##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: Mon Jun 13 08:15:25 2011
Session Ident: #FuturesTrades
[08:15:25] * Now talking in #FuturesTrades
[08:15:25] <@X> [NihabaAshi] chat room archives @ viewforum.php?f=20
[08:38:13] <NiteWkr> Lets trade boys...I have 30 min. till bedtime (got a little YM)
[08:41:23] <+NiteWkr> Out YM +1
[08:41:43] <+NiteWkr> Out YM +1=5
[08:41:59] <+NiteWkr> Oops
[08:42:28] <+NiteWkr> Went short
[08:56:52] <+NiteWkr> Who's the best broker for futures?
[09:13:40] <+NiteWkr> Who do you guys trade with
[09:14:53] <pat255> all
[09:15:00] <+pat255> @office today
[09:22:48] <@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
[09:30:55] <Trendtrader> Long TF @ 778.7 «« simulator »»
[09:32:06] <@wrbtrader> NiteWkr...they all have advantages and disadvantages...it really depends on your needs.
[09:32:18] <@wrbtrader> Thus, a broker good for someone may not be good for you.
[09:33:19] <+NiteWkr> Thx
[09:33:45] <@wrbtrader> You really can only answer that for yourself...there are lots of websites on the net that do "broker comparisons".
[09:33:56] <+NiteWkr> K
[09:33:56] <@wrbtrader> In addition, only you know what needs you have.
[09:34:30] <+Trendtrader> Exited 1/2 TF Long @ 779.7 --> + 1 «« simulator »»
[09:34:41] <@wrbtrader> For example, if you're using certain type of program strategies or auto trading...some brokers aren't suitable for such whereas others are.
[09:34:55] <+NiteWkr> Want low cost and gunslinger executions
[09:35:33] <@wrbtrader> You're going to need a decent account size for such
[09:35:41] <Tigerman> Long TF @ 779.8 «« simulator »»
[09:35:45] <+Tigerman> intuition
[09:35:45] <+NiteWkr> Really
[09:35:53] <@wrbtrader> Yep
[09:35:54] <+Tigerman> btw good morning all
[09:36:01] <+NiteWkr> GM!
[09:36:17] <+Tigerman> Exited 1/2 TF Long @ 780.6 --> + 0.8 «« simulator »»
[09:36:19] <+Trendtrader> Exited Remainder TF Long @ 780.7 --> + 2 «« simulator »»
[09:37:27] <+Tigerman> Exited Remainder TF Long @ 781 --> + 1.2 «« simulator »»
[09:37:41] <+Tigerman> I am on sept contract
[09:38:25] <+Tigerman> what I noted while US furures have already switch on sept future by volume
[09:38:57] <+Tigerman> on DAX for example we have big volume on the same day of roll over
[09:39:56] <+pat255> long tails on 2m TF
[09:42:59] <+Tigerman> I am curious to see what happen @ this resistence
[09:46:08] <+Tigerman> Shorts TF @ 781.6 «« simulator »»
[09:46:50] <+Trendtrader> Shorts TF @ 781 «« simulator »»
[09:46:50] <+Tigerman> Covered 1/2 TF Short @ 781.3 --> + 0.3 «« simulator »»
[09:49:41] <+pat255> L 81.2 paper
[09:50:33] <+Tigerman> price have hard times to fall down
[09:50:39] <Sambeano> all
[09:50:50] <+Tigerman> hi sam
[09:51:08] <+Sambeano> hey!
[09:51:19] <+Trendtrader> agreed, don't want to break
[09:51:59] <+pat255> out -4 ticks
[09:52:09] <+Tigerman> very easy no have patience and exit here
[09:52:22] <+Trendtrader> exit stop moved to breakeven TF @ 781 «« simulator »»
[09:52:30] <+Tigerman> but I plan for a more gain than a couple of ticks
[09:52:47] <+Trendtrader> Covered 1/2 TF Short @ 780 --> + 1 «« simulator »»
[09:52:55] <+Tigerman> ok thay listen me
[09:53:26] <+Trendtrader>
[09:54:39] <+Tigerman> Covered Remainder TF Short @ 780.3 --> + 1.3 «« simulator »»
[09:54:46] <+pat255> S 80.5 papaer
[09:54:49] <+pat255> TF
[09:54:54] <+Trendtrader> Covered Remainder TF Short @ 780.8 --> + 0.2 «« simulator »»
[09:58:40] <+Tigerman> Shorts TF @ 780.9 «« simulator »»
[09:59:28] <+Tigerman> Covered 1/2 TF Short @ 780.9 --> 0 «« simulator »»
[09:59:56] <+Tigerman> Covered Remainder TF Short @ 781.5 --> - 0.6 «« simulator »»
[10:00:03] <+Tigerman>
[10:00:27] <+Tigerman> Shorts TF @ 781 «« simulator »»
[10:00:39] <+Tigerman> this fakes upset me
[10:01:38] <+Tigerman> Covered 1/2 TF Short @ 779.3 --> + 1.7 «« simulator »»
[10:02:03] <+Tigerman> some support nearby
[10:02:16] <@wrbtrader> Shorts Emini TF @ 782.60 -> medium size
[10:02:21] <@wrbtrader> 4 contracts
[10:03:05] <+Tigerman> Hi wrbtrader nice entry
[10:03:20] <@wrbtrader> not out of the woods yet
[10:04:25] <tamerrashdan> first time here
[10:04:25] <+Tigerman> Covered Remainder TF Short @ 779 --> + 2 «« simulator »»
[10:04:54] <+Tigerman> wrbtrader I assume you are still on june '
[10:05:05] <@wrbtrader> Covered all Emini TF Short @ 782.50 --> + 0.1
[10:05:26] <+Sambeano> the sept contract hs twice volume of june
[10:06:23] <@wrbtrader> early exit
[10:06:39] <@wrbtrader> got some frozen windows
[10:08:03] <+Tigerman> Long TF @ 778.8 «« simulator »»
[10:09:12] <+Tigerman> Exited 1/2 TF Long @ 778.6 --> - 0.2 «« simulator »»
[10:09:33] <+Tigerman> let see if the other half is in profit
[10:09:53] <+Tigerman> price in contraction
[10:10:20] <+Tigerman> I guess TF have to go up
[10:10:50] <+Tigerman> c mon a little spike up please....
[10:11:07] <+Tigerman> Exited Remainder TF Long @ 778.7 --> - 0.1 «« simulator »»
[10:11:57] <@wrbtrader> Shorts Emini TF @ 781.70 -> medium size
[10:12:03] <@wrbtrader> 4 contracts
[10:12:10] <+Tigerman> Shorts TF @ 777.5 «« simulator »»
[10:12:19] <@wrbtrader> Shorts Emini TF @ 781.30 -> Add
[10:12:27] <@wrbtrader> 2 added
[10:12:56] <@wrbtrader> intuition
[10:13:58] <+Tigerman> Covered 1/2 TF Short @ 778.4 --> - 0.9 «« simulator »»
[10:18:13] <+Tigerman> Covered Remainder TF Short @ 777.9 --> - 0.4 «« simulator »»
[10:18:30] <+Tigerman> creepy price action
[10:19:23] <@wrbtrader> Covered all Emini TF Short @ 781.70 --> - 0.4
[10:19:29] <@wrbtrader> average
[10:21:10] <+Tigerman> Long TF @ 779.4 «« simulator »»
[10:21:15] <+Tigerman> intuition
[10:21:56] <+Tigerman> wanna enter @ 778.3 TF but no have enought confidence
[10:22:12] <+Tigerman> Exited 1/2 TF Long @ 780.3 --> + 0.9 «« simulator »»
[10:22:44] <+Tigerman> Exited Remainder TF Long @ 780.1 --> + 0.7 «« simulator »»
[10:23:00] <+Tigerman> no risk on uncertain rise up
[10:27:24] <+Tigerman> Shorts TF @ 720.3 «« simulator »»
[10:27:33] <+Tigerman> small size
[10:28:05] <+Tigerman> oop type error..
[10:28:15] <+Tigerman> Shorts TF @ 780.2 «« simulator »»
[10:30:23] <+Tigerman> Covered all TF Short @ 779.5 --> + 0.7 «« simulator »»
[10:31:08] <+Tigerman> lucky exit if consider I wanna exit before @ 780.3 with samll loss
[10:33:35] <+Tigerman> I almost cry .... if waited more can get 1 point more
[10:34:01] <+Tigerman> but after the fact...is always easy see that
[10:34:22] <+Tigerman> so happy anyway :9
[10:38:03] <+Tigerman> Long TF @ 779.1 «« simulator »»
[10:38:53] <+Tigerman> Exited 1/2 TF Long @ 779.3 --> + 0.2 «« simulator »»
[10:40:50] <@wrbtrader> So far, a key future markeets stuck within a low volatility range.
[10:41:16] <+Tigerman> Exited Remainder TF Long @ 779 --> - 0.1 «« simulator »»
[10:41:18] <@wrbtrader> Not uncommon when June and September contracts trading at the same time
[10:41:24] <+Tigerman> terrible price action
[10:41:53] <@wrbtrader> Shorts Emini TF @ 781.50 -> small size
[10:41:57] <@wrbtrader> 3 contracts
[10:42:00] <@wrbtrader> support failure
[10:42:41] <+Tigerman> Shorts TF @ 777.9 «« simulator »»
[10:43:26] <+Tigerman> Covered 1/2 TF Short @ 777.5 --> + 0.4 «« simulator »»
[10:44:08] <+Tigerman> Covered Remainder TF Short @ 777.5 --> + 0.4 «« simulator »»
[10:44:23] <+Tigerman> no have patience for wait more..
[10:46:27] <@wrbtrader>
[10:46:36] <@wrbtrader> Covered all Emini TF Short @ 781.30 --> + 0.2
[10:47:21] <@wrbtrader> so far...not worth trading the first weeken after rollover.
[10:48:08] <@wrbtrader> Like I said before last week, usually this is a good week to be on a "one week vacation".
[10:48:40] <@wrbtrader> Starting later this year that's what I'll be doing...using the week after rollover as a "vacation week".
[10:49:59] <+Tigerman> thanks wrbtrader nice tip to remember
[10:52:48] <@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
[10:58:45] <@wrbtrader> Shorts Emini TF @ 779.90 -> small size
[10:59:08] <@wrbtrader> support failure
[11:02:45] <+pat255> vn N
[11:03:20] <elf2> man, the rut is weak, getting near to closing today's gap
[11:05:29] <@wrbtrader> Covered all Emini TF Short @ 779.90 --> 0
[11:05:36] <@wrbtrader> ooops
[11:05:49] <@wrbtrader> Covered all Emini TF Short @ 778.90 --> + 1
[11:06:06] <+Tigerman> nice wrbtrader
[11:06:19] <+Tigerman> I have to exit see all next time
[11:06:26] <@wrbtrader> don't think I'm going to catch any runners today
[11:06:56] <@wrbtrader> Thus, will change my strategy and go for ticks instead of points or call it quits early
[11:13:06] <Dominic> .
[11:17:12] <+Dominic> Long 1 TF @776
[11:19:39] <+Dominic> Exit TF long 776.40 +.40
[11:54:58] <+elf2> iwm 200d ema @ 77.39; rut 200d ema @ 776
[11:58:26] <@wrbtrader> So far...lower highs with lower lows.
[12:00:53] <+Dominic> Long 1 TF 774.4
[12:19:49] <@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
[12:37:57] <+elf2> maybe the rut can manage a small bounce here off the 200d ema
[13:00:13] <+elf2> vix headed for the 260d ema @ 19.96
[13:17:23] <+elf2> ndx pierced below both the 200d sma & ema
[13:28:14] <Dominic> .
[13:49:49] <@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
[14:33:51] <@wrbtrader> Shorts Emini TF @ 779.20 -> small size
[14:33:57] <@wrbtrader> 2 contracts
[14:39:16] <@wrbtrader> Covered all Emini TF Short @ 779.00 --> + 0.2
[15:19:50] <@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
[16:08:54] <@wrbtrader> A boring trading day and I don't expect the action to pick up until Wednesday or Thursday
[16:09:15] <@wrbtrader> Simply, keep the position size small until decent volatility returns.
[16:09:36] * 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 because sometimes the answers contains useful trading tips.

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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