#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 Apr 07 09:21:37 2010
Session Ident: #FuturesTrades
[09:21] * Now talking in #FuturesTrades
[09:21] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:28] <drt>
all
[09:29] <pat255>
[09:36] <@wrbtrader> Shorts TF @ 696.90 -> medium size
[09:36] <@wrbtrader> 4 only
[09:36] <@wrbtrader> lost 5 ticks on the entry due to a data stall
[09:36] <@wrbtrader> Covered all TF Short @ 697.50 --> - 0.6
[09:36] <+pat255>
[09:38] <werner>
all
[09:39] <+werner> Long NQ @ 1975.50
[09:39] * falcon-IFR is now known as falcon
[09:40] <+werner> Exited all NQ Long @ 1976.50 --> + 1
[09:40] <ArcTrader> BUY ES 83.50
[09:41] <+ArcTrader> T1: 84.25
[09:43] <@wrbtrader> Long TF @ 699.20 -> medium size
[09:43] <@wrbtrader> 4 only
[09:43] <@wrbtrader> intuition
[09:45] <@wrbtrader> starting to look like that creeper up movement we saw yesterday that was tough to remain in a Long position
[09:45] <+ArcTrader> T2: 85
[09:46] <@wrbtrader> Exited all TF Long @ 699.30 --> + 0.1
[09:47] <@wrbtrader> Arc...can you explain your market analysis codes in your "trader profile" at the FTCHAT forum so that others can use as a reference to what you're talking about...thanks.
[09:47] <+werner> the prop here is ...i am not greedy
[09:48] <+ArcTrader> sure thing
[09:48] <@wrbtrader> I'm assuming T1 and T2 equals Target 1 and Target 2
[09:48] <+ArcTrader> yes, I usually go for 2 targets
[09:49] <@wrbtrader> Long TF @ 699.10 -> medium size
[09:49] <@wrbtrader> 4 only
[09:49] <@wrbtrader> same as prior trade
[09:51] <@wrbtrader> Exited all TF Long @ 698.60 --> - 0.5
[09:51] <@wrbtrader> Long TF @ 699.10 -> medium size
[09:52] <@wrbtrader> 4
[09:52] <@wrbtrader> 1 than 3
[09:53] <@wrbtrader> Exited all TF Long @ 699.90 --> + 0.8
[09:53] <+pat255> vn
[09:54] <jbuch> Shorts ES @ 1183.75
[09:57] <@wrbtrader> weak support area
[09:59] <@wrbtrader> Shorts TF @ 699.00 -> small size
[09:59] <@wrbtrader> 3 only
[10:01] <+ArcTrader> SH ES 82.5
[10:01] <@wrbtrader> OIH and XLE lost their support
[10:02] <+pat255> y nice S looking L but ...
[10:03] <+werner> Shorts NQ @ 1976.50
[10:03] * codehead_afk is now known as codehead
[10:06] <+ArcTrader> T1: was 81.5 / covered 83
[10:06] <@wrbtrader> Covered all TF Short @ 698.70 --> + 0.3
[10:07] <+jbuch> Covered all ES Short @ 1183.25 --> + 0.5
[10:08] <+pat255> vn guys with this chop
[10:09] <+werner> Covered all NQ Short @ 1979.50 --> - 3
[10:11] <+pat255> L 99.1 TF
[10:11] <+jbuch> Long ES @ 1184
[10:12] <@wrbtrader> weak resistance area for TF
[10:12] <+werner> yep
[10:12] <+werner> nq also
[10:13] <+pat255> out b/e sigh
[10:14] <@wrbtrader> Shorts TF @ 699.00 -> small size
[10:14] <@wrbtrader> now everybody else struggling a little at a weak resistance area
[10:14] <@wrbtrader> 2 only
[10:15] <@wrbtrader> Covered all TF Short @ 699.50 --> - 0.5
[10:16] <JimL1> Shorts TF @ 699.5 «« simulator »»
[10:16] <+JimL1> 3
[10:16] <+ArcTrader> 584: 84.76-82.66 Rng in effect
[10:16] <+jbuch> Exited all ES Long @ 1184 --> 0
[10:17] <+JimL1> Covered all TF Short @ 699.2 --> + 0.3 «« simulator »»
[10:17] <@wrbtrader> Shorts TF @ 699.20 -> small size
[10:17] <@wrbtrader> 2 only
[10:20] <@wrbtrader> Covered all TF Short @ 699.40 --> - 0.2
[10:20] <@wrbtrader> two good tries at that price area...its
hard
[10:22] <+werner> Shorts NQ @ 1981.00
[10:22] <mo2t> Shorts YM @ 10889
[10:23] <@wrbtrader> Long TF @ 699.20 -> small size
[10:23] <@wrbtrader> 2 only
[10:23] <@wrbtrader> intuition
[10:24] <+ArcTrader> <yawn> rng now 82.59-84.89 brb
[10:25] <@wrbtrader> I'm looking for a retest of 699.60 before TF decides if to go higher or drop especially with the pending 1030am est EIA Petroleum Status Report
[10:25] <@wrbtrader> tighten stop
[10:27] <+JimL1> something needs to happen to breakout of the morning range
[10:27] <+werner> Covered 1/2 NQ Short @ 1981.00 --> 0
[10:27] <+werner> sorry is all
[10:27] <+werner> Covered Remainder NQ Short @ 1981.00 --> 0
[10:27] <+mo2t> Covered all YM Short @ 10892 --> - 3
[10:27] <codehead> oil inventories coming up
[10:28] <+pat255> 2 mins to crude
[10:30] <+werner> Shorts NQ @ 1980.00
[10:30] <@wrbtrader> Exited all TF Long @ 699.10 --> - 0.1
[10:30] <@wrbtrader> The range is still holding tightly
[10:31] <Risk> Shorts GC @ 1148 «« simulator »»
[10:31] <@wrbtrader> Long TF @ 699.30 -> small size
[10:31] <@wrbtrader> 2 only
[10:31] <+Risk> Covered 1/2 GC Short @ 1147.4 --> + 0.6 «« simulator »»
[10:32] <@wrbtrader> same as prior trade
[10:32] <+Risk> Covered Remainder GC Short @ 1147.4 --> + 0.6 «« simulator »»
[10:33] <+jbuch> Long ES @ 1183.25
[10:33] <@wrbtrader> geeesh...where's the volatility
[10:33] <+pat255> dead
[10:33] <@wrbtrader> Just us retail traders and few at that
[10:33] <+pat255> cl moved on reprt
[10:34] <@wrbtrader> Big boys asleep today so far
[10:36] <+jbuch> Exited all ES Long @ 1183.5 --> + 0.25
[10:36] <+jbuch> gotta go
[10:37] <+mo2t> Long NQ @ 1980
[10:37] <+werner> Covered all NQ Short @ 1980.25 --> - 0.25
[10:38] <+werner> what a mess
[10:38] <@wrbtrader> Yeah...I need to take a break here soon to do something (got to make an important phone call about my passport renewal).
[10:38] <@wrbtrader> Exited all TF Long @ 699.40 --> + 0.1
[10:38] <+Risk> Shorts GC @ 1147.1 «« simulator »»
[10:38] <@wrbtrader> be back later
[10:39] <+werner> indd need a break to
[10:40] <+werner> Shorts NQ @ 1979.25
[10:40] <+Risk> Covered 1/2 GC Short @ 1146.7 --> + 0.4 «« simulator »»
[10:40] <+mo2t> Exited all NQ Long @ 1979.25 --> - 0.75
[10:41] <+werner> Covered 1/2 NQ Short @ 1977.50 --> + 1.75
[10:41] <+Risk> Covered Remainder GC Short @ 1146.4 --> + 0.7 «« simulator »»
[10:42] <+werner> Covered Remainder NQ Short @ 1976.50 --> + 2.75
[10:43] <+werner>
[10:50] <@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[10:52] <+ArcTrader> back -- mssed that move rng break 82.39
[11:03] <@wrbtrader> Ok...I'm back
[11:03] <@wrbtrader> Hmmm...missed a nice price drop
[11:03] <+ArcTrader> SH ES 79.25
[11:03] <@wrbtrader> Shorts TF @ 695.00 -> small size
[11:04] <@wrbtrader> ooops
[11:04] <@wrbtrader> Shorts TF @ 696.00 -> small size
[11:04] <@wrbtrader> 2 only
[11:04] <+ArcTrader> see if it's got one more leg (small)
[11:04] <+JimL1> Shorts TF @ 696.6 «« simulator »»
[11:04] <@wrbtrader> Covered all TF Short @ 696.60 --> - 0.6
[11:05] <@wrbtrader> geeesh...I hate those types of stop outs that hits your stop within seconds after entry
[11:05] <+ArcTrader> covered 80
[11:05] <+ArcTrader> yep ..lol
[11:05] <+JimL1> Covered 1/3 TF Short @ 695.9 --> + 0.7 «« simulator »»
[11:05] <+JimL1> exit stop set TF @ 696.4 «« simulator »»
[11:06] <+JimL1> Trailing Stop Hit TF @ 696.4 --> + 0.2 «« simulator »»
[11:07] <+JimL1> what a reversal of the bottom
[11:07] <+ArcTrader> lunch a big factor just noticed I shouldn't be trading now anyway.
[11:07] <@wrbtrader> Long TF @ 697.50 -> small size
[11:07] <@wrbtrader> 2 only
[11:08] <@wrbtrader> Long TF @ 697.20 -> Add
[11:08] <@wrbtrader> 3 added
[11:08] <+JimL1> was preparing to manage runner shrt, & whammo, missed all the long
[11:10] <@wrbtrader>
[11:11] <+Risk> Shorts TF @ 698.3 «« simulator »»
[11:11] <@wrbtrader> Exited TF Long @ 698.30 --> + 1.9
[11:11] <@wrbtrader> remainders at profit trail
[11:12] <@wrbtrader> be right back
[11:13] <+Risk> Covered 1/2 TF Short @ 698.1 --> + 0.2 «« simulator »»
[11:13] <+Risk> Covered Remainder TF Short @ 698.2 --> + 0.1 «« simulator »»
[11:14] <+Risk> lucky break
[11:14] <@wrbtrader> +0.8 on the 2 contracts...not +1.9
[11:14] <@wrbtrader> still holding the adds (3 contracts)
[11:14] <+Risk> send me the diff
[11:15] <@wrbtrader> Exited TF Long @ 699.10 --> + 1.6
[11:15] <+werner> vn
[11:15] <@wrbtrader> Holding 2 contract remainders
[11:15] <+jbuch> hey everyone
[11:15] <@wrbtrader> got more data stalls
[11:15] <+werner> yo jbuch
[11:15] <+Risk> Shorts TF @ 699 «« simulator »»
[11:16] <+Risk> Covered 1/2 TF Short @ 698.8 --> + 0.2 «« simulator »»
[11:16] <+jbuch> Long ES @ 1181.75 -> large size
[11:17] <+Risk> Covered Remainder TF Short @ 698.8 --> + 0.2 «« simulator »»
[11:17] <+Risk> another lucky break
[11:17] <+Risk> I won't push it for a 3rd one
[11:18] <@wrbtrader> Exited TF Long @ 699.60 --> + 2.1
[11:18] <@wrbtrader> Holding 1 contract remainder
[11:18] <+pat255> vn
[11:18] <@wrbtrader> This is some WEIRD price action since the Easter Holidays.
[11:19] <+codehead> yeah
[11:19] <+codehead> Ym bounce exactly .500
[11:19] <+codehead> and hit the biggest bounce i thought possible
[11:20] <+codehead> NQ came back almost 100%
[11:20] <+codehead> i did calc this level for Ym as being possible bounce target, but seemed too easy
[11:20] <+JimL1> today in particular, the drop came w/o signals, consolidated broke again & volatile reversal up
[11:20] <+jbuch> Exited all ES Long @ 1182 --> + 0.25
[11:21] <+Risk> Berny speaks @ 1:30
[11:21] <+Risk> Consumer credit report @ 3PM
[11:22] <+jbuch> I like the phrase flopping around like a dying fish
[11:22] <+JimL1> this fish is jumping in & out of the boat today
[11:23] <+jbuch> shoot moved my stop up to fast
[11:24] <+Risk> raining cats and dogs here (sometimes water too)
[11:24] <+jbuch> pretty good tick divergance
[11:25] <+jbuch> won't take a short but scaring me away from reentering long
[11:25] <+codehead> YM just not turning back--taken a 1 tick trade and a 2 ticks trade :-(
[11:25] <+codehead> cuz i don't like the fact it's totally stuck
[11:27] <+werner> there is some weak sup here at nq and tf i think ..but es and ym weak res
[11:27] <+werner> so i take a break...
[11:35] <@wrbtrader> Exited Remainder TF Long @ 698.30 --> + 0.8
[11:58] <+codehead> short Ym 10891 <paper>
[11:59] <+codehead> my timing's been bad today, switch to paper for a bit
[11:59] <+ArcTrader> 584: 83.8-81.36 rng in effect
[12:03] <+Risk> 4y^2 :59-60.1 poop in diapers
[12:03] <+Risk> btw the above is my new trading system
[12:07] <+ArcTrader> kewl, that's why this is a journal so you can follow what you were seeing during the day, not a room to call trades for all, if I read the instructions correctly? There are plenty of rooms that do that out there, I don't expect you to follow my trades or analysis.
[12:08] <+Risk> no offence AT but what is the porpose of posting criptic stuff here?
[12:08] <+codehead> cover YM +2 <paper>
[12:09] <+codehead> not going to watch it even
[12:09] <+Risk> ch - it's lunch time
[12:09] <+codehead> not unreasonable arc, but then why post publically?
[12:10] <+Risk> i have a rule (that i don't follow all the tiem
) which is not 2 trade between 11:30 and 14:00 EST
[12:10] <+codehead> i think one of the reasons to post here is that even a paper trade, you are putting yourself on the line, in public view, which makes you think abotu ti more
[12:10] <+codehead> but if no ones knows what you said... might as well be done privately
[12:12] <+Risk> maybe AC is a secret agent and he communicates with his headquarters in code through this room
????
[12:14] <+Risk> anyway, ch, what do u think (or anyone else) about not trading during specific hours?
[12:14] <+werner> ai
[12:15] <+Risk> hey werner. had your drink of Scotch for lunch
[12:15] <+werner> not yet
[12:16] <+Risk> forgot . it's almost dinner time 4 u
[12:16] <+jbuch> Long ES @ 1182.75 -> small size
[12:16] <+werner> i had my dinner
[12:16] <+jbuch> look at that u guys ran him
[12:16] <+Risk>
[12:17] <+jbuch> whata clicky bunch we have become
[12:17] <+jbuch> like a bunch of old ladies
[12:17] <+Risk> we just want 2 learn .....
[12:17] <@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[12:17] <+werner> you made ac angry
[12:17] <+werner> he is gone
[12:17] <+Risk> why?
[12:17] <+Risk> oh yes
[12:17] <+Risk> i did not notice
[12:17] <+jbuch> not me I did not say a peep
[12:18] <+Risk> me neither
[12:18] <+Risk> it was Risk
[12:18] <+werner> [18:12] <+Risk> maybe AC is a secret agent and he communicates with his headquarters in code through this room
????
[12:18] <+werner> [18:14] * +ArcTrader (~IceChat7@adsl-65-226-62.bgk.bellsouth.net) Quit (Copywight 2007 Elmer Fudd. All wights wesewved.)
[12:18] <+Risk> yep. i c it now
[12:18] <+werner> lol jbuch
[12:19] <+Risk> .
[12:19] <+Risk> [12:14:42] <Risk> anyway, ch, what do u think (or anyone else) about not trading during specific hours?
[12:19] <+jbuch> Exited all ES Long @ 1182 --> - 0.75
[12:21] <+werner> you mean at lunch time, or regular or all sessions
[12:23] <+Risk> any times that one thinks that it is not such a good idea to take a risk
[12:23] <+jbuch> I am definetly more cautious at lunch I still trade but that is because I am an addict
[12:23] <+Risk> lunch time would be one of them
[12:24] <+Risk> on the flip side I am looking at the merits of trading between 8AM and 9:30AM
[12:24] <+Risk> the moves seem to be smaller but the market is quite directional
[12:24] <+Risk> meaning not erratic as if it is on crack
[12:25] <+werner> i try to see if it is in a range if so i try not to trade and wait
[12:25] <+Risk> except 4 news times which as a rule I don't trade 5-10 minutes b4 and at least 15 min after
[12:25] <+werner> [17:27] <+werner> there is some weak sup here at nq and tf i think ..but es and ym weak res
[12:25] <+werner> [17:27] <+werner> so i take a break...
[12:26] <+Risk> i c
[12:26] <+werner> like this
[12:26] <+werner> then i take a break
[12:27] <+werner> we are 1 hour after that and still in that range
[12:31] <+werner> probably sup again here or a bit lower
[12:34] <Sidhartha> Risk, I remember Sep34 saying, when he was on the other room, that he did an analysis that showed, at that time, his most profitable trade time was just prior to lunch... like 1130 - 1200
[12:34] <+Sidhartha> may have changed now... but point is, he tracked that pretty closely, and divided the day into 30 min secments
[12:34] <+Sidhartha> segments
[12:35] <+Sidhartha> anyway, I remember him saying that the results were counter to what he would have thought
[12:35] <+werner> looking to the 60 min ...ym has bad charts ..tf has good charts ...so which wil win??
[12:35] <+jbuch> interesting
[12:36] <+jbuch> thanks sid
[12:36] <+Sidhartha> yeah YM's been messy for a while... keeps flirting the idea of breaking some longer term trend lines...
[12:36] <+Risk> sid , was he talking about EST?
[12:36] <+Sidhartha> yeah
[12:36] <+Sidhartha> Risk yeah
[12:36] <+Risk> ok
[12:37] <+Sidhartha> I believe he posted a spreadsheet that's still on the forum
[12:38] <+werner> ok thnx sid
[12:40] <+Sidhartha> I just found it... under "tools of the trade" for those with access
[12:55] <+jbuch> shaping up to be another great day in the markets
[13:04] <+Sidhartha> bond auction moving this
[13:11] <+jbuch> Long ES @ 1184.5
[13:11] <+Risk>
http://www.digyourowngrave.com/cargo-bridge/[13:11] <+Risk> here is another game 2 drive u nuts
[13:15] <+jbuch> no thanks
[13:15] <+jbuch>
[13:16] <+Risk> jb you'll like it
[13:16] <+Risk> it has 2 do with framing
[13:16] <+jbuch> yeah right
[13:17] <+Risk> really
[13:17] <+Risk> if u don't like it, i'll give u your $$$ back
[13:17] <+Risk> it is easier than the last one
[13:19] <+jbuch> looks cool but no thanks
[13:20] <+Risk>
[13:21] <+jbuch> I am like a crack addict with that stuff
[13:27] <+jbuch> Exited all ES Long @ 1185.75 --> + 1.25
[13:28] <+jbuch> bernie is about to start talking I think
[13:46] <+codehead> ok, i'm officially sucking--3 Ym trades today, +1, +2, +1
[13:46] <+codehead> no heat, just when it didn't go my way right way, exit
[13:47] <@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[14:01] <+werner> Shorts NQ @ 1981.50
[14:03] <+Risk> i think he is done. Q&A soon
[14:03] <+jbuch> danka
[14:04] <+Risk> Sie sind willkommen
[14:05] <+Risk> bitte schön this is the correct answer but to get to it you have to translate "please beautiful"
[14:06] <+jbuch> a wealth of info:)
[14:11] <+werner> brb
[14:11] <+Risk> i wanted to short GC just BECAUSE. By the rules it should have been a long. Lucky me I put in a STP order that did not trigger (short) I must have my head examined
[14:13] <+Risk> CONCLUSION >>> FOLLOW THE RULES. act on facts not feelings
[14:13] <+Risk> this was 4 myself.....
[14:16] <+Risk> looks like the Q&A is done
[14:16] <+codehead> short YM 10879 <paper>
[14:16] <+werner> Covered 1/2 NQ Short @ 1980.00 --> + 1.5
[14:18] <+codehead> 4 pt stop now
[14:19] <+Risk> Shorts GC @ 1152.1 -> large size «« simulator »»
[14:20] <+codehead> exit YM -1 <paper>
[14:20] <+Risk> Covered 1/2 GC Short @ 1152.6 --> - 0.5 «« simulator »»
[14:20] <+Risk> 1151.6 +1
[14:20] <+codehead> oh well
[14:21] <+codehead> even my paper trades too jumpy today
[14:21] <+Risk> Covered Remainder GC Short @ 1151.1 --> + 1 «« simulator »»
[14:21] <+werner> Covered all NQ Short @ 1979.00 --> + 2.5
[14:22] <+Risk>
. made enough paper money
[14:23] <+Risk> [14:21:03] <Risk> 1151.6 +1 ERROR AGAIN +0.5 not 1 on the 1st half
[14:26] <@wrbtrader> weak support area for TF
[14:29] <+werner> ow ym
[14:30] <+werner> maybe the pull back shorten
[14:31] <@wrbtrader> I have a key price area @ 697.60
[14:31] <+werner> yes i see
[14:31] <+werner> 97.40 also pivot
[14:31] <+jbuch> hot diggidy what happened
[14:31] <@wrbtrader> Next one below that @ 697.10
[14:32] <+jbuch> I don't understand one of the experts on cnbc said that the market was going to keep going up for the rest of the day
[14:33] <@wrbtrader> Shorts TF @ 697.50 -> small size
[14:33] <@wrbtrader> 3 only
[14:33] <+werner> lol jb
[14:33] <rickf> gday
[14:34] <+jbuch> I think the s&p was at about 1185.5 when he made that call
[14:34] <+werner> look at nq 74.25
[14:34] <+werner> if that break...
[14:34] <+jbuch> whats happening rickf
[14:34] <@wrbtrader> both key price areas tested
[14:35] <+rickf> not much - boring market this week, so i am just staying out until something happens
[14:35] <+rickf> kinda thinking of taking a break from things until the market breaks down or explodes up ... this slow melt since feb is b-o-r-i-n-g
[14:36] <+werner>
[14:36] <+rickf> meh
[14:37] <+rickf> so i use the time to test some things i've been pondering, clean up my computer, and so forth
[14:37] <+rickf> quiet day here?
[14:38] <+werner> yeah tough
[14:39] <+werner> Long NQ @ 1975.75
[14:39] <@wrbtrader> support developing
[14:40] <@wrbtrader> volatility just died
[14:43] <+werner> Exited all NQ Long @ 1977.00 --> + 1.25
[14:44] <@wrbtrader> Covered all TF Short @ 698.50 --> - 1
[14:45] <+werner> 74.25 nq still sup
[14:46] <+werner> but weak res here i think
[14:47] <+werner> 1978
[14:47] <+werner> brb
[14:49] <@wrbtrader> Shorts TF @ 698.20 -> small size
[14:49] <@wrbtrader> 2 only
[14:56] <+werner> Shorts NQ @ 1974.25
[14:57] <@wrbtrader> Covered all TF Short @ 697.40 --> + 0.8
[14:57] <+rickf> short es 1179.75 paper
[15:00] <+JimL1> going into the last hour @ key swng pts
[15:01] <@wrbtrader> Shorts TF @ 696.50 -> medium size
[15:01] <@wrbtrader> 4 only
[15:01] <@wrbtrader> support broke
[15:01] <+rickf> exit 1/2 1177.25 +2.50
[15:02] <+rickf> paper
[15:02] <@wrbtrader> oooops...it didn't in other key markets
[15:02] <+werner> Covered all NQ Short @ 1971.25 --> + 3
[15:03] <@wrbtrader> It just did
[15:03] <+rickf> slowpokes
[15:03] <+werner>
[15:03] <@wrbtrader> 3pm boys doing a number on the market right now
[15:03] <+werner> maybe sup es here
[15:04] <+werner> 76.50
[15:05] <@wrbtrader> I'm still holding because other key markets have not tried to retrace just yet
[15:06] <+Sidhartha> no support in oil
[15:06] <+rickf> exit 1/2 es 1175.75 + 4 paper
[15:06] <+rickf> h2
[15:07] <@wrbtrader> Covered all TF Short @ 695.00 --> + 1.5
[15:07] <+werner> its all about price action and nothing else
[15:08] <@wrbtrader> Well...statistically a volatility spike occurs within (before during or after) the bond markets close @ 3pm est
[15:09] <@wrbtrader> I've actually been at an institutional firm to watch what happens at 3pm est...
[15:10] <@wrbtrader> As soon as those guys are done...some of the money is put to work by other traders in the office trading other key markets
[15:10] <+Sidhartha> interesting
[15:10] <+werner> ok thnx wrbtrader
[15:11] <@wrbtrader> It's just an "intraday tendency" that has no specific direction.
[15:11] <+Sidhartha> the traders must love front running those orders...
[15:11] <@wrbtrader> Instead, just got to "wait" for price to react and then see if something is tradable.
[15:11] <+rickf> exit 12/ es 1174.75 +5 paper
[15:11] <+rickf> h 1
[15:11] <+rickf> btw is off the 2m chart today
[15:13] <@wrbtrader> 2nd day in a roll that big volatility showed up in the late trading session.
[15:14] <+werner> yes i have heard that indd
[15:17] <@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[15:18] <+rickf> stop at 1177.25 to lock in 2.50 paper on the last remainder
[15:18] <+rickf> otherwise will let it ride
[15:21] <+werner> Long NQ @ 1967.50
[15:21] <+werner> brb
[15:22] <+werner> take a drink
[15:24] <+rickf> suspect another drop down is coming
[15:26] <+werner> Exited all NQ Long @ 1969.00 --> + 1.5
[15:28] <@wrbtrader> I'm waiting for the 15min chart to complete at 3:30pm est
[15:28] <+werner> lets look
[15:29] <+werner> i see
[15:29] <+werner> 95.60 res
[15:30] <+jbuch> Shorts ES @ 1175.75
[15:32] <+jbuch> Covered all ES Short @ 1176.25 --> - 0.5
[15:33] <+codehead> short ES 1176.00 <paper>
[15:33] <+jbuch> second short that I havelost money on in this move down
[15:34] <+rickf> ;(
[15:35] <+jbuch> hade one at 80.75 that I got stopped out on
[15:35] <+codehead> exit ES +.75 <paper>
[15:37] <+jbuch> Long ES @ 1175.75
[15:38] <+jbuch> Exited all ES Long @ 1176.75 --> + 1
[15:38] <+rickf> exit es 1177.25 +2.60 paper
[15:38] <+rickf> flat
[15:39] <@wrbtrader> Long TF @ 695.30 -> small size
[15:39] <+jbuch> total counter intuitive
[15:39] <@wrbtrader> 2 only
[15:39] <+jbuch> look at that bailed way to soon
[15:40] <@wrbtrader> Exited all TF Long @ 694.70 --> - 0.6
[15:40] <+jbuch> well maybe not
[15:40] <@wrbtrader> TF ran into a wall...a wall I can't see
[15:46] <+werner> Shorts NQ @ 1971.75
[15:47] <@wrbtrader> Long TF @ 694.80 -> small size
[15:47] <@wrbtrader> 2 only
[15:48] <+jbuch> Long ES @ 1177
[15:49] <@wrbtrader> resistance area
[15:50] <+werner> Covered all NQ Short @ 1971.75 --> 0
[15:50] <@wrbtrader> spiked through the resistance
[15:51] <+jbuch> Exited all ES Long @ 1177.75 --> + 0.75
[15:51] <@wrbtrader> Exited all TF Long @ 696.40 --> + 1.6
[15:51] <+werner> I dare not any more ... long jbuch..wrbtrader
[15:51] <+rickf> vn
[15:52] <+jbuch> thanks
[15:54] <+werner> Shorts NQ @ 1972.25
[15:55] <@wrbtrader> Long TF @ 696.50 -> small size
[15:55] <@wrbtrader> 2 only
[15:55] <@wrbtrader> intuition
[15:57] <+werner> i dont like adds but .....
[15:58] <+werner> pff
[15:59] <@wrbtrader> Exited all TF Long @ 697.20 --> + 0.7
[15:59] <+werner> tham es
[15:59] <+JimL1> amazing day every big move was reversed; i wouldn't be surprised if tf closes near open
[16:00] <+werner> Covered all NQ Short @ 1975.25 --> - 3
[16:01] <+werner> so never trade and the end.... in the book here
[16:01] <+werner> books
[16:02] <+werner> unpredictable
[16:03] <+rickf> indeed
[16:04] <+werner> its only about supply and demand
[16:04] <+werner> and non ta
[16:05] <+werner> zero
[16:05] <+rickf> yeah - not sure how helpful TA (indicators) are @ the moment
[16:05] <+rickf> guess its all how you use them
[16:05] <+werner> i mean horz sup and res
[16:05] <+rickf> ahhh yeah
[16:06] <+werner>
[16:06] <+rickf> okay i'm off for the wed webinar. see you tomorrow guys
[16:09] <+werner> small profit here ...but its not easy the last days ..weeks
[16:10] <+werner> ... its never easy
[16:10] <+Risk> I think that MACD with 34/13 works best because these are FIb numbers
[16:10] <+Risk>
)
[16:10] <+Risk> just kidding
[16:11] <+Risk> I think that all these indicators are an invetion of brokers to suck people's $$$
[16:12] <+Risk> werner isn't it past your bedtime?
[16:12] <+werner> why did i went for the most difficult job!!!!
[16:13] <+werner> yes it is
[16:13] <+Risk> because it is a challange
[16:13] <+Risk> I was thinking about this a lot and the conclusion I got to is that there are 3 reasons.
[16:14] <+Risk> 1. EGO - I want to prove that I can beat 90-95% of the people in the world doing this
[16:14] <+Risk> 2. When (NOT if) I succeed it will make me lots of $$$
[16:15] <+Risk> 3. Right now I don't have another apealing option.
[16:15] <+Risk> = I like trading
[16:21] <+werner> I have a lot of free time but I want that time to be redabel
[16:24] <+werner> and a pretty penny for my family when I am gone
[16:25] <+werner> im mean my kids
[16:26] <+werner> that is what I live for
[16:29] <+werner> and nothing else
[16:29] <+werner> gn all
[16:30] <+werner> ow and my wife too
[16:30] <+werner> lol
[16:30] <+werner> cya
[16:44] <@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/forumSession Close: Wed Apr 07 17:02:15 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 or http://stocktwits.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
