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#FuturesTrades August 15th Wednesday 2007 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+39.90	+241.50	+2226.70
$3,990	$24,150	$222,670

Profitable Trade

0952am - 0956am est

Losing Trade

1458pm - 1501pm 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: Wed Aug 15 09:27:42 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

<Pepe> gm all 09:30

<NihabaAshi> Shorts ER2 @ 764.50 -> large size 09:31

<doublejay> gm all

<NihabaAshi> 10 contracts

I have a target of anything below 763.00

It's trying hard to shake me out :( 09:33

I'm also not expecting any chop right now. 09:34

Either smooth down or smooth upwards.

So far I'm wrong about the smooth price movement 09:35

<ItalianSharp> price action really jumpy 09:36

<base> GM

<NihabaAshi> yep...very jumpy as usual for the past month

<ItalianSharp> with this type of price action one is better off thinking in terms of "zones" rather than "ticks" 09:37

<NihabaAshi> Agree 09:38

<base> PT Niha? 09:40

<Pepe> ?

<NihabaAshi> Covered ER2 Short @ 762.90 --> + 1.6 09:42

holding 4 contracts

<doublejay> good trade but a little bit depressive :) 09:43

<NihabaAshi> base...

[09:31] <NihabaAshi> I have a target of anything below 763.00

<base> Nice with such a size and this price action.

<NihabaAshi> I've been seeing a lot of 5 - 15 contracts after my entry. 09:44

<base> Yeah, I was not asking, I was just noticing that you are already there. :)

<NihabaAshi> I guess I'm not the only one trying to get done trading early today :)

<Pepe> :) 09:45

<base> We have just took 1 point on the way down. 762.90 - 761.90

<NihabaAshi> Covered Remainder ER2 Short @ 763.80 --> + 0.7 09:46

It's back into chop mode :( 09:47

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

<base> I am trding with doublejay, both together. We always have a voip connection between or we are in the office.

GM Awash

<Awash> looks like ES bounced at premarket LOD

<NihabaAshi> base...you guys using video ?

<Awash> and trading back into yesterday's range 09:48

<base> Just a voice over IP.

Well, next one point.

Actually, most of our trades are paper ones. 09:49

<NihabaAshi> Long ER2 @ 769.00 -> small size 09:52

2 only

trying something new here

<base> wow 09:53

You have to be lucky guy. :)

<NihabaAshi> Exited 1/2 ER2 Long @ 772.50 --> + 3.5 09:54

Lucky trade 09:55

I'm clueless why that pop to the upside like that.

<base> And I have exited the long at 766.60 with +1. Very premature exit. :)

<doublejay> great move up - it seems to be good for large size trade :)

<NihabaAshi> Something hit the market that's bullish.

<AusTrader00> GM. this is going nuts... 09:56

<NihabaAshi> Exited Remainder ER2 Long @ 775.10 --> + 6.1

<AusTrader00> wow nice...

<NihabaAshi> Anybody has any news on this move ?

<asuni> not here? 09:57

<pat255> nope N

<jperl> something about the FED backing off on an intervention

* sep34_outdoor is now known as sep34_ 09:59

<NihabaAshi> That little pullback represent traders trying to figure out what's going on. 10:00

It's going to move fast upwards again or straight down once they get some FACTS.

Long ER2 @ 773.10 -> small size 10:01

1 contract only

intuition trade

Exited ER2 Long @ 771.80 --> - 1.3 10:02

Reverse and Enter Short ER2 @ 771.80

still 1 contract

Covered ER2 Short @ 768.30 --> + 3.5 10:06

Got my average size per trade back within my goal for the day (less than 3.5 contracts per trade). 10:07

<szubaark> nice, Fast Volatility based trading this morning Niha. 10:10

<NihabaAshi> Long ER2 @ 769.60 -> small size

whoopie...I got a fill :)

<base> :)

<NihabaAshi> Exited ER2 Long @ 768.70 --> - 0.9 10:11

Long ER2 @ 770.30 -> small size 10:12

1 only

Exited ER2 Long @ 772.60 --> + 2.3 10:17

lucky counter-thrust back upwards because I almost dumped it at 771.50

1030am est EIA Petroleum Status Report up next. 10:25

<base> EIA is at 10:30

:) 10:26

<Awash> Shorts ES @ 1442.75

<NihabaAshi> So far its looking bullish

<base> It is probing the pivot point for the second time. 10:28

<NihabaAshi> Long ER2 @ 776.00 -> small size

1 only

<Awash> Covered all ES Short @ 1444.75 --> - 2 10:29

<base> NihabaAshi: You have caught it again. 10:30

Very nice move.

<NihabaAshi> Exited ER2 Long @ 777.50 --> + 1.5 10:35

<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) 10:42

<NihabaAshi> Long ER2 @ 774.70 -> small size 10:49

1 only

weak looking White Hammer Line but should be good for a few ticks.

Exited ER2 Long @ 774.80 --> + 0.1 10:50

<base> Weak hammer, but supported by pivot point. 10:51

<NihabaAshi> Be back later...got some distractions here with family.

* NihabaAshi is now known as NihabaAshi_away

<Pepe> I have questions. what does nick-Eminitarder trade? Market profile or price action or something else? 10:55

eminitrader 10:56

I know, he is on long vocation with his family. 10:57

<ItalianSharp> does anyone know how eminitrader is doing? i missed the last couple of days in the room and someone might have talked about him in here 10:58

<Pepe> Yes, Nihaba said: eminitrader is on long vocation with family. 11:02

<Brutus> pepe 11:33

<base> ItalianSharp: I think he has gone at least two weeks ago. 11:44

<Brutus> eminitrader uses fibs and trades of the 3m, 5m 15m, no volume also uses 2 moving averages for his SR and market direction. 11:46

<Bambam-77> protect shorts

<Pepe> Brutus thank you 11:48

<Bambam-77> 769.9 pos trgt 11:49

then 768

<Brutus> urw 11:51

<Bambam-77> on trgt 11:52

66.10 aft that

if we get retrc look for +2 11:53

er

* NihabaAshi_away is now known as NihabaAshi 11:54

<NihabaAshi> Looks like I missed the southward price action 11:55

* codehead_afk is now known as codehead 11:59

<NihabaAshi> Long ER2 @ 768.20 -> small size

1 only

Exited ER2 Long @ 768.30 --> + 0.1 12:02

:(

Long ER2 @ 769.10 -> small size 12:04

Trying again but I have no wiggle room on this trade.

Yet, it is an easy position reversal if I'm wrong. 12:05

Exited ER2 Long @ 770.20 --> + 1.1 12:08

Long ER2 @ 770.40 -> small size 12:15

Gold and Oil trying hard to provide some support 12:16

Oil :( 12:19

It's stalling

Exited ER2 Long @ 770.70 --> + 0.3 12:20

Shorts ER2 @ 770.30 -> small size 12:21

1 only

Covered ER2 Short @ 771.10 --> - 0.8 12:24

Volatility declining...I'm expecting a volatility spike here soon 12:25

<szubaark> ES 1430 retest? 12:30

<NihabaAshi> Long ER2 @ 769.90 -> small size 12:41

2 only

I'm not looking for much

Exited all ER2 Long @ 769.00 --> - 0.9 12:42

<szubaark> looks like a nother fakeout.. ES just had a bunch of those in last congestion zone

<NihabaAshi> Long ER2 @ 769.40 -> medium size

<szubaark> they might as well re-test lows since they half-way there probobly why we didnt make new highs yet (Stops) 12:43

<codehead> long YM 13064 <paper> 12:44

wide stop 13039 <paper> 12:45

<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)

<codehead> exit half YM +30 <paper> 12:46

that was target on half

<NihabaAshi> Exited all ER2 Long @ 770.80 --> + 1.4 12:47

<codehead> Er has a cci vegas pattern on 5 min for ups, but so far price got stopped at resistance 12:48

hit previous high exactly, stilled

stalled 12:49

b/o of 771.40 might get a nice candle

raise stop on remainder YM to b/e 12:52

<paper>

<szubaark> hehe.. running out of steam already 12:53

<codehead> i'm going for 100, exit flat, or exit eod, whichever comes first 12:59

on the remainder

<Brutus> 08/15/2007 13:00 *DJ US NAHB Aug Housing Index 22 Vs 24 In Jul 13:00

<szubaark> ES doing the channel rop-a-dope 13:19

<codehead> yep, all indices bumping to channel top 13:22

YM close to showing a trend, but also cumped the top 13:23

higher lows tho

here's the try... 13:24

exit Ym +90 <paper> 13:43

close enough, need to pay attention to stocks

got to +94 13:44

<Dmi76> was long es from 1436,25 closed 1445,25 13:58

<Awash> what's the ES bid? 14:05

<Dmi76> 1441

<Awash> thanks

<codehead> long YM 13047 <paper> 14:36

30 tick target 14:37

exit half +10 Ym <paper>

raise stop to b/e on remainder <paper> 14:38

filled +30 YM <paper> 14:40

* szubaark is now known as szubaark_away 14:49

<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) 14:51

<werner> gn all 14:58

<NihabaAshi> Shorts ER2 @ 764.60 -> small size

1 only

<codehead> YM sitll a buy inder 130 15:00

13030. as long as it doesn't lose 13000

but close could get even nuttier

<NihabaAshi> Covered ER2 Short @ 766.40 --> - 1.8 15:01

Reverse and Enter Long ER2 @ 766.40

<codehead> ER2 has a trendline break on the selling

could get a pop

770.5 gets it back to pivot 15:02

<NihabaAshi> Exited ER2 Long @ 765.70 --> - 0.7 15:03

Reverse and Enter Short ER2 @ 765.70

<codehead> long YM 13015 <paper>, stop 12999, one paper contract 15:04

<NihabaAshi> Covered ER2 Short @ 765.50 --> + 0.2 15:05

<codehead> broke my account out of a downtrend today, so i'll keep it and not do any more real trades, this keeps me occupied

13049 target <paper> 15:06

nasty naz 15:07

<NihabaAshi> Shorts ER2 @ 764.10 -> small size 15:08

2 only

jumpy prices 15:09

It's caused me problems on my last 3 trades.

<codehead> stopped -16 Ym <paper> 15:12

<NihabaAshi> Covered 1/2 ER2 Short @ 761.50 --> + 2.6

crazy jumpy bounce back up. 15:13

<codehead> yeah, that was the major stop run on YM 15:14

could bounce now--seemed sellers worked pretty hard for that 15:15

long 12970 YM <paper> 15:16

scalp

target 20

VIX spike 15:17

over 30 15:18

could be bottom or close

filled scalp +20 15:19

<paper>

bottom could be in mkt

<NihabaAshi> Covered ER2 Short @ 762.60 --> + 1.5

Reverse and Enter Long ER2 @ 762.60

Exited ER2 Long @ 762.70 --> + 0.1 15:23

got too jumpy again

<codehead> mkt is trying to put in a bottom here

towels being thrown in

long YM 12960 <paper> 15:29

may be getting too late

10 tick target

exit +10 YM <paper> 15:30

<NihabaAshi> Shorts ER2 @ 761.80 -> small size

poor trade decision

<codehead> long YM 12950 <paper> 15:33

<NihabaAshi> Covered ER2 Short @ 760.60 --> + 1.2

lucky exit

<codehead> nice

<NihabaAshi> Long ER2 @ 758.80 -> small size 15:36

1 only 15:37

trying something new

Exited ER2 Long @ 758.60 --> - 0.2 15:38

Reverse and Enter Short ER2 @ 758.60

<codehead> add 12920 YM <paper> 15:39

target on add 12940 15:40

<NihabaAshi> Covered ER2 Short @ 758.00 --> + 0.6

<codehead> filled exit on Ym add, +20 15:41

target sitll 12960 on original

hm, hit 57 and dumped back down 15:43

and back to 58... 15:46

raise target to 70 15:48

add 12907 <paper> 15:54

sheesh

<NihabaAshi> Gotta still love this volatility and intraday ranges...

Still amazing.

<codehead> full-on meltdown today

<ItalianSharp> i think i am going to fall into depression the day this volatility dies out 15:55

<codehead> 12930 target 15:57

<NihabaAshi> My biggest months of the year was January and March.

March was due to the volatility increases and January due to the position size increase. 15:58

March prepared me June and July trading.

<ItalianSharp> niha, do you think you are going to have to increase position size when volatility drops again? 15:59

<NihabaAshi> Here comes the 4pm spike close...I'm ready this time :)

Long ER2 @ 754.80 -> small size

Exited 1/2 ER2 Long @ 756.30 --> + 1.5 16:01

<codehead> nice

<NihabaAshi> Exited Remainder ER2 Long @ 758.00 --> + 3.2 16:05

It's another "armed robbery" trading day :) 16:06

WRB Analysis

Learn More

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

DJIA down 124.04 points to 12905.44

NASDAQ down 27.19 points to 2471.93

S&P 500 down 12.92 points to 1413.93

10-year T-note up 11/32 at 100 15/32 yield 4.692

NYMEX Spot Crude up $0.95 at $73.33/bbl at close

Dollar/Euro down 0.0084 at 1.3450

<codehead> exit add +20 YM <paper> 16:12

<AusTrader00> We're in trouble now... dow + s&P. 16:14

<NihabaAshi> I came within 1 tick of having a personal best trading day on the average contract size per trade via 1.69 contract per trade to produce +39.90 ER2 points.

<ItalianSharp> nice niha...do you always measure that?

<NihabaAshi> Yes 16:15

<ItalianSharp> why is that important to you?

<NihabaAshi> It gives me some clues about my position size managment when I compare one trading day to another trading day without having to look deeper into other stats. 16:16

<AusTrader00> how do u manage to trade 1.69 contract ?? 1 contract here and there... then 2 the next ? 16:20

<NihabaAshi> Aus...its the exact average. 16:25

For example...lets say you only took 2 trades.

One trade for 1 contract and the second trade for 2 contracts.

You average per trade is 1.5 (not 1 nor 2).

Traders that have position size management at the top of their priority list like me need the "exact" number to two digits. 16:26

<ItalianSharp> niha, do you measure position size against total pts as well? 16:28

cause if you do...you should also include number of trades to measure your efficiency per trade 16:29

<NihabaAshi> ItalianSharp...I do about 20 stats related to position size management including efficiency stats as discussed before in here a few times in the past. 16:33

However, I only need "one stat" to alert me to a problem...that's the one I posted in here today.

* sep34_ is now known as sep34_away

<NihabaAshi> That one stat tells me to take a closer look at specific trades. 16:34

Simply, I do "one easy stat" and if the numbers don't look right to me (there's a problem)...I'll dump my trades into the Lotus spreadsheet to take a closer look at my position size management if needed. 16:40

However, most of the time I can just review the trades themselves (without stats) to see problems or improvements.

<Brutus> cul8r 16:47

<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) 16:57

<NihabaAshi> Take care all and see all tomorrow...its soccer night with the kids tonight :) 17:02

* NihabaAshi is now known as NihabaAshi_away

* DisconnectedSession Close: Wed Aug 15 17:03:04 2007 17:03

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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

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