##TheStrategyLab Price Action Chat Room Logs

#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.

This is not a signal calling chat room nor is the chat room designed to be educational. #FuturesTrades is 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. Yet, you will see members providing useful trading tips that may or may not help with your trading.

Therefore, we welcome all traders with their own methods or different perspective of the markets as long as they do not violate our Terms of Use (TOU) Policy.

Thanks for reading the trades or market commentaries that's below and it's highly recommend you make reading of the logs a part of your trading routine because you will sometimes find useful trading tips not discussed anywhere else online nor in any books.

Posted by M.A. Perry
Trader and Founder of WRB Analysis (wide range body analysis)

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



Session Start: Wed Feb 10 08:24:28 2010
Session Ident: #FuturesTrades
[08:24] * Now talking in #FuturesTrades
[08:24] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:14] <@X> #FuturesTrades Info -> No s, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended. More info about the chat room @ http://www.thestrategylab.com/ftchat/forum
[09:23] <jbuch> good morning everyone
[09:24] <pat255> jb wrbtrader
[09:29] <drt> all
[09:35] <pdays> Long TF @ 591.4
[09:36] <+pdays> Exited all TF Long @ 591. --> - 0.4
[09:36] <+pdays> Exited all TF Long @ 591.9 --> + 0.5
[09:47] <@wrbtrader> Good morning all...nothing to bite so far for me.
[09:47] <+pat255> only L was good at open ..
[09:49] <@wrbtrader> Long TF @ 590.10 -> small size
[09:49] <@wrbtrader> 2 only
[09:50] <@wrbtrader> stole a great entry...will need help from other key markets like Gold and Oil to hit my target
[09:50] <+pat255> y
[09:53] <@wrbtrader> volatility contracting fast...
[09:53] <@wrbtrader> I'm now expecting a volatility spike...hopefully it takes price up and not down.
[09:54] <@wrbtrader> tighting my trail stop
[09:54] <TLancer> Shorts TF @ 590.9 «« simulator »»
[09:54] <+TLancer> 2
[09:54] <@wrbtrader> Exited all TF Long @ 590.40 --> + 0.3
[09:54] <+TLancer> Covered 1/2 TF Short @ 590.2 --> + 0.7 «« simulator »»
[09:55] <+TLancer> Covered Remainder TF Short @ 590.6 --> + 0.3 «« simulator »»
[09:57] <TraderG> Bernanke talking in 3
[09:57] <@wrbtrader> target reached without me
[09:58] <@wrbtrader> didn't get a re-entry signal...that's rare for me.
[09:58] <werner> all
[10:01] <@wrbtrader> Shorts TF @ 589.70 -> medium size
[10:01] <@wrbtrader> 4 only
[10:03] <+pat255> nice entry N
[10:04] <@wrbtrader> It was an easy one with the help of the Fed Chairman Bernanke opening his mouth
[10:07] <@wrbtrader> Covered 1/2 TF Short @ 587.30 --> + 2.4
[10:07] <@wrbtrader> Covered TF Short @ 586.60 --> + 3.1
[10:07] <@wrbtrader> Holding 1 contract remainder
[10:07] <+werner> nice
[10:07] <+pat255> vn
[10:10] <+werner> tf yesterdays low here
[10:12] <+werner> es also
[10:17] <@wrbtrader> Covered Remainder TF Short @ 585.30 --> + 4.4
[10:17] <+pat255> vn
[10:19] <@wrbtrader> As usual...thank you Fed Chairman Bernanke for the intraday speech concerning "interest rates" and the "economy"
[10:19] <@wrbtrader>
[10:23] <@wrbtrader> Shorts TF @ 586.60 -> small size
[10:23] <@wrbtrader> 1 only
[10:23] <@wrbtrader> Covered TF Short @ 587.20 --> - 0.6
[10:23] <@wrbtrader> Reverse and Enter Long TF @ 587.20
[10:24] <@wrbtrader> 1 only
[10:24] <@wrbtrader> a little squeeze occurring...
[10:24] <@wrbtrader> intuition trade
[10:26] <@wrbtrader> Exited TF Long @ 586.80 --> - 0.4
[10:26] <@wrbtrader> Shorts TF @ 586.50 -> small size
[10:26] <@wrbtrader> 2 only
[10:28] <@wrbtrader> Covered all TF Short @ 685.80 --> - 99.3
[10:28] <@wrbtrader> ooops
[10:29] <@wrbtrader> Covered all TF Short @ 585.80 --> + 0.7
[10:35] <+werner> Long NQ @ 1739.00
[10:35] <+werner> intuition
[10:37] * codehead_afk is now known as codehead
[10:37] <+TraderG> lots of Psychic here
[10:38] <+TraderG> did Berni finish talking?
[10:39] <+werner> i dont know
[10:39] <@wrbtrader> No but the financial networks aren't following it after his opening comments
[10:39] <+TraderG> thanks
[10:39] <@wrbtrader> Thus, for trading purposes...his speech is done
[10:42] <+werner> Exited all NQ Long @ 1740.75 --> + 1.75
[10:44] <@X> #FuturesTrades Info -> No s, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended. More info about the chat room @ http://www.thestrategylab.com/ftchat/forum
[10:47] <@wrbtrader> Long TF @ 588.20 -> small size
[10:47] <@wrbtrader> 2 only
[10:49] <@wrbtrader> Exited all TF Long @ 587.40 --> - 0.8
[10:49] <Tigerman> Shorts ES @ 1060.25 «« simulator »»
[10:50] <@wrbtrader> punks
[10:50] <@wrbtrader>
[10:51] <+Tigerman> Covered all ES Short @ 1060 --> + 0.25 «« simulator »»
[10:52] <+Tigerman> entry was late should be 60.75
[10:52] <+Tigerman> happy anyway
[10:52] <@wrbtrader> Long TF @ 589.00 -> small size
[10:53] <@wrbtrader> 2 only
[10:53] <+Tigerman> forget say hello to everybody
[10:53] <@wrbtrader> behind the bucket on that one
[10:53] <@wrbtrader> horrible entry
[10:54] <@wrbtrader> Exited all TF Long @ 588.80 --> - 0.2
[10:57] <@wrbtrader> Long TF @ 588.90 -> small size
[10:57] <@wrbtrader> 2 only
[11:01] <@wrbtrader> Exited all TF Long @ 589.30 --> + 0.4
[11:01] <@wrbtrader> Shorts TF @ 589.00 -> small size
[11:01] <@wrbtrader> 2 only
[11:03] <+Tigerman> Shorts ES @ 1059.75 «« simulator »»
[11:04] <@wrbtrader> Covered all TF Short @ 587.60 --> + 1.4
[11:04] <+Tigerman> Covered all ES Short @ 1059.5 --> + 0.25 «« simulator »»
[11:04] <+pat255> vn N
[11:04] <+Tigerman> nice wrb
[11:14] <+Tigerman> Shorts ES @ 1061.5 «« simulator »»
[11:15] <+Tigerman> Covered all ES Short @ 1061 --> + 0.5 «« simulator »»
[11:39] <Nesi> hi all
[11:43] <+Tigerman> Shorts ES @ 1063.5 «« simulator »»
[11:44] <+Nesi> Long ES @ 1063.25
[11:48] <+Tigerman> Covered all ES Short @ 1063.25 --> + 0.25 «« simulator »»
[11:50] <+Tigerman> waited for a strong downmove
[11:50] <+Tigerman> here strong resistence
[11:51] <+Tigerman> look for short again
[11:54] <@wrbtrader> Now that the volatility has tighten...it's hard to get trade signals.
[11:54] <@wrbtrader> On that note...I'm going to lunch
[11:54] <+pat255> later
[12:11] <@X> #FuturesTrades Info -> No s, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended. More info about the chat room @ http://www.thestrategylab.com/ftchat/forum
[12:20] <+jbuch> Long ES @ 1064.25
[12:22] <+Tigerman> Shorts ES @ 1064.25 «« simulator »»
[12:24] <+Tigerman> Covered ES Short @ 1065 --> - 0.75 «« simulator »»
[12:24] <+Tigerman> Reverse and Enter Long ES @ 1065 «« simulator »»
[12:24] <+Tigerman> Exited 1/3 ES Long @ 1066.5 --> + 1.5 «« simulator »»
[12:25] <+Tigerman> Exited 1/3 ES Long @ 1066.5 --> + 1.5 «« simulator »»
[12:25] <+Tigerman> 1 contract remainer
[12:26] <+Nesi> Exited all ES Long @ 1066.25 --> + 3
[12:27] <+Tigerman> let see if break 1067 ES
[12:27] <+Tigerman> yep demand is there
[12:28] <+jbuch> Exited all ES Long @ 1067 --> + 2.75
[12:28] <+Tigerman> Exited Remainder ES Long @ 1067 --> + 2 «« simulator »»
[12:31] <+jbuch> should have moved my stop up
[12:31] <+Tigerman> yep by also price can retrace back
[12:36] <+jbuch> 2 ticks short of the high this am
[12:40] <+jbuch> Long ES @ 1067
[12:40] <+Tigerman> Long ES @ 1067 «« simulator »»
[12:41] <+Tigerman> jbuch do not start copy my trade
[12:41] <+jbuch>
[12:41] <+Tigerman> go up baby
[12:42] <+Tigerman> Exited 1/3 ES Long @ 1067.25 --> + 0.25 «« simulator »»
[12:42] <+jbuch> lots of vol on those 2 pops
[12:44] <+Tigerman> Exited 1/3 ES Long @ 1067.5 --> + 0.5 «« simulator »»
[12:44] <+Tigerman> trial set on entry
[12:45] <+Tigerman> trialcach
[12:45] <+Tigerman> Exited Remainder ES Long @ 1067 --> 0 «« simulator »»
[12:59] <+jbuch> I am caught dead smack in the middle of this wedge
[12:59] <+jbuch> it wants to come down and grab my stop before it heads up
[13:02] <+jbuch> market trying to figure out if it is going to be a range day or if it wants to test higher
[13:08] <+jbuch> exit stop set ES @ 1066.5
[13:14] <+jbuch> Exited all ES Long @ 1068.75 --> + 1.75
[13:15] <+jbuch> my hands are numb from sittng on them
[13:19] <+Tigerman> see ya later
[13:21] <Hen> patience is a virtue
[13:21] <+jbuch> that's what my mom always said
[13:22] <+Hen> smart woman
[13:23] <+jbuch> if it forma another wedgehere wil try and catch another long
[13:24] <+jbuch> don't believe it came all the way up here to stop at 69.5
[13:24] <codehead> short ES 1069.25 <paper> 4 tick stop
[13:25] <+codehead> stopped -1.00 <paper>
[13:25] <+codehead> tick extreme
[13:27] <+jbuch> bummer being to conservative and missed it
[13:28] <+Hen> well the trading day is not over
[13:29] <+jbuch> yup always another
[13:31] <+jbuch> I have premarket high of 1072.5
[13:36] <+jbuch> that was that swing high yesterday as well probably some folks stuck there.
[13:37] <+Nesi> Shorts ES @ 1069.75
[13:37] <+Nesi> 1
[13:41] <@X> #FuturesTrades Info -> No s, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended. More info about the chat room @ http://www.thestrategylab.com/ftchat/forum
[14:25] <+Nesi> Covered all ES Short @ 1068.25 --> + 1.5
[14:39] <+Nesi> Long ES @ 1066.75
[14:41] <@wrbtrader> Just got back
[14:41] <@wrbtrader> TF grinded all day back upwards after 1030am est...geesh
[14:42] <@wrbtrader> must have been tough to stay in a trade
[14:45] <+codehead> 1064 is fib support
[14:45] <+codehead> on ES
[14:46] <TLancer> 1065 & 593 key st supp
[14:46] <+Nesi> Long ES @ 1066.50 -> Add
[14:46] <+Nesi> 2
[14:46] <+Nesi> total
[14:49] <+Nesi> Exited all ES Long @ 1066.00 --> - 1.25
[14:50] <+Nesi> Long ES @ 1066.00
[14:52] <+Nesi> Long ES @ 1066.50 -> Add
[14:55] <+codehead> pb low could be in...
[14:56] <+codehead> 1065-1064 decent support area
[14:58] <+codehead> 1062 tho if that doesn't hold
[14:58] <@wrbtrader> 3pm est and volatility has been declining.
[14:58] <@wrbtrader> I'm now waiting for the volatility to start increasing as usual after the 3pm est
[15:02] <+codehead> long ES 1066.75 <paper>
[15:02] <+codehead> hm, should really be looking for breakout
[15:04] <+codehead> exit half ES +1.00 <paper>
[15:05] <+codehead> stop 1066.25 remainder <paper>
[15:06] <+codehead> stop 1066.50 <paper>
[15:06] <+codehead> stop b/e +.25 <paper>
[15:07] <+codehead> due to time
[15:07] <+codehead> exit remainder +.25 <paper>
[15:07] <+codehead> macd and tsi stalling at zero line
[15:08] <+codehead> signal sitll long tho
[15:09] <+jbuch> flopping all over the place
[15:11] <@X> #FuturesTrades Info -> No s, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended. More info about the chat room @ http://www.thestrategylab.com/ftchat/forum
[15:16] <@wrbtrader> Just read that the Eminis are on pace to be one of the "lowest volume" trading days of the year so far.
[15:17] <@wrbtrader> Don't know if that's true but it sure does feel like it.
[15:17] <@wrbtrader> Based upon all that contraction I see on my chart that slowly moved higher between 1030am - 1530pm est
[15:18] <@wrbtrader> Menat 1330pm est and not 1530pm est
[15:18] <@wrbtrader> Next, there's "more" contraction since 1330pm est.
[15:19] <@wrbtrader> That's why I said it must been tough to stay in a profitable trade.
[15:19] <+jbuch> yeah had to have the patience of Nesi.
[15:21] <werner> sorry guys...in the comming days i hope the con props are over
[15:22] <+jbuch> the what
[15:22] <+jbuch> ur talking hollland again werner
[15:23] <+werner> the conection problems
[15:24] <+jbuch> what are the con props though is it like a big bash
[15:25] <+werner> browser problems
[15:25] <+jbuch> ahh ok
[15:25] <+werner> sorry
[15:25] <+jbuch> no need for sorry was just curious
[15:26] <+werner> ok
[15:31] <+jbuch> Shorts ES @ 1067.25
[15:34] <+jbuch> one nice thing about the light vol you can see when it is getting pushed
[15:34] <+werner> yes indd
[15:35] <@wrbtrader> Shorts TF @ 592.50 -> small size
[15:35] <@wrbtrader> 2 only
[15:35] <@wrbtrader> bad entry but had to wait for the first stall after the volatility spike
[15:36] <+jbuch> Covered all ES Short @ 1064.25 --> + 3
[15:37] <@wrbtrader> Covered all TF Short @ 592.80 --> - 0.3
[15:37] <@wrbtrader> Shorts TF @ 593.00 -> small size
[15:37] <@wrbtrader> 3 only
[15:38] <@wrbtrader> intution based on the prior trade entry
[15:38] <+jbuch> the shitty thing is it wont commit and has a ton of fakeouts and retracments
[15:41] <@wrbtrader> geeesh
[15:41] <@wrbtrader> tighting trail
[15:42] <+werner> nice jbuch
[15:42] <@wrbtrader> Covered all TF Short @ 592.80 --> + 0.2
[15:44] <@wrbtrader> Shorts TF @ 592.60 -> small size
[15:44] <@wrbtrader> 3 only
[15:45] <+jbuch> WOW WHAT A DIFFERENT CHART ON TF
[15:45] <+jbuch> oops on the caps
[15:45] <@wrbtrader> same intuition trade as prior
[15:45] <Tigerman> thank you
[15:45] <@wrbtrader> support @ 592
[15:46] <@wrbtrader> if it hits that...I'll tighten my trail stop
[15:47] <@wrbtrader> Gold and Oil trying to provide support
[15:47] <@wrbtrader>
[15:47] <@wrbtrader> Covered all TF Short @ 592.80 --> - 0.2
[15:50] <@wrbtrader> Long TF @ 592.90 -> small size
[15:50] <@wrbtrader> 2 only
[15:53] <@wrbtrader> Exited all TF Long @ 592.90 --> 0
[15:53] <@wrbtrader> tough
[15:54] <@wrbtrader> At least a contracting triangle formation is forming...
[15:54] <@wrbtrader> Waiting now for a nice volatility spike
[15:56] <+jbuch> If I am with trend and my rules have beeen broken
[15:56] <@wrbtrader> Long TF @ 593.40 -> small size
[15:56] <@wrbtrader> 3 only
[15:56] <+jbuch> oopswrong window ))
[15:58] <@wrbtrader> at a shallow profit target
[15:58] <@wrbtrader> will hold to get greedy
[15:59] <@wrbtrader> tighten trail stop
[15:59] <+jbuch> hmm I look at tf and think long and es looks like a good short
[16:00] <@wrbtrader> Exited all TF Long @ 594.40 --> + 1
[16:03] <+werner> gn all
[16:09] <@wrbtrader> I'm glad I missed that mid-day grind upwards...I'm positive I would have overtraded and walked away with peanuts.
[16:20] <@wrbtrader> Take care all and see all tomorrow...I'm expecting a "TREND DAY" or a "Strong Directional Price Movement" in the early morning session.
[16:20] <@wrbtrader> Simply, I'm increasing my position size and will be aggressive tomorrow.
[16:20] * wrbtrader is now known as wrbtrader_away
[16:38] <@X> #FuturesTrades Info -> No s, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended. More info about the chat room @ http://www.thestrategylab.com/ftchat/forum
Session Close: Wed Feb 10 17:50:18 2010

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

#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.

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
questions@thestrategylab.com
Go Back To TheStrategyLab.com Homepage