#FuturesTrades June 14th Monday 2007 Trade Log

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: Thu Jun 14 09:26:47 2007Session Ident: #futurestrades
* Now	talking in #futurestrades	09:26
<X>	[NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<PapaJon>	gm all	09:27
<jperl>	Very congested opening chart for ER2 this morning....	09:28
	http://charts.dacharts.com/2007-06-14/JP ERL_0112.png
	free space up above 842.84
<base>	gm all	09:29
	Just closed overnight Long position on ER2 --> +3.0	09:31
	Now I am ready to loose. :)
<eminitrader>	nice start ..	09:32
<NihabaAshi>	Agree
<base>	Yes, but on the other hand, I am probably better in trading overnight than intraday.	09:33
<pat255>	vn base..
<NihabaAshi>	Long ER2 @ 842.60 -> medium size
<base>	Thanks all
<NihabaAshi>	Exited 2/3 ER2 Long @ 844.30 --> + 1.7	09:35
<intowin>	nice start
<NihabaAshi>	Yep considering I have some data problems right now.	09:36
<base>	Hm, I closed it too early.
<szubaark>	Shorts ES @ 1533 «« paper »»
<base>	ER2 is at R1.	09:37
* lesAway	is now known as les	09:40
<les>	Long ER2 @ 845 «« paper »»	09:41
<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)	09:42
* codehead_afk	is now known as codehead	09:43
<jperl>	ER2 @ VWAP 843.73	09:45
<les>	Long ER2 @ 844.4 -> Add «« paper »»	09:46
<szubaark>	Covered all Short ES at 1535.50 --> - 2.5 «« paper »»	09:47
<NihabaAshi>	Long ER2 @ 844.90 -> Add	09:48
<les>	Exited 1/3 ER2 Long @ 845.3 --> + 0.9 «« paper »»
	Exited 1/3 ER2 Long @ 846 --> + 1 «« paper »»	09:49
<NihabaAshi>	I was a little slow via doing too much "overanalysis"...my add signal was at 844.60
<RussellDaytrade>	small short here
<NihabaAshi>	Regardless, the surprising volatility saved my butt on that ADD because it was a late entry.
<RussellDaytrade>	did not participate in upleg
<NihabaAshi>	Exited 1/2 ER2 Long @ 846.30 --> + 1.4	09:50
<les>	i'm hoping it makes 47.6 for the 2nd leg
<NihabaAshi>	Holding 2 contract remainders from the original entry.	09:51
<les>	exit stop raised ER2 @ 845.2 «« paper »»	09:52
<base>	I have been testing new entry method and accidentally went 845.50 - 846.50 (+1) in 7 secs. :)
<intowin>	teach me that entry meathod please : )
<NihabaAshi>	Exited ER2 Long @ 847.00 --> + 4.4	09:53
	Holding 1 contract remainder.
<pat255>	vn guys ..	09:54
<intowin>	Niha you may be able to go home early today : )
<eminitrader>	lol	09:55
<les>	exit stop raised ER2 @ 846.1 «« paper »»
<eminitrader>	kinda start i wld love niha nice :)
<base>	intowin: I do not believe it is going to be that good. :) I am trying to combine candlestick formations with MACD, because I often enter a position too early.
<les>	reached 2nd leg prediction without much trouble
<base>	NihabaAshi: It is devastating profit. :)
<eminitrader>	Shorts ES @ 1537	09:56
<les>	Exited Remainder ER2 Long @ 846.1 --> + 1.1 «« paper »»
	wrong
	Exited Remainder ER2 Long @ 847.1 --> + 2.1 «« paper »»	09:57
<szubaark>	Shorts ES @ 1536.50 «« paper »»
<base>	Yes, it's better. :)
	NihabaAshi: Do you think ER2 will break 850 today?	09:58
<les>	Long ER2 @ 847.4 «« paper »»	09:59
<NihabaAshi>	I'm looking at 848.90 as a profit target for my remainder if a WRB forms at/above that price area.
<eminitrader>	Shorts ES @ 1538 -> Add	10:00
<NihabaAshi>	850 is not that far away especially for ER2.
<les>	Exited all ER2 Long @ 846.7 --> - 0.7 «« paper »»	10:02
<ItalianSharp>	must be a boring day so far for those who didn't jump on the bulls bandwagon on time...:(	10:03
	i am one of those buy the way	10:04
<RussellDaytrade>	I have a nearby t of 844 area, lomger swing 839 area	10:06
<NihabaAshi>	Hopefully ER2 can stay above the reaction high @ 845.90 of June 11th to keep those Breakout traders that bought today when it went above 845.90 from dumping their position if ER2 drops below it on the 15min chart
	ER2 now below that "reaction high"...the key now is the current 15min chart White WRB to provide support to encourage Bulls not to give up and to start buying again.	10:08
<base>	I also bet on bulls, I am long already.	10:12
<eminitrader>	Covered all ES Short @ 1528 --> + 19	10:15
<base>	eminitrader: You are kidding. ...? :)	10:16
<eminitrader>	Covered ES Short @ 1538 --> - 1
	Reverse and Enter Long ES @ 1538
	thats better
<RussellDaytrade>	setting new profit envelope there
<eminitrader>	hope its not a creepy trend day	10:17
	Long ES @ 1537.25 -> Add	10:18
<base>	Actually, there is a pivot line on ER2 at 45.90	10:20
<eminitrader>	Exited ES Long @ 1537.50 --> - 0.5	10:21
	Reverse and Enter Short ES @ 1537.50
<base>	NihabaAshi: Can the WRB formation be seen on a volume chart only?	10:22
<NihabaAshi>	You mean time chart because time charts are different from "volume based charts".	10:24
	Time charts are the normal charts we see that most traders use.	10:25
	Volume Based Charts (VBC) ignore the time element.
	Actually, that's not exactly how I wanted to explain it but its close.	10:26
<base>	I mean nothing, because I do not know where the WRB can be seen. So you are using regular time charts? Can I read somewhere about WRB?
<NihabaAshi>	Thus, WRB can be seen on time charts, volume based charts or continous tick charts.
<RussellDaytrade>	closed half on that drop	10:27
<NihabaAshi>	base...go to http://thestrategylab.com/forum/index.ph p?topic=87.0	10:28
<base>	NihabaAshi: Thank you very much.
<NihabaAshi>	I'll be soon starting some WRB Analysis Tutorials but I've only posted one Tutorial so far...	10:29
<pat255>	thks niha..
<NihabaAshi>	I'm still trying to figure out a problem at my forum to merge some info.
<pat255>	it is on your site?
<codehead>	thx niha
<NihabaAshi>	Once I get that fixed...I'll post 1-2 different WRB Analysis Tutorials per week.
	pat255...yes..that's the new discussion forum.	10:30
<eminitrader>	Covered ES Short @ 1538 --> - 0.5
	Reverse and Enter Long ES @ 1538
<NihabaAshi>	It's the same forum that contains the log-in instructions for #FuturesTrades.
<base>	NihabaAshi: If you have any Linux/SQL/PHP/maybe other technical problem, I can help you.
<szubaark>	Covered all Short ES at 1538.25 --> - 1.75 «« paper »»
<eminitrader>	looks like an uptrend day
<szubaark>	Buys ES @ 1538.25 «« paper »»	10:31
<NihabaAshi>	Thanks base.
<eminitrader>	Exited 1/2 ES Long @ 1540 --> + 2.75
<base>	NihabaAshi: You are welcome, any time you like. I very appreciate the opportunity to be with all of you here.	10:37
<les>	Long ER2 @ 848 «« paper »»	10:38
<NihabaAshi>	[09:59] <NihabaAshi> I'm looking at 848.90 as a profit target for my remainder if a WRB forms at/above that price area.	10:39
	I got the gap fill but no WRB when it reached 848.90
	Maybe if it makes a second attempt after some declining ranges...
	It will set up a volatility spike to the upside that results as a WRB.	10:40
<les>	Exited 1/3 ER2 Long @ 848.8 --> + 0.8 «« paper »»	10:41
<eminitrader>	Exited 1/3 ES Long @ 1542 --> + 4	10:42
<szubaark>	nice
<eminitrader>	u too szu	10:43
<NihabaAshi>	Exited Remainder ER2 Long @ 849.10 --> + 6.5
<intowin>	nice going guys...
<base>	Nice emini and niha.
<pat255>	wtg guys ..& les for that L...
<NihabaAshi>	Decided not to wait on the WRB and just take the GAP fill.	10:44
	Thanks
<eminitrader>	thx b,pat
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)
<RussellDaytrade>	wat to ride those trades guys.
<szubaark>	Exited all Long ES at 1540.25 --> + 2 «« paper »»
<RussellDaytrade>	added another short 849
<NihabaAshi>	Crazy difference between today and yesterday for me.	10:45
<szubaark>	Shorts ES @ 1540.25 «« paper »»
<NihabaAshi>	My profit today one ONE trader almost equals my profit yesterday of 22 trades.
	Meant "one trade"
<codehead>	i shorted YM 13696 but got cold feet and took 3 ticks :-P
	idea was to short the touch of R1	10:46
<ItalianSharp>	Niha, can you watch ST Room whenever you get a chance?
<eminitrader>	be back ...stop @ b/e with buys @ 1535.50 and 1537	10:47
<RussellDaytrade>	took one off	10:50
<base>	Actually, the ER2 price upmove has been stopped by the R2 level at 849.50.	10:51
<jperl>	I've got a headache...so quitting for the morning....	10:55
	trades here...	10:56
	http://charts.dacharts.com/2007-06-14/JP ERL_0113.png
<base>	jperl: Take a care ...
<jperl>	last trades were a graceful exit
<szubaark>	Covered all Short ES at 1539 --> + 1.25 «« paper »»	10:59
	Buys ES @ 1539.25 «« paper »»	11:01
<eminitrader>	Exited all ES Long @ 1538 --> 0	11:03
<pat255>	nice reversal em was late & should have chased ...
<RussellDaytrade>	I htink there is a good chance mkt closes negative today	11:04
<eminitrader>	yes..might happen in pm session	11:05
	cancelled buy @ 1537.50	11:06
	have buy @ 1536.50
	Long ES @ 1536.50	11:09
	Long ES @ 1537 -> Add	11:12
<szubaark>	Exited all Long ES at 1536 --> - 3.25 «« paper »»	11:14
	Buys ES @ 1536.50 «« paper »»	11:15
<NihabaAshi>	ER2 is back below that s/r zone of the reaction high of June 11th.
<eminitrader>	Exited 1/2 ES Long @ 1536.50 --> - 0.5	11:16
<RussellDaytrade>	flat here, hoping it bounces a little to get short entry agin	11:17
	traded that more conservatively then I prefer, working my way to it little by little. :)	11:18
<eminitrader>	sell not yet there on the ES ...will prolly try testing the high before it falls ...	11:19
* les	is now known as lesAway
<eminitrader>	if it wants to fall that is	11:20
<RussellDaytrade>	seems like it may be a strch to see the highs agin, although it ain't far pointwise, visually it appears too far
	relative to where it came from, etc
<pdays>	Long ER2 @ 845.6	11:21
<RussellDaytrade>	the lows of yesterday, ie, the complete price structure
<eminitrader>	true rd ...ours is just speculation ....anything can happen
<pdays>	Exited all ER2 Long @ 846.0 --> + 0.4
<eminitrader>	Long ES @ 1536 -> Add	11:23
	Exited 1/3 ES Long @ 1537 --> + 1	11:29
	Exited 1/3 ES Long @ 1538.50 --> + 2	11:33
	exit stop moved to breakeven ES @ 1536.25	11:34
<RussellDaytrade>	dang, go to get breakfast, miss my sell entry. :)
<eminitrader>	nice bounce off the supp area ...shld see if there is followthru	11:35
	not to worry rd ...day still young :)
<RussellDaytrade>	was just thinking the same, gonna give it a litle time. one of the more challengiong things for me is re-entering at lower prices, in the case of a short, and higher pcs in longs, I think if it breaks 845, its a sell, but I know it will be hard for me to take the trade,,,	11:38
	trying to force myself into them, to accerlarate the learning process	11:39
<eminitrader>	same pb here ...i am not comfortable chasing cause the stop jums to a higher level than i'm comfortable with
	so i either have to reduce size ...even though i'm pretty much sure trade is in the right direction	11:40
	or take a much larger risk...	11:41
<pat255>	good point guys ...same prob ..but hate to chase but like today even chasing helps ..	11:42
<eminitrader>	so it just depends on if i'm profitable enough before taking the trade such that it can sustain the stiop if hit or i just skip the entry
<pat255>	agree em... to star the day +ve is the key ...
	start	11:43
<eminitrader>	right ...
	it helps take trades like u mentioned today
<pat255>	yes ..
<intowin>	No trades for me today. I am on the way out. Heading 100 miles off shore to do some spearfishing. Very nice morning--->to all of you!	11:44
<eminitrader>	again dont want to get into the chasing habit unless we r pretty good at identifying the flow such days...we gotto remember that this kinda days r prolly once/twice a month
<pat255>	niha good at it ..reversing & all that ..	11:45
<eminitrader>	not the question of reversing pat ...its the question of whether being able to id an trend day
<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)
<intowin>	44.90 er
<eminitrader>	so that we can chase the mrkt on days like today..	11:46
<pat255>	yes em ..very true
<szubaark>	Exited all Long ES at 1536.50 --> 0 «« paper »»
<eminitrader>	will get slaughtered if we do it every time the mrkt makes a move
<pat255>	yes ..u have to be very careful..	11:47
<eminitrader>	Exited Remainder ES Long @ 1536.25 --> - 0.25
	thats b/e on the avg
<RussellDaytrade>	going to sign-off for an hour or so to fre up some bandwith, another ninjatrader webinar this am that begins shortly, sweet little drop there	11:56
<szubaark>	Buys ES @ 1536.25 «« paper »»	12:11
<pat255>	c u al later ty all	12:14
<eminitrader>	Shorts ES @ 1538.50	12:22
	2 only	12:23
	Covered all ES Short @ 1539 --> - 0.5
	Shorts ES @ 1538.75	12:24
<Littman>	good price to go short on ER	12:25
<szubaark>	Exited all Long ES at 1538.50 --> + 2.25 «« paper »»	12:31
<eminitrader>	nice szu...	12:32
<szubaark>	thnx..
<eminitrader>	Covered 1/2 ES Short @ 1537.75 --> + 1	12:40
	Covered Remainder ES Short @ 1538.75 --> 0	12:47
<NihabaAshi>	Long ER2 @ 846.40 -> small size	13:03
	2 contracts only
	ER2 volatility is declining...I'm expecting a volatility spike here soon.	13:05
	Hopefully in the direction of my trade.
	Long ER2 @ 846.10 -> Add	13:06
	I had an easy s/r zone to use for an ADD signal.
	Exited 1/3 ER2 Long @ 846.60 --> + 0.5	13:07
	That was a WRB exit and I had a trade management error via only exiting 1 contract when I should have exited all 3 contracts.	13:09
	Long ER2 @ 845.90 -> Add	13:10
<ItalianSharp>	volatility is very low today...my guess is that the big boys are taking a breathing ahead of tomorrow's CPI numbers	13:14
<NihabaAshi>	Exited 1/3 ER2 Long @ 846.10 --> + 0.2	13:15
	Agree.
	Market just taking a rest after yesterday and today's early morning performance.
<ItalianSharp>	yep...at the same time i've noticed that once the market tries to fall, there is some buying keeping them up	13:17
<NihabaAshi>	I have a stop in place...will post late trade when I return...some home problems with the kids here.
* NihabaAshi	is now known as NihabaAshi_away
<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)	13:51
<eminitrader>	Long ES @ 1537.50	13:54
* NihabaAshi_away	is now known as NihabaAshi	13:58
<NihabaAshi>	Ok...I'm back.
	Late trade post.
	Exited Remainder ER2 Long @ 845.30 --> - 1.1
<RussellDaytrade>	es seems sticky relative to er	13:59
<Desert_Flen>	crazy6 market today...
<eminitrader>	Exited all ES Long @ 1537.50 --> 0	14:01
<NihabaAshi>	Shorts ER2 @ 844.50 -> small size	14:02
	2 contracts only
<ItalianSharp>	mkts kinda choppy right now...i am not sure we'll see any major breakout either side for the remainder of the day
	i'm calling it quits early now and be back tomorrow when CPI numbers hopefully will generate some good volatility	14:03
<NihabaAshi>	It's choppy here because its testing the price action of the recent Dark WRB on the 3min chart.	14:04
<ItalianSharp>	niha, all WRBs are retraced fairly quickly...symptom of chop	14:05
	volumes are also very low, which shows very little participation from institutionals	14:06
<NihabaAshi>	Shorts ER2 @ 844.80 -> Add
<RussellDaytrade>	what the ppi giveth, the cpi taketh awayeth (Ethyl Thayer)
<NihabaAshi>	Italian...agree...very little institutional participation.
<ItalianSharp>	nice one RD
<RussellDaytrade>	:)	14:07
<ItalianSharp>	funny thing is that european indices are way more bullish than US eminis
	FTSE making new highs right now	14:08
<NihabaAshi>	Italian...do you know why FTSE is making new highs ???
<ItalianSharp>	no clue Niha
<NihabaAshi>	It's one of the charts I can't pull up today :(	14:09
<ItalianSharp>	Oooppss....
	I'll take it back Niha, forget about it
<NihabaAshi>	:)
<ItalianSharp>	FTSE closes at 12.30pm
<Desert_Flen>	any particular methodology used here?
<ItalianSharp>	my chart on FTSE was from almost 2 hrs ago
<NihabaAshi>	Desert...in reference to trading the FTSE ?	14:10
<Desert_Flen>	testing the 36.50 again
	markets in general. I trade Fibs and trendlines.
	Or try to... LOL
<NihabaAshi>	I mainly do WRB Analysis and some intuition trades	14:11
	ER2 probed that Dark WRB upper s/r zone very good in a declining volatility...	14:12
	I'm expecting a volatility spike here soon...hopefully down.
<RussellDaytrade>	mkt feels like its in super-slo-mo	14:13
<Desert_Flen>	Fibs 42.00 to 33.75 then .382 = 37.00 .618 = 38.75	14:15
	market riding the range middle of the day.
	tested that 36.50 support several times and lower high retracements. Favors the short side, me thinks.	14:16
<NihabaAshi>	Covered 1/3 ER2 Short @ 845.20 --> - 0.4
<Desert_Flen>	'course 'da market gonna do what 'da market gonna do. It don't listen to me.	14:17
<eminitrader>	:))
<jperl>	that's because you don't scream at it loud enough
<eminitrader>	lol
	or its totally deaf	14:18
<RussellDaytrade>	I tried that this am, it worked!
<eminitrader>	hehehehe
<RussellDaytrade>	beats praying
<eminitrader>	anytime..
<RussellDaytrade>	with all due respect
	I may have interspersed a prayer in there too, come to think of it	14:21
<Desert_Flen>	ready to short? 36.50 supported again. I'll go long off it next time so it will fail.	14:22
<eminitrader>	i;ll take a rain check...see u all tomorow
<RussellDaytrade>	I cannot identify an edge at this moment	14:23
<NihabaAshi>	Covered ER2 Short @ 845.50 --> - 1	14:25
	Reverse and Enter Long ER2 @ 845.50
<jperl>	ER2 VWAP @ 845.87
	peak volume @ 846.40
<ItalianSharp>	RD, thank god I identified my edge half hr ago when I decided to call it quits for the day	14:31
<Desert_Flen>	ES been two hours in this range. I have to remind myself, no position, IS a position. Watching...	14:32
<ItalianSharp>	If someone were pointing a gun at my temple and asked me to pick a side, I'd say long...YM has been flirting around with June 6th High all day...there is a big gap to fill up there and we might see an attempt to new highs...the ranges are getting narrower and narrower and we still have 1hr and 30mins to go	14:33
<RussellDaytrade>	my work suggests this travels to 846.85...got another that suggests a possible 851.5, thought he latter, which is a bigger swing, seems too much. the 846.8 is scheduled for appearance at 12:41	14:34
<ItalianSharp>	Usually when a breakout fails, it does so fairly quickly...the fact that YM hasn't been dumped yet kind of tells me that it may want to give it another shot
<RussellDaytrade>	es has not given back an inch, may be indicative of higher this pm/close, etc	14:35
<NihabaAshi>	Exited all ER2 Long @ 846.40 --> + 0.9	14:36
	Long ER2 @ 846.40 -> small size
<ItalianSharp>	here they go...let's see if it's just a fakeout
<RussellDaytrade>	volume bar on the er, it may build price up off that larger vol	14:37
<ItalianSharp>	lots of buying right now...YM very likely new highs	14:38
<NihabaAshi>	Volatility has declined to the point to setup another volatility spike.	14:43
<ItalianSharp>	wow, this thing looks like it's ready to explode any time...the thing is: it's not exploding...lol
<NihabaAshi>	Long ER2 @ 846.10 -> Add
<RussellDaytrade>	definitely a slow aspect to it right now
<ItalianSharp>	nice add niha	14:44
<NihabaAshi>	Exited 1/3 ER2 Long @ 846.60 --> + 0.5	14:46
<ItalianSharp>	wow, worse than giving birth here...
<NihabaAshi>	Very similar to my prior losing Short :(	14:47
	Long ER2 @ 846.10 -> Add
<ItalianSharp>	YM came 4 ticks shy of new highs...let's see if this little retracement was just made to spook some bulls
	YM 2 ticks shy of new highs now	14:49
<ripsboy>	short ER2 845.90 ***paper***	14:50
	cover short @ 845.20 +.07	14:51
	correction +.70	14:52
<NihabaAshi>	Exited ER2 Long @ 845.20 --> - 1.2	14:54
	Reverse and Enter Short ER2 @ 845.20
	I got trapped in that 1 point noise going both ways.	14:55
	That's a big Dark WRB...
	They've been easily retraced in this chop.
WRB Analysis	Learn More
<ItalianSharp>	guess them bulls must feel pretty damned trapped now after putting up an almost valid double top and failing	14:56
	niha, only a breakout of a 843 within the next couple of intervals would give us clues that volatility might be picking up...
	If not, back in the chop again and it's anybodys game there	14:57
<NihabaAshi>	Covered all ER2 Short @ 844.50 --> + 0.7	14:58
<ItalianSharp>	Wow, YM being moved around like a yo-yo...this is what happens when volumes are low
	and no big boys in the game
	some hedge fund throws a bunch of contracts in there and can move the market	14:59
<NihabaAshi>	Long ER2 @ 845.00 -> small size	15:07
	Volatility dead again :(	15:08
	This time I'm not going to hang around and get nailed.
	Exited all ER2 Long @ 845.20 --> + 0.2
	punks	15:09
<base>	:)	15:10
<jperl>	done for today.....bunch of good scalp trades this afternoon...	15:11
	http://charts.dacharts.com/2007-06-14/JP ERL_0114.png
<base>	I am long since 844.80 and waiting for +1.0, I was +0.9 already and I did not exit.
<NihabaAshi>	Long ER2 @ 844.90 -> small size	15:17
<base>	Exited at 845.80 --> +1.0	15:21
<NihabaAshi>	Exited all ER2 Long @ 846.20 --> + 1.3	15:22
	Finally some light at the end of the tunnel this afternoon :)
<base>	Yeah :)
<jperl>	hopefully not the headlight of an on coming train	15:23
<base>	ROTFL
	I am done for today. Thank you and nice afternoon/evening all.	15:24
<NihabaAshi>	On that note...I'm done also...want to end the day with a positive trade.	15:25
<codehead>	niha--i think you posted a link to something you did--i exited to update irc client and lost it--can't you post again?
<NihabaAshi>	I don't understand...	15:26
	Log in link ?
<codehead>	well, you said you were doing lesson/tutorial or something, said you did one--i thought you posted a link but didn't have time to check it right then	15:27
	on wrb i think
	didn't have time to read at the moment, so could be way off
	i found it	15:40
	on site	15:41
<werner>	gn all	15:49
<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)	15:54
<NihabaAshi>	Yes codehead...I had some posting problems with the images I wanted to embedd into the tutorials.	15:57
	I finally figure out that it was a different html code and got it working.
	I'll use tomorrow to begin posting the tutorials and get them up to date.
<codehead>	thx for the info niha--see everyone tomorrow	16:22
* codehead	is now known as codehead_afk
<NihabaAshi>	Take care all and see all tomorrow	16:26
* DisconnectedSession	Close: Thu Jun 14 16:34:59 2007	16:34
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