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#FuturesTrades July 16th Monday 2007 Trade Log

 

Russell 2000 Emini ER2 Futures

Today Month Year
+15.40 +114.20 +1802.70
$1,540 $11,420 $180,270

click on image to view actual size

 

Current Performance Record

Jul 17th Tues Secondary WRB S/R Zone(s)

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 or participate in the market discussions.

  Lurking (not participating) in #FuturesTrades will not allow you to reach your trading goals nor will it answer your questions that you need answered to help with your trading. Therefore, it's to your benefit to participate in #FuturesTrades especially if your a struggling trader or a trader not reaching your profit goals. 

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.

In fact, many of my trades or profit targets will occur within key WRB support/resistance zones because these price areas gives me a better understanding of key changes in supply demand.

  Traditional pivot point analysis or traditional s/r levels are inadequate in understanding changes in supply/demand of the Russell 2000 Emini ER2 or any other trading instrument of today's markets in comparison to WRB Analysis.

WRB Analysis is also a key aspect in my use of intermarket analysis, market seasonal tendencies, volatility analysis and custom Japanese Candlestick patterns to complete my trading plan that results in consistent profits.

Further, position size management is a key aspect of my trading and I trade any where between 1 to 9 contracts per trade depending upon the volatility, trade signal and seasonal tendencies.

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.

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: Mon Jul 16 09:20:53 2007Session Ident: #futurestrades
* Now talking in #futurestrades09:20
<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<PapaJon> gm all09:24
<ripsboy> gm all...09:28
<NihabaAshi> I'm watching the following key s/r zones:

861.50 - 859.50 and 853.90 - 852.8009:29

I'm using those as profit targets.
<RONDOE> good morin everybody09:30
<NihabaAshi>  Shorts ER2 @ 858.40 -> medium size 09:31
<base> GM All09:33
<pat255> gm09:34
<werner> gm all
<eminitrader>  Shorts ES @ 1562 09:35
<NihabaAshi>  Covered 2/3 ER2 Short @ 857.70 --> + 0.1 09:38
Caught a WRB pt1 and the math should have said +0.7 and not +0.1
HOlding the remainder for any type of s/r zone.09:39
However, my primary s/r zone below is the 853.90 - 852.80
Covered Remainder ER2 Short @ 858.30 --> + 0.1 09:40
:(
got pick pocketed09:41
Long ER2 @ 859.00 -> small size 09:42
<eminitrader>  Covered all ES Short @ 1562 --> 0
<Awash> good morning all09:43
<pdays>  Long ER2 @ 858.7 09:44

Exited all ER2 Long @ 859.1 --> + 0.4
<NihabaAshi>  Exited 1/2 ER2 Long @ 859.70 --> + 0.7
<eminitrader>  Shorts ES @ 1562 09:47
<Brutus> 07/16/2007 09:45 DJ OIL FUTURES: Nymex Crude Near $74/Bbl, Supported By Brent
<NihabaAshi>  Exited ER2 Long @ 858.40 --> - 0.6 09:49

Reverse and Enter Short ER2 @ 858.40

Shorts ER2 @ 858.60 -> small size 09:51

Oil spilling southward.

That's an add at 858.6009:52
<eminitrader>  Covered 1/2 ES Short @ 1560 --> + 2 09:54
<RussellDaytrade> feels like it will easily break and exceed fridays lows09:55
<eminitrader>  Shorts ES @ 1562 -> Add 09:58
<NihabaAshi> Volatility is changing now.09:59
<eminitrader>  Covered 1/2 ES Short @ 1560 --> + 2 10:02
<NihabaAshi> Oil dropping again

Covered 2/3 ER2 Short @ 857.00 --> + 1.6 10:03

WRB pt1 exit
  
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) 
  
<base> Nice one, especially in this kind of market action.10:04
<NihabaAshi>  exit stop lowered ER2 @ 858.30
<base> I am staying aside.10:05
<NihabaAshi> Holding remainder just in case I get lucky and catch that WRB s/r zone of 853.90 - 852.80
<eminitrader>  Covered 1/3 ES Short @ 1560 --> + 2
holding 310:06
<NihabaAshi> Looks like its going to be another "pick pocketed".10:08

:(10:09

Trailing Stop Hit ER2 @ 858.30 --> + 0.3
<jperl> ER2 @ VWAP = PVP = 858.20
<NihabaAshi> That's +0.1 and not +0.3
<eminitrader>  Covered Remainder ES Short @ 1562 --> 0 10:14
<NihabaAshi>  Long ER2 @ 857.70 -> small size 10:16
<eminitrader>  Shorts ES @ 1562.75 10:18
<NihabaAshi>  Exited all ER2 Long @ 858.00 --> + 0.3 10:21
<ItalianSharp> after an early try to push markets down, we are back into up-creeping mode
<NihabaAshi> :(
<ItalianSharp> which means volatility is close to zero
<NihabaAshi> Yep and that makes it very difficult trading...early outs et cetera.10:22
<ItalianSharp> exactly
<NihabaAshi> Lots of pick pocketing going on in the creeper price movements that lack volatility.
<pat255> lol pick-pockets everywhere..10:23
<NihabaAshi> Yep, these days I'm keeping only a small amount of cash in my wallet :)10:24
<pat255> dont blame u..
<NihabaAshi> Oil and Gold have stabilized (not dropping any more).10:25
<RussellDaytrade> seems unlikely to me that er will achieve full up tagets off that low at 8:02, which it occurs ( an unachieved target), will denote a loss os realtive strength, and a likely deeper level in store on a comensurate downswing...may be mopst of the day unfolding
<pat255> biab @office ..ty all10:26
<eminitrader> same in the ES RD
<NihabaAshi> Similar like volatility after 10am just like Friday.
<jperl> I'm done for the morning......ER2 at VWAP close to PVP so I will stop trading for now10:27
<RussellDaytrade> that es is repeatedly bobbing to surface this am, still's got gas in the tank, apparently10:28
<NihabaAshi> ER2 volatility dropping fast...
I'm expecting a volatility spike here soon.
<jperl> trades here....
<NihabaAshi>  Long ER2 @ 858.50 -> small size
<jperl> http://charts.dacharts.com/2007-07-16/JP ERL_0110.jpg
<werner> reboot10:29
<NihabaAshi> Hopfeully the volatility spike takes price upwards and not downwards.
<eminitrader>  Shorts ES @ 1563.75 -> Add
<NihabaAshi> Any body have data problems with their VIX or VXN this morning ???10:30
<ItalianSharp> yes, i do10:31
<eminitrader>  Covered all ES Short @ 1564.25 --> - 2

thats -1 on 10
<NihabaAshi> Thanks
<ItalianSharp> i dont seem to have data from the open...i do have a few intervals now but i started receiving data after 10am10:32
<NihabaAshi>  Exited all ER2 Long @ 858.80 --> + 0.3 10:35
geesh :(
<eminitrader>  Shorts ES @ 1564.25 10:36
<NihabaAshi> I'm 1 tick away from my profit goal for the day.
Long ER2 @ 859.10 -> small size 10:37
1 contract only
Caught that WRB s/r zone of 861.50 - 859.50 for a profit target10:38
Exited ER2 Long @ 859.60 --> + 0.5 10:39
<Brutus> 07/16/2007 10:35 *DJ Govt Agency Reports 6.6 Earthquake Off Japan's West Coast10:41
<eminitrader>  Covered all ES Short @ 1564.75 --> - 0.5 10:43
<ItalianSharp> emini, tough shorting this thing aint it?10:44
<eminitrader> yep..
<ItalianSharp> when it looks like it's going to get pushed down, more buyers step in and take it up again10:45
<eminitrader>  Shorts ES @ 1564.50
<ItalianSharp> i don't remember where i read it, but many brokers had to close plenty of day-trading accounts last week when markets kept going higher and higher and traders were shorting and shorting10:46
<eminitrader> :)10:47
<ItalianSharp> dumb traders i shall say because they kept averaging down
<RussellDaytrade> hod here? I think it will be
<eminitrader> may test the 1566 area on the ES
<RussellDaytrade> if hod, I got 852.5 t on the er10:48
<eminitrader> be back10:49
<NihabaAshi>  Shorts ER2 @ 860.00 -> small size
1 contract only due to the late entry10:50
ER2 volatility dropping fast...10:54
Expecting another volatility spike here soon.
Hopefully it takes the price downwards.
Especially since I'm trying to dump this position after realizing I saw something that really wasn't there :(10:55
<eminitrader>  Covered all ES Short @ 1564.50 --> 0 10:56
<NihabaAshi>  Covered ER2 Short @ 860.00 --> 0 10:58
<eminitrader>  Shorts ES @ 1564.50 10:59

large size ...11:00

me thinks its the high for now
<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)11:01
<eminitrader>  Covered all ES Short @ 1564.50 --> 0 11:06

i'm done for now..been tough shorting
<RussellDaytrade> may be a sign the time is nigh11:07
<eminitrader> very true RD..

just when the shorts give up...mrkt tanks :))11:08
<RussellDaytrade> I experience that dynamic, almost daily...but no hurry, lots of daylight remaining
<eminitrader> well said...11:09
<RussellDaytrade> damn es and nq keeping the fight alive tot he updside
<eminitrader> think the leader today is the dow...ES and NQ kinda in a tight range11:10

want to come down ..but ym pulling in buyers11:11
<RussellDaytrade> 14000 hoopla on tap for later
<eminitrader> 3 fake set-ups on the short side ..in the ym so far11:12
<ItalianSharp> yep emini, this is why i am sitting out11:16
lots of fake short signals
<eminitrader> shows the strenght of the mrkt
<ItalianSharp> as long as YM is nearby all-time record highs, i am not going short
<RussellDaytrade> interesting cnbc is so quiet on dow 14000, nary a peep outta them, relatively speaking

thus far
<ItalianSharp> i just turned off CNBC and put on some nice jazz instead...:)11:17
<eminitrader> agree ...no piont trying to catch the top
<ItalianSharp> at least while i am gettin bored i get to listen to some good music
the 3rd week of july is statistically bearish...i'm curious to see when mkts going to retrace11:18
<davetrade> shorts es @ 1565.25
* Disconnected 11:22
* Attempting to rejoin channel #futurestrades11:24
* Rejoined channel #futurestrades11:25
<eminitrader> any one having irc pbs todat ?
* NihabaAshi: you're not channel operator
<Boybrutus> yes11:26
* NihabaAshi: you're not channel operator
<eminitrader> k..thx B
* NihabaAshi: you're not channel operator
<eminitrader> thought it was just me
* NihabaAshi: you're not channel operator
<eminitrader>  Shorts ES @ 1565 11:27
* NihabaAshi: you're not channel operator
<eminitrader> large size ...
* NihabaAshi: you're not channel operator
<eminitrader> looks like it may pullback now...all indices aligned for this move11:28
* NihabaAshi: you're not channel operator
* DisconnectedSession Close: Mon Jul 16 11:30:52 200711:30
 Session Start: Mon Jul 16 11:44:21 2007Session Ident: #futurestrades
* Now talking in #futurestrades11:44
<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTra desChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrad es.htm
<eminitrader>  Covered all ES Short @ 1566 --> - 1.5 11:48
<davetrade> short er2 861.111:56
<eminitrader>  Shorts ES @ 1565.50 11:57
<davetrade> cover er2 860.6 +0.512:00
long er2 860.212:05
sell long er2 860.4 +0.212:11
short er2 @ 86012:14
cover short er2 @ 859.512:15
+0.5
* sep34away is now known as sep34_12:22
<venedom> gm
anyone has esignal here?12:23
my tick and vol chart work but not my time is these happening?12:24
<Boybrutus> everything is fine here v
<davetrade> me too no problems12:25
<eminitrader>  Covered 1/2 ES Short @ 1563.50 --> + 2
<intowin> long es 1563.50 1563 stop12:26
* Awash_afk is now known as Awash
<davetrade> can you guys explain to me how you put this green or red bacground on you text line?12:28
<intowin> highlight all your text and hit control k
<davetrade> ok thanks12:29
<intowin> then the corresponding number you want 0,3 is green. The first number is the text the second number is the background
<eminitrader> i think thats built inthe script.....when u buy its green sell is red and exit is blue/purple12:32
<intowin> Where can we get the script E?12:33

I am like Dave not too familiar with mIRC
<eminitrader> give me a minute Itw
<intowin> thanks bud, Kinda miss being here last few days. I have a seasonal herbicide business that is in full swing for the next couple weeks. : (12:34
<eminitrader> isn't that good for u ? must be good profits :))12:35
<intowin> Yeah but hot sun is not as nice as cool office!
<eminitrader> hehehe
itw ..click on this link and then follow the instructions...shld work...http://thestrategylab.com/forum/i ndex.php?PHPSESSID=1a803c81ed914aee20270 f2ad3b04bda&topic=13.012:39
<intowin> ty
<eminitrader> might be a bit of a pain ...but its a one time thing12:40
<intowin> hey E if that is still on your clip board repost without commentary. When I double click its not opening. I think the commentary in front is messing it up. Otherwise I will just type it in manually12:42

out Es long break even12:43
<eminitrader> k here is a direct link ...go to the bottomn where u will find Trade Posting Script Installation12:44
http://thestrategylab.com/forum/index.ph p?topic=32.0
<intowin> that worked
<eminitrader> did u find the section
<intowin> Its asking for me to log in. but if it is on that site I will find it.. Thanks12:45
<eminitrader>  exit stop moved to breakeven ES @ 1565.50
k..let me try to paste it here
<venedom> lunch time
<eminitrader> To download the trade post script, click on the below link if you don't have your own trade posting script...12:46
www.thestrategylab.com/FuturesTradesV3.6 .txt
Note: Recently, a few new members have had problems with trade posting script v3.6 while using mIRC version 6.12 via receiving the message "SETUP FT Unknown Command".
If such happens to you...please uninstall trade posting script v3.6 and install the below v3.3
www.thestrategylab.com/FuturesTradesV3.3 .txt
<intowin> yep that one did it
<eminitrader> k
<Boybrutus> On the script I had probs with the short sell command - /s so had to modify it to /ss13:03

as /s is a disconnect from server command13:04
<RussellDaytrade> speaking of which, it looks like a sell13:07
<Awash>  Long ES @ 1562.50 13:09
<eminitrader>  Covered 1/3 ES Short @ 1562 --> + 3.5 13:11
holding 3
<Boybrutus> nice trade e13:12
<eminitrader> thx B....had 1566 as res area..13:14
<NihabaAshi>  Covered ER2 Short @ 877.50 --> - 17.5
<eminitrader> cld not hold previous trades in the noise ..this was 10 lot ...
<NihabaAshi> Sorry...I'm testing something new in the trade posting script.
<eminitrader> the previous which i got out same price @ b/e was a 20 lot :((
<NihabaAshi> Anybody in here using their own custom or generic trade posting script ???13:15

If so, can you email me a copy so I can compare the codes to my own custom script...

Thanks.

Just email it to questions@thestrategylab.com13:16
<RussellDaytrade> earlier stated scenario of little upside with stronger retrace has manifested beautifully, paying well for shorts with foresight and the ability to access and anticipate accurately, :)
<eminitrader> :)13:18
<RussellDaytrade> closing short slowly on scale, so I still have some on
<eminitrader> <RussellDaytrade> may be a sign the time is nigh13:19

<eminitrader> very true RD..

<eminitrader> just when the shorts give up...mrkt tanks :))
<RussellDaytrade> happens to me practically every day EM
<eminitrader> happens to all of us RD..
<RussellDaytrade> trying to use it to my advantage...learn from it, make the sale, even though it did / may not have worked several times in a row just prior, etc13:20
<eminitrader> only gripe is that i shld have held my origiunal size ..where in i chickened out cause of the noise and had only half in when the move finally did come13:21
<RussellDaytrade> flat in the l/s acct now, still short hte so acct
<eminitrader> well looks like its uptime..cls see a upmove here13:22

Covered ES Short @ 1561.75 --> + 3.75 13:23

Reverse and Enter Long ES @ 1561.75
<NihabaAshi>  Long ER2 @ 855.60 -> small size 13:28
<eminitrader>  Long ES @ 1561.25 -> Add
<NihabaAshi> 2 contracts only
<eminitrader> holding 10 avg 1561.5013:29
<Awash> i don't like my price of 1562.5013:30
<NihabaAshi> ER2 volatility dropping fast

Exited ER2 Long @ 855.30 --> - 0.3

Reverse and Enter Short ER2 @ 855.30
<Awash>  Exited all ES Long @ 1561.00 --> - 1.5
will regroup at LOD13:31
<NihabaAshi> ER2 at a WRB pt right now :(13:32
<eminitrader> may not get there A13:33
<Awash> PA is trying13:34

in line at 59.25
<RussellDaytrade> earlier downside t of 852.5 is now closer to 853.5 or so 9853.32)13:35
<eminitrader>  Long ES @ 1559.50 -> Add
<RussellDaytrade> (853.32)
<Awash>  Long ES @ 1559.25
<NihabaAshi>  Covered 1/2 ER2 Short @ 854.00 --> + 1.3
Caught a WRB pt2 instead of a pt1 :)
<RussellDaytrade> took off more short13:36

t fulfilled, close enuf for me13:37
<eminitrader> nice one RD
<RussellDaytrade> thx EM, worked well today13:38
<eminitrader> :))13:39
looks like out of sellers here...13:40
need to see if any willing buyers
<Awash> yep

feel better about my price
<eminitrader> its all abt comfort isn't it ?
<Awash> yep13:41
<RussellDaytrade> virtually all out short, (left one on to help me gauge mkt behavior and direction)
<eminitrader> prolly bounce back to 1562-64 area13:42
<NihabaAshi>  exit stop lowered ER2 @ 855.20 13:45
<eminitrader>  Exited 2/3 ES Long @ 1560.50 --> + 1

no thats b/e on my avg..

holding 5 now13:46
<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)13:47
<davetrade> short er2 854.413:50
<eminitrader>  Long ES @ 1559.50 -> Add
holding 10 avg 156013:51
<NihabaAshi> In case anyone in here is wondering how to post "colorful" trades for easier viewing here in #FuturesTrades...

Instructions are at this link http://thestrategylab.com/forum/index.ph p?topic=32.0

That link contains instructions for Log-In, Trade Post Script Installation and How to Post Trades Instructions.13:52
<eminitrader>  Exited all ES Long @ 1558.50 --> - 4.25 13:54
thats -1.513:55
<davetrade> cover er2 853.1 +1.3
<NihabaAshi> We're within those key WRB S/R Zones I discussed earlier "before" the Open.13:56
853.90 - 852.80
Market just went below its support.
<davetrade> long er2 853.113:57
<NihabaAshi>  Covered Remainder ER2 Short @ 853.30 --> + 2 13:58
<davetrade> sell long er2 853.5 +0.4
<NihabaAshi> Too bad I was at Lunch when it topped soon before 12pm est.13:59
<Awash>  Long ES @ 1557.25 -> Add 14:00
<NihabaAshi> If this market pushes down further...14:01
I'll use that same WRB s/r zone as a profit target for any Long positions.14:02
<davetrade> long es 1556.7514:03
<eminitrader>  Long ES @ 1557 14:04
<davetrade> exited long es 1557.50 +0.7514:05
<eminitrader>  Exited 1/3 ES Long @ 1558 --> + 1 14:06
may visit 1560.50 - 1562.50...wld be a nice sell there14:07
<davetrade> long er2 53.714:08

cover long er2 854.2 +0.514:09
<eminitrader>  Exited 1/3 ES Long @ 1559 --> + 2 14:11
<RussellDaytrade> EM, I got 61.25 nearby on es, 63.25 larger structure up targets, based upon my er work, and relative to the er targets..hope that helps14:12
<eminitrader> same here RD 60.50 - 62.5014:13
lu r in the mean avg of my area
thx
<davetrade> short er2 53.7
<RussellDaytrade> if breaks lows con gusto, those targets will become null, unless price remains within previous lows .50 or so, I reckon...so busy updating, barely got time to trade...I am preerncing the shortside anyway, so am hoping it bounces up to relaod shorts14:15
<eminitrader> be back guys ..stops/limits in ..smoke time
<davetrade> cover er2 853.2 + 0.514:18
suppose to be 852.7-852.2 +0.514:20
<eminitrader> it came 1 tick of my stop :))14:22
<Awash> trend may be losing momentum
<eminitrader> high probability it will test the res area before another move down
<Awash> higher low forming
<RussellDaytrade> visually, it looks like it is going to challenge the 843-845 area er14:24

over the next day or so, 24 puls hours

who knows, I am happy getting two outta two correct, feel like I may be pushing my luck, so will give the crystal ball time to recharge...looks up, nearby's should fulfill14:27

lots of time remaining for them to wortk out, etc

I got 856.3 er 48.75 nq, 61.25 es14:29
<eminitrader> some mor room to go up
<RussellDaytrade> pick yer flavor
<davetrade> long er2 85414:30
<eminitrader>  Exited ES Long @ 1559.75 --> + 2.75 14:33

Reverse and Enter Short ES @ 1559.75

will add upto 62.25
<davetrade> exit long 854.5 +0.514:34
<eminitrader> shld tess at least 60.50 for the sell to work14:35
<Awash> will exit a portion there (1560.50)
<eminitrader> looks like 1560 is it..14:37
<RussellDaytrade> if it going to stick, this is where it may begin to accelerate up14:40
<eminitrader>  Covered all ES Short @ 1559.75 --> 0
<NihabaAshi>  Long ER2 @ 854.30 -> small size 14:41
<RussellDaytrade> es beat me to the punch...traded faster then I typed
<eminitrader>  Shorts ES @ 1560.75
<davetrade> long er2 854.2
<Awash>  Exited 1/2 ES Long @ 1560.75 --> + 3.5
<NihabaAshi> 1 contract only14:42
<davetrade> exit long 854.7 +0.5
<Awash> Exit 1/2 initial long of (1559.25) + 1.50
<eminitrader> nice hold A
<RussellDaytrade> es and nq fulfilled, right on time, er lagging
<Awash> still holding a few from 1557.25
<eminitrader> think thats it may stall here for 5-10 min before heading down14:45

Shorts ES @ 1560.75 -> Add 14:48
<davetrade> long er2 854.314:49
exit long er2 853.3 -114:52
<NihabaAshi>  Exited ER2 Long @ 853.30 --> - 1

Long ER2 @ 853.30 -> small size 14:57

High risk trade
<venedom> LIKE IT15:01
<eminitrader>  Covered 1/3 ES Short @ 1559.75 --> + 1 15:02

Shorts ES @ 1560 -> Add 15:06
<davetrade> short er2 853.5
exit long 854.5 -115:08
<RussellDaytrade> well finally, here comes the er...may be good for a buck or more up15:09
<NihabaAshi>  Exited 1/2 ER2 Long @ 854.50 --> + 1.2
Next 3mins very important for ER2.15:12
It needs to spike upwards or prevent drifting back downwards.
<eminitrader>  Shorts ES @ 1561.75 -> Add 15:17
<Awash>  Exited 1/2 ES Long @ 1561.50 --> + 2.25 15:18
<ItalianSharp> crucial point for markets now...we either are going for new highs or turn back south and go for new lows
<Awash> Exit half from 2nd Long at (1557.25) + 4.25
<ItalianSharp> well, i forgot there is still 1 hr to go...so we may actually end up in a range
<NihabaAshi> I'm thinking the same thing too.
<eminitrader> only ym has changed its trend..es and nq still at res15:19
<RussellDaytrade> highs too far away this late in the day to surmount, IS
<jperl> I'm done for today....trades here...
<ItalianSharp> yes RD, you are right
<jperl> http://charts.dacharts.com/2007-07-16/JP ERL_0111.jpg
<RussellDaytrade> in the er anyhow, maybe ym / dow, the others are lagging, especially er15:20
the generals are leading, buy some troops not following, or following at a safe distance, :)15:21
<eminitrader> lol

ym a leader today15:22
<NihabaAshi>  Exited Remainder ER2 Long @ 855.40 --> + 2.1
  
WRB Analysis
  
<Awash> nice Niha
<NihabaAshi> Thanks.
Got twice my profit goal on that trade.
I'm also up 41% more than my profit goal for the day.15:23
<venedom>  Shorts ER2 @ 855.70
<eminitrader>  Covered 1/2 ES Short @ 1561.75 --> 0 15:25
:Es at its last area of res ...if it breks 62.75 ..may see test of highs15:27
<Awash>  Exited all ES Long @ 1562 --> + 2.75 15:28
<eminitrader>  Shorts ES @ 1561.75 -> Add
<Awash>  Exit all from 2nd Long at (1557.25) + 4.75

i'm done for today15:29
<eminitrader> nice going A..
<venedom>  Covered 1/3 ER2 Short @ 854.9 --> + 0.8
<Awash> thanks E, took my time
<venedom>  Covered 1/3 ER2 Short @ 855 --> + 0.7
<eminitrader> avg short 156115:30
<venedom>  Covered Remainder ER2 Short @ 854.9 --> + 0.8
<eminitrader>  Covered 1/2 ES Short @ 1560.75 --> + 1 15:31
<venedom> n1E15:34
<eminitrader>  Covered 1/3 ES Short @ 1560 --> + 0.75 15:36
Covered Remainder ES Short @ 1559 --> + 1.75 15:38
<NihabaAshi> ER2 sliced through that WRB s/r zone very easily.
<Awash> anyone know how to read bond quotes posted on CBOT?
http://www.cbot.com/cbot/pub/page/0,3181 ,1212,00.html
high is listed as 105'20515:39
<eminitrader> thx V
<Awash> but they trade in 64ths
<venedom> jumped ship too soon but better early than late
<eminitrader> never go broke taking a profit :))15:40
<venedom> exactly
<eminitrader> ishld have held the last lot for a retest of lows
<venedom> ditto
<eminitrader> was running out of patience ...price levels were perfect ...but took too long to unfold15:41
<venedom> great minds think alike lol
<eminitrader> hehehehe
<venedom> summer days
<eminitrader> :)
<RussellDaytrade> I'm getting 846.04 er tomorrow am session15:42
<eminitrader> meant this ===[14:07:51] <eminitrader> may visit 1560.50 - 1562.50...wld be a nice sell there15:43
<venedom> emini for president.....15:44
<eminitrader> lol
<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)15:50
<venedom> c u toimorrow16:03
<Awash> good night all
<NihabaAshi> Take care all and see all tommorow.16:23
* DisconnectedSession Close: Mon Jul 16 16:28:56 200716:28
  
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