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 Post subject: February 15th Tuesday - Futures, ETFs and Forex Currencies
 Post Posted: Tue Feb 15, 2011 6:14 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:
021511-Key-Price-Action-Markets.png
021511-Key-Price-Action-Markets.png [ 207.67 KiB | Viewed 213 times ]

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

Session Start: Tue Feb 15 09:10:02 2011
Session Ident: #FuturesTrades
[09:10:02] * Now talking in #FuturesTrades
[09:10:02] <@X> [NihabaAshi] chat room archives @ viewforum.php?f=20
[09:23:32] <LP> gm all
[09:26:02] <drt> gm
[09:26:24] <@wrbtrader> Good morning all
[09:28:43] <Leopard> gm
[09:29:42] <werner> gm all
[09:39:19] <Trendtrader> Long TF @ 822.1 «« simulator »»
[09:39:20] <@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
[09:42:42] <+Trendtrader> Exited 1/2 TF Long @ 823.1 --> + 1 «« simulator »»
[09:44:51] <+Trendtrader> exit stop set TF @ 822.8 «« simulator »»
[09:47:29] <+Trendtrader> Exited Remainder TF Long @ 823.5 --> + 1.4 «« simulator »»
[09:53:45] <@wrbtrader> Market is waiting for the pending price reaction to the 10am est key economic report...
[09:53:48] <@wrbtrader> So am I
[10:02:24] <@wrbtrader> Shorts Emini TF @ 823.50 -> large size
[10:02:36] <@wrbtrader> 6 contracts
[10:11:39] <@wrbtrader> Covered Emini TF Short @ 821.10 --> + 2.4
[10:11:41] <@wrbtrader> Holding 1 contract remainder
[10:11:49] <+werner> vn
[10:19:14] <+Trendtrader> agreed, nice trade
[10:20:47] <@wrbtrader> trailing @ profit on remainder
[10:29:37] <@wrbtrader> It's been awhile (several trading days) that I've seen the Emini & Eurex Futures move together with Oil futures in reaction to a key economic report.
[10:31:01] <+werner> Long NQ @ 2372.00
[10:34:14] <+werner> Exited all NQ Long @ 2374.00 --> + 2
[10:41:06] <@wrbtrader> Covered Remainder Emini TF Short @ 821.10 --> + 2.4
[10:47:14] <+LP> nice
[10:51:20] <+LP> 7 reports and still TF is in that 4 pt range from the close on monday, market must be waiting for something
[10:53:44] <@wrbtrader> Market just taking a breather after all of the Egypt crisis...
[10:53:56] <+LP> TF 820 held so up I guess
[10:54:10] <@wrbtrader> As soon as Mubarack left office...the market went into RANGE
[10:54:29] <+LP> true
[10:58:17] <@wrbtrader> Geeesh...Natural GAS NG futures has been hammered for about 2 weeks...
[10:58:34] <@wrbtrader> Today is the first time in awhile it's trying to develop some legs to stand on.
[11:06:21] <@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
[11:17:53] <Time4now> Shorts TF @ 822.7 «« simulator »»
[11:22:43] <+Time4now> Covered TF Short @ 822.9 --> - 0.2 «« simulator »»
[11:38:50] <Thaiba> no news today
[11:39:19] <+Time4now> prez is speaking
[11:40:40] <@wrbtrader> Yeah...I usually stay on the sidelines when the major financial networks are following a speech by the U.S. President
[11:42:02] <@wrbtrader> Especially if he's talking about something that's related to the reason why the market has been doing what it is doing recently.
[12:00:40] <codehead> long ES 1324.75 <sim> testing signal
[12:01:30] <+codehead> 11 tick stop
[12:04:29] <+codehead> exit E +.50
[12:04:57] <+codehead> actually, trade should have been filtered out for no entry
[12:08:13] <@wrbtrader> Long Emini TF @ 821.80 -> small size
[12:08:18] <@wrbtrader> 1 contract
[12:08:36] <@wrbtrader> too much contraction in volatility to push more contracts
[12:13:57] <@wrbtrader> volatility trying hard to increase
[12:17:11] <@wrbtrader> Exited Emini TF Long @ 822.40 --> + 0.6
[12:35:59] <@wrbtrader> volatility slowly like a snail is increasing
[12:36:21] <@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
[12:41:43] <+Time4now> Shorts TF @ 823.4 -> small size «« simulator »»
[12:47:22] <+Time4now> Covered TF Short @ 823.1 --> + 0.3 «« simulator »»
[13:16:14] <Twin> limit long TF 821.9 (?able if it hits)
[13:18:12] <@wrbtrader> increasing volatility
[13:18:37] <@wrbtrader> Emini TF at a support area...lets see if it holds
[13:26:08] <+Twin> i thnk it will mv to 822.4 and decide there up/dn
[13:28:25] <+Twin> like a pivot
[13:28:39] <+Twin> concept
[13:30:51] <+Twin> its hanging here too long
[13:37:32] <@wrbtrader> Long Emini TF @ 822.00 -> small size
[13:37:41] <@wrbtrader> 2 contracts
[13:37:48] <+Twin> nc
[13:38:06] <@wrbtrader> tight trail
[13:46:54] <@wrbtrader> volatility spike
[13:46:55] <+Twin> trying to reload 822.4 with micro stop
[13:47:01] <+Twin> long
[13:53:56] <+Twin> oops , stopped
[13:54:20] <@wrbtrader> Exited all Emini TF Long @ 822.20 --> + 0.2
[13:59:57] <+Twin> hmmm, i need a better tactic, maybe partials off @822.4
[14:01:22] <+Twin> well...it decided dn
[14:02:59] <+Twin> i thnk, bear flag here, then final tgt 819.1
[14:03:21] <@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
[14:07:43] <@wrbtrader> I would need to see this test the intraday lows or develop a higher low before trying another Long position
[14:08:29] <+Twin> k, the chart looks terrible, very ragged
[14:09:02] <+Twin> i guess it means big fight between different time frame players
[14:12:32] <+Twin> since we knew pivot pt, it would have been correct to stopandreverse @821.9
[14:12:42] <+Twin> instead of just stop
[14:13:50] <+Twin> i want a secret decoder ring that tells me which way those contentions break
[14:16:20] <+Twin> i tht it wd be up
[14:19:07] <+Twin> or i shd say my secret decoder ring is malfunctioning
[14:22:07] <+Twin> 819.1 is looking 'attractive'
[14:24:45] <+Time4now> Shorts TF @ 819.6 -> small size «« simulator »»
[14:25:08] <+Twin> i think i should be short, but i missed the entry
[14:27:34] <+Twin> this is a difficult game, you have to be so nimble
[14:29:40] <+Time4now> Covered TF Short @ 819.5 --> + 0.1 «« simulator »»
[14:29:55] <@wrbtrader> still downside pressure...waiting for any higher low to show stability or any failed counter-thrust
[14:30:57] <+Twin> it should bnc withn 1000 ticks ( i have 300 tick chart so 3 bars)
[14:31:49] <+Twin> limit long 818.7 (trying to be tricky here)
[14:34:04] <+Twin> bumps secret decoder ring ('your online now right?)
[14:38:19] <@wrbtrader> Emini TF still looks like it hasn't found a new support area
[14:39:59] <+Twin> i have woodies cci up, it looks awesome here, as in it should bnc immediately, (or crash :( )
[14:40:56] <+Twin> i put the stop @+.1 so they can't 'get me' they usually do
[14:42:07] <+Twin> ive always liked RSI so this is first week i have had cci up, its very reactive, it gives many more signals (many false)
[14:42:45] <+Twin> haha??
[14:44:05] <+Twin> im going to be frustrated if im stopped
[14:47:55] <+Twin> here is some appropriate music: http://www.youtube.com/watch?v=eWtfE1GHNjg
[14:48:30] <+Twin> hmm, no links in this soft, k
[14:49:54] <+Twin> "you are go"
[14:50:02] <+codehead> was a nice vegas signal on cci off the bottom
[14:50:13] <+Twin> is that what it is called?
[14:50:37] <+Twin> i don't use woodie methods
[14:50:49] <+Twin> but i like his names ...'ghosts'
[14:51:15] <+codehead> that's a move to extreme, pullback to inside the -100/100 lines, dip back down (over at least 3 bars), then break out th cip that firmed
[14:51:45] <+Twin> thx, i should investigate more, i like that pattern
[14:51:58] <+codehead> woodies cci is very useful
[14:53:52] <+codehead> anyway, about RSI: try "stochastics of RIS"
[14:53:57] <+Twin> im talk talk, because i think the pos (lng) is longer term
[14:54:02] <+codehead> one of the best head-up indicators there is
[14:54:15] <+codehead> heads-up\
[14:54:25] <+Twin> @codehead k, ill try stoch of RSI
[14:54:39] <+Twin> thx codehead
[15:02:11] <+LP> stochastics of rsi ? an indicatior of a indicatior? I bet wrbtrader justed passed out ;) hehehe
[15:08:44] <+LP> TF 820 still holding, if that breaks we could do 815 easy, wrb at 813 on 15 min chart
[15:10:25] <+LP> 3 reports befor the open, might get us there
[15:11:29] <+LP> or up up up and away, very light volume
[15:17:54] <+Twin> we are going to new highs! (laughs, I think 1338 ES is the tgt)
[15:27:23] <+Twin> i (preens brighly) got bottom tick!, ('secret decoder ring, good going.')
[15:29:04] <+Twin> but then (ominous music plays) ...maybe I have spoken too soon.
[15:29:18] <+codehead>  Long NQ @ es 
[15:29:24] <+codehead> doh--ES
[15:29:44] <+codehead> 1324.50
[15:32:08] <+codehead> exited +0.75
[15:33:22] <@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
[15:34:02] <jammin> Roubini turns bullish on U.S. stocks http://www.financialpost.com/news/Roubi ... story.html
[15:34:12] <+LP> s nq 2378 light
[15:34:18] <+jammin> sorry if improper for this channel
[15:35:36] <+Twin> well, i may be stopped, ooff , humbling mkt
[15:40:41] <+Time4now> Long TF @ 819.5 -> medium size «« simulator »»
[15:42:26] <+LP> out even, holding 1
[15:43:02] <+LP> volume light
[15:43:25] <+Twin> its acing like a deformed bear flag, im afraid for my long
[15:44:25] <+Twin> stopped, (and i suppose appropriately humbled)
[15:47:12] <+Time4now> Exited TF Long @ 818.7 --> - 0.8 «« simulator »»
[15:48:07] <+Twin> i need a secred decode entry ring on one hand (which worked) and a secret decoder exit ring on the other hand (which didn't work)
[15:49:35] <+LP> s tf 818.90
[15:49:38] <+LP> 1
[15:49:47] <+LP> out even NQ
[15:49:48] <+Twin> its going 817.9
[15:50:47] <+Twin> so , limit long TF@817.7
[15:51:14] <+LP> stop 818.50
[15:51:33] <+LP> out
[15:52:45] <+LP> target 817.50 then if breaks 812.80
[15:53:42] <+LP> i will try reshort on a bounce but under 820
[15:54:32] <+LP> volume light other markets not helping TF short
[15:55:58] <+LP> might have been a spike to clear stops or get you short, will see
[15:57:48] <+Twin> limit play invalidated
[16:00:21] <+LP> NQ ES up ,with in the pull of 820, no shorts
[16:02:27] <+LP> ok will try 817.50 and 812.80 tomorrow if 820 breaks
[16:03:54] <+LP> if not up up and away
[16:12:58] <+Twin> GN. to put it positively, another interesting day in the Russell index.
[17:03:22] <@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
[18:00:56] <@wrbtrader> Take care all and see all tomorrow

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

#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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questions@thestrategylab.com
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