#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 12 08:12:32 2010
Session Ident: #FuturesTrades
[08:12:32] * Now talking in #FuturesTrades
[08:12:32] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[08:34:24] <@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[09:12:12] <rickf>
[09:22:54] <@wrbtrader> Just got in...
[09:23:11] <@wrbtrader> geeesh...another big move downwards in the pre- market before the normal open
[09:23:15] <@wrbtrader>
[09:23:45] <+rickf> yup
[09:23:47] <Time4now> pretty crazy
[09:23:53] <@wrbtrader> That type of price action has been taking the energy out of the price action the first hour of trading...
[09:24:02] <@wrbtrader> Making it very difficult to trade that first hour.
[09:25:31] <+rickf> first hour now is 0745 -- 0930 it seems
[09:25:35] <+rickf> big moves in the premarket
[09:29:48] <drt>
all
[09:31:28] <@wrbtrader> Yeah...the bigger the GAPs...the more traders I see LESS posting on twitter and IRC.
[09:31:46] <@wrbtrader> Hmmm...almost as if most are swing trading and getting spooked
[09:33:23] <@wrbtrader> Long TF @ 608.80 -> small size
[09:33:30] <@wrbtrader> 3 only
[09:34:07] <+rickf> i've tuned most trading-twitters out
[09:34:18] <+rickf> too much noise
[09:34:53] <@wrbtrader> You can choose whom shows up in your tweets.
[09:35:14] <@wrbtrader> Only about 2% of the trading tweets make it to my tweet screen
[09:35:26] <+rickf> yeah but then i fall behind and forget to check my lists ... so i end up marking-all in the list as read
[09:35:27] <@wrbtrader> I've choosen particular traders to follow
[09:35:37] <@wrbtrader> ahhh...ok
[09:35:49] <+rickf> i only follow 4 or 5 traders ... most of which are links to RSS feeds that I do track
[09:36:06] <+rickf> i think you're the only day 'trader' i follow
[09:36:36] <@wrbtrader> Exited 1/3 TF Long @ 610.30 --> + 1.5
[09:41:29] <@wrbtrader> Exited 1/3 TF Long @ 611.10 --> + 2.3
[09:41:49] <+rickf> nice vade
[09:43:01] <@wrbtrader>
However, the way the price action has been behaving after the first 10 mins of trading...this may be as good as it's going to get for me in terms of points per trade.
[09:43:35] <@wrbtrader> Last few weeks...very difficult to trade after 0945am est
[09:43:49] <+rickf> yeah really
[09:43:56] <+rickf> big move then chop around until 1530
[09:44:01] <+rickf> bBORING
[09:46:25] <+rickf> short tf 613 paper
[09:47:20] <@wrbtrader> Exited Remainder TF Long @ 613.80 --> + 5
[09:47:41] <@wrbtrader> volatility spike out of no where
[09:48:01] <@wrbtrader> almost as if this market wants to do something crazy like "fill in that BIG GAP".
[09:48:02] <@wrbtrader>
[09:50:32] <@wrbtrader> A little surprising considering Oil and Gold aren't keeping the same pace.
[09:50:40] <@wrbtrader> In fact, they're ranging
[10:01:25] <@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[10:03:11] <+rickf> exit tf 612.5 +.5 paper
[10:03:18] <+rickf> now it'll break
[10:03:34] <+rickf> punks.
[10:03:46] <+rickf> held thru that chop but not long enough.
[10:04:32] <+rickf> guess i should be happy that i didn't panic during the chop
[10:04:42] <+rickf> and managed to hold for a profit
[10:05:24] <+rickf> not as much as i was looking for, but the price to pay for early exit ... had the right analysis, just lousy timing
[10:08:37] <+rickf> *pre-emptive yawn*
[10:13:34] <Inertia> made 13 ticks in sim RRRRRRRRRRRRRRRRRRRRRRRRRR
[10:14:01] <+Inertia> forgot to switch to live
[10:14:32] <@wrbtrader> Shorts TF @ 614.60 -> small size
[10:14:36] <@wrbtrader> 2 only
[10:14:37] <@wrbtrader> intuition
[10:14:49] <+rickf> for me, it's simple -- my sim is in my windows environment; my live is on my mac
[10:14:52] <+rickf> l)
[10:15:09] <+rickf> but been there myself
[10:15:40] <+rickf> a while back i was trading live when i thought i was sim ... that's why i changed to this setup.
thankfully i was profitable!
[10:16:01] <+rickf> plus i can use other tools (ie NT) to sim trade and try stuff out ... cant do that on the Mac side
[10:16:29] <@wrbtrader> stalling at support
[10:16:30] <+Inertia> I put a sticker on my monitor to verufy that I am live but took it off. did not make this mistake for a long time.
[10:16:43] <@wrbtrader> tightning stop
[10:16:53] <@wrbtrader> support failure
[10:16:56] <+rickf> kind of like how they use stickers in the navy to show LOADEd/EMPTY on their torpedo tubes. good idea!
[10:17:51] <@wrbtrader> Covered 1/2 TF Short @ 613.30 --> + 1.3
[10:18:16] <+Inertia> I am a bit confused today b/c I am starting to document all my trades on paper (not only pictures) so was busy with the spreadsheet
[10:18:45] <@wrbtrader> On that rollover at the top...I saw some size and not those 1 - 2 contract trades controlling the price action as of late
[10:19:21] <@wrbtrader> Covered Remainder TF Short @ 612.50 --> + 2.1
[10:20:10] <@wrbtrader> Wow...two consective nice trades for me...that's a first in awhile.
[10:20:20] <@wrbtrader> brings tears to my eyes
[10:20:25] <Time4now> the ym showed the dark inverted hammer reversal I remember you mentioning at elite trader
[10:21:05] <@wrbtrader> Yes
[10:21:37] <@wrbtrader> By the way, I still think this price action is going to try to fill in the GAP
[10:22:01] <@wrbtrader> I just see too many "brave" Longs out there trying to accumulate a position
[10:31:29] <@wrbtrader> Glad to see Oil moving soon after 10am est
[10:44:32] <+rickf>
[10:44:45] <JimL> Long EC @ 613.9 «« simulator »»
[10:44:54] <+JimL> tf
[10:45:27] <+JimL> Exited 1/2 EC Long @ 614.9 --> + 1 «« simulator »»
[10:50:18] <@wrbtrader> Shorts TF @ 615.20 -> small size
[10:50:21] <@wrbtrader> 2 only
[10:50:31] <@wrbtrader> won't hang around too long in this short
[10:50:34] <@wrbtrader> tight stop
[10:51:10] <@wrbtrader> Covered all TF Short @ 615.60 --> - 0.4
[10:51:37] <@wrbtrader> Long TF @ 616.60 -> small size
[10:51:43] <@wrbtrader> 2 only
[10:51:45] <@wrbtrader> intuition
[10:52:06] <@wrbtrader> late...should have done a position reversal on that exit of the losing prior short position
[10:53:37] <+JimL> Exited 1/4 EC Long @ 617.5 --> + 3.6 «« simulator »»
[10:54:35] <@wrbtrader> Exited all TF Long @ 617.80 --> + 1.2
[10:56:37] <@wrbtrader> FYI - When I talk about Gap fills in the Eminis...I'm usually using the QQQQ, SPY, IWM and DIA because of a data vendor problem with my Eminis charts whenever I switch from all session (globex) to regular session charts.
[10:57:39] <+JimL> Exited Remainder EC Long @ 616.5 --> + 2.6 «« simulator »»
[11:00:00] <+Inertia>
http://my.jetscreenshot.com/demo/20100812-r1gi-55kb[11:08:59] <+JimL> Shorts TF @ 615.4 «« simulator »»
[11:09:07] <+JimL> 2
[11:11:48] <+JimL> Covered 1/2 TF Short @ 615 --> + 0.4 «« simulator »»
[11:12:26] <+JimL> exit stop lowered TF @ 615.3 «« simulator »»
[11:12:35] <+JimL> Trailing Stop Hit TF @ 615.3 --> + 0.1 «« simulator »»
[11:16:03] <+Inertia>
http://my.jetscreenshot.com/demo/20100812-3fdj-50kb[11:16:20] <+Inertia> perfect entry , by the rules - chickened out
[11:31:25] <@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[11:34:48] <+JimL> Shorts TF @ 619.2 «« simulator »»
[11:34:49] <+JimL> 2
[11:35:23] <+JimL> Covered 1/2 TF Short @ 618.7 --> + 0.5 «« simulator »»
[11:36:47] <+JimL> exit stop lowered TF @ 618.5 «« simulator »»
[11:47:31] <+JimL> Trailing Stop Hit TF @ 618.5 --> + 0.7 «« simulator »»
[11:47:53] <+JimL> done for day pc problems
[12:04:28] <+Time4now> bad internet connection today
[12:58:26] <@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[13:14:12] <+rickf> back
[13:14:19] <+rickf> aaaaand missing nothing i see
[14:28:26] <@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[15:25:01] <@wrbtrader> punks
[15:25:03] <@wrbtrader> no fill
[15:35:31] <+rickf> *snore* did someone say something?
[15:35:39] <+rickf>
[15:35:53] <+rickf> same mid-day pa it seems
[15:37:15] <Time4now> I didn't really watch the market today, too tired
[15:37:28] <+rickf> i was writing .... too boring
[15:41:41] <+rickf> ok shutting down ... another hellish storm cell moving in. as if this morning's surprise wasn't bad enough.
[15:41:46] <+rickf> see you tomorrow
[15:57:20] <@wrbtrader> creeper price action into the close
[15:57:32] <@wrbtrader> on very low low low volatility
[15:58:27] <@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-------------------------
#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)
Skype Messenger: kebec2002
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