#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 Aug 06 09:00:56 2010
Session Ident: #FuturesTrades
[09:00:56] * Now talking in #FuturesTrades
[09:00:56] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:08:30] <rickf>
[09:19:00] <@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[09:28:58] <drt>
all
[09:30:51] <pdays> TF opened down 11.4
[09:31:21] <+rickf> great tweet from zh: "Horrible NFP number. market will go up 3% today" .. lol how true this year
[09:39:49] <Inertia>
http://my.jetscreenshot.com/demo/20100806-xzdd-53kb[09:41:16] <+Inertia> rf yes this has been the pattern. bad news market goes up. good news market goes down. people r trying to outsmart themselves
[09:42:40] <+Inertia> I have a short bias b/c of the news (same old)
[09:42:54] <+rickf> i am looking shorter if we move a bit higher
[09:46:54] <@wrbtrader> Long TF @ 651.60 -> small size
[09:46:59] <@wrbtrader> 3 only
[09:47:02] <@wrbtrader> intuition
[09:47:50] <@wrbtrader> Exited all TF Long @ 650.60 --> - 1
[09:48:45] <+rickf> short tf 650.8 paper
[09:49:38] <@wrbtrader> Long TF @ 651.00 -> small size
[09:49:42] <@wrbtrader> 3 only
[09:49:47] <@wrbtrader> intuition
[09:49:56] <@wrbtrader> same reason as prior trade
[09:50:49] <+Inertia> maybe a gap close and then head down but so far no short signals
[09:52:24] <@wrbtrader> range developing
[09:52:41] <@wrbtrader> Exited all TF Long @ 650.50 --> - 0.5
[09:52:56] <@wrbtrader> ususally when such occurs this early...it's setting up for a nice price movement
[09:53:31] <+pdays> TF stalled @ 78.6 of gap fill and a resistance zone
[09:54:20] <@wrbtrader> Long TF @ 651.00 -> small size
[09:54:25] <@wrbtrader> 3 only
[09:54:27] <@wrbtrader> intuition
[09:55:24] <@wrbtrader> Long TF @ 651.80 -> Add
[09:55:30] <@wrbtrader> 3 added
[09:56:04] <+Inertia>
http://my.jetscreenshot.com/demo/20100806-hpka-58kb[09:56:05] <@wrbtrader>
[09:56:20] <@wrbtrader> not liking 652 so far
[09:57:02] <@wrbtrader> 1 - 2 contract traders controlling the price action already this morning
[09:57:20] <@wrbtrader> where the hell are the big boys this entire week
[09:57:23] <+pdays> Long ES @ 1120.25
[09:57:25] <+rickf> that should not be the case
[09:57:32] <+rickf> big problem w/the TF imho
[09:58:29] <@wrbtrader> Exited 1/2 TF Long @ 652.70 --> + 0.9
[10:00:33] <+pdays> Exited all ES Long @ 1119.25 --> - 1
[10:02:10] <@wrbtrader> Exited Remainder TF Long @ 651.60 --> + 0.6
[10:05:46] <+Inertia>
http://my.jetscreenshot.com/demo/20100806-qz8b-56kb[10:11:28] <+rickf> exit 1/2 tf 649.7 +1.1 paper
[10:11:30] <+rickf> h2
[10:12:45] <+rickf> stop at 650.6 +.2 paper
[10:12:47] <+rickf> stopped
[10:12:48] <+rickf>
[10:13:19] <+rickf> long trade ... whew
[10:26:01] <+rickf> figures....was still looking lower, should not have put that stop in except i was tired of watching the trade
[10:26:13] <+rickf> stops on the TF will kill you i think, the way it skips around so much
[10:49:25] <+rickf>
[10:49:38] <@wrbtrader> Just got back...I picked the wrong time (past 30 mins) to go talk to the neighbor last night about the all night power black out from the wind storm
[10:50:46] <@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[10:58:43] <+Inertia>
http://my.jetscreenshot.com/demo/20100806-agk8-180kb[11:04:06] <@wrbtrader> Shorts TF @ 638.80 -> small size
[11:04:13] <@wrbtrader> 3 only
[11:04:16] <@wrbtrader> intuition
[11:05:11] <@wrbtrader> Covered all TF Short @ 639.20 --> - 0.4
[11:05:58] <@wrbtrader> Long TF @ 639.40 -> small size
[11:06:08] <@wrbtrader> 3 only
[11:06:11] <@wrbtrader> intuition
[11:06:19] <@wrbtrader> prior trade was a trade error
[11:08:48] <@wrbtrader> Exited all TF Long @ 640.60 --> + 1.2
[11:18:22] <@wrbtrader> Shorts TF @ 640.90 -> small size
[11:18:26] <@wrbtrader> 1 only
[11:19:40] <@wrbtrader> Covered all TF Short @ 641.60 --> - 0.7
[11:20:40] <@wrbtrader> Long TF @ 641.80 -> small size
[11:20:46] <@wrbtrader> 2 only
[11:22:56] <@wrbtrader> Exited all TF Long @ 641.40 --> - 0.4
[12:07:51] <+rickf> back
[12:19:26] <@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[12:58:52] <@wrbtrader> Long TF @ 641.50 -> small size
[12:59:04] <@wrbtrader> 2 only
[13:09:38] <@wrbtrader> Exited all TF Long @ 640.50 --> - 1
[13:23:09] <+Inertia>
http://my.jetscreenshot.com/demo/20100806-h2qn-186kb[13:23:26] <+Inertia> my stubbornness cost me today
[13:25:01] <+rickf> nothing right now
[13:37:48] <+rickf> remarkable ... 1pt range on the ES
[13:38:18] <+rickf> well 2pts but still. flatliner
[13:40:01] <+rickf> short tf 639.8 paper
[13:40:03] <+rickf> 2 only
[13:51:14] <@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[14:22:02] <+rickf> still short ... glad i used only 2, gives me room to work the trade if it spikes up
[14:26:00] <+Inertia>
http://my.jetscreenshot.com/demo/20100806-ataa-56kb[14:28:04] <+Inertia> hard to believe that this thing is not dropping
[14:29:20] <+rickf> short tf (add)
[14:33:04] <+rickf> 642.9 cost basis
[14:40:18] <+rickf> exit 1/2 tf 641.7 +1.2 paper
[14:40:32] <+rickf> horrible entry
[14:47:45] <@wrbtrader> Long TF @ 643.80 -> small size
[14:47:48] <@wrbtrader> 3 only
[14:48:16] <@wrbtrader> intuition...something is happening within a key price area
[14:49:36] <@wrbtrader> volatility just died
[14:49:47] <+rickf> that had to be running stops ... that wrb ont he 5min es
[14:49:47] <@wrbtrader> now the battle begins
[14:50:31] <@wrbtrader> Exited 2/3 TF Long @ 646.20 --> + 2.4
[14:50:45] <@wrbtrader> another volatility spike out of the dying volatility
[14:56:15] <+Inertia> this is very frustrating. sitting here the whole day taking marginal trades (except for a few) and then this rocket takes off...
[14:56:48] <@wrbtrader> Yep...that's what happen to me when I missed the big drop soon after 1015am est
[14:57:11] <+Inertia> well that one I cought but left half the move on the table
[14:57:33] <@wrbtrader> I got
prior to that with some trades...saw range and contraction...took a break and went outside to talk to the neighbor...
[14:57:49] <+Inertia> more than half
[14:57:49] <@wrbtrader> Came back and saw the big BAM downwards...long after the fact
[14:58:35] <+Inertia> anyway. I am going to pick up the parts for my new comp
[14:58:55] <@wrbtrader> However, this sudden price spike upwards was more "surprising" in that the price action prior to such had been in a tight low volatility trading range for a "long time"
[14:59:30] <@wrbtrader> I also see a lot more "size" in this price spike upwards
[15:00:00] <@wrbtrader> some players decided to show up
[15:00:29] <+rickf> hard to see a 5 or 10 lot s a "player"on the TF though
[15:00:39] <+rickf> hell, you could be a player on a large size trade
[15:00:50] <@wrbtrader> that's true
[15:01:05] <@wrbtrader> Early today I felt like a big boy with my 3 contract positions
[15:01:14] <+rickf> we could corner the market, you and me .... i'll go live on the TF and sell to you, then you sell to me....
[15:01:20] <+rickf> The Dukes have nothing on us.
[15:01:28] <@wrbtrader> It's crossed my mind
[15:01:42] <+rickf> illegal tho. nice thought, anyway. lol
[15:01:59] <+rickf> now all we need is a Beeks
[15:02:16] <@wrbtrader> Although I have dislike this low volatility crap the past few weeks...
[15:02:27] <+rickf> oh no kidding - this is horrid
[15:02:30] <@wrbtrader> I keep it in perspective in that it is the "summer trading" session
[15:02:38] <+rickf> though 1 thing i did come to appreciate about TF --
[15:03:02] <+rickf> when it skips around 4,5,7 ticks in a flash, you get used to seeing P&L change rapidly .... great training
[15:03:30] <+rickf> am used to the smooth pa of the ES myself
[15:03:32] <@wrbtrader> A lot of the big players in TF have either gone on vacation or move to other stuff (e.g. ES, CL et cetera) for the summer trading session
[15:04:01] <@wrbtrader> They'll return when kids school starts again for the fall
[15:04:03] <+rickf> will take your word for it ... only been trading it the past 2 weeks on paper
[15:04:12] <+rickf> maybe then the b/a will be more rational and smooth
[15:05:19] <@wrbtrader> It's the main reason why my "time away" from the markets increases during the summer...not much to bite on except for intuition stuff.
[15:05:56] <+rickf> yeah .. but the ES pretty much still has much smoother PA than the TF ... TF is like a mixican jumping bean on my DOM
[15:06:13] <+rickf> we'll see
[15:06:39] <+rickf> consumer credit was lukewarm
[15:06:44] <+rickf> still negative
[15:17:41] <+rickf> well at least i am 3 for 3 today ... yay consistency
[15:17:50] <+rickf> and yay patience and proper position sizing
[15:19:54] <@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[15:24:42] <+Inertia>
http://my.jetscreenshot.com/demo/20100806-wply-145kb[15:24:47] <+Inertia> i AM ADDICTED
[15:24:51] <+Inertia> CANNT LEAVE
[15:24:58] <+Inertia> sorry about the caps
[15:25:19] <+rickf> just buy and hold, save the commissions -- feed the addiction for less $$
[15:29:32] <@wrbtrader> Exited Remainder TF Long @ 648.00 --> + 4.2
[15:29:57] <+rickf> this thing may just close up
[15:30:08] <+rickf> "markets are irrational"
[15:32:13] <@wrbtrader> punks
[15:33:31] <@wrbtrader> Long TF @ 649.20 -> small size
[15:33:39] <@wrbtrader> 2 only
[15:33:44] <@wrbtrader> intuition
[15:35:18] <+Inertia> rf
[15:35:41] <+Inertia> I am down 5$ for the week
[15:37:06] <+rickf> not bad
[15:37:18] <+Inertia> that's it. have a good weekend all of you.
[15:37:22] <+rickf> seeya
[15:37:26] <Time4now> bye
[15:37:42] <+Time4now> oh that's the first thing I've said today
[15:37:47] <+Time4now> meh
[15:41:22] <+Inertia> bye
[15:41:47] <@wrbtrader> Long TF @ 648.80 -> small size
[15:41:55] <@wrbtrader> that's an add
[15:42:03] <@wrbtrader> 2 added
[15:43:13] <@wrbtrader> Exited TF Long @ 649.60 --> + 0.8
[15:43:17] <@wrbtrader> Holding 2 contract remainders
[15:45:51] <@wrbtrader> Exited remainder TF Short @ 649.60 -> +0.40
[15:48:58] <@wrbtrader> Long TF @ 649.70 -> small size
[15:49:04] <@wrbtrader> 1 only intuition
[15:49:26] <+rickf> yawwwwn
[15:49:39] <+rickf> those first few trades took a lot of mental energy from me
[15:51:42] <@wrbtrader> Exited TF Long @ 649.90 --> + 0.2
[15:51:56] <@wrbtrader> wanted to ride that one into the close
[15:52:13] <@wrbtrader> hopefully I get another chance within the next 3 mins
[15:53:26] <+rickf> i'm done ...
[15:53:33] <+rickf> have a good w/e .... see you next week
[15:53:50] <@wrbtrader> TF back inside another key price area on the 1min chart
[15:54:48] <@wrbtrader> Long TF @ 649.80 -> small size
[15:54:54] <@wrbtrader> 2 only
[15:54:58] <@wrbtrader> tight stop
[15:58:23] <@wrbtrader> volatility contracting...
[15:58:33] <@wrbtrader> come one...something must pop here soon
[15:59:29] <@wrbtrader> Exited all TF Long @ 649.60 --> - 0.2
[16:00:10] <@wrbtrader> Long TF @ 649.60 -> small size
[16:00:15] <@wrbtrader> 2 only
[16:00:18] <@wrbtrader> same trade as prior
[16:01:11] <@wrbtrader> Exited all TF Long @ 649.00 --> - 0.6
[16:02:02] <@wrbtrader> TF back inside that key price area
[16:02:44] <@wrbtrader> Long TF @ 648.80 -> small size
[16:02:54] <@wrbtrader> 2 only
[16:02:56] <@wrbtrader> intuition
[16:04:11] <@wrbtrader> looks sluggish again after testing this price area...3 in a roll
[16:04:47] <+Time4now> what is "3 in a roll"?
[16:05:02] <@wrbtrader> 3 trades in that area = 3 in a roll
[16:05:23] <+Time4now> ok, i call it 3 in a row
[16:05:30] <+Time4now> but ok
[16:05:45] <@wrbtrader> may get a winner here to make it 2 losers and 1 winner out of those 3 trades
[16:06:28] <+Time4now> have a good weekend
[16:07:54] <@wrbtrader> Exited all TF Long @ 649.50 --> + 0.7
[16:08:24] <+Time4now> good deal
[16:08:25] <+Time4now> seeya
[16:09:10] <@wrbtrader> loss money on those particular 3 trades involving the 4pm rush hour traffic...gave it a good try though
[16:09:19] <@wrbtrader> Take care all and see all on Monday
[16:09:26] <@wrbtrader> Have a good weekend
[16:09:40] * wrbtrader is now known as wrbtrader_away
[16:51:48] <@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 Aug 06 16:58:20 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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