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 Post subject: January 3rd Monday - Futures, ETFs and Forex Currencies
 Post Posted: Mon Jan 03, 2011 5:43 pm 
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Trader / Forum Admin

Joined: Tue Dec 16, 2008 1:02 am
Posts: 3326
Location: Canada
#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

Attachment:
010311_Key_Price_Action_Markets.png
010311_Key_Price_Action_Markets.png [ 188.78 KiB | Viewed 170 times ]

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

Session Start: Mon Jan 03 09:24:49 2011
Session Ident: #FuturesTrades
[09:24:49] * Now talking in #FuturesTrades
[09:24:49] <@X> [NihabaAshi] chat room archives @ viewforum.php?f=20
[09:37:15] <@wrbtrader> Good morning all
[09:37:39] <@wrbtrader> I'm missing Friday's data from my chart vendor due to the early closure :(
[09:37:59] <@wrbtrader> Thus, I have a big gap on my charts from Thursday to today's open :(
[09:41:57] <Trendtrader> Friday's closes on my charts:
[09:42:18] <+Trendtrader> TF 785.1
[09:42:42] <+Trendtrader> ES 1257.50
[09:42:47] <drt> gm
[09:43:01] <+Trendtrader> YM 11555
[09:43:35] <+Trendtrader> NQ 2224.25
[09:45:50] <@wrbtrader> trendtrader...thanks
[09:49:26] <@wrbtrader> low volatility creeper price action has already showed up.
[09:49:29] <@wrbtrader> :(
[09:52:39] <LP> Construction Spending and ISM at 10:00
[09:55:34] <@wrbtrader> thanks
[09:55:44] <@wrbtrader> sneaky ones on a Monday
[09:56:03] <+LP> yep
[09:58:51] <@wrbtrader> Emini TF looks sluggish
[09:59:31] <+LP> first day always a grind up;) even if things are bad, the question is how high?
[10:02:50] <Andy> gm and Happy New Year to all
[10:03:12] <+Andy> Andy = AndyES
[10:04:54] <werner> happy new year andy,all
[10:12:04] <@wrbtrader> Emini TF still moving higher
[10:16:17] <@wrbtrader> Long ES @ 1268.00 -> large size
[10:16:38] <@wrbtrader> 6 contracts
[10:19:29] <@wrbtrader> VXX breaking below support
[10:23:10] <@wrbtrader> Now Emini ES contracting
[10:24:32] <@wrbtrader> Exited all ES Long @ 1268.75 --> + 0.75
[10:35:50] <+Andy> Long CL @ 92.19 «« simulator »»
[10:36:54] <+Andy> Exited 2/3 CL Long @ 92.25 --> + 0.06 «« scalp »»
[10:38:17] <+Andy> Exited Remainder CL Long @ 92.23 --> + 0.04 «« scalp »»
[10:44:30] <@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
[10:53:52] <@wrbtrader> nice move so far off the pullback of that WRB
[11:05:41] <@wrbtrader> The number of "commercial hedgers" in the Emini ES has been declining steadily since July 2010 while the number of "small traders has been slowly rising
[11:06:26] <@wrbtrader> That could explain the contracting volatility as in smaller range days
[11:16:55] <@wrbtrader> Anybody know if the Brent Oil futures data is from the UK (England) ???
[11:17:17] <@wrbtrader> I know it's on the ICE exchange but wondering if the actual data is from that country (UK).
[11:21:28] <+Andy> I don't know a thing about it
[11:21:47] <+Andy> but it would be interesting to find a way to circumvent the NYMEX
[11:22:02] <+Andy> their fees are so high
[11:22:10] <@wrbtrader> I was wondering because when the UK (FTSE) is closed...Brent Oil data are also closed
[11:22:18] <+Andy> interesting
[11:22:52] <@wrbtrader> Yeah...Brent Oil traders almost correlated with the Light Crude Oil CL futures
[11:23:12] <+Andy> that is really interesting
[11:23:52] <+Andy> you can lease a seat on the NYMEX as an individual, but it is impossible to lease as a business entity
[11:24:19] <+Andy> so, if you want to form a trading business seperate from your personal account, the NYMEX says:
[11:24:28] <@wrbtrader> I've heard that before
[11:25:04] <+Andy> buy two seats (@450K) and 6000 shares (@ 500K)
[11:25:47] <@wrbtrader> The way volatility and volume has been drying up since 2008...
[11:25:51] <+Trendtrader> Shorts TF @ 799.3 -> small size «« simulator »»
[11:26:17] <@wrbtrader> I think some traders are less likely to buy seats on the exchange even though the cost of seats have dropped
[11:28:10] <+Andy> the leases are pretty cheap though...
[11:28:20] <+Andy> 6 months for $1800
[11:29:10] <+Andy> you save $2.00 on each round turn as a leasee
[11:29:38] <+Andy> http://www.cmegroup.com/company/members ... cingType=1
[11:31:51] <+Trendtrader> Covered all TF Short @ 798.9 --> + 0.4 «« simulator »»
[11:31:53] <@wrbtrader> I also like how they show the Bid / Offer of the seats :)
[11:32:46] <@wrbtrader> What's next...candlestick charts of the seats Bid / Offer/ Last sale price :)
[11:33:13] <+Andy> It is interesting that they have individuals buy two seats...
[11:33:45] <+Andy> so even if you are trading your own account...you have one hanging out there...I guess that is why the leases are so cheapt
[11:33:47] <+Andy> cheap
[11:34:03] <+Andy> yes, and the bid offer is funny
[11:34:20] <@wrbtrader> Is it allowed to buy a seat...sit on it and then resale it for a profit ?
[11:34:47] <+Andy> no idea what the rules are...
[11:35:06] <+Andy> the $1M price tag to enter that club kind of slowed me down
[11:35:09] <@wrbtrader> Must have been a hot item in the late 1990s
[11:40:17] <@wrbtrader> Treasury futures ZN and ZB doing well today
[12:01:53] <@wrbtrader> Long ES @ 1271.25 -> medium size
[12:11:31] <@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
[12:16:00] <@wrbtrader> a little selling pressure here...hopefully it'll stall
[12:25:00] <@wrbtrader> Volatility spike up in some of the Oil index
[12:26:15] <@wrbtrader> Oil indices stalling now
[12:28:34] <@wrbtrader> Exited all ES Long @ 1271.25 --> 0
[12:28:54] <@wrbtrader> Oil still retracing after the stall
[12:29:11] <@wrbtrader> same with Gold
[13:36:46] <+werner> Long NQ @ 2257.75
[13:41:31] <@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
[14:28:22] <+werner> Exited all NQ Long @ 2256.75 --> - 1
[14:29:23] * codehead is now known as away
[14:46:17] * away is now known as codehead
[15:05:44] <+Andy> NYMEX Feb crude oil has traded 193K; ICE Feb Brent crude 79K
[15:05:50] <+Andy> today
[15:08:31] <@wrbtrader> Thanks Andy...I still can't get Brent data which is why I thought the market was still closed :(
[15:10:19] <+Andy> yes, I'll look into it a little more too...that is pretty good volume
[15:11:32] <@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
[15:17:01] <@wrbtrader> Shorts ES @ 1267.25 -> medium size
[15:17:23] <@wrbtrader> 4 contracts...size error
[15:17:51] <@wrbtrader> actually a lot of problems with this trade
[15:18:59] <@wrbtrader> Covered all ES Short @ 1267.50 --> - 0.25
[15:23:21] <@wrbtrader> Shorts ES @ 1266.75 -> large size
[15:24:00] <@wrbtrader> 6 contracts
[15:28:21] <@wrbtrader> Shorts ES @ 1267.00 -> Add
[15:33:00] <@wrbtrader> Covered all ES Short @ 1267.75 --> - 1.75
[15:38:21] <@wrbtrader> Shorts ES @ 1268.00 -> large size
[15:38:38] <@wrbtrader> same size and same trade as before
[15:42:10] <@wrbtrader> Covered all ES Short @ 1268.00 --> 0
[15:44:36] <@wrbtrader> Shorts ES @ 1267.25 -> large size
[15:44:46] <@wrbtrader> 12 contracts
[15:44:50] <@wrbtrader> same trade
[15:45:43] <@wrbtrader> support just won't break
[15:48:01] <@wrbtrader> Shorts ES @ 1268.25 -> Add
[15:49:21] <codehead> NQ low was within a tick or two of .618 of the intraday range
[15:50:20] <@wrbtrader> Covered all ES Short @ 1268.75 --> - 2
[15:50:56] <@wrbtrader> geeesh
[15:51:36] <@wrbtrader> I tried a few Long positions in there too but didn't get a fill...gave up and kepted going for the Shorts
[15:51:42] <@wrbtrader> size wasn't big either
[15:53:33] <@wrbtrader> Shorts ES @ 1268.25 -> large size
[15:53:42] <@wrbtrader> 12 contracts
[15:54:25] <+LP> last year dow +155, naz +39, S&P +1.7%
[15:55:14] <@wrbtrader> Shorts ES @ 1267.75 -> Add
[15:55:31] <+LP> last year, 1st day gold up,$ down, oil up
[15:58:21] <@wrbtrader> hammering at support into the regular session close
[15:58:48] <+LP> not the same push this year,oil flat, gold down,dollar up, bonds down, markets up 1.2 -1.8 ish
[16:01:59] <+LP> russ up the most +1.8 today
[16:04:42] <@wrbtrader> it was a good try
[16:04:54] <@wrbtrader> Covered all ES Short @ 1266.75 --> + 2.5
[16:05:49] <@wrbtrader> Shorts ES @ 1266.50 -> large size
[16:06:03] <@wrbtrader> 6 contracts
[16:07:20] <@wrbtrader> I'm trying to concentrate my trading efforts today via the first hour and last hour with SIZE and anything in between via small size only
[16:07:53] <@wrbtrader> Will use this position size setup in 2011 on most trading days whenever I suspect that "low volatility crap"
[16:09:10] <+werner> gn all
[16:12:58] <@wrbtrader> Covered all ES Short @ 1265.00 --> + 1.5
[16:13:27] <+LP> wtg
[16:13:50] <@wrbtrader> always a tough trading day when changing trading instruments
[16:14:31] <@wrbtrader> Also, had one arm tied behind my back today via data problems (missing most of my data Eurex, Euronext, NYMEX and COMEX)
[16:14:54] <@wrbtrader> always a problem the first trading day after a holiday or 1/2 day :(
[16:20:08] <+LP> to much beer? no
[16:20:43] <@wrbtrader> I wish
[16:21:29] <+LP> hehee happy new year :) take care
[16:32:58] <+Andy> gn all
[16:38:32] <@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 Jan 03 17:40:27 2011

-------------------------

#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:

Image CME Emini Futures EMD, ES and NQ

Image ICE Emini TF Futures (formerly CME ER2)

Image CBOT mini-sized Dow Futures YM

Image Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50

Image Eurex Fixed Income Derivatives (futures) BUND, BOBL and Schatz

Image Euronext Futures FTSE-100 and CAC-40

Image CME Futures EuroFX 6E and EC

Image Treasury Futures T-Notes ZT, ZN, ZF and T-Bonds ZB

Image Forex Currencies GbpUsd, EurUsd, EurYen and UsdCdn

Image Exchange Traded Funds VXX, DIA, IWM, QQQQ, SPY, BGU, FAS, FAZ, TNA, OIH, XLE and GLD

Image NYMEX Energy Futures Light Crude Oil CL, Brent Crude Oil BRN, e-miNY QM and Natural Gas NG

Image COMEX Metal Futures Gold GC, mini-Gold YG, Copper HG and Silver SI

Image S&P CNX NIFTY Futures

Image 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)
Image@ 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


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