#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: Fri Jun 25 09:30:57 2010
Session Ident: #FuturesTrades
[09:30] * Now talking in #FuturesTrades
[09:30] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:45] <pat255> consumer sentiment in 10 min
[09:52] <+pat255> slow drip dowm
[09:59] <@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] <@wrbtrader> I'm not trading right now...I'm watching the long waited Portugal / Brazil soccer match at the world cup...several of my favorite soccer players (both teams) are in this game.
[10:21] <@wrbtrader> Will trade when game has ended.
[10:22] <+pat255> L 70.25 es
[10:22] <+pat255> papaer
[10:23] <+pat255> out -1
[10:23] <+pat255> no go
[11:22] <Time4now> russl has not been in sinc with other markets lately
[11:25] <+Time4now> I see it as using yesterdays durable goods / jobless claims WRB as resistence so far today
[11:26] <@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[12:36] <werner> hi all
[12:52] <codehead> YM high on that was exact trenline tap
[12:52] <+codehead> trendline
[12:52] <+codehead> drew the line in advance, but was distracted :-/
[12:52] <+codehead> saw the hit a bit later
[12:54] <+werner> Long NQ @ 1838.50
[12:55] <+codehead> .500 pb on Ym exact
[12:56] <@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[12:57] <+werner> brb ..stops are in
[12:59] <+codehead> .500 held
[13:01] <+werner> back
[13:01] <+werner> Exited all NQ Long @ 1841.25 --> + 2.75
[14:06] <@wrbtrader> Shorts TF @ 641.00 -> small size
[14:06] <@wrbtrader> 3 only
[14:10] <@wrbtrader> Covered all TF Short @ 641.50 --> - 0.5
[14:11] <@wrbtrader> Long TF @ 641.90 -> small size
[14:11] <@wrbtrader> 2 only
[14:13] <@wrbtrader>
[14:14] <@wrbtrader> Exited all TF Long @ 642.00 --> + 0.1
[14:16] <@wrbtrader> Shorts TF @ 642.60 -> small size
[14:17] <@wrbtrader> 1 only
[14:17] <@wrbtrader> intuition
[14:18] <@wrbtrader> Covered TF Short @ 642.80 --> - 0.2
[14:25] <@wrbtrader> Shorts TF @ 641.40 -> medium size
[14:25] <@wrbtrader> 4 only
[14:26] <@wrbtrader> 2 @ .50 then 2 add @ .40
[14:26] <@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[14:28] <@wrbtrader> hopefully this hasn't been the theme today while I was gone...
[14:28] <@wrbtrader> volatility shows up and then quickly disappear
[14:29] <+codehead> rebalancing day on russell
[14:29] <+codehead> oil pop on close
[14:34] <@wrbtrader> support trying to develop
[14:34] <@wrbtrader> Covered all TF Short @ 642.20 --> - 0.8
[14:35] <@wrbtrader> Long TF @ 642.60 -> medium size
[14:35] <@wrbtrader> 4 only
[14:36] <@wrbtrader> geessh
[14:39] <Inertia> call a doctor. the market has no pulse
[14:41] <+Inertia> Long TF @ 643.5 «« simulator »»
[14:41] <@wrbtrader> I just need one runner...don't really care about how many losses I get as long as they are small.
[14:42] <+Inertia> Exited all TF Long @ 643.3 --> - 0.2 «« simulator »»
[14:43] <@wrbtrader> Exited all TF Long @ 642.70 --> + 0.1
[14:51] <+codehead> closest trading day to full moon
[14:54] <@wrbtrader> Long TF @ 642.60 -> small size
[14:54] <@wrbtrader> 3 only
[14:56] <@wrbtrader> Long TF @ 642.90 -> Add
[14:57] <+codehead> Ym long frame rolling
[14:57] <+codehead> to sell
[14:57] <@wrbtrader> now it breaks support
[14:58] <@wrbtrader> I tried that short a few times...wouldn't work
[14:58] <+codehead> yeah, tricky
[14:59] <+codehead> YM has a pretty obvious top
[14:59] <+codehead> ER res is 1080.00, and it topped 2 ticks under
[15:00] <+codehead> NQ supp 1845-46, so not really going to get too much selling interest till that breaks
[15:00] <+codehead> Ym 10100 and just below
[15:01] <+Inertia> Shorts TF @ 641 «« simulator »»
[15:01] <+Inertia> Covered all TF Short @ 641.5 --> - 0.5 «« simulator »»
[15:02] <+Inertia> Shorts TF @ 641 «« simulator »»
[15:03] <@wrbtrader> Exited all TF Long @ 641.00 --> - 3.5
[15:03] <@wrbtrader> Shorts TF @ 640.60 -> large size
[15:03] <@wrbtrader> 6 only
[15:03] <@wrbtrader> back at my original trade
[15:06] <@wrbtrader> support building again
[15:06] <+Inertia> Covered 1/2 TF Short @ 640.5 --> + 0.5 «« simulator »»
[15:06] <+Inertia> Covered Remainder TF Short @ 640.2 --> + 0.8 «« simulator »»
[15:07] <@wrbtrader> It's like quicksand...
[15:08] <@wrbtrader> sits there waiting to absorb the trades
[15:08] <+Inertia> Shorts TF @ 640.5 «« simulator »»
[15:08] <@wrbtrader> actually not funny when trapped in it
[15:09] <+Inertia> Covered all TF Short @ 640.6 --> - 0.1 «« simulator »»
[15:11] <@wrbtrader> I'm marking that 641 level as a key level for Monday's trading session
[15:11] <@wrbtrader> It's a pain in the butt.
[15:16] <+Time4now> I don't know how you pulled it off, but you did
[15:17] <@wrbtrader> I'm down about -11 points
[15:17] <@wrbtrader> gotta let this one ride a little longer
[15:18] <@wrbtrader> Covered 1/2 TF Short @ 638.10 --> + 2.5
[15:19] <@wrbtrader> next support is a few points below
[15:19] <@wrbtrader> not sure where the fight has suddenly showed up
[15:20] <@wrbtrader> Covered Remainder TF Short @ 639.30 --> + 1.3
[15:21] <+codehead> YM bounced at .500--similar to earlier major5 move
[15:22] <@wrbtrader> Shorts TF @ 639.20 -> small size
[15:23] <@wrbtrader> 3 only
[15:23] <+Time4now> I see the bullish white hammer pattern on the 3min ym and es, but it's not in a support zone
[15:23] <@wrbtrader> intuition
[15:24] <@wrbtrader> Covered all TF Short @ 639.80 --> - 0.6
[15:25] <@wrbtrader> A little higher and a short squeeze could develop
[15:25] <@wrbtrader> Long TF @ 640.20 -> small size
[15:25] <@wrbtrader> 3 only
[15:26] <@wrbtrader> no squeeze just yet
[15:27] <@wrbtrader> waiting for a volatility spike to confirm it
[15:28] <@wrbtrader> Exited all TF Long @ 640.20 --> 0
[15:29] <@wrbtrader> Long TF @ 640.20 -> small size
[15:29] <@wrbtrader> 3 only
[15:29] <@wrbtrader> trying again
[15:29] <@wrbtrader> intuition
[15:32] <@wrbtrader> will it break the infamous 641
[15:35] <@wrbtrader> Exited 1/3 TF Long @ 642.40 --> + 2.2
[15:35] <@wrbtrader> Exited 1/3 TF Long @ 642.50 --> + 2.3
[15:35] <+codehead> Ym bounce at .500, within a tick
[15:36] <+codehead> NQ went just a little past, but held the obvious 1840 supp
[15:36] <@wrbtrader> Exited Remainder TF Long @ 642.40 --> + 2.2
[15:36] <+codehead> a bit of a cold today, was so groggy decided to wait till monday to trade
[15:36] <+codehead> nice
[15:37] <@wrbtrader> It's usually tough trading for me in the p.m. trading session when I completely miss the morning a.m. trading session.
[15:37] <@wrbtrader> I just bit me lip and hammer at it.
[15:41] <@wrbtrader> Long TF @ 642.30 -> small size
[15:41] <@wrbtrader> 2 only
[15:42] <@wrbtrader> error but will keep
[15:42] <@wrbtrader> got a fly buzzing around in me office...it's a pain in the butt.
[15:43] <+Time4now> what constitutes an error?
[15:43] <@wrbtrader> Exited all TF Long @ 641.80 --> - 0.5
[15:44] <@wrbtrader> Shorts TF @ 640.80 -> small size
[15:44] <@wrbtrader> 2 only
[15:44] <@wrbtrader> that particular error I wanted to pull the order...didn't do it in time
[15:45] <+Time4now> so an error is simply changing your mind and not some sort of missunderstood price action?
[15:46] <@wrbtrader> Covered all TF Short @ 640.60 --> + 0.2
[15:46] <@wrbtrader> No
[15:46] <@wrbtrader> You asked me about that particular trade...
[15:47] <@wrbtrader> I didn't pull the order in time.
[15:47] <@wrbtrader> another error could be position size
[15:47] <@wrbtrader> another error could be hit the buy button when I wanted the sell button
[15:47] <+Time4now> I've done that once...
[15:48] <@wrbtrader> another error could be "thought" I had a stop in when I did not
[15:48] <@wrbtrader> Simply, could be anything I made a mistake
[15:48] <+Time4now> alright, that definately answers it
[15:49] <@wrbtrader> Shorts TF @ 640.00 -> small size
[15:49] <@wrbtrader> 3 only
[15:49] <@wrbtrader> same tade reason as prior that got "picked pocketed"
[15:50] <@wrbtrader> volatility showed up...hopefully it stays
[15:52] <@wrbtrader> Covered all TF Short @ 639.70 --> + 0.3
[15:52] <+Time4now> it was showing up in the other markets :/
[15:53] <+Time4now> why is TF so funky lately?
[15:55] <+Time4now> it traces the other markets, but breaks off and does its own thing sometimes\
[15:56] <@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[15:57] <@wrbtrader> Long TF @ 641.60 -> small size
[15:57] <@wrbtrader> 3 only
[15:58] <codehead> dow was
hard at the flat line, looks like green most likely wins
[15:59] <@wrbtrader> Exited all TF Long @ 642.40 --> + 0.8
[16:05] <@wrbtrader> Shorts TF @ 641.10 -> small size
[16:05] <@wrbtrader> 1 only
[16:05] <@wrbtrader> intuition
[16:08] <@wrbtrader> Covered TF Short @ 641.10 --> 0
[16:09] <@wrbtrader> Long TF @ 642.20 -> small size
[16:09] <@wrbtrader> 2 only
[16:11] <@wrbtrader> doesn't look like I'm going to clear $800 bucks today
[16:11] <@wrbtrader> gave it a good try unless this spikes higher
[16:12] <+Time4now> morning was nice, turned into a chop day
[16:14] <@wrbtrader> Exited all TF Long @ 643.10 --> + 0.9
[16:15] <@wrbtrader> It was close
[16:15] <@wrbtrader> Take care all and have a good weekend.
[16:15] <+codehead> cya
[16:15] <+Time4now> bye folks
[16:15] <@wrbtrader> Time4now...I got your email and will reply tonight
[16:15] <+Inertia> bye
[16:15] <+Time4now> sweet
[16:17] <+Time4now> seeya
Session Close: Fri Jun 25 16:20:27 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=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)
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