#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 Dec 18 00:00:00 2009
Session Ident: #futurestrades
[01:07] * codehead is now known as codehead_afk
[07:56] <@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.
[09:29] <drt>
everyone
[09:29] <Nesi> hello
[09:29] <+Nesi> morning
[09:29] <pat255>
[09:30] * wrbtrader_away is now known as wrbtrader
[09:32] <@wrbtrader> Shorts ES @ 1097.00 -> large size
[09:32] <@wrbtrader> 9 only
[09:35] <@wrbtrader> Covered ES Short @ 1095.50 --> + 1.5
[09:35] <@wrbtrader> Holding 2 contract remainders
[09:35] <+pat255> good start
[09:36] <+drt> l es 95.75
[09:37] <Forex2stay> morning
[09:38] <@wrbtrader> Covered Remainder ES Short @ 1096.00 --> + 1
[09:39] <@wrbtrader> Thanks and I'm not expecting the trading day to get any better than that for me...will now just study the price action or do some simulator trades.
[09:40] <+Nesi> Shorts ES @ 1095.50
[09:41] <+drt> cl es 96
[09:50] <+Nesi> Shorts ES @ 1097.25 -> Add
[10:03] <@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.
[10:13] <@wrbtrader> Low volatility trading range...hope something surprising happens to shake things up.
[10:17] <+pat255> u were right first 15 mins & then just chop
[10:18] * codehead_afk is now known as codehead
[10:22] <+Nesi> here we go
[10:22] <+pat255> y
[10:23] <+Nesi> finally mojo
[10:23] <+Nesi> 10:18ET Oil jumps 2% on report of Iran incursion in Iraq
[10:25] <+pat255> y
[10:25] <+pat255> just trouble makers
[10:26] <JimL14> cl & gc trying to help push down, but no volatility yet @ these lows
[10:34] <@wrbtrader> Nesi that news may be all that's needed to prevent a low volatility trading range today.
[10:34] <+Nesi> maybe
[10:34] <+Nesi> yup
[10:39] <+JimL14> cl broke dwn
[10:42] <+JimL14> gc dwn
[10:53] <+Nesi> momojo
[11:21] <+codehead> long YM 10208 <paper>
[11:24] <+Nesi> Covered all ES Short @ 1090.50 --> + 11.75
[11:24] <+Nesi> yyeeeeeppiiiiiiiiiieeeeeeeeeeeeeeeeeeee
[11:25] <+pat255> vvn
[11:25] <+Nesi>
[11:25] <+Nesi> i had 4
[11:25] <+Nesi> 2 and add it 2
[11:25] <+pat255> great
[11:25] <+Nesi> i am done today
[11:26] <+codehead> nice
[11:26] <+codehead> exit half YM +10 <paper>
[11:26] <+codehead> 10240 target
[11:26] <+codehead> if low holds
[11:32] <@wrbtrader> Nesi...nice trade.
[11:32] <+Nesi> thanks!!!
[11:35] <+Nesi> i learn a lot by watching you trade, wrbtrader
[11:35] <+Nesi> i have problems with my trading but it has nothing to do with you
[11:36] <+Nesi> head problems
[11:39] <@wrbtrader> Yeah...once we can get rid of most of the baggage...consistent profitable trading becomes repetitive.
[11:41] <+codehead> moment of truth on cci here
[11:41] <+codehead> continue zlr down or roll over for famir
[11:42] <+codehead> looking like zlr so far
[11:43] <@wrbtrader> FYI - As stated yesterday...I'm taking it easy today via a few trades only.
[11:43] <@wrbtrader> So far...only one trade and most likely my only trade of the day.
[11:44] <@wrbtrader> Stressful week of trading...just want to re-energize a little.
[11:44] <+pat255> n sorry to ask again your voltality read is based on what tf chart?
[11:44] <+pat255> usually
[11:49] <+codehead> if this hold, could get a cci vegas
[11:49] <+codehead> and horizontal trendline break
[11:51] <+codehead> bingo
[11:57] <+codehead> 1092.50 is ES upside target
[11:57] <+codehead> 1091 break should make it likely
[11:59] <+codehead> YM 10239 is target
[11:59] <+codehead> similarly
[12:09] <@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.
[12:10] <@wrbtrader> [11:44] <+pat255> n sorry to ask again your voltality read is based on what tf chart?
[12:11] <@wrbtrader> ES, Oil, Gold, VIX and other key markets...I just look to see if their ranging and producing small intervals within the range.
[12:12] <@wrbtrader> Usually I use 15min, 60min and daily charts
[12:13] <@wrbtrader> However, whenever I use lower chart intervals...the volatility discussion is mainly short term and easily shaken by any news or global events.
[12:16] <+codehead> dink--target hit ES
[12:17] <@wrbtrader> This next trade is via a simulator only...
[12:17] <@wrbtrader> Long ES @ 1092.50 -> small size «« simulator »»
[12:17] <+codehead> exit +20 YM <paper>
[12:18] <@wrbtrader> Will leave it alone and see how it does by the end of the trading day (exiting a minute before the close).
[12:18] <+codehead> should hit target 10239, but it's lagging ES so took it off
[12:18] <@wrbtrader> Got a buy signal on the 60min chart interval.
[12:18] <@wrbtrader> 3 contracts only
[12:18] <@wrbtrader> Be back later.
[12:18] * wrbtrader is now known as wrbtrader_away
[12:19] <+pat255> k thks N was away
[12:26] <+codehead> Es tapped .500
[12:26] <+codehead> Ym within a tick of target
[12:27] <+codehead> ES likely pb point
[12:40] <+codehead> Ym target was good--see how it moved up right to it, and been sideways?
[12:40] <+codehead> 10257 is .500
[12:40] <+codehead> actually hasn't hit .386 yet
[12:40] <+codehead> 10244.00
[12:41] <+codehead> NQ the best today
[13:29] <+codehead> NQ back to hod
[14:12] <@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.
[15:02] * wrbtrader_away is now known as wrbtrader
[15:44] <+codehead> AAPL hod, 195
[15:45] <+codehead> which is exactly max pain for options expiry
[15:45] <+codehead> magic? coincidence?
[16:00] <@wrbtrader> Exited all ES Long @ 1098.50 --> + 6 «« simulator »»
[16:00] <@wrbtrader> 1 profitable real money trade and 1 profitable simulator trade...I basically took it easy today to re-energize.
[16:02] <@wrbtrader> Take care all and see all tomorrow...will be posting some charts online this weekend @
http://chart.ly/user/wrbtrader to show some key price action areas I'll be watching on Monday.
[16:02] * 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. 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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