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#FuturesTrades February 12th Tuesday 2008 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+11.90	+163.30	+580.80
$1,190	$16,330	$58,080

Profitable Trade

0944am - 0953am est

Losing Trade

0933am - 0933am 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 Feb 12 08:55:19 2008Session Ident: #futurestrades

* Now talking in #futurestrades 08:55

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

<Pepe> gm all 08:57

<pat255> gm all

<Pepe> any news at 8:00am??

<pat255> missed trading ..:(

<werner> buffet.... pepe 09:01

<Pepe> buffet in TV?

<werner> no said somting about the market

<Pepe> ok 09:02

How you know about it?

<werner> cnbc 09:03

<Pepe> ok thanks

<werner> now on cnbc

<Brutus> 02/12/2008 08:09 *DJ Buffett: Offered To Reinsure Municipal Bond Portfolios

02/12/2008 08:09 *DJ Buffett: Sent Offer Last Week To Ambac, MBIA, FGIC

02/12/2008 08:27 DJ Buffett: Offer Would Cover $800 Bln In Municipal Bonds

* subq market profile charts today - http://www.charthub.com/chart/search/mpc hart 09:15

<PapaJon> gm all 09:22

<rickf> gm all 09:25

<ripsboy> gm all... 09:29

<rickf> gm all

<drt> gm everyone 09:30

<lumenPharmer> gm

<KiwiRoo> 2sided open.... oy yoi yei.. 09:32

great for shoty now...

<NihabaAshi> Shorts ER2 @ 702.70 -> large size 09:33

Covered all ER2 Short @ 703.50 --> - 0.8

<szubaark> Shorts ES @ 1348.25 «« paper »» 09:35

<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)

<rickf> shorted er2 704.5 (paper)

<NihabaAshi> Shorts ER2 @ 703.90 -> large size

<rickf> sorry for delay, working on different machines

<NihabaAshi> Most of those contracts are at 703.80 except for one...will make correction 09:36

<KiwiRoo> huge pressue on the sell from the tape..

<NihabaAshi> Shorts ER2 @ 703.80 -> large size

Covered all ER2 Short @ 703.50 --> + 0.3 09:38

be right back...lost a big profit on that trade due to some distractions. 09:39

* NihabaAshi is now known as NihabaAshi_away

<pat255> :(

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)

<rickf> exit er2 @ 702.4 +2.1pts paper 09:40

* NihabaAshi_away is now known as NihabaAshi 09:41

<szubaark> Covered all Short ES at 1348.25 --> 0 «« paper »» 09:42

<cwellsi> zig zag mania :) 09:44

ER

<rickf> short er2 704.7 paper

<NihabaAshi> Long ER2 @ 704.10 -> large size

:( 09:46

<KiwiRoo> thats a good long now... 09:48

<NihabaAshi> Only if I can exit :(

<cwellsi> still strong bid into opex 09:49

<KiwiRoo> its still going hard now.

<NihabaAshi> Exited ER2 Long @ 706.40 --> + 2.3

<KiwiRoo> nice..

<cwellsi> 1320 was tested again and held

<NihabaAshi> Holding 1 contract

May be my last trade of the day...

<szubaark> Shorts ES @ 1351 «« paper »»

<NihabaAshi> Got some family distractions and weird data problems.

:(

<cwellsi> GS selling...will watch for possible market reversal 09:51

<pat255> y .. 09:52

<NihabaAshi> Exited ER2 Long @ 705.30 --> + 1.2 09:53

Reverse and Enter Short ER2 @ 705.30

* cwellsi shorts ER 705.5

<NihabaAshi> added 3 contracts

* cwellsi shorts ES 1350.25

<rickf> exit er2 704.3 (paper)

actually had a few points profit on that one where i added at 705.20 09:54

<cwellsi> seems sellers have exhausted themselves

<KiwiRoo> all internals are still on the UPsides btw. 09:58

<cwellsi> GM lost $722 million in Q4 and is green...lol

<KiwiRoo> crazy.. 09:59

<rickf> the "buffett bounce" this morningperhaps?

<cwellsi> yes kiwi...buyside pressure into opex with a little whip thrown in

<NihabaAshi> Covered all ER2 Short @ 704.90 --> + 0.4

Long ER2 @ 705.20 -> small size 10:00

* cwellsi covers ER 705 +.5

<NihabaAshi> 2 only 10:01

<szubaark> no followthru on anything yet

<KiwiRoo> Tough terrain to trade on today.

* cwellsi covers ES 1351.5 -1.25 10:02

<NihabaAshi> Exited ER2 Long @ 705.30 --> + 0.1 10:03

I'm done.

* cwellsi buys ER 705.1

<NihabaAshi> Distractions, minor data problems, two trade errors...

Lucky to be profitable for the day.

Tale to all later. 10:04

* cwellsi sells ER 706.2 +1.1

* NihabaAshi is now known as NihabaAshi_away

<pat255> vn guys

* cwellsi buys ES 1354

<rickf> short es 1354.50 paper 10:05

* cwellsi sells ES 1354.5 +.5 10:06

shorts ER 707.2 10:07

<KN-ES> srt 54.25 es

out 3/4 53.25 ...... +1.00 10:08

s/l 56.25 10:09

<KiwiRoo> gm KN

<KN-ES> gm 10:10

* cwellsi covers ER 707 +.2

<KN-ES> s/l hit 10:11

* cwellsi buys ER 707.5

<KN-ES> srt 57.25

* cwellsi sells ER 708.5 +1 10:13

<pat255> vn cw

* cwellsi buys ER 708

<KN-ES> out 58 10:14

srt 58

out 57.57 10:15

out 57.75

srt 58.25

* cwellsi sells ER 709.1 +1.1

buys ER 708.4 10:16

<Andy> Shorts ER2 @ 708.4

Covered all ER2 Short @ 709.5 --> - 1.1

<KN-ES> s/l 60.25

* cwellsi sells ER 709.5 +1.1 10:17

buys ER 708. 10:18

<cwellsi> 708.8

<KN-ES> s/l 60.50

* cwellsi sells ER 708.9 +.1 10:19

shorts ER 708.7 10:20

<KN-ES> out 3/4 57.25 .......... +1.00 10:23

* cwellsi covers ER 707.4 +1.3 10:24

buys ER 707 10:26

<cwellsi> VIX melting away 10:27

<rickf> VIX is weird indicator these days - with all the inverse etfs out there i wonder how accurate it really is these days aside from a very general sentiment measure 10:28

<cwellsi> very accurate at the extremes but most of these indicators get skewed during opex week like vix, trin, etc 10:29

* cwellsi sells ER 707.5 +.5 10:30

* codehead_afk is now known as codehead

* cwellsi buys ER 707.5 10:32

sells ER 708.6 +1.1 10:33

<pat255> vvvn cw...er2 in am too fast..as usual. 10:35

<cwellsi> thanks pat :) 10:37

not so easy today...very tight & slow 10:38

<pat255> y...

* cwellsi buys ER 707 10:39

<cwellsi> SPX 1354 important level 10:40

* cwellsi sells ER 708.1 +1.1 10:43

shorts ER 710.6 10:48

<pat255> great entries cw ....dang miss 10:50

<cwellsi> here's another op...hehe 10:56

<szubaark> tough back to back trend days

* cwellsi shorts ER 711.6 add

<cwellsi> short is not the right side 10:57

<pat255> y...

* cwellsi covers 711.1 flat 10:58

shorts ER 711.7 11:00

shorts ES 1361.25 11:03

<pat255> later guys ..ty cw 11:07

<pdays> Long YM @ 12446 «« paper »» 11:08

<cwellsi> take care pat 11:09

<pdays> Exited all YM Long @ 12456 --> + 10 «« paper »»

<whiplash> INDU, NYSE, S&P 500, Russell 2000 moved above 20 day MA. Nasdaq, Nasdaq 100, and S&P 100 are at 20 day MA. 11:14

<szubaark> wonder if they dump it after 2pm Treasury Budget 11:29

<cwellsi> 1360 good spot to watch 11:32

* cwellsi covers ES 1359 +2.25 11:40

covers ER 710 +1.7

<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) 11:41

* cwellsi buys ER 710.3

covers ER 710 -.3 11:59

<cwellsi> sells

* cwellsi buys ER 709.2 12:15

<Andy> Long ER2 @ 709.4

Exited all ER2 Long @ 708.8 --> - 0.6 12:20

<szubaark> NQ selling off 12:23

<Andy> Long ER2 @ 708.3 12:25

<szubaark> now they trapping Longs 12:27

<Andy> Exited all ER2 Long @ 707.2 --> - 1.1

ouch

<szubaark> they whacking Fib pullback Buyers now 12:28

* cwellsi buys ER 706.9 add 12:35

<cwellsi> Yellen's not gellen 12:41

* cwellsi sells ER 707.3 -.7 avg 12:54

* NihabaAshi_away is now known as NihabaAshi 13:03

<NihabaAshi> All it takes is one spammer to ruin things for everybody else. 13:04

On that note...if you are here and you are not a register member...

You must use a password to gain access to #FuturesTrades until further notice.

To gain access to the password...you must join via following the instructions at http://www.thestrategylab.com/FuturesTradesChatRoom.htm 13:05

* cwellsi shorts ES 1356.5 13:06

<NihabaAshi> Register members (its free to join) that forgotten where the password was located at...

It's here as ALWAYS at http://thestrategylab.com/forum/index.ph p?board=39.0

* Retrieving #futurestrades modes... 13:07

<werner> :) 13:12

<NihabaAshi> Long ER2 @ 710.10 -> small size 13:16

I had a lot of support but ER2 trying hard to do its own thing :( 13:18

<szubaark> Covered all Short ES at 1357.50 --> - 6.5 «« paper »» 13:20

Buys ES @ 1357.50 «« paper »»

<NihabaAshi> Exited ER2 Long @ 710.50 --> + 0.4 13:22

* NihabaAshi is now known as NihabaAshi_away 13:23

WRB Analysis

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<NihabaAshi_away> I'm done for the day all...

Although I reached my profit goal for the day...it was still an extremely difficult trading day without all the stuff occurring outside of trading. 13:24

Take care and see all tomorrow...I just don't have my mental game on today :(

<werner> k niha 13:25

<rickf> later niha

shorted er2 @ 711 (paper) 13:31

<szubaark> Exited all Long ES at 1357.50 --> 0 «« paper »» 13:32

Shorts ES @ 1357.50 «« paper »»

<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) 13:44

<rickf> exit er2 @ 709.9 +1.1pts (paper) 13:47

<cwellsi> just curious... paper is simulated trading? 13:51

<Nesi> yes

<rickf> yep

not trading w/real cash until i change brokers

<cwellsi> thanks

* cwellsi shorts ER 712.5 13:52

<Andy> Shorts ER2 @ 713 14:01

<cwellsi> 713.5 R2

<Andy> Covered 1/2 ER2 Short @ 711.7 --> + 1.3 14:08

* cwellsi covers ER 711.4 +1.1 14:10

<Andy> Covered Remainder ER2 Short @ 711.9 --> + 1.1

<KiwiRoo> this is slowww.. 14:13

<szubaark> almost impossible to intraday daytrade

<rickf> had a few pops on the ER but this afternoon i'm happy to break even 14:15

<KiwiRoo> I'm falling back asleep again..z Z z Zz Z

now its moving.... 14:16

* cwellsi covers ES 1335.5 +1 14:17

<cwellsi> sorry 1355.5 14:20

* cwellsi buys ER 709.9 14:25

sells ER 709.5 -.4 14:32

<cwellsi> today's not a fun day :( 14:33

banks/brokers selling 14:34

<KiwiRoo> yeah.. another tough environment. 14:36

<szubaark> exit stop moved to breakeven ES @ 1357.50 «« paper »» 14:39

these creeper trend days are very tough to trade.. we got one yersturday as well 14:41

* cwellsi shorts ER 709.1GS breaking 180 14:42

<cwellsi> woops

* cwellsi buys ES 1352 14:45

<szubaark> Covered all Short ES at 1354.50 --> + 3 «« paper »» 14:46

<Andy> wow 14:47

<szubaark> Im done.. too tough of an environment right now to daytrade.

* szubaark is now known as szubaark_away

* cwellsi sells ES 1355.5 +3.5 14:48

shorts ES 1355 14:49

shorts ES 1358 add 15:00

<KiwiRoo> I've been trying new technique (like KN) fading the move.... working great in this market. 15:03

still practicing so...1point stop.. for 1point target only. 1:1 15:04

* cwellsi covers ES 1353.5 +4.5, +1.5 15:05

<cwellsi> 3x bottom ES 15:07

<KiwiRoo> Yup....

<cwellsi> i'm not buying it! 15:08

<KiwiRoo> lol.. I got in at limit on the low. 2ticks stop.. works well 15:09

<cwellsi> well done 15:10

<KiwiRoo> thanks.. just trying something new... wouldn't normally do this..

market internals are green all day... 15:11

think they'll go test the intra day lows again...tank if broken imo. 15:13

* cwellsi shorts ES 1353.25 15:18

<KiwiRoo> watch 47 for those that short. 15:23

47, 46, 45.50

* cwellsi covers ES 1347 +6.25

<KiwiRoo> nice work. 15:24

<cwellsi> thanks...finally a good one

<KiwiRoo> under 45 its tanking. 15:25

<Nesi> wow

* cwellsi buys ER 702.1 15:26

<KiwiRoo> opps... missed a support lvl at 44.50 :( 15:27

* cwellsi sells ER 704.2 +2.1 15:28

<cwellsi> dow +100 with nas red 15:29

<KiwiRoo> does not look too good for the asian market 15:30

<cwellsi> definitely an interesting day

* sep34 is now known as sep34_away 15:33

* cwellsi shorts Er 704.5 15:34

<KiwiRoo> can we get to 41 by eod ? :P

ho ho hoho. 15:35

I'll try a long... 41.25 15:36

2ticks stop.

out +1 ..

* cwellsi covers ER 701.4 +3.1

<KiwiRoo> oh boy.... what causes the selling? 15:39

<cwellsi> don't know but not very bullish 15:41

* cwellsi buys Er 701.5 15:42

sells ER 704 +2.5 15:45

<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) 15:50

* cwellsi shorts ER 704.2 15:54

<rickf> k all i'm out for the day. have a good one 15:55

<Brutus> http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={4866d c74-da94-4a3a-b28f-0c80e3e82093} 16:01

============ U.S. MARKETS ACTION ===========

DJIA up 84.79 points to 12324.80

NASDAQ down 7.51 points to 2312.55

S&P 500 up 2.98 points to 1342.11

10-year T-note down 10/32 at 98 22/32 yield 3.656

NYMEX Spot Crude down $0.77 at $92.82/bbl at close.

Dollar/Euro up 0.0064 at 1.4583

gn all 16:17

<werner> gn all 16:20

* DisconnectedSession Close: Tue Feb 12 16:44:51 2008 16:44

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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.