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#FuturesTrades July 30th Monday 2007 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+16.20	+258.00	+1946.50
$1,620	$25,800	$194,650

No Key WRB S/R Zone

click on image to view actual size

Current Performance Record

Today's 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: Mon Jul 30 09:27:05 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

<PapaJon> looks like a quite day.. newswise

<Brutus> GEN: On The Fly: Asian Markets Wrap-Up for Monday, July 30th - Asian markets reversed losses, driven by an increase in industrial production in South Korea and positive earnings reports in Japan, that offset concerns of weak U.S. housing data... JAPAN: Shares gained, reversing early losses as the Nikkei 225 closed modestly higher, up 0.03%, to 17,289.30; the Topix gained 0.35%, to close at 1705.71 09:28

Source: Fly on the wall

<AusTrader00> Long! 09:30

<base> GM all

<AusTrader00> GM!. 09:31

Interesting day.

No news.

Greed will push up market.

:P

<jperl> ER2 bouncing off 1yr 1st StdDev below VWAP as seen here.... 09:32

http://charts.dacharts.com/2007-07-30/JP ERL_014.jpg

<AusTrader00> cover half... long.

<Awash> good morning 09:34

<AusTrader00> GM awash.

<Awash> Howyd

howdy

<AusTrader00> Great... u? 09:35

<Awash> fantastic

<ripsboy> gm all... 09:36

<NihabaAshi> Good morning all.

<AusTrader00> will we get gap fill?

GM Nihaba.

<pat255> gm niha

L 61 es.. 09:43

stop b/e

:( 09:44

<doublejay> pc problem, back again after reboot... 09:49

<Brutus> Technical Moving Averages 09:50

50-Day 200-Day

S&P 1520 1448

Dow 13582 12748

NASDAQ 2616 2486

<jperl> ER2 StdDev is 21 ticks and it's not even 10:00 EST yet 09:54

<Brutus> Was a good long entry Pat 09:58

Shorts ES @ 1468.5 «« paper »» 10:03

exit stop set ES @ 1470 «« paper »»

<NihabaAshi> Long ER2 @ 780.60 -> small size 10:10

<Brutus> Covered ES Short @ 1470 --> - 1.5 «« paper »»

<NihabaAshi> 1 contracts only...had an order entry problem (wanted a large size) around the 780.00 price area :(

Exited ER2 Long @ 781.00 --> + 0.4 10:12

Long ER2 @ 781.40 -> small size 10:14

<Brutus> Shorts ES @ 1470 «« paper »»

<NihabaAshi> 3 contracts only

<Brutus> exit stop set ES @ 1471 «« paper »» 10:15

<NihabaAshi> I got some position size problems with my order entry...most likely due to the overnight updates I made :(

Will shut down here soon and do a reboot so I can reset my customized defaults. 10:16

<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)

<NihabaAshi> Exited 2/3 ER2 Long @ 783.40 --> + 2 10:17

<Brutus> Covered ES Short @ 1471 --> - 1 «« paper »»

WRB Analysis

Learn More

<venedom> gm 10:20

<jperl> conflicting data beginning to appear in the volume distributions.... 10:22

so I'm done for now....

trades here....

http://charts.dacharts.com/2007-07-30/JP ERL_015.jpg

<PapaJon> nice goin jp 10:23

<jperl> tx

* sep34 is now known as sep34_away 10:29

<pat255> em u changed your nick..lol 10:30

<PapaJon> no pat.. i think thats a different person 10:31

<pat255> ah ha k...thks

<PapaJon> np

well.. i have to leave for jobsite... only two trades for me 10:34

http://www.veritashomeinspection.com/pj1 .jpg

cya all tomorrow 10:35

<jperl> nice trades Pj

* PapaJon is now known as PapaJon_afk

<PapaJon_afk> thx

<jperl> glad to see someone else...

posting P/L's

<Brutus> NQ touched LOD 11:09

I'm thinking ES is going to test 200 day MA some time today 11:10

<Awash> Brutus, did you post that the 200sMA for ES is 1455? 11:16

<Brutus> SPX 1448 = 1454 or 1455 if you like 11:17

<Awash> k 11:18

ES tapped 1455 overnight

maybe we retest again

<Brutus> 1454 would be nice to get the globex stops, maybe 11:20

07/30/2007 11:35 DJ US Earnings: 2Q Results Up 7.4% Vs 2006, Up 3.4% Vs Views 11:36

http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={fc573 64d-f4e1-4ae3-aebb-2c67548c78f6} 11:37

<NihabaAshi> Shorts ER2 @ 774.10 -> small size 11:43

intuition trade (no pattern signal) 11:44

1 contract only

Covered ER2 Short @ 775.70 --> - 1.6 11:46

Reverse and Enter Long ER2 @ 775.70

3 contracts total

* sep34_away is now known as sep34 11:48

<NihabaAshi> Exited 2/3 ER2 Long @ 778.30 --> + 2.6 11:49

Some good volatility showed up...

It took me out for a quick loss but kepted me in the price action for a good profit. 11:50

<Brutus> Nice rally, maybe just to clean ou the shorts, If it breaks 1460, I know what I will be looking for 11:54

<NihabaAshi> I think we're going to see some chop because Bush is giving a speech right now. 11:58

<Brutus> 07/30/2007 11:57 *DJ Bush, UK's Brown Pledge To Seek Conclusion Of Doha Talks 11:59

07/30/2007 11:53 DJ OIL FUTURES: Nymex Crude Falls From 1-Yr High,Led By Gasoline

<NihabaAshi> Exited Remainder ER2 Long @ 776.40 --> + 0.7 12:00

:( 12:01

* codehead_afk is now known as codehead 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) 12:22

<pdays> Shorts ER2 @ 777.6 12:45

Covered all ER2 Short @ 777.3 --> + 0.3

<NihabaAshi> ER2 volatility dropping fast... 13:03

I'm expecting a volatility spike here soon (up or down).

Long ER2 @ 782.70 -> small size 13:04

2 contracts only 13:05

Not expecting much out of this trade

Exited 2/3 ER2 Long @ 784.20 --> + 1.5 13:06

Got about 12 ticks more than I expected

Exited Remainder ER2 Long @ 783.00 --> + 0.3 13:13

Shorts ER2 @ 783.50 -> small size 13:20

1 contract only 13:21

:( 13:29

Just lost my data 13:30

<pat255> :(

<Jul55> oh no...

<pat255> dang hard to trade from office ...

<NihabaAshi> Covered ER2 Short @ 781.00 --> + 2.5 13:31

<pat255> vn

<intowin> Long ES @ 1469.50 13:35

Exited 1/2 ES Long @ 1471.50 --> + 2 13:41

Exited all ES Long @ 1472.50 --> + 3 13:43

<NihabaAshi> Be right back...gotta do a reboot.

Nice trade intowin.

<intowin> ty

* DisconnectedSession Close: Mon Jul 30 13:43:42 2007

Session Start: Mon Jul 30 13:56:19 2007Session Ident: #futurestrades

* Now talking in #futurestrades 13:56

<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTra desChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrad es.htm

<Brutus> 07/30/2007 13:50 DJ OIL FUTURES: Nymex Crude Steady Near $77; Demand Fears Ease

<NihabaAshi> Shorts ER2 @ 785.50 -> small size 13:57

1 contract only

Covered ER2 Short @ 785.60 --> - 0.1 14:01

Couldn't read the price action soon after my entry. 14:02

Shorts ER2 @ 785.30 -> small size 14:06

Missed entry (it moved too fast) at 786.00

volatility spike :( 14:08

Covered ER2 Short @ 786.70 --> - 1.4 14:09

Reverse and Enter Long ER2 @ 786.70

2 contracts on the Long

Exited all ER2 Long @ 787.20 --> + 0.5 14:11

Long ER2 @ 787.30 -> small size 14:13

2 only

Exited all ER2 Long @ 787.40 --> + 0.1 14:15

Long ER2 @ 787.90 -> small size 14:17

2 only

Volatility dropping again. 14:18

Exited all ER2 Long @ 787.00 --> - 0.9 14:19

<pat255> lot of pickpockets now .. 14:21

<intowin> 1474 es would be a nice gift 14:22

<NihabaAshi> Long ER2 @ 787.70 -> small size 14:24

2 only

<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) 14:25

<NihabaAshi> crazy price action again :) 14:27

<pat255> yes ...sudden drops ...

<szubaark> anybody seen eminitrader? 14:28

<pat255> nope

<NihabaAshi> Exited all ER2 Long @ 787.70 --> 0

<intowin> I been out in the Keys for a week. How long has emini been out?

<szubaark> 3-4 days.. thats unusual for him. 14:29

Trading Edge:
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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> Long ER2 @ 787.00 -> small size 14:30

Exited ER2 Long @ 786.50 --> - 0.5 14:32

Reverse and Enter Short ER2 @ 786.50

2 due to the reversal

Covered all ER2 Short @ 787.00 --> - 0.5 14:37

<base> As far as I know, the last message is from Wednesday - 16:41 <eminitrader> thx B

<NihabaAshi> Tough small range to trade...not breaking below nor above its s/r zone :(

Shorts ER2 @ 787.20 -> small size 14:38

Adapting...no longer waiting for a WRB profit target. 14:39

Covered ER2 Short @ 788.00 --> - 0.8 14:40

Reverse and Enter Long ER2 @ 788.00

2 contracts only 14:41

<intowin> Long ES @ 1478.50

<NihabaAshi> Exited all ER2 Long @ 788.70 --> + 0.7 14:42

Geessh...back to that 787.00 price area 14:45

Long ER2 @ 787.50 -> small size 14:49

3 only

<szubaark> ES looks like a fakeout at the highs 14:50

<intowin> agree looking for exit

<NihabaAshi> Exited all ER2 Long @ 788.00 --> + 0.5 14:52

crazy...gotta take those ticks when we have them in this type of price action. 14:53

Long ER2 @ 788.00 -> small size 14:54

2 only

I'm out but will post it in a minute. 14:55

szu...you here? 14:56

<szubaark> yes

<NihabaAshi> My pm window with you is frozen.

<szubaark> hmm..fine here

<NihabaAshi> send me another message 14:57

<szubaark> did

<NihabaAshi> hmmm

be right backSession Close: Mon Jul 30 14:57:44 2007

Session Start: Mon Jul 30 14:57:51 2007Session Ident: #futurestrades

* Now talking in #futurestrades

<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTra desChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrad es.htm

<szubaark> be right back.... 14:59

<NihabaAshi> late post (in pm with someone)...

Exited all ER2 Long @ 788.20 --> + 0.2

that 787 is like a gateway for Longs and Shorts :( 15:01

<intowin> Exited 1/2 ES Long @ 1481.50 --> + 3 15:04

Exited all ES Long @ 1482.75 --> + 4.25 15:06

<Brutus> Nice trade IT

<intowin> ty got out way to early though 1485 shoulda been exit

may take one last stab long with small pb 15:08

<NihabaAshi> Long ER2 @ 789.80 -> small size 15:09

2 only

:( 15:11

Exited ER2 Long @ 789.40 --> - 0.4 15:12

Reverse and Enter Short ER2 @ 789.40

This is the type of volatility that teaches "all you need to know" about Volatility Analysis :) 15:13

Covered all ER2 Short @ 788.90 --> + 0.5

I captured more than expected via a WRB when I only want 2-3 ticks. 15:14

Long ER2 @ 789.40 -> small size 15:19

I think I'll call this my last trade of the day after trying to do such several trades ago :)

Exited all ER2 Long @ 790.00 --> + 0.6 15:20

Almost caught 790.30

<intowin> Long ES @ 1482.75 15:23

<ItalianSharp> if markets begin to rally again, the fun we've had over the last week of trading might soon be over...:((

it's amazing how market conditions change when eminis go up instead of down 15:24

<NihabaAshi> Tomorrow we have some key market events. 15:25

I'm expecting another bronco ride as long as Pres. Bush doesn't show up during the volatility spikes so he can kill it. 15:26

<base> :) 15:41

<intowin> Exited all ES Long @ 1478 --> - 4.75 15:53

<Brutus> ============ U.S. MARKETS ACTION =========== 16:11

DJIA up 87.15 points to 13352.62

NASDAQ up 19.24 points to 2581.48

S&P 500 up 13.62 points to 1472.57

10-year T-note down 12/32 at 97 18/32 yield 4.814

NYMEX Spot Crude down $0.19 at $76.83/bbl at close

Dollar/Euro up 0.0058 at 1.3693

US STOCKS RISE; INVESTORS FOCUS ON CORPORATE EARNINGS

After seesawing much of the day, stocks rise as investors brush off worries about tightening credit that helped spark last week's brutal selling to focus on corporate profit prospects. Home Depot gains 3% and fellow Dow component Boeing advances 2%. DJIA climbs 110 points and Nasdaq advances 27.

Source: DJN 16:12

<werner> gn all 16:20

* DisconnectedSession Close: Mon Jul 30 16:28:16 2007 16:28

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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

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Don't hesitate to ask your questions and we'll reply back as soon as possible.