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#FuturesTrades June 1st Friday 2007 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+0.0	+0.0	+1380.40
$0	$0	$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 June 1st Friday.

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: Fri Jun 01 09:26:04 2007Session Ident: #futurestrades

* Now talking in #futurestrades 09:26

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

<base> gm all

<Awash> morning all 09:27

<PapaJon> gm all

* NihabaAshi is now known as NihabaAshi_away 09:28

<jperl> bunch of reports at 10:00 EST 09:51

<ItalianSharp> yep, guess market are waiting for those to f..k some people out of money...lol 09:52

<Awash> :) 09:53

<jperl> ER2 VWAP 854.52, peak volume @ 856.00 09:56

<pdays> Home -3.2 est 3 10:01

ISM 55 est 54

<Awash> Does anyone have the 9:05 five minute candle volume for ES 10:11

<PapaJon> 2530 10:12

<Awash> just 2530

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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)

<PapaJon> yes 10:13

it is premkt

<Awash> sorry, 9:05 CST

<PapaJon> hehe

wondered

33840 10:14

<Awash> okay

thnaks

<PapaJon> :)

<ItalianSharp> not much going on thus far 10:19

mkts trying to find a direction

<karsat> yeah

<RussellDaytrade> looks like about it 10:22

<PapaJon> I think its like being near the summit of Mt Everest... lack of oxygen

<jperl> lots of pivot congestion in here.... 10:23

http://charts.dacharts.com/2007-06-01/JP ERL_0126.png 10:24

<RussellDaytrade> musta had another crack at the up SD 3 this am, :)

I'd say someone crazy opened the burners on full on the hot-air balloon, that was fun. 10:25

<jperl> only 1 trade this morning....

http://charts.dacharts.com/2007-06-01/JP ERL_0127.png 10:26

<ItalianSharp> finally mkts moving

<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) 11:18

<eminitrader> Shorts ES @ 1539

<RussellDaytrade> you changed your bias to down EM? 11:19

or just trading it?

<eminitrader> yes rd ...expecting gap fill on the ES 11:20

<RussellDaytrade> tat in itself may mark a good trend change, for at least a couple /three days anyhow...a gap fill 11:22

<eminitrader> maybe ...also it broke the lows set inially...only variable is globex low still holding ...so a less probability trade .. 11:23

but set-up is a set-up :) 11:24

<RussellDaytrade> yes, I would qualify that by adding, if it closes gap and goes out on the / near lows...not just a gapfill and another rally into close, though even those cannnot occur forever :) 11:25

<eminitrader> yep my thoghts too 11:26

Covered all ES Short @ 1539.50 --> - 0.5 11:43

Shorts ES @ 1539 11:59

Covered 1/2 ES Short @ 1538 --> + 1 12:02

Covered 1/3 ES Short @ 1536.50 --> + 2.5 12:11

* codehead_afk is now known as codehead 12:35

<intowin> silly question.. when do we start using the new contract dates for trading 12:39

<RussellDaytrade> you can start thge first day it trades, although the spreads are wide, and volume is non-existent...over the past week, the vol has begun to increase, and the spreads are now within .20-.30 consistently thruout the day, though they are also at times wider, particularly in the afterhours 12:43

usually, approx a week and a day or so before the current expires, the new contract will begin to see the blk of volume transition 12:44

<intowin> ty 12:45

<RussellDaytrade> ubetcha

<Awash> so next thursday June 7th, the ES September will be the front month? 12:46

<eminitrader> second thursday of the expiry month ...ex: start trading U from June 14 12:47

<Awash> really, i haven't traded US in a while, always thought it expired on the third friday but the next contract became the front month a week and a day prior to expiration 12:49

<intowin> nothing off the table their emini? I like it

<eminitrader> no got out earlier holding 3

target 1534 for this lot 12:50

kgot filled while typing :)

Covered Remainder ES Short @ 1534 --> + 5

<intowin> nice 12:51

<eminitrader> thx

see u all mon ...have a good one

<intowin> u2

<Littman> good price tu buy ES 12:52

<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) 13:21

<jperl> last trade date for the Eminis is June 15.... 13:49

Therefore rollover date is 8 days before that, June 7 13:50

<Awash> yep

<RussellDaytrade> thx JP

<jperl> yw 13:51

<Awash> Hey Jperl, do you have an excel spreadsheet prepared to analyze your trades? 13:52

for instance do you look at

# losers

# winners

# Breakeven 13:53

and then % Winners

% losers

<jperl> no.....I don't do any of that

<Awash> basically statistical data to help fine tune your trading

<jperl> Haven't found it useful

<Awash> really

okay, that's fair 13:54

anyone in here analyze their trades in excel? 13:55

anyone in here analyze their trades in excel? 13:56

<RussellDaytrade> I have AW, posted some of that in a link to my journal in ET, still there if you wanna look...very useful, I found...

<werner> no

<Awash> what's your journal title

i'm creating a spread sheet and feel as if I"m reinventing the wheel 13:57

it's taking too much time

<RussellDaytrade> but as I increased my activity levels, the trade data entry time became too time-consuming..how about you?

<Awash> for now

i just plot my signals, # of times i execute them, # of winners, losers, breakevens, and %percentages of total 13:58

haven't thought about trade data entry time

<RussellDaytrade> I would enjoy collaborating with someone that is knowledgable in api, to create a version that automatically pulls data from the broker feed, etc.

<Awash> ditto, unfortunately, I don't have the experience nor knowledge on how to 13:59

my platform tracks some stastical data which is helpful 14:00

<RussellDaytrade> you can look up on ET, do a search for Russelldaytrade, and scroll to some of my last posts in my jourbnal there, it msy give you some ideas, the formulas are active on that spreadsheet.

feel free to use it if you feel it can be of use. 14:01

<Awash> thanks

your journal is named "ES Jouranl?"

<RussellDaytrade> I forgot, don't post there very often 14:02

<Awash> http://www.elitetrader.com/vb/showthread .php?s=&threadid=68112 14:03

<RussellDaytrade> http://elitetrader.com/vb/showthread.php ?s=f8af50e045e7381992d13a324631a3a5&thre adid=68112&perpage=6&pagenumber=14 14:04

I think that'll take you to the page, may be what you just posted 14:05

<Awash> thanks

one last question 14:06

do you use MS Outlook

Is there a way to intergrate an Economic Calendar into your MS Outlook calendar? 14:07

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<RussellDaytrade> let me know your thoughts after you have a look, I still plan on utilizing some form of trade analysis in the future, just gotta address the automation of the trade data, so my time is best applied to evaluating the results...I also think I have a fair idea of the 'shape' of my trading...

<Awash> okay 14:08

<RussellDaytrade> and am currently involved in improving of the same, so I am utilizing my stats, even if I do not have al the data up-to-date, it's well-cataloged mentally, though I prefer detailed statistical reviews the best. 14:09

<Awash> agree 14:10

<RussellDaytrade> I do not use ms outlook calendar 14:11

<Awash> So everytime you want to figure out the reports or ECON Data releases, you just pull up a web page? 14:13

<RussellDaytrade> yes, or have them committed to memory, you can print out a months look-ahead, for ready reference 14:16

breifing.com

<Awash> k

<jperl> todays trades.... 15:06

http://charts.dacharts.com/2007-06-01/JP ERL_0128.png 15:07

Last trade sequence starting at 2:52 was a stop and then a reversal with position sizing 15:09

<Brutus> economic calendar 15:13

http://online.barrons.com/public/page/ba rrons_econoday.html

<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) 15:24

* DisconnectedSession Close: Fri Jun 01 16:44:09 2007 16:43

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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.