##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: Mon Jun 01 07:50:41 2009
Session Ident: #futurestrades
[07:50] * Now talking in #futurestrades
[07:50] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:14] <pat255> all
[09:16] * codehead_afk is now known as codehead
[09:21] <@X> #FuturesTrades Info -> Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade. 2009 chat logs stored @ viewforum.php?f=20 and chat logs prior to 2009 are stored @ http://www.thestrategylab.com/ArchivedPastTrades.htm
[09:27] <@NihabaAshi> FYI - sep34 is on vacation
[09:27] <rickf>
[09:29] <drt> everyone
[09:40] <Nesi> hi all
[09:44] <codehead> short ES 93.25 <paper>
[09:44] <+codehead> 1 pt stop
[09:45] <+codehead> hit, -1.00 ES <paper>
[09:46] <+Nesi> GOLD keeps on going
[09:49] <+rickf> short es 934.50
[09:50] <+rickf> out 934.25+.25
[09:50] <+rickf> trade error
[09:54] <fcb98292> Long ES 936
[09:54] <+fcb98292> Tgt 937
[09:55] <+fcb98292> flat
[10:01] <+fcb98292> Long ES 937
[10:01] <+fcb98292> Tgt 939
[10:01] <@NihabaAshi> Long ES @ 938.75 -> medium size
[10:01] <+fcb98292> flat
[10:01] <@NihabaAshi> 4 only
[10:02] <@NihabaAshi> Exited all ES Long @ 939.00 --> + 0.25
[10:03] <@NihabaAshi>
[10:04] <@NihabaAshi> Long ES @ 938.50 -> medium size
[10:04] <@NihabaAshi> error
[10:04] <@NihabaAshi> Long ES @ 939.50 -> medium size
[10:05] <@NihabaAshi> Didn't help that I wasn't able to trade earlier this morning due to a meeting
[10:06] <@NihabaAshi> Exited all ES Long @ 940.00 --> + 0.5
[10:14] <@NihabaAshi> Long ES @ 939.50 -> small size
[10:14] <@NihabaAshi> 2 only
[10:15] <+rickf> aheesh who'd have thought going bankrupt would spike the market
[10:16] <@NihabaAshi> Exited all ES Long @ 840.75 --> - 98.75
[10:17] <@NihabaAshi> ooops
[10:17] <@NihabaAshi> Exited all ES Long @ 940.75 --> + 1.25
[10:18] <@NihabaAshi> The bullish spike in the market started last night in the overnight trading session.
[10:19] <TraderG> rickf it makes sense
[10:19] <+TraderG> at least the ambiguity is gone
[10:19] <+rickf> true true
[10:20] <+TraderG> i always feel better after getting rid of a losing trade than having it hang over me
[10:20] <+TraderG> i believe this is the same idea
[10:20] <+rickf> this may be what is needed to get the SPX over the 200ma and fire off all the expected shorts waiting above it
[10:21] <+TraderG> nevertheless, i still think that we will go lower soon because the economic cloud are still above us.
[10:21] <+rickf> i agree
[10:21] <+TraderG> but as day traders this does not matter
[10:21] <+rickf> nope but as long-term traders it's nice to have your possible buy points planned
[10:22] <+TraderG> it just effects longer term holdings
[10:22] <+TraderG> yes
[10:22] <+rickf> i'm not going long on stocks until a major pullback, which i'm still waiting for
[10:22] <+TraderG>
[10:22] <+TraderG> I hope we don't wait 2 long
[10:22] <+rickf> got insane cost basis on stuff i bought in nov-jan and want to add to them but not here
[10:24] <+TraderG> i am green with envy
[10:24] <+TraderG> I have INSANE COST BASE also but not like yours
[10:24] <+rickf> thx ... i began cost averaging into stuff to take advantage of market volatility and not go all-in like so many retailers do
[10:24] <+rickf> 100 here, 100 there, and used patience
[10:25] <+TraderG> good 4 u
[10:25] <+rickf> it worked quite well for me and was a valuable lesson in building longterm positions
[10:28] <+rickf> heheh cnbc --
[10:28] <+rickf> website talks about the pending crossover of the 200ma and says "This bullish indicator could push the markets even higher."
[10:28] <+rickf> doesn't say jack about a bounce DOWN from that and the cross not holding
[10:30] <+TraderG> time 2 sell
[10:30] <+TraderG> if CNBC is using the B word
[10:31] <+rickf> http://www.cnbc.com/id/31042941/site/14 ... &par=yahoo
[11:00] <+Nesi> Shorts YM @ 8690 -> medium size «« simulator »»
[12:03] <@X> #FuturesTrades Info -> Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade. 2009 chat logs stored @ viewforum.php?f=20 and chat logs prior to 2009 are stored @ http://www.thestrategylab.com/ArchivedPastTrades.htm. Also, do not mimic (shadow) trades of others without their permission.
[12:28] <+fcb98292> Still short, Nesi?
[12:38] <+Nesi> sorry for delay....yes... simulator of course
[12:38] <+Nesi> be right back
[12:41] <+codehead> short 2c ES 943.75<paper> stop 945.25 (scalp)
[12:49] <+codehead> exit ES -.25 <paper>
[12:53] <+codehead> short 1c ES 944.25 <paper> stop 945.50
[12:54] <+codehead> add 1c 944.00 <paper>
[12:58] <+codehead> exit add +1.00 ES <paper>
[12:59] <+codehead> exit ES remainder +2.50 <paper>
[13:00] <+Nesi> this is going to implode...
[13:00] <+Nesi> gonna get worst before it gets better ..imho
[13:01] <+TraderG> send me you crystal ball
[13:02] <+Nesi> 8 ball
[13:04] <+Nesi> they still cant find the plane
[13:24] <+TraderG> poor people
[13:24] <+TraderG> and their families
[13:25] <+fcb98292> They didn't feel a thing, sir.
[13:26] <+TraderG> i often wonder
[13:26] <+TraderG> i think they felt a terrible fear
[13:27] <+fcb98292> That impact to the body would render one unconscious or simply dead immediately.
[13:27] <+TraderG> yes but what about the time until the impact? surely they undestood that something is wrong.....
[13:27] <+fcb98292> I wonder if lightning disabled their electronics... those Airbuses don't have the backup cables to manually fly, as the Boeing planes do.
[13:28] <+fcb98292> The A330 uses a joystick instead of a classic yoke & pedal.
[13:29] <+Nesi> amazing still cant find anything
[13:30] <+fcb98292> They will... enough to piece together an outline of the plane, anyway.
[13:32] <@X> #FuturesTrades Info -> Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade. 2009 chat logs stored @ viewforum.php?f=20 and chat logs prior to 2009 are stored @ http://www.thestrategylab.com/ArchivedPastTrades.htm. Also, do not mimic (shadow) trades of others without their permission.
[13:55] <morka_> man, what a boring day
[14:02] <@NihabaAshi> Just got back...
[14:02] <@NihabaAshi> Looks like a day for trend traders
[14:04] <@NihabaAshi> be back later
[15:07] <+rickf> *yawn*
[15:33] <+codehead> short 2c ES 944.50 <paper>
[15:34] <+codehead> touch of 945.25 i look for quick exit
[15:34] <+codehead> exit +1.00 half <paper>
[15:35] <+codehead> was short at symmetry (scalp)
[15:35] <+codehead> lower stop b/e remainder <paper>
[15:35] <@X> #FuturesTrades Info -> Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade. 2009 chat logs stored @ viewforum.php?f=20 and chat logs prior to 2009 are stored @ http://www.thestrategylab.com/ArchivedPastTrades.htm. Also, do not mimic (shadow) trades of others without their permission.
[15:36] <+codehead> meant 944.25 (+.25)
[15:36] <+codehead> exit +.50 remainder <paper>
[15:57] <+rickf> boring day
[17:41] <@X> #FuturesTrades Info -> Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade. 2009 chat logs stored @ viewforum.php?f=20 and chat logs prior to 2009 are stored @ http://www.thestrategylab.com/ArchivedPastTrades.htm. Also, do not mimic (shadow) trades of others without their permission.
Session Close: Mon Jun 01 18:40:10 2009

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