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 Post subject: September 28th Weds - Futures, ETFs and Forex Currencies
 Post Posted: Wed Sep 28, 2011 5:26 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:
092811-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 Sep 28 09:32:37 2011
Session Ident: #FuturesTrades
[09:32:37] * Now talking in #FuturesTrades
[09:32:37] <@X> [NihabaAshi] chat room archives @ viewforum.php?f=20
[09:34:30] <intowin> Exited all Emini YM Long @ 11190 --> + 31
[09:37:33] <Tigerman> GM all
[09:37:39] <pat255> gm
[09:37:53] <+pat255> @office ..needto be careful
[09:40:35] <+Tigerman> grr
[09:40:46] <+Tigerman> a lot of spike shake me out..
[09:41:02] <+pat255> no oomph in the mkt
[09:45:56] <+pat255> L 75.25 es
[09:48:04] <+pat255> out +1
[09:52:28] <+pat255> L 76.25
[09:52:49] <+Tigerman> no understand market today :(
[09:53:21] <@wrbtrader> Yeah...I'm still sidelines
Quote:
[09:53:53] <@wrbtrader> I do have an overall BEARISH bias.
[09:53:54] <+pat255> out here
[09:54:13] <+pat255> early again
[09:54:30] <@wrbtrader> Yet, I only use my bias for position size management and not for trade direction management

[09:56:59] <@wrbtrader> I only saw one trade opportunity so far and that was a Long signal off the intraday lows
[09:57:22] <@wrbtrader> Yet, I wasn't prepare to trade then due to late arrival to my desk
[09:57:44] <@wrbtrader> got stuck in traffic :(
[10:02:04] <+pat255> hmmm S are back ..
[10:03:07] <@wrbtrader> Shorts Emini TF @ 676.40 -> medium size
[10:03:17] <@wrbtrader> 2+2
[10:04:59] <+Tigerman> look x long
[10:05:39] <@wrbtrader> tighten stop loss
[10:07:40] <@wrbtrader> Covered all Emini TF Short @ 675.20 --> + 1.2
[10:07:51] <@wrbtrader> early exit
[10:07:56] <@wrbtrader> :(
[10:08:20] <+pat255> N your bias was correct ..
[10:11:05] <@wrbtrader> Shorts Emini TF @ 675.20 -> small size
[10:11:12] <@wrbtrader> 3 contracts
[10:11:16] <@wrbtrader> intuition
[10:14:04] <@wrbtrader> Covered all Emini TF Short @ 675.80 --> - 0.6
[10:15:02] <@wrbtrader> Shorts Emini TF @ 675.50 -> medium size
[10:15:07] <+Tigerman> Shorts TF @ 675.3 «« simulator »»
[10:15:13] <@wrbtrader> 2+1+1
[10:15:16] <@wrbtrader> :(
[10:15:18] <@wrbtrader> geeesh
[10:16:17] <@wrbtrader> volatility spike
[10:16:21] <@wrbtrader> tough trade
[10:17:11] <@wrbtrader> Covered all Emini TF Short @ 671.90 --> + 3.6
[10:17:19] <+pat255> vn
[10:17:25] <+Tigerman> Covered all TF Short @ 672.5 --> + 2.8 «« simulator »»
[10:18:40] <+pat255> geez es dropped 12 pts
[10:22:29] <+Tigerman> any big news ??
Quote:
[10:23:33] <@wrbtrader> I don't see anything so far on Bloomberg, CNBC or twitter
[10:24:10] <+Tigerman> btw what about tobin tax proposal by mad eu staff?

[10:24:36] <@wrbtrader> that was reported much earlier ?
[10:26:17] <@wrbtrader> The price drop occurred when the market was watching the "big Amazon news"
[10:26:44] <@wrbtrader> I don't think its related
[10:26:51] <@wrbtrader> If it was, it'll rebound quickly
[10:27:09] <+intowin> bof lawsuit was the news drop
[10:27:18] <+intowin> bank of america
[10:30:16] <@wrbtrader> This market is so sensitive for the downside...a commerical break on the major Financial networks can drop prices on a volatility spike :)
Quote:
[10:32:15] <@wrbtrader> For those watching Gold GC futures or Silver SI futures - "Gold, silver swerve between small gains and losses" @ http://www.marketwatch.com/story/calm-r ... atest_news

[10:33:16] <+Tigerman> so nobody here involved with EU tobin tax ?
[10:33:34] <+Tigerman> lucky US residents :)
[10:33:35] <@wrbtrader> not me :)
[10:34:23] <+Tigerman> I forget Canada :)
[10:34:28] <@wrbtrader> Its a no win situation...riots are going to happen.
[10:34:59] <+Tigerman> Seems the tax is relate ro residence and not exchange
[10:35:12] <@wrbtrader> Didn't the weirdos forecast the End of the world or the start of an Apocalypse towards the end of 2012 ?
[10:35:25] <+Tigerman> yes :)
[10:35:46] <@wrbtrader> Well...maybe it'll be economic because things don't look so good right now
[10:36:12] <+Tigerman> yes of course a lot of debt out there
[10:37:05] <@wrbtrader> weak support developed in the Emini Futures and Eurex Futures
[10:37:55] <@wrbtrader> Long Emini TF @ 667.80 -> small size
[10:37:59] <@wrbtrader> 2 contracts
[10:38:16] <@wrbtrader> tight stop
[10:38:31] <@wrbtrader> Exited all Emini TF Long @ 667.40 --> - 0.4
[10:39:10] <@wrbtrader> Shorts Emini TF @ 665.80 -> medium size
[10:39:20] <@wrbtrader> 3+1
[10:41:18] <@wrbtrader> Covered all Emini TF Short @ 665.70 --> + 0.1
[10:42:19] <@wrbtrader> Long Emini TF @ 666.60 -> small size
[10:42:26] <@wrbtrader> 2 contracts
[10:42:49] <@wrbtrader> same trade as the recent Long position that resulted as a loss
[10:44:34] <@wrbtrader> Exited all Emini TF Long @ 666.80 --> + 0.2
[10:53:49] <@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
[10:59:46] <+Tigerman> OK I can give you some detail about EU crazy proposal
[10:59:48] <@wrbtrader> Hmmm...
[11:00:15] <+Tigerman> 0.1% on spot transation
[11:00:46] <+Tigerman> 0,01 on derivate !!!! :(
[11:01:12] <+Tigerman> plan to start from 2014
[11:01:32] <+Tigerman> but is a non sence because world is over in 2012 :)
[11:02:20] <@wrbtrader> If the world is going to end...
[11:02:54] <@wrbtrader> I'm going to put on a mega Short position...my entire trading capital.
[11:02:56] <@wrbtrader> :)
[11:03:11] <+Tigerman> yep but this EU tax destroy traders from EU
[11:03:44] <+Tigerman> what is not clear is if depend on trader residence or apply on exchange
[11:04:03] <@wrbtrader> Shorts Emini TF @ 665.20 -> large size
[11:04:08] <@wrbtrader> 3+3
[11:04:32] <+Tigerman> this last short is that MEGA short ?? :)
[11:04:51] <@wrbtrader> :)
[11:04:52] <@wrbtrader> no
[11:05:15] <+Tigerman> wow we are safe for now..
[11:05:34] <@wrbtrader> It'll be in Light Crude Oil CL futures, Gold GC futures or Emini ES futures when the Apocalypse happens
[11:07:18] <+Tigerman> In meantime I exit see all next..:)
[11:11:24] <pat255> got disconnected
[11:11:29] <@wrbtrader> Covered 2/3 Emini TF Short @ 663.00 --> + 2.2
[11:12:40] <@wrbtrader> Covered Remainder Emini TF Short @ 664.80 --> + 0.4
[11:12:57] <@wrbtrader> geeesh...didn't see that counter-thrust coming
[11:13:46] <@wrbtrader> Long Emini TF @ 665.10 -> small size
[11:13:51] <@wrbtrader> 2 contracts
[11:14:04] <@wrbtrader> don't have time to worry about spill milk
[11:14:16] <@wrbtrader> get Long and try to hold on
[11:16:05] <@wrbtrader> Exited all Emini TF Long @ 665.50 --> + 0.4
[11:16:39] <@wrbtrader> had my chance
[11:16:54] <@wrbtrader> sideline for any Long positions
[11:17:48] <@wrbtrader> will now need to see a pullback and then a higher low to look for another Long position
[11:25:15] <@wrbtrader> Long Emini TF @ 665.90 -> small size
[11:25:30] <@wrbtrader> 3 contracts
[11:26:46] <@wrbtrader> Exited all Emini TF Long @ 665.50 --> - 0.4
[11:27:46] <@wrbtrader> Long Emini TF @ 665.10 -> small size
[11:27:51] <@wrbtrader> 3 contracts
[11:27:59] <@wrbtrader> same trade...better price entry
[11:30:54] <@wrbtrader> Exited all Emini TF Long @ 665.20 --> + 0.1
[11:30:58] <@wrbtrader> :(
[11:32:02] <@wrbtrader> Obviously not enough traders to push this higher right now :(
[11:32:02] <+intowin> Shorts Emini YM @ 11137
[11:32:15] <@wrbtrader> someone should have told me that about 5 mins ago
[11:34:07] <@wrbtrader> Shorts Emini TF @ 664.20 -> small size
[11:34:14] <@wrbtrader> 2+2
[11:34:24] <+intowin> Covered all Emini YM Short @ 11135 --> + 2
[11:34:25] <@wrbtrader> medium...not small
[11:35:47] <@wrbtrader> Covered all Emini TF Short @ 664.00 --> + 0.2
[11:35:51] <@wrbtrader> :(
[11:36:01] <@wrbtrader> I'm not here today to trade for ticks...
[11:36:18] <@wrbtrader> I have a strong bias to the downside and I'm looking for points.
[11:36:21] <+pat255> y lunch hour approaching
[11:36:46] * wrbtrader is now known as wrbtrader_away
[11:37:35] <+intowin> Long Emini YM @ 11156
[11:52:03] <+intowin> Exited all Emini YM Long @ 11196 --> + 40
[11:55:16] <+pat255> vn
[11:57:02] <+intowin> thanks that one made me nervous holding so long
[11:57:18] <+pat255> trend was up ..tho
[12:20:50] <@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
[12:24:55] <+intowin> Long Emini YM @ 11136
[12:27:09] <+intowin> Exited all Emini YM Long @ 11146 --> + 10
[12:36:45] <+intowin> Long Emini YM @ 11124
[12:38:03] <+intowin> Exited all Emini YM Long @ 11134 --> + 10
[12:51:16] * wrbtrader_away is now known as wrbtrader
Quote:
[12:52:29] <@wrbtrader> By the way, here's one of the articles online about the "EU Proposes Financial Transaction Tax" that Tigerman had mentioned earlier today...
[12:52:36] <@wrbtrader> http://www.bloomberg.com/news/2011-09-2 ... -2014.html

[13:13:12] <dtomassino> Good morning Gentlemen
[13:13:16] <+dtomassino> And ladies if there is any
[13:13:28] <@wrbtrader> Good morning dtomassino
[13:13:45] <+pat255> minor sup here
[13:13:48] <+pat255> hi dt
[13:13:53] <+dtomassino> how you guys doing?
[13:14:23] <@wrbtrader> I'm doing a lot better now after taking a brief break from trading...had a bad headache
[13:14:27] <+pat255> break of minor sup on es
[13:14:47] <@wrbtrader> $VXX breaking above its recent volatility contraction
[13:15:17] <+pat255> y bd here
[13:15:36] <@wrbtrader> Shorts Emini TF @ 666.20 -> small size
[13:15:42] <@wrbtrader> 1 contract
[13:15:56] <@wrbtrader> Shorts Emini TF @ 664.30 -> Add
[13:16:01] <@wrbtrader> 1 added
[13:16:39] <@wrbtrader> Shorts Emini TF @ 666.40 -> Add
[13:16:44] <@wrbtrader> 1 added
[13:16:47] <@wrbtrader> tight stop loss
[13:17:38] <@wrbtrader> Covered all Emini TF Short @ 666.80 --> - 1
[13:19:02] <+pat255> minor sup holding a bit
[13:19:55] <@wrbtrader> Shorts Emini TF @ 666.00 -> small size
[13:19:58] <+pat255> broke now
[13:20:06] <@wrbtrader> 2+1
[13:20:26] <@wrbtrader> missed a great re-entry :(
[13:20:44] <@wrbtrader> Had 666.90 in my scope
[13:25:47] <@wrbtrader> Covered all Emini TF Short @ 664.00 --> + 2
[13:29:50] <+pat255> vn N
[13:30:04] <+pat255> geez distractions @ office ..lol
[13:50:50] <@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
[14:04:01] <+pat255> slow drip down
[14:19:00] <+dtomassino> im short at 61.5 but havent got enough separation, will take it long at the same place
[14:19:13] <+dtomassino> if need be
[14:20:01] <@wrbtrader> So far it looks like a "weak counter-thrust" after the low...
[14:20:27] <@wrbtrader> Haven't seen much "knife catching" on the bounce.
[14:20:41] <@wrbtrader> If it heads south again...I'm looking for another Short
[14:21:06] <+dtomassino> yeah lets see
[14:22:23] <+dtomassino> patience the name of the game
[14:22:43] <@wrbtrader> Hate when I accidentally click the wrong button and close my trading program and charting program at the "same time" :(
[14:22:59] <+dtomassino> ouch.
[14:23:02] <+dtomassino> but it happens
[14:24:08] <+intowin> Long Emini YM @ 39
[14:27:18] <+intowin> Exited all Emini YM Long @ 38 --> - 1
[14:33:48] <+pat255> may not see cover at the eod
[14:55:50] <+intowin> Long Emini YM @ 40
[15:03:56] <+intowin> Exited all Emini YM Long @ 80 --> + 40
[15:04:06] <+pat255> vn
[15:07:28] <+intowin> having a decent day thanks
[15:20:51] <@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
[15:37:30] <@wrbtrader> Just got back...
[15:37:41] <@wrbtrader> looks like I took a break from trading at the wrong time :(
[15:38:05] <@wrbtrader> Oh well...can't catch every move :)
[15:45:44] <+pat255> back ...
[15:45:55] <+pat255> k guys close now ..ty all
[15:46:01] <@wrbtrader> take care
[15:46:07] <+pat255> you too N
[15:46:47] <@wrbtrader> another support failure
[15:48:20] <@wrbtrader> I still don't see a support area down here
[15:48:49] <@wrbtrader> This thing can go lower very easily until volatility shows up to make a counter-thrust
[15:49:47] <@wrbtrader> 4pm est rush hour traffic around the corner
[15:50:28] <@wrbtrader> weak support developed
[15:51:57] <+dtomassino> yeah, good separation from my entry now
[15:52:16] <@wrbtrader> looks great
[15:52:33] <+dtomassino> yeah, was holding my breath for a while though :)
[16:01:58] <@wrbtrader> Long Emini TF @ 649.90 -> small size
[16:02:04] <@wrbtrader> 2 contracts
[16:02:09] <@wrbtrader> intuition
[16:02:19] <@wrbtrader> knife catching trade
[16:03:24] <@wrbtrader> trailing @ profit
[16:14:14] <@wrbtrader> Exited all Emini TF Long @ 651.60 --> + 1.7
[16:15:20] <@wrbtrader> Take care and see all tomorrow
[16:33:00] <codehead> very nice way to end the day--wtg :-)
[16:50:51] <@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
[18:20:52] <@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

-------------------------

#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)
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