#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 Jul 13 09:25:55 2010
Session Ident: #FuturesTrades
[09:25:55] * Now talking in #FuturesTrades
[09:25:55] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:27:48] <pat255>
all
[09:30:11] <@wrbtrader> enormous up gap
[09:30:48] <+pat255> Es may touch 80
[09:30:56] <+pat255> sorry 90
[09:33:21] <@wrbtrader> Shorts TF @ 628.40 -> medium size
[09:33:26] <@wrbtrader> 4 only
[09:33:29] <@wrbtrader> intuition
[09:35:06] <@wrbtrader> It's
hard not to fall like a rock
[09:35:14] <+pat255> y
[09:35:32] <+pat255> L 86 es
[09:35:38] <@wrbtrader> Covered all TF Short @ 628.80 --> - 0.4
[09:35:52] <Inertia> new in 25 min and @ 2PM EST
[09:35:54] <@wrbtrader> Long TF @ 629.00 -> medium size
[09:35:56] <+Inertia> news
[09:36:07] <@wrbtrader> 4 only and intuition
[09:36:56] <+pat255> out Es
[09:37:56] <@wrbtrader> Exited all TF Long @ 629.20 --> + 0.2
[09:39:57] <@wrbtrader> Long TF @ 629.00 -> small size
[09:40:01] <@wrbtrader> 3 only
[09:41:21] <@wrbtrader> chop city
[09:42:25] <@wrbtrader> Exited all TF Long @ 627.50 --> - 1.5
[09:44:24] <@wrbtrader> weak support area
[09:44:50] <@wrbtrader> Long TF @ 627.60 -> small size
[09:44:54] <@wrbtrader> 3 only
[09:46:11] <@wrbtrader> Exited all TF Long @ 628.00 --> + 0.4
[09:46:28] <rickf>
[09:47:43] <@wrbtrader> Shorts TF @ 627.20 -> medium size
[09:47:51] <@wrbtrader> 4 only
[09:49:45] <+pat255> es support 1084?
[09:50:40] <@wrbtrader> It looks like weak support to me...good place where Longs may be interested in showing up
[09:51:19] <@wrbtrader> TF is battling at it's own support area
[09:51:26] <@wrbtrader> could go either way
[09:51:35] <+pat255> y
[09:51:40] <@wrbtrader> testing my patience
[09:52:18] <@wrbtrader> Covered all TF Short @ 628.30 --> - 1.1
[09:52:27] <+rickf> ;(
[09:52:33] <+Inertia> TF and ES @ premarket open level
[09:53:17] <@wrbtrader> That's one of the problems with big gaps...the chop is usually big too
[09:55:32] <@wrbtrader> Shorts TF @ 628.00 -> medium size
[09:55:38] <@wrbtrader> 4 only
[09:58:05] <@wrbtrader> Covered all TF Short @ 628.80 --> - 0.8
[09:58:17] <@wrbtrader> range now showing up in other key markets.
[09:58:26] <@wrbtrader> Punks are going to sit on this
[10:00:09] <@wrbtrader> Long TF @ 629.10 -> medium size
[10:00:13] <@wrbtrader> 4 only
[10:00:18] <@wrbtrader> intuition
[10:00:29] <@wrbtrader> come on...don't sit...move
[10:00:30] <+Inertia> news worse than exp
[10:00:44] <@wrbtrader> News
[10:01:09] <+Inertia> IBD econom optim
[10:01:31] <+Inertia> low priority but news nevertheless
[10:01:35] <@wrbtrader> Ok...thanks...I see it now
[10:03:03] <@wrbtrader> A breakout to the upside out of this chop would be nice if such can occur before I lose my patience again
[10:03:32] <@wrbtrader> wow...thanks guys
[10:05:59] <@wrbtrader> Exited 3/4 TF Long @ 631.20 --> + 2.1
[10:06:07] <@wrbtrader> 2 then 1
[10:13:08] <pdays> Long ES @ 1089.5
[10:17:25] <+pdays> Exited ES Long @ 1089.0 --> - 0.5
[10:17:25] <+pdays> Reverse and Enter Short ES @ 1089.0
[10:32:23] <+pdays> Covered all ES Short @ 1087.75 --> + 1.25
[10:32:32] <@wrbtrader> Exited Remainder TF Long @ 629.70 --> + 0.6
[10:37:23] <@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[10:40:20] <+rickf> back later
[11:04:32] <codehead> nice NQ triangle
[11:05:16] <Time4now> neat
[11:28:40] <@wrbtrader> Long TF @ 632.60 -> small size
[11:28:43] <@wrbtrader> 2 only
[11:32:16] <@wrbtrader> Exited all TF Long @ 634.20 --> + 1.6
[11:32:40] <+pat255> vn N
[11:33:18] <@wrbtrader> still down a few points for the day
[11:33:55] <@wrbtrader> Main problem is my mental aspect of the game...like yesterday when I said I
[11:34:04] <@wrbtrader> I am really not ready
[11:35:14] <@wrbtrader> Most likely after today will take it easy for the remainder of the month to re-energize because I've gotten good at recognizing the symptoms or "burning out" a little.
[11:35:43] <+pat255> i need to pay attention to it ..
[11:36:32] <Inertia> I am totaly not here today. I take trades for no reason. The strange thing is that I am calm despite the losses
[11:37:25] <+Inertia> and I had a crash during a trade
which did not cause me to sweat
another unusual thing
[11:39:07] <@wrbtrader> I usually have one month of trading in the summer that my lowest production month...mainly due to "resting" sort'uv speak to re-energize.
[11:39:21] <@wrbtrader> I basically take it easy to avoid making a ton of trade errors.
[11:39:53] <@wrbtrader> Call it fear if you want
[12:04:24] <@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[12:52:27] <Richie> hey
[12:52:52] <+Richie> just trying mIRC out
[12:52:57] <+Richie> had never used it before
[12:56:48] <+Richie> i seem to be doing something wrong
[12:57:19] <+Richie> or there is just nobody there...
[12:57:24] <+Richie> that would bother
[13:01:53] <+Richie> nope...
[13:01:59] <+Richie> helloooo?
[13:02:10] <@wrbtrader> Hi Riche
[13:02:22] <@wrbtrader> slow period of the day for most
[13:02:38] <+Richie> cheers
[13:03:05] <+Richie> just wasn't sure if i was doing things properly
[13:03:15] <@wrbtrader> Long TF @ 635.50 -> small size
[13:03:29] <@wrbtrader> 2 only
[13:04:36] <@wrbtrader> I know some in here take long lunches around this time...including me.
[13:05:01] <@wrbtrader> However, I'm sitting at a loss currently for the day and decided to keep my lunch small
[13:05:18] * Looking up Richie user info...
[13:05:19] <+Richie> okaydokay
[13:05:38] <+Richie> i do not have much to contribute currently as I am already at home
[13:06:01] <@wrbtrader> that's ok
[13:06:07] <+Richie> 80-90% of my trading is done in the european mornings
[13:06:38] <+Richie> not sure how you guys can share my ideas/approach
[13:07:07] <@wrbtrader> You're UK time
[13:07:15] <+Richie> yeah
[13:07:26] <+Richie> that's 3 in the morning in chicago or so
[13:07:29] <+Richie> am
[13:08:14] <+Richie> actually the market opens at 1am chicago time
[13:08:24] <@wrbtrader> correct
[13:08:43] <+Richie> and the best period tends to be 1am to 4am...
[13:08:44] <@wrbtrader> You trade the FTSE100 futures also
[13:08:55] <+Richie> that's when most paper trades
[13:09:12] <+Richie> not really, i'm rubish trading directionally
[13:09:21] <@wrbtrader> If I remember...you're trading the BUND or so...correct
[13:09:41] <+Richie> mainly bobl-teds/ schatz-teds...
[13:09:46] <@wrbtrader> Ok
[13:10:25] <+Richie> and all kind of stuff around it, that normally and in theory offsets that trade
[13:11:28] <@wrbtrader> Exited all TF Long @ 635.70 --> + 0.2
[13:11:34] <@wrbtrader> geeesh
[13:11:50] <+Richie> i seem to bring you luck
[13:11:52] <+Richie> :-)
[13:12:00] <@wrbtrader> kepted a tight trail on that one due to not having a lot of faith in the price action
[13:12:16] <+Richie> 100% track-record with me on board
[13:15:45] <@wrbtrader> weak support area developed
[13:16:17] <@wrbtrader> Shorts TF @ 633.90 -> small size
[13:16:25] <@wrbtrader> 3 only
[13:16:27] <@wrbtrader> intuition
[13:16:46] <@wrbtrader> tight stop
[13:18:28] <@wrbtrader> Covered all TF Short @ 633.70 --> + 0.2
[13:18:50] <@wrbtrader> still not getting much even with the increasing volatility
[13:19:42] <@wrbtrader> That big gap up at the open took away a lot of steam out of the markets today
[13:21:26] <@wrbtrader> Shorts TF @ 633.50 -> small size
[13:21:31] <@wrbtrader> 1 only
[13:21:46] <@wrbtrader> intuition again
[13:22:32] <@wrbtrader> Covered TF Short @ 633.90 --> - 0.4
[13:25:58] <@wrbtrader> Long TF @ 633.90 -> small size
[13:26:06] <@wrbtrader> 2 only
[13:26:34] <@wrbtrader> Exited all TF Long @ 633.20 --> - 0.7
[13:27:04] <@wrbtrader> Shorts TF @ 633.10 -> medium size
[13:27:10] <@wrbtrader> 4 only
[13:27:17] <@wrbtrader> support failure
[13:29:04] <@wrbtrader> tough tough tough
[13:30:41] <@wrbtrader> Covered all TF Short @ 634.00 --> - 0.9
[13:30:47] <@wrbtrader> back above support
[13:34:24] <@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[13:37:44] <@wrbtrader> Long TF @ 634.20 -> small size
[13:37:49] <@wrbtrader> 1 only
[13:39:07] <@wrbtrader> Long TF @ 634.50 -> Add
[13:39:14] <@wrbtrader> 2 added
[13:39:41] <@wrbtrader> Long TF @ 634.80 -> Add
[13:39:52] <@wrbtrader> 3 added
[13:46:47] <+rickf> back
[13:58:41] <@wrbtrader> when I see all these 1 contract trades...feels like the big boys have gone home
[13:58:49] <@wrbtrader> not good trading conditions
[13:59:03] <+rickf> i filter them out ... usually have a 5 or 10 contract threshold
[13:59:10] <+rickf> cuts down on screen 'noise' for me
[13:59:17] <+rickf> but yeah, even there it ain't moving
[14:01:12] <+rickf> video from yesterday's interview, for those interested:
http://infowarrior.org/media/Bloomberg-GoogleStreet.mp4[14:02:18] <@wrbtrader> thanks
[14:02:46] <+rickf> was okay. not looking for praise, just sharing the fun
[14:02:50] <+rickf>
[14:03:15] <+rickf> next time i'll have them mention me as "Director of Research, #futurestrades" if you like
[14:04:09] <+rickf> short es 1091
[14:08:31] <@wrbtrader> Exited TF Long 3 contracts @ 635.00 -> +0.8 (1 contract) and +0.5 (2 contracts)
[14:08:43] <@wrbtrader> Holding 3 contract remainders
[14:09:41] <@wrbtrader> wasn't the original plan to scale out but the price action is really going nowhere...just some chop up/down about a point
[14:09:42] <+rickf> exit es 1090.50 +.50
[14:09:58] <+rickf>
too quiet
[14:10:15] <+rickf> now it will break
[14:16:36] <@wrbtrader> Exited TF Long 2 contracts @ 636.00 -> +1.2
[14:16:48] <@wrbtrader> Holding 1 contract remainder
[14:24:09] <@wrbtrader> Exited TF Long remainder @ 635.10 -> +0.3
[14:24:21] <+rickf> weird tape this week so far
[14:24:28] <@wrbtrader> yep
[14:24:30] <@wrbtrader> sluggish
[14:35:17] <@wrbtrader> Long TF @ 636.00 -> small size
[14:35:24] <@wrbtrader> 2 only
[14:35:28] <@wrbtrader> intuition
[14:43:26] <@wrbtrader> Exited all TF Long @ 636.60 --> + 2.4
[14:43:35] <@wrbtrader> incorrect
[14:43:47] <@wrbtrader> + 0.6
[14:45:16] <+pdays> Shorts ES @ 1092.5
[14:45:31] <+pdays> Covered all ES Short @ 1091.5 --> + 1
[14:54:51] <+codehead> must have been in line early?
[14:54:59] <+codehead> very little traded at 1092.50
[15:04:25] <@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[15:04:30] <@wrbtrader> Looks like the trading day is going to finish as a trend day...in comparison to earlier it was looking like a range day after the big gap to the upside at the open
[15:06:27] <+rickf> i know it's a quiet day when i start posting at ET
[15:07:13] <+rickf> only really 2 pullbacks today to enter on
[15:12:21] <+codehead> YM has a res at 10340, then 10379--.500 on the weekly
[15:14:40] <@wrbtrader> Yes...it's a very quiet day for many today
[15:15:11] <@wrbtrader> Long TF @ 640.20 -> small size
[15:15:19] <@wrbtrader> 1 only
[15:15:23] <@wrbtrader> intuition
[15:15:28] <@wrbtrader> not much else up here
[15:16:19] <+codehead> ES has a nice symmetry on the daily at 1095.00
[15:16:39] <+codehead> and the biggest order is waiting there
[15:17:21] <@wrbtrader> Exited TF Long @ 640.40 --> + 0.2
[15:19:05] <@wrbtrader> There's a big gap to fill on the 60min regular session chart (easier to see via IWM)...that's what I am watching closely
[15:20:09] <@wrbtrader> Still continuation since last Wednesday's price action
[15:24:03] <+rickf> ES approaching the 200MA
[15:29:51] <@wrbtrader> Long TF @ 640.80 -> small size
[15:29:57] <@wrbtrader> 2 only
[15:30:01] <@wrbtrader> intuition
[15:30:24] <@wrbtrader> trying to fade one of my failed signals
[15:31:54] <@wrbtrader> Exited all TF Long @ 640.60 --> - 0.2
[15:32:11] <+Inertia> has any1 look into the stats of the direction of the close relative 2 the direction of the gap?
[15:32:55] <+Inertia> look=looked
[15:33:17] <@wrbtrader> I thought I saw a few posts about such over at Traderslaboratory but they were a few years back
[15:33:32] <+Inertia> i'll do it 2night
[15:34:25] <@wrbtrader> volatility contracting nicely right now
[15:34:46] <@wrbtrader> I'm now expecting a volatility spike here soon...just don't know which directin price will follow
[15:39:04] <@wrbtrader> higher highs with higher lows
[15:39:49] <@wrbtrader> Long TF @ 640.90 -> small size
[15:39:53] <@wrbtrader> 3 only
[15:40:44] <@wrbtrader> trying to fill the gap
[15:44:08] <@wrbtrader> Exited all TF Long @ 641.00 --> + 0.1
[15:44:12] <@wrbtrader> punks
[15:45:59] <@wrbtrader> Long TF @ 641.50 -> small size
[15:46:08] <@wrbtrader> 2 only
[15:46:12] <@wrbtrader> intuition
[15:46:18] <@wrbtrader> trying again for that gap fill
[15:48:38] <@wrbtrader> Exited all TF Long @ 642.60 --> + 1.1
[15:48:44] <@wrbtrader> Gap Filled
[15:54:00] <@wrbtrader> Shorts TF @ 641.20 -> small size
[15:54:06] <@wrbtrader> 2 only
[15:54:12] <@wrbtrader> chaser
[15:54:19] <@wrbtrader> intuition because of the chasing
[15:55:47] <@wrbtrader> trail tighten @ profit
[15:57:20] <@wrbtrader> Covered all TF Short @ 640.10 --> + 1.1
[16:07:04] <@wrbtrader> got profitable for the day (barely) only because I stayed with the trend until that last trade when the volatility showed up to push it down
[16:09:42] <+Inertia> well i did not quiet recover my losses 4 today but ended up better than in mid-day
[16:12:13] <@wrbtrader> tough day
[16:12:38] <@wrbtrader> will be a lot easier tomorrow...will get some help from a few key market events and the gap fill today
[16:13:07] <@wrbtrader> meant...help via the key market events that's schedule tomorrow
[16:15:08] <+rickf> see y'all tomorrow
[16:16:31] <+Inertia> gn
[16:22:51] <+codehead> INTC rocking the mkt
[16:23:02] <+codehead> hpq dell appl...
[16:23:51] <+codehead> msft...
[16:25:51] <@wrbtrader> Any CQG users in here
If so...please let me know via email. Thanks
[16:26:38] <@wrbtrader> Take care all and see all tomorrow.
[16:26:44] * wrbtrader is now known as wrbtrader_away
[16:34:25] <@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/forumSession Close: Tue Jul 13 19:22:05 2010
-------------------------
#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
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 UsdCdn
Exchange Traded Funds VXX, DIA, IWM, QQQQ, SPY, BGU, FAS, FAZ, TNA, OIH, XLE and GLD
NYMEX Energy Futures Light Crude Oil CL, e-miNY QM and Natural Gas NG
COMEX Metal Futures Gold GC, mini-Gold YG, Copper HG and Silver SI
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 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 or http://stocktwits.com/wrbtrader Phone: +1 708 572-4885
Business Hours: 8am - 5pm est (Mon - Fri)
Skype Messenger: kebec2002
questions@thestrategylab.comGo Back To TheStrategyLab.com Homepage
