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#FuturesTrades October 11th Thursday 2007 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+22.20	+119.20	+2789.70
$2,220	$11,920	$278,970

Profitable Trade

1426pm - 1428pm est

Losing Trade

1415pm - 1416pm est

click on image to view actual size

Current Performance Record

Key Trades of the Day (see chat log below)

Profit/Loss Statement

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 11 09:28:35 2007Session Ident: #futurestrades

* Now talking in #futurestrades 09:28

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

<eminitrader> hi pat :)\

<szubaark> gm

<NihabaAshi> Good morning all 09:29

<werner> gm niha ,all

<intowin> gm guys.. I have some work to do this am. have a buy order in at 1575 with a 1 pt stop. Hard to trade when I am not here though lol

<Dmi76> gm all 09:30

<pat255> hmm gaps fill...?

<intowin> hard to believe this market is just one way lateley

<pat255> y

<szubaark> hi pat 09:31

<les> agree - we due for some hefty correction

<pat255> hi szu 09:32

<eminitrader> high probability is that will not be till after 1620-1640 is tested on the ES

<pat255> mama mia ...hmm em way up ther 09:33

<eminitrader> may see some minor pullbacks ...but major will prolly happen after that area is tested

<pat255> u prolly right ..

<les> similar on er2 i think..

cept we about 4 pts below the altime high

means correction sooner, or a lotta sideays for some time

<NihabaAshi> Shorts ER2 @ 854.40 -> medium size 09:34

<eminitrader> hope not those creepy uptrends :)

<NihabaAshi> be careful here...its already spooked me a few times.

<pat255> hard to take S with these moves .. 09:35

traders are piling in to go L.. 09:36

<les> Shorts ER2 @ 854.2 «« paper »»

<NihabaAshi> Currently I have no support from other key markets to help with my Short.

<bern> 1030 et Crude Oil Inventories 1045 et Fed Governor Kroszner speaks

<NihabaAshi> That'll make it an easy position reversal if it moves quickly against me.

Covered ER2 Short @ 854.90 --> - 0.5 09:37

Reverse and Enter Long ER2 @ 854.90

<eminitrader> Shorts ES @ 1581 09:38

<NihabaAshi> Exited all ER2 Long @ 855.30 --> + 0.4 09:42

<eminitrader> Covered all ES Short @ 1582.50 --> - 1.5 09:43

Shorts ES @ 1582 09:44

<NihabaAshi> Shorts ER2 @ 855.10 -> medium size

<les> Shorts ER2 @ 853.9 -> Add «« paper »» 09:45

<NihabaAshi> I now got some support from other key markets on my Short

<les> Covered 1/2 ER2 Short @ 852.8 --> + 1.1 «« paper »» 09:46

<eminitrader> Covered 1/2 ES Short @ 1580 --> + 2 09:47

<szubaark> Shorts ES @ 1580 «« paper »»

<NihabaAshi> Covered 3/4 ER2 Short @ 852.90 --> + 2.2

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)

<pat255> vn guys on S

<les> Shorts ER2 @ 852.9 -> Add «« paper »» 09:48

<NihabaAshi> some support here...not much but maybe enough to attract some Longs. 09:51

<les> less likley to hold with so much resistance above this area

Covered 1/2 ER2 Short @ 852.1 --> + 0.8 «« paper »» 09:56

<eminitrader> Covered 1/3 ES Short @ 1579 --> + 3

<pat255> vn em ..

<eminitrader> holding 2

thx pat

<Tim_a1> nice em 09:57

<eminitrader> thx T 09:58

still think might test 1577 ...before getting some kind of support 09:59

<NihabaAshi> so far the current 2min interval is a volatility spike :(

Covered Remainder ER2 Short @ 854.50 --> + 0.6 10:00

<Brutus> Nice trades guys NQ HOD

<eminitrader> Covered Remainder ES Short @ 1581 --> + 1

<pat255> wow ...no gap fill

<eminitrader> is this mrkt strong or what..finding buyers at every price level:)) 10:01

<werner> yep 10:02

<eminitrader> Long ES @ 1581.50

<NihabaAshi> That 0958am - 1000am est 2min interval was a volatility spike (expanding volatility) and a volatility breakout. 10:03

volatility breakouts usually occur before traditional swing point breakouts. 10:04

...regardless if the swing point breakout fails soon afterwards.

<base> GM all 10:06

<bern> nq trying hard dax not helping 10:09

<eminitrader> Long ES @ 1581 -> Add

now holding 5 10:10

Exited 2/3 ES Long @ 1581.50 --> + 0.5 10:13

avg is around 81.25..

holding 2

<bern> euro up strong last 20min 10:14

<eminitrader> Exited Remainder ES Long @ 1581.25 --> - 0.25 10:16

<szubaark> ES in a Tight, Pause 2 Point Range since Opening

<NihabaAshi> Reminder: We got a 1030am est EIA Petroleum Status report. 10:18

<pat255> y ty N

<bern> is Fed Governor Kroszner speech somehting that could increase volatility also? 10:20

<NihabaAshi> DArk Hammer Line...be careful. 10:22

<bern> timeframe?

<Dmi76> i see it on 2 min chart 10:23

<bern> yes i see thanks dmi

<eminitrader> Long ES @ 1580.50 10:24

5 lot 10:25

<Dmi76> Long ER2 @ 855.20 10:26

<Brutus> 1030/1430 Oct 5 US Energy Dept Oil Inventories 10:27

Crude Oil Stocks (in barrels) +1.2M

Gasoline Stocks (in barrels) -100K

Distillate Stocks (in barrels) -1.2M

1045/1445 Fed Gov Kroszner speaks on "Consumer Protection and Other

Roles of the Fed" at the National Bankers Assn annual

convention in Durham, N.C

<Dmi76> Exited all ER2 Long @ 855.60 --> + 0.4 10:28

<NihabaAshi> Long ER2 @ 855.80 -> small size 10:29

trying something new...1 only

<eminitrader> Exited 1/3 ES Long @ 1582 --> + 1.5

holding 3

<les> Long ER2 @ 856.4 «« paper »» 10:31

<NihabaAshi> WRB pt1 reached...will try to get more.

Exited ER2 Long @ 855.90 --> + 0.1 10:32

:(

<Dmi76> do you mean wrb with high 856.4 on 2 min chart?

<NihabaAshi> Nature of swing point breakouts :(\ 10:33

<eminitrader> Exited 1/3 ES Long @ 1582.50 --> + 2

holding 1

<NihabaAshi> WRB (at the time of its development) was 856.40

The high was 856.70 10:34

<Dmi76> thnx

<les> Exited all ER2 Long @ 855.5 --> - 0.9 «« paper »»

<eminitrader> Long ES @ 1581 -> Add 10:36

<NihabaAshi> dropped too fast before I could get short :(

<Tim_a1> failed breakouts are hard to catch 10:37

<NihabaAshi> Gold still creeping higher. 10:44

Oil is in a flat market

<eminitrader> Exited 1/2 ES Long @ 1583 --> + 2 10:45

holding 3

<NihabaAshi> Shorts ER2 @ 856.60 -> small size

2 only 10:46

trying something new again

<eminitrader> looks like a creeper uptrend on the ES

<pat255> y 10:47

<Brutus> nah I like Nihas short ER pos HOD

<NihabaAshi> Most of the key markets didn't support that price spurt around 1045am est

Covered all ER2 Short @ 855.40 --> + 1.2 10:48

<Brutus> good entry I didnt get a fill at 856.5 10:49

<NihabaAshi> Grabbed a WRB pt1 exit especially after I got nailed for trying to get greedy in that prior Long position.

Brutus, had I not hesitated I could have gotten 856.80 as soon as I noticed no support for that price spurt. 10:50

<pat255> yup N missed the S...dang was slow . 10:51

hesiated ..still not trying to S ..

but em has got the right ditection

<Brutus> k, YM also diverging and showing signs of weakness 10:52

<eminitrader> ym showing wekness ..u got to be kidding ? 10:56

not as of now..

<Brutus> Was from waht I watch but may be consilidating and finding support now 10:58

<eminitrader> well B u never know...two views...guess thats what makes the mrkt :) 11:01

<Tim_a1> looks like a 'stand aside' to me 11:02

most days hidsight shows me the best entries

i try to forece myself to wait for them 11:03

<NihabaAshi> So far, today's price action is setting up to be a day of "contracting volatility". 11:04

If it completes the day like that (contracting volatility)...

<Tim_a1> spx daily seems to be a 'rising wedge' 11:05

<NihabaAshi> I'll be looking for a trend day or strong price movement in the morning tomorrow, next Monday or Tuesday.

Someone once asked in here many months ago how to tell when trend day's are most likely to occur... 11:06

That's the answer I gave then and now.

Contracting Volatility is a precursor to TREND

<eminitrader> Exited ES Long @ 1581 --> + 0.5 11:10

Reverse and Enter Short ES @ 1581

<NihabaAshi> Thus, don't let anyone brainwash you into thinking you can't determine when a TREND day is most likely to occur :) 11:11

<eminitrader> will add till 83 11:12

u were right B...selling pressure increasing now 11:14

<NihabaAshi> volatility spike right now

<Brutus> thx 2 scenarios we go down now or watch for a narrow consilidation till the afternoon and then there will be a big breakdown past gap fill 11:16

<Nesi> hi all 11:28

<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)

<les> Long ER2 @ 854.1 «« paper »» 11:33

<eminitrader> Shorts ES @ 1582 -> Add 11:38

<les> Exited 1/2 ER2 Long @ 855.1 --> + 1 «« paper »» 11:39

<base> nice les 11:42

<les> holding 1 more

Exited Remainder ER2 Long @ 854.9 --> + 0.8 «« paper »» 11:43

<Tim_a1> a very prickley day, it just doesnt want to give up anything 11:50

<NihabaAshi> Overall volatility is still declining since 10am est 11:54

<les> Shorts ER2 @ 855.5 «« paper »» 11:56

* codehead_afk is now known as codehead 12:00

<Brutus> 10/11/2007 12:00 *DJ US Govt Posted $162.83 Bln Total Deficit In FY 2007

well they got my stop at 1583.75 :( it might turn out to be a double top 12:03

<eminitrader> Shorts ES @ 1583 -> Add

now holding 5

<Brutus> poor stop placement 12:04

<eminitrader> avg 1582.125

<Guest35179> 855.90 short 12:05

<eminitrader> was it hod 12:06

<Guest35179> out 855.4 +.5

<Brutus> 1583.75 ye/SS

yep

<eminitrader> bad luck

<les> Shorts ER2 @ 855.7 -> Add «« paper »»

Covered 1/2 ER2 Short @ 854.9 --> + 0.8 «« paper »» 12:10

Covered Remainder ER2 Short @ 854.6 --> + 0.9 «« paper »» 12:13

done today 12:14

cya all tomorrow

<eminitrader> be back..stops in 1584 12:20

<Guest35179> short 856.2 12:25

out 855.9 +.3 12:27

short 856.6

out 856.1 +.5 12:28

<szubaark> ok.. Overnight High Stops just got popped..lets see what now 12:31

<NihabaAshi> Long ER2 @ 857.20 -> small size 12:33

:( 12:38

Exited all ER2 Long @ 856.50 --> - 0.7 12:43

ooops

will correct

Exited all ER2 Long @ 857.50 --> + 0.3

<Nesi> do you use X-trader execution plataform... Niha? 12:44

<eminitrader> Covered all ES Short @ 1584 --> - 4

late post

[10:46:38] <eminitrader> looks like a creeper uptrend on the ES.....shld have stuck with this ...original target for that long was 1585.50...got hit to the tick..:(( 12:51

stop was way beyond my tolerance though..wld never have made it 12:52

was expecting support to come in the 1577 area 12:53

<NihabaAshi> Nesi...yes 12:57

<Nesi> thanks

they sent me a demo yesterday

i do have infinityAT tho

<NihabaAshi> TT sent the demo? 12:58

<Nesi> yes

well ..the guys from x-traders

<NihabaAshi> I've been considering lately of opening another trading account as a backup (I already have other backups) with Infinity. 12:59

<Nesi> infinity its pretty good..imo

<NihabaAshi> In fact, the two I'm considering is Infinity and Open eCry 13:00

<Nesi> eCry?

eCry.com ?

<Guest35179> I'm w Openecry and pretty good so far

<Nesi> may i have the URL..please 13:01

<Guest35179> openecry.com

<Nesi> thx

<NihabaAshi> http://www.openecry.com 13:02

They jump to my consideration list after getting connection to Euronext exchange

<bern> although their euronext connection is only working for the moment for euronext london 13:03

euronext liffe

not euronext paris and others 13:04

so you can trade ftse but not cac

<NihabaAshi> Ahhh...ok...thanks for the headsup about that.

<bern> i asked and they told me that would implement in future but that was 1 month ago and no news 13:05

<NihabaAshi> DAX and CAC40 are my favorite trading instruments...I prefer them then trading ER2. 13:06

<bern> you should consider moving to old Europe :)

<Guest35179> what are the trading hours for cac40

<NihabaAshi> However, due to family reasons...I'm unable to get up that early in the morning to properly trade the DAX and CAC40 in comparison to the past when I was single :)

<bern> :) 13:07

<Pepe> :)

<NihabaAshi> I would need to get up around 1am est in the morning. 13:08

Spouse doesn't mind me going to bed late (1am est) but getting up that early is too tough.

<yayaa> hello all,new to room 13:19

<eminitrader> welcome :))

<yayaa> thanks,got thru the maze,difficult for me 13:20

<eminitrader> Shorts ES @ 1585.75 13:21

<NihabaAshi> Hi yayaa...sorry about the difficulty in arriving as a registered member. 13:22

<eminitrader> 10 lot

<NihabaAshi> It's designed that way to keep out the spammers or problematic posters whenever I'm force to password protect the room.

<yayaa> understood,why is my name not listed to the right? 13:23

<NihabaAshi> It is...I see it.

<codehead> it is

may be in the upper part of the list

as voiced 13:24

<yayaa> not me thats ok,now I'll work on the script:) lets get to the markets don't want to spend your time on this here during market hours,cheers and thanks again

thanks cone,see it now 13:25

<codehead> Ym a little stuck here

couldn't test the largish offer a tick above hod

<bern> nq and er not helping 13:26

<codehead> 14198.10 dow hod

tend to have a little res at century marks 13:27

<eminitrader> Covered 1/2 ES Short @ 1583.75 --> + 2 13:34

<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)

<NihabaAshi> Shorts ER2 @ 855.70 -> small size

<eminitrader> that makes up for the hit earlier in the previous trade...holding 5 13:35

<NihabaAshi> a little downside pressure here in...same in other key markets.

Now a Dark Hammer Line is trying to form :(

<ItalianSharp> YM seems to have a mind of its own...earlier today when all eminis were bullish YM was bearish...now all eminis look more bearish and YM is still within striking distance from new fresh highs 13:40

basically...YM is decisive factor for major moves...if YM breaks down, we may see some nice selloff 13:41

<codehead> was thinking the same thing sharp--yesterday dow was the weak one, you'd have expected it to be the best short target today

<intowin> short ES @ 856.30 13:43

er

didnt get my long order from this am so I will try short 13:44

<Brutus> http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={8719e 8fd-a639-4ced-a9a0-c5ba553a8c9f}

<intowin> 857 stop

<codehead> Ym printed a buy signal on cci 5 min, might be getting some of them buying here 13:46

nothing on the others

<ItalianSharp> we have treasury budget coming up at 2pm 13:47

<eminitrader> thx IS...was not aware 13:49

<intowin> briefing.com is saying it may be delayed however 13:51

<codehead> on my schedule i see "treasury budget 2:00 pm--may be delayed"

whatever that means

<ItalianSharp> trading YM lately is like watching paint dry...the good summer days are indeed over

<eminitrader> hehehe

<NihabaAshi> shallow WRB pt1 right now :(

<yayaa> short YM here @ 255 13:53

<NihabaAshi> Covered all ER2 Short @ 855.20 --> + 0.5 13:54

<asuni> nq going to the gap

<ItalianSharp> NQ new lows...LMAO

<yayaa> covered YM short here @ 245 +10 pts. 13:55

<ItalianSharp> nice yayaa

<yayaa> thanks

<ItalianSharp> this move might setup a counter move in 5mins when the treasury budget is released

<codehead> nice--i shorted same place, but got chicken and took 4--doh

<eminitrader> Covered 1/3 ES Short @ 1581.75 --> + 4 13:56

holding 2

<szubaark> nice emini

<eminitrader> thx szu..

<intowin> Covered 1/2 ES Short @ 854.60 --> + 1.7

<szubaark> im still holding Short

<intowin> er

<bern> nq really weak 14:00

closed the gap

<intowin> Covered all ES Short @ 852.90 --> + 3.4 14:01

<eminitrader> Covered ES Short @ 1579.75 --> + 6

<codehead> nice

<intowin> woohoo

<eminitrader> holding 1

<intowin> done for the day goal met

<Guest35179> long 853.1

<bern> very nice

<eminitrader> good job itw

<intowin> thanks u2

<Brutus> nice, u guys not holing for the ES gap ?

<szubaark> im 14:02

<eminitrader> holding 1 B

<Brutus> good job

<szubaark> That was my plan since the frikin Opening, holding for the Gap close ES

<intowin> whats funny is I was out all morning and came in right as the setup for short was happening

<eminitrader> thx u still in B

<Brutus> Short ER

<eminitrader> k 14:03

<Guest35179> out 852.7 -.4

<Tim_a1> nice, em

<intowin> is this due to treasury at 2? whats up? 14:04

<szubaark> Intowin this smells like Institution dumping together

<eminitrader> thx T 14:05

<NihabaAshi> 2pm est Treasury Budget

<szubaark> The way this was creeping higher i figured tankage like this was coming,ive seen this movie before 14:06

<eminitrader> :))

lol

<NihabaAshi> Shorts ER2 @ 851.50 -> small size 14:08

2 only

<intowin> E your last contract may make you more than the others all together lol

<szubaark> Covered 1/2 Short ES at 1577 --> + 3 «« paper »»

<NihabaAshi> Will be a tough short

<intowin> glad I made it back before my 1575 order filled long lol

<szubaark> Niha i see Red WRB's everywhere :( 14:09

exit stop moved to breakeven ES @ 1580 «« paper »»

<intowin> even though I am not in this sure is pretty

<NihabaAshi> Covered all ER2 Short @ 851.20 --> + 0.3

:( 14:10

got bucked off the Bronco

<yayaa> Sz,WRB's?

<szubaark> Wide Range Bodies (candle with a large Body) 14:11

<Brutus> dang high volume 50k bar on 5 min

Bear flag forming 14:12

<szubaark> you cant miss them on a chart, they're everywhere, but understanding them and trading them is another story :))

<intowin> call me crazy but I am tempted to stay around for a long

<NihabaAshi> With this expanding volatility... 14:13

I won't be looking for a trend day any time soon :)

Shorts ER2 @ 848.50 -> small size 14:14

<szubaark> Covered all Short ES at 1574.75 --> + 5.25 «« paper »»

<Brutus> brave short

<NihabaAshi> tought trade but this time I got some support from other key markets....

<szubaark> ES Gap closed. 14:15

<NihabaAshi> makes it also easy to position reverse if I'm wrong.

<eminitrader> Covered Remainder ES Short @ 1575.75 --> + 10

<Brutus> vn nice :))

<NihabaAshi> Covered ER2 Short @ 849.00 --> - 0.5

Reverse and Enter Long ER2 @ 849.00

<eminitrader> thx B

<szubaark> Tenner for emini! 14:16

<ItalianSharp> did ES close its gap?

<intowin> nice

<eminitrader> not yet

<Brutus> close but not yet

<ItalianSharp> ok

thanks

<NihabaAshi> Exited ER2 Long @ 847.80 --> - 1.2

Reverse and Enter Short ER2 @ 847.80

<ItalianSharp> it looked like ti missed by a couple of ticks

<szubaark> 2 more ticks :))

<Guest35179> short 847

<ItalianSharp> closed right? 14:17

<szubaark> i have it closed

<NihabaAshi> Shorts ER2 @ 846.90 -> Add

<Guest35179> out 846.2 +.8

<yayaa> YM's could come down to 150

<intowin> 73 taken out scratch that desire to go long lol

any news? 14:18

<szubaark> Yeah, whats going on?

<Pepe> wow 14:19

<NihabaAshi> Covered 1/2 ER2 Short @ 844.00 --> + 2.9

Geeesh

<yayaa> Mrs. Clinton on CNBC

<intowin> I just see some news on mortgages again same ol same ol

<Tim_a1> they sure borked the longs

<yayaa> Bingo YM's hit 150 PP and bounce

<NihabaAshi> Covered Remainder ER2 Short @ 845.00 --> + 2.8

Dark Hammer Line trying to form. 14:20

<ItalianSharp> wow, who would have thoguht the treasury budget could produce such volatility???

<intowin> I Think a lot of folks want long term short at all time highs

<NihabaAshi> Italian...the treasury budget does it like this sometimes.

<bern> big big volume

<ItalianSharp> wow, TS can't keep up with this speed 14:21

<intowin> dead cat in da house 14:23

<NihabaAshi> Long ER2 @ 845.90 -> small size 14:25

1 only...playing the Dead Cat bounce

Exited ER2 Long @ 845.20 --> - 0.7 14:26

Reverse and Enter Short ER2 @ 845.20

Key markets rolled over again but my position reversal was late :( 14:27

Covered ER2 Short @ 841.80 --> + 3.4 14:28

WRB Analysis

Learn More

<intowin> man 14:29

<Pepe> nice

<NihabaAshi> Geeesh...caught a big Dark WRB pt1

When volatility is this high...

Not wise to hold onto losers to long :) 14:30

Dump em or reverse em.

<Tim_a1> makings of a nasty daily candle 14:31

<Pepe> ES has good Volume :) on 5 min chart ...92,000

<Brutus> http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={67c38 687-4483-4d68-9c6e-0699d55f0185}

<yayaa> Could see YM's 075 by EOD(S1) 14:32

short YM 140 14:35

<Brutus> 10/11/2007 14:30 *DJ ECB's Weber: Ready To Act In A Firm And Timely Manner

<intowin> well hate to do it but have hair appt. gotta go. I will be bullish til 1560 is taken out es. Looks like that may happen today lol

<Guest35179> short 843.1

out 842.5 +.6 14:36

<yayaa> Covered 1/2 YM's @ 120 +20pts

stop for remaining @ 130 14:37

taken out @ 130 +10 pts.

<Guest35179> so what is it about the treasury report that's making the market do this? where does one find this report and how it's translated into market? if anyone knows 14:38

* bern is now known as bern_away 14:39

<szubaark> after such Volatility drop, woudnt be suprised if we chop rest of day.

<Tim_a1> spx looks like it hit upper trend line drawn above june & july tops 14:40

<Guest35179> 845.5 long

845.8 +.3 out 14:41

845 short 14:42

out 845.9 -.9 14:45

long 846

out 845.6 -.3 14:46

long 846.2 14:47

out 846.8 +.6 14:48

<Brutus> guest why dont you load the trade posting script? 14:53

<zik_> buy Euros before japan open

<yayaa> loading script is my next challenge:) 14:54

<NihabaAshi> I think Guest is using the Brower log-in method. 14:55

Script only works from within the mIRC program

<Brutus> ok

Guest please continue to post your trades 15:00

<yayaa> Say hello to my YM friend 070 15:07

<Guest35179> ok, i'm back-i see it's tanking some more

any clue as to this selloff? 15:13

<Brutus> Close to LOD

<Guest35179> what's lod?

<Nesi> 837.6 15:14

<Brutus> low of the Day

<Nesi> buy ER 838.40

<Brutus> Long ER2 @ 838 «« paper »» 15:15

paper as computer cant keep up :(( 15:16

<Nesi> out ER 839.40

<Brutus> Exited 1/3 ER2 Long @ 840 --> + 2 «« paper »» 15:17

<Nesi> vn

<Brutus> Exited all ER2 Long @ 838 --> 0 «« paper »» 15:19

Long ER2 @ 838 «« paper »» 15:20

Exited all ER2 Long @ 837 --> - 1 «« paper »»

<yayaa> S2 for YM @ 14000,possible by EOD? 15:21

<Nesi> buy ER 837.20 15:22

late post

<Brutus> Long ER2 @ 837.7 «« paper »»

Exited all ER2 Long @ 837.5 --> - 0.2 «« paper »» 15:23

<Nesi> i feel we saw low of day on ER...imho 15:26

<Guest35179> too fast to be posting

<Nesi> yeah

<Brutus> Long ER2 @ 836.7 «« paper »» 15:27

<Nesi> power up...ER...please

<Brutus> Exited 1/3 ER2 Long @ 838.1 --> + 1.4 «« paper »» 15:28

Exited all ER2 Long @ 836.7 --> 0 «« paper »» 15:29

<intowin> OMGoodness... I took a short before I left at 1575 with a tight stop. I am up nearly plus 20 15:31

<Nesi> wow

<Brutus> Long ER2 @ 836.2 «« paper »»

<intowin> we also are breaking a key 1560 support area

may hold this one overnight

<Brutus> Exited 1/3 ER2 Long @ 837.2 --> + 1 «« paper »» 15:32

<yayaa> Living clean has its benefits In

<Nesi> i am in at 837.4... i will keep hard stop at 835 , fwiw

<intowin> yeah hard call. I only went short one. 15:33

probably best to exit

<Brutus> sa0e st6/SS

same stop

<Nesi> 2 points stop its rare for me

went to fast

weird feel we close above 840..we will see 15:34

<Brutus> Exited 2/3 ER2 Long @ 838.2 --> + 2 «« paper »»

<Nesi> nice brutus

<Brutus> thx

<Nesi> out from 837.40 at 839

pure luck

<yayaa> Short YM 062 15:36

<Brutus> Exited all ER2 Long @ 839.1 --> + 2.9 «« paper »» 15:38

<Guest35179> short 838.5 15:39

<yayaa> Covered 1/2 YM's @ 050 + 12 pts.

<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) 15:40

<Brutus> Long ER2 @ 838.3 «« paper »» 15:43

<Guest35179> out 838.2 +.3

<Brutus> Exited 1/3 ER2 Long @ 839.3 --> + 1 «« paper »»

Exited 2/3 ER2 Long @ 839.7 --> + 1.4 «« paper »» 15:45

Exited all ER2 Long @ 840 --> + 1.7 «« paper »» 15:46

<werner> nice brutus 15:47

<Brutus> thx

Look at that ES 10 pt bounce

<werner> yep 15:48

* sep34 is now known as sep34_away 15:54

<eminitrader> hi guys ...hehehge...hope u made a killing ...:))) 15:55

<intowin> E I got a lucky short before I left and am currently short 1575 one contract. Since we broke 1560 would you hold overnight? 15:56

just curious

<eminitrader> NO

<intowin> thanks

<eminitrader> enough to be made during the day .. 15:57

<intowin> yeah

<eminitrader> why risk it

<intowin> feels like 60 was some key support however

<eminitrader> broke thru 1556 ...key support on the SP 15:58

<Brutus> All will be OK Friday S&P only down .47%

<eminitrader> :))

no want it to be like today..:))

cld easily make a million every yr...if every trading day has such voltility 15:59

<Brutus> the bear is coming E its a coming

<intowin> yeah crazy. I took a short before I left with a tight stop. When I cam back 45 minutes later I was uup 900 bucks one contract 16:00

now only 450 bucks

<eminitrader> dont think so B..

<Brutus> Ithink between now and 6 months 16:01

<eminitrader> ita got some more to go...not everyone is still in

<Brutus> yeah thats what I think

<eminitrader> yep that i agree...sometime next yr

<Brutus> But when I does it will be a good year/years 16:02

<eminitrader> u might laugh but long term i see the SP 1625 area then a major correction then 1700.....followed by a bull mrkt... 16:03

sorry not bull BEAR mrkt

1700-1750 is the area i think for the turn down

may take 12-18 months to work out ...but its coming 16:04

<Brutus> I hopefully I will be ready :))

<eminitrader> sure...practice time is plenty:)) 16:05

hopefully i will be @ 50 lots by then to take advantage of the volatility

<Brutus> yep July/Aug gave some good data 16:06

<eminitrader> did around 80 today...but not in a single trade

well anyways ...have a good one 16:07

<Brutus> ============ U.S. MARKETS ACTION =========== 16:08

DJIA down 67.23 points to 14011.46

NASDAQ down 39.85 points to 2771.76

S&P 500 down 7.65 points to 1554.82

10-year T-note up 2/32 at 100 26/32 yield 4.643

NYMEX Spot Crude up $1.78 at $83.08/bbl at close

Dollar/Euro up 0.0041 at 1.4187

http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={c6557 fb2-fcab-4ced-a0f2-a509d6ae6aca}

<werner> gn all 16:12

<NihabaAshi> A great trading day. 16:15

Hope all made a lot of money today and/or took some great trading notes to document and learn about today's price action. 16:16

* NihabaAshi is now known as NihabaAshi_away 16:19

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