#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 21 09:21:02 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.
[09:23] <@wrbtrader> Good morning all...back to normal trading today for me.
[09:29] <luffy>
[09:29] <drt>
[09:30] <monkeytrader> morning, i haven't been on irc since 2001!
[09:31] <werner>
all
[09:34] <winmax60> good morning everyone!!!!!
[09:37] * codehead_afk is now known as codehead
[09:39] <Risk> good morning, bonjour, goedemorgen, buongiorno, buenos dias, boker tov
[09:39] <+werner>
risk
[09:39] <+Risk> hi werner
[09:40] <+Risk> pulled my back this morning. lifted 9 bags of 30Kg gravel. Getting too old
[09:41] <jbuch> good morning everyone
[09:42] <+Risk> jb, did u buy the hoe?
[09:42] <+jbuch> sorry to read about your back old man
[09:42] <+Risk> thanks. cann't get help but unemployment is high
[09:43] <+jbuch> no but but just looking at hoes and is fun
[09:43] <+Risk> Berni is talking @ 10:15
[09:43] <+Risk> oil inv @ 10:30
[09:43] <+Risk> 30-45 min from now
[09:45] <+jbuch> I can't buy land and we are in the middle of the worst recession since the great dreppesion
[09:49] <@wrbtrader> Price action in the ETFs of the Index are in a continuation still since 1030am est yesterday
[09:50] <+werner> jbuch what land will you buy... agraries... industry or residential land??
[09:52] <+werner> what is the purpose of land purchase
[09:53] <xtractor> shorts TF 721.3
[09:53] <+werner> Shorts NQ @ 2034.75
[09:54] <+jbuch> trying to build some spec homes and or some condos werner
[09:55] <+Risk> x r u long or short
[09:56] <+werner> ok thats nice
... so buy agri land and set it to home land
[09:59] <+monkeytrader> does anyone use IB here?
[09:59] <+Risk> y
[09:59] <+monkeytrader> because i have a problem
[10:00] <+Risk>
?
[10:00] <+Risk> losing $$
[10:00] <+monkeytrader> lol - it appears that i can't close any of my current positions, and am wondering if anyone has come across this before
[10:00] <+Risk> i use ninja on top of IB
[10:01] <+Risk> no problems here but i did not trade 2day
[10:01] <+Risk> worst case - call them and they will close your trades
[10:01] <+monkeytrader> i use esignal on top of IB
[10:01] <+monkeytrader> well its only a paper account
[10:02] <+monkeytrader> but still, if this happened with a live account i would be in a bit of strife
[10:02] <+monkeytrader> ill call
[10:02] <@wrbtrader> Shorts TF @ 721.20 -> small size
[10:02] <+Risk> in paper it happened 2 me 2
[10:02] <@wrbtrader> 2 only
[10:02] <+drt> ib fine here
[10:03] <+werner> Covered all NQ Short @ 2032.50 --> + 2.25
[10:03] <+xtractor> covers TF 720.3 +1
[10:05] <+xtractor> buys TF 720.3
[10:06] <@wrbtrader> Covered all TF Short @ 720.90 --> + 0.3
[10:07] <+xtractor> sells TF 721.3 +1
[10:07] <@wrbtrader> Hmmm...I thought the price action was slow enough (boring) on low volatility that I thought it was a safe trail stop
[10:10] <@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[10:11] <+codehead> $ADD uninspiring
[10:11] <+werner> nq only with a gap
[10:12] <+werner> 2037.75 was prev weekly high
[10:13] <@wrbtrader> Long TF @ 721.60 -> small size
[10:13] <@wrbtrader> 3 only
[10:14] <@wrbtrader> within 2 ticks of entering a prior key change in supply/demand
[10:14] <@wrbtrader>
[10:14] <+xtractor> very choppy
[10:15] <+xtractor> looking for a break of 1205 and 720
[10:16] <@wrbtrader> Exited all TF Long @ 721.10 --> - 0.5
[10:17] <+codehead> YM trying to test high of year, but popping out there
[10:17] <+werner> maybe markets have trouble with the prev weekly highs
[10:18] <+werner> Shorts NQ @ 2031.75
[10:18] <+werner> wo thats fast
[10:19] <+werner> tf must break
[10:19] <+xtractor> shorts ES 1204.5
[10:19] <+Risk> must
??
[10:20] <+werner> Covered all NQ Short @ 2029.00 --> + 2.75
[10:20] <@wrbtrader> Shorts TF @ 720.00 -> small size
[10:20] <@wrbtrader> 3 only
[10:20] <+xtractor> shorts TF 719.9
[10:20] <@wrbtrader> support failure
[10:20] <@wrbtrader> will need more volatility to push it hard down
[10:21] <+werner> yep thats what i mean risk
[10:21] <+werner> support failure
[10:22] <+xtractor> no follow thru
[10:22] <+werner> thnx wrbtrader ...that fly is gone
[10:23] <+werner> djeez what a idiot
[10:24] <@wrbtrader> volatility drying up going into the 1030am est EIA Petroluem Status Report
[10:24] <@wrbtrader> expecting a spike here soon
[10:26] <+werner> nq has sup all ses here...lets see
[10:27] <+xtractor> covers part ES 1203.5 +1
[10:29] <@wrbtrader> decision time...wait for the spike or dump it now
[10:29] <@wrbtrader>
[10:29] <+werner> nq at prev high 2025.25
[10:30] <+codehead> oil inv
[10:30] <+xtractor> covers part TF 718.9 +1
[10:30] <@wrbtrader> Covered 1/3 TF Short @ 718.80 --> + 1.2
[10:30] <+Risk> oil dropped almost 1$
[10:31] <@wrbtrader> Covered Remainder TF Short @ 719.00 --> + 1
[10:31] <+werner> vn wrbtrader
[10:32] <+werner> nq nice bounce
[10:34] <+werner> Long NQ @ 2026.75
[10:34] <+xtractor> covers part ES 1202.5 +2
[10:34] <+werner> Exited all NQ Long @ 2028.00 --> + 1.25
[10:34] <+xtractor> covers all TF 718.9 +1
[10:35] <+xtractor> covers all ES 1203.5 +1
[10:36] <@wrbtrader> Long TF @ 720.30 -> small size
[10:36] <@wrbtrader> 3 only
[10:36] <@wrbtrader>
[10:37] <@wrbtrader> Exited all TF Long @ 720.40 --> + 0.1
[10:37] <+werner> 720.50:(
[10:38] <@wrbtrader> early exit...be back later
[10:38] * wrbtrader is now known as wrbtrader_away
[10:42] <JimL1> gotta be quick-draw McGraw today to catch these turns, & the runs are many ticks
[10:43] <+xtractor> yes very choppy but this up move is biggest of the day
[10:49] <+xtractor> shorts TF 721.5
[10:49] <+JimL1> i got short @ open & was ahead & then got whacked for a full 3 contract stop -9 ticks on the explosive reversal @ 9:33, finally have dug myself out of the hole w/quick trading that I couldn't post
[10:51] <+xtractor> covers part TF 721 +0.5
[10:56] <+jbuch> Long ES @ 1205
[10:56] <+JimL1> scary area here, could be measured out thru tops ; or drop to the last bottom swing
[10:56] <@wrbtrader_away> My trading day may be over...spouse went to day care to pick up one of the kids that's not feeling good...will be going to the doctor with her to take him to the clinic. Talk to all later.
[10:56] <+codehead> k, hope all is well
[10:56] <+JimL1> best wishes WRB
[10:57] <+jbuch> Exited all ES Long @ 1204.5 --> - 0.5
[10:58] <+xtractor> covers part TF 720.5 +1
[11:02] <+xtractor> covers part TF 720 +1.5
[11:05] <+xtractor> covers all TF 720.5 +1
[11:09] <+xtractor> 1020.5 strong support but getting pounded
[11:09] <+xtractor> 1202.5
[11:10] <+JimL1> they trying to drill thru it, like the 1205 & 720 areas earlier
[11:11] <+xtractor> yes
[11:11] <+xtractor> no follow thru today so it's a toss up for either breakout or breakdown
[11:13] <+xtractor> 1201.75 over night low (tested) and TF is above low
[11:14] <+xtractor> buy TF 720.2
[11:14] <+JimL1> oil seems t/b holding things dwn; tf, nq, & add trying to make hi'r lo's
[11:17] <+JimL1> narrow range this am in tick & add, i think this indiciates lack of institutional volume programs which yields range bound price action
[11:17] <+xtractor> sell part TF 720.7 +0.5
[11:20] <+xtractor> sell part TF 721.2 +1
[11:21] <+Risk> when I grow up I want to be like xtractor
[11:24] <+xtractor> sell part TF 721 +0.5
[11:25] <+xtractor> all out 720.5 +0
[11:25] <+xtractor> short ES 1201.5
[11:26] <+xtractor> cover ES 1200.5 +1
[11:27] <+xtractor> 1204 SPX important level to watch
[11:29] <+xtractor> big divergence between ES and TF
[11:32] <+JimL1> Shorts TF @ 719.2 «« simulator »»
[11:32] <+JimL1> 3
[11:33] <+JimL1> Covered 1/3 TF Short @ 718.8 --> + 0.4 «« simulator »»
[11:34] <+codehead> YM 11030+34 support
[11:35] <+xtractor> buys ES 1199.75
[11:36] <+JimL1> Covered all TF Short @ 718.6 --> + 0.6 «« simulator »»
[11:37] <+JimL1> Covered all TF Short @ 718.7 --> + 0.5 «« simulator »»
[11:38] <+JimL1> Long TF @ 718.5 «« simulator »»
[11:38] <+JimL1> 2
[11:38] <+JimL1> Exited 1/2 TF Long @ 719 --> + 0.5 «« simulator »»
[11:39] <+JimL1> Exited Remainder TF Long @ 718.8 --> + 0.3 «« simulator »»
[11:39] <+werner> Long NQ @ 2020.75
[11:40] <@X> #FuturesTrades Purpose -> Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended. More info about the chat room @
http://www.thestrategylab.com/ftchat/forum[11:40] <+JimL1> Long TF @ 718.9 «« simulator »»
[11:40] <+JimL1> 1
[11:40] <+werner> Exited all NQ Long @ 2021.75 --> + 1
[11:40] <+codehead> mismanaged, had a nice entry on NQ
[11:41] <+JimL1> Exited all TF Long @ 719.1 --> + 0.2 «« simulator »»
[11:41] <+codehead> mainly, stepped out with a couple ticks, intent of getting it back same stop, but didn't
[11:42] <+werner> Long NQ @ 2021.75
[11:44] <+werner> Exited all NQ Long @ 2022.75 --> + 1
[11:50] <+xtractor> sell part ES 1200.75 +1
[11:58] <+xtractor> sell all ES 1201.75 +2
[11:58] <+xtractor> VIX droping to Friday's pre-announcement level
[12:06] <+xtractor> 1202.5 level here
[12:06] <+xtractor> resistence
[12:07] <+xtractor> resistance
[12:07] <+xtractor> interesting conf. call with Paulson regarding the GS probe
[12:09] <+werner> Shorts NQ @ 2025.50
[12:13] <+werner> Covered all NQ Short @ 2026.25 --> - 0.75
[12:17] <+werner> es and ym res here
[12:20] <+werner> ...tf is a not pretty chart
[12:21] <+werner> Shorts NQ @ 2025.75
[12:28] <+werner> Covered NQ Short @ 2027.50 --> - 1.75
[12:28] <+werner> Reverse and Enter Long NQ @ 2027.50
[12:32] <+werner> Exited all NQ Long @ 2027.25 --> - 0.25
[12:33] <+werner> mm
[12:34] <+werner> Shorts NQ @ 2028.50
[12:35] <+werner> intuition
[12:37] <+werner> Covered all NQ Short @ 2029.50 --> - 1
[12:37] <+werner>
[12:46] <+xtractor> shorts ES 1204.5
[12:48] <+werner> Shorts NQ @ 2029.75
[12:50] <+xtractor> covers part ES 1203.5 +1
[12:50] <+codehead> nice trade
[12:50] <+codehead> i clicked in 1204.75, booktrader for ES wasn't enabled :-/
[12:50] <+codehead> put it in anyway, didn't fill right away, so pulled it, but it woulda filled
[12:51] <+codehead> took a nap, a little groggy
[12:52] <+xtractor> thanks
[12:54] <+xtractor> CL had a nice run up
[12:54] <+codehead> i usually enable ES YM NQ, and had traded NQ and YM already today, didn't notice ES easn't ready to go
[12:54] <+codehead> yes
[12:54] <+codehead> got it all back
[12:54] <+codehead> then quick dip
[12:55] <+xtractor> market waiting for something but not sure what
[12:55] <+werner> Covered all NQ Short @ 2029.50 --> + 0.25
[12:56] <+xtractor> cover all ES 1203.5 +1
[12:56] <+werner> take a break
[12:56] <+werner>
[13:00] <+werner> Shorts NQ @ 2028.50
[13:00] <+werner> stops are in
[13:01] <+werner>
[13:07] <@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[13:11] <+werner> Covered all NQ Short @ 2026.25 --> + 2.25
[13:12] <+werner> take a break
[13:12] <+werner> i go to see spartacus 12 and 13 now
[13:13] <+werner> wiht my son
[13:13] <+werner> cya all
[13:14] <+codehead> nice werner
[13:44] <+codehead> NQ needs to hold up 2025 area
[14:17] <+xtractor> shorts ES 1199.75
[14:18] <+xtractor> cover part ES 1198.75 +1
[14:24] <+xtractor> cover all ES 1197.75 +2
[14:25] <+xtractor> support 1197.5
[14:26] <+codehead> long YM 11035 <paper>
[14:26] <+codehead> little bigger stop than i want this time of day, so paper
[14:26] <+xtractor> buy ES 1197.5
[14:27] <+xtractor> might be early on this long
[14:30] <+codehead> 11030-11033 is cluster on YM
[14:30] <+codehead> mentioned earlier
[14:30] <+codehead> see if it can hold
[14:31] <+codehead> did we have news?
[14:32] <+xtractor> buy TF 718.4
[14:33] <+xtractor> no news just some volume
[14:33] <+JimL1> yowsa, jsut got back & let's hope the volatility stays
[14:34] <+codehead> i guess there must be something going on i don't know about--ADD turned down pretty sharply, when market had been lookign pretty good
[14:37] <@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[14:39] <+xtractor> SPX at 4/12 high
[14:47] <+monkeytrader> do you guys use some sort of add on to log your trades here?
[14:47] <+codehead> i don't think so
[14:48] <+monkeytrader> you just type it in?
[14:48] <+xtractor> sell part TF 719.4 +1
[14:49] <+xtractor> sell all ES 1197.5 +0
[14:50] <+xtractor> sell all TF 719.5 +1.1
[14:50] <+xtractor> type it mt
[14:51] <+monkeytrader> ta
[14:53] <+codehead> there is a script
[14:53] <+codehead> on the website
[14:55] <+monkeytrader> does it work with esignal
[14:56] <+JimL1> Long TF @ 719.8 «« simulator »»
[14:56] <+JimL1> 3
[14:56] <+JimL1> Exited 1/3 TF Long @ 720.2 --> + 0.4 «« simulator »»
[14:56] <+codehead> it's a mirc script
[14:56] <+codehead> for display purposes
[14:57] <+monkeytrader> okay thanks
[14:57] <+xtractor> do you have a link for the script? is it easier than typing it?
[14:58] <+JimL1> Exited Remainder TF Long @ 719.8 --> 0 «« simulator »»
[14:58] <+JimL1> mishandled trlng stop
[14:59] <+codehead> 06:29 X: [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[15:00] <+JimL1> that was 15 tick mistake :<
[15:00] <+codehead> exit YM +9 <paper>
[15:00] <+codehead> target was +20, but i don't want to watch it any more
[15:01] <+monkeytrader> with mirc scripts, you still have to type it, but i believe it will format it for you (like JimL1)
[15:03] <+JimL1> its mouse-based, right click, drop down boxes that you fill w/numbers
[15:03] <+codehead> yeah, you can type in shorthand, and when you exit it calculated the profit/loss
[15:03] <+codehead> (remembers entry)
[15:03] <+xtractor> sounds easier that typing it all in manually...thanks!
[15:05] <+JimL1> Long TF @ 721.3 «« simulator »»
[15:05] <+JimL1> 3
[15:06] <+monkeytrader> nice
[15:06] <+JimL1> Exited 1/3 TF Long @ 721.7 --> + 0.4 «« simulator »»
[15:11] <+xtractor> sell TF 720.9
[15:15] <+xtractor> cover all 721.9 -1
[15:16] <+xtractor> 722 -1.1
[15:16] <+codehead> 12:01 codehead: target was +20, but i don't want to watch it any more
[15:16] <+codehead> 19...
[15:16] <+codehead> lol
[15:17] <+codehead> i put that trade on for Risk, but he's not here today i guess
[15:17] <+codehead> it was the "tick fade" trade
[15:20] <+codehead> that we discussed yesterday
[15:20] <+codehead> we did hit an extreme on that pop too
[15:24] <+JimL1> tick fades rarely work in a strong trend, or its the 3rd fade that will succeed, tick acts like a tachometer not a mileage indicator
[15:29] <+JimL1> Long TF @ 722.7 «« simulator »»
[15:29] <+JimL1> 3
[15:32] <+JimL1> Exited 1/3 TF Long @ 723.2 --> + 0.5 «« simulator »»
[15:32] <+JimL1> Exited 2/3 TF Long @ 723.7 --> + 1 «« simulator »»
[15:32] <+codehead> ok, the +20 filled here, but after i exited i realized...
[15:33] <+codehead> the trade has 35 min time limit, and i exit at 34 mins
[15:33] <+codehead> i knew it was getting close
[15:33] <+codehead> so, the +9 was the correct trade anyway
[15:36] <+JimL1> Exited Remainder TF Long @ 724 --> + 1.3 «« simulator »»
[15:40] <+xtractor> sell TF 723.8
[15:45] <+xtractor> back to the 1202.5 area
[16:01] <+xtractor> cover TF 723.7 +0.1
[16:05] <+codehead> SBUX
[16:05] <+codehead> up
[16:06] <+codehead> CTXS down
[16:06] <+codehead> QCOM down
[16:07] <+xtractor> yes very big
[16:07] <@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[16:09] <+monkeytrader> cya all!
[16:12] <+werner> gn all
[16:12] <+codehead> gn
[16:12] <+werner> gn codehead
[16:16] <+xtractor> ebay selling
[16:32] <+xtractor> big selling ES
[17:29] * codehead is now known as codehead_afk
[17:37] <@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 21 19:18:12 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.
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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
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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
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#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
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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)
@
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Business Hours: 8am - 5pm est (Mon - Fri)
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