##TheStrategyLab Price Action Chat Room Logs

#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)

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Session Start: Thu Jul 29 06:36:43 2010
Session Ident: #FuturesTrades
[06:36:43] * Now talking in #FuturesTrades
[06:36:43] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[07:15:15] <@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
[08:45:15] <@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
[09:18:14] <rickf>
[09:29:56] <drt> all
[09:41:26] <Inertia>
[09:43:41] <pdays> Shorts ES @ 1111.25
[09:47:37] <+Inertia> http://my.jetscreenshot.com/demo/20100729-icyt-50kb
[09:48:16] <+rickf> anyone here using global futures as a broker?
[09:48:25] <Time4now> me
[09:48:56] <+Time4now> not a live account right now
[09:49:05] <+rickf> looking for a backup -- was pleased they support NT and also don't have minimums to keep accounts active or to papertrade for as long as you want
[09:49:42] <+rickf> my current backup still doesn't support NT, and I really don't want to learn something else.
[09:49:47] <+rickf> any issues?
[09:50:17] <+Time4now> no, but I have not really used any others
[09:50:28] <+Time4now> I am looking for a charting service
[09:51:05] <+rickf> cool -- just looking for a sanity check. frankly i really want it for periodic strategy work with NT in a paper environment.....using them as a backup is icing on the cake
[09:51:12] <+rickf> no data fees?
[09:51:46] <+Time4now> $50 a month for charts
[09:51:54] <+rickf> for papertrading too?
[09:51:56] <+Time4now> for a live account
[09:51:58] <+rickf> oh
[09:52:20] <+pdays> Covered all ES Short @ 1109.0 --> + 2.25
[09:52:31] <+rickf> nice pdays
[09:54:25] <+Inertia> http://my.jetscreenshot.com/demo/20100729-apyr-50kb
[09:58:07] <Tigerman> short tf 654
[09:58:18] <+Tigerman> hi all
[09:58:24] <+rickf> su0
[09:58:25] <+rickf> sup
[10:02:42] <+Tigerman> trail stop set
[10:03:19] <+Inertia> http://my.jetscreenshot.com/demo/20100729-9auk-63kb
[10:03:38] <+Inertia> 1st trade was NOT by the rules = loss
[10:03:46] <+Tigerman> cover all 652.7
[10:03:52] <+Inertia> nest 2 trades by the book = win
[10:03:58] <+Inertia> ????
[10:04:04] <+Inertia> nest=next
[10:06:33] <+Inertia> now if only I could stay in a trade longer and not chicken out....
[10:07:01] <+Tigerman> long maybe
[10:12:16] <@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
[10:15:26] <+rickf> short tf 653 paper
[10:20:34] <+Tigerman> short 653.4 TF
[10:22:25] <+rickf> exit tf 652 +1 paper
[10:22:25] <+Tigerman> exit 652 cover TF
[10:22:44] <+Tigerman> + 1.4
[10:22:47] <+rickf> whew ... stupid me did an early entry and was hoping for houdini exit
[10:23:32] <+Tigerman> yep but pay off at last
[10:23:58] <+rickf> patience patience .... hard lesson to learn
[10:24:41] <+Tigerman> yep expecially do not enter if own signal is not clear
[10:24:59] <+rickf> yup
[10:25:16] <+Tigerman> and hold a winner a little bit more
[10:25:24] <+rickf> lot of wrbs on the tf this morning on the 5m
[10:25:30] <+rickf> (i think)
[10:25:57] <+Tigerman> 5 min it is investing for me
[10:26:13] <+rickf> only chart i use
[10:26:55] <+rickf> i figure time is the one thing the ''market' can't mess with
[10:27:38] <+Tigerman> focusing on 1 particulat time frame is good
[10:28:06] <+rickf> last year i kept shuffling trying to find a tradable TF ... various ticks and times, i felt it was wasted energy
[10:29:10] <+rickf> sounds funny but a quote from a cartoon back in january really drove it home for me trading-wise
[10:29:30] <+rickf> "The value of moving slowly is that one can always clearly see the way ahead."
[10:29:54] <+rickf> 5m is comfortable timeframe for me to trade and get the 'big picture' w/o getting fixated on tick-by-tick stuff
[10:30:11] <+Tigerman> o sure
[10:30:19] <+rickf> trading improved dramatically too, so i'm happy.
[10:31:18] <+Tigerman> that matter
[10:31:26] <+Tigerman> btw big drop
[10:32:28] <+rickf> had i not entered early and gotten a bit frreaked, i wouldn't have closed that short ... gave up 2 points for that.
[10:32:43] <+rickf> lesson: trade the plan.
[10:37:37] <+rickf> back later
[10:40:37] <+Tigerman> cya
[11:13:00] <+Tigerman> see next time
[11:23:11] <+Inertia> any news that r causeing this drop?
[11:31:21] <+Time4now> Mark probably doesn't know what he's been missing today
[11:34:22] <+Inertia>
[11:34:31] <+Inertia> NO MORE ANTICIPATION TRADES
[11:34:38] <+Inertia> NO MORE ANTICIPATION TRADES
[11:34:45] <+Inertia> NO MORE ANTICIPATION TRADES
[11:34:52] <+Inertia> ok. I hope I am cured
[11:34:57] <+Inertia> for a while
[11:34:59] <+Inertia>
[11:36:37] <+Inertia> we still have a gap from 5 days ago
[11:38:39] <codehead> ES hit support zone, NQ hit within 2 ticks of previous low at .618
[11:42:16] <@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
[11:50:45] <+codehead> NQ spent 2 hours in my sell signal on the bigger frame, but potential for ups now, dips shoudl get bought
[11:56:26] <+codehead> long NQ 1845.00 <paper>
[11:56:38] <+codehead> didn't have the guts lol
[11:56:56] <+codehead> divergent
[11:57:25] <+codehead> exit half NQ +2.75 <paper>
[11:57:52] <+codehead> long frame near cross to buy side, pinched
[11:59:59] <+codehead> the prev low and .618 hit, went 1 ticks past, nice bounce
[12:01:12] <+codehead> set stop at flat remainder NQ <paper>
[12:01:46] <+codehead> exit NQ +1.25 <paper>
[12:13:16] <+rickf> back
[12:16:06] <+codehead> my lt NQ frame is in the tentative long mode--stuck here at that support fail
[12:16:17] <+codehead> needs to get back abvoe 1845
[13:09:17] <@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
[13:10:45] <+rickf> short tf 645.3 paper
[13:26:37] <+rickf> calling this trade a scratch -- paper platform just died, i'm still in the trade. was trying to get out at b/e or better
[13:27:13] <+rickf> i know it traded there looking at live platform, so it's a +0 paper
[13:31:04] <+rickf> if i'm still in the trade when i log back in i'll treat it like a houdini and try to recover
[13:31:30] <+pdays> Long ES @ 1095.0
[13:31:38] <+pdays> Exited all ES Long @ 1097. --> + 2
[13:52:47] <+pdays> Shorts ES @ 1099.0
[13:53:00] <+pdays> Covered all ES Short @ 1098.25 --> + 0.75
[14:05:54] <+rickf> recovered that trade by averaging up once and then holding
[14:39:17] <@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
[14:46:39] <+rickf> brb gotta reboot
[14:52:39] <rickf> .
[15:36:49] <+rickf> long tf 662 paper
[15:36:51] <+rickf> 1 only
[15:36:55] <+rickf> 652
[15:41:28] <+rickf> out 651 -2 paper
[15:47:18] <+rickf> short tf 649.8 paper
[15:51:14] <+rickf> exit tf 649.4 +.4 paper
[15:51:44] <+rickf> still bearish but scard to hold
[15:52:12] <+rickf> the TF flipping around 3-4-5 ticks on the b/a in such cases is rather unsettling too
[15:53:52] <+rickf> g'night all
[17:39:18] <@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
Session Close: Thu Jul 29 18:59:18 2010

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#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:

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
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