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 Post subject: February 25th Friday - Futures, ETFs and Forex Currencies
 Post Posted: Fri Feb 25, 2011 7:05 pm 
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Joined: Tue Dec 16, 2008 1:02 am
Posts: 2481
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:
022511-Key-Price-Action-Markets.png
022511-Key-Price-Action-Markets.png [ 198.04 KiB | Viewed 79 times ]

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

Session Start: Fri Feb 25 09:06:23 2011
Session Ident: #FuturesTrades
[09:06:23] * Now talking in #FuturesTrades
[09:06:23] <@X> [NihabaAshi] chat room archives @ viewforum.php?f=20
[09:27:02] <pat255> gm
[09:27:47] <+pat255> gm N I checked your link on the charts ...U had 2 charts on Er what tf were the charts 5m?
[09:29:13] <drt> gm everyone
[09:30:07] <JB> gm
[09:32:15] <@wrbtrader> The minute interval is shown in the lower right of the charts
[09:32:31] <+pat255> k ty
[09:32:40] <@wrbtrader> I didn't have time to post a chart for today...was lazy this morning
[09:33:07] <+pat255> np
[09:34:48] <Trendtrader> Long TF @ 808.2 «« simulator »»
[09:35:15] <+Trendtrader> Exited 1/2 TF Long @ 809.2 --> + 1 «« simulator »»
[09:37:02] <+Trendtrader> Exited Remainder TF Long @ 809.6 --> + 1.4 «« simulator »»
[09:41:27] <+JB> short ES @ 1313
[09:42:11] <@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
[09:42:53] <+pat255> Consumer Sentiment 9:55 AM ET
[09:44:13] <@wrbtrader> Shorts Emini TF @ 808.50 -> large size
[09:46:20] <@wrbtrader> Covered all Emini TF Short @ 809.00 --> - 0.5
[09:46:59] <@wrbtrader> 6 contracts
[09:47:28] <@wrbtrader> Shorts Emini TF @ 808.60 -> large size
[09:47:52] <@wrbtrader> intuition in reaction to the "pick pocketed" stop out of the prior trade
[09:55:33] <Sidhartha> consumer sentiment... 1 min
[09:55:49] <@wrbtrader> tight trail
[09:56:38] <@wrbtrader> Covered all Emini TF Short @ 808.30 --> + 0.3
[10:04:06] <@wrbtrader> Long Emini TF @ 810.00 -> large size
[10:04:24] <+JB> Long ES 1316
[10:04:25] <@wrbtrader> intuition
[10:04:32] <@wrbtrader> 6 contracts
[10:04:48] <@wrbtrader> rising creeper price action...tough to think about shorting
[10:05:12] <@wrbtrader> volatility expanding now
[10:06:23] <+Sidhartha> good day for intuition... I haven't seen much else yet
[10:07:10] <@wrbtrader> Had I did it correctly...I should have enter a Long around 808.50 when I cover that prior short @ 808.30
[10:07:29] <@wrbtrader> tight stop
[10:07:37] <@wrbtrader> I may get disconnected...
[10:07:46] <@wrbtrader> just got a ping warning
[10:09:42] <@wrbtrader> Exited 2/3 Emini TF Long @ 812.70 --> + 2.7
[10:09:51] <+pat255> vvn
[10:10:28] <codehead> NQ hit .500 bounce
[10:10:45] <+JB> reversing ES and going short @ 1316.75
[10:20:47] <@wrbtrader> tighten trail
[10:23:50] <@wrbtrader> I'm looking to add if I get a valid trade signal
[10:26:47] <@wrbtrader> On the 5min chart regular session...this is just "continuation" price action since 2pm est
[10:35:58] * Thaiba_ is now known as Thaiba
[10:37:09] <@wrbtrader> Looking to add
[10:38:21] <@wrbtrader> :(
[10:39:16] <+JB> I'm long at ES it looks an up day today so far...
[10:39:56] <@wrbtrader> If I don't have a valid trade signal via technical analysis...
[10:40:14] <@wrbtrader> I will open a trade if my market experience (intuition) kicks in.
[10:40:37] <@wrbtrader> However, when it comes to ADDING to an open position...I MUST have a valid trade signal for such.
[10:40:53] <@wrbtrader> I do not ADD via market experience (intuition).
[10:41:28] <@wrbtrader> I use to have a ton of discipline problems with ADDs many years ago
[10:41:40] <+JB> I guess that all depends on the technical signals that you have.
[10:41:45] <Time4now> large opening gap is taking out volatility
[10:42:55] <@wrbtrader> Low volatility creeper rising price action trying hard to develop
[10:46:09] <+Sidhartha> yeah volatility died briefly
[10:46:11] <+JB> are looking at VIX for the volatility?
[10:47:38] <+Sidhartha> just the size of the bodies
[10:48:12] <+JB> minute charts or tick charts?
[10:49:37] <+codehead> 2348.00 is NQ symmetry
[10:53:08] <@wrbtrader> Exited Remainder Emini TF Long @ 814.00 --> + 4
[10:53:17] <+pat255> vn N
[10:53:25] <@wrbtrader> thanks
[10:55:37] <@wrbtrader> As usual...when I reach my profit goal of the day...
[10:56:06] <@wrbtrader> I go into "profit protection mode" via trading 1 - 2 contracts only for the remainder of the day.
[10:56:44] <donaldT44> wrbtrader ur indicators avilable on ninjatrader 7?
[11:08:13] <+Sidhartha> he doesn't use indicators
[11:08:26] <+donaldT44> sorry i'm new what is his method
[11:09:11] <@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
[11:09:20] <+Sidhartha> check his website...
[11:09:22] <+Sidhartha> http://www.thestrategylab.com/
[11:17:09] <Twin> trying limit short 816.3
[11:19:43] <+Twin> stopped +.1 , rats
[11:20:36] <+JB> a method that I like is this one: www.emini-watch.com
[11:20:38] <+Twin> trying again 815.9
[11:20:41] <+JB> good ideas
[11:20:56] <+Twin> i think its going 813.7
[11:23:32] <+Twin> ive been trading TF for maybe 10 mkt days, limit orders are really hard, it gets going with momentum and goes deep into support (or resistance)
[11:25:43] <+Twin> so woodies methods which are all mkt orders are maybe wise?
[11:26:33] <@wrbtrader> Twin...you said "it goes DEEP into support/resistance".
[11:27:06] <@wrbtrader> If such is occurring more often than not...that implies you should be using different s/r levels.
[11:27:23] <+Twin> i put cover @ 813.9 and it just filled (I think, it wipped around so much I thought maybe it hit my stop)
[11:27:52] <+Twin> ya, it does, and I should, im trying to compensate
[11:28:39] <+Twin> see, though I got 15.9 right and 13.7 right as well, so im close, just have to adjust a little
[11:30:46] <+Twin> ive noticed if you have the volume@price vertical histogram (like market profile) up it helps a lot, the price action doesn't perfectly define the support and resist, its where the vol is
[11:31:53] <+Twin> DEEP meaning 1 pt usually (which with tight stops will kill you)
[11:35:18] <+Twin> trying limit short 814.8
[11:35:35] <+Twin> i think it will consolidate lower for several hrs from here
[11:41:06] <+Twin> its so nice to make pts on TF, there was a (sim) trading competition where you could trade 2ctrcts of each of ES,NQ,TF. I got the signals off ES and at the end of the day over half the profits came from TF.
[11:41:49] <@wrbtrader> Trading Competition...was the reward CASH ???
[11:42:06] <+Twin> it was a goofy thing , like a 'kindle'
[11:42:29] <+JB> which instrument do you prefer, ES, NQ or TF?
[11:42:35] <+Twin> they stopped it , apparently they didn't want to give away more kindles
[11:42:44] <@wrbtrader> :)
[11:43:26] <@wrbtrader> Well...if you ever hear about any "trading competition" for the Emini TF where the CASH REWARD is > $20,000
[11:43:31] <@wrbtrader> Please let me know :)
[11:43:42] <+Twin> i will
[11:46:30] <+Twin> hmm, i didn't think it would go so fast,
[11:46:51] <@wrbtrader> We got increasing volatility in Emini TF
[11:48:15] <+Twin> i put in lowball bid limit 808.8
[11:49:31] <+Twin> @JB , im new to TF, so not sure yet. I like the ones with clean signals, NQ is better than ES signalwise
[11:52:45] <+JB> ES has strong pullbacks
[11:52:50] <+JB> but I like the speed of ES
[11:53:36] <+Twin> i don't like ES , (a bunch of thugs ,in chicago pit that actively try to run your stops)
[11:53:58] <+JB> :)
[11:54:16] <+donaldT44> listen to Ben from tradersaudio he calls those thugs out all the time
[11:54:32] <+Twin> i am long ES now though :) for swing
[11:54:45] <+Twin> thx
[12:02:13] <+Twin> short 812.3
[12:04:05] <+Twin> trying to scratch it
[12:04:23] <+Twin> oops stopped -.6
[12:39:12] <@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
[13:16:43] <@wrbtrader> Just got back...
[13:17:03] <@wrbtrader> Hope someone has been going Long since 1150pm est
[13:21:03] <+Sidhartha> long but lacking patience!
[13:43:55] <@wrbtrader> Long Emini TF @ 818.20 -> small size
[13:44:01] <@wrbtrader> 1 contract
[13:44:25] <@wrbtrader> chasing...got my intervals mixed up
[13:49:29] <@wrbtrader> Exited Emini TF Long @ 818.30 --> + 0.1
[13:54:10] <@wrbtrader> Long Emini TF @ 818.30 -> small size
[13:54:16] <@wrbtrader> 1 contract
[13:54:34] <@wrbtrader> intuition in reaction to prior trade "pick pocketed".
[13:57:19] <@wrbtrader> Exited Emini TF Long @ 817.90 --> - 0.4
[14:05:40] <+Twin> i shorted TF 818.8, holding
[14:06:12] <@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
[14:06:13] <+Twin> 15.3, 14.3 ? cover tgt
[14:08:41] <+Twin> maybe 16.6
[14:08:55] <@wrbtrader> Long Emini TF @ 817.10 -> small size
[14:08:59] <@wrbtrader> 2 contracts
[14:09:06] <@wrbtrader> volatility increasing
[14:09:55] <+Twin> i think its goigin 16.6 again
[14:10:15] <@wrbtrader> spike down in Oil
[14:10:33] <+Twin> its not doing what the pattern says it should do,
[14:10:45] <+Twin> stopped out +.1
[14:12:09] <+Twin> that was news?
[14:12:29] <+Twin> hate it, news should be banned
[14:12:34] <+Twin> :)
[14:16:03] <+Twin> wrbtrader u did amazing
[14:18:33] <@wrbtrader> only one big winner today...everything else has not been much (up or down).
[14:18:45] <@wrbtrader> Hopefully the current open position turns into a big winner.
[14:18:50] <+Twin> thats enough
[14:19:06] <@wrbtrader> Yeah...one big winner per day adds up fast.
[14:21:21] <@wrbtrader> tighten trail
[14:21:28] <@wrbtrader> @ profit
[14:24:11] <+Sidhartha> The weekends beginning here in London! Goodnight all. Have a good weekend.
[14:24:49] <+codehead> cya
[14:30:23] <@wrbtrader> Exited all Emini TF Long @ 817.30 --> + 0.2
[15:36:13] <@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
[15:39:08] <@wrbtrader> Long Emini TF @ 819.30 -> small size
[15:39:16] <@wrbtrader> 2 contracts
[15:53:11] <@wrbtrader> Exited all Emini TF Long @ 819.50 --> + 0.2
[15:53:31] <@wrbtrader> geeesh :(
[15:56:59] <@wrbtrader> My last 4 trades were "pick pocketed"...
[15:57:14] <@wrbtrader> Takes my stop and suddenly moved back higher :(
[16:00:32] <@wrbtrader> Take care everybody and have a good weekend
[16:00:39] * wrbtrader is now known as wrbtrader_away
[16:26:50] <+codehead> cya
[16:37:12] <+Twin> GN
[17:06:13] <@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: Fri Feb 25 17:21:44 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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