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#FuturesTrades May 25th Friday 2007 Trade Log

 

Russell 2000 Emini ER2 Futures

Today Month Year
+0.0 +249.20 +1380.40
$0 $24,920 $138,040

I'm on a no trading vacation

 

Current Performance Record

Charting Commodity Market Price Behavior

Profit/Loss Statement

 

Today's WRB Analysis: I'm on a no trading vacation until June 2nd due to entertaining relatives that are visiting me for their vacation. However, I did find some time to post an in-depth WRB Analysis of today's price action at the below link.

http://thestrategylab.com/forum/index.php?board=43.0

In fact, on a few occasions each month, I will post my WRB Analysis for the trading day at the above link along with posting a notification about such here.

However, although I'm on a no trading vacation, I am still recording #FuturesTrades chat room log and responding to any email questions about resources of TheStrategyLab.com

Therefore, today's #FuturesTrades trade posting and market commentary chat log is posted below to show what occurred with the room members.

Note: I don't post charts to reflect all the above commentary because I want you to open your own charts to correlate with my comments so that familiarity will help ensure that the price action being described by me is researched and that in itself will help you understand a little more about the price action.

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: Fri May 25 09:33:20 2007Session Ident: #futurestrades
* Now talking in #futurestrades09:33
<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTra desChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrad es.htm
<NihabaAshi> Good morning all...I'm officially on a vacation to hang out with relatives that have flown in from the U.S.09:34
<pat255> ah ha nice ..
<NihabaAshi> I'll be on vacation until June 2nd

However, I will still maintain the daily chat logs, respond to email and manage the website as normal except that all work will be done late at night.09:35

Simply, no trading and no monitoring the markets during the day.09:36

Take care and you can always leave me a message in here during the trading day if needed or send email.
* NihabaAshi is now known as NihabaAshi_away
<intowin> Have fun..
<pat255> enjoy ...c u later
<PapaJon> Yes.. enjoy your break09:37
<szubaark> bye
<ItalianSharp> bye niha
* lesAway is now known as les09:39
<intowin> lets c if existing home sales does what new home sales did yesterday.09:40
<base> gm all09:41
<intowin> gm09:42
<eminitrader>  Shorts ES @ 1515.50 09:43
<jperl> ER2 bouncing around between two pivots....828.22 to 830.52

http://charts.dacharts.com/2007-05-25/JP ERL_0111.png09:45
<pat255> em will not allow the mkt to go up...:)09:46
<eminitrader> shld have taken 1514.50

2 contract trades only today ...so wanted more :(
<ItalianSharp> emini, what's your average size?09:47
<pat255> be careful low vol ..
<intowin> here it comes
<eminitrader> dependindingon the day/set-up max of 20

Covered 1/2 ES Short @ 1514.50 --> + 1
<ItalianSharp> wow...impressive when you up your size to 20 cars09:48
  
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) 
  
<eminitrader> yeah pat ...no more than 2 lots today

only on trend days and change of trend days...my best det-ups are on...09:49

more generally 10 cars IS
<szubaark>  Shorts ES @ 1515 «« paper »» 09:50
<eminitrader>  Covered Remainder ES Short @ 1515.50 --> 0
<les>  Long ER2 @ 830.3 09:51
<eminitrader>  Shorts ES @ 1516
<les>  Exited all ER2 Long @ 830.8 --> + 0.5
<intowin> existing home sales 8 minutes09:52
<eminitrader> ym not agreeing with ES
looks like a fade on the S
ES
Covered 1/2 ES Short @ 1514.50 --> + 1.5
<ItalianSharp> looking at the charts in these first mins...i am starting to feel sick to my stomach...09:53

classical chop ahead of news
<eminitrader> know its not worth the ticks..
<ItalianSharp> exactly...the risk is to also find yourself stuck in a bad trade ahead of the news...09:54
<Fleneer> well, I try to guess which way it will go and place a bracket trade with a tight stop. risk a little and spin the wheel.09:57
red or black red or black such a choice.....
<eminitrader> :)
<les> <iNews> 10:00ET US APRIL EXISTING HOME SALES RATE LOWEST SINCE 5.94 MLN IN JUNE10:00
<eminitrader>  Covered Remainder ES Short @ 1515 --> + 1
<szubaark>  Covered all Short ES at 1515 --> 0 «« paper »» 10:06
<werner> gm all10:13
<szubaark>  Shorts ES @ 1515.50 «« paper »» 10:24
<Brutus>  Long ER2 @ 1516.25 «« paper »» 10:30
<eminitrader>  Shorts ES @ 1517 10:31
<Brutus>  exit stop set ER2 @ 1516.25 «« paper »» 10:34
<Chilly>  Shorts ES @ 1516.75 10:35
<les>  Shorts ER2 @ 831
<eminitrader>  Covered all ES Short @ 1517.50 --> - 0.5 10:37
<szubaark> slow, controlled upcreep
<eminitrader> u maybe right szu
<Chilly>  Covered all ES Short @ 1518.25 --> - 1.5 10:38
<les>  Covered ER2 Short @ 831.8 --> - 0.8 10:39
Reverse and Enter Long ER2 @ 831.8
<Chilly> bad entry :(
<eminitrader> upto 1522 from 1517 is yest retracement area...
<Brutus>  Exited 1/2 ER2 Long @ 1518.75 --> + 2.5 «« paper »»
<jperl> ER2 next pause @ 832.98
<eminitrader> no wonder its stalling around here
<Brutus>  Exited 1/4 ER2 Long @ 1519.5 --> + 3.25 «« paper »» 10:40
<eminitrader> very nice B ..
<Brutus>  Exited all ER2 Long @ 1520.25 --> + 4 «« paper »» 10:41
<szubaark>  Covered all Short ES at 1520.50 --> - 5 «« paper »»
<jperl> ER@ @ weekly VWAP 832.97
<les>  Exited 1/2 ER2 Long @ 832.8 --> + 1
<Brutus> fib 50%
<eminitrader>  Shorts ES @ 1520

15220.25 is 50 fib on the ES10:42

Covered 1/2 ES Short @ 1519 --> + 1 10:47

be back10:48
<jperl> done for the morning....P/L statement here....10:49
http://charts.dacharts.com/2007-05-25/JP ERL_0112.png
<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)10:50
<szubaark>  Shorts ES @ 1518.25 «« paper »» 10:51
<eminitrader> nice set-up @50% fib confirmed by pa...shld see if it will hold up...10:54

exit stop moved to breakeven ES @ 1520 10:55
<Chilly>  Shorts ES @ 1519.00 10:56
<eminitrader> may bounce from 1516-1518 area ..hope it does'nt get my stop10:58
<Brutus> If it was going to go down it would have done so in the 1st hour imo, Could be a good pullback but I think with the holiday they will take it up on the low volume in the pm11:01
<eminitrader> well never know till it happens11:02
<Brutus> yep
<eminitrader> whichever way..doesn''t matter to me..i'm done after this one11:03
<Chilly>  Covered all ES Short @ 1517.75 --> + 1.25 11:12
back in black at least
<les>  Long ER2 @ 831 11:19

Exited ER2 Long @ 830.4 --> - 0.6 11:23

Reverse and Enter Short ER2 @ 830.4
<eminitrader>  Covered Remainder ES Short @ 1517 --> + 3
<jperl> ER2 VWAP 830.4411:24
<eminitrader> some change for pizza's this wkend ...:))
see u all tues ...have a good one
<Chilly> c ya
<Brutus> cu mate
<eminitrader> bye C, B11:25
<Brutus>  Long ER2 @ 829.8 «« paper »» 11:30
exit stop set ER2 @ 829.3 «« paper »» 11:31
Exited 1/2 ER2 Long @ 830.8 --> + 1 «« paper »» 11:36
Exited ER2 Long @ 830.9 --> + 1.1 «« paper »» 11:38
Shorts ER2 @ 831.3 «« paper »» 11:40
Covered 1/2 ER2 Short @ 830.8 --> + 0.5 «« paper »»
Covered ER2 Short @ 830.6 --> + 0.7 «« paper »»
<Russelldaytrade> B, since you have traded es and er, and switching between the two, what are your thoguhts on the merits of each, and which do you prefer to trade?11:41
<Brutus> er 5s better for scalps, but you have to concenrate more, cant type rd have baby in my arms11:43
<Russelldaytrade> lucky you! carrying around my daughter when she was young about wore out my left arm and shoulder, and I loved every moment of it11:44
* codehead_afk is now known as codehead12:00
<Brutus>  Long ER2 @ 1515.5 «« paper »» 12:08

exit stop set ER2 @ 1514.5 «« paper »»

Exited ER2 Long @ 1514.5 --> - 1 «« paper »» 12:11

Long ER2 @ 1513.75 «« paper »» 12:24

exit stop set ER2 @ 1512.75 «« paper »»

Exited ER2 Long @ 1512.75 --> - 1 «« paper »» 12:27
<Russelldaytrade> looks up12:55
<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)12:56
<szubaark>  Covered all Short ES at 1517 --> + 1.25 «« paper »» 13:11
Buys ES @ 1516.75 «« paper »» 13:12
<codehead> short QM 64.95 <paper>14:15

add QM 65.10 <paper>14:21

i guess they don't want to rinse oil going into the long weekend14:29
<Brutus>  Long ER2 @ 1517 «« paper »» 14:42
Exited 2/3 ER2 Long @ 1517.75 --> + 0.75 «« paper »» 14:44
Exited all ER2 Long @ 1518.25 --> + 1.25 «« paper »» 14:45
<jperl> done for today.....P/L here14:52

http://charts.dacharts.com/2007-05-25/JP ERL_0113.png
<codehead> what trading platform you use, jp?14:53
<jperl> Interactive Brokers with Zerolinetrader front end
<codehead> ic, thx
<GoodMood> jperl: why do u use an additional front end instead of TWS only ?14:56
  
WRB Analysis
  
<jperl> zeroline trader provides a very good DOM trading window with one click scale ins and reversals
<codehead> oh yeah, exit QM 65.20 <paper>volume dried up eod for a change14:58
<werner> gn all15:59
<szubaark>  Exited all Long ES at 1517.50 --> + 0.75 «« paper »» 16:05
* DisconnectedSession Close: Fri May 25 17:23:29 200717:23
  
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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.

  

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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 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...

Don't hesitate to ask your questions and we'll reply back as soon as possible.

Sincerely,

M.A. Perry and Associates

TheStrategyLab.com

 questions@thestrategylab.com

"The point of this whole exercise is to make money. Everything else is just conversation." --Jonathan Hoenig

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