#FuturesTrades August 9th Thursday 2007 Trade Log

General Chat Room/Log Info: The above 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: Thu Aug 09 08:58:19 2007Session Ident: #futurestrades
* Now	talking in #futurestrades	08:58
<X>	[NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<NihabaAshi>	The Eminis were under attack in the overnight trading session...geesh.	08:59
	Simply, all the fun started while I was sleeping :(
<pat255>	yeah they took it down when everone is asleep
<Joye>	not me guys i was awake but only watching :-(((	09:00
<NihabaAshi>	Shorts ER2 @ 783.00 -> small size	09:07
	1 contract only
	Geeesh...that was easy :)
	I like it when it drops that fast after my entry.	09:08
<ItalianSharp>	morning niha, morning all
	looks like we are smelling blood early today
<NihabaAshi>	Yep
	Will be a very interesting Open.	09:09
<Joye>	good morning
<NihabaAshi>	I'm doing some "extra" analysis now so that I don't get blind sided after the open.
	Covered ER2 Short @ 782.90 --> + 0.1
	Oh well...good try anyways.
<Joye>	Hi NiHa will today be a big day?	09:10
<NihabaAshi>	If it is...it already started :(
<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)	09:11
<doublejay>	gm all	09:28
	Will yesterday's great moves continue today? :)	09:34
<NihabaAshi>	Shorts ER2 @ 783.20 -> small size
	2 only...looking for a exit around 780 price area	09:35
	Covered all ER2 Short @ 784.20 --> - 1	09:36
	Long ER2 @ 785.10 -> medium size
<base>	GM	09:40
<ripsboy>	good morning all
<NihabaAshi>	Exited 2/3 ER2 Long @ 789.50 --> + 4.4	09:42
	Holding 2	09:43
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)
<szubaark>	Shorts ES @ 1481.50 «« paper »»
<Joye>	Niha whats your SL right now?
<venedom>	gm
<NihabaAshi>	exit stop raised ER2 @ 785.20	09:44
<Joye>	OK thx
<NihabaAshi>	:(
	Price action looking poor again.	09:45
	ER2 needs to hold here or it has a good chance to make new intraday lows.
	Exited Remainder ER2 Long @ 785.50 --> + 0.4	09:46
	got shook out	09:47
<werner>	gm all	09:48
<NihabaAshi>	Oil helping a lot on this counter-thrust upwards but Gold sitting near its lows of the day.	09:50
	Thus, I can't see ER2 breaking out of this price action until Gold joins in.	09:51
	Therefor, I'm changing my game plan...
	No longer going for point...just looking for 2-5 tick profits.
<PapaJon>	gm all
<venedom>	stops r difficult to handle	09:52
<NihabaAshi>	DAX not doing much right now either :(	09:53
<Brutus>	Down 2%, its just waiting for ES :)	09:54
<NihabaAshi>	EuroFX volatility has drop fast...
	Same with ER2...
	Thus, everybody is waiting for something.	09:55
	I'm expecting a volatility spike here soon.
	Shorts ER2 @ 787.90 -> small size	09:57
	Covered ER2 Short @ 790.10 --> - 2.2	10:00
<venedom>	Shorts ER2 @ 791.3 -> medium size	10:01
	Covered 1/2 ER2 Short @ 790.3 --> + 1	10:02
	Covered Remainder ER2 Short @ 791.3 --> 0
<NihabaAshi>	Long ER2 @ 791.20 -> medium size
	4 only	10:03
	Exited all ER2 Long @ 791.50 --> + 0.3	10:05
	Had some problems trying to exit that :(	10:06
<venedom>	have to reconect
<NihabaAshi>	reducing my position size back down to 1 contract again	10:09
	Expecting another volatility spike here soon.	10:10
	Shorts ER2 @ 790.70 -> small size
	Covered ER2 Short @ 790.00 --> + 0.7	10:11
	Joye and Dera...please respond to private message I just sent you...thanks	10:17
	-> [Joye] PING
	-> [dera] PING
<Joye>	can u send it again?I cant see anything
<NihabaAshi>	Just did	10:18
	Joye...did you get the message ?	10:19
	Thanks Joye :)	10:21
* Looking	up dera user info...	10:22
<Joye>	no worries	10:23
<Brutus>	http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={76bcd bff-ffda-4db2-85b3-ea84cfb66170}	10:26
	Dax weak divergence	10:27
<NihabaAshi>	Long ER2 @ 794.80 -> small size	10:29
<base>	EIA release
<NihabaAshi>	I have a little WRB support
<PapaJon>	President Bush about to speak	10:30
	press confrence
<base>	PapaJon: right now?	10:31
<PapaJon>	in a few moments
<NihabaAshi>	Exited ER2 Long @ 796.50 --> + 1.7
<PapaJon>	so.. heads up.. careful out there
<NihabaAshi>	Thanks PapaJon...you know well how much I hate being in a trade when that guy is giving a TV speach that's being followed by the financial networks.	10:32
	That's the reason why I dumped my position.
<PapaJon>	yup.. is why i mentioned it... :))
<base>	PapaJon; Thanks, I had not noticed it.
	:)
<PapaJon>	We take care of our own in here
<NihabaAshi>	Looks like the market is trying to squeeze some more juice out of prices before he shows up on TV.	10:33
<PapaJon>	Bush is on now!
<base>	LOL, yeah, if Bush is going to speak, short everything you can! :)
<PapaJon>	depends on charts base...	10:35
	i just went long a few moments ago
	have exited 2/3	10:36
	1 left
<base>	I am in paper short on ER2 from 800.
<PapaJon>	nice trade :)	10:37
<base>	Now closing +3.0
<PapaJon>	me too... +2 ticks better than be
	b/e
<base>	I just wanted to short it at the time you have said Bush is on. :)
<PapaJon>	hehe
<eminime68>	Bush still talking?	10:46
<PapaJon>	yes
<base>	PapaJon: Where are you watching him, CNBC?	10:50
<Brutus>	08/09/2007 10:53 *DJ Bush: Enough Liquidity In Financial Markets	10:54
<PapaJon>	just the regular NBC channel	10:55
	The Today Show
<Brutus>	Sure... explains why ECB gave 100B in liquidity :))
<base>	Can be watched online?	10:56
<PapaJon>	dunno	10:57
<NihabaAshi>	Things only got interesting doing that run up when Gold decided to get moving.
<PapaJon>	is on bloomberg tv too
	nad cnbc
	and
<eminime68>	go to cnbc.com and click on exclusive video events	10:58
<base>	I have had only CNBC radio online, not working anymore.
<Brutus>	Base you got cable TV in Chec Reb ?	10:59
<NihabaAshi>	Yeah...CNBC nixed that :(
<base>	Brutus: There is no such thing as a cable here. :)
	eminime68: I am lokking for a live stream, not for selected events.	11:01
	At the present I listen to BBC World Service. I used to listen to CNBC live, but it does not work anymore for me.	11:02
<Brutus>	http://www.bloomberg.com/streams/video/L iveBTV200.asx	11:04
	http://www.bloomberg.com/streams/video/L iveBTV56.asx	11:05
<base>	I am on a 64 bit linux box and there are not codecs for ASF streams available. Anyway, I will save the links and try later on my laptop, where I have 32 bit linux distro installed. Thank you Brutus.	11:07
<Brutus>	urw
<szubaark>	This months Price Action is a lot different then Previous 2-3 months. Throwing me off.	11:12
<Brutus>	different to previous 2-3 years ? :))	11:14
<szubaark>	that too
	u got these tight, congestion,controlled creeper channels	11:15
	typical computer buying, selling crap	11:16
<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)	11:17
<PapaJon>	Bush now done
<base>	Thanks PapaJon	11:18
<PapaJon>	yw
	jeeze.. market died	11:47
<base>	Yeah, it's boring.	11:51
<PapaJon>	gotta head out to the jobsite... heres my trades	11:55
	http://www.veritashomeinspection.com/pj2 .jpg
	you all have a great day and evening... cya tomorrow
<base>	PapaJon: Have a nice evening, see you.	11:56
<szubaark>	nice Papa
<PapaJon>	tx
<base>	One loss only, very nice.
<Pepe>	Pepa it is really very goog	11:57
* codehead_afk	is now known as codehead	11:58
<Pepe>	What do you trade Pepa? Action price?
	or Market Profile?
<PapaJon>	a bit of both pepe... but i really need to go now...	11:59
	cheers
<Pepe>	thanks	12:05
<NihabaAshi>	Long ER2 @ 797.10 -> small size	12:13
	1 only as previously commented.
	I'm also in profit protection mode even though I haven't reach my profit goal for today of 2k in profits.	12:14
	Exited ER2 Long @ 798.50 --> + 1.4	12:17
<pat255>	vn n ..leery of L side
<NihabaAshi>	I'm about 7 ticks away from my profit target goal and calling it quits for the day.	12:19
<pat255>	nice
<base>	:)	12:20
<pdays>	Shorts ER2 @ 797.6	12:32
	Covered all ER2 Short @ 796.5 --> + 1.1
<szubaark>	nice quick	12:33
<pdays>	yeah it was...geeeees
<AusTrader00>	what your daily profit target Nihaba?
<NihabaAshi>	Today it was 2k
	Most trading days it is different mainly because the market isn't the same every trading day.	12:35
	Recently I've doubled or tripled my profit target goals because of the increase in volatility.
<AusTrader00>	nicee.....	12:36
	what size u normally trade with ? 4 cars?
<NihabaAshi>	At last statistical review prior to dropping 1/2 my size was 4.3	12:39
	It must be around 3.8 or so by now.
	Shorts ER2 @ 792.80 -> small size	12:40
	Covered ER2 Short @ 792.60 --> + 0.2	12:42
	Wasn't fast enough to grab 792.00 :(
<Brutus>	08/09/2007 12:42 HOT: Goldman Sachs-GS second hedge fund sells some positions, source says-WSJ
<NihabaAshi>	Geeesh...a lot of fund news lately during this increased volatility.	12:43
<Brutus>	ER and YM looking relatively strong
	Wonder if it was the last stop hunt b4 news	12:45
<NihabaAshi>	Long ER2 @ 794.30 -> small size	12:46
	If it drops against me...there should be a re-entry setup for me.	12:47
	Exited ER2 Long @ 793.60 --> - 0.7	12:50
	Long ER2 @ 792.60 -> small size	12:52
	Exited ER2 Long @ 794.80 --> + 2.2	12:57
	Wow...see how fast that retraced...crazy.
	Actually...more scary than crazy.	12:58
<Brutus>	08/09/2007 12:56 HOT: NY hedge fund Tykhe Capital hit with losses, source says-WSJ
<NihabaAshi>	Looks like the market was waiting for me to dump my 1 contract :)
	Long ER2 @ 792.60 -> small size	12:59
	:)
	Exited ER2 Long @ 792.40 --> - 0.2	13:02
	Got too choppy for me.
	Back to back timely exits :)	13:03
	Shorts ER2 @ 790.10 -> small size	13:04
	Covered ER2 Short @ 788.80 --> + 1.3	13:05
	reached my goal with commissions included.	13:06
	I'm done for the day.
<AusTrader00>	nice....job as usual...	13:08
<NihabaAshi>	If I was still trading...I would try to exploit the Short side down to the 780 price area because I'm a little bearish now.
<AusTrader00>	Now u should do some lecture for the room :P
<NihabaAshi>	Today's Lecture: How to make Sushi rolls	13:09
	:)
<AusTrader00>	:P
<ItalianSharp>	NQ put up a double bottom now...let's see if it holds	13:11
<NihabaAshi>	NQ still holding but ER2 looks like it wants to be a party pooper.	13:13
<ItalianSharp>	yep...ES also trying to flush some stops at the lows
<NihabaAshi>	Lets see if ER2 can make NQ fall through its support of the double bottom.	13:15
	NQ still fighting hard to keep its support level.	13:17
<NihabaAshi>	Anyone here doing any "heavy duty" statistical analysis in Excel that want's to share their "template" with the room.	13:23
WRB Analysis	Learn More
<Brutus>	Looking more bullish..have to watch price action at ES lows
<NihabaAshi>	If so...please send your Microsoft Excel template (not your trades) to questions@thestrategylab.com or intradaystrategies@yahoo.com	13:24
<pat255>	sorry N i dont ...:(
<NihabaAshi>	I'll upload it and then post the direct link to it for sharing.
	I've gotten a few emails lately about statistical stuff in Excel.	13:25
<pat255>	ty
<ItalianSharp>	the bulls are trying hard to keep up these mkts...	15:03
	yet, the down pressure is too strong
<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)	15:26
<werner>	gn all	15:34
<Brutus>	US STOCKS PLUNGE AS GOLDMAN PILES ON HEDGE FUNDS WOES	16:12
	U.S. stock losses accelerate after reports that a second Goldman Sachs hedge fund is selling positions as another fund reports a large portfolio selloff is sending shockwaves through other equity-market neutral funds. In addition, BNP Paribas suspends three asset-backed funds, saying it can't fairly value them because of the U.S. mortgage woes, and Tykhe Capital is hit with large losses.
	BANK CREDIT WORRIES UNNERVE MARKETS
	Money-market rates shoot higher, credit spreads widen, Treasurys rally and the yen jumps, forcing the European Central Bank and Treasury to add liquidity to the system to prevent a sharper crunch.
	============ U.S. MARKETS ACTION ===========
	DJIA down 313.21 points to 13341.07
	NASDAQ down 49.30 points to 2563.68
	S&P 500 down 34.67 points to 1463.36
	10-year T-note up 16/32 at 99 23/32 yield 4.783
	NYMEX Spot Crude up $0.01 at $71.60/bbl
	Dollar/Euro down 0.0118 at 1.3676
* DisconnectedSession	Close: Thu Aug 09 17:12:20 2007	17:11
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.

Sincerely,

M.A. Perry and Associates

TheStrategyLab.com

 questions@thestrategylab.com

"The point of this whole exercise is to make money. Everything else is just conversation." --Jonathan Hoenig

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