#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: Tue Feb 23 08:32:14 2010
Session Ident: #FuturesTrades
[08:32] * Now talking in #FuturesTrades
[08:32] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[08:48] <Nesi> hi all
[08:48] <rickf>
[08:49] <werner>
rickf,nesi
[08:51] <jbuch> morning everyone
[08:53] <+werner>
jbuch
[08:54] <+rickf> hi werner, all
[08:58] <+rickf> GS in the news again ...
http://www.bloomberg.com/apps/news?pid= ... yON_uNe7I#[09:03] <TraderG> CS index up 10 months in a row but still under Dec 2006
[09:29] <drt>
everyone
[09:33] <@wrbtrader> Long TF @ 631.10 -> small size
[09:34] <@wrbtrader> 3 only
[09:35] <@wrbtrader> Oil not helping at all...looking a littel weak
[09:35] <pdays> Long TF @ 630.6
[09:36] <+rickf> short es 1104.75
[09:36] <+pdays> Exited all TF Long @ 631.0 --> + 0.4
[09:37] <@wrbtrader> Gold and Oil helping now but it's a little too late because TF has run into a resistance area
[09:38] <@wrbtrader> Exited all TF Long @ 630.10 --> - 1
[09:38] <@wrbtrader> Shorts TF @ 629.70 -> large size
[09:38] <@wrbtrader> 6 only
[09:38] <+werner> Shorts NQ @ 1811
[09:40] <+rickf> exite 1104.50 +.25 stopped
[09:40] <+rickf>
[09:41] <+werner> Covered all NQ Short @ 1812 --> - 1
[09:42] <@wrbtrader> geeesh...key markets suddenly mixed
[09:42] <+werner> Shorts NQ @ 1814
[09:42] <@wrbtrader> as in nobody in sync
[09:43] <+jbuch> Long ES @ 1105.25
[09:43] <@wrbtrader> Covered 1/2 TF Short @ 629.30 --> + 0.4
[09:44] <+werner> Covered all NQ Short @ 1812.50 --> + 1.5
[09:44] <@wrbtrader> Covered Remainder TF Short @ 629.60 --> + 0.1
[09:45] <@wrbtrader> profit targets not reached on that trade
[09:45] <@wrbtrader> Dumped it all after seening some bullish price action
[09:46] <@wrbtrader> Long TF @ 630.70 -> small size
[09:46] <@wrbtrader> 3 only
[09:47] <@wrbtrader> Pending key economic reports @ 10am est
[09:47] <+jbuch> Exited all ES Long @ 1106.75 --> + 1.5
[09:47] <+rickf> nice jb
[09:47] <pat255> vn
[09:47] <+jbuch> thanks
[09:48] <+pat255> late @ office
[09:48] <+werner> nice
[09:49] <+rickf> short es 1107
[09:49] <+werner> Shorts NQ @ 1816
[09:49] <@wrbtrader> TF having problems getting above or staying above that 631 price area
[09:51] <@wrbtrader> volatility dropping fast
[09:52] <@wrbtrader> Exited all TF Long @ 630.20 --> - 0.5
[09:53] <+werner> Covered all NQ Short @ 1815 --> + 1
[09:54] <@wrbtrader> Shorts TF @ 629.50 -> medium size
[09:54] <@wrbtrader> 4 only
[09:55] <+rickf> exit 1106 +1
[09:58] <@wrbtrader> tightning trail stop due to pending news
[10:00] <@wrbtrader> geeesh
[10:00] <screenstruck> 10 point drop
[10:00] <+screenstruck> confidence
[10:00] <+screenstruck> 27 year low
[10:00] <+rickf> lack of it
[10:00] <@wrbtrader> been awhile since a seen that type of data pop in the price action
[10:00] <Nesi> 02/23/2010 09:59 *DJ Richmond Fed: Feb Retail Revenues Index -15 Vs Jan 1
[10:00] <@X> #FuturesTrades Purpose -> 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[10:00] <@wrbtrader> crazy Confidence numbers...
[10:01] <@wrbtrader> Can't be true...a mistake
??
[10:02] <mo2t> 50 points on YM on one 2 mins. bar
[10:02] <+rickf> must not be welcome news to cnbc.com -- still not showing up on the website
[10:02] <+rickf> aha there it is
[10:03] <+rickf> 6 point bar on the 5min ES
[10:03] <@wrbtrader> Covered 1/2 TF Short @ 625.00 --> + 4.5
[10:03] <+rickf> nice
[10:03] <+pat255> vvn
[10:03] <+mo2t> vn
[10:03] <+werner> 10 medals for canada...nice...but maybe sven kramer takes a medal for holland again
[10:03] <@wrbtrader> Yeah...I was only looking for a point
[10:03] <+werner> Shorts NQ @ 1807.00
[10:04] <+jbuch> lucky dog
[10:04] <+TraderG>
[10:04] <@wrbtrader> It all evens out...I'll get a very "unlucky" trade tomorrow
[10:04] <+rickf> such a realist
[10:04] <+rickf>
[10:05] <+Nesi> 10:00ET BREAKING: FDIC: Number of troubled banks rises to 702 [MW]
[10:05] <+Nesi> Consumer confidence falls 11 points
[10:05] <+werner> Shorts NQ @ 1808 -> Add
[10:05] <+jbuch> Shorts ES @ 1099.75
[10:06] <+werner> Covered all NQ Short @ 1805.50 --> + 4
[10:06] <@wrbtrader> eurofx and other forex currencies not much of a reaction
[10:07] <+screenstruck> bonds big spike
[10:07] <@wrbtrader> Yes
[10:07] <@wrbtrader> Eurex BUND itself has been hot all morning
[10:08] <+screenstruck> nice spike on USD/JPY
[10:08] <@wrbtrader> I'm still "in shock" at the Consumer Confidence numbers...
[10:08] <@wrbtrader> wow.
[10:08] <+TraderG> why?
[10:08] <+TraderG> nothing changes
[10:08] <+TraderG> people are still unemployed
[10:08] <+werner> Shorts NQ @ 1806
[10:08] <+screenstruck> i think it finally found reality
[10:08] <+TraderG> changed not changes
[10:08] <+rickf> perhaps this will be the wakeup call for the market
[10:08] <@wrbtrader> Yeah but why weren't the numbers like this the prior reports
[10:08] <+rickf> all is NOT getting better
[10:09] <+screenstruck> seemed uncharacteristically positive before
[10:09] <@wrbtrader> employement problems, bank failures, foreclosure problems have been here for awhile
[10:09] <+werner> Covered all NQ Short @ 1805 --> + 1
[10:09] <+jbuch> Covered all ES Short @ 1099.5 --> + 0.25
[10:09] <@wrbtrader> Why did consumers suddenly say it SUCKS
[10:10] <@wrbtrader> I know the answer...
[10:10] <+screenstruck> how many do they poll barely 500?
[10:10] <+TraderG> 10:00ET BREAKING: FDIC: Number of troubled banks rises to 702 [MW]
[10:10] <@wrbtrader> They got their credit card bills for the prior XMAS
[10:10] <@wrbtrader> bad joke
[10:10] <+rickf> BBerg on the CC numbers:
http://www.bloomberg.com/apps/news?pid= ... Kv_U&pos=1[10:11] <+rickf> i am short the bank index
[10:11] <+werner> Shorts NQ @ 1803
[10:11] <@wrbtrader> Short everything
[10:11] <+rickf> got in a bit early last week though
[10:12] <+werner> Covered all NQ Short @ 1800 --> + 3
[10:12] <+rickf> short es 1097.25
[10:12] <+werner> brb
[10:14] <+rickf> nice werner
[10:14] <+rickf> damn
[10:15] <+rickf> exit 1/2 9525
[10:15] <@wrbtrader> Covered TF Short @ 622.60 --> + 6.9
[10:15] <@wrbtrader> Holding 1 contract remainder
[10:15] <+screenstruck> sheesh
[10:15] <+screenstruck> this is beyonf vn or vvn
[10:15] <+screenstruck> beyond
[10:16] <@wrbtrader> Should'uv been hear in 2008...that was the norm for some in here
[10:16] <+rickf> those were fun days
[10:16] <+rickf> this feels like it right now
[10:16] <@wrbtrader> Yeah...been crying every since those days went away
[10:16] <+rickf> exit remainder es 1095.25 +2
[10:16] <+screenstruck> heh
[10:17] <+rickf> no kidding -- those were fun days to trade
[10:17] <+werner> nice rickf
[10:17] <+rickf> thx werner - was not a planned trade
[10:18] <+werner> its money
[10:18] <+rickf> true ... money coming TO me for a change on an unplanned trade
[10:21] <+rickf> next leg down comign up
[10:21] <+Nesi> 1092.50 big key if taken out to continue down..imho
[10:21] <+jbuch> rick just jinxed it
[10:22] <+rickf> i figure the LOD is close enough to continue slide ... 1094
[10:22] <+rickf> jb: lol
[10:22] <+jbuch>
[10:23] <@wrbtrader> Eurex BUND still on fire
[10:23] <+rickf> fitch downgraded greece banks to BBB
[10:23] <+rickf> prolly explains some of it
[10:24] <+screenstruck> Nesi, sent you a page
[10:26] <@wrbtrader> thanks rickf
[10:26] <+rickf> np
[10:27] <+jbuch> this is exactly the 50 %
[10:27] <+jbuch> from the highs to the low of the retracemet
[10:27] <+rickf> still trading off the 5m ES chart .. getting more comfy using it as standard timeframe
[10:32] <+werner> Shorts NQ @ 1795.00
[10:33] <+werner> Covered all NQ Short @ 1793.00 --> + 2
[10:33] <+Nesi> 1092.50 key
[10:44] <+mo2t> Nearly 20% of US Workers Underemployed in Jan -
http://www.cnbc.com/id/35535193[10:45] <+rickf> going to be an early day ... gym, errands, doctor appt this pm. might be back for the close
[10:45] <+rickf>
[10:48] * codehead_afk is now known as codehead
[10:59] <+jbuch> had a failed wedge broke 2 ticks below theLOD and then came came back up above the high of the wedge
[11:01] <+jbuch> should be looking for longs but man hard to do after that plunge
[11:01] <+pat255> y
[11:14] <codehead> 10k bid on ES--rarely see that even fakie
[11:14] <+codehead> fakie, gone
[11:16] <+codehead> a little cluster at 1092.00-92.50-93.00
[11:16] <+codehead> then 1089.50
[11:29] <+codehead> long NQ 1793.00 <paper> 6 tick stop
[11:30] <+codehead> gamble on a level at 1792.50
[11:30] <+codehead> either holds or not
[11:30] <+codehead> don't have indicator signal for long
[11:30] <@X> #FuturesTrades Purpose -> 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[11:34] <+codehead> exit half NQ +1.75 <paper>
[11:37] <+codehead> exit remainder NQ +2.50 <paper>
[12:20] <+mo2t> bye all
[13:00] <@X> #FuturesTrades Purpose -> 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[13:14] <+jbuch> not much worth trading since the plunge
[13:17] <+werner> looking at the games here
[13:21] <+codehead> NQ hit a support area, Ym didn't, ES didn't--they both need a little more down, so until downtrend is broken i'd be included to think ES must hit at least 1089.50
[13:21] <+codehead> but signals are still in a bounce
[13:22] <+codehead> NQ bounce was .382 from the earlier bounce
[13:22] <+codehead> 1792.50 is next res, the breakdown + symmetry + .500 bounce
[13:26] <+codehead> dink--hit
[13:44] <+Nesi> i expect ES soon under 1090
[13:44] <+Nesi> imho
[14:27] <@X> #FuturesTrades Purpose -> 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[14:34] <+TraderG> [13:44:17] <Nesi> i expect ES soon under 1090 Nesi, I cann't hold my breath anymore. I am turning blue. How SOON is SOON?
[14:42] <@wrbtrader> Covered Remainder TF Short @ 625.00 --> + 4.5
[15:34] <+rickf> back
[15:35] <+TraderG> well I am done. Lost 2 nice dinners 2day
[15:37] <+rickf> short es 1095.50
[15:45] <rickf2> testing
[15:48] <@wrbtrader> Shorts TF @ 625.00 -> small size
[15:48] <@wrbtrader> 3 only
[15:49] <@wrbtrader> intuition
[15:50] <rickf2> .
[15:51] <+rickf> exitexit 1/2 es 1093.50 +2
[15:55] <+rickf2> exit remainder es 1093.50 +2
[15:55] <+rickf2> exit remainder es 1093.50 +2
[15:57] <+Nesi> Covered all ES Short @ 1093.00 --> - 0.75
[15:57] <@X> #FuturesTrades Purpose -> 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[15:58] <werner> gn all
[16:00] <@wrbtrader> Covered all TF Short @ 623.60 --> + 1.4
[16:00] <@wrbtrader> rush hour traffic
[16:05] <rickf2> testing new irc client
[16:10] <+rickf> hrm
[16:16] <+rickf> will see how it performs tomorrow
[17:02] <@wrbtrader> Take care all and see all tomorrow
[17:02] * 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.
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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