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#FuturesTrades November 1st Thursday 2007 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+34.50	+34.50	+3112.30
$3,450	$3,450	$311,230

Profitable Trade

0837am - 0855am cst

Losing Trade

1145am - 1147am cst

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.

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: Thu Nov 01 08:36:14 2007Session Ident: #futurestrades

* Now talking in #futurestrades 08:36

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

<szubaark> Covered 1/2 Short ES at 1536.25 --> + 2 «« paper »»

exit stop moved to breakeven ES @ 1538.25 «« paper »»

<NihabaAshi> Shorts ER2 @ 813.00 -> large size 08:37

That's a lot of downside pressure...shouldn't be ignored.

<szubaark> Yes.. Dax also looks weak

<NihabaAshi> Geeesh 08:38

<szubaark> Covered all Short ES at 1530.50 --> + 7.75 «« paper »»

<NihabaAshi> Like I said yesterday...

The price action after a FOMC announcement is where the real money is being made. 08:39

<ripsboy> gm all...

<NihabaAshi> Covered 2/3 ER2 Short @ 808.00 --> + 5

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> thats a Huge Red candle on 5min ES 08:40

<werner> nice szu,niha

<szubaark> thx

<NihabaAshi> Would have been much nicer had a been prepared to trade out of the gate and gotten a Short entry around 818.00 08:42

<jperl> I'm done for now....quicky trades here....

http://charts.dacharts.com/2007-11-01/JP ERL_0126.jpg

<Pepe> nice 08:43

<ItalianSharp> today could turn into a major selloff...especially because this move is coming AFTER a rate cut 08:45

<szubaark> Shorts ES @ 1527 «« paper »» 08:46

<ItalianSharp> big time rejection by the markets

guess bernie is gonna have to lower rates to 0% to keep this market on life support

<jperl> ER2 banging against 1 year VWAP @ 808.52

<szubaark> Covered all Short ES at 1529.50 --> - 2.5 «« paper »» 08:48

Shorts ES @ 1528.50 «« paper »»

<jperl> 1 year chart here.... 08:50

http://charts.dacharts.com/2007-11-01/JP ERL_0127.jpg 08:51

<szubaark> Covered all Short ES at 1530.75 --> - 2.25 «« paper »»

<startrader> Try this, 21 ema on the shortest of timeframes, 1 and 3 min. Get in and stay in all day. Only on days like this.

<szubaark> Buys ES @ 1530.75 «« paper »»

<startrader> Shorts ES @ 1531.50

<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) 08:52

<szubaark> Exited all Long ES at 1530.75 --> 0 «« paper »» 08:53

Shorts ES @ 1530.75 «« paper »»

<les> Long ER2 @ 810.4 «« paper »»

<startrader> Shorts ES @ 1532.50 08:54

<NihabaAshi> Covered Remainder ER2 Short @ 811.90 --> + 1.1 08:55

<les> Exited 1/2 ER2 Long @ 812.2 --> + 1.8 «« paper »»

Exited Remainder ER2 Long @ 810.7 --> + 0.3 «« paper »» 08:58

<Brutus> 11/01/2007 09:55 DJ OIL FUTURES: Nymex Crude Pauses Post Rally, Falls On Stronger Dollar

1000/1400 Oct ISM Mfg Index 08:59

Manufacturing Business Index 52

1000/1400 Sep Pending Home Sales Index -6.5%

<startrader> Covered 1/2 ES Short @ 1529.75 --> + 2.75 09:03

<szubaark> nice startrader

i like your entries

<startrader> They painted that 15 min bar so being carefull here. Would like to see 1522 today. 09:04

The 21 bar ema is widely used so is not proprietary. Linda Bradford Raschke wrote about it on the public area of her site before. Just need to know the context to use it in. 09:08

27 are 50% retrace from 24th lows. 09:09

<Brutus> db es

<les> Shorts ER2 @ 806 «« paper »» 09:10

<Brutus> nope

<les> jeez - esignal gone dead here

anyone else have problems?

<Brutus> no 09:11

<szubaark> Covered 1/2 Short ES at 1525 --> + 5.75 «« paper »»

exit stop moved to breakeven ES @ 1530.75 «« paper »»

<les> come back now, with missing data... have to reload

<startrader> Covered 1/4 ES Short @ 1523.75 --> + 8.75

<szubaark> 10/26 Gap fill? 09:12

<startrader> 23.50 r2 level and 22 volume spike area on monthly price at volume

Love days like this.

<NihabaAshi> Just put FOMC announcements on your "schedule alert" and you can turn the first few trading days after a FOMC into big money :) 09:21

<Nesi> hi Niha and all

<werner> hi nesi

<szubaark> But you dont always get days like today After FOMC, sometimes they Chop to death. 09:22

<NihabaAshi> I know a few institutional traders that have their biggest profitable days within the first few days after a FOMC announcment

szu...the issue isn't ALWAYS.

The issue is "most of the time" you get a very strong directional price movement within a few days after a FOMC announcment. 09:23

I've been trading those odds for about 15 years now...

<startrader> Shorts ES @ 1528.50

<NihabaAshi> It's consistent.

Yeah...there are some chop involved...not always 09:24

<Brutus> Nq showing some strength

looks like a good bounce

<szubaark> Hopefully my remainder doesnt get hit on this counter thrust attempt 09:25

<startrader> Shorts ES @ 1529.50 -> Add 09:26

Covered 3/4 ES Short @ 1527.50 --> + 2 09:31

Shorts ES @ 1529.75 09:33

<szubaark> Covered all Short ES at 1530.75 --> 0 «« paper »» 09:34

<startrader> Shorts ES @ 1530.50 -> Add

<szubaark> Shorts ES @ 1529.50 «« paper »»

impressive counterthrust so far 09:40

<startrader> Shorts ES @ 1533

<Tim_a> they took the dow from above the 20 ma, down to the 50 ma, with nobody abourd

<startrader> Thats my line in the sand trade. 09:41

<NihabaAshi> excellent volatility today so far 09:44

Before the open I decided to triple my profit goal for the day because of the expected increased volatility. 09:45

I reached my goal the first trade.

Simply, I'm officially in profit protection mode... 09:46

<Brutus> double up

<NihabaAshi> 1 - 2 contracts only for the remainder of the trading day.

<les> have just had a wierd power failure here

like someone pressed the reste button on my pc 09:47

<NihabaAshi> UPS failure ??

<les> reset

<Dmi76> I only recovered for 2/3 of my yesterday loss

<les> ups =?

<Dmi76> power sully 09:48

supply

<NihabaAshi> Backup power supply in case your house electricty dies in the middle of trading.

<les> after the reboot my platform licenses etc werent recognised...

no it wasnt house electricity as it turned out...

<NihabaAshi> Thus, you can continue trading when there's a neighborhood blackout or blackout in your house :)

<les> first thing i checked

<Brutus> overheating cpu, check for dust build up on cooling fan 09:49

<NihabaAshi> It only happen to me once and the backup supply allowed me to make another $600 bucks in trading when the neighborhood had a blackout during a daylight thunderstorm

<les> it was just like i'd pressed the reset

Brutus - yeah that might be the kind of problem... need to look at the hardware i think 09:50

<NihabaAshi> My UPS was a christmas gift from grandparents...I think they payed like $500 bucks or so.

<les> for now just reloading all my software to get it working

seems ok now, with 2nd attempt 09:51

<Brutus> or check for a virus

<les> doubt that a virus

another possibility is a brief power outage to the house... like a few seconds 09:52

i did find one clock that stopped - but nothing else affected

<NihabaAshi> We could start seeing some chop now :(

<les> ok - all working ok... 09:54

will be back tomorrow... need to powere down and do some checking 09:55

<startrader> Covered 1/2 ES Short @ 1530.50 --> 0 10:11

Shorts ES @ 1533.50 -> large size 10:24

<Guest35179> short 811.8 10:26

out 810.5 10:27

<werner> nice entry st 10:34

<startrader> Covered 3/4 ES Short @ 1530 --> + 3.5

<werner> vn 10:35

<Guest35179> short 808.9

<startrader> Back into the 3 and 15 min ivbs. Consider the 10:45 3 min ivb as the bulk of volume was inside. 10:36

<Guest35179> out 807.8 10:37

<szubaark> this last bounce they cleaned out a lot of weak Shorts, hopefully we continue down with the trend

<startrader> Will watch that 27 area again. Got too aggressinve on initial short. All was small size and made it up on the big size.

<jperl> ER2 hanging around 1 year VWAP 808.52 10:38

<startrader> 777 on the ym, point of inflection. Would love to run it to 666. 10:42

Covered 1/4 ES Short @ 1528.25 --> + 5.25 10:49

<Tim_a> nice star

<pdays> Long ER2 @ 807.4

<startrader> Painting them up on 3 mins after ivb. Will take a quick reversal to get back in. 10:50

* Stowe covered some ym 13734 +105,+100,+94 from yesterday's 13839 to 13825 shorts 10:52

<startrader> Shorts ES @ 1529.75 -> small size

<pdays> Exited all ER2 Long @ 808.3 --> + 0.9 10:54

<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) 10:55

<startrader> Shorts ES @ 1531.50 -> Add 11:00

<Guest35179> short 810 11:05

<szubaark> geez back to to this 1533 area 11:06

<startrader> Shorts ES @ 1533.50 -> Add

* Stowe covered more ym 13758 +72,+72,+73,75 from yesterday's 13830 to 13833 shorts

<szubaark> starting to turn into another of those after FOMC Chop days 11:09

<Guest35179> out 809.3 11:10

long 809.7 11:12

* Stowe covered more ym 13760 +103,+113,+100 from yesterday's 13847 to 13860 shorts 11:16

<szubaark> exit stop set ES @ 1534.75 «« paper »» 11:18

<Brutus> loaded ask they gonna pop it

<szubaark> Covered all Short ES at 1534.75 --> - 5.25 «« paper »» 11:19

sneaky, tough Price Action here, gonna leave this alone

<Guest35179> out 810.4

<jperl> nice symmetric volume distribution on ER2 today... 11:20

seen here on this 2 minute chart....

http://charts.dacharts.com/2007-11-01/JP ERL_0128.jpg

* Stowe covered remaining ym 13764 +120,+136,+186,+184,+149 from yesterday's 13884 to 13950 shorts

<jperl> don't see this too often

<Guest35179> thx for that post jperl 11:21

<jperl> yw

<Guest35179> long 809.5 11:24

* Stowe short ym 13777 11:25

adds to short ym 13770 11:26

<Guest35179> out 808.6 11:27

* Stowe adds to short ym 13765 11:28

adds to short ym 13762 11:29

<startrader> Whew full short on at 35 average. 40% retrace from yesterday high to low, 21 bar ema on 15 min and 8.30.07 signifigan low. Just 4x my daily take here.

<Guest35179> short 808

out 807.2 11:30

<startrader> 15 min reversal bar being painted, stay in on 5 cars. be stop. 11:31

* Prowler is now known as Prowler_

<Brutus> yes was about to type that ST

<Guest35179> long 807.3

<Brutus> dax -1.7% 11:33

<Guest35179> out 807.4 11:34

<startrader> big pt on remainder or breakeven. would like to add but gotta protect it here.

<Guest35179> short 807.2

<Brutus> oops sorry

<Guest35179> out 807 11:36

time for break

<startrader> 10.26.12 1:15 pm 15 min price action very similar here. Hope it breaks the other way. 11:41

Last 777 push on the ym too!

<NihabaAshi> Long ER2 @ 807.20 -> small size 11:45

<szubaark> Shorts ES @ 1530.25 «« paper »» 11:47

<NihabaAshi> Exited ER2 Long @ 806.20 --> - 1

Long ER2 @ 806.10 -> small size 11:49

<szubaark> losing momentum to downside

<Brutus> http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={707bb e43-f365-4fbd-b146-ad7d9cc60c15} 11:50

* Stowe covers some ym 13737 +40,+40,+40 from 13777 shorts

<startrader> Nice 777 trade stowe! 11:51

<Stowe> ty star!

<NihabaAshi> volatility declining 11:52

* Stowe covers more ym 13739 +31,+31,+31 from 13770 shorts

<NihabaAshi> :( 11:53

<szubaark> its not going down either :(

<NihabaAshi> Exited ER2 Long @ 806.20 --> + 0.1

* codehead_afk is now known as codehead

<NihabaAshi> Long ER2 @ 806.40 -> small size 11:54

* Stowe covers more ym 13739 +26,+26,+26 from 13765 shorts

<NihabaAshi> Exited ER2 Long @ 807.60 --> + 1.2 11:55

* Stowe covers remaining ym 13747 +15,+15,+15 from 13762 shorts

long ym 13747 11:56

<NihabaAshi> glad I didn't give up and freeze when my prior trade rudely had its trailing stop picked off.

* Stowe adds to long ym 13745 11:57

<startrader> Hard to tell what tail is wagging the dog today, just like the action. 11:58

* Stowe adds to long ym 13745

adds to long ym 13749 11:59

<Guest35179> short 807 12:01

<pat255> hi all...what happened ...dang

missed the am session

<szubaark> hi pat.. not much just choppy now last few hours

<Guest35179> out 806.4 12:02

<pat255> opened with gap low? 12:03

* Stowe adds to long ym 13742 12:05

<szubaark> expecting Volatility spike, hopefully to downside, im Short

:( 12:06

Covered all Short ES at 1533.75 --> - 3.5 «« paper »» 12:09

<NihabaAshi> szu...your getting better with understanding the price action.

<szubaark> Buys ES @ 1533.75 «« paper »»

<NihabaAshi> At least you knew "before" the next big surge was coming.

<szubaark> thanx..

<NihabaAshi> Now you need to put together the other 1/2 of the puzzle... 12:10

The direction of that price surge

<szubaark> yes.. also working on getting better entries so if im wrong my losses will be smaller. 12:11

<pat255> vn job stowe last 2 days .. 12:13

<Stowe> ty pat

* Stowe sells some ym 13762 +16,+16,+16,+16,+17,+17,+17,+17,+13,+13, +20,+20,+20 from 13749 to 13742 longs 12:17

sells memaining ym 13760 +18, +18 from 13742 longs 12:18

<ItalianSharp> szu, entries are key...especially if you trade ES, which doesn't have mercy for bad entries 12:25

<pat255> true IT ... 12:26

<ItalianSharp> you are doing the right thing in looking for better entries...especially if you don't chase the market

<NihabaAshi> szu...once you understand the price action...if you mess up on whatever pattern signal your using... 12:29

There's still a good chance the trade will result in a profit.

When I first started...I spent many years "learning and understanding" the price action prior to my first trade (real money or simulator). 12:30

<szubaark> yes, it does take thousands and thousands of hours of screen time, everyday. 12:31

<NihabaAshi> Too many traders jump into the freezing water as soon as the whistle blows and then convince themselves they'll figure things out along the way.

<Tim_a> i'm working on entries too - a tick to get in, a tick to get out & commish - of you're not ahead of 50/50, you're losing :( 12:32

if you're

<szubaark> there is not much rook for error in this very competative arena. 12:33

rook=room

<Brutus> 11/01/2007 13:45 *DJ GM Reports 310,008 Oct Deliveries, Posting Third Consecutive Yr-Over-Yr Monthly Increase 12:45

<NihabaAshi> Long ER2 @ 804.40 -> small size 12:51

Looks like I should have waited for that 804.00 entry :( 12:52

Exited ER2 Long @ 804.10 --> - 0.3 12:53

<Brutus> ym nearing lod

<Nesi> Shorts YM @ 824 «« Scalp »» 12:54

<NihabaAshi> Shorts ER2 @ 803.70 -> small size

<Nesi> that means ER 824

<NihabaAshi> market breadth breaking down

Along with Oil and Gold

<Nesi> cover ER 803

<NihabaAshi> Hammer line trying to form 12:55

<Nesi> entry was 804, sorry

Long ER2 @ 803.50 «« Scalp »» 12:56

<NihabaAshi> Covered ER2 Short @ 803.60 --> + 0.1 12:57

Geeesh

<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) 12:58

<Nesi> Long ER2 @ 803.40 -> Add «« Scalp »»

<NihabaAshi> Long ER2 @ 803.60 -> small size 13:00

<Nesi> Exited 1/2 ER2 Long @ 804.50 --> + 1.1 «« Scalp »» 13:01

<NihabaAshi> That wasn't easy to find a entry below 804.00

<pat255> nice guys .. 13:02

<Nesi> Exited Remainder ER2 Long @ 805.30 --> + 1.8 «« Scalp »»

<NihabaAshi> Exited ER2 Long @ 805.10 --> + 1.5

<werner> nesi found one :) 13:03

<Nesi> :)

bit of luck

<werner> :)

<startrader> Just came back from raking leaves, out at 24 on all. 2x range of reversal bar subtracted from low is my pt if it is today's price action. 13:10

<Brutus> Good one ST 13:11

* Stowe long ym 13705 13:14

adds to long ym 13696 13:15

adds to long ym 13699 13:16

adds to long ym 13697 13:17

adds to long ym 13703

adds to long ym 13700 13:18

<startrader> Thanks. Been a fun week here but today is last day of trading real capital. Sold my business recently and my wife does not want me trading my capital, seriously. She works in the grain industry and has seen partners in their subsidary who trade pure prop have seven figure blow outs in last years wheat spreads. Very risk averse. That's why I have been sharing some nuggets. 13:19

<Brutus> what do u plan on doing? 13:20

* Stowe adds to long ym 13688

<Trader22> startrader: ever consider option credit spreads; rather safe. not the same ROI of futures trading; but 10-20% month per position is very doable

<Brutus> Shorts ES @ 1525 «« paper »»

* Stowe adds to long ym 13686 13:21

adds to long ym 13690

<Tim_a> i appreciate what you haves shared, star 13:22

* Stowe adds to long ym 13690 13:23

<Brutus> late entry see if it breaks down

<startrader> No idea, too young to retire at 37. Walked away from floor opportunites when I met her 11 years ago. I will be back in some capacity in the industry. Opportunites to trade for her company but mostly cash and hedgeing locally. Prop guys are in Kansas and only grains and energy.

<jperl> done for today....P/L here.... 13:24

http://charts.dacharts.com/2007-11-01/JP ERL_0129.jpg

<Pepe> nice 13:25

* Stowe adds to long ym 13683

<Brutus> Covered ES Short @ 1525.25 --> - 0.25 «« paper »» 13:27

Long ES @ 1525.5 «« paper »» 13:28

Exited ES Long @ 1525 --> - 0.5 «« paper »» 13:29

<startrader> Watch that 666 area. 15 min ivbs, would expect a lot more volume and engulfing action if this was a true db.

* Stowe adds to long ym 13678 13:30

<Tim_a> db?

<Stowe> double bottom

<NihabaAshi> weak support here...be careful

<Nesi> thx

<Stowe> now you tell me

<Tim_a> a 12 poiont fall if it broke 13:31

<NihabaAshi> I'm looking for a Long...

<Stowe> if it ain't broke don't fix it

<pat255> N & others ...when trend is down like this Dont u guys look for S as it comes

back up covering & all..?

<NihabaAshi> However, I'm looking for an entry down near 802.80 if somethiung bullish appears down there.

If it pops to the upside without me on board...no biggie. 13:32

<pat255> i c...

<Stowe> you wouldn't like my answer pat

<pat255> np stowe but willing to listen

<Stowe> i buy weakness and sell strength 13:33

most might say that's "cathing falling knives

<pat255> y ...

<Stowe> but best prices are when knives are falling

<startrader> Agreed tim, was looking at the 1512 area, might get hung up around 18. 2:30 is usually showtime for the next move.

<Stowe> since there are no "indicators" it doesn't matter when you enter a trade because there is never any way to know where it's going...if anyone knew, they' 13:34

<Tim_a> actually, i didnt even look at what was below, just calculated from db to top of arch, but a good target often has multiple verified 13:35

<Stowe> would be featured on some psychic trading show

<Tim_a> verifies

<Stowe> therefore, there is one one thing anyone can do...1. throw out all your indicators...2. scale into and out of trades...get sdome guts to ride out extreme moves and don't be too anxious...3. always understand that the other guy on the other side of the trade is just as clueless as you are 13:37

<Nesi> :)

<NihabaAshi> Volatility showing up 13:39

<Stowe> 4. don't be afraid to be wrong...5. accept the prospect of being wrong

<startrader> Shorts ES @ 1529 -> small size

<Stowe> 6. stpo trying to "explain " the market 13:40

6. stop trying to "explain " the market

<jperl> you mean all those reason I will read in the paper tomorrow about why the market did what it did today are wrong?... 13:43

I'm disappointed...lol

<Stowe> ROFL

except what pisani says

<startrader> Shorts ES @ 1530 -> Add 13:49

* Stowe sells some ym 13727 +22,+31,+28,+30,+24,+27 from 13705 to 13696 longs 14:02

<pat255> wtg stow

<Guest35179> long 806 14:10

* Stowe sells some ym 13730 +42,+44,+40,+40,+47,+52 from 13690 to 13678 longs TY PAT! 14:12

<Guest35179> out 805

short 804.7

* Stowe sells remaining ym 13714 +36 from 13678 longs 14:13

short ym 13709

adds short ym 13708 14:14

adds short ym 13705

<Guest35179> out 803.8 14:15

* Stowe adds short ym 13708

adds short ym 13707 14:16

<startrader> Covered 1/2 ES Short @ 1526.50 --> + 3.5 14:17

* Stowe adds short ym 13684 14:19

<startrader> 666 is not good.. 14:21

<Guest35179> short 801.3

out 800.2

long 799.5 14:22

out 800.3 14:23

* Stowe covers some ym 13643 +66,+65,+62 from 13709 to 13705 shorts 14:25

<startrader> Covered Remainder ES Short @ 1519.75 --> + 9.25

Holding 2 ym short for an end of dayer.

<Tim_a> awsome 14:26

<Stowe> 13583 on ym is reasonable target 14:30

maybe 566

<Guest35179> short 799.5 14:32

<Pepe> any news?

<Nesi> no

<Stowe> yeah

sure there is

<Nesi> i think he meant fresh news 14:33

<Stowe> THIS JUST IN BREAKING NEWS: "They want it to go down"

<Nesi> :)

<Pepe> :)))

<Stowe> you know that guy right? 14:34

"Mortimer They"?

<Nesi> Long ER2 @ 800.40 «« Scalp »»

<Guest35179> out 800.6 14:35

<startrader> Shorts ES @ 1518.50 14:36

<Nesi> Long ER2 @ 800.80 -> Add «« Scalp »»

<Guest35179> long 800.5 14:37

<startrader> Shorts ES @ 1519.25

<Nesi> Long ER2 @ 800 «« Scalp »» 14:40

3c total

<startrader> Covered 1/2 ES Short @ 1517.75 --> + 1.5 14:42

one more waterfall please.

<Nesi> Long ER2 @ 798.80 -> Add «« Scalp »» 14:45

sorry

i meant stopped out at 798.80

<Guest35179> out 798.5 14:46

<Nesi> vn guest

<Guest35179> nice loss you mean 14:47

<Nesi> oh,sorry

<Guest35179> short 797.3 14:48

<Tim_a> they said fed gave largest infusion of cash since 911 today 14:49

<Stowe> billions?

<startrader> Covered Remainder ES Short @ 1516 --> + 3.25

WRB Analysis

Learn More

<Stowe> trillions?

<Brutus> 51 B 14:50

<Stowe> could be zillions

<Tim_a> invest in wheelbarrows

<Stowe> aircraft carriers

ben heliocopter bernanke 14:51

<startrader> Here comes 1512, maybe a bounce? 14:52

<Trader22> this is awesome

* Stowe covers more ym 13583 +126,+125,+122 from 13709 to 13705 shorts 14:53

<Trader22> i keep wanting to cover more and every time I reach for mouse; it gets lower

<startrader> wow!

<Nesi> nice :)

<Trader22> shorts now will press for SPX 1500

<Guest35179> out 795.2

<Trader22> only whine of the day is covering some at 1516 few minutes ago; and 30seconds later is was printing 1513s :( 14:54

<startrader> Will lurk when I get the chance but not post as done trading for the forseeable future. Good trading all. 14:55

<Nesi> good luck, and thanks

<Brutus> Thanks Startrader all the best 14:56

<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) 14:58

* Stowe covers more ym 13583 +125,+124,+101 from 13708 to 13684 shorts

<startrader> Nice stowe!

<Nesi> my my

<Tim_a> incredible, stowe

* Stowe covers moremaining ym 13585 +123,+122,+99 from 13708 to 13684 shorts thanks guys 14:59

<Brutus> WTG Stowe

<Stowe> that's "remaining" not moremaining 15:00

not we'll see 566

"they" gotta make some money

<Guest35179> short 797.9 15:01

<Brutus> ============ U.S. MARKETS ACTION =========== 15:02

DJIA down 350.84 points to 13570.31

NASDAQ down 62.34 points to 2795.49

S&P 500 down 40.64 points to 1509.07

10-year T-note up 1 3/32 at 103 8/32 yield 4.335

NYMEX Spot Crude down $1.04 at $93.49/bbl at close

Dollar/Euro down 0.0029 at 1.4441

http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={bae0e 480-7507-4088-b751-fe393b6f3a55}

<Guest35179> out 796.8 15:06

<werner> gn all 15:07

<Stowe> all isn't here 15:09

wait

* Stowe is now known as all

<all> gn

* all is now known as Stowe

<Stowe> oh...he was here

<Guest35179> gn all, tomorrow should be another exciting day with the nfp 15:11

* Stowe is now known as all

<all> gn 15:12

* all is now known as Stowe 15:15

<NihabaAshi> Take care all and see all tomorrow 15:29

* DisconnectedSession Close: Thu Nov 01 15:30:00 2007

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In addition, below are the trading instruments our chat room members monitor closely to make trade decisions:

CME Emini Futures EMD, ER2, ES and NQ

CBOT mini-sized Dow Futures YM

Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50

Eurex Fixed Income Derivatives BUND, BOBL and Schatz

Euronext Futures FTSE-100 and CAC-40

CME Futures EuroFX EC

Treasury Futures T-Notes ZN, ZF and T-Bonds ZB

Forex Currencies EurUsd, EurYen and UsdCdn

Exchange Traded Funds DIA, IWM, QQQQ, SPY, OIH, XLE and GLD

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

COMEX Metals Gold GC and ZG

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