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#FuturesTrades October 25th Thursday 2007 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+15.90	+316.90	+2985.40
$1,590	$31,690	$298,540

Profitable Trade

1002am - 1006am est

Losing Trade

0931am - 0934am 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.

There is some subjectivity involved with some of my trades when I'm developing a new strategy (hence the name TheStrategyLab.com) that uses WRB Analysis.

In fact, most 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: Thu Oct 25 09:28:03 2007Session Ident: #futurestrades

* Now talking in #futurestrades 09:28

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

<PapaJon> gm all 09:30

<NihabaAshi> Shorts ER2 @ 815.70 -> large size 09:31

<ripsboy> gm all.

<NihabaAshi> :(

Entry problem on that trade...was too slow to get Short and should have had a much better entry price around 816.10 09:32

Covered all ER2 Short @ 817.10 --> - 1.4 09:34

Shorts ER2 @ 815.60 -> large size 09:36

Trying again

<ItalianSharp> hardcore selling right off the bat 09:37

<NihabaAshi> It's not selling enough 09:38

<ItalianSharp> yep...there is some nice support around this area

ER2 should test the 812 area though

* subq market profile charts for today 09:39

<ItalianSharp> by the way, we got very important news at 10am...everything housing-related is very important nowadays

* subq http://www.charthub.com/chart/author/DA0 D7987572D7FBE3C7226C93DD52A

<szubaark> Buys ES @ 1518 «« paper »»

<NihabaAshi> Covered 2/3 ER2 Short @ 812.90 --> + 2.7 09:40

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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 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)

<ItalianSharp> by the way, expect mkts to rally no matter what...if news is negative, the excuse to rally will be a potential fed rate cut next week...if the news is good, the economy is doing better...:)

<NihabaAshi> :0 09:41

<ItalianSharp> what triggered last nite's rally was a rumor about a potential discount rate cut by the fed before the FOMC next week

<szubaark> Exited 1/2 Long ES at 1519.25 --> + 1.25 «« paper »»

exit stop moved to breakeven ES @ 1518 «« paper »» 09:42

<Brutus> 1000/1400 Sep Conference Board Help-Wanted Index 09:46

23

1000/1400 Sep New Home Sales

Overall Sales 775K 795K

Percent Change -2.5% -8.3%

<pdays> Long ES @ 812.9 «« paper »»

<NihabaAshi> Covered ER2 Short @ 813.20 --> + 2.4 09:47

Reverse and Enter Long ER2 @ 813.20

<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) 09:48

<szubaark> Nive Niha.

Nive=Nice

<NihabaAshi> I'm not out of the woods yet...

Tough Long position

Currently ER2 is on its own because I have no support from other key markets :( 09:50

Exited all ER2 Long @ 813.50 --> + 0.3 09:51

punks waited for me to exit :)

<ItalianSharp> as frustrating as it may be niha, you did the right thing IMO...at some pt you have to reduce the risk of loss when things arent looking great 09:52

there are much better trades out there...:)

<NihabaAshi> True and with Oil and Gold not doing so hot... 09:53

Too tough of an uphill battle.

<szubaark> Volatility spike coming up, hopefully to Upside, Im Long 09:54

Exited all Long ES at 1518 --> 0 «« paper »» 09:55

:(

we have some News at 10 AM, lets see IF Volatility shows up. 09:56

<NihabaAshi> Long ER2 @ 809.20 -> small size 10:02

<Brutus> 10/25/2007 10:00 *DJ US Sep New Home Sales +4.8% To 770K; Consensus 775K 10:03

<NihabaAshi> Exited 2/3 ER2 Long @ 811.30 --> + 2.1 10:04

Exited Remainder ER2 Long @ 812.40 --> + 3.2 10:06

<pat255> vn

<NihabaAshi> Reached my profit goal for the day. 10:07

<pat255> wtg

<szubaark> Good Scalps Niha

<NihabaAshi> I'm now officially in profit protection mode to ensure I complete the trading day at a profit.

Thus, 1 - 2 contracts only for the remainder of the trading day.

<Tim_a> market really feels unsettled right now 10:09

<jperl> done for this morning...trades here... 10:16

http://charts.dacharts.com/2007-10-25/JP ERL_0119.jpg

<PapaJon> I will be out of town for the next 1-1/2 to 2 weeks. Hope you all do well. 10:18

<szubaark> Shorts ES @ 1527.25 «« paper »» 10:19

<PapaJon> see you all when i get back.

<szubaark> see u

<Tim_a> 100 pt ym spikes in 15 minutes

<szubaark> They can jack this at any time they want to 10:20

<bern> some resistance at overnight h for ES now

<pdays> Exited 1/3 ES Long @ 819.3 --> + 6.4 «« paper »» 10:24

<szubaark> nice pdays

<pdays> to bad only paper :] 10:25

<Tim_a> the up moves are becoming more violent than down moves 10:26

<szubaark> yes, you have to be in position BEFORE they happen. 10:32

Covered 1/2 Short ES at 1525 --> + 2.25 «« paper »» 10:33

exit stop moved to breakeven ES @ 1527.25 «« paper »»

<pdays> Exited Remainder ES Long @ 816.5 --> + 3.6 «« paper »» 10:35

ER 10:36

<szubaark> Expecting Volatility Spike soon, hopefully to downside, Im Short 10:48

One of those Dark Hammer Lines appeared on NQ 5min 10:53

Looking for a Volatility spike to exit my remainder now 11:11

Covered all Short ES at 1521.50 --> + 5.75 «« paper »» 11:19

<Brutus> }WTG szu 11:20

<szubaark> thx.

<Brutus> looks like u got the low on this pulback 11:22

<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) 11:51

* codehead_afk is now known as codehead 12:03

<pat255> c u all later ty 12:07

<NihabaAshi> Hmmmm...nobody traded during that big drop after 1136am est ??? 12:08

<pat255> missed it N ..

good movement in er today up/down

<Brutus> szu did

<NihabaAshi> Long ER2 @ 807.40 -> small size 12:16

volatility very low 12:17

No position reversal opportunity if I'm wrong on the trade.

Exited ER2 Long @ 808.10 --> + 0.7 12:25

Be back later...my head is not into trading right now. 12:26

* NihabaAshi is now known as NihabaAshi_away

<Guest35179> short 808.5 12:31

out 807.3 12:32

short 808.6 12:42

out 808.5 12:52

<ItalianSharp> any news guys? 13:24

<Pepe> DAX is crazy

<ItalianSharp> i am looking at european indices and they look like FOMC day

pepe, yes indeed

wow, dax over 140 ticks in 2mins 13:25

crazy

<Pepe> yes 13:26

<Guest35179> long 804.5 13:29

<ItalianSharp> eurostoxx50 with the same type of move

something must have happened EURO-wise...US eminis didnt drop as much+

<Guest35179> out 806.3 13:30

long 804.8 13:38

out 805.5 13:39

<ItalianSharp> i am trying hard to find out what caused that spike in DAX...no news i can relate it to so far 13:40

<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) 13:54

<Guest35179> short 809.2 14:25

<codehead> oil pushing up hard into the close 14:29

popping half a point quick

<Guest35179> out 808.6

<szubaark> code, u see all the nice ZRL's today?

<Guest35179> long 806.5 14:32

out 806 14:33

short 809.1 14:39

<mhk> out 808 14:42

* sep34 is now known as sep34_away

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<mhk> long 806.1 14:44

out 807.1 14:46

long 805.9 14:48

out 806.8 14:49

short 808.5 14:51

out 807.4 14:53

short 808.6 14:55

out 807.4 14:56

short 811 14:59

<szubaark> wow, no pullbacks IF you wrong on Shorts, they just jacking it up

<mhk> out 810

<szubaark> Pretty Violent counter thrust upwards so far 15:00

<mhk> short 810.1 15:03

out 809.1

<bern> this is too wild for me, see you on monday 15:06

have a nice weekend

* bern is now known as bern_away 15:07

<mhk> long 805.9 15:08

out 807.1 15:09

<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) 16:00

<werner> gn all

<Brutus> ============ U.S. MARKETS ACTION =========== 16:01

DJIA up 16.75 points to 13697.04

NASDAQ down 19.64 points to 2755.12

S&P 500 up 0.45 points to 1516.40

10-year T-note down 3/32 at 103 4/32 yield 4.353

NYMEX Spot Crude up $3.36 at $90.46/bbl at close

Dollar/Euro up 0.0056 at 1.4316

http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={ce379 424-4418-4504-bba4-c4a73a41bcb1}

Long ER2 @ 853 «« paper »» 16:27

Long ER2 @ 853 «« paper »»

test5ng

Long ER2 @ 853 «« paper »» 16:34

Long ER2 @ 856 «« paper »» 16:35

Long ER2 @ 852 «« paper »» 16:40

Exited 1/3 ER2 Long @ 853 --> + 1 «« paper »» 16:48

Long ER2 @ 853 «« Scalp »» 16:49

* NihabaAshi_away is now known as NihabaAshi 16:52

<NihabaAshi> Take care all and see all tomorrow. 16:55

Hopefully I'll be more eager to trade :)

* DisconnectedSession Close: Thu Oct 25 16:55:39 2007

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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

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Don't hesitate to ask your questions and we'll reply back as soon as possible.