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#FuturesTrades June 18th Monday 2007 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+12.10	+155.10	+1535.50
$1,210	$15,510	$153,550

click on image to view actual size

Current Performance Record

Trading in the Zone

Profit/Loss Statement

General Chat Room/Log Info: The above points along with 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.

Also, #FuturesTrades is free to any trader and I am the only trader in #FuturesTrades that represents TheStrategyLab.com

My main function in #FuturesTrades is to be the moderator and I use the chat room as more eyes on the markets to help prevent missing critical market info that have impact on my trades.

#FuturesTrades is not a signal calling chat room and all users are required to post at least one trade (real money or simulator) per day of use.

General Strategy Info: 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.

However, I use 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.

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 in the world.

To learn more about my methods, the links below will provide the info you need.

Trading Reports (fee-based content for traders that want access to our reliable/profitable strategies)

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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.

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Session Start: Mon Jun 18 09:29:47 2007Session Ident: #futurestrades

* Now talking in #futurestrades 09:29

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

<Awash> good morning all 09:30

<PapaJon> gm all... happy post fathers day

<base> gm all 09:31

<pat255> guess ath ...& up up .. 09:38

gm all

<les> Shorts ER2 @ 855.4 «« paper »» 09:39

<NihabaAshi> Shorts ER2 @ 855.20 -> small size

2 contracts only 09:40

Covered all ER2 Short @ 856.00 --> - 0.8 09:41

Long ER2 @ 855.50 -> medium size 09:42

<les> Covered all ER2 Short @ 856 --> - 0.6 «« paper »» 09:44

<NihabaAshi> Exited 2/3 ER2 Long @ 856.20 --> + 0.7 09:45

<werner> gm all

<NihabaAshi> The stagnant volatility not allowing for WRB profit targets. 09:46

Exited Remainder ER2 Long @ 855.70 --> + 0.2

Long ER2 @ 854.60 -> small size 09:53

Exited all ER2 Long @ 855.10 --> + 0.5 09:58

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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)

<les> Long ER2 @ 855.3 «« paper »»

Exited all ER2 Long @ 853.3 --> - 2 «« paper »» 10:01

Shorts ER2 @ 852.1 «« paper »» 10:03

<RussellDaytrade> 861.78 is ,y target, though it may be exceeded to the downside

851.78 10:04

looks like it fulfilled

<eminitrader> Long ES @ 1545.75 10:07

<NihabaAshi> Shorts ER2 @ 851.60 -> large size

I'm a little slow this morning... 10:08

Didn't realize until now its trying for a GAP fill.

<pat255> hmmm need a strong cup of coffe ...:)

u mean gap fill to 848? 10:09

<NihabaAshi> Probably because I wasn't here on Friday to see the GAP form :)

Shorts ER2 @ 852.10 -> Add 10:12

<eminitrader> Exited 1/3 ES Long @ 1546.75 --> + 1

<NihabaAshi> Covered all ER2 Short @ 852.50 --> - 1.3 10:13

<intowin> shorts ES @ 1547

<eminitrader> Exited 1/3 ES Long @ 1546.75 --> + 1

<RONDOE> long er2 852.50

<NihabaAshi> Shorts ER2 @ 852.50 -> large size

<eminitrader> Exited Remainder ES Long @ 1545.75 --> 0 10:15

<les> Covered 1/3 ER2 Short @ 851.1 --> + 1 «« paper »» 10:16

<RONDOE> exit ER2 851.50 -1.00 10:17

<NihabaAshi> Covered 2/3 ER2 Short @ 851.30 --> + 1.2

<pat255> vn niha ..dang missed it ..did not c the setup .. 10:18

<les> Covered 1/3 ER2 Short @ 850.1 --> + 2 «« paper »» 10:19

exit stop lowered ER2 @ 852 «« paper »» 10:20

<NihabaAshi> Covered ER2 Short @ 849.90 --> + 2.6 10:21

Holding 1 contract

<eminitrader> nice shorts guys 10:22

<les> exit stop lowered ER2 @ 851.6 «« paper »» 10:23

Trailing Stop Hit ER2 @ 851.6 --> + 0.5 «« paper »» 10:24

<NihabaAshi> Covered Remainder ER2 Short @ 851.80 --> + 0.7 10:27

<eminitrader> Long ES @ 1545.75 10:39

<les> Long ER2 @ 852.4 «« paper »» 10:40

<RONDOE> long ER2 852.70

<eminitrader> Exited 1/3 ES Long @ 1546.75 --> + 1 10:43

<les> Exited 1/2 ER2 Long @ 853.4 --> + 1 «« paper »»

<jperl> ER2 approaching VWAP 853.71 10:44

<eminitrader> Exited Remainder ES Long @ 1545.75 --> 0 10:49

<RussellDaytrade> with a little luck, this move will take it into my target of 854.7 or so 10:53

<les> same tgt here rd 10:54

<RONDOE> exit ER2 854.10 =1.40 10:55

<RussellDaytrade> I think it just fulfilled, may not quite make it to 854.7, es lagging, acting as a drogue 10:58

<les> exit stop raised ER2 @ 853 «« paper »»

<pat255> yes rd ..

<Awash> ES price action wants to retest LOD 11:02

<les> Trailing Stop Hit ER2 @ 853 --> + 0.6 «« paper »»

<eminitrader> Long ES @ 1545

<les> Long ER2 @ 853 «« paper »» 11:04

<eminitrader> Exited all ES Long @ 1545 --> 0

<RONDOE> short ER2 853.50 11:07

<NihabaAshi> Long ER2 @ 853.50 -> small size 11:09

<les> bbiaw 11:10

<NihabaAshi> Long ER2 @ 852.80 -> Add 11:13

<jperl> done for the morning.....trades here... 11:14

http://charts.dacharts.com/2007-06-18/JP ERL_012.png

<RONDOE> exit ER2 853. +.50 11:15

<NihabaAshi> Exited 1/2 ER2 Long @ 852.30 --> - 0.5

<Awash> Long ES @ 1546.50 11:16

<NihabaAshi> Exited ER2 Long @ 854.30 --> + 0.8 11:18

Holding 1 contract

<eminitrader> Shorts ES @ 1547.25

<les> Exited 1/2 ER2 Long @ 854 --> + 1 «« paper »» 11:19

<NihabaAshi> Exited Remainder ER2 Long @ 855.20 --> + 1.7 11:20

<eminitrader> Shorts ES @ 1548.25 -> Add 11:21

<les> exit stop raised ER2 @ 853.4 «« paper »» 11:23

<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) 11:25

<les> Exited Remainder ER2 Long @ 854.7 --> + 1.7 «« paper »» 11:26

<pat255> k guys back later thunderstorms in the area ,...ty all 11:30

<Awash> PA paused at 1548, but we haven't gone down much 11:34

<les> Shorts ER2 @ 854.8 «« paper »»

<Awash> interesting to see if we trade above it soon 11:35

<eminitrader> nq providing good support 11:37

if nq breks we might see a retest of lows 11:38

<les> same story on er2 em

<eminitrader> ym and es at solid res

k thx les

<Awash> k 11:39

<les> Shorts ER2 @ 855.2 -> Add «« paper »» 11:41

<Awash> Exited 1/2 ES Long @ 1548 --> + 1.5 11:42

Exited all ES Long @ 1548.25 --> + 1.75 11:46

<eminitrader> down move confirmed by pa..shld see if it is powerful enogh to test the lows 11:47

<Awash> i see 11:48

<eminitrader> nq being a pain..

<les> Covered 1/3 ER2 Short @ 854 --> + 1.2 «« paper »»

still some hefty support around here 11:49

cuts both ways as usual...

if it breaks down, it'll likely drop its pants all the way to near the LOD

<eminitrader> hope so :) 11:50

<les> yep, me too

looks like the same deal on all the eminis

<eminitrader> no follow thru so far :(

<les> well given the amount of support here i would expect it to hang around this area for a while yet 11:51

we got 50 & 200 ema and vwap close together on er2

<eminitrader> only goes to show mrkt is strong..which is screwy for the shorts 11:52

<les> maybe... but that one always can go either side

generall looking a little weaker

<eminitrader> higher probability of going higher 11:53

<RussellDaytrade> LODseems a bit far from here, all in one swoop, anyhow, seems more likely that buyer step in about here, ie, dip in an uptrend, etc

<les> agree rd 11:54

here's what the volumes look like on mkt delta:

http://www.carlin.karoo.net/Charts/pic1. png

<RussellDaytrade> I think er may be in a larger structure move, with possible higer prices yet in store, perhaps nears HOD

<eminitrader> volumes on the ES r ,isleading specially when near supp/res areas 11:55

<base> Trichet is speaking in Montreal at 12:00. 11:56

<les> http://www.carlin.karoo.net/Charts/pic3. png

there's the es mkt delat vilumes for u em

<eminitrader> 11:55:33] <eminitrader> volumes on the ES r misleading specially when near supp/res areas 11:57

<les> mkt delta, even

<RussellDaytrade> that said, there is a downtrend line developing that include all the highs from Fri, as well as both todays highs, and it is near there currently, may give it pause, or possibly turn it back down.

<eminitrader> at least for my way of trading...meaning for scalping 2-3 pts with tight stops 11:58

<les> whole picture looks like range noise to me 11:59

recent picture i mean

its on;ly gonna show us whats up after a break

<eminitrader> Home builders index at 1:00 today cld be a mover 12:00

<RussellDaytrade> I don't know how to read that chart you just linked Les, but if I did, I think it sez down!

<les> Covered 1/3 ER2 Short @ 853.6 --> + 1.2 «« paper »» 12:01

<eminitrader> Covered 1/2 ES Short @ 1547.25 --> + 1

<les> ur r so right rd

* Awash is now known as Awash_Lunch

<les> each data block is the total of all the buys minus all the sells at that price and time 12:02

<eminitrader> so does it show the imbablance ?

<les> look at the clours 12:03

the darker the clolour the more imbalance being generated

<eminitrader> what do we get from that data ?

<les> u can set the colours to whatever sensitivity u want

actual trades in realtime 12:04

<eminitrader> wk what do the colors tell us ?

<venedom> gm

<eminitrader> sorry ..got the answer

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<les> each block, or footprint is buy-sell at that point

thats called a delta

u can also set it to look at just volumes 12:05

interpretation is to do with total delta at each interval..

2min in my case

and by looking at the way the footprints darken and lighten in realtime 12:06

<RussellDaytrade> may have just got to where it wa going near 853, es holding better, larger structure may kick back in gear

<les> look at the 17:00 time interval...

u see how the footprints lighten as the price rises?

that suggests weak buying 12:07

<eminitrader> thx for explaining les...heard abt delta before ..but was not aware of the details

<les> the next 2 intervals show reddening at the base of the interval...

sellers coming in lower down, increasing down pressure

<RussellDaytrade> you referring to the number '7', in light shaded blue?

<les> 7 where? 12:08

16:56?

<RussellDaytrade> yes

<les> yep, thats an example, but also 17:00 is more signifiacnt

shows buyers trying to get higher and not attracting more buying business on the way, so the attempt fails 12:09

http://www.carlin.karoo.net/Charts/pic4. png

that shows the breakdown after that sideways movement 12:10

<eminitrader> but pa shows no brek down yet ... 12:11

<les> can u see that sideways movement rigt now on that chart...

darker blues near the top of that nearby trend

<eminitrader> does it not usually follow volume ? 12:12

<les> what do u mean?

i t IS volume being plotted, not price

its strange to get yr head round that at first when looking at this 12:13

<eminitrader> when the volume breks to downside then will it correlate to the index gping down ?

<les> of course..

but the vol patterns before can give directional clues

<eminitrader> thx what i reffering to ....volume breks to the down side but price is still holding 12:14

<les> i often use those footprints to enter trends

ah yes em, yr right

<eminitrader> k ..gotya ...whats the time lag usually'

<les> its realtime

what u referring to is price-vol divergence i think 12:15

<RussellDaytrade> you use that in tandem with anything that allows the abilitiy to forecast leels that price may trade to?

<eminitrader> no imean between the volume breaking to one side and the index follwing it

<RussellDaytrade> levels

<les> no idea...

i'm not that good at intepreting it :)

Covered Remainder ER2 Short @ 854.1 --> + 0.7 «« paper »» 12:16

late, sorry

<eminitrader> what i mean les is that u said vol broke to the downside...but the price on the index did not

<RussellDaytrade> I thought you may, since earlier today you mentioned a target expectation of 854.7, when it was rising earlier, etc

<eminitrader> so does this mean its a fake signal this time?

<les> em - i didnt real notice that at the time, so not sure about the lag effect 12:17

oic

<eminitrader> k ...thx though les

<les> maybe, but could also just have bottomed out by that point

the retrace here is not happening on large vols btw... 12:18

<eminitrader> :)) thats what i meant earlier when i said...............

<RussellDaytrade> does that volume histogram at the chartleft dispaly the entire days volume at each level, or only waht is currently being displayed and visible on the chart?

<les> suggests this upmove may not develop

* codehead_afk is now known as codehead

<les> lemme show u this...

<eminitrader> [11:57:29] <eminitrader> 11:55:33] <eminitrader> volumes on the ES r misleading specially when near supp/res areas

<les> damn.. 12:20

havikng upload problems

<RussellDaytrade> I think it must show all days volume up to the present bar, as I see prices both above and below the preice levels currently being displayed on the timefrmaes visible on chart 12:21

<les> thats right 12:22

the time intervals on my er2 footprint chart are 2mins... 12:23

u can easily compare that to a candle chart...

will follow it exactly...

but the numbers and colours r showing the volume behaviour

at those prices and times

<RussellDaytrade> Les, if you have time later, does that charting program have the ability to scroll back, it would be interesting to see the price and volume relationships leading into and oput of that bottom this am...perhaps you can post another chart that shows that... 12:24

I believe it may be a 'usual' charateristic, that can be anticipated to travel along its 'usual' pathways. :) 12:25

<les> ok, rd thats easy, but my upload program's giving me gyp right now 12:26

trying to fix it

<Littman> I'm go short on ES 12:27

<szubaark> ok, what Price?

<Littman> now

1546.00

<les> http://www.carlin.karoo.net/Charts/pic5. png 12:28

<Littman> sorry 1547.00

<les> thats the vol action right now

rd u want the whole da's action?

day's

<RussellDaytrade> no hurry, thx...predomiantely, I suspect, and expect, that the red aspect of the vol histogram will be 'oeverwhelming' (if that is perhaps slightly strongly worded) to the sellside, and buying to be a relatively small aspect of it... 12:29

how about from ther open to about 11:00est?

correction...from open to the time of actual bottom, approx 10:21 12:30

<les> difficlult to creat that on a 2min chart

<RussellDaytrade> whatevers close

<les> can show 4min from 10:22 up to now 12:31

that ok?

<RussellDaytrade> mostly, what I am inteested in, is being able to define...

sure..

thx

<les> ok just reload that last url i sent 12:32

http://www.carlin.karoo.net/Charts/pic5. png

hang on... 12:34

that wont show yet

<RussellDaytrade> ...areas that represent price extremes, and the releationships in volumes at those extremes, and how volumes may have the 'usual' characteristics of being 'overly' skewed' at or near those extremes... 12:36

a chart 'rollback' may show that very relationship occuring this am...my charting does not split buying aand selling volumes 12:37

<les> i know 12:40

just having trouble with upload

<Littman> well close my short -1 and go long 1548 12:41

<les> here it is RD 12:44

http://www.carlin.karoo.net/Charts/pic12 .png

i'd used up my website limit, so couldnt uplaod

<szubaark> Exited all Long ES at 1548.25 --> - 1.5 «« paper »»

Wrong..

<les> that chart spans 10:22 till 12:32 12:45

rd - i gotta take a break now 12:47

but check out their website...

<RussellDaytrade> thx Les

<les> www.marketdelta.com 12:48

yw

back later

* les is now known as lesAway

<Brutus> 1:00pm Housing Market Index (Home builder sentiment survey), it was the lowest reading since 1991. 13:08

reported at 28 versus exp for 29 previous month 30.

<ItalianSharp> mkts seem to ignore this report 13:09

<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) 13:28

<NihabaAshi> Long ER2 @ 853.00 -> small size 14:06

1 contract only

Exited ER2 Long @ 853.50 --> + 0.5 14:10

* Awash_Lunch is now known as Awash 14:15

<jperl> ER2 @ VWAP 854.11 14:22

so I'm stopping for the day.....

trades here.... 14:23

http://charts.dacharts.com/2007-06-18/JP ERL_013.png 14:24

I don't know what happened to me this morning....

I saw the market move against me and just sat there and looked at 14:25

* szubaark is now known as szubaark_away 14:41

<Awash> market looks tough to trade this afternoon 14:42

anyone trading this

<NihabaAshi> Just a little. 14:44

Not a lot to bite on.

<Awash> agree

lets see what PA is like during the last hour

for some reason I have a hard on to trade but i need to continue to sit on my hands and not trade in this narrow range 14:45

<Brutus> yields dropping 14:51

<RussellDaytrade> oil highs, new summer highs for nearby contract 14:52

<Brutus> imo tbulls may step in after 1500 14:58

<Awash> still watching

taking off early 15:03

good night all

* Awash is now known as Awash_away

* lesAway is now known as les 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) 15:34

<werner> gn all 16:07

<NihabaAshi> Take care all and see all tomorrow 16:19

* DisconnectedSession Close: Mon Jun 18 16:21:14 2007 16:21

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