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#FuturesTrades November 28th Wednesday 2007 Trade Log

 

Russell 2000 Emini ER2 Futures

Today Month Year
+32.50 +383.90 +3461.80
$3,250 $38,390 $346,180

Profitable Trade

0933am - 0944am est

Losing Trade

0944am - 0947am 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: Wed Nov 28 09:22:54 2007Session Ident: #futurestrades
* Now talking in #futurestrades09:22
<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<NihabaAshi> Good morning all09:23
<Nesi> good morning
<NihabaAshi> My daily chart analysis has me looking for a "trend day" (up or down) as a volatility spike due to shrinking volatility on the daily charts.09:24

Thus, I'm going to be very aggressive in my trading (today, Thurs and Fri) just in case that trend day shows up sooner than later.09:25

Worst come to worst, volatility continues shrinking and it'll set up some nice trading next week when volatility expands again.
<werner> gm all
<Trader222> just got to screens - not another wild gap day - lol
<wizardofrijnsaterwou> gm werner
<Trader222> any news for this +14ES or just 'no reason' ?09:26
* sep34_away is now known as sep34
<werner> wiz :)
<DrT> good trading everyone09:27
<werner> you too DrT09:29
<ripsboy> good morning all...09:30
<NihabaAshi>  Shorts ER2 @ 752.70 -> large size 09:31

oh oh...09:32

I forgot there's a 2pm FED Beige book today
<Bern> hi, good morning09:33
<NihabaAshi>  Covered all ER2 Short @ 753.30 --> - 0.6
<werner> hi bern
<NihabaAshi>  Long ER2 @ 753.50 -> large size
<Bern> hi werner :)
<szubaark>  Shorts ES @ 1443.50 «« paper »»
<Bern> Existing home sales at 10 et
crude oil inventories at 103009:34
<werner> yep
<szubaark>  Covered all Short ES at 1445 --> - 1.5 «« paper »»
Buys ES @ 1445 «« paper »»
<NihabaAshi>  Exited ER2 Long @ 756.10 --> + 2.6 09:35

Holding 1 contract only
<pat255> vn N...@office & missed09:36
<NihabaAshi> Thanks
<Andy> Niha, I am impressed by the way you so easily switch from short to long and v.v.09:37
<NihabaAshi> That first trade (loser) could have been avoided had I been better prepared to trade via knowing when the FED was going to get involved today :(
<pat255> he is good @ it...
<NihabaAshi> Andy, I realized I was wrong and quickly filed "divorce" :(
<pat255> lol
<Andy> lol09:38
<szubaark>  Exited all Long ES at 1445 --> 0 «« paper »»
Shorts ES @ 1445 «« paper »»
<pat255> comes handy in trading
<NihabaAshi> If this turns into a trend day...that would imply the big move started in the overnight price action :(09:40
Thus, we missed most of the good stuff already.
Exited ER2 Long @ 755.60 --> + 2.1 09:44
Reverse and Enter Short ER2 @ 755.60
<werner> hihi, come too the netherlands and you can trade global markets and us markets
<szubaark> Nice opening trades Niha.
<NihabaAshi> I got a tough short on my hands right now...

Need to be careful eventhough its only 1 contract09:45
<szubaark> hopefully Ill get a Volatility spike downwards soon
<NihabaAshi> volatility contracting09:46

something is going to pop here soon.

Preparing to dump my position if needed.
<les>  Long ER2 @ 756.3 «« paper »» 09:47
<NihabaAshi>  Covered ER2 Short @ 756.60 --> - 1

Reverse and Enter Long ER2 @ 756.60
<szubaark>  Covered all Short ES at 1447.25 --> - 2.25 «« paper »»
Buys ES @ 1447.25 «« paper »» 09:48
<les>  exit stop raised ER2 @ 757.2 «« paper »»
<NihabaAshi>  Exited ER2 Long @ 759.30 --> + 2.7 09:49
<szubaark>  Exited 1/2 Long ES at 1449.50 --> + 2.25 «« paper »»

exit stop moved to breakeven ES @ 1447.25 «« paper »»
<werner> [15:46] <NihabaAshi> something is going to pop here soon....that was intuition i think niha?
<NihabaAshi> No...not intuition...just basic volatility analysis09:50
<les>  Exited Remainder ER2 Long @ 758.4 --> + 2.1 «« paper »»
<werner> can you explane that?
<NihabaAshi> contracting volatility is followed by a volatility spike 89% of the time within a few intervals (3 intervals or less) by a volatility spike (price expansion).09:51
<les>  Long ER2 @ 759.3 «« paper »»
<szubaark> The tough part is getting the direction right :))09:52
<NihabaAshi> Those are stats I can't ignore.

szu...bingo.
* Trader222 short ES 1449s
<werner> thx niha
<NihabaAshi> If I knew the direction I would have more money than Bill Gates :)
<szubaark> :))
<werner> lol09:53
<NihabaAshi> All I can do is be "prepared" to divorce the trade when I'm wrong on the direction of the volatility spike.
<Bern> That is very interesting Niha: do you have a more or less objective way to asses what is contracting volatility or just observing range of last bars?
<les>  Exited all ER2 Long @ 759.1 --> - 0.2 «« paper »»
<NihabaAshi> Bern...I eye ball it...no indicators :)
<szubaark> Guys i recommend visiting Nihas website as he explains it all.09:54
<Bern> :) best indicator is human brain
thanks Niha
<NihabaAshi> If I see at least 2 - 3 intervals contracting in their range after a volatility spike (wide range body)...

It's setting up for a range expansion (volatility spike).
<werner> thx szu09:55
<les>  Long ER2 @ 759.3 «« paper »» 09:56

thats whats happeniong right now

another clue i use is speed of movement...09:57

ususally slows down during tyhe contracting phase
<szubaark> les, watching what?09:58
<les> speed of the price movement
<szubaark> yes, I also see the BID/ASK going nuts
<NihabaAshi> Les...right and that's useful when watching Time & Sales info.09:59
<szubaark>  Exited all Long ES at 1550.50 --> + 103.25 «« paper »» 10:00
Exited all Long ES at 1450.50 --> + 3.25 «« paper »»
<NihabaAshi> I have my T&S window color coded so I can just glance at it without having to concentrate on the actual numbers in the window.
<szubaark>  Shorts ES @ 1450.50 «« paper »»
<NihabaAshi>  Long ER2 @ 760.30 -> small size 10:01

high risk trade

1 contract only10:02
<les>  Exited all ER2 Long @ 759.4 --> + 0.1 «« paper »»
<NihabaAshi>  Exited ER2 Long @ 759.40 --> - 0.9 10:03
<les>  Long ER2 @ 758.9 «« paper »» 10:04
better entry there
<NihabaAshi>  Long ER2 @ 759.00 -> small size 10:07

We have a 1030am est EIA Petroleum Status Report10:09

I'm expecting volatility to pick up here soon around 1015am - 1030am est
<szubaark>  Covered 1/2 Short ES at 1449 --> + 1.5 «« paper »» 10:11
exit stop moved to breakeven ES @ 1450.50 «« paper »»
<NihabaAshi>  Exited ER2 Long @ 758.50 --> - 0.5 10:12

Reverse and Enter Short ER2 @ 758.50

Covered ER2 Short @ 757.90 --> + 0.6 10:13
<szubaark>  Covered all Short ES at 1450.50 --> 0 «« paper »» 10:16
<les>  Exited all ER2 Long @ 759.4 --> + 0.5 «« paper »» 10:18
<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)10:19
<NihabaAshi>  Long ER2 @ 760.20 -> small size 10:20
<szubaark>  Shorts ES @ 1452.75 «« paper »» 10:21
<NihabaAshi> Doesn't look like it will hold :(

No support (help) from Oil nor Gold.

Will dump at the first signs of a retracement.10:22

Exited ER2 Long @ 761.30 --> + 1.1

Gold trying to help now but without Oil getting involved...a may be mute.10:24

Geeesh....

I just lost my Oil and Gold data :(
<Nesi> oil at 94.68 area, fwiw
<les>  Long ER2 @ 761 «« paper »» 10:26
<szubaark>  Covered all Short ES at 1452.75 --> 0 «« paper »» 10:27
Buys ES @ 1453 «« paper »»
Exited 1/2 Long ES at 1454 --> + 1 «« paper »» 10:29
exit stop moved to breakeven ES @ 1453 «« paper »»
<NihabaAshi>  Long ER2 @ 762.40 -> small size 10:30
<les>  Exited all ER2 Long @ 763 --> + 2 «« paper »»
<NihabaAshi> Be careful...some conflict in the key markets right now
<les> its reprot time too10:31
report
<NihabaAshi> Gold and Oil retracing hard

If they can turn around and go back up or stabilize...

ER2 should test 764 price area10:32

z;910:33

:(
<szubaark> looks another retrace coming to get my Stop :((10:34
* Trader222 trapped short;have to add S ES 1455; ave 145310:36
<NihabaAshi> ER2 has no help whatsoever
It's trying to do its own thing10:37
Geeesh10:38
Looks like a pin ball machine
<les>  Long ER2 @ 763.6 «« paper »» 10:39
<szubaark>  Exited all Long ES at 1456.25 --> + 3.25 «« paper »»
small volatility spike just enough to exit
<NihabaAshi>  Exited 2/3 ER2 Long @ 764.20 --> + 1.8 10:40

So far we got ourselves a "trend day" and it started in the overnight trading session.10:41

Pullbacks aren't too deep (nice higher lows).10:42
<Trader222> this short is very painful10:43
<NihabaAshi>  Exited Remainder ER2 Long @ 765.50 --> + 3.1
<Trader222> congrats to the longs lol10:44
<szubaark> christmas rally started early?10:45
* Trader222 adds heavy short 1461; ave now S 1457 but about to give up :(10:47
<les>  Exited 1/2 ER2 Long @ 766 --> + 2.4 «« paper »» 10:54
<Trader222> I'm short and wrong : need some help : is ES 1450 retest possible or am I nuts frmo being short and wrong for an hour?10:58
<Brutus> was your entry t211:01

whats11:02
<Trader222> ave is 145711:03
<NihabaAshi> You got some weakness if it breaks back below 145811:04
<Trader222> I'm basically a pivot trader : when you get days like today when emotion controls; and pivots mean nothing at all; harder for me to see things clearly
<Brutus> this is the retracement level, may even take out high by a tick or two but if it goes much above that ???11:05
<Trader222> 1/2 of 1441 / 1461 (open and today's high) = 1450s which is what i'm thinking IF we really have a real retrace
<NihabaAshi> You now have Oil and Gold trying to help you on that Short
<Brutus> 50 is a strech 52.5 is good support11:07
55 1st bounce11:08
<les>  Exited ER2 Long @ 764.8 --> + 1.2 «« paper »»

Reverse and Enter Short ER2 @ 764.8 «« paper »»
* Bern is now known as Bern_away11:09
<NihabaAshi> Geeesh...the Eminis trying to hard to keep their gains...11:10
<Brutus> dax new highs11:11
<NihabaAshi> I'm a little surprise the pullback isn't a little deeper as in like another point.

I highly dislike the shallow price pullbacks that have a "dome like shape" to their top.11:20
<les>  Covered 1/2 ER2 Short @ 764 --> + 0.8 «« paper »»
why niha?11:21
<Trader222> and what do your 'dome tops' usually indicate11:23
<Brutus> You going to take the 57 exit t2?
<NihabaAshi> Dome tops are slow developing price action where volatility tends to "flat line".11:25
<Trader222> finger on the button to cover at BE vs. hold for 1450s
<NihabaAshi> They also require "hercules like patience"...11:26

Which is something I don't have.
<les> u could change yr name to hercules ??
<NihabaAshi> :)
<Brutus> on breaking 57 ES only goes 2 ticks more, not much weakness11:31
sorry 3 ticks
<Trader222> my gut says hold it; so fast coffee break with alarms set11:34

Pray for me

smiles11:35
<les>  Covered Remainder ER2 Short @ 764.9 --> - 0.1 «« paper »» 11:36
<szubaark>  Buys ES @ 1456.75 «« paper »» 11:53

Exited 1/2 Long ES at 1458.25 --> + 1.5 «« paper »» 11:57

exit stop moved to breakeven ES @ 1456.75 «« paper »»

Volatility spike.
* codehead_afk is now known as codehead12:01
<startrader>  Long ES @ 1459 «« paper »»

Exited all ES Long @ 1461 --> + 2 «« paper »» 12:03

should keep on running, see that 15 min close engulf those 15 min bodies and closes, buy the close.12:04
<Trader222> I walk back at 1456 and smile; walk out for 10min to see this; news ? or prelunch covers/buying?12:07
* Trader222 (new scalp) S 1461.50 (still holding other ave short from 1457)12:11
<Trader222> get a little trade confidence back
* Trader222 cover 1460.50 +112:12
<pat255> fed report what time?12:16
<NihabaAshi> 2pm est
<pat255> ty
<Brutus> 11/28/2007 12:16 DJ OIL FUTURES: Nymex Crude Below $92/Bbl, Near 2-Week Low12:17
<pat255> running between office & meetings...sigh
<startrader>  Shorts ES @ 1460 «« paper »» 12:18

may have jumped the gun a bit, lunch hour is dangerous.
<szubaark> yes, never know what tracks floor plays12:20
expecting Volatility spike soon, either up or down12:22
<startrader>  Shorts ES @ 1460 «« paper »»
<Trader222> you sure about beige book ? coulda sworn we had that last week
<startrader> inadvertant but low risk.

146112:23
<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)12:25
<szubaark>  Exited all Long ES at 1461 --> + 4.25 «« paper »» 12:30

Consistant Volatility every interval, nothing else :(
<Brutus> nice one szu
<szubaark> thx.
* Disconnected 12:43
* Attempting to rejoin channel #futurestrades12:45
* Rejoined channel #futurestrades
<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTra desChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrad es.htm
<startrader>  Covered all ES Short @ 1459.50 --> + 0.5 «« paper »» 12:46
15 min t-tops on the es. Can't see them leaving those stops alone.12:47
<Trader222> what do u mean by t-top ?12:50
<startrader> Trips, threes, la triples!12:53
<werner> drie12:55
<NihabaAshi_away> I finally got my ISP router up to speed again after the problematic upgrades I did on Monday :)13:06
* NihabaAshi_away is now known as NihabaAshi
<pat255> router is another problem ...13:12
between the dsl modem & router ..i have to call both of these folks as they keep pointinging fingers at eachother13:13
<NihabaAshi> :(
<Trader222> who beside me is still short and wrong?13:17
I see a possible upside move to 1465/dow13,250/2100nq13:18
<startrader> r level should contain the upside into the beige book.13:21

1465.25
<NihabaAshi>  Long ER2 @ 767.00 -> small size 13:24
<startrader> t-tops followed by dbs on 15 min, line was set at 60.25 on the closes. Was away from the station or would of been long.

Shorts ES @ 1465.25 «« paper »»
<NihabaAshi> I missed an opportunity to get Long around 766.00 :(
* Trader222 short ES 1465 size13:25
<startrader> The offer actually opened up at 1465.25 on the high tick.13:26
* Trader222 cover some just to book a gain 1464+113:27
<pat255> vn
<startrader> 1466.50-.75 in a good r number too. It has the 66.6 in play on the spoo trading in .10's13:28
<Brutus> 66.6 ST????13:30
<NihabaAshi>  Exited ER2 Long @ 767.20 --> + 0.2 13:31

:(
<startrader> 666, 777 inflection numbers.
<Brutus> ok13:32
<pat255>  how high can we go ...mkt pl have mercy on S ...13:33
<NihabaAshi> If the volatility can drop further prior to the 2pm FED Beige book report...
* Trader222 cover more ES 1464 +1 / dow 13,250 and ES 1465 'should' be resistance but nopers
<NihabaAshi> It will setup a very nice directional price move.13:34

Hopefully I get a trade signal and the direction correct.
<pat255> man beige report is another wacky moves ..
<NihabaAshi>  Long ER2 @ 768.00 -> small size 13:36
* Trader222 covers more ES 1464+1 (getting frustrated)13:43
<NihabaAshi>  Exited ER2 Long @ 769.10 --> + 1.1 14:01
* Trader222 short ES 1467.50-146814:06
cover some ES +1 :( not this again14:08
<NihabaAshi>  Long ER2 @ 770.50 -> small size 14:10
<werner> .14:11
<Trader222> have not seen this strong buying since sep18 fomc cut and the next day (but then I was on right side of trade unlike now14:14
<NihabaAshi>  Exited ER2 Long @ 770.70 --> + 0.2 14:16
The late entries on the last 3 trades made it very difficult to stay in the trade.
Shorts ER2 @ 769.80 -> small size 14:18
prior 1min interval was a "volatility breakout" to the downside.14:19
Hopefully it can pick up some momentum and/or gain some help from Oil and Gold
<Tim_a1> .14:21
<codehead> short Ym 13304 <paper>14:22
jsut trying the vegas
stop at high of previous bar14:23
crude yet another move down14:24
* Trader222 cover ES 68.5+1.5 : still holding current losing ES shorts
<codehead> Qm 90.575
exit YM long +10 <paper>, half14:26
stop moved to b/e on remainder
<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)14:28
<codehead> Qm hit 90.325, huge dumpage
stopped b/e on remainder <paper>14:29
<startrader> Soverign wealth rolling out of their support of qm and into equities. Gotta buy them dollars to do that.14:31
<Tim_a1> dow and spx made nonstop rally up to heavy ma resistence14:32
<NihabaAshi>  Covered ER2 Short @ 768.90 --> + 0.9 14:35
<startrader>  Shorts ES @ 1470.50 «« paper »» 14:37
<Tim_a1> what inspired the short startrader?14:39

if you dont mind my asking, your swing calls have been pretty good14:40
<pat255> later guys ...@office ..ty all
<startrader> 15 min ivb and weak close on 60 min. Short at close of 2:00 pm 15 min bar.14:41
<Tim_a1> i've been trying to study ivbs14:42
<startrader> Also ym an er2 had good closes on last 15 min bar engulfing previous closes.
<NihabaAshi> This is not the price action I was expecting after the Beige book report.14:43
I was looking for more of a directional movement.
<Tim_a1> i've notice that when an ivb is followed by an outside 'spire' (goes above the ivb but closes below), seems to be a signal, but you've got to be quick
<Trader222> NihabaAshi: same here - I was expecting a sell; but since many losing shorts were also expecting that; did not happen
wish we were not so close to end of month; that always skews the tape14:44
<startrader>  Covered all ES Short @ 1467 --> + 3.5 «« paper »» 14:47
<Tim_a1> star, yesterdays ym 13:20-13:30 (central time) 3 bar formation is a good example of what i'm talking about
<Trader222> no one else besides me is swing short and wrong? Pondering take these losers home vs. just taking my loss and flat
<werner> gn all14:49
<startrader> Yes, I was watching that yesterday after the 3 min bearish ovb a few bars earlier.14:50
<Tim_a1> it was backtesting a right shoulder and an ma, but i've noticed the 3 bar formation before14:51
<startrader> I dug out my old work from the mid 90's a couple of weeks ago after you asked me about them, along with old paper statement, remember those?
<Tim_a1> seems like they jeck the stops of the guys who got in on the ivb, then drop it
jack14:52
old papaer statement?
<startrader> I have shifted my paradigm to the 15 min charts and closes.14:53

Yeah, you used to get paper statements daily, that's why we paid $30 rt. Ticks were $50 so was still not bad.14:54
<szubaark> looks like a little topping Price Action here
<startrader> Still could not close below 67.50, setting the line.14:56
<Tim_a1> do you find the 15 minute timeframe to help?
<startrader> Yes. My work is based on the 15 min timeframe as that is the most prevelant timeframe in the pit. Every 15 mins a buzzer sound and they charted by hand before anything else was allowed.14:57
<Tim_a1> you were actullay a pit trader?14:58
<startrader> Was going to work there for Refco and had a buddy who leased a seat. Spent several weeks on the floor in 96.
<Tim_a1> chicago merc?14:59
<startrader> merc
<szubaark> The Shark Pit.
<startrader> So all you had was a body, open closes on 15 min timeframes, the daily high and low from the overhead board and floor pivots.15:00

Keeping it simple I found these to be the lowest, or most widely used indicators of price action. It is no accident the 15 min form clusters of closes.15:01

I put it in the context of setting the line, like vegas and the sportsbook. When the action crosses the line the larger participants move it quikly.15:03

Or the house move it quikly I should say (larger participants)15:05

Hindsight is beautiful but look at the last hour. 1:45 bar closes at 67.50 followed by the ivb and small body bar closing at 67.75, there is the line. Next bar closes at 69 engulfing the prior 2 closes and buing steps in right back up to 70.50, highest close of the day.15:08

15 min and 60 min are again lowest common denominator of price action.15:10

Supporting the long at 69 was the 60 min close at 68.75 again the line. 15 min engulfed and closed above the hourly line and here we are.15:17
<Trader222> interesting startrader15:19
do u watch any shorter term, or just the 15/60 ?15:20
* sep34 is now known as sep34_away15:22
<startrader> I will watch a 1 and 3 min with 21 bar ema and 79 bar sma on each for confirmation only. Never trade off them alone. It is probabally a bad habbit to watch them at all.15:23
They do help with profit targets and stops.15:28
<Trader222> are they saying anything for the close?15:30
<codehead> a friend has a turn time in 2 min, not sure how good those are this time of day, with margin calls coming due15:33
<Andy> what is a "turn time"15:36

?
<startrader>  Shorts ES @ 1473.50 «« paper »» 15:37
<codehead> projected times for market turns
<Andy> based on fib numbers?15:38
<codehead> i think he uses this software:

http://www.protrading.co.uk/delta_tradin g.html
<Andy> thanks, ch
<codehead> for yesterday, he projected sell from the open, then turn 35 minute into the market potential V up15:39

which was dam godo

good
<Andy> yes15:40
<codehead> but a day like this is tough--too many top guessers getting scortched
<Andy> you must have seen my P/L
<codehead> so hard to get much of a turn

oh--lol

yeah, i bought the dive a couple of days ago into the close, lost--pretty tough when you know it's overdone, but too many people trampled to get it to go your way unless you want to hold overnight15:41
<NihabaAshi>  Shorts ER2 @ 770.80 -> small size
Covered 2/3 ER2 Short @ 769.40 --> + 1.4 15:42
<codehead> well, if you took the turn time, you'd be doing pretty well here15:46
<startrader>  Covered all ES Short @ 1468 --> + 5.5 «« paper »»
<Brutus> Good one ST
<Tim_a1> y
<Trader222> fun question now is to take home a losing swing trade or not15:47
<startrader> The close of the hourly and the weak 15 min was the line for me. Once we traded below, shorted back too it, should have been .7515:48
<Tim_a1> violent and insane market15:50
<Trader222> 68 was smart place to cover on a scalp
<startrader> There is the 66.6 effect15:51
<NihabaAshi>  Covered Remainder ER2 Short @ 769.70 --> + 1.1 15:55
The script reported that incorrectly15:56
Sorry...its correct...I'm just a little blind15:57
<startrader> Fun day!16:01

My god, had some mlp's up nearly 10% today!16:06
<Brutus>  ============ U.S. MARKETS ACTION ===========16:09
DJIA up 316.54 points to 13267.26
NASDAQ up 72.79 points to 2653.59
S&P 500 up 36.84 points to 1465.07
10-year T-note down 90/32 at 101 24/32 yield 4.032
NYMEX Spot Crude down $3.69 at $90.74/bbl at close
Dollar/Euro up 0.0008 at 1.4835
http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={d6bcf d78-6a8c-465f-b61b-d06626380d79}
<Tim_a1> mlp's?
<NihabaAshi> Good trading day although I spent some time away from the computer doing some heavy duty snow cleanup outside after the recent snow storm16:10
<Trader222> where do u live if i may ask that had snow today16:15
<NihabaAshi> Near the mountains in Quebec
<Trader222> that's right, now I recall chatting about that lovely city the one day16:19

if you know any good french women for relationship purposes/let me know :)

and yes i'm serious lol16:20
<NihabaAshi> :)16:28
<Tim_a1> on daily and weekly charts, still looks like backtest up to resistance, at least so far16:30
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