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 Post subject: June 30th Wednesday - Futures, ETFs and Forex Currencies
 Post Posted: Thu Jul 01, 2010 5:40 am 
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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: Wed Jun 30 09:25:07 2010
Session Ident: #FuturesTrades
[09:25:07] * Now talking in #FuturesTrades
[09:25:08] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:26:02] <drt> gm
[09:26:43] <Tigerman> gm all
[09:28:35] <pat255> gm all
[09:28:45] <+pat255> still stuck at office these days
[09:32:25] <Inertia> quit
[09:32:39] <+Inertia> gm :)
[09:36:42] <+Inertia> news in 7 min
[09:38:35] <+Inertia> I believe that we will get to 1000 ES and 600 TF within 3 days
[09:38:38] <+Inertia> intuition
[09:38:46] <+pat255> L es 36.5 paper
[09:40:35] <+pat255> out 1/2
[09:40:52] <+Inertia> leak?
[09:40:54] <@wrbtrader> still going up
[09:41:07] <+pat255> out the rest
[09:41:12] <@wrbtrader> Looks like a leak of the 0945am est report to me :)
[09:41:22] <@wrbtrader> Wish they would have leaked it to me too
[09:42:02] <+pat255> should have waited
[09:42:12] <+Inertia> for the right sum of $$ that can b arranged
[09:43:21] <@wrbtrader> :)
[09:43:37] <+Inertia> PMI in line with exp
[09:44:06] <+Inertia> Oil in 45 min
[09:49:35] <@wrbtrader> Mean reversion strategies must be kicking in now for folks using such.
[09:51:06] <@wrbtrader> Long TF @ 621.70 -> small size
[09:51:09] <@wrbtrader> 3 only
[09:51:27] <@wrbtrader> intuition after a failed prior signal
[09:52:08] <+Tigerman> anyone here have problem with IB TWS via proxy ?
[09:53:17] <@wrbtrader> Exited all TF Long @ 621.30 --> - 0.4
[09:53:42] <@wrbtrader> Shorts TF @ 620.80 -> medium size
[09:53:48] <@wrbtrader> 4 only
[09:54:00] <+Inertia> proxy - what is that? I am using IB through the API. no probs here
[09:55:12] <+Inertia> ES reached the premarket extremes (upper and lower)
[09:55:15] <+Tigerman> I mean when you go in internet no directly
[09:55:33] <+Tigerman> so using a proxy server
[09:55:55] <+Inertia> my TWS looks ok and Ninja is ok as well
[09:56:14] <+Inertia> r u using the web based or the stand alone version?
[09:56:16] <+Tigerman> btw IB when go direcly with another ISP is OK
[09:56:39] <+Tigerman> normaly I use stand alone
[09:56:45] <+Inertia> me 2
[09:57:07] <+Tigerman> But I repeat IB is working when I go directly
[09:57:26] <+drt> are you using ib swiss server tiger?
[09:57:52] <@wrbtrader> Covered 3/4 TF Short @ 618.00 --> + 2.8
[09:58:42] <+Tigerman> NO, drt I set proxy data on login mask
[09:59:10] <@wrbtrader> Covered Remainder TF Short @ 617.30 --> + 3.5
[09:59:45] <+Tigerman> Curiously if I use webtrader (by Firefox) and set the proxy there I can connect and log in
[10:00:31] <+Tigerman> but when I use the same setting on TWS alone not connecting on web
[10:01:06] <@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
[10:21:53] <+Tigerman> I have to go see all next time
[10:23:11] <+Inertia> we r still stuck in the pre-market range. no trades 4 me unless we get out of that range
[10:24:01] <+Inertia> forgot the oil news in 5 min
[10:24:12] <+Inertia> maybe that's why it is so quiet
[10:26:42] <@wrbtrader> Long TF @ 617.60 -> small size
[10:26:48] <@wrbtrader> 2 only
[10:27:39] <@wrbtrader> Exited all TF Long @ 616.80 --> - 0.8
[10:27:44] <@wrbtrader> trade error
[10:27:56] <MrYinYangTrader> Long TF @ 616.7
[10:28:01] <@wrbtrader> saw something that really wasn't there
[10:29:37] <+Inertia> oil inv less than exp
[10:31:53] <@wrbtrader> Shorts TF @ 617.50 -> small size
[10:31:58] <@wrbtrader> 3 only
[10:32:33] <+Inertia> saw something that really wasn't there >> I often wonder how does this happen? why do I c stuff when it is not there (in hind sight)
[10:32:44] <Sidhartha> bias...
[10:33:06] <+Sidhartha> subconcious I guess
[10:33:35] <+Inertia> since I had my self public bashin 3 days ago I am doing much better. I don't SEE things
[10:34:08] <+Inertia> but I still catch myself thinking with a bias
[10:34:54] <+MrYinYangTrader> Exited 1/2 TF Long @ 618.8 --> + 2.1
[10:34:55] <+Sidhartha> the main bias I have is the desire to buy lows and sell highs...
[10:35:02] <@wrbtrader> Covered all TF Short @ 618.90 --> - 1.4
[10:35:05] <+Sidhartha> which is anti-trend basically...
[10:35:23] <+Sidhartha> i keep fighting that one... obviously manifests itself mainly on trend days
[10:35:25] <@wrbtrader> same result as yesterday
[10:35:40] <+pat255> biab
[10:35:48] <+pat255> office calls
[10:35:54] <@wrbtrader> However, mistake I made yesterday was to take a break and go watch the world cup...resulting in missing a big trade
[10:37:02] <+Inertia> since statistically I verified that the moves r random - only the extent of the move differs - I don't think in those terms. I just want to sell higher than I bought and buy back lower than I sold. This way I am at peace
[10:38:21] <@wrbtrader> Long TF @ 619.50 -> medium size
[10:38:26] <@wrbtrader> 4 only
[10:39:22] <@wrbtrader> Hit a prior key volatility contraction area
[10:40:23] <@wrbtrader> Exited all TF Long @ 618.00 --> - 1.5
[10:40:34] <+MrYinYangTrader> Exited all TF Long @ 617.6 --> + 0.9
[10:40:49] <@wrbtrader> 617.00 is a key pivot area
[10:40:57] <+Inertia> currencies r dropping
[10:41:07] <+Inertia> EJ and GJ
[10:43:40] <@wrbtrader> Long TF @ 618.30 -> large size
[10:43:48] <@wrbtrader> 6 only (3 + 3)
[10:44:13] <+Inertia> what I meant by RANDOM earlier is that the # of bars up roughly equals the # of bars down
[10:44:30] <+Sidhartha> Federer loses to Berdych at Wimbledon
[10:45:13] <+MrYinYangTrader> what?? Federer lost????????
[10:45:16] <+Sidhartha> yup
[10:45:21] <+MrYinYangTrader> man that sucks
[10:45:22] <+Sidhartha> 4 sets
[10:47:14] <@wrbtrader> Exited 1/2 TF Long @ 619.70 --> + 1.4
[10:48:35] <@wrbtrader> Exited Remainder TF Long @ 618.50 --> + 0.2
[10:49:57] <@wrbtrader> Shorts TF @ 618.50 -> small size
[10:50:00] <@wrbtrader> 3 only
[10:50:10] <@wrbtrader> intuition
[10:51:05] <@wrbtrader> Range since 10am est is getting tighter and tighter
[10:55:35] <+Sidhartha> chop tastic
[10:56:06] <@wrbtrader> Covered all TF Short @ 618.20 --> + 0.3
[10:56:10] <@wrbtrader> punks
[10:56:21] <+MrYinYangTrader> Shorts TF @ 618.5
[10:56:26] <@wrbtrader> volatility just died
[10:56:44] <@wrbtrader> Now I'm going to be "chasing" a spike that's pending around the corner :(
[10:57:53] <@wrbtrader> too fast out of the contraction :(
[10:59:30] <@wrbtrader> Long TF @ 618.40 -> small size
[10:59:36] <@wrbtrader> 3 only
[11:00:21] <@wrbtrader> geeesh
[11:01:58] <+MrYinYangTrader> this is holiday movement
[11:04:34] <@wrbtrader> Exited all TF Long @ 617.50 --> - 0.9
[11:04:53] <@wrbtrader> going back to the pivot
[11:06:34] <+MrYinYangTrader> tf is now under vwap with the rest of the market
[11:06:35] <@wrbtrader> Long TF @ 616.70 -> medium size
[11:06:44] <@wrbtrader> 4 only
[11:11:23] <@wrbtrader> Exited 1/2 TF Long @ 618.20 --> + 1.5
[11:11:40] <@wrbtrader> killer tight range now
[11:14:03] <+MrYinYangTrader> Covered Remainder TF Short @ 618.2 --> + 0.3
[11:14:11] <+MrYinYangTrader> taking a break
[11:16:38] <@wrbtrader> Exited TF Long @ 619.10 --> + 2.4
[11:16:40] <@wrbtrader> Holding 1 contract remainder
[11:17:17] <+pat255> back ..
[11:17:23] <+pat255> vn M
[11:17:41] <@wrbtrader> fighting hard to get back above 1k in profits
[11:18:05] <@wrbtrader> actually...was never there...trying to get there for the first time today
[11:18:50] <@wrbtrader> geeesh...they yanked the rug out again :(
[11:19:16] <+Inertia> again we r @ the upper limit of the premarket range (ES and NQ only)
[11:19:30] <@wrbtrader> Canada's housing model now getting worldwide attention...
[11:19:57] <@wrbtrader> It actually grew in value during U.S. and other countries mortgage or credit problems
[11:20:34] <@wrbtrader> My house, duplex and condo each went up in value about 16% since 2008
[11:21:30] <+pat255> vn N
[11:23:19] <@wrbtrader> This tight trading range still wrecking havoc on stops
[11:28:07] <@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
[11:30:49] <@wrbtrader> Another big retracement back upwards off that 617 pivot line
[11:31:55] <@wrbtrader> exit stop raised TF @ 616.90
[11:38:51] <@wrbtrader> Exited Remainder TF Long @ 620.70 --> + 4
[11:44:06] <@wrbtrader> Most key markets were in sync on that price rise except for Gold...it stayed in it's own low volatility tight trading range
[11:50:40] <gabe> .
[12:01:02] <@wrbtrader> Looks like a quiet period in the price action...good time to get some lunch
[12:02:32] <+pat255> k N have a good one
[12:44:32] <codehead> oil quick dump
[12:44:41] <+Sidhartha> this fall due to lockhart speaking...?
[12:58:07] <@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
[13:02:37] <+codehead> i don't know why oil took such a hard high-volume spike down
[13:02:43] <+codehead> recovering slowly
[13:03:00] <+Sidhartha> unless lockhart said something that spooked the markets
[13:03:07] <+Sidhartha> that or a drunk trader...
[13:03:35] <+Sidhartha> don't know if you saw that story about a drunk oil trader taking a $500m long in oil a while back..
[13:03:59] <+Sidhartha> it was in the papers here yesterday... he was sacked, fined, struck off from trading professionally etc
[14:01:50] <+codehead> USO recovered completely, tapped green
[14:02:59] <+codehead> yesterday and today, tick extremes getting faded
[14:04:48] <+codehead> neg extreme already
[14:04:59] <+codehead> just a couple mins after plus extreme
[14:07:51] <+codehead> almost hit plus extreme again that fast
[14:12:19] <+codehead> lol, article in Guardian on that trader: There WIll Be Beer -- the drunk oil trader story
[14:25:08] <@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
[14:48:22] <+Inertia> my middle name shall be DISCIPLINE (at least for today) :)
[14:48:37] <+Inertia> me happy
[14:59:18] <@wrbtrader> Just got back
[14:59:48] <@wrbtrader> Long TF @ 614.40 -> small size
[14:59:55] <@wrbtrader> 2 only
[15:10:43] <@wrbtrader> Exited all TF Long @ 614.70 --> + 0.3
[15:14:55] <+Inertia> as we get closer to the end of the day i am afraid 2 take traeds b/c I don't want to ruin my day
[15:14:56] <@wrbtrader> weak support area for TF
[15:34:01] <+codehead> retest of yesty lows
[15:34:14] <+codehead> bounce off, got very close
[15:34:23] <+codehead> 2-3 ticks
[15:34:28] <@wrbtrader> yep
[15:36:07] <+Inertia> i had 2 sigs 2 go short but chickened out [15:16:50] <Inertia>
[15:38:22] <@wrbtrader> I got no short signals nor intuition on this big drop :(
[15:39:40] <+Inertia> strange
[15:41:57] <+codehead> pretty manipulated, i noted earlier to friend who was long ES...
[15:42:22] <+Inertia> 15:24 was the last sig
[15:42:26] <+codehead> was on the verge of having the bigger view turn to solid buy, but could see they were sitting on it
[15:42:34] <+codehead> till that possiblity wore off
[15:42:41] <+codehead> about 12 poitns ago
[15:43:08] <+codehead> i have 1018.00 supp on ES
[15:45:32] <+Inertia> [09:40:30] <Inertia> I believe that we will get to 1000 ES and 600 TF within 3 days
[15:45:36] <+Inertia> so far so good
[15:46:07] <+Inertia> if only i had the balls to hold on longer on my trades ..... :(
[15:46:15] <+Inertia> and taken more of them
[15:51:14] <@wrbtrader> Shorts TF @ 608.10 -> small size
[15:51:21] <@wrbtrader> 3 only
[15:52:41] <@wrbtrader> Covered 2/3 TF Short @ 607.00 --> + 1.1
[15:52:50] <@wrbtrader> :(
[15:53:06] <@wrbtrader> got a crazy rain/wind storm here

Session Start: Wed Jun 30 16:00:16 2010
Session Ident: #FuturesTrades
[16:00:16] * Now talking in #FuturesTrades
[16:00:16] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[16:01:16] <@wrbtrader_away> sorry about that...got disconnected
[16:03:16] <@wrbtrader_away> late trade post
[16:03:30] <@wrbtrader_away> Exited Remainder TF Long @ 607.30 --> - 6.9
[16:03:43] <@wrbtrader_away> ooops
[16:03:55] <@wrbtrader_away> +0.8
[16:04:04] * wrbtrader_away is now known as wrbtrader
[16:08:08] <@wrbtrader> Take care all and see all next month :)
[16:08:18] <+codehead> cya
[17:23:46] <@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
Session Close: Wed Jun 30 18:54:50 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)
Skype Messenger: kebec2002
questions@thestrategylab.com
Go Back To TheStrategyLab.com Homepage


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