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#FuturesTrades October 3rd Wednesday 2007 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+3.50	+36.60	+2707.10
$350	$3,660	$270,710

Profitable Trade

0938am - 0945am est

Losing Trade

1041am - 1051am 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: The 1030am est EIA Petroleum (Oil) Status Report is one of those key market events you need to know when its going to occur along with monitoring the price action it produces because it often results in a WRB s/r zone that can be exploited today and tomorrow if range bound markets show up.

With that said, today's key WRB price action was between 1034am - 1040am est and it should be important for tomorrow's price action.

Simply, be prepared to trade any pattern signal that shows up in that price range that was produced by the EIA Petroleum (Oil) Status Report.

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 (ex. Oil and Gold), 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 so that I'll have a better understanding of ER2 price action.

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 Oct 03 09:27:13 2007Session Ident: #futurestrades

* Now talking in #futurestrades 09:27

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

<Pepe> gm all

<NihabaAshi> Good morning all 09:28

<Dmi76> gm all

<Brutus> gm

<NihabaAshi> Anybody trade the Hang Seng HSI futures???

Incredible price drop and I had the chance to watch it in realtime as it was occuring :) 09:29

Too bad I wasn't trading that early in the morning.

<PapaJon> gm all

<ripsboy> good morning all... 09:31

<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). 09:32

<werner> gm niha ,all

<eminitrader> Shorts ES @ 1550.75 09:34

Covered ES Short @ 1551.25 --> - 0.5 09:36

Reverse and Enter Long ES @ 1551.25

<NihabaAshi> ER2 over doing it :) 09:37

<eminitrader> Long ES @ 1551.25 -> Add

10 now 09:38

<NihabaAshi> In fact, it has no support for what it currently is doing.

<Dmi76> Long ES @ 1551.50

<NihabaAshi> Shorts ER2 @ 535.20 -> medium size

meant 835.20 and not 535.20 09:39

<Pepe> hmm

<NihabaAshi> :)

<eminitrader> Exited ES Long @ 1550.75 --> - 0.5

Reverse and Enter Short ES @ 1550.75

10 lot

<NihabaAshi> reposting trade

Shorts ER2 @ 835.20 -> medium size 09:40

<Nesi> hi all

<Dmi76> Exited ES Long @ 1550,50 --> + 1550,50 - 1551.50

Reverse and Enter Short ES @ 1550,50

<szubaark> Shorts ES @ 1550.75 «« paper »» 09:41

<Nesi> short ER 834.60

<eminitrader> looking like a big down move coming

<Nesi> i am average 834.55 ER short now...fwiw 09:42

<szubaark> Overnight is in a downtrend so maybe continuation is what i see

<NihabaAshi> Covered 3/4 ER2 Short @ 833.60 --> + 1.6

That was really "weird" to see ER2 move that strongly upwards after the opening bell when other key markets didn't do the same. 09:43

<szubaark> Covered 1/2 Short ES at 1549.50 --> + 1.25 «« paper »»

exit stop moved to breakeven ES @ 1550.75 «« paper »»

<eminitrader> Covered 1/2 ES Short @ 1548.75 --> + 2.5 09:44

<Brutus> great start guys

<les> niha - that spike was probably just a quick move to close the gap 09:45

<NihabaAshi> Covered Remainder ER2 Short @ 832.50 --> + 2.7

<werner> nice niha 09:46

<szubaark> good start Niha.. first trade in the bank

Trading Edge:
Strategies
If your an independent trader looking for an edge to help you traverse around obstacles to profitable trading...a method that's well defined, gives you a better understanding of the markets, applicable for day trading, position trading, swing trading, market seasonal tendencies, position size management, intermarket analysis with a money back guaranteed policy...click here.

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 and Intermarket 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)

<Dmi76> Covered all ES Short @ 1549.50 --> + 1550,50 - 1549.50

<NihabaAshi> Les...I didn't know why it was going up and when stuff like that happens...I stay on the sidelines until something shows up that does make sense :)

<les> well i 'm suggesting why 09:47

was unusual for it to happen so rapidly tho

<NihabaAshi> Thanks

<Dmi76> breakeven after 2 trades

<NihabaAshi> Weak support here via Oil and Gold trying to stabilize after the price drop.

<les> Shorts ER2 @ 831.1 «« paper »» 09:49

Shorts ER2 @ 831.4 -> Add «« paper »» 09:51

<Brutus> 1000/1400 Sep ISM Non-Mfg Index 09:56

Non-Manufacturing Business

Index 54.8 55.8

1030/1430 Sep 28 US Energy Dept Oil Inventories

Crude Oil Stocks (in barrels) +1.8M

Gasoline Stocks (in barrels) +600K

Distillate Stocks (in barrels) +1.6M

<NihabaAshi> Shorts ER2 @ 830.20 -> small size

<Nesi> cover ER from 834.55 at 830 09:57

<les> Covered 1/2 ER2 Short @ 829.9 --> + 1.5 «« paper »»

<Nesi> buy ER 829.90

<eminitrader> Covered 1/3 ES Short @ 1547.75 --> + 3

<szubaark> Covered all Short ES at 1548 --> + 2.75 «« paper »» 09:58

<eminitrader> holding 2

<Nesi> sell ER 830.40 from 829.90

<NihabaAshi> I don't see any support showing up so far...everybody seems to be together....will dump the trade if other key markets decide to do their own thing.

<Nesi> buy ER 830.10 09:59

with stop 829.50

hit stop

buy ER 830 10:00

with stop 829

<NihabaAshi> wow...that's a lot of tick action or my system is slowing down

Covered all ER2 Short @ 830.10 --> + 0.1 10:02

:(

<szubaark> hmm.. some buyers stepping in here 10:03

<Nesi> SELL ER from 830 at 831.10

short ER 831 with stop 832 10:04

cover ER 830.50 from 831 10:06

<les> Shorts ER2 @ 830.3 -> Add «« paper »»

<Nesi> buy ER 831

stop 830

<eminitrader> Covered Remainder ES Short @ 1550 --> + 0.75 10:08

<Nesi> sell ER 832 FROM 831

BUY ER 831.90 10:10

sell ER 831.50 10:11

-.4

short ER 831.50 10:12

SHORT NQ 129.50 10:13

<szubaark> Shorts ES @ 1551.25 «« paper »» 10:16

<les> Shorts ER2 @ 832.5 -> Add «« paper »» 10:18

<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) 10:21

<blp> short er 32.60 10:22

<Nesi> COVER NQ 130.50 from 129.50 -1

still holding ER from 831.50

<blp> -.80 er all out 10:23

<szubaark> Covered all Short ES at 1552.50 --> - 1.25 «« paper »»

Buys ES @ 1552.75 «« paper »»

<Nesi> i am big in the wrong side

<szubaark> oopps i just jumped a Volatility candle to the upside- BAD ENTRY 10:24

<blp> er short 33.60 10:25

stop 34.30 last trade 10:26

<bern> Crude Oil inventories in 4 min

<NihabaAshi> volatility declining in ER2...fast... 10:31

I'm expecting a volatility spike here soon.

<szubaark> hopefully to upside, im Long.

gap still Open. 10:32

<blp> - .70 er 10:34

<Nesi> i am still holding er 831.50 , made a mistake and i did not hit the stop

be right back, guys 10:35

<base> GM all 10:37

<ScreenStruck> gm all 10:39

<NihabaAshi> Shorts ER2 @ 831.90 -> small size 10:41

trying something new here

<Nesi> still in my short 831.50 , pure luck 10:45

after being down 3 points

<les> not really, nesi...

with such sharp rises and falls it was likely to come back at some point 10:46

<Nesi> i always keep my stops

out 832 from 831.50 -.5 ... good loss! :) 10:47

<les> well i'm holding out for another drop

may just trundle sideays tho

<Nesi> now a little break to punish myself for not keeping my stop , which i always do :)

<Dmi76> for how long have you been trading Nesi?

<Nesi> well, i have been working for two real time chartrooms , trading nasdaq, etc 10:48

for 10 years

i left them

and i dont recommend anyone to go to a room and pay for it :)

<Dmi76> ok 10:49

<pdays> Long ER2 @ 831.

<Nesi> now i just play futures

<pdays> Long ER2 @ 831.8

Exited all ER2 Long @ 832.1 --> + 0.3

<NihabaAshi> Covered ER2 Short @ 833.50 --> - 1.6 10:51

Reverse and Enter Long ER2 @ 833.50

reversed from 1 short into 2 long

<Nesi> short ER 833.50 with stop hard 834.30 10:52

<szubaark> Niha did i see u enter on Volatility spike?

<NihabaAshi> Yes 10:53

no longer spiking :(

<Nesi> there it goes...Niha

<szubaark> I entered on the Prior WRB which retraced almost 100% BUT held Support.

<Dmi76> Long ES @ 1552.75 10:54

<Nesi> hit my stop

out

buy ER 834.50 10:55

2 c

<eminitrader> Shorts ES @ 1553.5

<Nesi> feels like day high is a big magnet now..imho

<Dmi76> Exited all ES Long @ 1553.25 --> + 0.5

<Nesi> feels like ER wants to spike to print 835 soon..imo 10:57

if so.. probably it will go for day high..imho

<NihabaAshi> Exited all ER2 Long @ 834.60 --> + 1.1 10:58

<szubaark> Exited 1/2 Long ES at 1553.75 --> + 1 «« paper »»

<eminitrader> Shorts ES @ 1554 -> Add

<szubaark> exit stop moved to breakeven ES @ 1552.75 «« paper »»

<Nesi> come on 835 10:59

<eminitrader> Shorts ES @ 1554 -> Add 11:00

now holding 10

<Brutus> Shorts ER2 @ 834.4 «« paper »»

<szubaark> Exited all Long ES at 1553.25 --> + 0.5 «« paper »» 11:01

Shorts ES @ 1553.25 «« paper »»

<les> back later

<eminitrader> Covered 1/3 ES Short @ 1553 --> + 1

* les is now known as lesAway

<Nesi> vn

<eminitrader> avg 1553.87.50 11:02

thyx N

<Nesi> i am in 4 c ER at 834.50 11:06

sold 2 at 835 11:07

hold 2 now

feels i probably can get 836.50 837 area...we will see

<Brutus> Covered ER2 Short @ 834.4 --> 0 «« paper »» 11:14

<Nesi> sold 1 more ER at 835.50 11:16

holding last one

for 837 area...or stop at 834.50 to be flat

out last ER at 835.50 11:24

short ER 835.30 11:25

<eminitrader> Covered 1/2 ES Short @ 1554 --> - 0.5

<tim_a> . 11:29

<NihabaAshi> Long ER2 @ 836.00 -> small size 11:41

Exited ER2 Long @ 835.00 --> - 1 11:45

Reverse and Enter Short ER2 @ 835.00

reversed from 1 Long into 2 Shorts 11:46

Long was something new I'm working on.

So far today, new stuff getting their butts beat.

<intowin> short ES @ 1554.50 11:47

exit stop set ES @ 1556.25 11:48

<Dmi76> Shorts ER2 @ 835.1

<eminitrader> Exited ES Long @ 1554.25 --> + 0.75

Reverse and Enter Short ES @ 1554.25

no wrong

Covered ES Short @ 1554.25 --> 0

Reverse and Enter Long ES @ 1554.25

see all time new highs ... 11:49

:))

<intowin> very possible. I like entrys where I can have a nice tight stop.. worth a shot here.. 11:50

<Dmi76> Covered all ER2 Short @ 835.5 --> - 0.4

Long ES @ 1555.25 11:51

<NihabaAshi> Covered all ER2 Short @ 835.80 --> - 0.8

<Dmi76> prefer es now its alittle smoother

<NihabaAshi> Oil and Gold decided to give support to the upside :(

<intowin> Covered all ES Short @ 1556.25 --> - 1.75 11:52

<szubaark> Covered all Short ES at 1556.25 --> - 3 «« paper »»

<eminitrader> Exited 1/3 ES Long @ 1556.25 --> + 2

<intowin> good call

<eminitrader> thx.. 11:53

<szubaark> Buys ES @ 1556.25 «« paper »»

<Guest35179> short 836.5

<NihabaAshi> Long ER2 @ 836.30 -> large size 11:56

<szubaark> these creeper trends are tough to trade 11:59

<eminitrader> true szu...and i gotto leave shortly :(

<Guest35179> out 835.80 +.7 12:00

<szubaark> might as well, its gonna take its time :)

<Dmi76> Exited all ES Long @ 1555.50 --> + 0.25

<eminitrader> Exited Remainder ES Long @ 1555.25 --> + 1

<Dmi76> lost my patience

<NihabaAshi> Creeper price action requires a different type of stop/loss management

WRB Analysis

Learn More

<Guest35179> short 835.90 12:02

out 835.50 +.4 12:03

short 835.80 12:05

<NihabaAshi> Gold still declining :( 12:09

<intowin> Long ES @ 1555

<NihabaAshi> Oil looks like it wants to join Gold. 12:10

If both can stabilize...it'll keep me from losing my patience in this trade.

<intowin> last trade here setting stop at 1553

be back

<NihabaAshi> Oil trying to stabalize while Gold seems indecisive (up or down). 12:11

Exited all ER2 Long @ 835.50 --> - 0.8 12:15

lost my patience and my support.

Going to lunch to re-energize.

* NihabaAshi is now known as NihabaAshi_lunch 12:16

<Guest35179> out 835.4 +.4 12:18

short 835.90 12:19

out 835.40 +.5 12:20

short 836.50 12:22

out 835.9 +.6 12:23

<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) 12:24

<NihabaAshi_lunch> Long ER2 @ 836.10 -> small size 12:51

* NihabaAshi_lunch is now known as NihabaAshi

<Dmi76> Long ER2 @ 836.1 13:00

<NihabaAshi> Exited ER2 Long @ 835.00 --> - 1.1 13:09

Reverse and Enter Short ER2 @ 835.00

1 to 2 contracts on the reversal

Gold and Oil trying hard to put in a failed counter-thrust without retracing back up. 13:10

Covered all ER2 Short @ 833.80 --> + 1.2 13:11

<Dmi76> Exited all ER2 Long @ 834.6 --> - 1.5 13:12

<NihabaAshi> Be back later and if I don't return from my appointment...

The day will close as a small profit :(

* NihabaAshi is now known as NihabaAshi_away 13:13

<Nesi> cover ER from 835.30 at 832.50 13:42

done for day...have a good day all, see you tomorrow 13:43

<tim_a> nice one nesi

<intowin> late post 14:10

Exited all ES Long @ 1553 --> - 2

guess I shoulda stuck to my short guns 14:12

[11:47] <intowin> short ES @ 1554.50

my stop was only run over by one tick

otherwise I would still be short

oh well done for the day

<tim_a> long ym 38 14:14

sold/scratched ym at 39, should have blasted up by now 14:22

<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) 14:27

<szubaark> theyn went up then down.. looks liike chasing little retail around all day LOL 14:32

Shorts ES @ 1547.50 «« paper »» 14:37

<Guest35179> long 829.50 14:41

out 830.50 +1 14:42

<tim_a> crappy no-follow through afternoon 14:46

at least not to the upside anyway

time 2:05 eastern really looked like a long signal 14:47

<Guest35179> long 828.8 14:48

<szubaark> Covered all Short ES at 1547.75 --> - 0.25 «« paper »» 14:51

<Guest35179> out 829.60 +.8 14:52

<Brutus> Nice trades Guest, when you got time give us an general overview of your charts/methods unless you already got a strat lab profile? 14:55

Long ER2 @ 830.8 «« paper »» 15:39

Exited ER2 Long @ 830.3 --> - 0.5 «« paper »» 15:41

<NihabaAshi_away> Just got back from my appointment 15:43

* NihabaAshi_away is now known as NihabaAshi 15:44

<NihabaAshi> Too bad I had to dump that profitable short early prior to its profit targets to leave for my appointment...would have been a big profitable trade. 15:47

<Guest35179> long 830.60 15:49

out 831 +.4 15:50

short 831.2 15:52

out 830.7 +.5

<tim_a> vicious [rice action this afternoon 15:56

<Guest35179> short 831 15:57

out 831.2 -.2 15:58

<NihabaAshi> Long ER2 @ 831.30 -> small size 15:59

1 only

<Guest35179> short 831.80

out 832 -.2 16:00

<NihabaAshi> Exited ER2 Long @ 832.50 --> + 1.2

<Guest35179> short 832.60

out 831.9 +.7 16:01

<NihabaAshi> I didn't reach my profit goal for the day but I did finish profitable with all the distractions today involving some personal stuff. 16:04

<Brutus> ============ U.S. MARKETS ACTION ===========

DJIA down 87.06 points to 13961.67

NASDAQ down 19.68 points to 2727.43

S&P 500 down 7.86 points to 1538.74

10-year T-note down 6/32 at 101 19/32 yield 4.544

NYMEX Spot Crude down $0.08 at $79.97/bbl at close

Dollar/Euro down 0.0054 at 1.4094

http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={362e0 994-4848-4681-a6db-0ba0454adc18}

<Guest35179> my platform froze. what's the latest price for er2? 16:17

* sep34 is now known as sep34_AWAY 16:18

<sep34_AWAY> 832.50 16:19

<Guest35179> thanks

<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) 16:33

<werner> gn all 16:37

* NihabaAshi is now known as NihabaAshi_away 17:32

* lesAway is now known as les 17:54

* DisconnectedSession Close: Wed Oct 03 18:38:00 2007 18:37

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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 and ZG

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.