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#FuturesTrades May 11th Friday 2007 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+3.70	+112.90	+1244.10
$370	$11,290	$124,410

Current Performance Record

Intermarket Analysis

Trader Workstation and Profit/Loss Statement

Today's WRB Analysis: I was mentally in the game during my first two trades but after that I began trading with some fear and such tends to occur on Friday's because I'm one of those traders that wants the last trading day of the week to be profitable so that I have very little to think about concerning trading when the weekend arrives.

However, today that fear was big enough to keep a cloud over my head and it showed up in my trading when volatility began declining soon after 1130am est.

In fact, all WRBs were easily retraced in the price action between 1130am - 1439pm est and when that happens it's difficult trading for my trading style as expected.

The key statement above is that when I see that type of volatility that's confirmed by WRBs being quickly retraced...I should have stopped trading and waited for a volatility breakout.

That type of patience would have easily overcome the fear I had to allow me to take better trades...resulting in bigger profits in compared to profits when trading scared.

Patience would have also allowed me to exploit a key Dark WRB that appeared @ 1433pm est because it setup one of my bullish pattern signals @ 1439pm est via the 3min chart interval.

General Strategy Info: Currently, I'm exclusively trading the Russell 2000 Emini ER2 futures even though my strategies are applicable and profitable on all the trading instruments listed towards the bottom of this webpage along with my past trade journals showing consistent profits in other trading instruments prior to exclusively trading Emini Futures ER2.

In addition, I use a rule based (no subjectivity) methodology via my best strategies involving WRB Analysis. However, there are other key variables integrated with WRB Analysis that involves simple concepts of intermarket analysis, market seasonal tendencies, volatility analysis, support/resistance zones and position size management along with custom Japanese Candlestick patterns to complete my trading plan that results in consistent profits.

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. Also, I use the user name NihabaAshi in the below trade posting chat log.

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.

Session Start: Fri May 11 09:15:47 2007Session Ident: #futurestrades

* Now talking in #futurestrades 09:15

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

<PapaJon> gm all 09:26

<Brutus> Greenspan on recession talk again! 09:27

http://www.chron.com/disp/story.mpl/ap/f n/4795535.html

<X> #FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, QQQQ, SPY)

<PapaJon> greeaaat 09:30

<RussellDaytrade> he gets paid as much now for making a few utterances, as he previously did for an entire year at-the-job. no doubt he 'welcomes' the opportunity. 09:32

<eminitrader> Shorts ES @ 1502

<werner> gm wiz, niha ,all 09:34

<wizardofrijnsaterwou> gm werner 09:35

<Brutus> Shorts ES @ 1502.5 «« paper »» 09:37

<eminitrader> Shorts ES @ 1502.25 -> Add

<les> looks like er2 tring to close the wrb gap on the dailt 09:39

@ 27.7

jeez that spelling is terrible :)

<NihabaAshi> Shorts ER2 @ 826.40 -> medium size

<PapaJon> back to school for les 09:40

<les> wont work

never did in the past

<PapaJon> :)

<NihabaAshi> Covered all ER2 Short @ 825.50 --> + 0.9 09:41

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Trading Strategies -> These strategies, from entry to exit, will exploit inefficiencies in the price action of your trading instrument for profits in the following trading instruments via WRB Analysis: Emini Index Futures (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), Forex Currencies (EurUsd, EurYen, UsdCdn), Exchange Traded Funds (DIA, GLD, OIH, IWM, QQQQ, SPY, XLE) and Hang Seng Index Futures (HSI)

<AmazingJason> Shorts ER2 @ 824.60 09:44

<eminitrader> Covered all ES Short @ 1502 --> + 0.25 09:45

<AmazingJason> Shorts ER2 @ 825.50 -> Add

<les> Long ER2 @ 826.5 09:48

<Brutus> Shorts ES @ 1503.5 -> Add «« paper »»

<AmazingJason> Shorts ER2 @ 826.90 -> Add

<NihabaAshi> Volatility is fairly even across the board = chop and tough trading 09:49

<eminitrader> Shorts ES @ 1503.50 09:50

<szubaark> Buys NQ @ 1892.50 «« paper »» 09:51

<pat255> bonds up a bit 09:54

not going down ... 09:57

<eminitrader> not going up either :) 09:58

<szubaark> lol

<eminitrader> i'm not bullish untill 1505 is taken out

<Brutus> 1000/1400 Mar Business Inventories +0.3% +0.3% 09:59

<eminitrader> Covered 1/2 ES Short @ 1501.50 --> + 2

<pat255> vn em

<eminitrader> thx pat

<les> Exited ER2 Long @ 824.9 --> - 1.6 10:06

Reverse and Enter Short ER2 @ 824.9

<AmazingJason> Shorts ER2 @ 826.30 -> Add 10:13

<eminitrader> Covered Remainder ES Short @ 1503.50 --> 0 10:14

<les> Covered all ER2 Short @ 826.3 --> - 1.4 10:16

ouch x 2

<pat255> :( 10:17

<les> Long ER2 @ 827.1

<AmazingJason> Shorts ER2 @ 827.40 -> Add 10:18

<szubaark> NQ acting up here 10:25

ES waiting on NQ to take out Highs

<les> Exited all ER2 Long @ 827.6 --> + 0.5 10:27

* les is now known as lesAway 10:33

<Brutus> Shorts ES @ 1505 -> Add «« paper »» 10:40

<NihabaAshi> Oil Energies has been strong since 1015am est 10:41

Long ER2 @ 829.20 -> small size 10:51

<lesAway> Long ER2 @ 828.2

late sorry 10:52

<AmazingJason> Covered all ER2 Short @ 829.70 --> - 7.4

<lesAway> Exited 1/2 ER2 Long @ 829.2 --> + 1

* lesAway is now known as les

<szubaark> Exited all Long NQ at 1896.50 --> + 4 «« paper »»

<Brutus> Covered all ES Short @ 1508.5 --> - 9.5 «« paper »» 10:54

<les> exit stop raised ER2 @ 828.3

<NihabaAshi> Exited all ER2 Long @ 829.70 --> + 0.5

<les> looking for 2nd leg here 10:58

have they gone to sleep? 11:06

oh... they just needed me to nudge em a bit 11:09

:)

exit stop raised ER2 @ 828.6 11:12

<AmazingJason> Shorts ER2 @ 831.10 -> small size 11:14

<pat255> nice les ...to go L ..

<les> Exited Remainder ER2 Long @ 831.2 --> + 3

<eminitrader> Long ES @ 1506.75 11:43

<NihabaAshi> Shorts ER2 @ 828.20 -> small size 11:46

<AmazingJason> Shorts ER2 @ 828.50 -> Add 11:49

<pat255> c u all later ty 11:53

<les> Long ER2 @ 829.1 11:57

<NihabaAshi> Covered all ER2 Short @ 829.00 --> - 0.8 11:58

Shorts ER2 @ 828.30 -> small size 12:09

Shorts ER2 @ 828.60 -> Add 12:13

I'm at 2 contracts now.

<eminitrader> Long ES @ 1506 -> Add 12:16

<les> ru still long es, em?

<eminitrader> yep

<les> nice call

i only say that cos i got long too just after u :)) 12:17

<eminitrader> k

i got dissconected ..

while on a break

<les> i saw

<eminitrader> was filled @ 1506 ...stop was @ 1505.25 12:18

is still there

<NihabaAshi> Covered 1/2 ER2 Short @ 829.20 --> - 0.6 12:22

Covered Remainder ER2 Short @ 829.30 --> - 1 12:23

<les> a break of 29.5 will see it on its way

o course thats just where itll pause 12:24

they do that cos they know i'm long 12:25

<NihabaAshi> Shorts ER2 @ 828.70 -> medium size 12:26

Covered ER2 Short @ 828.50 --> + 0.2 12:37

Holding 2 contracts

Covered ER2 Short @ 828.70 --> 0 12:41

Reverse and Enter Long ER2 @ 828.70

<les> this action has gotta pull a few more g's to break out here

hoping for a po or something to brk the stalemate 12:42

pop

i got a whole lotta fami;y stuff to do now, and this is takin much too long for me 12:43

frustrating

<RussellDaytrade> I'll call the pit and tell 'em to get a move on! :) 12:44

<les> i was just about to ask

<RussellDaytrade> which way you want it to go?

<les> up please

far up prefrably :)) 12:45

very far

tell me what they say

<RussellDaytrade> sorry, they're not serving that flavor at the moment.

<les> ah bollocks

look i'll make a deal w them.... 12:46

they let me win today..

and i'll lose like crazy for them tomorrow

<NihabaAshi> Exited ER2 Long @ 827.80 --> - 0.9 12:48

Reverse and Enter Short ER2 @ 827.80

<AmazingJason> Covered 1/3 ER2 Short @ 827.70 --> + 0.8 12:49

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<NihabaAshi> Shorts ER2 @ 827.60 -> Add

<eminitrader> Exited all ES Long @ 1505.25 --> + 1.5

<NihabaAshi> ONly 3 contracts now 12:50

<les> Exited ER2 Long @ 827.4 --> - 1.7

Reverse and Enter Short ER2 @ 827.4

crazy

i closed the trde and Ninja trader revered me into the short

<eminitrader> friday blues :(( 12:51

<les> it shouldnt have done that at all

<eminitrader> NQ is strong ...thats stopping me from shorting 12:52

<NihabaAshi> Support area at 827.60 :(

<RussellDaytrade> maybe they are now prgramming artificial intelligence into them, so the trading platforms begin to learn ones trading styles, and 'read your mind' 12:53

<les> true, niha, but a break of the wrb @ 10:50 would be a good one

<eminitrader> Long ES @ 1505.75 12:54

looks like they r just running stops on the ES 12:56

<NihabaAshi> Covered all ER2 Short @ 827.90 --> - 0.4

<eminitrader> Exited 1/2 ES Long @ 1507.25 --> + 1.5 13:00

<les> Covered all ER2 Short @ 827.9 --> - 0.5

<X> #FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, QQQQ, SPY)

<NihabaAshi> Shorts ER2 @ 828.40 -> small size 13:02

Covered all ER2 Short @ 828.00 --> + 0.4 13:08

<eminitrader> Exited Remainder ES Long @ 1506.75 --> + 1 13:17

<les> Long ER2 @ 828.2 13:20

Exited 1/2 ER2 Long @ 829.2 --> + 1 13:22

bout time

<AmazingJason> Shorts ER2 @ 829.70 -> Add 13:28

<les> Exited Remainder ER2 Long @ 829.6 --> + 1.4 13:29

back later 13:30

* les is now known as lesAway

<AmazingJason> Shorts ER2 @ 829.60 -> Add 13:31

<eminitrader> hav a good wkend all.. 13:56

<lesAway> Shorts ER2 @ 828.6 14:18

Covered 1/2 ER2 Short @ 827.8 --> + 0.8 14:31

<AmazingJason> Covered 1/3 ER2 Short @ 827.60 --> + 2

* lesAway is now known as les 14:35

<ItalianSharp> i'm done trading...good weekend all 14:49

<werner> good wk IT 14:50

ym weak 15:00

nq strong

<naked> After testing the 830's, we rejected. We traded them down to the 827.50's and rejected the lower area. We have now formed a range and will likely remain in this range for the afternoon. Break of 829.60 will bring in buyers, a break of 827.1 will bring in sellers. At both levels we have a "ledge" in market profile. Only 700cts traded more at the ask than at the bid on the ER2 15:14

<RussellDaytrade> so, you think the highs are in, as in the highs at 840 on the fed announcement? 15:16

<werner> naked pls post your trade's at real time and not after 15:18

<X> #FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, QQQQ, SPY) 15:21

<werner> es is mayde key here 15:29

<NihabaAshi> Gotta time this entry just right... 15:30

<werner> indd

<NihabaAshi> Too strong to Short and price action picked up volatility after my comment. 15:31

<werner> yep

<NihabaAshi> Long ER2 @ 831.90 -> small size 15:32

Exited ER2 Long @ 831.50 --> - 0.4 15:33

Reverse and Enter Short ER2 @ 831.50

Added to contracts on the reverse

Total of 3 contracts 15:34

Shorts ER2 @ 831.80 -> Add 15:37

<les> just realised i failed to post an exit earier 15:38

sorry 15:39

Covered Remainder ER2 Short @ 830 --> - 1.4

<NihabaAshi> Covered 1/4 ER2 Short @ 831.30 --> + 0.5

<werner> np les

<les> Shorts ER2 @ 831.3

<werner> ym is not confirm 15:40

no hh

<NihabaAshi> ER2 should have tested the 831.00 price area by now :( 15:41

Looking to dump my position.

Covered ER2 Short @ 831.90 --> - 0.4 15:42

Reverse and Enter Long ER2 @ 831.90

I have a target of 832.40 but the volatility is drying up... 15:45

Thus, I'm expecting a volatility spike here soon.

Hopefully in my direction.

<werner> :)

<NihabaAshi> I just saw some strange price spike quotes in Oil 15:47

<werner> i think 830 is a nice l entry but time is up :) 15:48

its 22.00 in the evening here 15:49

i think i look for a drink here

<NihabaAshi> Long ER2 @ 831.40 -> small size

Nevermind...data vendor just cleanup the error spikes. 15:50

<werner> and think what i will by for mothers day, hihi

32.40 is that a 60'target? 15:52

<NihabaAshi> Exited 1/4 ER2 Long @ 832.40 --> + 1 15:53

<les> Covered all ER2 Short @ 831.4 --> - 0.1

<werner> 60'=60 min frame

nice niha

<NihabaAshi> Exited 1/4 ER2 Long @ 832.30 --> + 0.9

Exited Remainder ER2 Long @ 832.00 --> + 0.6 15:54

script math error for last three shown exits. 15:55

The shown +0.90 is really a +0.40 and the shown +0.60 is a +0.10 15:56

Long ER2 @ 832.00 -> small size 15:58

<werner> what do you mean with shown?

<NihabaAshi> 1 contract only

<werner> k :) 15:59

good wk all and see you next week niha,all 16:01

<NihabaAshi> Take care and have a good weekend

<werner> tx

<NihabaAshi> Exited ER2 Long @ 831.60 --> - 0.4 16:02

Reverse and Enter Short ER2 @ 831.60

Shorts ER2 @ 830.00 -> Add 16:03

Ooops...that's a 831.00

* Disconnected 16:04

* Attempting to rejoin channel #futurestrades 16:06

* Rejoined channel #futurestrades

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

<NihabaAshi> sorry about the disconnection...I closed the wrong window :)

Covered ER2 Short @ 830.80 -> +0.50 and -0.10 16:08

I got in some trades for documentation of a particular type of volatility spike near the end of the trading session. 16:12

Reason why I was aggressive in some many trades after 3:30pm est.

Take care all and have a safe/nice weekend. 16:15

<GoodMood> u 2

<NihabaAshi> I'll be looking for a trend day on Monday.

* NihabaAshi is now known as NihabaAshi_away

<NihabaAshi_away> [16:08] <NihabaAshi> Covered ER2 Short @ 830.80 -> +0.50 and -0.10 16:20

That's incorrect...its an exit at 831.10 and everything else (+0.50 and -0.10) is correct.

<X> #FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, QQQQ, SPY) 16:33

* DisconnectedSession Close: Fri May 11 16:35:12 2007 16:35

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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 ES, NQ and ER2

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

Hang Seng Index Futures HSI

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