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#FuturesTrades August 6th Wednesday 2008 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+16.70	+63.70	+2106.30
$1,670	$6,370	$210,630

Emini ES

1352pm - 1354pm est

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.

Also, to read behind the scenes details about the trades posted below such as explanation of my position size, stop management, chart interval choice et cetera...click here.

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.

WRB Analysis

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Session Start: Wed Aug 06 06:55:48 2008Session Ident: #FuturesTrades

* Now talking in #FuturesTrades 06:55

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

<+tzar> NihabaAshi 08:09

gm

you are early today

<@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/FuturesTradesChatRoom.htm

<+tzar> gm NihabaAshi

<@NihabaAshi> Good morning tzar and all

<rickf> gm 09:15

<Trader> gm

<+tzar> gm andy 09:17

<ItalianSharp> morning all 09:23

<Andy> gm all 09:25

<+Trader> short es 1279.50 paper 09:26

<PapaJon> gm all

* anglo is now known as angl 09:29

<+Andy> Long ES @ 1279 «« paper »» 09:30

<drt> gm 09:31

<+Andy> Exited 3/4 ES Long @ 1280 --> + 1 «« paper »» 09:32

<@NihabaAshi> Long ER2 @ 718.10 -> large size 09:33

<+silo> Long ER2 @ 718.40

<Nesi> go silo :)

<@NihabaAshi> :( 09:34

<+Nesi> Shorts ER2 @ 718.60 09:35

<+Andy> Exited Remainder ES Long @ 1281 --> + 2 «« paper »»

<szubaark> nice andy

<@NihabaAshi> Exited ER2 Long @ 717.60 --> - 0.5

<+Andy> thanks szu :)

<+Nesi> keep the stops silo

<+silo> Exited ER2 Long @ 716.7 --> - 1.7 09:36

Reverse and Enter Short ER2 @ 716.7

<@NihabaAshi> My +0.1 tick trailing stop didn't activate :(

<+Nesi> nice reversal silo

<angl> platform niha?

<+Nesi> Covered all ER2 Short @ 714.50 --> + 4.1 09:37

<+Trader> tp on 1/2 @ 1278.50

<+Andy> vn Nesi

<+Nesi> luck :/

<@NihabaAshi> Not a platform problem...if I don't remember setting it up...I most likely didn't set it up this morning when I open my platform

<+angl> ok ty

group 7 : equipment not at fault 09:38

:)

<+Trader> tp on 1/4 @ 1277.50

<+Nesi> Long ER2 @ 714.20 09:39

<+Andy> Long ES @ 1277.25 «« paper »»

<+Nesi> hard stop 713.30 set

<@NihabaAshi> weak support area for ER2 09:40

<+Andy> Exited all ES Long @ 1278.25 --> + 1 «« paper »»

<+Nesi> Exited all ER2 Long @ 714.50 --> + 0.3

<@NihabaAshi> Long ER2 @ 714.80 -> large size 09:41

<+silo> Covered all ER2 Short @ 714.9 --> + 2.4

<+Nesi> great trade, silo :)

<+szubaark> Shorts ES @ 1277.75 «« paper »»

<+Nesi> do you feel a difference between real and sim, silo?

<+rickf> wtg silo 09:42

<Baxwill> gj silo

<+silo> of course

it's harder haha

:D

<@NihabaAshi> trailing stop now properly set :)

<+Baxwill> silo makes it look easy, either way 09:43

<+Nesi> Shorts ER2 @ 715.80

<@NihabaAshi> Exited ER2 Long @ 715.70 --> + 0.9 09:44

<+Nesi> Covered all ER2 Short @ 715.30 --> + 0.5

<+Andy> Long ES @ 1278 «« paper »» 09:45

Exited 2/3 ES Long @ 1279. --> + 1 «« paper »»

<+Nesi> Shorts ER2 @ 716.10 09:46

<+Andy> Exited Remainder ES Long @ 1278 --> 0 «« paper »»

<+Nesi> Covered all ER2 Short @ 715.30 --> + 0.8 09:48

Long ER2 @ 715.00 09:49

<+Andy> Long ES @ 1277.5 «« paper »»

<+Nesi> Exited all ER2 Long @ 714.50 --> - 0.5 09:50

<+Andy> Long ES @ 1276.75 -> Add «« paper »»

<+Nesi> Shorts ER2 @ 715.00 09:51

Covered all ER2 Short @ 715.70 --> - 0.7 09:52

<+Andy> Exited 3/4 ES Long @ 1277.5 --> + 0.75 «« paper »»

<@NihabaAshi> Long ER2 @ 715.90 -> large size

<+Andy> Exited ES Long @ 1278.25 --> + 0.75 «« paper »»

<@NihabaAshi> geeesh :( 09:53

<+rickf> short es 1277.50 paper 09:54

<+Andy> Exited Remainder ES Long @ 1276.75 --> - 0.75 «« paper »»

<+silo> Long ER2 @ 716.30 09:55

<+szubaark> Covered all Short ES at 1278.25 --> - 0.5 «« paper »»

Buys ES @ 1278.75 «« paper »»

<+Nesi> Shorts ER2 @ 716.50

<+Trader> exited last 1/4 @ 1279 paper 09:56

<@NihabaAshi> Exited ER2 Long @ 717.00 --> + 1.1 09:57

<+rickf> sheesh i don't like this today 09:58

<@NihabaAshi> too bad I didn't have as many contracts (3 less) on that large size in comparison to prior large size I did earlier.

<+rickf> exit es 79.50 -2 paper 09:59

<@NihabaAshi> Price action got a little tricky and I dropped my contract size because of such.

<+Nesi> Covered all ER2 Short @ 718.00 --> - 1.5

<pdays> Long YM @ 11554 10:00

<+pdays> Exited all YM Long @ 11560 --> + 6 10:01

<+silo> Exited all ER2 Long @ 717.5 --> + 1.2 10:02

<@NihabaAshi> Shorts ER2 @ 716.00 -> small size 10:04

<+silo> Shorts ER2 @ 715.8

<@NihabaAshi> 3 only

<+szubaark> Exited all Long ES at 1278.75 --> 0 «« paper »»

Shorts ES @ 1278.25 «« paper »»

<@NihabaAshi> Will not trade more than 3 contracts for the remainder of the trading day...price action making me a little nervous. 10:05

<+silo> 715 is resistance for us

<@NihabaAshi> Covered ER2 Short @ 715.90 --> + 0.1 10:06

Long ER2 @ 716.10 -> small size 10:09

2 only

<+szubaark> tough Pinball action 10:10

<@NihabaAshi> Exited ER2 Long @ 716.10 --> 0 10:12

Reverse and Enter Short ER2 @ 716.10

<+Nesi> short DAX 576.50 one only 10:13

hard stop at 580 set 10:14

<@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/FuturesTradesChatRoom.htm 10:15

<@NihabaAshi> Covered 1/2 ER2 Short @ 714.90 --> + 1.2 10:16

Holding 1 contract

<+szubaark> Covered all Short ES at 1279.25 --> - 1 «« paper »»

<+Nesi> out DAX 580

<@NihabaAshi> Covered Remainder ER2 Short @ 715.80 --> + 0.3

<+szubaark> Buys ES @ 1279.25 «« paper »»

<@NihabaAshi> :(

Will stay on the sidelines and watch for awhile 10:17

<+Nesi> short DAX 581 10:18

<+Andy> Long ES @ 1279.25 «« paper »»

<+silo> Covered all ER2 Short @ 716.3 --> - 0.5 10:19

<+Nesi> good stop

<+Andy> Exited 1/2 ES Long @ 1280.25 --> + 1 «« paper »»

<+Nesi> Shorts ER2 @ 716.20 10:21

<+Andy> Exited Remainder ES Long @ 1280 --> + 0.75 «« paper »»

<+szubaark> exit stop moved to breakeven ES @ 1279.25 «« paper »»

Exited all Long ES at 1279.25 --> 0 «« paper »» 10:22

Buys ES @ 1279.50 «« paper »» 10:25

<+Andy> volume has gone kaput 10:28

<+szubaark> should be spike soon

<+Andy> Shorts ES @ 1279.25 «« paper »» 10:30

<+Nesi> Shorts ER2 @ 715.80 -> Add

<+Andy> Covered all ES Short @ 1279 --> + 0.25 «« paper »»

trade error...intended only to cover 3/4 10:31

<+szubaark> Exited all Long ES at 1278 --> - 1.5 «« paper »»

Shorts ES @ 1278 «« paper »»

<+Nesi> cover DAX 567.00

<+rickf> short es 1277 paper 10:32

<+Nesi> Covered all ER2 Short @ 715.00 --> + 2 10:35

<+szubaark> Covered all Short ES at 1279.75 --> - 1.75 «« paper »» 10:37

geezz

Buys ES @ 1279.75 «« paper »»

<+tzar> some price action

<+rickf> eit es 1279 -2 paper

<+silo> Long ER2 @ 716.60

<KN-SR> Shorts ES @ 1279.00 10:38

<+KN-SR> s.l 80.25

Covered 3/4 ES Short @ 1277 --> + 2 10:40

h7

brb

<+szubaark> Exited all Long ES at 1276.50 --> - 3.25 «« paper »»

geez

<+rickf> short es 1277 paper

<+szubaark> Shorts ES @ 1276.50 «« paper »»

TANK!

<+Andy> Long ES @ 1276.5 «« paper »»

<+szubaark> too many fakeouts in this Chop 10:41

<+rickf> no kidding

this might have some steam though

<+szubaark> easy to pile up loss after loss :(

<+rickf> i hope

actually short from 78 not 77 10:42

<+Andy> Exited all ES Long @ 1276 --> - 0.5 «« paper »» 10:43

<+silo> Exited ER2 Long @ 714.4 --> - 2.2

Reverse and Enter Short ER2 @ 714.4

<+KN-SR> Covered 1/4 ES Short @ 1276 --> + 3 10:44

h6

<+rickf> exit 1/2 es 1276 +2 paper

<+Nesi> Long ER2 @ 714.50 10:47

Long ER2 @ 715.30 -> Add 10:50

<+rickf> exit es 77.75 +.25 paper 10:51

i'm heading to the gym - maybe it'll be a nicer tape when i get back.....either that or i'll go find some paint to watch dry :)

back later

<+szubaark> yeah too difficult to trade this.. 10:52

<+KN-SR> brb 10:58

<+Nesi> Exited all ER2 Long @ 713.80 --> - 2.2 11:03

<+szubaark> Covered all Short ES at 1278.50 --> - 2 «« paper »» 11:07

Buys ES @ 1278.50 «« paper »»

<+Nesi> Long ER2 @ 714.90 11:08

Long ER2 @ 715.50 -> Add 11:11

here we go probably

<@NihabaAshi> Long ER2 @ 716.70 -> small size 11:15

2 only

<+Nesi> Exited 1/2 ER2 Long @ 717.30 --> + 1.8 11:16

<@NihabaAshi> chaser after over-analysis\

<+KN-SR> Shorts ES @ 1280.25

s.l 1.25

<+szubaark> Weak Resistance here

<+KN-SR> brb 11:17

<@NihabaAshi> Exited ER2 Long @ 717.00 --> + 0.3

Lucky exit considering how far I chased this...poor entry

Long ER2 @ 717.20 -> small size 11:22

3 only

Exited 2/3 ER2 Long @ 718.00 --> + 0.8 11:26

Exited Remainder ER2 Long @ 718.50 --> + 1.3 11:27

Be back later...got some distractions here at home :( 11:28

* NihabaAshi is now known as NihabaAshi_away

<+Andy> Shorts ES @ 1281.5 «« paper »» 11:29

<+Trader> KN I assume you keep mental stops because price went past your S.l

<+KN-SR> if price went pas my s.l. i m out of trade 11:32

thats a hard stop not a mental stop

<+Andy> Covered all ES Short @ 1282 --> - 0.5 «« paper »» 11:33

<+Trader> thanks

<+KN-SR> u welcoem 11:34

come

<+Nesi> Exited Remainder ER2 Long @ 718.80 --> + 3.9 11:40

<+KN-SR> nice trade Nesi 11:41

<+Andy> Shorts ES @ 1283 «« paper »» 11:44

Covered 2/3 ES Short @ 1281.5 --> + 1.5 «« paper »» 11:46

<+szubaark> Exited all Long ES at 1281.25 --> + 2.75 «« paper »» 11:47

<timmyb> good morning all 11:56

<+Andy> Covered Remainder ES Short @ 1281.25 --> + 1.75 «« paper »» 12:02

<+timmyb> can i ask how to turn the paper thing on 12:03

<+Andy> Shorts ES @ 1283 «« paper »» 12:08

<+timmyb> where it says paper behind it

<+Andy> Covered 1/2 ES Short @ 1282 --> + 1 «« paper »» 12:09

<+timmyb> well i was long ES @ 1281.25 12:10

paper

how do you color it also??

* +timmyb slaps tzar around a bit with a large trout

<+Andy> Covered 1/4 ES Short @ 1281.50 --> + 1.5 «« paper »» 12:13

<+timmyb> covered long ES @ 1282.00

<+Andy> Covered Remainder ES Short @ 1281.75 --> + 1.25 «« paper »» 12:15

Long ES @ 1281.50 «« paper »» 12:16

Exited all ES Long @ 1281.5 --> 0 «« paper »» 12:18

<@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/FuturesTradesChatRoom.htm 12:21

<+Andy> Shorts ES @ 1283.5 «« paper »» 12:31

Covered 3/4 ES Short @ 1282.5 --> + 1 «« paper »» 12:32

Covered Remainder ES Short @ 1283.25 --> + 0.25 «« paper »» 12:37

Shorts ES @ 1285.5 «« paper »» 12:46

Covered 1/2 ES Short @ 1284.5 --> + 1 «« paper »» 12:48

Covered Remainder ES Short @ 1285 --> + 0.5 «« paper »»

Long ES @ 1282.5 «« paper »» 12:55

Long ES @ 1282 -> Add «« paper »» 12:56

<JimL> Long ER2 @ 720.10 12:58

<+JimL> exit stop set ER2 @ 719.50 «« paper »» 12:59

<+Andy> Exited 2/3 ES Long @ 1283 --> + 1 «« paper »» 13:00

Exited Remainder ES Long @ 1282.5 --> 0 «« paper »»

<+timmyb> Short es @ 1282.00 (paper) 13:01

<+JimL> Trailing Stop Hit ER2 @ 719.50 --> - 0.6 «« paper »» 13:04

<+Andy> Long ES @ 1281.25 «« paper »» 13:05

Exited 2/3 ES Long @ 1282.25 --> + 1 «« paper »» 13:08

<+JimL> sell stop to enter short ER2 @ 719.70 «« paper »» 13:10

exit stop set ER2 @ 720.70 «« paper »» 13:11

<+Andy> Exited Remainder ES Long @ 1282 --> + 0.75 «« paper »»

<+JimL> exit stop lowered ER2 @ 719.5 «« paper »» 13:16

<+szubaark> Buys ES @ 1282.25 «« paper »»

<+JimL> Trailing Stop Hit ER2 @ 719.5 --> + 0.2 «« paper »» 13:17

<+szubaark> exit stop moved to breakeven ES @ 1282.25 «« paper »» 13:18

Exited all Long ES at 1282.25 --> 0 «« paper »» 13:21

<+JimL> Shorts ER2 @ 720 «« Scalp »» 13:24

<+Andy> Shorts ES @ 1283.5 «« paper »» 13:25

Covered all ES Short @ 1283.5 --> 0 «« paper »» 13:26

<+szubaark> Shorts ES @ 1283.50 «« paper »»

<+Andy> Shorts ES @ 1284.5 «« paper »» 13:28

<+timmyb> covered ES short 1284 -2

<+JimL> Shorts ER2 @ 720.8 -> Add «« Scalp »»

Shorts ER2 @ 721 -> Add «« Scalp »»

<+szubaark> exit stop set ES @ 1285.50 «« paper »» 13:29

<+JimL> Shorts ER2 @ 721.3 -> Add «« Scalp »»

exit stop set ER2 @ 722 «« Scalp »» 13:30

<+Andy> Shorts ES @ 1285 -> Add «« paper »» 13:31

<+JimL> exit stop raised ER2 @ 722.80 «« Scalp »» 13:33

<+Andy> Covered all ES Short @ 1285 --> - 0.5 «« paper »» 13:35

Shorts ES @ 1284 «« paper »» 13:37

Covered 1/2 ES Short @ 1283 --> + 1 «« paper »» 13:40

<+timmyb> short 1283 es

<+JimL> Covered 1/4 ER2 Short @ 720.30 --> + 1 «« Scalp »» 13:41

<+timmyb> covered short 1282 es +1yep

not applicable

<+JimL> exit stop lowered ER2 @ 720.6 «« Scalp »»

<+timmyb> short is not covered yet 13:42

<+JimL> Covered 1/3 ER2 Short @ 720 --> 0 «« Scalp »» 13:43

Trailing Stop Hit ER2 @ 720.6 --> - 0.6 «« Scalp »»

<+Andy> Covered Remainder ES Short @ 1283.5 --> + 0.5 «« paper »» 13:47

<+timmyb> covered es short 1282 +1 13:53

<+Andy> Long ES @ 1282.25 «« paper »»

<+Nesi> Shorts ER2 @ 719.20

short DAX 6600 13:54

<+Andy> Long ES @ 1281.75 -> Add «« paper »»

<+rickf> back 13:56

<+Andy> wb rickf 13:57

<+rickf> didnt miss much i see

bleh

<+Andy> Exited 3/4 ES Long @ 1282.5 --> + 0.75 «« paper »» 13:58

<+szubaark> tight ranges back and forth 13:59

Covered all Short ES at 1283.25 --> + 0.25 «« paper »»

<+Andy> Exited 1/4 ES Long @ 1283 --> + 0.75 «« paper »» 14:00

<peterpanboy> Hi everyone gm or better aftenoon 14:03

<+szubaark> Buys ES @ 1283.50 «« paper »» 14:05

Exited all Long ES at 1283 --> - 0.5 «« paper »» 14:07

Shorts ES @ 1283 «« paper »»

probobly just Chop here to Death 14:08

<+Andy> Exited Remainder ES Long @ 1283.5 --> + 1.25 «« paper »» 14:09

Shorts ES @ 1283.5 «« paper »» 14:10

Shorts ES @ 1283.75 -> Add «« paper »» 14:11

Covered all ES Short @ 1284.25 --> - 1.25 «« paper »»

<+szubaark> Covered all Short ES at 1284.75 --> - 1.75 «« paper »» 14:12

Buys ES @ 1284.75 «« paper »» 14:13

<+Andy> Shorts ES @ 1284.5 «« paper »»

Covered all ES Short @ 1285 --> - 0.5 «« paper »» 14:15

<+szubaark> IF we break intrday High here, could be nice up move 14:16

<+peterpanboy> Short ES 86.25 14:17

<@NihabaAshi_away> Shorts ER2 @ 721.80 -> small size 14:22

* NihabaAshi_away is now known as NihabaAshi

<@NihabaAshi> 1 only

<+Andy> Shorts ES @ 1287 «« paper »» 14:23

<@NihabaAshi> Covered ER2 Short @ 722.30 --> - 0.5 14:24

<+szubaark> i havent seen it this slow in a while :(( 14:25

<+rickf> tempting to shut down for he day actually 14:26

<+Nesi> Shorts ER2 @ 722.00 -> Add

<+peterpanboy> cover 1/2 ES short @ 86 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/FuturesTradesChatRoom.htm

<+szubaark> this creeping Price Action is just terrible.. i like it when we get Swings both ways 14:28

<@NihabaAshi> Shorts ER2 @ 722.00 -> small size 14:29

<+Andy> Covered 2/3 ES Short @ 1286 --> + 1 «« paper »»

<+rickf> long es 86.50 sm sz paper 14:31

<@NihabaAshi> stubborn little booger

should'uv seen at least a 1 point drop in ER2 by now 14:32

tightning my stop 14:33

<+szubaark> its not going up either

<+peterpanboy> exit remainder ES Short @ 1286.25 "paper" + 0

<+szubaark> its gonna spike either UP or Down here :))

<+peterpanboy> very nervy action

<@NihabaAshi> Covered ER2 Short @ 722.60 --> - 0.6

<+Andy> Covered Remainder ES Short @ 1287 --> 0 «« paper »» 14:34

<@NihabaAshi> It spiked upwards

<+rickf> exit es 1287.50 +1 paper

<+szubaark> Price saying we going Higher,lets see

nice rick

<@NihabaAshi> Long ER2 @ 723.80 -> small size

<+rickf> lucky

<@NihabaAshi> 2 only

That was an intraday high breakout spike 14:36

<+szubaark> in ER, NQ,ES were already higher 14:37

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, intermarket analysis with a money back guaranteed policy...click here.

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)

<@NihabaAshi> Exited 1/2 ER2 Long @ 725.00 --> + 1.2

Holding 1 contract

<+szubaark> ER like a good dog, following ES,NQ

<@NihabaAshi> tightning trailing stop 14:38

<+Andy> Shorts ES @ 1287.5 «« paper »»

<@NihabaAshi> again up @ 724.70 14:39

Exited ER2 Long @ 724.70 --> + 0.9

<+Andy> Covered 2/3 ES Short @ 1286.5 --> + 1 «« paper »» 14:41

Covered Remainder ES Short @ 1287 --> + 0.5 «« paper »» 14:42

<+szubaark> exit stop moved to breakeven ES @ 1284.75 «« paper »» 14:43

<+Andy> Long ES @ 1288.75 «« paper »» 14:45

Exited all ES Long @ 1288.75 --> 0 «« paper »» 14:47

Shorts ES @ 1289 «« paper »» 14:49

Covered all ES Short @ 1290.25 --> - 1.25 «« paper »» 14:50

<@NihabaAshi> Short squeeze since 2:45pm est 14:51

<+szubaark> yes

<+Andy> Shorts ES @ 1291.25 «« paper »» 14:53

<+codehead> YM 10 off July peak

<+szubaark> Exited all Long ES at 1290.75 --> + 6 «« paper »» 14:54

<+Andy> Covered 2/3 ES Short @ 1290.25 --> + 1 «« paper »» 14:55

<+silo> Shorts ER2 @ 727.10

intuition 14:56

<+codehead> nice szu 14:59

<+Andy> pretty huge volume...it will be interesting to see if the interpretation of volume selling into this level is correct

<+szubaark> thnx code 15:00

<+Andy> very nice szu

<+szubaark> i had problems with the Opening Chop..overtraded a little

<+silo> Shorts ER2 @ 726.80 -> Add 15:02

<+Andy> Covered 1/3 ES Short @ 1290 --> + 1.25 «« paper »» 15:03

<+rickf> ok guys i'm done for the day ... got stuff to finish up around the house 15:06

good trading see you tomorrow

<+szubaark> bye

<+Andy> Covered 1/3 ES Short @ 1289.75 --> + 1.5 «« paper »» 15:12

Covered Remainder ES Short @ 1290.75 --> + 0.5 «« paper »» 15:13

<+szubaark> Buys ES @ 1290.75 «« paper »»

<+silo> 724.70 is my target 15:15

<+Andy> Shorts ES @ 1290 «« paper »» 15:20

<+szubaark> Dark Hammer Line ES 5min 15:21

<+tzar> szu whats that

<+szubaark> its a famous Candlestick "Line" 15:22

<@NihabaAshi> Shorts ER2 @ 725.80 -> small size

<+tzar> what does it represent? bull or bear

<@NihabaAshi> 1 only

<+szubaark> you have to look at it in a whole Price Action "Context".. all by itself its Worthless 15:23

<starglazer> its called an inverted hammer

<+szubaark> if we going to upside, any hammer gets my attention 15:24

* +timmyb slaps starglazer around a bit with a large trout 15:27

<@NihabaAshi> ER2 stuck in that lower hammer shadow zone from 3:15pm - 3:20pm est on the 5min chart 15:29

<+silo> dax too

<@NihabaAshi> Although a weak support...it is a support area

<+silo> 2min

dax is even more niticeable

<@NihabaAshi> tightning trailing stop 15:30

<+silo> getting close to first target

will close half there

<@NihabaAshi> We're now below that support level

Lets see if it can stay that way and attract some more sellers 15:31

More importantly, encourage profit taking by the Longs

<+tzar> nooo

<+Andy> Covered 2/3 ES Short @ 1288.25 --> + 1.75 «« paper »»

<+tzar> not yet NihabaAshi!

i want 92.5 on ES

<+silo> Covered 1/2 ER2 Short @ 725.30 --> + 1.5 15:33

<+szubaark> lets see if we are done with this mandatory pullback and continue highe

<@NihabaAshi> Low of that hammer prior mention is 725.30 15:35

It's still acting like a magnet

volatility contracting...expecting a volatility spike here soon 15:36

<+silo> niha, you have one contract short still right?

oh nevermind you still haven't exited

<@NihabaAshi> Yes

<+silo> :)

i left one in there

:D

<@NihabaAshi> tightning trail again

Covered ER2 Short @ 725.60 --> + 0.2 15:37

<+silo> that crazy buyings .... i'm hoping for a huge dump hehe 15:38

especially since we're at the top 15:39

i would be surprised if people keep buying here at the high

and leave the positioin open overnight

<+Andy> Covered 1/4 ES Short @ 1287 --> + 3 «« paper »» 15:40

<+silo> dax not going up at all 15:43

<+Andy> holding remainder of short until tomorrow, unless taken out at 129100...gn all 15:50

<+silo> Covered Remainder ER2 Short @ 726.8 --> + 0.3 15:55

<+peterpanboy> Ok seeya tomorrow 15:57

<+szubaark> Exited all Long ES at 1287.50 --> - 3.25 «« paper »» 16:05

entered too soon

<@NihabaAshi> Take care all and see all tomorrow. 16:07

<+szubaark> coudnt make Profit today, down for day :((( 16:08

too much Chop again 16:10

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Session Close: Wed Aug 06 17:21:52 2008
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