#FuturesTrades August 31st Friday 2007 Trade Log

Trading via WRB Analysis: I wanted my last trading day of a record breaking profitable trading month to be easy going.

Thus, I took only a few trades and spend most of the trading day with my family doing some fun activities.

With that said, the key WRB price action for the trading day occurred between 108am - 1016am est because it provided support for 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: Fri Aug 31 09:14:25 2007 Session Ident: #futurestrades [09:14] * Now talking in #futurestrades [09:14] <X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm [09:14] <bigjim98282> Morn NA [09:15] <NihabaAshi> Hi big and good morning all. [09:15] <werner> dito [09:16] <NihabaAshi> We got a huge overnight GAP to the upside. [09:16] <NihabaAshi> I prefer that in comparison to a GAP down. [09:16] <werner> pffff [09:16] <Kaka> GM ALL [09:17] <werner> ter info [09:18] <NihabaAshi> I have a lot of personal stuff today and such will result in missing a lot of today's price action. [09:20] <bigjim98282> :( [09:20] <pat255> gm all.. [09:20] <pat255> Boosh speak on subprime today [09:21] <werner> tx [09:23] <PapaJon> gm all [09:23] * subq market profile charts for today [09:23] * subq http://www.charthub.com/images/2007/08/31/er2_rth_mp.png [09:23] * subq http://www.charthub.com/images/2007/08/31/es_rth_mp.png [09:23] * subq http://www.charthub.com/images/2007/08/31/nq_rth_mp.png [09:23] * subq http://www.charthub.com/images/2007/08/31/ym_rth_mp.png [09:23] <pat255> thks subq [09:23] <PapaJon> Sheesh! ... interesting rise overnight! [09:24] <NihabaAshi> Yep, a swing traders paradise if on the correct side. [09:24] <PapaJon> Anything in particular cause this? [09:24] <PapaJon> no kiddin [09:24] <NihabaAshi> Bernanke is one of the reasons. [09:24] <NihabaAshi> Asia was up strong before midnight. [09:25] <PapaJon> hmmf.. i thought he usually caused it to stall... no movement [09:26] <NihabaAshi> In Hindsight...looks like the price action on Tuesday got the volatility going again. [09:26] <PapaJon> hehe... he is speaking at jackson hole wyoming... awesome skiing there [09:27] <PapaJon> not right now tho [09:29] <base> GM all [09:31] <NihabaAshi> 0,4 Shorts ER2 @ 794.80 -> small size [09:31] <NihabaAshi> 2 only [09:33] <NihabaAshi> I'm starting to get some mixed price info...may be best to dump this. [09:34] <base> Shorts ER2 at 794.00 [09:34] <NihabaAshi> 0,2 Covered 1/2 ER2 Short @ 793.50 --> + 1.3 [09:35] <NihabaAshi> 0,2 Covered Remainder ER2 Short @ 794..40 --> + 794.80 - 794..40 [09:35] <base> its a paper trade [09:36] <NihabaAshi> ooops... [09:36] <NihabaAshi> 0,2 Covered Remainder ER2 Short @ 794.40 --> + 0.4 [09:36] <base> Covered at 793.90 +0.1 :( [09:37] <base> Too choppy for my SL limits.  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)  [09:42] <Brutus> 11 a.m. today, President Bush will speak in the Rose Garden to address the subprime mortgage crisis and outline a number of policy changes and suggestions to aid borrowers to avoid default, reports the Wall Street Journal. [09:42] <Brutus> 0945/1345 Aug Chicago PMI [09:42] <Brutus> Purchasing Managers Index [09:42] <Brutus> (Adjusted) 52.5 53.4 [09:42] <Brutus> 1000/1400 Jul Factory Orders [09:42] <Brutus> Total Orders +3.3% +0.6% [09:42] <Brutus> 1000/1400 Fed Chairman Bernanke speaks on housing and monetary [09:43] <Brutus> policy in Jackson Hole, Wyo [09:43] <Brutus> 1000/1400 Aug Reuters/Univ Mich Index, prelim [09:43] <Brutus> Sentiment Index End month 83.2 90.4 [09:43] <Brutus> Sentiment Index Mid Month 83.3 [09:43] <Brutus> 1400/1800 Bond markets closed early ahead of U.S. Labor Day [09:43] <Widgetman> so the ones of us who work hard and save have to bail out the foolish ones who spend money like a drunken sailor [09:43] <Widgetman> hmmm [09:44] <werner> tx brutus [09:45] <Kaka> short @791.7 - paper [09:45] <les> 0,4 Shorts ER2 @ 791.7 4,0 «« paper »» [09:45] <base> Shorts ER2 at 791.80 paper [09:51] <base> Covered at 792.80 -1.0 [09:52] <les> 0,4 Shorts ER2 @ 793.3 -> Add 4,0 «« paper »» [09:54] <pat255> L 92.6 er paper [09:58] <pat255> out 92.8 [10:01] <NihabaAshi> 0,4 Shorts ER2 @ 792.50 -> small size [10:01] <NihabaAshi> 2 only [10:01] <NihabaAshi> be careful...its jumpy [10:01] <Kaka> lol...this one was crazy [10:02] <NihabaAshi> 0,2 Covered 1/2 ER2 Short @ 790.40 --> + 2.1 [10:02] <bigjim98282> wtg [10:02] <pat255> gl this is way too fast [10:03] <bigjim98282> I like fast, in and out thx [10:03] <les> 0,2 Covered 1/2 ER2 Short @ 790.9 --> + 2.4 4,0 «« paper »» [10:03] <base> les and kaka: You must have pretty liberal stop loss. :) [10:03] <les> mine's above the hod [10:03] <les> it stays there most of the time [10:04] <base> I cannot risk that much. [10:04] <les> i dont risk that amount [10:05] <bigjim98282> Max 1:1 R-R ratio for me, unless overnight [10:05] <Kaka> i am out... [10:06] <NihabaAshi> It's been awhile since I've seen a big Dark WRB like that on the 1min chart @ 1003am est on very little contracts. [10:06] <NihabaAshi> That's some very thin levels [10:06] <bigjim98282> NA, think you will stay with the ER as an instrument? [10:07] <base> les: It went 3.8 against you in one moment, it is much for my account size. [10:07] <NihabaAshi> No sure and I've never gotten married to any trading instrument. [10:07] <les> base thats not how i think about this... [10:07] <NihabaAshi> Simply, my profit level keeps rising with ER2 and that's the only reason why I keep trading it. [10:07] <les> my s/loss is way up there as a safety measure in case my system goes down, or brokers screw up [10:08] <NihabaAshi> However, as soon as my profit level begins declining while trading ER2... [10:08] <NihabaAshi> I'll dump it. [10:08] <les> my assessment of when to bal depends on whether i think the TA is telling me that the action has reversed [10:08] <les> when to bail [10:08] <NihabaAshi> I'll go back to ES or NQ until I figure out all my choices. [10:09] <base> les: Sure, it is better and you are fine wit that. Unfortunatelly, I am limited by my account size and I am forced to take a loss earlier. [10:09] <les> i' just saying that i dont base decisions about s/losses on criteria other than the TA [10:10] <les> if my account wont bear an occasional large loss, then there's no point in trading as far as i'm concerned [10:12] <NihabaAshi> 0,6 exit stop raised ER2 @ 792.00 [10:12] <les> blimey [10:12] <NihabaAshi> Meant lowered...not raised. [10:13] <NihabaAshi> 0,6 exit stop lowered ER2 @ 792.00 [10:13] <NihabaAshi> As a reminder... [10:14] <NihabaAshi> [09:18] <NihabaAshi> I have a lot of personal stuff today and such will result in missing a lot of today's price action. [10:14] <base> les: I do not know if you understand me clear. I would not like to say anything against you or your technique. I am just a bit sad I cannot give my position a bigger space like you. [10:15] <NihabaAshi> I got my trailing stop in and its only a 1 contract trade if something weird happens as in my stop doesn't get filled and ER2 goes up 50 obscene points. [10:15] <les> ok base [10:15] <NihabaAshi> On that note...I'll be back later and hopefully my trailing stop hasn't been hit. [10:15] <NihabaAshi> If so...I'll post a late trade result whtn I return. [10:15] <bigjim98282> ok NA [10:17] <bigjim98282> bbl also [10:17] * NihabaAshi is now known as NihabaAshi_away [10:18] <Brutus> 08/31/2007 10:00 GEN: Bernanke 'will act as needed' to stem impact of market turmoil-Bloomberg [10:18] <Brutus> 08/31/2007 10:01 GEN: Bernanke says Financial System in 'Relatively Strong Position'-Bloomberg [10:18] <Brutus> 08/31/2007 10:01 GEN: Bernanke said Fed 'stands ready' for more actions to provide liquidity-Bloomberg [10:18] <Brutus> http://custom.marketwatch.com/custom/tdameritrade-com/html-story.asp?guid={cb0eb99a-89d2-416c-a757-154192ab8e37} [10:19] <les> when i heard about the speeches...it worried me taking the short cos it was expected they'd be making reassuring noises [10:19] <Brutus> yep [10:20] <les> then i realised that those expectations were already priced in.. look at the big rises in the premarket [10:20] <base> Yes, I was i hurry to get out before the release. [10:21] <les> yeah.. also that spike at 10:00 came when it was announced what Bush would be saying [10:21] <les> the push straight down after that seemd to confirm it was expected [10:23] <base> I am not an experienced trader so I cannot put that much confidence in my trades. [10:23] <les> well just to reassure you... [10:23] <les> i'm trading sim right now... [10:23] <les> lets see if i'm so damned cocky when i go live [10:24] <les> hehe [10:24] <base> I like to not go against data releases, I do not enter against pivot points, etc. ... for now. [10:27] <base> les: How long have you been trading? [10:27] <les> about 5 years [10:27] <les> and i still havnt got it [10:28] <base> :) [10:28] <les> but i live in hope :) [10:28] <PapaJon> les.. is that Cape Hope? [10:28] <base> I am trading 1+ year, maybe one and half. [10:28] <les> very funny jon [10:28] <PapaJon> :) [10:28] <les> very funny indeed [10:29] <base> But most of that time I spent by learning the basics, than trading stocks and FX. I am trying to trade index futures, mostly ER2, just for few months. [10:34] <les> 0,4 Shorts ER2 @ 791.1 -> Add 4,0 «« paper »» [10:38] <Brutus> Looks like Bush may have saved the best till last :) [10:38] <les> i think he only speaks at 11 [10:38] <les> u must mean the other guy :) [10:39] <Brutus> Right, but PA now indicates upside to come imo [10:39] <Brutus> no Bush at 11 [10:43] <les> 0,2 Covered all ER2 Short @ 791.8 --> - 0.8 4,0 «« paper »» [10:43] <les> damn script's wrong again [10:43] <les> was + .50 [10:44] <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) [10:45] <les> 0,4 Shorts ER2 @ 790.9 4,0 «« paper »» [10:59] <les> 0,2 Covered all ER2 Short @ 789.6 --> + 1.3 4,0 «« paper »» [11:18] <les> 0,4 Shorts ER2 @ 788.1 4,0 «« paper »» [11:23] <les> 0,2 Covered 1/2 ER2 Short @ 787 --> + 1.1 4,0 «« paper »»
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	[12:02] <base> Well, I have repaired my daily score. I did 7x +1.0 and 1x -1.0. Took my SL with one tick precision. :( [12:03] <base> http://chimera.decent.cz/pub/0797.png [12:06] <base> There are all the trades marked on my chart. All just paper trades. [12:18] <base> The time is local, 18 on the chart is 12 EST. [12:19] * les is now known as lesAway [12:30] * codehead_afk is now known as codehead [12:38] <base> Time to rest, bbl. [12:47] <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) [13:10] * NihabaAshi_away is now known as NihabaAshi [13:10] <NihabaAshi> Just got back... [13:10] <NihabaAshi> Late trade update on a trailing stop that got hit @ 10:37:20 [13:10] <NihabaAshi> 0,2 Trailing Stop Hit ER2 @ 792.00 --> + 0.5 [13:40] <pdays> 0,3 Long ER2 @ 792.9 [13:40] <pdays> 0,2 Exited all ER2 Long @ 793.1 --> + 0.2 [13:41] <base> Back, I see I haven't missed much. [13:41] <bigjim98282> S ER 792.4 [13:43] <base> The price is glued to R1. [13:45] <bigjim98282> out ER even +1 [13:45] <bigjim98282> not even [13:45] <bigjim98282> +1 [13:54] <base> My short was late, -1.0 [13:59] <base> I hoped it is going to finally break the line. [14:45] <bigjim98282> nice weekend all [14:53] <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) [15:26] <NihabaAshi> Anybody in here using Open E Cry ??? [15:27] <NihabaAshi> I should have asked that question this morning when there were more traders in the room. [15:43] <sep34> is that pit noise? [16:00] * sep34 is now known as sep34_away [16:07] <NihabaAshi> I had a very easy going trading day... [16:08] <NihabaAshi> Did a few trades this morning for small profits and had some fun family time along with doing some landscaping repairs. [16:08] <NihabaAshi> It was part of my reward for a great month of trading. [16:09] <Brutus> ============ U.S. MARKETS ACTION =========== [16:09] <Brutus> DJIA up 128.19 points to 13364.97 [16:09] <Brutus> NASDAQ up 32.37 points to 2597.49 [16:09] <Brutus> S&P 500 up 16.95 points to 1473.71 [16:09] <Brutus> 10-year T-note up 7/32 at 101 23/32 yield 4.532 [16:09] <Brutus> NYMEX Spot Crude up $0.68 at $74.04/bbl at close [16:09] <Brutus> Dollar/Euro down 0.0010 at 1.3621 [16:09] <Brutus> http://custom.marketwatch.com/custom/tdameritrade-com/html-story.asp?guid={a938fed4-e178-41bd-9d90-34064117e42b} [16:10] <NihabaAshi> Spouse taking me to my favorite ice cream place tonight. [16:10] <NihabaAshi> Take care all and have a good/safe weekend [16:10] <NihabaAshi> See all on Monday for trading in a new month. [16:10] * NihabaAshi is now known as NihabaAshi_away [16:10] <Brutus> u2 have a good 1, Mondays a holiday, CU Tuesday [16:13] <werner> lol [16:20] <werner> ice cream..... whisky place a lot better i think [16:30] <werner> gn see you all tuesday [16:56] <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) [17:08] * Disconnected Session Close: Fri Aug 31 17:08:41 2007
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Google:	#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.

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 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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