#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)
------------------------
Session Start: Fri Nov 13 09:03:33 2009
Session Ident: #futurestrades
[09:03] * Now talking in #futurestrades
[09:03] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:03] <Nesi> good trade..code
[09:05] <+codehead> thx, i don't usually trade pre-mkt, so had modest target & stop
[09:06] <+Nesi> i dont trade it either
[09:06] <+codehead> long time stock trader still battle nerve with futs
[09:06] <+Nesi> have you ever trade stock?
[09:06] <+codehead> yes for 10 years or so
[09:06] <+codehead> i'm much more patient with them
[09:07] <+Nesi> when you moved from stocks to futures.. what difference did you notice?
[09:07] <+codehead> in futs trades, i usually don't have the nerve to look away long enough to post live trades here--lol
[09:07] <+codehead> well... biggest probably for me is that most of my stock trading was swing or longer
[09:08] <+Nesi> oh
[09:08] <+Nesi> you were not a scalper
[09:08] <+codehead> some times
[09:08] <+codehead> but not my normal thing
[09:08] <+Nesi> so with futures..you have to be pretty fast
[09:08] <+codehead> also, probably more fakes in futs
[09:08] <+codehead> on breakouts mainly
[09:09] <+Nesi> darn, i wanted to start a journal in futurestrades website and dont remember my username and password
[09:10] <+Nesi> i used to work for two stock site for 8 years... codehead.. i was pretty good reading real time news
[09:10] <+Nesi> and i knew the personality of most stocks at the time
[09:10] <+codehead> yeah, that's quite true
[09:10] <+Nesi> how a stock would react under news
[09:10] <+Nesi> etc
[09:11] <+Nesi> but.. with futures.. i am having problems
[09:11] <+Nesi> for some time now
[09:11] <@wrbtrader> I'm not trading today so I can have a 3 day weekend with the family...take care and good trading to all today.[09:11] * wrbtrader is now known as wrbtrader_away
[09:11] <+codehead> ok have a good day!
[09:11] <+Nesi> have a good time..wrbtrader
[09:11] <+codehead> well, should gone for gap fill
[09:13] <+codehead> actually by the time it retested 91 and turned back down, was feeling lot better about trade for gap fill, but didn't pull order
[09:14] <+codehead> another thing i do with futs is move stop order too soon on trailing, get tick out
[09:14] <+codehead> overall lack of patience
[09:14] <+Nesi> but you are protecting your trade
[09:15] <+Nesi> so..its small profit.. or breakeven or small win or big win
[09:15] <+Nesi> i think is good
[09:15] <+Nesi> i try to keep 1 point or .75 as a loss
[09:15] <+codehead> a big thing for me is that with stocks, i usually have a mental stop
[09:15] <+Nesi> but when i get some room..i move my stop to +0.25
[09:15] <+codehead> on futs, i've had some surprise news blow-ups, so i want to have a hard stop
[09:16] <+codehead> true, easier on stops with ES--i get ticks out applying that NQ tho
[09:16] <+codehead> it's a little jumpier
[09:16] <+Nesi> its good thing to put a 2 point or so hard stop as soon you get into the trade
[09:16] <+codehead> yeah, i think i need to treat it that way nesi
[09:17] <+codehead> my biggest trouble, it seems, is that i wrestle with whether to use a small fixed stop, or larger obvious b/d stop
[09:17] <+Nesi> you know.. probably 5 times or whatever you get stopped out at breakeven or small profit...but you have to count the times when u get big runners
[09:17] <+Nesi> and still you are protecting your money
[09:17] <+Nesi> who does not
[09:17] <+Nesi> but as a rule.. i should have one point loss max on each trade
[09:18] <+Nesi> and i should not trade when it is jumping a lot
[09:18] <+Nesi> i dont need the stress
[09:18] <+codehead> the trouble is, i then start to think about the stop too much, and decide, gee, i don't really want to lose that much, and end up taking peanuts to get out of trade
[09:18] <+Nesi> i know the feeling
[09:19] <+codehead> we got within 1 tick of gap fill
[09:22] <+codehead> btw, cluster at 1078.50, have buy order there
[09:29] <+Nesi> good trading all
[09:29] <drt>
all
[09:30] <pat255>
[09:30] <+pat255> @office
[09:32] <+codehead> report at 9:55
[09:37] <+Nesi> Long ES @ 1087.25
[09:37] <+Nesi> 1.
[09:40] <+Nesi> Exited all ES Long @ 1086.25 --> - 1
[09:40] <TraderG> news @ 9:55
[09:41] <+Nesi> Long ES @ 1088.00
[09:41] <+Nesi> 1
[09:42] <+TraderG> over night gap closed. no we r off 2 the races
[09:43] <+Nesi> Exited all ES Long @ 1086.50 --> - 1.5
[09:43] <mo2t> Shorts YM @ 10187
[09:44] <+mo2t> Covered all YM Short @ 10187 --> 0
[09:44] <+Nesi> Long ES @ 1087.00
[09:44] <+Nesi> 1
[09:45] <+Nesi> what numbers at 10?
[09:45] <+TraderG> UoM Cons Sent
[09:45] <+codehead> short ES 1087.50 2 pt stop <paper>
[09:46] <+codehead> 9:55 report
[09:46] <+Nesi> thx
[09:46] <+TraderG> and UoM Inf Expec
[09:50] <+pat255> consumer sentiment
[09:52] <+codehead> stopped ES -2.00 <paper>
[09:53] <+codehead> short NQ 1781.00 <paper> stop 1782.25
[09:53] <+Nesi> Exited all ES Long @ 1088.50 --> + 1.5
[09:53] <+pat255> vn
[09:54] <+codehead> nice
[09:55] <+codehead> exit NQ +4.00 <paper>
[09:55] <+TraderG> news worse than expected
[09:55] <+Nesi> 1084.25 again
[09:55] <+Nesi> could not take it..code
[09:55] <+TraderG> next news @ 10:30
[09:55] <+codehead> correction exit NQ +5.00 <paper>
[09:56] <+Nesi> 11/13/2009 09:55 *DJ Reuters/Univ Michigan Mid-Nov Sentiment 66.1; Oct 70.6
[10:00] <+mo2t> Shorts YM @ 10169
[10:00] <+mo2t> Covered all YM Short @ 10169 --> 0
[10:27] <+Nesi> Shorts ES @ 1088.25
[10:27] <+Nesi> 1
[10:29] <+mo2t> Long YM @ 10217
[10:29] <+mo2t> Exited all YM Long @ 10208 --> - 9
[10:30] <jbuch> Long ES @ 1088.25
[10:30] <+Nesi> Covered all ES Short @ 1089.00 --> - 0.75
[10:30] <+mo2t> Long YM @ 10216
[10:31] <+mo2t> Exited all YM Long @ 10213 --> - 3
[10:31] <+Nesi> Shorts ES @ 1087.75
[10:33] <+jbuch> Exited all ES Long @ 1087 --> - 1.25
[10:35] <+jbuch> Long ES @ 1087.75
[10:37] <+Nesi> Covered all ES Short @ 1089.00 --> - 1.25
[10:39] <+jbuch> Exited all ES Long @ 1089 --> + 1.25
[10:40] <+jbuch> Long ES @ 1089.5
[10:43] <+Nesi> vn jb!!
[10:44] <+Nesi> Shorts ES @ 1091.00
[10:44] <+Nesi> i am
the tape
[10:45] <+Nesi> Covered all ES Short @ 1092.25 --> - 1.25
[10:46] <+jbuch> Exited all ES Long @ 1092 --> + 2.5
[10:47] <+Nesi> Shorts ES @ 1091.75
[10:47] <+Nesi> note to myself..
the tape again!
[10:50] <+Nesi> Covered all ES Short @ 1092.25 --> - 0.5
[10:55] <+Nesi> Shorts ES @ 1092.00
[10:55] <+Nesi> 2
[10:56] <+Nesi> Covered all ES Short @ 1093.00 --> - 1
[10:57] <+codehead> short ES 1093.50 <paper> stop 1094.50
[10:57] <+Nesi> Shorts ES @ 1092.50
[10:57] <+Nesi> 2
[10:57] <+codehead> exit half +
[10:57] <+codehead> 0.75 <paper>
[10:58] <+codehead> stop remainder 1094.25 <paper>
[10:58] <+codehead> exit ES +1.50 <paper>
[11:02] <@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.
[11:02] <+Nesi> Covered all ES Short @ 1092.50 --> 0
[11:02] <+codehead> 1093.75 was symmetry
[11:06] <+Nesi> Shorts ES @ 1092.00
[11:09] <+Nesi> Covered all ES Short @ 1092.75 --> - 0.75
[11:10] <+Nesi> Shorts ES @ 1091.75
[11:11] <+Nesi> 3
[11:14] <+jbuch> Long ES @ 1091.5
[11:15] <+jbuch> Exited all ES Long @ 1090.5 --> - 1
[11:16] <+jbuch> Long ES @ 1091.25
[11:21] <+Nesi> Covered all ES Short @ 1091.50 --> + 0.25
[11:23] <+Nesi> Shorts ES @ 1091.00
[11:23] <+Nesi> 2
[11:25] <+Nesi> Covered ES Short @ 1092.25 --> - 1.25
[11:25] <+Nesi> Reverse and Enter Long ES @ 1092.25
[11:25] <+Nesi> 2
[11:27] <+Nesi> Long ES @ 1092.75 -> Add
[11:27] <+Nesi> 2
[11:30] <+Nesi> Exited all ES Long @ 1091.50 --> - 2
[11:32] <+Nesi> Shorts ES @ 1091.50
[11:32] <+Nesi> 2
[11:37] <+Nesi> Covered all ES Short @ 1093.50 --> - 2
[11:37] <+jbuch> Exited all ES Long @ 1093.5 --> + 2.25
[11:42] <+Nesi> Shorts ES @ 1092.50
[11:42] <+Nesi> 3
[12:15] <+jbuch> Long ES @ 1093.25
[12:17] <+jbuch> Exited all ES Long @ 1094.5 --> + 1.25
[12:22] <+Nesi> Covered all ES Short @ 1093.00 --> - 0.5
[12:22] <+Nesi> late post
[12:52] <+Nesi> Shorts ES @ 1094.25
[13:08] <@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.
[13:28] <+codehead> does anyone here trade wrb's methodology? i'm curious about it, but if i read correctly it require that you solely trade it for a while
[13:29] <+codehead> NQ hit a target, ES about .75-1.25 short of next major target
[13:29] <+codehead> 1800 a major on NQ
[13:42] <+jbuch> which way will it go
[14:03] <+jbuch> Long ES @ 1092.75
[14:03] <tomosyn57> code are you there
[14:04] <+codehead> oops, yeah i'm here
[14:04] <+tomosyn57> check pm
[14:05] <+codehead> for some reason couldn't connect to dcc chat
[14:12] <+mo2t> Shorts YM @ 10251
[14:12] <+mo2t> late post
[14:19] <+mo2t> Covered all YM Short @ 10251 --> 0
[14:22] <+jbuch> Exited all ES Long @ 1091.75 --> - 1
[14:35] <+codehead> 1086.75 symmetry on ES
[14:35] <+codehead> 1087.75 is .618
[14:36] <+codehead> 1086.75 also the early pb low
[14:37] <+codehead> 1088.75 is extension, so a short profit target
[14:37] <+codehead> 1086.75 is also next extension target
[14:37] <+codehead> so it's cluster
[14:41] <+Nesi> back near 1088.25 again
[14:59] <+TraderG> dive dive dive
[15:00] <+TraderG> u can imagine the sound effects
[15:07] <+TraderG> in case u don't ....
[15:07] <+TraderG>
http://home.flash.net/~tomj/tunny/sounds/tunnydive.wav[15:09] <+codehead> bounced at cluster
[15:11] <@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.
[15:15] <+codehead> bounced to .382
[15:15] <+codehead> 1090.00
[15:55] <+Nesi> Covered all ES Short @ 1092.00 --> + 2.25
[17:17] <@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: Fri Nov 13 18:40:37 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=5The 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. Go Back To TheStrategyLab.com Homepage M.A. Perry
Trader and Founder of
WRB Analysis (wide range body analysis)
