#FuturesTrades August 30th Thursday 2007 Trade Log

Trading via WRB Analysis: The price action between 1004am - 1006am est setup a WRB s/r zone that would provide support to the Russell 2000 Emini ER2 for the remainder of the trading day until around 1430pm est.

After 1430pm est the WRB s/r zone became a resistance area for the Emini ER2.  

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: Thu Aug 30 09:28:19 2007 Session Ident: #futurestrades [09:28] * Now talking in #futurestrades [09:28] <X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm [09:30] <pat255> gm all [09:30] <NihabaAshi> Another GAP down at the Open...they are the most difficult to trade after the opening bell for about 15mins. [09:30] <PapaJon> gm all [09:32] <jperl> ER2 yesterdays VWAP @ 778.94 [09:33] <jperl> 1st StdDev at 783.89 [09:35] <szubaark> 0,4 Shorts ES @ 1455 4,0 «« paper »» [09:37] <Pepe> am all [09:38] <NihabaAshi> volatility contracting [09:38] <NihabaAshi> 0,3 Long ER2 @ 793.40 -> small size [09:39] <NihabaAshi> volatility expansion [09:39] <NihabaAshi> s/r zone right now [09:40] <NihabaAshi> 0,2 Exited 2/3 ER2 Long @ 785.20 --> - 8.2 [09:40] <szubaark> 793? u trading December? [09:41] <NihabaAshi> szu...I'm on the U contract and I posted 793.40 instead of 783.40 [09:41] <NihabaAshi> Will correct when I have a chance. [09:41] <NihabaAshi> posting corrections [09:42] <NihabaAshi> 0,3 Long ER2 @ 783.40 -> small size [09:42] <NihabaAshi> 0,2 Exited 2/3 ER2 Long @ 785.20 --> + 1.8 [09:42] <NihabaAshi> 0,2 Exited Remainder ER2 Long @ 784.40 --> + 1 [09:45] <NihabaAshi> 0,4 Shorts ER2 @ 785.00 -> small size [09:46] <NihabaAshi> 1 only and still within that s/r zone [09:47] <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) [09:47] <NihabaAshi> 0,2 Covered ER2 Short @ 786.20 --> - 1.2 [09:47] <NihabaAshi> 0,3 Reverse and Enter Long ER2 @ 786.20 [09:47] <NihabaAshi> voaltility expanding again [09:49] <NihabaAshi> 0,2 Exited ER2 Long @ 787.10 --> + 0.9  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)  [09:50] <NihabaAshi> volatility dropping fast [09:51] <NihabaAshi> I'm expecting a volatility spike here soon. [09:51] <pdays> 0,3 Long ER2 @ 787 [09:51] <pdays> 0,2 Exited all ER2 Long @ 787.3 --> + 0.3 [09:51] <NihabaAshi> 0,4 Shorts ER2 @ 786.30 -> small size [09:51] <NihabaAshi> 2 only [09:52] <NihabaAshi> 0,2 Covered all ER2 Short @ 787.80 --> - 1.5 [09:53] <NihabaAshi> 0,3 Long ER2 @ 788.60 -> small size [09:53] <NihabaAshi> 2 only [09:54] <NihabaAshi> 0,2 Exited all ER2 Long @ 787.20 --> - 1.4 [09:55] <NihabaAshi> 0,4 Shorts ER2 @ 787.00 -> large size [09:58] <NihabaAshi> I'm on a bronco that's trying to buck me. [09:59] <NihabaAshi> Down for the day right now at -1.5 point. [09:59] <NihabaAshi> Not much and this Short is a good risk trade for me...its the reason why I went Large size. [10:00] <NihabaAshi> :( [10:00] <NihabaAshi> A 785.40 gives me my profit goal for the day [10:02] <bigjim98282> there ya go [10:03] <NihabaAshi> 0,2 Covered 1/2 ER2 Short @ 784.60 --> + 2.4 [10:03] <pat255> vn N ... [10:03] <pat255> power of size [10:05] <NihabaAshi> 0,2 Covered Remainder ER2 Short @ 785.40 --> + 1.6 [10:05] <NihabaAshi> 0,3 Long ER2 @ 786.80 -> small size [10:05] <NihabaAshi> 1 only [10:06] <NihabaAshi> I had a problem trying to reverse those remainder Short into a Long position. [10:06] <NihabaAshi> Should have been Long around 785.40 [10:10] <les> 0,3 Long ER2 @ 788.5 4,0 «« paper »» [10:11] <NihabaAshi> 0,2 Exited ER2 Long @ 787.30 --> + 0.5 [10:11] <NihabaAshi> Got bucked again. [10:13] <NihabaAshi> 0,4 Shorts ER2 @ 786.90 -> small size [10:13] <NihabaAshi> 1 only [10:14] <NihabaAshi> Had I gotten the entry around 787.50 I would have done a Large position [10:14] <NihabaAshi> :( [10:14] <NihabaAshi> ER2 moving too fast for me today to get my size correct on a consistent basis. [10:16] <NihabaAshi> :( [10:16] <NihabaAshi> It's trying to buck me again. [10:18] <NihabaAshi> 0,2 Covered ER2 Short @ 786.50 --> + 0.4 [10:19] <les> 0,3 Long ER2 @ 786.7 -> Add 4,0 «« paper »» [10:24] <NihabaAshi> 0,4 Shorts ER2 @ 786.40 -> small size [10:24] <NihabaAshi> 1 only [10:26] <NihabaAshi> Oil and Gold didn't follow upwards... [10:26] <NihabaAshi> Only reason why I'm still short [10:28] <NihabaAshi> 0,2 Covered ER2 Short @ 787.60 --> - 1.2 [10:28] <NihabaAshi> Gold and Oil now following [10:30] <NihabaAshi> A lot of resistance up here and a good fight so far in this price area. [10:31] <NihabaAshi> 0,3 Long ER2 @ 788.10 -> small size [10:31] <les> 0,2 Exited 1/2 ER2 Long @ 788.8 --> + 2.1 4,0 «« paper »» [10:31] <NihabaAshi> 2 only [10:31] <szubaark> 0,2 Covered all Short ES at 1465 --> - 10 4,0 «« paper »» [10:31] <szubaark> 0,3 Buys ES @ 1465 4,0 «« paper »» [10:31] <szubaark> Im Bullish now [10:31] <bigjim98282> L ES 1464 [10:32] <NihabaAshi> Geesh...perfect timed entry all for nothing due to that quick retracement :( [10:32] <bigjim98282> out ES 1464 even didnt like it [10:33] <bigjim98282> I hope this isnt the return of chop [10:34] <les> still looks like more bullish energy aound [10:36] <bigjim98282> Will go L at cross of 2min 8/3 MA, but VIX took a dive since open [10:38] <les> 0,2 Exited Remainder ER2 Long @ 786.9 --> - 1.6 4,0 «« paper »» [10:42] <les> 0,4 Shorts ER2 @ 786.9 4,0 «« paper »» [10:43] <NihabaAshi> 0,2 Exited all ER2 Long @ 786.60 --> - 1.5 [10:46] <Bambam-77> pos trgt 783.7 [10:46] <Bambam-77> area [10:46] <bigjim98282> wtg les, grab that buck [10:46] <Bambam-77> need to break 783.2 [10:47] <szubaark> screwy price action so far.. tough to read this [10:47] <Bambam-77> 1457.75 is my es pos trgt need to break 1460.25 [10:48] <Bambam-77> chop chop out there [10:48] <bigjim98282> well we had an hour of vol... [10:50] <bigjim98282> L ES 62.75 [10:52] <bigjim98282> out ES +2 [10:53] <bigjim98282> vix dropping [10:57] <NihabaAshi> 0,3 Long ER2 @ 786.50 -> medium size [10:57] <szubaark> that gap down and Overnight downtrend got me fooled into Selling at opening [10:59] <NihabaAshi> Sometimes I wonder if the recent (past 2 months) of ER2 jumpy price action is due to a change in traders trading it via the pending move from the CME to the ICE exchange. [11:00] <NihabaAshi> One minute your up +1 poin and the next few seconds your at a negative on the trade :( [11:01] <Bambam-77> 788.40 is my long trigger confirm otherwise i will look for ss entry [11:02] <pat255> er is too choppy today [11:02] <NihabaAshi> I'm giving ER2 until the seasonal tendencies kick in (October) with this type of "jumpy price action" to fix itself. [11:02] <NihabaAshi> If it continues in October...I will switch trading instruments. [11:02] <bigjim98282> S ES 63.75 [11:02] <Bambam-77> they playing ranges today [11:03] <Bambam-77> er has a tendency to trade 2 point waves [11:03] <bigjim98282> out ES -2 [11:03] <Bambam-77> first trgt off a swing low is usually 4 points [11:04] <NihabaAshi> 0,2 Exited 3/4 ER2 Long @ 788.00 --> + 1.5 [11:05] <Bambam-77> wtg [11:05] <NihabaAshi> Only the privilege were allowed to get out at 788.30 and above :( [11:09] <NihabaAshi> I'm looking for a minimum of 789 on these remainders. [11:09] <NihabaAshi> I want to call it quits as soon as I'm 50% about my profit goal for the day. [11:09] <pat255> good entry on this L.. [11:09] <pat255> missed just cant catch good entry [11:10] <NihabaAshi> The way ER2 has been behaving lately... [11:10] <Bambam-77> if we are to continue to go up er we can not have a rtrc of greater than 2 points from this swing hi [11:10] <NihabaAshi> Feels like I'm running around with a fly swatter trying to hit a pesty fly. [11:11] <les> 0,2 Covered ER2 Short @ 788.4 --> - 1.5 4,0 «« paper »» [11:11] <les> 0,3 Reverse and Enter Long ER2 @ 788.4 4,0 «« paper »» [11:12] <Bambam-77> protect longs [11:12] <les> at last [11:13] <NihabaAshi> 0,2 Exited ER2 Long @ 790.50 --> + 4 [11:13] <NihabaAshi> holding 1 contract [11:14] <NihabaAshi> Geeesh. [11:14] <Bambam-77> wtg [11:15] <les> 0,2 Exited all ER2 Long @ 791.1 --> + 2.7 4,0 «« paper »» [11:16] <les> 0,3 Long ER2 @ 791.3 4,0 «« paper »» [11:16] <NihabaAshi> 0,6 exit stop raised ER2 @ 790.10 [11:19] <NihabaAshi> Only reason why I'm 50% above my profit goal (1k) is due to the big profits when I had some size on the trade. [11:19] <NihabaAshi> However, most in here know that win:loss ratios is at the bottom of my priority list. [11:20] <les> i've had long bias most of the day... [11:20] <NihabaAshi> Instead, position size management is at the top of my priority list. [11:20] <les> was uncomfortable with the short, but took it cos i got a signaa [11:20] <les> signal [11:20] <les> nothing worse than being wrong side of the mkt :) [11:21] <NihabaAshi> 0,2 Exited Remainder ER2 Long @ 793.10 --> + 6.6 [11:21] <les> nice one niha [11:23] <NihabaAshi> If the VIX can move strongly (Up or Down) I usually catch a big trade like that during the trading day. [11:27] <les> 0,3 Long ER2 @ 792 -> Add 4,0 «« paper »» [11:29] <Bambam-77> 790.8 confirm trigger for pos ss [11:39] <Bambam-77> protect longs pos dbl top [11:48] * codehead_afk is now known as codehead [11:50] <Bambam-77> for those who ss the dbl top stp is hi +2tic's [11:52] <Bambam-77> first lot away 92.5 [11:52] <bigjim98282> S ES 69 [11:52] <Bambam-77> stp now 93.7 [11:53] <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) [11:55] <Bambam-77> rtrc to 92.7 pos re ss area [11:55] <bigjim98282> out ES +1 [11:56] <Bambam-77> 792.7 was 2 bar break rtrc level
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	[12:00] <Bambam-77> 1466.5 is my first es trgt if this is a true top [12:01] <Bambam-77> 89.9 is my er trgt [12:02] <Bambam-77> t2 hit 790.9 [12:02] <Mike2> 3 min trend break er2 [12:02] <Bambam-77> 1 lot left [12:03] <Bambam-77> 792.3 stp [12:05] <Bambam-77> 791.20 stp [12:06] <bigjim98282> ride it Bam [12:07] <Bambam-77> 90.30 stp [12:16] <Bambam-77> 86 area would be nice [12:19] <NihabaAshi> ER2 just completed retracing that parabolic up move... [12:19] <Bambam-77> feeling the love now [12:19] <NihabaAshi> Impressive volatility again. [12:20] <bigjim98282> 86 Bam [12:20] <Brutus> nerve gas at UN office desk [12:20] <Bambam-77> 787.5 stp [12:20] <NihabaAshi> 0,4 Shorts ER2 @ 785.50 -> small size [12:20] <NihabaAshi> 1 only [12:21] <Bambam-77> that was nice [12:21] <NihabaAshi> The entry would have been more accurate had I not used the wrong interval. [12:21] <Bambam-77> got taken out [12:21] <NihabaAshi> 5min instead of the 1min [12:21] <bigjim98282> wtg bam, buying lunch [12:22] <Bambam-77> i would love to but my learjet is gounded [12:22] <Brutus> 08/30/2007 12:22 GEN: Nerve gas discovered at U.N., evacuation underway, ABC says-Bloomberg [12:22] <NihabaAshi> 0,2 Covered ER2 Short @ 787.60 --> - 2.1 [12:22] <NihabaAshi> 0,3 Reverse and Enter Long ER2 @ 787.60 [12:24] <Bambam-77> 786.9 pos re entry long [12:24] <Bambam-77> 2bar break rtrc lvl [12:26] <Bambam-77> 790 area pos trgt [12:27] <NihabaAshi> 0,2 Exited ER2 Long @ 787.80 --> + 0.2 [12:28] <NihabaAshi> 0,3 Long ER2 @ 788.20 -> small size [12:28] <NihabaAshi> 2 only [12:29] <Bambam-77> 88.5 t1 hit [12:29] <Bambam-77> stp 87.10 [12:31] <Bambam-77> come on you can do it 790 [12:31] <NihabaAshi> jumpy price action... [12:31] <NihabaAshi> Someone must have told the exchange I was trading again :) [12:32] <Bambam-77> yep [12:34] <Bambam-77> when es hits 1465+ we should get 790 [12:34] <NihabaAshi> geesh...its about time [12:35] <Bambam-77> 1468 es come on [12:35] <NihabaAshi> 0,2 Exited all ER2 Long @ 789.60 --> + 1.4 [12:35] <bigjim98282> wtg N [12:36] <NihabaAshi> that fixes that problematic trade I took on the interval mishap. [12:36] <les> its looking at 791.8now - gap close on the 11:!2 wrb [12:37] <les> 11:12 [12:37] <les> 2 & 4min charts [12:37] <les> after that i'm hoping it'll cook me up some profit on my longs [12:37] <Bambam-77> thats it for me boys i am done for the day [12:38] <Brutus> Good call Bambam [12:38] <les> breaktime...till later [12:38] * les is now known as lesAway [12:39] <intowin> same here.. only one trade today on the fast short. up 5 on es. Back Monday, heading offshore til then.. [12:43] <NihabaAshi> Be back later...taking a well deserved long lunch break. [12:43] <Bambam-77> have a great day all have some pm appointments to go to [12:46] * NihabaAshi is now known as NihabaAshi_away [13:23] <werner> some one use ts in here? [13:28] <werner> my orders are not working in tradestation [13:29] <werner> mor ts users in here? [13:29] <pdays> TS trade server is down [13:30] <werner> ok thnx [13:30] <pdays> they told me 15 min till back up [13:30] <werner> :) [13:32] <werner> not often problems at ts :) [13:37] <werner> ts is working now [13:59] <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) [14:06] <jperl> today's trades here.... [14:06] <jperl> http://charts.dacharts.com/2007-08-30/JPERL_014.jpg [14:06] <jperl> first trade was a position trade that failed.... [14:20] <szubaark> 0,2 Exited all Long ES at 1462 --> - 3 4,0 «« paper »» [14:20] * szubaark is now known as szubaark_away [14:46] * NihabaAshi_away is now known as NihabaAshi [14:49] <NihabaAshi> Wow...a 15 price rise follow by a 14 point price decline. [15:06] <werner> gn all [15:37] <bigjim98282> yep [15:47] <bigjim98282> my platform has been screwy today, will see you all tomorrow [16:02] <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) [16:05] <Brutus> ============ U.S. MARKETS ACTION =========== [16:05] <Brutus> DJIA down 58.12 points to 13233.04 [16:05] <Brutus> NASDAQ down 2.01 points to 2561.20 [16:05] <Brutus> S&P 500 down 7.37 points to 1456.39 [16:05] <Brutus> 10-year T-note up 13/32 at 101 28/32 yield 4.512 [16:05] <Brutus> NYMEX Spot Crude down $0.15 at $73.36/bbl at close [16:05] <Brutus> Dollar/Euro down 0.0052 at 1.3621 [16:05] <Brutus> http://custom.marketwatch.com/custom/tdameritrade-com/html-story.asp?guid={b3650797-2b39-4a85-819b-6243df6a1251} [16:07] <Brutus> http://custom.marketwatch.com/custom/tdameritrade-com/html-story.asp?guid={75a59afe-c960-4f5c-aac8-e24bc2c26040} [16:23] <NihabaAshi> Take care all and see all tomorrow [16:24] * Disconnected Session Close: Thu Aug 30 16:24:02 2007
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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 EMD, ER2, ES and NQ  

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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