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 Post subject: February 8th Wednesday - Futures, ETFs and Forex Currencies
 Post Posted: Thu Feb 09, 2012 9:47 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

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

Session Start: Wed Feb 08 07:39:03 2012
Session Ident: #FuturesTrades
[07:39:03] * Now talking in #FuturesTrades
[07:39:03] <@X> [NihabaAshi] chat room archives @ viewforum.php?f=20
[08:59:40] <@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
[09:09:59] <@wrbtrader> Good morning all...anybody in here having problems logging into the Othernet for #Futurestrades or #VolatilityTradingTSL chat rooms ???
[09:10:32] <@wrbtrader> It took 14 connection attempts on the "Fremont Server" to get connected.
[09:11:44] <StormwolfT> gm. no
[09:12:09] <wiseguy7600> nope, all fine
[09:12:42] <+wiseguy7600> though probably doesn´t count as i had the machine on all night :-)
[09:13:36] <@wrbtrader> I got back in time from a 1 1/2 hour power walk up in the mountain with -21 degrees.
[09:14:31] <+wiseguy7600> nice.so it´s not only that cold in europe atm?
[09:14:56] <Tigerman> gm all
[09:15:03] <+wiseguy7600> i think we had high degree of -30 in moscow
[09:15:16] <@wrbtrader> Yeah...its cold here too as it is in Europe.
[09:15:24] <+Tigerman> wrbtrader x me everithing ok in othernet
[09:15:29] <@wrbtrader> Yet, Europe is worst
[09:15:57] <+wiseguy7600> a bit warmer here in the south of spain. we are approaching 0 degrees at night though. very unusual
[09:16:09] <+Tigerman> yep here was -10 but strong wind 150KM /hour
[09:16:25] <+StormwolfT> its close to 30 degress celsium everyday here in brazil
[09:16:29] <+Tigerman> difficult warming up my house
[09:17:08] <+Tigerman> lucky storm
[09:17:18] <+Tigerman> I like hot weather
[09:18:16] <+wiseguy7600> not sure you guys look at macro news too much, but today everybody has been awaiting the results of the greek consultation talks. think they have started a bit ago and should be announced soon... just in case you see some unusual action.
[09:18:34] <+wiseguy7600> so far liquidity has been horrible
[09:18:53] <+Tigerman> wiseguy thanks to remaind us
[09:19:10] <+Tigerman> the greek is a never ending issue
[09:19:34] <+Tigerman> simply they not permit a default
[09:19:58] <+Tigerman> and buy time with EU tax payer :(
[09:20:08] <+wiseguy7600> yup. no easy solution. a clear solution, ie break-up of the euro would result in chaos but be good mid-term
[09:20:36] <+wiseguy7600> the whole south of europe is fu$%d as long as they have to follow the german lead
[09:21:48] <+Tigerman> yep but we all tied
[09:22:08] <+Tigerman> Italy is a big partner x germany
[09:22:42] <+Tigerman> otherwise they do not know how to sell their nmw :)
[09:22:56] <+wiseguy7600> the north of italy is strong, only problem with italy is corruption
[09:22:59] <+Tigerman> bmw car I mean
[09:23:22] <+wiseguy7600> we here in spain can´t compete. you look around and everything comes from german
[09:23:35] <+wiseguy7600> cars, kitchens, tools etc
[09:25:46] <+wiseguy7600> basically you name it, either from germany (high end) or china (low end)... nothing in between
[09:26:27] <+Tigerman> yep china entry in wto was a suicide for western country
[09:26:54] <+Tigerman> and was not a silly mistake .....
[09:32:26] <+Trendtrader> gm all
[09:32:43] <+Trendtrader> Long Emini TF @ 827.9 «« simulator »»
[09:39:16] <@wrbtrader> Shorts Emini TF @ 826.50 -> medium size
[09:39:21] <@wrbtrader> 2+2
[09:40:49] <@wrbtrader> Big battle so far in this price area
[09:41:26] <@wrbtrader> Covered all Emini TF Short @ 827.30 --> - 0.8
[09:41:29] <+Trendtrader> Long Emini TF @ 826.8 -> Add «« simulator »»
[09:43:42] <+Trendtrader> Exited 3/4 Emini TF Long @ 828 --> + 1.2 «« simulator »»
[09:46:01] <+Trendtrader> Exited Emini TF Long @ 828.9 --> + 1 «« simulator »»
[09:47:57] <+Trendtrader> actually +2.1. platform is FIFO
[09:53:12] <+Trendtrader> Exited Remainder Emini TF Long @ 830.1 --> + 2.2 «« simulator »»
[09:53:48] <+Trendtrader> +3.3
[09:53:50] <@wrbtrader> Long Emini TF @ 830.20 -> medium size
[09:53:59] <@wrbtrader> 2+2
[09:54:17] <+Tigerman> long IWM 83.09
[09:56:00] <+Tigerman> cover IWM 83.13
[09:56:12] <+Tigerman> +0.4
[09:56:17] <@wrbtrader> Exited all Emini TF Long @ 830.70 --> + 0.5
[09:56:30] <+Tigerman> seems no script x IWM ?
[09:57:15] <@wrbtrader> You need to go inside the script editor and change any symbol you don't trade via replacing it with IWM
[09:57:50] <+Tigerman> ok good I ll do it tommorow
[09:58:07] <+Tigerman> not wanna mess my trading section
[09:58:16] <+Tigerman> thanks wrbtrader
[09:59:28] <+Tigerman> today my broker (IB) closed my data x TF and wanna additional money x it
[09:59:49] <+Tigerman> lucky I solved some day ago with other data vendor
[10:00:01] <+Tigerman> e-signal
[10:00:40] <+Tigerman> but give me some problem with chart and renew again my setip
[10:01:02] <+StormwolfT> I use IB, what you mean they wanna additional money?
[10:01:46] <+Tigerman> I mean they want a subscribtion x TF future
[10:02:01] <+Tigerman> I pay x many diffrent markets
[10:02:11] <+Tigerman> but till today no x TF
[10:02:29] <+Tigerman> do you have TF symbol x free?
[10:03:09] <+StormwolfT> TF data costs me $1 if I execute at least 1 trade
[10:03:18] <+StormwolfT> $75 if I don't
[10:04:29] <+Tigerman> ok so you speak about the future TF
[10:04:50] <+Tigerman> so 75$ amonth and need only a trade in that month ?
[10:05:15] <+StormwolfT> its $1 if I do a trade. obviusly I always do the trade
[10:05:59] <+Tigerman> because now after trading live TF I switched on IWM until regain confidence
[10:06:07] <+StormwolfT> the market data page says $75 but its actually $1 plus the cost of the trade
[10:07:10] <+Tigerman> ok thanks I assume you pay 2.4 $ atrade x TF or what?
[10:07:40] <+StormwolfT> I believe I paid $2 per side
[10:12:21] <+Tigerman> ok thanks and enjoy your hot weather :)
[10:12:38] <+Tigerman> I have to wait many months x that
[10:13:53] <+StormwolfT> I think that $2 per side is a bit expensive compared to Velocity and some others
[10:16:38] <+Tigerman> yep velocity seems good also x-trader platform is a must
[10:17:01] <+Tigerman> we also have to consider financial strengh of the broker
[10:17:39] <+Tigerman> in this crisis is very importnt ... after MF default
[10:29:41] <@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
[10:30:08] <T4n_paper> Long TF @ 831.1 -> small size «« simulator »»
[10:35:16] <+T4n_paper> Long TF @ 830.6 -> Add «« simulator »»
[10:35:25] <+T4n_paper> Long TF @ 830.1 -> Add «« simulator »»
[10:35:30] <+T4n_paper> Exited TF Long @ 829.6 --> - 2 «« simulator »»
[10:36:45] <+T4n_paper> super fail
[10:44:00] <@wrbtrader> Emini TF looks like it wants to retrace everything today
[10:44:26] <@wrbtrader> Emini YM has already dropped to new intraday lows
[10:56:09] <@wrbtrader> Shorts Emini TF @ 827.20 -> small size
[10:56:15] <@wrbtrader> 3 contracts
[10:58:42] <@wrbtrader> WRB pt1 reached
[11:00:18] <@wrbtrader> volatility spike retracement back up
[11:01:39] <@wrbtrader> Covered all Emini TF Short @ 827.10 --> + 0.1
[11:03:50] <@wrbtrader> Geeesh
[11:04:06] <@wrbtrader> new intraday lows for Emini TF
[11:04:16] <ST666> power outage. did you cover the short?
[11:04:30] <+Tigerman> yep entered short and exited on the retrace back
[11:04:33] <@wrbtrader> too bad that spike up took me out for a tiny profit
[11:04:33] <+Tigerman> :(
[11:04:47] <+Tigerman> I got a small loss
[11:05:00] <+ST666> that was a creeper down trade?
[11:05:26] <@wrbtrader> Creeper Dowm Movement obviously still intact
[11:05:36] <@wrbtrader> Shorts Emini TF @ 824.20 -> medium size
[11:05:53] <@wrbtrader> trade error
[11:05:59] <+Tigerman> any news cause this sell off?
[11:06:33] <@wrbtrader> will hold
[11:07:46] <@wrbtrader> Covered all Emini TF Short @ 823.90 --> + 0.3
[11:07:55] <@wrbtrader> Houdini Escape
[11:08:12] <+ST666> you entered by accident?
[11:08:27] <+wiseguy7600> squawk saying stops being run...not sure if that´s the reason. usually they just make up some shi$%
[11:09:07] <@wrbtrader> waiting for some volatility contraction to show up
[11:09:32] <@wrbtrader> in contrast...its still increasing
[11:13:16] <+wiseguy7600> ecb hasn´t decided on greece yet. bonds just spiked again
[11:15:25] <@wrbtrader> Shorts Emini TF @ 822.90 -> medium size
[11:15:46] <@wrbtrader> that's a scale 3 and the 1
[11:15:56] <@wrbtrader> intuition
[11:18:21] <@wrbtrader> WRB pt1 reached
[11:18:25] <@wrbtrader> trailing @ profit
[11:19:14] <@wrbtrader> Covered all Emini TF Short @ 822.60 --> + 0.3
[11:19:46] <@wrbtrader> I hate these types of price drop...
[11:20:06] <@wrbtrader> They take it back up "a little" just to shake you out and then they drop it...
[11:20:21] <+ST666> why not loosen the stop
[11:20:38] <@wrbtrader> You NEVER do that.
[11:20:51] <@wrbtrader> Always stick to your trading plan
[11:21:11] <@wrbtrader> In contrast, you can loosen your trail stop but NEVER your initial stop
[11:22:43] <@wrbtrader> Simply, NEVER let a profitable trade become a LOSING trade
[11:23:03] <@wrbtrader> that's what most do that get into the habit of "loosen they stops"
[11:23:29] <@wrbtrader> Creeper Down Movement still intact
[11:23:35] <+ST666> just to give a little room
[11:23:56] <@wrbtrader> I'll repeat...never let a profitable trade become a losing trade.
[11:26:23] <@wrbtrader> Emini ES, YM and NQ now contracting nicely
[11:31:00] <StormwolfT> are you stopping trading due mid-day session?
[11:31:33] <@wrbtrader> Yep...I'm nowhere near my profit goal for the day.
[11:31:43] <@wrbtrader> Thus, will be taking lunch around 1230pm est
[11:34:05] <@wrbtrader> Shorts Emini TF @ 821.60 -> small size
[11:35:14] <@wrbtrader> WRB pt1 reached
[11:35:29] <@wrbtrader> Covered all Emini TF Short @ 820.90 --> + 0.7
[11:35:52] <@wrbtrader> finally caught a WRB pt1 and was able to exit as such
[11:38:53] <@wrbtrader> Creeper Down Movement obviously still intact
[11:48:17] <@wrbtrader> I was exchanging emails yesterday with someone that had a unique perspective about some of the "strange" price action we've been seeing in Emini TF correlation with the other Emini futures
[11:49:16] <@wrbtrader> One, he said more retail brokers have RECENTLY RAISED their typical margin requirements for trading the Emini TF along with the Initial Requirements.
[11:49:59] <@wrbtrader> In addition, he "thinks" the result has attracted MORE institutional participation and LESS retail participation
[11:51:05] <@wrbtrader> Thus, more "algo" involvement
[11:52:00] <@wrbtrader> Anyways, just a thought but the only facts are that I too have notice more brokers have raised their margin requirments for trading the Emini TF.
[11:53:03] <@wrbtrader> By the way, I do remember ICE Exchange specifically stating that the reason why they bought the Emini ER2 from the CME and change it to the Emini TF was to ATTRACT more institutional clients.
[11:55:08] <+wiseguy7600> always bad when the ratio of smart money vs. dumb paper increases
[11:55:47] <+wiseguy7600> we notice it in the fixed income world. with all those stupid regional banks running out of chips, only the sharks are left
[11:56:41] <@wrbtrader> Yep
[11:58:23] <+wiseguy7600> it´s like with poker. you want the happy holiday maker on the table, not the pros
[11:58:28] <+Tigerman> wrbtrader and all what do you think about the proposal tax on financial transation in EU?
[11:58:41] <+Tigerman> France wanna start from 1 august
[11:59:37] <@wrbtrader> I really don't know a lot about it other than that I've read a few blogs by retail traders saying it will be the death of day trading
[11:59:41] <@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
[12:01:17] <+Tigerman> seems they change a little from starting rule
[12:01:58] <@wrbtrader> I wouldn't be surprise one day in the near future (if there's another financial crisis) that require "traders" to pay a yearly license fee just for the privilege of having a broker account :(
[12:02:06] <+Tigerman> what is not clear is a tax on the residence of the trader or the exchange involved
[12:02:44] <@wrbtrader> Well...you know how fees go down hill and us retail traders are at the bottom
[12:02:52] <+Tigerman> seems , and I hope is this second option
[12:03:17] <+Tigerman> if you trade france stock or derivates you pay
[12:03:19] <@wrbtrader> Thus, no matter who they tax with a fee...us retail traders will eventually get hit with some cost increase somewhere
[12:03:40] <+Tigerman> in contrast if you buy US stock and futures no problem
[12:03:54] <+Tigerman> in this way it is ok for me :)
[12:04:06] <StormwolfT> global competition can save us. we can change the contracts to HK futures or other countries
[12:04:21] <+wiseguy7600> don´t think that will hold. if that´s the case it will put french companies at a huge disadvantage
[12:04:40] <+wiseguy7600> and exchanges willjust move offshore
[12:04:58] <+wiseguy7600> london to start and then HK, Singapure, Dubai if necessary
[12:05:05] <+Tigerman> sure wise but this guys are all..... better no say in pubblic area
[12:05:46] <@wrbtrader> Exactly, if profitability is an issue...we're just go elsewhere to trade.
[12:06:04] <+wiseguy7600> one of the advantages of a SMALL transaction tax w(c)ould be that it would drive algos out of business
[12:06:14] <@wrbtrader> Thus, if there comes a day where I can only trade the Hang Seng HSI to avoid getting killed with "bogus fees"...
[12:06:23] <@wrbtrader> I'll move to Hong Kong :)
[12:06:33] <+Tigerman> yep wrbtrader if the issue is the exchange is ok
[12:06:45] <+wiseguy7600> really depends how they implement it. for the moment I think sarkozy just anounced it to get re-elected
[12:07:18] <+Tigerman> what I do not wanna hera is if this tax depends on the fiscal residence of the trader
[12:07:37] <+wiseguy7600> they can´t really control it
[12:07:43] <@wrbtrader> I understand Economics...I understand Business decisions...
[12:07:58] <+wiseguy7600> u could easily open an account with US broker/clearer f.e.
[12:08:08] <@wrbtrader> But when they add Politics to Economics and Business decisions...
[12:08:10] <@wrbtrader> I'm lost
[12:08:12] <@wrbtrader> :(
[12:09:08] <+Tigerman> simply politics are not there to do nice things
[12:09:23] <+wiseguy7600> it´s all politics. they want to appear tough versus the finacial industry. which in my opinion is ok, they just have to be careful how they implement it
[12:09:53] <+Tigerman> otherwise thsy work in other competitive fields
[12:10:08] <+Tigerman> yep wise I agreed
[12:10:56] <+wiseguy7600> one thing is certain, they won´t ask us traders...
[12:11:40] <+Tigerman> anyway the situation is going so bad they try to get as money as they can frim tax payer
[12:12:24] <+wiseguy7600> yup, not that many places to hide. unless u have your money in asia or so
[12:13:15] <@wrbtrader> Long Emini TF @ 821.50 -> small size
[12:13:19] <@wrbtrader> 1 contract
[12:13:29] <+Tigerman> singapore or hong kong are good
[12:13:40] <@wrbtrader> Emin ES not in a Creeper Up Movement but the Emini NQ and YM are in a Creeper Up Movement
[12:14:05] <@wrbtrader> Thus, my Long in Emini TF is via the price action of Emini NQ and YM
[12:14:41] <@wrbtrader> Exited Emini TF Long @ 821.90 --> + 0.4
[12:14:49] <@wrbtrader> WRB pt1 reached
[13:26:42] <@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
[13:41:51] <+T4n_paper> Shorts TF @ 822.8 -> small size «« simulator »»
[13:45:39] <+T4n_paper> Covered TF Short @ 822.7 --> + 0.1 «« simulator »»
[14:17:09] <+T4n_paper> Shorts TF @ 822.1 -> small size «« simulator »»
[14:21:20] <+T4n_paper> Covered TF Short @ 822.1 --> 0 «« simulator »»
[14:56:01] <@wrbtrader> Creeper Up Movement still intact
[14:56:42] <@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
[15:00:04] <wave1> hi all
[15:00:14] <@wrbtrader> Hi wave1
[15:00:16] <+wave1> just check in busy at office
[15:00:23] <+wave1> Hi N
[15:01:40] <+wave1> mkt squeeze S everyday ..
[15:05:23] <+wave1> nq new highs everyday
[15:14:33] <+T4n_paper> Long TF @ 826.1 -> small size «« simulator »»
[15:14:37] <@wrbtrader> Long Emini TF @ 826.00 -> small size
[15:14:46] <@wrbtrader> 1 contract
[15:15:54] <+T4n_paper> Long TF @ 825.6 -> Add «« simulator »»
[15:15:56] <@wrbtrader> tighten stop
[15:20:46] <@wrbtrader> Exited Emini TF Long @ 825.70 --> - 0.3
[15:21:20] <+wave1> nq moving up Tf retarce
[15:21:30] <+wave1> nq is just too powerful
[15:22:08] <@wrbtrader> Shorts Emini TF @ 825.20 -> small size
[15:22:16] <@wrbtrader> 2 contracts
[15:22:21] <@wrbtrader> volatility increasing
[15:22:33] <+T4n_paper> Long TF @ 825.1 -> Add «« simulator »»
[15:22:50] <+wave1> S 40 nq papaer
[15:23:04] <@wrbtrader> Creeper Down Movement confirmec
[15:23:54] <@wrbtrader> Covered all Emini TF Short @ 824.90 --> + 0.3
[15:25:22] <@wrbtrader> In contrast, Emini NQ and ES are still in a Creeper Up Movement
[15:25:35] <+wave1> y
[15:26:23] <@wrbtrader> Emini NQ and ES has a WRB HIdden GAP @ 1442pm est
[15:27:10] <@wrbtrader> EuroFX 6E futures, Forex EurUsd currency and Light Crude Oil CL futures are now in a low volatility range bound
[15:27:31] <+wave1> y hiden gap
[15:30:11] <@wrbtrader> Long Emini TF @ 825.50 -> small size
[15:30:21] <@wrbtrader> 2 contracts
[15:30:40] <@wrbtrader> intuition based upon the price action of Emini ES and NQ
[15:31:24] <@wrbtrader> tight stop because Emini TF is still in a Creeper Down Movement
[15:31:50] <@wrbtrader> Exited all Emini TF Long @ 825.20 --> - 0.3
[15:32:04] <+T4n_paper> Exited TF Long @ 825.1 --> - 1 «« simulator »»
[15:32:05] <@wrbtrader> Shorts Emini TF @ 825.10 -> small size
[15:32:10] <@wrbtrader> 3 contracts
[15:32:16] <@wrbtrader> volatility increasing again
[15:33:34] <@wrbtrader> WRB pt1 reached (shallow) :(
[15:34:05] <@wrbtrader> will hold
[15:35:05] <@wrbtrader> Emini ES and NQ still holding their Creeper Up Movement
[15:35:32] <@wrbtrader> Covered all Emini TF Short @ 825.10 --> 0
[15:36:15] <+T4n_paper> Long TF @ 825.1 -> small size «« simulator »»
[15:36:35] <@wrbtrader> Long Emini TF @ 825.30 -> small size
[15:36:47] <@wrbtrader> 3 contracts
[15:37:18] <+T4n_paper> Exited TF Long @ 825.6 --> + 0.5 «« simulator »»
[15:37:20] <@wrbtrader> WRB pt1 reached (shallow)
[15:37:23] <@wrbtrader> geeesh :(
[15:37:46] <@wrbtrader> will hold
[15:38:35] <@wrbtrader> Exited all Emini TF Long @ 825.40 --> + 0.1
[15:40:21] <@wrbtrader> 5 quick trades in a 7 tick range...that's tough
[15:40:44] <@wrbtrader> Range getting tighter in Emini ES and NQ
[15:41:22] <+wave1> yup geez it is very narrow heer not easy at all to take a setup
[15:41:33] <+Tigerman> yep seems the rush hour is a choppy contractin area
[15:41:56] <@wrbtrader> It's setting up for a pop into the rush hour traffic
[15:42:39] <+Tigerman> not clear which side the pop
[15:42:52] <+wave1> y looks like S cant get any traction may close to the high side
[15:42:52] <+T4n_paper> Long TF @ 825.4 -> small size «« simulator »»
[15:44:37] <@wrbtrader> Long Emini TF @ 825.80 -> small size
[15:44:46] <@wrbtrader> 3:45pm - 4:00pm est rush hour traffic around the corner
[15:44:56] <@wrbtrader> 3 contracts
[15:45:09] <+T4n_paper> Exited TF Long @ 825.6 --> + 0.2 «« simulator »»
[15:45:41] <@wrbtrader> Exited all Emini TF Long @ 825.30 --> - 0.5
[15:47:39] <@wrbtrader> Emini TF testing the bottom of that trading range
[15:47:57] <@wrbtrader> Emini NQ volatility spike down
[15:48:09] <+T4n_paper> Long TF @ 824.9 -> small size «« simulator »»
[15:48:26] <@wrbtrader> if they can push a little higher...I'm in for a Long
[15:49:13] <+wave1> out -1.5 nq
[15:51:50] <+T4n_paper> Exited TF Long @ 825.3 --> + 0.4 «« simulator »»
[15:53:12] <+T4n_paper> getting too damn tight
[15:54:27] <@wrbtrader> It's trying hard to push into a volatility spike (Up or Down)
[15:55:11] <@wrbtrader> Long Emini TF @ 825.90 -> medium size
[15:55:20] <@wrbtrader> 2+2
[15:55:25] <@wrbtrader> tight stop
[15:58:59] <@wrbtrader> trailing @ profit
[15:59:06] <+wave1> vn
[16:01:23] <@wrbtrader> Exited all Emini TF Long @ 827.90 --> + 2
[16:01:38] <+Tigerman> very good
[16:01:59] <@wrbtrader> Wish I had a crystal ball this late afternoon that told me I only needed to make ONE trade...the last one :(
[16:02:38] <+Tigerman> yep very hard
[16:03:10] <+Tigerman> sometimes we have many small loss before catch a runner
[16:03:13] <@wrbtrader> That tight choppy range setup that volatility spike...
[16:03:24] <+Tigerman> but the overall result is not good
[16:03:40] <@wrbtrader> That's the only reason why I held this trade BEYOND a WRB pt1 when it reached WRB pt1
[16:03:42] <+T4n_paper> I feel like i'm never on board the big stuff
[16:04:25] <+Tigerman> very good wrbtrader your experience makes alot of differencein trade like this
[16:06:18] <+StormwolfT> why you exited at 827.90?
[16:06:24] <@wrbtrader> I had the direction correct in that low volatility tightening trading range...
[16:06:41] <@wrbtrader> Out of 6 trades in it...4 were to the Long side
[16:18:50] <@wrbtrader> In hindsight, the only "contradiction" that persisted into the late afternoon trading session (after 3pm est)...
[16:19:22] <@wrbtrader> The Creeper Down Movement in Emini TF while it was a Creeper Up Movement in Emini ES and Emini NQ
[16:20:22] <@wrbtrader> These contradictions that use to be "rare" are becoming more commonplace since the start of the New Year...
[16:20:28] <@wrbtrader> Making trading very tough
[16:23:43] <@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
[16:44:59] <+Tigerman> take care all see tomorrow
[17:54:59] <@wrbtrader> Take care and see all tomorrow
Session Close: Wed Feb 08 21:13:23 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
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