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#FuturesTrades December 4th Tuesday 2007 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+20.30	+30.80	+3517.90
$2,030	$3,080	$351,790

Profitable Trade

0936am - 0940am est

Losing Trade

0945am - 0948am 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: Tue Dec 04 09:28:07 2007Session Ident: #futurestrades

* Now talking in #futurestrades 09:28

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

<Pepe> gm 09:29

<startrader> Long ES @ 1465.75 «« paper »» 09:30

<eminitrader> Shorts ES @ 1465 09:31

<rickf> long es 1464.75 09:33

<Nesi> Long ER2 @ 752.90 «« paper »»

<startrader> Exited all ES Long @ 1466.25 --> + 0.5 «« paper »» 09:34

<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) 09:35

<PapaJon> gm all

<Nesi> Long ER2 @ 751.50 -> Add «« paper »» 09:36

Good Morning, PapaJon

<NihabaAshi> Shorts ER2 @ 751.00 -> large size

<eminitrader> Shorts ES @ 1464.50 -> Add

<PapaJon> gm nesi 09:37

<rickf> good call niha -- right off the cliff....

<startrader> Long ES @ 1463.25 «« paper »»

<NihabaAshi> Covered ER2 Short @ 749.40 --> + 1.6 09:38

Holding 1 contract only

<startrader> Long ES @ 1462.75 -> Add «« paper »»

<eminitrader> Covered 1/2 ES Short @ 1463 --> + 1.5

<Nesi> BUSH on tv at 10 am...fwiw 09:39

<eminitrader> Covered Remainder ES Short @ 1464.50 --> + 0.5

<Nesi> in 20 minutes

<NihabaAshi> Covered Remainder ER2 Short @ 750.80 --> + 0.2 09:40

<startrader> Exited all ES Long @ 1465 --> + 4 «« paper »»

<ItalianSharp> thanks nesi

<eminitrader> Shorts ES @ 1465

<rickf> bush speaks @ 10....press conference 09:43

<NihabaAshi> Shorts ER2 @ 750.80 -> small size 09:45

<eminitrader> Covered all ES Short @ 1465 --> 0 09:47

<NihabaAshi> Covered ER2 Short @ 751.50 --> - 0.7 09:48

Reverse and Enter Long ER2 @ 751.50

<startrader> Long ES @ 1465.75 «« paper »»

<eminitrader> Shorts ES @ 1466.25

<szubaark> Shorts ES @ 1466.25 «« paper »»

<KnnK> Shorts ER2 @ 752.10 09:50

<szubaark> exit stop set ES @ 1467.25 «« paper »»

<startrader> Exited all ES Long @ 1466 --> + 0.25 «« paper »»

<eminitrader> Covered 1/3 ES Short @ 1465.25 --> + 1

<startrader> sticky quote this morning, going to reboot.

<NihabaAshi> Exited ER2 Long @ 751.70 --> + 0.2 09:51

<szubaark> Covered all Short ES at 1466.25 --> 0 «« paper »» 09:52

<eminitrader> Shorts ES @ 1466 -> Add 09:53

<KnnK> Covered all ER2 Short @ 751.90 --> + 0.2

<eminitrader> Covered 1/3 ES Short @ 1465 --> + 1 09:54

Covered Remainder ES Short @ 1466 --> + 0.25 09:56

<Nesi> Exited all ER2 Long @ 752.60 --> + 0.8 «« paper »» 09:57

<eminitrader> Long ES @ 1466

<szubaark> Shorts ES @ 1467 «« paper »» 09:58

<eminitrader> Exited 1/2 ES Long @ 1467.50 --> + 1.5 09:59

<Pepe> nice emini

<eminitrader> thx p

Exited ES Long @ 1468.50 --> + 2.5 10:00

Reverse and Enter Short ES @ 1468.50

Covered 1/3 ES Short @ 1467.50 --> + 1

<Nesi> BUSH on 10:01

Shorts ER2 @ 753.80 «« paper »» 10:03

more money for war

* Trader222 short ES 1468.50 for scalp 10:04

<eminitrader> exit stop moved to breakeven ES @ 1468.50 10:07

* Trader222 cover ES 67.5 +1

<eminitrader> Covered 1/3 ES Short @ 1466.50 --> + 2 10:08

<gabe> Shorts ER2 @ 753.10 «« paper »» 10:09

<KnnK> Shorts ER2 @ 752.90

<eminitrader> Covered ES Short @ 1466 --> + 2.5

Reverse and Enter Long ES @ 1466

donw with the scalping...will hold for gap fill or until stopped out 10:11

Exited 1/3 ES Long @ 1468 --> + 2 10:12

<Brutus> damm good scalping emt :)

<eminitrader> abt done B

<NihabaAshi> Long ER2 @ 754.00 -> small size

<gabe> Covered all ER2 Short @ 754.10 --> - 1 «« paper »»

<eminitrader> exit stop moved to breakeven ES @ 1466 10:13

holding 7

<gabe> Long ER2 @ 754.10 «« paper »»

<KnnK> Covered ER2 Short @ 755 --> - 2.1

Reverse and Enter Long ER2 @ 755

<gabe> Reversed

<NihabaAshi> Exited all ER2 Long @ 754.70 --> + 0.7 10:15

<eminitrader> Exited ES Long @ 1468 --> + 2 10:16

hld 5

<gabe> Exited all ER2 Long @ 754.10 --> 0 «« paper »» 10:17

<KnnK> Exited ER2 Long @ 754.99 --> - 0.01 10:18

Reverse and Enter Short ER2 @ 754.99

<NihabaAshi> Long ER2 @ 753.40 -> small size 10:19

<gabe> Shorts ER2 @ 753.20 «« paper »»

<KnnK> Covered all ER2 Short @ 753.6 --> + 1.39 10:20

<eminitrader> Exited all ES Long @ 1466 --> 0 10:21

<KnnK> Shorts ER2 @ 753.10 10:22

<NihabaAshi> Long ER2 @ 753.10 -> Add

Exited 1/2 ER2 Long @ 753.90 --> + 0.8 10:23

Exited Remainder ER2 Long @ 753.70 --> + 0.3 10:24

<eminitrader> Long ES @ 1466.75 10:25

<startrader> buys er2 753.8 10:26

<KnnK> Covered all ER2 Short @ 753.9 --> - 0.8

<futurible> buy to open ER2 @ 754.00 10:27

<gabe> Covered all ER2 Short @ 753.60 --> - 0.4 «« paper »»

correction - covered 753.80 -.60 10:28

<szubaark> Covered all Short ES at 1469 --> - 2 «« paper »» 10:29

<eminitrader> Exited 1/2 ES Long @ 1468.75 --> + 2

<futurible> sell to close ER2 @ 766.00

<startrader> Sell to cover er2 755.5, did w say something or is the a 60 min setup?

<szubaark> Buys ES @ 1469.50 «« paper »» 10:30

<eminitrader> exit stop raised ES @ 1467.75 10:32

<futurible> sorry sell to close ER2 @ 756.00 10:33

<startrader> Shorts ES @ 1470 «« paper »»

<ScreenStruck> gm

<Nesi> Good Morning, ScreenStruck

<eminitrader> thats actually a nice entry for a sell S...was in 2 minds myself 10:34

<startrader> Covered all ES Short @ 1468.75 --> + 1.25 «« paper »»

<gabe> Shorts ER2 @ 756.00 «« paper »» 10:35

<startrader> Scalping on large size today, getting ready for tradingzar contest tomorrow.

<gabe> risky entry

<eminitrader> Exited ES Long @ 1468.50 --> + 1.75 10:36

Reverse and Enter Short ES @ 1468.50

<gabe> Covered all ER2 Short @ 755.80 --> + 0.2 «« paper »» 10:39

<startrader> Long ES @ 1468.75 «« paper »» 10:42

<NihabaAshi> Long ER2 @ 756.00 -> small size

<Nesi> BUSH done 10:44

<NihabaAshi> Exited 2/3 ER2 Long @ 757.20 --> + 1.2 10:45

<startrader> Exited 1/2 ES Long @ 1470.25 --> + 1.5 «« paper »» 10:46

<eminitrader> Shorts ES @ 1470 -> Add

<startrader> Exited 1/2 ES Long @ 1469 --> + 0.25 «« paper »»

<futurible> sell to open ER2 @ 758.10

<NihabaAshi> Exited Remainder ER2 Long @ 756.30 --> + 0.3 10:47

<eminitrader> Covered 2/3 ES Short @ 1468 --> + 2

<NihabaAshi> My remainders having a tough time today...

<szubaark> Exited all Long ES at 1468 --> - 1.5 «« paper »»

Shorts ES @ 1468 «« paper »»

<NihabaAshi> Will adapt and do "exit all" instead of scaling out.

<jperl> time for a break.....trades here.... 10:48

http://charts.dacharts.com/2007-12-04/JP ERL_013.jpg

<gabe> Shorts ER2 @ 755.40 «« paper »»

<Nesi> nice job again, jperl

thx

<Pepe> nice jperl

<jperl> tx

easier trading today than yesterday 10:49

<gabe> Covered all ER2 Short @ 754.50 --> + 0.9 «« paper »» 10:50

<Nesi> Long ER2 @ 754.90 «« paper »» 10:54

<Andy> vn, Nesi 10:56

<Nesi> hard stop set at 754.50 10:57

Exited all ER2 Long @ 754.50 --> - 0.4 «« paper »» 10:58

<eminitrader> exit stop lowered ES @ 1468.50 11:01

<gabe> Shorts ER2 @ 754.70 «« Scalp »» 11:04

* NihabaAshi is now known as NihabaAshi_away

<Nesi> Long ER2 @ 754.70 «« paper »»

<gabe> Covered all ER2 Short @ 754.30 --> + 0.4 «« Scalp »» 11:05

Long ER2 @ 755 «« Scalp »» 11:07

<eminitrader> Covered Remainder ES Short @ 1468.50 --> 0

done for now ...see u al later good trading

<Nesi> later, emini

<gabe> Exited all ER2 Long @ 755.30 --> + 0.3 «« Scalp »»

<eminitrader> later N

<Nesi> Exited all ER2 Long @ 744.60 --> - 10.1 «« paper »» 11:09

Exited all ER2 Long @ 754.60 --> - 0.1 «« paper »»

<Pepe> what happened? Why all people was quit??? 11:12

is here somebody? 11:13

<sav> im still here dont know what happened 11:15

<startrader> Shorts ES @ 1469 «« paper »» 11:23

<gabe> Covered all ER2 Short @ 754.90 --> + 0.1 «« Scalp »» 11:25

<les> Long ER2 @ 755.2 «« paper »»

<jperl> ER2 flirting with 2 week VWAP 755.54 11:27

<startrader> Covered 3/4 ES Short @ 1468.50 --> + 0.5 «« paper »» 11:28

<gabe> Shorts ER2 @ 755.30 «« Scalp »»

Covered all ER2 Short @ 754.90 --> + 0.4 «« Scalp »» 11:29

<les> Exited ER2 Long @ 754.2 --> - 1 «« paper »»

Reverse and Enter Short ER2 @ 754.2 «« paper »»

<startrader> Shorts ES @ 1467 -> Add «« paper »» 11:32

<Nesi> Long ER2 @ 753.80 «« paper »»

<Andy> disconnected 11:35

Long ER2 @ 753.6 «« paper »» 11:36

<les> Covered 1/2 ER2 Short @ 753.2 --> + 1 «« paper »»

<startrader> Covered all ES Short @ 1465.75 --> + 4.5 «« paper »» 11:37

<les> Covered Remainder ER2 Short @ 753.7 --> + 0.5 «« paper »» 11:40

<gabe> Shorts ER2 @ 753.50 «« Scalp »»

Covered all ER2 Short @ 753.10 --> + 0.4 «« Scalp »» 11:41

<Andy> Exited all ER2 Long @ 753. --> - 0.6 «« paper »»

<Nesi> feels like spike coming, 11:42

<les> Long ER2 @ 753.5 «« paper »» 11:43

<gabe> Long ER2 @ 753.40 «« Scalp »»

Exited all ER2 Long @ 753.70 --> + 0.3 «« Scalp »» 11:44

Shorts ER2 @ 753.40 «« Scalp »» 11:48

<startrader> Shorts ES @ 1466.75 «« paper »» 11:51

<gabe> Covered all ER2 Short @ 753.70 --> - 0.3 «« Scalp »» 11:53

<startrader> Covered all ES Short @ 1467.5 --> - 0.75 «« paper »» 11:54

<les> Exited 1/2 ER2 Long @ 754.7 --> + 1.2 «« paper »» 11:55

<startrader> Shorts ES @ 1467 «« paper »» 11:58

<les> Exited Remainder ER2 Long @ 753.7 --> + 0.2 «« paper »»

<startrader> Covered all ES Short @ 1466.25 --> + 0.75 «« paper »» 12:01

<Nesi> Exited all ER2 Long @ 755.50 --> + 1.7 «« paper »» 12:04

<Andy> Shorts ER2 @ 755.5 «« paper »» 12:05

Covered all ER2 Short @ 755.8 --> - 0.3 «« paper »» 12:06

<rickf> STC ES @1469 12:07

long first trade of my morning....sheesh

<Andy> Shorts ER2 @ 755.8 «« paper »»

Covered all ER2 Short @ 755.8 --> 0 «« paper »» 12:11

<szubaark> Buys ES @ 1469 «« paper »» 12:12

<gabe> Shorts ER2 @ 755.50 «« Scalp »» 12:14

<Nesi> Long ER2 @ 755.90 -> large size «« paper »» 12:16

<NihabaAshi_away> Long ER2 @ 756.00 -> small size 12:17

* NihabaAshi_away is now known as NihabaAshi

<pat255> hi all... 12:20

Niha em nesi ..szu 12:21

<Nesi> hi pat

<gabe> Covered all ER2 Short @ 756.50 --> - 1 «« Scalp »»

<NihabaAshi> Exited 2/3 ER2 Long @ 756.60 --> + 0.6

<startrader> short er2 756.7 12:22

<szubaark> hi pat, @office? :(

<NihabaAshi> Exited Remainder ER2 Long @ 756.80 --> + 0.8

<pat255> y ... 12:23

gotta make a living ...so log on when i can ..

<Andy> Shorts ER2 @ 756.3 «« paper »» 12:24

not exactly plummeting yet 12:28

<Nesi> trying to spike again 12:30

<Andy> as szu would say, hope it spikes to the downside, I'm short

<startrader> Shorts ES @ 1469.75 «« paper »» 12:31

<Nesi> Long ES @ 1470.00 «« paper »»

<szubaark> i want spike upside, im Long 12:33

<Andy> lol

<startrader> es is has a dt and ym and er are sandbagging. Would like to see a move back to 1466 and below!!!

<Nesi> zzzz 12:34

<pat255> y ..no reports etc this pm? 12:37

<szubaark> Weird Price Action again 12:39

<Andy> Covered 1/2 ER2 Short @ 755.6 --> + 0.7 «« paper »»

<startrader> Covered 1/2 ES Short @ 1468.50 --> + 1.25 «« paper »» 12:40

<Andy> Covered Remainder ER2 Short @ 756.1 --> + 0.2 «« paper »» 12:43

<startrader> Covered Remainder ES Short @ 1471 --> - 1.25 «« paper »» 12:48

<Nesi> Exited all ER2 Long @ 757.60 --> - 712.4 «« paper »»

strange

<rickf> tempting short on the es, but hesitant 12:52

<Andy> you'd think after that long holding period, some longs would want to get out 12:53

<rickf> technically it looks like a decent setup - rsi, sto and smi matching up, but my experience these days is that TA from about 1PM--> close is a gamble, that it's more psychology. 12:54

<Andy> TA? 12:55

<Nesi> Long YM @ 13320 «« paper »»

<rickf> technical analysis -- charts/indicators

<Andy> thanks 12:56

<rickf> np

<Andy> I've noticed that tendency more after 3:00 p.m. est, especially after 3:30 12:58

TA, divergences unhelpful 12:59

<gabe> Shorts ER2 @ 757.40 «« Scalp »» 13:00

Covered all ER2 Short @ 758.40 --> - 1 «« Scalp »» 13:02

<startrader> short ym 13330 13:06

<gabe> Shorts ER2 @ 757.60 «« Scalp »» 13:08

try again

<Andy> much better little sell off this time, you may have something

<Nesi> Exited all ES Long @ 1470.25 --> - 11849.75 «« paper »» 13:09

hmmm

<Andy> that's a big hit, Nesi

<Nesi> :)

<Andy> lol

<startrader> cover 1/2 ym 13315 13:11

cover 1/4 ym 13310 13:13

<Trader22> crap, no fill s 1472.50 and didn't chase 13:15

<gabe> Covered all ER2 Short @ 756.90 --> + 0.7 «« Scalp »» 13:16

* NihabaAshi is now known as NihabaAshi_away 13:18

<Trader22> crapshoot here; 1473 or back to 1465s 13:25

<startrader> 60 min close below 69 should send it to test the lows. 13:27

<Andy> Long ER2 @ 754.5 «« paper »» 13:39

Exited 1/3 ER2 Long @ 755.1 --> + 0.6 «« paper »» 13:43

Exited 1/3 ER2 Long @ 755.6 --> + 1.1 «« paper »» 13:45

Exited Remainder ER2 Long @ 755.9 --> + 1.4 «« paper »» 13:51

<szubaark> Exited all Long ES at 1469 --> 0 «« paper »» 13:54

Shorts ES @ 1469 «« paper »»

spike coming up, hopefully downside Im Short 14:02

<rickf> how do you predict the spike?

<szubaark> volatility contracting 14:03

<rickf> BB squeeze?

ahhh ok

* NihabaAshi_away is now known as NihabaAshi 14:10

<szubaark> holding for possible low of day test on ES 14:21

<silo> hello everyone !! 14:27

thanks niha

<szubaark> You in!

<silo> it's been a while

<startrader> This is the 4th test of the 15 min ivb on 11.29 early am. 14:29

<NihabaAshi> Welcome back Silo

<szubaark> Covered all Short ES at 1468 --> + 1 «« paper »» 14:32

<startrader> Shorts ES @ 1467.75 «« paper »»

Shorts ES @ 1466.75 -> Add «« paper »»

<szubaark> Shorts ES @ 1466.75 «« paper »» 14:33

<startrader> Shorts ES @ 1468 -> Add «« paper »» 14:38

Darn 66.6! 14:46

<szubaark> need patience of a Saint for this 14:47

<eminitrader> Long ES @ 1466.75

<Trader22> flat; and thinking up for close, but just sitting here bored to death

<rainer> Long YM @ 13287

Exited all YM Long @ 13297 --> + 10 14:48

<eminitrader> Exited 1/2 ES Long @ 1468.25 --> + 1.5 14:49

<szubaark> Covered all Short ES at 1469 --> - 2.25 «« paper »» 14:51

<eminitrader> Exited ES Long @ 1468.75 --> + 2

Reverse and Enter Short ES @ 1468.75

<startrader> Shorts ES @ 1469 -> Add «« paper »» 14:52

<eminitrader> Shorts ES @ 1469.25 -> Add 14:55

hld 10

avg 1469

exit stop lowered ES @ 1469.50 14:57

Covered all ES Short @ 1469.50 --> - 1 14:58

Shorts ES @ 1469.75 15:00

Covered 2/3 ES Short @ 1467.75 --> + 2 15:06

Covered Remainder ES Short @ 1468.25 --> + 1.5 15:10

<Andy> Shorts ER2 @ 757.0 «« paper »» 15:23

<gabe> Shorts ER2 @ 756.70 «« Scalp »» 15:27

Covered all ER2 Short @ 755.60 --> + 1.1 «« Scalp »» 15:28

<Andy> Covered 2/3 ER2 Short @ 755.3 --> + 1.7 «« paper »» 15:29

<startrader> Shorts ES @ 1468 -> Add «« paper »» 15:30

Covered 3/4 ES Short @ 1467.75 --> + 0.25 «« paper »» 15:31

1466.75 15:32

<silo> is Niha trading?

<Andy> Niha is shoveling snow

<silo> hehe 15:33

hey andy

you've been trading his system for a while?

<Andy> hello silo

not long, trying to play with some of my own stuff as well

but highly interested in Niha's approach 15:34

<silo> i only know about his hammer pattern setups

what are some other setups that he trades?

<Andy> he would probably want me to refer you to his site "thestrategylab.com"

<jperl> done for today....P/L here.... 15:35

http://charts.dacharts.com/2007-12-04/JP ERL_014.jpg

<silo> what's the total pnl? after comissions 15:36

<Andy> Covered Remainder ER2 Short @ 756.3 --> + 0.7 «« paper »»

<jperl> you asking me silo? 15:37

<silo> yeah

<jperl> about $800 15:38

<Andy> gee, I thought we didn't discuss money here, lol

<silo> hehe

:D

<Andy> jperl is a very consistent trader

<silo> you probably do better usualyl when the market isn't this crazy right?

how come he is still trading 1 contract ? did you scale down because of the high market volatility? 15:39

<jperl> Suggest you look at the list of trades Silo.... 15:40

starts off with 1 but increases on scale in

<silo> got it 15:43

<startrader> Covered Remainder ES Short @ 1464.50 --> + 3.25 «« paper »»

<silo> how can i look at your pnl from previous months :)

<Andy> vn, st, you held on well

<jperl> just look it up at the url I posted here 15:44

<rickf> k all i'm out....have a good one, see you tomorrow 15:45

<startrader> Added higher as well, and after 3:15 15 min close. Had ym and er2 enter short on downside breakouts too. 15:46

Long ES @ 1465.25 «« paper »» 15:47

<silo> JPERL: do yo have a JPERL pnl file for each day? i see one or two but can't see many :( 15:50

<jperl> There is one for each day that I trade..... 15:51

I did not trade middle of sept to middle of oct

so no files

<silo> ooh

<jperl> was in China 15:52

<silo> mid august to late oct is where i made most of my money :)

<startrader> Exited all ES Long @ 1465.75 --> + 0.5 «« paper »» 15:57

<silo> so i'm looking over Niha's PNL from October and November.... he has no down day at all? 16:01

that's a little hard to believe

<Andy> April 13th, his last

<silo> absolutely no down days ?

you're kidding me

<Andy> seems to verify it through his on line trades that I've seen 16:02

highly impressive

<silo> so of 240 trading day... he probably only has 2 down days ?

in a year

<Brutus> ============ U.S. MARKETS ACTION =========== 16:03

DJIA down 60.72 points to 13253.85

NASDAQ down 18.90 points to 2618.23

S&P 500 down 8.76 points to 1463.66

10-year T-note down 3/32 at 103 05/32 yield 3.864

NYMEX Spot Crude down $0.99 at $88.32/bbl at close.

Dollar/Euro up 0.0093 at 1.4761

<werner> believe it or not silo

gn all 16:04

<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) 16:08

<NihabaAshi> Yes...\ 16:09

Silo...I'm going to write a article and post it online about how to "Maintain a Win Streak".

For example, I'll talk about calling it quits for the trading day early when you're profitable but frustrated that things aren't going well. 16:10

Simply, that frustration eventually (usually but not always) catches up in a negative way if we continue trading. 16:11

Other stuff I'll mention is position size management, adapting to changing markets et cetera. 16:12

<silo> oh definetly

i've been swing trading

made 90k from mid august to late oct.

more than doubled my accounts 16:13

<NihabaAshi> Simply, to maintain a win streak has very little to do with our pattern signals.

<silo> but gave back half the profits in 2 weeks near the top of this major correction

so yeah... management is key... and be able to identify the market is the KEY

<NihabaAshi> Wow...90k...impressive.

<silo> everything stem from being able to identify the market

then comes the position sizing

and change of game plan

i learned that this time.... gave back half the profits ... kidna sucked 16:14

but a very valuable lesson was learned

:)

niha... but i'm here because i want to master a different type of game..... a game that can be profitable in a volatile and choppy market 16:18

where swings are big... with no market direction

<NihabaAshi> Ok... 16:19

<silo> i already know i can make good money with swing trading ( i typically only for for a day to 4 days)

<NihabaAshi> Yeah...the more volatility the better :)

<silo> but when a market hits a top

volatility gets high

swings get big

<NihabaAshi> It's one of the reasons why I trade ER2.

<silo> and swing trading is not the best method in this particular market

so rather than just wait for the market to consolidate 16:20

i would love to just switch from swing to daytrading futures

this way i wont be forcing myself to swing trade. and ended up giving away profits

you know what i mean?

:D

different phases of the market requires different plans of attack

<NihabaAshi> Agree...its why I only swing trade certain times of the year. 16:24

<silo> Niha.. i just sent you a message 16:33

* sep34 is now known as sep34_away

<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) 18:14

<silo> hello 18:48

anyone still around? 18:49

<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) 20:20

#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) 22:26

* NihabaAshi is now known as NihabaAshi_awaySession Close: Tue Dec 04 23:44:35 2007 23:23

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)

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#FuturesTrades past logs can be searched via using Google. For example, pretend you want to research what has been said about volatility analysis. Go to the Google search window below and type in "volatility analysis" site:thestrategylab.com (exactly as I typed it including the quotation marks) and you will find everything associated with those key words that were used by any member of #FuturesTrades.


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

Argentina, Australia, Belgium, Brazil, Canada, Denmark, France, Germany, Greece, Hong Kong (China), Israel, Italy, Japan, Mexico, Portugal, Puerto Rico (U.S.), Saudi Arabia, Singapore, Spain, United States and Venezuela.

In addition, below are the trading instruments our chat room members monitor closely to make trade decisions:

CME Emini Futures EMD, ER2, ES and NQ

CBOT mini-sized Dow Futures YM

Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50

Eurex Fixed Income Derivatives BUND, BOBL and Schatz

Euronext Futures FTSE-100 and CAC-40

CME Futures EuroFX EC

Treasury Futures T-Notes ZN, ZF and T-Bonds ZB

Forex Currencies EurUsd, EurYen and UsdCdn

Exchange Traded Funds DIA, IWM, QQQQ, SPY, OIH, XLE and GLD

NYMEX Energies Light Crude Oil CL, e-miNY QM and Natural Gas NG

COMEX Metals Gold GC and ZG

Hang Seng Index Futures HSI

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

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