#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.
This is not a signal calling chat room nor is the chat room designed to be educational. #FuturesTrades is 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. Yet, you will see members providing useful
trading tips that may or may not help with your trading.
Therefore, we welcome all traders with their own methods or different perspective of the markets as long as they do not violate our
Terms of Use (TOU) Policy.
Thanks for reading the trades or market commentaries that's below and it's highly recommend you make reading of the logs a part of your trading routine because you will sometimes find useful
trading tips not discussed anywhere else online nor in any books.
Posted by M.A. Perry
Trader and Founder of
WRB Analysis (wide range body analysis)
------------------------
Session Start: Tue Mar 09 09:30:02 2010
Session Ident: #FuturesTrades
[09:30] * Now talking in #FuturesTrades
[09:30] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:30] <drt>
all
[09:31] <TraderG> good morning, bonjour, goedemorgen, buongiorno, buenos dias
[09:31] <rickf>
[09:31] <werner>
all
[09:33] <+rickf> short es 1134.75
[09:39] <Bambam-77> pos es trgt 37.25 area
[09:50] <+rickf> short es 1134.75 add
[09:50] <+rickf> 1136.75
[09:57] <+Bambam-77> 36 sup
[09:58] <+Bambam-77> 5 min bar
[10:00] <JimL1> waiting on IBD/TIPP @ 10 am
[10:04] <+Bambam-77> 41 next pos trgt
[10:11] * codehead_afk is now known as codehead
[10:11] <+Bambam-77> above 39.25 we should get 41 manage trds
[10:16] <+JimL1> tf measured move trgt 671
[10:17] <+Bambam-77> confirmed
[10:33] <mo2t> no trade yesterday... maybe no trade today
[10:36] <codehead> 1900.00 was globex high on NQ at mkt top
[10:36] <+codehead> bingo
[10:38] <@wrbtrader> Be careful about shorting this...volatility still has shown up yet and other key markets are still ranging.
[10:38] <@wrbtrader> meant - volatility still "has NOT" shown up.
[10:41] <@X> #FuturesTrades Purpose -> Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended. More info about the chat room @
http://www.thestrategylab.com/ftchat/forum[10:41] <+codehead> yeah--NQ a monster, no weakness shown yet at all
[10:41] <+codehead> 1903.00 next res
[10:42] <+codehead> 1144.50 gap fill on ES iirc
[10:42] <+codehead> lol--see 666 offer at 1903.00?
[10:43] <jbuch> Long ES @ 1138.5
[10:43] <+jbuch> late entry put the order in and had to leave
[10:44] <+rickf> exit es 1139.75
[10:45] <+jbuch> Exited all ES Long @ 1139.75 --> + 1.25
[10:46] <+jbuch> bad move
[10:47] <+jbuch> maybe not
[10:47] <Nesi> Shorts ES @ 1139.50
[10:48] <+jbuch> seems like sell the breakouts that work and keep the ones that come down and take me out at break even
[10:50] <+rickf> market is waiting some uberawesome cisco news at 11 ET
[10:56] <+rickf>
[11:01] <@wrbtrader> First sign of weakness in TF
[11:02] <@wrbtrader> Shorts TF @ 668.60 -> small size
[11:02] <@wrbtrader> 2 only
[11:03] <@wrbtrader> quick trade but then I'm going to try to re-short a bounce back upwards
[11:05] <@wrbtrader> Covered all TF Short @ 668.50 --> + 0.1
[11:06] <@wrbtrader> I'm still looking for confirmation for a change in supply/demand
[11:07] <@wrbtrader> Oil and Gold still in a tight trading range
[12:01] <+JimL1> Long TF @ 670.1 «« simulator »»
[12:01] <+JimL1> 2
[12:02] <+jbuch> I was anticipating a gap close this am, was just looking the wrong way
[12:03] <+jbuch> thought it would try and close the gap from a couple of days ago
[12:04] <+JimL1> 10-4 JB, don't cisco news sched for 11 EST was the wild car
[12:04] <+JimL1> card
[12:05] <+JimL1> strike "don't"
[12:05] <+jbuch> was it good or bad
[12:05] <+JimL1> new platform to compete with Google, i guess good I don't know about the content of the platform
[12:07] <+JimL1> i meant Google phone & braodband services
[12:08] <@X> #FuturesTrades Purpose -> Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended. More info about the chat room @
http://www.thestrategylab.com/ftchat/forum[12:08] <+jbuch> k thanks
[12:12] <+JimL1> Exited 1/2 TF Long @ 671.4 --> + 1.3 «« simulator »»
[12:12] <+JimL1> 671.2
[12:15] <+Bambam-77> 40 to 44 gann pos trgt
[12:17] <@wrbtrader> Just got back...should be able to focus on trading.
[12:17] <screenstruck> have had 2 bad days
[12:17] <+screenstruck> i missed you wrb !!!
[12:17] <+screenstruck>
[12:17] <@wrbtrader>
[12:18] <+screenstruck> i dont take your trades but helps to have a pacesetter
[12:18] <@wrbtrader> only one trade today so far for me...been outside doing some personal stuff
[12:24] <+rickf> back
[12:27] <+codehead> 3 more ES ticks to gap fill
[12:29] <@wrbtrader> Impressive slow market rise after folks got spooked late January
[12:40] <+rickf> that kind of happened when the fed started withdrawing liquidity i think
[12:42] <+Bambam-77> 44 for 48
[12:42] <+jbuch> [10:27:13] <+codehead> 3 more ES ticks to gap fill
[12:43] <+jbuch> I don't see that code when was the gap?
[12:44] <+codehead> 1144.50
[12:44] <+codehead> 1/19 close
[12:45] <+jbuch> I have that as filled on the daily probably did it pre market
[12:46] <+jbuch> thanks I c it
[13:02] <+codehead> hm, esignal shows 1144.50, another source 1145.75
[13:03] <+codehead> you see 1144.50?
[13:03] <@wrbtrader> Hey guys...just created a quick poll to test out this polling thing on on twitter @
http://twtpoll.com/u7ha20[13:04] <@wrbtrader> Please read the poll and answer...should take no more than 30 seconds...thanks
[13:05] <winmax60> wrbtrader..just did... thx
[13:05] <+rickf> done ... tho i do use a magic eight ball to confirm entries
[13:05] <@wrbtrader>
[13:05] <+codehead> esignal daily giving me 1145.75
[13:06] <+rickf> hey wrbtrader - i saw this last night and thought of you and all canadian folks:
http://www.patspapers.com/blog/item/wha ... ockey_game[13:10] <@wrbtrader> 5 voted from here...
[13:11] <@wrbtrader> Poll only posted in here. Now I just posted it publicly on twitter to see how fast the numbers change from 5 votes.
[13:12] <+mo2t> wrbtrader done now
[13:18] <+rickf> nother creeper trend day
[13:18] <+rickf> only 15mins of a pullback ... and not one i would have taken
[13:22] <+rickf> short es 1144.25
[13:33] <@wrbtrader> Long TF @ 673.30 -> small size
[13:33] <@wrbtrader> 3 only
[13:34] <@wrbtrader> 3 ticks late but may still reach a profit target
[13:38] <@X> #FuturesTrades Purpose -> Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended. More info about the chat room @
http://www.thestrategylab.com/ftchat/forum[13:40] <@wrbtrader> Exited all TF Long @ 672.60 --> - 0.7
[13:40] <@wrbtrader> on a creeper price movement...a 7 tick loss is a lot
[13:41] <@wrbtrader> overall volatility still declining
[13:41] <@wrbtrader> Shorts TF @ 672.40 -> small size
[13:41] <@wrbtrader> 3 only
[13:47] <@wrbtrader> support broken
[13:48] <@wrbtrader> lets see if Longs see this as a buying opportunity to reload
[13:50] <+rickf> out 1143.75 +.50
[13:55] <@wrbtrader> looks like us retail folks are
for ticks at support
[13:55] <@wrbtrader>
[13:55] <+codehead> yeah
[13:55] <+codehead> chopping myself today a bit, doing that
[13:58] <+rickf> vol contracting?
[13:58] <@wrbtrader> Yes
[13:59] <@wrbtrader> it's setting up for a volatility spike.
[13:59] <@wrbtrader> hopefully it takes prices down and not up
[13:59] <+rickf> my setup suggests 'long' but my gut says short
[13:59] <+rickf> ergo i am flat for now
[14:00] <@wrbtrader> a few more ticks to 671.60 and I can trail @ profit
[14:00] <+codehead> bounces weak at the moment
[14:05] <@wrbtrader> Covered all TF Short @ 672.20 --> + 0.2
[14:09] <@wrbtrader> still waiting for that volatility spike after the last volatility contraction
[14:09] <@wrbtrader> very slow trend day
[14:12] <+mo2t> horizontal resistance on NQ
[14:16] <@wrbtrader> Long TF @ 672.50 -> small size
[14:16] <@wrbtrader> 2 only
[14:19] <@wrbtrader> the volatility spike didn't show up in the prior trade to take me to a profit target...
[14:19] <@wrbtrader> Hopefully it does this time around
[14:26] <@wrbtrader> Exited all TF Long @ 672.80 --> + 0.3
[14:28] <+rickf> short es 1144.25
[14:35] <@wrbtrader> Shorts TF @ 672.00 -> small size
[14:35] <@wrbtrader> 2 only
[14:35] <@wrbtrader> didn't expect that
[14:36] <@wrbtrader> need to be careful...
[14:36] <@wrbtrader> it looks and smells like a spike...but it's not
[14:38] <@wrbtrader> now confirmed as a spike
[14:42] <@wrbtrader> another support area
[14:43] <@wrbtrader> It's also a profit target area
[14:43] <@wrbtrader> Profit target area @ 671.20 - 670.50
[14:45] <@wrbtrader> Covered all TF Short @ 671.20 --> + 0.8
[14:47] <+rickf> exit 1/2 es 1142 +2.25
[14:48] <@wrbtrader> Oil and Gold below their own support areas now
[14:51] <@wrbtrader> support getting weaker
[14:52] <+rickf> support gone imho ... ES pulling a Wiley Coyote running off the cliff, and pausing to hold up a sign saying "oops!"
[14:53] <+codehead> 1040.00 was breakout, and is .382
[14:53] <@wrbtrader> If the ES can put in a Tweezer support with Harami...it'll move upwards at least a point...
[14:53] <+codehead> 1036.75 support for more extreme pb
[14:53] <@wrbtrader> If not...it'll drop
[14:53] <@wrbtrader> Shorts TF @ 670.60 -> small size
[14:54] <@wrbtrader> 2 only
[14:54] <@wrbtrader> weak support broken
[15:02] <@wrbtrader> Covered all TF Short @ 669.90 --> + 0.7
[15:08] <@X> #FuturesTrades Purpose -> Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended. More info about the chat room @
http://www.thestrategylab.com/ftchat/forum[15:12] <@wrbtrader> weak support area
[15:12] <@wrbtrader> lets see if it holds
[15:13] <@wrbtrader> Shorts TF @ 669.10 -> small size
[15:13] <+codehead> 1138.50 then 1136.75
[15:13] <@wrbtrader> 3 only
[15:13] <+codehead> next supports
[15:14] <@wrbtrader> I have another around 668.50
[15:14] <@wrbtrader> That's tight for this trade on such a creeper day
[15:15] <+rickf> exitt 1/2 es 1139.25
[15:15] <+rickf> h2
[15:16] <@wrbtrader> Covered all TF Short @ 668.50 --> + 0.6
[15:16] <+rickf> +5 on that second exit
[15:16] <+rickf> stop at 1140 so locking in 2.25
[15:17] <@wrbtrader> That's a big spike
[15:17] <@wrbtrader> biggest of the day so far
[15:17] <+rickf> yeah
[15:17] <+rickf> getting violent
[15:19] <@wrbtrader> My next key price zone @ 665.50 - 664.30
[15:20] <+rickf> i dont have a target on the es
[15:20] <+rickf> ok maybe 36.50 area
[15:22] <@wrbtrader> Long TF @ 667.80 -> small size
[15:22] <@wrbtrader> 1 only
[15:22] <@wrbtrader> If wrong...an easy position reversal
[15:22] <@wrbtrader> Exited TF Long @ 677.40 --> + 9.6
[15:22] <@wrbtrader> Reverse and Enter Short TF @ 677.40
[15:22] <@wrbtrader> 2 only
[15:22] <+rickf> IT'S JUST LIKE 2008 AGAIN !!
[15:23] <@wrbtrader> ooops...
[15:23] <+rickf>
[15:23] <@wrbtrader> -0.4 on the Long
[15:23] <@wrbtrader> will repost short
[15:23] <@wrbtrader> Shorts TF @ 667.40 -> small size
[15:25] <+rickf> exit 1/2 es 1136.25
[15:25] <+rickf> h1
[15:25] <+rickf> stop at 1138 so locking in 4.25
[15:25] <@wrbtrader> Covered all TF Short @ 666.10 --> + 1.3
[15:28] <+rickf> exit es 1138
[15:34] <+codehead> ES low was 1-1 exact (1040.50-1131.50-1145.25-1136.25)
[15:36] <@wrbtrader> I missed most of the uptrend but got a little of the downtrend.
[15:37] <@wrbtrader> Going to call it quits again and go outside to remove more ice (almost broke my neck the other day walking on the patio).
[15:38] <@wrbtrader> Take care all and see all tomorrow.
[15:38] * wrbtrader is now known as wrbtrader_away
[15:38] <+rickf> cya
[15:38] <+werner> cya
[15:50] <pdays> Long TF @ 667.9 «« simulator »»
[15:51] <+pdays> Exited 1/4 TF Long @ 668.5 --> + 0.6 «« simulator »»
[15:53] <+pdays> Exited 1/2 TF Long @ 669.0 --> + 1.1 «« simulator »»
[15:54] <+pdays> Exited Remainder TF Long @ 668.1 --> + 0.2 «« simulator »»
[16:01] <+rickf> gnite all, see you tomorrow
-------------------------
#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
spam free chat room during trading although these archived chat logs may contain advertisments for guest visitors. More information about #FuturesTrades @
http://www.thestrategylab.com/FuturesTradesChatRoom.htm 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
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Euronext Futures FTSE-100 and CAC-40
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NYMEX Energy Futures Light Crude Oil CL, e-miNY QM and Natural Gas NG
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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.
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 analysis)
@
http://twitter.com/wrbtrader Phone: +1 708 572-4885
Business Hours: 8am - 5pm est (Mon - Fri)
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