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 Post subject: July 12th Thursday - Futures, ETFs and Forex Currencies
 Post Posted: Thu Jul 12, 2012 9:14 pm 
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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:
071212-Key-Price-Action-Markets.png
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click on the above image to view today's price action of key markets

Session Start: Thu Jul 12 09:29:41 2012
Session Ident: #FuturesTrades
[09:29:41] * Now talking in #FuturesTrades
[09:29:41] <@X> [NihabaAshi] chat room archives @ viewforum.php?f=20
[09:30:14] <@wrbtrader> Good morning all...ding ding
[09:31:03] <Tigerman> dong dong :)
[09:31:15] <+Tigerman> Gm all
[09:31:48] <+Trendtrader> Long Emini TF @ 784 «« simulator »»
[09:31:51] <+Trendtrader> x10
[09:34:48] <+Trendtrader> Exited all Emini TF Long @ 782.4 --> - 1.6 «« simulator »»
[09:37:17] <+Tigerman> sell off this morning where they stop ?
[09:40:39] <@wrbtrader> Creeper Down Movement
[09:41:31] <+Tigerman> yep look a spot x short
[09:42:37] <@wrbtrader> Shorts Emini TF @ 779.10 -> large size
[09:42:44] <@wrbtrader> 6 contracts
[09:43:08] <+Tigerman> Shorts IWM @ 78.04
[09:43:23] <+Tigerman> Covered 1/2 IWM Short @ 77.99 --> + 0.05
[09:43:40] <+Tigerman> Covered Remainder IWM Short @ 77.99 --> + 0.05
[09:46:02] <@wrbtrader> Covered all Emini TF Short @ 779.80 --> - 0.7
[09:46:12] <@wrbtrader> ooops
[09:46:24] <@wrbtrader> Covered all Emini TF Short @ 778.80 --> + 0.3
[09:46:37] <@wrbtrader> Creeper Down Movement still active
[09:47:34] <@wrbtrader> Shorts Emini TF @ 779.70 -> large size
[09:47:41] <@wrbtrader> re-entry
[09:48:33] <@wrbtrader> 5+1
[09:51:04] <+Tigerman> Shorts IWM @ 77.93
[09:51:19] <+Tigerman> Covered all IWM Short @ 77.92 --> + 0.01
[09:51:46] <+Tigerman> poor entry loose too much time because looking at Vix
[09:52:12] <@wrbtrader> Covered all Emini TF Short @ 778.50 --> + 1.2
[09:52:21] <@wrbtrader> Yeah...I was watching the VIX too
[09:52:29] <+Tigerman> right entry was around 77.97-96
[09:52:56] <@wrbtrader> wanted to make sure it wasn't range bound on these Shorts...
[09:53:23] <@wrbtrader> I'm not a fan of taking trades (Long or Short) when the VIX is in a tight trading range
[09:53:44] <+Tigerman> yep same me also it was a re-entry inruition so I was very cautious
[09:55:34] <@wrbtrader> Emini futures (EMD, ES, NQ, TF, YM) all have a key WRB Hidden GAP @ 0939am - 0942am est
[09:56:17] <@wrbtrader> Oil CL futures still in a Creeper Down Movement but trying hard to find some legs to stand up on
[09:57:01] <@wrbtrader> EuroFX 6E futures and Forex EurUsd currency...low volatility range bound :(
[09:58:20] <@wrbtrader> Shorts Emini TF @ 779.40 -> small size
[09:58:26] <@wrbtrader> 3 contracts
[09:58:29] <@wrbtrader> re-entry
[09:58:37] <@wrbtrader> same price action
[09:58:49] <+Tigerman> Shorts IWM @ 78.02
[10:00:23] <@wrbtrader> Creeper Down Movement still active
[10:00:35] <@wrbtrader> WRB pt1 reached
[10:00:52] <@wrbtrader> Covered all Emini TF Short @ 778.10 --> + 1.3
[10:01:11] <+Tigerman> Covered all IWM Short @ 77.92 --> + 0.1
[10:07:42] <wave1> sorry guys just checking today ...computer with charts not working :9
[10:09:05] <+Tigerman> Shorts IWM @ 77.94
[10:09:10] <+Tigerman> intuition
[10:10:46] <+Tigerman> Covered all IWM Short @ 77.87 --> + 0.07
[10:39:31] <@wrbtrader> Creeper Down Movement still active
[10:43:16] <@wrbtrader> #FuturesTrades Archive Chat Logs now updated @ viewforum.php?f=106
[10:47:05] <@wrbtrader> Back to back WRB Hidden GAPs for the Emini futures between 1038am and then 1040am est -
[10:48:30] <+Tigerman> Shorts IWM @ 77.62
[10:52:30] <+Tigerman> Covered all IWM Short @ 77.68 --> - 0.06
[10:58:01] <@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
[11:02:39] <+Tigerman> up trend
[11:03:46] <+Tigerman> Long IWM @ 77.85
[11:03:47] <@wrbtrader> Creeper UP Movement
[11:04:03] <@wrbtrader> Long Emini TF @ 777.70 -> small size
[11:04:07] <@wrbtrader> 1 contract
[11:05:47] <+Tigerman> Exited all IWM Long @ 77.93 --> + 0.08
[11:07:14] <@wrbtrader> Exited Emini TF Long @ 778.10 --> + 0.4
[11:09:59] <+Fleneer> NQ off a 100 points in two days. 2625 on Tue and hit 2516.50 just a bit ago.
[11:14:26] <@wrbtrader> Anybody in here impacted (has account with) by PFGBest ???
[11:14:29] <@wrbtrader> http://www.bigmiketrading.com/brokers-d ... post240133
[11:14:48] <@wrbtrader> another MFGlobal :(
[11:14:56] <@wrbtrader> and Refco
[11:15:01] <Leopard70_> YES
[11:15:54] <@wrbtrader> oh no
[11:16:05] <@wrbtrader> Leopard...your trading account still frozen ?
[11:16:16] <+Leopard70_> I don't have an account withthem no
[11:16:28] <@wrbtrader> ok
[11:16:51] <+Leopard70_> my yes was for terrible situation all futures industries in USA
[11:17:35] <@wrbtrader> Yep...there are many more futures brokers with "MISSING" money in the millions.
[11:17:40] <+Leopard70_> bad actions of a few sho hane no regard for the rule ar regulation
[11:18:09] <@wrbtrader> Wouldn't be surprise to see a few more well known futures brokers pop in the news this year about the same thing :(
[11:18:36] <+Leopard70_> yes this is the problem for all of us
[11:18:44] <@wrbtrader> That's why we should never put all of our eggs in "one basket".
[11:19:15] <canaandog> what is wrong with these people?
[11:19:15] <@wrbtrader> Having several brokers has been a general rule
[11:19:18] <+Leopard70_> maybe is make a 10mln in one year and retired ahahah
[11:19:32] <+Tigerman> yes right as for diversification
[11:20:15] <+Tigerman> but anyway is a very bad thing what happen with those broker
[11:20:43] <+Leopard70_> yes tiger
[11:21:26] <+Tigerman> at thid point I do not know if people from MF global got their money back
[11:21:54] <+Leopard70_> 80% for now tiger maybe 95% at the end of the year
[11:21:56] <+Tigerman> not wanna think what happen if one is in a long term position with his account frozen!!!
[11:24:48] <@wrbtrader> Yeah...day trades suddenly becoming long term positions at PFGBest
[11:24:51] <@wrbtrader> oouch :(
[11:29:26] <+Tigerman> simply honesty in financial is a strange word
[11:29:50] <+Tigerman> and a one way good only for banks
[11:30:15] <+Tigerman> like home mortgage
[11:30:43] <+Tigerman> people no pay bank get your house back correct
[11:31:13] <+Tigerman> but when you lend money to bank in saving account and bank go bankrupt
[11:31:15] <@wrbtrader> Yeah...strange
[11:31:41] <+Fleneer> bank accounts FDIC insued and the Government can print money. :o)
[11:31:42] <+Tigerman> they refund only a limited amount of your saving account !!!
[11:31:57] <@wrbtrader> I know someone (not a friend) that foreclosed on two homes about 3 years ago...
[11:32:10] <+Tigerman> yep but what is limit of fidc???
[11:32:11] <@wrbtrader> Last week he bought a new house.
[11:32:28] <@wrbtrader> I'm just scratching my head with amazement about this.
[11:33:00] <+Tigerman> banks wanna gain money anytime not care about bad lending
[11:33:40] <+Tigerman> so fidc is about 100K or something back so if you have 1 million is a problem fleener
[11:35:16] <+Tigerman> like spain now banks are full of BAD credit full of house worth little
[11:35:40] <+Tigerman> but they wanna EU taxpayer pay for this :(
[11:36:06] <+Tigerman> give me back the money they give to bankers as bonuses :)
[11:36:09] <+canaandog> FDIC limit 250k
[11:37:07] <+Tigerman> yep a ridicoulus low limit
[11:37:22] <+Tigerman> in EU worst is 100K
[11:37:42] <+Tigerman> in some country long ago only 20k :)
[11:41:54] <@wrbtrader> Creeper Up Movement still active
[11:51:14] <+Tigerman> I exit take care all
[11:54:16] <+Fleneer> Tigerman if I had a million I wouldn;t toss into a Market. Then again if I had 10 million I might toss in 10% just for the fun
[11:56:25] <+Fleneer> Pardon my skepticism but I seriously doubt finding a millionaire in a public chat room dealing with trading
[11:57:55] <@wrbtrader> There's been a few :)
[11:59:37] <@wrbtrader> They just don't tell you they're a millionaire :)
[12:00:31] <@wrbtrader> Thus, you aren't going to know it (find one as you said) unless you happen by mistake to find out about someone.
[12:00:51] <+Leopard70_> great wrb
[12:05:21] <@wrbtrader> Long Emini TF @ 781.60 -> small size
[12:05:34] <@wrbtrader> 2 contracts
[12:07:05] <@wrbtrader> paid 4 ticks too much...price action now reflecting such :(
[12:07:57] <@wrbtrader> Exited all Emini TF Long @ 781.00 --> - 0.6
[12:09:07] <+Fleneer> Well, I'll tell you this... when I get to the million I'll still hang around but I won't tell anyone. hehe
[12:10:57] <@wrbtrader> Heck...depending upon your life insurance policy...you may be worth a cool million...DEAD
[12:10:58] <@wrbtrader> :)
[12:14:43] <+Fleneer> a few more years of Federal Reserve debasing the currency and we'll all be millionaires. A million bucks a tic LOL
[12:15:26] <+Fleneer> Headed out for a takeout burger. Only 438 thousand bucks please.
[12:17:06] <+Fleneer> 100 years ago when Wilson and his Wall Street banker buddies started their run, a dollar would buy you and me both a nice lunch.
[12:17:43] <+Fleneer> probably with a few pennies left over.
[12:28:01] <@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
[13:50:34] <@wrbtrader> Creeper Up Movement still active
[13:51:52] <@wrbtrader> Long Emini TF @ 785.30 -> small size
[13:52:08] <@wrbtrader> 1 contract
[13:52:54] <@wrbtrader> Long Emini TF @ 785.10 -> Add
[13:53:10] <@wrbtrader> 2 added
[13:53:36] <@wrbtrader> Exited all Emini TF Long @ 784.80 --> - 0.8
[13:58:01] <@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
[14:03:36] <@wrbtrader> Long Emini TF @ 784.10 -> small size
[14:03:41] <@wrbtrader> 3 contracts
[14:03:45] <@wrbtrader> re-entry
[14:04:24] <@wrbtrader> Exited all Emini TF Long @ 783.20 --> - 0.9
[14:04:35] <@wrbtrader> exact same roll over on the entry...strange
[14:05:24] <@wrbtrader> Shorts Emini TF @ 783.10 -> medium size
[14:05:32] <@wrbtrader> 4 contrcts
[14:06:57] <@wrbtrader> Covered all Emini TF Short @ 784.00 --> - 0.9
[14:08:12] <@wrbtrader> geeesh...
[14:08:31] <@wrbtrader> Didn't see there was a 2pm est key market event (FED Budget release)
[14:08:32] <@wrbtrader> :(
[14:10:09] <@wrbtrader> Long Emini TF @ 785.40 -> large size
[14:10:13] <@wrbtrader> 6 contracts
[14:14:50] <@wrbtrader> looks like the price action of the prior two trades were shake outs before trying to retest the 786.00 price area.
[14:15:11] <@wrbtrader> Lots of shadows now forming :(
[14:16:06] <@wrbtrader> looks like a "shallow" WRB pt1 setting up :(
[14:18:27] <@wrbtrader> Exited all Emini TF Long @ 785.50 --> + 0.1
[14:18:54] <@wrbtrader> 5 ticks away...first trail adjustment...instantly taken :(
[14:20:28] <@wrbtrader> Long Emini TF @ 785.30 -> large size
[14:20:35] <@wrbtrader> 6 contracts
[14:20:38] <@wrbtrader> re-entry
[14:20:46] <@wrbtrader> pushing the same trade
[14:23:17] <@wrbtrader> tough
[14:25:40] <@wrbtrader> WRB pt1 reached
[14:25:52] <@wrbtrader> so far not worth the effort
[14:29:09] <@wrbtrader> Exited all Emini TF Long @ 786.30 --> + 1
[14:29:28] <@wrbtrader> 2 ticks away from a WRB pt2
[14:29:51] <@wrbtrader> now got to think about a re-entry ABOVE the recent long shadows
[14:30:22] <@wrbtrader> Long Emini TF @ 786.30 -> medium size
[14:30:36] <@wrbtrader> 1 tick above...lets see it it holds up
[14:30:48] <@wrbtrader> re-entry
[14:30:54] <@wrbtrader> chasing the same price action
[14:31:21] <@wrbtrader> 4 contracts
[14:32:49] <@wrbtrader> choppy now
[14:33:23] <@wrbtrader> retesting the recent long upper shadows
[14:38:09] <@wrbtrader> smells like a low volatility trading range...
[14:38:15] <@wrbtrader> but doesn't look like one
[14:38:57] <@wrbtrader> another long shadow just formed on the price drop and then sudden spike back upwards
[14:39:42] <@wrbtrader> shallow WRB pt1 just appeared
[14:42:09] <@wrbtrader> expecting a volatility spike soon
[14:42:19] <@wrbtrader> hopefully it doesn't take prices suddenly down
[14:42:30] <@wrbtrader> Exited all Emini TF Long @ 786.60 --> + 0.3
[14:42:42] <@wrbtrader> just did and pick pocketed my trail :(
[14:43:35] <@wrbtrader> can only watch now until the next WRB Hidden GAP
[15:10:29] <@wrbtrader> volatility spike
[15:21:52] <@wrbtrader> geeesh...price action still bouncing around
[15:22:43] <ajax> no 3:00 programs triggered, so means vol & theur internal trgts not reached....so will chop till 3:20 programs time
[15:25:02] <@wrbtrader> Gold GC futures also in a volatility spike higher
[15:28:02] <@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
[15:30:54] <+ajax> well, that was the 3:20 programs, not much but rt on time...
[15:36:21] <@wrbtrader> Long Emini TF @ 788.70 -> small size
[15:36:30] <@wrbtrader> 2 contracts
[15:36:56] <@wrbtrader> trade error...will hold
[15:38:10] <@wrbtrader> trying to hold this into the 3:45pm - 4:00pm est rush hour traffic
[15:39:53] <@wrbtrader> :(
[15:41:12] <@wrbtrader> WRB pt1 reached
[15:44:40] <@wrbtrader> Exited all Emini TF Long @ 788.90 --> + 0.2
[15:58:44] <@wrbtrader> Creeper Down Movement in Emini YM futures
[15:59:30] <@wrbtrader> Shorts Emini TF @ 787.20 -> small size
[15:59:48] <@wrbtrader> 2 contracts
[16:03:49] <@wrbtrader> Covered all Emini TF Short @ 785.80 --> + 1.4
[16:03:52] <@wrbtrader> WRB pt1 reached
[16:04:12] <@wrbtrader> Take care all and see all tomorrow
[16:04:41] <@wrbtrader> I wanted to be aggressive today...made a few mistakes but came out ahead for the day.
[16:14:21] <+ajax> groovy....cya
[16:14:55] <+ajax> gn all
[16:58:02] <@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 Jul 12 19:45:15 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
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