NetPicks e-Mini Futures LIVE

I apologize for the tardiness of this post.  Unfortunately I must keep it brief.  I will post the week’s trades in full over the weekend.

The past two days were actually quite good, even though we had to endure some hardship to get there.  We keep breaking out to new all time equity highs on both the ER2 and NQ, even though it has been bumpy getting there.

On ER2, we fought or way to a +1.2 yesterday morning and then only took two trades in the pm where we grabbed just one more tick for a net of +1.3.

Today however, we ended the morning up +1.4 and then struggled in the pm, actually losing the session and the day with a net of -2.  We are still sitting near our all time equity highs with +86 net points.

The NQ has been tougher this week too, but we are still sporting a perfect score, breaking out to new equity highs every day we trade this amazing market.  We’ve only taken small net gains throughout the week.  Today was our best day this week, winning 5 out of 6 trades for a +12.75 net profit on the session.  We have not had a losing day yet.

ES has been stellar this week.  Yesterday we only took 1 trade and it was a sizeable loser at -6.75.  It was our 5th loss out of the past 24 reversal trades, so we’re not going to sweat it too much.  Today we won two (one partial winner and one full winner), also reversal trades.  So we have only lost 5 of the last 26 reversal trades, or in more attractive terms, we have WON 21 of the past 26.  This is by far our favorite set up out of all three markets we trade. 

We netted +5.25 today on ES and are now +22.5 on the week.  Gotta love it!  I just can’t believe that more people aren’t beating down our doors to get into this room.  They better act fast because soon it will be filled up and we’ll be starting a waiting list.

Wow what a close call.  We struggled today early on both in the am session and in the pm session.  We stuck to our trade plan and worked it out though.  We had a slim gain in both sessions in NQ to end the day positive, yet again.  Net Result +4 points.  Not our stongest performance, but on a Bernanke Speak Day, we played it tight and quit with a positive result.

ER2, same thing.  It was tough going and we had to work through some difficult losses.  We did and in the end we finished the day up +1.9.  Again, not our best performance, but it was enough to break us out to new all time equity highs with a +86.7 accumulated net points.  On the heels of yesterday’s session, we are up +7.3 so far this week.

ES has been the hot market this week.  We have had two double digit winning days.  Today, we won three perfect trades for a net total of +12.5 points.  With yesterday’s +11.25, we have gained +23.75 points this week already.  We made an adjustment to our trade plan, focusing more on our highest percentage winning trade and it has paid off, big time.  It also allows us to focus on more NQ trades which keep posting gains.  It’s been a great mix.

We had a quick session this morning, hitting poq goals on all three markets.  We took 2 trades on each market and won everything, a perfect 6 and 0.  Thirty minutes and done!  Gotta love it!!

AM Session:

ER2:  +4.4

ES: +9.5

NQ: +9.5

PM Session:  I’ll start with the NQ first, since that’s what gave us the biggest challange today.  We finally broke our perfect record with a losing pm session.  Up to this point, we have not lost a session (am or pm).  We wound up losing a few points this afternoon, ending the day with a net positive +4.75. 

We still have a very imporant record intact, that we are maintaining, and that is that we have not lost a daily session yet, on the NQ. We are positive at the end of each day on NQ, since beginning to call it in the room, July 2nd.  So, we are looking good as we continue to end our trading day again, at an all new equity high. 

We managed to eek out an additional point on the ER2, losing one for 1.9 and winning one for 2.9, giving us a very respectable +5.4 on the day.  WE ARE SITTING 2 TICKS BELOW OUR ALL TIME EQUITY HIGH ON ER2 AS OF END OF TODAY’S TRADING!!

ES gave us a loss for -3.5 and a winner for 5.25 this PM, improving our overall daily result ending the day with a very positive +11.25.

Click here to see all the week’s core strategy trades

Click here to see the week’s summary totals

Well we did take a couple of losses on the Russell this pm giving back our gains on the morning session.  Too bad.  But considering that the pm session typically helps our cause, we’ll just let it go.  We ended up down on the day -1.5 instead of up +4.1.  That will happen sometimes.  All in all, we are still at all time equity highs and posted a respectable +12.5 for the week if taking all the trades called.

The ES improved this afternoon with a nice reversal short that gave us full target.  We improved to only losing 3 ticks today and netted doulbe digits for the week with a net gain of +13.25.

 We lost a couple trades on NQ to start the PM and missed a target by 2 ticks. All that being said, we managed to pick off enough winners to actually gain a couple points in the pm session, keeping our perfect score alive.  That’s what we love about the NQ 144.  There are so many quality trades that you typically always get the chance to quit positive.  We ended the day with a net +24.75 points and a Net weekly score of +86.75 points.

All in all a great week!

(see prior post for today’s earlier session recap)

I’ll keep this short.  We are trading a perfect score with the NQ, winning another 4 solid trades this morning for +22.75 points.  We have come out positive on every session so far.  This week we racked up +84.75 points in the NQ.  We’ll be back for this PM Session to see if we can add to that, but caution will be the operative theme as I do not want to give back a single tick. 

ER2 also handing us two solid winners for +4.1 points, breaking out to new all time equity highs of +85 net points.  We are currently in a 7 trade winning streak.  We’ll come back to take a pm trade but for the week so far, we have +20.3 points.

 ES is kind of slow to join the party.  Today, we had mixed results so far and we are negative on the session -5.5 so far. For the week, we are up +8.5.

Here are the stats:

Today was a day that if you only had a crystal ball, you would have taken every single trade.  On a day that started off after a big overnight selloff overseas, the market had extremely volatile price action, sometimes moving faster than Tradestation could keep up with.  It was not a day for the feint of heart nor for beginners.  Advanced traders really cashed in, when all was said and done though.  I think our ER2 222 strategy won 90% or more of all the trades that the system identified, even through the lunch time no trade zone, and beyond our power of quitting.

We don’t take every trade though which is why I wish we had a crystal ball.  We don’t have one though, so we just trusted in our system and took the set-ups.  (Our system is probably the closest thing I’ve encountered to a crystal ball anyway.) It was tough at first too, because the very first three trades were loser, winner, loser.  It would have been easy to quit at that point.  But we kept on going, and what happened after that was downright incredible.  We proceeded to win the next 3 morning trades in a row and then two in a row in the PM Session, for a 5 trade winning streak. 

And….  WE BROKE OUT TO NEW EQUITY HIGHS TODAY!!  We hit 80.9 accumulated net points on our flagship ER2 222.  So despite some tough sessions over the past few weeks, we have prevailed and we have popped our heads thru the ceiling with a breakout to a new equity altitude.  Congrats to all the traders in the room who are actually taking the trades. 

Over $8000 in net profit since launching the room, per contract with our core strategy.  Here’s a brief recap of the other two markets.

 NQ:  Every day we break to new equity highs on this one.  Only our 5th day, and we did have a tough session, but in the end, we won more than we lost and wound up with a +17.25 net profit, winning 5 days in a row, perfect score, no losing days yet.  We have accumulated +96 points in five days for a net profit of $1920 per contract.

ES:  We were more careful on this market and selected our trades well, not taking the first one until the PM Session.  It paid off too, giving us 3 in a row.  Net result today was 3 winners, 0 losers for +12.75 points.  Our reversal trades continue to post the high percentage gainers, winning the last 9 in a row!!

That’s it for now.  I’m surprised this room hasn’t caught on yet to the general public, but I suspect that at some point it will.  One can’t keep these kind of results hidden from view for very long.  I am guessing that soon the flood gates will open and demand to get in will skyrocket.  We’ll cap the membershipe at some point, and all of you lucky ones, will not only have already prospered, but will have your low rates locked in, as we surely will be raising the price to get in, before too long.

In case you’re not aware or paying attention to the trades, I thought I would put up this quick post to call everyone’s attention to this:

Since July 2nd, we have taken a total of 34 trades on ER2, losing only 8 and winning 26!  See below for the trades.

Meanwhile, NQ is on its own winning streak, with 5 winning sessions in a row with 33 wins out of 46 trades.

S&P doing fine but not burning it up like the other two.  It will come around.  We’ve been a bit conservative on our approach lately due to market factors.

Click here to see today’s trades as well as the past couple days

We took two fast winners on the ER2 today and then called it quits, on a no news Wed morning session.  The system did end up winning 2 more which would have given it 4 wins and no losses.  Great to see the system continuing to hit on all cylinders.  We were content to sit on our 2 winners howerver, with poq, and a +3.8 morning result.

NQ was choppy and struggled a tiny bit this morning.  We passed on a few trades while the whip saw action was taking place.  The system actually did a nice job in its own right and would have kept us safe while also calling a few winners to boot.  That’s ok though, because we’d rather be on the side lines when the NQ is choppy.  When we did finally get in, we won 4 out of 6 trades, keeping up with our winning ways for a modest gain of only +4 points.  We had to adjust around some swings which resulted in smaller sized winners which is why the point total wasn’t better. 

 We only took 2 ES trades, winning one and losing one for a morning net of -.75.  All in all a slow summer AM Session but we wound up in decent shape.  The PM Session will alter our results of course, hopefully to the upside.  —————————

Not that the PM Session has ended, here is the recap.  GREAT!

As usual, the PM Session improved our results, handing us 2 more winners on the Russell, making it 4 in a row today with no losses.  We took a partial on the final trade.  Grand total: +6.6

NQ gave us a mixed bag but ended up with 3 winners, 2 losses and 1 break even.  On the last trade, it went part way to target, then retraced into some ugly choppiness.  We set stops to break even so as not to give back our winnings.  We worked hard to earn them, so why give as much as a single tick back at this point?  We didn’t need that trade as we had already achieved our goals for the day.  Net Result on NQ was only +3.75 today.  The losses out sized the winners.  We did win 7 out of 11 trades.  That’s just what the market gave us today.

There were no more ES trades for the day.