Wednesday, June 09, 2010

Emini Futures Trading / Contract Rollover Day


"A generous man will prosper; he who refreshes others will himself be refreshed"
(Proverbs 11:25, NIV)

"Let me give you a new command: Love one another. In the same way I loved you, you love one another. This is how everyone will recognize that you are my disciples—when they see the love you have for each other."
(John 13:34-35 The Message)

"If you love me, show it by doing what I've told you."
(John 14:15 The Message)

"Love from the center of who you are; don't fake it. Run for dear life from evil; hold on for dear life to good. Be good friends who love deeply; practice playing second fiddle.

Don't burn out; keep yourselves fueled and aflame. Be alert servants of the Master, cheerfully expectant. Don't quit in hard times; pray all the harder. Help needy Christians; be inventive in hospitality.

Bless your enemies; no cursing under your breath. Laugh with your happy friends when they're happy; share tears when they're down. Get along with each other; don't be stuck-up. Make friends with nobodies; don't be the great somebody.

Don't hit back; discover beauty in everyone. If you've got it in you, get along with everybody. Don't insist on getting even; that's not for you to do. "I'll do the judging," says God. "I'll take care of it."

Our Scriptures tell us that if you see your enemy hungry, go buy that person lunch, or if he's thirsty, get him a drink. Your generosity will surprise him with goodness. Don't let evil get the best of you; get the best of evil by doing good."
(Romans 12:9-21 The Message)

Generosity Pays
A common thread in all of these passages is that we are to liberally use the gifts that God has given us for others. Even our joy is for others to see and our love for one another is meant to prove to the world the reality of Jesus in our lives. In other words we are called on to be a generous people and to live lives of generosity. In much the same way that God has been generous toward us we are called on to be generous toward him and toward others. There is no place in the Bible where we are instructed to withhold love, encouragement, kindness, gentleness, or possessions. In fact, a simple study of God’s Word quickly reveals how we are to be stewards of what he gives to us by using it for the kingdom. Somewhere we have gotten off track by using the word steward to justify hoarding and stinginess. But this is not God’s way – thankfully! He has been exceedingly generous with every one of us. Not withholding his love or provision – ever! The parable of the three servants in Matthew 25 teaches us that Jesus expects us to use what he gives us for the kingdom. It is not to be buried in the ground. I don’t think it’s a mistake that the parable of the sheep and goats immediately follows. I believe that Jesus is saying to his follows – “Be generous with what I have given to you. There are people all around you who have physical and spiritual needs. I have given you the resources to meet those needs.”

And while we almost automatically apply generosity to our finances I don’t think that it ends there. Remember those fruits of the Spirit? Love, joy, peace, patience, etc. How about being generous with those, too? Are you unconditionally liberal with your love toward others? Do you jump at expressing joy over what God has done for you and others? Do you constantly pursue peace? Do you repeatedly portray patience with your family or co-worker? Do your neighbors think of you as one who keeps on being kind? Are you great at showing goodness to others? Do you focus on being faithful in keeping your word and your vows? Do you generously give gentleness – even to those other drivers? Do you strive to develop self-control? Do you project praise of God and what he is doing in your life and in the life of those around you? Do you faithfully fix your thoughts on those things that are pure, honorable, true, and admirable? Are you continuously embracing change in your life?

Generosity, then, extends beyond our finances to every area of our lives. So let me ask: Are you a generous person? I hope so, because Generosity Pays!

Friday June 10, 2010 - Tune in Early!
We will begin Live Trading @ 10:30 AM Eastern with Michael Borque the developer of Stack Trade. Click Here to access both Audio and Video. If you've never seen the indicators in action, you're in for a real treat!

Emini Futures Contract Rollover
If you use a continuous contract symbol such as @ES on TradeStation, when the markets closed today your charts may have freaked you out if you were not prepared. Tomorrow is the "official" rollover day, however, Thursday's session officially starts when the market reopens Wednesday night. Got it? Now even though tomorrow marks the "official" day, most traders will wait until volume on the new contract exceeds volume on the old contract. Therefore, on TradeStation as an example, if you normally use @ES, for the next few days you will need to change your chart symbol to ESM10. For the Dow Emini it will be YMM10. Check with your data vendor for exact specs but keep in mind, @ES has already rolled over.

Page Trader Daily Results

Stack Trade Daily Results

Trade Stalker Daily Results

HOW OUR DAY WENT: The market rejected initial resistance
shortly after the open and then the ES dropped to the
1063 updated support. The Instant Message room was very
active today, as we bought put options again (the second
entry was when the ES was near 1075-1074) and locked in
1/2 of the profit at 1061 basis ES. With this good trading
action present, that's the 2nd nice options trade this month.
Our day trades went well also on Wednesday.

See the Intraday Updates and how we traded the market
today. That is all on our Instant Messenger Log here:

I've been trading the markets for more than 27 years, and
writing the "RBI Trader's Updates" for 14 years. Not many
last that long, so let me help YOU make better trades.
Sign up today!
(or call us at 260-750-2447)

Weekly Trading Zones Daily Results

Pray Hard & Trade Safe!

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