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http://www.thestrategylab.com/ftchat/forum/viewforum.php?f=5 ------------------------
Session Start: Tue Nov 23 09:22:14 2010
Session Ident: #FuturesTrades
[09:22:14] * Now talking in #FuturesTrades
[09:22:14] <@X> [NihabaAshi] chat room archives @
viewforum.php?f=20[09:22:44] <pat255>
N
[09:28:24] <drt>
all
[09:29:35] <@wrbtrader> Good morning all
[09:30:20] <+pat255>
[09:30:27] <Time4now>
[09:31:45] <@wrbtrader> Eminis producing long lower shadows now
[09:32:32] <@wrbtrader> so far no help from other key markets to validate a support in the Eminis
[09:32:57] <@wrbtrader> Shorts TF @ 716.20 -> medium size
[09:32:58] <+pat255> y more sell
[09:33:04] <@wrbtrader> 4 only
[09:33:34] <werner>
all ...
[09:34:02] <@wrbtrader> now a fight shows up
[09:34:30] <+werner> yes but i must go now
[09:34:51] <@wrbtrader> Covered 1/2 TF Short @ 716.20 --> 0
[09:35:23] <@wrbtrader> Covered Remainder TF Short @ 716.60 --> - 0.4
[09:37:44] <@wrbtrader> Long TF @ 717.40 -> small size
[09:38:01] <@wrbtrader> 3 only ( 2 + 1 )
[09:38:47] <+pat255> S nq 30
[09:39:37] <@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
[09:40:12] <@wrbtrader> looks like their looking for stops
[09:40:22] <@wrbtrader> tightning stop/loss
[09:40:55] <@wrbtrader> Exited all TF Long @ 717.60 --> + 0.2
[09:41:09] <+pat255> out NQ
[09:41:33] <+pat255> nq weak
[09:41:58] <@wrbtrader> it's going to get stronger if Oil and Gold stabilize more
[09:46:47] <@wrbtrader> Shorts TF @ 718.70 -> small size
[09:46:53] <@wrbtrader> 2 only
[09:47:55] <@wrbtrader> Shorts TF @ 719.10 -> Add
[09:47:59] <@wrbtrader> 1 add
[09:50:08] <@wrbtrader> Covered 1/3 TF Short @ 718.10 --> + 1
[09:50:15] <+pat255> vn
[09:50:27] <+pat255> missed nq S
[09:50:52] <@wrbtrader> Covered 1/3 TF Short @ 717.30 --> + 1.4
[09:52:04] <@wrbtrader> Oil and Gold back (near) support
[09:54:48] <@wrbtrader> Covered Remainder TF Short @ 716.50 --> + 2.2
[09:55:02] <Sidhartha> exisiting home sales in 5 mins
[09:55:41] <@wrbtrader> Yeah...reason why I dumped my trade because I didn't want to risk losing a nice profit via one of those "economic report reactions".
[10:00:46] <+Sidhartha> ES & YM just filled gap from last week
[10:01:59] <@wrbtrader> Gold moving back up strongly
[10:03:02] <@wrbtrader> Meant...Gold Index moving back upwards wheras Gold GC futures have been rising steadily all morning
[10:06:49] * +Time4now short tf 717.5 paper
[10:08:31] <@wrbtrader> Eurex BUND futures has been moving strongly higher since the bounce off yesterday's lows...any news out of Europe to explain that
[10:09:58] * +Time4now exit 717.5
[10:11:05] <+Time4now>
[10:12:30] <JimL> merkel quoted this am that euro is in serious trouble
[10:13:16] <+JimL> by default usd & german bonds flight to relative strength
[10:15:54] <+JimL> no/so korea tensions, adds fuel to the aniexty
[10:16:55] <@wrbtrader> Missed a long signal around 717.00
[10:21:38] * +Time4now long 718 tf paper
[10:22:05] <+JimL> eur & dx contiues to make new lo's & hi's - trend continues
[10:27:22] <@wrbtrader> Emini TF testing a weak support area
[10:27:32] * +Time4now exit 716.8
[10:27:55] <@wrbtrader> lets see if buyers show up
[10:31:33] <@wrbtrader> Long TF @ 718.40 -> small size
[10:31:44] <@wrbtrader> 1 only
[10:32:06] <@wrbtrader> late entry due to a distraction around 717.50
[10:33:10] <@wrbtrader> Exited TF Long @ 718.40 --> 0
[10:38:08] * +Time4now long 719.3
[10:41:13] <+Time4now> i've had contrasting signals the last two trades
[10:42:59] <+pat255> selling is over
[10:47:51] * +Time4now exit 719.4
[10:51:52] <+pat255> nq weker than others
[11:09:37] <@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
[11:29:34] <@wrbtrader> still dropping
[11:29:40] <+pat255> y
[11:39:14] <@wrbtrader> I notice some in here show up after 11am est.
[11:39:32] <@wrbtrader> consistently
[11:39:34] <+pat255> eez just slow drip down
[11:39:52] <@wrbtrader> Is it because you guys are done trading for the day or just starting your trading day
[11:40:24] <+pat255> hmm i always start around 8:30 when I trade
[11:40:37] <+pat255> but lately office keeping me away
[11:41:01] <@wrbtrader> pat...you have an office too yourself
[11:41:23] <@wrbtrader> In other words, can others see you chatting online
[11:41:25] <+pat255> oh no wrbtrader i work full time
[11:41:55] <+pat255> many times I logon from office ..
[11:42:12] <+pat255> just to keep in with the mkt but hesitate to tarde
[11:42:26] <+pat255> from office also learn from the charts
[11:42:43] <+pat255> from office only telephone connection
[11:43:52] <+werner> back
[11:50:01] <+werner> Long NQ @ 2109.25
[11:52:13] <+werner> Exited NQ Long @ 2108.25 --> - 1
[11:52:13] <+werner> Reverse and Enter Short NQ @ 2108.25
[11:54:17] <+werner> littel sup here
[11:57:21] <+werner> Covered all NQ Short @ 2109.00 --> - 0.75
[11:57:30] <+werner> mm
[11:59:34] <+werner> Long NQ @ 2109.50
[12:01:42] <+werner> must go now...stops are in
[12:02:34] <+werner> target 2112.00
[12:02:57] <+werner> euh 2111.75
[12:03:36] <@wrbtrader> Shorts TF @ 714.50 -> small size
[12:07:19] <@wrbtrader>
[12:07:24] <@wrbtrader> punks
[12:09:28] <@wrbtrader> Covered all TF Short @ 715.40 --> - 0.9
[12:09:48] <@wrbtrader> not sure what happen but I didn't get a fill @ 713.90
[12:15:19] <@wrbtrader> Emini TF @ weak resistance area
[12:16:33] <@wrbtrader> Shorts TF @ 714.60 -> small size
[12:16:50] <@wrbtrader> volatility just died after my entry...need to be careful here
[12:17:24] <@wrbtrader> same trade as prior trade
[12:18:02] <@wrbtrader> support trying to develop
[12:18:36] <@wrbtrader> tighten stop/loss
[12:20:23] <@wrbtrader> Covered TF Short @ 714.60 --> 0
[12:23:55] <@wrbtrader> volatility increasing fast
[12:27:52] <@wrbtrader> didn't last long
[12:29:07] <@wrbtrader> If this 1min interval can hold above 715...I'll be getting Long
[12:30:08] <@wrbtrader> Long TF @ 715.20 -> small size
[12:30:33] <codehead> dollar making a ledge
[12:32:24] <@wrbtrader> It hit that resistance wall again
[12:33:01] <@wrbtrader> Exited TF Long @ 714.90 --> - 0.3
[12:33:49] <+werner> Exited all NQ Long @ 2107.00 --> - 2.5
[12:35:24] <@wrbtrader> QQQQ and NQ testing a weak support
[12:35:31] <@wrbtrader> they just fell below it
[12:35:49] <@wrbtrader> Shorts TF @ 714.30 -> small size
[12:35:54] <@wrbtrader> 2 only
[12:37:34] <+werner> Shorts NQ @ 2108.00
[12:39:38] <@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
[12:41:09] <@wrbtrader> Covered all TF Short @ 715.70 --> - 1.4
[12:41:19] <@wrbtrader> 5 tick jump from one level to the next
[12:42:15] <+werner>
[12:43:56] <+werner> Covered all NQ Short @ 2109.25 --> - 1.25
[12:44:05] <+werner> djeez
[12:44:13] <@wrbtrader> Long TF @ 716.50 -> small size
[12:44:18] <@wrbtrader> 2 only
[12:44:27] <@wrbtrader> above resistance area now
[12:44:34] <+werner> yep
[12:44:44] <@wrbtrader> intuition
[12:51:01] <@wrbtrader> I've seen more level skipping in both my charting program and broker quotes...
[12:51:18] <@wrbtrader> maybe I'm having a bottle neck of data via my ISP
[12:54:10] <+werner> nice wrbtrader
[12:54:36] <@wrbtrader> Exited all TF Long @ 719.60 --> + 3.1
[12:55:10] <+werner> i was to late
[12:55:11] <@wrbtrader> You get a lucky trade to even out an earlier "unlucky" trade where I mismanage a stop/loss
[13:09:32] <@wrbtrader> Shorts TF @ 718.70 -> small size
[13:10:37] <@wrbtrader> Emini TF could put up a fight all the way up to 720
[13:10:45] <@wrbtrader> I won't hang around that far
[13:14:38] * +Time4now long 718.6 paper
[13:15:17] <@wrbtrader> I'm not getting the help I need from other key markets to push Emini TF down
[13:16:29] <@wrbtrader> Oil and Gold have a key inverted hammer in recent intervals as a resistance area but they keep
it
[13:18:22] <@wrbtrader> Covered TF Short @ 718.50 --> + 0.2
[13:18:22] * +Time4now exit 718.4
[13:23:03] <@wrbtrader> very slow developing price action now = low volatility
[13:29:25] <+werner> Long NQ @ 2114.25
[13:31:13] <+werner> Exited all NQ Long @ 2114.50 --> + 0.25
[13:31:42] <+werner> res es and ym
[13:32:36] <+werner> yesterdays low
[13:48:19] <+werner> Shorts NQ @ 2112.00
[13:52:55] * +Time4now long 718.9
[13:57:24] <+codehead> fomc minutes coming
[13:59:38] * +Time4now exit 718.1
[14:00:16] <+werner> tx codehead
[14:00:30] <@wrbtrader> Shorts TF @ 718.20 -> small size
[14:00:42] <@wrbtrader> 1 only
[14:00:50] <@wrbtrader> suddenly it got choppy
[14:02:37] <@wrbtrader> Shorts TF @ 718.70 -> Add
[14:02:43] <@wrbtrader> 2 added
[14:04:29] <@wrbtrader> another no fill
[14:05:52] <@wrbtrader> Covered TF Short @ 718.00 --> + 0.9
[14:06:11] <@wrbtrader> +0.70 (not 0.9)
[14:06:33] <@wrbtrader> still holding 1 contract
[14:07:08] <@wrbtrader> Covered Remainder TF Short @ 718.00 --> + 0.2
[14:09:38] <@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
[14:21:53] <+werner> Covered all NQ Short @ 2109.00 --> + 3
[14:24:31] <@wrbtrader> Needed big time patience to hang with that via a Short position
[14:26:31] <+werner> pffff indd
[14:28:11] <@wrbtrader> Geeesh...order 50 checks last week after opening an account at the bank...they charged me correctly for 50 checks but today got a box of 5000 checks
[14:28:14] <@wrbtrader> crazy
[14:29:16] <@wrbtrader> Obviously nothing in their system to verify such an order on a personal account
[14:34:05] <+werner> Long NQ @ 2110.25
[14:35:32] <+werner> Exited all NQ Long @ 2111.00 --> + 0.75
[14:35:50] <+Time4now> lol checks
[14:37:26] <+werner> ya
[14:44:58] <@wrbtrader> Unfortunately there's still places out there that don't take debit or credit cards...they take checks or cash only
[14:45:18] <@wrbtrader> I found that out the hard way several weeks ago.
[14:45:43] <@wrbtrader> Also, almost all the contract work done on my house...the person always wanted CASH ONLY
[14:46:28] <+Time4now> after the work was done right?
[14:46:34] <@wrbtrader> I know why...to be able to report whatever number they want about their annual salary on their income tax
[14:50:23] <+werner> Long NQ @ 2113.00
[14:52:04] <@wrbtrader> I have an uncle that's a retired teacher...
[14:52:22] <@wrbtrader> When he was a teacher his salary was 36k
[14:52:44] <@wrbtrader> However, he's an expert in designing and building custom kitchens.
[14:53:09] <@wrbtrader> He would make about 80k per year doing such.
[14:53:52] <@wrbtrader> However, about 30k of that 80k he requested cash in several installments during the kitchen building process
[14:54:05] <@wrbtrader> He never reported the 30k on taxes
[14:54:27] <@wrbtrader> He did this every year for about 15 years until he retired from that too
[14:55:23] <@wrbtrader> If you got the tools and you know how to build things...
[14:55:29] <@wrbtrader> There's money to be made
[15:08:12] <@wrbtrader> geesh...
[15:08:26] <@wrbtrader> it chopped around and then it takes off to the upside
[15:08:41] <+werner> Exited all NQ Long @ 2116.00 --> + 3
[15:08:50] <@wrbtrader> YOu just never know when it's going to make it's move out of the "chop"
[15:11:24] <+werner>
[15:30:18] <+werner> Long NQ @ 2113.50
[15:33:24] <+werner> Exited all NQ Long @ 2114.50 --> + 1
[15:33:28] * +Time4now short tf 718.6
[15:38:19] <+Time4now> exit 718.8
[15:38:24] <+Time4now> so frustrating
[15:38:38] <+werner> indd
[15:39:39] <@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
[15:45:46] <@wrbtrader> It's just chopping it's way back upwards on "very low volatility"
[15:45:58] <+Sidhartha> horrible for this time of day
[15:46:36] <@wrbtrader> Price action usually (as of 2010) doesn't start improving until 3:50pm est
[15:46:51] <@wrbtrader> That's what I'm waiting for...clock is ticking
[15:52:58] <+Time4now> tf not playin well with others
[15:56:09] * +Time4now long tf 719
[15:58:14] <+Sidhartha> TF didn't want to play in that rally
[15:58:59] <@wrbtrader> crappy 4pm est rush hour traffice
[15:59:10] <@wrbtrader> was expecting smoother volatility than this
[15:59:45] * +Time4now exit 1 719.5
[15:59:54] <+Time4now> be remainder
[16:01:56] <+werner> gn all
[16:11:28] <@wrbtrader> Extremely difficult price action to trade since the bounce off 2:25pm est
[16:11:45] <@wrbtrader> I spent the time just "watching" it go higher...no trade opportunities
[17:06:40] <@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
[19:59:53] <falcon> wrb you still on
[20:00:36] <+falcon> wrbtrader too dang much flux. And HeliBen waiting on the Hamptonites fo rmuch more POMO. he'll probably let'em
in Monady and start about noon.
[20:01:04] <+falcon> Monday too
[20:03:41] <@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: Tue Nov 23 22:18:04 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
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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
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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
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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
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Price Action Only Trading (no indicators)
@
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