#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)
------------------------
Note: Log below is usually larger but it's the christmas holidays. Thus, most members are not in the chat room because they are on holiday vacation until first trading day of January 2010.Session Start: Mon Dec 21 08:06:15 2009
Session Ident: #futurestrades
[08:06] * Now talking in #futurestrades
[08:06] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[08:39] <@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>
all
[09:32] <@wrbtrader> Good morning all
[09:33] <@wrbtrader> Great volatility out of the gate...hopefully it'll last for another 30mins or so
[09:35] <@wrbtrader> Long ES @ 1108.00 -> large size «« simulator »»
[09:35] <@wrbtrader> 9 only
[09:36] <@wrbtrader> got my intervals mixed up a little on this trade...lucky so far.
[09:37] <@wrbtrader> Exited all ES Long @ 1108.50 --> + 0.5 «« simulator »»
[09:37] <@wrbtrader> sorry...that's a real trade...not simulator
[09:38] <pat255> good start N
[09:38] <@wrbtrader> Long ES @ 1109.00 -> large size
[09:38] <@wrbtrader> 6 only
[09:39] <@wrbtrader> Exited all ES Long @ 1108.50 --> - 0.5
[09:39] <@wrbtrader> My only fear today is that the "low volatility crap" will show up early today before 10am est
[09:40] <+pat255> man no pb
[09:43] <Nesi> Shorts ES @ 1108.00
[09:43] <@wrbtrader> Shorts ES @ 1108.50 -> large size
[09:44] <@wrbtrader> 9 only
[09:44] <@wrbtrader> be careful on the shorts
[09:45] <@wrbtrader> price action still in the upper 1/3 of a prior key change in supply/demand
[09:45] <+pat255> y
[09:45] <@wrbtrader> Covered all ES Short @ 1108.50 --> 0
[09:47] <+Nesi> oil helping me a bit
[09:48] <@wrbtrader> I dumped it all after seeing Oil and Gold go opposite directions
[09:48] <+Nesi> but now oil behaving
[09:49] <@wrbtrader> Shorts ES @ 1107.75 -> large size
[09:50] <@wrbtrader> 9 only
[09:50] <@wrbtrader> Key markets now trying to get in sync
[09:51] <@wrbtrader> When they do...we should get another volatility spike...hopefully one that sends prices further down instead of up.
[09:54] <+Nesi> it need s to go bit lower than1107
[09:55] <@wrbtrader> How do they figure out stats like this...CNBC just said 29 million users per minute are hitting retail online sites
??
[09:56] <@wrbtrader> During the XMAS holidays
[09:56] <@wrbtrader> They must be getting some numbers from sites like Amazon
[09:57] <@wrbtrader> We got contraction developing
[09:57] <@wrbtrader>
[09:57] <mo2t> wrb: they estimate data from traffic from their providers
[09:58] <@wrbtrader> ISP providers of the retail sites
[09:58] <@wrbtrader> Ok...that makes sense
[09:58] <@wrbtrader> Maybe the website HOST also
[09:59] <@wrbtrader> Gold and Oil going opposite direction again
[09:59] <+mo2t> yes, both of them - they host at housing centres - ISP is hosting provider for them
[09:59] <@wrbtrader> geeesh
[09:59] <+Nesi> y
[10:00] <@wrbtrader> Covered all ES Short @ 1108.00 --> - 0.25
[10:01] <+pat255> just hate ES ..moves & then slow all day long ..
[10:01] <@wrbtrader> 2nd trade in a roll that as soon as I dumped it...the markets start trying to get in sync
[10:01] <+Nesi> oil again
[10:01] <+Nesi> trying to help
[10:01] <+Nesi> no power oil so far
[10:01] <+Nesi> may go red
[10:02] <@wrbtrader> Long ES @ 1109.00 -> large size
[10:02] <@wrbtrader> 9 only
[10:02] <@wrbtrader> volatility spike
[10:02] <@wrbtrader> markets trying hard again to get in sync
[10:03] <+Nesi> Covered all ES Short @ 1109.50 --> - 1.5
[10:04] <@wrbtrader> Exited ES Long @ 1110.25 --> + 1.25
[10:04] <+pat255> vn cud not go for L ...
[10:04] <+Nesi> Shorts ES @ 1109.75
[10:09] <+mo2t> YM is very slow
[10:09] <+Nesi> darn
[10:10] <pdays> Shorts ES @ 110.25
[10:10] <+pdays> Shorts ES @ 1110.25
[10:10] <@wrbtrader> I'm now bearish but will try to manage my bias via lowering my position size now that more contraction is starting to show up.
[10:11] <+Nesi> Covered all ES Short @ 1110.75 --> - 1
[10:11] <+pdays> Covered all ES Short @ 1110.0 --> + 0.25
[10:18] <@wrbtrader> Long ES @ 1111.75 -> small size
[10:18] <@wrbtrader> 1 only
[10:21] * codehead_afk is now known as codehead
[10:24] <@wrbtrader> Exited ES Long @ 1111.00 --> - 0.75
[10:24] <@wrbtrader> Reverse and Enter Short ES @ 1111.00
[10:25] <+pat255> N any reason u trade ES & not NQ or TF?
[10:26] <+pat255> man Es is just a dog after the early moves
[10:26] <+pat255> Nesi any opinion?
[10:28] <@wrbtrader> I traded Russell for a few years prior to switching back to the Emini ES.
[10:28] <@wrbtrader> I stopped trading the Russell when it switched exchanges from the CME to ICE
[10:29] <@wrbtrader> That switched changed one of my edges in Russell along with changing it's volatility
[10:29] <+pat255> y i recall that ..
[10:29] <+pat255> even NQ moves better than ES
[10:30] <@wrbtrader> I've never liked NQ too much especially with it's lack of activity in the overnight trading session in comparison to the Emini ES.
[10:30] <@wrbtrader> I often use the info from the overnight activity to help with my trading in the first hour
[10:30] <+pat255> i c..thks
[10:31] <@wrbtrader> If NQ had more activity in the overnight trading session...
[10:31] <@wrbtrader> I would revisit trading it again
[10:31] <+pat255> u are right ES mini has the most overnight activity
[10:32] <@wrbtrader> Yeah...your right...Emini ES can easily go into that creeper low volatility crap that you refer to as being a "dog".
[10:33] <@wrbtrader> It's not fun to trade when it's like that and has been a thorn in my side all year with that type of price action.
[10:33] <@wrbtrader> reason why I'm spending more time away from the computer during the day
[10:36] <@wrbtrader> Covered ES Short @ 1110.75 --> + 0.25
[10:36] <@wrbtrader> getting nowhere on that trade and I lost my patience
[10:36] <+Nesi> Shorts ES @ 1110.75
[10:42] <@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.
[10:48] <+Nesi> finally i am getting a bit of a brea
[10:50] <@wrbtrader> good patience
[10:50] <+Nesi> 1112 again having some problems
[10:50] <+Nesi> it is the high so far
[10:50] <+Nesi> u guys remember it?
[10:50] <+Nesi> big wall of china it was
[10:50] <codehead> yep
[10:51] <+codehead> it's also a fib
[10:51] <+codehead> next big area past 1112 is 1121
[10:51] <+codehead> 1126.25 is a long term .500
[10:58] <+codehead> 1107.75 is first symmetry
[10:58] <+codehead> if top holds, then 1097.75 is gap fill and a major symmetry
[10:59] <@wrbtrader> Wu Ying is sentenced to death for cheating investors out of millions of dollars @
http://www.shanghaidaily.com/article/?id=423203 @
http://www.usatoday.com/money/world/200 ... alty_N.htm[10:59] <+codehead> and 1097.50 is .618 retracement as well--nice confluence
[11:00] <@wrbtrader> Madoff is very lucky he didn't live in China...they don't mess around over there when someone is caught for a ponzi scheme.
[11:01] <@wrbtrader> Usually the execution is carried out within 3 years.
[11:01] <@wrbtrader> Not much time for a appeal
[11:02] <@wrbtrader> Could be worst...you could be in Brazil and the police just take you out back and shoot you in the head...no trial.
[11:05] <+pat255> so true ..
[11:06] <@wrbtrader> Long ES @ 1110.50 -> small size
[11:06] <@wrbtrader> 2 only
[11:08] <@wrbtrader> Gold ranging a little but the volatility is trying hard to expand.
[11:09] <+codehead> short ES 1110.75 <paper>
[11:11] <+codehead> 15 min still bullish, this is short-term
[11:13] <+codehead> cover ES -.25 <paper>
[11:16] <+codehead> short ES 1110.75 <paper>
[11:16] <+codehead> 6 tick stop
[11:27] <+codehead> lower stop to 2 ticks <paper>
[11:29] <+codehead> cover half +.50 <paper>, stop b/e -.25 remainder
[11:33] <+codehead> stopped remainder <paper>
[11:33] <+codehead> oil pulled back almost flat
[11:35] <@wrbtrader> Exited all ES Long @ 1110.75 --> + 0.25
[11:35] <@wrbtrader>
[11:51] <+codehead> NQ and YM having trouble holding up with ES
[12:43] <+codehead> oil red
[12:48] <@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] <+codehead> oil still dumping
[13:14] <+codehead> ES symmetry at 1109.00, the previous low
[14:00] <+codehead> ES NQ and YM all got within a tick of the first significant symmetry and bounced a bit
[14:01] <+codehead> ES hit, NQ within a tick, Ym one tick past
[14:32] <@wrbtrader> Funny...
[14:32] <@wrbtrader> I just posted a Forex EurUsd chart @
http://www.elitetrader.com/vb/showthrea ... did=182777[14:33] <@wrbtrader> The chart only had 2 clicks.
[14:33] <@wrbtrader> Next I posted the link to the chart on twitter for curiosity knowing the key words in that thread was EurUsd and Euro...
[14:33] <TraderG>
http://www.elitetrader.com/vb/showthrea ... genumber=2[14:33] <@wrbtrader> 18 instant clicks on twitter.
[14:33] <+TraderG> this is the proper link
[14:34] <@wrbtrader> Yes
[14:34] <+TraderG>
http://www.elitetrader.com/vb/attachmen ... id=2678837[14:34] <+TraderG> and this is even better
[14:35] <@wrbtrader> Looks like there's a synergy between Twitter / EliteTrader message posts...they hit each other much faster than when links are posted at one and not the other.
[14:54] <@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.
[15:15] <+codehead> crude dip
[15:59] <@wrbtrader> It held that low volatility trading range all day above the initial volatility spike
[15:59] <@wrbtrader> Geeesh
[15:59] <@wrbtrader> However, it is holiday trading.
[17:00] <@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.
[18:08] <@wrbtrader> Take care all and see all tomorrow...expecting another low volatility trading day.
[18:08] * wrbtrader is now known as wrbtrader_away
Session Close: Tue Dec 22 00:00:00 2009
-------------------------
#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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