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 Post subject: January 14th Friday - Futures, ETFs and Forex Currencies
 Post Posted: Sat Jan 15, 2011 9:03 pm 
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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:
011411_Key_Price_Action_Markets.png
011411_Key_Price_Action_Markets.png [ 202.24 KiB | Viewed 205 times ]

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

Session Start: Fri Jan 14 07:53:37 2011
Session Ident: #FuturesTrades
[07:53:37] * Now talking in #FuturesTrades
[07:53:37] <@X> [NihabaAshi] chat room archives @ viewforum.php?f=20
[07:57:56] * Looking up YMer2 user info...
[07:59:47] * Looking up scitor user info...
[08:48:24] <@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
[09:19:54] <LP> gm
[09:22:53] <jammin> gm
[09:23:14] <AndyES> gm jammin, all
[09:29:38] <drt> gm
[09:32:41] <+AndyES> l cl 90.39
[09:33:11] <+AndyES> exit 3/4 90.45
[09:33:19] <Trendtrader> Long NQ @ 2302
[09:33:27] <werner> gm all
[09:34:08] <+Trendtrader> Exited 1/2 NQ Long @ 2303.25 --> + 1.25
[09:34:09] <+AndyES> exit remainder 90.49
[09:37:42] * Looking up GoBucks user info...
[09:37:46] <+Trendtrader> Exited Remainder NQ Long @ 2303.25 --> + 1.25
[09:46:49] <@wrbtrader> Shorts TF @ 798.70 -> large size
[09:50:39] <Sidhartha> consumer sentiment 5 mins
[09:50:57] <@wrbtrader> tightening stop/loss
[09:51:53] <+Trendtrader> wrb, curious... where is that tighter stop?
[09:53:02] <@wrbtrader> Covered all TF Short @ 798.60 --> + 0.1
[09:53:22] <@wrbtrader> trendtrader...it was moved from 2 points to 3 ticks
[09:53:33] <+Sidhartha> nice cover. houdini
[09:53:38] <+Trendtrader> thanks
[09:53:39] <@wrbtrader> Regardless, I rarely take a stop out.
[09:54:03] <@wrbtrader> Thus, the actual stop itself has no impact on my actual exits.
[09:54:46] <+Sidhartha> so mostly you get out through an actual limit order you enter wrbtrader...? Or a market in order in emergencies...?
[09:54:54] <@wrbtrader> I try very hard to read the price action (it's always changing) to determin an exit without letting a stop decide
[09:55:02] <+Trendtrader> was the 2pts your worst case stop then?
[09:55:34] <@wrbtrader> Simply, hard stops are based upon historical price action even though that price action may only be a few minutes old.
[09:55:56] <@wrbtrader> In contrast, my actual exits are based upon "current" price action
[09:56:17] <@wrbtrader> Sid, I use limit and market orders with no preference
[09:56:48] <+Trendtrader> thx
[09:56:49] <+Sidhartha> in the last case you used a limit order...?
[09:56:53] <@wrbtrader> yes
[09:57:23] <+Sidhartha> ok. I was watching the action... think I would have struggled to have got the exit you did
[09:57:31] <+Sidhartha> too much panic!
[09:57:44] <@wrbtrader> that consumer report spooks me sometimes
[09:57:55] <@wrbtrader> sometimes it doesn't but today it did
[09:58:00] <+Sidhartha> it can cause some big moves
[09:58:22] <+mojo9981> teyare buying this report
[09:58:35] <+mojo9981> and selling it
[09:58:38] <+mojo9981> at the same time
[09:59:07] <@wrbtrader> Long TF @ 798.50 -> large size
[10:00:46] <@wrbtrader> geeesh :(
[10:00:48] <+mojo9981> good long call wr
[10:01:16] <@wrbtrader> just had a data stall
[10:06:01] <@wrbtrader> Exited all TF Long @ 799.00 --> + 0.5
[10:08:26] * Looking up jammin user info...
[10:08:59] * Looking up scitor user info...
[10:15:25] <@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
[10:22:15] <+mojo9981> shorted 81,25
[10:26:50] <@wrbtrader> nice
[10:36:13] <codehead> shorted NQ 2306.25, but decided i'm not awake enough, and saw an error in taking it there--out - .50
[10:36:44] <+codehead> after 1.75 heat
[10:36:53] <+AndyES> s cl 91.01
[10:37:28] <+AndyES> exit -.04
[10:38:48] <+AndyES> s 91,02
[10:40:01] <+AndyES> exit 2/3 90.97
[10:40:44] <@wrbtrader> Long TF @ 798.80 -> large size
[10:42:49] <+AndyES> exit remainder 90.93
[10:50:37] <+codehead>  Shorts NQ @ 2310.50 
[10:51:20] <+codehead> this is premature, tight stop
[10:52:20] <@wrbtrader> volatility contracting now
[10:52:31] <@wrbtrader> tighning trail stop @ profit
[10:52:45] <+mojo9981> good call wr
[10:52:51] <+mojo9981> i tookk my 2 pointer on short
[10:52:53] <+mojo9981> and happy
[10:52:58] <+mojo9981> 2 points here 2 points there
[10:53:02] <+mojo9981> and good enough
[10:53:12] <+codehead>  Exited all NQ @ 2309.75 
[10:53:25] <@wrbtrader> expecting a volatility spike here soon because of the contraction
[10:53:42] <@wrbtrader> hopefully the spike takes price upwards and not downwards
[10:54:43] <+codehead> nice trade mojo
[10:55:21] <@wrbtrader> Time4now...I sent you a private message at the forum
[10:56:03] <@wrbtrader> Exited all TF Long @ 799.30 --> + 0.5
[10:57:47] <+codehead> cool wrb
[11:01:27] <+AndyES> l cl 90.88
[11:02:33] <+AndyES> out all 90.88
[11:07:31] <@wrbtrader> I hate those types of pick pocketing
[11:07:53] <@wrbtrader> usually I'll chase it with another Long but just decided to watch and learn
[11:43:01] <+AndyES> there must be money to be made on tests...whipping the weak hands out
[11:43:25] <@wrbtrader> Yep and the markets are range bound right now on very low volatility
[11:45:25] <@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
[11:48:19] <+AndyES> l 90.89
[11:51:24] <+AndyES> exit 2/3 90.25
[11:51:27] <+AndyES> hld 2
[11:51:42] <+AndyES> sorry exit 90.95
[11:53:04] <+AndyES> exit 91.01
[11:53:07] <+AndyES> hld1
[11:55:46] <+AndyES> exit last 91.07
[13:15:26] <@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
[13:16:44] <@wrbtrader> Long TF @ 802.60 -> small size
[13:29:08] <@wrbtrader> Exited all TF Long @ 803.30 --> + 0.7
[13:31:50] <+mojo9981> LONG ARE COMING MORE
[13:31:57] <+mojo9981> SO this will go more up
[13:43:27] <+Sidhartha> another creeper uptrend basically... 3rd a row
[13:43:42] <+Sidhartha> lets see if this one cracks in the afternoon as it did yesterday
[13:55:45] <+mojo9981> wrb your tf
[13:55:48] <+mojo9981> triggered my ES
[13:55:54] <+mojo9981> ty
[13:55:57] <+mojo9981> was good call
[13:56:42] <+mojo9981> and 88 is my target
[13:58:45] <+mojo9981> wrb ty very much
[13:58:49] <+mojo9981> and ty for yoru room
[14:06:32] <@wrbtrader> :)
[14:06:47] <@wrbtrader> thank you
[14:07:06] <@wrbtrader> I had a good entry on that but couldn't hold it by the time you made your analysis
[14:07:28] <+mojo9981> i posted for you
[14:07:31] <+mojo9981> more longs coming
[14:07:41] <+mojo9981> i saw only buying
[14:07:44] <+mojo9981> coming
[14:07:51] <+mojo9981> in TF hard to hold somteims
[14:07:55] <+mojo9981> I agree
[14:08:00] <+mojo9981> is why I use ES only
[14:08:07] <+mojo9981> large and stable
[14:08:09] <+mojo9981> u know
[14:09:02] <+mojo9981> plus in my case I see 2 pointer on es plus
[14:09:07] <+mojo9981> I am taking it
[14:21:45] <+mojo9981> wrb you had great call on that TF long man
[14:21:49] <+mojo9981> sad you did not hold it
[14:23:03] <@wrbtrader> Yeah...usually I would have jump back on back am a little busy with some personal stuff
[14:23:16] <@wrbtrader> back = but
[14:24:52] <+mojo9981> more tom come
[14:25:00] <+mojo9981> anway
[14:25:05] <+mojo9981> ty very much
[14:25:10] <+mojo9981> and have a good weekend
[14:25:14] <+mojo9981> see you on tuesday
[14:25:21] <+mojo9981> if you need me I am on skype
[14:25:31] <+mojo9981> I can show you those byers
[14:35:13] * codehead is now known as codehead_away
[14:42:26] <@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
[15:26:50] <+werner> Shorts NQ @ 2318.50
[15:31:50] <ajax> ga all
[15:33:57] <@wrbtrader> I would be bullish TF but I don't like what NQ and ES are doing
[15:34:37] <+werner> Covered all NQ Short @ 2317.50 --> + 1
[15:34:54] <@wrbtrader> Oil CL futures in a tight trading range as is Gold GC futures
[15:36:12] <+ajax> gg
[15:44:48] <@wrbtrader> Long TF @ 804.00 -> medium size
[15:45:08] <@wrbtrader> 4 contracts
[15:46:52] <@wrbtrader> Eminis (TF, NQ, YM, ES and EMD) on the same page...hope it last a few minutes more
[15:50:47] <@wrbtrader> Exited 1/2 TF Long @ 806.20 --> + 2.2
[15:51:10] <+ajax> gg
[15:51:29] <+ajax> R2 es here
[15:52:04] <+werner> yes indd ajax
[15:52:14] <+werner> nice wrbtrader
[15:56:15] <@wrbtrader> trailing remainders @ profit
[15:56:38] <@wrbtrader> getting close to the regular session 4pm est rush hour traffic
[16:00:23] <@wrbtrader> punks :(
[16:00:37] <@wrbtrader> Exited Remainder TF Long @ 404.50 --> - 399.5
[16:00:44] <@wrbtrader> ooops
[16:00:54] <@wrbtrader> Exited all TF Long @ 804.50 --> + 0.5
[16:01:40] <@wrbtrader> another pick pocketed and it bounced back quickly :(
[16:08:26] <+werner> g wk all
[16:08:30] <+LP> closed on monday, have a good weekend :)
[16:08:53] <+werner> :)
[16:09:05] <+LP> :)
[16:10:41] <@wrbtrader> Take care all and have a good weekend.
[16:10:58] <@wrbtrader> I'm exhausted...still recovering from a stomach flu.
[16:11:10] * wrbtrader is now known as wrbtrader_away
[16:12:27] <@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
[16:28:28] <+ajax> gn all
Session Close: Fri Jan 14 21:03:00 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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