#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: Mon Nov 16 09:26:53 2009
Session Ident: #futurestrades
[09:26] * Now talking in #futurestrades
[09:26] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:29] <drt>
everyone
[09:32] <@wrbtrader> Long ES @ 1099.25 -> large size
[09:32] <@wrbtrader> 9 only
[09:33] <@wrbtrader> Exited all ES Long @ 1098.75 --> - 0.5
[09:33] <Nesi> Long ES @ 1098.75
[09:33] <+Nesi> 1
[09:33] <TraderG> news @ 10
[09:34] <@wrbtrader> Long ES @ 1099.25 -> large size
[09:34] <@wrbtrader> 9 only
[09:34] <jbuch> Long ES @ 1099.25
[09:35] <@wrbtrader> Exited all ES Long @ 1099.50 --> + 0.25
[09:36] <@wrbtrader> hmmm...getting shaken out too easy
[09:37] <mo2t> Long YM @ 10303
[09:37] <+mo2t> 1 onlz, late post
[09:38] <@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.
[09:39] <+jbuch> Exited all ES Long @ 1101.25 --> + 2
[09:39] <pat255> vn jb
[09:40] <@wrbtrader> Long ES @ 1101.50 -> large size
[09:40] <+pat255> @office again
[09:40] <+jbuch> thanks pat
[09:40] <@wrbtrader> Anybody getting strange Eurex quotes
??
[09:41] <+mo2t> Exited all YM Long @ 10325 --> + 22
[09:42] <+jbuch> Long ES @ 1102.25
[09:42] <@wrbtrader> Exited 2/3 ES Long @ 1103.50 --> + 2
[09:43] <+jbuch> Exited all ES Long @ 1104 --> + 1.75
[09:43] <+Nesi> Exited all ES Long @ 1104.25 --> + 5.5
[09:43] <@wrbtrader> Exited ES Long @ 1104.00 --> + 2.5
[09:43] <+pat255> vn guys
[09:43] <@wrbtrader> Holding 1 contract only
[09:43] <+jbuch> nice guys
)))
[09:44] <+jbuch> nice hold Nesi
[09:44] <@wrbtrader> Hmmm...any news causing this spike upwards.
[09:44] <@wrbtrader> That's a lot of pressure on shorts...short squeeze like.
[09:47] <+jbuch> good way to start the week.
[09:51] <@wrbtrader> Yeah...had some trade jitters that caused early exits on my first two Longs...glad I got right back on the wagon and didn't quit to overanalysis
[09:53] <+mo2t> wrbtrader> me too
[09:53] <@wrbtrader> Could be my long 3 day weekend
[09:54] <@wrbtrader> m02t...we got to cut back on the liquor on the weekend
[09:56] <+mo2t>
[09:56] <+pat255> oh my
[09:57] <+jbuch> wow
[09:57] <@wrbtrader> Technical Analysis - Take a look at the weekly chart...Emini ES is returning to some key price levels that involved key changes in supply/demand late September 2008 just before hell broke loose in the global financial markets.
[09:57] <AndyES> news in 2 min
[10:01] <Nesi> 11/16/2009 10:00 *DJ DATA SNAP: US Sep Business Inventories, Sales Fall
[10:05] <+AndyES> Shorts ES @ 1106.75 «« simulator »»
[10:06] <+AndyES> Covered all ES Short @ 1107.5 --> - 0.75 «« simulator »»
[10:06] <+pat255> no p/b
[10:06] <+Nesi> this market got toooo hot
[10:07] <+Nesi> 12:15 PM Bernanke: Economic Outlook
[10:08] <@wrbtrader> Yeah...I'm a little surprised it's a trend day so far when the most recent one on the 9th was not too long ago. Thus, the market didn't contract too long after the 9th.
[10:08] <+Nesi> 1:15 PM Fed's Fisher: The Fed and the Economy
[10:08] <+AndyES> There is no immediate volume above, no buyers living with remorse who want to sell
[10:08] <+jbuch> and a nice steady rise looks like a trend day
[10:08] <@wrbtrader> Wouldn't be surprise the FED boys are up to something and the institutions got wind of it
[10:08] <OICU812> Good Morning
[10:08] <+Nesi> buenos dias, OICU
[10:09] <+OICU812> Buenos Dias
[10:09] <+OICU812> nice run up right off the bat
[10:11] <@wrbtrader> U.S. Dollar is tame in comparison to this big run up to the upside in the futures
[10:11] <@wrbtrader> Same with Forex EurUsd currency
[10:12] <+Nesi> GOLD keeps on going
[10:12] <+Nesi> 1130
[10:12] <@wrbtrader> Yeah...gold and oil are hot today too
[10:13] <+AndyES> Shorts ES @ 1108.75 «« simulator »»
[10:13] <+AndyES> trying something new here this a.m.
[10:17] <pdays> Shorts ES @ 1108.5
[10:18] <+OICU812> shorted 1108.75
[10:21] <+AndyES> Covered 2/3 ES Short @ 1108 --> + 0.75 «« simulator »»
[10:22] <+AndyES> Covered Remainder ES Short @ 1108 --> + 0.75 «« simulator »»
[10:22] <+AndyES> Long ES @ 1108 «« simulator »»
[10:26] <+pdays> Covered all ES Short @ 1107.75 --> + 0.75
[10:28] <+AndyES> Exited all ES Long @ 1108 --> 0 «« simulator »»
[10:33] <+OICU812> scaled 1/2 107.75
[10:34] <+AndyES> Long ES @ 1107.5 «« simulator »»
[10:39] <+OICU812> exited remainder
[10:43] <+AndyES> Exited all ES Long @ 1108.25 --> + 0.75 «« simulator »»
[10:47] <+AndyES> Long ES @ 1108.25 «« simulator »»
[10:50] <+AndyES> you can get a headache watching this kind of price action
[10:53] <+AndyES> Exited all ES Long @ 1108 --> - 0.25 «« simulator »»
[11:13] <+AndyES> Long ES @ 1108 «« simulator »»
[11:14] <+AndyES> Exited all ES Long @ 1107.25 --> - 0.75 «« simulator »»
[11:24] <+mo2t> frozen markets
[11:25] <+AndyES> it feels more like withdrawal of trend support
[11:27] <+AndyES> Long ES @ 1107.75 «« simulator »»
[11:28] <+Nesi> Bernanke in an hour
[11:28] <+Nesi> i will wait
[11:31] <+AndyES> Exited 1/2 ES Long @ 1109 --> + 1.25 «« simulator »»
[11:32] <+AndyES> Exited 1/4 ES Long @ 1109.75 --> + 2 «« simulator »»
[11:41] <@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.
[11:57] <@wrbtrader> FYI - Next volatility spike should occur in reaction to the 1215pm est Fed Chairman Bernanke speech
[11:59] <+jbuch> probably dead until then
[12:15] <+Nesi> 11/16 09:15 DJN: *DJ Bernanke Repeats FOMC Sees Very Low Rates For Extended Period
[12:15] <+AndyES> Exited Remainder ES Long @ 1108 --> + 0.25 «« simulator »»
[12:17] <@wrbtrader> Exited Remainder ES Long @ 1107.00 --> + 5.5
[12:20] <+OICU812> 5.5 nice
[12:22] <+Nesi> Shorts ES @ 1106.50
[12:22] <+Nesi> 1
[12:23] <+OICU812> gaining speed
[12:24] <+Nesi> Covered all ES Short @ 1105.50 --> + 1
[12:28] <@wrbtrader> Long ES @ 1107.00 -> small size
[12:28] <@wrbtrader> 3 only
[12:31] <@wrbtrader> volatility slowly declining now after the Bernanke spike
[12:35] <codehead> short ES 1107.75 <paper> stop 1108.75
[12:36] <+codehead> lower stop to 1108.25 <paper>
[12:39] <@wrbtrader> Exited all ES Long @ 1107.25 --> + 0.25
[12:40] <+codehead> exit half ES +.75 <paper>
[12:43] <+codehead> exit remainder ES b/e <paper>
[12:43] <@wrbtrader> Long ES @ 1108.25 -> medium size
[12:43] <@wrbtrader>
[12:43] <@wrbtrader> 4 only
[12:44] <@wrbtrader> punks
[12:50] <+codehead> short ES 1c 1108.75 <paper>
[12:50] <+codehead> 6 tick stop <paper>
[12:50] <+jbuch> Bernie giving a very realistic assesment of the economy.
[12:51] <+jbuch> nice not to be feed a bunch of BS
[12:51] <+jbuch> Bernie done
[12:52] <+jbuch> oops he is taking
[12:52] <+TraderG> the advisors come to the king and tell him that they have good news and bad news. The bad news is that there is going to be a lot of shit happening in the kingdom. The good news is that there is going to be enough of it for every one.
[12:52] <@wrbtrader> Exited all ES Long @ 1108.25 --> 0
[12:53] <+TraderG> Is Bernanke the king?
[12:56] <+jbuch> I think he is
)
[12:56] <+TraderG> 100 pip bi-directional move in some currencies
[12:56] <+TraderG> in less than an hour
[12:57] <+jbuch> Long ES @ 1109.25
[13:00] <+TraderG> it seems that Bernanke is trying to embelish the situation but he is too honest for this so he is telling the trueth and the trueth is that the situation is not good.
[13:00] <@wrbtrader> Long ES @ 1109.50 -> small size
[13:00] <@wrbtrader> 3 only
[13:02] <+codehead> stopped ES -1.5 1c <paper>
[13:03] <+jbuch> Exited all ES Long @ 1110.75 --> + 1.5
[13:03] <+Nesi> vn
[13:04] <+jbuch> thanks
)
[13:05] <+jbuch> I think he is just being honest
[13:05] <@wrbtrader> Exited all ES Long @ 1110.00 --> + 0.5
[13:06] <+jbuch> which is exactly what we need
[13:08] <+Nesi> 11/16/2009 13:07 DJ CBOE Index Put-Call Ratio 56.3% vs 168.7%
[13:08] <+TraderG> when was it 168?
[13:08] <+TraderG> and what does it mean?
[13:35] <+codehead> short ES <paper> 6-tick stop
[13:35] <+codehead> last try countertrend
[13:35] <+codehead> there is an obvious target upside of 1113.25
[13:36] <+codehead> 1121 a major
[13:38] <+codehead> still squeeing short, looks like
[13:43] <+codehead> exit ES b/e <paper>
[13:47] <@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.
[13:49] <+codehead> short ES 1c 1109.75 <paper> 6-tick stop
[13:50] <+codehead> if it break 1108, first target 1106.25-1105.75
[14:02] <+codehead> stopped -1.50 ES 1c <paper>
[14:06] <+Nesi> Shorts ES @ 111.00
[14:06] <+Nesi> 1
[14:08] <+codehead> we likely see lower at some point today, but short squeeze continues
[14:08] <+codehead> major resistance level near
[14:09] <+codehead> if it gets past 1114, will be very rough on shorts
[14:10] <+Nesi> Covered all ES Short @ 1111.50 --> - 1000.5
[14:10] <+AndyES> Shorts ES @ 1111.25 «« simulator »»
[14:10] <+Nesi> -0.50
[14:10] <+codehead> hm, a little cluster at 1111.75 now... but 1113.25 is the one on my radar
[14:15] <@wrbtrader> Long ES @ 1111.75 -> small size
[14:15] <@wrbtrader> 1 only
[14:16] <@wrbtrader> intuition
[14:21] <+AndyES> Shorts ES @ 1111.75 -> Add «« simulator »»
[14:22] <@wrbtrader> Exited ES Long @ 1111.25 --> - 0.5
[14:25] <+Nesi> Shorts ES @ 1111.00
[14:25] <+Nesi> 1
[14:32] <+AndyES> Covered all ES Short @ 1112 --> - 1 «« simulator »»
[14:34] <+Nesi> so far big big resistance 1112
[14:47] <+Nesi> Covered all ES Short @ 1112.50 --> - 1.5
[14:47] <@wrbtrader> Long ES @ 1112.25 -> medium size
[14:47] <@wrbtrader> 1 only
[14:47] <+Nesi> 1112.25 -1.25
[14:47] <@wrbtrader> 2 tick loss upon entry
[14:49] <+Nesi> Shorts ES @ 1111.00
[14:49] <+Nesi> 1
[14:49] <@wrbtrader> Exited ES Long @ 1111.25 --> - 1
[14:49] <+Nesi> exit stop set ES @ 1112.25
[14:50] <@wrbtrader> still a tight range up here on low volatility
[14:50] <+Nesi> hoping for a rug pull
[14:50] <+Nesi> third and last time i try to get the exact top
[14:53] <+Nesi> exit stop set ES @ 1111.25
[14:53] <+Nesi> .25 risk on this trade
[14:55] <+Nesi> Covered all ES Short @ 1110.25 --> + 0.75
[14:58] <+Nesi> Long ES @ 1109.50
[14:58] <+Nesi> 1
[14:59] <+Nesi> Exited all ES Long @ 1109.75 --> + 0.25
[14:59] <+Nesi> done for the day
[15:05] <+AndyES> Long ES @ 1109 «« simulator »»
[15:10] <+AndyES> Exited all ES Long @ 1108 --> - 1 «« simulator »»
[15:10] <@wrbtrader> Shorts ES @ 1108.00 -> medium size
[15:10] <@wrbtrader> 4 only
[15:11] <@wrbtrader> I've been watching what seems like the most popular traders on twitter and most of the time they post their trades about 3 - 5 mins AFTER the fact and most of the time when the trade is at least 1 point or more in their favor
[15:11] <@wrbtrader> Been watching this for a few months now.
[15:12] <@wrbtrader> In contrast...the exits are not posted in delay.
[15:13] <+AndyES> Long ES @ 1107.5 «« simulator »»
[15:13] <+AndyES> as the bid is hitting 7.25, I must not be a popular trader
[15:14] <@wrbtrader>
[15:14] <@wrbtrader> If I can catch a 1106.50 it's a lucky trade because my profit target was only @ 1107.25
[15:15] <@wrbtrader> Covered 3/4 ES Short @ 1106.00 --> + 2
[15:15] <+AndyES> Exited all ES Long @ 1106.5 --> - 1 «« simulator »»
[15:16] <+AndyES> well, the new approach I was trying today, like so many other things, looked good in the quiet of the weekend review.
[15:16] <+AndyES> but in real time it has used up every last molecular of neurotransmitter I had saved up over the weekend
[15:16] <+AndyES> and I am now functioning with the intelligence of a rock
[15:18] <@wrbtrader> Yeah...testing new stuff in the past has often turned me into a zombie
[15:18] <+AndyES> Long ES @ 1105.5 «« simulator »»
[15:18] <@wrbtrader>
[15:19] <+AndyES> are there any movies filming where you are...I can offer myself up as an extra
[15:19] <@wrbtrader> Usually I would have been swings in my profit loss column.
[15:20] <@wrbtrader> I heard they may be doing a film a block away from my condo up at Stoneham ski resort.
[15:20] <+AndyES>
[15:20] <+AndyES> Exited all ES Long @ 1104.5 --> - 1 «« simulator »»
[15:21] <+AndyES> cya all...that's it for me...
[15:21] <@wrbtrader> Looks like Nesi got his wish...their pulling the rug out from underneath today's rally.
[15:24] <+codehead> sheesh, i was short YM 8 ticks from hod
[15:24] <+codehead> only got a few, trailed stop too tight
[15:24] <+codehead> ES bounced at .618 exact
[15:53] <@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.
[15:54] <@wrbtrader> Covered Remainder ES Short @ 1107.25 --> + 0.75
[15:54] <@wrbtrader> That support off 1105 just kepted getting stronger
[15:54] <@wrbtrader>
[15:56] <+codehead> lotta buyers at .618 (1103.50)
[15:57] <+codehead> 1107.75-1108.00 first strong res
[15:57] <+codehead> then 1109.00
-------------------------
#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)
