#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 Jul 09 09:25:33 2010
Session Ident: #FuturesTrades
[09:25:33] * Now talking in #FuturesTrades
[09:25:33] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:26:00] <@wrbtrader> Good morning all.
[09:26:35] <rickf>
[09:26:42] <Time4now> good morning
[09:32:59] <gabe> Long ES @ 1066.25
[09:34:20] <+gabe> Exited all ES Long @ 1066.75 --> + 0.5
[09:35:47] <+gabe> Long ES @ 1067.00
[09:36:23] <+gabe> Exited all ES Long @ 1068.00 --> + 1
[09:38:55] <+gabe> Shorts ES @ 1067.00
[09:39:16] <@wrbtrader> I'm not use to seeing these no gap like openings
[09:39:31] <+gabe> Covered all ES Short @ 1067.00 --> 0
[09:41:10] <+rickf> grr had a 1068 short ready to go.
[09:43:21] <JimL1> looks like market going to march around here & frustrate both L & S's need to wait for a break (unless soemone here hasa special indicator)
[09:44:11] <+rickf> short es 1068
[09:44:34] <Inertia>
[09:44:35] <+gabe> Shorts ES @ 1067.50
[09:44:40] <+Inertia> news in 12 min
[09:44:57] <pat255>
guys @office again today
[09:45:07] <@wrbtrader> volatility VXX, VIX and others are now ranging...
[09:45:22] <@wrbtrader> I'm staying on the sidelines until I see a reaction to the pending 10am est report
[09:45:27] <+gabe> Covered all ES Short @ 1066.50 --> + 1
[09:45:36] <+pat255> vn
[09:45:43] <+gabe> ty
[09:47:13] <+rickf> exit es 1066 +2
[09:47:24] <+gabe> vn
[09:47:26] <+rickf> thx
[09:47:45] <+rickf> gotta get used to theimproved quote speed here now
[09:48:44] <+Inertia> what platform r u using?
[09:48:48] <+rickf> thinkorswim
[09:48:58] <+rickf> they upgraded their data feed in recent weeks while i was away
[09:48:59] <+Inertia> can u trade from the charts?
[09:49:20] <+rickf> yes - not as intuitive as Ninja. I actually don't trade from the charts directly
[09:49:46] <+Inertia> i LOVE ninja (not tell my better half)
[09:49:59] <+rickf> lol i use NT for testing and research now and then
[09:50:08] <+Inertia> I bought it
[09:50:10] <+pat255> ninja from which broker?
[09:50:29] <+rickf> NT from Ninja, then use AMP for the data and paper trading if need be
[09:50:32] <+Inertia> I use IB
[09:50:49] <+pat255> amp traders?
[09:50:57] <+rickf> yeah - only for paper though
[09:51:09] <+rickf> i only use TOS for live trading
[09:51:30] <+pat255> amp trdaers provide feed?
[09:51:54] <+rickf> it's zenfire ... i don't know if they charge for the feed when you go live or not
[09:52:05] <+rickf> but it's free for the 2 week trial, that much i know
[09:52:50] <+pat255> ty rick
[09:52:50] <+Inertia> I tried NT with Zenfire. data on steroids
[09:52:57] <+rickf> pat:
[09:53:14] <+rickf> only thikn I am missing at TOS is the ability to monitor the DAX on the platform
[09:53:29] <+pat255> TOS?
[09:53:33] <+rickf> thinkorswm
[09:53:44] <+pat255> k
[09:54:06] <+pat255> tos has fiturwes?
[09:54:13] <+rickf> their charts/data may not be as fast as other places,. but i am not scalping for ticks or trading on a tiny timeframe anymore
[09:54:15] <+pat255> futures i mean
[09:54:16] <+rickf> yes
[09:54:24] <+rickf> not a ton, but the basics - eminis, crude, gold, etc
[09:56:06] <+Inertia> inv higher than exp
[09:56:11] <+Inertia> whatever that means
[09:56:14] <+rickf> choppy morning
[10:00:16] <@wrbtrader> so far it's just "directional continuation" from yesterday's late afternoon price action
[10:00:38] <+pat255> y S are iffy it seems
[10:00:52] <+gabe> Shorts ES @ 1068.50
[10:06:03] <+gabe> Covered all ES Short @ 1068.50 --> 0
[10:06:35] <+gabe>
[10:06:36] <@wrbtrader> Shorts TF @ 620.00 -> small size
[10:06:45] <@wrbtrader> 2 only
[10:06:57] <+gabe> Shorts ES @ 1067.50
[10:08:18] <+gabe> Covered all ES Short @ 1067.00 --> + 0.5
[10:08:29] <+gabe> no patience
[10:11:26] <@wrbtrader> Covered all TF Short @ 619.40 --> + 0.6
[10:12:26] <+rickf> geez
[10:13:04] <+MrYinYangTrader> Shorts TF @ 619.4
[10:14:25] <+MrYinYangTrader> Covered all TF Short @ 619.4 --> 0
[10:15:00] <+gabe> Long ES @ 1069.
[10:15:37] <@wrbtrader> resistance broken
[10:16:07] <@wrbtrader> Long TF @ 620.50 -> small size
[10:16:11] <@wrbtrader> 3 only
[10:16:15] <@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[10:16:27] <@wrbtrader> intuition
[10:17:38] <+gabe> Exited all ES Long @ 1069.25 --> + 0.25
[10:17:52] <@wrbtrader> more pressure showed up
[10:18:57] <@wrbtrader> good fight so far...a little higher and we'll see a short squeeze above the 621.30
[10:19:02] <+gabe> should break now
[10:20:49] <+gabe> ;(
[10:21:23] <@wrbtrader> Exited 1/3 TF Long @ 622.00 --> + 1.5
[10:23:48] <@wrbtrader> Exited Remainder TF Long @ 621.50 --> + 1
[10:24:05] <+pat255> vn guys .
[10:24:17] <+pat255> not easy to trade @office distractions
[10:24:21] <+gabe> Shorts ES @ 1069.50
[10:27:26] <+gabe> Covered all ES Short @ 1069.00 --> + 0.5
[10:32:08] <@wrbtrader> higher lows since 0955am est
[10:35:13] <+JimL1> another tough uptrend to stay with b'cuz of the retrcmnts
[10:35:51] <+pat255> N i notice that u never S the top or high push same with the low side ..
[10:37:27] <+pat255> mostly u go by the trend? ENTER ON PULL BACKS OR PURELY wrb SETUPS
[10:37:40] <+pat255> sorry caps
[10:38:47] <@wrbtrader> The word "never" isn't accurate.
[10:38:58] <+pat255> y
[10:39:21] <+gabe> Shorts ES @ 1070.50
[10:39:29] <@wrbtrader> I do it sometimes but try to minimize my increased risk by lowering my position size or exiting a losing trade fast to minimize the loss (won't let the stop get hit).
[10:40:19] <+pat255> but as a new setup you dont do that
[10:40:47] <@wrbtrader> What do you mean as a "new setup"
[10:41:15] <+pat255> as a new trade by itself ...see a push high exhaust try to S it.
[10:41:48] <+gabe> Covered all ES Short @ 1069.50 --> + 1
[10:42:03] <+rickf>
[10:42:22] <@wrbtrader> You mean as my "first trade of the day"
[10:43:01] <+pat255> nope when you are looking for a setup ...see abig push up ...sort of exhaustion ..& look to S it
[10:43:56] <@wrbtrader> Correct...I need to see more than just "exhaustion" considering exhaustion could imply the price action is just trying to catch it's "second wind" before the continuation gets started again.
[10:44:28] <@wrbtrader> Right now it's obvious...higher highs and higher lows.
[10:44:44] <@wrbtrader> If I were to Short...I wouldn't hang around in those short positions too long
[10:44:49] <+pat255> k makes s ense . I need to be careful ..
[10:45:14] <+gabe> yep
[10:45:20] <@wrbtrader> Thus, the trend is obvious "upwards"...short positions are high risk but I won't ignore them...
[10:45:46] <@wrbtrader> Instead, I exited them fast if losers and I'll lower my position size
[10:46:05] <+pat255> k will watch your enrties & see if I can make sense ..
[10:46:32] <+pat255> y I have seen that in your trades thks
[10:47:11] <+pat255> cut losers very quick ..man TF it is so hard to do
[10:47:22] <+pat255> so stay away from it
[10:47:28] <@wrbtrader>
[10:48:00] <@wrbtrader> TF is tricky like a nasty dog...when it smiles and wags it's tale side by side...
[10:48:04] <@wrbtrader> It's gonna bite.
[10:49:40] <+pat255> yep well said ..
[10:49:41] <@wrbtrader> I grew up as a child with 2 attack dogs...the neighborhood was scared to death of them
[10:49:54] <+pat255> lol
[10:50:08] <+pat255> & you too
[10:52:46] <+MrYinYangTrader> Shorts TF @ 621.5
[10:52:48] <+gabe> Shorts ES @ 1068.25
[10:52:53] <@wrbtrader> Shorts TF @ 621.50 -> small size
[10:52:59] <@wrbtrader> 2 only
[10:53:05] <@wrbtrader> first lower high in awhile
[10:53:53] <@wrbtrader> support is too close
[10:54:07] <@wrbtrader> too bad I didn't see that earlier
[10:55:36] <@wrbtrader> geeesh
[10:55:54] <+gabe> Covered all ES Short @ 1068.00 --> + 0.25
[10:56:05] <+gabe> chickened out!
[10:56:35] <@wrbtrader> at support now
[10:56:47] <+gabe> so it would go down for you guys
[10:56:57] <@wrbtrader> Covered all TF Short @ 621.00 --> + 0.5
[10:57:37] <@wrbtrader> a lot of volatility contraction showing up now...
[10:57:52] <@wrbtrader> It's going to spike but I don't know which direction price will go.
[11:03:52] <+gabe> Shorts ES @ 1067.25
[11:03:54] <@wrbtrader> price action back at support
[11:08:38] <+gabe> Covered all ES Short @ 1067.00 --> + 0.25
[11:08:53] <+gabe> didn't like it
[11:09:23] <+gabe> looking for a faster break
[11:09:45] <+pat255> es is like that ..
[11:12:24] <+gabe> y
[11:12:58] <+pat255> k guys later ty all
[11:13:03] <+pat255> go to meeting
[11:14:51] <+gabe> ;(
[11:24:36] <+gabe> Shorts ES @ 1066.25
[11:26:22] <+gabe> Covered all ES Short @ 1066.75 --> - 0.5
[11:27:28] <+gabe> Long ES @ 1067.50
[11:29:46] <+gabe> Exited all ES Long @ 1067.50 --> 0
[11:42:11] <@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[12:00:14] <+rickf> back
[12:01:26] <+rickf> There is a new food joint next to the gym that serves surprisingly-good sushi-by-weight. I am so screwed.
[12:15:05] <@wrbtrader> I don't think too many traders have gone outside in the current "extreme heat levels" in NYC.
[12:15:30] <@wrbtrader> Thus, they must be spending their breaks inside where it's air condition.
[12:25:24] <+rickf> cant blame them!
[12:25:29] <+rickf> was 102F in DC this weke
[12:41:34] <@wrbtrader> Floor traders, institutional traders, hedge funds et cetera feel the heat too...folks behind them are humans also.
[12:41:54] <@wrbtrader> Wouldn't be surprise to hear about a fat finger mistake
[12:46:19] <+rickf> "the SELL button melted"
[13:13:54] <@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[13:30:49] <+rickf> geez not even 1M ES contracts moved so far
[13:36:08] <codehead> my long frame Ym pinching and starting to hook up
[13:36:35] <+codehead> very slow
[13:42:30] <@wrbtrader> Yes...range very tight on low volatility since 12noon est
[13:43:14] <@wrbtrader> Actually for some its been since 1125am est
[13:49:56] <+codehead> omg, YM has hit 10099 four times past couple hours
[13:49:57] <+Time4now> figures considering the lack of news today
[13:50:04] <+codehead> won't even tap 10100
[13:50:14] <+codehead> my long fram extremely pinched
[13:51:03] <+codehead> it's moving up, right at the crossover point to bullish
[13:51:23] <+codehead> volume sucky
[13:51:37] <+codehead> tapped 10100 finally, but nothing
[13:52:02] <+codehead> my longer frame ES is in up mode this candle
[13:52:19] <+codehead> NQ lagging the other a little
[13:53:53] <+codehead> ES closed the candle in bullish mode long frame
[13:54:26] <+codehead> if it can pop 1070, could get some buying
[13:54:58] <+codehead> might have to back off and take another run
[13:57:14] <+codehead> cci went into extreme
[14:42:32] <@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[14:48:08] <+Time4now> off it goes?
[14:59:36] <+codehead> short NQ 1808.75 <paper> 1810.25 stop
[15:00:32] <+codehead> exit half +1.00 <paper>
[15:03:03] <+codehead> exit remainder +1.25 <paper>
[15:03:18] <+codehead> toppy
[15:03:43] <+codehead> tick extremes, cci extremes, rsi extremes, and all hooked
[15:16:07] <@wrbtrader> Shorts TF @ 624.70 -> small size
[15:16:19] <@wrbtrader> 2 only - intuition
[15:16:49] <@wrbtrader> got back home around 3:15pm est
[15:22:16] <@wrbtrader> Covered all TF Short @ 624.90 --> - 0.2
[15:25:11] <@wrbtrader> Shorts TF @ 624.10 -> small size
[15:25:17] <@wrbtrader> 2 only
[15:25:19] <@wrbtrader> intuition
[15:32:35] <@wrbtrader> Covered all TF Short @ 624.30 --> - 0.2
[15:33:26] <@wrbtrader> Long TF @ 624.90 -> small size
[15:33:41] <@wrbtrader> late entry (chaser)
[15:33:48] <@wrbtrader> 2 only
[15:40:03] <@wrbtrader> Exited all TF Long @ 625.90 --> + 1
[15:40:33] <@wrbtrader> Early exit because I'm in the middle of what's suppose to be the biggest "thunderstorm" of the past several years.
[15:40:39] <@wrbtrader> Lightning everywhere...
[15:40:52] <@wrbtrader> Take care all...I'm calling it quits for the day.
[15:41:01] <+Time4now> seeya
[16:02:45] <codehead> bye
[16:11:10] <@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: Fri Jul 09 17:34:12 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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