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#FuturesTrades May 28th Wednesday 2008 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+11.80	+244.40	+1686.10
$1,180	$24,440	$168,610

Eurex DAX

0845am - 0848am est

click on image to view actual size

Current Performance Record

Volatility Spike of the Day

Profit/Loss Statement

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: Wed May 28 07:33:58 2008Session Ident: #futurestrades

* Now talking in #futurestrades 07:33

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

<@NihabaAshi> Good morning all...will be back later 07:34

* NihabaAshi is now known as NihabaAshi_away

<anglo> gm 08:34

<tzar> good morning everyone 08:45

<+tzar> gm Flex 08:50

<Flex> goodmorning

<+tzar> look where nq is 08:51

morning dragon310 09:04

<rickf> gm all 09:05

<+tzar> NQ wants to stay above 2000 09:07

sup rickf 09:11

<+rickf> gm

<+tzar> gm

you watching NQ?

<+rickf> not much

<nqcruiser> GM all 09:13

* NihabaAshi_away is now known as NihabaAshi 09:14

<+tzar> KN-ES gm 09:16

<KN-ES> gm tzar

<+Flex> morning 09:17

<+KN-ES> gm

<+anglo> elvis has entered the building...gm KN.

<+KN-ES> Flex

hi anglo

<ItalianSharp> morning all 09:21

<+Flex> ciao 09:22

<+rickf> bon giorno

* sep34_away is now known as sep34 09:24

<PapaJon> gm all 09:25

<+tzar> gm PapaJon

<+nqcruiser> how do u get YM on esignal - mine is not showing data

<+PapaJon> ym requires an additional exchange fee 09:26

for now just use the index

<+nqcruiser> index?

<+PapaJon> unless u are trying to trade it.. :)

<futurible> gm all 09:27

<+nqcruiser> no i am trading es using 5 minis and dax

which index

<+PapaJon> $indu

the patterns are very close

not exact but similar

one drawback is that the index is only rth not all session 09:28

<+rickf> nq -- same setup as me :)

<+nqcruiser> but different bankroll and fear levels mate ;) 09:29

<+rickf> lol no worries

<+nqcruiser> i chicke quickly

<+rickf> i do do -- trust me :)

<+nqcruiser> quickly in quickly out

any1 from South Africa?

<drt> gm all 09:30

<+rickf> short es 1389 paper

cxl - order didnt fire

<+nqcruiser> odd year nos on nq 09:31

<@NihabaAshi> Gold and Oil getting hit out of the gate 09:32

<@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 09:33

<+KN-ES> again 09:35

scripts is not working

...........-> ** Shorts @ 1389.25 09:36

<KN-ES> Shorts ES @ 1389.25 09:37

<+KN-ES> finally

<+rickf> that's what i was expecting

<+KN-ES> -> -------Shorts @ 1389.25

<szubaark> Buys ES @ 1387.50 «« paper »»

<+KN-ES> it printed but wasnt showing i guess

Covered 3/4 ES Short @ 1387.75 --> + 1.5 09:38

s.l 2

brb 09:39

need to fix the software again

<@NihabaAshi> Long ER2 @ 735.90 -> medium size

<+szubaark> exit stop moved to breakeven ES @ 1387.50 «« paper »»

Exited all Long ES at 1389.75 --> + 2.25 «« paper »» 09:40

<@NihabaAshi> Pin Ball Machine price action 09:41

Exited 1/2 ER2 Long @ 737.00 --> + 1.1 09:42

Exited Remainder ER2 Long @ 736.40 --> + 0.5 09:43

<+KN-ES> .net framwork

sorry. wrong window

<dragon310> short er 736.30 09:44

<@NihabaAshi> Shorts ER2 @ 736.10 -> medium size

intuition

<+szubaark> Shorts ES @ 1387.25 «« paper »» 09:45

<+rickf> short es 1387 paper 09:48

<@NihabaAshi> Covered all ER2 Short @ 734.80 --> + 1.3 09:49

<+dragon310> coverer er short @ 734.7 --> +1.7

<+ItalianSharp> markets kinda nervous

<+KN-ES> Covered 1/4 ES Short @ 1385.25 --> + 4 09:50

h7

out 2 not 1/4

<+rickf> exit es 1386 +1 paper 09:51

<+KN-ES> Covered 1/4 ES Short @ 1386.25 --> + 3

h5

<+szubaark> Covered all Short ES at 1385.25 --> + 2 «« paper »» 09:55

<@NihabaAshi> Oil indices have retraced the early losses 09:58

<+szubaark> Buys ES @ 1384 «« paper »» 10:03

<+ItalianSharp> sloppy price action thus far

hey szu...that's an unusual entry for you 10:04

you changed something in your trading?

<+szubaark> no, not really.. 10:05

<+ItalianSharp> it's the first i see you buy while ES is dropping 10:06

<+szubaark> just buying what i think might be "Support"

<+ItalianSharp> that's good 10:07

much better than chasing price action :)

<+szubaark> hehe..ok i see what u mean

Exited all Long ES at 1383.25 --> - 0.75 «« paper »» 10:09

<+KN-ES> Covered 1/4 ES Short @ 1383.25 --> + 6

h4

<+szubaark> Buys ES @ 1383 «« paper »» 10:11

<+dragon310> long er 731.5

cover er 731.5 --> +0 10:20

<+KN-ES> Covered 1/4 ES Short @ 1381.25 --> + 8 10:21

h3

<+szubaark> nice KN

<pat255> vvn kn ...

<+tzar> having a good day KN-ES, eh?

<+KN-ES> thanks

<+pat255> dang all messed up ...today ..

did not trade for the last 1 week.. 10:22

<+KN-ES> computer working fine........ everything else should be ok

<+nqcruiser> what gap on 1min 10:23

<@NihabaAshi> Long ER2 @ 732.10 -> small size 10:27

2 only...intuition

<werner> gm all 10:31

<@NihabaAshi> Exited ER2 Long @ 732.30 --> + 0.2

some pin ball machine price action showed up to put a little fear in me. 10:32

<+KN-ES> 87 should be next swing high.........

i guess

<@NihabaAshi> Long ER2 @ 732.70 -> small size 10:34

1 only...intuition

<+silo> er2 bounced off globex low 10:35

<@NihabaAshi> Exited ER2 Long @ 732.00 --> - 0.7 10:38

Long ER2 @ 732.40 -> medium size 10:39

intuition

<+szubaark> easy to get shaken out in this pinball type price action 10:40

<@NihabaAshi> Exited ER2 Long @ 733.10 --> + 0.7 10:41

<+szubaark> Exited all Long ES at 1384.50 --> + 1.5 «« paper »» 10:46

<+nqcruiser> Did eminitrader called it a day and moved on 10:47

<+szubaark> not sure, he had connection problems with Mirc

<@NihabaAshi> Yeah...big time connection problems...chronic

<+nqcruiser> i have paid up version and never had probs 10:49

<+pat255> kn your trades are based on what tf chart? if u dont mid answer 10:52

<+szubaark> Shorts ES @ 1383.75 «« paper »» 10:54

<@NihabaAshi> weak resistance ER2 10:55

Long ER2 @ 733.80 -> small size 10:58

1 only...intuition 10:59

<lumenPharmer> Pat, don't think KN uses charts, i think he said he uses a 1 min to scale out 11:00

<+tzar> he looks at time and sales

<+lumenPharmer> or order book, time and sales 11:01

<@NihabaAshi> I lack the patience for this creeper like up movement that sometimes goes into a pin ball machine price action :(

<+pat255> k tthks 11:02

<@NihabaAshi> Exited ER2 Long @ 733.30 --> - 0.5 11:03

<+lumenPharmer> KN is a alien, oops now he has to kill me ;)

<+tzar> someone ones said that KN-ES moves the market with the arrow keys on his keyboard.. 11:04

<+lumenPharmer> from the planet money ;) hehhe

<+szubaark> small Volatility spike

<+lumenPharmer> lol tzar

<+tzar> for some reason .. i tend to belive that 11:05

<@NihabaAshi> Long ER2 @ 732.70 -> small size 11:08

This may be my last trade in this price action

Will go on a long lunch break and hopefully when I return...the price action is a lot smoother...up or down. 11:09

volatility contracting 11:11

<+szubaark> small Volatility spike to downside 11:12

<@NihabaAshi> Exited ER2 Long @ 731.80 --> - 0.9 11:13

Reverse and Enter Short ER2 @ 731.80

<+szubaark> hopfully we get another Volatility spike downside, before it starts contracting again 11:16

exit stop moved to breakeven ES @ 1383.75 «« paper »» 11:21

too much chop, good time to take a break

<@NihabaAshi> contracting volatility again

It's not a problem as long as the Pin Ball Machine price action doesn't show up 11:22

Lost me patience on this trade... 11:23

<Splurge> damn it first trade today and I transmit close on ninja exactly the same time my b/e stop kicks and it reversed my trade and lost me 3 ticks 11:24

<+szubaark> Covered all Short ES at 1381.50 --> + 2.25 «« paper »» 11:25

<@NihabaAshi> Covered ER2 Short @ 730.60 --> + 1.2 11:26

Houdini escape...be back later and hopefully the price action is much nicer to trade 11:27

* NihabaAshi is now known as NihabaAshi_lunch

<+KN-ES> last try b4 going down ! 84.50 11:37

humm......last swing high was 86.50

<pat255> kn your trades are based on what tf chart? if u dont mid answer .............. Pat255 dont use any charts to enter 11:38

<+pat255> ah ha ..k thks

appreciate .. 11:39

<+KN-ES> sorry, was out for lunch'

<+pat255> np

<@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

<+KN-ES> 84.25 .. 11:40

<+tzar> 84.25 what would equalent be on NQ ? 11:44

<+KN-ES> tzar, i have no idea... i dont even have any chart open 11:45

working with only 2 lcds today 11:46

<+tzar> how many usually?

<+KN-ES> normally atleast 6

for analysis and another cpu with 2 lcds for placing trade 11:47

brb 11:50

Covered 1/4 ES Short @ 1379.25 --> + 10 12:01

h2

<+rickf> back 12:03

<+tzar> KN-ES, 4 lcd for analysis.. tought you used only a 1 min chart, brain cell, and time and sales

<+KN-ES> :) 12:04

i dont use charts

<+tzar> ok

<+KN-ES> thats doesnt mean i dont use other means of analysis :)

<+tzar> :)

i see

<+KN-ES> i use market depth in one lcd

24 inch

i need to see all those bars big.... so that i dont miss things 12:05

<+tzar> what do you mean big bars?, volume bars?

<+KN-ES> nop

<+pat255> kn u look at the T/S window for entry?

<+KN-ES> BIG SIZE

<+tzar> ah i see 12:06

orders

<+KN-ES> so big that even a blind can see that

<+tzar> haha

1000+ ?

<+KN-ES> or for you, you can see those bars from the moon

big and fat bars 12:07

:)

<+tzar> i can only see 5 levels of depth, do you see more?

<+szubaark> is time & sales same as market depth?

<+tzar> level2 , dome is the market depth

<+KN-ES> nop

if you go the the analysis bar in ts

<Brutus> KN is there any software to give a 3D view of the DOM - with time?

<+KN-ES> there is a button for market depth there

Brutus, wealth lab can do that 12:08

<+Brutus> great!, any others?

<+KN-ES> try 4.0 professional

<+Brutus> ok

<+tzar> do you use any special software to see the "big fat ones"? 12:09

<+KN-ES> no Brutus, i dont see any other

tradestation and 24 inch lcd

wil give you way big and much fat bars in market depth

<+tzar> i have a 24"

<+KN-ES> great

just open a seperate desktop of ts 12:10

and maximize it.........

<+tzar> ok

<+KN-ES> with market depth box

<+tzar> i understand where you going with this 12:11

numerically speaking, what is a big order.. 1000? ( for ES)

<+KN-ES> in market depth window you hardly can see anything like 1000+ 12:12

you just see the ratio of bid and ask and bars in next few prices in the lader

time and sale will give you 100+ or 1000+ orders

<+tzar> i see 12:13

interesting

what about the other 3 lcd

<+KN-ES> in one i play chess

<+tzar> haha

is that the key for your success? 12:14

<+KN-ES> depends how you may define success 12:15

<+tzar> ;)

being disciplined i guess

KN-ES do you have msn messenger? we can play some chess togather 12:17

used to play chess a lot 12:18

<+KN-ES> :)

i will install it

<+tzar> great 12:19

<+KN-ES> well, if you play with me then you will have to define success again......... it will be hell easy for you :)

<+tzar> you are just being nice

<+ItalianSharp> any news leaked out that caused this upthrust 12:20

<+KN-ES> well, i dont think i will have work hard to prove myself.......its just come automatically........

:)

<+tzar> there is only one way to find out :)

no kidding ItalianSharp

something mustve happend

<+ItalianSharp> YM rebounded by 40pts in a matter of 5-6 mins 12:21

<+tzar> i think KN-ES pressed the wrong arrow key

<+ItalianSharp> lol

<BigDawg291> lol

<+KN-ES> and i can gurantee your success when its chess playing against me :)

<+ItalianSharp> and this is an unusual time of the day to get that kind of rebounds

FED member yellen was due up at 11.50am...

<+tzar> yes, its lunch time 12:22

<+ItalianSharp> maybe he caused this

<+KN-ES> well, lets try it other way

we are making lower highs........ 86.50 84.25 ..

<+tzar> thats true

whats the next high?

8.50?

<+ItalianSharp> whatever it was, i would love to know

<+tzar> 83.50

<+KN-ES> so we are still in downtred as long as we are below 93.25

* codehead_afk is now known as codehead 12:29

<+tzar> KN-ES, thats 2 lcd remaining ;)

<Guest> Shorts ER2 @ 732.8 «« paper »» 12:32

<+KN-ES> tzar, i mainly trade dax..... so i have my dax analysis 12:35

<+tzar> ahh i se 12:37

see

<+rickf> dax is the es on crack :( 12:38

<+tzar> how come you like dax more

why do you say taht rickf

<+KN-ES> coz dax is more challenging

<+rickf> a 'wiggle' on the es is nothing like a 'wiggle' on the dax in terms of points/movement/motion

<+KN-ES> :)

dax and hsi are much more interesting compare to es or er 12:39

way much more

<+rickf> i've traded it virtually and it frankly is beyond my comfort level

i heard that if the dax is the es on crack, then the hsi is the dax on crack :)

<+KN-ES> well, it takes time to get used to with all those quick and massive moves

yes

his is the best

we are not allow to trade his emin 12:40

i

thats one problem

in that sense dax is pretty resonable

i have a dax trade vedio somewhere...........will post it in the forum if i can figure it out how to edit it 12:41

video

<+rickf> brb

<rep1acs> kn how big is ur stop loss on dax normally? cuz i see it can move 10 ticks just for fun..

<+KN-ES> depends 12:42

i use swing high lows

but usually its arround 5 points

<+tzar> how much is it per point? 12:43

<+rep1acs> i can see i'd get whipsawed if i use stop loss for less than 5pts..

<+KN-ES> :)

i dont post dax trades here anymore...... i dont see if anyone else trades dax here 12:44

<+rep1acs> do u trade dax during the europe session?

<+KN-ES> both eruope and us

till 12 pm

<+rep1acs> i like it but its too volatile for me :(

<+KN-ES> after 12 it goes cash...... volatility and liquidity drops like hell 12:45

<+tzar> going to the gym now, see you at around 2 oclock

<+KN-ES> take care

i like the volatility

dax is a nice insrument for scalping

<+rickf> sorry had to nuke lunch and flip landury 12:46

back

<+KN-ES> easliy can gain 5-15 ticks

and if its trending then.....its a huge plus

<+rep1acs> yeah

<+KN-ES> i think i got 132 points in one trade....

<+rep1acs> i occassionally check the charts

<+rickf> i find dax great leading indicator for es 12:47

<+KN-ES> :)

<+rickf> in the us am session

<+rep1acs> if u get in the right trend..wowwwwwwwww

=)

<+rickf> :)

<+KN-ES> es is very very very very slow compare to dax

<+rickf> penchant for understatement, you have

:)

<+rep1acs> i dont trade us stock indices...too slow..

<+KN-ES> sorry rickf 12:48

:)

<+rickf> hehe

tho star made the shift to the nq, perhaps he sees somethign there we dont :) 12:49

when i got here he was a 'star' es trader as i recall :)

<+KN-ES> i tried 15 contracts once. got filled in 15 different places :(

<+rickf> wow

<+KN-ES> in es, 40+- contracts get filled without any problem 12:50

<+rickf> did that virtually a few times just "for fun" -- we can all aspire to that level of greatness

<+KN-ES> well, if you ask, its way too easy if you have more contracts 12:51

if i start trading now with 1 contracts, i m sure i wont survive even a day

<+rickf> problem imo with trading large lots is this -- 12:52

<+Flex> I can trade FDAX on Eurex but i think it stops trading at 1100ET 17:00 local

<Bear> hello..i bought the 3 strategies from a while but i still have some difficulty in understanding it...maybe here i can learn something...do u trade forex here???

<+rickf> when i did that virtually (30-40 es contracts) i would see action in my favor, proclaim "wow!" and exit based only on the dollar amount

not on my strategy 12:53

<+Flex> Bear I just bought STR olast weekend, I am a total rookie but we can try to learn together if you like

<+KN-ES> <Flex> I can trade FDAX on Eurex but i think it stops trading at 1100ET 17:00 local ............. yes Flex...... then it goes cash

<+Flex> so you stop trading it before 11:00am KN ? 12:54

<+KN-ES> i stop trading by 12

<+Flex> ok

<+rickf> i sop using it as an 'indicator' by 12 as well

<+Bear> flex..yeah sure..but i still dont understand the WRB..its so complicated..a lot of ideas

flex..the other strategies are based on WRB i guess 12:55

<+Flex> Bear I started WRB as well

WRB is the most important part

the fundamentals

the basement

<+Bear> flex..that what i hope to understand it here

<+rep1acs> KN do u trade dj euro stoxx? 12:56

<+Flex> we will :)

<+KN-ES> rickf, you will have to start with 1 contracts.........then add 1 more at a time in each 2/3 weeks

may help

<+Bear> flex..i just trade forex currencies...you?

<+Flex> Bear I am just trying to learn to trade something 12:57

<+KN-ES> rep1ace, no i dont trade but follow stoxx 50.

<+rickf> oh i am comfy running 8 now -- but when i did the big lots "just to see" I was in a whole 'nother league....again, working up to that, used to run 4

<+Bear> flex..hope u will

<+KN-ES> cool

<+rep1acs> KN is it a bit slower than dax? 12:58

<+Flex> I traded Forex but mainly to hedge my usd account because in the last 18 months USD behaved worse than romanian Leu

<+KN-ES> to me, yes

<+Bear> at what time Mr. Niha comes to this room..anyone knows ??

<+rickf> i do occsional fx trades pre-market, but it's nothing planned, usually momentum scalps based on news

usually close them out by 11AM

<+Flex> now I am studying STR to trade Index Futures, ES, YM 12:59

<+KN-ES> but stoxx is very very volatile and luquid...... you shouldnt have any problem trading

<+Bear> these strategies are for every market ? 13:00

<+Flex> for markets listed in WRB pages let me check...

<+KN-ES> rep1ace: you may follow ftse if you are planning to trade stoxx....... they follow each other close 13:01

<+Bear> flex..i red on the forum that can be on any market...but Niha said that they dont have the time to trade all markets 13:02

<+Flex> let's say that Niha "guarantees" these strategies for markets they have already tested such as futures FX and so on 13:03

<+szubaark> Shorts ES @ 1382.75 «« paper »»

<+Flex> but not any

there is a list somewhere

<+Brutus> http://www.elitetrader.com/vb/showthread .php?s=&threadid=126809 13:04

<+Flex> Bear join the swingtradingTSL room 13:05

it is the dedicated room to STR users

<+KN-ES> thanks Brutus, nice post

<+Flex> I can't find that list now but I am sure it included FX, Index Futures

not stocks 13:06

<+Bear> flex..thanks 13:07

<+Flex> yw

you can find the SwingTradingTSL room password in your reserved forum area

<+Bear> ok 13:08

<V_trader> Shorts YM @ 12552 -> small size 13:29

<Widgetman> 559 line for me to try 13:30

<+Widgetman> I got up cycle YM fwiw

<+szubaark> they keep poking for Stops, lunch time 13:31

<+Widgetman> y

I got my 59 short 13:32

stop 68

540 ideal tgt

<+szubaark> Vtrader nice entry at the Fibz 13:33

<+Widgetman> flat 1/2

stop 56 last

55

53

50

49

<+rickf> short nq 1994.25 paper

<+Widgetman> chasin

hehe

love chasin a winnin trade

flat 13:34

<+V_trader> exit stop moved to breakeven YM @ 12552

<+rickf> exut nq 1992 +2,25 paper

<+Widgetman> hang in there V

<+rickf> er exit

<+szubaark> rick, switching to NQ? 13:35

<+rickf> papertrading it a fw times yeah

want to get a feel for it -- seems more 'smooth' than es

<+szubaark> yeah, but they change it, when its choppy, its nasty

<+Widgetman> lol 13:36

they all nasty

<+rickf> when ANYTHING's chopy it's nasty

<+Widgetman> here comes40

YM

may bounce it

<+V_trader> Covered 2/3 YM Short @ 12542 --> + 10

<+Widgetman> wtg

<+rickf> vn 13:37

<+V_trader> Covered Remainder YM Short @ 12545 --> + 7 13:38

Long YM @ 12546 -> large size

<+rickf> short nq 1990.75 paper 13:41

<+szubaark> rick nice thing about NQ is tick is only $5 a pop

<+rickf> yep

<+V_trader> Long YM @ 12532 -> Add 13:42

<+szubaark> ES back to the prior Congestion area

<@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

<+rickf> exit nq 1389.75 +1 paper 13:46

* Spartan_Away is now known as Spartan

<+Spartan> Long ER2 @ 723.3 -> small size «« paper »» 13:47

Exited all ER2 Long @ 723.3 --> 0 «« paper »» 13:48

Long ER2 @ 732.3 -> small size «« paper »»

<+V_trader> Exited all YM Long @ 12526 --> - 26

<+Spartan> Exited all ER2 Long @ 731.4 --> - 0.9 «« paper »» 13:52

<+BigDawg291> Shorts ES @ 1382.25 13:54

<+szubaark> Covered all Short ES at 1382.75 --> 0 «« paper »» 13:57

Buys ES @ 1382.75 «« paper »»

<+Spartan> Long ER2 @ 732.1 -> small size «« paper »» 13:58

<+szubaark> Exited all Long ES at 1382.50 --> - 0.25 «« paper »» 14:00

stuck in the mud

<+Spartan> Long ER2 @ 732.1 -> Add «« paper »» 14:03

<MK> Covered ER2 Short @ 732.5 --> + 0.3 «« paper »» 14:07

Reverse and Enter Long ER2 @ 732.5 «« paper »»

<+szubaark> Buys ES @ 1382.75 «« paper »» 14:08

<+Spartan> Exited 1/2 ER2 Long @ 733.1 --> + 1 «« paper »»

<+szubaark> exit stop moved to breakeven ES @ 1382.75 «« paper »» 14:11

<+Spartan> exit stop set ER2 @ 732.6 «« paper »» 14:12

<+MK> Exited all ER2 Long @ 733.6 --> + 1.1 «« paper »» 14:13

<+szubaark> big boys must be still on lunch LOL 14:14

<+Spartan> hopefully their stops get ran over while they are feeding their faces 14:15

<+rickf> suits me fine, i'm finally getting my volume bars colored correctly :)

<+szubaark> Spartan im sure their laptops are not far away

<+BigDawg291> Shorts ES @ 1383.75 -> Add 14:16

<+szubaark> Exited all Long ES at 1382.75 --> 0 «« paper »»

<+MK> Shorts ER2 @ 733.2 «« paper »»

<+Spartan> szu-true, they wouldn't be big boys if they weren't watching their stops

Exited all ER2 Long @ 732.6 --> + 0.5 «« paper »» 14:18

<+BigDawg291> Covered all ES Short @ 1381.50 --> + 3 14:19

<Bear> YM? 14:21

<+szubaark> Shorts ES @ 1381 «« paper »» 14:22

<+MK> Covered all ER2 Short @ 731.8 --> + 1.4 «« paper »» 14:23

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)

<+Spartan> Long ER2 @ 732.5 -> small size «« paper »» 14:24

Long ER2 @ 732.5 -> Add «« paper »» 14:26

<+MK> Long ER2 @ 732.2 «« paper »»

<+rickf> long nq 1991 paper 14:37

<+szubaark> Covered all Short ES at 1383.50 --> - 2.5 «« paper »» 14:38

Buys ES @ 1383.50 «« paper »»

hopefully its not a fakeout LOL

<+rickf> exit 1/2 nq 1993 +2 paper

exit nq 1992.25 +1.25 paper 14:39

<+MK> Exited all ER2 Long @ 733.6 --> + 1.4 «« paper »» 14:40

<+Spartan> Exited 1/2 ER2 Long @ 733.9 --> + 1.4 «« paper »» 14:41

<+rickf> funny the es/er/nq are all bouncing off that fib line

talk about syngergy 14:42

<+Spartan> seems like es is holding the open 1380.75 very nicely

<+MK> Shorts ER2 @ 733.3 «« paper »»

<+szubaark> we getting some strong bounces off the lows, lets see if bears throw in the towel 14:44

<+MK> Shorts ER2 @ 733.8 -> Add «« paper »» 14:45

<+rickf> the es is bouncing off the PP all day, actually

<+Spartan> Exited Remainder ER2 Long @ 732.7 --> + 0.2 «« paper »» 14:52

* NihabaAshi_lunch is now known as NihabaAshi 14:57

<+Spartan> Long ER2 @ 733 -> small size «« paper »» 14:58

<+szubaark> lets see if the 3pm bunch get this moving 14:59

exit stop moved to breakeven ES @ 1383.50 «« paper »» 15:04

<+tzar> NihabaAshi you back? 15:05

<+MK> Shorts ER2 @ 734.4 -> Add «« paper »»

<+Spartan> exit stop set ER2 @ 733.5 «« paper »»

exit stop raised ER2 @ 734 «« paper »» 15:07

Exited all ER2 Long @ 734 --> + 1 «« paper »» 15:10

<@NihabaAshi> Shorts ER2 @ 733.80 -> small size 15:11

<+szubaark> Exited all Long ES at 1383.50 --> 0 «« paper »» 15:12

Shorts ES @ 1383.50 «« paper »»

<+Spartan> Shorts ER2 @ 734 -> small size «« paper »» 15:13

<startrader> Shorts NQ @ 1992.50 15:17

<+Spartan> initial stop 735

735.1 15:18

<@NihabaAshi> Covered ER2 Short @ 734.80 --> - 1 15:19

<+MK> Shorts ER2 @ 734.8 -> Add «« paper »»

<+szubaark> Pinball type price action 15:22

<@NihabaAshi> Yep

Geeesh 15:25

<+rickf> :(

<@NihabaAshi> Will stay at 1 contract after seeing that :)

<+szubaark> Covered all Short ES at 1387 --> - 3.5 «« paper »» 15:26

Buys ES @ 1387 «« paper »»

<+Spartan> Covered ER2 Short @ 735 --> - 1 «« paper »»

Reverse and Enter Long ER2 @ 735 «« paper »»

<@NihabaAshi> Long ER2 @ 735.50 -> small size

intuition

<+szubaark> sneaky zig-zagging breakout 15:27

<+rickf> grr

<+Spartan> see if er2 tests high 15:28

exit stop set ER2 @ 736 «« paper »» 15:30

<@NihabaAshi> Exited ER2 Long @ 737.00 --> + 1.5 15:32

<+rickf> long nq 1999.25 paper 15:33

<+Spartan> exit stop raised ER2 @ 736.9 «« paper »» 15:34

Exited all ER2 Long @ 736.9 --> + 1.9 «« paper »» 15:35

<+rickf> exit nq 2000 +.75 paper

<+szubaark> Exited all Long ES at 1388 --> + 1 «« paper »» 15:42

<+Spartan> Long ER2 @ 735.7 -> small size «« paper »»

<@NihabaAshi> Shorts ER2 @ 736.00 -> small size

intuition 15:43

<+szubaark> Shorts ES @ 1388 «« paper »»

<@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 15:45

<@NihabaAshi> Covered ER2 Short @ 735.90 --> + 0.1 15:46

<rotor> Long ES @ 87.25 «« paper »»

<@NihabaAshi> Trade entry too close to a weak support area 15:47

Lucky to get a tick

<+rotor> Exited 1/3 ES Long @ 89 --> + 1.75 «« paper »» 15:48

<+szubaark> Covered all Short ES at 1389.75 --> - 1.75 «« paper »» 15:49

<+rotor> Exited 1/3 ES Long @ 89.25 --> + 2 «« paper »»

<+szubaark> Buys ES @ 1389.75 «« paper »»

<+rotor> Exited 1/3 ES Long @ 89.75 --> + 2.5 «« paper »»

<+szubaark> late in the day 15:50

<+MK> Shorts ER2 @ 737 -> Add «« paper »»

<+Spartan> Exited all ER2 Long @ 737.9 --> + 2.2 «« paper »» 15:52

<+rickf> wtg spartan 15:55

<+MK> Shorts ER2 @ 738.4 -> Add «« paper »»

<+rickf> short es 1390.50 paper sm sz 15:56

<+Spartan> thanks rick, was feeling it today 15:57

finally

<+MK> Shorts ER2 @ 738.5 -> Add «« paper »» 15:58

<+rickf> exit es 90.50 b/e paper 15:59

lucky - chart froze :(

that last trade shouldn't have even happened. 16:01

<+Brutus> http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={a22dd 733-3068-4759-af0a-c69f979b4239}

<+szubaark> Exited all Long ES at 1391.50 --> + 1.75 «« paper »» 16:02

<+rickf> nice szu

<+szubaark> thanks.. too late in the day.. overtraded today..oh well

* szubaark is now known as szubaark_away 16:03

<+MK> Covered all ER2 Short @ 737 --> - 2.2 «« paper »» 16:05

<+rickf> funny thing i was pretty good on my nq entries -- problem was they were only 1, 1.5pt scalps :)

<+werner> gn all 16:14

<+rickf> cya

<+werner> :) 16:15

<@NihabaAshi> Take care all and see all tomorrow 16:16

<+rickf> seeya

<T-stop> tks, cya

* NihabaAshi is now known as NihabaAshi_away

<+rickf> bingo 16:23

gn all - see you tomorrow 16:25

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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

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