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#FuturesTrades April 25th Friday 2008 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+14.30	+217.10	+1410.00
$1,430	$21,710	$141,100

Profitable Trade

0946am - 1001am est

Losing Trade

0934am - 0937am 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: Fri Apr 25 09:25:34 2008Session Ident: #futurestrades

[09:25] * Now talking in #futurestrades

[09:25] * Set by X on Thu Apr 24 13:36

<@X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm 09:25

* X sets mode: +o NihabaAshi

<PapaJon> gm all

* NihabaAshi sets mode: +v PapaJon

<rickf> gm 09:26

* NihabaAshi sets mode: +v rickf

* jsbach- is now known as jsbach

<lumenPharmer> gm

* NihabaAshi sets mode: +v lumenPharmer

<stoch08> gm all 09:27

* NihabaAshi sets mode: +v stoch08

<drt> gm everyone 09:29

* NihabaAshi sets mode: +v drt

<+rickf> short es 1395.50 paper 09:32

<pat255> gm all

* NihabaAshi sets mode: +v pat255

<@NihabaAshi> Shorts ER2 @ 718.50 -> small size 09:34

<T-stop> gm

* NihabaAshi sets mode: +v T-stop

<@NihabaAshi> Covered ER2 Short @ 719.30 --> - 0.8 09:37

* Retrieving #futurestrades modes...

<@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 09:39

<+lumenPharmer> if 680-720 er range is broken on the daily, it opens us up for 760

but we have a month to get there if it breaks up 09:40

<@NihabaAshi> Long ER2 @ 719.50 -> small size

<szubaark> Buys ES @ 1396.25 «« paper »»

<+lumenPharmer> we did 640 when 680 was broken so we will see 09:41

<+szubaark> Volatility contracting, expecting spike soon, hopefully to upside, Im Long 09:42

<@NihabaAshi> :( 09:44

:(

<+szubaark> Exited all Long ES at 1395.25 --> - 1 «« paper »»

<@NihabaAshi> Exited ER2 Long @ 720.10 --> + 0.6

<+szubaark> Shorts ES @ 1395.25 «« paper »»

hopefully it spikes in my direction now 09:45

<@NihabaAshi> Shorts ER2 @ 719.40 -> medium size 09:46

volatility increasing 09:47

<+rickf> exit 1/2 es 1393.50 +2 paper

hld 4

<@NihabaAshi> Covered 1/2 ER2 Short @ 717.80 --> + 1.6 09:48

<+szubaark> Covered all Short ES at 1393 --> + 2.25 «« paper »» 09:49

<+PapaJon> er2 looks to test yest poc's 09:50

715 &/or 714.3'ish

<+rickf> exit 1/2 es 1392.50 +3 paper 09:52

hld 2

<+szubaark> nice rick

<+rickf> ty szu

actually shorted that into the open but late in posting it 09:53

<@NihabaAshi> Covered ER2 Short @ 715.50 --> + 3.9 09:54

Holding 1 contract remainder 09:55

<+rickf> nice niha

<+lumenPharmer> wtg 09:56

<+PapaJon> yes.. vn niha.. as usual.. the master at work

<+szubaark> Buys ES @ 1391.50 «« paper »» 09:57

<+PapaJon> con sent # in amoment 09:59

<startrader> already out early. 10:00

<+PapaJon> what was it startrader?

<+startrader> 62.3 I believe.

<+PapaJon> k.. thnx

[10:01] <@NihabaAshi> Covered Remainder ER2 Short @ 713.90 --> + 5.5

<+startrader> some graduate student can't tell time, or has a buddy on the floor. 10:01

<+lumenPharmer> Final Apr Michigan Sentiment 62.6 vs 63.2 consensus; revised from 63.2 initial reading

<+szubaark> nice Niha. 10:02

<+startrader> ty lu.

<+rickf> wtg

<+lumenPharmer> np

so it seems 720 holds for now 10:04

<+rickf> exit remainder 1387.50 +7 paper

<+lumenPharmer> thought they might try for the stops but no go 10:05

<+rickf> profit target reached 10:06

<+szubaark> Exited all Long ES at 1388.25 --> - 3.25 «« paper »»

<+rickf> :( szu 10:07

<+szubaark> Shorts ES @ 1388.50 «« paper »»

<pdays> Long ES @ 1388.5 10:09

<+startrader> Shorts ES @ 1389.75 10:13

[10:13] <@NihabaAshi> Long ER2 @ 713.20 -> small size

<+pdays> Exited all ES Long @ 1389.5 --> + 1

[10:15] <@NihabaAshi> volatility contracting

<+startrader> Shorts ES @ 1390.25 10:15

[10:15] <@NihabaAshi> weak support for ER2

[10:19] <@NihabaAshi> Exited all ER2 Long @ 714.30 --> + 1.1

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)

<+rickf> dax is not helping me today 10:25

[10:26] <@NihabaAshi> testing 123

<+rickf> hey niha 10:26

loud n clear

[10:26] <@NihabaAshi> :)

<Andy> Shorts ES @ 1392.5 «« paper »» 10:27

<+startrader> Shorts ES @ 1392.25 -> Add

<@NihabaAshi> testing 123 10:28

sorry about that...I'm testing a new code I've uploaded to my mIRC

<Pepe> what is 123?

<+Pepe> ok

<jsbach> hehe

<+Andy> Covered 1/2 ES Short @ 1391.5 --> + 1 «« paper »» 10:29

come on, Niha, tell us what 123 REALLY means :) 10:31

Covered Remainder ES Short @ 1393 --> - 0.5 «« paper »» 10:32

<+szubaark> tricky price action :(

<+rickf> u still short szu? 10:33

<+szubaark> yup

<+rickf> :(

<talickca> Long ES @ 1388.5 ?? paper ?? 10:41

<+talickca> Exited all ES Long @ 1389.25 --> + 0.75 ?? paper ??

<+rickf> back later -- gym time 10:47

<+startrader> same db pattern as the 24th, do not think it will hold today. 10:49

<+szubaark> need fakeouts first before next move 10:58

<+startrader> Covered 1/2 ES Short @ 1385 --> + 7.25 11:13

<+szubaark> very nice startrader, wish i had your entry 11:14

<+Andy> vn st

<+startrader> Took a lot of heat. After ym closed gap quick and es did not was 90% es would follow, was worth it. 11:16

<+pat255> yep star ...took 2 tic loss but nice to hold on to tit .. 11:18

<+szubaark> Covered all Short ES at 1382 --> + 6.5 «« paper »» 11:21

<+startrader> Covered Remainder ES Short @ 1381.75 --> + 8.5 11:22

Have low of value area and 62% from 22nd lows here in 80 handle. 11:23

<lumenPharmer> power went down 3 times, must be working on the lines ;( 11:32

<@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 11:45

<+startrader> Shorts ES @ 1387 11:50

* codehead_afk is now known as codehead 11:57

<+rickf> back 12:06

<+startrader> Shorts ES @ 1389 12:13

<+rickf> wtg szu - caught a break at last :) 12:17

<+startrader> Covered 1/2 ES Short @ 1385.75 --> + 3.25 12:34

<+rickf> short es 1386.75 medium size 12:35

paper

<+szubaark> Shorts ES @ 1386 «« paper »» 12:38

aha 12:39

Oil 119.. 12:41

IF Oil starts to retrace down, eminis should start going up 12:42

<+rickf> exit es short 1387.75 -1 paper 12:43

violated my latest rule about not trading during lunch hour :(

<+szubaark> Price just drifting back and forth in a 1.5 ES Range..hopefully we get a spike DOWN 12:45

<+rickf> i think up szu ::(

<+szubaark> trend is down, its your friend (sometimes) 12:46

after this trade im gonna call it a day, my entries are terrible TODAY

<+startrader> Covered Remainder ES Short @ 1388.50 --> + 0.5 12:47

Shorts ES @ 1388 12:50

<+rickf> ok i was wrong :(

<+szubaark> No, there is no wrong right, could been have went up.. 12:51

<+rickf> yah i know

there is no spoon either 12:52

<+talickca> lol

<+szubaark> probobly some more fakeouts here, before next move

last few weeks, we've been getting a lot of these consolidation zones for HOURS 12:53

Covered all Short ES at 1388 --> - 2 «« paper »» 13:03

Buys ES @ 1388.25 «« paper »»

<+startrader> Shorts ES @ 1388 13:07

<+szubaark> Exited all Long ES at 1387 --> - 1.25 «« paper »» 13:09

Shorts ES @ 1387 «« paper »»

Covered all Short ES at 1388.25 --> - 1.25 «« paper »» 13:13

Buys ES @ 1388.25 «« paper »»

Exited all Long ES at 1386.75 --> - 1.5 «« paper »» 13:14

Shorts ES @ 1386.75 «« paper »»

<jsbach-> bollinger bands constricting

<+szubaark> yeah, for like 3 hours 13:15

<Guest> should break out soon

<+startrader> Covered 1/2 ES Short @ 1386.25 --> + 1.75 13:16

<+szubaark> not worth it trading lunch hour on a friday 13:17

<@NihabaAshi> Shorts ER2 @ 713.00 -> small size 13:19

WRB Analysis

Learn More

<+szubaark> some buyers at the bottom of this chop range :( 13:24

needs to Flush them out

<+jsbach-> how can you tell? 13:25

dom?

<+szubaark> we in a 1385 to 1390 ES Ping Pong Range, they Selling Top, buying bottom til u get dizzy 13:27

<@NihabaAshi> volatility so flat I can't even do a position reversal when it pops like this :( 13:28

<+szubaark> typical what we've been getting last few weeks 13:29

i need to stop trading this afternoon crap

<+startrader> That close should send it down. 13:30

<+rickf> short es 1386.25 paper 13:31

exit 1/2 es 1384.25 +2 paper

<+PapaJon> Bye all... off to Napa.. wine country to celebrate our 30th aniv

<+rickf> congrats!

<+PapaJon> All hae a great wkend

<+szubaark> bye papa

<+PapaJon> thnx

<+rickf> star - how did you read that close as a possible trigger? 13:32

<@NihabaAshi> Covered all ER2 Short @ 712.90 --> + 0.1 13:33

<+rickf> exit remainder es 1385.50 + .75 paper

<@NihabaAshi> Price action stunk...got out when I got the chance to escape :) 13:34

staying on the sidelines and watching for awhile.

<+rickf> same here -- neat entry, but then wobbled bigtime

ditto

<Bambam-77> good trade i hate 1 point range bound trading 13:35

<+startrader> 15 and 60 min close. 15 min close outside of 2 15 min ivbs (inside vertical bars)

<+rickf> ah ok - i only use 3m to trade from and 60m to gauge s/r 13:36

havent done cross-period analysis like that yet

<+Bambam-77> all inside bars so far 13:37

<+szubaark> Covered all Short ES at 1386.75 --> 0 «« paper »» 13:38

Buys ES @ 1386.75 «« paper »»

<+rickf> i did that last scalp based on the red candle forming and decent drop on the dax

<+Guest> Long ER2 @ 713.3 «« paper »»

<+startrader> Shorts ES @ 1386.75

<+rickf> geez....this feels like a preview of summer fridays *yawn* 13:41

<+startrader> er2 likes 713 and ym 777 today. 13:44

last es bounce was daily pivot at 84.25. 13:47

Covered 1/2 ES Short @ 1386 --> + 0.75

<+jsbach-> last drop was a stop run i think 13:48

<@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

<+startrader> Shorts ES @ 1387.25 13:50

<+rickf> chop chop :( 13:55

<+startrader> Covered all ES Short @ 1388.75 --> - 1.5 13:58

<+rickf> eeep!

<+Guest> Exited all ER2 Long @ 715.6 --> + 2.3 «« paper »» 13:59

<+startrader> Shorts ES @ 2

Shorts ES @ 1390.25

<+rickf> short es 1390.50 paper small sz 14:02

exit 1390.50 paper +0 14:03

short es 1391.25 paper small sz 14:08

exit es 1390.50 + .75 paper 14:20

<+startrader> Shorts ES @ 1390.50 14:24

<+rickf> short es 1390.50 paper 14:25

getting sick of typing '1390.50' :)

<+startrader> ym at 50% and es at 62% at 2:30 reversal time. 14:29

<+Guest> 719 target 14:31

<+rickf> exit es 1390.25 +.25 paper 14:34

done for a while

making too many goofy mistakes

<+szubaark> rick, its a tough Friday chart 14:35

lets see if they whack Stops above 1394 14:36

<+rickf> yep - back to sideways after that pop up 14:37

<+szubaark> Exited all Long ES at 1391 --> + 4.25 «« paper »» 14:46

<+rickf> wtg

short es 1391 paper small sz 14:47

<+szubaark> gonna quit while ahead, made lots of mistakes today 14:48

<+rickf> this will be my last as well

exit es 1390.75 +.25 paper - said i would be done for a while and didnt listen to myself :( 14:50

<+szubaark> most likely big boys are out playing golf or on their Yachts

<+rickf> (really trying to stick to my rules)

yeah

<+Guest> maybe will test morning high of 721 14:57

<+rickf> wonder if "they" will try for a 1400+ close on the ES 15:04

k all i'm off for the day. good trading and have a great weekend 15:23

<@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 15:54

* NihabaAshi is now known as NihabaAshi_away 16:46

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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.