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 Post subject: April 27th Wednesday - Futures, ETFs and Forex Currencies
 Post Posted: Wed Apr 27, 2011 4:44 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:
042711-Key-Price-Action-Markets.png
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click on the above image to view today's price action of key markets

Session Start: Wed Apr 27 07:24:46 2011
Session Ident: #FuturesTrades
[07:24:46] * Now talking in #FuturesTrades
[07:24:46] <@X> [NihabaAshi] chat room archives @ viewforum.php?f=20
[08:50:35] <@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
[09:05:32] <pat255> gm
[09:27:22] <drt> gm all
[09:28:53] <AndyES> gm drt, all
[09:34:52] <Trendtrader> Shorts TF @ 851.8 «« simulator »»
[09:39:22] <+Trendtrader> Covered 1/2 TF Short @ 850.8 --> + 1 «« simulator »»
[09:40:08] <+Trendtrader> Covered Remainder TF Short @ 851.4 --> + 0.4 «« simulator »»
[09:42:07] <@wrbtrader> Reminder - U.S. FED FOMC Announcement today @ 1230pm est
[09:43:02] <@wrbtrader> There's also a FED Chairman press conference at 2:15pm est which was the normal FOMC Announcement time.
[09:43:12] <+pat255> y ty
[09:43:25] <@wrbtrader> Thus, don't act surprise if you see another volatility price reaction around 2:15pm est
[09:46:42] <@wrbtrader> Long Emini TF @ 851.00 -> small size
[09:46:48] <@wrbtrader> 3 contracts
[09:48:51] <@wrbtrader> President Obama giveing a special report that's being covered by major TV networds...
[09:49:28] <+pat255> L nq 2400
[09:50:29] <@wrbtrader> He released his "birth certificate" due to a few Republican's making his birth certificate the dominating news story instead of discussing real issues :)
[09:51:22] <+pat255> so true
[09:52:36] <+AndyES> I guess there goes the Donald's campaign down the toilet
[09:53:16] <@wrbtrader> Tomorrow's discussion..."I want to see his college transcripts" :)
[09:53:28] <+pat255> lol
[09:54:52] <Hoff> how about a complete genetic work up, he might be from mars
[09:58:12] <@wrbtrader> So far...a tyical a.m. trading session with a pending FOMC Announcement
[09:59:22] <@wrbtrader> Exited all Emini TF Long @ 852.10 --> + 1.1
[10:00:24] <@wrbtrader> Shorts Emini TF @ 851.30 -> small size
[10:04:54] <+pat255> out -1 nq late post
[10:06:30] <@wrbtrader> Covered all Emini TF Short @ 849.20 --> + 2.1
[10:06:49] <+pat255> vn N
[10:20:35] <@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
[10:26:51] <@wrbtrader> Long Emini TF @ 849.50 -> small size
[10:26:56] <@wrbtrader> 1 contract
[10:30:06] <@wrbtrader> Exited Emini TF Long @ 848.90 --> - 0.6
[10:40:53] <@wrbtrader> Long Emini TF @ 849.20 -> small size
[10:41:05] <@wrbtrader> 3 contracts
[10:46:53] <@wrbtrader> Exited 2/3 Emini TF Long @ 849.90 --> + 0.7
[10:47:24] <+pat255> geez cjarts again ;(
[10:47:39] <@wrbtrader> early exit because of FEAR
[10:48:54] <@wrbtrader> still reached a WRB pt1 but my goal was a WRB pt2
[10:51:45] <@wrbtrader> Exited Remainder Emini TF Long @ 849.40 --> + 0.2
[10:55:02] <+AndyES> Long TF @ 848.6 «« scalp »»
[10:57:09] <+AndyES> Exited all TF Long @ 848.7 --> + 0.1 «« scalp »»
[11:01:26] <@wrbtrader> Traders use to go on a nice lunch break like a "last meal" prior to a 2:15pm FOMC Announcement...
[11:01:50] <@wrbtrader> Now we have to endure the chaos on an empty stomach @ 1230pm est :)
[11:11:57] <+pat255> why the change ...
[11:12:03] <+pat255> very unusua;
[11:20:14] <werner> hi all
[11:20:32] <+werner> bbl
[11:21:44] <+Hoff> have a nice trip
[11:31:42] <@wrbtrader> FYI - I see several new faces in here.
[11:32:21] <sambeano> guilty haven't been here for a year!
[11:32:48] <@wrbtrader> Therefore, you need to know that the chat archives are stored @ viewforum.php?f=20
[11:33:15] <@wrbtrader> The FTCHAT Support Forum helps manage #FuturesTrades chat room "registered members".
[11:33:57] <@wrbtrader> Registration gives you access to the colorful "trade post script" and access to the password whenever the chat room becomes password protected.
[11:34:16] <@wrbtrader> Welcome back sambeano :)
[11:34:36] <+sambeano> Greets wrbtrader
[11:34:54] <@wrbtrader> #FuturesTrades purpose is stated @ viewtopic.php?f=5&t=36
[11:47:36] <@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
[12:25:18] <@wrbtrader> volatility contraction the past 20 mins going into the 1230pm est FED FOMC announcement
[12:30:28] <Sidhartha> what's the delay...?
[12:30:33] <Time4now> i dont have a news source handy
[12:30:45] <+Time4now> so any posts are appreciated
[12:30:45] <+Sidhartha> 12:30 gone and nothing
[12:31:21] <@wrbtrader> don't blink :)
[12:31:48] <@wrbtrader> "no change"
[12:31:49] <+Sidhartha> no change
[12:32:35] <@wrbtrader> BUY BUY BUY Everything !!!
[12:32:37] <@wrbtrader> :)
[12:32:43] <@wrbtrader> just joking
[12:32:48] <+Time4now> wowzer
[12:33:31] <@wrbtrader> Long Emini TF @ 851.00 -> small size
[12:33:40] <@wrbtrader> 2 contracts
[12:34:43] <@wrbtrader> Exited all Emini TF Long @ 850.20 --> - 0.8
[12:36:06] <@wrbtrader> Long Emini TF @ 850.20 -> small size
[12:36:09] <+Time4now> short small 850.5
[12:36:13] <@wrbtrader> 3 contracts
[12:36:38] <+Time4now> out 851.5
[12:36:53] <+Time4now> well that wasnt fun
[12:37:52] <+Time4now> long small 850.8
[12:38:48] <@wrbtrader> Exited 2/3 Emini TF Long @ 852.00 --> + 1.8
[12:41:57] <+Time4now> exit 851.8
[12:42:22] <@wrbtrader> Treasury Yields spiked upwards sharply but have not retraced into a price decline in comparison to the price prior to the FOMC announcement
[12:43:04] <@wrbtrader> Simply, treasury futures ZN and ZB price action moving higher
[12:46:10] <@wrbtrader> FOMC announcements have lost their volatility in comparison to FOMC announcements prior to 2008
[12:46:21] <+pat255> N How do u take treasury futs into your setups if any/
[12:46:29] <@wrbtrader> I don't
[12:46:48] <+pat255> l
[12:46:50] <+pat255> k
[12:55:41] <@wrbtrader> higher lows along with contracting volatility
[13:00:40] <@wrbtrader> weak resistance develop...watching closely to see if more sellers show up
[13:11:02] <@wrbtrader> Reminder - There's a FED Chairman 2:15pm est conference
[13:17:36] <@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
[13:30:44] <@wrbtrader> Exited Remainder Emini TF Long @ 851.00 --> + 0.8
[13:30:48] <@wrbtrader> :(
[13:31:56] <@wrbtrader> type error
[13:32:07] <@wrbtrader> Exited Remainder Emini TF Long @ 851.20 --> + 1
[13:32:21] <@wrbtrader> 851.00 was my trailing stop adjustment
[13:33:02] <@wrbtrader> by the way...higher lows still intact
[13:41:49] <@wrbtrader> Long Emini TF @ 850.00 -> small size
[13:41:55] <@wrbtrader> 2 contracts
[13:42:07] <@wrbtrader> ooops
[13:42:19] <@wrbtrader> Long Emini TF @ 852.00 -> small size
[13:42:47] <@wrbtrader> intuition trade
[14:01:11] <@wrbtrader> Exited 1/2 Emini TF Long @ 853.50 --> + 1.5
[14:01:56] <codehead> nice
[14:13:01] <@wrbtrader> Exited Remainder Emini TF Long @ 852.30 --> + 0.3
[14:13:09] <@wrbtrader> :(
[14:27:51] <+werner> Shorts NQ @ 2398.00
[14:31:51] <+werner> Covered all NQ Short @ 2399.00 --> - 1
[14:44:04] <+Time4now> short med 851.9
[14:44:37] <@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
[14:44:53] <+Time4now> exit half 851.4
[14:45:22] <+Time4now> exit rem 851.9
[15:04:39] <Time4now2> i guess shorts may have been high risk
[15:07:33] <+werner> Shorts NQ @ 2406.00
[15:13:23] * Alan short EURUSD 1.4750
[15:15:09] <ajax-Soc> nq pb here
[15:15:20] <+ajax-Soc> wo werner
[15:15:58] <+werner> lets see :)
[15:17:28] <+werner> Covered all NQ Short @ 2406.50 --> - 0.5
[15:18:37] <+ajax-Soc> werner....fyi....ur correct.....the vol/share bar charts are a little betta than tick charts....doing side by side comaprison all week of vol/share(144tk), vs 89tk (it's equal)....the vol/share is either the same look or is 1-2 bars sooner, & prints at times 1-4 more bars in transition areas that the tick chart does not, tho shows same turn but less bars= vol/share gives betta entry look
[15:18:37] <+ajax-Soc> & mgm look too!.....good call...thx!! :))
[15:19:07] <+ajax-Soc> yup the vol/share 144tk showed this pb reral well :))
[15:20:30] <+ajax-Soc> have my charts layered....vol/share 144/233/377tk's....so can see the ripple effect over stepped up Fib time frames= when they all in sync= a go for trade....got that idea from a retired ES pit trader
[15:21:33] <+ajax-Soc> why I did not go for that short, as the 233/377 were still way above zl on thier MACD's, so new it would be a short move, as the 144 was only one thaqt crosses
[15:21:48] <+ajax-Soc> anyway....what am looking at fwiw
[15:23:07] <+ajax-Soc> L2406.25, +1, +1.5out
[15:25:31] <+werner> nice
[15:27:28] <+ajax-Soc> :)
[15:28:56] <+ajax-Soc> werner, have u tried loading an "Ichimoku CLoud" behind Price??.....is killer for seeing tuurns on any time frame.... :))
[15:31:02] <+ajax-Soc> L2408, +.5, +1
[15:31:13] <+ajax-Soc> +1out
[15:31:13] * +Alan add short EURUSD 4775
[15:33:22] <+ajax-Soc> program time in 6min
[15:33:55] <+werner> thnx ajax
[15:34:16] <+ajax-Soc> yw
[15:34:53] <+Sidhartha> I guess the overall take away from today is 1. rates stay low for a good while longer 2. inflation is not an issue
[15:34:59] <+ajax-Soc> is free download on most platorm systems.....if not can get free @ TradersLaboratory.com
[15:35:29] <+ajax-Soc> ----< 5 minutes before KEY TIME ZONE REVERSAL/MOC TIME 15:40 to 15:45 >----
[15:36:15] * +Alan short TF 856.3 s/e 856.6
[15:36:16] <+ajax-Soc> ya Sid ....just morre smog & mirrors & lies... :((
[15:36:26] <+ajax-Soc> smock
[15:37:04] <+ajax-Soc> pb here wo
[15:38:19] <+ajax-Soc> smoke...geez fingers & brain
[15:39:12] * +Alan s/e 856.6
[15:54:10] <+werner> Shorts NQ @ 2410.50
[15:55:23] <+ajax-Soc> ss2411.25, +1,+1.5 runr in
[15:56:20] <@wrbtrader> 4pm est rush hour traffic approaching
[15:56:39] <+ajax-Soc> +3.5out
[15:56:40] <+werner> Covered all NQ Short @ 2407.25 --> + 3.25
[15:56:44] <+ajax-Soc> gg
[15:57:18] <+werner> Covered all NQ Short @ 2407.75 --> + 2.75
[15:57:28] <+werner> sorry
[15:58:49] <@wrbtrader> Long Emini TF @ 856.30 -> small size
[15:58:55] <@wrbtrader> 1 contract
[15:59:08] <@wrbtrader> intution...not a trade I normally take
[16:01:10] <+ajax-Soc> L2409.75, +.5, +1
[16:02:38] <+ajax-Soc> +.75out
[16:03:49] <@wrbtrader> Exited Emini TF Long @ 856.70 --> + 0.4
[16:04:23] <@wrbtrader> I thought the volatility spike would hold the price up long enough for me to market out...it didn't :(
[16:06:13] <+ajax-Soc> :(
[16:08:14] <+ajax-Soc> ss2409.5, +.5allout
[16:13:31] <+werner> gn all
[16:14:37] <@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
[16:40:00] <Time4now> gn all
[17:39:23] <@wrbtrader> Take care all and see all tomorrow
[17:39:29] * wrbtrader is now known as wrbtrader_away
[17:41:38] <@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

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

#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 UsdCad

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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