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#FuturesTrades February 11th Monday 2008 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+16.00	+151.40	+568.90
$1,600	$15,140	$56,890

Profitable Trade

0939am - 0946am est

Losing Trade

0935am - 0938am 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 Feb 11 09:19:21 2008Session Ident: #FuturesTrades

* Now talking in #FuturesTrades 09:19

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

<NihabaAshi> I've lower my profit goals for the day from 2k to $500 today. 09:22

Spouse is a little sick so I'll be helping a lot today with taking care of the kids :(

<futurible> gm all 09:23

<werner> back home ,gm niha ,all

<PapaJon> gm all

<NihabaAshi> Thus, just a part-time trading day for me today.

<rickf> gm all 09:24

<Brutus> GM everyone 09:25

http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={aecfc af4-002c-4eb1-a0b7-c4d9f93692f4} 09:28

<Nesi> hi all, good trading 09:29

<drt> gm everyone

<ripsboy> gm folks... 09:30

* subq market profile charts for today - http://www.charthub.com/chart/search/mpc hart 09:31

<NihabaAshi> Low volatility out of the gate :( 09:34

Long ER2 @ 698.60 -> medium size 09:35

<les> Long ER2 @ 699 «« paper »» 09:36

<Pepe> OIL hepls you 09:37

and Gold

<Nesi> Shorts ER2 @ 698.20 «« paper »»

<NihabaAshi> Exited ER2 Long @ 697.50 --> - 1.1 09:38

Shorts ER2 @ 696.80 -> medium size 09:39

<Nesi> Covered all ER2 Short @ 695.50 --> + 2.7 «« paper »»

<szubaark> Shorts ES @ 1331 «« paper »»

Volatility spike 09:40

<les> Exited all ER2 Long @ 697 --> - 2 «« paper »» 09:41

sorry, late

Shorts ER2 @ 694.5 «« paper »»

Covered 1/3 ER2 Short @ 693.5 --> + 1 «« paper »»

<NihabaAshi> Covered 3/4 ER2 Short @ 692.70 --> + 4.1 09:42

I guess my bullish bias is out the window.

<Pepe> wow 09:43

Nice

<szubaark> exit stop moved to breakeven ES @ 1331 «« paper »»

<NihabaAshi> I still have help from Oil and Gold on my remaining Short contract.... 09:45

Thus, will continue holding

<szubaark> Covered all Short ES at 1327 --> + 4 «« paper »»

<les> Covered 1/3 ER2 Short @ 691.2 --> + 3.3 «« paper »»

<NihabaAshi> Another WRB level is reached

Covered Remainder ER2 Short @ 690.90 --> + 5.9 09:46

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)

<szubaark> after a Long Volatility contraction which caused me to exit sooner

Nice Niha.

<werner> wow 09:48

<les> Covered Remainder ER2 Short @ 693.3 --> + 1.2 «« paper »» 09:50

<szubaark> Buys ES @ 1324 «« paper »» 09:53

<les> Long ER2 @ 693.7 «« paper »» 09:56

<szubaark> exit stop moved to breakeven ES @ 1324 «« paper »»

<NihabaAshi> volatility getting lower

<szubaark> Exited all Long ES at 1324 --> 0 «« paper »» 09:57

Buys ES @ 1324.75 «« paper »» 09:59

<les> Long ER2 @ 691.2 -> Add «« paper »»

<szubaark> Exited all Long ES at 1324.75 --> 0 «« paper »» 10:04

<NihabaAshi> more pressure on the DAX 10:07

Shorts ER2 @ 691.10 -> small size 10:08

<szubaark> Buys ES @ 1323.50 «« paper »»

<les> Exited all ER2 Long @ 991.1 --> + 597.3 «« paper »» 10:10

oops

Exited all ER2 Long @ 691.1 --> - 2.6 «« paper »»

<NihabaAshi> I'm losing my support on this Short 10:11

Covered ER2 Short @ 690.90 --> + 0.2 10:12

Long ER2 @ 693.10 -> small size 10:25

Another tough trade in this low volatility 10:26

<whiplash> looks like its figthing hard to hold last weeks lows

<NihabaAshi> Exited ER2 Long @ 694.40 --> + 1.3 10:29

<szubaark> small volatility spike here 10:33

<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) 10:44

<NihabaAshi> Long ER2 @ 694.50 -> small size

1 only

<szubaark> Extremely low Volatility 10:45

<NihabaAshi> 3 back to back tough trades

<szubaark> Hopefully i can catch a WRB PT

exit stop moved to breakeven ES @ 1323.50 «« paper »» 10:46

<NihabaAshi> Exited ER2 Long @ 695.00 --> + 0.5 10:47

Got a WRB pt1 but for about a minute I though I would capture more...didn't happen. 10:48

<whiplash> What is PT or pt1?

<NihabaAshi> profit target = pt

pt1 = firs primary target 10:49

meant first primary target

no fixed targets...all targets relates to WRB's (wide range bodies).

http://www.thestrategylab.com/WRBAnalysi s.htm 10:50

<szubaark> Exited all Long ES at 1323.50 --> 0 «« paper »»

Shorts ES @ 1323.50 «« paper »»

<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. 10:52

Be back later... 10:54

* NihabaAshi is now known as NihabaAshi_away

<whiplash> Which charts are the best for WRB analysis for day trading? interval, volume, or tick?

<NihabaAshi_away> Doesn't matter 10:55

* cwellsi shorts ER 697.1 & ES 1331.25 11:15

* codehead_afk is now known as codehead 11:20

<Nesi> wow oil 11:26

<codehead> wowow

just saw that too

vertical

94.7--that was insane 11:27

<Nesi> anyone here using sierracharts ? 11:30

* NihabaAshi_away is now known as NihabaAshi 12:19

<NihabaAshi> Shorts ER2 @ 696.80 -> small size

:( 12:21

<KiwiRoo> HI all.. 12:22

[03:29] <+Nesi> anyone here using sierracharts ? .. I am..

<NihabaAshi> Covered ER2 Short @ 696.60 --> + 0.2 12:24

trade error on the entry and I got some distractions here = lucky trade

Be back later

* NihabaAshi is now known as NihabaAshi_away 12:25

<KN-ES> srt 1331 12:33

out 32 12:34

rev

out 33 1.00 12:35

7/8

out 1 34 +2.00 12:36

s/l 31

s/l 35 12:47

<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)

<KN-ES> s/l 35 (+3.00)

out all 39.25 ....... + 7.25 12:48

<werner> nice 12:49

<KN-ES> thanks werner

<Andy> agree

<KN-ES> srt 38 12:50

sz

add 39 12:58

out 7/8 39 38.50 +0.50 d 12:59

out 39.25 13:00

lost the track in the middle, just a b/e

srt 41

<KiwiRoo> 42.50 is next big thing. 13:02

<KN-ES> yes

it was loosing volume rapidly

then ...

had to enter the 2nd trade to make the first one b/e

<KiwiRoo> they probably will creep it up slowly to there. 13:03

given the type of day it is..

<KN-ES> :)

i think its a nice day

out 7/8 40 + 1.00 13:04

<KiwiRoo> nice shorting against the grind..

<KN-ES> now this trade will be more interesting

<Andy> Shorts ER2 @ 70120 13:05

<KN-ES> our 1 39.00 +2.00

<KiwiRoo> turns out to be a good trade once again :) 13:06

<KN-ES> :)

alteast now I have a breathing space

<Andy> Shorts ER2 @ 701.2

<KN-ES> 2 con holding, lets see how it goes

<KiwiRoo> 39, 37, 36 are your barriers.. 13:07

<KN-ES> yes

need to break that 36 13:08

<Andy> Covered all ER2 Short @ 700.2 --> + 1

<KN-ES> good job Andy

<Andy> thanks KN, just dipping toes in the water :) 13:09

<KN-ES> :)

same here

<KiwiRoo> yeah.. nice trade andy. quick money :P 13:10

<Andy> thanks Kiwi

<KN-ES> out 1 37.75 ......... +3.25 13:12

s/l 42.50

its loosing strength

add 39.25 13:13

2 con

1 con

out 39.25 37.75 ......... + 1.50 13:18

s/l 41

<Nesi> BUSH tv 13:19

<KN-ES> then I am good :)

srt 38.50 13:22

<rickf> short es 1338.25 paper (delay) 13:23

<KN-ES> out 7/8 37.25 ...... 1.25

<rickf> exit es 1338 paper +.25 (paper) 13:27

<KN-ES> out 38.50 38.00 ......... 0.00 13:28

srt 39.50 13:29

s/l hit 13:30

srt 41.75

<cwellsi> i mentioned last to watch for a runup into opex to kill the puts...too many puts in the mix 13:31

<KN-ES> out 1/2 40.75 ........... +1.00

out 3/4 39.25 ............ +2.25 13:33

s/l 42.75 13:34

that filled at 39.50

<Andy> divergences emd/es - er 13:35

<KN-ES> and nq es 2 min 13:36

<cwellsi> last week 13:38

<KN-ES> looking for 33.75

:)

add 40.50 13:41

out 7/8 40.50 39.50 ........... +1.00 13:43

out 40.50 40.25 ........... 0.25 13:52

<rickf> noodle mode now :| 13:53

<KiwiRoo> triangle on es. 13:55

<KN-ES> 42 or 37.50 .... will b/o either way 14:00

out 1 41.75 38.25 ........... + 3.50 14:05

<KiwiRoo> gw. 14:06

<KN-ES> thanks KiwiRoo 14:09

srt 41 14:14

otu 7/8 40.00 ........... + 1.00

missed last 2 times

out 1 38.50 .......... +2.50 14:15

<KiwiRoo> ho ho.... this market is like ur playground now.. 14:16

<KN-ES> limit 1 out 41.00 37.75 ...

out 1 41.00 37.75 + 3.25 14:17

limit 36.75 14:19

out last 41.00 36.75 .............. + 4.25 14:20

<KiwiRoo> nice trade. 14:22

<KN-ES> thanks

if only if it breaks 36

limit 35.50 14:29

and 33.50 14:30

out 1 41.75 35.50 .............. + 6.25 14:31

s/l 39.75 (+1.00) 14:33

<szubaark> Covered all Short ES at 1335.50 --> - 12 «« paper »» 14:40

that ramp up with no pullbacks was amazing. 14:42

<KN-ES> trying to get to 38 again!

you were standing at he edge of the resistance

add 37 14:46

<KiwiRoo> nice call on the 38. 14:47

<KN-ES> should have been 38

the entry

early entry

<szubaark> nice trades KN

<KN-ES> thanks szubaark 14:48

<Andy> KN has been kicking it

<KN-ES> its a safe trade now even it it goes back to 39.75

:)

<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) 14:53

* silo[zZ] is now known as silo 14:59

<KN-ES> out 11/12 37.00 36.00 ........ +1.00 15:02

out last 37.00 37.00 0.00 15:04

srt 38 2 con 15:06

add

out 1 36 ........... + 2.00

add 38 2 con 15:09

s/l hit 15:11

srt 40.50

out 7/8 39.50 ............... + 1.00 15:12

s/l 42.50

srt 41 1 con

out 40 +1.00 15:13

add 40 15:14

out 7/8 39.00 ................... + 1.00 15:16

s/l 41.75 15:20

s/l hit 15:21

srt 41.25

out 11/12 40.25 .............. +1.50 15:22

* sep34 is now known as sep34_away

WRB Analysis

Learn More

* cwellsi shorts ER 702.7

<KN-ES> out last 39.25 .............. 2.00 15:23

srt 4150 2 con

srt 1 con 42 15:24

* cwellsi shorts ES 1342

<KN-ES> out 1 42 41 ......1.00 15:25

out 1 41.50 40.50 ........... +1.00

limit 38 15:26

s/l 43

* cwellsi covers EE 1339.75 +2.25 15:31

<cwellsi> ES

<KN-ES> nice trade

* cwellsi covers ER 702 +.7

<KN-ES> add 41 15:32

1 con

<cwellsi> thanks...not much action on the downside :(

<KN-ES> out 41.00 39.00 ................ +2.00

* cwellsi shorts ER 702.1 15:33

<KN-ES> in this market, thing chages so quick

<cwellsi> yes ..still think big will be on the buy side this week with some wild opex action thrown in between 15:34

big=bid

<KN-ES> yes

But, I guess there will a stop hunt first 15:35

<cwellsi> way too many itm puts

<KN-ES> yes 15:36

and majority is always wrong in options

<cwellsi> yup

<KN-ES> limit out 40.50 38.00 ................ +2.50 15:38

limit out 41.50 38.00 ................ +2.50

* cwellsi covers ER 700 +2.1

<KN-ES> srt limit 39 15:39

out 3/4 39.00 38.00 ............ +1.00 15:40

s/l 40

out 1 39.00 36.75 ............ +2.25 15:43

tp1 35.75 tp2 36.75 15:44

tp2 34.75 15:46

* cwellsi buys ES 1337.5 15:47

sells ES 1338.5 +1 15:48

<KN-ES> looks like it will try 41 again 15:51

srt 40 15:56

out 7/8 39 ............. + 1.00 16:00

finally

<cwellsi> lol 16:01

<KN-ES> s/l 41 16:02

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

DJIA up 44.31 points to 12225.46

NASDAQ up 12.32 points to 2317.17

S&P 500 up 6.43 points to 1337.79

10-year T-note up 75/32 at 99 0/32 yield 3.616

NYMEX Spot Crude up $1.77 at $93.54/bbl at close

Dollar/eruo o up 0.0017 at 1.4521

http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={670e5 c63-622b-47ce-a278-8701c5e3d365}

<werner> gn all 16:04

<cwellsi> uneventful eod 16:06

<ripsboy> KN-ES...what is srt? 16:08

<KN-ES> short

<ripsboy> thx...

<KN-ES> u welcome 16:09

<Brutus> good trading KN

gn all

<ripsboy> KN-ES by the way...excellent trading.. 16:10

<KN-ES> thanks

ripsboy

<whiplash> jeff 16:11

<KiwiRoo> Nice trade today once again KN. 16:17

nice trading*

<KN-ES> :) 16:19

thanks

looks like we will have a gap shortly 16:23

<Andy> KN, I am impressed by your endurance...you are the Everready Bunny of FuturesTrades...:)

Were you always able to work a full day like this? 16:24

<KN-ES> :) 16:25

once you are set, you are ready back to back trades

it takes sometime though get on the same pace with the market 16:26

<Andy> Once the stress of strategy is resolved, back to back trades become easier...?

<KN-ES> yes

you already know whats happeing, how the traders reacting

and ofcourse the levels of s/r

out 1 37.75 ........................ + 2.25 16:34

<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) 16:56

<KN-ES> out last 40.00 37.25 ........................ + 1.75 17:23

its not going anywhere 17:24

* DisconnectedSession Close: Mon Feb 11 20:21:42 2008 20:21

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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

CBOT mini-sized Dow Futures YM

Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50

Eurex Fixed Income Derivatives BUND, BOBL and Schatz

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CME Futures EuroFX EC

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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

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