Login    Forum    Search    FAQ



Post new topic Reply to topic Bookmark and Share  [ 1 post ] 
Author Message
 Post subject: November 30th Monday - Futures, ETFs and Forex Currencies
 Post Posted: Tue Dec 01, 2009 5:43 am 
Offline
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 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 methods and different perspective of the markets as long as they do not violate our Terms of Use (TOU) Policy.

Thanks for reading the trade and market commentary log.

Posted by M.A. Perry
Trader and Founder of WRB Analysis (wide range body analysis)

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

Image

Session Start: Mon Nov 30 09:22:16 2009
Session Ident: #futurestrades
[09:22] * Now talking in #futurestrades
[09:22] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:24] <@wrbtrader> I have a bearish bias out of the gate.
[09:25] <@wrbtrader> Thus, I'm going to be heavy on my shorts and light on my longs.
[09:25] <Nesi> hello all
[09:25] <@wrbtrader> Also, will try to let profitable short positions run longer beyond their initial profit target while exiting long positions at profit target.
[09:26] <@wrbtrader> That's how I use my "BIAS" to help with position size management instead of signaling a trade signal.
[09:29] <drt> gm everyone, good trading.
[09:29] <+Nesi> 9:00 NAPM NY Report on Business
[09:30] <+Nesi> 9:45 Chicago PMI
[09:30] <+Nesi> 10:30 Dallas Fed Manufacturing Outlook
[09:30] <+Nesi> 12:00 PM Chicago Fed's Midwest Mfg. Index
[09:30] <jbuch> morning everyone
[09:31] <@wrbtrader> Shorts ES @ 1090.00 -> large size
[09:31] <@wrbtrader> 9 only
[09:31] <+Nesi> Shorts ES @ 1089.50
[09:31] <+Nesi> 1
[09:33] <+Nesi> Covered all ES Short @ 1088.25 --> + 1.25
[09:33] <@wrbtrader> at profit target of 1088
[09:36] <@wrbtrader> Covered all ES Short @ 1089.50 --> + 0.5
[09:36] <@wrbtrader> There's a 0945am est Chicago PMI
[09:36] <@wrbtrader> forgot about that one :(
[09:37] <+Nesi> Shorts ES @ 1089.25
[09:37] <@wrbtrader> Shorts ES @ 1089.50 -> large size
[09:38] <@wrbtrader> 9 only
[09:39] <@wrbtrader> Covered all ES Short @ 1089.50 --> 0
[09:41] <@wrbtrader> Shorts ES @ 1088.75 -> large size
[09:41] <@wrbtrader> 9 only
[09:41] <+Nesi> Covered 1/2 ES Short @ 1087.00 --> + 2.25
[09:42] <+Nesi> Covered all ES Short @ 1089.25 --> 0
[09:42] <@wrbtrader> Covered all ES Short @ 1089.75 --> - 1
[09:42] <+Nesi> Business Barometer Index - Level 54.2 53.0 50.8 to 55.5
[09:43] <@wrbtrader> Shorts ES @ 1091.25 -> large size
[09:43] <@wrbtrader> 9 only
[09:43] <+Nesi> Shorts ES @ 1090.25
[09:43] <+Nesi> 1
[09:43] <@wrbtrader> Covered all ES Short @ 1091.25 --> 0
[09:44] <+Nesi> Covered all ES Short @ 1092.25 --> - 2
[09:44] <@wrbtrader> Long ES @ 1092.50 -> small size
[09:45] <@wrbtrader> 3 only
[09:45] <@wrbtrader> Exited all ES Long @ 1091.00 --> - 1.5
[09:45] <+Nesi> Shorts ES @ 1090.75
[09:45] <TraderG> HEE HAA. The market got its dose of crack
[09:45] <+Nesi> latepost
[09:45] <@wrbtrader> :)
[09:46] <@wrbtrader> Shorts ES @ 1091.00 -> large size
[09:46] <@wrbtrader> 9 only
[09:46] <@wrbtrader> A lot of volatility but still a tight trading range
[09:47] <@wrbtrader> :(
[09:47] <+Nesi> Shorts ES @ 1090.25 -> Add
[09:47] <+Nesi> 1
[09:49] <@wrbtrader> Covered all ES Short @ 1090.75 --> + 0.25
[09:49] <@wrbtrader> Shorts ES @ 1091.00 -> large size
[09:49] <@wrbtrader> 9 only
[09:50] <@wrbtrader> still ranging near the Open price
[09:50] <+Nesi> tomorrow we have ISM Mfg Index and Construction Spending, Motor Vehicle Sales, ICSC Goldman Store Sales, Redbook, Pending Home Sales
[09:51] <+Nesi> dollar attacking 75
[09:51] <@wrbtrader> Covered all ES Short @ 1090.50 --> + 0.5
[09:51] <@wrbtrader> geeesh...stops are getting picked very easily
[09:51] <+Nesi> Factory Slump Puts China on Verge of 'Recession' - BusinessWeek
[09:52] <@wrbtrader> Shorts ES @ 1090.50 -> large size
[09:52] <@wrbtrader> Shorts getting closer and closer to my original short position price
[09:52] <+jbuch> Long ES @ 1089.75
[09:53] <@wrbtrader> Still lots ovolatility with tight trading range
[09:53] <@wrbtrader> Covered all ES Short @ 1089.50 --> + 1
[09:54] <+jbuch> Exited all ES Long @ 1088.5 --> - 1.25
[09:54] <+jbuch> Long ES @ 1089.25
[09:55] <@wrbtrader> Long ES @ 1090.50 -> small size
[09:55] <@wrbtrader> 3 only
[09:57] <@wrbtrader> We all know what really happened with Tiger Woods...wife made a nice turkey dinner...he showed up late around 2am est in the morning and she beat him with one of his golf clubs...she then calmed down and they agreed to smash the car to make it look like his facial injuries occurred in the crash :)
[09:58] <+Nesi> he is human!!!
[09:58] <@wrbtrader> Yep...her too and she obviously has a good golf swing :)
[09:59] <@wrbtrader> Exited all ES Long @ 1090.75 --> + 0.25
[09:59] <@wrbtrader> The tight trading range with chop won't let any trades RUN.
[09:59] <@wrbtrader> :(
[09:59] <+jbuch> Exited 3/4 ES Long @ 1091.25 --> + 2
[10:00] <@wrbtrader> Long ES @ 1091.50 -> medium size
[10:00] <@wrbtrader> 4 only
[10:01] * codehead_afk is now known as codehead
[10:01] <@wrbtrader> trailing stop trigger again...lets see if this trade can run without my trail getting picked off.
[10:02] <@wrbtrader> Exited all ES Long @ 1090.00 --> - 1.5
[10:02] <@wrbtrader> ooops
[10:02] <@wrbtrader> Exited all ES Long @ 1092.00 --> + 0.5
[10:03] <+jbuch> Exited Remainder ES Long @ 1092 --> + 2.75
[10:03] <@wrbtrader> All my exits today except for 2 trades were via trails being hit :(
[10:03] <+Nesi> vn
[10:03] <+jbuch> brutal morning so far
[10:05] <@wrbtrader> Long ES @ 1092.50 -> medium size
[10:05] <@wrbtrader> 4 only
[10:05] <@wrbtrader> intution
[10:05] <@wrbtrader> still trying to hold a long position
[10:06] <@wrbtrader> Above 1093 I won't try anymore for awhile with the Longs
[10:07] <@wrbtrader> Exited all ES Long @ 1094.00 --> + 1.5
[10:07] <@wrbtrader> sidelines...will just watch for awhile.
[10:08] <@wrbtrader> $ES_F - WRB Analysis has Emini ES now within a prior key change in supply/demand 1096.00 - 1093.50
[10:08] <+Nesi> Shorts ES @ 1093.75 -> Add
[10:08] <+Nesi> 1
[10:10] <+jbuch> Long ES @ 1094.25
[10:15] <+jbuch> Long ES @ 1093.25 -> Add
[10:16] <@X> #FuturesTrades Info -> You must read #FuturesTrades purpose and benefits @ viewtopic.php?f=5&t=36 and TOU policy @ viewtopic.php?f=2&t=55 to prevent any misunderstandings.
[10:16] <codehead> short 1094.50 ES <[a[er> stop 1095.75
[10:19] <+jbuch> Exited all ES Long @ 1094.5 --> + 1.5
[10:20] <mo2t> YM/WS divergency
[10:20] <+mo2t> sorry YM/ES
[10:21] <+codehead> exit half ES +.50 <paper> stop 1095.25 remainder
[10:22] <+codehead> exit reminder ES +1.00 <paper>
[10:24] <+jbuch> Long ES @ 1093.25
[10:25] <+jbuch> exit stop set ES @ 1092.25
[10:26] <+TraderG> market is in cardiac arrest
[10:26] <+mo2t> Long YM @ 10328
[10:36] <+mo2t> Exited all YM Long @ 10251 --> - 77
[10:36] <+mo2t> oops
[10:37] <+mo2t> 10351 :), plus 23
[10:44] <+codehead> hm, have a problem with patience
[10:45] <+codehead> went short YM, finally gave up an took a took, not it's selling
[10:46] <+codehead> now
[10:47] <+codehead> at that point i think i should have lowered stop to a tick over the high and left it alone
[10:50] <+codehead> man, can't type--"took a tick", not "took a took"
[10:53] <+jbuch> wow still in it just got back from breakfast
[10:54] <+jbuch> came within 1 tick of my exit
[10:56] <+jbuch> Exited all ES Long @ 1092.5 --> - 0.75
[10:56] <+jbuch> went from 150 profit to add 50 dollar loss thats a bummer
[10:57] <+codehead> dang, expensive breakfast
[11:01] <+codehead> long YM 10300 <paper>
[11:02] <+codehead> 12 tick stop for now
[11:03] <+codehead> stopped -12 YM <paper>
[11:03] <+codehead> lonf ES 1089.50 <paper> 3 pt stop 2 pt target
[11:03] <+codehead> long
[11:04] <+jbuch> has anyone seen the movie my sisters keeper
[11:05] <+jbuch> saw it this weekend cried like a lil bi%#$
[11:06] <+codehead> exit half ES +1.00 <paper>
[11:07] <+codehead> stop remainder 1088.75 <paper>
[11:10] <+codehead> exit +1.50 ES <paper>
[11:15] <@wrbtrader> Wow...I got back just in time to see were back at 1090 price action :(
[11:20] <+codehead> i shorted YM 8 ticks from the top, took 1 tick to cover commish :-P
[11:20] <+codehead> ugh, hard to find an entry after that--did the same sort of thing my last trade of last week, on wednesday
[11:21] <@wrbtrader> Shorts ES @ 1089.25 -> large size
[11:21] <@wrbtrader> 6 only
[11:22] <+jbuch> have you tried using smaller size positions on spy code
[11:25] <+codehead> well, haven't traded Ym in a while, i guess i'm jumpy when it doesn't go my way soon enough
[11:25] <+jbuch> right on
[11:25] <+codehead> on entry, i was front running a signal a bit, but wasn't risking much
[11:26] <+codehead> this time i think i got influenced when a couple of large bids pull up just 2-3 ticks under my entry
[11:27] <+codehead> previous pre-mkt high was 10353, and after entry it hit 10355--at that point when it stalled i probably should have moved stop to just over 10355 and let it be
[11:27] <+codehead> entry was 10347, so not a lot of risk at that point
[11:28] <+codehead> hm, 1088.75 is a key bull/bear dividing line
[11:28] <+jbuch> yeah that is a gorgeous entry
[11:29] <@wrbtrader> Covered all ES Short @ 1088.00 --> + 1.25
[11:30] <+codehead> long ES 1087.50 <paper> 3 pt stop, 2 pt target
[11:30] <+codehead> hm, stop coincides with lod
[11:31] <+jbuch> nice patience N
[11:31] <+Nesi> dollar again trying to take 75
[11:32] <@wrbtrader> Shorts ES @ 1086.50 -> large size
[11:32] <@wrbtrader> 6 only
[11:33] <@wrbtrader> intuition
[11:34] <@wrbtrader> Covered all ES Short @ 1086.25 --> + 0.25
[11:35] <@wrbtrader> punks
[11:35] <@wrbtrader> back to sidelines after the rude stop out
[11:42] <+codehead> exit ES flat <paper>
[11:53] <+jbuch> Long ES @ 1086.5
[11:53] <+jbuch> Exited all ES Long @ 1086 --> - 0.5
[11:57] <+codehead> long YM 10254 <paper>
[11:57] <+codehead> 15 pt stop
[11:59] <+codehead> exit YM +3 <paper>
[11:59] <+codehead> iffy, front running signal
[12:00] <+codehead> long Ym 10258 <paper> 10 tick stop
[12:00] <+codehead> 1c
[12:01] <+codehead> exit YM +10 <paper>
[12:20] <+codehead> NQ and YM retested lows exact, ES within 2 ticks
[12:22] <@X> #FuturesTrades Info -> You must read #FuturesTrades purpose and benefits @ viewtopic.php?f=5&t=36 and TOU policy @ viewtopic.php?f=2&t=55 to prevent any misunderstandings.
[12:34] <+codehead> long ES 1086.00 <paper>
[12:35] <+codehead> 3 pt stop, 2 pt target for now
[12:35] <+codehead> looking bearish really, but this is a specific signal
[12:35] <+codehead> for countertrend
[12:36] <+codehead> if we break lod, shoudl go to 1082.75 at least
[12:38] <+codehead> exit half ES +.75
[12:39] <+codehead> raise stop on remainder to b/e -1.50 <paper>
[12:40] <+codehead> raise stop to b/e +1.00 <paper>
[12:40] <+codehead> exit ES +1.25 <paper>
[12:41] <+codehead> remainder
[12:45] <+jbuch> seems like a crap shoot today to me
[12:46] <+codehead> that's what i've been saying with my trading today...
[12:47] <+codehead> "crap... shoot..."
[12:47] <+jbuch> :)
[12:51] <+jbuch> Long ES @ 1087.25
[12:57] <+jbuch> Exited all ES Long @ 1086.25 --> - 1
[12:59] <+jbuch> Shorts ES @ 1086.75
[13:03] <+jbuch> Covered all ES Short @ 1087.25 --> - 0.5
[13:12] <+codehead> approaching a potential reversal time
[13:12] <+codehead> so i'd think if we don't see new lows soon, we try to bounce
[13:14] <+jbuch> reversal of what from crappy sideways action to a nice marketwith follow through :))
[13:14] <+TraderG> volume 2day seems extremely low.
[13:14] <+jbuch> Long ES @ 1086.75
[13:17] <+codehead> ES needs to get over 1089-1089.50 to get any covering going
[13:22] <+Nesi> Covered all ES Short @ 1088.00 --> + 8.5
[13:25] <+jbuch> Exited 1/2 ES Long @ 1088.25 --> + 1.5
[13:28] <+jbuch> foolish to hope for a breakout on a day like this
[13:30] <+TraderG> why? hope is free :)
[13:30] <+jbuch> Exited all ES Long @ 1088.75 --> + 2
[13:31] <+jbuch> couldn't hang anymore
[13:32] <+codehead> nice
[13:38] <+jbuch> thanks
[13:53] <+codehead> hard oil spike
[14:22] <+codehead> short 1c ES 1089.75 <paper> stop 1091.25
[14:24] <+codehead> exit ES +0.25 <paper>
[14:24] <+codehead> signal could go either way
[14:25] <+codehead> my guess if down
[14:25] <+codehead> oil dropping
[14:25] <+codehead> into oil close
[14:26] <+codehead> "is down" not if
[14:27] <+codehead> but was scalp signal obly
[14:27] <+codehead> arg
[14:27] <+codehead> (typing)
[14:28] <@X> #FuturesTrades Info -> You must read #FuturesTrades purpose and benefits @ viewtopic.php?f=5&t=36 and TOU policy @ viewtopic.php?f=2&t=55 to prevent any misunderstandings.
[14:32] <@wrbtrader> Long ES @ 1089.25 -> medium size
[14:32] <@wrbtrader> 4 only
[14:52] <@wrbtrader> Exited all ES Long @ 1088.75 --> - 0.5
[14:52] <@wrbtrader> not a stop out...just lost my patience
[14:52] <@wrbtrader> Shorts ES @ 1088.00 -> large size
[14:52] <@wrbtrader> 6 only
[14:57] <@wrbtrader> Covered all ES Short @ 1088.75 --> - 0.75
[15:09] <@wrbtrader> Long ES @ 1089.25 -> medium size
[15:09] <@wrbtrader> 4 only
[15:13] <+codehead> dow & s&p testing the friday close line
[15:14] <+codehead> short YM 10301 <paper> 10 tick stop
[15:16] <+codehead> exit YM -4 <paper>
[15:16] <+codehead> ES got thru 1091 so not lookign short
[15:19] <@wrbtrader> Exited all ES Long @ 1092.75 --> + 3.5
[15:29] <+codehead> nice!
[15:30] <+codehead> 10330 is a res for YM, but 10344 is a bounce target
[15:39] <+codehead> 10343 hit--ES hit it's symmetry target 1095.50
[15:39] <+codehead> you'd expect profit taking in that area
[15:41] <jigglyhippo> Shorts ES 1094.50
[15:41] <+jigglyhippo> going against the trend
[15:41] <+jigglyhippo> stop at 1095.75
[15:43] <+jigglyhippo> Covered 1/2 ES Short @ 1093.50 --> + 1
[15:47] <+jigglyhippo> Covered all ES Short @ 1094 --> + 0.5
[15:53] <@wrbtrader> Long ES @ 1095.75 -> medium size
[15:53] <@wrbtrader> 4 only
[15:53] <@wrbtrader> will be a tough trade
[15:54] <@wrbtrader> Exited all ES Long @ 1095.50 --> - 0.25
[15:55] <@wrbtrader> Long ES @ 1095.75 -> medium size
[15:55] <@wrbtrader> 4 only
[15:56] <@wrbtrader> trying again
[15:57] <@wrbtrader> Exited all ES Long @ 1096.25 --> + 0.5
[16:31] <@X> #FuturesTrades Info -> You must read #FuturesTrades purpose and benefits @ viewtopic.php?f=5&t=36 and TOU policy @ viewtopic.php?f=2&t=55 to prevent any misunderstandings.
[18:37] <@X> #FuturesTrades Info -> You must read #FuturesTrades purpose and benefits @ viewtopic.php?f=5&t=36 and TOU policy @ viewtopic.php?f=2&t=55 to prevent any misunderstandings.
Session Close: Mon Nov 30 20:10:04 2009

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

#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 methods and different perspective of the markets. To gain access to #FuturesTrades...please follow the instructions at the below link.

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.

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 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 advertisments for guest visitors. More information about #FuturesTrades @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm

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 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.

Last of all, prior to December 1st 2008, archive logs of #FuturesTrades is stored at the below link.

http://www.thestrategylab.com/ArchivedPastTrades.htm

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 analysis)
Image@ http://twitter.com/wrbtrader

Phone: +1 708 572-4885
Business Hours: 8am - 5pm est (Mon - Fri)
Skype Messenger: kebec2002
questions@thestrategylab.com
Go Back To TheStrategyLab.com Homepage


Top 
 Profile E-mail  
 
Display posts from previous:  Sort by  
 
Post new topic Reply to topic Bookmark and Share  [ 1 post ] 


Who is online

Users browsing this forum: No registered users and 1 guest

 
 

 
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
cron
Translated by Xaphos © 2007, 2008, 2009 phpBB.fr