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#FuturesTrades September 26th Wednesday 2007 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+12.10	+194.40	+2663.00
$1,210	$19,440	$266,300

Profitable Trade

1451pm - 1510pm est

Losing Trade

"None"

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: Today's market commentary goes here.

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: Wed Sep 26 09:29:38 2007Session Ident: #FuturesTrades

* Now talking in #FuturesTrades 09:29

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

<Dmi76> gm all

<NihabaAshi> Good morning all

<werner> gm niha ,all 09:30

<eminitrader> Long ES @ 1535.25 09:31

<hum_g> hI Folks I am humphrey from Addis Ababa 09:32

<NihabaAshi> Long ER2 @ 812.80 -> small size

<hum_g> my 1st time ever in 10yrs on mrc

<NihabaAshi> Welcome back hum_g

:)

<hum_g> is any1 getting ER2 data on metatrader 09:33

i am humphrey geiseb

from ethiopia

<NihabaAshi> Wow

<hum_g> thanx for your gr8 responses buddy

<Bambam-77> trend still up for now break of 34 and hold below is ss triger

0/8 1535

<PapaJon> gm all 09:34

<NihabaAshi> hum_g...see my private message to you.

<Bambam-77> protect longs 09:38

<NihabaAshi> Exited 2/3 ER2 Long @ 814.00 --> + 1.2

<Bambam-77> 38.50 pos ss area

<eminitrader> Exited 1/2 ES Long @ 1537.25 --> + 2 09:39

<pat255> leaning the wrong way ...:(

nice guys ..

<Bambam-77> 816 would be nice posible ss area er 09:40

be carefull with both we still in uptrend

looking at them as scalps first

<pat255> y agree 09:41

<hum_g> seems like 1 could straddle the 9h30 open 09:42

<eminitrader> Long ES @ 1535.25 -> Add

<NihabaAshi> Exited Remainder ER2 Long @ 813.00 --> + 0.2 09:45

<eminitrader> Exited ES Long @ 1535.25 --> 0

Reverse and Enter Short ES @ 1535.25

<Dmi76> Shorts ES @ 1535.00

<Bambam-77> b 34.50 09:47

stp 33

trgt 36.75 09:48

<Tim_a> nice reverse call emini 09:49

<eminitrader> thx T 09:50

<szubaark> yup

<Dmi76> Covered all ES Short @ 1533.75 --> + 1.25

<Bambam-77> on close below i am out hedge 09:51

<Dmi76> i entered too late( so closed

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)

<eminitrader> Covered 1/2 ES Short @ 1534.25 --> + 1 09:52

that short was based on a PA set-up on test of Globex highs 09:53

<pat255> vn em ..nerves of steel..

<eminitrader> thx pat

<Tim_a> the timely reverse is the toughest thing there is 09:54

<pat255> sure not easy ..

dang missed c the 38 high

<Bambam-77> rev trgt now t1 35.75 trailing rest 09:55

<eminitrader> Shorts ES @ 1534.75 -> Add 09:57

Covered 1/2 ES Short @ 1533.25 --> + 1.5

Covered ES Short @ 1534.75 --> + 0.5 09:58

Reverse and Enter Long ES @ 1534.75

<Bambam-77> still long not likeing action a stp is a stp as long as it is not hit still long 10:00

<eminitrader> lhigh probability ..test of hihgs and mayb e new highs

<Bambam-77> t1 hit 10:01

2 lots left of 3 10:02

<eminitrader> Exited 1/2 ES Long @ 1535.75 --> + 1

<Bambam-77> i want 38.5

<NihabaAshi> Reminder -> #FuturesTrades chat room trade posting archived logs are posted @ http://www.thestrategylab.com/RecentTrad es.htm (today's log will be updated tonight by 9pm est) 10:05

<eminitrader> Exited Remainder ES Long @ 1534.75 --> 0

<Bambam-77> 816 would be nice er

<pat255> k thks N

mkt fishing stops

<ItalianSharp> jumpy price action so far...typical of the last several trading days since the FOMC

<Bambam-77> still have 1 lot left stp at 812

<ItalianSharp> scalping mode is in full force right now...:) 10:06

<pat255> y

<NihabaAshi> #FuturesTrades Purpose -> To document your own trades and thoughts as you traverse from one trade to the next trade because it provides critical information you cannot get from your broker statements (real money or simulator). 10:07

<eminitrader> Long ES @ 1533.50

<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) 10:08

<Bambam-77> good entry 10:10

<eminitrader> looks like floor is set for now on rhe ES

<Bambam-77> long still in tact for now

<eminitrader> Exited 1/2 ES Long @ 1535 --> + 1.5

<Bambam-77> thank you er

816 hit flat

818 next fyi 10:11

es laging

<NihabaAshi> Other key markets not spiking.

Shorts ER2 @ 816.50 -> small size 10:12

<Bambam-77> whenn es hits 38.50 i am ss er

<NihabaAshi> Covered 2/3 ER2 Short @ 815.40 --> + 1.1 10:14

<eminitrader> Exited Remainder ES Long @ 1533.50 --> 0

<szubaark> Shorts ES @ 1533 «« paper »»

<NihabaAshi> Oil and Gold pushing downwards now.

<Bambam-77> diverging markets 10:15

<NihabaAshi> We are also within that 15min volatilty price action that occurs prior to a 1030am est EIA Petroleum Status Report release.

<Bambam-77> no close below still long es same stp area 33 10:16

<NihabaAshi> exit stop lowered ER2 @ 816.40

Usually I don't have time to post my intials stop/loss protection

<pat255> nice fill N..missed it 10:17

<NihabaAshi> Thanks but I wish it was 2 ticks better at 816.70

A few intervals ago via the 2min chart there was a Dark Hammer Line...be careful. 10:18

<eminitrader> looks like NQ is holding the ES

<NihabaAshi> I'll dump my trade on any price spike upwards. 10:19

<szubaark> yeah i was looking for better followthru to the downside, yet its slowly bouncing back here :(

<Bambam-77> this will make it wave 5 es now lets go one more push vpoc at 1539

er finding support at 5/8 retrc 10:20

<eminitrader> Long ES @ 1534.75

<NihabaAshi> Oil and Gold trying hard to find some support at current price levels. 10:21

<Bambam-77> time to es trgt 11:05 33.75 5/8 must hold

<szubaark> exit stop set ES @ 1535 «« paper »» 10:22

<eminitrader> Exited all ES Long @ 1534.25 --> - 0.5 10:23

<NihabaAshi> Covered Remainder ER2 Short @ 814.40 --> + 2.1 10:25

<Bambam-77> holding support

<eminitrader> Covered ES Short @ 1534.75 --> 0 10:26

Reverse and Enter Long ES @ 1534.75

<szubaark> Covered all Short ES at 1535 --> - 2 «« paper »»

Buys ES @ 1535.25 «« paper »»

<eminitrader> looks like new highs 10:27

<szubaark> looking for re-test of highs

<Brutus> 09/26/2007 10:30 *DJ DOE: US Gasoline Stks +600,000 Bbls In Wk; Seen +200,000 10:30

<eminitrader> Exited all ES Long @ 1534.75 --> 0 10:31

taking a brek..see u guys in a bit 10:32

<ItalianSharp> mkts totally stuck...amazing how slow it's been lately

<szubaark> Exited all Long ES at 1533 --> - 2.25 «« paper »» 10:35

Shorts ES @ 1533 «« paper »» 10:36

slow, controlled selling 10:43

<Bambam-77> close below 33 is my ss trigger 5 min chart 10:47

<NihabaAshi> weak support 10:56

<Bambam-77> 39 has buyers there previous ss covering there pos once they are taken out we can ss 10:57

33.75 we had buyers accumulate there will take them out on way back down now a vpoc 10:58

* intowin_away is now known as intowin 10:59

<intowin> from this am

[07:52] <intowin_away> short ES @ 1536

gonna cover

Covered all ES Short @ 1535.50 --> + 0.5 11:00

<szubaark> Covered all Short ES at 1536.25 --> - 3.25 «« paper »» 11:01

Buys ES @ 1536 «« paper »» 11:03

<Bambam-77> will take par at 37.5 area and stp will be moved to break even then +2t 35 for trgt 39 11:04

<intowin> been buisy at work and only time for one premarket call a day for the next week or so. I dont like the pa for todays call so got out. Will try agian tommorow around 8 am.

<szubaark> yeah i had no read on this PA so far.. 11:05

<intowin> These are swing plays where I go for +5 on half and +10 on balance. I will normally have a 5 pt stop loss, to ride out chop while I am away.

gl all 11:06

* intowin is now known as intowin_away

<szubaark> Exited 1/2 Long ES at 1538.50 --> + 2.5 «« paper »» 11:07

exit stop moved to breakeven ES @ 1536 «« paper »»

<Bambam-77> goal reached for the day

<szubaark> would be nice if i could ride this out for 10+ Points since im in the Hole

<Bambam-77> 3 lots off last at 38.75

<NihabaAshi> Long ER2 @ 817.50 -> small size 11:11

1 only

<szubaark> i wonder if this Pop has anything to do with the GM strike :))

<NihabaAshi> Exited ER2 Long @ 818.10 --> + 0.6 11:14

* Looking up mptrading user info... 11:17

<ItalianSharp> we were long due for a pop....although i am not impressed yet by this move 11:21

<Bambam-77> ss er @ 17.50 11:49

819 stp on close 11:50

above

<NihabaAshi> Shorts ER2 @ 816.80 -> small size 11:52

1 only

<Bambam-77> first lot off at 16.50 of 3 lots 11:54

<NihabaAshi> Gold and Oil trying to move higher 11:57

<Bambam-77> we should re test 39 in the next 1/2 hr period point of control this 1/2 hr 11:58

we need a rtrc to 36.50 area 11:59

<szubaark> hhmm.. chop at high of day here 12:06

<NihabaAshi> Covered ER2 Short @ 818.30 --> - 1.5 12:07

ooops...

Covered ER2 Short @ 816.30 --> + 0.5 12:08

<ItalianSharp> niha, are you in scalping mode?

<NihabaAshi> No...

<szubaark> Nice. takes balls to be Shorting such a strong Pop.

<NihabaAshi> I don't have the proper tools for scalping.

Thus, even if I wanted to scalp...I can't do it properly :)

<ItalianSharp> szu, i dont the pop was strong...it looked strong because we've been ranging for like forever...yet, it wasnt very strong IMO 12:09

<NihabaAshi> My exit occurred after a patient trade that reached its profit target.

<szubaark> yes.. breakout after all the Stops were taken out in the congestion

<NihabaAshi> Doesn't matter if it took 1 min or 5 hrs... 12:10

<ItalianSharp> exactly

<NihabaAshi> A WRB was my target and it just happen to form at a +0.5 profit

<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) 12:11

<NihabaAshi> Be back later...going to lunch

* NihabaAshi is now known as NihabaAshi_away

* codehead_afk is now known as codehead 12:27

<Tim_a> . 12:28

<szubaark> .. 12:35

expecting volatility spike here soon, hopefully to Upside, im Long 12:36

<ItalianSharp> szu, tough to get spikes when the pundits are out for lunch 12:40

<szubaark> Ive seen them do it during lunch hour :) 12:41

they have junior to push the button

<ItalianSharp> given the low volatility over the last few days, i'd be shocked to see mkts pick up volatility during lunch time today...agree with you that sometimes we do get some nice moves around this hr, but i am not very positive we'd get one today...you jsut never know though 12:42

<Tim_a> some days have a lot of opportunities 13:31

this isnt one of them

<GoodMood> [18:42] <ItalianSharp> given the low volatility over the last few days, i'd be shocked to see mkts pick up volatility during lunch time today...agree with you that sometimes we do get some nice moves around this hr, but i am not very positive we'd get one today...you jsut never know though 13:34

IS, are you shocked now ? :)

<Tim_a> funny how as soon as you say that, something happens

<GoodMood> a good contra indicator ... :)

<Tim_a> (i was referring to my own previous comments) 13:35

<GoodMood> ok

<Tim_a> i meant to be humble, not snotty 13:38

<ItalianSharp> goodmood...lunch break should be over by now... 13:39

<GoodMood> i didn't mean to hurt you either, IS 13:43

<Brutus> Volume and trend looking very bearish, no bounce on the ES 13:54

<Tim_a> es closed the gap, ym hadnt even started on it - i hate gaps 13:56

<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) 14:17

<szubaark> Exited all Long ES at 1536 --> 0 «« paper »» 14:37

Late Post.

<tim_a1> prickely day, ym did a dhort signal, then a nasty little stop run before moving 14:40

* NihabaAshi_away is now known as NihabaAshi 14:41

<NihabaAshi> Shorts ER2 @ 811.30 -> small size 14:42

Covered ER2 Short @ 811.20 --> + 0.1 14:45

* intowin_away is now known as intowin 14:50

<NihabaAshi> Long ER2 @ 811.50 -> small size 14:51

2 only

Geesh 14:56

jumpy prices

Exited 1/2 ER2 Long @ 812.80 --> + 1.3 14:59

<intowin> nice one

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<NihabaAshi> resistance zone around the 812.80 price area 15:01

<tim_a1> nasty day, i've seen 2 'evening stars' on ym 5 minute chart invalidated today 15:02

<eminitrader> Shorts ES @ 1534.50

<rainer> Shorts ER2 @ 812.50 15:04

<eminitrader> 3 tick stop ..be back

<rainer> Covered all ER2 Short @ 811.60 --> + 0.9 15:05

<eminitrader> wow... 15:09

stpped out

Covered all ES Short @ 1535.25 --> - 0.75 15:10

<NihabaAshi> Exited ER2 Long @ 814.20 --> + 2.7

<intowin> way to stick to your guns :)

<tim_a1> nice, nih 15:11

<NihabaAshi> thanks

<eminitrader> with taht trade i'm done ...see u all in the morn 15:13

<intowin> same here... Will only be able to work on a swing trade pre market cu guys around 2 tommorow

<Brutus> I guess if Buffet want to buy into his derivative time bomb it can't be all that bad. I figure this is the reason for this move? 15:22

09/26/2007 15:19 S&P 500-SPX: Bullish Flag - There is a small bullish flag forming on the daily chart of the S&P 500. The pattern would become valid on a breakout above 1530 and has an upside objective to 1570. It should be noted that index patterns are not always reliable. Also the objective itself would be only a marginal new high, not a breakout. FOTW 15:31

<tim_a1> quite the reversal 15:55

<Brutus> ============ U.S. MARKETS ACTION =========== 16:02

DJIA up 99.17 points to 13880.91

NASDAQ up 14.30 points to 2697.63

S&P 500 up 8.10 points to 1525.27

10-year T-note up 70/32 at 101 0/32 yield 4.621

NYMEX Spot Crude up $0.77 at $80.30/bbl at close

Dollar/Euro down 0.0021 at 1.4123

http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={e2fb8 ffb-8bb7-40c0-a633-985c307c4fbd}

<tim_a1> any thoughts on this selloff? 16:11

<biou_biou> hi re 16:17

einai kaneis edw mesa?

hello?

<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) 16:20

* DisconnectedSession Close: Wed Sep 26 16:35:12 2007 16:35

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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

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