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#FuturesTrades July 2nd Monday 2007 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+3.90	+3.90	+1688.50
$390	$390	$168,850

click on image to view actual size

Current Performance Record

Current ER2 Key WRB S/R Zones

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 or participate in the market discussions.

Lurking (not participating) in #FuturesTrades will not allow you to reach your trading goals. Therefore, its to your benefit to ask the profitable members questions or help with your trading.

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.

In fact, many of my trades or profit targets will occur within key WRB support/resistance zones because these price areas gives me a better understanding of key changes in supply demand.

Traditional pivot point analysis or traditional s/r levels are inadequate in understanding changes in supply/demand of the Russell 2000 Emini ER2 or any other trading instrument of today's markets in comparison to WRB Analysis.

WRB Analysis is also a key aspect in my use of intermarket analysis, market seasonal tendencies, volatility analysis and custom Japanese Candlestick patterns to complete my trading plan that results in consistent profits.

Further, position size management is a key aspect of my trading and I trade any where between 1 to 9 contracts per trade depending upon the volatility, trade signal and seasonal tendencies.

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.

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: Mon Jul 02 09:29:39 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

<venedom> gm 09:30

<werner> gm all

<eminitrader> Shorts ES @ 1524 09:31

<venedom> Shorts ER2 @ 845.20 09:33

<NihabaAshi> Long ER2 @ 845.50 -> large size 09:35

<eminitrader> Covered all ES Short @ 1524 --> 0

<venedom> Covered all ER2 Short @ 845.40 --> - 0.2 09:36

<NihabaAshi> Exited all ER2 Long @ 845.90 --> + 0.4 09:38

Exited all ER2 Long @ 844.90 --> - 0.6

correction made

Shorts ER2 @ 844.40 -> large size 09:39

<eminitrader> had a nice entry :(( 09:40

chickened out cause it was a 10 lot and too early in the day :(

<NihabaAshi> Covered all ER2 Short @ 844.20 --> + 0.2 09:41

Shorts ER2 @ 843.60 -> large size 09:42

<eminitrader> Shorts ES @ 1522.50 09:47

<NihabaAshi> Covered all ER2 Short @ 844.50 --> - 0.9

<venedom> Long ER2 @ 844.70 09:51

<NihabaAshi> Long ER2 @ 845.20 -> large size

<jperl> ER2 @ Friday's VWAP 845.38 09:52

<venedom> Exited all ER2 Long @ 845.20 --> + 0.5 09:53

<eminitrader> Covered all ES Short @ 1523.50 --> - 1

<szubaark> Shorts ES @ 1523 «« paper »» 09:54

exit stop set ES @ 1524.50 «« paper »» 09:55

* lesAway is now known as les 09:56

<szubaark> Covered all Short ES at 1524.50 --> - 1.5 «« paper »»

<eminitrader> Shorts ES @ 1524.50 09:57

<szubaark> Shorts ES @ 1524 «« paper »»

<venedom> Long ER2 @ 845.50 09:58

<NihabaAshi> Long ER2 @ 845.60 -> Add

<Brutus> ISM Mfg Index 09:59

10:00 ET

<NihabaAshi> Exited 1/3 ER2 Long @ 846.40 --> + 0.8 10:00

Trading Edge:
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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)

<szubaark> Covered all Short ES at 1525.25 --> - 1.25 «« paper »»

<eminitrader> Covered all ES Short @ 1525.50 --> - 1

<venedom> Exited all ER2 Long @ 847.40 --> + 1.9 10:01

<NihabaAshi> Exited 1/3 ER2 Long @ 847.30 --> + 2.1

Exited Remainder ER2 Long @ 846.20 --> + 1 10:04

Volatility is too low for me. 10:05

I'm going to call it quits early and take the little profits I have becaue I really don't think I'm going to get any pattern signals today.

<venedom> nice day N 10:06

<NihabaAshi> That leaves me with "intuition trading" and my performance via such is poor on "low volatility" trading days.

Thus, I'm done for the day.

It's also a holiday here in Canada.

:)

* NihabaAshi is now known as NihabaAshi_away

<RussellDaytrade> hmmm, short, and buy lunch? 10:07

<venedom> lol

<NihabaAshi_away> Today was suppose to be "buy lunch and eat late breakfast".

Meant "buy Long and eat late breakfast".

<RussellDaytrade> I have down targets in the 839 range if a larger structure down manifests itself 10:09

<szubaark> Shorts ES @ 1526 «« paper »» 10:10

<NihabaAshi_away> Unfortunately the low volatility doesn't give me enough patience to sit and see it will test the 848.00 - 849.40 price area for a profit target I had on that Long position.

I'll be back around late afternoon to take a peek at the price action. 10:11

* NihabaAshi_away is now known as Nihaba_steak_eggs 10:12

<Brutus> 10y at 5.01

<les> Shorts ER2 @ 847.1 10:20

<RussellDaytrade> lol

RussellDaytrade_mouth-watering is short the er. (from earletr levels ap) 10:21

<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) 10:23

<Awash> test 10:24

Shorts ES @ 1527.25

morning all 10:26

<Brutus> 10y 5.00 10:36

<les> late, sorry

<eminitrader> Shorts ES @ 1527.25 10:37

<les> Covered all ER2 Short @ 847.8 --> - 0.7

<eminitrader> oops that a long

Long ES @ 1527.25

repost

<les> Long ER2 @ 848.8 10:38

<eminitrader> Exited ES Long @ 1526.26 --> - 0.99 10:43

Reverse and Enter Short ES @ 1526.26

Exited ES Long @ 1526.25 --> - 0.01 10:44

Reverse and Enter Short ES @ 1526.25

repost

<les> Exited all ER2 Long @ 848.5 --> - 0.3 10:45

Long ER2 @ 848.1 «« paper »» 10:47

<eminitrader> Shorts ES @ 1526.25 -> Add 10:54

now holding 10

<les> Exited 1/2 ER2 Long @ 848.4 --> + 0.3 «« paper »»

Exited Remainder ER2 Long @ 848.2 --> + 0.1 «« paper »» 10:55

<jperl> ER2 VWAP 846.33, PVP 847.90

Will expect a return to VWAP if price breaks through PVP 10:56

<intowin> shorts Es @ 1527.50 stop at 1530.0 10:59

<eminitrader> Covered ES Short @ 1528.25 --> - 2 11:00

Reverse and Enter Long ES @ 1528.25

<szubaark> Covered all Short ES at 1528.75 --> - 2.75 «« paper »» 11:01

* lesAway is now known as les 11:11

<les> Long ER2 @ 848.8 «« paper »»

<eminitrader> Long ES @ 1527.25 -> Add

20 now

<les> Long ER2 @ 848.8 11:12

live trtade

<eminitrader> looks like shld have had the day off ...nothing productive so far :(

<les> agree 11:13

its having one of its crazy days just before the hol

<eminitrader> will stop trading after this one...

<Awash> weak advancement to new HOD by 1 tick, we're starting to consolidate 11:14

<les> ist the low volatility doing this

<eminitrader> may tank bigtime if it does not hold up.. 11:15

<Awash> maybe, sure starting to look that way

<eminitrader> Exited all ES Long @ 1526.75 --> - 2

<Awash> several retest and failures at HOD

<eminitrader> thats -1 on 20 avg 1527.75 :((...3 losers and consecutive ones.... 11:16

<jperl> This mornings trades here....

<eminitrader> guess its time for a break

<jperl> http://charts.dacharts.com/2007-07-02/JP ERL_0134.jpg

<les> Exited all ER2 Long @ 848.7 --> - 0.1 11:17

i've lost interest now

so end of trading for me today 11:18

cya tomorro

w

<Awash> watching to see if we can trade below 1525.25 11:24

<eminitrader> wld say 1525 is first major supp 11:26

<Awash> yep, so far it's holding 11:27

<eminitrader> yep..

u holding any positions ? 11:28

<Awash> yes

Still short from 1527.25

<eminitrader> L or S

k...care ful trading ..:

<Awash> still no downside follow thru 11:43

Covered all ES Short @ 1526.25 --> + 1 11:53

<intowin> covered half es short @ 1525.50 + 2 11:58

stop now at b/e 12:00

flat 12:09

<Awash> we're starting to get some movement 12:26

<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)

* Awash is now known as Awash_lunch 12:30

<intowin> I think I will go home with my two points and try again in the morn... 13:04

* Nihaba_steak_eggs is now known as NihabaAshi 13:14

WRB Analysis

Learn More

<Brutus> OIL FUTURES: Nymex Crude Ends Above $71, 10-Month High 14:39

<RussellDaytrade> I 's like to see a move to 847 area to help break this and turn it in the other direction, ultimately into the low 840's, possibly esrly tomorrow timeframe 15:05

<jperl> ER2 VWAP = PVP = 848.00 15:06

Done for today....P/L here... 15:09

http://charts.dacharts.com/2007-07-02/JP ERL_0135.jpg

<RussellDaytrade> the bears may have early for the holiday, they took a long weekend, may not be seen or heard from for a few days 15:10

<venedom> good afternoon 15:33

that 1530ES is a wall 15:35

c u all friday or next week have a happy 4th july eat a lot careful with firecrackers enjoy... 15:50

<werner> gn all 15:58

* Awash_lunch is now known as Awash 16:10

<Awash> take care all

* Awash_lunch is now known as Awash 16:11

* DisconnectedSession Close: Mon Jul 02 20:13:15 2007 20:13

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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...

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