Login    Forum    Search    FAQ



Post new topic Reply to topic Bookmark and Share  [ 1 post ] 
Author Message
 Post subject: May 17th Monday - Futures, ETFs and Forex Currencies
 Post Posted: Mon May 17, 2010 3:22 pm 
Offline
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: Mon May 17 09:07:11 2010
Session Ident: #FuturesTrades
[09:07] * Now talking in #FuturesTrades
[09:07] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:08] <@wrbtrader> I'm expecting the room to be small today.
[09:08] <rickf> yeah noticed a new password this morning :)
[09:08] <pat255> gm all
[09:09] <+rickf> did something happen last week to close it down again?
[09:09] <Sidhartha> Hey all... back after 3 weeks away. seems I missed some nice vol...
[09:09] <+rickf> gm
[09:09] <+pat255> hi sid N rick
[09:12] <+rickf> i should be g2g now - main computer HD died last week, and other geekish stuff decided to act funky as well.
[09:13] <+rickf> new machine now, should be back to normal
[09:15] <drt> What kind of commission you guys pay for TF trades?
[09:16] <+rickf> I pay $5 r/t for eminis at ToS
[09:17] <+pat255> charts dont refresh...what a start this an..:(
[09:18] * codehead_busy is now known as codehead
[09:18] <+drt> I pay 3.60 rt for ES at infinity, not sure what they charge for TF
[09:22] <Risk> gm
[09:29] <+Risk> foreigeneres r still buying US securities big time
[09:29] <+Risk> TIC
[09:30] <+drt> gm all
[09:31] <+Risk> gm drt. how is the situation in your country?
[09:33] <+drt> not my country, im just retired visitor .... nasty stuff, snipers take down unarmed protesters.
[09:35] <@wrbtrader> wow :(
[09:36] <+pat255> v dangerous place ..
[09:36] <+rickf> short es 1137.50
[09:37] <+rickf> out 38.50 -1
[09:38] <+pat255> rick I use 1 pt stop ..always have trouble ..but may change to 4 pts hard setop
[09:38] <+rickf> no i misread something, not a stop
[09:39] <+pat255> k
[09:40] <+rickf> yes - trader error :(
[09:40] <codehead> my esignal not working today :-/
[09:40] <+codehead> on hold...
[09:40] <+Risk> it's funny (not really) how we see tops when they r in fact just retracements
[09:41] <+rickf> wow the eurofx is green for a change ... for the moment
[09:42] <+Risk> Remember when Dubai or Abu Dhabi threatened to replace the US$ with the Euro :))) ?
[09:42] <+rickf> heh
[09:43] <+Risk> at least 2day the GJ and EJ r in sync with the emini's
[09:44] <+rickf> this is the move i was looking for but entered early. bleh.
[09:44] <+rickf> do. not. anticipate. the. trade.
[09:45] <@wrbtrader> Shorts TF @ 700.60 -> small size
[09:45] <@wrbtrader> 3 only
[09:47] <@wrbtrader> Covered 2/3 TF Short @ 697.00 --> + 3.6
[09:47] <+rickf> not chasing it
[09:47] <+pat255> vn
[09:48] <@wrbtrader> That was a random exit...just put an order out there to see if it would get filled...it did :)
[09:48] <+rickf> nice wrbtrader
[09:51] <@wrbtrader> Covered Remainder TF Short @ 699.60 --> + 1
[09:53] <@wrbtrader> I just got bearish
[09:53] <@wrbtrader> Shorts TF @ 698.00 -> small size
[09:53] <@wrbtrader> 2 only
[09:55] <@wrbtrader> Covered all TF Short @ 697.00 --> + 1
[09:56] <+pat255> still no refresh of charts ..:(
[09:58] <@wrbtrader> weak support area developed
[09:58] <+Risk> Shorts TF @ 695 «« simulator »»
[09:59] <@wrbtrader> Shorts TF @ 694.70 -> small size
[09:59] <@wrbtrader> 3 only
[10:01] <+Risk> Covered 1/2 TF Short @ 694.4 --> + 0.6 «« simulator »»
[10:01] <+Risk> Covered Remainder TF Short @ 694.5 --> + 0.5 «« simulator »»
[10:01] <@wrbtrader> Covered all TF Short @ 694.00 --> + 0.7
[10:03] <+Risk> feels like a RANGE DAY but what do I know
[10:06] <+rickf> range morning anyway, but too soon to tell for sure :)
[10:07] <+Risk> [10:03:37] <Risk> .............. but what do I know - :)
[10:07] <+rickf> ;)
[10:08] <+Risk> reminds me when I used 2 design circuits and something went wrong, after a few years in the business I could FEEL when something was resolved and when I FELT that the problem will come back
[10:09] <+Risk> I hope i am getting to that stage in trading
[10:09] <+Risk> = intuition of Mark
[10:11] <@wrbtrader> weird price action the past 10 minutes
[10:13] <+pat255> S 1909.74 NQ papaer
[10:14] <+pat255> cover =2
[10:14] <+pat255> paper trades work ...lol :9
[10:15] <@wrbtrader> Long TF @ 698.00 -> small size
[10:15] <@wrbtrader> 1 only
[10:15] <@wrbtrader> big time chasing
[10:15] <@wrbtrader> intuition
[10:16] <@wrbtrader> Exited TF Long @ 698.20 --> + 0.2
[10:16] <@wrbtrader> geeesh
[10:20] <@wrbtrader> I'm bearish again but this time it's tricky because of the contracting volatility
[10:20] <+pat255> saw the vix dropping but no trade ...;9
[10:21] <@wrbtrader> Shorts TF @ 698.40 -> small size
[10:21] <@wrbtrader> 2 only
[10:25] <@wrbtrader> Covered all TF Short @ 696.70 --> + 1.7
[10:25] <+pat255> vn
[10:34] <@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
[10:42] <+rickf> bbl
[10:48] <@wrbtrader> Long TF @ 696.00 -> small size
[10:48] <@wrbtrader> 2 only
[10:51] <@wrbtrader> Exited TF Long @ 696.20 --> + 0.2
[10:51] <@wrbtrader> geeesh
[10:51] <@wrbtrader> :(
[10:51] <@wrbtrader> TF all over the place off that support area.
[10:52] <@wrbtrader> Need a eating break...be back later
[11:06] <+codehead> long YM 10544 <paper>
[11:06] <+codehead> no signal
[11:06] <+codehead> exit YM -2 <paper>
[11:06] <+codehead> wave of extreme tick
[11:08] <+codehead> long YM 10542 <paper>
[11:09] <+codehead> exit YM +10 <paper>
[11:10] <+codehead> long YM 10542 <paper>
[11:11] <Time4now> watching yen triangle consolidate
[11:11] <+codehead> exit YM -2 <paper>
[11:11] <+codehead> another tick extreme
[11:16] <+codehead> long NQ 1898.50 <paper>
[11:16] <+codehead> front running a little
[11:17] <+codehead> exit half NQ +1.50 <paper>
[11:18] <+codehead> stop b/e remainder <paper>
[11:18] <+codehead> stop 1896.75 <paepr>
[11:19] <+codehead> exit NQ +.25 <paper>
[11:19] <+codehead> another tick extreme
[11:27] <+codehead> the technical term for the oil trajectory is "plummet"
[11:27] <+Risk> 1123.75 was touched many times. seems like an important level
[11:27] <@wrbtrader> Ok...I'm back
[11:28] <+codehead> USO got biggest volume on that dump
[11:28] <+Risk> i am going to fill my gas tank. looks like there is a sale on gsaoline
[11:28] <+codehead> divergence
[11:28] <+codehead> on YM
[11:28] <@wrbtrader> weak support area for TF
[11:30] <@wrbtrader> Looks like EuroFX 6E or Forex EurUsd trying to retrace all of it's overnight gains
[11:30] <@wrbtrader> Long TF @ 688.30 -> small size
[11:30] <@wrbtrader> 1 only
[11:34] <@wrbtrader> Exited TF Long @ 687.50 --> - 0.8
[11:35] <@wrbtrader> Long TF @ 688.60 -> small size
[11:35] <@wrbtrader> 3 only
[11:38] <@wrbtrader> Exited 1/3 TF Long @ 689.90 --> + 1.3
[11:40] <@wrbtrader> trail tighten @ profit
[11:41] <+pat255> just a lousy am ..missed the S .. now getting close to lunch
[11:46] <@wrbtrader> Exited Remainder TF Long @ 688.90 --> + 0.3
[11:48] <@wrbtrader> I'm still bullish until this makes a new intraday low
[11:48] <+pat255> y looks like
[11:53] <@wrbtrader> Shorts TF @ 685.50 -> small size
[11:54] <@wrbtrader> 2 only
[11:54] <@wrbtrader> support failure
[11:54] <@wrbtrader> intuition
[11:55] <@wrbtrader> :(
[11:55] <@wrbtrader> it's fighting
[11:57] <@wrbtrader> Covered all TF Short @ 685.80 --> - 0.3
[12:00] <@wrbtrader> Shorts TF @ 684.60 -> medium size
[12:00] <@wrbtrader> 4 only
[12:00] <@wrbtrader> intuition
[12:00] <@wrbtrader> Shorts TF @ 683.30 -> Add
[12:00] <@wrbtrader> 3 added
[12:01] <@wrbtrader> Shorts TF @ 682.30 -> Add
[12:01] <@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
[12:01] <@wrbtrader> 2 added
[12:02] <@wrbtrader> Covered TF Short @ 680.00 --> + 6.9
[12:02] <@wrbtrader> Holding 7 contract remainders
[12:02] <@wrbtrader> +2.3 on those 2 contracts...not +6.9
[12:03] <+Risk> u r cornering the market Mark
[12:03] <+pat255> ell done N
[12:03] <+pat255> just too fast ..
[12:04] <+pat255> man what a drop
[12:04] <@wrbtrader> I did those adds because I saw several key markets breakdown through support about the same time.
Image
[12:04] <+pat255> i c..
[12:06] <@wrbtrader> Covered TF Short @ 677.30 --> + 7.3
[12:07] <@wrbtrader> +6.0 not +7.3
[12:07] <@wrbtrader> Holding 4 contract remaiders
[12:07] <+Time4now> I've never seen anyone pyramid and take advantage of a drop like that before, cool
[12:08] <@wrbtrader> I've tried it before a few times last year...failed big time (losses).
[12:08] <+pat255> N vvn what a trade
[12:08] <+Risk> surely it fell enough . let's go long. :))
[12:08] <+Risk> or add 2 longs
[12:09] <@wrbtrader> Difference this year (a few times) is that I now watch several markets at the same time to see if they're hammering at support or resistance at the "same time"
[12:09] <@wrbtrader> More success at it this year
[12:09] <+Time4now> you must use multiple monitors yes?
[12:09] <@wrbtrader> Yes
[12:09] <+Time4now> k, I only have one at the moment
[12:09] <+Risk> or a 60" LCD
[12:10] <+Risk> 2 monitors is a minimum
[12:11] <+Risk> trading is one of the lowest cost entry professions I know of
[12:11] <+Risk> lowest entry cost
[12:11] <+Risk> except for drywall installers
[12:16] <+Sidhartha> until you lose all your captial... then it starts to become expensive!
[12:19] <+Risk> :(
[12:30] <+Risk> Shorts TF @ 681.4 «« simulator »»
[12:32] <+pat255> later guys back to office
[12:33] <+pat255> ty all
[12:35] <+Risk> Shorts TF @ 684.4 -> Add «« simulator »»
[12:43] <+Risk> Covered all TF Short @ 682.4 --> + 1 «« simulator »»
[12:48] * +Time4now sell es 19.50
[12:48] <+Risk> 2nd entry was much better than the 1st but the 1st was still by the rules.
[12:51] <+Risk> Shorts TF @ 682 «« simulator »»
[12:53] <+Risk> Covered 1/2 TF Short @ 681.4 --> + 0.6 «« simulator »»
[12:53] <+Risk> Covered Remainder TF Short @ 681 --> + 1 «« simulator »»
[13:00] * +Time4now out es 18
[13:31] <@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
[13:31] <@wrbtrader> Covered Remainder TF Short @ 684.20 --> + 0.4
[13:50] <+rickf> back
[14:04] <+rickf> short es 1125.25
[14:06] <+rickf> exit es 1124 +1.25
[14:09] <+rickf> sheesh my timing is all off today :(
[14:14] <+codehead> oil
[14:15] <+codehead> broke res this time
[14:15] <+codehead> i messed myself up today buying NQ calls, not because i was losing, but because i was messing with them and not taking the futs trades
[14:15] <+codehead> made a little, wasn't worth missing the futs trades
[14:16] <+codehead> qqqq calls actually
[14:16] <+codehead> so i expected the bounce back to 1890-1900
[14:17] <+codehead> but didn't long NQ cuz i was in the calls :-/
[14:17] <+codehead> no more options for me
[14:17] <+rickf> i closed out a few equity options spreads today for ~15% gain ... the r/r on them wasn't what it was when i put 'em on in march
[14:24] <+codehead> hm, NQ 1900.00 is .618 exact
[14:24] <+Time4now> thinking of taking the yen long
[14:25] <+Risk> Shorts TF @ 684.4 «« simulator »»
[14:27] <+Risk> Covered all TF Short @ 684.3 --> + 0.1 «« simulator »»
[14:28] <+Risk> entry was not by the rules
[14:28] <+codehead> quick oil dump into floor close
[14:29] <+codehead> i suppose it's a scalp long
[14:30] <+codehead> that would be 70.05 CL
[14:30] * +Time4now long yen 27
[14:34] <+Risk> the rules say long the gut tells me short.......
[14:35] <+Risk> Dr.Jekill & Mr. Hide
[14:35] <+rickf> yeah i think short too
[14:36] <+rickf> but ya never know when the big bad algos will wake up
[14:36] <+Risk> no good think. me wait
[14:40] * +Time4now out 26
[14:58] <@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
[15:17] <@wrbtrader> Shorts TF @ 688.30 -> small size
[15:17] <@wrbtrader> 3 only
[15:18] <@wrbtrader> intuition
[15:18] <@wrbtrader> position size error
[15:20] <@wrbtrader> Covered all TF Short @ 688.80 --> - 0.5
[15:22] <@wrbtrader> Shorts TF @ 687.80 -> small size
[15:22] <@wrbtrader> 1 only
[15:28] <@wrbtrader> Covered TF Short @ 688.20 --> - 0.4
[15:32] <@wrbtrader> Long TF @ 689.20 -> medium size
[15:32] <@wrbtrader> 4 only
[15:36] <@wrbtrader> Exited 1/2 TF Long @ 691.30 --> + 2.1
[15:37] <@wrbtrader> Exited TF Long @ 692.50 --> + 3.3
[15:37] <@wrbtrader> Holding 1 contract remainder
[15:41] <@wrbtrader> Exited Remainder TF Long @ 693.40 --> + 4.2
[15:41] <+Time4now> where's my intuition?
[15:42] <@wrbtrader> I'm bullish with this going into the 4pm est rush hour traffic
[15:44] <@wrbtrader> Long TF @ 693.10 -> small size
[15:44] <@wrbtrader> 2 only
[15:44] <@wrbtrader> intuition
[15:45] <@wrbtrader> several key markets fought hard to get over a key retracement area
[15:45] <@wrbtrader> geeesh
[15:45] <@wrbtrader> too quick to put my trail in :(
[15:47] <@wrbtrader> Exited all TF Long @ 693.30 --> + 0.2
[15:47] <@wrbtrader> choppy
[15:48] <@wrbtrader> still bullish
[15:49] <@wrbtrader> Long TF @ 693.80 -> small size
[15:49] <@wrbtrader> 2 only
[15:50] <@wrbtrader> Long TF @ 694.30 -> Add
[15:51] <@wrbtrader> 3 added
[15:54] <@wrbtrader> Exited TF Long @ 695.60 --> + 3.1
[15:54] <@wrbtrader> Holding 2 contract remainders
[15:54] <+rickf> vn
[15:54] <@wrbtrader> +1.8 on those 3 contracts...not +3.1
[15:55] <@wrbtrader> trailing @ profit
[16:00] <@wrbtrader> Exited TF Long @ 696.00 --> + 2.2
[16:02] <@wrbtrader> The profit goal for the day before the close was 1k but when I saw the VXX spike up (gap up) at the open...
[16:02] <@wrbtrader> That told me to be more aggressive and increase my profit goal.
[16:02] <@wrbtrader> Thus, I adjusted the goal to 2.5k or 25 points
[16:03] <@wrbtrader> Got +61 points by end of day :)
[16:03] <+Time4now> well It was nice to watch
[16:04] <@wrbtrader> Would of had more had I literally had not fallen asleep on a trade with a poor trail stop.
[16:04] <+Time4now> I never know when to play more aggressive, thus I missed many trades today
[16:04] <+Time4now> waithing for retracements
[16:04] <+Time4now> -h
[16:05] <@wrbtrader> I usually watch the VXX (instead of the VIX) to tell me when to be aggressive (more trades, more size and let runners go longer) or be conservative.
[16:05] <+Time4now> I don't think gstrader has a vix or vxx
[16:06] <@wrbtrader> Does gstrader have SPY or QQQQ ?
[16:06] <@wrbtrader> If it does...it should have VXX
[16:06] <@wrbtrader> VXX is an exchange traded fund of the VIX (volatility index)
[16:07] <+rickf> i have not looked at the VXX much - maybe should start doing so
[16:07] <+rickf> at least tactically for intraday purposes
[16:09] <+rickf> ok guys see you tomorrow
[16:10] <+Time4now> negative on the vix/vxx
[16:10] <+Time4now> gstrader just has futures contracts to watch
[16:11] <@wrbtrader> ok
[16:12] <@wrbtrader> Take care all and see all tomorrow...the room will slowly grow back to normal via the old members that prefer it when it's private (password protected).
[16:14] * wrbtrader is now known as wrbtrader_away

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

#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 VXX, DIA, IWM, QQQQ, SPY, BGU, FAS, FAZ, TNA, OIH, XLE and GLD

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


Top 
 Profile E-mail  
 
Display posts from previous:  Sort by  
 
Post new topic Reply to topic Bookmark and Share  [ 1 post ] 


Who is online

Users browsing this forum: No registered users and 1 guest

 
 

 
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
cron
Translated by Xaphos © 2007, 2008, 2009 phpBB.fr