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 Post subject: August 4th Thursday - Futures, ETFs and Forex Currencies
 Post Posted: Thu Aug 04, 2011 9:01 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: Thu Aug 04 09:23:14 2011
Session Ident: #FuturesTrades
[09:23:14] * Now talking in #FuturesTrades
[09:23:14] <@X> [NihabaAshi] chat room archives @ viewforum.php?f=20
[09:23:54] <@wrbtrader> Good morning all
[09:24:04] <LA> gm
[09:27:02] <Trendtrader> gm all
[09:27:54] <drt> gm
[09:32:22] <pat255> gm all
[09:32:29] <+pat255> late & at office
[09:32:34] <+Trendtrader> Shorts TF @ 757.8 «« simulator »»
[09:33:20] <+Trendtrader> Covered 1/2 TF Short @ 756.8 --> + 1 «« simulator »»
[09:33:47] <+Trendtrader> Covered Remainder TF Short @ 757.7 --> + 0.1 «« simulator »»
[09:40:32] <@wrbtrader> The short signal occurred @ 0906am est but I don't trade at that time (usually in traffic after dropping kids off at day care).
[09:41:24] <@wrbtrader> Long Emini TF @ 759.70 -> small size
[09:41:29] <@wrbtrader> 3 contracts
[09:43:03] <@wrbtrader> Exited all Emini TF Long @ 758.70 --> - 1
[09:43:32] <@wrbtrader> Shorts Emini TF @ 757.60 -> medium size
[09:43:43] <@wrbtrader> 4 contracts
[09:45:00] <@wrbtrader> Covered all Emini TF Short @ 757.40 --> + 0.2
[09:45:24] <@wrbtrader> long dark hammer line formed
[09:46:13] <@wrbtrader> Shorts Emini TF @ 757.60 -> large size
[09:46:21] <@wrbtrader> 6 contracts
[09:46:27] <@wrbtrader> intuition
[09:48:01] <@wrbtrader> Covered 1/2 Emini TF Short @ 756.20 --> + 1.4
[09:48:52] <@wrbtrader> Covered Emini TF Short @ 755.30 --> + 2.3
[09:48:54] <@wrbtrader> Holding 2 contract remainders
[09:49:06] <+pat255> unbelievable this allred
[09:49:33] <@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
[09:50:35] <@wrbtrader> Covered Emini TF Short @ 754.50 --> + 3.1
[09:50:38] <@wrbtrader> Holding 1 contract remainder
[09:50:48] <+pat255> vn N
[09:51:12] <@wrbtrader> prior contract @ WRB pt1
[09:51:49] <@wrbtrader> trailing @ profit
[09:52:25] <+Trendtrader> vn
[09:53:20] <+Trendtrader> what time frame for trail? i.e WRB pt1?
[09:53:24] <@wrbtrader> Covered Remainder Emini TF Short @ 755.50 --> + 2.1
[09:54:04] <@wrbtrader> 2min chart
[09:54:19] <+Trendtrader> thanks
[10:00:58] <@wrbtrader> Long Emini TF @ 758.80 -> small size
[10:01:07] <@wrbtrader> 2 contracts
[10:02:35] <@wrbtrader> Exited all Emini TF Long @ 758.70 --> - 0.1
[10:02:52] <@wrbtrader> choppy and contracting
[10:03:22] <@wrbtrader> Long Emini TF @ 758.00 -> small size
[10:03:26] <@wrbtrader> 2 contracts
[10:03:42] <@wrbtrader> same trade as prior with a better entry
[10:05:09] <@wrbtrader> Exited all Emini TF Long @ 757.40 --> - 0.6
[10:05:26] <@wrbtrader> more contraction
[10:05:35] <@wrbtrader> expecting a volatility spike here soon
[10:08:12] <@wrbtrader> Shorts Emini TF @ 756.20 -> small size
[10:08:18] <@wrbtrader> 3 contracts
[10:08:24] <@wrbtrader> volatility increasing
[10:10:20] <@wrbtrader> Covered all Emini TF Short @ 754.70 --> + 1.5
[10:10:53] <@wrbtrader> The open of a prior WRB Hidden GAP was my profit target @ 754.70
[10:11:13] <@wrbtrader> I used the WRB Hidden GAP on the 2min chart @ 0954am est
[10:11:47] <+pat255> thks N
[10:20:39] <@wrbtrader> More of a fight in the market so far today.
[10:20:57] <@wrbtrader> All WRB Hidden GAPs since the open have been retraced
[10:21:23] <+pat255> gold new high every day
[10:21:26] <@wrbtrader> That means tougher trasding conditions in comparison to the prior trading days
[10:21:50] <+pat255> i c
[10:34:55] <@wrbtrader> Be very careful today...so far...these are the types of trading days where overtrading occurs, lots of small losses and frustration.
[10:35:22] <@wrbtrader> That frustration will make you lose your discipline and worst things can happen.
[10:35:43] <@wrbtrader> I'm now sidelined...just watching after some FEAR showed up for me.
[10:36:12] <+pat255> lol fear? hmmm
[10:37:27] <+pat255> N you are a easoned trader ...Fear seems not a prt of your trading ..
[10:39:24] <+LA> Short TF 755
[10:39:32] <+pat255> L 33 es
[10:39:57] <+LA> Cover TF 753.9 +1.1
[10:40:36] <+pat255> out b/e
[10:40:54] <@wrbtrader> Lets put it this way, I know myself well enough that I DO NOT trade well when FEAR shows up after realizing the price action is not something I want to trade.
[10:41:10] <@wrbtrader> As soon as I have that realization...I go to the sidelines.
[10:41:29] <+pat255> good point c what u mean
[10:41:38] <@wrbtrader> Reason why some in here notice my long durations in a trading day when I'm not trading.
[10:42:54] <@wrbtrader> FEAR is a good thing too...it helps to keep me out of price action I don't like to trade.
[10:43:06] <+LA> Short TF 753
[10:43:16] <+pat255> analyst bloomberg interviewing says we gonna need real good jobs # tomorrow to reverse mkt back up
[10:43:45] <@wrbtrader> At least I hope there's more volatility tomorrow out of the gate in comparison to today
[10:44:49] <+LA> Cover TF 752 +1
[10:45:02] <@wrbtrader> Yesterday's close higher prevented one of the worst loosing streaks in the markets since 1978
[10:45:04] <+pat255> ugly action
[10:45:35] <@wrbtrader> I think it was like 8 or 9 consecutive losing trading days
[10:45:49] <@wrbtrader> That's the worst losing streak
[10:45:55] <+pat255> y
[10:52:54] <+pat255> gold didn't retrace at all
[10:56:24] <+pat255> financials in big trouble
[10:59:29] <+LA> Short TF 750
[11:00:26] <+LA> Cover TF 748.7 + 1.3
[11:01:33] <+pat255> vn
[11:19:34] <@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
[11:23:40] <Time4now> short small 751.5
[11:24:35] <StormwolfT> test
[11:24:45] <+Time4now> exit 749.5
[11:25:27] <+pat255> what is the current contract symbol for cl?
[11:28:07] <@wrbtrader> Light Crude Oil CL futures is on the U contract
[11:28:14] <+pat255> ty N
[11:28:39] <@wrbtrader> V contract becoming more active now
[11:29:06] <@wrbtrader> Thus, I don't know exactly when is the CL futures contract rollover but it must be very soon
[11:29:18] <@wrbtrader> due to the actively increasing in the V contract
[11:29:55] <+pat255> np N thks my platform is not feeding it ..:(
[11:46:57] <+Time4now> sure is going for it
[11:48:47] <+LA> wow - free fall
[12:15:25] <@wrbtrader> The way things are going so far for the DJIA index...it'll close the day down (worst) than -300 points
[12:15:42] <+pat255> y looks like
[12:16:18] <@wrbtrader> What's going on with Gold now ?
[12:17:28] <@wrbtrader> Gold GC futures declining since 1050am est and it has a few WRB Hidden GAPs that have not been retraced...that's good volatility on the way down
[12:18:05] <@wrbtrader> CNBC saids Dow down -1000 points since close of July 21st
[12:19:23] <@wrbtrader> Forex UsdCad currency siting around 1.0243 right now
[12:19:54] <@wrbtrader> That's at a level I "stop" moving Candadian funds to my U.S. bank account
[12:20:40] <@wrbtrader> It needs to be @ 1.03 or higher to be at par with the U.S. Dollar via the banking system...not via the Forex system
[12:21:14] <@wrbtrader> banks steal about .03 on the conversion
[12:25:04] <codehead> USO hit 34.06
[12:25:45] <+codehead> 35% of its peak
[12:26:23] <+codehead> feel sorry for people who hold that long term, thinking it tracks crude
[12:27:05] <+codehead> (like it's supposed to)
[12:27:27] <+Time4now> long small 748.1
[12:29:04] <@wrbtrader> a little bullish here trying to show up in the market
[12:29:23] <@wrbtrader> weak looking higher lows
[12:29:44] <@wrbtrader> Long Emini TF @ 794.40 -> small size
[12:29:48] <@wrbtrader> 1 contract
[12:30:30] <+Time4now> exit 749.8
[12:31:17] <@wrbtrader> correct
[12:31:22] <@wrbtrader> correction
[12:31:48] <@wrbtrader> Long Emini TF @ 749.40 -> small size
[12:32:19] <@wrbtrader> Their now talking about increasing MARGINS on Gold GC futures to control the speculation
[12:32:30] <+Time4now> uh oh
[12:32:37] <+Time4now> when they did that to silver it took a dive
[12:32:43] <+Time4now> from what i recall
[12:33:02] <@wrbtrader> Reason for the price drop in Gold GC futures as soon when that rumor hit the market...a rumor that will be true soon.
[12:34:19] <@wrbtrader> Exited Emini TF Long @ 751.00 --> + 1.6
[12:44:11] <+Time4now> low vol upwards?
[12:44:59] <@wrbtrader> Forex EurUsd drop due to the ECB policy change @ 0830am est Press Conference
[12:45:12] <@wrbtrader> revising europes growth
[12:47:29] <@wrbtrader> In fact, Forex EurUsd currency and EuroFX 6E futures haven't been able to get back above the price it was at during that ECB conference...a price around 1.4229
[12:49:34] <@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
[12:50:03] <@wrbtrader> Emini TF has a WRB Hidden GAP @ 1124am est that price is currently trading inside.
[12:50:12] <@wrbtrader> via the 2min chart
[13:05:49] <@wrbtrader> If this gets above 750 and stabilizes above that level for at least a few minutes...that should attract some Longs
[13:11:43] <@wrbtrader> volatility increasing
[13:12:32] <@wrbtrader> Shorts Emini TF @ 747.80 -> small size
[13:12:41] <@wrbtrader> 2 contracts
[13:12:45] <@wrbtrader> volatility spike
[13:12:57] <@wrbtrader> support failure
[13:15:45] <@wrbtrader> Covered all Emini TF Short @ 747.50 --> + 0.3
[13:15:55] <@wrbtrader> :(
[13:16:54] <+Time4now> AD still pretty divergent
[13:17:17] <+Time4now> but price is creeping around
[13:19:37] <@wrbtrader> another support area developing
[13:20:41] <@wrbtrader> Long Emini TF @ 748.70 -> small size
[13:20:58] <@wrbtrader> 1 contract
[13:22:21] <@wrbtrader> Exited Emini TF Long @ 748.10 --> - 0.6
[13:22:31] <+codehead> USO retested lod
[13:23:37] <@wrbtrader> Long Emini TF @ 748.00 -> small size
[13:23:46] <@wrbtrader> 2 contracts
[13:23:56] <@wrbtrader> same trade as prior reason
[13:24:06] <@wrbtrader> intution as a re-entry
[13:24:43] <@wrbtrader> Long Emini TF @ 748.00 -> Add
[13:24:49] <@wrbtrader> 1 contract add
[13:24:54] <@wrbtrader> total 3
[13:25:23] <+Time4now> long small 748.7
[13:27:58] <@wrbtrader> trailing @ profit
[13:28:09] <+Time4now> exit 749.2
[13:29:31] <@wrbtrader> Exited all Emini TF Long @ 748.30 --> + 0.6
[13:29:53] <@wrbtrader> geeesh...they gobble up that trail like it was their last dinner :(
[13:30:39] <+pat255> biab ...meeting now
[13:38:08] <+Time4now> weak support developing :)
[13:38:53] <@wrbtrader> Yeah...it's trying hard
[13:39:26] <+Time4now> I dont really like it
[13:39:41] <+Time4now> break time
[13:40:34] <@wrbtrader> Long Emini TF @ 746.90 -> small size
[13:40:54] <@wrbtrader> 1 contract
[13:41:04] <@wrbtrader> looking to add if it can hold
[13:41:31] <@wrbtrader> Exited Emini TF Long @ 746.30 --> - 0.6
[13:42:16] <@wrbtrader> sneaky volatility spike
[13:44:24] <@wrbtrader> Shorts Emini TF @ 744.60 -> small size
[13:44:30] <@wrbtrader> 1 contract
[13:44:36] <@wrbtrader> volatility increasing
[13:45:21] <@wrbtrader> last 3 trades not yielding much for my efforts
[13:45:36] <@wrbtrader> will take a long break after I close the current Short position
[13:46:54] <@wrbtrader> Covered Emini TF Short @ 743.60 --> + 1
[13:53:12] <+StormwolfT> this market is insane
[13:56:16] <@wrbtrader> It had a chance after yesterday's decent rebound but the ECB press conference killed any hopes
[14:16:35] <@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
[14:45:26] <+Time4now> short medium 740.3
[14:47:35] <+Time4now> exit 741.3
[14:50:02] <+Time4now> short large 741.3
[14:53:27] <+Time4now> exit 2/3 741.1
[14:55:44] <+Time4now> exit rem 739.6
[14:59:20] <+LA> Short ES 1214.75
[15:01:44] <+LA> Stopped on trail 1214.5 +.25
[15:13:59] <+LA> Short ES 1216.5
[15:16:00] <+LA> Cover ES 1214.75 +1.75
[15:16:32] <+LA> Trail to tight
[15:44:37] <@wrbtrader> Dow down over 400 points...wow
[15:46:35] <@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
[15:53:38] <@wrbtrader> 4pm est rush hour traffic around the corner
[15:57:36] <@wrbtrader> Shorts Emini TF @ 727.40 -> medium size
[15:57:40] <@wrbtrader> 4 contracts
[15:57:46] <@wrbtrader> intuition
[15:58:56] <@wrbtrader> Covered all Emini TF Short @ 725.40 --> + 2
[17:16:36] <@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
Session Close: Thu Aug 04 20:02:36 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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