#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: Mon Jul 26 09:29:28 2010
Session Ident: #FuturesTrades
[09:29:28] * Now talking in #FuturesTrades
[09:29:28] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:30:30] <rickf>
[09:31:13] <pat255>
all
[09:31:33] <+pat255> still stuck @office these days
[09:36:15] <pdays> Shorts TF @ 651.8
[09:36:28] <+pdays> Covered all TF Short @ 649.7 --> + 2.1
[09:36:33] <+pat255> L 1100 papaer
[09:37:01] <Tigerman> long 650.6
[09:37:02] <+Tigerman> tf
[09:37:43] <+Tigerman> exit all @651 TF
[09:37:59] <+pat255> out b/e
[09:41:46] <@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[09:48:48] <+Tigerman> look x short entry
[09:51:13] <+Tigerman> short 649.6 TF
[09:52:46] <+Tigerman> exit @ 649.5 TF
[09:53:27] <+pat255> no direction ..
[09:55:54] <Nesi> hi all
[09:56:11] <+pat255> hi nesi long time
[09:56:25] <+Nesi> yeah
[09:57:27] <+rickf> sup
[09:59:45] <+Tigerman> sh 651.7 TF
[09:59:55] <+Tigerman> yep fast spike down
[10:00:31] <+Tigerman> exit 651.7
[10:01:29] <+Tigerman> assume news was better than consensus
[10:01:44] <+pat255> what news?
[10:02:21] <+pat255> k got it home sales
[10:02:22] <+Tigerman> home sales
[10:07:51] <Inertia>
http://my.jetscreenshot.com/demo/20100726-prqk-55kb[10:08:14] <+pat255> L 4.75 es
[10:10:04] <@wrbtrader> doesn't look like this resistance area is going to hold TF back
[10:10:23] <+Tigerman> yep
[10:10:25] <@wrbtrader> Long TF @ 657.00 -> small size
[10:10:29] <+pat255> out +1
[10:10:31] <@wrbtrader> 1 only
[10:10:32] <+Tigerman> up trend is strong
[10:10:34] <@wrbtrader> intuition
[10:11:36] <+Tigerman> new home sales 330k so better vs big dump last time
[10:11:49] <+Tigerman> add fuel to up price
[10:12:58] <@wrbtrader> Exited TF Long @ 657.70 --> + 0.7
[10:13:28] <+Inertia> [15:47:22] <Inertia> would u say Mark that all your trades today had roughly the same probability of success (regardless of the outcome)?
[10:13:28] <+Inertia> [15:51:18] <wrbtrader> Inertia...ask me that question on Monday
[10:13:41] <@wrbtrader> there's that creeper "persistant" rising price action as a low volatility after it hit a resistance wall.
[10:15:00] <@wrbtrader> The rising price action an small intervals at a resistance gives hints that it'll continue "especially" after some intervals make higher lows
[10:15:23] <@wrbtrader> something new I'm learning
[10:16:05] <+pat255> N u mean intervals bars or chrats?
[10:16:17] <+pat255> charts..sorry
[10:16:20] <+Tigerman> good nice to listen it
[10:16:28] <@wrbtrader> intervals as in 1min, 2min or whatever
[10:16:35] <+pat255> k ty
[10:17:34] <+Tigerman> also is to note how creepy congested is ES price action vs TF
[10:17:56] <@wrbtrader> Yep
[10:21:52] <+Tigerman> WRB you noted this creepy price action (behaviour) is valid only for up trend or it apply for downtrend?
[10:22:34] <@wrbtrader> downtrends too
[10:23:22] <+Tigerman> ok thanks
[10:33:53] <+rickf> came w/in 1 tick of a long entry.
[10:39:51] <+Inertia>
http://my.jetscreenshot.com/demo/20100726-wabj-55kb[10:41:18] <+Inertia> moved my stop down b/c I have a long bias. eventhough I came out OK I am not happy with that fact
[10:41:57] <Time4now> You toughed out a stiff down turn
[10:43:05] <+rickf>
[10:44:32] <+Inertia> Time4now yes but I should have taken a loss and re-enter
[10:45:09] <+Inertia> I am biased by the New Home sales news and a general feeling that we still have some ways to go up
[10:51:09] <+Inertia> my bias is still long eventhough most indications r for a drop
[10:51:54] <+Inertia> tough to be un-biased
[10:52:15] <+Inertia> going 4 a walk
[10:52:23] <+Inertia> to the basement
[10:54:45] <Nesi> pretty amazing, i am following the room via my smartphone now
[10:55:07] <+pat255> vn what phone model?
[10:55:10] <AndChat> This is nesi
[10:55:19] <+Nesi> android
[10:55:27] <+Nesi> pretty amazing
[10:55:44] <+pat255> motorola?
[10:55:48] <+Nesi> i like android better than iphone
[10:55:49] <+pat255> y
[10:55:51] <+Nesi> yes,
[10:55:55] <+pat255> ty
[10:56:03] <+Nesi> its the mytouch 3g with google in it
[10:59:45] <+pat255> nesi from which provider?
[11:04:12] <+Nesi> sorry for delay
[11:04:20] <+Nesi> its simplemobile
[11:04:27] <+Nesi> belongs to t mobile
[11:04:50] <+pat255> kty
[11:09:17] <@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[11:14:09] <AndChat> teat
[11:15:39] <codehead> 1108.50 and 1109 reses on ES
[11:15:39] <+codehead> 1111.25 also
[11:19:33] <+codehead> 1108.50 is .618 on daily ES
[11:23:44] <AndChat> Test
[11:24:09] <+AndChat> thanks
[11:25:18] <+AndChat> You guys see me?
[11:25:58] <+codehead> ya
[11:26:43] <+AndChat> Thanks...pretty amazing
[11:28:13] <@wrbtrader> welcome andchat
[11:28:17] * Looking up AndChat user info...
[11:33:33] <+AndChat> This is nesi from my android......wrbtrader
[11:34:12] <@wrbtrader> You using mirc to log in
[11:34:20] <Nesi> yes
[11:34:28] <+Nesi> first time i am doing this
[11:34:37] <@wrbtrader> ok
[11:34:37] <+Nesi> i mean, i can do everything from my android now
[11:34:46] <+Nesi> i can open any files, email...everything
[11:34:48] <+Nesi> and now mirc
[11:35:00] <+Nesi> i just need quotes in my phone...lol
[11:37:12] <+Tigerman> I go see all next time
[11:57:50] <+codehead> st in sell mode
[11:57:54] <+codehead> and lt could follow
[11:58:30] <+codehead> meant in other room, but we're in short term sell signal
[12:11:44] <+rickf> back
[12:32:57] <+rickf> if tomorrow is like today i am taking the day off and staying outside
[12:38:39] <@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[13:34:42] <nesiandroid> No much today
[14:00:49] <+rickf> yawm
[14:01:52] <+rickf> same pa as last week .... big move in the morning then noodle around for a few hours going nowhere
[14:07:17] <@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[14:08:40] <+rickf> long es 1108
[14:15:17] <+rickf> exit es 1108.25 +.25
[14:23:13] <+rickf> short es 1106.50
[14:28:45] <@wrbtrader> Shorts TF @ 659.00 -> small size
[14:29:13] <@wrbtrader> very little trading today for me due to some personal stuff
[14:30:45] <+rickf> not missing much
[14:33:41] <+Inertia> this is what not being able to get rid of a bias will do to you (had a much larger stop than usual because I was thinkingg/hoping it will go up)
[14:33:46] <+Inertia>
http://my.jetscreenshot.com/demo/20100726-ia0y-60kb[14:37:24] <@wrbtrader> Covered all TF Short @ 658.80 --> + 0.2
[14:39:25] <+rickf> out 1106 +.50
[14:44:18] <+rickf> prolly shouyld have held
[14:50:07] <+Inertia> I am such a Dodo. I still think it will go up
[14:50:09] <+Inertia>
http://my.jetscreenshot.com/demo/20100726-q1ls-50kb[14:56:28] <+rickf> am bearish right now but afraid to enter for some reason
[14:56:49] <+rickf> no biggie - flat is a position, too
[15:01:36] <+Inertia>
http://my.jetscreenshot.com/demo/20100726-9zac-50kb[15:01:41] <+Inertia> another attempt
[15:02:30] <+rickf> last hour
[15:02:44] <+Inertia> i think i'll regret this exit
[15:06:11] <+Inertia> would u say Mark that all your trades today had roughly the same probability of success (regardless of the outcome)?
[15:06:20] <+Inertia> today=Friday
[15:07:05] <@wrbtrader> Yes assuming I wasn't trying something new or didn't make any trade errors.
[15:07:39] <@wrbtrader> By the way, I did make a few trade errors on Friday as I usually do
[15:09:45] <+Inertia> so you don't vary your position size based on probability of success....
[15:10:23] <@wrbtrader> No because I don't have the time to monitor the "probability".
[15:10:25] <+codehead> short ES 1108.00 <paper>
[15:10:30] <+codehead> previous b/d
[15:10:45] <@wrbtrader> Instead, I prefer to rely on "prior experience" as a component of my position size management
[15:11:00] <@wrbtrader> Or something unusual in the trading day
[15:16:21] <+codehead> exit ES +1.00 <paper>
[15:19:17] <+rickf> still looking short
[15:20:22] <+Inertia>
http://my.jetscreenshot.com/demo/20100726-edes-54kb[15:21:01] <+Inertia> WHY? do I get out so soon
(
[15:23:05] <@wrbtrader> That usually happens to me when I'm "not concentrating" or multi-tasking during an open trade position.
[15:24:13] <+Inertia> I think that my problem is not wanting to lose so when I take a small profit I feel good
[15:25:03] <+Inertia> we r 4 minutes after my last trade and still there is no reason to exit
[15:25:12] <@wrbtrader> Are you saying you're exiting prior to your profit target being reach
[15:25:23] <+Inertia> but I kept them running much longer than the usual so that is an improvement.
[15:25:34] <+Inertia> and I broke my rules only 2x
[15:26:10] <@wrbtrader> I do that sometimes...exit before a profit target...I document those as FEAR trades.
[15:26:52] <+Inertia> but i think that your fear and my fear r different ;-)
[15:27:52] <+Inertia> not that the end result is not the same......
[15:28:02] <+Inertia> regardless of the reason for the fear
[15:29:48] <+Inertia> in recent days it starts to crystalize in my head that once one has an edge (a system where the odds r in the trader's favour) the reason for losing or I should say - not making $$$ - is between our ears
[15:30:27] <+Inertia> ofcourse after a losing streek we start to doubt whether or not we have an edge to start with
[15:30:56] <+rickf> every 'edge' works well for a while
[15:31:06] <+rickf> indicators, strategies, etc
[15:31:45] <+Inertia> i believe that there r "edges" that work for very very long times periods
[15:32:09] <+Inertia> these edges r the ones that r based on understanding human nature
[15:32:29] <+rickf> imho the only 'edge' is what you alluded to -- the stuff between our ears
[15:32:33] <+Inertia> barring major technological changes in trading the constant factor is human nature
[15:33:19] <+Inertia> the edge between the ears is imperative but a systemic edge does not hurt to have
[15:33:31] <+rickf> lol
[15:35:56] <@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[15:47:23] <+codehead> 1111.25 is .500 on weekly chart
[15:50:21] <+rickf> done for the day ... yawn.
[15:50:30] <+rickf> gonna go enjoy the relatively nice summer weather
[15:50:34] <+rickf> see you all tomorrow
[17:04:57] <@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: Mon Jul 26 19:46:59 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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