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#FuturesTrades September 6th Thursday 2007 Trade Log

 

Russell 2000 Emini ER2 Futures

Today Month Year
+11.10 +36.90 +2505.50
$1,110 $3,690 $250,550

Profitable Trade

0938am - 0953am est

Losing Trade

1237pm - 1243pm est

click on image to view actual size

 

Current Performance Record

Key Trades of the Day (see chat log below)

Profit/Loss Statement

 

Trading via WRB Analysis: Today's key WRB s/r zone developed between 1212pm - 1222pm est along with producing a key short signal for the trading day.

Yet, the signal occurred during a break from trading so that I can get some important personal work completed.

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: Thu Sep 06 09:26:00 2007
Session Ident: #futurestrades
[09:26] * Now talking in #futurestrades
[09:26] <X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
[09:27] <pat255> gm N & others
[09:28] <NihabaAshi> Hi pat255 and all.
[09:28] <PapaJon> gm all
[09:28] <NihabaAshi> Today is contract changover from U to Z.
[09:29] <asuni> gm all
[09:30] <Pepe> gm all
[09:32] <NihabaAshi> Maybe its next Thursday :(
[09:32] <NihabaAshi> :)
[09:32] <PapaJon> niha... i think that its next thurs
[09:32] <NihabaAshi> Yep
[09:32] <PapaJon> unless i fell asleep for a week... hehe
[09:33] <NihabaAshi> I just changed over my Eurex Bund stuff today and always get confused about the U.S. eminis
[09:36] <Bambam-77> trend is up for now 1476.75 ss trigger
[09:37] <eminitrader> yep..long from 1474.25
[09:37] <Bambam-77> 1482.25 pos trgt
[09:37] <eminitrader> exited 2/3 @ 79.25..holding 2 now
[09:38] <eminitrader> targetting 85-87 area
[09:38] <NihabaAshi> 0,4 Shorts ER2 @ 794.90 -> medium size
[09:38] <szubaark> emini when did u get Long?
[09:38] <NihabaAshi> :(
[09:38] <eminitrader> ater the 8:30 report szu
[09:38] <pat255> hi is that the old em or the new em ?
[09:38] <NihabaAshi> Could get 795.20
[09:39] <eminitrader> thinking of a sell and renetr at that area again
[09:39] <Bambam-77> stp or trgt market you deside
[09:39] <NihabaAshi> Meant...could not get that better entry on the short.
[09:42] <NihabaAshi> 0,2 Covered 1/2 ER2 Short @ 793.90 --> + 1
[09:42] <Bambam-77> waiting for close below 1476.75 holding so far
[09:44] <eminitrader> exit 1478.50
[09:44] <eminitrader> 0,4 Shorts ES @ 1478.50
[09:46] <eminitrader> 0,2 Covered 2/3 ES Short @ 1476.50 --> + 2
[09:46] <pat255> vn em ..
[09:47] <eminitrader> thx pat
[09:47] <Bambam-77> trend now ss
[09:47] <NihabaAshi> 0,2 Covered ER2 Short @ 793.20 --> + 1.7
[09:47] <NihabaAshi> Holding 1 contract remainder
[09:48] * les is now known as lesAway
[09:48] <NihabaAshi> Dark Hammer line on 3min chart...be careful regardless if your Short or Long.
[09:49] <NihabaAshi> I'll dump my remainder if price drops below the low of that Dark Hammer Line
[09:49] <eminitrader> me thinks ES trend still up ..till 1473.50 is taken out
[09:50] <szubaark> 0,3 Buys ES @ 1477 4,0 «« paper »»
[09:50] <Bambam-77> if we close abobe 1476.75 again mind your ss
[09:50] <NihabaAshi> Gold still up and Oil is stabilized...
[09:50] <pat255> l 793.2 er paper
[09:51] <NihabaAshi> Either they will come down or ER2 will retrace back upwards to catch up with them
[09:51] <NihabaAshi> If Gold and Oil drops...I'll reach my profit target on this Short.

 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) 

[09:51] <pat255> out -.6 paper
[09:52] <szubaark> 0,2 Exited all Long ES at 1475 --> - 2 4,0 «« paper »»
[09:52] <szubaark> :(
[09:52] <Bambam-77> value is 1475.25
[09:52] <Bambam-77> from yesterday
[09:53] <NihabaAshi> 0,2 Covered Remainder ER2 Short @ 792.70 --> + 2.2
[09:53] <eminitrader> 0,2 Covered Remainder ES Short @ 1475 --> + 3.5
[09:53] <szubaark> 0,3 Buys ES @ 1476.25 4,0 «« paper »»
[09:54] <eminitrader> 0,3 Long ES @ 1474
[09:55] <NihabaAshi> weak support here for ER2
[09:59] <eminitrader> 0,2 Exited 1/3 ES Long @ 1475 --> + 1
[10:01] <szubaark> 0,2 Exited all Long ES at 1473 --> - 3.25 4,0 «« paper »»
[10:01] <eminitrader> 0,2 Exited Remainder ES Long @ 1473 --> - 1
[10:01] <szubaark> 0,4 Shorts ES @ 1473.50 4,0 «« paper »»
[10:06] <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)
[10:08] <NihabaAshi> 0,3 Long ER2 @ 788.10 -> small size
[10:08] <NihabaAshi> 1 only
[10:09] <NihabaAshi> weak support here
[10:11] <NihabaAshi> 0,2 Exited ER2 Long @ 788.70 --> + 0.6
[10:11] <NihabaAshi> it got too jumpy
[10:21] <szubaark> 0,2 Covered all Short ES at 1470 --> + 3.5 4,0 «« paper »»
[10:22] <eminitrader> very nice szu..
[10:22] <szubaark> thx.
[10:22] <eminitrader> missed my sell @ 1472.75 by 3 ticks :(
[10:22] <eminitrader> before this new low
[10:25] <eminitrader> limit cancel
[10:37] <eminitrader> 0,4 Shorts ES @ 1473.50
[10:37] <eminitrader> 73.50-75.50 szu
[10:39] <eminitrader> 0,4 Shorts ES @ 1474.75 -> Add
[10:46] <jperl> done for the morning....trades here....
[10:46] <jperl> http://charts.dacharts.com/2007-09-06/JPERL_018.jpg
[10:47] <Pepe> very nice Jperl
[10:47] <szubaark> nice jp
[10:47] <jperl> tx
[10:51] <eminitrader> 0,2 Covered all ES Short @ 1476.25 --> - 4.25
[10:52] <Bambam-77> 79.50 pos trgt
[10:52] <pat255> hmmm :(
[10:54] <Pepe> :(
[10:54] <eminitrader> 0,4 Shorts ES @ 1476.25
[10:54] <szubaark> 0,4 Shorts ES @ 1476 4,0 «« paper »»
[10:55] <szubaark> 2pt Stop
[10:55] <Bambam-77> would like to see re test of low
[10:57] <Bambam-77> focusing on next trgt 1479.50 if we close and hold above 76.75 protect longs
[10:59] <Bambam-77> a retrce to 1474.25 is posible
[10:59] <eminitrader> 0,2 Covered 1/3 ES Short @ 1475.75 --> + 0.5
[11:02] <eminitrader> 0,2 Covered 1/3 ES Short @ 1474.75 --> + 1.5
[11:08] <eminitrader> 0,2 Covered ES Short @ 1474.25 --> + 2
[11:08] <eminitrader> 0,3 Reverse and Enter Long ES @ 1474.25
[11:09] <szubaark> 0,2 Covered all Short ES at 1473.50 --> + 2.5 4,0 «« paper »»
[11:13] <NihabaAshi> 0,3 Long ER2 @ 789.00 -> small size
[11:13] <NihabaAshi> 2 only
[11:14] <NihabaAshi> volatility dropping fast
[11:14] <NihabaAshi> expecting a volatility spike here soon.
[11:14] <NihabaAshi> Preparing to reverse my position if needed.
[11:15] <eminitrader> 0,2 Exited all ES Long @ 1474.25 --> 0
[11:17] <NihabaAshi> 0,2 Exited all ER2 Long @ 789.10 --> + 0.1
[11:25] <eminitrader> 0,3 Long ES @ 1478.50
[11:27] <eminitrader> 0,2 Exited ES Long @ 1478.50 --> 0
[11:27] <eminitrader> 0,4 Reverse and Enter Short ES @ 1478.50
[11:30] <eminitrader> 0,2 Covered ES Short @ 1479.50 --> - 1
[11:30] <eminitrader> 0,3 Reverse and Enter Long ES @ 1479.50
[11:31] <eminitrader> 0,2 Exited 1/2 ES Long @ 1482 --> + 2.5
[11:31] <eminitrader> sorry
[11:31] <eminitrader> 0,2 Exited 1/2 ES Long @ 1481 --> + 1.5
[11:33] <eminitrader> 0,2 Exited Remainder ES Long @ 1479.50 --> 0
[11:39] <eminitrader> 0,4 Shorts ES @ 1479.25
[11:40] <szubaark> 0,4 Shorts ES @ 1478.50 4,0 «« paper »»
[11:41] <eminitrader> 0,4 Shorts ES @ 1480 -> Add
[11:47] <intowin> 0,4 short ES @ 1480.75
[11:47] <intowin> high risk but one point stop loss
[11:47] <eminitrader> 0,2 Covered ES Short @ 1481 --> - 1.75
[11:47] <eminitrader> 0,3 Reverse and Enter Long ES @ 1481
[11:47] <intowin> yep
[11:48] <szubaark> 0,2 Covered all Short ES at 1481.50 --> - 3 4,0 «« paper »»
[11:48] <eminitrader> ym strong itw
[11:48] <intowin> cant pass up double and triple tops ... too small of a stop loss
[11:48] <eminitrader> i was expecting a retrace too
[11:49] <intowin> 0,2 Covered all ES Short @ 1481.25 --> - 0.5
[11:49] <intowin> .5 was worth the shot
[11:49] <eminitrader> will prolly pullback 82-83 area
[11:51] <eminitrader> 0,2 Exited all ES Long @ 1480 --> - 1
[11:52] <eminitrader> 0,4 Shorts ES @ 1481
[11:54] <szubaark> jumpy action here
[11:54] <eminitrader> yep...getting kicked all around..
[11:54] <NihabaAshi> Been busy doing some personal stuff...looks like I missed a nice price action to the upside after 1120am est.
[11:54] <eminitrader> ;00
[11:55] <Brutus> 09/06/2007 11:53 *DJ Fed's Poole: Think Probability Of Recession Now Higher
[11:56] <eminitrader> wow and the mrkt goes up..
[11:57] <Brutus> 09/06/2007 11:56 *DJ Fed's Poole: Shouldn't Assume Econ About To Nose-Dive
[11:57] <Brutus> -)
[11:59] <eminitrader> 0,2 Covered 1/3 ES Short @ 1480 --> + 1

WRB Analysis
 
Learn More
 [12:03] <eminitrader> 0,2 Covered 1/3 ES Short @ 1479 --> + 2
[12:12] <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)
[12:13] <eminitrader> 0,2 Covered ES Short @ 1480 --> + 1
[12:13] <eminitrader> 0,3 Reverse and Enter Long ES @ 1480
[12:16] <eminitrader> 0,2 Exited 1/3 ES Long @ 1482 --> + 2
[12:21] * codehead_afk is now known as codehead
[12:22] <eminitrader> 0,3 Long ES @ 1482 -> Add
[12:28] <pat255> k guys back to office ...
[12:28] <pat255> glad to have u back em ..
[12:32] <eminitrader> thx pat
[12:32] <eminitrader> good to be back :))
[12:32] <pat255> welcome back ...
[12:34] <NihabaAshi> Dark Hammer Line on ER2 1min chart
[12:37] <NihabaAshi> 0,3 Long ER2 @ 795.10 -> small size
[12:37] <NihabaAshi> 2 only
[12:41] <NihabaAshi> Price now within that support area of the long lower shadow of the Dark Hammer Line.
[12:41] <eminitrader> 0,2 Exited 1/3 ES Long @ 1482 --> 0
[12:42] <eminitrader> still holding the 1480 entry
[12:43] <NihabaAshi> 0,2 Exited ER2 Long @ 794.30 --> - 0.8
[12:43] <NihabaAshi> 0,4 Reverse and Enter Short ER2 @ 794.30
[12:43] <eminitrader> 0,2 Exited Remainder ES Long @ 1481 --> + 1
[12:43] <NihabaAshi> 3 contracts and there was an add to bring it to 3
[12:44] <NihabaAshi> I need to be careful here because there's a "tendency" to retrace back up into the range of that prior lower shadow of the Dark Hammer Line.
[12:45] <eminitrader> 0,3 Long ES @ 1479.50
[12:45] <NihabaAshi> Oil and Gold still pushing down...
[12:45] <NihabaAshi> They made my position reversal decision very easy.
[12:49] <NihabaAshi> 0,2 Covered 2/3 ER2 Short @ 792.50 --> + 1.8
[12:50] <intowin> 0,3 Long ES @ 793
[12:50] <intowin> er
[12:50] <intowin> stop at 791.90 with a reverse to short order
[12:51] <eminitrader> 0,3 Long ES @ 1478.50 -> Add
[12:52] <eminitrader> be back stops in place
[12:52] <NihabaAshi> weak support but it keeps trying hard to counter-thrust back up.
[12:59] <NihabaAshi> 0,2 Covered Remainder ER2 Short @ 793.80 --> + 0.5
[13:00] * szubaark is now known as szubaark_away
[13:06] <NihabaAshi> 0,4 Shorts ER2 @ 793.10 -> small size
[13:06] <NihabaAshi> 2 only
[13:08] <NihabaAshi> 0,2 Covered all ER2 Short @ 792.50 --> + 0.6
[13:08] <NihabaAshi> That gives me my profit goal for the day...
[13:09] <NihabaAshi> I'm officially now in profit protection mode and will trade 1 contract only for the remainder of the trading day.
[13:12] <intowin> 0,2 Exited all ES Long @ 791.90 --> - 1.1
[13:12] <intowin> now short at 91.90
[13:12] <intowin> 0,4 short ES @ 791.90
[13:15] <NihabaAshi> weak support here again
[13:15] <Bambam-77> pos trgt 1473.25
[13:16] <Bambam-77> pos by 1:30
[13:16] <eminitrader> 0,2 Exited all ES Long @ 1477.50 --> - 3
[13:16] <eminitrader> late post
[13:22] <NihabaAshi> 0,3 Long ER2 @ 790.90 -> small size
[13:22] <NihabaAshi> 1 only
[13:23] <NihabaAshi> 0,2 Exited ER2 Long @ 791.30 --> + 0.4
[13:24] <eminitrader> 0,3 Long ES @ 1478
[13:24] <intowin> 0,2 Covered all ES Short @ 791.10 --> + 0.8
[13:25] <Bambam-77> 5 min left to trgt will it complete watching and trailing protect ssstp @ 1479.75 and long trigger
[13:27] <Bambam-77> for completion of wave 5 if may count is right 1473.25 posible trgt
[13:28] <eminitrader> 0,3 Long ES @ 1477 -> Add
[13:33] <NihabaAshi> 0,3 Long ER2 @ 790.50 -> small size
[13:33] <NihabaAshi> 1 only
[13:33] <Bambam-77> er wants 89.6
[13:34] <Bambam-77> es has more relative strength
[13:34] <NihabaAshi> weak support here
[13:34] <intowin> 0,3 Long ES @ 790
[13:34] <Bambam-77> will take profits at 1474.25
[13:34] <NihabaAshi> Should be strong enough to prevent me from getting a loss.
[13:35] <Bambam-77> stp 78.75
[13:36] <NihabaAshi> 0,2 Exited ER2 Long @ 790.80 --> + 0.3
[13:36] <eminitrader> nice long sigmal ..:)
[13:36] <eminitrader> needs to brek 79
[13:36] <NihabaAshi> Take a break from trading
[13:36] * NihabaAshi is now known as NihabaAshi_away
[13:38] <Bambam-77> not making it easy today
[13:39] <eminitrader> yep
[13:39] <eminitrader> 0,3 Long ES @ 1476.50 -> Add
[13:40] <eminitrader> fully loaded now..
[13:40] <intowin> If it pans out you can take another vacation with that load lol
[13:40] <eminitrader> 0,6 exit stop raised ES @ 1475.50
[13:40] <eminitrader> lol
[13:41] <eminitrader> expecting new highs
[13:41] <eminitrader> if 79 is taken out
[13:41] <eminitrader> solid supp on both ym and es in this area
[13:42] <eminitrader> actually last line of supp
[13:42] <eminitrader> this breks cld see retest of lows lows
[13:45] <eminitrader> :))
[13:45] <intowin> 79
[13:45] <eminitrader> 0,2 Exited 1/3 ES Long @ 1479 --> + 2.5
[13:45] <eminitrader> no thats not what it is..
[13:46] <Bambam-77> flat ss at stp
[13:46] <intowin> script does not like adds
[13:46] <eminitrader> avg is 1478
[13:46] <intowin> uses your last entry
[13:47] <eminitrader> yep
[13:48] <eminitrader> 0,6 exit stop raised ES @ 1476.50
[13:48] <eminitrader> waiting game now ...gotto give it time to work itself out
[13:49] <intowin> missed getting out of half my er2 by one tic
[13:49] <eminitrader> know the feeling..
[13:49] <intowin> I had my place debugged and everything
[13:50] <eminitrader> hehehhe
[13:55] <Bambam-77> need to break 79 for longs to trive
[13:56] <Bambam-77> so far holding as resistance
[13:57] <eminitrader> more imprtant is - supp holding on es and ym
[13:57] <eminitrader> when long ...in an uptrend i'm more worried abt supp than res
[14:01] <eminitrader> looking good to test the highs...
[14:02] <intowin> we have time left as well
[14:02] <eminitrader> hope the mrkt doesn't get into chop mode
[14:02] <eminitrader> 0,2 Exited 1/3 ES Long @ 1478 --> 0
[14:03] <eminitrader> sell signal here..
[14:03] <eminitrader> dont know if its a fake ...or a real one
[14:04] <Bambam-77> ss on stp @ 1476.75 trying one more time to trgt 73.25 if i get filled
[14:04] <intowin> 0,2 Exited all ES Long @ 790.80 --> + 0.8
[14:04] <intowin> it was enough to shake me
[14:04] <eminitrader> true bb...agree withu
[14:05] <eminitrader> two mistakes...
[14:05] <eminitrader> meant test of lows
[14:05] <eminitrader> and exit was reminder of position
[14:06] <eminitrader> sorry guys..
[14:06] <werner> np emini
[14:06] <eminitrader> being long got me the typo...but supp still holding
[14:07] <Bambam-77> stp 1479.25
[14:07] <eminitrader> was holding 14 ...so didn't want a 6 tick loss..got out b/e
[14:07] <Bambam-77> not feeling the love here
[14:08] <eminitrader> looking like the sell indeed was a fakeout :)
[14:08] <eminitrader> hope it doesnt get into a chop..
[14:08] <eminitrader> well anyways i.m out
[14:08] <Bambam-77> same
[14:08] <eminitrader> goodluck bb
[14:09] <eminitrader> oh..thgt u were short
[14:10] <Bambam-77> my 120 above my 45 tells me we still ss trend also translatest to chop since they sideways
[14:10] <intowin> 0,3 Long ES @ 792
[14:10] <intowin> last try
[14:11] <eminitrader> now it moves..shakeout sure got me :((
[14:12] <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)
[14:12] <eminitrader> with supp hold and @ 1480..trend is still up...
[14:12] <eminitrader> so any long with 1475.50 stop shld be a safe trade
[14:13] <eminitrader> only pb is i dont want an entry in the 79-80 area with that kinda stop
[14:14] <eminitrader> know what guys...i.m taking the day off...good trading all
[14:14] <intowin> cya in the morn
[14:55] <rainer> 0,3 Long ER2 @ 792.1
[14:58] <rainer> 0,2 Exited all ER2 Long @ 792.6 --> + 0.5
[15:01] <werner> djeez what a .... market
[15:01] <werner> this is nuts
[15:02] <GoodMood> why, werner ?
[15:02] <werner> nothing is working here :(
[15:03] <GoodMood> oh :(
[15:03] <Tim_> i'm seeing a lot of cancelled signals, i'm going real light today
[15:04] <Bambam-77> we in a sideways market chop
[15:07] <Bambam-77> can anyone see a head and shoulder formation top forming looking at a 120 min chart
[15:09] <werner> er2?
[15:09] <werner> es?
[15:10] <Bambam-77> es
[15:10] <werner> k
[15:10] <werner> yes indd
[15:11] <werner> rs ind exact
[15:11] <werner> on 84.75
[15:11] <werner> nekline 68
[15:12] <werner> ok bam?
[15:12] <Bambam-77> 68.75 solid support so far
[15:13] <Bambam-77> 1.25 x 3 p&f chart
[15:13] <werner> yep
[15:14] <Bambam-77> they building up to a big move soon today or tomorrow
[15:14] <werner> thats what i feel too
[15:16] <Bambam-77> the uptrend line was broken yesterday i see this a secondary weakness below the lower trend line we could say its forming a bear flag below
[15:18] <werner> frame?
[15:18] <Bambam-77> 89.50 is where the lower uptrend line and a vertical projection meet
[15:19] <werner> bearflag? time frame?
[15:20] <Bambam-77> 1.25 x 3 point and figure chart thats why i feel safer to ss this market for now till we break above 89.50 will prove me wrong
[15:23] <werner> 79.5 sell bam?
[15:24] <Bambam-77> slowly building ss position intraday in swing account average price of 82.75
[15:24] <werner> k
[15:26] <werner> add 80.25 i think
[15:29] <werner> out add 79.5
[15:30] <werner> all paper
[15:30] <Bambam-77> i have a bracket in place on at 1484.25 and the other at 1475.75
[15:31] <werner> k
[15:32] <Bambam-77> i know it a 10 spread but if this break 1472.25 is my first profit target
[15:32] <Bambam-77> then 1464.50
[15:32] <werner> lets hope the 1475 works
[15:33] <Bambam-77> i will not let this swing turn red smaller position wider stp break even or trgts
[15:34] <werner> its good fos my paper ss :)
[15:34] <werner> for
[15:35] <werner> add 81
[15:36] <werner> out add 80.25
[15:40] <werner> 79 ym must go out for ss
[15:40] <werner> hihi
[15:41] <werner> out 78.5
[15:41] <werner> inni pos
[15:42] <werner> 79.5/ 78.5
[15:43] <Tim_> i used to get creamed on days like this, i learned to throttle back
[15:43] <werner> y indd
[15:43] <werner> pffffffffffff
[15:47] <intowin> 0,2 Exited all ES Long @ 793 --> + 1
[15:48] <intowin> not going anywhere..
[15:50] <werner> :(
[15:50] <werner> its a mess
[15:51] <intowin> had that two hours and made one point
[15:52] <werner> mess is "rotzooi" in the nederlands :)
[15:53] <werner> http://www.radiodigitaal.nl/
[15:53] <werner> click radio 10 gold 60/70's
[15:56] <werner> always here one the background, like niha
[15:58] <intowin> well try agian in the morn.. cu guys
[15:58] <werner> yo
[16:04] <werner> gn all
[16:16] <NihabaAshi_away> Take care all.
[16:18] <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)
[16:18] * sep34 is now known as sep34_away
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