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#FuturesTrades January 17th Thursday 2008 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+11.30	+193.90	+193.90
$1,130	$19,390	$19,390

Profitable Trade

1032am - 1041am est

Losing Trade

"no losers"

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: Thu Jan 17 09:25:18 2008Session Ident: #FuturesTrades

* Now talking in #FuturesTrades 09:25

<NihabaAshi> Good morning all...those still waiting for email replies to their questions asked several days ago... 09:26

I'm almost caught up with my behind the scenes website work.

I had to resolve some coding issues that had more importance to prevent my forum from crashing :( 09:27

<Pepe> gm all 09:28

<drt> gl everyone 09:29

gm

<ripsboy> gm all... 09:30

<szubaark> Buys ES @ 1377.25 «« paper »» 09:39

Exited all Long ES at 1379 --> + 1.75 «« paper »» 09:42

<eminitrader> Shorts ES @ 1381.50 09:44

<TraderO> Good morning 09:45

<pat255> gm EM ...

good to have u back..

<eminitrader> Covered 1/2 ES Short @ 1379.50 --> + 2

morn pat

<NihabaAshi> Shorts ER2 @ 704.70 -> small size 09:46

<eminitrader> had some connectivity pbs yest ..

<pat255> k...

<szubaark> ok

<NihabaAshi> intuition trade

<silo> morning 09:47

<startrader> Long ES @ 1379.50

<NihabaAshi> volatility contracting

<eminitrader> Covered Remainder ES Short @ 1380.50 --> + 1 09:48

nq showing bullish pattern ..may pull the Es with it

<szubaark> Buys ES @ 1381.25 «« paper »»

<Nesi> Bernake in 10 minutes, fwiw 09:49

<startrader> Exited 1/2 ES Long @ 1382 --> + 2.5

<Nesi> Long ER2 @ 704.90 «« paper »»

<szubaark> Exited all Long ES at 1381.25 --> 0 «« paper »» 09:50

<Brutus> 1000/1500 Jan Philadelphia Fed Manufacturing Index

Business Activity -5.7

1030/1530 Jan 11 US Energy Dept Natural Gas Inventory

Natural Gas Stocks (in billion -171

cubic feet)

1145/1645 Dallas Fed Pres Fisher speaks on "Protectionism and its

<NihabaAshi> Covered all ER2 Short @ 704.20 --> + 0.5

<Brutus> Risk to Global Growth" before the Global Interdependence

Center's Central Bankers series in Philadelphia

1315/1815 Atlanta Fed Pres Lockhart speaks at the University of

Alabama's 2008 Economic Outlook Conference in Montgomery,

Ala.

1630/2130 Money Supply

<NihabaAshi> Good exit for me in light I'm having some software problems with my entire system. 09:51

Will do a big shut down...back in 10 or 15mins.

* NihabaAshi is now known as NihabaAshi_away

* DisconnectedSession Close: Thu Jan 17 09:51:45 2008

Session Start: Thu Jan 17 10:13:59 2008Session Ident: #futurestrades

* Now talking in #futurestrades 10:13

<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm 10:14

<startrader> Long ES @ 1372

Long ES @ 1371.50 -> Add 10:15

Need ot hold that line. 10:16

<szubaark> Limit to Cover Short ES @ 1369.25 «« paper »» 10:17

Covered all Short ES at 1369.25 --> + 3 «« paper »» 10:18

<startrader> Exited all ES Long @ 1368.50 --> - 6.5 10:19

<rickf> must not like his testimony

<NihabaAshi> Geeesh...what happen ??? 10:20

<Pepe> Bernake

<NihabaAshi> ER2 is 10 points less than when I last saw it.

Big missed opportunity :(

<pat255> bernake speech ..

<szubaark> Volatility Galore. 10:21

<rickf> no worries niha, i missed it on the es

<Nesi> what a move 10:22

Bernake taking questions now

<GoodMood> Nesi: is he on TV or on radio ? 10:23

<Nesi> tv

<GoodMood> cnn ?

<Nesi> cnbc

<GoodMood> ok

<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) 10:26

<NihabaAshi> Shorts ER2 @ 692.50 -> medium size 10:32

come one...move 10:33

I want to get me target on this trade alone and call it quits... 10:34

Too much data problems today :(

<szubaark> Buys ES @ 1359.50 «« paper »» 10:35

<NihabaAshi> Covered ER2 Short @ 689.40 --> + 3.1

Holding 1 contract only and I've reached my profit goal for the day.

<szubaark> Exited all Long ES at 1361.25 --> + 1.75 «« paper »» 10:36

<NihabaAshi> Covered Remainder ER2 Short @ 692.00 --> + 0.5 10:41

<startrader> Long ES @ 1364.75 -> small size 10:57

Exited all ES Long @ 1368 --> + 3.25 10:58

<TraderO> Long ES @ 695.5 11:02

<eminitrader> back

<szubaark> did u catch that selloff? 11:03

<eminitrader> have 3 screens with around 24 charts and 3 time & sales running simeltaneously...so sometimes my screen freezes...so i try to get more bandwidth by signing off 11:04

exit 1 for a 20 @ 1462

Covered Remainder ES Short @ 1462 --> - 80

Covered Remainder ES Short @ 1362 --> + 20

thas better :)

<pat255> wtg em 11:05

<TraderO> Exited ER2 Long @ 696 --> + 0.5

<Brutus> WTG emt

<szubaark> wow.. nice

<eminitrader> thx guys

waiting for 69.25 11:07

<startrader> Shorts ES @ 1368.25 11:08

<eminitrader> Shorts ES @ 1369.25

Covered 2/3 ES Short @ 1366.25 --> + 3 11:10

<startrader> Covered 1/2 ES Short @ 1365.75 --> + 2.5 11:11

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)

<TraderO> Long ER2 @ 696 11:12

<szubaark> Shorts ES @ 1365.50 «« paper »» 11:15

<Nesi> price going nuts 11:16

<szubaark> exit stop moved to breakeven ES @ 1365.50 «« paper »»

<TraderO> E/ 694.5

<eminitrader> Covered ES Short @ 1364.25 --> + 5

hld 1

<TraderO> Exited ER2 Long @ 694.5 --> - 1.5

<startrader> Covered Remainder ES Short @ 1363.25 --> + 5 11:17

<szubaark> Covered all Short ES at 1363 --> + 2.5 «« paper »»

<startrader> Long ES @ 1361.75 11:24

Exited all ES Long @ 2 --> - 1359.75 11:27

* codehead_afk is now known as codehead 11:30

<eminitrader> Covered Remainder ES Short @ 1362.25 --> + 7

i;m done guys...good trading all

<startrader> me too for awhile, this could drift aimlessly on this volume. 11:32

<rickf> back now 11:59

wow....been papertrading the n225 this week as an experiment -- too bad it's not 'real' money :( 12:01

<Guest35179> Shorts ER2 @ 688.1 12:03

Covered all ER2 Short @ 686.9 --> + 1.2 12:05

<rickf> k all out for another meeting. back later -- gl all 12:17

<Guest35179> Shorts ER2 @ 687.9 12:22

<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) 12:29

<Guest35179> Covered all ER2 Short @ 689 --> - 1.1

Long ER2 @ 688.8 12:44

Exited all ER2 Long @ 690.1 --> + 1.3 12:48

<Pepe> anyone trade ZB?? 12:50

<silo> is that oil? 12:54

<TraderO> Long ER2 @ 688.7 12:56

<NihabaAshi> Pepe...I watch ZB every trading day...its one of my Swing Trading instruments although I'm currently not in a swing trade. 13:00

<TraderO> Exited 1/2 ER2 Long @ 688 --> - 0.7 13:01

<Pepe> Thanks Nihaba, I trade ZB too for swing trading. For 60 min chart. 13:02

<TraderO> Exited Remainder ER2 Long @ 690 --> + 1.3 13:12

<Guest35179> Shorts ER2 @ 693.5 13:19

Covered all ER2 Short @ 692.6 --> + 0.9 13:20

<startrader> Nice ivb on the 15 min and now closing on the 60 min. 13:28

<Guest35179> Shorts ER2 @ 695.2 13:44

Covered all ER2 Short @ 693.9 --> + 1.3 13:46

<robert> thnx star 13:47

<Nesi> wow 13:48

news?

<werner> i see nothing :( 13:52

<startrader> Long ES @ 1356 13:54

Long ES @ 1355.50 13:55

Exited 1/2 ES Long @ 1358 --> + 2.5 13:58

The entry was the close of the 11:30 est 60 min bar, back in the ivb-55.50. Hoping this breakout can run to 66. 14:02

Exited Remainder ES Long @ 1356.25 --> + 0.75 14:05

<robert> ivb?

<startrader> inside vertical bar. 14:06

<robert> thnx

<Guest35179> Long ER2 @ 691.2

<startrader> still holding one from 55.50.

Fear here being is they are sucking in longs to slam it down again. 14:08

<Guest35179> Exited all ER2 Long @ 690.7 --> - 0.5 14:10

<startrader> Long ES @ 1453 14:12

big stop but going for 9 pts minimum. 14:14

<pdays> u mean 1353? Star

<startrader> Long ES @ 1350.50 -> Add 14:18

very risky but big r/r. 14:19

stop was 4+ pts on original entry only 1, added 2 at 30.50. 14:20

<Guest35179> Long ER2 @ 685.3 14:30

<startrader> Exited all ES Long @ 1349 --> - 105.5 14:32

<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) 14:35

<Guest35179> Exited all ER2 Long @ 684.4 --> - 0.9 14:37

<Trader> Shorts ER2 @ 684 14:40

<Nesi> look bid NQ 14:46

someone showing 2600

ask i mean

<Trader> Covered 1/2 ER2 Short @ 686 --> - 2 14:48

<Guest35179> Shorts ER2 @ 687.8 14:52

<Trader> Covered Remainder ER2 Short @ 687 --> - 3 14:58

<Guest35179> Covered all ER2 Short @ 686.9 --> + 0.9 14:59

<startrader> Shorts ES @ 1355 15:08

Covered 1/2 ES Short @ 1352.75 --> + 2.25 15:09

<rickf> nice star

<startrader> Covered Remainder ES Short @ 1351.50 --> + 3.5 15:11

needed some redemption for trying to buy bottoms:) 15:12

<rickf> am on a CC right now -- just watching the action :(

<Guest35179> Shorts ER2 @ 686.4 15:23

Covered all ER2 Short @ 685.9 --> + 0.5 15:25

<rickf> short es 1341 15:30

exit 1339.25 15:32

<NihabaAshi> #FuturesTrades Purpose -> No gurus, no head traders...you're here to document your own trades and thoughts as you traverse from one trade to the next trade because it provides critical information you cannot get from your broker statements (real money or simulator)...use this room as your trade journal.

* rickf used a 2pt trailing stop, could've kept more

<Guest35179> Long ER2 @ 683.3

<NihabaAshi> Chat Room Logs Reminder -> #FuturesTrades chat room trade posting archived logs are posted @ http://www.thestrategylab.com/RecentTrad es.htm (today's log will be updated tonight by 9pm est)

<Guest35179> Exited all ER2 Long @ 684.7 --> + 1.4 15:36

WRB Analysis

Learn More

<werner> gn all 15:40

<startrader> Long ES @ 1341.50 15:43

* GoodMood is now known as Fed 15:47

* Fed is now known as GoodMood 15:48

<rickf> gn all -- tty tomorrow 15:58

<Brutus> ============ U.S. MARKETS ACTION =========== 16:03

DJIA down 312.45 points to 12152.71

NASDAQ down 47.94 points to 2346.01

S&P 500 down 40.43 points to 1332.72

10-year T-note up 98/32 at 105 4/32 yield 3.622

NYMEX Spot Crude down $0.71 at $90.13/bbl at close

Dollar/Euro down 0.0001 at 1.4651

http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={2769b cc5-84fd-4238-82a5-b4647d262674}

gn all 16:11

<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) 16:38

* DisconnectedSession Close: Thu Jan 17 19:38:25 2008 19:38

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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.