##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.

------------------------

Session Start: Tue Jun 16 09:16:46 2009
Session Ident: #futurestrades
[09:16] * Now talking in #futurestrades
[09:16] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:29] <drt> all
[09:29] <stick2it> room
[09:31] <LP> all
[09:32] <PeterPanBoy> GM all
[09:33] <jigglyhippo> all
[09:37] <TraderG> every 1
[09:37] <+jbuch> Shorts ES @ 920
[09:37] <+jbuch> oops 922
[09:38] <+jbuch> Covered all ES Short @ 920 --> 0
[09:39] <+jbuch> Shorts ES @ 922
[09:39] <+jbuch> Covered all ES Short @ 920.5 --> + 1.5
[09:39] <Nesi> good one
[09:40] <+jbuch> thanks
[09:46] <Awash> good morning all
[09:47] <pat255> all
[09:48] <+Nesi> hi pat, awash
[09:48] <+Awash> howdy
[09:49] <+pat255> hi nesi
[09:49] <+jbuch> awash r u a fellow westener
[09:50] <+Awash> no
[09:50] <+Nesi> short ES 922.75
[09:50] <+jbuch> nice catch nesi
[09:51] <+Nesi> cant use the scrip..because i have a short position on ES and YM
[09:51] <+Nesi> i am still holding it
[09:52] <+Nesi> hope the script remembers my position
[09:53] <+Nesi> cover ES 923.75 -1
[09:53] <@NihabaAshi> Shorts ES @ 923.50 -> medium size
[09:54] <@NihabaAshi> 4 only
[09:55] <@NihabaAshi> Covered 3/4 ES Short @ 922.00 --> + 1.5
[09:56] <+Nesi> good one
[09:56] <@NihabaAshi> Oil and Gold losing a little steam
[09:57] <@NihabaAshi> Will continue holding my remainder until Oil and Gold develops a support level
[09:58] <@NihabaAshi> Eurex DAX looks like it's stuck in mud too
[10:00] <+jbuch> financials made a slightly lower low
[10:03] <+jbuch> Long ES @ 921.25
[10:03] <@NihabaAshi> weak support area developing in Oil and Gold
[10:03] <@NihabaAshi> Covered Remainder ES Short @ 922.25 --> + 1.25
[10:04] <+jbuch> Exited all ES Long @ 923.75 --> + 2.5
[10:05] <+TraderG> vn
[10:05] <+Nesi> goal reached
[10:05] <+jbuch> )))
[10:05] <+Nesi> nice consistency...jbuch
[10:05] <+jbuch> thanks nesi
[10:06] <codehead> short 2c ES 923.75 <paper> stop 924.50
[10:06] <+Nesi> once you reach your goal.. what do you do.. continue trading protecting your profits?
[10:06] <+codehead> stop 924.25 <paper>
[10:06] <+Nesi> short ES 923.50
[10:07] <+jbuch> I continue trading but more conservativly
[10:07] <+Nesi> got it
[10:07] <@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.
[10:07] <+codehead> exit ES +.50 <paper>
[10:08] <+codehead> oops
[10:09] <+jbuch> pretty good vol on that last reversal.
[10:10] <+LP> mush, can't even get out of the first 15min bar
[10:11] <+Nesi> cover ES 923.50 FLAT
[10:12] <+Nesi> short ES 922.50
[10:14] <+jbuch> financials making lower lows
[10:16] <+Nesi> i see some resistance at 920.20 one min chart
[10:22] <+jbuch> not much of a breakout
[10:22] <kosmipt> Long ES @ 920.25 «« simulator »»
[10:24] <pdays> Long ES @ 919.75
[10:24] <+pdays> Exited all ES Long @ 920.25 --> + 0.5
[10:24] <+PeterPanBoy> Long ES @ 920.75 «« testing »»
[10:25] <+PeterPanBoy> price stall
[10:25] <+Nesi> cover ES 921.50 +1
[10:25] <+PeterPanBoy> Exited 1/2 ES Long @ 921 --> + 0.25 «« testing »»
[10:25] <+PeterPanBoy> if not rising i exit
[10:26] <+PeterPanBoy> Exited Remainder ES Long @ 921 --> + 0.25 «« testing »»
[10:28] <+kosmipt> Exited all ES Long @ 921.50 --> + 1.25 «« simulator »»
[10:28] <+Nesi> shorts ES 921.00
[10:29] <+codehead> ES gap filled--so far just stuck between there and yesterday breakdown area
[10:30] <+jbuch> nesi r u live
[10:30] <+Nesi> paper
[10:30] <+Nesi> sorry i did not mention
[10:31] <+jbuch> no need just curious u were live last year right
[10:31] <+Nesi> yes, whole year i was live
[10:32] <+jbuch> u had some great trades
[10:32] <+Nesi> i managed to trade 15k live, i lost 11k , but i lasted one year of learning
[10:32] <+Nesi> it was my first year of trading futures
[10:33] <+Nesi> cover ES 922 -1
[10:35] <+Nesi> i am flat now , but 80 bucks in comish.. i was playing 2 c
[10:35] <+Nesi> so -80 minus so far
[10:35] <+Nesi> short ES 920.25 2 paper
[10:38] <+jbuch> Long ES @ 920.75
[10:41] <+jbuch> Exited all ES Long @ 922.25 --> + 1.5
[10:41] <+Nesi> nice again
[10:42] <+jbuch> thanks
[10:43] <+Nesi> i have a hard stop 923.25 ..if so ...its -3 :/
[10:46] <+Awash> Shorts YM @ 8575
[10:46] <+jbuch> I am surprised that we made it back up here.
[10:46] <+Nesi> me too.. :/
[10:46] <+Nesi> but it is what it is
[10:52] <+Nesi> something has to give up soon..imo
[10:53] <+jbuch> yeah this is a super tight range
[10:53] <+Nesi> wrbtrader, any opinion?
[10:56] <+Awash> just FYI: the U.S. trading session is long and won't close until 3:15pm CST, so we have plenty of time remaining in this session to trade out of this tight range
[10:56] <+Awash> we can stall like this for another hour than make a move
[10:57] <+jbuch> Long ES @ 921.75
[10:57] <+Nesi> i think a move will happen sooner than later..imho
[11:00] <silo> i'm short a few stocks today
[11:00] <+silo> shorted MON OCN POT PTV
[11:02] <+Nesi> cover ES 923.25 -3 on 2c
[11:03] <+Nesi> you killing it today..jbuch
[11:03] <+jbuch> Exited all ES Long @ 923.25 --> + 1.5
[11:04] <+Nesi> geezz...vn
[11:04] <+jbuch> thanks I am good in range type areas
[11:04] <+Nesi> take a break
[11:04] <@NihabaAshi> * News - Russia, China, others urge diverse monetary system @ http://finance.yahoo.com/news/Russia-Ch ... 37196.html
[11:04] <+jbuch> )
[11:04] <+silo> nesi is trying to sabotage you
[11:04] <+Nesi> lol
[11:04] <+jbuch> lol
[11:05] <rickf> all
[11:05] <+codehead> short 1c ES 923.50 <paper> stop 924.50
[11:05] <+jbuch> hey rickf
[11:05] <+rickf>
[11:06] <+jbuch> there s no crying in trading
[11:06] <+rickf> that was a wink
[11:06] <+jbuch> ahh
[11:06] <+jbuch>
[11:06] <+Nesi> you remember me of the lady trading the millionares traders
[11:06] <+rickf> tears come after the close ... if they come, that is
[11:06] <+rickf> cleo?
[11:06] <+Nesi> she was crying the whole show
[11:06] <+rickf> yeah
[11:07] <+Nesi> if i have to trade with a person like that..i ll jump out the window
[11:07] * +rickf agreed
[11:07] <+Nesi> no emotions
[11:08] <+codehead> exit ES 1c +.75 <paper>
[11:08] <+jbuch> did u guys find more of those shows
[11:08] <+rickf> nope
[11:08] <+rickf> 3 ponly
[11:08] <+codehead> what show?
[11:08] <+jbuch> the ones that wrbtrader posted seemed to be partials
[11:08] <+Nesi> i have the whole show...jbuch..but it is 2.7G and i dont have a place to upload
[11:08] <+jbuch> the millionare one
[11:09] <+Nesi> u guys find me a place to upload...and i will do it...
[11:09] <+jbuch> where did u get it
[11:09] <+Nesi> dont ask..jbuch
[11:09] <+jbuch> ))))
[11:09] <+Nesi> you really learn some...watching the movie
[11:10] <+Nesi> you have all the emotions playing for real
[11:11] <+jigglyhippo> Nesi
[11:11] <+Nesi> yes
[11:11] <+jigglyhippo> why not upload to rapidshare
[11:11] <+rickf> i thought it was a very good thing
[11:11] <+jigglyhippo> and post the links for us to DL
[11:11] <+Nesi> thing is.. i can do that ..because i have an account...but others have to pay to download
[11:12] <+jigglyhippo> they can DL as a free user no?
[11:12] <ItalianSharp> FYI: some time ago I posted about that friend of mine who attempted to build a major short position in ES (over 100 contracts) by averaging up...
[11:12] <+Nesi> no
[11:12] <+jigglyhippo> or megaupload
[11:12] <+rickf> i have the 3 files and can post them if need be
[11:12] <+ItalianSharp> well, he's now broke
[11:12] <+Nesi> i remember italiano
[11:12] <+ItalianSharp> ES touched 950 while i was on holiday last week
[11:12] <+Nesi> geez
[11:12] <+jigglyhippo> lol sorry to hear that
[11:12] <+ItalianSharp> he tried to call me...i was at the beach though
[11:12] <+ItalianSharp> no cell phone, no phone, no computer
[11:12] <+Nesi> i feel for him
[11:12] <+jbuch> dang
[11:13] <+ItalianSharp> he lost over $1M
[11:13] <+rickf> eeep
[11:13] <+ItalianSharp> he's done
[11:13] <+jigglyhippo> jeez
[11:13] <+pat255> S 23.5
[11:13] <+ItalianSharp> 10yrs of gains blown out in a matter of 3 months
[11:13] <+ItalianSharp> crazy
[11:13] <+Nesi> really amazing
[11:13] <+jigglyhippo> that really hurts
[11:13] <+ItalianSharp> averaging up/down is for losers, it's the devil
[11:13] <+rickf> wow
[11:13] <+LP> leverage sucks
[11:13] <+ItalianSharp> anyone who does that, should be jailed
[11:14] <+Nesi> i am trading from sunny isles jail.. italiano
[11:14] <+ItalianSharp> when i called him up after my holiday...
[11:14] <+codehead> esnips or 2shared dot com say free 5 GB storage--i'm not familiar with them tho
[11:14] <+ItalianSharp> he sounded real cool...i still didnt know about his blowout because i hadnt looked at any charts, i was calling him from my car cell on the way back from the airport...
[11:14] <+ItalianSharp> he sounded real cool...
[11:15] <OICU812> GM
[11:15] <+ItalianSharp> so i figured: man, you did it! ES 800!
[11:15] <+ItalianSharp> he said: nope, i am done
[11:15] <+codehead> short 1c ES 923.75 <paper> stop 924.50
[11:15] <+ItalianSharp> i almost had a car crash when i heard that
[11:15] <+codehead> lower stop 924.25
[11:15] <+ItalianSharp> i had to pull over in the emergency lane to take some breath
[11:16] <+ItalianSharp> over $1M blown in 3months
[11:16] <+rickf> sheesh
[11:16] <+Nesi> short ES 923.00
[11:16] <+Nesi> will he try to trade again?
[11:16] <+ItalianSharp> no way
[11:16] <+ItalianSharp> he already trashed his computers, screens, etc
[11:16] <+rickf> dag
[11:16] <+jbuch> damn looks like he got tagged out at the exact high how do u live with that
[11:16] <+ItalianSharp> he wants to become a farmer now
[11:17] <+Nesi> went like 7 points above 950
[11:17] <+ItalianSharp> jbuch, what was the highest pt ES reached?
[11:17] <+rickf> grow his own food saves what money he has left
[11:17] <+rickf> unreal
[11:17] <+jbuch> wow what a story
[11:17] <+rickf> most i lost in a month was $20K ... all of it 'profit' but still scared me because i got STUPID and greedy
[11:17] <+ItalianSharp> the thing is this:
[11:18] <+ItalianSharp> when he said to me "man, this is a gift! economy still in bad shape, no way we reach 950 before we make new lows!"
[11:18] <+ItalianSharp> that's when i knew we were in for a big rally
[11:18] <+ItalianSharp> too many people got spoiled by shortin this market
[11:19] <+silo> sep is on a long vacation
[11:19] <+ItalianSharp> they were due for a big rally
[11:19] <+codehead> exit 1c ES +.75 <paper>
[11:19] <+ItalianSharp> anyways, bad story but it should teach you something
[11:20] <+ItalianSharp> money management is key in this business
[11:20] <+OICU812> key in any business
[11:20] <+Nesi> yup..big time
[11:20] <+jbuch> that is a fact
[11:21] <+rickf> you said it
[11:21] <+OICU812> the biggest problem IMHO, is that people dont treat trading as a business. more like a lottery
[11:21] <+OICU812> thats why so many fail
[11:21] <+OICU812> they go after home runs, and this is a business of hits with eventual home runs
[11:21] <+Nesi> well put
[11:22] <Sidhartha> anyone can 'punt'... but trading is a craft...
[11:22] <+OICU812> just like selling shoes, bread, cakes or toilet paper
[11:26] <+jbuch> had a saying that I used a lot in my former career watch the pennies and the dimes will take care of themselves.
[11:27] <+jbuch> even more fitting for this industry
[11:27] <+Nesi> you said you were in construction..right?
[11:28] <+jbuch> yeah me and another guy were partners in a wood framing company for about 15 years.
[11:31] <@NihabaAshi> Long ES @ 921.25 -> small size
[11:31] <@NihabaAshi> 2 only
[11:35] <+OICU812> a random question for everyone. How long was your learning curve till you "got" what trading really was?
[11:35] <+OICU812> for me i think it was about 1.5 years
[11:35] <+jigglyhippo> at least 1yr
[11:36] <+Nesi> did you lose money in that time..OIC
[11:36] <+OICU812> lost a little made it back, lost it again
[11:36] <+OICU812> lol
[11:36] <+OICU812> i was very conservative
[11:36] <+OICU812> so not much
[11:36] <+Nesi> you started trading futures only?
[11:37] <+OICU812> i started trading coffee (family business) then moved to stocks and then to futures.
[11:37] <+OICU812> never looked back after futures
[11:38] <+Nesi> what diference do you see between stocks and futures..if i may ask?
[11:38] <@NihabaAshi> volatility declining fast
[11:38] <@NihabaAshi> expecting a volatility spike here soon
[11:38] <@NihabaAshi> hopefuly it takes price up and not down
[11:39] <@NihabaAshi> tighten trail
[11:39] <+rickf> never daytraded stocks, only futures and fx myself
[11:40] <@NihabaAshi> Oil and Gold trying hard to find some support
[11:40] <+Nesi> Obame live...fwiw
[11:40] <+rickf> nice thing about futs is that it's the 'broad market'
[11:40] <+rickf> i find it easier to trade actively than a stock
[11:40] <+OICU812> I focus on one chart Nesi, instead of figuring out which one will move with stocks.
[11:41] <+OICU812> plus much more liquidity in futures
[11:41] <+OICU812> and a bit less manipulated
[11:41] <+Nesi> do you follow others indices when you play the ES?
[11:41] <+rickf> i used to follow the dax
[11:42] <+rickf> until 11am the dax would be a great leading indicator for the es
[11:42] <@NihabaAshi> volatility declining again
[11:42] <+OICU812> no Nesi
[11:43] <+OICU812> one chart, one focus
[11:45] <@NihabaAshi> Exited all ES Long @ 920.25 --> - 1
[11:45] <+rickf> OICU812: that's where i am now ... one chart
[11:45] <+rickf> tho i do keep a small status board with the other indicess/gold/oil just for reference
[11:45] <+rickf> but focus on one chart
[11:46] <+Nesi> i have NQ,YM ES charts
[11:49] <+OICU812> i find that if i try to correlate different instruments it will work sometimes and therefore you wont know when it will work. So it creates uncertainty which creates doubt with instills fear which is not good for trading. Therefore i take any instument by itself and dont try to correlate them. I trade other things (options) on larger time frames and thats how i work with them.
[11:50] <+OICU812> for daytrading only the ES
[11:51] <+Nesi> thx
[11:52] <+rickf> me too -- i trade fx on a 20-day 1-hour chart
[11:52] <+rickf> options/stocks on a 9-mo daily
[11:52] <+Nesi> rickf, do you trade fx off OEC
[11:53] <+rickf> no
[11:53] <+rickf> thinkorswim
[11:53] <+OICU812> Nesi, you also have to take into account that what works for someone may not work for you. Everyone has different risk tolerances and patience. So take from others what works for you and dont try to mimic
[11:53] <+rickf> EXACTLY
[11:53] <+Nesi> yeah
[11:54] <+Nesi> that is one of the little things i know
[11:54] <+Nesi> find your own style
[11:54] <+OICU812> what is?
[11:54] <+OICU812> oh yeah
[11:54] <+Nesi> yup
[11:55] <+OICU812> it took me a while to learn that one.
[11:55] <+OICU812> i could not "see" what others did
[11:55] <+Nesi> also, dont blame others, take responsability for your actions, no emotions, trade what you see...things like that
[11:55] <+rickf> boy howdy that's a hard lesson
[11:55] <+Nesi> also...there are no secrets in trading
[11:55] <+rickf> i think everyone wants to 'see how you do it' and then figure they can do it as well
[11:55] <+Nesi> its like an inner journey
[11:55] <+rickf> they want to know the SCIENCE of trading but they forget the ART
[11:56] <+Nesi> the ART part comes from lots of practice
[11:56] <+rickf> yupp
[11:59] <@NihabaAshi> Shorts ES @ 918.00 -> small size
[11:59] <@NihabaAshi> 2 only
[12:01] <+Nesi> some mojo showing up..imho
[12:03] <@NihabaAshi> Covered all ES Short @ 917.25 --> + 0.75
[12:04] <+OICU812> Nesi, now that you say an inner journey. The hardest part for me about trading was getting to know myself.
[12:05] <+Nesi> agree..that is one of the hardest things to achieve
[12:05] <@NihabaAshi> Long ES @ 918.00 -> small size
[12:05] <@NihabaAshi> 2 only
[12:06] <+Nesi> to achieve emotional inteligency
[12:07] <@NihabaAshi> Exited all ES Long @ 918.00 --> 0
[12:07] <@NihabaAshi> early exit
[12:07] <@NihabaAshi> going to lunch
[12:07] * NihabaAshi is now known as NihabaAshi_away
[12:07] <+Nesi> any trades today...OIC
[12:09] <+OICU812> 6/6
[12:09] <+Nesi> nice
[12:10] <+OICU812> nice range, very predictable
[12:10] <+Nesi> we are at the top of the big run on may 29
[12:10] <+Nesi> i think that run was 903 to 917 or so
[12:11] <+Nesi> just a comment... it means nothing
[12:13] <@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.
[12:17] <+Nesi> for my record : i am being greedy right now
[12:21] <+silo> you're greedy everyday
[12:21] <+silo>
[12:21] <+Nesi> yes... i have to work on that
[12:21] <+Nesi> i cant lie to myself
[12:21] <+silo> you're a ('@']_ ))~
[12:22] <+Nesi> wonder what that is
[12:24] <+jigglyhippo> Long ES @ 917.00
[12:24] <+jigglyhippo> random trade =/
[12:27] <+jbuch> wow figured when i got back from breakfast the market would have broken up above 924 and rallied up a lil bit. glad i took ur advice nesi
[12:28] <+jigglyhippo> Exited all ES Long @ 918.25
[12:28] <+jigglyhippo> --> +1.25
[12:28] <+Nesi> nice trade
[12:28] <+jigglyhippo> thanks
[12:28] <+jigglyhippo> been getting bored just watching
[12:29] <+jigglyhippo> but have to get better with my patience
[12:29] <+Nesi> boring its part of trading...imho
[12:29] <+jigglyhippo> yeah youre right
[12:29] <+Nesi> and patience too..lol
[12:30] <+jbuch> nesi were did u go short at
[12:30] <+Nesi> 923
[12:30] <+Nesi> stop at 920 hard now fwiw
[12:30] <+jbuch> nice
[12:30] <+jigglyhippo> oh wow
[12:30] <+jigglyhippo> good trade
[12:30] <+Nesi> i made mistakes earlier and i was being greedy to make it back
[12:30] <+Nesi> sound familiar?
[12:31] <+Nesi> also i was the tape
[12:31] <+jbuch> and u have a longer term short as well don't u
[12:31] <+Nesi> yes
[12:31] <+Nesi> es and ym.. dont ask where i am
[12:32] <+jbuch> i thought tha u took it in those doji days last week
[12:32] <+Nesi> i am changing my ways...and writing a personal journal to see what is going on with me
[12:33] <+PeterPanBoy> important support here
[12:33] <+jbuch> oh ya r u planning on changing ur stratagies
[12:34] <+Nesi> its more of how i feel.. what i see that is going on, also my personal life..things like that... plus why i take a trade..etc
[12:35] <+Nesi> old fashion way...pencil and paper
[12:37] <+PeterPanBoy> Long ES @ 916 «« testing »»
[12:37] <+PeterPanBoy> Exited 1/3 ES Long @ 916.25 --> + 0.25 «« testing »»
[12:37] <+PeterPanBoy> Exited Remainder ES Long @ 916.25 --> + 0.25 «« testing »»
[12:38] <+jbuch> i do that with each trade that i take. I write down why i took each trade, how it went and how i felt in the trade.
[12:40] <+Nesi> cover ES 913 +10 on 2c
[12:41] <+Awash> Covered 1/3 YM Short @ 8500 --> + 75
[12:41] <+jbuch> beauty
[12:41] <+kosmipt> nice
[12:41] <+Awash> holding 2
[12:41] <+Awash> will continue to swing this YM trade intraday
[12:43] <+Nesi> nice YM read, Awash
[12:43] <+Awash> thanks, just following my system
[12:44] <+jigglyhippo> nesi really nice short man
[12:44] <+jigglyhippo> have you tightened your hard stop?
[12:45] <+Nesi> i covered already..
[12:45] <+jigglyhippo> ahh
[12:45] <+Nesi> 913
[12:45] <+Nesi> look above
[12:45] <+jigglyhippo> lol missed that
[12:45] <+jigglyhippo> vn
[12:45] <+Nesi> i am greedy but NOT that greedy
[12:45] <+PeterPanBoy> i leave here today see ya next time
[12:45] <+Nesi> later peter
[12:46] <+PeterPanBoy> bye
[12:46] <+jbuch> cya peter
[12:46] <+jigglyhippo> lat ppb
[12:46] <+PeterPanBoy> bye all
[12:47] <+Nesi> volatily increasing
[12:47] <+Awash> yep, selling thru support from PDL
[12:48] <@NihabaAshi_away> I'm back
[12:48] * NihabaAshi_away is now known as NihabaAshi
[12:59] <@NihabaAshi> Long ES @ 912.00 -> small size
[12:59] <@NihabaAshi> 2 only
[13:01] <@NihabaAshi> Exited all ES Long @ 911.25 --> - 0.75
[13:03] <+Awash> Covered 1/3 YM Short @ 8475 --> + 100
[13:04] <+Awash> still holding 1 contract on mini dow, the last one will be a runner and I'll probably cover toward the end of the session
[13:05] <+Nesi> long ES 911.00
[13:05] <@NihabaAshi> Long ES @ 910.75 -> small size
[13:05] <@NihabaAshi> 2 only
[13:06] <@NihabaAshi> intuition
[13:06] <@NihabaAshi> in reaction to price action of prior trade
[13:08] <@NihabaAshi> tighten stop
[13:10] <@NihabaAshi> Exited all ES Long @ 911.25 --> + 0.5
[13:18] <@NihabaAshi> Shorts ES @ 910.50 -> small size
[13:18] <@NihabaAshi> 3 only
[13:19] <@NihabaAshi> tighten stop
[13:20] <+jbuch> 3 inside bars on the 5 min thats rare
[13:22] <+Nesi> out ES 909.75 -1.25
[13:23] <@NihabaAshi>
[13:23] <@NihabaAshi> shallow pt
[13:25] <@NihabaAshi> Covered 2/3 ES Short @ 909.00 --> + 1.5
[13:25] <+Nesi> long ES 909.75
[13:28] <@NihabaAshi> Covered Remainder ES Short @ 909.75 --> + 0.75
[13:35] <+kosmipt> Long ES @ 910.25 «« simulator »»
[13:35] <+silo> anyone care to recommend a movie? to download
[13:36] <+kosmipt> btw i watched million dollar traders - all 3 episodes, looks very similar to Wall Street Warriors
[13:37] <+Nesi> out ES 909.75 flat
[13:39] <+Nesi> long ES 910.50
[13:39] <+jigglyhippo> Long ES @ 910.25
[13:43] <+jigglyhippo> Exited all ES Long @ 911.75 --> + 1.50
[13:43] <+jbuch> nice jh
[13:43] <+jigglyhippo> thanks jb
[13:43] <+jigglyhippo> was surprised i got that fill
[13:49] <+rickf> short es 911.75
[13:50] <+kosmipt> Exited all ES Long @ 911.75 --> + 1.5 «« simulator »»
[13:53] <+Nesi> out ES 910.50 flat
[13:53] <+rickf> out 910.50 +1.25
[13:54] <+rickf> would stay in but on a phone call and can't manage both
[13:57] <+Nesi> long ES 910.50
[13:58] <+kosmipt> Shorts ES @ 910.50 «« simulator »»
[14:01] <+Nesi> out ES 910.00 -0.50
[14:01] <+Nesi> short ES 909.75
[14:03] <+kosmipt> OIL new lows
[14:04] <+kosmipt> Covered all ES Short @ 908.50 --> + 2 «« simulator »»
[14:07] <+jbuch> what is the secret guys I see a lot of posts where the target or a fill occures before price goes past the entry price. I have had a couple of fills when momentum was really chugging torwards my target but other than I never get filled until the last transaction moves past my entry or exit.
[14:08] <+jigglyhippo> yeah same here...
[14:12] <+jigglyhippo> i guess it'll remain a secret lol
[14:12] <+jbuch> maybe we need to look for another provider JH
[14:12] <+Nesi> cover ES 909.00 +.75
[14:13] <+jigglyhippo> could be the reason..
[14:15] <+kosmipt> Long ES @ 909.50 «« simulator »»
[14:16] <+jigglyhippo> Shorts ES @ 909.25
[14:16] <@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.
[14:17] <+jigglyhippo> Covered all ES Short @ 908.50 --> + 0.75
[14:17] <+jigglyhippo> didnt like that trade
[14:27] <+Nesi> SHORT ES 908.50
[14:27] <+jigglyhippo> feel good about that nesi (caps) lol
[14:27] <+Nesi> sorry caps
[14:27] <+jigglyhippo> np just messing around
[14:28] <+kosmipt> Exited all ES Long @ 908 --> - 1.5 «« simulator »»
[14:32] <+jbuch> Long ES @ 907.75
[14:33] <+kosmipt> Long ES @ 908.75 «« simulator »»
[14:36] <+codehead> 906.50 is .618, so covering there
[14:38] <+Nesi> out flat 908.50
[14:38] <+jigglyhippo> very nice long jb
[14:38] <+Nesi> long ES 910.00
[14:40] <+jbuch> Exited all ES Long @ 910.25 --> + 2.5
[14:44] <+kosmipt> Long ES @ 909.75 -> Add «« simulator »»
[14:46] <+kosmipt> 912 tgt
[14:48] <werner> hi all
[14:48] <+jbuch> hey werner
[14:48] <@NihabaAshi> Price action needs to go higher before it can attract any volatility to help it move further higher or lower.
[14:49] <+werner> hi jbuch
[14:49] <+Nesi> its trying
[14:51] <+werner> Long NQ @ 1448.00
[14:52] <+Nesi> hi werner
[14:52] <+werner> hi nesi
[14:59] <@NihabaAshi> I'm expecting a volatility spike here soon
[14:59] <+werner> Exited all NQ Long @ 1449.75 --> + 1.75
[15:00] <+werner>
[15:00] <+jbuch> nice werner
[15:01] <+werner> thnx jbuch
[15:01] <+jbuch> turn that frown upside down
[15:01] <@NihabaAshi> It tried hard and I'm still expecting that volatility spike here soon
[15:03] <+kosmipt> Exited all ES Long @ 910.75 --> + 3 «« simulator »»
[15:04] <+werner> nice kos
[15:04] <+kosmipt> thx
[15:04] <+kosmipt> missed 912 by a tick
[15:04] <@NihabaAshi> no spike and volatility still declining
[15:05] <+jbuch> way to hang in there kos 912 was my original target as well
[15:06] <+OICU812> you use adx for volatility?
[15:06] <+kosmipt> i believe we're still in a down trend mode
[15:06] <+kosmipt> so expecting retest of lows
[15:07] <+Nesi> out ES 910.00 flat
[15:07] <+Nesi> short ES 909.75
[15:08] <+kosmipt> Shorts ES @ 910.25 «« simulator »»
[15:13] <+kosmipt> Shorts ES @ 909.25 -> Add «« simulator »»
[15:16] <@NihabaAshi> Long ES @ 910.50 -> small size
[15:16] <@NihabaAshi> 2 only
[15:16] <@NihabaAshi> sneaky price action
[15:16] <+kosmipt> Covered all ES Short @ 911 --> - 2.5 «« simulator »»
[15:16] <+Nesi> out ES 911.00 -1.25
[15:16] <+kosmipt> tough
[15:16] <@NihabaAshi> lets see if volatility can take it up to 912
[15:16] <+jigglyhippo> there it goes
[15:17] <+kosmipt> Long ES @ 911.75 «« simulator »»
[15:17] <+kosmipt> another short squeeze into the close?
[15:17] <+Nesi> long ES 911.75
[15:17] <@NihabaAshi> Exited all ES Long @ 912.00 --> + 1.5
[15:17] <+Nesi> chasing
[15:18] <+OICU812> profit taking
[15:19] <@NihabaAshi> Going to take a break with +11.50 ES points for the day (goal was +10 points)...
[15:19] <@NihabaAshi> Be back later.
[15:21] <+werner> wow nice
[15:21] <+rickf> ugh
[15:21] <+rickf> only 1.25 points today - too much happening here
[15:21] <+werner> its a +
[15:21] <+rickf> no complaints
[15:23] <+kosmipt> great wrbtrader
[15:24] <+kosmipt> yesterday's close was pretty choppy
[15:25] <+kosmipt> hope we'll get some more today
[15:25] <+Nesi> out ES 910.00 -1.75
[15:26] <+kosmipt> Exited all ES Long @ 910.25 --> - 1.5 «« simulator »»
[15:26] <Awash> a little bit over 40 minutes left in the session
[15:26] <+kosmipt> Shorts ES @ 909.75 «« simulator »»
[15:26] <+Nesi> short ES 909.75
[15:26] <+Awash> watching to see if we can break LOD
[15:27] <+kosmipt> Shorts ES @ 909.50 -> Add «« simulator »»
[15:28] <+Awash> usually by 2:30pm CST, I make decisions to exit any intraday swings
[15:29] <+OICU812> i'd like to see that too Awash
[15:29] <+Awash> i know
[15:30] <+Awash> although, i don't care if we get it or not, i only care about where we're trading at 2:30pm
[15:32] <+kosmipt> Covered all ES Short @ 911.75 --> - 4.25 «« simulator »»
[15:35] <+kosmipt> Long ES @ 911 «« simulator »»
[15:36] <+Awash> Covered all YM Short @ 8480 --> + 95
[15:36] <+Awash> flat on all YM positions
[15:37] <+werner> Long NQ @ 1450.00
[15:37] <+Awash> still holding short ES trade from last week
[15:37] <+werner> Long NQ @ 1450.50
[15:37] <+Awash> will continue to swing that position
[15:40] <drt> s es 12
[15:45] <+drt> cs es 12.50
[15:45] <+kosmipt> Exited all ES Long @ 912.50 --> + 1.5 «« simulator »»
[15:48] <+werner> Exited all NQ Long @ 1451.00 --> + 0.5
[15:48] <+werner> pffff can't hold it
[15:50] <+kosmipt> Shorts ES @ 911.25 «« simulator »»
[15:50] <+jigglyhippo> days almost over guys
[15:51] <Awash> taking off guys
[15:51] <+jigglyhippo> later awash
[15:51] <+Awash> happy trading remainder of session
[15:52] <+kosmipt> Covered all ES Short @ 910.50 --> + 0.75 «« simulator »»
[15:53] <+kosmipt> gn
[15:55] <@NihabaAshi> buyers not showing up to push this higher into the close...just selling.
[15:57] <+Nesi> bit of panic into close..imho
[16:00] <+rickf> still have an options trade on the ES futures ... very interesting to watch the price dynamics on it
[16:00] <@NihabaAshi> I don't want this chat room attracting the wrong type of traders.
[16:00] <+rickf> wrbtrader - good point
[16:00] <+jbuch> have a good night all
[16:00] <+rickf> cya
[16:01] <+jigglyhippo> later guys have a good night
[16:02] <+OICU812> i like it here cause everyone is futures trading
[16:02] <+OICU812> no stocks for me so i vouch for that rule
[16:02] <+rickf> yes - and generally low-noise, high-signal
[16:02] <+rickf> er "relevance" not "signal"
[16:03] <+OICU812> have a good evening everyone
[16:03] <@NihabaAshi> FYI - The global news events lately have been having a STRONG impact on the Emini and Eurex Futures.
[16:04] <@NihabaAshi> We need to pay attention to what's going on elsewhere especially if swing trading or trying to hold day trades most of the trading day.
[16:04] <+rickf> no kidding -- world events are unsettling to say the least
[16:05] <+Nesi> cover ES 907 +2.75
[16:05] <@NihabaAshi> I'm just realizing how much CHINA owns much of the U.S. economy.
[16:05] <+rickf> it's a symbiotic relationship -- they can't pull the plug on us because it'll hurt them too
[16:06] <+Nesi> kinda we depend of CHINA...imho
[16:06] <@NihabaAshi> We are all linked
[16:06] <@NihabaAshi> Yep
[16:10] <@NihabaAshi> Long ES @ 907.75 -> small size
[16:10] <@NihabaAshi> 1 only
[16:14] <@NihabaAshi> Exited ES Long @ 908.00 --> + 0.25
[16:22] <@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.
[16:44] <+werner> gn all
[16:52] <+rickf> short gbp/usd 1.6408

Go Back To TheStrategyLab.com Homepage