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#FuturesTrades April 21st Monday 2008 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+3.20	+146.10	+1339.00
$320	$14,610	$133,900

Profitable Trade

1008am - 1012am est

Losing Trade

1450pm - 1507pm 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: Mon Apr 21 09:19:04 2008 Session Ident: #futurestrades Session Close: Mon Apr 21 09:19:04 2008

[09:19] * Now talking in #futurestrades

<@X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm 09:19

<anglo> gm 09:20

<Pat255> gm all 09:27

<futurible> gma ll 09:29

gm all 09:30

<rickf> gm

<drt> gm 09:31

<eminitrader> yep Es open right at supp...expect a upmove ...SP 1383 ...if this breks next supp SP 1364 09:33

<szubaark> you dont see Gap Fill? 09:34

to downside

<eminitrader> maybe szu...but i am expecting a bounce from this pivot...how big ?????? dont know :)) 09:35

see minor res 1390-1394 area on es

...major res on SP 1410... 09:36

<ripsboy> gm folks...

<eminitrader> szu...if 1383 breks expect next supp @ 1364...maybe this will fulfill the gap 09:37

<rickf> short es 1387 paper 09:39

exit es 1387 paper be 09:44

<rickf> short es 1388 paper 09:48

<szubaark> Shorts ES @ 1387.50 «« paper »» 09:57

<+rickf> exit 1/2 es 1386 +2 paper 10:01

<@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 10:02

<+rickf> exit 1/2 es 1385 +3 paper 10:04

holding 2

<+szubaark> Covered all Short ES at 1385 --> + 2.5 «« paper »»

<eminitrader> nice guys.. 10:05

<+szubaark> thanks emini

<+rickf> thx em - hard part was patience to let it develop

<+eminitrader> the bounce set it up nicely

very true ..r

<+rickf> easy to see exhaustion at the peak, i think

<+szubaark> yup, saw weakness come in, so i Shorted 10:06

<+eminitrader> nice read szu...r

<+rickf> exit remainder es 1385 +3 paper

thx em

<lumenPharmer> wtg

<+eminitrader> urw r.. 10:07

<+szubaark> emin, u got any open positions? 10:08

<+eminitrader> and szu ... ur entry was perfect price and timing ...

[10:08] <@NihabaAshi> Long ER2 @ 717.90 -> medium size

<+eminitrader> brek of the bar ??

yes zu...hld sells from 1387.75 10:09

<+szubaark> If we break Overnight low@1382.50, then proboble gap fill to downside 10:10

<+eminitrader> will exit ...if new high ...and add again 1390-1394...with stop 139596

[10:12] <@NihabaAshi> Exited ER2 Long @ 717.00 --> - 0.9

<+rickf> short es 1385 paper 10:14

<anglo> , 10:16

<+rickf> exit 1/2 es 1383 paper +2

hld 4

[10:17] <@NihabaAshi> Shorts ER2 @ 716.10 -> medium size

<startrader> Long ES @ 1382.75 10:17

<+rickf> exit remainder es 1384 +1 paper 10:20

that was a pure momentum scalp trade

[10:22] <@NihabaAshi> Covered ER2 Short @ 716.00 --> + 0.1 Session Close: Mon Apr 21 10:24:02 2008

[10:23] * Disconnected for upgrades

[10:40] * Logging for #futurestrades started

<+startrader> Exited 1/2 ES Long @ 1383 --> + 1.25 10:41

<pdays> Long ES @ 1383.0 10:44

Session Start: Mon Apr 21 10:45:53 2008Session Ident: #futurestrades

[10:45] * Now talking in #futurestrades

<@X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm 10:45

<+rickf> exit es 1383.75 be 10:52

[10:52] -X- Authorization Granted on channel #FuturesTrades as moderator

<+rickf> back later

<+pdays> Exited 1/2 ES Long @ 1384 --> + 1 10:53

Exited Remainder ES Long @ 1383.0 --> 0 10:58

<+szubaark> Shorts ES @ 1381.50 «« paper »» 10:59

[11:00] <@NihabaAshi> Shorts ER2 @ 715.70 -> medium size

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)

<+startrader> Long ES @ 1381.75 11:02

[11:07] <@NihabaAshi> Covered ER2 Short @ 715.60 --> + 0.1

<silo> fake out? 11:08

[11:08] <@NihabaAshi> Long ER2 @ 715.90 -> medium size

<+startrader> Exited 1/2 ES Long @ 1384.25 --> + 2.5 11:14

[11:16] <@NihabaAshi> Exited ER2 Long @ 716.00 --> + 0.1

[11:21] <@NihabaAshi> Long ER2 @ 716.60 -> medium size

<+silo> market out of sync now 11:22

[11:27] <@NihabaAshi> Exited ER2 Long @ 716.30 --> - 0.3

[11:29] <@NihabaAshi> I was just listening to Bloomberg Radio...

[11:29] <@NihabaAshi> It's changed dramatically in the past 3 years...tons of commercials :(

[11:29] <@NihabaAshi> Meant advertising

<+silo> ns? 11:30

<Pat255> y as sameas goog...

<+Pat255> L 83.5 es 11:31

<+szubaark> hi pat not@office?

<+Pat255> not now ..but in PM back to office

here there take 1/2 day off 11:32

my sick & annual leave

today 1/2 day annual

1 pt stop on es 11:33

[11:33] <@NihabaAshi> Long ER2 @ 716.40 -> medium size

<+Pat255> out 1/2 85 11:36

<peterpanboy> gm to everyone 11:47

[11:47] <@NihabaAshi> Exited ER2 Long @ 717.10 --> + 0.7 Session Close: Mon Apr 21 11:48:46 2008

Session Start: Mon Apr 21 11:48:46 2008Session Ident: #futurestrades

[11:48] * DisconnectedSession Close: Mon Apr 21 11:48:47 2008

Session Start: Mon Apr 21 11:50:26 2008Session Ident: #futurestradesSession Close: Mon Apr 21 11:50:26 2008

Session Start: Mon Apr 21 11:50:26 2008Session Ident: #futurestrades

[11:50] * 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 11:50

<+lumenPharmer> errr friday ;)

<+lumenPharmer> nq broke downtrend line, es not yet 11:51

<+rickf> back 11:52

<+lumenPharmer> might be stuck in the mudd, until next big earnings number or number leak ;)

futures are tough trading around earnings,lots of gaps, pain in the arse 11:53

[12:03] <@NihabaAshi> Long ER2 @ 717.80 -> small size

<@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 12:05

<+Pat255> c u all later ty 12:09

back to office

[12:10] <@NihabaAshi> Exited ER2 Long @ 717.00 --> - 0.8

<brotherofjared> Shorts ER2 @ 717.3 -> medium size 12:11

<+brotherofjared> Covered all ER2 Short @ 717.3 --> 0 12:26

Shorts ER2 @ 716.7 12:29

<+szubaark> Extremely low Volatility 12:36

[12:43] * NihabaAshi is now known as NihabaAshi_away

<+brother[14:35] <+rickf> short es 1386.25 paper 12:48

<Bambam-77> pos rtrc trgt is 1387.75 14:36

<+startrader> Shorts ES @ 1386.50 14:37

<+Bambam-77> er want 17.7

<+startrader> 3 pt stop, 1st target lod.

<+szubaark> Exited all Long ES at 1385.75 --> - 1.25 «« paper »» 14:41

another tough trading day here

<+rickf> more chop @ the moment :( 14:42

exit 1386 +.25 paper 14:43

this morning's pa was nicer :)l ES Short @ 1388 --> 0 14:44

[13:27] * NihabaAshi_away is now [14:47] <+rickf> long es 1387.50 paper

<+rickf> tight stop 14:47

<+Bambam-77> trgts hit

<+szubaark> Another breakout-fakeout? they got me Twice already on fakes 14:48

<+Bambam-77> we in bell curve distro day so far

<+rickf> reverse es short 87 75 paper

[14:49] * szubaark is now known as szubaark_away

[14:50] <@NihabaAshi> Long ER2 @ 717.40 -> small size

<+rickf> exit es 1387.25 +.50 paper 14:51

going to end the day early on a high note

[15:00] <@NihabaAshi> talk about bad timing

[15:00] <@NihabaAshi> :(

[15:03] <@NihabaAshi> Exited 1/2 ER2 Long @ 718.50 --> + 1.1

[15:07] <@NihabaAshi> Exited Remainder ER2 Long @ 719.00 --> + 1.6

[15:07] <@NihabaAshi> Gotta go...see all tomorrow.

[15:07] * NihabaAshi is now known as NihabaAshi_away

<Andy> Shorts ES @ 1390 «« paper »» 15:19

WRB Analysis

Learn More

<+Andy> Covered 1/3 ES Short @ 1388.5 --> + 1.5 «« paper »» 15:22

Covered Remainder ES Short @ 1390 --> 0 «« paper »» 15:25

Shorts ES @ 1390 «« paper »» 15:26

error 15:28

Shorts ES @ 1389.5 «« paper »»

Covered 2/3 ES Short @ 1388.25 --> + 1.25 «« paper »» 15:30

Covered Remainder ES Short @ 1389.75 --> - 0.25 «« paper »» 15:35

<+peterpanboy> thanks see all tomorrow 15:40

<+Andy> Shorts ES @ 1390.75 «« paper »» 15:45

Covered all ES Short @ 1391.75 --> - 1 «« paper »» 15:48

<Brutus-L1> http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={ba026 85c-821c-48cb-a74d-97737aae7d3f} 16:01

<+Brutus-L1> http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={6ed0b 788-7c5d-450c-b720-0470079fe9bb}

http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={a07a7 7f9-61aa-4587-9a30-bcc67536b9a6} 16:02

<+rickf> gn all -- see you tomorrow 16:06

<werner> gn all 16:10

<@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 16:14

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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.