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#FuturesTrades January 15th Tuesday 2008 Trade Log

 

Russell 2000 Emini ER2 Futures

Today Month Year
+5.90 +139.80 +139.80
$590 $13,980 $13,980

Profitable Trade

0958am - 1014am est

Losing Trade

0944am - 0945am 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: Tue Jan 15 09:26:50 2008Session Ident: #futurestrades
* Now talking in #futurestrades09:26
<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<NihabaAshi> Good morning all.09:27
<werner> gm
<futurible> GM
<Pepe> gm all
<rickf> gm09:28
<Brutus> gm all09:29
<lumenPharmer> gm09:30
<drt> gm guys
<eminitrader>  Long ES @ 1403.25 09:31
<ItalianSharp> YM data frozen?
<werner> mm ym09:32

down here
<ItalianSharp> i thought the CME move was supposed to fix ugly CBOT glitches
<sb> yea i think the ym just died
<ItalianSharp> isnt it part of CME now???
you gotta be kidding...
this is utter bullsh...
<werner> grrrr
<eminitrader>  Exited 1/2 ES Long @ 1404.75 --> + 1.5
<werner> its ok now09:33
<ripsboy> gm all...
<eminitrader>  Exited ES Long @ 1405.50 --> + 2.25 09:34

Reverse and Enter Short ES @ 1405.50
<ItalianSharp> i am gonna wait another 5mins to make sure it deosnt go down again
<werner> indd IS
<NihabaAshi>  Long ER2 @ 706.40 -> large size
<eminitrader>  Shorts ES @ 1407 -> Add 09:35
<NihabaAshi> intuition and a chaser
<szubaark>  Shorts ES @ 1406.75 «« paper »»
<NihabaAshi> not large size...
sorry about that.
It's a small size position
Exited ER2 Long @ 705.60 --> - 0.8 09:37
Reverse and Enter Short ER2 @ 705.60
<PapaJon> gm all
<eminitrader>  Covered 1/2 ES Short @ 1405.50 --> + 1.5 09:38
<rep1acs>  Shorts EuroFX @ 1.4914 09:39
<eminitrader>  Shorts ES @ 1506.50 -> Add
Shorts ES @ 1406.50 -> Add 09:40
better now
<NihabaAshi>  Covered ER2 Short @ 705.30 --> + 0.3
<eminitrader>  exit stop lowered ES @ 1407.50
<rep1acs>  exit stop moved to breakeven EuroFX @ 1.4914
<szubaark>  exit stop moved to breakeven ES @ 1406.75 «« paper »» 09:41
Covered all Short ES at 1404.75 --> + 2 «« paper »» 09:42
<eminitrader>  Covered 1/2 ES Short @ 1404.50 --> + 2
<Brutus> ex trades emt
<eminitrader> thx B09:43
<NihabaAshi>  Shorts ER2 @ 704.60 -> small size 09:44
<eminitrader>  Shorts ES @ 1405.50 -> Add
<NihabaAshi>  Covered ER2 Short @ 705.50 --> - 0.9 09:45
<eminitrader>  Shorts ES @ 1406.50 -> Add
<szubaark>  Shorts ES @ 1407 «« paper »» 09:47
<rep1acs>  Covered 1/3 EuroFX Short @ 1.4907 --> + 0.0007
<eminitrader>  Covered 1/2 ES Short @ 1407.50 --> - 1
Shorts ES @ 1407 -> Add
<rep1acs>  Covered Remainder EuroFX Short @ 1.4908 --> + 0.0006 09:51
<szubaark> Business Inventory@10 AM
exit stop moved to breakeven ES @ 1407 «« paper »» 09:57
<eminitrader>  Covered 1/2 ES Short @ 1405.50 --> + 1.5 09:58
<NihabaAshi>  Shorts ER2 @ 705.10 -> small size
2 contracts only
Keeping it on the small size today.
<szubaark> Any reason Why?09:59

Covered all Short ES at 1405.50 --> + 1.5 «« paper »»
<NihabaAshi> I'm expecting a low volatility trading day (at least for the morning).
This afternoon in the p.m. trading session may be different
<rep1acs>  Shorts EuroFX @ 1.4908 ?? paper ?? 10:00
<eminitrader>  Covered ES Short @ 1406 --> - 0.5
Reverse and Enter Long ES @ 1406
<NihabaAshi> There's that "pin ball machine" price action
  
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 @ 1405 -> Add 10:01
<rep1acs>  exit stop moved to breakeven EuroFX @ 1.4908 ?? paper ?? 10:02
<szubaark>  Shorts ES @ 1404.50 «« paper »»
<NihabaAshi>  Covered 1/2 ER2 Short @ 703.00 --> + 2.1 10:03
<eminitrader>  Long ES @ 1404 -> Add
<rep1acs>  Covered 1/2 EuroFX Short @ 1.4899 --> + 0.0009 ?? paper ?? 10:07
<eminitrader>  Exited ES Long @ 1402.75 --> - 3.25 10:09
Reverse and Enter Short ES @ 1402.75
Covered all ES Short @ 1401.75 --> + 3.25 10:12
no thats not right
<szubaark>  Covered all Short ES at 1400 --> + 4.5 «« paper »» 10:14
<eminitrader> nice szu
<NihabaAshi>  Covered Remainder ER2 Short @ 699.90 --> + 5.2
<eminitrader> nice niha
<szubaark> thanks10:15
<Brutus> good one guys
<NihabaAshi> :)
<Pepe> nice
<NihabaAshi> Had a lot of help from the Business Inventories report.
<szubaark> [09:52] > Business Inventory@10 AM
<eminitrader> yep..i went for the fade expecting a runnig of stops didn't work this time :(10:16
<rep1acs>  Covered Remainder EuroFX Short @ 1.4906 --> + 0.0002 ?? paper ?? 10:18
oops
Covered Remainder EuroFX Short @ 1.4880 --> + 0.0028 ?? paper ?? 10:19
<eminitrader>  Long ES @ 1397.25
<rep1acs> done for the day..off to bed10:20
good trading all
<pdays>  Long ES @ 1397.5 10:22
<rickf> off to meetings, good trading folks -- back later10:23
<eminitrader>  Exited ES Long @ 1397.25 --> 0 10:28

Reverse and Enter Short ES @ 1397.25
<pdays>  Exited all ES Long @ 1398.5 --> + 1
<bulldog>  Long ER2 @ 698.40 «« paper »»
<eminitrader>  Covered all ES Short @ 1397.25 --> 0 10:30
taking a brek good trading 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)10:35
<bulldog>  Long ER2 @ 698.10 -> Add «« paper »» 10:42
Exited all ER2 Long @ 697.50 --> - 1.5 «« paper »»
Long ER2 @ 697.00 «« paper »» 10:44
Long ER2 @ 696.70 -> Add «« paper »» 10:46
Exited 1/4 ER2 Long @ 697.90 --> + 1.2 «« paper »» 10:48
Exited 1/4 ER2 Long @ 698.40 --> + 1.4 «« paper »» 10:55
Exited all ER2 Long @ 698 --> + 1 «« paper »» 10:56
<NihabaAshi>  Long ER2 @ 698.70 -> small size 11:01

intuition trade

1 only

poor entry too :(11:02
<bulldog>  Long ER2 @ 698.20 «« paper »» 11:03
<NihabaAshi>  Exited ER2 Long @ 699.30 --> + 0.6 11:05

Lucky exit and I'm going to take a break from trading after chasing a trade about 1.5 points higher than what I wanted to pay for :(11:06

Will be back later after lunch and its possible this is my last trade of the day considering my profit goals for the day were small and I've already reached that goal.11:07
<KN-ES>  Long ES @ 1395.5 11:15
Exited all ES Long @ 1394.5 --> - 1 11:24
<bulldog>  Long ER2 @ 698.20 «« paper »» 11:31

Long ER2 @ 697.70 -> Add «« paper »» 11:33
<Nesi> hi all
<werner> hi nesi11:34
<KN-ES>  Long ES @ 92.50
Exited 1/2 ES Long @ 93.50 --> + 1 11:35
Exited 2/3 ES Long @ 93.50 --> + 1 11:37
<bulldog>  Exited all ER2 Long @ 698.10 --> + 0.3 «« paper »» 11:41
<KN-ES>  Exited Last ES Long @ 95.25 --> + 2.75 11:42
Exited Last ES Long @ 92.25 --> - 0.25
<bulldog>  Long ER2 @ 697 «« paper »» 11:44
<KN-ES>  Long ES @ 91.5 11:47
<bulldog>  Exited all ER2 Long @ 697.60 --> + 0.6 «« paper »» 11:48
<KN-ES>  Exited all ES Long @ 90. --> - 1.5 11:49
5
<Nesi>  Shorts ER2 @ 697.00 «« paper »» 11:51
<lumenPharmer> take care all, 3 1/2 year old starts t -th classes today, and wife is 9 1/2 months pregnant, fun days indeed lol ;)11:52
<Brutus> good luck LP11:55
* codehead_afk is now known as codehead11:59
<KN-ES>  Long ES @ 92.00

Exited 1/2 ES Long @ 92 --> 0 12:00

Exited 1/2 ES Long @ 93 --> + 1
<lumenPharmer> ty brutus :)12:06
<KN-ES>  Exited 2/3 ES Long @ 94.50 --> + 2.5 12:09

sell limit to exit ES long @ 92.5 12:28
<NihabaAshi> Gotta go and pick up the kids from day care (one is sick) and spouse is still recovering from here injured back :(12:29
Take care all and see all tomorrow.12:30
* NihabaAshi is now known as NihabaAshi_away
<Brutus> cu niha
<bulldog>  Long ER2 @ 697.30 «« paper »» 12:35

Exited 1/2 ER2 Long @ 698.30 --> + 1 «« paper »» 12:40
<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)12:41
<bulldog>  Exited Remainder ER2 Long @ 698.30 --> + 1 «« paper »» 12:58

Shorts ER2 @ 702.20 «« paper »» 13:06

Shorts ER2 @ 703.10 -> Add «« paper »» 13:08
<Guest35179> any announcement moving the market now?13:09
<Brutus> only aapl13:10
<Guest35179> what's that
<Brutus> 01/15/2008 12:56 DJ Jobs Says Apple's Leopard Most Succesful Mac OS Yet13:11
<Guest35179> thx B
<bulldog>  Shorts ER2 @ 703.60 -> Add «« paper »» 13:12
<Guest35179> Apple may be good but don't think it's enough to recover market for long\
<bulldog>  Covered all ER2 Short @ 704 --> - 2.2 «« paper »»
<rickf> no way this is just apple?!
* rickf agreed13:13
<bulldog>  Shorts ER2 @ 704.40 «« paper »»
<Guest35179>  Shorts ER2 @ 704.5 13:14
<bulldog>  Shorts ER2 @ 704.60 -> Add «« paper »»
Covered 1/3 ER2 Short @ 703 --> + 1.6 «« paper »» 13:15
<Guest35179>  Covered all ER2 Short @ 702.8 --> + 1.7 13:16
<bulldog>  Covered 1/3 ER2 Short @ 702.10 --> + 2.3 «« paper »» 13:20
Covered Remainder ER2 Short @ 701.10 --> + 3.3 «« paper »» 13:22
<Guest35179> market taking a bite out of apple13:23
<bulldog>  Long ER2 @ 700 «« paper »» 13:31
<KN-ES>  Long ES @ 92.25
<bulldog>  Long ER2 @ 699.50 -> Add «« paper »» 13:34
<KN-ES>  Exited 2/3 ES Long @ 93.25 --> + 1 13:37
<bulldog>  Exited all ER2 Long @ 699.90 --> + 0.3 «« paper »» 13:43
<KN-ES>  Exited 1/6 ES Long @ 93.25 --> + 1 13:44
<ItalianSharp> anyone else have the feeling ES and YM are ready to fall hard?13:47
they been trying to build support all day long...got knows how many stops are stacked below LOD13:48
<Guest35179>  Shorts ER2 @ 699.6 13:49
<KN-ES>  Exited Last ES Long @ 91 --> - 1.25 13:50
good luck ItalianSharp13:51
<ItalianSharp> i am not short...i was just saying...:)13:52
<KN-ES> :)
<ItalianSharp> however, my "feeling" might be correct...they are attempting a run at the lows
<bulldog>  Long ER2 @ 698.20 «« paper »»
<Guest35179>  Covered all ER2 Short @ 698.5 --> + 1.1
<KN-ES> looks like it will have a breakout, downward or upwared (1409)
<Guest35179>  Long ER2 @ 698.4 13:55

Exited all ER2 Long @ 699 --> + 0.6 13:57
<KN-ES>  Long ES @ 92 13:59
sell limit to exit ES long @ 89 14:00
<bulldog>  Exited 1/3 ER2 Long @ 699.20 --> + 1 «« paper »»

Exited Remainder ER2 Long @ 699.80 --> + 1.6 «« paper »» 14:02
  
WRB Analysis
  
<rickf> short es 1490.2514:03
<bulldog> thats wrong

Exited Remainder ER2 Long @ 698.80 --> + 0.6 «« paper »»
<rickf> exit es 1492 -1.75pt14:08
<KN-ES>  Exited 2/3 ES Long @ 94.5 --> + 2.5 14:14

Exited 1/6 ES Long @ 94 --> + 2 14:16

exit limit raised ES @ 92 14:17

Long ES @ 90.50 -> small size 14:31

Exited all ES Long @ 89 --> - 1.5 14:36

Exited ES Long @ 89 --> - 1.5 14:37

Reverse and Enter Short ES @ 89

Covered 2/3 ES Short @ 90.50 --> - 1.5

that was long

sell limit to exit ES long @ 88.50 14:39

Covered 1/6 ES Short @ 92 --> - 3 14:40

that will be +3

damm

my typeing sucks

exit limit raised ES @ 89.50 14:42

t/p at 94

need a break
<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)14:44
<KN-ES>  Long ES @ 89 14:53

Exited 5/6 ES Long @ 90.50 --> + 1.5
<Brutus> some nice catches KN14:54
<rickf> indeed
<KN-ES> thanks
Exited Last Contract ES Long @ 9150 --> + 9061 14:55
Exited Last Contract ES Long @ 91.50 --> + 2.5
ym and er still trying to break the support at 1275 area and 695 area. so as long as ther is no major short order flow, its a safe game14:59
they are broken15:02
er short 699.20 -----------test
up +115:03
<rickf> bulls trying to keep it from dow -30015:20
<KN-ES>  Shorts ES @ 93.25 -> small size 15:30
Covered all ES Short @ 92.25 --> + 1 15:31
Shorts ES @ 596. -> small size 15:35
Covered all ES Short @ 96.25 --> + 499.75 15:36
Shorts ES @ 597.50 -> small size 15:38
Covered all ES Short @ 596.5 --> + 1
another early exit15:40
:(15:46
<KiwiRoo> profit is profit....15:58
<KN-ES> its hurt, even if you win.....not even near to a perfect/good trade15:59
<rickf> shorted es 1493, trailing stop. still in the pos

(forgot to enter it,sorry)
<bulldog> gn all16:01
<rickf> exit es 1487.50 +5.5
<startrader> That close and volume hurt. Could be setting up for a nice morning selloff reversal tomorrow.16:02
<KN-ES> :)16:04
<rickf> k guys i am flat and done for the day. tty tomorrow, all!
<Brutus>  ============ U.S. MARKETS ACTION ===========16:10

DJIA down 243.30 points to 12533.55

NASDAQ down 52.04 points to 2426.93

S&P 500 down 31.02 points to 1385.20

10-year T-note up 89/32 at 104 16/32 yield 3.696

NYMEX Spot Crude down $2.34 at $91.86/bbl at close

Dollar/Euro down 0.0030 at 1.4832

http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={8d707 fa1-181a-4189-bdcc-b3bd339ad162}

01/15/2008 16:18 *DJ Intel Shares Drop 12% Afterhours On Disappointing 4Q Results16:19
<werner> tx B16:20
<Brutus> gn all16:21
* sep34 is now known as sep_away16:44
<X>  #FuturesTrades Info -> Chat room for traders and intermarket analysis of Emini Futures (EMD, ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQQ, SPY)16:50
* DisconnectedSession Close: Tue Jan 15 21:22:54 200821:22
  
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#FuturesTrades past logs can be searched via using Google. For example, pretend you want to research what has been said about volatility analysis. Go to the Google search window below and type in "volatility analysis" site:thestrategylab.com (exactly as I typed it including the quotation marks) and you will find everything associated with those key words that were used by any member of  #FuturesTrades.

  

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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.

Sincerely,

M.A. Perry and Associates

TheStrategyLab.com

 questions@thestrategylab.com

"The point of this whole exercise is to make money. Everything else is just conversation." --Jonathan Hoenig

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