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 Post subject: May 1st Tuesday - Futures, ETFs and Forex Currencies
 Post Posted: Tue May 01, 2012 6:20 pm 
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Joined: Tue Dec 16, 2008 1:02 am
Posts: 2390
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 gain access to #FuturesTrades chat room...please follow the instructions @ FTCHAT Support Forum * http://www.thestrategylab.com/ftchat/forum/viewforum.php?f=5

Attachment:
050112-Key-Price-Action-Markets.png
050112-Key-Price-Action-Markets.png [ 520.12 KiB | Viewed 78 times ]

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

Session Start: Tue May 01 09:27:35 2012
Session Ident: #FuturesTrades
[09:27:35] * Now talking in #FuturesTrades
[09:27:35] <@X> [TheStrategyLab.com] chat room archives @ viewforum.php?f=20
[09:28:44] <@wrbtrader> Good morning all
[09:29:15] <wave1> gm N
[09:30:12] <@wrbtrader> Shorts Emini TF @ 815.20 -> large size
[09:30:43] <@wrbtrader> Emini TF WRB Hidden GAP @ 0902am est all session chart
[09:31:10] <@wrbtrader> 6 contracts
[09:31:28] <+Trendtrader> Shorts Emini TF @ 814.3 «« simulator »»
[09:31:32] <+Trendtrader> x2
[09:31:48] <+Trendtrader> gm all
[09:32:11] <+Trendtrader> Covered 1/2 Emini TF Short @ 813.3 --> + 1 «« simulator »»
[09:32:31] <+Trendtrader> Covered Remainder Emini TF Short @ 814.2 --> + 0.1 «« simulator »»
[09:33:01] <@wrbtrader> Covered all Emini TF Short @ 814.00 --> + 1.2
[09:33:26] <+wave1> wd N
[09:33:27] <+Trendtrader> Long Emini TF @ 814.3 «« simulator »»
[09:33:35] <+Trendtrader> x2
[09:34:32] <@wrbtrader> Long Emini TF @ 814.50 -> large size
[09:34:39] <@wrbtrader> 4+2
[09:35:46] <+Trendtrader> Exited 1/2 Emini TF Long @ 815.3 --> + 1 «« simulator »»
[09:36:15] <@wrbtrader> WRB pt1 reached
[09:37:03] <@wrbtrader> Exited all Emini TF Long @ 815.70 --> + 1.2
[09:37:58] <+Trendtrader> Exited Remainder Emini TF Long @ 814.8 --> + 0.5 «« simulator »»
[09:44:13] <@wrbtrader> We have 3 key market events @ 10am est
[09:44:28] <+wave1> y will wait for the mews
[09:45:16] <@wrbtrader> ISM Manufacturing PMI, Construction Spending and ISM Manufacturing Prices
[09:46:35] <+wave1> ry N
[09:49:01] <+wave1> nq still bullish
[09:49:08] <@wrbtrader> Shorts Emini TF @ 813.40 -> medium size
[09:49:38] <@wrbtrader> may get punish on this one...its a 7 tick chaser
[09:49:40] <@wrbtrader> :(
[09:49:45] <@wrbtrader> 4 contracts
[09:52:15] <@wrbtrader> Covered all Emini TF Short @ 813.40 --> 0
[09:52:57] <+Trendtrader> houdini :)
[09:53:17] <@wrbtrader> Yeah...almost got out at a profit @ 813.10
[09:53:40] <@wrbtrader> was too slow to grab it
[09:54:46] <+Trendtrader> for a pt1? 2min, yes?
[09:55:08] <@wrbtrader> Shorts Emini TF @ 813.20 -> medium size
[09:55:38] <@wrbtrader> no...not for a pt1...just any profitable exit because that 813.40 entry was poor (chased too much)
[09:55:51] <@wrbtrader> Emini YM Creeper Down Movement still active
[09:56:09] <+Trendtrader> thx
[09:56:10] <@wrbtrader> WRB Hidden GAP @ 0942am est
[09:56:19] <@wrbtrader> 2+2
[09:56:56] <@wrbtrader> getting closer to those release times of the key market events
[09:57:52] <@wrbtrader> Shorts Emini TF @ 813.50 -> Add
[09:57:58] <@wrbtrader> 4 added
[09:59:06] <@wrbtrader> Covered 1/2 Emini TF Short @ 812.80 --> + 0.7
[10:00:13] <@wrbtrader> Covered all Emini TF Short @ 814.20 --> - 1
[10:00:49] <@wrbtrader> volatility spike on the news
[10:00:52] <+wave1> hmmm better than expected
[10:02:16] <@wrbtrader> Oil CL futures starting to retrace their spike
[10:04:23] <@wrbtrader> still waiting for a Creeper setup...
[10:04:29] <@wrbtrader> still a lot of volatility going in
[10:05:02] <+wave1> eur tank
[10:05:23] <@wrbtrader> got the tick chart up too...
[10:05:39] <@wrbtrader> Even that shows straight up...still waiting for a Creeper entry
[10:07:32] <@wrbtrader> Oil CL futures has retraced its entire volatility spike interval
[10:07:36] <+wave1> nq parablic
[10:07:45] <@wrbtrader> Long Emini TF @ 822.20 -> medium size
[10:07:51] <@wrbtrader> 4 contracts
[10:08:04] <@wrbtrader> Creeper Up Movement still active via tick charts
[10:09:35] <@wrbtrader> Oil CL needs to get stable
[10:09:49] <@wrbtrader> Exited all Emini TF Long @ 821.30 --> - 0.9
[10:09:59] <@wrbtrader> Shorts Emini TF @ 821.20 -> large size
[10:10:09] <@wrbtrader> 6 contracts
[10:10:25] <@wrbtrader> no more support from other key markets
[10:11:50] <+wave1> L 35
[10:11:54] <+wave1> nq
[10:12:04] <@wrbtrader> volatility contraction showing up now
[10:12:07] <@wrbtrader> :(
[10:12:58] <@wrbtrader> Covered all Emini TF Short @ 821.40 --> - 0.2
[10:13:30] <+wave1> out 36
[10:13:43] <@wrbtrader> Long Emini TF @ 821.80 -> large size
[10:14:01] <@wrbtrader> Emini YM has Creeper Up Movement still active on 2min chart
[10:14:59] <+wave1> nq :(
[10:17:52] <@wrbtrader> its trying to churn :(
[10:19:45] <@wrbtrader> Exited all Emini TF Long @ 823.90 --> + 2.1
[10:19:51] <@wrbtrader> WRB pt1 reached
[10:20:23] <+wave1> wd gutsy N
[10:22:50] <@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
[10:23:03] <+wave1> geez nq
[10:23:34] <@wrbtrader> Creeper Up Movement still active
[10:42:32] <+wave1> learned the hard way never S moves like that
[10:43:15] <@wrbtrader> When counter-trend trading...gotta keep tight stops
[10:43:38] <@wrbtrader> especially if you know you're counter-trend trading PRIOR to the trade entry
[10:44:30] <+wave1> xacely
[10:44:37] <+wave1> esactly
[10:46:27] <+wave1> so much better to trade with trend ...
[10:47:43] <@wrbtrader> Strongly Agree
[10:50:47] <+wave1> very slight pb on NQ
[10:56:10] <@wrbtrader> Long Emini TF @ 827.30 -> small size
[10:56:18] <@wrbtrader> 3 contracts
[10:56:42] <@wrbtrader> sister trading the Creeper Up Movement in Emini YM
[10:56:57] <@wrbtrader> WRB HG @ 1044am est
[10:57:25] <@wrbtrader> volatility has dramatically declined
[10:57:53] <+wave1> y with this big move expected for some time
[10:58:37] <@wrbtrader> not sure if we will get another volatility surge before the mid-day trading session begins
[10:59:17] <@wrbtrader> Exited all Emini TF Long @ 826.70 --> - 0.6
[11:00:39] <@wrbtrader> Gold turns lower after manufacturing data (MarketWatch) @ http://www.marketwatch.com/story/gold-s ... atest_news
[11:04:39] <T4n_paper> did you reach your profit target today Mark?
[11:06:32] <@wrbtrader> Yep
[11:07:18] <+T4n_paper> what was your largest contract size?
[11:08:56] <@wrbtrader> 8 contracts
[11:09:12] <+T4n_paper> oh, thanks
[11:14:17] <+wave1> ES barely a pb
[11:45:52] <+wave1> later guys ty all
[11:51:20] <@wrbtrader> increasing volatility but it looks now like it could go sideways from this current point
[11:52:50] <@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
[11:58:25] <@wrbtrader> EuroFX 6E futures and Forex EurUsd still stuck in a low volatility tight trading range AFTER the big price drop
[12:44:42] <@wrbtrader> Creeper Down Movement in Emini TF futures
[12:45:11] <@wrbtrader> same for Emini EMD futures
[12:52:52] <+T4n_paper> TF took the biggest drop of the minis
[12:55:27] <+T4n_paper> rui/rua even held better
[13:22:51] <@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
[13:34:46] <+T4n_paper> Long TF @ 824.3 -> small size «« simulator »»
[13:46:44] <+T4n_paper> Exited TF Long @ 823.5 --> - 0.8 «« simulator »»
[14:09:17] <+T4n_paper> Long TF @ 824.5 -> small size «« simulator »»
[14:10:56] <+T4n_paper> Exited TF Long @ 823.6 --> - 0.9 «« simulator »»
[14:46:02] <@wrbtrader> WRB Hidden GAP @ 1424pm est seems to be using its R & S area to contain price.
[14:46:29] <+T4n_paper> yep waiting
[14:48:06] <@wrbtrader> Shorts Emini TF @ 821.80 -> small size
[14:48:17] <+T4n_paper> Shorts TF @ 821.9 -> small size «« simulator »»
[14:48:17] <@wrbtrader> 1 contract
[14:48:27] <+T4n_paper> st 822.5
[14:48:36] <+T4n_paper> been run over last few days on this
[14:48:39] <+T4n_paper> Covered TF Short @ 822.5 --> - 0.6 «« simulator »»
[14:49:30] <@wrbtrader> price wants to stay in the range of that WRB Hidden GAP
[14:50:17] <@wrbtrader> Covered Emini TF Short @ 822.70 --> - 0.9
[14:50:53] <@wrbtrader> Shorts Emini TF @ 822.40 -> small size
[14:50:58] <@wrbtrader> 3 contracts
[14:51:01] <@wrbtrader> re-entry
[14:51:11] <@wrbtrader> intuition
[14:51:19] <@wrbtrader> same trade
[14:51:29] <+T4n_paper> Shorts TF @ 821.8 -> small size «« simulator »»
[14:52:44] <@wrbtrader> price action still fighting to stay inside that range of the WRB Hidden GAP
[14:53:26] <@wrbtrader> WRB pt1 reached
[14:53:52] <@wrbtrader> Covered all Emini TF Short @ 821.20 --> + 1.2
[14:55:45] <@wrbtrader> Creeper Down Movement still active
[14:56:12] <@wrbtrader> Shorts Emini TF @ 821.30 -> small size
[14:56:19] <+T4n_paper> Covered TF Short @ 821.5 --> + 0.3 «« simulator »»
[14:56:20] <@wrbtrader> 1 contract
[14:56:30] <@wrbtrader> same trade but via a different interval
[14:59:38] <@wrbtrader> Covered Emini TF Short @ 821.50 --> - 0.2
[15:00:24] <@wrbtrader> I'm done for the day...have an appointment to go too.
[15:00:39] <@wrbtrader> Take care all and see all tomorrow.
[15:00:47] <+T4n_paper> sy
[15:07:51] <@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
[16:37:52] <@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: Tue May 01 17:39:55 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
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