#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)
------------------------
Session Start: Tue Jun 22 08:10:51 2010
Session Ident: #FuturesTrades
[08:10] * Now talking in #FuturesTrades
[08:10] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:22] <@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[09:31] <drt>
[09:31] <pat255>
all
[09:31] <+pat255> @office these days ..
[09:31] <+pat255>
[09:38] <Inertia> lots of news in 22 min
[09:49] <+pat255> away from mkt for 3 days ..just out of synch ...
[09:50] <+pat255> reports in 10 min
[10:00] <@wrbtrader> Long TF @ 659.50 -> small size
[10:00] <@wrbtrader> 3 only
[10:01] <@wrbtrader> will be a tough trade with all that downside pressure
[10:01] <@wrbtrader> intuition
[10:02] <@wrbtrader> Exited all TF Long @ 659.20 --> - 0.3
[10:02] <@wrbtrader> Shorts TF @ 658.50 -> medium size
[10:02] <@wrbtrader> 4 only
[10:04] <@wrbtrader> Covered all TF Short @ 659.20 --> - 0.7
[10:07] <@wrbtrader> Long TF @ 659.50 -> medium size
[10:07] <@wrbtrader> 4 only
[10:07] <@wrbtrader> back at the original 1st trade
[10:08] <@wrbtrader> trailing @ profit
[10:11] <@wrbtrader> Exited 1/2 TF Long @ 660.30 --> + 0.8
[10:12] <@wrbtrader> weak support area for TF
[10:14] <+pat255> pressure stil to downside
[10:21] <@wrbtrader> Long TF @ 657.90 -> medium size
[10:21] <@wrbtrader> 4 only
[10:24] <@wrbtrader> some funky price action so far today
[10:25] <+pat255> y was S biased but now up again
[10:25] <+pat255> nice entry N
[10:31] <@wrbtrader> Exited all TF Long @ 658.10 --> + 0.2
[10:32] <werner>
all
[10:33] <@wrbtrader> Shorts TF @ 657.80 -> medium size
[10:33] <@wrbtrader> 4 only
[10:33] <+werner> Shorts NQ @ 1900.50
[10:34] <@wrbtrader> gave a few nice trades plenty of breathing room...got only chump change so far.
[10:34] <@wrbtrader> Price action too funky
[10:35] <@wrbtrader> will use tight trails for remainder of trading day
[10:35] <+werner> oops
[10:35] <@wrbtrader> Covered all TF Short @ 656.70 --> + 1.1
[10:36] <+werner> Covered all NQ Short @ 1897.00 --> + 3.5
[10:36] <@wrbtrader> weak support area again for TF
[10:37] <@wrbtrader> Long TF @ 656.80 -> small size
[10:37] <@wrbtrader> 2 only
[10:37] <+werner> brb
[10:38] <@wrbtrader> Exited all TF Long @ 657.00 --> + 0.2
[10:40] <@wrbtrader> Long TF @ 658.20 -> small size
[10:40] <@wrbtrader> 1 only
[10:40] <@wrbtrader> intuition
[10:41] <@wrbtrader> Long TF @ 658.40 -> Add
[10:41] <@wrbtrader> 1 added
[10:43] <@wrbtrader> geeesh
[10:45] <+werner> tf fade
[10:46] <+Inertia> I noticed that on days where there is a big move in 1 direction but the volume (up/down) is opposing the move >> the next day the move is reversed...
[10:47] <+Inertia> yesterday Up vol far exceeded DOWN vol. let's see if we go up 2day
[10:48] <+pat255> market is trying to put in a bottom here
[10:52] <@wrbtrader> Exited 1/2 TF Long @ 660.70 --> + 2.3
[10:52] <+werner> vn
[10:53] <@wrbtrader> I'm not sure if I'm trading in price action bouncing around or I'm having data problems.
[10:53] <@wrbtrader> Just feels weird trading today so far.
[10:54] <@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[10:54] <@wrbtrader> Exited Remainder TF Long @ 661.30 --> + 3.1
[10:54] <+werner> then take your profit and run
[10:54] <+werner> lol
[10:55] <+pat255> man on phone connection ...prices jump ...lag
[10:59] <+Inertia> pat255 if u reduce the number of open charts and mirc windows u should be OK even on a phone line
[11:03] <+pat255> have only 4 charts ..
[11:03] <+pat255> have only 1/2 gig ram
[11:03] <+pat255> that is the problem
[11:03] <Time4now> ram is cheap
[11:04] <+Inertia> 1/2 gig is REALLY low
[11:04] <+pat255> yes ...on laptop ..need to figure out how to add ram
[11:04] <+pat255> 5 yrs old machine
[11:05] <@wrbtrader> Time to buy a new one...their cheap these days.
[11:05] <+pat255> y N..
[11:05] <@wrbtrader> Along with being more powerful
[11:05] <+pat255> but for ofice it is k..
[11:06] <+pat255> will look at the eoy for new laptop
[11:06] <+pat255> gee I paid almost $1500 for it
[11:07] <+Inertia> if u r trying to make a living from trading , a comp is your tool. u cannot save on that
[11:07] <+pat255> true ...I but have a full time job
[11:07] <+pat255> cant survive on trading but when i leave this is what I want to do
[11:10] <+Inertia> some days the market action is crystal clear and some days it is like being in a fog.
[11:10] <+Inertia> this morning was clear and now getting foggy
[11:21] <@wrbtrader> Long TF @ 660.10 -> small size
[11:21] <@wrbtrader> 3 only
[11:21] <@wrbtrader> trade problem but will keep it
[11:23] <@wrbtrader> Oil still leading the charge today...should'uv keeped a closer eye on it today.
[11:23] <@wrbtrader> Would have prevented one of my losing trades and gotten me short on a big mover
[11:30] <@wrbtrader> Exited all TF Long @ 661.20 --> + 1.1
[11:36] <@wrbtrader> be back later...earned a needed break from trading
[11:36] * wrbtrader is now known as wrbtrader_away
[11:43] <+werner>
also
[12:20] <@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[13:41] <Sidhartha> jeez... what happened to OIH
[13:49] <+Time4now> news
[13:52] <@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[14:04] <+Inertia>
??
[14:05] <+Inertia> Judge block Gulf offshore drilling moratorium
[14:06] <+Sidhartha> yup
[14:07] <+Inertia> so oil is dropping
[14:25] <+Inertia> if i could keep my runners - I would have 2 pay alot of taxes
[14:54] <werner> Long NQ @ 1886.50
[14:55] <+werner> Exited all NQ Long @ 1883.50 --> - 3
[14:56] <+Inertia> that was not by your rules werner, was it?
[14:56] <+Time4now> this is quite a fall
[14:56] <+werner> hi hi indd ,intuition
[14:57] <+Inertia>
[14:58] <+werner> Long NQ @ 1884.50
[14:58] <+Inertia> when my intuition will be as good as Mark's - I'll trade falling knives
[15:02] <+werner> Exited all NQ Long @ 1887.50 --> + 3
[15:03] <+Inertia> nice
[15:03] <+werner> tx
[15:08] <+werner> Long NQ @ 1885.00
[15:13] <+werner> Exited all NQ Long @ 1888.00 --> + 3
[15:14] <+Inertia> this is even nicer
[15:18] <+werner> tx
, done here, go too sit in the garden...cya
[15:18] <+Inertia> bye
[15:21] <@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[15:30] * wrbtrader_away is now known as wrbtrader
[15:31] <@wrbtrader> just got back...that's a big price drop
[15:31] <+Sidhartha> repeat of yesterday...
[15:31] <+Sidhartha> we've had a real cluster of trend days recently..
[15:33] <+Inertia> hopefully we don't go much lower b/c if we do I think that the party is over
[15:34] <+Inertia> we r on decent support at this level (SPY)
[15:35] <+Inertia> Mark - how do you feel when u win and how do you feel when u lose?
[15:35] <+Inertia> may be a silly question but a few of us were wondering
[15:36] <@wrbtrader> It feels the same unless I win big
[15:36] <+Inertia> and if u lose big?
[15:37] <@wrbtrader> I don't lose big anymore...have not in a few years
[15:37] <+Inertia> how did u get 2 the point that winning or losing does not effect you emotionally?
[15:38] <@wrbtrader> Played a lot of competitive sports
[15:38] <+Sidhartha> so did I... not sure it's helped my trading!
[15:39] <+Inertia> would u say that once you achieved a certain level of financial success that gave you the cusion to be indifferent to losing or winning?
[15:41] <@wrbtrader> Ok...now I understand the question better.
[15:42] <@wrbtrader> You need to have some sort'uv cushion (e.g. financially) to be able to discount losses or make them not seem that financially important.
[15:42] <@wrbtrader> That could occur before achieving success or after success.
[15:42] <@wrbtrader> I had a cushion "before" success.
[15:42] <+Sidhartha> How long did lose for at the start Mark...
I assume you had a period when you weren't increasing the value of your trading account...
either sideways or losses...
[15:47] <@wrbtrader> can't remember exactly but it wasn't more than a year
[15:47] <+Inertia> I remember a few days ago you were down over 3K and it did not seem 2 effect you. I am sure if it would be anyone else in the room, after losing 2-300$ they would go into revengemode or depression (I would)
[15:47] <+Inertia> BTW you recovered all of it by the end of the day
[15:48] <+Time4now> I'm just glad Mark exists, I was beginning to think successful day trading was a myth
[15:48] <@wrbtrader> Shorts TF @ 645.40 -> medium size
[15:48] <+Inertia> I think that we/most traders don't understand that the answer is mostly in psychology. That is why I am trying to figure out how u do that
[15:48] <@wrbtrader> 4 only
[15:49] <@wrbtrader> intuition
[15:49] <+Inertia> they exsist but mostly unknown
[15:53] <@wrbtrader> Covered 1/4 TF Short @ 643.90 --> + 1.5
[15:56] <@wrbtrader> Covered 1/4 TF Short @ 643.20 --> + 2.2
[15:56] <+Sidhartha> nice
[15:57] <@wrbtrader> Covered Remainder TF Short @ 643.90 --> + 1.5
[16:07] <@wrbtrader> tight trading range 4pm rush hour traffic
[16:52] <@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-------------------------
#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=5The 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:
CME Emini Futures EMD, ES and NQ
ICE Emini TF Futures (formerly CME ER2)
CBOT mini-sized Dow Futures YM
Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50
Eurex Fixed Income Derivatives (futures) BUND, BOBL and Schatz
Euronext Futures FTSE-100 and CAC-40
CME Futures EuroFX 6E and EC
Treasury Futures T-Notes ZT, ZN, ZF and T-Bonds ZB
Forex Currencies GBPUSD, EurUsd, EurYen and UsdCdn
Exchange Traded Funds VXX, DIA, IWM, QQQQ, SPY, BGU, FAS, FAZ, TNA, OIH, XLE and GLD
NYMEX Energy Futures Light Crude Oil CL, e-miNY QM and Natural Gas NG
COMEX Metal Futures Gold GC, mini-Gold YG, Copper HG and Silver SI
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)
@
http://twitter.com/wrbtrader or http://stocktwits.com/wrbtrader Phone: +1 708 572-4885
Business Hours: 8am - 5pm est (Mon - Fri)
Skype Messenger: kebec2002
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