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#FuturesTrades April 28th Monday 2008 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+7.80	+224.90	+1417.80
$780	$22,490	$141,780

Profitable Trade

1530pm - 1558pm est

Losing Trade

1220pm - 1231pm 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 28 09:08:21 2008Session Ident: #futurestrades

* Now talking in #futurestrades 09:08

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

<anglo> . 09:13

<PapaJon> gm all 09:18

<futurible> gm all

<werner> gm all 09:19

<rickf> gm all 09:25

<+werner> hi rickf 09:27

<+rickf> :) 09:28

<drt> gm guys 09:31

<Spartan> Long ES @ 1400.50 -> small size «« paper »» 09:32

<+Spartan> Exited all ES Long @ 1401 --> + 0.5 «« paper »» 09:33

Shorts ES @ 1400.25 «« paper »» 09:34

<+rickf> short es 1400

paper

<pat255> gm all 09:38

<+pat255> dang @office...:( 09:39

<+rickf> exit 1/2 es 1398 + 2 paper

hld 4

<+Spartan> Covered all ES Short @ 1398.75 --> + 1.5 «« paper »» 09:40

<szubaark> nice Spartan 09:41

<+Spartan> thanks, should have just taken 2

or held:( 09:42

tough just trading one contract

<+pat255> yup.. 09:43

<+Spartan> nice to take profits on half and let the rest run

<+rickf> exit 1/2 es 1396 +4 paper

hld 2

<+Spartan> nice rick

<+rickf> ty

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

<+Spartan> Shorts ES @ 1396 -> small size «« paper »» 09:46

Covered all ES Short @ 1396.75 --> - 0.75 «« paper »» 09:49

Long ES @ 1397 -> small size «« paper »»

<Pepe> gm all 09:50

<@NihabaAshi> Good morning all...late start for me. 09:51

<+rickf> exit remainder es 1397 +3 paper

profit point reached 09:52

<+szubaark> nice rick

<+rickf> thx szu

<+szubaark> Exited all Long ES at 1397.75 --> + 1.5 «« paper »»

<+Spartan> Exited all ES Long @ 1397.75 --> + 0.75 «« paper »» 09:54

Long ES @ 1398.50 -> small size «« paper »» 09:56

<+szubaark> Shorts ES @ 1398.50 «« paper »» 09:58

<+Spartan> Exited ES Long @ 1398.50 --> 0 «« paper »» 09:59

Reverse and Enter Short ES @ 1398.50 «« paper »»

<+rickf> short es 1397.50 paper 10:00

<@NihabaAshi> Shorts ER2 @ 720.20 -> small size 10:01

<+szubaark> Volatility spike to downside 10:02

<pdays> Shorts ER2 @ 720.2 10:04

<+rickf> exit es 1397.50 +0 paper

chart froze

<+pdays> Covered all ER2 Short @ 719.7 --> + 0.5 10:05

<+szubaark> Covered all Short ES at 1396.50 --> + 2 «« paper »»

<+rickf> vn szu

<+szubaark> thnx

<+Spartan> nice one 10:06

<@NihabaAshi> Covered 2/3 ER2 Short @ 719.10 --> + 1.1

<+pat255> vn N 10:07

<+Spartan> Covered all ES Short @ 1397 --> + 1.5 «« paper »»

<+szubaark> Volatility getting Flat

<@NihabaAshi> Covered Remainder ER2 Short @ 720.00 --> + 0.2 10:08

<+Spartan> couldn't get my fill:( 10:11

<nqcruiser> what is the symbol for ER2 folks 10:12

<+werner> er2m08

<+Spartan> Long ES @ 1400.25 -> small size «« paper »» 10:14

Exited all ES Long @ 1400.25 --> 0 «« paper »» 10:17

<+nqcruiser> i am on iqfeed 10:18

and I cant get the damned er2 no

<+Spartan> Long ES @ 1400.75 -> small size «« paper »»

Exited all ES Long @ 140.75 --> - 1260 «« paper »» 10:19

meant 1400.75 0pts 10:20

<+szubaark> Shorts ES @ 1399.25 «« paper »» 10:21

<@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

<+Spartan> Long ES @ 1400 -> small size «« paper »» 10:26

<@NihabaAshi> Long ER2 @ 721.80 -> small size 10:27

intuition only

<+szubaark> exit stop set ES @ 1401 «« paper »» 10:29

<@NihabaAshi> volatility spike 10:30

<+szubaark> Covered all Short ES at 1401 --> - 1.75 «« paper »» 10:32

Buys ES @ 1401 «« paper »»

<+Spartan> Exited all ES Long @ 1402.50 --> + 2.5 «« paper »» 10:34

<@NihabaAshi> Exited ER2 Long @ 723.20 --> + 1.4

<+rickf> vn spartan

<+Spartan> thanks 10:35

<+szubaark> nice Longs Niha,Spartan

<+Spartan> thanks szu

<+szubaark> Exited all Long ES at 1402 --> + 1 «« paper »» 10:36

<@NihabaAshi> The local scooter store rep told me that scooter sales are up 345% in comparison to this time last year...

He saids its due to the high gasoline prices. 10:37

<+rickf> can't imagine why :(

<startrader> The local er will soon report an 800% increase in head injuries.

<@NihabaAshi> :) 10:38

<+szubaark> Shorts ES @ 1402 «« paper »»

<+rickf> short es 1402 paper

heh

<+Spartan> Long ES @ 1401.75 -> small size «« paper »» 10:39

exit stop set ES @ 1401.25 «« paper »» 10:40

Exited all ES Long @ 1401.25 --> - 0.5 «« paper »» 10:41

Long ES @ 1402 -> small size «« paper »» 10:42

<+rickf> exit es 1401.50 +.50 paper 10:44

back in a bit

figures :(

<+Spartan> Exited all ES Long @ 1401 --> - 1 «« paper »»

geez 10:45

done for day, losing my mojo

good luck everyone 10:46

<+szubaark> later

* Spartan is now known as SpartanAway 10:47

<+szubaark> exit stop moved to breakeven ES @ 1402 «« paper »» 10:48

Looks like Ill be taking early lunch

Covered all Short ES at 1400 --> + 2 «« paper »» 10:50

* szubaark is now known as szubaark_Away

<+startrader> Shorts ES @ 1401 11:03

<@NihabaAshi> Shorts ER2 @ 722.50 -> small size 11:13

intuition trade 11:14

<Brutus-L1> http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={abcf3 3bc-e110-4dfd-8a6d-36fa7ce16759}

<+Brutus-L1> http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={5b671 d75-3d20-4c77-b75f-cc6f1354d723}

* codehead_afk is now known as codehead 11:16

<+startrader> Covered 1/2 ES Short @ 1398.50 --> + 2.5 11:18

<robert> wtg star 11:19

<+startrader> Covered Remainder ES Short @ 1397.50 --> + 3.5 11:20

ty

<@NihabaAshi> Covered all ER2 Short @ 722.10 --> + 0.4 11:23

Shorts ER2 @ 731.60 -> small size 11:25

<+robert> would like a pullback into 93-90 for another shot at 14000

140000 11:26

<@NihabaAshi> Shorts ER2 @ 721.60 -> small size

correction

This is a weak support trying to get stronger :( 11:28

volatility declining 11:30

<+startrader> Shorts ES @ 1398.50 -> small size 11:34

<@NihabaAshi> Covered ER2 Short @ 722.50 --> - 0.9 11:38

<+startrader> Shorts ES @ 1399 -> Add

<+rickf> bak 11:48

short es 1400 paper 11:56

exit es 1400 paper +0 12:05

<@NihabaAshi> Long ER2 @ 724.70 -> small size 12:13

intuition only

Exited ER2 Long @ 724.30 --> - 0.4 12:20

Shorts ER2 @ 724.20 -> 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 12:27

* szubaark_Away is now known as szubaark 12:29

<+szubaark> small Volatility spike to upside, with no followthru

<@NihabaAshi> Covered ER2 Short @ 725.70 --> - 1.5 12:31

<+szubaark> That last Spike is getting quickly retraced 12:33

<@NihabaAshi> Shorts ER2 @ 725.10 -> medium size 12:36

<+szubaark> Shorts ES @ 1400.50 «« paper »» 12:41

<@NihabaAshi> volatility is flatlined for awhile... 12:44

Makes it difficult to trade

Covered all ER2 Short @ 724.90 --> + 0.2 12:45

<+szubaark> spiking to downside, hopefully we'll get followthru not another fizzle 12:51

<@NihabaAshi> Long ER2 @ 724.60 -> small size 13:02

<+szubaark> Covered all Short ES at 1401.75 --> - 1.25 «« paper »» 13:05

Buys ES @ 1401.75 «« paper »»

<@NihabaAshi> Bad timing for the stomach to be yelling its starving :( 13:06

Exited 1/2 ER2 Long @ 725.70 --> + 1.1 13:09

WRB Analysis

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<+szubaark> nice Niha.

<@NihabaAshi> Yeah considering I wasn't ready to trade this morning and considering I'm bored. 13:10

Will go to lunch and take a little nap...

Maybe when I return I'll be more inspired to trade.

Oil pushing down further and Gold looks to follow. 13:13

:(

ER2 on its own right now...and volatility is flatlined :( 13:14

<+rickf> heh i just woke up from an unexpected nap here :)

gray monday, rain = ^yawn*

didn't miss any trade opportunities, so perfect timing 13:15

<+szubaark> Exited all Long ES at 1401.75 --> 0 «« paper »»

<@NihabaAshi> Exited ER2 Long @ 725.10 --> + 0.5 13:16

Reverse and Enter Short ER2 @ 725.10

<+szubaark> Shorts ES @ 1401.75 «« paper »»

<@NihabaAshi> volatility increased... 13:18

Things not as boring as it was before :)

<+rickf> heh

<+szubaark> so far, every Volatility spike quickly fizzles 13:19

<@NihabaAshi> Oil and Gold pushing lower and Eminis still keeping their current price level above the support area 13:20

Covered ER2 Short @ 724.90 --> + 0.2 13:23

Be back later

* NihabaAshi is now known as NihabaAshi_away 13:24

<+szubaark> Covered all Short ES at 1401.75 --> 0 «« paper »» 13:26

<leshem> long ER 725.90 13:41

<+leshem> Long NQ 1940.50 13:51

exit ER 6 ticks

t+6 ticks. Too choppy. 13:52

<+rickf> es is tempting too, but i'm not biting right now 13:53

<+leshem> What's the prognosis for ER when it moves over to ICE? 13:54

<+rickf> dunno, i rarely trade it myself 13:55

<+leshem> I find that ER has less back and fill than ES, and moves are more sustained. 13:56

<+rickf> i've heard the er2 is more 'tradeable' but it all depends on who you ask, obviously. i just haven't done much with it to get a feel for it 13:58

but i'm sure er2-v-es is a popular debate in the futures trading world :)

<+leshem> today they're all chop chop 13:59

I suspect a late afternoon major move

but to the downside or upside I have no idea 14:00

ES looks like it's gtetting ready to rally? 14:03

<+rickf> thinkin down

but sitting on sidelines :)

been burned too many times during lunch hours

<+leshem> yeah. 14:04

nothing as bad as burned luch :)

lunch

<+rickf> :)

<A22> Shorts ER2 @ 727.2 -> large size «« paper »» 14:10

<+leshem> exit NQ +5 ticks on 2/3 position, -10 ticks remainder 14:19

<+rickf> short es 1402 smail sz paper

<+A22> Covered 2/3 ER2 Short @ 726.3 --> + 0.9 «« paper »»

Covered Remainder ER2 Short @ 727.2 --> 0 «« paper »» 14:22

<@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 14:33

<+rickf> exit es 1401 +1 paper 14:34

shorted es 1402.50 paper sm sz (late post) 14:50

exit 1/2 es 1400.50 +2 paper 14:52

<+szubaark> nice rick

<+rickf> thx - almost didnt take the entry 14:53

so i went small siz on 'intuition'

exit remainder es 1401.50 +1 paper 14:55

that's it for today

back later 14:56

<Andy> Shorts ER2 @ 728 «« paper »» 15:01

<+Andy> Covered all ER2 Short @ 728.4 --> - 0.4 «« paper »»

Shorts ER2 @ 727.9 «« paper »» 15:03

Covered all ER2 Short @ 728.4 --> - 0.5 «« paper »» 15:05

<@NihabaAshi> Shorts ER2 @ 726.60 -> small size 15:30

<+rickf> short es 1399.50 paper (late post) 15:35

<T-stop> nice ss Niha

<+T-stop> so hard to ss at those low lvls for me

<+rickf> exit es short 1399 +.50 paper 15:36

stupid trade :(

<@NihabaAshi> Covered 2/3 ER2 Short @ 725.20 --> + 1.4 15:37

4pm rush hour price action 15:52

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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)

<+Andy> Long ES @ 1397 «« paper »» 15:55

<@NihabaAshi> Dark Hammer Line 5min chart

Gold still pushing lower

Oil declining now with a better downward momentum 15:56

<+werner> gn all 15:58

<+rickf> cya

<@NihabaAshi> Covered ER2 Short @ 725.30 --> + 1.3

Reverse and Enter Long ER2 @ 725.30

<+Andy> Exited all ES Long @ 1397.5 --> + 0.5 «« paper »» 16:00

<+Brutus-L1> http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={d879d 30f-9ee3-46b2-b175-dbaf7c0318a8} 16:01

<@NihabaAshi> Not much volatility in that rush hour traffic

That's been happening more and more lately :( 16:02

Exited ER2 Long @ 725.80 --> + 0.5 16:06

Take care and see all tomorrow...hopefully there's more volatility tomorrow

* NihabaAshi is now known as NihabaAshi_away 16:07

<+T-stop> tks, cya 16:08

<+rickf> gn all -- see ya tomorrowSession Close: Mon Apr 28 16:18:45 2008

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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.