##TheStrategyLab Price Action Chat Room Logs

#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. Further, although our chat room is smaller than the other popular chat rooms...we are the most active chat room in posting trades or market commentaries involving futures, exchange traded funds or forex currencies in comparison to other free chat rooms.

#FuturesTrades is designed to be a trade journal for documentation purposes only so that members can have a real 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.

In addition, we welcome all traders with their own methods or different perspective of the markets to help keep the chat room diversified...posting trades or market commentaries. Also, if you're looking for real-time education in the chat room involving price action only trading (profitably trading without indicators)...you need to contact us to schedule price action only trading real-time discussions. We'll then have one on one (private) real-time price action only trading discussions with you while you're using #FuturesTrades real-time chat room to prevent distractions in the chat room with other members that are using different trading methods in comparison to us. However, you must first download and learn our free study guide at a different forum @ TSL Support Forum * http://www.thestrategylab.com/tsl/forum/viewforum.php?f=5

With that said, thanks for reading the trades or market commentaries that's below and we highly recommend you make reading of the logs a part of your trading routine because you will sometimes find useful trade information not discussed anywhere else online nor in any books if you're not interested in scheduling one on one (private) real-time price action only trading education discussions. To gain access to #FuturesTrades chat room...please follow the instructions @ FTCHAT Support Forum * http://www.thestrategylab.com/ftchat/forum/viewforum.php?f=5


click on the above image to view today's price action of key markets

Session Start: Mon Dec 20 08:14:32 2010
Session Ident: #FuturesTrades
[08:14:32] * Now talking in #FuturesTrades
[08:14:32] <@X> [NihabaAshi] chat room archives @ viewforum.php?f=20
[08:54:11] <@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
[09:29:30] <Trendtrader> Shorts TF @ 779.4 «« simulator »»
[09:30:18] <Sidhartha> TT I've noticed you like a short out of the gate on an up-gap... are you using wrbtrader's strategies or your own...
[09:30:43] <+Trendtrader> Covered all TF Short @ 780.4 --> - 1 «« simulator »»
[09:31:43] <+Trendtrader> I'm actually transitioning. Often out of the gate I'm not following wrbtrader's strategies.
[09:32:16] <+Trendtrader> However, I'm incorporating more and more of his strategies as time goes on.
[09:33:49] <+Trendtrader> From what I've seen his strategies have a higher probability of success.
[09:37:01] <@wrbtrader> This price action is already tricky out of the gate eventhough many key markets are moving together
[09:43:34] <+Sidhartha> why tricky? because TF is out of sync...
[09:43:44] <@wrbtrader> Yes
[09:45:16] <@wrbtrader> Shorts TF @ 781.10 -> small size
[09:45:25] <@wrbtrader> 3 contracts
[09:45:27] <@wrbtrader> intuition
[09:48:43] <@wrbtrader> Covered all TF Short @ 781.20 --> - 0.1
[09:49:42] <@wrbtrader> Long TF @ 781.50 -> small size
[09:49:52] <@wrbtrader> 3 contracts
[09:53:57] <@wrbtrader> stuck in mud
[09:54:32] <@wrbtrader> Exited all TF Long @ 781.40 --> - 0.1
[10:01:27] <@wrbtrader> Shorts TF @ 780.40 -> small size
[10:01:32] <@wrbtrader> 3 contracts
[10:08:38] <@wrbtrader> this is slow...very slow
[10:10:39] <@wrbtrader> Covered all TF Short @ 779.30 --> + 1.1
[10:11:29] <@wrbtrader> early exit because I no longer had any patience
[10:11:46] <@wrbtrader>
[10:12:39] <@wrbtrader> Usually I can ride a trade like that for big points but for some reason just didn't have the discipline to stick with the profitable trade.
[10:13:01] <@wrbtrader> more support levels being tested
[10:18:49] <@wrbtrader> Hammer lines forming
[10:24:11] <@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
[10:35:21] <@wrbtrader> Christmas low volatility trading session officially has arrived.
[10:36:03] <@wrbtrader> I won't expect volatility to go back up until latter part of the first week of January 2011
[11:14:36] <@wrbtrader> Long TF @ 777.90 -> small size
[11:14:41] <@wrbtrader> 2 contracts
[11:20:12] <@wrbtrader> Exited all TF Long @ 778.00 --> + 0.1
[11:20:39] <@wrbtrader> Going to lunch...maybe I'll have more patience when I return.
[11:51:12] <@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
[12:16:30] <Time4now> hello
[12:26:33] <codehead> ready for the full moon eclipse at winter solstice? very rare
[12:33:46] <Time4now> test
[12:44:33] <+Time4now> nice volatility spike
[12:59:36] <+Time4now> anyone here?
[13:00:09] <+Sidhartha> yup
[13:00:23] <+Time4now> k
[13:21:12] <@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
[14:03:32] <+Time4now> looks like oil brought this up
[14:04:45] <+codehead> rollever of big contract
[14:04:49] <+codehead> rollover
[14:06:48] <+Sidhartha> this has been a pig to trade today... unless you got long about 10.30 and went out for a long lunch with a wide stop...
[14:23:27] <@wrbtrader> I'm back from a long lunch
[14:48:13] <@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
[15:29:24] <@wrbtrader> EuroFX 6E is flatline (not doing much)
[15:31:53] <@wrbtrader> Long TF @ 781.60 -> small size
[15:32:01] <@wrbtrader> 2 contracts
[15:40:06] <@wrbtrader> Exited all TF Long @ 781.90 --> + 0.3
[15:45:29] <@wrbtrader> Shorts TF @ 781.10 -> small size
[15:45:36] <@wrbtrader> support failure
[15:45:39] <@wrbtrader> 3 contracts
[15:47:48] <@wrbtrader> getting choopy
[15:48:42] <Time4now> could be a big drop
[15:49:37] <+Time4now> I shouldn't make those kinds of comments
[15:49:42] <+Time4now> just speculation
[15:50:14] <@wrbtrader> volatility "was" increasing on the price drop
[15:50:22] <+Sidhartha> still some bullish price action in oil at the moment which is holding it yp...
[15:50:23] <@wrbtrader> However, it's now contracting
[15:50:26] <+Sidhartha> yp=up
[15:54:28] <+Time4now> looks ok, but oil still not involved
[15:58:11] <@wrbtrader> Covered all TF Short @ 780.00 --> + 1.1
[16:14:54] <@wrbtrader> I'm glad I caught something after missing that nice move to the upside that occurred while I was away for a long lunch
[16:16:55] <+Time4now> i'm glad I can watch charts again
[16:18:13] <@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
Session Close: Mon Dec 20 17:31:34 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=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 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)
@ 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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