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#FuturesTrades September 14th Friday 2007 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+11.50	+83.60	+2552.20
$1,150	$8,360	$255,220

Profitable Trade

1508pm - 1540pm est

Losing Trade

1201pm - 1202pm 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: There were two key WRB price action that dictated the entire trading day.

The first occurred between 0936am - 0937am est via the 1min chart and the second one occurred between 1006am - 1007am est via the 1min chart.

Yet, both produced different purposes in that the first one was the WRB s/r zone that trigger a trend day (upwards).

In comparison, the second WRB s/r zone provided support to help the price pullbacks to counter-thrust back upwards to new intraday highs.

The above reasons produced my bullish bias the entire trading day except for the first 5 - 6 minutes of trading.

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 Sep 14 09:31:17 2007Session Ident: #futurestrades

* Now talking in #futurestrades 09:31

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

<pat255> gm all

* Looking up joye user info... 09:33

up Dmi76 user info...

up disciple33 user info...

up papyrus user info... 09:34

<Dmi76> gm all

* subq market profile charts for today 09:35

http://www.charthub.com/images/2007/09/1 4/er2_rth_mp.png

http://www.charthub.com/images/2007/09/1 4/es_rth_mp.png

http://www.charthub.com/images/2007/09/1 4/nq_rth_mp.png

http://www.charthub.com/images/2007/09/1 4/ym_rth_mp.png

<NihabaAshi> ER2 a little flat

<Dmi76> Shorts ES @ 777.00 09:36

Covered all ES Short @ 776.20 --> + 0.8 09:37

quick scalp

er sorry not es 09:38

<NihabaAshi> Long ER2 @ 779.90 -> small size 09:46

2 only

Usually I don't do this particular type of trade until the afternoon trading session. 09:47

Normally I have trouble with this type of trade in the volatile morning session :(

??? 09:50

What was that.

<ItalianSharp> wow, that was a quick spike

looks like someone laid a fat finger on some button 09:51

<NihabaAshi> Yep

<ItalianSharp> or someone has access to the 10am news

<NihabaAshi> I think the later or some of the big boys making an early move prior to that 10am est report. 09:52

<asuni> but no large size

<NihabaAshi> asuni...your right and that implies a lack of big boy participation.

<pat255> wow what a pop.. 09:53

<NihabaAshi> Gold and Oil barely moved during that pop to the upside.

volatility now dropping\ 09:54

<Brutus> 1000/1400 Sep Reuters/Univ Mich Index, prelim 09:56

Sentiment Index End month 83.4

Sentiment Index Mid Month 83 83.3

1000/1400 Jul Business Inventories

Total Inventories +0.3% +0.4%

<ItalianSharp> yeah...looks like eminis caught up with gold on that spike...

<NihabaAshi> Exited 1/2 ER2 Long @ 781.10 --> + 1.2

<ItalianSharp> oil looking to hold onto unsane levels

Trading Edge:
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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)

<NihabaAshi> Yeah...will be tough fight to go higher now that other key markets trying hard to decline. 09:57

<pat255> as long as iraq war goes on ..oil will not come down..

<NihabaAshi> If those other markets push just a "little bit" upwards...

Should be able to catch another point on ER2.

If not...it should retrace back down below the most recent White WRB. 09:58

<Brutus> agree, but bearish signal on ER

<NihabaAshi> Exited Remainder ER2 Long @ 780.20 --> + 0.3

Too bad the big boys didn't join in to keep that up. 09:59

<pdays> Bis inv .5 est .3 10:00

Consumer 83.8 est 83.5 10:01

<NihabaAshi> Long ER2 @ 781.20 -> small size

2 only

Either my data provider can't keep up but I just saw a big gap between two intraday intervals from close of one interval to the open on the next interval. 10:03

<PapaJon> no gap here niha

<Brutus> 600 c6ntracts

<PapaJon> what timeframe?

<NihabaAshi> 1min chart 10:04

<PapaJon> limme chk

<asuni> not here

<PapaJon> nope.. no gap

<NihabaAshi> Ok...that means I have some missing quotes during that data burst :)

* Retrieving #futurestrades modes... 10:06

<NihabaAshi> Gold and Oil in sync now...going up.

<szubaark> Shorts ES @ 1493 «« paper »» 10:08

<NihabaAshi> Exited 1/2 ER2 Long @ 782.50 --> + 1.3

They've now lost their momentum.

<eminitrader> Long ES @ 1495 10:09

<PapaJon> bye all.. have a great weekend... off to my jobsite

<eminitrader> oops thats 1493

Long ES @ 1493

<szubaark> exit stop set ES @ 1494.50 «« paper »»

<eminitrader> smess up

thats a sell 10:10

Shorts ES @ 1493

<NihabaAshi> Doesn't look like I'm going to get a GAP fill on this trade unless other key markets join in to push this higher :(

<eminitrader> Covered all ES Short @ 1493 --> 0 10:11

<NihabaAshi> VIX is flat the pas few minutes 10:12

Thus, looks like everybody is waiting for the other to blink or make a move.

<szubaark> Covered all Short ES at 1493 --> 0 «« paper »» 10:13

<NihabaAshi> Exited Remainder ER2 Long @ 783.60 --> + 2.4 10:17

That last point I got was only because Gold decided to join the party 10:18

<ItalianSharp> parabolic upmove so far 10:22

guess that big spike 5mins ahead of 10am report was someone having access to privileged info...a classic i should say

<szubaark> Shorts ES @ 1495 «« paper »» 10:30

so far slow, controlled parobolic upmove with No pullbacks 10:33

<Brutus> Shorts ES @ 1495.75 «« paper »» 10:35

exit stop set ES @ 1497 «« paper »» 10:36

<szubaark> Covered all Short ES at 1496.50 --> - 1.5 «« paper »»

Buys ES @ 1496.50 «« paper »»

<Brutus> Covered ES Short @ 1497 --> - 1.25 «« paper »» 10:40

<szubaark> NQ new intradayhighs..ES playing catchup 10:47

<NihabaAshi> Long ER2 @ 784.30 -> small size 10:48

1 only

Exited ER2 Long @ 784.80 --> + 0.5 10:49

<szubaark> nice Niha playing this upmove since this morning

<NihabaAshi> I was neutral until around 0937am est and that's when I became bullish. 10:50

Unfortunately I got a late start this morning and wasn't ready to trade at 0937am est :( 10:51

Shorts ER2 @ 783.30 -> small size 10:55

2 only

:( 10:56

Trade error

WRB 11:00

Covered all ER2 Short @ 783.70 --> - 0.4 11:02

Shorts ER2 @ 783.90 -> small size 11:03

oh oh 11:04

<szubaark> NQ strong

<NihabaAshi> Covered all ER2 Short @ 783.30 --> + 0.6 11:07

Take a break from trading after consecutive trade errors on the last two trades. 11:08

* NihabaAshi is now known as NihabaAshia_away

<szubaark> Exited all Long ES at 1494.25 --> - 2.25 «« paper »» 11:09

Shorts ES @ 1494.25 «« 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) 11:25

<szubaark> Covered 1/2 Short ES at 1492.75 --> + 1.5 «« paper »» 11:27

exit stop moved to breakeven ES @ 1494.25 «« paper »»

Covered all Short ES at 1494 --> + 0.25 «« paper »» 11:29

Buys ES @ 1494 «« paper »»

<Tim_a> trade errors are frustrating, seem to occur at the worst possible time 11:43

<szubaark> Exited 1/2 Long ES at 1495.50 --> + 1.5 «« paper »»

exit stop moved to breakeven ES @ 1494 «« paper »» 11:44

<NihabaAshia_away> Shorts ER2 @ 787.20 -> small size 12:01

* NihabaAshia_away is now known as NihabaAshi

<NihabaAshi> 2 only

<szubaark> Exited all Long ES at 1498.25 --> + 4.25 «« paper »» 12:02

<NihabaAshi> Covered ER2 Short @ 788.10 --> - 0.9

Reverse and Enter Long ER2 @ 788.10

Exited all ER2 Long @ 787.20 --> - 0.9 12:05

Shorts ER2 @ 786.70 -> medium size 12:08

I don't want to see volatilityh decline further while in this trade. 12:10

<Brutus> Good trade n exit Szu 12:11

<szubaark> thx

Shorts ES @ 1497.25 «« paper »» 12:12

<NihabaAshi> volatility drying up

:(

I'm expecting a volatility spike here soon. 12:13

<szubaark> hopefully to downside, we are Short :)

<NihabaAshi> szu...so far the odds are in the favor of the Longs when volatility dries up.

Thus, I'm going to take this profit while I can. 12:14

<szubaark> Covered 1/2 Short ES at 1496 --> + 1.25 «« paper »» 12:15

exit stop moved to breakeven ES @ 1497.25 «« paper »»

<NihabaAshi> Covered all ER2 Short @ 786.10 --> + 0.6

<szubaark> thats the spike i needed 12:16

hopefully i caught the next retracement without my Stop getting hit

<pat255> k ty all later 12:17

<szubaark> codehead see PM 12:18

For all you Woodie heads outhere, ES 3min giving some nice "Ghosts" THIS WEEK. 12:19

<Tim_a> ghosts meaning? 12:29

<szubaark> its a pattern on the CCI Indicator for all its worth. Newbies like it.

<intowin> any one in a trade right now? 12:30

<szubaark> me..Short from 1497.25

[12:18] > Shorts ES @ 1497.25 «« paper »» 12:31

<intowin> good for you.. I am looking to short myself.. I think it is a hold it position

<szubaark> yes.. but they gunning for my Stop :(

<intowin> I am bearish til 1505 12:32

<szubaark> early morning, i tried 3 Shorts in the Parobolic upmove, got whacked each time. so that put me down for day a little

<intowin> I am glad I held my last position after hours ended up getting +6 on the balance.. No trades today yet however 12:35

<szubaark> seems like u hold a lot of trades Overnight 12:36

<Tim_a> i think a lot of this is fed junkies waiting for their next 'fix' tuesday - chop chop chop until then

<intowin> nope that was the first one in ages... I do buy or sell short premarket sometimes. only because I have to work in the morning.

* sep34 is now known as sep34_away 12:51

<szubaark> Covered all Short ES at 1495.25 --> + 2 «« paper »» 13:02

<intowin> good one 13:03

<szubaark> thx.. 13:05

<intowin> doubt 94 will be able to take too many more of those hits 13:11

<NihabaAshi> Long ER2 @ 786.20 -> small size 13:13

2 only

b.s. :( 13:24

Didn't get a fill on that at 787.50

<intowin> light volume might be the problem

<NihabaAshi> :(

punks 13:25

tightning my stop 13:27

<intowin> Long ES @ 1498.50 13:28

<NihabaAshi> Exited 1/2 ER2 Long @ 787.70 --> + 1.5 13:29

<intowin> break out play

<NihabaAshi> got mad and greedy :)

<Tim_a> nice play nih

<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) 13:31

<NihabaAshi> Exited Remainder ER2 Long @ 787.10 --> + 0.9

Can't fight the change in price direction in Oil 13:32

<intowin> Long ES @ 1496.75 13:38

add

should retest 13:39

retest and breakthrough coming 13:49

Exited 1/2 ES Long @ 1498.50 --> + 1.75 13:50

+1 on average

<NihabaAshi> Long ER2 @ 787.30 -> small size

1 only

Exited ER2 Long @ 787.60 --> + 0.3 13:57

:(

<Tim_a> plus is plu 13:58

plus

<intowin> I am going to get out at 1502 R2 for es 13:59

<NihabaAshi> A lot of resistance up here above 788.30 14:01

<intowin> its like pac man he can do it 14:02

Exited all ES Long @ 14.98 --> - 1481.77 14:07

Exited all ES Long @ 1498 --> + 1.25

protect the profits

94 wont hold again if we get there 14:09

* sep34_away is now known as sep34 14:14

<intowin> man watching water boil again.. ready for those great voltility days again 14:32

<szubaark> looks like Chop especially since its Friday 14:36

<intowin> yep holiday friday at that

trying one last trade today short soon 14:40

short ES @ 1496.00 14:42

<szubaark> where is your Stop? 14:43

<intowin> 98

Covered 1/2 ES Short @ 1495 --> + 1 14:54

little movement with this chop has me out sooner than I like

hopefully I was right about 94

first attempt gave it a little gash 14:55

<NihabaAshi> Shorts ER2 @ 784.40 -> small size 14:56

2 only

Dark Hammer Line just formed :( 14:57

That makes my entry in a very bad spot

may get a lucky exit 14:58

Covered all ER2 Short @ 785.20 --> - 0.8 15:01

Long ER2 @ 785.80 -> small size 15:08

3 only

<intowin> exit stop set ES @ 1497 15:13

<NihabaAshi> I got no wiggle room on this trade and I'm losing my patience.

<intowin> will play this trade on their dime 15:14

<NihabaAshi> Oil and Gold giving great support but ER2 not responding. 15:15

<intowin> I would think we would get at least one nice move for the pm. Right now I dont care which way just move lol 15:16

probably regret it but taking stop to 1498 now using one point of my money on this trade.. Just too choppy 15:22

<NihabaAshi> Exited 2/3 ER2 Long @ 787.10 --> + 1.3

I'm having to work very hard today to earn every penny (no big trades today so far) :( 15:23

<intowin> yeah tuff

<Tim_a> nasy winding snake today

nasty

<intowin> 1.3 today is like 3.5 especially coming out of the hole on that one nice 15:24

<NihabaAshi> Yep...exactly

<intowin> man I am going to be trigger happy when the market starts moving again one day, after watching this stuff 15:37

<NihabaAshi> intowin...I've taken a total of 2 1/2 hours break from trading today and I didn't miss too much during those breaks. 15:38

<intowin> this is where we were at 10.30 for goodness sake 15:39

<X> #FuturesTrades Info -> Chat room for traders and intermarket analysis of Emini Futures (EMD, 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, XLE, QQQQ, SPY)

<intowin> I cant remember a time when I was rooting for my stop to get taken lol 15:40

here we go

98.25

yep there it is

Covered all ES Short @ 1498.25 --> - 2.25

<NihabaAshi> Exited Remainder ER2 Long @ 788.20 --> + 2.4

WRB Analysis

Learn More

<intowin> good call on the long... We will c u guys Monday Take care 15:41

<Tim_a> nice shot, nih

<NihabaAshi> Thanks

It also gives me my profit goal for the trading day.

<Tim_a> on a day it didnt come easy 15:42

<NihabaAshi> Long ER2 @ 789.00 -> small size 15:47

<Tim_a> ym seems to have an unfailing boyancy

<NihabaAshi> 1 only 15:48

Calling it quits for the day after I close this trade...poor entry on this trade.

Exited ER2 Long @ 789.50 --> + 0.5 15:49

When ER2 makes a new intraday high while Oil and Gold ticks down...best to dump the profitable Long. 15:50

* sep34 is now known as sep34_away 15:52

<Brutus> ============ U.S. MARKETS ACTION =========== 16:00

DJIA up 26.50 points to 13451.38

NASDAQ up 1.44 points to 2602.50

S&P 500 up 0.86 points to 1484.81

10-year T-note up 1/32 at 102 07/32 yield 4.470

NYMEX Spot Crude down $0.99 at $79.10/bbl at close

Dollar/Euro down 0.0179 at 2.0072

http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={ffa2f b0f-29c0-4d07-bdb0-ebc912ada7ad}

Have a good weekend cul8r 16:01

<ItalianSharp> you all have a great weekend 16:18

<base> Nice weekend ... 16:20

<NihabaAshi> Take care all and have a good/safe weekend. 16:36

* DisconnectedSession Close: Fri Sep 14 16:37:01 2007 16:37

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In addition, below are the trading instruments our chat room members monitor closely to make trade decisions:

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CBOT mini-sized Dow Futures YM

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CME Futures EuroFX EC

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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

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