#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: Thu Dec 17 08:41:33 2009
Session Ident: #futurestrades
[08:41] * Now talking in #futurestrades
[08:41] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[08:42] <@wrbtrader> Good morning all...another big gap day.
[08:42] <pat255>
n yes
[08:42] <+pat255> look at EUR wgat a drop
[08:43] <@wrbtrader> Yes...I'm looking at it now...geeesh...that's a big movement.
[08:43] <@wrbtrader> Europe traders hit it hard in the overnight
[08:43] <+pat255> y
[08:45] <+pat255> oil also looking S if u trade it
[08:53] <@wrbtrader> I envy those traders that move from one trading instrument to the next from one trading day to the next whereever volatility goes.
[08:54] <+pat255> y ...i dont trade oil too volatile for me but look at it as u do
[08:54] <@wrbtrader> I've recently met someone that trades Emini ES, EuroFX 6E, Oil CL or Gold GC futures
[08:54] <+pat255> however it looks S .
[08:54] <+pat255> on daily
[08:54] <@wrbtrader> He just follows the volatility and will concentrate on one until the volatility moves away into a different trading instrument.
[08:55] <@wrbtrader> Yeah...he's single and can get up very early to trade in comparison to someone like me that's a family guy.
[08:55] <+pat255> yup me too
[08:57] <+pat255> also when switching instruments not easy for me to switch & be able to keep track of levels etc
[08:58] <@wrbtrader> Yeah...it's a lot of work...I use to switch constantly between trading instrument...following the volatility from one day to the next trading day.
[08:58] <@wrbtrader> A ton of work following the levels.
[08:58] <@wrbtrader> That's when I discover "intermarket analysis" and how one key market impacts another key market.
[08:58] <@wrbtrader> Learned it accidentally.
[08:59] <+pat255>
lucky accidents happen too ..
[09:05] <@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.
[09:15] <+pat255> eur push up a bit
[09:16] <werner>
all
[09:17] <+pat255>
werner
[09:18] <+werner>
pat
[09:19] <TraderG> Dr
[09:19] <+TraderG> Dr
[09:19] <+TraderG>
[09:20] <+werner> dr?
[09:20] <+TraderG> Doctor
[09:21] <+werner> lol
[09:21] <+TraderG> there was a movie with Dan Akroid
[09:21] <+TraderG> in the desert there were a bunch of doctors and they were shaking each other's hand saying "Dr" "Dr"
[09:22] <+werner> ok
[09:27] <mistaker> Morning all
[09:27] <+werner>
mistaker
[09:29] <drt>
everyone
[09:29] <+werner>
drt
[09:31] <@wrbtrader> U.S. Dollar at a 3 month high today
[09:31] <@wrbtrader> Shorts ES @ 1096.25 -> large size
[09:32] <@wrbtrader> 9 only
[09:32] <@wrbtrader> tought trade for me out of the gate
[09:32] <@wrbtrader> Covered all ES Short @ 1096.75 --> - 0.5
[09:36] <@wrbtrader> Long ES @ 1097.50 -> large size
[09:36] <@wrbtrader> 9 only
[09:36] <+drt> s es 97.50
[09:37] <@wrbtrader> weak resistance @ 1099.00
[09:37] <@wrbtrader> Good spot for a profit target
[09:37] <@wrbtrader> Exited all ES Long @ 1098.75 --> + 1.25
[09:37] <+pat255> vn
[09:39] <+drt> cs es 98.50
[09:39] <@wrbtrader> EuroFX 6E futures traders still not that active on twitter @
http://www.stocktwits.com/t/6E_F[09:42] <Nesi> Shorts ES @ 1098.50
[09:45] <+Nesi> Covered all ES Short @ 1098.25 --> + 0.25
[09:46] <+Nesi> no patience
[09:46] <+Nesi> due to price action lately
[09:46] <+Nesi> i did not want to get in a tight range so soon
[09:53] <+Nesi> Shorts ES @ 1096.25
[09:54] <+mistaker> No trades so far, be back later.
[09:54] <+Nesi> Covered all ES Short @ 1096.50 --> - 0.25
[09:56] <+Nesi> Shorts ES @ 1096.00
[09:56] <+Nesi> 1
[09:57] <@wrbtrader> Shorts ES @ 1095.50 -> large size
[09:57] <@wrbtrader> 9 only
[09:58] <+Nesi> Covered all ES Short @ 1094.25 --> + 1.75
[09:58] <+pat255> vn guys
[09:58] <@wrbtrader> That's a 2 point chaser (late entry by 2.25 points because signal was @ 1097.75)
[09:59] <@wrbtrader> lucky volatility showed up
[09:59] <@wrbtrader> Thanks to the pending Philly FED Survery report
[10:00] <@wrbtrader> Covered all ES Short @ 1095.25 --> + 0.25
[10:00] <+pat255> what the h*** geez
[10:01] <+Nesi> 10:01ET U.S. leading economic index rises 8th month in row [ RTR
http://is.gd/5riLH ]
[10:03] <@wrbtrader> Shorts ES @ 1095.00 -> large size
[10:03] <@wrbtrader> 9 only
[10:03] <@wrbtrader> As stated yesterday...I'm beign very aggressive today and tommorw in my trading
[10:04] <+pat255> k..
[10:06] <@wrbtrader> Covered 2/3 ES Short @ 1093.75 --> + 1.25
[10:08] <+Nesi> Quad Expirations tomorrow
[10:09] <@wrbtrader> Covered Remainder ES Short @ 1094.75 --> + 0.25
[10:12] <@wrbtrader> Volatility still good but we're at weak support area
[10:13] <+Nesi> THX
[10:13] <@wrbtrader> That view is via the 15min chart interval
[10:13] <+Nesi> thx
[10:18] <@wrbtrader> volatility now declining
[10:19] <@wrbtrader> Hopefully we get one more volatility spike before the trading range gets going.
[10:20] <@wrbtrader> If that range shows up...I'll do what 3 members (not here today) have recently said..."price action not good...got better things to do".
[10:20] <@wrbtrader>
[10:20] <+pat255> lol
[10:40] <@wrbtrader> I got better things to do than continuing to watch this tight range that's developed...
[10:40] <@wrbtrader> be back later
[10:40] * wrbtrader is now known as wrbtrader_away
[10:45] <+Nesi>
http://forexmagnates.com/nfa-to-monitor ... dium=email[10:45] <+Nesi> interesting
[10:45] <+Nesi> i wonder if the will monitor.. twitter...etc
[10:48] <+pat255> nesi how twitter wroks? on computers or iphones?
[10:48] <+pat255> sorry not up with high tech
[10:48] <+Nesi> both
[10:48] <+pat255> k
[10:48] <+Nesi> its like the mirc, but you only can type 140 caracters
[10:48] <+Nesi> and it goes back and forth
[10:49] <+pat255> i c..
[10:57] * codehead_afk is now known as codehead
[11:02] <codehead> short ES 1098.25 <paper> 2 pt stop
[11:03] <+codehead> symmetry
[11:03] <+codehead> exit half +1.00 <paper>
[11:03] <JimL14> what symmetry?
[11:03] <+codehead> ab=cd
[11:04] <+codehead> 1098.75-1104.00 = 1093.25-1098.50
[11:04] <+JimL14> u mean a completed ab=cd then anticipates reverdal
[11:05] <+codehead> it's a profit taking spot, or reversal spot, cci had a hook from extremes also
[11:05] <+JimL14> TY
[11:05] <+codehead> lower stop to 1099.00 <paper>
[11:06] <+codehead> exit remainder +1.00 <paper>
[11:13] <@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.
[12:00] <+codehead> oil got a sharp bounce off lod
[12:16] <+codehead> full moon Dec 31
[12:16] <+codehead> possible mkt lows around there, day or two before
[12:17] <+codehead> last four mkt lows a day or two before full moon
[13:14] <@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.
[13:20] * wrbtrader_away is now known as wrbtrader
[13:49] <Nesi> Shorts ES @ 1092.50
[13:59] <+codehead> oil very nice bounce
[14:00] <+Nesi> Covered all ES Short @ 1094.25 --> - 1.75
[14:19] <+Nesi> Shorts ES @ 1093.75
[14:19] <+Nesi> 2
[14:23] <+codehead> oil tapped green
[15:20] <@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.
[15:36] <@wrbtrader> Long ES @ 1094.50 -> small size
[15:37] <@wrbtrader> 2 only
[15:38] <+Nesi> feels more like lower to me
[15:39] <pat255> some patiemce nesi oh my
[15:39] <+Nesi> :/
[15:41] <@wrbtrader> Exited all ES Long @ 1095.00 --> + 0.5
[15:44] <+Nesi> daarn
[15:47] <+Nesi> little drop now would be nice
[15:47] <+Nesi> to 1092 or so
[15:47] <+Nesi> in next few minutes
[15:49] <@wrbtrader> Emini ES now testing a weak support
[15:49] <+Nesi> noooww
[15:49] <+Nesi> take 1092
[15:49] <+Nesi> comeon
[15:53] <@wrbtrader> Shorts ES @ 1092.75 -> small size
[15:53] <@wrbtrader> 2 only
[15:54] <@wrbtrader> That support was 1092.50
[15:54] <@wrbtrader> Should be a nice battle here
[15:55] <+Nesi> Covered all ES Short @ 1092.50 --> + 1.25
[15:55] <@wrbtrader> Covered all ES Short @ 1092.50 --> + 0.25
[15:55] <+Nesi> thanks all
[15:55] <@wrbtrader> Was looking for a 1 - 2 points but I didn't like how it stalled at 1092.25
[15:57] <@wrbtrader> Eurex expiration this week
[15:57] <@wrbtrader> Maybe that's tommorrow...will review my calendar later tonight
[15:59] <@wrbtrader> This thing should be going up by now but its not
[15:59] <+pat255> hand it to you nesi soe patoence
[15:59] <@wrbtrader> Long ES @ 1092.00 -> small size
[16:00] <@wrbtrader> 2 only
[16:00] <@wrbtrader> Exited all ES Long @ 1091.50 --> - 0.5
[16:01] <@wrbtrader> Shorts ES @ 1091.50 -> small size
[16:01] <@wrbtrader> 3 only
[16:03] <@wrbtrader> Covered all ES Short @ 1091.50 --> 0
[16:04] <@wrbtrader> Tomorrow is notorious for "low volatility trading range".
[16:04] <@wrbtrader> May show up to do 1 - 3 trades and that's it.
[16:04] <@wrbtrader> Take care all and see all tomorrow.
[16:05] <+pat255> later N ty all
[16:05] * wrbtrader is now known as wrbtrader_away
[16:58] <+werner> gn all
[17:23] <@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.
-------------------------
#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. Best Regards,
M.A. Perry
Trader and Founder of
WRB Analysis (wide range body analysis)
@
http://twitter.com/wrbtrader Phone: +1 708 572-4885
Business Hours: 8am - 5pm est (Mon - Fri)
Skype Messenger: kebec2002
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