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 Post subject: October 4th Tuesday - Futures, ETFs and Forex Currencies
 Post Posted: Tue Oct 04, 2011 8:32 pm 
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Joined: Tue Dec 16, 2008 1:02 am
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#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:
100411-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: Tue Oct 04 09:24:36 2011
Session Ident: #FuturesTrades
[09:24:36] * Now talking in #FuturesTrades
[09:24:36] <@X> [NihabaAshi] chat room archives @ viewforum.php?f=20
[09:27:52] <drt> gm all
[09:30:39] <Trendtrader> Long TF @ 601.5 «« simulator »»
[09:31:38] <+Trendtrader> Exited 1/2 TF Long @ 602.5 --> + 1 «« simulator »»
[09:32:36] <wave1> gm all
[09:32:52] <+Trendtrader> Exited Remainder TF Long @ 601.5 --> 0 «« simulator »»
[09:34:17] <+Trendtrader> Shorts TF @ 601 «« simulator »»
[09:36:04] <@wrbtrader> Shorts Emini TF @ 601.10 -> small size
[09:36:09] <@wrbtrader> 3 contracts
[09:36:17] <@wrbtrader> intuition
[09:36:52] <@wrbtrader> Covered all Emini TF Short @ 602.80 --> - 1.7
[09:37:22] <+Trendtrader> Covered all TF Short @ 604 --> - 3 «« simulator »»
[09:37:37] <@wrbtrader> Long Emini TF @ 604.10 -> medium size
[09:37:42] <@wrbtrader> 2+2
[09:37:45] <+Trendtrader> Long TF @ 604.4 «« simulator »»
[09:38:18] <+Trendtrader> Exited 1/2 TF Long @ 605.4 --> + 1 «« simulator »»
[09:39:44] <@wrbtrader> Exited all Emini TF Long @ 604.50 --> + 0.4
[09:40:17] <@wrbtrader> Long Emini TF @ 604.80 -> medium size
[09:40:35] <@wrbtrader> re-entry into price action of prior trade
[09:40:39] <+Trendtrader> Exited Remainder TF Long @ 604.7 --> + 0.3 «« simulator »»
[09:41:07] <@wrbtrader> 3+1
[09:41:09] <+Trendtrader> Long TF @ 605.9 «« simulator »»
[09:41:37] <@wrbtrader> Exited all Emini TF Long @ 605.30 --> + 0.5
[09:41:47] <+wave1> v choppy
[09:45:18] <@wrbtrader> Shorts Emini TF @ 602.20 -> medium size
[09:45:22] <@wrbtrader> 2+2
[09:50:00] <+Trendtrader> Exited all TF Long @ 603.6 --> - 2.3 «« simulator »»
[09:51:27] <@wrbtrader> volatility contracting within a 2 point range
[09:51:38] <@wrbtrader> tightning stop loss
[09:52:35] <@wrbtrader> trailing @ profit
[09:52:43] <+wave1> vn to hold it N
[09:53:01] <+wave1> bernanke @ 10 today too fwiw
[09:54:17] <@wrbtrader> As soon as the volatility started drying up...I didn't see any thing worth changing my initial stop loss...reason why it went so far against me on that creeper price action
[09:54:34] <@wrbtrader> It's still creeping...but now its doing it down instead of up
[09:55:14] <+wave1> y oh my it was up to 604 Tf watching it today but
[09:55:23] <+wave1> going to look at the Es
Quote:
[09:55:30] <@wrbtrader> reaction low of the first few minutes after the 0930am est open has been reached
[09:55:49] <@wrbtrader> was hoping for a push down below it because it is a weak support area

[09:56:13] <@wrbtrader> support failure
[09:56:32] <@wrbtrader> WRB pt1 reached
[09:57:01] <@wrbtrader> Covered all Emini TF Short @ 598.40 --> + 3.8
[09:57:47] <golface15> nice
[09:57:51] <+wave1> wd
[09:59:25] <+wave1> S 71
[09:59:31] <+wave1> iffy
[10:00:00] <+wave1> out -2
[10:00:57] <+wave1> ggez
[10:04:20] <@wrbtrader> It's the price reaction to the 1000am est key market event
[10:05:12] <+wave1> y
Quote:
[10:05:31] <+wave1> Bernanke says Fed 'prepared to take further action as appropriate' $$ $FED
[10:06:16] <@wrbtrader> The more the FED, ECB, IMF or whatever they say involving "prepare to take further action...if needed"...
[10:07:06] <@wrbtrader> Overall the market doesn't handle it too well as if they are saying..."We know the economy sucks and will take action when things get worst because things "will get worst".

[10:07:09] <@wrbtrader> :(
[10:07:24] <@wrbtrader> Long Emini TF @ 603.20 -> medium size
[10:07:26] <+wave1> y they are not buying it
[10:07:33] <@wrbtrader> 2+2
[10:07:41] <@wrbtrader> volatility spike
[10:07:54] <@wrbtrader> tighten stop loss
[10:08:33] <@wrbtrader> trailing @ profit
[10:12:53] <@wrbtrader> Exited all Emini TF Long @ 605.30 --> + 2.1
[10:13:28] <+wave1> wd ..
[10:14:48] <@wrbtrader> Shorts Emini TF @ 605.20 -> small size
[10:14:53] <@wrbtrader> 2 contracts
[10:16:20] <@wrbtrader> Covered all Emini TF Short @ 605.80 --> - 0.6
[10:16:38] <@wrbtrader> creeper up movement
[10:17:32] <@wrbtrader> That was a big improvement in my trading last year...
Quote:
[10:18:07] <@wrbtrader> Recognizing those "creeper movements" to help minimize losses and the help with intuition trades in taking trades in their direction
[10:18:41] <@wrbtrader> recognizing the "creeper movements" BEFORE the next volatility spike

[10:20:19] <@wrbtrader> Hopefully someday I'll come up with a fancy technical phrase in comparison to calling them "creeper movements".
[10:20:46] <@wrbtrader> Creeper movements sound more like something out of a horror movie :)
[10:21:18] <+wave1> only look for L now
[10:25:04] <+wave1> unbelieavable
[10:26:49] <@wrbtrader> FYI - Bloomberg, CNBC and other financial networks are still covering (following live) the FED chairman questioning by the "Joint Economic Committee".
[10:34:28] <@wrbtrader> Long Emini TF @ 605.00 -> small size
[10:34:33] <@wrbtrader> 1 contract
[10:34:56] <@wrbtrader> Exited Emini TF Long @ 605.00 --> 0
[10:35:02] <@wrbtrader> trade error
[10:35:07] <@wrbtrader> houdini escape
[10:45:20] <@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
[11:48:51] <@wrbtrader> Long Emini TF @ 611.10 -> small size
[11:48:59] <@wrbtrader> 1 contract
[11:50:07] <@wrbtrader> I'm trading conservative for awhile due to the fact I've already reached my profit goal for the day.
[11:51:10] <@wrbtrader> I won't increase the position size again nor frequency of trades until volatility shows up after 2pm est...hopefully volatility does show up.
[11:51:52] <+wave1> it has been good movemenmt today ..
[11:51:56] <@wrbtrader> Yet, it is showning up now but without the velocity or pace.
[11:52:07] <+wave1> that loss in AM kept me in check
[11:52:37] <@wrbtrader> Yeah, overall there has been good volatility today...thanks to the market keying in on every word that FED Chairman Bernanke said.
[11:57:25] <@wrbtrader> Exited Emini TF Long @ 612.10 --> + 1
[12:11:28] <@wrbtrader> Good price action in Emini TF after bouncing off the 610 area
[12:15:21] <@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
[12:24:19] <@wrbtrader> creeper upmovement in the Emini futures and Eurex futures again
[12:25:31] <@wrbtrader> Long Emini TF @ 621.50 -> small size
[12:25:38] <@wrbtrader> 1 contract
[12:25:40] <@wrbtrader> intuition
[12:26:24] <@wrbtrader> Exited Emini TF Long @ 620.50 --> - 1
[12:36:03] <@wrbtrader> Long Emini TF @ 618.50 -> small size
[12:36:34] <@wrbtrader> 1 contract
[12:37:01] <@wrbtrader> Emini TF bounced off the support area of the WRB Hidden GAP @ 1204pm est
[12:37:42] <@wrbtrader> volatility spike
[12:43:15] <@wrbtrader> WRB pt1 reached
[12:44:21] <@wrbtrader> Exited Emini TF Long @ 621.60 --> + 3.1
[12:46:53] <@wrbtrader> Although I exited at a WRB pt1 target...it was not a volatility spike out of the creeper up movement
[12:50:05] <T4n_paper> Shorts TF @ 621.2 -> large size «« simulator »»
[12:52:04] <+T4n_paper> Covered TF Short @ 621 --> + 0.2 «« simulator »»
[12:52:48] <@wrbtrader> Shorts Emini TF @ 621.20 -> small size
[12:52:54] <@wrbtrader> 1 contract
[12:53:24] <@wrbtrader> tighten stop
[12:54:29] <@wrbtrader> Covered Emini TF Short @ 621.40 --> - 0.2
[12:54:29] <@wrbtrader> Reverse and Enter Long Emini TF @ 621.40
[12:55:15] <@wrbtrader> getting choppier
[12:55:29] <@wrbtrader> Exited Emini TF Long @ 620.40 --> - 1
[12:55:50] <@wrbtrader> Shorts Emini TF @ 620.00 -> small size
[12:55:56] <@wrbtrader> 1 contract
[12:57:40] <@wrbtrader> Covered Emini TF Short @ 620.00 --> 0
[12:58:30] <@wrbtrader> not sure why I moved my stop to breakeven and not a +0.3 trail :(
[12:58:35] <@wrbtrader> trade management error
[13:02:59] <@wrbtrader> Shorts Emini TF @ 619.00 -> small size
[13:03:06] <@wrbtrader> 1 contract
[13:03:14] <@wrbtrader> very close to a WRB pt1
[13:03:28] <@wrbtrader> needed a better entry to make it worthwhile
[13:03:37] <@wrbtrader> WRB pt1 reached
[13:05:46] <@wrbtrader> Covered Emini TF Short @ 616.90 --> + 2.1
[13:19:37] <king> Hi all
[13:19:49] <+king> eu short 3266
[13:23:37] <+king> sl hit
[13:25:56] <@wrbtrader> Long Emini TF @ 616.60 -> small size
[13:26:02] <@wrbtrader> 1 contract
[13:30:48] <@wrbtrader> trailing @ profit
[13:30:51] <werner> hi all
[13:32:47] <@wrbtrader> Hi werner
[13:35:59] <@wrbtrader> Exited Emini TF Long @ 617.90 --> + 1.3
[13:37:47] <+king> hi werner
[13:42:21] <@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
[13:56:28] <+king> long 3253
[13:56:34] <+werner> Long Emini NQ @ 2077.50 «« day trade »»
[13:57:55] <+werner> Exited all Emini NQ Long @ 2076.00 --> - 1.5 «« day trade »»
[13:58:02] <+werner> djeez
[13:58:14] <+werner> cant post ...too fast
[14:00:31] <@wrbtrader> Long Emini TF @ 614.90 -> small size
[14:00:39] <@wrbtrader> 1 contract
[14:02:08] <+king> added 3243
[14:02:48] <+king> out both 3250
[14:04:40] <@wrbtrader> Exited Emini TF Long @ 615.00 --> + 0.1
[14:09:53] <@wrbtrader> Shorts Emini TF @ 611.80 -> small size
[14:09:59] <@wrbtrader> 3 contracts
[14:13:45] <@wrbtrader> trailing @ profit
[14:15:02] <@wrbtrader> Covered all Emini TF Short @ 611.50 --> + 0.3
[14:15:43] <@wrbtrader> Shorts Emini TF @ 610.90 -> medium size
[14:15:48] <@wrbtrader> 2+2
Quote:
[14:16:13] <@wrbtrader> re-entry after to prior trade was rudely "picked pocketed"

[14:20:05] <@wrbtrader> trailing @ profit
[14:20:47] <@wrbtrader> WRB pt1 reached
[14:21:32] <@wrbtrader> Covered all Emini TF Short @ 608.40 --> + 2.5
[14:42:29] <+werner> djeez what a market
[14:43:04] <+werner> someting is going here!!
[14:44:22] <+werner> Long Emini NQ @ 2060.75 «« day trade »»
[14:45:03] <+werner> Exited all Emini NQ Long @ 2063.75 --> + 3 «« day trade »»
[15:04:15] <+T4n_paper> what a pain
[15:12:22] <@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
[15:44:52] <+werner> gn all
[16:01:13] <+king> Take care all..
[16:07:35] <@wrbtrader> Thats one heck of a creeper price up movement followed by a few volality spikes sense 1520pm est
[16:39:22] <@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
[16:40:56] <@wrbtrader> Too bad I called it quits for the day @ 2:25pm est a few minutes after I closed my last trade
[16:41:57] <@wrbtrader> In review of the charts...a big time Long signal @ 3:20pm est
[16:43:45] <@wrbtrader> I don't see any Short signals all the way up until around 4:04pm est
[16:45:13] <@wrbtrader> Emini TF moved about 608.80 to a high of 646.40 in that entire trend duration.
[16:45:21] <@wrbtrader> very impressive
[16:45:35] <@wrbtrader> Take care all and see all tomorrow
[18:09:23] <@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
[19:39:23] <@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: Tue Oct 04 20:43:08 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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