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#FuturesTrades December 27th Thursday 2007 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+14.10	+237.80	+3724.90
$1,410	$23,780	$372,490

Profitable Trade

0958am - 1015am est

Losing Trade

1109am - 1114am 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: Thu Dec 27 09:28:52 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

* Nihaba_vacation is now known as NihabaAshi 09:30

<NihabaAshi> Hope all had a good XMAS or holiday break from the markets.

<Nesi> hi Niha, thx 09:31

<pat255> Hi N...back to you..

<NihabaAshi> Enormous breaking news concerning the markets about Bhutto's assassination early this morning. 09:37

<zoomy> I’m surprised that news hasn’t had a greater effect on the market 09:42

<KiwiRoo> same to u niha.. hope u had a nice vacation. 09:43

* subq mp charts for holiday traders - http://www.charthub.com/chart/author/DA0 D7987572D7FBE3C7226C93DD52A 09:48

<NihabaAshi> The market is trying hard (so far its working) to retrace the impact of the negative news. 09:53

Also, be prepare because Pres. Bush will most likely show up on live TV to discuss the assassination. 09:54

<KiwiRoo> this is pretty choppy...

<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) 09:56

<NihabaAshi> Shorts ER2 @ 796.30 -> large size 09:58

Big time chaser...worth the risk 09:59

<Brutus> 1000/1500 Nov Conference Board Consumer Confidence Index

Consumer Confidence Index 86 87.3

<pat255> still S N? 10:01

<NihabaAshi> Covered ER2 Short @ 794.90 --> + 1.4 10:15

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 ..

<startrader> Shorts ES @ 1502 «« paper »» 10:20

Covered 1/2 ES Short @ 1499 --> + 3 «« paper »» 10:40

<werner> gm niha,all 10:47

<NihabaAshi> Shorts ER2 @ 791.80 -> small size 10:49

<startrader> Covered Remainder ES Short @ 1499.50 --> + 2.5 «« paper »» 10:51

<pat255> here i failed .. 10:56

S paper on er went up to 793 stopped ..& it came back down

<Andy> Long ER2 @ 790.5 10:57

Long ER2 @ 791.3 10:58

oops

<startrader> Long ES @ 1498.25 «« paper »» 10:59

<NihabaAshi> Covered ER2 Short @ 791.20 --> + 0.6 11:00

<Nesi> i think Bush on soon

<NihabaAshi> Yeah...first I heard 1130am est but I think that's wrong. 11:02

<pat255> i gotta hold trdaes ..

<KiwiRoo> watch 96 on ES. 11:03

<Andy> Exited all ER2 Long @ 790.4 --> - 0.9

<KiwiRoo> 96/95.

<NihabaAshi> volatility breakout right now...

Hopefully it sets up a trade in the price action soon after. 11:04

<KiwiRoo> BS dom again...

<startrader> Long ES @ 1497 -> Add «« paper »» 11:06

<NihabaAshi> Shorts ER2 @ 788.90 -> small size 11:09

1 only again

I got some family distractions here that's preventing from doing more than 1 contract after that first large size trade. 11:11

<Andy> Long ER2 @ 788.4 11:12

<pdays> Long ER2 @ 788.5 «« paper »»

<NihabaAshi> volatility dropping fast... 11:13

I'm expecteing a volatility spike here soon (up or down).

Covered ER2 Short @ 789.30 --> - 0.4 11:14

Reverse and Enter Long ER2 @ 789.30

<startrader> Exited all ES Long @ 1498.50 --> + 1.75 «« paper »»

<pdays> Exited all ER2 Long @ 789.5 --> + 1 «« paper »»

<Andy> Exited 1/2 ER2 Long @ 789.4 --> + 1

<Nesi> Bush tv 11:16

heads up

<NihabaAshi> Yep :(

<Andy> :(

<NihabaAshi> Time for the chop...be careful. 11:17

<KiwiRoo> lunch time rally coming :P 11:23

or maybe a sellofff.... ho ho ho. 11:24

<Andy> patience wearing out 11:25

exit stop moved to breakeven ER2 @ 788.4 11:26

<KiwiRoo> we're both long... so lets go.

<NihabaAshi> Exited ER2 Long @ 789.40 --> + 0.1 11:28

<startrader> Shorts ES @ 1498.25 «« paper »»

<Andy> Exited Remainder ER2 Long @ 789.4 --> + 1

<startrader> Covered 1/2 ES Short @ 1497.25 --> + 1 «« paper »» 11:38

* cervenca is now known as zoom 11:39

<startrader> Covered Remainder ES Short @ 1497.25 --> + 1 «« paper »» 11:42

<NihabaAshi> Long ER2 @ 789.10 -> small size 11:51

Exited ER2 Long @ 789.30 --> + 0.2 11:58

<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) 12:02

<NihabaAshi> Shorts ER2 @ 788.70 -> small size 12:04

Geeeshhh 12:05

What was that ???

<Nesi> what a timing!!

lol

<Andy> woweeee

the sound of stops being hit? 12:06

<NihabaAshi> Covered ER2 Short @ 787.70 --> + 1

<zoomy> Covered all ER2 Short @ 787.50 --> + 1.1 «« paper »»

<NihabaAshi> If I don't know what just happen...

Best to take the nice profit while I still had it.

On that note and still on "holiday vacation"... 12:07

I'm done for the day.

<Andy> have a good one, Niha 12:08

<pat255> might as well...later N

<Brutus> cu Niha 12:10

* codehead_afk is now known as codehead 12:14

* NihabaAshi is now known as Nihaba_vacation 12:26

* Looking up ymER2 user info... 13:08

up Brutus user info... 13:09

up Brutus user info... 13:10

up ymER2 user info...

* Timer 1 activated 13:11

1 halted

* Retrieving #futurestrades modes...

<szubaark> Buys ES @ 1495.25 «« paper »» 13:51

first trade of the day 13:52

<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) 14:05

<szubaark> Exited all Long ES at 1494.75 --> - 0.5 «« paper »» 14:26

Shorts ES @ 1494.75 «« paper »» 14:27

* Looking up YMerZ user info...

up YMerZ user info... 14:28

<Andy> Shorts ER2 @ 788.8 -> small size

* Timer 1 activated 14:32

1 halted

<Andy> Covered all ER2 Short @ 787.7 --> + 1.1 14:33

1 contract only

that was called selling your winners too early 14:39

<szubaark> waiting to cover around low of day 14:41

Covered all Short ES at 1492 --> + 2.75 «« paper »» 14:44

<Andy> good patience, szu 14:45

<startrader> Shorts ES @ 1492 «« paper »»

<szubaark> thnx

<startrader> Shorts ES @ 1494 -> Add «« paper »» 14:50

<werner> gn all 15:08

<startrader> 60 min close here below 92.75 should send it to 85-87. 15:29

<szubaark> Shorts ES @ 1492 «« paper »»

Volatility picking up 15:31

exit stop moved to breakeven ES @ 1492 «« paper »»

<startrader> Shorts ES @ 1491 -> Add «« paper »» 15:35

This water is smelling chummy! 15:40

<szubaark> :)

Covered all Short ES at 1489.75 --> + 2.25 «« paper »» 15:44

<startrader> Covered 1/2 ES Short @ 1487.50 --> + 3.5 «« paper »» 15:47

<Nesi> nice :)

<Brutus> good one ST 15:48

<startrader> Took long enough to get there. 15:49

Bumping on the 1st retrace from 12.18 low. 15:50

Covered Remainder ES Short @ 1487.50 --> + 4.5 «« paper »» 15:51

Long ES @ 1485.50 «« paper »» 15:59

Exited all ES Long @ 1489 --> + 3.5 «« paper »» 16:00

You would think I actually knew what I was doing on a day like this. 16:01

WRB Analysis

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<Andy> lol, you're getting closer st

<startrader> A long vacation does one good...

<Brutus> yes good call on 85 ST 16:02

<startrader> gnight all.. 16:03

<Andy> gn all 16:04

<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) 16:08

<Brutus> ============ U.S. MARKETS ACTION =========== 16:09

DJIA down 177.78 points to 13373.91

NASDAQ down 47.14 points to 2677.27

S&P 500 down 19.71 points to 1477.95

10-year T-note up 22/32 at 100 15/32 yield 4.191

NYMEX Spot Crude up $0.65 at $ 96.62/bbl at close

Dollar/Euro up 0.0115 at 1.4605

http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={84f99 36f-24fc-4ef4-b24b-ef6083e6db01}

<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) 18:14

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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.