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#FuturesTrades October 12th Friday 2007 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+18.10	+137.30	+2807.80
$1,810	$13,730	$280,780

Profitable Trade

1540pm - 1550pm est

Losing Trade

1552pm - 1606pm 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: Fri Oct 12 09:30:42 2007Session Ident: #futurestrades

* Now talking in #futurestrades 09:30

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

<Dmi76> gm all 09:31

<NihabaAshi> Good morning all. 09:32

Although the markets was very intense in its sell-off yesterday...

<szubaark> Shorts ES @ 1565.25 «« paper »» 09:33

<NihabaAshi> I don't see any "panic".

<base> GM all

<NihabaAshi> Simply, I expect to see some decent counter-thrusts today even if the markets close down for the day.

<szubaark> exit stop moved to breakeven ES @ 1567 «« paper »» 09:35

<eminitrader> Long ES @ 1464.25 09:37

<szubaark> exit stop moved to breakeven ES @ 1565.25 «« paper »» 09:38

Covered 1/2 Short ES at 1564 --> + 1.25 «« paper »»

<les> Long ER2 @ 841.5 «« paper »» 09:39

<szubaark> Covered all Short ES at 1565.25 --> 0 «« paper »» 09:40

<NihabaAshi> Long ER2 @ 843.20 -> medium size

Had some entry problems on that :( 09:41

<les> Exited all ER2 Long @ 843.3 --> + 1.8 «« paper »»

<eminitrader> Exited 1/2 ES Long @ 1566.75 --> + 102.5

oops..

k

Long ES @ 1564.25 09:42

Exited 1/2 ES Long @ 1566.75 --> + 2.5

sounds abt right

<les> Long ER2 @ 844 «« paper »»

<Tim_a1> vn, e

<eminitrader> thx T

<szubaark> yup good one 09:43

<eminitrader> thx szu

<NihabaAshi> Exited 3/4 ER2 Long @ 844.70 --> + 1.5 09:45

<eminitrader> Exited ES Long @ 1567.25 --> + 3

Reverse and Enter Short ES @ 1567.25

<intowin> nice longs guys

<Brutus> yep vn 09:46

<eminitrader> thin i was in a bit early...see some more room to the upside

<NihabaAshi> Exited Remainder ER2 Long @ 843.40 --> + 0.2

<intowin> yeah E I am looking for a short entry

<eminitrader> Covered 1/2 ES Short @ 1565.75 --> + 1.5

think we better wait itw...see more upside 09:47

<pat255> gm all

<eminitrader> but again we never know :))

<les> i'm way nehiond here 09:48

behind

<eminitrader> charts u mean

<les> Exited all ER2 Long @ 843.5 --> - 0.5 «« paper »»

<intowin> yeah my charts are lagging to

<les> no - i got stopped out while i was changing my chrt interval 09:49

actually had a signal to reverse there and missed it

<eminitrader> Covered Remainder ES Short @ 1566.25 --> + 1

<les> which pisses me off no end

Long ER2 @ 844.3 «« paper »» 09:51

<eminitrader> Shorts ES @ 1566.25 09:54

<Tim_a1> nice evening star 5 minute es 09:55

<eminitrader> Covered all ES Short @ 1566.75 --> - 0.5

<Tim_a1> evening star with a very breif night 09:56

<intowin> 74 75 area would be a good short imo 09:57

<szubaark> Buys ES @ 1567.25 «« paper »»

<NihabaAshi> Eurex DAX is range bound 09:58

<Brutus> 1000/1400 Oct Reuters/Univ Mich Index, prelim

Sentiment Index, end-month 83.4

Sentiment Index, mid-month 84.2 83.8

1000/1400 Aug Business Inventories

Total Inventories +0.3% +0.5%

<eminitrader> Shorts ES @ 1567

<les> Exited all ER2 Long @ 844.3 --> 0 «« paper »» 10:00

<pdays> Mich confi 82 est 84

<szubaark> Exited all Long ES at 1565.25 --> - 2 «« paper »» 10:01

Shorts ES @ 1565.25 «« paper »»

<eminitrader> Covered 1/3 ES Short @ 1564.75 --> + 2.25 10:02

<les> Shorts ER2 @ 842.4 «« paper »» 10:04

<eminitrader> Covered Remainder ES Short @ 1566 --> + 1

have a good one guys.. 10:05

<Tim_a1> thants for coming, e

<szubaark> Covered all Short ES at 1568 --> - 2.75 «« paper »» 10:06

Buys ES @ 1568 «« paper »»

<NihabaAshi> Long ER2 @ 844.40 -> small size 10:07

<les> Covered ER2 Short @ 844.2 --> - 1.8 «« paper »» 10:09

Reverse and Enter Long ER2 @ 844.2 «« paper »»

<pat255> dull mkt dont S it lol 10:12

<NihabaAshi> Exited all ER2 Long @ 845.50 --> + 1.1

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)

<les> Exited 1/3 ER2 Long @ 845.4 --> + 1.2 «« paper »» 10:14

Exited 1/3 ER2 Long @ 845.7 --> + 1.5 «« paper »» 10:15

<intowin> approaching short zone 10:16

<les> Exited Remainder ER2 Long @ 845.3 --> + 1.1 «« paper »» 10:19

<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) 10:22

<les> Long ER2 @ 845.4 «« paper »» 10:23

Exited all ER2 Long @ 844.9 --> - 0.5 «« paper »» 10:27

<szubaark> lots of shakes in this congestion area before next move. 10:29

<les> Long ER2 @ 845.8 «« paper »»

shouldnt have got out 10:30

now gotta worse entry :(

<szubaark> les.. i got shook on my earlier two trades after the 10am release.

<intowin> this up just does not feel right.. I think they are setting us uup 10:31

<Nesi> short ER 845.60 , LATE post

<szubaark> i did Reversal on my original entry only to see them take it up on a nesty candle

Exited 1/2 Long ES at 1569.25 --> + 1.25 «« paper »» 10:32

<NihabaAshi> Shorts ER2 @ 845.50 -> small size 10:34

<szubaark> Exited all Long ES at 1568.75 --> + 0.75 «« paper »» 10:35

Shorts ES @ 1568.75 «« paper »»

<NihabaAshi> Covered all ER2 Short @ 845.00 --> + 0.5 10:38

Although I have three winners today and zero losers... 10:39

Not happy with my trading (late entries and poor trade management after entry).

<les> Exited all ER2 Long @ 845.2 --> - 0.6 «« paper »»

<szubaark> Nice trading Niha.

<intowin> black always better than red 10:40

<pat255> :) sure

<NihabaAshi> On that note...I'm taking a break to regain my perspective to prevent a big loss that's usually "pending" after poor trading.

Be back later.

* NihabaAshi is now known as NihabaAshi_away 10:41

<les> i agree w niha

<pdays> Shorts ER2 @ 845.2

<les> good time for a break - same reasons in my case :(( 10:42

* les is now known as lesAway

<pdays> Covered all ER2 Short @ 844.9 --> + 0.3

<Nesi> cover from 845.60 at 843.60 10:54

<lesAway> Long ER2 @ 846.5 «« paper »» 11:03

* lesAway is now known as les

<les> Long ER2 @ 847 -> Add «« paper »» 11:06

<szubaark> Covered all Short ES at 1571 --> - 2.25 «« paper »»

:(

Buys ES @ 1571 «« paper »»

chasing, getting shitty entries all day Long 11:10

<Tim_a1> chasing kills 11:11

<intowin> 90% of the time I find the market will come to me if I am patient. I do not chase

<Tim_a1> there's always a better trade in the future

<Brutus> so far it looks like one of those days that recovers most of the prior days loss 11:16

<les> Exited 1/2 ER2 Long @ 848.7 --> + 1.7 «« paper »» 11:25

<Brutus> WTG Les

<les> thx :)

<Brutus> Dax at BE so no effect from yesterday 11:27

* NihabaAshi_away is now known as NihabaAshi 11:29

<NihabaAshi> A lot of resistance up here up to the 850.50 price 11:39

<Nesi> short ER 848.40 11:43

<les> Exited Remainder ER2 Long @ 847.8 --> + 1.3 «« paper »»

<intowin> may fail in this area 11:55

<Nesi> ER quote please 12:04

<intowin> 47.10

<Nesi> thx

<intowin> and about to fall

<Nesi> thx

<les> hope u right - i'm short :)

<Nesi> me too..i am down right now 12:05

<les> Shorts ER2 @ 847.2 «« paper »»

<intowin> if I am wrong a hod stop on my short will be a small stop

<Brutus> 10/12/2007 12:03 *DJ OIL FUTURES: Nymex Crude Hits Intraday Record $83.94 12:07

* codehead_afk is now known as codehead 12:10

<Nesi> sorry again, ER quote please 12:19

<NihabaAshi> Long ER2 @ 846.70 -> small size

<les> Covered all ER2 Short @ 847.3 --> - 0.1 «« paper »» 12:20

<intowin> short ES @ 1572 12:21

tight stop

1pt

<Brutus> GL feels more like lunch time consilidation 12:22

<NihabaAshi> Exited 1/2 ER2 Long @ 848.40 --> + 1.7 12:23

<intowin> Covered all ES Short @ 1573 --> - 1

NICE

<Brutus> quick and painless.... move on :)

<NihabaAshi> No chasing (late entries) the price this time :) 12:24

<intowin> YEP 12:25

<NihabaAshi> Exited Remainder ER2 Long @ 848.00 --> + 1.3 12:27

<Brutus> 10/12/2007 12:27 DJ OIL FUTURES: Nymex Crude Hits Record $84 On Supply Concerns

<intowin> the good ol days that report would kill the market 12:28

<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)

<Brutus> HOw long have you been trading futures IT

<intowin> 6yrs but it is part time. 12:29

I own another business that I wont give up

<Brutus> ok ic

Long ER2 @ 846.1 «« paper »» 12:32

36tt6 trade

lotto trade

<Nesi> pressure coming in 12:33

843.5 next area...imho

<Brutus> Exited ER2 Long @ 846.2 --> + 0.1 «« paper »»

10/12/2007 12:35 DJ ECB Weber: Hasty Regulatory Changes Should Be Avoided 12:36

<les> Shorts ER2 @ 846.1 «« paper »» 12:37

<Brutus> Shorts ER2 @ 848.4 «« paper »» 12:48

2 tick stop 12:50

<szubaark> came back hour later and Price still at my entry :)

<intowin> we are due for a move szu.. I stil think down however 12:51

<Brutus> Covered 1/2 ER2 Short @ 847.9 --> + 0.5 «« paper »»

<szubaark> so far HL, HH

<ItalianSharp> NQ doesnt wanna give up though

if NQ breaks down...we may see some heavy selling like yesterday 12:52

<intowin> tech today you are correct.. that beating yesterday however, I dont think people want long

<ItalianSharp> NQ has been the market leader lately

<intowin> which ever way we break out should be the continued move to pm session 12:53

<Brutus> Covered ER2 Short @ 848.4 --> 0 «« paper »» 12:54

<pat255> amazing mkt ..bulls dot give in .. 12:55

all dips are bought.

<intowin> short ES @ 1572.75

one last try

<szubaark> yeah but we not going up in ahurry, its slow, controlled, upcreep

<les> Covered ER2 Short @ 848.1 --> - 2 «« paper »» 12:56

Reverse and Enter Long ER2 @ 848.1 «« paper »»

<Brutus> cant see any weakness

<intowin> thats because none is there. MY opinion today is only a gut feel

<Brutus> k mine is from the tape 12:57

<intowin> lol

<les> http://www.carlin.karoo.net/Charts/pic.p ng 13:01

that makt delta chart shows buildup of buying in 49 area

msybe failed attempt to break, or just building long positions here 13:02

<intowin> 1569.50 is key. If that breaks its down we go

<NihabaAshi> [11:39] <NihabaAshi> A lot of resistance up here up to the 850.50 price area.

It's recent attempt was its second failed attempt to get above that 850.50 price area. 13:03

<les> there's some buyer commitment just below it tho... as the MD chart shows

brkout will dpend if others join in or not

obviously some folk think they will

<pat255> nice chart les 13:04

<les> :)

<intowin> Covered 1/3 ES Short @ 1570.75 --> + 2 13:05

<pat255> vn 13:06

<intowin> just enough to pay for the stop I have

<les> Exited ER2 Long @ 847.3 --> - 0.8 «« paper »» 13:07

Reverse and Enter Short ER2 @ 847.3 «« paper »»

i'm done after this trade

<ItalianSharp> i just read the bernanke gave a speech this morning

does anyone know what time that happened?

<les> did you get the part where he said he was watching my trades and was out t get me? 13:08

<ItalianSharp> lol 13:09

i thought I heard my name but not yours Les

<les> nah

he's planned this for a long time

some people think i'm paranoid

but the people in the mothership told me not to bother with them 13:10

<intowin> 69.50 gone

hi ho hi ho

<ItalianSharp> are we going for another selloff? continuation of yesterday?

<szubaark> Exited all Long ES at 1569 --> - 2 «« paper »» 13:11

geez...

Shorts ES @ 1569 «« paper »»

we just need followthru, no more bounces! 13:12

<les> Covered 1/2 ER2 Short @ 846.5 --> + 0.8 «« paper »» 13:13

45.6 area has been tough to break through all day 13:14

this selling hasnt enough momentum for that yet 13:16

getting there tho :)

<intowin> Covered 2/3 ES Short @ 1568.75 --> + 4 13:17

holding rest for tenner

<les> 45.6 cracked 13:18

there goes the neighbourhod

<intowin> : )

sometimes you just cant trust that tape

<NihabaAshi> Shorts ER2 @ 845.00 -> medium size

<intowin> B/E Stop 13:19

<NihabaAshi> Hammer line trying to form :(

<les> Covered Remainder ER2 Short @ 844.6 --> + 2.7 «« paper »» 13:20

* sticks is now known as sticks_awy 13:21

<les> breaktime..back later

* les is now known as lesAway

<Brutus> no point in being cocky if you want to foster any inteligent discussion 13:22

<intowin> Didnt mean to rial your cage B. SOrry bout that. Just enjoying a good trade

<Brutus> k, its a work in progress, home brew indicators and indicated some weakness at 13:03 but dificult to tell inside a chop zone 13:24

<NihabaAshi> Covered 3/4 ER2 Short @ 844.00 --> + 1 13:26

Old song - "Another one bites the dust...hey hey...another one bites the dust.." Hammer line bites the dust

<ItalianSharp> lol

too bad I can't participate to this nice volatility party due to my broker's platform having had problems all day...:) 13:28

:((

i am lucky enough to have exceeded my pt for the day so i'll just watch you guys demolish the eminis 13:29

<Tim_a1> which broker, is?

<ItalianSharp> infinity futures

<Tim_a1> what do they charge round trip for es & ym? 13:30

<ItalianSharp> it depends on what platform you use 13:31

from 4.50 to as much as 6.50

<Tim_a1> interactivebrokers is about $4.50 for each

<NihabaAshi> Covered Remainder ER2 Short @ 844.60 --> + 0.4 13:32

<ItalianSharp> i know there are brokers who charge a lot less...however i almost shitted my pants last summer when velocity futures - my broker at the time - was one of the victims of the sentinel scandal... 13:34

i feared my funds might be in jeopardy

so i prefer to stay with infinity...my money is deposited thru RCG

<NihabaAshi> When the kids gets a little older (when I have more free time and less stressful trading)...I plan to 3x - 5x my position size and increase my trade frequency...

<NihabaAshi> That's when I'll get a CME seat. 13:35

<intowin> stops in place be back later

<Brutus> Long ER2 @ 846.1 «« paper »» 14:13

Exited ER2 Long @ 845.4 --> - 0.7 «« paper »» 14:15

<Tim_a1> stubborn pa

<Brutus> yep looks long :( 14:17

<Tim_a1> gotta feeling spike coming 14:18

no idea which way

. 14:25

<ItalianSharp> looks like markets want up

<Brutus> be a big move if ES make a new HOD 14:26

<ItalianSharp> i am staring to have the feelign we wont get any major move until next week...mkts had a chance to collapse again...but didnt...then had a chance to make new high, but only NQ did 14:27

so we are stuck in the infamous chop

<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) 14:31

* lesAway is now known as les 14:33

<Brutus> 10/12/2007 14:31 *DJ OIL FUTURES: Nymex Crude Closes At Record $83.75, Up 65c

<ItalianSharp> here we go...new highs very soon 14:37

NQ is amazing how bullish it is 14:38

<les> Long ER2 @ 847.2 «« paper »» 14:40

<Brutus> Like a big ascending triangle on the 15m 14:41

over 2 days 14:42

<les> Exited ER2 Long @ 846.9 --> - 0.3 «« paper »»

Reverse and Enter Short ER2 @ 846.9 «« paper »»

<Nesi> short ER 846.7 14:43

<ItalianSharp> les, what made you reverse if you dont me asking?

<les> lemme finish the trade

i jus got a high probability short signal... in short :)) 14:46

<ItalianSharp> lol

thanks

<Nesi> my feel we will see 843 area at close...imho

<szubaark> Covered all Short ES at 1571 --> - 2 «« paper »» 14:48

* szubaark is now known as szubaark_away 14:49

<szubaark_away> I suck in Chop.

<les> trouble with my signal is..

<Tim_a1> me 2

<les> it predicts a move through this stuff below..

and i'm just not that convinced by the price action

<Tim_a1> it sucks you in, moves against, and holds you in hell 14:50

<ItalianSharp> i think no system works well in chop

<Nesi> sometimes intuition works...imo

<les> but a signal is a signal....

<Nesi> more than indicators

<ItalianSharp> unless you fade teh extremes

problem is...teh moment you start fading extremes...they become more extreme...:)

<Tim_a1> like playing rock paper sissors with someone who cheats

<les> this etup occurred above this chop area, but led to an entry too near to it :( 14:51

setup

<szubaark_away> to make money today, I would have to know its gonna be a 3 channel Chop zone in ES, otherwise im just gambling

<ItalianSharp> i am starting to yawn...this thing is boring...gonna take a break 14:52

* ItalianSharp is now known as ItalianSharp_away

<szubaark_away> I entered on extremes only to see it snap back 1-2 points opposite my direction.. 14:53

you never know what they gonna throw at you, fast or slow action. Thats what SUCKS about this market.

<les> i know what will happen...

i'll exit after it goes nowhere for a while..

then it'll plunge 14:54

but if i stay in...

big rise for sure

<Guest35179> maybe we'll have a repeat of yesterday afternoon

<les> maybe too many people are being programmed by that 14:55

today

<Brutus> I see yesterday as a massive move to get the stops, today they are going to wait till the last half hr and drive it up hard to leave retail longs stranded, just a silly prediction :) 14:58

<Nesi> ER feels vulnerable here..imho

proving me wrong so far.. but something does not feel right to me to go long 15:01

<les> been like that all damn day 15:02

<Nesi> now looks better

i would like to see momo faster now

<les> so u n me r right :)

Covered all ER2 Short @ 845.3 --> + 1.6 «« paper »» 15:03

<Tim_a1> they seem to know exactly how much you can stand

<les> grab it while u can :)

<GoodMood> who is "they" ?

<Tim_a1> whoever it is that has the most sway over the pa 15:04

<GoodMood> we all are "they", arn't we ?

<Tim_a1> as much as all fish in a pond are fish, but there are different size classes 15:05

<Nesi> feels to me next area around 842.5.. imho 15:06

<Tim_a1> some are minnows, others are muskies

<Brutus> stop drive 15:09

<GoodMood> and is the market really "moved" by those big playsers, I mean do they help each other and behave like a soccer team ? 15:10

<les> no - they compete with eadch other all the time methinks 15:11

and with us

mostly i believe we r too small for them to bother with

<Brutus> no I believe the biggest fish work together 15:12

<les> agree.. maybe some do sometimes

<Brutus> or in other words they know each others or the markets moves

<les> if u were trading for a large fund, u'd also have your charts running, trying to predict what the other big guys r up to

thats my take on it

<Brutus> the obective is transfer of wealth from us to them 15:13

<les> also i guess u'd watch ecnomic factors, news government announcments

<Brutus> an that occure on maximum volatility 15:14

<Tim_a1> yesterday's downdraft midpoint pivot is today's magnet

<les> also - they play with much bigger money, so can afford to ride out wrong decisions more easily

<Brutus> while if they worked against each other it would create more chop

<Tim_a1> they also have enough capital to engineer 'fakes' 15:15

<Brutus> Obective is the maximise the moves along the path of least resistance

<Tim_a1> but to their disadvantage, the cant get in or out at one price

<Brutus> yeah fakes allow loading at the best prices and to ensure retail is last on board

<les> agree Tim... but i think that some players may tthrow out a few bucks to test direction.. 15:16

see if any more climb on board

if not they prob exit or reverse

<Tim_a1> i've started to look at 'volume dojies' for price pivots

<les> aslo, lotta them are not day tradeers anyway 15:17

<Nesi> if ER goes around 844.50 area..my risky feel we dive to 840 magnet

imo

<les> so u may get exits and entries that relate to larger timeframes and misinterpret them to relate to intraday action

<Nesi> and i know i am being biased..and forming an opinion its not a good thing 15:18

<les> oh i dunno ...its nice to speculate now & again :)

dont base my trade decisions on it 15:19

<Guest35179> short 845.3 15:23

<Nesi> come on , drill 844.50..please 15:26

here we go

<les> Shorts ER2 @ 844.3 «« paper »» 15:27

late friday selloff?

<Guest35179> out 844.4 +.9 15:28

<les> please do

<Nesi> feels so to me, les

<Brutus> about what I said on the big players, I watched one prior nasdaq market maker now NQ trader who swings 100 conracts get most of the swings in a day, amazing accuracy

<Guest35179> short 844.9 15:29

out 845.3 -.4 15:31

<Nesi> good stop, guest

<Guest35179> 845.3 short 15:32

<GoodMood> Brutus: does he follow a mechanical system ? 15:33

<intowin> back... stop was taken at b/e

Covered all ES Short @ 1572.75 --> 0

<Brutus> whish he would tell me:) price moves in channels was the most I got 15:34

<Nesi> short ER 845.50

with hard stop 846.50

<GoodMood> thx

<Brutus> I think he has some complex stuff to time the entries but was trying to guide us into learning the basics 15:36

<Guest35179> out 845.6 -.3 15:37

<intowin> just chop gonna run. Have a good weekend. 15:39

<les> Covered all ER2 Short @ 845.4 --> - 1.1 «« paper »»

<NihabaAshi> Long ER2 @ 846.10 -> small size 15:40

<les> sorry, late post

done for this week

cya ll monday

<NihabaAshi> I have a lot of support on this Long but its not responding for some odd reason. 15:43

<Nesi> i moved my stop hard at 846

<NihabaAshi> Long ER2 @ 845.20 -> Add 15:44

<Brutus> only 15 mins to thhe closing spike:)

<NihabaAshi> support is still there...only reason why I added.

<Nesi> i cover from 845.50 at 844.70 15:49

darn 15:50

<NihabaAshi> Exited all ER2 Long @ 844.00 --> - 3.3

<Brutus> ER suddenly has a mind of its own

<NihabaAshi> It's trying for a Hammer line now 15:51

<Nesi> short ER 844.40

with hard stop 845

<Guest35179> long 844.5 15:52

<Nesi> stopped out

<NihabaAshi> Long ER2 @ 844.70 -> medium size

<Guest35179> out 845 +.5 15:53

<NihabaAshi> That support is still there...only reason why I re-enter my Long.

:(

<Nesi> u going to get your 846 Niha :) 15:54

one more push, please 15:55

<NihabaAshi> That infamous 4pm est price action is around the corner. 15:57

Deciding right now if I should dump my trade prior to it...

<Brutus> YM NQ near HOD

<NihabaAshi> tight stop now 15:58

<Nesi> 846 16:00

very nice

have a great weekend guys

<NihabaAshi> Exited 3/4 ER2 Long @ 846.30 --> + 1.6

<Nesi> vn

<NihabaAshi> That makes it a profit between these last two Long positions :) 16:01

<Brutus> told ya they going to leave retail stranded come Monday

<NihabaAshi> Only because I nailed it on the increase in position size...

Regardless still a nice profitable day even if I had taken another loss on the Long. 16:02

<Brutus> ============ U.S. MARKETS ACTION ===========

DJIA up 55.85 points to 14072.72

NASDAQ up 26.75 points to 2798.62

S&P 500 up 4.58 points to 1558.99

10-year T-note down 15/32 at 100 13/32 yield 4.694

NYMEX Spot Crude up $0.61 at $83.69/bbl at close

Dollar/Euro down 0.0022 at 1.4177

http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={d7863 c43-243c-4bcf-a531-8b38be82ec30}

<NihabaAshi> It doesn't look like I'm going to get a fill on my remainder... 16:05

Exited Remainder ER2 Long @ 847.00 --> + 2.3 16:06

Nice way to close the week of trading. 16:08

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<Brutus> Good one

see ya all next week

<NihabaAshi> That last spurt upwards by Gold kepted me in the trade a few minutes before 4pm est.

Take care all and have a good/safe weekend. 16:09

* NihabaAshi is now known as NihabaAshi_away

<werner> gn all 16:29

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