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#FuturesTrades November 19th Monday 2007 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+0.00	+240.40	+3318.30
$0	$24,040	$331,830

No Trades Today

"Kids were sick."

No 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.

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, 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 Nov 19 09:31:12 2007Session Ident: #futurestrades

* Now talking in #futurestrades 09:31

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

<werner> gm niha,all

<pat255> gm all

<wizardofrijnsaterwou> gm 09:32

<werner> gm wiz 09:33

<szubaark> Shorts ES @ 1452 «« paper »» 09:36

Covered 1/2 Short ES at 1450.75 --> + 1.25 «« paper »»

exit stop moved to breakeven ES @ 1452 «« paper »»

Covered all Short ES at 1452 --> 0 «« paper »» 09:38

Buys ES @ 1451.75 «« paper »»

exit stop set ES @ 1450 «« paper »» 09:39

* Bern_away is now known as bern2 09:41

<bern2> hi, good morning

<werner> hi bern 09:42

<szubaark> Exited all Long ES at 1450 --> - 1.75 «« paper »»

<ItalianSharp> anyone having slowdown issues with TS?

<werner> no IS

<ItalianSharp> thanks....my charts are delayed by over 1min i think 09:43

either my computer clock is ahead, or TS is behind

<werner> :)

<szubaark> Buys ES @ 1451.75 «« paper »» 09:44

<Ronin> Long ES @ 1452 «« Scalp »» 09:46

<PapaJon> gm all 09:48

I have finally finished working out of town

... so will be in here once again in the mornings 09:49

<szubaark> Exited 1/2 Long ES at 1454 --> + 2.25 «« paper »» 09:55

exit stop moved to breakeven ES @ 1451.75 «« paper »»

Trading Edge:
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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)

<werner> delay here also now IS 09:56

<szubaark> Exited all Long ES at 1451.75 --> 0 «« paper »» 09:58

<Ronin> Long 1452 10:04

<bern2> this looks like chopzone... 10:05

<pdays> Long ER2 @ 759.8 10:07

Exited all ER2 Long @ 760.1 --> + 0.3

<szubaark> Buys ES @ 1448.50 «« paper »» 10:15

exit stop set ES @ 1447 «« paper »» 10:17

<Ronin> Pre Low Tested 10:18

Prev

<szubaark> also,last weeks Support here 10:19

Exited 1/2 Long ES at 1450 --> + 1.5 «« paper »»

exit stop moved to breakeven ES @ 1448.50 «« paper »»

Exited all Long ES at 1448.50 --> 0 «« paper »» 10:25

<Ronin> 1452 will be tested 10:28

<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) 10:36

* bern2 is now known as bern_away 10:40

* Stowe covers some ym 13061 +68,+63,+60,+57,+54,+55,+56,+57,+58 from Friday's 13116 to 13129 shorts 10:42

covers remaining ym 13065 +57,+74,+70,+85,+97,+107,+112 from Friday's 13122 to 13207 shorts 10:44

<Ronin> ssts mode?

sets

<Trader222> nice hold stowe

* Stowe long ym 13060 10:45

<Brutus> Very nice Stowe

<Stowe> ty 222 and brut

<ripsboy> You da man Stowe...

<Brutus> Y looking long as well

* Stowe adds to long ym 13062

adds to long ym 13064

<szubaark> Buys ES @ 1444.75 «« paper »» 10:46

* Stowe adds to long ym 13066 to 13161

adds to long ym 13066 to 13170 10:48

<szubaark> Exited all Long ES at 1443.50 --> - 1.25 «« paper »» 10:51

Shorts ES @ 1443.50 «« paper »» 10:52

* Stowe COORECTION-(Forgot my 202 and 207 shorts) covers remaining ym 13065 +57,+74,+70,+85,+97,+107,+112, +137, +142 from Friday's 13122 to 13207 shorts 10:53

adds to long ym 13050 10:54

adds to long ym 13052 10:55

<Brutus> 111207 low in striking distance 10:56

* Stowe adds to long ym 13054 10:57

<pat255> hi stowe ... 10:58

* Stowe adds to long ym 13045

<Stowe> gm pat

<pat255> gm .. 10:59

<Brutus> dax and 10 y new lows, vix is holding a range 11:01

<Ronin> no ans to my question?

<Brutus> just a log of who posted 11:02

means nothing

<Stowe> ten year at 4.13% now 11:03

<szubaark> I want 1440 on 1st 11:05

Limit to Exit Long ES @ 1440 «« paper »» 11:07

Limit to Cover Short ES @ 1440 «« paper »»

slow, controlled Selling 11:08

* Stowe adds to long ym 13046

adds to long ym 13038 11:10

<szubaark> Covered 1/2 Short ES at 1440.75 --> + 2.75 «« paper »» 11:11

exit stop lowered ES @ 1443.50 «« paper »»

* Stowe adds to long ym 13027 11:13

<szubaark> Covered all Short ES at 1438.25 --> + 5.25 «« paper »» 11:14

<Ronin> 1437.25 Last Tuesday Low

<startrader> Long ES @ 1538.50 «« paper »» 11:16

<Stowe> CNBS: Iranian Prez: "The US dollar is a worthless piece of paper"---Finally we agree on something 11:17

<szubaark> Euro is the new King 11:18

<startrader> Exited all ES Long @ 1540.75 --> + 69 «« paper »» 11:19

1440!

<szubaark> Buys ES @ 1440.25 «« paper »» 11:28

Exited all Long ES at 1440.25 --> 0 «« paper »» 11:35

Buys ES @ 1441.75 «« paper »» 11:36

<Brutus> http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={fa373 654-52d4-4200-b42c-ef771292ff58} 11:54

<szubaark> Exited all Long ES at 1441.75 --> 0 «« paper »» 11:55

<pat255> what a boring day...

<Ronin> lol 11:56

buy limit to enter long ES @ 1441 «« Scalp »» 12:06

* codehead_afk is now known as codehead

<Ronin> lol

cancelled all open limit orders «« Scalp »» 12:08

<startrader> Shorts ES @ 1444 «« paper »» 12:12

<Ronin> buy limit to enter long ES @ 1442 «« Scalp »» 12:14

<startrader> Covered 1/2 ES Short @ 1442.25 --> + 1.75 «« paper »» 12:15

<Ronin> cancelled all open limit orders «« Scalp »» 12:17

buy limit to enter long ES @ 1442 «« Scalp »» 12:31

<intowin_away> just got back.. this mornings swing was stopped out.. 12:33

[07:15] <intowin_away> Long ES @ 1454

[07:15] <intowin_away> will be out till about 2pm swing play

Exited all ES Long @ 1445 --> - 9

<Ronin> Long ES @ 1442 «« Scalp »»

<startrader> Covered Remainder ES Short @ 1442.50 --> + 1.5 «« paper »» 12:36

<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) 12:42

<szubaark> Shorts ES @ 1441.75 «« paper »» 12:50

<Brutus> 1300/1800 Nov NAHB Housing Market Index 12:52

Housing Market Index 18

<szubaark> Covered 1/2 Short ES at 1440 --> + 1.75 «« paper »» 12:55

exit stop moved to breakeven ES @ 1441.75 «« paper »»

* Stowe adds to long ym 13013 12:56

<Brutus> 1300/1800 Nov NAHB Housing Market Index

Housing Market Index 18

oops

* Stowe adds to long ym 13020

<szubaark> Covered all Short ES at 1441.75 --> 0 «« paper »» 13:03

Buys ES @ 1440 «« paper »»

* Stowe adds to long ym 13014 13:04

<Guest35179> Shorts ER2 @ 750.4

<szubaark> Exited all Long ES at 1338 --> - 102 «« paper »»

Exited all Long ES at 1438 --> - 2 «« paper »» 13:05

Shorts ES @ 1437 «« paper »»

<Guest35179> Covered all ER2 Short @ 749.7 --> + 0.7 13:06

<szubaark> Covered all Short ES at 1438 --> - 1 «« paper »»

Buys ES @ 1438 «« paper »»

* Stowe adds to long ym 13005 13:07

<Guest35179> Shorts ER2 @ 750.3

Covered all ER2 Short @ 750.2 --> + 0.1 13:09

<szubaark> Exited all Long ES at 1435.75 --> - 2.25 «« paper »» 13:12

Shorts ES @ 1435.75 «« paper »»

<Guest35179> Shorts ER2 @ 748.9

<szubaark> Longs not working today :)) 13:14

<Guest35179> Covered all ER2 Short @ 748.1 --> + 0.8 13:18

* Stowe adds to long ym 12986

<Trader222> I have enxt next support at dow 12,850 13:19

anyone else see anything different?

<Guest35179> shorts are pouncing at every retrace oppty 13:20

<pat255> its not Christmas yet..

<Andy> Long ER2 @ 748.4 «« paper »» 13:23

Exited 1/2 ER2 Long @ 749.6 --> + 1.2 «« paper »» 13:25

exit stop moved to breakeven ER2 @ 748.4 «« paper »» 13:26

Exited 1/4 ER2 Long @ 751.8 --> + 3.4 «« paper »»

<Stowe> ym 13070 seems like a reasonable target 13:29

<Guest35179> Shorts ER2 @ 751.9 13:32

Covered all ER2 Short @ 751.2 --> + 0.7 13:34

<Andy> exit stop set ER2 @ 749.8 «« paper »» 13:45

<Brutus> 11/19/2007 13:01 *DJ US 3-MONTH BILLS: 3.390%; 97.72% At High 13:46

11/19/2007 13:01 *DJ US 3-MONTH BILLS: Bid-To-Cover 3.10 13:47

bonds been rallying since then

<pat255> folks moving to bonds... 13:49

<Stowe> 10-year 4.07% 13:53

this might be it

the collapse of civilization

<Andy> Exited Remainder ER2 Long @ 749.8 --> + 1.4 «« paper »» 13:54

<Stowe> we might need to look for tree houses

<Brutus> How much room you got in yours?

<Stowe> when the end comes, that's what i'm gonna do

<szubaark> lol Brutus 13:55

<Stowe> convert everything into gold and jump into a tree

<pat255> lol

<Stowe> and live with the lemurs

<pat255> y ...:) 13:56

<Brutus> cardboard box is better best to stay mobile, head for the hills

<Stowe> yeah, it might be hard to balance bricks of gold on tree branches

bricks and bricks and bricks of gold 13:57

piles and piles

<szubaark> ES new intraday lows 13:58

<Stowe> http://video.google.com/videoplay?docid= -3130675943419525505&q=%22the+treasure+o f+the+sierra+madre%22&total=8&start=0&nu m=10&so=0&type=search&plindex=0 13:59

<szubaark> Gold! Gold! 14:00

<Brutus> dont worry , we'll get the 'bond bounce'

<Stowe> love this movie: http://video.google.com/videoplay?docid= -3130675943419525505&q=%22the+treasure+o f+the+sierra+madre%22&total=8&start=0&nu m=10&so=0&type=search&plindex=0 14:11

<szubaark> Covered all Short ES at 1439.75 --> - 4 «« paper »» 14:12

Buys ES @ 1439.75 «« paper »»

<Ronin> Still Long 1442 and 1452 14:22

<Stowe> maybe the collapse of western civilization won't happen today 14:28

<pirate> YM resistance at 13060. 14:31

<Andy> too bad, I was counting up the bills I didn't have to pay... 14:32

<Stowe> yeah---well...we can only hope these good times won't last too long 14:33

maybe i can raise my target to 13102 14:40

<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) 14:45

<szubaark> Exited 1/2 Long ES at 1445 --> + 5.25 «« paper »» 14:47

<Ronin> ark how many trades so far? 14:51

<szubaark> 14.. nice swings, why no 14:52

<Ronin> good entry in the last one

<szubaark> caught the double bottom bounce 14:53

<Ronin> 1438 Up bar was the key to go long, IMHO 14:54

<szubaark> we still got Open Gap 14:55

<Ronin> 2:05pm est 5min chart Bullish Bar

<szubaark> Ronin how long uve been trading? 14:56

<Ronin> since 1995

you? 14:57

<szubaark> on and off 5 years, seriously last 2 years

so 12 years you probobly know what you doing :) 14:58

<Ronin> started trading corn, lol, then Coffee and Copper then T-Bonds

<Andy> continue Ronin, we're interested 14:59

<szubaark> Exited all Long ES at 1441.50 --> + 1.75 «« paper »»

had to exit due to distractions.............

..at home

<Ronin> trying to improve entries without Indicators but using Volume Spikes and VSA

WRB Analysis

Learn More

<Andy> the traditional indicators don't seem to have much value... 15:01

<Ronin> Always have at least one Indicator but don't uese it for entries only for Trend Continuation 15:03

<Fleneer> indicators stink. Just IMO of course.

<Ronin> use

<Andy> ha 15:04

<Ronin> should hold 1438 15:05

1434.84 on the SP500 15:06

<Fleneer> The Elephants moved the DOW back over 13K but couldn't hold it. 15:14

headed for a -200 close it seeems.

<Ronin> NQ is still MEGA BEARISH 15:16

Gap in the SP 15:24

1 min chart

<Stowe> CNBC: FossilTalk: "If you're looking for a Santa claus rally, Santa's picture is on a milk carton" 15:31

<Boybrutus> stowe did you exit some at 1360+ ? 15:32

<Stowe> no...my target is 13102

looks like an overnighter

that's what she said

<Ronin> Flag then Up? maybe but NQ has to improve...

<Stowe> ba da boom

<Boybrutus> sounds good cul8r 15:33

<Stowe> CNBC: FossilTalk: "The bloom is off the rose"

cya brut

* Stowe adds to long ym 12966 15:46

<codehead> HPQ getting a little pop... 16:02

earnings out 16:03

buyback, dividend

<werner> gn all 16:05

<pirate> time to call it a day...evening all 16:09

<Andy> gn

* sep34 is now known as sep34-away 16:21

<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) 16:51

* DisconnectedSession Close: Mon Nov 19 17:04:26 2007 17:04

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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.