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#FuturesTrades February 14th Thursday 2008 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+21.30	+205.10	+622.60
$2,130	$20,510	$62,260

Profitable Trade

1047am - 1155am est

Losing Trade

"no losers (rare)"

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 Feb 14 09:28:58 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

<rickf> gm niha - hope it ain't too snowy for you today :) 09:29

<pat255> gm all..

@office again today...:(

<PapaJon> gm all 09:30

<Brutus> GM everyone

<drt> gm

* subq mp charts - http://www.charthub.com/chart/search/mpc hart 09:32

<szubaark> Shorts ES @ 1366.75 «« paper »» 09:33

<rickf> shorted er2 @ 720.4 (paper) 09:35

<ripsboy> gm all... 09:37

<rickf> exit er2 718.9 (paper) +1.5 09:39

<werner> gm all 09:44

<szubaark> Covered all Short ES at 1363 --> + 3.75 «« paper »» 09:46

<Brutus> good start szu 09:49

<szubaark> thnx

<pat255> S 64.5 es 09:52

<rickf> long es 1365 (paper) 09:53

exit es 1366 (paper) +1 09:54

<Andy> pending house sales in 5 min 09:55

<rickf> yeah - forgot about 10AM :(

<whiplash> s 719.90 09:57

Shorts ER2 @ 719.90 «« paper »»

<szubaark> Shorts ES @ 1366 «« paper »» 09:59

<Brutus> 10 Fed Chmn Bernanke, Tsy Secy Paulson testify on the economy

before the Senate Banking Committe

<szubaark> exit stop moved to breakeven ES @ 1366 «« paper »»

Covered all Short ES at 1366 --> 0 «« paper »» 10:00

<Pepe> How long they will speak?

<szubaark> Shorts ES @ 1365.25 «« paper »» 10:01

<Brutus> QnA is a long session 10:02

<szubaark> exit stop moved to breakeven ES @ 1365.25 «« paper »» 10:03

Covered all Short ES at 1365.25 --> 0 «« paper »» 10:04

Shorts ES @ 1364.75 «« paper »» 10:06

<Andy> it hurts my head when I see the vxn behave so differently from the nas ad line...anyone with an insight on that? :) 10:10

<szubaark> Covered all Short ES at 1364.75 --> 0 «« paper »» 10:13

Buys ES @ 1365 «« paper »» 10:15

<whiplash> Covered all ER2 Short @ 719.40 --> + 0.5 «« paper »» 10:18

<szubaark> exit stop moved to breakeven ES @ 1365 «« paper »» 10:20

<rickf> short es 1367.50 (paper) 10:26

<Andy> Long ER2 @ 720 «« paper »» 10:30

<rickf> exit es 1367.60 be (paper) 10:31

<Andy> Exited all ER2 Long @ 719.3 --> - 0.7 «« paper »» 10:33

<rickf> bad exit timing :( 10:34

<NihabaAshi> Shorts ER2 @ 718.90 -> large size 10:35

<szubaark> Exited all Long ES at 1365 --> 0 «« paper »» 10:36

Shorts ES @ 1364.25 «« paper »» 10:37

<Andy> Long ER2 @ 718.3 «« paper »» 10:39

<NihabaAshi> Covered all ER2 Short @ 718.70 --> + 0.2 10:40

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> tough consolidating price action 10:42

<Andy> Exited all ER2 Long @ 717.8 --> - 0.5 «« paper »» 10:44

<szubaark> small volatility spike to downside, lets see if we get followthru

<NihabaAshi> Shorts ER2 @ 718.80 -> large size 10:47

<szubaark> :( 10:49

<NihabaAshi> ER2 doesn't want to give me anything worthwhile so far today...very stingy. 10:50

Covered ER2 Short @ 716.80 --> + 2 10:54

<szubaark> Nice Niha.

<NihabaAshi> Holding 1 contract remainder

Yeah...it also gave me my profit goal for the day.

<robert> wtg niha 10:55

<NihabaAshi> I think ER2 heard me complaining and decided to be nice.

<szubaark> Covered all Short ES at 1359.25 --> + 5 «« paper »» 11:10

<Andy> Long ER2 @ 713.5 11:11

Exited all ER2 Long @ 712.7 --> - 0.8 11:14

Long ER2 @ 711.8 11:22

<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) 11:29

* codehead_afk is now known as codehead 11:34

<Andy> Exited all ER2 Long @ 710.7 --> - 1.1 11:41

:(

<Pepe> :( 11:42

<Nesi> Long ER2 @ 710.70 «« paper »» 11:46

hard stop 710.00

Exited all ER2 Long @ 710.00 --> - 0.7 «« paper »» 11:47

Long ER2 @ 710.00 «« paper »» 11:49

<Andy> Long ER2 @ 709.6 11:51

final trade of the day for me if it doesn't work 11:54

<NihabaAshi> Covered Remainder ER2 Short @ 710.50 --> + 8.3 11:55

<Andy> wow

<Pepe> wow, NIce

<futurible> vn Niha 11:56

<silo> haha i think you're overdoing it with the terms.... vn .... very nice i assume? :D 11:57

<szubaark> good one Niha.

<futurible> Why now closed the trade, Niha? pt? 11:59

<Andy> Exited all ER2 Long @ 709.2 --> - 0.4 12:01

time to take the dog for a walk

<Nesi> Long ER2 @ 707.70 «« paper »» 12:06

<NihabaAshi> [11:59] <futurible> Why now closed the trade, Niha? pt? 12:07

Volatility started contracting again and I knew a spike was going to happen... 12:08

I started thinking the spike will be upwards instead of downwards.

Thus, I closed my trade to protect profits.

However, via hindsight, its easier to see I left profits on the table.

<futurible> thx for the answer Niha 12:09

<NihabaAshi> futurible...in many ways...I'm still a newbie to Volatilty Analysis. 12:10

The more I learn...the more consistent I get and the more often I catch big trades. 12:11

I'll review that trade tonight to see what "volatility clues" were there that could have kepted me in that trade when the volatilty was contracting... 12:12

Easy to do considering I do live recordings via Camtasia.

<rickf> i'm trying to get my analysis down to where i can make 2-3 points consistently. I'm not *that* worried about missing profitable runners, but catching those is a bonus. 12:13

<NihabaAshi> Much valuable as feedback in comparison to trying to learn from a hindsight chart I print out.

<rickf> and of course niha's right - profit protection is paramount :)

<szubaark> a lot better price action then last three days where we had those Dangerous Creeper Trends 12:25

Shorts ES @ 1360 «« paper »» 12:29

exit stop moved to breakeven ES @ 1360 «« paper »» 12:37

<NihabaAshi> Reminder: It's Valentine's Day...don't forget to buy something or say something about love to your loved ones :) :) :)

<szubaark> Covered all Short ES at 1360 --> 0 «« paper »»

<NihabaAshi> I forgot once 7 years ago...I still get a ear full today about it :( 12:38

<Pepe> :)) 12:39

<szubaark> Shorts ES @ 1358.50 «« paper »»

<NihabaAshi> Shorts ER2 @ 710.20 -> small size 12:40

1 only

shallow WRB pt1 12:42

<rickf> actually tomorrow is 'my' day: "Happy Discounted Chocolate Day" :)

<NihabaAshi> may get lucky to catch a few extra ticks instead of 709.60

oh oh...volatility is contracting 12:43

Something is going to pop here soon

Covered ER2 Short @ 710.10 --> + 0.1 12:45

couldn't hold it :(

<szubaark> lots of noise, need to give this some room to "work"

<rickf> long es 1358.50 (paper) 12:46

<szubaark> will be tough to catch any WRB PT

exit stop moved to breakeven ES @ 1358.50 «« paper »» 12:49

Covered all Short ES at 1358.50 --> 0 «« paper »» 12:51

<Nesi> Long ER2 @ 710.00 -> Add «« paper »»

<szubaark> Shorts ES @ 1359.25 «« paper »» 12:55

exit stop moved to breakeven ES @ 1359.25 «« paper »» 12:57

<rickf> exit es 1357 (paper) -3 12:58

oops 1356 exit -2.5

<szubaark> back to back Volatility spikes up and down BUT no followthru :(( 12:59

hopefully market proves me wrong 13:01

Covered all Short ES at 1352.75 --> + 6.5 «« paper »» 13:07

<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) 13:32

<NihabaAshi> Shorts ER2 @ 706.80 -> small size 14:38

Covered ER2 Short @ 706.50 --> + 0.3 14:40

Lucky exit because my entry was a trade error...saw something that really wasn't there. 14:41

<szubaark> volatility spike just now

getting Quickly retraced :( 14:42

<NihabaAshi> Shorts ER2 @ 705.80 -> small size 14:45

Saw something that really was there...not a ghostly vision :) 14:47

<pat255> vn N

<NihabaAshi> Covered 1/2 ER2 Short @ 703.70 --> + 2.1 14:50

<ItalianSharp> nice niha, keep whipping it...:)

<szubaark> Nice Niha. you caught that WRB

<pdays> Long ES @ 1349.5 «« paper »» 14:51

<NihabaAshi> Covered Remainder ER2 Short @ 705.70 --> + 0.1 14:56

punks :(

<pat255> later guys ...meeting :9 14:58

<KN-ES> long ES 52.75 15:10

out 3/4 53.75 ........ +1.00 15:11

s/l 49.75 15:12

out 3/4 55.75 ........ +3.00 15:13

out 1 con 15:14

out 1 52.75 56.75 ........ +4.00 15:15

<pdays> Exited all ES Long @ 1356.75 --> + 7.25 «« paper »»

WRB Analysis

Learn More

<KN-ES> cool

<NihabaAshi> Nice ES profit 15:17

Shorts ER2 @ 710.30 -> small size 15:21

perfect entry...hopefully it rewards me. 15:22

<KN-ES> <KN-ES> out 1 52.75 57.75 ........ +5.00

wrong channel

:)

<NihabaAshi> Pin Ball Machine like volatility 15:23

Covered all ER2 Short @ 710.20 --> + 0.1 15:25

:( 15:26

That pin ball machine volatility still has impact on me :(

Shorts ER2 @ 710.10 -> small size 15:31

ppp[s

incorrect

Long ER2 @ 710.10 -> small size 15:32

Exited ER2 Long @ 709.00 --> - 1.1 15:35

<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) 15:38

<KN-ES> rev 54.25 15:40

out long 52.75 54.25 ....... +1.503

sort 54.25

out 7/8 53.25 ........... +1.00 15:41

s/l 56 15:43

out 1 54.25 51.25 ....... + 3.00 15:44

out 1 54.25 50.25 ....... + 4.00 15:48

50.75 fill

<Andy> Long ER2 @ 707.5 «« paper »» 15:50

<werner> gn all 15:54

<KN-ES> out last 54.25 49.00 ....... + 5.25 15:55

lng 49.25 15:56

1 con

<Brutus> vn KN :)

<KN-ES> thanks Brutus

out 50.25 .............. +1.00

lng 43.25 15:57

1 con

<Andy> Exited all ER2 Long @ 706.2 --> - 1.3 «« paper »»

<KN-ES> lng 49.25 15:58

s/l 49.25 tp 50.25

s/l 48.25 tp 50.25 15:59

<futurible> gn all

<NihabaAshi> Shorts ER2 @ 705.70 -> small size

<KN-ES> out 49.25 .............. - 1.00 16:00

out 50.25 .............. - 1.00

out 50.25 .............. + 1.00 16:01

:)

done for the day

<NihabaAshi> Covered Remainder ER2 Short @ 703.50 --> + 2.2 16:02

ooops

Covered ER2 Short @ 705.50 --> + 0.2

<KN-ES> looks like it may reach as high ast 52.755 16:03

52.75

<Andy> Long ER2 @ 704.9 «« paper »» 16:06

Exited 3/4 ER2 Long @ 705.4 --> + 0.5 «« paper »» 16:09

<Brutus> http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={de913 470-d54e-4f59-b0a4-1d4b248e4ce1}

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

DJIA down 185.01 points to 12368.69

NASDAQ down 40.34 points to 2333.59

S&P 500 down 18.87 points to 1348.48

10-year T-note down 22/32 at 97 12/32 yield 3.818

NYMEX Spot Crude up $2.13 at $95.40/bbl at close

Dollar/Euro up 0.0067 at 1.4676

<KN-ES> should see 50 next 16:10

<Andy> Exited Remainder ER2 Long @ 706.7 --> + 1.8 «« paper »»

<KN-ES> heading for 55 16:11

next

good tading to all 16:12

:)

good treading to all

good trading to all , cannt make it faster ever 16:13

<Andy> gn all 16:15

* sep34 is now known as sep34_away 16:22

<Brutus> gn all 16:26

<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) 17:41

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#FuturesTrades past logs can be searched via using Google. For example, pretend you want to research what has been said about volatility analysis. Go to the Google search window below and type in "volatility analysis" site:thestrategylab.com (exactly as I typed it including the quotation marks) and you will find everything associated with those key words that were used by any member of #FuturesTrades.


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.