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#FuturesTrades November 26th Monday 2007 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+30.70	+339.50	+3417.40
$3,070	$33,950	$341,740

Profitable Trade

1015am - 1045am est

Losing Trade

1051am - 1059am est

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: Mon Nov 26 09:24:12 2007Session Ident: #futurestrades

* Now talking in #futurestrades 09:24

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

<werner> gm all 09:26

<ripsboy> good morning all... 09:27

<szubaark> Buys ES @ 1441 «« paper »» 09:34

Exited 1/2 Long ES at 1443 --> + 2 «« paper »» 09:38

exit stop moved to breakeven ES @ 1441 «« paper »»

<bern> Hi, good morning 09:40

<werner> hi bern 09:41

<pat255> gm all.. 09:42

<werner> nice long szu 09:45

<szubaark> thx werner..still holding remainder 09:46

<ItalianSharp> anyone having problems with vix data? 09:51

<Pepe> gm all 09:55

<NihabaAshi> Long ER2 @ 757.70 -> large size 09:56

Didn't get what I wanted around 757.40 :( 09:57

<ScreenStruck> gm

* Trader222 short ES 1447.590 09:58

short ES 1447.50

<szubaark> expecting another volatility spike soon, hopefully to upside,Im Long 09:59

* Trader222 add S ES 1449 10:00

<szubaark> Exited all Long ES at 1448 --> + 7 «« paper »»

<les> went long a little while ago, so this is late as i just logged in:

Long ER2 @ 756.8 «« paper »»

<szubaark> ER has a mind of its own today 10:01

<les> Exited all ER2 Long @ 757.7 --> + 0.9 «« paper »» 10:02

<pat255> N still in L? 10:03

<Brutus> good long Szu

<NihabaAshi> Exited all ER2 Long @ 758.40 --> + 0.7

<szubaark> thx Bru

<Bambam-77> long stp er 57.10 10:04

<les> Long ER2 @ 758.4 «« paper »»

<Bambam-77> come on upsy daisy now 10:05

<les> Exited 1/2 ER2 Long @ 759.4 --> + 1 «« paper »»

<pat255> vn

<NihabaAshi> Long ER2 @ 759.10 -> large size

* Trader222 cover ES 47s; +0 and +1.5 =flat

<Trader222> DAX hasn't been a good ES indicator for a while now :( 10:06

<NihabaAshi> I may need to do a reboot here...got some minor computer problems

It forced me out of the first trade a little early to do a software check :( 10:07

<szubaark> talking about Dax, 5min had a nice Dark Hammer Line at 14:45

<pdays> Long ER2 @ 758.6 10:08

Exited all ER2 Long @ 758.9 --> + 0.3

<les> exit stop moved to breakeven ER2 @ 758.3 «« paper »» 10:09

Trailing Stop Hit ER2 @ 758.3 --> - 0.1 «« paper »»

* Trader222 Short YM 13,051 (little late, sorry busy doing some option trading also) 10:10

<futurible> GM ALL 10:11

<NihabaAshi> Exited all ER2 Long @ 758.20 --> - 0.9 10:12

<les> Long ER2 @ 757.3 «« paper »» 10:14

<NihabaAshi> Shorts ER2 @ 757.20 -> large size 10:15

<les> Exited all ER2 Long @ 756.7 --> - 0.6 «« paper »» 10:16

Long ER2 @ 756.4 «« paper »» 10:21

<Bambam-77> b 44.50

<szubaark> got disconnected.. ahd to re-boot :( 10:22

<pat255> nice patience N .... 10:23

sign of a good trader ..

<NihabaAshi> Covered ER2 Short @ 754.70 --> + 2.5

Holding 3 contracts

<szubaark> Buys ES @ 1440 «« paper »» 10:30

<NihabaAshi> Covered ER2 Short @ 753.00 --> + 4.2

Holding 1 contract

<pat255> vvn

<szubaark> Exited 1/2 Long ES at 1441.50 --> + 1.5 «« paper »» 10:31

exit stop moved to breakeven ES @ 1440 «« paper »»

* Trader222 cover YM 13021 +30 /trail stop hit (YM btw was much less good a short than if had taken ES 10:32

<Bambam-77> 762.5 pos er trgt

<szubaark> nice Trader222

<Trader222> thanks/ 10:33

coffee time

<les> Long ER2 @ 753.8 «« paper »» 10:35

<pdays> Long ER2 @ 753.6

Exited all ER2 Long @ 754.1 --> + 0.5 10:36

<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) 10:37

<szubaark> Exited all Long ES at 1440 --> 0 «« paper »» 10:41

Shorts ES @ 1440 «« paper »»

<NihabaAshi> ER2 volatility spike... 10:42

Hopefully it develops into a volatility breakout

<les> Exited ER2 Long @ 753.4 --> - 0.4 «« paper »»

Reverse and Enter Short ER2 @ 753.4 «« paper »»

<szubaark> Covered 1/2 Short ES at 1439 --> + 1 «« paper »» 10:43

exit stop moved to breakeven ES @ 1440 «« paper »»

<les> Covered 1/2 ER2 Short @ 751 --> + 2.4 «« paper »»

<NihabaAshi> volatility breakout confirmed and a good time to dump my remainder as it pushed below a WRB s/r zone for a profit target 10:44

<szubaark> seems like ER is leading Today.

<Bambam-77> 1434.50 pos trgt for -20 off hi 10:45

<NihabaAshi> Covered Remainder ER2 Short @ 750.50 --> + 6.7

<pat255> wtg N ...

<szubaark> Nice Niha.

<NihabaAshi> It felt like a bank robbery :)

<Brutus> good trade N

<NihabaAshi> thanks 10:46

Makes up nicely for all the opportunities I missed on Friday even though it was a shorten trading day. 10:47

<les> Covered Remainder ER2 Short @ 752.1 --> + 1.3 «« paper »» 10:50

<NihabaAshi> Long ER2 @ 751.80 -> small size 10:51

<futurible> SHORT ER2 752 10:54

SHORT ER2 752.0 paper 10:55

<NihabaAshi> Long ER2 @ 750.20 -> small size 10:56

That's an ADD

<Bambam-77> 47.20 next pos trgt 10:57

<Trader222> wasn't at screens on Friday; question for those who were : how 'easy' was just longing the open and sell at 1pm -or- was it not as easy as the chart looked to actually trade it realtime?

<NihabaAshi> Exited ER2 Long @ 749.40 --> - 0.8 10:59

Reverse and Enter Short ER2 @ 749.40

<szubaark> Covered all Short ES at 1435.25 --> + 4.75 «« paper »» 11:00

<nikopa> market can go either way...

<NihabaAshi> That's also a -2.6 on the first contract

* codehead_afk is now known as codehead

<nikopa> will short Ym 13000 11:01

* Trader222 L ES 1535

<Trader222> 1534s=1/2 of 1418/1450

so basically we've just retraced 1/2 of Wed's close 1418 and today's 1450 level 11:02

<szubaark> dont forget there is a gap underneath thats a Magnet.

from friday's ramp up. 11:03

<NihabaAshi> Covered ER2 Short @ 750.80 --> - 1.4 11:04

Reverse and Enter Long ER2 @ 750.80

still high risk trade...1 contract only

:( 11:06

* Trader222 out some ES Long 1437.50 +2.50 / BE rest 11:07

<NihabaAshi> Exited ER2 Long @ 751.20 --> + 0.4

<KnnK> Shorts ER2 @ 749.50 11:12

* Trader222 stop hit ES 1435+0

<NihabaAshi> Shorts ER2 @ 749.10 -> small size

<Trader222> thought we'd see 1442 first

<KnnK> Covered all ER2 Short @ 748.50 --> + 1 11:13

<NihabaAshi> Covered ER2 Short @ 748.70 --> + 0.4

<KnnK> Covered all ER2 Short @ 748.60 --> + 0.9

<Nesi> Long ER2 @ 748.30 «« paper »» 11:15

<nikopa> sorry , sold YM 13000

<Nesi> Long ER2 @ 747.90 -> Add «« paper »»

<nikopa> target YM 12900 11:17

<futurible> cancelled short ER2 752.0 11:18

<Ronin> buy limit to enter long ES @ 1431 «« Scalp »»

<NihabaAshi> Shorts ER2 @ 747.40 -> small size 11:19

* Trader222 Long tiny ES 1432.50

<futurible> buy limit lomg 746.0 ER2

<NihabaAshi> Covered ER2 Short @ 747.60 --> - 0.2 11:20

Reverse and Enter Long ER2 @ 747.60

:(

<KnnK> Long ER2 @ 747.6 11:21

<NihabaAshi> Exited ER2 Long @ 748.10 --> + 0.5 11:22

<futurible> long er2 748.0

<NihabaAshi> I didn't like the price action in both trades within seconds after entry

<futurible> cancelled buy limit 746.0 er2

<KnnK> Exited all ER2 Long @ 747.8 --> + 0.2 11:23

<ItalianSharp> mkts trying hard to form support here 11:24

<szubaark> Buys ES @ 1434 «« paper »» 11:25

<futurible> sell to closed ER2 751.5 11:27

<nikopa> think will find support much lower 11:28

<szubaark> Exited all Long ES at 1434 --> 0 «« paper »» 11:29

:(

<NihabaAshi> Shorts ER2 @ 748.50 -> small size 11:30

Geeesh 11:31

<codehead> bit of inv ghost on ES szu 11:33

<NihabaAshi> Covered ER2 Short @ 748.80 --> - 0.3 11:34

Reverse and Enter Long ER2 @ 748.80

<szubaark> Price just stalling here

<NihabaAshi> szu...yes 11:36

It's stuck within the s/r zone of a prior volatility breakout

reason why my last several trades the lossess and profits have been small.

That s/r zone is tough 11:37

ER2 volatility spike...hopefully it develops into a volatility breakout

<szubaark> yes, need a lot of patience to be in a trade in this chop

<pat255> y ...geez or get killed 11:38

<NihabaAshi> Exited ER2 Long @ 749.00 --> + 0.2

* bern is now known as Bern_away

* Trader222 sell 1/2 ES 1435.50 +3 / stop at 31 for rest and lunch 11:39

<gabe> Shorts ER2 @ 748.70 «« paper »» 11:41

<KnnK> Shorts ER2 @ 748.40

<Ronin> buy limit to enter long ES @ 1434 «« Scalp »» 11:42

<KnnK> Covered 1/2 ER2 Short @ 747.5 --> + 0.9

<gabe> Covered all ER2 Short @ 747.50 --> + 1.2 «« paper »»

<Ronin> Long ES @ 1434 «« Scalp »»

<Nesi> Long ER2 @ 747.50 -> Add «« paper »» 11:43

<ripsboy> Short YM @ 13971 11:44

exit YM @ 13969 +2 11:45

<gabe> Long ER2 @ 749.10 «« paper »» 11:46

<ripsboy> Long ER2 @ 748.9 11:47

<KnnK> Covered Remainder ER2 Short @ 749.40 --> - 1 11:48

<gabe> Exited all ER2 Long @ 749.10 --> 0 «« paper »» 11:50

<pat255> later guys ty all.. 11:51

<Ronin> TICK 661 good omen 11:53

<ripsboy> Exit ER2 @ 749.80 +.9 11:55

<gabe> Shorts ER2 @ 749.00 «« paper »» 11:58

Covered all ER2 Short @ 748. --> + 1 «« paper »»

Trading Edge:
Strategies
If your an independent trader looking for an edge to help you traverse around obstacles to profitable trading...a method that's well defined, gives you a better understanding of the markets, applicable for day trading, position trading, swing trading, market seasonal tendencies, position size management, intermarket analysis with a money back guaranteed policy...click here.

Trading Strategies ->   Strategies used by NihabaAshi, from entry to exit, exploit inefficiencies in the price action for profits of the following trading instruments via WRB Analysis and Intermarket Analysis: Emini Index Futures (EMD, ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Index Derivatives (DAX, ESTX50), Euronext Index Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Energy Futures (CL, NG, HO, QM), COMEX Metals Futures (GC), Forex Currencies (EurUsd, EurYen, UsdCdn), Exchange Traded Funds (DIA, GLD, OIH, IWM, QQQQ, SPY, XLE) and Hang Seng Index Futures (HSI)

<Ronin> here we go UP, UP and away 12:01

Out 1436 first lot (1/2) 12:08

<Brutus> was expecting more of a pulback but this bear flag may be it 12:11

<codehead> long ER2 748.80 <paper>

stop 747.70 <paper> 12:12

750 holding ER down for now 12:13

<Nesi> we rally from here..imho 12:14

<gabe> Shorts ER2 @ 748.60 «« paper »» 12:16

Covered all ER2 Short @ 748.20 --> + 0.4 «« paper »» 12:17

<codehead> stop hit exit ER -1.1 <paper> 12:20

<Nesi> we rally :)

<Brutus> yeah Nesi they gonna get the bear flag shorts first imo 12:22

<Ronin> Target 1439 12:25

bear Flag? lol 12:26

love those bear flags

<Guest35179> Shorts ER2 @ 750.6 12:27

<Ronin> sell limit to enter short ES @ 1439 «« Scalp »»

<Guest35179> Covered all ER2 Short @ 751.1 --> - 0.5 12:28

Long ER2 @ 751.2

<Ronin> Out Flat Profit: +7 Points

TICK +712 12:30

<Guest35179> Exited all ER2 Long @ 751.6 --> + 0.4

<Ronin> The clue was in the TICK

Covered Remainder ES Short @ 1439 --> 0 «« Scalp »» 12:33

ERROR Reaminder of Long

Remainder, need my glasses, lol 12:34

Will Buy a 3 points pullback 12:35

<Guest35179> Shorts ER2 @ 751.1

* Trader222 out more ES L 1439.50 +7 12:36

<Guest35179> Covered all ER2 Short @ 751.3 --> - 0.2

<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) 12:37

<Ronin> buy limit to enter long ES @ 1437.50 «« Scalp »»

here it comes 12:41

<gabe> Shorts ER2 @ 751.00 «« paper »»

Covered all ER2 Short @ 751.50 --> - 0.5 «« paper »» 12:43

<Ronin> Long ES @ 1437.50 «« Scalp »»

Target Prev Close 12:44

<NihabaAshi> Long ER2 @ 751.50 -> small size

<szubaark> Buys ES @ 1440 «« paper »»

<Ronin> sell limit to enter short ES @ 1442 «« Scalp »» 12:45

<NihabaAshi> Exited ER2 Long @ 752.80 --> + 1.3

<Ronin> Target is near

<szubaark> Exited 1/2 Long ES at 1440.50 --> + 0.5 «« paper »»

bAD ENTRY

Exited all Long ES at 1440 --> 0 «« paper »»

Shorts ES @ 1441 «« paper »» 12:47

<Ronin> Target is near 12:48

<szubaark> getting help from ER on my Short 12:50

Covered 1/2 Short ES at 1439.50 --> + 1.5 «« paper »» 12:51

<Ronin> you mean , no bear flag? lol

<szubaark> exit stop moved to breakeven ES @ 1441 «« paper »»

<gabe> Shorts ER2 @ 751.3 «« Scalp »» 12:54

<Ronin> SP500 bouncing at 40EMA 1min chart, great 12:56

<gabe> Covered all ER2 Short @ 751.80 --> - 0.5 «« Scalp »» 12:57

<Ronin> 1442 , here it comes 12:58

<szubaark> Covered all Short ES at 1441 --> 0 «« paper »» 12:59

<Ronin> TICK 525

need +700

this trade was a no brainer 13:01

<szubaark> Shorts ES @ 1440.25 «« paper »» 13:02

this will spike anytime here, hopefully to downside,Im Short

exit stop set ES @ 1441.50 «« paper »» 13:03

Covered all Short ES at 1441.50 --> - 1.25 «« paper »» 13:05

<Ronin> target is near

<szubaark> Shorts ES @ 1439.75 «« paper »» 13:07

Covered 1/2 Short ES at 1438.50 --> + 1.25 «« paper »» 13:10

exit stop moved to breakeven ES @ 1439.75 «« paper »»

<Brutus> dang it looked good szu 13:11

<szubaark> what? 13:12

<Brutus> your stop got hit

<szubaark> :(

Covered all Short ES at 1439.75 --> 0 «« paper »»

might re-short here 13:13

<NihabaAshi> Shorts ER2 @ 750.80 -> small size

<szubaark> Shorts ES @ 1438 «« paper »»

<NihabaAshi> Poor entry...should'uv been short around 751.30 13:14

<szubaark> need momentum to carry me thru now :(

<NihabaAshi> Covered ER2 Short @ 750.30 --> + 0.5 13:18

<szubaark> hopefully will get a volatility spike thru this Support area here

Covered 1/2 Short ES at 1437.25 --> + 0.75 «« paper »» 13:19

exit stop moved to breakeven ES @ 1438 «« paper »»

Covered all Short ES at 1438 --> 0 «« paper »»

too nouncy

bouncy

<NihabaAshi> Long ER2 @ 750.00 -> small size 13:36

I'm only 3 ticks slow and two intervals later on the entry... 13:37

Still a good risk.

No help just yet from Gold and Oil :( 13:41

* sep34 is now known as sep34_away 13:42

<NihabaAshi> Exited ER2 Long @ 750.20 --> + 0.2

Tough to move in low volatility without Gold and Oil at your back. 13:43

Downside pressure like that you just got to sit back and wait for a volatility spike to clear the picture. 13:49

<Guest35179> Shorts ER2 @ 747 14:08

Covered all ER2 Short @ 747.5 --> - 0.5 14:10

<Ronin> Covered all ES Short @ 1439 --> + 3 «« Scalp »»

<NihabaAshi> weak support area here

<Ronin> ? cover all Longs, what's wrong with this program! 14:11

<Guest35179> Shorts ER2 @ 746.8

<NihabaAshi> If it can stabilize a little longer it could make the support stronger to support a counter-thrust back upwards.

<Guest35179> Covered all ER2 Short @ 746 --> + 0.8 14:12

<Ronin> Long ES @ 1431 «« Scalp »» 14:14

Hammer Bullish Candle 5min 14:17

<Brutus> [12:22:33] <Brutus> yeah Nesi they gonna get the bear flag shorts first imo...looks like they done a false flag breakout,busted the short stops then took it down

was that a good call Ronin? lol 14:18

<codehead> long ER 747.00 <paper> 14:20

2 pt stop, jsut seeing if this vegas works 14:22

first target 749

<szubaark> Shorts ES @ 1432.75 «« paper »»

<Andy> NQ getting more of a bounce out of this than ER 14:27

<szubaark> yup, ER hasnt moved on ES,NQ Spike 14:28

* Trader222 stopped out of last of ES long while afk at BE +0 14:29

<codehead> QM closed on pivot with a last minute spill 14:30

<szubaark> ER not joining this ES,NQ party 14:33

code, now watch for possible ZRL

<codehead> yeah

green lsmas tho, could famir up 14:34

<szubaark> yeah but Short u going with the downward momentum so far

<codehead> yep 14:35

<szubaark> Covered 1/2 Short ES at 1430.75 --> + 2 «« paper »» 14:42

exit stop moved to breakeven ES @ 1432.75 «« paper »»

<codehead> nice

<szubaark> thx..

<codehead> my stop at 744.9 is in danger

<szubaark> Dark Hammer lines here as Support

<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) 14:43

<codehead> tapped--out <paper>

<Guest35179> Shorts ER2 @ 745.1

Covered all ER2 Short @ 744.2 --> + 0.9 14:44

<szubaark> if anybody wants a leading indicator TODAY, its ER 14:46

<Andy> Long ER2 @ 743.9 «« paper »» 14:47

<Brutus> your secret sauce?

<Andy> exit stop set ER2 @ 743.4 «« paper »»

<szubaark> Covered all Short ES at 1429.50 --> + 3.25 «« paper »» 14:50

<NihabaAshi> Long ER2 @ 744.70 -> small size

<Andy> Exited 1/2 ER2 Long @ 744..3 --> + 744..3 - 743.9 «« paper »»

oops 14:51

<NihabaAshi> Good price area for a Long position and easy position reversal area if I'm wrong.

<Andy> that would have been 744.3 for +.5 on 1/2

<NihabaAshi> volatility breakout but it closed in an area susceptible for a retracement :( 14:52

<Andy> Exited Remainder ER2 Long @ 745.00 --> + 1.1 «« paper »» 14:53

<NihabaAshi> I've lost support from Oil/Gold. 14:54

Hopefully they decide to show up and help.

<Andy> Brutus, I wish I knew what the sauce was...on successful trades I tend to feel "impelled" to trade, on unsuccessful trades I am very mechanical... 14:55

<NihabaAshi> Exited ER2 Long @ 744.10 --> - 0.6

Reverse and Enter Short ER2 @ 744.10

<Andy> That's why I am a customer of Niha...trying to learn more. 14:56

<codehead> long 744.00 ER <paper>, stop 743.00

hm, that's not a good trade 14:58

<Brutus> ok thx

<NihabaAshi> Covered ER2 Short @ 743.50 --> + 0.6 14:59

<Brutus> 10 yeild is at 3.85 big moves

<NihabaAshi> Got shook too easy out of that Short :( 15:00

<codehead> stop hit, -1 <paper>

<Brutus> this leg is going to be big

<codehead> so much for countertrend

<Guest35179> Shorts ER2 @ 742.7

<NihabaAshi> Shorts ER2 @ 742.50 -> small size 15:03

risky trade here 15:04

risky because of the way price is jumping up and down as it attempts to find some sort'uv support. 15:05

<mhk> Covered all ER2 Short @ 741.8 --> + 0.9 15:06

<NihabaAshi> Covered ER2 Short @ 741.90 --> + 0.6

<Trader222> tisk tisk to myself: been waiting for a bounce for 15min; meanwhile did not short 15min ago either because of that , was expecting 1427.50 to hold and bounce 15:08

<mhk> Shorts ER2 @ 741.6 15:09

<Trader222> but daytrading options working nicely so happy days :)

<mhk> Covered all ER2 Short @ 739.9 --> + 1.7 15:10

* Trader222 long YM 12,870s (someone hadda take a long, lol) 15:13

<Trader222> off dow 12,850 pivot

<NihabaAshi> good price area to start looking for support 15:23

* Trader222 add YM Long 12840s-50; ave 12,858 15:24

<codehead> long YM 12846 <paper>

<NihabaAshi> Long ER2 @ 738.00 -> small size

Exited ER2 Long @ 738.20 --> + 0.2 15:26

lost my support to stay in the trade 15:27

<werner> intuition trade?

<NihabaAshi> Yeah

<werner> k

<codehead> just too late in the day looks like

my target on Ym trade is 12870-12880, may sitll get it 15:31

<NihabaAshi> volatility breakout

Long ER2 @ 739.00 -> small size 15:33

I have a little support from OIl and Gold... 15:34

HOpefully it last for a few minutes longer.

:( 15:37

Exited ER2 Long @ 783.40 --> + 44.4 15:40

ooops

<Pepe> :o

<codehead> hehe

<NihabaAshi> Exited ER2 Long @ 738.40 --> - 0.6

Still a good area to try to find some support 15:41

Long ER2 @ 738.00 -> small size 15:43

trying again

In about 10mins we are going to start seeing volatilitys start to rise. 15:44

Hopefully price goes up instead of down on any volatility spikes. 15:45

* Trader222 (late post) at dow cash 12,800 hadda add more YM long at 12,830 area: ave now mid 12,840s

<Trader222> hate being 'trapped' in a wrong postion so near eod 15:46

<NihabaAshi> :( 15:47

Exited ER2 Long @ 738.50 --> + 0.5 15:49

Shorts ER2 @ 737.40 -> small size 15:51

I got some support for my Short by Gold and Oil 15:53

Covered ER2 Short @ 736.60 --> + 0.8 15:55

WRB Analysis

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<Trader222> was playing with the QuoteTrader ap which I haven't used in ages (with IB), what's the quotetracker ticker for ES ? 15:56

<NihabaAshi> Didn't want to be in the trade with the "expected" volatility spike in about 2 - 3mins

<GoodMood> GLOBEX:@ESZ7 15:57

<Trader222> outstanding, thanks

they want SPX 1400

GoodMood : dont know if you use, but had thought QuoteTracker offered VWAP : any clue? 16:01

<GoodMood> sorry, I don't know

<Trader222> np, thanks 16:02

<Brutus> ============ U.S. MARKETS ACTION =========== 16:04

DJIA down 189.00 points to 12791.40

NASDAQ down 48.03 points to 2547.80

S&P 500 down 28.73 points to 1411.71

10-year T-note up 199/32 at 103 18/32 yield 3.815

NYMEX Spot Crude down $0.53 at $97.65/bbl at close

Dollar/Euro up 0.0029 at 1.4867

http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={e315e bea-49c0-4b0f-98e2-4aa9d3abeea5}

<werner> gn all 16:26

<futurible> gn from all from Spain 16:34

<NihabaAshi> Impressive trend (down) after 1pm est 16:54

Take care all and see all tomorrow

* NihabaAshi is now known as NihabaAshi_away

* DisconnectedSession Close: Mon Nov 26 19:35:09 2007 19:35

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