##TheStrategyLab Price Action Chat Room Logs

#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.


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


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

Session Start: Wed Jun 20 09:25:16 2012
Session Ident: #FuturesTrades
[09:25:16] * Now talking in #FuturesTrades
[09:25:16] <@X> [NihabaAshi] chat room archives @ viewforum.php?f=20
[09:25:25] <+Trendtrader> x8
[09:28:48] <@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
[09:31:45] <@wrbtrader> Good morning all
[09:32:03] <canaandog>
[09:32:56] <+Trendtrader> Exited all Emini ES Long @ 781.8 --> - 0.1
[09:33:12] <+Trendtrader> Shorts Emini ES @ 781.7
[09:33:32] <+Trendtrader> Covered all Emini ES Short @ 780.5 --> + 1.2
[09:34:15] <@wrbtrader> Shorts Emini TF @ 780.50 -> large size
[09:34:23] <@wrbtrader> 6 contracts
[09:34:37] <@wrbtrader> Creeper Down Movement still active
[09:37:23] <@wrbtrader> Covered all Emini TF Short @ 780.10 --> + 0.4
[09:37:29] <@wrbtrader> stalling too much
[09:39:24] <@wrbtrader> Shorts Emini TF @ 780.40 -> large size
[09:39:34] <@wrbtrader> re-entry into same price action
[09:39:39] <@wrbtrader> 6 contracts
[09:40:25] <@wrbtrader> Creeper Down Movement still active
[09:40:39] <+Fleneer> crude oil inventories due at 10:30 should be non-event
[09:40:54] <@wrbtrader> I hope not...
[09:41:03] <@wrbtrader> I hope it brings in some volatility
[09:41:26] <+Fleneer> FOMC statement tonight 12:30 PM so beware overnight holds
[09:41:33] <@wrbtrader> Yep
[09:42:22] <@wrbtrader> WRB pt1 reached
[09:42:56] <+Fleneer> NQ just closed the gap from overnight up move
[09:43:05] <+Fleneer> 2612.50
[09:43:13] <@wrbtrader> Covered all Emini TF Short @ 779.00 --> + 1.4
[09:45:46] <+Fleneer> +1.00 to start the day. went long 2613.00 filled 2614.00 to exit
[09:46:18] <+Fleneer> trade took 19 seconds
[09:47:36] <+Fleneer> stalling here. look like will roll over
[09:53:32] <+Fleneer> shorted 2614.00 may get burned
[10:01:56] <+Fleneer> -6.00 stopped out higher tic. nice red hole to crawl out of.
[10:03:46] <+Fleneer> stopped me out and then rolled over. now 2616.00
[10:04:00] <+Fleneer> I keep telling you folks this trading game is a high risk price action!
[10:20:32] <+Fleneer> +2.00 +1.50 on a couple quick scalps. still red net but crawling out of my hole.
[10:28:12] <+Fleneer> +1.50 quick scalp long off 2615.00 almost recovered the -6.00 calamity
[10:29:21] <+Fleneer> geet taken out by a wide stop then have market retrace is tough to take. but having an open ended trade when the market moves 20 points is worse.
[10:29:53] <+Fleneer> I can nibble my way back from a stop. Just frustrating.
[10:37:41] <@wrbtrader> Range bound price acton and trading near the Open of the day
[10:37:50] <@wrbtrader> Basically...not much happening
[10:37:59] <@wrbtrader> so far
[11:13:49] <@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
[11:47:39] <@wrbtrader> boring low volatility trading range
[12:43:49] <@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
[13:01:00] <@wrbtrader> Hope somebody is trading the Creeper Up Movement...
[13:01:26] <@wrbtrader> I just got back and hopefully another trade opportunity occurs after missing the first one.
[13:45:23] <@wrbtrader> Be back in a few minutes...doing some upgrades on the slow day
Session Close: Wed Jun 20 13:45:34 2012

Session Start: Wed Jun 20 13:45:34 2012
Session Ident: #FuturesTrades
[13:45:34] * Disconnected
Session Close: Wed Jun 20 13:45:34 2012

Session Start: Wed Jun 20 13:58:07 2012
Session Ident: #FuturesTrades
[13:58:07] * Now talking in #FuturesTrades
[13:58:07] <@X> [NihabaAshi] chat room archives @ viewforum.php?f=20
[14:09:23] <ajax> all
[14:15:22] <@wrbtrader> Hi ajax
[14:24:02] <@wrbtrader> Shorts Emini TF @ 780.70 -> small size
[14:24:21] <@wrbtrader> 3 contracts
[14:24:33] <@wrbtrader> Creeper Down Movement
[14:26:17] <@wrbtrader> Covered all Emini TF Short @ 780.50 --> + 0.2
[14:27:53] <@wrbtrader> Shorts Emini TF @ 780.80 -> small size
[14:27:59] <@wrbtrader> 2 contracts
[14:28:06] <@wrbtrader> re-entry via 1min chart
[14:28:49] <@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
[14:29:29] <@wrbtrader> geeesh
[14:29:35] <@wrbtrader> JITTERY price action
[14:29:59] <@wrbtrader> Covered all Emini TF Short @ 780.60 --> + 0.2
[14:30:03] <@wrbtrader>
[14:30:53] <@wrbtrader> Shorts Emini TF @ 781.30 -> small size
[14:31:01] <@wrbtrader> 2 contracts
[14:31:04] <@wrbtrader> re-entry
[14:31:06] <@wrbtrader> intuition
[14:31:09] <@wrbtrader> same price action
[14:31:49] <@wrbtrader> Creeper Down Movement still active via 1min chart
[14:34:47] <@wrbtrader> Covered all Emini TF Short @ 781.00 --> + 0.3
[14:35:06] <@wrbtrader> sidelined...crap mentally exhausting
[14:35:12] <@wrbtrader> will just watch for awhile
[14:37:57] <wave1> NQ L setup .
[14:41:04] <+wave1> there goes the L setup ...
[14:42:29] <+wave1> NQ 12 hold
[14:49:07] <+wave1> L 06 nq
[14:50:03] <+wave1> out 7.5
[15:03:45] <+ajax> hey, a fellow NQ trader!!...thot I was alone...
[15:04:05] <+wave1> Hi ajax...
[15:04:09] <+ajax> hey
[15:04:15] <+wave1> y Itrade Es & NQ
[15:04:20] <+ajax> groovy
[15:04:31] <+ajax> me NQ in day, ES last 20 minutes
[15:04:41] <+wave1> g8
[15:07:58] <+wave1> LL here
[15:08:36] <+ajax> ss2607.25, +1, +2 runr in
[15:09:06] <+wave1> vn
[15:10:04] <+ajax> ...run baby run....
[15:11:38] <+ajax> +4out
[15:11:49] <+wave1> wd
[15:12:12] <+ajax> thx....may go more, but take hi stat play
[15:12:35] <+ajax> es hooking up, so why got out
[15:12:45] <+ajax> es leads nq always
[15:12:51] <+wave1> y
[15:13:00] <@wrbtrader> Creeper Down Movement still active
[15:13:20] <+ajax> that's just "creepy"!!!.... )
[15:14:01] <@wrbtrader> Yeah...I'm still looking for a better title to use...
[15:14:49] <+ajax> lol.....is appropriate for the markets tho....
[15:15:03] <@wrbtrader> Still have not found anything to describe a "price decline with low volatility or within an overall market that has low volatility
[15:15:37] <@wrbtrader> Thus, for now...its just called a "Creeper" = low volatility that follows volatility spike
[15:15:44] <+ajax> how about, "lo volatility dump time".... )
[15:15:55] <@wrbtrader>
[15:16:55] <+ajax> or, this one...."lo volatility Price dump time"....hey ur original one is just fine, as what these markets do... )
[15:26:17] <+ajax> L 04.75, +1, +1.5, runr in
[15:26:59] <+ajax> +2.5out
[15:34:44] <@wrbtrader> Emini YM and TF has WRB Hidden GAP @ 1526pm - 1528pm est
[15:35:33] <@wrbtrader> still a lot of low volatility since 1446pm est...
[15:35:53] <@wrbtrader> Just waiting for the 1545pm - 1600pm est rush hour traffic
[15:43:03] <@wrbtrader> Long Emini TF @ 779.50 -> small size
[15:43:11] <@wrbtrader> Creeper Up Movement
[15:46:17] <@wrbtrader> Exited all Emini TF Long @ 779.60 --> + 0.1
[15:47:21] <@wrbtrader> Long Emini TF @ 779.80 -> small size
[15:47:54] <@wrbtrader> re-entry...still trying for a WRB target above 780.50
[15:47:59] <@wrbtrader> 2 contracts
[15:50:12] <@wrbtrader> Exited all Emini TF Long @ 780.00 --> + 0.2
[15:50:17] <@wrbtrader>
[15:50:31] <@wrbtrader> just a lot of contraction up and down
[15:52:30] <Nicolas88> Long Forex EurUsd @ 1.2121 -> small size «« testing script »»
[15:52:56] <+Nicolas88> Exited all Forex EurUsd Long @ 1.2123 --> + 0.0002 «« testing script »»
[15:58:49] <@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
[15:59:24] <@wrbtrader> Long Emini TF @ 779.80 -> small size
[15:59:36] <@wrbtrader> 2 contracts
[15:59:51] <@wrbtrader> re-entry into the Creeper Up Movement
[16:00:33] <@wrbtrader> Exited all Emini TF Long @ 781.00 --> + 1.2
[16:00:38] <@wrbtrader> WRB pt1 reached
[16:11:43] <+ajax> gotta run.....gn
[16:26:24] * wrbtrader is now known as wrbtrader_away
Session Close: Wed Jun 20 17:23:47 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:

CME Emini Futures EMD, ES and NQ

ICE Emini TF Futures (formerly CME ER2)

CBOT mini-sized Dow Futures YM

Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50

Eurex Fixed Income Derivatives (futures) BUND, BOBL and Schatz

Euronext Futures FTSE-100 and CAC-40

CME Futures EuroFX 6E and EC

Treasury Futures T-Notes ZT, ZN, ZF and T-Bonds ZB

Forex Currencies GbpUsd, EurUsd, EurYen and UsdCad

Exchange Traded Funds VXX, DIA, IWM, QQQ, SPY, BGU, FAS, FAZ, TNA, OIH, XLE and GLD

NYMEX Energy Futures Light Crude Oil CL, Brent Crude Oil BRN, e-miNY QM and Natural Gas NG

COMEX Metal Futures Gold GC, mini-Gold YG, Copper HG and Silver SI

S&P CNX NIFTY Futures

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)
@ http://twitter.com/wrbtrader or http://stocktwits.com/wrbtrader

Phone: +1 708 572-4885
Business Hours: 8am - 5pm est (Mon - Fri)
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