#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 Mar 24 08:10:58 2010
Session Ident: #FuturesTrades
[08:10] * Now talking in #FuturesTrades
[08:10] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[08:51] <@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[09:28] <mo2t>
all
[09:29] <drt>
[09:31] <Sidhartha>
[09:32] <jbuch> morning all
[09:36] <pat255>
all
[09:36] <Nesi> buenos dias all
[09:37] <+pat255>
nesi
[09:40] <@wrbtrader> Blame the gap down on Portugal credit downgrade
[09:41] <+pat255> y
[09:41] <+Sidhartha> OIH rebounding strongly
[09:41] <+jbuch> surprised it isn't further down
[09:43] <Tigerman> Long TF @ 685.2 «« simulator »»
[09:43] <+Tigerman> 2 only
[09:43] <+Tigerman> Exited 1/2 TF Long @ 685.2 --> 0 «« simulator »»
[09:43] <+Tigerman> sorry I mean..
[09:43] <+Tigerman> Exited 1/2 TF Long @ 685.3 --> + 0.1 «« simulator »»
[09:44] <+Tigerman> Exited Remainder TF Long @ 685.4 --> + 0.2 «« simulator »»
[09:44] <+Sidhartha> markets confused. looking for direction
[09:44] <+Tigerman> yep
[09:44] <+jbuch> me to
[09:45] <+Tigerman> on my last trade I have to get more points
[09:45] <JimL1> Long TF @ 685.3 «« simulator »»
[09:45] <+JimL1> 2
[09:45] <+Tigerman> but scared no be able to set fast my trail
[09:45] <+Tigerman> so better than nothing
[09:45] <+JimL1> Exited 1/2 TF Long @ 686.3 --> + 1 «« simulator »»
[09:47] <+JimL1> Exited Remainder TF Long @ 685.9 --> + 0.6 «« simulator »»
[09:56] <@wrbtrader> weak support area
[09:57] <@wrbtrader> Long TF @ 684.70 -> small size
[09:57] <@wrbtrader> 3 only
[09:58] <@wrbtrader> pulled the trigger a little too early
[10:00] <+Nesi> Shorts ES @ 1164.75
[10:01] <@wrbtrader> Exited all TF Long @ 685.00 --> + 0.3
[10:03] <Risk> news worse than exp
[10:03] <+Risk> so the market should go up
[10:03] <+Risk> oil news @ 10:30 (in 27 min)
[10:04] <+jbuch> Long ES @ 1165.25
[10:08] <+jbuch> Exited all ES Long @ 1167 --> + 1.75
[10:08] <+pat255> vn
[10:08] <+jbuch> thanks
[10:09] <@wrbtrader> Long TF @ 686.00 -> small size
[10:09] <@wrbtrader> 3 only
[10:09] <@wrbtrader> intuition
[10:11] <@wrbtrader> punks
[10:12] <@wrbtrader> Exited 2/3 TF Long @ 687.40 --> + 1.4
[10:12] <+pat255> vn N ..
[10:12] <+pat255> oil helped
[10:14] <@wrbtrader> Exited Remainder TF Long @ 686.70 --> + 0.7
[10:14] <@wrbtrader> early exit on that remainder
[10:14] <@wrbtrader> kind'uv got lost in the woods
[10:15] * codehead_afk is now known as codehead
[10:15] <+Tigerman> Shorts TF @ 687.8 «« simulator »»
[10:15] <+Tigerman> 1 only
[10:16] <+Tigerman> oops I mean ..
[10:16] <+Tigerman> Shorts TF @ 686.8 «« simulator »»
[10:16] <+Tigerman> Covered all TF Short @ 686.7 --> + 0.1 «« simulator »»
[10:18] <+pat255> Oil news at 10 30 EST
[10:18] <@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[10:26] <+Risk> Shorts GC @ 1092.1 «« simulator »»
[10:27] <+Risk> Covered 1/2 GC Short @ 1091.6 --> + 0.5 «« simulator »»
[10:28] <+Risk> Covered Remainder GC Short @ 1091.6 --> + 0.5 «« simulator »»
[10:28] <@wrbtrader> TF basically choppy
[10:29] <@wrbtrader> Long shadows at the bottom and top
[10:29] <+Sidhartha> yup. not pretty price action
[10:29] <+Sidhartha> market confused as I said earlier
[10:29] <+Sidhartha> best move was in oil
[10:30] <@wrbtrader> Hopefully the 1030am est EIA Petroleum Status report will help it become more directional...at least bring in some additional needed volatility
[10:41] <+pat255> L es 67
[10:41] <@wrbtrader> Gold still the weakest link of all the key markets.
[10:55] <werner>
all
[10:59] <+pat255> geez out b/e
[11:03] <+Sidhartha> zzzzz
[11:05] <+jbuch> nice effort pat and a great exit
[11:05] <+pat255> yeah no move ..
[11:06] <+werner> Shorts NQ @ 1952.25
[11:11] <+werner> Covered all NQ Short @ 1951.25 --> + 1
[11:13] <+werner> cant hold it
[11:15] <+werner>
[11:15] <+Tigerman> Shorts TF @ 683.6 «« simulator »»
[11:15] <+Tigerman> Shorts TF @ 683.6 «« simulator »»
[11:16] <+Tigerman> 2 only
[11:16] <+Tigerman> break support
[11:16] <+Tigerman> Covered 1/2 TF Short @ 683.3 --> + 0.3 «« simulator »»
[11:17] <+Tigerman> Covered Remainder TF Short @ 683.2 --> + 0.4 «« simulator »»
[11:18] <+Sidhartha> Tiger... support from the days low...
[11:19] <+jbuch> Shorts ES @ 1162.5
[11:19] <+Tigerman> yes on Tf was today low
[11:20] <+Tigerman> but all others major inde follow
[11:22] <+JimL1> Long TF @ 682.9 «« simulator »»
[11:22] <+JimL1> 1
[11:22] <+JimL1> Exited all TF Long @ 683.2 --> + 0.3 «« simulator »»
[11:22] <+JimL1> trailing stop tagged, too tight
[11:23] <+jbuch> Covered all ES Short @ 1162.5 --> 0
[11:25] <+jbuch> Shorts ES @ 1162.75
[11:28] <+jbuch> Covered all ES Short @ 1163 --> - 0.25
[11:31] <@wrbtrader> Long TF @ 683.90 -> small size
[11:31] <+jbuch> if 64 holds will try a short 1 more time
[11:31] <@wrbtrader> 2 only
[11:32] <+mo2t> it shold be nice RR of S/R jbuch...
[11:32] <+mo2t> the same on YM and NQ
[11:34] <+jbuch> Shorts ES @ 1163
[11:34] <+jbuch> 1 only
[11:40] <+jbuch> Covered all ES Short @ 1163.5 --> - 0.5
[11:41] <+jbuch> Long ES @ 1163.75
[11:45] <@wrbtrader> TF on its own because there's no help from DAX, Gold, Oil or others.
[11:46] <@wrbtrader> Everybody is ranging in a low volatility price action the past 30 mins or so.
[11:48] <@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[11:49] <@wrbtrader> Exited all TF Long @ 684.30 --> + 0.4
[11:50] <@wrbtrader> The goal was greater than +1.2 but the price action not getting the support it needs to move that far.
[11:50] <@wrbtrader> At least while I'm here in front of the computer.
[11:50] <+pat255> y
[11:50] <+mo2t> anybody use Infinity / Transact? Some issues now... cant connect
[11:50] <@wrbtrader> Anyways...going to lunch...can't watch the paint dry any more today.
[11:51] * wrbtrader is now known as wrbtrader_away
[11:51] <+Tigerman> wrb yep creepy up trend with low vola
[11:51] <+jbuch> Exited all ES Long @ 1163.75 --> 0
[11:51] <+jbuch> fourth scratch taking a breather
[12:17] <+werner> Long NQ @ 1951.00
[12:21] <+werner> this market is killing for daytraders
[12:21] <+werner> what a mess
[12:26] <+werner> better to sit in the garden with a whisky
[12:27] <+jbuch> that is a fine idea
[12:27] <+werner>
[12:36] <+jbuch> good hold werner
[12:36] <+werner> pff
[12:53] <+werner> Exited all NQ Long @ 1952.50 --> + 1.5
[12:53] <+werner> what a bad market
[12:53] <+codehead> short YM 10810 <paper> stop 10821
[12:53] <+codehead> reluctant to trade right now real, keeping busy
[12:54] <+jbuch> yes horrible but great patience werner
[12:55] <+werner> tx
[12:56] <+Risk> i think i am cured from doing stupidities in FX
[12:56] <+Risk> I was selling against the up trend
[12:57] <+Risk> I don't know why in futures and etf's I stopped doing this but continued in FX....
[12:57] <+Risk> probably b/c my FX account is so small that it did not matter one way or another
[12:58] <+Risk> took me 4-5 years to get to this point in FX
[12:58] <+Risk> in Futures less than 2
[12:58] <+Risk> go figure
[12:59] <+codehead> exit half YM +8 <paper>
[13:02] <+codehead> exit remainder Ym +17 <paper>
[13:02] <+codehead> see, now why didn't i take that
[13:04] <+werner> risk ..why is fx difficult as futures
[13:05] <+Risk> i don't understand the question?
[13:05] <+werner> ow sorry my englisch ....
[13:06] <+Risk> it's ok
[13:06] <+Risk> r u asking why is there a difference between FX and Futures?
[13:07] <+werner> you need 4/5 years for fx and 2 years for futures like ...ym es nq
??
[13:07] <+werner> yes
[13:07] <+Risk> the difference was in my attitude towards the 2
[13:08] <+Risk> FX was like a hobby that I started many years ago while I was doing other things
[13:08] <+Risk> Futures is something that I have a lot more at stake with
[13:09] <+Risk> also, FX is manipulated more the Futures so i would not dare risking too much $$$ in FX
[13:09] <+Risk> trading FX is like satisfying my gambling addiction (if I have such an addiction)
[13:10] <+Sidhartha> you really think FX is more manipulated...
You would need some serious firepower oto manipulate FX... many times more than ES...
[13:10] <+werner> ok I understand
[13:10] <+Risk> win aliitlle, lose a little, it is like going to a Market but staying at home
[13:11] <+Risk> don't get me wrong, I am not consistantly profitable in Futures (ETFs) but I c the light at the end of the tunnel (I hope it is not another train heading my way)
[13:15] <+werner> believe in yourself
[13:15] <@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[13:17] <+werner> Shorts NQ @ 1949.00
[13:17] <+werner> 47.75 must go out .....
[13:19] <+werner> its prev weekly high
[13:21] <+JimL1> Shorts TF @ 683.8 «« simulator »»
[13:21] <+JimL1> 2
[13:22] <+JimL1> Covered 1/2 TF Short @ 683.3 --> + 0.5 «« simulator »»
[13:23] <+JimL1> Covered Remainder TF Short @ 683.6 --> + 0.2 «« simulator »»
[13:24] <+werner> Covered all NQ Short @ 1948.75 --> + 0.25
[13:25] <+werner> diner here ...
[13:47] <+codehead> GOOG greeen, first time today
[13:47] <+codehead> AAPL dam strong sitll
[14:03] <+werner> Shorts NQ @ 1948.50
[14:07] <+mo2t> no trade today. end for now, too hungry... bye
[14:11] <+JimL1> Shorts TF @ 684.3 «« simulator »»
[14:11] <+JimL1> 1
[14:12] <+werner> Covered all NQ Short @ 1949.50 --> - 1
[14:17] <+JimL1> Covered all TF Short @ 684.5 --> - 0.2 «« simulator »»
[14:20] <+codehead> the good news is i'm at an 86% winning percentage today on trades
[14:20] <+codehead> 6-1
[14:20] <+codehead> the bad news is winners so tiny, i'm down $6 on the day
[14:21] <+codehead> and i let the loser hit my stop instead of scratching out
[14:24] <+Sidhartha> it's been a frustrating day... had a poor start out of the gate. managed to scratch it all back. hard work. I think I'd rather be breaking rocks on a chain gang... ;-)
[14:32] <+codehead> hehe
[14:34] <Hen> Sidhartha how is the weather in the UK today?
[14:38] <+Risk> i noticed that if my day starts bad, 4 whatever reason, I should not b trading b/c it will end with a loss
[14:43] <+Sidhartha> Hen, not bad... can I ask what your obsession with the UK weather is...
!!
[14:43] <+Sidhartha> I'd rather be in California... give you a clue!
[14:44] <+Hen> Because it's the belief that the UK is always cold and rainy
[14:45] <+Sidhartha> Ha
[14:45] <@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[14:45] <+Sidhartha> No... actually we get our fair share of blue skies... weather actually been quite nice of late. but it aint California...
[14:46] <+Hen> Yep, it's nice today. Sunny and pleasant
[14:46] <+Sidhartha> where in california are you...
[14:46] <+Hen> San Francisco Area
[14:46] <+codehead> nice day here in so cal
[14:46] <+codehead> beautiful
[14:47] <+Sidhartha> nice
[14:47] <+Hen> So it's 6:47pm there
[14:48] <+Sidhartha> yup
[14:48] <+Risk> 5:47
[14:48] <+Risk> no?
[14:48] <+Sidhartha> 6.47
[14:49] <+Hen> The time change in the UK takes effect on Saturday?
[14:49] <+Sidhartha> the US went summer time the weekend before last
[14:49] <+Risk> exactly
[14:49] <+Sidhartha> so the usual 5 hours becomes 4 for two weeks
[14:49] <+Risk> I am in Toronto and the time diff is 3 hours
[14:49] <+Risk> it is 2:49 PM here
[14:49] <+Risk> so in Cal it should b 5:49
[14:50] <+Risk> sorry it should b 3 hours behind
[14:50] <+Risk> so 11:49
[14:51] <+Sidhartha> dark here now
[14:51] <+Risk> told u
[14:51] <+Risk> when a day starts bad >> do nothing
[14:51] <+Risk> I thought u r talking about the time in Cal not in UK
[14:52] <+Risk> a senior's moment
[14:52] <+Sidhartha> hang in there Risk...
[14:52] <+Risk>
))
[14:52] <+Sidhartha> things can only get better
[14:52] <+Sidhartha> !
[14:52] <+Risk> i am bored to death
[14:53] <+Risk> u know the joke about Sadam?
[14:53] <+Sidhartha> tell me... this market is painful
[14:53] <+Risk> somebody told him to go to hellso he went up 2 flights of stairs
[14:54] <werner> Shorts NQ @ 1948.75
[14:54] <+Sidhartha> nice!
[14:55] <+Risk> werner has balls
[14:56] <+Sidhartha> looking for 1947.75 again werner...
[14:56] <+werner> mm ...ask my wife
[14:56] <+Risk>
)))
[14:56] <+Risk> u r funny
[14:56] <+codehead> all macds sitting on zero line, mkt tryign to decide
[14:57] <+Risk> in the serial CSI Miami they have a transparent curved LCD screen. I want one
[14:57] <+werner> 47.75 again sup
[14:57] <+Risk> NEC makes a curved 43" screen >>> 8K$
[14:57] <+Risk> but it is not transparent
[14:58] <+Sidhartha> this market has been pretty clueless all day
[14:58] <+werner> mm and now??
[15:01] <+JimL1> Shorts TF @ 683.1 «« simulator »»
[15:01] <+JimL1> 1
[15:01] <+JimL1> Covered all TF Short @ 683.3 --> - 0.2 «« simulator »»
[15:01] <+codehead> GOOG sitll moving up
[15:06] <+werner> Covered all NQ Short @ 1949.75 --> - 1
[15:06] <+werner> Long NQ @ 1950.50
[15:08] <+JimL1> Shorts TF @ 683.5 «« simulator »»
[15:08] <+JimL1> 2
[15:09] <+JimL1> Covered 1/2 TF Short @ 683.2 --> + 0.3 «« simulator »»
[15:10] <+JimL1> exit stop lowered TF @ 683.2 «« simulator »»
[15:10] <+JimL1> Trailing Stop Hit TF @ 683.2 --> + 0.3 «« simulator »»
[15:14] <+werner> Exited all NQ Long @ 1948.50 --> - 2
[15:15] <+werner> Shorts NQ @ 1948.50
[15:17] <+JimL1> Shorts TF @ 682.6 «« simulator »»
[15:17] <+JimL1> 1
[15:19] <+werner> Covered all NQ Short @ 1949.00 --> - 0.5
[15:19] <+JimL1> Covered all TF Short @ 682.9 --> - 0.3 «« simulator »»
[15:22] <+werner> Long NQ @ 1950.00
[15:35] <+Risk> go werner go
[15:36] <+werner> Exited all NQ Long @ 1953.00 --> + 3
[15:36] <+Risk>
[15:37] <+werner> thnx
[15:37] <+werner> ...need it
[15:45] <+Risk> Shorts TF @ 1086.5 «« simulator »»
[15:45] <+Risk> GC not TF
[15:47] <+Risk> Covered 1/2 TF Short @ 1086.1 --> + 0.4 «« simulator »»
[15:48] <+Risk> Covered Remainder TF Short @ 1086.3 --> + 0.2 «« simulator »»
[16:00] <+werner> Long NQ @ 1950.50
[16:01] <+werner> ow damm its time
[16:02] <+werner> Exited all NQ Long @ 1951.25 --> + 0.75
[16:03] <+werner> gn all
[16:04] <+Tigerman> gn all takr care c ya next time
[16:15] <@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[16:22] <@wrbtrader_away> Take care all and see all tomorrow...
[16:22] <@wrbtrader_away> I didn't do any trading this afternoon due to some late tax stuff I needed to prepare for my tax accountant.
[16:23] <@wrbtrader_away> Meant...it's not late...just some stuff I forgot to prepare for him so that he can do my taxes this year.
[16:23] <@wrbtrader_away> Bye.
Session Close: Wed Mar 24 16:45:57 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 Commonly discussed trading instruments from futures, exchange traded funds and forex currencies:
CME Emini Futures EMD, ES and NQ
ICE Emini TF Futures (formerly CME ER2)
CBOT mini-sized Dow Futures YM
Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50
Eurex Fixed Income Derivatives (futures) BUND, BOBL and Schatz
Euronext Futures FTSE-100 and CAC-40
CME Futures EuroFX 6E and EC
Treasury Futures T-Notes ZT, ZN, ZF and T-Bonds ZB
Forex Currencies GBPUSD, EurUsd, EurYen and UsdCdn
Exchange Traded Funds BGU, DIA, FAS, FAZ, GLD, IWM, QQQQ, SPY, OIH, TNA and XLE
NYMEX Energy Futures Light Crude Oil CL, e-miNY QM and Natural Gas NG
COMEX Metal Futures Gold GC, mini-Gold YG, Copper HG and Silver SI
Hang Seng Index Futures HSI and mini-Hang Seng MHI
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)
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