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#FuturesTrades February 19th Tuesday 2008 Trade Log

 

Russell 2000 Emini ER2 Futures

Today Month Year
+14.70 +233.30 +650.80
$1,470 $23,330 $65,080

Profitable Trade

1026am - 1037am est

Losing Trade

1529pm - 1535pm 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 19 00:00:01 2008Session Ident: #futurestrades
<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)01:33
* codehead is now known as codehead_afk03:04
* Disconnected 04:10
* Attempting to rejoin channel #futurestrades04:15
* Rejoined channel #futurestrades
<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<rickf> gm08:34
<nqcruiser> gm all08:48
<Pepe> applying
GM all
<werner> gm all08:53
<szubaark>  Shorts ES @ 1367 «« paper »» 09:36
exit stop moved to breakeven ES @ 1367 «« paper »» 09:38
<NihabaAshi>  Shorts ER2 @ 709.50 -> medium size 09:50
<Pepe> wow09:51
<NihabaAshi>  Covered 3/4 ER2 Short @ 708.20 --> + 1.3 09:52
<szubaark> Nice Niha.
<ripsboy> Nice entry Niha...
<Andy> what a great entry, Niha09:53
<NihabaAshi>  Covered Remainder ER2 Short @ 709.00 --> + 0.5 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) 
  
<szubaark>  Covered all Short ES at 1366 --> + 1 «« paper »»

Buys ES @ 1366 «« paper »» 09:55
<Andy>  Long ER2 @ 707.5 10:02
Exited all ER2 Long @ 707 --> - 0.5 10:05
Long ER2 @ 705.7 10:06
<NihabaAshi>  Long ER2 @ 706.10 -> medium size 10:08

Gold and Oil in a tight range for the past several intervals.10:10

Thus, my Long has no support to move higher in ER2.

Simply, I'm on my own :(

DAX not helping too so far :(10:12

Gold and Oil trying to help now :)

oh oh...volatility contracting again10:13

Exited all ER2 Long @ 706.40 --> + 0.3
<Andy>  Exited 3/4 ER2 Long @ 707.4 --> + 1.7 10:16
<Pepe> nice
<Andy> thanks Pepe10:17
Exited Remainder ER2 Long @ 707.2 --> + 1.5 10:21
<rickf> nice one andy
<Andy> thanks rickf...a bit of a wait10:23
<NihabaAshi>  Shorts ER2 @ 707.30 -> small size 10:26

Covered 2/3 ER2 Short @ 704.60 --> + 2.7 10:31
<Pepe> very nice10:32
<NihabaAshi> Yeah...Gold and Oil decided to help but for about a minute afer my entry...they weren't helping at all.10:33

Covered Remainder ER2 Short @ 705.60 --> + 1.7 10:37
* codehead_afk is now known as codehead11:49
<Andy>  Shorts ER2 @ 706 12:17
Covered all ER2 Short @ 706.7 --> - 0.7 12:19
Shorts ER2 @ 707.4 12:20
Covered all ER2 Short @ 707.8 --> - 0.4 12:21
yeeesh
<Nesi>  Shorts ER2 @ 707.00 «« paper »» 12:26

Shorts ER2 @ 706.60 -> Add «« paper »» 12:30
<NihabaAshi> ER2 finding some resistance now after the bounce off the lows12:35
Looks like Nesi was all over that price action :)12:39
Nice add too.
Shorts ER2 @ 706.00 -> small size 12:41
2 only
I may retest the 706.50 price area12:42
If not...picture perfect entry.
If it does retest 706.50
I obviously had a poor entry
Gold and Oil trying hard to flatline.12:46
That could allow ER2 to produce too much noise or even the infamous "pin ball machine" price action :(12:47
oh oh...Dark Hammer Line12:51
Oil trying to go higher
Losing my patience and I've missed lunch long enough...12:53
Covered ER2 Short @ 705.80 --> + 0.2 12:54
Going to lunch...be back later.
* NihabaAshi is now known as NihabaAshi_away
<Nesi>  Shorts ER2 @ 705.70 -> Add «« paper »» 12:57
<whiplash>  Long ER2 @ 706 «« paper »» 13:00

Exited all ER2 Long @ 708 --> + 2 «« paper »» 13:10
<Kn-Es> srt 62.7513:23
* NihabaAshi_away is now known as NihabaAshi
<szubaark> hi KN
<silo> hey KN !13:24

szu
<Kn-Es> Hello
<NihabaAshi>  Long ER2 @ 709.10 -> small size
<Kn-Es> s//l 64.5013:27
<szubaark> Im taking a lot of notes on today's Price Action LOL13:28
<Andy>  Shorts ER2 @ 709.4 13:33
<silo> brb need to reboot
<Kn-Es> out 3/4 61.50 ......... 1.2513:34
<szubaark> IB went down here :((13:40
<Kn-Es> yes
so is ts
<Andy>  Covered all ER2 Short @ 7o9.9 --> + 709.4 - 7o9.9

that's -.513:41
<codehead> Qm 99.575... reaching fro $100 crude...
<NihabaAshi>  Exited ER2 Long @ 709.20 --> + 0.1 13:42

:(

punks
<szubaark> Funny, IB's website says they're good.13:43
<Kn-Es> ib is back up again13:44

so is TS
<szubaark> IB down here for over 3 minutes now :((
<Kn-Es> out 1 62.75 60.75 ............ + 2.0013:45
<NihabaAshi>  Shorts ER2 @ 709.00 -> small size
<Pepe> IB down :((((13:46
<szubaark> Ib down over 5 minutes now13:47
<Kn-Es> ib is working fine here
<Pepe> :((((13:48
IB still down13:50
MBT working13:51
<Kn-Es> its hardly down, except the l2 data
<NihabaAshi>  Covered all ER2 Short @ 708.90 --> + 0.1 13:52
Be back later :(
<Kn-Es> out 1 62.75 61.25 ......... 1.5013:56

s/l 6313:57

out 1 62.75 59.25 ............ + 3.5013:58
<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)14:03
<Kn-Es> out 1 62.75 58.75 ............ + 4.0014:04
<Nesi>  Shorts ER2 @ 707.00 -> Add «« paper »» 14:08
<codehead> 20 mins left for crude, hit wall around 99.614:10
<Kn-Es> missed 58.75
missed 57.7514:11
s/l 62.75
<Pepe> crude oil, wow14:12
<Nesi>  Shorts YM @ 12435 «« paper »» 14:15
<codehead> 99.7 hit...14:18

we've seen 100 before, but it was just some guy overpaying for a contract and dumping it so he could be the first
<Nesi> 100.09 was the high if i remembercorrectly14:19
<codehead> yeah, though it really didn't trade (actively) at that price
<Nesi> well
guess who bought the 100.09 ?14:20
<Kn-Es> add 61.00
<codehead> you buy it?
<Nesi> yup

i got out at 99.64

i bought the all time high
<codehead> whew--was that during normal trading hours?
wow
<Nesi> yes

i felt very very stupid at the time14:21
<codehead> ah
well, on one hand you had a breakout
<Kn-Es> out 7/8 61.00 60.00 .............. +1.00
<codehead> on the other, they love to false b/o on QM
<Nesi> i kept a decent stop now that i look back :)
<codehead> :-)
Nesi--your record in danger...14:26
<Nesi> very14:27

100

look oil

watch if takes 100.09 :)
<codehead> whew
<Nesi> 100.50 next

should i buy 100.09 again? :)14:28
<Pepe> :)
<codehead> lol
<Kn-Es> it will reach there anytime
<Nesi> on demo i am bidding at 100.09 :)
<Kn-Es> :)14:29
<szubaark> NQ wants to close that gap bad
<Nesi> looks like NQ leading the way
<Kn-Es> alwasy does

and clean too
<codehead> hm, best offer was 100.025, no one bought it
<Nesi> my bet, after hours OIL at 100.50 10114:30
<codehead> yeah, i expect after hours here a little rise at least
unless someone really wants to cap it at 100 for dbl top14:31
<Nesi> die market till close, please
<Kn-Es> out 1 61.00 58.50 .............. + 2.50
<Nesi> vn
<szubaark> NQ gap close, now what LOL14:32
<Nesi> driiilll :)
<Kn-Es> :)
<szubaark> ES still didnt get Overnight Stops above 1370 :))
<Nesi> come on YM .. go 12400 magnet, please
* sep34 is now known as sep34_away14:33
<codehead> oh, that QM contract expired right at close?14:34
99.975 close
<szubaark> NQ Red now, amazing was +21 At open
<Kn-Es> out 2 61.00 57.50 ................. + 3.5014:35
<Brutus> http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={e372b 392-ac9c-44c4-930b-f471a7e39c20}14:37
<Kn-Es> out 1 61.00 56.00 ................. + 5.0014:38
heading for 5914:41
!
<szubaark> still got Stops above 1370 they ddint whack yet14:42
<Kn-Es> out 1 61.00 54.50 ................. + 6.5014:43
<Brutus> vn KN14:44
<Kn-Es> thanks
<Nesi>  Covered all YM Short @ 12384 --> - 11626 «« paper »» 14:46

wrong

Covered 1/2 ER2 Short @ 703.50 --> + 11731.5 «« paper »» 14:47
<Kn-Es> out Last 61.00 52.50 ................... + 8.50
<Nesi> :/
<Kn-Es> early :(14:48
lng 52.50
2 con
<szubaark> weird action, Overnight looked strong YET they Reversed it all LOL14:49

last week we got followthru on Overnight moves, not so now :((
<Kn-Es> s/l 50.7514:51
<szubaark> NQ puking now
<Nesi>  Long NQ @ 1772 «« paper »» 14:52
<Kn-Es> s/l hit14:53

lng 52

2 con
<rickf> interesting to watch the Dax as a leading indicator of sorts on the ES/ER/NQ14:54
tho i think i'd need dramamine to trade the Dax for real
<KiwiRoo> strangely YM is still green by +18.. Hmmmm...14:55
<szubaark> rickf on some days yes (like today) and some NOT LOL14:56
<rickf> lol -- true14:57
<Nesi>  Exited all NQ Long @ 1772 --> 0 «« paper »» 14:59
<Kn-Es> out 50.25
<Andy>  Long ER2 @ 699.4 15:04
Exited 3/4 ER2 Long @ 700.6 --> + 1.2 15:09
Exited Remainder ER2 Long @ 700.6 --> + 1.2 15:16
<NihabaAshi>  Shorts ER2 @ 701.20 -> small size 15:29

geeesh...not again :(15:32
<Andy>  Long ER2 @ 700.5 -> small size 15:33
<NihabaAshi>  Covered ER2 Short @ 702.50 --> - 1.3 15:35

Reverse and Enter Long ER2 @ 702.50
<rickf> :(
<NihabaAshi> 1 to 3 contracts on the position reversal15:36
<Kn-Es> srt 50.5015:37
<Andy>  Exited all ER2 Long @ 703.3 --> + 2.8 15:38
  
WRB Analysis
  
<NihabaAshi>  Exited all ER2 Long @ 703.10 --> + 0.6
<Kn-Es> s/l 52.5015:40
<NihabaAshi>  Long ER2 @ 704.20 -> small size 15:43
2 only
Exited ER2 Long @ 703.00 --> - 1.2 15:47
Shorts ER2 @ 702.30 -> medium size 15:48
<Kn-Es> long 4715:50
<NihabaAshi>  Covered 1/4 ER2 Short @ 700.80 --> + 1.5 15:51
<Kn-Es> out 46
<NihabaAshi>  Covered Remainder ER2 Short @ 701.80 --> + 0.5 15:55
Frustrating trading day even though I'm above my profit goal for the day...
Just can't catch a big winner today :(
<Brutus>  ============ U.S. MARKETS ACTION ===========16:06

DJIA down 36.07 points to 12311.33

NASDAQ down 21.12 points to 2301.07

S&P 500 down 3.68 points to 1346.37

10-year T-note down 98/32 at 96 26/62 yield 3.885

NYMEX Spot Crude up $4.44 at $99.94/bbl at close

Dollar/Euro up 0.0072 at 1.4725
<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)
<Brutus>  http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={a0abd cac-7c91-4c16-aea9-5c427ed71809}
<NihabaAshi> Take care all and see all tomorrow16:15
<Andy> gn all16:16
<Brutus> gn all16:21
* DisconnectedSession Close: Tue Feb 19 16:22:29 200816:22
  
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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.

  

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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.

Sincerely,

M.A. Perry and Associates

TheStrategyLab.com

 questions@thestrategylab.com

"The point of this whole exercise is to make money. Everything else is just conversation." --Jonathan Hoenig

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