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#FuturesTrades June 26th Tuesday 2007 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+21.00	+257.40	+1637.80
$2,100	$25,740	$163,780

click on image to view actual size

Current Performance Record

Advanced Swing Trading

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 26 09:28:55 2007Session Ident: #futurestrades

* Now talking in #futurestrades 09:28

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

<venedom> gm 09:29

Shorts ER2 @ 838.50 09:30

<eminitrader> Shorts ES @ 1516.50 09:31

<venedom> Shorts ER2 @ 838.90 -> Add 09:32

<jperl> ER2 opens at yesterdays VWAP 838.50

<NihabaAshi> Shorts ER2 @ 838.20 -> medium size

<jperl> 2 day VWAP @ 839.50 09:33

<venedom> Covered 1/2 ER2 Short @ 837.8 --> + 1.1

Covered Remainder ER2 Short @ 838 --> + 0.5 09:34

<eminitrader> Covered 1/2 ES Short @ 1514.50 --> + 2 09:35

Shorts ES @ 1516 -> Add 09:36

<NihabaAshi> Covered all ER2 Short @ 837.80 --> + 0.4 09:37

<eminitrader> Shorts ES @ 1517 -> Add 09:38

<venedom> Shorts ER2 @ 838.70 09:39

<eminitrader> holding 15

<venedom> Covered all ER2 Short @ 838.50 --> + 0.2 09:40

<NihabaAshi> Shorts ER2 @ 838.60 -> small size 09:41

Ooops...trade error... 09:42

Covered all ER2 Short @ 838.40 --> + 0.2

Long ER2 @ 838.20 -> small size 09:43

Exited ER2 Long @ 837.30 --> - 0.9 09:45

Long ER2 @ 837.40 -> small size

<Brutus> 1000/1400 Jun Richmond Fed Mfg Index -10 09:46

1000/1400 Jun Conference Board Consumer Confidence 105.0 108.0

Index

1000/1400 May New Home Sales -5.7% +16.2%

<NihabaAshi> Exited ER2 Long @ 836.80 --> - 0.6 09:47

<eminitrader> Covered 1/3 ES Short @ 1515 --> + 2

Covered 1/3 ES Short @ 1515.50 --> + 1 09:50

<NihabaAshi> Long ER2 @ 836.90 -> medium size

<eminitrader> Covered ES Short @ 1515 --> + 1.5 09:54

holding 2

<pat255> vn em..

<eminitrader> thx pat

<les> Long ER2 @ 836.9 «« paper »»

<eminitrader> exit stop moved to breakeven ES @ 1516.50

<les> Exited 1/3 ER2 Long @ 837.7 --> + 0.8 «« paper »» 09:55

<eminitrader> Covered Remainder ES Short @ 1516.50 --> 0

<les> Exited 1/3 ER2 Long @ 837.8 --> + 0.9 «« paper »» 09:56

exit stop raised ER2 @ 837 «« paper »»

<NihabaAshi> Exited all ER2 Long @ 837.30 --> + 0.4 09:57

Tough jumpy prices. 09:58

<les> Trailing Stop Hit ER2 @ 837 --> + 0.1 «« paper »»

looks like small pickings today

<NihabaAshi> Hopefully the 10am est economic info will shake things up nicely. 09:59

<eminitrader> Shorts ES @ 1516.25 10:00

5 only

<NihabaAshi> Long ER2 @ 837.60 -> small size 10:01

Long ER2 @ 838.40 -> Add

<eminitrader> Covered all ES Short @ 1518 --> - 1.75 10:02

<Awash> bounce at GAP Close

<NihabaAshi> If the chop goes away I can start doing some size more than 1-2 contracts. 10:03

Until then...I'm going to keep it small size until I see more volatility and less chop. 10:04

<jperl> VWAP @ 837.70

peak volume holding at 838.10 10:05

<eminitrader> Long ES @ 1515.75

Exited ES Long @ 1515.25 --> - 0.5 10:06

Reverse and Enter Short ES @ 1515.25

10 lot

<NihabaAshi> Exited all ER2 Long @ 835.80 --> - 4.4 10:07

<RussellDaytrade> 835.08 or so fulfills my target expectation on this leg 10:08

<NihabaAshi> Shorts ER2 @ 835.30 -> large size 10:10

<les> Shorts ER2 @ 835.2 «« paper »» 10:11

<eminitrader> Covered 1/2 ES Short @ 1512.25 --> + 3 10:12

<intowin> nice morning E

<eminitrader> that takes care of the earlier loss :))

thx itw 10:13

holding 5

Covered ES Short @ 1513.75 --> + 1.5 10:17

holding 2 10:18

<NihabaAshi> Covered all ER2 Short @ 835.10 --> + 0.2

This price action is making us earn every penny the hard way :(

<les> down we go

<pat255> man just spiky ... 10:19

<les> more down coming 10:20

<NihabaAshi> Shorts ER2 @ 834.50 -> large size

<les> Covered 2/3 ER2 Short @ 834 --> + 1.2 «« paper »» 10:21

exit stop lowered ER2 @ 834.9 «« paper »»

<NihabaAshi> It's very easy to have patience when its not bouncing around like some kid on a trampoline :) 10:23

Thus, my patienced has been pushed to the limits already this morning.

One early exit, one trade error and one late exit is a tough morning of trading so far. 10:24

<les> Trailing Stop Hit ER2 @ 834.9 --> + 0.3 «« paper »»

<jperl> peak volume still holding up at 838.10

<Brutus> Long ES @ 1512.25 «« paper »» 10:25

<Awash> Shorts ES @ 1511 10:27

<Brutus> Exited ES Long @ 1511 --> - 1.25 «« paper »» 10:28

<NihabaAshi> I'm obviously pssst and greed at the same time.

Will take a break from trading after I close this position.

Covered all ER2 Short @ 832.50 --> + 2 10:30

* NihabaAshi is now known as NihabaAshi_away

<les> Shorts ER2 @ 832.9 «« paper »»

<jperl> didn't stick with any trades this morning.....to much jumping around.... 10:31

http://charts.dacharts.com/2007-06-26/JP ERL_0119.png

<Awash> Covered all ES Short @ 1513 --> - 2 10:37

<eminitrader> Shorts ES @ 1514.75 -> Add 10:38

holding 5

<RussellDaytrade> gonna be one of those, huh

* PapaJon is now known as Papa_afk 10:39

<RussellDaytrade> flat, early entry on long, early exit too

<les> Shorts ER2 @ 835.2 -> Add «« paper »» 10:40

<jperl> peak volume still at 838.10 10:41

but slowly building here @ 834.80 10:42

ok peak volume now at 834.80 10:43

<eminitrader> Covered 2/3 ES Short @ 1512.75 --> + 2 10:46

holding 2

exit stop moved to breakeven ES @ 1515.25 10:47

<RussellDaytrade> scaling in long 10:48

<eminitrader> Covered ES Short @ 1511.25 --> + 4 10:49

holding 1`

<pat255> vn em ...

<eminitrader> thx pat

<Awash> Shorts ES @ 1511.50 10:50

late entry, chased a bit

<les> Covered 2/3 ER2 Short @ 832.9 --> + 2.3 «« paper »» 10:51

holding one 10:52

<ItalianSharp> jeees....i think i've just seen what program buying is...lol 10:55

<les> yep... big one a few secs a go 10:56

<ItalianSharp> i was short YM and 16 pts in the money...all of a sudden i was at BE...:((

<les> exit stop lowered ER2 @ 833 «« paper »»

<Awash> this support level is key

<les> yuh.. big fight on here 10:57

<ItalianSharp> i'm not liking this price action at all...and considering we have the FOMC on thursday, i am starting to question whether traders still wanna hammer these markets ahead of the annoucement

<les> shorts have it so far

esp if ym and nq follow 10:58

<jperl> ER2 about to touch it's 1 year 1st StdDev 830.90

<les> IOW it just went titsup

<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) 10:59

<ItalianSharp> jees...unreal...they are hammering these things hard

<les> exit stop lowered ER2 @ 831.9 «« paper »»

<eminitrader> Covered Remainder ES Short @ 1507.25 --> + 8

<Brutus> vn e 11:00

<pat255> wow em ..u are officially Knighted ..:)

<ItalianSharp> nice one emini...nice to see you back to the old days...:)

<eminitrader> thx B, IS

<szubaark> +8 on ES is no joke :)

<Awash> nice one E

<eminitrader> just had a good day pat ...nothing more

<ItalianSharp> you need as fast fingers as clint eastwood in the ole' western movies here...

<Awash> good patience

<eminitrader> thx A 11:01

<les> more downside to come

<RussellDaytrade> attaboy!

<ItalianSharp> when it looked like the bulls might catch a break...bam! they got hammered again 11:02

<Awash> Covered all ES Short @ 1509.25 --> + 2.25 11:04

initial target was near 1506 11:05

bummer trade 11:06

<pat255> not bad awash ...made some

<les> Covered Remainder ER2 Short @ 831.4 --> + 1.5 «« paper »»

<Awash> fast market today 11:07

you can't stop and think on days like this

you have to make the split second decisions

<RussellDaytrade> flat, out, up 840 11:08

760 net, lots of transactions so far today, in that acct 11:09

* NihabaAshi_away is now known as NihabaAshi 11:10

<NihabaAshi> Long ER2 @ 832.90 -> small size 11:12

1 contract only

<eminitrader> Shorts ES @ 1512.75 11:14

Shorts ES @ 1513.75 -> Add 11:16

<NihabaAshi> Exited ER2 Long @ 833.40 --> + 0.5

<jperl> ER2 peak volume now 833 11:17

VWAP 834.70

<les> Shorts ER2 @ 832.9 «« paper »» 11:18

<eminitrader> Covered 1/2 ES Short @ 1512.75 --> + 1 11:22

thats b/e on first lot

Covered 1/2 ES Short @ 1511.75 --> + 1 11:25

holding 1

<les> Covered 1/2 ER2 Short @ 831.9 --> + 1 «« paper »» 11:30

<eminitrader> Covered Remainder ES Short @ 1512.75 --> 0 11:34

<jperl> ER2 back to VWAP 834.54 11:35

took awhile

<eminitrader> Shorts ES @ 1515 11:37

2 only

Covered all ES Short @ 1515 --> 0 11:42

Shorts ES @ 1515 11:43

5 lot

Covered all ES Short @ 1515.50 --> - 0.5 11:45

Long ES @ 1516

10 lot

Exited 1/2 ES Long @ 1517 --> + 1 11:46

<venedom> Shorts ER2 @ 836.50 11:47

<eminitrader> Exited Remainder ES Long @ 1516.50 --> + 0.5 11:48

<venedom> if it does not brake soon I am out

<NihabaAshi> You selected a good price area in a key s/r zone for a Short 11:49

Hopefully it doesn't power upwards to test the upper part of that zone. 11:50

<venedom> i was ready to jump ship 11:53

your word encourage me ty N

<NihabaAshi> :) 11:54

<les> Shorts ER2 @ 835.5 -> Add «« paper »» 11:55

<NihabaAshi> I'm eating lunch right now...reason why I couldn't join in on the trade.

<venedom> Covered all ER2 Short @ 836 --> + 0.5 11:57

if it does not go down it goes up correct? 12:03

<jperl> or sideways

<Brutus> Hang on checking for u

<venedom> Shorts ER2 @ 837.20 tight stop 12:05

<NihabaAshi> Shorts ER2 @ 837.00 -> small size 12:06

<les> Shorts ER2 @ 836.6 -> Add «« paper »» 12:07

<venedom> cmon down 12:09

should apply to the price is right 12:10

<pat255> lol

<venedom> they r looking for a new host? 12:11

<NihabaAshi> Covered all ER2 Short @ 835.90 --> + 1.1 12:12

Caught a WRB pt1 exit

<les> might be some bounce off 200ema here 12:13

Covered 1/4 ER2 Short @ 835.6 --> + 1 «« paper »» 12:14

nope... behaving itself for a change

<venedom> Covered all ER2 Short @ 835.7 --> + 837.20 tight stop - 835.7

<les> nice looking sell volumes on er2 now

<venedom> Covered all ER2 Short @ 835.70 --> + 837.20 tight stop - 835.70 12:15

<pat255> vn

<venedom> 1.50 was the take

still in N? 12:17

<NihabaAshi> No...I dumped it as soon as I saw a Dark WRB.

<venedom> ok

<NihabaAshi> Long ER2 @ 836.50 -> small size 12:26

2 contracts

Will take a mental break from trading for awhile when I close this trade.

Exited all ER2 Long @ 837.10 --> + 0.6 12:27

<venedom> n1 12:34

<eminitrader> Long ES @ 1514.25 12:36

5 lot

<RussellDaytrade> having a great day again, trading much better today 12:45

<eminitrader> nice to hear that RD :))

<pat255> rs what tf chart u trade from..? 12:46

<eminitrader> mrkt providing great opportunities to make some money

<pat255> Rd i meant

<RussellDaytrade> thx, EM, my price projections are wotking well, although I left a huge amount on the table on that last rally off the lows...still room for improvements

<eminitrader> not to worry RD ...u never go broke..taking a profit 12:47

<RussellDaytrade> Pat, I prefer 1 minute, it's what I am accustomed to

<pat255> ty 12:48

<eminitrader> i used to be like that ...but now i have changed my way of seeing/thinking abt it...

<RussellDaytrade> all's well that ends well...yes, can you elobaote EM, if you have time/not in trade that needs managing, etc 12:49

<eminitrader> all i am worried abt is the pa when i am in trade ...once i am out stopped or an exit i really dont care or ignore the price movement ...at this piont all i am looking for is a possible set-up on my next entry

Exited ES Long @ 1515.75 --> + 1.5

holding 3

hope this helps rd.. 12:50

<RussellDaytrade> right, move on to the next opportunity...I am still not trading shorting setups agressively enough, got to work on that

<eminitrader> gotto move beyond the shld have, wold have could have phase ..trade .maturity time 12:51

trade = trader

<RussellDaytrade> anybody here getting their cpu's spammed with viruses today and yesterday? I ahve gotten spammed twice in the past two days. 12:53

<pat255> not here so far ... 12:54

<eminitrader> looks like mcfaee is doing its job on my terminal :)

exit stop moved to breakeven ES @ 1514.25 12:56

Exited Remainder ES Long @ 1514.25 --> 0 12:57

have a buy @ 1513.25 ..missed by 2 tick 12:58

Long ES @ 1513.75 12:59

5 lot

<RussellDaytrade> I got a possible move on er to 831.6 on a larget structure basis 13:00

<eminitrader> be back stop @ 1512.75 ...target 1 @ 1515.75 target 2 test f hod will hold 1 for new haighs 13:01

<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) 13:02

* les is now known as lesAway 13:04

<pat255> c u all later ty 13:05

<Awash> Shorts ES @ 1515.25 13:24

<eminitrader> Exited 1/3 ES Long @ 1515.75 --> + 2

prolly late post

holding 3

exit stop moved to breakeven ES @ 1513.75 13:25

Exited Remainder ES Long @ 1513.75 --> 0 13:33

<Awash> watching 1513.50 area

<eminitrader> think its abt time for me...good trading all

<Awash> you're done? 13:34

<eminitrader> yep...unless i see a clear flow...looks like chop shop to me 13:35

<Awash> k

<eminitrader> direction still showing up...but key supp levels being taken out ...maybe trend will change like yest... 13:36

<Awash> we melted thru 1513.50 to 1512.50 but my five minute candle closed off 12.50 13:37

<eminitrader> k...so how do u read that ? 13:38

<Awash> if i had two cars, i would take one off 13:39

<eminitrader> i mean bullish or bearish

k thx

<Awash> we're still at the level, so bearish sentiment considering we had previous failures at the Highs 13:40

<eminitrader> reason i am not shorting is the mrkt looks a bit oversold

<Awash> Covered all ES Short @ 1514.25 --> + 1 13:41

* codehead_afk is now known as codehead

<Awash> how did you conclude oversold for ES? 13:42

just curious 13:43

<eminitrader> thats what i mean mrkt goes up 6-10 ticks on very low volume

indicator is propreitary

<Awash> i do recognize we're at 200sMA on daily chart 13:44

<eminitrader> just kidding :))

<Awash> nearby recent june reaction low

of 6/13/07

:)

<eminitrader> i use stochastics on longet term chart -- now the setting parameters r properietry 13:46

:))

<Awash> do you find indies to be reliable on higher time frame charts vs. analyzing PA and S/R? 13:47

<eminitrader> wow heavy selling comin on

looks like a repeat of yest 13:48

i always beleived the higher the time frame...the more reliable...unfortunately being a day trader ..not much use for us..but its goos to keep it in the back of ur mind 13:50

goos=good

pa and s/r on lower time frames like the 1,3 , 5 min r good only for scalping not for position holders 13:51

hope that answers ur Q ..A 13:52

<Awash> agree

it does

<jperl> ER2 @ VWAP 835.06

has returned 4 times to VWAP since 11:30 EST

<eminitrader> again ..thats just my expereince...people may have differing opinions

<Awash> Shorts ES @ 1511.50 13:53

wrong price

1511.25

<eminitrader> looks like u shorted right on support 13:54

need haevy selling to brek thru this

<Awash> watching closely, got shaken-out my last short at 1515.25

<eminitrader> u never know ..given the way the mrkts behaving..

waiting for 1514-1516 for a sell 13:55

<venedom> have to leave c u al tomorrow have a nice rest of the day and profitable 2

<Awash> Covered all ES Short @ 1513.00 --> - 1.5 14:01

-1.75

<eminitrader> was a tricky area 14:02

<intowin> gotta run.. May the shorts be with you. 14:03

<eminitrader> lol

later itw 14:04

missed fill by 2 ticks @ 1514.25 :(( 14:09

prolly see test of lows

<Awash> i'm sidelined 14:13

<eminitrader> so am i

<Awash> choppy action here

i can't call it

<eminitrader> missed a sell ..was @ the right price ....will just watch the mrkt ...prolly learn something new :)) 14:14

<RussellDaytrade> EM, you wanna learn something new? 14:17

<eminitrader> wld be graet if u can help rd 14:19

<Brutus> Vix at 17.2 14:20

<RussellDaytrade> np... answer this question, why did Pimco hire Alan greenspan?

here it is, finally er is catching up to es, and trading into or close to target area 14:21

<eminitrader> now thats beyond me...

u know my IQ level...lets just stick to that :)

<RussellDaytrade> lol. it's easy, answer is so easy, you will instantly recognize it...take a couple wild-ass guesses..you may get it! 14:22

<eminitrader> to play the the bond trade 14:23

<RussellDaytrade> yes!, in a manner of speaking, (thats a play on words there)...to paly the bond game, I like that...to shut him up, that why, every time AG was opeining his mouth, Gross's portfolio would lose billions..much cheaper to just put him on the payroll, and shut him up... 14:25

too bad, I was kinda gettin to like him. :)

<eminitrader> i always liked him ...AG i mean 14:26

<RussellDaytrade> er is sticky this pm 14:27

<eminitrader> maybe es nq ym ...holding it from its move 14:28

<RussellDaytrade> es has lead this downmove today 14:29

* lesAway is now known as les

<les> 2 exits to post:

Covered 1/4 ER2 Short @ 834.6 --> - 1.7 «« paper »» 14:30

Covered 1/4 ER2 Short @ 833.4 --> - 0.5 «« paper »»

1 left 14:31

Covered Remainder ER2 Short @ 835.8 --> - 2.9 «« paper »» 14:32

cant be right 14:33

was + 1.9

Long ER2 @ 833.5 «« paper »» 14:35

<eminitrader> Long ES @ 1508

2 only

<Brutus> vix 17.6 14:36

<eminitrader> what does that mean B 14:37

<Brutus> volatility index

<eminitrader> the # i mean...bullish/bearish

<RussellDaytrade> yes, yes, yes, come to papa 14:38

<Brutus> Rising vix at HOD is very bearish

<eminitrader> where's papa yet RD --low of the day ?

<RussellDaytrade> I htink it's hitting my target, well, whaddya know? 14:39

<Brutus> Vix is above Yesterdays high

<eminitrader> Exited all ES Long @ 1506 --> - 2

k thx B

<jperl> ER2 @ 1 year 1st Std Dev 830.90 14:41

<RussellDaytrade> papa was at near 831.7 area, damn thing wants to go see granpa too!

<eminitrader> heheheh 14:42

<RussellDaytrade> getting long on scale, small and wide today

missed my exit while typing 14:43

<jperl> nice bounce of that STdDEv

<eminitrader> ES prolly will find supp around here

<les> Long ER2 @ 832 -> Add «« paper »»

Exited 1/3 ER2 Long @ 833.3 --> + 1.3 «« paper »» 14:50

nice turnarround her 14:51

hope for next tgt @ 835 14:52

then we'll see :)

Long ER2 @ 831.8 -> Add «« paper »» 15:00

<RussellDaytrade> JP, what SD did er touch on that low that you referred to? 15:01

<jperl> 1 year 1st std dev

<RussellDaytrade> oh, I thought you were referring to an intraday SD. 15:02

<jperl> just touched it again

<RussellDaytrade> mkt's going off every !@#$%^Y&U afternoon, this mkt is losing traction

<les> here come some buyers 15:03

will b tough to sustain this, but they trying 15:04

fair bit o that was short covering

<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) 15:05

<les> up time now 15:07

lotta buy volume @ 31.6, 31.7 and 31.8 15:08

it just dried up... 15:10

pause or fall?

<jperl> back to 1 year 1st std dev again

<les> yup - looking like apuse so far

pause

looks more like a long building here

<jperl> nice bounce off of it again 15:11

<les> Exited 1/3 ER2 Long @ 832.8 --> + 1 «« paper »» 15:13

<ItalianSharp> les, nice calle when you said buyers stepped in

first time in a long while i am seeing some nice volume by the bulls

<les> yep - could see volumes building on mkt delta

very clear 15:14

http://www.carlin.karoo.net/Charts/pic.p ng 15:15

i called it @ 20:08 on that chart 15:16

u can see the dark footprints there showing intense buy pressure

damn 15:17

missed an exit while doing that :)(

20:08 = 15:08 est

<jperl> that's why I don't post trades anymore

<les> that was a chart post tho 15:18

<Brutus> Les do you wat ER MD only or other eminis for confirmation?

<jperl> yes and you missed an exit....you could have missed something important in your trade management in the middle of a trade post

<Brutus> wat = watch 15:19

<les> no i wouldnt

never do that if i trade live

<jperl> famous last words

<les> this is sim

Brutus - i watch EVERYTHING i cn lay my eyes on

often if i think er2 is gonna move i keep an eye on the others in case one of them gives a headsup 15:20

<Brutus> k thx

<ItalianSharp> i see more downside here 15:22

<les> i see a tall handsome stranger... 15:23

Exited 1/3 ER2 Long @ 833.7 --> + 0.2 «« paper »» 15:27

<ItalianSharp> these markets have been moving really fast lately...although today's ranges are average, the speed of price moves is surprising to say the least 15:29

it's like watching a movie with the fast-forward botton pressed

<les> in case of dizziness...

i use a bucket of water

<ItalianSharp> les, you too have noticed this change of speed? 15:30

<les> u mean today?

<ItalianSharp> today and almost all last week

<les> ah, not really, but since u mention it, maybe u right 15:31

i like faster moves tho

<ItalianSharp> me too

<les> dont understand the way this script works... 15:32

that last trade gave me + 1.2, and it reported a +.20

it cant cope too well with adds 15:33

<RussellDaytrade> in reference to above, (faster moves) the er has traded on increased volatility, as I mesure it, by a factor of nearly 45% increase over normal, since last Thursday...who said summers are slow? 15:40

<les> last exit reports +1.2..

lets see what script says...

Exited Remainder ER2 Long @ 833 --> - 0.5 «« paper »» 15:41

<NihabaAshi> Long ER2 @ 832.40 -> small size

1 contract only

<les> back tomorrow

<NihabaAshi> Long ER2 @ 832.10 -> Add 15:47

ER2 should have been at 833.20 by now :( 15:51

<RussellDaytrade> man this day went by fast 15:54

<Awash> need to reboot 15:56

<NihabaAshi> Exited all ER2 Long @ 832.70 --> + 0.9

I lost my patience with this Long position...take care all and see all tomorrow...I'm done.

Wow...looks like 2 contracts was providing support and then everybody jumped shipped when I sold :) 16:05

* DisconnectedSession Close: Tue Jun 26 16:22:36 2007 16:22

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