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#FuturesTrades September 21st Friday 2007 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+1.70	+153.00	+2621.60
$170	$15,300	$262,160

Profitable Trade

1252pm - 1305pm est

Losing Trade

1157am - 1203pm 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: I missed most of the key market action today due to personal reasons to spend time with the family.

As expected, yesterday's key White WRB s/r zone (820.20 - 821.90) dictated supply/demand for today until the market found its own direction for the trading day.

Other than that, a boring trading day that I spent more time during personal things instead of aggressively watching the markets for trade opportunities.

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 21 08:48:51 2007Session Ident: #FuturesTrades

* Now talking in #FuturesTrades 08:48

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

<pat255> gm all 08:50

<werner> gm all

<PapaJon> gm all 09:21

<Dmi76> gm all 09:23

<PapaJon> Reminder.. today is Quad-Witching day

<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) 09:31

* subq market profile charts today 09:32

http://www.charthub.com/images/2007/09/2 1/er2_rth_mp.png

http://www.charthub.com/images/2007/09/2 1/es_rth_mp.png

http://www.charthub.com/images/2007/09/2 1/nq_rth_mp.png

http://www.charthub.com/images/2007/09/2 1/ym_rth_mp.png 09:33

<eminitrader> nice sell set-up...low risk 09:42

<szubaark> Shorts ES @ 1539.25 «« paper »» 09:43

exit stop set ES @ 1542.25 «« paper »»

<Tim_a> july 23rd resistence, e? 09:44

<eminitrader> pa set-up

<Tim_a> pa?

never mind, slow this morning

<eminitrader> price actio after theclose of 3 min bar @ ( : 39 est 09:45

..ideal sell 1541.50 - 4 tick stop ...low risk high probability.. 09:46

thats what i meant

9:39 est

<szubaark> yeah my Sell is at low of the range, high risk, but early morning looking for Volatility for followthru 09:47

low of Opening Range

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)

<Tim_a> wicks at top, green, then red, with same wick high?

<eminitrader> if it breks 1535 expect a gap fill 09:48

<szubaark> Why 1535?

<eminitrader> depends on how u read it... i read it as a fade..whuchever...either way ..like i said was low risk high probability 09:50

1534-1535 area is support szu 09:51

on my charts---1538-1536 ..minor support 09:52

1534-1536..major support 09:53

if nothing eslse ..can atleast expect a bounce off these levels

so ideal area to cover some and lock in part of the moolah :) 09:54

hope u were not long based on that bar tim 09:55

<les> Long ER2 @ 818.8 «« paper »» 10:02

<Tim_a> what bar? i went short at the level you mentioned, (es small)

<eminitrader> k..cause u mentioned u read it as a bullish set-up 10:03

<Tim_a> no, i was agreeing with you - i read it as a 'tweezer top' 10:04

<eminitrader> glad u didn't get faked out :)

<Tim_a> thx

<eminitrader> may still get there ..but at that piont in time ..it was a nice sell 10:05

<pat255> it is crazy action ..

need fast fingers

<les> Exited all ER2 Long @ 819.6 --> + 0.8 «« paper »» 10:06

<eminitrader> looks like the mrkt is trying to decide which way to flow...making its intention..abt timne 10:10

be back.. 10:11

* cmr is now known as Candido 10:36

<werner> . 10:37

. 10:58

<NihabaAshi> I just got back from some personal stuff. 11:01

Les the only one trading today ???

<les> even i havnt mich interest niha 11:02

<pat255> mkt in congestion ..very few moves ..

<NihabaAshi> Ok...I see szubarrk posted a trade.

<pat255> Ser 20.5

<NihabaAshi> Yeah...I'm now taking my first look at the charts this morning.

Doesn't look like anything is worthwhile.

<pat255> tight stop .5 11:04

they took it .. 11:05

<szubaark> exit stop lowered ES @ 1541.50 «« paper »» 11:12

<pdays> Shorts ER2 @ 821.7 11:14

Covered all ER2 Short @ 821.2 --> + 0.5 11:18

<bigjim98282> wtg pdays

<les> Shorts ER2 @ 821.4 «« paper »» 11:19

<szubaark> Covered remainder Short ES at 1541.50 --> - 2.25 «« paper »» 11:28

<pdays> tnx bj

<szubaark> Buys ES @ 1541.50 «« paper »»

<les> Shorts ER2 @ 822.4 -> Add «« paper »» 11:32

<NihabaAshi> Reminder -> #FuturesTrades chat room trade posting archived logs are posted @ http://www.thestrategylab.com/RecentTrades.htm (today's log will be updated tonight by 9pm est) 11:37

<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)

<NihabaAshi> The direct link to yesterday's chat log is @ http://www.thestrategylab.com/092007Futu resTrades.htm 11:38

<pat255> thks N

* intowin-away is now known as intowin 11:48

<intowin> They are getting dangerously close to my stop 24.10 : (

Thats the only bad thing about leaving. I have to use wider stops

where is all the volatility quad witch brings? 11:51

<NihabaAshi> Long ER2 @ 822.50 -> small size 11:57

2 only

<les> Covered 1/2 ER2 Short @ 821.3 --> + 1.1 «« paper »» 12:02

<NihabaAshi> Exited ER2 Long @ 821.50 --> - 1 12:03

Reverse and Enter Short ER2 @ 821.50

reversed into a large Dark WRB...not the best entry. 12:04

<intowin> hope your on... here is my premarket entry

[07:43] <intowin-away> will be out till noon. gonna let a short run til I get back..

[07:44] <intowin-away> short ES @ 820.50

<NihabaAshi> Could have gotten the reverse around 821.90 but got caught "watching" instead of "reacting".

* codehead_afk is now known as codehead 12:08

<NihabaAshi> Dark Hammer Line...be careful

<intowin> going for broke on this one 24.10 stop

<Brutus> On options Exp what time exactly is the expiration ? 12:10

for stocks

<NihabaAshi> volatility dropping fast

<intowin> 3pm 12:11

<Brutus> MAybe a selloff at 3 IT ?

<intowin> usually pretty volital all day. up down up down.. we had the up premarket I am looking for a down anytime 12:12

<Brutus> Aapl, goog ebay at 52 week highs and at max pain from what I can see

<NihabaAshi> Covered all ER2 Short @ 821.40 --> + 0.1 12:19

<les> Covered Remainder ER2 Short @ 822 --> - 0.6 «« paper »» 12:20

hmm - was +.40 in fact 12:21

done for today

cya all monday

<intowin> wow I am long cad and it just busted a 41 tic move in 4 minutes. Glad I am on the right side of that one

<bigjim98282> this chop is the reason I only traded the open short. 12:23

<NihabaAshi> Long ER2 @ 823.20 -> medium size 12:32

1 only

<intowin> just take profit below 24.10 NIha :) 12:33

<NihabaAshi> I don't have any wiggle room for that type of profit level :(

An entry aroung 822.20 would have kepted me in the trade for such 12:34

<intowin> thats where my stop is lol

<NihabaAshi> Exited ER2 Long @ 823.40 --> + 0.2

<intowin> just glad I am long the canadian dollar right now 12:35

if this trade bust it will keep me even

<NihabaAshi> Shorts ER2 @ 822.90 -> small size 12:38

2 only

should have gone 3

volatility dies quick today... 12:39

Charts looks like that it only last no more than 2mins after a volatility spike :( 12:40

<Dmi76> Shorts ER2 @ 822.9

<NihabaAshi> The fact that ER2 has rising since 1045am est must keep the Longs still faithful. 12:41

Covered all ER2 Short @ 822.80 --> + 0.1 12:44

volatility slowly rising and price got "too jumpy"

<Dmi76> Covered all ER2 Short @ 822.7 --> + 0.2 12:45

<NihabaAshi> Shorts ER2 @ 822.20 -> small size 12:52

Breakdown below a Dark Hammer Line

2 only

<Pepe> nice 12:53

<NihabaAshi> I had a ton of help from the pending 1pm est speech

<intowin> who is talking today 12:54

<NihabaAshi> Fed Governor Warsh 12:55

<intowin> remind me to send him a Christmas card

<Tim_a> bush speeches are generally kind to bears 12:56

<NihabaAshi> Covered 1/2 ER2 Short @ 821.10 --> + 1.1 12:59

Lets see what happen soon after 1pm est.

<ItalianSharp> hopefully the prick speaking now can bring some volatility and wake up those mkts 13:01

<NihabaAshi> lol

volatility dropping...something will soon happen as in a volatility spike again.

exit stop lowered ER2 @ 821.70 13:03

Covered Remainder ER2 Short @ 821.60 --> + 0.6 13:05

need to ensure I am profitable for the trading day 13:06

<ItalianSharp> no volatility so far...guess nobody is listening to this guy today 13:09

<NihabaAshi> looks that way :(

<ItalianSharp> i am starting to lose hope that some volatility may come back...and trading under these conditions is very dangerous

<intowin> exit stop set ES @ 822.70 13:16

<ItalianSharp> i am gonna go get some nice pizza at the best "pizzeria" here in town...i'll be back later and hopefully some miraculous volatility will be back

* ItalianSharp is now known as ItalianSharp_eating_ 13:17

<Tim_a> we need mary tyler moore - she can take a nothing day, and sudenly make it all seem worthwhile 13:38

<szubaark> who is she? Market Wizzz? 13:39

<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) 13:40

<werner> gn all 13:56

<intowin> Delay of game over.. we have kick off 13:57

<szubaark> Exited all Long ES at 1539.50 --> - 2 «« paper »» 13:58

Shorts ES @ 1539.50 «« paper »»

<intowin> Covered 1/3 ES Short @ 818.60 --> + 1.9 13:59

<szubaark> Missed my +2 Target Fill by 1 TICK! on my Long 14:00

<intowin> : (

this one had me sweating since 7.30 am 14:01

<szubaark> lets see if they close gap :)).. that would be nice.. i would have a good weekend

<intowin> exit stop set ES @ 820.50 14:02

break even

someone must have thrown a flag on the play. back to delays 14:20

with this small swing so far I may just take what I can get 14:41

Covered 2/3 ES Short @ 817.50 --> + 3

<szubaark> nice intowin 14:42

<intowin> exit stop set to break even plus one

thanks

<szubaark> u think ES gap close by end of day? 14:43

<intowin> Market is not doing at all what I thought so really dont know.. Just got lucky this didnt stop out this morning

<szubaark> for me i read this as trend is Down now, confirmed 14:44

<intowin> overall If I had to guess probably not. Looking to close out at one more point

quad witch usually breaks all the rules 14:45

<Brutus> IHS ? 15:00

<Tim_a> quad witch can have a spike out of nowhere that 'pins' to their strike price

<intowin> Covered all ES Short @ 819.50 --> + 1 15:04

* ItalianSharp_eating_ is now known as ItalianSharp 15:06

<ItalianSharp> volatility seems to have improved a little...hopefully i wont jinx it...:) 15:07

<NihabaAshi> Long ER2 @ 819.50 -> small size 15:08

2 only

I give up because I have no patience today for this type of market day. 15:11

<intowin> got that right from 7.30 to 2pm to get my first profit crazy 15:12

<NihabaAshi> Exited all ER2 Long @ 820.20 --> + 0.7 15:15

I'm done for the trading day...will take my small profits and enjoy the weekend. 15:16

WRB Analysis

Learn More

<intowin> same here.. enjoy

<NihabaAshi> Nothing worst than closing a trading day with a loss on a slow day like today. 15:17

<intowin> yep off for some wakeboarding here in a few

<NihabaAshi> Especially it being a Friday.

Also, missing the first few hours of trading didn't help at all because I felt like I've been a few steps behind the market on each trade I did...a few steps as in I should'uv have better entries. 15:19

Take care all and have a good/safe weekend.

* NihabaAshi is now known as NihabaAshi_away 15:21

<rainer> Shorts ER2 @ 820.1

<NihabaAshi_away> Reminder -> #FuturesTrades chat room trade posting archived logs are posted @ http://www.thestrategylab.com/RecentTrades.htm (today's log will be updated tonight by 9pm est) 15:28

The direct link to yesterday's chat log is @ http://www.thestrategylab.com/092007FuturesTrades.htm 15:29

<rainer> Covered all ER2 Short @ 819.10 --> + 1 15:34

<szubaark> NQ nice triple Top for what its worth..could mean nothing on this low volume 15:35

<NihabaAshi_away> Reminder -> #FuturesTrades goes private and when it does...only register members of our forum are allowed access. To register, follow the instructions @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm 15:40

<mrboso83756> anyone have any idea to where i can get a full listing of stock traded in the united states and overseas? 15:43

<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) 15:46

<Brutus> Back pain form sitting to long trading? 15:53

http://www.bambach.com.au/wr/index.htm

:)

<szubaark> :) 15:56

Covered 1/2 Short ES at 1537 --> + 2.5 «« paper »» 16:01

exit stop moved to breakeven ES @ 1539.50 «« paper »»

Covered all Short ES at 1537.50 --> + 2 «« paper »» 16:02

<ItalianSharp> nice finish szu 16:04

well at the LOD

* DisconnectedSession Close: Fri Sep 21 16:26:42 2007 16:26

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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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NYMEX Energies Light Crude Oil CL, e-miNY QM and Natural Gas NG

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