#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 17 09:26:41 2010
Session Ident: #FuturesTrades
[09:26] * Now talking in #FuturesTrades
[09:26] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:29] <drt>
all
[09:30] <@wrbtradr_away> Good morning all
[09:30] * wrbtradr_away is now known as wrbtrader
[09:32] <Nesi> hi all
[09:33] <TLancer> Long TF @ 622.3 «« simulator »»
[09:33] <+TLancer> 2
[09:33] <+Nesi> Shorts ES @ 1097.50 -> Add
[09:33] <+TLancer> Exited 1/2 TF Long @ 622.8 --> + 0.5 «« simulator »»
[09:33] <+Nesi> 2 total
[09:34] <+TLancer> Exited Remainder TF Long @ 622.4 --> + 0.1 «« simulator »»
[09:35] <+TLancer> Long TF @ 622 «« simulator »»
[09:35] <+TLancer> 1
[09:36] <+TLancer> Exited all TF Long @ 622.8 --> + 0.8 «« simulator »»
[09:36] <+TLancer> mishandled target placemcent
[09:39] <+TLancer> Shorts TF @ 621.6 «« simulator »»
[09:39] <+TLancer> 1
[09:40] <pdays> Shorts TF @ 621.4
[09:41] <+pdays> Covered all TF Short @ 621.1 --> + 0.3
[09:41] <rickf> .
[09:42] <@wrbtrader> Shorts TF @ 620.70 -> medium size
[09:42] <@wrbtrader> 4 only
[09:42] <+TLancer> Covered all TF Short @ 621.5 --> + 0.1 «« simulator »»
[09:43] <@wrbtrader> hmmm...looks like I'm going to need to do a reboot whenever I get a chance.
[09:43] <+TLancer> 620.5
[09:44] <rickf> .
[09:44] <+TLancer> +1.1
[09:44] * codehead_afk is now known as codehead
[09:44] <@wrbtrader> Gold and Oil trying to find some legs
[09:44] <+TLancer> gotta reboot, targets getting hungup in sim mode
[09:45] <@wrbtrader> Meant Oil only because Gold looking good
[09:47] <@wrbtrader> Covered all TF Short @ 621.40 --> - 0.7
[09:48] <@wrbtrader> Long TF @ 621.60 -> medium size
[09:51] <@wrbtrader> Exited all TF Long @ 622.20 --> + 0.6
[09:53] <TLancer> Long TF @ 621.6 «« simulator »»
[09:53] <+TLancer> 2
[09:55] <+TLancer> Exited all TF Long @ 621.9 --> + 0.3 «« simulator »»
[09:56] <+TLancer> Shorts TF @ 621.6 «« simulator »»
[09:56] <+TLancer> 1
[09:57] <+TLancer> Covered all TF Short @ 6215 --> - 5593.4 «« simulator »»
[09:57] <pat255>
[10:00] <@wrbtrader> Long TF @ 622.90 -> medium size
[10:00] <@wrbtrader> 4 only
[10:02] <@wrbtrader> Exited all TF Long @ 622.10 --> - 0.8
[10:02] <@wrbtrader> Looks like 622 is goint to act like a pivot for awhile
[10:03] <+pat255> still L is better
[10:04] <@wrbtrader> Shorts TF @ 621.60 -> small size
[10:04] <@wrbtrader> 3 only
[10:04] <+TLancer> i'll what u mean, now tactically do u expect a drop dwn below pivot & more info on retrecatment or 622 as supprt to go long if & when it comes back up & holds?
[10:06] <@wrbtrader> I'm still neutral
[10:06] <@wrbtrader> Covered all TF Short @ 622.20 --> - 0.6
[10:07] <@wrbtrader> Long TF @ 622.20 -> medium size
[10:07] <@wrbtrader> 4 only
[10:08] <+rickf> long es 1096
[10:09] <@wrbtrader> Key markets still trying to find a direction
[10:10] <@wrbtrader> Lets see if this volatility spike can keep it's pace
[10:11] <@wrbtrader> Yesterday during the mid day it couldn't until late in the trading day
[10:13] <@wrbtrader> Exited all TF Long @ 622.80 --> + 0.6
[10:14] <+rickf> exit es 1097.50 +1.50
[10:14] <+pat255> vn guys
[10:14] <+rickf> ty
[10:15] <@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[10:17] <@wrbtrader> Long TF @ 622.40 -> small size
[10:17] <@wrbtrader> 2 only
[10:19] <+TLancer> Long TF @ 622.5 «« simulator »»
[10:19] <+TLancer> 1
[10:19] <+TLancer> 622.7
[10:19] <+TLancer> 1
[10:20] <+TLancer> Exited 1/2 TF Long @ 622.7 --> + 0.2 «« simulator »»
[10:21] <+rickf> jeez did you know XLF is hard to borrow? it's an index etf for goodness sake
[10:21] <+TLancer> Exited all TF Long @ 622.5 --> 0 «« simulator »»
[10:22] <+TLancer> so far 622 supp, i just bot the brkout & it didn't go - bad post
[10:22] <+TLancer> postion
[10:23] <@wrbtrader> Exited all TF Long @ 623.00 --> + 0.6
[10:24] <@wrbtrader> not a tight trail because the price action is starting to get a reputation for pulling back after a volatility spike.
[10:27] <+pat255> just chopping
[10:32] <@wrbtrader> Long TF @ 623.20 -> small size
[10:32] <@wrbtrader> 2 only
[10:32] <@wrbtrader> intuition
[10:34] <@wrbtrader> I'm going to eat an early lunch today...tough price action to trade.
[10:34] <+screenstruck> wierd fill hmm
[10:34] <+pat255> y
[10:35] <+screenstruck> 623.7 but dont see a trade there
[10:35] <+screenstruck> oh well
[10:36] <@wrbtrader> Exited all TF Long @ 624.30 --> + 1.1
[10:36] <@wrbtrader> I see about 12 trades @ 623.70 with an average trade size of 1 contract after pulling up my times & sales
[10:37] <+screenstruck> yes its in T&S
[10:37] <+screenstruck> wasnt there in my tick chart for some reason
[10:37] <@wrbtrader> Another snap back after the volatility spike...that's why it's tough today to catch a runner.
[10:38] <+screenstruck> so WRB, do you bracket your trades or tighten stops only?
[10:38] <+screenstruck> my .70 exit was a wrong taret bracket
[10:39] <@wrbtrader> I tend to tighten my trails and initial stops once I start smelling this type of price action that's very tough to trade.
[10:39] <+screenstruck> so no sell target are bracketed right?
[10:40] <+screenstruck> when long
[10:40] <@wrbtrader> No...I don't like to use bracket orders
[10:40] <+screenstruck> thats been hurting me as i miss the runners sometime
[10:40] <+screenstruck> but when its chopy it helps
[10:40] <@wrbtrader> I've tested bracket trades about 5 times last year...
[10:41] <@wrbtrader> By end of day I was net loser
[10:41] <+codehead> ugh, i need more patience... waited for YM 10300, shorted 2 ticks under, didn't hang on
[10:41] <+codehead> i guess obama's speaking
[10:41] <@wrbtrader> be back later...going to lunch
[10:42] * wrbtrader is now known as wrbtrader_away
[10:42] <+pat255> k later
[10:42] <+codehead> 10300 was symmetry on YM, hit exact
[10:44] <MK> Exited all ES Long @ 1074.50 --> + 21.5 «« simulator »»
[10:45] <+MK> exit last week
[10:45] <+MK> Shorts ES @ 1097 «« simulator »»
[10:50] <+rickf>
[11:12] * wrbtrader_away is now known as wrbtrader
[11:12] <@wrbtrader> Long TF @ 621.30 -> small size
[11:12] <@wrbtrader> 2 only
[11:15] <@wrbtrader> weak support just developed in TF
[11:16] <@wrbtrader> Exited all TF Long @ 621.50 --> + 0.2
[11:24] <@wrbtrader> Shorts TF @ 621.30 -> small size
[11:24] <@wrbtrader>
[11:24] <@wrbtrader> geeesh
[11:24] <@wrbtrader> 2 only
[11:28] <@wrbtrader> Covered all TF Short @ 621.10 --> + 0.2
[11:28] <@wrbtrader> ooops
[11:28] <@wrbtrader> Covered all TF Short @ 620.10 --> + 1.2
[11:28] <+pat255> vn
[11:28] <+screenstruck> dollar spike
[11:28] <+pat255> geez missed it
[11:28] <@wrbtrader> Had a position size error...wanted 4 contracts and went 2 instead
[11:38] <@wrbtrader> Long TF @ 619.70 -> small size
[11:38] <@wrbtrader> 3 only
[11:39] <@wrbtrader> I'm expecting some volatility here.
[11:39] <@wrbtrader> If it doesn't show up...I'll take a trading break to watch some winter Olympics
[11:45] <@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[11:48] <@wrbtrader> Exited all TF Long @ 620.20 --> + 0.5
[11:48] * wrbtrader is now known as wrbtrader_away
[11:59] <Hen> another slow day, volume is slightly better than yesterday.
[12:02] <+codehead> SPY 110--this is exactly where the biggest number of puts lies
[12:02] <+codehead> with expiry this week
[12:24] <+codehead> lacking nerve today, shorted 10288 Ym but alreayd out for chump change
[12:24] <+codehead> hit .786 exact
[13:12] <@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[13:54] <+rickf> back
[13:54] <+rickf> aaaaand missed nothing for a change i see
[13:57] * wrbtrader_away is now known as wrbtrader
[14:00] <@wrbtrader> Long TF @ 621.90 -> small size
[14:01] <@wrbtrader> 1 only
[14:01] <@wrbtrader> Exited TF Long @ 621.60 --> - 0.3
[14:01] <@wrbtrader> Reverse and Enter Short TF @ 621.60
[14:01] <@wrbtrader> 1 only
[14:02] <@wrbtrader> 2pm est economic news
[14:02] <+pat255> y
[14:02] <jbuch> Long ES @ 1095 «« simulator »»
[14:02] <@wrbtrader> Covered TF Short @ 621.70 --> - 0.1
[14:06] <+pat255> not much reaction
[14:06] <@wrbtrader> just extra chop
[14:07] <+pat255> y
[14:07] <+rickf> hrmmm since 2/9 there's a noticble divergence in price/volume across the indices
[14:07] <+rickf> higher prices, lower volume
[14:09] <@wrbtrader> Long TF @ 621.30 -> small size
[14:09] <@wrbtrader> 2 only
[14:11] <@wrbtrader> come on volatility...stay a little longer
[14:15] <@wrbtrader> Exited all TF Long @ 621.80 --> + 0.5
[14:17] <@wrbtrader> those are late post...looking at the olympic schedule on CTV
[14:18] <@wrbtrader> Long TF @ 621.40 -> small size
[14:18] <@wrbtrader> 2 only
[14:19] <@wrbtrader> same as prior trade in the same area
[14:19] <@wrbtrader> support broke
[14:20] <@wrbtrader> Exited all TF Long @ 621.00 --> - 0.4
[14:21] <@wrbtrader> Shorts TF @ 620.90 -> small size
[14:22] <@wrbtrader> 3 only
[14:24] <+TLancer> weak supp here @ 620, if fails next is 618
[14:27] <+TLancer> trying to shake shorts
[14:27] <+jbuch> Long ES @ 1094.75 «« simulator »»
[14:27] <@wrbtrader> It doesn't need to do much to do that
[14:28] <+jbuch> was trying toadd another at 1094.25 butnever came back
[14:29] <+TLancer> Shorts TF @ 621.6 «« simulator »»
[14:29] <+TLancer> 1
[14:30] <+jbuch> if we get above 96 might get interesting to the long side
[14:30] <@wrbtrader>
[14:31] <+TLancer> Shorts TF @ 621.5 -> Add «« simulator »»
[14:31] <+TLancer> 1
[14:35] <+TLancer> Covered all TF Short @ 621.2 --> + 0.7 «« simulator »»
[14:35] <+TLancer> action too slow
[14:37] <@wrbtrader> tighten trail...lost my patience
[14:38] <@wrbtrader> 7 ticks back up and then 7 ticks back down to the support area...14 ticks patience killer.
[14:40] <@wrbtrader> Gold and Oil trying hard to make a move upwards
[14:40] <+jbuch> 2:30:21] <+jbuch> if we get above 96 might get interesting to the long side
[14:41] <+jbuch> the delerious mumblings of a fevered man
[14:41] <+jbuch> maybe above 96.5
[14:42] <+rickf>
[14:42] <@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[14:43] <@wrbtrader> Covered all TF Short @ 621.10 --> - 0.2
[14:43] <+TLancer> Long TF @ 621.1 «« simulator »»
[14:43] <+TLancer> 1
[14:43] <@wrbtrader> Long TF @ 621.40 -> medium size
[14:43] <@wrbtrader> 4 only
[14:44] <+TLancer> unbelievable
[14:44] <@wrbtrader> Yep
[14:45] <+jbuch> maybe above 97
[14:46] <+TLancer> Long TF @ 621.1 -> Add «« simulator »»
[14:46] <+TLancer> 1
[14:47] <+jbuch> just noticed it is at a down trendline
[14:48] <+TLancer> Exited all TF Long @ 621.2 --> + 0.2 «« simulator »»
[14:48] <@wrbtrader> Overall it's just a range day.
[14:49] <+jbuch> yeah great one to miss got lucky for once
[14:49] <@wrbtrader> Exited all TF Long @ 620.90 --> - 0.5
[14:50] <+jbuch> Exited all ES Long @ 1095.75 --> + 1 «« simulator »»
[14:50] <+TLancer> houdini escape after brking my rules. sidelined to penalty box :<
[14:53] <@wrbtrader> slowly getting nicked and dimed out of my profits
[14:53] <@wrbtrader> 2nd break of that prior support level
[14:54] <+jbuch> Long ES @ 1096.25 «« simulator »»
[14:57] <@wrbtrader> Maybe all the big boys are watching the womens downhill alpine skiig
[14:58] <+rickf> heh
[14:58] <+rickf> no olympics for me
[14:58] <+jbuch> sounds better tha looking at this
[14:58] <+jbuch> especially using monopoly money
[15:00] <+jbuch> broke that down trendline
[15:00] <@wrbtrader> Long TF @ 621.00 -> medium size
[15:00] <@wrbtrader> 4 only
[15:01] <+codehead> NQ flat top due to large order at 1807.50, half gone now
[15:01] <+codehead> should be buys if it gets thru
[15:02] <@wrbtrader> In hindsight...way of the day is to FADE the volatility spikes.
[15:02] <+codehead> yeah, range day
[15:02] <@wrbtrader> However, once you come to that conclusion...that's when the volatility shows up and doesn't retrace
[15:02] <+jbuch> yeah
[15:03] <+codehead> lol yeah, well i had three excellent entries today, and not the conviction to hold long enough
[15:03] <@wrbtrader> Summary...stick to the trading plan...keep the losses small and with a little luck...market plays in your favor for a nice run.
[15:03] <+jbuch> I think it wants to retest 1100
[15:03] <+codehead> all three were for fades, one 2 ticks from hod YM
[15:04] <+codehead> reading Al Brooks book, today, Reading Price Charts Bar by Bar
[15:07] <+jbuch> Exited all ES Long @ 1096.75 --> + 0.5 «« simulator »»
[15:08] <+jbuch> switched back to live
[15:09] <+jbuch> Long ES @ 1097
[15:12] <+TLancer> Shorts TF @ 621.6 «« simulator »»
[15:12] <+TLancer> 1
[15:13] <+jbuch> nice wedge
[15:13] <+jbuch> reminds me of the one yesterday afternoon
[15:14] <+TLancer> Covered Remainder TF Short @ 622 --> - 0.4 «« simulator »»
[15:15] <+TLancer> Long TF @ 622 «« simulator »»
[15:15] <+TLancer> 1
[15:17] <+TLancer> Exited all TF Long @ 622.5 --> + 0.5 «« simulator »»
[15:20] <+jbuch> Exited all ES Long @ 1097.25 --> + 0.25
[15:23] <@wrbtrader> Exited all TF Long @ 622.10 --> + 1.1
[15:24] <+rickf> nice wrbtrader
[15:24] <+rickf> er wrb
[15:24] <+rickf> er you
[15:24] <+jbuch> lol
[15:24] <+rickf> force of habit
[15:24] <@wrbtrader> It struggle toomuch to stay above 622.30
[15:24] <@wrbtrader> Will re-enter if it moves back higher
[15:25] <@wrbtrader> will a smaller size
[15:25] <+jbuch> same here
[15:25] <@wrbtrader> Long TF @ 622.50 -> small size
[15:27] <@wrbtrader> 2 only
[15:30] <@wrbtrader> I think my data is stuck
[15:30] <@wrbtrader> 12 seconds without a tick movement
[15:30] <@wrbtrader>
[15:32] <@wrbtrader> Exited all TF Long @ 622.70 --> + 0.2
[15:32] <@wrbtrader> early exit...data problems
[15:35] <@wrbtrader> data now looks ok
[15:35] <+screenstruck> not a good day
[15:38] <+Hen> tomorrow is another day
[15:38] <+screenstruck> feels like mining on coalface today
[15:46] <@wrbtrader> Long TF @ 622.90 -> small size
[15:46] <@wrbtrader> 1 only
[15:48] <@wrbtrader> Exited TF Long @ 622.70 --> - 0.2
[15:48] <@wrbtrader> Long TF @ 622.90 -> small size
[15:48] <@wrbtrader> 1 only
[15:50] <+rickf> is like the bulls dont want to gun for 1100 and the bears are lying in wait to take it lower
[15:50] <+rickf> as they said in vietnam 'this is sure stay-awake weather'
[15:52] <+jbuch> Long ES @ 1097.25
[15:53] <@wrbtrader> Exited TF Long @ 623.20 --> + 0.3
[16:00] <@wrbtrader> Long TF @ 623.40 -> small size
[16:00] <@wrbtrader> 2 only
[16:01] <@wrbtrader>
[16:01] <@wrbtrader> Exited all TF Long @ 623.50 --> + 0.1
[16:02] <@wrbtrader> I'm done...data stalled again
[16:02] <+jbuch> Exited all ES Long @ 1098.5 --> + 1.25
[16:02] <@wrbtrader> should'uv did that reboot early this morning when I discussed it
[16:03] <+rickf> nice jb
[16:06] <@wrbtrader> Usually I do a reboot every 3 days. Haven't done one in about 7 days.
[16:07] <+jbuch> thanks rickf
[16:07] <@wrbtrader> Tough trading day today but was able to manage it by keeping a few consecutive losers small.
[16:08] <@wrbtrader> Take care all and see all tomorrow
[16:08] * wrbtrader is now known as wrbtrader_away
[16:09] <@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[16:13] <+jbuch> I long for the market to plummet again this PA sucks
[17:36] <@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/forumSession Close: Wed Feb 17 19:23:55 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=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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