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#FuturesTrades December 10th Monday 2007 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+12.10	+82.40	+3569.50
$1,210	$8,240	$356,950

Profitable Trade

0957am - 1026am est

Losing Trade

1036am - 1042am 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, 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 Dec 10 09:34:08 2007Session Ident: #futurestrades

* Now talking in #futurestrades 09:34

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

<NihabaAshi> Shorts ER2 @ 786.60 -> small size 09:36

<eminitrader> Long ES @ 1508.50

<base> Shorts ER2 at 785.50 09:38

<szubaark> Exited all Long ES at 1507.50 --> - 3.25 «« paper »»

Buys ES @ 1508 «« paper »» 09:39

<NihabaAshi> a little support in this area via Friday's price action. 09:40

Hopefully Longs don't show up.

Covered all ER2 Short @ 785.90 --> + 0.7 09:41

They showed up :(

<eminitrader> Exited 1/3 ES Long @ 1510.50 --> + 2 09:47

<base> Reverse and enter long 787.50

<bern2> i will wait til report to asses where this market is going and see if we break trading range coming from Friday 09:49

* bern2 is now known as bern_brb

<bern_brb> oops i meant i will wait to assess... 09:50

<KnnK> Long ER2 @ 787.8 09:51

<szubaark> Exited all Long ES at 1510.75 --> + 2.75 «« paper »»

Trading Edge:
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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)

<pat255> vn entry EM ..good start 09:52

was thinking S ...hmm wait for p/b 09:53

<eminitrader> thx pat...

<szubaark> Shorts ES @ 1510.50 «« paper »» 09:54

exit stop set ES @ 1511.50 «« paper »» 09:55

<PapaJon> gm all 09:56

<szubaark> Covered all Short ES at 1511.50 --> - 1 «« paper »» 09:57

<KnnK> Exited 1/2 ER2 Long @ 788.8 --> + 1

<NihabaAshi> Long ER2 @ 788.70 -> small size

<eminitrader> Exited 1/3 ES Long @ 1512.50 --> + 4 09:58

<Brutus> good trde e 09:59

* bern_brb is now known as bern2

<Brutus> Pending Home Sales Index

<eminitrader> thx b ...expecting a tenner here ...very bullish mrkt

<base> Exited at 789.70; -2.0, +2.0, 0 in total 10:00

<NihabaAshi> Exited 2/3 ER2 Long @ 790.20 --> + 1.5

<Brutus> watch 1515, naz weak 10:02

<szubaark> nice emini 10:05

<eminitrader> thx szu

Exited 1/3 ES Long @ 1515.50 --> + 7 10:06

hld 1

<pat255> vvn

<KnnK> Exited 1/4 ER2 Long @ 792.0 --> + 4.2 10:11

<pat255> L side was the trade ..dang 10:14

i guess just buy buy .. 10:15

<KnnK> Long ER2 @ 791.7 -> Add

<Andy> Shorts ER2 @ 792 «« paper »» 10:26

<NihabaAshi> Exited Remainder ER2 Long @ 791.90 --> + 3.2

<silo2> good job niha

* silo2 is now known as silo

<eminitrader> Exited Remainder ES Long @ 1516.50 --> + 8 10:28

<pat255> wtg ... 10:29

<eminitrader> thx pat

<KKnn> Exited Remainder ER2 Long @ 791.7 --> + 5.3 10:30

<pat255> u got to be on the right side of the trade or reverse ..

<eminitrader> tough to reverse on strong days like these 10:31

Long ES @ 1517 -> Add 10:32

<pat255> y..

<eminitrader> thats not an add

new entry

<KKnn> Long ER2 @ 792.3 10:34

<eminitrader> Exited all ES Long @ 1517 --> + 8.5 10:36

no thas a b/e

<NihabaAshi> Shorts ER2 @ 791.60 -> small size

<eminitrader> Long ES @ 1517 10:38

<Andy> Covered all ER2 Short @ 792.4 --> - 0.4 «« paper »» 10:41

<NihabaAshi> Covered all ER2 Short @ 791.60 --> 0 10:42

ooops

<szubaark> Buys ES @ 1519 «« paper »» 10:43

<NihabaAshi> Covered all ER2 Short @ 792.60 --> - 1

Long ER2 @ 792.80 -> small size

<eminitrader> Exited 1/2 ES Long @ 1520 --> + 3

<NihabaAshi> Exited all ER2 Long @ 793.00 --> + 0.2 10:47

<eminitrader> Exited Remainder ES Long @ 1517.50 --> + 0.5 10:49

<KKnn> Exited 1/2 ER2 Long @ 793.3 --> + 1 10:53

<Trader22> survey for FOMC: 25 or 50? I think 50bps and we rally back towards 14,000 10:55

your survey thoughts for fomc?

<silo> .25 10:56

<Andy> Shorts ER2 @ 793.8 «« paper »» 10:57

<szubaark> ES stuck in Mud 10:59

<KKnn> Exited 1/4 ER2 Long @ 794.3 --> + 2

<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) 11:03

<Trader22> i never remember my letters, March futures are what letter? 11:05

<Andy> h

<szubaark> when is rollover?

<Trader22> thanks

this thur

<Andy> Covered all ER2 Short @ 794.4 --> - 0.6 «« paper »» 11:06

<szubaark> Exited all Long ES at 1518 --> - 1 «« paper »» 11:11

Shorts ES @ 1518 «« paper »»

<eminitrader> Long ES @ 1518.25 11:17

<Nesi> bank of america, some 12B portofolio is frozen..FWIW 11:20

<KKnn> Exited Remainder ER2 Long @ 793.0 --> + 0.7

<Brutus> 12/10/2007 11:22 *DJ Bank Of Amer Freezes Institutional Investor Money Mkt Fund-CNBC 11:22

<KKnn> Shorts ER2 @ 792.4 11:23

<jperl> spinning my wheels this morning....time for a stop..... 11:24

http://charts.dacharts.com/2007-12-10/JP ERL_0114.jpg

<eminitrader> Long ES @ 1516.50 -> Add 11:25

<szubaark> exit stop moved to breakeven ES @ 1518 «« paper »» 11:34

Covered all Short ES at 1518 --> 0 «« paper »» 11:39

Buys ES @ 1518 «« paper »»

<KiwiRoo> target 1520.75 if can break 1518.25 11:40

<Nesi> Shorts ER2 @ 792 «« paper »» 11:41

<KiwiRoo> sell stop to enter short ES @ 1516 11:42

<KKnn> Covered 1/2 ER2 Short @ 791.6 --> + 0.8 11:44

<eminitrader> Exited all ES Long @ 1516 --> - 2.75 11:45

<KKnn> Covered 1/4 ER2 Short @ 791.2 --> + 1.2 11:48

<pat255> later guys back to ofice ..ty all 11:50

<NihabaAshi> Very quiet trading day. 11:51

Long ER2 @ 79140 -> small size 11:53

<silo> AdvancingVolume - DeclincingVolume on NYSE just spiked 11:57

from 3 to 3.7 nw 11:58

now

in the past 6 minutes

<NihabaAshi> Exited all ER2 Long @ 79120 --> - 20 12:00

meant -0.2

Shorts ER2 @ 790.70 -> small size 12:05

Covered ER2 Short @ 791.30 --> - 0.6 12:10

Reverse and Enter Long ER2 @ 791.30

* codehead_afk is now known as codehead 12:11

<NihabaAshi> Exited ER2 Long @ 791.40 --> + 0.1 12:14

<silo> little volatility today eh? 12:17

<NihabaAshi> very low today

<silo> well tomorrow will be the inverse of today ! :) 12:18

i'm swing trading again

doing well so far

up 2.6k :D

holding TNH ABAX ONXX MA FSLR and COST so far

<KnnK> Exited Remainder ER2 Long @ 791.90 --> + 5.5 12:19

<NihabaAshi> Long ER2 @ 792.60 -> small size 12:26

<szubaark> code, nice Ghost on 5min ES 12:30

<KnnK> Long ER2 @ 793.4 12:38

<NihabaAshi> Exited 2/3 ER2 Long @ 793.90 --> + 1.3 12:42

<KnnK> Exited 1/2 ER2 Long @ 794.0 --> + 0.6 12:44

<eminitrader> Long ES @ 1517 13:04

<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) 13:06

<gabe> Shorts ER2 @ 793.60 «« paper »» 13:07

Covered all ER2 Short @ 794.00 --> - 0.4 «« paper »» 13:09

<KnnK> Exited 1/4 ER2 Long @ 794.9 --> + 1.5 13:19

<szubaark> emini, nice entry

<NihabaAshi> Exited Remainder ER2 Long @ 795.10 --> + 2.5

<eminitrader> Exited 1/2 ES Long @ 1520.50 --> + 3.5 13:20

<szubaark> :)

<rickf> hey all

<silo> hey rick 13:24

<startrader> Shorts ES @ 1520 «« paper »» 13:25

seems like they are going to run it to another strike this afternoon. Run might be an overstatement. 13:27

<KnnK> Exited Remainder ER2 Long @ 794.3 --> + 0.9 13:28

<startrader> exit stop set ES @ 1522 «« paper »» 13:29

<NihabaAshi> Shorts ER2 @ 793.50 -> small size

<eminitrader> Long ES @ 1518 -> Add 13:30

<startrader> exit stop lowered ES @ 1521 «« paper »» 13:31

<KnnK> sell limit to enter short ER2 @ 793.10 13:32

Short ER2 @ 793.10 13:34

<startrader> Covered 1/2 ES Short @ 1518.25 --> + 1.75 «« paper »» 13:36

exit stop moved to breakeven ES @ 1520 «« paper »» 13:39

<NihabaAshi> Covered all ER2 Short @ 793.30 --> + 0.2 13:40

<KnnK> Covered 1/2 ER2 Short @ 792.2 --> + 0.9 13:46

<NihabaAshi> Shorts ER2 @ 792.20 -> small size 13:50

<KnnK> Covered 1/4 ER2 Short @ 791.1 --> + 2 13:51

<eminitrader> Exited Remainder ES Long @ 1516.50 --> - 2

<NihabaAshi> Covered all ER2 Short @ 791.00 --> + 1.2

I'm in profit protection mode now after reaching my profit goal for the day. 13:53

Thus, 1 contract only for the remainder of the trading day.

<startrader> Covered 3/4 ES Short @ 1516 --> + 4 «« paper »» 13:54

<eminitrader> nice one s 13:58

<szubaark> Exited all Long ES at 1515 --> - 3 «« paper »»

<startrader> thnx, there's the strike, they gotta sell some options today, gotta move it a little to do that. 14:00

Covered Remainder ES Short @ 1515 --> + 5 «« paper »»

<Brutus> good trade ST 14:02

<startrader> Was a little dangerous, 1:15 15 min bar could have been painted to bring in the shorts, can't tell on these days. Was going for 5 handles though. good r/r. 14:05

<eminitrader> well change in trend is now confirmed...looking to sell myself now

<szubaark> they get the high by 1 tick then down :)) 14:06

<eminitrader> stops r our best friends :)) 14:07

<szubaark> yes, no kidding 14:08

<KnnK> exit stop moved to breakeven ER2 @ 793.0

<startrader> Traded right to the floor pivot and 50% of days move. 14:10

<eminitrader> Long ES @ 1514.25 14:13

2 tick stop

<Brutus> nice e thinking the same

<eminitrader> expecting a bounce here

<szubaark> hmm.. is this just a retrace of days move of has trend changed? 14:14

<eminitrader> high probability sell..lokoking @ 1516.50-1518

<szubaark> Shorts ES @ 1514 «« paper »» 14:15

<eminitrader> my read says trend is changed szu...so if it goes as per my read shld retrace to at least to the area i am exppecting 14:16

<Brutus> on sell interest, Im thinking this goes up till the close

on - no

<eminitrader> but again cld very well tank from here ...or cld be a continuation of the uptrend..

<szubaark> 1515+ was Support now it sold off there as it became Resistance

<eminitrader> so just going by higher probability which is a sell.. 14:17

<szubaark> Yes.

anyways, thats what im looking at for what its worth.

<eminitrader> again..stops r r best friends..actually the only freind we have in this biz :) 14:18

<NihabaAshi> volatility dropping fast

Shorts ER2 @ 788.30 -> small size 14:19

<Brutus> er at support 14:20

<NihabaAshi> Covered ER2 Short @ 788.80 --> - 0.5 14:21

<KnnK> Covered Remainder ER2 Short @ 789.1 --> + 4 14:22

<NihabaAshi> Long ER2 @ 789.20 -> small size 14:27

:(

<eminitrader> Exited 1/2 ES Long @ 1516.25 --> + 2 14:29

<NihabaAshi> Exited ER2 Long @ 789.40 --> + 0.2 14:30

lucky exit and entry was a trade error

On that note...will take a break from trading and will return later.

* NihabaAshi is now known as NihabaAshi_away 14:31

<startrader> Long ES @ 1516.25 «« paper »»

<eminitrader> Exited ES Long @ 1516.25 --> + 2

Reverse and Enter Short ES @ 1516.25

will add till 1518 14:32

<szubaark> exit stop set ES @ 1517 «« paper »»

<Brutus> nq looks strong

<eminitrader> if it gets there

but right @ res ...till 2140

<szubaark> Covered all Short ES at 1517 --> - 3 «« paper »» 14:33

:((

<eminitrader> u were in a bit early szu

<Brutus> yep, just refering to the 1k contracts

<szubaark> these bounces always get me

<startrader> Exited all ES Long @ 1516.50 --> + 0.25 «« paper »» 14:34

<szubaark> Shorts ES @ 1516.25 «« paper »»

<eminitrader> but it helps in trading both ways szu...trend and counter 14:35

so far flow is as expected..

shld see some noise here es ym and nq ..all at res areas 14:36

res upto ym = 13753 nq =2140 es = 1518 14:37

<Brutus> emt r u still looking for es + 1600? 14:38

<eminitrader> yes B 14:39

<Brutus> sorry mean es +16000

longer tem outlook

<eminitrader> actual SP 1600...so cld relate to 1600-1620 or somewere around there for the ES 14:40

<KnnK> Long ER2 @ 790.1 14:44

<eminitrader> Shorts ES @ 1517.75 -> Add 14:47

exit stop set ES @ 1418.75

oops thats 1518.75

<twmoody> Long YM 13745

<KnnK> Exited all ER2 Long @ 789.2 --> - 0.9 14:53

<eminitrader> Covered 1/2 ES Short @ 1515.75 --> + 2

thats the first lot and 2 from the second 14:54

hld 3 now

<startrader> Shorts ES @ 1515.50 «« paper »» 14:55

<twmoody> -20 stop TM

<eminitrader> Covered ES Short @ 1514.25 --> + 2

WRB Analysis

Learn More

<Brutus> once again good read e

<eminitrader> hld 1

thx B

<mhk> Long ER2 @ 787.2 14:56

<szubaark> yes, emini its doing Exackly what u said might happen.

<eminitrader> :))

price action is pretty accurate in helping us determine the direction of the mrkt flow.. 14:57

<startrader> Covered 1/2 ES Short @ 1514 --> + 1.5 «« paper »» 14:58

<eminitrader> once we are able to do that the next step is id a nice low risk entry to go into the trend before it actually happens...gives us a head start over momemtum traders :))

<mhk> Exited all ER2 Long @ 788.4 --> + 1.2 14:59

<eminitrader> exit stop lowered ES @ 1517.75

yoobserve the pull backs - ym 13749 - res was 13753 nq 2139.50 res i said was 2140 es pullback from 1518- top of the res 15:01

goes to show how powerful price action is compared to all the indicators 15:02

<startrader> Shorts ES @ 1515.25 -> Add «« paper »» 15:04

<szubaark> Covered all Short ES at 1517 --> - 0.75 «« paper »» 15:07

Buys ES @ 1517 «« paper »»

<startrader> Covered all ES Short @ 1516.25 --> - 1.75 «« paper »»

<twmoody> TM long YM 13730 out 1 + 5 +10 15:08

<eminitrader> Covered Remainder ES Short @ 1517.75 --> - 1.5 15:09

thats b/e on 1

with that i'm done for the day...good trading all

<werner> gn em 15:10

<eminitrader> fyi - ym es and nq have still not broken res

later w

<Brutus> cu emt and thx 15:11

<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) 15:12

<szubaark> Exited all Long ES at 1516.75 --> - 0.25 «« paper »» 15:27

Shorts ES @ 1516.75 «« paper »»

<Brutus> fakeout b4 buy 15:30

<rainer> Long YM @ 13726 15:33

<szubaark> Covered all Short ES at 1516.75 --> 0 «« paper »» 15:36

<rainer> Exited all YM Long @ 13733 --> + 7 15:37

<werner> gn all 15:57

<NihabaAshi_away> Long ER2 @ 792.10 -> small size 15:58

* NihabaAshi_away is now known as NihabaAshi 15:59

<silo> hehe ... you got 1 more minute niha

30 seconds

<szubaark> hehe 16:00

<NihabaAshi> Exited ER2 Long @ 793.00 --> + 0.9

<silo> nice

good day for me today

<NihabaAshi> Usually I would stay in that trade until a few minutes before closing time (4:15pm est). 16:01

I have a pinch nerve in my neck and its been difficult trading all day today.

:(

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

DJIA up 94.14 points to 13719.23

NASDAQ up 10.51 points to 2716.67

S&P 500 up 9.84 points to 1514.52

10-year T-note down 78/32 at 100 27/32 yield 4.142

NYMEX Spot Crude down $0.42 at $87.86/bbl at close

Dollar/Euro up 0.0049 at 1.4711

http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={f08c0 42e-05b2-4b6d-a297-297e66f2b9f0}

<NihabaAshi> Take care all and see all tomorrwo 16:22

* NihabaAshi is now known as NihabaAshi_away 16:23

<szubaark> silo u around? 19:37

<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) 21:21

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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.