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#FuturesTrades July 3rd Tuesday 2007 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+4.10	+8.00	+1696.50
$410	$800	$169,650

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: Tue Jul 03 09:28:52 2007Session Ident: #futurestrades

* Now talking in #futurestrades 09:28

* lesAway is now known as les 09:31

<PapaJon> gm all

<venedom> gm 09:33

<NihabaAshi> I still got some connection problems...be back after a reboot. 09:34

* DisconnectedSession Close: Tue Jul 03 09:34:24 2007

Session Start: Tue Jul 03 09:48:19 2007Session Ident: #futurestrades

* Now talking in #futurestrades 09:48

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

<Brutus> ET/GMT Expected Previous 09:50

1000/1400 May Factory Orders -1.2% +0.3%

1000/1400 May Pending Home Sales Index -3.2%

<intowin> 10.00 am should bring a pop 09:54

<szubaark> Shorts ES @ 1536 «« paper »» 09:57

<pdays> Factory -.5 hs -3.5 10:00

<NihabaAshi> Long ER2 @ 853.00 -> small size 10:01

<les> Long ER2 @ 853.4 10:02

<szubaark> Covered all Short ES at 1537 --> - 1 «« paper »»

Buys ES @ 1537 «« paper »»

<NihabaAshi> Exited all ER2 Long @ 853.30 --> + 0.3 10:03

Shorts ER2 @ 852.80 -> large size 10:04

<szubaark> Exited all Long ES at 1535.50 --> - 1.5 «« paper »»

Shorts ES @ 1535.50 «« paper »»

<NihabaAshi> I have a big profit target but will scale down my expectations due to the low volatility pre-holiday conditions. 10:05

Covered 2/3 ER2 Short @ 852.20 --> + 0.6 10:08

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)

:( 10:09

<jperl> ER@ VWAP 852.57

<pat255> not bad niha ..some profit ... 10:12

<NihabaAshi> Tough to manage because I'm having some data problems. 10:13

Reason why I exited 2/3 a little early to reduce my risk exposure when the data problems returned.

<pat255> those are the worse ..:( 10:16

<NihabaAshi> Other key markets like Oil and Gold helping to give the Eminis some support :( 10:18

Enough help for the Eminis to find their own support level. 10:19

Covered Remainder ER2 Short @ 852.40 --> + 0.4

<ItalianSharp> looks like markets are enjoying some early july 4th holiday 10:26

<RONDOE> long ER2 @852.

<jperl> I'm done for today.....trades here... 10:28

http://charts.dacharts.com/2007-07-03/JP ERL_0136.jpg

<RONDOE> exited ER2 @853.50 +1.50 10:29

<les> Exited all ER2 Long @ 853.8 --> + 0.4

<NihabaAshi> Long ER2 @ 853.90 -> small size

Exited all ER2 Long @ 854.20 --> + 0.3 10:30

<pdays> Shorts ER2 @ 854.2 «« paper »» 10:33

<intowin> little too choppy for me also... See you Friday, Good luck

<pat255> c u all later ty 10:35

<pdays> Covered all ER2 Short @ 853.2 --> + 1 «« paper »» 10:38

<szubaark> Covered all Short ES at 1536.75 --> - 1.25 «« paper »» 10:46

<PapaJon> Happy holidays all... cya thursday or next week 10:57

<RONDOE> g-m RIP 11:16

<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) 11:20

* codehead_afk is now known as codehead 11:37

<szubaark> Worthless Price Action.. next time wont even trade 4th of July week LOL 11:48

<NihabaAshi> szubaark, trading will improve just a "little" on Thurs and Friday but not by much. 11:57

Things wont get back to normal until next Monday.

Simply, the week of July 4th is one of those entire trading weeks we should strongly consider using it as either a "vacation week" from the markets or take a few days off from trading. 11:58

Next year I believe July 4th falls on a Friday.

We'll have some good trading on Mon, Tues and Weds only. 11:59

That Thurs I plan not to trade and make a 4 day holiday trip with the family.

WRB Analysis

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<les> go ti e for me cya all again tuesday 12:22

<ItalianSharp> you all enjoy your holidays...bye all 12:51

* DisconnectedSession Close: Tue Jul 03 15:28:09 2007 15:28

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#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.