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#FuturesTrades April 16th Wednesday 2008 Trade Log

 

Russell 2000 Emini ER2 Futures

Today Month Year
+17.70 +142.90 +1335.80
$1,770 $14,290 $133,580

Profitable Trade

0932am - 1019am est

Losing Trade

1244pm - 1300pm est

click on image to view actual size

 

Current Performance Record

Key Trades of the Day

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.
Time Zone Info Chat Log below is eastern standard time (est) - New York City, U.S.A and/or Montréal, Canada time zone.
Session Start: Wed Apr 16 09:27:54 est 2008 Session Ident: #futurestrades
* Now talking in #futurestrades09:27
<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<rickf> gm all09:28
<Andy> gm all
<anglo> gm
<drt> gm guys09:29
<NihabaAshi> Ding Ding Ding

Good morning all09:30

Nice big gap to the upside09:31

Long ER2 @ 698.80 -> large size 09:32
<szubaark>  Shorts ES @ 1348.50 «« paper »»
exit stop set ES @ 1349.50 «« paper »»
<NihabaAshi>  Exited 1/3 ER2 Long @ 700.20 --> + 1.4 09:35
<szubaark>  Covered all Short ES at 1349.50 --> - 1 «« paper »»
<talickca> Morning.09:38
<rickf> gm talicka
short es 1348 paper09:39
<szubaark>  Shorts ES @ 1348.25 «« paper »»

exit stop set ES @ 1350 «« paper »» 09:45

Covered all Short ES at 1350 --> - 1.75 «« paper »» 09:48

Buys ES @ 1350 «« paper »»
<rickf> exit es 1350 -2 paper
<NihabaAshi>  Exited 1/3 ER2 Long @ 701.30 --> + 2.5
<rickf> long es 1350 paper
<NihabaAshi>  Exited ER2 Long @ 703.10 --> + 4.3 09:51

Holding 1 contract remainder
<rickf> nice niha
reverse es 1350 paper09:52
  
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>  Exited all Long ES at 1349 --> - 1 «« paper »» 09:55

Shorts ES @ 1349 «« paper »»
<rickf> lotta support around 48 on the es09:59
<eminitrader> prolly brek it this time10:01
<pat255> gm all..
still stuck @ office today...:(10:02
<rickf> exit 1/2 es 1348 +2 paper

exit remainder es 1349 +1 paper10:05
<eminitrader> u had a nice entry r..10:07
<rickf> thx em
<pat255> em u guy slooking for S on this move up?10:08
<rickf> short es 1349 paper
<eminitrader> am short 1350.50
will hold for a probable gao fill10:09
<pat255> kty

nice
<NihabaAshi>  Exited Remainder ER2 Long @ 704.30 --> + 5.5 10:19
<pat255> wow vn N10:20
<szubaark>  Covered all Short ES at 1351 --> - 2 «« paper »»
Buys ES @ 1351 «« paper »»
guess wants to go up
<rickf> exited es 1351.50 =1.5 paper10:21
<pat255> dang strong move up10:22
<Andy>  Shorts ES @ 1353.5 «« paper »» 10:26
<futurible> vn Niha10:27
<werner> gm all10:30
<rickf> gm werner10:31
<talickca> gm
<rickf> er "tagen, werner" :)
<werner> :)
<Andy>  Covered all ES Short @ 1355 --> - 1.5 «« paper »» 10:32
<szubaark>  Exited all Long ES at 1355.25 --> + 4.25 «« paper »»
<NihabaAshi> I didn't expect a trend day so far today.10:33
In fact, I was expecting contracting volatility
However, the price action changed dramatically around 0830am est10:34
<talickca> This does come as a suprise
<NihabaAshi> Yeah and volatility is good too10:38
Volatility has only contracted today between 1000am - 1016am est10:40
That's only about 16mins of price noise
Should have knocked on wood...10:41
Volatility contracting right now :)
<rickf> k guys off for a bit, lunch meeting than dentist followup. :(10:42
<NihabaAshi> ER2 filled in a big GAP from Thurs - Fri of last week
Weak resistance area right now10:43
<talickca> c ya rickf10:45
<Bambam-77> would like to see es hit 60.7510:51
<NihabaAshi>  Long ER2 @ 708.90 -> small size 10:52

2 only
<Bambam-77> no real selling just yet
<szubaark>  Buys ES @ 1356.25 «« paper »»
<Bambam-77> is getting weaker climbing on low vol10:53
<NihabaAshi> Geeesh...ER2 should have tested the 710 price area by now again11:00

Exited ER2 Long @ 709.00 --> + 0.1 11:03
<Bambam-77> tells us there is a block of seller up here
<NihabaAshi> :(
<szubaark> looking like a Creeper now11:13
* codehead_afk is now known as codehead11:27
<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.htm11:29
<talickca> Going nowhere.11:30
<KN-ES>  Shorts ES @ 1354.50 11:45
s.l 1
Covered 1/2 ES Short @ 1353 --> + 1.5 11:50
Covered 1/4 ES Short @ 1353.50 --> + 1 11:55
Covered ES Short @ 1353.75 --> + 0.75 12:00
Reverse and Enter Long ES @ 1353.75
s.l 1
Exited ES Long @ 1354 --> + 0.25 12:03
Reverse and Enter Short ES @ 1354
s.l 1
Covered ES Short @ 1354.50 --> - 0.5 12:05
Reverse and Enter Long ES @ 1354.50
s.l 1
Exited 1/2 ES Long @ 1356 --> + 1.5 12:13
<talickca>  Shorts ES @ 1356.
<szubaark> nice scalps KN, you're quick12:16
<KN-ES>  Exited 2C ES Long @ 1356.50 --> + 2 12:18

thanks

Exited 1C ES Long @ 1357 --> + 2.5 12:19
<talickca>  Covered all ES Short @ 1357.00 --> - 1
<KN-ES> h5

s.l 54.50 0.00

Exited 1C ES Long @ 1358 --> + 3.5 12:23

Exited 1C ES Long @ 1357.50 --> + 3 12:24
<talickca> Alright I'm off for the day, this is no fun. C ya guys.12:25
<KN-ES>  Exited 1C ES Long @ 1358.50 --> + 4 12:28

s.l 55.50 + 1.00 tp1 59.50+- tp2 63.50 +-12:29

brb

Exited ES Long @ 1357 --> + 2.5 12:37

Reverse and Enter Short ES @ 1357

s.l 112:38
<NihabaAshi> low flat lined volatility12:43
Shorts ER2 @ 708.80 -> small size 12:44
I just got hit with a migraine headache :(12:50
<Andy> :(
<KN-ES> :(
Covered ES Short @ 1357.75 --> - 0.75 12:53
Reverse and Enter Long ES @ 1357.75
s.l 1
wansnt rev
sl hit
then lng12:55
<NihabaAshi> ER2 fighting hard to keep from declining12:58

Covered ER2 Short @ 709.70 --> - 0.9 13:00

Reverse and Enter Long ER2 @ 709.70
<KN-ES>  Exited 1/4 ES Long @ 1358.75 --> + 1 13:01
<NihabaAshi>  Exited ER2 Long @ 709.00 --> - 0.7 13:02

Reverse and Enter Short ER2 @ 709.00

increased to 3 contracts13:03

I'm trading within a 7 - 9 tick range :(13:04

Geeeesh13:07

shallow looking WRB pt1 :(13:08

Anybody has ER2 jumpy right now ???13:14

I'm starting to think I have "sticky data".
<Pepe> I have normal data13:15
<bern_> I think is not your data, mine with dtn iq also jumpy in a .60 range
<NihabaAshi> When I hear my hard drive kick in and then I see a data spurt...13:19
Usually a sign I'm having some sort'uv data stream problem13:20
Won't use market hour in situations like this when I suspect data problems
hour = order
Covered ER2 Short @ 708.50 --> + 0.5 13:26
Be back later...going to to take casre of my migrain headache13:27
<bern_> get well
* NihabaAshi is now known as NihabaAshi_away
<brotherofjared>  Shorts ES @ 708.3 13:30

es=ER2
<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.htm13:35
<szubaark>  Exited all Long ES at 1356 --> - 0.25 «« paper »» 13:36

Shorts ES @ 1356 «« paper »»
<Spartan>  Long ER2 @ 708 -> small size «« paper »» 13:49
<pat255> beige book in 10 min
<Spartan>  Exited all ER2 Long @ 708 --> 0 «« paper »» 13:53
Shorts ER2 @ 708.1 -> small size «« paper »» 13:56
<szubaark> Spartan u switching to ER2?13:57
<Spartan> today I am
<szubaark> its like ES at twice the Speed
<Spartan> yeah I know
es on crack
testing ideas13:58
Covered all ER2 Short @ 707.6 --> + 0.5 «« paper »» 14:00
drats
<KN-ES>  Long ES @ 1355 14:01

Exited 1/4 ES Long @ 1356 --> + 1

Exited ES Long @ 1356 --> + 1

Reverse and Enter Short ES @ 1356

s.l. 114:02
<szubaark> No Reaction to Beige Book14:04
<KN-ES>  Covered 3/4 ES Short @ 1355 --> + 1 14:05

s.l 57.25
<Spartan>  Shorts ER2 @ 706.3 -> small size «« paper »» 14:06
<KN-ES> should atleast see 52

Covered 1C ES Short @ 1354.50 --> + 1.5
<Spartan>  Covered all ER2 Short @ 705.8 --> + 0.5 «« paper »» 14:07
<szubaark> lots of Stops underneath, including Overnight Creep
<KN-ES> huge vol
most likely stop hunt b4 heading to 140014:08
Covered ES Short @ 1354.50 --> + 1.5
Reverse and Enter Long ES @ 1354.50
sl 1
Exited ES Long @ 1355 --> + 0.5 14:11
Reverse and Enter Short ES @ 1355
sl 1
<brotherofjared>  Covered all ER2 Short @ 705.3 --> + 3
<KN-ES>  Covered 1/2 ES Short @ 1354 --> + 1
Covered ES Short @ 1354 --> + 1 14:12
Reverse and Enter Long ES @ 1354
sl 1
nice trade brotherofjared
Exited ES Long @ 1354.25 --> + 0.25
Reverse and Enter Short ES @ 1354.25
Covered ES Short @ 1354.00 --> + 0.25 14:13
Reverse and Enter Long ES @ 1354.00
sl 1

Covered all ER2 Short @ 706.1 --> - 0.7 «« paper »» 14:15
<KN-ES>  Exited 3/4 ES Long @ 1355 --> + 1
Exited ES Long @ 1355 --> + 1 14:16
Reverse and Enter Short ES @ 1355
sl 1
sl 56.75
Shorts ES @ 1355.50 -> Add 14:17
  
WRB Analysis
  
<Spartan>  Shorts ER2 @ 707 «« paper »» 14:18

Covered all ER2 Short @ 707.6 --> - 0.6 «« paper »» 14:19

Long ER2 @ 707.8 -> small size «« paper »» 14:40
* Disconnected 14:45
* Attempting to rejoin channel #futurestrades14:46
* Rejoined channel #futurestrades
<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTra desChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrad es.htm
<szubaark> tough, confusing Price Action14:48
Covered all Short ES at 1357.50 --> - 1.5 «« paper »» 14:50
* szubaark is now known as szubaark_away
<Spartan>  Exited all ER2 Long @ 709.3 --> + 1.5 «« paper »» 14:53
<szubaark_away> frikin 5 hour Long Consolidation before next upmove, lost my14:55

"Patience"
<Spartan> was slow for awhile14:56
Long ER2 @ 709.6 -> small size «« paper »» 15:00
<PapaJon> Amazing day15:02

cept for the long.... LONG ... consolidation15:03
<Spartan>  exit stop set ER2 @ 710.6 «« paper »» 15:13
60 min resistance on er215:16
exit stop raised ER2 @ 711 «« paper »» 15:21
<rickf> back - missed all the fun of today, i see :)15:23
<Spartan>  Exited all ER2 Long @ 711 --> + 1.4 «« paper »» 15:30
Long ER2 @ 710.7 -> small size «« paper »» 15:34
Exited all ER2 Long @ 711.2 --> + 0.5 «« paper »» 15:37
<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.htm15:38
<Spartan>  Long ER2 @ 711.8 -> small size «« paper »» 15:40
Exited all ER2 Long @ 711.2 --> - 0.6 «« paper »» 15:42
Shorts ER2 @ 711.4 -> small size «« paper »» 15:44
Covered ER2 Short @ 712 --> - 0.6 «« paper »» 15:45
Reverse and Enter Long ER2 @ 712 «« paper »»
Exited all ER2 Long @ 712.5 --> + 0.5 «« paper »» 15:47
Long ER2 @ 712.4 -> small size «« paper »» 15:49
Exited all ER2 Long @ 712.9 --> + 0.5 «« paper »» 15:50
<werner> wow er215:51
<Spartan>  Shorts ER2 @ 713.5 -> small size «« paper »»
Covered all ER2 Short @ 713 --> + 0.5 «« paper »» 15:52
<werner> gn all15:55
<Spartan> gn
<rickf> gn
<Brutus>  http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={d989d a0e-2143-4f45-b81a-ec275cbbe74f}16:06
04/16/2008 16:07 *DJ IBM 1Q Rev $24.5B Vs $22.03B >IBM16:08
04/16/2008 16:15 *DJ EBay 1Q Rev $2.19B Vs $1.77B, +24% >EBAY16:15
04/16/2008 16:15 *DJ EBay 1Q EPS 34c Vs EPS 27c >EBAY16:16
04/16/2008 16:15 DJ EBay 1Q Net Rises 22%, Boosts 2008 View16:18
* DisconnectedSession Close: Wed Apr 16 17:01:50 200817:01
  
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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

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