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 Post subject: September 15th Thursday - Futures, ETFs and Forex Currencies
 Post Posted: Thu Sep 15, 2011 6:54 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:
091511-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: Thu Sep 15 09:19:32 2011
Session Ident: #FuturesTrades
[09:19:32] * Now talking in #FuturesTrades
[09:19:32] <@X> [NihabaAshi] chat room archives @ viewforum.php?f=20
[09:24:41] <@wrbtrader> Good morning all
[09:26:35] <kman1969> gm
[09:27:24] <Trendtrader> gm all
[09:32:02] <+Trendtrader> Long TF @ 706.2 «« simulator »»
[09:36:54] <+Trendtrader> Exited all TF Long @ 703.2 --> - 3 «« simulator »»
[09:39:15] <+Trendtrader> Long TF @ 702.8 «« simulator »»
[09:39:32] <pat255> gm
[09:41:09] <+Trendtrader> Exited all TF Long @ 702.9 --> + 0.1 «« simulator »»
[09:42:04] <@wrbtrader> Shorts Emini TF @ 701.60 -> medium size
[09:42:06] <+pat255> below the 1st 3m bar now at open
[09:42:34] <@wrbtrader> chasing due to some earlier data problems :(
[09:43:09] <@wrbtrader> Covered all Emini TF Short @ 701.80 --> - 0.2
[09:44:12] <@wrbtrader> Shorts Emini TF @ 702.60 -> large size
[09:44:20] <@wrbtrader> 3+3
[09:44:29] <@wrbtrader> same trade but a better entry
[09:44:35] <@wrbtrader> still a chaser
[09:45:12] <@wrbtrader> Covered all Emini TF Short @ 703.00 --> - 0.4
[09:47:00] <@wrbtrader> Long Emini TF @ 704.00 -> large size
[09:47:12] <@wrbtrader> 3+3
[09:47:33] <@wrbtrader> tighten stop loss
[09:48:06] <@wrbtrader> not sure why its choppy so much out of the gate
[09:48:27] <+pat255> 10am some #s coming
[09:49:01] <@wrbtrader> Exited all Emini TF Long @ 703.50 --> - 0.5
[09:49:36] <@wrbtrader> Shorts Emini TF @ 702.50 -> large size
[09:49:48] <@wrbtrader> 4+2
[09:49:58] <@wrbtrader> will hold this one awhile
[09:52:30] <+pat255> looks like on balance ush is to the upsdie
[09:56:47] <@wrbtrader> Covered all Emini TF Short @ 704.90 --> - 2.4
[09:57:08] <+pat255> :(
[09:57:58] <@wrbtrader> It's contracting big time now...it's going to move hard up or down and I didn't want to take more heat on that trade if it decides to do a volatility spike upwards
[10:02:37] <@wrbtrader> Long Emini TF @ 706.50 -> medium size
[10:02:42] <@wrbtrader> 4 contracts
[10:03:05] <+pat255> L 68 nq
Quote:
[10:03:34] <@wrbtrader> I don't remember the exact date but we recently had a similar like price action in the morning involving chop with lots of volatility contraction...
[10:03:41] <@wrbtrader> It was a tough trading day too :(
[10:04:10] <+pat255> y so choppy

[10:04:53] <+pat255> out 72
[10:06:19] <@wrbtrader> Exited all Emini TF Long @ 707.90 --> + 1.4
[10:10:27] <@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
[10:16:58] <@wrbtrader> Geeesh...price action got sucked back down into that prior killer "volatility contraction with chop" price area
[10:17:01] <@wrbtrader> :(
[10:17:43] <+pat255> y option expiration tomorrow
[10:21:37] * intowinafkb is now known as intowin
[10:26:55] <@wrbtrader> Shorts Emini TF @ 702.00 -> medium size
[10:27:01] <@wrbtrader> 2+2
[10:27:11] <@wrbtrader> intuition
[10:27:48] <@wrbtrader> geeesh
[10:28:17] <@wrbtrader> It's still stuck in that killer price area
[10:29:05] <@wrbtrader> Covered all Emini TF Short @ 702.00 --> 0
[10:32:30] <@wrbtrader> support failure
[10:35:54] <+pat255> y
[10:35:57] <@wrbtrader> Shorts Emini TF @ 699.00 -> large size
[10:36:02] <@wrbtrader> 3+3
[10:36:11] <+pat255> same thing last 3 days up in the am then downhill
[10:37:05] <@wrbtrader> tighten stop loss
[10:37:23] <@wrbtrader> :(
[10:37:59] <@wrbtrader> stalling at another support...involving that big WRB Hidden GAP of 0900am est
[10:38:10] <@wrbtrader> support failure
[10:40:18] <+pat255> 84-83.50 first on ES looks like
[10:40:35] <@wrbtrader> Covered all Emini TF Short @ 698.60 --> + 0.4
[10:41:45] <@wrbtrader> Long Emini TF @ 698.70 -> large size
[10:41:53] <@wrbtrader> 2+2+2
[10:44:48] <@wrbtrader> trailing @ profit
[10:45:00] <@wrbtrader> one of the few times I've been able to do that today
[10:47:12] <@wrbtrader> tighten trail (I need the guarantee points)
[10:49:14] <+pat255> nice on L
[10:50:30] <@wrbtrader> its a tough psychological trade for me...my toughest trade of the day so far
[10:50:48] <@wrbtrader> Exited all Emini TF Long @ 699.80 --> + 1.1
[10:51:28] <+pat255> vn
[10:52:45] <@wrbtrader> still down -1.7 per contract for the day :(
[10:54:51] <@wrbtrader> The VIX and VXX still in a tight price action range (primary problem so far today) with the Eminis
[10:58:39] <@wrbtrader> sneaky support failure
[10:58:46] <+pat255> 2240 would be another minor support
[10:59:29] <@wrbtrader> Shorts Emini TF @ 697.50 -> medium size
[10:59:34] <@wrbtrader> 3+1
[10:59:41] <@wrbtrader> ooops
[10:59:59] <@wrbtrader> Covered all Emini TF Short @ 697.50 --> 0
[11:00:20] <@wrbtrader> I saw a support failure that really wasn't there :(
[11:00:24] <+pat255> may pb heer a bit
[11:00:37] <@wrbtrader> sidelined...will just wastch
[11:16:18] <intowin> Shorts Emini YM @ 11250
[11:18:19] <+intowin> Covered all Emini YM Short @ 11263 --> - 13
[11:19:59] <+intowin> Long Emini YM @ 11262
[11:32:22] <+intowin> Exited all Emini YM Long @ 11280 --> + 18
[11:33:13] <dallasm> wrbtrader what's the most amount of tf contracts you can sale at market and get out with reasonable fill?
[11:40:28] <@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
[12:06:59] <T4N_paper> low vol
[12:14:37] <+T4N_paper> short medium 704.3
[12:16:26] <+T4N_paper> exit 1/2 704
[12:17:17] <+T4N_paper> exit rem 704.2
[12:19:21] <+intowin> Shorts Emini YM @ 11302
[12:20:00] <@wrbtrader> I'm still just watching the VIX and VXX...they are still basically range bound
[12:20:15] <@wrbtrader> very little volatility spikes amongst them
[12:21:20] <+T4N_paper> missed a possible reentry, not confident in it
[12:23:44] <+intowin> Covered all Emini YM Short @ 11286 --> + 16
[13:10:28] <@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
[13:25:07] <@wrbtrader> Long Emini TF @ 705.80 -> small size
[13:25:22] <@wrbtrader> 2 contracts
[13:28:25] <@wrbtrader> Exited all Emini TF Long @ 705.40 --> - 0.4
[13:29:59] <@wrbtrader> support failure
[13:30:28] <@wrbtrader> Shorts Emini TF @ 704.20 -> medium size
[13:30:34] <@wrbtrader> 2+2
[13:30:55] <@wrbtrader> tight stop loss
[13:32:23] <@wrbtrader> Covered all Emini TF Short @ 704.50 --> - 0.3
[13:33:12] <@wrbtrader> Shorts Emini TF @ 704.30 -> medium size
[13:33:18] <@wrbtrader> 3+1
[13:33:23] <@wrbtrader> same trade
[13:33:27] <@wrbtrader> tight stop
[13:38:48] <@wrbtrader> WRB pt reached...my first one of the trading day
[13:39:15] <@wrbtrader> Covered all Emini TF Short @ 703.10 --> + 1.2
[13:42:49] <+T4N_paper> that support fight looked tough on your entry
[13:44:01] <+T4N_paper> big pause makes me nervous
[13:44:03] <+intowin> Long Emini YM @ 11300
[13:44:05] <@wrbtrader> It was tough
[13:50:50] <+intowin> Exited all Emini YM Long @ 11289 --> - 11
[13:53:23] <@wrbtrader> a little short squeeze occuring now
[13:56:42] <+T4N_paper> funny, it got me
[13:57:15] <+T4N_paper> Guess they are trying to regain the prior trend?
[13:59:05] <@wrbtrader> Brokers must be loving today
[14:05:20] <@wrbtrader> weak resistance area reached
[14:06:08] <@wrbtrader> Shorts Emini TF @ 706.40 -> medium size
[14:06:21] <@wrbtrader> 4 contracts
[14:06:23] <@wrbtrader> intuition
[14:07:51] <@wrbtrader> tighten stop loss because of that recent "short squeeze"
[14:09:06] <@wrbtrader> Covered all Emini TF Short @ 706.30 --> + 0.1
[14:10:09] <@wrbtrader> Long Emini TF @ 706.80 -> medium size
[14:10:15] <@wrbtrader> intuition
[14:10:25] <@wrbtrader> creeper up movement
[14:10:32] <@wrbtrader> 2+2
[14:12:50] <@wrbtrader> Exited all Emini TF Long @ 708.10 --> + 1.3
[14:14:15] <@wrbtrader> The rising volatility contraction gave me the "clues" about the creeper upmovement
[14:24:11] <@wrbtrader> Shorts Emini TF @ 706.60 -> small size
[14:24:16] <@wrbtrader> 2 contracts
[14:25:00] <@wrbtrader> order placed at the Open of the most recent WRB Hidden GAP
[14:28:06] <@wrbtrader> Covered all Emini TF Short @ 706.70 --> - 0.1
[14:28:37] <@wrbtrader> Long Emini TF @ 707.10 -> small size
[14:28:42] <@wrbtrader> 2 contracts
[14:30:35] <@wrbtrader> geeesh...gotta fight for every tick today :(
[14:31:21] <@wrbtrader> Exited all Emini TF Long @ 707.60 --> + 0.5
[14:32:44] * intowin is now known as intowinafkb
[14:35:14] <+T4N_paper> another break jeez
[14:40:29] <@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
[15:05:32] <@wrbtrader> Long Emini TF @ 709.50 -> small size
[15:05:42] <@wrbtrader> 1 contracts
[15:06:04] <@wrbtrader> Exited Emini TF Long @ 709.10 --> - 0.4
[15:06:35] <@wrbtrader> Long Emini TF @ 709.20 -> small size
[15:06:41] <@wrbtrader> 1 contract
[15:07:04] <@wrbtrader> still a creapper upmovement
[15:10:29] <@wrbtrader> Exited Emini TF Long @ 709.00 --> - 0.2
[15:19:49] <+T4N_paper> vol picking up
[15:20:13] <@wrbtrader> Shorts Emini TF @ 706.50 -> small size
[15:20:18] <@wrbtrader> 3 contracts
[15:20:26] <@wrbtrader> chasing support failure
[15:21:37] <@wrbtrader> Covered all Emini TF Short @ 706.90 --> - 0.4
[15:21:44] <@wrbtrader> not sure how the heck I missed the "support failure" when it initially occurred
[15:26:47] <@wrbtrader> Shorts Emini TF @ 706.20 -> small size
[15:26:54] <@wrbtrader> intuition
[15:27:05] * intowinafkb is now known as intowin
[15:27:07] <@wrbtrader> based on price action of prior trade
[15:27:17] <@wrbtrader> 2 contracts
[15:29:08] <@wrbtrader> WRB pt1 reached
[15:29:19] <@wrbtrader> Covered all Emini TF Short @ 705.00 --> + 1.2
[15:31:55] <+intowin> Shorts Emini YM @ 11318
[15:34:59] <@wrbtrader> Long Emini TF @ 707.90 -> small size
[15:35:07] <@wrbtrader> 2 contracts
[15:35:09] <@wrbtrader> intuition
[15:35:11] <@wrbtrader> chaser
[15:36:55] <@wrbtrader> Exited Emini TF Long @ 708.00 --> + 0.1
[15:40:25] <@wrbtrader> Shorts Emini TF @ 707.60 -> small size
[15:40:31] <@wrbtrader> 2 contracts
[15:40:48] <@wrbtrader> tighten stop loss
[15:42:03] <@wrbtrader> Covered all Emini TF Short @ 707.90 --> - 0.3
[15:44:57] <@wrbtrader> Long Emini TF @ 708.60 -> small size
[15:45:01] <@wrbtrader> 2 contracts
[15:45:07] <@wrbtrader> creeper up movement
[15:46:58] <@wrbtrader> Exited all Emini TF Long @ 708.20 --> - 0.4
[15:47:20] <@wrbtrader> just churning now :(
[15:48:59] <@wrbtrader> Shorts Emini TF @ 708.20 -> medium size
[15:49:05] <@wrbtrader> 2+2
[15:49:49] <@wrbtrader> Covered all Emini TF Short @ 708.80 --> - 0.6
[15:51:50] <@wrbtrader> Long Emini TF @ 709.40 -> large size
[15:52:04] <@wrbtrader> 5+1
[15:54:01] <@wrbtrader> Exited all Emini TF Long @ 708.80 --> - 0.6
[15:54:07] <@wrbtrader> that one hurts
[15:54:27] <@wrbtrader> I tried several times for an entry at 708.80 and couldn't get it
[15:54:53] <@wrbtrader> 4pm rush hour traffic around the corner
[15:55:53] <@wrbtrader> Long Emini TF @ 708.80 -> large size
[15:56:10] <@wrbtrader> it worked this time :)
[15:58:43] <@wrbtrader> Just chopping into the 4pm est close :(
[16:00:08] <+intowin> Covered all Emini YM Short @ 11360 --> - 42
[16:02:13] <@wrbtrader> Exited 1/2 Emini TF Long @ 710.80 --> + 2
[16:02:20] <@wrbtrader> WRB pt1 reached
[16:03:03] <@wrbtrader> Exited Remainder Emini TF Long @ 710.80 --> + 2
[16:04:05] <@wrbtrader> toughest trade of the day for me and my best trade of the day...
[16:04:13] <@wrbtrader> Same thing happen yesterday too
[16:04:57] <+T4N_paper> I got to watch the eod action today
[16:05:01] <+T4N_paper> i rarely do
[16:05:24] <+T4N_paper> unfortunately i'm down over 6 points today
[16:05:38] <@wrbtrader> Years ago prior to 2008...the last 15 mins of the trading day were BIG profits for me.
[16:06:13] <@wrbtrader> The financial collapse of 2008 and 2009 change the dynamics of the last 30 mins trading session.
[16:06:24] <@wrbtrader> It killed the volatility
[16:07:01] <+T4N_paper> so it creeps into the close more now?
[16:07:03] <@wrbtrader> Even the last two months of great volatility...the volatility in the last 30 mins of trading is nowhere near to what it was before 2008
[16:07:29] <@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
[18:14:28] <@wrbtrader> [11:33:13] <dallasm> wrbtrader what's the most amount of tf contracts you can sale at market and get out with reasonable fill?
[18:14:54] <@wrbtrader> Just got back and saw this question late while updating my trading notes...
[18:15:47] <@wrbtrader> To answer - About 10 contracts but I've heard others say 12 contracts on normal volatility trading days.
[18:16:07] <@wrbtrader> You can push it up to 15 contracts on high volatility trading days.
[18:17:18] <@wrbtrader> Take care all and see all tomorrow
[18:18:09] <@wrbtrader> I may be late in the morning due to an early morning appointment.
[18:18:18] * wrbtrader is now known as wrbtrader_away
[19:04:30] <@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: Thu Sep 15 19:08:41 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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