#FuturesTrades December 21st Friday 2007 Trade Log

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 21 09:29:15 2007Session Ident: #futurestrades
* Now	talking in #futurestrades	09:29
<X>	[NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<Nesi>	Niha in da house :)
	wow market
<PapaJon>	gm all
<rickf>	wow	09:30
<Nesi>	Shorts ER2 @ 785 «« paper »»
<rickf>	that was unexpected
<werner>	gm all	09:32
<rickf>	gm	09:33
<daxbr>	gm all
<pdays>	Shorts ES @ 1488.5 «« paper »»	09:34
<Nesi>	Covered all ER2 Short @ 782.90 --> + 2.1 «« paper »»	09:36
<NihabaAshi>	Shorts ER2 @ 782.60 -> medium size
<pdays>	Covered all ES Short @ 1486. --> + 2.5 «« paper »»
<werner>	it feels like everything is high risk the last few days......	09:37
<NihabaAshi>	Covered all ER2 Short @ 783.20 --> - 0.6	09:38
<silo>	Long ER2 @ 783.20 -> small size «« paper »»	09:39
<Nesi>	go silo, :)	09:40
<szubaark>	LOL silo
<Nesi>	your first trade post :)
<NihabaAshi>	Long ER2 @ 783.60 -> medium size
<base>	GM
<silo>	:D	09:41
	i'm a virgin, be gentle
<Nesi>	lol	09:42
<szubaark>	LOL
<silo>	wheew... was thinking of reversing the long if he closed down as a wrb	09:43
	he = it
<hum_g>	any using opentick - world's cheapest, worst datafeed?	09:45
<NihabaAshi>	Exited ER2 Long @ 784.80 --> + 1.2
	Holding 1 contract
<pat255>	that was tuff to hold ..L so damn whippy
<lisat>	very good ,NIHA
<silo>	ooh yeah	09:46
<zoomy>	Shorts ER2 @ 786.20 «« paper »»
<NihabaAshi>	Exited Remainder ER2 Long @ 786.10 --> + 2.5
<silo>	my indicator shows still a good hold	09:47
<Nesi>	Shorts ER2 @ 786.50 «« paper »»
<NihabaAshi>	There's still support from Oil and Gold
	Thus, can easily go higher if it wanted too.	09:48
<Brutus>	1480 is spx 50% retrace of down move
<silo>	Exited 2/3 ER2 Long @ 786.10 --> + 2.9 «« paper »»
<Nesi>	congrats!
<rickf>	woot
<silo>	:D
<Brutus>	ya broken :)
<szubaark>	Nice trade silo.	09:49
<NihabaAshi>	Shorts ER2 @ 786.10 -> small size
	trade error...looking to dump this	09:50
<silo>	still holding 1/3
	indicator says it's still a hold
	indicator one shows slowing down of this move	09:51
<NihabaAshi>	Covered ER2 Short @ 786.00 --> + 0.1
<silo>	but indicator shows it's still not time to exit yet
	Exited Remainder ER2 Long @ 784.50 --> + 1.3 «« paper »»	09:52
<Nesi>	Covered all ER2 Short @ 784.80 --> + 1.7 «« paper »»
<drs>	Hi all, first time here. Shorted er2 @ 784.0 just after open, covered @ 782.2 --> +1.8	09:53
<Nesi>	welcome, drs	09:54
<drs>	thanks	09:55
<Nesi>	Long ER2 @ 783.40 «« paper »»	09:56
	Exited all ER2 Long @ 782.90 --> - 0.5 «« paper »»	09:57
<rickf>	kinda quiet for triple-witch friday morning, yes?
<Nesi>	probably because of the big gap (so far)	09:58
<Brutus>	1000/1500 Dec Reuters/University of Michigan Survey, final	09:59
	Sentiment Index, end-month 76.1
	Sentiment Index, mid-month 74.5
<silo>	Long ER2 @ 487 «« paper »»	10:04
	784	10:05
	Long ER2 @ 784.10 -> small size «« paper »»
	there we go
	might have so me trouble moving up	10:06
	EMD going down
	no support from gold or oil
	Exited all ER2 Long @ 783.60 --> - 0.5 «« paper »»	10:07
<szubaark>	Shorts ES @ 1487.25 «« paper »»	10:10
<silo>	haha damn... went back up	10:11
<Nesi>	chop chop now :/
<NihabaAshi>	Long ER2 @ 784.90 -> small size	10:12
	volatility spike earlier but didn't get a fill :(	10:13
<silo>	Long ER2 @ 785.50 -> small size «« paper »»
<szubaark>	exit stop set ES @ 1489.50 «« paper »»
<drs>	Yes, long slow trend breaking thru open on er2.	10:14
<NihabaAshi>	Exited 2/3 ER2 Long @ 786.00 --> + 1.1
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)
<Nesi>	Shorts ER2 @ 786 «« paper »»
<szubaark>	Covered all Short ES at 1489.50 --> - 2.25 «« paper »»	10:15
	Buys ES @ 1489.75 «« paper »»
<pat255>	vn guys ..
<Nesi>	Covered all ER2 Short @ 787 --> - 1 «« paper »»
<silo>	Exited 1/2 ER2 Long @ 787.10 --> + 1.6 «« paper »»	10:16
<NihabaAshi>	Exited Remainder ER2 Long @ 787.20 --> + 2.3
<pat255>	vvn
<silo>	Exited Remainder ER2 Long @ 787.10 --> + 1.6 «« paper »»
<NihabaAshi>	ER2 has a mind of its own right now
<Nesi>	Shorts ER2 @ 787 «« paper »»
<rickf>	silo - nice!	10:17
<pdays>	Shorts ES @ 1490.5 «« paper »»
<szubaark>	Hopefully i can catch a nice WRB pt2	10:20
<Nesi>	Covered all ER2 Short @ 787.20 --> - 0.2 «« paper »»
	Shorts ER2 @ 786.50 «« paper »»	10:22
<NihabaAshi>	resistance up here for ER2
<domvert>	ss YM 13510
<NihabaAshi>	However, volatility is contracting
	Shorts ER2 @ 786.20 -> small size	10:23
	Weird price action here...lower my position size.
<szubaark>	exit stop moved to breakeven ES @ 1489.75 «« paper »»	10:25
<NihabaAshi>	Markets not in synch right now...
	Makes it difficult to get a feel for it.	10:26
	Covered ER2 Short @ 786.00 --> + 0.2
	:(
	Got too cloudy in there for me.	10:27
<silo>	i'm still long CF
	oops
	that was meant for szu
<NihabaAshi>	volatility has come to a crawl :(	10:31
	On that note...will go do some personal stuff :)
* NihabaAshi	is now known as NihabaAshi_away
<rickf>	yep, i agree
	i head to the gym at 11, so you can thank me for any major market moves that happen (routinely) in my absence :)	10:32
<drs>	Shorted er2 @ 785.8, covered @ 785.9 --> - 0.1 No action...	10:33
<szubaark>	Exited all Long ES at 1489.75 --> 0 «« paper »»	10:34
	Shorts ES @ 1489.75 «« paper »»
<drs>	...and now there it goes :-)	10:35
<silo>	hehe
	good breakeven trade szu	10:36
	:D
	it's not easy to get them exact like that
<Tim_a1>	what a bazzarre overnight move
<Nesi>	Covered all ER2 Short @ 785.50 --> + 1 «« paper »»	10:38
<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)	10:40
<szubaark>	this thing is barely moving now	10:41
	exit stop set ES @ 1490.75 «« paper »»	10:42
<domvert>	add ss YM 13503	10:44
<szubaark>	Covered all Short ES at 1490.75 --> - 1 «« paper »»	10:45
	Buys ES @ 1490.75 «« paper »»	10:46
	Exited all Long ES at 1489 --> - 1.75 «« paper »»	10:51
	Shorts ES @ 1489 «« paper »»
<Nesi>	Long ER2 @ 786 «« paper »»	11:07
	Exited all ER2 Long @ 786 --> 0 «« paper »»	11:11
	Shorts ER2 @ 785.50 «« paper »»	11:13
	Covered all ER2 Short @ 785.60 --> - 0.1 «« paper »»	11:17
	Long ER2 @ 786 «« paper »»	11:19
	push :)	11:20
<drs>	I can't take it anymore :-) Quitting while I'm ahead...bye all, and have a nice Christmas (void where not applicable :-)	11:21
<Nesi>	NQ not following at all
	thx drs, you too
<szubaark>	bye u too
	Hopefully they'll go for the gap close and i can finish day ++
<Nesi>	Exited all ER2 Long @ 785.50 --> - 0.5 «« paper »»	11:22
	Shorts ER2 @ 785.50 «« paper »»	11:45
<domvert>	cover YM +16.5	11:50
	slim pickings today
* Bern_away	is now known as Bern	11:54
<Nesi>	exit stop set ER2 @ 785 «« paper »»
<Bern>	I took the morning off since quadruple witching and I see i did not loose any big move
<KnnK>	sell limit to enter short ER2 @ 782.2
<Bern>	i think i will take also the afternoon :)
	Have a nice weekend all and merry xmas	11:55
<Nesi>	thanks :)
* Bern	is now known as bern_away
<base>	Merry Christmas, take care all.	12:01
<silo>	Long ER2 @ 784.50 -> medium size «« paper »»
	a bit early	12:02
	and my indicating not showing strength yet
	so i could be early
	we'll see
	Exited 1/2 ER2 Long @ 784.20 --> - 0.3 «« paper »»	12:05
	reduced half
	a bit early on this trade
	Exited Remainder ER2 Long @ 784 --> - 0.5 «« paper »»
	Long ER2 @ 785 «« paper »»	12:06
	Long ER2 @ 784.60 «« paper »»	12:07
	Long ER2 @ 784.90 -> Add «« paper »»	12:08
<szubaark>	is it really paper or are you going Real Money?	12:09
<silo>	paper
	why am i taking my paper trading too seriously?
	:)
	when i trade.. i trade...
	i got ice water running through my veins :)
	jk
	strength still not quite there yet	12:10
	Exited 2/3 ER2 Long @ 784.50 --> - 0.4 «« paper »»	12:11
	not quite ready
<szubaark>	heheh
<silo>	Exited Remainder ER2 Long @ 783.90 --> - 0.7 «« paper »»	12:12
	strength to the downside
	about neutral now	12:13
	Long ER2 @ 785.10 -> small size «« paper »»	12:19
<szubaark>	heheh	12:20
	Im Short
<silo>	OIL breaking out
	i should've just gone small and stay in
	doing it this time
<KiwiRoo>	.... OH O.
	i'm long too.
	can't go against... szu. hehe
<silo>	szu will learn not to go against me :)	12:21
	in due time
	haha
<KiwiRoo>	LOL.
<silo>	just kidding
<KiwiRoo>	against US.
<szubaark>	heheh	12:22
<KiwiRoo>	Look like we got it going now.... :P	12:23
<silo>	Long ER2 @ 785 -> Add «« paper »»
<KiwiRoo>	taking tight profits..
<silo>	:P
<KiwiRoo>	ES might get to 91...to test here.	12:24
	tight range.....
<szubaark>	Kiwi where u Long from?	12:25
<silo>	Long ER2 @ 785.30 -> Add «« paper »»
<KiwiRoo>	i just got long when entered the room... at 89.. already took the 0.75 profit... BE stop now...	12:26
	*just woke up * .. lol.
<silo>	Strength coming in on ya Szu.... ooooh you better not run, you better not cry.... after this trade we'll tell you why :) rally issss coming to town :)	12:27
<KiwiRoo>	i'm out.... saw sellers.
<szubaark>	on the time and sales?	12:28
<KiwiRoo>	yeah....
	might be wrong... but.. well... can't seem to break the 90 yet.
	damn... 1000 lots buyers... hmm.	12:29
<silo>	:D	12:30
	real strength hasn't come into the market yet
	futures market picking up a bit
<KiwiRoo>	man.. but look at the lack of buyer above that point.
<silo>	wanna see if it will boost it up more
<szubaark>	looks like stop picking
	Floor loves this type of action	12:31
<KiwiRoo>	yeah.. but I'm sure floor is pretty empty now...
<szubaark>	they just keep whacking small retail traders all day
<KiwiRoo>	do u subscribe to sqwakebox ?
<szubaark>	no	12:32
<silo>	are you?
	when i was working at a proprietary trading firm... we had squawkbox
<KiwiRoo>	nope...	12:33
	man.. this is too thin to read the tape..
	no follow through.
<Andy>	typical pre holiday market, the big players have left and the B team is on the floor with instructions to not do much	12:34
<silo>	Exited all ER2 Long @ 784.20 --> - 2 «« paper »»
	oops forgot to exit	12:35
	was talking to sep
	haha
<KiwiRoo>	Yup.. andy I think so.	12:36
	haha silo..... that isn't nice.
<silo>	sep distracted me	12:39
	i should share some of this loss with him
<szubaark>	haha.. how much you down now?
<KiwiRoo>	kick him out of the room... lol. j/k
<silo>	i might still be up from morning's gain
<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)	12:46
<KiwiRoo>	under 88 and 86 is next on the card...	12:54
<szubaark>	yes..looks like downtrendline is holding from day high	12:57
<KiwiRoo>	looking really for the shorts now....	12:58
	lack of buyers.....	12:59
	follow through that is.
	this will be hard to crack...88.00....	13:00
<silo>	wow market is choppy as hell right now hehe	13:02
<KiwiRoo>	at least the chop isn't big in range....
	they dn't want 88 to be cracked...	13:03
<szubaark>	Looking more and more like they gonna try for the gap, Unless senior traders told them not to	13:08
<KiwiRoo>	13 points ?..... don't think they can in this range.	13:10
<ItalianSharp>	szu, the gap is 13 pts down from here...i ahve the feeling the big boys arent participating right now...it's not even sure whether they'll participate again after banking in some profits
<KiwiRoo>	can't even crack 88.
<ItalianSharp>	if a move is to be made, my guess is up
<KiwiRoo>	has to agree with Ital.
<szubaark>	Covered all Short ES at 1489.50 --> - 0.5 «« paper »»	13:11
	Buys ES @ 1489.50 «« paper »»
	i hate chop
<KiwiRoo>	check out the advance decline... been strong all day.	13:13
<silo>	this could be a real move up
	this move is showing more strength than the previous times when i was longing
<szubaark>	plus its christmas
<ItalianSharp>	the reason my guess is UP is simply that shorts had many chances to make it fall all day but just couldnt
<silo>	there's more backing from the futures market
	but still need to see more strength coming in
	'cuz it's still not THAT strong yet
	it's just a little bit better than the 12:20 move up
<KiwiRoo>	this is too boring.... i'm going back to sleep.... bbl.	13:15
<Nesi>	Long ER2 @ 784.60 «« paper »»
<silo>	i didn't take the trade 'cuz it's not a proper signal for me	13:16
<Nesi>	Exited all ER2 Long @ 784 --> - 0.6 «« paper »»	13:29
<silo>	Shorts ER2 @ 783.90 -> large size «« paper »»
<KnnK>	cancelled all open limit orders	13:30
<Nesi>	Long ER2 @ 784.60 «« paper »»	13:33
<silo>	Shorts ER2 @ 783.90 -> Add «« paper »»	13:35
<Nesi>	feels to me , market coiling ..imho	13:37
<szubaark>	they must be waiting for specific time given to them to move it	13:38
<Tim_a1>	it's up againt a ton of resistence (ES), 50 week ma, and last month's close	13:40
	yet, it shows now pullback from it at all
	no
<silo>	wow so much chopping
	Shorts ER2 @ 784 -> Add «« paper »»	13:42
	this is like a chopping board	13:45
<Tim_a1>	feels like they just pinned it to an expiry target	13:46
<silo>	Covered 1/2 ER2 Short @ 784.50 --> - 0.5 «« paper »»	13:47
	Covered Remainder ER2 Short @ 784.40 --> - 0.5 «« paper »»	13:48
<Nesi>	here we may go...	13:50
	pop
<silo>	Long ER2 @ 785.20 -> small size «« paper »»	13:51
<szubaark>	CNN just mentioned "Santa Rally"	13:52
<Nesi>	looks like another pop comin
<szubaark>	this is Perfect day to practice on a new Trading Platform since range is almost non-existant	13:53
<Nesi>	you can always get a Sim :)
	Exited all ER2 Long @ 784.70 --> + 0.1 «« paper »»	13:54
<silo>	can't get past the 785.50 midday high	13:56
<szubaark>	2pm approching, lunch should be over in Chicago	13:59
	Junior traders should move to Plan B now.
<silo>	Long ER2 @ 785.70 -> Add «« paper »»	14:01
	Long ER2 @ 785.90 -> Add «« paper »»	14:03
<szubaark>	2pm, looks like they right on time.	14:06
<Nesi>	Shorts ER2 @ 785.60 «« paper »»	14:07
<silo>	that was one scary fake out	14:09
	strength increasing guys
	i think we'll break out of this range soon
<Tim_a1>	this week has really busted my chops, have really been 'off'	14:10
<szubaark>	Tim its been a tough week for most, plus we had that option expiration crap going on
	ES new highs	14:11
<Nesi>	Covered all ER2 Short @ 786.40 --> - 0.8 «« paper »»	14:12
<szubaark>	Hopefully Ill get a WRB for my Exit
<Tim_a1>	wosrt week i've had in months	14:13
	worst
<szubaark>	this wek ive seen a lot of Retracements on any pop so it was tough to stay in a trade unless u had Perfect entry	14:14
	Exited all Long ES at 1493.25 --> + 3.75 «« paper »»
<silo>	Exited 1/2 ER2 Long @ 786.60 --> + 0.7 «« paper »»	14:15
<Nesi>	very nice , silo
<zoomy>	Shorts ER2 @ 787.20 -> Add «« paper »»	14:17
<Tim_a1>	es plowed through 2 major weekly ma's and a major daily ma, with no pullback	14:19
<silo>	Exited Remainder ER2 Long @ 786.90 --> + 1.7 «« paper »»	14:21
<Tim_a1>	dow passed through 5, 10, 20, 50, and 200 ma today, without a pause through any of themfreaking unbelievable	14:22
<szubaark>	Buys ES @ 1493.25 «« paper »»	14:25
<Tim_a1>	i dont think i've ever seen that	14:28
<Nesi>	Shorts ER2 @ 786.50 «« paper »»	14:29
<werner>	sentiment every year the same tim
<Tim_a1>	not every year, 2000 broke every wall street rule there was	14:30
<szubaark>	yeah there is nothing written in stone in this racket.
<Tim_a1>	and arguably, today droke the rules slicing through the ma's like that	14:33
	anyone using them instead of stops got creamed
<werner>	ind szu ,but you can see its not the same as a few days ago
<Tim_a1>	i think the most dangerous myth the last 6 months is the gap fill, seems to be no odds of whether they fill or not	14:38
<werner>	always the same every year.....sentiment is drive the market and not ta
	niha?	14:40
<silo>	Long ER2 @ 787.20 «« paper »»	14:41
<Nesi>	Covered all ER2 Short @ 786.90 --> - 0.4 «« paper »»	14:43
<silo>	Long ER2 @ 787.30 -> Add «« paper »»	14:48
<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)	14:52
<szubaark>	Exited all Long ES at 1495 --> + 1.75 «« paper »»	14:55
<KiwiRoo>	....	15:06
	what a nap :P	15:07
<silo>	Exited all ER2 Long @ 787.10 --> - 0.3 «« paper »»	15:08
<szubaark>	Shorts ES @ 1495 «« paper »»	15:09
	ER showing some weakness here	15:10
<Nesi>	Shorts ER2 @ 786.50 «« paper »»	15:11
* NihabaAshi_away	is now known as NihabaAshi
<NihabaAshi>	Shorts ER2 @ 786.30 -> small size
<Nesi>	some bank news on tv, fwiw	15:12
<NihabaAshi>	First trade of the afternoon and already an entry problem :(
<Nesi>	banks to abandon super siv plan
	no fresh, fwiw
<Tim_a1>	super siv?	15:13
<NihabaAshi>	Covered ER2 Short @ 786.90 --> - 0.6	15:15
<KiwiRoo>	I got long...	15:16
	hmm..
<Nesi>	Covered all ER2 Short @ 787.40 --> - 0.9 «« paper »»	15:17
<KiwiRoo>	still a lot of selling pressure from the ES. but once finish.... should be good.	15:18
	all the way to 1499... above 96..	15:20
<NihabaAshi>	Long ER2 @ 787.80 -> small size
<KiwiRoo>	come on sucker push....	15:21
<NihabaAshi>	Us retail guys not providing enough volatility :)	15:22
<szubaark>	Covered all Short ES at 1497 --> - 2 «« paper »»
	Buys ES @ 1497 «« paper »»
<KiwiRoo>	should be enough to get use to 1499.. :P
	i can't see anything above 96 to stop us... Hmm..
	lets go..sucker.... some christmas present for me!	15:23
<Nesi>	:)
<szubaark>	im Long, dont stop now
<NihabaAshi>	Gold and Oil not providing any support just yet.
	If they do show up...I should be able to catch a 789
<KiwiRoo>	darn..... where are all these big sellers coming from..	15:24
<NihabaAshi>	Oooops...it just popped in a way I couldn't dump it :(
<Nesi>	it was fast, Niha
<KiwiRoo>	Russle got minds of its own.
	give me 5 more ticks...	15:25
	jee+
<NihabaAshi>	Exited all ER2 Long @ 788.90 --> + 1.1	15:26
	pppp[s
	Exited all ER2 Long @ 787.90 --> + 0.1
	It was a worthy try
	Take care all and have a merry xmas.	15:27
* NihabaAshi	is now known as NihabaAshi_away
<KiwiRoo>	same to you Niha...
WRB Analysis	Learn More
<Tim_a1>	spx within 1.75 points of 50 ma
<Nesi>	merry xmas to you and family, Niha
	thanks for everything
<KiwiRoo>	enjoy your holiday.
<Tim_a1>	m xm nih
<ItalianSharp>	merry christmas Niha and everybody
<rickf>	...and to all a good trade :)	15:28
<szubaark>	yuo merry christmas everyone
<Tim_a1>	& all
<KiwiRoo>	lets goooooo!!!
	yup.. marry Christmas to you all...	15:29
	damn it..... 99 is pretty hard afterall..	15:30
<werner>	merry xmas all and take care all	15:35
<rickf>	merry/happy to all as well --- have a good weekend
<szubaark>	geez, every frikin point has to be retraced
<Nesi>	thanks all :)
<Tim_a1>	what a bazzarre chart pattern this year has been - any thoughts on it?	15:36
<KiwiRoo>	under 96 and we could be in a new ball game..	15:38
<silo>	man price is shoooooo choppy here
<KiwiRoo>	96 and 95.
<szubaark>	Exited all Long ES at 1495.50 --> - 1.5 «« paper »»
	Shorts ES @ 1495.50 «« paper »»	15:39
<Nesi>	finally they show up :/
<zoomy>	Friday afternoon sell off ???
<Nesi>	only 20 minutes to go :/
<szubaark>	i need it to be Profitible for the day/ Dont like being negative on Friday's.
<Tim_a1>	it's been a 40 point no-pullback es run	15:40
<szubaark>	Biut this chart is so frikin tough to trade
<KiwiRoo>	after 2pm.. chart look pretty good to me.
<szubaark>	you never know what they might do after 3:30	15:41
<KiwiRoo>	after 3:30 ... chart pattern doesn't work.
	all price action from here on.
<szubaark>	Looks like Juniors going for Plan C.
<KiwiRoo>	don't tank......	15:43
<szubaark>	u still holding Long?	15:45
<KiwiRoo>	nope.. got out at 97 when it failed.	15:46
	*was failing*
	nice quick 2 pointer for you szu	15:51
	make that 3.	15:52
<szubaark>	eyeing 1490
<KiwiRoo>	more if under 92.50
<szubaark>	back to the afternoon chop zone
<KiwiRoo>	92.50 is hard to crack imo.
	huge support.
<Tim_a1>	they're spinding it	15:53
	spending
<KiwiRoo>	Shorts won't give up.
<szubaark>	1490 would take it back to the middle of the day range	15:54
<Nesi>	wow er	15:55
<KiwiRoo>	i creckon.... what is ER doing.. rofl.
	go go Long.
<Nesi>	:)
<silo>	Long ER2 @ 789.30 «« paper »»
<KiwiRoo>	push this shitz back upto 99.
<szubaark>	:(	15:57
<Nesi>	790 er
<zoomy>	Shorts ER2 @ 789.90 -> Add «« paper »»
<szubaark>	Covered all Short ES at 1497 --> - 1.5 «« paper »»	15:58
	Buys ES @ 1497 «« paper »»
<KiwiRoo>	rofl.. we might just made it after all.	15:59
<szubaark>	yeas i took too many Stops now, down for day
<silo>	Exited all ER2 Long @ 790.20 --> + 0.9 «« paper »»
<Nesi>	wow	16:00
<KiwiRoo>	damn that Double top...
	on ES.
	couldn't crack that area. 98.
<szubaark>	sure would like it could..bastids
<Brutus>	============ U.S. MARKETS ACTION ===========
	DJIA up 200.13 points to 13445.77
	NASDAQ up 42.67 points to 2683.53
	S&P 500 up 22.33 points to 1482.45
	10-year T-note down 30/32 at 100 21/32 yield 4.168
	NYMEX Spot Crude up $2.25 at $ 93.31/bbl
	Dollar/Euro up 0.0029 at 1.4359
	http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={30757 2bf-b2e4-46a7-91d2-13ca251a7ff9}
<szubaark>	Exited all Long ES at 1495 --> - 2 «« paper »»	16:01
	Shorts ES @ 1495 «« paper »»
	geez
<KiwiRoo>	it seems like you would do well on a 2sided day szu.
<Tim_a1>	ha ha ha, they pinned the strike price, now the slime dump it	16:02
<KiwiRoo>	trending day hurts you.
<szubaark>	I had a good week overall, today is my first day down and i DONT LIKE IT
<KiwiRoo>	heehe.... bigger picture is all that matters...
<szubaark>	Look, its all frikin games
<KiwiRoo>	YUP....	16:03
<szubaark>	Hope they dump it to 1490 Now LOL
	That would make me breakeven for day
<KiwiRoo>	lol.... i got that area too... but 92.50 is too much to crack.
	and they have no gas left imo.
	lol.... ok... back to 90... hahaah	16:04
	for szu.!
<Tim_a1>	they batted it all week between the cat's paws, ran it up the flagpole for strike pin, then dumped it
<szubaark>	That runup to double top was scum
<KiwiRoo>	failed flag is good for reverse trade :P	16:05
<Nesi>	ER doing it again
<Tim_a1>	it'd have been funny if i hadnt been the mouse between the paws :(
<szubaark>	but its best not to trade after 3:30.. i lose every time
<Tim_a1>	failed flag?
<KiwiRoo>	I think that last run up was legit...but some huge seller just have to spark it off down.	16:06
	after 3:45... all price action there imo.. have to be fast...
	could this be a little triangle setting up or what..	16:07
	minute chart.
<szubaark>	about 10 minutes left, they need to make their move FAST
<Tim_a1>	someone needed a partucular price at 4:00, and now they dont need it
<szubaark>	Options finish at 4pm right? makes sense Tim	16:08
<Tim_a1>	i assume so, does anyone else know?
<KiwiRoo>	option finishes by opening today wasn't it?
	starting wed to today market opening.
	price action today wasn't so bad...!!	16:09
	so it should expired already.
<Tim_a1>	you're right, futures expired in morning	16:10
<szubaark>	Covered all Short ES at 1496.25 --> - 1.25 «« paper »»	16:11
<KiwiRoo>	badluck man..	16:12
<szubaark>	down -8 ES Points.. tough PA for me
<KiwiRoo>	i got long at 95.50 btw.... took 1point off already. still looking for 99.. rofl.
	not a good start to the holiday season for u :(...	16:14
<szubaark>	lOL Slime
<KiwiRoo>	rofl.. I'm filled at 98.75.. :P
<szubaark>	Tag Highs in last minute :)))
<KiwiRoo>	rofl.. I just made it..	16:15
	didn't even look at the time..rofl.
<szubaark>	nice job.
<KiwiRoo>	tx...
<szubaark>	Til next time everyone :))
<Tim_a1>	i've had the worst week in months
<KiwiRoo>	ok guys... have a nice holiday season..
<Brutus>	good one, merry xmas all
<szubaark>	Tim be prepared to refresh and do Battle next year.	16:16
<KiwiRoo>	merry xmas.
<Tim_a1>	thx, gotta admit its a rought start for the holidays
<szubaark>	yeah that doesnt help to be losing money for holidays.	16:17
<Tim_a1>	i dont do it very oftern, but after getting chop chop choped on stops, go without them and WHAM!!!	16:18
	today's run exceeded the box range breakout expectation of the last 3 days, and sliced through ma's like they werent there	16:19
	i thought i had all kinds of resistance as stops, but no dice	16:20
<szubaark>	Games can be expected on low volume holiday day
	they still were kind since we didnt have any spikes from Hell like last year
<KiwiRoo>	go with the flow (momentum) i reckon.	16:21
	but that hurts me on choppy days.
	:(
<Tim_a1>	i looked though charts, I dont think dow has EVER gone through 5 10 20 50 and 200 day ma in one day, not ever!	16:22
	mid 2006 was close, but i dont think it did
<szubaark>	All one can do is review the "bad trades" and learn from them.. again, and again and again and again	16:23
<KiwiRoo>	well... 200 days ma wasn't very far off wasn't it ?
<Tim_a1>	i very rarely us ma as stop, but generally that many mas would work for a stop - this has never happened before	16:24
<KiwiRoo>	yeah szu..... I've been analyzing my bad trades. it can be overwhelming. rofl.
	wasn't the Dow sitting just under the ma though... sure they have to break it.	16:25
<Tim_a1>	all of them???
<szubaark>	well, i dont learn from a bad trade til i make it 100+ times i swear :))	16:26
	call me a slow frikin learner...
<silo>	anyone know any good instruments that are open at night?	16:27
	something that's good for trading
<szubaark>	Forex
<silo>	which one though
<KiwiRoo>	I'm sure it was.. i don't have the dow chart MA up.... cause I don't use it :P
<silo>	most i look at moves so slowly... and other are pretty choppy
<KiwiRoo>	i have the intraday charts up.. just not the daily charts
	Trade the ASX :P	16:28
	HSI.
	HSI is mad as I heard.
<szubaark>	its ER on crack
<KiwiRoo>	yeah.. lol.	16:29
<silo>	i dont think i have quotes for HSI	16:32
	which of the forex futures is good
<KiwiRoo>	the jpy and pound?	16:33
	aud/us?
	have you got IB account ?	16:34
	free data for HSI, I think.
	but no mini contract.
<silo>	i have tradestations	16:36
<KiwiRoo>	i don't know about that then...	16:38
	but IB pretty much covers everything..	16:39
	plus they have demo account..
	along with normal account.
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