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#FuturesTrades July 21st Monday 2008 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+0.00	+156.00	+2042.60
$0	$15,600	$204,260

Not Applicable

(on vacation)

No Trades (on vacation)

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Current Performance Record

Supply/Demand Change of the Day

Profit/Loss Statement

Trade Posting Chat Log Info: My name is M.A. Perry (a.k.a. online as NihabaAshi - martial arts & Japanese Candlestick term) and I am the moderator of #FuturesTrades.

I use the below chat log as feedback to critical trading information that's not available when I review my broker statements nor any statistical analysis of my trading. Also, the above profit/loss info represents my trades only and all trades were posted in real-time within 5 seconds unless otherwise noted after entry or exit as shown in the below chat log.

Further, although I'm not familiar with the trade methods used by most members of #FuturesTrades, I use a rule based methodology (very objective) that involves price action only trading (no indicators).

There is some subjectivity involved with some of my trades when I'm developing a new entry signal, developing new trade management (hence the name TheStrategyLab.com) or when market conditions change resulting in me relying more on my market experience (intuition) instead of on my trading plan.

With that said, today's trade posting chat log is below and it contains all my trades that were posted in real-time along with the trades of other members of #FuturesTrades...

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.

Time Zone Info Chat Log below is eastern standard time (est) - New York City, U.S.A and/or Montréal, Canada time zone.

WRB Analysis

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Session Start: Mon Jul 21 00:00:00 2008Session Ident: #futurestrades

<@X> #FuturesTrades Info -> No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended without their permission. More info at www.thestrategylab.com/FuturesTradesChat Room.htm 05:55

<starglazer> Bank of America Earns US$3.41 Billion or US$0.72 Per Share in Second Quarter 07:02

<+starglazer> vs 0.53 street$

<Bambam-77> pos trgt is 1270 area 07:09

<+Bambam-77> for russel look at 697 as pos trgt area 07:19

<DJ> gm 08:42

<ripsboy> gm all... 09:13

<+DJ> gm 09:14

<ItalianSharp> morning all 09:18

<+DJ> gm

<PapaJon> gm all 09:26

<+DJ> gm

<drt> gm everyone 09:27

* subq market profile charts for today --- http://www.charthub.com/chart/search/mpc hart 09:36

<szubaark> Shorts ES @ 1265.75 «« paper »» 09:43

<+szubaark> exit stop set ES @ 1267.50 «« paper »» 09:44

Covered all Short ES at 1267.50 --> - 1.75 «« paper »» 09:45

Shorts ES @ 1266.25 «« paper »» 09:48

exit stop set ES @ 1267.50 «« paper »» 09:49

<Awash> morning all 09:50

<Brutus_> gm awash, gm guys

<+DJ> gm 09:51

<startrader> Long NQ @ 1838 09:54

<+szubaark> Covered all Short ES at 1267.50 --> - 1.25 «« paper »» 09:55

Shorts ES @ 1266 «« paper »»

Pinball type price action

exit stop set ES @ 1267.50 «« paper »» 09:57

<+Brutus_> http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={d6158 c6c-110b-48b7-910c-bba6cee672ba}

<+startrader> Exited 1/2 NQ Long @ 1840.25 --> + 2.25 09:58

Exited Remainder NQ Long @ 1839.25 --> + 1.25 09:59

<+szubaark> Covered all Short ES at 1267.50 --> - 1.5 «« paper »» 10:00

Shorts ES @ 1265.75 «« paper »» 10:01

<@X> #FuturesTrades Info -> No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended without their permission. More info at www.thestrategylab.com/FuturesTradesChat Room.htm 10:04

<+startrader> Shorts NQ @ 1837 10:05

Covered 1/2 NQ Short @ 1834.50 --> + 2.5 10:06

Covered Remainder NQ Short @ 1833 --> + 4 10:07

<jsbach> what types of charting software have the OHLC-attraction feature for drawing trend lines?

<+szubaark> Covered all Short ES at 1263.25 --> + 2.5 «« paper »» 10:08

<+startrader> Long NQ @ 1832.25 10:09

Exited 1/2 NQ Long @ 1834.50 --> + 2.25 10:14

Exited Remainder NQ Long @ 1836.50 --> + 4.25

<+szubaark> Shorts ES @ 1264.75 «« paper »» 10:15

<+Awash> Shorts ES @ 1266 10:18

<+szubaark> exit stop set ES @ 1266.75 «« paper »» 10:23

<KmartTrader> good morning guys 10:24

<+KmartTrader> what time frame do you guys use? thanks.

<+startrader> Long NQ @ 1831 10:25

<+szubaark> 2min,5,15,30 Daily,Weekly

<+startrader> blue light special timeframe, "for the next 15 mins shoppers!" 10:26

<+szubaark> exit stop moved to breakeven ES @ 1264.75 «« paper »» 10:27

<+startrader> Exited 1/2 NQ Long @ 1833.25 --> + 2.25

* codehead_afk is now known as codehead 10:29

<+startrader> Long NQ @ 1830.37 -> Add 10:30

exext a strong bounce off 1828 handle 10:34

<+szubaark> Covered all Short ES at 1261.25 --> + 3.5 «« paper »» 10:35

<+Awash> nice exit Szu 10:44

<+szubaark> thnx

Shorts ES @ 1263.75 «« paper »»

<+Awash> you sold the pullback szu 10:48

you're aggressive today?

<+startrader> Exited 1/2 NQ Long @ 1834 --> + 3.63 10:50

<+szubaark> no, just trying to reach get nice Profit cushion

Covered all Short ES at 1264.75 --> - 1 «« paper »»

<silo> my prediction is that we go up from here

<+silo> from today

<+DJ> silo, after today?

<+szubaark> Shorts ES @ 1263.25 «« paper »»

<+silo> if we start to go up today

which is likely

<+DJ> ok

brutus, ty for calendar 10:51

<+Brutus_> yw 10:52

<+DJ> baxwill, are you in?

<+szubaark> exit stop set ES @ 1264.75 «« paper »» 10:54

<+DJ> silo, will you look at a high breakout (resistance level) for a trend? 10:56

<+szubaark> Volatility contracting, expecting Volatility spike soon

<TL-TradeLancer> szu, how do u measure vol? just give me short answer so I know your thinking...thks 10:58

<+TL-TradeLancer> volatility 10:59

<+szubaark> when u see candles getting smaller, volatility contracting, when they get wider,volatility expanding 11:00

<+DJ> an additional question: how do predict?

szu,you have predicted in last week a couple of times

that I can recall

<KN-SR> Shorts CL @ 1262.50 11:01

<+KN-SR> s.l 1.25

<+szubaark> u have to watch, it takes a while to learn

<+DJ> ok 11:02

<+Awash> good commentary Szu, agree lots of screen time is necessary to learn accurately

<+silo> Shorts ER2 @ 693.10 «« paper »» 11:03

kn trading cl today eh?

<+szubaark> Covered all Short ES at 1261.75 --> + 1.5 «« paper »» 11:04

<+TL-TradeLancer> TY szu

<+KN-SR> nop

thats es

my laptop

i m connect to my home pc 11:05

let me fix it

connected

hmm should owrk

Covered 3/4 ES Short @ 1261.50 --> + 1

its a slow connection

<+Awash> lets see if we can set a new intraday low 11:06

<+szubaark> Buys ES @ 1262 «« paper »»

exit stop moved to breakeven ES @ 1262 «« paper »» 11:07

<+KN-SR> we should have a bullish day today

<+TL-TradeLancer> well we're definitely trending sideways & building cause for something to launch price, the pattern this am looks like bullish flag setup 11:10

<+KN-SR> Shorts ES @ 63.00 11:15

s.l 1.25 11:16

bbl 11:17

this connection killing me

<+szubaark> Exited all Long ES at 1262.75 --> + 0.75 «« paper »» 11:20

Buys ES @ 1264 «« paper »» 11:24

Exited all Long ES at 1263 --> - 1 «« paper »» 11:29

Shorts ES @ 1262 «« paper »» 11:32

<+startrader> Long NQ @ 1828 11:33

<+KN-SR> Long ES @ 61.75 11:34

<+szubaark> Covered all Short ES at 1262 --> 0 «« paper »»

<+KN-SR> s.l 1.25 11:35

bbl

<+szubaark> Shorts ES @ 1261.25 «« paper »» 11:36

<+startrader> Long NQ @ 1825 -> Add 11:37

<+szubaark> Covered all Short ES at 1261.25 --> 0 «« paper »»

Buys ES @ 1261.75 «« paper »» 11:38

Exited all Long ES at 1260.25 --> - 1.5 «« paper »»

Shorts ES @ 1260.25 «« paper »»

<Trader> . 11:52

<+Awash> Covered 1/4 ES Short @ 1257 --> + 9 11:58

still holding 5

<+szubaark> nice

<+Brutus_> vn awash

<+Awash> thanks 11:59

<+DJ> wow, awash!

nice

<+Awash> LOD on deck, maybe we stall here, or reverse

<+DJ> good signal

<+szubaark> most likelt whack Overnight Stops below 12:00

<+DJ> er is approaching LOD 688.3

lower lows and lower highs

broke 200 period MA right before 9am pST

on 3 minute chart 12:01

er only

<+szubaark> Covered all Short ES at 1256.25 --> + 4 «« paper »»

<+Awash> vn szu 12:02

<+szubaark> thnx.. had to do a few reversals but was worth it

<+Brutus_> Good trade szu

<@X> #FuturesTrades Info -> No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended without their permission. More info at www.thestrategylab.com/FuturesTradesChat Room.htm 12:10

* TL-TradeLancer is now known as JimL 12:17

<werner> hi all 13:09

<+szubaark> hi werner 13:10

<+werner> hi szu 13:11

<+Awash> howdy werner 13:12

<+werner> yo awash 13:13

<+DJ> bbl 13:25

<+JimL> slow march to wipeout all short stops & not excite upside trend, will have to let the trend establish itself after lunch 13:36

<+szubaark> Shorts ES @ 1261.25 «« paper »» 13:46

<+starglazer> Long ES @ 1260.75 13:48

<+szubaark> exit stop moved to breakeven ES @ 1261.25 «« paper »»

tight Stop 13:49

Covered all Short ES at 1261.25 --> 0 «« paper »» 13:50

<+starglazer> Exited all ES Long @ 1261.25 --> + 0.5 13:51

Long ES @ 1261.5 13:55

<+szubaark> Buys ES @ 1262 «« paper »» 13:56

Exited all Long ES at 1261 --> - 1 «« paper »» 13:58

Shorts ES @ 1261 «« paper »» 13:59

Expecting Volatility spike soon 14:00

exit stop set ES @ 1262 «« paper »» 14:02

Covered all Short ES at 1262 --> - 1 «« paper »» 14:03

Shorts ES @ 1260 «« paper »» 14:04

<+starglazer> Long ES @ 1259.5 -> Add

<rickf> hi all 14:07

<+szubaark> hey rick

<+starglazer> Exited all ES Long @ 1260 --> - 1 14:09

<+rickf> fyi i won't be around for a week or so - got some projects to take care of

<+szubaark> exit stop set ES @ 1261 «« paper »» 14:11

Covered all Short ES at 1260.25 --> - 0.25 «« paper »» 14:12

<@X> #FuturesTrades Info -> No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended without their permission. More info at www.thestrategylab.com/FuturesTradesChat Room.htm 14:13

<+starglazer> ER2 on its own island 14:17

<+szubaark> Buys ES @ 1260 «« paper »» 14:18

still fighting unchanged for day here 14:19

Exited all Long ES at 1260 --> 0 «« paper »» 14:21

Shorts ES @ 1259.25 «« paper »» 14:23

Covered all Short ES at 1260 --> - 0.75 «« paper »» 14:26

Buys ES @ 1260 «« paper »»

Volatility spike 14:27

Exited all Long ES at 1258 --> - 2 «« paper »» 14:29

Shorts ES @ 1258 «« paper »»

huge whipsaws

<manto> azu whaich instrument u look at for the vol bars ? 14:30

<+manto> to get a feel for the volatility

sorry szu 14:31

<+szubaark> ES

<+rickf> i hate ranging markets :( 14:33

<+szubaark> Covered all Short ES at 1259.25 --> - 1.25 «« paper »» 14:35

Buys ES @ 1259.25 «« paper »»

Exited all Long ES at 1257.50 --> - 1.75 «« paper »» 14:40

Buys ES @ 1257.50 «« paper »» 14:43

just creeping lower, tick by tick 14:47

<+DJ> 1256 would form a double bottom today

<+szubaark> also, 3pm approaching, perfect scenario 14:48

<+DJ> sorry triple bottom

there was a very early, pre-session low at that level

<+rickf> k all i'm outta here for a week or so. good trading, everyone! 14:51

<+szubaark> bye rick

<+DJ> thx

have a good trip

last sig vol on ES was 25 minutes ago 14:54

<+Awash> Lets see if we can set a new low 14:59

<+DJ> yes

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, intermarket analysis with a money back guaranteed policy...click here.

Trading Strategies ->   Strategies used by NihabaAshi, from entry to exit, exploit inefficiencies in the price action for profits of the following trading instruments via WRB Analysis and Intermarket Analysis: Emini Index Futures (EMD, 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), COMEX Metals Futures (GC), Forex Currencies (EurUsd, EurYen, UsdCdn), Exchange Traded Funds (DIA, GLD, OIH, IWM, QQQQ, SPY, XLE) and Hang Seng Index Futures (HSI)

<+JimL> a ton of contracts have moved thru er2 since 2xtop @ 14:00, somethings bound to happen 15:02

<+DJ> ty

9000 contracts in a minute on es 15:06

<+szubaark> slow, controlled, down creep 15:12

<+Awash> it looks like the range is set 15:21

<+starglazer> ER2 omgwtfbbq 15:25

<+Awash> Covered all ES Short @ 1259 --> + 7 15:27

<+szubaark> nice 15:28

<+Awash> Covering all shorts, will reenter tomorrow or in overnight session, i was anticipating we would close a lot lower than the morning LOD

sell limit to enter short ES @ 1266

will post trade if i get filled overnight

<+DJ> ty 15:29

<+Awash> good night all, have to take off and run errands 15:36

<+DJ> gn

<+Awash> i'll chat tomorrow

<+DJ> and ty

<+Awash> all fills will be posted

<+DJ> grt

<+Awash> tomorrow

<+szubaark> Exited all Long ES at 1257.50 --> 0 «« paper »» 15:38

Shorts ES @ 1257.50 «« paper »»

* Awash is now known as Awash_afk 15:39

<+szubaark> Covered all Short ES at 1259 --> - 1.5 «« paper »» 15:40

Buys ES @ 1259 «« paper »»

bastids faking

<+DJ> 700 is good res point for er 15:44

<+szubaark> Exited all Long ES at 1258] --> - 1 «« paper »» 15:46

Shorts ES @ 1258 «« paper »»

last trade,killer whipsaws

would be nice if they tank this, need the frikin points 15:51

In hindsight, my last trade should have been at 11:50 AM Eastern time 15:52

<+DJ> gn

<+szubaark> Covered all Short ES at 1260 --> - 2 «« paper »» 15:57

today was some of the worst chop ive seen in a while 16:00

<+starglazer> i agree 16:06

the ER2 was the one to trade

<@X> #FuturesTrades Info -> No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended without their permission. More info at www.thestrategylab.com/FuturesTradesChat Room.htm 16:19

<+werner> gn all 16:28

#FuturesTrades Info -> Close: Tue Jul 22 00:00:00 2008 22:31

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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 EMD, ER2, ES and NQ

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 and ZG

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.