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#FuturesTrades May 5th Monday 2008 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+17.90	+45.20	+1486.90
$1,790	$4,520	$148,690

Profitable Trade

0939am - 0943am est

Losing Trade

"no losers today...rarely does that happen"

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 - martial arts and Japanese Candlestick term) only and all trades were posted in real-time within 5 seconds after entry or exit as shown in the below chat log.

Also, I'm the moderator of #FuturesTrades and I use the below chat log as feedback to critical trading information that's not available when I review my broker statements nor any statistical analysis of my trading.

Further, although I'm not familiar with the trade methods used by most members of #FuturesTrades, I use a rule based methodology (very objective) that involves price action only trading (no indicators).

There is some subjectivity involved with some of my trades when I'm developing a new entry signal or new trade management (hence the name TheStrategyLab.com).

In addition, my intermarket analysis allows me to switch and profitably trade any other trading instrument whenever I want if/when I don't want to trade the Russell 2000 ER2 Emini Futures.

With that said, today's trade posting chat log is below and it contains all my trades that were posted in real-time 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 May 05 09:23:58 2008Session 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

<pat255> gm N.. 09:24

<@NihabaAshi> Good morning pat255 and all

<T-stop> gm 09:25

<ItalianSharp> morning all

<rickf> gm 09:26

<anglo> gm 09:29

<futurible> GM ALL

<+rickf> ding ding 09:30

<KN-ES> Shorts ES @ 1411 09:31

<+KN-ES> sl 2

<+rickf> short es 1410 paper 09:33

<+KN-ES> Covered 1/2 ES Short @ 1409 --> + 2 09:34

<@NihabaAshi> Weak support area here for ER2

<+KN-ES> Covered 1/4 ES Short @ 1409.50 --> + 1.5 09:36

<@NihabaAshi> Shorts ER2 @ 723.30 -> medium size 09:39

intuition...no pattern signal

Covered all ER2 Short @ 721.90 --> + 1.4 09:43

<+rickf> exit es 1409 +1 paper 09:44

<Brutus-L1> http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={c3762 84d-4091-42b8-82ea-d37c1e08b70c} 09:47

<werner> gm all 09:50

<@NihabaAshi> Long ER2 @ 724.30 -> small size 09:55

Wow 10:00

Exited 2/3 ER2 Long @ 726.00 --> + 1.7

<lumenPharmer> data probs out there, so they say 10:01

<+lumenPharmer> Several market indices, such as the Volatility Index ($VIX.X), S&P 500 Index ($SPX.X and $INX), S&P 100 Index ($OEX.X and $OEX), and the Russell 2000 Index ($RUT.X and $IUX) are experiencing an industrywide outage. We will be providing more information as it becomes available 10:02

<@NihabaAshi> Exited Remainder ER2 Long @ 725.00 --> + 0.7

<PapaJon> yah... i noticed this too on esignal lum

<+PapaJon> on my vix/vxn charts 10:03

<+lumenPharmer> pain in the arse ;)

<+PapaJon> yes.. agree 10:04

but is one of those things we will always have to deal with

<+lumenPharmer> we don't need no stinking data, hehehe

<+PapaJon> lol 10:05

dart board works 50% of the time 10:06

<+lumenPharmer> just let the hammer fly ;)

benny speaking today 10:08

<+PapaJon> sheesh... guess everyone really liked that ism #

<+KN-ES> Long DAX @ 7095.5 10:09

Exited 1/2 DAX Long @ 7098.5 --> + 3 10:10

SL 2

<+rickf> short es 1415 paper 10:13

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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)

<@NihabaAshi> Shorts ER2 @ 727.40 -> small size 10:15

2 only

Key markets not in sync right now. 10:16

Looks like that volatility burst caught too many traders in different markets off guard and that sometimes results in key markets not being in sync together

However, eventually (soon) they'll get back in sync again. 10:17

<+rickf> exit 1/2 es 1413 +2 paper

hld 4

<@NihabaAshi> That's when I'll cover my Short position

Covered all ER2 Short @ 725.00 --> + 2.4 10:18

<+lumenPharmer> lol

nice niha :)

<@NihabaAshi> Yeah...I got a little greedy on that one :)

<+lumenPharmer> greed is good ;) 10:19

hehehe

<@NihabaAshi> markets in sync again

<+lumenPharmer> data still doesn't seem correct yet, not flowing 10:20

<+rickf> exit remainder es 1412 +3 paper

<+lumenPharmer> wtg rick

<+rickf> thx

first trade using market footprint chart :) 10:21

<+lumenPharmer> second day the exchanges have had data probs, must have upgraded to vista ;) hehehe 10:34

<+rickf> lol 10:35

<+lumenPharmer> ER can't seem to get very far from 720

<startrader> Long ES @ 1409.25 10:42

<@NihabaAshi> Long ER2 @ 723.80 -> small size 10:44

intuition because of an aggressive early entry

Exited ER2 Long @ 723.90 --> + 0.1 10:46

<+startrader> Exited 1/2 ES Long @ 1410.50 --> + 1.25 10:47

Exited Remainder ES Long @ 1410.50 --> + 1.25 10:48

Shorts ES @ 1410.25 10:49

Covered 1/2 ES Short @ 1408.25 --> + 2 10:54

<+rickf> vn star

<@NihabaAshi> Shorts ER2 @ 722.70 -> small size 10:55

<+rickf> back later

<@NihabaAshi> Covered 2/3 ER2 Short @ 721.60 --> + 1.1 10:57

<@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 10:58

<@NihabaAshi> weak support here for ER2

<+startrader> Covered Remainder ES Short @ 1406 --> + 4.25 10:59

<+pat255> vn 11:00

<+startrader> ty 11:01

Wanted the 04 handle, the nq has been wagging this dog the last couple weeks and took a cue to cover. 11:02

<+pat255> what u mean star? 11:03

<+startrader> nq has been leading in momo, when it started to slow on a very small timeframe at support area took a cue to cover. 11:08

<@NihabaAshi> weak support area ER2

<+pat255> i c ty

<@NihabaAshi> Covered Remainder ER2 Short @ 721.90 --> + 0.8 11:12

Long ER2 @ 721.90 -> small size 11:13

<+startrader> Shorts ES @ 1406.75 11:14

<@NihabaAshi> Exited ER2 Long @ 722.50 --> + 0.6 11:15

<+Brutus-L1> 05/05/2008 11:17 *DJ OIL FUTURES: Nymex Crude Hits Intraday High Of $120.21 11:17

<+startrader> Covered all ES Short @ 1408 --> - 1.25 11:32

Shorts ES @ 1409.25 11:35

Covered 1/2 ES Short @ 1480.25 --> - 71 11:50

<+pat255> later guys back to office ..ty all 12:11

<+startrader> anyone hear a credible explanation on the overnight move? 12:21

<robert> CNBC said "fat finger" error trade.. 12:24

<@NihabaAshi> Whatever it was...we are stuck within it's price range. 12:25

<+startrader> On all markets, very odd, grains just started breaking the middle just as the indexes did. The conspirasist side of me suspects a bigger cue. 12:26

Happened back in Jan, busted trades back then but quickly followed with a move to the low of the range. 12:27

<@NihabaAshi> Be back later...taking a long lunch 12:34

sushi time at the sushi resturant with family

* NihabaAshi is now known as NihabaAshi_away

<+startrader> burger time at the legs and eggs for me. 12:37

<+KN-ES> :) 12:38

it should start dropping now.

i guess

Does anyone here use Globex2 data feed? 12:43

<Pepe> I have globex data 12:46

<@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 13:04

<+KN-ES> thanks pape 13:11

pepe

sorry

I am looking for commercial g2 data

<+Pepe> ok 13:16

WRB Analysis

Learn More

<+KN-ES> dont believe its so hard to find commerically 13:19

* codehead_afk is now known as codehead

<+Pepe> my Globex data are from IB 13:39

<+KN-ES> and finally...... 13:50

took 2 days

<+startrader> Looks like 1400 may be in jeopardy here. 14:11

<+Brutus-L1> 05/05/2008 14:36 *DJ OIL FUTURES: Crude Closes Up $3.59/Bbl After Record High 14:37

<+rickf> bacl 14:41

back

<peterpanboy> hi to everyone 14:42

<+startrader> Shorts ES @ 1406.25 -> Add 14:47

<+rickf> short es 1407.25 paper 14:57

<@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 15:10

* NihabaAshi_away is now known as NihabaAshi 15:15

<@NihabaAshi> I'm not inspired to watch this late afternoon low volatility price action nor hang around for the start (3:45pm est) of the 4pm rush hour traffic jam. 15:31

Take care all and see all tomorrow.

* NihabaAshi is now known as NihabaAshi_away

<+T-stop> tks, cya

<+rickf> i was just thinking that -- is it me or is the es just pokey as heck this afternoon? 15:32

<+peterpanboy> yeah very nasty consolidation 15:37

<+rickf> exit es 1407.25 breakeven 15:39

eeesh :( 15:40

couldnt watch that anymore

k guys have a good afternoon -- see ya tomorrow 15:43

<+peterpanboy> Ok bye everyone see ya tomorrow 15:55

<+Brutus-L1> http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={5e3a7 571-cb12-4fb4-afdb-215a3894c5ad} 16:02

<+werner> gn all 16:34

<@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 17:13

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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.