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 Post subject: June 2nd Wednesday - Futures, ETFs and Forex Currencies
 Post Posted: Thu Jun 03, 2010 7:36 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: Wed Jun 02 09:24:17 2010
Session Ident: #FuturesTrades
[09:24] * Now talking in #FuturesTrades
[09:24] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:25] <rickf> gm all
[09:26] <pat255> gm all
[09:30] <drt> gm
[09:33] <Inertia> good morning, bonjour, goedemorgen, buongiorno, buenos dias
[09:33] <Time4now> market respected the pivot points
[09:34] <+Inertia> news in 25 min
[09:39] <+pat255> S es 75.5 papaer
[09:40] <+pat255> Overnight high tagged first and then some failure
[09:41] <+pat255> out 74 all
[09:47] <pdays> Shorts NQ @ 1842.0
[09:47] <+pdays> Covered 1/2 NQ Short @ 1839.5 --> + 2.5
[09:47] <+pdays> Covered Remainder NQ Short @ 1841.5 --> + 0.5
[09:49] <+rickf> long es 1073.50 paper
[09:49] <Nesi> hi all
[09:51] <+pat255> gm nesi How u been?
[09:52] <+Nesi> busy :)
[09:52] <+pat255> k
[09:57] <+rickf> exit es 1074 +.50 paper
[09:58] <+rickf> bad trade
[09:58] <+rickf> news in 2
[10:00] <+Inertia> news better than exp
[10:00] <+rickf> tax credits
[10:00] <+rickf> lessee what this month looks like
[10:01] <+rickf> w/the credits expired
[10:04] <+rickf> OT: The BP Fiasco, Worst Case (humor) http://xkcd.com/748/
[10:06] <+rickf> short es 1077 paper
[10:13] <+Inertia> why is it that a good setup does not look good only until after it is too late?
[10:14] <+pat255> so true
[10:14] <+rickf> exit 1075.25 +1.75 paper
[10:15] <+rickf> chop city :(
[10:17] <+pat255> hitting the 78 ES too many times
[10:18] <+rickf> yes
[10:19] <+Inertia> so is that was is called abuse?
[10:19] <+rickf> looks like strong resistance all morning
[10:19] <+rickf> since 0320 ET :)
[10:20] <+rickf> until 1020 ET that is?
[10:20] <+rickf> lol
[10:20] <@wrbtrader> Long TF @ 646.40 -> medium size
[10:20] <@wrbtrader> 4 only
[10:20] <@wrbtrader> Long TF @ 647.10 -> Add
[10:21] <@wrbtrader> 2 add
[10:21] <@wrbtrader> Exited 1/3 TF Long @ 647.30 --> + 0.2
[10:25] <@wrbtrader> Long TF @ 647.10 -> small size
[10:25] <@wrbtrader> 2 only
[10:25] <@wrbtrader> that's 2 added
[10:25] <+pat255> vn adds
[10:26] <@wrbtrader> tough adds because my entries are late :(
[10:26] <+pat255> looks a bit extended but
[10:28] <+Inertia> did any 1 notice that the real time executions of trades in IWM (the ETF of TF) happen slower than the execution in TF itself?
[10:28] <@wrbtrader> Long TF @ 646.90 -> Add
[10:28] <@wrbtrader> 3 added
[10:28] <@wrbtrader> total 9 contract position
[10:28] <+pat255> wow
[10:29] <@wrbtrader> ?
[10:29] <+pat255> big posiiton
[10:29] <@wrbtrader> 50 contracts is big
[10:29] <@wrbtrader> That's my limit and I never use it.
[10:29] <+pat255> lol hmm for me 2-3 is big
[10:29] <+Time4now> wowzer
[10:30] <+Inertia> while IWM trades 400 times more shares than TF trades contracts.......
[10:30] <+rickf> short es 1077.25 paper
[10:32] <@wrbtrader> the math on my exit aren't going to be correct because the script isn't designed to keep track of different contract add size.
[10:37] <@wrbtrader> Exited TF Long @ 648.00 --> + 2
[10:37] <+pat255> vn
[10:37] <@wrbtrader> 3 @ +1.1 but still holding 6 contracts
[10:38] <@wrbtrader> My new fear now is that a "range" will develop between 648 - 646
[10:38] <@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] <@wrbtrader> I need to monitor the 647 level to see if it gets tested too much...the chances start to increase a range will develop
[10:39] <@wrbtrader> That's when i'll dump my entire position
[10:40] <+pat255> wants to rol over
[10:40] <@wrbtrader> Exited Remainder TF Long @ 646.60 --> - 0.5
[10:41] <@wrbtrader> -0.5 on 2 contracts and +0.2 on 4 contracts
[10:41] <+rickf> out at 1078.50 +.50 paper (doubled down at a higher price)
[10:43] <+pat255> L 78.5 ES paper
[10:44] <+pat255> out b/e
[10:44] <+pat255> looks roll over time
[10:46] <@wrbtrader> Key price area 645 - 643.90
[10:47] <@wrbtrader> Other key markets are near their own key price area
[10:48] <+rickf> bbl
[10:53] <@wrbtrader> Long TF @ 645.00 -> small size
[10:53] <@wrbtrader> 2 only
[10:54] <@wrbtrader> Obvious target is the 647 area
[10:54] <@wrbtrader> the price area involved in my "fear factor" of the prior trade
[10:55] <+pat255> S 77.5 ES
[10:56] <@wrbtrader> Exited all TF Long @ 645.10 --> + 0.1
[10:56] <+pat255> out +1.25
[11:04] <@wrbtrader> be back later...going to take a chance that nothing is going to spike here.
[11:04] <@wrbtrader> If so...I'm going to miss a good volatility price action
[11:04] * wrbtrader is now known as wrbtrader_away
[12:08] <@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
[12:24] <MrYinYangTrader> Long TF @ 651.30
[12:26] <+MrYinYangTrader> Exited all TF Long @ 651.4 --> + 0.1
[12:51] <+rickf> back
[13:06] <codehead> short ES 1086.75 <paper>
[13:07] <+codehead> 3 pt stop, 2 pt target
[13:09] <+codehead> exit ES +1.25 <paper>
[13:09] <+codehead> cuz it was quick
[13:16] <+codehead> 1087.00 is .500 (1106.75 high to low)
[13:17] <+rickf> long es 1084.75 paper
[13:38] <@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
[13:39] <+Inertia> I saw the enemy and the enemy is me
[13:40] <+rickf> exit 1085 +.25 paper
[13:40] <+rickf> not sure if that's a h&s developing on the 5m ES
[13:40] <+rickf> plus chop is nauseating
[13:45] <+codehead> my medium frame signal is rolling over
[13:46] <+rickf> same here ... well my timeframe is looking weak
[13:46] <+codehead> meaning it might be safer to short the pop than buy the dip
[13:47] <+codehead> NQ will not look so good if it doesn't firm up soon
[13:48] <+codehead> but yeah, still no lower lows, but weakening
[13:49] <+codehead> and yeah, 5 min NQ could brak the shoulder
[13:59] <+codehead> NQ flat bottom
[14:02] <+rickf> long es 1092.25 paper
[14:02] <+rickf> 1082.25 paper
[14:20] * wrbtrader_away is now known as wrbtrader
[14:25] <+codehead> oil is getting used to spending the first part of the day going up, then dumping it late
[14:27] <+codehead> NQ has support 1849-1850
[14:28] <+codehead> then 1845
[14:29] <+rickf> exit 1092.50 +.25 paper
[14:29] <+rickf> bleh
[14:33] <@wrbtrader> Long TF @ 648.60 -> small size
[14:33] <@wrbtrader> 3 only
[14:40] <@wrbtrader> Exited 1/3 TF Long @ 650.10 --> + 1.5
[14:40] <@wrbtrader> Exited 1/3 TF Long @ 650.70 --> + 2.1
[14:42] <+rickf> figures
[14:42] <+codehead> nice
[14:44] <@wrbtrader> Exited Remainder TF Long @ 652.00 --> + 3.4
[14:45] <+rickf> to quote wrbtrader -- punks. :9
[14:45] <+Inertia> the train is moving too fast and there is no way to climb aboard
[14:45] <+rickf> i knew 1082 was support but i didn't like the chop
[14:55] <@wrbtrader> I may get disconnected because it's a heavy thunderstorm here at the moment.
[14:55] <@wrbtrader> Lightning every where
[14:56] <@wrbtrader> Got a UPC but the juice is only good right now for 30mins if the electricty goes out.
[14:56] <@wrbtrader> Be back later...gotta go outside and put away stuff the kids left outside
[14:56] <+rickf> we had them yesterday ... scared the hell out of me, they came out of nowhere
[14:56] * wrbtrader is now known as wrbtrader_away
[14:58] <+rickf> short es 1089.75 paper
[15:00] <+MrYinYangTrader> Shorts TF @ 654.2
[15:01] <+MrYinYangTrader> Covered TF Short @ 654.4 --> - 0.2
[15:01] <+MrYinYangTrader> Reverse and Enter Long TF @ 654.4
[15:04] <+MrYinYangTrader> Exited all TF Long @ 654 --> - 0.4
[15:04] <+MrYinYangTrader> geez
[15:05] <+MrYinYangTrader> Shorts TF @ 653.90
[15:06] <+MrYinYangTrader> Covered all TF Short @ 654.7 --> - 0.8
[15:08] <@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
[15:23] <+MrYinYangTrader> Long TF @ 656.10
[15:25] <+MrYinYangTrader> im sleepy :(
[15:32] <+MrYinYangTrader> Exited all TF Long @ 657 --> + 0.9
[15:34] <+MrYinYangTrader> Shorts TF @ 656.3
[15:42] <+MrYinYangTrader> Covered all TF Short @ 656 --> + 0.3
[16:38] <@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 02 18:41:38 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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