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 Post subject: August 31st Tuesday - Futures, ETFs and Forex Currencies
 Post Posted: Wed Sep 01, 2010 3:25 am 
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Trader / Forum Admin

Joined: Tue Dec 16, 2008 1:02 am
Posts: 2294
Location: Canada
#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 31 09:22:54 2010
Session Ident: #FuturesTrades
[09:22:54] * Now talking in #FuturesTrades
[09:22:54] <@X> [TheStrategyLab.com] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:23:06] <pat255> gm N all
[09:25:32] <Time4now> gm
[09:28:05] <Tigerman> Hi all
[09:28:16] <drt> gm
[09:32:39] <@wrbtrader> Shorts TF @ 599.20 -> small size
[09:32:46] <@wrbtrader> 3 only
[09:33:50] <Inertia> good morning
[09:34:15] <+Inertia> news in 10 min
[09:34:32] <+Inertia> news in 25 min as well
[09:34:58] <@wrbtrader> Shorts TF @ 598.70 -> Add
[09:35:09] <@wrbtrader> 3 added (intuition)
[09:36:15] <+pat255> good start N ..
[09:37:57] <@wrbtrader> Covered 1/2 TF Short @ 597.40 --> + 1.3
[09:40:35] <@wrbtrader> Covered TF Short @ 596.10 --> + 3.1
[09:40:38] <@wrbtrader> Holding 2 contract remainders
[09:41:01] <+Tigerman> good
[09:42:46] <@wrbtrader> Covered Remainder TF Short @ 596.80 --> + 2.4
[09:43:02] <+pat255> vn
[09:43:18] <@wrbtrader> Long TF @ 596.60 -> small size
[09:43:22] <@wrbtrader> 2 only
[09:46:19] <@wrbtrader> Exited all TF Long @ 598.80 --> + 2.2
[09:46:29] <+pat255> S 43.5 paper es
[09:47:26] <+pat255> out -1
[09:48:42] <+Time4now> news?
[09:48:43] <@wrbtrader> Big pop
[09:48:58] <@wrbtrader> Yes...0945am and again will be at 1000am est
[09:49:14] <@wrbtrader> I was exploiting the pre-reaction to those news...
[09:49:34] <@wrbtrader> Usually some decent volatility when there's a 0945am and 1000am est key reports
[09:50:22] <+pat255> yup look at the move
[09:50:54] <+Time4now> maybe it will close that gap
[09:51:35] <@wrbtrader> IWM closed its gap
[09:53:13] <@wrbtrader> Next volatility reaction should be starting soon in the next few mins before the 1000am est report
[09:54:42] <@wrbtrader> Shorts TF @ 601.30 -> small size
[09:54:48] <@wrbtrader> 2 only
[09:54:51] <@wrbtrader> intuition
[09:56:51] <@wrbtrader> tighten stop/loss
[09:57:06] <+Time4now> If only I knew how to invest in hurricanes
[09:59:35] <@wrbtrader> Covered all TF Short @ 598.80 --> + 2.5
[09:59:59] <+pat255> N u t in sync today ...wd
[10:00:04] <@wrbtrader> didn't think that was going to be hit...almost changed to a market out around 599.30
[10:00:43] <+Time4now> that was a nice escape
[10:00:48] <+Tigerman> seems news was good
[10:00:52] <@wrbtrader> Long TF @ 603.40 -> small size
[10:00:57] <@wrbtrader> 2 only
[10:01:00] <@wrbtrader> intuition
[10:03:33] <@wrbtrader> Exited all TF Long @ 602.90 --> - 0.5
[10:03:49] <@wrbtrader> punks
[10:04:00] <+Inertia> i have stopped watching the news only taking notice of the time of the news
[10:04:12] <@wrbtrader> as soon as I adjusted the stop/loss...it got picked instantly.
[10:04:14] <@wrbtrader> :(
[10:04:20] <+Inertia> :(
[10:06:05] <+Inertia> there will always b people who interpret the news backwords to what I think they mean
[10:06:10] <@wrbtrader> I've concluded a month ago that all the "jittery or chop" like price action is just pick pocketing of stops
[10:06:39] <+Time4now> who or how do they benefit from pick pocketing?
[10:06:44] <@wrbtrader> I say that because when I enter a trade...I usually set it for -3 points upon entry (auto set).
[10:06:46] <+Inertia> that means that u assume that the little investor has a large stake in the market
[10:07:07] <+Inertia> which I don't think is the case
[10:07:50] <@wrbtrader> However, I almost immediately soon after entry begin "adjusting" my stop/loss to bring it near -1 and continue adjusting it after that.
[10:08:13] <+Inertia> btw Mark, who are THEY?
[10:08:18] <+Tigerman> how to set stop is not easy
[10:08:25] <+Time4now> yes, the pick pockets
[10:08:31] <@wrbtrader> They is YOU and OTHERS like YOU :)
[10:08:46] <+Inertia> :) seriously.....
[10:09:01] <+Time4now> so we are the punks?
[10:09:07] <+Inertia> :)
[10:09:07] <@wrbtrader> They is anyone trying to "accumulate" or build a position
[10:09:24] <+Inertia> surely I don't fall inot that category
[10:09:31] <@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
[10:09:56] <@wrbtrader> That was a joke unless you're one of those trying to "accumulate" a large position.
[10:10:17] <@wrbtrader> I would say a large position is any thing above 20 contracts
[10:10:21] <+Time4now> maybe in paper mode
[10:10:44] <@wrbtrader> I say that because I don't see often a single order in T&S off 20 contracts and above.
[10:10:49] <@wrbtrader> It happens but not often
[10:11:17] <+Tigerman> yes in TF is true
[10:11:21] <+Time4now> that will be me some day :)
[10:11:27] <+Tigerman> in SP 500 is different
[10:11:41] <+Inertia> I don't think that there are PICK POCKETERS. it's just the way the market moves based on the the emotions of the crowd
[10:12:26] <+pat255> stops getting hit
[10:12:32] <@wrbtrader> I thing there are THOSE trying to be big players in TF but they also know that they can only do such via "accumulation" which is a lot different in comparison to ES.
[10:12:47] <@wrbtrader> I ES you can get in a LARGE position on one single order.
[10:12:54] <@wrbtrader> I = In
[10:13:19] <+Tigerman> yes on contrary for fast trades not move well as TF
[10:13:22] <@wrbtrader> Tough to do that in TF without getting spread killed
[10:15:12] <+Time4now> That must meen ES is better for institutions
[10:15:24] <+Time4now> since they are quite large
[10:17:52] <+pat255> end of month window dressing in effect?
[10:23:24] <+Tigerman> Long TF @ 605.5
[10:25:18] <+Tigerman> Exited TF Long @ 605.5 --> 0
[10:25:18] <+Tigerman> Reverse and Enter Short TF @ 605.5
[10:25:45] <+Tigerman> Covered all TF Short @ 605.4 --> + 0.1
[10:26:04] <werner> gm all
[10:26:05] <+Tigerman> fast price action to post
[10:30:47] <+werner> Long NQ @ 1774.75
[10:33:08] <+werner> Exited all NQ Long @ 177.50 --> - 1597.25
[10:33:12] <+pat255> hi werner
[10:33:28] <+werner> hi pat .oeps
[10:33:46] <+werner> Exited all NQ Long @ 1777.50 --> + 2.75
[10:33:50] <+pat255> vn
[10:34:01] <+werner> tx ;)
[10:34:57] <+pat255> tried 1 S stopped ...now a bit extended
[10:37:35] <+Tigerman> Shorts TF @ 604.6
[10:37:38] <+werner> :(,maybe some sup a littel lower
[10:38:57] <+werner> Long NQ @ 1769.75
[10:39:28] <+Tigerman> Covered all TF Short @ 603.10 --> + 1.5
[10:42:35] <+Tigerman> see next time
[10:47:43] <+pat255> high vol scary but N exploits it well
[10:51:42] <+werner> Exited all NQ Long @ 1771.75 --> + 2
[10:51:50] <+werner> pff
[10:53:40] <@wrbtrader> Long TF @ 604.90 -> small size
[10:53:48] <@wrbtrader> 2 only
[10:54:16] <@wrbtrader> Looks like 604.20 was the better entry
[10:54:45] <@wrbtrader> Exited all TF Long @ 604.10 --> - 0.8
[10:54:50] <+pat255> geez look at the drops in TF ..oh my
[10:54:56] <@wrbtrader> will try again
[10:55:44] <@wrbtrader> Long TF @ 603.70 -> small size
[10:55:51] <@wrbtrader> 3 only
[10:57:56] <@wrbtrader> hammering at support :(
[11:00:04] <@wrbtrader> shallow WRB price action so far after entry :(
[11:01:17] <@wrbtrader> Exited 2/3 TF Long @ 604.60 --> + 0.9
[11:01:50] <+werner> bbl
[11:01:54] <@wrbtrader> trail @ profit
[11:02:00] <+pat255> vn
[11:03:05] <@wrbtrader> too afraid to "adjust" my trail a second time...don't want the market to remember me again.
[11:03:07] <@wrbtrader> :)
[11:03:16] <+pat255> lol
[11:04:05] <@wrbtrader> If this can get above 605.10 it'll allow me to better manage this trade via a market order
[11:06:47] <@wrbtrader> Exited Remainder TF Long @ 604.00 --> + 0.3
[11:10:46] <@wrbtrader> Shorts TF @ 602.00 -> small size
[11:10:50] <@wrbtrader> 2 only
[11:10:52] <@wrbtrader> intuition
[11:10:56] <@wrbtrader> support failure
[11:11:20] <@wrbtrader> lets see if it doesn't re-strengthen
[11:12:58] <@wrbtrader> It's fighting hard to get that support back
[11:13:33] <@wrbtrader> :(
[11:13:56] <@wrbtrader> Covered all TF Short @ 602.10 --> - 0.1
[11:14:03] <+pat255> y
[11:14:03] <@wrbtrader> looking bullish
[11:14:25] <+pat255> or S at higher level
[11:14:46] <@wrbtrader> Long TF @ 602.60 -> small size
[11:14:50] <@wrbtrader> 2 only
[11:16:37] <@wrbtrader> trailing @ profit
[11:18:26] <@wrbtrader> Exited all TF Long @ 603.10 --> + 0.5
[11:39:31] <@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
[11:49:32] <+werner> mmm, idont know here in this price action....bbl
[11:53:37] <codehead> ES 1054.75 is fib
[11:55:09] <+codehead> .618
[11:55:20] <+codehead> NQ hod was .618 plus 1 tick
[12:19:30] <+pat255> k guys c u all later ty all
[12:19:35] <+pat255> back to office
[12:58:10] <+codehead> 1768.00 is upp
[12:58:14] <+codehead> on NQ
[12:58:25] <+codehead> 1768.50 is also symmetry
[12:58:31] <+codehead> supp not upp
[12:59:15] <+codehead> 1765 after that
[13:00:25] <+codehead> 1765.50-.00
[13:09:32] <@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
[14:27:07] <+werner> Long NQ @ 1769..00
[14:27:43] <Inertia> crashed :(
[14:36:32] <@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
[14:37:19] <+werner> Exited all NQ Long @ 1766.00 --> + 1766.00 - 1769..00
[14:38:00] <+werner> Exited all NQ Long @ 1766..00 --> + 1766..00 - 1769..00
[14:38:08] <+werner> mmm
[14:38:13] <+werner> -3
[14:53:14] <+werner> Long NQ @ 1761.00
[14:56:01] <+werner> bbl...stops are in
[15:29:42] <+werner> back
[15:29:59] <+werner> Exited all NQ Long @ 1764.00 --> + 3
[15:30:13] <+werner> lukky...gn all
[16:00:43] <+Time4now> best paper trading day in a while
[16:03:18] <+Time4now> seeya
[16:06:33] <@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
Session Close: Tue Aug 31 16:59:25 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=5

The 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:

Image CME Emini Futures EMD, ES and NQ

Image ICE Emini TF Futures (formerly CME ER2)

Image CBOT mini-sized Dow Futures YM

Image Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50

Image Eurex Fixed Income Derivatives (futures) BUND, BOBL and Schatz

Image Euronext Futures FTSE-100 and CAC-40

Image CME Futures EuroFX 6E and EC

Image Treasury Futures T-Notes ZT, ZN, ZF and T-Bonds ZB

Image Forex Currencies GBPUSD, EurUsd, EurYen and UsdCdn

Image Exchange Traded Funds VXX, DIA, IWM, QQQQ, SPY, BGU, FAS, FAZ, TNA, OIH, XLE and GLD

Image NYMEX Energy Futures Light Crude Oil CL, e-miNY QM and Natural Gas NG

Image COMEX Metal Futures Gold GC, mini-Gold YG, Copper HG and Silver SI

Image 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)
Image@ http://twitter.com/wrbtrader or http://stocktwits.com/wrbtrader

Phone: +1 708 572-4885
Business Hours: 8am - 5pm est (Mon - Fri)
Skype Messenger: kebec2002
questions@thestrategylab.com
Go Back To TheStrategyLab.com Homepage


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