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#FuturesTrades November 23rd Friday 2007 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+6.20	+308.80	+3386.70
$620	$30,880	$338,670

Profitable Trade

1220pm - 1227pm est

Losing Trade

"No losers 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: Fri Nov 23 09:33:41 2007Session Ident: #futurestrades

* Now talking in #futurestrades 09:33

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

<NihabaAshi> Long ER2 @ 747.20 -> small size 09:35

intuition trade

<sav> hi all 09:36

<pat255> hi all 09:37

<werner> hi 09:40

<NihabaAshi> Exited all ER2 Long @ 747.60 --> + 0.4 09:45

<pat255> dang moves are fast & furious .. 09:48

<nikopa> my target is 2006 on NQ 09:51

<NihabaAshi> Shorts ER2 @ 745.50 -> small size

<nikopa> Any news came up ? 09:53

<ItalianSharp> no news today 09:54

<NihabaAshi> Covered all ER2 Short @ 745.40 --> + 0.1 09:55

<nikopa> me too covered short on N 09:56

NQ +10

<Andy> Long ER2 @ 745.5 «« paper »»

exit stop set ER2 @ 744.5 «« paper »» 09:57

Exited 1/2 ER2 Long @ 746.5 --> + 1 «« paper »» 09:58

exit stop moved to breakeven ER2 @ 745.5 «« paper »» 09:59

<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) 10:00

<Andy> Exited 1/4 ER2 Long @ 746.6 --> + 1.1 «« paper »» 10:02

<pdays> Shorts ER2 @ 747.7 10:03

<Andy> exit stop set ER2 @ 746.3 «« paper »» 10:06

When I see volatile price action like that on the last one minute bar, I wonder how many programs are being triggered or what...? 10:08

exit stop raised ER2 @ 747.3 «« paper »» 10:10

<NihabaAshi> Long ER2 @ 750.00 -> small size 10:17

<ItalianSharp> man, this thing is too slow...it feels like trading the bund...i am falling asleep, need a coffee 10:18

not worth trading this

<Andy> exit stop raised ER2 @ 748.5 «« paper »» 10:19

<nikopa> anyone has a blog here posting the performance ? 10:20

<pat255> dont know about the performance but Nihas has a blog of his trdes & other info 10:25

<szubaark> nikopa mostpost here to record their trades for their own performance 10:26

<Andy> Exited Remainder ER2 Long @ 749.8 --> + 4.3 «« 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)

<nikopa> sold YM 12920

<szubaark> Nice Andy

<Andy> thanks szu 10:27

<pat255> L ym 12..

out for pennies going no where 10:29

<nikopa> yes i know about Nihas's , anyone else any real performance blog ? 10:32

<Bambam-77> pos trgt 752 er

<NihabaAshi> Exited all ER2 Long @ 750.10 --> + 0.1 10:33

Be back later...maybe I'll be more eager to trade :)

If not...I'm calling it quits.

<szubaark> :)

<pat255> k later N

* NihabaAshi is now known as NihabaAshi_away

<nikopa> out YM short +5 10:34

<Bambam-77> trail now 47.9 and ss trigger for me

one more push come on

1430.75 es stp and trigger 10:36

<szubaark> Buys ES @ 1433.50 «« paper »» 10:38

<Bambam-77> missed by a tic that figures

we had a buyer stp up to the plat at 51.60 for 224 whats he thinking hmmm 49 needs to hold if longs to work 10:44

er

7/8 mm rtrc lvl 10:45

i want 52.3 new trgt if it has any mojo left protect longs 10:52

<szubaark> Exited 1/2 Long ES at 1434.50 --> + 1 «« paper »» 10:57

exit stop moved to breakeven ES @ 1433.50 «« paper »»

ES new intraday highs, NQ sitting still 10:58

<Bambam-77> if es expodes up look for 1438

er rev trgt now 53.50 11:00

<szubaark> around 1438 would be my Target on remainders

<Bambam-77> bingo

56.5 might be on dec as well buyers still buying hod 11:01

protect $$$$$$$

here come 38 11:02

do not rule out 1441.50 big block buys at 1436.5 1k 11:03

<Ronin> . 11:19

<szubaark> Exited all Long ES at 1433.50 --> 0 «« paper »» 11:24

Shorts ES @ 1437 «« paper »» 11:34

Covered all Short ES at 1437 --> 0 «« paper »» 11:37

Buys ES @ 1437 «« paper »»

Exited 1/2 Long ES at 1438.50 --> + 1.5 «« paper »» 11:40

exit stop moved to breakeven ES @ 1437 «« paper »»

bambam took a lot of work to get 1438 :(

<Bambam-77> 41.50 next not much time left 11:54

half day today right

<szubaark> when we close? 11:55

<Brutus> 13-15 est 11:56

<bern> have a nice weekend all. bye 12:00

* bern is now known as bern_away 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) 12:03

<Bambam-77> 17 min to 12:30 lets see if we can get the 1441.50 trgt 12:11

756.50 er

<szubaark> ER pops, ES, NQ will follow 12:12

<Bambam-77> trgt or bust 12:13

752.30 stp

<szubaark> Exited all Long ES at 1441 --> + 4 «« paper »» 12:19

<NihabaAshi_away> Long ER2 @ 754.90 -> small size 12:20

<Bambam-77> wtg

* NihabaAshi_away is now known as NihabaAshi

<szubaark> getting too late in the day and we close early today

<NihabaAshi> Just got back...looks like I missed some low volatility price action. 12:21

<szubaark> Expected Creeper Trend day.

<NihabaAshi> Exited 2/3 ER2 Long @ 756.00 --> + 1.1 12:23

<szubaark> Nice Niha.

<ItalianSharp> we are closing at 1pm right? 12:24

<NihabaAshi> Exited Remainder ER2 Long @ 756.70 --> + 1.8 12:27

<pat255> amazing they are running it up.. 12:28

<Nesi> Shorts ER2 @ 756.60 «« paper »» 12:29

<szubaark> yup, they waited til last minute 12:31

<NihabaAshi> Long ER2 @ 758.20 -> small size 12:32

Exited all ER2 Long @ 758.30 --> + 0.1 12:33

I'm done for the day...late entry via about 8 ticks "chasing". 12:34

Not good discipline especially during a creeper uptrend. 12:35

WRB Analysis

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<Bambam-77> going flat for weekend on last lot before 1pm est 12:45

766 is not out of the question 12:46

up +20 on swing so far 12:47

i have been long overnight since Wednesday close 12:48

have good weekend all hope everyone had a happy thanksgiving 12:49

i am done for the week be well 12:50

<codehead> nice 12:51

this is first ER bar (5 min) that has dipped below previous bar's low since top of the hour

<Bambam-77> las 6 min pos profit taking 12:52

<Guest35179> does the market close earlier today? 12:57

<Nesi> Covered all ER2 Short @ 757 --> - 0.4 «« paper »»

in few minutes

<Guest35179> thx 12:58

* sep34 is now known as sep34_away 13:05

<codehead> man, told friend when the ER trend broke at around 760, could go to 755--yikes 13:12

did and more, rinse the whole walk up

<werner> good wk all 13:17

<NihabaAshi> Take care all and have a good/safe weekend 13:18

<werner> :)

* DisconnectedSession Close: Fri Nov 23 13:25:51 2007 13:25

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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

Last of all, if you have any questions about any of the above commentary, specific trades et cetera...

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