#FuturesTrades October 31st Wednesday 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: Wed Oct 31 08:29:53 cst 2007 Session Ident: #futurestrades
* Now	talking in #futurestrades	08:29
<X>	[NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<Dmi76>	gm all	08:30
<NihabaAshi>	Good morning all
<pat255>	thks N...will check them ..
	gm
	October 30: 6% for No Change versus 94
	30-Day Federal Funds futures contract	08:31
<NihabaAshi>	First interval Dark Hammer line	08:32
	be careful
<pat255>	reports: 9:45 chicago napm, 10 const spend, 10:30 oil
<NihabaAshi>	Back to back hammer lines.	08:34
<pat255>	on 1 min?
<NihabaAshi>	2min
<pat255>	ty
<NihabaAshi>	Long ER2 @ 821.60 -> large size	08:35
* subq	market profile charts for today	08:36
	http://www.charthub.com/chart/author/DA0 D7987572D7FBE3C7226C93DD52A
<ripsboy>	gm all...	08:37
<szubaark>	Shorts ES @ 1543.75 «« paper »»	08:38
<NihabaAshi>	Exited all ER2 Long @ 822.20 --> + 0.6	08:39
<szubaark>	exit stop set ES @ 1545.50 «« paper »»	08:40
<NihabaAshi>	good trade for a new strategy I'm still working on
<Nesi>	Shorts ER2 @ 821.10 «« Scalp »»	08:41
<pat255>	vn
<szubaark>	Covered 1/2 Short ES at 1542.50 --> + 1.25 «« paper »»	08:42
	exit stop moved to breakeven ES @ 1543.75 «« paper »»
<startrader>	Long ES @ 1542
<NihabaAshi>	Eurex BUND got ambushed today.
<szubaark>	?	08:43
<NihabaAshi>	szu...check out the BUND chart...you'll understand my commentary.
<szubaark>	ok.. never seen a chart of Bund before	08:44
<NihabaAshi>	It was like a "drive by shooting"...everybody with Long positions getting shot.
<Brutus>	0945/1345 Oct Chicago PMI
	Purchasing Managers Index
	(Adjusted) 54.2
	1000/1400 Sep Construction Spending
	New Construction +0.2%
	1030/1430 Oct 26 US Energy Dept Oil Inventories
	Crude Oil Stocks (in barrels) -5.3M
	Gasoline Stocks (in barrels) -2.0M
	Distillate Stocks (in barrels) -1.8M
	N/A Oct Two-Day FOMC meeting continues; interest rate decision
	expected at 2:15 p.m. EDT
<szubaark>	Covered all Short ES at 1543.75 --> 0 «« paper »»	08:45
<startrader>	Exited all ES Long @ 1543.50 --> + 1.5
<NihabaAshi>	The BUND had been in a range since last Tuesday...	08:46
	The volatility today had been long over due.
	Low volatility so far in ER2	08:47
<szubaark>	yes Niha pretty brutal if u Long.
<les>	Shorts ER2 @ 821 «« paper »»	08:49
<startrader>	42.75 is top of es value area. Not a lot of conviction on the first test. will probally take a seat on the bench for awhile. Looks like a banjo string range will set up.	08:50
<NihabaAshi>	wow...volatility dropped some more.
	Hopefully the pending 10am est economic event will shake things up a little.	08:51
	spike city right now
<les>	Covered 1/2 ER2 Short @ 819.5 --> + 1.5 «« paper »»	08:52
<startrader>	Long ES @ 1541.25	08:53
<Guest35179>	Niha, the 10am econ event you talking about is the construction spending or what?
<les>	Covered Remainder ER2 Short @ 819.2 --> + 1.8 «« paper »»
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)
<NihabaAshi>	Yes, usually it doesn't generate much volatility but when volatility is tight or extremely low like it was before that spike...	08:55
	That report can generate some interesting price action.
	http://www.forexfactory.com/calendar.php
<Guest35179>	thx
<startrader>	Long ES @ 1540.75 -> Add
<NihabaAshi>	Long ER2 @ 819.30 -> small size	08:56
	2 only
<startrader>	Exited all ES Long @ 1541.50 --> + 1	08:57
<NihabaAshi>	Oil not looking so hot right now but Gold is moving higher...	09:02
	Keeping ER2 from hitting my trailing stop	09:03
	Any weakness in Gold...I will dump ER2 on the next price movement of a few ticks.
<startrader>	gcl but in a monster hourly bar off a signifigant retrace level.	09:04
<NihabaAshi>	Exited all ER2 Long @ 820.30 --> + 1	09:05
<szubaark>	Shorts ES @ 1542 «« paper »»	09:08
<startrader>	1st 30 min close in the value area complete, barely. Additional closes within strengthen chance of closing the va to 37.50
<NihabaAshi>	Next on the plate is the 1030am est EIA Petroleum Status Report...	09:09
	After that...I'm going to take a very long break from trading and return back for the FOMC price action.
<szubaark>	exit stop set ES @ 1543.50 «« paper »»	09:11
	Covered all Short ES at 1543.50 --> - 1.5 «« paper »»	09:12
<jperl>	done for now.....not much action	09:17
	trades here....
	http://charts.dacharts.com/2007-10-31/JP ERL_0125.jpg
<szubaark>	Shorts ES @ 1542.75 «« paper »»	09:18
<startrader>	Shorts ES @ 1543.50	09:25
<szubaark>	Covered all Short ES at 1544 --> - 1.25 «« paper »»
<startrader>	Shorts ES @ 1544.25 -> Add
<szubaark>	Shorts ES @ 1544 «« paper »»	09:26
	3rd try here	09:27
<les>	Shorts ER2 @ 820.5 «« paper »»
<Nesi>	gold near high	09:30
<szubaark>	I was expecting slow, controlled creep until FOMC
<startrader>	Shorts ES @ 1544.25 -> Add
	Covered all ES Short @ 1543.25 --> + 1.25	09:32
<szubaark>	nice startrader
<Guest35179>	819.7
	long
<NihabaAshi>	So far the Oil Index and ETF's like the EIA report along with Gold	09:34
<werner>	gm niha ,wiz ,all	09:35
<NihabaAshi>	Hi werner
<Nesi>	hi
<szubaark>	exit stop set ES @ 1545 «« paper »»	09:36
<startrader>	thanks szub, trading off r1 level and painting the 15 min closes high. not an area I want to hang around at too long as they can punch it through and hit stops.	09:37
<Nesi>	Shorts YM @ 13865 -> small size «« Scalp »»
<szubaark>	no pullbacks, just straight up on low volume
<Nesi>	gold almost near day high	09:38
	oil too
<szubaark>	Covered all Short ES at 1545 --> - 1 «« paper »»
<Guest35179>	out 820.5
<szubaark>	Shorts ES @ 1545 «« paper »»	09:39
	another resistance level, lets see what happens
<Guest35179>	long 821	09:40
<les>	Covered ER2 Short @ 821 --> - 0.5 «« paper »»	09:41
	Reverse and Enter Long ER2 @ 821 «« paper »»
<startrader>	ym trading hard off r1 after double top here. See if top of range is made.
<Guest35179>	out 821.3	09:42
<startrader>	Shorts ES @ 1545.75	09:43
<les>	Exited 1/2 ER2 Long @ 821.9 --> + 0.9 «« paper »»	09:45
<startrader>	Shorts ES @ 1546.50 -> Add
<szubaark>	typical pre FOMC Crap
<Guest35179>	short 822	09:46
<les>	Exited Remainder ER2 Long @ 821.6 --> + 0.6 «« paper »»
<startrader>	Shorts ES @ 1546.25 -> Add	09:48
<les>	Shorts ER2 @ 821.8 «« paper »»	09:50
<Guest35179>	out 821.5
<Tim_a>	nice entry, star	09:51
<startrader>	Covered all ES Short @ 1545.50 --> + 1	09:52
	gettin twice as much out of ym shorts. That's why I trade two instruments often.	09:53
<Tim_a>	ym has less of a 'tick' fee to get in and out	09:54
	$5	09:55
	makes it easier to scratch bad trades	09:57
<Guest35179>	long 821.5	10:00
<startrader>	That was a pleasent ping, still had an es short and filled at 45:) Covering ym here and taking off till fed time.	10:01
<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)	10:09
<NihabaAshi>	Shorts ER2 @ 821.50 -> small size	10:12
	2 only
<Guest35179>	out 822.1	10:25
<NihabaAshi>	Covered all ER2 Short @ 822.10 --> - 0.6
<les>	Covered all ER2 Short @ 821.8 --> 0 «« paper »»	10:30
	Long ER2 @ 822.1 «« paper »»	10:33
<szubaark>	Covered all Short ES at 1547 --> - 2 «« paper »»	10:34
	:((
<NihabaAshi>	Long ER2 @ 822.90 -> small size
<szubaark>	typical ramp up til FOMC
<startrader>	Shorts ES @ 1547 -> medium size
<NihabaAshi>	My first slow entry of the day...
	May be time for a trading break.	10:35
<startrader>	ym just backed down hard again off r1. Got one more entry a little higher if we make it on the es.	10:37
<Guest35179>	long 822.1	10:40
<les>	Exited all ER2 Long @ 822.3 --> + 0.2 «« paper »»
* les	is now known as lesAway
<startrader>	Covered 2/3 ES Short @ 1546. --> + 1
<Guest35179>	out 822.9	10:41
<startrader>	Covered Remainder ES Short @ 1546.50 --> + 0.5	10:43
	not painting it my way, will take it higher if it develops.
<Tim_a>	was last bar an ivb on the ym 5 minute?	10:44
<startrader>	11:35 bar, would not give it much signifigance per the low volume. But yes it was. I prefer 3 and 15 min. See the two 3 min reversals on increasing volume off r1? That's what I like to see for confirmation at areas of s/r.	10:48
<Brutus>	10/31/2007 11:48 *DJ OIL FUTURES: Nymex Crude Hits New Intraday Record High $93.82	10:50
<startrader>	10:00 am 15 min ivb on es was good support after 9:45 bar closed so neutral.
<szubaark>	amazing, just keeps creeping higher	10:51
<Tim_a>	does the whole candle need to be inside the previous bar, or just the body?
	(to be an ivb)	10:52
<startrader>	It's Brian Hunter and the soverign wealth funds. He did the same thing in natty. Now they back him and can deliver off it.
	The whole candle. Now in very strong trends they are good for continuation. Know what context you are observing them in before you base a trade off it.	10:53
<Guest35179>	long 822.7	10:54
	out 823	10:55
<startrader>	For instance 8.19.07 3:00 pm bar on 15 min chart, continuation.
<Tim_a>	are you still talking ym?	10:56
<startrader>	es, volume and participants give es a greater chance of showing it's hand. To me at least.	10:57
	They probally painted that whole down move in oil yesterday, they know what the numbers are because they delivered it and own it in storage. Really sucked in the shorts.	10:59
<Guest35179>	short 824	11:00
<startrader>	Shorts ES @ 1547.50 -> large size	11:01
<NihabaAshi>	Exited 1/2 ER2 Long @ 824.00 --> + 1.1	11:02
<Guest35179>	out 824.5	11:03
<startrader>	Shorts ES @ 1548.25 -> Add
* lesAway	is now known as les
<startrader>	Shorts ES @ 1548.50 -> Add
<les>	took a coupla trades during that break:	11:04
<startrader>	filled nicely where I wanted to be.
<les>	Long ER2 @ 823.9 «« paper »»
	Exited all ER2 Long @ 824 --> + 0.1 «« paper »»
<Tim_a>	volume wick?
<les>	oops wrong
	Long ER2 @ 822.7 «« paper »»	11:05
	Exited all ER2 Long @ 823.9 --> + 1.2 «« paper »»
	thats better
	currently long:
	Long ER2 @ 824 «« paper »»
<NihabaAshi>	Exited Remainder ER2 Long @ 826.60 --> + 3.7	11:06
<szubaark>	Shorts ES @ 1548 «« paper »»	11:20
<les>	exit stop raised ER2 @ 826.5 «« paper »»	11:24
<Tim_a>	on ivb, is 'v' volume?	11:28
<les>	Trailing Stop Hit ER2 @ 826.5 --> + 2.5 «« paper »»
	breaktime again
* les	is now known as lesAway	11:29
<Brutus>	ivb inside vertical bar	11:33
<Tim_a>	arent they all verticle?	11:35
<Brutus>	yes, but thats the name given for a bar within the one to the left	11:44
	ovb outside vertical bar is the opposite for an engulfing bar
<NihabaAshi>	Be back later	11:48
* NihabaAshi	is now known as NihabaAshi_away
<startrader>	Covered 1/2 ES Short @ 1547.25 --> + 1.25	11:49
	Covered Remainder ES Short @ 1547 --> + 0.5	11:56
* sep34	is now known as sep34_away	11:59
<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)	12:09
* lesAway	is now known as les	12:13
<Nesi>	test	12:24
* Stowe	long ym 13883
	adds to long ym 13887	12:25
<pat255>	l 827 er paper
* Stowe	adds to long ym 13886	12:26
<Stowe>	500	12:27
<startrader>	1548.50 is the line of control on the monthly chart, highest volume price point.
<Stowe>	500? sorry...that was inadvertent
* Stowe	adds to long ym 13889	12:36
<pat255>	train left the station on L side?	12:43
* Stowe	sells ym 13912 +29,+25,+26,+23 from 13883 to 13887 longs	12:47
	short ym 13910	12:48
<NihabaAshi_away>	Reminder: If you're not used to trading the price action that occurs near/at/soon after the FOMC announcement...either stay on the sidelines of use a simulator.
* NihabaAshi_away	is now known as NihabaAshi
<mhk>	long 827.9
<pat255>	v true ...N the whipsaw can be deadly	12:49
* Stowe	adds to short ym 13906
	adds to short ym 13904	12:50
<startrader>	Everything is out of sync here, very fun.
* Stowe	CORRECTION sells ym 13912 +29,+25,+26,+23 from 13883 to 13889 longs	12:51
<mhk>	ut 826.6	12:52
* Stowe	adds to short ym 13902
<mhk>	what's going on here?	12:53
<NihabaAshi>	Shorts ER2 @ 825.50 -> small size
	Good price area to reverse if I'm wrong.
<Stowe>	manipulation on a grand scale mhk
	corruption	12:54
	mal-fee-cents
<mhk>	dang, big boys trying to push it down so they can ride it up?
<Stowe>	funny ain't it?
<Tim_a1>	dow repelled by 20 day ma
	on first touch
<NihabaAshi>	If they are...lets follow it down and exploit the manipulation.	12:55
<mhk>	payback time
<Stowe>	yeah...i've been exploited all my life---elwood blues
<Tim_a1>	i would do anything emotion based this close to fed time
<mhk>	long 824.9
* Stowe	adds to short ym 13901	12:56
<mhk>	out 825.8
* Stowe	adds to short ym 13908	12:57
* intowin_away	is now known as intowin	12:58
<NihabaAshi>	Oil and Gold "sneezed" downwards.
	Lets see if any momentum picks up downwards.	12:59
<intowin>	hey guys.. been away spraying... Had time for a premarket call today. Taking half off right here
	here was the call
<NihabaAshi>	Covered ER2 Short @ 826.30 --> - 0.8
	Reverse and Enter Long ER2 @ 826.30
<intowin>	[08:03] <intowin_away> Long ES @ 1541.25
<NihabaAshi>	2 contracts now	13:00
* Stowe	adds to short ym 13913
<intowin>	Exited 1/2 ES Long @ 1547.50 --> + 6.25
	I will ride out anything above 1542	13:01
<NihabaAshi>	Gold showing a little more downside pressure
* Stowe	adds to short ym 13911	13:02
	adds to short ym 13916	13:03
<NihabaAshi>	Exited all ER2 Long @ 825.90 --> - 0.4	13:05
<Nesi>	oil almost at day high	13:06
<codehead>	szu--potential ghosts forming on the YM 3 and 5 min
	(not trading, I have a code project deadline)
	crude oil huge range today	13:07
<werner>	wosa
<ItalianSharp>	wow...nice spike south
<codehead>	QM under 90 last night, 94.65 now
<ItalianSharp>	something leaked out or early stop running?
	50pt spike in YM in 1min	13:08
	LMAO
* Stowe	covers ym 13875 to 13870 +40,+36,+34,+32,+31,+38,+43, +35,+41 from 13901 to 13916 shorts	13:09
<NihabaAshi>	Shorts ER2 @ 825.70 -> small size	13:10
	3 only
<zik_>	25 BP = sell off?
* Stowe	short ym 13902
	adds to short ym 13901	13:11
	adds to short ym 13900	13:12
* alex_away	is now known as alex1
<NihabaAshi>	Covered all ER2 Short @ 825.30 --> + 0.4
<Stowe>	pisani: "the market will move sideways after the announcement"
* Stowe	adds to short ym 13900	13:13
	adds to short ym 13899
	adds to short ym 13896	13:14
<werner>	djeez see bid ask ym
<NihabaAshi>	Geesh
<intowin>	Exited all ES Long @ 1542 --> + 0.75
<NihabaAshi>	Long ER2 @ 822.00 -> medium size
	lots of hammers	13:15
<werner>	never seen this
<szubaark>	Covered 1/2 Short ES at 1545 --> + 3 «« paper »»
<Nesi>	25
<Tim_a1>	no man's land
<NihabaAshi>	Exited 3/4 ER2 Long @ 823.50 --> + 1.5
<szubaark>	Las Vegas
<werner>	lol
<ItalianSharp>	lol
* Stowe	covers ym 13850 +52,+51,+50,+50,+49,+46 from 13899 to 13902 shorts
<Brutus>	10/31/2007 14:15 *DJ FOMC: Will Act "As Needed" To Foster Price Stability, Growth	13:16
	10/31/2007 14:15 *DJ Fed Cuts Fed Funds Rate 0.25-Pt To 4.50%; Growth, Inflation Risks Balanced
<ItalianSharp>	mmmm...the words arent very dovish thus far
<NihabaAshi>	Exited Remainder ER2 Long @ 822.50 --> + 0.5
<szubaark>	Covered all Short ES at 1538.50 --> + 9.5 «« paper »»	13:17
* Stowe	long ym 13820
<Brutus>	go SZU
<NihabaAshi>	Shorts ER2 @ 820.30 -> large size
* Stowe	adds to long ym 13800
<NihabaAshi>	Oil ang gold still pushing downwards
<szubaark>	Buys ES @ 1537 «« paper »»	13:18
* Stowe	adds to long ym 13809
	adds to long ym 13815
<szubaark>	Exited 1/2 Long ES at 1540 --> + 3 «« paper »»
	exit stop moved to breakeven ES @ 1537 «« paper »»
<NihabaAshi>	Covered all ER2 Short @ 821.70 --> - 1.4	13:19
<szubaark>	Exited all Long ES at 1542.50 --> + 5.5 «« paper »»
	made up more then enough for the early losses	13:20
* Stowe	sells ym 13850 +50,+30,+41,+35 from 13800 to 13815 longs
<pat255>	vn
* Stowe	short ym 13839	13:21
	adds to short ym 13834
	adds to short ym 13828
<NihabaAshi>	Shorts ER2 @ 821.30 -> large size	13:22
	Oil and Gold still pointing downwards...
* Stowe	adds to short ym 13825
<NihabaAshi>	ER2 just needs to follow and I'll be up big time for the day.
* Stowe	adds to short ym 13830	13:23
<szubaark>	Buys ES @ 1538.25 «« paper »»
	Exited all Long ES at 1536.50 --> - 1.75 «« paper »»
	Shorts ES @ 1536.50 «« paper »»
* Stowe	adds to short ym 13830	13:24
<Tim_a1>	larger than 1/2 point, the dollar could have completely crashed
<Trader222>	Stowe nice trades
<Tim_a1>	they needed to send a signal they're slowing the spiggot
<Stowe>	thanks 222	13:25
<NihabaAshi>	Covered all ER2 Short @ 816.90 --> + 4.4
<szubaark>	Covered all Short ES at 1536.50 --> 0 «« paper »»
<NihabaAshi>	Holding 2 contracts
<Tim_a1>	nice nih
<szubaark>	Buys ES @ 1536.50 «« paper »»
<Trader222>	pause here at ES 1535support
<NihabaAshi>	As long at the Eminis follow the other key markets...	13:26
	I'm ok.
* Stowe	adds to short ym 13831
<NihabaAshi>	It's when they decide to do their own little thing that makes my trade management very problematic
	Gold and Oil trying to stablize :(	13:27
<szubaark>	Exited 1/2 Long ES at 1537.50 --> + 1 «« paper »»
	exit stop moved to breakeven ES @ 1536.50 «« paper »»
<NihabaAshi>	Covered Remainder ER2 Short @ 819.10 --> + 2.2	13:28
<Stowe>	[11:12] <+Stowe> pisani: "the market will move sideways after the announcement"<---he gets paid to say this
* Stowe	adds to short ym 13833	13:29
<NihabaAshi>	He probabily meant we'll "eventually" settle into a sideways price action.
	I don't think the guy was talking about the initial price surges.	13:30
<ItalianSharp>	right...after a 100pt spike, we'll settle in the middle of it
<NihabaAshi>	Volatility dropping more now...
<ItalianSharp>	might actually be right pisani
<szubaark>	Exited all Long ES at 1541 --> + 4.5 «« paper »»
<NihabaAshi>	It could setup a second price surge
* Stowe	adds to short ym 13857	13:31
<szubaark>	Shorts ES @ 1541.75 «« paper »»
<NihabaAshi>	Long ER2 @ 822.70 -> medium size	13:32
	got some charting problems right now :(
<szubaark>	:((
* Stowe	adds to short ym 13847	13:33
<NihabaAshi>	Exited all ER2 Long @ 821.00 --> - 1.7	13:34
<szubaark>	Covered 1/2 Short ES at 1540.50 --> + 1.25 «« paper »»
	Covered all Short ES at 1541.75 --> 0 «« paper »»
<Scalper>	Hi all traders
* Stowe	is now known as all
<all>	hi
* all	is now known as Stowe	13:35
<Guest35179>	long 819.9	13:36
<NihabaAshi>	Long ER2 @ 820.30 -> medium size
<Trader222>	whats the USD doing?	13:38
<NihabaAshi>	Exited all ER2 Long @ 820.60 --> + 0.3
	Geeesh
<szubaark>	so far that First Initial Drop is being retraced forcebly
<Trader222>	imo shorts want ES 1535 firmly taken out	13:39
<NihabaAshi>	doing a reboot of all my charts
<Guest35179>	out 821.5	13:41
* Stowe	adds to short ym 13860	13:43
<Guest35179>	i see 810.80 as the low after the announcement, anybody else have that? i ask because my platform sometimes have false spikes
<Trader222>	any oil traders here?
<NihabaAshi>	Long ER2 @ 821.90 -> medium size
* Stowe	adds to short ym 13884	13:44
<NihabaAshi>	Exited 3/4 ER2 Long @ 825.10 --> + 3.2	13:45
	825.00 is a key price area a few minutes before the FOMC announcement	13:46
* Stowe	adds to short ym 13900
<NihabaAshi>	As long as Oil and Gold keep going up since 2:30pm est...	13:47
	I'll hold this Long remainder.
<Nesi>	its amazing watching you trade...Niha	13:48
<NihabaAshi>	A lot of long upper shadows over the past several intervals = resistance	13:50
	Hopefully volatility contracts and then expands...taking price upwards.
<Brutus>	http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={0cb10 010-05f1-40f1-a4bd-f67f3c8609e4}	13:52
<Guest35179>	short 828.7	13:53
	out 829	13:54
	long 828.7
<NihabaAshi>	Exited Remainder ER2 Long @ 831.20 --> + 9.3	13:55
<Guest35179>	out 831.1
WRB Analysis	Learn More
<Brutus>	10/31/2007 14:53 *DJ OIL FUTURES:Nymex Crude Settles At Record $94.53/Bbl,Up $4.15
	gold 800
<NihabaAshi>	crazy...	13:57
<werner>	vn niha
<zik_>	i simply don't trade FOMC	13:58
<NihabaAshi>	now volatility is showing up over the past 5 mins
<zik_>	at all.
<Tim_a1>	that's wise
<zik_>	a lot of short term trading indicators are off
<NihabaAshi>	Impressive rebound in Gold	13:59
<Tim_a1>	i'd be better off if i didnt, and that's my new rule
<zik_>	i did so many times. conclusion: i 'd be better off just don't trade it at all
	that's the discipline.	14:00
<NihabaAshi>	Best thing about the FOMC is that it sets up some nice trades for several trading days.
<zik_>	never say never. i add /trim some my long terms here and there	14:01
	but other than that, i sit back and watch it
<NihabaAshi>	I usually have a problem trading day if its a range day soon after a FOMC announcement.
* Stowe	adds to short ym 13950	14:03
<Guest35179>	short 830
	out 829.6	14:04
	short 830.5	14:05
	out 829.9	14:06
* Stowe	adds to short ym 13948	14:08
<pat255>	dang missed that S on ym..	14:15
<Tim_a1>	ym at pre announce hod
<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	adds to short ym 13913	14:17
<Guest35179>	short 826.5	14:19
	out 826.2
	long 824.6	14:21
	out 826.4	14:22
	short 825.5	14:28
<NihabaAshi>	ER2 back within range of that 825.00 price area
	I've greatly exceeded my profit goal for the day...	14:30
	I'm officially in profit protection mode.
	Thus, 1 contract only for the remainder of the trading day.
<pat255>	vn N ...gotta do size ..else dont work
<NihabaAshi>	Long ER2 @ 825.00 -> small size	14:31
	1 only
	easy price area (825.00) to reverse my position if I'm wrong	14:32
	oh oh...	14:34
	volatility dropping.
	I'm expecting a volatility spike here soon.
<Guest35179>	out 826.5
<NihabaAshi>	Exited ER2 Long @ 826.00 --> + 1	14:36
	The one contract trading will also get my average size per trade back down to normal.	14:37
	Good day of efficient trading...of my 4 losing trades...only one of them was via a large size.	14:38
	Of my 10 winning trades..1/2 of them was via a good size.	14:39
	volatility declining again.	14:40
	I'm expecting a spike here soon.
<Guest35179>	long 826.3
<NihabaAshi>	Long ER2 @ 826.50 -> small size
<Guest35179>	out 827.4	14:41
<NihabaAshi>	Exited ER2 Long @ 827.10 --> + 0.6
<zik_>	1 contract ER2 is like 2 YMs	14:52
<pat255>	y
<zik_>	actualy 10 VS 17-18
<startrader>	Missed all that for a Holloween party at kids school!	14:54
<zik_>	i want to buy MSFT
<NihabaAshi>	Take care all...good trading today and see all tomorrow.	14:55
<codehead>	cya
* NihabaAshi	is now known as NihabaAshi_away
<Nesi>	thanks N
<pat255>	will checl msft zik tonite man nq has the momo	14:58
<Boybrutus>	.	15:01
	============ U.S. MARKETS ACTION ===========	15:02
	DJIA up 108.85 points to 13904.32
	NASDAQ up 33.88 points to 2850.87
	S&P 500 up 15.16 points to 1546.34
	10-year T-note down 21/32 at 102 8/32 yield 4.462
	NYMEX Spot Crude up $4.15 at $94.53/bbl at close.
	Dollar/Euro up 0.0045 at 1.4482
	http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={c8683 2b7-0b0f-4efc-94fe-5bdb7e3372bc}
<werner>	gn all	15:04
<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)	16:18
<szubaark>	code u around?	21:56
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Google:	#FuturesTrades past logs can be searched via using Google. For example, pretend you want to research what has been said about volatility analysis. Go to the Google search window below and type in "volatility analysis" site:thestrategylab.com (exactly as I typed it including the quotation marks) and you will find everything associated with those key words that were used by any member of  #FuturesTrades.

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NYMEX Energies Light Crude Oil CL, e-miNY QM and Natural Gas NG

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