#FuturesTrades June 27th Wednesday 2007 Trade Log

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: Wed Jun 27 09:30:00 2007Session Ident: #futurestrades
* Now	talking in #futurestrades	09:30
<X>	[NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<Awash>	good morning all
<szubaark>	gm
<pat255>	gm ..	09:31
<venedom>	gm	09:32
<NihabaAshi>	Long ER2 @ 827.80 -> small size	09:39
	3 contracts only and I missed a discounted entry around 826.70
<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)	09:44
<NihabaAshi>	Exited all ER2 Long @ 827.70 --> - 0.1
<eminitrader>	Long ES @ 1496.75	09:45
<NihabaAshi>	Long ER2 @ 827.40 -> medium size	09:46
<werner>	gm all
<eminitrader>	Exited 1/3 ES Long @ 1497.75 --> + 1	09:47
<NihabaAshi>	:(	09:48
	Chop so far
<eminitrader>	exit stop raised ES @ 1496.25
<NihabaAshi>	Looking to dump this position.
<eminitrader>	Exited 1/3 ES Long @ 1498.25 --> + 1.5	09:49
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>	Exited 2/3 ER2 Long @ 828.40 --> + 1	09:50
<eminitrader>	exit stop moved to breakeven ES @ 1496.75
<RussellDaytrade>	S&P cash trades to 1492, I think that means Columbus will again sail the ocean blue
<NihabaAshi>	Exited Remainder ER2 Long @ 829.10 --> + 1.7	09:52
<eminitrader>	Exited 1/3 ES Long @ 1500.75 --> + 4
	holding 1
	target 1506.75 limit ..be back later elder son's birthday today ...	09:56
<pat255>	vn em ...have a good one ..
<NihabaAshi>	Shorts ER2 @ 830.60 -> small size	10:08
	2 contracts only	10:09
<jperl>	ER2 1 yr 1st stdDev @ 831.17	10:10
<NihabaAshi>	Covered all ER2 Short @ 830.10 --> + 0.5	10:11
<jperl>	ER2 approaching VWAP 828.35	10:14
	10:30 Petroleum status coming up	10:15
	This mornings trades here....	10:18
	http://charts.dacharts.com/2007-06-27/JP ERL_0121.png
	ER2 touching 1 yr 1st std dev 831.16	10:25
<NihabaAshi>	Long ER2 @ 831.90 -> medium size	10:30
	Exited 2/3 ER2 Long @ 833.70 --> + 1.8	10:32
<venedom>	n1 N	10:33
<NihabaAshi>	I'm looking to dump my remainders anywhere within the key s/r zone of 834.90 - 837.10	10:35
<pat255>	niha or someone can post the link to the server other than mimai..have prob sometimes ,,ty
	had to reboot	10:36
<NihabaAshi>	patt255 go to the #help room to ask them how to change servers...they are the Othernet people that manage the Othernet servers.	10:37
<venedom>	Long ER2 @ 833.70 -> small size	10:38
	tight stop 833.40
	Exited all ER2 Long @ 833.40 --> - 0.3	10:39
	and now it goes to N target lol	10:40
<pat255>	ty niha ...will check	10:41
<base>	- Warren.MS.US.Othernet.org [0]
	- RA> Houston.TX.US.Othernet.org [1]
	- Chicago.IL.US.Othernet.org
	- Athens.GA.US.Othernet.org
	- Fremont.CA.US.Othernet.org
	- RA> Firewall.IL.US.Othernet.org [2]
	It is current server's map.	10:42
<NihabaAshi>	The target should act like a magnet because its an area of a key change in supply/demand in yesterday's price action.
	On the flip side...I don't have a lot of wiggle room because my entry signal into this Long position was missed @ 830.30	10:44
<pat255>	ty base
<base>	np
<jperl>	price is sitting on yesterdays VWAP which is at the peak volume as well...	10:46
	as seen in this chart....
	http://charts.dacharts.com/2007-06-27/JP ERL_0121.png
	Market has no incentive to do anything....
	unless one of you decides otherwise
<NihabaAshi>	If its going to do anything it needs to do it before it hits my trailing stop :)	10:47
	Exited Remainder ER2 Long @ 832.10 --> + 0.2	10:49
	Had very little wiggle room to stay in that trade due to my late entry :(	10:50
<RussellDaytrade>	modest but ample gains shorting the zenith, have one short runner	10:53
<pat255>	rd did u S this am?	11:00
	just wonder ...L paid off well this am ..	11:01
<RussellDaytrade>	yes PAt, I shorted the first runup, and covered flat, near 830.4 area, then I shorted again the final rise...it just now hitting my initial targets, I closed the last one at 831.7 about ten minutes ago	11:02
<pat255>	k nice ...was reluctant to S ..that is why i asked..	11:03
<jperl>	ER2 bounced off 1 year STd DEv 831.17
<RussellDaytrade>	slept in, got as late start, missed the buys near 825 area, thats more of my recent profile, buying into troughs, looking for a little (or bigger) bounce...did not bring myself to buying the b.o...not quite there yet.	11:05
	if the larger structure down takes hold, I have targets of 826.5 area and even below	11:07
<NihabaAshi>	Taking an early lunch...missed another Long entry at 832.10 with the same profit target of anything above 834.90	11:08
	I'm still up nicely for the day but the missed opportunities today would have almost doubled my profits.	11:09
* NihabaAshi	is now known as NihabaAshi_away
<intowin>	shorts ES @ 1504.00 stop at 1505.75	11:12
<venedom>	Long ER2 @ 833.30
<intowin>	stop hit 1505.75 - 1.75	11:15
<venedom>	Exited all ER2 Long @ 835 --> + 1.7	11:16
<jperl>	ER2 peak volume price now at 833.50	11:17
	VWAP well below that @ 830.31
<pat255>	jper what doea that emn in terms of trading & setups?
	mean
<jperl>	depends on whether you are a newbie or a seasoned trader....	11:18
	for newbies.....
	look for a short trade below the Peak volume price
	market should revert back to the VWAP	11:19
<pat255>	ty jper	11:20
<jperl>	For seasoned traders....
	lots of possibilities in here
<pat255>	k go on ..:)
<jperl>	both shorts and longs
<RussellDaytrade>	bear in mind that vwap will still be rising, evn if and as price may drop into it	11:21
<jperl>	possible shorts back to PVP
	If market touches PVP....	11:22
	possible bounce to the long side off of it
	Then there are the bounces off the various StdDEvs
	1st STdDEv approaching PVP....should be a good bounce there	11:23
	and yes RD.....
	VWAP is rising
<eminitrader>	k i'm back for a while	11:29
	got my tenner :))	11:30
	Exited Remainder ES Long @ 1506.75 --> + 10
	late post
<intowin>	noticed that E very nice
<eminitrader>	thx itw
<RussellDaytrade>	since rice adavanced to new high from prior highs downtargets, downtrgets have accordingly reset higher
	well done EM!	11:31
<Brutus>	vn e :)
<eminitrader>	thx RD. B
	looks like a retrace from 40% fib of yest move	11:32
<RussellDaytrade>	and that is if they occur at all, which with the mkt fairly oversold may have an increasing odds they will not, and instead just keep pressing higher, without fulfilling full downtargets, etc...great indicators, that mkt is altering trend	11:34
<eminitrader>	shld see a bounce from todays low.....and i think thats when we will see the real selling on this bounce...if this low breks think we r in for a correction big time	11:36
<jperl>	ER2 took the bounce off of the PVP
	If you were quick on the draw you could have pulled at least 5 ticks	11:37
<eminitrader>	no i mean a much larger bounce than this ...abt 30-40 pts more from current levels on the ES
<jperl>	bounces are fun to play	11:38
<RussellDaytrade>	I agree with the correction outlook, I htink we have already into a correction, and the correct trade is to short. but we since the mkt is somewhat oversold already, am finding it challenging shorting it, as I sense it may rise dramatically on any bit or glimmer of 'good news' even if it's fabricated good news)...
	heaven knows ther's enuf bad news to go around that warrants lower prices.	11:39
<eminitrader>	prolly the fed min will set it up
<RussellDaytrade>	yes, the investment bankers already have a call in to benb, to gaff the shorts so they can offload some inventory, and reload on the short side. :)	11:43
	alright JP, I give up...what's PUP? something upper price?	11:44
<jperl>	PVP= peak volume price
<RussellDaytrade>	I must need glasses, (thats another story), looked like a U...thx	11:45
<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)	11:50
<jperl>	just above this price action for ER2, there are 2 VWAPs....	12:25
	2 day VWAP @ 836.38
	2 month VWAP @ 836.57
<RussellDaytrade>	both of them vwaps in a dntrend?	12:26
<jperl>	they are rather static RD	12:27
<RussellDaytrade>	let me phrase it differntly...anything in them vwaps sugest that price may turn down about now? :)	12:28
<jperl>	no
<RussellDaytrade>	ps, I'm short again
	lookin for 831.6 on this move...by 11:05 or so	12:29
	that target above is off the table with this higher high	12:43
* NihabaAshi_away	is now known as NihabaAshi	13:00
<ItalianSharp>	i am wondering what's making ER2 so bullish...	13:17
	while other eminis had their retracements, ER2 never really retraced
<RussellDaytrade>	perhaps that is about to change	13:21
<NihabaAshi>	Long ER2 @ 836.80 -> small size	13:23
	Exited all ER2 Long @ 836.90 --> + 0.1	13:26
<ItalianSharp>	niha, why do you think ER2 has been so bullish today?	13:28
<pat255>	IS prolly in front of fomc & eom	13:31
	but niha is more accurate on this
<ItalianSharp>	pat...maybe you are right...that's the only thing i can think of	13:32
<NihabaAshi>	I think its FOMC related especially since ER2 reached that s/r zone where a prior key change in supply/demand had occurred that's also related to the FED.
<ItalianSharp>	exactly niha...i am surprised ER2 went that high today
<Brutus>	Thursday, June 28, 2007	13:33
	ET/GMT Expected Previous
	0830/1230 Jun 23 Jobless Claims -9K +10K
	0830/1230 1Q GDP, final +0.8% +0.6%
	1100/1500 Jun Kansas City Fed Mfg Index 20
	1415 Two-Day FOMC meeting continues;
	interest rate decision expected 2:15
	p.m. EDT Thursday
<NihabaAshi>	Shorts ER2 @ 835.70 -> small size	13:37
	After I close this trade I go to 1 contract only for the remainder of the trading day.
<RussellDaytrade>	closed short
* codehead_afk	is now known as codehead	13:38
<NihabaAshi>	weak support here but stronger support further below around 835.10	13:41
	Shorts ER2 @ 836.00 -> Add	13:43
	Covered all ER2 Short @ 836.60 --> - 1.5	13:45
	Long ER2 @ 837.10 -> small size	13:50
<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)	13:53
<NihabaAshi>	Exited ER2 Long @ 837.40 --> + 0.3	13:55
	Long ER2 @ 837.70 -> small size	14:00
	Exited ER2 Long @ 839.00 --> + 1.3	14:02
<pat255>	nice catch Niha
<NihabaAshi>	I don't do too many "breakout" trades but that was one of them when ER2 did a WRB breakout above a key s/r zone	14:04
<pdays>	Shorts ER2 @ 842.0	14:32
<venedom>	Shorts ER2 @ 841.90	14:41
<NihabaAshi>	Long ER2 @ 842.00 -> small size	14:43
<werner>	gn all	14:44
<venedom>	upps the M is against lo	14:45
<NihabaAshi>	Exited ER2 Long @ 842.30 --> + 0.3	14:46
<venedom>	Covered all ER2 Short @ 842.3 --> - 0.4	14:47
<pat255>	too dangerous here either way ...looks like squeeze more
<pdays>	Covered all ER2 Short @ 843.0 --> - 1	14:48
<pat255>	em had the right setup this am...	14:50
<venedom>	Long ER2 @ 842.60	14:52
<RussellDaytrade>	earlier profits today have now become losses, bound to happen on occassion, trend days are a challenge for me...every business proposition contains a small particle of risk, so be it	14:54
<venedom>	Long ER2 @ 842.40 -> Add
	Exited all ER2 Long @ 842.40 --> + 842.40 - 842.60 + 842.40 - 842.40	14:55
	it was out no add
<NihabaAshi>	Long ER2 @ 844.10 -> small size	15:33
	Exited ER2 Long @ 844.40 --> + 0.3	15:35
<jperl>	todays P/L here....	15:42
	http://charts.dacharts.com/2007-06-27/JP ERL_0123.png
WRB Analysis	Learn More
<Awash>	Jperl	15:52
	do i need to have any specific plug-ins to view the file	15:53
	?
<jperl>	you should just be able to click on it and should pop up....
<Awash>	it doesn't
<jperl>	what happens	15:54
<Awash>	Plug in error message
	was this created with quicktime software
<jperl>	no, but that's your problem....install quicktime and you should then see it	15:55
<Awash>	that's the problem, i have quicktime
	but it still doesn't work
	it's just a png file
	right?
<jperl>	yes
<Awash>	it should be easy than	15:56
	i'll try and figure it out
<jperl>	try loading it directly into quicktime by going to the dacharts.com
	archive
<Awash>	would it be an inconvenience in the future to just save it as a gif or jpeg file? Just curious don't inconvenience yourself
<NihabaAshi>	What files are you guys talking about?	15:58
<Awash>	http://charts.dacharts.com/2007-06-27/JP ERL_0123.png
	for some reason I can't view it, plug in errror
<NihabaAshi>	.png is a standardized image...it should just pop up when you click on it.	15:59
<jperl>	try this one Awash...
	its jpeg....
<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)
<jperl>	http://charts.dacharts.com/2007-06-27/JP ERL_0124.jpg
<NihabaAshi>	You have Windows XP or what is your default image viewer.
	?
<Awash>	Windows, Photo Editor, Niha	16:00
	got it jperl,
<NihabaAshi>	Ok...the error is in Photo Editor.
<Awash>	i can view jpegs easily
<jperl>	ok...I'll post them as jpegs then
<Awash>	thanks
	Niha, this maybe a software issues	16:01
	issue
	because i can link to certain websites and still have this problem
<NihabaAshi>	I had the same problem with .png images on my older computer.
<jperl>	try reinstalling quicktime
<NihabaAshi>	I did an update and it went away.
<RussellDaytrade>	wire-to-wire buying, just put it on cruise control
<Awash>	i'll try that again but i reinstall before	16:02
	still no fix
<RussellDaytrade>	finished day short 5, down about 2k in that acct, closed shorts in other acts near b/e, glad I did	16:04
<NihabaAshi>	Awash...do you have problems viewing images at my website ?
	http://www.thestrategylab.com/062207Futu resTrades.htm	16:05
<Awash>	let me double check
<NihabaAshi>	What happens when you click on my Friday's profit/loss statement on the right side at that link?
<Awash>	no
<NihabaAshi>	It's a .png image
	Ok...if you don't have problmes seeing my images than you have some sort'uv error in the Photo Editor software when clicking on images as a download.	16:06
<Awash>	i see Xtrader image
	really?
<NihabaAshi>	I remember having the the same problem and played around with it before it went away.
<Awash>	okay
	i'll look at the properties section	16:07
<NihabaAshi>	I do remember changing my default image viewer to something else.
	By the way...I'll get the chat logs updated by tonight at 9pm est.	16:08
<Awash>	take your time
<NihabaAshi>	In fact, I'm doing them right now because I'm missing Monday and Tuesday's logs.
<Awash>	i'm around during the summer
	but i read them periodically when i'm teaching school
<NihabaAshi>	Take care all and see all tomorrow for the big trading day (FOMC Annoucment) which is usually one of my best trading days.	16:25
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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 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

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