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#FuturesTrades March 12th Wednesday 2008 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+26.20	+169.50	+938.00
$2,620	$16,950	$93,800

Profitable Trade

1529pm - 1558pm est

Losing Trade

1049am - 1052am 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: Wed Mar 12 09:29:16 2008Session Ident: #FuturesTrades

* Now talking in #FuturesTrades 09:29

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

<PapaJon> gm all

<pat15> gm all

<rickf> short es 1324.25 paper

-> *Good* morning all 09:30

<NihabaAshi> Good morning all 09:31

<rickf> morning niha

<silo> morning

<werner> gm niha

<pat15> gm N

<Spartan> gm

<rickf> exit 1/2 es 1323 paper + 1.25 09:32

<drt> gm everyone

<taku> gm niha 09:34

<rickf> short es (add) av pos 1325.25 09:36

<Spartan> Shorts ES @ 1325.25 «« paper »» 09:39

<silo> Shorts ER2 @ 675.50 «« paper »» 09:40

<rickf> exit 1/2 es 1324.25 +1 paper

exit remainder es 1323.50 +1.75 paper

short es 1323.75 paper 09:41

<Spartan> Covered all ES Short @ 1323.25 --> + 2 «« paper »»

<silo> Shorts ER2 @ 674.50 -> Add «« paper »» 09:42

Covered 1/2 ER2 Short @ 673.30 --> + 1.2 «« paper »» 09:44

Covered Remainder ER2 Short @ 673.20 --> + 2.3 «« paper »» 09:45

<rickf> exit es 1320.75 +3 paper

short es 1321 paper 09:46

<silo> man should've held tthat second half

NQ is coming down from its up channel

<rickf> yah no kidding

<silo> all the way from the top

<rickf> still not comfy holding for long time - doing in/outs for small set gains is more comfortable for me @ the moment 09:47

at least i can MANAGE trades better now :)

<Spartan> suppot area for ES on 15 min chart right now

don't know if it will hold though 09:48

<szubaark> Shorts ES @ 1319.25 «« paper »»

<robert> Shorts ES @ 25 09:51

Covered 1/2 ES Short @ 23.50 --> + 1.5

Covered Remainder ES Short @ 20 --> + 5

<silo> boy oh boy 09:52

<rickf> exit es 1318 +3 paper 09:53

short es 1319.50 paper 09:56

intuition

<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 09:58

<rickf> exit es 1319.50 breakeven +0 paper 10:01

<silo> Shorts ER2 @ 670.80 -> small size «« paper »» 10:02

intuition

<rickf> grr there it goes :(

short es 1319 small size

<silo> :P

<NihabaAshi> weak support area here for ER2 10:03

<silo> Shorts ER2 @ 699.20 «« paper »» 10:04

Shorts ER2 @ 699.20 -> Add «« paper »»

<Spartan> Shorts ES @ 1318 «« paper »»

<silo> that was supposed to be an add

:P

oh yeah

:P 10:05

Covered all ER2 Short @ 668.40 --> + 61.6 «« paper »»

wtf

oh oops

i typed it wrong

<rickf> exit 1/2 es 1316 +3 paper 10:07

holding 2

<Andy> Long ER2 @ 668.0 «« testing »»

<silo> that's +3.2 for me from that last trade

punched the wrong numbers :P

<rickf> great trading morning 10:08

silo - nice!

<silo> daily profit target reached :P

<rickf> i was in PPM for a while actually

<silo> hey sep34 10:09

<rickf> though since the demo account expires soon I am being a tad adventurous at times

wont be trading real $$ until next week when i get back from a work trip, but my new acct is set up and funded 10:10

<NihabaAshi> another weak support area

<Spartan> Covered Remainder ES Short @ 1318 --> 0 «« paper »»

<Andy> Exited all ER2 Long @ 668.5 --> + 0.5 «« testing »»

<Spartan> just couldn't hit my 1316 10:11

<NihabaAshi> Long ER2 @ 669.00 -> large size 10:15

<rickf> exited remainder es at breakeven +0 paper 10:17

<NihabaAshi> Exited 2/3 ER2 Long @ 670.10 --> + 1.1 10:20

<Spartan> Shorts ES @ 1320.25 «« paper »»

risky one 10:21

<NihabaAshi> No longer have support of Oil and Gold 10:23

Simply, ER2 is on its own

<rickf> first time in a while i've had significant divergances between the 2 indicators i use for confirmations 10:25

*shrug*

<NihabaAshi> oh oh 10:26

<rickf> short es 1319.50 10:27

paper

<pat15> petroleum report coming 10:28

<NihabaAshi> Looks like the market is waiting for those EIA Petroleum Status Report numbers 10:29

tightning up my trailing stop

<rickf> yah i forgot about them before entry . stupid.

<Spartan> oil getting a beat down 10:31

<NihabaAshi> Exited ER2 Long @ 671.30 --> + 2.3

<rickf> nice niha

<silo> nice

<Spartan> Covered all ES Short @ 1320.25 --> 0 «« paper »» 10:34

that was an annonying trade

Long ES @ 1322 «« paper »» 10:37

<rickf> exited es 1322 -3.5pts paper 10:41

lesson learned :(

<Spartan> Exited all ES Long @ 1324 --> + 2 «« paper »»

finally 10:42

<NihabaAshi> weak resistance area for ER2

<rickf> short es 1323.75 paper small size 10:44

<NihabaAshi> Shorts ER2 @ 673.80 -> medium size 10:49

<Spartan> Long ES @ 1324 «« paper »»

Exited all ES Long @ 1326 --> + 2 «« paper »» 10:51

<NihabaAshi> Covered ER2 Short @ 674.80 --> - 1 10:52

<TraderO> Shorts ER2 @ 674.8

<NihabaAshi> Shorts ER2 @ 675.00 -> medium size 10:55

<Spartan> My trading goal for the day has been reached since it is a half day for me. Looking for VERY ideal setups only now. 10:56

<NihabaAshi> Covered ER2 Short @ 675.60 --> - 0.6 10:58

Long ER2 @ 676.00 -> medium size 10:59

<silo> Long ER2 @ 676.70 -> medium size «« paper »» 11:00

<NihabaAshi> Exited ER2 Long @ 677.30 --> + 1.3 11:02

<RexV> ss ES 1327.25

<szubaark> Weird 2 sided action

<pat15> vn n

<RexV> scratch 11:04

<robert> Shorts ES @ 28 «« paper »» 11:06

<TraderO> Covered all ER2 Short @ 677.8 --> - 3 11:08

<robert> Shorts ES @ 30 -> Add «« paper »» 11:11

<silo> Exited 2/3 ER2 Long @ 680.10 --> + 3.4 «« paper »» 11:12

support from oil and gold 11:15

:P

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> amazing runup since yersturday 11:16

<Andy> Shorts ER2 @ 681.1 «« paper »» 11:17

<robert> Shorts ES @ 32 -> Add «« paper »» 11:18

just playing around with s/r lines

<NihabaAshi> Make sure the FED, ECB and Bank of Canada gets a "thank you" card :)

<silo> lol

oil and gold still supporting

]this is ridiculous

<NihabaAshi> When the market is dropping...they are the blame game.

When the market is rising...no more hate mail :) 11:19

<silo> Exited Remainder ER2 Long @ 681.10 --> + 4.4 «« paper »»

<Andy> Covered 2/3 ER2 Short @ 680.6 --> + 0.5 «« paper »» 11:21

<Spartan> nice silo 11:22

<silo> THIS IS SPARTA!!!!!!

haha

thanks

<Spartan> exactly 11:23

ever see 300? That battle is how I view trading the market. Spartan warriors/traders must be fearless in battle. I'm a little crazy, bare with me. 11:25

<Andy> Covered Remainder ER2 Short @ 680.2 --> + 0.9 «« paper »» 11:29

<robert> Covered 1/3 ES Short @ 29.50 --> + 2.5 «« paper »» 11:33

Covered 1/3 ES Short @ 29.25 --> - 1.25 «« paper »» 11:34

not calculating right, mostly b/e

Covered Remainder ES Short @ 30 = b/e --> + 28 - 30 = b/e «« paper »» 11:39

<pdays> Long ER2 @ 679.8 11:40

Exited all ER2 Long @ 680.2 --> + 0.4 11:41

<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 12:04

<pat15> later guys ty 12:11

* Spartan is now known as Spartan_Away 12:17

<rickf> short es 1325 paper 12:26

<NihabaAshi> Shorts ER2 @ 676.30 -> small size 12:50

<rickf> exit 1/2 es 1320.50 +3.5 paper

<NihabaAshi> Covered ER2 Short @ 677.30 --> - 1 13:00

<rickf> exit remainder es 1324.50 +.5 paper 13:01

short es 1324.50 small size paper 13:11

<szubaark> Nice entry rick 13:13

<rickf> ty szu

<szubaark> ES looks like wants to pullback NQ ER giving problems 13:22

<NihabaAshi> Shorts ER2 @ 678.30 -> small size 13:34

<szubaark> ES on its own 13:40

<rickf> exit 1/2 es 1320.50 +4 paper 13:41

holding 2

<NihabaAshi> Covered ER2 Short @ 676.90 --> + 1.4

<szubaark> Nice Niha and rick 13:42

<rickf> thx - makes up for that bad trade at 1030 :)

<TrDs> finally 13:43

<szubaark> finally getting the pullback i was waiting for since the open

ES nicely Leading other indices TODAY 13:44

<rickf> enjoy while it lasts :)

<szubaark> was looking for Pullback below 1310 First then Whack Overnight Stops above 1331 13:45

<tim_a1> totally schitzo action 14:06

<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 14:07

<Andy> Long ER2 @ 674.4 «« paper »» 14:15

Exited 3/4 ER2 Long @ 675.2 --> + 0.8 «« paper »» 14:16

Exited Remainder ER2 Long @ 674.6 --> + 0.2 «« paper »» 14:25

<ItalianSharp> the treasury budget doesnt seem to have produced much volatility so far 14:28

<szubaark> sometimes it does, sometimes it doesnt 14:29

Im sure if were were around some major S/R area during the report we would have Volatility :)) 14:30

<silo> hey guys.... what's a good futures broker to use? 14:43

<Andy> Shorts ES @ 1323.25 «« paper »» 14:45

<rickf> i am starting with open ecry next week

their platform is pretty darn awesome imho

<Andy> Covered 3/4 ES Short @ 1321.5 --> + 1.75 «« paper »» 14:46

<rickf> bee papertrading the oec client for 3 weeks and done rather well --- MUCH better than where I was

<Andy> Covered Remainder ES Short @ 1323 --> + 0.25 «« paper »» 14:50

<szubaark> Covered all Short ES at 1323 --> - 3.75 «« paper »» 14:52

* szubaark is now known as szubaark_away

<rickf> k guys i'm out for the day. see ya tomorrow 14:57

<NihabaAshi> Shorts ER2 @ 674.90 -> small size 15:08

Thats a Long

Long ER2 @ 674.90 -> small size

Exited ER2 Long @ 674.10 --> - 0.8 15:11

Reverse and Enter Short ER2 @ 674.10

Covered ER2 Short @ 674.70 --> - 0.6 15:13

Long ER2 @ 674.70 -> medium size 15:15

* sep34 is now known as sep34_away 15:21

<NihabaAshi> Some chop but without the pin ball machine price action 15:22

I spoke too soon :( 15:23

There's that pin ball machine price action 15:26

Exited ER2 Long @ 674.90 --> + 0.2 15:28

I held on to that as long as I could :(

Shorts ER2 @ 674.00 -> medium size 15:29

Should'uv had a Short around 674.30 15:31

Covered ER2 Short @ 671.70 --> + 2.3 15:34

Holding 1 contract remainder 15:35

This has a chance for a new intraday low 15:45

If that happens...I'll be surprise considering I have a bullish bias still intact due to the FED, ECB and Bank of Canada infusion yesterday 15:46

<codehead> 12100 YM is .500 retrace of the move from yesterday's low to today's high 15:47

actually formt he retest of the low, which was 5 above the low, but basically talking about the continuous move up starting at change of trend 15:48

<NihabaAshi> Surely this can't be related to the 2pm Treasury Budget 15:50

4pm rush hour traffic up next 15:52

Hopefully bargain hunters don't show up

I would rather see profit takers show up to protect their profits

tightning up my trailing stop just in case this pops to the upside 15:53

ER2 new intraday lows...looks like the BEAR is trying to regain control. 15:57

Covered Remainder ER2 Short @ 666.80 --> + 7.2 15:58

WRB Analysis

Learn More

<werner> wosa nice 16:00

<codehead> the .500 retrace level held, for to wihin 2 ticks 16:03

<NihabaAshi> Some weird price action was occurring around that ER2 intraday low of 667.10 16:04

Reason why I didn't hang around too long when it finally dropped below it.

<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 16:10

<codehead> in the past, i've noticed weird action around 666

low was 666.30

may be superstitious traders 16:11

<NihabaAshi> Take care and see all tomorrow 16:47

* DisconnectedSession Close: Wed Mar 12 16:47:21 2008

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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

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