##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: Mon Apr 18 08:17:35 2011
Session Ident: #FuturesTrades
[08:17:35] * Now talking in #FuturesTrades
[08:17:35] <@X> [NihabaAshi] chat room archives @ viewforum.php?f=20
[08:18:14] <@wrbtrader> Good morning all
[08:18:40] <@wrbtrader> There's a little more volatility prior to the U.S. 0930am est opening...
[08:19:01] <@wrbtrader> I decided to log in early before most show up
[08:47:32] <wiseguy7600>
[09:17:09] <T_182> well that was quite the news item, moving the 6E 82 ticks, wow.
[09:19:09] <@wrbtrader> Yes...some unusual volatility this morning so far
[09:19:17] <@wrbtrader> [08:18:14] <@wrbtrader> Good morning all
[09:19:17] <@wrbtrader> [08:18:40] <@wrbtrader> There's a little more volatility prior to the U.S. 0930am est opening...
[09:19:17] <@wrbtrader> [08:19:01] <@wrbtrader> I decided to log in early before most show up
[09:20:03] <Sidhartha> S&P turned negative on the US debt outlook
[09:28:15] <drt>
[09:30:57] <Trendtrader> Shorts TF @ 819.4 «« simulator »»
[09:31:28] <+Trendtrader> Covered 1/2 TF Short @ 818.4 --> + 1 «« simulator »»
[09:31:43] <+Trendtrader> way too fast
[09:32:02] <+Trendtrader> Covered Remainder TF Short @ 819.1 --> + 0.3 «« simulator »»
[09:32:20] <+Sidhartha> could be a strange week. light volumes due to holiday week...
[09:33:17] <@wrbtrader> Yeah...starting the week with major key markets all showing expanding volatility...can be intimidating for most
[09:33:30] <+Trendtrader> Shorts TF @ 818.5 «« simulator »»
[09:33:49] <+Trendtrader> Covered 1/2 TF Short @ 817.5 --> + 1 «« simulator »»
[09:33:57] <@wrbtrader> What happens is that folks run to Gold futures
[09:34:15] <+Trendtrader> exit stop moved to breakeven TF @ 818.3 «« simulator »»
[09:34:24] <+Sidhartha> not surprising... death of the US dollar story resurfaces...
[09:34:52] <+Sidhartha> not much obvious to act as support right now
[09:36:12] <+Trendtrader> Covered Remainder TF Short @ 817.8 --> + 0.7 «« simulator »»
[09:36:21] <+Sidhartha> catch a falling knife terriotory
[09:36:31] <+Sidhartha> territory
[09:37:50] <@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
[09:45:36] <@wrbtrader> Long Emini TF @ 819.20 -> large size
[09:46:59] <@wrbtrader> Weird, big U.S. Debt news on the big tax day deadline of U.S. citizens.
[09:47:22] <@wrbtrader> or wast that Friday the tax deadline
[09:47:24] <@wrbtrader>
[09:50:01] <@wrbtrader> Tax deadline is today but the IRS saids its on April 15th unless the 15th lands on the weekend
[09:50:22] <@wrbtrader> Anyways...it's today
[09:51:33] <@wrbtrader> Exited all Emini TF Long @ 819.70 --> + 0.5
[09:52:22] <@wrbtrader> volatility contraction now showing up
[09:58:09] <@wrbtrader> FYI - 10am est Housing Market Index
[10:07:05] <@wrbtrader> no signal on that rollover south again
[10:17:37] <@wrbtrader> Gold GC futures been retracing since 0940am est
[10:39:49] <@wrbtrader> more volatility contraction
[10:39:57] <@wrbtrader> keeps me on the sideline
[10:47:14] <+T_182> hate miss this stuff
[10:47:18] <+T_182> hate to miss
[11:07:50] <@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
[11:11:54] <@wrbtrader> Long Emini TF @ 815.80 -> small size
[11:11:58] <@wrbtrader> 2 contracts
[11:23:13] <@wrbtrader> Exited all Emini TF Long @ 817.00 --> + 1.2
[11:24:01] <Time4now> long small 817
[11:24:27] <@wrbtrader> Not much to bite on and not much worthwhile holding on too long.
[11:24:47] <@wrbtrader> Simply, as soon as I get a WRB pt1 level...I'm out
[11:29:45] <+Time4now> stuck in low vol again
[11:30:39] <+Time4now> exit 816.5
[11:33:36] <+Time4now> long small 816.8
[11:34:05] <+Time4now> exit 816.3
[11:38:29] <@wrbtrader> I see a lot of traders calling the breakdown in the Forex EurUsd or EuroFx 6E futures as a "false breakdown" without any explanation about what that means
[11:47:49] <+Time4now> short small 816.7
[11:48:49] <+Time4now> exit 816.6
[11:54:47] <+Time4now> tough luck this morning
[12:34:51] <@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
[13:02:30] <+Time4now> short small 815
[13:05:02] <codehead> interesting--been in several irc room for 50 minutes, first post i've seen
[13:05:17] <+codehead> guess there's not much to say
[13:08:00] <+Time4now> exit 814.9
[13:08:27] <+Time4now> i've got nothing
[13:10:54] <+Time4now> havent made it to a pt1 all morning
[14:04:51] <@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
[15:34:39] <ajax-Soc> [12:35] <indy> ----< 5 minutes before KEY TIME ZONE REVERSAL/MOC TIME 15:40 to 15:45 >----
[15:34:52] <@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
[15:34:52] <+codehead> NQ got within 3 ticks of .618 bounce
[15:36:16] <+codehead> did make up .618 from fri close tho
[15:37:43] <+ajax-Soc> ss2285.25, +1, +2,+1out
[15:38:02] <+codehead> 2289.50 was also previous recent low
[15:38:10] <+codehead> so was counting on a test there
[15:41:43] <+ajax-Soc> nq S4 hewre
[15:42:38] <+ajax-Soc> S4 on es too
[15:45:59] <+ajax-Soc> L2283, +.5, +1 out
[15:56:45] <@wrbtrader> Long Emini TF @ 820.20 -> small size
[15:56:51] <@wrbtrader> 2 contracts
[15:56:54] <@wrbtrader> intuition
[16:02:32] <@wrbtrader> Exited all Emini TF Long @ 820.80 --> + 0.6
[16:02:58] <@wrbtrader> not much to bite on after the big volatility spike prior to 0930am est
[16:03:30] <@wrbtrader> only one missed trade opportunity today for me and that itself would have yielded very little
[16:03:42] <@wrbtrader> Other than that...spent most of the day on the sidelines
[16:04:06] <@wrbtrader> Also, due to the shorten week for Good Friday holiday...
[16:04:27] <@wrbtrader> I'm expecting a trend day Tues, Weds or Thurs on increasing volatility
[16:04:32] <+ajax-Soc> sometimes that is ok.... ) ....was a good day here....werners volume/share bar charts did very well today...
[16:05:48] <+ajax-Soc> backtested them over weekend, & they are more accurate than the tick charts by 1-3 bars faster in turns.... )
[16:10:31] <+ajax-Soc> gn all gotta run
[17:01:52] <@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: Mon Apr 18 18:49:57 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 UsdCad

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/wide range bar 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)
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