#FuturesTrades July 6th Friday 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 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: Fri Jul 06 09:31:13 2007Session Ident: #futurestrades
* Now	talking in #futurestrades	09:31
<X>	[NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<NihabaAshi>	Long ER2 @ 856.40 -> large size	09:33
	Exited all ER2 Long @ 855.20 --> - 1.2	09:34
	Shorts ER2 @ 854.70 -> large size	09:35
<werner>	gm all
<wizardofrijnsaterwou>	gm werner	09:36
<werner>	yo wiske	09:38
<NihabaAshi>	Geeesh :(	09:40
* NihabaAshi	is now known as NihabaAshi_away
* NihabaAshi_away	is now known as NihabaAshi	09:43
<NihabaAshi>	ER2 back within a prior key WRB S/R Zone.	09:47
	It's a good area for me to close this position.
	Covered all ER2 Short @ 851.90 --> + 2.8	09:48
<pat255>	vn niha ..late start	09:51
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>	I had a poor entry on the first trade via 6 ticks :(
	Should have been in around 855.80	09:52
	Great volatility on low volume...	09:54
<Awash>	morning all
<NihabaAshi>	Tricky if your not use to this type of market environment.
	The low volume can fool those that are dependent upon volume into thinking things have slowed down and has found support.	09:55
	Shorts ER2 @ 851.70 -> small size	09:57
	Hammer lines trying to form	09:58
	Covered ER2 Short @ 852.20 --> - 0.5	09:59
	Reverse and Enter Long ER2 @ 852.20
	Exited all ER2 Long @ 853.50 --> + 1.3	10:02
<Awash>	Long ES @ 1534.50	10:03
<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)
<NihabaAshi>	Those dark hammer lines (not patterns) gave me the clues I needed that my Short position was in trouble...allowing me to do a position reversal into the volatility spike.	10:04
	50% win/loss ratio for me today but big profits :)
<pat255>	niha u still refer to 2 min chart?	10:05
<NihabaAshi>	I'm using the 1min, 2min and 3min charts side by side right now.
<pat255>	ty
<NihabaAshi>	There's a San Francisco FED President speech today via satallite but I don't know what time it starts :(	10:13
<Brutus>	I have that as yesterday Niha	10:14
<NihabaAshi>	Ok...thanks.	10:15
	Do you have a listed time for yesterday ?	10:16
<Brutus>	0000/0400 San Francisco Fed Pres Yellen speaks
	via video conference in Singapore
<NihabaAshi>	Thanks
<Brutus>	yw
<NihabaAshi>	That explains the problem on my first trade of the day :(	10:18
	I ran smack into a "wall of resistance".
	Long ER2 @ 854.80 -> small size	10:23
	1 contract only...just trying to play the resistance of 856.00 and above.
<Awash>	Exited 1/2 ES Long @ 1536.50 --> + 2	10:26
	exit stop raised ES @ 1534.75	10:27
<NihabaAshi>	ER2 volatility dropping...I'm expecting a volatility spike here soon.	10:28
	Hopefully upwards.
	Exited ER2 Long @ 855.90 --> + 1.1	10:30
	Shorts ER2 @ 855.50 -> small size	10:33
	intuition trade
	2 contracts only
	Covered all ER2 Short @ 855.30 --> + 0.2	10:35
<jperl>	ER2 VWAP = PVP 853.70	10:43
	This morning's trades here....	10:46
	http://charts.dacharts.com/2007-07-06/JP ERL_0143.jpg
<NihabaAshi>	Missed the entry at 854.70	10:47
	This time I won't chase it and just put a sign on my back that saids "kick me".
	Be back later...taking a break.	10:48
	I feel like I'm about 2 steps behind the market but the great volatility compensated for my late analysis.
* NihabaAshi	is now known as NihabaAshi_away	10:49
<Awash>	Does anyone have the all sessions HOD for ES?
<werner>	39.50	10:56
<Awash>	thanks
<werner>	np
<Awash>	Long ES @ 1538 -> Add	11:06
<pat255>	vn awash ...
<Awash>	tx pat	11:09
	i have increasing volume on this 5 minute candle but no candle expansion
	won't hold long if we don't follow thru
	we're pushing higer	11:12
	higer
	higher
	Exited all ES Long @ 1538 --> + 3.5	11:15
	Exit first Long (1534.50) + 3.50	11:16
<pat255>	vvn
<Awash>	Exit Add, + 0
* NihabaAshi_away	is now known as NihabaAshi	11:30
<Brutus>	Nice trading Awash	11:35
<Awash>	thanks
<Brutus>	10 Year yield hit 5.2 now at 5.18	11:38
	0951 OIL FUTURES: Nymex Crude Rallies More Than $1, Nears $73	11:40
<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)	12:06
<Awash>	Long YM @ 13668	12:27
	had a long at 1536.50 (pullback 50% area of trend)	12:30
	on ES
	Long ES @ 1536.50	12:34
	looking to exit YM soon
	Exit YM, at 13671, +3 Ticks	12:35
<jperl>	ER2 peak volume @ 855.00 but expect it to move up here	12:36
	peak volume now 857.00	12:38
	looking for return to VWAP @ 855.45
<RONDOE>	Hi guys ,	12:44
	er long 857.10	12:45
<Awash>	Exited all ES Long @ 1538 --> + 1.5	12:49
<RONDOE>	Exited er2 @ 857.30 stop out +.2	13:05
* codehead_afk	is now known as codehead	13:20
<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)	14:09
* sep34_	is now known as sep34_away	14:34
* sep34_away	is now known as sep34_	14:40
* sep34_	is now known as sep34_away	14:55
WRB Analysis	Learn More
<NihabaAshi>	Long ER2 @ 859.30 -> small size	15:15
	intuition trade
	Hmmm...I expected more volatility at this level and its not happening.	15:16
	Probably it will (more volatility) at a lower price level.
	Long ER2 @ 859.10 -> Add	15:25
	ER2 dropped into the range of a WRB s/r zone of a prior pattern signal.
	Good place for me to add to the position.
	Volatility still low for the late afternoon price action.	15:28
	That intuition feel I had that some volatility will show up going into the weekend is starting to look bad :(
	Exited 1/2 ER2 Long @ 859.60 --> + 0.5	15:30
	Exited Remainder ER2 Long @ 859.60 --> + 0.3	15:31
	I almost dumped that at breakeven earlier in the trade.	15:32
	On that note...take care all and have a good weekend.
* NihabaAshi	is now known as NihabaAshi_away
<jperl>	done for today.....lot of wheel spinning today. About break even ...	15:36
	http://charts.dacharts.com/2007-07-06/JP ERL_0144.jpg	15:37
<ripsboy>	Have a great weekend everybody...	15:58
<werner>	gn all	16:04
<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)	16:15
* DisconnectedSession	Close: Fri Jul 06 16:24:17 2007	16:24
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

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