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: Fri May 15 07:05:40 2009
Session Ident: #futurestrades
[07:05] * Now talking in #futurestrades
[07:05] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[07:06] * Retrieving #futurestrades modes...
[08:08] <TraderG> The judge asked, "What do you plead?" I said, "Insanity, your honour, who in
[08:08] <TraderG> their right mind would park in the passing lane?"
[08:10] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20[09:12] <rickf>
[09:22] <jigglyhippo>
[09:26] <ItalianSharp> morning all fellas
[09:26] <+rickf> exit overnight AUD/JPY short 72.90 --> 72.15 +75 pips
[09:27] <+rickf> morning IS, all
[09:29] <drt>
[09:30] <+rickf> optiosn expiration day
[09:33] <+TraderG> 71.80 would have been nicer
[09:34] <+rickf> yeah i didn't put a limit target on
[09:35] <+ItalianSharp> crazy volatility to start off the day
[09:35] <+ItalianSharp> amazing parabolic rise
[09:35] <+ItalianSharp> we better start building some support levels soon...or else, these parabolic rises can be retraced quickly
[09:37] <+TraderG> or not
[09:38] <+rickf> long es 889.50
[09:39] <+ItalianSharp> i dont like the way ES is reacting to this uprise
[09:40] <+ItalianSharp> it already retraced most of it
[09:40] <+ItalianSharp> only hope is YM
[09:42] <+rickf> out 999 -1.50
[09:42] <+rickf> 888
[09:42] <+ItalianSharp> folks, fasten your seatbelt because it looks like its gonna be one of those days
[09:43] <+rickf> indeed
[09:43] <+jigglyhippo> =/
[09:43] <jbuch> morning all
[09:43] <+TraderG> u mean - days that the price moves up and down?
[09:43] <+TraderG>
[09:45] <+ItalianSharp> everyday we move up and down...it's HOW we do it that makes it interesting
[09:45] <+rickf> grr serves me right for panicking
[09:45] <+ItalianSharp> rick...you did the right thing
[09:46] <+rickf> had the right "read" but panicked ... so half-credit
[09:46] <+rickf> thx
[09:46] <+ItalianSharp> its better to take a small stop and be in peace with yourself than hold onto a loser and let it hit your hard stop
[09:46] <+rickf> i agree
[09:46] <+rickf> plus if the logic is right, then i can focus on execution
[09:46] <+ItalianSharp> good trades dont go against you from the start usually, do they?
[09:46] <+rickf> er, improving execution
[09:47] <+rickf> sometimes, yeah the ydo
[09:47] <+ItalianSharp> that quickly?
[09:47] <+rickf> that's what bothered me, which is why i bailed
[09:49] <+jbuch> Long SPY @ 89.4
[09:54] <+jbuch> Exited all SPY Long @ 89.59 --> + 0.19
[10:00] <@NihabaAshi> We got the gap at the open but not as big as I expected.
[10:00] <@NihabaAshi> Just got back home from an early morning bike ride with the family.
[10:00] <+jigglyhippo> oh thats nice/relaxing
[10:01] <@NihabaAshi> Yeah...more relax I am...better I trade.
[10:01] <+jigglyhippo>
[10:07] <+jbuch> Long SPY @ 89.19
[10:08] <@NihabaAshi> Long ES @ 888.25 -> medium size
[10:08] <@NihabaAshi> 4 only
[10:10] <+jbuch> Exited all SPY Long @ 89.29 --> + 0.1
[10:11] <+jbuch> tagged my profit target but no fill
[10:11] <+jbuch>
[10:11] <silo> long 8304
[10:12] <+rickf> short es 888.50
[10:12] <@NihabaAshi> Exited all ES Long @ 888.00 --> - 0.25
[10:13] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20[10:13] <@NihabaAshi> Shorts ES @ 887.50 -> medium size
[10:13] <@NihabaAshi> 4 only
[10:13] <+rickf> out 887 +1.50
[10:14] <@NihabaAshi>
[10:15] <@NihabaAshi> Covered all ES Short @ 887.25 --> + 0.25
[10:15] <+rickf> did that trade off a 133t chart
[10:15] <+rickf> much faster than usual
[10:15] <@NihabaAshi> Shorts ES @ 887.00 -> medium size
[10:15] <@NihabaAshi> trying again
[10:16] <+silo> [10:14] <silo> out
[10:16] <+silo> [10:15] <silo> 8294
[10:16] <+silo> [10:15] <silo> -10
[10:16] <@NihabaAshi> Covered all ES Short @ 888.00 --> - 1
[10:17] <@NihabaAshi> sneaky little booger
[10:17] <+jigglyhippo> lol
[10:18] <@NihabaAshi> Long ES @ 888.00 -> medium size
[10:18] <@NihabaAshi> 4 only
[10:20] <@NihabaAshi> It hit that wall again
[10:20] <+rickf> tight range again
[10:20] <@NihabaAshi> Exited all ES Long @ 888.50 --> + 0.5
[10:21] <@NihabaAshi> geeesh
[10:21] <@NihabaAshi> volatility rising fast but it has a 3 tick range over the last minute
[10:22] <@NihabaAshi> I'm still bullish...
[10:22] <@NihabaAshi> Looking for a re-entry
[10:23] <@NihabaAshi> Long ES @ 889.25 -> medium size
[10:23] <@NihabaAshi> 4 only
[10:23] <@NihabaAshi> intuition
[10:24] <+jigglyhippo> Short ES @ 889.50
[10:25] <kosmipt> nice volatility this AM
[10:25] <+jigglyhippo> Covered all ES Short @ 890.50 --> - 1.00
[10:27] <@NihabaAshi> trailing stop @ profit
[10:29] <@NihabaAshi> tighten trail
[10:29] <@NihabaAshi> Exited all ES Long @ 890.75 --> + 1.5
[10:35] <@NihabaAshi> Overall volatility is low even though we're currently showing rising volatility.
[10:35] <@NihabaAshi> If volatility stalls (stops rising)...I'll be reducing my position size.
[10:38] <+rickf> wrbtrader - how to you assess volatility?
[10:38] <+rickf> generally speaking
[10:39] <+jigglyhippo> ahhh didnt get filled at short 894
[10:39] <+rickf> i just look at the candles and price action and if it's "flat" to me i feel there's no vol
[10:39] <+rickf> ie chop
[10:40] <+jigglyhippo> have to stop trying to jump in front of "moving trains"
[10:41] <+jbuch> now ur thrilled that u didn't get filled
[10:41] <+jigglyhippo> lol
[10:46] <+rickf> back in a bit
[11:03] <+jbuch> Long SPY @ 89.71
[11:07] <+jbuch> Exited all SPY Long @ 89.64 --> - 0.07
[11:26] <+TraderG> I saw a sign: "Rest Area 25 Miles". That's pretty big. Some people must be
[11:26] <+TraderG> really tired.
[11:28] <+jbuch> I was just puling up some jokes
)
[11:31] <+jbuch> Eagles may soar, but weasels don't get sucked into jet engines.
[11:39] <+jbuch> If at first you don't succeed, then skydiving definitely isn't for you.
[11:43] <+jbuch> The problem with the gene pool is that there is no lifeguard.
[11:43] <+jbuch> Drugs may lead to nowhere, but at least it's the scenic route.
[11:59] <@NihabaAshi> Ok...I'm back...looks like I missed a nice price drop.
[11:59] <+rickf> back
[12:00] <+rickf> wow
[12:00] <+jbuch> been sitting here the whole time and missed a nice price drop
[12:03] <+jigglyhippo> same
[12:04] <+ItalianSharp> well, only counter-trend traders could have caught this monster drop
[12:04] <+jbuch> actually I took a couple of longs and lost $ during the price drop.
[12:05] <+ItalianSharp> pullback traders are sitting and watching for now
[12:10] <Nesi> imho.. with some vol coming in soon.. i feel 860 870 area is doable today..imho
[12:12] <+ItalianSharp> nesi, 870 is a possibility
[12:12] <+ItalianSharp> as long as volatility doesnt die out fast
[12:14] <+Nesi> still holding my position
[12:15] <+Nesi> 8300 2c short...and ES 917.50 10c
[12:15] <+Nesi> to me nothing changed... and trend is down....imho
[12:16] <+Nesi> brb
[12:19] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20[12:22] <+rickf> lunchtime
[12:22] <+jigglyhippo> good idea
[12:22] <+jigglyhippo> brb
[12:24] <+jbuch> A fool and his money are soon partying.
[12:35] <@NihabaAshi> I returned just in time to watch it go sideways and volatility dry up
[12:36] <+jbuch> Shorts SPY @ 88.89
[12:38] <+jbuch> Covered all SPY Short @ 88.81 --> + 0.08
[12:39] <+jbuch> man I can deal w
[12:39] <+jbuch> with chop and trend but slow and shitty kills me
[12:40] <+jbuch> looks like the down move is done for a while
[12:48] <+TraderG> u were saying?
[12:48] <+TraderG> u must be standing on your head
[12:51] <+TraderG> I watched the Indy 500, and I was thinking that if they left earlier they
[12:51] <+TraderG> wouldn't have to go so fast.
[12:51] <+jbuch> lol just got back
[12:51] <+TraderG>
[12:51] <+TraderG> u may b left after all
[12:51] <+jbuch> broken my golden rule of keeping my opinion to myself
[12:51] <+TraderG> i mean right
[12:52] <+TraderG> gold is not what it used 2 b
[12:52] <+jbuch> this is so much fun that I am going to go mountain biking
[12:52] <+TraderG> it is more expensive
[12:53] <+TraderG> i am going 2 get a 2nd mtg
[13:08] <@NihabaAshi> Long ES @ 882.75 -> small size
[13:08] <@NihabaAshi> 1 only
[13:11] <@NihabaAshi> Exited ES Long @ 882.50 --> - 0.25
[13:11] <@NihabaAshi> Reverse and Enter Short ES @ 882.50
[13:11] <@NihabaAshi> 1 only
[13:15] <codehead> long 1c ES 882.75 <paper>
[13:16] <@NihabaAshi> Covered ES Short @ 883.50 --> - 1
[13:17] <+jigglyhippo> everything is so .....
[13:17] <+codehead> exit 1c ES +1.00 <paper>
[13:18] <@NihabaAshi> Long ES @ 883.75 -> small size
[13:18] <@NihabaAshi> 3 only
[13:18] <@NihabaAshi> volatility rising...don't know for how long
[13:23] <@NihabaAshi> Exited all ES Long @ 883.25 --> - 0.5
[13:26] <@NihabaAshi> weak support area
[13:26] <+Nesi> vol increasing
[13:27] <+Nesi> feels like drilling 880 soon...IMHO
[13:28] <+TraderG> multiple touches of this area on top of the gap from May 1st
[13:28] <+TraderG> actually the gap occured on May 4th
[13:29] <@NihabaAshi> Shorts ES @ 881.50 -> small size
[13:29] <@NihabaAshi> 3 only
[13:29] <@NihabaAshi> intuition
[13:34] <@NihabaAshi> its getting slower, sloweer and slower...volatility drying up
[13:35] <+rickf> back
[13:35] <+Nesi> come on... drill 880
[13:41] <+jigglyhippo> having trouble breaking that 880.75
[13:41] <@NihabaAshi> Covered all ES Short @ 881.25 --> + 0.25
[13:41] <@NihabaAshi>
[13:41] <@NihabaAshi> lost patience
[13:41] <+rickf> kinda going nowhere since that big drop this morning
[13:49] <@NihabaAshi> Long ES @ 881.75 -> small size
[13:49] <@NihabaAshi> 2 only
[13:49] <@NihabaAshi>
[13:49] <+codehead> 880.50 a very nice symmetry
[13:50] <+rickf> short es 882.50
[13:50] <@NihabaAshi> Exited all ES Long @ 882.25 --> + 0.5
[13:50] <@NihabaAshi> be right back...got some family distractions right now
[13:50] * NihabaAshi is now known as NihabaAshi_away
[13:53] <+rickf> out 881.75 +.75
[13:53] <+rickf> getting choppy
[13:55] <+rickf> still looking lower
[14:02] <+jigglyhippo> everything seems like its just stuck\
[14:13] <+rickf> short es 883
[14:15] <+rickf> out 81.50 +1.50
[14:15] <+jigglyhippo> nice short
[14:15] <+rickf> think i'm gonna quit for the day
[14:15] <+rickf> thx
[14:22] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20[14:32] <+jbuch> look at that didn't miss a thing
[14:35] <tomosyn57> Shorts SSO @ 24.2
[14:39] <+jbuch> Long SPY @ 88.52
[14:39] <+tomosyn57> Covered all SSO Short @ 24.18 --> + 0.02
[14:41] <+jbuch> Exited all SPY Long @ 88.47 --> - 0.05
[14:42] <+tomosyn57> Shorts SSO @ 24.17
[14:42] <+jigglyhippo> wow dropping
[14:43] <+tomosyn57> exit stop set SSO @ 24.15
[14:44] <+tomosyn57> exit stop lowered SSO @ 24.13
[14:44] <+tomosyn57> exit stop lowered SSO @ 24.1
[14:45] <+jbuch> highest vol of the day
[14:45] <+tomosyn57> Covered 1/2 SSO Short @ 24.06 --> + 0.11
[14:47] * codehead is now known as codehead_afk
[14:48] <+tomosyn57> exit stop lowered SSO @ 24.07
[14:48] <+tomosyn57> Trailing Stop Hit SSO @ 24.07 --> + 0.1
[15:10] <+jbuch> that was a surprising little pop back up
[15:15] <+jbuch> Long SPY @ 88.41
[15:18] <+jbuch> Exited all SPY Long @ 88.39 --> - 0.02
[15:22] <+jbuch> Shorts SPY @ 88.42
[15:23] <+TraderG> is Monday a holiday?
[15:24] <+jbuch> Covered all SPY Short @ 88.41 --> + 0.01
[15:24] <+jigglyhippo> nope
[15:24] <+rickf> nope
[15:24] <+jigglyhippo> next monday
[15:24] <+jigglyhippo> memorial day
[15:25] <+tomosyn57> Long SSO @ 24.12
[15:25] <+jbuch> shoulda gone for a longer mountain bike ride
[15:25] <+rickf> i just took a nap
[15:25] <+tomosyn57> exit stop set SSO @ 24.18
[15:26] <+rickf> now th fun begins
[15:26] <+rickf> try to pin at various strikes for the close
[15:26] <+rickf> should make for entertaining viewing
[15:27] <+tomosyn57> exit stop raised SSO @ 24.22
[15:27] <+tomosyn57> Trailing Stop Hit SSO @ 24.22 --> + 0.1
[15:29] <+jbuch> well I guess that there was more demand than supply down there
[15:32] <+jbuch> Shorts SPY @ 88.69
[15:32] <+jbuch> late
[15:33] <+jbuch> Covered all SPY Short @ 88.52 --> + 0.17
[15:35] <+jbuch> finally got something right
[15:37] <+rickf> vn
[15:38] <+jbuch> low of the last couple of days trying to act as support
[15:38] <@NihabaAshi_away> Long ES @ 880.75 -> small size
[15:38] <@NihabaAshi_away> 2 only
[15:38] * NihabaAshi_away is now known as NihabaAshi
[15:40] <@NihabaAshi> Exited ES Long @ 880.00 --> - 0.75
[15:40] <@NihabaAshi> Reverse and Enter Short ES @ 880.00
[15:40] <@NihabaAshi> oh oh
[15:41] <@NihabaAshi> Covered ES Short @ 881.00 --> - 1
[15:41] <@NihabaAshi> Reverse and Enter Long ES @ 881.00
[15:41] <@NihabaAshi> I saw that spike coming but couldn't get out of it's path
[15:41] <@NihabaAshi>
[15:45] <@NihabaAshi> Exited all ES Long @ 882.50 --> + 1.5
[15:50] <@NihabaAshi> ES should be much higher by now
[15:52] <@NihabaAshi> Long ES @ 881.75 -> small size
[15:52] <@NihabaAshi> 1 only
[15:53] <@NihabaAshi> here we go again
[15:56] <@NihabaAshi> Exited ES Long @ 881.50 --> - 0.25
[15:56] <@NihabaAshi> Reverse and Enter Short ES @ 881.50
[15:57] <+jbuch> Long SPY @ 88.53
[15:59] <@NihabaAshi> Covered ES Short @ 880.75 --> + 0.75
[15:59] <@NihabaAshi> Long ES @ 881.00 -> small size
[15:59] <@NihabaAshi> 1 only
[16:00] <+rickf> ding !
[16:00] <+jbuch> Exited all SPY Long @ 88.69 --> + 0.16
[16:00] <@NihabaAshi> Exited ES Long @ 881.50 --> + 0.5
[16:02] <@NihabaAshi> Long ES @ 881.00 -> small size
[16:02] <@NihabaAshi> 1 only
[16:03] <@NihabaAshi> I'm trying to exploit that same price area.
[16:04] <+jbuch> added some skf to my long positions at the close but am wondering if that was a good idea.
[16:05] <+rickf> i sat aside .... my short calls are up nicely this week on my equities, my SDS is still within my "hedge" zone so i'm ok for the moment
[16:05] <@NihabaAshi> I think this is as good as it's going to get on this trade.
[16:06] <+jbuch> I cut my sds position in half yesterday.
[16:06] <+jbuch> so this will bring me back to slighlty short the market.
[16:07] <+rickf> i'm still skewed short
[16:08] <@NihabaAshi> Exited ES Long @ 882.25 --> + 1.25
[16:08] <+jbuch> hopefully we don't get a big gap up on monday
[16:08] <+rickf> we take what we get
[16:09] <+jbuch> ya but I only want ehat is in my favor
)
[16:09] <+jbuch> ehat =what in new mexico
[16:10] <+rickf> lol
[16:10] <@NihabaAshi> missed too much of the good part of the price action today (that big drop) between 1045am - 12noon est.
[16:10] <+rickf> you and me both wrbtrader
[16:10] <+jbuch> have a good weekend all
[16:10] <+rickf> rest of the day was for at most a few points
[16:10] <+jigglyhippo> you too
[16:10] <+rickf> cya
[16:10] <@NihabaAshi> the stuff that I traded was just for the birds
[16:11] <+rickf> thems the breaks some days
[16:11] <+jigglyhippo> i was here but just sat here watching
[16:11] <+jigglyhippo> ...not cool
[16:11] <+rickf> if you finished green on a ducky tape, be happy, go home, and
well
[16:11] <+rickf> that's my motto
[16:11] <@NihabaAshi> Yep...exactly
[16:12] <+rickf> (to paraphrase 'malone' from the Untouchables)
[16:12] <+rickf> "You just fulfilled the first rule of law enforcement: make sure when your shift is over you go home alive. Here endeth the lesson. "
[16:17] <+rickf> ok guys have a good weekend - see you next week !
[16:28] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20[16:30] <@NihabaAshi> take care all and have a good/safe weekend
[16:30] * NihabaAshi is now known as NihabaAshi_away
[18:34] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20[18:48] * [1]DeanK is now known as DeanK
[20:37] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20Session Close: Fri May 15 21:38:36 2009
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