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 Post subject: August 10th Wednesday - Futures, ETFs and Forex Currencies
 Post Posted: Wed Aug 10, 2011 5:40 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:
081011-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 Aug 10 09:31:57 2011
Session Ident: #FuturesTrades
[09:31:57] * Now talking in #FuturesTrades
[09:31:57] <@X> [NihabaAshi] chat room archives @ viewforum.php?f=20
[09:35:09] <@wrbtrader> Good morning all
[09:35:21] <Trendtrader> gm all
[09:40:00] <@wrbtrader> That's a big gap down on the regular session chart for the Emini futures
[09:44:06] <@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
[09:48:49] <@wrbtrader> Shorts Emini TF @ 678.60 -> medium size
[09:48:57] <@wrbtrader> 4 contracts
[09:50:37] <@wrbtrader> Covered 1/2 Emini TF Short @ 674.30 --> + 4.3
[09:51:28] <@wrbtrader> trailing @ profit
[09:54:18] <@wrbtrader> Key market event (Wholesale Inventories) @ 10am est and Crude Oil Inventories @ 1030am est
[09:54:40] <@wrbtrader> Covered Remainder Emini TF Short @ 677.40 --> + 1.2
[09:56:04] <@wrbtrader> Shorts Emini TF @ 676.00 -> small size
[09:56:21] <@wrbtrader> 3 contracts...lowering my position size
[09:58:53] <@wrbtrader> tighen trail @ profit
[09:59:42] <@wrbtrader> Covered 1/3 Emini TF Short @ 670.90 --> + 5.1
[10:01:46] <rickf> managing a few equity positions / hedges today - not futures at the moment
[10:04:44] <@wrbtrader> Covered Emini TF Short @ 672.60 --> + 3.4
[10:04:44] <@wrbtrader> Reverse and Enter Long Emini TF @ 672.60
[10:04:54] <@wrbtrader> 2 contracts
[10:04:55] <+rickf> vn
[10:07:19] <@wrbtrader> Exited all Emini TF Long @ 672.70 --> + 0.1
[10:07:53] <@wrbtrader> got picked pocketed...geeesh
[10:09:07] <@wrbtrader> Shorts Emini TF @ 670.00 -> small size
[10:09:18] <@wrbtrader> 2 contracts...lowering my overall position size
[10:10:30] <+rickf> geesh. 40-70 point moves repeatedly during the week, including globex. This vol is worse than '08
[10:10:50] <+rickf> i mean so many LARGE swings
[10:11:12] <@wrbtrader> Covered all Emini TF Short @ 669.70 --> + 0.3
[10:11:47] <@wrbtrader> Shorts Emini TF @ 669.00 -> small size
[10:11:55] <@wrbtrader> 2 contracts
[10:12:09] <@wrbtrader> intuition in reaction to prior trade pick pocketed
[10:12:57] <@wrbtrader> Covered all Emini TF Short @ 670.00 --> - 1
[10:13:43] <@wrbtrader> volatility still contracting...ranging getting smaller
[10:18:32] <+Trendtrader> Shorts TF @ 670.9 «« simulator »»
[10:18:53] <+Trendtrader> Covered 1/2 TF Short @ 669.7 --> + 1.2 «« simulator »»
[10:19:05] <+Trendtrader> Covered Remainder TF Short @ 670.7 --> + 0.2 «« simulator »»
[10:19:20] <dallasm> Trendsetter which simulator/company are you using
[10:19:46] <@wrbtrader> Shorts Emini TF @ 670.00 -> small size
[10:19:52] <+Trendtrader> I can't seem to hold a trail for the life of me!
[10:19:57] <@wrbtrader> 2 contracts
[10:20:17] <+Trendtrader> dallasm, if you mean me, NinjaTrader
[10:20:31] <@wrbtrader> It's tough on the stops in this type of contracting volatility within a trading range getting smaller
[10:20:39] <@wrbtrader> I'm expecting a volatility spike here soon
[10:20:57] <@wrbtrader> Hopefully it takes prices down while I'm Short or up when I'm Long
[10:21:58] <+rickf> that's the general idea, yes? *ducks*
[10:22:17] <+rickf> guess FOMC reality isn't being as well received as it was late yesterday
[10:22:38] <@wrbtrader> Pending key market event aroung the corner @ 1030am est
[10:25:10] <@wrbtrader> Covered all Emini TF Short @ 669.00 --> + 1
[10:25:27] <@wrbtrader> I'm just churning the last two trades :(
[10:25:45] <@wrbtrader> Poor trade management on the last trade...
[10:26:11] <@wrbtrader> I know its a range day and still let a 4 point profit retraced to a 1 point profit :(
[10:26:25] <@wrbtrader> Gotta take those 4 points on range days
[10:34:42] <@wrbtrader> European futrures doing worst than the Emini futures
[10:37:26] <@wrbtrader> DAX, DJstoxx50, FTSE100 and CAC40 futures getting hit harder than the U.S. Emini futures
[10:41:36] <@wrbtrader> Long Emini TF @ 675.20 -> small size
[10:41:41] <@wrbtrader> 2 contracts
[10:42:07] <@wrbtrader> Exited all Emini TF Long @ 674.60 --> - 0.6
[10:43:37] <@wrbtrader> Shorts Emini TF @ 672.00 -> small size
[10:43:44] <@wrbtrader> 2 contracts
[10:43:48] <+rickf> back later
[10:45:38] <@wrbtrader> Covered all Emini TF Short @ 671.00 --> + 1
[10:45:50] <@wrbtrader> early exit
[10:45:59] <@wrbtrader> taking a break...be back later
[11:00:39] <@wrbtrader> Shorts Emini TF @ 668.00 -> small size
[11:00:44] <@wrbtrader> 3 contracts
[11:00:50] <@wrbtrader> volatility increasing
[11:04:45] <@wrbtrader> trailing @ profit even though they are killing trails today
[11:06:22] <@wrbtrader> Covered all Emini TF Short @ 667.50 --> + 0.5
[11:06:43] <@wrbtrader> trail not hit but just got tired of the bouncing around
[11:08:04] <@wrbtrader> Not often you can call a 680 - 665 a range day for the Emini TF futures :)
[11:14:06] <@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
[11:19:57] <@wrbtrader> I think many traders are looking at today's low volatility range day in the U.S. Emini Futures as a "day of rest" :)
[11:20:51] <@wrbtrader> In contrast, the European futures (DAX, DJstoxx50, FTSE100, CAC40) got hit hard today
[11:32:56] <Time4now> long small 669.3
[11:33:51] <+Time4now> exit 669.5
[11:38:24] <intowin> long es 24 stop 22
[11:39:39] <+Time4now> long small 667.9
[11:41:15] <+Time4now> exit 667.3
[11:47:41] <@wrbtrader> Until volatility reappears...I'm going to keep my position size to0 1- 2 contracts
[11:48:42] <@wrbtrader> VIX and VXX volatility breadth going sideways
[11:53:08] <+intowin> out half es @ 32 +8. remainder of 1 moved to b/e
[11:54:45] <@wrbtrader> Long Emini TF @ 672.20 -> small size
[11:54:51] <@wrbtrader> 2 contracts
[11:55:35] <@wrbtrader> trailing @ profit
[11:56:11] <@wrbtrader> Exited all Emini TF Long @ 672.60 --> + 0.4
[12:04:58] <@wrbtrader> Long Emini TF @ 673.50 -> small size
[12:05:07] <@wrbtrader> 2 contracts
[12:05:31] <+intowin> out balance of ES @ 39 +15
[12:08:25] <@wrbtrader> Exited all Emini TF Long @ 672.60 --> - 0.9
[12:15:25] <@wrbtrader> Long Emini TF @ 673.10 -> small size
[12:15:31] <@wrbtrader> 2 contracts
[12:15:33] <@wrbtrader> intuition
[12:15:39] <+Time4now> long small 672.5
[12:16:25] <+Time4now> exit 673.6
[12:17:50] <@wrbtrader> trailing @ profit
[12:19:28] <@wrbtrader> price @ WRB profit target 1
[12:20:39] <@wrbtrader> Exited all Emini TF Long @ 674.30 --> + 1.2
[12:21:08] <+Time4now> short small 673.9
[12:21:29] <@wrbtrader> weak resistance area developing
[12:21:50] <+Time4now> short add 674.3
[12:23:26] <+Time4now> exit half 672.7
[12:23:39] <+Time4now> exit rem 673.7
[12:26:26] <@wrbtrader> Shorts Emini TF @ 671.80 -> small size
[12:26:34] <@wrbtrader> 2 contracts
[12:26:43] <@wrbtrader> volatility spike
[12:28:05] <+Time4now> too bad it got my stop
[12:31:13] <@wrbtrader> Covered all Emini TF Short @ 670.50 --> + 1.3
[12:37:40] <@wrbtrader> Shorts Emini TF @ 668.00 -> small size
[12:37:45] <@wrbtrader> 2 contracts
[12:38:04] <@wrbtrader> rolled over fast from 670
[12:38:19] <@wrbtrader> speedy gonzalez :)
[12:39:00] <werner> hi all
[12:41:14] <@wrbtrader> Covered all Emini TF Short @ 667.00 --> + 1
[12:41:29] <+werner> short the bounce imo
[12:42:20] <+werner> tf sup zone here
[12:44:07] <@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
[12:44:18] <@wrbtrader> Long Emini TF @ 668.80 -> small size
[12:44:23] <@wrbtrader> 1 contract
[12:44:25] <@wrbtrader> intuition
[12:48:24] <@wrbtrader> Exited Emini TF Long @ 669.00 --> + 0.2
[12:48:24] <@wrbtrader> Reverse and Enter Short Emini TF @ 669.00
[12:48:31] <@wrbtrader> 3 contracts
[12:48:38] <@wrbtrader> volatility increasing
[12:49:09] <+werner> sideline here
[12:50:32] <+werner> es and ym ....
[12:51:43] <@wrbtrader> time for lunch
[12:51:44] <+werner> tf weak
[12:52:57] <@wrbtrader> Covered all Emini TF Short @ 670.00 --> - 1
[12:53:03] <@wrbtrader> be back later
[12:55:13] <+werner> enjoy lunch
[12:57:15] <+werner> bon appetit
[13:05:54] <+werner> Long Emini NQ @ 2102.00 «« day trade »»
[13:10:29] <+werner> Exited all Emini NQ Long @ 2108.00 --> + 6 «« day trade »»
[13:24:16] <Time4now> i think this price action is giving me a headache
[13:24:33] <+Time4now> breaktime
[13:24:41] <+werner> :(
[13:24:57] <+werner> Shorts Emini NQ @ 2096.00 «« day trade »»
[13:26:07] <+werner> Covered all Emini NQ Short @ 2098.00 --> - 2 «« day trade »»
[13:26:15] <+werner> diner here
[13:26:26] <+werner> bbl
[13:44:06] <+rickf> Forget the Santelli Rant .... Dylan Ratigan went postal on Congress yesterday about the financial system
[13:44:12] <+rickf> wow
[13:46:36] <+rickf> http://www.ritholtz.com/blog/2011/08/ra ... -congress/ if anyone's interested
[14:14:07] <@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
[14:38:36] <pat255> gafternoon ...too late today @office
[14:52:54] <+pat255> S 44.5 paper
[15:01:18] <+Time4now> long small 675.3
[15:01:39] <+pat255> out +3
[15:02:25] <+Time4now> exit 676.2
[15:07:15] <+Time4now> short small 674.2
[15:07:39] <+Time4now> exit 672.1
[15:17:30] <+pat255> vn
[15:18:37] <+Time4now> thanks
[15:18:40] <+Time4now> thats it for me
[15:33:04] <@wrbtrader> Shorts Emini TF @ 668.10 -> small size
[15:33:12] <@wrbtrader> 3 contracts
[15:33:17] <@wrbtrader> support failure
[15:33:25] <+pat255> Hi N
[15:33:49] <+pat255> vix climbing back up again
[15:34:01] <@wrbtrader> pat...exactly
[15:35:27] <@wrbtrader> Covered all Emini TF Short @ 667.40 --> + 0.7
[15:36:09] <@wrbtrader> There's something about 667 price area because I see the same type of price action chop when price hits it
[15:37:13] <+pat255> joined very late today ...meetimgs & no feel here
[15:39:01] <@wrbtrader> Long Emini TF @ 669.90 -> small size
[15:39:10] <@wrbtrader> 2 contracts
[15:41:36] <@wrbtrader> trailing @ profit
[15:42:05] <@wrbtrader> Exited all Emini TF Long @ 670.30 --> + 0.4
[15:42:12] <@wrbtrader> geeeesh
[15:42:20] <+pat255> mkt just cant hold any up move
[15:42:27] <@wrbtrader> trail didn't last long as soon as I moved it up
[15:42:40] <dallasm> this is an earn your money day LOL
[15:43:05] <@wrbtrader> exactly
[15:43:34] <@wrbtrader> Yesterday I felt like a looter with no police around...
[15:43:44] <@wrbtrader> Today there's cops everywhere
[15:44:04] <+Time4now> its like london
[15:44:08] <@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
[15:44:42] <+rickf> Volume is off the chart too ... this is like the 5th 4M-plus /ES day in a week
[15:46:04] <+werner> Shorts Emini NQ @ 2090.00 «« day trade »»
[15:47:29] <@wrbtrader> Lets see if this can move back above 667...just did
[15:47:38] <+werner> Covered all Emini NQ Short @ 2092.00 --> - 2 «« day trade »»
[15:48:02] <+rickf> Only have the ES up riught now ... tempted to short a break below 1126
[15:48:19] <@wrbtrader> weak support developing
[15:49:03] <@wrbtrader> 4pm est rush hour traffic around the corner
[15:49:09] <+werner> Shorts Emini NQ @ 2091.00 «« day trade »»
[15:49:13] <+rickf> nevermind - data locking up on TOS right now. I don't have TS running. :(
[15:49:24] <@wrbtrader> Shorts Emini TF @ 665.30 -> small size
[15:49:29] <@wrbtrader> 3 contracts
[15:49:47] <@wrbtrader> support failure
[15:50:12] <+rickf> short es 1126
[15:50:22] <+rickf> 2 only -- kinda shooting blind @ moment
[15:50:42] <+rickf> ES check ... 1124.25?
[15:51:04] <+Time4now> Take care all,
[15:51:12] <+Time4now> too hungry to continue
[15:51:15] <+rickf> cya
[15:51:18] * Time4now is now known as t4n_gone
[15:51:18] <+werner> Covered all Emini NQ Short @ 2083.00 --> + 8 «« day trade »»
[15:51:27] <+rickf> vn werner
[15:51:45] <+werner> thnx:)
[15:52:29] <+werner> maybe ym sup here
[15:54:13] <+werner> pivot
[15:54:29] <+pat255> k later need to go ty all
[15:54:35] <+rickf> cya
[15:54:47] <+werner> cya
[15:55:18] <@wrbtrader> I'm still waiting for a WRB pt1 to appear
[15:55:42] <+werner> Shorts Emini NQ @ 2075.50 «« day trade »»
[15:56:22] <@wrbtrader> WRB pt1 reached
[15:56:24] <+werner> Covered all Emini NQ Short @ 2072.50 --> + 3 «« day trade »»
[15:56:41] <+rickf> exit 1/2 ES at 1016 +10
[15:56:46] <+rickf> holding 1
[15:56:54] <@wrbtrader> Covered all Emini TF Short @ 658.20 --> + 7.1
[15:56:58] <+werner> wow nice :)
[15:57:05] <+rickf> data getting better thankfully
[15:57:17] <+rickf> exit remainder 1116 +10
[15:57:38] <+werner> nice wrbtrader
[15:58:13] <+rickf> wtg
[15:58:42] <+rickf> first es trade in a looooong time for me
[16:00:28] <+rickf> this market is seriously crazy this past 10 days. yeesh!
[16:03:51] <+rickf> see ya all later -- g'night!
[16:22:12] <+werner> hn all
[16:22:16] <+werner> gn
[16:39:07] * t4n_gone is now known as t4n
[17:10:47] <+t4n> seeya
[17:11:08] <@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: Wed Aug 10 18:15:54 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
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