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 Post subject: July 29th Friday - Futures, ETFs and Forex Currencies
 Post Posted: Fri Jul 29, 2011 8:07 pm 
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Joined: Tue Dec 16, 2008 1:02 am
Posts: 2106
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:
072911-Key-Price-Action-Markets.png
072911-Key-Price-Action-Markets.png [ 515.53 KiB | Viewed 110 times ]

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

Session Start: Fri Jul 29 09:24:53 2011
Session Ident: #FuturesTrades
[09:24:53] * Now talking in #FuturesTrades
[09:24:53] <@X> [TheStrategyLab.com] chat room archives @ viewforum.php?f=20
[09:31:14] <drt> gm all
[09:31:19] <@wrbtrader> Good morning all
[09:31:25] <pat255> gm
[09:31:48] <Trendtrader> gm all
[09:32:43] <+pat255> Gold all time high
[09:36:06] <+Trendtrader> Shorts TF @ 784.4 «« simulator »»
[09:37:22] <+Trendtrader> Covered 1/2 TF Short @ 783.4 --> + 1 «« simulator »»
[09:40:03] <+Trendtrader> Covered Remainder TF Short @ 784.1 --> + 0.3 «« simulator »»
[09:43:08] <+Trendtrader> Shorts TF @ 783 «« simulator »»
[09:43:37] <+Trendtrader> Covered 1/2 TF Short @ 782 --> + 1 «« simulator »»
[09:43:45] <+pat255> AM Chicago PMI (prior: 61.1 cons: 61.1)
[09:45:40] <@wrbtrader> Chicago PMI out now
[09:46:24] <+Trendtrader> Covered Remainder TF Short @ 782.6 --> + 0.4 «« simulator »»
[09:49:11] <+pat255> S 83 es paper
[09:54:11] <+pat255> out -1
[10:00:56] <@wrbtrader> Shorts Emini TF @ 787.70 -> medium size
[10:01:03] <@wrbtrader> 4 contracts
[10:02:05] <@wrbtrader> trailing @ profit due to pending news
[10:04:01] <@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
[10:04:38] <@wrbtrader> Covered all Emini TF Short @ 787.50 --> + 0.2
[10:07:10] <@wrbtrader> Long Emini TF @ 788.80 -> medium size
[10:07:53] <@wrbtrader> saw something that really wasn't there...keeping the trade
[10:08:12] <+pat255> missed es entry
[10:10:00] <@wrbtrader> Exited all Emini TF Long @ 788.90 --> + 0.1
[10:10:38] <+pat255> Obama due up in a few
[10:12:22] <@wrbtrader> Shorts Emini TF @ 787.60 -> large size
[10:12:34] <@wrbtrader> 3+3
[10:12:44] <@wrbtrader> 6 contracts
[10:13:33] <+pat255> S looks dangerous but
[10:13:57] <@wrbtrader> tighten stop/loss
[10:14:23] <@wrbtrader> Covered all Emini TF Short @ 787.90 --> - 0.3
[10:15:07] <@wrbtrader> market still waiting for the Obama speech
[10:15:50] <@wrbtrader> Shorts Emini TF @ 788.00 -> large size
[10:15:57] <@wrbtrader> 3+3
[10:16:00] <@wrbtrader> 6 contracts
[10:16:06] <@wrbtrader> same trade as prior
[10:19:16] <@wrbtrader> Covered 1/2 Emini TF Short @ 786.80 --> + 1.2
[10:20:48] <@wrbtrader> Covered all Emini TF Short @ 787.50 --> + 0.5
[10:22:17] <@wrbtrader> Long Emini TF @ 789.00 -> medium size
[10:22:23] <@wrbtrader> 4 contracts
[10:22:50] <@wrbtrader> had 788 in my scope but hesitated too much
[10:24:12] <+pat255> S 89 papaer
[10:25:12] <@wrbtrader> Exited all Emini TF Long @ 788.40 --> - 0.6
[10:26:32] <@wrbtrader> 4 point range now in Emini TF
[10:26:47] <@wrbtrader> slowly getting tighter
[10:27:41] <@wrbtrader> Monday will be a BIG trading day...I'm hoping for a very volatile trading day
[10:28:52] <+pat255> ;ools ;ile
[10:29:01] <+pat255> looks like
[10:30:40] <+pat255> obama like women....they keep us waiting :)
[10:35:58] <@wrbtrader> Obama speaking now
[10:36:30] <+pat255> y
[10:38:54] <@wrbtrader> Shorts Emini TF @ 788.80 -> medium size
[10:39:05] <@wrbtrader> 4 contracts
[10:41:01] <@wrbtrader> Covered all Emini TF Short @ 788.20 --> + 0.6
[10:42:01] <@wrbtrader> Shorts Emini TF @ 787.40 -> large size
[10:42:09] <@wrbtrader> 3+3
[10:42:41] <@wrbtrader> poor entry :(
[10:44:13] <@wrbtrader> Shorts Emini TF @ 787.90 -> Add
[10:44:21] <@wrbtrader> 3 contracts add
[10:46:24] <@wrbtrader> Covered 1/3 Emini TF Short @ 787.10 --> + 0.8
[10:46:26] <+pat255> nice but news can be dangrous
[10:46:51] <@wrbtrader> or choppy or sideways
[10:48:23] <@wrbtrader> Covered Remainder Emini TF Short @ 788.20 --> - 0.8
[10:48:52] <@wrbtrader> still range bound...now approaching upper area
[10:49:13] <@wrbtrader> Long Emini TF @ 791.40 -> medium size
[10:49:23] <@wrbtrader> resistance failure
[10:49:28] <@wrbtrader> 4 contracts
[10:51:02] <@wrbtrader> haven't caught a runner so far today...
[10:51:17] <@wrbtrader> Hoping this one turns into a runner
[10:52:30] <@wrbtrader> about breakeve for the day
[10:52:55] <@wrbtrader> making this trade maybe my most important trade in terms of reaching my profit goal for the day
[10:54:33] <+pat255> vn N
[10:54:57] <@wrbtrader> Exited all Emini TF Long @ 795.60 --> + 4.2
[10:55:43] <@wrbtrader> geeesh...had I had a crystal ball...I would have only taken that ONE trade only :)
[10:57:22] <+pat255> wd N
[11:03:51] <@wrbtrader> Emini TF hit a wall on the regular session gap fill
[11:08:28] <@wrbtrader> another resistance area reached
[11:08:58] <@wrbtrader> resistance breakout
[11:24:43] <@wrbtrader> creeper uptrend now
[11:34:02] <@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
[12:58:07] <@wrbtrader> Emini TF back inside the regular gap range but near the upper price area of the gap...stable retracement on low volatility contraction...just going sideways for now.
[13:01:02] <@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
[13:07:31] <rickf> hi all
[14:05:23] <+drt> hi rickf
[14:05:45] <+rickf> ;)
[14:06:56] <Zr1Trader> There was a beautiful Bullish White Hammer 30 min chart in TF this morning. Anyone here like to trade hammers on larger timeframes?
[14:07:07] <LA> Long TF 799.30 1 contract
[14:08:04] <+rickf> not me
[14:10:11] <+LA> Sold TF 800.5 +1.1
[14:10:46] <+Zr1Trader> Heads up also , Today if we finish at near highs on TF it will have created a Bullish White Hammer on the DAILY timeframe, if that is the case I will be looking to get long on Monday.
[14:31:02] <@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
[14:36:09] <@wrbtrader> I'm back from a 3 hour lunch :)
[14:37:17] <@wrbtrader> Meant 1 1/2 lunch and no trading (relaxing) about 1 hour before the lunch
[14:37:48] <@wrbtrader> I got discourage by the low volatility price action and decided to do other things
[14:39:23] <+rickf> didnt miss much ;)
[14:43:09] <@wrbtrader> Well...last time I go to the bank (teller) on a Friday that's the last day of the month...I've never seen it crowded like that before :(
[14:43:26] <@wrbtrader> Mostly elderly people
[14:44:16] <+rickf> feels like summer of 2008
[14:45:16] <@wrbtrader> oh oh...right before the storm
[14:45:24] <+rickf> yup
[14:46:00] <+rickf> remember when CSPAN was more important than CNBC? (such that it is anyway)
[14:46:12] <@wrbtrader> Yep
[14:46:30] <+rickf> i moved a bunch of $$ from a money mkt fund to a basic bank acct today -- just to be safe in case they 'break the buck' again
[14:47:07] <+rickf> hoping the shorts i put on going into memorial day weekend indeed can pay off -- was getting worried for a while this summer
[14:55:24] <+drt> no mattress for next move?
[14:57:55] <+rickf> nope
[14:58:01] <+rickf> no guns either :)
[15:04:36] <Zr1Trader> Having internet connection issues today :(
[15:15:35] <@wrbtrader> The best WRB Hidden Gap of the day for Emini TF was the 5min chart @ 1125am est
[15:16:29] <@wrbtrader> It's the only key change in supply/demand I'm watching that's above current price levels
[15:17:12] <@wrbtrader> Below current price levels I'm watching the WRB Hidden Gap @ 1235pm est
[15:17:48] <@wrbtrader> that one is also via the 5min chart
[15:40:26] <@wrbtrader> Long Emini TF @ 795.50 -> small size
[15:40:34] <@wrbtrader> 3 contracts
[15:43:03] <@wrbtrader> Exited all Emini TF Long @ 795.60 --> + 0.1
[15:43:52] <@wrbtrader> stop loss was 794.70
[15:44:27] <@wrbtrader> didn't like what I saw on the pullback from 796 and decided to dump it
[15:45:54] <@wrbtrader> volatility spike back down into the range of that 1235pm est WRB Hidden Gap
[15:52:47] <@wrbtrader> To hold over the weekend going into Monday big Debt Ceiling day...takes balls of steal :)
[15:53:38] <@wrbtrader> Long Emini TF @ 794.80 -> small size
[15:53:51] <@wrbtrader> 3 contracts
[15:54:03] <@wrbtrader> 4pm est rush hour traffic around the corner
[15:55:22] <@wrbtrader> I'm not a swing trader today...don't have the balls of steal
[15:55:25] <@wrbtrader> :)
[15:56:15] <@wrbtrader> trailing @ profit
[15:59:20] <@wrbtrader> Exited all Emini TF Long @ 796.00 --> + 1.2
[16:01:03] <@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
[16:13:27] <@wrbtrader> volatility spike out of nowhere
[16:18:34] <@wrbtrader> Looks like it wants to test the upper price area
[16:19:19] <@wrbtrader> trade executions still coming through after 4:15pm est
[16:19:47] <@wrbtrader> Take care everybody and have a nice/safe weekend
[16:20:16] <@wrbtrader> Get some rest because Monday and Tuesday of next week should have a few fireworks display in the market
[16:20:30] * wrbtrader is now known as wrbtrader_away
Session Close: Fri Jul 29 16:59:13 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 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:

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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