#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: Thu Aug 05 08:53:13 2010
Session Ident: #FuturesTrades
[08:53:13] * Now talking in #FuturesTrades
[08:53:13] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:14:52] <rickf>
[09:27:07] <Inertia>
[09:27:20] <drt>
[09:32:38] <+Inertia>
http://my.jetscreenshot.com/demo/20100805-8dnl-56kb[09:32:42] <+Inertia> just 100 shares
[09:32:55] <+Inertia> ing
[09:32:57] <+rickf> tried to go short 655.3 but couldnt get order fired quick enough
[09:35:33] <@wrbtrader> Long TF @ 656.40 -> small size
[09:35:39] <@wrbtrader> 2 only
[09:35:45] <@wrbtrader> weird fill on market
[09:36:31] <@wrbtrader> Long TF @ 656.00 -> small size
[09:36:36] <@wrbtrader> 2 added
[09:36:44] <@wrbtrader> intuition
[09:37:12] <+Inertia> that seems lake large slipage on your 1st long Mark....
[09:37:17] <+Inertia> lake=like
[09:37:30] <+rickf> ok that was creepy - paper platform filled me, didn't tell me ... then i couldn't exit because the system thought there was no position. WEIRD
[09:37:45] <+rickf> down $500 on that one, just to close the position. Grr
[09:37:48] <+Inertia> what platform?
[09:37:54] <+rickf> TOS paper trading
[09:38:04] <@wrbtrader> It was like a 6 tick slippage on my fill
[09:38:06] <+Inertia> I had something like this with NT and IB
[09:38:15] <+Inertia> scared the hell out of me
[09:38:32] <+rickf> i restarted the platform and was like - "why is there an open position?"
[09:38:33] <+Inertia> since then I check my IB screen and not rely on NT alone
[09:39:03] <+rickf> short tf 657.5 paper
[09:39:28] <@wrbtrader> Exited 1/2 TF Long @ 657.60 --> + 1.6
[09:39:57] <@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/forum[09:40:27] <+Inertia> bad news come up >> the market goes up. good news come out >> the market goes down
[09:47:11] <@wrbtrader> Exited TF Long @ 659.10 --> + 3.1
[09:47:13] <@wrbtrader> Holding 1 contract remainder
[09:47:56] <@wrbtrader> that's +2.7 and not +3.1
[09:48:41] <@wrbtrader> just lost my ES and SPY data...weird
[09:51:17] <@wrbtrader> Has anyone in here every had a perfect smooth uninterrupted trading day...
[09:51:31] <+rickf> what do yu mean
[09:51:39] <@wrbtrader> No data problems, not chart problems, no broker platform problems, no computer problems
??
[09:51:48] <@wrbtrader> Everything working perfectly
[09:52:01] <@wrbtrader> It's been awhile since I've had such
[09:52:03] <+rickf> sure ... ift's usually ME who's the problem
[09:53:24] <+Inertia> i am relatively happy with how things work for me (not trading results
)
[09:53:57] <+Inertia> hopefully the above does not jinks me
[09:55:58] <+Inertia> I have a short bias today (news driven) but I hope I will not make the mistakes I did yesterday b/c of that
[09:56:53] <+rickf> short es 1121 paper
[09:57:28] <Time4now> Now that the AC guys are done, it's market time
[10:01:09] <@wrbtrader> So far...after the big gap down...slowly looking like a range day.
[10:01:30] <@wrbtrader> Hope not because I'm expecting a trend day or strong directional price movement
[10:01:40] <@wrbtrader> today or tomorrow
[10:03:06] <+rickf> out es 1120 +1 paper
[10:05:10] <+Inertia> it is the 4th day in this range
[10:05:38] <+Inertia> maybe people r waiting for the news 2morrow and we will have an explosive (I like that word) day
[10:06:31] <+rickf> short tf 659.8 paper
[10:06:39] <+rickf> short tf 658.9 paper add
[10:12:17] <+rickf> out tf 659.2 + .1 paper
[10:17:57] <@wrbtrader> recent range support @ 658 for Emini TF
[10:36:04] <+rickf> ok sticking with the 5m chart
[10:41:25] <+rickf> backlater
[10:42:58] <@wrbtrader> Exited Remainder TF Long @ 657.80 --> + 1.8
[10:45:20] <@wrbtrader> Long TF @ 657.30 -> small size
[10:45:24] <@wrbtrader> 2 only
[10:51:18] <@wrbtrader> Exited all TF Long @ 657.10 --> - 0.2
[11:00:49] <@wrbtrader> testing another support level
[11:02:05] <@wrbtrader> Long TF @ 655.70 -> small size
[11:02:08] <@wrbtrader> 1 only
[11:04:02] <@wrbtrader> Exited TF Long @ 655.10 --> - 0.6
[11:05:15] <@wrbtrader> sliced through that support area via 1 contract trades
[11:10:17] <@wrbtrader> contradiction going on right now...mixture of dark and white hammer lines
[11:11:47] <@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[11:14:51] <@wrbtrader> Long TF @ 655.70 -> small size
[11:15:04] <@wrbtrader> 2 only (1 + 1)
[11:15:11] <@wrbtrader> one of those contracts is an add
[11:18:37] <@wrbtrader> Geeesh...where did the big boys go
[11:18:56] <@wrbtrader> too many 1 contract trades controlling the price action
[11:28:12] <@wrbtrader> Exited all TF Long @ 656.00 --> + 0.3
[11:29:51] <@wrbtrader> tight trading range developed on low volatility...this thing is going to pop soon (up or down)
[11:30:03] <@wrbtrader> decided to take the 3 ticks and watch
[11:30:32] <+Inertia> so u r a chart voyer
[11:31:36] <+Time4now> it has been treading my 1min wrb s/r zone
[11:32:32] <+Inertia> cannot concentrate 2day
[11:32:36] <+Inertia> only 1 trade
[11:33:55] <+Inertia>
http://my.jetscreenshot.com/demo/20100805-5r8g-63kb[11:34:03] <+Inertia> my fingures were itching
[11:34:23] <+Inertia> but I am not sure of my decision
[11:35:31] <+Inertia> anyway. mu rules say not to trade between 11:30 and 14:30 so I'll TRY and do that
[11:38:16] <@wrbtrader> Long TF @ 656.40 -> small size
[11:38:21] <@wrbtrader> 2 only
[11:38:28] <@wrbtrader> intuition
[11:38:33] <@wrbtrader> volatility increasing
[11:43:00] <@wrbtrader> volatility contracting again...just above that recent tight trading range
[11:44:36] <+Inertia> ES again around 1120
[11:44:59] <@wrbtrader> Exited all TF Long @ 656.40 --> 0
[11:45:17] <@wrbtrader> back inside that prior low volatility tight trading range
[11:45:32] <@wrbtrader> only good thing is that it becomes now an obvious pivot area
[11:46:18] <+Inertia> has anyone noticed whether the market trades in a narrower range the day(s) before the NFP?
[11:46:56] <+Time4now> Geithner in 10
[11:47:50] <@wrbtrader> Eurex Bund still soaring higher
[12:29:31] <+Time4now> this is a long triangle
[12:37:36] <@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[13:19:26] <+rickf> back
[13:24:55] <codehead> NQ pb was .500 btw
[13:43:07] <+rickf> wonder if we're gonna tread water all day until tomorrow's NFP report
[14:01:01] <+rickf> short t f 657 paper
[14:04:05] <+rickf> exit 1/2 tf 6565 +.5 paper
[14:04:07] <+rickf> h2
[14:05:34] <+rickf> exit tf 656.8 +.2 paper
[14:05:55] <+rickf> still looking short but nervous
[14:09:25] <@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[14:14:05] <+Inertia>
http://my.jetscreenshot.com/demo/20100805-bjnz-55kb[14:15:44] <+Inertia>
[14:24:25] <+Inertia> I was tempted to go long @ the x2 top a few minutes ago as revenge for getting out too early. BUT....
[14:24:31] <+Inertia> with super human resistance I did not
[14:24:51] <+Inertia> it still looks as if it will go up though
[14:40:23] <+Inertia>
http://my.jetscreenshot.com/demo/20100805-p1tn-56kb[14:44:31] <+Inertia> no more trades until we get out of this zone
[14:44:57] <+Time4now> probably a good idea
[14:45:29] <+Inertia> is any1 using Windows 7? if yes what do u think compared to XP?
[14:45:56] <+Inertia> I ordered parts for a new comp but haven't decided on the op sys yet
[14:47:28] <+Time4now> Thats the bummer when building your own pc
[14:47:36] <+Time4now> Paying for the operating system
[14:47:47] <+Inertia> why? that the good part. u get 2 decide
[14:47:58] <+Inertia> oh
[15:02:11] <+rickf> still on xp for now ... will do win7 somtime this fall
[15:02:16] <+rickf> running in vmware on my mac
[15:13:05] <Inertia>
http://my.jetscreenshot.com/demo/20100805-y17y-59kb[15:13:07] <+Inertia> had a crash with a position open
[15:13:09] <+Inertia> I was lucky
[15:13:47] <+Time4now> you've done well in that range
[15:16:18] <+Inertia> y
[15:16:46] <+Inertia> 2 days ago I was trading attempted breakouts
[15:16:51] <+Inertia> what a disaster that was
[15:17:08] <+Inertia> today decided to do the logical thing and do the opposite
[15:17:14] <+Inertia> the risk was smaller
[15:17:36] <+Inertia> the worse that could happen is that it would go through the bottom
[15:18:04] <+Inertia> phewww. this thing shortened my life a bit
[15:24:54] <+Inertia>
http://my.jetscreenshot.com/demo/20100805-1nyf-62kb[15:25:25] <+Inertia> usually TF amplifies the moves of ES in both directions
[15:25:30] <+Inertia> not so today
[15:26:17] <+Inertia> after 10:40 the moves up by ES were not followed to the same extent by TF
[15:28:10] <+Inertia> only the downword moves r amplified
[15:33:15] <@wrbtrader> Shorts TF @ 655.40 -> small size
[15:33:22] <@wrbtrader> support broke
[15:33:25] <@wrbtrader> 2 only
[15:33:28] <@wrbtrader> intuition
[15:34:25] <+rickf> long tf 655 paper
[15:34:28] <+rickf> 2 only
[15:34:56] <@wrbtrader> oh oh
[15:35:04] <@wrbtrader> I may just join you rickf
[15:35:13] <+rickf> now boarding ....
[15:35:59] <@wrbtrader> spread increasing again
[15:36:01] <+rickf> exit tf 655,7 + .7 oaoer
[15:36:38] <+rickf> in this tape i am taking base-hits
[15:36:48] <+rickf> too risky to hold for very long
[15:37:30] <+Inertia> what is the significance of increasing spread?
[15:37:47] <+rickf> sidelined - MAJOR storms here now
[15:37:55] <+rickf> is pitch black outside in just past 3 mons
[15:37:56] <+Inertia> where is that?
[15:37:56] <+rickf> mins
[15:38:15] <@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[15:38:19] <+Inertia> ha?
[15:38:22] <+Inertia>
[15:38:31] <+rickf> ha
[15:38:49] <+Inertia> that's Candian for
???
[15:38:58] <+Inertia> oh. Minnesota
[15:38:59] <+rickf> dunno i am in DC
[15:39:05] <+rickf> minutes
[15:39:09] <+Inertia>
[15:42:17] <+Inertia> looks like the is a huge storming over u in DC. coming in 2 waves
[15:42:24] <+Inertia> the = there
[15:42:38] <+Inertia> storming=storm
[15:42:43] <+rickf> yup
[15:43:38] <@wrbtrader> lost my patience
[15:49:15] <@wrbtrader> Covered 1/2 TF Short @ 654.00 --> + 1.4
[15:49:54] <+rickf> nice hold
[15:56:56] <+Inertia> volume in the past 4 days is less than 1/2 it's regular number
[15:57:13] <@wrbtrader> Covered Remainder TF Short @ 653.90 --> + 1.5
[15:58:15] <@wrbtrader> Long TF @ 654.60 -> small size
[15:58:19] <@wrbtrader> 2 only
[15:59:14] <@wrbtrader> crappy 4pm rush hour traffic
[16:00:58] <+rickf> see y'all tomorrow .... off to watch the lightning
[16:06:18] <@wrbtrader> Exited all TF Long @ 655.00 --> + 0.4
[16:06:49] <+Inertia> did u go long b/c you thought that the move by TF was too extended relative to the other instruments?
[16:11:00] <@wrbtrader> I went Long because of a trade signal. However, I did notice TF had stalled in that down turn in the price area of recent reaction lows of 1515pm, 1105am and 0935am est
[16:11:26] <@wrbtrader> Simply, figure it was a decent support
[16:12:12] <+Inertia> thanks
[16:13:23] <@wrbtrader> Take care all and see all tomorrow
[16:13:30] * wrbtrader is now known as wrbtrader_away
[17:03:59] <@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: Thurs Aug 05 17:30:47 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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