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 Post subject: May 9th Wednesday - Futures, ETFs and Forex Currencies
 Post Posted: Wed May 09, 2012 5:49 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 log in to #FuturesTrades chat room...please follow the instructions @ FTCHAT Support Forum * http://www.thestrategylab.com/ftchat/forum/viewforum.php?f=5

Attachment:
050912-Key-Price-Action-Markets.png
050912-Key-Price-Action-Markets.png [ 535.65 KiB | Viewed 67 times ]

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

Session Start: Wed May 09 06:42:37 2012
Session Ident: #FuturesTrades
[06:42:37] * Now talking in #FuturesTrades
[06:42:37] <@X> [wrbtrader] chat room archives @ viewforum.php?f=20
[09:21:41] <+Trendtrader> gm all
[09:26:57] <winmax60> good morning wrbtrader and everyone in the room :-)
[09:27:44] * Retrieving #FuturesTrades modes...
[09:29:00] <+Trendtrader> gm winmax
[09:30:59] <+Trendtrader> Shorts Emini TF @ 780.3 «« simulator »»
[09:31:04] <+Trendtrader> x6
[09:35:24] <@wrbtrader> Shorts Emini TF @ 781.70 -> large size
[09:35:34] <@wrbtrader> 6 contracts
[09:36:41] <@wrbtrader> FYI - Very good chance that Greece pulls out of the EuroZone (they don't want anything to do with the Eurodollar anymore).
[09:37:20] <@wrbtrader> This is not good for the market...could (should) send the markets eventually southward
[09:38:32] <@wrbtrader> Key market events today @ 1000am, 1030am, 1045am and 1300pm est
[09:39:21] <@wrbtrader> Covered all Emini TF Short @ 780.60 --> + 1.1
[09:39:41] <@wrbtrader> not a WRB pt1
[09:39:58] <@wrbtrader> I exited early because I just want to just watch a little...
[09:40:34] <@wrbtrader> I have this "price action feeling" the markets will be very confused this morning with the incredible Greece news.
[09:41:04] <@wrbtrader> Will trade again when after the first WRB Hidden GAP shows up
[09:54:02] <+Trendtrader> Covered all Emini TF Short @ 779.5 --> + 0.8 «« simulator »»
[10:07:44] <@wrbtrader> Emini ES futures has WRB Hidden GAP @ 0958am est
[10:16:32] <@wrbtrader> Shorts Emini TF @ 780.50 -> medium size
[10:16:38] <@wrbtrader> 4 contracts
[10:17:14] <@wrbtrader> Creeper Down Movement in Emini YM and Emini ES futures
[10:20:05] <@wrbtrader> Covered all Emini TF Short @ 780.30 --> + 0.2
[10:20:13] <@wrbtrader> all over the place :(
[10:20:32] <@wrbtrader> Shorts Emini TF @ 780.50 -> large size
[10:20:38] <@wrbtrader> 4+2
[10:20:44] <@wrbtrader> re-entry
[10:20:56] <@wrbtrader> got spooked out early in the prior trade
[10:23:35] <@wrbtrader> WRB pt1 reached
[10:23:49] <@wrbtrader> Covered 1/2 Emini TF Short @ 779.10 --> + 1.4
[10:24:55] <@wrbtrader> Covered Remainder Emini TF Short @ 780.00 --> + 0.5
[10:25:47] <@wrbtrader> I thought for sure I would get follow-through to a WRB pt2 area on that volatility spike to the WRB pt1 area
[10:25:51] <@wrbtrader> was wrong :(
[10:26:21] <@wrbtrader> still very choppy
[10:38:47] <@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
[10:45:04] <Tigerman> gm all
[10:45:26] <+Tigerman> I am late here but difficult price action
[10:45:40] <+Tigerman> now seems try go up
[10:56:43] <+Tigerman> Long IWM @ 78.33
[10:58:11] <T4n_paper> 1038 HG
[10:58:53] <+Tigerman> yes t4n I try to ride that move :)
[11:00:13] <+Tigerman> Exited all IWM Long @ 78.36 --> + 0.03
[11:00:17] <+Tigerman> :(
[11:00:37] <+Tigerman> price retrace on me after reached a shollow target
[11:01:00] <+Tigerman> simply price contracting now
[11:03:50] <+T4n_paper> no news on the radar to shake things up
[11:04:01] <+Tigerman> yep
[11:10:21] <+Tigerman> Long IWM @ 78.44
[11:10:27] <+Tigerman> chasing a bit
[11:10:48] <+Tigerman> re-entry on previous move seems still valid
[11:11:14] <+Tigerman> volatility try to expand
[11:12:52] <+Tigerman> Exited 1/2 IWM Long @ 78.63 --> + 0.19
[11:14:31] <+Tigerman> also received phone call in the mid of the trade
[11:14:51] <+Tigerman> in the past make me very bervous
[11:15:01] <+Tigerman> but today I keep it quit
[11:15:19] <+Tigerman> relaxed I mean :)
[11:15:40] <+Tigerman> bervous=nervous :)
[11:16:59] <+Tigerman> Exited Remainder IWM Long @ 78.67 --> + 0.23
[11:20:23] <@wrbtrader> Long Emini TF @ 766.30 -> medium size
[11:20:43] <@wrbtrader> chasing by 3 - 4 ticks
[11:21:04] <@wrbtrader> now already at a WRB pt1...need to be careful of a retracement
[11:21:11] <@wrbtrader> tighten stop loss
[11:21:45] <+Tigerman> hi wrbtrader do ya mean 786 TF ?
[11:22:00] <@wrbtrader> Yes
[11:22:28] <@wrbtrader> meant...Yes in TF @ 785.70
[11:23:17] <@wrbtrader> Exited all Emini TF Long @ 787.60 --> + 21.3
[11:23:29] <@wrbtrader> +1.3
[11:23:32] <+Tigerman> good 21 points :)
[11:30:37] <@wrbtrader> volatility now dramatically declining...fast
[11:31:01] <@wrbtrader> I now suspect the mid-day trading session is about to start :(
[11:31:46] <@wrbtrader> I say that becuase there's now "more" contraction and the WRB Hidden GAPs have been getting "smaller"
[11:42:20] <@wrbtrader> Emini TF has a WRB Hidden GAP @ 1136am est
[11:47:42] <@wrbtrader> Creeper Up Movement still active
[11:52:09] <@wrbtrader> Long Emini TF @ 787.80 -> small size
[11:52:17] <@wrbtrader> 2 contracts
[11:54:35] <@wrbtrader> Exited Emini TF Long @ 787.50 --> - 0.3
[11:55:32] <@wrbtrader> stop would have normally been @ 787.70 in that price action
[11:55:42] <@wrbtrader> but my entry was too tight too the stop
[11:56:07] <@wrbtrader> reason why I placed my stop a few ticks below 787.70
[11:56:30] <+Tigerman> yep res of tha mentioned WRB
[11:56:51] <@wrbtrader> Ye
[11:56:53] <+Tigerman> many thanks wrbtrader to explain this things
[11:56:56] <@wrbtrader> Yes
[12:08:47] <@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
[12:09:20] <+T4n_paper> midday junk
[12:11:56] <@wrbtrader> Shorts Emini TF @ 785.40 -> small size
[12:12:04] <@wrbtrader> 2 contracts
[12:12:20] <@wrbtrader> Creeper Down Movement
[12:14:40] <@wrbtrader> geeesh
[12:16:06] <@wrbtrader> Covered all Emini TF Short @ 786.10 --> - 0.7
[12:24:45] <@wrbtrader> Shorts Emini TF @ 785.60 -> small size
[12:24:56] <@wrbtrader> 2 contracts
[12:24:58] <@wrbtrader> re-entry
[12:25:01] <@wrbtrader> intuition
[12:25:32] <@wrbtrader> wow...what was that ?
[12:25:38] <@wrbtrader> spike down
[12:25:49] <@wrbtrader> WRB pt1 reached
[12:29:21] <@wrbtrader> Covered all Emini TF Short @ 785.40 --> + 0.2
[12:30:23] <@wrbtrader> Shorts Emini TF @ 785.00 -> small size
[12:30:36] <@wrbtrader> same trade as prior
[12:30:40] <@wrbtrader> 2 contracts
[12:31:34] <@wrbtrader> WRB pt1 reached
[12:38:04] <@wrbtrader> Covered all Emini TF Short @ 782.80 --> + 2.2
[12:38:56] <+T4n_paper> Shorts TF @ 783.2 -> small size «« simulator »»
[12:39:38] <+Tigerman> see all later
[12:40:05] <+T4n_paper> Covered TF Short @ 783.7 --> - 0.5 «« simulator »»
[13:20:15] <T4n_paper> Long TF @ 785.8 -> small size «« simulator »»
[13:21:34] <+T4n_paper> Exited TF Long @ 786.8 --> + 1 «« simulator »»
[13:24:19] <@wrbtrader> huge volatility spike
[13:24:46] <@wrbtrader> looks nice on the 3min chart
[13:25:26] <@wrbtrader> Long Emini TF @ 789.00 -> small size
[13:25:34] <@wrbtrader> 3 contracts
[13:27:23] <@wrbtrader> Exited all Emini TF Long @ 789.20 --> + 0.2
[13:28:18] <@wrbtrader> poor entry...gave it a chance and then decided I don't want to hang around in this one
[13:32:39] <@wrbtrader> Long Emini TF @ 789.00 -> small size
[13:32:45] <@wrbtrader> 2 contracts
[13:33:05] <@wrbtrader> Emini YM and Emini ES are in a Creeper Up Movement
[13:33:17] <+T4n_paper> cant afford this trade
[13:33:17] <@wrbtrader> hopefully Emini TF futures will follow
[13:33:40] <@wrbtrader> T4n...why not ?
[13:33:45] <+T4n_paper> big stop
[13:34:21] <@wrbtrader> that's what trail stops are for...adjusting to better manage the trade
[13:35:00] <+T4n_paper> i know, i normally try, but my confidence is broken lately
[13:35:11] <+T4n_paper> i'll just skip it
[13:35:31] <@wrbtrader> I just went from an initial stop @ 786.90 (too big via the S area of the WRB HG) to a 789.20 as soon as it moved my way
[13:36:08] <@wrbtrader> had it not gone my way...initial stop would have been low of the volatility contraction @ 787.60
[13:36:31] <+T4n_paper> sounds good
[13:37:03] <@wrbtrader> If that was still "too big"...I would have just placed the initial stop at the low of the entry interval @ 786.60
[13:37:18] <@wrbtrader> meant 788.60
[13:38:48] <@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
[13:38:54] <@wrbtrader> Exited all Emini TF Long @ 789.50 --> + 0.5
[13:39:01] <+T4n_paper> seems like you'd expect imediate results
[13:39:35] <@wrbtrader> I don't expect results
[13:39:48] <@wrbtrader> Instead, I expect to try to follow the trading plan as closely as possible
[13:39:58] <@wrbtrader> everything else will follow
[13:40:04] <@wrbtrader> including the results
[13:40:30] <@wrbtrader> Simply, I don't see a trade as profits.
[13:40:45] <+T4n_paper> well, seems my stop tightening has kept me in the hole
[13:40:52] <@wrbtrader> Instead, I compete with my ability to follow the trading plan as closely as possible
[13:41:29] <@wrbtrader> Well...if its something you notice being consistent...
[13:42:05] <@wrbtrader> You need to develop the ability to "re-enter" a trade that takes you out at a loss and then retraces back into the direction you wanted it to go
[13:42:26] <@wrbtrader> close to 1/2 my trades now are "re-entries"
[13:42:36] <+T4n_paper> yeah, i like the idea
[13:43:30] <@wrbtrader> Emini TF in Creeper Up Movement 2min chart
[13:43:41] <@wrbtrader> WRB Hidden GAP @ 1322pm est
[13:43:42] <+T4n_paper> I think i need to break the habbit of looking for a C2C1 reentry signal
[13:43:53] <+T4n_paper> and just enter at a better price
[13:44:07] <@wrbtrader> Long Emini TF @ 789.90 -> small size
[13:44:27] <@wrbtrader> 3 contracts
[13:45:17] <@wrbtrader> stop @ 789.20
[13:45:43] <@wrbtrader> R area of the WRB Hidden GAP
[13:46:09] <@wrbtrader> :(
[13:46:19] <@wrbtrader> now see a trade error
[13:46:33] <@wrbtrader> now looking for a Houdini Escape
[13:47:02] <@wrbtrader> Exited all Emini TF Long @ 789.20 --> - 0.7
[13:48:13] <@wrbtrader> used the wrong WRB HG and that means my stop should have been @ 789.60
[13:48:33] <@wrbtrader> the error cost me an extra 4 tick loss
[13:49:50] <@wrbtrader> Long Emini TF @ 789.70 -> small size
[13:49:58] <@wrbtrader> 3 contracts
[13:50:07] <@wrbtrader> re-entry via the price action of Emini ES futures
[13:52:36] <@wrbtrader> WRB pt1 reached
[13:53:00] <@wrbtrader> Exited all Emini TF Long @ 790.80 --> + 1.1
[14:45:53] <@wrbtrader> Long Emini TF @ 788.80 -> small size
[14:46:10] <@wrbtrader> 2 contracts
[14:46:22] <+T4n_paper> delayed entry?
[14:46:31] <@wrbtrader> Exited Emini TF Long @ 788.10 --> - 0.7
[14:46:48] <@wrbtrader> trade error and it showed quickly
[14:49:35] <@wrbtrader> Shorts Emini TF @ 788.10 -> small size
[14:49:44] <@wrbtrader> 3 contracts
[14:49:53] <@wrbtrader> re-entry
[14:50:06] <@wrbtrader> prior trade should have been a Short and I went Long :(
[14:50:33] <@wrbtrader> choppy
[14:50:58] <+T4n_paper> 1322 HG price container
[14:54:58] <@wrbtrader> WRB pt1 reached (shallow due to the choppy tight intervals)
[14:55:01] <@wrbtrader> :(
[14:56:15] <@wrbtrader> Covered all Emini TF Short @ 787.70 --> + 0.4
[14:56:38] <@wrbtrader> I hate those types of shake outs via chop
[14:57:49] <@wrbtrader> That prior losing Long (trade error) took away a great entry I wanted for a Short position :(
[15:07:23] <+Tigerman> hi all I m back
[15:08:32] <+Tigerman> Shorts IWM @ 78.78
[15:08:48] <@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
[15:09:36] <+Tigerman> price contracting
[15:11:46] <+Tigerman> Covered all IWM Short @ 78.79 --> - 0.01
[15:14:44] <+Tigerman> Shorts IWM @ 78.75
[15:17:33] <+Tigerman> Covered all IWM Short @ 78.78 --> - 0.03
[15:45:09] <@wrbtrader> WRB Hidden GAP for Emini TF futures @ 1536pm - 1538pm est
[15:55:42] <@wrbtrader> Shorts Emini TF @ 787.90 -> small size
[15:55:53] <@wrbtrader> 2 contracts
[16:00:44] <@wrbtrader> Covered all Emini TF Short @ 785.90 --> + 2
[16:00:55] <@wrbtrader> WRB pt1 reached
[16:03:36] <@wrbtrader> Need some rest...I was very aggressive today in my trading in comparison to the past few months of trading.
[16:03:40] <@wrbtrader> Mentally drained.
[16:14:20] <+Tigerman> yeah tradind drain our mental energy a lot
[16:15:20] <+Tigerman> I exit take care and see all tomorrow thanks for chatting
[16:38:49] <@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
Session Close: Wed May 09 18:48:23 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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