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 Post subject: August 18th Thursday - Futures, ETFs and Forex Currencies
 Post Posted: Thu Aug 18, 2011 2:09 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:
081811-Key-Price-Action-Markets.png
081811-Key-Price-Action-Markets.png [ 516.97 KiB | Viewed 186 times ]

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

Session Start: Thu Aug 18 09:18:05 2011
Session Ident: #FuturesTrades
[09:18:05] * Now talking in #FuturesTrades
[09:18:05] <@X> [NihabaAshi] chat room archives @ viewforum.php?f=20
[09:18:26] <Trendtrader> gm all
[09:20:12] <@wrbtrader> Good morning all...I didn't trade yesterday due to spending time with the kids (went to the zoo).
[09:28:25] <drt> gm
[09:30:39] <+Trendtrader> Shorts TF @ 679 «« simulator »»
[09:30:47] <@wrbtrader> Shorts Emini TF @ 677.80 -> large size
[09:30:55] <+Trendtrader> Covered 3/4 TF Short @ 678 --> + 1 «« simulator »»
[09:31:02] <@wrbtrader> 6 contracts
[09:31:22] <@wrbtrader> intuition (not technical trade)
[09:32:46] <+Trendtrader> Covered Remainder TF Short @ 678.9 --> + 0.1 «« simulator »»
[09:32:49] <@wrbtrader> Covered all Emini TF Short @ 678.60 --> - 0.8
[09:33:49] <@wrbtrader> Shorts Emini TF @ 677.50 -> large size
[09:33:57] <@wrbtrader> same trade
[09:36:20] <+Trendtrader> wrb, nice re-entry
[09:36:47] <pat255> gm all
[09:36:48] <@wrbtrader> first trade was a better entry but I got shaken out
[09:36:54] <+pat255> L 54.5 es paper
[09:37:28] <+Trendtrader> I saw that, I did too
[09:38:23] <+Trendtrader> I need to work on my re-entries.
[09:40:01] <@wrbtrader> trailing @ profit
[09:41:05] <@wrbtrader> Covered 1/2 Emini TF Short @ 674.00 --> + 3.5
[09:42:46] <@wrbtrader> Covered Emini TF Short @ 673.80 --> + 3.7
[09:42:49] <@wrbtrader> Holding 1 contract
[09:43:08] <+pat255> vn
[09:43:14] <+pat255> out -1 es
[09:50:00] <@wrbtrader> Covered Remainder Emini TF Short @ 675.50 --> + 2
[09:52:10] <+Trendtrader> nice trading, wrb
[09:55:29] <@wrbtrader> Gold GC futures had a huge movement upwards since 0605am est this morning
[09:56:28] <@wrbtrader> Light Crude Oil CL futures had just the opposite...similar to the Emini futures and Eurex futures (e.g. DAX)
[09:57:36] <+pat255> gold is parabolic
[09:59:36] <@wrbtrader> wow...sudden spike down
[09:59:59] <@wrbtrader> had to look several times to make sure it wasn't a data error
[10:00:28] <+pat255> any news?
[10:01:18] <@wrbtrader> Spike down in Oil futures and Emini futures, Eurex futures, Euronext futures...opposite (spike upwards) in Gold GC futures
[10:02:32] <@wrbtrader> U.S. Secretary Hilary Clinton making a public announcement for Syria president to step down
[10:02:54] <@wrbtrader> Financial sanctions against Syria
[10:03:07] <+pat255> thls N
[10:03:15] <@wrbtrader> something also involving Oil exports too
[10:04:43] <@wrbtrader> Shorts Emini TF @ 665.00 -> medium size
[10:04:49] <@wrbtrader> 4 contracts
[10:04:55] <@wrbtrader> intuition
[10:05:23] <@wrbtrader> I'm just following the obvious direction right now
[10:06:18] <@wrbtrader> Covered all Emini TF Short @ 663.80 --> + 1.2
[10:07:35] <dallasm> do you ever trade options on days like this?
[10:08:54] <@wrbtrader> I never trade options and if I did...I most likely would only make a few trades per month
[10:09:04] <@wrbtrader> trading on days like today
[10:09:55] <@wrbtrader> actually, with all the crazy volatility the past 2 weeks or so...
[10:10:25] <+dallasm> gotcha. was looking at the spy puts at the money.. up like 800%.
[10:10:26] <@wrbtrader> Option traders must be seeing BIG profits or BIG losses.
[10:10:39] <@wrbtrader> Yeah...agree
[10:11:01] <@wrbtrader> +800% is mind boggling
[10:11:33] <@wrbtrader> Type of trades you see a few times per year
[10:14:37] <+pat255> es begin to make hi lows
[10:14:42] <+dallasm> I notice (atleast I think) you don't trade the pre or post market much.. is that because of volatility during the regular session
[10:15:16] <@wrbtrader> No...personal reasons involving my family...usually not around to trade at that time
[10:16:27] <@wrbtrader> Long Emini TF @ 672.00 -> small size
[10:16:37] <@wrbtrader> 2 contracts
[10:17:31] <@wrbtrader> Exited all Emini TF Long @ 671.00 --> - 1
[10:22:07] <@wrbtrader> I'm surprised the White House allowed the U.S. Secretary Clinton to give a breaking news conference about Syria when Oil futures and Emini futures was already doing poorly big time...
[10:22:36] <@wrbtrader> Yet, maybe someone already had priviledge info PRIOR to the news conference :)
[10:23:09] <@wrbtrader> someone = I'm going to make a quick phone call to my buddy at the big wall street firm
[10:23:19] <LGA> Long TF 671
[10:24:48] <@wrbtrader> Long Emini TF @ 672.00 -> small size
[10:24:55] <@wrbtrader> 2 contracts
[10:24:58] <@wrbtrader> same trade as prior
[10:25:20] <+LGA> Sold 672.5 +1.5
[10:26:15] <@wrbtrader> Exited all Emini TF Long @ 672.10 --> + 0.1
[10:27:46] <@wrbtrader> EuroFX 6e futures still trying to find some legs to stand up on
[10:27:57] <@wrbtrader> Long Emini TF @ 673.00 -> small size
[10:28:06] <@wrbtrader> 2 contracts
[10:28:23] <@wrbtrader> still using the 675 as a profit target
[10:29:56] <@wrbtrader> Exited all Emini TF Long @ 672.40 --> - 0.6
[10:32:29] <@wrbtrader> Long Emini TF @ 673.20 -> small size
[10:32:40] <@wrbtrader> 3 contracts
[10:32:51] <@wrbtrader> volatility increasing
[10:35:03] <@wrbtrader> Exited all Emini TF Long @ 672.20 --> - 1
[10:35:50] <@wrbtrader> Shorts Emini TF @ 671.20 -> large size
[10:35:56] <@wrbtrader> 3+3
[10:38:00] <@wrbtrader> chop showed up :(
[10:39:35] <@wrbtrader> trailing @ profit
[10:41:49] <@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
[10:46:39] <@wrbtrader> Covered all Emini TF Short @ 669.50 --> + 1.7
[10:48:20] <@wrbtrader> Long Emini TF @ 670.70 -> small size
[10:48:30] <@wrbtrader> 2 contracts
[10:48:45] <@wrbtrader> same profit target of 675
[10:52:03] <@wrbtrader> trailing @ profit
[10:54:49] <@wrbtrader> Exited all Emini TF Long @ 671.30 --> + 0.6
[10:56:04] <@wrbtrader> :(
[10:56:11] <@wrbtrader> looks like I got picked pocketed
[10:57:47] <@wrbtrader> Long Emini TF @ 672.50 -> small size
[10:57:52] <@wrbtrader> 2+1
[10:58:08] <@wrbtrader> same profit target @ 675
[10:58:33] <@wrbtrader> my prior Longs in this area had a lot of trouble
[10:59:18] <@wrbtrader> stop/loss tighten
[11:01:12] <@wrbtrader> Exited all Emini TF Long @ 672.20 --> - 0.3
[11:02:26] <@wrbtrader> volatility contracting and range getting smaller
[11:03:44] <@wrbtrader> looks like that's as good as it's going to get unless increasing volatility shows up and last for more than 5 mins
[11:05:00] <@wrbtrader> Shorts Emini TF @ 671.70 -> small size
[11:05:12] <@wrbtrader> 3 contracts
[11:05:16] <@wrbtrader> trade error
[11:06:25] <@wrbtrader> Covered all Emini TF Short @ 672.20 --> - 0.5
[11:09:31] <@wrbtrader> Long Emini TF @ 671.30 -> small size
[11:09:41] <@wrbtrader> 3 contracts
[11:10:08] <@wrbtrader> got a 2nd chance after the prior trade I went Short instead of Long
[11:11:16] <@wrbtrader> Exited all Emini TF Long @ 671.30 --> 0
[11:12:15] <@wrbtrader> be back later...distraction here at home
[11:54:36] <T4N_paper> long small 674.3
[11:57:22] <+T4N_paper> exit 674.4
[12:11:50] <@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
[12:15:10] <+T4N_paper> short med 673.5
[12:21:08] <+T4N_paper> could go either way now
[12:24:00] <+T4N_paper> exit 1/2 673
[12:25:15] <+T4N_paper> exit rem 673.4
[12:48:21] <@wrbtrader> weak support developing
[12:56:35] <@wrbtrader> volatility contracting...waiting for a volatility spike
[12:57:11] <@wrbtrader> I'm now expecting a volatility spike here soon
[12:57:21] <@wrbtrader> even though its still the noon trading session
[12:58:14] <@wrbtrader> Shorts Emini TF @ 668.60 -> small size
[12:58:19] <@wrbtrader> 2 contracts
[12:59:49] <@wrbtrader> support getting stronger
[13:00:49] <@wrbtrader> Covered all Emini TF Short @ 669.00 --> - 0.4
[13:02:49] <@wrbtrader> Long Emini TF @ 669.10 -> small size
[13:02:58] <@wrbtrader> 3 contracts
[13:03:44] <@wrbtrader> tighten stop/loss
[13:04:20] <@wrbtrader> Exited all Emini TF Long @ 668.60 --> - 0.5
[13:04:36] <@wrbtrader> Shorts Emini TF @ 668.30 -> medium size
[13:04:41] <@wrbtrader> 4 contracts
[13:05:43] <@wrbtrader> volatility spike
[13:06:43] <@wrbtrader> WRB pt1 reached
[13:14:39] <@wrbtrader> Covered 3/4 Emini TF Short @ 664.80 --> + 3.5
[13:33:20] <@wrbtrader> Results so far via not using my normal trading system...relying more on intuition...
[13:33:41] <@wrbtrader> 8 losses, 6 winners, 1 breakeven = 3k profit
[13:34:22] <@wrbtrader> Losses mainly small per trade and on small size
[13:34:43] <@wrbtrader> In contrast, winners much larger than losers and on larger position size
[13:34:54] <+T4N_paper> good work
[13:35:05] <@wrbtrader> Simply, position size management is why I'm profitable today.
[13:37:34] <@wrbtrader> Covered Remainder Emini TF Short @ 663.20 --> + 5.1
[13:41:50] <@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
[14:07:22] <+T4N_paper> short small 664.9
[14:08:52] <+T4N_paper> exit 664.9
[14:10:53] <+T4N_paper> short small 663.9
[14:11:40] <+T4N_paper> exit 663.6
[14:17:30] <+T4N_paper> :/ didnt get my long entry
[14:17:36] <+T4N_paper> would have quit for the day
[14:17:47] <+T4N_paper> guess i'll keep going
[14:21:04] <+T4N_paper> short small 665.1
[14:21:56] <+T4N_paper> exit 666.1
[14:29:09] <+T4N_paper> short small 666.6
[14:29:34] <+T4N_paper> exit 665.5
[14:43:58] <@wrbtrader> Shorts Emini TF @ 665.60 -> small size
[14:44:05] <@wrbtrader> 2 contracts
[14:45:41] <@wrbtrader> Covered all Emini TF Short @ 664.90 --> + 0.7
[14:46:08] <@wrbtrader> that's an early out
[14:46:23] <@wrbtrader> not intended to be a quick trade
[14:46:44] <@wrbtrader> I moved my stop into a profitable trail too soon
[14:46:56] <@wrbtrader> Thus, trade management error
[14:48:09] <@wrbtrader> On that note and with feeling tired from yesterday's activities with the kids as a personal day off from trading...
[14:48:20] <@wrbtrader> I'm calling it quits early today.
[14:48:30] <@wrbtrader> Take care all and see all tomorrow
[14:49:25] * wrbtrader is now known as wrbtrader_away
[14:54:17] <+T4N_paper> seeya
[15:11:51] <@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: Mon Aug 18 16:20:26 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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