##TheStrategyLab Price Action Chat Room Logs

#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)

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Session Start: Wed Mar 17 09:28:24 2010
Session Ident: #FuturesTrades
[09:28] * Now talking in #FuturesTrades
[09:28] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:28] <jbuch> good morning everyone
[09:29] <drt>
[09:33] <Risk> yelo
[09:35] <werner> all
[09:38] <+jbuch> Long ES @ 1158.5
[09:44] <@wrbtrader> Long TF @ 680.80 -> small size
[09:44] <@wrbtrader> 3 only
[09:49] <+jbuch> Exited all ES Long @ 1159.25 --> + 0.75
[09:50] <mo2t> YM is choppy, no HH
[09:50] <@wrbtrader> Exited all TF Long @ 681.50 --> + 0.7
[09:52] <+jbuch> nice stop run
[09:52] <+jbuch>
[10:37] <+jbuch> no umph up or down so far today
[10:42] <Sidhartha> feels like a choppy range day ahead
[10:42] <@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
[10:56] <+mo2t> y markets
[11:00] <+Risk> Long TF @ 681.5 «« simulator »»
[11:02] <+Risk> Exited 1/2 TF Long @ 681.3 --> - 0.2 «« simulator »»
[11:02] <+Risk> Exited Remainder TF Long @ 681.3 --> - 0.2 «« simulator »»
[11:03] * codehead_afk is now known as codehead
[11:11] <+Risk> Shorts GC @ 1122.1 «« simulator »»
[11:15] <+Risk> Covered all GC Short @ 1123.7 --> - 1.6 «« simulator »»
[11:15] <+Risk> Long GC @ 1124 «« simulator »»
[11:18] <+Risk> u can use my trades as a contrary signal. just send me my customary 10%
[11:24] <+jbuch> Long ES @ 1162
[11:25] <+Risk> Exited all GC Long @ 1123.9 --> - 0.1 «« simulator »»
[11:26] <+jbuch> tried to catch this at 1160 then 1160.25
[11:28] <+jbuch> kepp hitting my entry but no fill
[11:30] <+mo2t> jbuch are you still in a position?
[11:31] <+jbuch> yup
[11:31] <+mo2t> you are iron man I dont like this market
[11:32] <+jbuch> me either
[11:32] <OICU812> GM
[11:32] <+jbuch> hey OIC
[11:32] <+OICU812>
[11:33] <+Risk> Long GC @ 1124.8 «« simulator »»
[11:38] <+Risk> Exited all GC Long @ 1123.4 --> - 1.4 «« simulator »»
[11:44] <+Risk> Bernanke is talking @2PM
[11:46] <+jbuch> here comesthe difficult part wil probably hit 63 and fade agaain
[11:59] <+jbuch> Exited all ES Long @ 1161 --> - 1
[12:03] <+jbuch> stop running @#$%^
[12:03] <+jbuch> Long ES @ 1161.25
[12:07] <@wrbtrader> Long TF @ 681.80 -> small size
[12:07] <@wrbtrader> 2 only
[12:08] <+jbuch> I am double on this 1
[12:08] <+jbuch> so hopefully we don't get a lower low here
[12:09] <+jbuch> good to see you in here wrb
[12:09] <screenstruck> intuition trade WRB?
[12:12] <@wrbtrader> sort'uv...intentional late entry because of the "low volatility" condition right now...signal around 12noon est
[12:12] <@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
[12:12] <@wrbtrader> signal occurred within some chop that didn't have any volatility
[12:12] <+screenstruck> ok thanks
[12:12] <@wrbtrader> tough to find a good entry spot.
[12:17] <@wrbtrader> FYI - I sometimes post on twitter @ http://twitter.com/wrbtrader/ and my charts @ http://chart.ly/user/wrbtrader. Those interested can also follow me on stocktwits @ http://stocktwits.com/wrbtrader
[12:17] <@wrbtrader> I'm usually reading or posting there when not in a trade.
[12:18] <@wrbtrader> Been reading today a lot of the Forex EurUsd commentary @ http://stocktwits.com/symbol/EURUSD
[12:21] <@wrbtrader> slowly losing my patience with this Long position
[12:22] <+jbuch> man got above the retracment trendline made a higher low and failed. tough market
[12:27] <codehead> 1159 then 1157 supports
[12:27] <+screenstruck> all these are old school WRB !!!
[12:28] <+screenstruck> get facebook !
[12:28] <+codehead> we may not want to see each other's faces
[12:28] <+codehead> ;-)
[12:28] <+screenstruck> use a rubber ducky
[12:28] <+OICU812> lol
[12:29] <+screenstruck> they just surpassed google clicks
[12:29] <+screenstruck> In a sign that the web is becoming more sociable than searchable, research firm Hitwise said that the two sites accounted for 14 per cent of all US internet visits last week. Facebook's home page recorded 7.07 per cent of traffic and Google's 7.03 per cent.
[12:29] <@wrbtrader> I have facebook...only for personal stuff with the family.
[12:29] <+screenstruck> from financial times http://www.ft.com/cms/s/0/6437d2b6-3164 ... abdc0.html
[12:29] <+codehead> a rubber ducky would not adequately represent my countenance
[12:29] <+screenstruck> yeah but we need a WRB group
[12:29] <+codehead> ;-)
[12:30] <+screenstruck> man indexes dead
[12:30] <@wrbtrader> FT now subscribtion base
[12:30] <+screenstruck> and CL crazy
[12:30] <+screenstruck> always
[12:30] <@wrbtrader> when did that change...geeesh
[12:30] <+screenstruck> i think one or 2 free a month with free registration
[12:30] <+screenstruck> articles
[12:36] <+screenstruck> "US users spent nearly six-and-a-half hours on Facebook compared with fewer than two-and-a-half hours on Google."
[12:36] <+screenstruck> ok someone needs a life
[12:41] <+jbuch> alright I have been tortured enough take me out or break up please
[12:42] <+jbuch> if we get back above 61.5 we wil have breached the down trendline again
[12:52] <+jbuch> good times
[12:53] <+Sidhartha> FT been subscription based for a long time now... well over a year
[12:53] <+Sidhartha> yeah a few free articles a month if you register
[12:53] <+jbuch> what is FT?
[12:54] <+screenstruck> financial times
[12:54] <+screenstruck> i switched to it from WSJ a few years ago.... better global perspective IMO
[12:54] <+jbuch> thanks
[13:15] <+jbuch> Exited all ES Long @ 1162.5 --> + 1.25
[13:15] <+jbuch> oops
[13:16] <+jbuch> 1162.25
[13:16] <+jbuch> are you still long WRB
[13:27] <+jbuch> Long ES @ 1162.5 -> small size
[13:27] <+jbuch> 1 only
[13:29] <@wrbtrader> Exited all TF Long @ 683.20 --> + 1.4
[13:29] <+screenstruck> patience of a saint
[13:29] <@wrbtrader> Yeah...that's rare for me.
[13:29] <@wrbtrader> Be back later...going to grab something to eat
[13:30] <+jbuch> well played
[13:33] <+jbuch> Exited all ES Long @ 1163.75 --> + 1.25
[13:35] <+codehead> sheesh i traded Ym short for a tick, at a res but realized we are in a squeeze and got right back out
[13:36] <+codehead> tick extremes
[13:36] <+codehead> repeatedly
[13:36] <+codehead> must be program buying
[13:37] <+codehead> hit a little fib cluster on ES
[13:42] <@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
[13:43] <+mo2t> no trade today... have a nice day, bye
[14:09] <+codehead> oil squeeze
[14:21] <+Risk> did Berni finish talking?
[14:21] <+codehead> friend just said he's on tv now
[14:22] <+Sidhartha> yup... still talking
[14:22] <+jbuch> just started
[14:35] <+jbuch> bernie done volcker on
[14:38] <+jbuch> seems as though he is saying something that is pissing the markets off
[14:38] <+jbuch> don't know how that could be you can only understand every third word that he is saying
[14:39] <+jbuch> I am going to tape him so that I can listen to him when I am having trouble going to
[15:05] <+Risk> so what did they say that spooked the market?
[15:05] * Hen is now known as Hen2
[15:06] * Hen2 is now known as Hen
[15:09] <@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
[15:09] <+jbuch> I don't know volker sounds like he is eating his lunch when he speaks can't understand him
[15:19] <@wrbtrader> Shorts TF @ 681.50 -> small size
[15:19] <@wrbtrader> support broken
[15:19] <@wrbtrader> 3 only
[15:19] <@wrbtrader> It's broken in several other key markets too
[15:21] <@wrbtrader> Posted about what I was looking at a few minutes ago @ http://twitter.com/wrbtrader/status/10634655868
[15:24] <@wrbtrader> Covered all TF Short @ 681.00 --> + 0.5
[15:27] <+jbuch> Shorts ES @ 1158.75
[15:29] <+jbuch> Covered all ES Short @ 1159.25 --> - 0.5
[15:33] <+jbuch> Shorts ES @ 1159
[15:34] <@wrbtrader> another support being tested now
[15:35] <@wrbtrader> weak looking tweezer bottom via the 1min chart on TF
[15:35] <@wrbtrader> Long TF @ 680.60 -> small size
[15:35] <@wrbtrader> 1 only
[15:35] <@wrbtrader> quick trade only
[15:36] <+jbuch> Covered all ES Short @ 1158.75 --> + 0.25
[15:37] <@wrbtrader> Exited TF Long @ 681.10 --> + 0.5
[15:45] <@wrbtrader> Long TF @ 681.30 -> small size
[15:45] <@wrbtrader> 2 only
[15:46] <@wrbtrader> 681.70 is a weak resistance area
[15:46] <@wrbtrader> lets see if TF can get above it
[15:49] <@wrbtrader> Exited all TF Long @ 682..50 --> + 682..50 - 681.30
[15:50] <@wrbtrader> ooops got a minus in there
[15:50] <@wrbtrader> Exited all TF Long @ 682.50 --> + 1.2
[16:04] <+jbuch> why are there plus signs next to some of our names
[16:05] <+codehead> not for me
[16:05] <+screenstruck> plus
[16:05] <+jbuch> as in +
[16:05] <+screenstruck> looks like whoever types gets it
[16:06] <+jbuch> ahh
[16:06] <tomosyn57> you get a + if you have typed something during that session
[16:06] <+jbuch> so there were 22 of us and 7 of us said something all day
[16:07] <+tomosyn57> i think so
[16:07] <+codehead> ok, we're green on my irc client
[16:08] <+jbuch> yup tomo u just joined the the plus
[16:08] <+codehead> (means we are "voiced")
[16:08] <+jbuch> just curious why would you come if here if not to BS
[16:10] <+tomosyn57> who you asking?
[16:10] <+Risk> those who did not BS....
[16:10] <+jbuch> anybod that sits here all day day after day and never says a peep
[16:12] <+tomosyn57> not good typing skills
[16:12] <+jbuch>
[16:12] <+Risk> i would say that just seeing other people post makes 1 feel less lonely and connected
[16:13] <+tomosyn57> sounds like a chick flick
[16:13] <+Risk> r u talking 2 me (Al Pachino)
[16:13] <+jbuch> )
[16:14] <+tomosyn57> say (h)elo to my little friend (Scarface)
[16:14] <+Risk> )))
[16:16] <+jbuch> well I sat in a long for almost 2 hours at a little profit and a little loss and got out just when it was about to get very profitable
[16:16] <+jbuch> have had a screaming headache ever since
[16:16] <+jbuch> pisses me off to no end
[16:16] <+Risk> i have a teribble wallet ache
[16:19] <+Risk> JB it was not easy 2day
[16:20] <+tomosyn57> so you need a minus(-) rather than a plus next to your name )
[16:26] <+jbuch> yeah I guess not. It was pretty choppy
[16:27] <+jbuch> but I knew that it was and had a game plan which ended up working out to the letter the only weak link was me.
[16:28] <+jbuch> was excited for today thought we would have some good volatility oh well maybe tomorrow
[16:39] <@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
[17:45] <@wrbtrader> Reminder - I won't be trading tomorrow due to one of my kids having minor surgery.
[17:54] <+werner> ok gn all
[17:54] <+werner> good luck
[17:55] <+werner> take care... i think thats a better word
[18:01] * wrbtrader is now known as wrbtrader_away
[18:06] <@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
Session Close: Wed Mar 17 19:23:21 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=5

The 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)
Skype Messenger: kebec2002
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