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 Post subject: February 7th Tuesday - Futures, ETFs and Forex Currencies
 Post Posted: Tue Feb 07, 2012 9:40 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 and this gives them a better understanding of 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:
020712-Key-Price-Action-Markets.png
020712-Key-Price-Action-Markets.png [ 535.91 KiB | Viewed 253 times ]

click on the above image to view today's price action of key markets

Session Start: Tue Feb 07 09:38:43 2012
Session Ident: #FuturesTrades
[09:38:43] * Now talking in #FuturesTrades
[09:38:43] <@X> [NihabaAshi] chat room archives @ viewforum.php?f=20
[09:39:27] <Tigerman> gm all
[09:39:38] <wave1> S 18 nq
[09:42:04] <+wave1> geez out -1
[09:42:11] <+wave1> got in late
[09:42:24] <Trendtrader> Shorts Emini TF @ 823.4 «« simulator »»
[09:44:54] <@wrbtrader> Shorts Emini TF @ 823.20 -> medium size
[09:45:10] <@wrbtrader> Creeper Down Movement (all session chart)
[09:47:06] <+Trendtrader> Covered 1/2 Emini TF Short @ 822.2 --> + 1.2 «« simulator »»
[09:48:18] <@wrbtrader> Covered all Emini TF Short @ 822.50 --> + 0.7
[09:58:26] <T4n_paper> Long TF @ 822.3 -> medium size «« simulator »»
[09:58:40] <+wave1> 10:00 AM Ben Bernanke Speaks
[09:59:42] <+T4n_paper> Thanks
[09:59:47] <+T4n_paper> Exited TF Long @ 823.1 --> + 0.8 «« simulator »»
[09:59:48] <+Trendtrader> Covered Remainder Emini TF Short @ 823.3 --> + 0.1 «« simulator »»
[10:01:14] <+Trendtrader> thx wave1, explains trading range for me.
[10:02:29] <@wrbtrader> Long Emini TF @ 822.20 -> medium size
[10:02:35] <@wrbtrader> 2+2
[10:03:03] <@wrbtrader> will be a tough trade because its against the Creeper Down Movement AT a key market event
[10:03:05] <@wrbtrader> tight stop
[10:03:38] <@wrbtrader> Exited all Emini TF Long @ 821.70 --> - 0.5
[10:04:00] <@wrbtrader> Shorts Emini TF @ 821.20 -> medium size
[10:04:32] <@wrbtrader> chasing...intuition on the price reaction with volatility
[10:05:11] <@wrbtrader> meant "increasing volatility"
[10:07:47] <@wrbtrader> Covered all Emini TF Short @ 820.90 --> + 0.3
[10:13:11] <@wrbtrader> Long Emini TF @ 821.90 -> medium size
[10:13:56] <@wrbtrader> My 2nd try at this price action on the Long side
[10:15:39] <@wrbtrader> tighten stop
[10:16:20] <@wrbtrader> Exited all Emini TF Long @ 822.20 --> + 0.3
[10:26:11] <+T4n_paper> life was sucked out of that wrb
[10:26:52] <@wrbtrader> Long Emini TF @ 822.70 -> small size
[10:27:08] <@wrbtrader> chasing the prior trade signal...re-entry
[10:27:27] <@wrbtrader> 3 contracts
[10:27:46] <@wrbtrader> Creeper Up Movement confirmed
[10:28:20] <+T4n_paper> Long TF @ 822.8 -> small size «« simulator »»
[10:28:53] <@wrbtrader> EuroFX 6E futures and Light Crude Oil CL futures has lots of volatility so far since 8am est
[10:28:58] <+T4n_paper> I wanted a cleaner pullback
[10:29:03] <@wrbtrader> nice price movement too
[10:31:34] <@wrbtrader> wall of resistance now around 823.30
[10:31:53] <+wave1> L 2519 nq
[10:31:59] <@wrbtrader> tighten stop
[10:32:21] <@wrbtrader> WRB pt1 reached
[10:32:41] <@wrbtrader> Exited all Emini TF Long @ 824.40 --> + 1.7
[10:32:43] <+T4n_paper> Exited TF Long @ 824 --> + 1.2 «« simulator »»
[10:32:46] <+wave1> out nq
[10:32:52] <+wave1> got in late ...:(
[10:44:35] <@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, QQQ, SPY) and Forex Currencies
[10:46:44] <@wrbtrader> Creeper Up Movement still intact
[10:46:53] <+wave1> L 21.5 nq
[10:47:56] <+T4n_paper> Long TF @ 824.1 -> small size «« simulator »»
[10:48:45] <+T4n_paper> Exited TF Long @ 824.6 --> + 0.5 «« simulator »»
[10:49:10] <+wave1> out 23.5
[10:52:27] <+wave1> geez early exit :9
[10:54:42] <@wrbtrader> Emini TF just reached the price area of a prior key change in supply/demand price area
[10:55:06] <+wave1> y geez close gap and NQ zoom up
[10:58:55] <+T4n_paper> what a nice looking move, that i'm not on board
[11:04:27] <@wrbtrader> Creeper Movement still intact
[11:16:25] <@wrbtrader> Long Emini TF @ 827.30 -> small size
[11:16:32] <@wrbtrader> 1 contract
[11:17:37] <StormwolfT> where are you going to adjust your stop to?
[11:18:44] <@wrbtrader> stop tighten
[11:18:57] <@wrbtrader> Storm...you already know that answer from our prior discussion
[11:20:29] <+StormwolfT> I understand the 2 points initial stop but I thought there was an adjustment based on technical factors if the trade does not goes into significant profit immediatly
[11:20:44] <@wrbtrader> No...
[11:21:50] <@wrbtrader> Please read the "trade management file"
[11:22:33] <+Tigerman> tight contraction now..
[11:22:42] <@wrbtrader> volatility contraction getting tighter
[11:22:52] <@wrbtrader> chopping around
[11:22:57] <+StormwolfT> So you use 2 point stop losses on creeper up trades and only adjust if they go into your favor?
[11:23:07] <@wrbtrader> WRB pt1 reached
[11:23:39] <@wrbtrader> Storm...please use the other room...thanks in advance.
[11:24:22] <@wrbtrader> Exited Emini TF Long @ 827.90 --> + 0.6
[11:24:33] <@wrbtrader> got an extra tick beyond the WRB pt1
[11:44:16] <+wave1> back
[11:50:44] <@wrbtrader> Price action creeping downward...still no Creeper Down Movement confirmed...
[11:51:03] <@wrbtrader> Yet, got a nice looking volatility spike downward...
[11:51:44] <@wrbtrader> If it results as a WRB Hidden GAP...just need to wait for "volatility contraction" afterwards to confirm as a Creeper Down Movement
[11:52:27] <+wave1> biab geez meeting
[11:59:50] <@wrbtrader> Creeper Down Movement confirmed
[12:06:33] <@wrbtrader> Emini TF spiked down while others are still holding their support in the volatility contraction
[12:06:48] <@wrbtrader> Must be the mid-day trading session :)
[12:06:59] <@wrbtrader> others spiking
[12:07:38] <@wrbtrader> reaction low failure
[12:13:04] <@wrbtrader> be back later...lunchtime
[12:14:35] <@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, QQQ, SPY) and Forex Currencies
[13:35:06] <+T4n_paper> Shorts TF @ 825.5 -> small size «« simulator »»
[13:36:37] <+T4n_paper> Shorts TF @ 826 -> Add «« simulator »»
[13:39:55] <+T4n_paper> Shorts TF @ 826.5 -> Add «« simulator »»
[13:42:15] <+T4n_paper> Covered TF Short @ 826 --> 0 «« simulator »»
[13:44:36] <@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, QQQ, SPY) and Forex Currencies
[14:07:57] <+T4n_paper> Shorts TF @ 826.3 -> small size «« simulator »»
[14:11:16] <+T4n_paper> Covered TF Short @ 827.3 --> - 1 «« simulator »»
[14:13:29] <+T4n_paper> perfect timing in reverse
[14:55:27] <@wrbtrader> FYI - 3pm est key market event - Credit Report
[14:57:11] <@wrbtrader> Shorts Emini TF @ 824.00 -> small size
[14:57:17] <@wrbtrader> 3 contracts
[14:57:22] <@wrbtrader> intuition
[14:58:01] <@wrbtrader> Covered all Emini TF Short @ 824.00 --> 0
[14:58:26] <@wrbtrader> Had I gotten back about 5 minutes earlier...I wouldn't have missed most of that move :(
[14:59:08] <@wrbtrader> was rushing to get back home after I realized there was a 3pm est report that usually has a price reaction that begins around 2:55pm est
[15:02:29] <@wrbtrader> Creeper Down Movement
[15:03:04] <@wrbtrader> in Emini NQ
[15:03:47] <@wrbtrader> now confirmed
[15:05:26] <@wrbtrader> Shorts Emini TF @ 824.70 -> small size
[15:05:40] <@wrbtrader> 3 contracts
[15:08:03] <@wrbtrader> tighten stop
[15:08:36] <@wrbtrader> Covered all Emini TF Short @ 825.20 --> - 0.5
[15:09:52] <@wrbtrader> Emini ES and YM retraced the Credit Report price action
[15:11:36] <@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, QQQ, SPY) and Forex Currencies
[15:11:59] <@wrbtrader> Emini NQ retraced its price reaction to the Credit Report
[15:16:57] <@wrbtrader> Long Emini TF @ 826.00 -> small size
[15:17:02] <+T4n_paper> would have lost had i taken that short
[15:17:07] <@wrbtrader> 1 contract
[15:17:27] <@wrbtrader> Creeper Up Movement in Emini ES
[15:17:41] <@wrbtrader> that's not usual :)
[15:18:45] <+T4n_paper> What isn't usual?
[15:18:47] <@wrbtrader> Long Emini TF @ 826.00 -> Add
[15:18:51] <+T4n_paper> es creeper?
[15:19:05] <@wrbtrader> 2 contracts added
[15:22:37] <@wrbtrader> Emini TF retraced its price reaction to the Credit Report
[15:22:47] <@wrbtrader> Yet, it seems now to be stuck in mud
[15:26:47] <@wrbtrader> Exited all Emini TF Long @ 827.00 --> + 2
[15:26:59] <@wrbtrader> +1 point per contract
[15:28:25] <@wrbtrader> had no WRB target so I used Emini TF reaction high @ 1410pm est especially because that reaction high had a WRB Hidden GAP
[15:30:04] <@wrbtrader> initial entry into the Long via 1 contract was a position size error...
[15:30:09] <@wrbtrader> went 1 instead of 3
[15:30:29] <@wrbtrader> That's the reason why I added 2 more contracts later when I realized I was missing two
[15:33:53] <+T4n_paper> Long TF @ 826.5 -> medium size «« simulator »»
[15:35:59] <+T4n_paper> Exited TF Long @ 826.9 --> + 0.4 «« simulator »»
[15:39:31] <+T4n_paper> Shorts TF @ 826.2 -> small size «« simulator »»
[15:43:45] <+T4n_paper> Shorts TF @ 826.7 -> Add «« simulator »»
[15:44:45] <@wrbtrader> 3:45pm - 4:00pm est rush hour traffic
[15:45:24] <@wrbtrader> Lately we've been seeing "unusual" price contradiction between Emini TF against the other Emini futures as if they lost their correlation
[15:45:44] <+T4n_paper> ym creeping higher
[15:45:55] <+T4n_paper> bit worried
[15:46:31] <@wrbtrader> Shorts Emini TF @ 826.00 -> small size
[15:46:42] <@wrbtrader> 2 contracts
[15:46:56] <@wrbtrader> intuition
[15:47:02] <@wrbtrader> volatility increasing
[15:47:03] <+T4n_paper> Covered TF Short @ 824.9 --> + 3.1 «« simulator »»
[15:48:05] <@wrbtrader> trailing @ profit
[15:48:32] <@wrbtrader> Covered all Emini TF Short @ 824.90 --> + 1.1
[15:49:55] <+T4n_paper> if I hadn't averaged, I would have bailed for a slight loss...
[15:56:57] <@wrbtrader> Right now I don't trust this price action via LESS correlation we've been seeing lately in the few minutes before the 4pm est regular session close
[15:57:43] <@wrbtrader> Simply, I'm sidelined...will just watch especially since I've rreached my profit goal for the day on that last trade
[15:59:10] <+T4n_paper> Shorts TF @ 825.4 -> small size «« simulator »»
[15:59:59] <+T4n_paper> Covered TF Short @ 825.8 --> - 0.4 «« simulator »»
[16:01:59] <+Tigerman> FYI today Italy government say ok for a transaction tax on financial trade :( :(
[16:02:00] <+T4n_paper> EOD kicks out reason
[16:02:29] <+Tigerman> France sya wanna start with this tax on August
[16:02:48] <+Tigerman> wrbtrader how ABSURD IS THIS THING???
[16:41:37] <@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, QQQ, SPY) and Forex Currencies
[16:58:14] <+Tigerman> take care all see tomorrow
Session Close: Tue Feb 07 18:22:11 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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