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#FuturesTrades is designed to be a
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http://www.thestrategylab.com/ftchat/forum/viewforum.php?f=5 ------------------------
Session Start: Mon Nov 08 08:11:09 2010
Session Ident: #FuturesTrades
[08:11:09] * Now talking in #FuturesTrades
[08:11:09] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[08:11:12] <@X> #FuturesTrades Info -> Chat room for traders of Emini Futures (EMD, TF, ES, NQ, YM), EuroFX Futures (6E, EC), Eurex/Euronext Futures (DAX, ESTX50, FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM), Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQQ, SPY) and Forex Currencies
[08:12:11] <rickf>
wrbtrader
[08:12:20] <@wrbtrader> Hi and welcome back
[08:12:28] <+rickf> ty ... been BUSY BUSY
[08:13:24] <+rickf> btw: "when is the best time to trade the /TF contract?"
[08:13:42] <+rickf> i almost replied "when the market's open."
[08:14:16] <@wrbtrader>
[08:14:33] <@wrbtrader> Ahhh...you saw that thread to at Elitetrader.com
[08:14:36] <@wrbtrader>
[08:14:57] <+rickf> yah was up early this am
[08:15:35] <@wrbtrader> It's almost as funny as the message post I saw a few months ago where someone posted "when is the best time to make a profit"
[08:15:37] <@wrbtrader>
[08:15:46] <+rickf>
[08:15:52] <+rickf> "when you have one, duh"
[08:30:33] * @wrbtrader testing 123
[08:31:20] <+rickf> 321
[08:31:27] <@wrbtrader>
[08:31:49] <@wrbtrader> I'm redesigning an old trade posting script
[08:31:57] <+rickf> ah
[08:32:14] <@wrbtrader> Trying to reset it so that i can post my trades in multiple chat rooms "at the same time".
[08:32:30] <+rickf> nice
[08:32:48] <+rickf> i still do 'em manually since my client doesn't link to my trading platform
[09:12:53] <Fleneer> wb trader
[09:13:04] <@wrbtrader> Hi
[09:13:39] <@X> #FuturesTrades Info -> Chat room for traders of Emini Futures (EMD, TF, ES, NQ, YM), EuroFX Futures (6E, EC), Eurex/Euronext Futures (DAX, ESTX50, FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM), Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQQ, SPY) and Forex Currencies
[09:16:17] <+Fleneer> translated .... "You name it. We trade it."
[09:17:06] <+Fleneer> I need help for sure. Been jousting this windmill far too long with the critter still spinning.
[09:17:59] <@wrbtrader> You sound like you're from Europe with the windmill analogy
[09:20:10] <+Fleneer>
. Nope. want three guesses?
[09:20:39] <Leonidas1> GM all....new here...sure WRB I will
[09:21:35] <+rickf> i say mexico
[09:21:39] <+Fleneer> Just Don Quixote a favorite book. Lots of life analogies in there.
[09:21:45] <+Fleneer> Florida
[09:21:59] <+rickf> oh meant leonidas
[09:22:12] <+Leonidas1> Yes Rick, Mexico
[09:22:17] <+rickf>
[09:23:10] <+Leonidas1> are you near to Mexico?
[09:23:16] <+Fleneer> ES tight range sideways for the open. 1217 1221
[09:23:16] <+rickf> nope dc
[09:23:52] <+Leonidas1> cool!
[09:24:15] <+rickf> not trading as much as i used to in recent years due to work, so it's nice to 'meet' the new faces here
[09:27:48] <+Fleneer> ding-a-aling in 2 minutes
[09:29:57] <+Fleneer> The Market is OPEN
[09:33:29] <drt>
all
[09:35:27] * Retrieving #FuturesTrades modes...
[09:37:54] <+rickf> short ed 1219.50
[09:37:58] <+rickf> es
[09:40:00] <+Fleneer> rick who's your broker?
[09:40:15] <@wrbtrader> By the way, I'm also logged in here as "RacerX" because I'm working on a new IRC script
[09:41:12] <@X> #FuturesTrades Info -> Chat room for traders of Emini Futures (EMD, TF, ES, NQ, YM), EuroFX Futures (6E, EC), Eurex/Euronext Futures (DAX, ESTX50, FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM), Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQQ, SPY) and Forex Currencies
[09:41:27] <+rickf> out 1219.25 +.25
[09:41:31] <+rickf> TOS
[09:42:21] -X- [NihabaAshi] chat room archives @
viewforum.php?f=20[09:43:10] <+rickf> yeah been a while .... dont have the 'feel' like i used to.
[09:43:28] <pat255> L es 19
[09:44:26] <+rickf> figures
[09:45:52] <+pat255> out -1
[09:47:46] <+rickf> well that was a nice warmup ... read the chart right, but not patient. yep, i am rusty
[09:50:19] <@wrbtrader> Shorts TF @ 732.60 -> small size
[09:52:32] <@wrbtrader> Covered all TF Short @ 732.10 --> + 0.5
[09:52:54] <+pat255> good start
[09:53:36] <@wrbtrader> didn't expect the drop from 734 and got caught messing around with the new IRC script.
[09:54:24] <Time4now> were you using a wrb zone from last week?
[09:54:53] <+Time4now> that is the signal I saw, just didnt trust it
[09:55:48] <+Time4now> thats 2 days and a time change in between :/
[09:55:59] <@wrbtrader> Only using my normal stuff so far although there are some interesting zones from Friday
[10:01:56] <@wrbtrader> Long TF @ 732.00 -> small size
[10:02:05] <@wrbtrader> 3 only
[10:03:35] <@wrbtrader> Exited 2/3 TF Long @ 733.30 --> + 1.3
[10:06:14] <@wrbtrader> Exited Remainder TF Long @ 734.10 --> + 2.1
[10:06:21] <+pat255> vn
[10:14:04] <@wrbtrader> just got conflicting signals
[10:14:26] <@wrbtrader> sideline...will just watch
[10:14:51] <@wrbtrader> Hi Leonidas1...forgot this is you're a new member
[10:15:23] <+Leonidas1> Hey there WRB...yes I am
[10:15:46] <@wrbtrader> Long TF @ 734.20 -> small size
[10:15:51] <@wrbtrader> 2 only
[10:16:26] <@wrbtrader> not going to hang around too long in this one
[10:17:36] <@wrbtrader> Exited all TF Long @ 735.10 --> + 0.9
[10:29:25] <codehead> NQ tapped mm blue line
[10:35:28] <@wrbtrader> Shorts TF @ 734.10 -> small size
[10:35:33] <@wrbtrader> 1 only
[10:37:37] <@wrbtrader> volatility declining fast
[10:38:23] <@wrbtrader> Covered TF Short @ 734.50 --> - 0.4
[10:38:44] <+rickf>
[10:41:19] <@wrbtrader> Shorts TF @ 734.20 -> small size
[10:41:23] <@wrbtrader> 2 only
[10:41:34] <@wrbtrader> intuition in reaction to prior trade
[10:43:00] <@wrbtrader> geeesh...volatility drying up again
[10:43:14] <@wrbtrader> tightning stop/loss
[10:44:02] <@wrbtrader> Covered all TF Short @ 734.50 --> - 0.3
[10:59:05] <+codehead> 2179.00 is symmetry and .618 on NQ
[10:59:22] <+codehead> 82.50 first support
[11:02:49] <+codehead> 81.00 is .500
[11:02:54] <+codehead> ES not nearly as good as NQ
[11:08:13] <@X> #FuturesTrades Info -> Chat room for traders of Emini Futures (EMD, TF, ES, NQ, YM), EuroFX Futures (6E, EC), Eurex/Euronext Futures (DAX, ESTX50, FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM), Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQQ, SPY) and Forex Currencies
[11:12:08] <@wrbtrader> Geeesh...just got back after deciding volatility was drying up and went to take a shower.
[11:12:27] <@wrbtrader> Just got back and I can see the big price drop I missed
[11:53:04] <+rickf> back
[12:08:41] <+Fleneer> trading is a high risk price action.
[12:08:50] <+Fleneer> roll dem bones!
[12:38:13] <@X> #FuturesTrades Info -> Chat room for traders of Emini Futures (EMD, TF, ES, NQ, YM), EuroFX Futures (6E, EC), Eurex/Euronext Futures (DAX, ESTX50, FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM), Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQQ, SPY) and Forex Currencies
[12:49:21] <+Leonidas1> thanks Amigos, see you tomorrow
[12:49:31] <+Leonidas1> have to go
[13:20:43] <+Fleneer> any Fib traders here?
[13:23:08] <+rickf> nope
[13:25:54] <+Fleneer> what DO you trade?
[13:33:10] <+rickf> ES TF commodities ... more a swing/position trader than daytrader, since I changed jobs and dont have much time to park in front of the screen
[13:35:00] <+rickf> also hedging retirement portfolio via options, but got my head handed to me this past 2 months doing so
[13:37:58] <+codehead> in a slel signal, but been slow
[13:38:00] <+codehead> sell
[13:39:36] <+codehead> nice steady selling
[13:39:39] <+codehead> off that dbl top
[13:40:42] <+codehead> 81.50-82 support
[13:41:02] <+codehead> hit .618 here
[13:41:42] <+Fleneer> ES failed to test the 1222.25 HOD so perhaps we headed down for a while.
[13:41:53] <+Fleneer> 1221.25 was high tic
[13:41:55] <+codehead> NQ put in dbl top
[13:42:15] <+codehead> and went into steady selling
[13:43:05] <+Fleneer> been a tight sideways day 1215 to 1221
[13:48:10] <+codehead> NQ bounce off .382 of the day's range
[13:54:24] <+Fleneer> ES the same bounce. off 1218.75
[13:55:04] <+Fleneer> long 1219.25 target a point
[14:05:14] <@X> #FuturesTrades Info -> Chat room for traders of Emini Futures (EMD, TF, ES, NQ, YM), EuroFX Futures (6E, EC), Eurex/Euronext Futures (DAX, ESTX50, FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM), Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQQ, SPY) and Forex Currencies
[14:05:57] <+Fleneer> filled 1220.25 to exit
[14:06:08] <+codehead> vn
[14:06:11] <+pat255> vn
[14:06:30] <+Fleneer> ty
[14:06:39] <+codehead> what do you base your trades on, fleneer, if you dont' mind me asking
[14:06:54] <+Fleneer> EMAs and Fibs mostly
[14:06:57] <+codehead> ic
[14:07:32] <+Fleneer> also waych level II for total number Bid/ask to watch for sell/buy bias
[14:07:38] <+codehead> oilc came right back--sharp dump, some consolidation, sharp pop
[14:08:04] <+Fleneer> trenbd still up. maybe test the HOD
[14:09:07] <+Fleneer> but 1220.25 bid is only three tics off the HOD and my crystal ball not good enough to tell me if market go there or not.
[14:09:38] <+Fleneer> three tics off my 1221.00 I am using for the high of the range.
[14:09:56] <+Fleneer> true HOD is 1222.25
[14:16:45] <+Fleneer> codeh what is your crystal ball?
[14:18:30] <+codehead> hm, i'm doing a little side work at the moment, just watching...
[14:18:50] <+codehead> my mid-time frame has strength hooking backup...
[14:19:12] <+codehead> trading NQ, and it's been pretty strong, finds buyers at the fib pbs
[14:19:53] <+codehead> narrow range on ES today
[14:20:20] <+rickf> yup
[14:20:56] <+codehead> on the last peak, saw a big offer on NQ 2191.25
[14:21:07] <+codehead> fwiw
[14:21:17] <+Fleneer> gonna test the true HOD 1222.25 and maybe break out.
[14:21:39] <+Fleneer> just watching though. I don;t like to jump on near tops and bottoms.
[14:22:00] <+Fleneer> I can never decide which way the "institutional traders" gonna push it.
[14:23:54] <+codehead> lol--didn't set back the oven clock
[14:24:10] <+codehead> was in the kitchen a bit ago... "noon already?"
[14:24:22] <+codehead> nope
[14:26:05] <+Fleneer> I see the large bids and offers and lots of time they get snatched off about as fast as they put on.
[14:26:37] <+Fleneer> watch T&S for large blocks and just use the level II for subjective average.
[14:27:26] <+Fleneer> 1221.50 hit so time of reconning here.the HOD is gap close. So could be.
[14:30:13] <+codehead> the NQ bids/offers that are in place at key # areas are usually real, and good enough to turn it first hit at least
[14:30:30] <+codehead> the ones that dance in and out a tick form the bid/ask are bogus
[14:31:28] <+codehead> NQ having trouble with that lid
[14:31:59] <+Fleneer> long 1220.00 here at some EMA and Fib support
[14:32:22] <+Fleneer> single car stop 19.50
[14:33:12] <+Fleneer> oops. out small lloss.
[14:33:20] <+Fleneer> just gonna sit back and watch.
[14:33:52] <+Fleneer> I usually trade two cars. Maybe some day be a block trader
[14:40:54] <+codehead> :-)
[14:59:10] <+Fleneer> trying to support here 1219 been good all day.
[15:04:01] <+Fleneer> 1220.00
[15:04:23] <+rickf> i am looking lower
[15:05:01] <+Fleneer> well, lots of euphoria around voer earnings.
[15:05:23] <+Fleneer> that's a good contrarian for lower.
[15:05:31] <+rickf> i meant lower today ... definately lower in the market next few months if not longer
[15:05:35] <+rickf>
[15:05:41] <+Fleneer> need the ES to break this .382 support at 19.00
[15:05:58] <+Fleneer> so far hanging on.
[15:06:32] <+Fleneer> been a tough day to trade. i was bad red earlier and managed to get lucky to be green. So in protect the profit mode now.
[15:06:38] <+rickf> this WSJ article pretty much hits it spot-on, I think:
http://finance.yahoo.com/banking-budget ... -to-stocks[15:07:07] <+rickf> istock-wise i am not looking at buying into anything (still)
[15:07:23] <+rickf> futures-wise i'm bullish only for momentum, but ready to pivot on a minutes notice
[15:07:53] <+rickf> short es 1219 paper
[15:08:50] <+rickf> 1 only
[15:10:04] <+Fleneer> short 1 19.25
[15:10:12] <+Fleneer> risk a point
[15:10:22] <+rickf> total intuition trade here
[15:10:28] <+Fleneer> 18.75 here needs to fall
[15:10:29] <+rickf> hence it's in the sandbox
[15:11:50] <+Fleneer> stop to 19.50
[15:12:01] <+Fleneer> tighten the bracket
[15:13:01] <+Fleneer> out 19.25 BE no momo fter trading 18.50
[15:13:24] <+Fleneer> likely done for today. watching.
[15:17:19] <+codehead> USO tapped flat on the day at the futs close
[15:17:47] <+codehead> i'm so glad i sold at 41 a while back, too profit
[15:17:59] <+codehead> USO underperforming the futs for a long time
[15:18:28] <+rickf> contango will kill them
[15:18:35] <+rickf> and the cost to roll
[15:18:37] <+codehead> at top, USO was about 120, futs 150
[15:18:55] <+codehead> now it's 37.50 while futs are 87
[15:20:40] <+rickf> those commodity etfs are dangeous imho
[15:21:33] <+rickf> at least for long-term holdings
[15:22:51] <+Fleneer> that Fib held again. market to 1221.00 here
[15:35:14] <@X> #FuturesTrades Info -> Chat room for traders of Emini Futures (EMD, TF, ES, NQ, YM), EuroFX Futures (6E, EC), Eurex/Euronext Futures (DAX, ESTX50, FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM), Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQQ, SPY) and Forex Currencies
[15:36:54] <+codehead> lol...
[15:37:14] <+codehead> ya know (maybe not), that the Chicago CLimate Exchange closed recently
[15:37:30] <+codehead> last trading at 5 cents per contract, from a high of over $7
[15:37:34] <+codehead> "A 16 lb bag of charcoal briquettes is worth more than a ton of CO2. About 220x more."
[15:37:39] <+codehead> lol
[15:38:17] <+codehead> had flatlined at 7 cents for a long time
[17:02:15] <@X> #FuturesTrades Info -> Chat room for traders of Emini Futures (EMD, TF, ES, NQ, YM), EuroFX Futures (6E, EC), Eurex/Euronext Futures (DAX, ESTX50, FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM), Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQQ, SPY) and Forex Currencies
Session Close: Mon Nov 08 17:26:05 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 trade signal methods, different perspective of the markets and different experience levels. 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 trade signal 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 advertisements for guest visitors.
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, Brent Crude Oil BRN, 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
price action only 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)
Price Action Only Trading (no indicators)
@
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