##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: Wed Dec 22 09:28:39 2010
Session Ident: #FuturesTrades
[09:28:39] * Now talking in #FuturesTrades
[09:28:39] <@X> [NihabaAshi] chat room archives @ viewforum.php?f=20
[09:28:46] <pat255> all
[09:31:25] <Trendtrader> Shorts NQ @ 2234.25 «« simulator »»
[09:36:30] <+Trendtrader> Covered all NQ Short @ 2233.75 --> + 0.5 «« simulator »»
[09:39:33] <@wrbtrader> Long TF @ 790.00 -> medium size
[09:39:47] <@wrbtrader> 4 contracts (3 + 1)
[09:40:38] <+pat255> L 2234.5
[09:40:42] <+pat255> NQ
[09:41:58] <@wrbtrader> Exited all TF Long @ 789.10 --> - 0.9
[09:42:32] <@wrbtrader> Shorts TF @ 788.80 -> large size
[09:42:44] <@wrbtrader> 6 contracts (3 + 3)
[09:42:48] <+pat255> out -2 ticks
[09:45:21] <@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
[09:49:00] <@wrbtrader> Covered 1/2 TF Short @ 788.60 --> + 0.2
[09:50:33] <@wrbtrader> Covered Remainder TF Short @ 788.60 --> + 0.2
[09:51:16] <@wrbtrader> testing support again
[09:53:13] <@wrbtrader> Long TF @ 787.80 -> medium size
[09:53:19] <@wrbtrader> 4 contracts
[09:54:41] <+pat255> housing report in 5 min main mkt mover for day according to econoday
[09:55:41] <@wrbtrader> Exited 1/2 TF Long @ 789.00 --> + 1.2
[09:55:54] <+pat255> vn
[09:55:55] <@wrbtrader> Exited Remainder TF Long @ 789.10 --> + 1.3
[09:56:10] <@wrbtrader> pat255...thanks for the reminder...I lost track of time.
[09:56:18] <+pat255> yw
[09:56:35] <@wrbtrader> I didn't want to be in a trade when that Housing number report is released
[09:56:44] <+pat255> yup
[09:57:06] <@wrbtrader> However, I will jump back on quickly when volatility shows up in reaction to that report
[10:00:44] <@wrbtrader> Shorts TF @ 788.30 -> small size
[10:00:49] <@wrbtrader> 3 contracts
[10:01:04] <@wrbtrader> tight stop/loss
[10:01:37] <@wrbtrader> Covered all TF Short @ 788.80 --> - 0.5
[10:05:02] <@wrbtrader> Price action tough this morning...out of sync
[10:07:01] <@wrbtrader> Long TF @ 789.80 -> small size
[10:07:16] <@wrbtrader> 3 contracts
[10:07:50] <@wrbtrader> Exited all TF Long @ 789.50 --> - 0.3
[10:09:01] <@wrbtrader> Long TF @ 789.60 -> small size
[10:09:10] <@wrbtrader> same trade as before
[10:12:30] <@wrbtrader> Exited all TF Long @ 789.30 --> - 0.3
[10:15:46] <@wrbtrader> Shorts TF @ 788.90 -> medium size
[10:15:53] <+pat255> NQ weak
[10:15:59] <@wrbtrader> 4 contracts (2 + 2)
[10:17:28] <@wrbtrader> support again
[10:17:43] <@wrbtrader> if it fails...I'll try to cover into the failure
[10:17:56] <@wrbtrader> trailing @ profit
[10:18:56] <@wrbtrader> NQ and QQQQ also testing intraday lows
[10:21:10] <@wrbtrader> Covered all TF Short @ 788.60 --> + 0.3
[10:21:58] <werner> hi all
[10:22:26] <@wrbtrader> Long TF @ 789.00 -> small size
[10:22:35] <@wrbtrader> 3 contracts
[10:22:55] <@wrbtrader> volatility will soon tighten up...it's now or never on the position size
[10:24:00] <+werner> Long NQ @ 2232.00
[10:24:46] <@wrbtrader> Long TF @ 788.80 -> Add
[10:28:02] <@wrbtrader> Exited all TF Long @ 788.00 --> - 1.8
[10:28:15] <@wrbtrader> I hate covering a losing Short at support
[10:28:30] <+pat255>
[10:28:39] <+pat255> nq so lethargic
[10:29:52] <@wrbtrader> Yeah...I couldn't look at it anymore
[10:31:18] <@wrbtrader> Long TF @ 788.40 -> medium size
[10:31:23] <@wrbtrader> 4 only
[10:33:08] <@wrbtrader> Exited all TF Long @ 788.60 --> + 0.2
[10:33:12] <@wrbtrader>
[10:33:30] <@wrbtrader> so far today my losers are bigger than my winners "overall".
[10:33:49] <+pat255> just choping in small range now
[10:34:00] <+pat255> nq has no range at all
[10:34:35] <@wrbtrader> It's going to move directional...I just don't want it to do such when I take a break (e.g. go eat)
[10:35:50] <+werner> Exited all NQ Long @ 2231.25 --> - 0.75
[10:36:15] <@wrbtrader> Shorts TF @ 788.10 -> medium size
[10:36:37] <@wrbtrader> back at support with volatility
[10:36:52] <@wrbtrader> it bounced priorly without the volatility
[10:37:00] <@wrbtrader> lets see what it does with volatility
[10:37:38] <+pat255> biab
[10:38:22] <+werner> Shorts NQ @ 2231.50
[10:38:43] <@wrbtrader> Emini TF has been moving on it's on when everybody else is stalling...
[10:38:58] <@wrbtrader> Unless I'm having data problems with my broker and chart vendor
[10:40:26] <@wrbtrader> Shorts TF @ 788.50 -> Add
[10:41:04] <@wrbtrader> geeesh
[10:41:15] <@wrbtrader> similar trade like a prior Long where I added
[10:41:38] <@wrbtrader> initial entry went in my favor and then quickly reversed...stalled...I added and ended up with a loss
[10:42:50] <@wrbtrader> 787.10 gets me profitable for the day via 1/2
[10:43:09] <@wrbtrader> Covered 1/2 TF Short @ 787.10 --> + 1.4
[10:43:57] <@wrbtrader> almost
[10:46:28] <@wrbtrader> support now resistance
[10:48:48] <+werner> ...stops are in
[10:50:48] <@wrbtrader> Covered all TF Short @ 787.80 --> + 0.3
[10:52:36] <@wrbtrader> not a good day of trading so far. 5 losers and 5 winners
[10:52:46] <@wrbtrader> made enough money to buy some sushi
[10:52:56] <+pat255> back ..
[10:53:12] <+pat255> lol N nq is worse today
[10:53:31] <@wrbtrader> 2 poorly manage trades and 1 trade error
[10:53:52] <@wrbtrader> Xmas distractions
[10:54:17] <@wrbtrader> I learned yesterday night at the butcher that XMAS holidays is a big fish feast for Italians
[10:54:25] <@wrbtrader> I didn't know that
[10:54:37] <+pat255> hmmm me too
[10:54:38] <@wrbtrader> meant seafood
[10:55:20] <@wrbtrader> I'm not Italian but I love seafood but hate beef, porc, veal, chicken and turkey.
[10:55:36] <@wrbtrader> Only eat that meat when served at friends houses.
[10:55:49] <+pat255> seafood much better than all the rest..
[10:56:02] <@wrbtrader> In the past I use to say make an alternative dish for me when invited at someone's house...
[10:56:05] <+pat255> i stay away from beef altogetehr
[10:56:17] <@wrbtrader> Until a few people said I was being rude with such a request
[10:57:08] <@wrbtrader> funny thing I'm told I'm picky but people that hate fish
[10:57:18] <@wrbtrader> but = by
[10:57:38] <+pat255> problem in US now is that much seafood comes from LA AL MS the area which had oil spill
[10:57:59] <+pat255> plus food inspection is better in Canada
[10:58:11] <@wrbtrader> Most seafood buther will tell you where the seafood is coming from.
[10:58:11] <Time4now> I thought seafood contained a lot of mercury
[10:58:27] <@wrbtrader> In contrast, most grocery store seafood place won't tell you.
[10:58:45] <+pat255> not here in US ..they will lie ..
[10:58:51] <@wrbtrader> Best to get your seafood from a local buther that KNOWS where the seafood is coming from
[10:58:59] <+pat255> yes
[10:59:04] <@wrbtrader> I stay away from buying seafood from grocery stores
[11:03:19] <@wrbtrader> Long TF @ 788.30 -> small size
[11:03:25] <@wrbtrader> 3 contracts
[11:03:41] <@wrbtrader> intuition
[11:11:14] <@wrbtrader> Exited all TF Long @ 788.00 --> - 0.3
[11:15:21] <@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
[11:19:08] <+pat255> k guys c u all later ..back to office
[11:28:15] <@wrbtrader> Long TF @ 788.50 -> small size
[11:28:29] <@wrbtrader> 2 contracts
[11:31:32] <@wrbtrader> Exited all TF Long @ 789.20 --> + 0.7
[11:32:06] <+Time4now> looks like you caught one
[11:34:29] <+werner> djeez tf ..gogo
[11:34:42] <+werner> take that 89.20
[11:36:16] <+werner> come on es
[11:36:47] <+werner> take that 52.75
[11:37:03] <+werner> go go
[11:37:50] <+werner> Covered all NQ Short @ 2235.75 --> - 4.25
[11:39:11] <+werner> ow sorry that entry was a long
[11:39:27] <+werner> +4.25
[11:47:28] <+werner> Shorts NQ @ 2236.50
[11:54:59] <+werner> exit 35
[12:02:20] <+werner> Covered all NQ Short @ 2236.25 --> + 0.25
[12:17:47] <+Time4now> markets look very divergent
[12:21:11] <@wrbtrader> a lot of key markets not in sync making it very difficult for trading
[12:21:29] <@wrbtrader> However, that's normal for holiday December trading.
[12:21:39] <@wrbtrader> It's been that way since the 80's
[12:22:19] <@wrbtrader> Thus, I'm not too because this is the norm for this time of year but it would be nice if we had more volatility
[12:24:30] <+Time4now> I'm looking to go long if this will retrace with a pattern
[12:36:19] <+Time4now> needs some support
[12:40:24] * +Time4now short tf 790
[12:44:59] * +Time4now exit 789.6
[15:42:23] <@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
[16:06:21] <@wrbtrader> As soon as I got profitable after having a tough morning of trading...I stopped.
[16:07:02] <@wrbtrader> Thus, no trades after 1130am est for me...
[16:07:34] <@wrbtrader> Spent the rest of the day finishing my Christmas shopping instead of dealing with the crowds this evening (tonight).
[16:07:43] <@wrbtrader> Take care all and see all tomorrow.
[16:07:53] * wrbtrader is now known as wrbtrader_away
Session Close: Wed Dec 22 16:18:48 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)
Skype Messenger: kebec2002
questions@thestrategylab.com
Go Back To TheStrategyLab.com Homepage