#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 24 09:24:24 2010
Session Ident: #FuturesTrades
[09:24] * Now talking in #FuturesTrades
[09:24] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:26] <rickf>
[09:27] <screenstruck1> new home sales at 10 too
[09:28] <rickf> .
[09:29] <drt>
all
[09:31] <Nesi> Shorts ES @ 1097.50
[09:34] <mo2t> hi all
[09:35] <werner>
all
[09:36] <@wrbtrader> Long TF @ 626.10 -> small size
[09:36] <@wrbtrader> 2 only
[09:37] <@wrbtrader> So far...it's a little messy out of the gate.
[09:37] <+rickf> yeah big day in DC
[09:37] <+Nesi> Shorts ES @ 1098.00 -> Add
[09:38] <@wrbtrader> On more long upper shadow has formed...not a good sign for my Long position
[09:38] <@wrbtrader> tightning my stop
[09:40] <@wrbtrader> Exited all TF Long @ 626.20 --> + 0.1
[09:40] <@wrbtrader> will wait for a volatility spike to break out of this tight trading range
[09:44] <@wrbtrader> With a key economic report @ 10am est and FED Chairman Bernanke schedule to give a speech or testimony or whatever...things should start getting more excited around 0950am est
[09:45] <+Nesi> Covered all ES Short @ 1099.75 --> - 4
[09:45] <@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[09:49] <TLancer> Shorts TF @ 628.1 «« simulator »»
[09:49] <+TLancer> 1
[09:49] <jbuch> Long ES @ 1100.25
[09:50] <+rickf> long es 1100.50
[09:50] <+TLancer> Covered TF Short @ 628.5 --> - 0.4 «« simulator »»
[09:50] <+TLancer> Reverse and Enter Long TF @ 628.5 «« simulator »»
[09:51] <+screenstruck1> dollar index plunging
[09:51] <+TLancer> Long TF @ 628.2 -> Add «« simulator »»
[09:51] <+jbuch> Exited all ES Long @ 1101.25 --> + 1
[09:51] <+screenstruck1> maybe plunging is too strong
[09:52] <+rickf> exit es 1101.25 +1.25
[09:52] <@wrbtrader> We're out of that tight trading range...will try to ride the next volatility spike that takes prices up or down
[09:52] <+rickf> opps .75 can't add
[09:53] <+TLancer> Exited 1/2 TF Long @ 628.8 --> + 0.6 «« simulator »»
[09:54] <@wrbtrader> TF almost retraced the key price area of yesterday's initial big drop
[09:55] <@wrbtrader> Long TF @ 629.30 -> small size
[09:55] <@wrbtrader> 2 only
[09:56] <@wrbtrader> trading the breakout of yesterday's key price drop
[09:56] <+TLancer> Exited Remainder TF Long @ 629.4 --> + 0.9 «« simulator »»
[09:58] <@wrbtrader> Exited all TF Long @ 629.50 --> + 0.2
[09:58] <@wrbtrader> stalling
[10:00] <+Nesi> Shorts ES @ 1100.00
[10:00] <+Nesi> Shorts ES @ 1099.00 -> Add
[10:00] <+screenstruck1> home sales plunge
[10:00] <+screenstruck1> 11.2 %
[10:00] <@wrbtrader> Shorts TF @ 727.30 -> small size
[10:00] <@wrbtrader> 3 only
[10:01] <+Nesi> exit stop set ES @ 1102.25
[10:01] <+rickf> 309K actual versus 360K consensus
[10:01] <+rickf> damn
[10:01] <@wrbtrader> correction
[10:01] <@wrbtrader> Shorts TF @ 627.30 -> small size
[10:02] <@wrbtrader> not 727.30
[10:04] <+jbuch> Shorts ES @ 1099.25
[10:05] <+rickf> short es 1098.75
[10:05] <@wrbtrader> Shorts TF @ 627.60 -> Add
[10:05] <@wrbtrader> 3 added
[10:06] <+jbuch> Covered all ES Short @ 1098 --> + 1.25
[10:06] <@wrbtrader> too slow on the add...was able to grab 628.40 and did too much overanalysis about such
[10:07] <+rickf> exit es 1098.50 stopped +.25
[10:08] <@wrbtrader>
[10:08] <@wrbtrader> geeesh
[10:08] <@wrbtrader> volatility drying up
[10:08] <@wrbtrader> it's too early for such
[10:09] <+rickf> another reason why i have stopped using stops regularly
[10:09] <+rickf> %#$##%$%$
[10:09] <+rickf> is all i shall say -- other than 'live and learn'
[10:11] <@wrbtrader> Covered 1/2 TF Short @ 626.20 --> + 1.4
[10:13] <@wrbtrader> I'm surprise I have "patience" this morning...it's been the main problem in my trading since that crazy volatility left the markets December of 2008.
[10:13] <@wrbtrader> Meant...the lack of patience has been a problem in my trading since Dec 2008
[10:20] <+rickf>
[10:21] <@wrbtrader> Covered TF Short @ 624.50 --> + 2.8
[10:21] <@wrbtrader> Holding 1 contract remainder
[10:22] <+jbuch> bernie on
[10:23] <@wrbtrader> Yep...godfather of the mob himself
[10:23] <TraderG> oil news in 7 min
[10:24] <+TLancer> Shorts TF @ 625.82 «« simulator »»
[10:24] <+TLancer> 2
[10:24] <+TLancer> Covered 1/2 TF Short @ 625.3 --> + 0.52 «« simulator »»
[10:25] <+TLancer> Covered Remainder TF Short @ 625.6 --> + 0.22 «« simulator »»
[10:25] * codehead_afk is now known as codehead
[10:26] <@wrbtrader> Covered Remainder TF Short @ 626.50 --> + 0.8
[10:26] <@wrbtrader>
[10:26] <@wrbtrader> Thought that was a safe trail.
[10:29] <+TLancer> Shorts TF @ 626.4 «« simulator »»
[10:29] <+TLancer> 2
[10:30] <+TLancer> Covered 1/2 TF Short @ 625.9 --> + 0.5 «« simulator »»
[10:32] <+TLancer> Covered Remainder TF Short @ 626.3 --> + 0.1 «« simulator »»
[10:38] <@wrbtrader> There's been some nice retracements of strong directional price movements today so far
[10:38] <@wrbtrader> Good for Longs and Shorts
[10:40] <@wrbtrader> Impressive
[10:43] <+TLancer> Long TF @ 629.3 «« simulator »»
[10:43] <+TLancer> 1
[10:45] <+jbuch> Long ES @ 1101
[10:45] <+TLancer> Exited all TF Long @ 630.2 --> + 0.9 «« simulator »»
[10:45] <+Nesi> Covered all ES Short @ 1102.00 --> - 5
[10:45] <+TLancer> fumbled target plcmnt
[10:46] <+jbuch> was trying to add 1 at 110.25
[10:47] <+TLancer> fumbled while trying add 1 & screwed the pooch on both :<
[10:48] <+jbuch> Exited all ES Long @ 1103.75 --> + 2.75
[10:49] <+jbuch> no reason to get out
[10:49] <+jbuch> but nervous with bernie on
[10:50] <@wrbtrader> understandable with the way things have been retraced
[10:52] <+Nesi> Shorts ES @ 1102.75
[10:54] <+TLancer> Shorts TF @ 631.5 «« simulator »»
[10:54] <+TLancer> 1
[10:55] <pdays> Shorts TF @ 631.4
[10:55] <+pdays> Covered all TF Short @ 631.1 --> + 0.3
[10:56] <+TLancer> Covered all TF Short @ 6312 --> - 5680.5 «« simulator »»
[11:00] <+Nesi> Shorts ES @ 1103.00 -> Add
[11:01] <+TLancer> Shorts TF @ 630.6 «« simulator »»
[11:01] <+TLancer> 1
[11:04] <+TLancer> Shorts TF @ 630.9 -> Add «« simulator »»
[11:04] <+TLancer> 1
[11:06] <+TLancer> Shorts TF @ 631.2 -> Add «« simulator »»
[11:06] <+TLancer> 1
[11:09] <+jbuch> man these senators are idiots
[11:10] <+TLancer> Covered all TF Short @ 630.7 --> + 0.4 «« simulator »»
[11:11] <@wrbtrader> Long TF @ 631.00 -> small size
[11:12] <@wrbtrader> 1 only
[11:13] <@wrbtrader> I'm not looking for much on this unless volatility shows up in my favor
[11:15] <+Nesi> Shorts ES @ 1102.50 -> Add
[11:15] <@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[11:16] <@wrbtrader> Exited TF Long @ 630.20 --> - 0.8
[11:17] <@wrbtrader> Shorts TF @ 630.10 -> small size
[11:17] <@wrbtrader> 1 only
[11:23] <@wrbtrader> Covered TF Short @ 630.00 --> + 0.1
[11:24] <@wrbtrader> I think this is a good time to take a break and go eat lunch...
[11:24] <@wrbtrader> Take care all...be back later.
[11:38] <+rickf> back for a bit
[12:45] <@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[12:46] <MK> Covered all ES Short @ 1094.25 --> + 15 «« simulator »»
[12:50] <+rickf> short es 1102.75
[12:55] <+rickf> out 1102.25 +.50
[12:55] <+rickf> stilll looking lower but just remembered to never short a dull market
[12:57] <+rickf> but then again there's something to be said for being inthe right place @ the right time, too.....
[14:09] <@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[14:18] <+rickf>
[14:18] * rickf is now known as rickf_away
[14:34] <@wrbtrader> Shorts TF @ 628.80 -> small size
[14:34] <@wrbtrader> 2 only
[14:34] <@wrbtrader> I got my key areas mixed up but will hold the trade
[14:38] <@wrbtrader> getting lucky so far
[14:43] <@wrbtrader> Covered all TF Short @ 628.60 --> + 0.2
[14:52] <@wrbtrader> new support area developed
[14:52] <@wrbtrader> too bad I wasn't around to exploit this from the top around the 631 level
[14:53] <@wrbtrader> waiting for a breakout...above or below the contracting volatility that's formed the new support zone
[15:03] <@wrbtrader> Shorts TF @ 627.60 -> small size
[15:03] <@wrbtrader> 2 only
[15:05] <@wrbtrader> back inside that prior contraction area
[15:08] <+jbuch> hey everybody
[15:09] <+jbuch> I see it flatlined again
[15:10] <@wrbtrader> Yep
[15:10] <@wrbtrader> not much happening now
[15:10] <@wrbtrader> tighting my stop
[15:11] <@wrbtrader> Covered all TF Short @ 628.40 --> - 0.8
[15:11] <@wrbtrader> Long TF @ 628.80 -> small size
[15:12] <@wrbtrader> 3 only
[15:18] <@wrbtrader> tight 1 point range now
[15:19] <mo2t> go to YM wrbtrader, there is 10 point range
[15:20] <@wrbtrader>
[15:25] <@wrbtrader> Exited all TF Long @ 628.20 --> - 0.6
[15:25] <@wrbtrader> going nowhere
[15:26] <MK> Shorts ES @ 1101.50 «« simulator »»
[15:28] <@wrbtrader> increasing activity but volatility still contracted
[15:31] <@wrbtrader> something going to give soon
[15:31] <+mo2t> something lik triangle on YM
[15:32] <@wrbtrader> Shorts TF @ 727.60 -> small size
[15:32] <@wrbtrader> 3 only
[15:32] <@wrbtrader> similar area as a prior short
[15:33] <+jbuch> lil bit of vol showed up
[15:33] <@wrbtrader> ooops
[15:33] <@wrbtrader> Shorts TF @ 627.60 -> small size
[15:33] <@wrbtrader> not 727.60
[15:33] <+mo2t> still in a tip of a triangle
[15:34] <+jbuch> Long ES @ 1101.25
[15:35] <@wrbtrader> right back into the contraction
[15:38] <+jbuch> Exited all ES Long @ 1102.75 --> + 1.5
[15:39] <@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[15:40] <@wrbtrader> Covered all TF Short @ 628.80 --> - 1.2
[15:41] <@wrbtrader> It gave a good try but couldn't break away
[15:42] <@wrbtrader> One good thing about this type of contraction...it sets up trades for tomorrow
[15:43] <+jbuch> yeah
[15:43] <@wrbtrader> Shorts TF @ 628.00 -> small size
[15:43] <@wrbtrader> 1 only
[15:45] <@wrbtrader> Covered TF Short @ 628.40 --> - 0.4
[15:46] <@wrbtrader> Long TF @ 628.80 -> medium size
[15:47] <@wrbtrader> 4 only
[15:47] <@wrbtrader> volaetility increasing
[15:49] <+MK> Shorts ES @ 1103 -> Add «« simulator »»
[15:49] <@wrbtrader> rush hour traffic approaching 4pm est close
[15:52] <+jbuch> Long ES @ 1103.25
[15:56] <+jbuch> man that looks a lot better on TF
[15:57] <@wrbtrader> It's above the prior contraction area but not by much
[15:57] <@wrbtrader> tightining my stop just in case it gets suck back down into that contraction
[15:58] <+jbuch> SAME HERE
[15:58] <+werner> gn all
[15:59] <@wrbtrader> Good trading in the morning but not a pretty late afternoon trading session
[15:59] <+jbuch> Exited all ES Long @ 1103.5 --> + 0.25
[16:00] <@wrbtrader> Exited all TF Long @ 629.10 --> + 0.3
[16:01] <+jbuch> been tough the last couple of weeks
[16:01] <@wrbtrader> Long TF @ 629.10 -> small size
[16:01] <@wrbtrader> 1 only
[16:01] <+jbuch> before it tur to crap I was thinking to myself that we were getting into the volatile phase of the season
[16:01] <+jbuch> man was I wrong
[16:03] <@wrbtrader> Exited TF Long @ 629.30 --> + 0.2
[16:03] <+jbuch> good night everyone
[16:03] <@wrbtrader> I'm trying to get back to the $500 level
[16:04] <@wrbtrader> Long TF @ 629.40 -> small size
[16:04] <@wrbtrader> 2 only
[16:05] <@wrbtrader> Someone today told me he's a pure scalper...
[16:06] <@wrbtrader> I asked him how many trades does he average each day (I was guessing about +100)
[16:06] <@wrbtrader> He said 3
[16:06] <@wrbtrader>
[16:06] <@wrbtrader> 3 trades per day and he's a pure scalper
[16:07] <@wrbtrader> Exited all TF Long @ 628.90 --> - 0.5
[16:07] <@wrbtrader> picked pocketed
[16:08] <@wrbtrader> somebody allowed to take that 90
[16:24] <hypr> WEBINAR in 10mins Trading Intraday Momentum and Market Internal Divergences ->
http://connectpro58377496.connectpro.ac ... om_022410/[17:09] <@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[18:03] * codehead is now known as codehead_afk
[18:36] <@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/forumSession Close: Wed Feb 24 20:07:04 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
questions@thestrategylab.comGo Back To TheStrategyLab.com Homepage
