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 Post subject: February 9th Thursday - Futures, ETFs and Forex Currencies
 Post Posted: Thu Feb 09, 2012 9:50 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:
020912-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 Feb 09 09:23:42 2012
Session Ident: #FuturesTrades
[09:23:42] * Now talking in #FuturesTrades
[09:23:42] <@X> [NihabaAshi] chat room archives @ viewforum.php?f=20
[09:30:45] <Trend> gm all
[09:31:01] <+Trend> Shorts Emini TF @ 828.9 «« simulator »»
[09:32:33] <Tigerman> gm all
[09:33:22] <@wrbtrader> Shorts Emini TF @ 828.30 -> medium size
[09:33:41] <@wrbtrader> 4 contracts
[09:33:44] <+Trend> Covered 1/2 Emini TF Short @ 827.9 --> + 1 «« simulator »»
[09:33:47] <@wrbtrader> chasing / intuition
[09:36:39] <+Trend> Covered Remainder Emini TF Short @ 826.5 --> + 2.4 «« simulator »»
[09:36:54] <+Trend> pt1 reached
[09:36:55] <@wrbtrader> Covered all Emini TF Short @ 826.00 --> + 2.3
[09:37:01] <+Tigerman> sell off on TF this morning
[09:37:16] <@wrbtrader> WRB pt1 reached
[09:37:29] <+Trend> nice, wrb.
[09:38:46] <@wrbtrader> thanks
[09:39:08] <@wrbtrader> I missed a key trade yesterday due to my charts not being setup properly...
[09:39:09] <+Tigerman> yep very good wrbtrader
[09:39:29] <@wrbtrader> I am determine not to make the same mistake today.
[09:39:38] <@wrbtrader> Simply, I'm not touching my charts today :)
[09:42:41] <@wrbtrader> Pending 10am est Wholesale Inventories (US) and NIESR GDP Estimate (GBP)
[09:45:43] <wiseguy7600> morning
[09:46:28] <+wiseguy7600> ECB press conference just finished. some wild swings int the euro and equities, apart from fixed income obviously
[09:49:54] <@wrbtrader> Wow...that was a long ECB press conference...I thought it was over
[09:51:36] <+wiseguy7600> i was a bit delayed. finished at 9.30
[09:52:14] <+wiseguy7600> what are a few minutes between "tick-trader-friends" :-)
[09:53:57] <@wrbtrader> Creeper Down Movement price action confirmed
[09:57:02] <@wrbtrader> EuroFX 6E futures trying to go higher again
[09:59:14] <wave1> gm all
[10:03:36] <+wave1> L 45.5 es paper
[10:06:26] <+wave1> out -1t
[10:10:23] <@wrbtrader> Shorts Emini TF @ 823.00 -> small size
[10:10:33] <@wrbtrader> 3 contracts
[10:11:39] <@wrbtrader> a long signal trying to setup :(
[10:11:45] <@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
[10:12:01] <@wrbtrader> Covered all Emini TF Short @ 823.70 --> - 0.7
[10:12:07] <+Trend> i agree.
[10:12:40] <@wrbtrader> Long Emini TF @ 823.50 -> large size
[10:12:46] <@wrbtrader> 4+2
[10:12:50] <+wave1> y s iffy
[10:13:34] <@wrbtrader> Exited all Emini TF Long @ 823.20 --> - 0.3
[10:15:10] <@wrbtrader> Long Emini TF @ 823.50 -> large size
[10:15:19] <@wrbtrader> re-entry
[10:15:50] <+Trend> Long Emini TF @ 823.5 «« simulator »»
[10:19:18] <@wrbtrader> Exited all Emini TF Long @ 823.80 --> + 0.3
[10:19:34] <+wave1> chop a biy here
[10:20:28] <+wave1> nq show no strngth at all
[10:21:07] <@wrbtrader> Shorts Emini TF @ 822.20 -> medium size
[10:21:35] <@wrbtrader> Creeper Down Movement...will be a fight here at a support area
[10:21:58] <+wave1> y staying away'
[10:22:12] <@wrbtrader> late on the entry but only because I wanted it to clear the volatility contraction
[10:23:30] <+Trend> Long Emini TF @ 821.3 -> Add «« simulator »»
[10:26:38] <@wrbtrader> Covered all Emini TF Short @ 819.90 --> + 2.3
[10:26:59] <+wave1> wd N
[10:28:24] <@wrbtrader> Two consecutive "negative" key market events in combo with a Creeper Down Movement...reason why I eventually went back to Shorting...
[10:29:03] <@wrbtrader> Only errors were my position size management...heavy on the Longs when I should have been smaller while smaller on the Shorts when I should have been heavier.
[10:29:05] <+wave1> hmm missed the news ...
[10:29:49] <@wrbtrader> Yet, I did keep the Longs on a tight stop rope.
[10:30:36] <+wave1> good trade management
[10:36:04] <@wrbtrader> Creeper Down Movement still intact...still reacting to those negative key market events
[10:37:10] <@wrbtrader> Lets see if the Natural GAP EIA report that was just released cause a pause or at least some volatility contraction going sideways
[10:37:23] <@wrbtrader> meant Natural GAS EIA report
[10:37:30] <+wave1> k thks
[10:47:28] <+wave1> L nq 46
[10:54:14] <T4n_paper> Shorts TF @ 820.9 -> small size «« simulator »»
[10:55:36] <@wrbtrader> Shorts Emini TF @ 821.20 -> small size
[10:55:49] <@wrbtrader> 2 contracts
[10:56:02] <+wave1> out 50 nq
[10:56:28] <+wave1> N S i beetr get out
[10:57:08] <@wrbtrader> Covered all Emini TF Short @ 822.20 --> - 1
[10:57:27] <+T4n_paper> Shorts TF @ 821.4 -> Add «« simulator »»
[10:57:35] <+T4n_paper> Shorts TF @ 821.9 -> Add «« simulator »»
[10:57:39] <+T4n_paper> Covered TF Short @ 822.4 --> - 2 «« simulator »»
[10:58:00] <+Trend> Exited 3/4 Emini TF Long @ 823.1 --> + 1.8 «« simulator »»
[10:58:04] <@wrbtrader> volatility spike upwards taking out a WRB Hidden GAP in Emini ES
[10:59:39] <+wave1> looking for reentry pn mq L
[11:04:17] <+T4n_paper> Long TF @ 822.3 -> small size «« simulator »»
[11:08:35] <+T4n_paper> Long TF @ 821.8 -> Add «« simulator »»
[11:10:29] <+wave1> nq siper strong
[11:11:10] <+T4n_paper> Exited TF Long @ 821.4 --> - 1.3 «« simulator »»
[11:11:20] <+T4n_paper> Exited TF Long @ 822.4 --> + 0.1 «« simulator »»
[11:12:56] <+T4n_paper> poor exit as usual
[11:15:00] <@wrbtrader> Creeper Up Movement confirmed
[11:16:35] <+wave1> look back should have stayed in nq super strong
[11:21:34] <+T4n_paper> Long TF @ 822.8 -> small size «« simulator »»
[11:22:12] <+T4n_paper> Exited TF Long @ 823.2 --> + 0.4 «« simulator »»
[11:23:27] <@wrbtrader> Long Emini TF @ 832.20 -> small size
[11:23:38] <@wrbtrader> 2 contracts
[11:23:54] <@wrbtrader> trade based upon the price action of Emini NQ
[11:24:01] <@wrbtrader> Creeper Up Movement
[11:24:24] <@wrbtrader> correction...
[11:24:40] <@wrbtrader> Long Emini TF @ 823.20 -> small size
[11:24:48] <@wrbtrader> nit 832
[11:26:48] <@wrbtrader> a lot of volatility contraction occurring now
[11:26:59] <@wrbtrader> I'm now expecting a volatility spike here soon (up or down)
[11:27:04] <@wrbtrader> tighten stop loss
[11:27:52] <+wave1> lunch time ...just watch
[11:28:42] <@wrbtrader> Exited all Emini TF Long @ 822.90 --> - 0.3
[11:34:13] <@wrbtrader> Emini NQ volatility spike while other Eminis barely moved
[11:39:34] <@wrbtrader> Emini TF volitility spike down
[11:40:20] <+Trend> Exited Remainder Emini TF Long @ 821.3 --> - 2.2 «« simulator »»
[11:41:06] <+Trend> +1.8
[11:41:46] <@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
[11:52:34] <@wrbtrader> Emini TF back inside the range of that prior killer volatility contraction
[11:57:47] <+Tigerman> TF is on his own
[11:57:55] <+Tigerman> stay inside that contraction
[11:58:19] <+Tigerman> while others e-minis are all well above it
[11:59:10] <+T4n_paper> Shorts TF @ 822.9 -> small size «« simulator »»
[12:00:22] <@wrbtrader> Long Emini TF @ 823.80 -> small size
[12:00:31] <+T4n_paper> Shorts TF @ 823.4 -> Add «« simulator »»
[12:00:35] <@wrbtrader> 2 contracts
[12:00:37] <+T4n_paper> Shorts TF @ 823.9 -> Add «« simulator »»
[12:00:51] <+T4n_paper> Covered TF Short @ 824.4 --> - 2 «« simulator »»
[12:00:54] <@wrbtrader> had 823.10 in my sights and hesitated :(
[12:01:42] <@wrbtrader> Exited all Emini TF Long @ 824.00 --> + 0.2
[12:02:04] <@wrbtrader> that's what happens when the entry was ppor
[12:02:09] <@wrbtrader> meant poor
[12:02:25] <@wrbtrader> tougher to manage the trade because of the loss "wiggle room"
[12:13:35] <+T4n_paper> Long TF @ 823.9 -> small size «« simulator »»
[12:17:25] <+T4n_paper> Long TF @ 823.4 -> Add «« simulator »»
[12:21:02] <+T4n_paper> Long TF @ 822.9 -> Add «« simulator »»
[12:23:41] <+T4n_paper> Exited TF Long @ 822.4 --> - 2 «« simulator »»
[12:27:28] <+T4n_paper> Long TF @ 822.8 -> small size «« simulator »»
[12:27:31] <+T4n_paper> Long TF @ 822.3 -> small size «« simulator »»
[12:35:05] <+T4n_paper> Long TF @ 821.8 -> Add «« simulator »»
[12:35:28] <+T4n_paper> fixed averaging in is a terrible idea,
[12:35:59] <+T4n_paper> cant wait for this month to be over
[12:36:47] <+Tigerman> yep terrible condition
[12:37:30] <+T4n_paper> I'd be upset if it actually ended profitably
[12:37:43] <+T4n_paper> because I don't like doing it
[12:51:37] <+T4n_paper> Exited TF Long @ 822.7 --> + 1.3 «« simulator »»
[13:08:46] <@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
[13:35:04] <+T4n_paper> Long TF @ 824.5 -> small size «« simulator »»
[13:41:20] <+T4n_paper> Exited TF Long @ 824.6 --> + 0.1 «« simulator »»
[14:38:47] <@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
[15:29:58] <T4n_paper> Shorts TF @ 824.5 -> small size «« simulator »»
[15:30:12] <@wrbtrader> WRB Hidden GAP @ 1524pm est Emini TF
[15:32:13] <+T4n_paper> Covered TF Short @ 824.4 --> + 0.1 «« simulator »»
[15:36:34] <+T4n_paper> Shorts TF @ 824.2 -> small size «« simulator »»
[15:38:29] <+T4n_paper> Shorts TF @ 824.7 -> Add «« simulator »»
[15:41:47] <@wrbtrader> We now have once again a very tight trading range going into the 3:45pm - 4:00pm est rush hour traffic
[15:44:13] <@wrbtrader> Emini NQ barely moving
[15:44:39] <+T4n_paper> Covered TF Short @ 822.9 --> + 3.1 «« simulator »»
[15:45:16] <@wrbtrader> nice
[15:45:58] <+T4n_paper> only 3.3 points in the hole
[15:46:54] <@wrbtrader> hammer lines on 2min and 3min charts
[15:48:13] <@wrbtrader> Shorts Emini TF @ 822.80 -> small size
[15:48:22] <@wrbtrader> 1 contract
[15:50:18] <+T4n_paper> Shorts TF @ 823 -> small size «« simulator »»
[15:50:36] <@wrbtrader> Shorts Emini TF @ 822.80 -> Add
[15:50:44] <@wrbtrader> 1 added
[15:50:47] <+T4n_paper> tight stop no adding
[15:51:10] <+T4n_paper> Covered TF Short @ 823.4 --> - 0.4 «« simulator »»
[15:52:40] <@wrbtrader> Covered all Emini TF Short @ 823.30 --> - 1
[15:53:01] <@wrbtrader> -0.5 each
[15:54:10] <@wrbtrader> Shorts Emini TF @ 823.50 -> small size
[15:54:26] <@wrbtrader> 2 contracts
[15:54:33] <+T4n_paper> Shorts TF @ 823.5 -> small size «« simulator »»
[15:55:19] <@wrbtrader> It seems content to be stuck here in this price area
[15:55:54] <@wrbtrader> WRB pt1 reached
[15:56:15] <@wrbtrader> Covered all Emini TF Short @ 822.90 --> + 0.6
[15:56:27] <+T4n_paper> Covered TF Short @ 823.1 --> + 0.4 «« simulator »»
[15:56:46] <+T4n_paper> could pop fast against
[15:57:17] <@wrbtrader> Long Emini TF @ 823.70 -> small size
[15:57:26] <@wrbtrader> 2 contracts
[15:58:11] <@wrbtrader> Emini NQ moving higher now while Emini TF declining
[15:59:01] <@wrbtrader> Exited all Emini TF Long @ 823.20 --> - 0.5
[15:59:26] <@wrbtrader> Long Emini TF @ 823.20 -> small size
[15:59:33] <+T4n_paper> Long TF @ 823.5 -> small size «« simulator »»
[15:59:34] <@wrbtrader> 2 contracts
[16:00:10] <@wrbtrader> re-entry
[16:01:14] <+T4n_paper> Exited TF Long @ 823.7 --> + 0.2 «« simulator »»
[16:01:22] <+T4n_paper> i tried
[16:05:47] <@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
[16:06:57] <@wrbtrader> price action feels like I'm trading Emini ES instead of Emini TF
[16:07:13] <@wrbtrader> :(
[16:08:33] <@wrbtrader> Exited all Emini TF Long @ 823.70 --> + 0.5
[16:09:10] <+T4n_paper> eminis stayed aligned
[16:09:24] <@wrbtrader> Tomorrow I won't be trading the last 30 minutes...don't like what I've been seeing lately.
[16:09:36] <@wrbtrader> Thus, will give it a rest for awhile.
[16:09:53] <@wrbtrader> Take care all and see all tomorrow
[16:10:00] <+T4n_paper> seeya
[16:10:30] <+Tigerman> take care all
[17:35:48] <@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
[18:55:25] * Disconnected
Session Close: Thu Feb 09 18:55:25 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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