#FuturesTrades August 22nd Wednesday 2007 Trade Log

Trading via WRB Analysis: The price action between 1310pm - 1316pm est setup a 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.
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Session Start: Wed Aug 22 09:04:56 2007 Session Ident: #FuturesTrades [09:04] * Now talking in #FuturesTrades [09:04] <X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm [09:25] <PapaJon> gm all [09:29] * subq market profile charts for today [09:29] * subq http://www.charthub.com/images/2007/08/22/er2_rth_mp.png [09:29] * subq http://www.charthub.com/images/2007/08/22/es_rth_mp.png [09:29] * subq http://www.charthub.com/images/2007/08/22/nq_rth_mp.png [09:29] * subq http://www.charthub.com/images/2007/08/22/ym_rth_mp.png [09:31] <Pepe> are u actually trade based on MP subq? [09:31] <pat255> gm all [09:36] <NihabaAshi> 0,3 Long ER2 @ 800.60 -> medium size [09:37] <subq> Pepe of course [09:37] <subq> why else would i look at it [09:41] <NihabaAshi> 0,2 Exited 3/4 ER2 Long @ 802.00 --> + 1.4 [09:42] <NihabaAshi> 0,2 Exited Remainder ER2 Long @ 800.70 --> + 0.1 [09:44] * lesAway is now known as les [09:44] <NihabaAshi> Tough price action via small range intervals after a GAP to the upside at the Open :( [09:44] * les is now known as lesC [09:44] * lesC is now known as les [09:45] <NihabaAshi> Volatility very low for some odd reason...maybe there's a rumor circulatiing and traders are just "waiting". [09:46] <les> i'm not surprised...er2 just sitting below all that resistance on the daily around 802 [09:52] * Looking up onewrite user info... [09:53] * Looking up r1chard user info... [09:55] <szubaark> 0,3 Buys ES @ 1465 4,0 «« paper »» [09:59] <NihabaAshi> volatility has been contracting since the past Friday afternoon trading session. [09:59] <ItalianSharp> it's not a coincidence that mkts stopped falling [10:01] <NihabaAshi> 0,4 Shorts ER2 @ 800.80 -> small size [10:01] <NihabaAshi> 1 only [10:03] <ItalianSharp> only hope to get out of this early range is the 10.30am oil report [10:04] <NihabaAshi> I've lower my "emergency hard stop" from -4 points to -2.5 points due to the circulating rumors that we may get a surprised FED rate cut. [10:04] <ItalianSharp> niha, where did you hear of these rumors? [10:04] <szubaark> 0,2 Exited all Long ES at 1463 --> - 2 4,0 «« paper »» [10:04] <szubaark> 0,4 Shorts ES @ 1463 4,0 «« paper »» [10:05] <ItalianSharp> its on bloomberg, never mind [10:05] <NihabaAshi> Gold and Oil traders (institution) and Emini traders (online). [10:05] <Kaka> i don;t think theres gonna be any FED rate cut [10:05] <NihabaAshi> Until then...its not going to hurt my bottom line to tighten up my "hard stops". [10:07] <Brutus> certainly some good volume out the gate today and shorts are not aggressive [10:08] <NihabaAshi> Looks like the 1030am est EIA Petroleum Status report will be used to spark some volatility... [10:08] <NihabaAshi> How long it last is another question. [10:09] <NihabaAshi> I've just lost my patience with this Short... [10:09] <NihabaAshi> Looking to dump it. [10:10] <NihabaAshi> 0,2 Covered ER2 Short @ 801.30 --> - 0.5 [10:10] <NihabaAshi> 0,3 Reverse and Enter Long ER2 @ 801.30 [10:12] <NihabaAshi> I'm expecting volatility to start picking up around 1015am est [10:14] <NihabaAshi> 0,2 Exited ER2 Long @ 801.50 --> + 0.2 [10:14] <NihabaAshi> too jumpy for me [10:17] <les> 0,4 Shorts ER2 @ 800.5 4,0 «« paper »» [10:17] <les> sorry late post [10:18] <les> 0,4 Shorts ER2 @ 800.3 -> Add 4,0 «« paper »» [10:18] <NihabaAshi> weak dark hammer line on ER2 2min chart [10:18] <NihabaAshi> 0,4 Shorts ER2 @ 800.20 -> small size [10:19] <NihabaAshi> 1 only [10:19] <szubaark> Niha u said, this chop continues from friday [10:20] <les> 0,2 Covered 1/2 ER2 Short @ 799.4 --> + 0.9 4,0 «« paper »» [10:20] <NihabaAshi> szu...low volatility has been hanging over our heads since Friday afternoon trading session. [10:22] <NihabaAshi> 0,2 Covered ER2 Short @ 798.90 --> + 1.3  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)  [10:32] <les> 0,4 Shorts ER2 @ 799.7 -> Add 4,0 «« paper »» [10:40] <les> 0,4 Shorts ER2 @ 800.6 -> Add 4,0 «« paper »» [10:53] <NihabaAshi> 0,4 Shorts ER2 @ 800.70 -> small size [10:53] <NihabaAshi> A little jumpy...if it gets too jumpy...I'll dump it. [10:54] <NihabaAshi> 1 contract only [10:57] <les> 0,2 Covered 1/3 ER2 Short @ 799.6 --> + 1 4,0 «« paper »» [11:00] <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) [11:01] <NihabaAshi> I might get lucky and see this trade test the lower range of today's price action [11:04] <Pepe> nice [11:06] <les> 0,2 Covered 1/3 ER2 Short @ 798.3 --> + 2.2 4,0 «« paper »» [11:08] <NihabaAshi> 0,2 Covered ER2 Short @ 798.40 --> + 2.3 [11:08] <szubaark> nice les.. [11:08] <les> thx szu [11:08] <les> i left [11:08] <szubaark> and Niha [11:08] <les> 1 left [11:08] <NihabaAshi> Yeah...caught a WRB pt2 level target [11:09] <les> me too :) [11:09] <szubaark> im still holding [11:09] <les> s or l? [11:09] <szubaark> [10:09] > Shorts ES @ 1463 «« paper »» [11:10] <szubaark> that gap got me greedy [11:10] <les> nice entry [11:11] <NihabaAshi> 0,4 Shorts ER2 @ 798.00 -> small size [11:11] <NihabaAshi> Oil trying hard to push below its current weak support area. [11:12] <NihabaAshi> ER2 getting jumpy :( [11:12] <les> 0,4 Shorts ER2 @ 798.6 -> Add 4,0 «« paper »» [11:13] <szubaark> ES at yersturday's high Support here [11:13] <base> Actually, the down move has been stopped (at leas temporarily) by R1 at 797.10 [11:15] <NihabaAshi> 0,2 Covered ER2 Short @ 798.60 --> - 0.6 [11:15] <NihabaAshi> 0,3 Reverse and Enter Long ER2 @ 798.60 [11:15] <NihabaAshi> 2 only [11:17] <pdays> 0,3 Long ER2 @ 798.4 4,0 «« paper »» [11:17] <pdays> 0,2 Exited all ER2 Long @ 798.9 --> + 0.5 4,0 «« paper »» [11:18] <NihabaAshi> Oil found some support but the dead volatility is problematic for Oil, Gold, Eurex, Euronext and Eminis :( [11:20] <NihabaAshi> 0,2 Exited 1/2 ER2 Long @ 799.40 --> + 0.8 [11:20] <NihabaAshi> Holding 1 contract [11:24] <NihabaAshi> Gold (GOX.X) at an intraday high [11:28] <NihabaAshi> 0,2 Exited Remainder ER2 Long @ 799.60 --> + 1 [11:31] <szubaark> Niha was your Long entry based on Oil,Gold finding "Support"? [11:32] <NihabaAshi> Yes [11:34] <NihabaAshi> reason why I added a contract on the position reverse [11:38] <szubaark> 0,2 Covered all Short ES at 1463 --> 0 4,0 «« paper »» [11:38] <szubaark> should have taken my +3 points :(( [11:40] <asuni12> not a good day to stay too long in a trade szu [11:41] <asuni12> same for me,in gain for 1.2 point in er2 and then aout at be [11:42] <szubaark> just tough price action with this Volatility contraction
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	[11:59] <NihabaAshi> Another mortgage lender bites the dust... [11:59] <NihabaAshi> http://www.marketwatch.com/news/story/accredited-home-halt-lending-slashes/story.aspx?guid=%7BB2E86945%2D7394%2D4546%2D92E7%2DAB85A018C366%7D&dist=hplatest [12:02] <Brutus> 08/22/2007 12:00 *DJ Fed's Fisher: Markets Tend To Overshoot - Magazine Interview [12:02] <Brutus> 08/22/2007 12:02 *DJ Fed's Fisher: Fed's Job Is Not To Bail Out Risk Takers [12:06] <NihabaAshi> I see some support here... [12:06] <NihabaAshi> I'm looking for a Long if support holds. [12:07] <NihabaAshi> 0,3 Long ER2 @ 798.30 -> small size [12:08] <NihabaAshi> I barely missed grabbing a 798.20 entry :( [12:13] <NihabaAshi> 0,2 Exited ER2 Long @ 798.50 --> + 0.2 [12:13] <NihabaAshi> Got pick pocketed :( [12:23] <NihabaAshi> 0,4 Shorts ER2 @ 798.30 -> small size [12:24] <les> 0,2 Covered 1/3 ER2 Short @ 798.1 --> + 0.5 4,0 «« paper »» [12:24] <NihabaAshi> 2 only and trying to get my profit target goal of the day [12:27] <NihabaAshi> 0,2 Covered all ER2 Short @ 798.10 --> + 0.2 [12:27] <NihabaAshi> got shook out by Oil :( [12:28] <NihabaAshi> 0,4 Shorts ER2 @ 797.30 -> small size [12:28] <NihabaAshi> 1 only [12:29] <NihabaAshi> :( [12:29] <les> 0,2 Covered Remainder ER2 Short @ 796.6 --> + 3.9 4,0 «« paper »» [12:30] <les> done for today [12:30] <NihabaAshi> This a tough short... [12:30] <les> likely more downside to grab from, but i gotta go unfortunately :( [12:30] <NihabaAshi> Glad I didn't give up on that short and jumped back in when Oil wehnt south. [12:31] <NihabaAshi> 0,2 Covered ER2 Short @ 796.90 --> + 0.4 [12:31] <NihabaAshi> :( [12:31] <NihabaAshi> shook out again [12:33] <NihabaAshi> 0,4 Shorts ER2 @ 795.20 -> small size [12:33] <NihabaAshi> 1 only [12:33] <NihabaAshi> Hopefully I can hold this trade [12:33] <NihabaAshi> Hammer trying to form :( [12:36] <NihabaAshi> 0,2 Covered ER2 Short @ 795.50 --> - 0.3 [12:36] <NihabaAshi> 0,3 Reverse and Enter Long ER2 @ 795.50 [12:36] <NihabaAshi> 2 only [12:40] <NihabaAshi> 0,2 Exited all ER2 Long @ 796.70 --> + 1.2 [12:40] <szubaark> 0,4 Shorts ES @ 1458.25 4,0 «« paper »» [12:41] <NihabaAshi> Hammer lines gave me a good warning about my Short position and I was able to minimize the damage. [12:42] <NihabaAshi> It also allowed me to get my profit target goal of the day. [12:42] <NihabaAshi> Thus, Il'll be 1 contract only for the remainder of the day...profit protection mode. [12:44] <szubaark> nice job. [12:48] <Brutus> 08/22/2007 12:44 *DJ PIMCO Gross: May Be Time To Shift To More Risk-Taking Stance [12:48] <Brutus> 08/22/2007 12:44 *DJ Gross: Fed, Treasury On Top Of Current Market Situation [12:50] <Brutus> Time to fade such comments, ES going to test 1375 :)) [13:03] <szubaark> intowin any trades today? [13:03] <intowin> just got in [13:03] <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) [13:07] <intowin> I guess Emini does those power vacations [13:07] * codehead_afk is now known as codehead [13:07] <szubaark> well.. too bad i lost his email, would like to find out what the real deal is [13:07] <NihabaAshi> Yeah but he missed the best volatility duration of the year so far :( [13:08] <intowin> very strange indeed.. [13:09] <szubaark> ES losing support here would put me Profitible for the day :) [13:10] <intowin> did you short the open szu? [13:10] <szubaark> [12:44] > Shorts ES @ 1458.25 «« paper »» [13:11] <intowin> oh making up other lost ground.. gotcha [13:12] <szubaark> had another Short@1463 but got too greedy and didnt take +3 points [13:13] <intowin> yeah I have been doing better now that I am doing multiple contracts... scale out... [13:14] <szubaark> i can only do 1 contract as my Stops are too wide "sometimes" [13:15] <szubaark> intowin, ES yersturday High acting as Support/Resistance all day [13:15] <intowin> yep I just dont have the feel yet.. not sure what its gonna do but your right.. [13:15] <szubaark> 0,2 Covered all Short ES at 1454.75 --> + 3.5 4,0 «« paper »» [13:16] <intowin> nice [13:16] <szubaark> thx.. needed that to end Profitible for the day. [13:17] <Brutus> Good 1 szu [13:17] <intowin> looks like I may have come an hour late today... [13:22] <ItalianSharp> wow, nice counterthrust [13:23] <ItalianSharp> eminis might have seen the bottom for today [13:49] <NihabaAshi> 0,4 Shorts ER2 @ 797.40 -> small size [13:49] <NihabaAshi> 1 only and I missed a 797.70 entry [13:49] <NihabaAshi> Also, just realized I haven't had an extended break from trading today... [13:50] <NihabaAshi> I'm starting to feel some mental sluggishness... [13:50] <NihabaAshi> Will be taking a long break after this trade. [13:52] <NihabaAshi> 0,2 Covered ER2 Short @ 797.20 --> + 0.2 [13:52] * NihabaAshi is now known as NihabaAshi_away [14:35] <szubaark> its tough to time these counterthrusts for entries as they dont appear to be retracements or pullbacks [14:35] <intowin> 0,3 Long ES @ 1456.50 [14:35] <Brutus> 08/22/2007 14:35 HOT: Lehman Brothers-LEH shuts BNC Morgage Unit, impacts 1200 jobs-Bloomberg [14:35] <intowin> .5 stop [14:36] <intowin> 0,6 exit stop set ES @ 1455.75 [14:36] <intowin> probably stop out but hey [14:38] <intowin> 0,2 Exited 1/2 ES Long @ 1459 --> + 2.5 [14:38] <intowin> b/e on rest [14:43] <intowin> 0,2 Exited all ES Long @ 1460 --> + 3.5 [14:44] <Brutus> good trade IT [14:45] <intowin> little scary buying with a .5 stop but low risk [14:46] <Brutus> good entry they use the news to run a few stops [14:49] <szubaark> nice intowin [14:50] <intowin> ty I usually like to let the second one go but still dont have a fill for this afternoon [14:51] <intowin> 0,3 Long ES @ 1460.75 [14:54] <intowin> 0,2 Exited all ES Long @ 1460.75 --> 0 [15:06] <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) [15:23] * NihabaAshi_away is now known as NihabaAshi [15:59] <intowin> hopefully be back tommorow afternoon.. gn [16:08] <Bambam-77> might close around 68.75 8/8 mm [16:09] <werner> gn all [16:10] <Brutus> ============ U.S. MARKETS ACTION =========== [16:10] <Brutus> DJIA up 129.50 points to 13217.68 [16:10] <Brutus> NASDAQ up 30.82 points to 2552.11 [16:10] <Brutus> S&P 500 up 14.84 points to 1462.07 [16:10] <Brutus> 10-year T-note down 78/32 at 100 29/32 yield 4.634 [16:10] <Brutus> NYMEX Spot Crude down $0.31 at $69.26/bbl at close [16:10] <Brutus> Dollar/Euro up 0.0075 at 1.3536 [16:10] <Brutus> http://custom.marketwatch.com/custom/tdameritrade-com/html-story.asp?guid={eb757ea3-6f93-4adf-aa67-e6115612e624} [16:12] <NihabaAshi> Take care all and have a good one, see all tomorrow. [16:12] * NihabaAshi is now known as NihabaAshi_away [16:17] * Disconnected Session Close: Wed Aug 22 16:17:02 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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