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 Post subject: May 18th Tuesday - Futures, ETFs and Forex Currencies
 Post Posted: Fri May 21, 2010 5:57 am 
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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: Tue May 18 09:18:38 2010
Session Ident: #FuturesTrades
[09:18] * Now talking in #FuturesTrades
[09:18] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:27] <rickf> fm
[09:27] <+rickf> gm
[09:29] <drt> gm
[09:30] <Sidhartha> gm all
[09:37] <@wrbtrader> Shorts TF @ 702.50 -> small size
[09:37] <@wrbtrader> 2 only
[09:37] <@wrbtrader> Shorts TF @ 701.90 -> medium size
[09:37] <@wrbtrader> 4 only
[09:37] <@wrbtrader> that's an add
[09:40] <pat255> gm all
[09:40] <+pat255> running a bit late
[09:41] <@wrbtrader> resistance area being tested
[09:44] <@wrbtrader> Covered all TF Short @ 703.40 --> - 1.5
[09:45] <@wrbtrader> Also, -0.9 on the other 2 contracts
[09:45] <@wrbtrader> I still have a bearish bias
[09:46] <@wrbtrader> a breakout above the resistance area will change that to bullish
[09:46] <+rickf> wrbtrader thx for the posting last night -- always good to remember the basics :)
[09:47] <@wrbtrader> :)
[09:47] <@wrbtrader> resistance failure
[09:47] <+pat255> oh my bulls are in full force
[09:47] <+rickf> the algos are up early this morning
[09:48] <+rickf> volume on yesterday's move up wasn't that great, iirc
[09:48] <@wrbtrader> Long TF @ 704.80 -> medium size
[09:48] <@wrbtrader> 4 only
[09:48] <@wrbtrader> intuition
[09:49] <@wrbtrader> volatility just died after my entry :(
[09:50] <@wrbtrader> Exited all TF Long @ 703.80 --> - 1
[09:50] <@wrbtrader> not a fair fight when volatility dies
[09:51] <@wrbtrader> Shorts TF @ 703.60 -> medium size
[09:51] <@wrbtrader> 4 only
[09:52] <@wrbtrader> Shorts TF @ 702.80 -> Add
[09:52] <@wrbtrader> 3 only
[09:54] * Time4now long aud 54
[09:57] <@wrbtrader> range getting tighter and tighter
[09:59] <+pat255> S 703.6
[09:59] <+pat255> against my best judgment
[10:00] <+pat255> out +.6 stop hit
[10:00] <+pat255> ggez something wrong with my DOM...:(
[10:00] <+rickf> long es 1143
[10:02] <@wrbtrader> Covered TF Short @ 701.90 --> + 2.6
[10:02] <+pat255> vn ....
[10:02] <+pat255> gez N good patience .
[10:02] <+pat255> need to work on it
[10:02] <+rickf> exit es 1143.50 +.50
[10:03] <@wrbtrader> Shorts TF @ 701.40 -> small size
[10:03] <@wrbtrader> 3 only
[10:03] <+rickf> long TF 700.3 paper
[10:04] * +Time4now out aud 45
[10:04] <@wrbtrader> intuition trade in reaction to the early exit of the prior Short position
[10:05] <+rickf> out 700 .0 paper - .3
[10:05] <@wrbtrader> will try to get a few extra ticks to compensate
[10:05] <+rickf> nope, still don't like the TF's jumpyness. :(
[10:06] <+pat255> me too trade was just iffy this AM .but back to Es NQ
[10:06] <+rickf> heh
[10:07] <@wrbtrader> oh oh :(
[10:07] <@wrbtrader> support developing
[10:09] <@wrbtrader> If this support is going to fail...it would be nice if it does it right now
[10:10] <+rickf> yes - i would be short below 1140 ES
[10:11] <+rickf> thereabouts
[10:12] <@wrbtrader> low of the support
[10:13] <@wrbtrader> Covered all TF Short @ 700.40 --> + 1
[10:13] <+pat255> u need quick thinking & fast finfers to trade TF
[10:13] <@wrbtrader> 4 trades so far...just churning :(
[10:15] <@wrbtrader> Yeah...TF requires a lot of "reaction" trades because if you do too much overanalysis...it'll kill you.
[10:16] <+pat255> absolutely ...need to be very aggressive & agile to exit if goes against u
[10:16] <@wrbtrader> Long TF @ 702.00 -> small size
[10:16] <@wrbtrader> 2 only
[10:16] <+rickf> i just get unnerved with the price jitteryness -- you blink it goes from 700.1 to 700.9
[10:17] <+rickf> the pa doesnt seem as smooth compared to the ES
[10:17] <+pat255> y rick
[10:17] <+pat255> that is the big problem
[10:17] <+rickf> i can't scalp that :)
[10:17] <@wrbtrader> TF not smooth today so far in my opinion...price action is very "pin ball machine" like.
[10:18] <+pat255> hmmm Tf smooth ..never lol
[10:18] <@wrbtrader> Exited all TF Long @ 703.00 --> + 1
[10:18] <+pat255> vn N
[10:19] <@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
[10:19] <@wrbtrader> Yeah and I needed that one too because it gets me profitable for the day and allows me to earn a quick break from trading.
[10:19] <@wrbtrader> Be back around 1030am est
[10:20] <+pat255> k
[10:30] <+rickf> short es 1141
[10:34] <+rickf> exit es 1139 +2
[10:34] <+pat255> vn
[10:35] <+rickf> ty
[10:35] <+rickf> ohone rang as i was trying to enter the exit llol
[10:36] <+rickf> was a call i was waiting on, else i'd have ignored it
[10:38] <+rickf> hrmm my gut says we may chop around here for a while
[10:40] <Risk> Shorts TF @ 699.5 «« simulator »»
[10:41] <+Risk> Covered 1/2 TF Short @ 698.7 --> + 0.8 «« simulator »»
[10:41] <+Risk> Covered Remainder TF Short @ 698.2 --> + 1.3 «« simulator »»
[10:42] <+Risk> vn Risk
[10:42] <+Risk> :)))
[10:42] <+rickf> ok maybe not chop around
[10:43] <@wrbtrader> ok...I'm back
[10:44] <+Risk> ES still did not close the opening gap
[10:46] <+rickf> my turn ... back later
[10:49] <@wrbtrader> Shorts TF @ 695.20 -> small size
[10:49] <@wrbtrader> 3 only
[10:49] <@wrbtrader> support failure
[10:50] <@wrbtrader> tight trail @ profit
[10:51] <@wrbtrader> VXX trying to close it's own GAP
[10:51] <@wrbtrader> When it does...I'm out of TF
[10:52] <@wrbtrader> It just did
[10:52] <@wrbtrader> Covered all TF Short @ 691.30 --> + 3.9
[10:53] <@wrbtrader> TF was moving fast...I think it was at 692.00 when VXX closed its GAP
[10:53] <@wrbtrader> Thus, I got an extra 7 ticks
[11:00] <werner> gm all
[11:19] <+werner> Shorts NQ @ 1907.
[11:19] <+werner> Shorts NQ @ 1907.25
[11:19] <+werner> sorry
[11:22] <+werner> Covered all NQ Short @ 1905.75 --> + 1.5
[11:33] <+werner> Shorts NQ @ 1908.25
[11:36] <+werner> stops are in ... brb
[11:40] <+werner> Covered all NQ Short @ 1905.25 --> + 3
[11:44] <+Time4now> I typically wait for triggers to make a trade, but lately it's just left me on the sidelines
[11:49] <@X> #FuturesTrades Purpose -> Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended. More info about the chat room @ http://www.thestrategylab.com/ftchat/forum
[12:00] <+werner> Shorts NQ @ 1998.25
[12:02] <+werner> Covered all NQ Short @ 1896.25 --> + 102
[12:02] <+werner> opps
[12:03] <+werner> Covered all NQ Short @ 1996.25 --> + 2
[12:07] <+Risk> werner, leave some $$ 4 other people
[12:07] <+Risk> :))
[12:07] <+werner> :))
[12:07] <+Risk> nicely done
[12:07] <+werner> thnx
[12:11] <+werner> i tinks its long but the stop is too big for me :(
[12:12] <+werner> think
[12:25] <+werner> Shorts NQ @ 1897.50
[12:26] <+werner> Covered NQ Short @ 1900.00 --> - 2.5
[12:26] <+werner> Reverse and Enter Long NQ @ 1900.00
[12:28] <+werner> Long NQ @ 1901.25 -> Add
[12:29] <+werner> Exited 1/2 NQ Long @ 1903.00 --> + 1.75
[12:35] <+werner> Exited Remainder NQ Long @ 1904.25 --> + 4.25
[12:36] <+werner> take a break ...bbl
[12:59] <+rickf> back
[13:10] <+pat255> S Tf 692.6
[13:14] <+pat255> geez left a lot on the table
[13:16] <@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] * +Time4now short tf 1.4
[13:43] <codehead> long YM 10541 <paper>
[13:44] <+codehead> exit +10 half <paper>
[13:44] * +Time4now out tf 8.8
[13:46] <+codehead> exit Ym -5 <paper> remainder
[13:46] <+rickf> srly tempted to enter short, but not in my plan so sitting on hands ... instinct still suggests lower
[13:51] * +Time4now long tf 9.3
[13:52] * +Time4now out 8.7
[13:54] <+codehead> long Ym 10540 <paper>
[13:54] <+codehead> iffy
[13:55] <+codehead> oil real bad here
[13:58] <+codehead> exit YM +8 <paper> half
[13:58] <+codehead> stop b/e remainder <paper>
[13:59] <+codehead> stopped remainder flat <paper>
[14:03] <+codehead> dollar hit 87
[14:12] <+rickf> short es 1127
[14:13] <+rickf> out 1126.75 +.25
[14:13] <+rickf> chart lag :(
[14:16] * +Time4now long yen 33
[14:20] <+codehead> oil rollover tomorrow
[14:22] <@wrbtrader> Long TF @ 687.90 -> small size
[14:22] <@wrbtrader> 2 only
[14:22] <@wrbtrader> intuition
[14:22] <@wrbtrader> Exited TF Long @ 686.90 --> - 1
[14:24] <@wrbtrader> Shorts TF @ 686.60 -> small size
[14:24] <@wrbtrader> support failure
[14:25] <@wrbtrader> if volatility shows up...will ADD
[14:27] <+codehead> long YM 10515 <paper>
[14:28] <+codehead> exit half Ym +10 <paper>
[14:28] <@wrbtrader> Covered all TF Short @ 686.00 --> + 0.6
[14:28] * +Time4now out yen be
[14:32] <@wrbtrader> :(
[14:32] <+Time4now> I was expecting support on tf here
[14:32] <@wrbtrader> they ran my trail stop and then let it drift back down :(
[14:33] <+codehead> exit remainder Ym -4 <paper>
[14:33] <+codehead> too many tick extremes
[14:33] <@wrbtrader> just watching until it reaches another key price area
[14:34] <@wrbtrader> key area reached
[14:37] <@wrbtrader> support failure
[14:37] <@wrbtrader> Shorts TF @ 681.90 -> small size
[14:37] <@wrbtrader> 3 only
[14:39] <@wrbtrader> Covered all TF Short @ 681.50 --> + 0.4
[14:41] <@wrbtrader> it's searching alot now for a new support
[14:41] <@wrbtrader> if it doesn't find it...it'll drop a few more points easily
[14:44] <@wrbtrader> new support developed
[14:46] <@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
[14:56] <@wrbtrader> Long TF @ 682.90 -> small size
[14:56] <@wrbtrader> 1 only
[14:57] <@wrbtrader> Exited TF Long @ 682.00 --> - 0.9
[14:57] <@wrbtrader> Reverse and Enter Short TF @ 682.00
[14:57] <@wrbtrader> Shorts TF @ 681.70 -> Add
[14:57] <@wrbtrader> 2 added
[14:58] <@wrbtrader> support failure
[14:58] <@wrbtrader> :(
[14:59] <@wrbtrader> this key price area is tricky...very tricky
[15:02] <@wrbtrader> Covered 2/3 TF Short @ 679.90 --> + 1.8
[15:08] <@wrbtrader> Covered Remainder TF Short @ 681.80 --> + 0.2
[15:08] <@wrbtrader> It's a trend day (down) but the counter-thrusts upwards have been strong enough to shake out most shorts
[15:09] <Tigerman> hi all
[15:10] <+Tigerman> Hi wrb how to set chat to beep anytime new message is on screen ?
[15:10] <+Tigerman> test
[15:11] <+Tigerman> because sometime it does and sometimes not
[15:13] <+codehead> my first two trades were short YM at the dbl top, didn't stick with it :-/
[15:13] <+codehead> lol
[15:13] <+codehead> 10688 and 10686
[15:14] <@wrbtrader> Long TF @ 684.30 -> medium size
[15:14] <@wrbtrader> 4 only
[15:16] <@wrbtrader> Exited 1/2 TF Long @ 686.40 --> + 2.1
[15:16] <+werner> vn
[15:16] <@wrbtrader> Exited Remainder TF Long @ 684.80 --> + 0.5
[15:17] <@wrbtrader> trail stop just got "picked pocketed" :(
[15:19] <@wrbtrader> no biggie because I was trying to "let it ride" on those remainders after the prior exit gave me my profit goal for the day.
[15:21] <+werner> nice
[15:22] <@wrbtrader> So far this month is my best month in about 16 months I think
[15:23] <+Tigerman> good wrb
[15:23] <+Tigerman> now please how to set a beeb when a new message appear? :)
[15:23] <@wrbtrader> beeb = beep ?
[15:24] <+Tigerman> yep your last message works
[15:24] <@wrbtrader> You may have turned off your audio for IRC accidentally
[15:24] <+Tigerman> but not the others before why?
[15:25] <+Tigerman> you set it with that command line ?
[15:25] <@wrbtrader> not a command line...it's something in the tools --> options menu
[15:26] <@wrbtrader> also...it behaves differently depending upon the IRC version
[15:26] <+Tigerman> for example NOW your last message have no sound :(
[15:26] <+Tigerman> so this is starnge
[15:26] <+Tigerman> strange I mean :)
[15:26] <@wrbtrader> You may have set it up to beep via certain words.
[15:27] * +Time4now long tf 2.1
[15:27] <@wrbtrader> I have mine setup like that
[15:27] <+Time4now> tight stop
[15:27] <+Tigerman> umh...
[15:27] <+rickf> yes me too
[15:28] * +Time4now out 1.6
[15:28] <+Tigerman> now last message have sound..
[15:28] <@wrbtrader> Shorts TF @ 681.90 -> small size
[15:28] <@wrbtrader> 3 only
[15:30] <@wrbtrader> I shorted this support failure before 0f the low of the zone @ 682.00 and only got +0.4
[15:31] <@wrbtrader> It too was a very tough trade
[15:31] <+Tigerman> better then nothing
[15:32] <+Time4now> This day has been a mess for me
[15:32] <+Tigerman> about the BEEP what make me crazy is that some message have beep and some not
[15:32] <+Tigerman> and on mirc sound menu I checked all, mybe there is the mistake..
[15:33] <@wrbtrader> If you don't want it to beep...disable the IRC sound
[15:34] <+Tigerman> but I want the beeb on every message ..
[15:34] <+Tigerman> oops mean beep
[15:35] <+Tigerman> but on some message I have sound and others no ..
[15:36] <@wrbtrader> Covered all TF Short @ 681.80 --> + 0.1
[15:36] <@wrbtrader> If this thing drops big time after running my trail stop like that...I'll break the key board :)
[15:37] <+Time4now> maybe it'll put in a good trade for you
[15:38] <@wrbtrader> at learst it's moving into a bullish price action
[15:38] <+Time4now> I'm done, took a loss today
[15:38] <@wrbtrader> could setup something here soon
[15:38] <+Time4now> should i wait?
[15:39] <@wrbtrader> Long TF @ 682.30 -> small size
[15:39] <@wrbtrader> 2 only
[15:39] <@wrbtrader> last trade of the day
[15:41] <@wrbtrader> stop tighten due to were getting closer and closer to the 4pm est rush hour traffic
[15:42] <@wrbtrader> trailing @ profit
[15:43] <@wrbtrader> exit stop set TF @ 682.50
[15:43] <@wrbtrader> "letting it ride"
[15:43] <@wrbtrader> be back later...will post a late trade result if trail stop is hit.
[15:44] * wrbtrader is now known as wrbtrader_away
[15:57] * wrbtrader_away is now known as wrbtrader
[15:58] <@wrbtrader> late trade result
[15:58] <@wrbtrader> Exited all TF Long @ 682.50 --> + 0.2
[16:01] <@wrbtrader> Take care all and see all tomorrow
[16:01] * wrbtrader is now known as wrbtrader_away
[16:04] <+Tigerman> I go see ya next time
[16:04] <+werner> gn all
[16:16] <@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
Session Close: Tue May 18 16:38:02 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:

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)
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