#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: Thu Feb 25 09:01:35 2010
Session Ident: #FuturesTrades
[09:01] * Now talking in #FuturesTrades
[09:01] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:03] <rickf>
[09:04] <@wrbtrader> Good morning all
[09:04] <werner>
rickf,wrbtrader
[09:04] <+rickf> hi werner, all
[09:05] <@wrbtrader> I may get disconnected because there's some local power problems due to the current big snow storm here. Already been disconnected two times in the past few hours.
[09:06] <+rickf> enjoy
we had our snowy fun 2 weeks ago
[09:10] <+werner> ski holiday
[09:12] <+werner> ow lol ...you mean snow storm conection props...lol
[09:13] <+rickf> blizzard
[09:13] <+rickf> like 25" snow
[09:14] <+werner> wow
[09:15] <+rickf> still got a lot on the ground too
[09:15] <+rickf> but more grass is visible again after 2 weeks
[09:16] <+werner>
[09:17] * codeheadX is now known as codehead
[09:24] <@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[09:29] <drt>
everyone
[09:29] <TraderG> Looks like another big dump is heading towards Montreal and Quebec City. Hopefully it will miss Toronto
[09:29] <+TraderG> Look @ the bright side. It is good for tourism
[09:30] <+werner> Shorts NQ @ 1791.00
[09:32] <+werner> Covered all NQ Short @ 1784.00 --> + 7
[09:33] <+werner> jam jam
[09:35] <+rickf> vn werner
[09:35] <+rickf> bernanke on again
[09:36] <+werner> thnx rickf
[09:41] <@wrbtrader> Looks like Bernanke spooked the market around 9am est with his speech
[09:42] <+rickf> he wasnt talking at 9 i dont think
[09:42] <+rickf> and he's gonna say the same thing today to the senate anyway
[09:42] <+TraderG> he is talking now
[09:42] <+TraderG> started @ 9am
[09:42] <+rickf> oh
[09:42] <@wrbtrader> Ok...I still have him on the econo calendar for 9am est
[09:42] <screenstruck> Initial jobless claims rose too
[09:43] <+screenstruck> 496 k from 474
[09:43] <+TraderG> u can here him on Bloom
[09:43] <+TraderG> hear
[09:43] <@wrbtrader> Yeah...jobless claims start the first leg down
[09:43] <@wrbtrader> Bernanke started the 2nd leg down
[09:43] <+screenstruck> heh
[09:44] <@wrbtrader> Their dancing partners today
[09:45] <@wrbtrader> Shorts TF @ 620.50 -> small size
[09:45] <@wrbtrader> 3 only
[09:45] <+rickf> es down 18 by 0945, down 12 at the open ... feels like 2008
[09:45] <@wrbtrader> geeesh
[09:46] <@wrbtrader> I was thinking at 622 that maybe it's a good time to Short...
[09:46] <@wrbtrader> Look at my entry
[09:46] <@wrbtrader> I'm thinking too much this morning
[09:46] <@wrbtrader> Need to react faster
[09:49] <@wrbtrader> Covered all TF Short @ 619.70 --> + 0.8
[09:51] <@wrbtrader> Long TF @ 620.50 -> small size
[09:51] <@wrbtrader> 3 only
[09:51] <@wrbtrader> trade error but I'm going to hold it
[09:55] <+TraderG> news in 4 min
[09:57] <@wrbtrader> Exited 2/3 TF Long @ 621.90 --> + 1.4
[09:57] <@wrbtrader> Exited Remainder TF Long @ 622.10 --> + 1.6
[10:01] <TLancer> Shorts TF @ 621.6 «« simulator »»
[10:01] <+TLancer> 3
[10:01] <+TLancer> Covered 1/3 TF Short @ 621.1 --> + 0.5 «« simulator »»
[10:02] <+TraderG> time on news changed to TENTATIVE
[10:02] <+TLancer> Covered 2/3 TF Short @ 620.5 --> + 1.1 «« simulator »»
[10:03] <+TLancer> Covered Remainder TF Short @ 621.4 --> + 0.2 «« simulator »»
[10:04] <+screenstruck> what news was it?
[10:05] <+screenstruck> I am missing it on econoday
[10:06] <+rickf> premarket news
[10:07] <+rickf> Durable Goods Orders obless Claims
[10:10] <jbuch> HPI was supposed to be 10 est.
[10:10] <+rickf>
http://fidweek.econoday.com/byshowevent ... r=2010#top[10:10] <+rickf> it cam eout
[10:11] <+TLancer> Shorts TF @ 621.7 «« simulator »»
[10:11] <+TLancer> 2
[10:11] <+screenstruck> thanks
[10:11] <+TLancer> Covered all TF Short @ 621.5 --> + 0.2 «« simulator »»
[10:11] <+rickf> np
[10:11] <+jbuch> thanks
[10:12] <+jbuch> not showing up on forex calendar
[10:17] <+rickf> dont look @ me i don't run the calendar
[10:18] <+screenstruck> chop fest
[10:20] <+rickf> yup
[10:24] <+TraderG> this latest news fluctuates alot but it is the 2nd worst in a year
[10:26] <@wrbtrader> Yeah...it's the reason why I use 2 different calendar...one catches what the other misses.
[10:30] <+rickf> short tf 622 paper
[10:35] <@wrbtrader> It's trying to get above the "low volatility trading range".
[10:35] <+rickf> yes
[10:38] <+TLancer> am session is a big ascending wedge @ base of overnight lows, its building abig big move
[10:40] <+rickf> exit tf 621.8 + .2
[10:41] * +rickf took too long to move ... am testing bracket orders
[10:42] <+rickf>
[10:54] <@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[11:04] <+werner> Shorts NQ @ 1785.25
[11:06] <+werner> Covered all NQ Short @ 1786.00 --> - 0.75
[11:08] <+werner> Shorts NQ @ 1786.50
[11:11] <+werner> Shorts NQ @ 1788.25 -> Add
[11:15] <+werner> Covered all NQ Short @ 1786.00 --> + 2.75
[11:15] <+werner> cant hold it
[11:15] <+werner>
[11:19] <+werner> come on nq break bc
[11:20] <+werner> Shorts NQ @ 1785.0
[11:20] <+werner> Shorts NQ @ 1785.50
[11:20] <+werner> sorry
[11:23] <+werner> Covered all NQ Short @ 1784.50 --> + 1
[11:24] <+werner> Shorts NQ @ 1784.50
[11:26] <+werner> Covered all NQ Short @ 1785.50 --> - 1
[11:26] <+werner> better sit on my hands
[11:27] <+werner> but i think is short
[11:29] <+werner> it is
[11:39] <+werner> Shorts NQ @ 1785.00
[11:50] <+rickf> back
[11:56] <+werner> Covered all NQ Short @ 1782.25 --> + 2.75
[11:56] <+werner> pffffff
[11:57] <+werner>
[12:00] <+werner> i think it is still short
[12:02] <+werner> am i allone thinking that?
[12:05] <+werner> mmm i think everyone is a
[12:06] <+TraderG> I am awake
[12:06] <+TraderG> I think
[12:06] <+werner> but it is am time there....here it is pm time
[12:07] <+TraderG>
true
[12:07] <+werner> lol traderG
[12:08] <+TraderG> werner do u c a strange window in your mirc?
[12:10] <+werner> sorry yes i see now ...but i see normal only the desktop
[12:21] <@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[12:26] <+rickf> am short es from 1089.25 paper
[12:32] <+rickf> out es 1088.50 +.75 paper
[12:40] <@wrbtrader> Long TF @ 621.30 -> small size
[12:40] <@wrbtrader> 2 only
[12:46] <@wrbtrader> For those that have a decent computer and want to watch the olympics live on their computer monitor...go to
http://www.ctvolympics.ca[12:46] <@wrbtrader>
[12:47] <@wrbtrader> volatility declining fast
[12:47] <@wrbtrader> will tighten my stop
[12:53] <@wrbtrader> Exited all TF Long @ 621.40 --> + 0.1
[12:54] <+rickf> short es 1089.75 paper
[13:13] <MK> Covered all ES Short @ 1089.50 --> + 25.5 «« simulator »»
[13:14] <+rickf> flat at 1089 +.75 paper
[13:23] <+MK> Long ES @ 1089.75 «« simulator »»
[13:23] <@wrbtrader> My latest chart for intermarket analysis @
http://chart.ly/qwmw8t[13:24] <winmax60> thanks..wrbtrader...
[13:41] <+screenstruck> thanks a lot
[13:46] <@wrbtrader> Nice looking volatility spike
[13:46] <@wrbtrader> Has a chance to retrace that price action of 0830am est
[13:47] <@wrbtrader> Long TF @ 623.90 -> small size
[13:47] <@wrbtrader> 1 only
[13:47] <@wrbtrader> looking only for a few ticks
[13:48] <@wrbtrader> Exited TF Long @ 625.00 --> + 1.1
[13:48] <@wrbtrader> geeesh
[13:48] <@wrbtrader> got much more
[13:48] <+screenstruck> heh
[13:48] <+screenstruck> loving it
[13:49] <@wrbtrader> Now I wish I had a position size error and had loaded the boat on that trade
[13:49] <+screenstruck> exited to early..... i should remove covering bracket
[13:49] <+screenstruck> i dont think the platform supports it... its OCO bracket or none.... will probably just use target as really far out
[13:51] <@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[13:58] <+MK> Exited all ES Long @ 1095.25 --> + 5.5 «« simulator »»
[14:06] <+MK> Shorts ES @ 1097.50 «« simulator »»
[14:17] * Looking up jigglyhippo user info...
[14:21] <+jbuch> Long ES @ 1096.25
[14:23] <+rickf> short es 1097.50
[14:23] <+rickf> back live
[14:27] <+rickf> exit es 1087 +.50
[14:27] <+rickf> 1097
[14:28] <+jbuch> Exited all ES Long @ 1097.5 --> + 1.25
[14:28] <+rickf> wtg
[14:29] <+jbuch> thanks
[14:29] <+TLancer> Shorts TF @ 626.6 «« simulator »»
[14:29] <+TLancer> 1
[14:29] <+jbuch> there saying this was caused by Apple
[14:30] <+rickf> why?
[14:31] <+jbuch> doing a 4 split or something
[14:31] <+jbuch> but just a rumor
[14:31] <jigglyhippo> yeah just read that
[14:31] <+TLancer> Covered all TF Short @ 625.8 --> + 0.8 «« simulator »»
[14:33] <+jbuch> always has to be something
)
[14:34] <+TLancer> Shorts TF @ 626.6 «« simulator »»
[14:34] <+TLancer> 1
[14:35] <+jbuch> was going to go long at 96 but pussed out
[14:35] <codehead> i'm in class today, taking a demo
[14:35] <+TLancer> Covered all TF Short @ 626.4 --> + 0.2 «« simulator »»
[14:35] <+jbuch> come on back down here darling
[14:36] <@wrbtrader> Long TF @ 626.50 -> small size
[14:36] <@wrbtrader> 2 only
[14:37] <+codehead> btw, ES lod was a tick from .382 retrace on the regular session (1040.75 low to 1111.00 high)
[14:39] <@wrbtrader> Exited all TF Long @ 625.90 --> - 0.6
[14:40] <@wrbtrader> range has set in again.
[14:40] <+jbuch> Long ES @ 1096 -> small size
[14:40] <@wrbtrader> Hopefully it won't last like it did yesterday
[14:45] <+jigglyhippo> code what type of school are you in?
[14:47] <+codehead> software trial, i'll answer privately
[14:47] <+jbuch> break on up there darling
[14:47] <+TLancer> Long TF @ 626.6 «« simulator »»
[14:47] <+TLancer> 2
[14:48] <+jigglyhippo> lol
[14:48] <+jigglyhippo> i think youll get it
[14:49] <+TLancer> Exited all TF Long @ 626.1 --> - 0.5 «« simulator »»
[14:49] <+jbuch> Exited all ES Long @ 1095.75 --> - 0.25
[14:50] <+jbuch> oops
[14:50] <+jbuch> Exited all ES Long @ 1096.75 --> + 0.75
[14:50] <+jbuch> got greedy there
[14:55] <+TLancer> Long TF @ 625.9 «« simulator »»
[14:55] <+TLancer> 2
[14:57] <+TLancer> Exited 1/2 TF Long @ 626.5 --> + 0.6 «« simulator »»
[14:59] <+TLancer> Exited Remainder TF Long @ 626.2 --> + 0.3 «« simulator »»
[14:59] <+rickf> chop yhop
[15:04] <+jbuch> love to c it dip below support and power back up
[15:05] <+jbuch> Long ES @ 1097
[15:06] <+jbuch> Exited all ES Long @ 1099.25 --> + 2.25
[15:09] <+MK> Shorts ES @ 1099 -> Add «« simulator »»
[15:09] <+jbuch> probably should not have dumped that
[15:09] <+jbuch> but man is it choppy
[15:11] <+jbuch> got to love wedges
[15:12] <+jbuch> has anyone done a study to see how often wedges break out the way they come in
[15:14] <+TLancer> patternsite.com
[15:21] <@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[15:22] <hypr> jbuch: bullwolskis book on chartpatterns has data on every pattern
[15:22] <+hypr> how ever u spell his name
[15:22] <+TraderG> Bulkowsky
[15:22] <+MK> has anyone setup an LLC or Corp for trading?
[15:23] <+TLancer> Shorts TF @ 626.8 «« simulator »»
[15:23] <+TLancer> 2
[15:25] <+TLancer> Covered all TF Short @ 626.7 --> + 0.1 «« simulator »»
[15:26] <+TLancer> whoa, traqiling stop just dropped
[15:26] <+TLancer> & got whacked immed
[15:34] <+jbuch> thanks hyper
[15:34] <+jbuch> sorryjust noticed ur post
[15:34] <+screenstruck> yeah buyt he only studies long only patterns
[15:35] <+jbuch> I need to figure out how to program
[15:35] <+screenstruck> or you could use linnsoft :D
[15:36] <+jbuch> did a manual one about a year ago looked at about 200 ex
[15:36] <+jbuch> had a reallyhigh percentage
[15:37] <@wrbtrader> Ok...just got back from doing some heavy snow blowing outside into the snow storm
[15:37] <+jbuch> and also a pretty high percentage of break that come back to test the pivot
[15:37] <+jbuch> like this 1did
[15:37] <+screenstruck> what snow? 68 here :D
[15:41] <@wrbtrader> Long TF @ 628.70 -> small size
[15:42] <@wrbtrader> 3 only
[15:42] <@wrbtrader> punks
[15:44] <@wrbtrader> Exited 2/3 TF Long @ 629.80 --> + 1.1
[15:44] <+MK> Shorts ES @ 1102 -> Add «« simulator »»
[15:45] <@wrbtrader> trail tighten
[15:47] <@wrbtrader> Exited Remainder TF Long @ 630.50 --> + 1.8
[15:47] <@wrbtrader> ooopd
[15:47] <@wrbtrader> Exited Remainder TF Long @ 629.50 --> + 0.8
[15:52] <@wrbtrader> Good resistance but that 4pm est rush hour traffic can always be weird
[15:53] <@wrbtrader> Shorts TF @ 628.60 -> small size
[15:53] <@wrbtrader> 1 only
[15:54] <@wrbtrader> Covered TF Short @ 628.30 --> + 0.3
[15:54] <+jbuch> ma to give this market creditn you have
[15:54] <+jbuch> all this bad news and it wont break down
[15:55] <@wrbtrader> Long TF @ 629.90 -> small size
[15:55] <@wrbtrader> 1 only
[15:55] <@wrbtrader> Yeah...it held up nicely under the bad news
[15:55] <@wrbtrader> ooops
[15:55] <@wrbtrader> Long TF @ 628.90 -> small size
[16:05] <@wrbtrader> Exited TF Long @ 629.30 --> + 0.4
[16:05] <@wrbtrader> TF didn't want to go to 630 again
[16:05] <+rickf> see y'all tomorrow ... nice trading into the close, guys
[16:06] <@wrbtrader> Take care all and see all tomorrow
[16:06] * wrbtrader is now known as wrbtrader_away
[16:06] <+werner> gn all
[16:13] <+codehead> pretty close to gap fill on ES, NQ did it a while ago
[16:15] <+jbuch> bought some spy for my long term account
[16:51] <@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-------------------------
#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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