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 Post subject: June 25th Monday - Futures, ETFs and Forex Currencies
 Post Posted: Mon Jun 25, 2012 4:25 pm 
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Trader / Forum Admin

Joined: Tue Dec 16, 2008 1:02 am
Posts: 3326
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:
062512-Key-Price-Action-Markets.png
062512-Key-Price-Action-Markets.png [ 532.96 KiB | Viewed 212 times ]

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

Session Start: Mon Jun 25 09:23:07 2012
Session Ident: #FuturesTrades
[09:23:07] * Now talking in #FuturesTrades
[09:23:07] <@X> [NihabaAshi] chat room archives @ viewforum.php?f=20
[09:29:08] <+Trendtrader> gm all
[09:29:14] <@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
[09:31:37] <+Trendtrader> Shorts Emini ES @ 758.2
[09:31:52] <+Trendtrader> Covered 1/2 Emini ES Short @ 757.2 --> + 1
[09:32:53] <@wrbtrader> Good morning all
[09:33:03] <Kauai35> gm
[09:33:39] <@wrbtrader> Creeper Down Movement still active
[09:34:14] <@wrbtrader> Remainder key market events (KME) today @ 1000am est
[09:34:15] <+Trendtrader> Covered Remainder Emini ES Short @ 757.2 --> + 1
[09:40:47] <+Fleneer> "institutional traders" on the move
[09:42:37] <@wrbtrader> Shorts Emini TF @ 756.60 -> large size
[09:42:47] <@wrbtrader> 6 contracts
[09:43:38] <@wrbtrader> Covered all Emini TF Short @ 757.10 --> - 0.5
[09:57:39] <@wrbtrader> Long Emini TF @ 759.50 -> large size
[09:58:35] <@wrbtrader> in early on a chart time frame error
[10:00:23] <@wrbtrader> Exited all Emini TF Long @ 760.80 --> + 1.3
[10:01:43] <@wrbtrader> Creeper Up Movement
[10:07:53] <@wrbtrader> Creeper Up Movement still active
[10:14:25] <@wrbtrader> could be one of those days again where it was better to go see a movie, practice favorite sporting event or read a long book :)
[10:14:51] <@wrbtrader> price action just not showing good lasting volatility like last Thursday
[10:22:06] <@wrbtrader> Shorts Emini TF @ 757.50 -> small size
[10:22:16] <@wrbtrader> 3 contracts
[10:22:27] <@wrbtrader> Creeper Down Movement still active 1min chart
[10:22:56] <+Fleneer> scalpped myself to a green morning. Mayvbr=e enough to recover my red week last week. have to check on tthat.
[10:23:10] <+Fleneer> where's the bottom this morning?
[10:24:14] <@wrbtrader> Covered all Emini TF Short @ 757.30 --> + 0.2
[10:27:47] <@wrbtrader> Creeper Down Movement still active
[10:29:23] <@wrbtrader> Shorts Emini TF @ 756.90 -> small size
[10:29:41] <@wrbtrader> 2 contracts
[10:31:12] <@wrbtrader> Covered all Emini TF Short @ 757.60 --> - 0.7
[10:40:51] <@wrbtrader> Shorts Emini TF @ 757.00 -> small size
[10:41:06] <@wrbtrader> 2 contracts with more volatility contraction
[10:42:12] <+Fleneer> NQ trading sideways at the LOD 2531.50
[10:42:17] <@wrbtrader> Covered all Emini TF Short @ 756.70 --> + 0.3
[10:42:45] <@wrbtrader> early exit because entry was a trade error
[10:42:53] <@wrbtrader> saw something that wasn't there
[10:44:18] <+Fleneer> NQ off 50 points from the 2582 high on Friday near the closing bell.
[10:44:44] <+Fleneer> making new LOD 2531.50
[10:51:30] <@wrbtrader> So far...volatility is getting smaller and smaller...
[10:51:55] <@wrbtrader> Will now drop my position size down to 1 contract only until volatility shows up
[10:59:14] <@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
[11:09:36] <+Kauai35> this is my first day here. are questions asked here or is that reserved for the other room
[11:10:18] <@wrbtrader> Questions are asked here unless YOU"RE in the other room
[11:10:20] <@wrbtrader> :)
[11:11:25] <+Kauai35> do you look for gaps on multiple time frames? (maybe I haven't gotten that far in ch 1-3)
[11:12:53] <@wrbtrader> If you're asking do i use Multi time frames to decide on a specific trade...
[11:12:56] <@wrbtrader> No
[11:13:19] <@wrbtrader> If you're asking do I use multiple time frames to look for a trade...
[11:13:20] <@wrbtrader> Yes
[11:13:39] <@wrbtrader> I have on my charts 2min, 3min, 5min, 15min and 60min charts
[11:13:58] <@wrbtrader> 1min in high volatility or when I'm expecting high volatility
[11:14:14] <@wrbtrader> I don't care which specific time frame produces a trade signal
[11:14:29] <+Kauai35> thank you
[11:14:33] <@wrbtrader> Thus, I only need one time frame for a signal...not multiple time frames for one signal
[11:29:04] <@wrbtrader> extremely low volatility with tight trading range
[11:29:27] <@wrbtrader> = no trade opportunities
[11:29:54] <@wrbtrader> hopefully there's an unexpected "key market event" to shake things up
[11:32:08] <+Kauai35> is there only 1 zone per time frame right now?
[11:36:41] <futs9> Interesting-using only minute charts
[11:53:41] <@wrbtrader> Usually there are several open Zones per time frame
[12:44:15] <@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
[13:18:37] <@wrbtrader> Just got back...
[13:19:09] <@wrbtrader> not much happening it seems
[13:24:02] <@wrbtrader> Emini TF WRB Hidden GAP @ 1320pm - 1322pm est
[13:28:04] <+Kauai35> thank you for today and see you tomorrow
[13:39:09] <santoshdts> Hi.. Newcommer here!
[13:49:55] <@wrbtrader> Welcome santos
[13:50:23] <@wrbtrader> Slow day due to the low volatility tight trading range
[14:14:22] <+Fleneer> summertime gets slow
[14:15:45] <+Fleneer> lots opf folks on vacation any given week. And Mondays anbd Fridays particularly slow.
[14:17:01] <@wrbtrader> It's a big holiday here
[14:29:16] <@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
[14:31:26] <+Fleneer> where's the holiday?
[15:20:38] <@wrbtrader> Shorts Emini TF @ 757.80 -> small size
[15:22:10] <@wrbtrader> Covered all Emini TF Short @ 757.80 --> 0
[15:22:17] <@wrbtrader> 1 contract
[15:24:06] <@wrbtrader> Long Emini TF @ 758.00 -> small size
[15:24:12] <@wrbtrader> 3 contracts
[15:24:16] <@wrbtrader> volatility increasing
[15:25:09] <@wrbtrader> WRB pt1 reached
[15:25:30] <@wrbtrader> Exited all Emini TF Long @ 759.30 --> + 1.3
[15:33:27] <@wrbtrader> that volatility didn't last long :(
[15:39:43] <@wrbtrader> Long Emini TF @ 759.20 -> small size
[15:39:51] <@wrbtrader> 1 contract
[15:41:07] <@wrbtrader> Exited Emini TF Long @ 759.30 --> + 0.1
[15:41:15] <@wrbtrader> ugly snap back
[15:42:21] <@wrbtrader> Long Emini TF @ 759.20 -> small size
[15:42:29] <@wrbtrader> 2 contracts
[15:42:35] <@wrbtrader> re-entry
[15:44:07] <@wrbtrader> Exited all Emini TF Long @ 758.80 --> - 0.4
[15:46:23] <@wrbtrader> Long Emini TF @ 759.10 -> small size
[15:46:34] <@wrbtrader> 3 contracts
[15:46:39] <@wrbtrader> re-entry
[15:49:59] <@wrbtrader> :(
[15:51:07] <@wrbtrader> Exited all Emini TF Long @ 759.40 --> + 0.3
[15:51:56] <@wrbtrader> no support from the other key markets :(
[15:56:55] <@wrbtrader> price action still fighting hard to get out of the range of the WRB Hidden GAP @ 1524pm - 1526pm est
[15:57:48] <@wrbtrader> Emini EMD, ES, TF, YM and while NQ pushed hard below it
[15:59:16] <@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
[16:17:14] <@wrbtrader> A tough trading day if we had tried to be aggressive in this type of price action
[16:17:40] <@wrbtrader> The initial low volatitility tight trading range was a big clue to be very conservative today.
[16:18:55] <@wrbtrader> Also, I was monitoring the VIX and VXX today...VXX was also in a low volatility tight trading range
[16:19:20] <@wrbtrader> Take care all and hopefully tomorrow has good volatility.
[16:19:28] * wrbtrader is now known as wrbtrader_away
[16:28:11] * Nicolas88 is now known as Nicolas88_away

-------------------------

#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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