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#FuturesTrades October 8th Monday 2007 Trade Log

 

Russell 2000 Emini ER2 Futures

Today Month Year
+6.50 +73.70 +2744.20
$650 $7,370 $274,420

Profitable Trade

0944am - 0948am est

Losing Trade

"No Losses"

click on image to view actual size

 

Current Performance Record

Key Trades of the Day (see chat log below)

Profit/Loss Statement

 

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: Mon Oct 08 09:35:18 2007Session Ident: #futurestrades
* Now talking in #futurestrades09:35
<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<pat255> been @ work all last week ...sigh
<szubaark>  Covered all Short ES at 1565.25 --> 0 «« paper »» 09:37
<NihabaAshi> I'm not expecting a full room today because its a holiday for some folks including me.
<Nesi> yup09:38
<pat255> hmmm today?
<PapaJon> Columbus Day
<pat255> ah ha ...i c
<bandr> long 46.5009:39
stop 45.50
<szubaark>  Buys ES @ 1565.25 «« paper »»
<bandr> limit sell 48.5009:40
stop 46.60
<les>  Long ER2 @ 848.4 «« paper »» 09:44
<bandr> all out + 2
<NihabaAshi>  Shorts ER2 @ 848.80 -> small size

Covered all ER2 Short @ 847.90 --> + 0.9 09:48
<les>  Exited ER2 Long @ 847.4 --> - 1 «« paper »» 09:49
Reverse and Enter Short ER2 @ 847.4 «« paper »»
Covered all ER2 Short @ 846.7 --> + 0.7 «« paper »» 09:50
Shorts ER2 @ 846.1 «« paper »» 09:53
<bandr> buy 46.4009:57

stop 45.40
<base> GM all10:00
<bandr> stop 46.5010:01
<les>  Covered ER2 Short @ 847.1 --> - 1 «« paper »»
Reverse and Enter Long ER2 @ 847.1 «« paper »»
<bern> Hi, gm10:02
<bandr> 49.40 limit sell high hopes10:05
47.40 stop10:06
all out + 310:07
<pat255> vn
<szubaark>  Exited 1/2 Long ES at 1566.50 --> + 1.25 «« paper »»
<NihabaAshi> Reminder: This month and next month is the time of the year where trends can quickly develop on little volume or low volatility.
<szubaark>  exit stop moved to breakeven ES @ 1565.25 «« paper »»
<les>  Exited all ER2 Long @ 850.1 --> + 3 «« paper »» 10:08
<NihabaAshi> Thus, be very careful is volume analysis is a key aspect of your trading because the low numbers will trick you.
  
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) 
  
<bandr> short 50.20
<pat255> y
<bandr> stop 51.20
<les>  Shorts ER2 @ 849.8 «« paper »»
<bandr> limit buy 49.2010:09
<les>  Covered ER2 Short @ 850.4 --> - 0.6 «« paper »»
Reverse and Enter Long ER2 @ 850.4 «« paper »»
<bandr> all out + 110:13
<szubaark>  Exited all Long ES at 1565.25 --> 0 «« paper »»
<les>  Exited ER2 Long @ 849.5 --> - 0.9 «« paper »» 10:14

Reverse and Enter Short ER2 @ 849.5 «« paper »»
<szubaark> too tight of a range to get any runners going
<les>  Covered all ER2 Short @ 849 --> + 0.5 «« paper »» 10:15
<bandr> buy 48.5010:16
stop 47.50
limit sell 49.5010:17
<les>  Long ER2 @ 848.8 «« paper »»
<szubaark>  Buys ES @ 1565.50 «« paper »» 10:25
<les>  Exited all ER2 Long @ 848.4 --> - 0.4 «« paper »» 10:28

Long ER2 @ 848.3 «« paper »» 10:30

Long ER2 @ 849.1 -> Add «« paper »» 10:34
<bandr> cancel limit sell
stop 48.00
<pat255> vn bandr...

dang i b/e
<bandr> out -.5010:37
buy 47.6010:42
47.30 stop
all done -.3010:43
<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)10:46
<Brutus>  Long ER2 @ 847.7 «« paper »» 10:47
exit stop set ER2 @ 847.2 «« paper »»
<les>  Long ER2 @ 847.9 -> Add «« paper »» 10:48
<Brutus> looking for ES gap close10:50
<szubaark> 1567 first Wall10:52
<Brutus> 2nd scenario is ES flushes out LOD first10:53
Exited ER2 Long @ 847.2 --> - 0.5 «« paper »» 10:58
Long ER2 @ 846.8 «« paper »» 10:59
exit stop set ER2 @ 846.3 «« paper »» 11:00
exit stop set ER2 @ 846.2 «« paper »» 11:01
Exited ER2 Long @ 846.2 --> - 0.6 «« paper »»
<szubaark>  Exited all Long ES at 1562.25 --> - 3.25 «« paper »» 11:04

Shorts ES @ 1562.25 «« paper »»
<les> jeez - i go away for a few mins and come back to this :(11:05
<szubaark> possible downtrend in the making11:07
<les>  Exited all ER2 Long @ 846.7 --> - 2.8 «« paper »»
<NihabaAshi> Me too...grandparents just left with the kids...wished they had came around 12 noon as they promised :(
<les> now in a short
happened v quick, but here it is:
Shorts ER2 @ 844.3 «« paper »» 11:08
wrong
Shorts ER2 @ 845.5 «« paper »»
Covered 1/3 ER2 Short @ 844.3 --> + 1.2 «« paper »»
Covered 1/3 ER2 Short @ 842.8 --> + 2.7 «« paper »» 11:10
Covered Remainder ER2 Short @ 844.2 --> + 1.3 «« paper »» 11:13
Long ER2 @ 844.1 «« paper »» 11:19
Exited ER2 Long @ 842.9 --> - 1.2 «« paper »» 11:36
Reverse and Enter Short ER2 @ 842.9 «« paper »»
* bern is now known as bern_away11:37
<NihabaAshi>  Long ER2 @ 843.20 -> small size 11:40
<les>  Covered all ER2 Short @ 843 --> - 0.1 «« paper »»
<NihabaAshi> I don't have support for my Long by Oil and Gold...11:42
Hopefully they show up.
<szubaark> ES looks Weak pushing other Indexes down11:45
<NihabaAshi> If ER2 pops to the upside...I won't hold it too long because Gold and Oil don't look good right now.11:46
<les>  Long ER2 @ 843.5 «« paper »» 11:56
<NihabaAshi>  Exited all ER2 Long @ 843.80 --> + 0.6
<Pepe> nice11:57
<les>  Exited 1/2 ER2 Long @ 844.3 --> + 0.8 «« paper »» 11:59
<NihabaAshi> ER2 trying to do its own thing now but it has very little support for such.12:06
<les>  exit stop raised ER2 @ 844.2 «« paper »»
<NihabaAshi> If it gets the support...ER2 could surge upwards very quickly.
<les> just following it upwards without expecting much here
<Guest35179> long 844.90
<les> back later to post exit12:08
* les is now known as lesAway
<Guest35179> out 844.60 -.312:11
* lesAway is now known as les12:14
<les>  Trailing Stop Hit ER2 @ 844.2 --> + 0.7 «« paper »»
done for today
<szubaark> les u came on top today?
<les> nope
shouldnt have been here today - very sleepy - late nite last nite
plus not a good day for volatility12:15
<Tim_a1> i thought marketsw were closed for columbus day?
<GoodMood> so did I, IS told me so on froday
<szubaark> Tim, Lets Trade!
<les> cya all tomorrow
<szubaark> bye les
<les> sleeptime i think :)12:16
<NihabaAshi> Anything associated with Columber Day is tricky...12:18

Columber = Columbus Day12:19

Besides most folks still think Columbes sailed west to prove that the earth was not flat.
<szubaark> heheh Columber, i like that better
<NihabaAshi> In reality, he went west to settle a debate about how big of a "globe" the planet was.12:20

Tricky day indeed :)
<szubaark> wonder where he got the money to do all that adventuring.
<NihabaAshi> Spice Futures :)12:21

I heard he was a good trader in Spice speculations.

:)
<szubaark> ohh..
<NihabaAshi> I'm joking about the spice stuff12:22
<Tim_a1> so columbus day has regular market hours?12:23
<Brutus> y12:38
<pdays2> yes
banks and bonds closed
<szubaark>  Covered all Short ES at 1561.75 --> + 0.5 «« paper »» 12:43

Buys ES @ 1561.75 «« paper »» 12:44
<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)12:52
<cmrodrig> Don't forget my country of sailors on Columbus day: Portugal13:08
<Brutus>  Long ER2 @ 844 «« paper »» 13:30
10/08/2007 13:28 *DJ OIL FUTURES: Nymex Crude Down $2.36 At $78.86/Bbl13:33
exit stop set ER2 @ 843.1 «« paper »» 13:34
Exited ER2 Long @ 843.1 --> - 0.9 «« paper »» 13:41
<intowin>  short ES @ 1561.50 13:48

63.50 stop

Covered all ES Short @ 1561.50 --> 0 14:18

Long ES @ 1562 14:20
<rainer>  Shorts YM @ 14112 14:47
<szubaark>  Exited all Long ES at 1562 --> + 0.25 «« paper »» 14:52
<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)14:55
<NihabaAshi>  Shorts ER2 @ 844.30 -> small size 15:32

trying something new here15:33
<rainer>  Covered all YM Short @ 14101 --> + 11 15:34
Sorry I´m late
<NihabaAshi>  Covered ER2 Short @ 844.30 --> 0 15:40

Reverse and Enter Long ER2 @ 844.30

went from 1 to 2 on the reversal15:41

Exited 1/2 ER2 Long @ 845.60 --> + 1.3 15:45
<intowin>  Exited 1/3 ES Long @ 1564 --> + 2 15:47
<NihabaAshi>  Exited Remainder ER2 Long @ 845.00 --> + 0.7 15:54
  
WRB Analysis
  
<Guest35179> short 845.415:58
out 844.4 +116:00
<intowin>  Exited all ES Long @ 1564 --> + 2

cu hopefully tommorow has a better range16:02
<werner> gn all16:30
* NihabaAshi is now known as NihabaAshi_away16:32
* sep34 is now known as sep34_away
<cmr> Niha, when analysing WRB what timeframe is used ?16:34
<NihabaAshi_away> I use 2min, 3min and 5min.16:45
I add the 1min chart during high volatility trading conditions.16:46
<cmr> But in that case, the 2min WRB could not be on 5min charts, correct?16:54
<NihabaAshi_away> It's possible that a 2min WRB will not be on the 5min chart.16:55
* DisconnectedSession Close: Mon Oct 08 17:01:01 200717:01
  
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#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.

  

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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.

Sincerely,

M.A. Perry and Associates

TheStrategyLab.com

 questions@thestrategylab.com

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