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 Post subject: December 10th Thursday - Futures, ETFs and Forex Currencies
 Post Posted: Thu Dec 10, 2009 11:05 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 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)

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Session Start: Thu Dec 10 00:00:00 2009
Session Ident: #futurestrades
[00:50] <@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.
[01:21] * codehead is now known as codehead_afk
[02:53] <@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.
[04:59] <@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.
[06:11] <mistaker> Good morning guys
[07:02] <@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.
[08:35] <+mistaker> Hey Nesi
[08:36] <Nesi> morning
[08:36] <+mistaker> We've got a lot on plate today
[08:36] <pat255> gm all
[08:37] <+mistaker> We have jobless claims at 8:30 am ET
[08:37] <+mistaker> Had rathet
[08:37] <+mistaker> rather
[08:39] <+Nesi> Jobless Claims Rise More than Expected, Up 17,000 to 474,000
[08:40] <+mistaker> Did anybody have any early trades?
[08:40] <+Nesi> i do
[08:40] <+mistaker> I had one trade in the early market
[08:40] <+Nesi> i got into trouble
[08:40] <+mistaker> Let me go grab the data, I need to restart my platform then I will post it
[08:40] <+mistaker> What happened Nesi?
[08:40] <+Nesi> i am short still at 1087.50
[08:41] <+mistaker> Yikes, that reminds me of last week
[08:41] <TraderG> nesi
[08:41] <+TraderG> I have a cure 4 u :)
[08:41] <+Nesi> hi trader
[08:41] <+Nesi> kick my head ?
[08:41] <+mistaker> I forgot to set an emergency stop before the jobs number and my limit order was one tick away from filling
[08:41] <+mistaker> I have been working all week to make up for those losses
[08:42] <+mistaker> I shorted the market today at 1094.25 and covered at 1093.25 with a large position
[08:42] <+mistaker> Unfortunately, I did not reverse and go long
[08:42] <+mistaker> but hindsight is 20/20
[08:42] <+TraderG> Nesi - i am sending u a file
[08:42] <+Nesi> traderg , where does that file goes?
[08:42] <+Nesi> i accept the file
[08:42] <+Nesi> send again
[08:43] <+mistaker> Nesi, when did you go short?
[08:43] <+mistaker> Did you hold overnight?
[08:43] <+Nesi> yesterday
[08:43] <+TraderG> just save it somewhere
[08:43] <+mistaker> To me 1087 seemed like firm support so I wouldn't have dared to go short at that point
[08:44] <+Nesi> it ignores the file.. traderg
[08:44] <+Nesi> send it to my email
[08:44] <+Nesi> nestorsuarez@atlanticbb.net
[08:44] <+mistaker> I always hate taking positions at the extremes, since the chance for volatility to give you a shot at getting out with your skin is much lower
[08:44] <+mistaker> Are you guys trading H0 or Z9 still?
[08:45] <+TraderG> ok
[08:45] <+Nesi> send vie email
[08:46] <+Nesi> The number of U.S. workers filing new claims for jobless benefits rose more than expected last week, pushed up by layoffs in seasonal industries, according to a government report on Thursday that indicated improvement in the labor market would be only gradual.
[08:46] <+Nesi> Initial claims for state unemployment insurance rose 17,000 to a seasonally adjusted 474,000 in the week ended Dec. 5 from 457,000 in the prior week, the Labor Department said. Claims previously had declined for five straight weeks.
[08:46] <+Nesi> Analysts polled by Reuters had forecast claims climbing but only to 460,000
[08:48] <+TraderG> I sent u the link]
[08:49] <+mistaker> Nesi, do you expect a down turn to cover?
[08:49] <+Nesi> what do you think :)
[08:49] <+Nesi> i am in hope mode now
[08:49] <+mistaker> I am just curious, last week I was in hope mode too but it didn't help me much
[08:50] <+Nesi> i sabotage myself...mistaker
[08:50] <+Nesi> as soon i start doing well.. boom.. i give it all back
[08:50] <+mistaker> It's human, we all have done it I think trading
[08:50] <+Nesi> mind problem
[08:50] <+Nesi> my problem is that i doing it forever
[08:50] <+mistaker> On the week of Thanksgiving, I made $10,000 in four days of trading
[08:50] <+mistaker> then last week I had total losses of $15,000
[08:50] <+Nesi> geeez
[08:51] <+mistaker> Why? Because I got greedy and ahead of myself
[08:51] <+mistaker> and I made three stupid mistakes, three days in a row
[08:51] <+mistaker> that cost me
[08:51] <+mistaker> This week, I have stuck to my system
[08:51] <+mistaker> and I have done a lot better
[08:51] <+Nesi> i had 5 chances to get out yesterday at even
[08:52] <+mistaker> Sometimes, I listen to my wife who is far more careful than me
[08:52] <+mistaker> most women are in fact and they have done psychological studies that confirm this
[08:52] <+Nesi> yes , i read about it
[08:52] <+mistaker> and sometimes I ask her, and she tells me to set my stop at break even and get out
[08:52] <+mistaker> and it has saved my butt a few times
[08:53] <+mistaker> She is happy if I make one point a day and tells me to just stop trading and move on
[08:53] <+mistaker> and sometimes, she is very right
[08:53] <+Nesi> how long have you been trading
[08:53] <+mistaker> Not very long, live trading for a few months
[08:54] <+mistaker> I paper traded for a few months before that on thinkorswim platform for futures
[08:54] <+mistaker> then before that I traded stocks for about a year
[08:54] <+mistaker> but I didn't like that so much
[08:54] <+mistaker> I felt that when trading stocks I had too many unknown variables that always seemed to ruin my setups
[08:55] <+Nesi> well...with stocks.. is like you have to know the personality of each stock...
[08:55] <+Nesi> and other variables..
[08:55] <+Nesi> with futures
[08:55] <+Nesi> is just one animal.. and few others that follow also
[08:55] <+Nesi> like gold, oil , other indexes and expecific news
[08:56] <+Nesi> so its not much to follow
[08:56] <+mistaker> Well, with futures you will never have the company issue new shares or things of this nature
[08:56] <+Nesi> yeah
[08:56] <+mistaker> Those variables always ended up hurting me, because I would usually trade small cap stocks
[08:56] <+Nesi> i used to read a scanner, live news, etc
[08:57] <+mistaker> I would go through PR Newwire, all those things before open
[08:57] <+mistaker> w
[08:57] <+mistaker> when I was stock trading
[08:58] <+mistaker> Now I have far more condensed 'homework'
[08:58] <+Nesi> me too.. two hours before open
[08:58] <+mistaker> I usually try to get one trade in during the early market, 8:00 am GMT
[08:58] <+mistaker> when European traders start up
[08:58] <+mistaker> since they bring in some volume
[08:58] <+mistaker> to make setups possible
[09:00] <+mistaker> 30 minutes until market open
[09:02] <@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.
[09:02] <+mistaker> Nesi, are you trading December or March today?
[09:02] <+Nesi> dec
[09:02] <+mistaker> When do you plan to rollover?
[09:02] <+Nesi> depends on the vol
[09:02] <+mistaker> There is already some volume coming into March
[09:03] <+mistaker> About half the volume of December but moving up quickly, in early trading there was almost no liquidity in March
[09:16] <@wrbtrader_away> Good morning all.
[09:16] * wrbtrader_away is now known as wrbtrader
[09:17] <@wrbtrader> Reminder - the 1095.25 - 1094.50 3 tick range from yesterday should make a nice profit target for any Short positions taken above it.
[09:18] <@wrbtrader> Had the market gap below it...it would still make a nice profit target for any Long positions below it.
[09:18] * wrbtrader is now known as Simply
[09:18] * Simply is now known as wrbtrader
[09:18] <@wrbtrader> Simply, what was a pain in the butt yesterday could be a gem today :)
[09:24] <+pat255> gm
[09:24] <+pat255> are u guys still on Dec contract?
[09:28] <+mistaker> wrb, I meant to ask you that as well
[09:28] <+mistaker> Z9 or H0?
[09:29] <drt> gm all
[09:29] <+mistaker> Good morning drt
[09:29] <+mistaker> T-minus 30 seconds
[09:30] <@wrbtrader> I'm bullish out of the gate.
[09:32] <+drt> rolled over to march
[09:32] <@wrbtrader> Yep...gotta be cautious early on in trading because it's ROLLOVER day
[09:33] <+mistaker> I am also on H0
[09:34] <@wrbtrader> Long ES @ 1099.25 -> large size
[09:34] <@wrbtrader> 9 only
[09:34] <+Nesi> wrong post..wrbtrader
[09:34] <+Nesi> not 1099.25
[09:34] <@wrbtrader> I'm going to be heavy on my Longs and light on my Shorts for awhile.
[09:35] <@wrbtrader> At least the first 30mins
[09:35] <+Nesi> oh you playing the rollover
[09:35] <AndyES> gm all
[09:35] <+mistaker> I am on the sidelines for now
[09:37] <@wrbtrader> Exited all ES Long @ 1101.25 --> + 2
[09:37] <@wrbtrader> Someone recently asked me about what my fills look like on large size positions...
[09:38] <+mistaker> I have never had a problem getting filled on a large position, except in early trading. That is painful.
[09:38] <@wrbtrader> On that 9 contract trade...it just showed 1+5+3
[09:38] <@wrbtrader> all with the exact same time
[09:40] <@wrbtrader> If this retraces back below 1097.25...I'll go back to neutral and will drop my overall position size on Long positions while staying witht he light on Shorts.
[09:41] <@wrbtrader> Had a losing trading day yesterday but that's mainly weather related via not being here when some of the best price action occurred.
[09:41] <@wrbtrader> :(
[09:42] <+mistaker> wrb, it happens sometimes
[09:42] <+mistaker> that's life
[09:42] <+mistaker> Let's hope this market drops to 1087 for Nesi
[09:42] <+mistaker> ;)
[09:42] <@wrbtrader> Yep :)
[09:43] <+mistaker> I have a newborn at home, and I frankly am super tired sometimes
[09:43] <@wrbtrader> still digging out of the big snow storm yesterday
[09:43] <+mistaker> and last week I fell asleep in front of my computer
[09:43] <+mistaker> missed a six point move
[09:43] <@wrbtrader> mistaker...congrats...I know the felling.
[09:43] <+mistaker> I was devastated, then I looked at my little one and it was alright
[09:43] <+mistaker> Ended up losing out on big gains and lost $300 but that's also life
[09:44] <+mistaker> I have made one point today, would like to have two more trades in the green
[09:44] <+mistaker> before calling it a day
[09:44] <+mistaker> or one red to scare me off
[09:44] <@wrbtrader> My trading got so bad the first 2 months after the birth of each of my kids that I was having 3 - 5k swings from losses to profits from one trading day to the next.
[09:44] <+mistaker> wrb, I sent you an e-mail over the weekend detailing my meltdown last week
[09:44] <+mistaker> Huge swing
[09:44] <+mistaker> +10k one week then -17k the next
[09:44] <@wrbtrader> Yes...I plan to respond tonight.
[09:45] <+mistaker> All because of a few simple mistakes, human mistakes
[09:45] <+mistaker> This week I have kept to my system and I'm doing well
[09:45] <+mistaker> so hopefully I will recoup
[09:46] <+mistaker> Little conviction in this market
[09:46] <@wrbtrader> Yeah...trading with a few hours of sleep isn't too fun.
[09:46] <+mistaker> I thought we would see a nice trend day but maybe the jobs number and rollover have spooked some people
[09:47] <@wrbtrader> I didn't see too many market analysts or economists hyping about this report the last few days.
[09:47] <+mistaker> Last week's report had me with my pants down
[09:47] <@wrbtrader> Had I saw that...I would have started trading much earlier this morning.
[09:47] <+mistaker> I had one nice trade in the AM, but I didn't go long
[09:48] <+mistaker> I have a mental block on reversing that I need to work on
[09:48] <+mistaker> It's very hard for me to be willing a market to go down on my short, then to un-convince myself it is due for a tick up
[09:50] <+mistaker> Goldman is down today, so is JPM
[09:57] <+AndyES> Long ES @ 1103 «« simulator »»
[09:58] <+AndyES> oops...old contract
[09:58] <+AndyES> Exited 2/3 ES Long @ 1104 --> + 1 «« simulator »»
[10:01] <+mistaker> Going short
[10:02] <+AndyES> Exited Remainder ES Long @ 1102.5 --> - 0.5 «« simulator »»
[10:04] <+AndyES> Long ES @ 1097.75 «« simulator »»
[10:04] <+TraderG> i need my head examined. Did not follow the rules >>> lost $$$. Foloowed the rules >>> made $$$
[10:05] <+mistaker> Still short
[10:05] <+mistaker> Looking for 1097 to break
[10:05] <+TraderG> it is soooooooooo simple yet so hard
[10:05] <+AndyES> Exited all ES Long @ 1097.25 --> - 0.5 «« simulator »»
[10:05] <+TraderG> :)
[10:06] <+TraderG> so quiet suddenly. r u guys digesting my pearls of wisdom?
[10:06] <@wrbtrader> Yes :)
[10:06] <+mistaker> I am watching the ticks
[10:06] <+TraderG> hahaha finaaly some sense of humor
[10:07] <+mistaker> Deciding whether to bail on my short
[10:07] <+mistaker> I have a 1096.50 target
[10:08] <+mistaker> ouch
[10:08] <+mistaker> acted too slow
[10:08] <+TraderG> overnight gap closed
[10:08] <+TraderG> now we can b off 2 the races
[10:08] <@wrbtrader> Shorts ES @ 1097.50 -> small size
[10:08] <@wrbtrader> 3 only
[10:08] <+mistaker> Still aiming for 196.50
[10:09] <+TraderG> on TF not on ES or NQ
[10:13] <+mistaker> I am out
[10:13] <+TraderG> gas news in 18 mins 4 those who care
[10:13] <+mistaker> From 1098.25 to 1096.50
[10:13] <+mistaker> short
[10:13] <+mistaker> Large position
[10:13] <+mistaker> wrb, do you know a way to color my text like yours?
[10:13] <+mistaker> I am on Colloquy on a Mac
[10:14] <+AndyES> Long ES @ 1096.5 «« simulator »»
[10:14] <+TraderG> right click in the window
[10:14] <+TraderG> it's a script
[10:14] <+TraderG> but u have to D/L it first
[10:17] <+mistaker> wrb, I can help you with your TweetDeck 'pop-up'
[10:17] <+mistaker> Just priv message me
[10:19] <+Nesi> dieeee
[10:19] <+AndyES> Exited all ES Long @ 1095.75 --> - 0.75 «« simulator »»
[10:19] <+mistaker> Nesi, I am hoping for you
[10:19] <+mistaker> 1087 here we come
[10:26] <@wrbtrader> Covered all ES Short @ 1097.25 --> + 0.25
[10:26] <@wrbtrader> Thought I could hold that one for awhile...wasn't meant to be.
[10:26] <+pat255> yeah thot move down is coming but noooo
[10:28] <+mistaker> I really need to get over my 'reversal block'
[10:29] <+mistaker> I think about 60-70% of the time I would be profitable on my reversals
[10:30] <+TraderG> SEX and TRADING has the following thing in common.
[10:30] <+TraderG> Those who talk about it the most, have the least experience
[10:30] <+mistaker> Are you implying I should be having more sex TraderG?
[10:31] <+TraderG> hahaha
[10:31] <+mistaker> ;)
[10:31] <+TraderG> touche
[10:31] <+mistaker> I need to talk about my trading, otherwise I would never improve and it's hard to improve if you are isolated from those you can learn from
[10:32] <+TraderG> no offense but I learn the most by listening and watching
[10:32] <+TraderG> when I blab here it is to release some stress
[10:33] <+mistaker> Fair enough, I am in Europe and don't really have anybody to discuss trading with so the Internet and a few friends back in the States over Skype
[10:33] <+TraderG> anyway, oil jumped because net gas inventories were far below estimates
[10:33] * codehead_afk is now known as codehead
[10:33] <+mistaker> are my only outlet, so I benefit from discussing weaknesses, strengths and possible set-ups
[10:34] <+TraderG> net=nat
[10:35] <+TraderG> fair enough . u r not alone in this predicament
[10:45] * mistaker is now known as mistaker_away
[10:49] <@wrbtrader> That range showed up fast after the retracement
[10:49] <@wrbtrader> Will reduce my overall position size a little more.
[10:52] <+pat255> mkt dead
[10:56] <+AndyES> yes...a gambling market
[11:08] <@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.
[11:08] <+AndyES> Geithner is speaking...maybe all is on hold until that is over
[11:12] <+Nesi> "If The Fool persists in his Folly he will become wise." - William Blake
[11:12] <+Nesi> that is me...lol
[11:13] <+AndyES> Long ES @ 1098.25 «« simulator »»
[11:13] <+AndyES> persisting...
[11:15] <+AndyES> Exited all ES Long @ 1098.75 --> + 0.5 «« simulator »»
[11:16] <+AndyES> lol
[11:16] <@wrbtrader> volatility increasing
[11:16] <@wrbtrader> Time for me to look for trades :)
[11:33] <+AndyES> One thing I don't quite understand....
[11:33] <+AndyES> HUGE volume at the bid...price goes up
[11:33] <+AndyES> as if there is some arbitrage going on
[11:34] <+AndyES> or hedging
[11:37] <+AndyES> maybe huge arb firms going long in a stronger index and short in a weaker index
[11:43] <+AndyES> Long ES @ 1098.5 «« simulator »»
[11:46] <+AndyES> Exited all ES Long @ 1098.75 --> + 0.25 «« simulator »»
[11:47] <@wrbtrader> Another killer range :(
[11:47] <@wrbtrader> Only for us day traders after the 0930am est
[11:48] <@wrbtrader> In contrast, that price action before 0930am est has been looking "too good to resist" all of 2009.
[11:48] <@wrbtrader> Lots of good price action before 0930am est while I'm still in bed :(
[11:48] <+AndyES> lol
[11:49] <@wrbtrader> Got to learn how to trade while asleep :)
[11:50] <+AndyES> just think...if you were trading in the same city as mistaker you could wake up at 10, catch both the european and us markets
[11:50] <@wrbtrader> Yeah...being in a good time zone is an advantage.
[11:51] <+codehead> short ES 1098.75 <paper>
[11:52] <+codehead> exit half ES +.75 <paper>
[11:53] <+codehead> move stop to -.50 <paper>
[12:00] <+codehead> exit remainder ES +.50 <paper>
[12:06] <@wrbtrader> Watching paint dry...part of the game :(
[12:07] <@wrbtrader> Be back in a hour or so...hopefully a big directional price movement doesn't occur.
[12:08] <@wrbtrader> Before I go...I'm not going to mention the name...
[12:09] <@wrbtrader> Someone said in an email to me that he was "disappointed in #FuturesTrades because the posted trades were ambiguous, confusing and lacked education".
[12:09] <@wrbtrader> He also said he had difficulty in trying to "mimic" the trades and would not return.
[12:09] <@wrbtrader> :)
[12:10] <@wrbtrader> Ok guys...lets make an effort to post clearer trades :)
[12:10] <@wrbtrader> Talk to all later.
[12:10] * wrbtrader is now known as wrbtrader_away
[12:16] <+pat255> geez N what do people want ...
[12:16] <+pat255> guess they dont look at charts & atelst try to look for a setup
[12:23] <+pat255> lol more clear trades ..
[13:02] <+AndyES> 30 year bond auction results?
[13:02] <+Nesi> yes
[13:02] <+AndyES> wow
[13:08] <+Nesi> maybe a leg down coming
[13:08] <+Nesi> some vol coiming ib
[13:08] <+Nesi> in
[13:10] <+Nesi> little more pressure
[13:11] <@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.
[13:13] <+Nesi> ok, so far.. we are getting downside pressure...
[13:17] <+Nesi> come on, do something
[13:18] <+Nesi> did you guys know u can get a ladder of futures indexes on iphone?
[13:20] <+pat255> nope
[13:20] <+pat255> neat
[13:43] <+codehead> how?
[13:53] <+Nesi> http://www.variancefutures.com/platforms/iphone/
[13:56] <+AndyES> Long ES @ 1097.5 «« simulator »»
[13:57] <+AndyES> 2 tick stp
[13:59] <+AndyES> Exited 2/3 ES Long @ 1098.5 --> + 1 «« simulator »»
[14:01] <+AndyES> would think a good chance of running through 99.25
[14:01] <+AndyES> too bad that member isn't around for the explanation :)
[14:06] * wrbtrader_away is now known as wrbtrader
[14:06] <+AndyES> Exited ES Long @ 1099.5 --> + 2 «« simulator »»
[14:06] <+AndyES> hld 1
[14:11] <@wrbtrader> Shorts ES @ 1098.75 -> small size
[14:11] <@wrbtrader> 2 only
[14:18] <+AndyES> Exited Remainder ES Long @ 1109.75 --> + 12.25 «« simulator »»
[14:18] <+AndyES> oops
[14:18] <@wrbtrader> Covered all ES Short @ 1099.75 --> - 1
[14:18] <+AndyES> Exited Remainder ES Long @ 1099.75 --> + 2.25 «« simulator »»
[14:22] <+AndyES> Shorts ES @ 1100.25 «« simulator »»
[14:25] <+AndyES> Covered all ES Short @ 1100.25 --> 0 «« simulator »»
[14:42] <+Nesi> diiieeee
[15:02] <+pat255> what a waste of day today...
[15:03] <@wrbtrader> Shorts ES @ 1098.00 -> small size
[15:03] <@wrbtrader> 3 only
[15:06] <+AndyES> Long ES @ 1097.5 «« simulator »»
[15:07] <@wrbtrader> Covered all ES Short @ 1097.75 --> + 0.25
[15:08] <+pat255> tuff just not worth it ...
[15:08] <@wrbtrader> Agree
[15:09] <@wrbtrader> I'm calling it quits early because I don't think I'm going to get my +20 point goal today. Will take what I have.
[15:10] <@wrbtrader> Take care all and see all tomorrow.
[15:10] <+AndyES> cya
[15:10] * wrbtrader is now known as wrbtrader_away
[15:14] <+AndyES> Exited 2/3 ES Long @ 1098.5 --> + 1 «« simulator »»
[15:17] <@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.
[15:19] <+AndyES> Exited Remainder ES Long @ 1097.75 --> + 0.25 «« simulator »»
[15:22] <mistaker> We might bounce once again at 1096, watching that area for support
[15:47] <+Nesi> Covered all ES Short @ 1101.50 --> - 28.5
[15:47] <+Nesi> done with it
[15:47] <+Nesi> good night all
[15:49] <+mistaker> Goodnight
[16:13] * codehead is now known as codehead_afk
[16:31] * mistaker is now known as mistaker_away
[17:20] <@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.

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

#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


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