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#FuturesTrades December 12th Wednesday 2007 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+43.50	+145.60	+3632.70
$4,350	$14,560	$363,270

Profitable Trade

0938am - 0953am est

Losing Trade

1011am - 1013am 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 12 09:28:38 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

<pat255> gm all.. 09:29

<rickf> gm

<NihabaAshi> Eye popping GAP to the upside via the overnight price action :) 09:30

<rickf> not to mention the eye popping news @ 9AM :) 09:31

<NihabaAshi> Yep

<ItalianSharp> yep, that's what caused most of the gap

<NihabaAshi> Shorts ER2 @ 788.70 -> large size 09:32

<eminitrader> Shorts ES @ 1511.25 09:33

<NihabaAshi> Covered ER2 Short @ 789.20 --> - 0.5 09:34

Long ER2 @ 789.40 -> large size

<daxbr> gm everyone 09:35

<Pepe> gm all

<eminitrader> Shorts ES @ 1514.25 -> Add 09:36

<ripsboy> gm all...

<NihabaAshi> Exited ER2 Long @ 789.70 --> + 0.3 09:37

<KnnK> Shorts ER2 @ 788.9 09:38

<NihabaAshi> Shorts ER2 @ 788.30 -> large size

<KnnK> Covered 1/2 ER2 Short @ 777.3 --> + 11.6 09:39

sorry that will be 787.3

<eminitrader> Covered 1/2 ES Short @ 1508.25 --> + 6 09:40

<pat255> vvn em ..

<eminitrader> thx pat

<KnnK> Covered 1/4 ER2 Short @ 786.2 --> + 2.7 09:41

<pat255> nice entry N.. 09:43

<NihabaAshi> Covered ER2 Short @ 784.50 --> + 3.8

Holding 1 contract remainder

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)

* rickf placed order - long es @ 1505.50 09:44

<KnnK> Covered Remainder ER2 Short @ 784.2 --> + 4.7

<futurible> vn KnnK

<KnnK> thanks futurible 09:45

<NihabaAshi> pat...first trade was a trade error and I was lucky to be able to minimize the loss on that trade. 09:47

<eminitrader> Covered 1/4 ES Short @ 1513.25 --> - 2

<startrader> Long ES @ 1503.75 «« paper »»

<eminitrader> 00ps

Covered 1/4 ES Short @ 1503.25 --> + 8

hld 5

<Pepe> nice Niha and emini

<eminitrader> thx p 09:48

<NihabaAshi> Someone once asked in here what causes TRENDS???

Same answer for many decades...

The FED

<startrader> Exited 1/2 ES Long @ 1505.25 --> + 25.5 «« paper »» 09:49

<KnnK> Long ER2 @ 782.6 09:51

<startrader> Exited Remainder ES Long @ 1505.75 --> + 2 «« paper »»

<NihabaAshi> A lot of traders were looking for one of those "surprise" (not scheduled) rate cuts but many forgot the FED can do the same thing to the price action by announcing it would "Inject Cash into the Money Markets".

<KnnK> Exited 1/2 ER2 Long @ 783.8 --> + 1.2 09:52

Exited 1/4 ER2 Long @ 783.8 --> + 1.2 09:53

<NihabaAshi> Covered Remainder ER2 Short @ 783.80 --> + 4.5

<pat255> vn guys ..

<NihabaAshi> My exit should have been around 782 but I forgot to manage the trade via the 1min chart to better see the contracting volatility :( 09:54

<KnnK> sell limit to exit ER2 long @ 782.6 09:55

<pat255> was thinking S @784 but noo went right up.. 09:56

<startrader> Shorts ES @ 1506.25 «« paper »» 09:57

<KnnK> Exited Remainder ER2 Long @ 7836 --> + 7053.4

<Pepe> :)

<KnnK> Exited Remainder ER2 Long @ 783.6 --> + 1

:)

its kind of difficult to type and exit the trade at the same time 09:58

<NihabaAshi> Exit trade first...then type :) 09:59

I usually have a 5 second delay between my trades and the posting of those trades.

However, I currently have a pinch nerve in my neck for the past few days...my posting delay is around 10 secs :) 10:00

<KnnK> Shorts ER2 @ 783.0 10:01

thanks, i will do that

<NihabaAshi> Anybody watching the Eurex BUND ???

<Pepe> no, why?

<ItalianSharp> yes

it's falling like crazy

<startrader> Covered all ES Short @ 1504 --> + 2.25 «« paper »» 10:02

<ItalianSharp> same with US 10yr

<KnnK> Covered 1/2 ER2 Short @ 782.3 --> + 0.7

<NihabaAshi> Not too long ago I saw many complaints at different forums about how "flat" it was...

Things have changed quickly :)

Trade it when its hot and stay on the sidelines when its cold. 10:03

<KnnK> Covered 1/4 ER2 Short @ 781.7 --> + 1.3 10:04

<szubaark> Buys ES @ 1502.50 «« paper »»

<KnnK> buy limit to cover ER2 short @ 783.0 10:05

<szubaark> exit stop moved to breakeven ES @ 1502.50 «« paper »» 10:07

Exited all Long ES at 1502.50 --> 0 «« paper »» 10:08

<Andy> Long ER2 @ 781.7 «« paper »»

Exited all ER2 Long @ 781.2 --> - 0.5 «« paper »» 10:09

<KnnK> Covered Remainder ER2 Short @ 80.6 --> + 702.4

<szubaark> Shorts ES @ 1501.50 «« paper »»

<KnnK> Covered Remainder ER2 Short @ 780.6 --> + 2.4 10:10

<szubaark> exit stop set ES @ 1502.50 «« paper »»

nice KnnK

<NihabaAshi> Shorts ER2 @ 780.80 -> small size 10:11

<startrader> no way to post trades in real time today, on only one monitor today.

<Trader222> lets see if SPX 1500 gets defended

<KnnK> thanks szubaark

<szubaark> exit stop set ES @ 1503.50 «« paper »»

<NihabaAshi> Lower highs and a volatility breakout... 10:12

<rickf> covered short es @1503 -5

<NihabaAshi> I should be able to get a profit on this trade while being able to minimize my loss (keep it small) if I'm wrong.

<Trader222> bulls MUST defend spx1500 here or this could get lots of sells very fast

<szubaark> Covered all Short ES at 1503.50 --> - 2 «« paper »» 10:13

<KnnK> Long ER2 @ 782.1 -> small size

<NihabaAshi> Covered ER2 Short @ 781.60 --> - 0.8

<silo2> man KnnK you're doing well today

<NihabaAshi> Long ER2 @ 781.50 -> medium size

<szubaark> Shorts ES @ 1504 «« paper »» 10:18

<KnnK> Exited all ER2 Long @ 7832.9 --> + 7050.8 10:19

<szubaark> Covered all Short ES at 1506 --> - 2 «« paper »» 10:20

<NihabaAshi> Exited ER2 Long @ 783.20 --> + 1.7

<KnnK> Exited all ER2 Long @ 782.9 --> + 0.8

<NihabaAshi> Holding 1 contract remainder

<szubaark> Shorts ES @ 1505 «« paper »» 10:22

<NihabaAshi> volatility still declining 10:25

A little more decline and it'll setup a nice "Volatility Spike".

Hopefully that takes price upwards and not downwards. 10:26

<startrader> short er783.30

<pdays> Shorts ER2 @ 783. 10:33

<NihabaAshi> Exited Remainder ER2 Long @ 782.50 --> + 1

fofm 10:34

<pdays> Covered all ER2 Short @ 782.5 --> + 0.5

<startrader> exit er short 782.30

<szubaark> exit stop moved to breakeven ES @ 1505 «« paper »» 10:35

hopefully we can make a lower low here on a WRB 10:39

<base> I am holding short since 15:39:03 787.60, stop loss actually at 783.60. 10:42

<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)

<base> I wanted to exit at 777.70, no luck yet. 10:43

<rickf> i'm flat for now - need to go to the gym and vent off frustration from this morning. back later.

<eminitrader> later r 10:44

<KnnK> buy limit to enter long ER2 @ 782.8

<eminitrader> long day yet

<KnnK> Long ER2 @ 782.8

<eminitrader> exit stop lowered ES @ 1508.25

<base> Well, out at 783.50. 10:46

<eminitrader> looking more and more like a inside day

<startrader> long er 783.10

<KnnK> Exited all ER2 Long @ 781.8 --> - 1 10:47

<startrader> exit er2 long 782.1

<szubaark> Covered all Short ES at 1497.25 --> + 7.75 «« paper »» 10:49

<Andy> wow

<eminitrader> Covered ES Short @ 1497.25 --> + 14

hld 2

<base> :(

<pat255> wtg em ...

<szubaark> emini :))

<eminitrader> thx guys

<startrader> not everyday can be a 50 handle day. vn em.

<base> Congrats, you all were more patient than me. :)

<Brutus> excellent emt 10:50

<werner> nice indd

<eminitrader> thx again guys

exit stop lowered ES @ 1506.75

<startrader> That last 15 min close was a raging sell, I just walked back in the room and did not look at time or 15 min charts.

<Trader222> missed that 3min dump 10:51

bear trap?

nopers

umm 10:52

maybe nuts but trying long

* Trader222 Long ES 1496s

<Trader222> 1495 = 1/2 1475 overnight low/1515 9am high 10:53

* Trader222 sell some ES 98 +1.5ish 10:55

<eminitrader> either gap fill or chop..low probability of new highs

<pat255> y

<eminitrader> nextsupport SP 1484... 10:56

mrkt or rather es tank from SP res of 1506 10:57

<Trader222> first cmoes comes 13,500 suport, then spx 1484; now with wall at spx 1490

<eminitrader> NQ was very bullish but the es pulled it down

1490 ...see nothing there T 10:58

my chart says 1484 and then 1462

if that breks 1438 10:59

<Trader222> SPX 1490 is a very big deal known pivot

<eminitrader> why..

its just the tv guys hyping ...no technical reason

<Trader222> was a big fib number; then over the months; it got keyed in as buy/sell programs, if u pull up a big daily you'll see it

<startrader> Long ES @ 1496 «« paper »» 11:00

<eminitrader> fib numbers are one time..if its voilated then thats it ...it vanishes

well anyways ..to each his own :))

* Trader222 sells more ES 98. +1.5 11:01

out more 97.50 +1 ; 98.50 +2 11:02

holds 1 L from 96.5; stop 94; food 11:03

<NihabaAshi> Long ER2 @ 780.10 -> small size

1 contract only for the remainder of the trading day

I'm in profit protection mode because I've already reached my profit goals for the trading day. 11:04

Exited ER2 Long @ 780.60 --> + 0.5 11:05

trade error...saw something that really wasn't there

<pat255> n your trades are taken from 2 min chart?

<startrader> Exited all ES Long @ 1499.25 --> + 3.25 «« paper »» 11:06

<NihabaAshi> This particular trade was via the 1min chart.

<pat255> kty

<NihabaAshi> Others today via the 1min, 2min or 3min chart

<pat255> k..

<startrader> Exited 1/2 ES Long @ 1500.50 --> + 4.5 «« paper »» 11:08

<twmoody> YM trade @ 9:02 Daily pivot out 5 10 20 11:09

<startrader> long er2 781 11:14

* Trader222 out last ES Long 1500 +3.5 trailstop hit 11:21

<Trader222> on Daily, 1500 = 1/2 1475/1525 11:26

<bulldog> Long ER2 @ 779.90 «« paper »» 11:32

Exited all ER2 Long @ 781.40 --> + 1.5 «« paper »» 11:40

<startrader> breakout of double 15 min ivbb's, bars and bodies.

<szubaark> Shorts ES @ 1500 «« paper »» 11:47

exit stop moved to breakeven ES @ 1500 «« paper »» 11:51

<startrader> Long ES @ 1498 «« paper »» 11:52

<szubaark> could just chop here around 1500 11:54

<startrader> I think the lunch bunch will show up and move it a few handles hopefully to the upside. 12:00

<pat255> later guys ty 12:04

<szubaark> Covered all Short ES at 1495.25 --> + 4.75 «« paper »» 12:09

* Trader222 Long ES 1495

<NihabaAshi> back to back Dark Hammer lines 12:10

<Trader222> had parked order from before, 1495 is a 50% fib

hate knife catching though

<szubaark> nice WRB Today.

<NihabaAshi> Long ER2 @ 777.30 -> small size

<Trader222> offering some at 96 12:11

<NihabaAshi> Usually good for a few ticks as price tries to find support

<Andy> Long ER2 @ 777.4 «« paper »»

<eminitrader> exit stop lowered ES @ 1503.25

* Trader222 out some 96+1

<Trader222> eminitrader u still short from this am?

<eminitrader> yes T hld 2 12:12

<NihabaAshi> Exited ER2 Long @ 777.80 --> + 0.5

* Trader222 out more ES 96+1 this still looks like crap

<Trader222> eminitrader verygood

<eminitrader> thx T

<Trader222> i wasn't here;' this last down move from 1502 over last 30min 12:13

was there volume to the move or not really

<Andy> Exited 1/2 ER2 Long @ 779.5 --> + 2.1 «« paper »»

wrong 12:14

Exited 1/2 ER2 Long @ 777.9 --> + 0.5 «« paper »»

Exited Remainder ER2 Long @ 777.4 --> 0 «« paper »» 12:15

<eminitrader> well downward pressure...guess thats why its tanking..

i dont follow volume T

* Trader222 out ES LOng 95.5 +0.5; 12:17

<Trader222> flat

<Andy> Long ER2 @ 777.4 «« paper »»

<NihabaAshi> Shorts ER2 @ 778.80 -> small size 12:19

correction 12:20

Shorts ER2 @ 777.80 -> small size

support for my Short showed up from other key markets... 12:21

ER2 not responding :(

* Trader222 Long again tniy 1495.75

<Andy> Exited 1/2 ER2 Long @ 778.2 --> + 0.8 «« paper »» 12:22

<szubaark> Buys ES @ 1496.50 «« paper »»

* Trader222 sells some ES 96.75+1 12:23

<Trader222> come on, lets have some bullish followthru 12:24

* Trader222 out more 96.5 +0.75

<Trader222> looks weak again

<NihabaAshi> ERE2 fighting hard not to drop again 12:25

* Trader222 out more 96.75+1 losing patience 12:27

<Andy> Exited 1/4 ER2 Long @ 778.1 --> + 0.7 «« paper »» 12:28

Exited Remainder ER2 Long @ 777.6 --> + 0.2 «« paper »» 12:30

<NihabaAshi> something just "spooked" the market

News ???

<szubaark> Exited all Long ES at 1492 --> - 4.5 «« paper »»

Shorts ES @ 1492 «« paper »» 12:31

<NihabaAshi> Will know if its news related in about 5 mins especially if it keeps dropping.

* Trader222 stophit 1495.75 +0

Long 1492.50

<bulldog> Long ER2 @ 775.60 «« paper »»

<eminitrader> Covered ES Short @ 1492.25 --> + 19

<NihabaAshi> If it retraces...most likely technical related drop

<eminitrader> hld 1

<Brutus> :)) ex emt 12:32

<eminitrader> thx B

<rickf> nice emt

<eminitrader> thx r

<NihabaAshi> Covered ER2 Short @ 776.10 --> + 1.7

If I don't know what's going on to cause that drop...

Best to exit the trade and take the profit.

<Guest35179> Long ER2 @ 776.1 12:35

<eminitrader> guys that exit was 1512.75 not 1512.25...sorry abt that 12:36

<Brutus> I take it back :{

<eminitrader> had changed the limit from 1492.25 to 1492.75 ...cause my avg entry was 1512.75 12:37

<Guest35179> Exited all ER2 Long @ 775.5 --> - 0.6 12:38

<rickf> indices still falling

<Guest35179> Shorts ER2 @ 775.2

<eminitrader> when i head order filled i assumed it was @ 1512.25..on checking my log i realiazed fill @ 1512.75

<Guest35179> Covered all ER2 Short @ 774.1 --> + 1.1 12:40

<bulldog> Long ER2 @ 774.00 -> Add «« paper »» 12:41

* codehead_afk is now known as codehead 12:44

<Andy> Long ER2 @ 773.2 «« paper »»

<bulldog> Long ER2 @ 773.10 -> Add «« paper »» 12:45

* Trader222 adds ES Long 1489.50 moresize ave 1490.5

<Guest35179> Shorts ER2 @ 772.9 12:46

* Trader222 out Longs -1 -1 -3 12:47

<Andy> Exited all ER2 Long @ 772.5 --> - 0.7 «« paper »»

<Guest35179> Covered all ER2 Short @ 771.5 --> + 1.4

<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) 12:48

<Guest35179> Long ER2 @ 771.2 12:49

Exited all ER2 Long @ 771.5 --> + 0.3 12:50

* Trader222 long size 87.5 12:52

<Trader222> never filled at 85.0

spx 1484 200dma just hit 5min ago 12:53

IF we go up, wall of course at spx 1490 12:54

(sorry) while typing that, an offer hit

* Trader222 out some ES Long 1488.50 +1

<eminitrader> yep...expect a bounce off these levels..personally i'm hoping for it to brek 12:55

* Trader222 out more 89+1.5

out more 88.5+1 12:56

<Guest35179> some struggle this area with buying support trying to fight the sellers

<eminitrader> wow ..dow down to 50 from the 300 levels...crazy mrkt 12:57

* Trader222 out more 89.50 +2 (had offers up to 90 stacked/live)

all uot 88.5 +1 /flat 12:58

<Trader222> that was fun 10min lol

<Guest35179> wonder if 770.5 will be swing point of day-we'll see 12:59

<eminitrader> Covered Remainder ES Short @ 1487.25 --> + 24 13:05

best trade ...in terms of pionts in all my trading ...without hlding overnight 13:06

<Brutus> congrats EMT

<rickf> excellent!

<eminitrader> thx B

<Trader222> welldone 13:07

<szubaark> Congratulations, think thats the record in #FuturesTrades.

<Andy> wtg, et

<eminitrader> thx T szu A

<Brutus> no szu 32

<bulldog> Long ER2 @ 771.70 -> Add «« paper »» 13:08

* Trader222 Long 13,500 ym

<Andy> may get a little bump at 72 if the stops are hit 13:09

72.9 13:10

* Trader222 out 1/2 YM 13,515 +15 BE rest

out 1/4 YM 520+20 13:11

<Trader222> walking away with trailstop in place 13:12

<szubaark> Covered all Short ES at 1492.25 --> - 0.25 «« paper »»

Buys ES @ 1492.25 «« paper »» 13:13

<bulldog> Exited 1/3 ER2 Long @ 774.90 --> + 3.2 «« paper »»

<Guest35179> Long ER2 @ 775.1 13:18

<Trader222> walked back in 13:23

yea, only have 1/4 long left, keep it at BE with trailstop if we pop over spx 1490 13:24

<Guest35179> Exited ER2 Long @ 774.6 --> - 0.5 13:29

Reverse and Enter Short ER2 @ 774.6

Covered all ER2 Short @ 773.7 --> + 0.9 13:30

Shorts ER2 @ 773.9 13:33

Covered all ER2 Short @ 774.8 --> - 0.9 13:37

<bulldog> Exited Remainder ER2 Long @ 776.30 --> + 0.7 «« paper »»

<eminitrader> Shorts ES @ 1495 13:42

* Trader222 out last of YM longs +50

<bulldog> ES 1494.75 is weekly pivot 13:44

<eminitrader> Covered 1/2 ES Short @ 1493 --> + 2 13:45

<szubaark> exit stop set ES @ 1492.25 «« paper »» 13:51

<NihabaAshi> Long ER2 @ 775.60 -> small size 13:54

<szubaark> Exited all Long ES at 1492.25 --> 0 «« paper »» 13:56

<startrader> Shorts ES @ 1423.25 «« paper »» 14:01

1493.25

<szubaark> Shorts ES @ 1493 «« paper »»

<eminitrader> Covered Remainder ES Short @ 1495 --> 0 14:05

<startrader> Covered all ES Short @ 1494.50 --> - 71.25 «« paper »» 14:06

<szubaark> Covered all Short ES at 1495.75 --> - 2.75 «« paper »»

<startrader> Shorts ES @ 1496.00 «« paper »» 14:10

<eminitrader> Shorts ES @ 1495.75

<szubaark> Shorts ES @ 1494.50 «« paper »» 14:12

<eminitrader> time to test the lows ..:) 14:13

looking more and more like this upswing is done with.. 14:15

any thoughts ? 14:16

<szubaark> somehow they manage to pop it 2 points higher, this would be 4th time since low 14:17

<rickf> may see a bit higher -- but the "witching" hour fast approaches :|

<startrader> traded to the first retrace level of days range at 96.50.That 95.25 close is the pivot, first break out of there I am riding or getting ou.

<Brutus> agree e , maybe 1 more 14:18

<eminitrader> true szu...thats why entries r so important ..lets us stay thru the noise with small risks

<startrader> er2 likes to stall at this 777 level and break hard too. stars are aligninging.

<NihabaAshi> Exited ER2 Long @ 778.00 --> + 2.4 14:19

WRB Analysis

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<eminitrader> es trying hard to brek thru this area..

<startrader> short hard now. 14:20

<Brutus> nope

<eminitrader> if it does do that ...next area of res is 1503 ..if that is taken out ...then trend has changed to the long side

<szubaark> 1496.50 was the retrace level

<eminitrader> k..ignore my earlier post 14:21

<startrader> yep, I love to see it pull a point away from that 15 min close and slam back through it.

<NihabaAshi> Looks like I exited my Long just in time.

<eminitrader> Covered 1/2 ES Short @ 1501.75 --> - 6

oops 14:22

Covered 1/2 ES Short @ 1491.75 --> + 4

much better :)

<rickf> lol - thought that looked weird 14:23

<startrader> Covered 1/2 ES Short @ 1492 --> + 4 «« paper »»

<bulldog> Niha...that was a nice trade. I had a sell limit @ 778.40 but didnt get hit

<startrader> target 89.75 on the last 14:24

Shorts ES @ 1491.50 -> Add «« paper »» 14:28

<eminitrader> exit stop moved to breakeven ES @ 1595.75 14:29

exit stop moved to breakeven ES @ 1495.75

<startrader> Covered 1/2 ES Short @ 1489.75 --> + 1.75 «« paper »» 14:30

<eminitrader> missed a fill @ 1488.75 14:31

k got it now:) 14:32

Covered 1/3 ES Short @ 1488.75 --> + 7

<rickf> nice one

<eminitrader> hld 1

thx r

<rickf> not chasing this one 14:33

<startrader> 11.30 open and these 60 min closes are tight with strong 60 min reversal bar. Being we only retraced to fisrt level and dt't I am holding.

Covered 1/2 ES Short @ 1491 --> + 5 «« paper »» 14:35

<ItalianSharp> emini, i guess you are done for the day, week and maybe month after today? 14:42

enjoy your christmas...see you next year...LOL 14:43

<szubaark> Covered all Short ES at 1490.25 --> + 4.25 «« paper »»

<eminitrader> nice shorts guys :)) 14:44

<Brutus> yes agree

<rickf> sweet shorting

<startrader> Shorts ES @ 1489.50 «« paper »» 14:45

<szubaark> Shorts ES @ 1489 «« paper »»

<Brutus> es little wyckoff spring here

<bulldog> Long ER2 @ 773.80 «« paper »»

<eminitrader> u short too B 14:46

<silo2> wow emini... you're killing it today eh? 14:47

<Brutus> only got a little, had a larger scale in to 98

<startrader> Shorts ES @ 1489 -> Add «« paper »» 14:48

<eminitrader> thx s

<bulldog> Long ER2 @ 773.30 -> Add «« paper »» 14:49

<eminitrader> exit stop lowered ES @ 1495.25

<szubaark> Covered all Short ES at 1491 --> - 2 «« paper »» 14:50

Buys ES @ 1491 «« paper »»

<startrader> Covered all ES Short @ 1491 --> - 3.5 «« paper »»

tried to get filled at 88 with the strong bottom there. 14:51

<szubaark> feels like its holding here

<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)

<startrader> Shorts ES @ 1490.25 «« paper »» 14:53

short avg of 90.75 really bad entries 14:58

<szubaark> Exited all Long ES at 1488 --> - 3 «« paper »» 14:59

Shorts ES @ 1488 «« paper »»

what a beautiful fakeout they did..always there is a surprise 15:01

<Brutus> looking like good entries now ST

<startrader> about 20 seconds after I posted they did.

when trading off the 60 min chart gotta give myself 60 min wiggle room. 15:02

<bulldog> Long ER2 @ 769.10 -> Add «« paper »» 15:03

<szubaark> Covered all Short ES at 1480 --> + 8 «« paper »» 15:04

<startrader> 11.30.07 opening 60 min (9:30) am bar is pivotal. high was 92.25, same as small swing high before selloff

<eminitrader> Covered Remainder ES Short @ 1478.25 --> + 17.5

got my gap fill :))

<startrader> Covered all ES Short @ 1479 --> + 11.25 «« paper »»

<eminitrader> wow...one of my best trading days ..in terms of pionts 15:05

<szubaark> yes,pretty amazing

<Brutus> excellent trading e

<eminitrader> thx szu B 15:06

<bulldog> Long ER2 @ 768.30 -> Add «« paper »» 15:08

<startrader> You are elargetrader!

<eminitrader> u had some hgood ones too :) 15:09

<bulldog> It's easy on paper!

<eminitrader> nice trading

<szubaark> bulldog, you ever traded Real Money before?

<startrader> Registered for marketzar tomorrow. After that to the carribean for xmass.

<eminitrader> :) 15:10

<bulldog> I traded some but got trapped on the wrong side so I need to correct mistakes

like the one I'm making now 15:11

<szubaark> yeah scaling in to losing position is tough 15:12

<eminitrader> hehehe

* Trader222 L ES 1475 insane risk

<Trader222> but have to do it (down gap fill to nite low) 15:13

<eminitrader> sorry couldn't resist...we all have been thru that

<Trader222> had scalped ES from 1477.50 pivot for +1s +2 but too fast to post it

<rickf> shorted 2 ES @ 1478 15:14

<eminitrader> the piont though is why scalp on counter trend trades for ticks ...on trend days where staying with the trend cld help u make tons of pionts

<startrader> Shorts ES @ 1473.50 «« paper »» 15:15

<szubaark> anybody know on average how many trend days we get a month? (one way down or up trend)

<bulldog> I guees I still need to recognize the trend day and not mistake for a pivot 15:16

<startrader> jumped on that 15 min close for continuation. 15:17

Covered 1/2 ES Short @ 1469.50 --> + 4 «« paper »»

Covered Remainder ES Short @ 1471 --> + 2.5 «« paper »» 15:18

* Trader222 add L 1470, no fill at 67.6

<Trader222> ave L 1471.8

* Trader222 out most 1474.50 +2.5; rest BE 15:19

<cmr> szu: about trend days, see this thread regarding Taylor theory, 3 days cycle: 15:21

http://www.traderslaboratory.com/forums/ f110/taylor-trading-technique-oct-2007-a -2623.html

* Trader222 all out ES L 75 +3.2 15:22

<startrader> Long ES @ 1474 «« paper »» 15:25

<Trader222> no post but scalped 1475 to 1474; back to flat 15:27

bulls need green close

but seems SO far away

<startrader> Exited all ES Long @ 1476 --> + 2 «« paper »»

* Trader222 Long 13,400 15:28

<rickf> covered ES short @ 1477 +1pt 15:29

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

* Trader222 out YM Long +0 flat 15:30

bck Long YM 13,395ave 15pt stop 15:35

<Trader222> on thoughts they close dow over 13,400

* Trader222 out YM -17 15:36

<startrader> Covered 1/2 ES Short @ 1472 --> + 6 «« paper »» 15:37

<bulldog> Long ER2 @ 763.80 -> Add «« paper »»

<startrader> got more gaps to go

<werner> gn all 15:38

<rickf> gn 15:39

<bulldog> Exited all ER2 Long @ 770.40 --> + 3.2 «« paper »» 15:52

Lucky to get out of that without a loss 15:53

<startrader> Shorts ES @ 1485 «« paper »»

<rickf> ok guys done for the day. gnite tty tomorrow 16:01

<Trader222> cant wait to see what the insane overnights do 16:02

ES itself and SPX imo says higher tomorrow BUT bkx index is in the tiolet 16:03

i always forget, is front month at tomorrow's open, or at thur 440pm? 16:07

<Brutus> ============ U.S. MARKETS ACTION =========== 16:13

DJIA up 33.16 points to 13469.18

NASDAQ up 13.10 points to 2665.45

S&P 500 up 7.73 points to 1485.91

10-year T-note down 90/32 at 101 18/32 yield 4.054

NYMEX Spot Crude up $4.21 at $94.23/bbl at close

Dollar/Euro up 0.0051 at 1.4706

http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={15955 c3e-1e22-402e-abc9-40edd9e1a3a5}

* sep34 is now known as sep34_away 16:32

<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) 16:57

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