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| August Trade Log | Trade Strategies | WRB Analysis Tutorials | Music While Trading | Testimonials | Disclaimer |
#FuturesTrades
August 24th Friday 2007 Trade Log
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Profitable Trade 1003am - 1003am est Losing Trade 0939am - 0956am est |
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click on image to view actual size |
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Current Performance Record |
Key Trades of the Day (see chat log below) |
Profit/Loss Statement |
Trading via WRB Analysis: The price action between 0956am - 1006am est setup a WRB s/r zone that would be a pain in the butt for most of the trading day until around 1350pm est in the Russell 2000 Emini ER2.
General Strategy Info: The above 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.
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, pattern signal, seasonal tendencies or intuition.
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.
Trading Edge: "We're currently having problems with our IRC text color conversion script and its preventing us from converting the below text into a colorful user friendly log for reading. Until we get this fixed, all logs are in text only with the color codes (ex. 0,4) still shown below."
Session Start: Fri Aug 24 08:10:47 2007
Session Ident: #FuturesTrades
[08:10] * Now talking in #FuturesTrades
[08:10] <X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
[08:34] <X> 1,4 #FuturesTrades Info -> 8,2 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)
[09:08] * sep34_away is now known as sep34
[09:11] <werner> gm all
[09:24] * subq market profile charts for today
[09:24] * subq http://www.charthub.com/images/2007/08/24/er2_rth_mp.png
[09:24] * subq http://www.charthub.com/images/2007/08/24/es_rth_mp.png
[09:24] * subq http://www.charthub.com/images/2007/08/24/nq_rth_mp.png
[09:24] * subq http://www.charthub.com/images/2007/08/24/ym_rth_mp.png
[09:28] <PapaJon> gm all
[09:28] <base> GM
[09:37] <NihabaAshi> 0,3 Long ER2 @ 790.00 -> small size
[09:37] <NihabaAshi> 3 only
[09:39] <NihabaAshi> 0,2 Exited all ER2 Long @ 789.00 --> - 1
[09:39] <NihabaAshi> 0,4 Shorts ER2 @ 788.50 -> medium size
[09:41] <Pepe> nihaba, where is your stop loss?
[09:42] <NihabaAshi> -4 point stop
[09:42] <Pepe> wow
[09:42] <NihabaAshi> Don't worry...I never have to use it :)
[09:43] <Pepe> :)
[09:43] <NihabaAshi> That's my hard stop.
[09:43] <Pepe> ok
[09:43] <NihabaAshi> My mental stop can be anywhere betwee a few ticks to -2 points.
[09:44] <szubaark> 0,4 Shorts ES @ 1464.75 4,0 «« paper »»
[09:44] <werner> do you set always a hard stop niha?
[09:44] <NihabaAshi> Yep
[09:45] <werner> k ty
[09:46] <NihabaAshi> The real risk of my trades is when I adjust the stop into a "trailing stop".
[09:46] <szubaark> 0,2 Covered all Short ES at 1466.75 --> - 2 4,0 «« paper »»
[09:47] <szubaark> 0,3 Buys ES @ 1466.75 4,0 «« paper »»
[09:49] <ItalianSharp> mkts kinda stuck within yesterday's closing range...guess i am going to sit on the sidelines until we break thru that range
[09:49] <ItalianSharp> hopefully the 10am report will get us out of it
[09:50] <NihabaAshi> ER2 unusually thin for some reason.
[09:51] <base> I think it is due to the report, as ItalianSharp said.
[09:51] <NihabaAshi> I was looking for a big trade such as 4 - 5 points.
[09:51] <NihabaAshi> I'm going to need to change that outlook because the 10am est report is nearing.
[09:54] <base> I did -1.0 and +1.0, so I am actually flat minus commissions.
[09:54] <szubaark> 0,2 Exited all Long ES at 1466.75 --> 0 4,0 «« paper »»
[09:55] <base> And I have missed one good trade because I forgot to transmit orders. :(
[09:56] <Brutus> 08/24/2007 09:55 GEN: July New Home Sales released on 8/24 at 10:00 AM; consensus 820k
[09:56] <NihabaAshi> 0,2 Covered all ER2 Short @ 790.90 --> - 2.4
[09:58] <NihabaAshi> 0,4 Shorts ER2 @ 790.40 -> large size
[10:00] <NihabaAshi> 0,2 Covered all ER2 Short @ 791.80 --> - 1.4
[10:00] <szubaark> 0,4 Shorts ES @ 1470.25 4,0 «« paper »»
[10:00] <NihabaAshi> 0,3 Long ER2 @ 793.30 -> large size
[10:01] <base> ER2 Pivot point reached.
[10:03] <NihabaAshi> 0,2 Exited all ER2 Long @ 794.70 --> + 1.4
[10:04] <NihabaAshi> 0,4 Shorts ER2 @ 793.80 -> large size
[10:04] <NihabaAshi> jumpy and moving fast
[10:06] <NihabaAshi> It's high volatility but the worst type due to the jumpy prices :(
[10:06] <NihabaAshi> 0,2 Covered all ER2 Short @ 793.40 --> + 0.4
[10:08] <ripsboy> gm all...
[10:09] <Brutus> 08/24/2007 10:09 *DJ OIL FUTURES: Nymex Crude Up Over $1, Lifted By Gasoline
[10:10] <szubaark> correction...
[10:10] <szubaark> 0,3 Buys ES @ 1470.25 4,0 «« paper »»
[10:10] <Brutus> 08/24/2007 10:00 *DJ US Jul New Home Sales +2.8% To 870,000 ; Consensus 822,000
[10:11] <NihabaAshi> 0,4 Shorts ER2 @ 793.70 -> large size
[10:11] <szubaark> 0,2 Exited all Long ES at 1470.25 --> 0 4,0 «« paper »»
[10:11] <szubaark> 0,4 Shorts ES @ 1470.25 4,0 «« paper »»
[10:11] <NihabaAshi> What's up with ER2 volume ???
[10:12] <NihabaAshi> Am I missing something...I have about 4x less than usual.
[10:13] <Brutus> 10:09 4 min gap with low vol
[10:13] <base> Yes, it is damn low.
[10:13] <NihabaAshi> After I close this trade...I'm going to change servers to do a comparison but something doesn't look right.
[10:15] <NihabaAshi> 0,2 Covered all ER2 Short @ 792.80 --> + 0.9
[10:15] <base> The volume is less than under average with a peak on the release.
[10:15] * NihabaAshi is now known as NihabaAshi_awy
[10:16] <ItalianSharp> yes, base is right...i also have really low volume
[10:16] <ItalianSharp> even ES was showing incredibily low volume
[10:17] * NihabaAshi_awy is now known as NihabaAshi
[10:17] <NihabaAshi> Yeah...I just checked 6 different servers...very similar with extremely low volume.
[10:17] <base> Maybe it is one of that lazy Fridays.
[10:18] <NihabaAshi> Only thing that makes since is that the overall Volatility has been declining since peaking on August 16th Thursday.
[10:19] <ItalianSharp> yeah...might be...however, i am surprised because today was supposed to be most juicy day of the week in terms of news
[10:19] <NihabaAshi> That makes these jumpy price action very dangerous to trade.
[10:19] <NihabaAshi> Too many market orders getting filled at any price :)
[10:19] <ItalianSharp> yep...skyzo markets
[10:20] <base> ItalianSharp: You are right, moreover, it is really, ... really low.
[10:22] <NihabaAshi> 0,4 Shorts ER2 @ 792.30 -> large size
[10:23] <ItalianSharp> i am not fully bought on this market upspike
[10:23] <NihabaAshi> geeesh.
[10:24] <ItalianSharp> the usdjpy hasnt been rising like it always does when markets rally
[10:24] <ItalianSharp> hence, i consider these attempts to the upside very weak
[10:26] <base> It did not have the power to even cross the pivot point zone. Just pierced it a bit on the release.
[10:26] <NihabaAshi> Feels like the market is saying..."I dare you to adjust your stop".
[10:26] <NihabaAshi> :)
[10:27] <ItalianSharp> i am expecting another attempt at the highs before we come down
[10:27] <base> I think so.
[10:28] <NihabaAshi> 0,2 Covered all ER2 Short @ 792.10 --> + 0.2
[10:28] <NihabaAshi> I'm sidelined because its way too stressful for these 2 - 4 ticks winners.
[10:28] <base> The zone to cross (if up) is around 795.
[10:28] <ItalianSharp> niha, lost your patience with that short?
[10:28] <base> NihabaAshi: Nice one! :)
[10:29] <NihabaAshi> Yep...big time...I got no patience for this type of price action.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: 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)
[10:29] <szubaark> 0,2 Covered all Short ES at 1469 --> + 1.25 4,0 «« paper »»
[10:29] <szubaark> 0,3 Buys ES @ 1469.25 4,0 «« paper »»
[10:29] <NihabaAshi> Would rather take a losing trading day and call it quits now.
[10:29] <NihabaAshi> Will be back later after a long break from the market.
[10:29] * NihabaAshi is now known as NihabaAshi_away
[10:29] <base> Better to have a nervous finger on the trigger today. :)
[10:30] <ItalianSharp> i agree...the longer you stay in a trade, the riskier it gets...you can't get greedy and you have to use wide stops to not be shaken out
[10:30] <ItalianSharp> basically, a losing proposition
[10:30] <les> 0,3 Long ER2 @ 792.3 4,0 «« paper »»
[10:30] <base> exactly
[10:31] <base> Volatility and volume are dropping, the point of decision is comming, I hope.
[10:31] <ItalianSharp> gonna take a break too...i am starting to yawn here
[10:31] <base> :)
[10:32] <ItalianSharp> it's like watching the official review of a dubious touchdown...
[10:32] <ItalianSharp> did he both feet in???
[10:32] <ItalianSharp> did he have both feet in???
[10:33] <szubaark> 0,2 Exited all Long ES at 1467.75 --> - 1.5 4,0 «« paper »»
[10:33] <szubaark> 0,4 Shorts ES @ 1467.75 4,0 «« paper »»
[10:33] <base> :)
[10:34] <szubaark> just need some frikin followthru
[10:34] <base> ER2 is reaching a little support zone.
[10:35] <base> If it is the same on ES, be carefull szubaark.
[10:36] <les> 0,3 Long ER2 @ 791.6 -> Add 4,0 «« paper »»
[10:37] <X> 1,4 #FuturesTrades Info -> 8,2 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)
[10:40] <szubaark> 0,2 Covered all Short ES at 1468 --> - 0.25 4,0 «« paper »»
[10:40] <les> 0,3 Long ER2 @ 791 -> Add 4,0 «« paper »»
[10:40] <szubaark> 0,3 Buys ES @ 1468 4,0 «« paper »»
[10:46] <base> Maybe we can finally go down?
[10:48] * NihabaAshi_away is now known as NihabaAshi
[10:48] <base> Hm, still not. The zone is too magnetic in such a low volume, but if it get broken, I think there is free way down at least to 783.
[10:49] <NihabaAshi> 0,4 Shorts ER2 @ 790.10 -> large size
[10:49] <NihabaAshi> Be careful...
[10:49] <NihabaAshi> We are within the lower shadow of a Dark Hammer line.
[10:49] <szubaark> 0,2 Exited all Long ES at 1465.75 --> - 2.25 4,0 «« paper »»
[10:50] <NihabaAshi> 2min chart
[10:50] <szubaark> 0,4 Shorts ES @ 1465.75 4,0 «« paper »»
[10:50] <base> Ah, and yesterday's low at 787.60 may act as a support as well.
[10:51] <base> NihabaAshi: I am careful that much I am staying aside. :)
[10:51] <NihabaAshi> 0,2 Covered all ER2 Short @ 789.60 --> + 0.5
[10:51] <base> Wow, not anymore, short ER2 at 789.00 (paper). Time to make some loss. :)
[10:55] <base> My stop loss has been taken in 57 seconds, -1.0 Bad strategy for such a market.
[10:56] <base> And back to zone.
[10:57] <base> In fact, I very afraid to open a position when the volume is under 1k / 1 minute.
[11:02] <ripsboy> long YM @ 13286
[11:06] <les> 0,2 Exited 1/3 ER2 Long @ 792.4 --> + 1.4 4,0 «« paper »»
[11:08] <NihabaAshi> 0,4 Shorts ER2 @ 792.30 -> small size
[11:08] <NihabaAshi> 2 only
[11:09] <Pepe> nihaba, where you see profit target?
[11:09] <base> les: Nice one
[11:09] <NihabaAshi> about 5 ticks
[11:10] <les> thx base
[11:11] <les> not done yet - holding 2
[11:12] <ripsboy> Exit YM @ 13304 +18
[11:12] <NihabaAshi> 0,2 Covered all ER2 Short @ 791.60 --> + 0.7
[11:30] <NihabaAshi> 0,3 Long ER2 @ 791.50 -> small size
[11:30] <NihabaAshi> 1 only
[11:30] <les> i rang to tell em its time to test the HOD
[11:32] <szubaark> There are Stops at Low of day
[11:32] <les> yours n mine szu?
[11:33] <szubaark> My scenario would be they get them at bottom then run Stops at High :))
[11:33] <les> there's no serious movement yet
[11:34] <les> its just screwing around in this range
[11:34] <les> may only happen in the pm
[11:34] <NihabaAshi> jumpy again :(
[11:34] <NihabaAshi> Time for me to go back to the sidelines.
[11:35] <les> i'm hoping for a HOD test before lunch...
[11:35] <les> so i can finish trading for the day
[11:35] <NihabaAshi> 0,2 Exited ER2 Long @ 791.70 --> + 0.2
[11:35] <NihabaAshi> I'm sidelined again...unwilling to stress when prices get jumpy.
[11:37] <Pepe> I too
[11:38] <intowin> 0,3 Long ES @ es
[11:39] <intowin> 1 pt stop
[11:39] <szubaark> intowin, your entry Price not showing
[11:40] <intowin> 0,3 Long ES @ 1467.25
[11:40] <intowin> hmm
[11:40] <intowin> looking for 66 for a stop or 70 for a win. Only time for one quick trade today
[11:41] <intowin> 0,6 exit stop set ES @ 1465.75
[11:49] <Pepe> intowin, do you trade Market profile or price action or anything else?
[11:49] <intowin> just about only price action on candlestick
[11:50] <les> 0,2 Exited 1/3 ER2 Long @ 793.4 --> + 1.1 4,0 «« paper »»
[11:50] <intowin> sad too say a lot is gut feel
[11:50] <NihabaAshi> 0,3 Long ER2 @ 793.30 -> small size
[11:50] <NihabaAshi> 2 only
[11:50] <intowin> 0,2 Exited 1/2 ES Long @ 1470 --> + 2.75
[11:50] <Pepe> Intowin very nice trade
[11:50] <intowin> I guess its a win stop at break even
[11:50] <NihabaAshi> volatility started rising...not sure if it will stay.
[11:50] <intowin> thanks
[11:51] <les> 0,2 Exited Remainder ER2 Long @ 793.6 --> + 1.3 4,0 «« paper »»
[11:51] <Pepe> Intowin, price action via NihabaAshi system?
[11:52] <intowin> I am really wanting to learn Nihad system. From what I have seen so far I like it. BUt had no time to study it yet
[11:52] <Pepe> ok
[11:53] <intowin> I wouldnt put a lot of emphasis on my trades as I am a blind squirrel finding acorns on occasion
[11:53] <szubaark> 0,2 Covered all Short ES at 1469.50 --> - 3.75 4,0 «« paper »»
[11:54] <szubaark> not a good day for me.. coudnt deal with this jumpy price action and overtraded :((
[11:55] <NihabaAshi> 0,2 Exited all ER2 Long @ 793.60 --> + 0.3
[11:55] <intowin> szu it has been helping me to stalk the right trade. one in which you can have a 1 pt stop or less. that way if it stops you out no big deal. Wait for the setup..
[11:55] <NihabaAshi> That volatility didn't last long.WRB Analysis [12:00] <les> i'm done for today
[12:00] <les> cya all monday
[12:00] <Pepe> you are lucky
[12:01] <les> me?
[12:01] <intowin> I am right behind ya.. doing some wakeboarding in a bit
[12:01] <Pepe> I have bad day
[12:01] <Pepe> today
[12:01] <les> its 5pm here so knock0ff time
[12:02] <szubaark> u got company, i had bad day too.. 10 trades Only 1 winner :(
[12:02] <les> i trade, 3 contracts, all won... +4.3
[12:02] <Pepe> :(
[12:02] <les> now i just gotta do that live
[12:03] <NihabaAshi> 0,4 Shorts ER2 @ 792.80 -> small size
[12:03] <NihabaAshi> 2 only
[12:03] <szubaark> les, i dont see why not, UNLESS you got hard earned money on the line, that will bite u in the butt everytime
[12:03] <les> its other way round for me
[12:04] <les> i got a good income, so back of my mind the losses dont matter so much
[12:04] <les> keeps me from changing this properly
[12:04] <les> i notice that i trade much better when times are tighter financially
[12:05] <les> maybe i get fired, then we'll see :)))
[12:05] <NihabaAshi> Geeesh...someone must be spying on me because when I enter a trade...
[12:05] <les> time t go
[12:05] <NihabaAshi> price action gets jumpy :(
[12:10] <NihabaAshi> Lost my patience
[12:12] <intowin> 0,2 Exited all ES Long @ 1469 --> + 1.75
[12:12] <intowin> hopefully will make it back before the bell cya in a while
[12:12] <NihabaAshi> 0,2 Covered all ER2 Short @ 792.20 --> + 0.6
[12:20] <NihabaAshi> 0,3 Long ER2 @ 794.30 -> small size
[12:20] <NihabaAshi> 2 only
[12:21] <NihabaAshi> 0,2 Exited all ER2 Long @ 794.70 --> + 0.4
[12:22] <NihabaAshi> That 795 level didn't hold at all :(
[12:27] * sep34 is now known as sep34_away
[12:32] <NihabaAshi> 0,4 Shorts ER2 @ 793.90 -> small size
[12:32] <NihabaAshi> 2 only
[12:33] <NihabaAshi> prices wasn't jumpy for a few minutes...lets see what happens now that I've gotten Short.
[12:39] <ripsboy> LOng YM @ 13339
[12:40] <X> 1,4 #FuturesTrades Info -> 8,2 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)
[12:43] <ItalianSharp> creeping uptrend it looks like
[12:43] <ItalianSharp> as szu always says, slowed controlled buying
[12:44] <NihabaAshi> Yeah...someone doesn't want this to drop below a particular price level.
[12:44] <NihabaAshi> They're buying that support area around 793.90
[12:45] <Pepe> yeah
[12:46] <ItalianSharp> tough trading today...unexpectedly tough...i honestly thought the econ reports would produce some fireworks
[12:47] <ripsboy> Exit YM @ 13338 -1
[12:47] <NihabaAshi> 0,2 Covered all ER2 Short @ 793.30 --> + 0.6
[12:48] <ItalianSharp> well done niha...nothing more you could you here
[12:48] <NihabaAshi> Took that WRB while I can get it because the way this has been jumping...
[12:48] <NihabaAshi> It can easily be back at 794.10 in no time.
[12:50] <NihabaAshi> 794.10 again
[12:51] <NihabaAshi> On that note...I'm going to lunch.
[12:51] <Pepe> nice
[12:51] * NihabaAshi is now known as NihabaAshi_away
[13:00] <pdays> 0,4 Shorts ER2 @ 794 4,0 «« paper »»
[13:00] <pdays> 0,4 Shorts ER2 @ 794.0
[13:01] <pdays> 0,2 Covered all ER2 Short @ 793.6 --> + 0.4
[13:01] <ripsboy> Short YM 133336
[13:03] <ripsboy> Correction Short YM 13336
[13:04] <szubaark> 0,3 Buys ES @ 1474 4,0 «« paper »»
[13:06] * sep34_away is now known as sep34
[13:07] <szubaark> almost 1 hour hoovering in congestion since we made new high for day :((
[13:10] <ripsboy> Exit YM @ 13340 -4 had enough chop...
[13:11] <szubaark> they sure are pulling all the switches, last 3 weeks High Volatilioty and now they drop it down
[13:12] <szubaark> on ehas to make adjustment with the speed of a jet fighter pilot or be Toast
[13:13] <szubaark> lets see if breakout traders can push this higher
[13:14] <szubaark> 0,2 Exited all Long ES at 1475.25 --> + 1.25 4,0 «« paper »»
[13:14] * szubaark is now known as szubaark_away
[13:17] * codehead_afk is now known as codehead
[14:34] <Pepe> szubaark Have you still bad day?
[14:34] <Pepe> I am in profit
[14:35] <szubaark_away> yes.. see pm
[14:35] <Pepe> now
[14:35] <Pepe> ok
[14:37] <Pepe> i'm done for today
[14:37] <Pepe> I am tired :(
[14:37] <Pepe> Have a nice weekend all and take a care
[14:38] <szubaark_away> bye
[14:38] <Pepe> gn all
[14:43] <X> 1,4 #FuturesTrades Info -> 8,2 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)
[14:44] * NihabaAshi_away is now known as NihabaAshi
[14:49] <NihabaAshi> 0,3 Long ER2 @ 797.80 -> small size
[14:49] <NihabaAshi> 2 only :(
[14:50] <NihabaAshi> missed 797.30
[14:51] <szubaark_away> any new high WRB Candle is quickly retraced, hard to hold on to any profit :((
[14:52] <NihabaAshi> 0,2 Exited all ER2 Long @ 798.60 --> + 0.8
[14:52] <NihabaAshi> 0,4 Shorts ER2 @ 798.30 -> small size
[14:53] <NihabaAshi> 2 only
[14:53] <NihabaAshi> 0,2 Covered all ER2 Short @ 798.50 --> - 0.2
[14:54] <NihabaAshi> 0,4 Shorts ER2 @ 797.40 -> small size
[14:54] <NihabaAshi> 2 only
[14:56] <NihabaAshi> oh oh
[14:57] <NihabaAshi> 0,2 Covered all ER2 Short @ 798.10 --> - 0.7
[14:58] <NihabaAshi> :) ooops
[14:58] <NihabaAshi> That's a profit but I posted an incorrect entry.
[14:58] <NihabaAshi> Should have showed 798.40 for the entry.
[14:58] <NihabaAshi> Anyways, +0.3
[14:59] <NihabaAshi> volatility drying up fast
[14:59] <NihabaAshi> 0,3 Long ER2 @ 798.70 -> small size
[14:59] <base> I am back. Looks like the pivot point at 795 was really tough.
[15:00] <NihabaAshi> 1 only because I'm a little high up in the price action
[15:00] <NihabaAshi> Yeah...i missed the action due to taking an extra long nap.
[15:01] <base> It's way better than for me, I have missed it due to extensive work. :)
[15:02] <NihabaAshi> 0,2 Exited ER2 Long @ 797.70 --> - 1
[15:02] <NihabaAshi> 0,4 Reverse and Enter Short ER2 @ 797.70
[15:03] <NihabaAshi> 0,4 Shorts ER2 @ 798.00 -> Add
[15:04] <NihabaAshi> There's a small dark hammer line but its lower shadow doesn't seem like its long enough to attraction some price action.
[15:05] <base> What timeframe?
[15:05] <NihabaAshi> 2min
[15:07] <base> I see. Unfortunatelly, I have missed a hammer o the 15m chart today. It has started the whole uptrend, ... without a retrace below the entry point. :(
[15:08] <base> I have been distracted from prior loosing trade.
[15:08] <NihabaAshi> 0,2 Covered 1/2 ER2 Short @ 796.90 --> + 1.1
[15:11] <NihabaAshi> We're below the range of that Dark Hammer line lower shadow.
[15:11] <NihabaAshi> Price either moves further down or goes back up into that range.
[15:13] <base> There also will be a little support from nearing SMA 20.
[15:15] <base> I have entered a paper short position based on my entry strategy, but in real I almost never go against that line. I think it is going to be stopped out very shortly.
[15:15] <NihabaAshi> 0,2 Covered Remainder ER2 Short @ 797.50 --> + 0.2
[15:17] <base> I have found the 20 periods simple moving average on 5M chart to be the best for intraday charting. It really is a line which does matter.
[15:18] <base> I think of it like a pivot point and it works exactly that way.
[15:23] <NihabaAshi> 0,4 Shorts ER2 @ 797.40 -> small size
[15:23] <NihabaAshi> 1 only
[15:25] <NihabaAshi> 0,2 Covered ER2 Short @ 797.20 --> + 0.2
[15:28] <base> It has just bounced from the SMA20 with one tick accuracy.
[15:29] <base> If the price hit 798.90 I will try to go long on bullish engulfing on 15M chart, but I am sceptical if there is enough power to push the price even higher.
[15:40] <base> Closed +0.8
[15:41] <base> I am afraid about the 800 price limit, it may act as a psychological resistance.
[15:45] <base> I think I am done for today. Not a good day and price action for me, I am happy I am in a little profit. I am going to sit & watch till close.
[15:56] <NihabaAshi> ER2 volatility drying up...I'm expecting a volatility spike here soon especially since we are near the "4pm est Spike Zone".
[15:56] <NihabaAshi> 0,3 Long ER2 @ 798.90 -> small size
[15:56] <NihabaAshi> 2 only
[15:57] <base> Very nice entry.
[15:57] <NihabaAshi> 0,2 Exited all ER2 Long @ 800.20 --> + 1.3
[15:57] <NihabaAshi> :)
[15:57] <base> ehm :)
[15:58] <NihabaAshi> I had a lot of "warning signs" :)
[15:58] <NihabaAshi> That also gave me my 1k profit goal target for the day after the horrible start in my first 3 trades of the day.
[15:58] <base> Including a crystall ball and tarrot reading. :)
[15:59] <base> Yeah, I have seen it. It is amazing profit in such a day.
[16:15] <base> Good weekend to all, see you on Monday. Bye Niha, take a rest. :)
[16:16] <Brutus> http://custom.marketwatch.com/custom/tdameritrade-com/html-story.asp?guid={bdc444d9-6592-406b-ba28-8745602ffc79}
[16:17] <Brutus> ============ U.S. MARKETS ACTION ===========
[16:17] <Brutus> DJIA up 130.55 points to 13365.38
[16:17] <Brutus> NASDAQ up 30.80 points to 2572.50
[16:17] <Brutus> S&P 500 up 15.99 points to 1478.45
[16:17] <Brutus> 10-year T-note up 74/32 at 101 0/32 yield 4.620
[16:17] <Brutus> NYMEX Spot Crude up $1.26 at $71.09/bbl at close
[16:17] <Brutus> Dollar/Euro up 0.0100 at 1.3666
[16:17] <Brutus> http://custom.marketwatch.com/custom/tdameritrade-com/html-story.asp?guid={a77e5c25-b817-4ed2-add8-974c728b387b}
[16:17] <werner> gn all
[16:17] <Brutus> http://custom.marketwatch.com/custom/tdameritrade-com/html-story.asp?guid={01454a1a-8cd5-490d-8334-8d82c254d741}
[16:18] <Brutus> cul8r
[16:20] * ItalianSharp is now known as ItalianSharp_dinner
[16:46] <X> 1,4 #FuturesTrades Info -> 8,2 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)
[16:53] * sep34 is now known as sep34_away
[16:59] <NihabaAshi> Take care all and have a nice weekend
[17:06] * ItalianSharp_dinner is now known as ItalianSharp
[17:34] * Disconnected
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