#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 23 00:00:00 2010
Session Ident: #FuturesTrades
[00:14:32] <@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/forumSession Close: Fri Jul 23 00:32:31 2010
Session Start: Fri Jul 23 00:32:31 2010
Session Ident: #FuturesTrades
[00:32:31] * Disconnected
Session Close: Fri Jul 23 00:32:31 2010
Session Start: Fri Jul 23 08:31:06 2010
Session Ident: #FuturesTrades
[08:31:06] * Now talking in #FuturesTrades
[08:31:06] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:05:36] <@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[09:13:25] <rickf>
[09:13:51] <Time4now> Good morning
[09:16:35] <@wrbtrader> Big price movement downwards prior to the open.
[09:16:51] <@wrbtrader> I hope it doesn't take the energy out of the market the first few hours.
[09:18:05] <+rickf> wonder if the ECB stress test was partialyl leaked?
[09:20:22] <Sidhartha> no official figures today as far as I can can see...
[09:20:39] <+Sidhartha> (not talking about the stress tests)
[09:21:07] <+rickf> TOS squawk said he saw a headline flash about the stress test only looking at firms trading losses, but i've not confirmed that anywhere
[09:22:01] <+rickf> Hungary Credit Rating May Be Cut to Junk After IMF Talks Fail
[09:22:16] <+rickf> but who knows.....
[09:30:52] <drt>
all
[09:31:52] <+rickf> Bloomberg: EU Bank Stress Tests Apply Only to Traded Bond Portfolios, Document Shows
[09:31:58] <+rickf>
http://www.bloomberg.com/news/2010-07-2 ... shows.html[09:35:13] <@wrbtrader> Long TF @ 628.90 -> small size
[09:35:19] <@wrbtrader> 3 only
[09:36:14] <@wrbtrader> Exited 2/3 TF Long @ 630.30 --> + 1.4
[09:36:59] <@wrbtrader> Exited Remainder TF Long @ 629.40 --> + 0.5
[09:39:56] <+rickf> short es 1087.75
[09:39:58] <pat255>
all
[09:40:06] <+pat255> late @office
[09:40:19] <pdays> Long TF @ 630.1
[09:40:57] <+pdays> Exited all TF Long @ 630.4 --> + 0.3
[09:41:25] <@wrbtrader> Only key market event we have on the table in regular hours is the 12noon Bank Stress Test
[09:41:27] * Retrieving #FuturesTrades modes...
[09:41:59] <+pat255> thks n
[09:44:01] <+rickf> add 1090.75 short
[09:49:16] <+rickf> exit 1/2 88.50
[09:50:00] <+pat255> vn
[09:50:23] <@wrbtrader> Shorts TF @ 631.60 -> small size
[09:50:27] <@wrbtrader> 3 only
[09:50:42] <+rickf> exit remainder es 1087.50
[09:51:14] <+rickf> oops disregard
[09:51:55] <+rickf> flat at 1085.75
[09:52:04] <+rickf> fat-fingered a second sell order
[09:53:17] <+rickf> around +5 or so on that trade all told
[09:53:32] <+pat255> dang I was looking for L side
[09:53:45] <+rickf> thx pat
[09:54:10] <+rickf> i tweaked my DOM and screwed myself up ... thankfully it worked ok in the end
[09:55:21] <@wrbtrader> Covered all TF Short @ 631.10 --> + 0.5
[09:55:34] <@wrbtrader> late post
[09:57:16] <+pat255> was looking L 89.5 area did not atke it ...:0
[09:58:20] <@wrbtrader> Shorts TF @ 630.20 -> small size
[09:58:23] <@wrbtrader> 2 only
[09:58:35] <@wrbtrader> intuition (late entry)
[10:00:27] <+pat255> vn N
[10:00:55] <+pat255> lod here?
[10:01:03] <@wrbtrader> Covered all TF Short @ 628.80 --> + 1.4
[10:01:26] <Inertia>
http://my.jetscreenshot.com/demo/20100723-mzbg-57kb[10:03:15] <@wrbtrader> Long TF @ 629.40 -> small size
[10:03:20] <@wrbtrader> 2 only
[10:03:23] <@wrbtrader> intuition
[10:03:50] <@wrbtrader> Long TF @ 630.30 -> Add
[10:03:59] <@wrbtrader> 3 added
[10:06:29] <@wrbtrader> Exited TF Long @ 631.20 --> + 2.7
[10:06:33] <@wrbtrader> Holding 2 contract remainders
[10:06:41] <+pat255> vn
[10:07:03] <@wrbtrader> +0.9 on those 3 contracts...not +2.7
[10:13:28] <@wrbtrader> Exited Remainder TF Long @ 633.10 --> + 3.7
[10:14:30] <+Time4now> Surprising bit of good action this morning
[10:14:35] <+pat255> vn N
[10:14:39] <+rickf> wtg
[10:14:58] <+rickf> nice action but a bit unsettling to me
[10:15:23] <+pat255> biab
[10:15:25] <@wrbtrader> Yeah...the EU banks stress test usually (always actually) produces good price action.
[10:16:23] <+Inertia> OBAMA TO MAKE STATEMENT ON THE ECONOMY AT 12:05 PM EDT/1605 GMT - WHITE HOUSE [RTR]
[10:17:19] <+rickf> gentlemen....queue your shorts
[10:17:44] <@wrbtrader> U.S. markets loves that stuff especially when it involves "trading books" at the big banks.
[10:18:36] <@wrbtrader> Oh oh...there's that low volatility "persistant" crap showing up
[10:20:28] <+rickf> 3.25 points on that first trade, after all was said and done..... ended up with bigger profit due to the 'extra' shorts i did on the way down, but i'll take it
[10:20:48] <@wrbtrader> Shorts TF @ 633.00 -> small size
[10:20:53] <@wrbtrader> 1 only
[10:23:06] <@wrbtrader> Covered TF Short @ 633.50 --> - 0.5
[10:24:12] <+Time4now> break time
[10:25:29] <@wrbtrader> Long TF @ 634.10 -> small size
[10:25:32] <@wrbtrader> 2 only
[10:25:54] <@wrbtrader> intuition...got caught doing too much analysis
[10:32:13] <@wrbtrader> Exited all TF Long @ 637.30 --> + 3.2
[10:35:23] <+pat255> back
[10:35:36] <@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[10:35:39] <+pat255> N u will never S this kind of push?
[10:36:08] <@wrbtrader> I do but will 1 contract and with a tight stop (very tight)
[10:36:33] <@wrbtrader> However, need a trade signal for such...haven't seen one yet to get short in this recent push
[10:36:46] <+pat255> yes makes sense ...thks
[10:36:56] <+rickf> i am seeing short setups but leery of taking it given the action thus far
[10:37:09] <+pat255> y rick
[10:37:54] <@wrbtrader> Just got one but will be picky about my entry
[10:38:00] <@wrbtrader> If I miss it...so be it.
[10:38:21] <@wrbtrader> missed it
[10:39:36] <+rickf> back later -- gym time .... and groceries, before it gets too hot
[10:39:45] * rickf is now known as rickf_backlater
[10:42:17] <@wrbtrader> Shorts TF @ 637.20 -> small size
[10:42:21] <@wrbtrader> 1 only
[10:42:52] <@wrbtrader> Exited TF Long @ 637.50 --> + 0.3
[10:42:52] <@wrbtrader> Reverse and Enter Short TF @ 637.50
[10:43:00] <@wrbtrader> ooops
[10:43:14] <@wrbtrader> I'm Long and that's a -0.3 loss
[10:43:26] <@wrbtrader> Long TF @ 637.50 -> small size
[10:43:30] <@wrbtrader> 1 only
[10:44:28] <@wrbtrader> That persistant low volatility junk has shown up again
[10:46:37] <@wrbtrader> Exited TF Long @ 637.30 --> - 0.2
[10:48:28] <@wrbtrader> Long TF @ 637.70 -> small size
[10:48:36] <@wrbtrader> 2 only
[10:49:02] <@wrbtrader> intuition - higher lows in a low volatility price action now
[10:51:04] <@wrbtrader> Exited all TF Long @ 637.00 --> - 0.7
[10:51:58] <@wrbtrader> Still range bound on low volatility the past 15 mins
[10:54:29] <@wrbtrader> Shorts TF @ 636.60 -> small size
[10:54:34] <@wrbtrader> 3 only
[10:57:31] <@wrbtrader> Covered all TF Short @ 637.50 --> - 0.9
[10:58:37] <@wrbtrader> Last 4 trades (losers) within a 1.1 range
[10:59:15] <@wrbtrader> It's going to breakout soon
[10:59:58] <@wrbtrader> Shorts TF @ 636.30 -> small size
[11:00:02] <@wrbtrader> 3 only
[11:00:18] <@wrbtrader> volatility contraction support failed
[11:00:23] <@wrbtrader> breakout
[11:01:18] <@wrbtrader> come on...don't let TF back inside that killer range
[11:03:43] <@wrbtrader> Covered all TF Short @ 636.20 --> + 0.1
[11:04:12] <@wrbtrader> back inside
[11:05:28] <@wrbtrader> Long TF @ 637.00 -> small size
[11:05:33] <@wrbtrader> 2 only
[11:05:35] <@wrbtrader> intuition
[11:07:41] <@wrbtrader> top of the range
[11:08:07] <+Inertia> right now I am using 1.53Gig with about 27 charts and 5 different progs
[11:08:11] <@wrbtrader> may get lucky and get a breakout of the range at the top
[11:08:36] <+Inertia> sorry, wrong window
[11:09:56] <+Inertia> currency pairs not in sync so direction is ambiguous
[11:12:02] <+Inertia> oil is plunging
[11:12:23] <+Inertia> PLUNGING - don't u like the sound of the word?
[11:12:49] <+Inertia> no we r in sync on everything
[11:33:50] <@wrbtrader> Be back later (got distractions here at home)...will post late trade result
[11:34:01] * wrbtrader is now known as wrbtrader_away
[11:40:28] <codehead> NQ had a nice bounce at .618, exact
[11:58:54] <+codehead> news time
[11:59:06] * rickf_backlater is now known as rickf
[11:59:27] <+Time4now> yep
[12:03:08] <+rickf> Portuguese Banks Pass Stress Test, as Do All German Banks Except HRE, France Top 4 Banks Pass
[12:05:37] <@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[12:07:18] <+rickf> very muted reaction
[12:10:25] <+rickf> back later
[12:44:09] * wrbtrader_away is now known as wrbtrader
[12:44:29] <@wrbtrader> just got back...late post
[12:44:47] <+Time4now> missed a lot of chop
[12:44:49] <@wrbtrader> Exited all TF Long @ 636.50 --> - 0.5
[12:53:53] <@wrbtrader> Long TF @ 636.40 -> small size
[12:53:58] <@wrbtrader> 2 only
[12:54:05] <@wrbtrader> intuition
[13:01:00] <@wrbtrader> Exited all TF Long @ 638.20 --> + 1.8
[13:04:42] <+codehead> NQ and ES both exact on the .500 bounce
[13:23:43] <@wrbtrader> volatility still increasing
[13:23:57] <@wrbtrader> since 1310pmest
[13:28:32] <@wrbtrader> missing this big up movement...
[13:28:47] <@wrbtrader> We just got hit with a "big" earthquake
[13:29:10] <@wrbtrader> everybody outside talking...big crack in the street
[13:29:14] <@wrbtrader> be back later
[13:32:37] <@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[13:33:39] <+rickf> back
[14:05:19] <@wrbtrader> Long TF @ 647.40 -> small size
[14:05:23] <@wrbtrader> 2 only
[14:05:45] <@wrbtrader> a little late due to some earthquake distractions here in my area
[14:08:03] <+rickf> looking to short, but not at at 1100 area ... too easy to game this level
[14:08:09] <@wrbtrader> Exited all TF Long @ 648.10 --> + 0.7
[14:09:17] <@wrbtrader> right back where I started +23 points prior to those 4 consecutive losses earlier today
[14:13:36] <+rickf> ok, now i'm looking long
[14:15:29] <@wrbtrader> 646.00 an obvious support level right now
[14:16:12] <@wrbtrader> Long TF @ 646.50 -> small size
[14:16:17] <@wrbtrader> 2 only
[14:16:19] <@wrbtrader> intuition
[14:23:44] <@wrbtrader> Exited all TF Long @ 645.60 --> - 0.9
[14:23:56] <@wrbtrader> Shorts TF @ 645.30 -> medium size
[14:24:02] <@wrbtrader> 4 only
[14:24:18] <@wrbtrader> wasn't convinced about the support break
[14:24:49] <@wrbtrader> took awhile for me to believe it...costing me about 4 ticks on a good entry on the retrace
[14:27:30] <+rickf> yawn.
[14:31:14] <@wrbtrader> just got a strange price spike of the SPY down to 108.30
[14:31:18] <@wrbtrader> must be a data error
[14:32:07] <@wrbtrader> enough to freeze me in TF into thinking TF would follow
[14:32:49] <@wrbtrader> Covered all TF Short @ 646.20 --> - 0.9
[14:32:54] <@wrbtrader> punks
[14:36:43] <@wrbtrader> Shorts TF @ 645.30 -> medium size
[14:36:48] <@wrbtrader> 4 only
[14:36:52] <@wrbtrader> same trade as prior
[14:39:29] <@wrbtrader> stop tighten
[14:40:05] <@wrbtrader> Covered all TF Short @ 645.60 --> - 0.3
[14:41:06] <@wrbtrader> Long TF @ 645.90 -> medium size
[14:41:11] <@wrbtrader> 4 only
[14:42:28] <@wrbtrader> geeesh...another SPY false spike down
[14:50:21] <@wrbtrader> Exited 1/4 TF Long @ 647.10 --> + 1.2
[14:50:40] <+rickf> feel like i'm in no-mans-land here on the ES
[14:53:13] <+rickf> same afternoon action like yesterday ... tight range since 1330
[14:55:21] <@wrbtrader> Exited 1/4 TF Long @ 648.10 --> + 2.2
[14:57:02] <@wrbtrader> volatility slowly increasing on the 5min chart
[14:57:19] <@wrbtrader> Thus, still waiting for that volatility spike to exit my entire remaining position
[15:01:05] <@wrbtrader> trailing @ profit
[15:01:18] <+rickf> last hour
[15:02:38] <@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[15:03:11] <@wrbtrader> Exited Remainder TF Long @ 646.20 --> + 0.3
[15:08:54] <+rickf> instinct says lower on the ES
[15:09:01] <+rickf> fwiw saying
[15:26:37] <+rickf> not a big chart pattern person but is that a h/s forming on the ES 5min?
[15:32:05] <+Inertia> this descriptions of chart patterns look sometimes like cloude or ink images in psych tests
[15:32:15] <+rickf> which is why i don't use 'em
[15:32:25] <+rickf> i just noticed it
[15:32:25] <+Inertia> neither do I
[15:32:39] <+Inertia> but I like to find images in cloud formations
[15:32:54] <+rickf> staring at the charts this week can do that to you....lol
[15:33:02] <+Inertia>
)))
[15:38:55] <+Inertia> i bet many traders r being chopped to pieces
[15:39:01] <+rickf> yeH
[15:39:37] <+rickf> 2 years ago i'd have been one of 'em
[15:42:30] <+Inertia> I am still one of them but very rarely
[15:43:16] <+Inertia> RF u r doing very well these past few days
[15:44:08] <+rickf> ty
[15:44:24] <+rickf> think i am finally coming into my own comfortably
[15:44:45] <@wrbtrader> Long TF @ 646.30 -> small size
[15:44:51] <@wrbtrader> 2 only
[15:44:54] <@wrbtrader> intuition
[15:44:55] <+Inertia> it was an observation , not a complement, but u r welcome
[15:45:09] <+rickf> no worries
[15:45:09] <@wrbtrader> trying to catch that increasing volatility spike off reaction low
[15:47:20] <+Inertia> would u say Mark that all your trades today had roughly the same probability of success (regardless of the outcome)?
[15:51:01] <@wrbtrader> Exited all TF Long @ 648.60 --> + 2.3
[15:51:16] <@wrbtrader> Inertia...ask me that question on Monday
[15:51:21] <+rickf> oneof your best days in a long time i think wrbtrader
[15:51:29] <+rickf> point-wise i think
[15:51:33] <@wrbtrader> I need to head out the door here soon.
[15:51:51] <@wrbtrader> rickf...it's close to the best day of the month
[15:52:07] <+rickf>
[15:52:17] <@wrbtrader> Take care all...more at home distractions
[15:52:20] <+rickf> cya
[15:52:24] * wrbtrader is now known as wrbtrader_away
[15:56:48] <+rickf> blergh. boring way to end the week
[15:56:56] <+rickf> at least the morning was good
[15:57:27] <+rickf> have a good w/e everyone
[15:58:24] <+Inertia> bye
[16:32:38] <@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/forumSession Close: Fri Jul 23 22:04:58 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
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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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