Login    Forum    Search    FAQ



Post new topic Reply to topic Bookmark and Share  [ 1 post ] 
Author Message
 Post subject: May 23rd Monday - Futures, ETFs and Forex Currencies
 Post Posted: Mon May 23, 2011 4:49 pm 
Offline
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:
052311-Key-Price-Action-Markets.png
052311-Key-Price-Action-Markets.png [ 516.42 KiB | Viewed 269 times ]

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

Session Start: Mon May 23 08:26:35 2011
Session Ident: #FuturesTrades
[08:26:35] * Now talking in #FuturesTrades
[08:26:35] <@X> [NihabaAshi] chat room archives @ viewforum.php?f=20
[08:59:48] <@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
[09:11:18] <Sambeano> greets
[09:11:39] <Warbucks> gm Sam
[09:11:57] <+Sambeano> gm War
[09:12:13] <@wrbtrader> Good morning all
[09:12:23] <+Sambeano> how's the wx over there?
[09:12:34] <+Sambeano> gm wrbtrader
[09:12:53] <+Warbucks> may morning gray
[09:13:07] <@wrbtrader> I'm expecting "low volatility" and tight trading range in the U.S. markets today because of the holiday here in Canada. Won't be trading today in this type of price action.
[09:13:15] <+Sambeano> had big storms here, huge rain, big hail, over weekend
[09:13:26] <+Sambeano> central Texas
[09:14:38] <+Sambeano> zero US announcement day
[09:17:35] <+Sambeano> Yahoo headline oil below 98
[09:18:41] <+Sambeano> CL Ju near 97
[09:28:59] <drt> gm all
[09:31:26] <Trendtrader> Shorts TF @ 812.7 «« simulator »»
[09:31:34] <+Sambeano> interesting NQ most larger trade sizes( acc my eye) were buys at the ask...
[09:31:52] <+Trendtrader> Covered 1/2 TF Short @ 811.7 --> + 1 «« simulator »»
[09:33:05] <+Sambeano> 10 min prior to open
[09:33:23] <+Trendtrader> Covered Remainder TF Short @ 812.4 --> + 0.3 «« simulator »»
[09:40:23] <+Trendtrader> Shorts TF @ 814.5 «« simulator »»
[09:41:19] <+Trendtrader> Covered all TF Short @ 814.4 --> + 0.1 «« simulator »»
[09:42:20] <Tigerman> Shorts TF @ 815.4 «« simulator »»
[09:42:29] <+Tigerman> hi all of course
[09:44:28] <+Tigerman> Covered 1/2 TF Short @ 814.5 --> + 0.9 «« simulator »»
[09:44:54] <+Trendtrader> Shorts TF @ 814.6 «« simulator »»
[09:46:41] <+Tigerman> Covered Remainder TF Short @ 814.4 --> + 1 «« simulator »»
[09:48:47] <+Sambeano> will lng NQ print 2315.25
[09:50:51] <+Sambeano> naa weak
[09:53:14] <+Trendtrader> if 813.8 is broken on TF should at least test low of day
[09:53:39] <+Sambeano> RF says shrt 813.7
[09:53:42] <+Tigerman> price contracting now
[09:53:44] <+Sambeano> TF
[09:54:10] <+Trendtrader> Covered 1/2 TF Short @ 813.6 --> + 1 «« simulator »»
[09:54:32] <+Trendtrader> exit stop set TF @ 814.5 «« simulator »»
[09:54:55] <+Trendtrader> (but not taking chances, just the same)
[09:55:13] <+Trendtrader> Covered Remainder TF Short @ 814.5 --> + 0.1 «« simulator »»
[09:57:55] <+Sambeano> looks like were gonna run up now
[09:59:19] <+Tigerman> price is congesting after the big sell off
[09:59:35] <+Tigerman> some algoritm at work
[09:59:50] <Sidhartha> pretty awful price action to trade
[09:59:54] <+Sambeano> yep, cud be wrng but luks like a run up
[10:00:13] <+Tigerman> a difficult price action to trade
[10:00:20] <+Sambeano> stl go lng NQ 2315.25, order in place
[10:01:07] <+Sambeano> tug o war is going on, wl go when it breaks out
[10:01:23] <+Sambeano> agn suspect up but.........
[10:02:29] <+Trendtrader> I'm staying out until more price action cleans this up.
[10:06:35] <+Sambeano> could be headfake Trend, but, NQ playing the cool head, IMHO, watch NQ, prob be late but the conservative play, this am...
[10:13:28] <elf2> why doesn't Greece just tell the EU to "stick it"?
[10:18:36] <+Sidhartha> and do what? just default...?
[10:18:52] <+Trendtrader> Shorts TF @ 813.6 «« simulator »»
[10:18:58] <+Sidhartha> leave the euro...?
[10:19:28] <Tigerman3> sorry provider disconnected
[10:19:37] <+Tigerman3> whos leave euro??
[10:19:52] <+Sambeano> nw shrt NW 2304.75 10C
[10:20:00] <+Sambeano> NQ
[10:20:39] <+Sidhartha> They could, but who on earth would lend them any money in the future...? devalue their currency...? And then imports become extortionately expensive... great for a manufacturing nation. But Greece aren't a manufacturing nation... they all retire at 50!!! hardly gonna be able to compete with India & China exporting...
[10:21:18] <+Tigerman3> Ah I suppose you speak about Greece
[10:21:51] <+Sidhartha> yup
[10:22:06] <+Sidhartha> [15:14:09] <elf2> why doesn't Greece just tell the EU to "stick it"?
[10:22:27] <+Tigerman3> Interesting article on telegraph
[10:22:45] <+elf2> didn't it take a special "circumstance" for greece to join the EU?
[10:22:54] <+Tigerman3> some hidden reason why greece join euro club..
[10:23:33] <+Tigerman3> or better why euro founder let it entry knowing well the economy situation
[10:25:00] <+Sidhartha> I don't recall the circumstances...
[10:25:33] <+Sidhartha> what I do know is that they've been maxing out their credit card for many years with no plan to pay it back... and Goldman's kindly helped them do it
[10:26:11] <+elf2> last i heard Greece was paying 20% interest on its debt notes
[10:26:23] <+Tigerman3> the main problem with any country is... not good have strong currency with a no so strong economy
[10:26:24] <+Sidhartha> that's open market
[10:26:40] <+Sidhartha> they are paying the EU WAY less... like around 7% as I recall.
[10:26:58] <+Tigerman3> yep elf2 but this is for 2 years note
[10:27:40] <+Tigerman3> while last bid on 6 months as interest about rate as indicated by sid
[10:27:47] <+elf2> Greece's in a bind cause they can't print money like the usa can to leverage its debt, Greece is handcuffed by the euro
[10:28:09] <+Tigerman3> greece is already insolvent...
[10:28:33] <+Sidhartha> no one can print money like the US... advantage of having the worlds reserve currency
[10:28:42] <+Tigerman3> yes
[10:29:07] <+Sidhartha> however, you are right that the Euro is doomed to fail without greater political integration
[10:29:16] <+Tigerman3> so or EU continue to support greece
[10:29:27] <+elf2> ndx going sideways waiting for "breaking news"?
[10:29:30] <+Tigerman3> or greece crash
[10:29:40] <+Sidhartha> how different are the greek & german economies and people...? they do and want to live totally different types of life...
[10:29:48] <@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
[10:30:41] <+Tigerman3> germany have many big industry while greece no
[10:31:05] <+Sidhartha> what's the news...?
[10:31:21] <+Tigerman3> but what grow and matters now is east country with less debt and many young people
[10:32:58] <+Tigerman3> creepy low volatiliy
[10:33:07] <+Tigerman3> better exit and play tennis :)
[10:37:20] <+Trendtrader> Shorts TF @ 815.7 -> Add «« simulator »»
[10:42:54] <+Sambeano> rev 2309.75
[10:46:46] <+Trendtrader> Covered 3/4 TF Short @ 814.2 --> + 1.5 «« simulator »»
[10:47:39] <+Trendtrader> exit stop set TF @ 814.5 «« simulator »»
[10:48:25] <+Trendtrader> Covered Remainder TF Short @ 814.5 --> - 0.9 «« simulator »»
[10:55:08] <@wrbtrader> Reminder: It's a holiday in Canada...expect low volatility range conditions in the U.S. Emini Futures, Oil CL futures and Forex currencies UsdCad
[10:55:59] <@wrbtrader> reason why I'm mainly just watching today because I tend to struggle in my trading on trading days like today...statistically I've performed poorly in the past on holidays like today.

[10:57:11] <+Sidhartha> wrbtrader, you not in the other room...?
[10:57:38] <+Sidhartha> this is struggling kind of price action... needs to clear this area one way or another...
[11:08:26] <+Tigerman3> I have to exit see all next time
[11:38:34] <+elf2> well, there's the spike down i've been waiting for
[11:56:49] <@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
[12:00:45] <Time4now> long small 813.6
[12:04:59] <+Time4now> exit 812.9
[12:05:09] <+elf2> these big gaps down today are gonna be formidable to fill: the ndx 2352 - 2318; spx 1333 - 1319.50
[12:07:49] <+Time4now> long med 813.7
[12:12:16] <+Time4now> exit 812.9
[12:18:21] <+Sidhartha> this is the worst price action I've seen since last week!
[12:18:35] <+Sidhartha> we've had a couple of days the past couple of weeks that really sucked
[12:20:17] <+elf2> spx filled to gap to 1313
[12:52:23] <+elf2> aapl is the only thing that i watch that's got any UP
[12:54:28] <+Warbucks> Goldman is up today after it got slammed last week
[13:13:51] <+elf2> rut lagging the ndx
[13:26:49] <@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
[14:27:05] <+elf2> rut needs to get in gear, the ndx is moving up into its gap
[14:56:50] <@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
[15:10:01] <+Time4now> short large 817.2
[15:14:11] <+Time4now> exit 1/3 816.7
[15:17:22] <+Time4now> exit r 816.2
[15:25:07] <+elf2> anyone think we gonna get a counter move open tomorrow of today's mauling?
[15:27:48] <+Time4now> long small 816.3
[15:33:16] <+Time4now> exit 815.9
[16:23:50] <@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
[18:56:44] <esmall> wow Im in
[19:07:42] <+esmall> I am short NQ from 2314
[19:11:36] <+esmall> Im out
[19:19:42] <@wrbtrader> Hi esmall...glad you made it.
[19:20:14] <+esmall> yea
[19:20:25] <@wrbtrader> The difficult entrance I have setup is to discourage spammers and not serious traders
[19:20:33] <+esmall> agree
[19:20:51] <@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
[19:21:04] <@wrbtrader> I know you trade Hang Seng HSI futures...do you trade the ES at night too ?
[19:21:48] <+esmall> NQ or ES if action also CL which can be very active
[19:21:56] <+esmall> CL last night
[19:22:32] <+esmall> Is there a way to undock the chat from the MIRC window
[19:22:41] <@wrbtrader> Yes
[19:23:00] <@wrbtrader> Click on the little window in the upper left corner
[19:23:09] <@wrbtrader> Then click on the "Desktop"
[19:23:30] <@wrbtrader> That will undock the #FuturesTrades window away from the mIRC program
[19:23:39] <+esmall> done thanks
[19:24:17] <@wrbtrader> You can then save it via the same route so that it does it automatically every time you log in
[19:24:20] <@wrbtrader> It's what I do
[19:24:58] <+esmall> Today required the patience of god
[19:25:38] <@wrbtrader> Yeah...I posted earlier this morning prior to 0930am est that I wasn't going to trade today...
[19:25:55] <+esmall> very cool observation
[19:26:00] <@wrbtrader> Canada is on a holiday and when that happens...the U.S. markets loses a ton of volatility
[19:26:08] <+esmall> the bounces were weak
[19:26:15] <@wrbtrader> It often has these unforgiving tight trading ranges
[19:26:51] <+esmall> yes learning how to load the boat on a good range day
[19:27:56] <@wrbtrader> Usually a good range day happens when there's hype or a lot of discussions in the markets about something involving the FED
[19:27:56] <+esmall> CL just gave it up past hour and 6E is down 48 before the DX open
[19:28:29] <+esmall> hmm or options expo week
[19:28:48] <@wrbtrader> esmall...you ever trade Brent Oil futures ?
[19:28:56] <+esmall> no
[19:29:04] <+esmall> which exchange
[19:29:12] <@wrbtrader> seems to be mainly popular with the Europeans
[19:29:22] <@wrbtrader> I believe its on ICE
[19:29:25] <+esmall> yes its there oil
[19:29:45] <+esmall> NYME is fine
[19:29:53] <+esmall> 10$ a tick
[19:30:07] <+esmall> or QM 12.50 like ES
[19:30:25] <+esmall> QM is thinner
[19:31:29] <+esmall> all the bounce players got hut today untill after lunch
[19:31:33] <+esmall> hurt
[19:33:03] <+esmall> ES is at the bottom of a larger channel from May 1st
[19:33:46] <+esmall> 1310 is support 1311 next down is a test of 1290
[19:34:05] <+esmall> then 1280
[19:35:05] <+esmall> So I think we bounce tommorow with the channel bottom in but we see
[19:49:08] <@wrbtrader> I'm expecting decent volatility tomorrow after a trading day like today
[19:49:15] <@wrbtrader> in most key markets
[19:51:05] <+esmall> New Home Sales at 10:00 est and Richmond Manufacturing Index that aint gonna help lol - could get nasty - I don't see anything else news wise
[19:52:07] <+esmall> I didn't want to hold overnight but es started selling at the 6 pm open last night
[19:54:11] <+esmall> Maybe its the Volcano
[20:06:20] <+esmall> CL bounced .60
[20:10:21] <@wrbtrader> Oil CL futures, Gold GC futures and Emini ES futures counter-thrust about the same time.
[20:20:35] <+esmall> yes all trading together kinda strange it is
[20:50:52] <@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
[21:38:33] <+esmall> Hang Seng HSI futures opened at resist and sold off 90
[21:38:58] <+esmall> bounced off support 25

-------------------------

#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


Top 
 Profile E-mail  
 
Display posts from previous:  Sort by  
 
Post new topic Reply to topic Bookmark and Share  [ 1 post ] 


Who is online

Users browsing this forum: No registered users and 3 guests

 
 

 
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
cron
Translated by Xaphos © 2007, 2008, 2009 phpBB.fr