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#FuturesTrades March 10th Monday 2008 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+18.50	+103.60	+872.10
$1,850	$10,360	$87,210

Profitable Trade

1123am - 1143am est

Losing Trade

"no losers today...rarely happens".

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: Mon Mar 10 09:16:22 2008Session Ident: #futurestrades

* Now talking in #futurestrades 09:16

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

<PapaJon> gm all 09:28

<ItalianSharp> morning all

<drt> gm everyone 09:29

<rickf> gm 09:30

<werner> gm all 09:32

* subq today's market profile charts - http://www.charthub.com/chart/search/mpc hart

<szubaark> Buys ES @ 1290.50 «« paper »» 09:39

<KiwiRoo> when was time zone adjusted? 09:40

<PapaJon> Sunday at midnight

<KiwiRoo> Koool..thanks. 09:41

<PapaJon> sorry.. meant saturday at mdnight

12:01am sunday

<KiwiRoo> hehehe k....

<szubaark> Exited all Long ES at 1292 --> + 1.5 «« paper »» 09:47

Shorts ES @ 1290.25 «« paper »» 09:49

exit stop moved to breakeven ES @ 1290.25 «« paper »» 09:52

Covered all Short ES at 1290.25 --> 0 «« paper »» 09:54

<rickf> short es 1292.75 oaoer 10:04

exit 1/2 es 1290.25 paper + 2.75 10:06

<szubaark> Shorts ES @ 1288.25 «« paper »»

<rickf> exit remainder es 1289 paper +3.75 10:09

<szubaark> nice rickf

<rickf> thx szu

<pat255> vn rick 10:10

<rickf> thx

hope it can be w/real money this week when my new acct gets setup :) 10:12

short es 1290.50 paper 10:13

<X> #FuturesTrades Info -> No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended without their permission. More info at www.thestrategylab.com/FuturesTradesChat Room.htm 10:16

<rickf> exit es 1288 +2 paper 10:21

short es 1288.75 10:29

paper

<NihabaAshi> Long ER2 @ 657.10 -> large size 10:30

<rickf> added es short 1291 paper 10:32

<NihabaAshi> Exited ER2 Long @ 657.30 --> + 0.2 10:33

Long ER2 @ 658.00 -> large size 10:36

Exited ER2 Long @ 658.10 --> + 0.1 10:38

Get trade signals so far today...just not getting what I want so far. 10:39

<szubaark> would like to see then test Fridays low on ES

<silo2> you out all of it?

<NihabaAshi> Eventually the market will give me it :)

<rickf> exit 1/2 es 1390 +2 pts (paper) - i added on the way up 10:42

exit remainder es 1389 +3 paper 10:43

<pdays> Shorts ER2 @ 657.6

Covered all ER2 Short @ 656.8 --> + 0.8 10:44

<rickf> hrm. 3 really good entries/exits today. i need to figure out what makes today different from other days in the past week. 10:50

got my homework for tonight cut out for me

weird 10:51

short es 1291.25 paper 10:59

Trading Edge:
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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> ES in a tight 5pt Range 11:00

<rickf> yep 11:02

<NihabaAshi> DAX not doing so hat right now 11:08

<szubaark> see Euro making highs since Open 11:09

<rickf> jeez oil at 107 11:14

exit es 1288 +3.25 paper 11:22

<werner> nice rickf 11:23

<rickf> ty werner

<szubaark> nice trades rickf

<NihabaAshi> Shorts ER2 @ 654.30 -> small size

<silo2> institution short here

:P

<rickf> short es 1287 paper 11:24

<NihabaAshi> Yep...intuition short for me. 11:27

<rickf> exit es 1285 paper +2

<NihabaAshi> Covered 2/3 ER2 Short @ 651.30 --> + 3 11:29

Holding 1 contract remainder

Didn't expect that type of a drop.

<szubaark> Nice Niha. and good managment on your earlier Longs that didnt work out. 11:30

<rickf> indeed - you deserve a break after all that :)

<szubaark> Euro nice pop to upside. 11:31

<V_trader> Long YM @ 11835 -> medium size 11:33

<rickf> short es 1283.75 small size paper 11:35

<V_trader> Exited 1/2 YM Long @ 11843 --> + 8 11:36

exit stop moved to breakeven YM @ 11835 11:37

Exited Remainder YM Long @ 11835 --> 0 11:40

<szubaark> Covered all Short ES at 1282.50 --> + 5.75 «« paper »»

<NihabaAshi> Covered ER2 Short @ 649.10 --> + 5.2 11:43

Reached by profit goal today :) 11:45

<rickf> exit es 1280 +3,75 paper 11:47

<V_trader> Shorts YM @ 11836 -> small size 11:54

<rickf> short es 1282.75 paper 11:57

<V_trader> Covered 2/3 YM Short @ 11826 --> + 10 12:02

<rickf> nice!

<V_trader> exit stop moved to breakeven YM @ 11836

<rickf> exit es 1279.75 paper +3 12:04

<V_trader> exit stop lowered YM @ 11808 12:05

<rickf> short es 1279.50 small size

just going for small gains now.....2 point targets

<V_trader> Covered Remainder YM Short @ 11808 --> + 28 12:09

<futurible> vn V_trader 12:10

<rickf> exited es 1278 +1.5 paper (late, sorry)

nice on Vtrade 12:13

<V_trader> thxs rick

<rickf> short es 1283 paper 12:17

<X> #FuturesTrades Info -> No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended without their permission. More info at www.thestrategylab.com/FuturesTradesChat Room.htm 12:22

<rickf> short es 1286 (add) -- new pos price 1285

oops 1284

exit 1/2 es short 1281.75 +2.25 paper 12:29

<NihabaAshi> Lunchtime...hope I don't miss anything while gone. 12:34

I usually do :(

* NihabaAshi is now known as NihabaAshi_away 12:35

<rickf> exit remainder es short 1284 +0 breakeven paper 12:36

<V_trader> Long YM @ 11829 -> small size 12:50

Exited 1/2 YM Long @ 11839 --> + 10 12:51

exit stop moved to breakeven YM @ 11829

Exited 1/2 YM Long @ 11854 --> + 25 12:55

exit stop raised YM @ 11853 12:56

Exited Remainder YM Long @ 11870 --> + 41

<szubaark> Shorts ES @ 1286 «« paper »» 13:08

Covered all Short ES at 1383.50 --> - 97.5 «« paper »» 13:21

Shorts ES @ 1386 «« paper »»

Shorts ES @ 1286 «« paper »»

Covered all Short ES at 1283.50 --> + 2.5 «« paper »»

<codehead> long YM 11835 <paper> 13:24

stop under 11820

exit YM + 4 ticks <paper> 13:25

i gotta do some work

<rickf> shorted es 1282.75 small size paper 13:34

<codehead> YM bid 13:42

long YM 11823 <paper>

stop 11813 <paper> 13:43

set stop flat, back to work

out flat, bye

oh well it was good 13:45

<szubaark> see u code 13:46

<codehead> some margin calls going off here near top fo the hour? 13:59

ER diving to new lows

<rickf> these days? i hear margin calls are happening VERY frequently *cough Carlysle* 14:00

maybe the afternoon programmed sales starting early? 14:01

* NihabaAshi_away is now known as NihabaAshi

<Andy> Long ER2 @ 647.7 «« paper »» 14:08

<codehead> QM crude 108.00 14:09

hit

<Andy> Long ER2 @ 647.4 «« paper »»

corrected

<rickf> exit es 1277 +5.75 paper 14:10

<codehead> 108.175 14:11

QM

<NihabaAshi> Long ER2 @ 648.00 -> small size 14:12

Chasing due to some data problems that prevented a proper entry :( 14:13

<Andy> Exited 2/3 ER2 Long @ 648 --> + 0.6 «« paper »»

<Pepe> nice Andy

<Andy> thanks Pepe

<rickf> good scalp andy

<Andy> thanks rickf 14:14

could have one more push

<NihabaAshi> Pin Ball Machine price action 14:16

<Andy> Exited Remainder ER2 Long @ 648.7 --> + 1.3 «« paper »»

<NihabaAshi> Exited all ER2 Long @ 648.80 --> + 0.8 14:17

I'm officially in profit protection mode... 14:21

1 contract only for the remainder of the trading day.

<rickf> hey niha - rough day, good to GET to PPM, eh? 14:22

<codehead> Qm 108.225 surge 14:23

<rickf> short es 1275.75 paper 14:24

<X> #FuturesTrades Info -> No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended without their permission. More info at www.thestrategylab.com/FuturesTradesChat Room.htm 14:25

<rickf> exit 1/2 es 1372.75 +3 paper 14:26

<Andy> nice, rickf 14:30

<rickf> ty 14:31

shorts es again; avg pos 1277 14:35

<codehead> YM bounce within a few ticks of .382 retrace for the bounce 14:36

11825 is .618

.500 hit 14:39

buy YM small 11760 <paper> 15:10

we may get more down first...

<NihabaAshi> Shorts ER2 @ 646.20 -> small size 15:12

intuition only

<codehead> thinking we could flush more into cash close, likely get some bounce around cash close 15:13

<NihabaAshi> Covered ER2 Short @ 645.90 --> + 0.3 15:14

My entry should have been much better on that...

Decided to take the few ticks profits and just go to the sidelines 15:15

<rickf> exit 1/2 es 1275 +2 paper 15:16

<NihabaAshi> Long ER2 @ 645.40 -> small size 15:17

Doing some more chasing 15:18

Exited ER2 Long @ 648.20 --> + 2.8 15:23

WRB Analysis

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<codehead> exit 1 c +2 YM <paper>

holding 1c <paper>

<NihabaAshi> I'm done for the trading day :) 15:24

* NihabaAshi is now known as NihabaAshi_away

<codehead> exit YM +30 <paper> 15:35

cash close could squeeze anther 80 if things get wild, but i'm working, not watching

<rickf> exit remainder es 1376 +1 paper 15:40

<codehead> long 1c Ym 11754 <paper>

<rickf> done for the day - not getting greedy

<codehead> ugly 15:41

exit YM -5 <paper> 15:42

still think cash close bounce 15:43

<rickf> k guys have a good one, see you tomorrow

<codehead> long 11746 1 c YM <paper> 15:44

why not

raise stop to +20 <paper>

out +20 15:45

tried to type fast enbough to get the +30--lol

long 1c 11753 <paper> 15:46

stop YM +10 <paper>

hit 15:47

long Ym 1c 11753 <paper>

not pretty yet tho

may need new lows 15:48

exit +4 <paper> 15:50

long 1c YM 11746 <paper> 15:52

10 tick stop

prolly no bounce till cash close

stopped

long 11740 <paper> 1c 15:53

raise stop to +16 15:55

filled

long 11747 <paper> 15:56

raise stop to b/e +2 15:57

raise stop to be/ +10 16:00

raise to b/e +12

raise to b/e +15 16:01

hit

i think more upside into close than down... 16:03

so might get more ups here

ER nice since cash close

yup... 11787 hit 16:04

<werner> gn all 16:27

<X> #FuturesTrades Info -> No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended without their permission. More info at www.thestrategylab.com/FuturesTradesChat Room.htm 16:31

* DisconnectedSession Close: Mon Mar 10 19:44:46 2008 19:44

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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.