#FuturesTrades June 13th Friday 2008 Trade Log

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

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

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

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

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

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

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

	#FuturesTrades purpose, benefits and access info for day traders, swing traders and position traders...click here.
Time Zone Info	Chat Log below is eastern standard time (est) - New York City, U.S.A and/or Montréal, Canada time zone.
WRB Analysis	Learn More
	Session Start: Fri Jun 13 08:20:50 2008 Session Ident: #futurestrades
* Now	talking in #futurestrades	08:20
<@X>	[NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<rickf>	gm niha
<@NihabaAshi>	Good morning all	08:22
<Flex>	gm
<pat255>	gm N..
<@NihabaAshi>	I won't be trading today but I will log the trades and conversation as usual while I'm not here.	08:23
	I decided at the last minute to take a 3 day weekend
<+pat255>	have a good one N ...	08:24
* NihabaAshi	is now known as Nihaba_vacation	08:25
<KN-ES>	Long ES @ 1346	08:29
<+KN-ES>	s.l 1.25
	Exited 3/4 ES Long @ 1347 --> + 1	08:30
	Shorts ES @ 1344
	Covered 3/4 ES Short @ 1343 --> + 1
	s.l 1.25
	Covered ES Short @ 1344 --> 0	08:31
	Reverse and Enter Long ES @ 1344
	Exited 3/4 ES Long @ 1345 --> + 1
<Nesi>	good morning
<+KN-ES>	gm
	Nesi
	Exited 1/4 ES Long @ 1348 --> + 4	08:32
<T-stop>	nice wk KN
<+KN-ES>	h7
	Exited 1/4 ES Long @ 1349 --> + 5	08:33
	h5
	thanks
	s.l 44 0.00	08:35
<+rickf>	so cpi is up more than expected, and the futs like it? weird
<+KN-ES>	:)
	it will drop but will take a little time	08:36
<Rooky>	well core was in line
<+Rooky>	if core was higher
<+KN-ES>	DAX droppex 430+ so far
<+Rooky>	probably would have sold off
<+rickf>	that whole core-noncore is such a sham
<+Rooky>	yah
<+rickf>	tell me what good are the #s if you exclude food and fuel
<+Rooky>	but gotta go with what market watches
	well core cpi should be renamed to CHI
	cold and hungy index	08:37
<+KN-ES>	:)
<+rickf>	HAHA
	btw happy friday the 13th	08:38
<+Nesi>	thx jason
<+KN-ES>	Exited 1/4 ES Long @ 1351 --> + 7	08:39
	h3
	Exited 1/4 ES Long @ 1352 --> + 8	08:41
	h2
<+pat255>	vn start kn	08:42
<+KN-ES>	thanks
<+pat255>	kn entry was this am?	08:44
<+KN-ES>	15 min back
	i guess
<+pat255>	k ty ...see that now ..	08:45
<nqcruiser>	Guten morgen mates
<+nqcruiser>	Drazwichie druzia
<+rickf>	gm	08:46
<@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
<+nqcruiser>	folks how do I get DAX on esignal	08:49
<+rickf>	long dax 6717 paper	08:50
<+KN-ES>	Dax shuould have some up run...........after that huge 400+ drop need some retraement
<rep1acs>	400pts drop?	08:51
<+rep1acs>	since when?
<+KN-ES>	looks like going down hill......	08:58
	brb
<+nqcruiser>	Kn r u sure u see DAx	08:59
	i took a long on euro from 15	09:00
	is any1 aware which charts i should subscribe to for DAX on esignal	09:02
<+rickf>	exit dax 6722 paper +5	09:12
* sep34_away	is now known as sep34	09:23
<Brutus_>	for dax you need Eurex $15month + 25 futures add on / month	09:24
<+tzar>	gm everyone	09:25
<PapaJon>	gm all	09:27
<anglo>	gm
<drt>	gm everyone	09:29
<futurible>	GM ALL
<+Nesi>	good trading all
<+rickf>	long YM 12215 paper	09:32
<+Spartan_Away>	Long ER2 @ 728 «« paper »»
<+rickf>	exit YM 12228 + 13 paper	09:33
<+Spartan_Away>	Exited all ER2 Long @ 727 --> - 1 «« paper »»
	Shorts ER2 @ 726.8 «« paper »»	09:34
* Spartan_Away	is now known as Spartan
<+anglo>	does anyone know if multicharts can generate orders for auto execution?
<+KN-ES>	-yes it does	09:35
<+anglo>	to any broker?
<+KN-ES>	IB built in	09:36
<+anglo>	ty KN	09:37
<szubaark>	Shorts ES @ 1348.25 «« paper »»
<HK>	Shorts ER2 @ 728.1 «« paper »»	09:38
<+Spartan>	Covered ER2 Short @ 727.9 --> - 1.1 «« paper »»
	Reverse and Enter Long ER2 @ 727.9 «« paper »»
<+HK>	Shorts ER2 @ 727.3 -> Add «« paper »»	09:40
<+Spartan>	Exited all ER2 Long @ 726.8 --> - 1.1 «« paper »»
	:(
<+szubaark>	yeah whipsaws
<+rickf>	choppy	09:41
<+Spartan>	Shorts ER2 @ 726.6 «« paper »»
<+szubaark>	exit stop moved to breakeven ES @ 1348.25 «« paper »»	09:43
<+rickf>	short es 45.75 paper	09:44
<+HK>	Covered 1/2 ER2 Short @ 725.1 --> + 2.2 «« paper »»
<werner>	gm all	09:45
<+rickf>	exit es 44.75 +1 paper	09:46
<+szubaark>	Covered all Short ES at 1345.25 --> + 3 «« paper »»	09:48
<+HK>	Covered Remainder ER2 Short @ 724.1 --> + 4 «« paper »»
<+KN-ES>	Long ES @ 1344.50	09:51
	s.l 1.5
	Exited 3/4 ES Long @ 1346.50 --> + 2	09:52
<nqcruiser>	KN's magic
<+nqcruiser>	wtg mate
<+szubaark>	10am Consumer Sentiment	09:55
* subq	-=market profile charts for today=- http://www.charthub.com/chart/search/mpc hart
<+KN-ES>	Exited 1/4 ES Long @ 1347.50 --> + 3	09:57
	h7
<+Spartan>	Covered all ER2 Short @ 726.6 --> 0 «« paper »»
* Spartan	is now known as Spartan_Away
<+KN-ES>	Exited 1/4 ES Long @ 1348.50 --> + 4	09:58
	h5
<silo>	Long ER2 @ 727.50 «« paper »»
<+KN-ES>	Exited 3/4 ES Long @ 1350.50 --> + 6
	h3
<+szubaark>	Buys ES @ 1351.50 «« paper »»	10:01
	exit stop moved to breakeven ES @ 1351.50 «« paper »»	10:03
<+KN-ES>	Exited 1/4 ES Long @ 1353.50 --> + 9
	h2
<+szubaark>	Exited all Long ES at 1354.50 --> + 3 «« paper »»	10:04
<Andy>	vn KN
<+Andy>	vn szu
<+KN-ES>	Exited 1/4 ES Long @ 1358.50 --> + 14	10:05
	h1
	thnanks
	thanks
<+silo>	Exited all ER2 Long @ 730.30 --> + 2.8 «« paper »»
<+nqcruiser>	dont get greedy mate
<+szubaark>	thanks.. a lot better Price Action then last 3 days
<+KN-ES>	u r right....... s.l. 1349.50 + 5.00	10:06
	brb	10:07
<+nqcruiser>	Kn king of wallstrreet	10:08
	my charts r down
	i suspect is low internet speed
<+rep1acs>	i'm trading in fear :( missed a golden setup	10:12
<+rickf>	i missed that nice pop on the ym myself just now :(
<+KN-ES>	what is ur golden setup rep1ace?
	:)
<+rep1acs>	lol	10:14
<+silo>	Long ER2 @ 729.80 -> small size «« paper »»
<+rep1acs>	was watching the dax a few mins ago, saw decent vol buying 35	10:15
<+rickf>	long ym 12281 paper
<+rep1acs>	wanted to go long but scared :D
<+rickf>	exit ym 12294 +14 paper
<+KN-ES>	rep1ces, do what i do all the time
	close ur eyes and click	10:16
<+tzar>	lol
	make sure you click the right button though
	with eyes closed you might go opposite of what you wanted
<+rep1acs>	cuz over the past few days i traded well during the first hours and started losing money after that
<+KN-ES>	its always 50% luck
<+rep1acs>	i had a good open today that's why im scared lol
<+anglo>	I will pay you a rouble tomorrow for a hamburger...errr...secret today.	10:17
<+tzar>	you guys trading U or M contracts
<+rickf>	U
<+tzar>	hmm my charts dont work
	who to blame... hm..	10:18
* jsbach	short ES @ 1358.50
<+silo>	Long ER2 @ 730.50 -> Add «« paper »»
<+nqcruiser>	my m CHARTS FAILED	10:19
<+jsbach>	nqcruiser: using metastock?
<+tzar>	i wasnt conencted tahts why
<+silo>	nq uses openEcry's chart
<+rickf>	oec working fine for me	10:20
<+nqcruiser>	ENSIGN
<+silo>	rickf.... you use openecry ..... when was the last time they went down?
	i'm interested in joining	10:21
	:)
<+rickf>	down hard ... few months ago the charts/data would lock for a min or two
	no problems since -- maybe 1 minor freeze since then but nothing to kill me
	the demo servers do tend to be a tad slower than the live ones, since they let anyone trade there	10:22
<+silo>	the demo is still a tiny bit faster than tradesation :)
	do you remember which month they went down hard?
	like in 2007 right>	10:23
	?
<+rickf>	i think it was march -- there is an ET thread about it
<+silo>	hm k
<+rickf>	right about the time i signed up, too
<+silo>	Exited 1/2 ER2 Long @ 730.30 --> - 0.2 «« paper »»
	do you have a backup broker?	10:24
<+rickf>	optionsxpress does futures but i went to oec because oxps paltform sucked for intraday
<+KN-ES>	tp 63.50 +/- ......... s.l 54.50 + 10.00
	brb	10:25
<+T-stop>	nice wk
<+KN-ES>	thanks
<+szubaark>	Shorts ES @ 1359 «« paper »»	10:28
<+silo>	Exited all ER2 Long @ 730.70 --> + 0.9 «« paper »»	10:29
<+szubaark>	nice silo
<+silo>	that was a greedy trade
	but looks like it might go down
<+KN-ES>	it will get to 56 again	10:32
	i guess
<+silo>	Shorts ER2 @ 729.60 «« paper »»	10:35
<nqcruiser>	can some1 gimme the demo key for Ninja
<+silo>	Shorts ER2 @ 729.20 -> Add «« paper »»	10:36
<+szubaark>	Covered all Short ES at 1356 --> + 3 «« paper »»	10:40
<+jsbach>	my target for ES is 1324.25
	anyone have a similar projection?	10:41
<+silo>	Covered all ER2 Short @ 7230 --> - 13001.2 «« paper »»	10:50
	oops
<+KN-ES>	thats huge Silo
<+silo>	lol
	i'm broke for 3 consecutive life times	10:51
	lol
<+KN-ES>	:)	10:52
<@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
<+silo>	ah rick.	10:55
	i just read the thread about openEcry
	yeah i read that a while back
	that's the one i read about
	and since then thye've been pretty good i hear	10:56
	i called openEcry as well
<+KN-ES>	hit and out
<+silo>	and they admitted to this probem
<+KN-ES>	Exited Remainder ES Long @ 1354.50 --> + 10
<+silo>	and said that they have fixed it and since then they have not had the same issue again
<+rep1acs>	i have an acct with them but via amp ib
<+rickf>	silo.....so far so good with them.ok guys back in a bit
<+KN-ES>	Long ES @ 1354	10:57
	s.l 1.25
	Exited 3/4 ES Long @ 1355.50 --> + 1.5	10:59
	Exited 1/4 ES Long @ 1355 --> + 1
	h7
	Exited 1/4 ES Long @ 1357 --> + 3	11:00
	h5
<+szubaark>	Buys ES @ 1357 «« paper »»
<+jsbach>	1357? hmm	11:04
<Nesi>	he is trading sept	11:05
<+jsbach>	gotcha
<+szubaark>	stuck in the mud again	11:10
<+jsbach>	Nesi, i'm new to trading, is it okay that I am trading june? or are there risks/negatives associated with that
	(ES)
<+Nesi>	i see more vol in sept	11:11
<+KN-ES>	yes
	vol shifted to sep mostly on yestereday
<+jsbach>	i am short june at 1358.50...wondering if I can exit june and re-enter my position in the Sept contract	11:14
<+szubaark>	exit stop moved to breakeven ES @ 1357 «« paper »»
<+KN-ES>	Exited 1/4 ES Long @ 1358 --> + 4	11:15
	h4
<+jsbach>	nice one KN-ES
<+szubaark>	Exited all Long ES at 1357 --> 0 «« paper »»
<+T-stop>	man choppy out there	11:16
<+szubaark>	This has been "The Chop from Hell" Week
<+KN-ES>	thanks
* szubaark	is now known as szubaark_away	11:17
<pat12>	kn do u have charts on the link uposted couple of days ago ..?	11:19
<+pat12>	wil read tonite ...was busy last 2 dyas at the office	11:20
<+KN-ES>	pat12 -- you will have to lon on to see the chart in the post	11:21
	if u dont, then u will just see the txt
<+pat12>	k ...will log on ..ty	11:22
<+KN-ES>	uw
<+pat12>	what tf uuse for setups..if u have a moment
<+KN-ES>	i dont use any chart to enter a trade	11:23
<+pat12>	& u also mentioned something else u look at ..i forget now
<+KN-ES>	u will find a pic there too, my entery setup
<+pat12>	k ...
<+KN-ES>	its simple and very easy, dont expect something like special or all the indicators making charts look like amazon	11:24
<+pat12>	may be T/S scree or something..
	y agree indicators useless ..
<+KN-ES>	yes, t/s md and matrix all i use
<+Andy>	Shorts ES @ 1358.5
<+pat12>	md?
<+KN-ES>	nice to have you back Andy
	market depth
<+rep1acs>	<+szubaark> This has been "The Chop from Hell" Week >>> true, my trailing stops getting hit :(
<+pat12>	ah k ..	11:25
<+KN-ES>	Exited 1/4 ES Long @ 1359 --> + 5
<+rep1acs>	should have taken profit early
<+KN-ES>	h3
<+Andy>	Covered all ES Short @ 1358.75 --> - 0.25
<+KN-ES>	its taking a direction but going up and down to hunt s/l near by
<+szubaark_away>	Ive had difficulty reading the Price Action this week. Happens.	11:26
<+Andy>	thanks, KN
<+KN-ES>	so, kind of choppy........and directional
<+pat12>	yup,,
<+szubaark_away>	Lots of fakeouts and Long, Choppy Congestion "Zones"= Account Killers
<+KN-ES>	yes
	exactly
	it hapens when you have contracts changing
	traders are not sure which one and specially when	11:27
	to change
<+szubaark_away>	also isnt next week "Quad Witching Expiration"?
<+Andy>	Shorts ES @ 1359
<+KN-ES>	well, that wont be in play till tuesday, i think
<+szubaark_away>	yup, we got Options and Futures expiring at same time. Warning,it will get more choppy folks!	11:28
	I see why Niha is on Vacation :))
<+rep1acs>	when will be the expiry day ?	11:29
<+Andy>	Covered all ES Short @ 1359.25 --> - 0.25
<+rep1acs>	this is my first us index roll
<+silo>	pretty boring day
<+KN-ES>	yes it is	11:30
	we are finally going down	11:50
	:)
	Exited ES Long @ 1356.50 --> + 2.5
	Reverse and Enter Short ES @ 1356.50
	s.l 1.5	11:51
	late entry should have entered 57.50	11:52
	wasnt looking seriously
<+rickf>	bak	11:56
<+KN-ES>	need 58 .......... hanging on here for so long	12:09
<+Andy>	hanging on in this price action is tough	12:10
<+KN-ES>	nop
	watching euro 2008
	missed last night
<+Andy>	excellent
<+KN-ES>	italy vs roumania
	dont tell me the result
	cannt trade if soccer is on	12:11
	coool...........didnt miss
	its live
	i read the time wrong yesterday
	and i was kicking my self all morning	12:12
<+anglo>	did someone turn the sp off?
<+rickf>	*snore*	12:13
<+Andy>	will someone nudge rickf...he's keeping me awake...	12:14
<+rickf>	lol
	nah my trainer sure woke me up today.....but es is putting me to sleeeeep
<+Andy>	yah
<+KN-ES>	bbl..........cannt sit here when game is on	12:15
<peterpanboy>	hello gm ALL	12:18
<+peterpanboy>	market is flat now	12:19
* sep34	is now known as sep34`Gone	12:22
* codehead_afk	is now known as codehead	12:26
<+Andy>	Long ES @ 1355.75	12:29
	Exited 2/3 ES Long @ 1356.75 --> + 1	12:32
	Exited 1/4 ES Long @ 1357 --> + 1.25	12:34
	h1
<+rickf>	nice
<+Andy>	thanks, rickf	12:35
<BigDawg291>	very nice andy	12:36
<+Andy>	thanks, BD
	Exited Remainder ES Long @ 1355.75 --> 0	12:39
<+KN-ES>	Covered 1/2 ES Short @ 1353.50 --> + 3	12:40
	h8	12:41
	brb
<+tzar>	jeez KN-ES	12:42
	another huge bar
<+KN-ES>	was waiting for this for a lonnnnnnnnnnnnnnnnnnnnnnggggggggggggggg time
<+tzar>	is 57 a big bar level?	12:43
<+KN-ES>	[08:50:09] <+KN-ES> we are finally going down
	brb
	53.50 is the big sup
<+tzar>	what about resistance	12:44
<+BigDawg291>	the big sup?
<+tzar>	57.50?
	support
<+BigDawg291>	support i know now lol
* Spartan_Away	is now known as Spartan
<+Spartan>	Long ER2 @ 727.8 «« paper »»
<+KN-ES>	nxt sup 48.75
	brb........... 5 min left for half time
<+szubaark_away>	Even if I see good setup scared to take due to the CHOOOOPPPPPPP	12:48
<+anglo>	by definition, after the chop there's always a move. otherwise it wouldnt be chop.	12:51
	put that in your crack pipe and smoke it
<+szubaark_away>	lately, its been Chop AFTER Chop LOL
<+anglo>	it's irritating: jump-chop for hours-pop or crash-chop for hours	12:52
	hard to catch a ride	12:53
<+KN-ES>	Covered 1/4 ES Short @ 1351.50 --> + 5
	h6
<+Andy>	Long NQ @ 1963.25	12:54
<+KN-ES>	hr in a trade......and only 5 pt move..........
<+anglo>	for some it seems easy however. so the problem must be me,me,me.
<+rickf>	key is knowing when to sit aside
<+szubaark_away>	anglo, in Hindsight everything looks easy
<+Andy>	Exited 3/4 NQ Long @ 1965.5 --> + 2.25	12:55
<+KN-ES>	nice Andy
<+Andy>	gracias, KN
<+rickf>	quiet day was nice - lets me clean up other accounts
<+anglo>	well some people catch the moves
<+KN-ES>	how to say "u welcome'... in spanish?	12:56
	Andy
	Anglo, some ppl are just lucky some days
<+Andy>	da nada?
<+tzar>	se hablo espangol?
<+anglo>	de nada
<+KN-ES>	de nada..... got it
<+Andy>	help us, anglo!	12:57
<+KN-ES>	learning some spanish here :)
<+anglo>	yes KN. but when the same people are lucky everyday...I have to start to suspect there is some skill involved
	skill which I'm lacking presently
<+KN-ES>	well, not everyone is like NIha	12:58
<+anglo>	lunchtime.
<@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
<+anglo>	I'm unskilled and bored	12:59
<+Flex>	does any1 here have problems with TS site ?
<+KN-ES>	same here........ getting back to game.... nxt tp 49.50 +/-
	Flex, i dont have anyproblem here	13:00
	its working fine
	web and the platform
<+BigDawg291>	kn-es would you short here looking for 49.50?
<+Flex>	looks like it's not tracked by some DNS anymore
	not all
<+KN-ES>	well, BigDawg291.......... this trade is completly in my control right now.......... i took out major protion of the contracts..... even if the price hits my stop loss, i will still be in profit side.......so I can risk my contracts here.........	13:02
	calculatied/calculative risk
<+BigDawg291>	yeah i see wghat you are saying
<+KN-ES>	trade management.............. u will have to push ur luck every now and then
<+Andy>	Exited Remainder NQ Long @ 1963.75 --> + 0.5	13:03
<+KN-ES>	while minimizing risk
<+BigDawg291>	i was short at 57.25, but got out way too early b/c i only trade 1 contract and dont have the guts yet to hold as long as you
<+KN-ES>	just add 1 contract in every 3 weeks
	no one does that at a time	13:04
	i used to add 1 contracts in every 3 weeks
	ofcourse with majority wins
<+BigDawg291>	ok that sounds good, i have been trading since february but havent done more than 1 contract
<+KN-ES>	otherwise used to take 1 contract out
<+BigDawg291>	ok	13:05
<+KN-ES>	try this way, may help...........helped me
<+BigDawg291>	ok sounds good
<+KN-ES>	cool
	now going back to game ............ brb
<+BigDawg291>	at first i started out poorly but here lately i have done btter just hope it continues, my account is up more than 50%since beginning of may
	ok thnks
<+Spartan>	Exited all ER2 Long @ 726.8 --> - 1 «« paper »»	13:07
<+KN-ES>	Covered 1/4 ES Short @ 1349.50 --> + 7
	h4	13:08
<+BigDawg291>	theres that next target :)
<+KN-ES>	:)
	45.75
	brb
<+BigDawg291>	k	13:09
<+KN-ES>	cant leave either one
	:(
<+BigDawg291>	lol have one on tv and other n comp
<+KN-ES>	:)	13:10
	goal	13:14
	italy down by a goal
<+T-stop>	futs liked that goal	13:15
<+KN-ES>	yes
	brilliant goal
	goal
<+T-stop>	maybe we have a new indicator
<+KN-ES>	1-1
<+T-stop>	good game
<+KN-ES>	i m wit ItalianSharp	13:16
	:)
<+T-stop>	same
<+rep1acs>	the strongest team is holland for me
<+KN-ES>	:)
	yes
	no doubt after what they have done :)	13:17
<+rep1acs>	yeah they played beautiful soccer
<+KN-ES>	agree 150%
<+rep1acs>	:)	13:18
<+KN-ES>	s.l. 56.50 0.00	13:19
	now i can watch the game safe :)
<+Nesi>	i like soccer too..KN	13:20
	i will watch Venezuela VS Uruguay tomorrow
<+KN-ES>	what time?
<+Nesi>	i think around 5 pm NY time
	not sure tho
<+KN-ES>	i will check it out.......i will be there :)	13:21
	soccer cricket chess and golf......
	need a reporting job
<+Nesi>	and trading :)	13:22
<+KN-ES>	trading comes 5th :)
	may be 4ths, can compromise golf
<+anglo>	have you tried crude oil kn?	13:23
<+KN-ES>	i missed my class my test my flight for soccer
<+anglo>	the chop there is 1000 range
<+KN-ES>	anglo, i will check out crude oil this weekend	13:24
	cl u8?
<+anglo>	n8
	rolls every month	13:25
<+KN-ES>	thanks
	i will check it out.......i was way to busy with the computer.....didnt have much time to check anyting this week	13:26
<+anglo>	there are no boring days in crude oil. I assure you.
	bbl	13:27
<+KN-ES>	cool........thanks anglo........i will work with you on monday on crude oil	13:28
<+szubaark_away>	Shorts ES @ 1351.25 «« paper »»	13:29
<+KN-ES>	anyone here trading crude oil?	13:33
<+peterpanboy>	prob with ISP see ya all next week
<+KN-ES>	take care
* +jsbach	exit ES @ 1348.50 ----> +10
<+KN-ES>	nice
<+jsbach>	thanks
<+KN-ES>	jsbach
<+T-stop>	y
<+peterpanboy>	thanks KN
<+KN-ES>	uw
<+peterpanboy>	I will paper trade crude oil next week with you ALL	13:34
<+T-stop>	KN I trade CL, but its tough
<+peterpanboy>	but take care very volatility
<+T-stop>	especially at these lvls
<+peterpanboy>	and thin no much liquid
	anyway I disconect now have check something with ISP nice weekend	13:35
	everybody
	see ya
<+T-stop>	cya
<+anglo>	crude is more liquid than es
	CL is	13:36
	QM is not
	avoid QM
<+rep1acs>	why is CL so thin?
<+KN-ES>	if not liquid, thats a problem	13:37
	we will try cl
	on monday
<+Andy>	Long ES @ 1350.25
<+szubaark_away>	exit stop moved to breakeven ES @ 1351.25 «« paper »»	13:38
<+anglo>	i'd not call 750,000 contracts per day thin
<+Andy>	Exited all ES Long @ 1349.75 --> - 0.5
<+silo>	Shorts ER2 @ 725.75 -> large size «« paper »»
<+anglo>	it moves $1,000 a minute per contract yes. thin no.	13:39
<+szubaark_away>	lol
<+jsbach>	hmm...
	ES pushing through important median
<+T-stop>	nice save	13:40
<+KN-ES>	how u miss a panalty
<+T-stop>	hehe
<+KN-ES>	it wasnt right call ...... in frist place
<+jsbach>	wonder if this indicates downside
<+T-stop>	agree
<+szubaark_away>	I got Support on ES now@1346
<+T-stop>	nice replay
	brb	13:41
<+silo>	got support from globex open here	13:42
	hopefully it will not be able to support the price for hte short trade
	:)
<+szubaark_away>	Silo, how many contracts u Short now?
<+silo>	0... it's just paper	13:43
	:)
<+KN-ES>	Covered 1/4 ES Short @ 1347.50 --> + 9	13:48
	h3
<+jsbach>	nice	13:49
<+KN-ES>	thanks
<+szubaark_away>	nice KN
<+Andy>	vn KN
<+KN-ES>	thanks	13:50
	trying to end the day with no loss
	and all 7+ wins	13:51
<+szubaark_away>	Covered all Short ES at 1349.25 --> + 2 «« paper »»
<+KN-ES>	missed 3 .... anyway
	back	13:52
	1-1
	wasted my 90 min
	jsbach.........we may see 27.50 on tuesday	13:53
	i guess
	today we dont even have enough vol to break 36.50...... i think	13:54
<+T-stop>	KN do you use md to determine lvls or charts
<+KN-ES>	well, i just watch the market and vol
<+KN-ES>	you know the levels and vol when u keep see the price	13:55
<+jsbach>	KN, my daily is showing 24.25 as target
<+KN-ES>	Silo............urs one sucks.......need a better director.....u will loose the job quick
	:)
<+jsbach>	i guess monday's target
<+KN-ES>	yes.
<+silo>	huh?
	my what	13:56
<+szubaark_away>	Buys ES @ 1349.25 «« paper »»
<+KN-ES>	27.50 22.50 17.25 12.50 9.25 4.75
<+T-stop>	are those piviots
<+KN-ES>	ur ones sell b1g1
<+T-stop>	or vol areas
	or sr
<+KN-ES>	silo.......just kidding	13:57
	those are supports
	12.50 is a major support
<+jsbach>	i expect price to pivot at 24.25 as a profit target for the short that i will enter on monday
<+silo>	kn
<+T-stop>	from matrix lvls or chart
<+silo>	how are you using volume price to find those supports
	just by looking at charts?
<+jsbach>	but i am going to do more homework over the weekend, redraw my charts
	give them a hair cut	13:58
<+KN-ES>	its in my head.....i know where price had to struggle to move through and ofcourse the havily traded area
<+T-stop>	k
<+silo>	so you look for the areas where volume were the highest
<+KN-ES>	yes
<+silo>	k	13:59
<+jsbach>	i do that also
<+T-stop>	that 48.75 was perfect
<+silo>	i hope this bounce dies soon
<+szubaark_away>	Exited all Long ES at 1349.25 --> 0 «« paper »»
<+jsbach>	i like to draw fib levels from areas of high volume, and if those levels agree with other levels that i get from drawing trend lines from places of high volume, i look for probabilstic trades, so i also base some analysis on places where volume is the highest	14:00
<+KN-ES>	i just want the price to reach either 42.50 or 56.50
<+silo>	Shorts ER2 @ 724.90 -> Add «« paper »»
<+jsbach>	also i like to look for agreeances between the daily and the hourly chart
<+silo>	i like to look at boobies	14:01
<+jsbach>	hehe
<+silo>	and the boobies say down we go
<+szubaark_away>	heheh
<+silo>	after this bounce
	:)
	which is done
	:)
<+KN-ES>	Silo.......urs one are plat like a flat tire......need road side assitance
<+silo>	i got triple As	14:02
<+KN-ES>	so, tell me agin, if u r the guy who was the other guy.......
<+silo>	bounce not done i see
<+KN-ES>	just kidding.......going out of line......
	should change the topic	14:03
	well, jsbach, i have never used fib levels
	but interesting
<+szubaark_away>	Buys ES @ 1350 «« paper »»
	finding some support here	14:04
<+KN-ES>	looks it has some valid arguments
<+T-stop>	KN do emotions ever creep into your trading?	14:05
	causing missed trades
<+jsbach>	the fib levels are pretty neat, especially on daily
<+KN-ES>	nop, once made my gf listen aerosmiths " whatever it takes to let u go"....... the rest is history
	all the emotions are just gone.......after that
	:)
<+szubaark_away>	Exited all Long ES at 1347.75 --> - 2.25 «« paper »»	14:06
<+KN-ES>	tell me what it takes.........to let u go
<+silo>	you should try injecting ice water into your veins
<+szubaark_away>	Shorts ES @ 1347.75 «« paper »»
<+silo>	it does the job
<+T-stop>	hehe
<+silo>	i have syringes all over the place
<+KN-ES>	well, as i told b4..............all the analysis should be done b4 u enter the trade
	once in u stick with ur analysis
<+silo>	otherwise you're going to be swayed by every little tick	14:07
<+T-stop>	stp or tgt
<+KN-ES>	for me, if my analysis is wrong, i am ready to take the hit
<+jsbach>	yes
	same here
<+KN-ES>	dont change my tgt or stp while i m in a trade
<+jsbach>	if my homework is wrong, then that's my bad, i must be using obsolete trend lines or data that is irrelevant or doesn't matter anymore
<+silo>	here comes the pain	14:08
<+KN-ES>	i think, i moved stop loss further only 2 times this year
	i hate to move my stops ....... really hate it
<+jsbach>	so i try to keep my charts fresh, redrawing my hourly chart at least every day or two
<+KN-ES>	:)
<+T-stop>	k	14:09
<+KN-ES>	i dont use charts, the only chart i have open now is a 1 min chart
<+jsbach>	very interesting
	i rely heavily upon charts
<+KN-ES>	i use the chart only to exit the trade
	so u use one hr and daily charts	14:10
	?
	and want them to be in line right?
<+jsbach>	yes
	i like intersections of trend lines to congrue with fib levels	14:11
<+KN-ES>	nice	14:13
	makes sense
<+jsbach>	yeah
<+KN-ES>	lots of sense indeed
	never thought that way
<+jsbach>	works pretty decent
<+KN-ES>	thanks for sharing, jsbach
<+jsbach>	any time	14:14
<+anglo>	I only have pain to share. So I will do everyone a favor.
<+KN-ES>	let me know if u have some space left :)	14:15
	it overflowing here.........
	its
<+anglo>	I'll keep it to myself, and carry my cross with as much dignity as I can.
<+silo>	Covered ER2 Short @ 727.70 --> - 1.95 «« paper »»	14:16
	Reverse and Enter Long ER2 @ 727.70 «« paper »»
<+jsbach>	sorry to hear about those pains
<+KN-ES>	humm........and its deep
	so deep that if u start digging.......u may find india on the other side	14:17
<+silo>	Long ER2 @ 727.70 «« paper »»
	that's supposed to be an add
<+KN-ES>	nice entry silo	14:18
	should have taken some profits out
	just a suggession
<+T-stop>	KN btw, vn play on that report this morn. you kept reversing till you got it right.	14:19
<+KN-ES>	nop
	yesteday and today...........this is the deal	14:20
	when vol start cominging in the morning.........
	took some quick and heavy trade
<+T-stop>	k
<+KN-ES>	to cover my stop loss........
	then went on with the news
<+T-stop>	oh didn't log on till right before news	14:21
<+KN-ES>	i do usually take my position b4 the trade
	i tood the trade b4 the news was out.........i decide my direction b4 the news
	if i m wrong...........i take my steps way before..........taking steps to cover my stop loss	14:22
	this a new thing...........i m trying this for last 2 days........ofcourse i did test it for few weeks	14:23
<+T-stop>	k
<+jsbach>	my chart is showing a target at 1339.75	14:24
<pdays>	Shorts ER2 @ 725.8 «« paper »»
<+KN-ES>	i m on ur side.......jsbach.......till 42.50
<+jsbach>	so it looks like we are still bearish
<+pdays>	Covered 1/3 ER2 Short @ 725.3 --> + 0.5 «« paper »»
<+T-stop>	brb	14:25
<+jsbach>	double top at 51, looking at candlesticks, hourly
<+jsbach>	hehe
<+pdays>	Shorts ER2 @ 726.2 -> Add «« paper »»	14:29
<+jsbach>	short ES @ 1349
<+KN-ES>	how about avenged sevenfold?
<+Flex>	don't know
<+szubaark_away>	Market Dead again	14:39
<+szubaark_away>	Covered all Short ES at 1353.75 --> - 6 «« paper »»	14:43
	Buys ES @ 1353.75 «« paper »»
<+KN-ES>	perfect timing........for 56.50
<+codehead>	YM trendline break pop	14:44
<+szubaark_away>	looks bullish, lets see
<+KN-ES>	getting ready for 2nd game france & n.land	14:45
	just another push........
<+anglo>	thats one of my favorite videos flex
<+KN-ES>	i m not in trading at all. atleast for last few hrs	14:46
<+anglo>	amazing what an expert can really do	14:47
<+KN-ES>	bbl........either 56.50 or 45+-
	game is on......i can think anything else right now	14:48
	cannt
	still hunting stop loss
<+BigDawg291>	whats your stop?
<+KN-ES>	56.50	14:57
<@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	15:01
<+KN-ES>	Anglo, whats the tick value in CL?	15:04
<+rickf>	$10	15:05
<+KN-ES>	and the min move?	15:06
<+rickf>	http://www.openecry.com/traderstoolbox/c ontract.cfm
<+KN-ES>	.25 or .10?
<+rickf>	the mini - qm is $12.50/tick
<+anglo>	.01 = $10
<+KN-ES>	which one is better? cl or qm?
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)
<+silo>	Exited all ER2 Long @ 729.30 --> + 6 «« paper »»
<+anglo>	QM is untradable, except by idiots
<+rickf>	i've paper traded qm
	*cough*(	15:07
<+KN-ES>	which one has more volume?
<+rickf>	it's doable but you will have a heart attack
<+KN-ES>	me?
<+anglo>	CL
	QM has no volume. only idiots delve in there
<+rickf>	CL had a great chart today, too bad i missed it	15:08
<+KN-ES>	i m trying to open one
<+anglo>	If I knew what KN knows, I'd do only CL all day long
<+silo>	what's CL
<+KN-ES>	i can tell you what i know.........i m an idot and lazy	15:09
<+BigDawg291>	CL - crude oil
	?
<+silo>	i see
<+KN-ES>	yes, very lazy
	u have no idea
<+silo>	what's the CL symbol for tradestation anyone know?
<+KN-ES>	cl u08?
<+anglo>	CL N8	15:10
<+KN-ES>	cl n08
<+anglo>	July
<+KN-ES>	nymex?
<+anglo>	yes
<+silo>	hmmm maybe i dont have that quote
<+anglo>	it's today's biggest futures contract in the world	15:11
	trades more than all the stocks in the nyse and sp combined
<+KN-ES>	134.86?
<+anglo>	it had a $10,000 range a few days ago
<+rep1acs>	biggest in terms of?	15:12
<+T-stop>	y
<+KN-ES>	how much it cost for a contract, any idea?
<+anglo>	money changing hands from idiots to non idiots
<+rep1acs>	but how come the volume is not very big? around 200k contracts?	15:13
<+T-stop>	margin?
<+KN-ES>	nop
<+anglo>	I think ot's about $8,000 intraday margin or maybe more
	750k avg volume
<+rep1acs>	strange...my platform shows only 200k+
<+anglo>	slow day today	15:14
<+KN-ES>	let me chcek.......i can check in 4 platforms
<+anglo>	$3,000 range on a slow day...lol
<+KN-ES>	250 k	15:15
	in 3 of them
<+rep1acs>	not that big range compared to dax..
<+anglo>	todays volume is abnormally low
<+KN-ES>	looking at daily chart
	IB and TS showing 287k	15:16
<+anglo>	imo is faster than dax
<+rep1acs>	true
<+KN-ES>	yes	15:17
	its easier compare to dax or es	15:18
<+anglo>	if you can trade crude, everything else is a waste of time
<+rickf>	imho crude and dax are pretty comprable
<+KN-ES>	will try on monday, need some time with crude volume.........never tried crude b4
<+rickf>	in terms of price action -- blink and you're bigtime green or bigtime red
	lol
<+T-stop>	yep	15:19
<+KN-ES>	:)
<+rickf>	did it once to 'raise capital' on a paper account -- zmfg it scared me!
<+anglo>	try in a simulator
<+KN-ES>	lets make a team.........Anglo, T-Stop, rickf..............
<+rep1acs>	its traded on the pit isnt it?
<+KN-ES>	anyone wants to join?
<+rickf>	but when you catch a runner on crude, it can be a one-trade day
<+KN-ES>	rep1cs?
<+rickf>	pit and electronic
<+KN-ES>	rep1acs ?	15:20
<+anglo>	elec mostly now
<+rep1acs>	dont know how ppl could do it on the pit..
	KN?
<+rickf>	team for what?
<+KN-ES>	lets try CL on monday
<+T-stop>	also some nice moves once pit closes, with less stress
<+rep1acs>	im a supporter of the team	15:21
<+anglo>	even the simulator stresses me
<+rickf>	sure -- i'm paper trading it anyway
<+KN-ES>	to watch and may be trading CL
<+T-stop>	anglo lol
<+KN-ES>	:)
	lets try on Monday, will start with 4 contracts..........and will work from there
<+T-stop>	hehe
<+rickf>	lol....4.....why not, i can blow this acccount no problem!
<+szubaark_away>	Exited all Long ES at 1354.25 --> + 0.5 «« paper »»	15:22
<+T-stop>	lol
<+anglo>	its the most brutal and profitable market ever in the history of man and monkeys
<+KN-ES>	?
<+rickf>	anglo: yep
<+KN-ES>	we will see
	need somthing new, rather than es er and dax
<+T-stop>	those lvls can really disappear in a hurry
<+anglo>	if you can tr5ade it, you can be a multimillionaire in no time	15:23
<+KN-ES>	i dont want to
<+silo>	Long ER2 @ 728.90 «« paper »»
<+KN-ES>	i just want not to get bored
<+anglo>	then go and trade baseball cards
<+silo>	do a lot of traders trade CL
<+T-stop>	you wont get bored for sure
<+KN-ES>	so each tick $10
<+silo>	or just mainly big institutions
<+KN-ES>	like ER@
<+T-stop>	y
<+KN-ES>	hit and out	15:24
	Covered Remainder ES Short @ 1356.50 --> 0
<+silo>	Long ER2 @ 729.40 -> Add «« paper »»
<+T-stop>	now your free
<+anglo>	there is one guy there that just MOves the price
<+KN-ES>	where?	15:25
	in CL?
<+anglo>	its a guy or a computer
	but its fast
<+KN-ES>	:) ..... yes now i m free.......lost with last contracts ...... but not without a fight :)
<+T-stop>	not at all
	vvn
<+KN-ES>	4 hrs in a trade
	thanks	15:26
<+anglo>	that doesnt happen in cl I assure you
<+T-stop>	hehe
<+KN-ES>	are u sure anglo?
	now I have the chart infront of me.............:)
	we will see on monday
<+anglo>	try with a simulator is all I can teel you	15:27
<+silo>	kn
	it's cln08?
<+KN-ES>	yes	15:28
	let me go to my laptop
<+T-stop>	look at cl now, its so calm, actually some nice moves after pit close
<+KN-ES>	will be back in 2 min
<+szubaark_away>	Shorts ES @ 1354 «« paper »»
<+rickf>	short es 1354.5 paper
	looking for 49	15:32
<+szubaark_away>	only problem not much time left in the day	15:33
<+rickf>	exit 1/2 es 52.50 +2 paper
<+BigDawg291>	nice rick
<+rickf>	ty
	exit es remainder 53 +1.5 paper	15:37
<KN-ES>	anglo you lost me......who you said moves the price in CL?	15:38
<+rickf>	wtf	15:39
<+KN-ES>	wtf?
<+szubaark_away>	wow.. what a whipsaw	15:40
	Covered all Short ES at 1355.25 --> - 1.25 «« paper »»
<+rickf>	was like a zillion programs kicked on at once - never saw that before
<+szubaark_away>	Buys ES @ 1355.25 «« paper »»
	yeah, big boys wanna finish week strong LOL
	that was a nice Fakeout	15:41
<+BigDawg291>	tim russert passed away
<+rickf>	wha?
<+BigDawg291>	yeah	15:42
<+rickf>	yea
	see it
<+anglo>	exxon guy I suspect
<+rickf>	too bad i liked him	15:43
<+BigDawg291>	yeah	15:44
<+T-stop>	Anglo KN was asking you a ? earlier about this mystery man/computer trading CL
<+KN-ES>	he was a good man
<+szubaark_away>	Exited all Long ES at 1355.25 --> 0 «« paper »»
<+BigDawg291>	yes he was
<+anglo>	[15:42] <+anglo> exxon guy I suspect	15:45
<+szubaark_away>	Buys ES @ 1356.75 «« paper »»
<+anglo>	watch the market for a week
	and you tell me if a guy moves the price or not	15:46
	ONE guy
	it looks like it to me
	the only thing you have to do is to frontrun him	15:47
<+szubaark_away>	exit stop moved to breakeven ES @ 1356.75 «« paper »»	15:49
	lets see if they bust highs
<+T-stop>	nice lil CL move out of that channel
<+rickf>	geesh this is the WILDEST es i have seen in a long time	15:51
<+szubaark_away>	hopefully next week will be better. This has been Tough for me.
<+KN-ES>	see you all on monday.....looking to trade CL......have a nice weekend....and good trading	15:58
<+szubaark_away>	l8r
<+codehead>	have a good weekend szu
<+szubaark_away>	u too
<+silo>	Exited all ER2 Long @ 733 --> + 7.7 «« paper »»
<+KN-ES>	nice silo
<+szubaark_away>	wow.. nice silo
<+KN-ES>	u beat the market
<+rickf>	wtg	15:59
<+silo>	:P
	found a pretty useful tool
	:)
<+szubaark_away>	what?
	Exited all Long ES at 1362.25 --> + 5.5 «« paper »»	16:00
<+rickf>	nice szu	16:01
<+szubaark_away>	thanks.. i needed that to finish the week
<ItalianSharp>	amazing day...big rally at the open...then brutal chop...then sudden drop...then another rally	16:02
<+ItalianSharp>	funny how they waited the last 15min to rally
	on a friday evening
	:)
* +rickf	set up for a big fall on monday after LEH reports	16:03
<+szubaark_away>	Italian, what do you expect from the S&(*^%
<+silo>	https://www.tradestation.com/Discussions /Topic.aspx?Topic_ID=77746
	this thing helped me out a bit today
	take a look
<+ItalianSharp>	no matter what they say, this market isnt that weak
	today it could have tanked easily and yet someone was buying into the close	16:04
	bear markets have sellers into teh close, not buyers
<+anglo>	need a password silo	16:05
<+rickf>	the market may not be weak (ie equities) but the economic news that moves the markets is horendous
<+anglo>	copypaste it here please
<+rickf>	yeah that's weird - is TS so 'elite' they need to pw-protect their discussion forum?	16:06
<+ItalianSharp>	rick, what's the best time for big boys to buy if not on bad news?	16:07
<+rickf>	:)
<+ItalianSharp>	they sell good news and buy bad news
<+KN-ES>	.TEST
<+rickf>	i agree
<+T-stop>	y
<+KN-ES>	Exited all CL Long @ 1 --> - 1341.75
<+rickf>	was talking to my broker this morning
<+KN-ES>	.END
<+ItalianSharp>	reason why i quit interpreting news...i dont even wanna know whether they are good or bad
<+rickf>	said this was the first time in a long time he "had no recommendations" for his clients	16:08
	in terms of buying equities
<+ItalianSharp>	then its time to buy
<+silo>	let me post a picture of this tool i used today	16:09
	http://img291.imageshack.us/my.php?image =premiumzc6.png	16:10
	that's er2's chart
<+Brutus_>	http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={e21c5 700-f2f2-40b5-9db2-fbe5645bdb30}
<+silo>	3min
	i tried a few shorts today... but then i looked back and noticed the behavior	16:11
	that there seemed to be support from buyers
<+rickf>	what is that indicator/tool?
<+silo>	shown by the green bars
	it tracks the index premium
	differences between futures and cash index	16:12
	you see the semi big red bar inbetween the first 2 circles i made?
	i tried trading that one
	short
	didn't work out
	reversed long
	and hten i realized that since the first circle	16:13
	there seems to be more supports from buyers today
	so after i reversed long after the second circle
	i just basically left my long
	then the third circle area showed up
	as more buyers came in
	the white lines i have on the indicators	16:14
	those i put them in
	i use the middle of hte trading day to give me an idea of the dryup level
<+rickf>	is that something in tradestation, or some particular thing you scripted?
<+silo>	so whenever the green/red bar goes above that level
<+rickf>	interestinh
<+silo>	i pay especial attentions to
	it's for tradestation	16:15
	i've been testing this indicator today and yesterday
<+rickf>	can you post an pic of the es?
<+silo>	that is the ES actually	16:16
	my mistake
	i have the premium for er2, nq as well
<+rickf>	duh
	lol
<+silo>	but this es seems more responsive
	probably because there's more volume there
	so it shows better
	of course it's just a tool for monitoring	16:17
<+rickf>	interesting indicator to help keep you together
<+silo>	not a tool to base trade entries on
<+rickf>	yep
<+silo>	needs further testing anyway
	:)
<anglo>	can you repost please? got disconnected
<+rickf>	is amazing how many indicator/stechniques/methods there are	16:18
	and how many folks can read different things into them	16:19
<+silo>	haha yeah
	i'll keep testing it
	see if it's really worth looking at
<+anglo>	can you repost the link silo please?	16:21
<+silo>	http://img291.imageshack.us/my.php?image =premiumzc6.png	16:23
<+rickf>	ok guys have a good night and weekend -- see you next week	16:25
<+T-stop>	cya	16:26
<+anglo>	thanks a lot silo	16:31
	haf a nice wikend everyone
<+werner>	gn all	16:52
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