#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: Mon Jan 04 08:34:57 2010
Session Ident: #futurestrades
[08:34] * Now talking in #futurestrades
[08:34] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:11] <@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.
[09:11] <pat255>
all & HNY
[09:31] <@wrbtrader> Good morning all.
[09:32] <rickf>
[09:33] <drt>
all, happy new year.
[09:33] <Forex2stay> USD has taken a beating across the board this morning. EURUSD up 180+ from LOD
[09:39] <@wrbtrader> I've been seeing messages in different areas online and a few mentions on TV financial networks that traders are expecting "volatility" this week.
[09:39] <@wrbtrader> However, nobody has given a specific reason to why
[09:39] <+rickf> some think early year tax loss sales for 2011 returns
[09:41] <@wrbtrader>
[09:47] <jbuch> good morning everyone
[09:47] <+rickf>
jb
[09:48] * codehead_afk is now known as codehead
[09:51] <pdays> Shorts ES @ 1125.25
[09:53] <+pdays> Covered all ES Short @ 1124.25 --> + 1
[09:53] <TraderG>
& Happy New Year
[09:53] <+TraderG> news @ 10
[09:54] <+rickf> long es 1124
[09:59] <+rickf> out 1124.25 +.25
[09:59] <+rickf>
[10:05] <Nesi> Shorts ES @ 1123.50
[10:05] <+pat255> Hi nesi
[10:06] <Tigerman> Hi all and Super Happy New Year 2010
[10:06] <+Nesi> hi guys
[10:07] <+Tigerman> Long ES @ 1124 «« simulator »»
[10:07] <@wrbtrader> Long ES @ 1125.00 -> medium size
[10:08] <@wrbtrader> 4 only
[10:08] <+Tigerman> Exited 1/3 ES Long @ 1124.75 --> + 0.75 «« simulator »»
[10:10] <@wrbtrader> Emini ES having problems trying to clear that weak resistance area
[10:10] <+pat255> y looks like ..
[10:11] <@wrbtrader> Exited all ES Long @ 1124.75 --> - 0.25
[10:11] <+Tigerman> Exited 1/3 ES Long @ 1124.5 --> + 0.5 «« simulator »»
[10:12] <+Tigerman> too much indecision on ES
[10:13] <+Tigerman> Exited Remainder ES Long @ 1124.25 --> + 0.25 «« simulator »»
[10:13] <+rickf> yeah not breaking out of that opening high it seems .... maybe still hung over from NYE
[10:14] <@wrbtrader> Long ES @ 1124.75 -> medium size
[10:14] <@wrbtrader> 4 only
[10:14] <@wrbtrader> intuition
[10:16] <@wrbtrader> Gold not helping at all but Oil is trying to break out of a tight range
[10:17] <+jbuch> Long ES @ 1124.5
[10:17] <@wrbtrader> TF and NQ look messy in comparison to ES...usually it's the other way around.
[10:18] <+Tigerman> congestion zone
[10:20] <+jbuch> getting tighter and tighter
[10:20] <+Tigerman> yep
[10:20] <@wrbtrader> Yeah...it's setting up for a volatility spike...
[10:20] <@wrbtrader> Hopefully one that will take prices up and not down.
[10:24] <+jbuch> weak lil higher low here
[10:26] <+pat255> 1st 1/2 hr then just chop around
[10:27] <@wrbtrader> It's only moving now because Gold and Oil is providing good support in comparison to 10 mins ago
[10:28] <+jbuch> run be free
[10:28] <@wrbtrader>
[10:29] <+rickf> lol
[10:29] <+jbuch> Exited all ES Long @ 1126.5 --> + 2
[10:30] <+jbuch> first trade of 2010
[10:30] <+pat255> vn jb
[10:30] <+rickf> wtg
[10:31] <@wrbtrader> Exited all ES Long @ 1127.00 --> + 2.25
[10:31] <+jbuch> my target was 27.75
[10:31] <+pat255> vn
[10:31] <@wrbtrader> Gold just stalled
[10:31] <+jbuch> but wanted to put it in the books
[10:32] <+rickf>
[10:32] <+jbuch> first trade in about 2 weeks thats the longest that I have gone without trading since I started.
[10:33] <+rickf> i'm only in for a few days, then it's into the final stretch for my thesis ... just dont want to get too rusty
[10:33] * +rickf traded some index options these past few months just to keep some active exposure in the market
[10:34] <+jbuch> was wondering what happened to you
[10:34] <+rickf> final draft of dissertation takes a lot out of ya
[10:34] <+rickf> can't edit/write AND watch charts
[10:35] <+jbuch> I bet, gotas focus on one thing or it all comes out like crap. when do you think thatyouwill be done with your thesis
[10:36] <+jbuch> gotas =gotta
[10:36] <+rickf> should submit by march - advisor gave me greenlight to submit when we spoke before christmas
[10:37] <+jbuch> boy that daywill feel good I bet.
[10:37] <+rickf>
[10:41] <+jbuch> gotta get some more java brb
[10:43] <+Tigerman> Long ES @ 1126.75 «« simulator »»
[10:44] <+Tigerman> just a fast scalp
[10:45] <+Tigerman> Exited 1/3 ES Long @ 1127.5 --> + 0.75 «« simulator »»
[10:46] <+Tigerman> Exited 1/3 ES Long @ 1127 --> + 0.25 «« simulator »»
[10:50] <+Tigerman> price is glued !!
[10:50] <+Tigerman> if not an up spike up soon I exit
[10:51] <+rickf> gym time ...
[10:54] <+Tigerman> Exited Remainder ES Long @ 1127.75 --> + 1 «« simulator »»
[11:17] <@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.
[11:44] <@wrbtrader> So far a trend day with only a few entry signals into it.
[11:44] <+pat255> y ..gez hard to trade it
[11:46] <+jbuch> it has been so choppy the last few weeks it is hard to trust a trend
[11:53] <+Tigerman> yes a trend day on ES YM and very different action on TF NQ
[11:54] <+Tigerman> it is new year and maybe big traders are still on holiday
[13:09] <codehead> short YM 10534 <paper>
[13:09] <+codehead> 8 tick stop
[13:13] <+rickf> yeesh sloooooow
[13:19] <+codehead> exit YM flat <paper>
[13:19] <+codehead> and sell signals do get very far
[13:19] <+codehead> any
[13:20] <@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.
[14:24] <+codehead> short Ym 10531 <paper>
[14:25] <+codehead> 5 tick stop, it either dies now of forget it
[14:26] <+rickf> i have nice technical long setting up but don't trust it right now at this time
[14:27] <+codehead> ok, i'll give paper trade 10 ticks to be more realistic...
[14:28] <+codehead> but getting late in the day
[14:28] <+codehead> considering no serious pb
[14:28] <+codehead> ES 1127.25 key for now
[14:30] <+rickf> tech says a bounce higher imho
[14:30] <+codehead> pretty strong
[14:32] <+codehead> exit Ym -5 <paper>
[14:32] <+codehead> sell signal turned into buy signal a while ago anyway
[14:32] <+Tigerman> choppy ang congested day wait for some action on next days
[14:32] <+Tigerman> I leave for today
[14:32] <+rickf> also taking some getting used to - starting the year with a 5m chart as my primary on the es as opposed to tick charts
[14:33] <+Tigerman> see all next time
[14:33] <+Tigerman> bye
[14:33] <+rickf> cya
[14:33] <+Tigerman> bye
[14:33] <+jbuch> hey guys back crappy afternoon so far
[14:34] <+rickf> yep
[14:34] <+rickf> paint drying is more fun to watch
[15:00] <@wrbtrader> I'm surprised this didn't get above the 1130 level after testing the 1127.50 level
[15:20] <+rickf> i suspect a roll is coming to the downside
[15:20] <+rickf> nice 18+ upwards to suck in longs on the first day of the year
[15:20] <+rickf> perfect trap
[15:26] <@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.
[15:30] <+rickf> hrmm still a light day ... only a tad over 1M es eminis moved as of 1530
[15:35] <+jbuch> and only an 8 point range
[15:35] <+rickf> yawn
[15:35] <+rickf> 2pt range since like 1145 too
[15:55] <+rickf> g'day all ... cya tomorrow
[16:00] <@wrbtrader> That's a lot of volatility for a tight trading range of 3 ticks here in the close
[16:01] <@wrbtrader> Hopefully tomorrow will bring more volatility instead of just the first hour of trading.
[16:01] <@wrbtrader> Take care all and see all tomorrow.
[16:01] * 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.
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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