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#FuturesTrades October 2nd Tuesday 2007 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+10.30	+33.10	+2703.60
$1,030	$3,310	$270,360

Profitable Trade

1006am - 1016am est

Losing Trade

1034am - 1048am 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: The Russell 2000 Emini ER2 was range bound until 1:38pm est when it setup a price action that has a high probability of attracting market participants.

Further, it became a key WRB s/r zone along with being a bullish pattern signal via the price action between 1:32pm - 1:38pm est.

I'll be watching that WRB s/r zone tomorrow for confirmation of any pattern signals or as profit targets for any trades above/below that s/r zone.

In addition, I'll be monitoring tomorrow the Eurex DAX and Emini ES for clues about the volatility in 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 (ex. Oil and Gold), 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 so that I'll have a better understanding of ER2 price action.

With that said, today's trade posting chat log is below and it contains all my trades that were posted in realtime along with the trades of other members of #FuturesTrades.

Further, if you want the instructions for gaining access to our free #FuturesTrades chat room...click here.

#FuturesTrades purpose, benefits and access info for day traders, swing traders and position traders...click here.

Session Start: Tue Oct 02 09:07:48 2007Session Ident: #futurestrades

* Now talking in #futurestrades 09:07

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

* subq market profile charts for today 09:13

http://www.charthub.com/images/2007/10/0 2/ym_rth_mp.png 09:14

http://www.charthub.com/images/2007/10/0 2/nq_rth_mp.png

http://www.charthub.com/images/2007/10/0 2/es_rth_mp.png

<pat255> gm all

* subq http://www.charthub.com/images/2007/10/0 2/er2_rth_mp.png

<pat255> amazing mkt is back up to from wjhere it fell

<werner> gm all

<NihabaAshi> Volatility improved a lot yesterday. 09:15

Hopefully volatility stays like this for the entire week regardless if the market goes up or down. 09:16

<Dmi76> gm all

<pat255> y good point as long it moves who cares where it goes..

<Nesi> hello all 09:21

<ripsboy> good morning all... 09:22

<Nesi> long ER 831.20 with stop 830 09:24

<X> #FuturesTrades Info -> Chat room for traders and intermarket analysis of Emini Futures (EMD, 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, XLE, QQQQ, SPY) 09:27

<PapaJon> gm all 09:29

<Nesi> hi Papa

sell ER 832 +0.8 09:31

short ER 831.70 09:32

with stop 832.40

moved stop to 832 09:33

out, stopped out

buy ER 831.90 09:34

with stop 831

<eminitrader> Long ES @ 1538.50 09:36

<Dmi76> Long ER2 @ 831.9

<les> Long ER2 @ 832.7 «« paper »» 09:37

<Dmi76> Exited all ER2 Long @ 833.1 --> + 1.2 09:38

<Nesi> sell ER 833.70

+1.8

<eminitrader> Exited 1/2 ES Long @ 1539.50 --> + 1

<Nesi> short ER 833.50 09:39

STOP 834 , tight stop

<blp> short er2 33.60 09:40

<eminitrader> Exited Remainder ES Long @ 1538.50 --> 0

<Nesi> out ER 832.80 09:41

<blp> stop 34.00

<Nesi> +0.7

<base> GM all

<eminitrader> Shorts ES @ 1538.50 09:42

10 lot

<szubaark> emini u mean 1558? 09:43

<Nesi> short YM 14170

<eminitrader> thx szu :)

Shorts ES @ 1558.50

<Nesi> with stop 180 area, it will depend how it feels if it goes there

<les> Long ER2 @ 833.2 -> Add «« paper »»

<blp> all out 33.30 09:44

+.30

<eminitrader> nice sell set-up on the ES

<Nesi> short ER 833 key if hits 09:45

i am short ER 833

<werner> djeez charts still

<Nesi> i feel i will let it run... just a feel

<werner> ts props

<les> Exited all ER2 Long @ 832.3 --> - 1.3 «« paper »» 09:46

<werner> anyone also props with TS?

<eminitrader> not here w

<werner> tx em

<les> k

<eminitrader> urw

w...stuck now all charts 09:47

<werner> ;(

<eminitrader> looks like they freeze . then move a couple ticks then freeze .. 09:48

<werner> yep

<eminitrader> but nice set-up so i'm holding on to this trade

<werner> :)

<Widgetman> GM 09:49

<eminitrader> anyone know where the ES is now ??

<Dmi76> 1557

<les> Shorts ER2 @ 832.3 «« paper »»

<Dmi76> bid

<eminitrader> k thx 09:50

<werner> nice spread in the matrix.....pfff

ts down imo 09:51

<Nesi> my stop for ER is 833 hard to get out flat..fwiw 09:52

<blp> long er2 32.80

stop 32.00

<Nesi> out flat ER 09:54

holding my YM tho, with stop 170 to get out flat 09:55

short again ER 833.20 09:56

with stop 834 hard 09:57

<Brutus> 1000/1400 Aug Pending Home Sales Index

-12.2%

<werner> ts ok mow

<eminitrader> yep after reboot 09:58

Covered 1/2 ES Short @ 1556.50 --> + 2

<pat255> vn em ...

<eminitrader> thx pat 09:59

<Nesi> short NQ 2132

<Brutus> 10/02/2007 10:00 *DJ US Pending Home Sales Index -6.5% In Aug - NAR 10:00

<NihabaAshi> Shorts ER2 @ 832.50 -> small size 10:01

<les> Covered all ER2 Short @ 832.3 --> 0 «« paper »»

<NihabaAshi> Volatility spike in Eurex DAX

<blp> out er2 -.80

short 32.00 er2

<Nesi> cover NQ 2132 flat 10:02

cover ER 832.40 from 833.20

<eminitrader> Covered 1/3 ES Short @ 1557 --> + 1.5 10:04

<NihabaAshi> Covered all ER2 Short @ 832.40 --> + 0.1

<eminitrader> holding 2

<NihabaAshi> too jumpy

<pat255> y.. 10:05

<Nesi> i am still holding my YM at 170

short ER 832

* les is now known as lesAway

<szubaark> Shorts ES @ 1555.75 «« paper »» 10:06

<NihabaAshi> Long ER2 @ 832.00 -> small size

<eminitrader> Covered ES Short @ 1556 --> + 2.5

Reverse and Enter Long ES @ 1556

<Nesi> cover ER 833 -1 10:07

<eminitrader> Exited 1/3 ES Long @ 1557.50 --> + 1.5 10:08

<Nesi> cover YM 172 -2

<blp> out -1.00er2

<NihabaAshi> Exited 2/3 ER2 Long @ 833.20 --> + 1.2

<Nesi> BUY YM 171

with stop 160 10:09

buy ER 833.30

<blp> short 34.40 er2 10:11

<eminitrader> chatrs frozen again :( 10:12

<werner> not here em

<eminitrader> hehehehe..

<Brutus> u have quotes?

<eminitrader> no B

<NihabaAshi> Gold and Oil no longer provideing support for my Long position.

<eminitrader> looks like merry go round w 10:13

<NihabaAshi> Simply, I'm now on my own :)

<werner> lol

<Brutus> stay long :)

<Nesi> out ER 835.20

<ItalianSharp> emini, you having problems with your cahrts too?

<eminitrader> k stop @ b/e anyways

<szubaark> Covered all Short ES at 1558.25 --> - 2.5 «« paper »»

<blp> -.60 er2

<szubaark> :((

<eminitrader> yes IS

<szubaark> Buys ES @ 1558.25 «« paper »»

<Nesi> +1.5

<ItalianSharp> same here...i hate computers 10:14

<eminitrader> back now

<werner> :)

<Nesi> out YM kinda flat

<eminitrader> Exited ES Long @ 1558 --> + 2

Reverse and Enter Short ES @ 1558

<blp> short 35.00 er2

<Nesi> i am flat all now..fwiw

<eminitrader> 10 lot

<ItalianSharp> gonna do a third reboot and see if i get this fixed...if not, i dont know...guess i'll have to passively participate and read what you guys doing 10:15

<NihabaAshi> Exited Remainder ER2 Long @ 835.80 --> + 3.8 10:16

<blp> out - 1.00 er2

<werner> nice niha

<eminitrader> high probability of new lows ..as compared to new highs...mean brek of 1561

<blp> short 35.50 er2

<Nesi> short YM 170 AGAIN

<eminitrader> frozen again..

<blp> last trade

<Nesi> SHORT ER 835.40 10:17

<NihabaAshi> One of my favorite market bloggers mixed the mark big time on one of his recent commentaries...

:(

http://tuckerreport.com/articles/interma rket-analysis/ 10:18

Intermarket Analysis works big time.

<Nesi> thanks N

<NihabaAshi> Unfortunately, many like him are still "old school".

<Nesi> btw, thanks for letting me in this room

<NihabaAshi> What that means is that he's using simple one-to-one correlations used from 20 - 30 years ago. 10:19

<Nesi> cover ER 835 10:20

<NihabaAshi> What I mean is that intermarket analysis is not about tick to tick correlations.

<Nesi> YM losing it a bit..imo

i feel i had early exit on my last ER play 10:21

<NihabaAshi> However, tick to tick correlations is one of the easiest to discuss and test.

<eminitrader> Covered 1/2 ES Short @ 1556 --> + 2

<Nesi> nice

<werner> indd

<eminitrader> decided to reduce muy position...given the ts prbs...holding 5 now with stop 1 1561 10:22

thx N W

<NihabaAshi> Today, intermarket analysis is more efficient as a trade management tool in comparison to yester years as an entry signal.

Nesi...thanks for joining :)

<szubaark> Exited all Long ES at 1555.75 --> - 2.5 «« paper »» 10:23

:(

Shorts ES @ 1555.75 «« paper »»

<blp> stop 36.20 er2 be back later 10:24

<Nesi> cover YM from 170 at 142

<NihabaAshi> Remember my commentary about the lack of support...

[10:12] <NihabaAshi> Gold and Oil no longer provideing support for my Long position.

Eminis now trying to catch up with other key markets on the retracement. 10:25

<ScreenStruck> gm

<eminitrader> exit stop lowered ES @ 1560

<Nesi> short NQ 2131.25

i feel NQ probably will drill 2130.. imo 10:26

short YM 144 with stop 150 10:28

* lesAway is now known as les 10:29

<les> Long ER2 @ 833.9 «« paper »»

<intowin> Long ES @ 1555

exit stop set ES @ 1553.75 10:30

tight stop

<eminitrader> w..looks like charts r fixed now

<Nesi> short ER 833.50

<werner> yep em

<Nesi> NQ almost almost to drill 130 imo 10:31

<eminitrader> Covered 1/3 ES Short @ 1554 --> + 4

holding 3 10:32

<szubaark> good read on this emini

<eminitrader> thx szu

<intowin> froze up solid over here..

<Nesi> here we go

cover YM 134 +10

<NihabaAshi> Long ER2 @ 833.70 -> small size 10:34

trying something new here

<eminitrader> exit stop lowered ES @ 1559.25 10:35

<intowin> working on reboot.. I assume we dipped below 1554?

<eminitrader> 53.50

<intowin> Exited all ES Long @ 1553.75 --> - 1.25 10:36

thanks

<eminitrader> urw

<Nesi> cover ER 832 from 832.5

cover NQ from 131.25 at 130 10:39

done for now

<les> Long ER2 @ 833.4 -> Add «« paper »» 10:41

<NihabaAshi> someething just spooked Oil 10:42

<szubaark> Covered 1/2 Short ES at 1553 --> + 2.75 «« paper »» 10:45

exit stop moved to breakeven ES @ 1555.75 «« paper »»

<Brutus> Good trade Szu 10:46

ES at YEst sup

<szubaark> thx.. finally caught the Short after getting stopped out Twice during opening

<NihabaAshi> Exited ER2 Long @ 832.50 --> - 1.2 10:48

Reverse and Enter Short ER2 @ 832.50

<Brutus> Oil n gold dropping fast 10:49

<NihabaAshi> 3 contracts into the position reversal from 1 on the Long.

<Brutus> somethings up with commodities as BHP is down 4.5% 10:50

<NihabaAshi> Covered all ER2 Short @ 833.00 --> - 0.5 10:52

<Brutus> Niha you still have ur Cad$ position? 10:54

http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={27cb9 998-3602-4a85-bd66-6efa2efbaf9c}

<Nesi> short ER 833.40 10:56

<NihabaAshi> Brutus...YES

<Nesi> how do you guys have the code for posting?

<intowin> I am going to try coming back later. I am on three reboots and stil no platform

<Brutus> k 10:57

<NihabaAshi> Nesi...the posting code are freely given to any register member of our discussion forum. 11:01

Just follow the instructions at http://www.thestrategylab.com/FuturesTra desChatRoom.htm 11:02

Meant...after you register...then follow those instructions to gain access to the posting code 11:03

<Nesi> thanks

short YM 127 11:05

<eminitrader> Covered ES Short @ 1553 --> + 5 11:08

holding 1

<pat255> vvn em ..

<Nesi> nice

<Brutus> good trades E

<eminitrader> thx pat N

thx B

<pat255> damn ..did not want to S..cuz of uptrend ...idiot me..

<Tim_a> vn, e

<eminitrader> thx T

<Nesi> cover ER from 833.40 at 832.40 11:09

cover YM 127 , flat, does not feel right 11:12

<eminitrader> looking more and more like a inside day..ES i mean

<Brutus> yep, ER HnS

<NihabaAshi> Long ER2 @ 832.80 -> medium size

Looks like 832.50 was the better price :( 11:13

<Nesi> buy ER 832.80 11:14

stop 832.20 area

i am wrong.. out ER 832.50 11:15

short YM 122

it feels better the YM to the downside to me...imo

not a good idea to get into a fight zone like i just did 11:17

wrong again, out YM 127 -5 11:20

<NihabaAshi> volatility spike but no follow through so far 11:21

It's got support from Oil and Gol to push higher but so far ER2 not following. 11:22

<eminitrader> exit stop lowered ES @ 1558

<intowin> Long ES @ 1555 11:23

<NihabaAshi> Exited 3/4 ER2 Long @ 833.40 --> + 0.6 11:24

punks

<intowin> exit stop set ES @ 1552.25 11:25

<eminitrader> exit stop lowered ES @ 1557.50

<NihabaAshi> same thing like yesterday's last trade...no fill after it traded through my price to force me out via having to use a market order for a lesser price :(

Exited Remainder ER2 Long @ 833.70 --> + 0.9 11:28

Got my price

<szubaark> Covered all Short ES at 1555.75 --> 0 «« paper »» 11:29

<NihabaAshi> Now the volatility spike shows up :( 11:30

<eminitrader> retrace from yest 1 st fib level

<Guest35179> short 834.40

<eminitrader> 1552.25 11:31

* NihabaAshi is now known as NihabaAshi_away

<les> Exited 1/2 ER2 Long @ 834.6 --> + 1.2 «« paper »» 11:32

bout bloody time too :) 11:33

<X> #FuturesTrades Info -> Chat room for traders and intermarket analysis of Emini Futures (EMD, 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, XLE, QQQQ, SPY)

<szubaark> Shorts ES @ 1555.25 «« paper »»

<eminitrader> Shorts ES @ 1555.50

<les> Exited Remainder ER2 Long @ 834.2 --> + 0.3 «« paper »» 11:35

done for today 11:36

at least back in the black now

<eminitrader> :)

good job les

<les> thx :)

<Guest35179> out 834.40 +.4

<les> wasnt on the ball at all today

<pat255> k guys c u al later ty 11:37

<eminitrader> later pat

<pat255> later em 11:38

office beckons me ...:(

<intowin> exit stop set ES @ 1554.25 11:41

* NihabaAshi_away is now known as NihabaAshi 11:42

<Guest35179> short 834.70 11:43

<Nesi> buy ER 834.20 11:44

buy YM 141

<Guest35179> out 834.30 +.4 11:45

<Brutus> Nice hit rate guest, r u scalping fom the DOM? 11:46

<eminitrader> my charts signalled ay a short term sell on the YM with stop @ 149

just for information guys... 11:47

I DONT TRADE THE YM

<ItalianSharp> yr charts are pretty damned accurate...YM traded at 148 emini 11:48

<Nesi> you just trade the ER... emini?

<eminitrader> tjust the ES

<Nesi> thx

<Brutus> E 091907 high was also 1552 11:49

<Nesi> anyone using infinityAT as a platform?

<Guest35179> no brutus, just on a sell mode today with the runup yesterday and today home sales figures down-just looking for new high levels 11:50

<eminitrader> guess my charts work on the YM too :))

<Nesi> nice read...emini

<Brutus> ok thx 11:51

<eminitrader> thx N...was an excellent short ...and i saw u go long ..so just a heads up

k meanwhile..

<Nesi> thanks...yeah... still in 11:52

<eminitrader> Covered 2/3 ES Short @ 1554.50 --> + 1

holding 2 ..

avg 1556.75

exit stop lowered ES @ 1557.25 11:53

<Nesi> somehow.. i would not be suprise if we close green today..imo 11:54

<eminitrader> cld very well...

my set-ups r for scalps not swings..fyi

<Guest35179> short 834.20 11:55

<intowin> stop will probably get hit but should be at 1553.75

<Guest35179> out 833.80 +.4 11:56

<szubaark> cant make up its mind if down or up here 12:01

<eminitrader> looks like a high probability of new lows 12:03

<szubaark> i agree since trend is Down so far

but you never know with this market :)) 12:04

<eminitrader> true szu...remember we r in a bull mrkt ...trend cld turn any time

<Guest35179> that was a quick move down- in at 834.20 and out immediately at 833.70 +.5

<ScreenStruck> off to work... bye

<szubaark> atleast another re-test of lows i would think 12:05

<eminitrader> got to keep this in mind when shorting

same here ..lets wait and see how it unfolds

YM says new lows coming ..but NQ and ES not yet so far 12:06

<pdays> Shorts ER2 @ 834.0

<eminitrader> 1557 is the line i wld drw 0n ES and 2134 on the NQ 12:07

<Brutus> 10/02/2007 12:04 HOT: Ford-F September car sales were down 38%.9, truck sales down 9%

Looks like YM pulled down by F and GM 12:08

<eminitrader> hope it helps our trade :))

prolly true B...but ES and NQ still holding

<pdays> Covered all ER2 Short @ 833.5 --> + 0.5

<eminitrader> PA confirms a high probability test of low on NQ 12:09

not yet on the ES.. 12:10

looks like the ES is trying to be a leader today ...to the bullish side 12:11

<Guest35179> short 834.0 12:13

<intowin> Exited all ES Long @ 1553.75 --> - 1.25

<Guest35179> out 833.50 +.5

<eminitrader> Covered Remainder ES Short @ 1554.50 --> + 1 12:15

done for the day...good trading all 12:16

<codehead> inverted ghost on YM 3 min szu 12:30

at trigger 12:31

not sure if it can go off--strong bid at lod been holding it so far, but only a couple ticks above it

cave

<NihabaAshi> Shorts ER2 @ 832.20 -> small size 12:32

<szubaark> Covered 1/2 Short ES at 1553 --> + 2.25 «« paper »»

<NihabaAshi> 2 only

<szubaark> geez tested my Patience.

exit stop moved to breakeven ES @ 1555.25 «« paper »»

yes code.

<Tim_a> volume, er2 12:33

<NihabaAshi> Shorts ER2 @ 831.90 -> Add

ER2 trying hard to find support here. 12:34

volatility dropping fast after the prior spike. 12:36

time to bail because the plan on this trade didn't involve any declining volatility. 12:39

Covered all ER2 Short @ 831.60 --> + 0.9 12:40

That's a +0.3 on one and +0.6 on each of the 2 initial contracts. 12:41

<szubaark> Another Volatility spike should appear soon as orders are getting clustered. 12:46

Hopefully to downside, Im Short. 12:51

Limit to Cover Short ES @ 1550 «« paper »» 13:08

* szubaark is now known as szubaark_away

<Brutus> 10/02/2007 13:22 *DJ Toyota Total Sept Sales Dn 4.4% Unadjusted 13:27

<X> #FuturesTrades Info -> Chat room for traders and intermarket analysis of Emini Futures (EMD, 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, XLE, QQQQ, SPY) 13:36

<Brutus> 10/02/2007 07:54 General Motors-GM 2pm September sales conference call 10/2 sponsor Co

10/02/2007 13:45 *DJ GM Reports 337,640 Sept Deliveries, Up 4 % Compared With 2006 13:46

<intowin> Long ES @ 1152.75 13:49

last shot for the day

lod stop

be back later

correction 13:50

Long ES @ 1552.75

<blp> short 34.00 add er2 14:03

out 1 er2 -.60 14:12

all out b/e er2 14:19

<intowin> Exited 1/3 ES Long @ 1556.50 --> + 3.75 14:20

<Brutus> nice one

<Tim_a> vn, intow

<intowin> thanks

got my wallet back again lol 14:21

<Nesi> looking stronger

feels to me ER probably aiming for 838 area

<intowin> exit stop set ES @ 1552.75 14:22

<szubaark_away> Covered all Short ES at 1555.25 --> 0 «« paper »» 14:23

<Nesi> i will register tonight.. nihab... great room and great website you have 14:24

probably first website where you show your statements

i have never seen anything like that

looks to me.. ER coiling a bit ...imo 14:25

<NihabaAshi> I just got back from some personal stuff. 14:26

<Nesi> feels ER will try to take day high now...imho

* sep34 is now known as sep34_away 14:27

<NihabaAshi> resistance area up here that ER2 is trying to fight through. 14:29

<Nesi> you have next resistance if it takes day high?

took it 14:30

<NihabaAshi> Long don't want to see too many long upper shadows up here in this price area 14:31

<Nesi> 837.50 feels like magnet for ER....imho...just my feel 14:33

<NihabaAshi> Shorts ER2 @ 835.80 -> small size 14:34

2 only

Not really bearish but worth the risk because its showing signs of "exhaustion". 14:35

That also means it can quickly regain it's energy and move higher.

Covered all ER2 Short @ 836.20 --> - 0.4 14:39

<Nesi> u were correct 14:40

now it feels to me... 838.50 area its possible..imho

<NihabaAshi> Long ER2 @ 837.00 -> small size 14:42

<Guest35179> short 836.80 14:43

out 836.60 +.2

<NihabaAshi> volatility is still there but ER2 not biting on it so far. 14:44

<Guest35179> short 836.90

<mhk> cover 837.40 -.5 14:46

<NihabaAshi> Exited all ER2 Long @ 837.60 --> + 0.6

<Nesi> feels like coiling a bit again to 838.50 839 area..imho 14:47

<NihabaAshi> We're within the upper price range of a big s/r zone of 838.20 - 818.00 14:51

<Nesi> i will short if ER hits 836.50, fwiw

if hits 837.60 i will go long..fwiw

short 836.80 with stop 837.60 14:53

i changed my mind

cover ER 836.60 14:57

buy ER 836.70 with stop 836.20

out 836.30 ... i was wrong 15:03

short ER 836.30

short YM 115 15:04

<NihabaAshi> volatility declining in ER2 15:05

<Nesi> cover YM 120 -5 15:08

<NihabaAshi> The DAX for most is one of the toughest trading instruments to trade after 1pm est.

Main reason why when I did traded it...I don't trade it into the afternoon est hours. 15:09

<Nesi> cover ER 836.80 FROM 836.30

-.5

<NihabaAshi> The only time its suitable for trading in the afternoon est session if there's a key market moving FED event. 15:10

<Nesi> BUY er 837

STOP 836.40 15:11

stopped out

done for day

<intowin> Exited all ES Long @ 1556 --> + 3.25 15:12

gonna wait to c what happens.. I dont like the momentum stop

<NihabaAshi> Shorts ER2 @ 835.90 -> small size 15:18

1 only

<intowin> lol my finger is on the trigger

<NihabaAshi> There's a good fight on low volatility in this price area.

volatility keeping my contract size at the minimum 15:19

volatility declining ,pre 15:22

meant more its declining

other key markets not supporting ER2 retest of 836.70 price 15:23

<mhk> short 836.6 15:24

out 836.20 +.4

<NihabaAshi> Prior intervals are so small on the low volatility...

My profit target if reached will be a few tick profitable WRB :( 15:25

<Nesi> may i ask what is your profit tgt?

<NihabaAshi> WRB 15:26

First Dark WRB to be specific

<Nesi> i will read your website to get the knowledge to be here :)

i dont want to ask question that already are in your site.. :)

<NihabaAshi> Basic information about WRB's are at http://www.thestrategylab.com/WRBAnalysi s.htm 15:28

<Nesi> thanks

<NihabaAshi> volatility still declining 15:29

I'm now expecting a volatility spike here soon.

Preparing to reverse my position if needed.

Covered ER2 Short @ 836.50 --> - 0.6 15:32

Reverse and Enter Long ER2 @ 836.50

3 on the Long 15:33

<intowin> short ES @ 1555.75

sorry long

Long ES @ 1555.75

had a short qued on mirc when I exited my earlier long lol 15:34

<Nesi> short YM 112

<Brutus> yeah I was thinking short look out of character :)

<NihabaAshi> volatility trying to dry up again after the small spike :(

<intowin> hehe I will be bearish soon 15:35

that big green spike from fed day will soon get filled

<NihabaAshi> Exited 2/3 ER2 Long @ 837.40 --> + 0.9

<Nesi> vn

<Brutus> whats your reason for that? 15:36

<intowin> many reasons but tech analysis tells me so

<Nesi> out 115 YM from 112 -3

<intowin> its like a gap

<Nesi> buy ER 837.60

STOP hard 837 15:37

<Brutus> k

maybe a runaway gap ?

<NihabaAshi> I got Oil supporting my Long but not Gold :(

<Nesi> imho..IF hits 838 er.. it probably fast spike to 839 or bit more..imho 15:38

<Brutus> like the fed rate cut in 98

<intowin> yep

<Nesi> if i am right i will be waiting at 838.80

<NihabaAshi> Exited Remainder ER2 Long @ 837.20 --> + 0.7 15:39

<Nesi> i got stop 15:40

<NihabaAshi> I needed to take that 837.20 to reach my profit goal for the trading day.

<X> #FuturesTrades Info -> Chat room for traders and intermarket analysis of Emini Futures (EMD, 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, XLE, QQQQ, SPY) 15:42

<Nesi> buy ER 837 again

<NihabaAshi> Gold looks like now it wants to join Oil in getting the key markets going in the same direction.

<Nesi> strong feel it will take 838

<intowin> Exited 1/3 ES Long @ 1557.75 --> + 2 15:45

<Nesi> nice job

<intowin> hopefully it will break out

<Nesi> come on ER... take that 838 wall..please

<NihabaAshi> I love to watch the battle when price is trying to take out prior key levels... 15:47

Good learning experience about supply/demand.

Everybody is a winner even when learning from a losing trade (long or short) at key levels. 15:48

We're also about 10 minutes away from the infamouse 4pm price spikes 15:49

<intowin> Exited all ES Long @ 1557 --> + 1.25 15:53

<mhk> short 837.6

<Nesi> out ER 837.40 15:54

<intowin> done cu guys in the afternoon tomorow

<Brutus> cu

<Nesi> thanks all 15:56

<mhk> out 836.40 +1 16:01

<Brutus> ============ U.S. MARKETS ACTION =========== 16:05

DJIA down 38.45 points to 14049.10

NASDAQ up 5.63 points to 2746.62

S&P 500 down 0.46 points to 1546.58

10-year T-note up 7/32 at 103 18/32 yield 4.773

NYMEX Spot Crude up $0.25 at $80.30/bbl at close

Dollar/Euro down 0.0077 at 1.4155

http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={9f7a1 e1d-88ab-4c05-ac81-4fdc274d6a16}

<NihabaAshi> Treasury futures did well today...may get some Longs into thinking they can retest the September highs. 16:08

Russell 2000 Emini ER2 futures trade management via intermarket analysis involving Oil, Gold and other key markets allowed me to reach my goals today. 16:39

Take care all and see all tomorrow

* NihabaAshi is now known as NihabaAshi_away

* DisconnectedSession Close: Tue Oct 02 16:43:54 2007 16:43

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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)

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