#FuturesTrades May 7th Wednesday 2008 Trade Log

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: Wed May 07 09:24:34 2008 Session Ident: #futurestrades [09:24] * Now talking in #futurestrades [09:24] <@X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm [09:25] <Andy> gm rickf, all [09:25] <rickf> gm andy [09:25] <+rickf> and all :) [09:26] <+Andy> :) [09:27] <anglo> gm [09:29] <Pepe> gm all [09:30] <drt> gm guys [09:30] <+rickf> short es 1418.75 paper [09:33] <@NihabaAshi> Good morning all [09:33] <+rickf> gm niha [09:33] <PapaJon> gm niha, all [09:37] <+PapaJon> boy.. what an exciting start [09:37] <+rickf> heh [09:37] <+PapaJon> looks like a snail rodeo [09:37] <+PapaJon> yee haw [09:39] <+rickf> exit es 1417 +1,75 paper [09:40] <+rickf> exit overnight long USD/JPY @ 105.358 +147 pips [09:41] <+rickf> short es 1417 paper [09:45] <@NihabaAshi> 0,3 Long ER2 @ 729.60 -> medium size [09:47] <@NihabaAshi> tight trading range since the Open so far [09:47] <@NihabaAshi> I'll be lucky to get a few ticks out of this trade [09:48] <@NihabaAshi> Meant, I'm "expecting" to only get a few ticks out of this trade [09:48] <@NihabaAshi> Anything more is just extra [09:50] <@NihabaAshi> 0,2 Exited 3/4 ER2 Long @ 731.90 --> + 2.3 [09:50] <@NihabaAshi> ooops [09:50] <@NihabaAshi> 0,2 Exited 3/4 ER2 Long @ 730.90 --> + 1.3 [09:50] <@NihabaAshi> corrected [09:51] <+rickf> exit es 1418 -1 paper [09:55] <+rickf> short es 1417 paper small sz [09:56] <KN-ES> 0,3 Long ES @ 1393 [09:56] <+KN-ES> s.l 1.25 [09:56] <+KN-ES> 0,2 Exited 3/4 ES Long @ 1395 --> + 2 [09:57] <+KN-ES> h 7 [09:57] <@NihabaAshi> 10am Economic Report around the corner [09:57] <@NihabaAshi> tightning up my trailing stop [09:57] <+KN-ES> thant should be nq [09:57] <pat255> y...be careful [09:58] <@NihabaAshi> 0,2 Exited Remainder ER2 Long @ 730.30 --> + 0.7 [09:59] <+rickf> exit es 1417 +0 paper [10:01] <+KN-ES> 0,3 Long ES @ 1416.5 [10:01] <+KN-ES> s.l 1 [10:02] <+KN-ES> 0,2 Exited ES Long @ 1415.50 --> - 1 [10:02] <+KN-ES> 0,4 Reverse and Enter Short ES @ 1415.50 [10:02] <+rickf> :( [10:02] <+KN-ES> s.l 1 [10:03] <+rickf> better safe than sorry - especially when testing new timeperiod [10:03] <@NihabaAshi> 0,4 Shorts ER2 @ 729.20 -> medium size [10:03] <@NihabaAshi> intuition only [10:04] <startrader> 0,3 Long ES @ 1415 [10:05] <+rickf> back short at 1415.50 sm sz paper [10:05] <+rickf> (late post) [10:07] <+startrader> 0,2 Exited all ES Long @ 1415 --> 0 [10:08] <@NihabaAshi> 0,2 Covered all ER2 Short @ 729.30 --> - 0.1 [10:08] <werner> gm all [10:08] <+rickf> gm werner [10:09] <+werner> hi rickf [10:11] <+startrader> 0,3 Long ES @ 1414.75 [10:12] <+rickf> exit es 1415 +.5 paper [10:13] <@NihabaAshi> 0,3 Long ER2 @ 729.80 -> small size [10:15] <+startrader> 0,2 Exited all ES Long @ 1416.50 --> + 1.75 [10:15] <@NihabaAshi> turnaround sally :( [10:18] <+rickf> es and dax not in sync this morning [10:18] <+startrader> 0,4 Shorts ES @ 1416.25 [10:18] <@NihabaAshi> Could be one of those days to go back to bed [10:18] <+rickf> :) [10:19] <+pat255> looks like .. [10:19] <@NihabaAshi> 0,2 Exited ER2 Long @ 730.30 --> + 0.5 [10:32] <+rickf> long es 1418 paper [10:40] <@NihabaAshi> 0,3 Long ER2 @ 732.00 -> small size [10:40] <@NihabaAshi> intuition only [10:40] <+rickf> exit es long 1418.75 paper [10:40] <+rickf> +.75 paper [10:40] <+rickf> data lockup :( [10:42] <@NihabaAshi> 0,2 Exited 2/3 ER2 Long @ 733.40 --> + 1.4 [10:43] <@X> 1,4 #FuturesTrades Info -> 8,2 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/FuturesTradesChatRoom.htm [10:43] <@NihabaAshi> 0,2 Exited Remainder ER2 Long @ 733.00 --> + 1 [10:49] <+rickf> back later [10:59] <+Andy> 0,3 Long ES @ 1414.75 4,0 «« paper »» [10:59] <Brutus-L1> 05/07/2008 10:59 *DJ OIL FUTURES: Nymex Crude Rebounds To Hit New High At $122.81/Bbl [11:00] <+Andy> 0,2 Exited all ES Long @ 1413.75 --> - 1 4,0 «« paper »» [11:08] <@NihabaAshi> 0,3 Long ER2 @ 731.20 -> small size [11:09] <@NihabaAshi> weak support area ER2 [11:16] <@NihabaAshi> 0,2 Exited ER2 Long @ 730.50 --> - 0.7 [11:16] <@NihabaAshi> 0,4 Reverse and Enter Short ER2 @ 730.50 [11:17] <+KN-ES> 0,3 Long ES @ 1413.50 [11:18] <+KN-ES> sl 11.75 [11:19] <@NihabaAshi> 0,2 Covered ER2 Short @ 730.10 --> + 0.4 [11:20] <@NihabaAshi> sneaky price action [11:20] <+KN-ES> 0,2 Exited 1/2 ES Long @ 1414.50 --> + 1 [11:20] <@NihabaAshi> 0,3 Long ER2 @ 730.20 -> small size [11:29] <@NihabaAshi> Lost my patience :( [11:30] <@NihabaAshi> 0,2 Exited ER2 Long @ 729.30 --> - 0.9 [11:30] <@NihabaAshi> 0,4 Reverse and Enter Short ER2 @ 729.30 [11:36] <@NihabaAshi> 0,2 Covered all ER2 Short @ 727.40 --> + 1.9 [11:36] <+Andy> vn niha [11:36] <@NihabaAshi> :) [11:37] <@NihabaAshi> However, my patience is gone because those small size trades were "unusually" stressful trades. [11:37] <@NihabaAshi> Taking a break...going to lunch. [11:37] * NihabaAshi is now known as NihabaAshi_away [11:39] <+Andy> 0,3 Long ES @ 1410.75 4,0 «« paper »» [11:43] <+Andy> 0,2 Exited 1/2 ES Long @ 1411.75 --> + 1 4,0 «« paper »» [11:54] <+Andy> 0,2 Exited Remainder ES Long @ 1410.50 --> - 0.25 4,0 «« paper »» [11:57] <+Andy> 0,3 Long ES @ 1410.5 4,0 «« paper »» [11:59] <+Andy> 0,2 Exited 1/2 ES Long @ 1411.5 --> + 1 4,0 «« paper »» [12:06] <+Andy> 0,2 Exited 1/4 ES Long @ 1412.5 --> + 2 4,0 «« paper »» [12:06] <+Andy> h2 [12:10] * codehead_afk is now known as codehead [12:25] <+Andy> 0,2 Exited Remainder ES Long @ 1411.25 --> + 0.75 4,0 «« paper »» [12:25] <+Andy> whew...lunch [12:46] <@X> 1,4 #FuturesTrades Info -> 8,2 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/FuturesTradesChatRoom.htm [13:05] <codehead> oil pike up [13:05] <+codehead> 122.00-122.85 bar [13:09] <+codehead> 123.075 [13:11] <+Brutus-L1> 05/07/2008 13:11 *DJ OIL FUTURES: Nymex Crude Hits New High At $123/Bbl [13:13] <ItalianSharp> man, we should all start using bikes for a while and see what the arabs do when oil demand drops [13:14] <+ItalianSharp> we should be the ones to set oil prices not them...damn it [13:14] <+ItalianSharp> meaning...we can control oil demand [13:14] <+ItalianSharp> or at least part of it [13:15] <+codehead> 123.35 hit [13:15] <+codehead> was a pretty qucik move, must have been news [13:15] <+ItalianSharp> 8,2 13:14ET *DJ OIL FUTURES: Nymex Crude Gains As Demand Strengthens [13:15] <+ItalianSharp> demand strengthens [13:15] <+ItalianSharp> see what i mean? [13:16] <+ItalianSharp> there seems to be more oil demand...you guys been driving more miles recently??? [13:16] <+rickf> back [13:19] <+Andy> US miles traveled actually have dropped [13:19] <+Brutus-L1> http://atimes.com/atimes/Global_Economy/JE06Dj07.html [13:23] <+Andy> there's a silicon valley entrepreneur who is making a retail ethanol still, about the size of a stacked washer/dryer [13:23] <+Andy> claims to make ethanol for a dollar a gallon [13:24] <+Andy> would be a game changer if true...would be like a washer/dryer...in every house [13:32] <+Brutus-L1> hell prolly get assassinated [13:32] <+Brutus-L1> lol [13:33] <+Andy> carbon footprint is also about 1/8th that of gas...so Hollywood is in big... [13:38] <+rickf> short es 1408.75 paper sm sz [13:41] <+Brutus-L1> http://www.taipeitimes.com/News/bizfocus/archives/2008/04/27/2003410356 [13:42] <+Andy> that's it Brutus :) [13:42] <+Brutus-L1> :) [13:44] <+Andy> 0,3 Long ES @ 1408 4,0 «« paper »» [13:45] <+Andy> 0,2 Exited all ES Long @ 1407 --> - 1 4,0 «« paper »» [13:56] <+rickf> exit 1/2 es 1406 +2.75 paper [14:18] <+rickf> short es 1407 (add) paper [14:22] <+rickf> exit es 1406 +2.5 paper [14:24] <+startrader> 0,3 Long ES @ 1405 [14:26] <+rickf> ....and the computers kick in, eh? [14:26] <+startrader> 0,3 Long ES @ 1403.25 [14:27] * NihabaAshi_away is now known as NihabaAshi [14:28] <@NihabaAshi> Wow...who popped the ballon ? [14:28] <@NihabaAshi> :) [14:28] <+ItalianSharp> yr:) [14:28] <+ItalianSharp> :) [14:28] <+rickf> thank me - i closed my es short 1 bar before the drop [14:28] <+rickf> send checks or beer, pls :) [14:28] <+Andy> rickf, please give us a heads up when you do that :) [14:29] <+rickf> lol [14:30] <+KN-ES> nice rickf [14:30] <+rickf> :) [14:31] <+KN-ES> you did a great help to everone........... [14:31] <+KN-ES> and we are so proud of you:) [14:31] <+rickf> shorted es 1400 paper sm sz [14:31] <+rickf> you're welcome [14:31] <+KN-ES> cool [14:32] <+Andy> rickf, could you specify what kind of beer you like? [14:32] <+rickf> at the moment, trader joe's chicago stockyard oatmeal stout [14:33] <+Andy> it'll be a head nod for all the traders in this room to chip in... [14:33] <+rickf> exit es 1399 +1 paper [14:33] <+rickf> andy -- hah! [14:33] <+Andy> are you reversing the market now, rickf? [14:34] <+rickf> *blink* *blink* [14:34] <+Andy> remember, you promised to tell us... [14:34] <+rickf> not yet [14:36] <@NihabaAshi> 0,4 Shorts ER2 @ 719.40 -> small size [14:40] <@NihabaAshi> 0,2 Covered all ER2 Short @ 719.00 --> + 0.4 [14:40] <+rickf> long es 1399 sm sz paper [14:44] <@NihabaAshi> weak support area ER2 [14:46] <@NihabaAshi> 0,4 Shorts ER2 @ 719.10 -> small size [14:47] <+rickf> reversed now short 1397.75 sm sz paper [14:49] <+Andy> 0,3 Long ES @ 1396.25 4,0 «« paper »» [14:50] <+Andy> 0,2 Exited 2/3 ES Long @ 1397.25 --> + 1 4,0 «« paper »» [14:51] <+rickf> exit es short 1397.50 +.25 paper [14:51] <@NihabaAshi> 0,2 Covered all ER2 Short @ 718.70 --> + 0.4 [14:52] <@X> 1,4 #FuturesTrades Info -> 8,2 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/FuturesTradesChatRoom.htm [14:53] <+rickf> long es 1398.25 paper [14:54] <+Andy> 0,2 Exited ES Long @ 1398.25 --> + 2 4,0 «« paper »» [14:54] <+rickf> vn andy [14:54] <+Andy> thx rickf [14:56] <+Andy> h1 [14:58] <@NihabaAshi> Gold all over the place the last two trading days [14:58] <+Andy> 0,2 Exited Remainder ES Long @ 1399.25 --> + 3 4,0 «« paper »» [14:58] <+rickf> :) [15:30] * sep34 is now known as sep34_away [15:32] <@NihabaAshi> Take care all...gotta go [15:33] <+rickf> cya [15:33] * NihabaAshi is now known as NihabaAshi_away [16:01] <+werner> wow [16:01] <+rickf> no kidding [16:01] <+werner> :) [16:01] <+rickf> if i wasn't testing a new chart today i'd have shorted after lunch and let it run :) [16:01] <+werner> nice [16:02] <+Brutus-L1> http://custom.marketwatch.com/custom/tdameritrade-com/html-story.asp?guid={53f53823-8c68-4e76-9814-0df70f89dd1f} [16:02] <+rickf> told a friend i'd try his 5min ES setup -- he says it works for him, I found it kind of slow compared to my usual 3m [16:02] <+rickf> hence some horrible trades (paper) today [16:03] <+werner> hence= fight [16:03] <+werner> ? [16:03] <+rickf> no..."hence" = "ergo" = "meaning that...." [16:04] <+werner> ok [16:08] <+werner> rickf ....take care all,cya [16:08] <+rickf> cya [16:58] <@X> 1,4 #FuturesTrades Info -> 8,2 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/FuturesTradesChatRoom.htm
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)
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Google:	#FuturesTrades past logs can be searched via using Google. For example, pretend you want to research what has been said about volatility analysis. Go to the Google search window below and type in "volatility analysis" site:thestrategylab.com (exactly as I typed it including the quotation marks) and you will find everything associated with those key words that were used by any member of  #FuturesTrades.

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.

Sincerely,

M.A. Perry and Associates

TheStrategyLab.com

 questions@thestrategylab.com

"The point of this whole exercise is to make money. Everything else is just conversation." --Jonathan Hoenig

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