#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 25th Wednesday 2007 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+33.50	+219.30	+1907.80
$3,350	$21,930	$190,780

Pattern Signals and Profit Targets

809.70 - 807.50

Profit Targets Only

823.50 - 821.70

click on image to view actual size

Current Performance Record

July 26th Thurs WRB S/R Zone(s)

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 especially if your a struggling trader or a trader not reaching your profit goals.

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: Wed Jul 25 09:27:07 2007Session Ident: #futurestrades

* Now talking in #futurestrades 09:27

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

<eminime68> morning Niha

<Awash> morning all 09:30

<NihabaAshi> Hi eminime and all.

<Awash> Shorts ES @ 1530 09:32

<Ashy> gm 09:33

<venedom> gm 09:34

<NihabaAshi> Volatility very low for ER2.

Will keep my position size small due to the volatility concerns. 09:35

<RussellDaytrade> closed the bulk of my longs in the overnight and preopen seesion for a small and managable loss, still long one as the core for another go-round...

<base> GM all

<NihabaAshi> Shorts ER2 @ 821.40 -> small size 09:36

2 only

<RussellDaytrade> all and all, I am satisfied that I executed my plan yesterday as per plan, and while it may not have paid off in pft's, thats the way they work sometimes...

<doublejay> gm all

<RussellDaytrade> and the greater good for me was in remaining strong in my resolve to particiapte in a measured way 09:37

mkt has both met and exceeded my targets at the open and before 09:38

<venedom> stick to the plan russ 09:39

<NihabaAshi> Covered all ER2 Short @ 822.30 --> - 0.9

<venedom> they want to make yesterday loss? 09:40

the mkt I mean

<Awash> Shorts ES @ 1530 -> Add

<NihabaAshi> Shorts ER2 @ 823.00 -> small size

<pat255> gm all ..late & @office

<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) 09:43

<venedom> numbers today?

<eminitrader> Shorts ES @ 1530.75

<Awash> nice price Emini

<NihabaAshi> Shorts ER2 @ 823.40 -> Add

<Brutus> 1000/1400 Jun Existing Home Sales

Total Sales -0.3%

1030/1430 Jul 20 US Energy Dept Oil Inventories

Crude Oil Stocks (in barrels) -500K

Gasoline Stocks (in barrels) -2.3M

Distillate Stocks (in barrels) -200K

1400/1800 Jul Beige Book

<eminitrader> was actually waiting for 31.75 09:45

<venedom> ty B

<szubaark> Good.

<venedom> I was not here yesterday so I was not understanding 09:47

<jperl> ER2 keeps tickling yesterdays VWAP 823.16

<pat255> k..niha 09:50

<venedom> ok

<Awash> what's the bid price on ES? needed to logout of trading program

<Brutus> 1530.5

<NihabaAshi> Covered ER2 Short @ 824.20 --> - 1.2 09:51

Reverse and Enter Long ER2 @ 824.20

<pat255> L 30.5 es

<NihabaAshi> 3 contracts and I need to dump it fast

<pat255> no man land here 43-45 may reach 09:52

<NihabaAshi> Exited all ER2 Long @ 825.20 --> + 1.0 09:53

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)

<venedom> bonus 4 u

<pat255> bulls cant wait too get going 09:57

<venedom> they want to get back yesterday loss pat 09:58

<Brutus> YM is weak vs ES

<pat255> looks like 09:59

<jperl> ER2 flirting with yesterdays VWAP again 823.21

<NihabaAshi> Shorts ER2 @ 823.20 -> small size 10:00

<eminitrader> Covered 1/2 ES Short @ 1528.25 --> + 2.5

thats +3 avg 1531.25

<ItalianSharp> jees...my esignal platform just froze 10:01

anybody else having issues?

<venedom> ok here IT

<ItalianSharp> ok, prices are back...

this is the first time esignal freezes on me during the news in 2 years 10:02

<Awash_break> test 10:03

<NihabaAshi> Shorts ER2 @ 822.60 -> Add

<venedom> it wa sok hgere IT

<NihabaAshi> Covered 1/2 ER2 Short @ 821.00 --> + 1.6 10:06

<venedom> n1 and exact math 10:07

* Awash_break is now known as Awash 10:10

<werner> gm all 10:16

<eminitrader> Covered 1/3 ES Short @ 1526.25 --> + 4.5 10:21

<szubaark> nice emini 10:22

<eminitrader> thx szu..

<NihabaAshi> Covered ER2 Short @ 818.80 --> + 4.4

<eminitrader> got my 5

<Awash> Covered 1/3 ES Short @ 1525.25 --> + 14.75

<NihabaAshi> Holding 1 contract remainder

<eminitrader> holding 2 ...hoping for a tenner :) 10:23

<Awash> wrong price, Exit 1/3 ES from initial short of 1530, + 4.75 points

got my 5 pointer too

<eminitrader> nice shorts all

<NihabaAshi> Trading much easier when I don't have to spend any time and energy to "moderate" #FuturesTrades because to do so is a distraction.

In addition, if doing such cost me money...someone will pay the price too :) 10:24

Someone did!!!

<eminitrader> ;0

<pat255> lol

<Awash> :0

<NihabaAshi> ER2 looks like its trying to figure things out after it fill in the overnight GAP. 10:28

<jperl> ER2 hovering at the 2 month -3rd STdDev 817.78 10:29

<eminitrader> Covered ES Short @ 1524.25 --> + 6.5 10:30

holding 1

<NihabaAshi> I'm still holding my Short remainder via a "wait n see" due to the 1030am est EIA Petroleum Status Report. 10:31

Oil futures dropping...GOLD is down...

Looking for the Eminis to drop a little lower.

<jperl> Next Hold up price 815.51..... 10:32

1 week -2nd STdDev

<NihabaAshi> Eminis won't bounce with other key markets dropping.

Rarely can the Eminis counter-thrust against such. 10:33

<eminitrader> Covered Remainder ES Short @ 1521.25 --> + 9.5

got my tenner :))

<Brutus> Very nice e in record time to 10:34

<szubaark> Nice emini!

<Awash> Covered 1/3 ES Short @ 1520.25 --> + 19.75

<venedom> e wow

<eminitrader> thx B ...right didn't expect it so soon

<NihabaAshi> Covered Remainder ER2 Short @ 814.50 --> + 8.7

<eminitrader> excellent shorts all :))

<NihabaAshi> good trading all

<base> Very nice calls. :)

<Awash> Exit 1/3 ES Short at 1520.25 from initial entry at 1530, + 9.75 10:35

my first tenner

<NihabaAshi> I got 7 points more than my initial profit goal :)

<Awash> talk about patience

<eminitrader> :))

<ripsboy> butt kicking trade emini & niha

<base> Niha :) 10:36

<eminitrader> thx rb

<Awash> Nice Niha and everyone

<eminitrader> yest lows shld hold...high probability will see a bounce back today ...maybe new highs 10:38

<NihabaAshi> #FuturesTrades New Password -> New password beginning July 27th Friday will be posted tonight @ http://thestrategylab.com/forum/index.ph p?board=39.0

<Awash> E, you don't think the aggressive shorts will attempt a push to June lows? I do realize this area (PDL) is july lows and will be critical S 10:39

<eminitrader> just got this ------Currently, we are experiencing an issue with GLOBEX. During this time, orders will not be able to be routed to GLOBEX.

TS customers only i guess

<NihabaAshi> If your not a registered member of #FuturesTrades...you won't be able to access that password until you join the discussion forum and follow the #FuturesTrades access instructions at http://www.thestrategylab.com/FuturesTra desChatRoom.htm 10:40

<eminime68> I couldn't execute trades on Tradestation

anyone has similar problems?

<pdays> yes..it's all messed up 10:41

<eminitrader> my daily shows solid pa support near yest lows A...thats the reason for my bullishness

<NihabaAshi> Someone else in another room said there's problems with TradeStation this morning.

<eminitrader> just got it now niha..

was ok ...in the am

maybe pbs pre mrkt

<eminime68> Tradestation was flooded with calls to their trading desks....I have to wait almost 5 mins 10:42

<eminitrader> even if we dont see a bounce today ..maybe in a day or two ...if mrkt is range bound 10:43

<Awash> k

<jperl> My gut tells me we will break yesterday low @ 812.80

<Brutus> looking for a bounce on this last push

<eminitrader> and we have the months low here as u said

<Awash> i'm speculating we'll retest June Lows, but before we do, we need to take out 1515.25 convincingly 10:44

<eminitrader> whats june lows

<Awash> 1492

<eminitrader> k ...

cld be so A

<Awash> non stop selling since the highs 10:45

not one pullback

<eminitrader> true

<jperl> bye bye yesterdays low

next stop 808.97

<eminitrader> looking like a easy 20 if we had held :))

or rather :(( 10:46

<base> The price was lower as far as on 04/01.

<Brutus> Long ES @ 1514.5 «« paper »»

<eminitrader> wow B ..i thght i had B***S

<Brutus> Exited 1/2 ES Long @ 1515.5 --> + 1 «« paper »» 10:47

Exited ES Long @ 1514.5 --> 0 «« paper »»

<base> The low of those days was at 804.70 (03/29) 10:48

<jperl> whole bunch of Hold up Prices around 808

<eminitrader> SP now @ support @ 1505

shld see a bounce around here 10:49

<Awash> ES thru PDL's convincingly

<eminitrader> prolly the beige book will do it

<Brutus> Long ES @ 1510.75 «« paper »»

<jperl> If ER2 gets there, it should take one huge dead cat bounce

<Brutus> exit stop set ES @ 1508 «« paper »»

<base> jperl :)

<eminitrader> prolly too early to buy 10:50

<Brutus> Exited 1/2 ES Long @ 1513.75 --> + 3 «« paper »»

<eminitrader> nice ct B

<base> Yeah, nice one. 10:51

<Awash> anybody watching a specific pullback point?

<jperl> Here is the 1 year VWAP chart for ER2....

<eminitrader> 1520-1523.50

<base> For me, locally, ER2 is at its S1.

<jperl> you see how we are approaching the VWAP @ 804.50....

http://charts.dacharts.com/2007-07-25/JP ERL_0128.jpg 10:52

<base> jperl: You was right yesterday.

<jperl> Being right is fine....trading it is something else

<Brutus> Exited 1/4 ES Long @ 1515.75 --> + 5 «« paper »»

<base> jperl: sure 10:53

<venedom> b nice

<eminitrader> nice bounce of SP support

globex back for TS

<venedom> Shorts ER2 @ 812 10:54

<Brutus> Dax d6wn 1.6% watch it for a rally 11 to 11:30

<venedom> Covered all ER2 Short @ 811 --> + 1

<jperl> didn't trade all my prognostications this morning.... 10:55

http://charts.dacharts.com/2007-07-25/JP ERL_0129.jpg

whem markets plow through 3rd stddevs.... 10:56

I tend to freeze....and do nothing

<Brutus> I didnt get a fill ofn the first long but did on the 2nd. MB tradign quotes lag 10:57

From my limited memory, severe morning selloffs have a very good bounce 10:58

Exited all ES Long @ 1518.75 --> + 8 «« paper »» 11:00

<eminitrader> nice one B

<base> wow :)

<Awash> nice B

<szubaark> go B

<Brutus> the guys

any gals here?

the = thx 11:01

Best thing about parabolic moves is that trend lines work great :) 11:02

<base> Brutus: Some chart shots? :) 11:04

<Awash> Shorts ES @ 1521.75

<Brutus> cant do it on this computer base but I use the 6 sec chart for entry 11:05

<base> Quite fast chart. 11:06

<Awash> Shorts ES @ 1522.50 -> Add

<Brutus> Shorts ES @ 1522.5 «« paper »» 11:07

<eminitrader> Shorts ES @ 1523.25

the rapid climb was the reason i waited for the uppermost line of res 11:08

<base> 50% retracement 11:09

<eminitrader> Covered 1/3 ES Short @ 1521.25 --> + 2

<eminime68> what time frame charts do you guys use?

<base> This often works, because some trading systems are rellying on this. 11:10

<eminitrader> if the Q was for me ...set-ups r from 3 min 11:11

<base> eminitrader: 5m for main trend overview, 1m for detailed and executions, 15m for trading another methods, daily for a global look ... sometimes others.

The reply was for eminime68, of course. 11:12

<eminime68> thanks

<base> You are welcome 11:13

<Brutus> Covered ES Short @ 1521 --> + 1.5 «« paper »»

* Awash_break is now known as Awash 11:14

<Awash> where's ES trading at?

<szubaark> 1521

<Brutus> 1521.5

<Awash> just had a major windows crash

<Brutus> 1520

<Awash> twice this morning 11:15

<Brutus> 1519

<Awash> installed new memory last night and my computer is going bananas

<eminitrader> Covered 1/2 ES Short @ 1518.25 --> + 5 11:16

holding 2

<jperl> ER2 Standard Dev is a huge 44 ticks this morning....

There's a lot of money to be made with that large a volatility....

<Brutus> 1517 was the low, guess I got out to early

<jperl> but the risk is also huge as well

<eminitrader> [10:51:41] <eminitrader> 1520-1523.50.....was to the tick :))...nice trading shorts 11:17

<Awash> yep

<eminitrader> Covered ES Short @ 1516.25 --> + 7 11:18

holding 1

<Awash> Covered 1/2 ES Short @ 1517 --> + 5.5 11:19

<eminitrader> u got that right ..[11:16:51] <jperl> There's a lot of money to be made with that large a volatility....

<Brutus> nice guys, e you doing size with this volatility? 11:20

<eminitrader> my last trade ...see u later ..may have a go @ 2:30 - 3 pm 11:21

<Awash> k

<eminitrader> exit stop moved to breakeven ES @ 1523.25

<Awash> i'm forced to trade continuously

exit stop lowered ES @ 1521.75 11:22

Covered all ES Short @ 1520 --> + 1.75 11:25

<Brutus> pull up by the DAx 11:26

<Awash> Shorts ES @ 1523.75 11:28

<Brutus> Shorts ES @ 1524.5 «« paper »» 11:31

Covered ES Short @ 1524.5 --> 0 «« paper »» 11:33

<Awash> what do you all think of this area? 11:43

the bulls are trying to make a push, but the bears are trying to make a stance

Covered all ES Short @ 1525.50 --> - 1.75 11:44

<werner> reboot 11:45

<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) 11:46

<NihabaAshi> Long ER2 @ 814.90 -> small size 11:57

<Brutus> ER fromed a wedge 11:58

Watch volume on breakout 11:59

<NihabaAshi> It's trying to shake me out of a very good price action setup to the upside :( 12:00

Will re-enter at a lower price if I get shaken out instead of ADDing 12:01

Exited all ER2 Long @ 814.40 --> - 0.5 12:02

:(

Long ER2 @ 814.20 -> small size 12:04

3 contracts and prior trade was 2 contracts. 12:05

Exited ER2 Long @ 813.30 --> - 0.9 12:07

Reverse and Enter Short ER2 @ 813.30

<Brutus> calasic breakout from wedge on volume, no I did not trade it :) 12:09

<NihabaAshi> Tough price area here...should be a battle for a new support zone.

I got Oil supporting my Short but 12:10

Gold seems hesitant to join in the drop.

Ignore my Gold commentary...my Gold charts are dead :( 12:12

Data problems.

<Brutus> Es is well supported on every drop from 11, could be a late day rally instore

<NihabaAshi> Covered all ER2 Short @ 812.70 --> + 0.6 12:15

Long ER2 @ 813.30 -> small size 12:16

4 contracts and then I go to lunch for a needed break from trading 12:17

I failed to exploit an entry in the 812.60 price area for that Long. 12:18

Time for a break.

Exited all ER2 Long @ 813.10 --> - 0.2 12:20

Be back later and hopefully with a better mental game plan. 12:21

* NihabaAshi is now known as NihabaAshi_away

<Brutus> 07/25/2007 12:55 *DJ OIL FUTURES: Nymex Crude Hits $75 As US Stockpiles Fall 12:56

<eminime68> nothing new about the oil report 12:57

soon we will see Crude oil hits $100 12:58

* NihabaAshi_away is now known as NihabaAshi

<Brutus> yep

<pdays> crazy...i paid 2.69/gal unleaded this AM 13:01

<NihabaAshi> Shorts ER2 @ 812.80 -> large size

Geesh 13:02

<Brutus> Since 11 ER still in a declining wedge

<ItalianSharp> anybody else missing two intervals in YM 2min chart between 12.52 and 12.56? 13:05

<NihabaAshi> Covered all ER2 Short @ 813.40 --> - 0.6 13:06

<eminime68> your timing is off today, Niha 13:07

<NihabaAshi> That and I'm seeing ER2 skip through price levels on retraces after my exits. 13:08

Sometimes as much as 3 ticks

Shorts ER2 @ 813.00 13:09

large size

It just did it again.

I have a print of 813.50 and then the next print is 813.80 13:10

Meant 812.50 and then 812.80

<Brutus> 20:20 commentry that was a low vol break out to the upside of the wedge, so a break of the down TL could see a larger move 13:12

But 1400 Beige Book

<NihabaAshi> It jsut printed 812.50 and then 812.20 as the following print.

811.50 than 811.10 13:13

810.60 than 811.00 13:14

:(

<Brutus> ER bouncing at lower TL

* Awash_break is now known as Awash 13:15

<Awash> .

<NihabaAshi> Covered all ER2 Short @ 811.30 --> + 1.7

Shorts ER2 @ 809.30 -> large size 13:18

Weird price drop

<Awash> ES bid? 13:19

<Brutus> 1516

<Awash> k

i just had a major computer meltdown

<NihabaAshi> Covered all ER2 Short @ 809.60 --> - 0.3 13:20

Long ER2 @ 809.40 -> large size 13:22

809.70 then 810.00 13:23

* codehead_afk is now known as codehead

<NihabaAshi> Crazy price action 13:26

810.00 to 810.30

Exited all ER2 Long @ 810.10 --> + 0.7 13:27

WRB Analysis

Learn More

<Brutus> Remove the new RAM A 13:29

<NihabaAshi> Shorts ER2 @ 808.40 -> small size 13:30

<Brutus> 810 was a long term support line in the ER

<NihabaAshi> From a point of view of being prepared for a trade... 13:31

This is my best trade of the day.

Looks like I'm going to get shaken out :( 13:33

Covered all ER2 Short @ 808.40 --> 0 13:34

Long ER2 @ 808.50 -> small size

Long ER2 @ 808.00 -> Add 13:37

total of three with the 2 contract add. 13:38

<venedom> Long ER2 @ 808.3 13:39

exit stop set ER2 @ 807.9 13:40

exit stop moved to breakeven ER2 @ 807.3 13:41

<NihabaAshi> Exited 2/3 ER2 Long @ 809.30 --> + 1.3

<venedom> Exited all ER2 Long @ 809.5 --> + 1.2

<NihabaAshi> Exited Remainder ER2 Long @ 809.10 --> + 0.6 13:42

<venedom> Shorts ER2 @ 809.3 13:43

Shorts ER2 @ 810.2 -> Add 13:44

<Brutus> Last of the wedge commentry, that was a classic hi vol break out at 13:13 to 13:17 and then you see the pull back (low vol) to the lower TL before the final largest leg down at 13:29 13:49

<venedom> Covered 1/2 ER2 Short @ 809.3 --> + 0.9 13:50

<NihabaAshi> #FuturesTrades New Password -> New password beginning July 27th Friday will be posted tonight @ http://thestrategylab.com/forum/index.ph p?board=39.0

Simply, if that link doesn't work for you that means your not a registered member of our discussion forum.

Registration is free at http://thestrategylab.com/forum/index.ph p?action=register 13:51

<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) 13:52

<venedom> Covered Remainder ER2 Short @ 808 --> + 1.3

<NihabaAshi> Next, apply for membership to continue using #FuturesTrades

Via following the instructions at http://www.thestrategylab.com/FuturesTra desChatRoom.htm

Long ER2 @ 808.30 -> small size 13:54

2 only

I'm starting to feel like I'm able to keep up with ER2 weird pace. 13:55

<Brutus> 1513 to 1512 is a value buy area in the ES, I think we are set for a late afternoon rally

1400 Beige Book 13:57

<NihabaAshi> Exited all ER2 Long @ 809.40 --> + 1.1 13:58

See how fast ER2 retraced! 13:59

Tough to trade and had I not exited my Long... 14:00

It would have hit my trailing stop for breakeven extremely fast.

It just sliced through price levels like they weren't even there.

Simply, great volatility but poor price action. 14:01

<Brutus> Long ES @ 1513.25 «« paper »» 14:02

<eminime68> beige book...good or bad???? 14:03

<venedom> 'did you make money in a trade emini?

<NihabaAshi> eminime68...the Beige Book is a great price mover.

<Brutus> exit stop set ES @ 1512 «« paper »»

exit stop set ES @ 1513.25 «« paper »» 14:04

Exited all ES Long @ 1512.75 --> - 0.5 «« paper »» 14:05

<eminitrader> Long ES @ 1512.25

<NihabaAshi> Long ER2 @ 807.00 -> small size

<venedom> fast movs 14:06

<NihabaAshi> 2 only

<eminitrader> 2 PT STOP

<venedom> like it N

<eminitrader> Exited 1/3 ES Long @ 1515.25 --> + 3

exit stop moved to breakeven ES @ 1512.25 14:07

<NihabaAshi> :(

Great entry but sucky price action afterwards. 14:08

<eminitrader> TAKING TOO LONG FOR MY LIKING !!!! 14:09

oops dont mean to offend anyone

clooking more and more like a downmove

<venedom> Shorts ER2 @ 807.50

<eminitrader> Exited 1/3 ES Long @ 1514.25 --> + 2 14:10

<NihabaAshi> Exited all ER2 Long @ 807.40 --> + 0.4

<eminitrader> holding 4

<Brutus> agree e, nice entry

<ItalianSharp> mkts look ready to explode to the upside if new lows arent made soon

<NihabaAshi> It shook me...I was hanging tough with it until it rollover one more time from above 807.60

<venedom> Covered all ER2 Short @ 808 --> - 0.5 14:11

<eminitrader> u read it right but u were a bit too early on this B

<Brutus> as usual

<eminitrader> looks like its building a base

<NihabaAshi> Long ER2 @ 808.80 -> small size 14:12

<eminitrader> :)

<NihabaAshi> Poor entry...will take another trading break after I close this position.

<eminitrader> exit stop raised ES @ 1513.25 14:13

<ItalianSharp> niha, where would you have liked to enter at?

<eminitrader> Exited 1/3 ES Long @ 1517.25 --> + 5 14:14

holding 2

mrkt being good today :)) 14:15

<ItalianSharp> wow emini...is this one of your best trading days?

<eminitrader> 3 rd five pionter of the day

exit stop raised ES @ 1515.25

<Brutus> enough short fuel to give you a 20 pointer e

<eminitrader> not in terms of moolah ...but in terms of pionts yes IS 14:16

<ItalianSharp> wow emini...congrats...looks like niha is due for some nice gains with this long as well...well done guys

<eminitrader> true B ...will hold the remainder

<NihabaAshi> Exited all ER2 Long @ 811.10 --> + 2.3 14:17

Poor entry and I only had a profit target goal of about 5 ticks :)

<jperl> ER2 came within 6 ticks of 1 year VWAP.....

<NihabaAshi> I'll put that trade in my "Lucky Column" :)

<jperl> http://charts.dacharts.com/2007-07-25/JP ERL_0130.jpg 14:18

<NihabaAshi> Be back later.

* NihabaAshi is now known as NihabaAshi_away

<jperl> done for today....trades here... 14:19

http://charts.dacharts.com/2007-07-25/JP ERL_0131.jpg

<eminitrader> will be still in play if 1523-25 is taken out [10:38:37] <eminitrader> yest lows shld hold...high probability will see a bounce back today ...maybe new highs -

<Brutus> e on your entry did you have the order in prior or did you read the order flow/ price at 1312? 14:20

<eminitrader> no B my entries r 99% limit... 14:21

on entries and abt 60% limit on exits

k ..wrong answer 14:22

<jperl> trade summary here....

http://charts.dacharts.com/2007-07-25/JP ERL_0132.jpg

<Brutus> OK thanks

<eminitrader> i posted the order after the 1:33 low on the 3 min...hoping for a retest

<jperl> 10 round trips.....avg profit 0.31 points 14:23

<eminitrader> hoping the beige book volatility wld get me filled

<Brutus> OK So if its not strong support you expect a retest of levels?

<eminitrader> no B ..saw support building up here ...but as experience goes ..before any big ct move the ES always almost does a shake out... 14:24

and with the beige book pending it was picture perfect 14:25

<Brutus> thanks e

<eminitrader> hope this answers ur q B

and the reason for my large size ( 10 ) on a ct was mainlty cause of my bullish bias based on the daily pa 14:26

critical area here ..might see a pullback 14:27

it needs to surge thru for higher highs here

<Brutus> I think best move will after 15:30 if it doesnt lose all support 14:29

<eminitrader> might very well have a nice pull back here

and prolly go thru it on the next try 14:30

but if the pullback carries momemtum ...this

cld be the highs for this ct swing

<Brutus> the volume on the 10:30 hourly bar was 700k (a record?) - so I think its a pivotal area 14:32

<eminitrader> k...dont follow volume myself 14:33

see that was when the lows were set 14:34

so then is the high of that bar of any consequence ? 14:35

<Brutus> dont know the answer to that but that is a bullish hammer on the hourly 14:36

<eminitrader> k thx

dont want to be messed up with the candle stick lingo now :)) 14:37

if i were not long...this wld have been a nice short 14:38

<venedom> Long ER2 @ 810.1

exit stop moved to breakeven ER2 @ 810.1 14:40

<eminitrader> be back 14:41

<venedom> Exited all ER2 Long @ 810.6 --> + 0.5 14:42

to long 14:43

<eminitrader> Exited ES Long @ 1520.25 --> + 8 14:48

holding 1

stop turned out to be perfect ..:))

<venedom> emini nice 1 14:51

you and barry bond for homeruns

<eminitrader> thx v 14:52

<venedom> r u on steroids e?

<eminitrader> todays been good v

and if i get the tenner...wld be the first time a tenner in both directions the same day

looks like new lows if it carries thru ...nice sell signal 14:54

taking out 1521 wld negate this sell...but looks tough 14:58

as of now

<venedom> Long ER2 @ 812.4 -> small size 14:59

Exited all ER2 Long @ 814 --> + 1.6 15:01

<eminitrader> yessssssssssss

exit stop raised ES @ 1522.25

<Brutus> sure to get some tonight

<eminitrader> Exited Remainder ES Long @ 1526.25 --> + 14 15:02

<base> lol :)

<eminitrader> larget gain in a day trade.. 15:03

had a 20 pionter before but was an overnight hold

<venedom> barry bond retire here is the new home run leader

<Awash> nice E 15:04

<eminitrader> thx guys...

<base> I did few very good overnights recently, but not today.

<eminitrader> what makes me even happier is the gainers on both directions short and long

<venedom> you swinging both hands 15:05

<ripsboy> Congrats emini

<eminitrader> thx guys 15:06

it did take out the res area with a large surge :))

<venedom> dow and naz + russ still not 15:07

russell + 15:16

<eminitrader> see u all guys ...good trading 15:18

<venedom> cu E

hod soon? 15:22

<Brutus> After 1530 should see next leg up 15:26

But is has gone up 17 points... 15:27

<Awash> i'm taking off too

* NihabaAshi_away is now known as NihabaAshi

<Awash> later guys

<Brutus> bull flag hitting support? 15:33

no bullish breakout from flag 15:40

* ItalianSharp is now known as ItalianSharp_away

<venedom> c u tomorrow nice day 15:41

<Brutus> Russell 2000 Index-RUT: Technical Alert: Support Levels - Quick note to keep the Russell 2000 200-day MA on the radar (805.54) and the 50-week MA at (792.17). Both are major supports and would signal a trend reversal in progress if broken on a sustained basis to the downside. from FOTW 15:56

From yesterday R2k had a low of 803.14 15:57

<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) 15:58

<Brutus> 07/25/2007 14:31 *DJ OIL FUTURES: Nymex Sept Crude Ends +$2.22 At $75.82/bbl 16:01

07/25/2007 16:01 *DJ Qualcomm 3Q Rev $2.32B Vs $1.95B, +19% >QCOM 16:02

07/25/2007 16:01 *DJ Qualcomm 3Q EPS 47c Vs EPS 37c >QCOM

07/25/2007 16:01 *DJ Qualcomm Boosts FY07 Guidance

<NihabaAshi> Take care all and see all tomorrow. 16:43

Not the smoothest trading day but still a "big" profitable day.

* NihabaAshi is now known as NihabaAshi_away

* DisconnectedSession Close: Wed Jul 25 16:51:28 2007 16:51

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.