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#FuturesTrades August 14th Tuesday 2007 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+21.80	+201.60	+2186.80
$2,180	$20,160	$218,680

Profitable Trade

1341pm - 1433pm est

Losing Trade

1126am - 1150am est

click on image to view actual size

Current Performance Record

Key Trades of the Day (see chat log below)

Profit/Loss Statement

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: Tue Aug 14 09:30:05 2007Session Ident: #futurestrades

* Now talking in #futurestrades 09:30

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

<pat255> gm niha ..

<eminime68> gm

* sep34_away is now known as sep34

<NihabaAshi> Long ER2 @ 785.80 -> small size 09:33

1 only

I try to get a fill at 784.50 with 9 contracts...

No fill :(

B.S. so far this morning :( 09:34

<pat255> yes..

<asuni> B.S.? 09:36

<NihabaAshi> bull sh%$ 09:37

:)

<szubaark> :))

<NihabaAshi> Exited ER2 Long @ 784.80 --> - 1 09:40

Reverse and Enter Short ER2 @ 784.80

Covered ER2 Short @ 786.00 --> - 1.2 09:42

Reverse and Enter Long ER2 @ 786.00

2 contract

Exited all ER2 Long @ 786.20 --> + 0.2 09:44

<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) 09:45

<base> GM traders

<NihabaAshi> Shorts ER2 @ 785.00 -> small size

2 only 09:46

<werner> gm all 09:47

<NihabaAshi> Looks like I won't get that 1 point trade on this Short :( 09:48

Covered 1/2 ER2 Short @ 782.90 --> + 2.1 09:49

<doublejay> gm all 09:51

<NihabaAshi> Covered Remainder ER2 Short @ 784.00 --> + 1

My data provider announced yesterday they aren't going to fill in the missing data between 0930am - 1443pm est. 09:52

Simply, I'm trading with some missing key info this morning.

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)

<Awash> good morning all

<pat255> :( 09:53

<NihabaAshi> Things should feel normal by late this afternoon when I have more data to analyze for trading.

Long ER2 @ 784.40 -> small size 10:05

2 only

Exited ER2 Long @ 782.60 --> - 1.8 10:10

Reverse and Enter Short ER2 @ 782.60

Covered all ER2 Short @ 782.40 --> + 0.2 10:15

Long ER2 @ 782.70 -> small size 10:16

Long ER2 @ 781.50 -> Add 10:18

2 contracts now

Exited ER2 Long @ 780.00 --> - 2.7 10:22

Reverse and Enter Short ER2 @ 780.00

Shorts ER2 @ 780.20 -> Add 10:23

4 now 10:24

Covered 1/2 ER2 Short @ 776.60 --> + 3.6 10:26

<pat255> vn N...

dang ws looking to go L...but gave up

<NihabaAshi> I've just re-added AMEX:IWM chart (did an overlap) with ER2 so I can see the missing data. 10:27

Doesn't look good and that counter-thrust around 0938am est was just a fake. 10:29

Yet, it look real to me with the missing data :(

Shouldn't take a 5 point drop to get me bearish.

Should have been bearish around 786 and remaind as so. 10:30

It ain't pretty trading so far this morning but I am profitable and more than 1/2 from my goal for the day. 10:31

<pdays> Long ER2 @ 777.5 10:32

<NihabaAshi> Covered Remainder ER2 Short @ 777.30 --> + 2.7

<pdays> Exited all ER2 Long @ 778.3 --> + 0.8 10:33

<NihabaAshi> I now have enough data for volatility analysis... 10:40

Volatility is dropping fast...expecting a volatility spike here soon.

Long ER2 @ 777.40 -> small size 10:41

1 only

volatility still dropping...I'm still expecting a volatility spike. 10:42

Hopefully upwards. 10:43

Exited ER2 Long @ 778.00 --> + 0.6 10:46

currently someone doesn't want this to push to far above 778 price area :( 10:47

Shorts ER2 @ 776.40 -> small size 10:52

1 only

Yep, they really didn't want that counter-thurst back upwards to push too far above 778.00 10:54

<pdays> Sentinel Management halts redemptions on money mkt funds 10:55

<NihabaAshi> Covered ER2 Short @ 775.10 --> + 1.3 10:57

I don't see any support for this counter-thrust back upwards so far. 10:58

Thus, I'll be shorting any volatility that shows up while price is pushing downwards. 10:59

<pat255> N u are on the right side try 2 longs both failed 11:01

<NihabaAshi> Shorts ER2 @ 774.30 -> small size

pat255...my entire Bullish analysis was wrong out of the gate today :(

1 only

<pat255> but u corrected .. 11:02

* codehead_afk is now known as codehead

<NihabaAshi> Meant 1 only on this Short

I had my order entry set for 1 contract when I wanted 2 or 3 after not seeing any support for a Long position.

The correct size would have given me my profit goal for the day :( 11:04

Covered ER2 Short @ 773.90 --> + 0.4 11:05

Shorts ER2 @ 772.10 -> small size 11:11

2 only

Almost grabbed a 772.60 but it dropped to fast. 11:12

Shorts ER2 @ 772.70 -> Add

Little bounce in Oil and Gold :( 11:13

Covered all ER2 Short @ 772.90 --> - 1 11:16

Only support is from Oil and Gold... 11:17

As soon as they show some weakness...I'm expecting a quick retracement back downwards

<codehead> ER has cci vegas pattern for potnetial bounce 11:19

potential

<NihabaAshi> Shorts ER2 @ 774.10 -> medium size

oh oh 11:20

Covered all ER2 Short @ 774.30 --> - 0.2 11:21

Long ER2 @ 773.60 -> medium size 11:24

Exited all ER2 Long @ 772.80 --> - 0.8 11:25

Shorts ER2 @ 773.00 -> medium size 11:26

:( 11:27

* NihabaAshi is now known as NihabaAshi_away

* NihabaAshi_away is now known as NihabaAshi 11:28

<NihabaAshi> Geeesh

<jperl> crazy morning....done for now.... 11:30

<intowin> The rain showers are preventing me from spraying and these price levels are going to prevent me from trading...

<jperl> http://charts.dacharts.com/2007-08-14/JP ERL_0116.jpg

<NihabaAshi> I'm stuck in a trade here...be back later...

<intowin> where is your long entry N? 11:31

<werner> [17:26] <NihabaAshi> Long ER2 @ 773.60 -> medium size 11:33

<intowin> oh thats not stuck 11:34

Did Emini ever come in and say where hes been Szubaark? 11:35

<szubaark> yes.. hes on Vacation. 11:36

<intowin> k

* DisconnectedSession Close: Tue Aug 14 11:38:33 2007 11:38

Session Start: Tue Aug 14 11:45:33 2007Session Ident: #futurestrades

* Now talking in #futurestrades 11:45

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

<szubaark> Niha computer problems?

<NihabaAshi> big time

these next two trades are a little mixed up 11:49

Covered all ER2 Short @ 776.50 --> - 3.5

<pat255> :( 11:50

<NihabaAshi> Long ER2 @ 776.80 -> medium size

I'll figure out later what had happen with the lock up. 11:51

<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)

<NihabaAshi> Might get lucky and catch that 780 price area 11:55

Exited all ER2 Long @ 780.30 --> + 3.5 12:01

sorry about the delay...

<pat255> vn N..

<NihabaAshi> I just found out only my "market orders" are working.

I'm doing a re-install to an updated version right now... 12:02

Will need to reboot again here soon. 12:03

That explains the following after price traded through it a few time by many ticks... 12:04

[09:33] <NihabaAshi> I try to get a fill at 784.50 with 9 contracts...

[09:33] <NihabaAshi> No fill :(

[09:34] <NihabaAshi> B.S. so far this morning :(

Was using market orders up until I tried to exit that 1126am Short for a 8 tick profit that resulted in a -3.5 point loss :( 12:05

My stop was at -4 points 12:06

<szubaark> That ER moves Fast.. i was watching it.

1pt up and down in 1 second LOL

<NihabaAshi> Be right back...

* DisconnectedSession Close: Tue Aug 14 12:06:56 2007

Session Start: Tue Aug 14 12:21:59 2007Session Ident: #futurestrades

* Now talking in #futurestrades 12:21

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

<intowin> my trigger finger wants to short in this area 12:22

been away spraying a few days.. Waiting on one of you guys to get the ball rolling lol 12:24

<NihabaAshi> Long ER2 @ 776.90 -> small size 12:31

1 only with an order in at 777.50

I want to see if my non-market orders work. 12:32

Exited ER2 Long @ 777.00 --> + 0.1 12:37

Reverse and Enter Short ER2 @ 777.00

:(

Covered all ER2 Short @ 776.50 --> + 0.5 12:40

I got confirmation when it was at 776.10 :( 12:41

Long ER2 @ 775.70 -> small size 12:44

same order target

1 only

Yesterday was data vendor problem, today is broker platform problem and I guess tomorrow will be ISP problem day :) 12:47

Exited ER2 Long @ 777.50 --> + 1.8

No fill :( 13:03

<intowin> on a short?

<NihabaAshi> Yes 13:04

<intowin> yep I am looking to enter soon also

<NihabaAshi> Shorts ER2 @ 77.10 -> small size 13:05

3 contracts via market order

Ooops...that's a 777.10 and not a 77.10 13:06

will leave it as is and exit similar like. 13:07

After all the problems yesterday and today... 13:09

I'm due for a break from trading here soon.

<intowin> short ES @ 1445 13:12

<NihabaAshi> Covered all ER2 Short @ 75.60 --> + 1.5

market order out

Be back later...taking a break

* NihabaAshi is now known as NihabaAshi_away 13:17

* NihabaAshi_away is now known as NihabaAshi 13:36

<NihabaAshi> Long ER2 @ 778.30 -> small size

1 only 13:37

<intowin> short ES @ 1446.50 13:38

add

<NihabaAshi> Exited ER2 Long @ 777.80 --> - 0.5 13:41

Reverse and Enter Short ER2 @ 777.80

32 only

Meant 2 only

<codehead> long YM 13157 <paper> 13:46

hm, i think down first

<NihabaAshi> Covered 1/2 ER2 Short @ 776.30 --> + 1.5 13:47

Got my profit goal for the day and it wasn't easy with all the "distractions".

<intowin> Covered all ES Short @ 1442.50 --> + 4 13:48

wanted to stay for more but sattelite about to go out

major rain coming 13:49

<Awash> nice trade

<intowin> thanks

will be the only one. sat not dependable now 13:50

<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) 13:54

<intowin> rain is a double edged sword. It is my buisy season for herbicide, cant spray if rain is coming, but can hardly trade either.

<NihabaAshi> Geeesh... 13:55

<base> On the move again.

<intowin> yep I had a limit order at 1439 : ( 13:56

<NihabaAshi> I wasn't expecting this and because I already have my profit goal for the day...

I'm just going to let this remaining contract ride.

adjusting stop now

exit stop lowered ER2 @ 777.50 13:57

There's some support here.

If it fails...I'll exit at the next Dark WRB formation. 13:58

<codehead> add YM 13110 <paper> 14:14

actually, forgot about my other paper trade

been scalping 14:15

good thing i've made 52 real ticks today, cuz my paper trading sucks

exit add +25 YM <paper> 14:18

<NihabaAshi> Covered Remainder ER2 Short @ 769.90 --> + 7.9 14:33

<codehead> add YM 13100 <paper>

wow nice

<NihabaAshi> Caught the WRB below 770 price area :)

<Pepe> very nice trade 14:35

<base> Reward for patience. :) 14:36

<NihabaAshi> Yep...nice reward to take away the frustrations I felt from my morning trading session. 14:38

<base> I hope, all in all, the day was good for you.

<NihabaAshi> I'm not finish :) 14:39

<base> hehe :) 14:40

You are well motivated now. :)

<NihabaAshi> Shorts ER2 @ 769.50 -> small size 14:46

2 only

If I get what I want...it'll be my last trade of the day.

Gold and Oil decided after my entry to give a little support :( 14:50

<codehead> potential YM 5 min vegas setup...

for possible breakout to upside

still in down mode till then

<Awash> Long ES @ 1436 14:51

<jperl> done for today....lots of trades this afternoon....

http://charts.dacharts.com/2007-08-14/JP ERL_0117.jpg

<NihabaAshi> Covered all ER2 Short @ 768.00 --> + 1.5 14:52

WRB Analysis

Learn More

<Pepe> it was last trade today? 14:53

<NihabaAshi> Yeah and I can now put on my shirt "I survived another day". 14:54

<base> lol

<codehead> Ym unable to break down the low so far 14:55

<NihabaAshi> As I said this morning... 14:58

Due to missing yesterday's trading session...I didn't expect for trading to go well until this afternoon once I had more data to re-accumulate because my data provider is unable to refill in the missing intraday data of yesterday. 15:00

<codehead> exit add +30 YM <paper>

<Awash> Niha, have you tried Open Tick data (it's Free)

<NihabaAshi> Are the the same ones that has the trading platform Open Cry ??? 15:01

<Awash> not sure

http://www.opentick.com/

<NihabaAshi> No...have you? 15:02

<Awash> i love open tick

use it when my IB data goes down

plus it's completely free

<NihabaAshi> Realtime ?

<Awash> it's totally accurate

realtime data is not free 15:03

but historical data is free

delayed data is free

<NihabaAshi> Ahhh...I see.

<Awash> It's good to back-fill your charts

Exited 1/3 ES Long @ 1440 --> + 4 15:05

<codehead> nice 15:06

<Awash> thanks 15:07

* sep34 is now known as sep34_outdoor 15:09

<Awash> Stop at B/E

<NihabaAshi> Thanks awash

<Awash> anytime 15:10

Exited all ES Long @ 1436.25 --> + 0.25 15:14

<codehead> add YM 13000 <paper> 15:15

13100 i mean

thinking about potential dow 13000 test here if it breaks 15:16

exit add +25 YM <paper> 15:18

exit YM (roginal trade) +3 <paper> 15:22

original

thought we'd see 160-170 area again before close, stubborn 15:23

<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) 16:00

<Brutus> US STOCKS DROP ON CREDIT, RETAIL WOES 16:03

U.S. stocks fall as Wal-Mart and Home Depot talk about a difficult retail environment and another fund manager, Sentinel Management, moves to stop withdrawals, exacerbating worries about a credit squeeze. The Dow slides 170 points, the Nasdaq falls 30 and the S&P 500 loses 20 points.

============ U.S. MARKETS ACTION ===========

DJIA down 170.62 points to 13066.23

NASDAQ down 33.82 points to 2508.81

S&P 500 down 20.77 points to 1431.46

10-year T-note up 76/32 at 100 4/32 yield 4.734

NYMEX Spot Crude up $0.76 at $72.38/bbl at close

Dollar/Euro down 0.0072 at 1.3534

<werner> gn all 16:08

<doublejay> bye bye 16:28

<base> Good night all 16:32

* DisconnectedSession Close: Tue Aug 14 16:32:37 2007

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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.