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#FuturesTrades May 29th Tuesday 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

Mechanical Trading Systems

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.

Upon returning back from vacation, I will update this webpage with the WRB Analysis for May 29th Tuesday.

Further, 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: Tue May 29 09:31:29 2007Session Ident: #futurestrades

* Now talking in #futurestrades 09:31

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

<PapaJon> so.. i take it that schools out in your neck of the woods? 09:32

<Awash> yepper

<PapaJon> cool

* NihabaAshi is now known as NihabaAshi_away 09:34

<eminitrader> Shorts ES @ 1521 09:35

Covered 1/2 ES Short @ 1519.50 --> + 1.5 09:41

Covered 1/3 ES Short @ 1520 --> + 1 09:45

<intowin> 10 am report may bring bounce 09:46

<eminitrader> Covered Remainder ES Short @ 1521 --> 0

Long ES @ 1522.50 10:03

2 only

<pat255> em says 2 only that is full lot for me ...lol 10:04

<eminitrader> :)

reason pat is that i had buy limits @ 1521.50 which was not filled 10:05

so just the 1st lot got filled

<pat255> ah ha ..k thks em.. 10:06

<eminitrader> Exited all ES Long @ 1522.50 --> 0

will re enter @ 1521and below 10:07

<RussellDaytrade> iI think it just rang the bell to the upside, I have down targets on

Trading Edge:
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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> Long ES @ 1521

<jperl> ER2 VWAP 836.65 10:11

<eminitrader> Exited 1/2 ES Long @ 1522.50 --> + 1.5 10:17

losing patience here.. 10:22

Exited Remainder ES Long @ 1521 --> 0 10:23

<jperl> ER2 @ VWAP 836.83....

time for a break....trades here....

http://charts.dacharts.com/2007-05-29/JP ERL_0115.png 10:24

<Chilly> Shorts ES @ 1521.25

<eminitrader> Long ES @ 1521 10:26

<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) 10:27

<eminitrader> exit stop raised ES @ 1520.50 10:29

2 tick stop

Exited 1/3 ES Long @ 1522 --> + 1 10:30

exit stop moved to breakeven ES @ 1521 10:31

Exited 1/3 ES Long @ 1522.50 --> + 1.5

<MVzla> gm 10:33

<eminitrader> Exited Remainder ES Long @ 1521 --> 0 10:34

<venedom> gm

<eminitrader> looks like the floors in @ 1521 10:35

be back .. 10:37

<Chilly> Covered all ES Short @ 1522.25 --> - 1 10:43

<eminitrader> Long ES @ 1522.50 10:46

exit stop moved to breakeven ES @ 1522.50 10:53

Exited 1/3 ES Long @ 1523.50 --> + 1 10:54

Exited Remainder ES Long @ 1522.50 --> 0 10:57

<venedom> Shorts ES @ 838.40 11:00

* Awash is now known as Awash_breakfast 11:01

<eminitrader> Shorts ES @ 1522.50 11:02

<Chilly> Shorts ES @ 1522.75 11:06

<eminitrader> :)

<Chilly> Covered 1/2 ES Short @ 1521.75 --> + 1 11:07

<venedom> Covered all ES Short @ 837.40 --> + 1

<eminitrader> Covered all ES Short @ 1522.50 --> 0 11:11

<Chilly> Covered Remainder ES Short @ 1522.75 --> 0 11:12

ES not quite ready to clunk to 1508 yet ... 11:14

<eminitrader> Long ES @ 1522 11:23

Exited 2/3 ES Long @ 1523.50 --> + 1.5 11:34

exit stop moved to breakeven ES @ 1522

<ItalianSharp> looks like all eminis are waiting for YM to breakout...YM has been the most bearish of all today 11:38

<eminitrader> Exited Remainder ES Long @ 1522 --> 0 11:50

<Chilly> lots of good scalps for you EMT 11:51

<eminitrader> yes C...done for today ...unless threr is a good move eiher way 11:52

<RussellDaytrade> if you don't like the weather, wait 20 minutes 11:53

unless of course, you happen to be in Seattle 11:54

<jperl> ER2 peak volume @ 838.40, VWAP 837.66 11:57

<RussellDaytrade> very nice 12:00

<jperl> ER2 @ weekly VWAP 835.37 12:15

<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) 12:33

<jperl> ER2 peak volume now 835.20 13:56

VWAP 836.90

* codehead_afk is now known as codehead 14:04

<jperl> ER2 back to VWAP 836.67 15:03

I'm done for the day.....P/L here....

http://charts.dacharts.com/2007-05-29/JP ERL_0116.png 15:04

* Awash_breakfast is now known as Awash 15:12

* Awash is now known as Awash_away 15:30

<werner> gn all 15:45

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<RussellDaytrade> the bulls pull out another one 15:49

<ItalianSharp> yep RD...and I am one of them today...:) 15:53

nice rally to finish the day... 15:54

guess markets were being hammered by oil prices losing more than 3% at some point

as soon as oil made up some ground, eminis rallied

<RussellDaytrade> alright, glad to hear it IS...I am inclined more to shorts, selectively 15:55

* DisconnectedSession Close: Tue May 29 16:50:46 2007 16:50

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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.

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.