#FuturesTrades October 26th Friday 2007 Trade Log

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.

  There is some subjectivity involved with some of my trades when I'm developing a new strategy (hence the name TheStrategyLab.com) that uses 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 26 04:20:43 2007Session Ident: #futurestrades
* Now	talking in #futurestrades	04:20
<X>	[NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
* codehead	is now known as codehead_afk	05:28
<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)	06:36
* sep34_away	is now known as sep34	08:42
<Nesi>	hello all	09:19
<werner>	gm all	09:24
* subq	market profile charts for today	09:36
	http://www.charthub.com/chart/author/DA0 D7987572D7FBE3C7226C93DD52A
<ItalianSharp>	nobody trading yet???	09:42
	today once again we're having the same pattern of selling at open and rallying at the close	09:43
<NihabaAshi>	It's a sneaky price drop :)
<ItalianSharp>	well...not rallying yet...just assuming we will	09:44
<NihabaAshi>	We'll get some good volatility here soon via the pending 10am est key report	09:47
<ItalianSharp>	i hope so niha...that's the only chance of the day	09:48
<NihabaAshi>	Long ER2 @ 819.50 -> small size
<szubaark>	Buys ES @ 1533.50 «« paper »»
<NihabaAshi>	If I'm wrong...it's be an easy position reversal with the soon volatility spike.	09:49
<ItalianSharp>	guess you arent wrong	09:50
	the reversal can wait
<NihabaAshi>	Exited 1/3 ER2 Long @ 820.60 --> + 1.1
	Exited Remainder ER2 Long @ 819.70 --> + 0.2	09:52
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)
<szubaark>	Exited all Long ES at 1533.50 --> 0 «« paper »»	09:54
	Shorts ES @ 1533.50 «« paper »»
<NihabaAshi>	Shorts ER2 @ 819.10 -> small size
<szubaark>	Covered 1/2 Short ES at 1532 --> + 1.5 «« paper »»	09:56
	exit stop moved to breakeven ES @ 1533.50 «« paper »»
	Covered all Short ES at 1533.50 --> 0 «« paper »»	09:57
<Brutus>	1000/1400 Oct Reuters/Univ Mich Index, final
	Sentiment Index, end-month 82 83.4
	Sentiment Index, mid-month 82
<szubaark>	Buys ES @ 1532.75 «« paper »»	09:58
<NihabaAshi>	Covered 2/3 ER2 Short @ 818.00 --> + 1.1	10:00
	Covered Remainder ER2 Short @ 818.90 --> + 0.2
<szubaark>	Exited 1/2 Long ES at 1534 --> + 1.25 «« paper »»
	exit stop moved to breakeven ES @ 1532.75 «« paper »»	10:01
	Exited all Long ES at 1532.75 --> 0 «« paper »»
<ItalianSharp>	not nice volatility so far	10:02
	YM has been flat-lined for the last 15mins
<NihabaAshi>	szu...looks like we are the only ones trading this junk	10:04
<pat255>	hmmm gm all stuck in the office today
<NihabaAshi>	Dark Hammer line 2min ER2 chart...be careful
<pat255>	just watching ..
<NihabaAshi>	Long ER2 @ 818.50 -> small size	10:06
<szubaark>	Niha any clues from Oil and Gold?	10:09
<NihabaAshi>	Oil is dropping :(	10:10
	Gold is flat...
	ER2 is choppy on declining volatility :(
	Price action not good after my entry.
	ES holding up well so far.	10:11
	ER2 doing its own volatile thing.	10:12
<werner>	ym also volatile :)
<NihabaAshi>	Exited all ER2 Long @ 818.60 --> + 0.1	10:13
	Got buck but that's ok because the price action is just too weird.	10:14
	volatility still declining but not low enough to setup a big price movement.	10:17
	Now I understand why nobody is posting any trades...	10:18
	Crappy price movements.
	I'll sit here and just watch it too (no trades) :)	10:19
<zik_>	90% of the trading is watching
<eminitrader>	hehehe nice one niha
<Tim_a>	jesse livermore aid 'i made most of my money sitting tight'	10:20
	said
<pat255>	hmmm for how long u gotta make a move tho
	sometime
<zik_>	no, what he said was. it's not the trading that made me $. it's the sitting.
<pat255>	lol
	hi zik	10:21
<eminitrader>	tend yo agree with that z
<pat255>	hi em
<eminitrader>	morn pat
<zik_>	if you scalping off the 5 min chart. you're missing out the big moves on the daily	10:22
<pat255>	z overall u S or L? swing	10:24
<eminitrader>	the 5 min and 3 min will never give u entries given the current ( mean past 2 days ) momemtum brek outs...gotto switch to a smaller frame 1 min or tick charts
<zik_>	dow can go up 200+ today
<szubaark>	Buys ES @ 1535.25 «« paper »»	10:25
<zik_>	maybe another 50 monday morning
<pat255>	yeah these bastaids are lining up for the eom ..
	run..	10:26
<zik_>	some stocks are a little tired here.	10:27
<pat255>	z any stks to look at? ty	10:29
<eminitrader>	Shorts ES @ 1534.25	10:30
	high probability gap fill..
<zik_>	i still like the shipping sector	10:31
<pat255>	L side?
<Brutus>	agree E, everyone is very bullish
<zik_>	dsx drys	10:32
<eminitrader>	todays gap is to the downside
<zik_>	VMW BIDU worth watching.
<Brutus>	y and chart looks weak
<eminitrader>	but going to be a pain sitting thru the noise B
<zik_>	we got stopped out on CROX but may look to get back in soon
<pat255>	all on L side? will check tonie ty	10:33
<zik_>	you should watch them daily, everyday.
<pat255>	k...will do
<zik_>	follow them religiously. then wait for single entry	10:34
<Brutus>	also be ready for any Turkey news
<zik_>	then you make $
	or you learn your lesson
<pat255>	was L uso...but small shares..
<eminitrader>	but will go long 1525-1520 area...area	10:35
	expecting 1600 soon ..as i mentioned before
	oops that was 1515-1520
<pat255>	thks em	10:36
<eminitrader>	urw pat
<zik_>	last night i watched video of interview/w Curits faith. what a loser Turtle he is	10:37
<NihabaAshi>	zik...no negative post in here about other traders.
<szubaark>	Exited all Long ES at 1533 --> - 2.25 «« paper »»	10:38
	Shorts ES @ 1533 «« paper »»
<NihabaAshi>	However, your more than welcome to have a private conversation with someone in here at another trader you don't like.	10:39
<eminitrader>	:))
	Covered 1/2 ES Short @ 1531.25 --> + 3	10:41
<szubaark>	good entry emini
<eminitrader>	thx szu
<szubaark>	im one Point behind you :)	10:42
<eminitrader>	shld be no pb ...if it moves with the flow ...w/o much noise
<szubaark>	yes looking for ES gap close now	10:43
<eminitrader>	if it breks the 36 area w/o a new low ...then i wld be concerned
<Guest35179>	long 816.7
<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)	10:45
<Guest35179>	out 815.9
<szubaark>	Covered 1/2 Short ES at 1530 --> + 3 «« paper »»
	exit stop moved to breakeven ES @ 1533 «« paper »»
<eminitrader>	yep noe pa is at a 75% prbability of a gap fill
<Nesi>	buy ER 815.80	10:46
<eminitrader>	exit stop moved to breakeven ES @ 1534.25
<NihabaAshi>	Long ER2 @ 815.70 -> small size
<Nesi>	sold ER 816.4
<pdays>	Long ES @ 1530.0 «« paper »»	10:47
	Exited 1/3 ES Long @ 1531 --> + 1 «« paper »»
<hum_g>	Niha I am back buddy	10:48
<eminitrader>	be back limits in @ 1524.25
<pdays>	Exited 1/3 ES Long @ 1531.75 --> + 1.75 «« paper »»	10:49
<NihabaAshi>	I stole a great entry on this Long not getting the pop to 817.60 price area.
<Nesi>	Niha, if i may ask, do you keep a mental stop or hard stop on your trades? thx	10:50
<NihabaAshi>	I don't have any support just yet from Gold nor Oil.
	Nesi...both
<Nesi>	thx
<NihabaAshi>	My hard stop is always 4 points
<Nesi>	i see
	btw, i sent you an email
<NihabaAshi>	My mental stop usually doesn't exceed 2 points.	10:51
<pdays>	exit stop moved to breakeven ES @ 1530 «« paper »»
<Nesi>	thx Niha
<NihabaAshi>	Gold flat but Oil not looking so hot.	10:53
<pdays>	Exited Remainder ES Long @ 1531 --> + 1 «« paper »»
<hum_g>	how do i display the time of postings here
<pat255>	S 31 es
<NihabaAshi>	huum_g...You need to register for #FuturesTrades...your currently only register at the discussion forum.	10:54
	Ooops...
	YOur not talking about the trade posting script...	10:55
	Will explain in a little bit how to make your own LOG of the chat in here.
<Nesi>	in the upper left corner of this window, click on the lillte box	10:56
	and click on logging
	and timestamp
	maybe that helps
<szubaark>	Covered all Short ES at 1533 --> 0 «« paper »»	10:58
<NihabaAshi>	Thanks Nesi	11:04
<Tim_a>	hard stop set for 'disaster', but not easily 'pinged', Nih?
<NihabaAshi>	Tim...correct.
	The 4 point stop is a disaster stop only.
	Not intended for normal stop use :)
<szubaark>	Niha u also have a backup broker?
<NihabaAshi>	szu...I have two backup brokers (technically three).	11:05
	Recently I moved most of my money out of my primary broker account.	11:06
	Been keeping about 20k in the primary account and every time it doubles...
	I sweep out the 20k and leave the original 20k in the account.
	I use to have a fixed amount each week for sweeping out of the account.	11:08
	However, when my broker ran into some high publicity problem that was all over the news...
	I lost a little trust in them and no longer keep a bulk of my money with them.
	Now if someone ask me is it possible to make a living with a 20k account...	11:10
	I can answer YES :)
<Nesi>	by making a living.. you mean like to make 4k a month or so?
<NihabaAshi>	I mean like being able to pay all my bills, support my family and put some money way for my pension and kids college education.	11:11
	Simply, that number for "trading for a living" is different for every trading based upon life style needs.	11:12
<Nesi>	right
<NihabaAshi>	meant...differ3ent for every trader (not trading).
	Exited 2/3 ER2 Long @ 817.40 --> + 1.7	11:13
<szubaark>	Buys ES @ 1533.75 «« paper »»
<startrader>	Shorts YM @ 13780	11:14
<NihabaAshi>	Had Oil helped out like Gold did when I was Long...I would have easily gotten 818 price area by now.	11:15
	Geeesh...my remainders are getting killed today :(	11:18
<startrader>	Covered all YM Short @ 13766 --> + 14
<NihabaAshi>	Exited Remainder ER2 Long @ 816.00 --> + 0.3
<startrader>	Watch numbes 777 and 666, strong pivots on ym.	11:20
<eminitrader>	Covered 1/3 ES Short @ 1529.25 --> + 5	11:22
	holding 3 for target 1524.25
<Brutus>	nice E
<eminitrader>	thx b	11:23
<szubaark>	nice
<eminitrader>	was wondering why u reversed szu...was just noise
<szubaark>	Im wathcing NQ making Higher Lows
	ES is too noisy today	11:24
<eminitrader>	yeah sometimes that divergence wld make us double guess
<szubaark>	also, my Moving Average still says Long, Long	11:25
<eminitrader>	but usualyy the mrkt flow ..with a 75% or more probability on the ES wld pull the YM and NQ with it
	i base part of the probability factor on other indices...reason i rated it 75% was cause of the reason u mentioned ..pa on NQ	11:27
<Tim_a>	incredibly choppy uptrend week	11:33
<szubaark>	geez, this has really slowed down now	11:34
<eminitrader>	gievn the past few days..the dailes were neutral bars ...usualling indicating a change in trend or entering a trading range...i wold go with the channge in trend
	refer to the ES	11:35
<startrader>	Shorts YM @ 1530, looking for break of lows.	11:36
	should be es.
<ItalianSharp>	how's vix data for you guys?	11:37
	i have a few empty intervals on my charts	11:38
<eminitrader>	dont follow that sorry IS
<pat255>	biab ty all
<NihabaAshi>	Long ER2 @ 814.50 -> small size	11:50
	1 only...high risk trade.	11:51
<startrader>	This thing is wound up tighter than a bango string.	11:52
<NihabaAshi>	:)
	It's going to do a volatility pop here soon...
<szubaark>	they can jack it at any moment :))	11:53
<NihabaAshi>	Hopefully it takes price upwards and not downwards on that increased volatility spike.
<hum_g>	lemme check my TS
<szubaark>	sitting right at my 34EMA, reason im still Bullish	11:56
<NihabaAshi>	I lose my patience very easily with high risk trades when they don't perform.	11:57
<eminitrader>	mrpa still indicates new lows
	no change in the mrkkt flow yet
	refer to ES
<Tim_a>	mrpa?
<szubaark>	yeah i got a real shitty entry on this, got a WRB in opposite direction as soon as i Entered :((	11:58
<eminitrader>	sorry ..pa
	wld not be bullish till 1534 is taken out
<NihabaAshi>	volatility spike
	Exited ER2 Long @ 813.20 --> - 1.3	11:59
	Reverse and Enter Short ER2 @ 813.20
	easy position reversal	12:00
	Question is can it hold and not bounce back up.
<szubaark>	Exited all Long ES at 1527 --> - 6.75 «« paper »»	12:01
<eminitrader>	exit stop lowered ES @ 1531.75
<szubaark>	That trade puts me Huge Negative for the day.	12:02
<eminitrader>	brek of yjay cld indicate change in tred
	yjay = that
	gotto work on my typing skills :))
<NihabaAshi>	Hammer line in different trading instruments...
	be careful
* szubaark	is now known as szubaark_away
<Tim_a>	break of what?	12:03
<NihabaAshi>	Covered ER2 Short @ 811.10 --> + 2.1	12:04
<startrader>	covered all es at 26.25, 40% retrace should give a bounce.
<NihabaAshi>	Markets back at equilibrum :)	12:05
<eminitrader>	Covered ES Short @ 1526.25 --> + 8	12:07
	Covered ES Short @ 1526.25 --> + 8
	opps that was a single exit
<hum_g>	bands narrowing on my er2 25 tick charts
<eminitrader>	hlding 2 for a tenner
<hum_g>	my 500vol chart on er2 is not moving at all
	why is this
<startrader>	ivb on 3 min es. long at 27.	12:09
<hum_g>	er2 on 5min way down	12:11
<eminitrader>	cld be a fake...i give weight to ivb only at support areas
	see no support here	12:12
<Tim_a>	ivb?	12:13
<eminitrader>	inside bar	12:14
	29.25-30.25 wld be the res for this uptick
<Tim_a>	indicates direction change?
<eminitrader>	no indicates a spike on the brek side...cld carry momemtum if at the support areas	12:15
	very powerful indicator..makes all the momemtum players come out	12:16
<startrader>	15 min close looks good out 1 at 28.50, holding 1 es. Would like to see the trend line break to add again. Stop at be.	12:17
<eminitrader>	cld very well do that ...if it breks the 31-32 area	12:18
	but res now @ 29.25 -30.25	12:19
	start trdr what do usee on the 15 mins that makes u bullish...that is if u dont mind me asking	12:22
<Nesi>	oil bit of drop, fwiw
<Tim_a>	on the dow, there's a backtest of the 200 ma (15 minute chart)	12:23
<eminitrader>	thx T	12:24
<Brutus>	E at 11:50 the IVB preceeded the spike down - my analysis correct?
<Tim_a>	i dont know if that's what star was looking at though
<eminitrader>	we were refering to the one @ 12:09 est on the 3 min B	12:25
<Tim_a>	spx has same thing, 20 ma's crossing the 200 on both dow and spx 15 minute
<startrader>	not feeling the love here and gotta go, out #2 at 29.50. Be back..	12:26
<Brutus>	no, there is one around 11:50 to 55 right?
<eminitrader>	not on the 3 mi	12:27
<startrader>	emini, 12:00 reversal bar off the 40% retrace from yesterdays low 2:00 pm bar to today's high. perfect retrace, 3 min reversal bar on high volume followed by ivb, best of the best setup for follow through that I missed. Gotta go take care of some stuff.	12:29
<eminitrader>	thx bud
<Tim_a>	thx for the observation star, i'll study that one	12:30
<Nesi>	quote gold, please, at 781.4?
	correct
<startrader>	trend line broken, 50% retrace and line of control at 33.50 area. fyi	12:33
<eminitrader>	Covered Remainder ES Short @ 1531.75 --> + 2.5
<Brutus>	so Inside vertical bar is a narrow range bar following a large range bar? that what u look for?
<Nesi>	vn emini	12:34
<eminitrader>	look for a high probability change in trend with new highs
	thx nest
	basically within the previous barr	12:35
<Brutus>	k
<eminitrader>	alright have a good one ..see u all monday
<Nesi>	have a nice weekend, emini	12:36
<startrader>	Yes brut, best at extremes of range and good areas or s/r. That was a perfect setup. Good for reversals not continuation. More confluence of factors the better.
<Tim_a>	have a good weekend emini
<Brutus>	thanks ST and CU EMT
<startrader>	777 resistance on the ym!!!	12:37
<Tim_a>	looks like es dragged ym up	12:39
	sticky at 777	12:40
<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)	12:51
<Tim_a>	are those ivb's valid on all timeframes, or on any in particular?	12:53
<startrader>	That's where screen time comes into play tim. 3,5 and 15 min are my favorites. On the 5 and 15 you will often see the ivb followed by congestion then a break of the high or low followed by a reversal bar. Start at 1:15 est on yesterday es chart, 2 ivb's followed by breaking of the lows and massive reversal bar followed by breakout of ivb's.	12:59
	You had additional opportunities to get long inside the ivb if you did not take the breakout. Again, only counter trend trades at extremes of range.	13:01
	Just had one on the 15 min es but we are in the middle of the range with overhead resistance. Not a good setup to take the upside break on that alone.	13:02
<Tim_a>	i'm taking a look - i've really been studying the pivots lately, and appreciate anything that helps me observe them as they happen	13:03
* codehead_afk	is now known as codehead	13:04
<startrader>	Pivots are helpful, be observant of where today's pivots are in relation to previous day's range as well. Pivot's are floor trader's tools and are used in a certain range and under certain circumstances. Study price at volume as well. That will help you see if ther is a volume vacume that would negate the pivots.	13:06
	I know I am new here and tell me to shut up if I am crossing any boundries, just trying to help.	13:08
<Tim_a>	i'm finding what you say helpfull
<Brutus>	Very helpful info ST much appreciated	13:12
<startrader>	bty, startrader is a reference to my favorite restaruant, star diner. legs and eggs joint, not an ego thing! good food with a view!	13:16
<Tim_a>	hadnt even thought about it	13:17
<Brutus>	OK :))	13:18
<Tim_a>	my comments on pivots, i meant where the chart seems to turn, rather than the points that traders calculate every day
<startrader>	short es 33.50 1 only.
<Brutus>	http://www.elitetrader.com/vb/attachment .php?s=&postid=1655696	13:22
	note pivot times from my2cents
<NihabaAshi>	ER2 within a key price area right now.	13:29
	volatility also declining fast	13:30
<Nesi>	that means?
<NihabaAshi>	Means volatility is contracting.	13:31
<Nesi>	thanks
<NihabaAshi>	That also means that a volatility spike will soon happen.
<Nesi>	up or down...either way?	13:32
<szubaark_away>	Buys ES @ 1533.75 «« paper »»
<NihabaAshi>	Direction doesn't really matter.
	What matters is that you'll be better prepare to trade if a pattern signal appears or better prepare to recognize its time to exit a losing trade or better prepare to recognize a profit target has been reach.	13:33
<Nesi>	thanks
<NihabaAshi>	Contracting Volatility ---> Expanding Volatility ---> Better prepare to minimize losses and maximize profits	13:34
<Nesi>	buy 818.50
	er 1c
<NihabaAshi>	We are back within that WRB s/r zone	13:35
<Nesi>	out ER -1 817.50	13:37
<NihabaAshi>	Shorts ER2 @ 817.10 -> small size
	bad entry...gotta manage the trade now :(	13:38
<startrader>	covered at 32.50, bad entry likewise, tried to add higher.	13:39
<NihabaAshi>	Shorts ER2 @ 817.60 -> Add	13:41
	oh oh...	13:42
	another spike coming
<Nesi>	darn	13:43
<szubaark_away>	hopefully for you to the downside and me to the upside
<NihabaAshi>	Gold trying to move higher	13:44
	Oil a little flat
<Brutus>	10/26/2007 13:43 *DJ Turkey Military: Iraq Action Held Until PM's Nov US Visit-TV
<startrader>	short 2 ym at 76	13:46
<szubaark_away>	overall Weird Price Action today.. havent seen this movie in a while	13:47
<NihabaAshi>	szu...we've been spoiled with the nice volatility the past week
<szubaark_away>	yup.	13:48
<NihabaAshi>	reason why I've kepted my position size today very small.
<szubaark_away>	That big gap up really screwed up everybody's moving averages and "indicators"
<NihabaAshi>	Yesterday morning after a few trades...I was mentally exhausted...
	I called it quits early in the day.	13:49
<Tim_a>	ym cant seem to resolve 777	13:50
<NihabaAshi>	Covered 1/2 ER2 Short @ 818.60 --> - 1	13:52
	Back within the WRB s/r zone...optimum entry area for this short	13:53
<Nesi>	short ER 818.40
<NihabaAshi>	ER2 doing its own thing while not having any support from Gold nor Oil	13:55
<Nesi>	out ER 819 -.6	13:56
<szubaark_away>	slow, controlled up grind
<NihabaAshi>	Covered ER2 Short @ 818.90 --> - 1.8
	Reverse and Enter Long ER2 @ 818.90
<szubaark_away>	Niha signal or "Intuition"?
<NihabaAshi>	intuition	13:57
	not looking good so far
<startrader>	Added 4 short at 90, shout of not taken the first but will not let that stop me from taking the second.
<szubaark_away>	1536 First Brick Wall on ES
<NihabaAshi>	Exited ER2 Long @ 819.40 --> + 0.5	13:58
<szubaark_away>	since the low, every Red WRB candle was fully retraced to the upside on ES	13:59
<startrader>	That was not an average down. Two seperate trades. First one was bad.
<NihabaAshi>	Shorts ER2 @ 819.00 -> small size
	3 only	14:00
	Lets see if prices drops back inside that WRB s/r zone	14:01
<szubaark_away>	Volatility declining Fast, spike coming up either way	14:02
<NihabaAshi>	Covered all ER2 Short @ 819.60 --> - 0.6	14:03
	Long ER2 @ 820.30 -> small size	14:05
<szubaark_away>	hehe.. got the 1536 Stops.. High of day test Next	14:06
<zik_>	2:00PM EST buy programs
<szubaark_away>	They're 6 minutes Late LOL
<zik_>	obviously
	you could still make $	14:07
	dow will be +200 today
<szubaark_away>	well, now your Stop would have to be kind of Wide
<Tim_a>	that ivb was good for about 70 pts on the dow startrader	14:08
<zik_>	after we take out the day high, off to the race
	we go.
<szubaark_away>	yeah Ive been Bullish since Opening, just my timing was off	14:09
<zik_>	mkt progresses hour by hour.
	the sell off around 11:00 AM was never that strong
<szubaark_away>	NQ really threw me off today.	14:10
<zik_>	nq was a lagger of the day. ER2 somewhere in btw	14:11
<NihabaAshi>	Exited 2/3 ER2 Long @ 822.30 --> + 2
<Nesi>	vn	14:12
<zik_>	CFC wow	14:13
<startrader>	Thank's tim, while I'm getting killed short! I have other instruments working long so I can take some heat. Short now large at 38 on es
	could be a 3 min setup for me on es will add.	14:16
<Brutus>	ym hod
<szubaark_away>	Exited 1/2 Long ES at 1540.50 --> + 6.75 «« paper »»	14:17
<zik_>	here we go. off the race we go	14:18
<szubaark_away>	exit stop moved to breakeven ES @ 1533.75 «« paper »»
<Tim_a>	make that 100 ym
<NihabaAshi>	Exited Remainder ER2 Long @ 824.70 --> + 4.4
<szubaark_away>	Nice Niha. reversing until you caught the big fish	14:19
<NihabaAshi>	After a good fight over the prior three trades...	14:20
	I finally caught a decent mover.
<Nesi>	i saw it.. nice
<NihabaAshi>	Good enough to reach my profit goal for the day.
	Now I'm officially in profit protection mode...
<zik_>	this is just the beginning
	Friday short squeeze set up
<NihabaAshi>	1 contract for the remaining of the trading day.
<zik_>	just like last friday.	14:21
<Brutus>	no shorts left to squeeze z	14:25
<szubaark_away>	zik u referring to ES? looks like just a Forced Gap close by the boys
<Brutus>	pure bull power :)
<zik_>	sorry, i was referring sell off last friday.	14:26
	Friday tend to do the extremes.
<startrader>	Monthly histogram had a huge volume vacume on the es and ym up to 1540 spike on the es and 13840 on the ym. It's a great tool linked to one of the exchanges website. Am I allowed to say which one or the site naha?	14:28
<NihabaAshi>	Send the link to me via pm please	14:30
<Guest35179>	short 823	14:31
<NihabaAshi>	startrader...see pm I just sent you on irc
<szubaark_away>	hopefully ill get one more Volatility spike to the upside to exit my remainder before 3 PM Games start	14:41
<startrader>	added es short at 40.50 10 total at 39.25	14:46
* Stowe	short ym 13821	14:49
<szubaark_away>	Exited all Long ES at 1537.25 --> + 3.5 «« paper »»	14:52
	gave this enough time
<startrader>	covered 1/2 at 37.75	14:54
<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)
* Stowe	short adds to ym 13825	14:58
	short adds to ym 13838	15:02
<Guest35179>	trying to break out of this triangle pennant	15:04
	but so far holding at 822.2	15:06
	out 821.5	15:09
<Nesi>	nice
<startrader>	covered 2 es at 36.25	15:10
	covered last 3 at 35.75, now for the ym...	15:12
<Brutus>	well done ST	15:17
<startrader>	Thanks. 3 min ivb at 40% retrace of days range, not a great entry but observable, now if it was in the middle of a trending day instead of a coast to coast day I would be more excited.	15:18
* Stowe	short adds to ym 13813	15:19
<startrader>	Short ym 13809 add, looking for a selloff into the weekend.	15:26
<Joeded>	short YM 806	15:27
	cover 818 -12	15:30
	this is me...Nesi, fwiw
	i reboot and i got secondary nickname
* Stowe	short adds to ym 13826	15:31
	short adds to ym 13835	15:37
<zik_>	man, GS	15:38
<startrader>	Short at 1540 es on 6 cars.
<Brutus>	10/26/2007 15:33 DJ OIL FUTURES: Nymex Crude Ends At Record Close $91.73, Up $1.27
<startrader>	Add 6 short es 41.50.	15:41
	42 is my line in the sand.	15:42
* Stowe	short adds to ym 13840
<Joeded>	buy er 823.8	15:44
	1c
	buy ym 833	15:46
	1c
	not my day today :/
<startrader>	3 min ivb break, do not usually trade this late.
<Joeded>	out er 823 -.8	15:47
	out ym 825 -8
	aghhhh	15:48
<ItalianSharp>	given the price action of this week...i am 100% confident Bernanke will prostitute himself once again to the merce of stock market by cutting rates next week	15:49
	today all dips were being bought	15:50
	whenever mkts looked like they were gonna crash, suddenly buyers would pop out of the woods and buy
<Joeded>	darn my timing today :/	15:51
	i was off all week
	mindset all screwed up
<Tim_a>	ym was tossing a lot of fakes around in the last hour	15:52
<Joeded>	"looks" like its going to pop	15:53
	but then again, what do i know	15:54
	Niha, if you around, i sent you the email and now i would like to download the scripts..thanks
	[15:53] <Joeded> "looks" like its going to pop	15:55
	[15:54] <Joeded> but then again, what do i know
	:/	15:56
<NihabaAshi>	Joeded...I'm looking now
<Joeded>	thanks Niha
	this is Nesi
	when i reboot mirc...i got this nickname
	sorry
<NihabaAshi>	Ok...I already replied with the info	15:57
<Joeded>	yes, but i did not see where to dowload the mirc script....i will look again, thanks
<ItalianSharp>	tim, agree...i lost 3 consecutive shorts in the last hr
<startrader>	covered all es short at 39.50.
<Joeded>	spike at 4 pm.. Niha?	15:58
WRB Analysis	Learn More
<ItalianSharp>	i am done shorting this bull...they want the fed cut, let's give it to them...
<NihabaAshi>	startrader...that link is ok to be posted by you...	15:59
	Thanks.
<ItalianSharp>	this bull market has been on life support for too long by now...
	hopefully when rates touch 0%, there wont be any excuses left to avoid the inevitable	16:00
<Joeded>	have a great weekend all
<Tim_a>	given the tradeoff, the fed has chosen to make the dollar the better short, sadly
<startrader>	Link to cme and chartex, good to see historical volume. http://cme.chart-ex.com/showVolumeCharts .do?group=equities&symbol=mES&monthAndYe ar=6312626
<werner>	gn Niha, IS.all ,have a good wk all
<ItalianSharp>	yes...bernie like greenspan is the stock market whore
	this mkt is being artificially held up
	and it will fall down hard...just a matter of time	16:01
	probably when oil is at $150 per barrel and the dollar trades at 2.00 against the euro...:)
* Stowe	short adds to ym 13843
<ItalianSharp>	i remember when bernie was introduced as the new chairman, he was described as an academic	16:02
	academic my ass...
<NihabaAshi>	We have a 4:15pm est FED speech I think
<ItalianSharp>	no economics book would prompt a rate cut with such high inflation
<Joeded>	today...niha?
<NihabaAshi>	Yes	16:03
<Brutus>	============ U.S. MARKETS ACTION ===========
	DJIA up 120.96 points to 13793.28
	NASDAQ up 47.60 points to 2799.11
	S&P 500 up 19.72 points to 1534.14
	10-year T-note down 3/32 at 102 25/32 yield 4.394
	NYMEX Spot Crude up $1.40 at $91.86/bbl at close
	Dollar/Euro up 0.0058 at 1.4387
<Tim_a>	or a rate cut near market highs
<ItalianSharp>	can you guys believe this idiot is going to cut rates with oil close to $100?
<Brutus>	http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={f7389 aae-ad85-49f5-a3e8-3d8dabc2fad4}
<Stowe>	answer: yes! He's got electric boots, a mohair suit!--b-b-b-b Benie and the jets!
<ItalianSharp>	and with import prices extremely high due to a currency that is valued as much as cleenex
<NihabaAshi>	Long ER2 @ 826.10 -> small size	16:04
<Stowe>	--b-b-b-b Benie and the Feds!
<Pepe>	826.10 ??
	yes	16:05
	I am sorry I am data problem
<ItalianSharp>	i am done for teh day, week...see you guys next monday...you all have a nice weekend
<Pepe>	I have problem with my data provider now
<NihabaAshi>	I missed the pullback then back up around 1520pm est...had to do a little babysitting :)
<startrader>	Going short into the weekend at these levels on the es after unwinding everything else.	16:07
* Stowe	short adds to ym 13852----> i love weekend holdovers	16:08
<NihabaAshi>	Exited ER2 Long @ 826.70 --> + 0.6	16:09
<NihabaAshi>	First trade today I felt like it was "easy money".
	All prior trades felt like a street fight.
<Joeded>	:)
<Tim_a>	this afternoon was like fighting a seagul for a dead carp
<NihabaAshi>	:)	16:12
	#FuturesTrades Purpose -> To document your own trades and thoughts as you traverse from one trade to the next trade because it provides critical information you cannot get from your broker statements (real money or simulator)...use this room as your trade journal.	16:13
	Reminder -> #FuturesTrades chat room trade posting archived logs are posted @ http://www.thestrategylab.com/RecentTrades.htm (today's log will be updated tonight by 9pm est)
<Tim_a>	i appreciate this room, nih, high quality discussion here
<Stowe>	good vids too	16:14
<NihabaAshi>	If I can get two personal friends (remote institutional traders) to join...
	The room will suddenly get more interesting.
	Take care all and have a good/safe weekend.	16:16
<Tim_a>	u2
* NihabaAshi	is now known as NihabaAshi_away
<Joeded>	thx u too
<Stowe>	this may happen---> beware! http://video.google.com/videoplay?docid= -8461608768205730168&q=bernanke&total=42 6&start=0&num=10&so=0&type=search&plinde x=0
<Tim_a>	the feds polices since 1999 have been nothing short of terrorism	16:19
* sep34	is now known as sep34_away	16:21
<NihabaAshi_away>	That makes my list of the market video of the month :)	16:24
<NihabaAshi_away>	Geeesh...Oil charts still looking bullish above the $91 price area.	16:57
	Hopefully it doesn't stay that high going into next year or else we'll see some crazy gas at the pump prices especially with the usual OPEC or middle east tensions.	16:59
<Stowe>	yeah oil going to $500/barrel	17:00
<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)
<NihabaAshi_away>	Time to start "hedging" against things that our family and friends see having an impact on their personal finances...	17:01
	Will be trading "gasoline futures" next year if things get bad :)
* DisconnectedSession	Close: Fri Oct 26 20:38:39 2007	20:38
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