#FuturesTrades September 4th Tuesday 2007 Trade Log

Trading via WRB Analysis: Fighting the obvious trend is usually a losing battle for most traders due to improper position size management and today was one of those trading days that position size management was an edge (small size on the Shorts and normal to large size on the Longs).

However, due to the fact that some of the daily indices was filling in the price action of a prior key Dark WRB (s/r zone)...I felt a bearish price movement was pending.

Thus, as soon as today's price action reached the WRB s/r zone...I changed my position size on the Shorts from 1 contract to 2 contracts so that I can exploit that WRB s/r zone if a Long position was at a loss when volatility showed up (see last two trades in chat log).

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:  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. "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: Tue Sep 04 09:29:18 2007 Session Ident: #futurestrades [09:29] * Now talking in #futurestrades [09:29] <X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm [09:29] <base> GM all [09:30] <NihabaAshi> Good morning all [09:30] * lesAway is now known as les [09:32] <werner> gm niha [09:33] <bigjim98282> morn all [09:36] <NihabaAshi> 0,3 Long ER2 @ 791.20 -> small size [09:36] <NihabaAshi> 2 only [09:37] <eminitrader> morn all [09:37] <eminitrader> its Good to be back :)) [09:37] <werner> gm em [09:37] <Brutus> :)) mornin [09:37] <Kaka> mornin [09:38] <eminitrader> hi w B K [09:38] <PapaJon> wb et [09:38] <Brutus> Had a feeling we would see you today wb [09:38] <eminitrader> good to see lots of new additions [09:38] <NihabaAshi> 0,2 Exited all ER2 Long @ 791.90 --> + 0.7 [09:39] <eminitrader> thx B...was out of the country with the family [09:39] <Bambam-77> playing buy the dipps game this am with a ss trigger and my stp at 1473 [09:39] <Brutus> Monaco? [09:39] <NihabaAshi> That's incorrect because my entry price is incorrect... [09:39] <eminitrader> i wish... [09:39] <Brutus> :) [09:39] <eminitrader> singapore/hongkong, and thailand [09:40] <NihabaAshi> The trade result is a -0.3 because my entry was 782.20 [09:40] <Brutus> nice [09:40] <eminitrader> was good though [09:40] <NihabaAshi> Meant 792.20 [09:43] <NihabaAshi> 0,3 Long ER2 @ 792.70 -> small size [09:43] <NihabaAshi> 3 only [09:43] <Bambam-77> news at top of hour constr. spending and mfg index [09:43] <eminitrader> 0,4 Shorts ES @ 1477.75 [09:44] <NihabaAshi> ER2 is trading very thin :( [09:44] <NihabaAshi> Along with the volatility being very low. [09:46] <eminitrader> 0,2 Covered all ES Short @ 1478.75 --> - 1 [09:48] <NihabaAshi> 0,2 Exited 2/3 ER2 Long @ 794.00 --> + 1.3 [09:48] <Bambam-77> 795.8 pos trgt [09:48] <Brutus> 0,4 Shorts ES @ 1479.75 4,0 «« paper »» [09:49] <bigjim98282> S YM @ 1376 [09:50] <Brutus> 0,2 Covered ES Short @ 1478.75 --> + 1 4,0 «« paper »» [09:50] <NihabaAshi> 0,2 Exited Remainder ER2 Long @ 793.50 --> + 0.8  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)  [09:50] <eminitrader> nice quickie :)) [09:50] <bigjim98282> Cvr YM + 11 [09:51] <Bambam-77> 1480.75 pos es trgt 1476.5 stp and ss trgr [09:51] <Brutus> see downside potential [09:51] <Brutus> thxe [09:51] <Brutus> NQ screaming above yest HOD [09:52] <werner> 0,6 buy limit to enter long YM @ 356 [09:54] <eminitrader> 0,4 Shorts ES @ 1479.25 [09:55] <les> 0,3 Long ER2 @ 793.9 4,0 «« paper »» [09:56] <Brutus> 1000/1400 Aug ISM Mfg Index [09:56] <Brutus> Manufacturing Business Index 53.0 53.8 [09:56] <Brutus> 1000/1400 Jul Construction Spending [09:56] <Brutus> New Construction -0.3% [09:56] <werner> 0,6 cancelled all open limit orders [09:57] <Bambam-77> protect longs [09:57] <eminitrader> 0,2 Covered all ES Short @ 1480.25 --> - 1 [09:57] <les> 0,2 Exited all ER2 Long @ 794.9 --> + 1 4,0 «« paper »» [09:57] <Bambam-77> 1483..25 next pos trgt [09:57] <Bambam-77> stp now 1479.50 [10:01] <Bambam-77> 83.75 would give us a tripple top [10:02] <Brutus> 0,4 Shorts ES @ 1483 4,0 «« paper »» [10:02] <Bambam-77> ss 83.75 scalp [10:03] <les> 0,3 Long ER2 @ 796.1 4,0 «« paper »» [10:04] <Brutus> 0,2 Covered ES Short @ 1483 --> 0 4,0 «« paper »» [10:04] <Bambam-77> fyi i use two accounts 1 for scalping contra and one for swings [10:05] <Bambam-77> swing long still in effect stp 1481.75 [10:06] <NihabaAshi> 0,3 Long ER2 @ 796.90 -> small size [10:06] <NihabaAshi> 2 only [10:06] <eminitrader> 0,4 Shorts ES @ 1484.75 [10:06] <Brutus> 0,4 Shorts ES @ 1484.5 4,0 «« paper »» [10:07] <les> 0,2 Exited all ER2 Long @ 797.6 --> + 1.5 4,0 «« paper »» [10:07] <Bambam-77> stp 82.50 [10:08] <les> wrong exit post, sorry [10:08] <les> 0,2 Exited all ER2 Long @ 796.6 --> + 0.5 4,0 «« paper »» [10:08] <NihabaAshi> 0,2 Exited all ER2 Long @ 797.00 --> + 0.1 [10:08] <NihabaAshi> :( [10:09] <jperl> ER2 VWAP equals PVP, 793.70.... [10:09] <jperl> volume distribution is symmetric [10:09] <NihabaAshi> It didn't have enough volatility to push above the resistance area. [10:09] <Brutus> 0,2 Covered ES Short @ 1483 --> + 1.5 4,0 «« paper »» [10:10] <Bambam-77> flat long still ss stp 1485.25 [10:10] <eminitrader> 0,2 Covered 2/3 ES Short @ 1482.25 --> + 2.5 [10:14] <bigjim98282> chop [10:18] <Bambam-77> first lot away at 1482.25 [10:18] <Bambam-77> stp 1484.50 [10:20] <Bambam-77> 1483.25 pos ss add area [10:20] <Bambam-77> stp 1484.50 [10:21] <les> 0,3 Long ER2 @ 797 4,0 «« paper »» [10:23] <NihabaAshi> 0,4 Shorts ER2 @ 797.20 -> small size [10:23] <NihabaAshi> 3 only [10:24] <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) [10:24] <NihabaAshi> volatility dropping fast [10:25] <eminitrader> 0,6 exit stop lowered ES @ 1483.75 [10:26] <eminitrader> 0,6 buy limit to enter long ES @ 1480.25 [10:26] <eminitrader> be back [10:26] <Bambam-77> stp is b/e now on 2 lots of 3 stp 83.75 next pos par area is 1480 area [10:28] <NihabaAshi> Calling it quits and will return later in the trading day. [10:28] <NihabaAshi> I just don't have the stomach for trading today. [10:28] <bigjim98282> k NA [10:28] <NihabaAshi> Be back later. [10:29] <Bambam-77> flat ss [10:29] * NihabaAshi is now known as NihabaAshi_away [10:30] <Bambam-77> re test of hi in order [10:31] <eminitrader> 0,2 Exited Remainder ES Long @ 1483.75 --> + 3.5 [10:31] <eminitrader> no thats wrong [10:31] <eminitrader> 0,2 Exited Remainder ES Long @ 1483.75 --> + 3.5 [10:31] <eminitrader> oops... [10:32] <eminitrader> exit remainder short @ 1483.75 [10:34] <les> 0,3 Long ER2 @ 798.1 -> Add 4,0 «« paper »» [10:34] <bigjim98282> L ER2 798 [10:35] <les> damn doorbell - shoulda bin 797.5 [10:38] <Bambam-77> daily goal met swithing to smaller size [10:39] <eminitrader> thats nice and gives a very good feeling :) [10:43] <eminitrader> 0,3 Long ES @ 1485 [10:43] <bigjim98282> Bambam, as Niha says, 'in profit protection mode' [10:43] <eminitrader> partial fill only :( [10:43] <Bambam-77> yes [10:44] <eminitrader> will add remainder 83.50-84 [10:45] <jperl> done for the morning....trades here.... [10:45] <eminitrader> uptrend in ES ...but concerned abt SP ...heavy res area 1484 [10:45] <jperl> http://charts.dacharts.com/2007-09-04/JPERL_015.jpg [10:46] <Bambam-77> i expect we ss around noon so far we have a trend day in effect [10:46] <eminitrader> if SP breks 1484 cld very well see ES 1495-1500 [10:47] <eminitrader> ym in res area too [10:47] <bigjim98282> out ER2 +.9 [10:48] <eminitrader> 0,2 Exited 1/2 ES Long @ 1487 --> + 2 [10:49] <Pepe> very nice [10:52] <eminitrader> thx p [10:53] <eminitrader> looks like a slow creeping uptrend .. [10:54] <werner> yep [10:54] <les> yep hate em, but good test for the old nerves [10:54] <eminitrader> but still see heavy res on SP 1484 [10:54] <les> meaning - the nerves are a lot older near the end of the upcreep [10:55] <eminitrader> :) [10:55] <les> same on er2, em, but a bit higher up [10:55] <les> is where my exits are sitting [10:55] <eminitrader> ym @ res area too les...just wondering if it is holding the ES [10:58] <eminitrader> 0,2 Exited Remainder ES Long @ 1486 --> + 1 [10:59] <eminitrader> will look for re-entry at a better price... [11:00] <les> 0,2 Exited 1/2 ER2 Long @ 798 --> - 0.1 4,0 «« paper »» [11:03] <les> 0,2 Exited Remainder ER2 Long @ 797.6 --> + 0.6 4,0 «« paper »» [11:04] <bigjim98282> going to YM for the day [11:11] <bigjim98282> less risk, I had too much fun this wknd, not quite into it yet. [11:16] <bigjim98282> L YM 13418 [11:20] <les> 0,3 Long ER2 @ 799.3 4,0 «« paper »» [11:23] <Bambam-77> no ss yet we usually get a thrust up before we start to consider looking for swing ss [11:24] <Bambam-77> just buying dipps for now [11:27] <bigjim98282> out YM +10 [11:28] <les> 0,2 Exited all ER2 Long @ 799.4 --> + 0.1 4,0 «« paper »» [11:29] <Bambam-77> b 799.30 stp 98.6 [11:40] <les> i'm done for today [11:40] <les> cya tomorrow [11:41] <werner> yo [11:43] <bigjim98282> S YM 13417 [11:49] <bigjim98282> scalp out YM +4, waiting to olong in the chop [11:51] <werner> bbl
WRB Analysis	Learn More
	[12:01] <bigjim98282> scalped potatoes and chop suey... [12:11] <Brutus> http://custom.marketwatch.com/custom/tdameritrade-com/html-story.asp?guid={b1669a01-2162-4056-bcb3-010580c352ae} [12:14] <eminitrader> thx B...looks like i missed something [12:15] <Brutus> yep you sure did [12:15] <eminitrader> :) [12:18] <bigjim98282> out YM +10 [12:30] <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) [12:30] <bigjim98282> L YM 13405 [13:03] <eminitrader> 0,3 Long ES @ 1586 [13:05] <eminitrader> 0,3 Long ES @ 1486 [13:05] <eminitrader> thats better :) [13:06] <eminitrader> lookin like i.m a bit early on this [13:07] <Tim_a> doji on downdraft vs double top [13:07] <eminitrader> 0,2 Exited all ES Long @ 1486 --> 0 [13:09] <eminitrader> guess it depends on the trend ..es still showing a uptrend [13:10] <eminitrader> original entry was @ 85.50 with a 4 tick stop... [13:10] <eminitrader> kinda chased that last trade [13:11] <eminitrader> reason i didn't hold my priginal stop.. [13:12] <eminitrader> :(( [13:13] <Bambam-77> protect longs [13:13] <eminitrader> boy O boy [13:13] <Tim_a> well, so much for that double top [13:14] <eminitrader> like i said depends on how the flow is when the dt was formed [13:14] <Brutus> I think it will retrace now for that nice entry e, and more upside this afternoon [13:14] <eminitrader> that was a pullback on retest of highs... [13:15] <eminitrader> hopso b.. [13:15] <eminitrader> but if it breks84 to the downside the trend wld then change [13:16] <eminitrader> i'll be looking for a long scalp 87.50 - 88.50 [13:17] <Brutus> yes 84 -85 for a long entry [13:17] <eminitrader> no new highs on the nq so far...and it is the strongrst index today... [13:18] <eminitrader> me thinks brek of 84 indicates change in trend and wld bring in sellers [13:20] <werner> maybe 420 ym a good l entry [13:20] <eminitrader> 0,3 Long ES @ 1489.50 [13:21] <eminitrader> 3 tick stop...high probability scalp [13:22] <werner> 0,6 buy limit to enter long YM @ 421 [13:23] <eminitrader> shld see a two piont swing abt now [13:23] * NihabaAshi_away is now known as NihabaAshi [13:23] <eminitrader> :( [13:24] <werner> :( [13:24] <NihabaAshi> 0,4 Shorts ER2 @ 800.30 -> small size [13:24] <NihabaAshi> 2 only [13:24] <eminitrader> 0,6 exit stop moved to breakeven ES @ 1489.50 [13:26] <eminitrader> 0,2 Exited all ES Long @ 1489.50 --> 0 [13:28] <bigjim98282> mini dow is the only emini still holding its market strength, rest are negative [13:29] <eminitrader> es is up 12.50 nq is up 27 pts.. [13:29] <werner> indd [13:35] <eminitrader> 0,3 Long ES @ 1488 [13:36] <NihabaAshi> 0,2 Covered 2/3 ER2 Short @ 798.60 --> + 1.7 [13:36] <eminitrader> thats a beter entry [13:36] <Pepe> very nice [13:37] <Bambam-77> stp 1487 [13:37] <bigjim98282> now ym is falling also, slowly. [13:38] <NihabaAshi> That's a 1/2 and not 2/3 [13:38] <NihabaAshi> still holding 1 contract [13:43] <werner> 0,6 entry limit lowered YM @ 415 [13:46] <NihabaAshi> 0,2 Covered Remainder ER2 Short @ 799.70 --> + 0.6 [13:47] <werner> 0,6 cancelled all open limit orders [13:47] <werner> :( [13:47] <eminitrader> 0,2 Exited 1/2 ES Long @ 1490 --> + 2 [13:47] <werner> nice [13:48] <eminitrader> thx w [13:49] <NihabaAshi> 0,3 Long ER2 @ 800.40 -> small size [13:49] <NihabaAshi> 1 only [13:49] <szubaark> nice emini [13:50] <eminitrader> thx szu [13:53] <NihabaAshi> 0,2 Exited ER2 Long @ 800.60 --> + 0.2 [13:54] <NihabaAshi> Trade entry error and lucky to walk away with a profit on that. [13:54] <eminitrader> 0,2 Exited Remainder ES Long @ 1489.50 --> + 1.5 [13:56] <codehead> oil rocketing [13:57] <codehead> Qm hit 75.15 [13:58] <eminitrader> 0,4 Shorts ES @ 1490.25 [13:58] <eminitrader> 2 tick sop [13:59] <eminitrader> 0,2 Covered 1/3 ES Short @ 1489.25 --> + 1 [14:01] <Tim_a> short es at 198 [14:02] <Pepe> Hi eminitrader [14:02] <eminitrader> hi pp [14:02] <eminitrader> 0,2 Covered 1/3 ES Short @ 1488 --> + 2.25 [14:03] <eminitrader> 87.75 is supp area [14:03] <Tim_a> sorry, 490 dyslexic [14:03] <eminitrader> can expect a bounce towards the high...this shld give us a clue as to the ES flow [14:04] <Pepe> Emini you are very good. Can I ask what method do you trade? Market profile or Price action ar anything else? Thank you very much. [14:05] <Tim_a> es short was enterd 489, sorry about the typos [14:05] <eminitrader> thx pp...if any trading Q ...niha wld be the best trader to ask...will try to help anyways.. [14:06] <eminitrader> no worries tim as long as ur making the moolahhhhhhhh:) [14:06] <codehead> YM got stuck at a top, has a couple of potential countertrend (sell) signals trying [14:08] <Pepe> yes I admire him he is really exceptional and I bought his STR and plan to get all his manuals soon. I just wanted to see if you are using similar method as him or not? [14:10] <eminitrader> no pp...i do not ...also candle sticks r too complicated for me...i use simple bars [14:10] <eminitrader> pepe...did u get my pm [14:11] <eminitrader> 0,4 Shorts ES @ 1489.50 -> Add [14:12] <Tim_a> es exited at 489 b/e, non-performing trade [14:13] <werner> i think em is mostly trayding bo's(sup en res) i that correct em? [14:13] <eminitrader> i'll give it a bit more time T ...see if it works out [14:14] <eminitrader> kinda w [14:14] <werner> :) [14:16] <werner> kinda? [14:17] <eminitrader> later w...after this trade [14:17] <werner> k sorry [14:17] <eminitrader> 0,4 Shorts ES @ 1490.25 -> Add [14:17] <eminitrader> back to original size [14:17] <eminitrader> avg now 1490 ...so top is 3 ticks now [14:18] <Brutus> EMT best to update or have a profile on the Strat lab, like I did then you can point new traders to it [14:19] <eminitrader> actaully u r right B...nothing is changed in my profile...still trading the same [14:20] <eminitrader> w pepe..u can see all my details there [14:20] <eminitrader> 0,2 Covered all ES Short @ 1490.75 --> - 1 [14:22] <Bambam-77> 1487.50 is my stp and ss trigger intill then i am buying dipps [14:22] <eminitrader> this is the ticlish part ...charts showing continuation oof uptrend...but insticts r saying go short [14:23] <werner> k tx em [14:24] <eminitrader> so the key supp 1487.75 as i mentioned before held...and the bounce brought in new highs ..so the trend is continuing as of now [14:24] <Bambam-77> retraces averaging 2 points [14:24] <eminitrader> supp stays @ 87.75 for now [14:28] <eminitrader> indices on longer time frame show they r way over bought specially the NQ...if there is a downmovewe can expect a large one if not today then tommorow [14:29] <eminitrader> or the day after ...and so on :)) [14:30] <eminitrader> anyways these r just my thoghts as i try to read the mrkt guys...pls do ur own homework.. [14:30] <eminitrader> 0,4 Shorts ES @ 1491.25 [14:32] <eminitrader> 0,2 Covered all ES Short @ 1492.25 --> - 1 [14:33] <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) [14:33] <eminitrader> 0,4 Shorts ES @ 1492.25 [14:33] <Bambam-77> protect longs [14:33] <eminitrader> note all my shorts r 1 lot ..trying something new here [14:34] <eminitrader> after 1491 was taken out [14:34] <Bambam-77> 1498.25 pos trgt [14:36] <eminitrader> [10:46:28] <eminitrader> if SP breks 1484 cld very well see ES 1495-1500 [14:36] <eminitrader> SP now @ 1489 [14:37] <eminitrader> so thats a brek of resistence with conviction...next area is 1506 [14:39] <eminitrader> pls dont confuse the es with sp...its kinda hard to correlate...but works well [14:40] <eminitrader> if SP closes above 1484 it now becomes support on the SP folled by 1462 [14:44] <eminitrader> stop in place ...be back..time to pump up my adreline [14:54] <NihabaAshi> 0,4 Shorts ER2 @ 804.60 -> small size [14:55] <NihabaAshi> 0,2 Covered all ER2 Short @ 804.90 --> - 0.3 [14:56] <NihabaAshi> 1 only [14:56] <NihabaAshi> 0,4 Shorts ER2 @ 804.60 -> small size [14:56] <NihabaAshi> 1 only [14:58] <Bambam-77> stp 1490.50 and trailing [14:59] <NihabaAshi> 0,2 Covered ER2 Short @ 804.00 --> + 0.6 [15:04] <Bambam-77> 91.75 stp and pos trigger for ss [15:05] <Bambam-77> like i said in am trend day today [15:08] <NihabaAshi> 0,3 Long ER2 @ 804.40 -> small size [15:08] <NihabaAshi> 1 only [15:09] <Bambam-77> 98.25 is my p&f projection [15:11] <NihabaAshi> 0,2 Exited ER2 Long @ 804.50 --> + 0.1 [15:11] <NihabaAshi> escaped another trade error with a profit :( [15:13] <rainer> 0,4 Shorts ER2 @ 805.0 -> small size [15:15] <Bambam-77> next stp is 98.5 30 point trgt [15:15] <rainer> 0,2 Covered all ER2 Short @ 805.0 --> 0 [15:16] <Bambam-77> and i am taking that to the bank or getting stpped at 1494 [15:20] <NihabaAshi> 0,3 Long ER2 @ 805.20 -> small size [15:20] <NihabaAshi> 1 only [15:22] <NihabaAshi> 0,2 Exited ER2 Long @ 806.00 --> + 0.8 [15:25] <eminitrader> 0,4 Shorts ES @ 1496.75 -> Add [15:25] <eminitrader> now holding 2 short .. [15:25] <intowin> well well its an eminitrader.. how you be? [15:26] <eminitrader> doing good inw.. [15:26] <eminitrader> and what abt u ..been behaving [15:26] <eminitrader> missed u guys [15:27] <intowin> I have only been able to come in the last couple hours with the buisy spray season.. should be able to be in here more soon.. missed you as well.. were you on vacation? [15:27] <Bambam-77> one more push 98.50 [15:27] <eminitrader> yep [15:27] <eminitrader> back fulltime...just wetting my hands today [15:27] <werner> not my day ,mist 2 nice long entry's on a couple points :( [15:27] <intowin> careful shorting on a trend day bud [15:28] <eminitrader> happens w...nothing to worry abt ..always a tomorow [15:28] <werner> :) [15:28] <Bambam-77> its miller time 1 lot left to trgt [15:28] <eminitrader> trying something new here itw...just 1 lot ... [15:29] <eminitrader> profits are banked anyways for today [15:30] <eminitrader> nice trading MM [15:30] <Bambam-77> i am done [15:30] <eminitrader> MM = BB [15:34] <NihabaAshi> 0,3 Long ER2 @ 807.00 -> small size [15:34] <NihabaAshi> 2 only [15:35] <eminitrader> getting closer tp my threshold level stop is @ 1500.50 [15:38] <NihabaAshi> 0,2 Exited ER2 Long @ 806.10 --> - 0.9 [15:38] <NihabaAshi> 0,4 Reverse and Enter Short ER2 @ 806.10 [15:43] <NihabaAshi> 0,2 Covered 1/2 ER2 Short @ 804.30 --> + 1.8 [15:43] <NihabaAshi> Dark Hammer line on the 1min chart... [15:43] <NihabaAshi> be careful. [15:43] <eminitrader> 0,2 Covered all ES Short @ 1494.50 --> 0 [15:43] <NihabaAshi> As long as Oil and Gold continue dropping together... [15:43] <eminitrader> thats a b/e on my avg entry [15:44] <NihabaAshi> I'm holding my ER2 remaining short contract. [15:44] <eminitrader> stupid trade ...but i at least learnt my new signal sucks for now...needs more fine tuning...will work on it [15:45] <NihabaAshi> 0,2 Covered Remainder ER2 Short @ 802.60 --> + 3.5 [15:46] <NihabaAshi> That trade push me over the hill to get my profit goal for the day. [15:46] <intowin> 0,3 Long ES @ 802.90 [15:46] <intowin> c if we get a eod bounce.. [15:47] <NihabaAshi> Efficient trading for me considering I missed a lot of today's price action. [15:56] <intowin> since it was just one contract Will use 800 stop and keep overnight if need be. suprised the profit taking isnt finding some buyers however [15:57] <Tim_a> $spx was within 3 points of 20 week ma [15:58] <Tim_a> actually a little less that 2 1/2 [16:08] <Brutus> ============ U.S. MARKETS ACTION =========== [16:08] <Brutus> DJIA up 105.83 points to 13462.27 [16:08] <Brutus> NASDAQ up 37.82 points to 2634.18 [16:08] <Brutus> S&P 500 up 17.04 points to 1490.72 [16:08] <Brutus> 10-year T-note down 6/32 at 101 17/32 yield 4.554 [16:08] <Brutus> NYMEX Spot Crude up $1.04 at $75.08/bbl at close [16:08] <Brutus> Dollar/Euro down 0.0011 at 1.3611 [16:08] <Brutus> http://custom.marketwatch.com/custom/tdameritrade-com/html-story.asp?guid={f88bd48c-dc7c-4b00-b1d4-22a271bef602} [16:16] <werner> gn all [16:18] <NihabaAshi> Take care all and see all tomorrow [16:19] * NihabaAshi is now known as NihabaAshi_away [16:23] * Disconnected Session Close: Tue Sep 04 16:23:37 2007
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