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#FuturesTrades December 17th Monday 2007 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+6.90	+181.60	+3668.70
$690	$18,160	$366,870

Profitable Trade

1034am - 1046am est

Losing Trade

1331pm - 1334pm 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: Mon Dec 17 06:39:34 2007Session Ident: #futurestrades

* Now talking in #futurestrades 06:39

<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) 06:58

* NihabaAshi is now known as NihabaAshi_away 07:38

<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) 09:04

<bigjim98282> Long ES @ 754.00 09:09

correction: ER2

* subq market profile charts for today 09:13

http://www.charthub.com/chart/author/DA0 D7987572D7FBE3C7226C93DD52A

* Awash_afk is now known as Awash

* NihabaAshi_away is now known as NihabaAshi 09:15

<Pepe> gm all 09:19

<Trader222> gm 09:20

<PapaJon> gm all 09:22

<Trader222> who else waiting for dow 13,250 09:23

<werner> gm all 09:25

<Andy> gm all

<Trader222> what time is this new style fed auction? 09:26

<rickf> gm all

<ripsboy> Good Morning All... 09:32

<drt> gm guys

<base> GM 09:39

<pat255> gm all 09:41

late @office sigh

<eminitrader> Long ES @ 1471

exit stop raised ES @ 1469.75 09:43

* [1]Satish is now known as Satish 09:45

<pat255> this mkt is sick...damn 09:47

<eminitrader> Exited all ES Long @ 1469.75 --> - 1.25

Long ES @ 1469.50 09:49

<pat255> goog below 700 unbelivable 09:50

<eminitrader> Exited 2/3 ES Long @ 1471 --> + 1.5

exit stop moved to breakeven ES @ 1469.50 09:51

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)

<pat255> nice entry ..em ..3rd bar green on 16t chart

<eminitrader> kinda chased it pat ...1469 wld have been the perfect entry 09:52

Exited Remainder ES Long @ 1469.50 --> 0

<pat255> y ...

<Awash> good morning all

<eminitrader> Long ES @ 1468 09:54

<NihabaAshi> So far...creeper price action downwards. 09:55

<pat255> y

<eminitrader> yep looks like it

<NihabaAshi> Starting to setup for a boring morning unless some breaking news enters the picture. 09:56

<eminitrader> Exited 2/3 ES Long @ 1469 --> + 1

<rickf> doesnt bush talk this morning? thought i heard that on the radio earlier

<eminitrader> exit stop moved to breakeven ES @ 1468

<robert> Long ES @ 1469 -> small size

<base> There can be seen some support on daily chart. 09:57

<robert> Long ES @ 1469 -> small size

<eminitrader> Exited ES Long @ 1470 --> + 2

hld 1

Long ES @ 1469 -> Add 09:58

<base> And S1 is at 749.40.

<silo> did anyone use any of this morning's market events?

<eminitrader> stop now 1467.50 09:59

<NihabaAshi> silo...you are talking in the wrong room.

<eminitrader> after new entry

<silo> oops :(

<eminitrader> exit stop raised ES @ 1467.75 10:03

<Satish> Good Morning everyone 10:04

<eminitrader> Exited 1/2 ES Long @ 1471 --> + 2

<Satish> Nice calls emini

<eminitrader> exit stop moved to breakeven ES @ 1468 10:05

<pdays> Long YM @ 13340

Exited all YM Long @ 13350 --> + 10

<eminitrader> thx S..small size though ...high risk trades

Exited ES Long @ 1469.50 --> + 1.5 10:06

Reverse and Enter Short ES @ 1469.50

Covered 1/2 ES Short @ 1467.50 --> + 2 10:08

exit stop moved to breakeven ES @ 1469.50 10:09

be back..

stopped out :( 10:14

Covered Remainder ES Short @ 1469.50 --> 0

Long ES @ 1468.75 10:15

large size

exit stop set ES @ 1467

<Andy> Long ER2 @ 750.90 10:17

<eminitrader> Exited 1/2 ES Long @ 1470.75 --> + 2

<Andy> sorry for the delay, trading real money today for first time in awhile

<eminitrader> hld 5

<Andy> Exited 2/3 ER2 Long @ 752.7 --> + 1.8 10:18

<Brutus> ex trades E and welcome back awash 10:20

<eminitrader> thx B

<rickf> brilliant call em

<eminitrader> nice long signal at brek of 1469 on 3 min @ 10:15

<Awash> Howdy Brutus, will be around this week, watching markets and chatting

<hum_g> any1 using Ninjatrader

<Awash> Hum_g

<eminitrader> mean the bar closing @ 10:15

<Awash> i use NT

<robert> Exited all ES Long @ 1471.75 +3 --> + 1471.75 +3 - 1469 10:21

<eminitrader> lets see if it picks up some momemtum

Exited 1/3 ES Long @ 1473.25 --> + 4.5 10:22

hld 3

exit stop moved to breakeven ES @ 1468.75 10:23

looking to reverse if 1472 breks 10:28

Exited Remainder ES Long @ 1471.75 --> + 3

exit stop lowered ES @ 1473.75 10:30

<Andy> Exited Remainder ER2 Long @ 752.0 --> + 1.1

<eminitrader> Exited 1/2 ES Long @ 1469.75 --> + 1

opps messed up here

Shorts ES @ 1471.75

that was the reversal 10:31

Covered 1/2 ES Short @ 1469.75 --> + 2

exit stop moved to breakeven ES @ 1471.75 10:33

<NihabaAshi> Long ER2 @ 751.70 -> small size 10:34

<pat255> nice em with this slow mkt .. 10:35

<eminitrader> thx pat

<NihabaAshi> very slow...not worth trading any size 10:36

<szubaark> yup, nice "scalps" emini

<eminitrader> thx szu

Covered Remainder ES Short @ 1471.75 --> 0

<NihabaAshi> Hopefully volatiltiy increases to merit increasing my position size. 10:37

<szubaark> some Hammers showed up

<NihabaAshi> Exited 2/3 ER2 Long @ 754.10 --> + 2.4

Geeesh...who started the fire. 10:38

<pat255> nice N ..dang was looking S ..

hmm dont S a dull mkt?

<Andy> there are buyers below the 12/4 ER swing low 10:39

<pat255> which is >

<NihabaAshi> Price action retraced about 7 ticks against me soon after my entry and out of no where a "volatility breakout" occurs to the upside.

<eminitrader> Long ES @ 1473 10:43

Long ES @ 1472.50 -> Add 10:44

<NihabaAshi> ER2 volatility declining fast...

I'm expecting a volatility spike here soon.

Hopefully upwards and not downwards.

<Trader222> for me , just waited and longed off dow 13,250 whicvh is 1/2 retracement of recent h at 13750 and nov30? low at 12,750 10:45

now wall is dow 13,300 which is 200dma 10:46

<eminitrader> Exited 2/3 ES Long @ 1474 --> + 1.5

<NihabaAshi> Exited Remainder ER2 Long @ 754.40 --> + 2.7

<rickf> hrmm today the es 3m is more accurate than the 1m

<eminitrader> exit stop moved to breakeven ES @ 1472.75

<rickf> to me anywy

<eminitrader> nice follow thru on 3 min set-ups on the ES 10:47

<rickf> indeed --- the 1m is all over the place :)

<eminitrader> price action is not dissappionting today...says gap fill coming :)

Exited Remainder ES Long @ 1472.75 --> - 0.25 10:48

thats b/e on avg

but looks like its going to shake out the ones hlding for runners :( 10:49

<szubaark> yes, no followthru to upside :( 10:50

<Trader222> well logical pause area here 13,300 10:51

<eminitrader> Long ES @ 1472.50

<Trader222> question is whether a total wall and back down hard; or small retrace and back over it

<eminitrader> will add to 1470 10:52

<Trader222> question: wasn't at screens fri afternoon - the PM dump; how easy was it to 'see' it and get short?

after it went sideways for 3 hours

<eminitrader> well pa says high probability that it will flow to the upside...ES i refer to

<Brutus> there is a inv hammer on the 3 and 5 min 10:53

* Trader222 short YM 71 high risk

cover YM+3 hatetrading chop(flat) 10:54

<eminitrader> Long ES @ 1471.50 -> Add

<Trader222> btw, no cnbc here today - what time is that new style fed auction?

<eminitrader> last add will be 1470... 10:55

<szubaark> Should be spiking any time now either up or down 10:59

<eminitrader> Exited 1/2 ES Long @ 1474.50 --> + 3 11:01

<rickf> em is on a roll today

<eminitrader> just going with the mrkt flow r 11:02

just going with the mrkt flow r

<werner> very good em

* sep34 is now known as sep34_away

<eminitrader> thx w 11:03

[10:53:26] <eminitrader> well pa says high probability that it will flow to the upside...ES i refer to

<NihabaAshi> some resistance around 754

DAX wants to go higher 11:04

<eminitrader> looks like its just picing stops ..

each high is a couple of ticks and then bam ...8-10 tick drop 11:05

<NihabaAshi> However, Oil and Gold currently not supporting higher prices

<pat255> y ... 11:06

drives me crazy..

but the tend is up a bit .. 11:07

<eminitrader> exit stop moved to breakeven ES @ 1472

<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> at least till it fills the gap

<pat255> y 11:08

<eminitrader> key supp on es 1471...if that breks ..expect change in trend ..with a high probability of test of lows

leading to prolly new lows for the day 11:09

<robert> Shorts ES @ 1473.50 -> small size

<Trader222> I'm watching dow for tells: 13,250 1/2fib held, now wall at 13,300 200d 11:10

IF we pop up, next UP pivot is 13,400

IF we firmly lose 13,250 no real feel for next lower support

<eminitrader> Exited ES Long @ 1473.50 --> + 1 11:11

Reverse and Enter Short ES @ 1473.50

<Brutus> President Bush will use a speech in Virginia today to reassure Americans about the economy. The mortgage crunch and high energy prices have sparked forecasts of a recession. Bush will insist the country's economic fundamentals are strong.

<eminitrader> going against the flow...with a pa sell entry

<Brutus> 11:25 CNBC

<eminitrader> usually a good scalp with a nice reversal to get back with the flow 11:12

Covered 1/2 ES Short @ 1471.50 --> + 2 11:13

<rickf> short es 1472

<eminitrader> watch 1471...if that breks cld be possible change in trend

<robert> Covered all ES Short @ 1472 +1.5 --> + 1473.50 - 1472 +1.5 11:14

<Andy> Long ER2 @ 752 11:15

<szubaark> Buys ES @ 1471.75 «« paper »» 11:16

exit stop set ES @ 1470.75 «« paper »» 11:17

<eminitrader> Covered ES Short @ 1472 --> + 1.5 11:18

Reverse and Enter Long ES @ 1472

<Andy> Exited 2/3 ER2 Long @ 752.6 --> + 0.6 11:19

<eminitrader> looks like support hld so far ..be back

<Andy> exit stop moved to breakeven ER2 @ 752 11:20

<szubaark> Exited all Long ES at 1470.75 --> - 1 «« paper »»

<Andy> Exited Remainder ER2 Long @ 752 --> 0

<szubaark> Shorts ES @ 1470.75 «« paper »»

<Andy> wow

swept out all the weak hands 11:21

Long ER2 @ 752.2 11:23

<eminitrader> man every time i go for a smoke i get stooped out :( 11:24

Exited all ES Long @ 1470.75 --> - 1.25

Shorts ES @ 1472

<Andy> Exited 1/2 ER2 Long @ 753 --> + 0.8 11:25

<eminitrader> large size

Shorts ES @ 1473 -> Add 11:26

hld 15

<Andy> Exited Remainder ER2 Long @ 752.5 --> + 0.3 11:27

shorts erase in 2 minutes what took the longs 14 minutes...shorts are having too much fun 11:29

<Brutus> bush on

<eminitrader> Covered 2/3 ES Short @ 1471 --> + 2 11:30

hld 5

Covered Remainder ES Short @ 1472 --> 0 11:31

<szubaark> lots of shakes 11:32

<pat255> yup .staying out ...

u got to be quick .. 11:33

<rickf> exit es short 1471.75 + .25pts (be to me) 11:34

<eminitrader> Shorts ES @ 1472

Covered 1/3 ES Short @ 1469 --> + 3 11:36

<Andy> emt, you're been calling some great shorts, wtg

<eminitrader> just need to hld thru the noise

<pat255> y big prob there

<szubaark> hopefully we will re-test lows here on ES 11:37

<eminitrader> high probaility ..

[11:09:30] <eminitrader> key supp on es 1471...if that breks ..expect change in trend ..with a high probability of test of lows

[11:09:56] <eminitrader> leading to prolly new lows for the day

<szubaark> they taking their sweet time. 11:40

<eminitrader> well it is lunch time :)

<szubaark> Covered all Short ES at 1467.75 --> + 3 «« paper »» 11:45

<eminitrader> Covered 1/3 ES Short @ 1467.50 --> + 4.5

* codehead_afk is now known as codehead 11:48

<rickf> that's great, em. i'm having major fill problems today and lost the last 5 points :( 11:49

<eminitrader> Covered 1/3 ES Short @ 1467 --> + 5 11:50

hld 1

thx r

change to trade station :) 11:51

seriously ..excellent fills

<rickf> alas TS is not mac-friendly

<eminitrader> oh ..didn't know that

<Brutus> e how do they get better fills? 11:53

<eminitrader> hehehe..dont know abt better...

cause 99% of my limits get filled 11:54

<Brutus> ok ic

<eminitrader> and a lot of them before its printed ...or is at the bid/ask 11:55

depending on buy/sell...and some times it is the last tic before a bounce

like my fill @ 1467.50...limit buy...didn;t see 1467.25 print ...but mine was filled 11:57

<pat255> k guys c u all later ..ty all 12:03

<rickf> bye

<szubaark> Shorts ES @ 1470.50 «« paper »» 12:15

<Satish> szubaark any explanation on your position? 12:17

I would go long here

<szubaark> its just a scalp

<Satish> ok

<szubaark> Covered all Short ES at 1470.50 --> 0 «« paper »» 12:20

<Satish> I dont expect good setups during lunchtime 12:24

<rickf> unbelievable.....oxps clearinghouse having comms problems 12:26

waiting nearly 50mins to get an order filled. 12:27

<eminitrader> Covered Remainder ES Short @ 1472 --> 0 12:37

Shorts ES @ 1471.25 12:43

5 lot

4 tick stop

Covered 2/3 ES Short @ 1469.25 --> + 2 12:45

hld 2

<bigjim-98282> wtg e

<eminitrader> thx b 12:46

<rickf> wow. exited es short at +1.5 12:53

<eminitrader> Covered Remainder ES Short @ 1471.25 --> 0 12:54

<szubaark> Buys ES @ 1472.25 «« paper »» 12:58

<bigjim-98282> Long ES @ 755.2

correction ER2

<KiwiRoo> heavy resistance up at 1473-4 imo. 12:59

<bigjim-98282> out +1

Shorts ES @ 755.9 13:05

correction, ER2 short @ 755.6 13:06

out ER2 +1

<szubaark> Exited all Long ES at 1468.50 --> - 3.75 «« paper »» 13:08

Shorts ES @ 1468.50 «« paper »»

:( 13:09

<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) 13:13

<eminitrader> Shorts ES @ 1469

will hld for new lows 13:14

<Satish> Nice short emini 13:15

<eminitrader> thx S

<Awash> yeah, nice short E 13:16

<bigjim98282> Late trade:

Shorts ER2 @ 753.3

<eminitrader> Covered 2/3 ES Short @ 1465 --> + 4

<Satish> emini you took a very nice entry on trendlne break good

<eminitrader> thx a

<bigjim98282> Covered all ER2 Short @ 752.2 --> + 1.1

<eminitrader> hld 2

i dont follow trend lines S... 13:18

but my trade was based on brek of the 3 min bar @ 1:15 est 13:19

price action set-up

<Satish> ok thanks emini for your explanation

<szubaark> Covered all Short ES at 1463.50 --> + 5 «« paper »»

<eminitrader> very nice SZU :))

<szubaark> thanks :) 13:20

<robert> Long ES @ 1463.50 -> small size

Exited all ES Long @ 1465.50 +2 --> + 1465.50 +2 - 1463.50 13:21

<NihabaAshi> ER2 volatility dropping fast 13:29

I'm expecting a volatility spike here soon.

don't really care which direction because I currently have no open positions 13:30

<eminitrader> noiw thats being rude :)

<szubaark> :)

<eminitrader> hehehehe

<NihabaAshi> Shorts ER2 @ 751.60 -> small size 13:31

<eminitrader> k there u go

<NihabaAshi> :)

1 contract only 13:32

<szubaark> Shorts ES @ 1465.50 «« paper »» 13:34

<NihabaAshi> Covered ER2 Short @ 752.50 --> - 0.9

* Trader222 Long YM 13,315 tiny

<NihabaAshi> volatility spike upwards

<eminitrader> tricky area here ...may see a bounce upto the 68-71 area

<NihabaAshi> Shorts ER2 @ 752.20 -> small size 13:36

<szubaark> Contracting Volatility, hopefully it spikes down, Im Short

<NihabaAshi> tough price action szu for us shorts

Gold and Oil trying hard to give the Longs some support. 13:37

<Trader222> imo only 'easy' trade today was longing first kiss of dow 13,250 ; but that didn't make much; but imo it was 'easy'

losing patience on this scalp long 13:38

<eminitrader> high probability of a retest of the low but will prolly test the 68-71 area first

<Trader222> IF we go down hard; now that 13,250 is lost; where does anyone else see lower firm support?

<eminitrader> i see 13020-13070 on the ym on the ym 13:39

next major area of support

<Trader222> that's so far away :) I meant a bit closer 13:40

13,000 dow cash is obvious; but thats not happening today lol; least that would be shocking

<NihabaAshi> I have support for ER2 around 749.80

<eminitrader> the closest i see is 13225

<Trader222> Dec 1457 was old pivot; that's about where we are right now 13:41

<eminitrader> but have no indication if its minor or major support area

<NihabaAshi> volatility currently is slowly increasing

<Trader222> which I guess explains this Mar1467 chop

oops. sorry; while typing

<NihabaAshi> Geeesh...look at the DAX

* Trader222 stophit tinysize out YM-10 at 13305

<Pepe> wow 13:42

<NihabaAshi> something spooked it...

Big drop

<Pepe> Dax and NQ down

<eminitrader> prooly niha going short spooked it :)

<Pepe> only ER2 is STOP

<szubaark> exit stop moved to breakeven ES @ 1465.50 «« paper »»

<Trader222> DAX quoteless at moment; how hard did DAX move?

<szubaark> :)

Lookig for Volatility Breakout to downside now. 13:43

<eminitrader> looks like will see some nice set-ups for pm trading

<NihabaAshi> Covered ER2 Short @ 751.70 --> + 0.5

Long ER2 @ 751.40 -> small size 13:45

<eminitrader> see a huhe tank coming 13:47

<NihabaAshi> Exited ER2 Long @ 750.60 --> - 0.8 13:48

Reverse and Enter Short ER2 @ 750.60

<Pepe> NQ aregoing down quick

<NihabaAshi> Yeah...something is up...

It's soon filter down do us "retail traders" outside of the loop :)

<KiwiRoo> big gap for support here...

<Pepe> yeah

<KiwiRoo> 1459.25 for target on ES

* Trader222 late post; /me short ES 65; (doing some option stuff-sorry_ 13:49

<NihabaAshi> Meant "it will" filter down to us because the big boys have already started beniffiting form the info prior to us.

<eminitrader> Covered ES Short @ 1463 --> + 6 13:50

<szubaark> Covered all Short ES at 1463 --> + 2.5 «« paper »»

<eminitrader> hld 1

<Pepe> nice

<eminitrader> thx p

<NihabaAshi> We are a few ticks below that support zone.

<Brutus> good short trades guys, szu getting your revenge for Friday :) 13:51

* Trader222 covers 63 +1.75; wanna watch Qs at 50.0 plus some option stuff

<Trader222> have fun with da futures

<eminitrader> what happened fri szu ?..

<bulldog> weekly er2 s1 @ 748.70

<KiwiRoo> 1459 here we come.! 13:52

<NihabaAshi> Covered ER2 Short @ 749.70 --> + 0.9

<Trader222> question: does this feel like "umm, sorta light volume" overall today?

<NihabaAshi> I don't know about volume but the volatility has been very light. 13:53

I see lots of volatility contraction within the ranges of many other volatility contractions... 13:54

<eminitrader> this kind of mrkts make trading stressfull...

<NihabaAshi> That tells me its a low volatility trading environment.

Tells me to keep my position size small.

<eminitrader> meaning we know the trend...but followthru is slow...

and to addd to that is the noise.. 13:55

* Trader222 risk L 1462.50 stop3 (1462.50 is 15pts under F's close).

<eminitrader> usually more than normal on days like these ..making it tough for hlding runners and most often shaking us out of a good position

* Trader222 out 1/2 ES64+1.5/ stop raised to BE 13:57

<NihabaAshi> Long ER2 @ 749.60 -> small size 13:58

<KiwiRoo> let see if 1459 can be reach in this push.. 13:59

* Trader222 stopped out last 1/2 ES L at BE stop+0

<eminitrader> that will get me my tenner :)

<NihabaAshi> Exited ER2 Long @ 748.70 --> - 0.9

Reverse and Enter Short ER2 @ 748.70

<KiwiRoo> awesoem.. i don't see anything until there... 14:00

awesome*

<eminitrader> but still nothing compared to last wednesday :)

<NihabaAshi> Key markets doing a volatility breakout together but it doesn't look right.

<KiwiRoo> last wed was too much.....

<eminitrader> yep had 24 pts on 1 trade 14:01

<KiwiRoo> wow nice.

<eminitrader> and then 17 on another

<KiwiRoo> ho ho ho hollycow...

<eminitrader> will never forget that day ---will stand out --in my trading calendar

<KiwiRoo> should get yourself a mini trophey just as a reminder..hehe.. 14:02

<szubaark> Wend. looks like a nice, strong Downtrend day. 14:03

<eminitrader> hehhehe..

<NihabaAshi> Covered ER2 Short @ 749.60 --> - 0.9

<szubaark> emini u talking 12/12?

<eminitrader> B mentioned that the record on this board was 32 pts in a trade

yes Szu

<silo> wow lots of people here today i just noticed

<rickf> could use a nice downtrend to wrap the day up, sure :) 14:04

<KiwiRoo> i still remember fed day back few month ago... 70 points move. on ES.

<NihabaAshi> Long ER2 @ 750.30 -> small size

<szubaark> Niha was milking it on FOMC day 12/11

<NihabaAshi> 2 only

<eminitrader> yep remember that too...was too dumbfounded to trade that move :) 14:05

<KnnK-ER2> Long ER2 @ 750.6

<NihabaAshi> Gold and Oil trying hard to give me some support on my Long position.

<KiwiRoo> is that what keeping up the market and bounces at 61.00 (ES).. hmm hmmm 14:07

<NihabaAshi> Exited ER2 Long @ 749.70 --> - 0.6 14:08

:( 14:09

too choppy for me

<KiwiRoo> very choppy... it needs to go lower.. imo.

<NihabaAshi> Long ER2 @ 749.60 -> small size 14:10

<Brutus> http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={f9ba5 840-a34e-4d8e-969c-cb1b667a9d21} 14:13

thats why the markets down

<KnnK-ER2> Exited ER2 Long @ 749.6 --> - 1

Reverse and Enter Short ER2 @ 749.6

<KiwiRoo> tank already... damnit... 14:15

<rickf> short es 1469.75

1461.75 sorry 14:16

* bigjim98292 is now known as bigjim9828

<bigjim9828> there she goes 14:19

<KnnK-ER2> Covered all ER2 Short @ 750.4 --> - 0.8 14:21

<eminitrader> Covered Remainder ES Short @ 1464 --> + 5

<bigjim9828> wtg e 14:23

<eminitrader> :))

<NihabaAshi> Geeesh 14:24

ER2 is determine to move slowly while other key markets are picking up volatility while retracing back up.

<bigjim9828> Shorts ER2 @ 750.5 14:25

Covered all ER2 Short @ 750 --> + 0.5 14:26

<KiwiRoo> man.. this is wild... 14:28

<Trader222> how interesting: Dec 1460-65 a bit ago was a chop range many times over days; now here we hare with the March in the same #s

<codehead> Qm closing with a strong move up last 25 mins 14:29

(crude)

* Trader222 L YM 305 14:30

<werner> pfff what a slooooow market

<bigjim9828> Long ES @ 750.7

Exited all ER2 Long @ 751.3 --> + 0.6 14:31

dont know what is up with my script.

<rickf> exit es 1465.75 -4pts

<szubaark> Shorts ES @ 1466.25 «« paper »» 14:32

* Trader222 out 1/2 YM L +11 14:33

<Trader222> BE rest

thought we'd see es 67

<eminitrader> missed szu ..had 1466.75 :(

same here T

<szubaark> yes might go to 1467 14:34

<Satish> nice call szu

<rickf> nice

<eminitrader> will not sell this time

@ 66.75

Shorts ES @ 1465.25 14:36

10 lot

<bigjim9828> Shorts ER2 @ 751.1

<szubaark> what yur Stop emini? 14:37

<bigjim9828> Covered all ER2 Short @ 750.5 --> + 0.6

<NihabaAshi> Exited all ER2 Long @ 750.90 --> + 1.3

<eminitrader> 66.25 szu..brek of the 3 min @ 2:36 est

<szubaark> Covered all Short ES at 1464.75 --> + 1.5 «« paper »»

<Satish> nice szu 14:38

<szubaark> thanx..

<bigjim9828> Long ES @ 751 14:39

Exited all ER2 Long @ 752 --> + 1

<Satish> that was quickie 14:40

<eminitrader> :(

Covered all ES Short @ 1466.25 --> - 1

Shorts ES @ 1465.25 14:42

10 lot ..

* Trader222 out last of YM Long BE stop hit+0 305 14:43

<bigjim98282> Shorts ER2 @ 751.6 14:44

Covered all ER2 Short @ 750.7 --> + 0.9

<eminitrader> Covered 1/2 ES Short @ 1463.25 --> + 2

<KiwiRoo> for some reason... I'm still looking for 59 to be hit. 14:45

<eminitrader> :)) 14:46

lol

Covered 1/3 ES Short @ 1464.25 --> + 1 14:47

hld 2

<rainer> Long YM @ 13216 14:48

<bigjim98282> Shorts ER2 @ 751 14:49

Covered all ER2 Short @ 750.5 --> + 0.5

<szubaark> Shorts ES @ 1462.75 «« paper »» 14:50

<Satish> emini keep holding ur leftover short 14:51

nice call szu

<eminitrader> yep 2 14:52

<bigjim98282> Shorts ER2 @ 749.5 14:53

<Satish> nice...

<rainer> Exited all YM Long @ 13198 --> - 18

<eminitrader> Covered ES Short @ 1461.25 --> + 4

hld 1

<szubaark> exit stop moved to breakeven ES @ 1462.75 «« paper »»

<rickf> nice em

<KiwiRoo> for crap sake... get to 59 already so i can go and take a poop... :P

<eminitrader> thx r

<bigjim98282> Covered all ER2 Short @ 748.7 --> + 0.8 14:54

<szubaark> either new lows or gets my Stop.

<Satish> should cover around1460

<bigjim98282> Shorts ER2 @ 748.6 14:55

<KiwiRoo> my target is at 1459.25 as I'm sure.. 1459 will be hit.

<bigjim98282> Covered all ER2 Short @ 747.6 --> + 1 14:56

<KiwiRoo> 1460 big bid on Big SP market..... holding it up..

<eminitrader> looks like uthe mrkt does not want u to take a poop yet K :)) 14:57

<szubaark> :)

<KiwiRoo> it will get there eventually.. rofl.

<eminitrader> it certainly is testing ur patience

lol

<KiwiRoo> no shitz.

bid at 60.00 is gone... 14:58

<NihabaAshi> Shorts ER2 @ 747.60 -> small size

<eminitrader> be back ..smoke time

<szubaark> Covered all Short ES at 1460.50 --> + 2.25 «« paper »»

<Satish> cool

<NihabaAshi> Covered ER2 Short @ 748.20 --> - 0.6

Reverse and Enter Long ER2 @ 748.20

<eminitrader> hope i dont get stopped out this time :)

<KiwiRoo> where is ya stop at? 14:59

<NihabaAshi> I suspected a possible sling shot price action back upwards if it pushed down back below 747.60

<KiwiRoo> interesting thought... 15:00

<rickf> 3pm.....

<KiwiRoo> news ? 15:01

<rickf> nope --- just what i call these days the witching hour

<KiwiRoo> market profile hour.

<bigjim98282> Long ES @ 748.5 15:02

<NihabaAshi> Exited ER2 Long @ 748.40 --> + 0.2 15:03

:(

<bigjim98282> Exited all ER2 Long @ 748.5 --> 0

<KiwiRoo> oh thank god... 1459. 15:04

<szubaark> now u can go.

<KiwiRoo> 1456 next.

<eminitrader> heheheh

<KiwiRoo> yeah...

<bigjim98282> take the laptop, kiwi :)

<eminitrader> my stops @ b/e k 15:05

<KiwiRoo> lol.... true...haha..

<NihabaAshi> Shorts ER2 @ 747.00 -> small size

Hold on :)

<szubaark> Niha getting support from oil and Gold now? 15:06

<silo> nope. no support

OIL maybe

* Trader222 cover YM+15

<silo> if it gets down there

* Trader222 L ES 57.50

<NihabaAshi> too bad its only a 1 contract trade for me 15:07

Yeah...Oil adn Gold trying to give us Shorts some support...

Not looking good for that help. 15:08

They are trying hard to stabilize.

Right now would be a good time for ER2 to do its own thing and drop further.

<rickf> shorted es 1459 --> 1457.75 +1.25pts (mid size)

<NihabaAshi> Covered ER2 Short @ 746.70 --> + 0.3 15:10

<silo> wow a crazy market

hehe

<NihabaAshi> Long ER2 @ 747.10 -> small size

It's spiking like crazy on very little volatility as if a retail traders are controlling the action. 15:11

<rickf> were i going by indicators i'd be long --- but not at 3:11PM in this market

even if the indicators are right, too much vol for my likes today 15:12

<NihabaAshi> Almost as if the big boys have gone home already for the day.

<rickf> yup

<NihabaAshi> Then again...didn't Chicago (CME and CBOT) get hit by a BIG SNOW storm ???

<rickf> yep

<NihabaAshi> Hmmmm.

<rickf> think so --- midwest got pounded hard i heard 15:13

<szubaark> no big storm nut it is Cold :)

<NihabaAshi> Maybe some of those guys didn't make it into the office today :)

:)

<szubaark> Chicago 21F

<bigjim98282> Shorts ER2 @ 747.9

<NihabaAshi> Exited ER2 Long @ 747.30 --> + 0.2 15:14

<KiwiRoo> where is the market going now.. hmm..

<NihabaAshi> Geessh...

<rickf> in circles

<NihabaAshi> I'm done for the day.

That should have been an easy 1.5 point trade and all I got was 2 ticks.

<rickf> if i see a large spike down i'll do a momo play but otherwise watching 15:15

<KiwiRoo> badluck Niha...tooo jumppy today.

<bigjim98282> Covered all ER2 Short @ 747.3 --> + 0.6

<NihabaAshi> I'm going to go outside and finish my snow cleanup of the big storm that hit us up here in Quebec.

WRB Analysis

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<rickf> enjoy the exercise niha! :)

wouldbe great to see snow here in dc 15:16

<NihabaAshi> We've already doubled the amount of snow in comparison to this time last year of 2 1/2 feet.

<KiwiRoo> love snow..

<NihabaAshi> So far...5 feet of snow.

<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> had 8 inches this wkend here

<NihabaAshi> December ain't even over yet :(

<bigjim98282> 5 feet, not fun to drive in.

<rickf> eeep :(

<KiwiRoo> gogo 56.00

<NihabaAshi> My back yard looks weird...snow is over the fence... 15:17

<bigjim98282> could lose a kid in that snow...

<NihabaAshi> Looks spooky because all the yards look merged via a big white blanket.

<werner> wow

<NihabaAshi> See all tomorrow...sucky price action and too much snow... 15:18

Should have stayed in bed.

<rickf> later

* NihabaAshi is now known as NihabaAshi_away

<KiwiRoo> All markets was selling, 1456 is imminent. How that for a bias view. 15:19

<bigjim98282> Shorts ER2 @ 747

Covered all ER2 Short @ 746 --> + 1

Shorts ER2 @ 746.1 15:21

<KiwiRoo> come on push..... push push... u can do it. 15:22

<Satish> rick are you from dc?

<rickf> yup

<Satish> me too

<rickf> wherebouts?

<Satish> Herndon VA

<eminitrader> Covered Remainder ES Short @ 1457.25 --> + 8

<bigjim98282> Covered all ER2 Short @ 746.4 --> - 0.3

<eminitrader> was hlg for a tenner :( 15:23

<rickf> bravo em!

<bigjim98282> wtg e

<rickf> great timing too

<eminitrader> thx guys..

<rickf> arlington

<eminitrader> tough to hld for tenners today 15:24

<KiwiRoo> Nice emini.

<eminitrader> thx K

<rickf> k my charts were right after all 15:25

<bigjim98282> Shorts ER2 @ 747.5 15:26

Covered all ER2 Short @ 747 --> + 0.5 15:27

<szubaark> nice emini 15:31

<eminitrader> thx szu

<KiwiRoo> i got empty space on my chart between 1459 and 63... hmm.. 15:34

and the market took it right up. 15:36

<silo> WOW

crazy reversal spike

<KiwiRoo> yeah.. no resistance between that two numbers. 15:37

1466.50 next.. 15:38

56 got hit... i can now sleep tonight.. :P 15:53

<rickf> shorted es from 1461.50 --> 1457 +4.5pts

done for the day 15:54

<KiwiRoo> nice work.

<rickf> thx -- kept working my stops every point down :)

<KiwiRoo> new low will cause a big sell off i reckon.. 15:58

<rickf> k guys - have a good night, trade ya tomorrow

<KiwiRoo> jeezz>>. look at the size on the dom.

c ya rick.

* Trader222 cover YM 52+18; no fill at 50 was 2late 15:59

L es 56.5

<bigjim98282> Covered all ER2 Short @ 743.5 --> + 4 16:02

<eminitrader> very nice :)

<bigjim98282> thx. may tomorrow be better.

<eminitrader> sure :))

<Trader222> had trouble shorting the last hour; kept watching for one of those 3es 1min upticks we had all last week 16:03

so ER least weak; NQ dragged everything lower

<Brutus> ============ U.S. MARKETS ACTION =========== 16:04

DJIA down 168.18 points to 13171.83

NASDAQ down 55.93 points to 2579.81

S&P 500 down 21.21 points to 1446.83

10-year T-note up 15/32 at 100 17/32 yield 4.182

NYMEX Spot Crude up $0.07 at $90.70/bbl

Dollar/Euro down 0.0035 at 1.4388

http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={b205c d50-7806-47e9-8b6d-4c298a2063ae}

<Trader222> to me that is saying that today was Fund Longs selling their winners before they leave later this week for rest of year

NQ for year the strongest-today; by far the weakest

<Trader222> offering at 57.5 for 1/2 16:31

<werner> gn all

<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) 17:22

* Trader222 out 1/2 ES L , offer hit while away 57.5+1 ; now out rest 57+0.5; not holding this dog overnight 17:31

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