#FuturesTrades trade log for traders - CBOT, CME, EUREX, EURONEXT, NYMEX, COMEX and FOREX

July Trade Log

Trade Strategies

WRB Analysis Tutorials

Music While Trading

Testimonials

Disclaimer

#FuturesTrades July 13th Friday 2007 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+14.60	+98.80	+1787.30
$1,460	$9,880	$178,730

click on image to view actual size

Current Performance Record

July 16th Mon 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 nor will it answer your questions that you need answered to help with your trading. Therefore, it's to your benefit to participate in #FuturesTrades to prevent us from thinking you don't need any help.

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 13 09:28:35 2007Session Ident: #futurestrades

* Now talking in #futurestrades 09:28

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

<PapaJon> gm all 09:29

<base> gm all 09:31

<eminitrader> Hi RD, IS

<ItalianSharp> morning emini

<eminitrader> yest. doc appt was for my son

<szubaark> gm

<ItalianSharp> is the little emini healthy? 09:32

<eminitrader> he broke his arm mon falling off the monkey bars.

<ItalianSharp> is he ok now? i mean, has the pain gone away at least? is his arm in a cast?

<eminitrader> looks good with his Glow in the dark cast on :)) thx IS

<NihabaAshi> Shorts ER2 @ 858.50 -> large size 09:33

<eminitrader> he is getting addicted to codine IS :)) 09:34

thats the prescription for the pain killer..

<ItalianSharp> :) glad he's better

<eminitrader> :)

<NihabaAshi> Shorts ER2 @ 857.80 -> Add 09:35

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)

<Awash> good morning all

<eminitrader> Shorts ES @ 1557 09:40

Shorts ES @ 1558.75 -> Add 09:46

holding 4

<Brutus> 1000/1400 May Business Inventories +0.4% 09:47

1000/1400 Jul Reuters/Univ Mich Index, prelim 85.3

* Awash is now known as Awash_afk 09:48

<Brutus> Shorts ES @ 860.2 «« paper »» 09:50

dax looks bearish di 09:51

<base> Short ER2 at 858.90 (paper) 09:53

Covered ER2 at 857.90 --> + 1.0 (paper) 09:54

<eminitrader> Covered 1/2 ES Short @ 1556.75 --> + 2 09:55

thats actually just covering commish ...from 1st lot

<szubaark> how many contracts u in? 09:56

<eminitrader> Covered 1/3 ES Short @ 1555.50 --> + 1.5 09:57

holding 1

4 szu 09:58

<Brutus> Covered 1/2 ES Short @ 857.2 --> + 3 «« paper »»

<eminitrader> nice B

<szubaark> Nice Shorts u all

10 AM News coming up

<Brutus> thx, ic the doc gave u some valium

news 09:59

<eminitrader> not me :((

<szubaark> Consumer Sentiment and Business Inv.

<eminitrader> Covered Remainder ES Short @ 1557 --> 0 10:00

<Brutus> Covered 1/4 ES Short @ 857.5 --> + 2.7 «« paper »» 10:06

exit stop set ES @ 858.8 «« paper »» 10:07

<eminitrader> Shorts ES @ 1558.50 10:10

2 only

<Brutus> Covered all ES Short @ 857.6 --> + 2.6 «« paper »» 10:11

<eminitrader> Covered all ES Short @ 1558 --> + 0.5 10:13

thats it ...done for the wk...good trading all

<base> eminitrader: Take care

<eminitrader> thx ..have a good one B 10:14

<Brutus> Cya e and thanks 10:15

<RussellDaytrade> feels like its eroding 10:18

<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) 10:25

<Brutus> GOOG has broken $550 10:32

Niha what became of your short trade? 10:44

<jperl> I don't think I want to trade this market anymore today..... 10:47

http://charts.dacharts.com/2007-07-13/JP ERL_019.jpg

took me 40 minutes to get out of that last long 10:48

<venedom> gm 11:25

quiet day? 11:34

<base> Moveless day :) 11:46

<venedom> cu monday 12:14

<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

* codehead_afk is now known as codehead 12:56

* Awash_afk is now known as Awash 13:30

<ItalianSharp> today must have been one of the most boring trading days of the year 14:30

<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) 14:31

<ItalianSharp> volatility disappeared immediately after the 10am reports

looks like Independe Day trading

<pdays> Long ER2 @ 859.2 14:34

Exited all ER2 Long @ 859.5 --> + 0.3

<ItalianSharp> and all of a sudden, volatility comes back... 14:55

when everyone must be enjoying a few buds and early weekend, the big boys decide to set a new record for the DOW 14:56

this is why this job is so tough...today i've been in the red all day...when YM failed to break 90 and didn't fill my limit order that would have gotten me BE, I gave in and figured i'd be happy with a small loss for the day given the lousy volatility 14:57

then i see markets and volumes increasing...and i am now back at BE for the day...big success given my bad start and considering it's a friday 14:58

had a great week until yesterday, unfortunately today i wasn't sharp enough to play the morning session properly

interesting stats about my trading yesterday and today. 15:00

yesterday i had 4 long trades and all 4 of them were winners 15:01

today i had 5 trades: 3 longs all winners and 2 shorts all losers

basically, as long as YM is nearby those record-highs it's very dangerous to short this market

the all-time highs function as a magnete and whenever YM dips by a 20-30 ticks, people rush in to buy at a discounted price 15:02

we need one of those flush-out days to calm down them bulls

i am done for the day now...see you all guys on monday...now that YM has fulfilled its desire to test 14K i think we are going to be rangebound till the close...and i am exhausted from a very intense trading day 15:09

* sep34 is now known as sep34_away 15:59

<NihabaAshi> Hi all...just got back/ 16:03

<GoodMood> Hi Niha

WRB Analysis

Learn More

<NihabaAshi> http://thestrategylab.com/images/071207WRBpage.png 16:04

That's the key WRB s/r zone I used for today's only trade. 16:06

Here's my profit loss statement for today's only trade I did.

http://www.thestrategylab.com/images/071 307NihabaAshiPnLBlotterProfit.png

All exits within that key WRB s/r zone. 16:07

Had to leave immediate soon after for some "family personal" issue with grandfather and IPO of his company. 16:08

<Brutus> Good exit Niha you held that through that spike. 16:09

<NihabaAshi> I had a stop at 861.40 16:10

<Brutus> k

<NihabaAshi> Just above the WRB s/r zone of the 0830am est price action 16:11

Had it pushed higher and took me out...

I would have loaded up again and shorted anywhere around 861.00 to hold down to the WRB s/r zone of 856.90 - 856.30 16:12

<Awash> good night all 16:13

<NihabaAshi> I'll get this week's Mon, Tues, Weds, Thurs and today's Fri chat logs posted. 16:14

<Awash> thanks Niha

see you all Monday

<NihabaAshi> I'm about 5 days behind schedule with all the personal stuff going on here.

<Brutus> np, thanks Niha

<NihabaAshi> Website updates is also about a week behind schedule :(

Today I've learn a ton about the Oil & Natural GAS business from the inside out. 16:15

Very interesting.

Take care all and have a good weekend. 16:16

<Brutus> CUL8R

<NihabaAshi> I'm going to try to post those WRB s/r zones BEFORE the OPEN here in #FuturesTrades.

I think there's a few in here with a strong interest in them.

However, I won't explain in here how I derive them because its from the WRB Analysis Tutorial (Premium) stuff. 16:17

Bye.

* NihabaAshi is now known as NihabaAshi_away

<werner> bye all 16:36

<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

* DisconnectedSession Close: Fri Jul 13 19:17:34 2007 19:17

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.