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 Post subject: July 20th Wednesday - Futures, ETFs and Forex Currencies
 Post Posted: Wed Jul 20, 2011 3:53 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:
072011-Key-Price-Action-Markets.png
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click on the above image to view today's price action of key markets

Session Start: Wed Jul 20 07:57:14 2011
Session Ident: #FuturesTrades
[07:57:14] * Now talking in #FuturesTrades
[07:57:14] <@X> [NihabaAshi] chat room archives @ viewforum.php?f=20
[08:10:42] * wrbtrader is now known as wrbtrader_away
[08:15:13] <@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
[08:52:03] <pat12> gm all
[09:20:33] <+pat12> think retrace time to test breakout
[09:25:56] <@wrbtrader_away> Good morning all
[09:26:02] * wrbtrader_away is now known as wrbtrader
[09:27:38] <Tigerman> Good morning wrbtrader and all
[09:27:44] <+pat12> gm N
[09:27:48] <drt> gm
[09:30:09] <+pat12> 30.25-30.5 es area
[09:30:20] * Zr1Trader_away is now known as Zr1Trader
[09:30:38] <Zr1Trader> Morning all
[09:31:15] <Trendtrader> Shorts TF @ 831.8 «« simulator »»
[09:31:37] <+Trendtrader> Covered 1/2 TF Short @ 830.8 --> + 1 «« simulator »»
[09:32:49] <+Trendtrader> Covered Remainder TF Short @ 829.8 --> + 2 «« simulator »»
[09:33:46] <+Trendtrader> Long TF @ 830.7 «« simulator »»
[09:37:38] <+pat12> did not expect correction ..but
[09:38:14] <+Trendtrader> Long TF @ 830.1 -> Add «« simulator »»
[09:39:39] <+Zr1Trader> NQ not bouncing yet
[09:40:09] <+Zr1Trader> YM TF are a little
[09:45:14] <@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
[09:45:34] <+pat12> geez L not holding
[09:47:41] <+Tigerman> people wait for home report
[09:48:00] <+pat12> y
[09:48:39] <+Tigerman> ugly price action right now
[09:49:17] <@wrbtrader> It began its decline prior to the regular session open
[09:49:28] <+pat12> hard to take S
[09:49:32] <+pat12> y
[09:50:43] <+pat12> existing home sales in 10
[09:51:15] <@wrbtrader> Yeah...that's what I'm waiting for to shake things up more...bring in some additional volatility
[09:51:34] <+Trendtrader> Exited all TF Long @ 827.1 --> - 6.6 «« simulator »»
[09:55:17] <+Zr1Trader> Shorts Emini QM @ qm
[09:55:22] <+Zr1Trader> woops
[09:55:45] <+Zr1Trader> sorry im newbie short 98.325
[09:58:33] <+Zr1Trader> Covered all Emini QM Short @ 98.500 --> + qm - 98.500
[09:58:50] <+Tigerman> less than minute to shake up
[09:59:03] <@wrbtrader> Long Emini TF @ 827.40 -> medium size
[09:59:11] <@wrbtrader> 4 contracts
[09:59:25] <@wrbtrader> stop tighten
[09:59:52] <@wrbtrader> Exited all Emini TF Long @ 827.10 --> - 0.3
[10:00:53] <@wrbtrader> Long Emini TF @ 827.00 -> medium size
[10:01:21] <@wrbtrader> same trade as before
[10:01:42] <@wrbtrader> trailing @ profit
[10:03:33] <@wrbtrader> Exited 1/2 Emini TF Long @ 828.50 --> + 1.5
[10:04:11] <@wrbtrader> Exited Remainder Emini TF Long @ 827.80 --> + 0.8
[10:04:16] <+Tigerman> good
[10:04:38] <@wrbtrader> was good until that "pin ball machine" price action showed up :(
[10:04:55] <@wrbtrader> It quickly ate my trail
[10:05:46] <+pat12> may retest low
[10:09:19] <@wrbtrader> Expected volatility didn't show up except for some pin ball machine crappy price action
[10:10:09] <@wrbtrader> Long Emini TF @ 829.00 -> small size
[10:10:17] <@wrbtrader> 2 contracts
[10:11:59] <@wrbtrader> Exited all Emini TF Long @ 828.10 --> - 0.9
[10:12:42] <@wrbtrader> only mistake on that trade was the size...should have been 1 contract instead of 2 contracts
[10:13:12] <+pat12> gap fill good support area too?
[10:14:45] <+Zr1Trader> NQ new lows on session
[10:16:40] <@wrbtrader> Shorts Emini TF @ 826.30 -> small size
[10:17:18] <@wrbtrader> support failure in the index
[10:17:33] <@wrbtrader> volatility breakout in the VXX
[10:17:34] <+pat12> geez hard for me to S failure .
[10:17:36] <+pat12> nice N
[10:17:52] <@wrbtrader> not out of the woods
[10:19:05] <@wrbtrader> Covered all Emini TF Short @ 826.30 --> 0
[10:20:10] <@wrbtrader> Long Emini TF @ 826.80 -> medium size
[10:20:16] <@wrbtrader> average
[10:20:30] <+Zr1Trader> Long ZF 120'237 1 contract
[10:21:35] <+Trendtrader> gm all
[10:21:54] <+Zr1Trader> Trailing 120'235
[10:22:06] <@wrbtrader> support in but its fighting hard to keep it
[10:22:35] <@wrbtrader> tighten stop
[10:26:01] <+Zr1Trader> exit 1 tick loss +comish
[10:26:16] <@wrbtrader> FYI - 1030am est EIA Petroleum Status report around the corner
[10:26:52] <+pat12> y
[10:27:38] <@wrbtrader> tighten stop loss
[10:28:56] <@wrbtrader> trailing @ profit
[10:29:47] <@wrbtrader> Exited all Emini TF Long @ 827.20 --> + 0.4
[10:29:51] <+Zr1Trader> Long YM 12516 15 Min Bullish white hammer
[10:30:21] <@wrbtrader> Oil CL futures trying to make a new intraday low but now retracing into a hammer line
[10:30:43] <@wrbtrader> Long Emini TF @ 827.80 -> medium size
[10:30:59] <@wrbtrader> chasing my prior trade
[10:31:10] <@wrbtrader> re-entry
[10:32:14] <+pat12> bullish bar on es 5m
[10:34:34] <@wrbtrader> trailing @ profit
[10:35:14] <@wrbtrader> price action currently stuck within the range or a recent WRB Hidden Gap on the 2min chart
[10:36:35] <@wrbtrader> Exited all Emini TF Long @ 828.40 --> + 0.6
[10:36:58] <@wrbtrader> didn't get a runner again
[10:37:33] <+pat12> oil back to lower side
[10:38:38] <@wrbtrader> creeper price action just showed up and after I dumped the trade :(
[10:39:13] <@wrbtrader> I'm sidelined until the price action leaves the range of this WRB Hidden GAP
[10:39:14] <+pat12> need pb
[10:47:30] <+Tigerman> Shorts TF @ 828.7
[10:48:36] <+Tigerman> Covered 1/2 TF Short @ 828.3 --> + 0.4
[10:50:02] <+Zr1Trader> Long6b 1.6112 15 min Bullish white hammer
[10:51:38] <+Tigerman> Covered Remainder TF Short @ 827.9 --> + 0.8
[10:54:22] <+pat12> vn
[10:55:15] <+Tigerman> thanks
[10:56:49] <+Zr1Trader> Exit 6b 6.121 +9 pip
[11:07:30] <@wrbtrader> Key markets flat lining now (going sideways on low volatility)
[11:12:14] <@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
[11:13:18] <+Zr1Trader> Gold and silver strong from about 9am est to now
[11:16:26] <+Zr1Trader> Trailing YM stop to BE +1 tick 12517
[11:17:41] <+Tigerman> I exit see all next time
[11:21:26] <@wrbtrader> lowering my position size due to the persistent low volatility and contraction volatility price action
[11:22:32] <+pat12> this is tuff to trade last hour
[11:25:46] <relizer> not the mkt I was looking for after being away for a few days.
[11:31:21] <+Zr1Trader> Exit YM 12517 +1 tick Taking a break
[11:31:36] * Zr1Trader is now known as Zr1Trader_away
[11:42:58] * Zr1Trader_away is now known as Zr1trader
[11:43:22] <Time4now> short medium 827.6
[11:49:53] <+Time4now> exit half 826.6
[11:50:02] <+Time4now> exit remainder 826.3
[11:53:18] <+pat12> vn
[11:54:21] <+Time4now> it could have stayed low vol
[11:54:24] <+Time4now> thankfully it didnt
[11:59:34] <+Zr1trader> NQ at session lows again
[12:04:33] <@wrbtrader> Long Emini TF @ 826.80 -> small size
[12:04:43] <@wrbtrader> 2 contracts
[12:10:00] <@wrbtrader> Exited Emini TF Long @ 826.40 --> - 0.4
[12:10:00] <@wrbtrader> Reverse and Enter Short Emini TF @ 826.40
[12:10:34] <@wrbtrader> geeesh :(
[12:11:34] <@wrbtrader> Covered all Emini TF Short @ 826.80 --> - 0.4
[12:11:53] <@wrbtrader> 5 tick range right now
[12:13:53] <@wrbtrader> Long Emini TF @ 827.00 -> medium size
[12:14:01] <@wrbtrader> 4 contracts
[12:15:19] <@wrbtrader> increasing volatility but now its struggling
[12:15:36] <@wrbtrader> tightning stop loss
[12:17:26] <@wrbtrader> NQ a pain in the butt right now
[12:20:00] <@wrbtrader> Exited all Emini TF Long @ 827.00 --> 0
[12:20:13] <@wrbtrader> NQ breaking support
[12:22:01] <+Zr1trader> I think NQ leads es more often than not. In fact the other day I was reading about a guy named Rickey Cheung who has based a method off of this for years . He has a top ten spot for performance in futures truth magazine so I think it has some credit.
[12:22:54] <@wrbtrader> TF range expanded a few ticks to 1 point
[12:23:05] <@wrbtrader> still not much room to have trades breath
[12:24:33] <@wrbtrader> Long Emini TF @ 826.80 -> medium size
[12:24:40] <@wrbtrader> 3+1
[12:24:48] <@wrbtrader> same trade as before
[12:25:01] <@wrbtrader> chasing the residual price action of it
[12:27:34] <@wrbtrader> Emini TF still can't stay above that range of the prior WRB Hidden GAP on the 2min chasrt
[12:27:49] <@wrbtrader> It's open @ 827
[12:28:21] <@wrbtrader> that'll be the location of my next stop adjustment
[12:30:57] <@wrbtrader> Exited all Emini TF Long @ 827.00 --> + 0.2
[12:31:28] <@wrbtrader> lunch time for me...be back later
[12:31:34] * wrbtrader is now known as wrbtrader_away
[12:40:42] <+Zr1trader> Long Emini ES @ 826.3 -> medium size
[12:40:50] <+Zr1trader> 3 Contracts
[12:41:00] <+Zr1trader> TF not ES
[12:42:15] <@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
[12:45:49] <+Zr1trader> Exited 1/3 Emini ES Long @ 826/7 --> + 826/7 - 826.3
[12:45:58] <+Zr1trader> TF
[12:47:15] <+Zr1trader> Exited 1/3 Emini ES Long @ 827.1 --> + 0.8
[12:47:50] <+Zr1trader> Remaining contract stop moved BE+1 tick
[13:05:25] <+Zr1trader> Exited Remainder Emini ES Long @ 827.7 --> + 1.4
[13:57:58] <+Zr1trader> Short YM 12540 4 contracts
[14:03:37] <+Zr1trader> Exit all 12545
[14:05:45] <+Zr1trader> Short YM 4 contracts 12542
[14:09:15] <@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
[14:13:45] <+Zr1trader> exit 1 12541
[14:18:35] <+Zr1trader> tightning stop on remainder 12547
[14:20:30] <+Zr1trader> Remainder exited
[14:20:53] * wrbtrader_away is now known as wrbtrader
[14:23:31] <+Time4now> would you say shorts are dangerous right now Mark?
[14:23:43] <+Time4now> given the uptrend
[14:30:46] <+Time4now> that kept me out of my short
[14:31:23] <+Zr1trader> 2mn FVB short on YM just occured i believe
[14:33:35] <+Zr1trader> Just sat there and watched it like a deer in headlights though lol
[14:33:54] <+Zr1trader> Not trading those live for another 30 days when I'm more familiar
[14:33:56] <+Zr1trader> with them
[14:35:38] <@wrbtrader> [14:23:31] <+Time4now> would you say shorts are dangerous right now Mark?
[14:36:56] <@wrbtrader> This is what I call "creeper price action"...
[14:37:31] <@wrbtrader> low volatility, contracting volitility while price is rising...very slowly and controlled.
[14:37:57] <@wrbtrader> That is NOT a short opportunity as stated in prior discussions.
[14:38:17] <@wrbtrader> In contrast, I IGNORE my Short signals and look for intuition Long signals.
[14:38:39] <@wrbtrader> Vice versa in low volatility, contracting volatility when prices are declining
[14:39:42] <@wrbtrader> The pullbacks or retracements in these types of "creeper price actions" are very shallow...that's another clue of the creeper price action.
[14:41:01] <@wrbtrader> I'm looking closely now...looks like that creeper price action started around 1:20pm est
[14:44:27] <+Zr1trader> Mark, for the sake of dscussion is the YM on 15 min considered a FVB signal ?
[14:45:31] <Time4now> well, charts are down. Now I wont be tempted to lose my gains.
[14:53:38] <@wrbtrader> Zr1...yes but not via the free resources
[14:54:05] <+Zr1trader> ok
[14:54:12] <@wrbtrader> I'm looking at the all session chart...not regular session chart
[15:06:22] * Zr1trader is now known as Zr1Trader_Away
[15:13:07] <@wrbtrader> Emini TF retraced that recent price drop
[15:30:17] <@wrbtrader> Shorts Emini TF @ 829.90 -> small size
[15:30:26] <@wrbtrader> 1 contract
[15:36:24] <@wrbtrader> Covered Emini TF Short @ 830.60 --> - 0.7
[15:37:58] <@wrbtrader> Long Emini TF @ 830.80 -> medium size
[15:38:04] <@wrbtrader> 2+2
[15:38:36] <@wrbtrader> volatility increasing
[15:39:16] <@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
[15:42:34] <@wrbtrader> tighten trail
[15:44:02] <@wrbtrader> Exited all Emini TF Long @ 831.10 --> + 0.3
[15:46:18] <@wrbtrader> Shorts Emini TF @ 830.50 -> small size
[15:46:29] <@wrbtrader> 3 contracts
[15:52:44] <@wrbtrader> Covered all Emini TF Short @ 830.20 --> + 0.3
[15:52:57] <@wrbtrader> nothing except ticks :(
[15:53:09] <@wrbtrader> 4pm est rush hour traffic around the corner
[16:05:31] <+relizer> good night all
[16:07:06] <@wrbtrader> not a pretty trading day...best price movement occurred between 0730am - 10am est
[16:45:43] <@wrbtrader> Take care and see all tomorrow
[16:45:50] * 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:

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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