#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. 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 methods and different perspective of the markets as long as they do not violate our
Terms of Use (TOU) Policy.
Thanks for reading the trade and market commentary log.
M.A. Perry - Founder of WRB Analysis (wide range body analysis)
------------------------
Session Start: Thu Oct 29 09:27:22 2009
Session Ident: #futurestrades
[09:27] * Now talking in #futurestrades
[09:27] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:29] <drt>
all
[09:29] <pat255>
n others
[09:29] <AndyES>
drt, pat, all
[09:31] <Forex2stay>
all
[09:40] <TraderG>
[09:48] <jbuch> Long ES @ 1045.25
[09:49] <+jbuch> Exited all ES Long @ 1046.5 --> + 1.25
[09:50] <@wrbtrader> Good morning all.
[09:52] <@wrbtrader> Eurex BUND futures got killed this morning
[09:56] <OICU812>
[09:56] <+jbuch> hey whats happening OIC
[09:56] <+OICU812>
not much
[09:56] <+OICU812> hows trading?
[09:57] <+jbuch> off to a good start today
[09:58] <@wrbtrader> Great but the price action today so far has no opportunities since the open.
[09:58] <+OICU812> i have one long and one short, short still open
[09:58] <@wrbtrader> Hopefully something happens soon because I get bored quickly when the first 45 mins is blah.
[10:06] <@wrbtrader> Long ES @ 1051.50 -> large size
[10:06] <@wrbtrader> 6 only
[10:06] <@wrbtrader> intuition
[10:07] <+AndyES> Shorts ES @ 1051.5 «« simulator »»
[10:07] <+OICU812> nice long
[10:07] <+OICU812> too bad i did not get it from the bottomw
[10:07] <+AndyES> Covered all ES Short @ 1052 --> - 0.5 «« simulator »»
[10:08] <@wrbtrader> Exited all ES Long @ 1052.50 --> + 1
[10:08] <@wrbtrader> too bad I don't have the guts to stick with the trade
[10:09] <@wrbtrader> By the way, I am bearish but will change that view if it reaches 1053 level
[10:09] <+AndyES> Shorts ES @ 1052.5 «« simulator »»
[10:10] <+AndyES> Covered 2/3 ES Short @ 1051.5 --> + 1 «« simulator »»
[10:12] <+AndyES> Covered Remainder ES Short @ 1051 --> + 1.5 «« simulator »»
[10:19] <Nesi> Shorts ES @ 1051.00
[10:21] <+Nesi> Covered all ES Short @ 1051.50 --> - 0.5
[10:22] <+Nesi> Long ES @ 1052.50
[10:23] <@wrbtrader> My bias is back to neutal now that ES has gone over 1053
[10:23] <+Nesi> Exited all ES Long @ 1053.50 --> + 1
[10:25] <+Nesi> Long ES @ 1051.50
[10:29] <+Nesi> Exited all ES Long @ 1051.50 --> 0
[10:29] <@wrbtrader> Shorts ES @ 10515.0 -> small size
[10:29] <@wrbtrader> 2 only
[10:30] <@wrbtrader> ooops
[10:30] <@wrbtrader> Shorts ES @ 1051.50 -> small size
[10:30] <+Nesi> i missed that one
[10:31] <@wrbtrader> Covered all ES Short @ 1050.00 --> + 1.5
[10:31] <+Nesi> Shorts ES @ 1050.50
[10:31] <+Nesi> chasing
[10:32] <+Nesi> yesterday 1052 1054 area was big big support
[10:32] <+Nesi> now feels like big resistance
[10:33] <+Nesi> Covered ES Short @ 1050.50 --> 0
[10:33] <+Nesi> Reverse and Enter Long ES @ 1050.50
[10:33] <@X> #FuturesTrades Info -> You must read #FuturesTrades purpose and benefits @
viewtopic.php?f=5&t=36 and TOU policy @
viewtopic.php?f=2&t=55 to prevent any misunderstandings.
[10:33] <@wrbtrader> It's often stated (its a fact) that Foreign Exchange Market (Forex) is the most heavily traded exchange averaging +3 trillion dollars worth of trades every day...
[10:34] <@wrbtrader> My question is that mainly the governments or institutions of the countries doing most of the trades
[10:34] <+Nesi> probably a big piece
[10:34] <+pat255> looks that way ...retail is v small
[10:35] <+pat255> i heard that big banks only look for few pips ...on v large trades
[10:35] <+OICU812> i'd say most is banks not governments
[10:35] <+Nesi> so big banks are scalpers
[10:35] <@wrbtrader> Yeah...my first guess was it's the Banks doing most of the trades.
[10:35] <+OICU812> high frequency trading with automated systems
[10:35] <+OICU812> and im sure they arent using metatrader
[10:36] <@wrbtrader>
[10:36] <+Nesi> Exited all ES Long @ 1049.50 --> - 1
[10:36] <+AndyES> Long ES @ 1050 «« simulator »»
[10:36] <+Nesi> Long ES @ 1050.50
[10:36] <+Nesi> 4c
[10:36] <+Forex2stay> i would also say banks do most of the fx market...for themselves and for company imports/exports
[10:37] <+Nesi> if SP goes above 1054 may be bullish
[10:37] <+AndyES> Exited 2/3 ES Long @ 1051 --> + 1 «« simulator »»
[10:37] <@wrbtrader> Just found it...
[10:37] <@wrbtrader> Trading of Forex Rankings as of May 2009:
[10:38] <@wrbtrader> #1 Deutsche Bank
[10:38] <@wrbtrader> #2 UBS AG
[10:38] <@wrbtrader> #3 Barclays Capital
[10:38] <@wrbtrader> #4 Royal Bank of Scotland
[10:38] <@wrbtrader> #5 Citi
[10:39] <@wrbtrader> #6 JPMorgan
[10:39] <+OICU812> no goldman?
[10:39] <@wrbtrader> #7 HSBC
[10:39] <+Nesi> Exited all ES Long @ 1050.50 --> 0
[10:39] <@wrbtrader> #8 Goldman Sachs
[10:39] <@wrbtrader> #9 Credit Suisse
[10:40] <@wrbtrader> #10 BNP Paribas
[10:40] <@wrbtrader> Goldan Sachs only does about 3.35% of the Forex trades
[10:40] <@wrbtrader> Deutsche Bank does about 20.96%
[10:41] <@wrbtrader> About 80% total amongs those top 10
[10:41] <+Nesi> Shorts ES @ 1050.75
[10:42] <+Nesi> 2
[10:42] <@wrbtrader> That means its the Hedge funds and retail folks doing the remaining 20%
[10:42] <@wrbtrader> I bet most of that 20% is the funds
[10:42] <@wrbtrader> Thus, as pat255 said, retail traders in Forex is a very small percentage
[10:43] <+AndyES> Exited Remainder ES Long @ 1049.5 --> - 0.5 «« simulator »»
[10:44] <@wrbtrader> I know there's a big Japanese Hedge Fund type doing a large amount of Forex trades
[10:44] <@wrbtrader> Guys...we're on the wrong side of the coin
[10:44] <+Nesi> Covered all ES Short @ 1050.00 --> + 0.75
[10:45] <@wrbtrader> I'm surprise there's no French or Italian banks on that list.
[10:45] <@wrbtrader> What about Citi...aren't they like bankrupt or something like that
[10:45] <rickf> back
[10:46] <+Nesi> Long ES @ 1050.00
[10:47] <@wrbtrader> Long ES @ 1050.25 -> small size
[10:47] <@wrbtrader> 3 only
[10:48] <@wrbtrader>
[10:48] <+Nesi> trying
[10:48] <@wrbtrader> be back later...got something personal to take care of here at home (distractions).
[10:49] <@wrbtrader> Exited all ES Long @ 1051.00 --> + 0.75
[10:49] * wrbtrader is now known as wrbtrader_away
[10:51] <+Nesi> Exited all ES Long @ 1050.75 --> + 0.75
[10:54] <+rickf> short es 1051.75
[10:59] <+rickf> exit es 10510.25 +.50
[10:59] <+rickf> 1051.25
[10:59] <+jbuch> Long ES @ 1051.25
[11:01] <+rickf> shoudl have taken my planned trade, which was a long
[11:02] <+jbuch> Exited all ES Long @ 1052.25 --> + 1
[11:04] <+AndyES> Shorts ES @ 1053.5 «« simulator »»
[11:05] <+Nesi> Long ES @ 1053.50
[11:05] <+Nesi> dollar day low.. euro day high
[11:06] <+AndyES> Covered all ES Short @ 1054 --> - 0.5 «« simulator »»
[11:06] <+AndyES> Shorts ES @ 1053.75 «« simulator »»
[11:07] <+jbuch> Long ES @ 1053.75
[11:08] <+Nesi> Exited all ES Long @ 1053.50 --> 0
[11:08] <+AndyES> Covered 2/3 ES Short @ 1052.75 --> + 1 «« simulator »»
[11:09] <+jbuch> Exited all ES Long @ 1053 --> - 0.75
[11:09] <+jbuch> 2 bad trades in a row
[11:10] <+jbuch> out to early on the first and in to lat on the other
[11:12] <+AndyES> Covered Remainder ES Short @ 1054.25 --> - 0.5 «« simulator »»
[11:14] <+Nesi> Shorts ES @ 1052.75
[11:14] <+rickf>
[11:15] <+Nesi> euro..geez
[11:15] <+Nesi> lotsa momo
[11:15] <+Nesi> dollar at low too
[11:16] <+rickf> neurotic market ... down 20+ yesterday up 15 right now
[11:21] <+Nesi> Covered all ES Short @ 1053.25 --> - 0.5
[11:24] <+Nesi> Shorts ES @ 1053.00
[11:26] <+AndyES> Shorts ES @ 1053.5 «« simulator »»
[11:27] <+rickf> time for me to stay flat ... market indecision i think
[11:28] <+Nesi> yup... neutral
[11:30] <+jbuch> Long ES @ 1053.25
[11:30] <+Nesi> Covered all ES Short @ 1053.50 --> - 0.5
[11:32] <+AndyES> Covered all ES Short @ 1053.75 --> - 0.25 «« simulator »»
[11:32] <+Nesi> Shorts ES @ 1053.75
[11:36] <+Nesi> Shorts ES @ 1053.75 -> Add
[11:36] <+Nesi> 4 total
[11:37] <+jbuch> Exited all ES Long @ 1054.5 --> + 1.25
[11:37] <+Nesi> shorts euro 148.29
[11:43] <+codehead> NQ hod is exact .382 so far, from 1752 high
[11:44] <+Nesi> out euro 148.19 +10
[11:45] <+rickf> vn
[11:45] <+Nesi> what is going on
[11:45] <+Nesi> dollar some fast mojo
[11:46] <+rickf> es dropped too
[11:54] <+Nesi> Covered all ES Short @ 1053.25 --> + 1
[11:57] <+Nesi> Shorts ES @ 1052.25
[11:57] <+Nesi> 2
[11:59] <+Nesi> Covered all ES Short @ 1053.00 --> - 0.75
[12:06] <+Nesi> Shorts ES @ 1054.00
[12:06] <+Nesi> 1
[12:06] <+Nesi> 1055 hard stop
[12:10] <+Nesi> Covered all ES Short @ 1055.00 --> - 1
[12:10] <+Nesi> Shorts ES @ 1054.00
[12:10] <+Nesi> 2
[12:11] <+jbuch> Shorts ES @ 1054.25
[12:14] <jigglyhippo> Shorts ES @ 1054.50
[12:14] <+jbuch> Covered all ES Short @ 1054.5 --> - 0.25
[12:14] <+jigglyhippo> tight stop
[12:15] <+AndyES> Shorts ES @ 1054.75 «« simulator »»
[12:16] <+jigglyhippo> nice more on the short side
[12:16] <+jigglyhippo>
[12:17] <+jigglyhippo> ahh not liking this
[12:19] <+jigglyhippo> creeeeping
[12:20] <+Nesi> shorts EURO 148.29
[12:22] <+Nesi> Covered all ES Short @ 1055.50 --> - 1.5
[12:22] <+jigglyhippo> Covered all ES Short @ 1055.50 --> - 1
[12:22] <+AndyES> Covered all ES Short @ 1055.5 --> - 0.75 «« simulator »»
[12:23] <+Nesi> out euro 148.35 -6
[12:23] <+jigglyhippo> slow meltup man
[12:23] <+jigglyhippo> so annoying
[12:36] <@X> #FuturesTrades Info -> You must read #FuturesTrades purpose and benefits @
viewtopic.php?f=5&t=36 and TOU policy @
viewtopic.php?f=2&t=55 to prevent any misunderstandings.
[12:39] <+Nesi> Shorts ES @ 1057.50
[12:39] <+Nesi> 1
[12:48] <+Nesi> Covered all ES Short @ 1059.75 --> - 2.25
[12:52] <+codehead> spx hit .382
[12:53] <+jigglyhippo> slightly late post
[12:53] <+jigglyhippo> Shorts ES @ 1059
[12:59] <+jigglyhippo> Covered 1/2 ES Short @ 1059 --> + 1
[13:00] <+Nesi> Shorts ES @ 1058.00
[13:00] <+jigglyhippo> sorry
[13:00] <+jigglyhippo> Covered 1/2 ES Short @ 1058 --> + 1
[13:01] <+jigglyhippo> stop still at 1060
[13:01] * +Nesi shorts euro 148.40
[13:01] <+Nesi> Shorts ES @ 1057.50 -> Add
[13:01] <+Nesi> 2 total
[13:04] <+jigglyhippo> Covered all ES Short @ 1057.50 --> + 1.5
[13:04] <+jigglyhippo> auction results out
[13:11] <+Nesi> 13:06ET [TNX] Ten-year note yields stay up after auction
[13:35] * Forex2stay is now known as Forex2stay_Away
[13:35] * Forex2stay_Away is now known as Forex2stay
[13:44] * codehead is now known as codehead_afk
[13:46] <+AndyES> Shorts ES @ 1060 «« simulator »»
[13:57] <+Nesi> Shorts ES @ 1059.50 -> Add
[13:58] <+AndyES> Covered 2/3 ES Short @ 1059 --> + 1 «« simulator »»
[14:40] <+AndyES> Covered Remainder ES Short @ 1060 --> 0 «« simulator »»
[14:42] <@X> #FuturesTrades Info -> You must read #FuturesTrades purpose and benefits @
viewtopic.php?f=5&t=36 and TOU policy @
viewtopic.php?f=2&t=55 to prevent any misunderstandings.
[14:45] <+AndyES> Shorts ES @ 1061.75 «« simulator »»
[14:49] <+AndyES> Covered all ES Short @ 1061.75 --> 0 «« simulator »»
[14:50] <+jbuch> Long ES @ 1061.25
[14:52] * wrbtrader_away is now known as wrbtrader
[14:52] <@wrbtrader> Yesterday was a trend day down and today is a trend day up
[14:54] <+jbuch> Exited all ES Long @ 1062 --> + 0.75
[14:55] <+jbuch> crazy
[14:55] <+jbuch> did bounce of the lower trend channel line on the daily
[14:56] <+jbuch> meant to go long on a swing trade when it touched it but never got around to it
[14:56] <+rickf> poised for a drop on the weekly i thgink
[14:59] <+jbuch> should havehung onto that
[15:00] <+jbuch> used up all my patience
the down trend yesterday
[15:06] <@wrbtrader> Long ES @ 1062.75 -> small size
[15:06] <@wrbtrader> 1 only
[15:06] <@wrbtrader> Exited ES Long @ 1063.25 --> + 0.5
[15:06] <+Nesi> Shorts ES @ 1063.25 -> Add
[15:08] <@wrbtrader> Been gone too long for most of the trading day due to personal reasons...not willing to do more size until I develop a better understanding of the price action.
[15:09] <+AndyES> relentlessly up, so far, with little selling
[15:09] <@wrbtrader> Long ES @ 1063.00 -> small size
[15:10] <@wrbtrader> 3 only
[15:10] <@wrbtrader> intuition
[15:11] <@wrbtrader> Exited all ES Long @ 1063.00 --> 0
[15:14] <@wrbtrader> Long ES @ 1063.50 -> medium size
[15:14] <@wrbtrader> 4 only
[15:15] <+AndyES> Shorts ES @ 1063.5 «« simulator »»
[15:16] <@wrbtrader> Oil and Gold not supporting ES at the moment
[15:18] <@wrbtrader> Exited all ES Long @ 1062.50 --> - 1
[15:18] <+AndyES> Covered 2/3 ES Short @ 1062.5 --> + 1 «« simulator »»
[15:19] <winmax60> wrbtrader...for oil and gold..what do you see?? GC & CL
?
[15:19] <@wrbtrader> Index
[15:19] <+winmax60> such as
[15:19] <+TraderG> QM is the mini of CL
[15:19] <@wrbtrader> OSX.X, XAU
[15:20] <+winmax60> ic
[15:21] <@wrbtrader> Long ES @ 1062.50 -> large size
[15:21] <@wrbtrader> 6 only
[15:22] <@wrbtrader> volatility increasing
[15:22] <@wrbtrader> hopefully it doesn't die within the next minute
[15:23] <@wrbtrader> Exited all ES Long @ 1062.00 --> - 0.5
[15:25] <jbuch> had to reboot
[15:29] <@wrbtrader> Long ES @ 1062.25 -> large size
[15:29] <@wrbtrader> 6 only
[15:30] <@wrbtrader> Exited all ES Long @ 1061.75 --> - 0.5
[15:31] <@wrbtrader> support broke
[15:32] <+AndyES> Covered Remainder ES Short @ 1061.25 --> + 2.25 «« simulator »»
[15:32] <@wrbtrader> Long ES @ 1062.00 -> large size
[15:33] <@wrbtrader> 6 only
[15:34] <@wrbtrader> Exited all ES Long @ 1061.50 --> - 0.5
[15:36] <+jbuch> Long ES @ 1061.5
[15:38] <@wrbtrader> Long ES @ 1061.75 -> large size
[15:38] <@wrbtrader> 9 only
[15:39] <@wrbtrader> that didn't last long
[15:40] <@wrbtrader> Exited all ES Long @ 1061.75 --> 0
[15:40] <@wrbtrader> Es getting a lot of help from Oil and Gold but not responding
[15:42] <@wrbtrader> Market now looks content to do nothing after the big gains.
[15:44] <@wrbtrader> Shorts ES @ 1061.25 -> large size
[15:44] <@wrbtrader> 6 only
[15:45] <+jbuch> Exited all ES Long @ 1060.5 --> - 1
[15:45] <@wrbtrader> Covered all ES Short @ 1059.75 --> + 1.5
[15:46] <+jbuch> broke the up trendline
[15:47] <@wrbtrader> It also broke a volatility contraction trendline in Gold and Oil
[15:47] <@wrbtrader> Shorts ES @ 1059.75 -> large size
[15:47] <@wrbtrader> 6 only
[15:48] <@wrbtrader> Covered all ES Short @ 1060.25 --> - 0.5
[15:50] <@wrbtrader> volatility declining
[15:50] <@wrbtrader> hopefully that's not it for the day
[15:51] <@wrbtrader> Shorts ES @ 1060.00 -> large size
[15:51] <@wrbtrader> 6 pm;u
[15:51] <@wrbtrader> come on...show up again
[15:52] <+AndyES> Long ES @ 1059.75 «« simulator »»
[15:52] <@wrbtrader> Covered all ES Short @ 1060.00 --> 0
[15:52] <@wrbtrader> punks
[15:54] <+rickf> parabolic down yesteerday, parabolic up today
[15:54] <@wrbtrader> Long ES @ 1060.75 -> large size
[15:54] <@wrbtrader> 6 only
[15:55] <+AndyES> Exited 1/2 ES Long @ 1061 --> + 1.25 «« simulator »»
[15:55] <+jbuch> Long ES @ 1061
[15:55] <+rickf> long es 1061
[15:56] <+AndyES> Exited Remainder ES Long @ 1061.5 --> + 1.75 «« simulator »»
[15:57] <+AndyES> Shorts ES @ 1062 «« simulator »»
[15:57] <+rickf> edit es 1062.25 +1.25
[15:57] <+AndyES> highly unlikely trade on my part
[15:58] <+jbuch> Exited all ES Long @ 1062.25 --> + 1.25
[15:58] <+rickf> copycat
[15:58] <+rickf> that short may still work andy
[15:59] <+AndyES> way too early...
[15:59] <+jbuch> gonna regret selling that that I think.
[15:59] <+AndyES> Covered all ES Short @ 1063 --> - 1 «« simulator »»
[16:00] <+jbuch> oh damn day is done.
[16:00] <@wrbtrader> Exited all ES Long @ 1061.50 --> + 0.75
[16:00] <+AndyES> yah...cya all
[16:00] <+rickf> but globex is juuuust starting
[16:01] <+rickf> for all you insomniacs out there
[16:01] <+jbuch> lol
[16:02] <+rickf> cya later folks
[16:02] <+jbuch> have a good night everyone.
[16:07] <@wrbtrader> That 1062 level was a tough one after the Emini ES got back above it late in the trading day...it was also a key level late on Tuesday late afternoon trading level
[16:07] <@wrbtrader> Take care all and see all tomorrow.
[16:07] * wrbtrader is now known as wrbtrader_away
[16:45] <@X> #FuturesTrades Info -> You must read #FuturesTrades purpose and benefits @
viewtopic.php?f=5&t=36 and TOU policy @
viewtopic.php?f=2&t=55 to prevent any misunderstandings.
[18:51] <@X> #FuturesTrades Info -> You must read #FuturesTrades purpose and benefits @
viewtopic.php?f=5&t=36 and TOU policy @
viewtopic.php?f=2&t=55 to prevent any misunderstandings.
[20:54] <@X> #FuturesTrades Info -> You must read #FuturesTrades purpose and benefits @
viewtopic.php?f=5&t=36 and TOU policy @
viewtopic.php?f=2&t=55 to prevent any misunderstandings.
Session Close: Thu Oct 29 22:26:51 2009
-------------------------
#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 methods and different perspective of the markets. To gain access to #FuturesTrades...please follow the instructions at the below link.
http://www.thestrategylab.com/ftchat/forum/viewforum.php?f=5The 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.
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 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
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http://www.thestrategylab.com/FuturesTradesChatRoom.htm 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 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.
Last of all, prior to December 1st 2008, archive logs of #FuturesTrades is stored at the below link.
http://www.thestrategylab.com/ArchivedPastTrades.htm Note: All logs regardless to their location at TheStrategyLab.com website are eastern standard time. Go Back To TheStrategyLab.com Homepage M.A. Perry - Founder of WRB Analysis (wide range body analysis)
