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#FuturesTrades January 14th Monday 2008 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+5.80	+133.90	+133.90
$580	$13,390	$13,390

Profitable Trade

1133am - 1138am est

Losing Trade

1030am - 1031am 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 Jan 14 09:29:45 2008Session 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

* Looking up jc user info...

<PapaJon> gm all 09:30

<NihabaAshi> Good morning all

<rickf> gm niha

<lumenPharmer> gm 09:31

<drt> gm guys

<Nesi> Long ER2 @ 715.00 «« paper »»

<szubaark> Shorts ES @ 1419 «« paper »» 09:32

exit stop moved to breakeven ES @ 1419 «« paper »» 09:33

Covered all Short ES at 1417 --> + 2 «« paper »» 09:37

<eminitrader> nice start szu :)

<szubaark> thx

<pat255> already an attempt at gap closure

gm all 09:38

<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) 09:41

<startrader> Long ES @ 1413.75

<Pepe> gm all 09:45

<NihabaAshi> volatility breakout 09:48

<startrader> Long ES @ 1412 -> Add 09:49

<NihabaAshi> Long ER2 @ 709.30 -> small size

<startrader> Exited all ES Long @ 1414 --> + 2.25 09:51

<rickf> nice 09:52

<KiwiRoo> gm guys..

<Brutus> hi kr 09:53

<eminitrader> Shorts ES @ 1414.25

<rep1acs> Long EuroFX @ 1.4894 -> small size 09:54

<NihabaAshi> Exited all ER2 Long @ 709.80 --> + 0.5

<eminitrader> Covered 1/2 ES Short @ 1412.25 --> + 2 09:55

Trading Edge:
Strategies
If your an independent trader looking for an edge to help you traverse around obstacles to profitable trading...a method that's well defined, gives you a better understanding of the markets, applicable for day trading, position trading, swing trading, market seasonal tendencies, position size management, intermarket analysis with a money back guaranteed policy...click here.

Trading Strategies ->   Strategies used by NihabaAshi, from entry to exit, exploit inefficiencies in the price action for profits of the following trading instruments via WRB Analysis and Intermarket Analysis: Emini Index Futures (EMD, ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Index Derivatives (DAX, ESTX50), Euronext Index Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Energy Futures (CL, NG, HO, QM), COMEX Metals Futures (GC), Forex Currencies (EurUsd, EurYen, UsdCdn), Exchange Traded Funds (DIA, GLD, OIH, IWM, QQQQ, SPY, XLE) and Hang Seng Index Futures (HSI)

<base> GM 09:57

<eminitrader> Covered ES Short @ 1414.25 --> 0

Reverse and Enter Long ES @ 1414.25

Long ES @ 1412.25 -> Add 09:59

<szubaark> Shorts ES @ 1411 «« paper »» 10:02

<rep1acs> Exited all EuroFX Long @ 1.4883 --> - 0.0011 10:04

done for the day..good trading all 10:05

<eminitrader> Exited 1/3 ES Long @ 1414.25 --> + 2

<NihabaAshi> Shorts ER2 @ 709.70 -> large size 10:07

Covered all ER2 Short @ 710.40 --> - 0.7 10:09

<szubaark> Covered all Short ES at 1415 --> - 4 «« paper »»

<eminitrader> Exited 1/3 ES Long @ 1415.25 --> + 1

exit stop moved to breakeven ES @ 1412.25

<NihabaAshi> Long ER2 @ 711.10 -> large size 10:10

<szubaark> Shorts ES @ 1415 «« paper »»

<eminitrader> be back ... 10:11

<NihabaAshi> Exited all ER2 Long @ 711.30 --> + 0.2 10:13

be back in a few...family stuff.

* NihabaAshi is now known as NihabaAshi_away

<pdays> Long ER2 @ 711.20 10:14

<startrader> 1409-1421 is going to be a tough range to dance well in, staying on the sidelines till participants show their hand. 10:18

<szubaark> Covered all Short ES at 1417 --> - 2 «« paper »» 10:19

Buys ES @ 1417 «« paper »»

<eminitrader> agree s ...lot of res in that area 1418-1423 10:20

* NihabaAshi_away is now known as NihabaAshi

<pat255> em if R is 18-23 area how do u play it ...wait for 23 or PA action in the range

<eminitrader> Exited ES Long @ 1415.25 --> + 1 10:21

Reverse and Enter Short ES @ 1415.25

<pat255> when u have a moment ..

<NihabaAshi> Shorts ER2 @ 710.60 -> medium size

<rep1acs> Long EuroFX @ 1.4876

<eminitrader> Shorts ES @ 1415.75 -> Add 10:22

<szubaark> Exited all Long ES at 1415 --> - 2 «« paper »» 10:23

Shorts ES @ 1415 «« paper »»

<NihabaAshi> Covered ER2 Short @ 710.70 --> - 0.1 10:26

ER2 should have tested 710.00 by now :( 10:27

Also, volatility is contracting a lot. 10:28

<pdays> Exited all ER2 Long @ 711.20 --> 0

<eminitrader> if it does not take out 17.25 in the next few minutes...try holding shorts for a high probability gao fill

refer to Es

<pat255> ty em .. 10:29

<eminitrader> ure pat...

<NihabaAshi> Shorts ER2 @ 711.10 -> medium size 10:30

<startrader> Long ES @ 1416.50 -> small size 10:31

<NihabaAshi> Covered ER2 Short @ 712.00 --> - 0.9

<eminitrader> :( cld go either way mow..

<pat255> they are trying em..dang

<szubaark> :(

<NihabaAshi> Long ER2 @ 712.30 -> medium size 10:32

<eminitrader> Covered all ES Short @ 1417.25 --> - 3.5

<ItalianSharp> tough trading this AM so far...mkt very undecided and there are no reports to make it breakout one way or another...

it's anybody's game to me

<pat255> y is ...choppy as hell ..

<eminitrader> Shorts ES @ 1416.75

giving it one more shot ..to fill the gap

probability 50 -50 now 10:33

<szubaark> Covered all Short ES at 1417.75 --> - 2.75 «« paper »» 10:34

Buys ES @ 1417.75 «« paper »» 10:35

<startrader> Exited all ES Long @ 1417.50 --> + 1

<ItalianSharp> i am gonna sit out until something more clear happens...not understanding price action right now...and i am lucky enough to be in the green

<szubaark> creeping higher

<ItalianSharp> yeah szu, that's my impression as well

<eminitrader> yep loks like ut

<szubaark> in meantime sucking in Shorts on the way

<NihabaAshi> Exited ER2 Long @ 712.60 --> + 0.3

<ItalianSharp> and i always have a hard time trading creeping markets

<Brutus> Shorts ES @ 1417.5

3 tic stop 10:36

<eminitrader> nice play B

<NihabaAshi> Shorts ER2 @ 712.00 -> medium size 10:37

early entry...error :(

Covered ER2 Short @ 711.80 --> + 0.2 10:41

<Brutus> thx emt looking better

* NihabaAshi is now known as NihabaAshi_away 10:42

<eminitrader> yep ..B

or lloks like tehy r just running stops 10:43

<Brutus> stop BE

<pat255> nice hold ...guys 10:45

<Brutus> Covered 1/2 ES Short @ 1415.75 --> + 1.75

<startrader> Long ES @ 1416.75 -> small size 10:47

<eminitrader> probability of gap fill getting higher now 10:48

the longer it stays in this area the stronger the downmove...if it decided to close the gap 10:49

key though is to hold thru the noise....and expect a lot of spikes either way

<Brutus> sure is low volume chop 10:50

<eminitrader> probabilty of gap fill now back to a high...s stops 1418.75 shld be good if it moves according to the current price action 10:53

<szubaark> Exited all Long ES at 1415.50 --> - 2.25 «« paper »»

<eminitrader> Covered 1/3 ES Short @ 1414.75 --> + 2 10:54

next ttarget 1411.75 10:55

<szubaark> Shorts ES @ 1414.50 «« paper »»

last try

<startrader> Long ES @ 1414.75 10:56

<Brutus> Covered all ES Short @ 1414.75 --> + 2.75

<eminitrader> pat ...looks like that spike over 1417...was just a stop runner ...taking out weak hands ...me included :( 10:57

Shorts ES @ 1416.25 -> Add

<szubaark> seems all they doing here is whacking Stops 10:58

<KN-ES> Long ES @ 1417.25

Long ES @ 1416.75

<eminitrader> unfortunately nothing we can do szu,, 10:59

<startrader> Exited 1/2 ES Long @ 1417.25 --> + 2.5

<KN-ES> Exited 1/2 ES Long @ 1418.00 --> + 1.25

<eminitrader> Covered all ES Short @ 1418.75 --> - 4.5 11:00

<szubaark> Covered all Short ES at 1419.25 --> - 4.75 «« paper »»

<rep1acs> exit stop moved to breakeven EuroFX @ 1.4876

<KN-ES> Exited 1/3 ES Long @ 1419.75 --> + 3

<eminitrader> nice longs guys

<startrader> Exited Remainder ES Long @ 1419.25 --> + 4.5 11:01

* NihabaAshi_away is now known as NihabaAshi

<rep1acs> Exited 1/3 EuroFX Long @ 1.4883 --> + 0.0007 11:03

<KN-ES> Exited 1/3 ES Long @ 1419.75 --> + 3 11:04

Exited ES Long @ 1419.75 --> + 3

Reverse and Enter Short ES @ 1419.75

Covered 1/2 ES Short @ 1418.75 --> + 1 11:08

<rep1acs> Exited 1/3 EuroFX Long @ 1.4890 --> + 0.0014 11:12

<KN-ES> Covered 1/3 ES Short @ 1850 --> - 430.25 11:13

Covered 1/3 ES Short @ 1418.50 --> + 1.25

<startrader> Long ES @ 1418.50

<KN-ES> Covered 1/3 ES Short @ 1416.75 --> + 3 11:20

<eminitrader> Long ES @ 1416.50

<KN-ES> buy limit to cover ES short @ 1419.50 11:21

<eminitrader> very nice trading K 11:23

<KN-ES> thanks eminitrader 11:24

<Brutus> looks like gap fill is gonna happen 11:25

<eminitrader> not for some tinme ...expecting a test of the highs or at least an attempt ...before it decides to do gap fill 11:26

<NihabaAshi> volatility dropping fast 11:27

<KN-ES> Covered ES Short @ 1418.5 --> + 1.25 11:29

Reverse and Enter Long ES @ 1418.5

Covered ES Short @ 1417.5 --> + 1 11:30

Reverse and Enter Long ES @ 1417.5

<NihabaAshi> Shorts ER2 @ 712.20 -> small size 11:33

sneaky little booger...prevented me from getting short around 712.40 11:34

<pat255> er can be sneaky when it wants .. 11:37

N on er 2 ticks should not matter if the setup is right..

<KN-ES> Exited all ES Long @ 1416 --> - 1.5 11:38

<NihabaAshi> Covered ER2 Short @ 711.00 --> + 1.2

<eminitrader> Long ES @ 1416 -> Add

<KN-ES> Long ES @ 1416 11:41

* codehead_afk is now known as codehead 11:43

<szubaark> really confusing price action for me

* szubaark is now known as szubaark_away 11:44

<startrader> Long ES @ 1416 -> Add 11:45

5,10,15 and 20 strikes are vacant and a good place to park it.

<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) 11:47

<KN-ES> Exited 1/2 ES Long @ 1417 --> + 1 11:53

<startrader> 50% retrace of days up action held with a peekaboo bottom, would like to see nh's at 23+. 11:54

<KN-ES> Exited Remainder ES Long @ 1415 --> - 1 12:02

<eminitrader> Long ES @ 1414.50 -> Add

stop @ 1412 be back 12:21

<KN-ES> Long ES @ 1413.5 12:24

<eminitrader> Exited all ES Long @ 1412 --> - 7 12:30

<KN-ES> Exited 1/2 ES Long @ 1415.5 --> + 2 12:56

Exited 2/3 ES Long @ 1414.5 --> + 1 13:03

<NihabaAshi> Long ER2 @ 712.00 -> small size 13:46

<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) 13:50

<NihabaAshi> Exited ER2 Long @ 712.10 --> + 0.1

:(

That trailing stop was too easy to pick even when ER2 hit 712.90

Long ER2 @ 612.80 -> small size 13:55

Long ER2 @ 713.30 -> Add 13:56

That first entry is a 712.80 not 612.80 13:57

correcting now

Long ER2 @ 712.80 -> small size 13:58

Long ER2 @ 713.30 -> Add

Exited 1/2 ER2 Long @ 714.10 --> + 0.8 14:00

Exited Remainder ER2 Long @ 713.30 --> + 0.5 14:03

<KN-ES> Exited ES Long @ 17.50 --> - 1396 14:16

Reverse and Enter Short ES @ 17.50

Covered 1/2 ES Short @ 16.5 --> + 1 14:19

<startrader> With reports in the morning I think they will expand this range to the upside before close. 14:29

<rickf> yeah plus C has its earnings + bad news breaking event at 0830

<KN-ES> Covered ES Short @ 17.25 --> + 0.25 14:30

Reverse and Enter Long ES @ 17.25

<rickf> tomorrow premarket should be interesting

<KN-ES> Exited 1/2 ES Long @ 18.25 --> + 1

Exited 1/3 ES Long @ 20 --> + 2.75 14:31

Exited 1/3 ES Long @ 19.25 --> + 2 14:32

<startrader> There was try #1. 14:33

<KN-ES> Exited Remainder ES Long @ 21.25 --> + 4 14:39

Shorts ES @ 22.00 -> small size 14:40

Covered all ES Short @ 20 --> + 2 14:44

<KiwiRoo> nice trading KN.

<Brutus> vn KN

<KN-ES> thanks KiwiRoo and Brutus 14:45

<NihabaAshi> Shorts ER2 @ 715.40 -> small size 14:50

<KN-ES> Shorts ES @ 20.75

<Brutus> how long did it take to learn to trade of the dom KN?

<startrader> Can they really let this be an inside day barring last nights shenanagins?

<Brutus> ppi tues, cpi wed 14:51

<KN-ES> Brutus : it takes at most 2 days

i think

<Brutus> sure :)

<KN-ES> it helps a lot to enter or exit a trade, but mostly a quick reverse 14:52

Covered 1/2 ES Short @ 19.75 --> + 1

that filled at 20

<NihabaAshi> Covered 2/3 ER2 Short @ 714.10 --> + 1.3 14:53

<domvert> b ES 1419 just one

<Brutus> I mean learning the skills to read the order book

<KN-ES> Covered 1/3 ES Short @ 19.75 --> + 1 14:55

<domvert> out +1

<KN-ES> Covered all ES Short @ 20.75 --> 0 14:56

<NihabaAshi> Covered Remainder ER2 Short @ 715.30 --> + 0.1

:(

<KN-ES> Shorts ES @ 22.00 14:59

small size

Covered all ES Short @ 21 --> + 1 15:11

another early exit 15:13

WRB Analysis

Learn More

<domvert> b 1419.5 15:15

+1 15:17

out

b 1419 again 15:22

ES

stp is 1417.5 15:23

out+1 15:26

<startrader> Long ES @ 1420.25 15:30

<domvert> missed that last 1419 15:35

area

dang

<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) 15:56

<NihabaAshi> Shorts ER2 @ 713.50 -> small size 16:02

1 only

:( 16:04

<werner> gn all 16:05

<NihabaAshi> Covered ER2 Short @ 713.30 --> + 0.2

Take care all and see all tomorrow.

<futurible> gn all 16:06

<Brutus> ============ U.S. MARKETS ACTION ===========

DJIA up 149.82 points to 12756.12

NASDAQ up 36.06 points to 2476.00

S&P 500 up 12.80 points to 1413.82

10-year T-note up 1/32 at 103 26/32 yield 3.782

NYMEX Spot Crude up $1.51 at $ 94.20/bbl

Dollar/Euro up 0.0096 at 1.4872

http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={0dce7 5ba-e9e3-430c-8e0a-cbb420a67e1f}

* sep34 is now known as sep34_away 17:01

<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) 17:59

* DisconnectedSession Close: Mon Jan 14 19:55:35 2008 19:55

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We are proud to say that our chat room members are from the following geographical areas in the world:

Argentina, Australia, Belgium, Brazil, Canada, Denmark, France, Germany, Greece, Hong Kong (China), Israel, Italy, Japan, Mexico, Portugal, Puerto Rico (U.S.), Saudi Arabia, Singapore, Spain, United States and Venezuela.

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

Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50

Eurex Fixed Income Derivatives BUND, BOBL and Schatz

Euronext Futures FTSE-100 and CAC-40

CME Futures EuroFX EC

Treasury Futures T-Notes ZN, ZF and T-Bonds ZB

Forex Currencies EurUsd, EurYen and UsdCdn

Exchange Traded Funds DIA, IWM, QQQQ, SPY, OIH, XLE and GLD

NYMEX Energies Light Crude Oil CL, e-miNY QM and Natural Gas NG

COMEX Metals Gold GC and ZG

Hang Seng Index Futures HSI

Last of all, if you have any questions about any of the above commentary, specific trades et cetera...

Don't hesitate to ask your questions and we'll reply back as soon as possible.