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 Post subject: May 15th Tuesday - Futures, ETFs and Forex Currencies
 Post Posted: Tue May 15, 2012 6:42 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:
051512-Key-Price-Action-Markets.png
051512-Key-Price-Action-Markets.png [ 520.6 KiB | Viewed 74 times ]

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

Session Start: Tue May 15 07:17:48 2012
Session Ident: #FuturesTrades
[07:17:48] * Now talking in #FuturesTrades
[07:17:48] <@X> [NihabaAshi] chat room archives @ viewforum.php?f=20
[07:39:14] <@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
[09:24:15] <@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
[09:26:21] <Trendtrader> gm all
[09:27:14] <@wrbtrader> Good morning all
[09:28:46] <+Trendtrader> Shorts Emini TF @ 776.9 «« simulator »»
[09:28:49] <+Trendtrader> x6
[09:32:13] <@wrbtrader> Shorts Emini TF @ 777.40 -> large size
[09:32:21] <@wrbtrader> 3+3
[09:33:53] <@wrbtrader> Covered all Emini TF Short @ 777.80 --> - 0.4
[09:34:21] <@wrbtrader> It converted into a Creeper Up Movement
[09:34:25] <@wrbtrader> had to let it go
[09:36:12] <@wrbtrader> Long Emini TF @ 778.60 -> large size
[09:36:19] <@wrbtrader> 6 contracts
[09:36:22] <@wrbtrader> Creeper Up Movement
[09:37:13] <@wrbtrader> stay away chop...don't show up :)
[09:38:19] <+Trendtrader> Shorts Emini TF @ 778.2 -> Add «« simulator »»
[09:38:33] <+Trendtrader> 12 tttl
[09:40:25] <+Trendtrader> stop to BE+1
[09:40:40] <+Trendtrader> stopped out
[09:40:59] <@wrbtrader> Exited all Emini TF Long @ 776.60 --> - 2
[09:41:01] <+Trendtrader> Covered all Emini TF Short @ 777.4 --> + 0.3 «« simulator »»
[09:41:08] <+Trendtrader> :(
[09:42:07] <@wrbtrader> choppy now :(
[09:42:57] <+Trendtrader> Agreed. going to watch for a bit.
[09:43:21] <@wrbtrader> Shorts Emini TF @ 776.90 -> large size
[09:43:34] <@wrbtrader> 4+2
[09:44:53] <@wrbtrader> Covered all Emini TF Short @ 776.80 --> + 0.1
[09:45:17] <@wrbtrader> suddenly turned into yesterday's morning price action via that "strange chop"
[09:45:37] <@wrbtrader> Shorts Emini TF @ 776.80 -> large size
[09:45:46] <+Trendtrader> Shorts Emini TF @ 776.4 «« simulator »»
[09:45:55] <@wrbtrader> I strongly doubt it's just a coincidence
[09:46:07] <@wrbtrader> 3+3
[09:47:19] <@wrbtrader> Reminds me of that same price action we saw that started at the beginning of the new year and last for an entire month
[09:48:18] <@wrbtrader> Covered all Emini TF Short @ 776.50 --> + 0.3
[09:48:22] <@wrbtrader> :(
[09:50:44] <@wrbtrader> Most of today's WRB Hidden GAPs occurred prior to 0930am est
[09:51:54] <@wrbtrader> Long Emini TF @ 777.90 -> large size
[09:52:29] <@wrbtrader> 6 contracts
[09:52:31] <@wrbtrader> intuition
[09:53:34] <@wrbtrader> with the chop...not a safe trade until 1 point in the favor
[09:54:12] <@wrbtrader> Thus, will try managing my stops tighter until a trade is 1 point in the green
[09:55:06] <@wrbtrader> trailing @ profit
[09:57:54] <@wrbtrader> Exited all Emini TF Long @ 778.30 --> + 0.4
[09:59:24] <+Trendtrader> Shorts Emini TF @ 777.9 -> Add «« simulator »»
[09:59:29] <+Trendtrader> 6ttl
[09:59:57] <@wrbtrader> :(
[10:00:28] <@wrbtrader> WRB pt1 without me on board
[10:00:31] <@wrbtrader> hate the chop
[10:01:16] <@wrbtrader> key market event price reaction
[10:01:33] <@wrbtrader> was hoping to be able to survive the initial reaction in that trade
[10:02:16] <@wrbtrader> Creeper Up Movement still active
[10:02:35] <+Trendtrader> Shorts Emini TF @ 779.8 -> Add «« simulator »»
[10:02:40] <+Trendtrader> 12ttl
[10:02:48] <@wrbtrader> Long Emini TF @ 779.50 -> large size
[10:02:55] <@wrbtrader> 6 contracts
[10:04:06] <@wrbtrader> Exited all Emini TF Long @ 778.50 --> - 1
[10:04:26] <@wrbtrader> Long Emini TF @ 778.60 -> large size
[10:04:35] <@wrbtrader> 5+1
[10:05:00] <@wrbtrader> re-entry
[10:08:19] <@wrbtrader> Exited all Emini TF Long @ 780.00 --> + 1.4
[10:09:21] <@wrbtrader> Today's and Yesterday's volatility chop is a good example that exposes the flaws of "only" learning via hindsight charts.
[10:09:54] <@wrbtrader> You don't see the chop in hindsight charts...you only see it in real trading conditions when it shows up.
[10:11:16] <winmax60> right...thanks...when it shows up, very hard to handle... no matter what... :-(
[10:11:42] <+winmax60> wrbtrader..thanks
[10:51:45] <T4n> Long TF @ 780.6 -> small size «« simulator »»
[10:53:35] <+T4n> Exited TF Long @ 779.9 --> - 0.7 «« simulator »»
[10:54:15] <@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
[11:01:01] <+T4n> just in time for consolidation
[11:01:23] <Fleneer> market sideways here on the NQ
[11:02:00] <+Fleneer> couple 1.00 scalps have me green on the morning. the trick now is to hold onto the gain :o)
[11:11:10] <+Trendtrader> Covered Emini TF Short @ 777.6 --> + 1 «« simulator »»
[11:11:17] <+Trendtrader> 2 left
[11:12:04] <+Trendtrader> exit stop moved to breakeven Emini TF @ 778.5 «« simulator »»
[11:16:00] <+Fleneer> long from 95.75 and in the hole on it. looking for 96.00 bounce if I'm lucky
[11:20:32] <+Trendtrader> Covered Remainder Emini TF Short @ 777.6 --> - 1.2 «« simulator »»
[11:21:12] <+Fleneer> never forget the possibility of a little luck. got the bounce to fill 2596.00 to exit clean
[11:21:52] * Looking up lucas user info...
[11:26:23] <@wrbtrader> Creeper Down Movement still active
[11:26:42] * Looking up lucas user info...
[11:28:11] <@wrbtrader> If the Emini Futures (ES) and Eurex Futures (e.g. DAX) are going to push lower...
[11:28:33] <@wrbtrader> They need to drop below the S area of the WRB Hidden GAP @ 1112am - 1114am est
[11:29:22] <@wrbtrader> Shorts Emini TF @ 777.00 -> small size
[11:29:30] <@wrbtrader> 3 contracts
[11:30:14] <+Fleneer> NQ just had a ttextbook Fib trade. down move 2607.75 to 2591.00 the 0.382 bounce is 2597.00 market bounced to that and rolled over.
[11:32:46] <@wrbtrader> Covered all Emini TF Short @ 777.80 --> - 0.8
[11:33:11] <@wrbtrader> testing the R area of that same WRB Hidden GAP
[11:33:21] <+Fleneer> 0.500 = 2599.00 0.618 = 2601.00 look for failure bars there to short
[11:33:49] <@wrbtrader> still a 1.2 point range in the Emini TF since that WRB Hidden GAP
[11:39:33] <@wrbtrader> Long Emini TF @ 780.50 -> large size
[11:40:18] <@wrbtrader> higher time frame chart = tougher trade than normal after trading via the smaller time frame chart
[11:41:24] <+winmax60> means you move up to higher time frame chart? ie, 5M ???
[11:41:35] <@wrbtrader> 15
[11:41:50] <+winmax60> thanks. :-))
[11:42:17] <@wrbtrader> interval still developing on the 15min chart
[11:42:50] <@wrbtrader> Thus, I'm not expecting this interval to retrace and put in a long upper shadow
[11:43:07] <@wrbtrader> I'm expecting it to close near the highs of the interval...
[11:43:14] <@wrbtrader> struggling now to do such :(
[11:44:09] <+winmax60> getting close to the top of the range... :(
[11:46:36] <@wrbtrader> Exited all Emini TF Long @ 780.60 --> + 0.1
[11:46:47] <@wrbtrader> It tried but not good enough
[11:47:05] <@wrbtrader> Creeper Up Movement still active on the smaller time frame
[11:47:32] <@wrbtrader> trying to get a better entry price than my prior trade
[11:47:46] <@wrbtrader> Long Emini TF @ 821.20 -> large size
[11:48:01] <@wrbtrader> didn't let it
[11:48:08] <@wrbtrader> Creeper Up Movement still active
[11:48:13] <+T4n> i've been struggling for better entries all morning, only leading to misses
[11:48:31] <@wrbtrader> Yeah...that's the chop doing that
[11:48:43] <@wrbtrader> I've been chasing price action all day because of the chop :(
[11:49:15] <@wrbtrader> I think I'm averaging about 4 ticks away from my trade signal prices
[11:49:23] <@wrbtrader> WRB pt1 reached
[11:49:35] <@wrbtrader> Big WRB and another volatility spike
[11:50:01] <@wrbtrader> correction
[11:50:11] <+Fleneer> I try to not chase. more likely to make a quick countertrend scalp on a move.
[11:50:23] <@wrbtrader> Long Emini TF @ 781.20 -> large size
[11:50:34] <@wrbtrader> not 821.20
[11:51:42] <@wrbtrader> Exited all Emini TF Long @ 782.20 --> + 1
[11:51:53] <@wrbtrader> 3 then 3 again
[11:53:07] <@wrbtrader> Creeper Up Movement but the retracement now must stop and go back up to reset the Creeper Up Movement...
[11:53:17] <@wrbtrader> if not...should see lots of volatility contraction
[12:00:36] <@wrbtrader> back above the close of the WRB Hidden GAP @ 1148am est on volatility contraction
[12:02:04] <+T4n> just in time for 1200
[12:05:02] <@wrbtrader> Long Emini TF @ 782.90 -> medium size
[12:05:13] <@wrbtrader> early entry
[12:05:34] <@wrbtrader> 2+2
[12:06:25] <@wrbtrader> Creeper Up Movement still active but now the mid-day trading session has started (volatility crap)
[12:06:26] <@wrbtrader> :(
[12:07:19] <@wrbtrader> meant that slow moving volatility contraction that's commonplace during the mid-day trading session
[12:07:37] <@wrbtrader> WRB pt1 reached
[12:09:53] <@wrbtrader> Exited all Emini TF Long @ 783.40 --> + 0.5
[12:13:37] <+T4n> Long TF @ 783.4 -> small size «« simulator »»
[12:18:17] <+T4n> Exited TF Long @ 782.4 --> - 1 «« simulator »»
[12:20:48] <+T4n> Long TF @ 782.3 -> small size «« simulator »»
[12:22:56] <+T4n> Exited TF Long @ 781.9 --> - 0.4 «« simulator »»
[12:39:15] <@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
[12:40:58] <+T4n> Long TF @ 782.5 -> small size «« simulator »»
[12:49:53] <+T4n> Exited TF Long @ 782 --> - 0.5 «« simulator »»
[12:53:47] <+T4n> decent dark hg would help
[12:55:36] <+T4n> good, now i'll start gunning for shorts
[13:03:00] <+T4n> of course it develops some support
[13:03:11] <+T4n> thus doubting my shorts
[13:04:14] <+T4n> Shorts TF @ 781.8 -> small size «« simulator »»
[13:06:11] <+T4n> Covered TF Short @ 782.2 --> - 0.4 «« simulator »»
[13:08:04] <+T4n> damn i'm good at doing th wrong thing
[13:08:24] <+T4n> makes me wonder
[13:08:55] <+T4n> Shorts TF @ 782 -> small size «« simulator »»
[13:10:27] <+T4n> Covered TF Short @ 782.3 --> - 0.3 «« simulator »»
[13:26:48] <+T4n> teach me not to trade the afternoon...
[13:54:25] <@wrbtrader> Shorts Emini TF @ 779.90 -> small size
[13:54:39] <@wrbtrader> 2 contracts
[13:55:21] <+T4n> was waiting at 780.3
[13:55:29] <+T4n> guess it wont make it
[13:55:40] <+T4n> I cant board anything decent
[13:56:12] <@wrbtrader> Covered all Emini TF Short @ 778.70 --> + 1.2
[13:56:21] <@wrbtrader> WRB pt1 reached
[14:01:45] * Retrieving #FuturesTrades modes...
[14:04:34] <@wrbtrader> Creeper Down Movement still active
[14:05:10] <@wrbtrader> In Emini NQ, EMD, YM, ES, TF and DAX futures
[14:09:16] <@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
[14:10:44] <+T4n> Shorts TF @ 779.7 -> small size «« simulator »»
[14:11:06] <+T4n> Covered TF Short @ 780.1 --> - 0.4 «« simulator »»
[14:12:01] <+T4n> funfun
[14:15:17] <+T4n> Shorts TF @ 780.5 -> small size «« simulator »»
[14:15:19] <+T4n> guess
[14:18:32] <+T4n> woohoo
[14:18:34] <+T4n> Covered TF Short @ 780 --> + 0.5 «« simulator »»
[14:18:44] <@wrbtrader> good guess because Emini ES currently looking a little weak on the 5min chart
[14:19:11] <@wrbtrader> Emini ES needs to stay below 1336
[14:19:15] <+T4n> i hate when the guesses work but not my plan..
[14:22:38] <@wrbtrader> volatility spike
[14:30:54] <@wrbtrader> Long Emini TF @ 781.00 -> small size
[14:31:16] <@wrbtrader> 2 contracts
[14:31:47] <+T4n> reaching into 1148 HG
[14:32:10] <+T4n> i want nothing to do with that zone...
[14:32:15] <+T4n> already chewed me up
[14:34:05] <@wrbtrader> That WRB Hidden GAP you mentioned became a WRB Zone within the notorious mid-day trading session...
[14:34:32] <@wrbtrader> Even worst...price action went into a low volatility tight trading range WITHIN the range of that WRB Hidden GAP
[14:34:44] <+T4n> yes it did
[14:34:51] <@wrbtrader> T4n...you did battle with a BEAST
[14:35:21] <+T4n> and I dont want to lose any more to it
[14:35:39] <@wrbtrader> understandable
[14:36:22] <@wrbtrader> volatility spike
[14:37:04] <@wrbtrader> if it can close the interval lower...it'll rollover from bullish to bearish
[14:37:52] <@wrbtrader> Exited all Emini TF Long @ 780.00 --> - 1
[14:39:00] <@wrbtrader> price action back inside the range of another key WRB Hidden GAP
[14:39:37] <@wrbtrader> 1.5 price area between the two key WRB Hidden GAPs
[14:39:44] <@wrbtrader> not much breathing room in there
[14:41:06] <@wrbtrader> Shorts Emini TF @ 779.40 -> medium size
[14:41:19] <@wrbtrader> 4 contracts
[14:42:43] <@wrbtrader> price trying hard to get back up inside that price area between the prior mentioned WRB Hidden GAPs :(
[14:43:05] <+T4n> price resting on trend line
[14:43:28] <@wrbtrader> Covered all Emini TF Short @ 779.10 --> + 0.3
[14:43:34] <@wrbtrader> stalled
[14:43:58] <@wrbtrader> if it tries again...I'll chase it down
[14:44:44] <@wrbtrader> Shorts Emini TF @ 779.60 -> medium size
[14:44:48] <@wrbtrader> 4 contracts
[14:44:51] <@wrbtrader> re-entry
[14:44:55] <@wrbtrader> same price action
[14:46:00] <@wrbtrader> tight entry (very close to my stop area)
[14:47:32] <@wrbtrader> more contraction
[14:47:50] <@wrbtrader> its going to spike again...don't know which direction
[14:48:19] <@wrbtrader> expansion >>>> contraction >>>> expansion
[14:49:10] <+T4n> my sim bank account contraction>contraction>contraction :)
[14:50:06] <@wrbtrader> WRB pt1 reached (shallow)
[14:50:23] <+T4n> i'll board it on the pb after it closes
[14:50:35] <+T4n> no chase
[14:51:14] <@wrbtrader> Covered all Emini TF Short @ 778.90 --> + 0.7
[14:52:58] <+T4n> meh, no good
[14:53:00] <@wrbtrader> Have not had a single runner today :(
[14:54:59] <@wrbtrader> Creeper Down Movement still active
[14:55:47] <@wrbtrader> Shorts Emini TF @ 778.80 -> small size
[14:55:52] <@wrbtrader> 1 contract
[14:56:21] <@wrbtrader> being careful because I'm entering next to two intervals that have LONG LOWER SHADOWS
[14:56:32] <@wrbtrader> that's why I lowered my position size
[14:57:01] <+T4n> looks tough
[14:57:33] <@wrbtrader> yeah...its trying hard to climb DOWN the range of those prior long lower shadows
[14:58:13] <@wrbtrader> Covered Emini TF Short @ 778.70 --> + 0.1
[14:59:03] <+T4n> Shorts TF @ 778.5 -> small size «« simulator »»
[14:59:05] <@wrbtrader> I guess it needed my tight trail :(
[14:59:06] <+T4n> my go
[14:59:25] <@wrbtrader> Oh yeah...lets do tag team on it :)
[15:00:01] <+T4n> i dint think it knows i'm there
[15:00:11] <@wrbtrader> it finally dropped below the range of those Long Lower Shadows
[15:01:13] <@wrbtrader> Creeper Down Movement still active
[15:01:23] <@wrbtrader> Shorts Emini TF @ 777.40 -> small size
[15:01:32] <@wrbtrader> 2 contracts
[15:01:49] <+T4n> Covered TF Short @ 777 --> + 1.5 «« simulator »»
[15:02:29] <@wrbtrader> Covered all Emini TF Short @ 777.20 --> + 0.2
[15:02:44] <@wrbtrader> it just picked pocketed another "tight trail" :(
[15:02:50] <+T4n> i wish i had something more concrete to base that off of, but I joined the vol expansion down
[15:05:29] <@wrbtrader> last several trading days it has been RANGE trading during the regular session
[15:06:12] <@wrbtrader> If it wasn't for the overnight price action that caused several days to GAP big...price action would have been in the same price area as a few days ago
[15:06:36] <@wrbtrader> Creeper Down Movement still active
[15:07:48] <@wrbtrader> Even Oil CL futures had a calm day
[15:08:14] <@wrbtrader> Yet, EuroFX 6E futures and Forex EurUsd got slapped around today (kicked to the ground)
[15:08:26] <@wrbtrader> Shorts Emini TF @ 776.90 -> small size
[15:08:35] <@wrbtrader> 1 contract
[15:08:42] <@wrbtrader> early entry
[15:09:02] <@wrbtrader> was not planned...had a trigger finger
[15:10:26] <@wrbtrader> Covered Emini TF Short @ 776.50 --> + 0.4
[15:10:39] <@wrbtrader> sidelined...
[15:10:53] <@wrbtrader> Not looking for ticks...looking for points
[15:11:15] <@wrbtrader> will wait for the next volatility spike to see if it sets up a trade opportunity
[15:11:52] <@wrbtrader> volatility spike
[15:12:24] <+T4n> nothing to board
[15:13:02] <@wrbtrader> nice volatility spike
[15:13:11] <@wrbtrader> still waiting for an entry
[15:16:29] <+T4n> shadowy action
[15:17:45] <+T4n> quite the pullback
[15:22:50] <+T4n> meh, no chase again
[15:24:56] <@wrbtrader> Shorts Emini TF @ 775.20 -> small size
[15:25:22] <@wrbtrader> 2 contracts
[15:25:47] <@wrbtrader> Creeper Down Movement still active but its fighting hard to find some LEGS to stand up on
[15:26:16] <@wrbtrader> Covered all Emini TF Short @ 775.10 --> + 0.1
[15:26:33] <@wrbtrader> another trail picked off :(
[15:26:35] <@wrbtrader> geeesh
[15:27:08] <@wrbtrader> that was a darn good entry and got only a tick
[15:28:56] <@wrbtrader> sidelined again...waiting for the next volatility spike to see if it sets up a trade opportunity
[15:39:16] <@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
[15:41:06] <@wrbtrader> volatility spike
[15:51:45] <@wrbtrader> stuck in a trading range now :(
[15:55:10] <@wrbtrader> so far the 1545pm - 1600pm est rush hour traffic is slow with cars bumper to bumper
[15:55:12] <@wrbtrader> :)
[15:56:16] <@wrbtrader> Long Emini TF @ 775.90 -> small size
[15:56:36] <@wrbtrader> 1 contract
[15:57:17] <@wrbtrader> :(
[15:57:36] <@wrbtrader> Exited Emini TF Long @ 775.90 --> 0
[15:58:26] <@wrbtrader> one of my platforms froze
[15:58:44] <@wrbtrader> Long Emini TF @ 776.20 -> small size
[15:58:50] <@wrbtrader> re-entry
[15:58:53] <@wrbtrader> same trade
[15:58:59] <@wrbtrader> 2 contracts
[16:00:23] <@wrbtrader> WRB pt1 reached
[16:02:02] <@wrbtrader> gessh
[16:06:26] <@wrbtrader> Exited all Emini TF Long @ 776.80 --> + 0.6
[16:06:43] <@wrbtrader> I had my stop at -1 point away
[16:07:18] <@wrbtrader> I tighten it to a profitable tradil @ 776.80 when it was @ 777.10
[16:07:27] <@wrbtrader> it reversed and picked pocketed me
[16:07:34] <@wrbtrader> theme of the trading day for me
[16:07:57] <@wrbtrader> I've had more "pick pockets" today than I've had all month I think :(
[16:10:48] <@wrbtrader> that last trade was an intuition trade out of the volatility contraction...
[16:11:38] <@wrbtrader> I saw the Long Lower Shadow @ 1516pm - 1518pm est interval acting as a support
[16:11:52] <@wrbtrader> but I saw it a little late after take a brief break from trading.
[16:12:24] <@wrbtrader> Had I saw it in time...would have gotten Long around 775.20 or in that price area
[16:12:38] <@wrbtrader> Take care all and see all tomorrow
[16:12:51] * wrbtrader is now known as wrbtrader_away
[17:09:17] <@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 15 19:21:21 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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