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 Post subject: August 5th Friday - Futures, ETFs and Forex Currencies
 Post Posted: Fri Aug 05, 2011 1:40 pm 
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Joined: Tue Dec 16, 2008 1:02 am
Posts: 3326
Location: Canada
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Attachment:
080511-Key-Price-Action-Markets.png
080511-Key-Price-Action-Markets.png [ 527.42 KiB | Viewed 189 times ]

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

Session Start: Fri Aug 05 08:33:17 2011
Session Ident: #FuturesTrades
[08:33:17] * Now talking in #FuturesTrades
[08:33:17] <@X> [NihabaAshi] chat room archives @ viewforum.php?f=20
[08:54:54] <pat255> gm n others
[08:55:16] <LA> gm
[08:55:42] <+pat255> S 8.0 es paper
[08:57:33] <rickf> gm
[09:01:06] <+pat255> out b/e
[09:01:37] <+pat255> question is if shorts want to hold profits over weekend
[09:07:50] <+rickf> 1M /ES moved by 0910 ... that's a huge number we don't see very often
[09:09:25] <@wrbtrader> Yeah...
[09:09:56] <+rickf> btw hello all. nice to drop in now and then. :)
[09:10:14] <StormwolfT> my short-term research indicates indexes are very oversold, not 2008 oversold but still
[09:10:21] <@wrbtrader> It's not often I'm here around 0830am est but I wanted to watch this price action to help me with some trades soon after the open if trade signals appear
[09:16:00] <+StormwolfT> u are going to stick with the TF today?
[09:17:08] <+rickf> btw i am trading the TF myself nowdays... whoda thunk it
[09:30:43] <Trendtrader> Long TF @ 734.7 «« simulator »»
[09:31:08] <+Trendtrader> Exited 1/2 TF Long @ 735.6 --> + 0.9 «« simulator »»
[09:31:35] <+Trendtrader> Exited Remainder TF Long @ 736.7 --> + 2 «« simulator »»
[09:31:38] <@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
[09:31:49] <+Trendtrader> gm all
[09:34:11] <@wrbtrader> Good morning all
[09:37:38] <@wrbtrader> FYI - At each of the designated forums (TSL, AJCTR, APAOR, STR and VTR)...I've posted a new "Learning and Trading Tips" section in the Fading Volatility Breakout (FVB) trade signal strategy within it's rules section.
[09:39:36] <@wrbtrader> Shorts Emini TF @ 728.70 -> medium size
[09:39:45] <@wrbtrader> 4 contracts
[09:41:14] <@wrbtrader> trailing @ profit
[09:42:42] <+rickf> wow .. there is a chance my black-swan trade from last sept may pay off
[09:43:02] <+rickf> missed a nice short on the TF -- nice catch wrbtrader
[09:43:15] <@wrbtrader> Covered all Emini TF Short @ 724.00 --> + 4.7
[09:43:42] <@wrbtrader> geeesh...didn't expect a big WRB pt1 like that
[09:44:00] <+Trendtrader> vn!
[09:44:15] <+pat255> wd n
[09:44:37] <@wrbtrader> Then again, we do have unusual volatility due to the debt ceiling crisis, ECB europe downgrade and other problems along with a rising VIX/VXX
[09:45:33] <+rickf> short tf 724.30
[09:48:31] <+rickf> exit 1/2 722.30 +2
[09:48:43] <+rickf> stop at 23
[09:50:15] <+rickf> stop at 20
[09:50:34] <@wrbtrader> wow
[09:50:35] <+rickf> stop at 18
[09:50:55] <+rickf> stop at 16
[09:52:07] <+rickf> stop at 14
[09:52:10] <+rickf> shit
[09:52:33] <+rickf> stop at 12
[09:52:59] <+rickf> stop at 10
[09:54:03] <+rickf> stop at 8
[09:54:06] <+rickf> out
[09:55:25] <+rickf> + 16.3 on 2 contracts
[09:55:32] <@wrbtrader> Geesh...my +4.7 points is just peanuts in comparison to this price drop.
[09:55:38] <+rickf> what happened?
[09:55:43] <@wrbtrader> rickf...nice hold
[09:55:48] <+rickf> any news breeak?
[09:55:51] <+rickf> thx
[09:56:02] <@wrbtrader> Yeah...same news as the past week
[09:56:50] <+rickf> yeah but the move that quick? is obama on? QE3 announced? lol
[09:57:18] <@wrbtrader> I'm checking the news sources now to see if something NEW showed up in the markets
[09:58:35] <+LA> Maybe margin calls from yesterday
[09:58:59] <+rickf> could be ... that felt like panic selling though
[09:59:10] <+rickf> here we go again
[10:00:08] <+rickf> summer of '08 indeed
[10:00:37] <+rickf> damn and it's only 10AM
[10:00:49] <+rickf> think folks are gonna be nervous this weekend?
[10:00:52] <@wrbtrader> exactly
[10:04:04] <+rickf> OK. In Sep '10 I put on an option spread on the SPY that broke even at 1100. It just went positive briefly for the first time in 8 months.
[10:04:38] <@wrbtrader> Geesh...was that small, normal or large option position
[10:04:43] <@wrbtrader> That's patience
[10:04:55] <+rickf> normal-sized. 10 contracts on SPY put spread
[10:05:23] <+rickf> patience indeed ... was ready to close it last month for 50% loss
[10:05:41] <@wrbtrader> wow
[10:06:20] <@wrbtrader> FYI - President Obama schedule to speak @ 1100am est
[10:07:06] <+rickf> yeah ... i went short the SP going into Memorial Day weekend, too ... position expires this month and is lookign quite nice. Used an unleveraged ETF.
[10:08:42] <@wrbtrader> Long Emini TF @ 715.70 -> small size
[10:08:49] <@wrbtrader> 2 contracts
[10:09:27] <@wrbtrader> early entry on that before the interval closed @ 717.60
[10:10:01] <@wrbtrader> enter early via intuiton after I saw the increasing voaltility
[10:10:14] <@wrbtrader> Exited all Emini TF Long @ 716.30 --> + 0.6
[10:11:14] <+LA> to crazy for me
[10:11:36] <+rickf> i think we chop around until 3PM now. :)
[10:11:56] <@wrbtrader> weak support @ 711.10
[10:17:14] <@wrbtrader> A failed FVB trade signal
[10:17:40] <@wrbtrader> Long Emini TF @ 719.80 -> small size
[10:17:57] <@wrbtrader> 3 contracts
[10:19:24] <@wrbtrader> That FVB short signal was @ 713.50 and failed @ 718.70
[10:19:40] <@wrbtrader> That's a big fail but only because of the extreme volatility
Session Close: Fri Aug 05 10:19:46 2011

Session Start: Fri Aug 05 10:19:46 2011
Session Ident: #FuturesTrades
[10:19:46] * Disconnected
[10:21:22] * Attempting to rejoin channel #FuturesTrades
[10:21:33] * Rejoined channel #FuturesTrades
[10:21:33] <@X> [NihabaAshi] chat room archives @ viewforum.php?f=20
[10:21:56] <@wrbtrader_away> I got disconnected from the Othernet server :(
[10:22:05] * wrbtrader_away is now known as wrbtrader
[10:22:27] <@wrbtrader> still holding the Long position
[10:22:45] <+pat255> vn N
[10:22:51] <@wrbtrader> crazy price action so far today
[10:22:57] <+pat255> even ES is like TF today
[10:23:34] <@wrbtrader> Exited 2/3 Emini TF Long @ 724. --> + 4.2
[10:25:46] <@wrbtrader> Exited all Emini TF Long @ 724.80 --> + 5
[10:28:04] <+rickf> vn
[10:28:59] <@wrbtrader> Emini TF support raised @ 717.80 with resistance @ 732.70 - 729.30
[10:29:17] <+pat255> ty
[10:31:10] <@wrbtrader> Shorts Emini TF @ 718.60 -> small size
[10:31:19] <@wrbtrader> 3 contracts
[10:31:48] <@wrbtrader> FVB short signal
[10:33:32] <@wrbtrader> Covered all Emini TF Short @ 719.60 --> - 1
[10:34:37] <@wrbtrader> Shorts Emini TF @ 719.80 -> medium size
[10:34:43] <@wrbtrader> same trade
[10:35:05] <@wrbtrader> prior trade stop didn't get hit...I just didn't like the heat I was taking on it
[10:35:21] <@wrbtrader> 4 contracts
[10:36:50] <@wrbtrader> Covered 3/4 Emini TF Short @ 715.50 --> + 4.3
[10:37:11] <+pat255> grat trading ..i cant trade these moves
[10:37:22] <+rickf> nice again
[10:37:37] <@wrbtrader> pat255...just remember this...
[10:37:38] <+pat255> too fast for me
[10:38:00] <@wrbtrader> We only see a few times per year these types of volatile price actions.
[10:38:27] <@wrbtrader> This is the type of price action that makes some traders "millionaires" in comparison to their other trades during the year.
[10:39:14] <@wrbtrader> I call it a "gut check" :)
[10:39:30] <+pat255> this is v tuff for me
[10:39:54] <@wrbtrader> Yeah...this type of volatility is very scary.
[10:40:22] <@wrbtrader> I'm about to go to the sidelines myself...the contracting volatility starting to spook me a little.
[10:40:33] <@wrbtrader> May exit in the next spike down if such occurs
[10:40:39] <@wrbtrader> tighting trail stop
[10:40:40] <+rickf> I am nibbling on some dividend stocks on my watchlist that are now yielding quite well ... for my father's retirement account
[10:41:03] <+rickf> stuff i've tracked for a long time getting pretty enticing to start positions in
[10:45:17] <@wrbtrader> I have been lucky today on two FVB trade signals...
[10:45:45] <@wrbtrader> One I ignored would have resulted in a LOSS
[10:46:14] <@wrbtrader> The other I traded but exited early (fear) even though the price action wasn't near my stop/loss
[10:46:36] <@wrbtrader> Luckily I regather myself and re-enter the Short position (current open trade).
[10:47:49] <+pat255> geez this mkt today for experienced tradwers
[10:48:10] <@wrbtrader> Covered Remainder Emini TF Short @ 712.70 --> + 7.1
[10:48:12] <+rickf> back in a bit
[10:53:32] <+Trendtrader> vvn
[10:55:20] <+Trendtrader> What time was the first FVB that you ignored?
[11:01:39] <@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
[11:01:42] <@wrbtrader> 2min chart with the v1 WRB Zone @ 0950am est...
[11:02:16] <@wrbtrader> FVB short signal @ 1010am est when the c1 interval exited the WRB Zone
[11:03:14] <+pat255> N FVB?
[11:04:06] <@wrbtrader> Yes...that's the failed FVB trade signal that I was lucky in not trading
[11:07:08] <+Trendtrader> o.k. and the one that did work used which intervals? Thanks.
[11:07:26] <@wrbtrader> Long Emini TF @ 712.70 -> small size
[11:07:31] <@wrbtrader> 2 contracts
[11:07:47] <@wrbtrader> same interval for the one that worked
[11:08:36] <@wrbtrader> The one that failed was the FVB basic version and the one that worked was the FVB advance pro version
[11:09:56] <@wrbtrader> Exited all Emini TF Long @ 712.00 --> - 0.7
[11:10:58] <@wrbtrader> Shorts Emini TF @ 711.20 -> small size
[11:11:21] <@wrbtrader> support failure of a prior WRB Hidden GAP
[11:11:56] <@wrbtrader> 3 contracts
[11:18:31] <@wrbtrader> Covered all Emini TF Short @ 708.00 --> + 3.2
[11:19:09] <+pat255> vn
[11:35:55] <+LA> Short TF 712
[11:36:16] <+LA> Cover TF 710 +2
[11:46:02] <+LA> Short TF 704.6
[11:46:28] <+LA> Cover 702.7 +1.9
[11:48:58] <@wrbtrader> took my first break of the day from trading...
[11:49:05] <@wrbtrader> It's now down another 12 points
[11:49:15] <@wrbtrader> Geeesh...that's a ton of volatility today
[11:54:56] <+pat255> no relief
[11:55:50] <+LA> Short ES 1172.5
[11:56:36] <+LA> Cover 1168.5 +4
[11:56:44] <+LA> SHould have trailed
[12:08:23] <@wrbtrader> Wow...impressive numbers in the VXX or VIX via the momentum
[12:15:10] <@wrbtrader> Emini TF within the range of a prior WRB Hidden GAP
[12:15:54] <+rickf> the ES ... what the hell? this is neurotic today
[12:18:36] <@wrbtrader> Shorts Emini TF @ 709.80 -> small size
[12:18:47] <@wrbtrader> 2 contracts
[12:19:02] <@wrbtrader> choppy
[12:19:54] <@wrbtrader> Covered all Emini TF Short @ 707.80 --> + 2
[12:20:02] <@wrbtrader> geeesh
[12:20:19] <@wrbtrader> the way this volatility is toady...that's most likely an EARLY exit :)
[12:21:10] <@wrbtrader> I'm already 6x over my profit goal for the day
[12:21:11] <+pat255> amazing volatility on the ES too
[12:21:22] <+pat255> vn
[12:21:31] <@wrbtrader> Haven't done that since the 2008 financial crisis
[12:21:35] <+rickf> a 30 pt move on the ES in 15 mins MIDDAY is ugly
[12:21:38] <+rickf> yeah really
[12:22:08] <+rickf> 2008 Redux
[12:23:57] <@wrbtrader> wow
[12:24:09] <@wrbtrader> a lot of WOWs today
[12:24:19] <+rickf> F---K
[12:24:20] <@wrbtrader> Or WTFs today :)
[12:24:20] <+rickf> :)
[12:25:50] <@wrbtrader> Amazingly I've been able to keep my losing trades at -1 or LESS
[12:27:12] <@wrbtrader> Buy order in @ 712.90
[12:27:26] <+rickf> Ahhh Europe launching QE to support Italy and Spain
[12:27:29] <@wrbtrader> That's the R area of that WRB Hidden GAP
[12:28:31] <@wrbtrader> S area of that WRB Hidden GAP @ 708.90
[12:28:39] <@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
[12:28:46] <@wrbtrader> we're now below it...cancelling Buy order
[12:30:06] <Time4now> short mediu 707.8
[12:30:08] <@wrbtrader> Shorts Emini TF @ 708.80 -> small size
[12:30:16] <@wrbtrader> 3 contracts
[12:30:26] <@wrbtrader> tight stop
[12:32:18] <@wrbtrader> Covered all Emini TF Short @ 708.70 --> + 0.1
[12:32:48] <@wrbtrader> looking for a re-entry of the Short as an intuition trade
[12:33:45] <@wrbtrader> Shorts Emini TF @ 710.90 -> small size
[12:33:56] <@wrbtrader> 2 contracts
[12:34:19] <@wrbtrader> Covered all Emini TF Short @ 711.80 --> - 0.9
[12:34:48] <+Time4now> exit 709.8
[12:35:30] <@wrbtrader> Long Emini TF @ 712.80 -> small size
[12:35:39] <@wrbtrader> 2 contracts
[12:35:44] <@wrbtrader> resistance area breakout
[12:35:56] <@wrbtrader> or failure depending on how you look at it
[12:36:07] <+rickf> un-frakking-believable
[12:36:55] <+rickf> watch us close green lol
[12:37:10] <@wrbtrader> Exited all Emini TF Long @ 717.00 --> + 4.2
[12:37:18] <@wrbtrader> wow
[12:37:24] <+rickf> frak
[12:37:44] <@wrbtrader> I feel like a bank robber today and the police didn't even show up
[12:37:52] <+pat255> lol
[12:38:32] <@wrbtrader> Geeesh...they're just giving the vault keys to anybody on the street
[12:38:49] <+rickf> yeah really -- that was my best trade ever in the futures if not done on intuition. My last 10 bagger was back in '08 on the ES
[12:39:15] <+rickf> 4.2M ES moved by 12:40ET. *frak*
[12:39:42] <@wrbtrader> I haven't seen this much volume since 2008 in such a short duration
[12:39:50] <+rickf> me neither
[12:40:02] <@wrbtrader> Bet the HFT programs over heating today
[12:41:03] <+rickf> lol
[12:42:19] <+rickf> Dow Turns Positive, ECB Ready to Buy Bonds http://www.cnbc.com/id/44032861
[12:43:13] <+rickf> And we're green on the ES, up 40 points in 45 minutes
[12:43:56] <@wrbtrader> Amazing come back in relationship to yesterday's close
[12:44:17] <+rickf> could see that kind of move over an hour or two ... but 45 minutes? Sheeesh
[12:45:31] <+rickf> today's 5m chart goes into my trading archives of 'historic' markets
[12:46:30] <@wrbtrader> Yeah...I'm going to post some extra charts today in my #FuturesTrades archive logs and my performance record archive logs
[12:47:03] <+pat255> k ty
[12:49:06] <+rickf> wonder if there are more central bank involvements here ...
[12:49:38] <@wrbtrader> Something happen...markets got tired of being run over after falling out of the car
[12:50:14] <@wrbtrader> On any typical trading day...a +4 trade in Emini TF is great
[12:50:21] <@wrbtrader> Today it's small change :)
[12:50:53] <+rickf> Global POMO
[12:51:52] <+rickf> maybe this will let trapped longs exit before s&p downgrades us
[12:51:54] <+rickf> lol
[12:55:15] <@wrbtrader> If we do get a downgrade (we deserve too)...I hope there's a little rally to allow most of the Longs to escape with minimum damage.
[12:55:50] <@wrbtrader> If that doesn't occur...look out...it's going to get nasty than what it already is
[12:56:14] <+pat255> later guys meeting in PM
[12:56:18] <+pat255> ty all
[12:56:21] <@wrbtrader> meant if the Longs don't get their rally
[12:58:22] <+rickf> maybe the longs just had their rally?
[13:21:48] <@wrbtrader> creeper up movement now
[13:23:09] <+rickf> all we need is some bad news to come in and drop things back to 1160....then i will quit for the week.
[13:41:17] <@wrbtrader> Shorts Emini TF @ 721.00 -> small size
[13:41:25] <@wrbtrader> 1 contract
[13:42:21] <@wrbtrader> Covered Emini TF Short @ 720.80 --> + 0.2
[13:45:28] <@wrbtrader> Long Emini TF @ 722.60 -> small size
[13:45:37] <@wrbtrader> 2 contracts
[13:46:37] <@wrbtrader> Exited all Emini TF Long @ 721.60 --> - 1
[13:47:49] <@wrbtrader> Long Emini TF @ 721.30 -> small size
[13:47:57] <@wrbtrader> 2 contracts
[13:48:07] <@wrbtrader> same trade as before but a better entry price
[13:49:35] <@wrbtrader> Exited all Emini TF Long @ 725.50 --> + 4.2
[13:58:40] <@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
[13:59:32] <Dallasm> Afternoon All new to the room. Thanks Mark for making it possible
[14:03:20] <@wrbtrader> Welcome
[14:04:42] <@wrbtrader> Emini TF futures still having problems trying to get above that prior failed counter-thrust area @ 1024am est
[14:06:42] <@wrbtrader> Oil CL futures still in a sideways price action since 1250pm est
[14:08:37] <@wrbtrader> Wow...just learned that Spain has the highest unemployment rate of Europe @ 21%
[14:13:49] <+rickf> yup
[14:14:04] <+Dallasm> Would think it would be Greece..
[14:14:57] <+rickf> 5.2M ES traded as of 1415 ET. That's gotta be a record or near record
[14:28:47] <@wrbtrader> volatility contraction since 1245pm est
[14:29:17] <@wrbtrader> Yet, it's a 6 point range but still in contraction relative to the overall trading day so far
[14:41:31] <+Time4now> short medium 721.8
[14:41:33] <+rickf> ES ugly since that manic pop up at lunchtime
[14:43:46] <+Time4now> exit 721.6
[14:45:19] <+rickf> bang
[14:45:47] <+rickf> short tf 720.60
[14:49:15] <@wrbtrader> Today's archived chat log now posted @ viewtopic.php?f=93&t=960
[14:49:36] <@wrbtrader> For those not in here earlier this morning during the big price drop
[14:50:22] <@wrbtrader> I also posted the key market charts to show what was occurring in many different markets
[14:50:26] <+rickf> stop at 20
[14:50:42] <+rickf> stop at 19
[14:51:36] <+rickf> stop at 18
[14:54:27] <+rickf> stop at 17
[14:55:51] <+rickf> exit tf 717 + 4,6
[14:56:16] <+rickf> 3.6 sorry - can't add :(
[15:00:09] <+rickf> welcome to 2008 part deux, folks
[15:01:43] <+rickf> next leg down
[15:02:36] <@wrbtrader> rickf...nice trading
[15:02:48] <+rickf> thx you too
[15:03:26] <+rickf> i'm much more disciplined nowdays. In '08 I moved like 100 contracts a day sometimes. Now? Much less and much more rewarding too!
[15:03:36] <@wrbtrader> Thanks...I called it quits for the day after reaching 7x above my profit goal for the day
[15:04:42] <@wrbtrader> When I was young and didn't have a family...I would glued to my monitor all day and hitting the trades very aggressively
[15:05:32] <+rickf> oh me? when i am trading I'm out by 10AM ET. Just happened to be around for the fun this past week or so to catch the PM drops
[15:06:00] <+rickf> i cant stare at the screen all day either -- go crazy
[15:07:38] <+rickf> boy if we give it all back i will feel happy -- just to get the market further into its much needed catharsis after these past 2 years of funny money rallying
[15:10:40] <@wrbtrader> Pres. Obama manage to hold the markets together until May amongst all the jobless problems, housing problems, escalating global economic problems...
[15:10:54] <@wrbtrader> Yet, the bandaids are starting to fall off.
[15:11:52] <+rickf> see what happens when POMO ends
[15:11:55] <@wrbtrader> Now when the rick and those with jobs see their 401ks, Reits, Pension Plan take a small hit...it make wake up a few folks
[15:11:56] <+rickf> oh wait - it did. :)
[15:12:07] <@wrbtrader> rick = rich
[15:12:20] <+rickf> oh i see it too -- why do you think i got into trading back then?
[15:12:21] <+rickf> ;)
[15:12:37] <@wrbtrader> Yep
[15:12:52] <+rickf> frakking brokers aren't looking out for you ... you gotta do it yourself
[15:12:59] <@wrbtrader> I had a neighbor last year tell me his money is safe because he doesn't invest.
[15:13:40] <@wrbtrader> I looked at him and said...do you have Reits, Pension, own your house, credit cards ???
[15:13:55] <@wrbtrader> You're not safe if the economy goes into a recession or worst
[15:14:25] <@wrbtrader> A lot of folks forget their Pensions ARE invested in something
[15:15:14] <@wrbtrader> Folks too quickly forget about the 10% - 20% interest rates on Home mortgages back in the 70s
[15:16:16] <+rickf> ypu said it
[15:20:27] <+rickf> I have a chunk of cash waiting to buy triple tax free bonds when rates get over 8 or 9%.....imho THAT is the 'generational trade', not buying the S^P at 666 in 2009.
[15:25:40] <@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
[15:27:36] <+rickf> The 5m ES chart is a beautiful case in retracements both up and down
[15:33:42] <+rickf> i think we skid lower into the close -- but i am not trading anymore today either
[15:39:25] <@wrbtrader> Emini TF now in the range of a prior WRB Hidden GAP that had occurred @ 1450pm est
[15:43:35] <Time4now> short medium 717.2
[15:45:01] <+Time4now> exit 1/2 715.2
[15:45:15] <+Time4now> er 717
[15:52:19] <+Time4now> short small 714.1
[15:52:57] <+Time4now> exit 714
[15:56:02] <+rickf> bang
[15:58:20] <@wrbtrader> I was expecting more volatility into the 4pm est rush hour traffic
[15:58:35] <+rickf> choppy as hell though
[15:58:56] <+rickf> ding
[16:02:05] <+Dallasm> have a good weekend... see you monday
[16:02:12] <+rickf> ok guys good to see ya again. I'll see ya when I see ya. :)
[16:02:23] <@wrbtrader> Take care all and have a good weekend
[16:03:13] * 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)
Skype Messenger: kebec2002
questions@thestrategylab.com
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