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#FuturesTrades December 24th Monday 2007 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+0.70	+223.70	+3710.80
$70	$22,370	$371,080

Profitable Trade

1149am - 1157am est

Losing Trade

1309pm - 1311pm 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 24 09:35:55 2007Session Ident: #futurestrades

* Now talking in #futurestrades 09:35

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

<szubaark> Buys ES @ 1501.75 «« paper »» 09:40

exit stop moved to breakeven ES @ 1501.75 «« paper »» 09:41

Exited all Long ES at 1502.50 --> + 0.75 «« paper »» 09:42

its really thin out there :( 09:43

might call it a day early

<KiwiRoo> all selling so far at the high...

but the supply just kept on coming.. hmm. 09:44

<base> Long ER2 at 796.20 09:46

<pdays> Shorts ER2 @ 797.2 «« paper »» 09:48

<base> Closing at 796.70 +0.5, too choppy. 09:50

<pdays> Covered all ER2 Short @ 796.2 --> + 1 «« paper »» 09:51

<szubaark> Buys ES @ 1505.75 «« paper »» 10:02

<ripsboy> gm folks... 10:03

<Nesi> hi all

<silo> morning 10:04

<szubaark> Exited all Long ES at 1506.50 --> + 0.75 «« paper »» 10:05

taking quick scalps since its so thin 10:06

<KiwiRoo> good scalping.... szu. 10:07

<NihabaAshi> Long ER2 @ 796.30 -> small size 10:10

<silo> hey niha... er2 will most likely degrade from now to september due to their move to ICE.... so it might start to get less and less like the er2 it used to be.... are you planning to move to another futures instrument when this happen? 10:11

<NihabaAshi> I'll decide on the day it actually moves

Meant...when the big boys move...I'll move 10:12

<KiwiRoo> come and do ES. :P 10:14

<Andy22> Shorts ER2 @ 795.9 «« paper »» 10:16

Covered all ER2 Short @ 796.2 --> - 0.3 «« paper »» 10:23

Shorts ER2 @ 796.1 «« paper »» 10:29

looking at breadth, this is a "King Canute short" 10:31

<szubaark> Shorts ES @ 1504.24 «« paper »» 10:32

<Andy22> Covered all ER2 Short @ 795.9 --> + 0.2 «« paper »» 10:37

<NihabaAshi> Exited ER2 Long @ 795.50 --> - 0.8 10:40

Reverse and Enter Short ER2 @ 795.50

<silo> Niha what pattern did you go with the last trade 10:44

<szubaark> Hopefully i can get spike to downside, Im Short 10:53

exit stop moved to breakeven ES @ 1504.25 «« paper »»

<NihabaAshi> Covered ER2 Short @ 795.40 --> + 0.1 10:57

<szubaark> Covered all Short ES at 1504.25 --> - 0.01 «« paper »» 10:59

<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) 11:17

<Andy22> Shorts ER2 @ 797 «« paper »» 11:18

<drs> having trouble making sense of this, I'm off for the day, merry xmas all 11:19

<szubaark> Shorts ES @ 1505 «« paper »» 11:21

<NihabaAshi> Shorts ER2 @ 797.00 -> small size 11:30

<szubaark> Its tough to analyze Volatility in this 11:31

<Andy22> wholly molly, NAS breadth is > +3000 11:32

I know trading is not supposed to be entertainment, but it is still hard to watch grass grow 11:34

<pat255> should have not traded today ... 11:35

lose 1 pt on er for nothing

<Andy22> Covered all ER2 Short @ 797 --> 0 «« paper »» 11:38

going for a jog, happy holidays all

<NihabaAshi> Covered all ER2 Short @ 796.90 --> + 0.1 11:44

<szubaark> Covered all Short ES at 1505.25 --> - 0.25 «« paper »» 11:45

<NihabaAshi> Shorts ER2 @ 796.70 -> small size 11:49

Covered all ER2 Short @ 796.40 --> + 0.3 11:57

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)

<pat255> vn N in this mkt u make some ...

<NihabaAshi> There's a one contract exit in there at 796.30 but I'll leave the whole thing at 796.40 because the other 2 contracts. 11:58

Long ER2 @ 797.20 -> small size 12:02

back to 1 contract

<silo> hey niha what's this trade based on 12:03

<NihabaAshi> Exited ER2 Long @ 797.30 --> + 0.1 12:24

<szubaark> Buys ES @ 1506 «« paper »» 12:32

exit stop moved to breakeven ES @ 1506 «« paper »» 12:44

Exited all Long ES at 1507.25 --> + 1.25 «« paper »» 12:45

<NihabaAshi> Shorts ER2 @ 797.70 -> small size 13:09

trade error...second one of the day 13:10

Covered ER2 Short @ 797.60 --> + 0.1 13:11

WRB Analysis

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On that note...I'm done for the day. 13:12

* codehead_afk is now known as codehead

<NihabaAshi> Will take my small profits and record it as "another" typical trading day the last trading day before XMAS. 13:13

Take care all and have a safe Merry XMAS and New Year. 13:14

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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.