#FuturesTrades trade log for traders - CBOT, CME, EUREX, EURONEXT, NYMEX, COMEX and FOREX

June Trade Log

Trade Strategies

WRB Analysis Tutorials

Music While Trading

Testimonials

Disclaimer

#FuturesTrades June 19th Tuesday 2007 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+11.30	+166.40	+1546.80
$1,130	$16,640	$154,680

click on image to view actual size

Current Performance Record

Charting Commodity Market Price Behavior

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)

WRB Analysis Tutorials (free and fee-based content to help improve your own strategies)

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.

Session Start: Tue Jun 19 09:27:46 2007Session Ident: #futurestrades

* Now talking in #futurestrades 09:27

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

<PapaJon> gm all 09:28

<intowin> gm

<pat255> gm all...looks like buy this drop..

<RussellDaytrade> I have a possible 846.93 downside 09:29

<venedom> gm again 09:31

<Awash> good morning all 09:32

<venedom> Shorts ER2 @ 850.7 09:33

Covered all ER2 Short @ 851.20 --> - 0.5 09:34

<base> gm all 09:35

<NihabaAshi> Shorts ER2 @ 851.00 -> large size 09:39

:(

Covered 2/3 ER2 Short @ 849.80 --> + 1.2 09:41

<pat255> good start niha .. 09:42

<eminitrader> Shorts ES @ 1443 09:44

<NihabaAshi> Covered ER2 Short @ 849.00 --> + 2 09:49

Holding 1 contract remainder

<eminitrader> Covered 1/2 ES Short @ 1541.50 --> - 98.5

repost 09:50

Shorts ES @ 1543

Covered 1/2 ES Short @ 1541.50 --> + 1.5

better now

<base> better :)

<eminitrader> :)

<NihabaAshi> exit stop lowered ER2 @ 849.80 09:51

I have some data problems... 09:52

When I close this position or if it produces another WRB pt level further down...

I'm going to log off and reboot my entire network. 09:53

<Brutus> any news items today?

<NihabaAshi> Will take about 8mins.

<eminitrader> Covered 1/3 ES Short @ 1541 --> + 2 09:54

<RussellDaytrade> I think that was it

<PapaJon> just earlier housing numbers

<NihabaAshi> Covered Remainder ER2 Short @ 848.70 --> + 2.3

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 with a money back guaranteed policy...click here.

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)

<Brutus> thx 09:55

<PapaJon> there is state street investor confidecne

in 5 mins

<NihabaAshi> My charts went dead...can't see anything...be back soon.

<Brutus> dax bounced of 8010 - pullback to prior BO 09:56

* DisconnectedSession Close: Tue Jun 19 09:56:46 2007

Session Start: Tue Jun 19 10:05:34 2007Session Ident: #futurestrades

* Now talking in #futurestrades 10:05

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

<intowin> shorts es 1542.50 1544 stop 10:06

<eminitrader> Covered ES Short @ 1542 --> + 1 10:08

Reverse and Enter Long ES @ 1542

<RussellDaytrade> I think it may have reached bottom prices, but it also feels like there isn't much of a bounce in store, ie, muted/less than normal, etc 10:10

<Awash> Long ES @ 1541.75 10:11

<RussellDaytrade> we have two days of overhead overhang, directly above 10:13

<eminitrader> Exited all ES Long @ 1541 --> - 1 10:14

<intowin> covered es @ 1541.25 + 1 +1.25 10:16

<eminitrader> Long ES @ 1541.75 10:17

<Awash> Long ES @ 1542 -> Add 10:18

<eminitrader> Exited 1/3 ES Long @ 1542.50 --> + 0.75 10:20

might see some easing of selling pressure if 1543.25 is taken out

<Awash> i'm watching that level 10:21

<RussellDaytrade> I think it is in upmode now, but it it going to have to work to get up there, no easy levitations 10:22

<eminitrader> yep maybe a couple of pionts tthere

<Awash> Exited 1/2 ES Long @ 1543.75 --> + 1.75

<intowin> Nice going guys 10:23

<eminitrader> Exited 1/3 ES Long @ 1543.50 --> + 1.75

<Awash> let's see if we close this gap

<pat255> vn guys ...geez caught between this chop.. 10:26

<eminitrader> stop @ b/e ...be back 10:28

<RussellDaytrade> all out on the long 10:31

<Awash> Exited all ES Long @ 1544.75 --> + 3

<intowin> Long yg 659.60 stop at 659 gold 10:32

<eminitrader> Exited ES Long @ 1545.25 --> + 3.5 10:34

Reverse and Enter Short ES @ 1545.25

<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)

<pat255> em killing the mkt both sides ..well done ..

<eminitrader> Shorts ES @ 1546.25 -> Add 10:35

thx pat 10:36

<Awash> pullback or reversal at Resistance (PDC area as R)? 10:45

any thoughts

<eminitrader> Shorts ES @ 1545.75 -> Add 10:46

res area here shld see a pullback at least till 1542-1544 10:47

<intowin> shorts es 1545.75 sorry late 10:48

<eminitrader> looks like this is the high for the day

ast least till the pm session

<Awash> k

<eminitrader> talking probabilities here A... 10:49

just replying to ur Q ...my thoghts :))

<Awash> exactly

good input

i'm looking to get long on a pullback 10:50

so far PA traded back to 1544.25

<eminitrader> like i said just probabilities based on where is mrkt is as of now

yep ..missed my target 1 by 1 tick :( 10:51

but solid res here...as per my charts

<Awash> agree

<pat255> ah ha now that em mantion charts ..wish he cud post 1-2 sometimes ... 10:52

<eminitrader> holding 20 shorts ...so it better work :)

<pat255> geez lord ...oh my em u have big cjones ..

<eminitrader> nice price area ...low risk high potential 10:54

avg 1545.75

<intowin> 44.25 first target E?

<eminitrader> yes itw for first lot

<venedom> Shorts ER2 @ 852.90 -> small size 10:57

<Awash> PA consolidating since 9:30 CST 10:59

<venedom> Covered all ER2 Short @ 852.30 --> + 0.6 11:02

<jperl> ER2 @ yesterday's VWAP, 852.49

<intowin> covered ES 1544.25 + 1.50 11:04

<eminitrader> chAnge in my tarhets 11:07

<intowin> np here I am happy with any profit. so far I am three for three stil holding gold 11:08

<eminitrader> Covered 1/2 ES Short @ 1543.75 --> + 2

will hold remaing for some time

<intowin> another plus ten possible for you E 11:09

<eminitrader> very much so ..itw ...lts wait and see if it unfolds

<jperl> done for the morning....trades here.... 11:28

http://charts.dacharts.com/2007-06-19/JP ERL_015.png

<eminitrader> Covered 1/3 ES Short @ 1543.25 --> + 2 11:29

holding 7 stop @ b/e 11:31

exit stop moved to breakeven ES @ 1545.75 11:32

<Awash> good trading

<eminitrader> thx A ..

<RussellDaytrade> just now hitting my down targets on the er at / near 849.87, :), (give or take an iota) 11:34

two minutes early, even

<jperl> ER2 @ VWAP 850.29 11:40

time for lunch

<eminitrader> Covered ES Short @ 1542.75 --> + 2.5 11:44

holding 2

<intowin> re-entered short 1544.25 ES 11:52

<NihabaAshi> Shorts ER2 @ 851.30 -> small size 11:54

intuition trade

Shorts ER2 @ 851.50 -> Add 11:59

total of 2 contracts now

<eminitrader> Covered Remainder ES Short @ 1545.75 --> - 0.5 12:00

<NihabaAshi> Covered all ER2 Short @ 852.00 --> - 1.2

<intowin> covered ES 1545.50 - 1.25 12:01

<eminitrader> solid bounce right from support area on the ES 12:02

<Awash> no turning back 12:03

<eminitrader> yep ...think i'm done for the day...s 12:04

<Awash> good job

<eminitrader> thx

<pat255> S trapped & moving it up.. 12:05

<NihabaAshi> Long ER2 @ 853.60 -> small size

Exited all ER2 Long @ 853.80 --> + 0.2 12:07

Shorts ER2 @ 853.50 -> small size 12:10

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

<NihabaAshi> Shorts ER2 @ 853.60 -> Add 12:13

2 contracts now

Covered ER2 Short @ 854.40 --> - 0.9 12:15

Reverse and Enter Long ER2 @ 854.40

Covered ER2 Short @ 853.90 --> + 0.5 12:17

Reverse and Enter Long ER2 @ 853.90

<intowin> sold yg 663.0 +3.40 12:18

<NihabaAshi> Ooops...

I'm Short @ 853.90 and I took a loss of -0.5 on the Long

Shorts ER2 @ 853.90 -> small size 12:19

Shorts ER2 @ 853.90 -> Add 12:20

large size short

* codehead_afk is now known as codehead 12:27

<NihabaAshi> Covered all ER2 Short @ 853.30 --> + 0.6 and +0.6 12:29

<NihabaAshi_away> Caught a WRB pt1 exit on that Short to clean up the prior losses. 12:37

* NihabaAshi was kicked by NihabaAshi_away (NihabaAshi)

<NihabaAshi_away> Got some connection problems on IRC

<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) 12:46

<RussellDaytrade> just fulfilled my larger structure up target 12:54

may be emerging above the downtrendline I noted yesterday 12:55

possible 852.3 on a dnleg 13:01

<intowin> short es 1548 13:29

covered es 1546.75 +1.25 13:36

<eminitrader> Long ES @ 1546.76

2 only

Long ES @ 1546.75

missed t1 by 1 tick again :( 13:43

exit stop raised ES @ 1546.25 13:49

Exited all ES Long @ 1546.25 :(( --> + 1546.25 :(( - 1546.75 13:54

Long ES @ 1546.50 14:01

2 only 14:02

<intowin> think we topped out today 14:04

<eminitrader> Exited all ES Long @ 1545.25 --> - 1.25

<RussellDaytrade> closed 3/4 of short...852.9 was and is my target on this move, with a minute remaining! close enuf! 14:09

I htink it has embarked on a larger structure dnleg, that may carry it further down, given more time 14:10

glad I took most of it off! 14:11

<Awash> Emini, got time for a question? 14:12

<eminitrader> go ahead A

<RussellDaytrade> I will be posting in invisible ink for a while

<eminitrader> :)) 14:13

<Awash> you wrote this earlier, "[11:03] <eminitrader> solid bounce right from support area on the ES" how did you determine this area 1542.75 as Support when the LOD was at 1540.50 area?

<eminitrader> u refering to this post [10:47:41] <eminitrader> res area here shld see a pullback at least till 1542-1544 14:15

<Awash> yes

WRB Analysis

Learn More

<venedom> Shorts ER2 @ 855

<eminitrader> that was the supparea for that upswing we saw make new highs

<Awash> that was a 2 point range, do you look at previous reaction highs and breakout areas for support? 14:16

i'll post a chart

<eminitrader> yes for confirmation only that area was basically a cluster of

<RussellDaytrade> EM, what software program you use for charting? does it auto-calculate your fib targets, or do you manually impose them onto the charts?

<eminitrader> no program RD ...just tradestation which is my trading platform 14:17

<Awash> http://www.elitetrader.com/vb/attachment .php?s=&postid=1505245

<eminitrader> yes RD i set it up to calculate the fibs 14:18

<RussellDaytrade> so you drag n drop fibs that calculate off of price points, etc

<eminitrader> just the highs/lows from where i want them

pretty much rd 14:19

<RussellDaytrade> the er may now be setting up to re-establish into a lower target

<eminitrader> price pionts r a better term :)

<RussellDaytrade> same dif, as they are generally highs and lows 14:20

my targets are in the 851.5 area, so not much downside, realtively, if it achieves it 14:21

<venedom> Covered all ER2 Short @ 854 --> + 1

<eminitrader> nice one A - thats basically a template of my mrkt flow...

<jperl> ER2 peak volume now 855.00, VWAP @ 851.83

<Awash> cool

i also look at 5min along side

with Volume on 5 minute chart 14:22

<eminitrader> i look @ 1.5,15.30.60 ...but just for confirmation of critical price pionts 14:23

my set-ups are triggered on the 3 min

<Awash> k

i use to get whacked on the 3 min

<eminitrader> use the 1 min for trailing stops ...but kinda limited

<venedom> Long ER2 @ 854 14:25

<Awash> what's you all opinion about the big picture of ES PA currently, we've failed to set a new high on the daily above May's high of 1558

?

<neo> hello everyone - a little q : is someone getting long on ES near 1545 ? 14:26

* NihabaAshi_away is now known as NihabaAshi

<Awash> every attempt higher we sell off 14:27

like yesterday

and today at 1551

i use the daily chart to gauge overall direction and use this to concentrate most of my positions whether long or short based on bullish or bearish conditions 14:28

<eminitrader> my read : key # is around 1555 that corelates to around 1540 on the SPif that breks i wld expect a brekout to new highs before any significant pullbeck/correction 14:29

<venedom> Exited all ER2 Long @ 854 --> 0 14:30

<eminitrader> neo - mrkt flow is now showing a higher probability of testing the low 14:31

<neo> ok thanks

<eminitrader> so long @ this level are a low probabbility trade ...see my earlier entirs and exits

<Awash> do you consider the last pullback near the 1500 on ESU7 a weak advance considering the volume was low?

<RussellDaytrade> that er is sticky today 14:32

<eminitrader> k there we go as i was typing

i dont look @ volume A ..not on the indices

<neo> i just connected so i can't read the mess of the morning - (or i don't know how to do it) 14:33

<Awash> k

<RussellDaytrade> feels like its running outta downside thrust, though visually, it looks lower, like its going in slo-mo...sticky, darned thing 14:38

<NihabaAshi> Long ER2 @ 853.80 -> small size 14:40

<eminitrader> looks like a long scalp @ around 1444.25 with atight stop may just abt work 14:45

<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) 14:46

<NihabaAshi> Long ER2 @ 853.50 -> Add 14:52

Exited 1/2 ER2 Long @ 854.00 --> + 0.5 14:54

Exited Remainder ER2 Long @ 854.20 --> + 0.4 14:55

<eminitrader> looks like we missed the entry by 2 ticks :(

see u all tomorow 14:58

<Awash> later

<intowin> I am outta here also cu

<eminitrader> later guys 14:59

<ItalianSharp> later emini, intowin

<RussellDaytrade> cu

<jperl> done for the day....P/L here.... 15:14

http://charts.dacharts.com/2007-06-19/JP ERL_016.png

<NihabaAshi> Shorts ER2 @ 854.90 -> small size 15:26

Shorts ER2 @ 855.30 -> Add 15:28

Always tough to trade after 3:30pm est 15:33

Freaky stuff happens :) 15:34

That was almost a WRB pt1 (shallow one) :( 15:35

<ItalianSharp> yep, tough indeed 15:36

yesterday i traded until 4.15pm sharp...it wasnt nice

<NihabaAshi> My performance after 3:30pm est usually sucks...

<ItalianSharp> lots of noise, lots of traders needing to close positions...bad fills...tough trading indeed 15:37

<NihabaAshi> Need to find something that consistently works in it with all the choppy price action.

Covered ER2 Short @ 856.50 --> - 1.6 15:38

Reverse and Enter Long ER2 @ 856.50

Exited all ER2 Long @ 857.00 --> + 0.5 15:40

Still a rodeo ride. 15:41

<neo> hmm ES really rebounced from 1545 area.. 15:43

<NihabaAshi> Long ER2 @ 856.90 -> small size 15:45

Exited all ER2 Long @ 857.20 --> + 0.3 15:47

Take care all and see all tomorrow. 16:09

* NihabaAshi is now known as NihabaAshi_away

* DisconnectedSession Close: Tue Jun 19 16:33:58 2007 16:33

Sponsor:
Skype

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 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

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.