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 Post subject: July 15th Thursday - Futures, ETFs and Forex Currencies
 Post Posted: Mon Jul 19, 2010 5:06 pm 
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Trader / Forum Admin

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 Jul 15 09:24:58 2010
Session Ident: #FuturesTrades
[09:24:58] * Now talking in #FuturesTrades
[09:24:58] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:27:53] <rickf> gmall
[09:28:34] <Time4now> morning
[09:29:33] <Inertia> good morning
[09:38:49] <@wrbtrader> Long TF @ 637.50 -> small size
[09:38:54] <@wrbtrader> 3 only
[09:39:01] <@wrbtrader> there's that funky chop again
[09:39:42] <@wrbtrader> Exited all TF Long @ 636.60 --> - 0.9
[09:40:02] <@wrbtrader> Shorts TF @ 636.30 -> medium size
[09:40:06] <@wrbtrader> 4 only
[09:40:21] <@wrbtrader> should'uv put my head gear on before the Long position
[09:40:24] <@wrbtrader> :)
[09:41:35] <@wrbtrader> Covered all TF Short @ 636.10 --> + 0.2
[09:44:53] <@wrbtrader> Shorts TF @ 635.60 -> small size
[09:44:57] <@wrbtrader> 3 only
[09:44:59] <@wrbtrader> intuition
[09:45:05] <compx> good morning everyone
[09:45:28] <+rickf> welcome
[09:45:38] <+compx> thank you.
[09:46:34] <@wrbtrader> Covered all TF Short @ 636.20 --> - 0.6
[09:47:21] <@wrbtrader> Long TF @ 636.20 -> large size
[09:47:43] <@wrbtrader> 3+ 3
[09:47:48] <+rickf> looking short from 1090 if it gets there
[09:52:54] <@wrbtrader> Exited 1/2 TF Long @ 636.70 --> + 0.5
[09:53:11] <@wrbtrader> Exited Remainder TF Long @ 636.20 --> 0
[09:53:16] <@wrbtrader> punks
[09:54:19] <@wrbtrader> Long TF @ 636.70 -> small size
[09:54:22] <@wrbtrader> 3 only
[09:54:24] <+rickf> philly fed mins at 10
[09:54:30] <@wrbtrader> intuition in reaction to prior trade
[09:54:31] <+rickf> er report, not minutes
[09:54:50] <+Inertia> in 5 not 10 :)
[09:55:01] <+Inertia> sorry
[09:55:07] <+Inertia> did not c the AT
[09:55:16] <+Inertia> rf is right
[09:55:18] <+rickf> you: go. get. more. coffee. :)
[09:55:52] <+Inertia> I am still under the influence of a HUGH loss from yesterday and did not quiet regain composure
[09:56:20] <+rickf> short es 1089
[09:56:44] <+Inertia> quite not quiet
[09:57:29] <+rickf> exit es 1087.50 +1.50
[09:57:48] <+rickf> would have held if there wasn't news coming
[09:59:22] <@wrbtrader> tighten stop
[10:00:10] <@wrbtrader> Exited all TF Long @ 636.00 --> - 0.7
[10:00:18] <@wrbtrader> geeesh
[10:00:23] <+rickf> sigh. :(
[10:01:04] <@wrbtrader> Shorts TF @ 634.40 -> medium size
[10:01:09] <@wrbtrader> 4 only
[10:01:20] <@wrbtrader> intuition
[10:01:40] <@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
[10:02:01] <+rickf> philly fed 5.1 .... prior was 8, they expected 12
[10:02:04] <+rickf> damn
[10:03:00] <@wrbtrader> Covered all TF Short @ 634.00 --> + 0.4
[10:03:22] <@wrbtrader> sidelines
[10:03:33] <@wrbtrader> my trails today so far have been killed
[10:04:51] <@wrbtrader> First short of the day was 636.30 and it was a key trade for me...
[10:05:07] <@wrbtrader> The trail got picked pocketed for only 0.20 ticks
[10:06:50] <@wrbtrader> TF and ES needs to drop more before reaching another key price area
[10:07:53] <@wrbtrader> Shorts TF @ 631.20 -> medium size
[10:07:56] <@wrbtrader> 4 only
[10:07:59] <@wrbtrader> intuition
[10:08:12] <@wrbtrader> key price area...next one about a point below
[10:10:41] <+rickf> is the problem w/news ... if you're right ahead of the news and get out to be safe, you're likely going to miss a nice winner
[10:10:57] <@wrbtrader> Covered 3/4 TF Short @ 628.00 --> + 3.2
[10:11:00] <+rickf> 1.5 versus 6+ points. Oh well, there's always another trade
[10:11:29] <@wrbtrader> IWM just reached that GAP area on Tuesday
[10:12:30] <@wrbtrader> tight trail @ profit
[10:16:47] <@wrbtrader> volatility contracting...
[10:16:58] <@wrbtrader> I'm now expecting another volatility spike
[10:17:51] <@wrbtrader> Covered Remainder TF Short @ 625.00 --> + 6.2
[10:17:57] <+rickf> vn
[10:18:10] <@wrbtrader> That's an early exit...
[10:18:42] <@wrbtrader> be back later...got some family distractions here (grandparents showed up)
[10:18:49] * wrbtrader is now known as wrbtrader_away
[10:27:45] * wrbtrader_away is now known as wrbtrader
[10:29:25] <@wrbtrader> Surely I can't be the only one trading today after a big price drop like that
[10:30:57] <@wrbtrader> volatility contracting again
[10:31:15] <+rickf> nope - waiting for more retracement to short again
[10:32:23] <@wrbtrader> Shorts TF @ 626.80 -> small size
[10:32:30] <@wrbtrader> 1 only
[10:32:51] <@wrbtrader> intuition via re-entering the 1 contract remainder I had did an early out on
[10:33:24] <@wrbtrader> tight trail because TF built a support level off that bottom
[10:35:04] <@wrbtrader> contraction again :(
[10:35:10] <@wrbtrader> not in a good area
[10:35:24] <@wrbtrader> Covered TF Short @ 626.70 --> + 0.1
[10:37:06] <+rickf> Last Week's rally was short-covering, according to ICI --- http://www.ici.org/research/stats/flows/flows_07_14_10
[10:37:17] <+rickf> biggest outflows of mutual funds this year by far
[10:37:28] <@wrbtrader> Long TF @ 627.30 -> small size
[10:37:32] <@wrbtrader> 2 only
[10:37:50] <+rickf> looking to short from 1082-ish
[10:40:02] <+Inertia> rf, all these sites and people who express an opinion should b used as entertainment only
[10:40:22] <+Inertia> if they would know what they r talking about they would not be talking about it
[10:40:26] <+rickf> i make no claims, i jus tpass it along
[10:40:48] <+rickf> though while ZH may opine/comment, i will go to the data source to make my own determination
[10:41:30] <@wrbtrader> Exited all TF Long @ 627.40 --> + 0.1
[10:41:48] <@wrbtrader> back to back trailing stop hits :(
[10:43:24] <codehead> ES bounced gap fill, Ym got within 2 ticks
[10:45:15] <+rickf> back later
[11:09:10] <@wrbtrader> low volatility price action since 1025am est
[11:12:41] <@wrbtrader> In contrast...the EuroFX 6E or Forex EurUsd have been moving higher (strongly) most of the trading day soon after 3am est this morning
[11:28:04] <+compx> i work 3am-4pm est. was here, but all alone :( lol
[11:31:40] <@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
[11:58:53] * wrbtrader is now known as wrbtrader_lunch
[13:01:41] <@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
[13:20:41] <+rickf> short es 1086
[13:28:31] * Looking up compx user info...
[13:31:48] <Sidhartha> difficult shorting this
[13:34:20] <+Sidhartha> past tense
[13:35:44] <+rickf> out 1085 +1
[13:36:13] <+rickf> meh. :(
[14:01:17] <JimL1> I'm too bleeping slow, missed again, need a bounce back up ;<
[14:09:37] <+JimL1> big fight right here to hold swing pt
[14:28:42] <@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
[14:34:59] * wrbtrader_lunch is now known as wrbtrader
[14:35:51] <+Time4now> I've been testing new trading platforms.. my head hurts
[14:38:29] <+Inertia> which ones?
[14:38:56] <+Time4now> bestdirect and light speed
[14:39:57] <+Inertia> and?? which one do u like?
[14:40:06] <+Time4now> neither :/
[14:40:25] <+Inertia> what r u using now?
[14:40:37] <+Time4now> global futures
[14:41:03] <+Time4now> they are ok, just looking to expand my capabilities
[14:41:25] <+Inertia> they have the lowest margins as far as I could find
[14:41:32] <+Inertia> that scares me
[14:41:41] <+Inertia> how safe is my $ with them
[14:41:57] <+Inertia> if they miss-calcualte and blow up
[14:42:14] <+Time4now> i c
[14:42:36] <+Inertia> miscalculate (MISS calculate is someone else) :)
[15:09:44] <+rickf> long es 1084
[15:15:04] <+rickf> out 1083 -1 (late)
[15:15:37] <+rickf> options expiry tomorrow
[15:31:46] <+JimL1> somebody turned the buy comptrs on
[15:32:30] <+rickf> suspect they want to close flat going into options expiration
[15:33:19] <+rickf> that was the spike up i was looking for, just got in too early. :(
[15:35:43] <+rickf> SEC 'significant announcement' at 4:45 ET
[15:36:11] <+rickf> rumor is it has to do with Goldman .... which is heading up big
[15:41:22] <@wrbtrader> I just got back from some personal stuff !
[15:42:14] <+Time4now> Why the "!" ?
[15:44:14] <+rickf> BP stopped the oil leak
[15:44:22] <+Time4now> ha
[15:44:45] <+Time4now> oh, that wasn't a joke
[15:47:07] <+rickf> oh - it was for the flow test ... not permanent. test so far so good, i guess
[15:48:33] <+rickf> fyi will be out tomorrow morning - meetings
[15:58:42] <@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
[16:06:26] <+rickf> see ya tomorrow
[16:21:52] <@wrbtrader> Take care all...no trading for me in the p.m. trading session (too busy with personal stuff).
[16:21:58] <@wrbtrader> See all tomorrow
[16:22:05] * wrbtrader is now known as wrbtrader_away
[17:25:43] <@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 Jul 15 18:41:05 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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