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#FuturesTrades December 28th Friday 2007 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+10.90	+248.70	+3735.80
$1,090	$24,870	$373,580

Profitable Trade

0958am - 1003am est

Losing Trade

1100am - 1102am 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: Fri Dec 28 00:00:00 2007Session Ident: #futurestrades

<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) 00:29

* DisconnectedSession Close: Fri Dec 28 00:40:58 2007 00:40

Session Start: Fri Dec 28 09:27:23 2007Session Ident: #FuturesTrades

* Now talking in #FuturesTrades 09:27

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

<NihabaAshi> Anybody have any problems with their FutureSource Dax data this morning ??? 09:28

<Nesi> ok here

good morning

<pat255> gm all..

<Brutus> was it 1/2 day on the dax niha 09:29

<NihabaAshi> DAX closed early today ???

My data via two different vendors stop at 0800am est 09:30

FutureSource and QCharts.

<Brutus> same here

<NihabaAshi> However, both are now owned by Esignal :(

Simply, I'm without one of my key market source for my "intermarket analysis" for today :( 09:31

<szubaark> Buys ES @ 1498.25 «« paper »» 09:32

Exited all Long ES at 1496.50 --> - 1.75 «« paper »» 09:34

Shorts ES @ 1496.50 «« paper »»

<NihabaAshi> Shorts ER2 @ 786.10 -> small size 09:35

<KiwiRoo> futures are selling against the market sentiment....

<NihabaAshi> intuition trade...high risk

<KiwiRoo> I'm guessing it will be 2sided today. 09:36

<pat255> paid off well...

<NihabaAshi> Covered 2/3 ER2 Short @ 784.80 --> + 1.3 09:37

Covered Remainder ER2 Short @ 785.90 --> + 0.2 09:42

Trading Edge:
Strategies
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)

<KiwiRoo> 1501 look could be next on ES. 09:46

<werner> New Home Sales, in 10 min 09:50

<KiwiRoo> market sentiment still looking strong... price action is down. 09:56

<NihabaAshi> Shorts ER2 @ 785.00 -> small size 09:58

Covered 2/3 ER2 Short @ 783.80 --> + 1.2 10:00

<szubaark> Nice Niha

<KiwiRoo> Pitts are selling...

<pat255> vn N

<KiwiRoo> gogo....

<NihabaAshi> ER2 will soon try to find some support in this price zone. 10:01

I need to be careful here for any counter-thrusts back upwards if they appear

<KiwiRoo> ER2 was sitting at this price the whole night (overnight). 10:02

<szubaark> Waiting to see if this 5min candle finishes as a WRB so in can exit 10:03

<pat255> was reluctant to S being eoy ...sigh

<KiwiRoo> WRB ?

<szubaark> Wide Range Body

<KiwiRoo> I'm loooking at 90.50 on the ES.

<NihabaAshi> Covered Remainder ER2 Short @ 781.50 --> + 3.5

caught a Big WRB pt1 exit

<KiwiRoo> it is wide now..... report was bad lol... 10:04

<pat255> vn

<szubaark> Covered all Short ES at 1492.25 --> + 4.25 «« paper »»

<KiwiRoo> Nice trade mate... szu.

<szubaark> thx

<KiwiRoo> go go 90.50..

shitz what next... hnmm 88.00

i got 86 under(88.00)... then 82.25 as next support. 10:06

<szubaark> Hi star

<startrader> Wow, just caught the drop. 10:07

<NihabaAshi> Weak support here for ER2 10:08

Long ER2 @ 781.60 -> small size 10:11

intuition and high risk trade

<startrader> 12.21 es open at 87.25 is the number I am watching. 60 min close below there and I think we fill the gap to from 12.20. at 74.50.

<NihabaAshi> 1 contract only for this price action after that big price drop 10:12

<startrader> Shorts ES @ 1490.50 «« paper »» 10:14

<NihabaAshi> Volatility Breakout downwards 10:15

voaltility contracting again 10:19

volatility breakout within the prior volatility breakout range = chop

Exited ER2 Long @ 782.40 --> + 0.8 10:22

<drs> Caught two quick scalps on the housing announcement: 784.2/782.3 +1.9 and 781.5/780.4 +1.1

<Nesi> thanks for explaing, Niha :)

<szubaark> geez IB down..its been going down all week 10:26

<KiwiRoo> register with Ninja. 10:31

Ninja trader..

hardly down.

mirus futures / amp . 10:32

<szubaark> cant trade with IB going in and out 10:36

<drt> yes, ib asian server is down too 10:40

<szubaark> this week has been terrible, IB went down everyday OR Quotes would Stop then continue 10:41

would hate to be in a trade when this crap happens :(( 10:42

<werner> market is sideways after that down move :( 10:46

<KiwiRoo> no shitz.... box right now between 90-91...waiting for break out. 10:49

<drs> Got a 50% retrace in er2

<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) 10:53

<cmr> IB still down on my side. Anyone with same problem? 10:56

<drt> ib still down 10:57

<cmr> Hope they are performing a major correction on the system ... 10:58

<NihabaAshi> Has anyone notice that whenever one of the major retail futures brokers go down that volatility on the CME and CBOT dries up ??? 10:59

Volume too

<drt> ib up 11:00

<NihabaAshi> Long ER2 @ 782.50 -> small size

intuition trade again 11:01

Exited ER2 Long @ 781.80 --> - 0.7 11:02

Reverse and Enter Short ER2 @ 781.80

reversed into 2 contracts

<drs> short er2 @781.5 (my own method!) 11:04

<NihabaAshi> Covered 1/2 ER2 Short @ 781.00 --> + 0.8

<szubaark> IB up for 1 minute now down again 11:05

<NihabaAshi> szu...I have a rule of 3 strikes and your out for brokers.

Thus, if that happenened 3x in one trading day...I call it quits for the day. 11:06

<szubaark> Yes.. Im definetly not trading today. 11:07

<NihabaAshi> Covered ER2 Short @ 780.50 --> + 1.3 11:08

<drs> Cover er2 @ 780.5 (hit yesterday's close) +1.0 11:09

<NihabaAshi> I dumped my short after seeing a possible "back to back" hammer lines on the 1 min chart

<drs> Do you trade off 1 min, or use as entry/exit tool?

<NihabaAshi> I use 1min, 2min, 3min, 5min and 15min charts

Not sure what you mean by a entry/exit "tool". 11:10

<pat255> N that is the best setup ..i got rid of tick charts ..

<NihabaAshi> Tick charts are useful for someone doing "pure scalping" 11:11

<drs> Meant that you use 1 min chart not for trade selection, but for entry/exit...

<pat255> but min charts work k ..plus one can the c the hammers etc ..

<NihabaAshi> Yes, for trade selection and entry/exit...I use 1min, 2min, 3min, 5min and 15min charts 11:12

Simply, if I see something interesting developing on a particular chart interval...I do everything via the particular chart interval until something else develops. 11:13

<drs> ok, thanks. I don't have confidence to trade < 3 minute at this point :-)

<pat255> thks N.. 11:14

<werner> wow ts offline here 11:15

<NihabaAshi> I've reached my profit target for the trading day.

<startrader> Still short average of 90.50, wife shut me down.

<zoomy> TS still up for me

<drs> my ts is up in L.A.

<NihabaAshi> On that note...going to head out and go up to meet the family at the condo to do some skiing at the resort.

<Nesi> have a great weekend, Niha 11:16

<pat255> later N ..enjoy

<drs> Have fun!

<werner> tx zoomy

<NihabaAshi> Ok...I'm officially back on vacation again :)

<pat255> lol ..

<NihabaAshi> Take care all and see all on Monday.

Have a good and safe weekend. 11:17

WRB Analysis

Learn More

<werner> dito niha

TS ok now here

<zoomy> thx niha

<NihabaAshi> By the way, can somebody email today's chat log to questions@thestrategylab.com 11:18

I'm going to disconnect my laptop and bring it to the condo.

Thus, I want access to the remaining logs in here for today while I'm gone.

<Brutus> ok niha 11:19

<NihabaAshi> Thanks and greatly appreaciated if someone emails the log after the close.

Thanks Brutus and all.

<pat255> N i am leaving now for the ofice ..

but how can i do that ?

<Nesi> i can email it.. Niha

<pat255> k thks Nesi

* NihabaAshi is now known as Nihaba_vacation 11:20

<pat255> how do u do that ..just look at the log & email it?

<Nesi> save the log and then email it :)

<Nihaba_vacation> Yes

It's stored in your mIRC folder on your harddrive

<pat255> k...i c ...

y niha c what u mean .. 11:21

<Nihaba_vacation> In a subfolder called Logs

<startrader> Shorts ES @ 1491.75 -> Add «« paper »»

<Nesi> darn, Niha, i was not logging the room today :/

i started loggin now tho

<pat255> good thinking lol 11:22

<Nesi> will copy and paste todays log tho 11:23

<pat255> otherwise u wil email him empty file ..

later guys ty all 11:25

<startrader> Here we go. Hope the lunch bunch is showing up. 11:51

<drs> Have a nice weekend, all (I quit at lunch :-) 11:55

<startrader> 15 min close below 90.50 should push it back to yesterday's close. 11:58

No sooner do I type it. Wow. 12:00

<Nesi> Shorts ER2 @ 780.40 delayed entry «« paper »»

<startrader> Covered 1/2 ES Short @ 1487.75 --> + 4 «« paper »» 12:01

Could not even close the 15 min below 87.25 12:15

Covered Remainder ES Short @ 1487.50 --> + 3 «« paper »» 12:17

* codehead_afk is now known as codehead 12:24

<Nesi> Shorts ER2 @ 776.00 -> Add «« paper »» 12:44

* Forex2stay has quit IRC 12:53

* Nihaba_vacation has quit IRC (Volatility Analysis is a door way to consistent profits in the futures markets) 12:57

* Andy has joined #FuturesTrades 12:58

<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) 12:59

<codehead> long YM 103378 <paper> 13:04

horizontal trendline break on cci 3 min

<Nesi> Covered all ER2 Short @ 775.00 --> + 780.40 delayed entry - 775.00 + 1 «« paper »»

<codehead> exit half YM +15 <paper> 13:06

raise stop on remainder b/e

raise stop to +10 <paper> 13:08

exit +14 <paper> 13:10

target was +30

might still 13:11

* futurible has quit IRC (Ping timeout for futurible[85.155.196.126.dyn.user.ono.co m]) 13:23

<codehead> possible famirs forming for up...

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* cmr has quit IRC 13:27

* ScreenStruck1 has joined #FuturesTrades 13:30

has left #FuturesTrades 13:31

* cmr has joined #FuturesTrades 13:39

<szubaark> nice code.. 13:41

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has joined #FuturesTrades 13:43

<codehead> indices gettign a little relief on potential double bottom 13:44

<startrader> Shorts ES @ 1484.25 «« paper »»

<codehead> thx szu 13:45

<szubaark> Buys ES @ 1484.50 «« paper »»

trying a Counter Trade here

<startrader> Shorts ES @ 1485.25 -> Add «« paper »» 13:47

Would normally be looking long as well, 85.25 looks like a tough nut to crack with little volume off the bottom. 13:51

<szubaark> Looking for a retrace here off the double bottom 13:52

<startrader> Shorts ES @ 1486.25 -> Add «« paper »» 14:00

<szubaark> exit stop moved to breakeven ES @ 1484.50 «« paper »» 14:01

* futurible has quit IRC (Ping timeout for futurible[85.155.196.126.dyn.user.ono.co m]) 14:03

* pdays has joined #FuturesTrades 14:09

<szubaark> Exited all Long ES at 1484.75 --> + 0.25 «« paper »» 14:15

Shorts ES @ 1484.75 «« paper »»

missed my exit by 1 tick (wanted 1487) 14:16

<codehead> crude took a decent dip in last 15 mins of mkt 14:30

dropped over a buck quick 14:31

<KiwiRoo> this is super tough area for ES, YM & NQ.... above this point and explosive up to the HOD.. imo. 14:37

waiting for YM to do it.. 14:38

<szubaark> overall trend still down

<KiwiRoo> yeah... i know.. but watch the explosive up.

<szubaark> Covered all Short ES at 1488 --> - 3.25 «« paper »»

Buys ES @ 1488.25 «« paper »»

<KiwiRoo> at least 90.5.. come on... ES. 14:39

tell sellers to f off. 14:41

<startrader> Covered all ES Short @ 1487.50 --> - 4.5 «« paper »» 14:42

<KiwiRoo> could even get to HOD imo.

<szubaark> Looking more and more Bullish

<KiwiRoo> get over that 90.50 and surely HOD.... 14:43

:P

<szubaark> 1492 First Brick Wall

<KiwiRoo> sellersssss......

<startrader> Shorts ES @ 1488.50 «« paper »» 14:44

<KiwiRoo> below 87 and it a sucker push...... ....:( 14:45

<startrader> Hopefully that 87.25 can push it lower. 14:46

<KiwiRoo> u need below 87...

<startrader> Agreed. 14:49

<KiwiRoo> they will run out of steam after this attempt if can't do it. 14:50

NIce shorting there... 14:51

can't do it on the up lets push this shitz lower then......

<startrader> Covered 1/2 ES Short @ 1486 --> + 2.5 «« paper »» 14:52

<KiwiRoo> all sellers so far at this altitude

<szubaark> Exited all Long ES at 1485.75 --> - 2.5 «« paper »» 14:53

Shorts ES @ 1485.75 «« paper »»

should have stayed Short, trend is down

<KiwiRoo> we're at the line in the sand level.... hard to say. 14:55

<startrader> need this 15 min close under 86.25 to get going. 14:58

<KiwiRoo> I think they're still loooking at the long side... seeing how they hover around 87.... 15:00

Dom offer size at 87 is huge.

<startrader> 89.50 is 50% of days range, will not look long till that is taken out hard. 15:01

<KiwiRoo> sure thing 15:02

<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)

<startrader> Covered Remainder ES Short @ 1485.25 --> + 3.25 «« paper »» 15:07

Happy new year all, taking off again till 08! Gotta go. Wish I could see where this goes. 15:08

<KiwiRoo> nice trade... c ya.. happy new year to u as well.

<Brutus> happy new year ST and to everyone at strat lab 15:09

<KiwiRoo> hapy new year Brutus. 15:10

* startrader has quit IRC

<Brutus> what time do you sleep kr? 15:11

<KiwiRoo> Around the lunch hour.. just got up again then.

<Brutus> lol

<KiwiRoo> be4 market and @ lunch.

haha... you ?

u in goldcoast right?

<Brutus> after market

no adelaide 15:12

<KiwiRoo> good deal....

<Brutus> u?

<KiwiRoo> i'm flying off to nz later today. :P

sydney

<Brutus> born in nz? 15:13

<KiwiRoo> nah.. i'm thai born. but live in nz for pretty much all my life :P 15:14

<Brutus> ok, I was in wellington in 05 15:15

<KiwiRoo> awesome... 15:17

<szubaark> Covered all Short ES at 1488.50 --> - 2.75 «« paper »»

Buys ES @ 1488.50 «« paper »» 15:18

<KiwiRoo> ST just missed out the fun now....

<szubaark> tough area here.. Keep getting whacked with both Longs and Shorts

should blast off higher now

<KiwiRoo> IMO. they looking for long but Short won't give up.

<Brutus> this guy zodiac said it best... 15:20

<KiwiRoo> man.. this is BS...

<Brutus> 12-28-07 01:16 PM

Looks like the Russell has found a little support and is providing some lift for the ES. look for some jumps in volume off the 1min to support entry at these levels. Its a holiday weekend as well.

At this point their is very little paper coming in the ES and the locals will be running for the stops

<KiwiRoo> all local was trading.... 15:21

thats why the damn indicision around 87 :(.. 15:22

<szubaark> they do any more sucker fakeouts and most retail will call it a day also

<KiwiRoo> dirty locals.. 15:24

<szubaark> worst slime there is 15:25

expect more of the same games first week of January, then we should be back to normal Volume 15:28

<Brutus> 1st day back is normal szu 15:29

for last 2 years anyway 15:30

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<szubaark> Brutus, u seen eminitrader? 15:48

<Brutus> no must be on holidays also othernet server had some problems 15:49

* futurible has quit IRC (Ping timeout for futurible[85.155.196.126.dyn.user.ono.co m]) 15:50

<Brutus> ============ U.S. MARKETS ACTION =========== 16:00

DJIA up 17.55 points to 13376.84

NASDAQ down 1.32 points to 2675.58

S&P 500 up 3.22 points to 1479.69

10-year T-note up 96/32 at 101 9/32 yield 4.088

NYMEX Spot Crude down $0.55 at $96.07/bbl at close

Dollar/Euro up 0.0102 at 1.4712

http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={0f5a2 77a-0a8a-4f0c-92d6-1c3172c375d6} 16:01

<zoomy> gw all 16:06

* zoomy has quit IRC

* sep34_away has quit IRC 16:09

<szubaark> Exited all Long ES at 1486 --> - 2.5 «« paper »» 16:12

<Brutus> cul8r 16:13

<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)

Sponsor:
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Google:

#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.