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 Post subject: March 26th Monday - Futures, ETFs and Forex Currencies
 Post Posted: Mon Mar 26, 2012 7:51 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.

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: Mon Mar 26 09:40:22 2012
Session Ident: #FuturesTrades
[09:40:22] * Now talking in #FuturesTrades
[09:40:22] <@X> [NihabaAshi] chat room archives @ viewforum.php?f=20
[09:41:35] <@wrbtrader> Good morning all
[09:41:58] <Tigerman> hi wrbtrader
[09:43:33] <pat255> gm all
[09:47:27] <+Tigerman> Long IWM @ 83.88
[09:47:40] <+Tigerman> need a spike soon
[09:47:56] <+Tigerman> price contraction
[09:49:28] <+Tigerman> very tight movement
[09:50:16] <+pat255> eom and quater bulls
[09:52:47] <+Tigerman> Exited all IWM Long @ 83.78 --> - 0.1
[09:53:38] <+pat255> b 2744 nq paper
[09:53:56] <@wrbtrader> The big overnight price movement has "so far" taken the thunder out of the regular trading session so far :(
[09:54:28] <+pat255> y these gaps...makes it difficult
[09:54:56] <+Tigerman> yep drain all the juice away
[09:56:15] <@wrbtrader> The gaps are OK if your swing trading and it gaps your way (not against you)
[09:56:17] <@wrbtrader> :)
[09:56:44] <+pat255> gaps can dedeadly if against you
[09:57:35] <@wrbtrader> that's what stops are for depending upon if they're stored on your side or the broker side
[09:58:22] <+pat255> stops overnite will not work unles too far away .
[09:58:32] <+pat255> out 46.25 nq paper
[10:03:27] <+Tigerman> price in tiught range near open
[10:03:34] <+Tigerman> tight :)
[10:07:43] <@wrbtrader> Emini ES going sideways in a extremely tight range
[10:07:57] <+Tigerman> yep
[10:08:11] <@wrbtrader> Best example in a long time why I don't like to trade "low volatility tight trading ranges"
[10:09:42] <+Tigerman> yes simply untradable
[10:09:55] <+Tigerman> unless one is a market maker
[10:10:54] <@wrbtrader> Was hoping the 10am est key market event would shake things up a little
[10:11:12] <+pat255> mkt squeeze the S .until the eom
[10:12:41] <@wrbtrader> Long Emini TF @ 839.30 -> medium size
[10:12:49] <@wrbtrader> 2+2
[10:13:28] <@wrbtrader> increasing volatility
[10:13:45] <+Tigerman> Long IWM @ 84.13
[10:15:31] <@wrbtrader> VXX not range bound but the VIX is range bound trying hard to make lows for the day
[10:19:05] <@wrbtrader> Exited all Emini TF Long @ 841.40 --> + 2.1
[10:19:24] <+pat255> vn N
[10:19:44] <@wrbtrader> Held that one beyond the WRB pt1
[10:20:18] <StormwolfT> by vxx you mean the index not the etf correct?
[10:20:22] <@wrbtrader> would have held it to a possible WRB pt2 or pt3 if the volatility was smoother or high
[10:20:41] <@wrbtrader> There's only one VXX
[10:20:45] <@wrbtrader> There's only one VIX
[10:20:54] <+Tigerman> Exited all IWM Long @ 84.29 --> + 0.16
[10:21:10] <+StormwolfT> my yahoo feed offers me 2 VXX, VXX and ^VXX. the latter is for the index
[10:21:32] <@wrbtrader> :)
[10:23:07] <@wrbtrader> Yahoo is very confused
[10:23:49] <@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
[10:24:03] <+Tigerman> VXX is an ETF
[10:24:42] <+Tigerman> in contrast vix vxn are volatility index
[10:25:43] <+StormwolfT> tell that you yahoo. I getting 2 datas here for VXX. ^VXX is down 5% VXX down 6%
[10:26:26] <+Tigerman> what the value you have ?
[10:27:00] <+Tigerman> vix now is at 14.59
[10:27:11] <+StormwolfT> 6.615,45 ^VXX, 16.15 VXX
[10:29:00] <+StormwolfT> my vix is at 14,59
[10:30:03] <Tigerman3> gm again was logged off by server
[10:30:37] <+Tigerman3> Storm I do not know if my answer reach the chat
[10:31:03] <+Tigerman3> but 16.16 is the right value of VXX
[10:31:41] <+StormwolfT> mine is at 16.158
[10:31:52] <+Tigerman3> ok
[10:32:06] <+StormwolfT> seems that there is an index built of the similar stuff as the ETF
[10:32:24] <+Tigerman3> no have idea :)
[10:32:41] <+StormwolfT> http://finance.yahoo.com/q?s=%5Evxx&ql=1
[10:35:37] <+Tigerman3> Long IWM @ 84.22
[10:38:12] <+Tigerman3> need an up spike soon
[10:39:31] <+Tigerman3> Exited all IWM Long @ 84.25 --> + 0.03
[10:39:50] <+Tigerman3> retrace on me instead go up
[10:53:18] <+StormwolfT> ES in super tight trading range
[11:00:31] <T4n_paper> Long TF @ 841.6 -> small size «« simulator »»
[11:00:59] <+StormwolfT> vol is so low, its like overnight trading
[11:01:57] <+T4n_paper> Exited TF Long @ 840.8 --> - 0.8 «« simulator »»
[11:13:02] <@wrbtrader> It's been awhile since I've had so little trade opportunities like today
[11:13:26] <@wrbtrader> The low volatility tight trading ranges has bee unusually persistent (lasting longer).
[11:13:32] <+Tigerman3> yes my playstation wait x me :)
[11:14:02] <+Tigerman3> in reality now is spring so I prefer go jogging to ride away some fat :)
[11:14:39] <+Tigerman3> yep seems money not moving
[11:18:42] <@wrbtrader> We had record billions of dollars pulled out of the markets between the New Year and End of February.
[11:18:54] <@wrbtrader> Haven't heard anything about March just yet
[11:19:11] <+Tigerman3> yep and everyday we aware of this :(
[11:19:39] <@wrbtrader> Meant...billions less in comparison to the same time span last year
[11:20:00] <+Tigerman3> nevertheless market not crashing till now
[11:20:01] <@wrbtrader> did not meant to say billions came out of the markets in two month
[11:20:15] <+Tigerman3> in contrast rise up in low volatility and low volume
[11:21:16] <+Tigerman3> in this case I think is not a good time to be long with long term position
[11:21:34] <+Tigerman3> but who know what will happen
[11:21:51] <+Tigerman3> x this reason I prefer stay in short term daytrading
[11:26:59] <+T4n_paper> Long TF @ 842.6 -> small size «« simulator »»
[11:30:12] <+T4n_paper> Long TF @ 842.5 -> Add «« simulator »»
[11:31:03] <@wrbtrader> Long Emini TF @ 842.30 -> small size
[11:31:10] <@wrbtrader> 1 contract
[11:32:52] <@wrbtrader> VXX too tight for this trade
[11:33:13] <@wrbtrader> Exited Emini TF Long @ 842.20 --> - 0.1
[11:33:34] <+Tigerman3> yep vxx almost pure noise
[11:33:40] <+T4n_paper> Exited TF Long @ 842 --> - 1.1 «« simulator »»
[11:33:41] <+Tigerman3> tight range
[11:35:51] <+T4n_paper> Long TF @ 842.2 -> small size «« simulator »»
[11:40:51] <+T4n_paper> Exited TF Long @ 842.3 --> + 0.1 «« simulator »»
[11:40:55] <+T4n_paper> yaaay i win
[11:50:49] <@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
[12:03:21] <@wrbtrader> Low volatility tight trading range = Boring :)
[12:07:04] <markg557> what direction do you see?
[12:07:16] <+markg557> wrbtrader
[12:11:45] <@wrbtrader> You talking about big picture direction or small picture direction ?
[12:12:28] <+markg557> intraday at the moment
[12:12:32] <@wrbtrader> Big picture is UP (has been for many days) and little picture (currently since 1030am) has been sideways (no direction)
[12:12:59] <@wrbtrader> refer to as Low Volatility Tight Trading Range
[12:14:10] <+markg557> and you did nto see short comnig now?
[12:14:30] <@wrbtrader> Sure
[12:14:35] <@wrbtrader> Just not worth trading
[12:14:48] <@wrbtrader> You already no my primary rule of the day...
[12:14:59] <@wrbtrader> I'm already above my profit goal for the day.
[12:15:14] <@wrbtrader> I take it easy from this point on :)
[12:15:58] <@wrbtrader> Have a short day today...
[12:16:19] <@wrbtrader> Making damn sure that when I call it quits early today...I'm not in the red
[12:17:43] <@wrbtrader> The low volatilyty tight trading range that has developed since 1030am est helps to make that decision to "cherry pick trades" and/or "take it easy"
[12:17:58] <@wrbtrader> Just as important, its mid-day trading session.
[12:18:12] <@wrbtrader> I rarely trade it when already above my profit goal for the day.
[12:18:45] <@wrbtrader> In fact, you can tell that very easily because I usually leave about NOW and return around 3pm est :)
[12:19:32] <@wrbtrader> Will be leaving soon as usual
[12:25:23] <+Tigerman3> lunch time I have to go see all later
[12:26:06] <@wrbtrader> I'm updating those logs right now...will be leaving too as soon as I finish
[12:26:58] <+Tigerman3> Thanks again :)
[12:38:15] <+markg557> ok see you later
[12:38:23] <+markg557> my goal is 5 times larger than yours
[12:38:27] <+markg557> so i am gonna stay
[12:40:08] <@wrbtrader> If I was trading all day too...my goal would be larger too
[12:40:33] <@wrbtrader> I can only trade about 4 hours per day on average
[12:41:47] <+markg557> why you cant trade more?
[12:41:55] <+markg557> health issue?
[12:42:10] <@wrbtrader> Family health issue...not me personall
[12:42:16] <+markg557> ah
[12:48:46] <+T4n_paper> Shorts TF @ 838.9 -> small size «« simulator »»
[12:49:07] <+T4n_paper> ha
[12:49:17] <+T4n_paper> Covered TF Short @ 839.3 --> - 0.4 «« simulator »»
[12:52:26] <+T4n_paper> Long TF @ 839.9 -> small size «« simulator »»
[12:54:38] <+T4n_paper> Exited TF Long @ 840.1 --> + 0.2 «« simulator »»
[13:00:56] <+T4n_paper> Shorts TF @ 839.8 -> small size «« simulator »»
[13:03:34] <+T4n_paper> Covered TF Short @ 838.9 --> + 0.9 «« simulator »»
[13:20:50] <@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
[13:59:01] <Trendtrader> good afternoon all
[13:59:14] <+Trendtrader> no trades for me today.
[14:30:33] <+pat255> just play L side ..was looking at NQ but away from desk& no trdaes sofar
[14:30:46] <+T4n_paper> Long TF @ 842.6 -> small size «« simulator »»
[14:32:37] <+T4n_paper> Exited TF Long @ 842.3 --> - 0.3 «« simulator »»
[14:32:58] <+pat255> cant trade nq tooextended
[14:37:29] <+T4n_paper> Shorts TF @ 841.6 -> small size «« simulator »»
[14:38:19] <+T4n_paper> Covered TF Short @ 841.6 --> 0 «« simulator »»
[14:43:17] <+T4n_paper> Long TF @ 842.2 -> small size «« simulator »»
[14:43:54] <+T4n_paper> Exited TF Long @ 842.5 --> + 0.3 «« simulator »»
[14:44:04] <+T4n_paper> i'l just take it jeez
[14:50:50] <@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
[14:58:34] <+T4n_paper> Long TF @ 842.7 -> small size «« simulator »»
[15:00:23] <+T4n_paper> Exited TF Long @ 842.6 --> - 0.1 «« simulator »»
[15:02:10] <+T4n_paper> Long TF @ 842.9 -> small size «« simulator »»
[15:02:41] <+T4n_paper> Exited TF Long @ 842.6 --> - 0.3 «« simulator »»
[15:04:04] <+pat255> Just avoid the temptation to short
[15:04:19] <+T4n_paper> Long TF @ 843 -> small size «« simulator »»
[15:06:06] <+T4n_paper> jeez
[15:06:57] <+T4n_paper> Exited TF Long @ 843.1 --> + 0.1 «« simulator »»
[15:07:43] <+pat255> L 843 Tf paaper
[15:17:06] <+pat255> out 43.7 TF
[15:33:43] <@wrbtrader> Price action below the support of the most recent Up WRB Hidden GAP in the Russell Index
[15:34:11] <+pat255> what a run by NQ
[15:40:05] <@wrbtrader> Emini TF back inside the range of that "persistent low volatility trading range" of 1020am - 1225pm est
[15:40:31] <@wrbtrader> now trying hard to test the lows of that range
[15:41:17] <@wrbtrader> it only needs to drop another point or so to get there
[15:43:03] <StormwolfT> bullish APAOR with russell indexes
[15:48:19] <@wrbtrader> We're now in the 3:45pm - 4:00pm est trading mess
[15:49:24] <@wrbtrader> Maybe I should start calling it "Mario Kart" time after my kids favorite game.
[15:52:48] <@wrbtrader> Long Emini TF @ 841.60 -> small size
[15:52:57] <@wrbtrader> 2 contracts
[15:54:19] <@wrbtrader> Exited all Emini TF Long @ 841.20 --> - 0.4
[15:56:11] <@wrbtrader> Long Emini TF @ 841.40 -> small size
[15:56:20] <@wrbtrader> re-entry
[15:56:28] <@wrbtrader> 2 contracts
[15:59:40] <@wrbtrader> WRB pt1 reached
[16:00:31] <+pat255> wow NQ hod
[16:03:22] <@wrbtrader> Exited all Emini TF Long @ 843.40 --> + 2
[16:04:01] <@wrbtrader> early exit
[16:04:06] <@wrbtrader> need to go
[16:04:14] <@wrbtrader> take care and see all tomorrow
[16:06:29] <+pat255> wd N later
[16:17:50] <@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: Mon Mar 26 20:13:14 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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