ 1383 «« paper »» 09:32

[09:32] * NihabaAshi sets mode: +v szubaark

<eminitrader> stop @ b/e now

[09:32] * NihabaAshi sets mode: +v eminitrader

<pat255> em wud appreciate if u cud post the entries ...very helpful ..ty 09:34

[09:34] * NihabaAshi sets mode: +v pat255

<+pat255> when u get the chance ...:)

<+Spartan> Shorts ES @ 1383.75 -> small size «« paper »» 09:35

<+eminitrader> stopped doing that pat

<+pat255> ooops ...lol

<+eminitrader> too many pm... 09:36

<+pat255> igore them all.. 09:37

folks should not do that while trading ..

<+eminitrader> teh wahts the piont in being in a chat room ?:)

[09:37] <@NihabaAshi> Shorts ER2 @ 705.40 -> medium size

<+eminitrader> dont mind chatting in the open forum

<+Spartan> Covered all ES Short @ 1381.75 --> + 2 «« paper »» 09:38

<+eminitrader> true...thats what puts u off...bombarding while in a trade

and i dont want to be rude ..by not responding 09:39

<stoch08> <eminitrader> and i dont want to be rude ..by not responding ->u r a nice person em :) 09:40

[09:40] * NihabaAshi sets mode: +v stoch08

<+eminitrader> lol..thx s

hld 2 now

<+szubaark> Covered all Short ES at 1380 --> + 3 «« paper »»

<+eminitrader> nice szu 09:41

<+Spartan> nice szu

<+szubaark> thanks, u had better entry@1385 :)

[09:41] <@NihabaAshi> Covered 3/4 ER2 Short @ 704.30 --> + 1.1

<+eminitrader> like i said szu..still feel 1383 on the SP is strong res 09:42

<+pat255> may be N cud tell traders not to pm during trading..

<+eminitrader> and am still expecting test of 1364

<+Spartan> Shorts ES @ 1380 -> small size «« paper »»

Covered all ES Short @ 1380 --> 0 «« paper »» 09:43

<+eminitrader> minor support 75-78...bounce area.. 09:44

<+Spartan> Long ES @ 1380.25 -> small size «« paper »»

<PapaJon> anyone have a clue to the cause of the gap between 9:08est and 9:10est?... news?

[09:44] * NihabaAshi sets mode: +v PapaJon

<werner> gm all 09:45

[09:45] * NihabaAshi sets mode: +v werner

<+eminitrader> no news pj...just think too much noise..

[09:45] <@NihabaAshi> Covered Remainder ER2 Short @ 704.90 --> + 0.5

<+stoch08> econ # papa

<+PapaJon> hmmff.. was a 10 tick jump on er2

<+eminitrader> that was at 8:30

<+PapaJon> yup.. 09:46

<+Spartan> Exited all ES Long @ 1380.5 --> + 0.25 «« paper »» 09:47

Shorts ES @ 1379.50 «« paper »» 09:48

<+eminitrader> looks like its getting ready for a bounce

<+Spartan> great glad I shorted

<+eminitrader> wonder how big ??

<anglo> .

[09:48] * NihabaAshi sets mode: +v anglo

<+eminitrader> S ..u never know...i am known to be wrong

<+Spartan> right much more than me 09:49

<+eminitrader> am short too...just that u know :))

<+Spartan> Covered all ES Short @ 1378 --> + 1.5 «« paper »»

<+eminitrader> right at the top of my supp area ..

<Andy> Long ES @ 1377.75 «« paper »» 09:50

[09:50] * NihabaAshi sets mode: +v Andy

[09:50] <@NihabaAshi> Shorts ER2 @ 702.30 -> medium size

<+eminitrader> [09:44] <eminitrader> minor support 75-78...bounce area.

[09:50] <@NihabaAshi> geeesh...that move fast...was thinking about getting short @ 703.00 and then it dropped :(

<+eminitrader> hld 1 09:51

<+PapaJon> er2 testing below yest value area

<+Spartan> Long ES @ 1377.75 -> small size «« paper »»

<+PapaJon> likely hesitation or bounce

[09:52] <@NihabaAshi> Yeah...its alos within one of my s/r zones

<+eminitrader> pa says bounce ...prolly 80-82 area 09:52

<+PapaJon> yep.. they usually coincide

<+eminitrader> lowered stop 1383 09:53

<+Andy> Exited 1/2 ES Long @ 1378.75 --> + 1 «« paper »» 09:54

[09:54] <@NihabaAshi> Covered ER2 Short @ 702.90 --> - 0.6

<+Spartan> Exited all ES Long @ 1379.25 --> + 1.5 «« paper »»

<+szubaark> nice trades Spartan

<+eminitrader> yep

<+Spartan> thanks, its my early session luck

<lumenPharmer> wtg 09:55

[09:55] * NihabaAshi sets mode: +v lumenPharmer

<+Andy> Exited 1/4 ES Long @ 1379.25 --> + 1.5 «« paper »»

<jsbach> nice

[09:55] * NihabaAshi sets mode: +v jsbach

<+jsbach> that was a true scalp

<+PapaJon> heya lumenPharmer.. just curious.. are you into solar energy?

<+Spartan> ty

<+Andy> thanks js 09:56

<+lumenPharmer> light farmer where ever the light may be :)

<+PapaJon> or hydro?

<+lumenPharmer> lol soil

<+PapaJon> gotcha..

<+lumenPharmer> the light can be in people also :) 09:57

<+eminitrader> that was a fast reversal...nice S

<+PapaJon> yes.. is true

[09:58] <@NihabaAshi> weak support area for ER2

<+lumenPharmer> now papa can u send me a pizza, lol 09:59

[09:59] <@NihabaAshi> Long ER2 @ 703.00 -> medium size

<+Andy> Exited Remainder ES Long @ 1380 --> + 2.25 «« paper »»

<+PapaJon> lol.. i been in this room bout 3 years...

how many times u think people have ordered pizza?

<+eminitrader> heheheh

<+lumenPharmer> hehehe 10:00

<+PapaJon> :)

maybe i should change professions

[10:00] <@NihabaAshi> Bronco Ride

<+eminitrader> wow...u guys see that

<+szubaark> yeah crazy

<+pat255> y what the hell was that

[10:00] <@NihabaAshi> Exited ER2 Long @ 702.00 --> - 1

<+stoch08> homesales down

<+eminitrader> screen freezing

[10:01] <@NihabaAshi> Shorts ER2 @ 701.00 -> medium size

<+lumenPharmer> ts down 10:01

<+szubaark> Shorts ES @ 1375 «« paper »»

<+jsbach> glad I didn't get weak

<+werner> not here lp

<+PapaJon> sheesh

[10:01] <@NihabaAshi> Throw your order out there and see if it gets filled :)

<+szubaark> yup

<+Andy> a great trader once told me he always stood aside two minutes into an announcement and three minutes after...

<+lumenPharmer> matrix ok but graphs no so good 10:02

<+szubaark> geez i forgot about the 10am news

<+pat255> good point andy

<pdays> Lumen..same thing on TS here

[10:02] * NihabaAshi sets mode: +v pdays

[10:03] <@NihabaAshi> I've learned not to ignore volatility and to stay aside if I didn't understand it.

[10:04] <@NihabaAshi> We get these crazy spikes sometimes even without news...

<+lumenPharmer> i think we are ok now in ts 10:04

[10:04] <@NihabaAshi> We just gotta learn how to manage them when these volatility spikes occur.

[10:04] <@NihabaAshi> If not...nothing wrong with staying on the sidelines.

<+szubaark> at least we getting followthru on the Volatility so far

[10:04] <@NihabaAshi> I do it often (stay on the sidelines) and miss at least one big move each trading day.

<+pat255> missed S today ..sigh 10:06

[10:06] <@NihabaAshi> volatility declining :(

<+szubaark> there has to be a lot of Stops under the lower Wick of the Dark Hammer Line Yersturday

[10:07] <@NihabaAshi> Hopefully it goes into a creeper move downwards before it decides to do the next volatility spike

[10:07] <@NihabaAshi> tighning up my trailing stop because this thing is going to pop but I don't know which direction

<+szubaark> bouncing off the low of the Dark Hammer Line 10:08

[10:08] <@NihabaAshi> volatility declining a little more

[10:09] <@NihabaAshi> Volatility Spike

<+szubaark> Covered all Short ES at 1372.75 --> + 2.25 «« paper »» 10:09

[10:09] <@NihabaAshi> Covered 3/4 ER2 Short @ 698.40 --> + 2.6

<+szubaark> Volatility spike caused by Stops below the Dark Hammer Line

<+Spartan> nice trades

<+lumenPharmer> looks like we are stuck in that 680-720 on ER, did it all february, now doing it all april ;( 10:10

<+szubaark> Nice Volatility so far, wonder how long it will Last..... 10:11

<+Spartan> Shorts ES @ 1375 «« paper »» 10:12

[10:12] <@NihabaAshi> Covered ER2 Short @ 699.70 --> + 1.3

[10:12] <@NihabaAshi> Reverse and Enter Long ER2 @ 699.70

<+Spartan> Covered all ES Short @ 1375.75 --> - 0.75 «« paper »» 10:13

[10:13] <@NihabaAshi> Exited ER2 Long @ 700.20 --> + 0.5

<+Spartan> Shorts ES @ 1375 «« paper »» 10:14

[10:14] <@NihabaAshi> Exited too soon considering there's a strong support :(

<+Spartan> Covered all ES Short @ 1376.25 --> - 1.25 «« paper »» 10:15

gees

[10:16] <@NihabaAshi> volatility contracting

<+Andy> I know this is cynical thinking, but how surprising is a mild/moderately bad housing report? It seems way overdone to the downside. 10:17

[10:17] <@NihabaAshi> This thing has a chance to spike upwards...with my watching the train go by :(

<+PapaJon> Andy.. the news and econ reports has only a fraction of impact on the shortterm intraday action 10:19

<+szubaark> Shorts ES @ 1376.75 «« paper »»

<+PapaJon> true that certain key numbers will cause volatility spikes.. but he realy moves are more impacted by all the traders (big and small) 10:20

<+Spartan> Shorts ES @ 1376 «« paper »»

<+PapaJon> big traders impacting (manipulating), small traders reacting 10:21

<+Andy> I'm all ears PJ, for any observations you have...thanks 10:22

<+PapaJon> np.. but i am not the expert here..

just been in this room quite some time 10:23

<+szubaark> Covered all Short ES at 1374 --> + 2.75 «« paper »» 10:24

<+Spartan> Covered all ES Short @ 1374.50 --> + 1.5 «« paper »»

annoying

[10:27] <@NihabaAshi> weak support area ER2

<+Andy> Long ES @ 1373.5 «« paper »» 10:27

[10:29] <@NihabaAshi> Long ER2 @ 701.70 -> small size

<+Andy> Exited 1/2 ES Long @ 1375 --> + 1.5 «« paper »» 10:29

<+szubaark> Buys ES @ 1375.25 «« paper »» 10:30

[10:30] <@NihabaAshi> weak resistance area 702.30

[10:31] <@NihabaAshi> I saw it too late :(

<+Andy> Exited Remainder ES Long @ 1373.5 --> 0 «« paper »» 10:31

[10:32] <@NihabaAshi> May get second chance to exit around 702.30

[10:32] <@NihabaAshi> Exited 2/3 ER2 Long @ 702.30 --> + 0.6

<+Andy> Long ES @ 1373.25 «« paper »» 10:33

[10:33] <@NihabaAshi> Exited Remainder ER2 Long @ 701.80 --> + 0.1

[10:34] <@NihabaAshi> I just heard something interesting...

[10:35] <@NihabaAshi> Fund Managers are trading Crude Oil like a currency instead of via fundamental reasons

<+Andy> Exited all ES Long @ 1372.25 --> - 1 «« paper »» 10:35

[10:36] <@NihabaAshi> I have a neighbor (few houses down) that saids his gas expenses each month almost equals his mortgage payment.

[10:36] <@NihabaAshi> Scary

<+stoch08> wow.. 10:37

[10:38] <@NihabaAshi> I also saw a news channel interviewing someone in Atlanta at a gas pump that said the same thing.

[10:38] <@NihabaAshi> Time for these folks to get a Moped or carpool :)

[10:38] <@NihabaAshi> Get a double seater for the spouse :)

<+pat255> y N we are spoiled & especially in US.. 10:38

[10:40] <@NihabaAshi> ER2 creeping higher on contracting volatility

[10:40] <@NihabaAshi> Something is going to pop soon.

<+Andy> ER the strongest index today 10:41

[10:42] <@NihabaAshi> Yeah...lets see if the others try to catch up with ER2

<@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 10:45

[10:45] <@NihabaAshi> 703.00 weak resistance area

[10:45] <@NihabaAshi> Thus, a breakout point

<+Andy> 75 in es

[10:46] <@NihabaAshi> Shorts ER2 @ 703.40 -> small size

[10:46] <@NihabaAshi> correcting

[10:46] <@NihabaAshi> Shorts ER2 @ 702.40 -> small size

[10:47] <@NihabaAshi> Will consider reversing my position into a Long around 703.00

[10:48] <@NihabaAshi> Pin Ball Machine price action :(

<+pdays> Shorts ER2 @ 702.6 10:49

Covered all ER2 Short @ 702.2 --> + 0.4

[10:51] <@NihabaAshi> WRB pt1 reached and it was too fast to exit at :(

<+pat255> N cud u pl request traders not to PM during trading hours ...s folks like em dont get haseld ..ty 10:51

just a thot ..

em is a very good trader on es.. 10:52

[10:52] <@NihabaAshi> You can turn that feature off or other things

<+pat255> k ..

[10:52] <@NihabaAshi> Covered ER2 Short @ 703.00 --> - 0.6

[10:52] <@NihabaAshi> Reverse and Enter Long ER2 @ 703.00

<+szubaark> market finding Support here 10:53

[10:54] <@NihabaAshi> Pin Ball Machine price action again

[10:57] <@NihabaAshi> Exited ER2 Long @ 703.20 --> + 0.2

[10:58] <@NihabaAshi> Too many key markets trying to contract in their volatility

<+pat255> futs catching up with er now 10:59

[10:59] <@NihabaAshi> Long ER2 @ 703.20 -> small size

[11:00] <@NihabaAshi> something is going to pop (volatility spike) here soon

[11:01] <@NihabaAshi> Hopefully upwards and not down

[11:06] <@NihabaAshi> Exited ER2 Long @ 703.60 --> + 0.4

<+szubaark> just creeping upwards 11:06

[11:06] <@NihabaAshi> :(

<+szubaark> hopefully i can get small Volatility spike around Resistance area to exit my Long

Exited all Long ES at 1377 --> + 1.75 «« paper »» 11:08

<+Andy> Shorts ES @ 1378.5 «« paper »» 11:17

Long ES @ 1379 -> Add «« paper »» 11:20

error 11:21

with the add ->

Shorts ES @ 1378.75 -> large size «« paper »» 11:22

Covered 1/2 ES Short @ 1377.75 --> + 1.25 «« paper »»

that should be 1, not 1.25 11:23

Covered Remainder ES Short @ 1379.25 --> - 0.5 «« paper »» 11:25

[11:30] <@NihabaAshi> Long ER2 @ 707.20 -> small size

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)

<+PapaJon> interesting day 11:34

[11:35] <@NihabaAshi> Exited ER2 Long @ 710.40 --> + 3.2

[11:35] <@NihabaAshi> Geeesh

<+PapaJon> nice niha 11:35

[11:35] <@NihabaAshi> Just think...I almost exited at a +0.40 profit

<+PapaJon> i been away for a bit... missed all this 11:36

[11:36] <@NihabaAshi> It was at a WRB pt1 @ +0.40 profit

[11:36] <@NihabaAshi> Decided to get greedy and let it ride a little with a tight stop

<+szubaark> Back to the upper line of the channel... 11:37

[11:38] <@NihabaAshi> Since 1010am est my trades (6 of them) have had 5 on the Long side.

[11:39] <@NihabaAshi> That tells me I wasn't fighting that creeper uptrend until it found its legs around 1118am est

<+szubaark> Nice Trades Niha. 11:45

[11:46] <@NihabaAshi> Just missed getting an entry in the last shallow pullback at 711.00 :(

[11:49] * codehead_afk is now known as codehead

<+PapaJon> er2 just filled its hidden gap from 4/21 11:50

at 714

[11:50] <@NihabaAshi> Geesh

<Brutus-L1> EUR/USD Euro 1.5666-69 -1.36% 11:58

[11:58] * NihabaAshi sets mode: +v Brutus-L1

<+Andy> the dollar rally kills the commodity rally feeds the equity rally 11:59

[12:00] <@NihabaAshi> On the daily chart this price movement doesn't look too impressive

[12:01] <@NihabaAshi> Shorts ER2 @ 713.00 -> small size

[12:03] <@NihabaAshi> Covered ER2 Short @ 713.70 --> - 0.7

[12:03] <@NihabaAshi> Reverse and Enter Long ER2 @ 713.70

<+szubaark> looks like still some steam left to upside 12:04

<Guest> Exited all ER2 Long @ 714.5 --> + 15.1 «« paper »» 12:06

[12:06] * NihabaAshi sets mode: +v Guest

[12:08] <@NihabaAshi> Exited ER2 Long @ 715.10 --> + 1.4

[12:09] <@NihabaAshi> Daily charts looking a little better now with that recent up movement to intraday highs

[12:09] <@NihabaAshi> weak resistance area ER2

<Pepe> :( I am short 12:09

[12:09] * NihabaAshi sets mode: +v Pepe

<K1w1R00> Shorts ES @ 90.75 12:10

[12:10] * NihabaAshi sets mode: +v K1w1R00

<ItalianSharp> amazing rally

[12:10] * NihabaAshi sets mode: +v ItalianSharp

<+ItalianSharp> feels like 1998 again :)

[12:10] <@NihabaAshi> I've had 2 shorts in this rally...

[12:11] <@NihabaAshi> Glad I kepted the losses small on them

<+ItalianSharp> yeah, today is not the right day to get stubborn on shorts 12:11

[12:11] <@NihabaAshi> Shorts ER2 @ 715.10 -> small size

<+K1w1R00> LOL. 12:13

crazy

[12:13] <@NihabaAshi> Pin Ball Machine price action

<+Guest> Long ER2 @ 714.7 «« paper »» 12:14

[12:14] <@NihabaAshi> Intraday highs for the DAX

[12:15] <@NihabaAshi> Covered ER2 Short @ 715.70 --> - 0.6

[12:15] <@NihabaAshi> Reverse and Enter Long ER2 @ 715.70

<+K1w1R00> Covered all ES Short @ 92.50 --> - 1.75 12:16

[12:16] <@NihabaAshi> Oil lost it's steam the last 8 mins

<+K1w1R00> what all this rally about...

<+Andy> Shorts ES @ 1392.5 «« paper »» 12:17

<+Guest> Exited all ER2 Long @ 715 --> + 0.3 «« paper »» 12:18

[12:18] <@NihabaAshi> Key markets no longer providing support to keep this rally

[12:19] <@NihabaAshi> Exited ER2 Long @ 714.70 --> - 1

[12:19] <@NihabaAshi> Reverse and Enter Short ER2 @ 714.70

[12:20] <@NihabaAshi> tight range contracting volatility

<+K1w1R00> jeee+.. paper keep buying.. 12:20

-__-'

[12:20] <@NihabaAshi> They've been happening once per day

[12:21] <@NihabaAshi> We are currently in one right now with a 1.6 range

<+KiwiRoo> OH.... didn't realize I arleady log on since yesterday.... 12:22

[12:23] <@NihabaAshi> Gold and Oil declining while Eminis fighting hard not to follow

<+KiwiRoo> thought this market is still in pretty bad condition........hmm hmm. 12:23

<+Andy> Covered 1/3 ES Short @ 1390.75 --> + 1.75 «« paper »» 12:29

<+szubaark> [12:11] <NihabaAshi> Glad I kepted the losses small on them

Nice work on those Shorts, getting out quickly. 12:30

[12:33] <@NihabaAshi> This short is just eating up time and no profit

[12:33] <@NihabaAshi> I'm going to lunch here soon instead of watching the paint dry

<tim_a1> it's been weird watching the stock market and gas prices soaring 12:33

[12:33] * NihabaAshi sets mode: +v tim_a1

<+tim_a1> just goes to show it doesnt always make sense

<+KiwiRoo> advance/dec from -1000 to +600.. 12:34

-__-'

<+Andy> Covered 1/3 ES Short @ 1391.25 --> + 1.25 «« paper »» 12:35

Covered Remainder ES Short @ 1392.25 --> + 0.25 «« paper »» 12:39

[12:40] <@NihabaAshi> Covered ER2 Short @ 715.60 --> - 0.9

[12:41] <@NihabaAshi> Long ER2 @ 716.30 -> medium size

[12:41] <@NihabaAshi> Thank you Oil and Gold with the big warning to get Long

[12:45] <@NihabaAshi> Volatility spike losing its steam

[12:45] <@NihabaAshi> Exited ER2 Long @ 716.70 --> + 0.4

[12:46] <@NihabaAshi> At least the key markets are in snych to give pleanty of warnings now

<+Guest> Shorts ER2 @ 716.6 «« paper »» 12:46

[12:48] <@NihabaAshi> Prior weak resistance of 715.60 is now weak support

<@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 12:51

<+Guest> Covered all ER2 Short @ 714.9 --> + 1.7 «« paper »» 12:53

[12:53] <@NihabaAshi> Shorts ER2 @ 714.80 -> small size

[12:55] <@NihabaAshi> I haven't been too profitable today when taking trades within contracting volatility nor when volatility contracted soon after my entry.

[12:56] <@NihabaAshi> Volatility Spike entries has me near my profit goal for the day

[12:56] <@NihabaAshi> volatility contracting :(

[12:57] <@NihabaAshi> Other key markets also contracting

[12:57] <@NihabaAshi> Price is going to spike soon

<+lumenPharmer> ok off to bitty basketball, no money for me today, going to make the little buggers run laps to make me happy j/k ;P hehehe 12:58

good luck all, take care 12:59

[12:59] <@NihabaAshi> :)

<+lumenPharmer> heheee :)

[12:59] <@NihabaAshi> Covered ER2 Short @ 715.60 --> - 0.8

<+Guest> Long ER2 @ 715.7 «« paper »» 13:00

[13:02] <@NihabaAshi> Shorts ER2 @ 715.50 -> medium size

[13:04] <@NihabaAshi> oh oh

[13:04] <@NihabaAshi> Covered ER2 Short @ 716.00 --> - 0.5

[13:05] <@NihabaAshi> Pin Ball Machine

<+Guest> looking to retest 718 13:06

[13:07] <@NihabaAshi> Long ER2 @ 716.40 -> medium size

<+Andy> Shorts ES @ 1395.5 «« paper »» 13:08

<+Guest> Exited all ER2 Long @ 717.1 --> + 1.4 «« paper »» 13:09

<+Andy> Covered 1/2 ES Short @ 1394.5 --> + 1 «« paper »»

[13:09] <@NihabaAshi> Exited ER2 Long @ 716.50 --> + 0.1

[13:10] <@NihabaAshi> Didn't think it would retrace and pick off that trailing stop :(

[13:10] <@NihabaAshi> Was looking for an exit above 718.00

<+Guest> Shorts ER2 @ 716.5 «« paper »» 13:11

[13:12] <@NihabaAshi> Shorts ER2 @ 716.40 -> small size

<+Andy> Covered 1/4 ES Short @ 1393.75 --> + 1.75 «« paper »» 13:13

<+Guest> Shorts ER2 @ 716.8 -> Add «« paper »» 13:14

[13:17] <@NihabaAshi> Back to that 715.60 key price area

<+Guest> 714 target 13:19

[13:19] <@NihabaAshi> Covered ER2 Short @ 715.20 --> + 1.2

[13:20] * NihabaAshi is now known as Nihaba_latelunch

<+Andy> Covered Remainder ES Short @ 1392.25 --> + 3.25 «« paper »» 13:21

<+Guest> Covered all ER2 Short @ 714 --> + 5.3 «« paper »» 13:25

<+Andy> vn guest 13:27

<+Guest> thanks andy-you too 13:29

<+Andy> :)

[13:36] * X changes topic to ' #FuturesTrades -> Realtime trade posting ER2, ES, NQ, YM, Eurex, T-Notes, EuroFX, ETFs @ http://www.thestrategylab.com/FuturesTra desChatRoom.htm'

<+werner> ts offline here 13:55

ts ok now 13:59

[14:07] * Nihaba_latelunch is now known as NihabaAshi

[14:17] <@NihabaAshi> Long ER2 @ 720.00 -> small size

[14:21] <@NihabaAshi> Exited ER2 Long @ 720.30 --> + 0.3

[14:22] <@NihabaAshi> 721.50 is within a weak resistance area ER2

[14:25] <@NihabaAshi> weak resistance area DAX

[14:28] <@NihabaAshi> Shorts ER2 @ 719.90 -> small size

[14:28] <@NihabaAshi> I have support down around 718.50

[14:30] <@NihabaAshi> 719.60 will tell me its possible to to reach that 718.50 on a volatility spike downwards.

[14:30] <@NihabaAshi> Nevermind...its' trying now

[14:33] <@NihabaAshi> weak support developing above my short entry :(

[14:34] <@NihabaAshi> I'm also 8 ticks away from my profit goal for the trading day.

[14:34] <@NihabaAshi> I got close once before prior to consecutive losing trades.

[14:35] <@NihabaAshi> oh oh

[14:37] <@NihabaAshi> Pin Ball Machine price action just showed up

[14:40] <@NihabaAshi> Losing my patience

<+szubaark> wonder if they buck 1400 ES today 14:41

[14:45] <@NihabaAshi> Covered ER2 Short @ 720.20 --> - 0.3

<+szubaark> Volatility contracting, expecting spike soon 14:45

[14:47] <@NihabaAshi> Shorts ER2 @ 721.10 -> small size

[14:48] <@NihabaAshi> [14:22] <@NihabaAshi> 721.50 is within a weak resistance area ER2

[14:49] <@NihabaAshi> I didn't get a fill for a Short when it tagged that 721.50 on that volatility spike :(

[14:51] <@NihabaAshi> Covered 2/3 ER2 Short @ 719.60 --> + 1.5

[14:52] <@NihabaAshi> sneaky price spike...sucker spike

[14:53] <@NihabaAshi> I got my profit goal for the day

[14:53] <@NihabaAshi> Will let it ride (greed not fear) on this remaining contract to see if I can get more.

[14:53] <@NihabaAshi> tightning up my trail (fear)

<T-stop> nice wk 14:54

[14:54] * NihabaAshi sets mode: +v T-stop

[14:54] <@NihabaAshi> exit stop lowered ER2 @ 721.00

[14:54] <@NihabaAshi> [14:30] <@NihabaAshi> 719.60 will tell me its possible to to reach that 718.50 on a volatility spike downwards.

<@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 14:57

[15:02] <@NihabaAshi> My greed and fear comments are due to the fact the some traders in error believe that traders that scale out do so because of fear.

[15:02] <@NihabaAshi> In contrast, its due to GREED via trying to catch more profits after the primary target has been reached.

<+Guest> Long ER2 @ 719.2 «« paper »» 15:02

[15:03] <@NihabaAshi> However, I let my stops manage my FEAR :)

[15:05] <@NihabaAshi> By the way, I believe this strong rally has the markings of Short Covering

[15:06] <@NihabaAshi> Covering those swing positions from the prior trading days

[15:06] <@NihabaAshi> Off topic...snow is melting here :)

<+werner> lol 15:07

[15:07] <@NihabaAshi> Still got about 1 feet of snow left on the ground

[15:07] <@NihabaAshi> stop hit :(

<+werner> geez

<+T-stop> where are you located?

[15:08] <@NihabaAshi> Covered Remainder ER2 Short @ 720.00 --> + 1.1

[15:09] <@NihabaAshi> T-stop...

<+Guest> Exited all ER2 Long @ 720.4 --> + 1.2 «« paper »» 15:09

[15:09] <@NihabaAshi> http://maps.google.ca/maps?hl=en&q=Quebe c,+QC,+Canada&um=1&ie=UTF-8&sa=X&oi=geoc ode_result&resnum=1&ct=image

<+T-stop> hehe tks

[15:09] <@NihabaAshi> :)

[15:10] <@NihabaAshi> I have two homes here...house and a condo

<+T-stop> 75 and sunny, lala land, LA 15:10

[15:10] <@NihabaAshi> Condo at the ski resort

<+T-stop> great

<+werner> condo = appartment? 15:11

<+Guest> Shorts ER2 @ 720 «« paper »»

[15:11] <@NihabaAshi> It's sunny here too...been that way for about 2 weeks.

[15:11] <@NihabaAshi> Just takes a long time for 15 - 18 feet of snow to melt depending upon where you live near Quebec

[15:12] <@NihabaAshi> werner...condo is a 5 plex...its the 2nd unit from the end unit.

[15:12] <@NihabaAshi> End units have one extra bedroom (3 bedrooms) while mine has only 2 bedrooms

<+werner> ok :) 15:13

[15:13] <@NihabaAshi> 5min walking distance from the ski slopes

<+werner> nice

[15:14] <@NihabaAshi> It's nice now in comparison to 1998 when I purchased it while I still lived in the U.S.

[15:14] <@NihabaAshi> A lot of nice homes 400k - 1million value have been built all around the condos

<+werner> wow 15:15

[15:15] <@NihabaAshi> We get about 5 letters every year asking us if we are interested in selling.

<+werner> lol

[15:15] <@NihabaAshi> condo value has triple

<+werner> good ivestment 15:16

realestate

investment...pff 15:17

[15:17] <@NihabaAshi> I know Baron (ET owner)...he and I once talked about him buying property up at another area near MONTRÉAL

<+Guest> Covered all ER2 Short @ 717.9 --> + 2.1 «« paper »» 15:18

[15:18] <@NihabaAshi> Him and his girlfriend or wife (can't remember).

[15:18] <@NihabaAshi> There was a hugh currency differnce back then.

[15:18] <@NihabaAshi> Like 60 cents on the U.S. dollar

[15:18] <@NihabaAshi> Thus, every dollar spend here was worth 1.60

[15:19] <@NihabaAshi> Baron decided later not to purchase

[15:19] <@NihabaAshi> I know he regrets big time

WRB Analysis

Learn More

<+werner> :( 15:19

[15:19] <@NihabaAshi> Dollar not worth much up here any more :(

<+werner> i am done here ...sorry that i can't post any trades i only scalp er2 .2-.3 points :( 15:22

[15:23] <@NihabaAshi> Looks like that second tighning of my trailing stop from 721.00 to 720.00 was a bad decision :(

[15:23] <@NihabaAshi> ER2 has now dropped down to my GREED profit without me on board.

<+werner> i have 98 trades 66 winners 32 losers 15:24

[15:24] <@NihabaAshi> Wow...that's true scalping

<+werner> net profit 844.80$

[15:24] <@NihabaAshi> All the real scalpers I know do at least 50 trades per day

<+werner> :)

[15:24] <@NihabaAshi> I know one guy that does about 250 trades per day...

[15:24] <@NihabaAshi> Crazy

<+werner> lol 15:25

[15:25] <@NihabaAshi> My eyes would burst at trade 30

<+werner> good wk niha ,all i have a day off tomorrow 15:26

[15:27] <@NihabaAshi> Take care werner and all.

[15:27] <@NihabaAshi> I'm done for the day.

[15:28] <@NihabaAshi> Going to go outside and shovel some snow out if the grass onto the sidewalk so it can melt faster...

[15:28] <@NihabaAshi> I'm tired of looking at it :)

<+ItalianSharp> i cant believe you still have snow while people are going to the beach here :) 15:36

long winter

<tim_a1> . 15:46

[15:46] * NihabaAshi sets mode: +v tim_a1

<GoodMood> CDN will be a winner of the coming global warming ... 15:54

[15:54] * NihabaAshi sets mode: +v GoodMood

<+tim_a1> quite a reversal today 16:00

<+Brutus-L1> 04/24/2008 16:10 *DJ Microsoft 3Q EPS 47c Vs EPS 50c >MSFT 16:10

04/24/2008 16:10 *DJ Microsoft 3Q Rev $14.45B Vs $14.40B, +0.4% >MSFT

04/24/2008 16:10 *DJ Microsoft Sees 4Q Rev $15.5B-$15.8B >MSFT 16:12

<@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 17:00

Sponsor:
Skype

Google:

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


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

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

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

CME Emini Futures EMD, ER2, ES and NQ

CBOT mini-sized Dow Futures YM

Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50

Eurex Fixed Income Derivatives BUND, BOBL and Schatz

Euronext Futures FTSE-100 and CAC-40

CME Futures EuroFX EC

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

Forex Currencies EurUsd, EurYen and UsdCdn

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

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

COMEX Metals Gold GC and ZG

Hang Seng Index Futures HSI

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

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