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Therefore, we welcome all traders with their own methods or different perspective of the markets as long as they do not violate our
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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: Mon Mar 15 09:01:42 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.
[09:15] <rickf> mg
[09:16] <+rickf>
[09:22] <OICU812>
[09:29] <drt> m all
[09:29] <+drt>
[09:37] <@wrbtrader> Long TF @ 671.70 -> small size
[09:37] <@wrbtrader> 3 only
[09:37] <+rickf> short es 1142.25
[09:37] <@wrbtrader> oh oh
[09:40] <+rickf> exit es 1142 +.25
[09:40] <+rickf> chickened out
[09:40] <@wrbtrader> Oil and Gold trying to lose their support
[09:42] <@wrbtrader> Exited all TF Long @ 671.80 --> + 0.1
[09:43] <+rickf> short es 1142.25
[09:45] <+rickf> disrregard last - flat
[09:45] <+rickf> missed it
[09:46] <@wrbtrader> Long TF @ 672.80 -> small size
[09:46] <@wrbtrader> 3 only
[09:47] <screenstruck> missed it
[09:48] <@wrbtrader> I had it once but my trailing stop got picked pocketed as soon as I trailed it
[09:48] <+rickf> wtf.....
[09:48] <+rickf> where did that pop come from
[09:48] <@wrbtrader> Exited 1/3 TF Long @ 674.20 --> + 1.4
[09:50] <@wrbtrader> Exited 1/3 TF Long @ 674.30 --> + 1.5
[09:50] <+rickf> short es 1145.25
[09:51] <jbuch> Long ES @ 1145
[09:52] <+jbuch> went to the bathroom and missed that pop
[09:53] <@wrbtrader> I had a "bathroom missed trade" last week that cost me about 2 points
[09:54] <werner>
all
[09:54] <@wrbtrader> Exited Remainder TF Long @ 673.00 --> + 0.2
[09:56] <+rickf> exit es 1143.25 +2
[09:57] <+rickf> fyi will not be trading rest of week ... teaching T-F allday
[09:57] <+jbuch> Exited all ES Long @ 1143.5 --> - 1.5
[09:58] <+rickf> biiig candles this morning
[09:58] <+jbuch> yeah
[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> Shorts TF @ 670.80 -> medium size
[10:00] <+rickf> this friday is quad-witching btw
[10:00] <@wrbtrader> another support broken
[10:00] <@wrbtrader> 4 only
[10:03] <+rickf> looking for pop to 1142 to short ... might not get it
[10:03] <@wrbtrader> Covered all TF Short @ 670.60 --> + 0.2
[10:06] <+rickf> short es 1141,59
[10:06] <+rickf> 1141,59
[10:06] <+rickf> 1141.50
[10:08] <+rickf> exit es 1142.25 -.75
[10:08] <+rickf> only 1 tho ...was not sure if we'd break down further or not. not a high confidence hting
[10:14] <+rickf> geez i am not liking this
[10:15] <+jbuch> Long ES @ 1142.25
[10:17] <+rickf> long es 1142.25
[10:18] <+OICU812> a break of 40 to the downside would be nice
[10:20] <+rickf> exit es 1143.25 +1
[10:21] <+rickf> this feels like HFT bigtime today
[10:22] <+rickf> when did we have so many big candles all at once?
[10:22] <+jbuch> Exited 1/2 ES Long @ 1143.75 --> + 1.5
[10:22] <+rickf> vn jb
[10:23] <Sidhartha> HFT?
[10:23] <+rickf> high freq trading
[10:23] <+Sidhartha> ahh ok
[10:23] <+rickf> the institutional trading bots
[10:24] <+rickf> i'd say stop-running perhaps ... folks are set up for explosive spikes in either direction
[10:25] <OICU813> ..
[10:26] <+jbuch> Exited Remainder ES Long @ 1142.75 --> + 0.5
[10:26] <@wrbtrader> Light crude Oil CL, emini Oil QM and Heating Oil HO getting hit hard today...their failed counter-thrust is what killed the Emini futures ES, YM, NQ and TF at their intraday highs
[10:29] <@wrbtrader> Left a lot of points on the today...a great Long position picked off for +0.1 tick only and a missed Short signal near the top while still Long
[10:30] <@wrbtrader> today = table
[10:32] <+jbuch> Long ES @ 1142.75
[10:34] <+jbuch> Exited all ES Long @ 1141.75 --> - 1
[10:35] <+rickf> i am staying flat for a while i think ... this is insane
[10:36] <+OICU813> what I was just thinking too rickf, let it break first
[10:36] <+jbuch> Long ES @ 1142.75
[10:36] <+rickf> 1 or 2 big candles are okay ... but that's all we've had since the open, and that action scares me
[10:37] <TraderG> Capitalism : A Love Story. did any 1 watch it?
[10:37] <+rickf> nope - tho i just read the john paulson book this weekend
[10:37] <+TraderG> what a bunch of crooks
[10:38] <+rickf> i have it, not watched it ye
[10:43] <+OICU813> whos the crooks TraderG?
[10:44] <+TraderG> most of the people in the government
[10:44] <+TraderG> most of the people that proposed the 700Bil bailout came from GS
[10:45] <+TraderG> the banks used interest free money to make $$$$$$$$$$$$$$$ and give bonuses
[10:45] <+jbuch> Exited all ES Long @ 1142.25 --> - 0.5
[10:46] <+TraderG> the epocalipse predicted may not have materialized even without the bailout
[10:48] <+OICU813> i think apocalypse is due
[10:48] <+TraderG> many companies took out life insurance on their employee's life and when the employee died, the families got nothing
[10:48] <+OICU813> the bail out money went into the market thats why it created a V bottom
[10:48] <+OICU813> hence creating another bubble
[10:48] <+TraderG> it still does not register. How low can people go
[10:48] <+OICU813> but, then again what do i know
[10:48] <+rickf> back later
[10:49] <+OICU813> greed my friend is a cancer of society, will make people go lower than most can think
[10:49] <+TraderG>
http://en.wikipedia.org/wiki/List_of_em ... _companies[10:50] <+TraderG> i think this is the answer
[10:51] <+OICU813> interesting
[10:52] <+TraderG> maybe I am getting 2 old
(
[10:52] <+OICU813> with age comes whisdom, and with whisdom a lot of vails are lifted
[10:56] <+TraderG> i don't understand why THE PEOPLE don't revolt
[10:56] <+TraderG> it is risky but some have nothing 2 lose
[10:59] <+TraderG> what would happen if they cap how much money can 1 have or make in a year or the length of time 1 can own a company?
[11:00] <+TraderG> doesn't any 1 here think about these things?
[11:03] <+OICU813> i think thats not the problem, but priviledges that remove equality in the way companies compete
[11:03] <+TraderG> when you/us sit in our nice warm house thinking about the next vacation to take or the next toy 2 buy,doesn't the thought of other people creep into your mind?
[11:03] <+OICU813> imagine if you got interest free money what could you do with it?
[11:03] <+TraderG> OICU r u from the US?
[11:03] <+Sidhartha> of course... but there is no clear answer. People a lot smarter than you and I have been thinking about it for a logn time... the "market" has been an untouchable principle in US for so long now. It still is. Even after evrything we've seen you still get the same faces on CNBC banging on about how the market always knows best, regualtion is big government etc..etc..
[11:04] <+Sidhartha> From my persepctive shareholder culture fundamentally doesn't work. It's not efficient.
[11:04] <+TraderG> CNBC is an entertainment channel. that's all
[11:05] <+jbuch> at the fulcrom of this wedge
[11:05] <+Sidhartha> On stat I heard that really brought that home was that board level pay of FTSE 100 companies has increased 650% in decade. Returns on the FTSE 100 are basically zero
[11:05] <+Sidhartha> CNBC is a window into american culture... much more than just entertainment!
[11:05] <+OICU813> i am not from the US TraderG
[11:06] <+TraderG> Sid - and how do u feel about that? what if people stop buying shares in companies where they don't have a say in the executive salary?
[11:08] <@wrbtrader> Shorts TF @ 669.80 -> small size
[11:08] <@wrbtrader> 2 only
[11:13] <+Sidhartha> I gotta run out so will expand on this when I get back... but fundamentally I feel there is a huge gap in the market place for highly activist shareholders. Boards & companies either need to be accountable to shareholders their partners/employees... right now they are not
[11:14] <@wrbtrader> Covered all TF Short @ 668.70 --> + 1.1
[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[11:45] <+jbuch> just bought some SSO at 40.20 will try to swing it
[11:46] <+jbuch> hopefully I do a little better than last time
[11:53] <@wrbtrader> Shorts TF @ 666.80 -> small size
[11:53] <@wrbtrader> 3 only
[11:54] <@wrbtrader> I hate these types of trades...
[11:54] <@wrbtrader> As soon as I enter near lunch time...I get hungry
[11:54] <+screenstruck> heh
[11:55] <@wrbtrader> I usually lose my patience fast when I'm hungry
[11:56] <JimL1> yeah, but a luncjhtime move can often buy lots of sushi if you catch it - it either gores nice or craps out
[11:57] <+rickf> back
[11:57] <+TraderG> where have u been? I was worried?
[11:57] <+TraderG>
[11:58] <@wrbtrader> Oil still at a hammer line support
[12:00] <+TraderG> I think we are at a temporary bottom (famous last words before the bottom falls out)
[12:00] <+rickf> gym
[12:01] * codehead_afk is now known as codehead
[12:04] <@wrbtrader> Oil exchange traded funds OIH and XLE now below their support
[12:07] <+rickf> bad bloomberg headline: "Dodd Faces ‘Ticklish Position’ Going Alone on Financial Rules "
[12:07] <+rickf> given the massa tickling scandal in the House. lol
[12:08] <@wrbtrader> Covered all TF Short @ 666.70 --> + 0.1
[12:09] <@wrbtrader> that was a tough trade...be back later...going to lunch
[12:16] <+jbuch> did the NAHB REPORT COME OUT
[12:17] <+jbuch> not shown on forex factory
[12:17] <+rickf> 1PM
[12:17] <+rickf> ET
[12:18] <+jbuch> ohh the time must be screwed up on forex factory
[12:18] <+rickf>
http://fidweek.econoday.com/byweek.asp[12:18] <+rickf> is what i use
[12:19] <+TraderG>
http://www.forexfactory.com/calendar.php[12:19] <+TraderG> more better site
[12:19] <+TraderG> you like my English?
[12:19] <+rickf> intrigued with it, i am
[12:19] <+TraderG> you sound like Yoda
[12:20] <+TraderG> I get it
[12:20] <+rickf> hehehe....the Trader is right.
[12:28] <+TraderG> the temporary bottom is intact. I should b able 2 make some $ with my insight lately
[12:30] <+jbuch> been in a long for almost 1 hour now from 1137.75
[12:31] <+TraderG> patience is a virtue
[12:31] <+jbuch> was shooting for the down trend line top of that wedge from this am
[12:31] <+TraderG> which I don't have
[12:35] <+jbuch> it has taken so long that the trendline is right above this range
[12:35] <+jbuch> bailed on 3/4
[12:37] <+TraderG> chicken
[12:37] <+rickf> a short around 1140 would be tempting but getting ready for lunch
[12:38] <+jbuch> lol
[12:38] <+TraderG> i traded only sim 2 day
[12:39] <+jbuch> poking above the down trendline
[12:39] <+TraderG> 5 trades against some of my rules = losers. 6 trades following the rules 2 a T = all winners
[12:39] <+TraderG> WHEN WILL I LEARN
[12:39] <+TraderG>
??
[12:40] <+rickf> join the club ... i still do that @ times
[12:41] <+TraderG> the problem that i c recurring is that if I follow my rules, I have 2 sit on my hands 4 long periods and I preffer to sit on a chir and use my hands
[12:41] <+TraderG> chir = chair
[12:41] <+rickf> me too -- which frankly is fine by me ... as i said i want to be in the market as little as possible, and that means waiting for high-confidence trades
[12:41] <+jbuch> lol
[12:41] <+rickf> my trades this morning were NOT 'planned' either
[12:41] <+rickf> well 1 was
[12:41] <+jbuch> blokorz
[12:42] <+rickf> ok bb in a bit - curry is ready
[12:42] <+TraderG> i am cured from that JB
[12:43] <+TraderG> never went back 2 level 29
[12:43] <+jbuch> out remainder
[12:43] <+jbuch> just started it back up ths am at level 29
[12:43] <+TraderG> this will go to 1143 and u will be pi$$ed
[12:43] <+TraderG> sorry 1141
[12:44] <+jbuch> that is were I had my target but dang my gut needs a break
[12:45] <+TraderG> i know it's easier said than done by you could have gone 4 a run and leave the trade on
[12:45] <+jbuch> and it is so weak and choppythat I don't want to play any more
[12:46] <+TraderG> mommy mommy J doesn't want 2 play with us anymore
[12:46] <+TraderG> look @ gold take off
[12:49] <codehead> 09:48 codehead: 1040 is .382
[12:49] <+codehead> 09:48 codehead: 1041 is .500
[12:49] <+codehead> 09:48 codehead: coincidentally, both at 1-1
[12:51] <+TraderG> this 50% business is intriguing the question is : is it the cause or the effect?
[12:51] <+jbuch> maybe both
[12:52] <+jbuch> maybe that is enough of a retracment for people to see value on a gut level
[12:52] <+TraderG> maybe many people noticed it and more follow it now so it is a self fullfiling thing
[12:52] <+codehead> doesn't matter
[12:52] <+codehead> think of it like this...
[12:53] <+jbuch> and since it works so often a lot of people probably buy there
[12:53] <+codehead> if you were the big fish who could buy and sell where he wants...
[12:53] <+codehead> well, how would you decide when to take profits?
[12:53] <+codehead> or when to get in?
[12:53] <+codehead> a lot people, missing the boat, would say, gee, i how it pulls back half that move so i can get in
[12:53] <+TraderG> if I was a big fish I would be swimming happily in the ocean and not think about trading
[12:53] <+codehead> etc
[12:54] <+codehead> now, you have some folks doing that on 5 min frame, some 15 min, some daily, some weekly...
[12:54] <+codehead> that's why confluence works
[12:54] <+codehead> find a number that everyone's looking at
[12:55] <+TraderG> i don't think that that is sound logic. u described the outcome of a process and not the process itself
[12:55] <+codehead> lol
[12:55] <+TraderG> but i appreciate the effort
[12:55] <+codehead> ok, the market is random--seek no logic in it, trade at whim
[12:56] <+rickf> back
[12:56] <+TraderG> rickf u cann't do that. u disappear and I worry
[12:56] <+rickf> thanks dad
[12:57] <+TraderG> there r lots of BAD people out there
[12:57] <+TraderG> the market is random in a very short timeframe
[12:58] <+codehead> nope
[12:58] <+TraderG> and that timeframe is a relative thing
[12:58] <+codehead> similar on all time frames
[12:58] <+TraderG> i did some stats on the market and the SPY moves up and down almost 50% of the time
[12:58] <+codehead> i can shwo you a piece of a chart, you could not possibly tell what the time frame is
[12:58] <+TraderG> i agree with that
[12:59] <+TraderG> all time frames look the same
[12:59] <+rickf> i think he means that some tfs are noisier than others depending on what/how you trade
[12:59] <+TraderG> (within reason)
[12:59] <+codehead> yes, but the noise is relative
[12:59] <+TraderG> every thing is relative (Einstein)
[12:59] <+codehead> on a weekly frame, the noise is sitll there, just relative to the sizes of moves on longer time frame
[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[13:00] <+TraderG> so u look at S/N (signal to noise ratio)
[13:00] <+rickf> true ... tho you don't "see" the noise as much ... at least i don't ...
[13:00] <+TraderG> and that is probably constant between any 2 time frames
[13:00] <+rickf> is why i am using larger tfs than i used to
[13:00] <+rickf> may even swing-trade off the 10m at some point
[13:00] <+rickf> but for now the 5m is ok by me
[13:01] <+TraderG> years ago I oprimized a strategy (I had only EOD data) the weekly optimization worked the best
[13:01] <+TraderG> but that could have been atributed 2 the strategy
[13:02] <+rickf> i was reading about zweig's 4% strategy that used weekly closes as his buy/sell signal
[13:02] <+TraderG> what if there is a tf that has some connection to our own natural frequencies?
[13:02] <+rickf> he didnt watch the charts except fri afternoon to plan possible trades on monday
[13:02] <+rickf> there is
[13:03] <+rickf> if you are action-oriented you go with tick or 1m ... if you are more cautious or slow to trade, 5, 15, 30m
[13:03] <+rickf> l)
[13:03] <+rickf>
[13:03] <+TraderG> I am from the UN
[13:03] <+TraderG> I use 3 min
[13:03] <+TraderG> :P
[13:03] <+rickf> heh. i am on 5m presently
[13:03] <+TraderG> but seriously I like the number 3
[13:04] <+TraderG> i don't know why
[13:04] <+TraderG> iol and gold r behaving in text book fashion 2day but i lost my drive
[13:05] <+jbuch> Long ES @ 1139.25
[13:06] <+TraderG> when I was a kid i used 2 do every thing 3 times. Check if i locked the door, kick stones around, stuff like that
[13:06] <+rickf> jeez ... twice it's come w/in 1 tick of my entry
[13:06] <+jbuch> intervals are a matter of chance
[13:07] <+jbuch> reversal points and trend are the only thing that matters IMO
[13:08] <+TraderG> every oscilation in nature can be broken down to harmonics maybe charts and our affinity 2 then is linked to this fact
[13:08] <+rickf> i began 2010 and resolved not to interval-switch just to find setups
[13:08] <+rickf> ie pick a tf and stick with it ... know the chart and price action
[13:09] <+TraderG> i was trying 1,3 & 5 mins. finally I found that 3 is the one I like. My history with regards to the number 3 is maybe just a coincidence
[13:09] <+rickf> whatever works for you
[13:09] <+TraderG> y
[13:09] <+rickf> using tick charts i had far too many setups and temptations to trade
[13:09] <+rickf> plus i figured "time" is something the MMs can't "game"
[13:10] <+rickf> 5m here is 5m in Chicago and NYC and anywhere
[13:11] <+rickf> ok hit 1140 not taking short ... too much chop leading up to the signal even tho it looks ok otherwise
[13:11] <+rickf> in fact ...
[13:12] <+rickf> big violence this morning, then chop, then big drop....then chop chop
[13:12] <+rickf> so we're due either for more chop or a big move (likely) down
[13:12] <+rickf> maybre
[13:12] <+TraderG> so why not use something that is not time independant? r decisions people make timed to round time intervals?
[13:13] <+rickf> what do you mean
[13:13] <+TraderG> not time dependant (my mistake)
[13:13] <+TraderG> like vol charts
[13:13] <+rickf> i only have time and tick charts available here
[13:13] <+rickf> waiting for constant range bars later this spring ... been curious to see how they pan out
[13:14] <+TraderG> r u getting happy or sad at round number time markers?
[13:14] <+TraderG> I don't think so
[13:14] <+rickf> not happy or sad
[13:14] <+TraderG> i am talking in general
[13:14] <+rickf> it's what i am using and using fairly well
[13:14] <+TraderG> i am not trying to convince u 2 change
[13:15] <+TraderG> i am just thinking .....................
[13:15] <+rickf> oh i DID change ... went from tick charts to time charts, quit messing with timeframes
[13:15] <+TraderG> but isn't a significant peak or trough evident in both types of charts?
[13:15] <+rickf> if somethign works well for me, i'll learn to use it
[13:16] <+rickf> yes to a point
[13:16] <+rickf> i can get 5-10 trades/day on a tick chart
[13:16] <+TraderG> well, that is the problem with trading, we never know what works well 4 us b 4 we try it
[13:16] <+rickf> maybe 2-3 on the time chart
[13:16] <+rickf> doing better on time charts now
[13:17] <+TraderG> good 4 u. i hope it lasts (I am serious)
[13:17] <+rickf> me too
[13:17] * +rickf took 2-3 years of R&D to find something simple that works for ME
[13:17] <+TraderG> how many hours? (my favourite wuestion)
[13:18] <+rickf> hours? wtf knows? too much ... much of it was chart-reading and watching and experimenting
[13:18] <+codehead> short YM 10539, tight stop
[13:18] <+codehead> it's stuck
[13:19] <+TraderG> i am just interested. (hours r much more meaningful) some pople put in 1 hour a day and they complain that after 10 years they gor nowhere.
[13:19] <+TraderG> gor=got
[13:20] <+rickf> apart from mid-day breaks for gym and errands I'd watch it from 0800-1600 for the most part ... even when working, just check it out and see what's happening
[13:20] <+jbuch> fifth attempt at 40
[13:20] <+rickf> 1hr / day won't do it
[13:21] <+rickf> plus you need to see the stuff move in real time
[13:21] <+rickf> far to easy to say AHA! when looking at a static chart in the evening
[13:21] <+jbuch> Exited all ES Long @ 1139.25 --> 0
[13:28] <+rickf> short es 1139.25
[13:30] <+codehead> man, it's stuck
[13:31] <+codehead> 6 tick stop on YM
[13:33] <+TraderG> 41 is still a valid target
[13:35] <+TraderG> CH use WD40
[13:37] <+codehead> exit Ym -1
[13:43] <+TraderG> 40.75 was the closest trade to 41 in the last few minutes
[13:56] <+codehead> YM looking weaker than ES
[14:00] <+codehead> oil dip
[14:01] <+TraderG> looks like that's it 4 this move
[14:03] <+TraderG> maybe I am wrong
[14:06] <+codehead> k, might be pb time finally
[14:07] <+TraderG> i shoul learn 2 trust my 1st inclination
[14:10] <+codehead> ugh, YM wore me out in 37 min trade that went nowhere, didn't take it form same spot when it was obvious
[14:26] <+jbuch> Long ES @ 1139.5
[14:26] <+rickf> exit ed es 1139 +.25 a while back -- wa on the phone
[14:26] <+rickf> in that trade for almost an hour
[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[14:33] <+rickf> short es 1139
[14:35] <+jbuch> Exited all ES Long @ 1138.75 --> - 0.75
[14:37] <+jbuch> Long ES @ 1139.25
[14:46] <+jbuch> Exited 1/2 ES Long @ 1140.75 --> + 1.5
[14:46] <+codehead> vn
[14:50] <mo2t> nice trade jbuch
[14:51] <+jbuch> thank you guys
[14:51] <+rickf> vn jb
[14:53] <+jbuch> have my second target at41.75
[14:53] <+jbuch> Exited all ES Long @ 1141.75 --> + 2.5
[14:53] <+jbuch> probably should have pulled that and just moved my stop up
[15:02] <+jbuch> Long ES @ 1141.75
[15:04] <+jbuch> not much of a rejection off of the center of that wedge from this am
[15:05] <+jbuch> at least not yet
[15:10] <+jbuch> come on break it baby
[15:20] <+jbuch> Exited all ES Long @ 1142.75 --> + 1
[15:22] <+codehead> dow green
[15:24] <+jbuch> got scared off by that vol spike
[15:27] <+codehead> have a res at 1144.75
[15:28] <knox> hi hola
[15:28] <+knox> hola que tal como esta la cosa por aca
[15:46] <+TraderG> i think u r in the wrong room
[15:46] <+TraderG> we not understanding u
[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[15:57] <+rickf> okay guys - see you in a week ... am teaching all the rest of the week
[15:58] <+rickf> have a good trading week and see y'all soon
[16:10] <+werner> gn all
[16:45] <@wrbtrader> Take care all and see all tomorrow
[16:45] * wrbtrader is now known as wrbtrader_away
Session Close: Mon Mar 15 16:45:50 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
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#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
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@
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