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 Post subject: May 31st Tuesday - Futures, ETFs and Forex Currencies
 Post Posted: Tue May 31, 2011 2:50 pm 
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Joined: Tue Dec 16, 2008 1:02 am
Posts: 2106
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:
053111-Key-Price-Action-Markets.png
053111-Key-Price-Action-Markets.png [ 489.82 KiB | Viewed 105 times ]

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

Session Start: Tue May 31 09:08:02 2011
Session Ident: #FuturesTrades
[09:08:02] * Now talking in #FuturesTrades
[09:08:03] <@X> [TheStrategyLab.com] chat room archives @ viewforum.php?f=20
[09:11:09] <Sambeano> greets
[09:12:33] <Hoff> Hey Sam, mornin
[09:12:53] <+Sambeano> Hey Hoff!
[09:15:22] <Trendtrader> no trades for me today :( early meeting. see you all tomorrow.
[09:17:16] <eminigil> gm
[09:17:50] <+Sambeano> this day last year was very volatile, made nice moves....
[09:19:53] <+Hoff> hopefully history repeates :)
[09:20:42] <Warbucks> gm all
[09:21:30] <+Sambeano> interesting that yesterday a year ago was much the mirror image of yesterday, up this year dwn last year
[09:23:01] <+Sambeano> today a year ago first made nice run up, then another down.
[09:23:14] <+Sambeano> mornin Warbucks
[09:23:35] <+Warbucks> hey Sambeano
[09:30:21] <drt> gm all
[09:30:27] <pat255> gm all
[09:30:34] <+pat255> @office today ..:(
[09:31:52] <+Sambeano> srt TF 845.1 1C
[09:34:38] <+Sambeano> stp to 846
[09:34:56] <+pat255> S es 1343
[09:36:39] <+pat255> out b/e no go :(
[09:39:09] <+Sambeano> stp to 845.6
[09:40:10] <+Sambeano> out 845.6 -.5
[09:41:06] <+Sambeano> error lng 846.1 1C
[09:41:42] <+Sambeano> correct sht
[09:42:22] <+Sambeano> stp 846.3
[09:42:38] <+Sambeano> I'm all discomboblulated today
[09:44:11] <werner> gm all
[09:45:01] <@wrbtrader> Shorts Emini TF @ 844.40 -> large size
[09:45:04] <+Sambeano> stp 844.7
[09:45:40] <@wrbtrader> 6 contracts
[09:45:58] <@wrbtrader> I'm smack in between two key economic reports...
[09:46:07] <@wrbtrader> interesting
[09:46:51] <Fleneer> Chicago purchasing managers number out just now. 56.6 vs 67.6 April. poor number
[09:48:15] <+Sambeano> stp to 844.1
[09:48:40] <+eminigil> Long Emini ES @ 42.7
[09:49:06] <+eminigil> +5 part
[09:49:24] <@wrbtrader> Covered Emini TF Short @ 843.00 --> + 1.4
[09:49:26] <@wrbtrader> Holding 2 contract remainders
[09:49:54] <@wrbtrader> trailing @ profit
[09:50:03] <+eminigil> +10 tic out
[09:51:04] <@wrbtrader> Covered Remainder Emini TF Short @ 843.90 --> + 0.5
[09:51:51] <+eminigil> R3 acted as temp supp at 42.7
[09:51:53] <@wrbtrader> Long Emini TF @ 844.20 -> small size
[09:51:56] <+Sambeano> stppd at 844.2 +1.9
[09:52:01] <@wrbtrader> 2 contracts
[09:52:33] <@wrbtrader> 10am est key economic report pending
[09:56:59] <elf2> last i see is consumer confidence at 0955
[09:57:32] <@wrbtrader> Exited all Emini TF Long @ 843.40 --> - 0.8
[09:57:34] <@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
[09:59:39] <@wrbtrader> Shorts Emini TF @ 842.00 -> medium size
[09:59:47] <+Sambeano> warbucks do you see the box from open to 9:42?
[09:59:48] <@wrbtrader> intuition - chaser
[10:00:19] <+Sambeano> shud have shrted 844.6 and still be short
[10:00:32] <+pat255> Confidence gauge falls to 60.8 from 66.0 in April
[10:01:10] <+Sambeano> my last shrt should still be in play!! just not following the plan this am
[10:01:25] <+elf2> oops, my bad report is at 10 am
[10:02:30] <+Sambeano> nw just watching
[10:02:44] <+pat255> vn N ...
[10:04:10] <+eminigil> Long Emini ES @ 39.7
[10:05:21] <@wrbtrader> Covered 3/4 Emini TF Short @ 840.00 --> + 2
[10:05:41] <@wrbtrader> Holding 1 contract remainder
[10:06:06] <+pat255> vn
[10:06:21] <@wrbtrader> trailing @ profit
[10:08:37] <+eminigil> cancelled my long don't want it now
[10:08:59] <+Warbucks> I have it marked Sam... but went from high to low in about 10 sec it seemed like at 9:42
[10:10:48] <+Sambeano> right, when it dropped through the box and indicated the short at abt 844.7
[10:12:01] <+Warbucks> definitely front run the bad news
[10:13:20] <+Sambeano> notice the next box frm 9:49 to 9:59 then the drop through on the report
[10:14:23] <+eminigil> Shorts Emini ES @ 40.8
[10:14:45] <+Warbucks> new box now with low at 839.9
[10:15:34] <+eminigil> dang missed fill by 2 tic
[10:16:05] <+Sambeano> no 6:49 to 6:59 ur time 844.6 top and 842.7 bottom
[10:16:57] <+eminigil> r1 38.4
[10:17:07] <+Warbucks> I see that
[10:17:31] <+Sambeano> most recent box penetrated dwn 3 min ago
[10:21:17] <+eminigil> testing 38.4 level
[10:25:25] <+Sambeano> current box 839.9 top 838 bottom
[10:26:29] <@wrbtrader> Covered Remainder Emini TF Short @ 838.00 --> + 4
[10:26:38] <+pat255> vvn
[10:26:43] <+Sambeano> stp would be at 840
[10:28:39] <+Sambeano> corr 837.9 bottom.....
[10:28:47] <+Sambeano> neen new glasses
[10:32:17] <@wrbtrader> 838.00 was a WRB profit target...didn't think price would reach it.
[10:32:35] <+pat255> gap close?
[10:32:41] <@wrbtrader> now it looks like it's hammering at it
[10:32:46] <+Sambeano> nice wrbtrader
[10:32:58] <+Sambeano> penetrates bottom
[10:33:16] <+Sambeano> stp cud mv to 839.6
[10:46:24] <+Sambeano> nw pushes thru box hits stp trade wud been worth +5.1!!
[10:58:24] <codehead> so far, ES has barely printed at 2
[10:58:24] <+codehead> 6
[10:58:37] <+codehead> at 1335.75
[10:58:52] <+codehead> so strong buying so far at 36
[11:00:57] <+codehead> seems to be taking too long ot bounce tho...
[11:01:33] <+codehead> goig to be some stops
[11:01:35] <ajax-Soc> codeh.....ya make it up here to PNW this weekend??
[11:05:45] <+codehead> i was there from Wed eve thru fri morn
[11:05:51] <+codehead> it was nice
[11:06:11] <+codehead> had meeting in bothwell thurs
[11:06:18] <+codehead> bothell
[11:06:44] <+codehead> stayed at willows ldge in woodinville--vn!
[11:07:47] <+ajax-Soc> hey....ya were here in Bothell...I live here.... :)
[11:08:00] <+Warbucks> where you located ajax?
[11:08:02] <+ajax-Soc> ya know that place...
[11:08:19] <+ajax-Soc> Bothell
[11:08:39] <+Warbucks> im from Moses Lake originally
[11:08:44] <+ajax-Soc> ah
[11:08:53] <+Warbucks> college in Bellingham
[11:08:58] <+ajax-Soc> have freind retired over there now... :)
[11:09:08] <+ajax-Soc> sweet :)
[11:09:14] <+codehead> ah, didn't realize you were right there
[11:09:19] <+Warbucks> my mom is still there
[11:09:22] <+ajax-Soc> yupper :)
[11:09:34] <+codehead> man, i got a tour of the at&t datacenter--"vast"
[11:09:40] <+Warbucks> im in SoCal now
[11:09:55] <+ajax-Soc> ya didn't ask when ya said were coming up here, so thot ya were sorta busy....
[11:10:02] <+codehead> i'm in socal too
[11:10:12] <+codehead> yeah, well it was a busy tour
[11:10:14] <+ajax-Soc> where Warb?
[11:10:15] <+Warbucks> where at codehead?
[11:10:18] <+codehead> torrance
[11:10:24] <+Warbucks> im next to Temecula
[11:10:27] <+codehead> ic
[11:10:44] <+ajax-Soc> used to live in Hermosa Beach in 60's-late 70's
[11:11:02] <+ajax-Soc> up in doz hills... :)
[11:11:57] <+Warbucks> been all over pnw... everett, maple valley, tacoma, moses lake, bellingham
[11:13:03] <+codehead> pretty committed buyers at ES lows so far
[11:13:30] <+codehead> lt getting closer to time to try a bounce
[11:14:07] <+codehead> yeah, weather was pretty nice for the trip
[11:14:35] <+ajax-Soc> a cool weekend up here....nice :)
[11:16:46] <+ajax-Soc> ----< 5 minutes before KEY TIME ZONE REVERSAL/breakout 11:20 to 11:30 >----
[11:20:27] <+Sambeano> Warbucks got chart .... sent one for later...
[11:21:36] <+Warbucks> sounds good Sam
[11:22:54] <+Sambeano> current box 840.9 - 842
[11:27:35] <@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
[11:36:00] <@wrbtrader> Impressive fight (counter-thrust) back upwards
[11:38:12] <+ajax-Soc> ya got that last NQ pop...was sitting on it...is funny chop day for eom day
[11:42:41] <+eminigil> Shorts Emini ES @ 843.0
[11:43:31] <+ajax-Soc> ah ya mean TF?
[11:43:43] <+eminigil> yes
[11:43:48] <+ajax-Soc> :)
[11:53:32] <+ajax-Soc> pb here
[11:57:08] <+eminigil> +.5 part
[11:57:59] <+eminigil> 1.0 out
[12:03:50] <+ajax-Soc> gg
[12:04:31] <+eminigil> tks r3 at 842.7 worked well
[12:07:43] <@wrbtrader> Long Emini TF @ 842.40 -> small size
[12:07:48] <@wrbtrader> 2 contracts
[12:08:55] <@wrbtrader> don't particular like this type of afternoon volatility but I do have a tight stop to manage my increased risk exposure
[12:11:46] <+eminigil> nice momentum but its right a r3
[12:12:54] <@wrbtrader> Exited all Emini TF Long @ 842.10 --> - 0.3
[12:16:47] <@wrbtrader> Shorts Emini TF @ 841.10 -> small size
[12:16:53] <@wrbtrader> 2 contracts
[12:17:36] <@wrbtrader> actual trade signal @ 841.50 but had problems trying to get short
[12:18:39] <@wrbtrader> Covered all Emini TF Short @ 840.00 --> + 1.1
[12:19:00] <+pat255> vn
[12:19:28] <+eminigil> nice wrb
[12:54:35] <@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
[14:24:35] <@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
[16:07:23] <@wrbtrader> Lackluster volatility into the 4pm est regular session close...May has completed.
[16:07:51] <@wrbtrader> Hopefully, there's good volatility to kick start the June trading session.
[16:08:05] <@wrbtrader> Take care all and see all in June :)
[16:08:11] * 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 because sometimes the answers contains useful trading tips.

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
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