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 Post subject: May 24th Tuesday - Futures, ETFs and Forex Currencies
 Post Posted: Tue May 24, 2011 1:48 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:
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click on the above image to view today's price action of key markets

Session Start: Tue May 24 07:00:22 2011
Session Ident: #FuturesTrades
[07:00:22] * Now talking in #FuturesTrades
[07:00:22] <@X> [NihabaAshi] chat room archives @ viewforum.php?f=20
[07:17:53] <@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
[08:44:53] <@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
[09:23:28] <@wrbtrader> Good morning all
[09:24:17] <drt> gm
[09:25:32] <oNix> gm
[09:25:43] <+oNix> gm
[09:26:39] <+Warbucks> gm all
[09:31:03] <Trendtrader> Long TF @ 815.5 «« simulator »»
[09:39:00] <elf2> rut/ndx lagging the spx again
[09:40:11] <+elf2> iwm needs 81.87, then 82.17
[09:43:07] <@wrbtrader> Shorts Emini TF @ 814.60 -> large size
[09:43:08] <+Trendtrader> Exited all TF Long @ 813.9 --> - 1.6 «« simulator »»
[09:43:17] <+Trendtrader> Shorts TF @ 813.9 «« simulator »»
[09:43:42] <@wrbtrader> support failure @ 815 area
[09:44:46] <@wrbtrader> 6 contracts
[09:45:08] <@wrbtrader> deeper in the regular session gap
[09:45:14] <+esmall> 13.5 support
[09:45:53] <+esmall> prior close
[09:46:53] <@wrbtrader> Covered all Emini TF Short @ 814.40 --> + 0.2
[09:50:01] <@wrbtrader> lots of long shadows...increasing volatility with chop
[09:52:37] <@wrbtrader> Key Market Event alert - 10am est New Home Sales report and Richmond Fed Manu
[09:55:14] <@wrbtrader> Long Emini TF @ 816.00 -> large size
[09:55:51] <@wrbtrader> increasing volatility
[09:56:06] <@wrbtrader> hopefully I can hold this one with the poor entry
[09:56:18] <@wrbtrader> 6 contracts
[09:58:24] <+Trendtrader> Shorts TF @ 816.2 -> Add «« simulator »»
[10:01:56] <+elf2> new home sales 323K est 300K
[10:02:21] <@wrbtrader> trailing @ profit
[10:03:42] <@wrbtrader> Exited all Emini TF Long @ 816.80 --> + 0.8
[10:05:01] <@wrbtrader> Shorts Emini TF @ 816.00 -> medium size
[10:05:08] <@wrbtrader> 4 contracts
[10:08:16] <@wrbtrader> Covered all Emini TF Short @ 816.80 --> - 0.8
[10:10:11] <@wrbtrader> range developing too early
[10:10:18] <@wrbtrader> warning sign
[10:10:38] <@wrbtrader> choppy volatility spikes within the range
[10:11:11] <+elf2> be nice if the rut could actually hit yest swing hi
[10:11:39] <+elf2> spx has made a hi'er hi
[10:12:42] <@wrbtrader> Long Emini TF @ 817.70 -> small size
[10:12:47] <@wrbtrader> 3 contracts
[10:13:00] <@wrbtrader> creeper price movement
[10:13:16] <@wrbtrader> if volatility drops...it'll continue creeping higher
[10:14:27] <@wrbtrader> volatility declining
[10:14:54] <@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
[10:16:51] <@wrbtrader> Exited all Emini TF Long @ 818.00 --> + 0.3
[10:17:43] <@wrbtrader> Nasdaq still a tight trading range
[10:18:09] <@wrbtrader> same with the Dow
[10:20:58] <Hoff> dow either coiling or sleeping
[10:32:04] <+elf2> ndx looking like it wants to retest 2306
[10:40:28] <@wrbtrader> Nasdaq finally broke out of it's range to the downside
[10:51:30] <@wrbtrader> lots of contraction at this new support...a weak support
[10:52:55] <+Trendtrader> just got back from mtg.
[10:53:05] <+Trendtrader> Covered all TF Short @ 814.2 --> + 1.7 «« simulator »»
[10:53:17] <+Trendtrader> and have to go to another...
[10:56:57] <Fleneer> possible double bottom ES at 1316.00
[10:57:09] <@wrbtrader> Shorts Emini TF @ 812.20 -> small size
[10:59:51] <@wrbtrader> geeesh :(
[11:00:35] <@wrbtrader> Covered all Emini TF Short @ 811.90 --> + 0.3
[11:00:54] <@wrbtrader> only getting ticks today :(
[11:02:13] <Sidhartha> TF rejected price below it's monthly low... for now
[11:09:12] <@wrbtrader> Not much happening with Forex currencies today except for GBPUSD
[11:32:04] <@wrbtrader> Long Emini TF @ 812.70 -> small size
[11:32:09] <@wrbtrader> 1 contract
[11:41:09] <@wrbtrader> Exited Emini TF Long @ 812.10 --> - 0.6
[11:44:54] <@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
[11:46:05] <@wrbtrader> Long Emini TF @ 811.90 -> small size
[11:46:09] <@wrbtrader> 3 contracts
[11:48:27] <@wrbtrader> Exited all Emini TF Long @ 811.30 --> - 0.6
[11:50:07] <@wrbtrader> Long Emini TF @ 810.60 -> medium size
[11:50:12] <@wrbtrader> 4 contracts
[11:50:24] <@wrbtrader> same trade
[11:52:36] <@wrbtrader> hammering again at another support :(
[11:57:48] <@wrbtrader> Exited all Emini TF Long @ 810.70 --> + 0.1
[12:17:53] <+esmall> test
[13:04:45] <@wrbtrader> range bound since 12noon est
[13:06:18] <Time4now> long small 810.9
[13:09:35] <+Time4now> exit 810.6
[13:14:55] <@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
[13:26:08] <@wrbtrader> Long Emini TF @ 809.20 -> small size
[13:26:13] <@wrbtrader> 3 contracts
[13:29:04] <+esmall> no real bottom yet
[13:29:29] <@wrbtrader> weak support developing
[13:30:27] <+esmall> watching es for 1311.25 low from yest
[13:31:02] <+Sidhartha> ES low 1310.75 yesterday
[13:32:43] <@wrbtrader> Exited all Emini TF Long @ 808.70 --> - 0.5
[13:33:50] <@wrbtrader> Shorts Emini TF @ 808.40 -> small size
[13:34:00] <@wrbtrader> 3 contracts
[13:42:58] <@wrbtrader> Covered all Emini TF Short @ 808.80 --> - 0.4
[14:13:16] <Sambeano> greets all
[14:13:38] <+Warbucks> hey Sam
[14:13:45] <+Sambeano> hey
[14:14:03] <+Sambeano> another Dr day
[14:14:25] <+Sambeano> looks like some nice opps earlier
[14:14:40] <+Sambeano> how's it treating u Warbucks?
[14:15:19] <+Warbucks> not too shabby Sam... hope all is well with you
[14:15:32] <+Sambeano> it's all good!
[14:15:41] <+Warbucks> good to hear!
[14:21:11] <+Sambeano> I see counter move last hour, NQ gave nice lng signal(to me) but not here(sniff)...
[14:29:31] <+Sambeano> IB just advised due to recent spike in volatility of some commodity products they will be adjusting margin requirements
[14:30:47] <+Warbucks> I saw that
[14:30:57] <+Sambeano> msg was to traders of Globex, Ecbot and many others but no see Nymex
[14:31:29] <+Warbucks> I see NYMEX in the list
[14:32:08] <+Sambeano> yep just off screen, see it
[14:32:50] <+Warbucks> implement gradually.... wonder what that means?
[14:33:30] <+Sambeano> yep I don't know what they are referring to.......
[14:33:58] <+Sambeano> however, I remember a similar message before the bank crisis a few years ago...
[14:34:25] <+Sambeano> the markets started making big moves for 4 or 5 months
[14:34:54] <+Sambeano> many great trading days
[14:34:58] <+Sambeano> remember?
[14:35:31] <+Warbucks> didnt they do that with oil futures recently?
[14:35:55] <+Warbucks> or gold?
[14:36:04] <+Sambeano> don't know, wrbtrader?
[14:36:07] <+Warbucks> maybe it was gold
[14:36:26] <+Time4now> silver
[14:36:56] <+Sambeano> silver rings a bell
[14:37:11] <+Warbucks> thats right
[14:43:06] <@wrbtrader> volatility contraction in the Emini futures and Oil CL futures
[14:44:55] <@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
[14:45:11] <Dominic> test
[14:50:29] <+Sambeano> shrt NQ 2307.00 10C
[14:51:19] <+Sambeano> stp 2309.25
[14:55:10] <+Time4now> long med 811.3
[14:57:07] <+Time4now> exit half 811.8
[15:02:48] <+Sambeano> stpd -2.5
[15:03:20] <@wrbtrader> Long Emini TF @ 812.00 -> small size
[15:03:27] <@wrbtrader> 2 contracts
[15:04:47] <+Time4now> exit rem 812.8
[15:06:23] <@wrbtrader> Exited all Emini TF Long @ 812.60 --> + 0.6
[15:09:19] <@wrbtrader> Long Emini TF @ 812.70 -> small size
[15:09:25] <@wrbtrader> 3 contracts
[15:09:29] <@wrbtrader> intuition
[15:10:37] <+Sidhartha> not easy today!
[15:11:15] <+Sidhartha> Oil really seems to be bossing these markets right now
[15:11:34] <+esmall> all the coomity
[15:11:43] <+esmall> comodities
[15:11:56] <+esmall> goldman called a buy last night
[15:11:56] <@wrbtrader> yeah...it's been tough
[15:12:11] <@wrbtrader> a lot of contraction today on creeper price action
[15:12:17] <+Sambeano> shrt NQ 2308.5 10C
[15:13:48] <@wrbtrader> Long Emini TF @ 812.50 -> Add
[15:14:42] <@wrbtrader> 2 add
[15:16:01] <+Sidhartha> lots of shadows and stop running going on
[15:16:27] <+Sidhartha> one minute you can be a point up... next your stopped out
[15:16:46] <@wrbtrader> Yeah...I've gotten picked pocked on about 1/3 of my trades today
[15:17:18] <@wrbtrader> current trade not looking good
[15:17:27] <@wrbtrader> tightning stop/loss
[15:19:19] <+Sambeano> out 2309.75 -1.25
[15:19:41] <+Sambeano> bad juju
[15:24:54] <+Time4now> short med 813.5
[15:29:54] <+Time4now> exit 1/2 813.2
[15:30:54] <+Time4now> er 813.4
[15:32:45] <@wrbtrader> Exited all Emini TF Long @ 813.00 --> + 0.8
[15:34:33] * Time4now is now known as t4n
[15:34:43] * t4n is now known as t4n_away
[15:35:33] <@wrbtrader> Shorts Emini TF @ 812.80 -> small size
[15:35:40] <@wrbtrader> 2 contracts
[15:38:24] <Dominic> .
[15:44:21] <+esmall> you holding
[15:45:17] <@wrbtrader> weak support developing
[15:45:28] <@wrbtrader> trailing @ profit
[15:45:47] <@wrbtrader> Covered all Emini TF Short @ 811.60 --> + 1.2
[15:50:44] <+esmall> still going
[15:51:23] <+Sambeano> I try to short twce and fail then go to the store and it drops!!!
[15:52:51] <+esmall> gotta wait for the turn
[15:53:02] <@wrbtrader> tough price to trade today...very little follow through especially when volatility contraction was showing up consistently
[15:53:22] <@wrbtrader> now we have volatility expansion heading into the 4pm est rush hour traffic
[15:53:37] <+esmall> big down candle
[15:54:08] <@wrbtrader> S&P and Dow still within the range of that volatility contraction even though volatility is currently increasing
[15:59:40] <@wrbtrader> weak support area
[16:01:48] <+esmall> bomb could hit
[16:04:23] <+esmall> A “manipulative” scheme that made unlawful profits on the price of crude oil was flagged in a complaint Tuesday by the Commodity Futures Trading Commission, a sign that the regulator is cracking down on potential speculation in energy markets.
[16:04:37] <+esmall> Back in April of 08
[16:04:51] <+esmall> charges today
[16:11:56] <@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
[16:13:06] <+Sambeano> suing? http://www.nytimes.com/2011/05/25/busin ... 25oil.html
[16:14:28] <+Sambeano> this just sounds weird to me
[16:14:43] <+Sambeano> I'm not agreeing with the perps
[16:15:05] <+Sambeano> it's just I'm wondering exactly what laws they broke?
[16:16:23] <+esmall> IDN
[16:16:26] <+Sambeano> unlawful profits?
[16:17:04] <+Hoff> if they can prove manipulation, that will be enough, Mortimer :)
[16:19:42] <+Sambeano> I'm ignorant of the law.....It was not until later in the year, after the defendants had ceased their reported actions, that oil prices soared even higher — reaching $145 in July 2008. By the end of the year, prices had fallen back to around $44. Currently, W.T.I. is around $100.
[16:20:04] <+Sambeano> they weren't responsible for the rise?
[16:20:11] <+Sambeano> very confusing
[16:20:49] <+Sambeano> Hi Hoff
[16:21:04] <+Hoff> Hi Sam
[16:21:49] <+Sambeano> I guess I suspect that around markets there is always manipulation
[16:22:07] <+Hoff> yeah no kidding :)
[16:22:22] <+Sambeano> I guess it's the difference between the legal kind and illegal kind
[16:22:23] <+Hoff> its that prove it thing that gets in the way
[16:22:30] <+Sambeano> yessir
[16:22:55] <+Sambeano> like said, I just wonder exactly what it is they violated, ya know?
[16:23:11] <+Hoff> and I suspect that it will be very hard to get a jury to agree with the prosicution
[16:23:34] <+Sambeano> yeah, interesting.....
[16:23:44] <+Sambeano> another opera to watch.....
[16:24:17] <+Hoff> but in the mean time, it will be expensive and time consuming and probably serve as an example to other traders with this bright idea :)
[16:24:31] <+Sambeano> yep
[16:24:44] <+Sambeano> and it is societal(Sic)
[16:24:59] <+Sambeano> I mean the world, our world is morphing
[16:25:04] <+Sambeano> this part of it
[16:25:12] <+Sambeano> hope good comes.....
[16:25:22] <+Hoff> dishonesty seems to be getting refined at this time
[16:25:39] <+Sambeano> always my friend, always
[16:25:39] <+Hoff> a true art form
[16:26:02] <+Sambeano> but ur honest right? honest j?
[16:26:33] <+Hoff> ahhhh, mostly :)
[16:26:42] <+Sambeano> hehehe....
[16:26:50] <+Sambeano> how was trading today?
[16:28:00] <+Sambeano> I missed morn then made to proper trades, got stped both but they were proper, according to plan, can't be against that
[16:28:07] <+Hoff> I've gon back onto a simulator, and on that I had a great day
[16:28:15] <+Sambeano> that's two proper trades
[16:28:31] <+Sambeano> gud for U John, well I'm out
[16:28:39] <+Sambeano> see ya in the morn
[16:28:46] <+Sambeano> bright and early!!
[16:28:50] <+Hoff> no thats a good day sam, not great but good none the less
[16:29:08] <+Sambeano> ya all you have to do is execute
[16:29:11] <+Hoff> see ya then
[16:29:29] <+Sambeano> hv great evening John, cheers!!
[16:29:54] <+Hoff> U2 sam
[16:30:00] <+Sambeano> :)
[16:30:02] <+Hoff> cheers
[16:46:14] * t4n_away is now known as time4now

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

#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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questions@thestrategylab.com
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