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 Post subject: May 12th Thursday - Futures, ETFs and Forex Currencies
 Post Posted: Thu May 12, 2011 9:00 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

Attachment:
051211-Key-Price-Action-Markets.png
051211-Key-Price-Action-Markets.png [ 506.86 KiB | Viewed 206 times ]

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

Session Start: Thu May 12 09:19:50 2011
Session Ident: #FuturesTrades
[09:19:50] * Now talking in #FuturesTrades
[09:19:50] <@X> [NihabaAshi] chat room archives @ viewforum.php?f=20
[09:22:39] <pat255> gm
[09:22:48] <+pat255> @office today .
[09:23:15] <Sambeano> gm
[09:31:33] <Trendtrader> Shorts TF @ 833.3 «« simulator »»
[09:35:22] <@wrbtrader> Good morning all
[09:35:28] <+pat255> gm N
[09:36:06] <+Sambeano> gm
[09:36:31] <+Sambeano> Fed Chairman Bernanke Testifies 10 am
[09:38:35] <+Trendtrader> Covered 1/2 TF Short @ 832.3 --> + 1 «« simulator »»
[09:39:04] <+Trendtrader> Covered 1/4 TF Short @ 831.4 --> + 1.9 «« simulator »»
[09:39:38] <+Trendtrader> exit stop moved to breakeven TF @ 833.3 «« simulator »»
[09:40:52] <werner> Long NQ @ 2373.00
[09:41:21] <+werner> hi all
[09:41:26] <+pat255> hi
[09:41:37] <+werner> :)
[09:41:37] <+Sambeano> howdy
[09:42:04] <+werner> hi samb
[09:42:32] <+pat255> wow no letup
[09:42:45] <+werner> not yet
[09:43:32] <+werner> Long NQ @ 2374.00 -> Add
[09:44:23] <+werner> Exited all NQ Long @ 2373.00 --> - 1
[09:45:00] <+werner> Long NQ @ 2371.00
[09:47:28] <+werner> Exited all NQ Long @ 2373.00 --> + 2
[09:47:44] <+werner> pff to fast to post
[09:48:09] <+werner> bbl
[09:48:49] <+werner> maybe long here
[09:49:27] <+werner> Long NQ @ 2372.75
[09:50:33] <+pat255> 833 area looks good for S on TF
[09:50:39] <+werner> Exited all NQ Long @ 2374.75 --> + 2
[09:50:45] <+pat255> vn
[09:50:52] <+werner> tx
[09:51:10] <+pat255> @office will stick with ES
[09:51:30] <+pat255> 1333 yl on ES
[09:51:40] <+Trendtrader> Covered Remainder TF Short @ 831.4 --> + 1.9 «« simulator »»
[09:51:52] <@wrbtrader> Long Emini TF @ 831.00 -> large size
[09:51:54] <+Sambeano> lng TF 831.1 5 cony
[09:52:18] <@wrbtrader> 6 contracts
[09:52:55] <@wrbtrader> there's some unusual volatility this morning so far...most likely due to the 0830am key market events
[09:53:18] <+Sambeano> out 831.9 +.8
[09:54:54] <+werner> europe has the jitters wrbtrader ...greez
[09:55:30] <Sidhartha> Bernanke in 5 mins
[09:56:06] <@wrbtrader> Exited all Emini TF Long @ 831.20 --> + 0.2
[09:56:26] <+pat255> nice
[09:56:45] <+pat255> hmm me bias S ..dang
[09:57:20] <@wrbtrader> Long Emini TF @ 831.50 -> large size
[09:57:22] <+Trendtrader> gotta go to the office guys. See you all monday. (I'll be out of town tomorrow, so no trading for me Friday.)
[09:57:44] <+Sambeano> bye
[09:58:01] <+Sambeano> hv gud one
[10:00:58] <@wrbtrader> Exited 2/3 Emini TF Long @ 833.80 --> + 2.3
[10:01:01] <+werner> vn wrbtrader
[10:01:03] <+pat255> vn
[10:01:10] <+pat255> did not s ...lucky
[10:06:26] <@wrbtrader> Exited Remainder Emini TF Long @ 831.70 --> + 0.2
[10:07:20] <@wrbtrader> should have better manage those remainders via tightning up the trailing stop :(
[10:09:34] <+pat255> S dangerous now
[10:09:36] <+werner> wow nq
[10:10:20] <+Sambeano> lng TF 833.6 5 C
[10:10:22] <@wrbtrader> geeesh...Emini TF all over the map
[10:10:29] <+pat255> y
[10:12:40] <+Sambeano> out 837.4 +3.8
[10:13:14] <@wrbtrader> nice
[10:13:18] <+werner> vn
[10:13:58] <+Sambeano> tnx
[10:16:06] <+pat255> N this L u took via 1m chart?
[10:17:25] <@wrbtrader> I used the 2min and 3min chart
[10:17:33] <+pat255> kty
[10:19:15] <+pat255> 2m chart look sgood for TF...trying to watch TF noe more than ES
[10:22:31] <+Sidhartha> I don't use the 1 min chart anymore really... simply too much noise for me
[10:22:40] <+pat255> y very true
[10:23:55] <+pat255> even 3m looks good ...
[10:24:04] <+Sidhartha> I spent like a year looking at 1 min and the number of fake outs more than destroys the advantage of being that little bit earlier...
[10:24:26] <+pat255> will start looking at tF now ..
[10:24:35] <+pat255> mostly watch ES NQ
[10:24:41] <+pat255> especially when at office
[10:30:11] <+werner> nq res at 2390....lets see
[10:30:44] <+werner> nexts res 92/93
[10:31:06] <+werner> next
[10:33:28] <@wrbtrader> Shorts Emini TF @ 836.80 -> small size
[10:33:35] <@wrbtrader> 2 contracts
[10:35:14] <+werner> Shorts NQ @ 2387.00
[10:35:32] <@wrbtrader> Covered all Emini TF Short @ 837.50 --> - 0.7
[10:36:29] <@wrbtrader> Shorts Emini TF @ 837.30 -> small size
[10:36:35] <@wrbtrader> 3 contracts
[10:36:39] <+werner> Covered all NQ Short @ 2385.00 --> + 2
[10:38:12] <+pat255> looks like bullflag on TF
[10:40:12] <+Sambeano> yes Pat, ES, NQ, TF, YM, all look to break higher IMHO
[10:40:43] <+Sambeano> but I'm rarely right!!
[10:40:49] <@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
[10:42:11] <@wrbtrader> I shouldn't be trading within this type of contracting volatility
[10:42:24] <+werner> indd
[10:42:26] <@wrbtrader> the type that has the long shadows
[10:42:33] <+pat255> guess big moves are over for the AM
[10:42:34] <+werner> bbl
[10:44:36] <@wrbtrader> Covered all Emini TF Short @ 835.80 --> + 1.5
[10:45:12] <+pat255> L tf 835.4 paper
[10:45:40] <+werner> Long NQ @ 2383.00
[10:47:04] <+pat255> out b/e
[10:47:35] <+werner> Exited all NQ Long @ 2382.00 --> - 1
[10:49:18] <+werner> Long NQ @ 2283.00
[10:50:53] <+werner> Exited all NQ Long @ 2382.50 --> + 99.5
[10:51:04] <+werner> mmm
[10:51:35] <+Sambeano> yeah!
[10:51:36] <+werner> Long NQ @ 2383.00
[10:51:59] <+werner> Exited all NQ Long @ 2382.50 --> - 0.5
[10:52:11] <+werner> thats it
[10:54:02] <+Sambeano> like I said, I'm rarely right....
[10:54:40] <+werner> had longs here but to fast to post
[10:54:50] <+werner> bbl
[11:00:38] <+pat255> N inyour opinionTF NQ etc will follow ES moves?
[11:01:05] <+pat255> eventually ..or you just look at GC CL etc for bias
[11:01:34] <+Sambeano> TF doesn
[11:01:57] <+Sambeano> TF doesn't follow ES, my experience
[11:02:06] <+pat255> k ty
[11:02:08] <+Sambeano> FWIW Pat
[11:03:46] <+Sambeano> BTW watching channels NQ,ES,TF,YM all basically in tandem, showing break up....pls don't trade on this
[11:04:03] <+Sambeano> notice I'm yapping but not trading
[11:04:14] <+pat255> k
[11:04:23] <+Sambeano> but interesting watching these channels
[11:04:30] <@wrbtrader> [11:00:38] <+pat255> N inyour opinionTF NQ etc will follow ES moves?
[11:04:48] <@wrbtrader> Pat...I NEVER use price action like that.
[11:05:02] <+Sambeano> now breaking upper line TF
[11:05:11] <+pat255> k thks
[11:05:21] <+Sambeano> ES flirting
[11:05:34] <@wrbtrader> I know for a fact that every minute, few minutes, hour or week...price action leaders change "constantly".
[11:05:37] <+Sambeano> NQ flirting
[11:05:54] <+pat255> k makes sense
[11:06:29] <@wrbtrader> Simply, one minute NQ may be leading, next minute TF may be leading, next minute DAX may be leading, next minute ES may be leading, next minute FTSE100 may be leading...
[11:06:39] <@wrbtrader> It's constantly changing.
[11:06:51] <Time4now> long small 836
[11:13:30] <+Sambeano> TF, ES, NQ hv breached their channels, only YM flrts
[11:13:47] <+Sambeano> now YM has penetrated
[11:14:38] <+Sambeano> I made target early so just yapping
[11:16:07] <+Sambeano> but if trading wud based price action....the channels are interesting but.....
[11:19:10] <+Sambeano> YM not convinced, TF,NQ,ES well outside now
[11:20:32] <+Sambeano> OK, it appears YM has joined the party
[11:29:45] <Time4now> :)
[11:29:54] <+Time4now> exit 841.9
[11:32:01] <+Time4now> that's the best run i've had for 1 contract
[11:32:12] <+Time4now> almost didnt happen
[11:32:21] <+Sambeano> v nice trade!
[11:33:01] <+Time4now> thanks
[11:33:19] <+Sambeano> v gud entry
[11:33:34] <+Time4now> actually i missed the first entry
[11:33:35] <+Sambeano> I saw it in price action and
[11:33:51] <+Time4now> thus only used 1 contract on a higher time frame
[11:34:01] <+werner> Shorts NQ @ 2394.00
[11:34:08] <+Sambeano> the regression channel penetration
[11:36:17] <+werner> Shorts NQ @ 2393.00 -> Add
[11:39:23] <+werner> Covered all NQ Short @ 2393.00 --> + 1
[11:41:08] <+werner> Shorts NQ @ 2394.00
[11:44:46] <+werner> Shorts NQ @ 2393.00 -> Add
[11:48:05] <+werner> Covered all NQ Short @ 2391.75 --> + 3.5
[11:51:12] <+werner> Shorts NQ @ 2393.50
[11:51:40] <+werner> ow thats a long
[11:52:04] <+werner> Covered all NQ Short @ 2393.50 --> 0
[11:52:21] <+werner> Long NQ @ 2393.50
[11:54:10] <AndyES> Shorts TF @ 845.0 «« scalp »»
[11:54:23] <+werner> Exited all NQ Long @ 2393.50 --> 0
[11:54:30] <+werner> bbl
[11:56:26] <+AndyES> Covered 2/3 TF Short @ 844.2 --> + 0.8 «« scalp »»
[11:57:52] <+AndyES> Covered Remainder TF Short @ 843.3 --> + 1.7 «« scalp »»
[11:58:22] <+Sambeano> TF,NQ,YM,ES all outside the up channel heading dwn
[12:07:50] <@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
[12:09:28] <+Sambeano> ES,YM, NQ gave price action (to me) short sig awhile ago but not TF
[12:12:54] <+werner> Long NQ @ 2390.50
[12:16:17] <+werner> Exited all NQ Long @ 2389.00 --> - 1.5
[12:18:38] <+werner> Long NQ @ 2390.00
[12:20:01] <+werner> better sit on my hands
[12:23:11] <+werner> Exited all NQ Long @ 2391..50 --> + 2391..50 - 2390.00
[12:23:31] <+werner> Exited all NQ Long @ 2391.50 --> + 1.5
[12:23:36] <+Sambeano> YM,ES out headin up, NQ flrts....TF????
[12:23:37] <+werner> k
[12:23:50] <+werner> bbl
[12:24:20] <+AndyES> Shorts TF @ 844.1 «« scalp »»
[12:25:55] <+AndyES> Covered all TF Short @ 844.2 --> - 0.1 «« scalp »»
[12:26:02] <+AndyES> that pa was too weird for me
[12:30:51] <+Sambeano> YM going for it, TF?
[12:52:35] <+Sambeano> NQ, ES, YM flirting with weak resistance
[12:59:56] <+Sambeano> YM,NQ,ES, breaking through
[13:30:19] <+Time4now> short small 847.9 paper
[13:32:37] <+Time4now> exit 847.8
[13:37:50] <@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
[14:24:15] <+werner> Shorts NQ @ 2402.50
[14:30:58] <+werner> Shorts NQ @ 2401.75 -> Add
[14:32:44] <+werner> Covered all NQ Short @ 2402.50 --> - 0.75
[14:35:44] <pat255> what a turn around...
[14:37:48] <+werner> Long NQ @ 2404.50
[14:40:50] <+werner> Exited all NQ Long @ 2403.00 --> - 1.5
[14:42:53] <+werner> Long NQ @ 2404.50
[15:03:35] <@wrbtrader> Long Emini TF @ 844.80 -> small size
[15:03:39] <@wrbtrader> 2 contracts
[15:04:51] <@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
[15:09:20] <@wrbtrader> Exited all Emini TF Long @ 846.10 --> + 1.3
[15:14:20] <@wrbtrader> Another investment fraud caught...this one has a funny twist...the guy is also a online preacher and hip hop promoter
[15:14:28] <@wrbtrader> Story @ http://www.reuters.com/article/2011/05/ ... W020110512
[15:20:17] <Time4now> possible creeper grind
[15:21:01] <@wrbtrader> Anybody in here have an Android and have done "video calls" with it ???
[15:24:24] <+Time4now> my goodness
[15:24:39] <+Time4now> not one trade after the am session has given me an entry
[15:24:54] <+Time4now> would have had to chase all of them
[15:32:14] <ajax-Soc> not here wrb....am old school string & can :))
[15:38:20] <+werner> Long NQ @ 2404.50
[15:40:50] <+werner> Exited all NQ Long @ 2405.00 --> + 0.5
[15:41:33] <+werner> Shorts NQ @ 2404.25
[15:43:40] * Time4now2 is now known as Time4now
[15:44:12] <+werner> Covered NQ Short @ 2405.00 --> - 0.75
[15:44:12] <+werner> Reverse and Enter Long NQ @ 2405.00
[15:45:31] <@wrbtrader> 4pm est rush hour traffic around the corner
[15:45:55] <+pat255> N me neither ..use device for basic useage
[15:46:03] <+werner> tx :)
[15:47:11] <Time4now> 42 contracts went long at 846
[15:47:44] <+Time4now> looks like adding at 845.5
[15:49:51] <+werner> Long NQ @ 2406.00 -> Add
[15:55:28] <+werner> Exited all NQ Long @ 2403.50 --> - 4
[16:00:18] <+Time4now> close didnt look like much
[16:00:49] <@wrbtrader> no volatility into that 4pm close :(
[16:00:57] <@wrbtrader> pathetic
[16:01:27] <+ajax-Soc> L2405.5, +1, +3out
[16:01:50] <+Time4now> gn all
[16:07:12] <Warbucks> gn all
[16:10:33] <+werner> gn all
[16:34:51] <@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
[16:40:03] <@wrbtrader> Take care all and see all tomorrow
[16:40:10] * wrbtrader is now known as wrbtrader_away
Session Close: Thu May 12 17:02:27 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:

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)
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