##TheStrategyLab Price Action Chat Room Logs

#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


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

Session Start: Mon Oct 03 09:06:48 2011
Session Ident: #FuturesTrades
[09:06:48] * Now talking in #FuturesTrades
[09:06:48] <@X> [NihabaAshi] chat room archives @ viewforum.php?f=20
[09:19:54] <golface15> .
[09:23:53] <@wrbtrader> Good morning all
[09:24:08] <Trendtrader> all
[09:24:23] <drt>
[09:33:14] <@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
[09:33:40] <+Trendtrader> Shorts TF @ 635.6 «« simulator »»
[09:34:02] <+Trendtrader> Covered 1/2 TF Short @ 634.6 --> + 1 «« simulator »»
[09:34:58] <@wrbtrader> Shorts Emini TF @ 633.70 -> medium size
[09:35:09] <@wrbtrader> 1+3
[09:36:50] <+Trendtrader> Covered 1/4 TF Short @ 634.8 --> + 0.8 «« simulator »»
[09:37:15] <@wrbtrader> support trying hard to develop
[09:37:38] <@wrbtrader> Shorts Emini TF @ 634.00 -> Add
[09:38:00] <@wrbtrader> 2 added
[09:38:24] <@wrbtrader>
[09:38:41] <+Trendtrader> Covered Remainder TF Short @ 635.4 --> + 0.2 «« simulator »»

[09:41:15] <@wrbtrader> Long Emini TF @ 638.00 -> large size
[09:41:25] <@wrbtrader> 3+3
[09:44:07] <@wrbtrader> Exited all Emini TF Long @ 841.00 --> + 203
[09:44:13] <@wrbtrader> ooops
[09:44:26] <@wrbtrader> Exited all Emini TF Long @ 641.00 --> + 3
[09:44:59] <+Trendtrader> Shorts TF @ 639.8 «« simulator »»
[09:45:34] <@wrbtrader> Volatility obviously increasing...
[09:45:59] <@wrbtrader> I chased a trade signal by 3 points and still had enough volatility to see the trade move higher by another 3 points
[09:48:25] <+Trendtrader> Covered 1/2 TF Short @ 638.8 --> + 1 «« simulator »»
[09:49:13] <@wrbtrader> Shorts Emini TF @ 638.00 -> medium size
[09:49:21] <@wrbtrader> 2+2
[09:50:59] <@wrbtrader> Pending key market events @ 10am est

[09:52:28] <@wrbtrader> trailing @ profit
[09:52:31] <+Trendtrader> Covered TF Short @ 636.7 --> + 3.1 «« simulator »»
[09:53:06] <+Trendtrader> Covered TF Short @ 634.8 --> + 5 «« simulator »»
[09:54:24] <@wrbtrader> Covered all Emini TF Short @ 834.70 --> - 196.7
[09:54:36] <@wrbtrader> geesh
[09:54:39] <@wrbtrader> correction
[09:54:55] <@wrbtrader> Covered all Emini TF Short @ 634.70 --> + 3.3
[09:58:07] <@wrbtrader> support developed
[09:58:38] <+Trendtrader> Shorts TF @ 634.5 -> Add «« simulator »»
[10:00:23] <@wrbtrader> Long Emini TF @ 639.00 -> small size
[10:00:28] <+Trendtrader> Covered all TF Short @ 637.7 --> - 1.1 «« simulator »»
[10:00:28] <@wrbtrader> 3 contracts
[10:00:37] <@wrbtrader> tight stop loss
[10:00:44] <@wrbtrader> chasing the volatility spike
[10:02:11] <@wrbtrader> Exited all Emini TF Long @ 642.10 --> + 3.1
[10:17:38] <@wrbtrader> Shorts Emini TF @ 643.00 -> small size
[10:17:43] <@wrbtrader> 2 contracts
[10:22:27] <@wrbtrader> Covered all Emini TF Short @ 639.70 --> + 3.3
[10:24:25] <@wrbtrader> Shorts Emini TF @ 639.00 -> small size
[10:24:35] <@wrbtrader> 3 contracts
[10:24:37] <@wrbtrader> intuition
[10:25:49] <@wrbtrader> Covered all Emini TF Short @ 640.00 --> - 1
[10:26:15] <@wrbtrader> Shorts Emini TF @ 639.00 -> small size
[10:26:22] <@wrbtrader> 3 contracts
[10:26:35] <@wrbtrader> same trade and a re-entry
[10:28:02] <@wrbtrader> Covered all Emini TF Short @ 640.00 --> - 1
[10:29:42] <@wrbtrader> Shorts Emini TF @ 640.50 -> medium size
[10:29:48] <@wrbtrader> 2+2
[10:31:56] <@wrbtrader> Covered all Emini TF Short @ 640.20 --> + 0.3
[10:33:31] <@wrbtrader> Shorts Emini TF @ 639.30 -> small size
[10:33:36] <@wrbtrader> 3 contracts
[10:33:38] <@wrbtrader> intuition
[10:33:54] <@wrbtrader> same trade as the recent ones
[10:35:41] <@wrbtrader> I have an unusual number of 3 point winners today
[10:42:28] <@wrbtrader> Covered all Emini TF Short @ 635.00 --> + 4.3
[10:46:40] <@wrbtrader> Long Emini TF @ 637.80 -> small size
[10:46:45] <@wrbtrader> 2 contracts
[10:47:25] <@wrbtrader> Exited all Emini TF Long @ 637.20 --> - 0.6
[10:47:46] <@wrbtrader> Long Emini TF @ 637.30 -> small size
[10:47:53] <@wrbtrader> 3 contracts
[10:49:50] <@wrbtrader> Exited all Emini TF Long @ 639.70 --> + 2.4
[10:50:57] <@wrbtrader> Long Emini TF @ 638.00 -> small size
[10:51:01] <@wrbtrader> 2 contracts
[10:51:54] <@wrbtrader> Exited all Emini TF Long @ 637.20 --> - 0.8
[10:52:58] <@wrbtrader> Shorts Emini TF @ 636.00 -> small size
[10:53:04] <@wrbtrader> 3 contracts
[10:54:30] <@wrbtrader> Covered all Emini TF Short @ 637.50 --> - 1.5
[11:00:27] <@wrbtrader> Shorts Emini TF @ 637.80 -> medium size
[11:00:31] <@wrbtrader> 3+1
[11:01:16] <@wrbtrader> Shorts Emini TF @ 638.00 -> small size
[11:01:24] <@wrbtrader> that's an add
[11:02:32] <@wrbtrader> Covered 1/3 Emini TF Short @ 636.80 --> + 1.2
[11:03:15] <@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
[11:04:04] <@wrbtrader> Covered remainder Emini TF Short @ 636.00 -> + 1.80
[11:04:41] <@wrbtrader> Starting to churn here over the recent trades
[11:19:45] <pat255> all
[11:19:50] <+pat255> late @office
[11:34:27] <+golface15> .
[11:42:57] <@wrbtrader> Shorts Emini TF @ 637.50 -> small size
[11:43:02] <@wrbtrader> 3 contracts
[11:44:35] <@wrbtrader> trailing @ profit
[11:44:58] <@wrbtrader> Covered all Emini TF Short @ 637.10 --> + 0.4
[11:46:43] <+pat255> looks like 1-2 pts es scalps in this mkt now
[11:48:30] <@wrbtrader> Shorts Emini TF @ 637.10 -> small size
[11:48:39] <@wrbtrader> 1 contract
[11:48:41] <@wrbtrader> intuition
[11:49:16] <@wrbtrader> Covered Emini TF Short @ 637.80 --> - 0.7
[11:50:41] <+pat255> L 2125 nq
[11:51:44] <+pat255> out +2
[11:51:55] <+pat255> take scalp
[11:53:14] <@wrbtrader> Shorts Emini TF @ 637.70 -> small size
[11:53:22] <@wrbtrader> 1 contract
[11:54:28] <@wrbtrader> Covered Emini TF Short @ 639.00 --> - 1.3
[12:00:29] <T4n_paper> Shorts TF @ 639.1 -> large size «« simulator »»
[12:01:37] <+T4n_paper> Covered 1/3 TF Short @ 637.7 --> + 1.4 «« simulator »»
[12:06:18] <+T4n_paper> Covered 1/2 TF Short @ 636.6 --> + 2.5 «« simulator »»
[12:08:24] <+T4n_paper> hoping the bottom falls out
[12:12:09] <+T4n_paper> Covered Remainder TF Short @ 634.8 --> + 4.3 «« simulator »»
[12:15:05] <+T4n_paper> looks like it fell out indeed
[12:30:15] <@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
[12:37:46] <+T4n_paper> support building
[13:08:02] <+T4n_paper> This makes my trade look like peanuts
[13:25:28] <+pat255> geez did not expect this type of down movement
[13:45:11] * intowinafkb is now known as intowin
[13:51:48] <@wrbtrader> Just got back from lunch...
[13:53:04] <@wrbtrader> Most of my trades today were Short and most of my position size were on the Short side.

[13:54:27] <@wrbtrader> That's greed talking because I'm already way over my profit goal for the day
[13:54:55] <+T4n_paper> gj
[14:00:16] <@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
[14:02:34] <@wrbtrader> Emini YM trying hard to help with support
[14:18:33] <@wrbtrader> Shorts Emini TF @ 617.20 -> small size
[14:18:55] <@wrbtrader> 3 contracts
[14:20:29] <@wrbtrader> Covered all Emini TF Short @ 617.10 --> + 0.1
[14:21:58] <@wrbtrader> Shorts Emini TF @ 616.30 -> small size
[14:23:02] <@wrbtrader> 3 contracts
[14:23:35] <@wrbtrader> intuition - re-entry
[14:25:13] <@wrbtrader> Covered all Emini TF Short @ 615.60 --> + 0.7
[14:25:56] <@wrbtrader>
[14:26:05] <@wrbtrader> back to back shake out
[14:26:40] <@wrbtrader> Shorts Emini TF @ 615.60 -> medium size
[14:26:47] <@wrbtrader> 2+2
[14:26:50] <@wrbtrader> same trade
[14:28:46] <@wrbtrader> WRB pt1 reached
[14:29:49] <@wrbtrader> Covered all Emini TF Short @ 614.40 --> + 1.2
[14:30:16] <@wrbtrader>
[14:30:18] <@wrbtrader> tough
[14:30:52] <@wrbtrader> recent trades were all "trail hits"
[14:31:44] <+pat255> SPY breaking 110
[14:34:06] <+pat255> 1101 holding, kinda on ES, just a matter of time before it falls thru,
[14:36:08] <@wrbtrader> weak support
[14:36:28] <@wrbtrader> It's also in the range of a recent long lower shadow
[14:39:43] <@wrbtrader> got my order in
[14:39:54] <@wrbtrader> it's been in for about 5 mins
[14:40:21] <+pat255> yup some more red
[14:45:40] <@wrbtrader> Shorts Emini TF @ 612.50 -> medium size
[14:45:52] <@wrbtrader> 3+1
[14:47:02] <@wrbtrader> support failure
[14:47:58] <@wrbtrader> Covered all Emini TF Short @ 611.40 --> + 1.1
[14:48:05] <+pat255> vn N

[14:52:28] <@wrbtrader> It's helping to "offset" some of RISING consumer goods cost
[14:52:37] <+pat255> y ..
[14:58:45] <@wrbtrader> Long Emini TF @ 612.80 -> small size
[14:58:53] <@wrbtrader> 1 contract
[15:01:11] <@wrbtrader> trailing @ profit
[15:01:55] <@wrbtrader> Exited Emini TF Long @ 615.10 --> + 2.3
[15:02:02] <+pat255> vn
[15:03:56] <+pat255> geez charts freeze
[15:10:46] <@wrbtrader> Shorts Emini TF @ 614.30 -> small size
[15:10:50] <@wrbtrader> 3 contracts
[15:12:31] <@wrbtrader> trailing @ profit
[15:12:33] <@wrbtrader> choppy
[15:13:45] <@wrbtrader> Covered all Emini TF Short @ 612.90 --> + 1.4
[15:15:07] <@wrbtrader> Shorts Emini TF @ 612.40 -> small size
[15:15:11] <@wrbtrader> 1 contract
[15:15:15] <@wrbtrader> re-entry
[15:15:30] <@wrbtrader> prior trade didn't reach WRB pt1 target
[15:17:57] <@wrbtrader> Covered Emini TF Short @ 613.40 --> - 1
[15:18:57] <@wrbtrader> Shorts Emini TF @ 612.20 -> small size
[15:19:10] <@wrbtrader> 1 contract
[15:19:13] <@wrbtrader> same trade
[15:19:51] <@wrbtrader> Covered Emini TF Short @ 613.00 --> - 0.8
[15:20:49] <@wrbtrader> Shorts Emini TF @ 612.70 -> small size
[15:20:53] <@wrbtrader> 2 contracts
[15:20:57] <@wrbtrader> same trade
[15:22:42] <king> Hi all, finally joined..
[15:23:10] <@wrbtrader> Hi King
[15:23:16] <@wrbtrader> WRB pt1 reached
[15:23:38] <@wrbtrader> Covered all Emini TF Short @ 610.90 --> + 1.8
[15:26:02] <+king> long E/U 1.3205
[15:27:16] <@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
[15:29:17] <+king> out 1.3213
[15:34:38] <@wrbtrader>
[15:36:48] <+pat255> last hour cover coming

[15:38:27] <@wrbtrader> Emini futures volatility spike
[15:38:31] <+king> long 3213
[15:39:07] <@wrbtrader> * price action trading
[15:39:38] <+king> tp is 3223
[15:40:09] <@wrbtrader> Long Emini TF @ 612.70 -> small size
[15:40:15] <@wrbtrader> 3 contracts
[15:40:36] <@wrbtrader> Exited all Emini TF Long @ 612.10 --> - 0.6

[15:43:15] <+king> Thanks for the updates marks.. and for the chatroom too..!!
[15:43:26] <@wrbtrader> No problem
[15:44:04] <@wrbtrader> volatility increasing going into the regular session 4pm est rush hour traffic
[15:44:44] <@wrbtrader> Long Emini TF @ 611.70 -> small size
[15:44:51] <@wrbtrader> 3 contracts
[15:45:37] <+king> out tp hit 3223
[15:47:27] <@wrbtrader> WRB pt1 reached
[15:47:53] <+king> short 3231
[15:50:04] <@wrbtrader> Exited all Emini TF Long @ 614.80 --> + 3.1
[15:50:19] <+king> close 3226
[15:52:38] <@wrbtrader> Shorts Emini TF @ 612.50 -> small size
[15:52:45] <@wrbtrader> 1 contract
[15:54:34] <@wrbtrader> WRB pt1 @ 609.70
[15:55:02] <+king> long 3213
[15:55:49] <@wrbtrader> WRB pt1 reached
[15:56:03] <+king> close 3223
[15:57:32] <@wrbtrader> WRB pt2 reached
[15:57:53] <@wrbtrader> Covered Emini TF Short @ 608.20 --> + 4.3
[15:58:12] <+king> edit - .. it closed at 3222
[15:59:02] <@wrbtrader> Shorts Emini TF @ 607.50 -> small size
[15:59:10] <@wrbtrader> 2 contracts
[15:59:15] <@wrbtrader> intuition trade
[16:00:07] <+king> long 3204
[16:00:16] <@wrbtrader> Covered all Emini TF Short @ 606.50 --> + 1
[16:01:00] <+king> tp 3209
[16:01:37] <@wrbtrader> not sure why I exited that one early when the WRB pt1 target was not reached
[16:02:15] <@wrbtrader> will note as "trade management error - early out"
[16:03:29] <+king> closed at b.e.
[16:03:44] <+king> * break even
[16:04:47] <@wrbtrader> Shorts Emini TF @ 604.00 -> small size
[16:04:58] <@wrbtrader> 1 contract
[16:05:55] <+king> eu coiling up
[16:06:06] <@wrbtrader> Covered Emini TF Short @ 603.80 --> + 0.2
[16:06:40] <@wrbtrader> tight trail hit

[16:07:01] <+king> long 3195
[16:08:19] <+king> sl hit
[16:08:42] <+king> long 3191
[16:09:53] <@wrbtrader> weak support area for all the Emini futures and Eurex futures
[16:10:42] <@wrbtrader> Gold GC futures range bound most of the day between 1666 - 1648
[16:10:47] <+king> barely missed sl
[16:11:18] <@wrbtrader> Light Crude Oil CL future broke below another support
[16:12:03] <@wrbtrader> same with Eurex 6E futures or Forex EurUsd currency...dropped below a support area
[16:12:22] <@wrbtrader> Inverted...U.S. Dollar Index above a recent resistance area
[16:12:39] <@wrbtrader> Take care all and see all tomorrow
[16:12:46] * wrbtrader is now known as wrbtrader_away
[16:12:51] <+king> thnx for the update makr
[16:12:54] <+king> see u tomoro
[16:13:02] <+king> Mark
[16:15:59] <+king> out 3198
[16:16:50] <+king> TC all..!!
[16:57:17] <@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:

CME Emini Futures EMD, ES and NQ

ICE Emini TF Futures (formerly CME ER2)

CBOT mini-sized Dow Futures YM

Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50

Eurex Fixed Income Derivatives (futures) BUND, BOBL and Schatz

Euronext Futures FTSE-100 and CAC-40

CME Futures EuroFX 6E and EC

Treasury Futures T-Notes ZT, ZN, ZF and T-Bonds ZB

Forex Currencies GbpUsd, EurUsd, EurYen and UsdCad

Exchange Traded Funds VXX, DIA, IWM, QQQQ, SPY, BGU, FAS, FAZ, TNA, OIH, XLE and GLD

NYMEX Energy Futures Light Crude Oil CL, Brent Crude Oil BRN, e-miNY QM and Natural Gas NG

COMEX Metal Futures Gold GC, mini-Gold YG, Copper HG and Silver SI

S&P CNX NIFTY Futures

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)
@ 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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