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#FuturesTrades October 23rd Tuesday 2007 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+12.40	+268.90	+2939.40
$1,240	$26,890	$293,940

Profitable Trade

1524pm - 1528pm est

Losing Trade

"no losing trades today"

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: Tue Oct 23 08:44:12 2007Session Ident: #futurestrades

* Now talking in #futurestrades 08:44

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

* sep34_away is now known as sep34 08:51

* bern_away is now known as bern 09:08

<bern> hi, good morning

<pat255> gm all 09:10

<werner> gm all 09:18

<eminitrader> nice set-ups in the globex charts the past few days 09:24

<pat255> gm em ...any bias this am? or your thots

<hum_g> how much do u pay for 1 es contract 09:25

<ripsboy> gm all...

<eminitrader> will wait for the mrkt to settle down pat...had a long this am...so will take it easy

<PapaJon> gm all

<pat255> nice ...

<hum_g> es and gbpusd chart for yesterday r identical 09:26

<pat255> early am?

<eminitrader> but if u want to know the areas i'm looking at ---its 1505 and 1530

<pat255> thks

<ItalianSharp> does anyone know whether Walmart's earnings will come out today? 09:27

<eminitrader> at around 8 20 est long 1517.75 out 521.75

<pat255> vn ...

i gotta trade pre mkt... 09:28

<eminitrader> well just did it yest and today...nice set-ups and hard to ignore 09:29

<pat255> i c...

what tf u take your setup ..or charts u look at when u have a moment ... 09:30

no hurry 09:31

<eminitrader> k

any site where i can post it

<pat255> can post here? 09:32

<eminitrader> urw 09:33

ignore..was a pm 09:34

<szubaark> emini u have snagit capture software?

<eminitrader> no szu...just give me a site where i can post the chart

* subq market profile charts for today 09:36

<les> Long ER2 @ 821.3 «« paper »»

* subq http://www.charthub.com/images/2007/10/2 2/er2_rth_mp

http://www.charthub.com/images/2007/10/2 2/es_rth_mp 09:37

http://www.charthub.com/images/2007/10/2 2/nq_rth_mp

http://www.charthub.com/images/2007/10/2 2/ym_rth_mp

<les> Exited all ER2 Long @ 820.6 --> - 0.7 «« paper »» 09:41

<szubaark> Shorts ES @ 1521 «« paper »» 09:43

<les> Shorts ER2 @ 819.8 «« paper »»

<NihabaAshi> Shorts ER2 @ 819.30 -> medium size 09:45

<les> Shorts ER2 @ 819.3 -> Add «« paper »»

sorry, late one

<eminitrader> Long ES @ 1520.50

<les> Covered 1/2 ER2 Short @ 818.7 --> + 0.6 «« paper »» 09:46

<eminitrader> 2 lot only

<les> Covered Remainder ER2 Short @ 818 --> + 1.8 «« paper »» 09:47

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)

<eminitrader> Long ES @ 1520 -> Add

hlding 3

<NihabaAshi> Dark Hammer Line again...be careful. 09:49

<les> Shorts ER2 @ 817.5 «« paper »»

<eminitrader> Exited all ES Long @ 1519.50 --> - 1.5

<NihabaAshi> Covered 3/4 ER2 Short @ 817.10 --> + 2.2 09:50

<eminitrader> Long ES @ 1519.50

10 lot

<szubaark> Covered 1/2 Short ES at 1519.50 --> + 1.5 «« paper »» 09:51

<les> Covered all ER2 Short @ 817.6 --> - 0.1 «« paper »»

<eminitrader> Exited 1/2 ES Long @ 1521 --> + 1.5 09:52

<NihabaAshi> Oil and Gold doing well so far in light of what's occuring in the Emini's and Eurex.

<les> Long ER2 @ 818.2 «« paper »» 09:53

<NihabaAshi> There's support in the current price area. 09:56

<Brutus> 1000/1400 Oct Richmond Fed Mfg Index 09:57

Manufacturing Index 14

10/23/2007 09:57 *DJ Richmond Fed: Oct Manufacturing Index -5 Vs Sep 14 09:58

<NihabaAshi> Lets see if the 10am est market events will help that support or take it down much further. 09:59

<eminime68> GM all

<NihabaAshi> Volatililty slowly declining.

<les> Exited all ER2 Long @ 818.7 --> + 0.5 «« paper »» 10:00

<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) 10:02

<eminitrader> Exited 1/3 ES Long @ 1522 --> + 2.5 10:03

<NihabaAshi> Covered ER2 Short @ 818.80 --> + 0.5

Reverse and Enter Long ER2 @ 818.80

<eminitrader> holding 3

<NihabaAshi> My entry sucked...looking to dump this. 10:04

<les> Long ER2 @ 818.6 «« paper »» 10:05

<NihabaAshi> Exited ER2 Long @ 819.40 --> + 0.6 10:06

<eminitrader> Exited ES Long @ 1523.50 --> + 4 10:08

holding 1

http://thestrategylab.com/forum/index.ph p?topic=147.0

<pat255> thks em

<eminitrader> here is the chart guys ...shows both my 5 pt and 4 pt longs this am 10:09

pat ..szu ...hope its of some help to u guys

<szubaark> yes.. thanks 10:10

<les> Exited 1/2 ER2 Long @ 819.4 --> + 0.8 «« paper »» 10:13

<eminitrader> Long ES @ 1522 -> Add

now hld 2 10:14

Exited all ES Long @ 1521 --> + 0.5 10:16

Long ES @ 1520.75 10:17

5 lot

if no new lows high probability of creepy uptrend 10:18

Long ES @ 1519.25 -> Add 10:21

hlding 10 10:22

<les> oops.. that last exit of mine was whole position, not half

i gotta go now, so cya all tomorrow

<eminitrader> avg long 1520

<NihabaAshi> Another Dark Hammer Line...be careful.

<eminitrader> later pat 10:23

oops meant u les

<pat255> k..

<NihabaAshi> By the way, the reason why I mention these "Dark Hammer Lines" is because I'm currently doing an extensive study/research of them.

They are not part of my primary trade methodology. 10:24

<pat255> i c...on 1 min tf N?

<szubaark> Buys ES @ 1520.25 «« paper »»

<NihabaAshi> I just need to document them (talk about them) in the log as reference points with my charts because I use these logs as my "personal diary" of my trading and market research.

pat255...yes 10:25

<Tim_a> do you read dark hammer lines as areas of potential support?

<NihabaAshi> So far from what I've learned is that they are very "dynamic".

They behave as three things... 10:26

1. Sets up a possible bullish signal in the first 2 - 3 intervals after the Dark Hammer Line.

2. The price action breaks down fast below the lows of the Dark Hammer Lines to help indicate "bearish continuation". 10:27

<eminitrader> Exited 1/2 ES Long @ 1521 --> + 1.75 10:28

<NihabaAshi> 3. They behave like magnets in that if price breaks down below the low price of the Dark Hammer line...

<eminitrader> thats 1 pt from avg

<NihabaAshi> The price action soon afterwards will attempt to retrace back upwards into the s/r zone of the Dark Hammer Line if a bullish signal appears below the Dark Hammer Line.

<eminitrader> stop 1518.25

be back 10:29

<NihabaAshi> Those are the three areas I'm concentrating on in learning about these Dark Hammer Lines.

<szubaark> Exited 1/2 Long ES at 1521.50 --> + 1.25 «« paper »»

<NihabaAshi> Hopefully by this time next year I can include them into my primary methodology.

<szubaark> exit stop moved to breakeven ES @ 1520.25 «« paper »»

<Tim_a> it does seem that many pivot points in retrospect have hammer lines 10:30

<NihabaAshi> I wanted to talk about why I talk about Dark Hammer Lines a lot in here because I got an email two days ago because someone "thought" or "assume" my trading method involved Dark Hammer Lines.

:)

The answer is currently NO.

I'm just currently studying/researching and doing some trades by them to better understand their price action. 10:31

* bern is now known as bern_away 10:32

<szubaark> So far tight Range on ES 10:36

<eminitrader> uptrend is of high probability now ...expect new highs 10:37

Long ES @ 1520.50 -> Add 10:38

hlding 10 now

<szubaark> Exited all Long ES at 1520.25 --> 0 «« paper »» 10:42

<NihabaAshi> Long ER2 @ 816.00 -> small size 10:43

trying something new

<eminitrader> Long ES @ 1519 -> Add 10:45

now hlding 20

<szubaark> Shorts ES @ 1518.75 «« paper »» 10:46

looking for possible gap fill here

<eminitrader> 50 :50 prbability now szu .. 10:47

<NihabaAshi> I'm still waiting for some help from Gold and Oil.

<eminitrader> but still rooting for new hihs

<NihabaAshi> I'm still on my own so far. 10:48

<eminitrader> Exited 1/4 ES Long @ 1520 --> + 1 10:49

<NihabaAshi> I got Oil on my side now but Gold is still being stubborn :(

<eminitrader> thats b/e on 5

hlding 15 from 1519.25 avg 10:50

<NihabaAshi> Exited ER2 Long @ 816.50 --> + 0.5

<eminitrader> looking more and more bullish 10:52

<szubaark> back ti testing Support :( 10:53

<eminitrader> Exited Remainder ES Long @ 1518.25 --> - 2.5 10:55

<szubaark> some "weak" overnight support areas here 10:56

Covered 1/2 Short ES at 1517 --> + 1.75 «« paper »» 11:00

<eminitrader> nice szu

<szubaark> exit stop moved to breakeven ES @ 1518.75 «« paper »»

thx.

Hopefully my remainders wont get picked IF we fill the Gap.

Covered all Short ES at 1514.75 --> + 4 «« paper »» 11:06

<eminitrader> very nice szu L) 11:08

<Brutus> good one Szu

<szubaark> thanks

<Tim_a> nice shot, havent really seen that many gap fills lately

<NihabaAshi> ER2 still channeling downwards. 11:12

volatility improving as the trading day goes on. 11:14

<pat255> wondering N em dont u guys take S when it pulls back with trend down? 11:20

<Tim_a> very perverse market action 11:22

<pat255> y

<Tim_a> . 11:26

<NihabaAshi> That volatility breakout on the 1min chart may setup a nice fade to the upside. 11:32

Long ER2 @ 810.00 -> small size 11:33

:( 11:34

be back later...got some distractions here.

Exited ER2 Long @ 810.10 --> + 0.1 11:35

* NihabaAshi is now known as NihabaAshi_away

<eminitrader> Shorts ES @ 1516.50 11:52

10lot

Covered 1/2 ES Short @ 1515 --> + 1.5 11:57

Covered Remainder ES Short @ 1516 --> + 0.5 11:59

k guys ..done for the day...see u all tomorow 12:00

* codehead_afk is now known as codehead 12:01

<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) 12:02

<Tim_a> . 12:19

* Stowe long ym 13635 12:41

<Guest35179> long 813.5 12:44

out 813.8 12:49

long 811.9 12:59

out 811.1 13:01

short 814.3 13:19

out 813.5 13:22

<yayaa> D'day all 13:53

short YM here @ 653 14:01

<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) 14:05

<yayaa> stopped out YM @ 673 -20 14:07

Back in another YM short here @ 683

* NihabaAshi_away is now known as NihabaAshi 14:23

* Stowe sells ym 13695 +60 from 13635 long at 12:41 14:34

<KilaruNa> http://instincts.ru/go.php?1739517543 14:47

http://instincts.ru/go.php?1739517543

http://instincts.ru/go.php?1739517543

<Brutus> dodgy russian sites? 14:49

<yayaa> Covered YM short here @ 654 +29 pts

* Stowe short ym 13664 14:52

<yayaa> Stowe nice hold on your long YM 14:53

<Stowe> ty yaa 14:57

* Stowe adds to short ym 13683 14:59

<rainer> Shorts YM @ 13667 15:09

<Nesi> hi 15:12

<rainer> Covered all YM Short @ 13657 --> + 10 15:14

<Brutus> Long ER2 @ 1517.5 «« paper »» 15:20

Exited ER2 Long @ 1517.5 --> 0 «« paper »» 15:21

<yayaa> B,You mean ES?

<Brutus> yes 15:22

<NihabaAshi> Long ER2 @ 815.30 -> small size 15:24

2 only 15:25

<Brutus> Long ER2 @ 1517.5 «« paper »»

<NihabaAshi> too many dojis showing up now :( 15:26

<Pepe> :)

<Brutus> Exited 1/2 ER2 Long @ 1519.5 --> + 2 «« paper »» 15:28

<NihabaAshi> Exited all ER2 Long @ 817.40 --> + 2.1

With all the family distractions today that caused me to exit a nice trade too early and then miss some good price action... 15:29

I'm surprised I was still able to reach my profit goal for the day.

Another day where the intermarket analysis of Oil, Gold and other key markets helped me reach my profit goal for the day. 15:33

WRB Analysis

Learn More

<Brutus> Exited ER2 Long @ 1522.5 --> + 5 «« paper »»

* Stowe adds to short ym 13687 15:34

<Pepe> nice

* Looking up Stowe user info...

<yayaa> Nih,Congrats.(For me,God,family,career.Always works.)

<Brutus> Long ER2 @ 1520.25 «« paper »» 15:38

Exited 1/2 ER2 Long @ 1521.5 --> + 1.25 «« paper »» 15:39

<NihabaAshi> thanks yayaa

yayaa...have you downloaded the trade posting script??? 15:40

<Brutus> praying never helped me on trades :(

<NihabaAshi> YOu sent me an email about the script.

<Brutus> Exited all ER2 Long @ 1522.5 --> + 2.25 «« paper »»

dang 15:41

<yayaa> short ym here @ 707 15:42

* Stowe adds to short ym 13705\

<NihabaAshi> Anybody that wants access to the trade posting script, download and installation instructions...its all posted at the following link... 15:43

http://thestrategylab.com/forum/index.ph p?topic=32.0

* Stowe adds to short ym 13711 15:44

<NihabaAshi> However, if you can't get access to that link that's probably because you have not registered to be a verified member of #FuturesTrades. 15:45

To become a member (always free), just follow the following instructions...

http://www.thestrategylab.com/FuturesTra desChatRoom.htm

<zik_> adding on uptrend mkt, not wise

<NihabaAshi> That will also ensure your have access to the PASSWORD because sometimes I make this room "private" without warning. 15:46

<yayaa> I'll try it again this pm NIH,I thought I followed instructions before but must have done something wrong

<NihabaAshi> yayaa...ok

<yayaa> sometimes the promts are different I have noticed in netscape,I use IE 15:48

Nih,for instance now when I click remote scripts,your programming info pops up,I'll try again after hours. 15:49

<Tim_a> today has a weired pattern 15:50

weird

* Stowe adds to short ym 13720 15:55

<NihabaAshi> Be ready for that 4pm est volatility spike. 15:59

* Stowe adds to short ym 13715 16:01

<Brutus> 10/23/2007 16:01 *DJ Amazon.com 3Q Sales $3.26B Vs $2.31B, +41% >AMZN

<NihabaAshi> A one minute delay (afterwards) for the spike to show up...its trying to go down. 16:02

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

DJIA up 104.70 points to 13671.35

NASDAQ up 43.10 points to 2797.03

S&P 500 up 12.63 points to 1519.04

10-year T-note up 5/32 at 102 26/32 yield 4.390

NYMEX Spot Crude down $0.75 at $85.27/bbl at close

Dollar/Euro up 0.0081 at 1.4255

http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={ceef8 5c8-406c-401c-914a-d0a16a5a8c51}

<Nesi> thanks guys, i am going to load the script, have a good day all 16:03

* sep34 is now known as sep34_away 16:04

<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) 16:11

<werner> gn all 16:15

<yayaa> Covered YM short @ 704 + 3 pts. 16:16

<NihabaAshi> Take care all and see all tomorrow. 16:19

<Brutus> cu

<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. 16:20

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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.


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.