Login    Forum    Search    FAQ

Board index » ##TheStrategyLab Chat Room Logs » ##TheStrategyLab Daily Trading Chat Room Logs » Chat Room Logs 2012 » May 2012




Post new topic Reply to topic Bookmark and Share  [ 1 post ] 
Author Message
 Post subject: May 31st Thursday - Futures, ETFs and Forex Currencies
 Post Posted: Thu May 31, 2012 2:39 pm 
Offline
Trader / Forum Admin

Joined: Tue Dec 16, 2008 1:02 am
Posts: 2106
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 real-time trades, real-time price action analysis or market 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, price action analysis or market commentaries involving futures, exchange traded funds or forex currencies in comparison to other free chat rooms.

#FuturesTrades is designed to be only 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 price action and markets to help keep the chat room diversified...posting trades or market commentaries about the price action on their monitors.

Quote:
Traders that use #FuturesTrades are required to discuss anything related to trading (e.g. price action analysis, market news or real-time trades) at least once per day they use our chat room. Yet, you're not required to post trades but if you do post trades...they must be clear (not ambiguous) entry price/exit price and position size. Those that consistently post ambiguous trades will be KICKED (removed) from the chat room.

With that said, thanks for reading the trades, price action analysis 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. To log in to #FuturesTrades chat room...please follow the instructions @ FTCHAT Support Forum * http://www.thestrategylab.com/ftchat/forum/viewforum.php?f=5

Attachment:
053112-Key-Price-Action-Markets.png
053112-Key-Price-Action-Markets.png [ 538.58 KiB | Viewed 102 times ]

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

Session Start: Thu May 31 09:23:01 2012
Session Ident: #FuturesTrades
[09:23:01] * Now talking in #FuturesTrades
[09:23:01] <@X> [TheStrategyLab.com] chat room archives @ viewforum.php?f=20
[09:24:18] <Trendtrader> gm all
[09:24:36] <wave1> gm tt N
[09:24:53] <+Trendtrader> gm wave1
[09:28:09] <+Trendtrader> Long Emini TF @ 762.5 «« simulator »»
[09:28:12] <+Trendtrader> x2
[09:39:52] <+Trendtrader> Exited all Emini TF Long @ 758.8 --> - 3.7 «« simulator »»
[09:39:54] <canaandog_> short tf 760.8 sim 3c [6:37]
[09:40:19] <+canaandog_> flat tf 759.3
[09:41:02] <+wave1> chicago PMI 9 mins
[09:41:21] <@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
[09:41:43] <+canaandog_> int
[09:43:03] <@wrbtrader> Creeper Down Movement
[09:43:28] <Tigerman> Shorts IWM @ 75.87
[09:43:59] <+Tigerman> Covered all IWM Short @ 75.82 --> + 0.05
[09:44:09] <+Tigerman> gm all
[09:44:14] <@wrbtrader> Shorts Emini TF @ 757.40 -> large size
[09:44:20] <@wrbtrader> 4+2
[09:45:15] <@wrbtrader> Yesterday I got 2 messages my connection to my broker system was "slow"
[09:45:29] <@wrbtrader> I got that same message earlier this morning when I logged on.
[09:46:00] <@wrbtrader> I'm also noticing "more" no fills lately too when fills should have occured based upon the "current data"
[09:46:12] <+Tigerman> Shorts IWM @ 75.82
[09:46:18] <+canaandog_> not good
[09:46:40] <@wrbtrader> Simply, I'm now wondering if the price is much "further away" than shown when I put an order in.
[09:46:55] <+Tigerman> Covered all IWM Short @ 75.78 --> + 0.04
[09:48:14] <@wrbtrader> Next week I'm going to do some ping tests in realtime every trading day for a few weeks to see if there's a "connection problm" or changes in my ISP or router
[09:49:26] <+Tigerman> Shorts IWM @ 75.7
[09:49:40] <+Tigerman> Covered all IWM Short @ 75.67 --> + 0.03
[09:50:14] <@wrbtrader> Covered all Emini TF Short @ 755.10 --> + 2.3
[09:50:14] <+Tigerman> int this fast price action I tend to exit soon vs let the trade go
[09:50:24] <@wrbtrader> WRB pt1 reached
[09:50:28] <+Tigerman> good wrbtrader
[09:50:39] <@wrbtrader> nice Creeper Down Movement so far
[09:53:30] <@wrbtrader> Creeper Down Movement still active
[09:55:01] <+Tigerman> yep
[09:55:24] <+Tigerman> I am looking for another short entry
[09:57:18] <@wrbtrader> I had one but had a "no fill" on 3 contracts @ 755.20 when the price was @ 755.40
[09:57:25] <@wrbtrader> :(
[09:57:29] <+Tigerman> Shorts IWM @ 75.46
[09:57:41] <+Tigerman> Covered all IWM Short @ 75.44 --> + 0.02
[09:58:17] <@wrbtrader> When the volatility is this good...got to take advantage of it because it usually is followed by several trading days of "crappy price action"
[09:59:10] <+Tigerman> ok good to know
[10:04:01] <@wrbtrader> Creeper Down Movement still active...order in
[10:04:12] <@wrbtrader> lets see if I get another "no fill"
[10:05:17] <@wrbtrader> 753.60
[10:05:47] <@wrbtrader> I rarely have problems with fills like this...
[10:05:54] <+Tigerman> Shorts IWM @ 75.39
[10:05:58] <@wrbtrader> Price action currently BELOW 753.60
[10:06:16] <@wrbtrader> If it goes UPWARDS...I will get a fill
[10:06:18] <+Tigerman> Covered 1/2 IWM Short @ 75.36 --> + 0.03
[10:06:27] <+Tigerman> Covered Remainder IWM Short @ 75.38 --> + 0.01
[10:06:27] <+canaandog_> yes- I've had under 753.3 since 10:04
[10:06:50] <+Tigerman> price moving fast indeed
[10:06:59] <@wrbtrader> My problems with "no fills" are occurrng when price action is ABOVE my order price and then declines downwards through the price for a "no fill"
[10:07:08] <+canaandog_> ah
[10:07:42] <+Tigerman> yes wrbtrader I got same probelm sometimes
[10:07:50] <+Tigerman> usually with TF
[10:08:11] <+Tigerman> now II m using small size on IWM seems better
[10:08:15] <@wrbtrader> cancelled all open limit orders
[10:10:36] <+Tigerman> missed an entry here
[10:10:53] <+Tigerman> I am tempted to chase but I prefer no chase
[10:11:34] <+Tigerman> in contrast I wait if another good signal appear
[10:11:55] <@wrbtrader> Hopefully there's another setup in this Creeper Down Movement before the "consistent volatility contraction" shows up
[10:24:56] <@wrbtrader> order in @ 750.50
[10:25:15] <@wrbtrader> price action currently ABOVE my price
[10:27:47] <@wrbtrader> looking for an early entry...I now see another setup on a different time frame
[10:28:59] <@wrbtrader> Shorts Emini TF @ 752.20 -> small size
[10:29:04] <@wrbtrader> 2+1
[10:29:05] <+Tigerman> volaility contraction here
[10:29:08] <@wrbtrader> intuition
[10:31:08] <+Tigerman> Shorts IWM @ 75.28
[10:31:29] <+Tigerman> Covered all IWM Short @ 75.26 --> + 0.02
[10:33:11] <@wrbtrader> Covered all Emini TF Short @ 751.80 --> + 0.4
[10:33:26] <@wrbtrader> lost patience
[10:33:49] <+Tigerman> yep similar mee
[10:34:09] <@wrbtrader> still watching the 750.50 for a Short entry
[10:34:09] <+Tigerman> simply when price not going weel in one direction I prefer exit
[10:34:33] <+Tigerman> yep still a short is ok
[10:34:52] <+Tigerman> price are fighting here between up or down
[10:35:19] <+Tigerman> seems up is the way they go
[10:36:33] <@wrbtrader> its trying hard to setup a Creeper UP Movement
[10:38:17] <+Tigerman> agreed
[10:40:50] <@wrbtrader> We should (hopefully) get at least one more good volatility movement before the mid-day trading session starts
[10:42:45] <@wrbtrader> Alert Reminder - Today we have the EIA Petroleum Status Report @ 1100am est...normally its on Wednesday @ 1030am est
[10:48:36] <@wrbtrader> Shorts Emini TF @ 751.00 -> small size
[10:48:42] <@wrbtrader> 1 contract
[10:48:46] <@wrbtrader> intuition
[10:51:10] <+Tigerman> Shorts IWM @ 75.2
[10:51:41] <+Tigerman> Covered all IWM Short @ 75.19 --> + 0.01
[10:51:50] <@wrbtrader> Covered Emini TF Short @ 751.00 --> 0
[10:52:01] <+Tigerman> today only fast scalp for me
[10:52:16] <@wrbtrader> it ht that support area hard down around 750.70 but couldn't stay below
[10:52:22] <+Tigerman> is not planned :)
[10:53:41] <+Tigerman> wrbtrader do you follow roland garros ?
[10:53:51] <@wrbtrader> Oil CL futures Creeper Down Movement still active
[10:54:12] <@wrbtrader> don't know a Garros but I know a few Roland's :)
[10:54:24] <+Tigerman> I mean tennis match playng now
[10:55:03] <+Tigerman> yep also 6E euro future
[10:55:10] <@wrbtrader> Ahhh...
[10:55:44] <@wrbtrader> Yeah...I follow the women ATP sometimes (Italian Open, French Open and Wimbledon)
[10:56:50] <+Tigerman> right now 2 women play li an another from france
[10:57:24] <+Tigerman> simply not easy trade and try to look at tennis :)
[10:57:37] <@wrbtrader> probably Gacon from France
[10:58:32] <+Tigerman> is written for I do not know
[10:58:46] <+Tigerman> I have to check on site
[10:59:02] <+Tigerman> but the chinese li have 2 match ball right now
[10:59:25] <@wrbtrader> Creeper Down Movement still active
[11:00:07] <@wrbtrader> Emini YM and Oil CL futures in an active Creeper Down Movement
[11:00:23] <@wrbtrader> Shorts Emini TF @ 751.60 -> small size
[11:00:29] <@wrbtrader> 3 contracts
[11:02:06] <+Tigerman> yep right foretz gacon loss from li
[11:03:20] <+Tigerman> Shorts IWM @ 75.17
[11:03:38] <+Tigerman> Covered 1/2 IWM Short @ 75.14 --> + 0.03
[11:03:52] <+Tigerman> Covered Remainder IWM Short @ 75.16 --> + 0.01
[11:04:11] <+Tigerman> no have patience to hang on more today :)
[11:05:08] <+Tigerman> wow big spike down on euro
[11:05:24] <+Tigerman> no good for my currency account :(
[11:05:48] <@wrbtrader> Covered all Emini TF Short @ 750.10 --> + 1.5
[11:05:51] <+Tigerman> I almost try a short on forex :)
[11:05:52] <T4n_paper> Shorts TF @ 750.1 -> small size «« simulator »»
[11:06:02] <@wrbtrader> WRB pt1 reached
[11:06:33] <+Tigerman> and big very high volume on spike down in euro
[11:06:50] <+Tigerman> I suspect no good news from euro meeting
[11:06:59] <+Tigerman> or speack
[11:07:13] <+Tigerman> therfe are many one every hour
[11:07:29] <@wrbtrader> At least all the key markets are in sync right now...
[11:07:48] <+Tigerman> yep everything is downhill :)
[11:07:56] <@wrbtrader> That makes trading easy regardless if trading the Eurex, Eminis, Oil or Euro
[11:08:44] <+Tigerman> yep this is the best condition for trading
[11:09:57] <+Tigerman> infact VIX and company are going higher every day
[11:10:50] <+T4n_paper> Covered TF Short @ 750.8 --> - 0.7 «« simulator »»
[11:16:19] <+Tigerman> Shorts IWM @ 75.13
[11:16:36] <+Tigerman> Covered all IWM Short @ 75.18 --> - 0.05
[11:19:09] <+Tigerman> Shorts IWM @ 75.15
[11:19:25] <+Tigerman> Covered all IWM Short @ 75.12 --> + 0.03
[11:20:45] <+T4n_paper> Shorts TF @ 750.4 -> small size «« simulator »»
[11:24:47] <+T4n_paper> Covered TF Short @ 751.4 --> - 1 «« simulator »»
[11:26:22] <@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
[11:43:59] <+T4n_paper> Long TF @ 753.8 -> small size «« simulator »»
[11:49:14] <+T4n_paper> Exited TF Long @ 752.6 --> - 1.2 «« simulator »»
[12:56:22] <@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
[13:16:17] <+T4n_paper> Long TF @ 759.5 -> small size «« simulator »»
[13:25:48] <+T4n_paper> Exited TF Long @ 757.6 --> - 1.9 «« simulator »»
[13:41:45] <+T4n_paper> Shorts TF @ 757.1 -> small size «« simulator »»
[13:52:48] <+T4n_paper> Covered TF Short @ 755.2 --> + 1.9 «« simulator »»
[14:03:32] <+T4n_paper> Shorts TF @ 754.7 -> small size «« simulator »»
[14:03:40] <+T4n_paper> Covered TF Short @ 755.6 --> - 0.9 «« simulator »»
[14:22:39] <+T4n_paper> Shorts TF @ 756.8 -> small size «« simulator »»
[14:25:13] <+T4n_paper> Covered TF Short @ 756.7 --> + 0.1 «« simulator »»
[14:26:23] <@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
[14:30:41] <+T4n_paper> Shorts TF @ 756.4 -> small size «« simulator »»
[14:33:43] <+T4n_paper> Covered TF Short @ 757.8 --> - 1.4 «« simulator »»
[14:33:51] <+T4n_paper> Long TF @ 757.8 -> small size «« simulator »»
[14:45:41] <@wrbtrader> Creeper Up Movement still active
[14:46:36] <@wrbtrader> Long Emini TF @ 758.20 -> small size
[14:46:43] <@wrbtrader> 2 contracts
[14:47:11] <+T4n_paper> Exited TF Long @ 757.9 --> + 0.1 «« simulator »»
[14:50:34] <@wrbtrader> Exited all Emini TF Long @ 757.50 --> - 0.7
[14:52:06] <@wrbtrader> price action of Emini TF getting closer to the S area of the WRB HG @ 1432pm est
[14:52:15] <@wrbtrader> ooops...its there now
[14:56:14] <@wrbtrader> Long Emini TF @ 756.80 -> small size
[14:56:22] <@wrbtrader> 2 contracts
[14:57:33] <@wrbtrader> WRB pt1 reached via volatility spike
[14:58:14] <+T4n_paper> Long TF @ 757.5 -> small size «« simulator »»
[14:58:35] <@wrbtrader> Exited all Emini TF Long @ 757.80 --> + 1
[15:00:41] <+T4n_paper> Exited TF Long @ 757.8 --> + 0.3 «« simulator »»
[15:05:19] <+T4n_paper> Long TF @ 757.4 -> small size «« simulator »»
[15:08:34] <@wrbtrader> T4n...nice entry...I was too slow to grab it
[15:08:52] <+T4n_paper> we'll see how it works out
[15:08:55] <@wrbtrader> Long Emini TF @ 757.80 -> small size
[15:09:01] <@wrbtrader> 2 contracts
[15:09:08] <@wrbtrader> chasing
[15:09:29] <@wrbtrader> :(
[15:09:58] <@wrbtrader> be back in a little while...got some at home distractions right now
[15:10:11] <@wrbtrader> Exited all Emini TF Long @ 758.50 --> + 0.7
[15:10:21] * wrbtrader is now known as wrbtrader_away
[15:13:58] <+T4n_paper> Exited TF Long @ 759.4 --> + 2 «« simulator »»
[15:15:23] <@wrbtrader_away> Hey all...I'm done for the day...need to take care of something personal.
[15:15:41] <@wrbtrader_away> Overall good volatility today and a nice ending to the month of May.
[15:15:57] <@wrbtrader_away> See all next month in June (tomorrow).
[15:17:29] <Fleneer> crazy marklet today.
[15:17:31] <+T4n_paper> seeya
[15:17:52] <+Fleneer> You want a day to show trading is a real high risk price action.... this is one of them.
[15:18:12] <+T4n_paper> wow, thought it was friday :/
[15:28:17] <+Tigerman> Long IWM @ 76.32
[15:28:37] <+Tigerman> strong up move
[15:30:38] <+Tigerman> Exited 1/2 IWM Long @ 76.37 --> + 0.05
[15:32:35] <+Tigerman> Exited Remainder IWM Long @ 76.39 --> + 0.07
[15:32:54] <+Tigerman> not confident price can rise more
[15:41:09] <+T4n_paper> Long TF @ 764 -> small size «« simulator »»
[15:44:32] <+T4n_paper> Exited TF Long @ 763.4 --> - 0.6 «« simulator »»
[15:52:31] <+T4n_paper> Shorts TF @ 760.2 -> small size «« simulator »»
[15:55:38] <+T4n_paper> Covered TF Short @ 761.2 --> - 1 «« simulator »»
[15:56:23] <@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
[15:58:18] <+T4n_paper> Long TF @ 760.6 -> small size «« simulator »»
[16:00:28] <+T4n_paper> Exited TF Long @ 759.7 --> - 0.9 «« simulator »»
[16:30:49] <+Tigerman> take care see all tomorrow
Session Close: Thur May 31 16:37:34 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 @ 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


Top 
 Profile E-mail  
 
Display posts from previous:  Sort by  
 
Post new topic Reply to topic Bookmark and Share  [ 1 post ] 

Board index » ##TheStrategyLab Chat Room Logs » ##TheStrategyLab Daily Trading Chat Room Logs » Chat Room Logs 2012 » May 2012


Who is online

Users browsing this forum: No registered users and 1 guest

 
 

 
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
Translated by Xaphos © 2007, 2008, 2009 phpBB.fr