#FuturesTrades is
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#FuturesTrades is designed to be a
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http://www.thestrategylab.com/ftchat/forum/viewforum.php?f=5 Posted by M.A. Perry
Trader and Founder of
WRB Analysis (wide range body/bar analysis)
------------------------
Session Start: Fri Sep 24 08:28:34 2010
Session Ident: #FuturesTrades
[08:28:34] * Now talking in #FuturesTrades
[08:28:34] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[08:37:07] <JimL1> Long EC @ 1.3429 «« simulator »»
[08:38:26] <+JimL1> Exited all EC Long @ 1.3432 --> + 0.0003 «« simulator »»
[08:40:13] * Retrieving #FuturesTrades modes...
[08:41:02] <+JimL1> Long EC @ 1.3446 «« simulator »»
[08:41:59] <+JimL1> Long EC @ 1.3440 -> Add «« simulator »»
[08:52:51] <+JimL1> Exited EC Long @ 1.3436 --> - 0.001 «« simulator »»
[08:52:51] <+JimL1> Reverse and Enter Short EC @ 1.3436 «« simulator »»
[08:53:21] <+JimL1> Shorts EC @ 1.3443 -> Add «« simulator »»
[08:54:22] <+JimL1> Shorts EC @ 1.3438 -> Add «« simulator »»
[08:55:49] <@X> #FuturesTrades Info -> Chat room for traders of Emini Futures (EMD, TF, ES, NQ, YM), EuroFX Futures (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
[08:56:23] <+JimL1> Covered all EC Short @ 1.3450 --> - 0.0026 «« simulator »»
[09:01:06] * Looking up t user info...
[09:01:09] <+JimL1> Shorts EC @ 1.3445 «« simulator »»
[09:10:00] <+JimL1> Covered all EC Short @ 1.3450 --> - 0.0005 «« simulator »»
[09:12:25] <+JimL1> Long EC @ 1.3455 «« simulator »»
[09:12:42] <+JimL1> Long EC @ 1.3456 -> Add «« simulator »»
[09:13:34] <+JimL1> Long EC @ 1.3450 -> Add «« simulator »»
[09:17:25] <+JimL1> Exited all EC Long @ 1.3450 --> - 0.0005 «« simulator »»
[09:27:29] <drt>
all
[09:27:36] <Time4now>
[09:44:38] <+JimL1> Long EC @ 1.3456 «« simulator »»
[09:44:56] <+JimL1> Exited 1/3 EC Long @ 1.3460 --> + 0.0004 «« simulator »»
[09:45:11] <+JimL1> Exited 1/3 EC Long @ 1.3465 --> + 0.0009 «« simulator »»
[09:47:06] <+JimL1> Exited Remainder EC Long @ 1.3458 --> + 0.0002 «« simulator »»
[09:53:16] <+Time4now> well, home sales in 6
[09:59:34] <@wrbtrader> Shorts TF @ 657.10 -> small size
[09:59:39] <@wrbtrader> 3 only
[09:59:56] <@wrbtrader> 10am est key economic report price action chop...
[10:00:00] <@wrbtrader> all over the place
[10:00:39] <@wrbtrader> tigthen stop/loss
[10:01:50] <@wrbtrader> trailing @ profit
[10:02:30] <@wrbtrader> Covered all TF Short @ 656.50 --> + 0.6
[10:03:44] <@wrbtrader> Long TF @ 658.10 -> medium size
[10:03:49] <@wrbtrader> 4 only
[10:03:51] <@wrbtrader> intuition
[10:10:52] <@wrbtrader> support failure
[10:12:13] <@wrbtrader> Exited all TF Long @ 657.20 --> - 0.9
[10:17:34] <@wrbtrader> internet connection problems
Session Close: Fri Sep 24 10:17:52 2010
Session Start: Fri Sep 24 10:17:52 2010
Session Ident: #FuturesTrades
[10:17:52] * Disconnected
Session Close: Fri Sep 24 10:26:49 2010
Session Start: Fri Sep 24 10:27:54 2010
Session Ident: #FuturesTrades
[10:27:54] * Now talking in #FuturesTrades
[10:27:54] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[10:59:29] <@wrbtrader> Shorts TF @ 660.30 -> small size
[10:59:34] <@wrbtrader> 3 only
[11:00:34] <@wrbtrader> I have some internet problems...cable guy behind the house all morning doing something to all the lines for 5 houses including mine that connects to one box
[11:00:44] <@wrbtrader> Thus, I may get disconnected again
[11:05:23] <@wrbtrader> Covered all TF Short @ 660.90 --> - 0.6
[11:06:15] <Inertia> this will b 1 of those slow up-creep days (my crystal ball is back from the repair shop)
[11:06:43] <@wrbtrader> It started with a BIG BANG on the gap up at the open
[11:07:06] <+Inertia> i noticed that when we have a bigger gap the move is sustained in the direction of the gap at least until noon
[11:07:51] <+Inertia> than people chew on it during lunch time and in the afternoon all bets are off as to the direction
[11:13:23] <@wrbtrader> Long TF @ 661.70 -> medium size
[11:13:30] <@wrbtrader> 4 only
[11:13:33] <@wrbtrader> intuition
[11:21:27] <@wrbtrader> Exited all TF Long @ 661.60 --> - 0.1
[11:23:43] <@wrbtrader> EuroFX 6E and Forex EurUsd impressive today in their rally
[11:30:35] <codehead> NQ hit a res, possible get a retest try and pb now, have some signal rolling over
[11:44:06] <+codehead> there was the retest and pb
[11:53:29] <@X> #FuturesTrades Info -> Chat room for traders of Emini Futures (EMD, TF, ES, NQ, YM), EuroFX Futures (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
[12:35:08] <@wrbtrader> This letter from Schonefeld and the replies is a reality check about the current trading environment @
http://notablecalls.blogspot.com/2010/0 ... it-is.html [12:45:43] <@wrbtrader> Ever get that family you're just a few seconds behind or steps behind even though you got the market direction correct...now you know and why it's so difficult in chasing in comparison to prior years.
[12:52:12] <+Time4now> thats not the most uplifting article
[12:52:28] <@wrbtrader> Agree but we need to be aware and adapt
[12:53:16] <+Time4now> i'm still relatively new, maybe i will integrate into the current trading environment
[12:53:38] <@wrbtrader> That's an interesting commentary by you...
[12:53:59] <@wrbtrader> I use to think the current environment was a disadvantage for "new traders".
[12:54:08] <@wrbtrader> I've now reversed my view on that.
[12:54:36] <+Time4now> i'm still unproven,
[12:54:44] <@wrbtrader> They may be the best ones suited for current trading conditions because they aren't brainwashed by yester-years trading environment
[12:55:47] <+Time4now> it'll be about a year before I will know.
[12:56:00] <+Time4now> i'm still going to afghanistan, but the date moved to november
[12:58:33] <@wrbtrader> How long will you be gone
[12:58:35] <@wrbtrader>
[12:58:42] <+Time4now> one year min.
[12:59:02] <@wrbtrader> You going with a group
[12:59:13] <+Time4now> not that I know of
[13:00:46] <+Inertia> the Schonefeld is not that unusual in todays environment. all industries are scaling back and demand improved productivity
[13:01:11] <+JimL1> dx now testing dwnsloping tl's & ma's
[13:01:13] <@wrbtrader> True...I think one of the replies mentioned such
[13:01:30] <+Inertia> i did not read the replies
[13:01:40] <+Inertia> just commenting on the article
[13:01:57] <+Inertia> so it should not be so depressing
[13:02:24] <@wrbtrader> If it's your career...yes...it's a reality check
[13:03:31] <@wrbtrader> I had a friend in Seattle that owned two Video stores...the guy was making around 110k after expenses back in the early 90's.
[13:04:11] <@wrbtrader> He's now making about 35k after expenses and will soon close one store (letting go of 5 employees).
[13:04:38] <+Inertia> the bottom line is that the part of trading that is NOT done by computers/back boxes/HFT is going to be governed by humans and to some extent the mechanical trading systems are guided by humans and their emotions so nothing changed
[13:05:04] <@wrbtrader> The internet is killing him and he has hired someone to setup video download to better compete...more like survive.
[13:05:31] <@wrbtrader> Simply, if you were in the video store business...you'll be sad too
[13:05:41] <+Inertia> he want's to compete in the field of video downloading? how is he going to do that?
[13:06:34] <@wrbtrader> Same as iTunes and others...
[13:06:44] <+Inertia> 30 celsius in Toronto today
))
[13:06:51] <@wrbtrader> You pay a commercial fee to those that own the rights of the movie
[13:07:39] <@wrbtrader> Setup your site for viewing ONLY on the internet but not actual downloading for saving to a harddrive.
[13:07:58] <@wrbtrader> Many sites already doing that for a few years now
[13:08:31] <@wrbtrader> Convenient if you have a HDMI TV (flat screen)
[13:09:01] <@wrbtrader> Just hook your computer up to it and you can join one of those sites...watch movies just the same as if you had gone to the store and rented them
[13:09:53] <@wrbtrader> If you really want to record the movie...just use a DVD-Recorder
[13:11:04] <+codehead> DVD--ugh--difficult to watch after blu-ray ;-)
[13:11:42] <@wrbtrader> Yeah...blu-ray is helping the video store
[13:13:18] <@wrbtrader> So much piracy with DVD's these days...it's a billion dollar per year pirate busines
[13:14:01] <@wrbtrader> Long TF @ 663.60 -> small size
[13:14:11] <@wrbtrader> 1 only
[13:14:13] <@wrbtrader> intuition
[13:14:17] <+Time4now> when I was in iraq, just outside of base you could buy dvd's to movies that had not been released yet.
[13:15:23] <+Time4now> ~$3 each, quality varied
[13:19:12] <@wrbtrader> Yeah...I was a member of a site (got shut down by the FBI) that allowed downloads of Movies that was still in the theaters (new film arrivals)
[13:19:16] <@X> #FuturesTrades Info -> Chat room for traders of Emini Futures (EMD, TF, ES, NQ, YM), EuroFX Futures (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
[13:19:53] <@wrbtrader> I left the site as in stop downloading after a hearing a sad story from a friend trying to make it as a
artist
[13:24:56] <@wrbtrader> Exited TF Long @ 664.10 --> + 0.5
[13:32:01] <@wrbtrader> Interesting...when I post messages on twitter last year...only about 5% was viewed via Blackberry, cellphones or other direct applications like such.
[13:32:13] <@wrbtrader> This year it's 35%
[13:32:25] <@wrbtrader> Enormous percentage jump
[13:32:51] <@wrbtrader> That implies more traders aren't at their desktops
[13:39:06] <@wrbtrader> Shorts TF @ 664.60 -> small size
[13:39:16] <@wrbtrader> 1 only
[13:39:49] <@wrbtrader> Shorts TF @ 664.30 -> Add
[13:47:57] <@wrbtrader> Covered all TF Short @ 664.20 --> + 0.5
[13:48:11] <@wrbtrader> they're eating the stops like candy
[13:48:23] <@wrbtrader> put a tight stop in and the market jumps to it
[13:49:58] <@wrbtrader> SEC May Abolish Stop-Loss Orders @
http://www.marketwatch.com/story/sec-ma ... 2010-09-24[13:51:29] <+Time4now> wow, that's be new
[13:52:27] <+Time4now> I wonder how that would affect trading
[13:53:03] <@wrbtrader> A lot of the stuff I post involved stocks...bet more futures regulation is around the corner
[13:53:34] <@wrbtrader> However, stuff that impact stocks...ALWAYS impact futures
[14:12:33] <@wrbtrader> Shorts TF @ 663.60 -> small size
[14:12:42] <@wrbtrader> 2 only
[14:16:01] <@wrbtrader> stop tighten
[14:17:23] <@wrbtrader> Covered all TF Short @ 664.20 --> - 0.6
[14:28:19] <@wrbtrader> Here we go again...back at the original resistance area
[14:28:44] <@wrbtrader> Long TF @ 665.10 -> small size
[14:31:03] <@wrbtrader> trailing @ profit
[14:33:11] <@wrbtrader> Exited all TF Long @ 665.50 --> + 0.4
[14:34:50] <@wrbtrader> Long TF @ 665.70 -> small size
[14:34:52] <rickf> if they eliminate stop-loss orders they may as well tell retail investors to quit the market altogether, or else compensate them for losses when they can't exit a trade
[14:35:09] <@wrbtrader> rickf...agree
[14:39:47] <+rickf> i for one just don't 'get' the market this past month .... as you were saying earlier
[14:40:21] <+rickf> okay news, we soar ... not-so-bad news, we go up .... bad news, we drop and then recover from the lows
[14:40:56] <+rickf> makes no sense to me .... and the PA after 1030 seems to just suck, from what I can tell
[14:48:53] <@wrbtrader> Exited all TF Long @ 666.80 --> + 1.1
[14:49:51] <@wrbtrader> As usuall on big trend days this year...it begins with a BIG GAP on the regular session chart.
[14:50:06] <@wrbtrader> Simply, it made its move (trade signals) prior to 0930am est
[14:50:41] <@wrbtrader> Soon I'm going to adapt via starting my trading session much earlier around 4am - 5am est
[14:51:05] <@X> #FuturesTrades Info -> Chat room for traders of Emini Futures (EMD, TF, ES, NQ, YM), EuroFX Futures (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
[14:51:09] <@wrbtrader> To compensate...will call it quits for the day around 1pm est
[14:51:48] <@wrbtrader> I'm just getting tired of
for "leftovers" when the opening bell rings @ 0930am est
[14:52:35] <+Time4now> lol
[14:52:44] <+rickf> agreed
[14:54:19] <@wrbtrader> Long TF @ 666.80 -> small size
[14:54:24] <@wrbtrader> 2 only
[14:54:33] <@wrbtrader> same trade as before
[14:54:39] <+Time4now> you guys use tick or time based charts?
[14:54:45] <@wrbtrader> back in @ prior exit price
[14:54:48] <+rickf> time
[14:54:50] <@wrbtrader> time based for me
[14:55:03] <+Time4now> just wondering
[14:56:04] <@wrbtrader> Exited all TF Long @ 667.30 --> + 0.5
[14:56:35] <@wrbtrader> That's been the theme of my profits all day except for a prior trade
[14:56:54] <@wrbtrader> Just can stay in Long enough for a big winner
[15:01:02] <@wrbtrader> By the way, I removed the PASSWORD to #FuturesTrades because there's not enough "market commentary or trade posting".
[15:01:33] <@wrbtrader> Simply, anyone can log in now and hopefully "more" conversation occurs
[15:02:23] <+rickf> well for me the past month i've put on a few option spreads to try and hedge against the next leg down ... many of which at the moment are under water, but i'm looking out 6-12 month so i'm not too worried yet
[15:02:49] <+rickf> portfolio protection
[15:02:50] <@wrbtrader> more and more traders doing options these days
[15:02:56] <@wrbtrader> It's growing
[15:03:07] <+rickf> yeah - most of whiom prolly don't know what they're doing
[15:03:19] <@wrbtrader>
[15:03:30] <+rickf> not that I am perfect ... hell no.
[15:09:03] <@wrbtrader> Long TF @ 667.60 -> small size
[15:09:13] <@wrbtrader> 1 only
[15:09:21] <@wrbtrader> buy the highs
[15:09:28] <@wrbtrader> keep a tight tight stop
[15:09:57] <@wrbtrader> ooops
[15:11:11] <@wrbtrader> Exited TF Long @ 668.20 --> + 0.6
[15:11:54] <@wrbtrader> These are not scalp trades just because the profit is small
[15:12:07] <@wrbtrader> All trades have the goal of catching "points" instead of "ticks"
[15:12:54] <@wrbtrader> Missed a key part of trading due to disconnection from the internet today along with taking a break at the wrong time...
[15:13:14] <@wrbtrader> Feels like being a dog on the floor waiting for someone to throw me a few tidbits
[15:13:24] <+rickf> brilliant analagy
[15:18:06] <+Time4now> slow friday
[15:22:58] <+codehead> wow, this is scary
[15:23:09] <+codehead> just found there is a page on isthisyourname.com
[15:23:13] <+codehead> that is for me
[15:23:23] <+codehead> has quotes from usenet posts by me in 2003, 2005
[15:23:31] <+codehead> a band i played in, in 1979
[15:23:46] <+rickf> long /es OCT put fly 1140/1120/1100 -- will close it out if /es retraces to 1120 area in the next few weeks
[15:23:55] <+codehead> i assume it got this by mining from the web automatically
[15:31:26] <@wrbtrader> Long TF @ 667.40 -> small size
[15:31:31] <@wrbtrader> 2 only
[15:33:19] <@wrbtrader> I've seen stalls all day that take me out and then proceed higher...
[15:33:25] <@wrbtrader> Come on TF...get going
[15:33:32] <@wrbtrader> New Highs
[15:35:36] <@wrbtrader> Exited all TF Long @ 668.50 --> + 1.1
[15:37:19] <+rickf> oh wow ... steven colbert was a hoot on the hill this morning
[15:37:35] <+Time4now> daily show fan myself
[15:37:52] <+rickf> i rarely watch either
[15:38:09] <+rickf> usually crashed and then forget to grab the video lol
[15:38:39] <+Time4now> they're online as well
[15:38:51] <+rickf> yeah but i forget
[15:39:07] <+Time4now> i make it part of my mid day break
[15:54:42] <+rickf> volume is so-so today on the /es ... 1,6M
[15:59:31] <+rickf> okies -- have a good w/e everyone. see you when i see you.
[16:05:45] <@wrbtrader> Take care all and see all tomorrow
[16:06:37] <+Time4now> seeya
[16:06:42] <+Time4now> monday
[16:06:59] <@wrbtrader> Have a safe/good weekend
[16:07:38] * wrbtrader is now known as wrbtrader_away
[16:19:44] <@X> #FuturesTrades Info -> Chat room for traders of Emini Futures (EMD, TF, ES, NQ, YM), EuroFX Futures (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: Fri Sep 24 16:35:30 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 trade signal 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 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 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
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 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)
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