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#FuturesTrades July 16th Wednesday 2008 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+0.00	+156.00	+2042.60
$0	$15,600	$204,260

Not Applicable

(on vacation)

No Trades (on vacation)

click on image to view actual size

Current Performance Record

Supply/Demand Change of the Day

Profit/Loss Statement

Trade Posting Chat Log Info: My name is M.A. Perry (a.k.a. online as NihabaAshi - martial arts & Japanese Candlestick term) and I am the moderator of #FuturesTrades.

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. Also, the above profit/loss info represents my trades only and all trades were posted in real-time within 5 seconds unless otherwise noted after entry or exit as shown in the below chat log.

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, developing new trade management (hence the name TheStrategyLab.com) or when market conditions change resulting in me relying more on my market experience (intuition) instead of on my trading plan.

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...

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.

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<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTra desChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrad es.htm

<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 06:26

<rickf> CPI @ 0830 08:23

<tzar> morning rickf

<rickf> gm 08:24

<tzar> im up way too much :)

<DJ> gm

<rickf> where u located tzar?

<tzar> toronto

<rickf> ah

<tzar> overnight i put bids 08:25

close to 1200 on ES

and some near 1208

now i got 10 contracts avg 1205

with stop loss of 1998

<rickf> target? 08:26

<tzar> well

KN said 1275...

i will take out most at 1220

ill take out 7 or 3 08:27

err

3-8

7-8

jeez

just woke up my bad

<rickf> :) 08:28

<tzar> its nice :)

<DJ> vg 08:29

<tzar> thanks :)

<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

<rickf> CPI +1.1% for June 08:31

ack

<tzar> out 4 1213 +8 08:57

<rickf> nice

<DJ> early morning feast

* Awash_afk is now known as Awash 09:17

<PapaJon> gm all 09:20

<rickf> gm

<DJ> gm

<Awash> went flat overnight on all open positions from Friday, Monday & Tuesday 09:24

Exit YM Long at 10955 +115 (10 Cars) 09:26

Exited all ES Long @ 1216.25 --> - 12.75 09:27

<DJ> 115 wow

vg

<Awash> reentered Long ES at 1205 (8 Cars) overnight 09:28

<tzar> nice Awash

im in the same boat with you

only 1202.75 :) 09:29

but 6

<DJ> nice

<Awash> would have been nicer had we not eroded all gains from yesterday

<DJ> here we go!

<Awash> we tanked heavy yesterday afternoon

<szubaark> Buys ES @ 1217 «« paper »» 09:33

Exited all Long ES at 1218.25 --> + 1.25 «« paper »» 09:34

<silo> Long ER2 @ 665.10 «« paper »»

<ItalianSharp> morning all 09:36

<futurible> gm IS and all

<ripsboy> gm all...

<Mauro> gm 09:37

<drt> gm 09:38

<DJ> short er 662.80 09:40

<szubaark> Shorts ES @ 1215.50 «« paper »»

<Mauro> Shorts ER2 @ 662.6

<DJ> out 662.40 09:41

<Mauro> Covered all ER2 Short @ 662.2 --> + 0.4

always too soon :-( 09:42

<DJ> safer 09:43

this might be exhausting itself 09:44

<szubaark> Covered all Short ES at 1215.50 --> 0 «« paper »»

<DJ> we are at a pivot on er

660 area

going to let it shake out 09:45

vol rise on buys for er

movers are closing shorts 09:46

not in a big way, though

646.20 was yesterday's low 09:47

thus a natural support area

* subq_ --market profile charts for today-- http://www.charthub.com/chart/search/mpc hart

<DJ> Camarilla calculation is what that is

we are below pivot 09:48

now waiting

bbl (C)

bacl 09:49

back

we are at the open, 660.30 fyi

dow has 28.75 points to a natural century mark 09:50

<szubaark> Shorts ES @ 1215.50 «« paper »» 09:51

<DJ> long er 661.30

out 663

+3 09:52

exhausting

<Mauro> Shorts ER2 @ 663.4

<szubaark> Covered all Short ES at 1218.25 --> - 2.75 «« paper »»

Buys ES @ 1218.25 «« paper »»

<DJ> vol kick at 8:52a CST

<rickf> no clear anything right now :(

<DJ> longs sold

<rickf> on the es anywa 09:53

<Mauro> Shorts ER2 @ 664.2 -> Add

Covered all ER2 Short @ 665.2 --> - 2.8 09:55

<DJ> :-(

<Mauro> ty

<rickf> a lasting break above 1222 might be nice

<DJ> 674.50 yesterday's high on er 09:57

mauro i went out too soon as well

<Mauro> oic

<DJ> 667.80 today's high so far 09:58

<Mauro> Shorts ER2 @ 667.7 09:59

<DJ> 668.20 today's new high 10:00

vwap is 663.20 10:01

<szubaark> Exited all Long ES at 1225 --> + 6.75 «« paper »»

<rickf> wtg szi

szu

<DJ> FYI: http://www.charthub.com/images/2008/07/1 5/er2_mp_rth_2

<szubaark> thanx 10:02

<DJ> nice, szu!

672.6 would be a good price point to watch 10:04

http://www.mypivots.com/dn/?symbol=88 10:06

this has a link to the ES as well

good ref to Crabel's theories and price points and ranges

be careful, on Pivots and so on as the guy makes errors at times

so, be sure to re-reference this stuff 10:07

<Mauro> Covered all ER2 Short @ 664.7 --> + 667.7 - 664.7

sorry

<DJ> nice

<Mauro> Covered all ER2 Short @ +3 --> + 664.7

ty, revenge 10:08

<DJ> http://www.premarketreport.com/pmr/index .pdf

above is a good ref for ranges and so on

good pre-market reading

he is adding the ES shortly, according to an email I got

<PapaJon> Is this report a paid service or complementary? 10:10

<Awash> can you post ES reports when available 10:11

<DJ> so far, free Papa

he offers tutorial services on demand

<PapaJon> ok, thnx dj

<DJ> I have not signed up there

it might be worth it

i signed up for his daily email

assuming he will finally ask for $ for training svcs 10:12

i just signed up at Tradestation 10:13

using Easylanguage code for entries and exits

it is not foolproof

but if I uses these natural ranges, guts instincts

i am hitting some targets

ask me a year from now, tho, if this works

that's why I am here 10:14

looking for ideas

and I will share what I find when I find it

there is another forum

not as active

#enthios

using Price Histogram theories

subq posts charts and these guys are sharp 10:15

like KN here

anyone heard from kn?

<jsbach> he is still on the phone with bernanke

<DJ> ha 10:16

nice action on es 10:18

<jsbach> yes 10:19

I am looking for 1210

<KN-SR> Long ES @ 1216 10:20

Exited 3/4 ES Long @ 1217 --> + 1

s.l 1.25

<Mauro> Long ER2 @ 662 10:22

<KN-SR> Long ES @ 1216 10:23

s.l 1.25

<Mauro> Exited all ER2 Long @ 663.2 --> + 1.2

<KN-SR> Exited 3/4 ES Long @ 1217.00 --> + 1

<Mauro> that was fast KN good

<DJ> nice 1.2 10:24

little quickie never hurts

on bal, your good

seems to be ranging for now 10:25

<KN-SR> nice trade Mauro

<DJ> hi, kn!

<KN-SR> hi

<Mauro> ty, premium made the low of the day on that bottom

<DJ> vg 10:26

i'm waiting for a break in some direction now

<KN-SR> :)

we are clsose

<DJ> KN, how did yur phone call with Bernanke go?

<KN-SR> Exited 2 ES Long @ 1218 --> + 2

<DJ> (y)

<KN-SR> not good all we talked was about u 10:27

<DJ> he hates me, methinks

<KN-SR> :)

thats makse 2 of us

<DJ> (h)

in my last call, I asked him to buy the drinks next time 10:28

<Widgetman> more like ( O )

hehe

1226 is sell zone for me

fwiw

<KN-SR> Exited 2 ES Long @ 1219.00 --> + 3

h5

* codehead_afk is now known as codehead

<DJ> vn, kn

<KN-SR> thanks 10:29

<DJ> feel like a parrot on yur shoulder

crawk

(sw)

<KN-SR> :)

<DJ> bbl (C) 10:30

<Mauro> good one KN. as they say it is not the thinking, its the sitting !!

<szubaark> Shorts ES @ 1219 «« paper »» 10:32

<KN-SR> :)

<szubaark> exit stop moved to breakeven ES @ 1219 «« paper »» 10:33

Covered all Short ES at 1219 --> 0 «« paper »»

<KN-SR> Exited 1 ES Long @ 1221 --> + 5 10:35

<szubaark> Buys ES @ 1221.75 «« paper »»

<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

<KN-SR> Exited 1 ES Long @ 1222 --> + 6

<codehead> oilDIVE 10:36

<KN-SR> Exited 1 ES Long @ 1224 --> + 8 10:37

<szubaark> Exited all Long ES at 1224.25 --> + 2.5 «« paper »» 10:38

<codehead> inventories right?

<KN-SR> :)

<jsbach> 10:37ET CRUDE FALLS OVER $5 AS INVENTORIES SHOW SURPRISE INCREASE 10:39

<DJ> surprise

migod!

as if they don't know daily what's up

bullish

<tzar> where is oil at 10:40

<DJ> 130

<KN-SR> Exited 1 ES Long @ 1227 --> + 11

<tzar> thanks DJ

<KN-SR> H - Last

<tzar> nice KN-SR

<KN-SR> thanks tzar

doen with 10 points

:)

<DJ> wow

vn! 10:41

<KN-SR> :)

<DJ> dow broke century at 11000

<Awash> Nice blast higher on Oil inventories

<DJ> bwarney fwank is speaking 10:44

<Mauro> Shorts ER2 @ 670.5 small 10:45

<DJ> 672.2 is high for day

<Mauro> Covered all ER2 Short @ 671.5 --> + 670.5 small - 671.5 10:46

<DJ> going to break hi

<KN-SR> q is are we going to see 19.25 again! 10:51

<DJ> we have formed a price wedge (trendlines) er 10:55

price action narrowing

<KN-SR> Shorts ES @ 1225 10:56

<DJ> 672.60 is good res point

<Mauro> Shorts ER2 @ 670.8 10:57

<KN-SR> reverse

<DJ> to 674

but, this wedge is telling

<KN-SR> s.l 1.25

<szubaark> Buys ES @ 1226 «« paper »»

Expecting Volatility spike soon 11:00

<DJ> yes

672.4 is high so far today

<KN-SR> Long ES @ 1225.50 11:01

<Mauro> Covered all ER2 Short @ 672.8 --> - 2

<KN-SR> s.l 1.25

<silo> Long ER2 @ 672.50 «« paper »»

<KN-SR> Exited 3/4 ES Long @ 1227.50 --> + 2 11:02

<DJ> 674.50 is yesterday's hight

high

silo, your long was at a res point...nice 11:04

<silo> yeah i know

<DJ> breaking top of wedge

very nice

<silo> ascending triangle yo mean?

:)

<DJ> yes

<silo> also vix 5min is about to break 11:05

<DJ> good narrow wedge and triangle

i use them

as well as Heads, shoulders, butts

<(

<silo> we are also about vpc

and just cleared VAH

<KN-SR> Exited 2 ES Long @ 1228.50 --> + 3

<silo> :)

so not much resistant up here anymore

<DJ> in and out 674.2 and 674.80 11:06

next point, 679 therebouts 11:07

low vol 11:08

<silo> Exited all ER2 Long @ 674.70 --> + 2.2 «« paper »» 11:09

<DJ> is we break 673, nice price point

<silo> vix just broke support.... price could be going up slowly from here 11:10

until we hit the next support

but need to see it break current support more convincingly 11:11

<DJ> you mean, "resistance" right?

<jsbach> resistance ~1249

<DJ> where is vix? 11:12

<jsbach> the upper bodies seem to have more momentum than the lower ones (wider range)

<Mauro> Shorts ER2 @ 674.9 11:16

small

<jsbach> nice 11:17

<Mauro> Covered 1/2 ER2 Short @ 673.4 --> + 1.5

<DJ> vol low 11:18

exhausted maybe

<KN-SR> nice Mauro

<Mauro> Covered Remainder ER2 Short @ 673.9 --> + 1 11:19

<DJ> vn

<Mauro> thanks

<DJ> i see lmted vol here

* Awash is now known as Awash_afk 11:22

<DJ> vol spiked at 10:25a CST 11:26

broke my vol trend line from this morning

bbl 11:34

<silo> Shorts ER2 @ 671.40 «« paper »» 11:43

<Mauro> Shorts ER2 @ 671.3 11:46

Shorts ER2 @ 672.3 add 11:47

<silo> Covered all ER2 Short @ 672.30 --> - 0.9 «« paper »» 11:49

Long ER2 @ 673.20 -> small size «« paper »» 11:51

<DJ> silo, nice long 11:57

<silo> might not work 11:59

<DJ> may be exhausting

it did strike 674.10

slow action 12:00

you went long at a shoulder formation

672.90 formed two shoulders 12:01

<silo> yeah see it :)

<DJ> sideways trend line starting at 10:24a CST 12:02

maybe we get a nice breakout? 12:03

<kantor> GM all

<DJ> the ES is really a great formation, H&S

<rickf> short es 1223 sm sz

<DJ> symmetrical

<silo> Exited all ER2 Long @ 672.20 --> - 1 «« paper »»

<Mauro> Covered all ER2 Short @ 672.3 --> + 672.3 add - 672.3 12:04

Shorts ER2 @ 673.6 12:05

<silo> Long ER2 @ 673.90 «« paper »»

i'm starting to deviate from my plan 12:06

starting to trade too much

lol

<rickf> sl set at 1225

<DJ> silo, been my issue as well. 12:09

trying to be more patient and wait for vol spikes coupled with range formations 12:10

<silo> Exited all ER2 Long @ 672.40 --> - 1.5 «« paper »»

<rickf> sl moved to 1224

<Mauro> Covered all ER2 Short @ 672.3 --> + 1.3

<DJ> vg 12:11

Mauro, you're way ahead now

<Mauro> ty, see you later, going for lunch

<rickf> out es 1224 -1

prolly better that way - looking for a drop but the chop ain't pretty 12:12

owell - time to grab lucnh :)

<DJ> enjoy

in 673.80 and out 675...too quick to type 12:27

out for now

short sale signal 12:28

waiting

<Andy> Shorts NQ @ 1826.25 «« paper »» 12:30

<szubaark> needs to break this here 12:32

<DJ> which symbol?

<szubaark> ES

<DJ> ty

<Andy> Shorts NQ @ 1827.25 -> Add «« paper »» 12:33

Covered all NQ Short @ 1827.75 --> - 2 «« paper »» 12:35

<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 12:38

<DJ> short 674.3 12:39

<Veter_away> register and earn easy money http://www.AWSurveys.com/HomeMain.cfm?Re fID=nnike

register and earn easy money http://www.AWSurveys.com/HomeMain.cfm?Re fID=nnike

<Nesi> geezz man

<ItalianSharp> veter, get the hell outta here...this is a trading room for godsake 12:40

<DJ> out 674.5 12:41

oops

<Veter_away> register and earn easy money http://www.AWSurveys.com/HomeMain.cfm?Re fID=nnike

<DJ> go away veter

<ItalianSharp> range is getting tighter and tighter...breakout/breakdown due soon 12:42

<DJ> see u later 12:45

<ItalianSharp> if bernanke spent another month at the congress, markets could make new record highs 12:46

<pdays> Shorts ES @ 1229.25 12:58

Covered all ES Short @ 1230.75 --> - 1.5 13:01

<Andy> Shorts ES @ 1229.75 «« paper »»

Covered all ES Short @ 1231 --> - 1.25 «« paper »» 13:03

<szubaark> exit stop moved to breakeven ES @ 1226 «« paper »»

Volatility spike, lets see if we get Volatility breakout 13:04

Exited all Long ES at 1231.50 --> + 5.5 «« paper »» 13:10

Shorts ES @ 1230.50 «« paper »» 13:19

Covered all Short ES at 1232.25 --> - 1.75 «« paper »» 13:22

<rickf> back 13:27

<szubaark> creeping higher, tick by tick 13:28

Shorts ES @ 1232 «« paper »»

Covered all Short ES at 1229.50 --> + 2.5 «« paper »» 13:47

<rickf> nice szu

<szubaark> thanx 13:48

<rickf> beware vol spike at 2PM - fed minutes come out 13:57

<szubaark> thanks rick 14:01

<rickf> np

<szubaark> nice spike to get Stops below 14:03

Shorts ES @ 1228.50 «« paper »» 14:07

<rickf> short es 28.50 sm sz 14:08

<szubaark> exit stop moved to breakeven ES @ 1228.50 «« paper »»

Covered all Short ES at 1228.50 --> 0 «« paper »» 14:09

feels like im chasing it

<rickf> sl at 29.50

out

:(

think it'll come back, but tight stops are the name of the game for me today

<szubaark> thats why i moved to breakeven, didnt trust it

<rickf> great minds think alike 14:10

<szubaark> they trying get Stops below

<rickf> yup

<Andy> Shorts ES @ 1234 «« paper »» 14:19

<KN-SR> nice entry Andy

but 14:20

<rickf> indeed

<KN-SR> it will go up in a short while :)

i need 75

<Andy> yes

<KN-SR> :)

31.75

<Andy> Covered 3/4 ES Short @ 1233 --> + 1 «« paper »» 14:23

Covered Remainder ES Short @ 1234 --> 0 «« paper »» 14:24

<ItalianSharp> looks like today is a bulls day 14:26

i am curious to see whether this up day will be tarnished by the usual last 30min selloff, like in all bear market rallies 14:27

<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 14:41

* Awash_afk is now known as Awash 14:45

<DJ> back 14:46

incredible breakout

missed whole thing

oil has a support at 131 14:48

if it breaks, we might see a continuation

<KN-SR> Long ES @ 1236.75 14:55

Exited 3/4 ES Long @ 1237.75 --> + 1 14:59

Exited 2 ES Long @ 1289.75 --> + 53 15:04

nop

Exited 2 ES Long @ 1238.75 --> + 2

s.l 35.25

<tzar> h 6 ? 15:06

<KN-SR> 5 15:07

hit and out 15:13

Long ES @ 1237.75 15:15

a.l 35.25 15:16

s.l

brb

<szubaark> Shorts ES @ 1237.25 «« paper »» 15:17

<DJ> last min run, kn 15:21

<KN-SR> Exited 3/4 ES Long @ 1239.25 --> + 1.5

well. its a long story :) 15:22

<DJ> +40 es on buy large qty, paper only

happy run

<KN-SR> will tell u if the price hits 50 tomorrow

<DJ> deeelish

<KN-SR> yes indeed

<DJ> you've had some great days since I joined

<KN-SR> i try my best 15:23

:)

<DJ> (y)

good head space here

<KN-SR> :)

<Widgetman> they gona jam the close ?

<KN-SR> we will reach 75 15:24

in few days

<szubaark> Covered all Short ES at 1240 --> - 2.75 «« paper »»

<KN-SR> and i will have my 1200+ trade :)

<Widgetman> hehe

we should see a PB first :)

<KN-SR> Exited 2 ES Long @ 1239.75 --> + 2

h5

<DJ> opened 1212, now 1240, lovely

<KN-SR> then i will quit :)

nop 15:25

1202

16 con

<DJ> wow

<KN-SR> and 9 con later

average price 1205.50

<DJ> that oil drop really drove this, i thin

think

<Widgetman> y 15:26

if oil spikes again

from iran

look out

<DJ> crude won't break down

<szubaark> Shorts ES @ 1239 «« paper »»

<DJ> it will spike, widegetman

<Widgetman> y

<KN-SR> don know :) really do my analysis b4 the trade.................once in the trade it all about management

<Widgetman> I think so

hate O/N news wild cards

<DJ> y

<Widgetman> always mess a good plan up

hehe

<DJ> lol

<KN-SR> :) 15:27

<DJ> kn, do you average in or pull trigger on large block to open

?

breakout

<KN-SR> will u explain the q 15:28

<DJ> do you buy or sell 10 and then add more and then manage?

10 or whatever your sizing is?

<KN-SR> nop

i use api to get in a trade

often split it to 3 or 4 brokers 15:29

depending on how busy the server is on brokers side

<DJ> API?

<KN-SR> its an interface

<DJ> oh

<KN-SR> to connect to the borker side

<Awash> Taking off soon, still holding 8 ESU8 from 1205, swing position over the next session

<KN-SR> take care Awash 15:30

<Awash> target is 1258

<KN-SR> nice

36 points up

<DJ> grt

<Awash> I may adjust target overnight but will be happy to post or send screen shot of trade execution to anyone that needs it

<DJ> :-d

<KN-SR> just crossed 900 points :) 15:31

let see how it work out finally

<DJ> i wuld like to see it, awash

thx

<KN-SR> :)

<Awash> DJ, i will send you my entry at 1205 via mIRC 15:32

<KN-SR> and this will be the last trade i will post in the forum

<DJ> ok

thx

<KN-SR> then i wil take a long off

<DJ> what is forum web address

<KN-SR> strategy lab.com

<DJ> thx

<KN-SR> uw 15:33

<ItalianSharp> KN, what's your take on this bottom? Is it real? 15:35

<KN-SR> for now yes

we will see may see 1186 next ------ back to 1227 15:36

1169 back to 1208

1149 back to 1185

<DJ> italian, were yu suggesting this was a bottom and turn bull?

<KN-SR> these are just my limit orders

sitting to be executed 15:37

<DJ> ok

<KN-SR> entry and tp

<DJ> nice you can set those

breakout points?

kn, those trade prices, how are they calculated?

<KN-SR> in a word : 15:38

or sen:

i just checked my acc statements of my entries in that area

if i were right last time, i will be ok this time too 15:39

and i was right last time

<DJ> interesting

professor.....

(y)

<KN-SR> well, i alwasy try to get the heavily traded area

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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)

<szubaark> Covered all Short ES at 1243 --> - 4 «« paper »»

<KN-SR> and always keep my notes of each day 15:40

:)

<DJ> i need to start that

<KN-SR> never thought we will be back in 100 area

<szubaark> Shorts ES @ 1242.25 «« paper »»

<KN-SR> 1100

<DJ> I am more intuitive than should be

<szubaark> frikin creep uptrend

<DJ> hurts

all chart tools go out the window 15:41

my Tradestn tool (candle alerts) 15:42

signaled a long es trade at 1228 and has

yet to signal an exit

<KN-SR> Exited 1 ES Long @ 1242.75 --> + 5

<DJ> how high are we going? 15:43

:-S

<Widgetman> what time frame ya use DJ on charts ?

<DJ> one minute and 5 minute for each symbol

<KN-SR> we area heading to 75

<DJ> wow, kn

<Widgetman> not tomorrow I hope 15:44

hehe

<DJ> widgetman, i use 10 and 45 minute in a.m.

before the reg session starts

<szubaark> any pullback here could bring this down few points QUICKLY

<KN-SR> will see

<DJ> looking for levels

could be one of those sell offs at close

<KN-SR> we should have a breakout in few hrs 15:45

<DJ> 25000 contracts traded on es a few bars ago

<KN-SR> yes

<DJ> those were sold contracts (even tho green up signaled in my charts)

movers dumped some of their longs, I think

<KN-SR> thats a interesting theory and long ......... 15:46

<DJ> counter-intuitive, that vol

<KN-SR> dont have any energy lfet today :)

<DJ> time to spend some money?

<KN-SR> almost 10 hr in trading

<DJ> wow

worth it

that's a huge up for your time 15:47

(y)

<KN-SR> every min :)

950+ up right now

<DJ> u made a great early trade

<KN-SR> well, i told what i thought 15:48

<DJ> y

<KN-SR> and i did put my money wehre my analysis is :)

<DJ> lot of time in front of screen

<KN-SR> was

<DJ> that was funny

my Tradestation signaled a sell at 2:49p CST 15:49

<Widgetman> thx DJ

<KN-SR> we should hit 47

soon

<Awash> Exit half at 1243, +38 points 15:50

<DJ> wow

<szubaark> nice

<DJ> absolutely

<KN-SR> nice

<DJ> (b)

<KN-SR> congrats

<Awash> thx

<DJ> i hope it was 40 contracts! 15:51

<Awash> you didn't look at the email i sent you

<DJ> not yet, still here

will do so after lunch, TY!

<KN-SR> brb

<DJ> going to study with full stomach

:-d 15:52

cya tomorrow, everyone

<KN-SR> Exited 1 ES Long @ 1244.75 --> + 7 15:58

h3

<szubaark> damn no pullbacks just keeps creeping higher 15:59

Covered all Short ES at 1246 --> - 3.75 «« paper »»

:(((

Shorted 3 times, got whacked 3 times

<KN-SR> Exited 1 ES Long @ 1245.75 --> + 8

<szubaark> bastids 16:00

Shorts ES @ 1244.50 «« paper »»

<KN-SR> :)

<szubaark> that looked like a last Flush

* Awash is now known as Awash_afk 16:07

<szubaark> Covered all Short ES at 1244.25 --> + 0.25 «« paper »» 16:08

<Awash_afk> buy limit to enter long ES @ 1230 16:34

i will post my entry tomorrow if i get filled overnight 16:35

good night all 16:36

* Awash_afk is now known as Awash

* DisconnectedSession Close: Wed Jul 16 17:01:29 2008 17:01

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

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

CME Emini Futures EMD, ER2, ES and NQ

CBOT mini-sized Dow Futures YM

Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50

Eurex Fixed Income Derivatives BUND, BOBL and Schatz

Euronext Futures FTSE-100 and CAC-40

CME Futures EuroFX EC

Treasury Futures T-Notes ZN, ZF and T-Bonds ZB

Forex Currencies EurUsd, EurYen and UsdCdn

Exchange Traded Funds DIA, IWM, QQQQ, SPY, OIH, XLE and GLD

NYMEX Energies Light Crude Oil CL, e-miNY QM and Natural Gas NG

COMEX Metals Gold GC and ZG

Hang Seng Index Futures HSI

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