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#FuturesTrades August 20th Monday 2007 Trade Log

 

Russell 2000 Emini ER2 Futures

Today Month Year
+24.30 +376.20 +2361.40
$2,430 $37,620 $236,140

Profitable Trade

1438pm - 1503pm est

Losing Trade

1404pm - 1410pm 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 price action between 1206pm - 1216pm est setup a key WRB s/r zone that would support the Russell 2000 Emini ER2 for the remainder of the trading day.

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.
 "We're currently having problems with our IRC text to color conversion script and its preventing us from converting the below text into a colorful user friendly log for reading. Until we get this fixed, all logs are in text only with the color codes (ex. 0,4) still shown below."

Session Start: Mon Aug 20 09:25:54 2007
Session Ident: #FuturesTrades
[09:25] * Now talking in #FuturesTrades
[09:25] <X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
[09:28] <PapaJon> gm all
[09:28] <Pepe> gm all
[09:29] <Pepe> PaaJon I have question. What software do you use for Market Profile?
[09:30] <werner> gm all
[09:31] <PapaJon> i use market delta
[09:31] <base> GM all
[09:32] <Pepe> PapaJon thanks
[09:32] <PapaJon> yw pepe
[09:40] <NihabaAshi> 0,4 Shorts ER2 @ 790.90 -> medium size
[09:41] <Bambam-77> pos re ss es @ 51.25 area
[09:41] <NihabaAshi> I'm trading via a reduced position size due to things occurring with Velocity Futures.
[09:41] <Bambam-77> no chasing is my motto
[09:43] <NihabaAshi> Simply, I've transfered a bulk of my money from Velocity to my bank.
[09:43] <losfer> i am not having quotes for the vix is anybody experiencing the same thing i have IB
[09:43] <Bambam-77> 52.25 stp
[09:43] <Bambam-77> protect ss
[09:44] <Bambam-77> 1st lot off +1.5
[09:45] <Bambam-77> 2nd lot at +2.5
[09:45] <NihabaAshi> 0,2 Covered 2/3 ER2 Short @ 788.80 --> + 2.1

 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: 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) 

[09:45] <Bambam-77> runner left for the home run play trail 2.5 from any net low
[09:46] <Bambam-77> sweet
[09:48] <Bambam-77> looking for 42.50 point of control from friday
[09:54] <asuni> gm niha, when u free can u look at pm
[09:57] <NihabaAshi> 0,2 Covered Remainder ER2 Short @ 790.50 --> + 0.4
[09:59] <Brutus> 1000/1400 Jul Conference Board Leading Econ Indicators
[09:59] <Brutus> Leading Indicators Index -0.3%
[09:59] <Brutus> 08/20/2007 09:58 Volatility Index S&P 500 Options-VIX down .31 to 29.68 - Volatility Index S&P 500 Options-VIX down .31 to 29.68.
[09:59] <Brutus> 08/20/2007 09:57 DJ OIL FUTURES: Nymex Crude, Dn $1.10 At $70.88
[10:00] <Brutus> 08/20/2007 10:00 *DJ US Conference Board: July Leading Index Up 0.4%
[10:09] <szubaark> 0,3 Buys ES @ 1452.25 4,0 «« paper »»
[10:16] * lesAway is now known as les
[10:29] <NihabaAshi> ER2 +8 point range...not much in comparison to all the past trading days :)
[10:30] <pat255> yeah ...guess those are gone for a while
[10:31] <NihabaAshi> Looking back at Friday's price action...
[10:31] <NihabaAshi> We're in a range since Friday 1145am est.
[10:32] <NihabaAshi> With that info...I'm going to try to play this range.
[10:57] <asuni> niha can u look at pm
[11:14] <szubaark> Looks like its just retail trading this small range up and down for ticks
[11:15] <asuni> y, no big boys
[11:16] <pat255> yes ...
[11:18] <X> 1,4 #FuturesTrades Info -> 8,2 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)
[11:18] <pat255> szu looks like em left us ...?
[11:19] <szubaark> yes, that vacation looks more and more suspicious
[11:20] <pat255> yes ...:(
[11:23] <NihabaAshi> I just got word that eminifuture was under SEC and FBI investigation for providing false market info to many institutions that trades the S&P 500 :(
[11:24] <szubaark> he was selling his calls?
[11:24] <Brutus> who are they?
[11:24] <NihabaAshi> Yep
[11:24] <NihabaAshi> Apparently taking positions prior to giving the info to the institutional traders.
[11:24] <NihabaAshi> Sad day in my opinion.
[11:24] <ItalianSharp> NO WAY!!!!
[11:24] <NihabaAshi> Hey all...its a joke :)
[11:25] <ItalianSharp> :))
[11:25] <ItalianSharp> how's eminitrader niha? is he ok?
[11:25] <NihabaAshi> He said he's ok.
[11:26] <NihabaAshi> It's just a long vacation.
[11:26] <Brutus> eminitrader, you said eminifuture :)
[11:26] <asuni> who is eminifuture?
[11:26] <NihabaAshi> I intentionally did want to say "eminitrader" so I used "eminifuture".
[11:27] <NihabaAshi> By the way, I'll delete this conversation from tonights Logs :)
[11:27] <werner> lol
[11:27] <pat255> lol
[11:27] <NihabaAshi> I don't want visitors reading the log and think we aren't serious about trading :)
[11:28] <pat255> :)
[11:29] <werner> a joke always welcome here
[11:29] <NihabaAshi> 0,3 Long ER2 @ 789.30 -> small size
[11:29] <NihabaAshi> 3 only
[11:30] <NihabaAshi> Many years ago there use to be a very good website with daily jokes about the markets.
[11:30] <NihabaAshi> I can't remember their name but they were good stuff.
[11:30] <werner> funny
[11:31] <NihabaAshi> They also had cartoon or illustration stuff too.
[11:31] <werner> :)
[11:31] <NihabaAshi> No signal on this trade here...
[11:31] <NihabaAshi> Playing the range.
[11:33] <NihabaAshi> 0,3 Long ER2 @ 788.60 -> Add
[11:36] <NihabaAshi> 0,2 Exited 1/2 ER2 Long @ 789.60 --> + 1
[11:37] <NihabaAshi> 0,2 Exited ER2 Long @ 789.60 --> + 0.3
[11:37] <NihabaAshi> Holding 1 contract only
[11:38] <szubaark> Nice Long at bottom of Range.
[11:38] <NihabaAshi> Unfortunately, the volatility dried up and it seems like it hit a resistance area around 789.60
[11:40] <NihabaAshi> I just lost my patience...looking to dump this contract.
[11:43] <NihabaAshi> 0,2 Exited Remainder ER2 Long @ 789.70 --> + 0.4
[11:57] <NihabaAshi> Obvious range expansion occuring.
[11:57] <NihabaAshi> 0,4 Shorts ER2 @ 774.10 -> small size
[11:57] <NihabaAshi> I'm not looking for much
[11:58] <NihabaAshi> 2 only
[11:59] <NihabaAshi> Ooops...incorrect entry typed...
[11:59] <NihabaAshi> Making corrections
[11:59] <NihabaAshi> 0,4 Shorts ER2 @ 784.10 -> small size
[11:59] <NihabaAshi> not 774.10
[12:00] <NihabaAshi> So far I'm getting more than I expected on this trade :)
[12:00] <NihabaAshi> 0,2 Covered 1/2 ER2 Short @ 782.70 --> + 1.4
[12:00] <NihabaAshi> 0,2 Covered Remainder ER2 Short @ 783.70 --> + 0.4
[12:01] <NihabaAshi> I was only looking for 3 - 5 ticks
[12:03] <NihabaAshi> weak looking hammer on the 3min chart but it does have a little support.
[12:04] <NihabaAshi> That makes it a good position reversal candidate if wrong on a Long position.
[12:04] <NihabaAshi> 0,3 Long ER2 @ 783.70 -> small size
[12:04] <NihabaAshi> Got a good risk entry within the lower shadow of the Hammer line...
[12:04] <NihabaAshi> Lets see what happens.
[12:05] <NihabaAshi> 1 only
[12:06] <NihabaAshi> 0,2 Exited ER2 Long @ 784.80 --> + 1.1
[12:10] <NihabaAshi> 0,4 Shorts ER2 @ 782.20 -> small size
[12:11] <NihabaAshi> 1 only
[12:11] <NihabaAshi> high risk trade
[12:12] <NihabaAshi> it retraced too much for me...looking to dump it
[12:12] <NihabaAshi> 0,2 Covered ER2 Short @ 781.80 --> + 0.4
[12:14] <NihabaAshi> Last two trades in combo I made 1.50 points.
[12:14] <NihabaAshi> Had I stayed in the Long and got a loss instead of a winner...
[12:14] <pat255> not bad N..
[12:15] <NihabaAshi> I would have reversed the losing Long (1 contract) into a Short (2 contracts) around 783.00
[12:15] <pat255> ater guys ty all
[12:15] <NihabaAshi> Thus, I would have gotten a -0.7 loss and about a 2 point profit on each of the Short contracts :(
[12:16] <NihabaAshi> Simply, sometimes it pays much better to get an initial loss :)
[12:16] <NihabaAshi> It's stuff like that that helps me get over my fear of taking a loss.
[12:17] <NihabaAshi> Another way to look at it...
[12:17] <NihabaAshi> Sometimes a losing trade will open up better opportunities down the road.
[12:20] <werner> thats indd the best way to look at it :)
[12:39] <szubaark> 0,4 Shorts ES @ 1441.25 4,0 «« paper »»
[12:56] <szubaark> 0,2 Covered all Short ES at 1439 --> + 2.25 4,0 «« paper »»
[13:07] <NihabaAshi> 0,3 Long ER2 @ 783.00 -> small size
[13:07] <NihabaAshi> 2 only
[13:07] <Pepe> can i ask u guys if anyone trades through volume and market profile?


[13:08] <NihabaAshi> Although the trade immediately went against me after entry...
[13:09] <NihabaAshi> It was still a great entry.
[13:09] <NihabaAshi> Just got to manage my exit.
[13:09] <Pepe> well its going up good :)
[13:10] <NihabaAshi> 0,2 Exited 1/2 ER2 Long @ 784.20 --> + 1.2
[13:13] <NihabaAshi> I'm getting no where with the remainder after giving it some extra breathing room.
[13:15] <NihabaAshi> 0,2 Exited Remainder ER2 Long @ 783.20 --> + 0.2
[13:21] <X> 1,4 #FuturesTrades Info -> 8,2 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)
[13:25] <NihabaAshi> Market still fighting to establish a support area.
[14:04] <NihabaAshi> 0,3 Long ER2 @ 783.20 -> small size
[14:04] <NihabaAshi> 2 only
[14:08] <NihabaAshi> hmmm...some range here and volatility is contracting fast.
[14:08] <NihabaAshi> I'm expecting a volatility breakout here soon...
[14:09] <NihabaAshi> preparing to reverse if needed.
[14:10] <NihabaAshi> 0,2 Exited all ER2 Long @ 782.20 --> - 1
[14:13] <NihabaAshi> 0,3 Long ER2 @ 783.60 -> small size
[14:13] <NihabaAshi> 3 only
[14:15] <NihabaAshi> 0,3 Long ER2 @ 782.50 -> Add
[14:17] <NihabaAshi> shake out
[14:19] <NihabaAshi> Yet, there's still good volatility...worth staying in the trade.
[14:19] <pdays> 0,3 Long ER2 @ 782.5 4,0 «« paper »»
[14:19] <pdays> 0,2 Exited all ER2 Long @ 782.8 --> + 0.3 4,0 «« paper »»
[14:21] <NihabaAshi> 0,2 Exited 1/2 ER2 Long @ 783.20 --> + 0.7
[14:22] <NihabaAshi> 0,2 Exited ER2 Long @ 785.00 --> + 1.4
[14:22] <NihabaAshi> Holding 1 contract
[14:26] <NihabaAshi> :(
[14:26] <NihabaAshi> 0,2 Exited Remainder ER2 Long @ 783.80 --> + 0.2
[14:27] <NihabaAshi> I"m in profit protection mode...
[14:28] <NihabaAshi> Will now only do 1 contract only trades.
[14:38] <NihabaAshi> 0,3 Long ER2 @ 787.10 -> small size
[14:38] <NihabaAshi> 1 only
[14:38] <NihabaAshi> Not expecting much on this trade
[14:42] <NihabaAshi> I've changed my target to 790.00
[14:43] <NihabaAshi> Or a price action within ticks of that.
[14:43] <ItalianSharp> niha, you think ER2 is going to make new highs?
[14:43] <NihabaAshi> That's an s/r zone of the price drop that begin around 1146pm est
[14:43] <NihabaAshi> New highs...not sure.
[14:48] <szubaark> 0,4 Shorts ES @ 1443.75 4,0 «« paper »»
[14:50] <szubaark> 0,6 exit stop lowered ES @ 1443.75 4,0 «« paper »»
[14:51] <szubaark> ES Pause here :((
[14:52] <szubaark> 0,2 Covered all Short ES at 1443.75 --> 0 4,0 «« paper »»
[14:52] <szubaark> :L(
[14:54] <intowin> 0,4 short ES @ 1443
[14:55] <intowin> stopped out
[14:55] <intowin> 1445
[14:56] <intowin> 0,2 Covered all ES Short @ 1445 --> - 2
[14:57] <szubaark> now maybe pullback
[14:58] <NihabaAshi> Got some distractions here via a family problem...
[14:59] <NihabaAshi> Will adjust my stop because of such.
[14:59] <NihabaAshi> 0,6 exit stop raised ER2 @ 787.20
[14:59] <intowin> 0,3 Long ES @ 1445.25
[14:59] <NihabaAshi> Be back later and will post late trade if stop is hit.
[14:59] * NihabaAshi is now known as NihabaAshi_away
[15:00] <NihabaAshi_away> Got price alarm set for 790.00
[15:00] <NihabaAshi_away> Bye
[15:02] <Pepe> very nice nihaba
[15:02] * NihabaAshi_away is now known as NihabaAshi
[15:03] <NihabaAshi> 0,2 Exited ER2 Long @ 790.40 --> + 3.3
[15:03] <intowin> nice call
[15:03] <NihabaAshi> :)
[15:03] <codehead> nice
[15:03] * NihabaAshi is now known as NihiabaAshi_away
[15:05] <Brutus> Good analysis n
[15:08] <intowin> 0,2 Exited all ES Long @ 1449.75 --> + 4.5
[15:11] <codehead> nice
[15:12] <Brutus> nice reversal
[15:12] <codehead> szu--there was a cci famir 100 points ago on Ym 5 min--i called it to friend, but was busy with stocks--still no exit signal on it
[15:13] <intowin> I keep getting my wallet back and then some but it would be nice to avoid the first bad trade I have had lately : )
[15:14] <intowin> well these areas put me out for the day... Hopefully I will have time to come in tommorow afternoon. cya
[15:27] <X> 1,4 #FuturesTrades Info -> 8,2 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)
[15:43] * sep34 is now known as sep34_away
[15:52] <Brutus> http://atimes.com/atimes/Global_Economy/IH14Dj01.html
[16:02] <codehead> long 6 ticks above the low of day on YM, short 3 ticks below the high--i still didn't make very much
[16:03] <codehead> bad habit of hunting tops and bottoms, then getting nervous and bailing early
[16:04] <codehead> thought it was too late in the day to hold that short , but it dropped 80+
[16:08] <Brutus> U.S. stocks turn positive late in the session as the Federal Reserve's attempt to calm financial markets bore fruit and financial stocks and home builders lift from their lows. The Dow Jones Industrial Average gains 59 points.
[16:08] <Brutus> ============ U.S. MARKETS ACTION ===========
[16:08] <Brutus> DJIA up 58.61 points to 13140.29
[16:08] <Brutus> NASDAQ up 4.21 points to 2509.24
[16:08] <Brutus> S&P 500 up 2.25 points to 1447.73
[16:08] <Brutus> 10-year T-note up 11/32 at 100 28/32 yield 4.638
[16:08] <Brutus> NYMEX Spot Crude down $0.86 at $71.12/bbl at close
[16:08] <Brutus> Dollar/Euro up 0.0007 at 1.3480
[16:08] <Brutus> http://custom.marketwatch.com/custom/tdameritrade-com/html-story.asp?guid={b19484cd-ff96-4042-8fb4-2bf44d841435}
[16:16] <Brutus> http://custom.marketwatch.com/custom/tdameritrade-com/html-story.asp?guid={9c3eb315-f4d2-4c28-ba0b-c9077d5fc818}
[16:19] <werner> gn all
[16:34] <Pepe> good night ALL
[16:47] * Disconnected
Session Close: Mon Aug 20 16:47:01 2007

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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 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

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