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 Post subject: August 15th Monday - Futures, ETFs and Forex Currencies
 Post Posted: Mon Aug 15, 2011 8:59 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/viewtopic.php?f=5&t=180

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:
081511-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: Mon Aug 15 09:08:06 2011
Session Ident: #FuturesTrades
[09:08:06] * Now talking in #FuturesTrades
[09:08:06] <@X> [NihabaAshi] chat room archives @ viewforum.php?f=20
[09:11:02] <pat255> gm all
[09:21:31] <StormwolfT> gm all
[09:25:48] <@wrbtrader> Good morning all
[09:26:44] <Trendtrader> gm all
[09:28:14] <drt> gm
[09:32:07] <+Trendtrader> Long TF @ 707.3 «« simulator »»
[09:34:18] <+Trendtrader> Exited all TF Long @ 707.5 --> + 0.2 «« simulator »»
[09:34:33] <+Trendtrader> execution error
[09:37:26] <@wrbtrader> FYI - Housing Market Index @ 10am est
[09:38:30] <+Trendtrader> Long TF @ 709 «« simulator »»
[09:41:48] <+Trendtrader> Exited 3/4 TF Long @ 709.9 --> + 0.9 «« simulator »»
[09:42:24] <+Trendtrader> Exited Remainder TF Long @ 709.1 --> + 0.1 «« simulator »»
[09:46:01] <+pat255> L 90 if hits es
[09:46:42] <+pat255> take it off
[09:49:58] <@wrbtrader> not much since the open
[09:50:15] <@wrbtrader> lack of volatility has me spooked a little...
[09:50:44] <@wrbtrader> Will lower my overall position size unless volatility increases via the pending 10am est report
[09:56:34] <@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
[09:56:48] <StormwolfT> shouldn't you do the opposite?increase ps to make up for the lack of vol
[09:59:54] <@wrbtrader> Not for volatility base method
[10:00:00] <@wrbtrader> Other methods...yes
[10:02:59] <@wrbtrader> Low volatility usually involves tight trading range and increase price noise...not the best time to be increasing position size when using a volatility base trading method
[10:05:09] <@wrbtrader> Shorts Emini TF @ 706.00 -> small size
[10:05:14] <@wrbtrader> 2 contracts
[10:06:41] <@wrbtrader> Covered all Emini TF Short @ 707.00 --> - 1
[10:07:46] <@wrbtrader> Shorts Emini TF @ 706.60 -> small size
[10:08:25] <@wrbtrader> 2 contracts
[10:09:02] <@wrbtrader> Covered all Emini TF Short @ 707.20 --> - 0.6
[10:11:00] <@wrbtrader> Long Emini TF @ 707.50 -> small size
[10:11:05] <@wrbtrader> 3 contracts
[10:11:19] <@wrbtrader> increasing volatility
[10:14:44] <@wrbtrader> volatility still increasing
[10:15:08] <@wrbtrader> trailing @ profit
[10:17:06] <+StormwolfT> 1 point?
[10:17:22] <@wrbtrader> Exited all Emini TF Long @ 709.70 --> + 2.2
[10:17:58] <+Trendtrader> nicely done.
[10:18:41] <@wrbtrader> volatility contraction but I'm expecting a volatility spike here soon
[10:19:01] <@wrbtrader> just don't know which direction
[10:19:06] <@wrbtrader> ooops...it's going higher
[10:19:20] <+pat255> vn N
[10:20:24] <@wrbtrader> Yeah...took the WRB pt1 even though I hung around a little longer to see if I could get more
[10:29:31] <@wrbtrader> Emini TF ($TF_F) futures almost back at the price before the U.S. lost it's AAA rating by the S&P rating
[10:32:01] <@wrbtrader> That price @ 715.60 via the Friday close of August 5th
[10:32:36] <@wrbtrader> That's about 5 points away.
[10:32:57] <@wrbtrader> Last week...5 points was small :)
[10:33:03] <+pat255> guess all problems resolvef? lol
[11:08:46] <@wrbtrader> Emini TF price just dropped below the open of the WRB Hidden GAP @ 1014am est via the 2min chart
[11:10:10] <@wrbtrader> Shorts Emini TF @ 707.10 -> small size
[11:10:14] <@wrbtrader> 1 contract
[11:11:22] <+pat255> geez missed NQ S .did not chase it ...sometimes it pays to chase
[11:12:14] <@wrbtrader> creeper price action right now
[11:15:26] <@wrbtrader> trailing @ profit
[11:16:08] <@wrbtrader> Covered all Emini TF Short @ 706.10 --> + 1
[11:16:31] <@wrbtrader> sideline...
[11:16:39] <@wrbtrader> lost in that creeper price action
[11:18:31] <@wrbtrader> At the pace of this volatility...it won't reach that prior price level of the U.S. losing it's AAA rating
[11:18:39] <@wrbtrader> volatility spike now
[11:19:36] <@wrbtrader> hopefully the increased volatilty the past 2 mins will stay awhile and produce some trade opportunities
[11:24:21] <@wrbtrader> weak support developed
[11:24:45] <@wrbtrader> Shorts Emini TF @ 703.30 -> small size
[11:24:49] <@wrbtrader> 3 contracts
[11:25:13] <@wrbtrader> increasing volatility
[11:26:34] <@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
[11:30:37] <@wrbtrader> volatility contraction again
[11:31:00] <@wrbtrader> still the same creeper price action
[11:31:46] <@wrbtrader> volatility spike Emini ES
[11:32:21] <dallasm> starting to think there is accumlation going on big time
[11:33:09] <@wrbtrader> Covered all Emini TF Short @ 703.20 --> + 0.1
[11:35:56] <@wrbtrader> Long Emini TF @ 704.10 -> medium size
[11:36:04] <@wrbtrader> 2+2
[11:37:10] <@wrbtrader> tighten stop/loss
[11:38:48] <@wrbtrader> Exited all Emini TF Long @ 704.00 --> - 0.1
[11:38:49] <+pat255> k guys back to meeting
[11:38:55] <+pat255> c u all later ty
[11:39:46] <@wrbtrader> sidelined
[11:44:49] <+Trendtrader> Long TF @ 704.2 «« simulator »»
[11:45:07] <+Trendtrader> Exited all TF Long @ 704.6 --> + 0.4 «« simulator »»
[11:45:22] <+Trendtrader> performed this a couple of mins ago.
[11:48:16] <@wrbtrader> I'm back...
[11:49:43] <@wrbtrader> looks like I return when its contracting again :(
[11:52:50] <+Trendtrader> gotta go, see all tomorrow.
[11:54:39] <@wrbtrader> bearish price action right now but NO confirmation signal to get short
[11:55:41] <@wrbtrader> Shorts Emini TF @ 706.70 -> small size
[11:55:49] <@wrbtrader> 3 contracts
[11:58:21] <@wrbtrader> increasing volatility...hpe it last and keeps pushing price down instead of back UP
[11:59:41] <@wrbtrader> Covered all Emini TF Short @ 706.60 --> + 0.1
[12:00:15] <@wrbtrader> Long Emini TF @ 707.20 -> medium size
[12:00:19] <@wrbtrader> 4 contracts
[12:05:48] <@wrbtrader> Exited all Emini TF Long @ 706.60 --> - 0.6
[12:05:58] <@wrbtrader> Shorts Emini TF @ 706.50 -> medium size
[12:06:06] <@wrbtrader> 4 contracts
[12:06:56] <@wrbtrader> I'm still threading water over the past few trades
[12:07:30] <+dallasm> this short looks promising :-)
[12:07:42] <@wrbtrader> trailing @ profit
[12:10:05] <@wrbtrader> Covered all Emini TF Short @ 705.60 --> + 0.9
[12:12:45] <@wrbtrader> Long Emini TF @ 706.20 -> small size
[12:12:59] <@wrbtrader> 2 contracts
[12:13:09] <@wrbtrader> :(
[12:13:23] <@wrbtrader> Exited all Emini TF Long @ 706.00 --> - 0.2
[12:13:37] <@wrbtrader> screwed up that entry
[12:17:54] <@wrbtrader> Long Emini TF @ 706.10 -> small size
[12:18:10] <@wrbtrader> 2 contracts
[12:19:49] <@wrbtrader> so far...looks like a typical low volatility trading day
[12:20:25] <@wrbtrader> won't complain much because it could be worst if we had that "ping pong" price action
[12:22:53] <@wrbtrader> Exited all Emini TF Long @ 705.60 --> - 0.5
[12:24:08] <@wrbtrader> every time it drops back down into the range of that recent WRB Hidden GAP...I exit the trade
[12:24:35] <@wrbtrader> not a good area to hold on to a Loser because it's also a good area for a new trade opportunity
[12:25:23] <@wrbtrader> Long Emini TF @ 706.10 -> small size
[12:25:33] <@wrbtrader> 2 contracts
[12:25:44] <@wrbtrader> same entry with same stop
[12:26:20] <@wrbtrader> tightening stop/loss
[12:30:12] <@wrbtrader> trailing @ profit
[12:34:24] <@wrbtrader> Exited all Emini TF Long @ 706.90 --> + 0.8
[12:40:55] <@wrbtrader> TF back inside the range of the WRB Hidden GAP @ 1054am est
[12:51:36] <@wrbtrader> weak resistance developing
[12:56:35] <@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
[13:00:01] <@wrbtrader> Long Emini TF @ 709.20 -> small size
[13:00:08] <@wrbtrader> 3 contracts
[13:00:14] <@wrbtrader> intuition
[13:00:21] <@wrbtrader> creeper up movement
[13:02:10] <@wrbtrader> increasing volatility but it has problems
[13:05:59] <@wrbtrader> Exited all Emini TF Long @ 708.60 --> - 0.6
[13:06:31] <@wrbtrader> Shorts Emini TF @ 708.00 -> medium size
[13:06:35] <@wrbtrader> 4 contracts
[13:09:55] <@wrbtrader> ping pong price action just showed up
[13:10:25] <@wrbtrader> will lower my overall position size more after I close this position
[13:10:59] <@wrbtrader> WRB pt1 reached...first one of the day for me
[13:12:06] <@wrbtrader> meant 2nd one of the day
[13:12:57] <@wrbtrader> Covered all Emini TF Short @ 706.30 --> + 1.7
[13:14:24] <@wrbtrader> 7 losers and 7 winners but profit goal reached for the low volatility trading day
[13:21:01] <@wrbtrader> We're essentially (currently) contracting again back inside the price range of the first 30 mins of the trading day...
[13:21:13] <@wrbtrader> A good perspective of the overall volatility today
[13:21:50] <@wrbtrader> Take a look at the 15 min chart and you'll wish you stayed in bed today :)
[13:23:05] <@wrbtrader> Light Crude Oil CL futures has been in it's own volatility contraction since 10am est
[13:23:42] <@wrbtrader> In contrast, Gold GC futures more lively since 10am est
[13:24:40] <@wrbtrader> Gold GC futures has nice looking WRB Hidden GAPs @ 1215pm est and 1115am est via the 15 min chart
[14:23:35] <@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
[14:24:55] <@wrbtrader> Almost a new intraday high for Emini TF
[14:28:52] <@wrbtrader> Long Emini TF @ 712.20 -> small size
[14:28:59] <@wrbtrader> 1 contract
[14:29:02] <@wrbtrader> intuition
[14:31:51] <@wrbtrader> Exited Emini TF Long @ 712.30 --> + 0.1
[14:31:55] <@wrbtrader> :(
[14:33:54] <@wrbtrader> big spike down
[14:38:40] <@wrbtrader> Shorts Emini TF @ 709.70 -> small size
[14:38:45] <@wrbtrader> 1 contract
[14:39:30] <@wrbtrader> reason for the 1 contract trades is because I'm in "profit protection mode" to ensure my trading day results as a profit
[14:41:15] <@wrbtrader> Covered Emini TF Short @ 710.70 --> - 1
[14:45:35] <LA> Long TF 711
[14:47:34] <+LA> sold 1/2 712
[14:50:00] <@wrbtrader> Long Emini TF @ 712.20 -> small size
[14:50:09] <@wrbtrader> same trade as before
[14:50:37] <@wrbtrader> 1 contract
[14:50:49] <+LA> Stopped on Trail 711.6
[14:51:29] <@wrbtrader> Exited Emini TF Long @ 711.50 --> - 0.7
[14:52:34] <@wrbtrader> Shorts Emini TF @ 711.00 -> small size
[14:52:40] <@wrbtrader> 1 contract
[14:55:43] <@wrbtrader> Covered Emini TF Short @ 711.70 --> - 0.7
[14:56:07] <@wrbtrader> range is getting tighter...
[14:56:13] <@wrbtrader> expecting a volatility spike here soon
[15:03:53] <@wrbtrader> Long Emini TF @ 712.80 -> small size
[15:03:59] <@wrbtrader> 1 contract
[15:04:06] <@wrbtrader> same as prior trade
[15:04:28] <@wrbtrader> its trying hard to push higher but keeps getting hanked back
[15:09:14] <@wrbtrader> Exited Emini TF Long @ 712.90 --> + 0.1
[15:20:35] <+LA> Long TF 713
[15:23:48] <+LA> Sold TF 712 -1
[15:34:28] <@wrbtrader> Long Emini TF @ 712.50 -> small size
[15:34:32] <@wrbtrader> 1 contract
[15:34:36] <@wrbtrader> intuition
[15:39:33] <@wrbtrader> Exited Emini TF Long @ 713.00 --> + 0.5
[15:43:29] <@wrbtrader> Long Emini TF @ 713.70 -> small size
[15:43:34] <@wrbtrader> 1 contract
[15:43:41] <@wrbtrader> intuition
[15:46:11] <@wrbtrader> [10:29:31] <@wrbtrader> Emini TF ($TF_F) futures almost back at the price before the U.S. lost it's AAA rating by the S&P rating
[15:46:11] <@wrbtrader> [10:32:01] <@wrbtrader> That price @ 715.60 via the Friday close of August 5th
[15:46:47] <@wrbtrader> It's that 715.60 mentioned earlier as the closing price of Friday August 5th as a key pivot point.
[15:49:25] <@wrbtrader> 4pm est rush hour traffic around the corner
[15:49:34] <@wrbtrader> trailing @ profit
[15:52:10] <@wrbtrader> 715.60 reached...I'm now waiting for a WRB pt1
[15:53:36] <@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
[15:54:16] <@wrbtrader> Exited Emini TF Long @ 715.00 --> + 1.3
[15:54:30] <@wrbtrader> early exit
[15:55:29] <@wrbtrader> I decided to just watch the close instead of trying to manage an open position.
[15:56:03] <@wrbtrader> Further...didn't like how it retraced back from 715.60
[15:59:25] <@wrbtrader> That WRB pt1 appeared @ 716.80
[15:59:51] <@wrbtrader> too bad I wasn't still on board of that trade
[17:23:36] <@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
[18:22:25] * wrbtrader is now known as wrbtrader_away
Session Close: Mon Aug 15 20:30:26 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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