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#FuturesTrades October 4th Thursday 2007 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+15.10	+51.70	+2722.20
$1,510	$5,170	$272,220

Profitable Trade

1002am - 1016am est

Losing Trade

1321pm - 1323pm 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 price action was actually the result of yesterday's key WRB price action.

Other than that, I will continue saying the following regardless if you understand it or not...

Key market events move the markets and you don't need to understand the merits of the economic numbers, speeches et cetera.

All you need to do is study how the price action of your trading instrument reacts to those key market events to exploit a path to consistent profits.

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: Thu Oct 04 08:33:00 2007Session Ident: #futurestrades

* Now talking in #futurestrades 08:33

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

<intowin> short ES @ 1554 08:45

scaling into a short thats just one

<Brutus> Expecting a large down move IT ? 08:48

<intowin> hoping more like it

but yeah feels like it

<Brutus> Your trades are mostly determined prior to market open? 08:49

<intowin> if I am not able to be around during the morning session I will enter pre market. Today I will be out til about 1pm 08:50

<Brutus> ok crop spraying ?

<intowin> yepper 08:51

<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) 09:06

<werner> gm niha,all 09:15

<Dmi76> gm all 09:16

<Bambam-77> looking for a pop to 1555.50 09:24

* Fleneer2 is now known as Fleneer

<Bambam-77> 5 min chart upper keltner trgt 120 x7.2 settings 09:25

trend up for now

* subq market profile charts for today 09:26

http://www.charthub.com/images/2007/10/0 4/er2_rth_mp.png 09:27

http://www.charthub.com/images/2007/10/0 4/es_rth_mp.png

<Bambam-77> 836.10 is what i would like er to hit

* subq http://www.charthub.com/images/2007/10/0 4/nq_rth_mp.png

http://www.charthub.com/images/2007/10/0 4/ym_rth_mp.png

<Bambam-77> a rtrc to 51.25 posible 09:28

<PapaJon> gm all 09:29

<ripsboy> good morning all... 09:30

<Bambam-77> protecting longs 09:32

<NihabaAshi> Shorts ER2 @ 833.60 -> large size

<Bambam-77> stp 51.75

<intowin> gotta run.. I have an order in to add to my short at 1556 and 1558

<Bambam-77> b er 32.3 09:34

stp 31.30

<bandr> short er 32.70 09:36

<les> Shorts ER2 @ 832.1 «« paper »»

<szubaark> Shorts ES @ 1552 «« paper »»

<NihabaAshi> Covered 2/3 ER2 Short @ 832.20 --> + 1.4

Trading Edge:
Strategies
If your an independent trader looking for an edge to help you traverse around obstacles to profitable trading...a method that's well defined, gives you a better understanding of the markets, applicable for day trading, position trading, swing trading, market seasonal tendencies, position size management, intermarket analysis with a money back guaranteed policy...click here.

Trading Strategies ->   Strategies used by NihabaAshi, from entry to exit, exploit inefficiencies in the price action for profits of the following trading instruments via WRB Analysis and Intermarket Analysis: Emini Index Futures (EMD, ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Index Derivatives (DAX, ESTX50), Euronext Index Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Energy Futures (CL, NG, HO, QM), COMEX Metals Futures (GC), Forex Currencies (EurUsd, EurYen, UsdCdn), Exchange Traded Funds (DIA, GLD, OIH, IWM, QQQQ, SPY, XLE) and Hang Seng Index Futures (HSI)

<Bambam-77> t1 away 09:37

<ymER2> short TSE canada index 822, size

<les> Covered all ER2 Short @ 833.2 --> - 1.8 «« paper »» 09:38

<NihabaAshi> Covered Remainder ER2 Short @ 833.30 --> + 0.3

<les> oops

<Bambam-77> stp 32.40 runners

t2 away

er @ 33.8 09:39

<les> wrong exit 09:40

Covered all ER2 Short @ 833.1 --> - 1 «« paper »»

better

Shorts ER2 @ 833 «« paper »» 09:41

Covered all ER2 Short @ 832.9 --> + 0.1 «« paper »» 09:42

no good

Shorts ER2 @ 832.1 «« paper »» 09:43

<Guest35179> short 832 09:44

out 831 +1

<szubaark> Covered 1/2 Short ES at 1550.50 --> + 1.5 «« paper »» 09:45

exit stop moved to breakeven ES @ 1552 «« paper »»

<ymER2> TSE canada index buyback 819+3

<bandr> out 30.70 + 2 er

<les> Covered Remainder ER2 Short @ 830.8 --> + 1.3 «« paper »» 09:46

Shorts ER2 @ 830.7 «« paper »» 09:47

<szubaark> Minor Support here 09:51

<Guest35179> short 830 09:54

out 829.30 +.7 09:55

<szubaark> Covered all Short ES at 1549 --> + 3 «« paper »» 09:56

<Guest35179> long 829.30

<Brutus> 1000/1400 Aug Factory Orders

Total Orders -2.4% +3.7%

<Guest35179> out 829.80 +.5 09:57

<les> Covered all ER2 Short @ 829.4 --> + 1.3 «« paper »»

<Nesi> hi all 09:59

<NihabaAshi> weak support here and its a 10am est key economic report release time 10:00

<Nesi> short ER 830.50

late post

<pdays> Factory orders -3.3 est -2.8 10:01

<Guest35179> short 829.50

out 829.20 +.3 10:02

<Nesi> sold one c at 829.80

<Brutus> Long ER2 @ 829.3 «« paper »»

<Nesi> holding rest

<NihabaAshi> Long ER2 @ 829.80 -> small size

2 only

<Brutus> Exited ER2 Long @ 829.3 --> 0 «« paper »»

<Guest35179> short 830 10:03

<les> Long ER2 @ 830.2 «« paper »» 10:04

<Guest35179> out 830.30 -.3

<Brutus> Shorts ER2 @ 830.7 «« paper »»

<szubaark> Buys ES @ 1549.50 «« paper »»

<werner> maybe v shape 10:05

<Nesi> out last c flat at 830.50

<Brutus> Covered 1/2 ER2 Short @ 830.6 --> + 0.1 «« paper »»

Covered all ER2 Short @ 830.4 --> + 0.3 «« paper »» 10:06

<Guest35179> short 830.6 10:07

<Nesi> buy ER 830.60

stop 830

hard stop

<NihabaAshi> Gold and Oil trying hard to give me soe support on this Long position. 10:08

<Guest35179> out 830.3 +.3

<NihabaAshi> If they fail...I'll dump my position.

<les> Long ER2 @ 830.9 -> Add «« paper »» 10:09

<NihabaAshi> Exited 1/2 ER2 Long @ 831.20 --> + 1.4 10:10

<Nesi> out ER 831.30 from 830.60

<NihabaAshi> Gold and Oil still trying to push higher... 10:11

Eurex DAX has now joined the party.

<ItalianSharp> tradestation not working again 10:12

<werner> mm ts down?

<szubaark> Exited 1/2 Long ES at 1550 --> + 0.5 «« paper »»

<Tim_a1> got the mIRC notice that 30 day eval is over - do you have to register it for it to keep working?

<szubaark> exit stop moved to breakeven ES @ 1549.50 «« paper »»

<werner> ym pls?

<NihabaAshi> Tim...yes

<Tim_a1> thx 10:13

<bern> 14042

<werner> tx

<bern> yw

<NihabaAshi> You can ignore it I think and it will continue working but you will see that message a lot.

<Brutus> yes I just click continue after 5 secs

<Tim_a1> ? brutus? 10:14

<wizardofrijnsaterwou> ym?

<werner> wiz?

<Tim_a1> you mean it gives you a popup?

<bern> 46 10:15

<werner> tx

also down wiz?

<Brutus> only on startup - click continue it works fine 10:16

<bern> 48

<les> Exited 1/2 ER2 Long @ 832 --> + 1.1 «« paper »»

<wizardofrijnsaterwou> y

<werner> :(

<NihabaAshi> Exited Remainder ER2 Long @ 832.00 --> + 2.2

<bern> 50

<Nesi> vn Niha

i cant type much and i did not register because i have carpal tunnel syndrome and it hurts to much 10:17

<szubaark> Some Resistance here showing up 10:18

* ymER2 short TSE canada 821

<base> GM all 10:19

<werner> ym? 10:20

<bern> 46

<NihabaAshi> Nesi...are you now using egornomic key board - mouse and ergonomic mouse pad ?

<werner> tx bern

<Nesi> yes, but its too late now...

<NihabaAshi> You already had surgery ? 10:21

<bern> 52

<Nesi> on the 24th , the doctor will tell me

i dont want to have surgery

<NihabaAshi> Ok

<Guest35179> short 831.80

<bern> 46

<werner> :)

<Nesi> short ER 831.50 10:22

kinda gamble play

<NihabaAshi> Was it computer work or another job that gave you CTS ?

<Nesi> yes.. 12 years full time typing...etc

i have too much passion for this game

<Tim_a1> i had that 10 years ago, the osteopath tried a 'chiropractic-like' solution, as osteopaths have slightly different training than mds - bottom line, problem gone in 2 days

<Nesi> and now i am paying the price

<Guest35179> out 831.30 +.5

<bern> 46

<Nesi> thx Tim, i will research your info..thanks 10:23

<Tim_a1> have gone to a chiroprater perhaps 3 times since - but problem solved

<werner> grrrrr ts still down

<Tim_a1> no pain at all for years at a time

<bern> 43 10:24

<Tim_a1> and none now

<NihabaAshi> My spouse is a former occupational therapists...

<Nesi> thanks guys for info

<NihabaAshi> She's always checking out my body posture at the computer a few times per day :)

<Tim_a1> you're problem may be different, but i'd sure as heck try what i did

<bern> 42 10:25

<NihabaAshi> One thing she got me to stop doing many years ago was to keep my hand "OFF" the mouse and keyboard when I'm not doing any thing except looking at the charts on the monitor.

<bern> 48

<NihabaAshi> I also do wrist exercises a few times per day at the computer. 10:26

<Tim_a1> that's a good idea

<Nesi> exactly my problem...always my hands on keyboard and mouse

<les> exit stop raised ER2 @ 830.6 «« paper »»

i play the guitar a lot...

starightens out the wrist stuff nicely

<bern> 41 10:27

<les> trouble is if u overdo the guitar Left hand..

<Guest35179> short 803.90

<les> u can end up with CTS as well :(

Trailing Stop Hit ER2 @ 830.6 --> + 0.4 «« paper »»

<bern> 38 10:28

<Guest35179> out 803.3 +.6

<Tim_a1> i'd always been told that chiropraters were quacks, i expected surjury, ended up with osteopath instead of md purely by chance

incredible luck for me 10:29

<werner> tx bern :) ts ok now

<bern> you are welcome

<Nesi> out ER 830.50 from 831.50 +1 10:30

<Guest35179> long 830.70 10:31

out 831.70 +1 10:32

<Nesi> vn

<NihabaAshi> So far Oil liking the 1030am EIA Natural GAS report

<Tim_a1> ym's spent an unudual amount of time in 30 to 50 range 10:33

<les> Long ER2 @ 831.8 «« paper »»

<Tim_a1> usually much mor buoyant

<bern> nq also at tight range

looks like es wants up but nq and ym not 10:34

* ymER2 add more short TSE Candada index 822 10:36

<les> Long ER2 @ 831.3 -> Add «« paper »»

<Guest35179> short 832.20 10:37

out 831.70 +.5 10:38

<Nesi> buy ER 832

<les> 32.2 is important resistance

if it breaks, watch for HOD test :)

<Nesi> feels to me it will take it..imho

<Guest35179> short 831.90

* bern is now known as bern_away 10:39

<Guest35179> out 832.20 -.3

<les> go boy

<Guest35179> short 832 10:40

<NihabaAshi> Long ER2 @ 831.90 -> small size

trying something new here.

<Guest35179> out 831.90 +.1

<NihabaAshi> However, last few days these new type of setups have performed poorly. 10:41

<Tim_a1> it's been an odd market since yesterday noon

<les> Exited 1/2 ER2 Long @ 833 --> + 1.7 «« paper »» 10:42

<Nesi> sold ER from 832 at 833

<Guest35179> short 833 10:43

<les> exit stop raised ER2 @ 831.4 «« paper »»

<Guest35179> out 832.7 +.3

<Nesi> buy ER 833 10:44

<les> exit stop raised ER2 @ 832 «« paper »»

<Nesi> sold 833.50 er

<NihabaAshi> Exited Remainder ER2 Long @ 833.50 --> + 1.6 10:45

<Guest35179> short 833.70

out 833.30 +.4 10:47

<szubaark> Exited all Long ES at 1552.50 --> + 3 «« paper »» 10:48

almost got my Stop by 1 Tick.

<Guest35179> short 834.50 10:49

out 835. -.5 10:50

short 835.30

<les> exit stop raised ER2 @ 834.5 «« paper »»

Trailing Stop Hit ER2 @ 834.5 --> + 2.7 «« paper »»

<Guest35179> out 834.4 +.9 10:51

<Tim_a1> unusual for ym to lag so

almost wondered if it went down again

<Guest35179> short 835

<NihabaAshi> weak resistance in this price area 10:52

<Guest35179> out 835.3 -.3 10:53

<szubaark> Shorts ES @ 1553.25 «« paper »»

<NihabaAshi> Shorts ER2 @ 835.60 -> small size

1 only

<Guest35179> short 835.70

<NihabaAshi> trying something new again 10:54

<Guest35179> out 836 -.3

short 836

out 835.4 +.6 10:55

<NihabaAshi> Things going oso well today...I'm going to next try throwing a dart at some ER2 prices taped to my dart board :) 10:56

<les> Shorts ER2 @ 835.2 «« paper »»

<Guest35179> short 835.2 10:57

<NihabaAshi> Covered ER2 Short @ 835.20 --> + 0.4

<szubaark> exit stop set ES @ 1555 «« paper »»

<Guest35179> out 834.60 =.6 10:58

<NihabaAshi> I'm $10 bucks away from reaching my profit goal for the day.

<Guest35179> short 835 11:00

out 834.3 +.7 11:01

<les> Shorts ER2 @ 834.4 -> Add «« paper »»

<Guest35179> short 834.80 11:03

* ymER2 add short TSE Canada index 823 11:06

<les> Covered all ER2 Short @ 834.8 --> 0 «« paper »» 11:08

<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) 11:12

<les> Shorts ER2 @ 834.3 «« paper »» 11:14

<Guest35179> out 834.2 +.6

<NihabaAshi> Anybody know what the Dollar Index Futures symbol is in eSignal. 11:16

Current symbol no longer valid after the Dollar Index moved over to ICE exchange

<Guest35179> short 835

<NihabaAshi> My guess is that eSignal has not started following the ICE exchange

That symbol will complete my re-doing all my "intermarket analysis" info I use for trading ER2 after eSignal reconfigure my symbols in QCharts and Futuresource several weeks ago :( 11:19

<les> u switched over to esignal niha?

<NihabaAshi> No

I use QCharts and Futuresource

eSignal bought them out :(

<les> ah 11:20

<NihabaAshi> About 1 1/2 years ago.

<les> so u think that symbol in esig will be same for QC and FS?

<NihabaAshi> However, a few weeks ago the eSignal gang decided to change all the symbols in Qcharts and Futuresource for the new software versions.

Yes...they are all in tune now. 11:21

<les> i'm in a trade now...

<Guest35179> out 834.6 +.4

<les> will look up for you afterward

<NihabaAshi> Those using the new versions of QCharts and Futuresource are now using the same symbology as eSignal chart users.

<les> have they not provided a lookup source yet? 11:22

<Guest35179> short 835.2

<NihabaAshi> Anyways, for many trading days I was missing important info that helps with my trading of ER2 due to the symbology changes.

Got everything up to speed now except for US Dollar Index Futures. 11:23

<szubaark> how many monitors u look at?

<NihabaAshi> Two

<Guest35179> may try to break 836 soon

<NihabaAshi> On my primary system that's hooked up to a wide screen laptop. 11:24

My backup system is in the other room via two computers with 3 monitors on each.

That use to be my primary system (2 computers) until the kids were born.

<les> niha.. 11:25

<NihabaAshi> I now need to be more portable around the house when trading :)

<les> have u tried looking up the symbol on their website?

<NihabaAshi> Yeah...gives me the old symbol thats not valid anymore.

<les> symbol directory section

<NihabaAshi> Someone asked a question at their forum and it hasn't been answered yet.

<les> oh, right... gues thats what i'll get too 11:26

<base> NihabaAshi: Without problems to fit on a single laptop screen insted of the six monitors setup? :)

<NihabaAshi> I also have a condensed workspace version for trading via just the wide screen laptop itself... 11:27

For example when I'm trading outside.

Or at someone's house 11:28

<szubaark> u ever traded in a hotel room?

<NihabaAshi> Once

<Guest35179> out 834.70 +.5 11:29

<les> keeps trying to brk down, meeting fierce support @ 34.5 11:30

watch it cook when it breaks :))

<szubaark> yup second push down since High of day.. 11:31

<NihabaAshi> I've traded from an Internet Cafe, hotels in different countries, in a car, RV (friend of my spouse), patio, shed where the lawn mower is stored, trading pal house, hospital, in bed while a little sick and on the toilet

:)

<szubaark> hahaha... 11:32

<NihabaAshi> Laptops are great for stuff like that :)

<Tim_a1> laptop is the way to go

<les> o corse it might be gearing up to hit the HOD :) 11:33

<szubaark> yes u never know les 11:35

<Guest35179> short 835.4

feel like a risky zone to the upside but we'll see 11:36

<les> i think that depends on whether the ohter eminis follow er2 upwards...

they dont seem like doing that righht now

<Guest35179> i'm watching those too 11:37

<szubaark> Covered all Short ES at 1553 --> + 0.25 «« paper »» 11:38

dont like my Original entry now as Stop was too wide

<Guest35179> out 834.80 +.6 11:39

<szubaark> Buys ES @ 1553 «« paper »»

<Guest35179> long 833.6 11:59

<szubaark> Exited all Long ES at 1551 --> - 2 «« paper »» 12:04

<Guest35179> out 833.2 -.4

<les> Covered all ER2 Short @ 833.4 --> + 0.9 «« paper »»

done for today

cya all tomorow

<Brutus> c4 3es 12:05

cu les

<les> :)

<szubaark> Buys ES @ 1552.25 «« paper »» 12:20

* codehead_afk is now known as codehead 12:35

<Nesi> buy ER 835 12:55

<szubaark> Exited all Long ES at 1552.25 --> 0 «« paper »» 13:00

<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) 13:18

<NihabaAshi> Long ER2 @ 833.70 -> small size

2 only and after this trade I will go to 1 contract only for the remainder of the day 13:19

Exited all ER2 Long @ 833.10 --> - 0.6 13:21

Long ER2 @ 833.70 -> small size 13:23

tried again

Exited ER2 Long @ 834.60 --> + 0.9 13:29

<Nesi> buy 1 more ER 835 13:33

<Brutus> Shorts ER2 @ 834.9 «« paper »»

Covered 1/2 ER2 Short @ 834.4 --> + 0.5 «« paper »» 13:34

Covered all ER2 Short @ 834.4 --> + 0.5 «« paper »» 13:36

<Tim_a1> ym seems married to 30-50 13:47

<ItalianSharp> yes tim...that's why i decided to stay out until it breaks out for good...either catching up with other eminis or other eminis catching up with YM 13:49

keep in mind tomorrow is NFP day...a very awaited important number so chop thru tomorrow is a possibility

<Tim_a1> this morning's drop into that range was like a magnet 13:50

<intowin> good grief Charley Brown. Been gone five hours and we are only 2 pts from where I entered?

looks like I didnt get any additional short fills. Moving my stop to B/E 13:51

<Brutus> ic potential for ES to Test or Break HOD 13:53

<intowin> expected a better drop by now, but still leaning short to me 13:54

<Tim_a1> i think italiansharp has it right, standing aside - ym has rejected a near record number of buy signals, but hasnt been a good short either 13:55

<intowin> yes very little range today 13:56

I think folks are waiting for tommorows unemployment report 13:57

<Tim_a1> some people can range trade, but i'm not one of them - seems like BANG! off and running as soon as i try

<Brutus> Gap up and selloff after NFP... a possibility 13:58

<Tim_a1> nfp?

<Brutus> non farm payrolls , wont say anyhting rude :) 13:59

Long ER2 @ 834.1 «« paper »» 14:08

Exited all ER2 Long @ 834.1 --> 0 «« paper »» 14:10

<Tim_a1> odd for it to be soo dead this time of day 14:13

<ItalianSharp> its NFP time baby 14:14

and we got columbus day coming up monday

<Brutus> Long ER2 @ 832.9 «« paper »» 14:23

Exited ER2 Long @ 833.1 --> + 0.2 «« paper »» 14:31

<szubaark> also just got back.. Price same when i left at 12..zzzzzz 14:33

<intowin> yep I have my b/e stop in gonna take a break. this is too boring 14:35

<szubaark> just think being on the floor of the CME like those guys and watching this.. Nuts. 14:36

keep the money..LOL

* bern_away is now known as bern 14:37

<bern> i did not miss a lot of action :)

<szubaark> by the way i live close to chicago and been there on the cme floor floor a few times, Sucks.

Ive seen some of those guys with MACD,STochastic on their computers, maybe setup as a Decoy for the visitors. 14:38

<ItalianSharp> szu, is it free to visit the CME? or do you need to be a special guest or something? 14:42

<szubaark> its Free. 14:47

But Chicago (Downtown) is Very Expensive (parking,food,hotel,taxi). 14:48

<Tim_a1> lived breifly downtown chicago, huge ordeal to go anywhere or do anything 14:50

<ItalianSharp> i've been to chicago a few times and stayed at teh hilton and hyatt...can't remember how expensive it was...also because i wasnt paying for it..:) 14:51

<Tim_a1> nor was i - whole thing on an expense account

parking there is a privilage, not a right, and you get panhandled every time you stop your car 14:52

cant even fill your tank at the punp without getting panhandled 14:53

<ItalianSharp> wow...sounds like downtown here in italy

<Tim_a1> where in italy? 14:54

<ItalianSharp> lots of bums and gypsies

a small town near genoa

<Tim_a1> i was in rome 5 years ago - amazing place

<ItalianSharp> watching these charts is like watching paint dry...or even worse, watch the dolphins offense attempt to put up a decent drive...:) 14:55

<base> lol 15:04

<Tim_a1> first time there's been 3 consecutive down days on dow for almost 2 months 15:10

if that's how it closes today 15:11

<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) 15:21

<Brutus> Long ER2 @ 833.3 «« paper »» 15:23

Exited ER2 Long @ 833.1 --> - 0.2 «« paper »» 15:29

<Tim_a1> 3:30 lift, right on schedule 15:33

<Nesi> feels to me ER will close above 836.10 day high 15:38

still holding 2

<Brutus> NQ near HOD ER is not making any progress 15:41

<intowin> time to wakeboard. I am taking my fifty bucks and leaving lol.

Covered all ES Short @ 1553 --> + 1

might buy me 2hrs of waketime

cu guys tommorow 15:42

<Brutus> cu 15:43

<rainer> Long YM @ 14033 15:49

Exited all YM Long @ 14043 --> + 10

Sorry I´m late 15:50

<Nesi> lets see last 10 minutes

i need some luck for a good spike

<NihabaAshi> Nesi...there will be a "guaranteed" spike around 4pm est. 15:53

<Nesi> serious :)

<NihabaAshi> High probability for a spike

<Nesi> i like that better....you know nothing is 100 % sure in this game :) 15:54

i have 2c at 835.10

holding

<Tim_a1> any thoughts on direction nih? 15:55

<Nesi> NQ better

come on ER

push push :) 15:58

<NihabaAshi> Bullish via intuition of a bullish price action I see...

Long ER2 @ 834.20 -> small size

1 only

<Nesi> gooo :)

RIMM numbers after hours..fwiw 15:59

there it is...Niha 16:00

the spike

<Tim_a1> as you said

<NihabaAshi> Exited ER2 Long @ 834.70 --> + 0.5

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<Brutus> goog call

spike to do with NFP Niha? 16:01

<NihabaAshi> I usually try to take a quick profit on that type of trade because all my market breadth stuff stop giving data at 4pm est.

Thus, I lose a lot of tools to properly manage the trade. 16:02

Brutus, you talking about the tomorrow pending 0830am est report ? 16:03

<Nesi> i am about to get out soon

<Brutus> no the expected spike in ER

to do with NFP?

<NihabaAshi> What's NFP ? 16:04

<Nesi> RIMM out

<Brutus> 0830 NFP news

<Nesi> good numbers it seems

may help ER

<NihabaAshi> Ok...no...I wasn't aware about that.

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

DJIA up 1.22 points to 13969.11

NASDAQ up 3.40 points to 2732.83

S&P 500 up 2.94 points to 1542.53

10-year T-note up 10/32 at 101 24/32 yield 4.524

NYMEX Spot Crude up $1.50 at $81.44/bbl at close

Dollar/Euro up 0.0043 at 1.4135

http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={15f1e 0e5-ee9c-4c52-b58f-e229e2d014e9}

<Nesi> out one ER at 835

<NihabaAshi> Thanx Brutus

<Nesi> out last er 834.60 for small loss 16:06

i am done for day...thanks all , have a great day :)

<Brutus> 10/04/2007 16:06 Research in Motion-RIMM reports Q2 EPS of 50c vs. consensus of 49c - Reports Q2 revenue of $1.37B vs. consensus of $1.36B. 16:09

* NihabaAshi is now known as NihabaAshi_away 17:04

* DisconnectedSession Close: Thu Oct 04 17:26:24 2007 17:26

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