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#FuturesTrades December 31st Monday 2007 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+2.90	+251.60	+3738.70
$290	$25,160	$373,870

Profitable Trade

1036am - 1045am est

Losing Trade

1012am - 1018am 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 31 09:28:38 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

<szubaark> Shorts ES @ 1481 Â«Â« paper Â»Â» 09:31

<NihabaAshi> Long ER2 @ 770.80 -> small size 09:40

<szubaark> Covered all Short ES at 1481.50 --> - 0.5 Â«Â« paper Â»Â» 09:42

Buys ES @ 1481.50 Â«Â« paper Â»Â»

<NihabaAshi> Intermarket analysis producing mixed price action :( 09:45

Gold going up and Oil going down 09:46

<drs> long er2 @ 770.9 09:47

<NihabaAshi> Exited ER2 Long @ 770.30 --> - 0.5 09:53

Reverse and Enter Short ER2 @ 770.30

<pat255> this is not easy to trade ..

<szubaark> Exited all Long ES at 1480 --> - 1.5 Â«Â« paper Â»Â»

<pat255> wow nice flip N 09:54

<szubaark> Shorts ES @ 1480 Â«Â« paper Â»Â»

<NihabaAshi> Home sales leak :)

<pat255> ah ha i c,,

housing in 5 min

<NihabaAshi> normal economic report leaks or itchy fingers during holiday duration. 09:55

<drs> Stopped out @ 769.6 (at least no slippage!)

i was just about to exit @ b/e -- stalling around today's open, too close to announcement... 09:56

<NihabaAshi> Covered ER2 Short @ 768.90 --> + 1.4 10:00

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)

<pat255> vn N

<NihabaAshi> That may be all the volatility we are going to see this morning :( 10:01

volatility dropping fast 10:05

will watch closely to see if it has any meaning on a extremely low volatility day like today 10:06

<pat255> N u determine vol by?

<base> GM all

<NihabaAshi> volatility...not volume.

<pat255> how do u detremine it?

<NihabaAshi> pat255...that's a commonly asked question in here...

<pat255> y i know u ansered it too...dang forget it now .. 10:07

my bad ..:(

<NihabaAshi> Same answer via just "looking at" shrinking ranges on the intervals versus a prior range expansion.

<pat255> i c...ty

<NihabaAshi> Simple, contracting range versus expanding range.

Small intervals = contracting volatility 10:08

<pat255> y got that ...will observe ..

<NihabaAshi> Large range intervals = expanding volatility

<drs> Ym versus er2 not exactly corellated, are they? :-) 10:10

<NihabaAshi> correlated in what way??? 10:11

tick for tick ???

<drs> just ym & es going up and er2 drifting down for last few 3 min bars...

<NihabaAshi> ER2 has a mind of its own sometimes :) 10:12

Long ER2 @ 769.40 -> small size

Off topic...does anyone know how Beijing China won the bid to host the Olympics while it has the "worst pollution and evironmental" problem in the world ??? 10:14

Many top athletes are boycotting out of fear for their health.

<pat255> hmm money & bribe the Olympic officials ..:)

recal there was a scandal 3-4 yeras ago on this issue

<NihabaAshi> Beijing mothers also has the highest infant abnormalities. 10:15

<pat255> y...pollution abounds ..

<NihabaAshi> Swedish female athletes have said they won't participate at the games.

<pat255> never eat anything imported from china..

<NihabaAshi> Looks like it's going the be a unforgettable Olympics. 10:16

<Bambam-77> no real big players trading today most lots less than 300 no big 1k lots

<NihabaAshi> I was just curious how they won the Olympic bid with such dangerous pollution and health issues for the athletes. 10:17

I guess money talks :(

<drs> Yup

<szubaark> Weird Price Action 10:18

<NihabaAshi> Exited ER2 Long @ 768.80 --> - 0.6

Reverse and Enter Short ER2 @ 768.80

<drs> I'm a distance runner, and coaches have been cooking up legal anti-asthma attack regimens for their athletes...

<szubaark> Hopefully market decides on a Direction soon, hopefully Down, Im Short.

<drs> Air is bad enough there to trigger asthma attacks in "normal" people 10:19

<szubaark> every Volatility spike gets retraced :((

<NihabaAshi> Gold looking a little exhausted 10:23

Oil still weak

Looks like everybody trying to get in sync now :)

Covered ER2 Short @ 767.90 --> + 0.9 10:25

<szubaark> ES in a Tight, Choppy 2pt Zone 10:26

<NihabaAshi> Shorts ER2 @ 766.50 -> small size 10:36

crappy entry...still worth the trouble 10:37

<szubaark> This market isnt going anywhere :)) 10:39

<NihabaAshi> oh oh 10:41

<pdays> Long ER2 @ 766.0 Â«Â« paper Â»Â» 10:42

<szubaark> where is les?

Hopefully i can catch a WRB pt2 10:44

<pdays> Exited all ER2 Long @ 765.0 --> - 1 Â«Â« paper Â»Â»

<NihabaAshi> Covered ER2 Short @ 764.80 --> + 1.7 10:45

<szubaark> My Target is 12/21 Gap Close on ES or close there

<pat255> vn ..

<NihabaAshi> I only had a profit goal today of $250 and I've now reached that goal. 10:46

<szubaark> Good Job. Its tough action today

<NihabaAshi> szu...anybody not here today or for the past several trading days are most likely on "Holiday Vacation".

<ItalianSharp> hi all, just stopped by to say Happy New Year everyone...didnt expect to see many traders today

:)

<NihabaAshi> Thanks ItalianSharp and happy holidays too.

On that note...I'm done trading and back on vacation. 10:47

<szubaark> happy holidays to you

<Andy> Long ER2 @ 764.6 10:48

<Bambam-77> next pos er trgt 762.60 10:54

initial balance is 771.8 x 767.20 10:55

<silo> what's initial balance? 10:57

<Bambam-77> hi low of first hr of trading

<Andy> Exited all ER2 Long @ 764.4 --> - 0.2

?away 10:58

<Bambam-77> next es trgt pos 1475.25 11:06

<szubaark> Covered all Short ES at 1477.75 --> + 2.25 Â«Â« paper Â»Â» 11:13

<Bambam-77> trgt hit lets see if we get a bounce 11:21

71.50 next pos trgt we have lot of weakness 11:24

<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) 11:30

<NihabaAshi> HAPPY NEW YEAR 2008 and another good year of trading all. 11:40

Those not meeting their trading goals...now is a good time to reflect and make changes for 2008

My main goal for 2008 is the slowly begin increasing my overall position size so that by this time next year... 11:41

I want to be doing on average about 3x more size.

With a goal of doubling or tripling my profits in comparison to this year.

<ItalianSharp> wow niha, are you planning to ahve other kids in the family???

<Bambam-77> always always take you predetermined stp and never add to lossing trade 11:42

<NihabaAshi> ItalianSharp...no :)

<ItalianSharp> :) 11:43

<Bambam-77> my 2 cents happy new year all i have to run

<NihabaAshi> I just want to keep doing what I've been doing for the past 20 years of trading.

Only difference is that I want to increase my position size.

I have the account size to do 15x what I'm doing now and still be within my risk parameters.

<ItalianSharp> wow...that's pretty amazing...you have a lot of upside potential to exploit 11:44

<NihabaAshi> Thus, 2x to 3x my current size is still low.

Yeah

However, I may have to move from ER2 and into something that can "easily" handle the size especially on difficult trading days when volatility is very low. 11:46

Not a problem because I'm not married to ER2.

<silo> also because er2 might start to slow down due to the exchange change 11:47

<NihabaAshi> Can easily move to ES, Treasuries, NYMEX or whatever.

<silo> what about NQ?

<NihabaAshi> ES is above NQ for liquidity 11:48

<silo> i know ...

i'm just saying

<NihabaAshi> Thus, if I move to another Emini...

<silo> nq has more liquidity than er2

<NihabaAshi> ES would be my number one choice.

<silo> and it has prtty nice volatility

oh ok

<NihabaAshi> HOwever, for right now via the size I'm doing... 11:49

All the eminis are adequate.

Yet, that will change once I increase my size.

I know from experience that I've had problems many times in getting fills on 15 contract ER2 trades.

<ItalianSharp> Niha, are you planning some studying or practice with ES if you were to elect it your primary trading instrument?

<silo> oh i'm sure

er2 moves too fast

hard to get a good fill 11:50

<NihabaAshi> Italian...no practice.

<silo> probably same strategy right?

just slightly different management

of trades

<NihabaAshi> I've traded them all before very heavily.

I watch them all closely EVERY trading day as I do for ER2.

<silo> hey niha... when is chapter 4 of the wrb analysis (volatility breakout) coming out?

<ItalianSharp> I know that, however I am sure you won't be able to do all the things you've been doing on ER2 with ES due to its much lower volatility 11:51

<NihabaAshi> silo...please stop using this room for that conversation.

You are starting to cause a big problem :(

<silo> shit sorry

<ItalianSharp> Happy New Year all, see you on Wed 12:10

<szubaark> Buys ES @ 1477.50 Â«Â« paper Â»Â» 12:17

* NihabaAshi is now known as Nihaba_vacation 13:15

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<szubaark> Exited all Long ES at 1480.50 --> + 3 Â«Â« paper Â»Â» 13:19

* szubaark is now known as szubaark_Doneforyear 13:20

<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) 13:36

<Andy> Shorts ER2 @ 771.0 14:58

Covered 3/4 ER2 Short @ 770.2 --> + 0.8 15:05

Covered Remainder ER2 Short @ 771.0 --> 0 15:11

<Andy> wishing everyone a safe and enjoyable new year's eve 15:57

gn all

<Brutus> ============ U.S. MARKETS ACTION =========== 16:05

DJIA down 68.94 points to 13296.93

NASDAQ down 12.36 points to 2662.10

S&P 500 down 5.59 points to 1472.90

10-year T-note up 11/32 at 101 23/32 yield 4.035

NYMEX Spot Crude down $0.02 at $ 95.98/bbl

Dollar/Euro down 0.0128 at 1.4596

http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={fcbc3 d30-5a37-46bb-94fb-743ba5f11f3c}

Happy new year everyone 16:06

* codehead is now known as codehead_afk 16:09

<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) 17:45

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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.