#FuturesTrades November 13th Tuesday 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: Tue Nov 13 05:07:43 2007Session Ident: #futurestrades
* Now	talking in #futurestrades	05:07
<X>	[NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
	#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)	07:11
<NihabaAshi>	CME EuroFX and Forex EurUsd just had a volatility spike about 4 mins ago.	08:06
<pat255>	gm N ...u trade eur this moment?
<NihabaAshi>	pat255...not trading it but it is one of my key market instruments for intermarket analysis.	08:24
	However, it is my backup trading instrument for trading days when I'm unable to trade ER2 for whatever reasons.
<pat255>	ah ha k..thks ..	08:25
	now watch gold & oil for direction ...
	N u mainly focus on 1 or 2 intruments?	08:30
* GM2	is now known as GoodMood2	08:55
* sep34_	is now known as sep34	09:02
<NihabaAshi>	[08:30] <pat255> N u mainly focus on 1 or 2 intruments?	09:10
	pat255...what do you mean by "focus" ???
<pat255>	was just wondering ..know from yourpots u mainy trade er
<NihabaAshi>	Yes, I mainly trade ER2 even thouugh its not my favorite trading instrument.	09:11
<pat255>	do u trade cl eur etc too?
<NihabaAshi>	ER2 fits nicely within my personal lifestyle whereas my favorite trading instruments do not (DAX, CAC20, FTSE100 and EuroFX).
	Yes...I trade CL as swing trade or position trade.	09:12
<pat255>	k thks
<NihabaAshi>	All my swing trades and position trades are not discussed in here.
<pat255>	k...	09:13
<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)	09:14
* subq	market profile charts for today, same bat place	09:16
	http://www.charthub.com/chart/author/DA0 D7987572D7FBE3C7226C93DD52A
* DisconnectedSession	Close: Tue Nov 13 09:22:19 2007	09:22
	Session Start: Tue Nov 13 09:32:43 2007Session Ident: #futurestrades
* Now	talking in #futurestrades	09:32
<X>	[NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTra desChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<szubaark>	Shorts ES @ 1455.25 «« paper »»
<eminitrader>	nice area to sell szu	09:33
<pat255>	oh my ..bulls out of the gate ..	09:35
<werner>	gm all	09:37
<pat255>	bulls are angry..	09:38
	oil moving up too	09:39
<surfer279>	gm all
* Stowe	sells some ym 13145 +78,+75,+74,+65,+71,+81 from yesterday's 13067 to 13080 longs	09:44
<Tim_a1>	nice comeback stowe
<pat255>	gm stowe ..
<Stowe>	tanks and gm
<Tim_a1>	i coulndnt have slept, or i'd have had weird dreams	09:45
<NihabaAshi>	Other key markets still keeping their gains while ER2 is pulling back.
<Stowe>	drinking helps
<Tim_a1>	lol
<pat255>	lol
<Stowe>	cooking wine
<NihabaAshi>	ER2 volatility declining...I'm expecting a volatility spike here soon.	09:48
	Doesn't matter to me if it takes price up or down :)
	What matters is if it sets up a trade signal.
* Stowe	sells some ym 13125 +64,+79,+85,+90,+95,+99 from yesterday's 13061 to 13026 longs	09:49
<pat255>	vn trades ...some guts to tale L yesterday eod	09:50
<NihabaAshi>	Dark Hammer Line...be careful	09:51
* Stowe	sells remaining ym 13130 +123,+115,+122,+135,+131 from yesterday's 13007 to 12995 longs
<pat255>	wow...home run	09:52
<disciple33>	did you sleep ok last night?
<Brutus>	Very nice Stowe	09:53
<Stowe>	i checked it and it was up all night...almost
<Brutus>	Disciple are you offering something?
	:))
<Stowe>	ty brut
	i get up to go to the bathroom every couple hours anyway	09:54
<Brutus>	I almost took the 1440 long, dang that Fibonacci	09:55
<Stowe>	yeah...you were saying that
	gotta listen to your own feelings
	they can be right
<jperl>	ER2 at yesterdays VWAP 777.06	09:56
* Stowe	long ym 13125	09:57
<jperl>	todays VWAP 778.42	09:58
	bouncing back and forth between those two points	09:59
* Stowe	adds to long ym 13123
<nikopa>	Hi guys , this is my first post will try to get long 13110
* Stowe	adds to long ym 13128
<Brutus>	heres my post yesterday afternoon - If you look at some of the big cap nasdaq stocks that have lead this market down - AAPL, RIMM, YHOO, GOOG they all look like they are hitting good support zones, which makes me think we are going to get a good dead cat bounce.
* Stowe	adds to long ym 13124	10:00
	adds to long ym 13122	10:01
<Stowe>	nike has a slogan for that brut	10:02
<NihabaAshi>	Long ER2 @ 778.70 -> medium size	10:03
	Tough trade with that prior long upper shadow above me.	10:04
<Brutus>	I've missed more than 9,000 shots in my career.
	I've lost almost 300 games.
	Twenty-six times, I've been trusted to take the game winning shot and missed.
	I've failed over and over and over again in my life.
	And that is why I succeed.
	Michael Jordan
<Stowe>	lol
<NihabaAshi>	Got a little choppier after the volatility spike	10:06
<Brutus>	1200/1700 Tsy Undersecy Steel speaks on financial regulations in	10:07
	Washington
	1300/1800 Fed Gov Kroszner gives keynote speech at an S&P banking
	conference in New York
	1400/1900 Oct Federal Budget, in dollars
	Budget -55B +111.56B
	1500/2000 Sep Pending Home Sales Index
	-6.5%
* Stowe	sells all ym 13150 +25,+25,+28,+28.+22,+22,+26,+28 from 13123 to 13128 longs	10:08
<jperl>	ER2 ASK-BID volume staying positive and strong today....	10:09
	up 2300 contracts
<NihabaAshi>	Exited ER2 Long @ 779.60 --> + 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)
<pat255>	oil hit hard	10:11
<NihabaAshi>	Yep
* Stowe	short ym 13149
<NihabaAshi>	Gold starting to follow...	10:12
* Stowe	adds to short ym 13150
<NihabaAshi>	Both Oil and Gold ER2 from making a new intraday high and forced me to settle for only 9 tick profit per contract.
	Meant...both Oil and Gold kepted ER2 from making a new intraday high	10:13
	ER2 fighting hard to keep its gains...
	However, if Oil and Gold continues declining...
	ER2 will reverse HARD and go south until Gold and Oil stabilize.	10:14
* Stowe	adds to short ym 13157
	adds to short ym 13160
	adds to short ym 13156	10:15
<nikopa>	short ym 13150 target 13110	10:17
<NihabaAshi>	Shorts ER2 @ 778.70 -> small size	10:18
	Other markets searching hard for a support area :(	10:19
	Covered all ER2 Short @ 778.40 --> + 0.3	10:21
	punks
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)
<Trader222>	1460 was a trade pivot yesterday; so seems higher here ; next up is 1465, then 1467.50	10:25
	however, still watching 1460 pivot for it could now rest and go sideways	10:28
<jperl>	time for a break...trades here...	10:32
	http://charts.dacharts.com/2007-11-13/JP ERL_014.jpg
<Pepe>	nice	10:33
<Nesi>	vn jperl
<jperl>	tx
* Stowe	adds to short ym 13152	10:52
	adds to short ym 13159	10:53
	adds to short ym 13163
	adds to short ym 13160
	adds to short ym 13171	10:54
<szubaark>	Covered all Short ES at 1461 --> - 5.75 «« paper »»
	Buys ES @ 1461 «« paper »»
* sep34	is now known as sep34_away	10:56
* Stowe	adds to short ym 13167
<NihabaAshi>	Long ER2 @ 778.80 -> small size	11:02
	intuition trade only...trying something new
	Exited all ER2 Long @ 780.30 --> + 1.5	11:05
<Pepe>	nice	11:07
<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)	11:20
* Stowe	adds to short ym 13179	11:24
<pat255>	mkt go higher cuz of oil?	11:25
<Stowe>	i think it's because they want to make it go higher	11:26
<pat255>	:)
* Stowe	adds to short ym 13184	11:28
	adds to short ym 13193	11:29
	adds to short ym 13190	11:30
	adds to short ym 13206	11:36
	adds to short ym 13198	11:40
* Trader222	Short ES 1465	11:41
<Trader222>	been waiting for that for over hour
<Stowe>	me too	11:42
<Brutus>	11/13/2007 11:46 *DJ OIL FUTURES: Nymex Crude Selloff Accelerates, Falls Below $92	11:48
	11/13/2007 11:46 *DJ Gold Falls Through $800 On Sell Stops, Crude Oil Losses	11:49
<Stowe>	how low can it go?
	$85?
	man...i better fill up ...at these prices, this economy is gonna surge!	11:50
* Trader222	cover some ES 1463+2
* codehead_afk	is now known as codehead	11:53
<Stowe>	all we need is one more rate cut, a hillary administration, so we can negotiate peacefully with terrorists, and our problems are solved!	11:54
<Trader222>	test
<Nesi>	a+
<szubaark>	Exited all Long ES at 1461 --> 0 «« paper »»	11:55
	didnt get a good exit signal at the Top :(
	Shorts ES @ 1462.75 «« paper »»	12:07
<KnnK>	Long ER2 @ 779.70	12:10
<rv>	Stowe, did you keep that YM long overnight?	12:14
<Stowe>	yes
	sold it this morning	12:15
<NihabaAshi>	Shorts ER2 @ 778.40 -> small size
<KnnK>	Exited all ER2 Long @ 778.50 --> - 1.2
<NihabaAshi>	1 only
<rv>	great!
<NihabaAshi>	Covered ER2 Short @ 778.90 --> - 0.5	12:20
	Long ER2 @ 779.10 -> small size	12:23
	1 only
	Exited ER2 Long @ 780.20 --> + 1.1	12:25
<Guest35179>	Shorts ER2 @ 779.9	12:40
<Stowe>	Bush Speech on Deck	12:41
<Brutus>	11/13/2007 10:38 *DJ Bush Vetoes Health And Education Spending Bill	12:43
	prolly explaining that	12:44
<Stowe>	it's gonna be about budget and tax issues	12:47
<Brutus>	ok
<Stowe>	usually the market drops when he speaks	12:48
<Brutus>	i think everyones onto that, dont work no more	12:49
<Tim_a1>	more often than not
<Stowe>	"read my lips"..."your taxes will never be lower"	12:50
	suspicious package found at airport in phoenix	12:51
<Tim_a1>	you're in bay area, arent you stowe?
<Stowe>	yes	12:52
<Guest35179>	Covered all ER2 Short @ 779.3 --> + 0.6
<Tim_a1>	my sister lives in piedmont, i'm in iowa
<Stowe>	im in sf
<Tim_a1>	beautiful city
<Stowe>	it used to be beautifuller	12:53
	like back in 1968
<Tim_a1>	less crouded?
<Stowe>	yes...less vagrants	12:54
<Fleneer>	sf needs a different mayor. Wouldn't let the military video for recruiting.	12:55
<Tim_a1>	bet the seals on peir 47 are po'ed about the oil	12:56
<ItalianSharp>	bush speaking	12:57
<Brutus>	watch for possible fakeout	12:58
<szubaark>	to upside?
<Brutus>	y
	upside cotinuation	12:59
<szubaark>	they just took out some Support here
	plus NQ starting to Bleed
<Brutus>	nq ym ait sup	13:00
<rv>	Brutus, what support for nq? Don't see any low or high in that area	13:03
<Brutus>	I may be wrong, see the consilitation zone after 10:10	13:05
<rv>	ok, tnx, I'm not sure that's big support, but could be	13:07
<Brutus>	Long ES @ 1460 «« paper »»
<rv>	support would be at 2025 imo	13:08
	now it's at resistance
	down trendline
	and 2034 area	13:09
<Brutus>	Exited 1/2 ES Long @ 1461 --> + 1 «« paper »»	13:16
	not a convincing fakeout :)	13:17
<Guest35179>	Long ER2 @ 779.4	13:21
<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)	13:23
<Brutus>	needs to pop hard	13:24
<Guest35179>	Exited all ER2 Long @ 780.1 --> + 0.7
	Long ER2 @ 779.5	13:27
	if it breaks here should go to 781-782	13:28
	Exited all ER2 Long @ 781 --> + 1.5	13:30
<Brutus>	Exited 1/4 ES Long @ 1464.25 --> + 4.25 «« paper »»	13:33
<NihabaAshi>	Shorts ER2 @ 781.10 -> small size	13:35
	intuition and and I already don't like what I just did :(
<szubaark>	nice Brutus, I still have no clue why 1459 held as Support :))	13:36
<Brutus>	Exited all ES Long @ 1464.75 --> + 4.75 «« paper »»
	the bush effect
	file it
<szubaark>	ohh.. i need to act George W.Bush to my Trading Arsenal.	13:37
	add
<NihabaAshi>	Covered ER2 Short @ 780.70 --> + 0.4
<Guest35179>	Long ER2 @ 781.3
<szubaark>	Covered all Short ES at 1464.75 --> - 2 «« paper »»	13:38
<NihabaAshi>	Shorts ER2 @ 781.90 -> small size
<Guest35179>	Exited all ER2 Long @ 782 --> + 0.7
<NihabaAshi>	I got an extra 4 lucky ticks to play with from the prior trade
<szubaark>	Shorts ES @ 1464.75 «« paper »»	13:39
<NihabaAshi>	Oh oh...
<Guest35179>	if it breaks here should go to 783-784	13:40
<NihabaAshi>	Covered ER2 Short @ 782.20 --> - 0.3
<Brutus>	[13:00:48] <Brutus> nq ym at sup
	YM and NQ are better for S/R imo	13:42
<NihabaAshi>	Long ER2 @ 783.00 -> small size	13:43
<Brutus>	Shorts ES @ 1467.5 «« paper »»
	oops
<szubaark>	geez, caught that WRB spike, now have to eat Wide Stop :((	13:44
<Brutus>	Shorts ES @ 1468.5 «« paper »»
<Trader222>	almost shrted es 65; so glad didn't
<szubaark>	thats where i Shorted :)
<NihabaAshi>	Exited ER2 Long @ 783.10 --> + 0.1	13:45
	Buying a intraday high is a tough psychological trade to do :(	13:47
<Brutus>	Covered 1/2 ES Short @ 1467.5 --> + 1 «« paper »»	13:48
<NihabaAshi>	Shorts ER2 @ 783.30 -> small size
	I'm only looking for some ticks...not looking for my usual points.	13:49
	:(	13:50
<szubaark>	bastids
	Covered all Short ES at 1469.50 --> - 4.75 «« paper »»
<Brutus>	Shorts ES @ 1469.5 -> Add «« paper »»	13:51
<szubaark>	these creeper trend days are tough to trade
<cmr>	Not reported, bought some DIA calls yesterday ... on the green now ...	13:52
<szubaark>	Shorts ES @ 1468.25 «« paper »»	13:53
<NihabaAshi>	Covered ER2 Short @ 783.60 --> - 0.3
	Reverse and Enter Long ER2 @ 783.60
	Exited ER2 Long @ 783.20 --> - 0.4	13:56
	volatility declining	13:59
	Shorts ER2 @ 783.10 -> small size	14:00
	oh oh again	14:02
<ItalianSharp>	YM still has a gap from a few days ago to be filled
	within striking distance now
<NihabaAshi>	volatility declining in several key markets at the same time	14:03
	Something is going to pop as in a nice spike.
<Brutus>	Covered all ES Short @ 1466.5 --> + 5 «« paper »»
<NihabaAshi>	Hopefully downwarnds and not upwards.
<ItalianSharp>	i'd be surprised to see a reversal to the downside before the gap gets filled...yet, anything can happen
<Brutus>	+3 and +2
<NihabaAshi>	Covered ER2 Short @ 783.30 --> - 0.2	14:05
	Reverse and Enter Long ER2 @ 783.30
	2 contracts
	:(	14:06
<ItalianSharp>	oil rising while gold halted	14:10
<NihabaAshi>	Exited all ER2 Long @ 784.00 --> + 0.7	14:13
WRB Analysis	Learn More
<ItalianSharp>	YM just ticks away from gap close
<NihabaAshi>	contracting volatility the way I like it :)	14:15
	I'm expecting a volatility spike here soon.
	Hopefully it sets up a nice trade.
<ItalianSharp>	today's rally looks more like a dead-cat bounce rather than real buying	14:17
	most of S&P sectors aren't confirming this upmove	14:18
<Guest35179>	Long ER2 @ 784
	Exited all ER2 Long @ 784.6 --> + 0.6
<Trader222>	saw a long at 67.50es few min ago; for some reason, couldn't do it :(	14:19
<ItalianSharp>	YM just filled in its gap...ready to go down now?
<Brutus>	u still short T222?	14:21
<NihabaAshi>	Italian...its not weak until Oil and Gold gives it permission to decline :)	14:22
	Shorts ER2 @ 784.40 -> small size
<Trader222>	so was short way earlier at 1465; covered for +2, +3; and then while I was away B/E stop hit; traded some YM short for tiny gain; just having had time longing the last 2hours. best roi trade today was some bullish aapl credit spreads opened yesterday
<Brutus>	k	14:23
<NihabaAshi>	:(	14:24
	too much of a fight in this price area
<Guest35179>	Long ER2 @ 784.1	14:25
	Exited all ER2 Long @ 784.4 --> + 0.3	14:26
<NihabaAshi>	Covered all ER2 Short @ 784.20 --> + 0.2	14:27
	Those back to back hammer lines so close to each other are too tough to do battle with.	14:28
	I was hoping for price action like this to trade within the price action that chops around as it makes intraday highs...	14:30
	To get better at keeping my losses small in price action like this.
	In the past, I had a habit of taking too big of a loss in this type of price action.
	Gold now showing some weaknes while Oil is showing some strength	14:31
	Contradiction in the intermarket analysis (everybody not on the same page).	14:32
<Guest35179>	Shorts ER2 @ 784.3	14:34
	Covered all ER2 Short @ 784.6 --> - 0.3	14:37
<Tim_a1>	dow struggling against 200 day ma	14:38
<Guest35179>	Long ER2 @ 784.8
<NihabaAshi>	I'm expecting another volatility spike here soon	14:41
<sav>	if it gets thru 785.0	14:43
<Guest35179>	Exited all ER2 Long @ 784.5 --> - 0.3	14:44
<NihabaAshi>	I picked a good trading day to not be aggressive and take it easy today.
	With that said, I'm going to go into my "profit protection mode" because I am above my profit goal for the day.	14:45
	Thus, 1 contract only for the remainder of the day.
	Long ER2 @ 784.40 -> small size
	I almost stole a 784.30 entry :)	14:46
	ER2 should have easily pushed above that 785 barrier	14:47
	Ooops...it just did :)
	volatility spike
	Exited ER2 Long @ 785.20 --> + 0.8	14:48
<szubaark>	Covered all Short ES at 1473.25 --> - 5 «« paper »»
<Brutus>	creeper uptrend	14:50
<NihabaAshi>	That was a nice "volatility spike" but not a "volatility breakout"...
	Yep, its a creeper uptrend :)
<szubaark>	Wow, just keeps creeping higher, stay away from this crap now, taking tolo many hits.
<NihabaAshi>	szu...I'm calling it quits. I really don't like trading for ticks and prefer to be in trades where the goal is points (not ticks) for my day trades.	14:52
<Brutus>	They are lifting it as high as they can before it gets dropped on its arse
<Trader222>	today one of those days at 4pm ya look at charts and say 'how did I miss most of this" :(
<Brutus>	not today imo
<NihabaAshi>	Be back later to watch how this thing starts to close around 4pm est.
* NihabaAshi	is now known as NihabaAshi_away	14:53
<szubaark>	If i get carried away i get Slaughtered on creeper trend days.. bets to stay away from this, unless you Insider.
	slow, controlled buying by the Bots.	14:54
<Brutus>	short stops at evey level + unwillingness of everyone to turn on the first day make for a creeper run
* Stowe	covers all ym 13255 -105,-103,-95,-99,-103,-96,-92,-95,-84,- 88,-76,-71,-62,-55,-60,-49,-57 from 13149 to 13206 shorts	14:56
<szubaark>	At end of day this will look like a easy trend day, but in real time this was Tough to read or get aboard.
<Brutus>	You still doing well today Stowe	14:57
<Stowe>	yes	14:58
<rainer>	Shorts YM @ 13255
	Covered all YM Short @ 13260 --> - 5	14:59
<Brutus>	1500/2000 Sep Pending Home Sales Index
	-6.5%
	11/13/2007 15:00 *DJ US Pending Home Sales Index +0.2% In Sep - NAR	15:01
	this is all because of Options exp week	15:02
* Stowe	short ym 12285	15:04
<Brutus>	http://www.elitetrader.com/vb/attachment .php?s=&postid=1675869
* Stowe	adds to short ym 12286	15:05
	adds to short ym 12286 to 13282
	adds to short ym 12282 to 13280
	adds to short ym 12293	15:06
<ItalianSharp>	NQ almost up 4%
* Stowe	adds to short ym 12292
<ItalianSharp>	this creeping uptrend seems to have no end
* Stowe	adds to short ym 12291
	adds to short ym 12290	15:07
<Trader222>	is it just me; or others sitting there in self-disgust for not longing this hours ago? :(	15:08
* Stowe	adds to short ym 12295
	adds to short ym 12294
<ItalianSharp>	trader222: i am not in disgust simply because these days are rare and it's better to stick to your trading plan...if your trading plan doesnt allow to catch these moves, so what? there is always tomorrow	15:09
<Trader222>	:) misery loves company; hence my question lol
<ItalianSharp>	:)
	i am really wondering what the major cause of this is	15:10
<Trader222>	OpxWeek
<Stowe>	well...i like your proper use of the word "hence"
<ItalianSharp>	dow up over 300pts
	what's the big news making these mkts rally so much?
<Trader222>	my last 'pass' my not longing NQ at 2046 a bit ago
<Stowe>	gives your question an aire of dignity
* Stowe	adds to short ym 12299
<Brutus>	True IS thats why I'm putting a penny away evey day to take these trades, the non trading plan trades fund	15:11
<Stowe>	an aire of ..."sophistication"
* Stowe	adds to short ym 12297	15:12
<ItalianSharp>	despite this super rally...i am still very bearish...i confirm that most of the S&P sectors havent yet confirmed this upmove	15:13
* GoodMood2	is now known as GoodMood	15:15
<ItalianSharp>	of course, those sectors may confirm it tomorrow or in days to come...hence, i'll be ready to change my bias
<Guest35179>	Shorts ER2 @ 787.4	15:16
<ItalianSharp>	only the financial sector is behaving in line with S&P...
<Tim_a1>	there was no pullback at all today
<ItalianSharp>	all other sectors are lagging...this means that as soon as financials fall, everything will come down again
<Brutus>	please let us know when you see it	15:17
<ItalianSharp>	usually, when one single sector is leading everybody else...that's a sign of weakness and not strenght
<Tim_a1>	guess it was waiting for me to say that
* sep34_away	is now known as sep34	15:23
<Trader222>	everyone is expecting eod sellings; so pondering if that doesn't happen lol	15:24
<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)	15:26
<jperl>	This creeeper up move has kept me out of the market this afternoon
<Guest35179>	Covered all ER2 Short @ 788.2 --> - 0.8	15:27
<jperl>	I've learned from past experience to stay away from them
<Guest35179>	Long ER2 @ 788.4
	Exited all ER2 Long @ 789.5 --> + 1.1	15:28
	Long ER2 @ 789.7	15:31
* Stowe	adds to short ym 12306
<Guest35179>	Exited all ER2 Long @ 790.1 --> + 0.4
<Stowe>	retail sales and ppi at 5:30am tomarri...could be good	15:34
	since they're ramping it into this, maybe they're just setting it up for a tank
	ofc...the operative word is "maybe"	15:35
	ofc, by the same token, we all know there was a guy on the grassy knoll	15:37
	and that's the guy who heads up the group called "they"	15:38
<Guest35179>	Long ER2 @ 790.5	15:40
<Stowe>	urban dictionary doesn't define "they" like this	15:42
<Brutus>	did you not hear of the They hedge fund?
<Stowe>	sure...but the Urban Diction says "They" is: THEY--->Cooler way of saying "there"	15:43
	Dude #1: "Whey did you put my car keys?"
	Dude #2: "Over they on the counter."
<Tim_a1>	'they' are vicious, in that they burned the hell out of anyone why dumped at the close yesterday	15:44
<Guest35179>	Exited all ER2 Long @ 791.3 --> + 0.8	15:45
WRB Analysis	Learn More
* Stowe	adds to short ym 12332	15:46
<Tim_a1>	40 pointw ws the maximum ym pullback on at 350 point day
<Trader222>	[15:24] <Trader222> everyone is expecting eod sellings; so pondering if that doesn't happen lol : yea on being right lol	15:47
<Stowe>	i guess they really want to tank this in the morning
	at least we know it can't go any higher from here	15:48
	whew!
	finally, this is the true top	15:49
<Guest35179>	Long ER2 @ 791.2
	Exited all ER2 Long @ 791.6 --> + 0.4	15:52
	Long ER2 @ 791	15:54
<Stowe>	maybe something's wrong with the market	15:56
	couldn't be us
	couldn't be me
<Brutus>	Shorts ES @ 1486 «« paper »»	15:58
<Guest35179>	Exited all ER2 Long @ 790.6 --> - 0.4	15:59
<Brutus>	Covered ES Short @ 1484.75 --> + 1.25 «« paper »»
	I think that was the top	16:00
	============ U.S. MARKETS ACTION ===========	16:02
	DJIA up 309.30 points to 13297.26
	NASDAQ up 85.21 points to 2668.64
	S&P 500 up 39.21 points to 1478.38
	10-year T-note down 77/32 at 99 29/32 yield 4.257
	NYMEX Spot Crude down $3.45 at $91.17/bbl at close
	Dollar/Euro up 0.0074 at 1.4602
	http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={e1ddb 7a6-f66f-430a-8912-dbadffd21245}
<Stowe>	good one brut	16:04
	-400 on ym in the morning and i'll be good again
	even -350 would be ok	16:05
<Brutus>	Tanks Stowe cu all bright and early
* Stowe	is now known as all
<all>	gn brut
	gn stowe
* all	is now known as stowe
<stowe>	gn	16:06
<Brutus>	yes bed time for me
<Tim_a1>	very unusual, 'bowl' formation on dow 15 minute chart with no pullbacks on the right hand side	16:19
<ItalianSharp>	tim, today has been a very bullish day	16:20
	it cant be ignored
<werner>	gn all	16:34
<NihabaAshi_away>	Just got back...	16:55
	Missed the action at the finish line :)
	Anyways, hope most in here made money.
	Key is to know what other key markets are doing...	16:56
	It's been that way forever.
<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)	17:32
* DisconnectedSession	Close: Tue Nov 13 18:44:52 2007	18:44
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