#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: Wed Dec 16 00:00:00 2009
Session Ident: #futurestrades
[08:08] <@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>
all
[09:31] <jbuch>
everyone
[09:31] <pat255>
[09:34] <+jbuch> gapped up right against a resistance area
[09:36] <+pat255> y
[09:38] <Nesi> hi all
[09:40] <+jbuch> Long ES @ 1109
[09:40] <+Nesi> Long ES @ 1109.25
[09:41] <+Nesi> Exited all ES Long @ 1108.00 --> - 1.25
[09:41] <@wrbtrader_away> Long ES @ 1108.25 -> large size
[09:41] <+jbuch> Exited all ES Long @ 1108.25 --> - 0.75
[09:41] * wrbtrader_away is now known as wrbtrader
[09:41] <@wrbtrader> 9 only
[09:41] <+Nesi> Long ES @ 1108.50
[09:51] <+Nesi> Exited all ES Long @ 1110.00 --> + 1.5
[09:51] <+jbuch> nice guys
[09:51] <+Nesi> i just made some back
[09:52] <+Nesi> i could not hold any longer
[09:52] <+pat255> vn
[09:54] <@wrbtrader> Exited ES Long @ 1110.50 --> + 2.25
[09:55] <+jbuch> beauty
[09:56] <+pat255> vn
[10:07] <@wrbtrader> volatility declining...
[10:08] <@wrbtrader> We're going to get another volatility spike or go into the usual low volatility trading range.
[10:08] <+pat255> y
[10:08] <@wrbtrader> I'm betting more on the latter.
[10:08] <@wrbtrader> Should be like watching paint dry until the FOMC Announcement this afternoon.
[10:12] <+pat255> looks like
[10:14] <@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.
[10:16] <+jbuch> Shorts ES @ 1109.25
[10:19] <+jbuch> Covered all ES Short @ 1109 --> + 0.25
[10:24] <+jbuch> moved my stop down to soon
[10:32] <@wrbtrader> Long ES @ 1109.50 -> small size
[10:32] <@wrbtrader> 2 only
[10:32] <@wrbtrader> trade error...didn't wait for confirmation
[10:33] <@wrbtrader> Will holdbecause it is a low risk trade for me
[10:35] <@wrbtrader> Exited all ES Long @ 1110.00 --> + 0.5
[10:36] <+Nesi> Long ES @ 1110.25
[10:36] <+Nesi> 1
[10:36] <+Nesi> oil helping
[10:44] <+Nesi> cant hold much longer
[10:45] <+Nesi> Exited all ES Long @ 1109.75 --> - 0.5
[10:51] * codehead_afk is now known as codehead
[10:54] <@wrbtrader> Once again...another GAP day at the open on the regular session chart and the best price movement occurred in the overnight trading session.
[10:55] <+pat255> y ..left the mkt 3 pm was so boring last hr fell 4-5 pts
[11:14] <+Nesi> Long ES @ 1110.75
[11:14] <+Nesi> 1
[11:20] <@wrbtrader> Be back later...got my audio alerts set loud @ 1112 and 1108
[11:20] * wrbtrader is now known as wrbtrader_away
[11:24] <+Nesi> comeon
[11:24] <+Nesi> take it
[11:30] <+Nesi> mamamia
[11:32] <+Nesi> Exited all ES Long @ 1111.00 --> + 0.25
[11:32] <+jbuch> good patience,good entry, just a shitty market
[11:34] <+codehead> short ES 1111.50 <paper>
[11:38] <+codehead> cover half ES +.75 <paper>
[11:38] <+codehead> stop on remainder 1112.25 <paper>
[11:40] <+codehead> 1108.75 target, may be a bit much till fomc
[11:49] <+codehead> cover ES +1.25 <paper>
[11:50] <+codehead> target still 1108.75, just done watching it
[12:20] <@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.
[12:37] <+codehead> hm, Christmas is full moon
[12:57] * wrbtrader_away is now known as wrbtrader
[13:00] <+codehead> long YM 10413 <paper>
[13:00] <+codehead> boredom trade, testing symmetry level
[13:18] <+codehead> exit half YM +7 <paper>
[13:18] <+codehead> stop remainder b/e-4 <paper>
[13:59] <codehead> 1108.75 target finally hit on ES
[14:13] <@wrbtrader> $ES_F - Key change in supply/demand 1108.75 - 1106.75 (WRB Analysis) via 15 min chart.
[14:15] <+Nesi> here we go
[14:15] <+codehead> went long Ym 10415, but paranoid about stop fill so took 3 ticks
[14:16] <+Nesi> no change
[14:17] <@wrbtrader> Wow
[14:17] <@wrbtrader> I'm a little surprised by the "No Change"
[14:19] <@wrbtrader> Long ES @ 1110.25 -> small size
[14:19] <@wrbtrader> 2 only
[14:21] <+codehead> $ moving up
[14:21] <@wrbtrader> Exited ES Long @ 1109.00 --> - 1.25
[14:21] <@wrbtrader> Reverse and Enter Short ES @ 1109.00
[14:22] <@wrbtrader> Shorts ES @ 1108.75 -> Add
[14:22] <@wrbtrader> added 4 contracts
[14:22] <@wrbtrader> ooops
[14:22] <+codehead>
[14:23] <@wrbtrader> 3 contract add..not 4
[14:23] <+codehead> Ym filled gap
[14:24] <+codehead> US $ green
[14:24] <@wrbtrader> Covered ES Short @ 1107.75 --> + 1.25
[14:24] <@wrbtrader> Holding 3 contracts
[14:26] <@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.
[14:28] <@wrbtrader> Covered Remainder ES Short @ 1108.25 --> + 0.50
[14:38] <@wrbtrader> Long ES @ 1108.25 -> medium size
[14:38] <@wrbtrader> 4 only
[14:40] <@wrbtrader> Exited all ES Long @ 1108.50 --> + 0.25
[14:41] <@wrbtrader> Didn't take long for the low volatility tight trading range to show up
[14:43] <+pat255> y geez wait for all this for ...
[14:51] <@wrbtrader> Shorts ES @ 1106.00 -> medium size
[14:51] <@wrbtrader> 4 only
[14:51] <@wrbtrader> missed the actual breakdown
[14:51] <@wrbtrader> chasing here
[14:52] <+codehead> tick extreme on that push
[14:52] <@wrbtrader> Covered all ES Short @ 1106.75 --> - 0.75
[14:52] <@wrbtrader> out at the breakdown price
[14:54] <@wrbtrader> Shorts ES @ 1106.75 -> medium size
[14:54] <@wrbtrader> 4 only
[14:56] <@wrbtrader> U.S. dollar trying to go higher
[14:56] <@wrbtrader> Covered all ES Short @ 1105.75 --> + 1
[14:57] <+pat255> vn N in this slow move
[15:23] <@wrbtrader> weak support area
[15:23] <@wrbtrader> if it breaks...it could move fast
[15:23] <@wrbtrader> I currently have a bullish bias until that support breaks @ 1104.50
[15:26] <@wrbtrader> Shorts ES @ 1104.25 -> large size
[15:26] <@wrbtrader> 6 only
[15:27] <@wrbtrader> come on...where's the volatility on that break
[15:29] <+pat255> just dead
[15:30] <@wrbtrader> Covered all ES Short @ 1103.50 --> + 0.75
[15:31] <@wrbtrader> EuroFX and Gold found a little support...enough to keep Emini ES from dropping like a rock.
[15:32] <+codehead> ES tryign to hold overnight low
[15:32] <@wrbtrader> Yep
[15:32] <+codehead> dow weakest
[15:32] <+pat255> y
[15:34] <+codehead> YM trying to hold up around yesterday's dump low
[15:34] <+codehead> 1103.00 a key level to close above for bulls on ES
[15:58] <@wrbtrader> Too bad the volatility didn't show up with the FOMC Announcement that I expected.
[15:59] <@wrbtrader> Then again...I didn't expect a "no change".
[15:59] <@wrbtrader> That KILLED any lasting volatility chances
[16:01] <@wrbtrader> FYI - One particular "market tendency" is to put in a trend day or strong direction price movement within 3 trading days after a FOMC Announcement.
[16:01] <@wrbtrader> Thus, I'm going to be doing some aggressive trading for the remainder of the week in hopes of catching a strong price movement.
[16:10] <@wrbtrader> Take care all and see all tomorrow...this overall low volatility trading range is getting pathetic by the day
[16:10] * wrbtrader is now known as wrbtrader_away
-------------------------
#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
