|##TheStrategyLab Price Action Chat Room Logs|
|#FuturesTrades Chat Room Explained
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|Author:||wrbtrader [ Wed Jun 01, 2011 4:28 pm ]|
|Post subject:||#FuturesTrades Chat Room Explained|
#FuturesTrades is not a signal calling chat room, we do not offer a signal calling service and we do not have the resources to manage #FuturesTrades as a signal calling chat room. Most members (including myself) post trades in real-time within about 5 - 10 seconds after the trades have been made...after getting confirmation in the broker platform and after the initial stop/loss protection is properly set.
Therefore, its impossible for you to follow (mimic/copy) my trades or the trades of any other member for the following reasons...
1) These are real trades or simulator trades (depending upon the trader posting the trades) and not signal calls. Thus, these are trades that occur after the fact...usually within 5 - 10 seconds after their confirmation in the broker platform. In contrast, signal calls occur before the fact regardless if the trades actually occurred. A signal caller tells you when to trade whereas in #FuturesTrades we tell you what we have already done.
2) Our chat room requires participation to maintain its usefulness. Thus, everybody is posting price action analysis, market news, trades or questions related to being a trader. Thus, you will never see someone's trades fast enough from amongst the other commentaries by others because of our required participation rule.
Note: Some members post daily broker statements in their private threads (you can't see these threads) here at the FTCHAT Support forum or elsewhere online.
3) To legally operate a signal calling chat room to prevent getting into trouble with regulatory agencies...the signal caller and chat room must operate within the guidelines of those regulatory agencies. That's another reason why our chat room is free and mimicking (copying) someone's trades is not allowed in #FuturesTrades...we avoid all the legalities (headaches) associated with signal calling chat rooms.
#FuturesTrades chat room is not a signal calling chat room and we do not offer a signal call service and we do not have the resources to setup #FuturesTrades as a signal calling chat room. Yet, members do post real-time trades or real-time price action analysis but you're not allowed to mimic (copy) their trades. 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 calling chat room in an effort to piggy back (mimic or copy) someone's trades, you will be banned...no exceptions and no warnings.
#FuturesTrades is free and 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 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. Simply, if you're attempting to not use #FuturesTrades as a journal of your real-time market commentaries and/or real-time trade posts...you're using #FuturesTrades for the wrong reasons and the chat room is not suitable for you.
In addition, we welcome all traders with their own methods price action or indicators via different trading styles to help keep the chat room diversified...posting trades, price action analysis or market commentaries. Yet, if you're looking for education specifically involving trade methods of TheStrategyLab that we call WRB Analysis...you must first download and learn our free study guide at a different forum @ TSL Support Forum * http://www.thestrategylab.com/tsl/forum/viewforum.php?f=5 prior to asking any questions about the trades, price action analysis or market commentaries posted by wrbtrader (owner of TheStrategyLab) in #FuturesTrades. WRB Analysis Tutorials will help you to understand some of the key price areas (WRB Zones) that I'm looking for trade opportunities within.
With that said, thanks for reading the archived chat logs 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 gain access to #FuturesTrades chat room...please follow the instructions @ FTCHAT Support Forum * http://www.thestrategylab.com/ftchat/forum/viewforum.php?f=5
Commonly discussed trading instruments from futures, exchange traded funds and forex currencies:
CME Emini Futures EMD, ES and NQ
ICE Emini TF Futures (formerly CME ER2)
CBOT mini-sized Dow Futures YM
Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50
Eurex Fixed Income Derivatives (futures) BUND, BOBL and Schatz
Euronext Futures FTSE-100 and CAC-40
CME Futures EuroFX 6E and EC
Treasury Futures T-Notes ZT, ZN, ZF and T-Bonds ZB
Forex Currencies GBPUSD, EURUSD, EURYEN and USDCAD
Exchange Traded Funds VXX, DIA, IWM, QQQ, SPY, BGU, FAS, FAZ, TNA, OIH, XLE and GLD
NYMEX Energy Futures Light Crude Oil CL, Brent Crude Oil BRN, e-miNY QM and Natural Gas NG
COMEX Metal Futures Gold GC, mini-Gold YG, Copper HG and Silver SI
S&P CNX NIFTY Futures
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 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.
Note: All logs regardless to their location at TheStrategyLab.com website are eastern standard time.
Trader and Founder of WRB Analysis (wide range body/bar analysis)
Price Action Only Trading (no technical indicators)
@ http://twitter.com/wrbtrader or http://stocktwits.com/wrbtrader
Phone: +1 708 572-4885
Business Hours: 8am - 5pm est (Mon - Fri)
Skype Messenger: kebec2002
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