#FuturesTrades May 24th Thursday 2007 Trade Log

Today's WRB Analysis: I was recently asked what market breadth indicators do I use. My reply was that market breadth are indices and not indicators even though than can be used to help indicate price direction.

Just the same, I do a lot of intermarket analysis via monitoring other key trading instruments like the Eurex DAX, Euronext CAC-40, Exchange Traded Funds OIH and XLE, NYMEX Light Crude Oil CL, Treasury Futures and Gold Futures to help indicate price direction while I trade the Russell 2000 Emini ER2.

Anyways, my answer also stated I use the Market Volatility index VIX, VXN and RVX, Advance Decline Lines NYSE and Nasdaq to help indicate price direction.

Today, the key WRB price action for ER2 was the White WRB that closed at 1002am est via the 2min chart because two intervals later a Bearish Harami Japanese Candlestick pattern appeared @ 1006am est.  Yet, that pattern signal all by itself doesn't carry much weight with me (never use Japanese Candlesticks to define the price action).

However, that pattern carried weight because it occurred within a key s/r zone that had formed the prior trading day via the Dark WRB @ 3:30pm est...a Dark WRB that was involved in a bearish pattern signal.

With that said, read the below chat log and look at my Short position around the above key price action times to see that I cover way to early.

Why did I cover so early?

I had some distractions here at home and decided to take a quick profit with plans on re-entering the short if the down movement continued...I did just that for most of my trades the remainder of the trading day as shown in the chat log below.

Note: I don't post charts to reflect all the above commentary because I want you to open your own charts to correlate with my comments so that familiarity will help ensure that the price action being described by me is researched and that in itself will help you understand a little more about the price action.

General Strategy Info: Currently, I'm exclusively trading the Russell 2000 Emini ER2 futures even though my strategies are applicable and profitable on all the trading instruments listed towards the bottom of this webpage along with my past trade journals showing consistent profits in other trading instruments prior to exclusively trading Emini Futures ER2.

In addition, I use a rule based (no subjectivity) methodology via my best strategies involving WRB Analysis. However, there are other key variables integrated with WRB Analysis that involves simple concepts of intermarket analysis, market seasonal tendencies, volatility analysis, support/resistance zones and position size management along with custom Japanese Candlestick patterns to complete my trading plan that results in consistent profits.

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. Also, I use the user name NihabaAshi in the below trade posting chat log.

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.
	Session Start: Thu May 24 09:31:57 2007Session Ident: #futurestrades
* Now	talking in #futurestrades	09:31
<X>	[NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<eminitrader>	Long ES @ 1525.25	09:32
<szubaark>	Buys ES @ 1525.25 «« paper »»	09:33
<PapaJon>	Reminder... new home sales news at 10:00
<eminitrader>	i'm out szu
	Exited all ES Long @ 1524.75 --> - 0.5
<NihabaAshi>	It's crazy how the former FED Chairman Greenspan can still move the markets via his commentary yesterday that caused the market to spill its guts in reference to the meeting in Madrid about China and the U.S. economy.	09:36
<eminitrader>	Long ES @ 1524.25	09:37
<pat255>	yeah & not be responsible fr the comments also ..
	always can say I did not meant it that way ..
<eminitrader>	i doubt it was him alone niha..
<szubaark>	Exited all Long ES at 1523.50 --> - 1.75 «« paper »»
	Shorts ES @ 1523.50 «« paper »»
<Brutus>	Long ER2 @ 1523.75 «« paper »»
<eminitrader>	technicals were in place too...he prolly was the trigger
<jperl>	ER2 @ overnight LOD	09:38
	835.10
<les>	Shorts ER2 @ 834.7	09:39
<Brutus>	exit stop set ER2 @ 1522.75 «« paper »»	09:43
<Chilly>	Long ES @ 1524.25
<jperl>	new home sales 10:00 EST	09:44
<eminitrader>	Exited all ES Long @ 1524.75 --> + 0.5	09:45
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 with a money back guaranteed policy...click here.
	Trading Strategies ->   These strategies, from entry to exit,  will exploit inefficiencies in the price action of your trading instrument for profits in the following trading instruments via WRB Analysis: Emini Index Futures (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), Forex Currencies (EurUsd, EurYen, UsdCdn), Exchange Traded Funds (DIA, GLD, OIH, IWM, QQQQ, SPY, XLE) and Hang Seng Index Futures (HSI)
<intowin>	I am looking for a 1526 short	09:46
<Brutus>	exit stop set ER2 @ 1523.75 «« paper »»
<les>	Covered all ER2 Short @ 835.8 --> - 1.1	09:47
<jperl>	ER2 overnight HOD 837.80
<NihabaAshi>	Long ER2 @ 836.50 -> medium size
	Either that's a weird looking WRB the way it formed in its price action or I'm having data problems.	09:48
<Brutus>	Exited 1/4 ER2 Long @ 1525.75 --> + 2 «« paper »»	09:49
<Chilly>	Exited 1/2 ES Long @ 1525.25 --> + 1
<NihabaAshi>	Volatility is very low like and "flat line" like it has been for several trading days.	09:50
<X>	#FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, QQQQ, SPY)
<eminitrader>	nice long guys	09:52
<Chilly>	thx E
<NihabaAshi>	Exited all ER2 Long @ 837.20 --> + 0.7
<eminitrader>	i was to be stopped out @ 1523.25
<Brutus>	Exited 1/2 ER2 Long @ 1527.25 --> + 3.5 «« paper »»	09:53
<eminitrader>	but had a typo- 1423.25 and the order was rejected...didn't see it untill when i got out on mrkt
	so it was a lucky for one :))	09:54
<Brutus>	bush at 11 am
<les>	Long ER2 @ 838.2	09:55
	very fast move
<Brutus>	Exited 1/4 ER2 Long @ 1524.75 --> + 1 «« paper »»
<szubaark>	Covered all Short ES at 1528 --> - 4.5 «« paper »»	09:56
<Brutus>	Exited 1/4 ER2 Long @ 1527.75 --> + 4 «« paper »»
<eminitrader>	excellent B
<Brutus>	holding 1
<ItalianSharp>	New Home Sales in 3mins	09:57
<Brutus>	for 1530
<ItalianSharp>	Expect some fireworks
<Brutus>	thx e
<Chilly>	pullback started 1 tick from my exit :(	09:58
<Brutus>	exit stop set ER2 @ 1525.5 «« paper »»	09:59
<Chilly>	same here
<les>	Exited Remainder ER2 Long @ 838.3 --> + 0.1
<Chilly>	Exited Remainder ES Long @ 1528.50 --> + 4.25	10:00
<eminitrader>	very nice chilly
<Brutus>	Exited all ER2 Long @ 1529 --> + 5.25 «« paper »»	10:01
<NihabaAshi>	Long ER2 @ 840.40 -> small size	10:02
<PapaJon>	good new home sales number ... up over 16%
<les>	too rapid to even post trades
<Chilly>	thx E .. appreciate it
	oh well
<les>	got long 840
<NihabaAshi>	Exited all ER2 Long @ 841.60 --> + 1.2	10:03
<eminitrader>	Shorts ES @ 831.75
<les>	out @ 842	10:04
	+ 2.0
	holding 1	10:05
<NihabaAshi>	Shorts ER2 @ 841.10 -> medium size	10:06
<les>	exit rem, +.10	10:09
	hate upcreep crap
<NihabaAshi>	Shorts ER2 @ 841.70 -> Add	10:10
	Covered 1/2 ER2 Short @ 841.40 --> + 0.3	10:13
	Punks...I didn't get a fill 3 times before when it hit 841.30 :(
<eminitrader>	Covered 2/3 ES Short @ 1429.50 --> - 597.75	10:14
	Covered 2/3 ES Short @ 1529.50 --> - 697.75	10:15
<NihabaAshi>	Covered all ER2 Short @ 840.80 --> + 0.3
<eminitrader>	somethings wrong with the post	10:16
	again
	Shorts ES @ 1531.75
	Covered 2/3 ES Short @ 1529.50 --> + 2.25
	k better now
<NihabaAshi>	I think you posted the wrong entry and that made your exit math incorrect.
<intowin>	good job emini. Followed you on that one	10:17
<eminitrader>	:))
	yes niha
<pat255>	em u still S in es?	10:18
<Brutus>	dax at new highs again
<NihabaAshi>	After some late night analysis of the intraday volatility for the past 2 weeks...
<eminitrader>	i make 2 entries ..my log book and this room ...sometimes mess up ...but i prefer to get it right in my log
	yes pat
<NihabaAshi>	I've come to the conclusion that the "flat line" volatility we see has been setting up some strong parabolic price movement.	10:19
<ItalianSharp>	niha, the flat line volatility was broken out yesterday around 13.45	10:20
	first selloff
	then huge buying
<NihabaAshi>	Yep.
<ItalianSharp>	i read yesterday's selloff was due to bernanke statements on chinese stock-market being overbought	10:21
	can someone confirm this?
	sorry, not bernanke...greenspan
<NihabaAshi>	Shorts ER2 @ 840.20 -> small size
<PapaJon>	cant confirm I S but, I read the same thing	10:22
<ItalianSharp>	thanks papaJ
<NihabaAshi>	Today it flat lined for about 16mins after the Open before the first volatility spike @ 0944am - 0946am est
<PapaJon>	yw
<ItalianSharp>	i think it's always important to know the source of a parabolic price move...not in hindsight, but possibly as it's taking place	10:23
<les>	Shorts ER2 @ 840.7
<ItalianSharp>	it can really affect your trade management strategy
<eminitrader>	be back cover limit @ 1527.,75
<NihabaAshi>	Shorts ER2 @ 840.50 -> Add	10:24
	ItalianSharp...	10:25
	[09:36] <NihabaAshi> It's crazy how the former FED Chairman Greenspan can still move the markets via his commentary yesterday that caused the market to spill its guts in reference to the meeting in Madrid about China and the U.S. economy.
<les>	wrb retrace on offer now
	gotta get past 39.9 support first
<jperl>	ER2 VWAP 838.74	10:26
<ItalianSharp>	thanks Niha	10:27
	is anyone subscribed to live news services?
	CNBC TV sucks and is always late making announcement
	plus, 50% of the times CNBC is airing commercials	10:28
<les>	try #newsroom on IRC
<ItalianSharp>	les, do you attend that room?
<les>	Covered all ER2 Short @ 840.5 --> + 0.2
	sometimes i go in there	10:29
<NihabaAshi>	I would just prefer a decent schedule (dates and times) when the former Fed Chairman Greenspan speaks.
<les>	not moderated..
	anyone can join
<ItalianSharp>	i am going to take look now
<les>	should be in the list supplied with mIRC
<NihabaAshi>	Since he's left his position, he usually moves the markets very strongly with his commentary at whatever meeting he's doing.
	Shorts ER2 @ 841.00 -> Add	10:30
	Covered 1/3 ER2 Short @ 839.90 --> + 1.1	10:33
	As long as volatility is flat lined again...I have a chance to cover all my contracts at a profit.	10:34
<eminitrader>	limit filled
	Covered Remainder ES Short @ 1527.75 --> + 4
<NihabaAshi>	Covered 1/3 ER2 Short @ 840.20 --> 0
<les>	ur really cooking today em	10:35
<Chilly>	nice E ... using Fib levels for that exit?
<NihabaAshi>	That's actually a +0.30 on that 1/3	10:36
<eminitrader>	yes c...did't want to go long here though
<Chilly>	yep
<NihabaAshi>	I should'uv dumped them all when the Dark WRB first appeared.	10:38
	Another Dark WRB :)	10:39
	Covered Remainder ER2 Short @ 838.30 --> + 1.9	10:40
<RussellDaytrade>	my target for this downmove just fulfilled at 838.5, while it may go lower, which is my wish and expectation, ove time, I think it bounces here, can't type fast enough to keep up with it!	10:41
<NihabaAshi>	Here's an interesting "general stats" about my trading for the past 1 year...	10:42
	I'm trading via 1/2 the average position size in comparison to the prior years while my profit has doubled :)	10:43
	Simply, I've become more efficient via riding my winners and letting go of my losers at a less of a loss.
<RussellDaytrade>	correction to above...I think 'it may' bounce here
<Brutus>	Question is why reduce position, given the above	10:44
<ItalianSharp>	niha, i think that having a lighter position on your trades helps you psychologically
<NihabaAshi>	Volatility conditions is too risky.
<ItalianSharp>	basically, you are more patient and more focus on price action rather than money value of your positions
	or maybe i am wrong?
<NihabaAshi>	In other words, I perform better (should be obvious in this room) when there's volatility.	10:45
	There's less of it in current market conditions in comparison to prior years.
	ItalianSharp, its that too along with a few other little variables.	10:46
	I'm also doing much more position size management in comparison to past years.
	Before, I was mainly doing the same size for each trade.
	Basically I "tend" to become conservative and lighten the load when volatility declines...aggressively trade and increase my size when volatility increases.	10:48
	Also, another key...I'm no longer afraid to take a loss.	10:49
	Another key, I admit much quicker when I'm wrong and reverse my position appropriately when possible.
<RussellDaytrade>	when you refer to prior years, are you distinquishing directly between the last 'bear mkt' (2000-2002-3), and the present mkt, (2003-present), or are you delineating it differently?	10:50
<NihabaAshi>	Prior years as before 2006
	During the bear market I was loading the boat often and getting very little :(	10:51
	Lots of fear I had then when doing very large size.
<ItalianSharp>	niha, did volatility analysis help you improve your reversal strategies as well?	10:52
<NihabaAshi>	Yes.
<RussellDaytrade>	yes, very rapid spikes up then, as a rule...bear mkt spikes
<NihabaAshi>	Another key, I do more intermarket analysis.	10:53
	Shorts ER2 @ 836.00 -> small size	10:54
<Brutus>	Long ER2 @ 835.7 «« paper »»	10:55
<NihabaAshi>	Covered all ER2 Short @ 835.50 --> + 0.5	10:56
	1 contract only for the remainder of the trading day because I'm in profit protection mode after reaching my profit target goal for the day.
<Brutus>	Exited ER2 Long @ 835 --> - 0.7 «« paper »»
<NihabaAshi>	Geeesh.	10:58
	That price reaction to the 10am est economic report was looking pretty for awhile...	10:59
<les>	wow
<NihabaAshi>	Now the beer has worn off...we see that it really is ugly.
<les>	was away from screen a whiles
<Chilly>	Sales of new homes surged in April by the biggest amount in 14 years, but the median price of a new home dropped by the largest amount on record. The mixed signals left no clear picture of whether the worst of the nation's housing slump is over.	11:00
<RussellDaytrade>	beautiful and amazing thing to see my open oders to close shorts getting hit and filled! :)
	as much as I wanna see it go furhter down, and stll have open shorts, it appears to be set for a fair-sized move up in here	11:03
<jperl>	this mornings trades....	11:04
	http://charts.dacharts.com/2007-05-24/JP ERL_015.png
<les>	Shorts ER2 @ 833.8	11:13
	Covered all ER2 Short @ 833.2 --> + 0.6	11:15
	Shorts ER2 @ 832.7	11:17
	Covered 1/2 ER2 Short @ 831.6 --> + 1.1
<jperl>	829.30 congestion area	11:19
<NihabaAshi>	Shorts ER2 @ 829.50 -> small size
<Brutus>	Long ES @ 1518.5 «« paper »»	11:20
<NihabaAshi>	1 contract only and I'm glad because I had problems trying to get Short.
<les>	Covered Remainder ER2 Short @ 829.5 --> + 3.2
<pat255>	vn les ..
	missed it ...
<NihabaAshi>	Got a fill of about 6 ticks less than it should be :(
<Brutus>	exit stop set ES @ 1517 «« paper »»
<les>	thx pat	11:21
<NihabaAshi>	Covered ER2 Short @ 830.50 --> - 1
	Long ER2 @ 830.50 -> small size	11:22
	2 conracts
<les>	niha...	11:23
	u aware of the unfilled gap created by the WRB on 21st May?
	fill is at 27.8, which may meean more down here	11:24
	Shorts ER2 @ 830.1	11:26
<NihabaAshi>	Exited ER2 Long @ 830.10 --> - 0.4
	Reverse and Enter Short ER2 @ 830.10
<les>	Covered 1/2 ER2 Short @ 829.1 --> + 1	11:27
<NihabaAshi>	Covered 1/2 ER2 Short @ 827.90 --> + 2.2	11:28
<les>	Covered Remainder ER2 Short @ 827.8 --> + 2.3
	gap closed tight now	11:29
	Long ER2 @ 828.5	11:35
<jperl>	ER2 @ 1 month VWAP 828.63	11:36
	VWAP pivots now look as follows.....	11:38
	http://charts.dacharts.com/2007-05-24/JP ERL_016.png
<RussellDaytrade>	I have closed all shorts and am now net long.	11:39
<NihabaAshi>	The way this thing has been dropping...its worth holding on to my remaining Short contract to capture a WRB pt2 level.	11:42
	Hopefully its not a shallow WRB...if so, I may try to go for a lower level as in a WRB pt3 if the market feels like catering to my greed.	11:43
<jperl>	There is still plenty of downside potential below this monthly VWAP....	11:45
	not much in the way of congestion until the 821-822 area
<RussellDaytrade>	mkts going up here	11:47
<jperl>	too bad we don't have live chart capability.....
	it's interesting to watch how the price action jiggles around the VWAP	11:48
<NihabaAshi>	Covered Remainder ER2 Short @ 829.50 --> + 0.6	11:51
	Long ER2 @ 829.60 -> small size	11:52
	I'm at a particular number of trades that requires me to take a break...	11:55
	When I close this trade I'm going to lunch and do some website work.	11:56
<X>	#FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, QQQQ, SPY)
* codehead_afk	is now known as codehead	11:57
<les>	Exited all ER2 Long @ 830.3 --> + 1.8
<NihabaAshi>	Exited ER2 Long @ 830.20 --> + 0.6
	Be back later
<pat255>	vn guys ...
* NihabaAshi	is now known as NihabaAshi_away
<les>	:))	11:58
<pat255>	i am looking for S & u guys make moeny on the L side ...sigh	11:59
<les>	pat.. there'a a nice a&e pattern at the bottom...	12:00
	so that says UP
	to me anyway :)
<pat255>	a&e?	12:01
<les>	adam & eve
<pat255>	ah ha ...i c.
<RussellDaytrade>	I thought you were gona say a..holes and elbows.
<les>	the other downmoves dont have that	12:02
<RussellDaytrade>	alright, what's an Adam and Eve?	12:03
<les>	ok, coming up with url
	http://www.hardrightedge.com/wheel/tcaea .htm	12:04
	the real expert is Alan Farley
	thats his website
	bear in mind that classic formations dont look like that in futures mkts	12:05
	and with this dip..
<RussellDaytrade>	ok thx.
<les>	i hope i dont havta eat mey words	12:06
<jperl>	basically a retest of the bottom that doesn't materialize
<les>	yup
	has intetersting features tho
	farley doesnt day this...
	but i notice that the eve segment often has increase in volume	12:07
	thing fails to push further despite the increawse, suggests buyers are in
<pat255>	ty les ..will check that	12:08
<les>	yw
<RussellDaytrade>	I am seeing pos diverenges beginning to appear, ( lower prices, lessening on selling pressures, (thats how i am defining it)), but those PD's are not quite as evident as usual, which indicates to me that this may be more of a bounce within a larger downmove, then the beginning of a new leg up.
<jperl>	price action here oscillating between two pivot points bounded by two VWAPs above and below the pivots as seen here....	12:11
	http://charts.dacharts.com/2007-05-24/JP ERL_017.png	12:12
<les>	breaktime for me now
	back later on
* les	is now known as lesAway
<Brutus>	Looks like Niha got some sushi today ?	12:47
<codehead>	huge oil lunge	13:54
	plunge
<RussellDaytrade>	pos div's have more fully developed
	could see strong up leg between now and close
	...if fails, and mkt goes off into to am's session, pos div's will become more fully impalnted, but it looks good enuf now that it may work	13:56
<codehead>	YM thru previous high, decent dow wedge	13:59
* NihabaAshi_away	is now known as NihabaAshi	14:01
<X>	#FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, QQQQ, SPY)	14:02
<eminitrader>	i wldni be bullish just yet ..	14:04
	on the ES that is
	prolly see test of the lows ...now better than later in the day...	14:06
<NihabaAshi>	By the way, yesterday I said I am Bullish until the market closes on Friday "unless" ER2 test the 827.80 price area	14:07
	It did that between 1127am - 1130am est	14:08
	Thus, I've been Neutral ever since.
<jperl>	ER2 next pivot point 824.31	14:14
	http://charts.dacharts.com/2007-05-24/JP ERL_018.png	14:15
<NihabaAshi>	Weak White Hammer line on ER2 2min chart.	14:18
	Shorts ER2 @ 825.70 -> small size
	1 contract only...not looking for much.	14:19
	Covered ER2 Short @ 826.20 --> - 0.5	14:20
	Reverse and Enter Long ER2 @ 826.20
<RussellDaytrade>	was that it? feels like it.
<NihabaAshi>	My comment was about the 3min chart having a weak hammer line but the 2min chart had a stronger hammer line...	14:21
<RussellDaytrade>	sellers outta bullets
<NihabaAshi>	Strong enough to prompt me to reverse my Short into a Long position and add 1 contract.
	Exited all ER2 Long @ 826.50 --> + 0.3	14:23
* Disconnected		14:24
* Attempting	to rejoin channel #futurestrades	14:25
* Rejoined	channel #futurestrades	14:26
<NihabaAshi_away>	Sorry...I'm having some ISP problems
<RDT>	compressed, price has worked into a corner, right here and now	14:33
<RDT>	both es and er
* DisconnectedSession	Close: Thu May 24 14:34:23 2007
	Session Start: Thu May 24 14:36:32 2007Session Ident: #futurestrades
* Now	talking in #futurestrades	14:36
* GoodMood2	is now known as goodmood	14:38
* DisconnectedSession	Close: Thu May 24 14:39:11 2007	14:39
	Session Start: Thu May 24 14:41:12 2007Session Ident: #futurestrades
* Now	talking in #futurestrades	14:41
<NihabaAshi>	Long ER2 @ 825.30 -> small size	14:42
	Long ER2 @ 824.40 -> Add	14:43
	That's the 3rd ADD I've had today that retraced after coming within 1 tick of my profit target :(	14:45
<Brutus>	Long ER2 @ 824.9 «« paper »»	14:48
<NihabaAshi>	Exited 1/2 ER2 Long @ 825.60 --> + 1.2	14:49
<ItalianSharp>	nice patience niha
<ItalianSharp>	bulls just had to re-fill the tank within the lower shadow of the last couple of intervals
<NihabaAshi>	It's an easy trade (should have been) because it occurred within the s/r zone of that 1245pm est White Hammer Line	14:50
	Exited Remainder ER2 Long @ 825.40 --> + 0.1
	If I can get $2,400 for the day...I'll call it quits.	14:52
<Brutus>	Exited 1/2 ER2 Long @ 826.2 --> + 1.3 «« paper »»
<Brutus>	Exited all ER2 Long @ 825.9 --> + 1 «« paper »»	14:53
<Awash>	howdy all	14:55
<Awash>	nice range in ES
<Brutus>	Shorts ER2 @ 825.3 «« paper »»	14:57
<Brutus>	Covered 1/2 ER2 Short @ 824.4 --> + 0.9 «« paper »»	14:58
<Brutus>	Covered all ER2 Short @ 824.9 --> + 0.4 «« paper »»
<Brutus>	Long ER2 @ 825.1 «« paper »»	15:00
* NihabaAshi:	you're not channel operator
<NihabaAshi>	Long ER2 @ 825.20 -> small size
<Brutus>	Exited 1/2 ER2 Long @ 825.3 --> + 0.2 «« paper »»	15:02
<Brutus>	Exited 1/2 ER2 Long @ 826.3 --> + 1.2 «« paper »»
<Brutus>	Exited all ER2 Long @ 826.5 --> + 1.4 «« paper »»	15:03
<NihabaAshi>	Exited ER2 Long @ 826.20 --> + 1
<Brutus>	Long ER2 @ 825.8 «« paper »»
<Brutus>	Exited all ER2 Long @ 825.8 --> 0 «« paper »»	15:04
WRB Analysis	Learn More
<Brutus>	Long ER2 @ 825.2 «« paper »»	15:05
<Brutus>	Exited 1/2 ER2 Long @ 825.8 --> + 0.6 «« paper »»	15:06
<Brutus>	Exited all ER2 Long @ 825.4 --> + 0.2 «« paper »»	15:07
<jperl>	I'm done for today....trades here....	15:08
<jperl>	http://charts.dacharts.com/2007-05-24/JP ERL_019.png
<NihabaAshi>	I got my new profit target for the day. Thus, I'm done for the day.	15:10
<Brutus>	Long ER2 @ 824.4 «« paper »»	15:11
<Brutus>	Exited all ER2 Long @ 824.3 --> - 0.1 «« paper »»	15:14
<Brutus>	Long ER2 @ 824.9 «« paper »»
<Brutus>	Exited ER2 Long @ 824.9 --> 0 «« paper »»	15:16
<codehead>	long YM 13471 <paper>	15:27
<Brutus>	5k bid at 1510 someone wants it
<NihabaAshi>	ER2 finally broke below that s/r zone	15:28
	Next s/r zone via the 15min chart is 822.20 - 819.60	15:29
<Brutus>	up till the close
<codehead>	exit YM +4 <paper>	15:30
<codehead>	whew, in between i bought 64 for real, but only took a few ticks, was nervous
<RDT>	that 819-822 is the area I was/am expecting, although I was expecting it by the close tomorrow, as usual, it is/has gotten there at a faster clip then I expected, ie, it feels like it's done most of the work	15:33
<Brutus>	those 6k bids have no effect	15:35
<RDT>	that said, just about an hour ago, it ocurred to me that 'it' may not find support at the 'usual places' this go-round, ie, a more significant mkt break, a re-shuffling of the chairs, as it were...just making note of it, usually these types of thoughts have a validity that is fairly substantial, and accurate.	15:38
<codehead>	huge volume MSFt surge	15:57
<codehead>	off 30--must be news	15:58
<NihabaAshi>	[15:29] <NihabaAshi> Next s/r zone via the 15min chart is 822.20 - 819.60	16:02
	It bounced off that 822.00 price area of the upper region of the s/r zone.
* LesC	is now known as les	16:03
<codehead>	couldn't find MSFt news	16:04
<codehead>	had alarm after it hit 30, bought Ym when i saw MSFT go off, got a few
<goodmood>	good night to all !
<codehead>	gnite	16:05
<RDT>	another buck up and this long will start paying	16:07
<codehead>	YM 13480	16:14
<NihabaAshi>	Take care all	16:51
* DisconnectedSession	Close: Thu May 24 16:51:23 2007
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