#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: Mon Apr 12 09:18:09 2010
Session Ident: #FuturesTrades
[09:18] * Now talking in #FuturesTrades
[09:18] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:28] <rickf>
[09:28] <drt>
[09:31] <werner>
all
[09:33] <rickf>
again
[09:34] <+werner>
rickf
[09:38] <jbuch> good morning everyone
[09:38] <+rickf>
werner, jb, all
[09:39] <+werner>
jbuch
[09:42] <+werner> nice open
[09:43] <+werner> no gaps
[09:46] <+rickf> wrbtrader ... yeah i got in okay. stupid user error.
[09:49] <codehead> NQ looks short here...
[09:49] <+werner> do you see res?
[09:49] <+codehead> m issed entry tho
[09:52] <+werner> tricky price continuation of Friday's late afternoon price movement.....do you mean at thet all ses charts?
[09:53] <+werner> 702.30
[09:53] <@wrbtrader> werner...it's tricky because there's very little volatility.
[09:54] <+werner> ah ok tx
[09:54] <@wrbtrader> I don't see any key market events until 2pm est...will keep my position size small until then.
[09:55] <+werner> nice call codehaed
[09:56] <+codehead> was being too cheap about my entry, didn't get it :-/
[09:59] <+werner>
[10:01] <+codehead> gf took me to Aria in Vegas for the weekend, you control curtains, lighting, temperature, etc from TV or clock/controller
[10:01] <+codehead> first two rooms wouldn't power up
[10:02] <+codehead> you're supposed to walk in, the curtains open, light come up,
...
[10:02] <+codehead> couldn't even turn on the lights manually
[10:02] <+codehead> glitch--i think they power the rooms down on checkout, they are supposed to get re-enabled on checkin
[10:13] <+jbuch> did you have a good time code
[10:13] <@wrbtrader> Long TF @ 702.00 -> small size
[10:14] <@wrbtrader> 3 only
[10:14] <+codehead> yeah, thx
[10:15] <+codehead> was kinda funny that they're sitll working the bugs out in the technology, but comped us one night and a meal
[10:15] <+jbuch> nice
[10:16] <+jbuch> been meaning to get to vegas for a while my wife has never been
[10:16] <+codehead> where do you live?
[10:17] <+codehead> remind me
[10:17] <+jbuch> albuquerque NM
[10:17] <+codehead> ah
[10:17] <+codehead> used to work there, late 80's
[10:17] <+codehead> but commuted from LA
[10:17] <@wrbtrader> Exited all TF Long @ 701.30 --> - 0.7
[10:22] <+jbuch> I have had 3 correct MENTAL calls but not enough conviction to put anything in
[10:23] <@wrbtrader> Shorts TF @ 701.10 -> small size
[10:23] <@wrbtrader> 1 only
[10:24] <@wrbtrader> Covered TF Short @ 701.40 --> - 0.3
[10:25] <+werner> Long NQ @ 1992.25
[10:28] <+werner> Exited all NQ Long @ 1993.50 --> + 1.25
[10:29] <@wrbtrader> Long TF @ 701.90 -> small size
[10:29] <@wrbtrader> 3 only
[10:32] <@wrbtrader> Exited all TF Long @ 701.60 --> - 0.3
[10:41] <@wrbtrader> Long TF @ 701.20 -> small size
[10:41] <@wrbtrader> 2 only
[10:41] <+codehead> triangles
[10:42] <@wrbtrader> Looks like a good day to go back to bed
[10:42] <+werner> Long NQ @ 1993.00
[10:43] <+werner> lol
[10:44] <+werner> thats 7 hours late here
[10:45] <+rickf> no kidding -- was looking long, now looking flat
[10:45] <+rickf> i'll hit the gym and go good shopping - maybe this pm will be more tradable
[10:46] <+werner> Exited all NQ Long @ 1994.00 --> + 1
[10:46] <+codehead> nice
[10:49] <@wrbtrader> Exited all TF Long @ 701.60 --> + 0.4
[10:50] <+jbuch> Long ES @ 1193.75
[10:51] <+werner> had a nice drive with my mother today ...she said...what is it nice to have children...when I was young I have not heard her say that .....lol
[10:52] <+codehead> :-)
[10:53] <+werner> thats live
[10:54] <@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[10:54] <+werner> life
[10:55] <+jbuch> Exited all ES Long @ 1193.75 --> 0
[10:56] <+werner> nq above 94.25 long ..below 90.25 short
[10:56] <+jbuch> still like the long but no conviction on my part
[10:57] <+jbuch> got above the wedge trendline and seems to be staying above it
[10:57] <@wrbtrader> Long TF @ 701.90 -> small size
[10:57] <@wrbtrader> 2 only
[11:01] <+werner> 702.30 tf is the prev daily hod ...all ses
[11:02] <+werner> above that maybe more bulls
[11:04] <@wrbtrader> Exited all TF Long @ 701.90 --> 0
[11:05] <JimL1> unless big $$ changes its apparent bullishness, seems up is still in play for direction. the 9:40 fall was agressively rebought & the demand keeps coming in to stop retracemnts
[11:06] <@wrbtrader> Long TF @ 702.20 -> small size
[11:06] <@wrbtrader> 3 only
[11:06] <@wrbtrader> punks
[11:06] <+JimL1> its not overwhelming but enough to get the price back into 700's
[11:06] <@wrbtrader> intuition
[11:07] <+JimL1> gc & cl trying here, if all eminis get together up will push hi's
[11:14] <+jbuch> Shorts ES @ 1194
[11:15] <@wrbtrader> Exited all TF Long @ 702.30 --> + 0.1
[11:16] <@wrbtrader> sideline...sort'uv giving up for awhile...be back later.
[11:16] * wrbtrader is now known as wrbtrader_away
[11:18] <+jbuch> throught the pivot
[11:18] <+werner>
[11:19] <+jbuch> Covered 1/2 ES Short @ 1192.75 --> + 1.25
[11:20] <+werner> nice
[11:21] <+JimL1> very frustrasting looking for the big break, depending on the emini this am looks like a big contraction zone/ascending triangle, could go a measured move up; or back to base of friday
[11:26] <+jbuch> Covered 1/4 ES Short @ 1193 --> + 1
[11:30] <+werner> Shorts NQ @ 1991.50
[11:33] <+jbuch> Covered Remainder ES Short @ 1192.5 --> + 1.5
[11:33] * codeheadX is now known as codehead
[11:34] <+werner> brb
[11:37] <+jbuch> or it could just flop around
[11:40] <+werner> Covered all NQ Short @ 1993.25 --> - 1.75
[11:41] <+JimL1> tf revesred & trying to break on its own
[11:42] <+jbuch> very valiant
[11:49] <+JimL1> Shorts TF @ 702.5 «« simulator »»
[11:50] <+werner> Shorts NQ @ 1992.50
[11:50] <+JimL1> Covered 1/2 TF Short @ 702.5 --> 0 «« simulator »»
[11:50] <+jbuch> I have a buy stop at 94
[11:51] <+jbuch> 1 only
[11:51] <+JimL1> screwed up entry is 702.8
[11:53] <+jbuch> Long ES @ 1194
[11:56] <+jbuch> Exited all ES Long @ 1193 --> - 1
[11:56] <+JimL1> Covered Remainder TF Short @ 702.3 --> + 0.2 «« simulator »»
[11:57] <+jbuch> thatwas quick
[11:58] <+werner> Covered all NQ Short @ 1993.00 --> - 0.5
[12:02] <@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[12:00] <+werner> Long NQ @ 1993.50
[12:01] <+werner> damm range
[12:02] <+werner> weak res 94
[12:03] <+werner> maybe other markets can pull it higher
[12:03] <+jbuch> Long ES @ 1193.75
[12:04] <+JimL1> Long TF @ 702.6 «« simulator »»
[12:04] <+JimL1> 1
[12:06] <+werner> Exited all NQ Long @ 1993.25 --> - 0.25
[12:07] <+werner> follow my rules
[12:08] <+werner> sidd on my hands
[12:09] <codehead> IB lowered commish today ic
[12:09] <+JimL1> Exited all TF Long @ 702.3 --> - 0.3 «« simulator »»
[12:09] <+JimL1> was hoping for some lunchtime momo, but nothing yet, I'll exit asap & do other work - that ends that
[12:10] <+jbuch> Exited all ES Long @ 1193.25 --> - 0.5
[12:15] <+werner> Long NQ @ 1993.25
[12:16] <+werner>
... lunch...stops are in
[12:24] <@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[12:33] <+werner> Exited all NQ Long @ 1993.25 --> 0
[12:34] <+werner> no trades any more in thios zone
[12:34] <+werner> this
[12:50] <+werner>
...going to sit in the garden ...nice and sunny here
[12:51] <+jbuch> Shorts ES @ 1193.25
[12:51] <+JimL1> cl having meltdwn
[12:53] <+jbuch> Covered all ES Short @ 1193.75 --> - 0.5
[13:12] <+jbuch> went short partially because of the meltdown in oil
[13:21] <+rickf> back
[13:46] <+codehead> short NQ 1997.00 <paper>
[13:46] <+codehead> 1.25 stop
[13:47] <+codehead> not a lot available on downside tho, whch is why i'm not takign it real
[13:53] <+codehead> exit NQ -.25 <paper>
[13:54] <@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[13:54] <+codehead> short NQ 1997.00 <paper>
[13:54] <+codehead> same stop
[13:54] <+codehead> signal coming back
[13:54] <+codehead> front-ran it a little
[13:56] <+codehead> exit half NQ +1.25 <paper>
[13:56] <+codehead> stop b/e remainder <paper>
[13:57] <+codehead> exit remainder +1.50 <paper>
[14:01] * wrbtrader_away is now known as wrbtrader
[14:03] <+werner> Long NQ @ 1995.50
[14:09] <+werner> Exited all NQ Long @ 1995.00 --> - 0.5
[14:13] <+werner> what a mess
[14:13] <+rickf> yeah this ES looks uite ugly today
[14:15] <+werner> Shorts NQ @ 1995.00
[14:17] <+rickf> short es 1194
[14:19] <@wrbtrader> Shorts TF @ 702.90 -> small size
[14:19] <@wrbtrader> 3 only
[14:20] <+werner> Shorts NQ @ 1994.50 -> Add
[14:21] <+rickf> 862K ES contracts moved today??
[14:21] <+rickf> why so light?
[14:21] <@wrbtrader> intuition
[14:22] <@wrbtrader> Yeah...its killer low stuff today
[14:23] <@wrbtrader> It's a big week in key market events starting tomorrow but I thought for sure things would start heating up after 2pm est today.
[14:24] * +rickf agreed
[14:24] <+rickf> busy busy week
[14:24] <@wrbtrader> So far...big bust after 2pm est today
[14:25] <@wrbtrader> oh oh
[14:27] <+werner> Covered all NQ Short @ 1995.75 --> - 2
[14:28] <+rickf> exit es 94 b/e
[14:29] <@wrbtrader> Covered all TF Short @ 703.40 --> - 0.5
[14:30] <@wrbtrader> I'm not going to hang around in that Short to see if it can break that 703.50 resistance
[14:30] <@wrbtrader> increasing volatility
[14:31] <+rickf> yeah it justhung when i entered ...not going to risk a vol spike
[14:33] <+werner> Shorts NQ @ 1995.50
[14:36] <+werner> Covered all NQ Short @ 1996.25 --> - 0.75
[14:41] <+werner> Shorts NQ @ 1996.00 -> large size
[14:42] <+werner> Covered 1/2 NQ Short @ 1994.75 --> + 1.25
[14:43] <+werner> djeez that russel sup 702.30
[14:44] <+werner> es 1193.00
[14:44] <@wrbtrader> Long TF @ 703.20 -> small size
[14:44] <@wrbtrader> 2 only
[14:45] <+werner> Covered all NQ Short @ 1996.50 --> - 0.5
[14:45] <+jbuch> yeaha lot of vol coming in there
[14:48] <@wrbtrader> it ain't around any more
[14:48] <@wrbtrader> Last hope is the 3pm est boys
[14:49] <+rickf> whew this is not the city to be in this week
[14:49] <+werner> Long NQ @ 1996.25
[14:50] <+rickf> 45 heads of state in town....traffic is beyond a nightmare
[14:52] <+werner> Long NQ @ 1197.00 -> Add
[15:02] <@wrbtrader> Exited all TF Long @ 703.30 --> + 0.1
[15:02] <@wrbtrader>
[15:02] <@wrbtrader> That's one thing about a sucky price action...you're forced to keep tight stops
[15:03] <@wrbtrader> and tight trails when it moves just a "little bit"
[15:03] <+codehead> yeah
[15:03] <+rickf> and you get cut to bits
[15:03] <+codehead> i'm +1 tick for the day, on one trade total :-/
[15:03] <+werner> Exited all NQ Long @ 1996.75 --> + 800.25
[15:03] <+werner> oops
[15:04] <+codehead> wasn't quite readyto trade early, and that was the only decent movement
[15:04] <+codehead> we can only dream, werner
[15:04] <+codehead> ;-)
[15:04] <+werner> Exited all NQ Long @ 1196.75 --> - 799.5
[15:04] <+codehead> lol
[15:04] <+werner> lol
[15:05] <+werner> Exited all NQ Long @ 1996.75 --> + 0.5
[15:05] <+werner> yep thats it
[15:06] <+jbuch> Long ES @ 1194.5
[15:06] <+werner> Long NQ @ 1997.00
[15:07] <@wrbtrader> geeesh
[15:07] <+werner>
[15:08] <@wrbtrader> Shorts TF @ 703.90 -> small size
[15:08] <@wrbtrader> 3 only
[15:09] <+rickf> i'm gonna go watch paint dry ... will be more exciting than this tape today
[15:09] <+werner> crazy market
[15:10] <+werner> and it makes me crazy too
[15:12] <+werner> Exited all NQ Long @ 1996.50 --> - 0.5
[15:15] <@wrbtrader>
[15:16] <@wrbtrader> If it can break that 703 with some volatility...I should be able to capture more than 1 point on this trade per contract
[15:16] <+werner> Shorts NQ @ 1996.25
[15:17] <+werner> Shorts NQ @ 1995.50
[15:17] <+jbuch> Exited all ES Long @ 1193.75 --> - 0.75
[15:17] <@wrbtrader> If not...my trading day will result as a loss because I need to leave early today to pick up the kids from school while spouse is away visiting some relatives
[15:18] <+werner> so late at school ..it 9pm here
[15:18] <@wrbtrader> volatility slowed on the break of the support
[15:18] <@wrbtrader>
[15:19] <+werner> hihi
[15:21] <@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[15:21] <+werner> djeez again sup nq
[15:21] <@wrbtrader> TF testing that support area
[15:21] <+werner> yep
[15:22] <+werner> poelepoele
[15:22] <@wrbtrader> It's now belw the key price area
[15:23] <@wrbtrader> belw = below
[15:23] <@wrbtrader> with increasing volatility
[15:23] <+werner> Covered 1/2 NQ Short @ 1993.25 --> + 2.25
[15:23] <@wrbtrader>
[15:23] <@wrbtrader> Covered 2/3 TF Short @ 701.60 --> + 2.3
[15:25] <+werner> Covered Remainder NQ Short @ 1993.00 --> + 2.5
[15:25] <@wrbtrader> Covered Remainder TF Short @ 702.20 --> + 1.7
[15:26] <@wrbtrader> That's what sucks about a "paint drying trading day"...
[15:26] <+werner>
[15:26] <@wrbtrader> If you're at a loss, you need to be glued to your monitor for fear of missing any good price action that may show up
[15:26] <+rickf> yah
[15:27] <+werner> yep
[15:27] <@wrbtrader> I would have love to only have taken one trade all day...that last trade...just not brilliant enough for that yet
[15:30] <+werner> all ses tf maybe a crack in the ice...but see regulair ses
[15:30] <+werner> sup 701.60
[15:32] <+werner> lol wrbtrader that ...reading book is nice
[15:33] <+werner> its a owl...isnt it?
[15:35] <+werner> Some I see an owl on the roof here
[15:36] <+werner> very special animal
[15:36] <+werner> predator
[15:42] <+werner> see everyone here wrbtrader his post in stocktwits?
[15:42] <+werner> $TF_F - Next key change in supply/demand is 700.00 - 699.40
[15:43] <+werner> $TF_F - developed a new support asrea 702.30 - 701.60
[15:44] <+werner> thats his post
[15:45] <+rickf> yeah
[15:46] <+werner> ok
[15:46] <+rickf> short es 1192
[15:47] <@wrbtrader> My messages goes to twitter and stocktwits at the same time...
[15:47] <+werner> yep i see
[15:47] <+rickf> i get them via twitter, am not on stocktwits
[15:47] <@wrbtrader>
http://twitter.com/wrbtrader/ and
http://stocktwits.com/wrbtrader[15:48] <@wrbtrader> so far a nice battle within that key price area
[15:48] <@wrbtrader> a few ticks above then a few ticks below
[15:49] <@wrbtrader> pressure building going into the close for a volatility breakout
[15:52] <+werner> ow indd close!!!
[15:54] <@wrbtrader> Take care all...I'm calling it quits early for family reasons. See all tomorrow
[15:54] * wrbtrader is now known as wrbtrader_away
[15:54] <+werner> cya
[15:55] <+werner> here also gone ...gn all
[15:55] <+codehead> gn
[16:00] <+rickf> exit es 1192.75 -.75
[16:01] <+rickf>
all
[16:01] <+rickf> gN all lol
[16:51] <@X> #FuturesTrades Purpose -> Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended. More info about the chat room @
http://www.thestrategylab.com/ftchat/forumSession Close: Mon Apr 12 17:48:11 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
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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:
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ICE Emini TF Futures (formerly CME ER2)
CBOT mini-sized Dow Futures YM
Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50
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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)
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