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| November Trade Log | Trade Strategies | WRB Analysis Tutorials | Music While Trading | Testimonials | Disclaimer |
#FuturesTrades
November 7th Wednesday 2007 Trade Log
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Profitable Trade 1444pm - 11446pm est Losing Trade 1313pm - 1317pm est |
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click on image to view actual size |
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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.
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 Nov 07 07:22:24 2007Session Ident: #futurestrades * Now talking in #futurestrades 07:22 <X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm <Nesi> good morning 07:26 <marrt> morning 07:44 <Nesi> morning <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) 07:58 <werner> gm all 08:16 <Nesi> hi werner 08:19 Long ER2 @ 800 -> small size «« testing »» 08:21 Exited 1/3 ER2 Long @ 801 --> + 1 «« testing »» just getting used to posting trades sell stop to enter short ER2 @ 800 «« testing »» 08:22 <werner> hi nesi 08:24 i am working on posting trades :) 08:25 <Nesi> do you have the script? 08:26 <werner> yes <Nesi> it takes practice to post it quikly <werner> indd 08:27 Nonfarm Productivity q/q (p) 08:30 <teresa> took my ES off before I went to bed ta 1520 and 1518 for +4 and +6 08:34 <werner> Long YM @ 794.40 «« testing »» 08:38 mmm Long ER2 @ 794.40 «« testing »» <Nesi> very good.. werner <werner> :) 08:39 <marrt> do the scripted trades go into the log file? <Nesi> hmm..no idea but u can see it in the website http://www.thestrategylab.com/110507Futu resTrades.htm 08:40 the log is there <werner> http://thestrategylab.com/forum/index.ph p?topic=32.0 <marrt> oh it logs the whole chat 08:41 not just the trades? <Nesi> i dont know about that 08:42 but u can see all trades in that log tho <werner> Exited all ER2 Long @ 793.50 --> - 0.9 «« testing »» 08:43 its working <Nesi> yup 08:44 <werner> i am more a ym scalp trader,so i think my trades are to fast to post them,but i am woking on too stay longer in a trade so i can post it 08:46 Shorts YM @ 543 08:50 <Nesi> is that for real? <werner> yes mmm not a good start i think 08:55 Covered all YM Short @ 544 --> - 1 09:02 * subq market profile levels for today - http://www.charthub.com/chart/author/DA0 D7987572D7FBE3C7226C93DD52A 09:17 <marrt> what application are those marketprofile charts generated by? 09:22 <Dmi76> gm all 09:28 <szubaark> Was there a News related event in Dax that caused that Drop? 09:29 <NihabaAshi> Isn't ChartHub.com for those market profile charts connected to a specific futures broker ??? <Nesi> good trading all <Brutus> check market watch szu 09:30 <werner> dito nesi <NihabaAshi> Long ER2 @ 794.90 -> large size 09:31 darn chop showed up :( 09:34 <Nesi> Long ER2 @ 795 «« paper »» <pdays> Covered all ER2 Short @ 798.1 --> + 0.7 09:35 from yesterday <les> Long ER2 @ 794.4 09:36 <NihabaAshi> Exited all ER2 Long @ 794.70 --> - 0.2 <Nesi> Exited ER2 Long @ 794.30 --> - 0.7 «« paper »» 09:37 Reverse and Enter Short ER2 @ 794.30 «« paper »» <NihabaAshi> too choppy for me <les> same here Exited all ER2 Long @ 794.6 --> + 0.2 <szubaark> Shorts ES @ 1510.25 «« paper »» <NihabaAshi> Will retry again if volatility shows up 09:38 It's flatlined right now <les> Long ER2 @ 794.7 09:39 <NihabaAshi> Gold and Oil dropping now Looks like that s/r zone is like being stuck in quicksand. 09:41 You pull away a little and it sucks you back in. <jperl> ER2 yesterday's VWAP = 793.47 09:42 <Nesi> if i am right..i am waiting at 792.3 i will stop at 795 09:43 <les> Exited all ER2 Long @ 793.7 --> - 1 09:44 <szubaark> Covered all Short ES at 1512.25 --> - 2 «« paper »» <Nesi> Covered all ER2 Short @ 795 --> - 0.7 «« paper »» <NihabaAshi> Long ER2 @ 795.10 -> large size * Stowe covered some ym 13625 +15,+13,+11 last night from yesterday’s 13640 to 13636 shorts 09:46 covered more ym 13600 +38,+37 last night from yesterday’s 13638 to 13637 shorts covered more ym 13550 +93,+99 this morning from yesterday’s 13643 to 13649 shorts covered remaining ym 13540 to 13520 +115,+114,+143,+148,+152,+159,+168 this morning from yesterday’s 13653 to 13678 shorts 09:47 <NihabaAshi> Long ER2 @ 794.80 -> Add 09:48 <Brutus> Good trade <Stowe> ty brut <les> Long ER2 @ 795.4 09:49 <NihabaAshi> :( <Brutus> did you expect a big ON move? <Nesi> pac man zone..imo <jperl> anybody lose IB? <Stowe> well...i pulled my covers when i only got three filled at 625 <Nesi> Long ER2 @ 795.30 «« paper »» 09:50 <szubaark> fine here jp <jperl> ok just came back...was out for about 30 secs <Nesi> if jumps.. i am waiting at 797.40 <Stowe> but at 600 i thought i'd get some more...but after watching bloomberg last night i decided to hold the rest <NihabaAshi> Exited 1/3 ER2 Long @ 796.40 --> + 1.6 09:51 <szubaark> Shorts ES @ 1511.75 «« paper »» 09:52 <Nesi> Long ER2 @ 794.80 -> Add «« paper »» 09:55 2 c <NihabaAshi> chop city or erratic price action 09:56 <szubaark> Covered 1/2 Short ES at 1509.75 --> + 2 «« paper »» exit stop moved to breakeven ES @ 1511.75 «« paper »» <Nesi> jumparola <szubaark> Nice Volatility spike to downside 09:57 <eminitrader> Long ES @ 1509.50 <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) 09:58 * Stowe long ym 13554 09:59 adds to long ym 13557 <Nesi> Long ER2 @ 794.30 -> Add «« paper »» <Brutus> 1000/1500 Sep Wholesale Trade Inventories +0.3% +0.1% <Nesi> 3 total * Stowe adds to long ym 13560 <Brutus> 1030/1530 Nov 2 US Energy Dept Oil Inventories 10:00 Crude Oil Stocks (in barrels) -3.9M Gasoline Stocks (in barrels) -1.3M Distillate Stocks (in barrels) +800K 1300/1800 Fed Gov Warsh speaks in New York 1310/1810 Atlanta Fed Pres Lockhart speaks on the economic outlook in Huntsville, Ala. 1315/1815 St Louis Fed Pres Poole speaks on 'market healing' in Milwaukee, Wisc. 1500/2000 Sep Consumer Credit, in dollars * Stowe adds to long ym 13555 <Brutus> Consumer Credit Outstanding 7.9B 12.2B * Stowe adds to long ym 13562 10:01 <Nesi> pressure to the upside..now..imo <eminitrader> Exited 1/3 ES Long @ 1511.50 --> + 2 * Stowe adds to long ym 13567 <szubaark> Covered all Short ES at 1511.75 --> 0 «« paper »» nice emini * Stowe adds to long ym 13564 10:02 <eminitrader> thx szu * Stowe adds to long ym 13556 <NihabaAshi> I got lots of support but ER2 not cooperating... 10:03 It's got a mind of its own right now. volatility is even across the board again :( 10:04 <szubaark> yup. <NihabaAshi> starting to look like the market is waiting on the 1030am est EIA Petroleum Status report. 10:05 <Nesi> i see coiling ER <NihabaAshi> If so, things should start getting interesting around 1015am est <eminitrader> Exited 1/3 ES Long @ 1513.25 --> + 3.75 10:06 <Nesi> nice <eminitrader> thx <Nesi> here we go..it seems 10:09 <eminitrader> Exited ES Long @ 1514.75 --> + 5.25 Reverse and Enter Short ES @ 1514.75 <Stowe> seems like ym 13630 is a reasonable target <NihabaAshi> Exited ER2 Long @ 796.10 --> + 1 Trading Edge: 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) <Tim_a> i like 607 for ym <Brutus> Nice trading E <NihabaAshi> The way price action has been so "ERRATIC"... <eminitrader> thx B <NihabaAshi> I'm lucky to get out of that trade at a profit. <Stowe> is that a more agreeable number? 10:10 <les> Exited all ER2 Long @ 795.9 --> + 0.5 <jperl> time for a break...trades here.... <eminitrader> 1515 1517 and 1519 ...nice entry for shorts ...fib levels <NihabaAshi> I also lost my patience because my target was much higher <jperl> http://charts.dacharts.com/2007-11-07/JP ERL_0110.jpg <Nesi> i am waiting 797.4 :/ <NihabaAshi> around the 797.60 price area <Tim_a> t's the volume doji lover pivot point yesterday afternoon <Brutus> yep <Tim_a> it's <szubaark> Shorts ES @ 1513.75 «« paper »» 10:11 <Stowe> it's the volume? <eminitrader> Covered 1/3 ES Short @ 1512.75 --> + 2 <Tim_a> the doji was made with reasonable volume <NihabaAshi> As long as Gold and Oil makes an attempt to go higher... 10:12 <Stowe> i like dojis <NihabaAshi> I'll stay bullish on ER2 eventhough it does those crazy erratic price retracements. <Tim_a> they're support and resistence in the making <Stowe> yeah it's all baked in CNBC: Mark Naines: "$4 Gasoline is recession territory" 10:14 CNBC: Erin Whatshername: "There's got to be a tipping point" 10:15 <Tim_a> if the refinery margin opens back up again we're $4+ <Brutus> 11/07/2007 10:12 DJ White House: $100/bbl Oil Price Not A "Magic Number" <Stowe> I thought the liberals wanted us to be more like europe at $8 a gallon---then we'd be more fair 10:16 <Tim_a> translation '$100+ is coming' <Brutus> bush clan is happy <Tim_a> iran saber rattling isnt helping dollar/oil <NihabaAshi> Oil still not doing much...still waiting. 10:22 Gold traders seem to think Oil will drop...Oil slowly "creeping" down over the past 2 mins. 10:23 <szubaark> Covered 1/2 Short ES at 1512.50 --> + 1.25 «« paper »» <les> Long ER2 @ 793.9 10:24 <NihabaAshi> contracting volatility in a few key markets <szubaark> Covered all Short ES at 1513.75 --> 0 «« paper »» 10:25 <eminitrader> Covered Remainder ES Short @ 1513.75 --> + 1 <NihabaAshi> volatility spike in Oil Gold still not convinced 10:26 <les> Exited all ER2 Long @ 794 --> + 0.1 <eminitrader> Long ES @ 1511.50 10:27 <NihabaAshi> ER2 looks like a trap for the Shorts right now. 10:28 * Stowe adds to long ym 13569 <NihabaAshi> It needs to drop another 5 ticks for me to think its not a trap...to think its really going lower. 10:29 * Stowe adds to long ym 13570 <NihabaAshi> Shorts ER2 @ 793.30 -> small size * Stowe adds to long ym 13573 10:30 <eminitrader> Long ES @ 1511.50 -> Add 10:31 <NihabaAshi> Covered all ER2 Short @ 793.10 --> + 0.2 <Stowe> good oil numbers for the market i thought <Nesi> gong up ER <les> Long ER2 @ 793.7 10:32 <Nesi> oil 98 er needs to wake up :) <szubaark> Buys ES @ 1512.25 «« paper »» 10:33 <NihabaAshi> ER2 should have retested 795.00 by now with Oil rising and Gold stabilized. sneaky little booger :( <marrt> why all long? 10:34 we are heading south from here <les> Exited ER2 Long @ 792 --> - 1.7 Reverse and Enter Short ER2 @ 792 <eminitrader> Long ES @ 1509.50 -> Add hld 10 <szubaark> Exited all Long ES at 1508.75 --> - 3.5 «« paper »» Shorts ES @ 1508.75 «« paper »» 10:35 * Stowe adds to long ym 13548 <eminitrader> Exited all ES Long @ 1507.50 --> - 6 10:36 * Stowe adds to long ym 13538 <NihabaAshi> Shorts ER2 @ 790.20 -> small size 10:37 * Stowe adds to long ym 13526 <NihabaAshi> too much downside pressure in Oil and Gold right now to be ignoring what's occurring in key markets. 10:38 All while I'm bullish (not any more). <szubaark> Covered 1/2 Short ES at 1505 --> + 3.75 «« paper »» <Brutus> need a USD chart <eminitrader> nice one szu 10:39 <les> Covered all ER2 Short @ 788.8 --> + 3.2 <szubaark> thx <les> oops that not right Covered all ER2 Short @ 788.8 --> + 3.2 10:40 oh.. it was :) <NihabaAshi> Covered all ER2 Short @ 790.00 --> + 0.2 10:41 <Dmi76> similar picture was on the dax chart today <Brutus> dax is holding nicely above support 10:44 <Dmi76> i mean morning down fall <Brutus> yes got that, but comment re dax now 10:46 * Stowe adds to long ym 13533 10:47 <les> Long ER2 @ 790.6 10:48 * Stowe adds to long ym 13532 10:50 <les> this trade's prob ok, but seems like er2 will have its bout of insanity first 10:51 <cmr> Brutus: USD Index here, if it helps: http://quotes.ino.com/chart/?s=NYBOT_DX& v=i <Brutus> k thx 10:52 <intowin> Covered all ES Short @ 1509 --> + 10 10:53 from close yesterday <szubaark> Covered all Short ES at 1508.75 --> 0 «« paper »» 10:54 Shorts ES @ 1508 «« paper »» <les> Exited all ER2 Long @ 798.6 --> + 8 11:00 oops again Exited all ER2 Long @ 789.6 --> - 1 done for today <eminitrader> later guys 11:01 * Stowe adds to long ym 13522 <szubaark> Covered 1/2 Short ES at 1505 --> + 3 «« paper »» 11:04 tough to stay in a trade, frikin every move retraces 11:06 quants doing their job LOL 11:07 <Tim_a> market's in a pretty precarious place technically 11:09 <Dmi76> Niha can ask a question 11:11 <NihabaAshi> Long ER2 @ 789.60 -> small size trying something new here 11:12 <szubaark> Buys ES @ 1508 «« paper »» 11:17 <Tim_a> aug-oct low to high was nearly equal to feb-jul low to high on spx 11:18 <szubaark> expecting Volatility spike soon, hopefully to upside, im Long. <Stowe> i like precarious <Tim_a> higher lows and highs are stalling <Stowe> and dangerous danger zone 11:19 "flying mach2 with your hair on fire <szubaark> Exited 1/2 Long ES at 1509.50 --> + 1.5 «« paper »» 11:20 exit stop moved to breakeven ES @ 1508 «« paper »» <Stowe> ofc that was classified <szubaark> Exited all Long ES at 1508 --> 0 «« paper »» 11:21 tough to stay in a trade <Stowe> CNBC: "$1000 oil...nothing to fear" oh sorry lol CNBC: "$100 oil...nothing to fear" 11:22 million dollar oil <NihabaAshi> The U.S. Dollar is doing so poorly that many key currencies, Gold and Oil is seeing money flow into them. This week I'll be switching my website services from U.S. Dollar to Canadian Dollar. 11:23 Gotta go with the flow :) <Tim_a> being world's policeman we end up prtecting other people's property, property that we sold to pay our bills 11:24 <Guest35179> Shorts ER2 @ 797.9 Covered all ER2 Short @ 790.4 --> + 7.5 <Nesi> nice 11:25 <Guest35179> that was late post as i closed position from last night <Stowe> [July 03, 2006] Are Global Supply Chains Too Risky? A Practitioner's Perspective Escalating Transportation Costs. 11:26 We have just lived through a period of $70-per-barrel oil. While there appears to be some short-term relief in sight, some have predicted that the price will hit $100 a barrel. Still others, looking out 1520 years, are predicting $300 oil. What's clear is that a severe oil shortage is likely to occur as production approaches its maximum and demand peaks near that same level. <NihabaAshi> tough price action right now <Stowe> highest predicted oil price yet 11:27 so...at $300 oil...gas is about $14/gal? 11:28 <NihabaAshi> Support just showed up for my Long position. <Stowe> "nothing to fear" <NihabaAshi> Lets see it ER2 can now go higher above the 791.00 price area Exited 1/2 ER2 Long @ 791.10 --> + 1.5 <cmr> Shorts ER2 @ 791 «« paper »» 11:30 <Stowe> so it would cost about $168 to fill a tank?---well...at $300/oil, the dollar would be worth 25 cents, so seems reasonable 11:31 <NihabaAshi> I'm going to roll the dice here and try to capture an exit around 797.60 with my trailing stop moved up now to 789.70 exit stop raised ER2 @ 789.70 <szubaark> Shorts ES @ 1507.50 «« paper »» 11:32 <NihabaAshi> Meant 797.60 - 794.80 11:33 <szubaark> short lived volatility spike to downside so far 11:38 <NihabaAshi> Got rudely pick pocketed :( 11:39 <szubaark> exit stop moved to breakeven ES @ 1507.50 «« paper »» <NihabaAshi> Trailing Stop Hit ER2 @ 789.70 --> + 0.1 <szubaark> Covered all Short ES at 1507.50 --> 0 «« paper »» <Tim_a> spx is sitting one point above 20 week ma, that could make things jittery 11:40 <Stowe> you mean make futures rally? 11:41 hope you're right, cause we need that reasonable ym 13630 target 11:42 <Tim_a> i mean it could be jumpy in the resolution of it - trend is bull, but that trend is in question, imo bulls dont end until all the bears are broke 11:44 <Stowe> maybe bears don't end until the bulls are broke 11:46 maybe chickens run for cover and pigs get slaughtered maybe there's a santa claus 11:47 <Brutus> you must trade alone :)) 11:48 <Stowe> it's a lonely dirty job but there are people who'll do it 11:49 heck, there are people who catch alaskan crab in the winter in the berring sea and live to tell about it <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) 12:01 <cmr> Covered all ER2 Short @ 788 --> + 3 «« paper »» 12:02 <NihabaAshi> Long ER2 @ 785.90 -> small size 12:31 <cmr> Long ER2 @ 786 «« paper »» <NihabaAshi> order problem on the entry and order problem on the exit attempt... 12:34 I'm still long :( <codehead> nice crude drop 12:36 a point and half fast <NihabaAshi> Exited ER2 Long @ 785.60 --> - 0.3 12:37 Reverse and Enter Short ER2 @ 785.60 <Brutus> 11/07/2007 12:33 *DJ OIL FUTURES: Nymex Crude Turns Negative, Falls Below $96/Bbl 12:38 <ItalianSharp> we got a few FED men speeches in a little bit 12:42 <Nesi> thanks <szubaark> Shorts ES @ 1503 «« paper »» 12:43 <NihabaAshi> Covered all ER2 Short @ 785.40 --> + 0.2 <szubaark> expecting Volatility spike soon, hopefully to upside, im Long. 12:45 <codehead> YM indecisive here on cci might hook up if it doesn't drop soon 12:46 <NihabaAshi> volatility contracted for some time now in ER2... Gold and Oil now contracted. <szubaark> Covered all Short ES at 1503.75 --> - 0.75 «« paper »» Buys ES @ 1503.75 «« paper »» 12:47 <NihabaAshi> Shorts ER2 @ 784.50 -> small size 12:49 <szubaark> Exited all Long ES at 1500 --> - 3.75 «« paper »» :(( Shorts ES @ 1500 «« paper »» took wrong direction bet. <NihabaAshi> Covered 2/3 ER2 Short @ 783.20 --> + 1.3 <codehead> oil dropping again 12:52 <Brutus> Long ES @ 1498 «« paper »» 12:53 got a feeling on LOD or a good bounce 2pt stop 12:54 <marrt> brutus good call also went long 1498 <NihabaAshi> Covered Remainder ER2 Short @ 784.30 --> + 0.2 12:55 <Brutus> Exited 1/2 ES Long @ 1500.5 --> + 2.5 «« paper »» thx 0 thx m <NihabaAshi> Geeesh...having a lot of trouble keeping my remainders in a position. #FuturesTrades Purpose -> No gurus, no head traders...you're here 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. 12:59 <Nesi> nice shuttle landing <Brutus> ES pattern? bullish I hope 13:00 sorry Stowe got me in the mood <szubaark> that was nice bounce play Brutus 13:01 <Nesi> shuttle touch down clap clap <NihabaAshi> Shorts ER2 @ 783.40 -> small size <szubaark> need NQ and ER catch up with NQ 13:02 <NihabaAshi> 1 only because I'm in profit protection mode after reaching my profit goal for the trading day. <Brutus> thx szu <szubaark> see some LOD hunters stepping in, lets see if they get Flushed out 13:03 <Brutus> 2 es 5min hammers <Trader222> still short from yesterday; and pondering.... SPX cash 1490 has been major major support; and bearish thoughts are if that 1490 spx level is taken out; major sell prg could hit <Brutus> Long ES @ 1499 -> Add «« paper »» <Trader222> the contration in me : many are expecting CSCO tonight to 'save the market' with techs again leading higher 13:04 <szubaark> Covered all Short ES at 1500 --> 0 «« paper »» 13:05 <NihabaAshi> Covered ER2 Short @ 784.70 --> - 1.3 <szubaark> Buys ES @ 1500 «« paper »» <Brutus> Exited 1/2 ES Long @ 1500 --> + 1 «« paper »» * sep34- is now known as SEP34 * SEP34 is now known as sep34 13:06 <NihabaAshi> Shorts ER2 @ 784.70 -> small size 13:07 starting to look a little like the market is searching for a support level to try and spring higher 13:08 <ItalianSharp> agree <codehead> szu--vegas on ym 5 min at trigger 13:09 <szubaark> code, yes 13:10 <Nesi> this can also get uglier.. <codehead> 5 min bar jsut closed right at the trigger, didn't go off <Tim_a> dow is right on the 'zero line' going back to august 13:11 <NihabaAshi> Covered ER2 Short @ 784.40 --> + 0.3 <Stowe> time to buy he said 13:12 <Brutus> Exited all ES Long @ 1498 --> 0 «« paper »» <szubaark> tough battle going on here <Trader222> keep watching spx 1490ish <NihabaAshi> Long ER2 @ 784.60 -> small size 13:13 * Stowe adds to long ym 13484 <szubaark> Nice Niha. <NihabaAshi> Looks like the FED speech is causing the choppy price action :( 13:14 volatility contracting <szubaark> Exited all Long ES at 1597 --> + 97 «« paper »» 13:15 <NihabaAshi> Not anymore :( <szubaark> Exited all Long ES at 1497 --> - 3 «« paper »» :(( <Tim_a> a 'box range' break of the last 4 days would drop us down 175 points, to the 200 day ma on the dow <szubaark> Shorts ES @ 1497 «« paper »» Wants more DOWN <Brutus> 11/07/2007 13:15 *DJ Fed's Poole: Implications Of Mkt Upset On Economy `Unclear' <szubaark> stalling again :(( 13:16 <Tim_a> i dont care what it does, as long as im on the right side of it 13:17 <NihabaAshi> Exited ER2 Long @ 782.60 --> - 2 Reverse and Enter Short ER2 @ 782.60 <szubaark> yup, i ate some Stops on that Chop zone <Brutus> Long ES @ 1494 «« paper »» * Stowe sells all longs 13470 to 13465 -84,-87,-90,-85,-92,-89,-81,-94,-95,-98, -78,-68,-56,-63,-62,-52,-14 from 13573 to 13484 longs 13:18 <Brutus> Exited ES Long @ 1494 --> 0 «« paper »» <NihabaAshi> geeesh <szubaark> Covered 1/2 Short ES at 1591.75 --> - 94.75 «« paper »» Covered 1/2 Short ES at 1491.75 --> + 5.25 «« paper »» 13:19 <Trader222> yea big sell prgs on losin SPX 1490 <NihabaAshi> The way price has been jerky... <Tim_a> 294 target on ym <Brutus> Long ES @ 1488.25 «« paper »» <NihabaAshi> I'm surprised this has turned into a "directional price action". Covered ER2 Short @ 780.90 --> + 1.7 13:20 <Brutus> Exited 1/2 ES Long @ 1491 --> + 2.75 «« paper »» <szubaark> yes but its TOUGH to catch these Volatility Bursts as they shakin good. <NihabaAshi> Hammer line...don't want to do battle with that. <Brutus> Exited 1/4 ES Long @ 1492.5 --> + 4.25 «« paper »» 13:21 * Trader222 covers 1/2 of last nite's / yesterday short 1490 +28ave <szubaark> Again, nice Brutus <Trader222> bigtypo, +23.8ave <Stowe> excellent 222 13:22 <Brutus> thx szu <codehead> crude dive <Trader222> when I saw that china plans on selling USD and buying Euro; knew today would be big red <Stowe> excellent brut like the gum? 13:23 <Brutus> drop like this sometimes causes a very good reversal <Stowe> ym 13365 seems like a good entry target 13:24 <Trader222> next lower support imo is dow cash 13,350 <Brutus> that China official has made those comments before <szubaark> yes that was Violant drop <Brutus> Chinese will never show there hand shrewed <Trader222> i'd love a close Under spx1490 13:27 * Trader222 tells self ; ok, control that Greed factor <Stowe> control your greed factor <NihabaAshi> Shorts ER2 @ 781.00 -> small size <Stowe> oh...you already told yourself 13:28 <szubaark> er and es not following nq <Stowe> i need a bag of potato chips bbiab <NihabaAshi> Covered ER2 Short @ 782.40 --> - 1.4 13:29 Reverse and Enter Long ER2 @ 782.40 Exited ER2 Long @ 784.00 --> + 1.6 13:32 <Brutus> Exited all ES Long @ 1494.5 --> + 6.25 «« paper »» 13:33 <szubaark> last drop on es almost all of it retraced, impossible to hold onto remainders :(( <NihabaAshi> volatility contracting 13:36 <szubaark> 1497 is where that drop occured, lets see if they tag it :( 13:38 <NihabaAshi> more contraction 13:39 <Brutus> be 10 pts but looks weak, NQ is not moving although it never fell as much 13:40 <NihabaAshi> Long ER2 @ 785.00 -> small size 13:41 <szubaark> Bastids <Brutus> dax close - .35% <NihabaAshi> That was more than just a volatility spike... 13:42 It was a volatility breakout. Easy reversal opportunity if my Long doens't go as plan. * Trader222 covers more ES from yesterday 1496 13:43 <NihabaAshi> volatility contracting 13:44 <Trader222> sorta early in day though for day-low <NihabaAshi> Exited ER2 Long @ 784.40 --> - 0.6 13:46 Reverse and Enter Short ER2 @ 784.40 volatility contracting 13:48 Covered ER2 Short @ 785.30 --> - 0.9 13:49 Reverse and Enter Long ER2 @ 785.30 It's stuck in a 1.5 point mud <szubaark> Covered all Short ES at 1497 --> 0 «« paper »» 13:50 Buys ES @ 1497 «« paper »» <teresa> SS ES 1496 13:53 <NihabaAshi> Exited ER2 Long @ 785.50 --> + 0.2 It's pulling back into the mud. 13:54 <teresa> Es half off 1494.5 +1.5 13:55 1496 stop and flat 2nd half 13:56 <Trader222> back to spx 1490 <NihabaAshi> Long ER2 @ 785.70 -> small size 13:57 <teresa> long ES 1496.5 out -1.25 14:00 <NihabaAshi> tough price action due to above normal number of volatility breakouts More importantly...they retrace a prior volatility breakout 14:01 Exited ER2 Long @ 783.70 --> - 2 14:02 <jperl> ER2 at 1std dev below VWAP for yearly chart, 783.78 14:04 as seen here on the far right.... 14:05 http://charts.dacharts.com/2007-11-07/JP ERL_0111.jpg 14:06 <NihabaAshi> Dark Hammer line 14:07 <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) <Trader222> Esignal: wish they had decent VWAP; or do they in the new version and I missed it? 14:08 <NihabaAshi> Long ER2 @ 784.10 -> small size <Brutus> I read new ver has it
