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#FuturesTrades December 5th Wednesday 2007 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+5.20	+36.00	+3523.10
$520	$3,600	$352,310

Profitable Trade

1415pm - 1424pm est

Losing Trade

1000am - 1004am 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 Dec 05 06:05:35 2007Session Ident: #futurestrades

* Now talking in #futurestrades 06:05

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

#FuturesTrades Info -> Chat room for traders and intermarket analysis of Emini Futures (EMD, ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQQ, SPY) 06:44

#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) 08:50

<pat255> gm all 09:08

* sep34_away is now known as sep34 09:16

<Bambam-77> gm all ss trigger for me is 1477.25 es and 762.9 er otherwise protecting longs 09:19

<pat255> gm N any bias this am? 09:20

<Bambam-77> i really want my 20 pt trgt this am 1482.25 would really make my day but will not hold my breath will short contra in other account and hold long to stp 09:21

<werner> gm all 09:24

<Andy> gm all

<rickf> gm all

<PapaJon> gm all 09:25

<Trader22> gm 09:26

<rickf> gm all

<ripsboy> Good morning all... 09:29

<eminitrader> Long ES @ 1477.50 09:32

<Bambam-77> cov 1 lot at 1477.50 +1.5

<pat255> gm em

<DrT> gm everyone

<eminitrader> morn pat

<Bambam-77> still long stp 1477 on close below

<eminitrader> exit stop moved to breakeven ES @ 1477.50 09:34

<Bambam-77> 77 area holding can we hit 82.50

<eminitrader> think yes 09:35

<NihabaAshi> Long ER2 @ 764.10 -> small size

<eminitrader> Exited all ES Long @ 1477.50 --> 0 09:36

<Bambam-77> that would set us up for nice dbl top 1480.5 is murry 8/8

<NihabaAshi> Exited ER2 Long @ 763.60 --> - 0.5

Reverse and Enter Short ER2 @ 763.60

<eminitrader> Long ES @ 1477.75

<Bambam-77> 765.6 is er 8/8 09:37

<NihabaAshi> Covered ER2 Short @ 764.20 --> - 0.6

<Bambam-77> upsy daisy

<eminitrader> saken out ...lost a tick on the re entry

<NihabaAshi> Long ER2 @ 764.10 -> small size 09:38

trying again

<Bambam-77> flat my ss trailing long still es

1477 stp still 09:39

<eminitrader> exit stop raised ES @ 1477.25

<NihabaAshi> Long ER2 @ 764.20 -> Add 09:40

<Bambam-77> 82.50 confirmed point of control and trgt for profit taking 09:41

<Nesi> good morning 09:43

<NihabaAshi> :(

<eminitrader> Exited all ES Long @ 1478.25 --> + 0.5

<pat255> dan sudden drop .. 09:44

<NihabaAshi> Yeah...it happens sometimes prior to the 10am multiple key market event 09:45

<pat255> i c..thks

<eminitrader> Shorts ES @ 1478.75

<Bambam-77> still long here need close below stp to take me out

1477 stp

<Brutus> Shorts ES @ 1479 «« paper »» 09:46

<NihabaAshi> volatility declining fast...

I'm expecting a volatility spike here soon.

<szubaark> Shorts ES @ 1478.75 «« paper »»

<NihabaAshi> Hopefully it takes price upwards and not downwards.

<Bambam-77> we going hier 09:47

<Brutus> Covered ES Short @ 41479.75 --> - 40000.75 «« paper »»

<Bambam-77> they buying up the hi's

1479 2k lot buyers

<rickf> STO ES 1480.25

<Bambam-77> do not see any large sellers yer on tape 09:48

<NihabaAshi> Exited ER2 Long @ 763.30 --> - 0.8

Reverse and Enter Short ER2 @ 763.30

<gabe> Shorts ER2 @ 762.90 «« Scalp »» 09:49

<Bambam-77> be carefull here pos dbl top

manageing long

<szubaark> yup

<eminitrader> exit stop lowered ES @ 1480.75

<Bambam-77> next 3 min must start printing green 09:50

<eminitrader> why ?

<Bambam-77> 3 min bar

<szubaark> :)

<gabe> Covered all ER2 Short @ 762.20 --> + 0.7 «« Scalp »»

<Bambam-77> or longs in trouble 09:51

<NihabaAshi> That volatility spike upwards gave me the opportunity to minimize my loss on the Long position. (-0.9 and -0.8).

<Bambam-77> green so far lets see if we follow through next bar 09:52

stp 77.50 now

do or die

so far inside bar 09:53

<NihabaAshi> Covered ER2 Short @ 761.70 --> + 4.1 09:54

<Bambam-77> 1478 minor support

<eminitrader> wow nice niha

<NihabaAshi> Incorrect

<eminitrader> es stuck here

<szubaark> yes looking for any spike down to cover 09:55

<NihabaAshi> The script math should have shown +1.6 and not +4.1

<eminitrader> true szu....looking like a consolidation so far..for new highs 09:56

<Bambam-77> 82.25 or stp

<Brutus> 1000/1500 Oct Pending Home Sales Index

+0.2%

1000/1500 Oct Factory Orders

Total Orders +0.2%

1000/1500 Nov ISM Non-Manufacturing Business Index

Non-Manufacturing Business

Index 55.8

<szubaark> maybe 10 am News Reports will give it the Volatility we need

<NihabaAshi> Long ER2 @ 762.80 -> small size 09:57

<startrader> Shorts ES @ 1480.25 «« paper »»

<eminitrader> Covered ES Short @ 1480.25 --> - 1.5

Reverse and Enter Long ES @ 1480.25

<Bambam-77> er2 for retest of hi

<NihabaAshi> Exited ER2 Long @ 762.00 --> - 0.8 09:58

<eminitrader> Long ES @ 1478.75 -> Add

<startrader> Covered 1/2 ES Short @ 1478.75 --> + 1.5 «« paper »»

<eminitrader> hld 10

<Bambam-77> 79.75 for 1k buy sellers averaging 300 lots of less 09:59

<NihabaAshi> Shorts ER2 @ 762.20 -> small size 10:00

<startrader> Covered Remainder ES Short @ 1478.50 --> + 1.75 «« paper »» 10:01

<szubaark> Covered all Short ES at 1478.75 --> 0 «« paper »» 10:03

<Bambam-77> ossilators diverging implies pos hi'er prices to follow off 3 min chart

<szubaark> Buys ES @ 1480 «« paper »»

<NihabaAshi> Covered ER2 Short @ 763.20 --> - 1 10:04

Reverse and Enter Long ER2 @ 763.20

<Bambam-77> 1482.50 is a tempting vol pocket what is to close to not take out

<eminitrader> Exited 1/2 ES Long @ 1481.50 --> + 2.75

no avg was 1479.50 so thats 2

<szubaark> nice emini.

<eminitrader> thx szu

<szubaark> Exited all Long ES at 1482 --> + 2 «« paper »» 10:05

<eminitrader> nice :)

<szubaark> thx,

<eminitrader> exit stop moved to breakeven ES @ 1479.50

<Bambam-77> come 1 more tic 10:06

<startrader> Shorts ES @ 1481.50 «« paper »»

<Bambam-77> 1478.50 stp on trailing now 10:07

and ss trigger

<NihabaAshi> Exited ER2 Long @ 763.60 --> + 0.4 10:08

<eminitrader> Exited Remainder ES Long @ 1480.50 --> + 0.25

<Bambam-77> if we blow trough 82.50 i will look for 85.50 vpoc

<gabe> Shorts ER2 @ 763.10 «« Scalp »» 10:09

<startrader> Covered all ES Short @ 1479.75 --> + 1.75 «« paper »»

<eminitrader> Long ES @ 1479.50 10:10

<NihabaAshi> Due largely to the gap to the upside at the open... 10:11

Today's volatility has already exceeded the volatility levels of the entire yesterday price action.

<Bambam-77> market is coiling or contracting next move shold be explosive still long with sclaps short

<NihabaAshi> With the daily chart volatility analysis...

<gabe> Covered all ER2 Short @ 763.50 --> - 0.4 «« Scalp »» 10:12

<NihabaAshi> That sets up today to produce a "very strong directional price movement".

So far because of the big gap...its tricky business right now.

Main reason why I'm keeping my position size at the minimum. 10:13

<eminitrader> Long ES @ 1478.50 -> Add

<szubaark> Buys ES @ 1478.75 «« paper »»

<gabe> should have widened stop a bit

<eminitrader> now hld 10

<startrader> Long ES @ 1478.50 «« paper »» 10:14

<NihabaAshi> Long ER2 @ 762.20 -> small size

<Bambam-77> protect ss long is gone using 1481.25 as ss stp 10:16

<Guest35179> Long ER2 @ 761.6 10:17

<startrader> Exited all ES Long @ 1478.75 --> + 0.25 «« paper »» 10:18

<Bambam-77> scalping long

763.90 is my short stp and long trigger 10:19

<eminitrader> Exited 1/2 ES Long @ 1478.50 --> 0 10:21

no thats - 0.5hld 5 from 1479 avg

Long ES @ 1478 -> Add 10:23

<Brutus> 1030/1530 Nov 30 US Energy Dept Oil Inventories

Crude Oil Stocks (in barrels) -400K

Gasoline Stocks (in barrels) +1.4M

Distillate Stocks (in barrels) -100K

<eminitrader> k loos up

<Guest35179> Exited all ER2 Long @ 761.6 --> 0

<eminitrader> avg 10 long 1478.50 10:24

be back

<NihabaAshi> Exited ER2 Long @ 761.60 --> - 0.6 10:25

Reverse and Enter Short ER2 @ 761.60

<szubaark> emini, where yur Stop?

<startrader> Shorts ES @ 1478 «« paper »»

<eminitrader> 1475.50 szu

<Bambam-77> scalp long 77.50 10:26

<NihabaAshi> geeesh...

<gabe> Shorts ER2 @ 761.70 «« paper »» 10:27

<Bambam-77> trailing ss is 81.25stp 10:30

<szubaark> exit stop moved to breakeven ES @ 1478.75 «« paper »»

<startrader> Shorts ES @ 1479.50 -> Add «« paper »»

<Bambam-77> long trgt +2 79.50

<szubaark> Exited all Long ES at 1478.75 --> 0 «« paper »»

<NihabaAshi> weired

ER2 not following other key markets 10:31

Covered ER2 Short @ 762.00 --> - 0.4

Reverse and Enter Long ER2 @ 762.00

<Bambam-77> er has mind of its own sometimes

<jperl> time for a break....tough making a buck this morning... 10:33

trades here....

http://charts.dacharts.com/2007-12-05/JP ERL_015.jpg

<startrader> Covered all ES Short @ 1478.25 --> + 1 «« paper »» 10:34

<szubaark> Shorts ES @ 1478.50 «« paper »» 10:35

<NihabaAshi> ER2 resisting strongly to follow other markets

<Bambam-77> initial balance for es is for 1st hr 1477 x 1482.25

761.20 x 765.20 er 10:36

<Guest35179> Long ER2 @ 761.7

<eminitrader> exit stop raised ES @ 1477.50 10:37

<NihabaAshi> Exited ER2 Long @ 762.50 --> + 0.5

<Bambam-77> first er expantion could be 767.20 or 759.20

<Guest35179> Exited all ER2 Long @ 762.4 --> + 0.7

<NihabaAshi> Be back later...going to go get something to eat and a little rest. 10:38

Hopefully I'll feel more at ease with the price action when I return.

<Bambam-77> 1484.75 or 1474.25 es i think 1484.75 is doable and it will take out vpoc ant 82.50

<startrader> The line set on the 60m at 78.25 on the 13th and 14th has been dominant in this price area.

* NihabaAshi is now known as NihabaAshi_away 10:39

<Bambam-77> 1484.50 is upper keltner as well ss trail is 1481.25 long scalp stp at breakeven + tic 10:40

<eminitrader> Exited 1/2 ES Long @ 1480 --> + 2 10:41

<Bambam-77> 77.75 stp long

i really do not care which way this maket goes as long as it is moving 10:42

<eminitrader> exit stop moved to breakeven ES @ 1478.50

<startrader> Shorts ES @ 1480.50 «« paper »» 10:43

<Bambam-77> hedge working short trail is flat long is triggered and trailing stp now 1477.75 trgt 1484.50 10:45

<startrader> Shorts ES @ 1481.50 -> Add «« paper »»

<Bambam-77> time pivot is 11:10 10:47

767 pos er trgt 10:48

<eminitrader> Exited ES Long @ 1482.50 --> + 3 10:49

holding 3

<Brutus> good trade and entry e 10:50

<eminitrader> thx B..

wish had more size

<Bambam-77> come on 84.50 you have 10 min left to time pivot 10:53

<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)

<eminitrader> whats a time pivot BB...never heard of it 10:56

<Bambam-77> long stp 1479.25 scalp ss at will if you like contra trend trades or hedge swing position

10 min to time pivot and trgt 84.50 if we do not get trgt it tells me we getting weaker 10:59

protect longs 11:04

<Trader22> anyone know when europe banks tonight have news on their possible rate cuts? 11:08

<Brutus> 1s t2 11:09

<eminitrader> Exited ES Long @ 1485 --> + 5.5 11:13

hld 1

<Trader22> nice hold 11:14

<eminitrader> thx T

<szubaark> very good trade.

<eminitrader> thx szu

<werner> so santa is here ....be back later 11:16

<Trader22> so glad not short but just grab a long 11:23

<szubaark> so ER was used as a Decoy 11:24

<Trader22> but just cannot grab a new long

<rickf> back from gym, stopped out at 1486. grrr 11:36

<Andy> Shorts ER2 @ 767.6 «« paper »»

<Brutus> http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={2af15 562-1872-4fa7-b374-6623b46d8b3c} 11:37

<gabe> Shorts ER2 @ 767.10 «« paper »»

<Brutus> t2 see link

<Nesi> UPDATE: Nymex Not In Talks With NYSE Euronext - Chairman 11:39

(Dow Jones 12/05 11:38:44)

* Trader22 short YM 13,445 area 11:42

<bern2> in 3 min

US Treasury Secretary Henry Paulson will speak about upcoming talks regarding economic relations with China at the Asia Society, in Washington DC.

<Andy> volatility spike soon, hopefully to the downside, I'm short 11:43

<NihabaAshi_away> Long ER2 @ 767.30 -> small size

* NihabaAshi_away is now known as NihabaAshi

<Andy> Covered all ER2 Short @ 767.3 --> + 0.3 «« paper »» 11:44

<Nesi> Tsy Paulson: China Forex Reform Not Moving Fast Enough 11:45

(Dow Jones 12/05 11:45:01)

Tsy Paulson Warns About Growing Protectionism In US, China

(Dow Jones 12/05 11:45:01)

Tsy Paulson: China Forex Reform Has `Accelerated'

(Dow Jones 12/05 11:45:00)

<NihabaAshi> Exited ER2 Long @ 767.50 --> + 0.2 11:46

<gabe> Covered all ER2 Short @ 768.10 --> - 1 «« paper »» 11:48

<eminitrader> Exited Remainder ES Long @ 1488.50 --> + 9

<Brutus> vn e

<eminitrader> ok got my tenner..done for the day..good trading all

thx B

<pat255> vn em .. 11:49

<eminitrader> thx pat

<pat255> later

<Nesi> http://www.youtube.com/watch?v=ALn0GBkM_ 5c 11:50

:)

* codehead_afk is now known as codehead 11:51

<Pepe> :))) 11:53

<Andy> Shorts ER2 @ 768.1 «« paper »» 11:59

Covered all ER2 Short @ 768.7 --> - 0.6 «« paper »» 12:00

<Nesi> DJ Bristol-Myers REaffirms Non-GAAP EPS View $1.42-$1.47 At High End Of Range 12:01

(Dow Jones 12/05 12:01:42)

<NihabaAshi> Shorts ER2 @ 768.20 -> small size 12:04

Price spurt around the corner. 12:06

<KnnK> sell limit to enter short ER2 @ 767.30

<pat255> later guys ty all 12:08

<KnnK> Short ER2 @ 767.30 12:10

<gabe> Shorts ER2 @ 767.40 «« paper »» 12:11

<Bambam-77> all long trgts hit trailing is 1485 now

and ss trigger 12:12

<NihabaAshi> Covered 1/2 ER2 Short @ 766.90 --> + 1.3 12:13

<Bambam-77> ridiculas profit today

<szubaark> Shorts ES @ 1486 «« paper »» 12:14

<NihabaAshi> Looks like some contracting volatility is due after that price surge 12:15

May get lucky and catch a second price surge downwards or a quick 3 tick push downwards before it goes into contraction.

<Nesi> Tsy Paulson: Sees US Regulatory Overhaul Plan In Early '08 12:16

(Dow Jones 12/05 12:16:04)

<Bambam-77> looking for a rtrc to 1485 area by 1300hrs

er time pivot ant trgt is 764.4 by 13:25 eastern 12:20

<rickf> spike down would be nice (short) but am cynical today

oh....STO ES 1487.60 about 15 mins ago

<gabe> Covered all ER2 Short @ 766.80 --> + 0.6 «« paper »» 12:23

<NihabaAshi> ER2 should have tested 766.00 by now :( 12:24

I'm slowly losing my patience

<eminitrader> Long ES @ 1486.50 12:25

<NihabaAshi> Covered ER2 Short @ 767.10 --> + 1.1

<Nesi> nice Niha

<Bambam-77> just trail take profits and trail last lot my stp for er is 769 12:26

<KnnK> Covered all ER2 Short @ 767.60 --> - 0.3

<Bambam-77> 2 lots already covered of 3

<startrader> Shorts ES @ 1487 «« paper »» 12:29

<Bambam-77> pos bear flag er and es 5 min bars 12:34

protect scalps long on er 12:38

short sop for me is 769 looking for trgt 764.3 12:39

sop=stp 12:40

er relatively weaker than es 12:43

<eminitrader> Exited 1/2 ES Long @ 1488.50 --> + 2 12:46

<Pepe> nice

<eminitrader> thx p 12:47

<Bambam-77> wtg e i am flat es now long scalp the er with a ss trailing 769 stp took trgt 1 off on scalp have 2 left 12:48

<eminitrader> exit stop moved to breakeven ES @ 1486.50 12:49

<Bambam-77> long stp is 65.3 will move to b/e at trgt 2looking for 768.6 area trgt 2 12:50

<NihabaAshi> Long ER2 @ 767.70 -> small size 12:53

<Bambam-77> protecting long scalp

<NihabaAshi> Exited ER2 Long @ 767.00 --> - 0.7 12:54

Reverse and Enter Short ER2 @ 767.00

<eminitrader> Exited Remainder ES Long @ 1486.50 --> 0

<NihabaAshi> Shorts ER2 @ 766.30 -> Add

<Bambam-77> ss still on tact new stp now 768.4 12:55

flat long

er

13.25 to trgt 12:56

<NihabaAshi> Covered 1/2 ER2 Short @ 765.20 --> + 1.1

<Bambam-77> 763.40 next pos trgt

<szubaark> Covered all Short ES at 1483 --> + 3 «« paper »» 12:57

Buys ES @ 1483.25 «« paper »»

<Bambam-77> i really want 61.5 stp now 766.7 area

<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) 12:59

<gabe> Shorts ER2 @ 765.70 «« paper »»

<startrader> Shorts ES @ 1483.50 -> Add «« paper »» 13:00

<NihabaAshi> Covered Remainder ER2 Short @ 764.70 --> + 2.3 13:01

<Bambam-77> wtg niha

<Nesi> Moody's Sees MBIA Having Greater Risk Of Capital Shortfall 13:02

(Dow Jones 12/05 13:01:59)

Moody's Believes MBIA Capital Shortfall 'Somewhat Likely'

(Dow Jones 12/05 13:02:40) 13:03

this news may affect market..imo

<gabe> Covered all ER2 Short @ 764.90 --> + 0.8 «« paper »»

<Bambam-77> i am still ss 1 lot stp 63.4 first then trgt

<rickf> BTO ES 1483.50 13:04

er BTC, not BTO

<Nesi> MBI on CNBC now..fwiw 13:06

<Bambam-77> will take contra in scalp account watching first trgt for pos bounce to protect swing ss 13:07

<eminitrader> Shorts ES @ 483.75 13:08

oops

Shorts ES @ 1483.75

<NihabaAshi> Shorts ER2 @ 764.50 -> small size 13:09

Covered 1/2 ER2 Short @ 763.40 --> + 1.1 13:10

<Bambam-77> market weaking 63.4 first trgt stop still 65.70 area now

<eminitrader> Covered 2/3 ES Short @ 1480.25 --> + 3.5

<rickf> crap I cant get into the order fast enough -- keeps sinking. :(

<NihabaAshi> I waited for some upticks to get in. 13:11

<rickf> that's what i was doing

<Nesi> i saw MBI news and market reacted, fwiw

<Bambam-77> long contra 63

<startrader> Covered 1/2 ES Short @ 1481.25 --> + 2.25 «« paper »»

<eminitrader> mine was purely based on that :)

<Nesi> on the news, emini?

<rickf> emini - nice one

<NihabaAshi> I wen short in ER2 when it hit 764.70 on upticks but got filled in at 764.50

<eminitrader> yep hehehe

thx t 13:12

<Nesi> MBIA Shares Down 10% Following Comments From Moody's >MBI

(Dow Jones 12/05 13:11:52)

<szubaark> Exited all Long ES at 1480.25 --> - 3 «« paper »»

<Bambam-77> trgt 64 come on bounce

<szubaark> Shorts ES @ 1480.25 «« paper »»

<eminitrader> Covered ES Short @ 1480.75 --> + 3

Reverse and Enter Long ES @ 1480.75

<szubaark> lol

<Bambam-77> cha ching 13:13

stp b63.20

<szubaark> that sell off looked like more then just Profit taking, need followthru now 13:14

<NihabaAshi> I saw the market reacting to MBI but I don't know what MBI is :)

<eminitrader> first a pullback szu...

<Nesi> its a bank

<rickf> mortgage insurer i think

<eminitrader> shake some out and then prolly tank 13:15

<NihabaAshi> Ok...I guess that then :)

<Bambam-77> ss trail still in tact scalp flat

<Nesi> Treasurys Trim Losses On Moody's MBIA News

(Dow Jones 12/05 13:14:51)

<Bambam-77> pos time pivot protecting ss 13:25 13:16

764.7 new ss stp

<Andy> Long ER2 @ 763.5 «« paper »» 13:17

<NihabaAshi> Covered Remainder ER2 Short @ 763.90 --> + 0.6

<eminitrader> 4 tick stop ..be back 13:18

<Andy> Exited all ER2 Long @ 763.3 --> - 0.2 «« paper »»

<Bambam-77> 61.50 trgt next pos 13:19

<startrader> Covered Remainder ES Short @ 1479.75 --> + 7.25 «« paper »» 13:20

<Nesi> nice

<rickf> STO ES 1481

<szubaark> nice startrader

<Bambam-77> 64 stp 13:21

and trailing

<startrader> hehe, and lucky. 13:22

Shorts ES @ 1482 «« paper »»

one more shot at 79, tight stop.

<Bambam-77> drop already at time pivot here do or die 13:23

<startrader> Did not get filled, heard a dingaling and thouht I was.

<Bambam-77> next 5 min will either give us a bounce or we drop

<startrader> Covered all ES Short @ 1482 --> 0 «« paper »» 13:24

<Bambam-77> es train stp for me is 83.25 area

<eminitrader> Exited all ES Long @ 1479.75 --> - 1 13:25

late

<Bambam-77> bear flag worked as posted

<eminitrader> Long ES @ 1481.75 13:26

2 only

<Bambam-77> my 64 was touched but no close above still short

<rickf> stopping out my 1481 ES short @ 1484 13:27

<Nesi> Shorts ER2 @ 763.4 «« paper »» 13:28

<eminitrader> Long ES @ 1480.75 -> Add

hld 4

<Bambam-77> addg to ss 63.50 same stp

<startrader> Shorts ES @ 1481.75 «« paper »» 13:30

Shorts ES @ 1483 «« paper »» 13:32

* sep34 is now known as sep34_away 13:33

<startrader> That's where the first should of been. now got big risk.

<eminitrader> Exited 1/2 ES Long @ 1483.75 --> + 3

exit stop raised ES @ 1481.75

<Bambam-77> pos bear flag 13:34

<rickf> sure would be nice for me :) 13:35

<eminitrader> Exited ES Long @ 1483.75 --> + 2 13:36

Reverse and Enter Short ES @ 1483.75

2 lot

<Bambam-77> ss es 84 13:40

stp 87.

<eminitrader> exit stop lowered ES @ 1485.75 13:41

<Bambam-77> flag make it so drop already

<gabe> Shorts ER2 @ 764.20 «« paper »» 13:42

<rickf> out at 85.50 13:52

<gabe> Covered all ER2 Short @ 765.20 --> - 1 «« paper »» 13:53

<eminitrader> Covered all ES Short @ 1485..75 --> + 1483.75 - 1485..75

<NihabaAshi> Long ER2 @ 765.70 -> small size 13:57

Exited ER2 Long @ 765.00 --> - 0.7 14:06

<rickf> problem is now is when psychology takes over.....waiting for the other shoe to drop after such a nice rally 14:08

<NihabaAshi> Long ER2 @ 765.30 -> small size 14:10

Exited ER2 Long @ 764.70 --> - 0.6 14:15

Reverse and Enter Short ER2 @ 764.70

<gabe> Shorts ER2 @ 764.50 «« paper »»

<Bambam-77> protect ss trend still down 14:23

<gabe> Covered all ER2 Short @ 762..00 --> + 764.50 - 762..00 «« paper »»

= + 2.50 14:24

<NihabaAshi> Covered ER2 Short @ 761.80 --> + 2.9

<ItalianSharp> nice niha

<Nesi> amazing Niha 14:25

<rickf> NICE

<Nesi> Tsy Paulson, HUD's Jackson To Hold Press Conference On Mtges 14:30

(Dow Jones 12/05 14:30:00)

<eminitrader> Long ES @ 1479.25

<NihabaAshi> I got about 500 bucks in my pocket today and trading hasn't been easy. 14:31

Last three trades have been more stressful than normal.

Therefore, I'm calling it quits for the day and will just take it easy. 14:32

Take care all and see all tomorrow.

<rickf> tyl

* NihabaAshi is now known as NihabaAshi_away

<eminitrader> Exited 1/2 ES Long @ 1481.25 --> + 2 14:33

<startrader> Shorts ES @ 1481.25 «« paper »»

See if that 78.75 is ready to yield. 14:34

<pdays> Long ES @ 1481

Exited all ES Long @ 1481.75 --> + 0.75 14:35

<Nesi> its wild out there 14:42

<rickf> every pos but one has gone against me today....definately wild 14:44

<silo2> niha.. is that after the commission? 14:45

<werner> [20:32] <NihabaAshi> Take care all and see all tomorrow. 14:46

<eminitrader> Exited Remainder ES Long @ 1482.25 --> + 3 14:49

<werner> time is local here ...lol 14:50

<eminitrader> hehehe

<werner> nice em

<eminitrader> thx w

<werner> :)

<rickf> em - nice one

<eminitrader> thx r..

<szubaark> emini, u had some Nice trades today. 14:51

<eminitrader> true szu...last few months have been record breking

the volatility is just fantastic 14:52

<Nesi> how many contracts do you play.. emini?

<szubaark> your reading of the flow on ES is Exceptional, your commentary in the room would be appreciated.

<Nesi> yeah

<eminitrader> today was abt 30 i think

<Nesi> on each trade? 14:53

<eminitrader> the last few trades are 2 lots

<Nesi> oh

<Brutus> excellent e, excellent progress

<eminitrader> thx guys..

<startrader> Covered all ES Short @ 1478.75 --> + 2.5 «« paper »»

<eminitrader> last month was like 800 contracts

<szubaark> geez.. im a piker. 14:54

<eminitrader> no nesi on the total

<gabe> covered all ER @ 758.20 +3.5 14:55

<eminitrader> just went with the flow szu..the last 3 months i made mpre than what i had made for the yr tikk then

* sep34_away is now known as sep34

<gabe> one cotract short from 10:27 am looking for move down towards the close 14:56

<eminitrader> shld get it

<werner> e nice long at 75.5? es 14:59

<eminitrader> nooooooooo...trend is down..unless we see the crazy last hr movements

<jperl> calling it for the day.....trades here.... 15:00

http://charts.dacharts.com/2007-12-05/JP ERL_016.jpg

<eminitrader> i am looking to sell1481-1483 stop 1484 area

<werner> k tx e

<eminitrader> urw

<rickf> waiting for 1478 to short ES down again 15:02

<eminitrader> its @ 1480

<werner> yep

<rickf> em - confirmation of the downticks

<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)

<eminitrader> k gotyo..on the spike down u mean

<rickf> yep. let it tick down a few tro confirm, and then enter. maybe :) 15:03

because indicators are for 5#$#^ these afternoons, in my view

<eminitrader> k..just that its different from my way of entering :) 15:04

<rickf> what's your cue? just price/vol/momumenum?

<startrader> That 3:30 60 min bar from 11.13 is the tail wagging the dog today. Should be a battle for that 78.25 close.

<eminitrader> i have a sell in @ 1481.50 with a add at 1482.50

<rickf> ah k 15:05

<eminitrader> reading the flow with the help of 3 min bars - price action mainlyprice action

<startrader> Shorts ES @ 1479.75 «« paper »» 15:06

<rickf> still working on that expertise myself. normally use Keltner/Bollinger and then RSI, Full Sto, and Sto Momentum as indicators. Ususally works ok except in trendingmarkets like today lol

oh and RSI 15:08

<eminitrader> k i use the keltners too r...works perfect for the es ..i have a upper mid and down.. 15:09

dont use any other indicators except 70/89 ma 15:10

oops thats 79 and 89

Shorts ES @ 1481.50

<rickf> *nods* I find STO to be helpful at times, but Keltner is pretty darn accurate for my needs

<startrader> Shorts ES @ 1481.50 «« paper »» 15:11

<eminitrader> same here

<startrader> Is that Todd Mitcell's method rick? I've known him since 95, live in the same area... 15:12

<rickf> i have no idea.....just picked the indicators that seemed to work for me.

<eminitrader> Shorts ES @ 1482.50 -> Add

4 short avg 1482 15:13

<silo2> anyone know how many contracts NIHA usually trades with 15:14

<Nesi> 1 to 9

<rickf> shouldnt matter -- i would interpret "size" as his degree of confidence in reaching his target, rather than "you must trade 2 for a small lot" 15:16

<startrader> There are a handfull of vendors sell the same package of goods. ma's, keltners and stochs. And they all claim to have invented the method.

<eminitrader> ES just at res ...neeed to see if it breks it

<silo2> Niha made 8.9 pts off the market ....with a total of 40 transactions (entries and exits included) 15:17

<eminitrader> Shorts ES @ 1484 -> Add 15:21

now hld 8 avg 1483

stop is 1485 15:22

Covered all ES Short @ 1485 --> - 4.5 15:23

:((

thats -2 on 8

with that i think its time to close my books...good trading all

<Brutus> cu e good trades today 15:24

* silo2 is now known as silo

<rickf> later

<eminitrader> thx b see u in the morn

<startrader> I got shorts coming out of my ears on es and ym. Gunning for 79 15:25

I am trading about as far outside of the zone as you can get today. 15:26

This 15 min close should help.. 15:29

orrrr not. 15:30

<Nesi> J Sen Clinton Asks US Lenders To Halt Foreclosures For 90 Days 15:43

(Dow Jones 12/05 15:42:51)

shooting in Omaha mall

* sep34 is now known as sep34_away 15:46

<rickf> k all i'm done. HORRIBLE day on this end....hope tomorrow's better for all 15:51

tty tomorrow 15:52

<werner> gn all

<Brutus> ============ U.S. MARKETS ACTION =========== 16:00

DJIA up 205.66 points to 13454.39

NASDAQ up 47.41 points to 2667.24

S&P 500 up 22.50 points to 1485.41

10-year T-note down 13/32 at 102 16/32 yield 3.943

NYMEX Spot Crude down $0.83 at $87.49/bbl at close

Dollar/Euro down 0.0160 at 1.4596

http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={f43bc f45-8595-4623-88de-087bf4719c33} 16:01

<NihabaAshi_away> Take care call and see all tomorrow.Session Close: Wed Dec 05 16:19:14 2007 16:19

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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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