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#FuturesTrades May 14th Monday 2007 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+16.70	+129.60	+1260.80
$1,670	$12,960	$126,080

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Current Performance Record

Encyclopedia of Chart Patterns

Profit/Loss Statement

Today's WRB Analysis: A economic calendar is an essential trading tool to know when key price movement (strong reversals or strong continuation) will occur along with being better prepared for the volatility spikes.

They tell us when to look for entry signals and/or when to look for profit targets.

Therefore, don't get tunnel vision an assume its all about technical analysis because the strongest price movements are not TA related because they are often driven in reaction to key economic report releases, regular schedule market events, market seasonal tendencies, geopolitical events or breaking world news.

Today, the U.K (England) had a key economic report release at 1030am est even though to many traders its an unimportant economic report. However, when that report appears on a trading day that lacks no key market events...it becomes one of the key market events.

In fact, if you look at the Euronext FTSE-100 futures 2min chart and the U.S. Eminis 2min chart @ 1028am est, you can see that I exploited a Dark WRB to cover my remaining contracts in a very profitable Short position as shown in the below chat log @ 1030am est.

Further, later in the trading day, that 1030am est became a key s/r zone until prices finally push below it via a Dark WRB @ 1316pm est.

By the way, speaking of the U.K, one of my favorite singers when I was going thru puberty in the late 70's was Blondie. I would listen to my tape cassettes of her music as I was studying helping my step father study the financial markets.

Today, I still listen to music while trading and I own all of her songs on CD. Anyways, she's been sexy to me as long as the market has been to me.

General Strategy Info: Currently, I'm exclusively trading the Russell 2000 Emini ER2 futures even though my strategies are applicable and profitable on all the trading instruments listed towards the bottom of this webpage along with my past trade journals showing consistent profits in other trading instruments prior to exclusively trading Emini Futures ER2.

In addition, I use a rule based (no subjectivity) methodology via my best strategies involving WRB Analysis. However, there are other key variables integrated with WRB Analysis that involves simple concepts of intermarket analysis, market seasonal tendencies, volatility analysis, support/resistance zones and position size management along with custom Japanese Candlestick patterns to complete my trading plan that results in consistent profits.

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. Also, I use the user name NihabaAshi in the below trade posting chat log.

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 May 14 09:29:22 2007Session Ident: #futurestrades

* Now talking in #futurestrades 09:29

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

* Looking up JavaGuest user info...

<PapaJon> gm all

<kei> good morning folks 09:31

<NihabaAshi> Long ER2 @ 831.30 -> large size 09:32

Exited 2/3 ER2 Long @ 832.60 --> + 1.3 09:35

<eminitrader> nice start niha :)

<NihabaAshi> Exited ER2 Long @ 833.40 --> + 2.1 09:36

Holding 2 contracts just in case I got lucky and caught a trend day. 09:39

<jperl> VWAP pivots shown here.... 09:44

http://charts.dacharts.com/2007-05-14/JP ERL_011.png

<NihabaAshi> Exited Remainder ER2 Long @ 832.00 --> + 0.7 09:50

:(

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 with a money back guaranteed policy...click here.

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)

<pat255> gm all... 09:51

<jperl> ER2 VWAP 832.27 09:56

Peak Volume 832.40

<NihabaAshi> Reminder -> #FuturesTrades chat room trade logs are posted @ http://www.thestrategylab.com/RecentTrad es.htm (logs will be updated tonight by 9pm est to include today's log) 09:57

<Chilly> Long ES @ 1514.50

<NihabaAshi> Shorts ER2 @ 832.20 -> small size 10:00

2 contracts only

<Chilly> Exited ES Long @ 1513.50 --> - 1 10:01

Reverse and Enter Short ES @ 1513.50

<eminitrader> Long ES @ 1513

<NihabaAshi> Covered 1/2 ER2 Short @ 831.10 --> + 1.1

<pat255> vn.. 10:02

just watch today...@office

wow a big red bar on 3 min.. 10:03

<Chilly> Covered all ES Short @ 1512.25 --> + 1.25

<eminitrader> Long ES @ 1512.25 -> Add

<NihabaAshi> I was too slow to exploit the bearish info that came into the market around 0944am est... 10:04

Yet, I was able to finally jump on a short when that "little" counter-thrust failed.

<pat255> niha eco info ? 10:05

<NihabaAshi> No...just some intermarket analysis with Europe, Oil and Gold. 10:06

<pat255> kty

<Chilly> Long ES @ 1513.25 10:10

<AmazingJason> Shorts ER2 @ 830.90 10:12

<NihabaAshi> I'll be watching closely how the DAX responds to the German Leading Index @ 1030am est to see if it will lead the U.S. Eminis into the next key price movement. 10:14

<Chilly> Exited ES Long @ 1512.25 --> - 1

Reverse and Enter Short ES @ 1512.25

<ItalianSharp> niha, isn't it the British leading index comin out at 10.30? 10:15

<AmazingJason> Covered 1/3 ER2 Short @ 830.20 --> + 0.7

Covered Remainder ER2 Short @ 830.80 --> + 0.1 10:16

<NihabaAshi> Ooops...yes...meant that.

In that case, will be watching the FTSE100 10:17

<AmazingJason> Shorts ER2 @ 830.80

Covered 1/3 ER2 Short @ 829.70 --> + 1.1 10:19

<jperl> 1 month VWAP 829.44 10:20

<eminitrader> Exited all ES Long @ 1511,25 --> + 1511,25 - 1513 + 1511,25 - 1512.25

<AmazingJason> Covered 1/3 ER2 Short @ 829.40 --> + 1.4 10:21

<pat255> vn

<jperl> peak volume now 830.70 10:22

<les> Shorts ER2 @ 829.3 10:25

<Chilly> Covered all ES Short @ 1511.00 --> + 1.25

:( 10:26

<eminitrader> Long ES @ 1510

<jperl> Friday's VWAP 828.41 10:27

<les> exit stop lowered ER2 @ 829.2 10:30

<NihabaAshi> Covered Remainder ER2 Short @ 827.90 --> + 4.3

I caught a WRB pt3 exit :)

<AmazingJason> Covered Remainder ER2 Short @ 827.90 --> + 2.9 10:31

<NihabaAshi> That's a perfect example why there are some trading days when the Europe price action leads the U.S. price action.

<AmazingJason> i think this may have a bit further to go down later in the day

may stall here for now 10:32

<NihabaAshi> Reason why we can't get "tunnel vision" and only watch our trading instrument.

Thank you FTSE100 :) 10:33

<Chilly> Long ES @ 1511.00 10:34

<eminitrader> Exited 1/3 ES Long @ 1511 --> + 1

<les> Covered all ER2 Short @ 828.4 --> + 0.9 10:35

<NihabaAshi> Thanks ItalianSharp because I would have been watching the wrong "leading" price action (DAX) had you not caught my error to inform me its the UK (FTSE100) that has the 1030am est Leading Index Report.

<les> prob go back down, so looking at next leg

<eminitrader> Exited 1/3 ES Long @ 1512 --> + 2 10:40

<jperl> ER2 peak volume now 829.30 10:48

VWAP 830.73

<Chilly> Exited 1/2 ES Long @ 1512.00 --> + 1 10:49

exit stop set ES @ 1511.25

<eminitrader> Exited Remainder ES Long @ 1512.75 --> + 2.75

<Chilly> good work EMT 10:50

<eminitrader> thx chilly...

u too :))

<Chilly> thx

Exited Remainder ES Long @ 1512.25 --> + 1.25 10:53

<jperl> I'm done for the morning.....trades here....

<Chilly> nobody's taking my limit order exits today :(

<jperl> http://charts.dacharts.com/2007-05-14/JP ERL_012.png 10:54

note...all trades were contertrend longs

<eminitrader> Shorts ES @ 1512.25 10:59

Covered 1/2 ES Short @ 1510.75 --> + 1.5 11:03

<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) 11:04

<les> Long ER2 @ 828.6 11:14

<AmazingJason> Shorts ER2 @ 828.90 -> small size 11:17

<pdays> Shorts ER2 @ 829.3 11:19

<AmazingJason> Shorts ER2 @ 829.30 -> Add 11:20

<pdays> Covered all ER2 Short @ 829.0 --> + 0.3 11:21

<Brutus> Long ES @ 1510.25 «« paper »» 11:30

exit stop set ES @ 1509.5 «« paper »» 11:32

<AmazingJason> Shorts ER2 @ 829.80 -> Add 11:37

<Chilly> Long ES @ 1511.25 11:38

<AmazingJason> Shorts ER2 @ 830.20 -> Add

<Chilly> Long NQ @ 1902.50 11:39

<les> Exited 1/2 ER2 Long @ 830.5 --> + 1.9

<RussellDaytrade> looks up to me

<NihabaAshi> Looks like that 1030am est price action has establish a nice s/r zone to look for pattern signals.

<les> i think it might hang around here for a bit

<RussellDaytrade> I'm reering to the next couple hours or so, amy have sha;llow p/b's along the way, etc, buy up in a general way, perhapos a couple bucks or so 11:41

refering

typos galore 11:42

<NihabaAshi> Be right back...switching computers. 11:52

* NihabaAshi is now known as NihabaAshi_away

* DisconnectedSession Close: Mon May 14 11:52:39 2007

Session Start: Mon May 14 12:12:59 2007Session Ident: #futurestrades

* Now talking in #futurestrades 12:12

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

<AmazingJason> Shorts ER2 @ 829.70 -> Add 12:14

<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) 12:16

<AmazingJason> Shorts ER2 @ 829.60 -> Add 12:46

<les> Exited all ER2 Long @ 829.4 --> + 0.1 13:04

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<AmazingJason> this market is very resilient

Covered 1/2 ER2 Short @ 828.50 --> + 1.1 13:05

Covered 1/4 ER2 Short @ 826.70 --> + 2.2 13:15

<Brutus> Exited ES Long @ 1509.75 --> - 0.5 «« paper »» 13:20

<Chilly> Exited all NQ Long @ 1899.50 --> - 3

<AmazingJason> Shorts ER2 @ 827 -> Add 13:24

Shorts ER2 @ 827.7 -> Add 13:26

<AmazingJason> Covered 1/4 ER2 Short @ 826.40 --> + 1.3

<Brutus> Bush is speaking

* NihabaAshi was kicked by NihabaAshi_away (NihabaAshi) 13:36

<AmazingJason> Covered Remainder ER2 Short @ 825.50 --> + 3.4 13:38

ok that's it for me today 13:40

<Chilly> Exited all ES Long @ 1508.25 --> - 394.25 13:45

oops

should be -3 and puts me flat for day 13:46

<eminitrader> Long ES @ 1507.50 13:53

Exited all ES Long @ 1506.50 --> - 1 13:57

<Chilly> Long ES @ 1506.25 14:02

Exited all ES Long @ 1504.25 --> - 2 14:05

big volume coming in

<Brutus> The Bush effect 14:13

* NihabaAshi_away is now known as NihabaAshi 14:14

<Brutus> 13-32 US 6-MONTH BILLS: 4.735%; 33.97% At High 14:21

Shorts ER2 @ 1506.25 «« paper »» 14:29

<ItalianSharp> nice counterthrust upward by eminis 14:33

<RussellDaytrade> made money all day, mostly on the long side...will be happy when I actually trade with the market. :) looks about time to go long again 14:37

<jperl> finished for the day....todays P/L here.... 15:07

http://charts.dacharts.com/2007-05-14/JP ERL_013.png 15:08

* NihabaAshi is now known as NihabaAshi_away 15:30

<RussellDaytrade> how can I stay in my winning directional trades longer, to extract more profits? 16:03

<NihabaAshi_away> RD...the best way I know how to stay in winning trades much longer are to know "market seasonal tendencies (cycles)". 16:31

They don't happen every day, more like a few times per month but when they do...you can milk them. 16:32

Anyways...

Take care all and see all tomorrow.

<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) 17:01

* DisconnectedSession Close: Mon May 14 20:18:09 2007 20:18

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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

Last of all, if you have any questions about any of the above commentary, specific trades et cetera...

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