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#FuturesTrades December 14th Friday 2007 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+12.30	+174.70	+3661.80
$1,230	$17,470	$366,180

Profitable Trade

1041am - 1048am est

Losing Trade

1016am - 1018am 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: Fri Dec 14 09:27:11 2007Session Ident: #futurestrades

* Now talking in #futurestrades 09:27

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

<NihabaAshi> Good morning all

<rickf> gm niha

<werner> gm rick rips drt niha

<ItalianSharp> morning niha, all

<rickf> ready for another fun-filled day like yesterday? :| 09:28

<NihabaAshi> Today I'm going to remove the "password" so that anybody can log in and that include "unregistered" members.

However, if any member sees anyone posting negative commentary about a member's trades...

<drt> gm guys

<NihabaAshi> Please notify me immediately so that I can BAN that person. 09:29

<KiwiRoo> gm guys...

<base> GM

<NihabaAshi> Also, any spammer that shows up...he gets banned and the password will be put back in place.

* Retrieving #futurestrades modes...

<werner> ok niha

<PapaJon> gm all 09:30

<Nesi> Long ER2 @ 76.60 «« paper »» 09:31

sorry 09:32

Long ER2 @ 763..60 «« paper »»

Exited all ER2 Long @ 764.80 --> + 764.80 - 763..60 «« paper »» 09:33

Shorts ER2 @ 763.20 «« paper »» 09:34

<KnnK> Shorts ER2 @ 7637

Shorts ER2 @ 763.7 09:35

<startrader> Shorts ES @ 1487 «« paper »» 09:36

<KnnK> Covered 1/2 ER2 Short @ 762.7 --> + 1 09:37

<NihabaAshi> Back to back Hammer lines 09:38

Long ER2 @ 763.60 -> small size

<KnnK> Covered ER2 Short @ 764.1 --> - 0.4 09:39

<Nesi> Covered ER2 Short @ 763.60 --> - 0.4 «« paper »»

Reverse and Enter Long ER2 @ 763.60 «« paper »»

<NihabaAshi> I'm waiting for some support to show up from both Gold and Oil 09:40

So far...no support :(

<silo> :P

<KnnK> Long ER2 @ 763.8 -> small size 09:41

<silo> niha... you're looking at the 2min or 3min er2 chart'

<NihabaAshi> 1min chart 09:42

<szubaark> Shorts ES @ 1487.75 «« paper »» 09:43

<NihabaAshi> Gold and Oil trying hard to give some support.

Unfortunately their volatility is contracting... 09:44

<Nesi> Exited all ER2 Long @ 764 --> + 0.4 «« paper »»

<NihabaAshi> Hopefully they spike Up and not Down

<silo> wowwww nice NIHA

1 pt for you so far

2 points

<szubaark> Covered all Short ES at 1489 --> - 1.25 «« paper »»

Buys ES @ 1489 «« paper »»

<NihabaAshi> Exited 2/3 ER2 Long @ 765.10 --> + 1.5

<KnnK> Exited all ER2 Long @ 765.3 --> + 1.5 09:45

<NihabaAshi> Exited Remainder ER2 Long @ 766.20 --> + 2.6 09:46

<KnnK> that was early..:(

<Nesi> Shorts ER2 @ 766 «« paper »» 09:47

<KnnK> nice trade NihabaAshi

<szubaark> Nice Niha.

<NihabaAshi> :)

Just in time on the exits because I just "lost access" to my data for Oil and Gold :(

<szubaark> Exited all Long ES at 1489 --> 0 «« paper »» 09:48

<NihabaAshi> Without that info I could be still Long and watching my profits slowly slip away

My data is back 09:51

<Nesi> Covered all ER2 Short @ 765.80 --> + 0.2 «« paper »»

<NihabaAshi> Oil is contracted and will watch closely to see if other key markets contract or go sideways. 09:52

<Nesi> Shorts ER2 @ 764.80 «« paper »» 09:54

<KnnK> Shorts ER2 @ 764.6

filled at 764.3 09:55

<Nesi> Covered ER2 Short @ 764.20 --> + 0.6 «« paper »» 09:59

Reverse and Enter Long ER2 @ 764.20 «« paper »»

<KnnK> Covered 1/2 ER2 Short @ 763.8 --> + 0.8 10:00

Covered all ER2 Short @ 7652 --> - 6887.4 10:04

765.2

<rickf> nice pop on the er2 10:07

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

<Nesi> Exited all ER2 Long @ 767.30 --> + 3.1 «« paper »»

<rickf> nice nesi

<Nesi> thx

<NihabaAshi> DAX obviously likes what's going on since 0945am est

<startrader> Shorts ES @ 1492 «« paper »» 10:08

<szubaark> Shorts ES @ 1490.50 «« paper »» 10:09

<startrader> 50% of gap of 4pm close.

missing a bar on that chart so that was not a 50%! 10:12

<Andy> Shorts ER2 @ 766.7 «« paper »»

Covered 2/3 ER2 Short @ 766.2 --> + 0.5 «« paper »» 10:15

<robert> Shorts ES @ 1490.70 -> small size 10:16

<Andy> Covered Remainder ER2 Short @ 765.4 --> + 1.3 «« paper »»

<NihabaAshi> Shorts ER2 @ 766.20 -> medium size

Covered all ER2 Short @ 767.20 --> - 1 10:18

Shorts ER2 @ 767.00 -> medium size 10:21

<robert> Shorts ES @ 1492.50 -> Add

<bulldog> Covered ER2 Short @ 766.70 --> + 0.4 «« paper »» 10:22

<NihabaAshi> Covered all ER2 Short @ 766.70 --> + 0.3 10:23

<robert> Long ES @ covered 1/2 short -> small size

<NihabaAshi> Shorts ER2 @ 766.30 -> medium size 10:25

Lets see if ER2 will try to retrace and catch up to the other key markets

Covered all ER2 Short @ 767.00 --> - 0.7 10:28

<bulldog> looks like a repeat of yesterdays chop 10:29

<rickf> yep

<Nesi> Bush on tv soon 10:30

heads up

<rickf> lol....shorts stand by!

<base> Oh my god, I'm long! :) 10:32

<Nesi> here comes Bush

<rickf> i have 2 orders queued - 1 short and 1 long; neither entry point has been hit yet

(since 0930)

<base> I am long since 15:39:04 @ 764.40. I am thinking about closing the position prior to the speech. 10:33

<NihabaAshi> Shorts ER2 @ 766.60 -> medium size

<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) 10:34

<base> Oops, that was local time, since 10:39:04 EST.

Well, I have closed the position, +2.1

<rickf> green = good :) 10:35

<base> Yeah :)

<silo> hey guys... in ER2... a pint is 100 bucks right?

point

<Andy> yes

<silo> and in YM a point is 50? 10:36

<rickf> 5

<silo> yeah

anda point in ES is 50

<rickf> yup

<NihabaAshi> Covered ER2 Short @ 766.50 --> + 0.1

<silo> and 1 piont in NQ is 20 bucks

<NihabaAshi> time to step back because I'm trading within a 1 point range :(

<silo> NQ's volatility is pretty low then 10:37

ER2 the highest 10:38

<base> There is some resistance from the UP. Try to add Simple MA 20 on a 5 minute chart.

<Nesi> bush done

<silo> starting from the highest volatility instrument.. it probably goes like: ER2, ES, then YM, then NQ right? 10:39

<rickf> if nothing happens before I head to the gym, I'm not going to worry until 2PM heading into the close....action today is much like yesterday. good time to run errands :) 10:40

<robert> Exited Remainder ES Long @ Covered remainder 1490.50 +1. --> + Covered remainder 1490.50 +1. - covered 1/2 short + Covered remainder 1490.50 +1. - 1492.50

<base> I have found that 20 period simple moving average on daily and 5M intraday chart can be used like a pivot. The functionality is significant.

<NihabaAshi> Long ER2 @ 767.20 -> small size 10:41

<silo> NIHA... is this a volatility breakout play? 10:42

<base> Last three 5M bars are touching it with 1 tick precision.

<NihabaAshi> Exited 2/3 ER2 Long @ 769.30 --> + 2.1

<bulldog> niha....nice read on that ER

<silo> yeah that was pretty impressive 10:43

you got in right before the spike

was there news or something?'

<base> And I exited too early as always. :) I planned to exit at 768.50. :( 10:44

<silo> wow niha is killing it with this trade 10:45

<NihabaAshi> tough trade...sneaky volatility breakout...

Almost missed it 10:46

Oil and Gold no longer providing support.

Thus, ER2 is now on its own :(

In situations like that I usually dump my contracts if it does a second pop to the upside on No Support 10:47

Oil trying hard to give support now 10:48

<rickf> short es 1494.25

<NihabaAshi> Exited ER2 Long @ 770.70 --> + 3.5

<base> Trying to go long again @ 770.50

<NihabaAshi> You got support from Oil and Gold to test 771.50 10:49

* gluebunny is now known as glueaway 10:50

<silo> nice trade NIHA

<NihabaAshi> Yeah but I exited my remainder and then the support from Gold and Oil showed up about 30 seconds afterwards :(

Yet, it has me very close to my profit goal for the day. 10:51

Hopefully the next trade can get me over the hump. 10:52

<rickf> away for a bit.....back later 10:54

<bulldog> Shorts ER2 @ 772.90 «« paper »» 10:58

Covered ER2 Short @ 774.00 --> - 1.1 «« paper »» 11:00

Shorts ER2 @ 774.50 «« paper »» 11:01

<Andy> Shorts ER2 @ 774.1 «« paper »» 11:02

<bulldog> Covered ER2 Short @ 773.90 --> + 0.6 «« paper »» 11:08

<Andy> Covered 1/2 ER2 Short @ 773.3 --> + 0.8 «« paper »» 11:11

Covered 1/4 ER2 Short @ 772.7 --> + 1.4 «« paper »» 11:16

Covered Remainder ER2 Short @ 771.7 --> + 2.4 «« paper »» 11:23

<NihabaAshi> Long ER2 @ 772.30 -> small size 11:29

Exited ER2 Long @ 771.40 --> - 0.9 11:30

Reverse and Enter Short ER2 @ 771.40

Covered ER2 Short @ 772.00 --> - 0.6 11:33

volatility contracting.

Don't want to be in a trade until I get a feel for the direction its most likely to spike in. 11:34

Dark Hammer line and contracting volatility 11:36

Shorts ER2 @ 771.30 -> medium size 11:37

:( 11:39

Flat line volatility :( 11:42

That makes it high risk trading price action 11:43

<Andy> Long ER2 @ 770.5 «« paper »» 11:45

Exited all ER2 Long @ 770.3 --> - 0.2 «« paper »» 11:46

<NihabaAshi> Covered all ER2 Short @ 769.50 --> + 1.8 11:47

Caught a nice WRB pt1 exit

<silo> reached your target yet?

hey niha... how do you determine whether to get out at target1, target2, or target 3? 11:48

<NihabaAshi> Yeah...got over the hump but things weren't looking two hot after two consecutive losers.

The increase in position size on a stronger pattern signal did the trick for me.

silo...see commentary in other room. 11:49

<startrader> Long ES @ 1491 «« paper »» 11:50

1.5 pt stop, see if this is a friday lunch bunch move after those weak 15 min closes. 11:52

* codehead_afk is now known as codehead 11:54

<Andy> nice call, st

* rickf closed es short 1492.50 +2.25pts 11:56

closed it early, but heading out and taking profits

<startrader> not yet andy, friday lunches can get trendy though after they shake out some hands.

<Andy> Long ER2 @ 768.1 -> small size «« paper »» 11:59

<bulldog> Long ER2 @ 767.90 «« paper »» 12:00

<Andy> Exited all ER2 Long @ 769 --> + 0.9 «« paper »» 12:01

<startrader> Exited 1/2 ES Long @ 1492.25 --> + 1.25 «« paper »» 12:02

<Andy> twitchy ER 12:05

<szubaark> Shorts ES @ 1492 «« paper »» 12:17

exit stop set ES @ 1493 «« paper »»

Volatility spike coming up, hopefully to downside, Im Short. 12:19

<silo> hehe it's to the upside :) 12:21

<szubaark> :(

no spike yet

<bulldog> Long ER2 @ 767.30 -> Add «« paper »» 12:26

<werner> there it is szu

<startrader> Long ES @ 1490.50 -> Add «« paper »» 12:27

<szubaark> yes, thats the whole trick werner, getting in the right direction of the spikes :)) 12:28

<Andy> wow

<startrader> Exited all ES Long @ 1489.50 --> - 2.5 «« paper »»

<bulldog> Exited ER2 Long @ 765.70 --> - 3.8 «« paper »»

<werner> yep szu

<szubaark> Covered all Short ES at 1489.50 --> + 2.5 «« paper »» 12:29

<werner> nice

<Andy> nice, szu

<szubaark> thx

<Andy> Long ER2 @ 764.4 «« paper »» 12:38

<bulldog> Long ER2 @ 764.20 «« paper »»

<startrader> Long ES @ 1487.75 «« 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) 12:40

<Andy> Exited 2/3 ER2 Long @ 765.4 --> + 1 «« paper »» 12:44

<startrader> Exited 1/2 ES Long @ 1489.50 --> + 1.75 «« paper »» 12:48

<szubaark> Shorts ES @ 1490.50 «« paper »» 12:50

<startrader> Exited 1/4 ES Long @ 1491.50 --> + 3.75 «« paper »» 12:52

holding the last for hod or breakeven 12:53

<bulldog> Exited 1/2 ER2 Long @ 767.40 --> + 3.2 «« paper »» 12:54

<szubaark> Covered all Short ES at 1492.50 --> - 2 «« paper »»

<Andy> Exited Remainder ER2 Long @ 767.3 --> + 2.9 «« paper »» 12:55

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)

<szubaark> Shorts ES @ 1490.75 «« paper »» 13:18

Hopefully Volatility continues to the downside 13:19

Covered all Short ES at 1493 --> - 2.25 «« paper »» 13:26

Buys ES @ 1493.50 «« paper »»

Exited all Long ES at 1491.50 --> - 2 «« paper »» 13:31

:(

back to Chop.

<Nesi> some news on bloomberg 13:38

about bearnake

<szubaark> Buys ES @ 1490.25 «« paper »» 13:43

exit stop set ES @ 1489.75 «« paper »» 13:44

Exited all Long ES at 1489.75 --> - 0.5 «« paper »» 13:46

Shorts ES @ 1489.75 «« paper »»

<Nesi> Shorts ER2 @ 765.10 «« paper »» 13:55

Shorts ER2 @ 763.90 -> Add «« paper »» 14:01

<bulldog> Long ER2 @ 763.90 -> Add «« paper »»

<szubaark> Holding for new lows 14:03

<bulldog> Exited ER2 Long @ 762.30 --> - 3.5 «« paper »» 14:04

<szubaark> hopefully i can get a WRB at lows for my exit 14:07

<Nesi> Covered ER2 Short @ 763.60 --> + 1.5 «« paper »» 14:08

Reverse and Enter Long ER2 @ 763.60 «« paper »»

<szubaark> :( 14:10

<Nesi> Exited all ER2 Long @ 764.00 --> + 0.5 «« paper »» 14:11

:{ 14:12

Shorts ER2 @ 764.00 «« paper »» 14:14

<silo> there's a breaking news on tv right now

FELDSTEIN says "the fed's tools are limited"

<Nesi> i wonder if u can say its news event 14:15

<silo> :P 14:16

<szubaark> exit stop moved to breakeven ES @ 1489.75 «« paper »» 14:18

new lows now or im out

<Nesi> Shorts ER2 @ 763.50 -> Add «« paper »»

<rickf> same goofyness as yesterday looks like :( 14:20

<szubaark> losing my patience :(

<bulldog> Long ER2 @ 763.70 «« paper »» 14:21

<rickf> resistance @ 89.50 on the es? 14:23

<Nesi> tight range so far..imo 14:25

<rickf> yup

<szubaark> guess not going down til everyone gets shaken out

<rickf> like watching paint dry.. 14:26

<szubaark> Expecting Volatility spike, hopefully to downside, Im Short. 14:27

<Nesi> Covered all ER2 Short @ 764.50 --> - 1.5 «« paper »» 14:28

<szubaark> Covered all Short ES at 1489.75 --> 0 «« paper »»

taking a break, crap continues. 14:29

<Nesi> Shorts ER2 @ 763.20 «« paper »»

ER trying to get out of range..imo 14:30

Shorts ER2 @ 763.00 -> Add «« paper »» 14:31

feels like spike down coming 14:32

<bulldog> or double bottom 14:33

<Nesi> yup

so far still feels like down pressure going on..imho 14:34

<ItalianSharp> nesi, agree

however, any dip has been bought so far...they are just playing around with stops around the lows 14:35

<Nesi> y

<ItalianSharp> if they wanted to sell it hard, ES would have made new lows by now

<rickf> ema/sma are getting pretty tight - still trending down

<Nesi> i want to see IF es goes 1485 area

<ItalianSharp> yeah, we are due for some major move any time

either a breakdown or a nice bounce

<Nesi> something gonna give

<rickf> down would be nice, got an order queued :) 14:36

<bulldog> there is significant horizontal trend line support @ the 762.50

<Nesi> Covered ER2 Short @ 763.90 --> - 0.7 «« paper »» 14:37

Reverse and Enter Long ER2 @ 763.90 «« paper »»

:/ 14:40

:}

NQ trying to take 2090 14:41

Exited all ER2 Long @ 764.10 --> + 1.3 «« paper »» 14:42

<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) 14:43

<ItalianSharp> amazing chop...impossible to hold onto winners unless you scalp the sh..t out of them

<Nesi> :/

<ItalianSharp> 5-6 ticks is good, more is too much 14:44

gotta change my plan and be happy with a few ticks, no longer looking for 10s

<bulldog> me too

<rickf> problem is this chop is hard to plan 4-5 ticks w/any certainty. :( 14:45

<ItalianSharp> true rick...however, when you get it right, you must not get greedy because current market conditions just won't give you much 14:46

<Nesi> Shorts ER2 @ 764.00 «« paper »» 14:47

<ItalianSharp> i was long YM at 13510, it spiked above 20 and i was looking for 30...instead within seconds it was back down to 10...:((

i even got lucky to exit at 11 to be honest...it could have been worse

<Nesi> what i see its down pressure, i am taking this chance

for ER to drill 760 before close..imo

<rickf> agree! i'd rather take profits early on days like this --- could have had more, but happy to have the profit

<Nesi> 766 er and i am wrong

now or never :)

<szubaark> Shorts ES @ 1487.25 «« paper »» 14:48

amazing, 40 minutes of chop before this Volatility spike :( 14:50

<werner> pffff indd

<ItalianSharp> nesi, hope you caught this short...nice call 14:51

<Nesi> i did on paper..italian 14:52

<ItalianSharp> good

<Nesi> [14:47] <+Nesi> Shorts ER2 @ 764.00 «« paper »»

stop set at 763.80

if i am right i probably get some juice under 760

<szubaark> Covered all Short ES at 1486.25 --> + 1 «« paper »»

<Nesi> 761 its day low, fwiw 14:53

<base> It is the lowes low since 12/4. 14:55

<Nesi> :/

zzzzzzz

come on drillll

geeezzz 14:56

here we go almost 14:57

1480 for ES b...like magnet

<base> Still short?

<Nesi> Covered 1/2 ER2 Short @ 759.60 --> + 4.4 «« paper »»

<base> Very nice! :)

<bulldog> nice 14:58

<Nesi> luck helps :)

<werner> vn

<rickf> short es 1483.75

<Andy> nice job, Nesi, signing off here, everyone have a great weekend

<Nesi> u too, thx 14:59

<base> Bye Andy

<Nesi> Covered ER2 Short @ 760.60 --> + 3.4 «« paper »» 15:05

Reverse and Enter Long ER2 @ 760.60 «« paper »»

Exited all ER2 Long @ 760.00 --> - 0.6 «« paper »» 15:07

Shorts ER2 @ 760.60 «« paper »» 15:13

758 area coming ... 15:17

Covered all ER2 Short @ 757.20 --> + 3.4 «« paper »» 15:20

<werner> nice

<Brutus> good trade n 15:22

<bulldog> another nice trade nesi....

<Nesi> luck :/

<rickf> covered es @ 1482 15:24

+2 pts

<szubaark> Buys ES @ 1482.75 «« paper »» 15:25

<Nesi> Shorts ER2 @ 758.80 «« paper »»

<ItalianSharp> i guess the markets didnt really like the higher inflation news earlier today 15:29

higher inflation makes it harder for bernie & Co to cut rates

in fact, if you guys noticed the dollar has been appreciating lately...

simply because a stronger dollar is a way to fight off inflation 15:30

<codehead> ER been pretty weak, potential vegas here at trig tho szu

<Nesi> Covered ER2 Short @ 759.90 --> - 1.1 «« paper »» 15:31

Reverse and Enter Long ER2 @ 759.90 «« paper »»

<szubaark> Exited all Long ES at 1484.25 --> + 1.5 «« paper »» 15:32

<startrader> Shorts ES @ 1485 «« paper »» 15:33

<Nesi> Exited all ER2 Long @ 763.10 --> + 3.2 «« paper »» 15:36

<bulldog> Exited ER2 Long @ 763.10 --> - 0.6 «« paper »»

<szubaark> Shorts ES @ 1486 «« paper »»

<codehead> that vegas good on ER

<Nesi> Shorts ER2 @ 762.70 «« paper »» 15:37

<startrader> Shorts ES @ 1486.75 -> Add «« paper »» 15:38

<szubaark> Covered all Short ES at 1483.75 --> + 2.25 «« paper »» 15:39

<startrader> Covered 1/2 ES Short @ 1483.75 --> + 3 «« paper »»

<Nesi> Covered all ER2 Short @ 761.20 --> + 1.5 «« paper »»

<szubaark> nice startrader and nesi 15:40

<rickf> short es 1483 15:41

<startrader> crazy end of week... 15:42

Covered 1/2 ES Short @ 1482.50 --> + 2.5 «« paper »»

<Nesi> Shorts ER2 @ 761.20 «« paper »» 15:43

<startrader> Merry Christmas all and good trading, taking off for a couple of weeks. 15:45

<szubaark> same to you

<rickf> you too 15:46

<werner> same too you

<bulldog> same too all

to 15:47

<Brutus> have a good xmas ST

<Nesi> Shorts ER2 @ 761.60 -> Add «« paper »» 15:50

Covered 1/2 ER2 Short @ 760.00 --> + 1.6 «« paper »» 15:53

<werner> ski season has started here....i love it 15:54

<rickf> covered es 1480 +3pts 15:56

3 trades today, 3 winners. 'bout effing time, too.....goood way to end the week 15:58

<szubaark> nice rick. tough week overall 15:59

<rickf> szu - no kidding! this afternoon was just scalping

<szubaark> nothing to write home about.

<Nesi> Covered Remainder ER2 Short @ 757.60 --> + 3.6 «« paper »»

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<bulldog> have a good weekend all....

<rickf> only traded 2 contracts each time today -- nothihg fancy. frankly i wanted 'base hits' in this market 16:00

ok guys - have a great weekend!

<szubaark> thing is u got to know when to take small profits, when to take big profits, same with Stops.

<startrader> Long ES @ 1478.75 «« paper »» 16:01

looks like they want to fill some gaps next week. 16:02

Look at the volume on the last 15 min huge 16:03

<Nesi> have a great weekend all 16:04

<werner> good wk all 16:12

<base> All, have a nice weekend. 16:14

<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) 16:49

<NihabaAshi> Take care all and have a nice weekend 16:50

* NihabaAshi is now known as NihabaAshi_away

* DisconnectedSession Close: Fri Dec 14 16:54:37 2007 16:54

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