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#FuturesTrades
July 18th Wednesday 2007 Trade Log
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Current Performance Record |
Jul 19th Thurs 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.
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: Wed Jul 18 09:19:46 2007Session Ident: #futurestrades * Now talking in #futurestrades 09:19 <X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm <szubaark_away> gm 09:23 * szubaark_away is now known as szubaark 09:24 * subq market profile charts for today http://www.charthub.com/images/2007/07/1 8/er2_rth_mp.png 09:25 http://www.charthub.com/images/2007/07/1 8/es_rth_mp.png http://www.charthub.com/images/2007/07/1 8/nq_rth_mp.png http://www.charthub.com/images/2007/07/1 8/ym_rth_mp.png <jperl> ER2 opening below its 2 day 3rd STdDev 09:26 <X> #FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, QQQQ, SPY) 09:27 <davetrade> gm <PapaJon> gm all 09:28 <RussellDaytrade> feels like a buy to me, in a general way ( I think it may go lwer before holding), but I am still preferencing being short, so I prefer waiting for a possible bounce to sell into, then going long, good trading today everyone <venedom> gm 09:29 <base> GM all <RussellDaytrade> perhaps 845 area for a low??? 850.80 satisfied my model low 09:30 <pat255> gm & RD u were right on S <werner> gm all <pat255> @office again...sigh <RussellDaytrade> worked out, flat now, waiting for inspiration or impulse 09:31 <pat255> lol wtg <RussellDaytrade> tester buy 09:32 <eminitrader> Shorts ES @ 1552.50 <NihabaAshi> Shorts ER2 @ 848.20 -> small size 09:33 Obviously an intuition trade :) <werner> is that gap in the 60' ym all session right? <NihabaAshi> I'm watching Oil and Gold closely since they will be the talk of the town today. 09:34 Simply, I don't want to do battle with them today in my trades in ER2 09:35 Currently some price direction (up and down) in different Oil markets... That's what I'm trying to exploit on this Short before they get in tuned with each other. 09:36 <venedom> Shorts ER2 @ 847.90 Shorts ER2 @ 848.40 -> Add 09:37 taking heat <RussellDaytrade> adding smnall long <venedom> Shorts ER2 @ 849 -> Add 09:38 last add now crosiing everithing fingers etc <NihabaAshi> Covered ER2 Short @ 849.20 --> - 1 Reverse and Enter Long ER2 @ 849.20 2 contracts now <RussellDaytrade> I've got 856-857 area for large structure up targets...if it holds these lows and gets traction... 09:40 <NihabaAshi> FED Chairman Bernanke speaks today at 10am est <RussellDaytrade> 854 area nearby's, same terms <base> And EIA at 10:30 <eminitrader> Covered all ES Short @ 1553.50 --> - 1 09:41 <venedom> Covered all ER2 Short @ 850 --> - 3.1 <NihabaAshi> Exited 1/2 ER2 Long @ 850.30 --> + 1.1 <venedom> now it will fall <RussellDaytrade> 1558 es 2056.25 nq nearby's 09:42 <NihabaAshi> Oil and Gold markets in tuned with each other. <eminitrader> Shorts ES @ 1555 <RussellDaytrade> 1560 2059.25 large on es nq 09:43 <venedom> Shorts ER2 @ 850.70 -> large size <NihabaAshi> They have been since ER2 was at 849.00 <venedom> Shorts ER2 @ 850.30 -> Add 09:45 Covered all ER2 Short @ 850.70 --> - 0.4 09:47 <eminitrader> Covered all ES Short @ 1555 --> 0 <venedom> breas break <RussellDaytrade> closing a little 09:48 <NihabaAshi> Exited Remainder ER2 Long @ 852.30 --> + 3.1 Trading Edge: 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) <WannaBeBOS> nice3 one nihaba 09:50 <eminitrader> Shorts ES @ 1556.50 <NihabaAshi> I think I benefited from some "pre-bernanke speech" price action * DisconnectedSession Close: Wed Jul 18 09:51:52 2007 09:51 Session Start: Wed Jul 18 09:54:03 2007Session Ident: #futurestrades * Now talking in #futurestrades 09:54 <X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTra desChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrad es.htm <NihabaAshi_away> Sorry about that...I got some IRC connection problems <eminitrader> Covered ES Short @ 1553.50 --> + 3 09:56 holding 1 <pat255> vn em <RussellDaytrade> long small <eminitrader> thx pat stop @ b/e be back 09:57 <Brutus> 1000/1400 Fed Chairman Bernanke testifies before U.S. House Fincl Services panel in Washington 1030/1430 Jul 13 US Energy Dept Oil Inventories <RussellDaytrade> perhaps large structure long will begin to take hold 09:58 <NihabaAshi_away> Brutus, how much you're paying per month for the news feed ? 09:59 <Brutus> $0 :) 10:00 <jperl> ER2 at VWAP 849.87 <NihabaAshi_away> Thanks :) <Brutus> free with ameritrade apex account <jperl> done for now....trades here.... <NihabaAshi_away> Is it FREE if you don't make any trades...what I mean is if I open an account with them and don't trade because I just want the FREE news feed... 10:01 Will it still be free? <Brutus> wait 10:02 <jperl> http://charts.dacharts.com/2007-07-18/JP ERL_0114.jpg required several scale ins to pull out the profit 10:03 <RussellDaytrade> es nearby fulfillment, er nq lagging 10:04 <eminitrader> Covered Remainder ES Short @ 1556.50 --> 0 late post <Awash> volume spike at HOD 10:05 good morning all <NihabaAshi_away> Be careful all...Bernanke should be speaking by now and/or the big boys are making trade decisions via his commentary. <eminitrader> Shorts ES @ 1555 <NihabaAshi_away> Most of the time the FED Chairman is a market mover. <eminitrader> looks like new lows Covered 1/3 ES Short @ 1553 --> + 2 10:06 <RussellDaytrade> letting it run against me just to see what happens / how it shapes up <NihabaAshi_away> Long ER2 @ 849.40 -> small size 10:07 1 contract only <eminitrader> big ben may cause some noise ...but looking like a dpwn day <base> 10:06ET DJ Fed's Bernanke: Sees Economy Strengthening Into '08 10:08 <jperl> ER2 1 month VWAP is at 847.05 which should hold <eminitrader> Covered 1/3 ES Short @ 1552 --> + 3 10:09 <NihabaAshi_away> Exited ER2 Long @ 848.50 --> - 0.9 Reverse and Enter Short ER2 @ 848.50 2 contracts <RussellDaytrade> back in the saddle <base> I will wait until Bernie is done. <eminitrader> Covered 1/3 ES Short @ 1550 --> + 5 10:11 holding 1 10:12 <NihabaAshi_away> Covered 1/2 ER2 Short @ 846.70 --> + 1.8 <RussellDaytrade> adding small nice trading EM 10:13 <eminitrader> thx RD <RONDOE> good trading guys <jperl> 1 month VWAP holding so far 10:14 <NihabaAshi_away> Covered Remainder ER2 Short @ 847.50 --> + 1 <RussellDaytrade> *****Bernanke Statement pre-Release, NOT FOR PUBLIC DISSEMINATION!***** Bernake sez, stocks are cheap, buy with both hands! <NihabaAshi_away> :) 10:15 <eminitrader> hhehhe <Awash> LOL <RussellDaytrade> and if you need $$$, we'll print sdme, 'how much yo want?' <eminitrader> Covered ES Short @ 1551.50 --> + 3.5 10:18 Reverse and Enter Long ES @ 1551.50 <jperl> 1 month VWAP chart for ER2..... 10:19 http://charts.dacharts.com/2007-07-18/JP ERL_0115.jpg light blue line is VWAP.... <base> eminitrader: Nice to see you taking your money back. :) 10:20 <jperl> red green are stdandard deviations above /below VWAP <eminitrader> Exited 1/3 ES Long @ 1553 --> + 1.5 :)) thx b <jperl> red line is PVP At the moment market is holding up at the VWAP 10:21 <eminitrader> Exited ES Long @ 1552.50 --> + 1 10:23 Reverse and Enter Short ES @ 1552.50 Shorts ES @ 1553.50 -> Add 10:26 <RussellDaytrade> Ben commits to status quo 10:29 <NihabaAshi_away> So far today its been all about Bernanke after 0930am est... Waiting to see what the 1030am est EIA Petroleum Status Report will do. 10:30 * NihabaAshi_away is now known as NihabaAshi <ItalianSharp> oil is flying off the report <eminitrader> Covered 1/2 ES Short @ 1552.50 --> + 1 <ItalianSharp> eminis not followin yet <eminitrader> thats a b/e 1 st lot <pat255> biab ty all @office work beacons me 10:31 <NihabaAshi> Shorts ER2 @ 847.30 -> small size 10:34 3 contracts only <eminitrader> Covered 1/3 ES Short @ 1551.50 --> + 1 10:35 <RussellDaytrade> down volume drying up, may hold lows <jperl> ER2 @ 1 month VWAP 847.11 10:36 <NihabaAshi> I just lost my support (to stay in the trade) for this Short Volatility declining too fast. <RussellDaytrade> wow, Ben just said there is high inflation, and mkt just stood there, didn't sell off...deer in the headlights? 10:37 <NihabaAshi> Covered all ER2 Short @ 848.00 --> - 0.7 10:38 <ItalianSharp> yep RD, and the US dollar is falling...??? <RussellDaytrade> he's painting /spinning the bright-side..if inflation / oil moderates, etc, inflation pressures will abate, etc <ItalianSharp> well, US treasury yields are falling...something is cooking here 10:40 <NihabaAshi> Shorts ER2 @ 847.60 -> large size Covered all ER2 Short @ 847.50 --> + 0.1 10:42 :( Got shook out. <ItalianSharp> Yields keep going down...facing the 5% mark in a bit 10:43 <NihabaAshi> Been tough this week to hold a position with some size. <RussellDaytrade> now he's giving us the bad news, mkt seems to be not reacting much to the downside, perhaps the testimony has already been anticipates enuf / damage done, he's dropping samll bombs, for example, he just said subprime is likely to get worse before it improves, small reaction from mkt, ...maybe mkt relief rallies after he concludes, or possibly even prior to concluding, in anticiaption of, etc 10:44 <jperl> Todays PVP just shifted to 847.50...below VWAP of 848.87 <RussellDaytrade> all this typing is making me hungry. :) <NihabaAshi> Long ER2 @ 847.30 -> small size <eminitrader> thx rd ..nice commentary ...good job <jperl> looking for return to VWAP 10:45 <NihabaAshi> Covered ER2 Short @ 846.60 --> + 0.7 10:46 Reverse and Enter Long ER2 @ 846.60 <ItalianSharp> US yields just broke thru 5% <eminitrader> Covered 1/3 ES Short @ 1549 --> + 3.5 <NihabaAshi> Ooops... Will correct... I'm short with two contracts. -0.7 on the Long contract and currently Short with 2 contracts <eminitrader> holding 1 10:47 <NihabaAshi> Shorts ER2 @ 846.60 -> small size <eminitrader> Covered Remainder ES Short @ 1547 --> + 5.5 <RussellDaytrade> I wonder who's gonna lambaste him from the panel? the tone of the questioner(s) may induce a selloff, for example, the chairman, now speaking added one long long 3 now <NihabaAshi> Covered 1/2 ER2 Short @ 844.50 --> + 2.1 10:52 Oil retracing all of its gains but not Gold... If Gold starts to head south with some momentum... We "will" see further declines in the eminis. <eminitrader> shld'nt it be the other way round niha ? 10:54 <RussellDaytrade> alright, that outta be about how much heat Ben faces from the panel, nobody's gonna top the chairman of the committee for rippin him a new one <eminitrader> gold up stocks down ...gold down stocks up ? 10:55 <NihabaAshi> Covered Remainder ER2 Short @ 845.50 --> + 1.1 10:56 Other key markets trying too hard to find some support to go up. 10:57 [10:55] <eminitrader> gold up stocks down ...gold down stocks up ? 10:58 Eminitrader...I don't do my intermarket analysis like that. As in one versus one. 10:59 <eminitrader> k <NihabaAshi> I compare several together (Oil, Gold, Eminis, Yields and Market Breadth). 11:00 <eminitrader> gotya thx <NihabaAshi> However, I use them ONLY as confirmation to my pattern signals to help with my position size. 11:01 Reason why most of my trades this week have been 1 - 2 contracts only due to all the mixed signals I'm getting in other key markets. 11:02 <RussellDaytrade> yay, traction to the upside 848.2 nearby and 853.9 large, with some luck 11:04 long 4 ap 846.6 <NihabaAshi> I think the market is back to focusing on Bernanke again now that the price action involving Oil has started to lose its volatility. 11:05 * Disconnected 11:08 * Attempting to rejoin channel #futurestrades 11:10 * Rejoined channel #futurestrades <X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTra desChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrad es.htm <Awash_afk> mIRC disconnection <eminitrader> Shorts ES @ 1552.25 -> Add 11:11 Shorts ES @ 1553.25 -> Add 11:13 <Awash_afk> Shorts ES @ 1552 -> Add <eminitrader> stop 1554.25..no more adds holding 15 11:15 <WannaBeBOS> balls <eminitrader> nice pa...mrkt flow as expected 11:16 <Awash_afk> Covered all ES Short @ 1551.25 --> + 1 <eminitrader> Covered 1/3 ES Short @ 1551.25 --> + 2 11:17 <Awash_afk> looking to get short again * Awash_afk is now known as Awash <eminitrader> Covered 1/3 ES Short @ 1550.25 --> + 1 11:18 <RussellDaytrade> oh no, not one of these days when you wriing-out every wiggle on the short-side while I am trying to make the longs work...I've seen this movie before. :) 11:22 <eminitrader> :) trend still to the downside.. <RussellDaytrade> carry on <eminitrader> on the ES <Awash> trend still down 11:23 <RussellDaytrade> er is slightly relatively weaker then es nq, realtive to each other <Awash> what's your opinion of how fast we came off the lows. Typical? <eminitrader> now if this bounces back and takes out 1554.25...then prolly a chance of trend change ...but doubt it today.. but hey we never know 11:24 <RussellDaytrade> its early yet <Brutus> Niha about news - see bottom of link <eminitrader> true <Brutus> http://www.tdameritrade.com/ratesfees.ht ml I had a Apex account but withdrew the money, they kept it open so its still all free for me 11:25 <RussellDaytrade> possible balancepoint here er? with possible new leg up? am I seeing apparitions? 11:26 <Brutus> It must be so they can report beter Apex client stats <eminitrader> Covered ES Short @ 1548.75 --> + 2.5 11:28 holding 2 <Awash> nice trading E, i messed up my short with a premature exit <eminitrader> thx A...trading multiple lots help 11:29 <Awash> had two on that last one, was anticipating we would retest 1553 that way i could get a better price but I was wrong 11:30 going to leave it on next time <eminitrader> but it did test 53 <Awash> too often i try to pick the best price areas <eminitrader> k u meant retest <Awash> and get left with nothing retest yes <eminitrader> thats why planned scale in for shorting when the longer term trend/outlook is bullish..helps trading short term swings 11:32 <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) 11:33 <eminitrader> my res area for the expected pullback was 51-54 area.. 54 had to be a strech cause my stop was 54.25 Covered ES Short @ 1546.25 --> + 5 11:34 holding 1 <Awash> your strat is to just enter within that pullback area makes sense, i'll consider that <NihabaAshi_away> Shorts ER2 @ 843.80 -> small size 11:35 tough sport for a short here. 2 contracts only * NihabaAshi_away is now known as NihabaAshi <eminitrader> exactly ..since my stop was 3 pts from initial entry ..i had to adjust my lot sizes to avg 52.25 ..to have a 2 pt stop on the avg which i.m comfortable with... 11:36 <Awash> ok good stuff got rattled on that textbook pullback, but now i'll approach it differently next time <eminitrader> but on the other hand i did not want to miss out on the move if the mrkt makes its move from the initial res piont.. <NihabaAshi> Covered all ER2 Short @ 843.60 --> + 0.2 <eminitrader> this way i cld be in the trade either way 11:37 <NihabaAshi> Lucky exit because I almost dumped it at 844.20 <Awash> exactly i'll have to wait another hour or two for a pullback if we breakdown here <eminitrader> three 5 pionters on 3 trades today ...very happy with my trading 11:38 <Brutus> Yes very nice trading today e 11:39 <eminitrader> want to end the day with a tenner ..keeping my fingers crossed :) <Awash> :) <eminitrader> thx b <NihabaAshi> Long ER2 @ 844.20 -> small size 1 contract only Still keeping my overall positon size small and trying to take fast profits unless volatility shows up to merit staying in a trade to WRB targets. 11:40 Exited ER2 Long @ 844.80 --> + 0.6 11:42 Too bad I didn't have 2 contracts on this one because it has a good chance to move higher. <eminitrader> exit stop moved to breakeven ES @ 1552.25 <NihabaAshi> Oil has completely disassociated itself from other key markets. 12:01 Thus, they are doing their own thing while Bernanke is doing his thing :) <base> lol 12:04 <NihabaAshi> Long ER2 @ 843..10 -> small size ooops Too many .. in the input. 12:05 Long ER2 @ 843.10 -> small size 2 contracts only <eminitrader> Bear Stearns Says Hedge Fund Worthless 12:06 article - http://www.forbes.com/feeds/ap/2007/07/1 7/ap3924116.html <NihabaAshi> Exited all ER2 Long @ 843.60 --> + 0.5 12:07 Can't hang around too long in these long positions since 1030am est 12:08 <RussellDaytrade> terra firma? 12:13 at this point, I am declaring my 'titanic' call from yesterday afternoon worked out as envisioned, beautifully, in fact, perfect 12:19 <NihabaAshi> RD...you still have some shorts on the table? If so...your killing it. <RussellDaytrade> no, I am now prematurely long <NihabaAshi> Shorts ER2 @ 841.40 -> small size 12:20 Gold and Oil are trying to get together again... If not...its an easy position reversal to a Long position. <eminitrader> i will prolly be going long from later this am/ tommorow RD ...think we will see support coming in 1530-1535 on the SP <NihabaAshi> Covered all ER2 Short @ 841.10 --> + 0.3 12:21 That was a 1 contract only trade Too bad that was a big Dark (red) WRB to keep my profit potential on that short to a few ticks only :( 12:23 If Bernanke is finish talking by the schedule 2pm est... 12:24 I'll increase my position size on Longs whenever I get any trade signals after he stops talking. 12:25 <RussellDaytrade> I think they're within approx 10-15 minutes of a wrap 12:26 <eminitrader> came 2 ticks of my tenner :(( 12:28 <RussellDaytrade> use rounding! <NihabaAshi> Any confirmation that Bernanke has finish talking ??? 12:41 <RussellDaytrade> Barnie Frank still peppering him, two questioners remaining 12:42 <base> uh 12:43 <RussellDaytrade> barely in the green again, hopefully can salvage the day if / when it lifts 12:44 <Awash> brb, need to reboot 12:49 <RussellDaytrade> all out, small pft 12:50 * Awash_afk is now known as Awash 12:56 <Awash> . <RussellDaytrade> it's a wrap 12:59 <intowin> Long ES @ 1546.75 13:04 Exited all ES Long @ 1546 --> - 0.75 13:10 <Brutus> 07/18/2007 13:09 *DJ Bernanke: Hedge Fund Failures 'Not Necessarily A Bad Thing' 13:14 <RussellDaytrade> small long, risk defined and contained to days pfts, will not add build to it, just let it do whatever it wants to, and see how it pays off 13:18 <intowin> Long ES @ 1546.50 13:22 <NihabaAshi> Shorts ER2 @ 844.50 -> small size 13:28 2 only I'm not managing this position like I should be...looking to minimize the damage. 13:33 Covered all ER2 Short @ 844.70 --> - 0.2 13:36 <intowin> Exited 1/2 ES Long @ 1548.50 --> + 2 13:37 <NihabaAshi> Long ER2 @ 845.90 -> small size 13:38 2 only <intowin> exit stop set ES @ 1546.50 <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) 13:39 <eminitrader> Covered Remainder ES Short @ 1549.25 --> + 2 <NihabaAshi> Exited all ER2 Long @ 846.40 --> + 0.5 <RussellDaytrade> ah, hell, sold the !@#$%^& thing...paid well! 13:40 <pdays> Shorts ER2 @ 846.4 13:42 * codehead_afk is now known as codehead <pdays> Covered all ER2 Short @ 846.1 --> + 0.3 <NihabaAshi> The WRB s/r zones I'm working with today are 848.60 - 846.50 (entries and profit targets) and 847.50 - 846.50 (profit targets only) 13:44 Any trades outside those numbers are just trades "outside" my trading plan. 13:45 <RussellDaytrade> er just fulfilled my tareget at 847.2, but it so overslod that it is likely to exceed t's to the upside, and, these are the first two t's that have fully achieved, so most likely that will carry 13:46 <eminitrader> agree RD ...looks like a trend change on the ES ..not yet in NQ 13:48 ym failure to brek res..as of now 13:49 <Awash> this area is still 50% Ret of overall trend? <eminitrader> yes ..but a high probability that mrkt flow has changed ..see pa brek of 1449 13:50 sorry 1549 <Awash> got it 13:51 <eminitrader> just a probability yet A ..not confirmed <Awash> we're pausing in this area possible selling 13:52 <eminitrader> will pullback here and thats when we throw in the dice...cld brek down or will reverse <RussellDaytrade> I do not have clarity on how the close may shape, running my numbers, if it tops out on this leg between now, (857.5) and driftsd into the close, possible 841.6... <eminitrader> if ym is the leader ..then looks like a failed attempt 13:53 <RussellDaytrade> if it tops into the 848 6 area, and drifts into close, possible 843.6, but as I said, I have no clarity, jusr running the numbers for now, to stay in practice <Awash> agree, we missed shorting higher price then <RussellDaytrade> 847.5 correction to above <eminitrader> yep..but was a low probability trade as when the set-up occured 13:54 given the pa <Awash> it's all good, have more time to get short 13:55 <eminitrader> Long ES @ 1547.50 <NihabaAshi> Another good fight afer a Big Dark WRB <eminitrader> partial fill 2/5 13:56 <RussellDaytrade> the above sceanarios pertain to the downside aspects, I do not have anything in my work that supports highs beyond 848.6, not saying it can't happen, just not showing up in my numbers 13:57 <NihabaAshi> Emini...do you get more partial fills when you increase your size in ES ??? <eminitrader> no niha ...but happens when thats a bidtick 13:58 <NihabaAshi> Ok...thanks. <eminitrader> or a sell on a ask bid Long ES @ 1547.50 -> Add now thats a full Exited 2/3 ES Long @ 1549.50 --> + 2 14:04 holding 2 14:05 nq @ res ...shld see if it will brek thru 14:07 <Awash> Shorts ES @ 1549 14:12 <eminitrader> Exited Remainder ES Long @ 1548.50 --> + 1 <NihabaAshi> Shorts ER2 @ 845.50 -> small size 14:15 3 contracts only <intowin> Exited all ES Long @ 1547.50 --> + 1 14:16 <RussellDaytrade> 846.3 fulfills er nearby t 14:17 <NihabaAshi> Geeesh :( <eminitrader> Long ES @ 1546.25 <NihabaAshi> Covered all ER2 Short @ 844.90 --> + 0.6 14:18 <eminitrader> 10 lot <Awash> Covered 1/2 ES Short @ 1546.25 --> + 2.75 finally got one <eminitrader> nice one <Awash> sellers were at 1550 again <szubaark> nice <Awash> exit stop lowered ES @ 1548.75 14:19 <eminitrader> cause nq failed at res...will prolly try to test again Actually ym too <szubaark> emini u mean test Lows? <eminitrader> no res levels 14:20 if it fails there prolly see test of lows critical low on es is 1544.50 <NihabaAshi> Long ER2 @ 844.70 -> small size 14:21 2 only The price action suddenly is starting to stink :( 14:23 Volatility declining fast 14:24 <eminitrader> Exited all ES Long @ 1545.25 --> - 1 14:26 <NihabaAshi> Exited ER2 Long @ 844.10 --> - 0.6 Reverse and Enter Short ER2 @ 844.10 :( I saw that one coming a mile away and stayed in its tracks like a deer in front of coming car lights :( 14:27 <eminitrader> Long ES @ 1545.75 14:28 <NihabaAshi> Covered all ER2 Short @ 844.50 --> - 0.4 <eminitrader> 10 lot <Awash> Covered all ES Short @ 1546 --> + 3 14:29 <eminitrader> looks up 6 tick stop <intowin> Long ES @ 1545.75 14:30 I agree <RussellDaytrade> correction to above last post...844.3 fulfills, not 846.3 <NihabaAshi> Long ER2 @ 844.90 -> medium size 14:31 * fseitun is now known as ItalianSharp 14:33 <intowin> Exited 1/2 ES Long @ 1547.25 --> + 1.5 14:36 <eminitrader> supp nicely held :)) Exited 1/3 ES Long @ 1547.75 --> + 2 <RussellDaytrade> any whiff of an 'ole ole, in come free' , may see accelerationtothe upside 14:37 <NihabaAshi> Exited all ER2 Long @ 847.70 --> + 2.8 Ooops Exited all ER2 Long @ 845.70 --> + 0.8 14:38 <RussellDaytrade> send that broker a xmas card! <eminitrader> lol <RussellDaytrade> good fills <Awash> lots of good pullbacks today on my chart <NihabaAshi> Too bad I was on the low side of a medium position...wish I had 2 more contracts on the trade. <Awash> http://www.elitetrader.com/vb/attachment .php?s=&postid=1535920 <eminitrader> what r u trying to convey A ? 14:40 <RussellDaytrade> hey, no fair using labels on charts, thats too easy <NihabaAshi> I got my profit goal for the day after a lot of work to get there :( <Awash> E, just posting my observations, i missed two pullbacks today <eminitrader> k..thx ...was lost ? 14:41 <intowin> Exited all ES Long @ 1545.75 --> 0 14:42 <eminitrader> Exited Remainder ES Long @ 1545.75 --> 0 14:44 <Awash> Shorts ES @ 1545.25 <intowin> starting to look less healthy <eminitrader> Long ES @ 1544.75 2 tick stop 14:45 and a 20 lot Exited 1/4 ES Long @ 1546.25 --> + 1.5 14:47 shld be the lows of the day 14:49 exit stop moved to breakeven ES @ 1544.75 14:50 <Awash> Covered all ES Short @ 1547 --> - 1.75 14:52 <eminitrader> Exited 1/4 ES Long @ 1547.25 --> + 2.5 holding 10 WRB Analysis <intowin> E is the only guy I know that can catch a falling knife and come out unharmed :) 14:53 <eminitrader> itwdepends on how u see it...for me the falling knoife was in the am... 14:54 this is just noise before moving <intowin> It just looked like that 5 minute bar you bought on was going to change the trend.. But did notice it stoped at support 14:55 nice call <RussellDaytrade> yes, but can he trade while walking thru hot coals barefoot? 14:56 <eminitrader> thats why i called it crical[14:21:03] <eminitrader> critical low on es is 1544.50 also itw...i was looking fr a good support area to buy into...[12:21:02] <eminitrader> i will prolly be going long from later this am/ tommorow RD ...think we will see support coming in 1530-1535 on the SP 15:00 <RussellDaytrade> all indices (futures) held between (above ) projected low, except es, which touched it, so two outta three exhibiting realtive strength <eminitrader> am was meant to be pm 15:01 <intowin> yepper. mIssed the am <eminitrader> am was good today 15:02 nice day overall...crossed 5k .. 15:03 <intowin> for you maybe I was out in the hot sun with the bugs <eminitrader> :) Exited 1/4 ES Long @ 1546.75 --> + 2 15:04 5 now..will hold for a runner stop @ b/e <RussellDaytrade> those projected lows, er 841.6, nq 2037.5, es 1544.5, are on large structurs basis, so it is possible they may still try and trade there before the close, ie, since they are lareger structure, gotta give 'em more time time to evolve <eminitrader> totally in sync there but i think they r forming support base in this area for a longer term up move 15:06 <pat255> vn em...wtg back rd for move up? <eminitrader> thx pat...kinda made up for yest ..:) 15:07 <pat255> vvn em... <RussellDaytrade> yes, agree, with the addition that we see lower lows tomorrow am session on foloowthru seling, with reduced selling pressures, setting up posdiv though it usually feels ugly as sin <eminitrader> :) <NihabaAshi> Long ER2 @ 845.40 -> small size 15:09 1 contract only <intowin> gotta run.. Doing some wakeboarding before the rain... 15:11 <RussellDaytrade> who's going to confessional (reporting earnings this pm, tomorrow am, after the bell / before the open? perhaps mkt gets another little spanking 15:13 es trying to lead 'em up I'm sttin this one out, resting up 15:14 <eminitrader> ym not co-operating :(( 15:15 be back <RussellDaytrade> balanacepoint er 15:17 <Brutus> Upcoming Earnings Reports After The Market Close Today, July 18th - The more notable companies reporting earnings after the close include CTAS, CTXS, CNW, JNPR, KNX, LHO, NE, SOV, TER, ALL, TMK, EBAY, IBM and WM. 15:19 <RussellDaytrade> maybe ibm'll cause some queasiness in the indices 15:20 <Brutus> Intel fell 4.5% ... missed guidance. Pfizer (PFE) fell 4% after announcing a weaker-than-expected drop in profits. Yahoo! was down 5% 15:22 * sep34 is now known as sep34_away 15:23 <Brutus> Nice chart Awash, market pulled back to fibs nicely today 15:24 <RussellDaytrade> es still wants to hunt
