#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: Wed Aug 11 09:14:10 2010
Session Ident: #FuturesTrades
[09:14:10] * Now talking in #FuturesTrades
[09:14:10] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:16:18] <pat255>
all
[09:17:10] <+pat255> wow red red continues
[09:25:45] <@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[09:28:33] <@wrbtrader> Eurex BUND still powering upwards.
[09:29:18] <drt>
everyone
[09:29:26] <rickf>
[09:31:22] <+pat255> relemless
[09:33:51] <+pat255> just selling
[09:39:52] <pdays> Long ES @ 1097.25
[09:45:35] <+pdays> Exited all ES Long @ 1096.0 --> - 1.25
[09:53:42] <@wrbtrader> low volatility range from hell
[09:53:57] <@wrbtrader> pain in the butt when it occurs between 0930am - 1000am est
[09:54:18] <@wrbtrader> In fact, it's very unusual to see this type of price action so soon in the morning session
[09:54:23] <+pat255> still S the bounces
[09:54:42] <+pat255> yes afte this big drop expected
[10:03:47] <+pdays> Long ES @ 1096.5
[10:05:04] <+pdays> Exited all ES Long @ 1097.25 --> + 0.75
[10:16:53] <Inertia> I would like 2 b a broker. I would b making a killing
[10:21:55] <+Inertia> hopefully the train will start chugging along after the oil news
[10:32:06] <@wrbtrader> Shorts TF @ 627.90 -> small size
[10:32:19] <@wrbtrader> 3 only
[10:33:24] <@wrbtrader> horrible entry but I'm lucky so far
[10:37:47] <+pat255> that is the kind of pb kills me ..
[10:37:53] <@wrbtrader> Covered 1/3 TF Short @ 626.90 --> + 1
[10:38:01] <+pat255> N hung in there with the pb...wtg
[10:42:07] <@wrbtrader> Covered Remainder TF Short @ 627.80 --> + 0.1
[10:43:56] <@wrbtrader> Shorts TF @ 627.10 -> small size
[10:44:02] <@wrbtrader> 2 only
[10:44:05] <@wrbtrader> intuition
[10:45:44] <@wrbtrader> Covered all TF Short @ 626.00 --> + 1.1
[10:46:50] <+pat255> vn
[10:55:45] <@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[11:00:56] <@wrbtrader> That big or HUGE gap down at the open on the regular session charts was huge in relationship to the past few trading days.
[11:02:05] <@wrbtrader> It gapped below I think something like 12 trading days.
[11:02:21] <@wrbtrader> That a gigantic change in supply/demand
[11:03:16] <@wrbtrader> It must have shaved the heads of a ton of swing trading Longs
[11:05:44] <+pat255> yup
[11:20:03] <+pat255> oh my
[11:40:06] <+pdays> Long ES @ 1090.25
[11:43:48] <+pdays> exit stop moved to breakeven ES @ 1090.25
[11:45:25] <@wrbtrader> Shorts TF @ 623.40 -> small size
[11:45:31] <@wrbtrader> 2 only
[11:46:32] <@wrbtrader> without the volatility...will be tough to hang on to any Shorts or Longs
[11:46:45] <+pdays> Exited all ES Long @ 1090.25 --> 0
[11:56:16] <@wrbtrader> Covered all TF Short @ 624.30 --> - 0.9
[12:02:18] <@wrbtrader> Shorts TF @ 623.40 -> small size
[12:02:22] <@wrbtrader> 3 only
[12:02:24] <@wrbtrader> intuition
[12:07:02] <@wrbtrader> Covered all TF Short @ 623.20 --> + 0.2
[12:07:16] <@wrbtrader> Long TF @ 623.40 -> small size
[12:07:23] <@wrbtrader> 1 only
[12:07:26] <@wrbtrader> intuition
[12:07:41] <@wrbtrader> saw that one just in time
[12:09:02] <codehead> nice
[12:09:35] <+codehead> yeah was wondering, i had signal for bounce try
[12:18:50] <@wrbtrader> tough stuff today
[12:18:57] <JimL> Long EC @ 1.2901 «« simulator »»
[12:19:44] <+JimL> 4
[12:19:53] <@wrbtrader> Exited all TF Long @ 622.60 --> - 0.8
[12:25:46] <@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[12:28:28] <@wrbtrader> support failure
[12:29:12] <+JimL> exit stop raised EC @ 1.2902 «« simulator »»
[12:29:44] <+JimL> Trailing Stop Hit EC @ 1.2902 --> + 0.0001 «« simulator »»
[12:30:12] <+JimL> should have gone w/TF :<
[12:33:26] <+JimL> try this again for a runner
[12:33:37] <+JimL> Long EC @ 1.2907 «« simulator »»
[12:33:40] <+JimL> 4
[12:36:17] <+JimL> exit stop raised EC @ 1.2908 «« simulator »»
[12:37:12] <+JimL> Trailing Stop Hit EC @ 1.2908 --> + 0.0001 «« simulator »»
[12:37:39] <@wrbtrader> TF fights very hard at every "obvious" levels
[12:37:53] <@wrbtrader> I think its where most of the shake outs are occurring
[12:41:06] <+JimL> i'm EC for the 6E
[12:41:16] <+JimL> using
[12:42:09] <@wrbtrader> Shorts TF @ 621.40 -> small size
[12:42:22] <@wrbtrader> 1 only
[12:42:29] <@wrbtrader> intuition
[12:43:32] <+JimL> Shorts EC @ 1.2892 «« simulator »»
[12:43:41] <+JimL> 4
[12:44:28] <@wrbtrader> Covered TF Short @ 621.00 --> + 0.4
[12:45:45] <+JimL> exit stop lowered EC @ 1.2890 «« simulator »»
[12:46:17] <+JimL> Covered 1/4 EC Short @ 1.2882 --> + 0.001 «« simulator »»
[12:48:07] <+JimL> exit stop lowered EC @ 1.2889 «« simulator »»
[12:48:23] <+codehead> long 1839.00 NQ 1.25 stop
[12:49:04] <+codehead> exit NQ +.25
[12:50:22] <+codehead> 1834.00-.50, 1831.50 below
[12:51:58] <+JimL> Covered 1/4 EC Short @ 1.2882 --> + 0.001 «« simulator »»
[13:03:02] <+JimL> hungry pls break 1 way or the other...
[13:05:56] <+JimL> can't wait now too many distraction here
[13:06:12] <+JimL> Covered all EC Short @ 1.2884 --> + 0.0008 «« simulator »»
[13:31:36] <+codehead> spliiiit!
[13:56:14] <Time4now> sometimes when the vxx and the tf sinc up, they tend to be very volitile
[13:56:51] <+Time4now> volatile
[13:58:07] <+Time4now> at 1351 tf and vxx both droppend together
[13:58:34] <+Time4now> when vxx turned up, tf was able to continue downwards
[14:12:30] <+Time4now> Where did everyone go?
[14:18:49] <@wrbtrader> I think most just gave up with this kind of price action
[14:19:33] <+Time4now> I don't think it's too bad
[14:20:46] <@wrbtrader> I myself am exhausted after only getting a few hours of
last night...had to
on my kid floor last night (not comfortable even with a
ing mat) because he was scared
[14:21:02] <@wrbtrader> first time in awhile the little one got scared like that from a nightmare
[14:21:49] <+Time4now> I haven't been having the best nights
either
[14:22:10] <+Time4now> waiting to see if i'm going to Afganistan next month
[14:22:52] <@wrbtrader> You in the reserves
[14:23:04] <+Time4now> no, as a contractor
[14:23:48] <@wrbtrader> geeesh
[14:24:10] <+Time4now> building more trading capital
[14:24:30] <@wrbtrader> I have two neighbors (next door and one several houses down the street) in the military.
[14:25:13] <@wrbtrader> One recently came back from his 2nd tour in Afganistan and the other from Irag...both high ranking officers.
[14:25:40] <@wrbtrader> neither wants to go back
[14:26:04] <+Time4now> yes, but they will get paid well here or there
[14:26:26] <+Time4now> I only get paid well there
[14:26:46] <+Time4now> i've been to iraq but not Afghanistan
[14:28:00] <@wrbtrader> Is it a large % pay well for contractors over there
[14:28:23] <+Time4now> If I get the possition, it will be more than i've ever made before
[14:28:47] <@wrbtrader> I mean...whatever it is...I wouldn't do it unless it was 5 - 10x my normal pay
[14:29:20] <+Time4now> I guess it's just 3-4 times what I would get here
[14:29:34] <@wrbtrader> Make sure you get a dark tan and let your beard grow before going over there...
[14:29:41] <@wrbtrader> Don't want to be too pale face
[14:29:42] <+Time4now> but there is nothing to spend your money on,
[14:30:35] <+Time4now> no rent or food or insurance
[14:30:46] <+Time4now> so that is a plus
[14:31:09] <+Time4now> Since I have hopes and dreams of becoming a futures trading hero
[14:31:18] <+Time4now> I am going to need the money
[14:38:22] <@wrbtrader> I hope the price action here in the market is a lot better when you return...
[14:38:36] <@wrbtrader> It hasn't been too good to trade the past few weeks
[14:39:19] <+Time4now> I plan on studying the whole time
[14:39:35] <+Time4now> well, during the time I'm not working
[14:40:30] <+Time4now> I don't know what the internet will be like though
[14:40:48] <+Time4now> I might not get to practice sim
[14:40:54] <@wrbtrader> We had two part-time members in here prior to 911 and they worked in the World Trade Center.
[14:41:26] <@wrbtrader> They were in here just before the planes hit the buildings...
[14:41:34] <@wrbtrader> Haven't heard from them since
[14:41:39] <+Time4now> wow
[14:42:06] <@wrbtrader> Shorts TF @ 621.10 -> small size
[14:42:14] <@wrbtrader> 2 only
[14:42:20] <@wrbtrader> a little late on the entry
[14:42:26] <@wrbtrader> but had some feared
[14:42:49] <@wrbtrader> Anyways...I emailed those guys and never got any reply.
[14:43:07] <+Time4now> well I'm sorry to hear that
[14:43:09] <@wrbtrader> After that...assummed they were killed
[14:44:49] <@wrbtrader> My point...make sure you return. I need to say that considering I'm an ex military guy.
[14:45:09] <+Time4now> that's my plan
[14:45:34] <+Time4now> I have not been over there as a civilian before
[14:46:15] <+Time4now> but I won't be leaving the base
[14:46:17] <@wrbtrader> First short of the day where I had some quick follow-through after entry without the chop retracement that takes me out to only then watch it drop several more points
[14:46:40] <+Time4now> this is a good run
[14:49:53] <@wrbtrader> Covered 1/2 TF Short @ 619.90 --> + 1.2
[14:57:50] <@wrbtrader> I don't think brokers are too happy today...most traders just gave up or just staring at the monitor because it's tough to find trades.
[14:58:53] <@wrbtrader> Covered Remainder TF Short @ 619.00 --> + 2.1
[15:02:53] <+codehead> i had a friend in a very small private chat room a few years ago, and American working in the area that got hit by that tsunami some years back
[15:03:01] <+codehead> we never heard form him again :-(
[15:03:32] <@wrbtrader> sad
[15:03:56] <+codehead> hoping he just got stuff wiped out
[15:04:29] <+Time4now> this is a bit of a bummer day
[15:04:31] <@wrbtrader> I've seen death several times...can easily imagine how folks just vanish off the internet (never heard from again).
[15:05:31] <@wrbtrader> Reason why I gave my spouse "instructions" that if something happens to me...to log on and make an announcement along with posting info at my website and forum.
[15:06:38] <@wrbtrader> Neighbor that just got back from Iraq (his 2nd tour)...
[15:07:06] <@wrbtrader> He's been drunk almost every day and has had wild women leaving the house every other day.
[15:07:18] <+codehead> whew
[15:07:23] <@wrbtrader> Can't blame him
[15:07:38] <@wrbtrader> Letting off some steam I guess
[15:08:46] <@wrbtrader> He goes back on duty in 3 weeks...will soon start seeing him get back to normal before reporting back to base.
[15:09:02] <+codehead> trying to think who was telling me... their cousin i think it was, he was about to kick in a door, his partner said "naw, it's my turn", kciked it in, his leg was blown off
[15:09:09] <+codehead> boobytrapped
[15:09:37] <+codehead> NQ stronger that the others, pb likely bought
[15:10:12] <@wrbtrader> Long TF @ 620.10 -> small size
[15:10:16] <@wrbtrader> 2 only
[15:10:28] <@wrbtrader> thanks codehead for the heads up on NQ
[15:10:36] <@wrbtrader> lets see if others follow NQ
[15:10:43] <@wrbtrader> if not...should only be a small loss
[15:11:55] <+codehead> short frame a little saturated, but might get bought, longer frame trying to turn up
[15:15:45] <+codehead> that's "but dip might get bought"
[15:16:35] <@wrbtrader> Exited all TF Long @ 619.70 --> - 0.4
[15:17:47] <+codehead> ES has support 1085.50-1084.75
[15:17:49] <+rickf> back
[15:17:50] <@wrbtrader> Shorts TF @ 619.40 -> small size
[15:18:01] <@wrbtrader> 2 only
[15:19:34] <+rickf> geez i come back to talk about death and post-mortem announcements. oh, happy day
[15:19:48] <@wrbtrader> trade error (saw something that really wasn't there)
[15:20:08] <+codehead> NQ sitll the best here
[15:21:12] <@wrbtrader> Covered all TF Short @ 619.60 --> - 0.2
[15:22:01] <@wrbtrader> volatility increasing
[15:25:52] <@wrbtrader> Long TF @ 619.60 -> small size
[15:25:59] <@wrbtrader> 2 only
[15:27:40] <+codehead> long NQ 1844.00 <paper>
[15:29:45] <+codehead> exit NQ +.75 <paper>
[15:30:26] <+codehead> above 1845 should get a little
[15:31:02] <+codehead> wedging
[15:31:51] <@wrbtrader> there not giving Longs anything today
[15:32:06] <@wrbtrader> just chump change
[15:32:20] <+codehead> there it goes
[15:36:01] <@wrbtrader> Exited 1/2 TF Long @ 621.00 --> + 1.4
[15:36:11] <+codehead> nice
[15:36:23] <@wrbtrader> Exited Remainder TF Long @ 620.60 --> + 1
[15:36:27] <@wrbtrader> geeesh
[15:36:35] <+codehead> NQ got stopped at same high as before--.618
[15:36:36] <@wrbtrader> they push that back down quickly
[15:44:22] <@wrbtrader> Shorts TF @ 619.90 -> small size
[15:44:28] <@wrbtrader> intuition
[15:44:33] <@wrbtrader> 3 only
[15:46:35] <@wrbtrader> tighten stop
[15:47:11] <@wrbtrader> Covered all TF Short @ 620.20 --> - 0.3
[15:47:28] <@wrbtrader> volatility still increasing
[15:48:19] <@wrbtrader> Shorts TF @ 619.80 -> medium size
[15:48:23] <@wrbtrader> 4 only
[15:48:26] <@wrbtrader> trying again
[15:48:28] <@wrbtrader> intuition
[15:49:38] <@wrbtrader> Covered 1/2 TF Short @ 619.50 --> + 0.3
[15:50:51] <@wrbtrader> thought I had 6 ticks and they only gave me 3 ticks
[15:50:56] <+codehead> ES and Ym sitll pretty close to lod
[15:51:06] <+codehead> not letting those trapped by gap out
[15:51:57] <@wrbtrader> I saw a ton of Longs buying via the posted trades on Twitter in SPY and ES
[15:52:15] <@wrbtrader> Looks like they could get stuck
[15:52:57] <+codehead> yeah sheesh
[15:53:37] <+Time4now> woops, missed most of the action here
[15:55:39] <@wrbtrader> Covered Remainder TF Short @ 618.60 --> + 1.2
[15:56:44] <@wrbtrader> Long TF @ 619.70 -> small size
[15:56:50] <@wrbtrader> 3 only
[15:56:52] <@wrbtrader> intuition
[15:58:14] <@wrbtrader> Exited all TF Long @ 619.80 --> + 0.1
[15:58:24] <@wrbtrader> chop showed up
[16:00:42] <@wrbtrader> Long TF @ 620.10 -> small size
[16:00:48] <@wrbtrader> 2 only
[16:00:50] <@wrbtrader> intuition
[16:01:33] <@wrbtrader> tighten stop
[16:02:30] <@wrbtrader> Exited all TF Long @ 619.80 --> - 0.3
[16:02:55] <@wrbtrader> Shorts TF @ 619.60 -> small size
[16:03:01] <@wrbtrader> 3 only
[16:03:05] <@wrbtrader> intuition
[16:05:34] <@wrbtrader> what's up with the sudden drop
[16:05:40] <@wrbtrader> meant
[16:05:41] <+codehead> hm
[16:05:48] <+codehead> margin call only?
[16:05:53] <+codehead> or something else?
[16:05:59] <@wrbtrader> Covered 1/3 TF Short @ 618.80 --> + 0.8
[16:06:29] <@wrbtrader> Covered 1/3 TF Short @ 618.90 --> + 0.7
[16:07:03] <@wrbtrader> Covered Remainder TF Short @ 619.40 --> + 0.2
[16:07:46] <@wrbtrader> strange price drop to put a period on a strange downtrend day that gave few Short re-entries
[16:07:53] <+codehead> i closed my news already, just before top of the hour
[16:08:34] <@wrbtrader> Best entry (trade signal) occurred in the pre market while I was still taking a shower getting ready for the day
[16:12:01] <@wrbtrader> I think the key price action of the day was the low volatility contraction that showed up soon after the Open...after the big gap down.
[16:12:25] <@wrbtrader> In some ways...it kepted many traders (including me) on the sidelines.
[16:12:49] <@wrbtrader> then when the market breakout (up then down) there still wasn't much faith
[16:13:11] <@wrbtrader> Next thing...that creeper downtrend continuation showed up
[16:13:37] <@wrbtrader> tough to get short in that kind'uv price action
[16:14:26] <+codehead> you sure could see volume peaks on the tops
[16:18:34] <@wrbtrader> The more I see trading days like today...the more I miss trading in the pre market between 0800am - 0900am est.
[16:19:09] <@wrbtrader> Unfortunately I'm the designated driver for gettign the kids to school or day camp.
[16:19:17] <@wrbtrader> Take care all and see all tomorrow
[16:19:23] * wrbtrader is now known as wrbtrader_away
Session Close: Wed Aug 11 17:11:17 2010
-------------------------
#FuturesTrades is
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Reminder, our
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M.A. Perry
Trader and Founder of
WRB Analysis (wide range body analysis)
@
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