#FuturesTrades May 22nd Thursday 2008 Trade Log

General Strategy Info: The above profit/loss info represents trades by M.A. Perry (a.k.a. NihabaAshi - martial arts and Japanese Candlestick term) only and all trades were posted in real-time within 5 seconds after entry or exit as shown in the below chat log.

Also, I'm the moderator of #FuturesTrades and I use the below chat log as feedback to critical trading information that's not available when I review my broker statements nor any statistical analysis of my trading.  

Further, although I'm not familiar with the trade methods used by most members of #FuturesTrades, I use a rule based methodology (very objective) that involves price action only trading (no indicators). 

  There is some subjectivity involved with some of my trades when I'm developing a new entry signal or new trade management (hence the name TheStrategyLab.com).

In addition, my intermarket analysis allows me to switch and profitably trade any other trading instrument whenever I want if/when I don't want to trade the Russell 2000 ER2 Emini Futures.

With that said, today's trade posting chat log is below and it contains all my trades that were posted in real-time 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.
WRB Analysis	Learn More
	Session Start: Thu May 22 08:21:40 2008Session Ident: #futurestrades
* Now	talking in #futurestrades	08:21
<@X>	[NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<rickf>	gm niha
	up early?
<KN-ES>	Covered 2 C ES Short @ 1390.50 --> + 4	08:22
<@NihabaAshi>	Yeah...have a lot of emails to respond to that's about 1 week old.
<+KN-ES>	another 5 steps.........	08:23
<pat255>	gm all
<+rickf>	gm
<+pat255>	vn kn
<+KN-ES>	brb ... nxt tp 89.50
	thansk pat255
	thanks :)
<Widgetman>	what do you base entrys on KN if ya don't mind me asking ?	08:25
<+Widgetman>	you look at volume ?
	my system based on MM as primary
	then use ema's as cycle track
<+pat255>	MM?	08:26
<+Widgetman>	Murry Math script
<+pat255>	kty
<+Widgetman>	I tweaked one I got years ago for TS8	08:27
	I run it in Multicharts
	nothing 100%
	but it gets me in da zones
<futurible>	gm all	08:28
<+Widgetman>	I still tryin t learn to trade and not much help, but if anyone needs help with easy language scripts or twslink dll interface to IB let me know	08:31
	that I can help with :)
<+futurible>	thanks Widgetman
<+Widgetman>	np	08:32
* Flex_away	is now known as Flex	09:03
<Flex>	gm
<gary>	gm	09:04
<Splurge>	hello people	09:14
<+Flex>	hi
<+Splurge>	I would say good afternoon but I guess some of you lazy buggers have just got up :)	09:15
<+Flex>	<--
	but I made some interesting research late in the night	09:17
<+Widgetman>	what ya researching ?	09:18
<+Flex>	I've found the perfect board for KN's new pc: 132 GB ram, dual Quad-Core new Xeon Harpertown cpu and SAS+SATA controller lol	09:19
<+Widgetman>	woah
	pricy I bet
<+Flex>	not so much
	459 euro at my shop but you can find in US cheaper	09:21
	problem is, I can't find DDR2 ram 8 GB modules to fill in all the 132GB capacity	09:22
<@NihabaAshi>	Here's a good summary about the RICE crisis in the world...	09:25
	http://www.csmonitor.com/2008/0422/p01s0 3-woap.html
	For those few traders that watch commodities like rice.	09:26
<+pat255>	thks N ...do u tarde commoities like rice?
<tzar>	gm all	09:27
<+rickf>	gm
<@NihabaAshi>	No and I only know one person that does
<+rickf>	pat - i did rice twice early in the month
	first commodoty trade	09:28
<werner>	gm all
<+pat255>	k thks rick ..
<+rickf>	gm werner
<+pat255>	what symbol on IB?
<@NihabaAshi>	However, he's not a trader in the U.S. markets
<+rickf>	pat - dunno, don't use ib
<+pat255>	thks N
	k np
<+werner>	hi rickf
<drt>	gm all	09:30
<+Flex>	hi
<+tzar>	gm ItalianSharp	09:31
<@NihabaAshi>	Long ER2 @ 729.80 -> small size	09:32
	Wow...it moved fast
<+Splurge>	A couple of friends of mine trade wheat regularly but thats about it	09:33
<@NihabaAshi>	still moving
<+Flex>	heya Italiansharp
<+Splurge>	someone get wind you was going long?
<@NihabaAshi>	Just think...I even missed the Long @ 729.10 entry	09:34
<+Spartan>	Long ES @ 1393 -> small size «« paper »»
<@NihabaAshi>	Glad this has now moved high enough to give me some good wiggle room to decide if I should turn it into an "intraday position trade".	09:35
<+rickf>	long es 1393.25 paper
<+tzar>	KN-ES taking the day off today?
<@NihabaAshi>	Exited 2/3 ER2 Long @ 732.10 --> + 2.3
	Converting the remainder into a "position trade".	09:36
	Thus, will be looking for opportunities (trade signals) to ADD to the position.
	exit stop raised ER2 @ 730.00	09:37
<+rickf>	exit 1/2 es 1494.75 +1,50 paper	09:38
<+Spartan>	Exited Remainder ES Long @ 1393 --> 0 «« paper »»	09:39
<+rickf>	exit remainder es 1493.50 +.50 paper
	:(
<+Spartan>	:(
<szubaark>	Buys ES @ 1393 «« paper »»	09:40
<+rickf>	long es 1394.25 paper	09:42
<+szubaark>	exit stop moved to breakeven ES @ 1393 «« paper »»	09:44
	Exited all Long ES at 1393 --> 0 «« paper »»
<+rickf>	ok stupid entry -- thought that would've gotten me out of the chop :(
<+szubaark>	Shorts ES @ 1393 «« paper »»	09:45
<@NihabaAshi>	Exited Remainder ER2 Long @ 730.30 --> + 0.5
<anglo>	gm
<@NihabaAshi>	Looks like it wasn't meant to be :(
<+rickf>	exit 1392 -1.5 paper
<+tzar>	:(	09:46
	NihabaAshi you still made money
<PapaJon>	ah.. made it .. server's back together
<+szubaark>	Why is everyone getting G-lined?	09:50
<Bambam-77>	nope
<+tzar>	wow thats a lot of glines
<+Bambam-77>	protect ss you have or do not have using 732 as long trigger	09:51
<+PapaJon>	[06:50] <szubaark> Why is everyone getting G-lined? G-lined?	09:53
	wazzat?
<+szubaark>	its getting kicked out of Mirc	09:54
<@NihabaAshi>	Long ER2 @ 730.80 -> medium size
<+szubaark>	exit stop moved to breakeven ES @ 1393 «« paper »»	09:55
	Covered all Short ES at 1393 --> 0 «« paper »»
<+PapaJon>	ah... i have those notifications turned off
<+szubaark>	Buys ES @ 1393.50 «« paper »»	09:58
<+rickf>	geesh this is horrible tape today
	like they're fishing for stops or something
<@NihabaAshi>	Exited 3/4 ER2 Long @ 732.60 --> + 1.8	10:02
	Holding 1 conatract...converting it into another try at a position trade	10:03
<+szubaark>	Volatility spike
<startrader>	Shorts NQ @ 1971.50	10:04
<tzar2>	what is a normal stop loss for ER2?	10:05
<+szubaark>	Exited all Long ES at 1396.50 --> + 3 «« paper »»
<+startrader>	Covered 1/2 NQ Short @ 1968.25 --> + 3.25	10:06
<+Widgetman>	wtg start	10:07
<+startrader>	Covered Remainder NQ Short @ 1968.50 --> + 3
	ty, after watching nq last several weeks have found it is much more tradeable than es as of late.	10:08
<+Widgetman>	cool	10:09
	never looked at NQ
<+tzar2>	gm KN-ES	10:10
<@NihabaAshi>	[10:05] <tzar2> what is a normal stop loss for ER2?	10:11
<+Widgetman>	nice
<@NihabaAshi>	Someone once told me to first determine what your average profit is on a winning position.
	Next, make sure your initial stop/loss protection is LESS than the average winner :)	10:12
<+tzar2>	hmm
<@NihabaAshi>	Kind'uv makes sense to me :)
<+tzar2>	thats clever
<@NihabaAshi>	Seriously though...
<+tzar2>	sure does
	i never trade ER
<KN-ES>	uff
<+tzar2>	but it looks like lots of fun
	KN-ES wb
<+Flex>	morning
<+Widgetman>	734 short zone for me on ER	10:13
	656 on YM
<+KN-ES>	Covered 1/2 ES Short @ 1395 --> + 1
<@NihabaAshi>	I think traders should use different types of stop/losses in combo...
	For examples...
<+KN-ES>	Covered 1/4 ES Short @ 1394.50 --> + 1.5
<@NihabaAshi>	I have an "emergency hard stop" of -4 points on ER2
	That's just in case my computer crashes in the middle of a trade
	I also have a -2 point mental stop	10:14
<+KN-ES>	Covered all ES Short @ 1396 --> 0
<@NihabaAshi>	I try very hard not to let that mental stop be reached but it does happen every few full moons :(
<+tzar2>	2 points on ER is my daily stop loss	10:15
<@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
<@NihabaAshi>	My 3rd initial/stop in combo is based upon the current price action...it too is a mental stop
<+Flex>	lol
<+szubaark>	Buys ES @ 1396.25 «« paper »»
<+startrader>	Shorts NQ @ 1974	10:16
<+KN-ES>	Shorts ES @ 1396.25
	s.l 99.25
<@NihabaAshi>	Simply, that 3rd initial/stop...the one that tells me I need to exit my position or look for position reverse opportunities will change from trade to trade.
<+startrader>	Covered 1/2 NQ Short @ 1970 --> + 4
<+KN-ES>	Covered 3/4 ES Short @ 1395.25 --> + 1
<+Widgetman>	nice start
<@NihabaAshi>	Thus, I'm not a believer in fix stops/profits based upon risk:reward ratios	10:17
<+Flex>	KN later when not trading I have some news for you.
<+KN-ES>	hello Flex
<@NihabaAshi>	Fixed stuff implies the price action is ALWAYS the same and that's not true.
<+Flex>	hi
<+KN-ES>	thanks for the note you left yesterday
<+tzar2>	thanks NihabaAshi
<+Flex>	have more, found the Xeon dual quad board, 132GB
<+KN-ES>	:)
<@NihabaAshi>	My position trade is in trouble again :(
<+KN-ES>	64 is ok
<@NihabaAshi>	Price action trying hard to become bearish	10:18
<+KN-ES>	Covered 2 C ES Short @ 1394.25 --> + 2
	h 9
<+startrader>	Covered Remainder NQ Short @ 1969 --> + 5
<+Flex>	there are many, but only few support latest Xeon Clovertown and Harpertown cpus, I'll explain later
<+tzar2>	KN-ES what is the target for market today do you think?>	10:19
<+KN-ES>	3/4 = 1/4	10:20
	i am having huge problem with this 64 bit os
<+Flex>	I know, many complain on forums
<+startrader>	Long NQ @ 1971.25
<+KN-ES>	price will go up today, i think........	10:21
<@NihabaAshi>	Lots of Pin Ball Machine price action today :(
<+KN-ES>	86.75 has to be broken for a free fall
<+startrader>	Exited all NQ Long @ 1971.50 --> + 0.25
<@NihabaAshi>	Too many day traders and not enough position traders
<+KN-ES>	yes	10:22
<+Splurge>	not to keen on all these tails forming
<+KN-ES>	overexcited new traders always makes noise when market opens
	Covered all ES Short @ 1396 --> + 0.25	10:23
<+startrader>	Long NQ @ 1970
<+tzar2>	Shorts YM @ 1396.50 -> small size
<Andy>	Shorts ES @ 1000 «« testing »»
<+tzar2>	Shorts ES @ 1396.50	10:24
<+startrader>	Exited 1/2 NQ Long @ 1972.50 --> + 2.5
<+rickf>	back in a bit
<+KN-ES>	Shorts ES @ 1397	10:25
<+startrader>	Exited Remainder NQ Long @ 1972 --> + 2
<+Widgetman>	what time frame ya trade NQ on start ?
<+Andy>	am I connected...is anyone out there?
<@NihabaAshi>	Exited Remainder ER2 Long @ 731.20 --> + 0.4
<+KN-ES>	Covered 1/2 ES Short @ 1396 --> + 1
<@NihabaAshi>	gave up on it (lost my patience)
	:(
<+KN-ES>	s.l 99.50
<+szubaark>	so far small bursts of Volatility with no real followthru	10:26
	Exited all Long ES at 1395.75 --> - 0.5 «« paper »»
	Shorts ES @ 1395.75 «« paper »»	10:27
<+tzar2>	Covered all ES Short @ 1396.00 --> + 0.5
<+KN-ES>	Covered 1/4 ES Short @ 1395.50 --> + 1.5
	h7	10:28
<+Splurge>	net split?	10:29
<+Flex>	y
<+Splurge>	lol
<+tzar2>	welcome back gang
<+Splurge>	ssshh they are back
<+KN-ES>	Covered all ES Short @ 1396.50 --> + 0.5
<+tzar2>	its you who were gone
	not us
	we stuck our ground	10:30
<+Splurge>	lol
	tzar2 has quit IRC (Warren.MS.US.Othernet.org Houston.TX.US.Othernet.org)
<@NihabaAshi>	Long ER2 @ 733.00 -> small size
<+szubaark>	Covered all Short ES at 1398 --> - 2.25 «« paper »»	10:31
	Buys ES @ 1398 «« paper »»
<+KN-ES>	Shorts ES @ 1399
<+startrader>	Shorts NQ @ 1979
<+KN-ES>	s.l 02
	should be interesting
	lz sz
	Covered 3/4 ES Short @ 1398 --> + 1	10:32
<+startrader>	Covered 1/2 NQ Short @ 1977 --> + 2	10:33
<@NihabaAshi>	Exited 2/3 ER2 Long @ 736.30 --> + 3.3	10:34
	Will try one more time at a position trade...
	Got shaken out of my prior two attempts :(
<+KN-ES>	brb	10:35
<+szubaark>	real choppy, tough to stay in a trade
<@NihabaAshi>	exit stop raised ER2 @ 733.50	10:36
<+tzar2>	KN-ES you still short right?
<+KN-ES>	you will have to take some quick profit out to cover the stop loss
	the trade in worst case sen. should be b/e
	yes i m still short.
<+pat255>	N u weer right on being bullish this am ...
<+startrader>	Shorts NQ @ 1979.50 -> Add
<+szubaark>	yes, but im trading 1 contrac	10:37
<+tzar2>	low green prints on ES at around 99	10:39
	always fading there
	gotta be a good short
<+KN-ES>	Covered 2 C ES Short @ 1397.50 --> + 1.5
	:)
<rotor>	KN, do u have hard stop loss in the position?
<+KN-ES>	thats why its large size
	02
<+startrader>	Covered all NQ Short @ 1976.50 --> + 5.5	10:40
<+Widgetman>	start kickin NQ butt
<+tzar2>	KN-ES, it didnt go down to 94 in a while now, do you think they taking profits and preparing to go through the 1400
	?
<+KN-ES>	nice trade star
<+startrader>	Long NQ @ 1976	10:41
	ty
<dragon310>	gm all	10:42
<+tzar2>	morning dragon310
<+startrader>	Exited all NQ Long @ 1974.75 --> - 1.25	10:43
<+KN-ES>	Covered 2 C ES Short @ 1397 --> + 2
	h9
	brb
<+szubaark>	Exited all Long ES at 1396.25 --> - 1.75 «« paper »»	10:44
<@NihabaAshi>	:(
<+szubaark>	Shorts ES @ 1396.25 «« paper »»
<@NihabaAshi>	Another remainder picked pocketed :(	10:45
	Exited Remainder ER2 Long @ 733.50 --> + 0.5
<+startrader>	Long NQ @ 1970.50
<+KN-ES>	Covered 1 CON ES Short @ 1396 --> + 3
	Covered 1 CON ES Short @ 1396.50 --> + 2.5
	h7
<+startrader>	Exited 1/2 NQ Long @ 1973 --> + 2.5	10:46
<+KN-ES>	we r heading south .........
	Covered 1 CON ES Short @ 1395.50 --> + 3.5	10:47
<+startrader>	Exited Remainder NQ Long @ 1973.75 --> + 3.25	10:49
<+tzar2>	vn startrader
<@NihabaAshi>	Long ER2 @ 734.30 -> small size	10:50
	1 contract only
<+startrader>	Long NQ @ 1971.50	10:51
	Exited all NQ Long @ 1969.75 --> - 1.75	10:52
<+szubaark>	no clear direction yet
<+KN-ES>	Covered 1 CON ES Short @ 1394.50 --> + 4.5	10:54
<+szubaark>	nice KN
<+KN-ES>	h 5
<+tzar2>	KN-ES is on a roll here
<+startrader>	Long NQ @ 1967.50
<+KN-ES>	thanks
<+tzar2>	KN-ES would you take it short again if it comes to 99	10:56
<+KN-ES>	depends on vol
<+startrader>	Exited 1/2 NQ Long @ 1971 --> + 3.5
	Exited Remainder NQ Long @ 1973 --> + 5.5	10:57
<+KN-ES>	nice trade star	11:00
<@NihabaAshi>	contracting volatility is flat lined...	11:03
	making trading very difficult
	Exited ER2 Long @ 735.00 --> + 0.7	11:04
	Will stay on the sidelines and just watch for awhile due to the declining volatility and pin ball machine price action	11:05
<+startrader>	Shorts NQ @ 1972
	Shorts NQ @ 1973.75	11:06
<+Andy>	Shorts ES @ 1397.5 «« paper »»
<+startrader>	Covered 2/3 NQ Short @ 1971.25 --> + 2.5	11:08
<+Andy>	Covered 2/3 ES Short @ 1396.5 --> + 1 «« paper »»
	Covered Remainder ES Short @ 1397.25 --> + 0.25 «« paper »»	11:10
<+startrader>	Covered Remainder NQ Short @ 1973.75 --> 0
	Shorts NQ @ 1974.50	11:14
<+Andy>	Shorts ES @ 1397.75 «« paper »»
<+startrader>	Covered 1/2 NQ Short @ 1972 --> + 2.5	11:15
<+Andy>	Covered 1/2 ES Short @ 1396.75 --> + 1 «« paper »»
	Covered 1/4 ES Short @ 1396.25 --> + 1.5 «« paper »»	11:16
<+startrader>	Covered Remainder NQ Short @ 1971.75 --> + 2.75
<+dragon310>	hmm no direction	11:18
<+tzar2>	i agree
	nq having trouble breaking 73
<+dragon310>	short 734.7	11:20
	market not in sync	11:21
	frustrating	11:22
<+Andy>	Covered Remainder ES Short @ 1397 --> + 0.75 «« paper »»	11:23
<+dragon310>	covered 735.8 -->-01	11:24
<+szubaark>	Covered all Short ES at 1398 --> - 1.75 «« paper »»	11:25
	Buys ES @ 1398 «« paper »»
<+rickf>	back
	still a ducky tape :(
<+tzar2>	wb rickf
<A22>	wb rickf
<+Andy>	wb rickf	11:26
	othernet servers sketchy today
<+dragon310>	short 734.80	11:27
<+szubaark>	Exited all Long ES at 1396.50 --> - 1.5 «« paper »»	11:28
	Shorts ES @ 1396.50 «« paper »»
<+startrader>	Shorts NQ @ 1974.50	11:29
<+rickf>	short es 1396.50 paper
<+startrader>	Covered all NQ Short @ 1972 --> + 2.5	11:30
<+rickf>	exit es 1395.50 +1 paper	11:32
<+szubaark>	nice star,rickf	11:33
<+Andy>	agree	11:34
<+rickf>	i really gotta learn patience :(
	thx
<+szubaark>	looks like just retail scalping this tick for tick	11:36
<+rickf>	short es 1395 paper	11:37
<+Andy>	Long ES @ 1394.5 «« paper »»	11:39
	Exited all ES Long @ 1394.5 --> 0 «« paper »»	11:40
<+rickf>	exit es 1394 +1 paper	11:41
	suspect it will fall further
<+szubaark>	yes, but its gonna take its time LOL	11:42
<+rickf>	lol
	in this tape i am not being greedy
<+startrader>	Long NQ @ 1967.75
<+rickf>	short es 1394.25 paper	11:43
<+startrader>	Exited all NQ Long @ 1966.50 --> - 1.25
<+rickf>	exit 1/2 93.25 +1 paper	11:44
<+KN-ES>	Covered 1 CON ES Short @ 1393 --> + 6
<+Andy>	Long ES @ 1393.25 «« paper »»
<+KN-ES>	h 4	11:45
<+Andy>	Exited all ES Long @ 1392.5 --> - 0.75 «« paper »»
<+startrader>	Long NQ @ 1964.75	11:46
<+rickf>	exit es remainder 1392.25 +2 paper
<+szubaark>	nice rick
<+Andy>	vn rickf
<+rickf>	thx szu	11:47
	knew i shoulda stayed in that first short, but didnt want to risk it
<+startrader>	Exited all NQ Long @ 1962 --> - 2.75
<+Andy>	Long ES @ 1391.75 «« paper »»	11:48
<+szubaark>	lets see if we get test of yersturday lows	11:49
<+dragon310>	cover 1/2 731.1 --> +4	11:50
	h1
<+KN-ES>	nice trade
<+dragon310>	thanks
<+tzar2>	web KN-ES	11:51
	wb
<+startrader>	Long NQ @ 1964.25
<+KN-ES>	:)
<+tzar2>	you still holding that short?
<+KN-ES>	yes
<+tzar2>	what is your target?
<+KN-ES>	84.25
<+tzar2>	nice
	do you think 87 is support?	11:52
<+KN-ES>	yes
<+startrader>	Exited all NQ Long @ 1967.50 --> + 3.25	11:53
<+tzar2>	nice startrader
<+rickf>	nice star -- glad you found a home again on the nq
	:)
<+Andy>	Exited 1/2 ES Long @ 1392.75 --> + 1 «« paper »»
<+startrader>	the multiplier is not as sexy but the cues are more evident.	11:54
<+rickf>	i've heard that -- never traded nq before, but lots of folks say it's more tradable
	guess it's your style i guess
	i'd prefer accuracy to multipliers any day	11:55
<+szubaark>	it depends, NQ has its weeks, most more often then now, its tough to trade
<+startrader>	me too.
<pdays>	Long ER2 @ 731.5	11:56
<+Andy>	Exited Remainder ES Long @ 1391.5 --> - 0.25 «« paper »»	11:57
	taking too long
	timed me out	11:58
<+startrader>	Shorts NQ @ 1967.50	12:00
<+pdays>	exit stop set ER2 @ 731.0	12:04
<+Andy>	feels like nq is moving es	12:10
<+startrader>	Covered 1/2 NQ Short @ 1965 --> + 2.5
<+tzar2>	nice hold startrader
	i followed that one
<+startrader>	That's what I have been saying the last 2 weeks andy.
<+pdays>	Trailing Stop Hit ER2 @ 731.0 --> - 0.5	12:11
<+szubaark>	NQ does have nice moves lately, but im sure they gonna flip the script real soon
<+startrader>	Covered Remainder NQ Short @ 1964.50 --> + 3	12:12
<+tzar2>	vn startrader
<+szubaark>	nice star
<+rickf>	short es 1390.75 ppaer
<+tzar2>	startrader how many contracts do you do?
<+KN-ES>	Covered 1 CON ES Short @ 1391 --> + 8
<+Andy>	vn read, st...two weeks...that's about how long it takes me :)
<+rickf>	cancel - order didn't fill
<+startrader>	been 1-4 on the nq.	12:14
<+tzar2>	nice
<+Andy>	yes...nq has been much more transparent...and as you say, muted es follows
<+startrader>	Shorts NQ @ 1965
<+dragon310>	good grief!! im falling a sleep	12:19
<+tzar2>	dead zone has arrived
<+rickf>	yep - i'm off to run errands and stay out of trouble. back in a bit	12:20
<+startrader>	Covered all NQ Short @ 1965 --> 0
<+szubaark>	Covered all Short ES at 1393 --> + 3.5 «« paper »»	12:21
<+startrader>	Shorts NQ @ 1968	12:22
<+szubaark>	taking lunch.. shitty price action
* szubaark	is now known as szubaark_away	12:23
<+startrader>	hey suz you think this is a truck stop with that talk.	12:24
	Shorts NQ @ 1968.50	12:26
<+tzar2>	Shorts NQ @ 1968.75	12:27
<+startrader>	Covered all NQ Short @ 1970.25 --> - 1.75	12:31
<@NihabaAshi>	When volatility is flatlined and low like this...	12:36
<+startrader>	Long NQ @ 1968.75
<@NihabaAshi>	I go to the Hit & Run trading approach = Look for a few ticks only	12:37
	Shorts ER2 @ 732.50 -> small size
<+tzar2>	Covered all NQ Short @ 1968.25 --> + 0.5	12:38
<@NihabaAshi>	Covered ER2 Short @ 732.90 --> - 0.4	12:39
<codehead>	crude new lod	12:40
<+startrader>	Exited 1/2 NQ Long @ 1970.25 --> + 1.5
<@NihabaAshi>	Long ER2 @ 733.20 -> small size
<+startrader>	Exited Remainder NQ Long @ 1971 --> + 2.25
<@NihabaAshi>	Exited ER2 Long @ 733.70 --> + 0.5	12:42
	volatility improving	12:47
<+startrader>	Shorts NQ @ 1976.50	12:49
	Covered 1/2 NQ Short @ 1974.75 --> + 1.75	12:52
	Covered Remainder NQ Short @ 1974.50 --> + 2
	Long NQ @ 1974	12:54
	Exited 1/2 NQ Long @ 1975 --> + 1	12:56
	Exited Remainder NQ Long @ 1975.50 --> + 1.5	12:59
	Long NQ @ 1975.50	13:06
	Long NQ @ 1975.25 -> Add	13:09
<+Flex>	Star you really good today	13:10
	in great shape lol
	lot of trades and winners	13:12
<+startrader>	Exited all NQ Long @ 1974.25 --> - 2.25
	spoke too soon.
<+Flex>	:(
	you are still up for the day i guess	13:13
<+startrader>	yes
	Long NQ @ 1971.75	13:14
	Exited 1/2 NQ Long @ 1973.50 --> + 1.75	13:16
	Long NQ @ 1970.75 -> Add	13:18
	Exited all NQ Long @ 1970.50 --> - 1.5	13:24
	Long NQ @ 1970.25	13:25
<+rickf>	back	13:27
<+startrader>	Exited 1/2 NQ Long @ 1972 --> + 1.75
<+anglo>	the quick brown fox jumps over the lazy dog (lazy dog=me)
	congrats to all scalpers. well done.	13:28
<+startrader>	Exited Remainder NQ Long @ 1972 --> + 1.75
	Long NQ @ 1972	13:30
	Exited all NQ Long @ 1971.25 --> - 0.75	13:31
<+rickf>	short es 1394 paper
<+startrader>	Long NQ @ 1971	13:32
	Long NQ @ 1970.50	13:35
	Exited 1/2 NQ Long @ 1974.25 --> + 3.75	13:36
<+rickf>	exit es 1395 -1 paper
<+startrader>	Exited Remainder NQ Long @ 1975.25 --> + 4.75	13:37
	Long NQ @ 1373.75	13:45
	could be up from here.
<@NihabaAshi>	Long ER2 @ 735.90 -> small size	13:49
<+rickf>	long es 1398.25 paper
<@NihabaAshi>	:(	13:50
	It moved too fast to get in @ 735.00
<+startrader>	Exited all NQ Long @ 1378.50 --> + 4.75
<+rickf>	exit 1/2 es 1399.50 +1.,25 paper
<+startrader>	only 1, shoot.
<@NihabaAshi>	Exited ER2 Long @ 736.30 --> + 0.4	13:51
<+rickf>	eit remainder es 1398.75 +.5 paper
<+startrader>	Shorts NQ @ 1394.75	13:59
	I am thinking nq and typing es.	14:00
<+rickf>	short es 1397.25 sm sz paper
<+startrader>	Shorts NQ @ 1974.75	14:01
	Covered 1/2 NQ Short @ 1972 --> + 2.75	14:02
	Shorts NQ @ 1973 -> Add	14:03
<+rickf>	exit es 1397.25 b/e paper	14:05
<+startrader>	Covered all NQ Short @ 1974.50 --> - 1.25
<+codehead>	oil dive	14:06
<+rickf>	yep
<@NihabaAshi>	Shorts ER2 @ 734.10 -> small size	14:09
	wow
	sneaky booger
<+startrader>	I can't even post fast enough.
* szubaark_away	is now known as szubaark	14:10
<@NihabaAshi>	I left an order out there and it dropped instantly to fill it :(
<+szubaark>	Shorts ES @ 1395.25 «« paper »»
<+rickf>	short es 13956 paper
<+startrader>	Long NQ @ 1972	14:11
<@NihabaAshi>	what's up with this crazy price action...	14:12
	Pin Ball City
<+szubaark>	wonder if yersturdays end of day drop sucked all the Volatility for today
<+startrader>	Exited all NQ Long @ 1970.50 --> - 1.5
<@NihabaAshi>	Geeesh	14:13
<+rickf>	eit 1/2 es 1394 +2 paper
<ItalianSharp>	here come the bears again
<+rickf>	h3
<+ItalianSharp>	any news we should be aware of? or just hardcore dumping off the highs?	14:14
	maybe oil hit 150?
<+rickf>	130
	big drop in past 10 mins on the QMN8
<+Flex>	oil dropped below trendline support now res
<@NihabaAshi>	Covered ER2 Short @ 733.80 --> + 0.3
<+tzar2>	where is oil at	14:15
<@NihabaAshi>	733.00 looks like a support area for a good battle
<+Flex>	130.65
<+startrader>	Long NQ @ 1968
<+rickf>	exit es remainder 1395 +1 paper
<+ItalianSharp>	130??? that's CHEAP
	i should run to the gas station and fill up the tank :)	14:16
<@NihabaAshi>	:)
<+Flex>	yeah, too many cars around here, we need 200 to make some ppl drop their cars
<@NihabaAshi>	There are 2 new mopeds on my street in comparison to last year.
<+rickf>	short es 1394.50 sm sz paper
<+startrader>	Exited all NQ Long @ 1964.75 --> - 3.25	14:18
<@NihabaAshi>	Shorts ER2 @ 733.00 -> small size	14:19
<+rickf>	exit 1/2 es 1392.50 +2 paper
<+startrader>	Long NQ @ 1963	14:20
<+rickf>	sheesh, i could've stayed in from much higher -- i can't follow a trend to save my life :(
<@NihabaAshi>	I see Hammer lines trying to form	14:21
<+szubaark>	rick, its tricky action today, no real trend just range bound chop
<+rickf>	yah today isn't helping, for sure
	definately overtraded today
<@NihabaAshi>	Covered ER2 Short @ 732.50 --> + 0.5	14:22
	volatility declining	14:23
<@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	14:24
<+startrader>	Long NQ @ 1961.75
<+ItalianSharp>	looks like new lows might not be out of the picture here
<+codehead>	crude dropping to new lod into cash close	14:25
<+startrader>	Exited 1/2 NQ Long @ 1965.25 --> + 3.5	14:26
<@NihabaAshi>	Long ER2 @ 733.00 -> small size
<+rickf>	exit es 1394 +.50 paper
<+startrader>	Exited Remainder NQ Long @ 1965.75 --> + 4
	Shorts NQ @ 1966	14:28
<@NihabaAshi>	weak support area now	14:29
<+rickf>	short es 1392.50 sm sz paper
<+startrader>	Covered all NQ Short @ 1962 --> + 4
<+tzar2>	nice startrader
	you a cash machine today
<@NihabaAshi>	volatility spike down and trying to do it again back up
<+szubaark>	ES fighting unchaged for the day for the 4th time LOL	14:30
<+startrader>	lucky fill at 66 and could not even cover in time at low.
<@NihabaAshi>	Exited ER2 Long @ 732.20 --> - 0.8
	Long ER2 @ 732.00 -> small size	14:31
<+KN-ES>	back
<+Flex>	wb	14:32
<+tzar2>	wb KN-ES
<+KN-ES>	still there!!!!!!!!!!!!
<+tzar2>	lol
<+KN-ES>	this time we are going to break the bottom :)
	damm
<+szubaark>	hope so Im Short
<+KN-ES>	i had a limit short at 99 ........
	:)
	not a bad da	14:33
	y
<+tzar2>	did you get it?
<@NihabaAshi>	ER2 getting too jumpy for me now
<+KN-ES>	yes
	:)
<+tzar2>	nice
	how many you holding now?
<+KN-ES>	sl still 2
	1402
	:)	14:34
	+5
<+rickf>	out at 94 -1.50 paper	14:35
<@NihabaAshi>	Exited ER2 Long @ 733.20 --> + 1.2
<+startrader>	Shorts NQ @ 1964.25
<+Flex>	half of the ppl in the room is short while the other half is long today	14:36
<+szubaark>	Covered all Short ES at 1395 --> + 0.25 «« paper »»
	Buys ES @ 1395 «« paper »»
<+startrader>	Covered all NQ Short @ 1967 --> - 2.75	14:40
<@NihabaAshi>	Shorts ER2 @ 733.10 -> small size	14:41
<+startrader>	Shorts NQ @ 1966
<@NihabaAshi>	support area around 732.80 - 732.40	14:43
<+startrader>	Covered 1/2 NQ Short @ 1964 --> + 2	14:46
	Covered Remainder NQ Short @ 1965.75 --> + 0.25	14:49
<@NihabaAshi>	Covered ER2 Short @ 732.60 --> + 0.5	14:51
<+rickf>	long es 1395.50 paper	14:53
<+startrader>	Shorts NQ @ 1968
<+KN-ES>	finally
<BigDawg291>	out	14:55
<+startrader>	Shorts NQ @ 1969 -> Add
<+KN-ES>	1396 add	14:57
<+Flex>	short ?
<+rickf>	exit es 1396 +.50 paper
<+tzar2>	short 1968.25 out 1967 +1.25
<+KN-ES>	all short........ havent taken even one long today
<+Flex>	KN didn't you sell that 99 short earlier ?
	at 93 ?
	93-94 ?	14:58
<+KN-ES>	1 sec
	let me open my acc
<+Flex>	sure np
<+startrader>	Covered 1/2 NQ Short @ 1966 --> + 3
<+KN-ES>	out 3/4 1395.00 +1.00
<+startrader>	Covered 1/2 NQ Short @ 1965 --> + 3
<+KN-ES>	h 7 from 96	14:59
	holding 3 from 1399.00 from 10.37 am	15:02
	so 3 + 7 right now
<+Splurge>	you will get fined for loitering KN
<+Flex>	thx
<+KN-ES>	took out 5 from 5 contract int he middle :)Session Close: Thu May 22 15:03:25 2008	15:03
	Session Start: Thu May 22 15:03:25 2008Session Ident: #futurestrades
* Disconnected
* Attempting	to rejoin channel #futurestrades	15:04
* Rejoined	channel #futurestrades
<@X>	[NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<+Flex>	no, bounced around all day	15:05
<+KN-ES>	:)
	its kind of good for range trading
	actually great day
	for any range trader
<+Flex>	sure, if one knows how to lol	15:06
<+ItalianSharp>	after tuesday and wednesday, i expected a range day	15:07
	it wasnt as bad as i expected it
	i wish all range days were like today
	we've seen a lot worse than this
<+KN-ES>	:)	15:09
	well all the range trading usually ends with a big break out.........
<szubaark>	Covered all Short ES at 1395.75 --> - 0.75 «« paper »»	15:20
<+szubaark>	Buys ES @ 1395.75 «« paper »»	15:21
<+KN-ES>	out 3 1394.50 +1.50
	h4 from 96	15:22
<+szubaark>	Exited all Long ES at 1393.75 --> - 2 «« paper »»	15:23
	Shorts ES @ 1393.75 «« paper »»
<+KN-ES>	out 1 1393.50 + 2.50	15:24
	out 1 1394.00 + 2.00	15:26
	out 1 1391.50 + 4.50	15:30
<+tzar2>	NQ is dead	15:36
<+startrader>	Shorts NQ @ 1962	15:39
	Covered all NQ Short @ 1964 --> - 2
<+szubaark>	Covered all Short ES at 1393.50 --> + 0.25 «« paper »»	15:40
	Buys ES @ 1393.50 «« paper »»
<+tzar2>	someone shorted the server	15:45
<+BigDawg291>	lol
<+tzar2>	welcome back guys	15:48
	we missed ya
<+Flex>	we should choose one server and log all on that one so we never split
<+szubaark>	mirc acting up today, i got disconnected 3 times	15:49
	..	15:50
<+tzar2>	10 trades today, most ive ever done in a day. and im green :D	15:56
<+szubaark>	exit stop moved to breakeven ES @ 1393.50 «« paper »»
<+tzar2>	excelent day today, thanks startrader, followed your trades today
<+dragon310>	good job tzar2
	i made 2 trades today
<+tzar2>	thanks dragon310
<+dragon310>	kinda new it was going to be a consolidation day	15:57
	actually sorry 4 trades
<+tzar2>	first time i did NQ today
<+dragon310>	for got about my scalp
<+werner>	gn all
<+tzar2>	up 75 on it
	gn werner
	and first time i traded 2 contracts too.. i did 2 trades with 2 cars	15:58
	made lots of progress today
<+szubaark>	tzar, real money or paper?
<+tzar2>	real
<+szubaark>	good job
<+tzar2>	thanks
	missed 2 trades, and got out way too early on 1	15:59
	those were the 3 mistakes for me for the day
	traded of the time and sales today, really good
	well im done , gl everyone	16:00
	thanks again
	see you all tomorrow
<+szubaark>	Exited all Long ES at 1393.50 --> 0 «« paper »»
	Shorts ES @ 1393.25 «« paper »»
<+dragon310>	gn all	16:04
<+Flex>	goodbye all	16:05
<+rickf>	gn
<A22a>	gn rickf!
<+A22a>	its me, Andy...IRC problems
<+rickf>	aaah
<+KN-ES>	wb Andy	16:06
<+rickf>	trying to build 'momentum bars' just to satisfy my curiosity	16:07
	er, 'fixed range' bars / constant volume bars, etc	16:08
	slow afternoon
<+szubaark>	Covered all Short ES at 1394 --> - 0.75 «« paper »»	16:10
<+A22a>	good to be back, KN
<+szubaark>	Overtraded today due to the range day	16:11
<+rickf>	yah me too
	big time
<ItalianSharp>	they trying hard to make ES close in the green	16:13
<+ItalianSharp>	psychological battle now
<+KN-ES>	A22a........i must add you both look good
<+ItalianSharp>	NQ too
<+KN-ES>	with all those As
	:)
<+ItalianSharp>	YM 6pts in the red though
<+rickf>	lol
<+szubaark>	down small.. last year in a range like this i would have been down thousands of dollars LOL
<+Flex>	I am not trading at all, I am quite frozen	16:14
<+A22a>	I want to be first in the MIRC telephone directory
<+rickf>	i closed out in the green today -- but just only	16:15
	got stupid a few times :(
<+ItalianSharp>	ES and NQ managed to close in the green...YM couldnt
<+KN-ES>	will hold this 4 con ......... need 84 +-	16:16
<+ItalianSharp>	neutral day...the bleeding from the last 2 days has stopped temporarily
<+KN-ES>	need all red :)
<Brutus>	http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={9d7a1 e66-4ae7-4b4a-8734-19663530493b}
<+ItalianSharp>	NK, you short?
	KN
<+KN-ES>	all day
	not a single long
<+Brutus>	1384 kn?
<+ItalianSharp>	i still think we need to drop further to have a nice rise	16:17
<+KN-ES>	yes
	i was looking for 84 today
<+ItalianSharp>	today range price action looks like the classic bearish flag
<+KN-ES>	:)
	yes
	well there are two ways of trading here .........	16:18
	that can be successful
	or would be
	1. range
	trading
	with regular size
	and other is
	picking a top and look for a comfortable exit somewhere with a large lot
	both are safe
<+ItalianSharp>	well, tough part is to pick the right top	16:19
	:)
<+Flex>	exactly
<+KN-ES>	but second one needs lot less energy
	and i consider the second one safe
<+ItalianSharp>	KN, how is it safe to pick a top?
	i mean...how can you make it safe?
<+KN-ES>	let me explain	16:20
<+Flex>	it is if you pick as Kn does :)
<+KN-ES>	how many time have you seen price to cross 1400 in first try?
	NEVER
<+Flex>	today ? none	16:21
<+KN-ES>	how about 2nd try.........in last 6 months
	NEVER
<+Flex>	ok
<+KN-ES>	any higer high toward 1400 is a nice short entry
	as soon as vol starts fading	16:22
	if you have 20-25 contracts and if you make 2 basic points
	thas lots 35+ net points
	all you need enter 99+- and exit 97+-	16:23
	simple math
	...... 99.50 was top today	16:24
	9+- was low yesterday
	b4 the news
	so its all goes in the same pattern
<+ItalianSharp>	where would teh emergency stop be?
<+KN-ES>	and how is safe trading large lots?............
<+Flex>	1402	16:25
<+KN-ES>	say you have 20 contracts
	devide it 15 + 2 + 1 + 1 + 1	16:26
	get out first 15 with 1.5
	and place your stop for the rest at 2
	you already have a safe trade
<+Flex>	right
<@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	16:27
<+KN-ES>	its lots easier to trade large contracts
<+Flex>	the pain is when you have to get those first 2 pts for the first 15 cts.
<+KN-ES>	if your entry is not in the right place, you are in pain even with 1 contract	16:28
<+Flex>	exactly, this is the point
<+KN-ES>	again............
<+rickf>	agreed
<+KN-ES>	if you have first 2 trade successful......
<+Flex>	I think what ItalianSharp is trying to say is how to pick the RIGHT top or bottom entry :)
<+KN-ES>	you have a huge plus to place ur stops
	its subjective..... i already told you how i traded today	16:29
	star was picking swing hi and lo s today....... great trading	16:30
<+Flex>	yes he was good
<+KN-ES>	well, bottom line is ........ you will have to change ur trading with market, dont just enter at some point and strat praying that market will change for you	16:31
<+Flex>	sure
<+rickf>	gotta adapt to different market actions -- some days trend, some days chop	16:33
	you think you're on a breakout but it's just more chop noise = you get hosed
<+KN-ES>	we dont have a choice, do we?
<+tzar2>	KN-ES you dont use limit orders to enter, correct? only to exit
<+rickf>	trade the market you're given, not the one you want :)
<+Flex>	KN did you spend your half-hour strdying the market in PM this morning ?	16:34
	studying
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)
<+KN-ES>	i use limit order once in a blue moon
	when i think my profits can cover any accidental loss from the limit order
	one thing i alwasy keep in mind that..........
	I always try to keep my previous days' acccount balance safe	16:35
	after that if i dont make even a dollar ....... i m still fine
	yes, i alwasys spend half an hr just watching market ........	16:36
	well, this started when i first started trading
	i was using IB and
	my charts were funny looking in the morning :)
	fills , bad fills and no fills....etc	16:37
	so i started waiting half an hr to get the charts right
<+Flex>	ok
<+KN-ES>	now it like my daily analysis...... still wait that half an hr
<+tzar2>	do you watch the time and sales during the first 30 min of market?
<+KN-ES>	just keep watching the markets
	nop	16:38
	time and scales are the alwasy last when taking a trade
	if your analysis tells you to get in a long or short............absolutely then
	only then
	you go time and sale to look for a nice place of entry	16:39
	you dont want to place
	your long in a place when you can see there is a big short right next to you
	suicide...........kind of
<+Flex>	lol nobody talks	16:41
<+Brutus>	kn when you talk of volume - is it only futures volume or equities as well
<+KN-ES>	out last 1 96 .........92.50 + 3.50
	will hold remainder 99 overnight	16:42
	just futures.......
	well, predicting market direction is another thing you will have to keep in mind when trading well kind of directional trading	16:43
	but thats a complete different area	16:44
	will talk about that some other day... thats a huge topic	16:45
<+Flex>	great
<+Brutus>	ok, thx
<+Flex>	thanks
<+tzar2>	thanks a lot
	KN-ES, when you look at the first 30 min of market, what are you looking for specifically
<+KN-ES>	lets give you an idea
	in options	16:46
	you can masure the overvalued and undervalued area of an instrument
	if can be done in futures too
	say, es and er2	16:47
	you can compare the rate of price change
	for es nq and er2 nq
	will give you an idea if es is overvalued or undervalued	16:48
	same goes for er2
	so say
<+Flex>	you look for inbalance betweend indexes
	between
<+KN-ES>	yes
<+Flex>	sort of arbitrage	16:49
<+KN-ES>	this is only ture for premarket analysis
	you dont want to do all these anlysis when you are in trading............ you will be way late then
	anyway
	say, es is overvalued compre to er2	16:50
	now as options, it must be more than +1
	then you can expect price drop	16:51
	now which one should u trade.........er or es or any other
	you may look for any other insturment that has that value in between es and er2
	then if you are wrong........then	16:52
	since you are starting from the middle........ your risk is numbered ...... as long as es or er2 not making a new high at bar-1
	thats bar -3
	3rd last bar........ to be considered	16:53
	so you have limited risk and open downside for a free fall
<+Flex>	ehm ok	16:54
<+KN-ES>	this is a mean to guess the direction of the trading
	then once you are done with that......and other analysis.....and sure about the direction more or less ........
<+tzar2>	is there a formula to calculate rate of change?	16:55
	how do you calculate it
<+Flex>	Excel spreadsheet ?
<+KN-ES>	yes
	i use braincell
	www.jurikes.com
<+tzar2>	website dont work	16:56
<+KN-ES>	let me check
<+Flex>	wronk url
	wrong url
<+Brutus>	http://www.tradecision.com/product/speci al_techniques/jurik_indicators.htm	16:57
<+KN-ES>	http://www.jurikres.com/
	its a good place to start
<+Flex>	thx
<+tzar2>	thanks a lot KN-ES
<+KN-ES>	welcome.....	16:58
	any qs ?
	:)
<+tzar2>	KN-ES, to be honest when i asked that question i tought you wuold just say, support resistance, bid/ask volume
	never expected so much detail
	thank you very much
<+KN-ES>	this is a ocean........... we are just running after some drops	16:59
	no need to fight over that... we all can have our own space there
<+Flex>	The end of the cold war redirected scientists from tracking
	missiles to tracking the markets
	lol
	great site
<+KN-ES>	i will give you other web sites you may find interesting	17:00
	lets help each other :)
<+tzar2>	defentley
	:)
<+Flex>	sure, unfortunately I have more pc-hardware-related websites than financial to suggest lol	17:01
<+KN-ES>	:)
<+tzar2>	i got more questions then answers
<+KN-ES>	Flex, thanks for the help, great sites	17:02
<+Flex>	The end of the cold war redirected scientists from tracking
<+KN-ES>	hahaha
<+Flex>	missiles to tracking the markets
	sry wrong paste
	BRAINCEL is an Excel add-in that enhances your forecasts with the power of neural networks
	I want it :)
<+KN-ES>	tzar2..... you should have more qs then answers...........even 50 yrs from now
	well, Nihas report is a very good place to start analysis	17:04
	it made my job very easy,....... and short :)
	although its subjective how you manage to combine ur analysis to Nihas report	17:05
<+Flex>	yes
<+KN-ES>	and its takes considerable time
<+tzar2>	is Niha's complex?
<+KN-ES>	you cannt start trading overnight
	not complex........ needs time to get to the theme
	its not like cci cross
	cross ...... buy/sale ...... loss ...... done	17:06
<+tzar2>	heh
<+KN-ES>	trading is not that hard but not that easy that u can do it with a cci.........thats what i think
	and with all those ma sma wma ema..... its like a amazon......hard to see the candles	17:07
<+Flex>	I have to go guys, thanks for all the info KN	17:09
<+KN-ES>	you were asking for how to guess the direction ..... you have the first hand.....
<+Flex>	I'll regroup all interesting financial sites I have and send them, maybe there is a couple you don't know yet :)	17:10
<+KN-ES>	:)
<+Flex>	that Jurikres website is very interesting btw
<+KN-ES>	take care all.....see you all tomorrow...... hopefully price wont cross 1402 ..... :)
	yes it is
<+Flex>	goodnight
<+KN-ES>	gn	17:11
<+tzar2>	KN-ES im very thankful for your effort to help us
<+rotor>	thanks to all )))
<+tzar2>	im exausted today
	watched the time and sales like a hawk today
<+Brutus>	thanks KN gn all	17:12
<+tzar2>	learned a whole lot
<+rickf>	seeya
<+tzar2>	already you made my trading much more profitable
	and have more confidence
	i like the fading of the time and sales
	for entries
	worked very well today	17:13
<+Flex>	http://www.jurikres.com/snake/main_oil.h tm#top
<+tzar2>	me and BigDawg291 followed it
	turned up green	17:14
<+rickf>	you followed jurik or t&S
<+tzar2>	t&s
	made 10 trades	17:15
	1 or 2 losers
<+BigDawg291>	yeah
* Flex	is now known as Flex_away
<+rickf>	nice
	welp have a gn all -- i am off to make an early dinner	17:17
<+tzar2>	me too
	thanks a lot KN-ES
	bye all
<@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 Session Close: Thu May 22 18:48:36 2008	18:33
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