#FuturesTrades trade log for traders - CBOT, CME, ICE, EUREX, EURONEXT, NYMEX, COMEX and FOREX

February Trade Log

Trade Strategies

WRB Analysis Tutorials

Music While Trading

Testimonials

Disclaimer

#FuturesTrades February 15th Friday 2008 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+13.50	+218.60	+636.10
$1,350	$21,860	$63,610

Profitable Trade

1005am - 1019am est

Losing Trade

0950am - 0954am 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: Fri Feb 15 00:00:01 2008Session Ident: #FuturesTrades

* DisconnectedSession Close: Fri Feb 15 00:03:29 2008 00:03

Session Start: Fri Feb 15 09:23:57 2008Session Ident: #futurestrades

* Now talking in #futurestrades 09:23

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

<Pepe> gm all 09:24

<NihabaAshi> Good morning all 09:25

<silo> morning !!

:P

<PapaJon> gm all 09:27

<Brutus> 1000/1500 Feb Reuters/Univ Of Michigan Index, prelim 09:28

Sentiment Index End month 78.4

Sentiment Index Mid Month 75 80.5

1315/1815 Fed Gov Mishkin speaks on 'The Federal Reserve's Tools For

Responding to Financial Disruptions" in Hanover, N.H.

1400/1900 Bond markets close early ahead of Presidents Day holiday

<ripsboy> gm all... 09:29

<pdays> Exited 1/2 ES Long @ 1344.5 --> + 3.75 «« paper »» 09:30

<NihabaAshi> Shorts ER2 @ 701.00 -> large size 09:32

trade error...saw something that really wasn't there. 09:34

<szubaark> Shorts ES @ 1344.25 «« paper »»

<NihabaAshi> Covered ER2 Short @ 701.70 --> - 0.7 09:35

<drt> gm all

<pdays> Exited Remainder ES Long @ 1346.0 --> + 5.25 «« paper »» 09:36

<NihabaAshi> Shorts ER2 @ 701.20 -> large size

<szubaark> nice pdays 09:37

<pdays> tnx...just so easy on paper :} 09:39

<NihabaAshi> Covered ER2 Short @ 699.90 --> + 1.3 09:40

geeesh...

Feels like I need a compass today :(

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> Covered all Short ES at 1344.25 --> 0 «« paper »»

<NihabaAshi> Big time pin ball machine price action

<werner> ECB President Trichet Speaks on 5 min 09:41

<szubaark> Shorts ES @ 1343 «« paper »» 09:42

<KN-ES> add 44

<NihabaAshi> Shorts ER2 @ 699.20 -> large size 09:45

<KiwiRoo> Market internals are pretty crappy .. 09:46

<ItalianSharp> pinball machine at its best 09:47

gonna sit out until we break out either direction

too fast for me...and not worth the risk

<NihabaAshi> Covered all ER2 Short @ 699.50 --> - 0.3

<KN-ES> out 3/4 44.00 46.00 ........... + 2.00 09:49

<NihabaAshi> Long ER2 @ 699.60 -> large size 09:50

<KiwiRoo> nite move mate. KN

<ItalianSharp> i wonder what causes this pinball machine price action... 09:51

i am pretty sure it's big boys sitting on both ends of the wedge

<NihabaAshi> ItalianSharp...the market is very nervous and juiced...

It's setting up for a big pop (up or down).

<ItalianSharp> yep...agree 09:52

<KiwiRoo> option exp in the initial hour... rest of the day should be OK.

<szubaark> yup.. beginning this week we had those Dangerous Creeper trends and now this pinball

<ItalianSharp> now it's a good time to scalp and not greedy

<werner> Consumer Sentiment on 5 min 09:54

<NihabaAshi> Exited ER2 Long @ 698.10 --> - 1.5

<szubaark> exit stop moved to breakeven ES @ 1343 «« paper »» 09:55

<ItalianSharp> i cant believe this...the only time i set a limit for 6 ticks, it drops another 20...:((

i got into scalping mode 1min too early...:((

<szubaark> Covered all Short ES at 1439.75 --> - 96.75 «« paper »»

Covered all Short ES at 1339.75 --> + 3.25 «« paper »»

<KN-ES> lng 39.75 09:56

<NihabaAshi> Shorts ER2 @ 697.10 -> large size

<KN-ES> out 7/8 41.25 ........ + 1.50 09:57

<NihabaAshi> geeesh :(

This thing is turbo charged

<KN-ES> s/l 36.50

<szubaark> Buys ES @ 1339 «« paper »» 09:58

<NihabaAshi> Covered ER2 Short @ 696.60 --> + 0.5

<szubaark> exit stop moved to breakeven ES @ 1339 «« paper »» 09:59

we should spike soon, hopefully up, Im Long 10:03

<KN-ES> out 1 39.75 42.25 ........ + 2.50 10:05

<szubaark> nice KN

<KN-ES> thanks

<NihabaAshi> Long ER2 @ 697.60 -> large size

<KN-ES> add 40.25 10:06

40.50 fill

<NihabaAshi> Long ER2 @ 697.30 -> Add

<KN-ES> out 2/3 40.50 41.50 ............+ 1.00 10:07

<szubaark> small spike, im looking for a WRB

<KN-ES> out 1 40.50 42.75 ............+ 2.25 10:09

<NihabaAshi> Exited 1/3 ER2 Long @ 698.50 --> + 1.2

:)

<KN-ES> out 1 40.50 42.75 ............+ 3.25

<NihabaAshi> I randomly throw an order out there and it gets filled :)

Market feeling a little sorry for me again. 10:10

Exited 1/3 ER2 Long @ 699.30 --> + 1.7

<KN-ES> out 1 40.50 43.50 ............+ 4.00

thats 3

<szubaark> Exited all Long ES at 1345 --> + 6 «« paper »» 10:11

<KN-ES> out 1 40.50 45.50 ............+ 5.00

<NihabaAshi> Exited ER2 Long @ 700.20 --> + 2.6

Holding 1 contract remainder

<Pepe> very nice NIha 10:12

<KN-ES> out 1 40.50 47.50 ............+ 6.50 10:14

thats 47

<NihabaAshi> ER2 resistance area

DAX too.

Oil getting weaker and Gold undecided 10:15

<KN-ES> s.l 39.75 10:16

<NihabaAshi> Today so far looks like a "bar room fight"... 10:17

<KN-ES> add 3 con 45

<NihabaAshi> Punch anything that comes near you.

Exited Remainder ER2 Long @ 699.20 --> + 1.6 10:19

<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) 10:20

<NihabaAshi> Long ER2 @ 699.00 -> small size 10:21

1 only

Long ER2 @ 698.30 -> Add 10:24

Exited 1/2 ER2 Long @ 698.80 --> + 0.5 10:25

<KN-ES> out 2 45 46.50 ............+ 1.50 10:26

<NihabaAshi> Exited Remainder ER2 Long @ 699.10 --> + 0.1

punks :( 10:27

They dropped it down on a retrace to pick pocked my trailing stop as soon as I adjusted my stop :(

<werner> choppy market 10:28

<ItalianSharp> yep...tight range + pinball machine = tough trading 10:29

<KiwiRoo> Triangle + bull flag 10:30

oh that was quick...

<KN-ES> out L 45 48.25 ..................+ 3.25

<ItalianSharp> finally a decent move...hopefull it'll produce some opportunities 10:31

NQ just joined ES/YM, we should see gap close 10:32

<KN-ES> out 1 40.50 48.75 ..................+ 8.25 10:33

<KiwiRoo> 1349 is important area.

Nice trade KN 10:34

<KN-ES> out last 40.50 47.75 ..................+ 7.25

thanks KiwiRoo

<robert> wtg kn 10:35

<KN-ES> out 1 39.75 44.75 ....................... + 5.00 10:41

i picked up the bottom :( 10:42

s/l 39.75 [0.00] t/p1 50 [+10.25] t/p2 57.25 [+17.50] 10:49

<NihabaAshi> Long ER2 @ 697.90 -> small size 11:08

<KN-ES> add 42.75 11:09

out 7/8 42.75 43.75 ............ + 1.00 11:11

<NihabaAshi> Exited 1/2 ER2 Long @ 699.10 --> + 1.2 11:14

<KN-ES> our 1 42.75 45.00 .............. + 2.25

<szubaark> Shorts ES @ 1344 «« paper »» 11:16

<KN-ES> out last 42.75 43.75 .............. + 1.00 11:17

<NihabaAshi> Exited Remainder ER2 Long @ 698.30 --> + 0.4 11:18

* codehead_afk is now known as codehead

<szubaark> Covered all Short ES at 1344 --> 0 «« paper »»

Shorts ES @ 1342.75 «« paper »» 11:19

<KN-ES> add 42.50

<szubaark> exit stop moved to breakeven ES @ 1342.75 «« paper »» 11:21

every tick is a struggle 11:23

Covered all Short ES at 1342.75 --> 0 «« paper »»

<KN-ES> out 7/8 42.50 43.50 ............ + 1.00 11:30

add 2 con 41.75 11:32

<szubaark> Shorts ES @ 1341 «« paper »» 11:33

Expecting Volatility spike soon, hopefully to downside, Im Short 11:36

Covered all Short ES at 1341.25 --> - 0.25 «« paper »» 11:38

Buys ES @ 1341.25 «« paper »» 11:44

<KN-ES> finally 39.75 . need a break 11:50

s.l hit - out-

<szubaark> Exited all Long ES at 1339.50 --> - 1.75 «« paper »»

Shorts ES @ 1339.50 «« paper »»

<Andy> Long ER2 @ 695.8 «« paper »» 11:51

Exited 2/3 ER2 Long @ 696.7 --> + 0.9 «« paper »» 11:53

<KN-ES> srt 41.50

sz

out 3/4 40.50 ......... + 1.00 11:57

s.l 43.25 11:58

<silo> dow testing 2/12 low again 12:00

second test of the day

<szubaark> Covered all Short ES at 1344.25 --> - 4.75 «« paper »» 12:01

:((

Buys ES @ 1344.25 «« paper »»

<silo> oh szu

:D

<szubaark> yeah, Short right at frikin Support :(

<Andy> Exited Remainder ER2 Long @ 698.5 --> + 2.7 «« paper »»

<szubaark> low Volatility put me into a coma.... 12:02

this will be my last trade, i hate fridays 12:03

<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) 12:26

<szubaark> Exited all Long ES at 1340 --> - 4.25 «« paper »» 12:29

Shorts ES @ 1340 «« paper »»

<Andy> Long ER2 @ 694.9 «« paper »» 12:31

Exited 2/3 ER2 Long @ 695.5 --> + 0.6 «« paper »» 12:33

Exited Remainder ER2 Long @ 695.1 --> + 0.2 «« paper »» 12:34

WRB Analysis

Learn More

<szubaark> Covered all Short ES at 1340 --> 0 «« paper »» 13:10

Buys ES @ 1340 «« paper »»

Exited all Long ES at 1340 --> 0 «« paper »» 13:11

Shorts ES @ 1340 «« paper »» 13:12

<ItalianSharp> Fed member Mishkin is due up in 2mins I believe 13:13

perhaps he'll shake things up a little

<Andy> Long ER2 @ 695.4 «« paper »» 13:34

partial fill

Exited 2/3 ER2 Long @ 696.6 --> + 1.2 «« paper »» 13:41

exit stop set ER2 @ 696.1 «« paper »» 13:48

Exited Remainder ER2 Long @ 697.7 --> + 2.3 «« paper »» 13:52

Shorts ER2 @ 698.0 «« paper »» 14:12

not a great entry

Covered 1/2 ER2 Short @ 697.4 --> + 0.6 «« paper »» 14:16

Covered 1/4 ER2 Short @ 696.9 --> + 1.1 «« paper »» 14:17

exit stop moved to breakeven ER2 @ 698 «« paper »» 14:18

<szubaark> nice Andy

<Andy> thanks szu

Covered Remainder ER2 Short @ 696.1 --> + 1.9 «« paper »» 14:20

<szubaark> Covered all Short ES at 1343.25 --> - 3.25 «« paper »» 14:50

lost my Focus aftter 12.. then got back to back loses :( 14:51

* szubaark is now known as szubaark_away

<KiwiRoo> bl there.. 14:52

Triangle on ES.

<Andy> Shorts ER2 @ 701.2 «« paper »» 15:41

Covered all ER2 Short @ 701.3 --> - 0.1 «« paper »» 15:42

* sep34 is now known as sep34_away 16:12

<werner> gn all 16:15

<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) 16:35

Sponsor:
Skype

Google:

#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.