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#FuturesTrades April 18th Friday 2008 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+0.00	+142.90	+1335.80
$0	$14,290	$133,580

No Trades Today

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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: Fri Apr 18 09:28:52 2008Session Ident: #futurestrades

[09:28] * Now talking in #futurestrades

[09:28] * Set by X on Mon Apr 07 18:48

<@X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm 09:28

<rickf> will be long es @ the open 1390.50 paper 09:29

<rickf> reverse es 1390 paper -50 09:32

-.50

<ripsboy> gm all... 09:33

<KN-ES> Shorts ES @ 1390.25 «« testing »»

Covered ES Short @ 1390.50 --> - 0.25 «« testing »» 09:34

Reverse and Enter Long ES @ 1390.50 «« testing »»

<rickf> reverse long es 1391

stupid, shouldhave stuck w/my original instinct

<KN-ES> Exited 3/4 ES Long @ 1391.50 --> + 1 «« testing »»

<szubaark> Shorts ES @ 1391 «« paper »»

<KN-ES> Exited ES Long @ 1390.75 --> + 0.25 «« testing »» 09:35

Reverse and Enter Short ES @ 1390.75 «« testing »»

Covered ES Short @ 1390.75 --> 0 «« testing »»

Reverse and Enter Long ES @ 1390.75 «« testing »»

ssl1

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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 1389.50 --> + 1.5 «« paper »» 09:38

<rickf> exit 1/2 es short 1389 + 1 paper 09:40

<NihabaAshi> Good morning all 09:41

<rickf> gm niha

<NihabaAshi> I'm not trading again today...still in the middle of removing my old computers and adding my new computer system.

I got one desktop on to the network...having tons of problems getting the other desktop and laptop onto the network...looks like its going to be a weekend project :( 09:42

<rickf> :( hate those weekends myself 09:43

<szubaark> you can always hire an expert to do it if you dont want to

<+Spartan> Shorts ER2 @ 719.5 -> small size «« paper »» 09:44

[09:44] <NihabaAshi> Yeah...I did that last time and he did an excellent job

[09:44] <NihabaAshi> Trying to do it on my own this time around

<+Spartan> Covered all ER2 Short @ 718.5 --> + 1 «« paper »» 09:48

<rickf> exit remainder es short 1388 +2 papre 09:50

short es 1387 paper 09:51

<+Spartan> Long ER2 @ 718.3 -> small size «« paper »» 09:53

Exited all ER2 Long @ 719.3 --> + 1 «« paper »» 09:54

Long ER2 @ 719.3 -> small size «« paper »» 09:57

Exited all ER2 Long @ 718.3 --> - 1 «« paper »» 09:59

Long ER2 @ 717 -> small size «« paper »» 10:01

Exited all ER2 Long @ 717.5 --> + 0.5 «« paper »» 10:06

Long ER2 @ 718.6 -> small size «« paper »» 10:13

Exited all ER2 Long @ 718.3 --> - 0.3 «« paper »» 10:15

Shorts ER2 @ 7183. -> small size «« paper »»

<rickf> short es 1385.75 paper 10:16

<szubaark> Buys ES @ 1386 «« paper »» 10:17

<rickf> exit es 1386.75 -1 paper 10:19

<+Spartan> Covered all ER2 Short @ 717.8 --> + 6465.2 «« paper »» 10:21

oops

Long ER2 @ 718.9 -> small size «« paper »» 10:22

<szubaark> Exited all Long ES at 1387.25 --> + 1.25 «« paper »» 10:27

<Spartan> Long ER2 @ 718.9 -> small size «« paper »»

Exited all ER2 Long @ 718.4 --> - 0.5 «« paper »» 10:28

Shorts ER2 @ 718 -> small size «« paper »» 10:29

Covered all ER2 Short @ 717.5 --> + 0.5 «« paper »» 10:30

<szubaark> Shorts ES @ 1388.75 «« paper »» 10:35

<Spartan> Long ER2 @ 718.8 -> small size «« paper »» 10:37

Exited all ER2 Long @ 720.8 --> + 2 «« paper »» 10:38

Long ER2 @ 720.7 -> small size «« paper »» 10:42

Exited all ER2 Long @ 721.9 --> + 1.2 «« paper »» 10:44

looks like gap might not fill today 10:46

<ItalianSharp> lots of buyers left at this ridiculous prices...guess these late buyers are gonna get slaughtered within a couple of weeks 10:47

<Spartan> only time will tell

Long ER2 @ 722.1 -> small size «« paper »»

Exited all ER2 Long @ 721.3 --> - 0.8 «« paper »» 10:48

<ItalianSharp> well, we are in a bear market and sentiment needs to shift back to bullish before next big drop

i guess markets, earnings, media are doing a good job on getting everyone back on the bulls bandwagon

<rickf> gotta love cnbc 10:49

<ItalianSharp> whoever seriously believes that the credit and financial crisis is over with, must get his head examined

<Spartan> don't even watch it

<rickf> me neithert

<ItalianSharp> yeah, i dont want it either

i just read papers and listen to news after trading

anyways, as long as there are buyers left, we should buy too :) 10:50

<szubaark> tough enough to scalp ticks on intraday level, who cares about the longer term crao

<ItalianSharp> szu, mine was an economic observation that went beyond trading

<rickf> what's funny in the morning cnbc (watch for rick santelli's 802 report, which i like) - they keep saying "S&P X points below RECORD CLOSE in October 2007" --- that number keeps getting bigger every day last month, which I found amusing they'd still run the blurb on-air

<szubaark> Im saying the news media all talk longer term

<Spartan> Long ER2 @ 721.2 -> small size «« paper »»

<ItalianSharp> i am just laughin at those who got slaughtered on the way down and sold in march and are re-buying now before aonther big drop

<szubaark> wonder what scenario they will play to Hit the 1400 Level 10:51

<rickf> i mean it's like "down jones 1,503 points below all time high" next day the number is "1931" next day "2531" or whatever 10:52

talk about useless statistic -- but if they can put 'record close' on screen it's good for business i guess

<Spartan> Exited all ER2 Long @ 720.6 --> - 0.6 «« paper »» 10:53

<rickf> back in a bit 10:54

<Spartan> Long ER2 @ 720.9 -> small size «« paper »» 10:56

<KN-ES> Long ES @ 1390.75 «« testing »» 11:00

<Spartan> Exited all ER2 Long @ 720.85 --> - 0.05 «« paper »»

<KN-ES> sl 89.50

<Spartan> ran my stop 11:01

<szubaark> Covered all Short ES at 1392.25 --> - 3.5 «« paper »»

Buys ES @ 1392.25 «« paper »»

<KN-ES> Exited 3/4 ES Long @ 1392.75 --> + 2 «« testing »»

Exited 1/4 ES Long @ 1392.25 --> + 1.5 «« testing »» 11:02

Exited 2C ES Long @ 1391.75 --> + 1 «« testing »»

<Spartan> Long ER2 @ 722 -> small size «« paper »»

<KN-ES> h5 11:03

<Spartan> Exited all ER2 Long @ 721.2 --> - 0.8 «« paper »» 11:06

<KN-ES> add90.50 11:07

<ItalianSharp> this sudden down spikes are telling me the upmove may come to an end soon

<Spartan> Shorts ER2 @ 721.1 -> small size «« paper »» 11:08

<szubaark> probobly just a shakeout

<Spartan> dont want alot, scalp 11:09

Covered all ER2 Short @ 720.6 --> + 0.5 «« paper »» 11:10

<KN-ES> i will try 97.25 b4 going down, I guess 11:14

not i

it

<szubaark> every move is retraced, no followthru like last month 11:16

<@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 11:17

<Spartan> Shorts ER2 @ 720.2 -> small size «« paper »» 11:18

Covered all ER2 Short @ 721 --> - 0.8 «« paper »» 11:20

Long ER2 @ 721.2 -> small size «« paper »» 11:23

<KN-ES> dont think will have a major break down till next friday, 3rd friday.................atleast not from the option volatility 11:24

nop thats today........so monday should be interesting....... 11:25

<talickca> gm 11:27

<Spartan> Exited all ER2 Long @ 721.2 --> 0 «« paper »» 11:34

Long ER2 @ 721.3 -> small size «« paper »» 11:36

might be a breakout move 11:45

exit stop raised ER2 @ 722.2 «« paper »» 11:48

<rickf> back 11:52

<Spartan> exit stop raised ER2 @ 722.8 «« paper »»

Exited all ER2 Long @ 722.8 --> + 1.5 «« paper »» 11:53

<ItalianSharp> for this breakout to catch up a lot more steam, i would like to see ES break 1402 and ER2 733.50

until then, high possibility of reversal

<szubaark> lets see IF they whack 1400 today 11:56

<ItalianSharp> so far, the day is developing like those classic creeping uptrends

the fact we are starting to see some volatility on retracements tells me the big boys are beginning to scale out of their longs

<jperl> time for lunch....trades here.... 12:00

http://charts.dacharts.com/2008-04-18/JP ERL6.png 12:01

<Spartan> Long ER2 @ 723.3 -> small size «« paper »» 12:04

Exited all ER2 Long @ 722.7 --> - 0.6 «« paper »» 12:11

Long ER2 @ 723.1 -> small size «« paper »» 12:16

Exited all ER2 Long @ 723.7 --> + 0.6 «« paper »» 12:20

<ItalianSharp> something that kinda stinks about this rally is that dax and eurostoxx50 havent made new highs since 11am

i am wondering whether EU indices will catch with US indices or viceversa 12:21

<rickf> dax is just sitting there..... 12:23

<ItalianSharp> yes rick, waiting for something...dunno whatSession Close: Fri Apr 18 12:44:13 2008 12:35

Session Start: Fri Apr 18 12:44:13 2008Session Ident: #futurestrades

[12:44] * DisconnectedSession Close: Fri Apr 18 13:07:16 2008

Session Start: Fri Apr 18 13:24:30 2008Session Ident: #futurestradesSession Close: Fri Apr 18 13:24:30 2008

Session Start: Fri Apr 18 13:24:30 2008Session Ident: #futurestrades

[13:24] * Now talking in #futurestrades

<@X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTra desChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrad es.htm 13:24

<startrader> Shorts ES @ 1398 13:28

<ItalianSharp> volatility is almost dead 13:33

creeping up but shallow moves either way

<startrader> See if they cn take it under 94 here. 13:36

Covered ES Short @ 1393.50 --> + 4.5 14:09

Reverse and Enter Long ES @ 1393.50

Exited all ES Long @ 1393 --> + 28.25 14:11

WRB Analysis

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<codehead> 116.7 crude coming into floor close 14:27

<startrader> Long ES @ 1391.75 14:29

Exited all ES Long @ 1392.75 --> + 1 14:32

<Brutus> 04/18/2008 14:49 *DJ OIL FUTURES: Nymex Crude Hits $117/Bbl In After-Hrs Trading 14:52

<rickf> oh, joy 14:56

<codehead> 116.95 on QM--whew 15:00

<rickf> yow 15:02

<startrader> Long ES @ 1390.75 15:19

<rickf> shorted es 1391.25 15:20

paper

exit 1/2 es 1389.25 paper +2

<startrader> Exited all ES Long @ 1389.75 --> - 1

Long ES @ 1388 15:21

Exited 1/2 ES Long @ 1389.25 --> + 1.25 15:23

<jperl> done for today....lots of trades....here 15:27

http://charts.dacharts.com/2008-04-18/JP ERL7.png

<rickf> at least the pa right now is more helpful --- best i've seen this week in my trading

reminds me of 'the good old days' of afternoons last month :) 15:28

<@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 15:29

<rickf> exit remainder es 1388 paper +3.25 15:30

short es 1389 paper 15:41

exit 1390 paper -1 15:44

frozen chart :(

short es 1389 paper 15:48

exit es 1390 paper -1 15:52

long es 1390 paper 15:53

exit es 1391.50 paper +1.5 15:54

short es 1391 paper 15:55

exited es 1391.50 paper -.50 15:57

long es 1392 paper 15:58

exit es 1393.50 paper +1.5 15:59

done

k all -- have a great weekend! 16:08

<Brutus> http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={f2d40 463-a1d7-4b23-a99f-536d4b978b5b} 16:18

Session Start: Fri Apr 18 16:26:32 2008Session Ident: #futurestrades

[16:26] * DisconnectedSession Close: Fri Apr 18 16:26:32 2008

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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

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