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 Post subject: March 23rd Friday - Futures, ETFs and Forex Currencies
 Post Posted: Sat Mar 24, 2012 8:21 pm 
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Trader / Forum Admin

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.

Quote:
#FuturesTrades chat room is not a signal calling chat room. Therefore, do not attempt to mimic the trades of other members. Also, if we suspect you've joined #FuturesTrades to try to use it as a signal call chat room in an effort to piggy back (mimic) someone's trades, you will be banned...no exceptions.

#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.

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: Fri Mar 23 07:10:52 2012
Session Ident: #FuturesTrades
[07:10:52] * Now talking in #FuturesTrades
[07:10:52] <@X> [NihabaAshi] chat room archives @ viewforum.php?f=20
[08:23:34] <@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
[08:36:37] * ESvictor is now known as esvictor
[09:32:07] <Trendtrader> Shorts Emini TF @ 817.8 «« simulator »»
[09:32:48] <@wrbtrader> Shorts Emini TF @ 817.60 -> large size
[09:32:57] <@wrbtrader> 6 contracts
[09:34:52] <@wrbtrader> Covered all Emini TF Short @ 817.50 --> + 0.1
[09:35:16] <@wrbtrader> Shorts Emini TF @ 817.40 -> medium size
[09:35:23] <@wrbtrader> 4 contracts
[09:35:26] <@wrbtrader> re-entry
[09:35:47] <@wrbtrader> poor management on prior trade...had a WRB pt1 reach and didn't take it :(
[09:35:58] <+Trendtrader> Covered 1/2 Emini TF Short @ 816.8 --> + 1 «« simulator »»
[09:36:03] <@wrbtrader> WRB pt1 reached
[09:36:17] <@wrbtrader> Covered all Emini TF Short @ 816.50 --> + 0.9
[09:39:10] <+Trendtrader> Covered Remainder Emini TF Short @ 817.7 --> + 0.1 «« simulator »»
[09:45:35] <+Trendtrader> Long Emini TF @ 816.4 «« simulator »»
[09:46:38] <@wrbtrader> Creeper Down Movement intact
[09:50:34] <@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
[09:50:35] <+Trendtrader> Exited 1/2 Emini TF Long @ 817.4 --> + 1 «« simulator »»
[09:55:32] <pat255> gm running late @office
[09:56:15] <+Trendtrader> Exited Remainder Emini TF Long @ 818.4 --> + 2 «« simulator »»
[10:01:28] <@wrbtrader> increasing volatility
[10:02:38] <@wrbtrader> Shorts Emini TF @ 814.90 -> small size
[10:02:45] <@wrbtrader> 2 contracts
[10:04:33] <@wrbtrader> trailing @ profit
[10:04:51] <@wrbtrader> Covered all Emini TF Short @ 814.50 --> + 0.4
[10:07:17] <StormwolfT> Does anyone here uses NinjaTrader?
[10:13:31] <ItalianSharp> Storm, I used it until 2 weeks ago
[10:15:04] <+StormwolfT> were you able to program things like highlighting WRB, WRB zones, etc?
[10:15:20] <+ItalianSharp> I never even tried sorry :(
[10:15:37] <+ItalianSharp> I only used it to execute orders
[10:23:12] <+Trendtrader> Long Emini TF @ 813.5 «« simulator »»
[10:26:30] <+pat255> geez distractions biab
[10:32:49] <+pat255> back ..
[10:35:39] <+Trendtrader> Exited 1/2 Emini TF Long @ 814.5 --> + 1 «« simulator »»
[10:37:34] <+Trendtrader> Exited 1/4 Emini TF Long @ 815.5 --> + 2 «« simulator »»
[10:38:37] <+pat255> ES 5 point bounce
[10:45:19] <+Trendtrader> Exited Remainder Emini TF Long @ 815.5 --> + 2 «« simulator »»
[10:48:05] <@wrbtrader> Long Emini TF @ 816.10 -> small size
[10:48:12] <@wrbtrader> 2 contracts
[10:48:40] <@wrbtrader> Creeper Up Movement
[10:51:32] <pat255> may close the gap
[10:53:14] <@wrbtrader> Exited all Emini TF Long @ 817.10 --> + 1
[10:53:19] <@wrbtrader> WRB pt1 reached
[10:53:24] <+pat255> vn N
[10:53:37] <+StormwolfT> nice, had the same entry and exit as you
[10:58:11] <@wrbtrader> WRB Hidden GAP @ 1052am est
[11:01:53] <@wrbtrader> Creeper Up Movement intact
[11:02:42] <@wrbtrader> Long Emini TF @ 817.20 -> small size
[11:02:49] <@wrbtrader> 2 contracts
[11:04:57] <@wrbtrader> Exited Emini TF Long @ 816.70 --> - 0.5
[11:06:46] <T4n_paper> Long TF @ 817 -> small size «« simulator »»
[11:08:49] <@wrbtrader> Long Emini TF @ 817.10 -> small size
[11:08:57] <@wrbtrader> 2 contracts
[11:09:12] <@wrbtrader> re-entry
[11:09:14] <+T4n_paper> I'm risking the pullback
[11:09:40] <@wrbtrader> It's tight and on low volatility...if wrong...loss is small
[11:10:15] <@wrbtrader> If right...WRB pt1
[11:10:43] <@wrbtrader> Exited all Emini TF Long @ 816.90 --> - 0.2
[11:11:02] <+T4n_paper> Exited TF Long @ 816.4 --> - 0.6 «« simulator »»
[11:13:27] <@wrbtrader> Shorts Emini TF @ 816.90 -> small size
[11:13:37] <@wrbtrader> 1 contract
[11:18:36] <@wrbtrader> Covered Emini TF Short @ 817.10 --> - 0.2
[11:18:43] <@wrbtrader> not looking good
[11:18:52] <@wrbtrader> It tried
[11:19:15] <+StormwolfT> every day seems like vol will come back but it doesn't
[11:19:16] <+pat255> es bounding up
[11:20:35] <@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
[11:22:43] <+T4n_paper> Shorts TF @ 817.2 -> small size «« simulator »»
[11:26:00] <+T4n_paper> Covered TF Short @ 817.8 --> - 0.6 «« simulator »»
[11:26:15] <@wrbtrader> Long Emini TF @ 817.90 -> small size
[11:26:27] <@wrbtrader> 1 contract
[11:26:48] <@wrbtrader> tough trade
[11:26:50] <@wrbtrader> re-entry
[11:27:01] <@wrbtrader> Long Emini TF @ 817.90 -> Add
[11:27:07] <@wrbtrader> 1 added
[11:30:45] <@wrbtrader> Exited all Emini TF Long @ 819.10 --> + 2.4
[11:31:14] <@wrbtrader> +1.2 and +1.2
[11:31:39] <+pat255> vn
[11:31:45] <+pat255> biab lunch
[11:42:43] <@wrbtrader> Be back later around 2:30pm est
[12:09:59] <+T4n_paper> Long TF @ 819.5 -> small size «« simulator »»
[12:16:03] <+T4n_paper> Exited TF Long @ 819.4 --> - 0.1 «« simulator »»
[12:18:13] <+T4n_paper> Shorts TF @ 818.8 -> small size «« simulator »»
[12:19:23] <+T4n_paper> Covered TF Short @ 819 --> - 0.2 «« simulator »»
[12:24:46] <+T4n_paper> Shorts TF @ 819 -> small size «« simulator »»
[12:26:59] <+T4n_paper> Covered TF Short @ 819.6 --> - 0.6 «« simulator »»
[12:28:56] <+T4n_paper> Long TF @ 819.4 -> small size «« simulator »»
[12:33:34] <+T4n_paper> Exited TF Long @ 818.6 --> - 0.8 «« simulator »»
[12:47:35] <@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
[12:48:49] <+T4n_paper> Long TF @ 819.8 -> small size «« simulator »»
[13:00:15] <+T4n_paper> Exited TF Long @ 820.5 --> + 0.7 «« simulator »»
[13:06:29] <+T4n_paper> Long TF @ 821.1 -> small size «« simulator »»
[13:07:27] <+T4n_paper> Exited TF Long @ 820.8 --> - 0.3 «« simulator »»
[13:51:13] <+T4n_paper> Long TF @ 822.7 -> small size «« simulator »»
[13:54:14] <+T4n_paper> Exited TF Long @ 823.1 --> + 0.4 «« simulator »»
[14:05:49] <+T4n_paper> Long TF @ 822.8 -> small size «« simulator »»
[14:06:43] <+T4n_paper> Exited TF Long @ 822.6 --> - 0.2 «« simulator »»
[14:17:36] <@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
[14:27:08] <@wrbtrader> Long Emini TF @ 824.60 -> small size
[14:27:18] <@wrbtrader> 1 contract
[14:36:07] <@wrbtrader> Exited Emini TF Long @ 824.70 --> + 0.1
[14:36:23] <+pat255> back no movement
[14:36:28] <+T4n_paper> Shorts TF @ 824.6 -> small size «« simulator »»
[14:36:29] <+pat255> Fri doledrums
[14:37:09] <+T4n_paper> Covered TF Short @ 824.5 --> + 0.1 «« simulator »»
[14:38:26] <+T4n_paper> Shorts TF @ 824.6 -> small size «« simulator »»
[14:41:08] <+T4n_paper> Covered TF Short @ 824.7 --> - 0.1 «« simulator »»
[14:50:13] <@wrbtrader> Long Emini TF @ 825.00 -> small size
[14:50:21] <@wrbtrader> 2 contracts
[14:50:25] <@wrbtrader> re-entry
[14:50:29] <@wrbtrader> intuition
[14:52:46] <@wrbtrader> WRB pt1 reached...shallow and on low volatility
[14:53:04] <@wrbtrader> volatility now increasing
[14:53:21] <@wrbtrader> Exited all Emini TF Long @ 826.20 --> + 1.2
[14:55:43] <Tigerman> gm all
[15:00:50] <+T4n_paper> Long TF @ 825.6 -> small size «« simulator »»
[15:03:13] <+T4n_paper> Exited TF Long @ 825.7 --> + 0.1 «« simulator »»
[15:26:52] <+StormwolfT> Shorts Emini TF @ 824.9 -> small size «« simulator »»
[15:30:42] <+StormwolfT> Covered all Emini TF Short @ 825.6 --> - 0.7 «« simulator »»
[15:33:51] <@wrbtrader> Long Emini TF @ 825.60 -> small size
[15:33:56] <@wrbtrader> 1 contract
[15:35:52] <@wrbtrader> Exited Emini TF Long @ 825.30 --> - 0.3
[15:37:20] <@wrbtrader> We could easily go into a low volatility tight trading range within the range of the WRB Hidden GAP @ 1510pm est
[15:42:48] <+StormwolfT> Mark, do you have a daily loss limit?
[15:43:14] <@wrbtrader> Yes...
[15:43:30] <@wrbtrader> usually about 3 days worth of profits
[15:44:17] <+Tigerman> so that is the absolute limit in dollar amount
[15:44:54] <@wrbtrader> Not absolute...just a good number I use.
[15:45:08] <@wrbtrader> little below/at/little above but close to it
[15:46:28] <+Tigerman> so after you reach that amount of loss stop trading for the day?
[15:47:09] <@wrbtrader> Yes...that's the plan.
[15:47:26] <@wrbtrader> I hope it doesn't happen :)
[15:47:36] <@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
[15:47:44] <@wrbtrader> For that to happen...
[15:47:53] <+StormwolfT> I think it makes sense to stop trading if your making bad decisions, otherwise lowering your size is superior imo
[15:48:03] <@wrbtrader> I would have need to suffer some big losers on some trades.
[15:48:18] <@wrbtrader> I rarely get big losers.
[15:48:33] <@wrbtrader> Let along several of them in the same trading day.
[15:48:50] <@wrbtrader> I think I average about one big losing trade per 4 - 6 months
[15:48:55] <@wrbtrader> something like that
[15:49:18] <+StormwolfT> big you mean larger than -2 points on various contracts?
[15:49:26] <@wrbtrader> Yep
[15:49:34] <+Tigerman> I see you use strictly stop loss control
[15:50:03] <@wrbtrader> Yeah...I'm a little paranoid especially when chop shows up.
[15:50:20] <+StormwolfT> are you very impatient with large size trades?
[15:50:23] <@wrbtrader> I'll GLADLY take a small loss in that situation
[15:50:36] <@wrbtrader> Storm...Yes
[15:50:48] <@wrbtrader> I have a psychological LIMIT on the trade size.
[15:51:15] <@wrbtrader> For example, I can easily trade 40 - 50 contracts
[15:51:25] <@wrbtrader> base on my account size
[15:51:49] <@wrbtrader> Yet, I really can keep my mental game in control if I exceed 9 contracts
[15:52:03] <@wrbtrader> That's why you will rarely see me exceed 6 contracts
[15:52:06] <markg557> i trade 400 eminis
[15:52:13] <+markg557> i can teach you methal game
[15:52:16] <+markg557> it simple
[15:52:28] <@wrbtrader> Also, Emini TF has a liquidity issue
[15:52:43] <@wrbtrader> That's another key factor
[15:53:00] <@wrbtrader> Same with other trading instruments I perform well with.
[15:53:16] <@wrbtrader> Hang Seng HSI futures and Eurex DAX futures
[15:53:31] <+StormwolfT> how many contracts you believe TF can absorb for a trader trading like you, if you didn't had these mental limits
[15:54:00] <@wrbtrader> I would have problems in Emini TF with 20 contracts
[15:54:20] <@wrbtrader> that was back when it was known as ER2 and more liquid :(
[15:54:39] <+Tigerman> problems for not filling at all or filling but a very worst price wrbtrader?
[15:54:46] <@wrbtrader> both
[15:55:30] <+Tigerman> yep I noted TF not so liquid and big spread sometimes
[15:55:47] <@wrbtrader> Anyways...haven't had any problems with TF but then again I'm not pushing any size either
[15:56:11] <+Tigerman> this thing of the size is amazing
[15:56:13] <@wrbtrader> Yet, with this overall low volatility conditions...I would be crazy just to "explore" my size limits :)
[15:56:39] <@wrbtrader> Yet, if my system performed well on Emini ES...
[15:56:47] <@wrbtrader> I wouldn't hesitate trading the Emini ES.
[15:56:56] <@wrbtrader> You can push size on that...very liquid
[15:57:08] <@wrbtrader> I use to trade Emini ES a long time ago...
[15:57:16] <@wrbtrader> Didn't have any problems with 50 contract trades
[15:57:49] <+Tigerman> yep ES very liquid but is good quality is also the worst...
[15:57:50] <@wrbtrader> Emini TF currently above the earlier noted WRB Hidden GAP
[15:58:02] <+Tigerman> not move too much in volatility :)
[15:58:12] <@wrbtrader> Long Emini TF @ 826.40 -> small size
[15:58:19] <@wrbtrader> 2 contracts
[15:58:28] <@wrbtrader> chasing by 3 ticks
[15:58:43] <+StormwolfT> its the liquidity that makes it more efficient imo
[15:58:44] <@wrbtrader> volatilit increasing
[15:58:58] <@wrbtrader> tighten stop loss
[15:59:34] <@wrbtrader> Exited Emini TF Long @ 826.10 --> - 0.3
[16:00:32] <@wrbtrader> Long Emini TF @ 826.30 -> small size
[16:00:37] <@wrbtrader> 2 contracts
[16:00:40] <@wrbtrader> re-entry
[16:00:44] <@wrbtrader> same price action
[16:02:37] <@wrbtrader> WRB pt1 reached
[16:02:52] <@wrbtrader> holding because there may still be a little juice left in it
[16:04:53] <@wrbtrader> Exited all Emini TF Long @ 826.70 --> + 0.4
[16:05:25] <@wrbtrader> it tried hard...everybody going home because of the nice weather outside :)
[16:05:42] <+Tigerman> sure :)
[16:06:02] <@wrbtrader> When my old man was a floor trader...
[16:06:38] <@wrbtrader> I always headed home early on a Friday when the weather was nice (warm and sunny) and the snow was melting away
[16:06:44] <@wrbtrader> I = He
[16:10:15] <codehead> :-)
[16:17:13] <@wrbtrader> It made it...on the final push into the 4:15pm est maintenance close
[16:18:03] <@wrbtrader> WRB Hidden GAP @ 1550pm est was key change in supply/demand for that up movement
[16:27:22] <@wrbtrader> FTCHAT Support Forum Members -> Reminder that the archive chat room logs go as far back as 2002 @ viewforum.php?f=20
[16:28:22] <@wrbtrader> Prior logs between 1998 to 2001 are not posted in those archives...they were only sporadic or about 10 days per month worth of logs.
[16:28:52] <@wrbtrader> Prior logs are stored elsewhere in a private file.
[16:29:53] <+Tigerman> I remember I read some old log from you wrbtradr
[16:30:18] <@wrbtrader> What year ?
[16:31:18] <+Tigerman> and seems a lot of talking about mental side of trading
[16:31:45] <@wrbtrader> Yeah...I use to talk A LOT about the "mental game" of trading.
[16:31:58] <+Tigerman> not remember but seems after 2000
[16:32:04] <@wrbtrader> After all, many in here are "discretionary traders"...traders not using automation.
[16:32:37] <+Tigerman> I mean I read it months ago but the origin was from many years ago
[16:32:46] <@wrbtrader> Thus, as discretionary traders...we must acknowledge the psychological aspects of trading and its impact on our trading results.
[16:33:00] <+Tigerman> yes I very liked that way of descripion
[16:33:18] <+Tigerman> absolutly agreed
[16:33:22] <@wrbtrader> For example...
[16:33:41] <@wrbtrader> I did a vote poll once at EliteTrader.com via my old user name NihabaAshi.
[16:34:16] <@wrbtrader> That vote pole was about the trade results due to the lack of sleep in comparison to what the trader usually gets as a night of sleep
[16:34:32] <@wrbtrader> I think about 237 traders responded or something like that
[16:34:53] <@wrbtrader> If we miss 50% or more of our sleep the night before...
[16:35:29] <@wrbtrader> There's a 70% increase in the chance of concluding the next trading day at a LOSS
[16:35:55] <@wrbtrader> Based upon the vote poll although not exactly scientific
[16:36:06] <+Tigerman> yep amazing but understanable
[16:36:35] <+Tigerman> discretional trading is similar sport competition
[16:36:36] <@wrbtrader> My worst trading days...all documented in the logs...
[16:37:05] <@wrbtrader> All occurred within 3 days after returning home after the "death of a family member"
[16:37:43] <@wrbtrader> It's been that way since I've begun trading
[16:38:09] <@wrbtrader> Thus, if we aren't psychologically ready to trade...we will perform poorly.
[16:38:28] <@wrbtrader> If someone has never done any competitive sports...they may not understand that statement
[16:38:52] <@wrbtrader> We all need to know the "technique" of the sport, know the rules of the game...
[16:39:15] <+Tigerman> yes I do both trading and competitive sport
[16:39:40] <@wrbtrader> But its our mind (head) or psychological preparation that will enable us to exploit that "technique" under the most stressful conditions
[16:40:23] <+Tigerman> sport in in relax local contest
[16:40:35] <@wrbtrader> First trade I ever too...
[16:40:40] <@wrbtrader> I lost 12k
[16:41:16] <@wrbtrader> It was a trade in college...right after staying up for two days (no sleep) during finals exam
[16:41:27] <+Tigerman> sorry not understand first trade of your life or first big losing trade
[16:41:39] <@wrbtrader> first trade of my life
[16:41:43] <@wrbtrader> I lost 12k
[16:42:03] <@wrbtrader> I took it while in college
[16:42:05] <+Tigerman> which instrument and what size
[16:42:18] <@wrbtrader> Treasury futures
[16:42:48] <@wrbtrader> don't remember the size
[16:43:04] <+Tigerman> and the duration of the trade ? mean time with position opened
[16:43:20] <@wrbtrader> A few hours
[16:43:39] <+Tigerman> also the loss or win is related to our financial income
[16:43:52] <+Tigerman> woh....
[16:44:48] <@wrbtrader> Next big loss was the day after my long time girlfriend had broken up with me...
[16:44:59] <@wrbtrader> That too was in college
[16:45:07] <+Tigerman> for right now 12K is a lot
[16:45:38] <@wrbtrader> Week later...made one of the best trading days I ever had was the day after I slept with the Homecoming Queen in college :)
[16:46:09] <@wrbtrader> Yeah...don't underestimate the psychological aspect of trading :)
[16:46:17] <@wrbtrader> Good and Bad
[16:46:56] <+Tigerman> you can bet on hit
[16:46:58] <@wrbtrader> If you ever get a chance to talk to floor traders...
[16:47:24] <+Tigerman> the mind matters
[16:47:28] <@wrbtrader> You'll quickly realize they have their "weird morning routines" before going to the exchange building...
[16:47:34] <@wrbtrader> Just like athletes do
[16:49:02] <@wrbtrader> It's a psychological game
[16:49:29] <+Tigerman> I read times ago a study showing tradrs with high level of testosteron are performing better than others
[16:49:51] <+Tigerman> so it is true tradars on steroid :)
[16:50:29] <@wrbtrader> Wouldn't be surprise...
[16:51:14] <@wrbtrader> Most of my old man's buddies were either alcholics or taking some illegal drug or addicted to some prescribed drug
[16:51:34] <@wrbtrader> But that was in the late 70's and throughout the 80's
[16:51:38] <@wrbtrader> :)
[16:52:01] <@wrbtrader> Maybe they've cleaned up their act by now
[16:52:01] <+Tigerman> yep maybe chemical now is worst
[16:53:09] <+Tigerman> I do not know in trading but in sport chemical aid is terrible now
[16:53:27] <@wrbtrader> Very true
[16:53:45] <+Tigerman> I mean terrible on body
[16:54:10] <+Tigerman> and difficult to find on testing
[16:54:29] <+Tigerman> I leave the bodybuilding for that
[16:54:39] <@wrbtrader> I have a trading friend that him and his wife were having problems with her getting pregnant
[16:54:39] <+Tigerman> left I mean
[16:54:46] <@wrbtrader> Doc discover it was him
[16:55:06] <@wrbtrader> His testosterone levels were too low
[16:55:17] <@wrbtrader> When they increased it...
[16:55:37] <+Tigerman> Simply stop training hard beause I refuse chemical aid
[16:55:39] <@wrbtrader> He had the best 2 years in his trading career at an institution firm
[16:56:00] <@wrbtrader> Got the biggest Xmas bonuses too amongst the traders
[16:56:13] <@wrbtrader> Maybe there's a connection :)
[16:56:24] <+Tigerman> interesting increase with hormon or natural way?
[16:56:28] <+Tigerman> just curious
[16:56:43] <+Tigerman> in body building is only a way to do it
[16:56:44] <@wrbtrader> Both
[16:57:03] <+Tigerman> rise big big heavy
[16:57:13] <+Tigerman> weight
[16:57:45] <+Tigerman> yep also is sad x us man testosteron level decrease 1% with age
[16:59:04] <@wrbtrader> In some contries...eating bull testicles was a must the week before getting married to a virgin...
[16:59:23] <@wrbtrader> It supposibly increased your Testosterone levels to very high
[17:00:09] <@wrbtrader> Just think...next time you go to a exotic restaurant that serves strange food...
[17:00:24] <@wrbtrader> Order some bulls testicles the night before a big trading day
[17:00:26] <@wrbtrader> :)
[17:01:00] <@wrbtrader> I heard a few places served such in Texa
[17:01:07] <@wrbtrader> meant Texas
[17:01:24] <+T4n_paper> rocky mountain oisters
[17:01:30] <@wrbtrader> Yep...exactly
[17:01:49] <+T4n_paper> I'd take anabolic steroids if it made me profitable
[17:01:53] <+T4n_paper> no joke
[17:02:01] <+T4n_paper> but i'll never know
[17:02:10] <@wrbtrader> Supposibly a favorite meal for racing cyclists in Texas.
[17:02:50] <@wrbtrader> Isn't that guy that's won all those Tour de France from Texas
[17:02:50] <+Tigerman> T4n maybe steroid can help a little on give you strenght
[17:02:52] <@wrbtrader> ?
[17:03:13] <+T4n_paper> strength to click the mouse?
[17:03:14] <@wrbtrader> Lance Armstrong
[17:03:23] <+Tigerman> but harms in other way
[17:03:34] <+Tigerman> yes :)
[17:03:36] <+T4n_paper> i dont plan to use steroids tiger
[17:03:40] <+Tigerman> or move the monitors
[17:03:43] <+T4n_paper> but i'm not against them
[17:04:04] <+Tigerman> probles steroid have many side effect
[17:04:04] <@wrbtrader> Yep...Lance Armstrong is from Texas @ http://en.wikipedia.org/wiki/Lance_Armstrong
[17:04:06] <+T4n_paper> I did just eat "balut" in the philippines
[17:04:13] <+Tigerman> not worth
[17:04:31] <+Tigerman> unless you wanna be N1 in some sports
[17:04:32] <+T4n_paper> gave me "strength" in other ways :)
[17:05:23] <+Tigerman> y4n are you still in mid-east?
[17:05:24] <@wrbtrader> Seriously...to maintain my "mental energy"...
[17:05:54] <+T4n_paper> yeah, this's my home forever, until I'm profitable at trading
[17:06:11] <+Tigerman> ok good luck
[17:06:31] <@wrbtrader> I'm a big user of Vitamine B supplements, Ginseng and Ginkgo
[17:06:40] <+Tigerman> I listen at news a crazy soldier kill many therr in afg
[17:06:51] <@wrbtrader> Been taking those since the late 80's
[17:06:59] <+Tigerman> yes also some aminoacids help
[17:07:22] <+T4n_paper> i know
[17:07:26] <+Tigerman> my bodybuilding background can help me now
[17:08:24] <+Tigerman> I wanna restart sports again I mean more times in a week
[17:08:49] <@wrbtrader> Next, throw in some regular "intense" exercise...you have a mental edge
[17:08:55] <+Tigerman> my back problems take me away from sport from too much time
[17:09:09] <@wrbtrader> Tigerman...I have back problems too.
[17:09:23] <+Tigerman> is time to come back to a healty life
[17:09:38] <@wrbtrader> You should take up bike riding, long walks and stand up more while trading
[17:09:47] <+Tigerman> PC and chair doesn't help
[17:10:05] <@wrbtrader> The latter will require you getting a special computer workstation for people that do a lot of computer work
[17:10:11] <+T4n_paper> Ha, im curently in pain
[17:10:13] <+Tigerman> yep also car and motorbike accident was bad x me
[17:10:14] <+T4n_paper> Back pain
[17:10:32] <+Tigerman> but now I am an expert :)
[17:10:35] <+Tigerman> seriously
[17:10:59] <+Tigerman> simply I past long time and spend a lot of money on fiatran
[17:11:12] <+Tigerman> I mean bone terapist
[17:11:20] <+Tigerman> and read many books
[17:11:40] <+Tigerman> now I plan to go swimming in pool and jogging
[17:11:50] <+Tigerman> today I was jogging
[17:11:55] <+Tigerman> very good
[17:12:34] <+Tigerman> T4n do some stretching
[17:12:52] <+Tigerman> also some yoga position help
[17:13:26] <+T4n_paper> I'm not too worried about it,
[17:13:30] <+T4n_paper> i'll heal in a few days
[17:13:52] <+T4n_paper> I think I pulled something due to not working out while on vacation
[17:14:04] <+T4n_paper> then my workout routine was too much
[17:14:37] <@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
[17:14:53] <+Tigerman> T4n training with weight ?
[17:15:08] <+T4n_paper> weights and body weight
[17:15:23] <+T4n_paper> running and cycling
[17:15:28] <+T4n_paper> i'm healthy enough
[17:15:36] <+T4n_paper> It doesn't improve MY trading
[17:16:23] <+Tigerman> but improve healt or better keep you in shape
[17:16:39] <+T4n_paper> My mental game falls off when I am in the red
[17:16:56] <+T4n_paper> which I typically am
[17:17:02] <+Tigerman> just a curiousity if I may ask how is the average salary outher ?
[17:17:38] <@wrbtrader> average salary ?
[17:17:41] <+T4n_paper> who knows, nobody says what they make, and if they do, it's egsagerated
[17:17:44] <+Tigerman> yes I understand trading is hard and needs time
[17:18:19] <@wrbtrader> Tigerman, I studied the markets for 5 years prior to my first trade...
[17:18:31] <@wrbtrader> Then when I took my first trade...I lost 12k
[17:18:33] <@wrbtrader> :(
[17:18:45] <+Tigerman> I mean working as military in forein mission
[17:18:51] <+T4n_paper> -exaggerate
[17:18:56] <@wrbtrader> Yeah...I quickly made it back but that loss was very shocking for me
[17:19:02] <@wrbtrader> I thought I was ready
[17:19:26] <+T4n_paper> I'm not military
[17:19:40] <@wrbtrader> Contractor
[17:21:13] <+T4n_paper> Trading some days feels easy
[17:21:18] <+Tigerman> ah ok just wondering the average salary considering the risky zone
[17:21:20] <@wrbtrader> I have a neighbor (military officer) that just went to Afghanistan
[17:21:23] <+T4n_paper> others the opposite
[17:21:27] <@wrbtrader> His 3rd tour
[17:22:00] <+T4n_paper> There was a canadian compound here
[17:22:01] <@wrbtrader> Everytime he comes back...he's more distant (psychological) than the prior time he came back
[17:22:06] <+T4n_paper> They're gone now
[17:22:47] <@wrbtrader> Yeah...their starting to pull troops out now
[17:23:49] <+Tigerman> about trading what I can say by experience is the same thing
[17:23:58] <+Tigerman> is very hard period
[17:24:05] <+T4n_paper> yep
[17:24:30] <+T4n_paper> thus I will be here for as long as possible
[17:24:34] <+Tigerman> the mistake I made (like mayme everyone)
[17:24:38] <@wrbtrader> Tigerman...I couldn't do what you're doing from a hot zone (Afghanistan)
[17:24:54] <+T4n_paper> t4n
[17:24:55] <+Tigerman> was think once a time you have a strategy is done
[17:25:07] <@wrbtrader> It would be too difficult to stay focus
[17:25:16] <@wrbtrader> Meant t4n I think
[17:25:23] <+T4n_paper> yep
[17:25:51] <+T4n_paper> my biggest problem is missing most of the AM session
[17:25:57] <+Tigerman> then after the strategy the mental game rulez :)
[17:25:59] <+T4n_paper> so I dont get to see Mark trade
[17:26:18] <+T4n_paper> Midday session is terrible
[17:26:24] <+Tigerman> yes T4n the morning session is good
[17:26:51] <+Tigerman> yep midday is low volatility
[17:27:03] <+T4n_paper> I trade what I can though,
[17:27:10] <+T4n_paper> as you said, need the experience
[17:27:15] <@wrbtrader> Yeah...starting your trading day in the Mid-Day crap is a tough way to start trading for the day.
[17:27:36] <+T4n_paper> if you go in the hole, you stay there
[17:28:05] <+T4n_paper> I get too anxious trying to get out
[17:28:31] <@wrbtrader> T4n...since you're at a disadvantage to begin your trading day during the crap zone...
[17:28:33] <+T4n_paper> anxious or angry
[17:28:36] <+T4n_paper> something
[17:28:50] <@wrbtrader> Have you consider swing trading or position trading INSTEAD of day trading ???
[17:29:18] <@wrbtrader> Especially during market conditions when the overall volatility is LOW
[17:29:23] <+T4n_paper> It makes more sense...
[17:29:45] <+T4n_paper> but i feel like i'd have to start all over
[17:30:15] <@wrbtrader> Not really...
[17:30:18] <+T4n_paper> plus bigger stops
[17:30:25] <@wrbtrader> Just increase your chart (time) frames
[17:30:42] <@wrbtrader> Whenever I swing trade...it's mainly from the daily charts
[17:30:57] <@wrbtrader> I do some position trades from the weekly or monthly charts
[17:31:07] <@wrbtrader> Not often
[17:31:31] <+T4n_paper> I need to keep an eye on the larger time frames
[17:31:44] <+T4n_paper> but i'm not ready to trade them
[17:32:17] <+T4n_paper> big stops and lots of patients
[17:32:19] <@wrbtrader> Currently we're in a Creeper Up Movement on the daily charts
[17:32:47] <@wrbtrader> You should make a habit of printing or saving your monthly, weekly, daily and intraday charts of the Index and Emini Futures
[17:33:08] <@wrbtrader> That's what I've done since 1998
[17:34:10] <+T4n_paper> I would consider today to be a long signal via creeper
[17:34:51] <+T4n_paper> in the dow
[17:35:05] <+Tigerman> wrbtrader what you think about position trading in many markets at the same time?
[17:35:27] <+Tigerman> expecially not correlated
[17:35:28] <@wrbtrader> I've tried...too much stress for me
[17:35:36] <@wrbtrader> I just do one market at a time
[17:35:57] <+Tigerman> too stress in position ?
[17:36:01] <@wrbtrader> I know a lot of traders that can swing trade or position trade MULTIPLE markets at the exact same time.
[17:36:16] <@wrbtrader> I just can't do it...can't sleep at night
[17:36:23] <+Tigerman> I mean trade stay many weeks in position
[17:36:27] <@wrbtrader> Tried it for a few months...
[17:36:41] <@wrbtrader> was walking around like a Zombie due to lack of sleep
[17:36:48] <+Tigerman> ah yes overnight unsleep ...
[17:36:53] <@wrbtrader> extreme mood swings too
[17:37:04] <@wrbtrader> Don't know how those other traders are able to do it...
[17:37:10] <@wrbtrader> I just couldn't do it.
[17:37:19] <+Tigerman> I remember well my sleepless night after dot.com burst
[17:37:45] <+Tigerman> but simply knowing little about markets
[17:38:10] <+Tigerman> also depends on size
[17:38:16] <+T4n_paper> I take back my long signal comment.
[17:39:00] <+Tigerman> in position trade size have to be small
[17:39:21] <+Tigerman> but big enought to give us an income
[17:39:47] <+Tigerman> I mean a % more than treasury
[17:40:17] <+Tigerman> so a simple salary not big bucks
[17:41:10] <+Tigerman> in contrast in day trading we can rise size (a little)
[17:41:28] <+Tigerman> because tight stop control
[17:41:38] <+Tigerman> and no overnight positions
[17:41:51] <+Tigerman> OK I have to go
[17:41:56] <+T4n_paper> seeya
[17:42:15] <+Tigerman> take care all have a safe weekend
[17:42:45] <+Tigerman> see wrbtrader T4n and all next week
[17:48:24] <+T4n_paper> bye all
[17:51:13] <@wrbtrader> Take care all and a nice "off topic" discussions after the trading week has concluded
[17:51:19] <@wrbtrader> See all on Monday
[17:51:25] * wrbtrader is now known as wrbtrader_away
[18:44:37] <@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
Session Close: Fri Mar 23 18:51:33 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.

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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

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