##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: Fri May 13 08:32:58 2011
Session Ident: #FuturesTrades
[08:32:58] * Now talking in #FuturesTrades
[08:32:59] <@X> [NihabaAshi] chat room archives @ viewforum.php?f=20
[08:52:54] <@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
[09:14:42] <Sambeano>
[09:28:38] <pat255> all
[09:29:00] <drt>
[09:35:01] <+Sambeano> short TF 846.1 5 cont
[09:36:47] <+Sambeano> out 845 +.9
[09:36:53] <+pat255> vn
[09:38:20] <+Sambeano> corr +1.1
[09:40:51] <+Sambeano> NQ broke support, ES, YM close
[09:42:05] <+Sambeano> TF breaking dwn??
[09:43:42] <Sidhartha> trying. others holding it up for now
[09:46:12] <+pat255> er v jumpy
[09:46:18] <+pat255> tf
[09:46:35] <+Sambeano> YM leads dwn
[09:46:53] <@wrbtrader> The big move already started around 0830am est
[09:47:03] <+Sambeano> stops
[09:49:06] <+Sidhartha> lots of shadows
[09:49:40] <+Sidhartha> tough to hold trades
[09:50:08] <+Sidhartha> consumer sentiment 5 mins
[09:56:42] <@wrbtrader> Long Emini TF @ 845.90 -> large size
[09:56:52] <@wrbtrader> 6 contracts
[09:57:31] <@wrbtrader>
[09:58:38] <@wrbtrader> Exited all Emini TF Long @ 845.20 --> - 0.7
[09:59:05] <@wrbtrader> forgot about the 0955am est key market evernt time
[10:02:51] <+Sambeano> short TF 842.3 5C
[10:04:17] <+Sambeano> out 841.6 +.7
[10:04:25] <+pat255> vn
[10:04:29] <+pat255> gutsy
[10:04:56] <@wrbtrader> Shorts Emini TF @ 841.60 -> large size
[10:05:03] <@wrbtrader> intuition
[10:05:06] <@wrbtrader> support break
[10:06:31] <+Sambeano> Pat tnx...but if I was gutsy I would still be in it, playin it real tight today
[10:06:59] <+pat255> TF v jumpy ..better to take what it gives
[10:09:17] <@wrbtrader> Covered 1/3 Emini TF Short @ 839.50 --> + 2.1
[10:09:21] <+Sambeano> see I took real nice short setup, at right time, but out to early.....
[10:09:27] <+pat255> vn
[10:09:30] <+pat255> y
[10:09:48] <+Sambeano> wrbtrader doin it right
[10:10:50] <@wrbtrader> another weak support area now
[10:10:55] <@wrbtrader> watching closely
[10:14:09] <@wrbtrader> Covered Remainder Emini TF Short @ 840.90 --> + 0.7
[10:15:41] <@wrbtrader> Long Emini TF @ 842.00 -> medium size
[10:15:47] <@wrbtrader> 4 contracts
[10:17:14] <@wrbtrader> I saw that one coming a mile away around 840.50 but still didn't get Long until 842.00
[10:17:16] <@wrbtrader>
[10:17:46] <+pat255> i see it now ... always late
[10:18:06] <@wrbtrader> Exited all Emini TF Long @ 843.00 --> + 1
[10:18:13] <+Sambeano> saw it but didn't act
[10:18:32] <@wrbtrader> it also means good volatility...just got to be better prepare to exploit it
[10:18:41] <+Sambeano> yep
[10:22:55] <@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
[10:31:11] <+Sambeano> long TF 855.5 5 C
[10:31:44] <+Sambeano> corr 844.5
[10:32:02] <+Sambeano> out 845 + .5
[10:32:14] <+Sambeano> a quicky
[10:32:38] <+Sambeano> trade lasted 24 secs
[10:59:25] <+Sambeano> short TF 845.3 5 c
[11:00:10] <+Sambeano> out 844.9 +.4
[11:04:06] <+Sambeano> me too skitzy today....making gud entries but not sticking around
[11:10:08] * Time4now2 is now known as Time4now
[11:52:55] <@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
[12:06:15] <AndyES> Long TF @ 837.10 «« scalp »»
[12:06:55] <+AndyES> Exited all TF Long @ 836.7 --> - 0.4 «« scalp »»
[12:08:22] <elf2> rut trying the 838 support
[12:11:17] <+Sambeano> wrbtrader was right, this all began about 8:30est
[12:12:03] <+Sidhartha> after the figures
[12:15:10] <@wrbtrader> Just got back from some personal stuff...
[12:17:11] <+Sambeano> ES,NQ,TF,YM in neat channels since 10:30..now beginning to flirt with lower line...
[12:27:30] <+elf2> is the tf gonna bounce briefly here?
[12:31:01] <@wrbtrader> It is at a weak support arrea
[12:31:28] <@wrbtrader> Long Emini TF @ 834.50 -> small size
[12:31:33] <@wrbtrader> 2 contracts
[12:32:41] <@wrbtrader> I'm not going to hang around too much in this Long position with all that overall downside pressure
[12:34:06] <@wrbtrader> Exited all Emini TF Long @ 835.90 --> + 1.4
[12:34:28] <+elf2> bot 1 5/13 spx 1335C @ 2.80
[12:36:45] <+elf2> tick hit -1458 at the swing low, but tick lately not very validating
[12:47:34] <@wrbtrader> Key markets like Oil and Gold also (just like the Eminis) are trying to build a support area after the intraday lows
[12:50:09] <Time4now> long small 835.5
[12:52:20] <+Time4now> exit 835.6
[12:57:45] <+elf2> i wanna see the tick spike up to +1100
[13:07:19] <+elf2> goog has pierced down below its 500d sma
[13:08:01] <+elf2> @531.26
[13:10:51] <+elf2> oops 531.79
[13:18:20] <@wrbtrader> tough price action for the past 45 mins due to volatility contraction
[13:18:40] <@wrbtrader> Emini futures, Eurex futures
[13:19:06] <@wrbtrader> Gold GC futures has its own volatility contraction the past 25 mins
[13:19:56] <@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
[13:26:47] <+Time4now> :\
[13:42:19] <+Sambeano> missed nice short sig 833.3
[13:42:38] <+Sambeano> at 1:38est
[13:44:18] <+Time4now> long 833.6
[13:44:21] <+Time4now> small
[13:51:03] <+Time4now> exit 833.8 +.2
[14:21:57] <pat255> S 1337.75 Es paper
[14:24:05] <+elf2> scalped 3pt on the spx 1335C
[14:24:38] <+elf2> man that was more work than digging a ditch
[14:49:56] <@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
[14:58:37] <+pat255> was looking to hold 836 but cud not
[14:58:45] <+elf2> anyone looking for a gap up open on monday?
[14:59:29] <+Time4now> developing a range here
[15:00:37] <+pat255> Tf may touch 834.2 for DB
[15:01:18] <@wrbtrader> If there's going to be any bullish global news event over the weekend...
[15:01:32] <@wrbtrader> Can't imagine why the market will not gap up on Monday
[15:02:07] <+pat255> next week exp week
[15:02:52] <@wrbtrader> Yeah...I'll be expecting a few strong directional price movements early next week because of the expiration
[15:05:49] <+elf2> rut made a intraday double bottom but it might be trying for a triple bottom here
[15:24:35] <+Time4now> long med 835.2
[15:25:41] <+Time4now> exit 834.5
[15:30:07] <+Time4now> ls 834.3
[15:31:54] <+Time4now> exit 834.9
[15:44:33] <+Time4now> long small 835.1
[15:45:07] <+Time4now> exit 834.6
[15:54:26] <+Time4now> long med 834.3
[15:59:36] <+Time4now> exit 834.3
[16:06:33] <@wrbtrader> back to back pathetic 4pm est rush hour traffic for the Eminis
[16:06:41] <@wrbtrader> Take care all and have a good weekend
[16:06:48] * wrbtrader is now known as wrbtrader_away
[16:06:58] <Warbucks> gn all
[16:16:57] <@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: Fri May 13 17:29:19 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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