#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 20 09:14:06 2009
Session Ident: #futurestrades
[09:14] * Now talking in #futurestrades
[09:14] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:17] <@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.
[09:22] <Nesi> hi all, good morning all , hi wrbtrader
[09:28] <AndyES>
all
[09:29] <drt>
[09:29] <mo2t>
[09:31] <+mo2t> Long YM @ 10277
[09:32] <jbuch> Shorts ES @ 1088.75
[09:33] <+AndyES> Shorts ES @ 1089 «« simulator »»
[09:34] <+AndyES> Covered all ES Short @ 1089.75 --> - 0.75 «« simulator »»
[09:34] <+jbuch> Covered all ES Short @ 1089.5 --> - 0.75
[09:35] <+mo2t> Exited all YM Long @ 10297 --> + 20
[09:35] <+jbuch> nice mo2
[09:35] <+Nesi> Shorts ES @ 1090.00
[09:35] <+AndyES> Shorts ES @ 1090 «« simulator »»
[09:36] <pdays> Long TF @ 581.6
[09:36] <+pdays> Exited all TF Long @ 583.0 --> + 1.4
[09:37] <+jbuch> Long ES @ 1089.75
[09:37] <@wrbtrader> I have data problems...[09:38] <+mo2t> some traders report problems wit Eurex yesterday ... Mirus futures etc.
[09:38] <@wrbtrader> Data vendor for the past 2 months have been making it mandatory for clients to upgrade to the new version along with saying the old version is no longer supported (it won't work) by November 1st.
[09:39] <+Nesi> Covered all ES Short @ 1090.00 --> 0
[09:39] <@wrbtrader> Today they say the new version (one the demanded we upgrade to) is not working and to use the old version until they fix the new one
[09:39] <@wrbtrader>
a$$holes
[09:39] <+AndyES> Covered all ES Short @ 1090.75 --> - 0.75 «« simulator »»
[09:40] <+jbuch> Exited all ES Long @ 1091.75 --> + 2
[09:40] <jigglyhippo> nice trade jb
[09:40] <+Nesi> vn
[09:40] <+Nesi> options day today
[09:41] <@wrbtrader> FYI - I won't be trading this afternoon and it looks like with my data problems this morning...I may not get in a single trade today [09:41] <+jbuch> thanks had a down bias so found it difficult to take
[09:43] <@wrbtrader> Not trading this afternoon because I taking the family to see the new movie (A Christmas Carol in 3D)...trailer @
http://www.youtube.com/watch?v=6YAOYs3ObzI[09:43] <pat255> vn
[09:44] <+Nesi> Shorts ES @ 1092.00
[09:44] <+Nesi> 2
[09:46] <+jbuch> Long ES @ 1091.75
[09:46] <+Nesi> Shorts ES @ 1091.00 -> Add
[09:47] <+jbuch> Exited all ES Long @ 1090.75 --> - 1
[09:51] <+jigglyhippo> Shorts ES 1090.50
[09:52] <+jigglyhippo> 1pt target
[09:53] <+jigglyhippo> out
[09:54] <+jigglyhippo> Covered all ES Short @ 1089.50 --> + 1
[09:54] <+Nesi> good job jiggly
[09:54] <+jigglyhippo> thanks
[09:54] <+jigglyhippo> going to try for some 1 pointers today
[09:54] <+jigglyhippo> see if I can increase my win %
[09:54] <+AndyES> Long ES @ 1089.5 «« simulator »»
[09:54] <+jbuch> Shorts ES @ 1089.75
[09:55] <+mo2t> Long YM @ 10303
[09:55] <+mo2t> Exited all YM Long @ 10303 --> 0
[09:56] <+mo2t> only few seconds in a trade
[09:58] <+jbuch> Covered all ES Short @ 1089.5 --> + 0.25
[10:01] <+AndyES> Exited all ES Long @ 1088.5 --> - 1 «« simulator »»
[10:01] <+jigglyhippo> this is when it would be great to trade more than 1c consistently
[10:01] <+jigglyhippo> let the last one ride with stop at be +.25
[10:01] <+Nesi> Covered all ES Short @ 1088.50 --> + 6
[10:01] <+jigglyhippo> nice short nesi
[10:01] <+pat255> vn
[10:01] <+Nesi> thanks
[10:02] <+mo2t> vn nesi
[10:03] <+jbuch> nice Nesi
[10:05] <+Nesi> 11/20/2009 10:02 *DJ Unemployment In Oct Rose In 29 US States - BLS
[10:08] <Reza> Good morning eveybody
[10:08] <+Nesi> hello Reza
[10:10] <+Reza> hi Nesi
[10:13] <+jigglyhippo> Long ES @ 1089.50
[10:14] <+jigglyhippo> Exited all ES Long @ 1090.50
[10:14] <+jigglyhippo> Exited all ES Long @ 1090.50 --> + 1
[10:22] * codehead_afk is now known as codehead
[10:42] <+mo2t> Shorts YM @ 10293
[10:44] <+jigglyhippo> ugh missed a few entries
[10:48] <+mo2t> Covered all YM Short @ 10273 --> + 20
[10:52] <+AndyES> Long ES @ 1086.75 «« simulator »»
[11:00] <+AndyES> Exited all ES Long @ 1086.5 --> - 0.25 «« simulator »»
[11:05] <+AndyES> reverse alchemy today: turning gold into lead
[11:06] <+jbuch> has anyone ever used infinity brkg
[11:06] <+mo2t> me
[11:06] <+mo2t> over one year
[11:06] <+jbuch> what u think
[11:08] <+jbuch> any issues with execution or anything
[11:08] <+mo2t> they have more platforms, I use their AT platform v4.5.1
[11:10] <+mo2t> good for US markets. last year they lost connection to the Eurex and more then 4 hours they cant tell me if am I in a trade or not...
during this time they cannot flatten me
[11:10] <+jigglyhippo> thats scary man
[11:10] <+mo2t> US markets with infinity absolutely ok. quick suppurt via SKype
[11:11] <+jbuch> what r ur commisions
[11:11] <+mo2t> platform is stable. fills ok, I use stop order, most time wit 0 tick slip on YM
[11:12] <+mo2t> standart, about $ 4 - 5 rt, depend on your monthly volume
[11:13] <+jbuch> thanks
[11:13] <+mo2t> infinitz is part of transact, if you trade more, they have bulk prices, you can pay some bucks and then you have about @$ 2-3 rt
[11:14] <+jbuch> right on
[11:15] <+jbuch> Shorts ES @ 1087.25
[11:15] <@wrbtrader> FYI - My data vendor is still down and they told me only a few people are still having problems
[11:16] <+pat255> lol & that dont help
[11:17] <+mo2t> yw jbuch
[11:18] <@wrbtrader> No matter what the commission are shown on any broker website...if you're doing a ton of volume for them...they'll easily give you cheaper rates to keep you as a client.
[11:18] <@wrbtrader> Then they'll tell you not to tell anybody else
[11:18] <+pat255> lol y
[11:20] <+jbuch> Covered all ES Short @ 1087 --> + 0.25
[11:20] <+jbuch> hit my exit at 1085.25
((
[11:21] <+jigglyhippo> hate that =/
[11:23] <@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.
[11:25] <+jbuch> Shorts ES @ 1086.5
[11:31] <+jbuch> Covered all ES Short @ 1086 --> + 0.5
[11:32] <+jbuch> Shorts ES @ 1085.75
[11:33] <codehead> under lod i have 1750-1751.25 NQ
[11:39] <+jbuch> Covered all ES Short @ 1086.75 --> - 1
[11:41] <+jbuch> Shorts ES @ 1086
[11:42] <+jigglyhippo> 85 key lvl
[11:45] <+jbuch> Covered all ES Short @ 1086.5 --> - 0.5
[11:52] <OICU812> good morning
[11:52] <+Nesi> hola man
[11:53] <+mo2t> hi oic, we have 6 PM in Europe
[11:57] <+OICU812> Good evening then
[11:57] <+OICU812> where in europe are you?
[12:00] <+Nesi> Should I buy? Should I sell? Many traders often focus their efforts on identifying buy and sell signals. The research and analysis they do are geared towards reaching the goal of getting that “bottom line” directive to guide their actions. Any successful, experienced trader will tell you that although properly identifying buy/sell signals is important, it’s not the key to being successful. Instead, the way you manage each trade is
[12:01] <+Nesi> Any successful, experienced trader will tell you that your trade doesn’t begin and end with a buy or sell. There’s a trade management process involved. For each trade you make, you’re making a group of decisions. The way you manage and time those decisions is what will determine the success of your trade.
[12:02] <+Nesi> --Innerworth
[12:03] <+jbuch> couldn't agree more
[12:03] <+jigglyhippo> yup
[12:03] <+mo2t> OIC - Czech republic - Havel, Jagr, Pilsner beer etc.
[12:04] <+OICU812> nice
[12:04] <+OICU812> ive always wanted to go there
[12:04] <+OICU812> they say they have the most beautifull women in the world
[12:04] <+Nesi> hmm.. Brazil?
[12:04] <+Nesi>
[12:04] <+OICU812> Czech republic
[12:04] <+OICU812> Brazilians not bad either
[12:05] <+OICU812> but i vote for czech republic
[12:05] <+Nesi> Forward Opportunities
[12:06] <+Nesi> What was the last thing you traded? Look at its 1 year, 6 month, 1 month, and 3-5 day charts. Can you see all the opportunities where you could have made a profit? Should have gone long there, shorted here . . .. You're assessing "opportunity" based on price activity subsequent to the point at which you believe the opportunity existed, which means that you're working backward to identify that point of opportunity.
[12:06] <+mo2t> ye we have some topmodels, miss of the universe etc.
[12:06] <+Nesi> While trading, these are the very opportunities a trader is aiming to spot. This and the desire to make trades will often drive the inexperienced trader to "see" opportunity where there is none, simply because the trader can easily envision the price pattern moving in any given direction.
[12:06] <+Nesi> If his predisposition or any of his analysis makes him inclined to forecast a certain direction, he can quickly envision the movement of price in the direction that will yield profits. By envisioning such price pattern formations, it's often the case that the trader will mentally emulate what he has previously viewed on historical charts, and perhaps even had a desire to experience.
[12:07] <+Nesi> And this psychology is made even more complex when the trader begins to find "evidence" in current price activity that supports his forecast/vision and ignores any information that contradicts it, thereby providing a false justification to make the trade.
[12:07] <+Nesi> This type of thinking will cause a trader to make trades when no real opportunity exists. The fundamental problem is that the reason for action is based on a forecast/vision, and not on what has happened and what is happening right now.
[12:07] <+Nesi> Given the fact that forecasts and visions are not realities and that historical and current activities are, decisions that are based on the proper interpretation of what has happened and is happening will be correct far more often. It's critical to avoid mentally creating opportunities and to know when to stay out of a trade.
[12:08] <+Nesi> Looking at the charts again, try to identify forward-looking opportunities, where you consider only each price point and the price patterns before it. You'll find that it's now far more difficult to spot the winners, but those are the opportunities that you need to identify and then appropriately act on in order to be a successful trader.
[12:08] <+Nesi> Any experienced and successful trader will agree that it's very important not to trade until there's a true opportunity.
[12:08] <+Nesi> --Innerworth
[12:10] <+AndyES> thanks, Nesi, good reminders
[12:12] <+Nesi>
[12:13] <+jbuch> thanks Nesi who is the author
[12:13] <+Nesi> it was from innerworth.com
[12:13] <+Nesi> they dont exits anymore
[12:13] <+jbuch> right on thanks
[12:13] <+Nesi> i used to get nice emails everyday
[12:17] <+jbuch> Long ES @ 1087.25
[12:17] <+mo2t> extremly low volume on YM
[12:17] <+jbuch> broke the down trendline seems like it is trying to make a higher low
[12:18] <+jbuch> so damn choppy though it is probably not worth the effort
[12:18] <+pat255> y
[12:18] <+jbuch> wonder if the market will be choppy until the new year
[12:19] <+pat255> hope not
[12:20] <+jbuch> man me too
[12:20] <+jbuch> we need some fear in this market
)
[12:20] <+pat255> y
[12:20] <+jbuch> but not until I close this trade for a profit:)
[12:26] <+OICU812> +1 on that fear into the market
[12:34] <+jbuch> a slow death been 1 tick above my stop for 10 min now
[12:37] <+codehead> long ES 1086.50 <paper> stop 1084.75
[12:39] <+jigglyhippo> jeez how slow is it right now
[12:39] <+jigglyhippo> its like premkt
[12:47] <+jbuch> bitch to hang onto this after being neg pretty much since my entry but the reason for the original entry is still valid.
[12:48] <+codehead> volume a trickle
[12:53] <+jbuch> Exited all ES Long @ 1085.75 --> - 1.5
[12:54] <+OICU812> agonyzingly slowwwww
[12:54] <+jbuch> lol now it will run on up.
[12:57] <+OICU812> this is as slow as ive seen it in some time
[12:57] <+codehead> exit ES long -.25 <paper>
[12:57] <+codehead> correction .50
[12:57] <+codehead> going to take a nap
[12:57] <+jigglyhippo> whats the deal? options expiration?
[13:07] <+OICU812> i guess jigglyhippo
[13:07] <+OICU812> im going to come back for the last hour
[13:07] <+OICU812> too slow
[13:07] <+OICU812> talk to you guys later
[13:10] <+jigglyhippo> man
[13:10] <+jigglyhippo> its moving 1 tick per 3 minutes on average
[13:26] <@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.
[13:44] <+jbuch> man it reminds me of last summer dead as a door nail
[13:45] <+jigglyhippo> usually its not this slow during the afternoon
[13:45] <+jigglyhippo> i guess we have to wait till the last hour
[13:45] <+jbuch> maybe a good friday a playfternoon to g
[13:45] <+jbuch> opps
[13:46] <+jbuch> a good fri afternoon to go play
[13:49] <+codehead> got back from nap just in time to see ES tap target
[13:50] <+codehead> took abotu an hour
[14:18] <+OICU812> back
[14:18] <+OICU812> seems i did not miss much
[14:19] <+mo2t> it does not seem to be big rallye today
[14:22] <+AndyES> off to work...gn all
[14:24] <+OICU812> so mot, you live in prague?
[14:36] <+jigglyhippo> all day chop chop chop and doing nothing
[14:41] <+Nesi> zzzzzz
[14:57] <+mo2t> big big contracting rectangle on YM from premarket till now
[15:07] <+jigglyhippo> its the last hour
[15:07] <+jigglyhippo> and still nothing
[15:07] <+jigglyhippo> prob no more trades for the day
[15:07] <+jigglyhippo> unless something starts happening in the last 30mins
[15:18] <+OICU812> with the market anything is possible
[15:18] <+OICU812> ive learned to expect any and everything
[15:19] <+jigglyhippo> well its got 40mins to do something
[15:19] <+jigglyhippo> and that is a lot of time
[15:19] <+jigglyhippo> but will it do it or not who knows
[15:20] <+Nesi> Long ES @ 1090.00
[15:20] <+Nesi> 1
[15:21] <+Nesi> Exited all ES Long @ 1090.25 --> + 0.25
[15:32] <@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.
[15:56] <+jigglyhippo> gnight all
[15:56] <+jigglyhippo> have a good wknd
[15:56] <+Nesi> good weekend all
[15:56] <+mo2t> gn all
[17:35] <@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.
[19:38] <@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.
[20:03] <@wrbtrader> Just got back from a great afternoon of family activity and I highly recommend the 3D movie "A Christmas Carol"...it's awesome.
[20:03] <@wrbtrader> Will now sit down to see what's going on with my data vendor because I couldn't do a single trade this morning via the problems.
[20:04] <@wrbtrader> Take care all and have a safe/fun weekend.
[20:04] * wrbtrader is now known as wrbtrader_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 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)
