##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: Thu May 05 09:23:09 2011
Session Ident: #FuturesTrades
[09:23:09] * Now talking in #FuturesTrades
[09:23:09] <@X> [NihabaAshi] chat room archives @ viewforum.php?f=20
[09:27:00] <@wrbtrader> Good morning all
[09:27:49] <@wrbtrader> Anybody see the Eurex BUND futures take off northward...impressive
[09:28:34] <drt> all
[09:28:34] <@wrbtrader> Forex EurUsd or EuroFx 6E futures dropped like a hot potatoa also
[09:32:11] <Trendtrader> Shorts TF @ 824.8 «« simulator »»
[09:33:27] <+Trendtrader> Covered 1/2 TF Short @ 823.8 --> + 1 «« simulator »»
[09:34:17] <@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
[09:35:02] <+Trendtrader> Covered Remainder TF Short @ 825.1 --> - 0.3 «« simulator »»
[09:56:51] <@wrbtrader> Shorts Emini TF @ 825.50 -> large size
[09:57:06] <@wrbtrader> 6 contracts avg
[09:58:17] <@wrbtrader> Covered all Emini TF Short @ 826.30 --> - 0.8
[10:01:18] <@wrbtrader> Anybody in here that has been paying attention for the past few years will know the following about a "habit" I have...
[10:01:49] <@wrbtrader> If price retraces back down on volatility...back through prior exit that was a losing trade...
[10:01:55] <@wrbtrader> I'll re-enter the trade.
[10:02:01] <@wrbtrader> If not...no biggie
[10:02:17] <@wrbtrader> Meant...if the retracement doesn't happen
[10:02:21] <@wrbtrader> like now
[10:15:17] <@wrbtrader> Shorts Emini TF @ 828.90 -> large size
[10:15:27] <@wrbtrader> 3+3
[10:21:02] <@wrbtrader> Covered all Emini TF Short @ 827.80 --> + 1.1
[10:31:31] <@wrbtrader> Shorts Emini TF @ 826.30 -> small size
[10:31:37] <@wrbtrader> 3 contracts
[10:32:54] <@wrbtrader> support trying to develop
[10:35:03] <@wrbtrader> Covered all Emini TF Short @ 827.00 --> - 0.7
[10:35:48] <@wrbtrader> Long Emini TF @ 828.40 -> small size
[10:37:46] <@wrbtrader> starting to look like I "walked into a bar room fight"
[10:45:50] <@wrbtrader> Exited all Emini TF Long @ 829.50 --> + 1.1
[11:04:18] <@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
[11:36:21] <@wrbtrader> I was just looking at the charts of EuroFx 6E futures, Forex EurUsd or the U.S. Dollar...please let me know via posting the info in here because so far it just looks like a strong breakout of a "tight trading range" that had been range bound for about a week.
[11:59:11] <@wrbtrader> Impressive steady price rise since 1117am est
[12:32:35] <@wrbtrader> Shorts Emini TF @ 836.30 -> small size
[12:32:41] <@wrbtrader> 3 contracts
[12:34:18] <@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
[12:34:33] <@wrbtrader> trade error (saw something that really wasn't there)
[12:34:40] <@wrbtrader> still holding
[12:35:32] <@wrbtrader> Covered all Emini TF Short @ 835.90 --> + 0.4
[13:45:49] <Time4now> test
[13:46:01] <@wrbtrader> 123
[13:46:08] <+Time4now> man
[13:46:30] <+Time4now> i'll probably disconnect again :-/
[13:46:59] <+Time4now> how has trading been?
[13:48:11] <@wrbtrader> I missed a big move up while taking a break...not much action after that.
[13:48:39] <+Time4now> yeah,
[13:48:50] <+Time4now> i tried to jump on the long at 1130
[13:49:04] <+Time4now> missmanaged my entry due to lack of patients
[13:49:12] <+Time4now> got a poor entry and stopped out
[14:04:19] <@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
[14:20:28] <@wrbtrader> Long Emini TF @ 834.90 -> small size
[14:20:34] <@wrbtrader> 1 contract
[14:32:29] <@wrbtrader> Exited Emini TF Long @ 837.10 --> + 2.2
[14:33:31] <Time4now> nice work
[15:11:43] <+Time4now> such a strong drop
[15:14:10] <+Time4now> long small 828.9
[15:15:49] <+Time4now> exit 829.6
[15:31:19] <@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
[15:36:27] <@wrbtrader> Long Emini TF @ 826.90 -> small size
[15:36:31] <@wrbtrader> 3 contracts
[15:40:35] <@wrbtrader> Exited all Emini TF Long @ 827.00 --> + 0.1
[15:40:54] <@wrbtrader> that's a strange low volatility retracement
[15:41:25] <@wrbtrader> Long Emini TF @ 826.50 -> small size
[15:41:35] <@wrbtrader> 1 contract
[15:42:31] <@wrbtrader> Exited Emini TF Long @ 825.80 --> - 0.7
[15:43:35] <@wrbtrader>
[15:43:47] <@wrbtrader> sneaky price action
[15:44:42] <@wrbtrader> reminds me a little of the first hour trading...some pin ball machine price action
[15:45:30] <@wrbtrader> Long Emini TF @ 829.00 -> medium size
[15:45:35] <@wrbtrader> 4 contracts
[15:45:37] <@wrbtrader> intuition
[15:47:07] <@wrbtrader> 4pm est rush hour traffic approaching
[15:52:12] <@wrbtrader> Exited all Emini TF Long @ 828.00 --> - 1
[15:55:16] <@wrbtrader> Long Emini TF @ 828.00 -> medium size
[15:55:22] <@wrbtrader> 5 contracts
[15:55:24] <@wrbtrader> 2+3
[15:56:49] <@wrbtrader> darn...I walked into volatility contraction
[16:01:47] <@wrbtrader> If I can't get out at breakeven or higher...this will be my first losing trading day in over a month
[16:05:39] <@wrbtrader> Holding 2 contracts now
[16:05:52] <@wrbtrader> Exited Emini TF Long @ 828.10 --> + 0.1
[16:06:15] <@wrbtrader> still holding the 2 contracts
[16:08:28] <@wrbtrader> Looks like a Houdini escape
[16:14:23] <@wrbtrader> Exited Remainder Emini TF Long @ 829.40 --> + 1.4
[16:15:40] <@wrbtrader> Not a pretty trading day especially considering I missed two key trade opportunities today due to "rest and relaxation".
[16:16:20] <@wrbtrader> Capturing part of any of those strong directional price movements would have given me my profit target for the day.
[16:16:57] <@wrbtrader> Thus, I wouldn't haven't even traded the "rush hour traffic" going into the 4pm est regular session close with increasing position size.
[17:01:20] <@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:

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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