##TheStrategyLab Price Action Chat Room Logs

Note: The chat log below represents the free chat room called #FuturesTrades that's hosted by TheStrategyLab.com and any one can use the chat room to post their trades. Simply, we do not know what trading methods are being used by some members while others are using methods we ourselves don't use.

Our primary job in the chat room is to moderate the room (keep the peace) and to ensure it's a spam free chat room. More information about #FuturesTrades @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm

In contrast, 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.

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Session Start: Fri May 01 09:23:01 2009
Session Ident: #futurestrades
[09:23] * Now talking in #futurestrades
[09:23] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:28] <rickf>
[09:29] <LP>
[09:29] <drt> all
[09:48] <szubaark> is Europe markets closed today?
[09:49] <@NihabaAshi> yes except for FTSE100
[09:50] <+rickf> yeah thought it felt a bit weird today
[09:51] <@NihabaAshi> I'm sure them bankers have had a stressful year and needed a 3 day weekend
[09:52] <@NihabaAshi> http://www.forexfactory.com/calendar.ph ... 09-5-1&c=2
[09:52] <+szubaark> think they got 3 day holiday
[09:52] <+szubaark> Europeans also take LONG lunch breaks
[09:54] <+rickf> yep
[09:55] <+rickf> i did a conference a few years ago .... 2.5 hour lunch break, 6 bottles of wine for each table
[09:55] <+rickf> thank god i was speaking before lunch
[09:55] <+szubaark> Buys ES @ 868 «« paper »»
[09:56] <+szubaark> Exited all Long ES at 869 --> + 1 «« paper »»
[10:01] <@NihabaAshi> Shorts ES @ 867.25 -> small size
[10:01] <@NihabaAshi> 3 only
[10:02] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @ viewforum.php?f=20
[10:03] <@NihabaAshi> Covered all ES Short @ 868.50 --> - 1.25
[10:03] <@NihabaAshi> Long ES @ 869.00 -> small size
[10:03] <@NihabaAshi> 3 only
[10:03] <+rickf> lgrr missed entry by 1 tick @ 867.50
[10:05] <@NihabaAshi> Exited all ES Long @ 869.50 --> + 0.5
[10:07] <@NihabaAshi> Shorts ES @ 868.50 -> small size
[10:07] <@NihabaAshi> 2 only
[10:09] <+rickf> long es 867.75
[10:10] <@NihabaAshi> Covered all ES Short @ 867.25 --> + 1.25
[10:11] <@NihabaAshi> exit area (not my profit target)
[10:11] <@NihabaAshi> won't complain too much about it
[10:11] <@NihabaAshi> Shorts ES @ 866.75 -> small size
[10:11] <@NihabaAshi> 2 only
[10:11] <@NihabaAshi> intuition
[10:13] <@NihabaAshi> Covered all ES Short @ 866.50 --> + 0.25
[10:15] <@NihabaAshi> sidelined...volatility slowly dropping into the flat line zone
[10:20] <+rickf> long es 863,75 (add)
[10:28] <+drt> s es 63.75
[10:31] <+rickf> out 864 -1.75
[10:32] <@NihabaAshi> Long ES @ 863.50 -> small size
[10:32] <@NihabaAshi> 2 only
[10:32] <+rickf> short es 763.50
[10:32] <+rickf> 863.50
[10:33] <+drt> cs es 63.50
[10:35] <@NihabaAshi> Exited all ES Long @ 863.75 --> + 0.25
[10:35] <@NihabaAshi> be right back
[10:35] * NihabaAshi is now known as NihabaAshi_away
[10:38] <+szubaark> That would been nice Long wrbtrader
[10:39] <@NihabaAshi_away> i'm back
[10:39] * NihabaAshi_away is now known as NihabaAshi
[10:39] <@NihabaAshi> szu...agree
[10:40] <@NihabaAshi> had some distraction here at home that needed to be resolved
[10:40] <+rickf> short es 65.50 (add)
[10:45] * codehead_afk is now known as codehead
[10:54] <codehead> short 2x ES 9+8
[10:54] <+codehead> short 2c ES 868.0 <paper>
[10:59] <+codehead> exit 1c ES +1.0 <paper>
[11:00] <+codehead> stop flat on remainder <paper>
[11:02] <+rickf> back later - stop @ 869 target 864.50 *crosses fingers*
[11:03] <+codehead> exit +1.0 remainder <paper>
[11:18] <BudFoxx> whats ES at
[11:18] <+szubaark> 871
[11:19] <+BudFoxx> thx
[11:19] <+codehead> symmetry at 873.5
[11:22] <+szubaark> Buys ES @ 872.25 «« paper »»
[11:25] <+szubaark> exit stop set ES @ 870.75 «« paper »»
[11:28] <+szubaark> Exited all Long ES at 870.75 --> - 1.5 «« paper »»
[11:28] <+szubaark> Shorts ES @ 870.75 «« paper »»
[11:38] * Looking up DeanK user info...
[11:39] * Looking up BudFoxx user info...
[11:39] * Looking up Audi user info...
[11:39] * Looking up stick2it user info...
[11:40] <@NihabaAshi> Long ES @ 871.25 -> small size
[11:41] <@NihabaAshi> 1 only
[11:46] <+szubaark> its doing its famous Chop already
[11:49] <+codehead> ghost on 3 min
[11:49] <+szubaark> yes im looking for a quick Pop below 870
[11:52] <+szubaark> Covered all Short ES at 870.50 --> + 0.25 «« paper »»
[11:52] <+szubaark> now its gonna break Gezzzzz
[11:54] <@NihabaAshi> Exited ES Long @ 870.25 --> - 1
[11:54] <@NihabaAshi> Reverse and Enter Short ES @ 870.25
[11:54] <@NihabaAshi> 3 contracts
[11:55] <+szubaark> shook me out (
[11:56] <@NihabaAshi> Covered all ES Short @ 869.75 --> + 0.5
[11:59] <@NihabaAshi> Shorts ES @ 869.00 -> small size
[11:59] <@NihabaAshi> 1 only
[11:59] <@NihabaAshi> intuition
[12:03] <@NihabaAshi> Covered ES Short @ 868.25 --> + 0.75
[12:04] <jbuch> hello all
[12:04] <+szubaark> hi jb
[12:05] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @ viewforum.php?f=20
[12:08] <+jbuch> sorry was in a trade how is going szu
[12:11] <+szubaark> Shorts ES @ 868 «« paper »»
[12:12] <+szubaark> ok..wish was easier
[12:13] <+jbuch> Long SPY @ 87.33
[12:14] <+szubaark> Covered all Short ES at 869.75 --> - 1.75 «« paper »»
[12:14] <+szubaark> Buys ES @ 869.75 «« paper »»
[12:18] <+jbuch> Exited all SPY Long @ 87.59 --> + 0.26
[12:29] <+szubaark> crap, got distracted missed my breakeven exit (
[12:30] * codie is now known as codehead
[12:30] <Nesi> Shorts ES @ 868.50 «« simulator »»
[12:32] <+rickf> back
[12:38] <+jbuch> Long SPY @ 87.39
[12:38] <@NihabaAshi> Long ES @ 869.75 -> small size
[12:38] <@NihabaAshi> 1 only
[12:38] * codie is now known as codehead
[12:41] <+szubaark> greedy Target on this Long
[12:41] <@NihabaAshi> Exited ES Long @ 872.00 --> + 2.25
[12:41] <+jbuch> Exited all SPY Long @ 87.64 --> + 0.25
[12:45] <+Nesi> Shorts ES @ 870.00 -> Add «« simulator »»
[12:50] <+szubaark> Exited all Long ES at 870.25 --> + 0.5 «« paper »»
[12:50] <+szubaark> tough pattern to read, as always
[12:50] <+szubaark> deep pullbacks after every spike to shake you OUT
[12:57] <+szubaark> Buys ES @ 871.25 «« paper »»
[12:57] <+szubaark> intuition
[12:58] <+szubaark> eminis doing what they do best, CHOP
[12:59] <+Nesi> exit stop set ES @ 875.25 «« simulator »»
[12:59] <+szubaark> Exited all Long ES at 871.50 --> + 0.25 «« paper »»
[13:00] <+szubaark> pffff
[13:00] <+szubaark> frikin pulled back
[13:09] <+szubaark> Buys ES @ 871.75 «« paper »»
[13:09] * code is now known as codehead
[13:13] <+szubaark> Exited all Long ES at 872.75 --> + 1 «« paper »»
[13:16] <codehead> short 2c ES 873.75 <paper>
[13:16] <+codehead> no sell signal
[13:16] <+codehead> so this is just a test of the symmetry mentioned earlier
[13:16] <+codehead> 874.25 is failure
[13:19] <+codehead> exit +.25 <paper>
[13:20] <+codehead> short 1c 873.5 <paper>
[13:20] <+codehead> finish test, might as well
[13:20] <+codehead> touch of 874.25 looks for exit
[13:22] <+codehead> exit flat ES <paper>
[13:24] <+jbuch> Long SPY @ 87.78
[13:25] <+jbuch> intuition
[13:27] <+jbuch> Exited all SPY Long @ 87.83 --> + 0.05
[13:40] <+Nesi> Covered all ES Short @ 875.25 --> - 12 «« simulator »»
[13:44] <+Nesi> Shorts ES @ 876.00 «« simulator »»
[13:46] <+codehead> 877.75 is .618
[13:48] <+szubaark> Shorts ES @ 875.50 «« paper »»
[13:51] <+Nesi> Shorts ES @ 875.00 -> Add «« simulator »»
[13:53] <+szubaark> Covered all Short ES at 874.50 --> + 1 «« paper »»
[13:53] <+Nesi> Shorts ES @ 874.00 -> Add «« simulator »»
[13:54] <+Nesi> selloff coming till last minute..imho
[13:55] <+szubaark> who knows..you never know, this market is nuts
[13:55] <+Nesi> yeah..i know... just gut feeling..
[13:55] <+jbuch> Long SPY @ 87.91
[13:56] <+rickf> long es 874
[13:57] <+szubaark> actually we are due for a V bottom/Top reversal day soon..hahah those are Fun as BOTH Shorts and Longs get sqieezed HARD
[13:57] <+rickf> meh .... will take what they give me
[14:03] <+jbuch> look for your set ups and take em if they work out great if not look for the next.
[14:04] <+codehead> hm, nice mittens ghost went off on 3 min ES after the new high
[14:04] <+jbuch> Exited all SPY Long @ 87.89 --> - 0.02
[14:04] <+codehead> messing with router etc today
[14:06] <+Nesi> aghhh
[14:08] <+rickf> out 875.50 +1.50
[14:08] <+rickf> still looking higher but taking too long
[14:08] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @ viewforum.php?f=20
[14:09] * Sidhartha is now known as Sidhartha_Away
[14:10] <+jbuch> Shorts SPY @ 88
[14:11] <+drt> s es 75.75
[14:13] <+szubaark> Shorts ES @ 874 «« paper »»
[14:16] <+jbuch> Covered all SPY Short @ 87.84 --> + 0.16
[14:20] <+drt> cs es 73,50
[14:21] <+jbuch> Long SPY @ 87.81
[14:22] <+szubaark> Covered all Short ES at 874 --> 0 «« paper »»
[14:22] <+szubaark> tough to even get 3 ticks
[14:25] <+szubaark> Buys ES @ 874.25 «« paper »»
[14:27] <+szubaark> Exited all Long ES at 875 --> + 0.75 «« paper »»
[14:27] <+rickf> 3 ticks
[14:27] <+szubaark> thats all they giving
[14:28] <+drt> s es 74.75
[14:28] <+jbuch> Exited all SPY Long @ 87.89 --> + 0.08
[14:30] <+szubaark> Shorts ES @ 873 «« paper »»
[14:33] <+szubaark> Covered all Short ES at 874.25 --> - 1.25 «« paper »»
[14:33] <+szubaark> Buys ES @ 874 «« paper »»
[14:33] <@NihabaAshi> Shorts ES @ 874.00 -> small size
[14:33] <@NihabaAshi> 2 only
[14:34] <+drt> cs es 73.50
[14:36] <+szubaark> Exited all Long ES at 873.75 --> - 0.25 «« paper »»
[14:39] <+szubaark> Shorts ES @ 872.75 «« paper »»
[14:46] <+szubaark> Covered all Short ES at 872.75 --> 0 «« paper »»
[14:46] <@NihabaAshi> Covered all ES Short @ 873.00 --> + 1
[14:52] <+drt> l es 72
[14:54] <+jbuch> Long SPY @ 87.67
[14:58] <+szubaark> Buys ES @ 872.25 «« paper »»
[14:58] <+szubaark> intuition
[14:58] <+drt> cl es 72
[15:01] <+szubaark> Exited all Long ES at 872.25 --> 0 «« paper »»
[15:01] <+szubaark> firkin tight
[15:02] <+szubaark> now it POPS
[15:04] <+jbuch> Exited all SPY Long @ 87.89 --> + 0.22
[15:07] <+jbuch> i love my system ))
[15:07] <+rickf> the tech or your trading system
[15:08] <TraderG> would u tell us what IS your system?
[15:08] <+jbuch> my trading system
[15:08] <+rickf> ah
[15:08] <+TraderG> please....
[15:08] <+TraderG> please
[15:08] <+TraderG> be a nice guy
[15:08] <+TraderG> how much?
[15:09] <+TraderG> pm me...
[15:09] <+TraderG> can I call u?
[15:09] <+rickf> who are you talking to? jb or me?
[15:09] <+TraderG> jb
[15:09] <+jbuch> no U cannot call me
[15:10] <+TraderG>
[15:10] <+szubaark> Shorts ES @ 871.75 «« paper »»
[15:10] <+Nesi> come on
[15:11] <+Nesi> drilllll
[15:11] <+Nesi>
[15:11] <+jbuch> nesi u have awesome patience
[15:11] <+szubaark> Covered all Short ES at 870.50 --> + 1.25 «« paper »»
[15:11] <+Nesi> patience is key with discipline
[15:12] <+jbuch> definetly
[15:12] <+rickf> u said it
[15:12] <+szubaark> yes
[15:13] <+szubaark> Patience is key WHEN Volatility DROPS Hard
[15:13] <+szubaark> With good Volatility, u dont need Patience
[15:13] <+Nesi> you right
[15:14] <+szubaark> so call me when Volatility picks up again, will ya? LOOOOOL
[15:14] <+Nesi> well.. good market to practice patience
[15:15] <+Nesi> picking a just a bit now
[15:15] <+Nesi> up
[15:17] <+TraderG> thanks JB. I'll send you the money on Monday.
[15:17] <+TraderG> oops
[15:17] <+TraderG> wrong window
[15:17] <+jbuch> ))))
[15:18] <+jbuch> what a jack ass
[15:18] <+TraderG> who?
[15:21] <+jbuch> he is just being a wise ass we bullshit all the time and he knows exactly how I trade.
[15:23] <+TraderG>
[15:24] <+TraderG> JB cracked under public preasure
[15:25] <+jbuch> ur making me lokk like a tool box )
[15:27] <+Nesi> come on ...take 868
[15:29] <+jbuch> Long SPY @ 87.29
[15:30] <+szubaark> jb u not trading YM anymore?
[15:31] <+jbuch> Exited all SPY Long @ 87.19 --> - 0.1
[15:34] <+jbuch> been trading both
[15:36] <+Nesi> Covered all ES Short @ 868.50 --> + 13 «« simulator »»
[15:38] <+jbuch> awesome nes
[15:38] <+szubaark> nice
[15:39] <+rickf> vn
[15:40] <+szubaark> Shorts ES @ 869 «« paper »»
[15:40] <+jbuch> Shorts SPY @ 87.39
[15:41] <+jbuch> Covered all SPY Short @ 87.41 --> - 0.02
[15:43] <+rickf> short es 871.25
[15:46] <+jbuch> Shorts SPY @ 87.49
[15:46] <+szubaark> nice entry rick
[15:46] <+rickf> ty szu
[15:46] <+szubaark> i have ants in my pants today
[15:47] <+rickf> exit 1/2 es 870 +1.25
[15:47] <+rickf> h2
[15:47] <+jbuch> Covered all SPY Short @ 87.51 --> - 0.02
[15:50] <+rickf> exit es remainder 870 +1.25
[15:50] <+rickf> and the weekend can begin
[15:51] <drt> l es 69.75
[15:52] <+Nesi> have a great weekend all
[15:52] <+jbuch> cya
[15:52] <+rickf> cya
[15:55] <+drt> cl 70
[15:56] <+jbuch> have a good weekend everyone.
[15:57] <+rickf> cya
[15:58] <+rickf> ok guys have a good w/e
[15:58] <+rickf> see you next week
[15:59] <+szubaark> Covered all Short ES at 874 --> - 5 «« paper »»
[15:59] <+szubaark> why we biounced there????
[15:59] <+szubaark> Buys ES @ 874 «« paper »»
[16:02] <+codehead> nice
[16:02] <+szubaark> i still cant figure out why we bounced with no re-test of 867
[16:02] <+szubaark> boggles the mind
[16:03] <+szubaark> turns on a frikin dime
[16:03] <+codehead> wow, almost hit the 878.50 symmetry
[16:04] <+codehead> nice volume those two 5 min bars
[16:06] <+szubaark> Exited all Long ES at 876 --> + 2 «« paper »»
[16:06] <+szubaark> pfffffff
[16:06] <+szubaark> crap down for day, week
[16:11] <@NihabaAshi> I took it easy today again...no trades after 2:46pm est
[16:12] <@NihabaAshi> Take care all and have a good/safe weekend...
[16:12] <@NihabaAshi> We'll see some fireworks next week so be prepare to trade.
[16:12] * NihabaAshi is now known as NihabaAshi_away
[16:14] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @ viewforum.php?f=20

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