#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 29 09:15:44 2010
Session Ident: #FuturesTrades
[09:15] * Now talking in #FuturesTrades
[09:15] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:24] <pat255>
all
[09:26] <drt>
[09:27] <@wrbtrader> Big gap down on the regular session chart
[09:28] <+pat255> yup
[09:28] <+pat255> wud need some push up to s
[09:29] <@wrbtrader> Yes...that's what I'm waiting for...any kind'uv weak counter-thrust back upwards
[09:36] <@wrbtrader> Shorts TF @ 625.90 -> medium size
[09:36] <@wrbtrader> 4 only
[09:37] <@wrbtrader> Covered 1/4 TF Short @ 624.00 --> + 1.9
[09:39] <@wrbtrader> Covered Remainder TF Short @ 625.10 --> + 0.8
[09:40] <Inertia> news @ 10
[09:40] <+pat255> back ...office meet shortly
[09:40] <+pat255> vn N
[09:42] <@wrbtrader> Shorts TF @ 625.00 -> small size
[09:42] <@wrbtrader> 2 only
[09:42] <@wrbtrader> intuition
[09:50] <@wrbtrader> TF looking for stops because other key markets don't have a similar volatility spike
[09:51] <@wrbtrader> A little higher and it'll get my trail stop too
[09:52] <@wrbtrader> Covered all TF Short @ 623.60 --> + 1.4
[09:56] <@wrbtrader> geeesh
[09:56] <@wrbtrader> that shook things up some more
[09:56] <+Inertia> really bad news
[09:57] <@wrbtrader> Shorts TF @ 622.20 -> small size
[09:57] <@wrbtrader> 3 only
[09:57] <@wrbtrader> intuition
[10:00] <@wrbtrader> Covered 1/3 TF Short @ 620.50 --> + 1.7
[10:00] <@wrbtrader> trailing @ profit
[10:05] <@wrbtrader> Covered Remainder TF Short @ 621.60 --> + 0.6
[10:06] <@wrbtrader> these counter-thrust have been picking off my remainders very easily so far
[10:06] <@wrbtrader> Will change tactic...no more scaling out.
[10:07] <@wrbtrader> Shorts TF @ 620.90 -> small size
[10:07] <@wrbtrader> 3 only
[10:08] <@wrbtrader> intuition
[10:11] <@wrbtrader> support developing
[10:12] <@wrbtrader> Covered all TF Short @ 621.60 --> - 0.7
[10:13] <@wrbtrader> Shorts TF @ 620.60 -> small size
[10:13] <@wrbtrader> 3 only
[10:14] <@wrbtrader> intuition in reaction to prior trade
[10:15] <MrYinYangTrader>
everyone...
[10:16] <+MrYinYangTrader> back from vacation..
[10:16] <Time4now> where to?
[10:16] <+MrYinYangTrader> asia
[10:16] <@wrbtrader> Covered all TF Short @ 619.90 --> + 0.7
[10:16] <+MrYinYangTrader> went to hong kong, china and vietnam
[10:17] <+Time4now> that sounds cool
[10:18] <+pat255> back for a bit ..
[10:18] <@wrbtrader> Long TF @ 620.60 -> small size
[10:18] <@wrbtrader> 2 only
[10:18] <+pat255> hi YY
[10:18] <@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[10:18] <@wrbtrader> intuition and a trade error
[10:19] <@wrbtrader> saw something that really wasn't there
[10:19] <+MrYinYangTrader> sup pat225
Session Start: Tue Jun 29 10:35:18 2010
Session Ident: #FuturesTrades
[10:35] * Now talking in #FuturesTrades
[10:35] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[10:35] <@wrbtrader> My entire network crashed
[10:36] <@wrbtrader> Can someone email me the log for the discussion in here between 1019am - 1035am est to
intradaystrategies@yahoo.com[10:36] <+MrYinYangTrader> man that sucks... that reminds me i have to rebuild my comp over this holiday weekend... i think harddrive is about to die
[10:36] <@wrbtrader> Thanks in advance
[10:37] <+MrYinYangTrader> i would but i came in at 10:30am
[10:37] <+Time4now> I'll volunteer
[10:37] <@wrbtrader> Log is only important if trades were posted while I was away between 1019am - 1035am est
[10:38] <@wrbtrader> If no trades were posted...I don't need the log
[10:38] <+MrYinYangTrader> i went long 10:31est
[10:38] <@wrbtrader> May get lucky with this exit of that Long I was stuck in while trying to get my system rebooted
[10:38] <+MrYinYangTrader> at 619
[10:40] <+Time4now> looks like the log wont be needed
[10:41] <@wrbtrader> Exited all TF Long @ 620.70 --> - 21.7
[10:41] <@wrbtrader> ooops
[10:41] <@wrbtrader> +0.1
[10:42] <+Inertia> log sent
[10:42] <@wrbtrader> thanks
[10:43] <+MrYinYangTrader> Exited all TF Long @ 619.6 --> + 0.6
[10:43] <@wrbtrader> FYI - My system may crash again because I wasn't able to fix whatever it was that caused it to shut down.
[10:43] <@wrbtrader> Simply, all I did was start the system back up to get back online.
[10:44] <+MrYinYangTrader> how do you get the timestamp to show up on the chat screen here?
[10:44] <@wrbtrader> In your mIRC window options tab
[10:44] <@wrbtrader> Try left clicking on the small image in the upper left corner
[10:45] <@wrbtrader> scroll down until you see "timestamp"
[10:45] <@wrbtrader> check it for "On"
[10:45] <@wrbtrader>
[10:46] <+MrYinYangTrader> ok test
[10:46] <+MrYinYangTrader> cool
[10:46] <+MrYinYangTrader> thanks wrb
[10:46] <+MrYinYangTrader> Long TF @ 619.4
[10:47] <+Inertia> MrYinYangTrader u can also add seconds 2 the time stamp
[10:49] <+MrYinYangTrader> now where is that
[10:50] <+MrYinYangTrader> test
[10:50] <+MrYinYangTrader> test
[10:50] <+MrYinYangTrader> awesome
[10:50] <+MrYinYangTrader> got it
[10:51] <+MrYinYangTrader> Exited all TF Long @ 612.5 --> - 6.9
[10:51] <+MrYinYangTrader> i meant 621.5
[10:51] <+MrYinYangTrader> +1.9
[10:52] <@wrbtrader> MrYin...did you change your "timestamp logs" in the logging section to get "seconds"
??
[10:52] <+MrYinYangTrader> yea
[10:52] <@wrbtrader> what did you use for seconds
[10:53] <+MrYinYangTrader> under MIRC Option > Message >
[10:53] <@wrbtrader> HH:nn:??
[10:53] <+MrYinYangTrader> HH:NN:SS
[10:53] <+MrYinYangTrader> [HH:nn:ss]
[10:54] <@wrbtrader> Ok...make sure you use either all caps or small letters. Thus, don't mix the small letters with caps
[10:55:34] <@wrbtrader> Could be me because it causes a conflict with the script I'm using
[10:57:15] <+MrYinYangTrader> Shorts TF @ 623.4
[11:01:46] <@wrbtrader> Geeesh...how come these G20 meetings turn violent when held in cities
??
[11:02:09] <+MrYinYangTrader> they need to do it in a barn somewhere next time in canada
[11:02:09] <@wrbtrader> They should hold them for now on some remote island or desert
[11:02:29] <@wrbtrader> Nobody goes to some hot desert to protest
[11:02:32] <+MrYinYangTrader> Covered Remainder TF Short @ 721.6 --> - 98.2
[11:02:50] <+MrYinYangTrader> Covered all TF Short @ 621.6 --> + 1.8
[11:02:59] <+MrYinYangTrader> hahah! yea thanks inertia for that tip
[11:03:55] <+MrYinYangTrader> testing time mode again
[11:03:58] <+MrYinYangTrader> there we go
[11:06:27] <+Inertia> i don't understand why these G20/G8 meeting have 2 b held in a city. Security reasons? it's easier to bomb a place in the open. like an island or the desert.
[11:06:34] <+Inertia> have them in a military bunker
[11:06:51] <+Inertia> that would b safe and cheap
[11:07:10] <@wrbtrader> Space station would be good
[11:07:21] <+Inertia> yes but 2 expensive
[11:07:38] <@wrbtrader> logging off for a minute
[11:07:42] <+Inertia> really. an old nuclear silo or something like that
Session Close: Tue Jun 29 11:07:43 2010
Session Start: Tue Jun 29 11:07:43 2010
Session Ident: #FuturesTrades
[11:07:43] * Disconnected
Session Close: Tue Jun 29 11:07:43 2010
Session Start: Tue Jun 29 11:09:28 2010
Session Ident: #FuturesTrades
[11:09:28] * Now talking in #FuturesTrades
[11:09:28] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[11:10:19] <+pat255> L 45.5 papaer es
[11:10:32] <+Inertia>
http://www.missilebases.com/properties[11:10:57] <+Inertia> you can buy a lot of old siloes for the 1.2 Bln that they spent in Toronto on this last G20 meeting
[11:12:02] <+MrYinYangTrader> Shorts TF @ 623.4
[11:12:07] <+MrYinYangTrader> bad entry
[11:13:54] <Sidhartha> YY, any reason you trade TF over some of the other e-minis...
[11:14:03] <+pat255> out -1
[11:14:05] <+MrYinYangTrader> Covered all TF Short @ 623. --> + 0.4
[11:14:21] <+MrYinYangTrader> just it moves very well
[11:14:27] <+MrYinYangTrader> compare to es
[11:14:34] <+MrYinYangTrader> but size of trade is a problem though
[11:14:35] <+Sidhartha> ohh yeah... ES sucks
[11:14:59] <+Sidhartha> I ask because I trade YM - also moves better and allows for better stop placement...
[11:15:08] <+Sidhartha> never traded the TF... might have to try one day
[11:15:12] <+MrYinYangTrader> if i do bigger size... i usually put on es instead
[11:16:09] <+MrYinYangTrader> but with the market moving in a range of +15-20 point range a day.. i see no need to trade big size
[11:16:36] <+Inertia> what would u say is the limit on size trading the TF?
[11:16:51] <+MrYinYangTrader> Long TF @ 723.4
[11:16:55] <+MrYinYangTrader> damnit
[11:17:04] <@wrbtrader> Long TF @ 623.70 -> small size
[11:17:05] <+MrYinYangTrader> Long TF @ 623.4
[11:17:14] <@wrbtrader> 2 only
[11:17:22] <@wrbtrader> intuition
[11:17:26] <+MrYinYangTrader> 1 only for me
[11:17:54] <@wrbtrader> A lot of intuition trades for me today because I've only had 1 or 2 trade signals
[11:19:53] <@wrbtrader> strange price action in TF the past 2 mins
[11:21:30] <+Inertia> [11:20:59] <Inertia> what would u say is the limit on size trading the TF?
[11:22:19] <+MrYinYangTrader> Exited all TF Long @ 622.7 --> - 0.7
[11:22:48] <+MrYinYangTrader> nothing over 10ct
[11:22:54] <+MrYinYangTrader> but that's just me
[11:23:25] <+MrYinYangTrader> Shorts TF @ 622.2
[11:24:26] <@wrbtrader> Exited all TF Long @ 622.10 --> - 1.6
[11:24:37] <+Inertia> obviously I am not there yet but what happens if you place over 10conts" would placing 2 trades of say 7-8 conts a few sconds appart be OK?
[11:25:02] <+MrYinYangTrader> yea i scale in on lots of 2 if possible
[11:25:55] <+MrYinYangTrader> Covered all TF Short @ 621.9 --> + 0.3
[11:26:07] <+MrYinYangTrader> ok im going to take a break..
[11:26:49] <+Inertia> anyone else trading TF who has an idea about cont size/#?
[11:32:00] <@wrbtrader> 7 - 8 contract trades a few seconds apart will produce "split fills"
[11:33:40] <+Inertia> what r split fills?
[11:34:14] <@wrbtrader> Your fill statement will show like 4 + 3 instead of 7
[11:34:37] <@wrbtrader> Their executed the same time stamp...just split fills
[11:35:09] <+Inertia> that's ok but will there be a lot of slippage beyond 10 conts and will splitting the trade into smaller portions separated by some time solve this problem?
[11:35:11] <@wrbtrader> I've had 6 contract positions show 2+2+2 instead of 6
[11:45:44] <+MrYinYangTrader> k back
[11:48:07] <@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[11:49:17] <+Inertia> mu Ninja crashed 2x today 4 no apparent reason
lucky that I was not in a trade
[12:45:27] * codeheadX is now known as codehead
[13:13:56] <@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[13:21:26] <@wrbtrader> something stinks about the support failure
[13:21:53] <codehead> yeah, tick extreme, little movement
[13:22:52] <+codehead> ES lod is 3 ticks above May low
[13:23:25] <+codehead> what are you thinking, wrb?
[13:23:31] <+codehead> in regards to "stinks"
[13:23:41] <@wrbtrader> Long TF @ 617.80 -> small size
[13:23:48] <@wrbtrader> 2 only
[13:27:10] <@wrbtrader> tighten stop
[13:30:20] <@wrbtrader> Exited all TF Long @ 617.00 --> - 0.8
[13:31:58] <+codehead> YM and NQ held the low, so far
[13:32:01] <+pat255> geez blood batg & no end
[13:32:07] <+codehead> Es a couple ticks under low of year
[13:33:14] <@wrbtrader> Long TF @ 617.30 -> small size
[13:33:26] <@wrbtrader> 2 only
[13:33:29] <@wrbtrader>
[13:34:27] <@wrbtrader> Exited all TF Long @ 617.30 --> 0
[13:34:34] <@wrbtrader> I didn't want that Long
[13:38:19] <+pat255> geez S gere will be too risky
[13:39:00] <+codehead> i was more successful when i traded stocks, but the one thing i dont' miss is days like this--i'm only up enough on futures today enough to buy a gallon of gas and a can of tuna or two, but it beats waking up to a pounding
[13:39:33] <+Sidhartha> ohh the things you can do with a gallon of gas and a can of tuna...
[13:39:38] <+codehead> lol
[13:39:49] <+codehead> well, with the gallon of gas, i can drive to the store for tuna
[13:39:58] <+codehead> ;-)
[13:40:03] <+Sidhartha> ha yes
[13:42:29] <@wrbtrader> Shorts TF @ 617.10 -> medium size
[13:42:34] <@wrbtrader> 4 only
[13:42:44] <@wrbtrader> intuition
[13:42:59] <@wrbtrader> punks
[13:44:25] <@wrbtrader> Covered all TF Short @ 618.10 --> - 1
[13:44:57] <@wrbtrader> I tried a few times to get Long @ 617.40 or .50 and no fill...tried the opposite and got burnt
[13:46:14] <+pat255> L seems to be bettr for scalps ..
[13:47:26] <+Sidhartha> chop tastic
[13:47:34] <+Sidhartha> hard to see much clear here... or hold it
[13:48:05] <+pat255> crap shoot here
[13:48:41] <+codehead> my trading signals working ok, but i also run a 4x frame for trend, and it's been quite divergent today
[13:49:43] <@wrbtrader> Shorts TF @ 616.50 -> medium size
[13:49:50] <@wrbtrader> 4 only
[13:49:53] <@wrbtrader> intuition
[13:50:31] <@wrbtrader> this stinks
[13:51:29] <+codehead> lotta neg $TICK extreme signals, accompanied by virtually no index movement
[13:52:02] <+codehead> when you have screaming tick extreme signal, and Ym stuck in a 1 tick range, pretty weird
[13:52:08] <@wrbtrader> something is moving because I'm getting losses
[13:52:42] <@wrbtrader> Covered all TF Short @ 616.30 --> + 0.2
[13:54:01] <@wrbtrader> Long TF @ 616.80 -> small size
[13:54:06] <@wrbtrader> 3 only
[13:54:22] <+codehead> cool
[13:56:46] <@wrbtrader> Perfect song for Emini TF today @
http://www.youtube.com/watch?v=qe1ScoePqVA[13:57:16] <+codehead> lol
[13:58:26] <@wrbtrader> Exited all TF Long @ 617.00 --> + 0.2
[14:01:35] <+codehead> YM in same place as when i got online, 40 minutes intot he mkt
[14:02:13] <+codehead> i know because i was long here on Ym, then here on ES lol
[14:03:01] <@wrbtrader> Long TF @ 617.50 -> small size
[14:03:05] <@wrbtrader> 2 only
[14:03:18] <@wrbtrader> what's capping this counter-thrust
[14:03:22] <+codehead> my long frames are in buy mode
[14:03:28] <@wrbtrader> It can't get above 618.50
[14:03:36] <@wrbtrader> oooops...just did
[14:05:58] <@wrbtrader> Exited all TF Long @ 618.90 --> + 1.4
[14:10:44] <+codehead> nice
[14:31:04] <@wrbtrader> Long TF @ 617.40 -> small size
[14:31:08] <@wrbtrader> 2 only
[14:33:08] <@wrbtrader> Exited all TF Long @ 617.60 --> + 0.2
[14:33:20] <@wrbtrader> another 2 tick profit trade
[14:33:24] <@wrbtrader>
[14:33:50] <@wrbtrader> be back later...will watch the Portugal / Spain World Cup soccer game
[14:33:58] * wrbtrader is now known as wrbtrader_away
[14:45:48] <@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[14:52:00] <+codehead> huge volume spike in AAPL
[15:13:44] <+Inertia> NYSE up/dn vol 1:45
[15:14:54] <+MrYinYangTrader> Shorts TF @ 615.90
[15:16:46] <+MrYinYangTrader> Covered all TF Short @ 614.9 --> + 1
[15:17:22] <+pat255> vn
[15:17:36] <+pat255> even now there is no push to cover S
[15:22:13] <+MrYinYangTrader> Long TF @ 613.20
[15:22:37] <+MrYinYangTrader> Exited all TF Long @ 613.7 --> + 0.5
[15:22:51] <+MrYinYangTrader> Exited all TF Long @ 612.7 --> - 0.5
[15:23:18] <+pat255> geez there is no cover even eod
[15:23:31] <+MrYinYangTrader> yea may just sell off to close
[15:23:53] <+MrYinYangTrader> Shorts TF @ 612.8
[15:27:37] <+MrYinYangTrader> Covered all TF Short @ 612.6 --> + 0.2
[15:30:51] <+MrYinYangTrader> Shorts TF @ 614.2
[15:31:03] <+MrYinYangTrader> bad entry
[15:31:19] <+MrYinYangTrader> pulled triggered to fast
[15:32:35] <+MrYinYangTrader> Covered all TF Short @ 615.1 --> - 0.9
[15:34:37] <+MrYinYangTrader> Shorts TF @ 614.6
[15:37:59] <+MrYinYangTrader> Covered Remainder TF Short @ 614.4 --> + 0.2
[15:38:16] <+MrYinYangTrader> im done for today
[15:38:23] <+pat255> later YY
[15:38:26] <+pat255> gn
[15:38:27] <+MrYinYangTrader> later
[15:55:12] <+codehead> was on phone, but Ym got within a tick of a previous major low on the daily
[15:55:33] <+codehead> i had a line there
[15:56:07] <@wrbtrader_away> Shorts TF @ 614.00 -> small size
[15:56:15] <@wrbtrader_away> 1 only
[15:56:21] * wrbtrader_away is now known as wrbtrader
[15:57:27] <@wrbtrader> Covered TF Short @ 614.50 --> - 0.5
[15:57:27] <@wrbtrader> Reverse and Enter Long TF @ 614.50
[15:57:45] <@wrbtrader> 2 only
[15:59:37] <@wrbtrader> Exited all TF Long @ 614.00 --> - 0.5
[16:03:23] <@wrbtrader> Long TF @ 614.20 -> small size
[16:04:33] <@wrbtrader> intuition and 2 only
[16:09:40] <+Inertia> what is the ratio between your INTUITION trades and the other type?
[16:10:35] <@wrbtrader> Exited all TF Long @ 614.50 --> + 0.3
[16:11:17] <@wrbtrader> Like I said earlier today...today it's unusual...have more intuition trades than trade signals.
[16:11:30] <+Inertia> on average .....
[16:11:41] <+Inertia> over a long period of time....
[16:11:46] <@wrbtrader> This year must be about even
[16:12:15] <@wrbtrader> Since I've been documenting it about 2 years...trade signals still have an edge in comparison
[16:12:41] <+Inertia> and how about the outcome of the trades....
[16:13:08] <+Inertia> do the signals produce more or less $$$
[16:13:22] <@wrbtrader> about the same
[16:13:47] <+Sidhartha> interesting
[16:13:50] <@wrbtrader> I can't seem to get one to have an advantage over the other
[16:14:12] <+Sidhartha> makes me think even more that trade management is a significant edge in itself!
[16:14:20] <@wrbtrader> Maybe that's the advantage because early 2000 my intuition trades usually result as a loser
[16:14:24] <@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[16:14:53] <@wrbtrader> Thus, the real difference is that my intuition trades has improved dramatically over the recent years.
[16:15:33] <+Inertia> b/c u have more experience >>> so the chart patterns are engrained
[16:21:44] <@wrbtrader> I started experimenting with intuition trades the late 90's...
[16:22:20] <@wrbtrader> didn't see any improvement until around 2005 but still losing on those types of trades.
[16:22:53] <@wrbtrader> What I did was got better at the trade management of those types of trades before I was able to turn the corner (profitable) on those types of trades.
[16:23:14] <@wrbtrader> Thus, the trade management was what finally broke through the wall on my intuition trades.
[16:23:36] <@wrbtrader> That's when my overall consistency started...started getting big win streaks.
[16:24:38] <@wrbtrader> Just got to work more on my "discipline" and "reaction" to a intuition trades.
[16:24:58] <@wrbtrader> That'll take a few more years to get that under more control
[16:25:26] <+Inertia>
)
[16:25:33] <+Sidhartha> emotions... the key
[16:25:43] <+Inertia> what's a few more years between friends
[16:25:49] <+Sidhartha> can't manage a trade effectively unless you can control your emotions...
[16:25:50] <@wrbtrader>
[16:26:38] <@wrbtrader> Just a reminder...I was trading for many many years before adding "intuition trading" to my trading plan.
[16:26:49] <+Inertia> 2day I was cool as a cucumber
[16:27:03] <+Inertia> and it shows
[16:27:04] <@wrbtrader> In fact, was highly against it for about 10 years
[16:28:54] <+codehead> most of my stock daytrades were intuition trades, found i had a knack for seeing the psychology in price patterns
[16:29:16] <+codehead> i still see in futs, but level of trust not there
[16:30:45] <+codehead> perhaps some of it is knowing that the big buyers and sellers are controlling things, not just groups psychology
[16:30:51] <+codehead> group
[16:34:11] <@wrbtrader> Usually when I get that "feeling" the price action is being "controlled" by the big boys...I usually have a very difficult trading day like today.
[16:34:38] <+codehead> yes, things seem pretty controlled at many periods today
[16:34:55] <+Inertia> interestin. yesterday was extremely difficult for me and today was easy
[16:35:25] <+codehead> which you trading gabe?
[16:36:18] <+Inertia> y
[16:36:28] <+codehead> which contract?
[16:36:37] <+Inertia> IWM
[16:36:41] <+codehead> k
[16:37:12] <+Inertia> it represent a 10:1 reduction in exposure compared with TF but the commissions are a killer
[16:37:29] <+codehead> yeah, i considered trading options today
[16:37:33] <+Inertia> relative to the moves
[16:37:52] <+codehead> because i felt i needed a stop on futs about twice what i preferred to use
[16:37:55] <+Inertia> but at least IWM moves ALMOST like TF
[16:38:19] <+Inertia> occasionally it looks as if it is on crack but most of the time it is identical
[16:40:52] <+Inertia> anyway. c u 2morrow
[16:41:00] <+codehead> cya
[17:40:23] <@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/forumSession Close: Tue Jun 29 17:43:47 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
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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
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Reminder, our
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@
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