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#FuturesTrades October 10th Wednesday 2007 Trade Log

 

Russell 2000 Emini ER2 Futures

Today Month Year
+4.20 +97.00 +2767.50
$420 $9,700 $276,750

Profitable Trade

1220pm - 1237pm est

Losing Trade

0949am - 0957am est

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: Wed Oct 10 07:59:05 2007Session Ident: #futurestrades
* Now talking in #futurestrades07:59
<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
#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)08:28
<Dmi76> gm all09:01
* bern_away is now known as bern09:05
<bern> hi, good morning09:06
<base> GM all09:18
<PapaJon> gm all09:27
<werner> gm all09:33
<ripsboy> good morning folks..09:34
<pat255> gm all
stuck @office :(
<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)...use this room as your trade journal.09:35
<pat255> L 72.25 es09:40
add 71.509:42
<NihabaAshi>  Long ER2 @ 849.30 -> medium size 09:49

My Oil data just stalled (stopped)...09:51

:(
* subq almost forgot to post market profile charts for today, they were there though
http://www.charthub.com/images/2007/10/1 0/ym_rth_mp.png
http://www.charthub.com/images/2007/10/1 0/nq_rth_mp.png
http://www.charthub.com/images/2007/10/1 0/es_rth_mp.png
http://www.charthub.com/images/2007/10/1 0/er2_rth_mp.png
<NihabaAshi> There's also a 10am est key market event09:52

We may also see some volatility near 1030am est today because many traders will have forgotten that the Weds 1030am est EIA Petroluem report gets moved to Thurs whenever there's a Monday holiday.09:53
<szubaark>  Buys ES @ 1571.25 «« paper »»
<Brutus> 1000/1400 Aug Wholesale Trade

Inventories +0.3% +0.2%
<pat255> all out es...:(09:55
<NihabaAshi>  Exited all ER2 Long @ 848.20 --> - 1.1 09:57

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)
<pat255> thks N10:00
<Brutus>  Long ER2 @ 847.8 «« paper »» 10:01

Exited ER2 Long @ 847.8 --> 0 «« paper »» 10:02
<NihabaAshi>  Shorts ER2 @ 847.90 -> large size
<szubaark> almost no volatility after the 10am news10:04

market waiting on Chrysler news10:05
<base> It is ranging in the Pivot Range (847.10 - 850.00).
<bern> Chrysler news?
<szubaark> UAW and Chrysler strike details out at 11 am
<bern> thanks szu
<szubaark> im sure big boys get the leak first10:06
<NihabaAshi>  Covered all ER2 Short @ 847.50 --> + 0.4
<szubaark> then we will hear it on the News channels
Exited all Long ES at 1569 --> - 2.25 «« paper »» 10:07
<NihabaAshi>  Long ER2 @ 846.90 -> small size 10:12
<szubaark>  Buys ES @ 1568.75 «« paper »»
<NihabaAshi> A few earlier Dark Hammer Lines that may want price to retrace back upwards to test the price range of the lower shadows.

oh oh...volatility dropping fast.10:16
<intowin> should get a bounce here10:17
<bern> nq looks stronger than ym and es, dax and estoxx look like wanting to go up after bottoning...10:18
<NihabaAshi> My patience has reached its limits on this trade...10:21
Exited all ER2 Long @ 848.00 --> + 1.1 10:23
exited within the lower shadow of that prior Dark Hammer Line (10am est via 2min chart).10:24
  
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) 
  
<intowin> range in this area till word is out on the strike imo10:39
<Brutus> 10/10/2007 09:43 *DJ Greenspan: Odds Of Skirting Recession Better Than 50/5010:41
<ItalianSharp> I believe Greenspan has lost most of his credibility recently...he's been contradicting himself over and over and he always seems to be negative on the economy when his latest book is about to be released10:44
Greenspan should do like any old man: enjoy his pension and shut the hell up10:45
<Brutus> hes gotta keep those $'s rolling in :)
<ItalianSharp> yep...he's just too greedy10:47
<Brutus> Ben B must pound the table yelling STFU10:48
<Tim_a1> the problem with greenspan is that he's always put so much effort into not being understandable10:53
if he knew the truth, and told the truth, he'd deliberately tell it in a way that would make you think he's misleading you
<szubaark>  Exited all Long ES at 2569 --> + 1000.25 «« paper »» 10:54

Exited all Long ES at 1569 --> + 0.25 «« paper »»
<bern> nice trade :)10:55
<szubaark> missed my Target by 1 frikin tick
<bern> sorry, that happens..like when your stop is hit and then it turns and goes for big move without reentry :(10:56
<Brutus> 10/10/2007 10:56 GEN: Union Officials at Chrysler's Mich. Plant standing near gates readying pickets - This is being reported by Reuters, citing a Witness.10:57

10/10/2007 11:04 *DJ Chrysler Workers Start To Walk Out As Union Deadline Passes11:04
<szubaark> market clearly watching the strike Very Closely.
<bern> szu: do you really think market gives so much important to this? I would thought of it as a minor economic news ...but sure I am wrong11:16
<Brutus> looks like ES db is at risk of failing11:19
<szubaark>  Shorts ES @ 1571.50 «« paper »» 11:30
* bern is now known as bern_away11:34
<base> The ER2 is still and exactly within the mentioned pivot range.11:36
<NihabaAshi>  Shorts ER2 @ 849.10 -> small size 11:42
1 only...trying something new
<base> Trading the tunnel?
<NihabaAshi> I'm trading a s/r zone between 849.60 - 848.2011:44
<base> I am expecting bigger pressure on the upper side but I can be wrong. The upper side of the pivot range is resisting for twenty minutes already.11:46
<Brutus> 10/10/2007 11:35 HOT: Boeing-BA announces six-month delay in planned deliveries of the 787 Dreamliner11:47
leading to YM weakness11:48
<NihabaAshi>  Covered ER2 Short @ 848.20 --> + 0.9 11:50
<szubaark> Nice Niha.
<base> Very nice.11:51
<NihabaAshi> Too bad it was only one contract...would have held longer had I had an extra contract to play with.
<base> Just aproached the lower band of the range, what now ...
<szubaark>  Covered 1/2 Short ES at 1570 --> + 1.5 «« paper »» 11:54
exit stop moved to breakeven ES @ 1571.50 «« paper »»
<bern_away> CORRECT: Boeing delays Dreamliners delivery to Q4 200811:56

http://www.marketwatch.com/news/story/bo eing-delays-dreamliners-delivery-q4/stor y.aspx?guid=%7B955BBB8D%2D879F%2D4F17%2D A80D%2D13E498F131B0%7D&dist=hplatest11:57
<Brutus> see how initially BA was bid up on the news ant YM has that last surge now BA is down 2.3%11:58
<NihabaAshi> I'm going to make an exception here...12:03

Stock trading discussion is allowed if its immediately tied into what the Index futures are doing.

However, discussing stocks without providing any info about how that particular stock is affecting Index futures is not allowed.12:04
<bern_away> ok, sorry: did not realize about it.12:05
<szubaark> All i know about stocks is i have them in my IRA and look at them once a month LOL

had a few associates that blew up pretty hard Daytrading stocks. All you hear is horror stories.12:07
<Brutus> true for any daytrading SZU
<szubaark> heheh.. just got my mail, got some junk from OptionWizard (99.92% Profitible Trades) :)12:10
<base> lol12:17
If they were able to trade with that kind of accuracy, they would not have to do anything else, including to send junk mails. :)12:18
<NihabaAshi>  Long ER2 @ 846.90 -> small size 12:20

1 only
<intowin> this is a little late I just got back and my buy limit at 1568.50 triggered. Only trade today 1567.75 stop12:21
Long ES @ 1568.50
gotta run will go for a stop out or win whichever I get by 2 pm12:22
<NihabaAshi>  Exited ER2 Long @ 844.30 --> - 2.6 12:36

ooops :)

will correct

Exited ER2 Long @ 848.30 --> + 1.4 12:37
<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)
<Brutus>  Shorts ER2 @ 849.6 «« paper »» 12:49
<szubaark> Brutus u mean 848.6?12:50
<Brutus>  Covered 1/2 ER2 Short @ 847.8 --> + 1.8 «« paper »» 12:51

yes

+.8

Covered ER2 Short @ 847.5 --> + 2.1 «« paper »» 12:52
<szubaark> nice
<Brutus> +1.1

triple bottom on ES and DB on NQ in trouble12:53

Shorts ER2 @ 848.7 «« paper »» 12:54

Covered ER2 Short @ 848.6 --> + 0.1 «« paper »» 12:55
<Guest35179> short 848.312:58
out 847.5 +.813:02
<szubaark>  Covered all Short ES at 1567.75 --> + 3.75 «« paper »» 13:04
<Brutus> g66D TRADE sZ413:05
<szubaark> thx.
<Brutus> good trade
<szubaark>  Buys ES @ 1568 «« paper »» 13:07
<bern_away> tnotes and bund breaking highs13:09
<Brutus> YM below Yest low13:10
<Guest35179> short 84513:18
out 844.3 +.713:19
looking to test 84213:21
<Trader222> comeon, few more ticks13:29
<szubaark> time to close the gap now LOL13:30
<Trader222> covered here from yesterday's eod 1575 short, wanted 1565, close enuf13:31
<intowin>  short ES @ 1567.75 13:38
late
done for the day13:39
sorry that is a cover
-.75 on earlier long
<Pepe> Hi szubaark14:00

where is your Stop Loss?
<Guest35179> short 844.714:08
* codehead_afk is now known as codehead14:09
<Nesi> buy ER 84714:28
stop ER at 846 hard, fwiw14:33
buy YM 115
stop 104 stop hard too..fwiw
<szubaark>  Exited 1/2 Long ES at 1570 --> + 2 «« paper »» 14:34

exit stop moved to breakeven ES @ 1568 «« paper »»

Pepe, I change my Stop based on what i see in current Price Action. AFter that bounce@1565 my Stop was there in case went back which never did14:38

But dont get me wrong, I KNOW my Stops are still too wide to to be Constantly Profitible in this Racket.14:39
<Pepe> :) thanks14:40
<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)
<Nesi> out ER 847 even
out YM 115 flat...even
i does not feel right
i will buy 847.50 if hits and stop 846.80, fwiw14:42
in
if if i am right..probably fast spike to 84814:43
with some luck.. always help
<Guest35179> out 847.7 -314:44
<szubaark> ES gap still Open.
<Nesi> feels to me ER will close above 850 ..imho, just wierd feel
<Brutus>  Shorts ER2 @ 848.4 «« paper »» 14:45
<ItalianSharp> ES and NQ within striking distance from making new highs
<szubaark> agree Italian, just whacking High off day Stops should run ES to close gap.
<Brutus>  Covered 1/2 ER2 Short @ 848 --> + 0.4 «« paper »» 14:47
<ItalianSharp> in addition, YM cleaned up some weak longs running stops below the last 2 days lows
lets see...lots of time left
oil has been flying all day14:48
amazing run
<szubaark> up?14:49
<Nesi> feels this little momo may probably take ER above 849
imo
NQ 1 point from day high..if i am right
<Brutus>  Covered ER2 Short @ 848.4 --> 0 «« paper »»

:(14:50
<szubaark>  Exited all Long ES at 1572 --> + 4 «« paper »»
  
WRB Analysis
  
see a little pullback here.. dont want part in it.14:51
<Nesi> yeah..i saw it

847 my stop... my entry was 847.50, fwiw14:52

power up in the making..imo14:56

probably NQ will take day high..imo14:57

right now..it feels to me.. ER will aim for 853 855 area .. just guessing15:02
<ItalianSharp> impressive rally by eminis15:05
especially ES/NQ
<Nesi> out ER from 847.50 at 850.20
<ItalianSharp> ER2
YM looks like the redheaded stepchild beaten up
<Nesi> buy ER 85015:07

with stop 849.20

buy 1 more ER at 849.5015:13

holding 2

hard stop for both at 84915:14

if takes 850 this time.. i will probably be right for the ER to print above 853 ...imho15:15

out 1 from 849.75 at 850.9015:21
<Guest35179> short 850.915:22
<Nesi> i will hold last contract with stop 849.75.. all the way to 853 854 area... hard stop set, fwiw15:23

feels to me this momo here it will take the ER day high..imho..very soon15:24
<Guest35179> out 850.2 +.715:25
<Nesi> stop hit15:28

out last one even
<Guest35179> short 849.515:30
out 849.5 even15:34
<Brutus>  Long ER2 @ 849.6 «« paper »» 15:36
<werner> gn all15:47
<Brutus>  Exited 1/2 ER2 Long @ 850.1 --> + 0.5 «« paper »» 15:49

Exited ER2 Long @ 849.6 --> 0 «« paper »» 15:54

============ U.S. MARKETS ACTION ===========16:02

DJIA down 93.81 points to 14070.72

NASDAQ up 5.73 points to 2809.64

S&P 500 down 3.49 points to 1561.70

10-year T-note up 1/32 at 100 26/32 yield 4.644

NYMEX Spot Crude up $1.04 at $81.30/bbl at close

Dollar/Euro up 0.0041 at 1.4144

http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={43a77 422-d3f2-47ed-bd4f-a3141ef3b75f}
<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)16:46
* NihabaAshi is now known as NihabaAshi_away16:51
* DisconnectedSession Close: Wed Oct 10 17:00:12 200717:00
  
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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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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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