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#FuturesTrades February 13th Wednesday 2008 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+20.50	+183.80	+601.30
$2,050	$18,380	$60,130

Profitable Trade

1122am - 1131am 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: Wed Feb 13 09:26:49 2008Session Ident: #futurestrades

* Now talking in #futurestrades 09:26

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

<werner> gm all 09:27

<Brutus> GM everyone

<PapaJon> gm all 09:28

<futurible> gm all

<lumenPharmer> gm 09:29

<drt> gm all 09:31

<pat255> gm all..dang stuck @ the office 09:32

<szubaark> Shorts ES @ 1363.50 «« paper »» 09:35

<NihabaAshi> So far its a runaway price movement...gotta wait for a pullback to setup something (Long or Short).

<szubaark> exit stop moved to breakeven ES @ 1363.50 «« paper »» 09:37

Covered all Short ES at 1360.75 --> + 2.75 «« paper »» 09:39

<Andy> nice, szu 09:43

<NihabaAshi> Shorts ER2 @ 713.40 -> large size

* subq market profile charts - http://www.charthub.com/chart/search/mpc hart 09:44

<NihabaAshi> I've had a lot of problems in the past with the trade management of this s/r zone FADE.

tough trade as usual for this one 09:46

Covered all ER2 Short @ 713.60 --> - 0.2 09:49

<szubaark> Shorts ES @ 1358.50 «« paper »» 09:50

<NihabaAshi> Shorts ER2 @ 713.70 -> large size

ER2 trying hard to find some direction. 09:51

<szubaark> Covered all Short ES at 1358.50 --> 0 «« paper »» 09:52

<Nesi> Business Inventories 09:53

[Report] [Bullet] 10:00 ET

numbers soon

<NihabaAshi> Covered ER2 Short @ 713.40 --> + 0.3 09:54

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)

<Nesi> and oil at 10:30

<NihabaAshi> Looks like it needs to drop further to set up anything. 09:55

Too bad I couldn't hold both of those Shorts.

<pdays> bis inv .6 est .5 10:00

<szubaark> Buys ES @ 1358 «« paper »» 10:01

Shorts ES @ 1358 «« paper »» 10:02

<NihabaAshi> Long ER2 @ 712.50 -> medium size

<Pepe> anybody have problem with MB Trading data now? 10:03

<szubaark> exit stop moved to breakeven ES @ 1358 «« paper »» 10:04

<NihabaAshi> Exited ER2 Long @ 712.20 --> - 0.3 10:05

<szubaark> hopfully my Stop wont get hit before next Volatility spike

so far jumpy price action 10:06

Covered all Short ES at 1358 --> 0 «« paper »»

<Nesi> some pinball going on 10:07

<NihabaAshi> Long ER2 @ 714.60 -> medium size 10:08

Feels like I'm about 10 steps behind the market :( 10:09

<szubaark> Buys ES @ 1359.75 «« paper »» 10:12

<ItalianSharp> finally we broke thru that nasty wedge 10:13

<NihabaAshi> Exited ER2 Long @ 715.00 --> + 0.4

<ItalianSharp> hopefully things will be smoother now

<NihabaAshi> Tough range so far. 10:14

<szubaark> exit stop moved to breakeven ES @ 1359.75 «« paper »»

<ItalianSharp> yep...YM/ES trying hard to fill in the gap

<szubaark> just need some followthru 10:15

up or down

Exited all Long ES at 1359.75 --> 0 «« paper »» 10:17

<Brutus> http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={d2899 1f1-3c35-4db1-89de-9402973c5dd8} 10:21

http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={ef9e0 d5b-123f-4492-a7e2-491505550f6c}

<NihabaAshi> Price action acting like its stuck in mud 10:22

<pat255> y..whippy too

<NihabaAshi> Shorts ER2 @ 713.40 -> medium size

sneaky booger...cost me a 1 point on a better entry 10:23

<szubaark> Shorts ES @ 1357 «« paper »»

<NihabaAshi> WRB pt1 reached and its a shallow one :(

Covered ER2 Short @ 711.80 --> + 1.6 10:25

<pat255> vn..

<NihabaAshi> Should'uv been a lot nicer...price action not revealing too many clues. 10:26

<szubaark> exit stop moved to breakeven ES @ 1357 «« paper »» 10:29

10:30 Report producing some juice 10:31

<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) 10:32

<pat255> S 54 es 10:35

<szubaark> Covered all Short ES at 1353 --> + 4 «« paper »» 10:37

<NihabaAshi> Shorts ER2 @ 711.40 -> large size 10:43

Covered 2/3 ER2 Short @ 710.60 --> + 0.8 10:44

<Andy> Long ER2 @ 710.8 10:45

<NihabaAshi> Covered Remainder ER2 Short @ 711.30 --> + 0.1

Tough to hold onto trades today 10:47

<szubaark> Shorts ES @ 1352.25 «« paper »»

<Andy> Exited all ER2 Long @ 710 --> - 0.8

<NihabaAshi> Shorts ER2 @ 710.80 -> small size 10:48

1 only

<Andy> Long ER2 @ 710.6

<NihabaAshi> volatility is often flatlined across the board via that I see very little contracting volatility. 10:50

Flatlined volatility usually results in a difficult trading day.

Covered ER2 Short @ 711.90 --> - 1.1 10:54

<Andy> Exited 3/4 ER2 Long @ 711.8 --> + 1.2

<NihabaAshi> Long ER2 @ 712.00 -> small size 10:55

2 only

Exited ER2 Long @ 712.50 --> + 0.5 11:02

geeesh

tough tough and more tough

<szubaark> last two days wasnt any better, Creeper Trends :((

hopefully conditions improve later this week for intraday trading 11:03

<NihabaAshi> I'm just trying to get 3 ticks more to reach my profit goal for the day...

Market playing cat and mouse with me :(

<Andy> Exited Remainder ER2 Long @ 712.4 --> + 1.8 11:05

<Pepe> nice Andy

<Andy> thanks Pepe

<KiwiRoo> nice..

this is tough..

<futurible> vn Andy 11:06

<Andy> thanks Kiwi, futurible...wish I had let my stop a little wider on my initial entry, but hey...it's ok :) 11:07

<TraderO> test 11:08

<KiwiRoo> any money made in this market is a good hard earn$$$ :)

I'm waiting for the next tank.

guess its about to due. 11:09

<GoodMood> KiwiRoo: Sherman tank ?

:)

<KiwiRoo> ;p

<NihabaAshi> Long ER2 @ 713.90 -> small size 11:11

2 only 11:12

<rickf> gm all 11:13

<NihabaAshi> :(

Exited all ER2 Long @ 713.10 --> - 0.8 11:19

Long ER2 @ 713.10 -> medium size 11:22

perfect entry but nothing so far :( 11:23

Anything less than 1 point and I'll be disappointed 11:24

<KiwiRoo> Nice entry there.. 11:27

<NihabaAshi> Exited ER2 Long @ 715.50 --> + 2.4

Holding 1 contract remainder

Got my profit goal for the day. 11:28

<KiwiRoo> awesome.. just be4 lunch.

<NihabaAshi> Exited Remainder ER2 Long @ 716.20 --> + 3.1 11:31

Had to scratch and claw for every tick today even on that last trade.

Will take a very long lunch break...be back later. 11:32

* NihabaAshi is now known as NihabaAshi_away

<TraderO> Shorts ER2 @ 717.5 12:12

<KN-ES> srt 58.50 12:32

out 59.50 12:35

<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)

<KN-ES> out 58.50 12:44

<TraderO> Covered 1/2 ER2 Short @ 716 --> + 1.5 12:46

<KN-ES> out 58.50 12:48

srt 59.00

out 59 dead 12:53

<TraderO> Covered all ER2 Short @ 717.5 --> 0 12:59

<NihabaAshi_away> Long ER2 @ 717.40 -> small size 13:00

* NihabaAshi_away is now known as NihabaAshi

<NihabaAshi> 1 only because I'm in profit protection mode...

Trade currently not looking so hot as the same as my other trades today due to the flatlined volatility :( 13:01

<lumenPharmer> lol now you are ok ;) 13:06

<NihabaAshi> Exited ER2 Long @ 718.50 --> + 1.1 13:08

Be right back...toddler just woke up from his nap :( 13:09

* NihabaAshi is now known as NihabaAshi_away

<Pepe> nice 13:10

<lumenPharmer> my daughter is 22days old, no sleep for me 13:11

this volume and no sleep will kill me ;) 13:12

<Brutus> a spoon full of brandy in the bottle will fix that :) 13:13

<lumenPharmer> if they don't my wife will

lol brandy for me ;)

<Brutus> thursday ed Chmn Bernanke, Tsy Secy Paulson testify on the economy 13:14

before the Senate Banking Committee

should pick up the vola 13:15

<lumenPharmer> lets hope so

no worries they are going to rate cut us to the moon anyway 13:16

<KN-ES> srt 64.75 13:18

s.l 66

<szubaark> another creeper trend 13:20

<pat255> wow they pumped it up 13:44

<domvert> tet 14:19

test 14:20

<rickf> since it's a quiet afternoon, i'll share the "results" of my informal survey about futures brokers and platforms....

only had 2 responses. :( one recommended TS and the other rec'd open ecry 14:21

(boy that was spellbinding insight, eh?)

<Andy> Long ER2 @ 717.4 14:32

Exited all ER2 Long @ 718.1 --> + 0.7 14:33

WRB Analysis

Learn More

<Pepe> nice 14:35

<Andy> Thanks, Pepe...getting out way to early though :(

geez 14:37

<Pepe> :( 14:38

<Andy> :(..... 14:40

<Pepe> :(

<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) 14:41

<KiwiRoo> hehe.... 14:44

<NihabaAshi_away> Shorts ER2 @ 720.20 -> small size 14:51

* NihabaAshi_away is now known as NihabaAshi 14:52

<NihabaAshi> 1 only

Oil and Gold are not helping my Short position so far. 14:54

volatility contracting 14:55

I'm expecting a volatility spike here soon

Hopefully down and not up

<rickf> looks like up :( 14:57

<NihabaAshi> Covered ER2 Short @ 720.60 --> - 0.4 14:58

Reverse and Enter Long ER2 @ 720.60

<szubaark> confusing price action..

<KiwiRoo> I'm giving this a crack... Short 65 . 2ticks stop.

* szubaark is now known as szubaark_away

<KiwiRoo> oh well... not good then.

buyers was looking weak just then. :( 14:59

<NihabaAshi> Exited ER2 Long @ 721.00 --> + 0.4 15:02

Just treading water on those two trades :(

I'm done for the day...I'm just mentally and physically exhausted. 15:03

Everybody in the family has strep throat except for me and the toddler, 3 snow storms in the past 6 days and we are on our 4th snow storm today. 15:04

Time for me to go out and do some heavy snow cleaning again.

Take care all and see all tomorrow.

* NihabaAshi is now known as NihabaAshi_away

<KiwiRoo> enjoy Nihaba 15:05

<Brutus> http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={b3256 fa3-5bb3-4419-9712-d2ad5099e7c3} 16:10

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

DJIA up 193.47 points to 12566.88

NASDAQ up 52.35 points to 2372.39

S&P 500 up 19.53 points to 1368.39

10-year T-note down 17/32 at 98 4/32 yield 3.724

NYMEX Spot Crude up $0.49 at $93.27/bbl

Dollar/Euro down 0.0010 at 1.4573

<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) 16:47

<werner> gn all 16:57

<Nesi> http://www.youtube.com/watch?v=xiNQSbcOY NQ&feature=related 17:59

<silo> :D 18:17

* DisconnectedSession Close: Wed Feb 13 18:35:10 2008 18:35

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In addition, below are the trading instruments our chat room members monitor closely to make trade decisions:

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CBOT mini-sized Dow Futures YM

Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50

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