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#FuturesTrades August 17th Friday 2007 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+58.00	+351.90	+2337.10
$5,800	$35,190	$233,710

Profitable Trade

0931am - 0954am est

Losing Trade

1036am - 101042am est

click on image to view actual size

Current Performance Record

Key Trades of the Day (see chat log below)

Profit/Loss Statement

Trading via WRB Analysis: The biggest price move of the trading day occurred between 0936am - 0938am as a big White WRB to help setup the reversal that produced a +28 point price movement downwards.

The most impressive aspect of the price drop was that it seemed very orderly as if everybody was in the same boat sort'uv speak.

Unfortunately, I was unable to trade most of it due to family distractions.

Yet, I was using the 1min, 2min and 3min chart at the time and would have gotten Short around 802.20 and held it down into the key WRB s/r zone of 784.00 - 770.30 with a large size position.

Further, the end to that price declined was signaled by another similar like reversal signal with a dynamic characteristic as a trend continuation signal (see Swing Trading Report) thanks to discount rate cut by FED chairman Bernanke and gang.

General Strategy 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.

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, pattern signal, seasonal tendencies or intuition.

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: Fri Aug 17 09:24:07 2007Session Ident: #futurestrades

* Now talking in #futurestrades 09:24

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

<intowin> bet we get a creeper up day. no real pull backs 09:26

<Brutus> 08/17/2007 08:24 *DJ Dollar Gains Modestly Vs Yen After Fed Cuts Discount Rate 09:27

<pat255> guess all the worries are over 09:29

<intowin> I am still a little worried. I wont get my pull back 09:31

<NihabaAshi> Long ER2 @ 795.70 -> large size

I have a little market breadth support...not sure if its enough to get me to 797.50 09:32

Meant 797.70

Exited ER2 Long @ 798.30 --> + 2.6 09:35

Holding 2 contracts

<doublejay> gm all 09:36

<NihabaAshi> Exited ER2 Long @ 804.10 --> + 8.4 09:37

Holding 1 contract

<pat255> vvn N

<Brutus> Good one Niha, Long is the way to go today, unfortunately MB trading is having probs so I got no buying power 09:39

Niha you gave some good advice once about a suprise rate cut 09:44

08/17/2007 09:44 *DJ Fed Accepts $6 Bln In 3-Day RPs 09:45

* sep34_away is now known as sep34 09:48

<NihabaAshi> Exited Remainder ER2 Long @ 796.40 --> + 0.7 09:54

I gave that 1 contract remainder a lot of room to breath... 09:55

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)

<werner> indd

<NihabaAshi> Should have known with the range we've seen lately that a 10 point wiggle room is nothing :)

Anyways, I've greatly exceeded my profit goal for the day. 09:57

Thus, I'm now in profit protection mode and will be trading 1-3 contracts for the remainder of the trading day.

Simply, small size only.

<werner> great moneymanagement niha 10:00

<Brutus> 08/17/2007 10:00 *DJ Reuters/Univ Michigan Mid-Aug Sentiment 83.3; Jul 90.4

<werner> great=good 10:01

<NihabaAshi> Long ER2 @ 794.30 -> small size

2 only

<werner> bad englisch here.....:( 10:02

<szubaark> Buys ES @ 1443.75 «« paper »» 10:03

<NihabaAshi> This should have already tested 797.00 by now :(

<szubaark> Exited all Long ES at 1447.25 --> + 3.5 «« paper »» 10:05

<NihabaAshi> Exited all ER2 Long @ 797.20 --> + 2.9 10:07

<ItalianSharp> wow niha...another "armed" robbery day for you so far 10:08

<NihabaAshi> Yeah but could have been much bigger if it wasn't for some family distractions during the price drop from the intraday highs... 10:09

The distractions cost me a Short position with a large size via keeping me in that 1 contract remaining Long position.

I told me spouse they cost me about 6k in profits 5k in additional profits. 10:10

<pat255> N i know what are u talking about ..my wife same stuff 10:11

<NihabaAshi> She felt so bad that she gather up the kids and has left home to go over a friends house to play with their kids :)

<ItalianSharp> that's awesome niha...i love it when my girlfriend is out of the house 10:12

<werner> lol

<NihabaAshi> :) 10:13

<ItalianSharp> and love it even more when she calls up and says shes going to delay her comeback

i am always like: "take your time"...

<werner> hihi

<ItalianSharp> and she goes: "but do you miss me?"

<pat255> lol IS

<szubaark> right...these markets require 110% concentration... distraction can be costly

<asuni> i hope ur girlfriend is not a member here :-)

<pat255> lol

<ItalianSharp> and I: "of course i do...but i love you so much that i'll wait..."

lol 10:14

<Pepe> :)

<NihabaAshi> It's more of a distraction for women traders with kids... 10:15

I can't imagine how they can multi-task both (watch the kids and trade).

Those that can...I take my hat of for them because that's got to be the most difficult type of trading to do. 10:16

I guess that's were day care is useful :)

<werner> and for a men white kids niha? 10:17

<NihabaAshi> Shorts ER2 @ 790.40 -> small size

3 only

That's a lot of downside pressure...won't last long. 10:18

Covered 2/3 ER2 Short @ 789.30 --> + 1.1 10:19

* lesAway is now known as les

<intowin> there goes creeper day theory 10:20

<werner> white=with 10:21

<les> Shorts ER2 @ 790.2 «« paper »» 10:22

<NihabaAshi> Covered Remainder ER2 Short @ 789.90 --> + 0.5 10:23

Got shook out of that one :( 10:24

<les> exit stop lowered ER2 @ 790.1 «« paper »»

<szubaark> Buys ES @ 1440 «« paper »» 10:25

will Reverse this to Short if no bounce here 10:26

<NihabaAshi> Shorts ER2 @ 786.80 -> small size

3 only 10:27

<les> exit stop lowered ER2 @ 789.1 «« paper »»

<NihabaAshi> Maybe a bad choice because there's a weak White Hammer Line in another key market I'm following :(

Looking to dump my Short...

<intowin> Long ES @ 1437.75 10:28

<werner> skype for 2 days down now ,server props,pfff

<szubaark> Exited all Long ES at 1436.25 --> - 3.75 «« paper »»

Shorts ES @ 1436.25 «« paper »»

<les> exit stop lowered ER2 @ 786.9 «« paper »» 10:29

<NihabaAshi> Covered 2/3 ER2 Short @ 784.60 --> + 2.2 10:30

This trade gets marketed as a "Lucky Trade" because I almost covered at breakeven. 10:31

<les> quite a bit of pre-mkt support in this area on er2

<NihabaAshi> Covered Remainder ER2 Short @ 786.70 --> + 0.1 10:32

<les> Covered Remainder ER2 Short @ 786.9 --> + 3.3 «« paper »»

<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) 10:33

<NihabaAshi> I'm not doing so hot on my remainders....

Thus, I will change my plan a little about the scaling out. 10:34

Long ER2 @ 786.60 -> small size 10:36

1 only

Long ER2 @ 785.00 -> small size

Ooops...that's an ADD. 10:37

<Brutus> good support at Yest HOD

<szubaark> plus ES wants to close Gap 10:39

Volatility spike coming up.. hopefully down, im Short :) 10:40

<NihabaAshi> Exited ER2 Long @ 785.60 --> + 0.6

:(

Still holding the other contract

<szubaark> Covered all Short ES at 1432 --> + 4.25 «« paper »» 10:42

<NihabaAshi> Exited remainder ER2 Long @ 783.60 -> - 3.00

<intowin> Exited all ES Long @ 1431 --> - 6.75

<NihabaAshi> Shorts ER2 @ 780.80 -> small size

3 only

<szubaark> Buys ES @ 1428.75 «« paper »» 10:43

<Brutus> Szu what your ES close

<szubaark> ES gapper closed 10:44

ES close?

<Brutus> closing price yesterday

for gap fill

<szubaark> 1425

<Brutus> ty

<intowin> Long ES @ 1430 10:45

<szubaark> Exited all Long ES at 1432 --> + 3.25 «« paper »»

<NihabaAshi> That crazy chop has returned :(

Covered all ER2 Short @ 779.20 --> + 1.6 10:47

crazy

<szubaark> Niha, super nice Scalping this am

<NihabaAshi> It's getting tougher now with the those "jumpy prices" returning back to the price action especially as the market attempts to find a "support area" to stage a counter-thrust. 10:48

<szubaark> plus its Friday :)

they are slowly retracing that Rate Cut WRB at 8 am 10:50

i remember one day i was Long and as soon as i exited my Long (after 3-4 seconds) there was a "surprised" rate cut around lunch time..HUGE SPIKE FROM HELL 10:52

coulda,woulda,shoulda tripled my account on that trade :)))

<Brutus> least the fed has become more thoughtful :) 10:53

<NihabaAshi> Too bad the FED didn't do the rate cut "after" 0930am est :) 10:54

Those types of surprise rate cuts usually cause a much bigger price movement. 10:55

Anybody know why they ONLY cut the "discount rate" ??? 10:58

<Brutus> low missed my long :( hopefully they will flush out the lows

see article in market watch Niha 10:59

<ItalianSharp> 8.15am niha

<NihabaAshi> thanks 11:02

<intowin> Exited 1/2 ES Long @ 1438.25 --> + 8.25 11:03

<szubaark> nice Long intowin

<intowin> got my wallet back at least

double my size on that one also.. 11:04

<Brutus> nice1 IT

<NihabaAshi> Ok...so the FED only cut the discount rate because they felt it would help the main area that was problematic (financial system) whereas the broader economy needed no help. 11:05

Simply, the broader economy is still in trouble if the credit problems spread :( 11:06

<szubaark> Niha u sound like a Economics preofessor

<NihabaAshi> I'm just reading the article :) 11:07

<asuni> lol

<intowin> Exited all ES Long @ 1430.50 --> + 0.5

<NihabaAshi> Shorts ER2 @ 786.60 -> small size 11:09

1 only

* codehead_afk is now known as codehead

<NihabaAshi> Jumpy prices is the worst price action to do "position reversals"... 11:10

Best to just let the hard stops do their job.

Covered ER2 Short @ 784.90 --> + 1.7 11:12

<jperl> Done for the morning...trades here...

http://charts.dacharts.com/2007-08-17/JP ERL_011.jpg 11:13

<Pepe> nice

<NihabaAshi> I'm expecting the FBI and SWAT team to show up any minute to arrest me today because I'm a suspect in the recent "armed robberies". 11:14

:)

<Pepe> :D

<szubaark> LOL.. Niha the Daytrader Robber

<Brutus> Those with automated scalping systems must be making a killing in these markets 11:18

prolly like AMT4SWA 11:19

hes doing all aoutmated trading now

<NihabaAshi> AMT into automation trading...I didn't know that...cool. 11:20

<Brutus> yeah uses volume tick charts and range charts 11:21

turns on the money machine in the morning, puts hes legs up, thats the life 11:22

looks like its going to take out he lows 11:28

Dax close +1.67% 11:30

<intowin> Long ES @ 1438 11:36

<NihabaAshi> Long ER2 @ 791.70 -> small size 11:38

1 only

<AusTrader00> Anyone using Esignal ? 11:41

I wanna sign up but not sure about the fee....

(exchange fee)

<Brutus> $ 95 month + $30 for eminis 11:42

pay yearly -20%

<AusTrader00> CME Level I (Includes E-minis and Globex Level I) 55

<AusTrader00> CME E-minis 30 11:43

<AusTrader00> CME Globex Level I (Includes E-minis) 40

<AusTrader00> I'm just confused there.

$55 or $50 ... or $40.. LOL.

<Brutus> yes go with the basic one the more expensive one is for a market depth combo

<AusTrader00> eSignal Premier

<AusTrader00> [STOCKS, FUTURES]$125

<AusTrader00> access to any futures exchanges ($25), 11:44

so unclear....

I can get YM feed on the CME ?

<Brutus> not $25 add on with the basic emin and cbot ym 11:45

<AusTrader00> what do u mean ?

<Brutus> cbot ym is free

<AusTrader00> so basically $150 / month.? 11:46

<Brutus> no $ 25 sdd on for eminis its a special case other futures markets have the exchange fee + $25 futures add on

<AusTrader00> I'm not following ya..... .. 11:47

<Brutus> use their live chat AT

<AusTrader00> Okei dokei...

<NihabaAshi> Exited ER2 Long @ 792.80 --> + 1.1

<intowin> Exited 1/2 ES Long @ 1442 --> + 4

<Pepe> intowin and Nihaba ....nice

<intowin> thanks b/e on balance 11:49

<Brutus> IT I pay monthly esignal $95 + $30 approx values so about 125USD / month, pay esig for the year -20 or 25% on esig only fee 11:51

gives me 24hr emini and cbot minis to level 1

MB trading order entry gives me level2 market depth 11:52

not IT meant AT :) 11:53

<intowin> just got back b/e stop hit 11:59

Exited all ES Long @ 1438 --> 0

<AusTrader00> what is MB trading? 12:00

I heard Esignal has so much problems now a day?

<Brutus> futures broker, no 12:01

<AusTrader00> so.. Esignal does not give me Level II or bid/ask? 12:03

<Pepe> MB trading is like IB, but IB is better

<AusTrader00> I'm with IB.. 12:04

Hate their chart + data... :)

planning to open account with infinitybrokerages. 12:05

<Brutus> bid ask yeas on what I mentioned, LII is + 60USD

<AusTrader00> rediculusly expensive... LOL.

<Pepe> I hate too their chart 12:06

I use Genesis or Medved Quote tracker 12:07

<AusTrader00> what about yr data feed ? Esignal as well?

<werner> why not ts ,with 10 round trades the patform is free 12:10

<Pepe> Their data recently are good. I dont use Esignal.

I like IB, because I like trade OPTION. 12:11

yes. IB data is Free

<AusTrader00> so TS.. no data fee ?

<Pepe> with 10 round trades the patform is free

<AusTrader00> yes.. but IB data is not true tick.

<werner> yep

<Pepe> Genesis real time data is not free. 12:12

<AusTrader00> I might just sign up with TS to test the water....

<werner> http://www.tradestation.com/fees/All_Ass et_Types.shtm

<AusTrader00> But infinitybrokerage is attractive cause of their margin.. $500 for ES

<Pepe> Sometimes Genesis tick data are different with IB tick data

I dont use Tradestation 12:13

<werner> ts very stable

<AusTrader00> thanks i'll check them all out. 12:15

<werner> yw 12:16

<Pepe> yw

:)

I sometimes use Medved with IB data. 12:17

I know TS is good too.

<NihabaAshi> Shorts ER2 @ 786.60 -> small size 12:27

2 only

Late entry because I should have been short around 788.30 12:28

Got caught doing too much analysis instead of going with my "intuition".

I also entered at the close of a Dark WRB :( 12:29

Covered all ER2 Short @ 787.40 --> - 0.8 12:30

Long ER2 @ 787.90 -> small size

<szubaark> tight range so far

<NihabaAshi> 3 only

Exited 2/3 ER2 Long @ 789.50 --> + 1.6 12:34

Exited Remainder ER2 Long @ 789.30 --> + 1.4

No late entry :) 12:35

<szubaark> Buys ES @ 1442.25 «« paper »»

<intowin> good trading folks.. I have some friends coming over for some wakeboarding so out the rest of the day..

<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) 12:36

<Pepe> very nice long Nihaba

<NihabaAshi> Actually, it was a late entry...should have been Long no more than 787.50

However, with this type of volatility...that type of price chasing is ok. 12:37

Reminder -> #FuturesTrades chat room trade posting archived logs are posted @ http://www.thestrategylab.com/RecentTrad es.htm (today's log will be updated tonight by 9pm est) 12:40

<pat255> thks N

<NihabaAshi> Long ER2 @ 787.00 -> small size 12:54

1 only

Long ER2 @ 785.90 -> Add 12:56

I think I had a trade earlier today like this via an ADD that resulted in an overall loss.

Will be more careful this time around.

<szubaark> im taking some heat on my Long as im sitting thru this pullback :( 12:57

<NihabaAshi> Exited 1/2 ER2 Long @ 787.10 --> + 1.2 12:58

Exited Remainder ER2 Long @ 787.20 --> + 0.2

<szubaark> we are due for a Volatility spike and get out of this range, hopefully up since im Long 12:59

<NihabaAshi> There's ER2 volatility spike 13:02

<szubaark> i need new highs also on ES

1443 needs to Bust thru 13:04

exit stop set ES @ 1442 «« paper »» 13:07

<NihabaAshi> Good short risk and good position reversal opportunity if wrong on the short.

<szubaark> u mean Long?

u mean if Wromg on the Long?

<NihabaAshi> No 13:08

Meant that ER2 is good for a short around the price action at that time (789.20) and if wrong...easy position reversal from a Short into a Long position. 13:09

<szubaark> still waiting for my spike tp upside.. 13:10

<NihabaAshi> Shorts ER2 @ 790.00 -> small size 13:12

1 only

<szubaark> hmmm

Exited all Long ES at 1446 --> + 3.75 «« paper »»

<NihabaAshi> Covered ER2 Short @ 791.10 --> - 1.1

Reverse and Enter Long ER2 @ 791.10

<szubaark> got my Volatility spike, also near next Resistance. 13:13

<NihabaAshi> I won't get much out of this WRB except for a few ticks if that :(

<szubaark> ES,NQ Major Resistance ZOnes here 13:14

<NihabaAshi> Exited ER2 Long @ 792.20 --> + 1.1 13:16

Did a little churning there :(

Wow...that's a power move the last 1min of trading. 13:19

<szubaark> Shorts ES @ 1448 «« paper »» 13:20

<NihabaAshi> Long ER2 @ 794.20 -> small size

2 only 13:21

there's still a little volatility up at this price area since the bounce

<szubaark> exit stop set ES @ 1450 «« paper »» 13:22

<NihabaAshi> If I'm wrong...I will need that volatility to help me on my position reversals.

Exited ER2 Long @ 793.20 --> - 1 13:24

Reverse and Enter Short ER2 @ 793.20

<szubaark> im not looking for much on this, just a scalp

<NihabaAshi> spouse just returned home...

This will be a quick trade and I'll go on a break from trading.

<Brutus> dont grovel, be strong! 13:25

<szubaark> exit stop set ES @ 1448 «« paper »» 13:26

Protecting Profits

<NihabaAshi> Covered ER2 Short @ 792.90 --> + 0.3

be back later

<szubaark> also lowering my Profit Target on this by 3 Ticks.

* NihabaAshi is now known as NihabaAshi_away

<szubaark> Covered all Short ES at 1445 --> + 3 «« paper »» 13:29

break time..

* szubaark is now known as szubaark_away 13:30

<Brutus> nice hold Szu creeper up to creeper down :) 13:33

* NihabaAshi_away is now known as NihabaAshi 13:53

<Brutus> http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={d776a c6c-ddd7-4434-a8ab-83c447baab6d} 13:55

<NihabaAshi> Shorts ER2 @ 789.80 -> small size 14:00

3 only

Lots of downside pressure by Oil right now. 14:01

I'm trying to ride it on Oil's back tail

:( 14:02

Oil trying very hard to stablize. 14:03

It has a good chance but if it fails...I should be able to ride ER2 down further.

If it stabilize...I'll dump ER2 around 789.00

Covered 2/3 ER2 Short @ 788.90 --> + 0.9 14:05

Oil still trying hard not to fall on the slippery ice. 14:07

Gold looking weaker now. 14:08

Covered Remainder ER2 Short @ 788.80 --> + 1 14:12

:( 14:13

Oil and Gold now in a small range of the prior few intervals...same with ER2... 14:16

Thus, I'm expecting a volatility spike here soon.

WRB Analysis

Learn More

* Looking up StockJock user info... 14:17

* Retrieving #futurestrades modes... 14:34

<NihabaAshi> Long ER2 @ 789.30 -> small size 14:41

1 only 14:42

<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> I need some help from the VIX although I'm getting some help from VXN. 14:44

Exited ER2 Long @ 791.50 --> + 2.2 14:45

* _sep34 is now known as _sep34_away 14:51

* _sep34_away is now known as _sep34 15:07

<jperl> done for today....trades here... 15:17

http://charts.dacharts.com/2007-08-17/JP ERL_012.jpg

<Pepe> very nice 15:18

<jperl> tx

<Brutus> Good job, nice closing trades JP 15:23

<jperl> tx 15:24

<NihabaAshi> Shorts ER2 @ 792.10 -> small size 15:40

1 only

I'm at a WRB profit target 1 right now...will continue holding (letting it ride). 15:42

exit stop lowered ER2 @ 791.50

There's some good support here. 15:44

Hopefully there's a volatility spike at 4pm est when the stock market closes and that volatility pushes price downwards instead of upwards. 15:55

Just put any order in...lets see if I get a fill. 16:00

Doesn't look like I'll get a 786.00 :) 16:02

Covered ER2 Short @ 790.20 --> + 1.9 16:04

<werner> gn all 16:09

<NihabaAshi> Incredible week of volatility and trading.

Hopefully it stays like this for the remainder of August.

<Brutus> US STOCKS EXTEND GAINS ON BACK OF FED CUT

Stocks extend earlier gains in late-session trading, in a rally triggered by the Federal Reserve's half-point cut to one of its main interest rates. Move followed the worst single-session decline in Japanese stocks in seven years. Financial sector shares, which has been hit hard lately, lead the move higher. Dow up more than 250 points.

FED DISCOUNT RATE CUT SETS STAGE FOR SEPTEMBER EASE

With risks to the economy from financial market turbulence rising, the Fed surprises markets by lowering the rate it charges banks on loans they receive from the Fed's discount window by 50 bps to 5.75%. In citing rising risks to the economy, the Fed has effectively moved to an easing bias.

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

DJIA up 229.80 points to 13078.59

NASDAQ up 53.15 points to 2504.43

S&P 500 up 34.24 points to 1445.45

10-year T-note down 2/32 at 100 20/32 yield 4.670

NYMEX Spot Crude down $0.22 at $71.76/bbl

Dollar/Euro up 0.0064 at 1.3490

<NihabaAshi> Take care all and have a good weekend 16:11

* NihabaAshi is now known as NihabaAshi_away

<Brutus> u2 have a good one

<Pepe> Have a good weekend all 16:16

* _sep34 is now known as sep34_away 16:38

* sep34_away is now known as sep34 17:02

* DisconnectedSession Close: Fri Aug 17 17:03:27 2007 17:03

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#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.

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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.