##TheStrategyLab Price Action Chat Room Logs

#FuturesTrades is free along with being a serious professional trading chat room and any trader can use the chat room to post their trades or commentaries involving futures, exchange traded funds or forex currencies.

This is not a signal calling chat room nor is the chat room designed to be educational. #FuturesTrades is designed to be a trade journal for documentation purposes only so that members can have a time stamp archive of trades and market commentaries of each trading day so that they can better understand their broker statements from one trade to the next trade when they review their performance numbers on any given trading day. Yet, you will see members providing useful trading tips that may or may not help with your trading.

Therefore, we welcome all traders with their own methods or different perspective of the markets as long as they do not violate our Terms of Use (TOU) Policy.

Thanks for reading the trades or market commentaries that's below and it's highly recommend you make reading of the logs a part of your trading routine because you will sometimes find useful trading tips not discussed anywhere else online nor in any books.

Posted by M.A. Perry
Trader and Founder of WRB Analysis (wide range body analysis)

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



Session Start: Tue Apr 13 09:23:00 2010
Session Ident: #FuturesTrades
[09:23] * Now talking in #FuturesTrades
[09:23] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:24] <werner> not a nice day yesterday
[09:26] <@wrbtrader> I'm expecting today to be much better
[09:27] <+werner> ow that be welcome
[09:27] <+werner> will be
[09:28] <@wrbtrader> The key market events started in yesterday's late afternoon trading session and will continue for the remainder of the trading week.
[09:28] <rickf> hope so
[09:28] <jbuch> me to
[09:29] <drt> everyone
[09:29] <+jbuch> worried that we are going open right back in that crap range
[09:29] <+werner> drt
[09:30] <+rickf> ding ding
[09:33] <Risk> good morning, bonjour, goedemorgen, buongiorno, buenos dias, boker tov
[09:33] <+werner> Shorts NQ @ 1989.50
[09:34] <+werner> Covered all NQ Short @ 1988.75 --> + 0.75
[09:35] <+jbuch> violent movement on NQ
[09:36] <+werner> indd
[09:36] <+werner> brr
[09:39] <+Risk> news in 20 min
[09:39] <+werner> goedemorgen risk
[09:40] <Sidhartha> what news...
[09:40] <+jbuch> Shorts ES @ 1190.25
[09:41] <+jbuch> Covered all ES Short @ 1189.75 --> + 0.5
[09:42] <+werner> nq at prev weekly high
[09:42] <+werner> 92.75
[09:43] <+werner> tf prev weekly high 702.30
[09:44] <+werner> mm nq
[09:44] <+jbuch> wow
[09:49] <pdays> Long NQ @ 1994.5
[09:49] <+pdays> Exited all NQ Long @ 1995.5 --> + 1
[09:49] <+jbuch> Long ES @ 1191
[09:50] * codehead_afk is now known as codehead
[09:51] <@wrbtrader> Long TF @ 703.10 -> small size
[09:51] <@wrbtrader> 1 only
[09:52] <@wrbtrader> had a few data stalls...just being careful the first trade with my size because of such
[09:52] <+Risk> Sid - IBD/TIPP
[09:52] <+Risk> some confidence stat
[09:53] <+werner> nq at yesterdays high here
[09:53] <+Risk> based on a survey of 900 consumers
[09:53] <@wrbtrader> Exited TF Long @ 702.60 --> - 0.5
[09:53] <+Risk> classified as LOW IMPORTANCE
[09:54] <+Sidhartha> thanks
[09:55] <@wrbtrader> Be careful about those types of Low Importance key market events especially after a trading day like yesterday that had no key market events.
[09:56] <+werner> Shorts NQ @ 1997.00
[09:56] <@wrbtrader> Simply, people may try to use the Low Importance event today to produce a swing point or strong continuation price action
[09:59] <+jbuch> Exited all ES Long @ 1191 --> 0
[09:59] <+werner> Covered all NQ Short @ 1995..00 --> + 1997.00 - 1995..00
[10:00] <@wrbtrader> Shorts TF @ 702.00 -> small size
[10:00] <@wrbtrader> 3 only
[10:00] <@wrbtrader> volatility spike
[10:00] <+jbuch> poor managment should have been off a 92 .25
[10:00] <+werner> Covered all NQ Short @ 1995.00 --> + 2
[10:00] <+jbuch> got greedy
[10:00] <+codehead> nice
[10:00] <+codehead> dang, i shorted same place as you, as soon as i got on, 2 pt target
[10:01] <+Risk> news better than exp
[10:01] <+codehead> but hadn't taken time to actually see mkt, took less
[10:01] <+Risk> not that it matters .....
[10:02] <+werner> codehead ...you are talking to me?
[10:03] <+codehead> yeah
[10:03] <+codehead> nice entry
[10:03] <+werner> ok tx...you too
[10:03] <+codehead> yeah well, i was lucky to get on when it was sitting there and signal was on
[10:04] <+codehead> actually seem to good to be true, and moved my exit up just to complete a trade
[10:04] <+codehead> lol
[10:04] <+codehead> oh well, my bday, nice to get a winner first thing, even small
[10:05] <+werner> so it is
[10:05] <+rickf> happy bday
[10:05] <+werner> a plus is a plus
[10:05] <+codehead> thx
[10:05] <@wrbtrader> Covered all TF Short @ 701.70 --> + 0.3
[10:05] <+jbuch> nice happy BDAY BRO
[10:05] <+codehead> bad news is i really have to go to the dmv after the close and renew my license :-P
[10:05] <+codehead> without an appointment
[10:05] <+werner> happy bday codehead
[10:05] <+codehead> thanks guys
[10:06] <+rickf> btw - another reason to trade for yourself and avoid fullservice brokers: to close out 5 equity put options on my retirement acct is $100 commish
[10:06] <+rickf> on top of the $50 to put the trade on, so even though the options were profitable they were break-even trades at best.
[10:07] <+codehead> hm, 1998.50 is .786 exact
[10:08] <+werner> i will take a whisky on your bday when a am done with trading codehead
[10:10] <+codehead> hehe
[10:10] <+codehead> btw, we're put-heavy again for options expiration
[10:10] <+codehead> so don
[10:11] <+codehead> so don't expect a big selloff this week
[10:12] <+werner> 1994.00 nq littel sup zone
[10:12] <+rickf> geez chop city again
[10:12] <+codehead> yesterday was the quietest day (intraday range) since May 2007
[10:13] <+jbuch> WOW
[10:14] <+jbuch> I knewit sucked but didn't know it was that bad
[10:15] <+werner> i think i wait till its out of this zone
[10:20] <@wrbtrader> Shorts TF @ 700.60 -> small size
[10:20] <@wrbtrader> 2 only
[10:21] <@wrbtrader> another support failure
[10:21] <@wrbtrader> sucky entry because I was a little slow in seeing it occur
[10:22] <@wrbtrader> 701.10 was the failure point
[10:22] <+werner> here also to slow ...so zero entry
[10:25] <@wrbtrader> Covered all TF Short @ 699.40 --> + 1.2
[10:25] <+werner> vn
[10:26] <@wrbtrader> Just in time because I now have more data stalls
[10:27] <+codehead> long Ym 10917
[10:27] <+codehead> exit +10 YM
[10:28] <+werner> nice code
[10:28] <+rickf> vn
[10:28] <+rickf> missed the 1189 entry
[10:30] <+werner> wrbtrader have you erver used advance,decline rato's
[10:31] <+werner> wowo nq
[10:31] <+codehead> long 10913 Ym <paper> this time
[10:33] <+codehead> exit Ym -3 <paper>
[10:33] <+codehead> -4 sorry
[10:33] <+codehead> 1186.25, 1184.75
[10:33] <+codehead> ES levels
[10:35] <+codehead> long Ym 10912 <paper>
[10:37] <+codehead> signal rolled over--serious selling still
[10:37] <+werner> 8 red candles on a row at nq 3 min
[10:37] <@wrbtrader> Downside pressure still
[10:37] <+werner> yep
[10:39] <@X> #FuturesTrades Purpose -> Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended. More info about the chat room @ http://www.thestrategylab.com/ftchat/forum
[10:39] <+codehead> big bid held on NQ
[10:39] <+werner> ym at prev monthly high 894
[10:42] <+werner> Long NQ @ 1986..00
[10:44] <+codehead> exit YM -3 <paper>
[10:45] <+werner> Exited all NQ Long @ 1988.00 --> + 1988.00 - 1986..00
[10:45] <+werner> Exited all NQ Long @ 1988.00 --> + 1988.00 - 1986..00
[10:45] <+werner> Long NQ @ 1986.00
[10:46] <+werner> Exited all NQ Long @ 1988.00 --> + 2
[10:46] <+werner> pfff
[10:47] <+werner> wow y of that prev mh level
[10:47] <+werner> y=ym
[10:49] <+rickf> short es 1187.50
[10:52] <+rickf> out 1187 +.50
[10:52] <+rickf> back later
[10:57] <+codehead> 1991.00 NQ is .328. hit
[10:57] <+codehead> 1993.00 is .500
[11:00] <+werner> Shorts NQ @ 1989.75
[11:06] <+werner> Covered all NQ Short @ 1990.25 --> - 0.5
[11:13] <+werner> Shorts NQ @ 1989.75
[11:18] <+werner> Covered all NQ Short @ 1991.00 --> - 1.25
[11:19] <+werner> sid on my hands now
[11:25] <+jbuch> finished reading that Al Brooks book
[11:27] <+jbuch> counting the L1 and L2
[11:27] <+jbuch> and H1 H2
[11:27] <+jbuch> out of curiosity
[11:28] <+jbuch> had an H2 that failed 11:10 est
[11:29] <+jbuch> tha failure of which is supposed to be a good long
[11:29] <+jbuch> that would have put u long at 1188
[11:29] <+jbuch> with a target of 1189
[11:30] <+jbuch> and the stop should still be at 1186.75
[11:31] <+jbuch> have never paid any attention to this part of his system
[11:34] <+jbuch> but it turns out that in this particular case at least it is identical to one of my rules.which is basically a higher or lower swing after s trendline break
[11:36] <@wrbtrader> TF back where it was at prior to the first key price action just before the big drop...impressive retracement back upwards
[11:36] <+jbuch> nq and ym as well
[11:36] <+jbuch> es lagging
[11:36] <+werner> Shorts NQ @ 1992.75
[11:41] <+jbuch> I guess because it hit 1189 it obviouslywould not have filled u could raise ur stop up
[11:50] <+codehead> short YM 10938 <paper>
[11:52] <+codehead> exit YM +1 <paper>
[11:54] <+werner> Covered all NQ Short @ 1990.75 --> + 2

[11:55] <+jbuch> if he is following his rules he is having a rough morning
[11:57] <+werner> what do you think about adds wrbtrader..only add too a winning trade???
[11:59] <+rickf> back
[12:06] <@X> #FuturesTrades Purpose -> Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended. More info about the chat room @ http://www.thestrategylab.com/ftchat/forum
[12:08] <+codehead> adds are fine but...
[12:08] <+codehead> you can average down...
[12:09] <+codehead> if you understand where level is that you're buying
[12:10] <+codehead> for instance, if you're buying a stock on a pb and you want it near 100, no problem picking up some at 102, then 100.50... but if you're buying 95 you have ot ask yourself if you made a mistake
[12:10] <+codehead> you have to know where failure is
[12:11] <+codehead> and if it fails, you do not add in hopes of being able to get out ok
[12:11] <+rickf> i do that on equity positions ... in late 2008/early 2009 that was very profitable and kept my cost basis insanely low, letting me capitalize on the volatility
[12:11] * +rickf built some nice long term positions 'on the cheap' in short, controlled bursts
[12:12] <+codehead> yes, can be great advantage
[12:12] <+werner> ok tx codehead
[12:12] <+codehead> another reason to add...
[12:12] <+codehead> and my mentor does this...
[12:13] <+codehead> if you have a resistance level that you know is strong...
[12:13] <@wrbtrader> noon range after the sudden drop and then retracement back upwards for TF
[12:13] <+codehead> and another strong one above...
[12:13] <+codehead> you can add at the second, even though the first failed to hold
[12:13] <@wrbtrader> Just notice that ES is still lagging in its own retracement
[12:13] <+codehead> because both with be at least retested
[12:14] <+codehead> but in that case, again you have to know when the bigger picture failed for you
[12:18] <+rickf> days like this i am getting the bug to switch to the TF ... seems better behaved and less-gamed
[12:18] <@wrbtrader> Long TF @ 702.00 -> small size
[12:18] <+rickf> at least on the 2m
[12:18] <@wrbtrader> 2 only
[12:36] <+werner> Shorts NQ @ 1992.75
[12:39] <+werner> Covered all NQ Short @ 1992.50 --> + 0.25
[12:39] <+werner> i wait
[12:40] <JimL1> if tf could bounce into 707.2 on a quick, lite volume, lighter tick, I'll short tf
[12:40] <+JimL1> 702.2 sorry
[12:41] <+JimL1> or maybe i'll go do other work, this is a lot of wasted time
[12:42] <+werner> that 94 level nq is still res
[12:46] <+JimL1> gotta give up for now & do some other work, not enough cycling of price & volume for now
[12:50] <+codehead> yeah, i could see 1994 was good entry, was already in a YM short and had jumped the gun, so decided not to add an NQ
[12:54] <+werner> ok
[12:56] <+werner> daed zone....
[12:58] <+werner> action??
[12:59] <+codehead> nice NQ
[12:59] <@wrbtrader> Exited all TF Long @ 702.50 --> + 0.5
[13:00] <+codehead> Ym pushing hod again
[13:00] <+werner> yep
[13:00] <+Sidhartha> someone doesn't want YM to break the days high
[13:00] <+codehead> and someone wants a stop run there
[13:01] <+codehead> lol
[13:01] <+codehead> glad i took 1 tick on it tho
[13:01] <+Sidhartha> ha
[13:01] <+codehead> whew, NQ back to my early short
[13:01] <+codehead> big offer above hod sitll
[13:01] <+codehead> was there before
[13:03] <+codehead> short NQ 1997.00 <paper>
[13:03] <+codehead> can't make myself do it real for some reason--hate how NQ fills stop-hits
[13:03] <+codehead> in cases like this
[13:04] <+Sidhartha> code do you enter positions often via stops (i.e. breakouts)...
[13:04] <+codehead> no
[13:05] <+codehead> some cases i think i should
[13:05] <+codehead> like, when NQ bottome, i thought it was done, but figgered the safe entry would be a stop-buy up 2-3 ticks
[13:05] <+codehead> didn't do it tho
[13:05] <+codehead> i don't trust NQ stop-order fills much :-/
[13:05] <+Sidhartha> ok
[13:06] <+codehead> so i think about it, but waffle and end up not taking it
[13:06] <+codehead> have love-hate relationship with NQ
[13:06] <+codehead> it's the most annoying to me
[13:06] <+Sidhartha> no different to a market order I guess...
[13:06] <+Sidhartha> when the stop gets hit that is
[13:06] <+codehead> well, my platform is configured as stop-market
[13:06] <+codehead> for exits, i think you have to jsut get out, risk 2-3 ticks slippage
[13:07] <+Sidhartha> but for example, the pro's must know there a stack of buy stops at around 10962 in YM right now
[13:07] <+codehead> some cases, for entry, i'd like to have ti stop-limit
[13:07] <+codehead> yep
[13:07] <+Sidhartha> maybe it's just me, but if a breakout level is that obvious you gotta be nervous
[13:07] <+codehead> true
[13:08] <+codehead> i wanted YM short 10958, but was afk and got back, saw how close it was to hod and settle for 10954 entry...
[13:08] <+codehead> then was nervous for a while cuz like you said, those stops are too obvious
[13:09] <+codehead> did eventually get out +1, but could have filled -1 about 10 times before it finally took me
[13:09] <+codehead> those kind of stop beg to get run
[13:09] <+codehead> Ym macd divergent
[13:10] <+codehead> short frame
[13:10] <+codehead> longer frame it's sitll buying
[13:10] <+codehead> NQ and Ym both near stop-run numbers
[13:11] <+Sidhartha> yup
[13:11] <+Sidhartha> gut feeling makes me think they gotta test the stop then kill it
[13:12] <+codehead> lol yeah, that's the worst part, knowing you *should* take the stop out and protect what you made earlier, yet also knowing it probably rinses soon after
[13:15] <+codehead> exit -1.00 NQ <paper>
[13:18] <+werner> Shorts NQ @ 1997.50
[13:20] <+werner> mm tf sup here
[13:22] <+rickf> wamu getting grilled on the hill today
[13:22] <+werner> wamu??
[13:23] <+werner> Covered all NQ Short @ 1996.50 --> + 1
[13:23] <+rickf> washingto mutual
[13:24] <+rickf> biggest bank failure in us history in 2008
[13:24] <+werner> ow ok
[13:24] <+werner> out nq here ...sup tf
[13:26] <+werner> damm tf ..always doing someting els than the rest
[13:27] <+werner> thats wy wrbtrader like's it imo...lol
[13:28] <+rickf>
[13:30] <+Sidhartha> I do wonder what leads what as times... you would think with so much volume going through ES it would be the leader... but doesn't seem to be the case too often
[13:33] <+werner> i dont like the candles on es in the smaller time frame
[13:33] <+werner> nq tf and ym much better too read imo
[13:35] <+rickf> the tF seems to 'trend' better on the 2 and 5 min
[13:35] <+codehead> Ym nice wedge
[13:36] <+rickf> es has been pretty frakking useless to me this year so far -- i dont have the same conviction on entry that i used to
[13:36] <@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
[13:36] <+rickf> of course i've been distracted these months so maybe it's me
[13:37] <+werner>
[13:37] <+werner> see tf sup is working
[13:38] <+werner> its a must too see all markets
[13:39] <+rickf> then again, we're flat on the day ... +/- 1 point or so
[13:39] <+werner> nad the bigger picture
[13:39] <+werner> and
[13:39] <+rickf> definate stay-flat tape for me
[13:40] <+werner> djeez ...
[13:42] <+werner> rule 2 here: never take a bias
[13:43] <+werner> the market is....
[13:50] <+werner> i did take a bias 2 weeks ago and have a big loss after that .... and I refused to believe it was against me....
[13:51] <+werner> stupe
[13:53] <+Sidhartha> werner, you mean don't take a longer term directional bias... i.e. don't look at the weekly TF at the moment and only take longs...
[13:55] <@wrbtrader> I'm still sidelined after the data problems
[13:56] <@wrbtrader> lucking I got in a few profitable trades today
[13:59] <+werner> yes sid... if you take a bias ...its in your head and its very difficult to turn the other way ...its all in the smaller time frame to see
[14:00] <+werner> but take the longer time frame too exit
[14:00] <+werner> sup or res
[14:03] <+werner> 705.00 yesterdays hod tf
[14:04] <+werner> Shorts NQ @ 2001.25
[14:08] <+werner> Covered all NQ Short @ 2000.50 --> + 0.75
[14:15] <+werner> not greedy here as always:((
[14:28] <+werner> if there is weaknes now is sell again i think
[14:28] <+werner> 1193.00 is res es
[14:29] <@wrbtrader> Anybody know why most brokers offer foreign futures (e.g. DAX) at cheaper commissions in comparison to U.S. Eminis (e.g. ES) ??
[14:29] <+codehead> my longer tick frame on Ym finally starting to round over
[14:29] <+codehead> hm, didn't knwo that
[14:30] <+werner> ow i dont know...but that nice imo
[14:30] <+codehead> but biggest part of commish is the exchange fees
[14:31] <+werner> Shorts NQ @ 2000.75
[14:31] <+codehead> IB just dropped their rates, so i was lookign at the cost structure yesterday
[14:31] <+codehead> TF now cheapest, $2.60 r/t
[14:31] <+codehead> 3.40
[14:31] <+codehead> arg
[14:31] <+codehead> 3.60
[14:31] <@wrbtrader> Ok...so basically the foreign exchanges like Eurex, Euronext offer their futures products to brokers at a cheaper fee than the U.S. Exchanges.
[14:31] <+codehead> NQ YM ES 4.00
[14:31] <+codehead> .85 is the commish
[14:32] <+codehead> the rest is exchange fees
[14:32] <+codehead> (each way)
[14:32] <+codehead> 1.14 for ES, NQ, YM for exchange
[14:32] <+codehead> i guess there's another penny in there somewhere for something
[14:33] <@wrbtrader>
[14:33] <+codehead> yeah... i'll look...
[14:34] <+werner> Covered all NQ Short @ 2001.25 --> - 0.5
[14:34] <+codehead> they list the fees in euros...
[14:35] <+codehead> k, .50 euros for DAX, is the exchange fee...
[14:36] <+codehead> plus $0.75 for IB's commish
[14:36] <+werner> djeez that cramer on cnbc....pfffff what a nonsens guy
[14:36] <+codehead> idiot
[14:36] <+werner>
[14:37] <+codehead> k, plus 0.01 euro for "regulatory fees"
[14:37] <+werner> sharron seems to me a nice wife...lol
[14:39] <+werner> Shorts NQ @ 2000.50
[14:40] <+codehead> 2010.00 is a res on NQ, btw
[14:41] <+codehead> i don't have much else calculated above 2000 tho
[14:41] <+codehead> 1213.00 ES
[14:41] <+codehead> and 1235.00
[14:41] <+codehead> 11030, 11241, 11285 YM
[14:42] <+werner> Covered all NQ Short @ 2000.75 --> - 0.25
[14:43] <+codehead> NQ making a rectangle on 5 min chart
[14:44] <+werner> is it sup 703.20?
[14:44] <+werner> tf
[14:45] <+werner> Shorts NQ @ 2000.00
[14:46] <+werner> 99.25 still sup
[14:50] <+werner> Covered all NQ Short @ 2000.25 --> - 0.25
[14:57] <+werner> Shorts NQ @ 2000.50
[14:58] <+JimL1> back for the last hour, oh-oh 2x top ??
[14:59] <+werner> Shorts NQ @ 2000.25 -> Add
[15:03] <@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
[15:03] <@wrbtrader> Has the 3pm est party started in the market
[15:03] <+werner> Covered all NQ Short @ 2000.25 --> + 0.25
[15:09] <+werner> Shorts NQ @ 2000.25
[15:11] <+rickf> is it me or is the ES following a repeating pattern of big move up/down in the morning, then a slow trickle either upwards or to nowhere for the rest of the day?
[15:15] <+codehead> yep
[15:15] <+rickf> blergh
[15:16] <+rickf> part of me is seriously tempted to fire off a trade as appropriate, 1 or 2 contracts, in the evening, and just momentum-surf Asia and Europe.
[15:16] <+codehead> possible for *some* closing selling to set up
[15:16] <+rickf> this intraday stuff in the US trading day is ducky
[15:17] <+rickf> or just do what i am doing, trade until 11, then come back around 1500 instead of 1330
[15:18] <+werner> Long NQ @ 2001.25
[15:20] <+werner> Exited all NQ Long @ 2003.00 --> + 1.75
[15:23] <+werner> Long NQ @ 2002.50
[15:24] <@wrbtrader> Long TF @ 705.10 -> small size
[15:24] <@wrbtrader> 1 only
[15:28] <+werner> Exited all NQ Long @ 2002.50 --> 0
[15:29] <@wrbtrader> Exited TF Long @ 704.60 --> - 0.5
[15:30] <@wrbtrader> Long TF @ 705.00 -> small size
[15:30] <@wrbtrader> 2 only
[15:30] <@wrbtrader> volatility increasing
[15:33] <@wrbtrader> Exited all TF Long @ 705.30 --> + 0.3
[15:43] <+werner> Long NQ @ 2002.50
[15:44] <+rickf> quitting early
[15:44] <+rickf> see y'all tomorrow
[15:44] <+werner> cya
[15:48] <+werner> Exited NQ Long @ 2002.25 --> - 0.25
[15:48] <+werner> Reverse and Enter Short NQ @ 2002.25
[15:53] <+werner> djeez
[15:55] <+codehead> k, cya guys tomorrow, off to <dread> dmv
[15:55] * codehead is now known as codehead_afk
[15:55] <+werner> Covered all NQ Short @ 2000.50 --> + 1.75
[15:56] <+werner> done
[15:58] <+werner> what a day ...sill a tough day
[15:58] <+werner> still
[15:59] <+werner> gn all
[16:33] <@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
[16:43] <@wrbtrader> Take care everybody and see all tomorrow.
Session Close: Tue Apr 13 16:44:07 2010

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

#FuturesTrades is free and is a serious professional trading chat room in which any trader can use the chat room to post their trades or commentaries involving futures, exchange traded funds or forex currencies. Simply, you don't need to be a client of TheStrategyLab.com to use the chat room nor do you need to be a price action only trader (no indicators) because some members use indicators while others do not.

Therefore, we welcome all traders with their own methods and different perspective of the markets. To gain access to #FuturesTrades...please follow the instructions at the below link.

http://www.thestrategylab.com/ftchat/forum/viewforum.php?f=5

The purpose of #FuturesTrades is that it's designed to be a trade journal for documentation purposes only so that members can have a time stamp archive of trades and market commentaries of each trading day so that they can better understand their broker statements from one trade to the next trade when they review their performance numbers on any given trading day.

Further, members are not obligated to educate nor help other members but members are encourage to ask questions about any trades or market commentaries that's posted by others.

In addition, our primary job in the free chat room is to moderate the room (keep the peace) because with so many members using different methods along with different opinions about the market...debates or arguments can easily flare up without moderating. In addition, our presence in the chat room is to ensure it's a spam free chat room during trading although these archived chat logs may contain advertisments for guest visitors. More information about #FuturesTrades @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm

Commonly discussed trading instruments from futures, exchange traded funds and forex currencies:

CME Emini Futures EMD, ES and NQ

ICE Emini TF Futures (formerly CME ER2)

CBOT mini-sized Dow Futures YM

Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50

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

Euronext Futures FTSE-100 and CAC-40

CME Futures EuroFX 6E and EC

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

Forex Currencies GBPUSD, EurUsd, EurYen and UsdCdn

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

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

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

Hang Seng Index Futures HSI and mini-Hang Seng MHI

Also, to prevent the usual mix-up about our different chat rooms, most of our fee-base clients do not use chat rooms just like most retail traders do not use chat rooms. Yet, the few clients that do use chat rooms, our fee-base clients are discussing market analysis or trade signals via concepts from our strategies in the private chat rooms called #VolatilityTradingTSL or #SwingTradingTSL and they're not allowed to do such in #FuturesTrades.

Reminder, our Terms of Use (TOU) Policy is a must read to prevent any misunderstandings along with revealing that #FuturesTrades is a serious professional trading chat room and we expect members to act professional. Also, these logs may have been edited (rarely) to remove any messages that a member has complained to me via private message that they consider a particular commentary to be inappropriate, offending or too far in the off topic area that's a distraction when the commentary was posted.

Note: All logs regardless to their location at TheStrategyLab.com website are eastern standard time.

Best Regards,
M.A. Perry
Trader and Founder of WRB Analysis (wide range body analysis)
@ http://twitter.com/wrbtrader 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