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 Post subject: May 11th Wednesday - Futures, ETFs and Forex Currencies
 Post Posted: Wed May 11, 2011 3:56 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

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

Session Start: Wed May 11 08:23:49 2011
Session Ident: #FuturesTrades
[08:23:49] * Now talking in #FuturesTrades
[08:23:49] <@X> [NihabaAshi] chat room archives @ viewforum.php?f=20
[09:10:07] <pat255> gm
[09:27:43] <drt> gm all
[09:28:44] <@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
[09:32:23] <Sambeano> gm
[09:32:36] <@wrbtrader> Good morning all
[09:33:00] <Trendtrader> Long TF @ 851.1 «« simulator »»
[09:33:28] <@wrbtrader> Geeesh...hugh drop in the Russell index
[09:39:40] <+pat255> l 1350 es
[09:43:21] <+Sambeano> wrbtrader TF weak support at 848???
[09:43:36] <@wrbtrader> Yep
[09:44:03] <@wrbtrader> Sorry...I see it a higher around 849
[09:44:18] <+Sambeano> NQ trying to rally
[09:44:46] <+Sambeano> got it
[09:44:51] <@wrbtrader> My 849 is a new support after the bounce so far...I didn't have it as a support prior to the open.
[09:46:17] <+Sambeano> yeah, acting that way wrbtrader
[09:46:57] <@wrbtrader> Emini NQ has good volatility so far
[09:47:01] <+Trendtrader> Exited 3/4 TF Long @ 851.6 --> + 0.5 «« simulator »»
[09:48:02] <+Sambeano> had weak long sig but didn't bite
[09:48:54] <+Sambeano> shoulda!!
[09:48:59] <@wrbtrader> Forex EurUsd or EuroFX 6E futures trying hard to find some legs after the steady decline from the 1.4420 level
[09:50:43] <+Sambeano> NQ volume .....traders wary?? I should just watch price action but......
[09:51:31] <+Sambeano> volume weak should have said.....
[09:53:13] <+pat255> out es +1
[09:54:28] <+Trendtrader> Exited Remainder TF Long @ 852.1 --> + 1 «« simulator »»
[09:54:46] <+Sambeano> gud wrk Pat
[09:59:32] <@wrbtrader> Shorts Emini TF @ 850.30 -> large size
[09:59:51] <@wrbtrader> 6 contracts
[10:00:35] <+Sambeano> wow
[10:00:56] <@wrbtrader> volatility spike
[10:01:03] <+Sambeano> vy impressive entr wrbtrader
[10:01:42] <@wrbtrader> would have been more impressive had I not delayed my entry and shorted instead @ 851.80
[10:02:38] <@wrbtrader> not much so far...other key markets trying hard to find support and Emini TF ran into that 849 wall
[10:02:51] <+Sambeano> yeah but there's clairvoyance and then ther's......
[10:02:55] <werner> hi all
[10:04:12] <@wrbtrader> Now below that wall
[10:04:42] <@wrbtrader> support failure
[10:05:08] <@wrbtrader> Covered 2/3 Emini TF Short @ 848.20 --> + 2.1
[10:05:08] <+Sambeano> yep, shud be xlnt trade fer u wrbtrader
[10:06:29] <+pat255> geez was l biased .."(
[10:06:37] <+werner> Long NQ @ 2407.00
[10:06:58] <@wrbtrader> pat255...I still have a bullish bias
[10:07:35] <@wrbtrader> However, if other key markets drop further...I'll change my bias
[10:07:46] <+pat255> agree but cud not take adbantage of this drop
[10:07:59] <+werner> Exited all NQ Long @ 2409.75 --> + 2.75
[10:08:21] <+Sambeano> Pat u squeezed a pt out of noth......
[10:08:26] <@wrbtrader> Covered Remainder Emini TF Short @ 848.80 --> + 1.5
[10:08:36] <@wrbtrader> Long Emini TF @ 849.00 -> small size
[10:09:31] <+Sambeano> I luv watching U trade wrbtrader
[10:09:31] <@wrbtrader> 3 contracts
[10:10:30] <@wrbtrader> Exited all Emini TF Long @ 848.20 --> - 0.8
[10:10:40] <@wrbtrader> You should have saw me on Monday and Tuesday...
[10:10:47] <Sidhartha> Haha
[10:10:57] <+Sidhartha> they were nasty...
[10:10:58] <+werner> es and ym weak
[10:11:08] <+werner> tf also
[10:11:08] <@wrbtrader> Monday was a losing day (mostly losses) and Tuesday was almost a losing day if it wasn't for one decent winner
[10:11:28] <@wrbtrader> Yeah...Monday was UGLY
[10:12:40] <@wrbtrader> weak support developing
[10:12:50] <@wrbtrader> lets see if it can get stronger
[10:15:46] <@wrbtrader> Long Emini TF @ 848.00 -> medium size
[10:15:49] <+werner> Long NQ @ 2409.75
[10:16:16] <@wrbtrader> tight stop
[10:16:27] <@wrbtrader> 4 contracts
[10:17:30] <@wrbtrader> Exited 3/4 Emini TF Long @ 849.00 --> + 1
[10:18:31] <@wrbtrader> that number again 849
[10:19:08] <+werner> Exited all NQ Long @ 2412.00 --> + 2.25
[10:20:02] <+werner> bbl
[10:21:51] <@wrbtrader> All the metals futures Gold GC, Silver SI and Copper HG along with Forex XAU and XAG have been hit HARD since 5am est
[10:23:38] <@wrbtrader> Exited Remainder Emini TF Long @ 848.20 --> + 0.2
[10:24:37] <@wrbtrader> I now have a bearish bias...didn't like how that counter-thrust failed
[10:25:17] <+Sambeano> yeah TF more dwn
[10:26:08] <+Sambeano> NQ in range
[10:26:12] <+Sidhartha> NQ failed to stay above yesterdays high again
[10:26:54] <+Sambeano> yep NQ no direction
[10:31:23] <+werner> Shorts NQ @ 2408.25
[10:33:35] <+werner> Covered all NQ Short @ 2408.00 --> + 0.25
[10:33:40] <+werner> brrr
[10:34:12] <+Sambeano> yep NQ in range and not telling
[10:34:57] <+Sambeano> generally the suggestion(to me) is up, but.......
[10:35:42] <+werner> Shorts NQ @ 2408.00
[10:38:06] <+werner> Covered all NQ Short @ 2406.75 --> + 1.25
[10:38:35] <+werner> maybe tf sup here
[10:39:04] <+pat255> vn
[10:39:23] <elf2> rut puking today, what changed from yest?
[10:39:29] <+Sambeano> maybe
[10:39:42] <+werner> tx pat
[10:44:38] <@wrbtrader> The main difference today in comparison to Monday and Tuesday is that "a lot" more key markets are in sync with each other today.
[10:44:45] <@wrbtrader> They're all dropping :)
[10:44:52] <+pat255> y
[10:45:33] <@wrbtrader> Yet, Emini NQ did fight hard not to join that "party".
[10:46:21] <+Sambeano> yeah, even still
[10:47:53] <+Sambeano> sense NQ rebellious bunch
[10:48:38] <+werner> bbl
[10:49:39] <@wrbtrader> Market obviously didn't like the 1030am est EIA Petroleum Status report
[10:52:16] <+pat255> looks like
[10:54:38] <+Sambeano> long NQ 2407.75 5 cont
[10:57:40] <+Sambeano> out 2408.5 +.75
[10:58:45] <@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
[11:11:59] <Siddhartha> wrbtrader, othernet still having issues...?
[11:12:58] <@wrbtrader> I don't know...I only know when I get disconnected or when #FuturesTrades only show a few members on a normal trading day
[11:22:26] <+Sambeano> long TF 846.8 5 cont
[11:31:09] <Time4now> short small 847.4
[11:36:25] <+Time4now> exit 846.5
[11:36:35] <+pat255> vn
[11:36:50] <+Time4now> tks
[11:46:16] <+Sambeano> stp to 845.9
[11:48:14] <+Sambeano> stopped 845.9 -.9
[11:57:21] <+elf2> who let the dogs out?
[11:58:16] <+elf2> rut looks like it wants to close yest's gap
[11:58:52] <+elf2> Iwm VERY CLOSE TO FILLING YEST'S GAP
[11:59:03] <+elf2> oops sorry caps
[12:03:47] <+Time4now> I would have liked to been a greater part of this short
[12:03:54] <+Time4now> but my bias was long
[12:04:19] <Sidhartha> what made you have a long bias Time4now...?
[12:04:42] <+Time4now> well, i would call it a short term long bias
[12:04:51] <+Time4now> due to an str via spx
[12:04:54] <+Time4now> 2min
[12:05:03] <+Time4now> not the best looking str
[12:06:54] <+Time4now> wow
[12:07:02] <+Time4now> nice move downward
[12:07:46] <+Sidhartha> I saw it too... but there is a bigger bearish STR trying to set up in 10 min
[12:08:19] <+Time4now> ahh
[12:08:27] <+Time4now> no 10min chart for me
[12:08:31] <+Time4now> 5 and 15
[12:08:43] <+Time4now> i could see something was forming, but was not correct
[12:08:50] <+Sidhartha> also it could always form another pC in 2 min... which it did
[12:09:49] <+Time4now> pd yes
[12:09:54] <+Time4now> and now that you mention it
[12:09:58] <+Time4now> you are right
[12:10:18] <+Time4now> my short coinsided with it too
[12:10:21] <+Time4now> wow
[12:16:10] <+Time4now> i'm going to have to take a break now,
[12:16:19] <+Time4now> i feal like this is my money i'm not earning
[12:16:26] <+Time4now> :/
[12:16:34] <+Time4now> live and learn
[12:21:15] * Time4now is now known as t4naway
[12:28:45] <@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
[12:37:51] <+Sambeano> long TF 839.5 5cont
[13:13:55] * t4naway is now known as t4n
[13:23:43] <+werner> Long NQ @ 2384.75
[13:26:56] <@wrbtrader> All recent gaps have been filled
[13:26:59] <@wrbtrader> now what ?
[13:27:01] <@wrbtrader> :)
[13:27:26] <+werner> Exited all NQ Long @ 2383.75 --> - 1
[13:28:33] <@wrbtrader> werner...Emini NQ is in a key change in supply/demand price area...
[13:28:35] <@wrbtrader> it's big
[13:28:48] <@wrbtrader> Thus, you can be right about the price direction but still get losses :(
[13:29:14] <+werner> thnx :)
[13:31:44] <+werner> Long NQ @ 2381.75
[13:34:45] <+werner> Exited all NQ Long @ 2379.00 --> - 2.75
[13:35:23] <+elf2> well that -1361 tick @ 12:15 was a "false flag" imho
[13:35:31] <+werner> ym maybe sup imo
[13:36:17] <+werner> Long NQ @ 2375.00
[13:39:36] <+werner> Exited all NQ Long @ 2379.75 --> + 4.75
[13:43:06] <+werner> realax modems here
[13:43:51] <+werner> ...lets see
[13:44:46] <+werner> bbl
[13:50:09] <+werner> Shorts NQ @ 2382.00
[13:52:10] <+werner> Covered all NQ Short @ 2380.00 --> + 2
[13:52:30] <+werner> ..pff so fast
[13:54:14] <+werner> i like short but ....brrr here
[13:58:40] <t4n> short small 836.9
[13:58:46] <@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
[14:02:09] <+t4n> reverse long 837
[14:05:54] <+t4n> exit 836.5
[14:07:59] <+t4n> long large 836.8
[14:14:54] <+t4n> man
[14:19:52] <+t4n> exit 1/3 837
[14:21:55] <+t4n> exit remainder 836.2
[14:21:58] <+t4n> damn
[14:24:06] <@wrbtrader> Oil CL futures has rolled over to the south once again
[14:33:38] <@wrbtrader> Long Emini TF @ 837.50 -> small size
[14:33:44] <@wrbtrader> 1 contract
[14:38:23] <+t4n> right
[14:38:26] <+t4n> damn
[14:38:54] <+t4n> i was warn out after that
[14:40:14] <+t4n> I'm not sure what i learned from that
[14:40:19] <+t4n> it was just plain tough
[14:40:37] <+t4n> could have protected myself better i guess
[14:44:42] <@wrbtrader> Exited Emini TF Long @ 839.00 --> + 1.5
[14:45:46] <+t4n> I fealt like i was stuck in a creeper low
[14:45:57] <+t4n> what made you decide to go long?
[14:52:50] <@wrbtrader> Some of the Emini Futures had a "long lower shadown" around 1:36pm est
[14:53:17] <@wrbtrader> It provided a nice area to look for a Short or Long.
[14:53:34] <@wrbtrader> Thus, when it started rising...I went Long
[14:53:54] <@wrbtrader> Had it started dropping back inside that key price area...I would have shorted it
[14:54:26] <@wrbtrader> In reference to the 3min chart
[14:55:08] <+t4n> yes i see in spx
[14:55:30] <+t4n> str and fvb
[14:55:49] <+t4n> had tunnel vision after the stress of the trade
[14:57:44] <ajax-Soc> programs comin here be weddy
[14:59:02] <+elf2> goog has lost its flubber since todays swing high, i guess carrying the nq wore it down
[15:01:40] <+ajax-Soc> s2383.75, +.75, +1out
[15:05:31] <+ajax-Soc> no vol in markt rt now....hmmmm
[15:25:46] <@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
[15:36:17] * t4n is now known as t4n_away
[15:58:44] <+werner> gn all
[16:11:26] <+ajax-Soc> gn all
[16:11:46] <Warbucks> gn all
[16:40:08] * t4n_away is now known as t4n
[16:45:12] <+t4n> tough day, so close yet so far away
[16:45:42] <+t4n> gn all
[16:54:59] <@wrbtrader> Take care all and see all tomorrow
[16:55:07] * 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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