#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: Tue Aug 03 09:18:12 2010
Session Ident: #FuturesTrades
[09:18:12] * Now talking in #FuturesTrades
[09:18:12] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:21:06] <rickf>
[09:22:12] <Inertia>
[09:29:41] <+rickf> still updating windoze in my papertrading emulator. Le sigh.
[09:29:50] <drt>
everyone
[09:30:03] <Time4now>
[09:31:51] <+rickf> is that right? TF volume us only 7K or so?
[09:33:35] <+Time4now> 7600 now
[09:33:54] <+rickf> 8202 actually ... but like waaaaaaay low
[09:34:31] <+Time4now> you must include overnight
[09:34:50] <+rickf> yeah ... but USUALLY it's tens-of-thousands, not this low
[09:36:50] <+rickf> switching to the ES today
[09:37:14] <+Time4now> there is some volume for ya
[09:37:36] <+rickf> 10K contracts =! comfortable volume for me on the futures
[09:37:54] <+rickf> would be like seeing the ES only moving 20K by 0930. weird
[09:39:30] <pdays> Long ES @ 1118.5
[09:39:44] <+pdays> Exited all ES Long @ 1119.25 --> + 0.75
[09:49:19] <@wrbtrader> Long TF @ 656.10 -> small size
[09:49:24] <@wrbtrader> 2 only
[09:50:09] <@wrbtrader> Exited all TF Long @ 655.60 --> - 0.5
[09:50:37] <@wrbtrader> Shorts TF @ 654.70 -> small size
[09:50:39] <+Inertia>
http://my.jetscreenshot.com/demo/20100803-jue0-62kb[09:50:41] <@wrbtrader> 3 only
[09:52:40] <+Inertia> news in 8 min
[09:53:05] <+drt> thanks I
[09:55:32] <+Inertia>
[09:55:47] <@wrbtrader> Covered 2/3 TF Short @ 652.60 --> + 2.1
[09:56:22] <+Inertia> probably a lek
[09:56:25] <+Inertia> leak
[09:56:42] <@wrbtrader> Covered Remainder TF Short @ 652.40 --> + 2.3
[09:57:16] <@wrbtrader> got some serious distractions here at home
[09:57:19] <@wrbtrader> be back later
[09:57:25] * wrbtrader is now known as wrbtrader_away
[10:00:57] <+Inertia> news r bad
[10:01:11] <+Inertia> leak confirmed
[10:01:13] * wrbtrader_away is now known as wrbtrader
[10:01:23] <+rickf> shoot, missed a short fill by 1 tick
[10:01:37] <@wrbtrader> hmmm...costly early exit...life of a retail trader from home
[10:03:53] <+rickf> short tf 650.7 paper
[10:15:57] <+Inertia>
http://my.jetscreenshot.com/demo/20100803-utug-58kb[10:16:31] <@wrbtrader> Long TF @ 651.00 -> small size
[10:16:36] <@wrbtrader> 1 only
[10:16:38] <@wrbtrader> intuition
[10:17:09] <+Inertia>
http://my.jetscreenshot.com/demo/20100803-eppq-150kb[10:17:24] <+Inertia> the last chart is my previous IWM trade
[10:17:40] <+Inertia> the chart prior to that is my 1st trade in TF
[10:18:13] <+Inertia> I am shaking as a leaf
[10:18:30] <@wrbtrader> Exited TF Long @ 651.70 --> + 0.7
[10:18:44] <@wrbtrader> I'm not feeling confident in this trade any more.
[10:18:55] <@wrbtrader> Will just watch (stay on the sidelines)
[10:19:01] <@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[10:19:30] <+rickf> short tf 652.7 add paper
[10:34:14] <+Inertia>
http://my.jetscreenshot.com/demo/20100803-qdwt-58kb[10:34:56] <+rickf> out tf 653.7 -2 paper
[10:36:05] <+Inertia> I am biased towards the down side b/c of the news and the gap from yesterday
[10:36:18] <+rickf> short tf 654.7 paper
[10:39:07] <+rickf> out b/e
[10:41:41] <+rickf> short tf 654.8 paper
[10:45:21] <+rickf> out 655.8 -1 paper
[10:45:35] <+rickf> quitting for a while - can't make sense of this, and making amateur errors again
[10:45:40] * rickf is now known as rickf_away
[10:51:33] <+Inertia>
http://my.jetscreenshot.com/demo/20100803-x4y2-167kb[11:07:22] <+Inertia>
http://my.jetscreenshot.com/demo/20100803-ceze-55kb[11:07:40] <+Inertia> got into ANTICIPATION MODE
[11:07:57] <+Inertia> 6 losses in a row
[11:20:11] <+Inertia> 7 losses in a row
. but I deserve it. non of them was by my rules.
[11:20:12] <+Inertia>
http://my.jetscreenshot.com/demo/20100803-zhkn-55kb[11:30:06] <+Inertia> 13W 35L
[11:30:21] <+Time4now> that is a lot of trades
[11:31:03] <+Inertia> I count trades by the exits
[11:31:20] <+Inertia> so if I enter with 300 but get out 3x100 that is 3 trades
[11:31:44] <+Time4now> ok
[11:33:34] <+Inertia> since I switched to trading 300 shares and I exit in 100-300 in reality I had 18 trades(entries)
[11:34:06] <+Inertia> normally any day with more than 20 exits is a losing day
[11:34:39] <+Inertia> so far I am positive b/c of the TF trade earlier which made me arrogant and ignore the rules
[11:35:57] <+Inertia> maybe if we close today's gap we will turn around but by now my confidence is shaken and I'd better stay out of the market
[11:49:01] <@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[12:01:23] <+Inertia> finally
[12:01:26] <+Inertia>
http://my.jetscreenshot.com/demo/20100803-vobv-51kb[12:14:11] <+rickf_away> long tf 661 paper
[12:16:22] <+rickf_away> out 661.1 +.1 paper
[12:53:18] <+Inertia>
http://my.jetscreenshot.com/demo/20100803-iy9d-51kb[13:04:17] <+Inertia>
http://my.jetscreenshot.com/demo/20100803-2rcs-53kb[13:05:13] <+Inertia> probably got out too early from this one but the 1st exit was of 2/3 (an error) so lost concentration and decided to close everything at the next tick extreme
[13:06:19] <+Inertia> 38L 22W
[13:06:29] <+Inertia> at least my stats r improving
[13:19:02] <@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[13:20:51] <+rickf_away> short tf 656.6 paper
[13:20:55] * rickf_away is now known as rickf
[13:28:34] <+Inertia>
http://my.jetscreenshot.com/demo/20100803-1hxy-57kb[13:59:27] <+Inertia> I was ashamed to show the following chart but one has to be accountable for their actions
[13:59:28] <+Inertia>
http://my.jetscreenshot.com/demo/20100803-yyn1-185kb[13:59:46] <+Inertia> I am trading like a chicken without a head today
[14:00:03] <+Time4now> I can't keep up
[14:00:08] <+Time4now> break time
[14:00:19] <+Inertia>
ne neither
[14:00:28] <+Inertia> me neither
[14:09:27] <+rickf> oh that looks like one i did 2 years ago on the /ES
[14:10:04] <+rickf> i keep it in my 'learning' folder for periodic refreshers
[14:15:47] <+Inertia> maybe u can post it so that I feel better
[14:16:21] <+rickf> lol
[14:17:01] <+Inertia> I am serious. nobody posts here charts except 4 me
[14:18:16] <+rickf> actually not a chart but statement ... i had a few days where i moved almost 200 /ES
[14:19:22] <+rickf> it was back when i was a cci advocate
[14:19:39] <+rickf> will dig it up sometime
[14:20:31] <codehead> NQ 1892.50 and ES 1120.25 are .618
[14:20:44] <+codehead> so significant if they break that
[14:23:07] <+rickf> inertia: from my early days of trading ...
http://infowarrior.org/users/rforno/tra ... 10-PIC.png[14:32:54] <+Inertia> ok. now I feel better
[14:33:01] <+Inertia> not really
[14:33:22] <+rickf> that was during my first year
[14:34:33] <+Inertia> when was that?
[14:34:46] <+rickf> 2007-2008
[14:35:19] <+rickf> now if i make 5 trades/day that is a lot
[14:35:41] <+Inertia> what indicator was that?
[14:35:43] <+Inertia>
))))
[14:36:02] <+Inertia> just to know which one NOT 2 use
[14:36:11] <+rickf> cco
[14:36:13] <+rickf> cci
[14:36:31] <+Inertia> just kidding. indicators are useless
[14:36:52] <+rickf> no, you just need to know how to read 'em based on the market
[14:36:54] <+rickf>
[14:37:45] <+Inertia>
[14:38:08] <+Time4now>
[14:38:12] <+Time4now> whats going on?
[14:38:15] <+Time4now> jk
[14:46:02] <@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[15:06:29] <+rickf> short tf 658.4 paper
[15:09:05] <+rickf> out 659.2 -.09 paper
[15:09:08] <+rickf> trade error
[15:18:23] <+rickf> short tf 659.5 paper
[15:18:47] <+Inertia>
http://my.jetscreenshot.com/demo/20100803-o9aq-55kb[15:19:25] <+Inertia> the carnage continues. reduced position size to 100 shares only
[15:20:25] <+rickf> short 658 (add) paper
[15:23:24] <+rickf> exit tf 656.50 + (about 2) paper
[15:26:58] <+rickf> totally made that an overleveraged revenge trade to try get back what i lost earlier today ... paper or not, it was stupid to do. Profitable, but bad trading practice.
[15:27:25] <+rickf> translation: it was stupid, it worked better than i expected, and i am DONE for the day. broke my own rules a bunch today.
[15:29:44] <+Inertia> maybe it's something in the air...
[15:30:41] <+rickf> maybe
[15:30:45] <+Inertia> from a decent profit I dug myself a small hole
[15:31:23] <+Inertia> and missed this last drop (I had a signal but saw it only after the fact
[15:31:37] <+Inertia> took a very small part of the drop
[15:32:04] <+rickf> I was down rather big on the day (my own damn fault) but that last trade put me nicely green again, almost exactly where I started the day
[15:32:25] <+rickf> i just could not get a read on things today for some reason
[15:33:13] <+Inertia>
http://my.jetscreenshot.com/demo/20100803-ujto-58kb[15:33:14] <+rickf> but i haven't traded this poorly in a LONG time
[15:34:51] <+Inertia> 9 losses in a row at one point .... ^J^
[15:35:04] <+rickf> i had like 6
[15:35:26] <+rickf> i was killing myself in that afternoon chop ... ain't done that in a while
[15:40:54] <+Inertia> One instance I remember was a few years back I got on a medication for something I was dealing with. I didn't realize it when it was prescribed but one of the side effects is some people lose their self-control. Some people have gambled crazily on the drug, or done things they in the right mind never would have done. It only effects a few percent of people this way so kinda rare.
[15:41:11] <+Inertia> this is from a forum I visit
[15:41:34] <+Inertia> the story is not about me but I can see myself as that trader
[15:42:21] <+rickf> trading under the influence
[15:42:25] <+rickf> TUI
[15:42:31] <+Inertia> y
[15:51:56] <+rickf> ok -- out for the day
[15:52:00] <+rickf> see y'all tomorrow
[15:59:50] <@wrbtrader> Long TF @ 654.50 -> small size
[16:00:00] <@wrbtrader> 2 only
[16:00:05] <@wrbtrader> intuition
[16:00:13] <+Time4now> have you been here all day??
[16:00:49] <@wrbtrader> Exited all TF Long @ 655.00 --> + 0.5
[16:01:04] <@wrbtrader> No...got back around 3:50pm est
[16:02:21] <+Time4now> I thought you were a bit quiet
[16:02:58] <@wrbtrader>
[16:10:31] <+Inertia> at least my last trade was a winner but I am still down for the day
[16:10:40] <+Inertia> anyway, 2morrow will be better
[16:11:37] <+Inertia> there is a noticeable improvement in my trading. I just need a little more practice. Posting here my ramblings and charts definately helped
[16:14:02] <+Time4now> I read them when I'm here, but I can't be much help
[16:14:18] <+Time4now> too novice and unprofitable
[16:16:03] <@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: Tue Aug 03 18:45:26 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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