#FuturesTrades December 3rd Monday 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: Mon Dec 03 08:25:09 2007Session Ident: #futurestrades
* Now	talking in #futurestrades	08:25
<X>	[NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
* NihabaAshi	is now known as NihabaAshi_away
* bern2	is now known as Bern_away	08:32
<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)	08:47
<rickf>	gm all	08:55
<Andy>	gm everyone	08:58
<eminitrader>	HI ALL ..good to be bacdk	09:18
<szubaark>	gm emini, glad you back.
<eminitrader>	thx szu
<Nesi>	hi emini
<eminitrader>	hi N
<Brutus>	gm emini and everyone	09:19
<eminitrader>	hope u guys made some good moolah ...Nov provided some good trades
	morn B
<futurible>	gm all
<ripsboy>	gm all...	09:26
<Nesi>	good trading all	09:30
<rickf>	short es 1480.25	09:31
<DrT>	good trading everyone	09:32
<szubaark>	Buys ES @ 1479 «« paper »»	09:33
<eminitrader>	Long ES @ 1478	09:34
	Exited 1/2 ES Long @ 1480 --> + 2	09:35
<ItalianSharp>	morning all...nice to see you back emini...:)	09:36
<eminitrader>	thx IS
<PapaJon>	gm all	09:37
<szubaark>	Exited all Long ES at 1478 --> - 1 «« paper »»
	Shorts ES @ 1478 «« paper »»
<PapaJon>	had to go out of town again last week...
<eminitrader>	Exited Remainder ES Long @ 1478 --> 0
<PapaJon>	should be back for good now... i hope.
<Bern_away>	bern
<Nesi>	hi papa	09:38
<PapaJon>	hey there
* Bern_away	is now known as bern2
<PapaJon>	heya emini... long time no see
<bern2>	Hi, good morning all
<Pepe>	gm all
<eminitrader>	Long ES @ 1477	09:39
<szubaark>	Covered 1/2 Short ES at 1476.75 --> + 1.25 «« paper »»
<startrader>	Long ES @ 1476.75 «« paper »»
<szubaark>	exit stop moved to breakeven ES @ 1478 «« paper »»
	Covered all Short ES at 1478 --> 0 «« paper »»	09:40
<wizardofrijnsaterwou>	gm all	09:41
<szubaark>	Shorts ES @ 1476.25 «« paper »»
<eminitrader>	Exited all ES Long @ 1476 --> - 1	09:42
<startrader>	Exited all ES Long @ 1477.25 --> + 0.5 «« paper »»	09:44
	Shorts ES @ 1478.75 «« paper »»	09:46
<eminitrader>	Shorts ES @ 1479	09:47
	Covered all ES Short @ 1479 --> 0	09:49
	Shorts ES @ 1479	09:50
	reduced size..
	addon till 1481.75
	actually 1481.50...
* NihabaAshi_away	is now known as NihabaAshi	09:51
<Nesi>	Shorts ER2 @ 765.00 «« paper »»	09:52
<szubaark>	Covered all Short ES at 1479.25 --> - 3 «« paper »»	09:54
<eminitrader>	Shorts ES @ 1479 -> Add	09:55
<NihabaAshi>	Long ER2 @ 764.90 -> small size	09:56
<Brutus>	1000/1500 Nov ISM Mfg Index
	Manufacturing Business Index 50.9
<NihabaAshi>	trying something new here
<jperl>	Uh Oh Bush speaking	09:57
<NihabaAshi>	:(
<jperl>	sell everything
<NihabaAshi>	Thanks jperl...good warning
<bern2>	thanks jperl, what is he talking about?	09:58
<szubaark>	Shorts ES @ 1478.25 «« paper »»
<jperl>	complaining about congressional inaction
<NihabaAshi>	Exited ER2 Long @ 764.50 --> - 0.4
<bern2>	thanks
	at 1030 et Treasury Secretary Paulson speaks also	09:59
<eminitrader>	exit stop lowered ES @ 1480
	Covered 1/2 ES Short @ 1477 --> + 2	10:00
<startrader>	Covered 1/2 ES Short @ 1477 --> + 1.75 «« paper »»	10:01
<eminitrader>	Covered Remainder ES Short @ 1478 --> + 1
<startrader>	Covered 1/2 ES Short @ 1478.50 --> + 0.25 «« paper »»
<szubaark>	Covered all Short ES at 1479.50 --> - 1.25 «« paper »»	10:02
<rickf>	exit @ 1479
<szubaark>	Buys ES @ 1479.50 «« paper »»
<rickf>	er sells es 1479
<eminitrader>	Shorts ES @ 1480
	Covered 1/2 ES Short @ 1478 --> + 2	10:03
<jperl>	He sounded really pissed this morning....	10:04
<rickf>	hah. last time i move my stop loss down for a while....got stopped @ reversed on me. ah well
<szubaark>	Exited all Long ES at 1476.25 --> - 3.25 «« paper »»
	Shorts ES @ 1476.25 «« paper »»
<eminitrader>	Covered 1/3 ES Short @ 1476 --> + 4
<Trader222>	nice 1480 short eminitrader
<eminitrader>	thx T ..
	was waiting for a add at around 81-82	10:05
<Nesi>	Covered all ER2 Short @ 762.50 --> + 2.5 «« paper »»	10:08
	Long ER2 @ 762.60 «« paper »»	10:12
<szubaark>	whipsaws back and forth	10:14
<NihabaAshi>	Long ER2 @ 763.20 -> small size	10:18
<szubaark>	Covered all Short ES at 1476.75 --> - 0.5 «« paper »»	10:21
	Buys ES @ 1476.25 «« paper »»
<NihabaAshi>	Exited ER2 Long @ 763.70 --> + 0.5	10:24
<szubaark>	Exited 1/2 Long ES at 1477.50 --> + 1.25 «« paper »»	10:25
<werner>	gm all
<szubaark>	exit stop moved to breakeven ES @ 1476.25 «« paper »»
<bern2>	hi werner
<eminitrader>	Shorts ES @ 1477.750 -> Add
	thats 1477.50
<werner>	hi bern	10:26
<szubaark>	Exited all Long ES at 1476.25 --> 0 «« paper »»
<Nesi>	Exited all ER2 Long @ 763.40 --> + 0.8 «« paper »»
<eminitrader>	Covered 1/2 ES Short @ 1475.50 --> + 2.25	10:27
	thats 2
	holding 5 now	10:28
<szubaark>	Shorts ES @ 1475.75 «« paper »»	10:29
<Nesi>	PAULSON on tv	10:30
	heads up
<Tim_a1>	thx nesi, what channel?	10:32
<Nesi>	cnbc
<Tim_a1>	it's my habit not to listen while trading, but knowing he's on cnbc means they're all listening	10:33
<NihabaAshi>	Long ER2 @ 765.40 -> small size
<eminitrader>	Covered Remainder ES Short @ 1479 --> + 1
<szubaark>	Covered all Short ES at 1479 --> - 3.25 «« paper »»
	:((
<eminitrader>	no thast a b/e on the 5
<NihabaAshi>	Exited 1/2 ER2 Long @ 766.70 --> + 1.3	10:35
<jperl>	time for a break....only two trades this morning....
<eminitrader>	Shorts ES @ 1480.25
<jperl>	http://charts.dacharts.com/2007-12-03/JP ERL_011.jpg
<Nesi>	thx jperl
<jperl>	yw
<szubaark>	Shorts ES @ 1480 «« paper »»
<eminitrader>	solid res here..	10:36
	if this breks than change in trend
	ym looking real strong	10:38
	Covered 1/3 ES Short @ 1479.25 --> + 1	10:40
<rickf>	2 es trades, +6.5 points, time for a break @ the gym....back in a bit	10:41
<NihabaAshi>	Exited Remainder ER2 Long @ 767.10 --> + 1.7	10:42
<eminitrader>	exit stop lowered ES @ 1481.25	10:43
<pat255>	gm all ..	10:45
	running late @office ...:(	10:46
<Nesi>	hi pat
<pat255>	hi nesi
<Nesi>	Shorts ER2 @ 766.90 «« 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)	10:47
<Nesi>	PAULSON done
<eminitrader>	Covered 1/3 ES Short @ 1478.25 --> + 2	10:48
<szubaark>	nice emini.
<gabe>	Shorts ER2 @ 766.00 «« paper »»
<eminitrader>	thx szu
<pat255>	hiya em ...where u been ..lol	10:49
<eminitrader>	exit stop moved to breakeven ES @ 1480.25
	hi pat
<Nesi>	Covered all ER2 Short @ 766.50 --> + 0.4 «« paper »»
<NihabaAshi>	Shorts ER2 @ 766.30 -> small size
<szubaark>	Covered 1/2 Short ES at 1479 --> + 1 «« paper »»	10:50
	exit stop moved to breakeven ES @ 1480 «« paper »»
<pat255>	hmmm em u cant take weeks off ...:)	10:51
<eminitrader>	:)
<NihabaAshi>	Covered all ER2 Short @ 765.90 --> + 0.4	10:52
<gabe>	Covered all ER2 Short @ 766.20 --> - 0.2 «« paper »»	10:53
	Shorts ER2 @ 765.90 «« paper »»	10:55
<szubaark>	Covered all Short ES at 1480 --> 0 «« paper »»	10:56
<gabe>	Covered all ER2 Short @ 766.90 --> - 1 «« paper »»
<eminitrader>	Covered Remainder ES Short @ 1480.25 --> 0
<szubaark>	Buys ES @ 1481.75 «« paper »»
<NihabaAshi>	Long ER2 @ 767.50 -> small size	11:05
	crappy entry :(
	Exited ER2 Long @ 766.50 --> - 1	11:07
	Reverse and Enter Short ER2 @ 766.50
<gabe>	Shorts ER2 @ 766.50 «« paper »»	11:08
<NihabaAshi>	Covered ER2 Short @ 766.40 --> + 0.1	11:09
<szubaark>	Continuation of chop from friday	11:10
<Nesi>	very choppy
<NihabaAshi>	Shorts ER2 @ 766.40 -> small size	11:11
<szubaark>	Exited all Long ES at 1476.50 --> - 5.25 «« paper »»	11:16
<gabe>	Covered all ER2 Short @ 765.00 --> + 1.5 «« paper »»
<NihabaAshi>	Covered ER2 Short @ 765.20 --> + 1.2	11:17
<pat255>	tuff in this chop
<szubaark>	yes, too tough for me, not quick enough.	11:18
	seems i get in Today then it goes against me SUDDENLY 2-3 Points
<Trader222>	I dispise those entries, the second u are filled, boom / moves away from u	11:23
	I had some great option entries today; too bad they didn't happen as OPRA had major tech issues earlier this morning so no trades
	anyone having IB issues?	11:25
<bern2>	ok here	11:26
<Tim_a1>	my ib seems ok
<NihabaAshi>	Long ER2 @ 767.20 -> small size	11:27
	Exited ER2 Long @ 767.50 --> + 0.3	11:30
<Trader222>	2 much chop, early lunch	11:32
<gabe>	Shorts ER2 @ 766.90 «« Scalp »»	11:33
	Covered all ER2 Short @ 767.20 --> - 0.3 «« Scalp »»	11:35
<startrader>	Long ES @ 1480.25 «« paper »»	11:37
<gabe>	Long ER2 @ 767.70 «« Scalp »»	11:38
<startrader>	Exited all ES Long @ 1480.50 --> + 0.25 «« paper »»	11:40
<gabe>	Exited all ER2 Long @ 767.70 --> 0 «« Scalp »»	11:41
<startrader>	Shorts ES @ 1479.75 «« paper »»	11:43
<Tim_a1>	did ym freeze up again?	11:46
<ItalianSharp>	is CBOT down again????
	you kidding me????	11:47
<Nesi>	looks like it
	at 13403?
	no moving here
<ItalianSharp>	that's bullshit...yes, 13403
<Tim_a1>	g-- f------ d--- i-
<ItalianSharp>	man, i am long right now
	wanna bet ES closes its gap while CBOT is down?
* codehead_afk	is now known as codehead
<Tim_a1>	yup, now b/a are gone	11:48
	piece of s---
<ItalianSharp>	this total BS	11:49
	i am long for chrissake
<Nesi>	u should be ok... italian
	market going up
	NQ.. ER...ES
<ItalianSharp>	i know, but still...ES is near closing its gap
<Nesi>	cant you call your broker?
<startrader>	Shorts ES @ 1481.75 -> Add «« paper »»
<ItalianSharp>	broker cant do nothing if its down
<Nesi>	u right..sorry	11:50
<Tim_a1>	hedge with es if need be
<startrader>	Hedge with the es
	Or pit ym
<ItalianSharp>	i will...if it closes its gap though
<NihabaAshi>	Geeesh...the CBOT has more outage than a standard home light bulb.	11:52
<ItalianSharp>	far more
	looking forward to january when this piece of sh... will join the CME
<Tim_a1>	a sad and remarkable observation
<ItalianSharp>	besides screwing me over with my trades...it disrupts me psychologically	11:53
	i start to not trust it anymore
<NihabaAshi>	:(
	Yep
<ItalianSharp>	hopefully other eminis will take a breathing and wait until the tech guys fix YM	11:54
<Tim_a1>	they ususally do just the opposite
	i go straight to hefge when this haoppens
	hedge
	with es
<NihabaAshi>	Anybody in here stuck in a YM Short ???	11:55
<ItalianSharp>	you are right
<gabe>	Shorts ER2 @ 765.50 «« paper »»
	correction - 767.50	11:56
<startrader>	Shorts ES @ 1479.75 -> Add «« paper »»
<ItalianSharp>	its back
	im out now
	what could have been a very nice trade with ES and NQ making new highs...it turned into a small winner...:((
<Tim_a1>	back but at the same b/a
<ItalianSharp>	need a break because i am furious right now	11:57
<werner>	yo	11:59
<eminitrader>	am seeing ticks and t & s on ts for the ym	12:00
<werner>	sorry wrong window
<NihabaAshi>	Shorts ER2 @ 767.50 -> small size
<eminitrader>	IS is u system back on ...
	looks good in trade station	12:01
<ItalianSharp>	yes emini, it's back and i am out now
<eminitrader>	k
<ItalianSharp>	however, this little glitch might have costed me 20 pts
	20pts of missed profits
<eminitrader>	part of the biz...
	;99
	:((	12:02
<Tim_a1>	i got burned on my es hedge, *&^@ it
<szubaark>	:(
<Tim_a1>	but it locked out catastrophe
<szubaark>	yup, part of the biz
<NihabaAshi>	Covered all ER2 Short @ 766.00 --> + 1.5	12:03
	ooops
<Tim_a1>	a little to much, on ym for my taste, i have IT background, i know when something is beyond resonable
<NihabaAshi>	Covered all ER2 Short @ 767.00 --> + 0.5
<szubaark>	they know a lot of retail trade ym so they mess with it all the time	12:04
<startrader>	Covered 1/2 ES Short @ 1478.75 --> + 1 «« paper »»
<gabe>	covered ER 766.80 +.80	12:05
	correction +.70	12:06
<startrader>	Covered Remainder ES Short @ 1479.50 --> + 0.25 «« paper »»
<Tim_a1>	fyi, a direct equal contract es hedge for ym leaves you about 1/5th net long	12:08
	(or short)	12:10
	meaning es is about 1/5th 'heavier'
	.	12:14
<pat255>	dt again on es	12:15
<Tim_a1>	it wont take my ym order, and i closed my hedge, anyone else having trouble?	12:19
	finnaly, piece of c---	12:21
	cost me an extra 10 points, i had a bid that should have took at 04, but it was a 'ghost' bid	12:22
<startrader>	In the words of the Boomtown Rats "I don't like Mondays!"	12:25
<Tim_a1>	i dont like ecbot	12:26
	this game's hard enough with that garbage
<startrader>	Once it goes down once it takes awhile to get the inside b/a back.	12:28
<eminitrader>	Long ES @ 1481.75
<Tim_a1>	i'm done with ym for the day, that rattled me - the lower tick spread cost means nothing if it's not reliable	12:29
<startrader>	Long ES @ 1482.75 «« paper »»	12:30
<szubaark>	Buys ES @ 1482.75 «« paper »»	12:36
<eminitrader>	Exited 1/2 ES Long @ 1483.75 --> + 2	12:37
	exit stop moved to breakeven ES @ 1481.75	12:38
<startrader>	Exited 1/2 ES Long @ 1483.25 --> + 0.5 «« paper »»
<gabe>	Shorts ER2 @ 769.40 «« paper »»	12:40
<eminitrader>	Exited Remainder ES Long @ 1481.75 --> 0
<gabe>	Covered all ER2 Short @ 769.10 --> + 0.3 «« paper »»	12:43
<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)	12:50
<startrader>	Long ES @ 1482 -> Add «« paper »»	12:51
<szubaark>	Exited all Long ES at 1481.25 --> - 1.5 «« paper »»	12:55
	Shorts ES @ 1481.25 «« paper »»
<startrader>	Exited all ES Long @ 1480.75 --> - 3.25 «« paper »»	12:56
<NihabaAshi>	Shorts ER2 @ 768.50 -> small size	12:58
<startrader>	Long ES @ 1480.25 «« paper »»
<szubaark>	Covered 1/2 Short ES at 1479.75 --> + 1.5 «« paper »»	13:01
<NihabaAshi>	Covered ER2 Short @ 768.30 --> + 0.2	13:02
	Lost my patience on that trade :(	13:03
<szubaark>	Buys ES @ 1478 «« paper »»	13:07
<FromGreece>	`1	13:18
<NihabaAshi>	Shorts ER2 @ 766.60 -> small size	13:25
<Nesi>	Shorts ER2 @ 766.80 «« paper »»
<NihabaAshi>	oh oh...
	I messed that one up badly...looking for damage control
<eminitrader>	Shorts ES @ 1478.75	13:27
<gabe>	Shorts ER2 @ 767.10 «« paper »»
<szubaark>	Exited all Long ES at 1476.75 --> - 1.25 «« paper »»	13:28
	Shorts ES @ 1476.75 «« paper »»
<eminitrader>	Covered 1/2 ES Short @ 1476.75 --> + 2
<NihabaAshi>	Covered all ER2 Short @ 766.50 --> + 0.1
	Lucky exit considering the poor entry	13:29
<gabe>	Covered all ER2 Short @ 766..50 --> + 767.10 - 766..50 «« paper »»
	covered 766.50 +.60	13:30
<NihabaAshi>	Long ER2 @ 765.90 -> small size	13:32
	Exited ER2 Long @ 765.30 --> - 0.6
	Long ER2 @ 765.30 -> small size	13:34
<eminitrader>	Covered 1/3 ES Short @ 1475.75 --> + 3	13:35
<NihabaAshi>	spike coming...hopefully up and not down.
	If down...I'm ready to reverse :)	13:36
	geeesh	13:38
	losing my patience here again	13:39
<eminitrader>	u ahve tons of pateince niha :)
<NihabaAshi>	Exited ER2 Long @ 765.40 --> + 0.1	13:40
<eminitrader>	thats one of the reasons u r such a successful trader
<NihabaAshi>	Usually Oil and Gold helps me out on my trade management after entry...	13:41
	Today I'm a little slow in recognizing some clues and that gets me a little frustrated.
<eminitrader>	understand
	no was just wondering if the mrkts cld get to u...what wld be the fate of other traders :)	13:42
<NihabaAshi>	Shorts ER2 @ 764.00 -> small size	13:43
<eminitrader>	Covered Remainder ES Short @ 1473.75 --> + 5	13:44
<szubaark>	wow nice emini
<NihabaAshi>	Caught the pause in the volatility breakout...
	Lets see if it gives me anything.
<Brutus>	Excellent trades EMT
<rickf>	nice
<eminitrader>	thx B..lloks like i'm done for the day ..see u all tomorow ...good trading all
<Brutus>	cu	13:45
<eminitrader>	thx r
	later guys
	be back at around 3
<rickf>	ttyl	13:46
<Andy>	Long ER2 @ 764.6 «« paper »»	13:47
<Brutus>	Are your a tape reader andy?
	you	13:48
<Andy>	I'm not quite sure...
	Exited 1/2 ER2 Long @ 765.2 --> + 0.6 «« paper »»	13:49
<NihabaAshi>	Covered ER2 Short @ 765.00 --> - 1	13:50
	Reverse and Enter Long ER2 @ 765.00
	1 to 2 contracts
	Exited ER2 Long @ 764.40 --> - 0.6	13:52
	Shorts ER2 @ 764.10 -> medium size
<szubaark>	Covered all Short ES at 1473.75 --> + 3 «« paper »»
<Andy>	Long ER2 @ 763.8 -> Add «« paper »»	13:53
<szubaark>	Buys ES @ 1474.50 «« paper »»	13:54
<Andy>	exit stop set ER2 @ 763.4 «« paper »»
<NihabaAshi>	Covered all ER2 Short @ 763.90 --> + 0.2	13:55
	Long ER2 @ 764.20 -> small size	13:56
<gabe>	Shorts ER2 @ 764.20 «« paper »»	13:57
	Covered all ER2 Short @ 763.20 --> + 1 «« paper »»	13:58
<Andy>	Exited all ER2 Long @ 763.2 --> - 2 «« paper »»
<NihabaAshi>	Exited ER2 Long @ 764.30 --> + 0.1	14:01
<gabe>	Long ER2 @ 764.50 «« paper »»	14:02
<szubaark>	Patience and Perfect entries is Key Today.
<gabe>	Exited all ER2 Long @ 765.00 --> + 0.5 «« paper »»	14:04
<szubaark>	Limit to Exit Long ES @ 1477 «« paper »»
<Andy>	stopped out .2 off low...eiiyyy	14:05
<szubaark>	i know Crazy Price Action
<Andy>	typical problem of mine - too tight stops	14:06
<Nesi>	Long ER2 @ 765.20 «« paper »»
<szubaark>	for Tight Stops one needs Perfect Entries.	14:07
	Exited all Long ES at 1477 --> + 2.5 «« paper »»
<Andy>	Better to have stowe entries	14:08
<szubaark>	stowe, havent seen him in a while
<NihabaAshi>	He thinks the room in here is "fee-based" for weird reason.	14:09
<szubaark>	?
<NihabaAshi>	I told him many times its not but I don't think he believes me :)
<Tim_a1>	? where would he get that idea?
<NihabaAshi>	Not sure.
<szubaark>	and I must be the Guru.	14:10
<Tim_a1>	didnt he notice he got in for free, and wasnt asked for money?
<NihabaAshi>	Yeah...I think he did but maybe he forgot :)
<szubaark>	well, stowe was more of a swing trader then daytrader
<Tim_a1>	i havent, and for what it's worth nih, this room is great
<NihabaAshi>	There's been many others (not just stowe) over the years that think this room is fee-based.	14:11
<gabe>	Shorts ER2 @ 765.10 «« paper »»
<Tim_a1>	for 'what it's worth' being the value of my opinion, not the cost of the room	14:12
<szubaark>	Probobly because there isnt any shenanigans going on like 99.5% of rooms outhere
	Paltalk used to be good, now its overtaken by Scammers and Vendors.	14:13
<gabe>	Covered all ER2 Short @ 764.80 --> + 0.3 «« paper »»	14:14
<Tim_a1>	that said, his scattergun ym trades seemed to do quite well, but would be quite stressfull
<Andy>	bailing on one his trades would take a chunk of flesh...	14:16
<Tim_a1>	he did a few times, and fessed up without complaint, so he does seem conditioned to it rather than just outright reckless	14:17
<Andy>	Long ER2 @ 765 «« paper »»
	Exited 1/2 ER2 Long @ 765.7 --> + 0.7 «« paper »»	14:19
<NihabaAshi>	Long ER2 @ 765.50 -> small size
<gabe>	Long ER2 @ 765.60 «« paper »»
<Andy>	but I need to take his lesson and use wider stops	14:20
	long doesn't look great here	14:23
	Exited Remainder ER2 Long @ 765.1 --> + 0.1 «« paper »»	14:25
<szubaark>	Shorts ES @ 1476.25 «« paper »»
	exit stop set ES @ 1477.50 «« paper »»	14:26
<gabe>	Exited all ER2 Long @ 765.20 --> - 0.4 «« paper »»	14:27
<szubaark>	expecting volatility spike soon, hopefully to downside,Im Short	14:28
<NihabaAshi>	Exited all ER2 Long @ 764.60 --> - 0.9	14:29
<gabe>	Shorts ER2 @ 764.80 «« paper »»
<NihabaAshi>	Shorts ER2 @ 764.50 -> small size
<szubaark>	Looking to exit on a WRB hopefully forms here	14:30
<gabe>	Covered all ER2 Short @ 763.80 --> + 1 «« paper »»
<Andy>	if the longs are looking for a level, they've got it	14:32
<gabe>	Shorts ER2 @ 763.80 «« paper »»	14:33
<Andy>	Long ER2 @ 763.4 «« paper »»	14:36
<gabe>	Covered all ER2 Short @ 763.70 --> + 0.1 «« paper »»
<NihabaAshi>	Covered all ER2 Short @ 763.90 --> + 0.6	14:37
<szubaark>	Covered all Short ES at 1475 --> + 1.25 «« paper »»
<Andy>	Exited 2/3 ER2 Long @ 734.0 --> - 29.4 «« paper »»	14:38
	Exited 2/3 ER2 Long @ 763.4 --> 0 «« paper »»
<KnnK>	Shorts ER2 @ 763.5	14:39
<gabe>	Shorts ER2 @ 763.70 «« paper »»
<Nesi>	Long ER2 @ 763.80 «« paper »»	14:40
<NihabaAshi>	Long ER2 @ 764.20 -> small size
<KnnK>	Covered all ER2 Short @ 764.5 --> - 1	14:41
<NihabaAshi>	I got some support via Gold and Oil...
	Hopefully it last and doesn't produce any contracting volatility
<gabe>	Covered all ER2 Short @ 764.70 --> - 1 «« paper »»
	Long ER2 @ 764.70 «« paper »»	14:44
<NihabaAshi>	Exited ER2 Long @ 764.40 --> + 0.2	14:46
	:(
<Andy>	Exited Remainder ER2 Long @ 764.0 --> + 0.6 «« paper »»
<Nesi>	Exited all ER2 Long @ 763.80 --> 0 «« paper »»	14:47
<gabe>	Exited all ER2 Long @ 763.70 --> - 1 «« paper »»
<Andy>	Long ER2 @ 763.7 «« paper »»	14:48
	Exited 1/2 ER2 Long @ 764.7 --> + 1 «« paper »»	14:49
<NihabaAshi>	Long ER2 @ 764.40 -> small size
<Andy>	Exited 1/4 ER2 Long @ 765.3 --> + 1.6 «« paper »»	14:52
<futurible>	LONG ER2 @765.00	14:53
<Andy>	766 plus a point seems possible	14:55
	action has dried up though
<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)	14:56
<startrader>	Shorts ES @ 1477 «« paper »»
<Andy>	Exited Remainder ER2 Long @ 764.9 --> + 1.2 «« paper »»	14:57
<futurible>	SELL TO CLOSE ER2 @ 766.00
<gabe>	Shorts ER2 @ 764.90 «« paper »»	15:00
<szubaark>	Buys ES @ 1477 «« paper »»	15:04
<jperl>	Had enough for today....trades here....
	http://charts.dacharts.com/2007-12-03/JP ERL_012.jpg
<szubaark>	expecting volatility spike soon
<Andy>	nice consistency, jperl	15:05
<Nesi>	nice job, jperl
<jperl>	tx
<szubaark>	good jperl
<jperl>	mostly a choppy day with ER2 hangking around old PVPs
<eminitrader>	Shorts ES @ 1477.25	15:06
<Andy>	just informed by the boss "we're" hanging ornaments...see you all tomorrow
<startrader>	Shorts ES @ 1477.25 «« paper »»
<NihabaAshi>	Exited ER2 Long @ 764.70 --> + 0.3
	Oil and Gold losing some steam	15:07
	Shorts ER2 @ 764.10 -> small size
<eminitrader>	Covered 1/2 ES Short @ 1475.25 --> + 2
<startrader>	Hope they take out the 1473 and run some stops.
<eminitrader>	:)	15:08
<startrader>	Could be a waterfall here.
<eminitrader>	Covered 1/3 ES Short @ 1473.75 --> + 3.5
<Tim_a1>	it's really been saggy today	15:09
<Nesi>	vn
<eminitrader>	thx
<szubaark>	Exited all Long ES at 1473 --> - 4 «« paper »»
	Shorts ES @ 1473 «« paper »»
<NihabaAshi>	Covered 1/2 ER2 Short @ 762.70 --> + 1.4	15:10
<gabe>	Covered all ER2 Short @ 762.50 --> + 2.4 «« paper »»
<startrader>	Covered 3/4 ES Short @ 1473 --> + 4.25 «« paper »»	15:11
<eminitrader>	nice
<werner>	nee	15:12
	sorry
<futurible>	covered ER2 @ 762.00 --> -3.00	15:13
<szubaark>	Buys ES @ 1474 «« paper »»	15:16
<startrader>	Covered Remainder ES Short @ 1475 --> + 2.25 «« paper »»
<Nesi>	Paulson interview with Maria on CNBC now..fwiw	15:18
	done