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 Post subject: May 17th Thursday - Futures, ETFs and Forex Currencies
 Post Posted: Thu May 17, 2012 9:53 pm 
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Joined: Tue Dec 16, 2008 1:02 am
Posts: 2522
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:
051712-Key-Price-Action-Markets.png
051712-Key-Price-Action-Markets.png [ 533.51 KiB | Viewed 76 times ]

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

Session Start: Thu May 17 08:27:54 2012
Session Ident: #FuturesTrades
[08:27:54] * Now talking in #FuturesTrades
[08:27:54] <@X> [NihabaAshi] chat room archives @ viewforum.php?f=20
[08:55:13] <@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
[09:22:46] <+Trendtrader> gm all
[09:24:41] <@wrbtrader> Good morning all
[09:27:28] <+Trendtrader> Shorts Emini TF @ 771.7 «« simulator »»
[09:27:31] <+Trendtrader> x4
[09:30:51] <+Trendtrader> Covered 1/2 Emini TF Short @ 771.2 --> + 0.5 «« simulator »»
[09:32:36] <+Trendtrader> Covered Remainder Emini TF Short @ 771.8 --> - 0.1 «« simulator »»
[09:33:03] <@wrbtrader> Today's Key Market Events @ 10am est via Phil FED Manu. Index and CB Leading Index
[09:35:21] <@wrbtrader> Shorts Emini TF @ 769.90 -> large size
[09:36:35] <@wrbtrader> 4+2
[09:37:59] <@wrbtrader> Covered all Emini TF Short @ 769.90 --> 0
[09:38:05] <@wrbtrader> Holding 1 contract remainder
[09:38:09] <@wrbtrader> ooops
[09:38:30] <@wrbtrader> cover 5 @ 768.90
[09:38:46] <@wrbtrader> not 769.90
[09:41:37] <@wrbtrader> Covered Remainder Emini TF Short @ 767.80 --> + 2.1
[09:54:01] <+Fleneer> the "institutional traders" moving this morning
[09:54:35] <@wrbtrader> Yep
[09:55:29] <@wrbtrader> Creeper Down Movement still active
[09:55:39] <@wrbtrader> getting closer to the 10am est key market events
[09:57:59] <@wrbtrader> Shorts Emini TF @ 765.80 -> small size
[09:58:07] <@wrbtrader> 3 contracts
[10:00:59] <@wrbtrader> Big WRB volatility spike
[10:01:14] <@wrbtrader> WRB pt1 reached
[10:02:46] <@wrbtrader> Covered all Emini TF Short @ 763.60 --> + 2.2
[10:18:51] <@wrbtrader> Hey witkon...that has to be the craziest user name I've seen on IRC in a very long time :)
[10:19:15] <witkonijntje> :-)
[10:19:25] <@wrbtrader> Emini TF has WRB Hidden GAP @ 1015am est
[10:19:29] <+witkonijntje> It's Dutch
[10:19:32] <@wrbtrader> ok
[10:20:49] <@wrbtrader> Emini YM futures has WRB Hidden GAP @ 1014am - 1016am est
[10:27:36] <@wrbtrader> increasing volatility
[10:31:31] <@wrbtrader> Creeper Down Movement
[10:31:54] <@wrbtrader> Shorts Emini TF @ 766.30 -> small size
[10:31:59] <@wrbtrader> 3 contracts
[10:33:04] <@wrbtrader> now the chop shows up :(
[10:34:22] <@wrbtrader> Covered all Emini TF Short @ 766.20 --> + 0.1
[10:34:50] <@wrbtrader> Shorts Emini TF @ 766.70 -> small size
[10:34:55] <@wrbtrader> re-entry
[10:34:58] <@wrbtrader> same price action
[10:35:04] <@wrbtrader> Creeper Down Movement still active
[10:37:41] <@wrbtrader> WRB pt1 reached (shallow)
[10:37:42] <@wrbtrader> :(
[10:37:54] <@wrbtrader> Covered all Emini TF Short @ 766.50 --> + 0.2
[10:38:20] <@wrbtrader> that prior volatility contraction of 3 intervals took away the profit
[10:39:09] <@wrbtrader> had it hit a WRB pt1 @ 765.90 instead of 766.40 it would have been a bigger profit
[10:40:14] <@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
[10:41:39] <@wrbtrader> Creeper Up Movement trying to re-establish itself
[10:47:16] <@wrbtrader> now the Creeper Down Movement trying hard to re-establish itself
[10:47:35] <@wrbtrader> each throwing volatility spikes against each other...
[10:47:46] <@wrbtrader> standing toe to toe in the middle of the ring :)
[10:53:31] <@wrbtrader> Creeper Down Movement active
[10:56:29] <T4n> i'm ready for more abuse today
[10:57:07] <@wrbtrader> Long Emini TF @ 765.00 -> small size
[10:59:22] <@wrbtrader> T4n...don't trade the mid-day crap and you'll be Ok.
[10:59:48] <+T4n> k, my midday starts at 1200
[11:00:01] <+T4n> or when vol drops significantly
[11:00:26] <@wrbtrader> Exited all Emini TF Long @ 765.50 --> + 0.5
[11:00:45] <@wrbtrader> Houdini Escape for me because my trade entry was an error
[11:01:13] <@wrbtrader> 2nd order entry error of the day :(
[11:04:38] <@wrbtrader> Creeper Down Movement still active
[11:05:19] <@wrbtrader> Shorts Emini TF @ 765.10 -> small size
[11:05:25] <@wrbtrader> 2 contracts
[11:06:34] <@wrbtrader> increasing volatility
[11:06:43] <@wrbtrader> chop
[11:06:53] <@wrbtrader> WRB retraced in the next interval by a WRB
[11:07:44] <@wrbtrader> Covered all Emini TF Short @ 764.80 --> + 0.3
[11:08:11] <@wrbtrader> got off that bronco ride...way too much bucking for me
[11:20:54] <@wrbtrader> Shorts Emini TF @ 763.50 -> small size
[11:21:02] <@wrbtrader> 3 contracts
[11:22:13] <@wrbtrader> Creeper Down Movement still active via the Nasdaq AD lines
[11:23:04] <+T4n> looks like i've got to do my job today...
[11:24:07] <@wrbtrader> Covered all Emini TF Short @ 762.10 --> + 1.4
[11:24:14] <@wrbtrader> WRB pt1 reached
[11:50:37] <+T4n> Long TF @ 761.5 -> small size «« simulator »»
[11:51:43] <+T4n> Exited TF Long @ 760.8 --> - 0.7 «« simulator »»
[11:52:32] <+T4n> Long TF @ 761.1 -> small size «« simulator »»
[11:55:47] <+T4n> Exited TF Long @ 761.8 --> + 0.7 «« simulator »»
[12:10:14] <@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
[13:40:15] <@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
[14:07:38] <+T4n> Shorts TF @ 759.6 -> small size «« simulator »»
[14:09:14] <+T4n> Covered TF Short @ 759.2 --> + 0.4 «« simulator »»
[14:22:57] <+T4n> ok 1420 vol spike
[14:42:13] <+T4n> Long TF @ 758.6 -> small size «« simulator »»
[14:42:15] <@wrbtrader> Creeper Down Movement active
[14:43:02] <@wrbtrader> Emini TF has WRB Hidden GAP @ 1434pm - 1436pm est
[14:43:50] <+T4n> Exited TF Long @ 758.8 --> + 0.2 «« simulator »»
[15:10:15] <@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
[15:15:10] <@wrbtrader> Volatility tried to pick up but the price action stayed inside 2.5 point range for the Emini TF
[15:15:36] <@wrbtrader> Emini ES futures has WRB Hidden GAP @ 1506pm - 1508pm est
[15:17:03] <@wrbtrader> Shorts Emini TF @ 758.50 -> small size
[15:17:08] <@wrbtrader> 1 contract
[15:18:15] <@wrbtrader> Shorts Emini TF @ 758.70 -> Add
[15:18:16] <+T4n> Shorts TF @ 758.7 -> small size «« simulator »»
[15:18:22] <@wrbtrader> 1 added
[15:19:53] <+T4n> Covered TF Short @ 758.6 --> + 0.1 «« simulator »»
[15:24:23] <@wrbtrader> Covered all Emini TF Short @ 758.20 --> + 0.8
[15:24:27] <+T4n> i dont know how you deal with this type of action
[15:24:31] <@wrbtrader> early exit
[15:24:54] <@wrbtrader> the chop killed my patience
[15:25:24] <@wrbtrader> T4n...this type of chop got on my nerves the past few trading days that were tough trading.
[15:25:42] <@wrbtrader> Just like the start of the new year back in January when it first appeared.
[15:25:54] <+T4n> that was far worse, but yes
[15:26:22] <@wrbtrader> It took me about a week to get use to it
[15:33:38] <@wrbtrader> lets see if this chops back upwards to give me a good short entry
[15:35:50] <+T4n> i hang on every wiggle after my entry
[15:36:19] <+T4n> if i ignore it, i'm usually punished
[15:36:49] <@wrbtrader> nope
[15:36:59] <@wrbtrader> not chop back upwards
[15:37:11] <@wrbtrader> gotta wait for the next trade opportunity to appear
[15:37:31] <@wrbtrader> still plenty of price action left in the regular session
[15:40:09] <@wrbtrader> Still a nice steady Creeper Downtrend
[15:40:11] <@wrbtrader> still active
[15:42:15] <+T4n> oh well, 2 steps back 1 forward
[15:42:47] <+T4n> try again tomorrow
[15:47:55] <@wrbtrader> Still dropping...so re-entry signal so far
[15:50:51] <@wrbtrader> Creeper Down Movement still active
[15:53:24] <@wrbtrader> Shorts Emini TF @ 753.60 -> small size
[15:53:34] <@wrbtrader> 2 contracts
[15:54:00] <@wrbtrader> Covered all Emini TF Short @ 754.10 --> - 0.5
[15:54:48] <@wrbtrader> Shorts Emini TF @ 754.30 -> small size
[15:54:55] <@wrbtrader> 3 contracts
[15:54:58] <@wrbtrader> re-entry
[15:55:02] <@wrbtrader> same price action
[15:56:00] <@wrbtrader> Hi canaan...late to the show today :)
[15:56:57] <@wrbtrader> chop going into the regular session close :(
[15:58:15] <@wrbtrader> trailing @ profit
[16:00:42] <@wrbtrader> Covered all Emini TF Short @ 753.80 --> + 0.5
[16:01:10] <@wrbtrader> had a WRB pt1 but didn't get a fill at 1 tick below it
[16:01:19] <@wrbtrader> almost but not good enough
[16:01:36] <@wrbtrader> sill a nice looking Creeper Down Movement
[16:03:17] <@wrbtrader> Got to go...
[16:03:22] <@wrbtrader> Take care all and see all tomorrow
[16:03:43] * wrbtrader is now known as wrbtrader_away
[16:05:15] <canaandog> hi, all - just getting connected today
[16:40:15] <@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: Thu May 17 18:13:51 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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