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 Post subject: June 5th Tuesday - Futures, ETFs and Forex Currencies
 Post Posted: Tue Jun 05, 2012 7:08 pm 
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Joined: Tue Dec 16, 2008 1:02 am
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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:
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click on the above image to view today's price action of key markets

Session Start: Tue Jun 05 09:31:09 2012
Session Ident: #FuturesTrades
[09:31:09] * Now talking in #FuturesTrades
[09:31:09] <@X> [NihabaAshi] chat room archives @ viewforum.php?f=20
[09:36:29] <Trendtrader> gm all
[09:36:47] <Tigerman> gm all
[09:37:06] <+Trendtrader> no trades for me today - data issues.
[09:38:39] <@wrbtrader> I had some extensive data issues too last week.
[09:39:20] <@wrbtrader> Decided to DELETE my software programs because they've gone through many upgrades the past few years...
[09:40:10] <@wrbtrader> Then I reinstalled them as the first time (most recent version)
[09:40:16] <@wrbtrader> No more data problems.
[09:40:36] <@wrbtrader> I now think when there's so many upgrades...a fresh installation is needed.
[09:40:58] <@wrbtrader> gets rid of the "old junk" that lingers from the older versions
[09:42:03] <@wrbtrader> Long Emini TF @ 734.90 -> medium size
[09:42:18] <@wrbtrader> 4 contracts
[09:42:28] <@wrbtrader> Creeper Up Movement still active
[09:43:27] <@wrbtrader> tighten stop loss
[09:43:55] <+Tigerman> Long IWM @ 73.65
[09:43:56] <@wrbtrader> Exited all Emini TF Long @ 735.30 --> + 0.4
[09:44:35] <@wrbtrader> Shorts Emini TF @ 734.70 -> medium size
[09:44:42] <@wrbtrader> intuition
[09:45:35] <@wrbtrader> Covered all Emini TF Short @ 736.30 --> - 1.6
[09:46:24] <+Tigerman> Long IWM @ 73.72
[09:46:28] <@wrbtrader> Creeper Up Movement still active
[09:46:54] <@wrbtrader> via 3min interval
[09:47:23] <+Tigerman> Exited all IWM Long @ 73.76 --> + 0.04
[09:47:40] <@wrbtrader> Long Emini TF @ 736.80 -> large size
[09:48:13] <@wrbtrader> will be a tough trade if it retraces fast because its NEAR a resistance area
[09:49:37] <@wrbtrader> pending 10am est key market event around the corner
[09:52:20] <+Tigerman> Shorts IWM @ 73.78
[09:53:25] <+Tigerman> Covered all IWM Short @ 73.75 --> + 0.03
[09:54:52] <@wrbtrader> looks like I'm now in a trade that's going to be "heavily" impacted by the pending key market event (good or bad)
[09:55:16] <@wrbtrader> Creeper Up Movement still active
[09:55:41] <+Tigerman> yep if rise more I entry
[09:55:56] <@wrbtrader> tighten ship
[09:56:43] <@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
[09:57:22] <@wrbtrader> Exited all Emini TF Long @ 737.50 --> + 0.7
[09:57:27] <@wrbtrader> WRB pt1 reached
[09:57:45] <@wrbtrader> that contraction made it a "shallow" WRB pt1
[09:58:17] <@wrbtrader> Long Emini TF @ 737.70 -> large size
[09:58:20] <@wrbtrader> 3+3
[09:58:28] <+Tigerman> Long IWM @ 73.83
[09:58:31] <@wrbtrader> re-entry intuition
[09:58:45] <@wrbtrader> was looking for a WRB pt2 on the prior trade and didn't get it
[09:58:47] <+Tigerman> Exited all IWM Long @ 73.88 --> + 0.05
[10:00:23] <@wrbtrader> WRB pt2 reached
[10:01:02] <+Tigerman> very good wrbtradr you got the news at your advantage
[10:01:10] <@wrbtrader> Reminder about the end of day discussion yesterday...
[10:01:20] <+Tigerman> I exit too early :(
[10:01:22] <@wrbtrader> I'm expecting a big TREND DAY this week
[10:01:39] <@wrbtrader> it's the only reason why I'm pushing some size this morning so far
[10:03:00] <@wrbtrader> Exited all Emini TF Long @ 741.80 --> + 4.1
[10:05:59] <@wrbtrader> Creeper Up Movement still active
[10:08:20] <@wrbtrader> Long Emini TF @ 742.70 -> medium size
[10:08:33] <@wrbtrader> 4 contracts
[10:10:12] <@wrbtrader> WRB Hidden GAP has its R area @ 741.60
[10:11:04] <@wrbtrader> Exited all Emini TF Long @ 741.70 --> - 1
[10:11:53] <@wrbtrader> lets see if the R area can hold and push price back upwards
[10:12:02] <@wrbtrader> if it does...will look for a re-entry
[10:13:14] <@wrbtrader> Long Emini TF @ 742.20 -> medium size
[10:13:22] <@wrbtrader> 4 contracts
[10:13:24] <@wrbtrader> re-entry
[10:15:24] <+Tigerman> Long IWM @ 74.36
[10:15:39] <+Tigerman> Exited all IWM Long @ 74.40 --> + 0.04
[10:18:28] <@wrbtrader> Exited all Emini TF Long @ 742.30 --> + 0.1
[10:18:44] <@wrbtrader> almost had a target
[10:52:05] <+Tigerman> Shorts IWM @ 73.97
[10:53:36] <+Tigerman> Covered all IWM Short @ 74.04 --> - 0.07
[10:56:05] <T4n_paper> Shorts TF @ 739.1 -> small size «« simulator »»
[10:58:32] <+T4n_paper> Covered TF Short @ 738.1 --> + 1 «« simulator »»
[11:26:37] <canaandog> charts now looking like everything from 7:00 to 8:05 was an aberration, smooth curve if one skips that part...
[11:41:44] <@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
[12:40:24] <Tigerman3> isp issue
[13:11:44] <@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
[13:21:52] <@wrbtrader> Emini Futures still locked in the range of that WRB Hidden GAP @ 1000am - 1003am est
[13:26:45] <+canaandog> it's interesting how on different days different timescales sometimes make more "sense"
[13:26:56] <@wrbtrader> Day started out well...started looking like a TREND DAY until 1025am est...
[13:27:45] <@wrbtrader> After that...it just moved up and down within the price range of that WRB Hidden GAP I mentioned about 6 minutes ago
[13:31:51] <+T4n_paper> Shorts TF @ 740.6 -> small size «« simulator »»
[13:33:09] <+T4n_paper> Covered TF Short @ 741.4 --> - 0.8 «« simulator »»
[13:41:12] <@wrbtrader> range got tighter
[13:41:42] <@wrbtrader> dramatically reducing the number of trade opportunities...
[13:41:51] <@wrbtrader> For me its dropped to ZERO :)
[13:43:45] <@wrbtrader> If the current price action can push higher and then do a volatility spike upwards...it will setup several trade opportunities on the increasing volatility
[13:45:44] <+canaandog> looking like it might
[14:01:01] <@wrbtrader> Creeper Up Movement...lets see if it will now setup some trade opportunities
[14:09:48] <@wrbtrader> missed it via the RUI index
[14:09:55] <@wrbtrader> had some distractions :(
[14:19:26] <@wrbtrader> Long Emini TF @ 744.50 -> small size
[14:19:31] <@wrbtrader> 2 contracts
[14:20:31] <+canaandog> I've learned a lot here last few days but is also distraction
[14:20:57] <@wrbtrader> what's a distraction ?
[14:21:14] <+canaandog> IRC
[14:21:19] <@wrbtrader> do what I do...
[14:21:50] <@wrbtrader> I keep my IRC window minimized (not visable) unless I want to post a commentary or I get beeps on key words
[14:22:01] <@wrbtrader> Thus, most of the time I don't see IRC on my screen
[14:22:34] <@wrbtrader> I post my trades through a secondary window that only thing I see are my commentary only
[14:22:57] <@wrbtrader> thats why I say if someone has a question for me...
[14:23:04] <+canaandog> nice setup
[14:23:31] <@wrbtrader> They need to type "wrbtrader" or else I won't know they are talking to me unless that question occurs while I'm chatting in the IRC window
[14:23:43] <+canaandog> Trillian doesn't seem to give me that much flexibility
[14:23:55] <+canaandog> good to know
[14:24:04] <@wrbtrader> Ahhh...agree
[14:24:19] <+canaandog> you are using mIRC?
[14:24:59] <+T4n_paper> Long TF @ 744.7 -> small size «« simulator »»
[14:30:02] <@wrbtrader> low volatility with tight trading range...
[14:30:15] <@wrbtrader> I'm now expecting a volatility spike (up or down) here soon.
[14:30:23] <+T4n_paper> Exited TF Long @ 744.1 --> - 0.6 «« simulator »»
[14:30:27] <@wrbtrader> tightening stop loss
[14:31:47] <@wrbtrader> Exited all Emini TF Long @ 744.10 --> - 0.4
[14:32:37] <@wrbtrader> canaandog...yes
[14:32:50] <+canaandog> thought so, thanks
[14:32:57] <@wrbtrader> I can set alert words that makes a beeping sound in IRC...
[14:33:18] <+canaandog> seems it may be worth the upgrade
[14:34:00] <@wrbtrader> words like wrbtrader, WRB HG, WRB Hidden GAP, WRB Zone, News, wrbtrader et cetera
[14:34:27] <@wrbtrader> When my IRC window is minimized (not in view)...it will make a beeping sound if those words are typed by someone.
[14:34:55] <@wrbtrader> Thus, I keep my window minimized (can't see) it unless I want to talk to someone.
[14:35:03] <+T4n_paper> Long TF @ 744.6 -> small size «« simulator »»
[14:35:28] <@wrbtrader> Simply, its very common for me not to see trades posted by others in here unless I happen to have the IRC window open like "now"
[14:36:42] <@wrbtrader> last thing I want to see is trades by others that are in contrast of my trades
[14:36:50] <+canaandog> I've tended to pay attention to it so I can learn; at some point balance will tip so distraction > learning
[14:37:00] <+canaandog> LOL
[14:37:13] <+canaandog> heard that
[14:37:51] <+canaandog> that exact situation kept me out of one yesterday
[14:38:35] <+T4n_paper> Exited TF Long @ 743.9 --> - 0.7 «« simulator »»
[14:39:01] <+canaandog> well, my whole setup is far from ideal, but time to correct is after I've made proof of concept
[14:41:45] <@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
[14:57:13] <Tigerman> test
[15:19:33] <kr9700> Hi
[15:25:01] <@wrbtrader> Hi kr
[15:25:21] <@wrbtrader> 3:45pm - 4:00pm est rush hour traffic around the corner
[15:25:44] <@wrbtrader> yesterday the market took off early before that price action duration time
[15:26:01] <@wrbtrader> not a normal thing to see
[15:28:26] <+kr9700> Hi wrbtrader, what do you trade?
[15:28:26] <@wrbtrader> Shorts Emini TF @ 744.10 -> small size
[15:28:37] <@wrbtrader> 3 contracts
[15:34:18] <@wrbtrader> more volatility contraction
[15:34:27] <@wrbtrader> setting up for a possible volatility spike :(
[15:35:37] <@wrbtrader> volatility spike that quickly retraced...strange price action
[15:36:23] <@wrbtrader> Covered all Emini TF Short @ 744.50 --> - 0.4
[15:36:33] <+T4n_paper> Long TF @ 744.3 -> small size «« simulator »»
[15:36:50] <+T4n_paper> Long TF @ 744.5 -> small size «« simulator »»
[15:36:53] <+T4n_paper> corrected
[15:38:21] <@wrbtrader> Other key markets starting to support this movement back upwards (e.g. Oil CL futures)
[15:43:03] <+T4n_paper> Exited TF Long @ 744.7 --> + 0.2 «« simulator »»
[15:49:21] <+T4n_paper> maybe one more try,
[15:49:26] <+T4n_paper> will probably pay the price
[15:49:58] <+T4n_paper> Long TF @ 744.6 -> small size «« simulator »»
[15:50:51] <@wrbtrader> stuck in an ugly low volatility tight trading range
[15:53:28] <+T4n_paper> Exited TF Long @ 744.8 --> + 0.2 «« simulator »»
[15:54:54] <+canaandog> can't say I'm inspired to take a large position
[15:55:18] <@wrbtrader> at the moment...i'm not inspired to take a small position :)
[15:57:58] <+kr9700> Short TF @ 744.90 -> 4 contracts
[15:59:02] <@wrbtrader> Long Emini TF @ 744.90 -> small size
[15:59:08] <@wrbtrader> 3 contracts
[15:59:17] <@wrbtrader> tight stop
[16:00:06] <@wrbtrader> it tried but couldn't pop
[16:00:20] <+kr9700> covered 743.90 +1
[16:00:41] <@wrbtrader> more chop
[16:01:50] <@wrbtrader> Exited all Emini TF Long @ 744.40 --> - 0.5
[16:02:15] <+canaandog> blah. last 2 hrs waste of time.
[16:02:39] <@wrbtrader> Yeah...we're going to see more of this in the summer trading months
[16:03:21] <@wrbtrader> That's why I tend to push it hard in the morning and do less and less trading in the late afternoon trading session duering the summer
[16:03:59] <@wrbtrader> Too many nice days outside all day :)
[16:04:45] <+canaandog> It might be quite an exciting summer, given that the Republicans will probably crash the US economy again.
[16:05:40] <@wrbtrader> Well...statistically (a well known market tendency) that U.S. Presidential elections causes a TON of volatility in the markets...
[16:05:47] <@wrbtrader> Lots of trade opportunities
[16:06:04] <+canaandog> we'll see...
[16:06:07] <+Tigerman> yep usually a couple of months before
[16:06:28] <@wrbtrader> Thus, I'm expecting things to heat up fast starting at the end of the summer
[16:06:33] <+Tigerman> so from september right wrbtrader?
[16:07:02] <@wrbtrader> Yep...I'll be looking for some swing trades too
[16:07:47] <+kr9700> Thinking of buying FaceBook if it goes down to 20 for my kids portfolio, what do you think?
[16:07:53] <+Tigerman> so we enjoy the hot summer go swimming and less trading
[16:08:10] <+Tigerman> and after recharge ourslf ready to the hot fall
[16:08:16] <@wrbtrader> That's the plan
[16:08:23] <@wrbtrader> Hopefully we won't miss too much
[16:08:35] <+Tigerman> good I hope they do something for euro currency
[16:09:12] <+Tigerman> simply a big issue for euro citizen like me
[16:09:48] <+Tigerman> more voices for a euro breakout
[16:10:41] <+Tigerman> anyway enjoy the evening wrbtrader and all
[16:10:53] <+Tigerman> take care all see tomorrow
[16:11:04] <@wrbtrader> Take care all...I'm outta here too
[16:11:18] <@wrbtrader> see all tomorrow and I'm still expecting that BIG TREND DAY this week
[16:11:19] <+canaandog> g'night
[16:11:45] <@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 Jun 05 19:45:13 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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