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#FuturesTrades June 6th Friday 2008 Trade Log

 

Russell 2000 Emini ER2 Futures

Today Month Year
+20.70 +78.40 +1787.40
$2,070 $7,840 $178,740

Eurex DAX

0500am - 0600am 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
  
Session Start: Fri Jun 06 09:24:50 2008Session Ident: #FuturesTrades
* Now talking in #FuturesTrades09:24
<@X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<tzar> gm NihabaAshi
<rickf> so formal :)09:25
<+rickf> morning niha, all
<+tzar> lol09:26
i got a nick autocomplete
<+rickf> hehe nice
<+tzar> just type first letter of a nick and then press tab
if you have mIRC you have it too
<PapaJon> gm all
<+rickf> nope - running a mac09:29
<drt> gm everyone
<+tzar> ouch rickf
one day youll get a pc
one day09:30
<+rickf> grrrrr *hugs his mac*
* sep34_away is now known as sep34
<+rickf> as an it security person i despise windows
<lumenPharmer> oil going to kill us ;(
<anglo> gm09:31
<Flex> gm all09:39
<+tzar> gm Flex

anglo
<HK>  Covered all ER2 Short @ 756 --> + 10 «« paper »» 09:41
<+rickf> wtg
<+tzar> woah HK09:42
awesome job
<+HK> holding from yesterday
<+tzar> huge guts
<+rickf> short es 1393 paper sm sz09:48

exit 1/2 es 1391 +2 paper09:51
<szubaark> nice entry rick
<+rickf> exit remainder es 1391.50 +1.5 paper09:52

thx szu
<dragon310>  Shorts NQ @ 2037 09:56
<@NihabaAshi>  Shorts ER2 @ 753.70 -> large size 09:57

I screwed that one up big time...09:58
<+szubaark> News at 10 coming up
<+tzar> what news09:59
<+szubaark> Expecting Volatility spike soon, either Up or Down
<+dragon310> what was the news at 10?10:01
<+szubaark> Wholesale
<+dragon310> not good?10:02
<@NihabaAshi>  Covered 2/3 ER2 Short @ 752.30 --> + 1.4
My lucky trade of the week :)
<+szubaark> what matters is how the marker "reacts"
<+tzar> nice NihabaAshi
<@NihabaAshi> I get at least 3 of them per week...haven't had one all week until now.
<+tzar> how many contracts?
<+szubaark> [09:58] <NihabaAshi> I screwed that one up big time...10:03

can u explain..
<@NihabaAshi> 6 only...didn't fell confident going with 9
* +subq -=market profile charts for today=- http://www.charthub.com/chart/search/mpc hart10:04
<+rickf> shorted es 1388.50 out 1386.50 +2 paper10:05
<@NihabaAshi> szu...order was in for 753.70 when it should have been for 754.70
<+rickf> (late post)
<@NihabaAshi> Simply, I lost an entire point per contract and almost dumped it for a small loss when it tried to shake me out.10:06
<+szubaark>  Buys ES @ 1384.50 «« paper »»
<+rickf> shorted e 1385 paper
<@NihabaAshi>  Covered ER2 Short @ 749.00 --> + 4.7 10:07
Holding 1 contract remainder
<+rickf> exit es 1393 +2 paper
<@NihabaAshi> My greed target is 747.40 and I didn't exit when it tested it :(10:11
2nd error of the day all in the same trade :(
Covered Remainder ER2 Short @ 749.50 --> + 4.2 10:13
<+dragon310>  Covered 1/2 NQ Short @ 2027 --> + 10 10:16
<+szubaark> nice dragon10:17
<+rickf> wtg
<+dragon310> my traget is around 2021
if it gets there
<+szubaark>  exit stop moved to breakeven ES @ 1384.50 «« paper »» 10:20

Exited all Long ES at 1386.50 --> + 2 «« paper »» 10:22
<+rickf> nice szu
base hit :)
<+szubaark> thanks
<+dragon310>  Shorts ER2 @ 750.80 10:23
Covered all ER2 Short @ 750.6 --> + 0.2 10:24
Shorts ER2 @ 750.30 10:27
<+rickf> short es 1385 paper
<+szubaark>  Shorts ES @ 1384 «« paper »» 10:28
<+dragon310>  Covered 1/2 ER2 Short @ 750.4 --> - 0.1 10:29

opps

Covered 1/2 ER2 Short @ 749.4 --> + 0.9
<@NihabaAshi>  Shorts ER2 @ 749.60 -> small size
<+rickf> exit 1/2 es 1383 +2 paper10:30

h4
<+szubaark> nice trades rick
<+rickf> ty
<@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.htm10:31
<+rickf> exit remainder es 1383.50 + 1.50 paper
<+dragon310>  Covered Remainder ER2 Short @ 749.8 --> + 0.5 10:32
<KN-ES> gm10:33
<@NihabaAshi>  Covered ER2 Short @ 750.60 --> - 1
<+rickf> zup kn
<+HK>  Long ER2 @ 750.9 «« paper »»
<+KN-ES> hi rickf
<+Flex> morning
<+KN-ES> gm Flex10:34
<+dragon310>  Covered Remainder NQ Short @ 2028 --> - 1277.7
<+szubaark> Pinball type Price Action
<+KN-ES> :)
its already done the move.......
<+rickf> kn - thought of you this morning, did 2 nice dax scalps pre-market :)
<+KN-ES> hahaha
<+dragon310> hmm how do you switch from contract to conctract with the script?
<@NihabaAshi>  Long ER2 @ 751.00 -> small size
<+KN-ES> i took out i think 122 points in dax this morning10:35
<+rickf> if i stayed in on my first one, i'd have had like 25-30
* +rickf took like 5 and 8 or something like that and was happy :)
<+KN-ES> :)
<+tzar> daaamn KN-ES10:37
<+KN-ES> http://thestrategylab.com/forum/index.ph p?topic=363.msg831#msg831
i have posted the chart for anglo
<+tzar> KN-ES

how was the ES play
<+KN-ES> was trading dax, didnt bother to change.10:38
<+tzar> 122 points.. how many contracts10:39
<+KN-ES> 8
its in the chart..all the entry and exit
<+tzar> oh damn
<+KN-ES> follow the link
<@NihabaAshi> Pin Ball Machine price action :(10:40

volatility starting to decline too
<+tzar> nice KN-ES
<@NihabaAshi> Could get messy here soon
<+szubaark> yeah, starting to feel like Friday
<+HK>  Exited ER2 Long @ 751 --> + 0.1 «« paper »» 10:41

Reverse and Enter Short ER2 @ 751 «« paper »»
<+szubaark>  exit stop moved to breakeven ES @ 1384 «« paper »»
<+tzar> KN-ES did you make 50K on that trade?
<+KN-ES> you have the chart now, just calculated if you are that interested :)10:42
<+tzar> i did calculate

just cannot comprehend
<+anglo> I made 1 rouble.
<@NihabaAshi>  Exited ER2 Long @ 750.50 --> - 0.5 10:43

Shorts ER2 @ 750.30 -> medium size
<+rickf> funny -- my 2 dax trades were right in between yours, int he 6820-10 range
<+KN-ES> looks like it will be dead day for trading10:44

:)
<+szubaark> yup, big Overnight drop and now at opening, Volatility should start to Decline shortly
<+KN-ES> well rickf, i tried to get out once then figured it out that that was a pull back, so got back in again10:45
<+rickf> right. i was tempted to let 1 contract ride, but chickened out. still green, but left that nice drop on the table. ah well, live-n-learn10:46
<+tzar> KN-ES, so this is a day to remember eh ?
<@NihabaAshi>  Covered ER2 Short @ 750.80 --> - 0.5
<+KN-ES> thats every first friday of every month..........

i try
<+HK>  Covered all ER2 Short @ 750.6 --> + 0.4 «« paper »» 10:47
<+tzar> lol
<@NihabaAshi>  Long ER2 @ 751.40 -> large size
<+tzar> are you done for the day?10:48

are you done for the day?
<+szubaark> Hopefully im not getting too greedy waiting for a WRB in this chop
<KN_ES> most likely, if i see something only then.......10:49
<+rickf> i'm prolly done -- though spending part of today looking for "stock on sale" for my equity/option portfolio perhaps
<@NihabaAshi>  Exited ER2 Long @ 751.80 --> + 0.4

:(
<+KN-ES> having trouble with mirc again
:(
<+szubaark>  Covered all Short ES at 1384 --> 0 «« paper »» 10:50
<+tzar> i can se tht
how much were you looking to make?
on that dax
and was ther enews or something?
<+rickf> it moved on the 830 job numbers10:51
<+KN-ES> it was payroll report
<+rickf> ah yeah sorry
<+KN-ES> first friday of the month10:52
<+tzar> but it wasnt that great
<+KN-ES> its was so bad...................
<+tzar> oh

i get it
<@NihabaAshi>  Long ER2 @ 752.00 -> small size
<+KN-ES> worst since 1986
<+tzar> therefore the fall
really
<+rickf> plus a lot of folks who were short covered yesterday and maybe were long into the report thinking it would be okay

so if long, thy were on the wrong side this morning10:53
<+rep1acs> i got 40 ticks from dax from the report, but gave them all away
<+KN-ES> there was another report on oil reserve
<+rep1acs> :(
<+rickf> ok - back later, heading to the gym
<+tzar> KN-ES so is this your biggest day yet so far?10:54
<+szubaark>  Shorts ES @ 1383.25 «« paper »» 10:55
<+HK>  Shorts ER2 @ 751.3 «« paper »» 10:57
<@NihabaAshi> low volatility and pin ball machine price action...10:58

Not a good mix :(

Exited ER2 Long @ 751.30 --> - 0.7 10:59
<+dragon310>  Shorts ER2 @ 750.8 11:00
<@NihabaAshi>  Shorts ER2 @ 750.80 -> medium size
<+szubaark> Oil testing Intraday Highs11:01
<werner> hi all11:02
<+szubaark> hi werner
<@NihabaAshi> I would be very nice if the market feels sorry for me ang gives me +1 point minimum on these contracts11:03
<+werner> hi szu
<@NihabaAshi> :)

Always a struggle in low volatility pin ball price action.11:04
<+szubaark>  exit stop moved to breakeven ES @ 1383.25 «« paper »»
<@NihabaAshi>  Covered 3/4 ER2 Short @ 749.60 --> + 1.2 11:06
<+szubaark>  Covered all Short ES at 1380 --> + 3.25 «« paper »» 11:07
Finally got my WRB Profit Target
<+HK>  Covered all ER2 Short @ 748.9 --> + 2.4 «« paper »»
<@NihabaAshi>  Covered Remainder ER2 Short @ 748.70 --> + 2.1 11:08
<+dragon310>  Covered all ER2 Short @ 748.8 --> + 2 11:09
<+HK>  Long ER2 @ 749.1 «« paper »» 11:10
<+KN-ES> nice trades11:11
<+HK>  Exited ER2 Long @ 749 --> - 0.1 «« paper »» 11:12
Reverse and Enter Short ER2 @ 749 «« paper »»
<@NihabaAshi> Yeah...only 3 winners today out of 7 trades but up +16 ER2 points.
<+KN-ES> cool
<@NihabaAshi> Winners had the size while losers were on smaller size along with the losses kepted to the minimum11:13
<+szubaark> Also, did you go heavier on the reversals after a Loser?
<@NihabaAshi> Position Size Management saving my butt today11:14
<+HK>  Covered ER2 Short @ 747.8 --> + 1.2 «« paper »» 11:15
Reverse and Enter Long ER2 @ 747.8 «« paper »»
<@NihabaAshi> Back to back dark hammer lines in NQ 3min chart11:16

weak support trying to form
<+HK>  Exited ER2 Long @ 746.4 --> - 1.4 «« paper »» 11:17
Reverse and Enter Short ER2 @ 746.4 «« paper »»
<@NihabaAshi>  Long ER2 @ 746.70 -> small size 11:18

Exited ER2 Long @ 748.00 --> + 1.3 11:24
<+dragon310>  Shorts NQ @ 2020 11:25
<+HK>  Shorts ER2 @ 747.8 -> Add «« paper »» Session Close: Fri Jun 06 11:26:23 2008
 Session Start: Fri Jun 06 11:26:23 2008Session Ident: #FuturesTrades
* Disconnected 11:26
* Attempting to rejoin channel #FuturesTrades11:27
* Rejoined channel #FuturesTrades11:28
<@X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTra desChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrad es.htm
<@NihabaAshi_away> sorry...got disconnected
* NihabaAshi was kicked by NihabaAshi_away (NihabaAshi)
<+dragon310> wow this going to be crazy if ym breaks 1230011:29
<+szubaark> whats the Limit Down on ES?
<+dragon310> i think 5%, 10%, 15%, 20%11:30

Covered all NQ Short @ 2016.25 --> + 3.75 11:32
<+szubaark> nice dragon
Buys ES @ 1378 «« paper »»
<+dragon310> thk11:33
<+szubaark>  exit stop moved to breakeven ES @ 1378 «« paper »» 11:37
* NihabaAshi_away is now known as NihabaAshi11:40
<+szubaark> Expecting Volatility spike soon, hopefully to upside, Im Lonfg11:46
Exited all Long ES at 1381 --> + 3 «« paper »»
* szubaark is now known as szubaark_Away11:47
<+rickf> bak
<+dragon310>  Shorts YM @ 12361 11:48
<+HK>  Shorts ER2 @ 750.4 -> Add «« paper »»
<@NihabaAshi>  Long ER2 @ 749.70 -> small size 12:01

1 only...intuition
<KN-ES>  Long ES @ 1379.50 12:02
<+KN-ES> sl 1

Exited ES Long @ 1379 --> - 0.5 12:05

Reverse and Enter Short ES @ 1379

s.l 1
* codehead_afk is now known as codehead
<@NihabaAshi>  Exited ER2 Long @ 749.00 --> - 0.7 12:06
<+KN-ES>  Covered 3/4 ES Short @ 1378 --> + 1 12:07
<@NihabaAshi>  Long ER2 @ 749.60 -> small size 12:11

2 only12:12
<+KN-ES>  Covered ES Short @ 1379 --> 0
Reverse and Enter Long ES @ 1379
s.l 1
Exited ES Long @ 1379 --> 0
Reverse and Enter Short ES @ 1379
s.l 112:13
<@NihabaAshi> I think I'm having ISP problems...data stopping and than spiking...

Will ping monitor my ISP for awhile and if I don't like what I see...12:14

I'm done for the trading day.
<+KN-ES>  Covered ES Short @ 1379.50 --> - 0.5 12:16
Reverse and Enter Long ES @ 1379.50
<+dragon310>  Covered all YM Short @ 12345 --> + 16
<@NihabaAshi>  Exited ER2 Long @ 750.40 --> + 0.8 12:18
Shorts ER2 @ 750.00 -> small size 12:19
1 only
:(
<+dragon310>  Shorts NQ @ 2022 12:20
<@NihabaAshi> Had an entry at 750.30 as a position reversal then my data stopped for about 2 seconds
<+dragon310>  Shorts ER2 @ 750.50
<+rickf> short es 1378 paper sm sz12:21
<+dragon310> stops are in going for a break im tired of er running around on the screen
<@NihabaAshi> order change12:22
want 749.00
:)12:23
Covered ER2 Short @ 749.00 --> + 1
Reached my profit goal for the trading day and I have some data problems now12:24
<T-stop> nice work
<@NihabaAshi> Also have a positive win:loss ratio for the day although win:loss ratios are NOT important to me.12:25
I'm more concerned with my position size management
<+T-stop> So sm size for low volitilaty, lg size for high vol?12:26

or do you mean partials
<@NihabaAshi> Position Size Management is more than just volatility analysis...12:27
<+T-stop> k12:28
<@NihabaAshi> It's every thing under the kitchen sink :)
<+codehead> long YM 12320

<paper>
<@NihabaAshi> For example...if I was coughing like crazy today like I was late afternoon yesterday...
<+codehead> stop 12299 <paper>
<@NihabaAshi> I wouldn't be doing any large size positions today.
Simply, distractions also have impact on my position size.12:29
Spouse and kids not here today...
<+T-stop> k

I know all about distractions
<+rickf> exit es 1377 +1 paper12:30
(late post)
<@NihabaAshi> Was able to do a few large size positions today and be a little more aggressive because I had more focus on the task of trading.
<+codehead> exit half YM +11 <paper>12:32
raise stop b/e on remainder
12359 target
(first target)
<@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.htm12:37
<+codehead> raise stop 23
12339 <paper>
exit YM +29 <paper>12:39
mainly cuz i gotta work, still in bounce
got within 3 of target12:40
<+rickf> not bad - not being greedy
<+codehead> did take one real trade for a few before that, but gotta get some work done and didn't want to get trapped in a trade--have fun12:41
<+rickf> long es 81.25 paper sm sz12:46
<+codehead> YM has geometry targets at 12359 and 12360, should pop it thru...12:49
but it's battle that previous high12:50
<+HK>  Shorts ER2 @ 751.3 -> Add «« paper »» 12:51
<+rickf> exit es 1380.75 paper -.5012:52
gotta reboot
er restart platform
<+codehead> Ym keeps stalling around 12332 both directions12:54
<+rickf> back on12:55
<+codehead> crude 13513:02
<+rickf> short es 1377.50 paper sm sz13:03
exit es 1376.25 +1.25 paper13:05
looking for lower still13:06
<+dragon310> back13:09
<+rickf> short es 1376 paper sm sz
<+codehead> crude 135.850
<+rickf> exit es 1375 +1 paper
<+codehead> 135.975--screaming13:10

136+--wow
<+dragon310>  Covered all ER2 Short @ 746.6 --> + 3.9 13:11
gotta go
done for today good luckys guys13:12
<+codehead> looking like dow tired of going down despite oil
<+rickf> biggest 2-day spike in 6 years
<+codehead> 136.625, backing off now
<+rickf> http://www.bloomberg.com/apps/news?pid=2 0601087&sid=aO8uvEvuKL0k&refer=home
<+dragon310>  Covered all NQ Short @ 2014.50 --> - 1264

lol

+ 613:13
<+HK>  Covered all ER2 Short @ 747.5 --> + 2.7 «« paper »» 13:14
<+rickf> vn
<+codehead> oil futs halted?13:15
<+rickf> guess all the oil shorts squared their pos before the weekend lol

qm halted on my end
<+codehead> got close to limit
but was a point away yet i think
moving again
<+rickf> moving again
<+rep1acs> is oil always volatile like that?13:16
or just today?
<+rickf> these days, hell YEAS

YES
<+rep1acs> i'm watching the DOM..omg13:17
<+rickf> even dennis gartman wont touch it these days, and he's traded crude futs for decades

qm moves fast at times, but these days it's the speed and RANGE of the moves that's bizzare and more than a bit scary
<+codehead> yesterday was biggest $ move in oil all time, i think--today bigger13:18
<+rep1acs> i've never seen anything more scary than that

13713:19
<+codehead> woof
oil limit up13:20
* szubaark_Away is now known as szubaark13:24
<+rickf> just traded some qm minis virtually -- wow....just.......yow.13:27
happy to make $300 on 2 contracts
makes the dax look comatose by comparison :)
<+szubaark> yeah, there is a lot of stuff to trade outhere, thing is most of it was created to seperate u from your money LOL13:29
<+rickf> lol13:30
<+szubaark>  Buys ES @ 1377.25 «« paper »» 13:33
<+rickf> long es 1378.25 paper sm sz13:36
exit 78.25 b/e paper13:39
this is great volatility, but kinda scary to trade
<+szubaark> yup, this week has been great. Last Month was Crap13:41

exit stop moved to breakeven ES @ 1377.25 «« paper »» 13:43

Exited all Long ES at 1377.25 --> 0 «« paper »» 13:51
<+rickf> short es 76.25 paper13:54
<+szubaark>  Buys ES @ 1376.50 «« paper »»
<+rickf> exit es 75.25 paper +113:55
<+szubaark>  exit stop moved to breakeven ES @ 1376.50 «« paper »» 13:56

Exited all Long ES at 1376.50 --> 0 «« paper »» 13:57
<+rickf> long es 76.75 paper
76.25 paper
exit 76.50 +.25 paper13:58
<+szubaark>  Buys ES @ 1374 «« paper »» 14:09
<+rickf> exit 1/2 es 1369 + 414:17
<+szubaark> nice rick
<+rickf> exit remainder 1370 + 3 paper
all paper
ty
<+szubaark> Brick Wall all Support here
<+rickf> long es 1371 paper14:18
out 1372 paper +114:22
jeezus qmn8 up $10.5014:24
<+codehead> 108.414:25

138.4

sheesh

138.50 hod

.6

coming into floor close

108.625
<+rickf> short es 1370.50 paper
<+codehead> 138.625 i meant14:26
* NihabaAshi is now known as NihabaAshi_away
<+rickf> exit es 1369.50 paper +114:27

crude closes at 230, right?
<+codehead> 139 QM hit14:28
<+rickf> bet we get a pop once crude closes14:29
<+szubaark> yeah, no bounces yet of any kind14:30
could be a Viscious, Fast Bounce
<+rickf> think that was it :(14:34
<@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.htm14:40
<+rickf> qmn8 hit 11.025 :(14:49

er up 11.025

138.750
<Brutus_> 06/06/2008 14:49 *DJ OIL FUTURES: Nymex Crude Settles $10.75, Or 8.4%, Higher At $138.5414:52
<+rickf> jeebus14:53

short es 72.25 paper15:18

exit es 71.25 paper
<+tzar> hi15:26
<+rickf> :)15:27
<+tzar> sup rickf
<+rickf> been scalping the sh--t this afternoon
<+tzar> good
<+rickf> overtrading like crazy -- it's "practice" so to speak to time entries/exisits/technique15:28
<+tzar> paper?
<+rickf> i'm a better trend-trader than scalper

yep
<+tzar> green?
<+rickf> yep
<+tzar> i did 1 trade today
missed like 2
all green15:29
<+rickf> since noon I've been "experimenting"
<+tzar> thats cool
<+rickf> hope to go live again in a week or so.
<+szubaark> rick you should be ready. entries are good, your exits could milk more15:31
<+rickf> thx szu - i "feel" it's getting close to that time

my flexible exits (ie beyond my initial target point) need work, for sure15:32

sheesh we could see -400 today15:34
<+codehead> 12232 is .618 retracement of daily chart, March low to subsequent high
<+szubaark> amazing, non stop selling
<+rickf> yeah -- today, in my view, is one for the nostalgia file15:35
<+codehead> long 12233 Ym <paper>15:36

for fun

exit half 12255 <paper>

stop at 12249 remainder <paper>

raise stop 12267 <paper>15:37
<+tzar> there comes the buyin
<+rickf> long es 1368.75 sm sz paper
<+codehead> out remainder +34 <paper>15:38
<+szubaark> should be some Short covering for the weekend
<+codehead> might get back to 90...
oil taking a dip15:39
long 1 c 12260 YM <paper>
<+rickf> exit es 68 -.5 paper

forget it
<+codehead> QM dive
<+dragon310> they might just sell er into the close15:40
<+rickf> exit es short 65 +3 paper
that was reversal15:41
<+dragon310> said i quit but had to come back to how the market was taking the beating

hehe
<+rickf> i do that too
<+szubaark> u got balls reversing Short this late in the day and we "Oversold"
<+rickf> 'instinct'
:)
<+dragon310> i think the big traders were hedgeing their bet using er long and ym short15:42

but near the end of the day and they have to get out of their position it will usually catch up15:43
<+rickf> why? the ym is part of the sp
i could see qm and es pairs
<+dragon310> its the one with the bigest decline right now.. just my cuess

guess
<+rickf> i mean....the dow 30 are all in the sp
<+dragon310> wonder if er is going to break for the low15:44
<+codehead> exit -15 that 1c
done watching
<+dragon310> big traders going to unload right rnow on er
<+rickf> es setting up for a dump
or not15:45
<+dragon310> i see er setting up for a dump15:46

love those 15mins reversal spike bars on trend day15:47

longs get caught

gotta get out
<+rickf> short es 63.75 paper15:51
exit es 62.50 +1.25 paper15:53
-400 dow15:56
sorry ymm815:57
<+dragon310> if er breaks 739-38 level we going to see 733-31 level
<+rickf> ding ding ding16:00
phew
<+Flex> ding ding -400 dow
<+dragon310> amazing
oil market is all rigged
<+rickf> wonder if cnbc is gonna do a 'special report' tonight :)16:01
<+Brutus_>  http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={3b5da c65-4008-4ad6-8051-3e277ef0d96e}
<+dragon310> GS and Morgan rigged it

man i shouldn't have focus so much on er today

shoulda been more on focus on ym
<+rickf> ok guys - good trading, have a good weekend and see you next week16:05
<+dragon310> good weekend bye16:07
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