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 Post subject: April 30th Friday - Futures, ETFs and Forex Currencies
 Post Posted: Fri Apr 30, 2010 3:50 pm 
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Trader / Forum Admin

Joined: Tue Dec 16, 2008 1:02 am
Posts: 3326
Location: Canada
#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)

------------------------

Image

Session Start: Fri Apr 30 08:17:20 2010
Session Ident: #FuturesTrades
[08:17] * Now talking in #FuturesTrades
[08:17] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[08:27] <rickf> gm
[09:17] <@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
[09:22] <luffy> gm
[09:22] <+rickf> gm all
[09:23] <+rickf> some morning humour: http://abstrusegoose.com/263
[09:26] <+luffy> lol nice
[09:29] <drt> gm all
[09:30] <+rickf> short es 1203.50
[09:33] <+rickf> exit 1/2 es 1201.50 +2
[09:35] <+rickf> exit es remainder 1203 +.50
[09:35] <+rickf> looking lower
[09:35] <+rickf> prolly should have held
[09:42] <+rickf> PMI numbers leak early?
[09:42] <@wrbtrader> Long TF @ 736.80 -> small size
[09:42] <@wrbtrader> 3 only
[09:44] <@wrbtrader> Exited all TF Long @ 737.30 --> + 0.5
[09:44] <+rickf> or was that spike just gaming for stops?
[09:44] <@wrbtrader> :(
[09:45] <@wrbtrader> will look for a re-entry
[09:45] <Risk> news in 10 min
[09:46] <@wrbtrader> Long TF @ 736.80 -> small size
[09:46] <@wrbtrader> 3 only
[09:47] <MrYinYangTrader> Long TF @ 736.60
[09:49] <@wrbtrader> Exited all TF Long @ 737.00 --> + 0.2
[09:49] <@wrbtrader> sidelined...I'm a little lost in the forest right now.
[09:50] <+Risk> i'll send u a GPS
[09:50] <pat255> mich sent. 9:55
[09:50] <+MrYinYangTrader> Exited all TF Long @ 736.7 --> + 0.1
[09:50] <+MrYinYangTrader> me too wrb
[09:51] <+Risk> sorry. have only 1 GPS to give :)
[09:51] <@wrbtrader> Hopefully the 0955am est key market reports will clear things up here soon
[09:51] <+Risk> had a crash after the open :(
[09:52] <@wrbtrader> Shorts TF @ 735.00 -> medium size
[09:52] <@wrbtrader> 4 only
[09:52] <@wrbtrader> intuition because it's a chaser
[09:53] <+MrYinYangTrader> Shorts TF @ 734.60
[09:54] <@wrbtrader> Covered all TF Short @ 734.90 --> + 0.1
[09:54] <@wrbtrader> didn't have much chance after losing a 1 point wiggle room via the late entry
[09:55] * codehead_afk is now known as codehead
[09:55] <+MrYinYangTrader> Covered all TF Short @ 734.7 --> - 0.1
[09:56] <+Risk> news r better than exp
[09:56] <+pat255> 72,2 michigan
[09:56] <@wrbtrader> Shorts TF @ 734.20 -> medium size
[09:56] <@wrbtrader> 4 only
[09:56] <xtractor> buye TF 733.4
[09:56] <+xtractor> buys
[09:56] <@wrbtrader> intuition
[09:58] <@wrbtrader> Covered all TF Short @ 734.20 --> 0
[09:58] <+xtractor> Sells part TF 734.4 +1
[09:58] <@wrbtrader> bullish now
[09:58] <+pat255> vn guys bothways
[09:59] <@wrbtrader> Long TF @ 733.80 -> medium size
[09:59] <@wrbtrader> 4 only
[09:59] <+MrYinYangTrader> Long TF @ 733.80
[10:00] <@wrbtrader> volatility increasing
[10:00] <@wrbtrader> tightning my trail
[10:01] <+xtractor> Sells part TF 734.4 +1
[10:01] <@wrbtrader> Exited all TF Long @ 733.80 --> 0
[10:01] <@wrbtrader> :(
[10:02] <+MrYinYangTrader> Exited TF Long @ 733.20 --> - 0.6
[10:02] <+MrYinYangTrader> Reverse and Enter Short TF @ 733.20
[10:02] <+rickf> wow better than expected yet heading lower
[10:02] <+MrYinYangTrader> Covered all TF Short @ 732.9 --> + 0.3
[10:02] <+rickf> not a good sign
[10:03] <@wrbtrader> another support just broke
[10:04] <@wrbtrader> Shorts TF @ 732.40 -> medium size
[10:04] <@wrbtrader> 4 only
[10:04] <+MrYinYangTrader> Shorts TF @ 732.50
[10:05] <+rickf> oh DUH
[10:05] <+rickf> sentiment FALLS
[10:05] <+MrYinYangTrader> Covered Remainder TF Short @ 731.4 --> + 1.1
[10:05] <+xtractor> buys TF 731.4 add
[10:06] <@wrbtrader> tough to hang on to these short positions
[10:06] <@wrbtrader> Covered all TF Short @ 732.40 --> 0
[10:07] <+MrYinYangTrader> Shorts TF @ 732.70
[10:07] <@wrbtrader> I just had a rare 3 consecutive breakeven trades
[10:07] <+rickf> :((
[10:07] <@wrbtrader> Last time that happen I thing was back in the 90's
[10:08] <+MrYinYangTrader> Covered all TF Short @ 731.6 --> + 1.1
[10:08] <@wrbtrader> Patience is making money today...I have very little patience so far.
[10:09] <+rickf> rought start to the day :(
[10:09] <+MrYinYangTrader> Long TF @ 731.20
[10:12] <+codehead> doh, got NQ 2 ticks from lod, goofed and got 1 pt immediately and was out :-/
[10:13] <+codehead> not enough sleep
[10:13] <+codehead> second mistake out of two: bought QQQQ put yesterday 2 cents from the low (NQ at hod)
[10:14] <+codehead> bailed too soon, just so didn't have to watch it, so i could go back to bed
[10:14] <+MrYinYangTrader> yea im hoping to complete the trading day early today
[10:14] <+codehead> but it has 3 weeks left on it, so wh the hurry
[10:16] <+MrYinYangTrader> Exited all TF Long @ 731.5 --> + 0.3
[10:17] <+MrYinYangTrader> EOM trade should be bullish
[10:19] <+MrYinYangTrader> Long TF @ 730.60
[10:23] <+MrYinYangTrader> Exited 1/2 TF Long @ 732.60 --> + 2
[10:26] <+MrYinYangTrader> Exited Remainder TF Long @ 732.3 --> + 1.7
[10:27] <+MrYinYangTrader> Shorts TF @ 733.80
[10:27] <+xtractor> sells part TF 733.5 +1.1 avg
[10:28] <+pat255> vn patience
[10:29] <+MrYinYangTrader> Covered Remainder TF Short @ 733.4 --> + 0.4
[10:30] <+MrYinYangTrader> Long TF @ 732.90
[10:32] <+MrYinYangTrader> Exited Remainder TF Long @ 733 --> + 0.1
[10:33] <+xtractor> 733.4 important pivot area
[10:34] <+MrYinYangTrader> i'm betting its going back to test the high
[10:34] <+MrYinYangTrader> Long TF @ 732.7
[10:35] <+Risk> it's all in the mind :) :(
[10:35] <+MrYinYangTrader> Exited TF Long @ 732.20 --> - 0.5
[10:35] <+MrYinYangTrader> Reverse and Enter Short TF @ 732.20
[10:36] <+MrYinYangTrader> Covered all TF Short @ 731.60 --> + 0.6
[10:37] <+MrYinYangTrader> Shorts TF @ 731.7
[10:39] <+rickf> short es 1197.25
[10:39] <+MrYinYangTrader> man im trigger happy today
[10:40] <+xtractor> another attempt to break 733.4 coming up
[10:41] <+MrYinYangTrader> Covered all TF Short @ 731.6 --> + 0.1
[10:41] <+xtractor> GS selling could prove too strong for market to reverse higher
[10:41] * Looking up Jacktheripper user info...
[10:41] <+MrYinYangTrader> you might be right
[10:42] <DayTraderJobs> Visit DayTraderJobs.com for information on opportunities in DayTrading.
[10:42] <+rickf> SPAM
[10:42] <+xtractor> what do you pay :)
[10:43] <+Risk> X - have you traded the same way 4 many years or your system has evolved with time?
[10:44] <@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/forum
[10:44] <+Risk> DayTraderJobs - we don't need shils here
[10:45] <+xtractor> think i'll apply for the forex trader job in Yerevan Armenia :))
[10:46] <+Risk> u may need a bullet proof vest
[10:47] <+xtractor> sells part TF 733.8 +1.4 avg
[10:47] <+MrYinYangTrader> Long TF @ 733.70
[10:48] <+MrYinYangTrader> chasing here..... :p
[10:48] <+rickf> exit es 1198.25 -1 (late) 1 contract tho
[10:48] <+rickf> vol spike from nowhere
[10:48] <@wrbtrader> Long TF @ 734.30 -> medium size
[10:48] <@wrbtrader> 4 only
[10:49] <@wrbtrader> intuition
[10:49] <+xtractor> sells part TF 734.8 +2.4 avg
[10:49] <@wrbtrader> not getting many trade signals today and the few I get...I've missed it :(
[10:49] <+rickf> any news come out?
[10:50] <+rickf> bacl om a bot
[10:51] <+xtractor> just a volume thrust
[10:51] <+Risk> <rickf> bacl om a bot RICKF what language is that?
[10:52] <+rickf> back in a bit
[10:52] <+Risk> :))
[10:53] <@wrbtrader> Exited all TF Long @ 733.60 --> - 0.7
[10:53] <@wrbtrader> Shorts TF @ 733.50 -> large size
[10:53] <@wrbtrader> 6 only
[10:55] <@wrbtrader> volatility suddenly hit a wall :(
[10:55] <@wrbtrader> Covered all TF Short @ 733.60 --> - 0.1
[10:59] <@wrbtrader> Shorts TF @ 733.70 -> medium size
[10:59] <@wrbtrader> 4 only
[10:59] <@wrbtrader> range getting tighter with the chop
[11:00] <@wrbtrader> Covered all TF Short @ 734.70 --> - 1
[11:02] <+MrYinYangTrader> Covered TF Short @ 734.5 --> - 0.8
[11:02] <+MrYinYangTrader> Reverse and Enter Long TF @ 734.5
[11:02] <+MrYinYangTrader> Covered TF Short @ 734.5 --> 0
[11:02] <+MrYinYangTrader> Reverse and Enter Long TF @ 734.5
[11:03] <+MrYinYangTrader> Exited TF Long @ 734.5 --> 0
[11:03] <+MrYinYangTrader> Reverse and Enter Short TF @ 734.5
[11:03] <@wrbtrader> 1.6 range
[11:03] <+MrYinYangTrader> there... gosh
[11:03] <+MrYinYangTrader> sorry for the mess. still trying to get use to this macro
[11:04] <+xtractor> sells all TF 734.4 +2 avg
[11:05] <@wrbtrader> Shorts TF @ 733.50 -> medium size
[11:05] <@wrbtrader> 0.9 range
[11:06] <@wrbtrader> It's gotta do a volatility spike here soon with the range tighthing up like that
[11:06] <@wrbtrader> trail tighten in case it pops against me
[11:09] <@wrbtrader> Covered all TF Short @ 733.40 --> + 0.1
[11:10] <@wrbtrader> Long TF @ 734.30 -> medium size
[11:10] <@wrbtrader> 4 only
[11:13] <+xtractor> volume starting to drt up
[11:13] <+xtractor> dry
[11:13] <+MrYinYangTrader> Covered all TF Short @ 734.4 --> + 0.1
[11:14] <+MrYinYangTrader> sheesh... moving to higher timeframe
[11:15] <@wrbtrader> The way TF has been jerking around...a trade that goes 5 tick in your favor is not enough breathing room to make trade management decisions today
[11:15] <@wrbtrader> :(
[11:15] <+pat255> y geez staying away ...
[11:16] <+MrYinYangTrader> Shorts TF @ 733.80
[11:16] <@wrbtrader> Exited all TF Long @ 733.60 --> - 0.7
[11:16] <@wrbtrader> back inside the low area of that range
[11:17] <+MrYinYangTrader> nq weakest
[11:18] <+MrYinYangTrader> poc moved on tf.. we may be moving
[11:21] <+MrYinYangTrader> zn at hod
[11:22] <@wrbtrader> Long TF @ 733.80 -> small size
[11:22] <@wrbtrader> 3 only
[11:23] <+MrYinYangTrader> Covered TF Short @ 734 --> - 0.2
[11:23] <+MrYinYangTrader> Reverse and Enter Long TF @ 734
[11:24] <+xtractor> consolidation area
[11:25] <@wrbtrader> Exited all TF Long @ 733.80 --> 0
[11:25] <+xtractor> triangle
[11:25] <+MrYinYangTrader> Exited all TF Long @ 733.7 --> - 0.3
[11:26] <@wrbtrader> range got tighter again
[11:26] <+MrYinYangTrader> Shorts TF @ 733.6
[11:26] <+MrYinYangTrader> im going to be done pretty soon if this market don't move
[11:27] <+MrYinYangTrader> gs got slap with criminal probe is that right?
[11:28] <+xtractor> leaked of potential probe
[11:28] <+xtractor> leak
[11:28] <+xtractor> 4th hit on bottom triangle line
[11:28] <+Risk> it broke through it
[11:29] <+xtractor> shorts TF 733.1
[11:29] <@wrbtrader> Shorts TF @ 732.80 -> medium size
[11:29] <@wrbtrader> 4 only
[11:29] <@wrbtrader> I've been hammered on these support breaks today so far :(
[11:30] <+xtractor> covers TF 732.1 +1
[11:31] <+xtractor> 4th knock on a line is usually good for a break
[11:31] <+Risk> :)
[11:32] <@wrbtrader> Covered all TF Short @ 732.60 --> + 0.2
[11:32] <@wrbtrader> another hammered...geesh
[11:35] <@wrbtrader> trying to get back above support
[11:36] <@wrbtrader> actually it's at support but trying hard to keep from retracing
[11:36] <+xtractor> back to 733.4 area
[11:37] <+MrYinYangTrader> Covered Remainder TF Short @ 733.5 --> + 0.1
[11:38] <+MrYinYangTrader> geesh
[11:40] <+MrYinYangTrader> Shorts TF @ 732.80
[11:42] <+MrYinYangTrader> Covered Remainder TF Short @ 732.8 --> 0
[11:42] <+MrYinYangTrader> taking to many trades today
[11:48] <+MrYinYangTrader> Long TF @ 732.7
[11:54] <+MrYinYangTrader> Exited all TF Long @ 732.7 --> 0
Image
[12:00] <+rickf> back for a while
[12:01] <+MrYinYangTrader> Shorts TF @ 732.50
[12:03] <+MrYinYangTrader> afk for a bit, stops are in
[12:14] <@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
[12:23] <+MrYinYangTrader> Covered 1/2 TF Short @ 728.40 --> + 4.1
[12:23] <@wrbtrader> ok...just got back from lunch
[12:23] <@wrbtrader> geeesh...3 days in a roll I picked a bad time to go to lunch :)
[12:24] <@wrbtrader> Some decent moves have been occurring during lunch the past month
[12:24] <+MrYinYangTrader> my turn to goto lunch
[12:36] <@wrbtrader> Long TF @ 728.50 -> small size
[12:36] <@wrbtrader> 2 only
[12:36] <@wrbtrader> support trying hard to hold
[12:38] <@wrbtrader> Exited all TF Long @ 728.20 --> - 0.3
[12:39] <@wrbtrader> Shorts TF @ 728.30 -> small size
[12:39] <@wrbtrader> 2 only
[12:40] <@wrbtrader> If I had known it would drop like that I would have loaded the boat :)
[12:40] <@wrbtrader> Covered all TF Short @ 727.90 --> + 0.4
[12:41] <@wrbtrader> still churning
[12:42] <@wrbtrader> won't take anymore breaks today for fear of missing the next decent move that could be the last one of the day.
[12:44] <@wrbtrader> Long TF @ 728.30 -> small size
[12:45] <@wrbtrader> 2 only
[12:46] <@wrbtrader> Exited all TF Long @ 727.90 --> - 0.4
[12:47] <@wrbtrader> Shorts TF @ 727.70 -> small size
[12:47] <@wrbtrader> 3 only
[12:47] <@wrbtrader> volatility increasing
[12:51] <@wrbtrader> punks :(
[12:51] <@wrbtrader> there's some "volatility sucking vampires" out there today lurking only while I'm trading :)
[12:53] <@wrbtrader> Covered all TF Short @ 726.70 --> + 1
[12:54] <@wrbtrader> Shorts TF @ 726.00 -> medium size
[12:55] <@wrbtrader> 4 only
[12:55] <@wrbtrader> intuition
[12:56] <@wrbtrader> Covered 1/2 TF Short @ 725.00 --> + 1
[12:58] * +rickf watched cnbc over lunch just now ... their question of the day? "is this a good time to buy goldman"
[12:58] <+rickf> sheesh
[12:59] <@wrbtrader> Covered Remainder TF Short @ 724.90 --> + 1.1
[12:59] <+rickf> nice wrbtrader
[13:00] <@wrbtrader> it gets me green minus the commissions
[13:00] <@wrbtrader> need to make back the commissions now
[13:00] <+rickf> short es 1190
[13:00] <@wrbtrader> all those breakeven trades are steal hunting me today
[13:03] <+MrYinYangTrader> back from lunch
[13:04] <+MrYinYangTrader> cool... now i need market to head down to the 722 area
[13:06] <+MrYinYangTrader> man this sell off on friday not looking good for bull from a daily price action
[13:09] <@wrbtrader> Long TF @ 724.20 -> small size
[13:09] <+MrYinYangTrader> es near yesterday low
[13:09] <@wrbtrader> 2 only
[13:11] <+MrYinYangTrader> nq too
[13:11] <@wrbtrader> Exited all TF Long @ 724.10 --> - 0.1
[13:12] <@wrbtrader> Shorts TF @ 724.00 -> small size
[13:12] <@wrbtrader> 3 only
[13:12] <@wrbtrader> intuition
[13:14] <@wrbtrader> sucker break...will tighten trail
[13:15] <@wrbtrader> Covered all TF Short @ 723.90 --> + 0.1
[13:16] <@wrbtrader> Long TF @ 723.90 -> small size
[13:16] <@wrbtrader> 2 only
[13:17] <+MrYinYangTrader> Covered Remainder TF Short @ 724.5 --> + 8
[13:18] <+MrYinYangTrader> 722 area is still a target for me
[13:18] <@wrbtrader> Exited all TF Long @ 725.20 --> + 1.3
[13:21] <+MrYinYangTrader> Shorts TF @ 725.30
[13:26] <+MrYinYangTrader> tight stop her at 725.90... i still want it to goto 722 area
[13:31] <+MrYinYangTrader> Covered all TF Short @ 725.90 --> - 0.6
[13:31] <+MrYinYangTrader> :(
[13:39] <+MrYinYangTrader> Long TF @ 726.10
[13:44] <@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/forum
[13:44] <+rickf> back online .had to restart --- prolly got taken out at 91 for a -1 loss
[13:44] <+rickf> -1.25
[13:45] <+rickf> only 1 ct thankfully
[13:45] <Hen> YM Coming up onresistance here 11,055
[13:53] <+rickf> missed 1194 short entry
[13:54] <+MrYinYangTrader> Exited Remainder TF Long @ 725.20 --> - 0.9
[13:57] <+MrYinYangTrader> Shorts TF @ 725.30
[13:57] <+MrYinYangTrader> if this doesn't pan out im done :p
[14:00] <+rickf> short es 1191.50
[14:01] <+xtractor> buys TF 726.7
[14:02] <+Risk> 726.7 or 724.7
[14:02] <+Risk> ?
[14:03] <+xtractor> 723.7
[14:03] <+Risk> :))
[14:03] <+Risk> that's more like it
[14:03] <+Risk> I was worried
[14:05] <+xtractor> sells part TF 724.7 +1
[14:13] <+Hen> Let's see if traders push the YM back to resistance at around 11,055
[14:13] <+rickf> exit es 1192.50 -1
[14:15] <+xtractor> sells part TF 725.7 +2
[14:16] <+MrYinYangTrader> wow look at cl
[14:18] <+xtractor> $4 gas coming this summer
[14:19] <+Risk> and natural gas is still diving
[14:20] <+MrYinYangTrader> man another bubble coming again in cl
[14:20] <+MrYinYangTrader> possible hs forming on 3mins.. tf
[14:27] <+xtractor> sells all TF 724.8 +1.1
[14:29] <+codehead> have a good weekend--time to drive to vegas
[14:29] <+MrYinYangTrader> poc for es just changed 1193
[14:31] <+xtractor> flat bottom triangle on TF
[14:32] <+MrYinYangTrader> sell to close?
[14:32] <+MrYinYangTrader> make for an ulgy look weekly chart
[14:32] <+xtractor> honestly i have no idea
[14:32] <+MrYinYangTrader> hehehe... me either
[14:32] <+xtractor> :)
[14:32] <+MrYinYangTrader> seems like a trend down day now
[14:32] <+MrYinYangTrader> but never know
[14:35] <+MrYinYangTrader> i would take half off here but i only have 1 ct lol
[14:37] <+xtractor> 3x knock
[14:38] <+MrYinYangTrader> tick being bearish...
[14:39] <+MrYinYangTrader> i prefer it to be a little bit less and grind down
[14:39] <@wrbtrader> Shorts TF @ 723.30 -> small size
[14:39] <@wrbtrader> 3 only
[14:40] <+MrYinYangTrader> volumne coming in to es
[14:42] <+MrYinYangTrader> tf just shot past the 722 area... we heading to 716 i guess
[14:42] <+rickf> ok guys need to punch out early for a meeting - have a good rest of the day and a great weekend
[14:42] <+MrYinYangTrader> u too rick
[14:42] <@wrbtrader> Covered all TF Short @ 721.90 --> + 1.4
[14:44] <+xtractor> buys TF 721.9
[14:44] <+MrYinYangTrader> Covered Remainder TF Short @ 722.10 --> + 3.2
[14:45] <+xtractor> sells TF 722.4 + 0.5
[14:46] <+xtractor> missed that short as it broke through the db low
[14:48] <+MrYinYangTrader> Shorts TF @ 722
[14:49] <+MrYinYangTrader> Covered all TF Short @ 721.10 --> + 0.9
[14:50] <+MrYinYangTrader> Shorts TF @ 721.90
[14:51] <+MrYinYangTrader> Covered all TF Short @ 721.80 --> + 0.1
[14:51] <+Hen> How many ticks do you place your stop loss
[14:52] <+MrYinYangTrader> it verys... that one i just saw volume coming into the upside and was chicken to stay in
[14:52] <+Hen> I see
[14:53] <+MrYinYangTrader> max for me is like 3points.. that's my hard stop
[14:54] <+Hen> All right
[14:54] <+xtractor> buys TF 722.1
[14:55] <+MrYinYangTrader> last hour coming up
[14:56] <+MrYinYangTrader> Shorts TF @ 722.50
[15:02] <+MrYinYangTrader> Covered all TF Short @ 722.40 --> + 0.1
[15:06] <+MrYinYangTrader> Shorts TF @ 721.1
[15:06] <+MrYinYangTrader> Shorts TF @ 722.1
[15:07] <+MrYinYangTrader> i meant that :)
[15:09] <+MrYinYangTrader> come on es... just eat dirt and die!
[15:11] <@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
[15:20] <+MrYinYangTrader> Covered all TF Short @ 723.10 --> - 1
[15:20] <+xtractor> sells part TF 723.1 +1
[15:21] <+MrYinYangTrader> Shorts TF @ 722.40
[15:41] <+MrYinYangTrader> 717 area next support
[15:41] <+MrYinYangTrader> after that i see 709-712 if we go
[15:43] <+MrYinYangTrader> Covered all TF Short @ 719.40 --> + 3
[15:48] <@wrbtrader> Shorts TF @ 718.30 -> small size
[15:48] <@wrbtrader> 2 only
[15:50] <@wrbtrader> Covered all TF Short @ 718.20 --> + 0.1
[15:52] <@wrbtrader> Shorts TF @ 718.30 -> small size
[15:52] <@wrbtrader> 3 only
[15:52] <+MrYinYangTrader> Shorts TF @ 718.40
[15:52] <@wrbtrader> intuition
[15:53] <+MrYinYangTrader> Covered 1/2 TF Short @ 717.70 --> + 0.7
[15:53] <@wrbtrader> Covered all TF Short @ 718.00 --> + 0.3
[15:54] <+MrYinYangTrader> Covered all TF Short @ 718.80 --> - 0.4
[15:54] <+MrYinYangTrader> geesh.... to fast
[15:54] <+MrYinYangTrader> too fast
[15:56] <@wrbtrader> Shorts TF @ 717.90 -> small size
[15:57] <@wrbtrader> 3 only
[15:57] <@wrbtrader> intuition
[15:58] <@wrbtrader> Covered 2/3 TF Short @ 716.80 --> + 1.1
[15:59] <@wrbtrader> Covered Remainder TF Short @ 714.80 --> + 3.1
[15:59] <@wrbtrader> geeesh
[16:00] <@wrbtrader> wasn't looking for that
[16:00] <+MrYinYangTrader> lol
[16:00] <+MrYinYangTrader> i was dazed
[16:00] <+MrYinYangTrader> i wanted to short too but couldn't get a price
[16:01] <+MrYinYangTrader> man you gotta love the tf though
[16:02] <@wrbtrader> Good trading day by the end but struggle early in the trading day...
[16:02] <@wrbtrader> Still reached my profit goal even though I missed about 3 hours of trading today.
[16:03] <+MrYinYangTrader> awesome wrb
[16:05] <@wrbtrader> TF started its bearish price action around 0845am est
[16:06] <@wrbtrader> In hindsight...get short, relax, hold until the end of day...make lots of dollars :)
[16:06] <@wrbtrader> wish it was that easy
[16:06] <+MrYinYangTrader> yea ... haha
[16:07] <+MrYinYangTrader> i saw that hammer on 10min at 8:50am
[16:07] <+MrYinYangTrader> what's your daily target wrb?
[16:34] <@wrbtrader> Today it was $1200
[16:35] <@wrbtrader> If I'm expecting volatility to be low...I'll set my target BELOW $1,000
[16:36] <@wrbtrader> If I'm expecting volatility to be high...I'll set my target ABOVE $1,000
[16:36] <+MrYinYangTrader> i need to do something like that.
[16:37] <+Risk> why set targets? why not let the market give u what it can?
[16:37] <@wrbtrader> It's an adjustable target based upon my "expectation" of what the market can give.
[16:37] <@wrbtrader> Not fixed
[16:38] <+MrYinYangTrader> i do love the way wrb trades..... im just not that fast like him
[16:40] <@wrbtrader> I'm not a big fan of "fixed targets" because that implies the market is the same every trading day.
[16:41] <@wrbtrader> We all know that the market is not the same every day and you can see such in the volatility and changes in supply/demand
[16:41] <@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
[16:41] <+MrYinYangTrader> very true... my trading style suffers in narrow range market
[16:42] <@wrbtrader> That's when you should "lower" your position size to lower the risk exposure if you tend to struggle in narrow range markets.
[16:44] <+MrYinYangTrader> true.. which i do.
[16:48] <+Risk> you are lucky to have a son and watch him grow up
[16:48] <+MrYinYangTrader> thanks risk.. .i count my blessing everyday
[16:48] <+Risk> he is up north
[16:48] <+Risk> about 800KM from me
[16:49] <@wrbtrader> Why not move up North ?

-------------------------

#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:

Image CME Emini Futures EMD, ES and NQ

Image ICE Emini TF Futures (formerly CME ER2)

Image CBOT mini-sized Dow Futures YM

Image Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50

Image Eurex Fixed Income Derivatives (futures) BUND, BOBL and Schatz

Image Euronext Futures FTSE-100 and CAC-40

Image CME Futures EuroFX 6E and EC

Image Treasury Futures T-Notes ZT, ZN, ZF and T-Bonds ZB

Image Forex Currencies GBPUSD, EurUsd, EurYen and UsdCdn

Image Exchange Traded Funds BGU, DIA, FAS, FAZ, GLD, IWM, QQQQ, SPY, OIH, TNA and XLE

Image NYMEX Energy Futures Light Crude Oil CL, e-miNY QM and Natural Gas NG

Image COMEX Metal Futures Gold GC, mini-Gold YG, Copper HG and Silver SI

Image 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)
Image@ 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.com
Go Back To TheStrategyLab.com Homepage


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