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#FuturesTrades July 17th Tuesday 2007 Trade Log

 

Russell 2000 Emini ER2 Futures

Today Month Year
+9.50 +123.70 +1812.20
$950 $12,370 $181,220

click on image to view actual size

 

Current Performance Record

Jul 18th Weds 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: Tue Jul 17 09:26:40 2007Session Ident: #futurestrades
* Now talking in #futurestrades09:26
<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<ripsboy> gm all...
<davetrade> gm traders09:28
<pat255> gm
<base> GM all09:31
<jperl> ER2 opens at yesterdays VWAP 856.41
* sep34_away is now known as sep34
<werner> gm all
<jperl> yesterdays PVP 854.10
<NihabaAshi> A lot of GAP ups in the market today in different futures instruments.09:32
<Awash_afk> morning all09:34
* Awash_afk is now known as Awash
* lesAway is now known as les
<NihabaAshi>  Long ER2 @ 856.70 -> small size 09:35
<jperl> good entry above VWAP09:36
<NihabaAshi>  Exited 2/3 ER2 Long @ 858.00 --> + 1.3 09:37

Got more than the profit target goal on the trade.
<RONDOE> good morin all -housing index at 1 pm today, if good we should 14k in dow09:38
<NihabaAshi> Letting it ride on the remainder because of the bullish price action that showed up after my first exit of the 2/3.

Exited Remainder ER2 Long @ 858.50 --> + 1.8 09:39

Volatility just change.
  
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) 
  
<jperl> 2 day VWAP 857.7109:40
<NihabaAshi>  Shorts ER2 @ 859.00 -> small size

1 contract only09:41
<RussellDaytrade> shorting on scales
<NihabaAshi>  Covered ER2 Short @ 859.40 --> - 0.4 09:44

Reverse and Enter Long ER2 @ 859.40

2 contracts

Exited all ER2 Long @ 859.10 --> - 0.3 09:45

Shorts ER2 @ 858.40 -> medium size 09:47

Not looking for much...just want to correct the prior problematic trade management trades.09:48

volatility has changed again up here above 858.5009:51

Covered all ER2 Short @ 858.30 --> + 0.1 09:53

Geesh...took awhile to get a fill.
<jperl> ER2 at VWAP 857.9509:55
<NihabaAshi> A new WRB s/r zone has now been established in reaction to yesterdays 1:06pm - 108pm est price action sudden drop 859.20 - 858.4009:58

Shorts ER2 @ 857.70 -> small size 09:59

I'll be use that WRB s/r zone as a profit target for any Long positions.10:00
<jperl> ER2 at yesterdays vWAP 856.7610:02
<NihabaAshi> :(10:03

Hmmm...no fills10:04

Covered all ER2 Short @ 857.40 --> + 0.3

No fills at 857.0010:05
<venedom> gm
<NihabaAshi>  Shorts ER2 @ 856.60 -> small size 10:07

:(
<davetrade>  Shorts ES @ 1562.75
<NihabaAshi> They easily filled that trade :(
<jperl> ER2 bounces off the open
<NihabaAshi>  Covered ER2 Short @ 857.40 --> - 0.8 10:08
<ItalianSharp>  jees...this market doesnt wanna know about going down
looks like every 10-pt dip is being bough heavy
<pat255> yes IS...
<ItalianSharp> i definetely need to use a totally different strategy for shorts
go small and be happy with 5-8 ticks
<pat255> hmmm @office..:(10:09

EM IS GOOD at it.
<ItalianSharp> we need YM to be 100 pts off its record highs to get some decent shorts10:10
<jperl> ER2 bounced off VWAP 857.75
<venedom>  Shorts ER2 @ 857.30 10:11
<davetrade>  Covered all ES Short @ 1562.75 --> 0

not easy today
<jperl> actually very easy today10:12
<davetrade> good for you man :)
<NihabaAshi> Too many markets gapped up to the upside at the Open :(
<pat255> em quiet today,,,:(
<venedom>  Covered all ER2 Short @ 857..4 --> + 857.30 - 857..4 10:14
<jperl> volume peak building up at 857.40 area
<venedom>  Covered all ER2 Short @ 857.40 --> - 0.1
<NihabaAshi>  Shorts ER2 @ 857.10 -> small size
<RussellDaytrade> es is feeling queasy, er lookin like a sleepy and dopey lab10:15
<jperl> ER@ trading between two VWAPS.....

1 day VWAP @ 856.79 and 2 day VWAP @ 857.7510:16
<RussellDaytrade> es just fullfiled my dn t as did nq, no followthru on er today to the dnside
<NihabaAshi>  Covered all ER2 Short @ 858.00 --> - 0.9 10:17
<jperl> peak volume just move down to 857.50
<NihabaAshi>  Long ER2 @ 858.30 -> medium size

My entry is too late and its 1 tick below my profit target zone :(10:18
<jperl> I'm done for now....
trades here...10:19
http://charts.dacharts.com/2007-07-17/JP ERL_0112.jpg
<NihabaAshi>  Exited all ER2 Long @ 858.60 --> + 0.3 10:20
<RussellDaytrade> I have down targets in the low 850's (850.85 to 852.5 areas, (two separate models))...the equivalent targets for the es and nq are 1556.75 to 1555, and 2042.75 to 2039.75...if they go to new highs, new structures and targets will develop10:25
<NihabaAshi>  Shorts ER2 @ 859.20 -> small size 10:27

Taking a break after I close this trade and then will come back with a cleaner perspective about the price action.
<venedom> sushi time?10:28
<NihabaAshi> No...that's out of the question today.
<RussellDaytrade> well, we can pretend it is!10:29
<NihabaAshi> There's a guy here making a ton of distraction noises because he's doing some major bath room repairs :(

Covered 1/2 ER2 Short @ 858.60 --> + 0.6 10:31

Should have been a 3 contract small position but I only went with 2 contracts :(10:32
<venedom>  Shorts ER2 @ 858.80
<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)
<NihabaAshi>  Covered Remainder ER2 Short @ 858.90 --> + 0.3
Going outside to get some fresh air.10:33
Bringing laptop with to finish trading for the day on the patio.
* NihabaAshi is now known as NihabaAshi_away
<venedom>  Covered all ER2 Short @ 859 --> - 0.2
Shorts ER2 @ 859.30 10:36
<davetrade>  Shorts ES @ 1563.5 10:37
<venedom>  Covered all ER2 Short @ 858.9 --> + 0.4 10:39
Long ER2 @ 859.10 10:40
<pdays>  Shorts ER2 @ 859.3
<Brutus> 07/17/2007 09:47 DJ OIL FUTURES: Nymex Crude Hits 11-Mo High $75.05/Bbl
<pat255> biab ty all
<venedom>  exit stop moved to breakeven ER2 @ 859.10 10:41
Exited all ER2 Long @ 859.1 --> 0
<RussellDaytrade> oil has almost tripled in the past 5 years, and the fed is being vigilant to see if they can find any inflation...so far they don't see any, but rest assured, they are being vigilant10:42
<davetrade>  Covered all ES Short @ 1563.5 --> 0 10:44
<venedom> chop mkt10:45
<Fleneer> yes. volatile here as the DOW struggles to break 14K10:51
inflation? I havwe the "flat washer" index. take a penny and punch a hole in it and you hae a small zinc flat washer. Not very ong agi one could get a couple of those eashers with a pennie. It now takes 3 to 4 of those pennies to purchase that flat washer at your local hardware store. LOL10:54
<Awash> ES looks like Chop suey over past 45 minutes11:07
<Fleneer> yep it chopped me out. just watching for a bit. maybe we get some direction.11:08
<venedom> any news 4 these awake?11:11
<RussellDaytrade> now nicely in the green zone11:16
<NihabaAshi_away>  Shorts ER2 @ 857.90 -> small size
* NihabaAshi_away is now known as NihabaAshi
<NihabaAshi>  Shorts ER2 @ 858.30 -> Add 11:17

2 contracts now11:18

Covered 1/2 ER2 Short @ 857.20 --> + 1.1 11:20
<RussellDaytrade> closed some short
* szubaark is now known as szubaark_away11:21
<eminitrader>  Long ES @ 1561
<NihabaAshi>  Covered Remainder ER2 Short @ 857.60 --> + 0.3 11:22
<eminitrader>  Exited 1/2 ES Long @ 1562.50 --> + 1.5 11:30
<NihabaAshi> ER2 is still mainly drawn to that WRB s/r zone of 859.20 - 858.4011:31

Whenever it gets away from it...the lust takes over and it runs back to it :)11:32
<eminitrader>  Exited 1/3 ES Long @ 1563 --> + 2 11:34
* Looking up KnnK user info...11:36

up losfer user info...

up r1ckjames user info...
<venedom> n1 e11:45
Shorts ER2 @ 858.3 -> small size
Shorts ER2 @ 858.1 -> Add 11:48
<eminitrader> thx v11:49
<venedom>  Covered all ER2 Short @ 858.3 --> - 0.2 11:54
Covered all ER2 Short @ 858.30 --> 0 11:55
<Brutus> 1300/1700 Jul NAHB Housing Index12:03

Housing Market Index 28

1300/1700 Kansas City Fed Pres Hoenig speaks on monetary policy and

the economic outlook in North Platte, Neb.
<RussellDaytrade> I was wonderin about the economic outlook in North Platte12:04
<NihabaAshi>  Long ER2 @ 858.00 -> small size
<venedom> must be hot now
<RussellDaytrade> yes, and getting hotter12:05
<NihabaAshi> ER2 voaltility dropping fast.12:10
I'm expecting a volatility spike here soon.
<Awash> more chop12:12
<RussellDaytrade> chop sushi?
looks down to me12:13
<eminitrader>  Exited Remainder ES Long @ 1561 --> 0 12:14
<NihabaAshi> I['m losing my support area :(12:15
<Awash> speaking of chop sushi, i'm ready for lunch but may have to stay to trade
<davetrade>  Shorts ER2 @ 857.9
<NihabaAshi>  Exited ER2 Long @ 857.70 --> - 0.3

Reverse and Enter Short ER2 @ 857.70

2 contract trade now12:16
<Awash> maybe we retest LOD's
<RussellDaytrade> es the leader to the downside today12:17
<Awash> same as yesterday
<eminitrader> was just abt to say that

but NQ and YM at solid supp area
<NihabaAshi>  Covered all ER2 Short @ 857.60 --> + 0.1 12:18
<eminitrader> shld see a bounce in the ES if NQ and YM supp holds here
<NihabaAshi>  Long ER2 @ 857.70 -> small size
3 contracts
<eminitrader>  Long ES @ 1560 12:19
<RussellDaytrade> I'm thinkin the larger structure to the downside is about / may be about to manifest itself about in here, with a little push to initiate it, and get it moving12:20
<NihabaAshi>  Exited all ER2 Long @ 857.30 --> - 0.4 12:21
<RussellDaytrade> er needs to drop abuck and a half fairly rapidly on volume to help usher it in
<NihabaAshi>  Shorts ER2 @ 857.40 -> large size 12:22
<venedom>  Shorts ER2 @ 857.4 -> medium size 12:23
<NihabaAshi> We need to be careful here venedom
<Brutus> 07/17/2007 12:20 *DJ OIL FUTURES: Nymex Crude Falls Below $74/Bbl
<venedom> y
<NihabaAshi> Market trying hard to find some support.
<venedom> needto brk 5712:24
<RussellDaytrade> the opportunity is slipping by...bears are loungin poolside
dinks
<davetrade>  Covered 1/3 ER2 Short @ 857.2 --> + 0.7 12:25
<NihabaAshi>  Covered all ER2 Short @ 857.20 --> + 0.2
Didn't have the patience to see that trade to its profit target :(12:26
Plus there was some "fear".
<venedom> stop at .612:27
<davetrade>  Covered 1/3 ER2 Short @ 857.4 --> + 0.5
<venedom>  exit stop set ER2 @ 857.5 12:28
<NihabaAshi> If it drops below the support of 857.00...it should continue further down to at least a WRB
Ooops...its doing it now :)
<davetrade>  Covered Remainder ER2 Short @ 856.7 --> + 1.2
<venedom>  exit stop lowered ER2 @ 857.30
<NihabaAshi> It just reached a WRB at 856.6012:29

Shorts ER2 @ 856.50 -> small size 12:30
<eminitrader>  Exited all ES Long @ 1559 --> - 1
<NihabaAshi> 2 contracts only

Looking for another WRB below
<davetrade>  Long ER2 @ 856
<NihabaAshi>  Covered all ER2 Short @ 856.10 --> + 0.4 12:32

Caught the WRB
<RussellDaytrade> closed more short
<davetrade>  Exited 1/2 ER2 Long @ 856.4 --> + 0.4

Exited Remainder ER2 Long @ 856 --> 0 12:33
<RussellDaytrade> need to break the bulls spirit here12:34
<davetrade>  Shorts ER2 @ 856.7

corection it is 855.7
<RussellDaytrade> very nice, very predictable
<davetrade>  Covered all ER2 Short @ 856.7 --> 0

Shorts ER2 @ 855.7 12:35

Covered 1/3 ER2 Short @ 855.2 --> + 0.5
<Awash> stronger support at PDL and all sessions LOD12:36
<venedom>  Covered all ER2 Short @ 855.30 --> + 2.1
<davetrade>  Covered 1/3 ER2 Short @ 855.2 --> + 0.5 12:37
<NihabaAshi> Venedom, excellent patience and sticking with the trade.
<RussellDaytrade> all out flat
<Awash> nice trading Dave, Vene, RD
<Brutus>  Long ES @ 1557.75 «« paper »»
<venedom> ty
<eminitrader> very nice call v12:38
<Brutus>  exit stop set ES @ 1557 «« paper »»
<davetrade>  Covered Remainder ER2 Short @ 855.7 --> 0
<RussellDaytrade> thx A, worked out well
<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)
<eminitrader> where u posting ur trades RD?
<Brutus>  Exited ES Long @ 1558.25 --> + 0.5 «« paper »» 12:41
<RussellDaytrade> just texting the broad themes underpiining my outlook and trades, not 'posting' the actual trades, which in my view is providing more value via my mkt insight and outlooks, along with target levels, in many instances. :)
<Awash> cool12:42
<davetrade>  Long ER2 @ 856 12:43
<RussellDaytrade> 858.1, 1561, and 2056...possible up t's, if an upleg gets traction...how's that EM?12:46
<davetrade>  Exited all ER2 Long @ 855.8 --> - 0.2 12:50
<Brutus> 1300/1700 Jul NAHB Housing Index, I'm still thinking long12:53
<davetrade> chopy chopy market12:57
<RussellDaytrade> its GWL time12:58
<davetrade> yes lunch
<Brutus> 24 est 2712:59
<davetrade>  Shorts ER2 @ 855.7 13:00
<eminitrader>  Long ES @ 1558
<davetrade>  Covered all ER2 Short @ 856.7 --> - 1 13:02
<eminitrader>  Exited 1/2 ES Long @ 1559.50 --> + 1.5 13:03
<RussellDaytrade> I'm going out (to the kitchen) for breakfast13:18
<eminitrader> just got done with lunch :)13:19
Exited 1/3 ES Long @ 1560 --> + 2 13:20
<Brutus> nice e, I didnt get a fill at 1558.5 to slow:(13:21
<eminitrader> for a buy u mean13:22
<Brutus> yep
<eminitrader> k...i dont see much upside untill 1562 is taken out ...prolly test the lows again from 1560.50-156213:23
<Awash> brutus, maybe you'll get a buy on the retest of LOD, if any13:26
<Brutus> everything confirmed the long entry then, so a retest may not be so good.13:28
<Awash> understood
<eminitrader> agree..
think more downside coming13:29
* codehead_afk is now known as codehead
<Brutus> if my macro read is correct we should close in the mid to upper end of the range today
<Awash> stronger support below 1557.50
<Brutus> Notable companies reporting Tuesday includes: Coca Cola (KO), Intel (INTC), Merrill Lynch (MER), Yahoo (YHOO).
may cause AH movement today13:30
<RussellDaytrade> good news priced in??13:31
<eminitrader> yep...we never will know after the fact
<Brutus> yep but a little push further does not harm ;)13:32
<RussellDaytrade> feels like a balancepoint right here in the er, whichefver way it travels may set the course for a swing leg13:33
<eminitrader> that wld prolly lead a momemtum towards 1620 on the SP which i'm expecting before a decent correction ..

i think it may bounce from the 1540 area ..so may see a downtrend day soon13:34
<Brutus> yes e so lets call it a minor pullback :)
<eminitrader> cant think of anything else :)13:35
<RussellDaytrade> well I hope it goes up first so I can initiate new shorts, in my preferred manner, 'sell when the sun's shining'
thats target fulfillments, a little shy of tatrgets on all indices, but, close enuf...ooh, er, 858.1, thataboy13:38
<eminitrader>  Exited ES Long @ 1561.25 --> + 3.25

Reverse and Enter Short ES @ 1561.25
<RussellDaytrade> five minurtes late
<eminitrader>  Shorts ES @ 1561.75 -> Add 13:39
<NihabaAshi>  Long ER2 @ 857.90 -> small size 13:40
<eminitrader> partial fill @ 61.75 so holding 7
<RussellDaytrade> initiating new shorts small size wide scales13:41
<eminitrader> nq and ym not aligned with the ES on this set-up :(13:42
<NihabaAshi> Volatility dropping again...expecting a spike soon...hopefully upwards and not downwards.
I only have 2 contracts on this trade and I still feel that "fear"...very unusual to have that feeling in my trading.13:43
<RussellDaytrade> feels higher on a 'surprise attack' basis
<eminitrader>  Shorts ES @ 1561.75 -> Add 13:44
<NihabaAshi>  Exited all ER2 Long @ 858.20 --> + 0.3
<eminitrader> now holding 10 avg 1561.50
<Awash>  Long ES @ 1562 13:49
<jperl> ER2 hitting up against 1 wk PVP 858.30
<Awash>  Exited all ES Long @ 1562.25 --> + 0.25 13:50

don't like my entry
<eminitrader> looks pretty good A13:51
for a brekout
test of hod
<Awash> should have entered at 1560.25 but walked away from computer for a minute13:52

missed it

chased too far
<RussellDaytrade> if you don't like it A, you can always close it13:53
<Awash> agree, i did
<RussellDaytrade> looks like it may have a little left in it
sol another13:54
<eminitrader>  Covered 1/2 ES Short @ 1561.50 --> + 0.25 13:57
<Brutus> 07/17/2007 13:54 *DJ Hoenig:Housing Sector Taking Longer Than Thought To Recover
<RussellDaytrade> nq's on steroids13:58
<eminitrader> thats b/e on avg
  
WRB Analysis
  
<Brutus> 07/17/2007 13:54 *DJ Hoenig: Higher Inflation Could Change Rate Outlook For Fed
<eminitrader> thats what made me change my plan
meant NQ
<NihabaAshi>  Shorts ER2 @ 858.30 -> small size 13:59

I took this exact same trade before at 1 tick below an old WRB s/r zone that got re-established today :(

Will take another break from trading after I close this trade.14:00
<RussellDaytrade> 856.7, 1560.75, and 2056.25 are my t's if it retraces in here
12:41 mnt14:01
<eminitrader> 1560-1561 is where i will reverse ...if it gets there
<pat255> em u still S ?14:04
<eminitrader> yes pat
<pat255> kty
<Brutus> INTC is up 2% news leaked
<NihabaAshi>  Covered ER2 Short @ 859.00 --> - 0.7 14:05
<pat255> guess just buy buy
* NihabaAshi is now known as NihabaAshi_away
<Brutus> intc is backing down ES should follow14:09
<eminitrader>  Covered ES Short @ 1563 --> - 1.75 14:14
Reverse and Enter Long ES @ 1563
<davetrade>  Shorts YM @ 14087 14:15
<eminitrader>  Exited all ES Long @ 1563 --> 0 14:17
:((
<RussellDaytrade> they're throwin a few punches at'cha, get in there and throw a few back. :)14:18
<eminitrader> lol
waiting RD ...times not right yet14:19
<pat255> rd ? divergence
<RussellDaytrade> yep, give it time to tip its hand14:20
I am not as clear on it at the moment Pat, feel like mkt may get taken up more, so keeping small short, and using fairly wide scales on adds...am preferencing shorts, so not inclined to long, even if I see an upleg setting up, just waiting for shorts to setup, or high prices, and jsut 'puttin it out there'14:22
<eminitrader> ES now in an uptrend shld test hod and prolly new highs14:23
<RussellDaytrade> feels like it has firmed from underneath, to me, also.
<eminitrader> yep..looks like the floor is set14:24

wld like it to retrace a couple of pts ...and give me an entry :))14:25
<davetrade>  Covered all YM Short @ 14086 --> + 1
<RussellDaytrade> in the event that is does begin to decline, on a larger 'intraday' structure in here, which I don't have a clear sense of either way, my target is near 854.5...doesn't feel like its likely, I just like to work the numbers and keep them present14:27
<eminitrader> i,m looking 1561-1562 now14:29
* NihabaAshi_away is now known as NihabaAshi14:33
<NihabaAshi>  Long ER2 @ 859.90 -> small size 14:34
Exited all ER2 Long @ 860.00 --> + 0.1 14:41
:(
I went to a trailing stop too soon.14:42
<RussellDaytrade> added another round14:43
<pat255> S rd?14:44
<davetrade>  Shorts ES @ 1564.5
<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)
<ItalianSharp> this type of mkt makes it hard to hold onto winning trades, makes it hard to reverse positions, and makes it hard to do some decent size14:45

basically, IT SUCKS
<RussellDaytrade> yes...down from days high pft, but still profitable, and have small short on, in case it feels like (if and when) obliging me to the downside
<pat255> k..14:46
<NihabaAshi> Yep...reason why I've been keeping my overall size small especially since we are range-bound the past few trading days.
<pat255> y we are in lofty area..need to be careful..14:47
<RussellDaytrade> Perhaps, just perhaps, we have just seen the 'raising of the fantail' move in the er...ie, the proverbial raising of the stern, just prior to the ship heading for DavyJones locker, (as in the movie Titanic)...what I especially about this setup, is that it only beclomes clear 'after' the second leg kicks in, (the submerged part), which normally takes hold the following day, so, that one has to both exhibit and exercise...14:51
an ability and a penchant for being able to anticipate events before they actually occur.14:52
<davetrade>  Covered 1/3 ES Short @ 1563.5 --> + 1 14:53
<eminitrader>  Long ES @ 1563.25
10 lot
<RussellDaytrade> I beleive exercising ones powers of anticipating is one of the best ways of improving in being able to do just that.14:54

and if at first you don't succedd, try again
<Awash> E, what made you chose 1563.25J?14:55
<eminitrader> my ma's support
<Awash> K
just curious, in line at 156214:56
may need to step up a bit
<eminitrader> will add there upto 1561

Exited 1/2 ES Long @ 1564.25 --> + 1 14:57

Exited 1/3 ES Long @ 1564.75 --> + 1.5 14:59
<jperl> I'm done for today....trades here....15:01
http://charts.dacharts.com/2007-07-17/JP ERL_0113.jpg
<davetrade>  Covered Remainder ES Short @ 1564.5 --> 0 15:02

Shorts ER2 @ 860
<eminitrader>  Exited Remainder ES Long @ 1563.25 --> 0 15:04
<pat255> later gyus ...ty all15:05
<RussellDaytrade> http://youtube.com/watch?v=nhgVwKDob5g15:06
titanic going to DavyJones locker
<eminitrader>  Long ES @ 1564 15:08
<Awash>  Long ES @ 1564
PA came off that 1563.25 level15:09
watching closely for an advance
<eminitrader>  Exited all ES Long @ 1564 --> 0 15:12
<davetrade>  Covered 1/3 ER2 Short @ 859.2 --> + 0.8 15:21
<NihabaAshi>  Shorts ER2 @ 859.20 -> small size
<Awash>  Exited all ES Long @ 1563 --> - 1 15:22
<RussellDaytrade> new high pfts for day
<davetrade>  Covered 1/3 ER2 Short @ 858.5 --> + 1.5
<eminitrader> nice call dt15:23
<davetrade> ty
<eminitrader>  Long ES @ 1562.50 15:24
<davetrade>  Covered Remainder ER2 Short @ 858 --> + 2 15:25
<eminitrader>  Long ES @ 1562 -> Add 15:26

Exited 1/3 ES Long @ 1563 --> + 1

Long ES @ 1562 -> Add 15:33

back to 10
<NihabaAshi>  Covered 1/2 ER2 Short @ 858.10 --> + 1.1
<davetrade>  Long ER2 @ 858 15:34
<Brutus> YHOO is up 3%15:39
<davetrade>  Long ER2 @ 857 -> Add 15:40
<RussellDaytrade> very nice, very, very nice15:41
<NihabaAshi> Almost there to my profit target WRB s/r zone of 856.70 - 856.20
<eminitrader>  Long ES @ 1560.75 -> Add 15:42
<NihabaAshi>  Covered Remainder ER2 Short @ 856.30 --> + 2.9 15:45
<RussellDaytrade> I almost hate closing these shorts thery're workin so well
<eminitrader> :))
<NihabaAshi> Got more than my goal on that trade.
<RussellDaytrade> took a litlle off
<eminitrader>  Exited all ES Long @ 1559.75 --> - 3.75 15:50
<davetrade>  Exited all ER2 Long @ 856 --> - 3 15:51
<eminitrader> wasted day ..:((((
<RussellDaytrade> that's an usual occurance15:52
<davetrade> ye big surprise at the end
<eminitrader> back to zero + commish

u got the ans RD :))
<RussellDaytrade> you trying to fool the brokers into thinkin they may actually get some of their monies back?
<eminitrader> sure did today...15:53
<RussellDaytrade> I'm bettin on you, not against you15:54
<Brutus> 07/17/2007 15:54 Yahoo-YHOO call volume heavy; July straddle suggests $1.45 move on EPS - YHOO is recently up .69 to $27.40. YHOO is expected to report EPS of .11 cents after the close tonight according to Thomson First Call. YHOO July 27.5 straddle priced at $1.72. YHOO call option volume of 180,374 contracts compares to put volume of 89,538 contracts according to Track Data.
<eminitrader> almost -1400 on the last trade
<RussellDaytrade> closed another
<Brutus> 07/17/2007 15:45 Intel-INTC call volume heavy as option prices inline with EPS hedging - INTC is recently up .40 to $26.35. INTC is expected to report EPS of .15 cents after the close tonight according to Thomson First Call. INTC July 25 straddle priced at $1.85. INTC call option volume of 230,955 contracts compares to put volume of 78,450 contracts according to Track Data.15:55
<eminitrader> U GO...

by the way ..excellent shorts RD
<Brutus> I'm still till expect a lift in Globex
<eminitrader> well tommorpws another day...no o/t for me...will start @ 8:30 tommorow ..if there is a o/n trend15:56
<RussellDaytrade> thx EM, may be about one of the most efficient days I've had, as measured by pft's over number of trades
<Brutus> YEp 0830 is CPI data15:57
<eminitrader> clear signs of moving forward ...good job
yes B..prolly move the mrkt either way15:58
<Brutus> Speaking of going forward, you going to trade a live account RD?
<RussellDaytrade> yep, the federallies don't see inflation yet, but they have their ears to the tracks and their eyes on the horizon, scanning, ever-vigialnt (my ass)15:59
<eminitrader> lol
<RussellDaytrade> just as soon as I can procure one B
still trying to fuigure out how the mkt trades...how am I doing thus far?16:00
* sep34 is now known as sep34_away
<RussellDaytrade> oh my gosh, 854.5, (somebody must be reading my forecasts)16:01
closed another, one left
<eminitrader> whaeever u r doing ...seems to be working...:))

later guys ...my turn to take the kids to their kumon class16:02
<Brutus> cu e
<eminitrader> later b
<RussellDaytrade> a unique belnd of statistics, imagination, pattern-recognitions, and a little good old-fashioned luck16:03
<eminitrader> looks like nq is frozen
<RussellDaytrade> so long all
<eminitrader> compared to the last min move on the ES and ym
<Awash> good night all16:04
<RussellDaytrade> http://youtube.com/watch?v=uO_vFuzPJvc16:05

thats what I've listened to this afternoon
<NihabaAshi> ER2 filled in its GAP16:07
<werner> gn all16:15
<Brutus> 07/17/2007 16:15 *DJ Intel 2Q Net $1.28B Vs Net $885M, +44% >INTC
07/17/2007 16:15 *DJ Intel 2Q EPS 22c Vs EPS 15c >INTC
07/17/2007 16:15 *DJ Intel 2Q Rev $8.68B Vs $8.01B, +8.4% >INTC16:16
<NihabaAshi> That's a wrap and if I didn't recognize the range bound market over the past few trading days...

I would have never had taken that last trade that produce some decent profits.16:17

Interesting too that the repair guy had finished his work about 15mins before that trade :)16:18
<Brutus> now thats a good indicator :) cu
<base> lol :)16:19

See you traders, good night all.
<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)16:50
* DisconnectedSession Close: Tue Jul 17 17:11:00 200717:11
  
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