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#FuturesTrades April 19th Thursday 2007 Trade Log

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Russell 2000 Emini ER2 Futures

Today Month Year

+19.60 +102.80 +1045.70

$1,960 $10,280 $104,570

Trading Perspective

Profit/Loss Statement

The dark cloud over today's markets was China. There are increased worries they may reduce their demand for U.S. products along with worries that China strong (unexpected) strong GDP bundled with its need to reduce its demand for energy.

However, this is earnings season and the market should quickly get back to focusing on earnings instead of the China card.

Yet, the Russell 2000 Emini ER2 and other emini futures did manage to rally a little to fill in the down gap before closing lower than their intraday highs.

In fact, I think the rally that resulted in a gap fill is due to the market trying to refocus on earnings season.

Anyways, I was able to exploit the China news and the bullish price actions after the open.

Key news of the day

Commentary by M.A. Perry (a.k.a. NihabaAshi)
intradaystrategies@yahoo.com
Note: I'm currently exclusively trading the Russell 2000 Emini ER2 futures even though my strategies are applicable and profitable on all the trading instruments listed towards the bottom of this webpage along with my past trade journals showing consistent profits in other trading instruments prior to exclusively trading ER2.
Further, I can switch and trade any trading instrument that's listed below at the bottom of this webpage for any trader that request such mainly because I do a lot of intermarket analysis while trading ER2.
However, if you want to see up-to-date pattern signals in other trading instruments...click here.


#FuturesTrades purpose, benefits and access info...click here.

Session Start: Thu Apr 19 09:23:30 2007Session Ident: #futurestrades

* Now talking in #futurestrades 09:23

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

#FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, QQQQ, SPY) 09:26

<PapaJon> gm all 09:27

<Chilly> gm folks 09:28

<pat255> gm all

what the hell...as usual flop like that ... 09:29

<PapaJon> looks like china is freakin out again

<Brutus> Shorts ES @ 1473.5 «« paper »» 09:32

Covered 1/2 ES Short @ 1471.5 --> + 2 «« paper »» 09:33

<NihabaAshi> Shorts ER2 @ 819.00 -> small size

Covered all ER2 Short @ 818.80 --> + 0.2 09:34

Long ER2 @ 820.10 -> large size 09:36

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Trading Strategies ->   These strategies will reveal and explain specific strategies from entry to exit that exploit inefficiencies in the price action of your trading instrument for profits in the following trading instruments: Emini Index Futures (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), Forex Currencies (EurUsd, EurYen, UsdCdn), Exchange Traded Funds (DIA, GLD, OIH, IWM, QQQQ, SPY, XLE) and Hang Seng Index Futures (HSI)

<Brutus> exit stop set ES @ 1473.5 «« paper »»

Covered ES Short @ 1473.5 --> 0 «« paper »» 09:38

<NihabaAshi> :(

<eminitrader> Shorts ES @ 1473 09:40

<NihabaAshi> Long ER2 @ 819.70 -> Add 09:43

<eminitrader> Covered all ES Short @ 1473.50 --> - 0.5 09:44

<Brutus> Shorts ES @ 1473 «« paper »» 09:46

exit stop set ES @ 1473.75 «« paper »» 09:47

<NihabaAshi> Exited 1/2 ER2 Long @ 820.70 --> + 1 09:48

<Brutus> Covered ES Short @ 1473.75 --> - 0.75 «« paper »»

<NihabaAshi> Exited ER2 Long @ 822.10 --> + 2

Holding 3 contracts

Exited ER2 Long @ 822.60 --> + 2.5 09:49

Holding 2 contracts

<Brutus> Long ES @ 1474.75 «« paper »»

<pat255> vn niha ...was not easy

<NihabaAshi> That's an understatement...especially since when the first time it tested 820.70 after my entry... 09:50

I didn't get a fill :(

It then traded down into the 819.70 price area "within" an s/r zone... 09:51

<Brutus> Exited 1/2 ES Long @ 1475.75 --> + 1 «« paper »»

<NihabaAshi> I decided it was a good risk to ADD.

Exited ER2 Long @ 823.30 --> + 3.2

<Brutus> Exited all ES Long @ 1475.25 --> + 0.5 «« paper »»

<NihabaAshi> Holding 1 contract

<szubaark> Shorts NQ @ 1838 «« paper »» 09:53

exit stop set NQ @ 1841 «« paper »»

<Brutus> Long ES @ 1474.25 «« paper »»

<NihabaAshi> I just got a Short signal...trying to decide if I should close the remainder or reverse the position. 09:54

Exited ER2 Long @ 821.60 --> + 1.5 09:55

Reverse and Enter Short ER2 @ 821.60

<Brutus> 1000/1400 Mar Conference Board Leading Econ +0.1% -0.5% 09:56

Indicators

<NihabaAshi> Covered all ER2 Short @ 821.00 --> + 0.6

<pdays> Long ER2 @ 821.1

<NihabaAshi> I want the remaining trading day to be easy going... 09:58

Dropping my size down to 1-2 contracts only.

<pdays> Exited all ER2 Long @ 822.2 --> + 1.1

<pat255> niha small size is my big size lol.. 10:03

<szubaark> Covered all Short NQ at 1841 --> - 3 «« paper »»

Buys NQ @ 1841 «« paper »» 10:04

<NihabaAshi> pat255...even 1-2 ER2 contracts is under the average size per trader (3.2 contracts).

<pat255> i gotta take atleast 2-3 ctrcts or else I am doomed 10:07

this action is confusing to me .. 10:10

<eminitrader> :) 10:11

<szubaark> exit stop set NQ @ 1838 «« paper »» 10:16

tough call here.. :)) 10:17

Opening bounce looks strong need more followthru for my Long IF NOT Im done trading for day as this is confusing Price Action 10:18

hehe..bastids might close the gap 10:20

exit stop set NQ @ 1841 «« paper »»

<Brutus> Exited 1/2 ES Long @ 1477.50 --> + 3.25 «« paper »» 10:24

Exited all ES Long @ 1448 --> - 26.25 «« paper »» 10:25

<szubaark> nice Brutus..

Exited all Long NQ at 1845 --> + 4 «« paper »»

<Brutus> Exited all ES Long @ 1478 --> + 3.75 «« paper »»

thx

<szubaark> NQ Gap close. hhmm.. my read was "Right"

<eminitrader> Shorts ES @ 1478.25

<Brutus> Shorts ES @ 1478 «« paper »» 10:27

<pat255> es strong as usual.. 10:28

<szubaark> yes..pullbacks are minimal so far..

<eminitrader> Covered 1/2 ES Short @ 1477.25 --> + 1 10:29

<szubaark> good scalp emini

<pat255> nice em

<eminitrader> thx guys

<szubaark> gotta go do some other stuff.. 10:30

* szubaark is now known as szubaark_away

<venedom> gm 10:31

<Brutus> Covered all ES Short @ 1478 --> 0 «« paper »» 10:32

Covered all ES Short @ 1477 --> + 1 «« paper »» 10:33

<eminitrader> Shorts ES @ 1477 -> Add

<X> #FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, QQQQ, SPY) 10:38

<venedom> Shorts ER2 @ 823.3 10:40

<Brutus> Long ES @ 1476 «« paper »» 10:41

<eminitrader> Covered 1/2 ES Short @ 1476.25 --> + 0.75 10:42

<venedom> Covered all ER2 Short @ 823 --> + 0.3

<eminitrader> Covered Remainder ES Short @ 1477 --> + 1.25 10:47

<Brutus> Long ES @ 1474.75 -> Add «« paper »» 10:51

<Chilly> Shorts ES @ 1476.25

<eminitrader> Long ES @ 1475

<Chilly> Covered 1/2 ES Short @ 1475.25 --> + 1 10:52

<Brutus> Exited 1/2 ES Long @ 1476 --> + 1.25 «« paper »» 10:56

<Chilly> Covered Remainder ES Short @ 1476.25 --> 0

<eminitrader> Exited 1/2 ES Long @ 1476.50 --> + 1.5 11:00

<Brutus> exit stop set ES @ 1474.75 «« paper »» 11:03

<eminitrader> Long ES @ 1475.25 -> Add 11:04

exit stop raised ES @ 1474.75 11:05

<venedom> Long ER2 @ 822.10 11:08

<eminitrader> actually stop is 1474.25

exit stop set ES @ 1474.25 11:09

Exited 1/2 ES Long @ 1476.50 --> + 1.25 11:11

Exited 1/3 ES Long @ 1477.25 --> + 2.25 11:12

exit stop moved to breakeven ES @ 1475

<venedom> Exited all ER2 Long @ 823 --> + 0.9 11:13

holiday here leaving to the pool with kids c u tomorrow

<Brutus> Exited ES Long @ 1478.75 --> + 2.75 «« paper »» 11:17

Reverse and Enter Short ES @ 1478.75 «« paper »»

Covered 1/2 ES Short @ 1477.5 --> + 1.25 «« paper »» 11:19

exit stop set ES @ 1479.25 «« paper »» 11:22

buy stop to enter long ES @ 1479.25 «« paper »» 11:23

<Chilly> test 11:33

<Brutus> Exited all ES Long @ 1479 --> - 0.25 «« paper »» 11:45

cancelled all open limit orders «« paper »»

that was an exit short 1479 -0.25 11:48

<X> #FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, QQQQ, SPY) 11:50

<NihabaAshi> Shorts ER2 @ 825.10 -> small size 12:00

Covered all ER2 Short @ 824.60 --> + 0.5 12:02

Lucky trade because it was a trade error. 12:03

<Brutus> RD you going to enlighten us with your targets? 12:06

<RussellDaytrade> B, anything for you...this am, off the low, I set an 825 target that coincided perfectly, to the minute, with that runup to 824.9... I also set a larger target of 827.05, which mostly fulfilled on that last drive... 12:10

i think that 827 may be surpassed today, given more time...currently, I have an 822.8 with about 45 remaining, although since the mkt seems to be firming from underneath, am wondering if it will not quite fulfill... 12:12

<Brutus> Nice, Yeah could be bullish all day. Note Friday is options Exp 12:13

<RussellDaytrade> traded only long this am in the l/s acct...no trades in the s/o acct...up 780, trading small, only one lots, mostly, had one long add, flat now...the PPM has kicked in...nice pa and price structures today 12:14

close enuf, :) bizniz as usual 12:16

<Brutus> Shorts ES @ 1481 «« paper »» 12:17

<eminitrader> Exited Remainder ES Long @ 1480.50 --> + 5.5 12:18

<NihabaAshi> ER2 filled in its overnight gap on the regular trading session charts. 12:19

<eminitrader> so did the es 12:20

<Brutus> Covered all ES Short @ 1479.75 --> + 1.25 «« paper »»

<eminitrader> and the nq

<Brutus> Shorts ES @ 1480.5 «« paper »» 12:25

* codehead_afk is now known as codehead 12:26

<AmazingJason> Long ER2 @ 827.10

<Brutus> Covered all ES Short @ 1480.25 --> + 0.25 «« paper »» 12:28

<AmazingJason> Long ER2 @ 826.10 -> Add 12:30

Long ER2 @ 825.20 -> Add 12:32

Long ER2 @ 825.90 -> Add 12:38

<NihabaAshi> Long ER2 @ 826.10 -> small size 12:39

1 contract only and last trade of the day. 12:40

Long ER2 @ 826.20 -> Add 12:41

Exited all ER2 Long @ 826.70 --> + 1.1 12:48

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<AmazingJason> Exited 1/3 ER2 Long @ 826.80 --> + 0.9

Exited 1/3 ER2 Long @ 827.40 --> + 0.3 12:49

<NihabaAshi> Wish I had a 1/3 remaining :)

<AmazingJason> Exited Remainder ER2 Long @ 827.40 --> + 0.3

<Brutus> Shorts ES @ 1481.5 «« paper »» 12:50

<AmazingJason> I got very lucky. I entered on a trade error, decided to keep the trade, added within the support zone, luckily the price action went for me... 12:51

<Brutus> Covered 1/2 ES Short @ 1480.75 --> + 0.75 «« paper »»

exit stop set ES @ 1481.5 «« paper »» 12:52

<GoodMood> it's options expiry day tomorrow. At what TIME will options on financials expire ?

<NihabaAshi> I don't see it on my calendar... 12:55

http://fidweek.econoday.com/calendar/US/ EN/New_York/year/2007/month/04/day/19/da ily/index.html

<GoodMood> I try to look it up at CME-website

<Brutus> Covered all ES Short @ 1481.5 --> 0 «« paper »» 12:58

<X> #FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, QQQQ, SPY) 12:59

<GoodMood> ok, Options on eMini S&P 500 end at 08:30 am for quarterlys (March, June, ...) and at 03:15 pm for others 13:03

so tomorrow it will be 15 min after market close

<AmazingJason> Long ER2 @ 826.60 13:45

Exited 1/3 ER2 Long @ 827.20 --> + 0.6 13:47

Exited 1/3 ER2 Long @ 827.50 --> + 0.9 13:51

Exited Remainder ER2 Long @ 827.10 --> + 0.5 13:59

<X> #FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, QQQQ, SPY) 14:11

<RussellDaytrade> http://images.search.yahoo.com/search/im ages/view?back=http%3A%2F%2Fimages.searc h.yahoo.com%2Fsearch%2Fimages%3F_adv_pro p%3Dimages%26imgsz%3Dall%26imgc%3D%26vf% 3Dphoto%26va%3Dsailfish%26fr%3Dyfp-t-501 %26ei%3DUTF-8&w=389&h=288&imgurl=www.blu echicago.com%2Fgallery%2Fimages%2Ffull%2 FSailfishinSunlight.jpg&rurl=http%3A%2F% 2Fwww.bluechicago.com%2Fgallery%2FSailfi shinSunlight.html&size=21.4kB&name=Sailf ishinSunlight.jpg&p=sailfish&; 14:23

the pattern this has traced out is hwat i think of as a 'sailfish' fin. :)

<Brutus> yeees ic :) 14:36

<RussellDaytrade> it helps me to have a line underneath of it, as in a pricetime projection, that helps to define, seperate, and distinquish it from the other pa that preceeded it...was beginning to think it might take a 'final nosedive entry', but it looks like its firning up in here... 14:40

more then anything, I just like the appearance of the structure, haven't tied it into my work, just like the way they look. 14:41

actually, come tothink of it, I have tied it into my work, as it occurs at times when a price move accelerates into an expected price target, within the latter portion of the time cycle of that atrget 14:45

I set an 820.26 target approx 2.5 hours ago...I don't think it's going to fulfill completely...time just expired on it 14:49

<NihabaAshi> I think the worries about China's possible rate hikes will keep that s/r zone (resistance) intact and prevent new intraday highs. 15:14

<X> #FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, QQQQ, SPY) 15:23

<Brutus> Naz +ve and NQ strong today 15:30

AMD and GOOG news after the close today

Would like to see a +ve lift AH in globex 15:32

<NihabaAshi> Hopefully I can be done trading early tomorrow as I was today. 16:15

Take care all and see everyone tomorrow.

<Brutus> cul8r 16:16

<markss> Thanks have a good night

* DisconnectedSession Close: Thu Apr 19 16:22:34 2007 16:22

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