#FuturesTrades November 2nd 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 Nov 09 09:20:01 2007Session Ident: #FuturesTrades
* Now	talking in #FuturesTrades	09:20
<X>	[NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<ripsboy>	gm all..	09:28
<Brutus>	11/09/2007 09:32 *DJ Dollar Extends Losses Vs Yen As US Stocks Open Lower	09:33
<pat255>	what happened ..the bubble finally burst?
	so the markets finally figured out thing	09:36
<Tim_a>	it's a bull until it isnt - then it isnt
<NihabaAshi>	Shorts ER2 @ 768.70 -> large size	09:37
<szubaark>	Shorts ES @ 1457 «« paper »»
<NihabaAshi>	very late entry...a "chaser"
<hum_g>	what a move from 772
<NihabaAshi>	Yeah...would have been a very nice entry from the 772 price area :(	09:38
	I missed the boat on that :(
<szubaark>	Covered 1/2 Short ES at 1454.75 --> + 2.25 «« paper »»	09:39
	exit stop moved to breakeven ES @ 1457 «« paper »»
<hum_g>	its reversing
<NihabaAshi>	Covered all ER2 Short @ 768.60 --> + 0.1
<szubaark>	Covered all Short ES at 1457 --> 0 «« paper »»	09:40
<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)	09:50
<szubaark>	Buys ES @ 1456.25 «« paper »»	09:55
	Exited 1/2 Long ES at 1457.75 --> + 1.5 «« paper »»	09:56
	exit stop moved to breakeven ES @ 1456.25 «« paper »»
<Brutus>	1000/1500 Nov Reuters/ University of Michigan Survey
	Sentiment Index End month 80.9
	Sentiment Index Mid Month 80 82
	1400/1900 Bond markets close early ahead of Veterans' Day
	holiday
<Tim_a>	are equity markets closed monday?	09:57
<Brutus>	no
<szubaark>	Exited all Long ES at 1456.25 --> 0 «« paper »»	10:00
	:(
<NihabaAshi>	10am report out
	You got to have fighter jet reaction to get in and out of trades today so far :(	10:01
<pat255>	yup v risky
<szubaark>	its been like this all week.. need reflexes of a mongoose	10:02
<NihabaAshi>	If I can get a bullish signal...
	I have an easy profit target around 772	10:03
	so far...just sitting and waiting
<Tim_a>	ym had a vicious beartrap	10:05
<jperl>	This is the kind of day where 1 click DOMS really make a difference....	10:10
	trades here....
	http://charts.dacharts.com/2007-11-09/JP ERL_011.jpg
<pdays>	Long ES @ 770.3 «« paper »»
	Exited all ES Long @ 771.3 --> + 1 «« paper »»	10:11
	not paper
<NihabaAshi>	Shorts ER2 @ 771.20 -> small size	10:13
<szubaark>	Shorts ES @ 1463.25 «« paper »»	10:15
	exit stop set ES @ 1465.50 «« paper »»	10:16
<NihabaAshi>	Covered 2/3 ER2 Short @ 770.00 --> + 1.2
<szubaark>	Covered all Short ES at 1463.25 --> 0 «« paper »»	10:17
<NihabaAshi>	Covered Remainder ER2 Short @ 771.10 --> + 0.1
<szubaark>	wasnt quick enough to exit half :(
	by the time i hit transmit priced jumped 2 ticks pass me	10:18
<hum_g>	how to i get timestaps on posts	10:19
<szubaark>	click on little book in this window then you'll see "timestamp"	10:21
	Left side
<hum_g>	book
<szubaark>	next to #futurestrades
<hum_g>	thanx	10:22
<NihabaAshi>	Long ER2 @ 773.40 -> small size	10:31
<szubaark>	Niha signal or "intuition"?
<NihabaAshi>	new strategy involving back to back hammer lines
	always a problem on the trade management of it after entry :(	10:32
<szubaark>	i see we in that S/R zone of the WRB	10:33
<NihabaAshi>	Yeah...
	should retrace back up into upper area of the s/r zone	10:34
	If not...I'l reverse
<szubaark>	Buys ES @ 1463.50 «« paper »»	10:35
	so far even volatility flow, expecting volatility spike soon	10:36
	exit stop set ES @ 1461.50 «« paper »»
	hopefully to upside, im Long
<Tim_a>	ym's had 2 nasty stopruns, yesterday's lod and today's gap
<NihabaAshi>	Its setting up for another spike...if down...I'll ride it.	10:37
<szubaark>	we in the lower zone of the WRB S/R
	Exited 1/2 Long ES at 1465 --> + 1.5 «« paper »»	10:38
	exit stop moved to breakeven ES @ 1463.50 «« paper »»
	Lets see if we test the upper S/R Zone of the WRB.....	10:39
<NihabaAshi>	Exited 2/3 ER2 Long @ 774.70 --> + 1.3	10:40
<szubaark>	Nice Niha.
<NihabaAshi>	Exited Remainder ER2 Long @ 773.60 --> + 0.2	10:41
<szubaark>	Exited all Long ES at 1463.50 --> 0 «« paper »»	10:45
	:((
	tough to get any remainders going, as everything is getting retraced to the Tick.	10:46
	Shorts ES @ 1459.75 «« paper »»	10:54
	exit stop set ES @ 1461.50 «« paper »»	10:56
	Bad entry on this one
	Covered all Short ES at 1461.50 --> - 1.75 «« paper »»	11:00
	Shorts ES @ 1458.25 «« paper »»	11:02
	lots of shakes
	Covered 1/2 Short ES at 1455 --> + 3.25 «« paper »»	11:09
	exit stop moved to breakeven ES @ 1458.25 «« paper »»	11:10
* all	long ym 13069	11:15
	is now known as Stowe
<Stowe>	lol
* Stowe	CORRECTION long 13069
<szubaark>	Covered all Short ES at 1458.25 --> 0 «« paper »»	11:17
	:((
* Stowe	adds to ym long 13075
	adds to ym long 13078	11:18
	sells all ym 13122 +53,+53,+53,+49,+49,+49,+46,+46,+46 from 13069 to 13078 longs	11:28
<Tim_a>	nice stowe, was the volume hammer your entry?	11:31
<szubaark>	Shorts ES @ 1460.50 «« paper »»	11:36
	Covered 1/2 Short ES at 1459 --> + 1.5 «« paper »»	11:37
	exit stop moved to breakeven ES @ 1460.50 «« paper »»
	Covered all Short ES at 1460.50 --> 0 «« paper »»	11:38
	Buys ES @ 1462.25 «« paper »»	11:45
	expecting volatility spike soon
	Exited 1/2 Long ES at 1467.50 --> + 5.25 «« paper »»	11:47
	exit stop moved to breakeven ES @ 1462.25 «« paper »»
<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)	11:53
<Stowe>	sorry...tim...was afk right after i covered	12:00
<zik_>	so the mkt is going to rally back like yesterday?	12:01
<Stowe>	no...there's no volume or any other "indicators"...just...my best judgement that i shoulda started a long scale into that
	too bad i missed that drop to 13035
<szubaark>	Exited all Long ES at 1462.25 --> 0 «« paper »»	12:02
* Stowe	long ym 13112	12:09
	adds to long ym 13117
	adds to long ym 13120	12:10
<Brutus>	stowe so after how many years of watching the charts does one develop good judgement?	12:11
* Stowe	adds to long ym 13117
	adds to long ym 13119	12:12
* codehead_afk	is now known as codehead	12:13
<Stowe>	i didn't say it's "good" as if i only have "good" judgement...i just believe there are any "indicators" that can be used on the action of price that improve your chances to do the onlt two things that make a trader successful...and those are "getting there first"....or "getting there smarter"	12:14
<Tim_a>	116 really seems to be the ym magnet	12:15
<Stowe>	CORRECTION i didn't say it's "good" as if i only have "good" judgement...i just DON'T believe there are any "indicators" that can be used on the action of price that improve your chances to do the onlt two things that make a trader successful...and those are "getting there first"....or "getting there smarter"
<Tim_a>	115 is the close of a 'crown' formation 9:00 cst
	116	12:16
<Stowe>	therefore i don't use them...there's no such thing as an indicator that "looks forward" into the future...thus, price is the fastest indicator there is
<Brutus>	ok I understood that, I just wanted an idea of your experience
	background is not to personal	12:17
	if its
<Tim_a>	i dont think there are indicators that look forward, but price and voolume candles do reveal exhaustion and frustration
<Stowe>	i have been looking at this for a few years and i just think i see stuff better by using a combination of "experiences" that have seen patterns, selloffs, panic buying, trends...etc. and i draw upon those without hesitation that i might be wrong...i have wide stops and targets, and i'm not underfunded	12:19
	yes...i like candles..,.but i don't focus on those as a "trigger" for trading
<Brutus>	OK thx	12:21
<Stowe>	the trigger comes when i've looked at the chart and have "processed" all these "looks" in my own mind---this makes things simple...no "indicators to keep me out of a trade when i want to get in or out etc.	12:22
<szubaark>	IndiKators lol	12:23
* Stowe	adds to long ym 13110	12:25
	adds to long ym 13114	12:26
<Brutus>	I see quite often the same turning points as you do, but trying to 'time' good entries I do miss plenty and the meat of the move. Interesting method, one thats not commonly discussed	12:28
<Stowe>	that's why imo...you must scale into and out of trades
	in my case...i kinda hope i lose in the beginning of the trade so i can scale into it	12:29
	because i want to get at least a few contracts
<NihabaAshi>	Long ER2 @ 772.90 -> small size	12:31
<Stowe>	the reason it's not commonly discussed is that it insures averaging down....and that woooooooooooooo....so naughty
<NihabaAshi>	intuition trade
<Stowe>	no one's ever supposed to ave. down...lol
<Brutus>	yes, but you do have the discipline with your stops, while most who average down do so because they dont	12:32
<Tim_a>	most people average down out of denial, if you're not then it's different	12:35
<Stowe>	yes...i INTEND to scale always...never do i want just one contract in a trade...if one adheres to the simple idea of buying low and selling high, then you must have some kind of basic contrarian approach or you're just following crowd sentiment
<Tim_a>	it's the psychological process rather than the actual practice	12:36
<NihabaAshi>	Exited all ER2 Long @ 774.80 --> + 0.9
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)
<Stowe>	trading is 100% psychology
<Stowe>	period
	ym 13216 seems like a reasonable target	12:38
<Nesi>	nice Stowe	12:41
<Stowe>	if we really get 216, then i was right...	12:43
<NihabaAshi>	Shorts ER2 @ 775.30 -> small size
	intuition again
	Dark Hammer Line :(	12:44
	Covered all ER2 Short @ 775.20 --> + 0.1	12:45
	Long ER2 @ 775.80 -> small size	12:46
	Long ER2 @ 776.70 -> Add
	Exited all ER2 Long @ 775.00 --> - 2.5	12:49
	Shorts ER2 @ 774.80 -> small size	12:50
	weird price action on those surges	12:51
	Covered ER2 Short @ 774.20 --> + 0.6	12:56
	Reverse and Enter Long ER2 @ 774.20
* Stowe	adds to long ym 13127	12:57
	adds to long ym 13129	12:58
	adds to long ym 13126	12:59
<zik_>	stowe, so we're gong to rally back just yesterday?
	like	13:00
<NihabaAshi>	Exited ER2 Long @ 773.20 --> - 1
* Stowe	adds to long ym 13109
<Trader222>	on one hand , its the weekend coming; we seem to be in 'fear of what is the next bad news to come' mindset so im thinking PM selling	13:01
<Brutus>	http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={90e66 134-4994-4ff2-8083-8f9ce70e3272}	13:02
* Stowe	adds to long ym 13126	13:03
	adds to long ym 13106	13:06
	adds to long ym 13100	13:09
<NihabaAshi>	Long ER2 @ 770.70 -> medium size	13:11
	Lets see if I get some support to retest the mid-range of that prior Dark WRB	13:12
<Tim_a>	ym 100-175 is quite the box range	13:13
<NihabaAshi>	Exited 3/4 ER2 Long @ 772.10 --> + 1.4	13:15
<Tim_a>	it's basicly aug sept support as cieling vs 50 week ma as support on dow	13:18
<NihabaAshi>	Back to back hammer lines in ER2	13:19
<szubaark>	what timeframe u watching now?	13:20
<NihabaAshi>	1min until the volatility stops being erractic
<szubaark>	Shorts ES @ 1466.50 «« paper »»	13:25
	expecting volatility spike soon, hopefully to downside,im short	13:26
<NihabaAshi>	:(
<szubaark>	Covered 1/2 Short ES at 1464.50 --> + 2 «« paper »»
<NihabaAshi>	erratic price action and volatility	13:27
<szubaark>	exit stop moved to breakeven ES @ 1466.50 «« paper »»
	yup,its take your bet and hold on LOL
<NihabaAshi>	:)	13:28
<Tim_a>	without a rescue, this week's dow candle will look more bearish than mid aug	13:29
<szubaark>	days not over yet, who knows what they got Planned for rest of day.	13:30
	Covered all Short ES at 1466.50 --> 0 «« paper »»	13:31
	Buys ES @ 1467.25 «« paper »»
<Stowe>	hang on i'll call the paramedics	13:32
	yesterday all we needed was religion
<szubaark>	Exited all Long ES at 1464.50 --> - 2.75 «« paper »»	13:33
	Shorts ES @ 1463.50 «« paper »»
	exit stop set ES @ 1467.50 «« paper »»	13:35
<Tim_a>	my guess would be ym below 168, but above current lod, to leave everyone guessing
<szubaark>	no followthru so far :((	13:39
<codehead>	very good trader friend sez... if we break consolidation, we should fly, possible gap close...	13:54
	74 ER2, 1467.5 ES, 13147 YM
<Brutus>	yes gonna be a big movefrom her
	here
<szubaark>	hi code
<codehead>	hi szu
	no trades for me yet today
<szubaark>	NQ re-testing Support here	13:55
<Brutus>	Shorts ES @ 1464.5 «« paper »»	13:57
	Covered 1/2 ES Short @ 1463.5 --> + 1 «« paper »»
	Covered 1/4 ES Short @ 1463.5 --> + 1 «« paper »»	13:58
	Covered all ES Short @ 1464 --> + 0.5 «« paper »»
<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)	13:59
<NihabaAshi>	geeesh	14:01
	This thing is psychotic
<Brutus>	Shorts ES @ 1465.75 «« paper »»
<szubaark>	Covered all Short ES at 1465.75 --> - 2.25 «« paper »»
	Buys ES @ 1465.75 «« paper »»	14:02
<NihabaAshi>	Exited Remainder ER2 Long @ 774.10 --> + 3.4
<Brutus>	Covered ES Short @ 1465.25 --> + 0.5 «« paper »»
<NihabaAshi>	Felt like a roller coaster
<szubaark>	well that last dip was bought HARD	14:03
<Brutus>	Shorts ES @ 1468.5 «« paper »»	14:06
	Covered ES Short @ 1468.5 --> 0 «« paper »»
<szubaark>	expecting volatility spike soon, hopefully to upside, im Long	14:17
<Brutus>	Shorts ES @ 1471.75 «« paper »»	14:20
<szubaark>	Exited 1/2 Long ES at 1471.50 --> + 5.75 «« paper »»
	exit stop moved to breakeven ES @ 1465.75 «« paper »»
<Brutus>	Covered ES Short @ 1472.75 --> - 1 «« paper »»	14:21
<Nesi>	i am waiting for Stowe to post his trades again :)	14:22
<Tim_a>	very twitchy market	14:23
<Stowe>	me too nes
<Nesi>	you said something about 226 or so	14:24
	going your way
<Stowe>	216
<szubaark>	Exited all Long ES at 1475.25 --> + 9.5 «« paper »»	14:29
<codehead>	nice!	14:31
<Brutus>	Good trade Szu
<szubaark>	thanx.. took two Stops to catch this "Gap close" Play
	code, CCI gave NO Entry signal for this, go figure	14:32
<teresa>	szu, not to be negative or critical cause was nice trade, but I had it on live and no fill at 1475.25 and my order was in for probably 3 hours	14:36
	so careful when you acct for your record when on paper
	always give yourself slip and no fill percents	14:37
<szubaark>	I use IB high was 1475.50 fill was no problem
<teresa>	ok	14:38
<Brutus>	y on Esignal broke .25 many times
<teresa>	492 orders filled there were 1900+ in the order	14:39
	so it didnt clear them all out or even close
	jsut saying when you are in a simulator or paper careful of that
	its not reality necessarily
<szubaark>	Ive traded my Real Account for a few months before, I know what to expect in Reality (same broker)	14:41
<Brutus>	all orders were taken at 1475.25
<teresa>	my mistake
<szubaark>	also, im very familiar with my Brokers platform (Interactive Brokers) and charting software (Tradestation)	14:42
<startrader>	Did you catch the 40%er brutus? Just joined and saw the #?
<teresa>	as I said mymistake wont bother you again
* Stowe	sells some ym 13216 +104,+99,+96,+99,+97,+106 from 13120 to 13110 longs
<szubaark>	no problem, at least someones paying attention :)
<Brutus>	no ST what time?	14:43
<startrader>	Just like last Friday, massive short squeeze.	14:44
<Nesi>	right at your target, Stowe, very good
<Stowe>	tanks nes
	it's a beautiful thing	14:45
<Nesi>	not my style, but i respect your B... :)
<Tim_a>	hat's off 2u stowe
<Stowe>	tanks tim
<Tim_a>	yesterday mornig's swing low?
<Stowe>	what 216?	14:46
	yeah at 10am
	actually that was roughly 226	14:47
<Tim_a>	was that what you were basing on?
<Stowe>	and that i thought might be the apex here
	ofc i could be wrong
<Brutus>	Got some good shorts in the am but confused on the 40% u mention ST	14:48
* Stowe	sells more ym 13196 +82,+69,+67,+70,+87,+76 from 13129 to 13109 longs	14:50
<startrader>	just saw your post all order taken at 1475.25, was retrace I was refering to.	14:51
<Tim_a>	nice shot stowe
* Stowe	sells remaining ym 13190 +74,+84,+90 from 13126 to 13100 longs
<Brutus>	ok, no was on a fill price for Szu
<startrader>	gotcha
<Brutus>	Very nice Stowe NQ still at Yest LOD dont see any strenght in this rally	14:52
* Stowe	short ym 13191	14:53
<Stowe>	me neither
* Stowe	short ym 13188	14:54
<startrader>	Not a very convincing bottom, that was like a dull thumper on the es.
* Stowe	adds to short ym 13185
	adds to short ym 13180
<Brutus>	they gonna clean the floor into the close ST
	that the expression	14:55
<Stowe>	good...it's dusty
<startrader>	Only 1 and 3 min bars could get syncd up off the lows.
<Brutus>	fire the butler
<Stowe>	i can't...he's got all my money
* Stowe	adds to short ym 13181	14:56
<Brutus>	why did the gardner give the butler all his money?
<startrader>	They may paint it to the 79's on the close, put it right back where it was.
<Stowe>	because it was "sheer" luck?
<Brutus>	my guess 1440	14:57
* Stowe	adds to short ym 13180
<Brutus>	-)
<Tim_a>	so far, it's still a big downtrend channel
<Brutus>	y	14:58
* Stowe	adds to short ym 13191	15:01
<jperl>	done for today.....trades here....	15:02
	http://charts.dacharts.com/2007-11-09/JP ERL_012.jpg
	lots of scale ins....all quite profitable
* Stowe	adds to short ym 13183
<Stowe>	ym 13140 seems like a reasonable target	15:03
<startrader>	Long ES @ 1472.50 «« paper »»	15:08
* Stowe	adds to short ym 13180	15:14
<Brutus>	market is weak
<Stowe>	it's a weak week
* Stowe	adds to short ym 13184	15:15
	adds to short ym 13194	15:18
<NihabaAshi>	Long ER2 @ 779.70 -> small size	15:19
* Stowe	adds to short ym 13199
<NihabaAshi>	1 only
	Keeping my position size at the minimum because I'm in profit protection mode.
<Brutus>	Shorts ES @ 1475.25 «« paper »»	15:20
* Stowe	adds to short ym 13205	15:21
<Brutus>	exit stop set ES @ 1478 «« paper »»
<NihabaAshi>	Exited ER2 Long @ 780.10 --> + 0.4	15:22
	Reverse and Enter Short ER2 @ 780.10
	:(
	Covered ER2 Short @ 780.60 --> - 0.5	15:23
* Stowe	adds to short ym 13211	15:24
<NihabaAshi>	Got spun around on that when I didn't need to
	Shorts ER2 @ 781.20 -> small size	15:25
<Brutus>	Covered ES Short @ 1478 --> - 2.75 «« paper »»	15:26
<NihabaAshi>	Covered ER2 Short @ 780.90 --> + 0.3	15:28
	got really no where on those intuition trades :(	15:29
	Shorts ER2 @ 780.10 -> small size	15:31
* Retrieving	#FuturesTrades modes...
<startrader>	Long ES @ 1474 -> Add «« paper »»
<NihabaAshi>	Covered ER2 Short @ 777.60 --> + 2.5	15:36
* Stowe	covers some ym 13140 +51,+48,+45,+40,+41,+40 from 13191 to 13180 shorts
<NihabaAshi>	Was only looking for a point out of that and got much more
<codehead>	muy only futs trade, just got +10 YM 13146-13156, a cople seconds, too quick to post	15:37
<NihabaAshi>	Decent support area...just need a bullish signal to get long or a breakdown to get short.
	Shorts ER2 @ 776.40 -> small size	15:38
	oh oh...hammer line trying to form
	Dark Hammer Line	15:39
	Covered ER2 Short @ 777.20 --> - 0.8	15:40
	Reverse and Enter Long ER2 @ 777.20
	Exited ER2 Long @ 776.20 --> - 1	15:42
	Reverse and Enter Short ER2 @ 776.20
* Stowe	covers more ym 13126 +65,+57,+54,+58,+68,+73 from 13180 to 13199 shorts
<NihabaAshi>	volatility breakout
<Brutus>	bastids	15:43
<NihabaAshi>	Geesh...another Hammer line trying to form :(
<codehead>	this is nuts, scalped another 10 from 103--i don't want to be in more than a few seconds	15:44
* Stowe	covers more ym 13105 +100,+100,+100,+100 from 13205 shorts
<codehead>	wow nice
<NihabaAshi>	Covered ER2 Short @ 774.80 --> + 1.4	15:45
	Reverse and Enter Long ER2 @ 774.80
<codehead>	nice trades
* wtfsf	is now known as somenick	15:46
<NihabaAshi>	Exited ER2 Long @ 774.90 --> + 0.1	15:47
<Brutus>	was looking for the low at 16:15	15:48
<Tim_a>	very ugly finish for ym	15:52
<NihabaAshi>	#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.	15:53
<Stowe>	looks good to me
<NihabaAshi>	Reminder -> #FuturesTrades chat room trade posting archived logs are posted @ http://www.thestrategylab.com/RecentTrad es.htm (today's log will be updated tonight by 9pm est)
<Brutus>	I nominate Szu as GURU
<NihabaAshi>	:)	15:54
* Stowe	covers remaining ym 13060 +151,+151,+151,+151 from 13211 shorts	15:55
<Brutus>	WTG Stowe	15:56
<NihabaAshi>	Long ER2 @ 772.50 -> small size
	nice support zone here...if it moves...should test 774.00
<Stowe>	TANKS BRUT!
	all in all a good weak	15:57
	week
<NihabaAshi>	If not...I'll be out about 5 ticks...adjusting my stops now
<Stowe>	a weak week too
	bleak weak week
<Tim_a>	impressive trades today, stowe
<Stowe>	eeek
	ty tym	15:58
	notice the alliteration?
<NihabaAshi>	Here comes the 4pm est volatility spike
<Stowe>	i learned that in high school english
	in 1925
<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)	15:59
<Stowe>	'''Alliteration is the repetition of a leading vowel or consonant sound in a phrase. A common example in English is "Peter Piper Picked a Peck of Pickled Peppers".
	hence ty tym
<Brutus>	so did you get the spanish flu?	16:00
<codehead>	ow that was an ugly close
<Stowe>	no
	the spanish fly
<NihabaAshi>	Exited ER2 Long @ 774.10 --> + 1.6
	codehead...agree.
WRB Analysis	Learn More
<Brutus>	told ya they gonna sweep the floor	16:01
<Stowe>	closing on the ym low here
<NihabaAshi>	It looked like a pin ball machine with about 5 balls in play at the same time :)
<Stowe>	man...this economy is really gonna collapse
	is it clean yet?
	you missed a spot
<Brutus>	1925 u kidding right?	16:02
<Stowe>	yeah
	it was really 1825
	wait...let me check
<Brutus>	you must ahve known JL	16:03
<Stowe>	harding was in the middle a scandal back then
	tea-pot dome or something
<Brutus>	i c why you dont use indicators, you cant see the screen :)	16:04
<Stowe>	wait...let me check	16:05
	bingo
<codehead>	in the last few minutes, saw big offers drop into YM in the 60's to not let it bounce--that was major ugly
<Brutus>	============ U.S. MARKETS ACTION ===========
	DJIA down 225.01 points to 13041.28
	NASDAQ down 68.06 points to 2627.94
	S&P 500 down 21.24 points to 1453.53
	10-year T-note up 19/32 at 100 10/32 yield 4.211
	NYMEX Spot Crude up $0.86 at $96.32/bbl at close
	Dollar/Euro down 0.0166 at 2.0908	16:06
	http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={c0be1 0af-d3a6-423a-bba1-507885139862}
<Stowe>	they hadn't invented them when i could still see
<Tim_a>	bull very much in joepardy
<Brutus>	such a move many times marks the low for a while	16:07
<Stowe>	maybe hillary will save the economy
<werner>	lol	16:08
<Brutus>	good headlines for the WE black Monday BS
<Stowe>	DATELINE 11-9-2007: THIS JUST IN! "Hillary Saves the Economy by Taxing USA into Shared Prosperity!"---Details at 11pm"	16:10
<werner>	nobody is save the us, europe and china is hot today	16:14
<Stowe>	no one's gonna save us?
<werner>	hi
	usa	16:15
<Stowe>	from the evil bush tax cuts
	?
<werner>	maybe
<Brutus>	you can pay your share
<Stowe>	caymens man
<Brutus>	16:15 close enough	16:16
	OK cu7 have a good one all
<werner>	yo b
<Brutus>	yo?	16:17
<NihabaAshi>	http://www.thestrategylab.com/images/110 907NihabaAshiPnLBlotterProfit.png
<werner>	gn b
<Brutus>	gn
<Stowe>	gn all	16:19
* Stowe	is now known as all
<all>	gn
	gn werner
<werner>	hihi
	gn all
<all>	gn
	gn Stowe	16:20
* all	is now known as stowe
<stowe>	gn
<werner>	gn
	all
<stowe>	he's not here
<werner>	lol
* sep34	is now known as sep34_away	16:25
<NihabaAshi>	Take care all, have a good weekend and see all on Monday.	16:59
* DisconnectedSession	Close: Fri Nov 09 16:59:20 2007
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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.

We are proud to say that our chat room members are from the following geographical areas in the world:

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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

Hang Seng Index Futures HSI

Last of all, if you have any questions about any of the above commentary, specific trades et cetera...

Don't hesitate to ask your questions and we'll reply back as soon as possible.

Sincerely,

M.A. Perry and Associates

TheStrategyLab.com

 questions@thestrategylab.com

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