#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 21st Thursday 2007 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+2.10	+176.90	+1557.30
$210	$17,690	$155,730

click on image to view actual size

Current Performance Record

Japanese Candlestick Charting Techniques

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: Thu Jun 21 09:16:58 2007Session Ident: #futurestrades

* Now talking in #futurestrades 09:16

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

<venedom> gm 09:19

<jperl> Those of you who trade the Russell 2000 (ER2) should be aware of the following announcement from ICE... 09:22

https://www.theice.com/showpr.jhtml?id=6 574

ICE has obtained exclusive rights to the Russel Futures contracts... 09:23

<RussellDaytrade> cme will continue to trade it thru fall 2008 09:24

<jperl> but when and how trading will begin there is not known

only if the liquidity remains there RD

<PapaJon> gm all

<RussellDaytrade> I called ICE yesterday, the guy I spoke with didn't know much more tehn was in the press release 09:25

* PapaJon is now known as Papa_awaytoday

<NihabaAshi> I think the only thing that will change with the Russell will be the fees.

Price action will remain the same including the liquidity.

Especially since the news release is now and the change will occur fall of next year. 09:26

<RussellDaytrade> here is the number to Kelly Loeffler, VP of IR...770 857 4726, he said she knows more, I have not called yet

<base> gm all

<RussellDaytrade> CME is not about to reliquish anything willingly, they will make ICE biuld their own clientele in the ER..as such, they will keep er strong and retain trading in it, that trades thru CME as long as possible, me thinks 09:28

<NihabaAshi> When the kids are older, I'm doing more size (3x more in comparison to know)... 09:29

I'll consider getting a "seat". 09:30

Shorts ER2 @ 840.00 -> medium size 09:38

I'm looking for a WRB pt target around 838.40

<venedom> wrb? means 09:39

<NihabaAshi> Covered 2/3 ER2 Short @ 838.00 --> + 2 09:41

<venedom> n1 09:42

<NihabaAshi> venedom...basic info about WRB is at http://www.thestrategylab.com/WRBAnalysi s.htm

<venedom> ok ty I still dont get tha american short names for evetithing ty anyway 09:43

<NihabaAshi> Covered ER2 Short @ 836.90 --> + 3.1 09:44

Holding 1 contract

<neo> damn no chance to short 09:45

<intowin> verynice

<eminitrader> Long ES @ 1523.35 09:47

Long ES @ 1523.25

<NihabaAshi> I missed my chance at a trend day position yesterday... 09:48

Hopefully there's some continuation today for another possible trend day.

<ItalianSharp> we got news in 10mins 09:49

mkts may take a breathing until 10am 09:50

<NihabaAshi> Yep...the 10am est Leading Indicators.

Than there's the 1030am est EIA Natural GAS report

<ItalianSharp> and then we got PHILLY FED at 12pm 09:51

<NihabaAshi> Than the last key market event of the day is the infamous 12noon est Philly FED Survey

<RussellDaytrade> my work suggests it will rise to near 839.86, in a very rapid fashoin. :), as in about ten minutes 09:52

<NihabaAshi> The 10am and 12noon should be market movers...

In fact, ER2 is bouncing upwards against my position in the early volatility for the 10am est Leading Indicators report :(

<eminitrader> Exited 1/3 ES Long @ 1524.25 --> + 1 09:53

<Awash> morning all

<eminitrader> Exited Remainder ES Long @ 1523.25 --> 0 09:56

Long ES @ 1522 09:57

<ItalianSharp> wow, looks like some early info must have leaked out...

or is it just stop running ahead of the news???

<eminitrader> Exited all ES Long @ 1521 --> - 1 09:58

<NihabaAshi> Shorts ER2 @ 836.10 -> Add

<venedom> report

<ItalianSharp> this is unfair...these pundits knew the report 5mins before the release...you rarely see mkts taking off this early 09:59

<neo> damn already 10 pts down and no nice entry point for shorting 10:00

<Awash> morning all

neo, did you try and short when we broke down below PDL?

<neo> hmm sorry i don't undestand PDL - i was just watching 1528 and waiting for 1532 but dow crash so fast 10:01

<Awash> PDL 10:02

<eminitrader> Long ES @ 1519.75

<NihabaAshi> Shorts ER2 @ 836.30 -> Add

<Awash> PDL = Prior day low

<neo> ok thx

well at 1528 dow hitted my MA half day and crashed instantly - no enought time to short 10:03

<eminitrader> Exited all ES Long @ 1518.75 --> - 1

<NihabaAshi> Covered 1/3 ER2 Short @ 835.00 --> + 1.3

<eminitrader> Long ES @ 1519.25 10:04

<NihabaAshi> Covered 1/3 ER2 Short @ 836.00 --> + 4

That's incorrect...its only a +0.10 on that contract.

I'm still holding 1 contract remainder from the 840.00 Short entry 10:05

WRB Analysis

Learn More

<eminitrader> Exited 1/2 ES Long @ 1521.25 --> + 2 10:06

<neo> EM its a hard time for ct scalper this morning :) 10:08

<eminitrader> very true....

<RussellDaytrade> I'm doing great, buying into it, and selling when it rises, having a great day thus far, though I did give vback some, (glad I took most of it off!) 10:09

looks up

<jperl> ER2 @ VWAP 837.70 10:10

<eminitrader> Exited 1/3 ES Long @ 1522.25 --> + 3 10:11

<jperl> I don't trade near VWAP....

so here are this mornings trades...

http://charts.dacharts.com/2007-06-21/JP ERL_0111.png

<Awash> Shorts ES @ 1522 10:12

<RussellDaytrade> I now have 839.73 on a nearby move, (the one were in now), and 842.95 on larger swing, hopefully it does not throw egg at me again 10:13

if this gets rippin, that first target may be exceeded easily, and the second may get achieved in relatively rapid fashion also. 10:16

bingo on the first

<NihabaAshi> Covered Remainder ER2 Short @ 839.70 --> + 0.3

Punks :(

<eminitrader> Exited ES Long @ 1526 --> + 6.75 10:17

Reverse and Enter Short ES @ 1526

<Awash> Shorts ES @ 1526.25 -> Add 10:18

<RussellDaytrade> flat

<ItalianSharp> wow, nice counterthrust 10:19

<eminitrader> Shorts ES @ 1528.25 -> Add

<NihabaAshi> ER2 back at the GAP fill price. 10:20

<Awash> ES blasted off lows

<eminitrader> Covered 1/2 ES Short @ 1526.25 --> + 2 10:21

<NihabaAshi> I'm now reducing my position size down to 1 contract only until the 12noon Philly FED Survey 10:22

<eminitrader> was only partial fill

k got it

Shorts ES @ 1529 -> Add 10:23

<Awash> Shorts ES @ 1529 -> Add 10:24

<eminitrader> holding 15

<ItalianSharp> wow emini, you definitely have a bearish bias today...lol 10:25

<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)

<eminitrader> Covered all ES Short @ 1529.50 --> - 4

<werner> v shape on ym

<jperl> ER2 monthly VWAP touched 843.18 10:26

<ItalianSharp> jees...we rarely see this V-shaped turnarounds

<RussellDaytrade> ah yes, I like it when a plan comes together. :)

<ItalianSharp> i am wondering what sparked this upthrust

<jperl> Weekly VWAP is at 847.22 10:27

<eminitrader> key supp 1505 on the SP ...prolly lot of short covering/buyers

on the ES

Shorts ES @ 1529 10:28

10

Shorts ES @ 1528.50 -> Add 10:31

holding 20

Covered 1/2 ES Short @ 1527 --> + 1.5 10:32

Covered 1/4 ES Short @ 1525.50 --> + 3.5 10:34

holding 5

<ItalianSharp> nice emini, hammer this bitch...lol 10:36

<eminitrader> :)

<Awash> :)

<ItalianSharp> sorry for the word, but it came out so naturally that i couldn't help posting it...:)

<NihabaAshi> Shorts ER2 @ 840.00 -> small size 10:37

Late entry...should have been short around 840.40

<ItalianSharp> volatility has picked up nicely today...prices moving really fast...lots of action in the markets 10:38

<NihabaAshi> Will treat my profit target as if I did get that entry.

<jperl> peak volume ER2 now moved to 840.80

<NihabaAshi> Thus, I'm not looking for much on this trade.

Covered ER2 Short @ 840.60 --> - 0.6 10:40

<eminitrader> be back ...

<NihabaAshi> Shorts ER2 @ 840.40 -> small size 10:43

<eminitrader> Covered Remainder ES Short @ 1528.50 --> + 0.5 10:46

late post

<NihabaAshi> Covered ER2 Short @ 840.20 --> + 0.2

Long ER2 @ 840.60 -> small size 10:47

<Awash> Shorts ES @ 1529.50 -> Add

<eminitrader> Shorts ES @ 1529.50 10:48

Covered 1/2 ES Short @ 1528 --> + 1.5 10:49

<NihabaAshi> Exited ER2 Long @ 840.70 --> + 0.1

Had a great entry on that Long...couldn't handle the retrace.

<eminitrader> Shorts ES @ 1529.50 -> Add 10:50

<NihabaAshi> Long ER2 @ 842.00 -> small size

<intowin> long er 842.10 10:51

<eminitrader> Shorts ES @ 1530 -> Add

<NihabaAshi> Exited ER2 Long @ 842.10 --> + 0.1

Geesh :(

My trailing stops are easy pickings :( 10:52

<eminitrader> Shorts ES @ 1531.50 -> Add

<NihabaAshi> Won't cry over profits left on the table especially since I'm already up big for the day. 10:53

<eminitrader> holding 20

<NihabaAshi> Going to take a break from trading considering my last 3 trades should have produce some decent profits and I had great entries on the last two trades. 10:54

<jperl> Next VWAP on the upside is at 846.50

<eminitrader> Covered all ES Short @ 1532.25 --> - 3.5 10:55

Shorts ES @ 1531.50 10:58

20

Covered all ES Short @ 1532 --> - 0.5 11:00

Shorts ES @ 1532.50 11:01

<venedom> Shorts ER2 @ 843.50 11:08

<eminitrader> Covered 2/3 ES Short @ 1529.50 --> + 3 11:09

holding 8 11:10

<venedom> Covered all ER2 Short @ 842.50 --> + 1 11:11

<jperl> ER2 sitting on the monthly VWAP 843.10 11:13

<eminitrader> Covered ES Short @ 1529 --> + 3.5 11:14

holding 3

nice swings today ...daytraders dream...i'm sure many have made some moolah today 11:17

Covered ES Short @ 1530.50 --> + 2 11:21

Reverse and Enter Long ES @ 1530.50

<RussellDaytrade> very nice trading day indeed.

<eminitrader> large lot trading day 11:22

at least for me 11:23

this trade 10

<RussellDaytrade> yeah, I recall you noting that dynamic, a few days back, good point

<eminitrader> Exited ES Long @ 1530 --> - 0.5 11:24

Reverse and Enter Short ES @ 1530

20 now

<RussellDaytrade> I don't know if it'll manifest, but I have a possible 838.99 on the er, and estimate it may coincide with 10:05 or so, mnt 11:26

<eminitrader> Covered 2/3 ES Short @ 1529.50 --> + 0.5

Covered ES Short @ 1529 --> + 1 11:27

holding 5

<intowin> sold er 842.30 +.1 tried to hold for a swing now neutral 11:30

<eminitrader> Covered ES Short @ 1528.50 --> + 1.5 11:31

holding 3

be back stop @ b/e 11:32

Covered ES Short @ 1526 --> + 4 11:40

holding 2 11:41

<Awash> nice

<eminitrader> thx A ..u still holding the short

<Awash> unfortunately, yes

watching this level here (1525.50)

<eminitrader> shld brek 1524 ..for a probability to test lows 11:42

<Awash> anticipating that 11:43

<eminitrader> whats ur avg entry ?

<Awash> 1527

<eminitrader> k ..not too bad

<Awash> not bad, but this is poor trading on my part

<eminitrader> yep thats a large large stop u have 11:44

one of my trades ---can always renter on a trade gone bad...re-entry is just a commision away 11:45

trading rules

<ItalianSharp> it's either the PHILLY FED report creating some confusion, or the bulls are gaining some strenght...down moves haven't been very strong since 10.30am 11:46

<intowin> long er 839.80 39.50 stop low risk to downside

<Awash> Emini, i totally agree, this is just poor trading on my part, good thing is it doesn't happen often

<eminitrader> as long as u dont fall in love with ur entry :)) 11:47

cld be a bad and costly habit :)

<Awash> agree

i have my bucket by my desk 11:48

:(

<eminitrader> can expect a bounce off this price area..

hope the momemtum does not get to my stop

<ItalianSharp> oil tanking ahead of the report 11:49

iraq to issue tender to sell 3 million barrels of kirkurk crude from nothern fields in coming days

this is why oil is dropping

<NihabaAshi> Thanks ItalianSharp 11:50

<eminitrader> where do u get all this info from IS ...good to keep this in the back of the mind 11:52

<ItalianSharp> there is a room in mIRC called #newsroom...les told me about it 11:53

<RussellDaytrade> right on time, actually, a little early, but not surprising today

<intowin> stop hit -.30

<ItalianSharp> all sorts of news pop out of there...i just keep the window open and when something happens without any reports being involved, i look it up

<eminitrader> k thx 11:54

<NihabaAshi> Shorts ER2 @ 839.10 -> small size

<RussellDaytrade> Nice work RD, very nice 11:55

thx

<NihabaAshi> Covered ER2 Short @ 839.60 --> - 0.5 11:58

Reverse and Enter Long ER2 @ 839.60

<Brutus> 12:00 Philly Fed?

<pdays> yup

<eminitrader> bounce right from supp 1524 on es ...hope its a fade 11:59

<NihabaAshi> Exited ER2 Long @ 841.50 --> + 1.9 12:01

<RussellDaytrade> I got new highs coming 12:03

<Awash> if we're going to retest the LOD, we need to trade below 1525 convincingly 12:15

<intowin> short er 840.10

<NihabaAshi> Sneaky drop :( 12:16

Didn't get a chance to short it

<Awash> seems as if each time price tests my 50sMA on 5 minute chart more sellers step in

<NihabaAshi> Shorts ER2 @ 839.40 -> medium size 12:20

:( 12:21

Covered ER2 Short @ 840.00 --> - 0.6

Reverse and Enter Long ER2 @ 840.00

<Brutus> ES bounced of 0.61 retrace 12:22

<NihabaAshi> Long ER2 @ 839.60 -> Add 12:24

I just saw a candlestick pattern change after completing it's pattern 2mins ago...

Must be data stalls via my ISP :(

Exited 1/3 ER2 Long @ 840.50 --> + 0.9 12:25

<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) 12:28

<NihabaAshi> I've got burnt on some earlier trades when I went to a +1 tick trailing stop to only see it quickly pick pocketed and then go back upwards.

Thus, time I decided not to go to a +1 tick profit and take a "wait and see" approach until profit target (WRB) is reached. 12:29

Exited Remainder ER2 Long @ 840.10 --> + 0.1 12:30

<Littman> somebody uses the $VIX? 12:31

<NihabaAshi> I do

It's been range bound since 1030am est 12:32

That's keeping my overall position size low.

<Littman> ok thx 12:34

* codehead_afk is now known as codehead 12:36

<venedom> cu later 12:37

<RussellDaytrade> best day I have had in a while, up 3000 net, by 8:30, and I was not trading all that well

<Awash> good deal

it always makes you feel good when you bank points 12:38

<RussellDaytrade> reasonably satisfied with my continuing progress, all the same

<intowin> covered er 841.50 -1.4 12:43

<RussellDaytrade> may race in here to new high 12:44

<NihabaAshi> Shorts ER2 @ 841.80 -> small size

<RussellDaytrade> its got about 5 minutes left to get there, by my count 12:45

<NihabaAshi> It's trying to shake me out within this key s/r zone 12:46

<eminitrader> Shorts ES @ 1528.75 -> Add

<NihabaAshi> Shorts ER2 @ 842.00 -> Add 12:47

<eminitrader> HPLDING 5

<Awash> i'm back

Covered all ES Short @ 1526.75 --> - 2

Exit 1 short from 1522, - 4.75 12:48

Exit 1 Short from 1526, - 0.75

Exit 1 Short from 1528.75, + 2 12:50

<NihabaAshi> Covered 1/2 ER2 Short @ 841.90 --> + 0.1

:(

<Awash> Exit 1 Short from 1529.50, + 2.75

<intowin> have to run bb tommorow 12:52

<NihabaAshi> I feel the frustration setting in via not getting my WRB pt1 and only getting +0.1 to show for the effort.

Will take another break from trading.

Covered Remainder ER2 Short @ 841.70 --> + 0.1

Be back later 12:53

* NihabaAshi is now known as NihabaAshi_away

<eminitrader> Covered 2/3 ES Short @ 1526.50 --> + 2.25 12:54

holding 2 12:55

Covered Remainder ES Short @ 1530.25 --> - 0.25 13:07

<RussellDaytrade> lookin good 13:17

<jperl> ER2 approaching yesterdays VWAP for the second time today 845.44 13:19

http://charts.dacharts.com/2007-06-21/JP ERL_0112.png 13:20

<Littman> is time to go short on ES 13:21

<RussellDaytrade> 845.72 satisfies my target on this move 13:23

<eminitrader> wld be careful with shorting now .. i wld go long only trend is changed to long

my reference is to the ES only

<jperl> also true for ER2....VWAP has crossed over the PeaK Volume Price 13:24

<Awash> we're at HOD for ES, some small selling here as we pullback off of 1533.25

<RussellDaytrade> eh, prob close enuf, nbd

<eminitrader> that pullback is what u shld be looking for a long entry..

again just my read of the flow...cld be totally wrong ....have been wrong many times before L)) 13:25

<Littman> thx e 13:26

<eminitrader> urw

<Awash> HL are visible on ES, but i'll keep watching

<eminitrader> HL ? 13:27

<Awash> higher lows

<RussellDaytrade> One Adam 12, One Adam 12, we have a possible 842.15 in progress, suspect heading fro 11:52 rendevous point, please approach with caution, suspect armed and dangerous

<eminitrader> :(( looks like its moving w/o us 13:30

<Awash> b/o to new high

<eminitrader> coming to think of it ..if i had held my buy @ 1519.25 ..possible 20 pts .. 13:32

would have/could have/ should have time ...:))

<jperl> ER2 having a difficult time getting through weekly VWAP.... 13:33

2 attempts last 10 minutues failed 13:34

<eminitrader> will prolly brek it the 3rd time around

<jperl> sorry....meant yesterday's VWAP

here we go for another try 13:35

<eminitrader> time for a brek ...buy limit in see u all in a while

<Littman> go short 1534 13:39

<jperl> backs off again from the VWAP 13:41

* NihabaAshi_away is now known as NihabaAshi

<RussellDaytrade> close enuf 13:42

<jperl> ok it's through it.... 13:43

now let see it hold 13:44

not much conviction on that breakthrough 13:47

<RussellDaytrade> trying a little short in here, hopefully, this doesn't go on a moonshot. :)

<eminitrader> Shorts ES @ 1536

thats a 40% retrace from yest move ...shld see some action now

<RussellDaytrade> I got 843.20 nearby and 840.5 area on larger structire downleg 13:52

<jperl> still no conviction above that 845.41 VWAP

This is why I don't trade at VWAPS 13:53

<eminitrader> Covered all ES Short @ 1536 --> 0 13:58

Shorts ES @ 1536.50 14:00

stop @ 1537 ...if that breks ..next shorting area 1539-1541 14:01

Covered 2/3 ES Short @ 1534.50 --> + 2 14:03

holding 3 14:04

1533.50 and i sld see 5 k in the bank...

<RussellDaytrade> looks promising for lwer prices in here, at least a couple bucks er, etc 14:05

<eminitrader> yep in the ES too 14:06

<RussellDaytrade> my works now suggests 842 araes on a larger structure move down 14:07

adjusted up slightly to offset higher price achieved on upleg

flat, picked up another little bit 14:12

<jperl> every little bit helps

<RussellDaytrade> it just about time for breakfast for me, at 12;12

<eminitrader> Covered ES Short @ 1534.50 --> + 2 14:26

Reverse and Enter Long ES @ 1534.50

Long ES @ 1533.50 -> Add 14:29

holding 5 now

<RussellDaytrade> it may just be slow in arriving, (a downleg) , relative to earleire today...those swift moves create a sense that all subsequent moves will occur in like fashion, when in fact, the rates of declines have already begumn to take a slower tack, each one slower thanthe one before, etc...carry on.

<eminitrader> Exited all ES Long @ 1533 --> - 2 14:31

:( 14:32

-1 on 5

<RussellDaytrade> http://biz.yahoo.com/ap/070621/wto_trade _talks.html?.v=12 14:33

here's an example of a news item that is not yet reciving wide circulation, that may help lower prices when it is played up a bit 14:34

<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)

<eminitrader> Shorts ES @ 1533 14:37

3 only

Covered all ES Short @ 1531 --> + 2 14:39

<RussellDaytrade> very nice...ma's have turned down, may help carry it furhter, after this apparent retest...er hit my nearby target, another push may fulfill larger stucture target 14:42

<eminitrader> Long ES @ 1531.75 14:43

5 lot

Exited all ES Long @ 1531.25 --> - 0.5 14:45

Long ES @ 1530.75 14:46

10 lot

<jperl> Have to stop for the rest of the day.....others things to take care of.... 14:48

Here's my P/L for today.... 14:49

<Awash> this PA looks bearish

<jperl> http://charts.dacharts.com/2007-06-21/JP ERL_0113.png

<eminitrader> Long ES @ 1530 -> Add

15 now

Exited 2/3 ES Long @ 1532.75 --> + 2.75 14:52

holding 5

<Awash> Shorts ES @ 1532.50

<eminitrader> Exited Remainder ES Long @ 1532.25 --> + 1.5 14:53

done for the day ...

<RussellDaytrade> are we there yet? :) you were going at it with a vengeance! 14:54

<Awash> good come back from earlier this morning

<eminitrader> yep there and more ..looks like i kinda covered my commisions too on the last one :))

thx A 14:55

<RussellDaytrade> brokers are gonna put out a most wanted poster on you, (kinda like the casinos do for card-counters)

<eminitrader> lol 14:56

<Awash> :)

<eminitrader> no they wld'nt ...this wk was alobster dinners for them from me ....so they wld't dare complain :))

<RussellDaytrade> no doubt 14:57

<eminitrader> dont mind it though ...had a very good wk so far

<RussellDaytrade> your christmas card is on its way

<eminitrader> :) 14:58

<RussellDaytrade> what an action-packed day, and still over an hour remaining, two for the price of one.

<eminitrader> ytrue rd ...last two days have been very tiring...has'nt been like that in quite a while.. 14:59

guess its good in the sense that mrkt is providing so many opportunities to cash out on it...grab it while its going ...wonder how long it will last 15:00

<RussellDaytrade> if its gonna make a run at that larger structure down, this seems abou the point to either/or it... if it does, it may accelerate a bit into it, relative to the leg from 1200-1240 15:02

<Awash> Covered all ES Short @ 1533.50 --> - 1

<RussellDaytrade> feels like its gathering itself for more up

<eminitrader> will prolly chop around here the eat res on prior supp of SP @ 1522 ...dont think there is much beyond that 15:05

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)

<NihabaAshi> Shorts ER2 @ 844.50 -> small size 15:10

Shorts ER2 @ 844.00 -> Add

Trade managment error via adding at a WRB pt1 :( 15:11

Covered 1/3 ER2 Short @ 843.90 --> + 0.1 15:13

Got rid of the contract that increased my risk on the trade. 15:14

Covered ER2 Short @ 845.10 --> - 0.6 15:16

Reverse and Enter Long ER2 @ 845.10

Exited ER2 Long @ 844.60 --> - 0.5 15:22

Reverse and Enter Short ER2 @ 844.60

Shorts ER2 @ 844.80 -> Add 15:23

Shorts ER2 @ 845.10 -> Add 15:25

total of 4 contracts (small size)

Covered all ER2 Short @ 845.60 --> - 1.5 15:31

Shorts ER2 @ 845.50 -> large size 15:33

Oil still rising upwareds :( 15:38

Covered all ER2 Short @ 846.20 --> - 0.7 15:39

Long ER2 @ 846.40 -> large size 15:40

Today I've been having problems holding on to my profitable trades... 15:41

I will adjust my trailing stop a little later than what I normally do to give this Long position some room to breadth.

:( 15:42

Exited all ER2 Long @ 846.60 --> + 0.2 15:45

Looks like Oil ran out of GAS :(

Shorts ER2 @ 846.20 -> large size 15:46

Geesh :( 15:50

<werner> gn all 15:52

<NihabaAshi> I'm obviously getting no where in this trade... 16:02

Looking to dump it.

Covered all ER2 Short @ 846.80 --> - 0.6 16:04

Long ER2 @ 847.30 -> large size 16:06

<RussellDaytrade> follow-thru volatility that increases the range is disimialr enuf this afternoon relative to the am sessions, where your customary style of trading works well. 16:09

<NihabaAshi> Exited all ER2 Long @ 847.20 --> - 0.1 16:14

Nobody wanted me at 847.50 :) 16:15

<RussellDaytrade> you gave it a good shot, volaitly really settled down towards the days end 16:16

<NihabaAshi> 10 winners and 9 losers...most of the losers are this afternoon.

Enough profits today to buy Sushi :)

Will change my trading habits for the afternoon trading session via "not taking a long break" during the key price action so that I don't feel a little foreign to the price action when I return. 16:17

<RussellDaytrade> had me some coper river salmon last night, first time in a year...mmmm good

<NihabaAshi> Simply, if I'm going to trade the late afternoons...

I need to trade through the key price action to keep the feel for the price action. 16:18

<ItalianSharp> very true niha

it's like a basketball players stepping out of the court for a visit to the toilet... 16:19

when he comes back, the game may be a bit different than when he left...:)

<NihabaAshi> I normally don't trade late but I want to and need to find that little routine about it.

Yet, trading through for the entire trading day is exhausting for me.

That much screen time is a tough. 16:20

<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) 16:37

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.

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

DAX FTSE-100 CAC-40 EC ER2 ES NQ YM QQQQ SPY IWM DIA CL QM NG OIH XLE GC GLD ZN ZB ZF BUND EurUsd UsdCdn

Home

Trade Strategies

Trading Manual

Testimonials