##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: Tue Nov 01 09:27:27 2011
Session Ident: #FuturesTrades
[09:27:27] * Now talking in #FuturesTrades
[09:27:27] <@X> [NihabaAshi] chat room archives @ viewforum.php?f=20
[09:28:01] <Tigerman> Good morning all
[09:28:47] <drt>
[09:29:41] <+Tigerman> Huge gap today
[09:30:51] <Trendtrader> Shorts Emini TF @ 708.3 «« simulator »»
[09:37:05] <+Trendtrader> sorry for the delay...
[09:37:27] <+Trendtrader> Covered all Emini TF Short @ 713 --> - 4.7 «« simulator »»
[09:37:45] <+Trendtrader> Long Emini TF @ 713.6 «« simulator »»
[09:38:04] <+Trendtrader> Exited 3/4 Emini TF Long @ 715.7 --> + 2.1 «« simulator »»
[09:38:21] <+Trendtrader> Exited Emini TF Long @ 718.2 --> + 4.6 «« simulator »»
[09:39:16] <+Trendtrader> Exited Remainder Emini TF Long @ 716.1 --> + 2.5 «« simulator »»
[09:40:32] <+Trendtrader> all
[09:41:20] <+Trendtrader> note to self... never just use the mousepad for trading - always use a mouse!
[09:42:28] <+Tigerman> Shorts TF @ 718.1 «« simulator »»
[09:43:03] <+Tigerman> fight here
[09:44:00] <+Tigerman> Covered 1/2 TF Short @ 716.7 --> + 1.4 «« simulator »»
[09:45:29] <+Tigerman> Covered Remainder TF Short @ 716.7 --> + 1.4 «« simulator »»
[09:48:01] <+Tigerman> Long TF @ 718 «« simulator »»
[09:48:05] <+Tigerman> intuition
[09:48:57] <+Tigerman> Exited 1/2 TF Long @ 718.3 --> + 0.3 «« simulator »»
[09:49:15] <+Tigerman> Exited Remainder TF Long @ 718 --> 0 «« simulator »»
[09:55:40] <+Tigerman> price contracting
[09:58:15] <+Tigerman> in my opinion here is a BIG fight area
[10:01:57] <@wrbtrader> Good morning all...late start to the day for me.
[10:03:06] <+Tigerman> Shorts TF @ 718.6 «« simulator »»
[10:03:15] <+Tigerman> HI wrbtrader
[10:04:16] <+Tigerman> Covered all TF Short @ 719.2 --> - 0.6 «« simulator »»
[10:04:36] <+Tigerman> Long TF @ 720.7 «« simulator »»
[10:04:44] <+Tigerman> too fast action...
[10:04:56] <+Tigerman> in reaction to news
[10:05:26] <+Tigerman> my first trade was in profit but not able to lock gain
[10:05:30] <@wrbtrader> If the current volatility spike doesn't retrace the price...it could go into "creeper up movement"
[10:05:53] <+Tigerman> Exited 1/2 TF Long @ 721.2 --> + 0.5 «« simulator »»
[10:06:04] <+Tigerman> tight on stops..
[10:06:30] <+Tigerman> Exited Remainder TF Long @ 721 --> + 0.3 «« simulator »»
[10:13:34] <@wrbtrader> I've come to the conclusion this year that "identifying" and being able to trade these "creeper up/down movements" is a critical aspect of trading.
[10:14:17] <@wrbtrader> They occur almost EVERY trading day...a few times per day.
[10:18:26] <@wrbtrader> Long Emini TF @ 723.30 -> small size
[10:18:35] <@wrbtrader> 3 contracts
[10:20:22] <@wrbtrader> Exited all Emini TF Long @ 722.50 --> - 0.8
[10:21:17] <@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
[10:24:07] <@wrbtrader> Long Emini TF @ 722.40 -> small size
[10:24:13] <@wrbtrader> 2+1
[10:24:15] <@wrbtrader> re-entry
[10:25:13] <+Tigerman> Long TF @ 723.4 «« simulator »»
[10:25:18] <@wrbtrader> volatility spike
[10:25:21] <+Tigerman> intuition
[10:25:22] <@wrbtrader> WRB pt1 reached
[10:25:30] <+Tigerman> good wrbtrader
[10:26:02] <@wrbtrader> Exited all Emini TF Long @ 725.50 --> + 3.1
[10:26:05] <+Tigerman> Exited 1/2 TF Long @ 725.5 --> + 2.1 «« simulator »»
[10:29:28] <+Tigerman> Exited Remainder TF Long @ 725.5 --> + 2.1 «« simulator »»
[10:29:39] <+Tigerman> not sure price can continue
[10:30:12] <+Tigerman> price go over 726 2 times but not grab profit there..
[10:36:28] * +intowin ----[ shorts ym @ 718 ]----
[10:40:47] <@wrbtrader> Long Emini TF @ 727.70 -> small size
[10:40:52] <@wrbtrader> 2 contracts
[10:41:11] <@wrbtrader> chasing...poor entry
[10:41:35] <@wrbtrader> Exited all Emini TF Long @ 727.40 --> - 0.3
[10:42:03] <@wrbtrader> Greeks blinking on the new Debt Deal to get them out of this big financial mess...
[10:42:30] <@wrbtrader> Now they risk getting KICKED out of the European Union and forced to handle their problems on "their own".
[10:44:27] <@wrbtrader> Long Emini TF @ 726.20 -> small size
[10:44:33] <@wrbtrader> 2 contracts
[10:44:47] <@wrbtrader> re-entry
[10:45:33] <@wrbtrader> Exited all Emini TF Long @ 726.00 --> - 0.2
[10:47:00] * +intowin ----[ covers ym @ 682 ]-
[10:47:52] <+intowin> hmm quit doing the math? +36
[10:50:22] <+Tigerman> Long TF @ 724.7 «« simulator »»
[10:51:21] <@wrbtrader> Long Emini TF @ 725.30 -> small size
[10:51:25] <@wrbtrader> 3 contracts
[10:52:02] <+Tigerman> Exited 1/2 TF Long @ 725.8 --> + 1.1 «« simulator »»
[10:53:40] <+Tigerman> Exited Remainder TF Long @ 725.3 --> + 0.6 «« simulator »»
[10:53:53] <@wrbtrader> Exited all Emini TF Long @ 725.00 --> - 0.3
[10:56:43] <@wrbtrader> first price action acting like lower highs
[11:23:34] <@wrbtrader> Long Emini TF @ 725.50 -> small size
[11:23:45] <@wrbtrader> 2 contracts
[11:24:12] <@wrbtrader> Exited all Emini TF Long @ 724.80 --> - 0.7
[11:25:22] <@wrbtrader> Shorts Emini TF @ 724.20 -> medium size
[11:25:26] <@wrbtrader> 2+2
[11:29:07] <@wrbtrader> Covered all Emini TF Short @ 721.80 --> + 2.4
[11:48:17] <@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
[12:03:47] <+Tigerman> Shorts TF @ 711.4 «« simulator »»
[12:03:50] <+Tigerman> intuition
[12:05:04] <+Tigerman> Covered 1/2 TF Short @ 711.2 --> + 0.2 «« simulator »»
[12:05:57] <+Tigerman> Covered Remainder TF Short @ 711.4 --> 0 «« simulator »»
[12:11:52] <+Tigerman> Long TF @ 715.6 «« simulator »»
[12:11:58] <+Tigerman> intuition
[12:12:40] <+Tigerman> Exited 1/2 TF Long @ 716.5 --> + 0.9 «« simulator »»
[12:14:17] <+Tigerman> Exited Remainder TF Long @ 716.5 --> + 0.9 «« simulator »»
[12:16:02] <+Tigerman> Shorts TF @ 715 «« simulator »»
[12:17:42] <+Tigerman> Covered 1/2 TF Short @ 713.7 --> + 1.3 «« simulator »»
[12:18:13] <+Tigerman> Covered Remainder TF Short @ 714.3 --> + 0.7 «« simulator »»
[12:55:58] <@wrbtrader> support trying hard to attract Longs
[12:56:37] <@wrbtrader> Long Emini TF @ 711.20 -> small size
[12:56:45] <@wrbtrader> 3 contracts
[12:57:32] <@wrbtrader> Exited all Emini TF Long @ 710.50 --> - 0.7
[12:59:00] <@wrbtrader> Long Emini TF @ 710.50 -> medium size
[12:59:04] <@wrbtrader> 2+2
[12:59:08] <@wrbtrader> re-entry
[12:59:14] <@wrbtrader> will be a tough trade
[12:59:49] <@wrbtrader> Exited all Emini TF Long @ 710.10 --> - 0.4
[13:00:00] <@wrbtrader> support failure
[13:00:49] <@wrbtrader> Shorts Emini TF @ 709.60 -> medium size
[13:00:54] <@wrbtrader> 2+2
[13:02:23] <+Tigerman> Shorts TF @ 709.7 «« simulator »»
[13:02:42] <@wrbtrader> Covered all Emini TF Short @ 709.60 --> 0
[13:02:59] <@wrbtrader>
[13:03:11] <+Tigerman> Covered 1/2 TF Short @ 709.4 --> + 0.3 «« simulator »»
[13:03:25] <@wrbtrader> Shorts Emini TF @ 709.60 -> medium size
[13:03:37] <+Tigerman> Covered Remainder TF Short @ 709.7 --> 0 «« simulator »»
[13:03:57] <@wrbtrader> Covered all Emini TF Short @ 710.30 --> - 0.7
[13:05:02] <@wrbtrader> Long Emini TF @ 710.90 -> medium size
[13:08:12] <@wrbtrader> Exited all Emini TF Long @ 712.30 --> + 1.4
[13:15:29] <@wrbtrader> Long Emini TF @ 712.30 -> small size
[13:15:34] <@wrbtrader> 2 contracts
[13:15:36] <@wrbtrader> re-entry
[13:17:02] <@wrbtrader> Exited all Emini TF Long @ 712.50 --> + 0.2
[13:17:04] <@wrbtrader> jumpy
[13:18:18] <@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
[13:30:21] <@wrbtrader> volatility spike
[13:31:18] <+intowin> no greek reforendum vote
[13:31:31] <@wrbtrader> Yeah...that's what I'm hearing now
[13:32:05] <@wrbtrader> If the news is false or rumor...it'll retrace back down.
[13:32:15] <@wrbtrader> If it's true...it'll spike upwards again.
[13:32:42] <+intowin> they were in a meeting for the last two hours so it could be a result of that meeting and be true
[13:34:00] <@wrbtrader> creeper up movement trying to develop
[13:34:27] <@wrbtrader> Long Emini TF @ 718.10 -> small size
[13:34:35] <@wrbtrader> 3 contracts
[13:35:48] <@wrbtrader> Exited all Emini TF Long @ 718.80 --> + 0.7
[13:36:35] <@wrbtrader> jumpy
[13:36:56] <@wrbtrader> hope it retrace to give me a chance to re-enter
[13:38:08] <@wrbtrader> Long Emini TF @ 718.70 -> small size
[13:38:13] <@wrbtrader> 3 contracts
[13:38:16] <@wrbtrader> re-entry
[13:39:11] <@wrbtrader> I now see my error
[13:39:15] <@wrbtrader>
[13:40:10] <@wrbtrader> Long Emini TF @ 718.10 -> Add
[13:40:17] <@wrbtrader> 3 contracts
[13:40:21] <@wrbtrader> added
[13:40:40] <@wrbtrader> that's the re-entry I wanted @ 718.10
[13:42:37] <+Tigerman> so entered @718.7 in error but optimum level should be 718.10
[13:42:58] <@wrbtrader> Exited 1/2 Emini TF Long @ 718.70 --> + 0.6
[13:43:55] <@wrbtrader> Yep...initial re-entry was at the price of the exit of the prior trade when I wanted to enter at the price of the entry of the prior trade...
[13:44:34] <@wrbtrader> It's so jumpy I figure I could easily get a 718.10 entry but made a mistake on the price @ 718.70 (prior exit)
[13:45:15] <+Tigerman> ok happen sometimes unfortunatly
[13:45:33] <@wrbtrader> volatility spike
[13:45:41] <@wrbtrader> WRB pt1 reached
[13:46:09] <@wrbtrader> Exited Remainder Emini TF Long @ 721.80 --> + 3.1
[13:46:18] <+Tigerman> very good
[13:48:41] <@wrbtrader> its still in creeper up movement
[13:51:06] <T4n_paper> I bailed on my long at 1342 when it sharply pulled back
[13:51:17] <+T4n_paper> I dont know how you sat throug it
[13:53:50] <@wrbtrader> I sat through it because of the news (had a reason to sit still in the trade)
[13:54:48] <@wrbtrader> It's now been in the market for about 30 mins...it's old news now
[13:55:28] <+T4n_paper> i see
[14:04:00] <+T4n_paper> http://dealbook.nytimes.com/2011/11/01/ ... mf-global/
[14:04:06] <+T4n_paper> news to me
[14:45:18] <@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
[15:02:54] * +intowin ----[ buys ym @ 643 ]----
[15:03:30] <+Tigerman> Shorts TF @ 713.8 «« simulator »»
[15:04:23] <+Tigerman> Covered 1/2 TF Short @ 713.4 --> + 0.4 «« simulator »»
[15:05:49] <+Tigerman> Covered Remainder TF Short @ 712.9 --> + 0.9 «« simulator »»
[15:34:14] <@wrbtrader> tough price action in that WRB Hidden GAP @ 1452pm est
[15:34:39] <@wrbtrader> Long Emini TF @ 715.00 -> small size
[15:34:46] <@wrbtrader> 3 contracts
[15:35:36] <@wrbtrader> It closed @ 716.50
[15:35:46] <@wrbtrader> I'll use it as a WRB pt1
[15:36:36] <@wrbtrader> WRB pt1 reached
[15:36:57] <@wrbtrader> Exited all Emini TF Long @ 716.80 --> + 1.8
[15:37:02] * +intowin ----[ sells ym @ 683 +40 ]----
[15:46:03] <+intowin> will hold a reforendum!
[15:46:08] <+intowin> news just out
[15:54:00] <@wrbtrader> Take care and see all tomorrow...I'm done for the day.
[15:54:14] <@wrbtrader> need to stop early today...my turn to pick up the kids from school
[15:54:20] * wrbtrader is now known as wrbtrader_away
[16:12:26] <Tigerman> Hi all
[16:12:37] <+Tigerman> have some connect issue
[16:15:07] <+Tigerman> also forget regular market is close now
[16:15:19] <@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
[16:15:41] <+Tigerman> this saving hour never ending...
[16:15:47] <+Tigerman> ok see all tomorrow
[17:45:19] <@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 Nov 01 17:50:35 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:

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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