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 Post subject: January 26th Wednesday - Futures, ETFs and Forex Currencies
 Post Posted: Wed Jan 26, 2011 1:22 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

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

Session Start: Wed Jan 26 07:56:39 2011
Session Ident: #FuturesTrades
[07:56:39] * Now talking in #FuturesTrades
[07:56:39] <@X> [NihabaAshi] chat room archives @ viewforum.php?f=20
[08:13:32] <@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
[09:23:43] <LP> gm all
[09:28:33] <drt> gm all
[09:29:16] <Tigerman> GM all
[09:30:28] <@wrbtrader> Good morning all
[09:35:09] <Trendtrader> gm
[09:35:15] <+Tigerman> Long TF @ 780.7
[09:35:38] <angus> hi all
[09:35:50] <@wrbtrader> Hi angus
[09:36:14] <+Tigerman> Exited all TF Long @ 780.6 --> - 0.1
[09:36:17] <+LP> s emd 924.10
[09:37:24] <@wrbtrader> Don't see too many EMD futures traders
[09:38:32] <+LP> giving it a go, very light volume
[09:38:49] <+LP> but moves like TF
[09:39:03] <+Tigerman> yep is similar
[09:39:13] <+Trendtrader> Shorts NQ @ 2302
[09:39:50] <+LP> out +2, 1 left
[09:40:29] <+Trendtrader> Covered all NQ Short @ 2301.75 --> + 0.25
[09:42:27] <+LP> looking for 921 but stopped at 921.50
[09:42:36] <+Tigerman> Long TF @ 778.4
[09:43:31] <+LP> all out, EMD harder to get fills
[09:43:33] <@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
[09:43:54] <+Tigerman> Exited 1/2 TF Long @ 777.9 --> - 0.5
[09:44:03] <@wrbtrader> LP...does it take a longer time to get fill confirmations ?
[09:44:33] <+LP> no, just longer to get the fill ;)
[09:45:05] <+LP> 1 pts moves with little volume
[09:45:34] <+Tigerman> Exited Remainder TF Long @ 778.5 --> + 0.1
[09:45:38] <+LP> only 1-2 contracts for me on EMD
[09:47:01] <+Tigerman> Shorts TF @ 778.1
[09:47:18] <+LP> emd same as ES confirmations on Tradestation for me
[09:48:10] <+Tigerman> Covered 1/2 TF Short @ 778.2 --> - 0.1
[09:49:25] <+LP> just .30 -.50 spread to work a fill in, big slippage
[09:50:12] <+Tigerman> Covered Remainder TF Short @ 778 --> + 0.1
[09:50:14] <+LP> pick a target and hope for a fill ;)
[09:50:31] <+Tigerman> choppy price now
[09:52:04] <+Tigerman> people wait for home report
[09:53:22] <@wrbtrader> Yes...that's what I'm doing...waiting for the volatility to show up via the pending New Home Sales 10am est report
[09:54:45] <@wrbtrader> We also have the EIA Petroleum Status 1030am est report
[09:55:15] <+Tigerman> yes one or the others have to move the market
[09:56:10] <@wrbtrader> Long TF @ 778.20 -> large size
[09:56:33] <@wrbtrader> tight stop/loss
[09:59:55] <@wrbtrader> Exited 1/3 TF Long @ 779.20 --> + 1
[09:59:58] <@wrbtrader> trailing remainders @ profit
[10:00:53] <@wrbtrader> Exited 1/3 TF Long @ 779.90 --> + 1.7
[10:02:12] <@wrbtrader> Exited TF Long @ 780.10 --> + 1.9
[10:02:14] <@wrbtrader> Holding 1 contract remainder
[10:04:38] <+Tigerman> Shorts TF @ 779.9
[10:04:43] <+LP> l NQ 2302.50
[10:05:40] <+Tigerman> Covered 1/2 TF Short @ 780.2 --> - 0.3
[10:05:59] <+LP> out all 2303.50
[10:06:50] <@wrbtrader> Exited Remainder TF Long @ 780.50 --> + 2.3
[10:06:53] <+Tigerman> Covered Remainder TF Short @ 780.6 --> - 0.7
[10:07:09] <+Tigerman> good wrbtrader
[10:07:56] <@wrbtrader> Emini TF trying hard to go into a "creeper price rise".
[10:08:00] <+Tigerman> I got phone call was distracted too much agressive entry for me
[10:08:26] <+Tigerman> and now a spike up
[10:09:29] <+Tigerman> good home report better than forecast
[10:09:59] <@wrbtrader> Yep...I'm a little surprised.
[10:10:56] <+LP> everthing better than forecast, makes u wonder ;)
[10:11:07] <+Tigerman> household use last printed money by FED
[10:11:50] <+Tigerman> but we are 250k vs 1300 only 5 years ago
[10:12:05] <+LP> everthing so good but no jobs
[10:12:53] <+Tigerman> yes it s all located in asia
[10:14:16] <@wrbtrader> With this economy, housing situation, credit problems et cetera the past few years...
[10:14:43] <@wrbtrader> I don't see as many message posts at forums by traders saying they're going to quit their jobs to try trading full-time.
[10:15:09] <@wrbtrader> Best to keep it part-time because jobs are hard to find.
[10:15:24] <werner> gm all
[10:15:33] <+Tigerman> hi werner
[10:15:56] <+Tigerman> yes job are rare and rarer..
[10:15:57] <+werner> hi tigerman
[10:16:02] <@wrbtrader> testing resistance area now for Emini TF
[10:20:53] <@wrbtrader> volatility contracting in this resistance area
[10:23:32] <+LP> wonder if FED will acknowledge inflation today or have the maid fill up the car and buy groceries ;(
[10:25:08] <+Tigerman> I bet they say inflaction is low...meanwhile price start rising
[10:26:16] <+LP> seems like the dollar would get stronger if things are improving
[10:29:09] <+Tigerman> market today is strong only rising
[10:29:27] <+LP> rates are going up but that could be monetary inflation
[10:30:22] <+LP> i see the numbers but not the signs, oh well ;)
[10:33:47] <@wrbtrader> Oil numbers released
[10:34:47] <+Tigerman> us is fulled of oil ..
[10:35:11] <+Tigerman> almost double vs forecast
[10:36:47] <+Tigerman> Long TF @ 788
[10:37:45] <+Tigerman> Exited 1/3 TF Long @ 788.3 --> + 0.3
[10:38:03] <+Tigerman> Exited 1/3 TF Long @ 788.2 --> + 0.2
[10:39:07] <+Tigerman> choppy contracting...
[10:41:37] <@wrbtrader> Long TF @ 788.60 -> small size
[10:41:47] <@wrbtrader> 3 contracts
[10:41:55] <+LP> s nq 2317.25
[10:42:04] <+LP> humm
[10:43:38] <+Tigerman> Exited Remainder TF Long @ 791 --> + 3
[10:43:52] <@wrbtrader> nice
[10:44:51] <+Tigerman> thanks sometimes lucky trade help
[10:45:14] <+Tigerman> from mental side give some relief
[10:45:37] <+Tigerman> now price continue but I am happy anyway
[10:46:37] <+Tigerman> I wanna exit @ 788.4 TF I stay in trade and spike up happened..
[10:47:55] <@wrbtrader> Exited all TF Long @ 793.10 --> + 4.5
[10:48:18] <+werner> vn
[10:48:23] <+LP> wtg
[10:49:21] <+Tigerman> good wrb :)
[10:50:09] <+LP> out nq -2
[10:50:45] <+LP> got my stop
[10:51:27] <+werner> Long NQ @ 2319.50
[10:52:39] <+werner> Exited all NQ Long @ 2319.00 --> - 0.5
[10:52:51] <+LP> s nq 2319
[10:53:11] <+LP> +1
[10:53:56] <+LP> out +1.5 got back loss
[10:55:16] <+LP> 1 and 2 contract trades, light right now
[10:56:04] <+LP> double down to even up ;)
[10:57:17] <+LP> grrrr had the correct call, bad trade mgmt
[11:00:12] * codehead_away is now known as codehead
[11:02:38] <+Tigerman> Long TF @ 789.7
[11:03:07] <+Tigerman> spike up come... please :)
[11:03:28] <+Tigerman> Exited 1/3 TF Long @ 789.8 --> + 0.1
[11:03:46] <+Tigerman> Exited 1/3 TF Long @ 789.7 --> 0
[11:04:45] <+Tigerman> Exited Remainder TF Long @ 789.8 --> + 0.1
[11:08:59] <+Tigerman> believe me is very hard to see price go up without you on board
[11:09:17] <+Tigerman> exactly after you exit....
[11:13:33] <@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
[11:14:01] <+Tigerman> I exit see all next time
[11:29:37] * Retrieving #FuturesTrades modes...
[11:40:19] <@wrbtrader> Price action still looking weak after the intraday highs.
[11:40:51] <@wrbtrader> I'll be very surprise if it continues dropping and retraces back to the Open price prior to the FOMC Announcement.
[12:34:49] <@wrbtrader> Another low volatility creeper price rise
[12:38:39] <jammin> yes
[12:40:34] <@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
[12:52:10] <@wrbtrader> Gold GC futures also in a low volatility creeper price rise since it's intraday lows
[12:52:36] <@wrbtrader> Light Crude Oil CL futures in a stable price rise too
[13:15:49] <Twin7> hi
[13:16:31] <+Twin7> i see no messages, how do i get history?
[13:17:24] <@wrbtrader> History ?
[13:17:42] <@wrbtrader> You just logged in :)
[13:17:58] <+Twin7> no history , ok
[13:18:07] <@wrbtrader> If you're talking about archives of past logs...
[13:18:43] <@wrbtrader> Go to viewforum.php?f=86
[13:18:50] <+Twin7> thx
[13:18:53] <@wrbtrader> That's where the archives are stored
[13:19:18] <@wrbtrader> Archives back to November 2002
[13:22:18] <@wrbtrader> Today's chat log to current @ viewtopic.php?f=86&t=739
[13:24:46] <@wrbtrader> Currently quiet as expected in the 45 mins leading into the FOMC Announcement
[13:25:06] <@wrbtrader> I won't expect volatility to start increasing until around 1:45pm est
[13:33:30] <@wrbtrader> Long TF @ 791.10 -> small size
[13:33:59] <@wrbtrader> intuition
[13:52:08] <@wrbtrader> trailing stop @ profit
[13:56:10] <@wrbtrader> Exited all TF Long @ 791.50 --> + 0.4
[14:10:34] <@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
[14:14:42] <+LP> here we go
[14:15:37] <+LP> ts goes down
[14:16:24] <+werner> Shorts NQ @ 2315.75
[14:17:47] <+werner> Covered all NQ Short @ 2316.75 --> - 1
[14:18:09] <+LP> ok ts back up
[14:18:42] <+werner> Shorts NQ @ 2316.75
[14:18:50] <ajax> TS ok here LP, where ya at?
[14:18:58] <+LP> CA
[14:19:02] <+ajax> k
[14:19:08] <+ajax> in WA here
[14:20:09] <Time4now> GC up DX down
[14:20:15] <+ajax> <+iNews> 14:17ET Fed leaves rates, QE2 unchanged [ MW http://v.gd/eygK9m ]
[14:22:40] <+werner> Covered all NQ Short @ 2311.50 --> + 5.25
[14:23:35] <+LP> euro and gold spike
[14:26:46] <+werner> Shorts NQ @ 2313.75
[14:28:14] <+Time4now> dollar has retraced
[14:29:07] <+werner> Covered all NQ Short @ 2311.75 --> + 2
[14:29:57] <+LP> nice werner NQ is qick right now
[14:31:35] * Looking up wiseguy7600 user info...
[14:31:39] <+LP> computers playing ping pong with our stops ;)
[14:31:45] * Looking up wise user info...
[14:34:02] * Looking up wiseguy7600 user info...
[14:35:44] <+werner> yep ..tx lp
[14:35:50] <@wrbtrader> chop so far
[14:36:00] <+LP> funny how the 15 min candle after the fed has the same open and close, everbody on the fence
[14:38:15] <+LP> 15min on EMD and tf
[14:38:32] <@wrbtrader> Long TF @ 791.00 -> small size
[14:38:52] <+werner> ah indd lp
[14:39:38] <@wrbtrader> 2 contracts
[14:42:47] <@wrbtrader> trailing @ profit
[14:45:32] <+Twin7> the vol on the TF up move is iffy (as measured with OnBalanceVolume)
[14:50:01] <@wrbtrader> Exited all TF Long @ 791.20 --> + 0.2
[15:10:53] <@wrbtrader> Long TF @ 791.80 -> small size
[15:10:58] <@wrbtrader> 3 contracts
[15:11:02] <@wrbtrader> volatility increasing
[15:11:28] <+werner> Long NQ @ 2318.00
[15:11:47] <+Twin7> last FOMC the reaction was muted , then europe overnight gapped up, so 2day effect
[15:15:22] <+werner> Exited all NQ Long @ 2318.00 --> 0
[15:16:11] <@wrbtrader> Exited all TF Long @ 791.90 --> + 0.1
[15:16:25] <@wrbtrader> still choppy :(
[15:16:32] <+werner> :(
[15:26:55] <+werner> mmm all dead
[15:28:00] <+LP> greatfully ;)
[15:28:27] <+werner> :)
[15:30:45] <@wrbtrader> geeesh...still chop
[15:31:22] <+LP> no inflation from the fed, good for currencies and commodities, markets will pay the price
[15:32:38] <+LP> can't have costs go up without affecting earnings, good luck
[15:33:24] <+LP> emerging markets will get hit first
[15:35:10] <+LP> But you tell me when they pay, and will all be rich heheeee :)
[15:36:34] <+werner> Long NQ @ 2316.50
[15:37:08] <@wrbtrader> Long TF @ 791.10 -> small size
[15:37:50] <@wrbtrader> 3 contracts
[15:37:58] <+werner> Exited NQ Long @ 2314.50 --> - 2
[15:37:59] <+werner> Reverse and Enter Short NQ @ 2314.50
[15:38:55] <@wrbtrader> Exited all TF Long @ 790.60 --> - 0.5
[15:39:22] <@wrbtrader> volatility increasing
[15:40:35] <@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
[15:41:05] <+werner> Shorts NQ @ 2314.00 -> Add
[15:41:10] <+werner> brr
[15:42:20] <+werner> Covered all NQ Short @ 2314.50 --> - 0.5
[15:43:27] <@wrbtrader> Long TF @ 791.10 -> small size
[15:43:33] <@wrbtrader> same trade as prior
[15:44:27] <@wrbtrader> :(
[15:45:07] <+werner> Long NQ @ 2315.25
[15:47:25] <+werner> djeez
[15:53:42] <@wrbtrader> price action approaching the 4pm est rush hour traffic
[15:54:13] <+werner> Exited all NQ Long @ 2315.50 --> + 0.25
[15:56:11] <@wrbtrader> :(
[15:57:33] <+werner> pff
[15:57:38] <+Twin7> limit short TF@791.7
[15:58:50] <+werner> i go to take a beer ...
[15:59:05] <+LP> lol
[16:00:48] <+Twin7> scrached
[16:00:56] <+Twin7> scratched
[16:03:32] <+LP> well maybe we get a trender tomorrow
[16:03:58] <@wrbtrader> Exited all TF Long @ 791.30 --> + 0.2
[16:04:01] <+werner> http://www.achouffe.be/en/
[16:04:17] <@wrbtrader> Take care all
[16:04:26] <+werner> :)
[16:04:34] <+Twin7> bye
[16:04:38] <+ajax> gg u2
[16:04:50] <+LP> c ya
[16:04:58] <@wrbtrader> I'll be expecting a trend day or strong directional price movement sometime Thursday or Friday.
[16:09:06] <+LP> have a good one, lets see what tomorrow brings :)
[16:09:11] <+werner> tx for info wrbtrader...gn all
[16:09:22] <+werner> gn lp
[16:09:26] <+LP> :)

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

#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)
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