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 Post subject: April 5th Tuesday - Futures, ETFs and Forex Currencies
 Post Posted: Tue Apr 05, 2011 3:52 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: Tue Apr 05 08:13:33 2011
Session Ident: #FuturesTrades
[08:13:33] * Now talking in #FuturesTrades
[08:13:33] <@X> [NihabaAshi] chat room archives @ viewforum.php?f=20
[08:33:43] <@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
[09:13:01] <@wrbtrader> Good morning all
[09:27:41] <T_182> GM
[09:28:39] <drt> gm
[09:34:15] <Trendtrader> Shorts TF @ 846.7 «« simulator »»
[09:39:23] <+Trendtrader> Covered 1/2 TF Short @ 846.2 --> + 0.5 «« simulator »»
[09:40:24] <@wrbtrader> Shorts Emini TF @ 846.00 -> large size
[09:42:10] <+Trendtrader> Covered Remainder TF Short @ 844.6 --> + 2.1 «« simulator »»
[09:44:07] <pat255> gm all geez data problems ..damn IB cut off the feed
[09:46:31] <@wrbtrader> Covered all Emini TF Short @ 845.80 --> + 0.2
[09:56:05] <+pat255> anyone using IB data feed Do u run charts on the same machine where u have the TWS? or run on seprate machine ty
[09:57:46] <@wrbtrader> Pat...I don't use IB but I recently had an interesting conversation with my tax accountant about IB...
[09:58:10] <@wrbtrader> He has another trading client that uses IB and his client got "audited".
[09:58:29] <+pat255> hmmm good/bad of IB? they took away my feed and now asking me to open another account
[09:58:42] <@wrbtrader> One of the issues raised in the audit involved the purchase of "multiple" computers for trading purposes.
[09:58:59] <@wrbtrader> Apparently the auditor had concerns
[09:59:12] <@wrbtrader> thinking "we" don't need multiple computers :)
[09:59:25] <@wrbtrader> Thus, the other computers must be for personal use :)
[09:59:29] <inertia> but how is that related to IB?
[09:59:44] <@wrbtrader> Please don't interrupt...I'm still talking...thanks...
[09:59:45] <+inertia> NEWS TIME
[10:00:36] <@wrbtrader> Anyways, the reason why this guy had multiple computers was BECAUSE he continue having problems with ONE computer while having IB and Charting on the same computer.
[10:00:43] <@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
[10:00:48] <@wrbtrader> Thus, he had to put them on "seperate" computers.
[10:01:20] <@wrbtrader> As soon as he started doing that, he stopped having "data feed" problems with IB.
[10:02:26] <@wrbtrader> I myself had the exact same problem with one of my brokers.
[10:03:00] <@wrbtrader> I got tired of trying to fix or determine the problem and noticed there was not a problem when I had them on seperate systems.
[10:03:31] <+inertia> There is an issue with the paper trading feed and the REAL feed . apparently the FTC does not want the same user to be on 2 computers so the work around this is to register a new user name for the same account and this solves the problem
[10:04:36] <@wrbtrader> Ever since...I keep my primary trade broker account seperate from other data feeds or secondary broker platforms (backup platforms)
[10:05:20] <werner> gm all
[10:05:23] <+pat255> inertia that is true ..but what a pain to go thru all this .
[10:05:39] <@wrbtrader> Someone in here has the same problems as you pat255...
[10:05:41] <+inertia> it is very easy to set up a new user in IB
[10:05:51] <@wrbtrader> He talked in detailed about how to work around it.
[10:05:59] <+pat255> L 845 TF papaer
[10:06:17] <@wrbtrader> check the logs back in 2007 in the fall
[10:06:18] <+inertia> gm werner
[10:06:41] <@wrbtrader> However, he wasn't on sim account
[10:06:42] <+werner> gm inertia
[10:08:51] <@wrbtrader> pat255...how active is your trading with IB versus your sim account with IB ?
[10:10:00] <@wrbtrader> You running any other 3rd party software using IB feed?
[10:10:12] <+pat255> very much ..I am trying to go back to sim for now ..due to some reflection on my trades and plus right now I have few charts because of IB change
[10:10:44] <+pat255> yes I was IB feed for Ensign charts
[10:11:02] <+pat255> but now no IB feed as I have ensign on other machine
[10:11:19] <@wrbtrader> Ok...you just answered my next question :)
[10:11:38] <+pat255> these jokers oh my ..so now running on same machine - so few charts
[10:12:00] <@wrbtrader> involving use of "another computer".
[10:12:14] <+pat255> yes
[10:13:03] <@wrbtrader> If you value IB and you need to use "multiple" computers to trade or to prevent trading problems...real money or simulator...
[10:13:21] <@wrbtrader> It's ALL deductible :)
[10:13:49] <+pat255> yes wrbtrader but I first I need to make some $$ else IRS will be on my tail .
[10:13:55] <+pat255> thatis the last thing i want
[10:14:08] <Sidhartha> Solution....
[10:14:15] <+Sidhartha> Don't use IB as your data feed
[10:14:19] <+Sidhartha> I don't
[10:14:26] <+Sidhartha> I trade through them... it's rock solid
[10:14:48] <+Sidhartha> however, I would never use IB data for charting... it's simply not a good enough feed
[10:15:07] <+Sidhartha> so I use IQ feed data to chart through AmiBroker on the same machine
[10:15:10] <+Sidhartha> again, rock solid
[10:15:11] <+pat255> what feed do u use Sid?
[10:16:03] <@wrbtrader> One thing I've learned is that in some cases...the type of operating system we use has an impact on the performance of our trading platforms
[10:16:15] <+Sidhartha> true
[10:16:23] <+pat255> all out TF
[10:16:33] <+pat255> papaer trade :(
[10:16:35] <+Sidhartha> I found Vista very flakey... I think Windows 7 is much more solid
[10:16:48] <@wrbtrader> Windows 2000 Pro versus Vista versus Windows 7 et cetera
[10:17:19] <@wrbtrader> I have all the above and see different problems within my broker platforms
[10:17:24] <+pat255> Win 7 is rock solid ...
[10:20:37] <@wrbtrader> Some traders on twitter were calling today to be a "expansion day" after the recent "contraction"
[10:21:04] <@wrbtrader> currently...still within that tight trading range of the past few days
[10:24:07] <@wrbtrader> Emini TF nearing the top of its trading range
[10:27:35] <@wrbtrader> Emini TF above the range now
[10:28:37] <+werner> mist this run....grrr ..bbl
[10:33:35] <@wrbtrader> Emini TF reached a key price area
[10:40:08] <@wrbtrader> Shorts Emini TF @ 850.80 -> medium size
[10:40:16] <@wrbtrader> 4 contracts
[10:41:45] <+pat255> vn N
[10:42:03] <@wrbtrader> I'm not out of the woods
[10:43:01] <@wrbtrader> still recovering from the prior trade that had a nice profit and then suddenly retraced against me to take me out for only a few ticks
[10:45:22] <@wrbtrader> Covered all Emini TF Short @ 850.60 --> + 0.2
[10:47:13] <@wrbtrader> won't complain just as long as it stays above (out of) that tight trading range it went through for a few trading days
[11:09:06] <@wrbtrader> break out of one range and it starts a new one :(
[11:09:50] <@wrbtrader> Gold GC and Light Crude Oil CL futures still doing good since 1010am est
[11:30:44] <@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
[11:57:23] <@wrbtrader> Anybody have this happen to them while trading Emini ES with any brokers @ http://www.elitetrader.com/vb/showthrea ... did=218132
[12:15:27] <codehead> Russell around all time high
[12:26:16] <+Sidhartha> No... because when my stop limit is triggered it actually simply becomes a limit order
[12:28:58] <+codehead> years ago in the wild dot com days, i had a stock gap up big
[12:29:16] <+codehead> i had read that market orders go the fastest, so instead of my usual limit order, i did a market sell
[12:29:37] <+codehead> nothing seemed ot happen, but i thought maybe slow reporting
[12:29:48] <+codehead> 20 mins later i cancelled and put in limit order, got the exit
[12:30:04] <+codehead> i was up maybe $6k to start, and by the time i put in the limit, maybe 2k
[12:30:07] <+codehead> lost out on 4k
[12:30:11] <+codehead> called them
[12:30:26] <+codehead> they kept telling em the reason was, "there were no buyers at you price"
[12:30:42] <+codehead> i said it was a market order, and the sotck was trading like crazy
[12:30:55] <+codehead> they kept repeating there was no buyer at my price, i gave up :-/
[12:31:00] <+codehead> really annoying
[12:31:20] <+codehead> the fact is, they had a problem with their market order execution, and didn't want to cop to it
[12:31:50] <+codehead> i found out later that market orders were routed differently
[12:32:14] <+codehead> and i did see a notice afterwards that they had a problem with market order routing
[12:32:28] <+codehead> but still they wouldn't do anything for me
[12:32:42] <+codehead> so, it's possible a broker could have problems with market order, and not limit
[12:33:20] <+codehead> in the old days, no doubt that market makers held onto market orders for their benefit
[12:36:09] <@wrbtrader> Yep...I remember back in the mid 90's doing market orders that got filled 15 secs to 30 secs later :(
[12:39:02] <+codehead> yeah, the messed up thing on that one trade, i had never used a market order before, always limit, but rememebered reading that market orders executed faster lol
[12:39:56] <+codehead> hm, i remember having some issues with market orders recently (past year)
[12:39:56] <+codehead> \
[12:40:22] <+codehead> but i think it might have been a configuration problem, where the bracket went in wrong or something
[12:40:35] <+codehead> but the result was similar to what that post said
[12:40:45] <+codehead> i'd have the stop trigger, and it would just sit there
[12:40:56] <+codehead> apparently
[12:41:47] <+werner> Shorts NQ @ 2336.25
[12:45:38] <+werner> Covered all NQ Short @ 2337.50 --> - 1.25
[12:55:44] <+T_182> Long EuroFX 6E @ 1.4205
[12:55:59] <+werner> Long NQ @ 2338.00
[12:56:21] <+T_182> Exited all EuroFX 6E Long @ 1.4205 --> 0
[12:59:48] <+werner> Exited all NQ Long @ 2338.00 --> 0
[13:00:44] <@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
[13:08:07] <+werner> Long NQ @ 2338.50
[13:13:54] <+werner> Exited all NQ Long @ 2338.75 --> + 0.25
[13:14:36] <+werner> ... fed days
[13:15:48] <+werner> Shorts NQ @ 2337.75
[13:21:53] <+werner> brb ..stops are in
[13:26:04] <+werner> Covered all NQ Short @ 2338.50 --> - 0.75
[13:32:53] <+werner> Long NQ @ 2338.75
[13:47:04] <+werner> Exited all NQ Long @ 2337.75 --> - 1
[13:50:18] <+werner> Shorts NQ @ 2336.75
[14:03:01] <+werner> Covered NQ Short @ 2338.25 --> - 1.5
[14:03:01] <+werner> Reverse and Enter Long NQ @ 2338.25
[14:04:43] <+werner> Exited all NQ Long @ 2336.75 --> - 1.5
[14:05:11] <+werner> pfff
[14:21:25] <+werner> Shorts NQ @ 2333.75
[14:21:30] <+werner> last trade
[14:27:45] <@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
[14:33:57] <+werner> Shorts NQ @ 2333.00 -> Add
[14:40:48] <+werner> Covered 1/2 NQ Short @ 2328.00 --> + 5
[14:41:25] <+werner> Covered all NQ Short @ 2329.00 --> + 4.75
[14:42:11] <+werner> pff ..gn all
[15:08:05] <@wrbtrader> Just got back in time for trading in the 3pm - 4pm est trading session
[15:24:41] <ajax-Soc> L2322, +1, +2, runr in
[15:26:29] <+ajax-Soc> +3.25out
[15:27:19] <+ajax-Soc> werenr...gg on the above... :))
[15:31:24] <+ajax-Soc> ss2324, +.5, +1out
[15:41:22] * Retrieving #FuturesTrades modes...
[15:57:45] <@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
[15:58:08] <@wrbtrader> Next up the 4pm est rush hour traffic
[15:59:33] <+ajax-Soc> L2323.75, +1, +1.5, runr in
[16:00:06] <+ajax-Soc> +1out
[16:00:20] <+codehead> nice ajax
[16:00:42] <+codehead> you like to play in traffic ;-)
[16:02:36] <+ajax-Soc> loll...yupper :))
[16:02:51] <+ajax-Soc> follow da volume :)
[16:03:29] <+ajax-Soc> I wait for it on the corners.....found the "Ichimoku Cloud" as amazing in seeig the corners, fyi
[16:04:42] <+ajax-Soc> codehead....how did the interview go?
[16:06:53] <+codehead> i need to check out that cloud more closely, haven't had time to really track it
[16:11:39] <+codehead> s&p closed dead flat
[16:11:52] <@wrbtrader> ajax, codehead, falcon, Sidthartha, Trendtrader and werner for the participation today...appreciated.
[16:12:25] <+codehead> :-) i should be participating more with trade posts soon
[16:12:33] <+ajax-Soc> gn all
[16:12:38] <+codehead> gn
[16:13:43] <+ajax-Soc> yw wrb ... :)
[16:15:04] <@wrbtrader> Price action commentaries are OK if you think posting trades is a distraction
[16:48:42] <@wrbtrader> Take care all and see all tomorrow
[16:49:00] * wrbtrader is now known as wrbtrader_away

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

#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/wide range bar 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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