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

June Trade Log

Trade Strategies

WRB Analysis Tutorials

Music While Trading

Testimonials

Disclaimer

#FuturesTrades June 12th Tuesday 2007 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+18.90	+101.10	+1481.50
$1,890	$10,110	$148,150

click on image to view actual size

Current Performance Record

Trading in the Zone

Profit/Loss Statement

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

Also, #FuturesTrades is free to any trader and I am the only trader in #FuturesTrades that represents TheStrategyLab.com

My main function in #FuturesTrades is to be the moderator and I use the chat room as more eyes on the markets to help prevent missing critical market info that have impact on my trades.

#FuturesTrades is not a signal calling chat room and all users are required to post at least one trade (real money or simulator) per day of use.

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

However, I use 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.

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

To learn more about my methods, the links below will provide the info you need.

Trading Reports (fee-based content for traders that want access to our reliable/profitable strategies)

WRB Analysis Tutorials (free and fee-based content to help improve your own strategies)

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

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

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

Session Start: Tue Jun 12 09:29:37 2007Session Ident: #futurestrades

* Now talking in #futurestrades 09:29

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

<base> gm all 09:30

<NihabaAshi> Shorts ER2 @ 835.50 -> large size 09:32

:( 09:33

Covered all ER2 Short @ 836.40 --> - 0.9 09:35

Shorts ER2 @ 836.40 -> large size

Covered all ER2 Short @ 835.70 --> + 0.7 09:37

I expected chop and that's exactly what I'm seeing so far :(

* lesAway is now known as les

<NihabaAshi> Long ER2 @ 836.00 -> medium size 09:40

Long ER2 @ 836.50 -> Add 09:42

<pdays> Long ER2 @ 835.9

Exited all ER2 Long @ 836.2 --> + 0.3

<NihabaAshi> Exited 1/2 ER2 Long @ 836.60 --> + 0.1 09:43

Exited Remainder ER2 Long @ 836.40 --> + 0.4

Long ER2 @ 837.40 -> small size 09:47

I'm not looking for any WRB profit targets in this price action due to the lack of volatility. 09:48

<Littman> maybe is time to go short on ER 09:49

<NihabaAshi> Long ER2 @ 836.50 -> Add 09:51

<jperl> ER2 VWAP 836.30

<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)

<pat255> gm all 09:52

running late ...:(

<NihabaAshi> ER2 volatility droping fast... 09:57

Nevermind...WRB to the downside was produced

<pat255> L 836 er

dang ...out -.2 09:58

<NihabaAshi> Still choppy...not willing to do any position reversals until it gets out of the chop.

<pat255> that was fast ...

yes ...niha ...

<NihabaAshi> Exited all ER2 Long @ 835.00 --> - 3.9

<Littman> 835 is a good price to go long 09:59

<NihabaAshi> Shorts ER2 @ 834.60 -> large size 10:01

Shorts ER2 @ 834.30 -> Add

Shorts ER2 @ 834.90 -> Add 10:02

full position size now 10:03

<jperl> Next down pivot isn't unitl 831.80

<NihabaAshi> Covered 1/4 ER2 Short @ 834.10 --> + 0.8 10:04

Covered 1/4 ER2 Short @ 833.90 --> + 0.7

Covered Remainder ER2 Short @ 834.10 --> + 0.5 10:06

<szubaark> Buys ES @ 1518 «« paper »»

<NihabaAshi> Had to dump it because ER2 is trying to form a Hammer Line adn I don't want to be sitting in a Short if that Hammer line traverses into a Bullish Hammer Pattern 10:07

Shorts ER2 @ 834.00 -> small size 10:10

<les> Long ER2 @ 834

<NihabaAshi> Covered ER2 Short @ 834.50 --> - 0.5 10:11

Reverse and Enter Long ER2 @ 834.50

Volatility dropping again... 10:12

Expecting a volatility spike here soon.

Hopefully upwards.

Exited ER2 Long @ 833.40 --> - 1.1 10:13

<les> Exited ER2 Long @ 833.5 --> - 0.5

Reverse and Enter Short ER2 @ 833.5

<szubaark> Exited all Long ES at 1516 --> - 2 «« paper »»

<NihabaAshi> Shorts ER2 @ 833.10 -> large size

<szubaark> Shorts ES @ 1516 «« paper »» 10:14

<les> Covered 1/2 ER2 Short @ 833 --> + 0.5

<NihabaAshi> I shorted a WRB...I needed to be higher around 833.50 to better manage any counter-thrusts. 10:15

<pat255> yup dang missed the entry ... 10:16

<intowin> long es 1515.50 added one 10:17

<jperl> pivots @ 831.0 and 830.36

<NihabaAshi> If I can get a little more than a 1 pointer...it'll easily fix two trades that were "trade errors".

<les> exit stop lowered ER2 @ 833.1 10:18

<NihabaAshi> Covered 2/3 ER2 Short @ 831.80 --> + 1.3

<szubaark> nice Niha.

<werner> gm all 10:19

<NihabaAshi> Although its obviously going down now...

<les> Covered Remainder ER2 Short @ 831.5 --> + 2

<NihabaAshi> Earlier I had too much difficulty in see that while trading in the chop before it broke below the support of that Hammer Line

<szubaark> Covered all Short ES at 1513.75 --> + 2.25 «« paper »» 10:22

<pat255> vn es ...wtg

les ..:)

<NihabaAshi> Were in a S/R Zone of 832.80 - 830.00 10:23

<les> thx pat :) 10:24

<jperl> next pivot 828.87

<pat255> em not trading today? 10:34

S 1515.25 ..es 10:40

<les> Long ER2 @ 831.6 10:41

Long ER2 @ 831.2 -> Add 10:45

<szubaark> Shorts ES @ 1514.25 «« paper »» 10:46

<NihabaAshi> I needed a restful trade like this that's in the profit column to allow for me to do some "intermarket analysis" to see if this trade should be converted into a hold going into the 2pm est Treasury Budget. 10:47

<jperl> ER2 VWAP @ 833.79, peak volume @ 831.40

<NihabaAshi> I decided its worth the risk and will adjust stop to let it ride.

<jperl> would like to see this move back to the VWAP 10:48

<les> me too jperl :)

<NihabaAshi> exit stop lowered ER2 @ 833.00

<pat255> out es b/e

<jperl> usually does

<les> u have a long here? 10:49

<NihabaAshi> If it wasn't worth the risk...I would have dumped it at the 830.00 when it was a WRB profit target.

<jperl> yes

<NihabaAshi> If my trailing stop is hit...

<les> Exited 1/3 ER2 Long @ 832.2 --> + 1 10:50

<NihabaAshi> I'll look for another position to hold into the coming 2pm est Treasury Budget release.

<jperl> took a long as soon as I saw the peak volume shift down to 831.40

peak volume now @ 831.90, VWAP @ 833.66 10:56

still looking for move back up to VWAP

<NihabaAshi> Oh oh...

ER2 volatility dropping fast...

I'm expecting a volatility spike here soon. 10:57

<les> we gotta steady set of rising lows on er2 and everywhere u look now

<NihabaAshi> Covered all ER2 Short @ 832.80 --> + 0.3

<les> Exited 1/3 ER2 Long @ 832.9 --> + 1.3

looking for leats exit at at least 833.9 10:58

that will be the close of the wrb gap

10:12 wrb

exit stop raised ER2 @ 831.6 10:59

<NihabaAshi> Shorts ER2 @ 832.50 -> small size 11:01

Trade error...looking to dump 11:02

<pat255> les what made u take the low ..any setup for this L trade?

<NihabaAshi> Covered all ER2 Short @ 832.00 --> + 0.5 11:03

Lucky trade

<les> i had a long signal before that - price divergence stuff... 11:04

but didsnt take it 11:05

<pat255> k...

ty

<les> was kicking myself..

then i saw it make that low @ 15:40, with a rise just after

<NihabaAshi> Shorts ER2 @ 831.30 -> large size

<les> looked a&e to mee by then, so that decided me 11:06

Trailing Stop Hit ER2 @ 831.6 --> 0

<szubaark> weak counter thrust to upside so far

<NihabaAshi> ER2 volatility still declining...its preparing to go into the dead zone where volatility normally declines. 11:07

<eminitrader> that shows that there is a high probability of a trend day szu 11:08

<pat255> vn niha ...hesiate to take S now ..oh well

<szubaark> Covered all Short ES at 1212.50 --> + 301.75 «« paper »»

Covered all Short ES at 1512.50 --> + 1.75 «« paper »»

<NihabaAshi> Covered all ER2 Short @ 831.00 --> + 0.3 11:10

<eminitrader> Shorts ES @ 1513.50

<les> Long ER2 @ 831 11:13

<NihabaAshi> Good low volatility fight here in a s/r zone

Long ER2 @ 831.70 -> small size 11:14

<jperl> still waiting for that move back to VWAP now @ 833.39

<szubaark> Buys ES @ 1514.75 «« paper »» 11:15

<eminitrader> Shorts ES @ 1514.75 -> Add

<les> Exited 1/3 ER2 Long @ 832 --> + 1 11:16

<NihabaAshi> I don't have much faith in Longs today unless it can take out the intraday highs via reaching 838.00 11:17

Exited all ER2 Long @ 832.10 --> + 0.4 11:18

<les> niha..

u have that theory

jperl think in terms of threturn to vwap..

and i want to see the gap close @ 833.9

who knows ? :))

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)

<eminitrader> Shorts ES @ 1515.50 -> Add

now i'm loaded 11:19

<les> and just in case em has this right...

<NihabaAshi> I do have to admit there are some easily recognizable profit targets when going Long in comparison to going Short.

<les> exit stop raised ER2 @ 831.1

<NihabaAshi> Yet, I'm still bearish until the 2pm est Treasury Budget is released.

<les> why? 11:20

<NihabaAshi> After that...I'll consider it a new trading day.

<jperl> peak volume now 831.90, VWAP @ 833.34 11:21

<les> Long ER2 @ 831.9 -> Add

<NihabaAshi> I'm bearish because Europe was weak going into the U.S. markets open. 11:22

<intowin> options expiraton week. crazy day. I am still holding my two longs. shooting for +1

<les> exit stop raised ER2 @ 831.5 11:23

<szubaark> Exited all Long ES at 1516.25 --> + 1.5 «« paper »»

<les> Exited 1/2 ER2 Long @ 832.9 --> + 1

<jperl> vwap touched 11:24

<les> exit stop raised ER2 @ 832

<NihabaAshi> Long ER2 @ 833.20 -> small size

<szubaark> nice hammer on ES 5min 11:10 AM 11:25

<les> not here jperl

i ahve it @ 833.62

<jperl> I have 833.31

<les> just below my gap close tgt

<NihabaAshi> Exited all ER2 Long @ 833.40 --> + 0.2 11:26

<les> exit stop raised ER2 @ 832.7

<jperl> done for now.... break even morning for me...

http://charts.dacharts.com/2007-06-12/JP ERL_015.png 11:27

<pat255> short squeze? hmmm dang just moved to vwap

<les> Trailing Stop Hit ER2 @ 832.7 --> + 1.7 11:28

<NihabaAshi> That Long position was a trade error...exited at a profit and will log it as a "Lucky Trade".

That's the 4th trade error of the day :( 11:29

2 losers and 2 winners on those types of trades.

Symtom of being too aggressive while my finger is still on the mouse. 11:30

<jperl> VWAP pivot chart now looks as follows....

http://charts.dacharts.com/2007-06-12/JP ERL_016.png

You can see where ER2 just took a bounce in a congestion zone

light blue line is VWAP 11:31

<NihabaAshi> On that note...will take pause in my trading. Be back later before 1:30pm est.

* NihabaAshi is now known as NihabaAshi_away

<jperl> red dotted lines are previous day, week, month stdDevs

<les> r thos SDs price-based, or vwap-based jperl? 11:32

<jperl> Standard Deviations are based on the VWAP 11:33

<les> k

breaktime for me now

back later maybe 11:34

* les is now known as lesAway

<pat255> looking back missed the divergence as les pointed out.. 11:39

<intowin> sold es 1518.25 +1 on average counting my blessing however 11:40

<eminitrader> Covered all ES Short @ 1517.75 --> - 6.5

:(

<pat255> oh my em ..:( :(

<intowin> sorry bud... 11:41

<eminitrader> part of the biz ..no pb intw

had to have it coming ...mrkts been good to me for pretty long

<intowin> yes it has.. 11:42

<eminitrader> Shorts ES @ 1518.75 11:43

Shorts ES @ 1520.25 -> Add 11:46

<RussellDaytrade> managed to shovel my way out of the well on a long trade, long 1 runner...missed the short trade this am entirely 11:49

<intowin> with all the chop of options expiration we may see 1525.75 taken out 11:54

<eminitrader> prolly itw 11:57

<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> Covered 1/2 ES Short @ 1518.25 --> + 2 12:07

<RussellDaytrade> :)

<pat255> vn :)

<eminitrader> yep needed that:)

thx pat 12:08

<szubaark> good emini

<eminitrader> thx szu

be back 12:10

<pat255> k guys c u all later ty...back to office .. 12:15

<RussellDaytrade> closed long runner, flat, time for trade review of the past few days...have done too many multiple roundtrips ove the past week or so, having profitable trades, only to let them go to flat, and even losses in some instances, while trying to hold for larger swing move targets...

basically, been outta phase with the flow, to a fair degree, profitable, but too many retracing of the same ground multiple times. 12:17

<intowin> bbl lunch

<eminitrader> Covered all ES Short @ 1518.75 --> 0 12:22

Long ES @ 1517.50 12:31

<NihabaAshi_away> Anybody in here using "Infinity Futures" ??? 12:34

<ItalianSharp> I have an account with them Niha 12:35

<NihabaAshi_away> Have you used their platform and if so...what do you think of the platform?

<ItalianSharp> You mean Infinity AT?

<NihabaAshi_away> Yes

<ItalianSharp> I've tried it...I think it's a good platform...I am using Strategy Runner now because I am used to it, but I am also considering moving to Infinity AT 12:36

It's a very light platform with good speed 12:37

have you demoed it?

<NihabaAshi_away> I may take the week off next week from real money trading with my normal broker so I can test Infinity all week

<ItalianSharp> Niha, don't you have an account with Velocity Futures? 12:38

<NihabaAshi_away> Yeah

<ItalianSharp> Why are you considering moving to Infinity then? I also have an account with Velocity

Is something wrong with Velocity? 12:39

<NihabaAshi_away> I'm looking for a more sophisticated Bracket Order system

Velocity works great...I'm just looking for something to better manage how I tend to scale out of a position.

<ItalianSharp> Isnt't X-trader enough for your type of trading?

<NihabaAshi_away> Yeah but a few traders I know that's familiar with both have said my trading style is more suitable for Infinity AT. 12:40

I'm going to find out prior to opening an account with them :)

<ItalianSharp> Yep...I think a whole week of trading will give a good idea of how their platform works 12:41

By the way, is Greenspan speaking right now? 12:42

<NihabaAshi_away> I've been having a great year in profits and currently approaching a 40 day win streak of consecutive profitable trading days.

I'm going to use next week as a trading break to test another platform via a simulator.

<eminitrader> Exited all ES Long @ 1517.50 --> 0 12:43

<NihabaAshi_away> If all goes well, I'll test it 1 or 2 days in the afternoon trading session only for a few more weeks.

If that passes my test...I'll open an account with them. 12:44

<eminitrader> Long ES @ 1516.25 13:10

<intowin> nice placement 13:16

<eminitrader> Exited 1/2 ES Long @ 1519.25 --> + 3

thx itw 13:18

<ItalianSharp> well done emini, it's always more difficult to trade off a bad start of the day 13:20

<eminitrader> true IS 13:21

missed t2 by 1 tick :(

Exited Remainder ES Long @ 1519.25 --> + 3 13:26

<RussellDaytrade> looks and feels like it wants more up 13:33

<eminitrader> yep...loking for a entry here

Long ES @ 1519.50 13:36

<RussellDaytrade> 834.7 is my target for this move, but it has more to go on a bigger swing basis 13:40

<NihabaAshi_away> Long ER2 @ 835.20 -> medium size 13:45

<eminitrader> Exited 1/2 ES Long @ 1521.50 --> + 2

<NihabaAshi_away> We all know why its moving...no surprises...just follow the big boys...TA not needed. 13:46

* NihabaAshi_away is now known as NihabaAshi

<NihabaAshi> Exited 2/3 ER2 Long @ 836.50 --> + 1.3 13:47

<RussellDaytrade> I have 839.3, which this move should accelerqte it into...a little catch-up move, ie, it was deviated enroute, now is ctaching up, to 'be on time' 13:48

<NihabaAshi> 2pm est Treasury Budget is due out in 8mins... 13:52

Be prepared for the volatility.

Hopefully the big boys continue taking this upwards instead of getting spooked to allow it to drop like a rock.

<eminitrader> so close15 24.50 and i'm in the black for today ...evading me so far

<NihabaAshi> I got my profit goal for the day and this remaining contract is just "greed". 13:53

<intowin> feels like they want to take out that 1525.75 E 13:54

<NihabaAshi> exit stop raised ER2 @ 835.50

<eminitrader> Exited Remainder ES Long @ 1523 --> + 3.5 13:55

k ..looks like i need one more trade 13:56

this sucks :(( 13:58

<intowin> Not for me I been long since 833.50 on Er : ) Just didnt post as I got side tract.. 13:59

<eminitrader> good for u

<intowin> I needed it after yesterday..

<eminitrader> :)

<RussellDaytrade> another buck and a half up, and its going to look very visually appealing on my chart 14:00

<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)

<RussellDaytrade> close enuf 14:01

<intowin> man!

<RussellDaytrade> and, right on time, very nice.

<eminitrader> nice analysis RD 14:02

<RussellDaytrade> actually, one minute early

<NihabaAshi> Exited Remainder ER2 Long @ 839.50 --> + 4.3

<eminitrader> nice one niha

<base> nice one

<NihabaAshi> Perfect exit for me because I covered at a "key" WRB S/R Zone from that was revealed prior to the open in the price action around 8:15am est 14:03

<intowin> sold er 839.50 +6 14:04

<eminitrader> excellent

<RussellDaytrade> thx EM, great trading today, nice strong affirmative comeback

<NihabaAshi> nice

<eminitrader> thx RD ..a way bit more to go :)

<intowin> ty I happen to get in just before you Niha... I was playing aggressive to get yesterday back..

<NihabaAshi> Like I said yesterday and many other times concerning "Quadruple Witching Week"... 14:05

Either Monday, Tuesday or Wednesday will produce a strong (parabolic) price action in comparison to Thursday and Friday. 14:06

You can fine tune when it will occur via key economic report releases or regular schedule market events. 14:07

<RussellDaytrade> I have another target calling fo 845.6, just seemed to far out to seriously contemplate...the 839.3 seemed more realistically achievable, (even as it was trading at 830!), calling it good enuf, I think that 845 is not in the cards today, it has already come too far too fast, etc, extended in here

<NihabaAshi> Yet, the main is is which way...Up or Down :)

<intowin> I think I will take my profits and run.. Thanks for your input today. good trading. Off to hit the wakeboard 14:09

<RussellDaytrade> possible 835 14:17

feels about close enuf 14:21

sob, I gotta find some capital to trade 14:23

835.1 was the target

<eminitrader> Long ES @ 1521.25 14:27

<RussellDaytrade> kinda feels like it wants to go lower, but I have no model that indicates any lower, for that matter, none of 'em indicate higher either 14:32

For the first time in a long while, I do not have a basis for mdeling where it may trade to...that's kinda nice, clear the chalkboard, start anew. 14:34

ok, I reached deep into the mailbag...830.92, seems too deep, thats a possible low in the am tomorrow 14:36

<eminitrader> Long ES @ 1520.25 -> Add 14:38

<RussellDaytrade> may traverse partway into that possible 831 this afternoon, get most of the way there, and complete tomorrow am

<eminitrader> Long ES @ 1518.25 -> Add 14:39

15 now

Exited 1/2 ES Long @ 1519 --> + 0.75 15:00

no thats -1 on avg

Exited ES Long @ 1519 --> - 2.25 15:03

Reverse and Enter Short ES @ 1519

Covered 1/2 ES Short @ 1516 --> + 3 15:05

Covered 1/3 ES Short @ 1514 --> + 5 15:06

<RussellDaytrade> excellent , may drop another level

<eminitrader> back in the black :)

<base> congrats :)

<eminitrader> thx guys..

<RussellDaytrade> I was hoping you'd get ouuta that !@@#$% long in time!

didn't wanna spook ya 15:07

<eminitrader> the only reason i was holding was cause the NQ was holding strong support

once that broke reversed going with the trend on the ES

<RussellDaytrade> this id=s lookin like yesterday...an afternoon failure to followthru on rally

I'll be damned that @#$%^&*er traded to 80.9, and then a little 15:09

830.9

way early, tahs acceptable 15:10

bonds going to hell

I think 830 will fail 15:11

<eminitrader> Covered Remainder ES Short @ 1511 --> + 8

<RussellDaytrade> its a bit extended to downside, but feels like its still gathering steam 15:12

<eminitrader> what a day...this was my profit for the day ---5contracts 7 pts ..not bad but crazy

<base> Nice exit.

<eminitrader> thx B 15:13

<base> I have almost been willing to go long. 15:14

<eminitrader> exit was based on NQ test of low...was expecting a bounc off here

<RussellDaytrade> all's well that ends well. :)

<eminitrader> :))

<base> :)

LOD 15:15

<RussellDaytrade> shoot, missed my sell of 830 brealk while typing!

<eminitrader> now NQ breks major supp

<base> ER2 as well.

<eminitrader> prolly more down or a pullback and then new lows

<RussellDaytrade> its extended anyhow, nbd

<base> 830.00, tested many times.

<ItalianSharp> congrats emini, i knew you'd come back 15:17

i didnt tell you cause i didnt wanna jinx it, but i knew it 15:18

<eminitrader> :)) thx IS

<RussellDaytrade> 838 area tomorrow am high, is what I am have working 15:20

saeems low prob right now, :)

anythings possible, heck, may happen this pm! (though not likely) :) 15:21

I have 832.5 to 834 areas working, break of lows negates this target structure 15:30

I got a GWL working...gut-wrenching long 15:31

<NihabaAshi> Geeesh...that's a lot of volatility generated by the Treasury Budget.

That budget is getting more and more important over the last few years. 15:32

<RussellDaytrade> oh yeah, lets accelerate in here

<NihabaAshi> I'm not trading since my exit of that long because I'm installing some upgrades on my backup system. 15:33

<base> I am long since 830. 15:34

<NihabaAshi> base...what's your profit target ?

<base> 1, I problably had to take the 0.8 profit. 15:35

<jperl> done for today, took some profits in small bits and pieces.... 15:36

http://charts.dacharts.com/2007-06-12/JP ERL_017.png

<NihabaAshi> Long ER2 @ 829.30 -> small size 15:38

Exited ER2 Long @ 828.50 --> - 0.8 15:39

Reverse and Enter Short ER2 @ 828.50

Ooops...will post correction...

<base> My SL has been hitted, -1.

WRB Analysis

Learn More

<NihabaAshi> Covered ER2 Short @ 828.00 --> + 0.5 15:45

The chop in this price area is because we are within a key s/r zone. 15:47

Long ER2 @ 827.80 -> small size 15:48

I did an early entry via intuition that the current price action will develop into a pattern signal for me. 15:49

I also went from 1 contract to 2 contracts on this trade.

<RussellDaytrade> I have 830.8 on this move, by the close, barring no break of lows 15:54

<NihabaAshi> Exited all ER2 Long @ 829.30 --> + 1.5 15:55

I'm done for the day. 15:56

<RussellDaytrade> that er volume has to be stting records, combined with the june contract, er has tradedover half M contracts today 15:57

<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) 16:03

<NihabaAshi> Take care all and see all tomorrow 16:08

<GoodMood> bye Niha 16:09

* NihabaAshi is now known as NihabaAshi_away

<base> Good bye all 16:12

* DisconnectedSession Close: Tue Jun 12 16:35:09 2007 16:35

Sponsor:
Skype

Google:

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

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

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

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

CME Emini Futures ES, NQ and ER2

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

Hang Seng Index Futures HSI

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

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