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#FuturesTrades July 9th Monday 2007 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+10.40	+49.90	+1738.40
$1,040	$4,990	$173,840

Not Available

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Current Performance Record

July 10th ER2 Key WRB S/R Zones

Profit/Loss Statement

General Chat Room/Log Info: The above points along with 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.

Also, #FuturesTrades is free to any trader and I am the only trader in #FuturesTrades that represents TheStrategyLab.com

My main function in #FuturesTrades is to be the moderator and I use the chat room as more eyes on the markets to help prevent missing critical market info that have impact on my trades.

#FuturesTrades is not a signal calling chat room and all users are required to post at least one trade (real money or simulator) per day of use or participate in the market discussions.

Lurking (not participating) in #FuturesTrades will not allow you to reach your trading goals nor will it answer your questions that you need answered to help with your trading. Therefore, it's to your benefit to participate in #FuturesTrades to prevent us from thinking you don't need any help.

General Strategy Info: 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.

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, 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, trade signal and seasonal tendencies.

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 in the world.

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 Jul 09 09:30:01 2007Session Ident: #futurestrades

* Now talking in #futurestrades 09:30

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

<base> gm all 09:31

<eminitrader> Shorts ES @ 1544.25 09:35

<venedom> GM 09:38

<NihabaAshi> Shorts ER2 @ 860.70 -> medium size

intuition trade and I'm not looking for much 09:39

<eminitrader> exit stop lowered ES @ 1544.75

<NihabaAshi> No fill :( 09:40

Geesh

<eminitrader> Covered all ES Short @ 1544.75 --> - 0.5

<werner> gm all 09:41

<venedom> Shorts ER2 @ 860.40

<NihabaAshi> bizaare

<Awash> good morning all

<PapaJon> was just thinkin the sam niha

<NihabaAshi> Well...if they aren't going to snatch up my order... 09:42

<pat255> gm all

<NihabaAshi> I'm going to stay put and go for a bigger target.

<eminitrader> Shorts ES @ 2544.75 09:43

<pat255> es strong

<eminitrader> oops

Shorts ES @ 1544.75

Covered 1/2 ES Short @ 1544.25 --> + 0.5 09:45

<venedom> Covered 2/3 ER2 Short @ 859.90 --> + 0.5

Covered Remainder ER2 Short @ 859.40 --> + 1 09:46

<NihabaAshi> Covered 2/3 ER2 Short @ 859.50 --> + 1.2

<venedom> wild ride

<NihabaAshi> I only wanted 4 ticks on that but didn't get a fill twice when it hit it :( 09:47

Cancelled my order and increased my target for the 2/3 as if it was my last 1/3.

<venedom> now it drops 09:48

<eminitrader> Covered 1/3 ES Short @ 1543.25 --> + 1.5 09:49

<venedom> Long ER2 @ 858.90

Exited all ER2 Long @ 858.4 --> - 0.5 09:53

<NihabaAshi> Price action just became slightly bullish :( 10:04

<eminitrader> Covered Remainder ES Short @ 1544.75 --> 0 10:11

<pat255> DT on es 3 min.. 10:13

<ItalianSharp> i hope this type of price action is not a taste of what we are going to get all summer 10:15

<NihabaAshi> Covered Remainder ER2 Short @ 859.40 --> + 1.3

Trading Edge:
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Trading Strategies -> These strategies, from entry to exit, will exploit inefficiencies in the price action of your trading instrument for profits in the following trading instruments via WRB Analysis: Emini Index Futures (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), Forex Currencies (EurUsd, EurYen, UsdCdn), Exchange Traded Funds (DIA, GLD, OIH, IWM, QQQQ, SPY, XLE) and Hang Seng Index Futures (HSI)

<eminitrader> Shorts ES @ 1544.75

<NihabaAshi> That's the second volatility spike off the bottom...enough to shake me out of my remainder :(

<eminitrader> large size 10:16

Covered 1/3 ES Short @ 1543.75 --> + 1 10:17

Covered all ES Short @ 1544.75 --> 0 10:22

Shorts ES @ 1544 10:24

<NihabaAshi> Shorts ER2 @ 858.10 -> medium size 10:25

Looking for 857.00 or below for a profit target. 10:26

:( 10:29

<eminitrader> Covered 1/3 ES Short @ 1543 --> + 1

<base> I am short as well, waiting for 857.10 ...

<eminitrader> was expecting new lows on the ES 10:30

<pat255> em in this tight range u keep 1 pt stop on es?

<eminitrader> or less ..as soon as it moves in my direction 10:31

<jperl> ER2 bounced off Friday's VWAP @ 857.30

<NihabaAshi> Looks like I'm about to get shaken out again before my profit target.

<pat255> ty

<eminitrader> Covered 1/3 ES Short @ 1543.50 --> + 0.5 10:32

<NihabaAshi> Covered Remainder ER2 Short @ 857.70 --> + 0.4 10:33

Too many back to back dojis for me to stay in this Short. 10:34

Volatility dropping fast in ER2...

Expecting a volatility spike here soon.

Hopefully in the direction of you shorts. 10:35

There she goes :)

<eminitrader> Covered ES Short @ 1541.50 --> + 2.5

Reverse and Enter Long ES @ 1541.50

<base> Nah, I have just closed it with only + 0.5 :(

<NihabaAshi> Wish the volatility dropped occurred before my exit instead of after my exit. 10:36

<eminitrader> Long ES @ 1541 -> Add

Exited all ES Long @ 1540.25 --> - 2 10:38

from avg 1541.25

<NihabaAshi> Shorts ER2 @ 856.40 -> small size 10:39

<eminitrader> Long ES @ 1540.50 10:40

Long ES @ 1539.50 -> Add 10:41

shld see a bounce 1541-43 area 10:42

<X> #FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (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, QQQQ, SPY) 10:45

<jperl> ER2 @ 2 day VWAP 855.93 10:46

<NihabaAshi> Covered all ER2 Short @ 855.90 --> + 0.5

:(

3rd trade in a roll I couldn't keep until the profit target. 10:47

<eminitrader> Long ES @ 1539 -> Add 10:51

<NihabaAshi> I'm expecting another volatility spike here soon.

<base> I have left too early. I got +0.5 while profit peak was ca. +2.8.

<NihabaAshi> I don't care which way it goes as long as I can jump on it.

Long ER2 @ 856.10 -> small size 10:52

Exited ER2 Long @ 856.00 --> - 0.1 10:55

Reverse and Enter Short ER2 @ 856.00

<venedom> Shorts ER2 @ 856.10 10:56

<NihabaAshi> Position reversal error...will manage it somehow.

Covered ER2 Short @ 855.70 --> + 0.3 10:57

<eminitrader> be back ...stop snd limits in place

<NihabaAshi> Lucky exit on the position reversal error.

Taking a break from trading to clear my thoughts. 10:58

* NihabaAshi is now known as NihabaAshi_away

<venedom> Covered all ER2 Short @ 854.90 --> + 1.2 11:00

<jperl> Done for now.....lousy fills this morning... 11:03

http://charts.dacharts.com/2007-07-09/JP ERL_011.jpg

<eminitrader> Exited 2/3 ES Long @ 1541 --> + 2 11:05

* ItalianSharp is now known as ItalianSharp_away 11:07

<eminitrader> bad trade in termsof risk/reward...

Exited ES Long @ 1541 --> + 0.5 11:08

Reverse and Enter Short ES @ 1541

<RONDOE> good morin everybody 11:09

<venedom> Shorts ER2 @ 856.80 11:10

Shorts ER2 @ 857.10 -> Add 11:11

Shorts ER2 @ 856.50 -> small size 11:15

<eminitrader> Shorts ES @ 1541 -> Add 11:19

this trade is much better.. 11:21

nice consolidation at res...before prolly testing the low 11:22

<venedom> Shorts ER2 @ 856.50 -> Add 11:23

<eminitrader> high probability trade

<jperl> interesting point on the ER2 chart below..... 11:25

http://charts.dacharts.com/2007-07-09/JP ERL_012.jpg

857.11 is 1 day vwap, suggests a short there..... 11:26

855.93 is 2 day VWAP.....suggest a long there

price action is oscillating between the two VWAPs

<eminitrader> ES and NQ t res here..need to see if it will brek thru lt 11:27

Shorts ES @ 1542 -> Add

last add 11:28

<intowin> shorts es at 1541.50 1542.75 stop

<eminitrader> will add last lot sell @ 1543...if it gets there 11:29

<venedom> Shorts ER2 @ 857.30 -> Add

<jperl> ER2 VWAP 857.87 11:30

looking for peak volume price to move to 856.70 area 11:34

<eminitrader> pa confirms down move...sld see a pullback unless its a fake

change in plan ..no more adds stop lowered 11:35

<jperl> present PVP @ 858.70

<eminitrader> exit stop lowered ES @ 1542.25

<jperl> PVP now 856.70 11:36

looking for return to VWAP @ 857.86

<intowin> I like that stop E. lowered here also 11:37

<eminitrader> yep now it makes it a excellent trade for me ...holding 15 from avg 1541.6250 11:38

s3 tick stop with good probability of of a move in my direction 11:39

<venedom> n1 e

<pat255> s3? em 11:40

<eminitrader> thx v..shld see it it will work out as planned..

s3 ? lost u pat

<pat255> eminitrader> s3 tick stop with good probability of of a move in my direction 11:41

<eminitrader> k...meant almost 3 tick

<pat255> k ...:)

<eminitrader> actaully was in comparision to my earlier long where i avg down to 1539.75 and got 5 ticks out of it with a stop of 1537.25 ...10 tick stop 11:43

Covered 1/3 ES Short @ 1540.50 --> + 1.5 11:46

<jperl> still waiting for ER2 return to VWAP @ 857.82 11:49

<eminitrader> looking more and more like a b/e trade for me :( 11:52

if my stop gets filled

cld be a stop runner...still see res upto1543 11:53

<jperl> ER2 returned to VWAP 857.80.... 11:56

see how easy it is lol

<eminitrader> that was close itw :)) 11:57

<intowin> had me sweating

<eminitrader> how many r u holding 11:58

<intowin> I am a light player only two 11:59

<eminitrader> k..

<pat255> em is heavy ...he dont fool around ...vn em

<eminitrader> i.m kinda trying to make-up for lost days of trading this month...

dont think its a good move today..

<pat255> yes today need to be light ...range 12:00

<venedom> summer days are here

<eminitrader> true pat ...specially after a long wkend

<pat255> hmmm indy this hour should be extended 11-2..no?

k guys c u all later ty all. 12:09

back to office ..

<venedom> Covered 1/3 ER2 Short @ 856.30 --> + 1 12:11

sweat 12:12

Covered 1/3 ER2 Short @ 856.50 --> 0 12:13

Covered Remainder ER2 Short @ 856.40 --> + 0.1 12:14

<pdays> Long ER2 @ 856.3 12:16

<eminitrader> Covered Remainder ES Short @ 1541.25 --> - 0.25 12:19

<venedom> long trade emin 12:21

<intowin> stopped 12:30

small lots mean I have to let them run 12:31

<Awash> Long ES @ 1542.50

Exited all ES Long @ 1541.50 --> - 1 12:44

* ItalianSharp_away is now known as ItalianSharp 12:50

<X> #FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (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, QQQQ, SPY) 12:51

<eminitrader> Long ES @ 1541.50 13:08

<codehead> short ES 1542.25 <paper> 13:18

i'm just testing a certain signal... 13:19

doesn't look that promising

<eminitrader> Exited 1/2 ES Long @ 1543 --> + 1.5 13:26

<codehead> exit ES -.75 <paper> 13:27

signall rolled over

<eminitrader> Exited 1/3 ES Long @ 1543.50 --> + 2 13:57

<venedom> good afternoon

n1

<eminitrader> thx v

think thats bt it ..ES not moving on its own being dragged by the other indices.. 13:58

<venedom> step b step a little higher 13:59

<eminitrader> we will need tosee how up can the es go...looks like a close below 1545 or near its lod 14:00

Exited ES Long @ 1543 --> + 1.5 14:04

Reverse and Enter Short ES @ 1543

<venedom> Long ER2 @ 858.60 14:09

Exited all ER2 Long @ 858.3 --> - 0.3 14:15

<codehead> short ES 1541.75 <paper> 14:16

<jperl> ER2 @ VWAP 857.81....

peak volume price just below 857.50 14:17

not much up bias

<eminitrader> Covered 1/2 ES Short @ 1541.50 --> + 1.5

* NihabaAshi_away is now known as NihabaAshi 14:18

<codehead> exit half ES short +1 <paper> 14:27

<eminitrader> Covered 1/3 ES Short @ 1541 --> + 2

<Brutus> Nice reversal e 14:28

<eminitrader> thx B..

no runners today ..thats the bad part..had large lots on almost every trade :(

<codehead> exit half ES short +.75 <paper> 14:29

other things to do...

that last one was the remainder

<Brutus> days after non farm payrolls can be slow due to lack of news 14:30

<eminitrader> true ..and coming back after a long wkend 14:31

<Brutus> yep

<eminitrader> we do have Jul 09 15:00 Consumer Credit May concen $6.5B prior $2.6B 14:32

may provide some valatility

<venedom> Long ER2 @ 857.80 14:34

small size

<eminitrader> Covered Remainder ES Short @ 1543 --> 0 14:37

<venedom> Exited all ER2 Long @ 858.80 --> + 1

hod next target 14:46

<eminitrader> Shorts ES @ 1544.50

<venedom> Shorts ER2 @ 859.90 14:47

<NihabaAshi> The volatility in the Eminis finally caught up with the volatility in Oil and Gold since 2:30pm est. 14:48

<venedom> ok fellow traders being ahead I think its time to quit and enjoy the pool 14:53

Covered all ER2 Short @ 859.50 --> + 0.4 14:54

<eminitrader> Shorts ES @ 1544 -> Add

<venedom> c u tomorrow

<eminitrader> later v

<jperl> venom----I thought you were trading in the pool

<pdays> Exited all ER2 Long @ 856.5 --> + 0.2

late post

<venedom> my water wifi down today

<jperl> too bad.....my wish.... 14:55

sit on the beach and trade with a lap top

<eminitrader> Shorts ES @ 1544.75 -> Add

holding 5 14:56

<venedom> hod will be reach c u 14:57

<X> #FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (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, QQQQ, SPY)

<Brutus> 1500/1900 May Consumer Credit 14:59

12.9 est 7 B 15:00

<eminitrader> thx B

<Brutus> yw

<NihabaAshi> I'm having some problems loading a new program...need to do a reboot. 15:04

* DisconnectedSession Close: Mon Jul 09 15:05:43 2007 15:05

Session Start: Mon Jul 09 15:19:26 2007Session Ident: #futurestrades

* Now talking in #futurestrades 15:19

<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTra desChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrad es.htm

<eminitrader> Covered all ES Short @ 1544.50 --> + 0.25 15:25

<werner> gn all 16:01

<Brutus> 1609 Alcoa Inc. (AA) said late Monday that second-quarter earnings fell 3.9% to $715 million, or 81 cents a share, from $744 million, or 85 cents a share, a year earlier. 16:15

WRB Analysis

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<NihabaAshi> Take care all and see all tomorrow. 17:07

* NihabaAshi is now known as NihabaAshi_away

* DisconnectedSession Close: Mon Jul 09 17:26:40 2007 17:26

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In addition, below are the trading instruments our chat room members monitor closely to make trade decisions:

CME Emini Futures ES, NQ and ER2

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

Hang Seng Index Futures HSI

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