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 Post subject: May 4th Wednesday - Futures, ETFs and Forex Currencies
 Post Posted: Wed May 04, 2011 3:22 pm 
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Trader / Forum Admin

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:
050411-Key-Price-Action-Markets.png
050411-Key-Price-Action-Markets.png [ 519.63 KiB | Viewed 200 times ]

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

Session Start: Wed May 04 09:02:12 2011
Session Ident: #FuturesTrades
[09:02:12] * Now talking in #FuturesTrades
[09:02:12] <@X> [NihabaAshi] chat room archives @ viewforum.php?f=20
[09:04:07] <Trendtrader> Got an early meeting, so no trades today. See you tomorrow.
[09:04:19] <pat255> gm all
[09:27:57] <@wrbtrader> Good morning all...having some problems with my charts this morning. I think I got it fixed
[09:28:15] <+pat255> gm N ...
[09:28:41] <+pat255> always one thing od the oter had chart issues for the past 2-3 weeks
[09:34:20] <+pat255> hearing to Y low?
[09:34:27] <+pat255> heading
[09:52:08] <+pat255> L 1351.5 ES
[09:53:08] <+pat255> out -1
[09:53:24] <@wrbtrader> Shorts Emini TF @ 841.50 -> large size
[09:53:36] <@wrbtrader> 3+3
[09:55:09] <@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
[09:55:57] <@wrbtrader> Covered all Emini TF Short @ 842.10 --> - 0.6
[09:57:15] <+pat255> ism - main ec report of day coming up
[09:57:37] <@wrbtrader> It's a pin ball machine right now...easily shaken out
[09:58:17] <@wrbtrader> Shorts Emini TF @ 839.40 -> large size
[09:58:25] <@wrbtrader> 3+3
[09:58:37] <@wrbtrader> same trade but chasing
[10:02:06] <@wrbtrader> That prior 841.50 short entry was a nice trade...too bad I wasn't able to hold it in that increasing volatility
[10:02:55] <+pat255> chop before now a trend develop
[10:07:07] <+pat255> good hold N ...i wud have bailed on that up thrust
[10:07:21] <@wrbtrader> I almost did bail
[10:07:36] <+pat255> vn
[10:07:52] <@wrbtrader> Covered 2/3 Emini TF Short @ 835.90 --> + 3.5
[10:10:40] <@wrbtrader> Covered Emini TF Short @ 834.30 --> + 5.1
[10:10:43] <@wrbtrader> Holding 1 contracts remainder
[10:12:32] <Sambeano> gm all
[10:14:58] <+Sambeano> nice setup to drop...vol spike while price drops the vol tapers off by 9:45
[10:15:48] <+Sambeano> vol flat till trigger dwn at 9:56/57
[10:16:53] <+Sambeano> naturally not here!!
[10:17:54] <+Sambeano> was gud for 6 pts..... so far....drat!!
[10:20:02] <+Sambeano> I was speakn of TF btw
[10:20:49] <+Sambeano> cuddoes anyone got short before 9:58
[10:23:52] <@wrbtrader> Trying to hold this remainder in a price action that has found a new support area
[10:39:24] <@wrbtrader> volatility spike has taken price below that support area
[10:39:44] <+Sambeano> there no vol since 9:43 est, no sense the pros accumulating....dwn dwn
[10:45:48] <@wrbtrader> Covered Remainder Emini TF Short @ 831.60 --> + 7.8
[10:46:17] <+pat255> vvn
[10:52:55] <@wrbtrader> Forex EurUsd or EuroFx 6E has broken below it's support via a volatility spike that has taken price into another key price area
[10:54:04] <@wrbtrader> Other key market have also broken below key support areas such as Crude Oil CL futures
[10:54:33] <Time4now> was osama holding up the markets or what?
[10:54:35] <+pat255> y cl bounced off the low
[10:54:45] <@wrbtrader> Gold GC futures broke below support too
[10:56:26] <+Sambeano> btw vol fm me =volume
[10:56:27] <@wrbtrader> I remember when 911 happen, the wealthy bin laden family (his parents, siblings and himself_ was said to have had about a billion dollars in the markets.
[10:56:52] <+Time4now> wow
[10:56:55] <+Time4now> i didn't know that
[10:57:07] <@wrbtrader> Maybe it's now being sold off considering the governmentst couldn't freeze it because none of it was in his name.
[10:57:10] <+Time4now> i didn't know they were that wealthy that is
[10:57:44] <@wrbtrader> They are wealthy and had the ability to "raise millions very easily".
[10:57:57] <+Sambeano> one of wealthiest Saudi families
[10:58:09] <@wrbtrader> They practically finance the Afghan war against Russia that they won
[10:59:00] <@wrbtrader> That's why it was so difficult to catch that jerk...he had "too many wealthy" connections
[10:59:07] <+Time4now> looks like money alone cant produce good offspring
[11:00:04] <@wrbtrader> I think it's just ironic that if you pulled all the money out of the U.S. markets that belong to terrorist from abroad...
[11:00:24] <@wrbtrader> We'll probably see a one day "flash crash".
[11:01:58] <@wrbtrader> It's just weird about whom is investing money in the U.S. nowadays
[11:02:28] <@wrbtrader> I think we even have the Chinese owning a professional football team now
[11:02:32] <+Time4now> everyone with money, china, russia
[11:02:44] <@wrbtrader> or something like that
[11:03:12] <@wrbtrader> Just strange considering all the political problems between countries
[11:03:49] <+Time4now> yes, they may not have the US in their best interest
[11:04:49] <Siddhartha> Osama's billion dollars wouldn't touch the sides in these markets I don't think
[11:05:21] <+Siddhartha> The market was showing pretty clear signs of exhaustion on that big 2 week rally... structure below the rally was looking fragile
[11:05:49] <+pat255> y
[11:06:12] <+Siddhartha> and with a half decent earnings season behind us and all the big analysts being wheeled out to tell us why the market's been rallying so hard, the market had all the reasons it needed to sell off!!!
[11:07:04] <+Time4now> good market observations sid
[11:07:48] <@wrbtrader> So far...every time we get a few big down days...the markets have amazingly rebounded to go higher
[11:08:25] <+Siddhartha> I take most stories on CNBC as a reverse indicator these days
[11:08:45] <+Siddhartha> they fit firmly into malcom gladwell's "laggards" definition...!
[11:17:18] <@wrbtrader> I guess it works both ways about foreign interests buying U.S. professional sports teams.
[11:18:03] <@wrbtrader> Considering Lebron James of the Miami Heat is now a minority owner of "Liverpool FC" football (soccer) team
[11:18:22] <@wrbtrader> He's looking to buy more of it at a later date to become a majority owner
[11:19:24] <+pat255> mew lows
[11:19:24] <@wrbtrader> That FSG that owns club liverpool is also the owner of the Boston Red Sox
[11:19:34] <@wrbtrader> sounds confusing to me :)
[11:20:22] <@wrbtrader> Emini TF retesting the intraday lows
[11:22:10] <@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
[11:32:40] <+Time4now> the panavia tornado is the loudest damn plane
[11:59:07] <@wrbtrader> tough contracting volatility the past 40 mins...no trade opportunities
[12:38:56] <elf2> rut just closed the 833.37 - 829.46 gap
[12:49:30] <@wrbtrader> nice looking trend day (down) so far but the trade opportunities on the short side have been few
[12:52:10] <@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
[13:04:32] <@wrbtrader> Long Emini TF @ 829.80 -> small size
[13:04:41] <@wrbtrader> 1 contract
[13:28:43] <@wrbtrader> Exited Emini TF Long @ 830.50 --> + 0.7
[13:34:56] <Time4now2> short small 831.1
[13:37:13] <+Time4now2> exit 832.1
[13:53:34] <+Time4now2> i allways get roped into these pullbacks
[14:07:22] <+Siddhartha> clarity of market structure is inversely proportional to opportunity... that's what makes trading tough!
[14:07:48] <+Siddhartha> I'm still trying to improve mine...
[14:08:46] <Owner__> structure is my missing puzzle piece
[14:08:58] * Owner__ is now known as time4now
[14:16:09] <+time4now> long med 832
[14:18:16] <+time4now> exit half 833.1
[14:19:11] <@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
[14:19:59] <+Siddhartha> Market Profile...
[14:20:17] <+time4now> exit remainder 834.2
[14:24:24] <+time4now> i fealt comfortable with that trade,
[14:24:36] <+time4now> i just didnt hold on because i was neg for the day
[14:28:42] <time4now> I'm sorry for these disconnects
[14:29:00] <+time4now> Mark if it's a problem, i can stop rejoining if you like
[14:51:55] <@wrbtrader> The rejoins doesn't bother me because I've setup my mIRC to show the join and leave messages in my status window instead of within the #FuturesTrades window
[14:52:41] <+time4now> ok, cool
[14:52:57] <+time4now> i will have to do the same
[15:49:11] <@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
[15:49:31] <@wrbtrader> Shorts Emini TF @ 833.00 -> small size
[15:49:35] <@wrbtrader> 1 contract
[15:50:42] <@wrbtrader> trade error but will hold a little longer
[15:51:18] <@wrbtrader> Covered Emini TF Short @ 833.50 --> - 0.5
[15:52:37] <@wrbtrader> 4pm est rush hour traffic approaching
[15:53:20] <@wrbtrader> Shorts Emini TF @ 833.00 -> small size
[15:53:25] <@wrbtrader> 3 contracts
[15:54:42] <@wrbtrader> increasing volatility into the rth close
[15:58:33] <@wrbtrader> Covered 2/3 Emini TF Short @ 831.90 --> + 1.1
[16:02:30] <@wrbtrader> Covered Remainder Emini TF Short @ 830.40 --> + 2.6
[16:19:56] <@wrbtrader> Take care all and see all tomorrow
[16:20:02] * 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 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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