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#FuturesTrades May 30th Wednesday 2007 Trade Log

Russell 2000 Emini ER2 Futures

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

On vacation until June 2nd Saturday

Current Performance Record

Commodity Trader's Almanac 2007

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 30th Wednesday.

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: Wed May 30 09:18:54 2007Session Ident: #futurestrades

* Now talking in #futurestrades 09:18

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

* NihabaAshi is now known as NihabaAshi_away 09:19

<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) 09:21

<jperl> ER2 VWAP pivots shown here.... 09:27

http://charts.dacharts.com/2007-05-30/JP ERL_0117.png

<RussellDaytrade> this may be about the best example of why I am preferencing the short-side...closed the short in the pre-open...my dnside target for this is 832.17, but under the circumstances, it may well go lower 09:29

<PapaJon> gm all 09:30

<pat255> gm all 09:31

<base> morning 09:32

<Chilly> Long ES @ 1515.75 09:53

Exited 1/2 ES Long @ 1516.75 --> + 1 09:55

Exited Remainder ES Long @ 1516.00 --> + 0.25 09:56

<karsat> nice pop in er2 09:59

<pat255> em u L? 10:00

<szubaark> Shorts ES @ 1517 «« paper »» 10:02

<Chilly> I believe oil report is tomorrow at 10:30 ..so just FOMC minutes today at 2pm est

<szubaark> exit stop set ES @ 1518 «« paper »» 10:03

Covered all Short ES at 1518 --> - 1 «« paper »» 10:09

Buys ES @ 1518.25 «« paper »» 10:27

* lesAway is now known as les

<szubaark> exit stop set ES @ 1517.50 «« paper »» 10:29

<les> Long ER2 @ 836.8 10:31

<karsat> Long ER2 @836.5

<intowin> You holding out for a short emini? 10:32

<Brutus> Shorts ES @ 1519

exit stop set ES @ 1521 10:33

<szubaark> exit stop set ES @ 1518.25 «« paper »»

Exited all Long ES at 1518.25 --> 0 «« paper »»

<les> Exited ER2 Long @ 835.6 --> - 1.2 10:34

Reverse and Enter Short ER2 @ 835.6

<szubaark> Shorts ES @ 1517.25 «« paper »»

<pat255> nice reverse ..

<les> nope

was stupid entry in first place

only realised it too late

but thx anyway :)

<pat255> u mean should have taken S instead of L? 10:37

<les> essentially yes

i dint see the short building, was only focused on the long elements

bad idea

c'mon guys, sell, its much too expensive 10:41

and anyhow i want my money u stiole

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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)

<jperl> ER2 near VWAP 834.50.... 10:43

I'm done for the morning....

trades here....

http://charts.dacharts.com/2007-05-30/JP ERL_0118.png

Was slapped around a lot this morning

<eminitrader> 10:32:30] <intowin> You holding out for a short emini? - late reply ...sorry intowin - no trades for me today 10:45

* Awash_away is now known as Awash

<eminitrader> but i wld be long @ 1516.25 with a 4 tick stop 10:46

<intowin> gotcha

<grabthemoney55> gm

<les> Covered 1/2 ER2 Short @ 834.8 --> + 0.8

<venedom> gm

<eminitrader> thats a fib from this am swing...scalp and maybe if lucky gap fill :)) 10:47

long confirmed by pa now 10:48

<les> pa?

<eminitrader> so move stop tp 1515.75 now

t 1 hit ..move stop b/e

<pat255> em u got 1561?

1516..

<eminitrader> sorry meant 1516 10:49

<RussellDaytrade> they musta heard you somewhere, price jmped as soon as you finished writing...er didn't play-along

<pat255> as usual i missed it ..thks for pointing em tho

<eminitrader> i did'nt take this either pat 10:50

<RussellDaytrade> I gotta dnside target near the 830 area

<pat255> 1516 area was right 10:51

<les> Covered Remainder ER2 Short @ 834.9 --> + 0.7

huge battle now in this area

<RussellDaytrade> 830 arae, if fulfills, is hours away 10:52

<les> qverage 1600 contracts traded per 2min interval

for last 6mins

<eminitrader> pa = price action les

<les> k thx, might also have = point A

:) 10:53

<eminitrader> lol

<les> i'm not very clever and am easily confused

<eminitrader> looks like gap fill ES

<venedom> Long ES @ 835.10

<eminitrader> k...we got 2 pm fed min..so maybe chop 10:54

<les> venedom... i think u have incorrest contract selected in the script

<grabthemoney55> er

<venedom> sorry thanks 10:55

<les> yw

not that it matters, i think we knew what u were trading :)

dunno about the fed minutes em... 10:56

<venedom> ok but better these way I had a complete electrical failure , lots of damaged and had to buy new computers and just yesterday was able to be back online id not set the parameters

<les> i researched back a few months once and found a whole lotta treend days :)

<venedom> Exited all ER2 Long @ 835.60 --> + 0.5 11:07

<eminitrader> looks like 1518.50 is good for a sell 11:11

<ItalianSharp> Italy's Prodi says strong Euro may be on the G-8 agenda

it's about time 11:12

les, do you think the UK will ever join the Euro currency?

<les> not in foreseeable future

too much anti Europe prejudice stil 11:13

some of these idiots think napoleon and hitler are still alive 11:14

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<ItalianSharp> from an European standpoint, if I were a Brit I wouldn't want to join

<les> why not? 11:15

<GoodMood> some time in near future they must join at not so comfortable conditions

<eminitrader> for one the pound is a lot stronger than the euro

<les> em, that can change very easily 11:16

maybe not soon, but it can

<eminitrader> how les..its almost 2times euro

<ItalianSharp> the EU is a big mess...Eastern European countries like Romania, Poland, etc just joined...you have no idea how much trash Europe is going to become...no disrespect intended for Romanians or Polish...who are good people...I am referring to crime and unemployment

<les> to me the issues are political, not economic

<GoodMood> I agree with les

<ItalianSharp> heck, there are even concrete plans to admit Turkey in teh EU 11:17

<les> my reason is that the alternative for Britain is to be US-centric

and thats a very bad idea, esp when there's a republican in the WHouse

<eminitrader> exactly IS ...with these countries in euro ...its tough to maintain stability

<ItalianSharp> Turkey is a great country, i went to visit a few times and their economy is growing...but still, what about the religious consequences of allowing Turkey to join?

<les> we get dragged into the conflicts they create 11:18

<ItalianSharp> think about the overall EU picture within the next 10yrs:

<les> mind u thatcher did the same to the US in a way over the falklands

<eminitrader> true that was for less than a week les

<les> at last er2 has awaoken, tho still drowsy

when clinton was around he didnt put that kind of prssure on Britain 11:19

or my own country, SAfrica

i know someone very high in SA Govt, treasury dept 11:20

<ItalianSharp> Italians very catholic with the Pope and the Vatican City...we got the French who always like to bitch about everything...we would have Turkish muslims and poor Eastern European countries on the list...by the way, Turkey inflation rate ranges between 15-20%...

<les> he says its a bitch dealing with US administration since Bush got in

<ItalianSharp> this is why I am in a state of shock to see the Euro so weak...it can't be due to EU...it's more of a US economic move to grant a soft landing for US economy

Euro so strong...sorry 11:21

<les> oh? whats the connection?

<ItalianSharp> whoever invests in the Euro currency must be aware of the load carried by the EU economy 11:22

I laugh at those who try to get cute by saying the Euro will hit 1.50

if the euro ever gets to 1.50 i am going to sell my house and buy dollars 11:23

seriously...i'll live under a bridge until i can afford to buy other 4-5 houses...:))

<les> er2 having a look at HOD maybe

<Brutus> Covered ES Short @ 1521 --> - 2 11:25

<les> IS.. u in USA or Italy?

<ItalianSharp> italy 11:26

<les> ah

nice country...

remionds me of home

<eminitrader> IS = Italian Sharp

<ItalianSharp> yes indeed...nice for holidays not very nice to live here with all these corrupted politicians

<les> true, mind u we got those here too

<ItalianSharp> i guess politicians are corrupted everywhere 11:27

<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)

<werner> not in holland

hihi

<venedom> come to venezuela to see corruption

<les> nope not holland

they all dead straight there

<werner> :)

<les> :)

<ItalianSharp> i lived in holland for 2 yrs but never met a politician...:) 11:28

<werner> lol

<les> i lived there for 3 months once

<werner> where?

<les> Scheveninigen

<werner> aha 11:29

nice

<les> near the Hague, for those who dont know

<werner> on the beach

<les> yeah, it is a nice place

well it was mid-winter

<ItalianSharp> i lived in eindhoven...the PHILIPS town

<werner> aha

<ItalianSharp> in fact, i used to work for PHILIPS...lol

<werner> i live near nijmegen 11:30

<ItalianSharp> nearby

45mins away from eindhoven right?

maybe 1hr

<werner> y

<ItalianSharp> i loved holland for many things...nice country

<werner> thnx

<ItalianSharp> i would say it's the most civilized country of EU 11:31

very nice women too...if i am allowed to say this in a trading chat

<werner> wizardo... lives also in hooland

holland 11:32

<ItalianSharp> asuni is from italy as well

he's away for holidays now

<werner> aha

i met wiz twice 11:33

is a very good trader

<ItalianSharp> really? that's cool

<werner> yy

<ItalianSharp> where did you guys meet?

<werner> in belgum 11:34

<ItalianSharp> why in belgium?

<werner> at a chat meeting

<ItalianSharp> wait...i am not getting it

chat meeting? who was there besides you 2?

<werner> ather traders 11:35

sorry my englisch is not well

a trader meeting

<ItalianSharp> ok...got ya

<les> Shorts ER2 @ 836.6 11:36

Covered ER2 Short @ 837.3 --> - 0.7 12:06

Reverse and Enter Long ER2 @ 837.3

Exited ER2 Long @ 837.6 --> + 0.3 12:09

Reverse and Enter Short ER2 @ 837.6

jeez

<jperl> it's that kind of day les

<les> i know :)

tho not earlier on for me

Covered all ER2 Short @ 838.3 --> - 0.7 12:17

ok i give up :)(

bak at 2pm

* les is now known as lesAway 12:18

<RussellDaytrade> I think it just rang the bell 12:22

<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) 13:30

<pat255> wonder Niha trading the fomc...? 13:53

<ItalianSharp> niha is on vacation for the week pat 13:54

<pat255> k...thks

* lesAway is now known as les 14:02

<ItalianSharp> classic up-down-up move... 14:09

what will the real move be?

wow...they are shaking it good 14:14

is anyone understanding what's going on? i can't...to me trading this is like gambling

<werner> i wait 30min ;) 14:16

<grabthemoney55> choppy around here 14:18

<les> Shorts ER2 @ 839.2 14:22

oh well 14:28

Covered all ER2 Short @ 841.5 --> - 2.3

thats me done today 14:30

<pat255> back....les ...:(

<ItalianSharp> heavy selling right now...50 cars being sold in bunches in YM 14:42

guess it's profit taking...heck, you can't be too greedy

<jperl> done for the day.....trades here... 14:58

http://charts.dacharts.com/2007-05-30/JP ERL_0119.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) 15:33

<RussellDaytrade> what goes up must come down...just gotta go up first. 15:39

* DisconnectedSession Close: Wed May 30 22:06:52 2007 22:06

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

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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

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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

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