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#FuturesTrades May 31st Thursday 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

Candlestick Pivot Point Trading Triggers

Today's WRB Analysis: I'm on a no trading vacation from May 25th Friday until June 2nd Saturday 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 31st Thursday.

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: Thu May 31 09:30:28 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

* NihabaAshi is now known as NihabaAshi_away

* lesAway is now known as les 09:31

<jperl> ER2 bounced off the 845.74 pivot 09:32

<PapaJon> gm all 09:33

<Awash> howdy all 09:37

<les> ere2 just made alltime high 09:39

er2

<PapaJon> yep... perky little devil 09:40

<eminitrader> Long ES @ 1526.50 09:42

oops

Long ES @ 1536.50

Exited 1/3 ES Long @ 1537.50 --> + 1 09:44

Exited ES Long @ 1537 --> + 0.5 09:46

Reverse and Enter Short ES @ 1537

<base> gm all 09:47

<eminitrader> Covered 1/3 ES Short @ 1536 --> + 1 09:48

Shorts ES @ 1537 -> Add 09:52

<jperl> ER2 peak volume now 849.30 09:53

<karsat> test message to keep my conection alive

<Chilly> Shorts ES @ 1536.25 09:58

<eminitrader> Covered ES Short @ 1537.50 --> - 0.5 10:01

Reverse and Enter Long ES @ 1537.50

<Chilly> Covered all ES Short @ 1538.00 --> - 1.75

<eminitrader> looks like we got taken C :( 10:02

<karsat> test message to keep my conection alive

<Chilly> bastids

<eminitrader> Exited ES Long @ 1536.50 --> - 1 10:03

Reverse and Enter Short ES @ 1536.50

<Chilly> Shorts ES @ 1535.75 10:04

see if I can hang in for possible M test of top on 3m 10:07

<szubaark> Whipsaw Galore

<Chilly> yep, otherwise too choppy for me 10:08

<eminitrader> if it tests 1538 again ..most prolly brek it

<Chilly> agree E

<jperl> ER2 VWAP 848.71 10:09

ER2 @ VWAP 10:11

<eminitrader> Covered 1/2 ES Short @ 1535 --> + 2

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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)

<Chilly> Covered 1/2 ES Short @ 1534.75 --> + 1 10:12

<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) 10:18

<Chilly> oil report in about 10 mins. 10:19

<jperl> tx Chilly....missed that one 10:20

<les> gap close coming

49.2

<Chilly> welcome 10:21

<les> nope not this time

<vupp> think i;m in 10:22

<jperl> ER2 price action hanging around the VWAP 848.69

waiting for that report..... 10:23

think I will take a break....

<les> ditta jperl :)

ditto

<jperl> trades so far ...

<eminitrader> Covered 1/3 ES Short @ 1534.50 --> + 2 10:24

late post ...

<jperl> http://charts.dacharts.com/2007-05-31/JP ERL_0121.png

<werner> gm all 10:28

<jperl> seems like the report had no effect 10:32

<RussellDaytrade> floor shot of the nymex just now...it looks as if the floor is becoming less crowded, following on the heels of the other pits and the nyse floor 10:35

<Chilly> Covered Remainder ES Short @ 1535.50 --> + 0.25

<eminitrader> Shorts ES @ 1535.75 -> Add 10:37

<les> thsts the gap fill on er2 closed 10:38

<jperl> what gap you referring to les? 10:39

<les> the one creatyed by the wrb @ 10:10

<jperl> ah ok

<les> good place to add to a short i think 10:40

altho gap close doesnt mena it wont go a bit higher

<eminitrader> Covered all ES Short @ 1535.25 --> + 1.75 10:43

not worth holding in this pa

thats 1.25 and 0.5 on the add

<intowin> short es at 1536 10:49

1536.75 stop 10:50

stopped -.75 10:56

now it drops lol 11:01

<eminitrader> looks like they waited for the NQ to test the highs...

<les> and er2 about to close another wrb @ 48.1

<eminitrader> tahts the reason i dumped my shorts ...nq not in tandem 11:02

<les> it got to within .10..

but niha insists it will eventually close all the way

he's usually right about that 11:03

yup :)) 11:04

Shorts ER2 @ 847.6 11:14

<RussellDaytrade> i think er will see 840 today, or near it, within a buck or so...(Paul Newman, Cool Hand Like, "I can eat 50 eggs." 11:15

Luke 11:16

<les> Covered all ER2 Short @ 846.9 --> + 0.7

<jperl> ER2 back to open

846.30 11:17

lots of congestion in the 845 to 847 region now 11:18

http://charts.dacharts.com/2007-05-31/JP ERL_0122.png

<les> Shorts ER2 @ 845.6 11:29

<eminitrader> Long ES @ 1432 11:30

<les> Covered ER2 Short @ 846.2 --> - 0.6 11:33

Reverse and Enter Long ER2 @ 846.2

<eminitrader> Exited 1/2 ES Long @ 1533.50 --> + 101.5 11:35

oops

Long ES @ 1532

Exited 1/2 ES Long @ 1533.50 --> + 1.5

thats better

exit stop moved to breakeven ES @ 1532 11:36

nice bounce from ma's

<les> Exited 1/2 ER2 Long @ 847.3 --> + 1.1 11:37

<RussellDaytrade> EM, it seems that you have become a scalper of late 11:40

<jperl> ER2 VWAP now 848.23 11:42

<eminitrader> given the mrkt conditions ...i wld be happy if i end up with 3 pts on the ES on my final exit 11:43

<jperl> Done for the morning....trades here...

http://charts.dacharts.com/2007-05-31/JP ERL_0123.png

be back later

* jperl is now known as jperl_away 11:44

<les> Exited Remainder ER2 Long @ 847.7 --> + 1.5

<eminitrader> like this set-up ..mrkts in a pullback...i think the ES has some more down to go ,,,but if i identify key support areas i dont mind going ct ..although the profit potential is small..prices tend to jump off these areas making for a good easy scalp and if lucky maybe go back to the original trend from these areas 11:47

* codehead_afk is now known as codehead

<eminitrader> thats the basis of my ct entry RD 11:48

Exited 1/3 ES Long @ 1534 --> + 2 11:49

<RussellDaytrade> yes, my assessment is you have and are doing a good job with extracting nice profits of he samller swings the past several days or so, while still maintaining a flexibility to play both directions...all in all, fairly well in sync.

<eminitrader> just thought i wld mention since u asked :) 11:50

but u got it right ...the key is identifying a trend within a trend however minor ..more like a minor swing witin a major one 11:51

i am finding it difficult these few sessions to get in on the long side based on my entry criteria ...simply put the mrkt is not coming back to my preferred entry level...and i dont want to chase it ...may end up winning some but eventually will turn into a habit thats a killer... 11:54

<RussellDaytrade> yes, thx, I was noting the slight but detectable change in yout trading lately...carry on! I am still leaning short. 11:55

<eminitrader> thats my piont Rd...my shorts r not making it worth the risk....maybe entry criteria r wrong for the current mrkt conditions ... 11:58

just trying to improvise ...

well end of this BS...all in all i want to close the day with a decent revenue ...whatever it takes

BS = my grunting 11:59

<szubaark> emin see pm

<RussellDaytrade> you are in a nice flow, its working well, use the force Luke...there's that Luke, showing up again! 12:00

<les> coolhand or sky?

<RussellDaytrade> both...breakfast and breaktime for me.

<les> eat well, and may the farce be with u 12:01

:)

<RussellDaytrade> yes, likewise.

<les> not here.. we edging toward suppertime 12:02

but i do intend to file my nails for a while

<eminitrader> have fun guys :) 12:03

looks like the force is moving away RD :(

<les> Shorts ER2 @ 847.3

<intowin> pm session will be up 12:04

<eminitrader> maybe the force will be with us then :))

looks like goog and aapl r holding the mrkt today 12:08

szu u get my reply 12:09

Exited 1/3 ES Long @ 1535 --> + 3 12:15

holding 1

exit stop raised ES @ 1532.25 12:16

<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) 12:24

<grabthemoney55> good afternoon everybody 12:31

<intowin> em do you have a target on your last contract?/ 12:36

<ItalianSharp> hi all 13:16

only now did i manage to log in...:((

been having connection problems all day with anything related to my connection 13:17

<Chilly> welcome back IS

<ItalianSharp> since I bought a new Vista-equipped computer my connection has sucked...

if anyone of you guys is planning to buy a new computer, make sure you get it with XP in it 13:18

don't be a fool like myself and turn into some sort of Microsoft guinea-pig

Vista sucks right now

<les> Covered all ER2 Short @ 846.2 --> + 1.1 13:19

<ItalianSharp> next week I'll downgrade to XP again...or actually, I'll UPGRADE to XP

<les> that took its time since my entry @12:03

and i think i'm a hero cos... 13:20

i've needed to pee bad all this time

there must be a tax break in there somewhere 13:21

medical expenses maybe?

<RussellDaytrade> http://www.activeforever.com/p-1135-guar dian-hospital-style-bedpan.aspx?source=o verture&engine=yahoo!9478&keyword=bedpan s&OVRAW=bedpans&OVKEY=bedpans&OVMTC=stan dard&OVADID=11226981011&OVKWID=771939765 11 13:22

this may be of interest to you les

<les> ur so kind 13:23

just what i bin lookin for

<RussellDaytrade> looking promising for lower prices

<les> yes

<RussellDaytrade> looks like they're gunning for a break of 845.3 lows

<les> 839.2 is yest gap close too 13:24

<RussellDaytrade> a change of trend looks like it's already occured, to me

<les> so ur short? :)

<RussellDaytrade> yes, from slightly lower prices 13:25

<les> Shorts ER2 @ 845.2 13:26

as usual er2 has a mind of its own and wont follow the others too quick

wankers

<eminitrader> Exited Remainder ES Long @ 1532.25 --> + 0.25 13:28

late post..stop was hit

<les> i'm surprised u didn t dump that last contract sooner em 13:29

<eminitrader> 2:36:13] <intowin> em do you have a target on your last contract?/ late reply...was on lunch ...no itw..thought i wld just let it ride...was basically done for the day

<les> oh right 13:30

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<eminitrader> was on lunch les...thought i wld take a chance with that 1 contract ..did'nt work out

<les> lunch hasta be a lot more important :)

<eminitrader> specially when u have ur targets for the day met :) 13:31

<les> too true and well done 13:32

<eminitrader> thx..made the lunch a lot tastier :)

* jperl_away is now known as jperl 13:46

<eminitrader> missed a fill sell @ 1533.75 ... 13:58

<intowin> My internet connection was down. Was the a fill to cover long or go short? 13:59

the = that 14:00

<jdmastah> .... 14:02

<eminitrader> lot of prbs today.. 14:11

anywasys short @ 1533.75

Shorts ES @ 1533.75

<jperl> ER2 VWAP 847.81 14:14

peak volume @ 848.10

<ItalianSharp> emini, you experiencing connection problems as well? 14:21

<eminitrader> thrice today 14:24

actually disconnection pbs

<intowin> end of day rally 14:25

<eminitrader> Covered all ES Short @ 1535.25 --> - 1.5 14:26

<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) 14:30

* les is now known as lesway 14:31

<eminitrader> Long ES @ 1534.75 14:47

Exited all ES Long @ 1535.25 --> + 0.5 14:57

<jperl_away> interesting...shows me connectd twice 14:58

* jperl_away is now known as jperl 14:59

<eminitrader> Long ES @ 1533.50 15:04

exit stop raised ES @ 1533 15:11

<Fleneer> short ES 1534.25 15:25

<eminitrader> me thinks first stop 1536.50

or my stop :) 15:26

<Fleneer> BE stop. see if we break support at 33.25 15:27

<RussellDaytrade> seems like it using some of its otherwise upwards energy just going sideways-to-down, EM...on the er anyhow

<eminitrader> or res @ 34.50

k...i dont follow the er Rd 15:28

<Fleneer> Just resisted at 35.50 an upper channel line on the day action if you use channels.

OK. time to fail 33.25

<RussellDaytrade> its a good first indicator

<Fleneer> NYSE tic -500

<eminitrader> :(

Exited all ES Long @ 1533 --> - 0.5

<Fleneer> out 33.00 +1.25

<eminitrader> was worth it low risk 15:29

shld have help F ...nice entry u had ...dont think its coming back today

help=held

<intowin> I really thought we would get a eod rally 15:30

<eminitrader> my target was test of the 36.50 area

<intowin> I thought new highs lol

<eminitrader> broke my ma's ..reason i,m so bearish now :) 15:31

more like new lows

<intowin> yep

<eminitrader> but the mrkts certainly making the shorts earn every penny 15:32

<RussellDaytrade> indeed they do 15:33

<jperl> Had a work hard at it today....not easy profits 15:34

<Fleneer> 33.75 was a Fib support on the up move and that was penetrated twice without upside breaking 34.50

<jperl> todays P/L here....

http://charts.dacharts.com/2007-05-31/JP ERL_0124.png

<Fleneer> long 32.75 if you're brave 15:35

<RussellDaytrade> I wil enjoy a break of the previous lows, if and when it occurs...today is certainly acceptable to me, but whats the hurry, as long as it happens 15:36

<Fleneer> notice -- ALL MY TRADES are PAPER TRADES

scalp the +0.50 out 33.25 15:37

* lesway is now known as les 15:56

<les> nearly got skinned alive with that short earlier on 15:57

managed to get out with not too much damage.. 15:58

just got back to screen so here's a late post...

Covered all ER2 Short @ 846 --> - 0.8

wont be around tomorrow and all next week 15:59

family stuff, work etc etc all have come to claim me

back around 10th june 16:00

* DisconnectedSession Close: Thu May 31 18:48:32 2007 18:48

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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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