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.------------------------
Session Start: Thu May 07 08:25:34 2009
Session Ident: #futurestrades
[08:25] * Now talking in #futurestrades
[08:25] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[08:27] <@NihabaAshi> There's a few key market events today that's so key to trading and that will have impact on trading for the next few weeks...
[08:27] <@NihabaAshi> I'm a little shocked more traders aren't online by now
[08:29] <@NihabaAshi> There's ECB interest rate announcements, yesterday's night early leak of some prelim Bank Stress Test results, today after the close overall stress test results, 0830am est Employment Situation report et cetera.
[08:29] <@NihabaAshi> Huge trading day
[08:31] <@NihabaAshi> Shorts ES @ 926.00 -> small size
[08:31] <@NihabaAshi> 3 only
[08:32] <@NihabaAshi> intuition
[08:32] <@NihabaAshi> crappy entry
[08:33] <@NihabaAshi> Covered all ES Short @ 926.25 --> - 0.25
[08:34] <@NihabaAshi> bad entry took away any decent trade management for that trade
[08:45] <@NihabaAshi> Shorts ES @ 926.00 -> small size
[08:45] <@NihabaAshi> 3 only
[08:47] <stick2it>
all
[08:54] <@NihabaAshi> trail stop @ profit
[09:02] <@NihabaAshi> Historical chart information about Bear markets turning into Bull markets...
[09:03] <@NihabaAshi>
http://dshort.com/articles/2009/bear-turns-to-bull.html[09:05] <@NihabaAshi> Covered all ES Short @ 824.75 --> + 101.25
[09:06] <@NihabaAshi> ooops
[09:06] <@NihabaAshi> I wish
[09:06] <@NihabaAshi> Covered all ES Short @ 924.75 --> + 1.25
[09:06] <rickf>
[09:07] * codehead_afk is now known as codehead
[09:09] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20[09:14] <SKL> Hi, guys
[09:14] <+rickf> hiya
[09:27] <LP>
all
[09:29] <drt>
[09:37] <@NihabaAshi> NQ has a mind of it's own so far this morning
[09:38] <+LP> csco earnings last night
[09:38] <szubaark> is Bernake speaking now?
[09:39] <+drt> l es 25
[09:40] <+LP>
http://www.nasdaq.com/asp/EconodayFrame.asp[09:40] <@NihabaAshi> Long ES @ 926.25 -> medium size
[09:40] <@NihabaAshi> 4 only
[09:40] <+LP> bernie at 9:30 am ET
[09:42] <@NihabaAshi> Exited all ES Long @ 926.25 --> 0
[09:42] <@NihabaAshi> That price action sucked soon after I enter it...
[09:42] <@NihabaAshi> glad to be out of it.
[09:42] <+szubaark> Shorts ES @ 924.50 «« paper »»
[09:43] <+SKL> Long ES @ 926.5 «« scalp »»
[09:44] <@NihabaAshi> Shorts ES @ 926.00 -> medium size
[09:44] <@NihabaAshi> 4 only
[09:44] <T-stop> ben is on, fwiw
[09:44] <+rickf> ruh row
[09:44] <@NihabaAshi>
[09:44] <@NihabaAshi> Thanks for the info...didn't know that.
[09:45] <+szubaark> [09:39] > is Bernake speaking now?
[09:45] <+T-stop> sry would of posted earlier
[09:45] <+rickf> i think the stress test will be a sell the news event today
[09:45] <+rickf> likely short the HOD or into the close via the SDS ETF
[09:45] <+T-stop> szu yes
[09:46] <@NihabaAshi> trailing stop @ profit
[09:46] <+SKL> Exited all ES Long @ 924.5 --> - 2 «« scalp »»
[09:47] <+szubaark> Covered all Short ES at 922.50 --> + 2 «« paper »»
[09:47] <+rickf> nice szu
[09:47] <+szubaark> thnx
[09:48] <+T-stop> wrbtrader vn
[09:48] <pdays> Shorts TF @ 510.5
[09:49] <+pdays> Covered all TF Short @ 509.3 --> + 1.2
[09:49] <+drt> l es 25
[09:50] <+drt> corr cl es 20
[09:50] <@NihabaAshi> Covered all ES Short @ 919.75 --> + 6.25
[09:50] <+T-stop> sweet
[09:50] <+szubaark> nice wrbtrader.
[09:51] <+LP> wtg
[09:51] <+rickf> vvvn
[09:51] <@NihabaAshi> I didn't want to exit until a gap fill or exit most but I have some data issues...can't see the GAP
[09:52] <@NihabaAshi> Decided to take what I got and run because it looked close to a gap fill for ES
[09:52] <kosmipt> yeah ,hold for the gap fill of 917.25
[09:52] <+kosmipt> ok
[09:52] <@NihabaAshi> I'm done trading for the day...will just watch and learn for the remainder of the day.
[09:53] <+kosmipt> nice trade
[09:53] <+rickf> amen wrbtrader good job
[09:56] <+szubaark> NQ nosediving again
[09:57] <+stick2it> nice tradin, wrbtrader
[09:59] <+kosmipt> Long ES @ 920.50 «« simulator »»
[10:00] <+rickf> short es 920.50
[10:01] <+kosmipt> Long ES @ 921 -> Add «« simulator »»
[10:03] <+kosmipt> Exited 1/2 ES Long @ 919.75 --> - 1.25 «« simulator »»
[10:03] <+kosmipt> Exited Remainder ES Long @ 919 --> - 1.5 «« simulator »»
[10:06] <+kosmipt> gap is filled
[10:06] <+rickf> exit es 916 +4.50
[10:07] <+szubaark> nice rick
[10:07] <+rickf> thx szu
[10:11] <@NihabaAshi> GAP is filled...now the volatility levels will began changing dramatically.
[10:19] <+rickf> short es 917
[10:23] <+rickf> exit es 914.75 +2.25
[10:23] <+szubaark> another one
[10:24] <+rickf> yepper
[10:24] <+rickf> thx
[10:25] <winmax60> Shorts ES @ 913.75 -> small size «« simulator »»
[10:26] <+winmax60> Covered all ES Short @ 912.75 --> + 1 «« simulator »»
[10:26] <+rickf> nice to get some clear signals for a change
[10:28] <+szubaark> yes..i passed on 2 good signals because scared of chop but today is nice swings
[10:38] * NihabaAshi is now known as NihabaAshi_away
[10:44] <Nesi> Shorts ES @ 910.50 «« simulator »»
[10:45] <+kosmipt> Long ES @ 910.75 «« simulator »»
[10:45] <+winmax60> Long ES @ 911.25 -> small size «« simulator »»
[10:46] <+Nesi> Covered all ES Short @ 911.50 --> - 1 «« simulator »»
[10:46] <+rickf> gym time back later
[10:48] <+Nesi> Long ES @ 912.00 «« simulator »»
[10:48] <+Nesi> 2 c
[10:49] <+Nesi> Exited all ES Long @ 911.75 --> - 0.25 «« simulator »»
[10:50] <+winmax60> Exited all ES Long @ 913.25 --> + 2 «« simulator »»
[10:51] <+Nesi> Shorts ES @ 913.00 «« simulator »»
[10:51] <+Nesi> 2 c
[10:55] <+codehead> short 914.25 ES <paper> stop 915.75
[10:56] <+Nesi> Shorts ES @ 913.50 -> Add «« simulator »»
[10:56] <+Nesi> 2 c
[10:56] <+codehead> exit half ES +1.00 <paper>
[10:58] <+codehead> lower stop to 914.75 <paper>
[10:59] <+codehead> lower stop b/e remainder <paper>
[11:01] <+codehead> stop 913.75 <paper>
[11:02] <+codehead> exit ES +1.25 <paper>
[11:04] <+winmax60> Shorts ES @ 912.25 -> small size «« simulator »»
[11:05] <+winmax60> Covered all ES Short @ 911 --> + 1.25 «« simulator »»
[11:15] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20[11:16] <+Nesi> Covered all ES Short @ 907.00 --> + 12.5 «« simulator »»
[11:23] <+szubaark> Shorts ES @ 906.50 «« paper »»
[11:27] <ItalianSharp> isnt it funny that most of this rally has occured on bad news and as soon as good news start to leak out, the market sells off?
[11:29] <+szubaark> Covered all Short ES at 908.50 --> - 2 «« paper »»
[11:29] <+szubaark> Buys ES @ 908.50 «« paper »»
[11:35] <+szubaark> Exited all Long ES at 908.25 --> - 0.25 «« paper »»
[11:37] <+szubaark>
(
[11:41] <+ItalianSharp> eminis trying hard to reverse the selloff
[11:42] <+SKL> may be just profit taking
[11:43] <+ItalianSharp> maybe, doesnt matter too much for me...mkts still trying to go up
[11:43] <+ItalianSharp>
[11:43] <+ItalianSharp> if eminis can erase current losses for the day...and close in the green...
[11:43] <+ItalianSharp> i'd be VERY IMPRESSED
[11:43] <+SKL> we'll see if selloff continues after lunch
[11:43] <+ItalianSharp> that would be a bear killer
[11:44] <+ItalianSharp> today is the first day bears may think they got bulls
[11:44] <+ItalianSharp> first day in a while i meant
[11:44] <+SKL> I think bears are counting money today
[11:45] <+codehead> ES bounce 912.5 possibly, 918.0 short
[11:46] <+szubaark> Shorts ES @ 909.50 «« paper »»
[11:46] <+ItalianSharp> volatility has dropped dramatically...making it harder to read PA
[11:47] <+codehead> might get some bounce during lunch
[11:56] <+codehead> 912.25, close
[12:25] <+szubaark> exit stop set ES @ 911 «« paper »»
[12:26] <+codehead> triangle
[12:26] <+codehead> if we hold that last low, 914.0 possibly
[12:31] <+codehead> coming to a point
[12:31] <+codehead> symmetrical
[12:40] <+szubaark> Covered all Short ES at 911 --> - 1.5 «« paper »»
[12:40] <+szubaark> Buys ES @ 911 «« paper »»
[12:43] <+rickf> back
[12:44] <+codehead> triangle breakout worked nice
[12:45] <+codehead> was potential h&s breakout too on ES
[12:47] <+szubaark> Exited all Long ES at 911.50 --> + 0.5 «« paper »»
[12:51] <+szubaark> Shorts ES @ 911.25 «« paper »»
[12:55] <+szubaark> Covered all Short ES at 911.25 --> 0 «« paper »»
[12:58] * NihabaAshi_away is now known as NihabaAshi
[13:01] <+szubaark> Buys ES @ 911.75 «« paper »»
[13:02] <+szubaark> Exited all Long ES at 909.75 --> - 2 «« paper »»
[13:02] <+szubaark> Shorts ES @ 910.25 «« paper »»
[13:02] <+szubaark> frikin whipsaw
[13:02] <jigglyhippo> first time in here guys, hope everyones doing well
[13:03] <+jigglyhippo> just saw that whipsaw =/
[13:05] <+jigglyhippo> do i have to download a script to put in my entries?
[13:05] <+szubaark> yes
[13:08] <+rickf> welcome
[13:10] <+jigglyhippo> sorry, trying to set up my platform...thanks
[13:15] <+szubaark> Covered all Short ES at 907 --> + 3.25 «« paper »»
[13:17] <+rickf> nice
[13:17] <+szubaark> thnx... took 1 loss in this range..they did a sneaky whipsaw though
[13:18] <@NihabaAshi> jigglyhippo...script download is only for registered members of the FTCHAT Support Forum that have "qualified" as official members of #FuturesTrades @
http://www.thestrategylab.com/ftchat/forum/[13:18] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20[13:19] <@NihabaAshi> You can read about the "qualification" at this link -
viewforum.php?f=5 [13:19] <+jigglyhippo> okay understood, ignore the email I sent to
questions@thestrategylab.com then
[13:19] <+jigglyhippo> great, thanks
[13:20] <@NihabaAshi> Simply, qualified members gain access to the trade posting script and to the password whenever the room becomes password protected (currently it's not password protected).
[13:20] <+jigglyhippo> okay, that makes sense
[13:21] <+jigglyhippo> thanks for the help, looking forward to joining
[13:23] <+rickf> we're a good group
[13:25] <+szubaark> Shorts ES @ 905.25 «« paper »»
[13:26] <+jigglyhippo> rickf i believe it!
[13:27] <+jigglyhippo> im still trying to get used to my platform (infinityat)
[13:28] <+rickf> gotcha
[13:32] <+szubaark> Covered all Short ES at 904.25 --> + 1 «« paper »»
[13:35] <+LP> wife and son are sick, and daughter has pink eye, ooooh what fun
hope you folks squeez some more cash out of this market
[13:35] <+LP> thats it for me today, take care
[13:35] <+jigglyhippo> oh man, try not to catch something yourself
[13:35] <+szubaark> bye
[13:35] <+rickf> cya
[13:35] <+LP> lol last man standing
heheee
[13:35] <+jigglyhippo> hahaha
[13:35] <+jigglyhippo> bye
[13:36] <+LP> good day
[14:00] <tomosyn57> testing
[14:21] <+rickf> sheesh electrical storms here
[14:21] <+rickf> came outta nowhere
[14:22] <+jigglyhippo> wheres that happening?
[14:22] <+rickf> outside
[14:22] <+rickf> dc
[14:23] <+jigglyhippo> those are kinda scary
[14:30] <+rickf> short es 904.25
[14:31] <+rickf> exit 904 +.25
[14:32] <Ap> nat gassie showing most strength in energy complex
[14:33] <+rickf> forgot 230 is not good time to go short
[14:34] <+jigglyhippo> lol is that a general consensus
[14:34] <+rickf> usualyl bond money moves into the markets 230-245 causing a surprise spike up
[14:34] <+jigglyhippo> ahh
[14:35] <+rickf> so that last short would have worked but i neglected to check the time, so i got out for b/e + atick, which is fine by me on a mis-fire
[14:35] <+jigglyhippo> yeah i was just about to say you wouldve done well if you were in it
[14:35] <+rickf> meh - there's always another trade....no regrets
[14:36] <+jigglyhippo> exactly, good motto
[14:38] <+rickf> hard lesson to learn, even when ya get out for a loss.....got to just move on
[14:38] * +rickf paid dearly for that lesson last year lemme tell ya
[14:39] <+jigglyhippo> yeah ive def done that when trading equities
[14:39] <+jigglyhippo> starting out that has to be one of the hardest things to learn
[14:39] <+jigglyhippo> discipline is so key
[14:40] <+rickf> yep
[14:40] <+rickf> grr back to the 900 battle line
[14:40] <+tomosyn57> Shorts SSO @ 25.3
[14:40] * +rickf sidelines and watches now
[14:40] <+Ap> july 55 calls in X Bid higher compared to at money sellers collecting premiums?
[14:41] <+tomosyn57> exit stop set SSO @ 25.28
[14:41] <+tomosyn57> Trailing Stop Hit SSO @ 25.28 --> + 0.02
[14:42] <+Ap> es double bottom 891.00
[14:45] <@NihabaAshi> Did anybody in here apply for the FTCHAT Support forum via the user name "wowgoldstright"
??
[14:45] <@NihabaAshi> If so...please pm me.
[14:46] <+rickf> lol ... sounds like a Warcraft scam operator
[14:46] <+rickf> (no offense)
[14:46] <+jigglyhippo> lol
[14:47] <@NihabaAshi> None taken...I'm a member and part owner of an anti-spam website were we keep an extensive global database of all spammers.
[14:47] <@NihabaAshi> I just check that user name...he's a spammer.
[14:47] <@NihabaAshi> No problem...he wasn't able to gain entry into the forum and his application has now been deleted.
[14:48] <+jigglyhippo> i love the anti-spam policy here
[14:48] <+rickf> good show
[14:48] <+rickf> yes....wrbtrader runs a tight ship, to his credit
[14:49] <@NihabaAshi> Yeah...i get most of the spam (using my email address and FTCHAT applications as a filter of the spam so that you guys don't ever see that junk.
[14:50] <@NihabaAshi> volatility rising now
[14:50] <@NihabaAshi> It's trying to pick up momemtum
[14:51] <@NihabaAshi> I needs to ekpp rising or else it'll spook out more longs to setup a counter-thrust failure.
[14:52] <+rickf> yes --- especially w/in 5 points of 900
[14:52] <+rickf> am more inclined to look short, but hard to short into a "round number"
[14:53] <+rickf> market psychology
[15:01] <+szubaark> Buys ES @ 903.25 «« paper »»
[15:01] <+tomosyn57> Long SSO @ 25.41
[15:02] <+Ap> no paper
[15:04] <+tomosyn57> Exited all SSO Long @ 25.43 --> + 0.02
[15:05] <+szubaark> Exited all Long ES at 900 --> - 3.25 «« paper »»
[15:05] <+szubaark> Shorts ES @ 900 «« paper »»
[15:06] <+Ap> wtf
[15:06] <+szubaark> needs to break this 900
[15:08] <+codehead> long ES 899.25 <paper>
[15:08] <+codehead> stop 897.75
[15:08] <+codehead> exit half +1.50 <paper>
[15:09] <+codehead> maintain stop on remainder
[15:11] <+Ap> adds faz
[15:15] <+szubaark> exit stop set ES @ 901 «« paper »»
[15:18] <+szubaark> Covered all Short ES at 901 --> - 1 «« paper »»
[15:18] <+szubaark> Buys ES @ 901 «« paper »»
[15:21] <+codehead> exit remainder ES +3.5 <paper>
[15:22] <+rickf> nice
[15:22] <+szubaark> Exited all Long ES at 903.50 --> + 2.5 «« paper »»
[15:23] <TraderG> any 1 using IB BookTrader or looking at charts with Price Histograms?
[15:23] <cp-L3C|ES> long and strong boys
[15:23] <+cp-L3C|ES> to the moon
[15:24] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20[15:33] <+szubaark> Shorts ES @ 898 «« paper »»
[15:34] <+rickf> wonder if they'll pin the ES to around 900 before the stress test comes out -- so folks on both sides can set their positions
[15:35] <+szubaark> oopps..what time is the tress test?
[15:35] <+rickf> 5PM ET
[15:35] <+rickf> supposedly
[15:43] <+rickf> sheesh this feels like options expiration day on the ES
[15:45] <+ItalianSharp> smells like some shorts are shitting their pants
[15:45] <+szubaark> Covered all Short ES at 903.75 --> - 5.75 «« paper »»
[15:45] <+szubaark>
((
[15:45] <+szubaark> Buys ES @ 903.75 «« paper »»
[15:45] <+tomosyn57> Long SSO @ 25.42
[15:45] <+szubaark> got TRApped
[15:45] <+rickf> damn
[15:45] <+szubaark> sneaky bastids!
[15:45] <+tomosyn57> exit stop set SSO @ 25.44
[15:46] <+rickf> i was going to add to my SDS but think i'll sit tight --- still pretty well positioned anyway with the existing holding
[15:46] <+szubaark> down for day
(
[15:46] <+rickf>
[15:48] <+tomosyn57> Exited 1/2 SSO Long @ 25.51 --> + 0.09
[15:48] <+szubaark> frikin chased at low of day=Discipline problem ONCE AGAIN
[15:49] <+tomosyn57> exit stop raised SSO @ 25.46
[15:50] <+tomosyn57> exit stop raised SSO @ 25.49
[15:50] <+jigglyhippo> have a good rest of the day guys
[15:50] <+jigglyhippo> later
[15:51] <+rickf> cya
[15:51] <+rickf> short es 904 1 ct
[15:51] <+tomosyn57> Trailing Stop Hit SSO @ 25.49 --> + 0.07
[15:55] <+rickf> out 903.50 +.50
[15:55] <+tomosyn57> Long SSO @ 25.48
[15:55] <+tomosyn57> exit stop set SSO @ 25.55
[15:56] <+ItalianSharp> tomorrow should be real interesting
[15:56] <+ItalianSharp> get ready to rumble
[15:56] <+rickf> ugh yeah
[15:56] <+tomosyn57> Exited 1/2 SSO Long @ 25.58 --> + 0.1
[15:56] <+ItalianSharp> today initiated the big first test of this 2009 bull market
[15:56] <+ItalianSharp> or...bear market rally
[15:57] <+tomosyn57> exit stop raised SSO @ 25.6
[15:57] <+rickf> more accurate
[15:57] <+rickf> i wont call '09 a bull market until we're up 20-30% positive on the year
[15:57] <+rickf> we just got back to b/e
[15:58] <+ItalianSharp> rick, agree
[15:58] <+tomosyn57> Trailing Stop Hit SSO @ 25.6 --> + 0.12
[15:58] <+ItalianSharp> i said bull market meaning we were slightly in the green for 09
[15:58] <+ItalianSharp> bear market rally is more proper
[15:58] <+rickf> yepper
[16:00] <+rickf> ding
[16:01] <+TraderG> we r down 35 4 the last 52 weeks and break even YTD
[16:01] <+TraderG> 35%
[16:06] <+szubaark> Exited all Long ES at 904.50 --> + 0.75 «« paper »»
[16:06] <+szubaark> enough for today
(((
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