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 Post subject: June 3rd Thursday - Futures, ETFs and Forex Currencies
 Post Posted: Thu Jun 03, 2010 8:58 pm 
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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: Thu Jun 03 09:26:52 2010
Session Ident: #FuturesTrades
[09:26] * Now talking in #FuturesTrades
[09:26] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:28] <pat255> gm all
[09:28] <+pat255> charts are finally working ...:)
[09:29] <drt> gm
[09:29] <Tigerman> hello gm all
[09:29] <rickf> gm all
[09:34] <Time4now> If I could capture the morning price moves, I would work 30 mins a day
[09:34] <+rickf> we all would :)
[09:35] <+Time4now> you can see how price found support, formed a hammer and took off
[09:35] <+rickf> meh .... the first 30 m are either really easy or really hard to trade
[09:36] <+Time4now> that sounds about right
[09:38] <@wrbtrader> Long TF @ 663.00 -> small size
[09:38] <@wrbtrader> 3 only
[09:38] <+Time4now> thunderstorms here, hope i dont lose power
[09:40] <@wrbtrader> Exited all TF Long @ 663.00 --> 0
[09:40] <@wrbtrader> was not expecting this type of price action
[09:41] <@wrbtrader> will try to buy near support and reverse into a short if wrong
[09:42] <+Tigerman> a lot of congestion
[09:42] <@wrbtrader> doesn't look like it's going to retest the 662.50 area
[09:42] <@wrbtrader> :(
[09:43] <@wrbtrader> Long TF @ 662.50 -> small size
[09:43] <@wrbtrader> 3 only
[09:45] <@wrbtrader> Exited 1/3 TF Long @ 664.60 --> + 2.1
[09:46] <@wrbtrader> trailing @ profit
[09:46] <+rickf> vn
[09:46] <+rickf> choppy open
[09:47] <@wrbtrader> Exited 1/3 TF Long @ 665.00 --> + 2.5
[09:47] <+Tigerman> nice wrb
[09:50] <+Tigerman> TF very strong vs others index
[09:51] <+Tigerman> I bought last spike ang grab some profit
[09:51] <+Tigerman> very fast action
[09:52] <+Tigerman> I recoup also previous loss
[09:52] <+Tigerman> I admire wrb for posting here
[09:52] <+Tigerman> it is very hard trade and post
[09:53] <@wrbtrader> agree...it aint easy...took me several years to get use to it
[09:53] <+Tigerman> yep
[09:54] <@wrbtrader> Exited Remainder TF Long @ 666.60 --> + 4.1
[09:54] <+pat255> man what a miss on the L side ...:9
[09:54] <+pat255> vvn N
[09:54] <@wrbtrader> thanks
[09:55] <+rickf> news in 5
[09:55] <+pat255> y
[09:56] <@wrbtrader> This thing could spike higher again because other key markets are at a key resistance area
[09:56] <@wrbtrader> If those other key markets push higher above their resistance area...TF will do a volatility spike higher.
[09:56] <+pat255> y looks that way S ging to be aqueezed
[10:07] <MrYinYangTrader> Shorts TF @ 665.6
[10:08] <+MrYinYangTrader> Covered Remainder TF Short @ 666.5 --> - 0.9
[10:09] <+pat255> TF as usual a beast
[10:15] <+rickf> short es 1102.50 paper
[10:20] <+rickf> exit es 1100.50 +2 paper
[10:20] <+pat255> vn
[10:20] <+rickf> ty -- was an 'intuition' trade
[10:21] <+rickf> fyi 6 months trading the 5m ES exclusively
[10:22] <+rickf> no chart-flipping like last year
[10:23] <@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
[10:25] <+Tigerman> hate pad
[10:25] <+Time4now> 10:16 bought be, real money. 10:18 reversed and shorted w/ paper
[10:25] <+Tigerman> on mobile pc
[10:25] <+Tigerman> i cant use right button
[10:28] <+Tigerman> oops forget to load the scrip :)
[10:33] <+Tigerman> long TF 660.8
[10:33] <+Tigerman> script next time :)
[10:33] <+Tigerman> 2 contract
[10:34] <+Tigerman> exit 1/2 @662
[10:34] <+Tigerman> keep trail
[10:36] <+Tigerman> will see if 663 tf is reached
[10:37] <Inertia> Shorts TF @ 661.6 «« simulator »»
[10:37] <@wrbtrader> Long TF @ 661.70 -> small size
[10:37] <@wrbtrader> 2 only
[10:37] <+Tigerman> exit remainer @661.8
[10:38] <+Inertia> Covered 1/2 TF Short @ 661 --> + 0.6 «« simulator »»
[10:38] <@wrbtrader> Exited all TF Long @ 660.80 --> - 0.9
[10:39] <+Tigerman> long tf 660.8
[10:39] <@wrbtrader> Long TF @ 660.80 -> small size
[10:40] <@wrbtrader> 3 only
[10:40] <+Inertia> Covered Remainder TF Short @ 661.3 --> + 0.3 «« simulator »»
[10:40] <@wrbtrader> intuition in reaction to prior trade
[10:40] <+Tigerman> exit 1/2 @661.8
[10:41] <+Tigerman> keep trail
[10:43] <+Tigerman> exit all @662.4
[10:44] <+pat255> later guys need to my cat for surgery ..
[10:44] <+pat255> ty all
[10:44] <@wrbtrader> Exited all TF Long @ 661.50 --> + 0.7
[10:45] <@wrbtrader> Long TF @ 662.40 -> medium size
[10:45] <@wrbtrader> 4 only
[10:46] <@wrbtrader> same intuition in reaction
[10:46] <+Tigerman> long 662.4
[10:46] <+Tigerman> tf 4 contract
[10:47] <+Tigerman> exit 1/2 663
[10:47] <@wrbtrader> This thing should have tested 664 by now :(
[10:47] <+Tigerman> we need an upper spike
[10:47] <+rickf> back later .... gym and errands
[10:48] * rickf is now known as rickf_away
[10:48] <+Tigerman> cya
[10:48] <+Tigerman> price near my trail
[10:50] <@wrbtrader> Exited 1/2 TF Long @ 664.00 --> + 1.6
[10:50] <+Tigerman> need patience wait for a decent spike and grab some larger profit
[10:50] <+Tigerman> nice wrb
[10:50] <+Tigerman> I was tempted to exit 663
[10:51] <+Tigerman> but I saw if exit to early the oveall profit is small
[10:51] <+Tigerman> so sometimes not sufficent to cover commisions and previous losses
[10:51] <+Tigerman> in this case wait pay :)
[10:52] <+Tigerman> es not helps
[10:54] <+Tigerman> exit all reamainer @ 664.7
[10:54] <+Inertia> Shorts TF @ 664.1 «« simulator »»
[10:55] <+Inertia> Covered all TF Short @ 665.1 --> - 1 «« simulator »»
[10:55] <@wrbtrader> Exited TF Long @ 665.00 --> + 2.6
[10:55] <@wrbtrader> Holding 1 contract remainder
[10:56] <@wrbtrader> Exited Remainder TF Long @ 665.50 --> + 3.1
[10:56] <+Tigerman> wow price rise
[10:56] <+Tigerman> nice wrb
[10:57] <@wrbtrader> Just in time because I'm exhausted (didn't get much sleep last night)
[10:57] <+Tigerman> the luxory to hold some contract and give room pay at the end :)
[10:57] <@wrbtrader> be back later...going to get some rest
[10:57] <+Tigerman> me too :)
[10:58] <@wrbtrader> Tigerman, I'm not a big fan of scaling out but once in awhile I see something the merits scaling out.
[10:58] <+Tigerman> I go too need some gym and body execise
[10:58] <+Tigerman> yep a last bullet
[10:59] <+Tigerman> can give some extra profit
[10:59] <@wrbtrader> However, I once did some stats and it wasn't impressive but it did show that when I did scaled out...54% or something like that...it was worth the scale out (more profit).
[10:59] <@wrbtrader> It's ony useful info due to the fact I don't use "fixed targets".
[10:59] <@wrbtrader> ony = only
[11:00] <@wrbtrader> Thus, I believe if someone is using fixed profit targets...it's not worth in the long run to scale out.
[11:00] <+Tigerman> yep get what the market give
[11:00] <@wrbtrader> ok
[11:00] * wrbtrader is now known as wrbtrader_away
[11:00] <+Tigerman> yep agreed
[11:01] <+Tigerman> ok see all later :)
[11:01] <+Inertia> Long TF @ 665.8 «« simulator »»
[11:02] <+Inertia> 665.7
[11:05] <+Inertia> Exited 1/2 TF Long @ 666.8 --> + 1 «« simulator »»
[11:05] <+Inertia> Exited Remainder TF Long @ 667.2 --> + 1.4 «« simulator »»
[11:26] <+MrYinYangTrader> back
[11:26] <+MrYinYangTrader> man missed the moved
[11:26] <codehead> NQ hod was exact .618, calc'd that last night
[11:27] <+codehead> ES hod was exact .500
[11:27] <+codehead> both were my first res's
[11:28] <+codehead> YM 4 ticks from my first res was hod
[11:28] <+codehead> YM .382 on the big picture
[11:50] <+MrYinYangTrader> Long TF @ 665.40
[11:53] <+MrYinYangTrader> Exited all TF Long @ 665.2 --> - 0.2
[11:53] <+MrYinYangTrader> not working out for me today
[11:53] <@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
[12:15] <+MrYinYangTrader> Shorts TF @ 662.3
[12:33] <pdays> Long NQ @ 1874.75
[12:40] <+codehead> NQ firmed up on me while Ym was sitll weak, shoot me out near bottom for +2 ticks :-/
[12:40] <+codehead> YM that is
[12:41] <+codehead> should have trusted signal
[12:42] <+codehead> 10200, 10211, and especially 10221/22 YM res's
[12:57] <+MrYinYangTrader> Covered all TF Short @ 659.1 --> + 3.2
[12:58] <+MrYinYangTrader> taking a break
[12:58] <+codehead> nice
[13:20] <+Inertia> Shorts TF @ 659.8 «« simulator »»
[13:20] <+rickf_away> back
[13:20] <+Inertia> Covered 1/2 TF Short @ 659 --> + 0.8 «« simulator »»
[13:21] <+Inertia> Covered Remainder TF Short @ 659 --> + 0.8 «« simulator »»
[13:22] <+Inertia> actually by mistake I closed both halves the 1st time
[13:23] <@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
[13:24] <+codehead> ugh, Ym low was .500 minus 1 tick
[13:24] <+codehead> should have been more patient with it there
[13:30] * rickf_away is now known as rickf
[13:35] * +Time4now long tf 659
[13:39] <+codehead> long frame NQ and Ym could turn up
[13:40] * +Time4now exit 660.6
[13:40] <+codehead> NQ crossing over, breaking fib
[13:41] <+Time4now> hate to say it, but that was my first profitable trade in a week
[13:41] <+Time4now> but i've been side-lined a lot so nm
[13:45] <+codehead> nice
[13:48] <+rickf> congrats
[13:48] <+Time4now> thanks folks
[13:58] <+rickf> I am long BGZ 16/19 OCT call spread --- Large Cap Bear 3X Shares
[13:59] <+rickf> partial fill though. :(
[14:05] <+codehead> high of NQ bounce was symmetry
[14:06] <+codehead> ab=cd
[14:15] <+rickf> short es 1097.75 paper
[14:16] <+codehead> Ym got to within a tick of .500 of day's range
[14:17] <+codehead> oil rocking into close
[14:20] <+rickf> MMS suspends all Gulf drilling permits
[14:20] <+rickf> http://www.washingtonpost.com/wp-dyn/co ... id=topnews
[14:38] <+Inertia> another Black Swan
[14:46] <+rickf> completely illed on my BGZ spread.
[14:50] <@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
[15:05] <+Inertia> unless things change till the close, this is a very narrow range day which could mean a nice trend day 2morrow
[15:14] <+Inertia> it's raing cats and dogs here
[15:15] <+Inertia> raining
[15:15] <+Inertia> and some water droplets
[15:17] <+rickf> exit es 1097.25 +2.5 paper (i added before)
[15:21] <+rickf> wow ... held that one forever
[15:22] * wrbtrader_away is now known as wrbtrader
[15:23] <@wrbtrader> Long TF @ 664.90 -> small size
[15:24] <@wrbtrader> 2 only
[15:25] <@wrbtrader> trailing @ profit
[15:26] <@wrbtrader> Exited all TF Long @ 666.20 --> + 1.3
[15:31] <@wrbtrader> I'm looking for a Short...if wrong...it's an easy position reversal into a Long
[15:32] <@wrbtrader> Shorts TF @ 668.00 -> small size
[15:32] <@wrbtrader> 2 only
[15:35] <@wrbtrader> Covered all TF Short @ 667.60 --> + 0.4
[15:35] <@wrbtrader> Long TF @ 668.00 -> small size
[15:35] <@wrbtrader> 3 only
[15:36] <@wrbtrader> intuition
[15:37] <@wrbtrader> Exited 2/3 TF Long @ 669.10 --> + 1.1
[15:38] <@wrbtrader> trailing @ profit
[15:38] <@wrbtrader> a lot of overhead up here
[15:39] <@wrbtrader> Exited Remainder TF Long @ 668.20 --> + 0.2
[15:47] <@wrbtrader> Shorts TF @ 667.00 -> small size
[15:48] <@wrbtrader> 2 only
[15:49] <@wrbtrader> This can easily retrace back upwards because it's getting closer to the 4pm est Rush Hour Traffic
[15:49] <@wrbtrader> stop tighten
[15:49] <@wrbtrader> trailing @ profit
[15:50] <@wrbtrader> Covered all TF Short @ 665.50 --> + 1.5
[15:50] <+rickf> vn
[15:51] <+rickf> i am done for the day ... nursing that last trade just killed me.
[15:56] <@wrbtrader> Long TF @ 666.90 -> small size
[15:56] <@wrbtrader> 2 only
[15:57] <@wrbtrader> missed a great entry but the retrace has given me a second chance at it
[15:59] <@wrbtrader> come on 4pm volatility...do your magic
[15:59] <@wrbtrader> Exited all TF Long @ 667.20 --> + 0.3
[16:00] <@wrbtrader> :(
[16:00] <@wrbtrader> a thud
[16:01] <@wrbtrader> A lot of thuds this year 2010 in the 4pm rush in comparison to prior to 2000 - 2008
[16:08] <+rickf> have a good evening all ... see you tomorrow
[16:08] <+Time4now> seeya
[16:12] <@wrbtrader> Take care all and see all tomorrow
[16:12] * wrbtrader is now known as wrbtrader_away
[16:20] <@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: Thu Jun 03 16:37:43 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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