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 Post subject: May 7th Monday - Futures, ETFs and Forex Currencies
 Post Posted: Mon May 07, 2012 5:09 pm 
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Trader / Forum Admin

Joined: Tue Dec 16, 2008 1:02 am
Posts: 2883
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:
050712-Key-Price-Action-Markets.png
050712-Key-Price-Action-Markets.png [ 503.64 KiB | Viewed 109 times ]

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

Session Start: Mon May 07 07:22:07 2012
Session Ident: #FuturesTrades
[07:22:07] * Now talking in #FuturesTrades
[07:22:07] <@X> [NihabaAshi] chat room archives @ viewforum.php?f=20
[07:23:37] <@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
[09:08:38] <@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
[09:17:40] <@wrbtrader> Good morning
[09:32:29] <Trendtrader> gm all
[09:33:50] <+Trendtrader> Shorts Emini TF @ 785.6 «« simulator »»
[09:33:55] <+Trendtrader> x6
[09:39:10] <@wrbtrader> Long Emini TF @ 789.80 -> medium size
[09:39:24] <@wrbtrader> 4 contracts
[09:39:58] <@wrbtrader> hmmm...
[09:40:46] <@wrbtrader> Exited all Emini TF Long @ 790.80 --> + 1
[09:40:59] <@wrbtrader> not a WRB pt1
[09:42:23] * Retrieving #FuturesTrades modes...
[09:43:39] <+Trendtrader> Shorts Emini TF @ 789.6 -> Add «« simulator »»
[09:43:47] <+Trendtrader> 12total
[09:45:59] <+Trendtrader> Covered 3/4 Emini TF Short @ 786.6 --> + 3 «« simulator »»
[09:46:15] <@wrbtrader> wow...what a reverse
[09:46:19] <+Trendtrader> (really 1pt on 9)
[09:46:39] <+Trendtrader> 3remaining
[09:47:33] <+Trendtrader> stop at BE+2 (9:45 bar open)
[09:51:02] <+Trendtrader> Covered Emini TF Short @ 787.1 --> - 1.5 «« simulator »»
[09:51:38] <+Trendtrader> 1 remaining
[09:51:58] <+Trendtrader> last was 2.5pts on 2 contracts
[09:52:49] <+Trendtrader> decided to split remaining 3 - leave one at BE+2 and drop other two b/c of potential double bottom forming.
[09:56:54] <@wrbtrader> Hi maple :)
[09:58:37] <maple> gm N
[09:58:51] <+maple> sorry @office need to change my nick
[09:59:01] <+Trendtrader> Covered Remainder Emini TF Short @ 789.4 --> - 3.8 «« simulator »»
[09:59:18] <+Trendtrader> last one off at +2t
[09:59:45] <+maple> geez feel totally out of synch ..
[09:59:52] <+maple> vn TT
[10:00:57] <+Trendtrader> how do you mean out of synch?
[10:01:48] <+maple> busy at the office ..my focus was not on the trading and so signed up late ..
[10:01:54] <+maple> will need to be v careful ..
[10:02:40] <+maple> NQ running
[10:04:14] <+Trendtrader> I know what you mean, I was like that this am. Got set-up at one minute after the open and didn't have time to get mentally prepared.
[10:04:41] <+maple> y that is what I meant ..metally prepared .
[10:06:16] <+maple> L nq 36 paper
[10:06:24] <+Trendtrader> I like to be in room and have charts up and running at least 10min before the open. Then I start writing in my journal. The routine helps a lot. Today I felt rushed and not on my game.
[10:06:49] <+maple> exactly ..so imp to do be ready when the mkt open
[10:07:42] <+Trendtrader> Got a totally different question for you... how do you find trading the NQ? pros? cons?
[10:08:05] <+maple> out -2 nq
[10:08:40] <+maple> I like it ..it moves but not crazy like TF or slow like ES
[10:09:03] <+maple> I like ES too... take an entry & relax ..
[10:10:47] <+maple> Both NQ ES I can accept small losses ..
[10:12:39] <+Trendtrader> mentally it is easier to accept the losses, do you mean?
[10:12:55] <+maple> y
[10:13:16] <+maple> & losses can beeasily controlled ..ES 1.25 stop
[10:13:30] <+maple> NQ 3 pt stop but usually 2 pt I am gone
[10:15:47] <+maple> S 31 nq
[10:16:05] <+Trendtrader> o.k. thanks.
[10:18:47] <+maple> tricky here
[10:19:07] <+maple> out -2.5
[10:34:03] <+maple> missed the S ...was out
[10:34:57] <@wrbtrader> Shorts Emini TF @ 786.70 -> medium size
[10:35:09] <@wrbtrader> 4 contracts
[10:36:05] <@wrbtrader> poor entry but lucky so far
[10:38:01] <@wrbtrader> Covered all Emini TF Short @ 786.10 --> + 0.6
[10:38:38] <@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
[10:49:03] <+maple> 2630 will be S on NQ
[10:50:00] <+maple> S 30 .5
[10:50:57] <+maple> out -1.5
[10:59:34] <T4n_paper> Shorts TF @ 788.1 -> small size «« simulator »»
[11:00:33] <+T4n_paper> Covered TF Short @ 789.1 --> - 1 «« simulator »»
[11:01:58] <+maple> wow buy programs kick in
[11:02:14] <@wrbtrader> Long Emini TF @ 790.70 -> medium size
[11:02:30] <@wrbtrader> 3+1
[11:03:15] <@wrbtrader> that's a big WRB
[11:07:42] <@wrbtrader> Exited all Emini TF Long @ 790.00 --> - 0.7
[11:12:45] <+T4n_paper> Long TF @ 789.3 -> small size «« simulator »»
[11:15:58] <+T4n_paper> Exited TF Long @ 788.6 --> - 0.7 «« simulator »»
[11:31:31] <+T4n_paper> consolidating on the upper end of the 0936 WRBHG
[11:39:14] <@wrbtrader> Emini ES price action still trying hard to get above the range of the WRB Hidden GAP @ 1100am est
[12:23:39] <@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
[12:25:00] <+T4n_paper> Long TF @ 788.9 -> small size «« simulator »»
[12:30:33] <+T4n_paper> Exited TF Long @ 789.4 --> + 0.5 «« simulator »»
[12:35:46] <@wrbtrader> nice volatility spike...not sure why
[13:13:01] <maple> back
[13:53:39] <@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
[15:12:38] <@wrbtrader> Oddly quiet in here today :(
[15:12:54] <@wrbtrader> just got back from an appointment
[15:13:06] <T4n_paper> charts down...
[15:13:49] <@wrbtrader> ok
[15:22:19] <@wrbtrader> Emini TF still stuck inside the range of the WRB Hidden GAP @ 1318pm est
[15:32:22] <@wrbtrader> Euro hits lowest since January after elections (MarketWatch) @ http://www.marketwatch.com/story/euro-t ... 2012-05-07
[15:38:40] <@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
[15:50:33] <@wrbtrader> still a lot of volatility contraction
[15:50:58] <@wrbtrader> Emini ES now trying to push lower...
[15:51:57] <@wrbtrader> Overall I seem to have missed the best trading duration of the day...it occurred during the mid-day trading session :(
[16:06:12] <@wrbtrader> I have no appointments tomorrow...
[16:06:23] <@wrbtrader> Thus, will be a full trading day for me.
[16:06:36] <+T4n_paper> hope tos comes back
[16:06:45] <+T4n_paper> stopped working
[16:06:45] <@wrbtrader> Hopefully we can get some extra volatility so that I can up my position size.
[16:06:58] <@wrbtrader> T4n...do you know what happen ?
[16:07:16] <@wrbtrader> Is it the real-money data or just the paper account data ?
[16:07:16] <+T4n_paper> it just said connection problem
[16:07:19] <+T4n_paper> so i waited
[16:07:27] <+T4n_paper> then tried to reset and now cant log in
[16:07:46] <@wrbtrader> I know they have different feeds for the real-money data versus the paper account data
[16:08:53] <@wrbtrader> If I remember correctly...I heard (maybe a rumor) they were trying to put the real-money data accounts and the paper data accounts on the "same data feed" instead of seperate feeds.
[16:09:05] <@wrbtrader> Maybe that's what they did and something went wrong.
[16:11:52] <@wrbtrader> I hope TOS comes out with a mobile capability platform for like iPad, itouch or any other android device.
[16:12:15] <@wrbtrader> I would do trades through TOS if that happens...
[16:12:45] <+T4n_paper> i dont plan on using tos if i ever go live
[16:12:51] <+T4n_paper> maybe just for charts
[16:13:02] <@wrbtrader> Yet, would only do trades with them if I know its a trade that could overlap a personal appointment I'm getting ready to go to.
[16:13:31] <@wrbtrader> As you know...I ALWAYS close any open trade "early" whenever its time for me to go to an appointment.
[16:14:40] <@wrbtrader> I want to fix that and be able to monitor the price data via mobile and then close the position while going to my appointment or while waiting in the lobby at my appointment :)
[16:15:16] <+T4n_paper> sounds good
[16:29:50] <@wrbtrader> Take care all and see all tomorrow
[16:30:03] <+T4n_paper> cya
[16:30:06] * wrbtrader is now known as wrbtrader_away
[17:08:40] <@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 May 07 17:17:53 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


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