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#FuturesTrades January 31st Thursday 2008 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+30.40	+417.50	+417.50
$3,040	$41,750	$41,750

Profitable Trade

0949am - 0959am est

Losing Trade

1048am - 1054am 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: Thu Jan 31 09:28:50 2008Session 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.. 09:29

gm em how have u been.. 09:31

<szubaark> pat, eminitrader keeps getting disconnected

<pat255> dang ..em should buy a new puter ..

<drt> gm all 09:32

<ripsboy> gm folks... 09:33

<PapaJon> could be weather related...

michigan is very cold right now

we had a 3 day power outage a weak or so ago 09:34

and thats in calif

<NihabaAshi> geeesh :(

Missed a great entry

<Pepe> :( 09:35

<NihabaAshi> I even had my finger on the trigger...

:(

<Pepe> :((( 09:36

<NihabaAshi> It doesn't happen like that too often when I'm unble to squeeze off a shot when I have a target in sight. 09:37

<werner> gm all 09:39

<pat255> N u bullish in AM?

<szubaark> Buys ES @ 1340 «« paper »» 09:40

<NihabaAshi> Long ER2 @ 688.20 -> medium size 09:49

sneaky little booger

It got me once but not a second time

Exited 3/4 ER2 Long @ 690.80 --> + 2.6 09:53

Trading Edge:
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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)

<pat255> vn N ..

<NihabaAshi> Glad I caught something after missing the first Long signal :) 09:54

A trade I would still be holding :(

<szubaark> gave nice pullback for re-entry

exit stop moved to breakeven ES @ 1340 «« paper »» 09:57

<NihabaAshi> Exited Remainder ER2 Long @ 695.10 --> + 6.9 09:59

<szubaark> Exited all Long ES at 1346 --> + 6 «« paper »»

<Pepe> wow

<werner> wow nice

<Pepe> very very nice NIha

nice Szubark 10:00

<szubaark> thanks

<NihabaAshi> Yeah...just in time because I'm nursing a pinch nerve in my upper back after a weird twisting motion last night via picking up the toddler.

<pat255> :( 10:01

<NihabaAshi> Be back later...going to get some ice, lay on the floor and take it easy :(

* NihabaAshi is now known as NihabaAshi_away

* cwellsi shorts ER 694.1 10:02

<Brutus> vn guys 10:06

<startrader> Shorts ES @ 1349.75 10:14

<szubaark> Shorts ES @ 1349.25 «« paper »»

* cwellsi shorts ER 697.9 add

shorts ER 696.6 add 10:17

<szubaark> exit stop moved to breakeven ES @ 1349 «« paper »» 10:20

* cwellsi shorts ER 695.6 add 10:22

<KiwiRoo> ai yi yie yei.... chop chop chop.. 10:23

this is friggin tough..

<szubaark> Covered all Short ES at 1349 --> + 0.25 «« paper »» 10:28

<NihabaAshi_away> Shorts ER2 @ 696.10 -> small size 10:35

* NihabaAshi_away is now known as NihabaAshi

<szubaark> Shorts ES @ 1348 «« paper »» 10:36

<startrader> yesterdays close and bottom of floor value area at 50.25. and close to 38% retrace.

<NihabaAshi> Covered ER2 Short @ 694.00 --> + 2.1 10:37

<Trader> Shorts ER2 @ 693.8

<NihabaAshi> Luck exit considering my trade entry was an error (saw something in the price action that really wasn't there).

<pat255> geez to hold an etry in er2 is tuff ... 10:39

great patience cw..

i need to get some spine to hold trade

<cwellsi> haha pat...screen time will cure that problem 10:40

<pat255> true ...

man u guys are tuff traders .. 10:41

<szubaark> exit stop moved to breakeven ES @ 1348 «« paper »» 10:42

<pat255> i need to stick to ES so as not get an heart attcak ...

<cwellsi> 693 sup needs to break for more down

<szubaark> Looking more and more like chop

<pat255> y ..

<cwellsi> oil very weak 10:45

<pat255> been losing for the last week or so

look at this vol 10:46

<cwellsi> some technicians have 70 as a target

for oil

<pat255> i c...

<NihabaAshi> Shorts ER2 @ 695.20 -> small size 10:48

<cwellsi> 2nd LH for ER

<szubaark> Covered all Short ES at 1348 --> 0 «« paper »» 10:50

Buys ES @ 1347 «« paper »» 10:53

<NihabaAshi> Covered ER2 Short @ 696.20 --> - 1 10:54

Long ER2 @ 697.00 -> medium size 10:55

<szubaark> exit stop moved to breakeven ES @ 1347 «« paper »»

hopefully i can catch a WRB to upside

<NihabaAshi> Exited ER2 Long @ 697.10 --> + 0.1 10:57

:( 10:58

Trailing stop got rudely "picked pocketed" before they ran it up again :(

<szubaark> Exited all Long ES at 1351.25 --> + 4.25 «« paper »»

<pat255> gap filled sigh 10:59

* cwellsi shorts ER 699.5 add

<startrader> Shorts ES @ 1454 11:00

<szubaark> Shorts ES @ 1353.25 «« paper »» 11:03

<pat255> es DT 1355 & retraded 11:08

<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) 11:09

<NihabaAshi> Shorts ER2 @ 699.90 -> small size 11:16

* cwellsi shorts ES 1351.5

<szubaark> exit stop moved to breakeven ES @ 1353.25 «« paper »» 11:18

<NihabaAshi> Covered ER2 Short @ 700.30 --> - 0.4 11:19

Reverse and Enter Long ER2 @ 700.30

<szubaark> Covered all Short ES at 1353.25 --> 0 «« paper »»

<pat255> c u guys later ty all 11:20

<NihabaAshi> Exited 1/2 ER2 Long @ 702.80 --> + 2.5 11:21

<szubaark> Shorts ES @ 1355.25 «« paper »» 11:22

* cwellsi shorts ER 703.9 add 11:23

<szubaark> Covered all Short ES at 1354.75 --> + 0.5 «« paper »» 11:24

have to leave..

* szubaark is now known as szubaark_away

<NihabaAshi> Exited Remainder ER2 Long @ 705.00 --> + 4.7 11:26

<startrader> Shorts ES @ 1358

<NihabaAshi> Amazing...I've missed two big trades today and I still reached my profit goal for the day. 11:27

That's only because of the excellent volatility.

On that note...I'm officially in profit protection mode. 11:28

1 contract only for the remainder of the trading day.

<cwellsi> strong bid under market 11:32

* cwellsi shorts ES 1360.75 11:33

<cwellsi> massive buy program 11:53

* cwellsi shorts ER 711.4 add 11:55

shorts ES 1373.5 add 11:56

<Brutus> every6ne had the post FOMC shrt bias 11:57

<Andy> cwells, how are you measuring the bid under market? Price action?

<Brutus> this area is a good pullback point

<cwellsi> ansy...every pullback being bought 11:58

andy

<Andy> got it, thanks

<szubaark_away> Shorts ES @ 1365.25 «« paper »» 12:19

<cwellsi> DOW 12500 back in play 12:31

<szubaark_away> Covered all Short ES at 1360 --> + 5.25 «« paper »» 12:56

<Pepe> very nice szubaark! 12:57

<szubaark_away> thanks... 12:58

<Brutus> nice one szu

<szubaark_away> pretty good followhtru today the day AFTER FOMC announcment. Usually its crap.

<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) 13:12

<werner> i am on ski holiday,good trading all and see you all in 2 weeks 14:07

<Andy> have fun,werner and enjoy the slopes

<NihabaAshi> Shorts ER2 @ 709.20 -> small size

1 only

<werner> thnx andy

<NihabaAshi> volatility contracting 14:10

Covered ER2 Short @ 709.80 --> - 0.6 14:11

Reverse and Enter Long ER2 @ 709.80

Exited ER2 Long @ 711.20 --> + 1.4 14:14

<nqlove> Niha u seem to real quickly 14:20

<NihabaAshi> Long ER2 @ 712.90 -> small size 14:35

some chasing there...hope I don't pay the price for such.

That's makes the 3rd trade of the day where I missed a great entry :( 14:36

Exited ER2 Long @ 711.90 --> - 1 14:37

Too slow on the position reversal to get it going.

Long ER2 @ 712.50 -> small size 14:46

another chaser by 7 ticks but its working in my favor so far 14:47

Holding a little longer because I got Gold on my side

Still waiting for Oil to help 14:48

Exited ER2 Long @ 714.10 --> + 1.6 14:49

Wanted to stay Long but some data problems showed up :( 14:50

<szubaark_away> Sloppy Price Action so far 14:52

<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) 15:18

<NihabaAshi> Shorts ER2 @ 718.20 -> small size 15:52

geeesh...

Didn't expect that drop...my target was only a few ticks. 15:53

Getting much more than that now.

:)

Keep falling baby

<Andy> wow

<Nesi> must be news or rumors 15:54

<NihabaAshi> News ???

<Nesi> amazing

<Andy> how about every stop on the exchange :)

<NihabaAshi> Covered ER2 Short @ 712.90 --> + 5.3

Wow

If that's a stop runner...its a nice one.

WRB Analysis

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<Nesi> looks like yesterday 15:55

this thing looks lower

this is not "normal"

<NihabaAshi> I was expecting the usual pre-close volatility... 15:56

However, this went beyond that normal type of pre-close volatility spike.

<cwellsi> MBIA got cut to AA

<Andy> gold and oil are your friends

<Nesi> MBIA again :)

back to square one again 15:57

<Andy> yes, the bond insurers are going down and with it the house of cards...

<cwellsi> MBIA exec talk all day was main reason for todays rally

<Nesi> panic stronger than greed :) 15:58

we end lower :)

<cwellsi> still mighty green

<KiwiRoo> ROFL LOL .. WHAT A MOVE. 15:59

<Nesi> google tonight

<cwellsi> can't complain about a dull market :}

<Nesi> ding ding ding

looks like fomc now :) 16:00

<cwellsi> i was incorrect in my post...FGIC was cut to AA 16:01

<Nesi> wow stil going

<cwellsi> MBIA may be cut to AA 16:02

<NihabaAshi> Geeesj

<Nesi> my my look at that

<Andy> no support until 702

<NihabaAshi> I want my Short position back :)

<Nesi> looks like yesterday at 2:15

<cwellsi> holy moly

<Nesi> amazing

<cwellsi> volatility to the max x 2

<Nesi> lets look when google gives numbers 16:03

<Andy> Niha, everyone wants your short position back :)

<NihabaAshi> :)

<cwellsi> goog selling

<Brutus> 01/31/2008 16:03 *DJ Google 4Q Google Sites Rev $3.12B Vs $1.98B >GOOG 16:04

<Nesi> google out

<cwellsi> down 50 from today's high

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

DJIA up 230.29 points to 12673.12

NASDAQ up 48.59 points to 2397.59

S&P 500 up 26.23 points to 1382.04

10-year T-note up 14/32 at 105 6/32 yield 3.617

NYMEX Spot Crude up $0.58 at $91.75/bbl at close

Dollar/Euro up 0.0006 at 1.4866

http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={15326 e33-1d5e-4eaa-b702-5d4776943b1e} 16:05

<Nesi> DJN: PRESS RELEASE: S&P Cuts FGIC To AA; MBIA, XLCA On Watch Neg 16:07

(Dow Jones 01/31 16:04:36)

<Brutus> gn everyone 16:15

<NihabaAshi> That was a fun pre-close to trade and watch. 16:25

On that note...take care and see all tomorrow

* NihabaAshi is now known as NihabaAshi_away 16:33

* DisconnectedSession Close: Thu Jan 31 16:36:54 2008 16:36

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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

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CME Futures EuroFX EC

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

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