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#FuturesTrades December 19th Wednesday 2007 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+11.60	+206.60	+3693.70
$1,160	$20,660	$369,370

Profitable Trade

0946am - 1001am est

Losing Trade

1045am - 1115am 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 19 09:28:18 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

<base> GM all 09:29

<ripsboy> gm traders...

<PapaJon> gm all 09:32

<drt> gm guys

<pat255> any bias this AM N em ? 09:33

when u have a moment ..

<NihabaAshi> no bias 09:34

<eminitrader> Long ES @ 1465.50

<KiwiRoo> gm guys.... wild market yet again.. option exp. 09:35

<szubaark> Shorts ES @ 1465.50 «« paper »»

<eminitrader> have a long bias pat...based on yest pa ..

Exited all ES Long @ 1464.50 --> - 1

<robert> Shorts ES @ 1465.50 -> small size 09:36

<eminitrader> Shorts ES @ 1464

<NihabaAshi> Shorts ER2 @ 756.00 -> small size

trade error...will try to manage it 09:37

<szubaark> exit stop moved to breakeven ES @ 1465.50 «« paper »» 09:38

<NihabaAshi> Covered all ER2 Short @ 755.70 --> + 0.3

lucky exit after the error 09:39

<pat255> S 64.5 09:40

tight stop

stopped.. 09:41

<NihabaAshi> Shorts ER2 @ 755.70 -> small size

<eminitrader> Shorts ES @ 1465 -> Add

<szubaark> Covered all Short ES at 1465.50 --> 0 «« paper »» 09:42

<robert> Covered all ES Short @ 1465.50 --> 0 09:43

Long ES @ 1465.50 -> small size 09:44

<eminitrader> Covered ES Short @ 1466 --> - 2 09:45

Reverse and Enter Long ES @ 1466

<NihabaAshi> Covered ER2 Short @ 757.20 --> - 1.5 09:46

Reverse and Enter Long ER2 @ 757.20

<eminitrader> hey niha ...looks like brutus is having pbs loging on on - says he gets this message ...

[09:45:33] <Brutus> says address is banned on my main page

maybe u can help 09:47

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

no thats just 2

<NihabaAshi> emini...have him give you his IP address and you can then give it to me via pm to look at.

<eminitrader> if it breks 73 expecting 85-90 09:48

<NihabaAshi> tough price action so far

<eminitrader> k will do

<base> NihabaAshi: *!*@*.internode.on.net this ban is causing the problem. 09:49

The ban mask looks quite wide to me.

<robert> Exited all ES Long @ 1469.75 --> + 4.25

<eminitrader> Exited 1/3 ES Long @ 1470 --> + 4 09:50

thats a 3 ..dont know why the script is being so generous today :))

nice trading r

<rickf> bravo robert

<NihabaAshi> Exited 2/3 ER2 Long @ 759.50 --> + 2.3

<eminitrader> exit stop moved to breakeven ES @ 1466 09:52

<szubaark> Buys ES @ 1471 «« paper »» 09:53

<eminitrader> Exited ES Long @ 1471 --> + 5

hld 1 09:54

<rickf> *claps* for em

<eminitrader> hehehehe..took a couple of hits before getting it right

pa actually gave an excellent sell at close of ( 36 est 3 min bar 09:55

10 : 36

<KiwiRoo> nice ride...

<eminitrader> thx guys 09:56

* Retrieving #futurestrades modes... 09:57

<eminitrader> SP needs to brek res @ 1462 ...for the ES to move ahead 09:58

<rickf> darn missed my entry :( planned short at 72.50

<KiwiRoo> 1462 ? 09:59

u mean. 72 ?

<eminitrader> yep 1462

<NihabaAshi> Exited Remainder ER2 Long @ 758.30 --> + 1.1 10:01

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)

<eminitrader> Long ES @ 1469 -> Add 10:02

<ItalianSharp> for TS users, stops are currently not available 10:04

<robert> Long ES @ 1469.50 -> small size

<ItalianSharp> no trading for me until they sort out this issue

<eminitrader> true IS just got it

can always go markt 10:05

<rickf> man i got burned goign mrkt this past 2 weeks --- horrible fills

<base> NihabaAshi: Someone should remove the ban from the bot first.

<NihabaAshi> Long ER2 @ 759.80 -> small size 10:06

<robert> Exited all ES Long @ 1472.75 --> + 3.25

<NihabaAshi> volatility breakout...

<eminitrader> Exited 1/3 ES Long @ 1473 --> + 4

<szubaark> nice emini 10:07

<eminitrader> holding 8

<NihabaAshi> If it moves strongly higher...I will be very surprised.

<eminitrader> thx szu

<base> It is still trying to break yesterday's high.

<NihabaAshi> Exited ER2 Long @ 760.30 --> + 0.5 10:09

<Trader222> just got in; but seems 1475/13,300dow is UP gapfill area

<base> I have taken a long and now I am in hope that it break it finally. I am protecting a small profit already. 10:10

<Trader222> I'd short this but I'm not fully setup yet, 1473 10:11

<rickf> trader222 - me too

<Trader222> unless we have trend dayup right over 1475

<eminitrader> will be easier to make money on the long side today i think...just my opinion 10:12

-X- Ban for *!*@*.internode.on.net removed in channel #FuturesTrades

<Satish> yep

<rickf> problem for me is i see it as "right" on the cusp of things. trending higher but gets overextended at times

<szubaark> hopefully i can get another volatility spike to upside soon 10:13

<Trader222> what broker reporte this am?

<rickf> ms

premarket

<Trader222> thanks

not terrible MS?

<rickf> was bad imho but didnt shatter the market

<eminitrader> see K ..mrkt struggline @ the 1462 res

<Trader222> MS didn't say horrible things re their credit mess?

* Trader222 (paper) cover 1/2 1472 +1 10:14

<rickf> guess it was baked into the price already -- didnt see it tank hard last i checked around 0900et

<eminitrader> buthopefu it is gonna brek tru it

<Trader222> this still longs like trend day higher; or at least it wants 1475

thanks, MS is up/green

<eminitrader> Exited 1/3 ES Long @ 1472 --> + 6 10:15

<Trader222> time to get coffee and screens all up 10:16

<eminitrader> hld 5 10:17

<Brutus> ok got back in :)

<NihabaAshi> :)

<eminitrader> 1462 needs to be taken out...will prolly see a minor pullback here

<NihabaAshi> Will try a different BAN...hopefully it doesn't "catch you" in the net. 10:18

<eminitrader> Exited 1/3 ES Long @ 1471 --> + 5

hld 2

<Brutus> ok, I'm adl-internode, hes syd-internode 10:19

<NihabaAshi> different BAN seems to be working and not changing on its own :)

<base> Brutus: Welcome back! :) 10:20

<Brutus> thx B, everyone jumping on the IHS on 60 min over last 3 days 10:22

<NihabaAshi> Long ER2 @ 759.70 -> small size

I'm 10 secs early on that one...shouldn't be too costly if I'm wrong on the price direction. 10:23

<eminitrader> be back 10:24

<Satish> Niha you entered at a nice pullback....you can come out with small stop if wrong 10:25

<domvert> ss YM 13356

<NihabaAshi> I'm looking more at a position reversal if wrong due to the "pending" volatility spike that should happen within the next 5 mins. 10:26

<eminitrader> Exited Remainder ES Long @ 1471 --> + 5 10:27

<Brutus> er hs 3min

<Satish> I think ucan come out now niha

<Brutus> 1030/1530 Dec 14 US Energy Dept Oil Inventories 10:29

Crude Oil Stocks (in barrels) -700K

Gasoline Stocks (in barrels) +1.6M

Distillate Stocks (in barrels) -800K

1300/1800 Richmond Fed Pres Lacker speaks on the US economic outlook

in Charlotte

<pat255> vvn em ...

coud not reverse L...sigh

<eminitrader> thx p

<NihabaAshi> Gold trying hard to give Oil some support...still choppy or indecisive. 10:30

<base> Still ranging between yesterday's high and close. 10:31

<domvert> ss er2 760.5 10:35

<NihabaAshi> support still there but so is the chop :( 10:36

Exited 2/3 ER2 Long @ 760.60 --> + 0.9 10:37

Other key markets still providing support but ER2 has a mind of its own :( 10:39

Exited Remainder ER2 Long @ 760.20 --> + 0.5 10:40

Just found out Bush is on TV :(

<domvert> ss YM 13368

<eminitrader> k guys uptrend on ES now confirmed

<NihabaAshi> All in here know I don't like to be in a trade when he's grabbing the spotlight.

<eminitrader> have stops below 1469.50

Long ES @ 1472.50 10:43

<domvert> cover ER2 +1

<pat255> trying to be for today ..damn 10:44

<NihabaAshi> Nice pop...I bet Bush is off TV right now.

<Nesi> he is off

<pat255> u never know what he will say ..

<NihabaAshi> Yep...thought so :)

<rickf> k guys off to gym. back later 10:45

<NihabaAshi> Long ER2 @ 761.10 -> small size

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

<domvert> ss YM13377 add

<NihabaAshi> resuming my prior Long position now that the threat (Bush) is gone.

<szubaark> looking to exit on a WRB

<NihabaAshi> just lost my support 10:47

<szubaark> :(

<NihabaAshi> Will try to dump it into the next upside pop 10:48

<szubaark> Exited all Long ES at 1474.25 --> + 3.25 «« paper »»

Starting to look more and more like a creeper uptrend :(( 10:49

<eminitrader> nevertheless an uptrendd .:)

<Brutus> sarting to look weak

<silo> niha. which support is gone 10:51

<NihabaAshi> volatility declining fast....

<Brutus> aapl has been a drag on nq

<NihabaAshi> expecting a spike here soon

hopefully my direction

<Brutus> which may also slingshot nq if it reverses 10:52

<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) 10:55

<NihabaAshi> ER2 still has a mind of its own. 10:56

<Andy> Long ER2 @ 759.6 11:03

<szubaark> Buys ES @ 1471.75 «« paper »»

Hopefully we spike to upside, Im Long. 11:04

<NihabaAshi> just chop from all key markets except Gold going lower

<pat255> y 11:05

<eminitrader> Long ES @ 1471.50 -> Add

<Andy> Exited all ER2 Long @ 757.1 --> - 2.5 11:09

Exited all ER2 Long @ 759.1 --> - 0.5 11:10

<domvert> cover YM +23 on 4

<NihabaAshi> Gold been declining for the past 5mins and now Oil looks like it wants to join in

<szubaark> Exited all Long ES at 1469.75 --> - 2 «« paper »» 11:14

Shorts ES @ 1469.75 «« paper »»

<eminitrader> Long ES @ 1469.50 -> Add 11:15

<NihabaAshi> Exited ER2 Long @ 759.20 --> - 1.9

Reverse and Enter Short ER2 @ 759.20

<silo> tough day

<NihabaAshi> same as usual for a December 11:16

reason why profit targets for me are lower for this month.

no follow through on the volatility spike 11:17

<robert> Long ES @ 1468.50 -> small size 11:18

<Andy> Long ER2 @ 755.8 11:19

<szubaark> Covered all Short ES at 1467 --> + 2.75 «« paper »» 11:20

<NihabaAshi> Other key markets following lower...ER2 still sluggish in catching up with them :(

<szubaark> got WRB to exit on.

<robert> Long ES @ 1467.25 -> Add

<eminitrader> Long ES @ 1467.50 -> Add

<NihabaAshi> volatility breakout 11:22

<szubaark> Downtrend now confirmed?

<Andy> Exited all ER2 Long @ 758.0 --> + 2.2

that's wrong, a loss 11:23

<eminitrader> Exited all ES Long @ 1465 --> - 10

<szubaark> Niha whats making you still Hold your Short? Since we've had a few Volatility spikes your way. 11:24

<Trader222> this still longs like trend day higher; or at least it wants 1475 : yea for being right about 1475/13300 being resistance, from UP gap fill to monday

<robert> Long ES @ 1465.00 -> Add 11:26

<Trader222> just want to confirm as was paying attention to tape and not news - there was no news correct; ? this was just 1475pivot selling? 11:27

<Brutus> GBP broke 2 for the first time in months

http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={3e456 850-7fde-486d-9b09-661dd8b209d5}

<pdays> Long YM @ 13307 11:28

<szubaark> Shorts ES @ 1464 «« paper »»

Covered all Short ES at 1462.50 --> + 1.5 «« paper »» 11:29

<Brutus> I still see the possibility we rally for the rest of the day once a low is put in 11:30

<NihabaAshi> Covered ER2 Short @ 756.50 --> + 2.7

Caught a WRB pt2

<pat255> vn ..

<szubaark> Nice Niha.

<NihabaAshi> Not a lot to bite on today...keeping my position size small. 11:31

<pdays> Exited all YM Long @ 13287 --> - 20

<zoomy> Covered all ER2 Short @ 756.60 --> - 1.7 «« paper »» 11:35

<ItalianSharp> anybody knows what the downmove was due to?

<Brutus> 1460 looks good 3 min hammer

<Trader222> as menioned yesterday; Dec1460-65 was a range for many days; seems Mar likes the same 1460-65 11:36

* Trader222 long 63 11:37

<domvert> long YM 13284 11:41

* Trader222 out +0.25 my 5min rule 11:43

<Andy> Shorts ER2 @ 760.4 11:50

<rickf> back from gym......shorted es 1473.25 --> 1466.25 +7 (paper)

<Trader222> 1460=1/2 1445 t's low/1475 todays high 11:51

<rickf> wasnt 100% comfy using real money given the creeping uptrend

<szubaark> [10:50] <Brutus> sarting to look weak 11:53

<rickf> i had left before then :)

<szubaark> then we dropped 15 ES Points minute later.

<Andy> Shorts ER2 @ 757.5 11:54

<rickf> szu - i had the right setup, so i dont feel too bad even if it was paper money

<NihabaAshi> Shorts ER2 @ 756.60 -> small size 11:55

<Andy> Covered 1/2 ER2 Short @ 756.7 --> + 0.8

<szubaark> this drop had followthru so even chasing paid off.

<rickf> yep 11:56

<Andy> Covered Remainder ER2 Short @ 756.5 --> + 1

rats 11:57

<NihabaAshi> Covered all ER2 Short @ 754.80 --> + 1.8 11:58

I've now reached my profit goal for the day.

<Brutus> Long ES @ 1458

<pat255> vn ...need patience to hold .. 11:59

<NihabaAshi> Thus, I'm officially now in "profit protection mode".

<domvert> long 13250 YM

<Brutus> thx szu, 2 pt stop

<domvert> 13265 average

<NihabaAshi> Will trade 1 contract only for the remainder of the trady day especially since I have a lot of personal stuff to do.

<Brutus> Exited ES Long @ 1460 --> + 2 12:02

<Trader222> missed the long at 57.5 12:03

<Brutus> still think its a good chance its a LOD 1458, will be scalping long 12:04

<Trader222> to chase or not 2 chase

<Brutus> mean 1457.5

<rickf> possible es trend change to the upside soon? 12:09

<pat255> em reads it well..

<rickf> that he does

<eminitrader> trend down yet guys 12:10

if it breks 1469 to the upside then i wld go long ..not until then unless u want low probability scalps 12:11

<pat255> em on these pb in the downtrend u dont scalp for S? 12:12

<Brutus> I'm looking at that IHS on the 3day, still looks intact, +the detail stuff I look at on the lows 12:13

<eminitrader> not today ..cause i dont have enough play money :) 12:14

<pat255> ah ha k..ty

<eminitrader> barely b/e today

<pat255> y beetr keep the profits intact

<eminitrader> but looking for a sell 165 area 12:15

<pat255> i c...k

* codehead_afk is now known as codehead 12:17

<silo> indicator showing a possible strong move here 12:28

on er2 chart

2min

<pat255> later guys back to work ...ty all 12:30

<codehead> ER has an obvious lid at 758.00 12:36

<Andy> the ER 5 minute chart is beginning to look like piano keys 12:37

<codehead> lol

<werner> welcome back all 12:49

<rickf> that was interesting

<Boybrutus> . 12:52

<eminitrader> ..... 12:53

<werner> yoehoe

<codehead> some stops should go if 758.00 gets breached 12:54

755.20 is bottoom side of rectangle 12:56

<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) 12:58

<silo> what a trench warefare here at the 755 758 area 12:59

we have a high volume down bar here though on er2 2min

wonder if this move will break this chop

<robert1> Exited 1/3 ES Long @ 1462.50 -4 --> + 0 + 1462.50 -4 - 1465.00 13:00

<Boybrutus> 12/19/2007 13:00 =DJ TECHNICALLY SPEAKING: Oil Stocks May Face A Slippery Slope

12/19/2007 13:00 *DJ Fed's Lacker: Econ Growth Likely To Improve Into 2008

12/19/2007 13:00 *DJ Lacker: Fed Must Keep Down Overall Inflation, Not Just Core 13:01

<robert1> Exited 1/3 ES Long @ 1460.00 -6 --> + 1460.00 -6 - 1468.50 13:05

<szubaark> ........... 13:12

<eminitrader> k guys..see u all later 13:13

<szubaark> Shorts ES @ 1461.50 «« paper »» 13:15

Expecting Volatility spike soon, hopefully to downside,Im Short 13:16

exit stop moved to breakeven ES @ 1461.50 «« paper »» 13:18

:( 13:19

Lets see if we get new Lows 13:23

<Boybrutus> eminis in a triangle, er more rectangle, was expecting this hourly to close green 13:24

<rickf> the joy of sideways :( 13:25

<szubaark> yeah nobody wants to commit,everyone waiting for the break either way, could be explosive 13:26

<Guest35179> Shorts ER2 @ 755.2 13:28

<Nesi> Shorts ER2 @ 754.40 «« paper »» 13:34

<Guest35179> Covered all ER2 Short @ 754.4 --> + 0.8

<Andy> Long ER2 @ 754.3 13:36

<robert1> Exited Remainder ES Long @ 1459.50 -8 --> + 1459.50 -8 - 1468.50 13:37

<Trader222> so any guesses: Dow 13,100 or back to 13,250 13:38

<Nesi> Covered all ER2 Short @ 755.60 --> - 5.8 «« paper »»

<Andy> Exited 1/2 ER2 Long @ 755.8 --> + 1.5

<robert1> Long ES @ 1459.75 -> medium size

<Trader222> cant trade this; smoke break and wait for bo>65 or under 57 13:40

<Andy> Exited Remainder ER2 Long @ 755.1 --> + 0.8 13:42

<Guest35179> Shorts ER2 @ 754.1 13:45

Covered all ER2 Short @ 753 --> + 1.1 13:47

<NihabaAshi> Missed my Short opportunity at 753.60

Data charts just went blank :(

<Guest35179> Long ER2 @ 752.8 13:48

<szubaark> Covered all Short ES at 1457 --> + 4.5 «« paper »» 13:49

<Guest35179> Exited all ER2 Long @ 753.9 --> + 1.1

<Boybrutus> nice one szu 13:50

<szubaark> thx

<Trader222> flat and thinking long but longs not working since noon really 13:53

<Boybrutus> bonds having a big rally today

<NihabaAshi> charts are back :) 13:57

<Guest35179> Shorts ER2 @ 753.8 14:00

Covered all ER2 Short @ 754.5 --> - 0.7 14:01

<szubaark> Buys ES @ 1460 «« paper »»

exit stop moved to breakeven ES @ 1460 «« paper »» 14:03

<Guest35179> Shorts ER2 @ 756.1

<szubaark> Hopefully this forming WRB closes as one so i can exit as such

<robert1> Exited 1/3 ES Long @ 1462.00 --> + 2.25 14:04

<Guest35179> Covered all ER2 Short @ 755.9 --> + 0.2

<szubaark> Exited all Long ES at 1462.50 --> + 2.5 «« paper »»

<werner> nice szu 14:08

include robert 14:10

<robert1> Exited 1/3 ES Long @ 1466.00 +6.25 --> + 1466.00 +6.25 - 1459.75 14:13

<szubaark> thanks

<domvert> out YM +50 on 2 14:14

<szubaark> Nice.

<werner> indd 14:15

<domvert> ss ER2 759

just 1

<robert1> Exited Remainder ES Long @ 1466.50 +6 --> + 1466.50 +6 - 1459.75

<rickf> nice 14:16

<robert1> thnx

<domvert> ss YM 13325

cover ER2+1.4 14:18

add YM ss 13322 14:22

<szubaark> Buys ES @ 1467 «« paper »»

exit stop moved to breakeven ES @ 1467 «« paper »» 14:23

<domvert> add YM ss 13333

<rickf> anyone else not trusting this rally? 14:24

<domvert> average YM short 13326

<szubaark> Feels strong,like has more legs to go, but who knows 14:25

Exited all Long ES at 1467 --> 0 «« paper »»

Buys ES @ 1468.25 «« paper »» 14:27

<domvert> add YM ss 13340 14:28

aver 13329 on 4 14:29

<szubaark> exit stop moved to breakeven ES @ 1468.25 «« paper »» 14:30

Exited all Long ES at 1468.25 --> 0 «« paper »» 14:31

Shorts ES @ 1468.25 «« paper »»

<domvert> average YM ss 13330 14:32

ON 4

<szubaark> Covered all Short ES at 1467 --> + 1.25 «« paper »» 14:35

<rickf> k all out for the day - meetings. tty tomorrow 14:37

<szubaark> Buys ES @ 1468 «« paper »» 14:43

exit stop moved to breakeven ES @ 1468 «« paper »» 14:44

<NihabaAshi> Long ER2 @ 760.20 -> small size

1 only

<szubaark> Volatility spike, now need Volatility breakout to upside,Im Long

<domvert> add YM ss 13345 14:45

<NihabaAshi> I just lost my support...will dump into the next price upsurge

<szubaark> Oil and Gold stalling?

<NihabaAshi> Exited ER2 Long @ 761.00 --> + 0.8 14:46

Yeah...Oil stalled.

Usually a good time to dump a trade "into" the next price surge because the odds are good it will pullback temporary or worst 14:47

<szubaark> Im watching this 5min candle completion as it might turn into a WRB so i can exit 14:48

<Tim_a1> spx keeps pulling these 10 point spikes out of nowhere 14:49

<NihabaAshi> If Oil can get its act together and join Gold...

You'll get that WRB

Until then...ER2 is on its own.

<szubaark> Exited all Long ES at 1470.50 --> + 2.5 «« paper »» 14:50

<NihabaAshi> Gold and Oil moving together

<domvert> addYM ss 13360

<NihabaAshi> nice trade szu 14:51

<szubaark> thnx

<domvert> cover YM +9 on 3 15:02

still have 3 averae 13337

<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) 15:04

<domvert> cover YM +21 15:08

ON 3

nice day for me in this chop 15:10

<Andy> Shorts ER2 @ 761.2 15:17

Covered all ER2 Short @ 761.8 --> - 0.6 15:18

<szubaark> Buys ES @ 1469.50 «« paper »» 15:19

Exited all Long ES at 1465.25 --> - 4.25 «« paper »» 15:23

Shorts ES @ 1465.25 «« paper »»

* sep34 is now known as sep34_away 15:29

<NihabaAshi> Long ER2 @ 762.40 -> small size 15:39

volatility spike and hopefully it can turn into a volatility breakout in my direction (not the other way down).

<Tim_a1> a world of chop 15:40

<szubaark> typical 3:30 Chop crap 15:41

<NihabaAshi> volatility drying up :(

Anything can happen now :(

<zoomy> This 762.60 area was a battle on the way down on 12/14 15:43

& 12/13 15:44

<NihabaAshi> No intermarket support :( 15:45

ER2 is on its own.

<szubaark> Expecting Volatility spike soon, hopefully my direction 15:46

<NihabaAshi> Gold still dropping over the past few minutes

Exited ER2 Long @ 761.70 --> - 0.7 15:48

:(

<szubaark> ES going between positive and negative for day, which one will it be

I have to make a note not to trade again after 3:30 as its too much stress. 15:49

<NihabaAshi> Shorts ER2 @ 761.50 -> small size

<szubaark> geez, what a Chop 15:51

<NihabaAshi> Covered ER2 Short @ 760.00 --> + 1.5 15:55

caught a big WRB pt1

<szubaark> Nice Niha

<NihabaAshi> That was my toughest trade all day and I'm glad I only had one other tough trade almost like that.

<szubaark> lets see if i can catch WRB PT2 15:57

exit stop moved to breakeven ES @ 1465.25 «« paper »»

<NihabaAshi> Shorts ER2 @ 760.00 -> small size 16:00

<Boybrutus> 12/19/2007 16:00 *DJ Oracle 2Q EPS 25c Vs EPS 18c >ORCL

============ U.S. MARKETS ACTION =========== 16:01

DJIA up 2.68 points to 13235.15

NASDAQ up 8.39 points to 2604.42

S&P 500 up 1.04 points to 1456.02

10-year T-note up 23/32 at 101 24/32 yield 4.032

NYMEX Spot Crude up $1.16 at $ 91.24/bbl at close

Dollar/Euro down 0.0034 at 1.4380

http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={1a585 767-7ee1-487c-af6e-7879a9908727}

<NihabaAshi> Covered ER2 Short @ 760.70 --> - 0.7 16:03

Long ER2 @ 761.60 -> small size 16:05

Sponsor:
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<szubaark> Covered all Short ES at 1465 --> + 0.25 «« paper »» 16:08

Buys ES @ 1465 «« paper »»

<NihabaAshi> szu...this is good price action "after" 4:05pm for those that don't like any volatile price action :) 16:10

Very slow and boring.

<szubaark> Exited all Long ES at 1465 --> 0 «« paper »» 16:11

<NihabaAshi> Exited ER2 Long @ 761.70 --> + 0.1

<werner> gn all 16:20

<NihabaAshi> Take care all and see all tomorrow. 16:48

* DisconnectedSession Close: Wed Dec 19 16:48:47 2007

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

CME Emini Futures EMD, ER2, ES and NQ

CBOT mini-sized Dow Futures YM

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