#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 Sep 07 09:12:28 2010
Session Ident: #FuturesTrades
[09:12:28] * Now talking in #FuturesTrades
[09:12:28] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:27:05] <werner>
all
[09:28:11] <@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[09:29:17] <drt>
[09:29:19] <Tigerman> hi all
[09:30:33] <pat255>
all
[09:32:03] <Inertia> good norning
[09:37:51] <@wrbtrader> Good morning all
[09:37:59] <Sidhartha>
all
[09:38:47] <+pat255>
[09:39:11] <@wrbtrader> Looks like Gold $GC_F futures is hot this morning...many people trying to figure out why
[09:39:59] <+Sidhartha> is that the Nymex traded Oct contract wrbtrader...
[09:40:05] <+Sidhartha> sorry Comex
[09:40:21] <@wrbtrader> Z contract
[09:42:40] <+Sidhartha> not being a gold trader, is there an obvious reason all the volume is in Dec rather than Oct or Nov...
[09:44:12] <@wrbtrader> I don't understand it too but I'm sure there's a reason why the "volume is always in the furthest contract"
[09:45:21] <+Tigerman> nasdaq strong this morning
[09:46:34] <+Tigerman> I wanna short
[09:49:33] <+Tigerman> Shorts TF @ 636.5
[09:50:24] <+Tigerman> Covered all TF Short @ 635.8 --> + 0.7
[09:50:40] <+pat255> vn
[09:50:49] <+Tigerman> but got some loss not reported too fast action
[09:51:08] <+pat255> L 96.5 oredr in
[09:53:15] <+pat255> filled
[09:58:04] <+pat255> out -1.5
[10:08:10] <@wrbtrader> I'm just amazed at all the "misinformation" about Gold in the news today...
[10:08:42] <@wrbtrader> Some reports has it "down" while others say its "up slightly" and some say it's near a high
[10:09:12] <@wrbtrader> Even some still on the prior contract
[10:10:33] <+pat255> gold is way above my head ...volatile & extended
[10:11:46] <+drt> would be interesting to compare average volume increase furtherest out to next exp
[10:14:09] <@wrbtrader> Usually when something like Oil or Gold is moving strongly or near record highs or lows...the Eminis have a strong move themselves.
[10:14:25] <@wrbtrader> However, usually there's some info about the move in Oil or Gold...
[10:14:41] <@wrbtrader> Today, involving Gold, very little or contradicting info.
[10:19:46] <+werner>
[10:29:40] <+pat255> no reports today tepid action
[10:38:26] <+Tigerman> Shorts TF @ 633.2
[10:40:04] <+Tigerman> Covered all TF Short @ 633.2 --> 0
[10:40:33] <@wrbtrader> Long TF @ 634.30 -> small size
[10:40:47] <@wrbtrader> 2 only
[10:41:03] <@wrbtrader> intuition because of a late entry
[10:54:48] <@wrbtrader> Exited all TF Long @ 633.40 --> - 0.9
[10:55:28] <@wrbtrader> Shorts TF @ 633.00 -> small size
[10:55:33] <@wrbtrader> 3 only
[10:57:08] <@wrbtrader> Covered all TF Short @ 633.60 --> - 0.6
[10:57:35] <@wrbtrader> these counter-thrust have been a pain for the past few months to only see them turn back around
[10:57:50] <+pat255> y choping around here ...
[10:57:55] <@wrbtrader> Thus, I'm waiting now for price to suddenly reverse back downwards
[10:58:12] <@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[10:58:18] <+pat255>
meeting ..
[10:58:56] <+Tigerman> yep hate this counter-thrust
[11:03:18] <@wrbtrader> Shorts TF @ 634.00 -> small size
[11:04:18] <@wrbtrader> Shorts TF @ 633.70 -> Add
[11:04:26] <@wrbtrader> 2 + 2
[11:10:49] <@wrbtrader> Looks like the ranging is going to continue
[11:11:32] <+Tigerman> when this range happen better go out!
[11:12:06] <+Tigerman> I was confident after summer holiday some volatily spike up
[11:12:29] <+Tigerman> still a lot congestion contraction
[11:15:56] <@wrbtrader> There's nothing I can see to keep the support from failing...
[11:16:08] <+Inertia> buyers
[11:16:10] <@wrbtrader> Can't figure out what's keeping this thing from dropping
[11:16:28] <+Inertia> or the PPT
[11:18:28] <+Inertia> got up at 3AM last night. FX is the only thing that moves in decent distances . the only problem is the hours of the moves
[11:21:15] <@wrbtrader> Covered 1/2 TF Short @ 634.70 --> - 1
[11:21:38] <@wrbtrader> Covered Remainder TF Short @ 634.90 --> - 0.9
[11:30:08] <@wrbtrader> Long TF @ 635.50 -> small size
[11:30:26] <@wrbtrader> Long TF @ 635.70 -> Add
[11:30:48] <@wrbtrader> Long TF @ 636.00 -> Add
[11:30:59] <@wrbtrader> 2 + 2 + 2
[11:31:17] <@wrbtrader> intuition
[11:31:26] <@wrbtrader> horrible entry but I'm ok with that
[11:33:48] <@wrbtrader> Looks like it's going to get sucked back down into that prior low volatility tight trading range via testing the prior resistance that's now support
[11:34:50] <@wrbtrader> I'm going to leave this trade alone with stops in place...can't watch paint dry anymore.
[11:34:57] <@wrbtrader> Be back later
[12:28:13] <@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[12:45:35] <@wrbtrader> just got back...
[12:45:40] <@wrbtrader> late trade post
[12:45:52] <@wrbtrader> Exited all TF Long @ 634.00 --> - 3.5
[12:46:13] <@wrbtrader> -1.5, -1.7 and -2
[12:48:34] <@wrbtrader> I hope I didn't return to only see some more low volatility tight trading range
[12:51:23] <@wrbtrader> Shorts TF @ 631.40 -> small size
[12:51:57] <@wrbtrader> Covered all TF Short @ 631.50 --> - 0.1
[12:52:08] <@wrbtrader> trade error
[12:53:03] <@wrbtrader> Long TF @ 632.00 -> small size
[12:53:07] <@wrbtrader> 1 only
[12:57:19] <@wrbtrader> Exited TF Long @ 631.70 --> - 0.3
[12:59:25] <@wrbtrader> Long TF @ 631.10 -> small size
[12:59:39] <@wrbtrader> 1 only
[13:03:31] <@wrbtrader> correction
[13:03:45] <@wrbtrader> Long TF @ 632.10 -> small size
[13:08:36] <@wrbtrader> Exited TF Long @ 631.10 --> - 1
[13:10:16] <@wrbtrader> Long TF @ 631.40 -> medium size
[13:10:23] <@wrbtrader> 4 only
[13:10:54] <@wrbtrader> largest position entry of the day
[13:11:09] <@wrbtrader> in fact, largest position entry in many weeks
[13:11:49] <@wrbtrader> lets you know the overall price action doesn't have enough volatility to make me feel comfortable with larger size
[13:19:05] <@wrbtrader> another trade that starts to move in my favor and then stalls (5th one of the day)
[13:19:32] <@wrbtrader> However, can't afford to let this one retrace into the loss colume
[13:21:24] <@wrbtrader> Exited all TF Long @ 631.40 --> 0
[13:21:55] <@wrbtrader> looking to get Long again
[13:28:17] <@wrbtrader> Long TF @ 630.90 -> small size
[13:28:25] <@wrbtrader> 3 only
[13:28:35] <@wrbtrader> intuition
[13:35:27] <@wrbtrader> One losing trade was +1 point in my favor about 2 ticks away from a profit target
[13:35:39] <@wrbtrader> same as current trade...2 ticks away
[13:37:53] <@wrbtrader> Exited 1/3 TF Long @ 632.10 --> + 1.2
[13:39:14] <@wrbtrader> Exited Remainder TF Long @ 631.80 --> + 0.9
[13:39:59] <@wrbtrader> be back later
[13:43:43] <codehead> nice on that one
[13:48:07] <@wrbtrader> I'm back
[13:48:21] <+codehead> wb wrb
[13:49:04] <@wrbtrader> Last 4 trades have been all Long positions
[13:52:12] <+codehead> my only trade was exiting a put flat from friday
[13:52:54] <@wrbtrader> Long TF @ 632.30 -> small size
[13:58:13] <@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[14:07:34] <@wrbtrader> Exited TF Long @ 632.50 --> + 0.2
[14:15:19] <@wrbtrader> Long TF @ 632.60 -> small size
[14:15:35] <@wrbtrader> 1 only
[14:19:06] <@wrbtrader> Exited TF Long @ 633.30 --> + 0.7
[14:22:00] <+codehead> NQ finally tapped .618 on the nose
[14:22:15] <+codehead> well, within a tick
[14:22:41] <+codehead> 1865.00 is .618, 1865.50 is obvious symmetry, so some res there
[14:49:34] <+werner> gn all
[14:54:00] <+Inertia> gn
[14:56:55] <@wrbtrader> Shorts TF @ 630.10 -> small size
[14:57:03] <@wrbtrader> 2 only intuition
[14:57:36] <@wrbtrader> oh oh
[15:00:42] <@wrbtrader> Shorts TF @ 629.70 -> Add
[15:01:24] <@wrbtrader> too much of a fight
[15:05:28] <@wrbtrader> Shorts TF @ 630.40 -> Add
[15:05:39] <@wrbtrader> 4 added
[15:06:21] <@wrbtrader> I've done more adds today than I have the past few months
[15:07:12] <@wrbtrader> May have gotten too impatient with all the counter-thrusts that takes out my stop/loss and then goes my way without me on board
[15:11:13] <@wrbtrader> because of the odd adds...the exit points will be incorrect
[15:13:37] <@wrbtrader> Covered 1/2 TF Short @ 629.80 --> + 0.6
[15:15:35] <@wrbtrader> Covered TF Short @ 629.60 --> + 0.5
[15:15:44] <@wrbtrader> Covered Remainder TF Short @ 629.60 --> + 0.5
[15:16:03] <@wrbtrader> +0.1 on 2 contracts...not +0.5
[15:18:25] <@wrbtrader> Long TF @ 629.80 -> small size
[15:20:20] <@wrbtrader> hammer lines showing up but so far they are having little impact
[15:20:25] <@wrbtrader>
[15:20:37] <@wrbtrader> just rebuilding the support so far
[15:21:17] <@wrbtrader> may load up on a Short if this support fails
[15:24:29] <@wrbtrader> just saw a 3 tick jump upwards and then back down
[15:25:09] <@wrbtrader> Exited TF Long @ 629.50 --> - 0.3
[15:26:22] <@wrbtrader> hammers support still intact
[15:28:13] <@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[15:28:19] <@wrbtrader> Long TF @ 629.70 -> small size
[15:29:29] <@wrbtrader> Long TF @ 630.00 -> Add
[15:31:04] <@wrbtrader> come on...where's that late afternoon volatility
[15:33:19] <@wrbtrader> Exited all TF Long @ 629.60 --> - 0.5
[15:34:27] <@wrbtrader> still no volatility to load up on
[15:36:49] <@wrbtrader> Long TF @ 630.10 -> small size
[15:37:00] <@wrbtrader> 2 + 2
[15:39:46] <@wrbtrader> stall again about 2 ticks away from a profit target
[15:40:24] <@wrbtrader> still no volatility spikes although it is moving
[15:41:03] <@wrbtrader> Exited 1/2 TF Long @ 631.30 --> + 1.2
[15:42:00] <@wrbtrader> Exited Remainder TF Long @ 631.00 --> + 0.9
[15:44:09] <@wrbtrader> Shorts TF @ 630.60 -> small size
[15:44:30] <@wrbtrader> 2 only
[15:45:42] <@wrbtrader> Shorts TF @ 630.60 -> Add
[15:45:48] <@wrbtrader> volatility increasing
[15:48:39] <@wrbtrader> stalling...so far that has not been a good sign
[15:49:01] <@wrbtrader> meant so far today it has been a sign of no more follow through
[15:49:12] <@wrbtrader> Would love to be wrong this time
[15:50:56] <@wrbtrader> volatility still increasing
[15:51:36] <@wrbtrader> Covered 1/2 TF Short @ 628.50 --> + 2.1
[15:54:47] <@wrbtrader> Covered Remainder TF Short @ 628.00 --> + 2.6
[15:57:29] <@wrbtrader> Tigerman asked me a question earlier today in pm @ 0930am about the price action between Friday and Today (Tuesday).
[15:57:59] <@wrbtrader> I told him I don't have my charts from Friday and with yesterday's holiday...I'm missing two days of data.
[15:58:09] <@wrbtrader> I also said it will be a tough day of trading because of such.
[15:58:16] <@wrbtrader> It sure has been
[15:59:01] <@wrbtrader> That's a problem I have with my data vendor whenever Monday is a holiday...they upload empty charts from Friday and Monday
[15:59:16] <@wrbtrader> Tonight they'll correct it as usual
[15:59:42] <@wrbtrader> Long TF @ 629.50 -> small size
[15:59:48] <@wrbtrader> 3 only
[15:59:58] <+Sidhartha> so you think there is value in yesterday's price action despite the very low volumes...
[16:00:42] <@wrbtrader> Exited all TF Long @ 630.00 --> + 0.5
[16:01:13] <@wrbtrader> That's not what I said...
[16:01:18] <@wrbtrader> Let me explain...
[16:01:31] <@wrbtrader> When my charts has missing data...
[16:01:47] <@wrbtrader> My data vendors uploads an empty chart instead of removing the chart.
[16:02:27] <@wrbtrader> Thus, my charts SHOULD be seamless from Friday, Tuesday, Wednesday (tomorrow)
[16:02:51] <@wrbtrader> Thus, when looking at today's Tuesday chart...if I scroll back one day...I should see Friday's data only
[16:03:09] <@wrbtrader> Instead, when I scroll back one day...I see Monday's chart with NO DATA
[16:03:29] <+Sidhartha> ok... i see monday's chart WITH data... but it's not much use!
[16:04:54] <@wrbtrader> Regardless, an empty chart being uploaded as continuous changes the candlesticks via creating a GAP on my chart along with other problems
[16:05:10] <+Sidhartha> ok
[16:05:21] <@wrbtrader> Regardless how useful or small yesterday's data is...
[16:05:24] <+Sidhartha> who's your data proivider..>?
[16:05:40] <@wrbtrader> If they are going to upload Monday's chart...they should at least include the data
[16:05:57] <+Sidhartha> I agree...
[16:06:03] <@wrbtrader> Futuresource and QCharts...owned by eSignal.
[16:06:08] <+Sidhartha> ok
[16:06:27] <+Sidhartha> are you getting all the globex feeds for free as from this month...
[16:06:38] <@wrbtrader> eSignal saids its a problem on their "server migration"...clears up on the night of the first day after a holiday
[16:06:55] <@wrbtrader> Free...no
[16:07:02] <+Sidhartha> mmm
[16:07:22] <@wrbtrader> You getting free globex feeds
[16:08:37] <+Sidhartha> while I was away on holiday I was surprised to get an e-mail from IQ feed basically telling me if I had an active futures account with a qualify broker and qualifying charting package I would get all globex data free from sept onwards... cme, cbot,nymex & comex
[16:08:48] <+Sidhartha> basically it halved my data costs overnight...
[16:08:58] <@wrbtrader> Wow
[16:09:03] <+Sidhartha> yup
[16:09:16] <+Sidhartha> i had to ring them and double check they weren't kidding
[16:09:51] <+Sidhartha> they told me the exchanges wanted more people trading so were giving the data away for those who qualify from now onwards... it's not just a special promotion
[16:10:36] <+Sidhartha> i know changing data & charting packages is a huge pain...
[16:24:44] <+Inertia> gn
[16:27:27] <+codehead> hm, just read this...
[16:27:53] <+codehead> yes, i have esignal and yes, it got a lot cheaper when they switched globex to free
[16:27:58] <+codehead> with qualifying broker
[16:29:07] <+codehead> just have to connect to broker once a month within esignal
[16:58:14] <@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/forumSession Close: Tue Sep 07 21:51:46 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
S&P CNX NIFTY Futures
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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