#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 Mar 25 09:16:22 2010
Session Ident: #FuturesTrades
[09:16] * Now talking in #FuturesTrades
[09:16] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:27] <Tigerman> hi all
[09:27] <+Tigerman> Long TF @ 685.8 «« simulator »»
[09:27] <+Tigerman> 4 only
[09:28] <+Tigerman> Exited 3/4 TF Long @ 685.9 --> + 0.1 «« simulator »»
[09:28] <+Tigerman> Exited Remainder TF Long @ 686.1 --> + 0.3 «« simulator »»
[09:29] <+Tigerman> I am happy with my result
[09:29] <+Tigerman> only to hurry in exit my last stake
[09:29] <+Tigerman> anyway it is ok
[09:33] <+Tigerman> big gap today
[09:33] <+Tigerman> unemplyment better than consensus
[09:33] <pat255>
all
[09:33] <mo2t>
all
[09:33] <+pat255> hard to buy here
[09:33] <+Tigerman>
pat
[09:34] <+pat255> tiger :0
[09:34] <+pat255>
[09:37] <@wrbtrader> resistance forming
[09:39] <@wrbtrader> Shorts TF @ 686.00 -> small size
[09:40] <@wrbtrader> 3 only
[09:40] <@wrbtrader> late post
[09:40] <@wrbtrader> Anybody here having problems with there YM quotes
??
[09:40] <+Tigerman> yes
[09:40] <@wrbtrader>
[09:40] <@wrbtrader> Ok...thanks...I know now I'm not the only one.
[09:41] <+Tigerman> but not on ym ...
[09:41] <+Tigerman> instead on dj index
[09:41] <+Tigerman> it s working only a big candle spike @ satrt
[09:42] <+Tigerman> Long TF @ 686 «« simulator »»
[09:42] <+Tigerman> 4 only
[09:43] <+Tigerman> Exited 1/2 TF Long @ 686.3 --> + 0.3 «« simulator »»
[09:43] <+Tigerman> wow
[09:43] <+Tigerman> Exited Remainder TF Long @ 686.1 --> + 0.1 «« simulator »»
[09:43] <+Tigerman> pick up trail stop
[09:44] <+Tigerman> it is ok anyway
[09:45] <Risk> Bernanke talks in 15 min
[09:46] <+Tigerman> yep
[09:46] <+Tigerman> talk about exit srategy
[09:46] <+mo2t> wrbtrader, my YM look good
[09:47] <+Tigerman> I wanna see what happen when the big liquidid money is absorbed from market
[09:48] <@wrbtrader> I'm getting a ton of help on this short from other key markets but TF is just not responding
[09:48] <@wrbtrader> It's trying now.
[09:49] <+Tigerman> yep is listen to you
[09:49] <+Tigerman> and well
[09:49] <@wrbtrader> Covered 2/3 TF Short @ 684.50 --> + 1.5
[09:50] <@wrbtrader> TF has been doing more of that lately...those delay reactions to what other key markets have been doing...that's causing an increase in my "early exits".
[09:51] <jbuch> good morning everyone
[09:51] <+Tigerman>
jbuch
[09:52] <+Tigerman> support is forming..
[09:52] <+Tigerman> Long TF @ 685 «« simulator »»
[09:52] <+Tigerman> 2 only
[09:52] <@wrbtrader> Covered Remainder TF Short @ 685.10 --> + 0.9
[09:53] <+Tigerman> nice wrb
[09:53] <+pat255> vn N
[09:53] <+Tigerman> Exited 1/2 TF Long @ 685.2 --> + 0.2 «« simulator »»
[09:53] <@wrbtrader> Should'uv exited that remainder around 684.50 when that new support started developing.
[09:53] <+Tigerman> Exited Remainder TF Long @ 685.1 --> + 0.1 «« simulator »»
[09:54] <+Tigerman> yep but price can spike up without advertise or not wrb?
[09:54] <+pat255> bernanke in 5 min
[09:54] <@wrbtrader> Anybody here have problems with the Internet Explorer 8 after upgrading from 7
??
[09:54] <+Tigerman> sorry I m using only firefox
[09:55] <@wrbtrader> Darn thing crashes a ton...had to switch back to my firefox and opera.
[09:55] <+Tigerman> yep I no see reason to expl
[09:55] <+pat255> y me too only firefox
[09:55] <+pat255> N dont use IE
[09:55] <+Tigerman> unless some site not working
[09:56] <+Risk> i have probs with IE8 and I am on XP
[09:56] <+Risk> display does not refresh
[09:57] <+Tigerman> it is very frustrating see price go up after my last exit
[09:58] <+Tigerman> I have to work on stops
[09:59] <+Tigerman> but for murphy low when give room on stops sure price retrace back stronger on my stops
[09:59] <+Tigerman> it is very difficult balance entry profit and stops..
[10:03] <+Risk> Shorts TF @ 685.3 «« simulator »»
[10:03] <@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[10:05] <+Risk> Covered 1/2 TF Short @ 684.8 --> + 0.5 «« simulator »»
[10:05] <+Risk> Covered Remainder TF Short @ 684.2 --> + 1.1 «« simulator »»
[10:05] <@wrbtrader> nice
[10:06] <+Risk>
[10:06] <@wrbtrader> I screwed up that short entry order...completely missed it @ 684.50
[10:09] <@wrbtrader> treasury futures ZN, ZB, ZF not doing so hot
[10:10] <@wrbtrader> Especailly with that big gap to the upside in the Yields
[10:10] <+pat255> bonds not to well ..even the bond king said that
[10:11] <+pat255> i forget his name
[10:11] <@wrbtrader> Usually when treasury futures are down like this with a big gap in the Yields...there's good volatility in the Eminis.
[10:12] <@wrbtrader> Sometimes I increase my position size in my Emini trades because of such.
[10:12] <@wrbtrader> Throw in the spanking the Euro got yesterday...I wouldn't be surprise we see a trend day here soon...very soon.
[10:13] <@wrbtrader> BIG trend day.
[10:13] <+mo2t> no strong downtrend yet
[10:14] <+Risk> up or down?
[10:14] <Hen> The big spike down in EUR comes from uncertainty in Europe and the EU Summit that is taking place today and tomorrow.
[10:14] <+mo2t> missed one short on NQ
on 1963
[10:21] <+mo2t> new day highs on YM
[10:22] <+Risk> Shorts GC @ 1089.4 «« simulator »»
[10:23] * codehead_afk is now known as codehead
[10:23] <+Risk> Covered 1/2 GC Short @ 1088.9 --> + 0.5 «« simulator »»
[10:24] <+mo2t> hm do not understand it ...YM on highs, TF swinging down...
[10:24] <+Risk> Covered Remainder GC Short @ 1089 --> + 0.4 «« simulator »»
[10:25] <+Risk> Bernanke started talking
[10:26] <@wrbtrader> Silly question...does China have a forex currency pair
[10:27] <+pat255> never heard of it ..
[10:27] <+Risk> Shorts GC @ 81 «« simulator »»
[10:27] <+pat255> but they manipulate their currency big time
[10:27] <+Risk> CL not GC
[10:28] <+Risk> Covered 1/2 GC Short @ 80.90 --> + 0.1 «« simulator »»
[10:29] <+Risk> Covered Remainder GC Short @ 80.83 --> + 0.17 «« simulator »»
[10:29] <werner>
all
[10:31] <+Risk> got out 2 early
[10:31] <+Risk> as usual
[10:31] <+mo2t> wrbtrader, found RMB Futures at RMB/EUR Futures
[10:31] <+Risk>
[10:32] <+mo2t> at RMB/EUR Futures at
http://www.cmegroup.com/trading/fx/emer ... tions.html[10:33] <@wrbtrader> thanks
[10:35] <+mo2t> yw. There is RMB / USD too.
[10:42] <screenstruck> only 6 contracts have traded in June on that RMB
[10:42] <+screenstruck>
http://www.cmegroup.com/trading/fx/emer ... lobex.html[10:42] <+mo2t>
[10:42] <+screenstruck> 0 on the TRY
[10:43] <@wrbtrader> Hmmm...I'm subscribed to all the CME quotes (full quotes and charts) but I can't pull up those charts...
[10:43] <+screenstruck> no volume
[10:43] <+screenstruck> looks like its listed but not traded
[10:43] <@wrbtrader> Will need to call the tech department at my data vendor for the correct symbology
[10:44] <@wrbtrader> Yeah...that's what I was thinking at first.
[10:45] <+screenstruck> i get it as RMB m0
[10:46] <+screenstruck> M0
[10:46] <+screenstruck> heheh interesting chart
[10:47] <+screenstruck>
http://www.screencast.com/t/ODcwZTQ3N[10:48] <+Risk> what is this fly $#@t
)
[10:49] <@wrbtrader> Here's one I found @
http://charts.quote.com/cis/fsspon?cont ... andom=4787[10:50] <+Risk> on Oanda USD/CNY
[10:50] <@wrbtrader> I'm not interested in trading it...just very curious about what it looked like.
[10:51] <+Risk> it looks like an abstract painting
[10:51] <@wrbtrader> Looks like a penny stock with only a few traders (1 bank, 1 share holder and 1 dumb retailer)
[10:51] <@wrbtrader>
[10:52] <+Risk>
))))))))))))))
[10:52] <+screenstruck> enjoy !
[10:52] <+screenstruck>
http://www.screencast.com/t/ZDg1YzRhM[10:52] <@wrbtrader> I should be the last one making fun of penny stocks...
[10:52] <+screenstruck> 500 contracts a week seems to be the higherst in
[10:52] <+screenstruck> a few years
[10:53] <+Risk> that's the ticket. condense it up 2 the point that it looks good
[10:53] <@wrbtrader> My spouse dad is a multi-millionaire from selling his shares while on the board of several penny stock companies.
[10:53] <+Risk> does your wife have an unmarried sister?
[10:54] <+screenstruck> does your spouse's dad adopt strangers?
[10:54] <@wrbtrader> No...she's the only kid the grandparents had
[10:54] <+Risk> I was first
[10:54] <+Risk> ok than adoption is a valid option
[10:54] <+screenstruck> HAH
[10:55] <+mo2t> nice trianlgle on YM
[11:04] <+werner> wrbtrader how long has your spouse dad the penny stocks in his account?
[11:04] <+Risk> Long GC @ 1092.6 «« simulator »»
[11:05] <+Risk> Exited all GC Long @ 1092.7 --> + 0.1 «« simulator »»
[11:06] <+Risk> Long TF @ 685.8 «« simulator »»
[11:06] <+werner> wrbtrader ....how many years before he sells them?
[11:07] <+Risk> Exited all TF Long @ 685.8 --> 0 «« simulator »»
[11:08] <+Risk> it is difficult enough to trade let alone post and even more difficult it is to switch between conts
[11:08] <+Risk> I'll stick to 1 @ a time
[11:11] <@wrbtrader> werner...he sold most of them over the past few years.
[11:11] <@wrbtrader> I think he still holds about a million dollars worth because he's only allowed to sell a specific number of shares per month.
[11:12] <@wrbtrader> Most of those buying his shares are the banks.
[11:12] <+mo2t> so new highs on YM, without me.
[11:13] <+werner> ok but how long he had them in his possession?
[11:14] <@wrbtrader> I believe it took about at least one year before he started selling them.
[11:14] <@wrbtrader> One of the companies was an IPO
[11:15] <+werner> ok thats fast
[11:15] <JimL1> bleeping bots kicked in
[11:15] <@wrbtrader> Well...when it went up like 500% he asked me what to do even though he's not allowed to take advice from me.
[11:16] <@wrbtrader> I told him to start dumping his shares
[11:17] <@wrbtrader> One company he was allowed to sell no more than about 40k worth per month or something like that.
[11:18] <+Risk> that is a standard rule when one is involved in the stages b4 the IPO
[11:18] <+Risk> they don't want the principals to dump their shares
[11:19] <+jbuch> Long ES @ 1173.75
[11:19] <+Risk> and leave the investors holding the bag
[11:19] <@wrbtrader> Lets put it this way...corporate and bank folks checked into my background because he disclosed I was a "trader" and family member.
[11:20] <+mo2t> my and my wife own some shares of czech electric company, gain more than 1000 % last 10 years... from 100 CZK to 1400 CZK. nice, but little long trade
[11:20] <+mo2t> me and my...
[11:20] <@wrbtrader> I don't stocks but I didn't give them access to my tax accountant.
[11:20] <+werner> ok thnx for info
[11:20] <@wrbtrader> That was early 2000...
[11:21] <@wrbtrader> I'm sure after the big fiasco on Wall Street in 2008 and 2009...
[11:21] <@wrbtrader> Shareholders selling shares must be even MORE restrictive.
[11:21] <+Risk> the question is What did the CZK do in that time?
[11:21] <@wrbtrader> In reference to those sitting on the board or corporate management.
[11:22] <+mo2t> ye, after velvet revolution
[11:22] <+werner> ok so he sells at a good moment ...2000
[11:23] <+werner> timming is key
[11:23] <@wrbtrader> TF just powered thorught the 688.50 resistance area.
[11:23] <+werner> timing
[11:23] <@wrbtrader> He was selling the bulk between 2000 - 2005
[11:24] <@wrbtrader> Between the several companies...about 100k per month in total.
[11:24] <+werner> ok
[11:27] <+werner> but with your experience ....investing or day trading???
[11:28] <@wrbtrader> I don't consider it day trading because he wasn't buying anything...
[11:29] <@wrbtrader> Just selling his shares.
[11:29] <@wrbtrader> The volatility is still increasing...took awhile for it too show up off the lows.
[11:30] <@wrbtrader> I was too suspecious about the lack of volatility earlier in the day via those comments about treasury futures, yields and Euro performance.
[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[11:31] <+werner> ok but what is your preference...investing or day trading?
[11:32] <+werner> like you do every day
[11:32] <@wrbtrader> Day trading but investing has been more important the last few years now that I have kids.
[11:33] <+Risk> to think that i was long TF @ 685.8 and I got out @ BE RRRRRRRRRRRRRRRRRRRRRRR
[11:33] <+werner> ok I understand wrbtrader
[11:34] <@wrbtrader> One more resistance level around 692
[11:34] <+jbuch> Exited all ES Long @ 1175.5 --> + 1.75
[11:35] <+pat255> vn jb
[11:35] <@wrbtrader> I saw a lot of "shorts" on twitter the past 30mins during this uprise
[11:36] <+jbuch> thanks
[11:36] <+werner> So put quick money into safe investments??
[11:37] <+werner> that's my motto
[11:37] <@wrbtrader> real estate up here where I'm at handle the crisis well that was going on in the U.S.
[11:38] <@wrbtrader> Values of homes, properties et cetera increase nicely...still is.
[11:38] <+werner> yes yes real estate
[11:38] <@wrbtrader> I own a condo, duplex and house...there's where I stuck a bulk of my money at since arriving in Quebec.
[11:39] <+werner> rael estate that's my thing too
[11:43] <+werner> and ground
[11:45] <+werner> invest fast money in real estate and in ground
[11:46] <+pat255> werner where are you?
[11:47] <+werner> holland
[11:47] <+werner> nederland
[11:47] <+pat255> k...
[11:47] <+pat255> thot u are in Canada too..
[11:48] <+werner> no
my english is bad:((
[11:50] <+pat255> np ty
[12:04] <@wrbtrader> This pullback is very low volatility and shallow in the retracement.
[12:04] <@wrbtrader> It's setting up for something.
[12:04] <+pat255> looks like will shoot up ..
[12:04] <+Tigerman> yep in nq is setting a triangle
[12:06] <+jbuch> financials trending up all day
[12:17] <+codehead> dollar knifed and came all the way back
[12:17] <+mo2t> see no triangle on NQ, NQ is on 50% fib of last swing
[12:17] <+mo2t> YM too
[12:19] <JimL> here's good example & practical use of NYSE Tick in intraday futures trading
http://traderfeed.blogspot.com/2010/03/ ... raday.html[12:31] <+Risk> Long TF @ 689.8 «« simulator »»
[12:36] <+Risk> Exited 1/2 TF Long @ 690.4 --> + 0.6 «« simulator »»
[12:37] <+Risk> Exited Remainder TF Long @ 690.4 --> + 0.6 «« simulator »»
[12:38] <+Risk> chickened out
[12:38] <+Risk> lunch time
[12:38] <+Risk> excuses
[12:38] <+Risk>
)
[12:46] <+mo2t> HOD on YM
[12:48] <+codehead> 1176.50 is res btw
[12:52] <+JimL1> Shorts TF @ 691.3 «« simulator »»
[12:52] <+JimL1> 3
[12:54] <+codehead> short SPY 117 April puts
[12:54] <+codehead> 1.26
[12:55] <+codehead> i should say i'm long the puts
[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[13:01] <+JimL1> Covered 1/3 TF Short @ 690.3 --> + 1 «« simulator »»
[13:05] <+JimL1> Covered 2/3 TF Short @ 690.3 --> + 1 «« simulator »»
[13:05] <+JimL1> exit stop set TF @ 690.9 «« simulator »»
[13:07] <+JimL1> Shorts TF @ 690.7 -> Add «« simulator »»
[13:07] <+JimL1> 1
[13:08] <+JimL1> Covered all TF Short @ 690.9 --> + 0.2 «« simulator »»
[13:14] <+JimL1> Shorts TF @ 690.6 «« simulator »»
[13:14] <+JimL1> 1
[13:15] <+JimL1> Covered all TF Short @ 690.3 --> + 0.3 «« simulator »»
[13:45] <+codehead> exit +.14 on SPY puts, i dont' like watching puts, distracting, was going to go for .50 originally
[14:06] <+jbuch> hey everybody, wow it tanked
[14:06] <+codehead> dollar rocketed
[14:07] <+jbuch> can't find any news wonder if just profit taking
[14:14] <@wrbtrader> Just got back from an extended lunch
[14:19] <@wrbtrader> Long TF @ 686.80 -> small size
[14:19] <@wrbtrader> 3 only
[14:22] <+Risk> i have a funny feeling that we hit the top
[14:23] <@wrbtrader> that's a lot of pressure on the downside with that rollover
[14:23] <@wrbtrader> Exited all TF Long @ 686.30 --> - 0.5
[14:24] <@wrbtrader> Had it cleared the 687.60 I would have reached my profit target
[14:25] <@wrbtrader> Shorts TF @ 685.00 -> small size
[14:25] <@wrbtrader> 3 only
[14:27] <@wrbtrader> weak support developing
[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[14:29] <@wrbtrader>
[14:29] <+JimL1> Shorts TF @ 684.5 «« simulator »»
[14:29] <+JimL1> 1
[14:30] <+JimL1> Shorts TF @ 684.4 -> Add «« simulator »»
[14:30] <+JimL1> 1
[14:30] <+JimL1> Shorts TF @ 684.3 -> Add «« simulator »»
[14:30] <+JimL1> 1
[14:30] <@wrbtrader> Covered 2/3 TF Short @ 683.80 --> + 1.2
[14:31] <+JimL1> Covered 1/3 TF Short @ 683.6 --> + 0.7 «« simulator »»
[14:31] <@wrbtrader> Covered Remainder TF Short @ 684.60 --> + 0.4
[14:31] <@wrbtrader> geeesh
[14:31] <+JimL1> Covered 2/3 TF Short @ 683.9 --> + 0.6 «« simulator »»
[14:31] <+JimL1> Covered Remainder TF Short @ 684.3 --> + 0.2 «« simulator »»
[14:31] <@wrbtrader> 2nd trade of the day my remainder trail got pick pocketed
[14:32] <+JimL1> Long TF @ 684.4 «« simulator »»
[14:32] <+JimL1> 1
[14:33] <@wrbtrader> By the way, prior Short was a trade signal and the recent Long was an "intution" trade.
[14:33] <@wrbtrader> meant intuition
[14:33] <+JimL1> Exited all TF Long @ 684.7 --> + 0.3 «« simulator »»
[14:34] <@wrbtrader> Weird...I didn't trade much yesterday due to an appointment with the tax accountant and finish with +5.2 points
[14:34] <@wrbtrader> That's where I'm sitting at right now +5.2 points
[14:35] <@wrbtrader> Will take another trade so that I can call it quits early today via different profit level (superstitious).
[14:36] <+Tigerman>
[14:36] <+JimL1> Long TF @ 684.4 «« simulator »»
[14:36] <+JimL1> 1
[14:36] <+JimL1> Long TF @ 684.3 -> Add «« simulator »»
[14:36] <+JimL1> 1
[14:37] <+JimL1> Exited all TF Long @ 684.5 --> + 0.3 «« simulator »»
[14:40] <+JimL1> Shorts TF @ 684.8 «« simulator »»
[14:40] <+JimL1> 3
[14:40] <+JimL1> Covered all TF Short @ 685 --> - 0.2 «« simulator »»
[14:41] <+JimL1> Shorts TF @ 685.1 «« simulator »»
[14:41] <+JimL1> 3
[14:41] <@wrbtrader> be back later...more family stuff that caused me to miss the rollover from the intraday highs
[14:43] <+JimL1> Covered all TF Short @ 685.4 --> - 0.3 «« simulator »»
[14:44] <+JimL1> Shorts TF @ 685.2 «« simulator »»
[14:44] <+JimL1> 3
[14:46] <+JimL1> Covered all TF Short @ 684.8 --> + 0.4 «« simulator »»
[14:46] <+Risk> Shorts TF @ 684.5 «« simulator »»
[14:47] <+JimL1> Long TF @ 684.3 «« simulator »»
[14:47] <+JimL1> 2
[14:48] <+JimL1> Exited all TF Long @ 684.8 --> + 0.5 «« simulator »»
[14:48] <+Risk> Covered all TF Short @ 684.9 --> - 0.4 «« simulator »»
[14:49] <+JimL1> Shorts TF @ 684.6 «« simulator »»
[14:49] <+JimL1> 1
[14:49] <+JimL1> Covered all TF Short @ 684.3 --> + 0.3 «« simulator »»
[14:52] <+JimL1> bleep that trlng stop
[14:53] <+JimL1> Shorts TF @ 683.6 «« simulator »»
[14:53] <+JimL1> 3
[14:54] <+JimL1> Covered 1/3 TF Short @ 683.3 --> + 0.3 «« simulator »»
[14:54] <+JimL1> Covered all TF Short @ 683.8 --> - 0.2 «« simulator »»
[14:56] <+JimL1> Shorts TF @ 683.8 «« simulator »»
[14:56] <+JimL1> 2
[14:57] <+JimL1> Covered all TF Short @ 683.6 --> + 0.2 «« simulator »»
[15:00] <+JimL1> wait until after 3 trend
[15:02] <+Risk> gold is on fire
[15:07] <+codehead> wow dollar nutty today
[15:08] <+JimL1> now gotta figure out if trend is real & when to join
[15:10] <+JimL1> Shorts TF @ 685.5 «« simulator »»
[15:10] <+JimL1> 2
[15:12] <+JimL1> Covered 1/2 TF Short @ 685.2 --> + 0.3 «« simulator »»
[15:12] <+JimL1> Covered Remainder TF Short @ 685 --> + 0.5 «« simulator »»
[15:13] <+JimL1> 685.3 stop
[15:13] <+jbuch> Long ES @ 1170.25
[15:14] * falcon-afk is now known as falcon
[15:15] <+JimL1> Long TF @ 685.5 «« simulator »»
[15:15] <+JimL1> 1
[15:15] <+JimL1> Long TF @ 685.4 -> Add «« simulator »»
[15:15] <+JimL1> 1
[15:15] <+JimL1> Long TF @ 85.3 -> Add «« simulator »»
[15:16] <+JimL1> Exited all TF Long @ 685 --> + 599.2 «« simulator »»
[15:16] <+Risk> Shorts GC @ 1093.9 «« simulator »»
[15:18] <@wrbtrader> Shorts TF @ 684.60 -> small size
[15:18] <@wrbtrader> 1 only
[15:18] <+JimL1> Shorts TF @ 684.7 «« simulator »»
[15:18] <+JimL1> 3
[15:19] <+JimL1> Covered 1/3 TF Short @ 684.3 --> + 0.4 «« simulator »»
[15:19] <+jbuch> Exited all ES Long @ 1169.25 --> - 1
[15:19] <@wrbtrader> 1 contract only because I'm more bullish than bearish...only looking for a point on this short prior to trying to look for a Long position
[15:19] <+Risk> Covered 1/2 GC Short @ 1093.8 --> + 0.1 «« simulator »»
[15:19] <+Risk> Covered 1/2 GC Short @ 1093.8 --> + 0.1 «« simulator »»
[15:20] <+JimL1> Covered Remainder TF Short @ 685 --> - 0.3 «« simulator »»
[15:21] <+Risk> Risk u r a chicken
[15:21] <+Risk> sorry
[15:22] <+JimL1> Long TF @ 684.5 «« simulator »»
[15:22] <+JimL1> 1
[15:22] <+JimL1> Long TF @ 684.6 «« simulator »»
[15:22] <+JimL1> 1
[15:23] <+JimL1> Exited Remainder TF Long @ 684.3 --> - 0.3 «« simulator »»
[15:24] <+JimL1> Long TF @ 684.5 «« simulator »»
[15:24] <@wrbtrader> Covered TF Short @ 684.60 --> 0
[15:24] <+JimL1> 3
[15:24] <@wrbtrader> not going any where
[15:25] <+JimL1> Exited all TF Long @ 684.6 --> + 0.1 «« simulator »»
[15:28] <+JimL1> Shorts TF @ 684.6 «« simulator »»
[15:28] <+JimL1> 3
[15:32] <+JimL1> Covered 1/3 TF Short @ 683.6 --> + 1 «« simulator »»
[15:33] <+Risk> Shorts GC @ 1093.1 «« simulator »»
[15:33] <+Risk> Covered 1/2 GC Short @ 1091.9 --> + 1.2 «« simulator »»
[15:34] <+Risk> cann't type that fast
[15:34] <+JimL1> Covered 1/3 TF Short @ 683.4 --> + 1.2 «« simulator »»
[15:34] <+Risk> Covered Remainder GC Short @ 1092.2 --> + 0.9 «« simulator »»
[15:34] <+Risk> RRRRRRRRRRRRRRRRRRRr
[15:35] <+Risk> did it again
[15:35] <+Risk> got out 2 soon
[15:36] <+Risk> i should not complain. I am on a roll
)
[15:37] <+JimL1> Covered Remainder TF Short @ 682.6 --> + 2 «« simulator »»
[15:37] <+Risk> if i can keep this up with real money you guys will need an appointment to have an appointment with me
[15:38] <+screenstruck> heh
[15:38] <+Risk> GC is like a sinking sub
[15:39] <+Risk> just noticed that the whole fleet is sinking
[15:40] <@wrbtrader> breaking through another support area
[15:41] <@wrbtrader> it held...weak support developing
[15:41] <+JimL1> misread of support/tick extreme & trade error on last contract close
[15:43] <+JimL1> Long TF @ 680.4 «« simulator »»
[15:43] <+JimL1> 1
[15:44] <@wrbtrader> TF gap filled
[15:44] <pat255> just got back from dental office
[15:44] <+pat255> oh my what a drop
[15:44] <+Risk> it feels like we r in a dental office
[15:45] <+JimL1> Exited all TF Long @ 680.9 --> + 0.5 «« simulator »»
[15:45] <@wrbtrader> Shorts TF @ 679.90 -> small size
[15:45] <@wrbtrader> 3 only
[15:45] <@wrbtrader> that was an easy support failure to catch
[15:46] <@wrbtrader> also a FADE of a bullish signal I got
[15:48] <@wrbtrader> Covered all TF Short @ 678.80 --> + 1.1
[15:48] <+JimL1> Long TF @ 678.5 «« simulator »»
[15:48] <+JimL1> 2
[15:48] <@wrbtrader> just got my trailing stop picked pocketed
[15:49] <+JimL1> Exited all TF Long @ 677.9 --> - 0.6 «« simulator »»
[15:49] <@wrbtrader> next support level a good distance away
[15:50] <@wrbtrader> must now wait for some contraction to possibly setup a new support level
[15:50] <+JimL1> Long TF @ 677.6 «« simulator »»
[15:50] <+JimL1> 2
[15:51] <+JimL1> Exited 1/2 TF Long @ 678.2 --> + 0.6 «« simulator »»
[15:51] <+JimL1> Exited all TF Long @ 678 --> + 0.4 «« simulator »»
[15:52] <@wrbtrader> contraction developed
[15:52] <@wrbtrader> weak support developing
[15:53] <@wrbtrader> Long TF @ 678.40 -> small size
[15:53] <@wrbtrader> 2 only
[15:55] <@wrbtrader> Exited all TF Long @ 678.00 --> - 0.4
[15:55] <@wrbtrader> Shorts TF @ 677.80 -> small size
[15:56] <@wrbtrader> 2 only
[15:56] <@wrbtrader> support broken but will it stay below .40
[15:57] <@wrbtrader> so far that's a YES
[15:57] <+pat255> vn N ....
[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[15:58] <+pat255> cud not S here but ther u go
[15:58] <+mo2t> wrbtrader you was right ... really big trend day today. how did you predict it?
[15:59] <@wrbtrader> Covered all TF Short @ 676.20 --> + 1.6
[15:59] <@wrbtrader> Actually, I didn't predict "today" was going to be a trend day nor have a strong parabolic price movement...
[16:00] <@wrbtrader> I just stated one will occur here "very soon".
[16:00] <@wrbtrader> I said that because all the ducks lined up perfectily.
[16:01] <+mo2t> ... .I wouldn't be surprise we see a trend day here soon...very soon.
[16:01] <+mo2t> BIG trend day.
[16:01] <@wrbtrader> 1. Global economic problem in the news as in credit debt problems with Portugal
[16:01] <@wrbtrader> 2. Yields gap strongly at the Open
[16:01] <@wrbtrader> 3. Treasury futures weren't doing so hot (declining)
[16:02] <@wrbtrader> 4. We had a FED speech today and a key economic report today
[16:02] <+screenstruck> where do you check the yields?
[16:02] <@wrbtrader> All that produces "strong volatility"
[16:02] <@wrbtrader> What caught me off guard was I was expecting that "strong volatility" to show up in the Eminis out of the gate and it didn't.
[16:03] <+werner> Long NQ @ 1947.50
[16:03] <+Risk> what r symbols 4 Treasurey futures?
[16:03] <@wrbtrader> It started developing around 11am est
[16:04] <@wrbtrader> then it slowed at the top when I wasn't trading then it picked up big time while I was away to push the market downwards
[16:04] <@wrbtrader> ZB, ZN, ZF and ZT in order of liquidity
[16:04] <@wrbtrader> Those are the futures.
[16:05] <@wrbtrader> Symbols for the Yields can be anything depending upon the data vendor
[16:05] <+werner> Exited all NQ Long @ 1949.00 --> + 1.5
[16:05] <+screenstruck> ok
[16:05] <+mo2t> hm, nice...
[16:05] <+screenstruck> will look thanks
[16:05] <@wrbtrader> My vendor uses $FVX, $TNX, $TYX
[16:06] <+Risk> thanks
[16:06] <@wrbtrader> I also watch the $DJCBTI for the Dow Jones CBOT Treasury Index
[16:06] <+screenstruck> yeah same on esignal
[16:06] <+screenstruck> thanks
[16:06] <@wrbtrader> As you know the Yields are "inverse" price action of the treasury futures
[16:06] <+werner> 46 is yesterdays lod
[16:07] <+Risk> those symbols r for the options.....
[16:07] <@wrbtrader> In contrast the Dow Jones CBOT Treasury Index is similar (correlated) to the treasury futures
[16:07] <@wrbtrader> Risk...yes...Yield Options
[16:07] <+Risk> ok found them
[16:07] <+Risk> why not watch ZN ZB and such?
[16:08] <+mo2t> thank you wrbtrader. so have a nice evening all, have to go... no trade today. just looking, have other job.
[16:08] <@wrbtrader> I do but I can only see the "all globex session".
[16:08] <@wrbtrader> Thus, can't see the normal regular session gaps.
[16:08] <@wrbtrader> That's what the Yields are for
[16:08] <@wrbtrader> I can see the gaps in those if/when they occur
[16:09] <@wrbtrader> data vendor problem
[16:09] <@wrbtrader> Thus, I only use the Yields for the gap info.
[16:11] <@wrbtrader> I forgot to mention one important reason to my "big trend day" commentary.
[16:11] <@wrbtrader> Yesterday we had "volatility contraction".
[16:11] <+Risk> correlations don't last. Look @ gold in the last few days. Also currencies used 2 b good confirming instruments but recently not so much
[16:11] <@wrbtrader> Expansion --> Contraction --> Expansion Analysis
[16:12] <@wrbtrader> Agree but when correlations are there...they can be exploited.
[16:12] <@wrbtrader> However, I don't look at one correlation.
[16:12] <@wrbtrader> Like I said...I need "all the ducks" to line up...not one.
[16:13] <+Risk> narrow range days have no statistical validity. I haven't found any rule like - if we have 1 narrow range day > the next day will be a wide range day
[16:13] <@wrbtrader> Risk...I've been using them profitably for 20 years
[16:13] <@wrbtrader> However, I don't use narron range days.
[16:13] <@wrbtrader> I use volatility expansion contraction analysis.
[16:14] <@wrbtrader> There's a difference...big difference
[16:14] <+Risk> how do u define volatility?
[16:15] <@wrbtrader> Expansion --> Contraction --> Expansion
[16:15] <@wrbtrader> Contraction a minimum of 3 intervals and one of the Expansion days a special type of volatility spike.
[16:15] <+Risk> so we can have a wide range day with low volatility and vice versa
[16:16] <@wrbtrader> close enough
[16:16] <+Risk>
[16:16] <@wrbtrader> Narrow range days ignores one of the expansion days
[16:17] <@wrbtrader> They also ignore any gap inputs
[16:17] <@wrbtrader> Also...a big difference...
[16:17] <@wrbtrader> Usually when someone is using Narrow Range Days they aren't doing any "intermarket analysis" of other key markets.
[16:18] <@wrbtrader> In contrast, usually when someone using Volatility analysis they are concerned about what other key markets are doing.
[16:18] <+Risk> thnks. have 2 go. bye
[16:18] <+Tigerman> great tips on volatility wrb
[16:19] <@wrbtrader> Another way to look at it...Narrow Range Day Analysis is a lot easier to apply but I've never really like it that much.
[16:19] <+Tigerman> your view and shared exerience is a nice thing
[16:19] <@wrbtrader> I don't have enough info about the big picture via Narrow Range Day Analysis
[16:19] <@wrbtrader>
[16:19] <+Risk> i will read the reast when i come home
[16:20] <@wrbtrader> I don't usually shout out loud when a Big trend day is coming but when I do...I'm usually correct most of the time.
[16:20] <+Tigerman> the problem is to spot the spike after contracting days
[16:20] <@wrbtrader> Yeah...that's a problem
[16:21] <@wrbtrader> I like it when there's Global issues hitting the newswire...
[16:21] <@wrbtrader> That's a bit clue to me about the volatility pending
[16:21] <@wrbtrader> Market loves breaking global economic info
[16:22] <+Tigerman> many folk wanna take positions..
[16:22] <@wrbtrader> Yeah...I'm not trying to pick a precise entry...I just want to capture a small part of the move.
[16:22] <@wrbtrader> It all adds up by the end of each month
[16:23] <+Tigerman> yes and it is counterintuitive..
[16:23] <+Tigerman> many wanna buy low and sell high
[16:25] <+werner> gn all
[16:25] <+Tigerman> gn werner
[16:25] <+werner> gn tigerman
Session Close: Thu Mar 25 16:43:00 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)
Skype Messenger: kebec2002
questions@thestrategylab.comGo Back To TheStrategyLab.com Homepage
