##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: Tue Feb 22 09:08:43 2011
Session Ident: #FuturesTrades
[09:08:43] * Now talking in #FuturesTrades
[09:08:43] <@X> [NihabaAshi] chat room archives @ viewforum.php?f=20
[09:10:53] * wrbtrader_away is now known as wrbtrader
[09:11:06] <@wrbtrader> Good morning all
[09:11:29] <pat255> N
[09:11:48] <+pat255> was away for almost 5 weeks ...good to be back ..
[09:37:45] <Trendtrader> all
[09:43:13] <+Trendtrader> Shorts TF @ 823.4 «« simulator »»
[09:43:58] <Twin> im trying to sync with this mkt, maybe 828 is a resist lvl
[09:44:29] <+Twin> but its so much higher , maybe it can't get there
[09:45:01] <+Trendtrader> Covered 1/2 TF Short @ 822.4 --> + 1 «« simulator »»
[09:45:30] <+Trendtrader> exit stop moved to breakeven TF @ 823.4 «« simulator »»
[09:45:45] <+Trendtrader> Covered Remainder TF Short @ 821.4 --> + 2 «« simulator »»
[09:48:52] <+pat255> S ef 825 paper
[09:48:56] <+pat255> TF
[09:52:32] <+pat255> out -1 paper
[09:53:32] <+Trendtrader> Shorts TF @ 826 «« simulator »»
[09:55:18] <@wrbtrader> Be careful...up to bat are a few 10am est key economic reports
[09:59:54] <+Trendtrader> Shorts TF @ 828 -> Add «« simulator »»
[10:06:13] <+Trendtrader> Covered all TF Short @ 826.7 --> + 0.6 «« simulator »»
[10:35:55] <@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
[10:49:54] <@wrbtrader> I hate the first day after a holiday...takes my data provider awhile to remove the empty holiday chart
[10:50:12] <@wrbtrader> I now have enough data to trade
[10:50:35] <Time4now> so you missed the morning trading?
[10:50:45] <@wrbtrader> It's still morning
[10:50:46] <+pat255> great ...just watch today after long layoff
[10:56:42] <+Time4now> Shorts TF @ 827.6 -> medium size «« simulator »»
[11:01:08] <+Time4now> Covered 1/2 TF Short @ 826.3 --> + 1.3 «« simulator »»
[11:01:55] <+Time4now> connection choppy
[11:02:15] <+Time4now> Covered Remainder TF Short @ 825.8 --> + 1.8 «« simulator »»
[11:03:20] <@wrbtrader> Shorts Emini TF @ 825.60 -> large size
[11:08:23] <+pat255> good entry N ..
[11:08:56] <@wrbtrader> Covered 2/3 Emini TF Short @ 824.40 --> + 1.2
[11:08:59] <@wrbtrader> Holding 2 contract remainders
[11:09:44] <@wrbtrader> I don't like missing trade opportunities (data issues) when I'm ready to trade...
[11:10:43] <@wrbtrader> Glad I saw something when the data problems was no longer a concern
[11:10:52] <+pat255> vn N
[11:18:02] <@wrbtrader> Covered Emini TF Short @ 820.20 --> + 5.4
[11:18:05] <@wrbtrader> Holding 1 contract remainder
[11:18:10] <+pat255> vvn
[11:18:24] <+Time4now> excellent patients
[11:18:26] <Leopard> great trade
[11:18:51] <@wrbtrader> Yeah and it was a late entry...waiting for enough data
[11:19:09] <@wrbtrader> could have been short around 826.00
[11:19:20] <@wrbtrader> meant 827
[11:20:50] <@wrbtrader> Covered Remainder Emini TF Short @ 819.50 --> + 6.1
[11:21:08] <@wrbtrader> caught a WRB pt3...that's rare for me via the 1min chart
[11:23:37] <@wrbtrader> I think the volatility is a combo via the middle east uprisings (gap down) and today's 10am key economic reports
[11:24:48] <@wrbtrader> That 1000am est report price action became a "pivot" or "reaction point" for the price action that later occurred around 1057am est.
[11:30:13] <+Twin> long @819.4
[11:31:20] <+Twin> not sure how high, maybe 822.4
[11:32:18] <+Twin> stoped +.1
[11:37:49] <+Time4now> Long TF @ 819.7 -> small size «« simulator »»
[11:42:07] <+Time4now> Exited TF Long @ 820.7 --> + 1 «« simulator »»
[11:46:31] <+Time4now> Shorts TF @ 818.8 -> small size «« simulator »»
[11:54:45] <+Time4now> lost my downward pressure
[11:55:38] <+Time4now> Covered TF Short @ 819.3 --> - 0.5 «« simulator »»
[12:02:55] <@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
[12:22:12] <Matthis82> Hallo, ich Matthias von Heidelberg bin, ich bin Homosexuell, kontaktieren Sie bitte: mattibacht@web.de
[12:22:19] <+Matthis82> thanks
[12:23:02] <+Time4now> I don't speak , German? but I dont think that's futures related
[12:23:29] <Sidhartha> haha. me neither
[12:23:51] <+Matthis82> Hello, I'm Matthias from Heidelberg, I'm gay, please contact: mattibacht@web.de
[12:24:08] <+Matthis82> I seach men for my future
[12:24:33] <+Time4now> thats fine, wrong channel though :/
[12:25:51] <+Matthis82> I also want to become my profession
[12:26:41] <+Matthis82> Se avete bisogno di me sapete come contattarmi
[12:31:02] <+Twin> it acts pretty weak, its almost a bear flag, i think 819.5 is the choice pt
[12:31:30] <+Twin> above that, bulls are good
[12:31:56] <+Time4now> very choppy, waiting for better price action
[12:32:43] <+Twin> trying limit 818.7 with the idea that its going 819.5 at least
[12:36:33] <+Twin> cncl
[12:38:15] <+Twin> i think the bear flag case is getting realler
[12:44:05] <+Twin> i think tf can go 814, but im not in short, rats
[12:48:57] <+Twin> on woodies cci this looks a ghost long, but i think it is bad this time , as in i think further dn
[12:51:34] <+Twin> i hate shorting lows
[12:56:18] <+Twin> another gush dn i thnk, cant get in safely though
[13:02:29] <+Twin> trying limit long 813.1
[13:10:37] <+Twin> moved to 812.1
[13:15:44] <@wrbtrader> Emini TF another try at developing a support to stand up on
[13:20:58] <+Twin> if i was brave i would short here
[13:21:28] <+Twin> (or is it foolish )
[13:21:28] <+Time4now> Shorts TF @ 815.8 -> medium size «« simulator »»
[13:22:38] <+Time4now> Covered TF Short @ 815 --> + 0.8 «« simulator »»
[13:22:50] <+Time4now> possition size error
[13:25:14] <+Time4now> worked out though
[13:25:34] <@wrbtrader> another weak support broken
[13:25:54] <+Time4now> cl dumping
[13:25:56] <+Twin> i get 12.1 is pretty good support
[13:26:59] <@wrbtrader> counter-thrusts are very shallow...making it tough to short
[13:27:52] <werner> hi all
[13:28:27] <+Twin> its like you need analysis on ES to figure where support is, ES looks trend dn, no real bncs
[13:30:34] <+Twin> hi werner
[13:31:53] <+Twin> those buffaloes that were buying last week, where are they?, i think they are waiting for higher low, then they buy
[13:32:56] <@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
[13:33:31] <+werner> Shorts NQ @ 2327.75
[13:37:40] <+werner> Covered all NQ Short @ 2329.00 --> - 1.25
[13:42:58] <@wrbtrader> Emini TF back at that prior support failure
[13:48:04] <+Time4now> no good short entries
[13:49:13] <@wrbtrader> Shorts Emini TF @ 814.30 -> small size
[13:49:17] <@wrbtrader> 1 contract
[13:51:38] <+werner> Long NQ @ 2325.50
[13:52:01] <+werner> pff so fast
[13:53:32] <@wrbtrader> support trying to develop
[13:54:17] <+werner> Exited all NQ Long @ 2327.50 --> + 2
[13:56:40] <@wrbtrader> Covered Emini TF Short @ 815.00 --> - 0.7
[14:00:50] <+Twin> limit long TF@813.7
[14:12:06] <@wrbtrader> That's a lot of "volatility contraction" the past hour of price action
[14:15:08] <@wrbtrader> Interesting article about the price action AFTER the market has doubled in gains @ http://www.businessinsider.com/the-mark ... gly-2011-2
[14:29:29] <+werner> scalping here ...to fast to post trades
[14:33:15] <@wrbtrader> Long Emini TF @ 816.50 -> small size
[14:33:23] <@wrbtrader> 1 contract
[14:33:27] <@wrbtrader> intuition
[14:40:36] <@wrbtrader> Exited Emini TF Long @ 816.70 --> + 0.2
[14:43:29] <@wrbtrader> Shorts Emini TF @ 816.00 -> small size
[14:43:35] <@wrbtrader> 3 contracts
[14:46:11] <@wrbtrader> Covered all Emini TF Short @ 815.90 --> + 0.1
[14:46:41] <@wrbtrader> I got lost in the forest on that trade...best to cover and wait for a clear opening.
[14:50:33] <@wrbtrader> Long Emini TF @ 816.50 -> small size
[14:50:40] <@wrbtrader> 2 contracts
[14:56:07] <@wrbtrader> Exited all Emini TF Long @ 816.10 --> - 0.4
[14:57:39] <@wrbtrader> not getting anywhere in this volatility contraction especially when the "expected" volatility spike didn't show up
[14:59:51] <+Sidhartha> it's jammed up between a lot of the previous price action
[15:02:56] <@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
[15:22:02] <@wrbtrader> New intraday lows
[15:41:56] <+werner> Long NQ @ 2320.00
[15:45:28] <+werner> Exited all NQ Long @ 2319.00 --> - 1
[15:48:11] <+werner> Long NQ @ 2320.50
[15:50:31] <+werner> Exited all NQ Long @ 2318.50 --> - 2
[15:51:23] <+werner> Long NQ @ 2319.00
[15:54:00] <@wrbtrader> I'm not expecting buyers going into the 4pm est rush hour traffic.
[15:54:12] <+werner> ai
[15:54:15] <+werner>
[15:54:39] <+werner> Exited 1/2 NQ Long @ 2322.25 --> + 3.25
[15:56:20] <+werner> Exited all NQ Long @ 2322.50 --> + 3.5
[15:58:08] <+werner> gn all
[15:58:37] <+Leopard> gn thanks
[16:00:52] <Time4now> looks like I didn't miss much
[16:01:38] <@wrbtrader> Yep...a snail race at the regular session close.
[16:01:49] <+Sidhartha> how did you know...
[16:29:57] <@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: Tue Feb 22 17:33:48 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:

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)
Skype Messenger: kebec2002
questions@thestrategylab.com
Go Back To TheStrategyLab.com Homepage