#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: Wed Jul 21 07:10:21 2010
Session Ident: #FuturesTrades
[07:10:21] * Now talking in #FuturesTrades
[07:10:21] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[08:12:38] <@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[09:17:03] <rickf>
[09:17:13] <pat255>
N rick
[09:18:50] <+rickf> Bernanke on the Hill at 0930 hearing
[09:19:01] <+rickf> oops
[09:19:08] <+rickf> sorry, 1400 today, 0930 tomorrow
[09:27:07] <drt>
everyone
[09:28:59] <@wrbtrader> Hmmm...my clock saids 0928am but the exchange traded funds have just open
[09:29:00] <@wrbtrader> weird
[09:29:09] <@wrbtrader> now 0929am
[09:29:19] <@wrbtrader> those ETF don't open until 0930am
[09:31:59] <+rickf> long es 1084
[09:32:43] <@wrbtrader> Shorts TF @ 626.30 -> small size
[09:32:47] <@wrbtrader> 3 only
[09:32:50] <@wrbtrader> intuition
[09:35:09] <@wrbtrader> Shorts TF @ 626.80 -> Add
[09:35:14] <@wrbtrader> 3 added
[09:37:29] <@wrbtrader> Covered 1/2 TF Short @ 624.70 --> + 2.1
[09:38:20] <pdays> Shorts TF @ 625.8
[09:38:38] <+pdays> Covered all TF Short @ 624.2 --> + 1.6
[09:38:44] <@wrbtrader> Covered TF Short @ 623.30 --> + 3
[09:38:47] <@wrbtrader> Holding 1 contract remainder
[09:38:50] <+rickf> out at 1082 -2 on that (late)
[09:38:53] <+pat255> vn start N
[09:39:01] <+rickf> only 1 ct thankfully
[09:39:58] <@wrbtrader> exit stop lowered TF @ 624.90
[09:43:38] <+pat255> geez missed Es S distraction @ office ..was looking for it
[09:43:52] <@wrbtrader> Covered TF Short @ 624.90 --> + 1.4
[09:43:52] <@wrbtrader> Reverse and Enter Long TF @ 624.90
[09:44:18] <@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[09:44:47] <@wrbtrader> Exited TF Long @ 624.10 --> - 0.8
[09:47:08] <@wrbtrader> Shorts TF @ 623.50 -> medium size
[09:47:12] <@wrbtrader> 4 only
[09:47:30] <@wrbtrader> intuition
[09:49:12] <@wrbtrader> Covered 1/2 TF Short @ 621.10 --> + 2.4
[09:50:08] <@wrbtrader> Covered Remainder TF Short @ 622.40 --> + 1.1
[09:50:29] <@wrbtrader> Long TF @ 622.00 -> small size
[09:50:33] <@wrbtrader> 2 only
[09:51:46] <@wrbtrader> Exited all TF Long @ 621.30 --> - 0.7
[09:52:14] <@wrbtrader> another support failure
[09:52:23] <+pat255> y
[09:52:56] <@wrbtrader> first signal of the day and it fails
[09:53:18] <@wrbtrader> need to be ready just in case it was just a stop runner...need to jump back in
[09:54:08] <@wrbtrader> Long TF @ 620.60 -> small size
[09:54:12] <@wrbtrader> 3 only
[09:54:22] <@wrbtrader> intuition in reaction to the price signal failure
[09:55:36] <@wrbtrader> Exited all TF Long @ 620.00 --> - 0.6
[09:55:40] <Inertia>
http://my.jetscreenshot.com/demo/20100721-da1q-53kb[09:55:56] <+Inertia> testing this screencapture program
[09:56:00] <@wrbtrader> it put up a good fight but the downside pressure resurfaced again
[09:56:48] <+Inertia> got the direction right but closed too soon
[09:57:41] <@wrbtrader> Long TF @ 620.60 -> small size
[09:57:45] <@wrbtrader> 3 only
[09:57:49] <@wrbtrader> same trade as the prior
[09:58:40] <@wrbtrader> geeesh...stalling again
[09:59:36] <@wrbtrader> Exited all TF Long @ 620.60 --> 0
[10:00:12] <@wrbtrader> Shorts TF @ 619.90 -> small size
[10:00:16] <@wrbtrader> 2 only
[10:01:23] <@wrbtrader> Covered all TF Short @ 619.60 --> + 0.3
[10:02:10] <@wrbtrader> getting tougher to get profits = volatility is declining fast
[10:05:48] <@wrbtrader> Shorts TF @ 619.40 -> small size
[10:05:52] <@wrbtrader> 2 only
[10:06:04] <@wrbtrader> intuition because late into the trade
[10:06:52] <@wrbtrader> Covered all TF Short @ 619.60 --> - 0.2
[10:08:11] <@wrbtrader> It's one of those "persistant" low volatility price actions.
[10:08:51] <+rickf> short es 1078.50
[10:08:55] <@wrbtrader> Long TF @ 620.10 -> small size
[10:08:59] <@wrbtrader> 2 only
[10:09:01] <@wrbtrader> intuition
[10:09:56] <+rickf> out 79.50 -1
[10:10:01] <+rickf> sheesh
[10:11:19] <@wrbtrader> Exited all TF Long @ 621.40 --> + 1.3
[10:11:33] <@wrbtrader> sidelined
[10:11:56] <@wrbtrader> will wait for the 1020am est price reaction to the pending 1030am est EIA Petroleum Status Report
[10:17:20] <+rickf> short es 1081.50
[10:18:09] <+rickf> exit es 1080.25 +1.25
[10:24:16] <+Inertia> [10:13:31] <wrbtrader> will wait for the 1020am >>> is the 1020 a typo? if not, why is 1020 of significance?
[10:26:55] <+rickf> it can get choppy going into the numbers i think
[10:27:15] <+Inertia> yes but a lot can happen in 10 min
[10:27:31] <+Inertia> I would wait until AFTER the news to make a move not set a time b4 it
[10:27:42] <+pat255> it prolly is typo
[10:27:42] <+rickf> i think that's his plan
[10:27:46] <+rickf> it usually is
[10:27:48] <@wrbtrader> Oil exchange traded funds has a nice support level.
[10:27:53] <@wrbtrader> just failed
[10:28:56] <@wrbtrader> Shorts TF @ 622.70 -> small size
[10:29:07] <@wrbtrader> 2 only
[10:29:43] <@wrbtrader> intuition because of that persistant low volatility I've been trading in for awhile now
[10:30:22] <+Inertia> inc in oil inv
[10:30:59] <+Inertia> next news item is Bernanke talking @ 2PM EST
[10:31:49] <@wrbtrader> Covered all TF Short @ 622.50 --> + 0.2
[10:31:55] <@wrbtrader>
[10:32:42] <@wrbtrader> I knew it was a fear exit prior to clicking the button
[10:38:48] <+Inertia>
http://my.jetscreenshot.com/demo/20100721-mphs-39kb chickened out again b/c of the prior loss
[10:39:07] <@wrbtrader> Long TF @ 620.70 -> small size
[10:39:11] <@wrbtrader> 2 only
[10:40:07] <@wrbtrader> stalled again
[10:40:16] <@wrbtrader> tighten stop
[10:47:00] <@wrbtrader> Exited all TF Long @ 620.80 --> + 0.1
[10:47:10] <@wrbtrader> gave up...sidelned
[10:50:05] <+rickf>
-- gym time
[10:59:50] <+Inertia> lost connection in the middle of a trade
[10:59:58] <+Inertia> this is shortening my lifew
[11:02:02] <+Inertia>
http://my.jetscreenshot.com/demo/20100721-g5k1-48kb[11:10:12] <@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[11:12:34] <+Inertia>
http://my.jetscreenshot.com/demo/20100721-cwug-48kb[11:15:49] <codehead> long NQ 1828.50
[11:16:35] <+codehead> exit NQ +.25
[11:17:17] <+codehead> long NQ 1827.75
[11:17:22] <+codehead> 1 pt stop
[11:18:41] <+codehead> exit NQ +2.25
[11:37:00] <werner> hi all
[11:37:40] <+Inertia>
http://my.jetscreenshot.com/demo/20100721-y03e-50kb[11:37:45] <+Inertia> hi werner. how r u?
[11:38:46] <+werner> not good ...i have a hernia for 10 weeks now...next week i have a mri scan
[11:39:24] <+werner> i cant sit or walk ...
[11:41:36] <+Inertia> i thought u had surgery....
[11:41:45] <+werner> not yet
[11:41:56] <+Inertia>
[11:42:07] <+werner> first therapie
[11:42:15] <+werner>
[11:43:21] <+werner> thnx for your interest
[11:43:55] <+Inertia> i hope u get well soon
[11:44:04] <+werner> tx
[11:44:24] <+rickf> back
[11:44:44] <+rickf> hi werner!
[11:46:17] <+rickf> sheesh - not had such a workout high like this in years. flashing back to company spirit runs back in the 90s....not gonna trade until the pm session
[11:49:33] <+werner> hi rickf..long time ago
[11:49:34] <+rickf> < -- sidelined
[11:49:58] <+rickf> obama signing financial reform bill
[11:50:04] <+rickf> er "reform" bill
[11:52:02] <+werner> rickf ... how is trading?
[11:52:38] <+rickf> stable to pretty good .... much more disciplined on my entries, tho i need to get over the early-exit tendency
[11:52:52] <+rickf> 1.5pts is nice but i leave 4+ more often than not
[11:52:56] <+rickf> how are you doing?
[11:53:45] <+Inertia> [11:52:52] <rickf> i need to get over the early-exit tendency >>> that is the wolly grail (and getting out quickly of the losers)
[11:53:58] <+Inertia> holy not wolly
[11:54:24] <+rickf> the holy grail is risk management.....so i'm doing ok there, i just need to loosen up a bit and let the profits develop more
[11:58:34] <+werner> rickf..before i had the hernia was trading good ...but a am not trading for a week or 10 now...just only one or two i can
[11:58:57] <+werner> if i can
[11:59:01] <+rickf> dont feel badk - i've not been trading much this summer myself due to work and family stuff
[11:59:30] <+rickf> then i'd come back, watch the market for a day or two, then just as i was ready to go back live, i'd have something else come up to keep me out of the market
[11:59:38] <+werner> indd the market is not running away
[12:00:02] <+rickf> i don't worry -- my trading mantra is "there's always another trade"
[12:00:14] <+werner> yep
[12:12:28] <+codehead> 1081.25 ES res
[12:14:50] <+codehead> 1843.50 on NQ
[12:16:06] <+werner> i see codehead ..all ses charts
[12:16:26] <+codehead> a symmetry at 1842.00 ahead of it
[12:16:31] <+codehead> seems to be getting stuck there
[12:16:51] <+werner> yep can be
[12:17:13] <+codehead> 1843.50 is .500 and 1.272
[12:17:36] <+werner> ok
[12:18:04] <+codehead> ghost on 3 min cci on ES
[12:18:11] <+codehead> triggered
[12:20:16] <+werner>
[12:20:29] <+werner> maybe ...
[12:36:26] <+codehead> .500 tapped
[12:36:28] <+codehead> on ES and NQ
[12:38:46] <@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[12:42:11] <+codehead> ES was a real good bet at 1081.25, but didn't have me orde rin place in advance
[12:42:18] <+codehead> prev top area, and .500
[12:44:43] <+rickf>
[12:55:11] <+codehead> 1838 first support
[13:05:01] <+codehead> bounced it
[13:09:30] <+werner> Shorts NQ @ 1841.25
[13:16:10] <+werner> stops are in ..
[13:25:48] <+rickf> back
[13:29:03] <+rickf> short es 1080.50
[13:37:31] <+rickf> exit es 1080 +.50
[13:38:28] <+rickf> still beearish but not gonna risk a vol spike up here
[13:51:12] <+werner> Covered all NQ Short @ 1844.25 --> - 3
[13:57:28] <+werner> Shorts NQ @ 1845.25
[13:58:36] <+werner> Shorts NQ @ 1844.25 -> Add
[13:59:55] <+werner> Covered all NQ Short @ 1841.25 --> + 7
[14:00:05] <Sidhartha> nice
[14:00:14] <+werner> tx
[14:00:43] <@wrbtrader> Shorts TF @ 622.00 -> small size
[14:00:48] <@wrbtrader> 2 only
[14:00:55] <@wrbtrader> chasing a little
[14:01:24] <+rickf> dangerous range -- 3 point range all day
[14:01:39] <@wrbtrader> tighten stop
[14:02:08] <+werner> wow
[14:02:22] <+Sidhartha> news...
[14:02:32] <+werner> fed?
[14:02:35] <+Sidhartha> bernanke
[14:02:36] <@wrbtrader> Covered all TF Short @ 619.90 --> + 2.1
[14:02:40] <+Sidhartha> speaking
[14:02:42] <@wrbtrader> geessh
[14:02:47] <@wrbtrader> spike down out of nowhere
[14:03:02] <+werner> nice wrbtrader
[14:03:11] <+rickf> vn
[14:04:01] <+werner> pff ..
[14:04:02] <+rickf> "economic outlook is 'unusually uncertain'" - bernanke
[14:06:06] <@wrbtrader> Ahhh...the Bernanke speech did it.
[14:06:47] <+rickf> roger that
[14:06:55] <+rickf> was bearish on unemployment too
[14:07:35] <+Inertia> so now the market will go up b/c people will interpret this as "it cannot be MUCH worse"
[14:08:41] <+rickf> GDP projections downward thru 2012
[14:08:57] <+rickf> lotta uncertainty-to-bearishness i gather
[14:10:10] <+Inertia> somebody should call him to the phone....
[14:10:36] <@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[14:10:43] <+rickf> ooops - HIGHER unemployment projected
[14:11:51] <+Sidhartha> low interest rates for a long time I guess
[14:12:23] <+rickf> probaly
[14:15:01] <+rickf> WaPo on Bernake speech:
http://www.washingtonpost.com/wp-dyn/co ... 79_pf.html[14:18:16] <+rickf> if i wasn't burned on this morning's intuition trades i'd consider a long here at 1070 - but bernake news spooked everyone
[14:20:35] <+rickf> which is why i didn't take it -- 1068.50 now lol
[14:31:20] <+rickf> short es 1067
[14:33:37] <+Inertia>
http://my.jetscreenshot.com/demo/20100721-as1m-38kb[14:35:30] <+rickf> exit es 1065.50 +1.50 (late)
[14:50:01] <+Inertia>
http://my.jetscreenshot.com/demo/20100721-lmei-41kb[14:52:06] <+Inertia> I am so scared of giving back my profits that I am closing each trade too quickly and without any reason
[14:53:03] <+rickf> understandable
[14:53:27] <+Inertia> at least I am up
[14:53:35] <+Inertia> 13T 8W 5L
[14:54:58] <+rickf> "stand up....."
[14:55:04] <+rickf> "hook up...."
[14:55:09] <+rickf> "equipment check..."
[14:55:13] <+rickf> "Stand int he door...."
[14:59:00] <+rickf> though in this case, 'red light' means 'jump'
[14:59:52] <+rickf> last hour
[15:15:02] <+rickf> short es 1067
[15:19:32] <+rickf> stop at 1065
[15:19:47] <+rickf> exit es 1063 +4
[15:32:53] <+werner> vn rickf
[15:32:57] <+werner> gn all
[15:32:59] <+rickf> ty werner
[15:33:02] <+rickf> gn
[15:36:25] <@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[15:39:13] <JimL1> Shorts TF @ 611.5 «« simulator »»
[15:39:15] <+JimL1> 1
[15:39:51] <+JimL1> exit stop set TF @ 611.2 «« simulator »»
[15:39:59] <+JimL1> Trailing Stop Hit TF @ 611.2 --> + 0.3 «« simulator »»
[15:41:29] <+JimL1> no followthru, have to move tight trlg stops
[15:41:40] <+rickf> yeah - chopping around since 1445
[15:42:36] <+JimL1> yeah i see that, just sat dwn & saw a potential bottom brk no luck
[15:43:26] <+rickf> another inside bar on the 5m....this is getting old.
[15:50:02] <+JimL1> untill any of these eminis break a orev swngpt & starts forming new pivot its futile & very risky to take any positons, unless you scalp trail & take profits inside the swngpt
[15:50:15] <+JimL1> oprev =prev
[15:51:41] <+JimL1> may break out of the range @ close, but only wrbtrader seems to pick those plays correctly
[17:08:13] <@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: Wed Jul 21 21:52:29 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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