##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 29 09:07:48 2010
Session Ident: #FuturesTrades
[09:07:48] * Now talking in #FuturesTrades
[09:07:48] <@X> [NihabaAshi] chat room archives @ viewforum.php?f=20
[09:16:58] <@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
[09:25:47] <pat255> all
[09:30:02] <rickf>
[09:35:22] <@wrbtrader> good morning all
[09:35:31] <+pat255> N
[09:37:01] <@wrbtrader> Was in a private message conversation (debate) with someone that didn't like my commentary at Elitetrader.com that "traders must treat their trading like a business instead of as a hobby".
[09:37:17] <@wrbtrader> He felt that trading and owning your own business has nothing in common.
[09:37:38] <@wrbtrader> I explain to him that I have a friends of the following...
[09:37:48] <@wrbtrader> one is a partner in an architecture firm
[09:37:54] <@wrbtrader> one owns a floral shop
[09:38:30] <@wrbtrader> one works as a landscaper with one employee
[09:38:55] <@wrbtrader> one works at home as a seafood import consultant
[09:39:15] <@wrbtrader> We all talk about the same thing involving running a business...
[09:39:22] <+pat255> hmmm buisness is the way to go ...no pint working for someone
[09:39:30] <+pat255> especially here in US
[09:39:39] <@wrbtrader> taxes, deductions, expenses, bank loans, contracts et cetera
[09:39:53] <@wrbtrader> nothing is different except for the title of the business
[09:40:26] <@wrbtrader> I then ask him did he file his taxes as "market to market" or told the IRS he's trading for a living.
[09:40:36] <@wrbtrader> He responded by saying "what's that"
[09:40:41] <@wrbtrader> I said that's my point.
[09:40:46] <+pat255> lol
[09:41:30] <@wrbtrader> Anyone that doesn't deduct their cost of trading, office area, supplies, data fees or any expenses involved in trading...
[09:41:43] <@wrbtrader> There just giving money away to their govermnent
[09:42:09] <+rickf> was this a newbie or some oldtimer at ET?
[09:42:41] <@wrbtrader> Supposibly an old timer at ET although his registration is only two months old but he talks like an old time...
[09:42:59] <@wrbtrader> Thus, it was confusing for me to determine his experience
[09:43:14] <+rickf> well you find all kinds there
[09:44:01] <+rickf> i gave up on discussions there this summer ... too many trolls and/or idealistic newbies
[09:44:25] <+pat255> oil losing a bit
[09:44:37] <@wrbtrader> When I bought my house, car, bank loan or whatever...
[09:45:08] <@wrbtrader> I would not have gotten any of that nor taken seriously if trading was not a business to me and if I hadn't treated it as such.
[09:45:48] <@wrbtrader> You tell someone like a bank officer your income level as a person that's self-employeed as a trader...
[09:46:07] <@wrbtrader> They want proof...they are not going to take your "word" alone
[09:46:32] <+rickf> lol
[09:46:43] <+rickf> "but i have a nice smile - you can trust me"
[09:46:54] <@wrbtrader>
[09:46:58] <+rickf> (last heard in a Countrywide branch office I think)
[09:48:08] <@wrbtrader> Anybody notice how the Eminis are unusually thin this morning in comparison to other thin trading sessions these holiday
[09:48:12] <+rickf> long es 1256 paper
[09:48:38] <@wrbtrader> It's like most traders started their New Year's holiday today
[09:48:53] <+pat255> yup v thin be careful
[09:48:59] <+pat255> reminder to myself
[09:49:08] <+rickf> indeed ... not expecting much todayt
[09:55:18] <+rickf> out 1256.50 +.25 even though gut tells me higher not playing surf-the-chop again
[10:01:05] <@wrbtrader> I've schedule some personal activities today after seeing the calendar show no key economic events to stir up some volatility
[10:01:19] <@wrbtrader> Thus, I'll be doing very little trading today
[10:01:29] <@wrbtrader> Tomorrow should be better.
[10:01:30] <+rickf> me too ... end of year paperwork
[10:01:40] <+pat255> y no news today ...
[10:07:02] <+pat255> hmm tomorrow better? wonder why?
[10:08:55] <@wrbtrader> Shorts TF @ 789.70 -> small size
[10:09:05] <@wrbtrader> 2 contracts
[10:09:48] <@wrbtrader> not going to hang around too long in this trade
[10:12:01] <@wrbtrader> Covered all TF Short @ 790.00 --> - 0.3
[10:12:43] <@wrbtrader> Long TF @ 790.10 -> small size
[10:12:57] <@wrbtrader> 3 contracts
[10:14:35] <+pat255> biab mkt just dead ..run an errand for wife
[10:25:06] <@wrbtrader> Exited all TF Long @ 789.60 --> - 0.5
[10:28:26] <+rickf> back later
[10:28:47] <@wrbtrader> Shorts TF @ 789.00 -> small size
[10:28:52] <@wrbtrader> 3 contracts
[10:40:36] <@wrbtrader> Covered all TF Short @ 788.60 --> + 0.4
[10:46:59] <@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
[11:29:14] <@wrbtrader> Long TF @ 788.70 -> small size
[11:34:51] <@wrbtrader> Exited 1/3 TF Long @ 789.30 --> + 0.6
[11:39:51] <@wrbtrader> Exited 1/3 TF Long @ 789.60 --> + 0.9
[11:41:09] <@wrbtrader> trailing stop @ 788.80
[11:41:49] <@wrbtrader> be back later...will post late trade result when I return if that trailing stop was hit
[11:41:55] * wrbtrader is now known as wrbtrader_away
[11:42:20] <ajax> gg wrb
[12:05:16] <+ajax> gonna take wifey to starbucks pretty soon for a winter snow mocha....)... hope it moves now so can get it....hmmmm
[12:13:59] <@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
[12:15:20] <+ajax> starbuckies time...cya last hr.... )
[13:18:57] <codehead> dollar sucking
[13:22:53] <Time4now> sure is
[13:44:00] <@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
[14:54:30] <+rickf> back
[15:11:00] <@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
[15:36:43] <+Time4now> ugly
[15:38:54] <+ajax> fyi.....just got alert form TS.....$65 added per month to trade ICE/RUssell, for feed & fees.....glad do not trade that.....enuff skin paid.....
[15:39:51] <+rickf> wow
[15:41:26] <+rickf> not seen anything like that at my brokers yet
[15:42:58] <+ajax> will hit all brokers= they want more of our $$....
[15:43:12] <+ajax> glad trade es/nq only.... )
[15:44:18] <+rickf> I used to be afraid of the old ER2 when I first got into trading.... now I'm able/capable/ to trade the Russell, the exchange it's on begins to suck.
[15:44:40] <+ajax> great &
[15:44:41] <+rickf> is that 65$ JUST for the TF contract, or for ICE data in general
[15:44:53] <+ajax> data per month feed/access
[15:46:59] <+rickf> bleh
[15:47:30] <+rickf> i have a hard time paying for data access ... they get commish and other fees per trade, and the exchange then wants more for the data.
[15:47:30] <+ajax> ss2233.25, +.5, +.75, runr in
[15:48:10] <+ajax> ya sucks....way of the new "Progressive" wolrd.....folks voted them in, da price to pay.... (((
[15:48:43] <+rickf> nothing to do w/politics .... it's just a monopoly doing what it does best
[15:49:13] <+ajax> +2out
[15:49:39] <+ajax> that too....but behind it is the politics, as always in human history
[15:52:27] <+ajax> have a freind working for the FDIC past year....was head hunted for his experince/30 years.....the stories I know now, wud curl ur body!!.....ALL politics, all bs & $$ manipulation at the highest polkitical levels, & not banking....a fact!!!!.... (
[15:52:46] <+rickf> i am in dc ... trust me i know aaallll too well
[15:53:01] <+ajax> ah, that u wud then...
[15:53:40] <+rickf>
[15:53:42] <+ajax> used to be in Ops a long time ago....still have contacts, so know the behind the real scenes= is disgusting actually
[16:01:54] <+rickf> well that was a fun day of nothing -- as expected
[16:02:47] <+rickf> see you tomorrow
[16:05:00] <+ajax> lol...u2
[16:41:01] <@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: Wed Dec 29 20:09:51 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 Trading (no technical 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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