#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.
Posted by M.A. Perry
Trader and Founder of
WRB Analysis (wide range body analysis)
------------------------
Session Start: Mon Dec 14 01:59:45 2009
Session Ident: #futurestrades
[01:59] * Now talking in #futurestrades
[01:59] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[08:32] <@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.
[09:29] <drt> good morning
[09:29] <pat255>
all
[09:34] <@wrbtrader> Shorts ES @ 1108.25 -> large size
[09:34] <@wrbtrader> 9 only
[09:35] <@wrbtrader> Covered all ES Short @ 1107.50 --> + 0.75
[09:35] <werner>
all
[09:36] <@wrbtrader> sidelined...data problems
[09:36] <+pat255>
[09:37] <+drt> l es 07.25
[09:37] <jbuch> Long ES @ 1107.25
[09:39] <TraderG> the only news 2day are the Bill auctions @ 11 and 11:30 EST
[09:39] <+drt> cl es 07.27
[09:41] <+jbuch> Exited all ES Long @ 1105.75 --> - 1.5
[09:43] <+TraderG> i was looking @ the previous quorter contracts
did not understand where u guys r getting your #s from
[09:44] <+TraderG> quarter
[09:44] <+jbuch> Long ES @ 1106.5
[09:54] <+jbuch> Exited all ES Long @ 1106.75 --> + 0.25
[09:59] <@wrbtrader> Ok...I'm back
[09:59] <@wrbtrader> Shorts ES @ 1106.50 -> medium size
[09:59] <@wrbtrader> 4 only
[10:00] <+jbuch> good times
[10:01] <@wrbtrader> Anybody else in here have weird quotes for SPY, QQQQ between 0800 - 0830am est
??
[10:02] <Forex2stay> morning
[10:02] <+pat255> did not pay attention but seem ok
[10:05] <+werner> Long NQ @ 1795.50
[10:06] <@wrbtrader> Covered all ES Short @ 1105.25 --> + 1.25
[10:06] <+pat255> vn
[10:07] <@wrbtrader> Too bad I had to exit that prior Short early due to data problems.
[10:08] * codehead_afk is now known as codehead
[10:12] <+werner> Exited all NQ Long @ 1796.75 --> + 1.25
[10:18] <@wrbtrader> Shorts ES @ 1105.00 -> small size
[10:18] <@wrbtrader> 3 only
[10:25] <+jbuch> Long ES @ 1105
[10:29] <@wrbtrader> Covered all ES Short @ 1106.00 --> - 1
[10:35] <@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.
[10:36] <+jbuch> Exited all ES Long @ 1106.5 --> + 1.5
[10:36] <+pat255> vn jb good patience ..
[10:36] <+pat255> good entry
[10:36] <+jbuch> thanks
[10:44] <+jbuch> does any one have a good source for treasury auction news?
[10:45] <+pat255> not here jb..
[10:45] <+pat255> Nesi may have it ..he is not here today..
[10:46] <+jbuch> right on thanks pat
[11:14] <Nesi> hi all
[11:19] <+Nesi> is the market open today?
[11:22] <+jbuch> kind of
[11:24] <+Nesi> Long ES @ 1107.50
[11:25] <+Nesi> Exited all ES Long @ 1108.00 --> + 0.5
[11:36] <codehead> short NQ 1803.25 <paper> 1804.25 stop
[11:40] <+codehead> stopped -1.00 NQ <paper>
[11:41] <+codehead> just had to track that on paper--before that I did actually short that price, but when it wouldn't get more than 3 ticks my way, exited for a tick and want to track it to see if i did the right thing
[11:41] <+codehead> time not ready for short
[11:43] <+codehead> NQ filled gap today, ES not quite
[11:48] <+codehead> short NQ 1804.50 <paper>
[11:49] <+codehead> 6 tick stop
[11:52] <+codehead> exit half NQ +1.50 <paper>
[11:52] <+codehead> lower stop remainder to 1804.25 <paper>
[11:55] <+codehead> exit remainder NQ +1.75 <paper>
[11:58] <+jbuch> reading about Obama pressuring wells fargo , JP, Citi and some of the other big boys to lend to small businesses.
[11:59] <+jbuch> In my opinion the majority of small business lending is done by small local and regional banks.
[11:59] <+pat255> instead of taking risks they $$$ from consumers ..
[11:59] <+pat255> higher rates , late fees etc ..fees on everything ..
[11:59] <+jbuch> and the FDIC has for all intensive purposes shut down their lending capabilities
[12:00] <+pat255> y local banks are the best ..
[12:00] <+pat255> for lending but they too have become careful
[12:00] <+pat255> until the economy comes back .
[12:00] <+pat255> catch 22?
[12:02] <+jbuch> I have become friends with my banker he owns 5 regional banks. 2% of his loans are delinqent.
[12:02] <+jbuch> he is not getting any bailout $
[12:03] <+jbuch> he is not getting 0% overnight lending
[12:03] <+pat255> good ..
[12:03] <+jbuch> but he having the FDIC crawling up his ass and making call in a bunch of loans early
[12:04] <+pat255> not good ..they need to help local banks
[12:04] <+jbuch> it is to the point where he is afraid to lend because he doesn't know what the next requirement will be
[12:05] <+pat255> y
[12:05] <+pat255> he should write to O ..lol
[12:15] <+jbuch> they are bending over backwards to help the companies who had a big part in getting us into this mess but they are killing the companies who had good banking practices
[12:17] <+jbuch> drives me crazy
[12:27] <+pat255> y
[12:38] <@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] <+jbuch> obama is on
[12:44] <+codehead> short ES 1110.00 <paper> 2 pt target 3 pt stop, tick fade trade
[12:45] <+codehead> tough trade at this point
[12:47] <+codehead> obama done
[13:07] <+codehead> exit half ES +1.25 <paper> lower stop remainder to 1111.25
[13:11] <+codehead> cover ES +1.75 <paper>
[13:18] <+werner> Long NQ @ 1805.25
[13:22] <+Nesi> nothing out there
[13:22] <+Nesi> feels dead
[13:25] <+pat255> y ..taking trdaes in this 50/50
[13:28] <+werner> Exited all NQ Long @ 1807 --> + 1.75
[13:29] <+pat255> vn
[13:29] <+werner> tx
[13:48] <+werner> Long NQ @ 1804.75
[13:51] <@wrbtrader> A lot of low volatility range days lately
[13:51] <+werner>
[13:52] <@wrbtrader> In fact, if you look at the Emini ES 60min chart...we've been in a range since mid November
[13:52] <+werner> Exited all NQ Long @ 1805.75 --> + 1
[13:53] <+werner> indd
[13:58] <+werner> so many gaps the last months
[14:00] <@wrbtrader> That implies some of the best price movements has been occurring before 0930am est or while many of us are still asleep.
[14:02] <+werner> yes indd
[14:06] <+werner> is it cold there in Quebece?
[14:10] <+jbuch> Long ES @ 1108.25
[14:12] <@wrbtrader> Yes..cold enough now where you need your winter stuff on but not cold enough where you're afraid to take the kids outside and play in the snow.
[14:10] <+jbuch> Long ES @ 1108.25
[14:14] <+werner> wow, ok
[14:17] <+jbuch> I love albuquerque went mountain biking in a t shirt and shorts on sunday and skiing in 6 feet of fresh powder on sunday.
[14:17] <+pat255> wow
[14:18] <+werner> next week on ski in austria its in the mountains -23 degrees ...brrrrr
[14:18] <+jbuch> not feeling the love on this position
[14:18] <+jbuch> f or c werner
[14:19] <+werner> c
[14:19] <+werner> i think spend a lot of time on the bar
)
[14:21] <+jbuch> had to get a conversion chart
[14:21] <+jbuch>
[14:21] <+jbuch> that is cold
[14:22] <+werner>
[14:23] <+jbuch> werner are there conditions were you don't spend a lot of time at the bar
[14:23] <+werner> lol ...
[14:24] <+jbuch>
)
[14:27] <tomosyn57> test
[14:27] <jbuch> Exited all ES Long @ 1108.25 --> 0
[14:31] * wrbtrader is now known as wrbtrader_away
[14:35] <werner> mm disconnect here
[14:36] <+jbuch> I know it was a bad joke and all but no need to leave
)
[14:37] <+werner> hi hi
[14:38] <+jbuch> shoot should have gotten back in.
[14:40] <+werner> me to
[14:41] <@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.
[14:53] <+jbuch> why am I even staring at this screen
[15:06] <+Nesi>
http://www.forexfactory.com/showthread.php?t=211406[15:09] <+werner> wow
[15:09] <+werner> thats not so good
[15:09] <+jbuch> you could turn that into a country song.
[15:10] <+Nesi> lol
[15:10] <+werner>
[15:10] <+Nesi> shit happens
[15:10] <+Nesi> and puufff... we are all gone
[15:15] <+jbuch> mama don't let boys grow up to be traders.
[15:16] <+Nesi> es quote please
[15:16] <+jbuch> 1109
[15:16] <+Nesi> ths
[15:17] <+werner> his 3 years study is to short i think.... best is to study 6 yaers i think.... lol
[15:29] <+jbuch> Long ES @ 1108.25
[15:34] <+jbuch> come on baby
[15:38] <+jbuch> Exited all ES Long @ 1109 --> + 0.75
[15:39] <+jbuch> bummer my exit was at 1109.75
[15:39] <+jbuch> hit it a few times but no fill
[15:49] <+Nesi> take care all
[15:49] <+jbuch> cya
[15:49] <pat255> later nesi
[15:59] <+werner> gn all
[15:59] <+jbuch> same here take care every one
[15:59] <+werner>
[16:35] * codehead is now known as codehead_afk
[16:47] <@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.
-------------------------
#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 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. 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)
Skype Messenger: kebec2002
questions@thestrategylab.comGo Back To TheStrategyLab.com Homepage
