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 Post subject: January 12th Thursday - Futures, ETFs and Forex Currencies
 Post Posted: Thu Jan 12, 2012 8:23 pm 
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Joined: Tue Dec 16, 2008 1:02 am
Posts: 3326
Location: Canada
#FuturesTrades is free along with being a serious professional trading chat room and any trader can use the chat room to post their trades or commentaries involving futures, exchange traded funds or forex currencies. Further, although our chat room is smaller than the other popular chat rooms...we are the most active chat room in posting trades or market commentaries involving futures, exchange traded funds or forex currencies in comparison to other free chat rooms.

#FuturesTrades is designed to be a trade journal for documentation purposes only so that members can have a real time stamp archive of trades and market commentaries of each trading day so that they can better understand their broker statements from one trade to the next trade when they review their performance numbers on any given trading day. In addition, we welcome all traders with their own methods or different perspective of the markets to help keep the chat room diversified...posting trades or market commentaries about the price action on their monitors.

Quote:
#FuturesTrades chat room is not intended to be an education room. Therefore, if you're looking for education or want to learn more about the trade methods of others...you need to participate via asking specific questions because others are mainly there to post some trades or talk a few times about the price action they see on their monitors each trading day they use #FuturesTrades. Simply, traders are not in the chat room to spoon feed you with useful trading info if you do not ask questions.

With that said, thanks for reading the trades or market commentaries that's below and we highly recommend you make reading of the logs a part of your trading routine because you will sometimes find useful trade information not discussed anywhere else online nor in any books if you're not interested in scheduling one on one (private) real-time price action only trading education discussions. To gain access to #FuturesTrades chat room...please follow the instructions @ FTCHAT Support Forum * http://www.thestrategylab.com/ftchat/forum/viewforum.php?f=5

Attachment:
011212-Key-Price-Action-Markets.png
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click on the above image to view today's price action of key markets

Session Start: Thu Jan 12 09:24:39 2012
Session Ident: #futurestrades
[09:24:39] * Now talking in #futurestrades
[09:24:39] <@X> [NihabaAshi] chat room archives @ viewforum.php?f=20
[09:25:29] <Trendtrader> gm all
[09:30:08] <drt> gm all
[09:31:50] <+Trendtrader> Shorts Emini TF @ 766.3 «« simulator »»
[09:32:20] <@wrbtrader> Nice price movement again in the overnight trading session involving the Eurex and Euronext Futures (e.g. DAX, FTSE100, CAC40)
[09:32:59] <@wrbtrader> Lets see if it sputters again now the U.S. markets regular session has started
[09:33:21] <@wrbtrader> Good morning all
[09:35:06] <+Trendtrader> Covered all Emini TF Short @ 766.9 --> - 0.6 «« simulator »»
[09:38:38] <@wrbtrader> Shorts Emini TF @ 765.90 -> medium size
[09:38:50] <@wrbtrader> 4 contracts
[09:39:58] <@wrbtrader> They have been retracing these big WRBs a lot the past few days...will continue sticking with my trade approach
[09:40:19] <@wrbtrader> Thus, can't get afraid of a loss if it retraces again
[09:40:32] <@wrbtrader> WRB pt1 reached
[09:40:51] <@wrbtrader> trailing @ profit
[09:42:24] <@wrbtrader> Covered all Emini TF Short @ 762.80 --> + 3.1
[09:43:08] <@wrbtrader> +3 points and its not a runner = Good volatility so far
[09:46:35] <@wrbtrader> Also notice the great volatility (nice looking WRB Hidden GAPs) in Light Crude Oil CL futures and Gold GC futures after 4am est
[09:52:02] <@wrbtrader> Reminder -> There will be a new password for #FuturesTrades posted at the discussion forum on Saturday Jan 14th or Sunday Jan 15th...password effective for trading session beginning Monday Jan 16th.
[09:53:18] <@wrbtrader> The only good thing about the past few trading days of low volatility/tight trading range price action...
[09:53:37] <@wrbtrader> It'll shake out the weak traders.
[09:54:28] <@wrbtrader> It'll also put the smart traders on the sidelines because they're waiting for volatility to return
[09:55:54] <@wrbtrader> Yet, most of those smart traders don't realize that whatever trade methods they're using...it's obviously sensitive to volatility and because of such they really need to review how their methods have performed in the past whenever key changes occurred in volatility.
[09:56:12] <@wrbtrader> That review will help them "adapt" in the future when key changes in volatility occurs again.
[10:02:55] <@X> #FuturesTrades Info -> Chat room for traders of Emini Futures (EMD, TF, ES, NQ, YM), EuroFX Futures (6E, EC), Eurex/Euronext Futures (DAX, ESTX50, FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM), Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQQ, SPY) and Forex Currencies
[10:30:27] <@wrbtrader> Reminider - As soon as the iPad 3 is out...I will be testing Fuzemeeting.com for #FuturesTrades.
[10:30:45] <@wrbtrader> If it works well...#FuturesTrades will be moved to Fuzemeeting.com
[10:31:10] <@wrbtrader> I will pay for the monthly expense while those using the chat room on Fuzemeeting.com can do such for FREE.
[10:31:51] <@wrbtrader> However, I will ONLY invite a few members to the chat room that have been active members posting about the price action on their charts whenever they are logged in here.
[10:32:39] <@wrbtrader> Simply, no way will I pay for something while those LURKING aren't giving anything back. That's just commone sense for me :)
[10:33:15] <@wrbtrader> Anyways, I'll post that reminder every few weeks so that it doesn't sneak up on anyone.
[10:34:01] <@wrbtrader> Yet, I'm sure someone will wonder why they didn't get invited when I close #FuturesTrades on IRC after moving it to Fuzemeeting.com
[10:34:22] <@wrbtrader> There will be NO "I'm ready to participate now" :)
[10:34:36] <@wrbtrader> Only those that HAVE BEEN participating will be invited.
[10:38:29] <@wrbtrader> Simply, "do not" log in to #FuturesTrades if you're not trading for the day or don't want to participate at least once per log in via discussing what you see in the price action on your monitors.
[10:42:05] <@wrbtrader> Creeper Down Movement still intact
[10:56:57] <@wrbtrader> There are several WRB Hidden GAPs (unfilled) above the current price levels
[11:02:03] <@wrbtrader> Just saw 5 contract order on one platform while the other showed 5 consecutive 1 contract orders with the exact same time.
[11:03:03] <wiseguy7600> there is often inconsistencies in reported data
[11:03:41] <+wiseguy7600> remember a few months back fellow trader who was using CQG Trader reporting completely different Time&Sales figures to TT
[11:03:46] <@wrbtrader> Agree but I always wonder why some many data vendors, charting programs or broker platforms are different info in their data.
[11:03:54] <+wiseguy7600> TT´s usually made more sense
[11:04:24] <@wrbtrader> Surely it can't be because of them using different servers and routers ?
[11:04:38] <+wiseguy7600> i´m a complete IT-clown but have been explained that is depends how often they refresh data
[11:05:06] <+wiseguy7600> continuesly versus every second or whatever time interval they choose
[11:05:09] <@wrbtrader> I do know one thing...
[11:05:30] <+wiseguy7600> assume somebody is try to save a few quid on the infrastructure
[11:05:54] <@wrbtrader> If I see consistency in the data stopping (stalling) for a 1 - 2 seconds and then start moving again with any data vendor, charting program or broker platform...
[11:06:17] <@wrbtrader> That company is doing something "intentional" with their data bandwidth
[11:06:42] <@wrbtrader> as in the refresh rate as you noted
[11:07:43] <+wiseguy7600> somebody with more knowledge should be able to explain us, how much can be saved by "slowing down" the refresh rate...
[11:08:52] <@wrbtrader> I do know my ISP saves about a million dollars per year via controlling the data speed or refresh rate during "none peak hours".
[11:09:54] <@wrbtrader> At least ISP have the guts to admit doing such...
[11:10:06] <+wiseguy7600> so it depends on the ISP? thought it was the front ends...
[11:10:17] <@wrbtrader> I don't think market data vendors will have the guts to admit to doing such
[11:10:34] <+wiseguy7600> interesting you say so. as i have switched a few months back from an arcade to trading from home
[11:10:52] <@wrbtrader> wiseguy7600...it could be just the ISP or the market data vendors or both.
[11:11:03] <+wiseguy7600> on a 50meg fiber optic connection and experienced massive slowdowns
[11:11:26] <+wiseguy7600> that really scared me as with the tick business i am in that could cost you A LOT
[11:11:45] <@wrbtrader> Exactly
[11:12:03] <+wiseguy7600> never thought that ISP could/would slow refresh rates down intentionally...
[11:12:23] <@wrbtrader> I never became suspicious of my data quotes until I got two different ISP at my home...
[11:12:26] <+wiseguy7600> any way to find out, other than them admitting it (unlikely)?
[11:12:48] <@wrbtrader> In addition, when I started using two different data vendors at the "same time".
[11:12:56] <@wrbtrader> It was a little scary at what I saw
[11:13:32] <@wrbtrader> If I was a DOM trader or dependent upon Times & Sales info...
[11:13:38] <@wrbtrader> I would find a new job :)
[11:14:16] <+wiseguy7600> with 2 ISPs, how can you switch from one to other automatically without investing a fortune into a professional router?
[11:14:36] <+wiseguy7600> kind of in the "heat of the moment" if one slowsdown...
[11:14:47] <@wrbtrader> I don't switch...they are open at the same time.
[11:14:58] <@wrbtrader> I have cable AND dsl
[11:15:11] <@wrbtrader> different ISP
[11:15:13] <relizer> I usw TOS for charting only and had to take off t&s
[11:16:38] <+wiseguy7600> i would need to ISP for my trading machine, so whenever one slows down the other picks it up automatically...
[11:16:48] <+wiseguy7600> not sure that is possible without huge investments
[11:16:57] <@wrbtrader> Creeper Up Movement now confirmed in the Emini futures and Eurex futures
[11:17:10] <+wiseguy7600> which would take me back to an arcade where everything is prepared for you IT-wise
[11:18:15] <@wrbtrader> I plan on going Mobile later this year...will be interesting how reliable or unreliable my data quotes become.
[11:19:36] <@wrbtrader> I already know paying for mobile 4G...they're really only giving you 1.5 to 2G at best :(
[11:20:20] <@wrbtrader> Yet, still can't figure out why don't they just charge you for 1.5G to 2G or why do they advertise its a 4G network ???
[11:21:54] <+relizer> be very carefull if you trade unwired
[11:22:05] <@wrbtrader> Yep
[11:22:35] <+relizer> iwon't even use a wireless mouse
[11:23:09] <@wrbtrader> I have no intentions of logging in to trade while using a MacDonalds restaurant free WiFi :)
[11:23:24] <T4n> Shorts TF @ 763.7 -> medium size «« simulator »»
[11:24:00] <+relizer> i tried that once. only once, did not provide the freedom I was looking for
[11:24:07] <@wrbtrader> Long Emini TF @ 763.60 -> small size
[11:24:13] <@wrbtrader> 2 contracts
[11:24:31] <@wrbtrader> T4n...we're in opposite trades
[11:24:44] <@wrbtrader> hope both are profitable
[11:25:35] <+T4n> Covered TF Short @ 763.3 --> + 0.4 «« simulator »»
[11:26:25] <+T4n> wasn't expecting much against the creep
[11:28:27] <@wrbtrader> Exited all Emini TF Long @ 764.20 --> + 0.6
[11:28:34] <@wrbtrader> WRB pt1 reached
[11:29:04] <@wrbtrader> We don't get to see that too often how "trade management" has an impact on "trade results".
[11:29:21] <@wrbtrader> T4n and I had opposite trades with almost the same entry price...
[11:29:55] <@wrbtrader> Yet, both trades are profitable via different time of exit
[11:29:55] <@X> #FuturesTrades Info -> Chat room for traders of Emini Futures (EMD, TF, ES, NQ, YM), EuroFX Futures (6E, EC), Eurex/Euronext Futures (DAX, ESTX50, FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM), Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQQ, SPY) and Forex Currencies
[11:49:41] <@wrbtrader> Long Emini TF @ 765.30 -> small size
[11:49:48] <@wrbtrader> 1 contract
[11:52:48] <@wrbtrader> Exited Emini TF Long @ 765.30 --> 0
[11:54:45] <@wrbtrader> Overall volatility starting to contract now...very different in comparison to what we saw soon after 0930am est and 1042am est
[11:56:56] <@wrbtrader> Long Emini TF @ 765.30 -> small size
[11:57:01] <@wrbtrader> 2 contracts
[11:57:04] <@wrbtrader> re-entry
[11:57:14] <@wrbtrader> Creeper Up Movement
[12:01:13] <@wrbtrader> WRB pt1 reached (shallow)
[12:01:31] <@wrbtrader> Exited all Emini TF Long @ 765.70 --> + 0.4
[12:59:56] <@X> #FuturesTrades Info -> Chat room for traders of Emini Futures (EMD, TF, ES, NQ, YM), EuroFX Futures (6E, EC), Eurex/Euronext Futures (DAX, ESTX50, FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM), Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQQ, SPY) and Forex Currencies
[13:06:40] <+T4n> Long TF @ 767.3 -> medium size «« simulator »»
[13:10:22] <+T4n> Exited TF Long @ 767 --> - 0.3 «« simulator »»
[13:12:10] <+T4n> Long TF @ 767.4 -> medium size «« simulator »»
[13:14:22] <+T4n> Exited TF Long @ 767 --> - 0.4 «« simulator »»
[13:21:31] <+T4n> Long TF @ 766.8 -> medium size «« simulator »»
[13:29:16] <+T4n> Exited TF Long @ 767 --> + 0.2 «« simulator »»
[13:48:30] <+T4n> Shorts TF @ 765.8 -> medium size «« simulator »»
[13:50:08] <+T4n> Covered TF Short @ 766 --> - 0.2 «« simulator »»
[13:57:42] <+relizer> short es live
[14:05:44] <+relizer> out - 2t
[14:16:27] <+T4n> Shorts TF @ 765.7 -> medium size «« simulator »»
[14:17:11] <+T4n> Covered TF Short @ 766.4 --> - 0.7 «« simulator »»
[14:26:56] <@X> #FuturesTrades Info -> Chat room for traders of Emini Futures (EMD, TF, ES, NQ, YM), EuroFX Futures (6E, EC), Eurex/Euronext Futures (DAX, ESTX50, FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM), Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQQ, SPY) and Forex Currencies
[15:19:09] <@wrbtrader> Reminder -> There will be a new password for #FuturesTrades posted at the discussion forum on Saturday Jan 14th or Sunday Jan 15th...password effective for trading session beginning Monday Jan 16th.
[15:30:50] <+T4n> Long TF @ 768 -> large size «« simulator »»
[15:32:34] <+T4n> Exited TF Long @ 767.5 --> - 0.5 «« simulator »»
[15:36:56] <+T4n> Long TF @ 767.8 -> large size «« simulator »»
[15:41:50] <@wrbtrader> 4pm est rush hour traffic around the corner
[15:42:55] <+T4n> 0830 zone
[15:43:54] <+T4n> Exited TF Long @ 767.9 --> + 0.1 «« simulator »»
[15:45:28] <+T4n> Long TF @ 768.4 -> large size «« simulator »»
[15:47:28] <+T4n> Exited TF Long @ 767.9 --> - 0.5 «« simulator »»
[15:48:53] <@wrbtrader> So far, another low volatility price action leading into the 4pm est close
[15:49:58] <+T4n> Long TF @ 768.2 -> large size «« simulator »»
[15:51:25] <+T4n> Exited TF Long @ 768 --> - 0.2 «« simulator »»
[15:55:02] <@wrbtrader> Light Crude Oil CL futures moved nicely with a lot of volatility around 1:36pm est and then for a duration of about 1 hour...
[15:55:17] <@wrbtrader> It didn't help create volatility in the Emini futures :(
[15:56:57] <@X> #FuturesTrades Info -> Chat room for traders of Emini Futures (EMD, TF, ES, NQ, YM), EuroFX Futures (6E, EC), Eurex/Euronext Futures (DAX, ESTX50, FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM), Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQQ, SPY) and Forex Currencies
[16:04:38] <@wrbtrader> No volatility changing event like a dictator being taken down or a country screeming for help about its debt crisis news events.
[16:05:26] <@wrbtrader> Yet, we did have "good volatility from 4am est - 11am est...that's 7 hours of good price action
[16:05:46] <+wiseguy7600> see you all
[16:09:23] <+T4n> best trade i had was 4 ticks
[16:09:30] <+T4n> sad
[16:10:57] <@wrbtrader> T4n...when volatility behaves like this...one option to adapt is to trade the Emini futures EARLIER in the morning when the European futures are very active.
[16:11:27] <@wrbtrader> I may do such tomorrow morning...ready to trade around 4am est.
[16:11:59] <+T4n> that's quite early
[16:12:13] <+T4n> hope it goes well
[16:12:42] <@wrbtrader> So far for the past few weeks...that' where the action has been :(
[16:16:50] <+T4n> bye all
[16:29:42] <@wrbtrader> Take care all and see all tomorrow
[16:29:52] * wrbtrader is now known as wrbtrader_away
[17:23:57] <@X> #FuturesTrades Info -> Chat room for traders of Emini Futures (EMD, TF, ES, NQ, YM), EuroFX Futures (6E, EC), Eurex/Euronext Futures (DAX, ESTX50, FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM), Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQQ, SPY) and Forex Currencies
Session Close: Thu Jan 12 20:20:24 2012

-------------------------

#FuturesTrades is free and is a serious professional trading chat room in which any trader can use the chat room to post their trades or commentaries involving futures, exchange traded funds or forex currencies. Simply, you don't need to be a client of TheStrategyLab.com to use the chat room nor do you need to be a price action only trader (no indicators) because some members use indicators while others do not.

Therefore, we welcome all traders with their own trade signal methods, different perspective of the markets and different experience levels. To gain access to #FuturesTrades...please follow the instructions at the below link.

http://www.thestrategylab.com/ftchat/forum/viewforum.php?f=5

The purpose of #FuturesTrades is that it's designed to be a trade journal for documentation purposes only so that members can have a time stamp archive of trades and market commentaries of each trading day so that they can better understand their broker statements from one trade to the next trade when they review their performance numbers on any given trading day.

Further, members are not obligated to educate nor help other members but members are encourage to ask questions about any trades or market commentaries that's posted by others because sometimes the answers contains useful trading tips.

In addition, our primary job in the free chat room is to moderate the room (keep the peace) because with so many members using different trade signal methods along with different opinions about the market...debates or arguments can easily flare up without moderating. In addition, our presence in the chat room is to ensure it's a spam free chat room during trading although these archived chat logs may contain advertisements for guest visitors.

Commonly discussed trading instruments from futures, exchange traded funds and forex currencies:

Image CME Emini Futures EMD, ES and NQ

Image ICE Emini TF Futures (formerly CME ER2)

Image CBOT mini-sized Dow Futures YM

Image Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50

Image Eurex Fixed Income Derivatives (futures) BUND, BOBL and Schatz

Image Euronext Futures FTSE-100 and CAC-40

Image CME Futures EuroFX 6E and EC

Image Treasury Futures T-Notes ZT, ZN, ZF and T-Bonds ZB

Image Forex Currencies GbpUsd, EurUsd, EurYen and UsdCad

Image Exchange Traded Funds VXX, DIA, IWM, QQQ, SPY, BGU, FAS, FAZ, TNA, OIH, XLE and GLD

Image NYMEX Energy Futures Light Crude Oil CL, Brent Crude Oil BRN, e-miNY QM and Natural Gas NG

Image COMEX Metal Futures Gold GC, mini-Gold YG, Copper HG and Silver SI

Image S&P CNX NIFTY Futures

Image Hang Seng Index Futures HSI and mini-Hang Seng MHI

Also, to prevent the usual mix-up about our different chat rooms, most of our fee-base clients do not use chat rooms just like most retail traders do not use chat rooms. Yet, the few clients that do use chat rooms, our fee-base clients are discussing market analysis or price action only trade signals via concepts from our strategies in the private chat rooms called #VolatilityTradingTSL or #SwingTradingTSL and they're not allowed to do such in #FuturesTrades.

Reminder, our Terms of Use (TOU) Policy is a must read to prevent any misunderstandings along with revealing that #FuturesTrades is a serious professional trading chat room and we expect members to act professional. Also, these logs may have been edited (rarely) to remove any messages that a member has complained to me via private message that they consider a particular commentary to be inappropriate, offending or too far in the off topic area that's a distraction when the commentary was posted.

Note: All logs regardless to their location at TheStrategyLab.com website are eastern standard time.

Best Regards,
M.A. Perry
Trader and Founder of WRB Analysis (wide range body/wide range bar analysis)
Price Action Trading (no technical indicators)
Image@ http://twitter.com/wrbtrader or http://stocktwits.com/wrbtrader

Phone: +1 708 572-4885
Business Hours: 8am - 5pm est (Mon - Fri)
Skype Messenger: kebec2002
intradaystrategies@yahoo.com
questions@thestrategylab.com
Go Back To TheStrategyLab.com Homepage


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