##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 27 08:37:20 2010
Session Ident: #FuturesTrades
[08:37:20] * Now talking in #FuturesTrades
[08:37:20] <@X> [NihabaAshi] chat room archives @ viewforum.php?f=20
[08:46:48] <pat255> N
[08:47:20] <+pat255> very few people today . volume wil be thin
[09:02:08] <@wrbtrader_away> Yep...as usual between Christmas and New Years holidays
[09:20:01] <werner> hi all
[09:34:18] <rickf> short es 1247.25 paper
[09:36:10] <+pat255> NQ weak
[09:36:51] <+werner> djeez nq
[09:36:58] <+werner> indd patt
[09:37:08] <+werner> pat
[09:37:26] <+werner> ym sup imo
[09:37:37] <+werner> 11455
[09:38:15] <+werner> maybe tf also sup at83.40
[09:38:30] <+werner> lets see
[09:38:50] * wrbtrader_away is now known as wrbtrader
[09:39:45] <@wrbtrader> No schedule economic reports today
[09:40:18] <@wrbtrader> However, there was the China news today about their rates being raised that caused the Eurex futures (e.g. DAX) to drop like a rock big time
[09:40:34] <+werner> divergent markets
[09:40:37] <@wrbtrader> That occurred in the overnight trading session (earlier this morning)
[09:41:12] <@wrbtrader> Eminis dropped too but they quickly retraced the drop
[09:41:26] <@wrbtrader> Eurex DAX did not retrace the drop
[09:41:52] <+werner> maybe nq go to 2205.50 prev weekly low
[09:42:32] <+werner> look es
[09:42:35] <+werner> tsss
[09:42:48] <+werner>
[09:49:52] <@wrbtrader> VXX broke out of an earlier range but the Eminis are still range bound
[09:50:17] <@wrbtrader> In reference to Emini TF
[09:50:36] <@wrbtrader> NQ not range bound...it's still dropping
[09:51:52] <@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
[10:35:06] <+pat255> oh man just dont s this mkt
[10:35:17] <+pat255> was a bit S biased but look at NQ
[10:35:43] <@wrbtrader> It's thin as expected with very few opportunities
[10:37:22] <+pat255> y
[10:49:50] <+rickf> ugly and waaaay thin
[10:50:25] <+rickf>
[10:55:15] <@wrbtrader> These blizzards or winter storms are causing havoc all over the world that gets snow
[10:55:39] <+pat255> y eirope is coming out of it but US E coast got hit bad
[10:55:43] <@wrbtrader> ing in airports on your few days of xmas must suck
[10:55:50] <+pat255> lol y
[10:56:05] <+pat255> N u have much snow where ua re?
[10:56:14] <+pat255> u are..
[10:56:24] <@wrbtrader> Just the normal amount.
[10:56:40] <+pat255> k
[10:57:03] <@wrbtrader> However, it keeps in big time soon after New Years via about a foot of snow per week
[10:57:37] <+pat255> oh my u are dep in snow country
[10:57:41] <+pat255> deep
[10:57:58] <@wrbtrader> Yeah and up in higher elevations near the ski areas
[10:58:04] <+pat255> your heat bills prolly go theu the roof?
[10:58:09] <+pat255> thru
[10:59:04] <@wrbtrader> No...this is Canada.
[10:59:19] <@wrbtrader> We sell electricity to other countries.
[10:59:25] <@wrbtrader> It's very cheap here
[10:59:37] <+pat255> hmm I c..
[10:59:55] <@wrbtrader> For example...most apartments or condos include heat and water for free in the bill
[11:00:19] <+pat255> i c.. how much a 2BR/2BA rents for?
[11:00:20] <@wrbtrader> Most houses the water is free too except for the electricity that's very cheap
[11:01:13] <@wrbtrader> You can find stuff like that from $450 to $1200 per month.
[11:01:31] <@wrbtrader> Depending upon where you live in the city or surrounding area.
[11:01:39] <+pat255> k I know Real estate is very expensive in Canada
[11:16:28] <+ajax> ah know that area....is a beauti up there.....me used to live in Toronto many moons ago, born there....
[11:17:14] <+ajax> ah Quebec City....one of most beautiful citties in N. AMerica, that most don't know about... )
[11:18:53] <@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
[11:19:02] <+ajax> L2214.5, +.5, +1
[11:25:21] <+ajax> +1out
[11:27:45] <+ajax> ss2215.25, +.75, +1
[11:28:01] <+ajax> runr in
[11:28:30] <@wrbtrader> Geeesh...Emini ES is in a 2 tick range for awhile now
[11:28:48] <@wrbtrader> everybody else trying to make some price movements
[11:31:40] <+ajax> ya why switched over today to NQ= more momo there
[11:32:21] <+pat255> nq always has movement Es is just a lout no move
[11:37:09] <+ajax> +1 out
[11:45:00] <+pat255> later guys ty all
[11:46:11] <+ajax> bye pat
[11:55:31] <+rickf> back
[11:58:09] <+ajax> es 1250.50 upper/1250 lower sideways channel lines to watch 4 breakout
[11:58:22] <+ajax> have great indicator that prints sideways channels, prints the line of upper/lower channel, than just watch for Price to break the channel for 2 bars, then a go (if other ta's say same).... ))
[12:00:07] <codehead> guys
[12:00:56] <+ajax> codeh
[12:02:57] <+rickf> btw happy holidays all
[12:04:06] <+ajax> u3
[12:04:27] <+ajax> L2215.5, +.75
[12:05:08] <+codehead> 2217.00 is .382 from last session late peak
[12:05:13] <+codehead> to lod
[12:05:44] <+ajax> +1
[12:06:08] <+codehead> might have a little res here therefor--on bigger frame looks like it wants higher
[12:06:44] <+ajax> DJ MARKET TALK: Shell Oil Ex-President Sees $5 Gasoline in 2012
[12:07:51] <+ajax> +2out
[12:08:53] <+codehead> the EFT are such a scam--USO, if it gets continued upside, will soon get back to *one-third* of what it was a couple of years ago
[12:09:21] <+codehead> i bought some at the bottom, sold it at $40.99 like a year and a half ago
[12:09:36] <+codehead> and peak it was cents short of 120
[12:09:53] <+codehead> now, just about 39
[12:10:17] <+codehead> while crude is about two-thirds of peak
[12:10:30] <+ajax> groovy
[12:10:32] <+rickf> no kitting -- contango and the rolling killed long-term holders
[12:11:20] <+ajax> ok....errands to run & wifey home this week.... for close....good hunting all....
[12:16:30] <+codehead> on the way down, the contango was insane
[12:17:17] <+codehead> i think it was like $8 once, right up near expiration
[12:28:50] <+codehead> 2220.00 is a res, 2222.50-2223.00 a bigger one
[12:48:53] <@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
[12:58:56] <+werner> no trading here.see you all tomorrow
[13:47:37] <+rickf> gonna go watch some paint dry, which is infinately more exciting than the tape. see y'all tomorrow
[13:54:16] <Time4now> decent moves, then flattens
[14:03:42] <+codehead> haven't been trading much lately, got in a short with a tight stop and the bracket got accidently cancelled, so i stupidly put back in a higher stop instead of taking a tick or too worse exit than planned
[14:04:14] <+codehead> and of course that begat a second bad trade
[14:04:45] <+codehead> then three since reasonable ones, including a small one with the trend
[14:05:16] <+codehead> but this is why i need to take the trade even in slow holidays
[14:05:51] <+codehead> wasn't mentally prepared at first, wasn't counting on execution error
[14:06:02] <+codehead> and responding poorly to it
[14:07:16] <+Time4now> I took 1 short today
[14:07:22] <+Time4now> exited at -.1
[14:07:36] <+Time4now> felt good after i watched it climb
[14:07:37] <+codehead> cool
[14:07:52] <+codehead> the thing is, i recognized long shortly after i got on, didn't take it
[14:07:54] <+Time4now> I miss most of the good stuff
[14:08:13] <+Time4now> taking reversals is alien to me
[14:08:30] <+codehead> and i knew if my first short went past a certain point--my original stop was only 1.25 NQ pts
[14:08:35] <+codehead> that it was a long again
[14:09:05] <+codehead> instead, put back in a wider stop trying to get a less bad exit, and it wouldn't take me, took the stop instead--lol
[14:09:28] <+Time4now> hmm
[14:09:48] <+Time4now> It's hard to switch mentaly from short to long or vice versa
[14:10:16] <+codehead> bad mentality to say, effectively, "i think it will back up 2-3 ticks and take me, before it pops another 10 and hits my stop"
[14:10:31] <+codehead> very bad
[14:11:25] <+codehead> on second one, i was tryign to hard to get it back right away, tho i did stop and reverse when the stop hit
[14:11:27] <+codehead> at least
[14:12:01] <+codehead> toppy here
[16:24:22] * wrbtrader is now known as wrbtrader_away
[16:25:20] <@wrbtrader_away> Just as important...the futures markets are just too thin during the holiday trading sessions and that makes it high risk trading for me
[17:12:54] <@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 27 19:18:06 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