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#FuturesTrades July 31st Thursday 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)

click on image to view actual size

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: Thu Jul 31 00:00:00 2008Session Ident: #FuturesTrades

#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 08:59

<DJ> gm 09:04

<tzar> gm dj 09:05

<+DJ> quite a drop in ES and ER this morning 09:12

<+tzar> where is es at

<+DJ> 1272.50

<+tzar> not too much 09:13

<+DJ> traded at 1290 earlier today

i missed it

<+tzar> it spent a lot of time there yesterday

oh damn

90

<+DJ> i dilly dallied today 09:14

what are you trading this a.m.

<ItalianSharp> gm 09:16

<+DJ> gm

<Trader> gooooooooooood morning 09:18

<+DJ> gm 09:22

<+tzar> so 09:24

* Awash is now known as Awash_afk

<+tzar> who has what bias

hi awash, szu

<szubaark> hi

<+DJ> gm szu

<Awash_afk> good morning all

<+Trader> gm

<+Awash_afk> brb 09:25

<+tzar> long es 1272.75

<silo> Long ER2 @ 710.60 «« paper »» 09:33

<drt> gm

<+silo> intuition

<Nesi> Long ER2 @ 710.50 09:35

<+Nesi> Long ER2 @ 710.00 -> Add 09:37

<Splurge> gm 09:38

<werner> gm all

<+Nesi> Exited 1/2 ER2 Long @ 711.60 --> + 1.6 09:41

<PapaJon> gm all

<+Nesi> Exited Remainder ER2 Long @ 712.50 --> + 2 09:42

<pat12> vn

<+Nesi> Shorts ER2 @ 712.30 09:43

Shorts ER2 @ 712.60 -> Add 09:44

<+silo> Exited all ER2 Long @ 713 --> + 2.4 «« paper »»

<+Nesi> Covered all ER2 Short @ 713.00 --> - 1.1 09:48

Shorts ER2 @ 713.00 09:49

Shorts ER2 @ 715.40 09:51

add

<+szubaark> Shorts ES @ 1281 «« paper »» 09:52

<+silo> watch out

gap fill

nq filled morning gap

is now above

er2 is close

es lagging a bit behind

<kantor> GM All 09:53

<+silo> 718.4 is a resistance 09:54

<+szubaark> Covered all Short ES at 1279 --> + 2 «« paper »» 09:57

<+silo> Shorts ER2 @ 715.40 -> medium size «« paper »» 10:00

<+szubaark> intuition? 10:02

<+silo> no

not really

but it was an early entry

<+Nesi> vn

<+silo> still not sure if it will work out though 10:03

waiting for confirmation

getting there 10:04

:)

Covered all ER2 Short @ 716 --> - 0.6 «« paper »» 10:07

just to be safe

<+szubaark> looks like a shakeout 10:08

Shorts ES @ 1277 «« paper »» 10:09

* Awash_afk is now known as Awash 10:15

<+silo> Long ER2 @ 718.70 -> small size «« paper »» 10:24

Exited all ER2 Long @ 720 --> + 1.3 «« paper »» 10:33

+3.1 pts today so far

* subq --market profile charts for today-- http://www.charthub.com/chart/search/mpc hart 10:44

<+szubaark> Tight Range 10:45

Covered all Short ES at 1284 --> - 7 «« paper »» 10:55

:((

Buys ES @ 1284 «« paper »»

<baxwill> Silo, making nice trades 10:57

<@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 11:02

<silo> missed a perfect short :( 11:29

<+DJ> me 2, on phone as usual 11:36

<+szubaark> Exited all Long ES at 1275.25 --> - 8.75 «« paper »» 11:52

Buys ES @ 1276.25 «« paper »» 11:54

* codehead_afk is now known as codehead 12:01

<+szubaark> Exited all Long ES at 1276 --> - 0.25 «« paper »» 12:09

Shorts ES @ 1275 «« paper »» 12:11

<+silo> Shorts ER2 @ 713.50 «« paper »» 12:12

<+Awash> ES about to touch LOD 12:18

<+szubaark> Covered all Short ES at 1271.25 --> + 3.75 «« paper »» 12:20

Buys ES @ 1273.50 «« paper »» 12:33

Exited all Long ES at 1273.50 --> 0 «« paper »» 12:41

Shorts ES @ 1275.25 «« paper »» 12:44

Covered all Short ES at 1276.25 --> - 1 «« paper »» 13:02

Shorts ES @ 1274.75 «« paper »» 13:04

<@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 13:05

<+szubaark> Covered all Short ES at 1279 --> - 4.25 «« paper »» 13:16

Shorts ES @ 1278.50 «« paper »» 13:17

<+Trader> if there is a big move before the market open, do you look for a 50% retracement off of that move or only moves which happen during nowmal trading (9:30-16:15)?

<+Awash> for me, between 8:30 and 3:15CST 13:19

<+Trader> thanks

so you ignore everything outside of normal hours

<+Awash> generally yes

for this type of setup

Also, i almost never look at yesterday's data to calculate pullbacks for today either 13:21

<+Trader> I mean today before the market opened there was a big move down. 13:22

<+Awash> oh yeah, i know what you meant, i was just giving additional feedback 13:23

<+szubaark> Covered all Short ES at 1278.50 --> 0 «« paper »» 13:41

Buys ES @ 1278.50 «« paper »»

<peterpanboy> gm to eveyone 13:44

<KN-SR> this room is as dead as it gets 13:45

<+KN-SR> surprising......!?! 13:46

<+szubaark> Exited all Long ES at 1278.25 --> - 0.25 «« paper »» 13:47

<BigDawg291> hey kn, this has gotten dead, i havent been here for the last couple weeks and came back today to notice hiw dead it is

<+szubaark> Shorts ES @ 1278.25 «« paper »»

yeah,impossible to make a buck

<+KN-SR> hahaha

why is that?

impossible?

<+BigDawg291> KN, what do you see happening with the markets?

<+KN-SR> 97 next 13:48

as i told u 3 days back i think :0

:)

<+BigDawg291> lol

well i wasnt here lol 13:49

<+KN-SR> well, how about if i tell u that

<+BigDawg291> ok :)

<+Trader> KN you also said that we will go down first to 1180

<+KN-SR> yes

but dont think about the "first" :) 13:50

i m not a GOD

<+BigDawg291> lol

<+KN-SR> i have my fair share of mistakes :)

<+Trader> OK you are forgiven

<+KN-SR> lets see if i can surprise u a bit

<+BigDawg291> lol

<+Trader> how is the vacation?

<+peterpanboy> no kidding here KN,do not try to mask you are GOD :) 13:51

<+KN-SR> what if i tell u that u can actually predict the direction of s&p very close......

atleast 12 months ahead of time

<+BigDawg291> i need my good streak to come back, may and june were awesome and july i sucked at trading

<+KN-SR> :)

<+peterpanboy> you drink too much... :)

<+KN-SR> :) 13:52

how about i prove it

<+BigDawg291> lol

<+KN-SR> if i can

then what?

:)

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)

<+peterpanboy> Ok very good for me if I can get some of your knowlege 13:53

<+KN-SR> by the way, i dont drink or smoke :)

<+peterpanboy> thats good

<+KN-SR> well i had a plan to post something on that......

and just posted one

in the forum

<+peterpanboy> my eyes and ear open

<+KN-SR> http://thestrategylab.com/forum/index.ph p?board=3.0 13:54

try the exit strategy last post

<+peterpanboy> Kn I read everything 13:55

in hurry

I go in detail now

<+KN-SR> it will be there :0 13:56

:)

take ur time.........

<+peterpanboy> this have logic, times ago I try investigate in that direction

infact us and any market have some connections with house market and money avaiable around 13:57

<+KN-SR> yes

<+peterpanboy> thanks again for posting KN

<+KN-SR> but this will allow u 12 months

:) 13:58

uw

<+peterpanboy> any tip is well accept

<+KN-SR> hello Andy 14:00

<+peterpanboy> hi Andy 14:01

<+KN-SR> hum 14:10

m

well, if this room is like this.......i m out of here.....ENJOY :0 14:11

<+codehead> brutal oil drop 14:20

<tim_a1> hard chop market 14:28

<+szubaark> Covered all Short ES at 1278.25 --> 0 «« paper »» 14:32

this market is so much fun lately :)) 14:33

<+tim_a1> it's on the underside of 50 month avg for spx and indu

very close test in last 24 hrs, that's my take 14:34

resulting in violent fakes in all directions

<+szubaark> Shorts ES @ 1278.75 «« paper »» 14:35

Covered all Short ES at 1281.75 --> - 3 «« paper »» 14:42

Buys ES @ 1281.75 «« paper »»

cmom 1291!!!

* Awash is now known as Awash_nap 14:45

<+szubaark> Exited all Long ES at 1278.75 --> - 3 «« paper »» 15:05

Shorts ES @ 1278.75 «« paper »»

<+tim_a1> speaking of violent fakes 15:16

violent indecision is what it probably is 15:17

and the correlation to oil is becoming less clear

<+szubaark> got about 3 l3v3ls of Support before any real selling would come in

<+tim_a1> i think weak oil is starting to be seen as weakness in the economy as much as it is releif 15:19

<+szubaark> lets see if they make new lows 15:33

<+werner> gn all 15:34

<+szubaark> Covered all Short ES at 1267.75 --> + 11 «« paper »» 15:48

that makes up all the loses i had

ahh,ok last half hour DUMP 15:50

<@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 17:14

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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.