#FuturesTrades March 5th Wednesday 2008 Trade Log

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 Mar 05 00:00:01 2008Session Ident: #futurestrades
<X>	#FuturesTrades Info ->  No gurus, no head traders...you're here to document your own trades and thoughts as you traverse from one trade to the next trade because it provides critical information you cannot get from your broker statements (real money or simulator)...use this room as your trade journal.	00:36
<diLyaNa>	hii	07:14
	thank you very much
	:D
	is there any one who wants to speak with me	07:15
	:)
<PapaJon>	gm all	09:17
* subq	- the market profile charts for today - http://www.charthub.com/chart/search/mpc hart	09:18
<rickf>	gm	09:22
<drt>	gm guys	09:26
<pw998>	gm
<NihabaAshi_away>	Good morning all	09:31
<futurible>	gm Niha and all	09:32
* NihabaAshi_away	is now known as NihabaAshi
<werner>	gm all	09:33
<NihabaAshi>	Shorts ER2 @ 682.60 -> large size	09:41
	I may need to re-short this if I'm taken out for a loss because my entry sucked.	09:42
	Covered ER2 Short @ 681.30 --> + 1.3	09:43
	ER2 needs to come down about a point more to setup a possible Long position	09:46
	If a signal appears after it drops at least another point
<szubaark>	Buys ES @ 1333 «« paper »»	09:49
	exit stop moved to breakeven ES @ 1333 «« paper »»	09:52
<NihabaAshi>	Anyone in here trading on a computer with Windows Vista ???	09:53
<szubaark>	Exited all Long ES at 1333 --> 0 «« paper »»
<pat255>	nope N..
<pw998>	I am
<szubaark>	missed Target by a tick
<pat255>	stay away from vita
	memory hog
<pw998>	yes. I found that out
<szubaark>	Shorts ES @ 1333.50 «« paper »»	09:55
<NihabaAshi>	Market waiting for those 10am est numbers	09:58
<pat255>	looks like
<NihabaAshi>	Big time spike especially in the DAX	10:00
	Long ER2 @ 685.60 -> small size	10:01
	Exited ER2 Long @ 686.00 --> + 0.4	10:05
	Higher lows so far since the afternoon bounce yesterday.	10:11
	In Gold and Oil
	Shorts ER2 @ 686.10 -> small size	10:17
	trade error	10:18
	Covered all ER2 Short @ 686.40 --> - 0.3
	Shorts ER2 @ 685.60 -> small size	10:21
	"Lost in the forrest".	10:22
	Covered ER2 Short @ 685.50 --> + 0.1	10:26
	3 lousy ticks it missed by :(
<robert>	Shorts ES @ 39	10:27
	Covered 1/3 ES Short @ 38.50 --> + 0.5	10:28
	Covered 1/3 ES Short @ 38.50 --> + 0.5
<NihabaAshi>	Shorts ER2 @ 682.30 -> small size	10:35
<robert>	Covered Remainder ES Short @ 35.75 --> + 3.25
<NihabaAshi>	sneaky little booger :(
	Covered ER2 Short @ 681.90 --> + 0.4	10:38
	Geeesh....difficult to stay in the trade.	10:39
	ER2 back inside that key price area	10:52
	Will it drop to the downside or will it pop to the upside ???	10:55
	:)
	Shorts ER2 @ 685.50 -> small size
	Covered 2/3 ER2 Short @ 684.00 --> + 1.5	11:00
	I've reached my profit goal for the day...
	I'm officially in profit protection mode and will be trading via 1 contract only for the remainder of the trading day.	11:01
<szubaark>	Nice Scalps
<NihabaAshi>	They were intended to be scalps...
<Pepe>	nice Niha
<NihabaAshi>	I was after POINTS on each trade...just couldn't hold them.
	In fact, had it been a perfect trading day for me...	11:02
	One trade...large size...lots of points each contract and hold it for a majority of the day.
	Didn't happen :)
<X>	#FuturesTrades Info ->  No gurus, no head traders...you're here to document your own trades and thoughts as you traverse from one trade to the next trade because it provides critical information you cannot get from your broker statements (real money or simulator)...use this room as your trade journal.	11:03
<NihabaAshi>	Had 3 trades today in which I chased between 1.0 - 1.2 points...
	That's a lot of lost wiggle room when trading ER2	11:04
	Luckily the trades resulted in a profit except for one.
<pw998>	Nice. I want to get to a point when I can trade a large size :)
<hp101>	good morning	11:10
	;)
<NihabaAshi>	Over the years...I've been reducing my overall position size due to the volatility and other market conditions that I consider to make trading high risk in comparison to prior years.	11:12
	volatility spike
	Hopefully it retraces a little to give me a better dump price
<hp101>	@nihabaAshi do you use your three reports (STR, APAOR and AJCTR) currently? (or still other strategies)	11:15
<NihabaAshi>	Covered Remainder ER2 Short @ 685.30 --> + 0.2	11:16
<hp101>	because I consider to buy one of them or maybe all of them
<NihabaAshi>	hp...I've been trading via new strategies since November 2007 via concepts from the old strategies.	11:17
	I'll go back to the old stuff this fall
	Especially since the old stuff is key to my win streaks.
	Simply, I'm a little surprise my current win streak hasn't ended because I'm trading via new stuff :)	11:18
<hp101>	do you also give support if I have some questioins about the reports?
	that makes your experience I think ;)	11:19
<NihabaAshi>	hp...please send me a pm instead of talking about my stuff here in the open chat room because its a SPAM FREE room.
	Thansks
<hp101>	ok
<NihabaAshi>	If this intraday High - Low range was tighter...	11:25
	It would be extremely difficult to trade.
	Volatilitys sucks today and would be worst if we remove the 10am volatility spike info	11:26
	Off Topic - We are in another big time snow storm...the 9th one since November and the 3rd one that's a white out :(	11:27
	Snow in everbodies back yard is so high...we can walk about the snow (above the fence height) of about 6 feet	11:29
	That's the accumulation so far across my entire property and every one else :(
	Feels like I'm living in a snow cave.	11:30
<lumenPharmer>	so niha's vote on global warming is "nay" ;)	11:31
<NihabaAshi>	Front yard is completely covered with 15 feets of snow...9 feet added on from the snow blowing and street plows.
<intowin>	While here in florida I will be wakeboarding at 3 pm :)	11:32
<NihabaAshi>	:( just rub it in :)
<lumenPharmer>	lol
	oil up big today	11:33
<pw998>	so is gold	11:35
<Kn-Es>	srt 39.50
	s.l 41
<lumenPharmer>	wonder if we sell eod, er es nq all above current trend lines, so we shall see
<Kn-Es>	out 1/2 38.50 + 1.00	11:38
<lumenPharmer>	end of quarter funny stuff will start soon	11:40
<Kn-Es>	out 1/4 38.50 + 2.00	11:44
	out 1 38.00 + 2.50
	37
	and 37.50	11:46
	out 2 36.50 + 3.00	11:47
<robert>	nice 5 pt range in there	11:48
<Kn-Es>	out 1 36.00 + 3.50	11:49
	out 1 35.50 + 4.00
<szubaark>	Nice Kn
<Kn-Es>	thanks	11:50
	sl 39.50	11:51
	0.00
<szubaark>	here come the lower channel dip buyers
<Kn-Es>	i think it will break downward
	sometime today	11:52
<szubaark>	right now its watching Ping Pong
<Kn-Es>	well, if its ping pong, that a safe trade situation, u know price is not likely to breakout
	tp1 34.50+- tp2 32.50+-	11:54
* codehead_afk	is now known as codehead	11:55
<Kn-Es>	rev to lng 37.50 / out srt all (+2.00)	11:56
	out 1/2 38.50 + 1.00
<Prince8roll>	short ym 306 sl 310	11:57
<Kn-Es>	out 1/4 38.50 + 1.00	11:59
	s.l 35	12:00
	out 4 42.50 + 5.00	12:01
	out 1 41.50 + 4.00	12:02
	out 1 44.50 + 7.00
	tp1 45.50 tp2 46.50	12:03
	+-
<robert>	switching to paper trade	12:04
	Shorts ES @ 44.50
<Kn-Es>	out last 2 42.50 + 5.00
<robert>	Covered 1/2 ES Short @ 41.50 --> + 3
<Kn-Es>	lng 43	12:05
	sz
	sl 41
	out 1/2 44.00 + 1.00	12:08
<robert>	Covered 1/4 ES Short @ 43.75 --> + 0.75
	Covered Remainder ES Short @ 40.50 --> + 4
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)
<intowin>	what is going on?	12:09
<Kn-Es>	sng 38.50
<robert>	44.50
<Kn-Es>	lng
	out 2/3 39.50 + 1.00
<pw998>	getting killed today :(
<Kn-Es>	sl 35
	out 2 40.50 + 2.00	12:10
	out 2 41.50 + 3.00
	out 2 40.50 + 2.00	12:11
	out 1 42.50 + 4.00	12:12
<intowin>	Stocks have hit a session high, spiking on news that a major bond insurer could benefit from a bailout plan.	12:16
	yahoo page
<robert>	Shorts ES @ 39	12:17
	Covered all ES Short @ 37.25 --> + 1.75	12:18
<ItalianSharp>	<intowin> Stocks have hit a session high, spiking on news that a major bond insurer could benefit from a bailout plan.
	That was AMBAC
<Prince8roll>	ambac haltet	12:19
<intowin>	c
<Kn-Es>	add 2 36.50
<intowin>	market looks determined to test 30	12:21
<pw998>	kn are you long or short
	?
<Kn-Es>	long
<intowin>	30 coming	12:26
<Tim_a1>	insurance is a great business. cash the premium checks in good times, get bailed out in bad
<Kn-Es>	lng 34	12:27
<rickf>	short es 36.25 paper
<Kn-Es>	out 2/3 35 + 1.00
<rickf>	out 1/2 35 paper
<Kn-Es>	s.l 31.50
<rickf>	exit remainder 34 paper	12:29
	+ 2,25pts
<robert>	Long ES @ 34.75	12:30
	Exited all ES Long @ 36.75 --> + 2
<Kn-Es>	out 5 37 + 3.00
	out 2 37 + 2.00	12:31
<szubaark>	that was almost 2 1/2 hours of consolidation at intraday highs	12:32
<rickf>	short es 34.50 paper	12:36
<Kn-Es>	add 2 34
<rickf>	exit 1/2 33 +1.5pts paper	12:37
<Kn-Es>	nice trade rickf
<rickf>	ty	12:38
	exit remainder 33 +1,5 paper
<NihabaAshi>	Shorts ER2 @ 683.60 -> small size
	1 only
<Kn-Es>	out 2 34 35 +1.00	12:39
<NihabaAshi>	Hopefully Gold and Oil helps me because its another trade error...2nd one of the day.	12:40
	Usually when I have 3 trade errors in one day...I call it quits for the day.
	Covered ER2 Short @ 684.70 --> - 1.1	12:43
<rickf>	long es 1335.25 paper
<Kn-Es>	out 1 34 36 +2.00
<NihabaAshi>	Shorts ER2 @ 684.60 -> small size
	oh oh :(	12:46
	Covered ER2 Short @ 684.40 --> + 0.2	12:47
<rickf>	exit es 1336 +.75 paper	12:48
<robert>	Shorts ES @ 35.50 «« paper »»	12:49
	Covered 1/2 ES Short @ 34.25 --> + 1.25 «« paper »»
<NihabaAshi>	Long ER2 @ 683.80 -> small size
<rickf>	short es 1334.50 paper	12:50
<NihabaAshi>	That's the best entry I've had all day...no chasing...waited for a retrace...
<robert>	Covered 1/4 ES Short @ 33.75 --> + 1.75 «« paper »»
<Kn-Es>	rev 34 / out lng 0.00
<NihabaAshi>	Hopefully it produces a winner to make it worth the effort.	12:51
<Kn-Es>	s.l 36.75
<rickf>	exit es 1334 paper +.50
	grr fat-fingered the entry
<Kn-Es>	out 2/3 33 + 1.00	12:52
<NihabaAshi>	volatility collapsing
<robert>	Covered Remainder ES Short @ 33 --> + 2.5 «« paper »»
<rickf>	short es 1333.50 paper	12:53
<NihabaAshi>	volatility in a tight range	12:54
	Simply, this price spike could be just noise	12:55
<Kn-Es>	add 2 35.50
<szubaark>	We are at the lower range of the 10am "News Spike", which it was more like Stop whack	12:58
<Kn-Es>	add 2 36	12:59
<NihabaAshi>	Exited ER2 Long @ 685.10 --> + 1.3
<rickf>	exit es 1336 +1 paper	13:05
	(mod'd my order a few times)
<X>	#FuturesTrades Info ->  No gurus, no head traders...you're here to document your own trades and thoughts as you traverse from one trade to the next trade because it provides critical information you cannot get from your broker statements (real money or simulator)...use this room as your trade journal.	13:06
<Kn-Es>	lng 31	13:18
<intowin>	took a while but there is that 30
<robert>	Long ES @ 30.50 «« paper »»
<Kn-Es>	s.l 28	13:19
<robert>	Long ES @ 29.50 -> Add «« paper »»	13:21
<Kn-Es>	add 29
<robert>	Exited 1/3 ES Long @ 26.75 --> - 2.75 «« paper »»	13:25
	Long ES @ 27.50 -> Add «« paper »»	13:26
	Exited 1/3 ES Long @ 29.25 --> + 1.75 «« paper »»
	Exited 1/3 ES Long @ 29.75 --> - 0.75 «« paper »»	13:28
<szubaark>	All Indexes trying hard to stay Positive	13:31
<rickf>	short es 1327.50 (paper)	13:32
	exit es 1324.50 +3 (paper)	13:35
	holding 4
<robert>	Exited all ES Long @ 24.50 --> - 6 «« paper »»
<szubaark>	Covered all Short ES at 1323.50 --> + 10 «« paper »»
<lumenPharmer>	nice szub	13:36
<szubaark>	thanks.. tough trade. That 10am News spike threw me off as it was done to whack Stops
<ItalianSharp>	wow, they are really selling this thing off
	amazing selloff
	any news related to this?	13:37
	i do know we have the pending beige book at 2pm right?
<szubaark>	yup.. get the Shorts first, then the Longs
<pw998>	Nice tade. Missed the sell off, internet cut off :(
<robert>	Long ES @ 22.50 «« paper »»	13:38
<ItalianSharp>	this is a nice support area for ES/YM to rebound
<Kn-Es>	nice trade szubaark
<ItalianSharp>	we could see some serious rally off this area
<rickf>	exit remainder es 1322 +5.5 (paper)
<Kn-Es>	cool
<szubaark>	thanks..	13:39
<pdays>	Long ES @ 1322	13:40
<rickf>	beige book @ 1PM	13:41
	er 2PM
<szubaark>	they chaged it to 1pm?
<rickf>	sorry, typo -- 2PM ET
<robert>	Exited 1/3 ES Long @ 23 --> + 0.5 «« paper »»	13:43
<NihabaAshi>	Long ER2 @ 677.60 -> small size	13:44
<robert>	Exited 1/3 ES Long @ 24.25 --> + 1.75 «« paper »»
<pdays>	Exited 1/2 ES Long @ 1324.5 --> + 2.5	13:46
<robert>	Exited Remainder ES Long @ 24 --> + 1.5 «« paper »»	13:47
<pdays>	Exited Remainder ES Long @ 1324.0 --> + 2
<robert>	wtg pdays	13:49
<rickf>	vn	13:50
<NihabaAshi>	Lost my patience on this trade :(
	Looks like the pending Beige Book has most of the Longs spooked a little after that big drop	13:53
<szubaark>	Nice trades today Niha.	13:54
<NihabaAshi>	I was very conservative today...didn't want to push it too hard today	13:55
	Exited ER2 Long @ 679.30 --> + 1.7	13:58
<rickf>	nice niha
<NihabaAshi>	Yeah...just in time before the big boys make another move in reaction to the Beige Book.	13:59
<rickf>	short es 1325.25 (paper)	14:05
<Spartan>	Shorts ES @ 1325 «« paper »»	14:12
<rickf>	exit es 1325 (paper) +.25
<Spartan>	Covered Remainder ES Short @ 1327 --> - 2 «« paper »»	14:13
	too impatient:(
<rickf>	long es 1327	14:15
	paper
<codehead>	btw, the YM low today was right at the .618 retracement level	14:17
	of the range of yesteday's low to today's high
<rickf>	exit 1/2 es 1328.50 +1.5 paper
<Spartan>	Shorts ES @ 1328 «« paper »»	14:18
<rickf>	exit remainder es 1328 +1 paper	14:19
<werner>	nice rickf	14:27
<rickf>	ty
<codehead>	crude rocketing to new highs in the close	14:29
<pw998>	any guesses as to where the market is going?	14:41
<codehead>	if YM wants to get up here, it has .382 fib level at 12233, .500 at 12256, .618 at 12275	14:42
	consolidating in a rectangle now
<Spartan>	got disconnected, stopped out 1330 -2	14:47
<codehead>	YM .382 retrace level hit	14:48
	price pausing there	14:50
	almost tapped .500...	14:51
	within 3 ticks
<Spartan>	Shorts ES @ 1331 «« paper »»	14:54
<Prince8roll>	long ym 12221 sl 12218	14:59
<Spartan>	Covered 1/2 ES Short @ 1329 --> + 2 «« paper »»	15:00
	exit stop moved to breakeven ES @ 1331 «« paper »»	15:01
WRB Analysis	Learn More
<codehead>	AM crude hit 104.90	15:02
	12201 is .500 retrace of that YM move off bottom
	12188 is .628	15:03
<Prince8roll>	short ym 12219 sl 12221	15:05
	the market doesn't like me O.o	15:10
<codehead>	YM low of pb exactly .500 retracement, so far	15:11
<X>	#FuturesTrades Info ->  No gurus, no head traders...you're here to document your own trades and thoughts as you traverse from one trade to the next trade because it provides critical information you cannot get from your broker statements (real money or simulator)...use this room as your trade journal.	15:12
<tim_a1>	chop that stop	15:14
<Spartan>	exit stop lowered ES @ 1328.5 «« paper »»	15:20
<Prince8roll>	ym short 12284 sl 12294
	LMAO	15:21
<Spartan>	Covered Remainder ES Short @ 1328.5 --> + 2.5 «« paper »»	15:24
	Long ES @ 1329 «« paper »»	15:25
	Exited 1/2 ES Long @ 1331 --> + 2 «« paper »»	15:28
	exit stop moved to breakeven ES @ 1329 «« paper »»
	Exited Remainder ES Long @ 1329 --> 0 «« paper »»	15:30
	Long ES @ 1330 -> small size «« paper »»	15:31
	exit stop set ES @ 1330 «« paper »»	15:33
	Exited all ES Long @ 1330 --> 0 «« paper »»	15:36
	Long ES @ 1330 «« paper »»	15:39
	Exited 1/2 ES Long @ 1332 --> + 2 «« paper »»	15:55
	Exited Remainder ES Long @ 1334 --> + 4 «« paper »»	15:58
<startrader>	morgan buys 1200
<Brutus>	gn all	16:06
<NihabaAshi>	Take care all and see all tomorrow	16:13
* NihabaAshi	is now known as NihabaAshi_away	16:14
* DisconnectedSession	Close: Wed Mar 05 16:22:55 2008	16:22
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.

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

DAX   FTSE-100   CAC-40   EC   ER2   ES   NQ   YM   QQQQ   SPY   IWM   DIA   CL   QM   NG   OIH   XLE   GC   GLD   ZN   ZB   ZF   BUND   EurUsd   UsdCdn

Copyright © 2002 - 2008. The Strategy Lab. All rights reserved.