##TheStrategyLab Price Action Chat Room Logs

Note: The chat log below represents the free chat room called #FuturesTrades . Also, any trader can use the chat room to post their trades regardless if they use indicators or price action only trading (no indicators). Simply, we do not know what trading methods are being used by some members even though TheStrategyLab.com fee-base resources are price action only trading (no indicators).

Our primary job in the free chat room is to moderate the room (keep the peace) when members using different trading methods are giving their market analysis while posting trades. In addition, our presence in the chat room is 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 Jun 19 09:25:19 2009
Session Ident: #futurestrades
[09:25] * Now talking in #futurestrades
[09:25] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:27] <jbuch> good morning everyone
[09:28] <+jbuch> what a gap
[09:28] <rickf> all
[09:29] <drt>
[09:31] <@NihabaAshi> Good morning all.
Session Close: Fri Jun 19 09:32:37 2009

Session Start: Fri Jun 19 09:36:50 2009
Session Ident: #futurestrades
[09:36] * Now talking in #futurestrades
[09:36] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:37] <@NihabaAshi> Good morning all
[09:37] <Awash> good morning all
[09:38] <+rickf>
[09:40] <werner> long bias wrbtrader?
[09:40] <+jbuch> Shorts ES @ 921.75
[09:40] <+werner> lol
[09:44] <+jbuch> Covered all ES Short @ 922 --> - 0.25
[09:45] <+jbuch> Shorts ES @ 922.5
[09:45] <codehead> short 922.75 ES 6 ticks stop <paper>
[09:46] <+codehead> exit half +1.00 <paper> lower stop remainder 923.25
[09:47] <@NihabaAshi> werner...neutral
[09:47] <+werner> ok thnx
[09:48] <@NihabaAshi> wanted to see more volatility out of the gate but there's only declining volatility
[09:48] <+jbuch> Covered all ES Short @ 922.25 --> + 0.25
[09:50] <+codehead> exit remainder ES +1.50 <paper>
[09:51] <+jbuch> financials and es r movig in opposite directions
[09:52] <+jbuch> financials trending down es up
[09:54] <+codehead> yeah noticed that earlier too
[09:56] <+jbuch> tick is coming down as well
[09:56] <@NihabaAshi> Long ES @ 921.00 -> small size
[09:57] <@NihabaAshi> 3 only
[09:59] <@NihabaAshi> Exited all ES Long @ 921.50 --> + 0.5
[10:00] <jigglyhippo> Short ES @ 922
[10:00] <+jbuch> chop fest
[10:00] <+jigglyhippo> stop at 924
[10:04] <ItalianSharp> holy...volatility is horrible
[10:04] <+ItalianSharp> havent seen such an ugly chart in a long while
[10:04] <+werner> nq is the mover...divergence market
[10:05] <+Awash> have you ever seen it extremely volatile on the friday of quad witching?
[10:05] <+ItalianSharp> i saw decent quad witchings in the past
[10:05] <+codehead> NQ hit .500 bounce
[10:05] <+ItalianSharp> especially the most recent ones where ok to trade
[10:05] <+codehead> from recent highs to recent lows
[10:06] <+Awash> as far as the futures the settle on the open today, right?
[10:06] <+Awash> as far as the futures they settle on the open today, right?
[10:06] <+Awash> there's no trading in the June contracts anymore, right?
[10:06] <+ItalianSharp> yes
[10:06] <+ItalianSharp> its all on the new contract now
[10:07] <+Awash> i know
[10:07] <+Awash> i've only seen extreme volatility on a friday during the week of quad witching, one time in the past six years
[10:08] <silo> financials weakneing
[10:08] <+Awash> you get some early in the week but by friday it drys up
[10:08] <+jbuch> Shorts ES @ 921
[10:12] <+werner> you got him jbuch
[10:12] <+jbuch> Covered all ES Short @ 919 --> + 2
[10:13] <+werner> nice
[10:13] <+jigglyhippo> Covered all ES Short @ 918.50 --> + 3.5
[10:13] <+jbuch> thank u werner
[10:13] <+jbuch> beauty JH
[10:14] <+jigglyhippo> thanks jb
[10:14] <+werner> yep indd jh
[10:14] <+jigglyhippo>
[10:14] <+jigglyhippo> was thinking of trailing the rest but just got out, probably should have let it run
[10:15] <+jbuch> same here only had 1 contract
[10:15] <+jigglyhippo> ahh, had 2 contracts
[10:16] <+jbuch> and for today that seemed like a great runner especially urs
[10:17] <+jigglyhippo> first quad witching day for me
[10:21] <+werner> i have asking myself ,what the averge age here in this room is? mine is 46
[10:22] <+rickf> 36
[10:22] <TraderG> 54
[10:22] <+TraderG> I am the oldest so show some respect please )
[10:23] <+werner> average = 45
[10:23] <+werner> lol
[10:23] <+TraderG> hahaha
[10:23] <+TraderG> fast with the calc werner?
[10:23] <+werner> sssst
[10:25] <+TraderG> 42 by the ages of some of you that i know
[10:25] <+jbuch> 39 here but turning 40 next month
[10:26] <+werner> tx
[10:26] <+jbuch> I can post my address in case any one wants to send gifts
[10:26] <+TraderG> u were included jb
[10:26] <+werner> hihi
[10:27] <+TraderG> i'll send u a COLLECT gift. what do u want?
[10:27] <+jbuch> nice trend on xlf
[10:27] <+jbuch> oops didn't c ur comment TG
[10:28] <+werner> average= down to 43
[10:28] <+TraderG> 42 werner
[10:28] <+jbuch> but a nice trend on xlf would be a nice gift
[10:28] <+TraderG> read my comment
[10:28] <+TraderG> 42 based on 7 people
[10:28] <+werner> ok
[10:28] <+werner> 42
[10:29] <+TraderG> i wouldn't mind switching with the average
[10:29] <+jbuch> rick u must of been having babies when u were 10
[10:29] <+rickf>
[10:29] <+werner> lol
[10:30] <+jbuch> u said ur kids were grown and gone yesterday but ur only 36
[10:31] <+rickf> ummm not me
[10:31] <+TraderG> ;-)
[10:31] <+rickf> not kids
[10:31] <+rickf> no kids
[10:31] <+jigglyhippo> werner said soemthing like that i believe
[10:31] <+rickf> i am unbetrothed, unattached, unaccompanied
[10:31] <+jigglyhippo> i can bring your average down...23
[10:32] <+werner> my kid is 15
[10:32] <+werner> and one is 10
[10:32] <+jbuch> ok there we go
[10:32] <+TraderG> no I feel like a grandfather
[10:32] <+TraderG> now
[10:32] <pdays> Shorts ES @ 919.75
[10:33] <+werner> np TraderG
[10:34] <+TraderG> who says that we will close up 2day and who says down?
[10:35] <+rickf> i say we will close the day.
[10:35] <+rickf> that's a certain prediction i'm willing to make
[10:36] <+TraderG> just like between now and the close it will fluctuate
[10:36] <+jbuch>
[10:36] <+jbuch> it wi
[10:36] <+TraderG> common guys, let's gamble
[10:37] <+jbuch> up
[10:37] <+TraderG> dn
[10:37] <+jbuch> gotta 50 50 shot right and that is a big ol gap
[10:38] <+TraderG> yes it is
[10:38] <+TraderG> but around 80% of the gaps close
[10:39] <+TraderG> on the SPY atleast as far as i remeber my stats
[10:39] <+jbuch> yes but the larger ones r the ones that make up that 20 %
[10:39] <+jbuch> in general
[10:42] <+TraderG> it's funny that people will take a position against the trend (= pure gambling) but will not even try and have some fun by guessing the direction of the day (
[10:47] <@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.
[10:47] <+jbuch> Long ES @ 920
[10:49] <+jbuch> Exited all ES Long @ 921 --> + 1
[10:49] <+jbuch>
[10:55] <+rickf> back later - gym
[10:56] <+pdays> Covered all ES Short @ 919.5 --> + 0.25
[10:56] <+TraderG>
[10:56] <+TraderG> maybe
[11:04] <+pdays> Shorts ES @ 922.5
[11:09] <Bambam-77> pos es trgt 24.5 plan your trade and trade your plan this is range exption the other side of 30 min open range 921 must hold to get trgt
[11:12] <+pdays> Covered all ES Short @ 921.75 --> + 0.75
[11:16] <OICU812>
[11:17] <+werner> oic
[11:34] <+jigglyhippo> Shorts ES @ 920
[11:34] <+jigglyhippo> stop 923
[11:36] <+jbuch> Long ES @ 919.5
[11:41] <+OICU812> nice entry jbuch
[11:41] <+jbuch> thanks OIC
[11:45] <+jbuch> Exited all ES Long @ 919.5 --> 0
[11:55] <+jbuch> Long ES @ 918.75 -> large size
[11:57] <+jbuch> oops didn't mean to post large size just 2
[11:57] <+jbuch> which is large for me
[12:05] <+OICU812> im with you on this one jbuch
[12:05] <+OICU812> although i think it might retest 18
[12:06] <+jbuch> Exited 1/2 ES Long @ 919.5 --> + 0.75
[12:06] <+jbuch> doesn't look to hot
[12:07] <+OICU812> i scaled 19.75
[12:08] <+jbuch> really this is starting to look like a good short
[12:08] <+jbuch> Exited all ES Long @ 918.75 --> 0
[12:11] <+jigglyhippo> Exited 1/2 ES Long @ 918 --> + 2
[12:11] <+jigglyhippo> sorry
[12:11] <+jigglyhippo> Covered 1/2 ES Short @ 918 --> +2
[12:11] <+jbuch> beauty
[12:12] <+jigglyhippo> thanks
[12:13] <+OICU812> well i think i missed that short
[12:13] <+OICU812> but what a beauty
[12:14] <+jbuch> yup blinded by my long shoulda reversed it
[12:14] <+jbuch> shoulda woulda coulda
[12:14] * silo is now known as fergi
[12:15] <+jbuch> hey fergi
[12:15] <+fergi> :D
[12:18] <+codehead> long 1c ES 917.25 <paper>, stop 914.25, target 919.25
[12:18] <+codehead> just testing something on this
[12:19] <+codehead> will not take it off early--one hits or the other
[12:19] <+codehead> except for time limit--exit if it takes too long (30 min)
[12:19] <+OICU812> trying a long again jbuch
[12:20] <+OICU812> lets see if it works this time
[12:20] <+jbuch> was trying to catch it at 917 sat on my entry but no fill
[12:21] <+jbuch> don't know if I want it if it gets back to it
[12:23] <+codehead> gap likely fills
[12:23] <+codehead> 913.25
[12:23] <+codehead> is .500 retracement also
[12:23] <+jigglyhippo> Covered all ES Short @ 916 --> + 4
[12:23] <+jbuch> BBL
[12:23] <+jbuch> NICE jh
[12:23] <+jigglyhippo> thanks jb
[12:24] <+jigglyhippo> wouldve let it run
[12:25] <+jigglyhippo> but getting hungry
[12:26] <+OICU812> i guess not time for longs yet
[12:27] <+jigglyhippo> would have had a trail stop for like 912-914 area
[12:27] <+jigglyhippo>
[12:32] <+OICU812> giving it another try 915.00 long
[12:42] <+OICU812> lets see if it finally goes this side
[12:47] <+OICU812> still does not look good
[12:47] <+fergi> anyone good with excel?
[12:48] <+OICU812> ok exited all 915.25
[12:48] <+OICU812> +.25
[12:53] <@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.
[12:53] <+Bambam-77> below 16.25 maintaing short side for now
[12:53] <+Bambam-77> trail stps set at 17.50 area
[13:04] <+OICU812> tried long again 914.25
[13:06] <+codehead> long 2c ES 914.25 <paper> 912.5 stop
[13:08] <+Bambam-77> lets see if we can tag the 13 area 2x range exp trgt
[13:09] <+codehead> 913.25 is gap fill and .500 retracement
[13:09] <+Bambam-77> and our gap fill area
[13:09] <@NihabaAshi> Long ES @ 914.75 -> small size
[13:09] <@NihabaAshi> 2 only
[13:11] <+Bambam-77> can only think of longs as scalps for now till we blose above 15.5
[13:11] <+werner> Long NQ @ 1464.50
[13:13] <+werner> Exited all NQ Long @ 1466.50 --> + 2
[13:13] <Nesi> hi all
[13:13] <+werner> hi
[13:14] <+codehead> exit half ES +1.25 <paper>
[13:14] <+OICU812> first scale 915.5
[13:16] <+OICU812> 13.75 my full stop
[13:20] * +Nesi shorts ES 915.00 2c
[13:20] <@NihabaAshi> Exited all ES Long @ 915.00 --> + 0.25
[13:21] <@NihabaAshi>
[13:21] <+OICU812> i think thats the right side to trade too NihabaAshi
[13:21] <+OICU812> im going to try to hold mine a bit longer
[13:24] <+Bambam-77> ss still in tact manage trde if we can not find buyer we churn
[13:30] * +Nesi covers ES 915.25 -.25
[13:32] <@NihabaAshi> Long ES @ 915.50 -> small size
[13:32] <@NihabaAshi> 2 only
[13:33] <+codehead> exit ES +2 remainder <paper>
[13:34] <+codehead> tho 917.25 is .382, then final (short term) at 918.25-918.5
[13:34] <+Bambam-77> still using 17.5 as shop for ss swing
[13:34] <+codehead> .500 and symmetry
[13:34] <+codehead> but i'm reading and don't want ot track it
[13:35] <+Bambam-77> looking add to ss 17 area
[13:36] <+codehead> 917.25 (.382 retracement) hit
[13:36] <+Bambam-77> in 2 lots 17
[13:37] * +Nesi shorts ES 916.25 2c
[13:38] <@NihabaAshi> Exited all ES Long @ 916.25 --> + 0.75
[13:39] <OICU812> back
[13:39] <+OICU812> scaled again 916.5
[13:43] <+rickf> back
[13:44] <+Bambam-77> we have 1 more single print left in the MP at 17.5
[13:45] <@NihabaAshi> Shorts ES @ 916.00 -> small size
[13:45] <@NihabaAshi> 1 only
[13:46] <+Bambam-77> +2 1 lot
[13:46] <@NihabaAshi> Covered ES Short @ 914.75 --> + 1.25
[13:46] <+Bambam-77> 2 left
[13:47] <+OICU812> im still on the long side
[13:47] <+Bambam-77> 16.25 stp
[13:47] <+Bambam-77> 16.75
[13:47] <+Bambam-77> this is my runner
[13:48] <+OICU812> if it does not break 917 i exit all
[13:50] <+Bambam-77> they have 10 min to show there hand
[13:52] <+Bambam-77> 15.5 is our pivot
[13:54] * +Nesi covers ES 916.25 flat
[13:57] * +Nesi shorts ES 915.75
[13:57] <+Nesi> 2c
[13:58] <+Nesi> oil lower
[14:00] <+OICU812> ok all out 915.25
[14:00] <+OICU812>
[14:00] <+OICU812> :`(
[14:06] <+Bambam-77> if projection work out we should see 08 area 1500 hrs 17 is key area
[14:06] <+Bambam-77> still hold last 2 lots
[14:09] <+OICU812> i think this is it for me today
[14:10] <+Bambam-77> 1 hr left to trgt will take anothe off at 13 area
[14:10] <tomosyn57> Shorts SSO @ 26.18
[14:11] <+tomosyn57> exit stop set SSO @ 26.16
[14:12] <+tomosyn57> exit stop lowered SSO @ 26.14
[14:13] <+Bambam-77> +4 locked in
[14:14] <+tomosyn57> exit stop lowered SSO @ 26.13
[14:14] <+Bambam-77> 16.5 last lot stp
[14:15] <+tomosyn57> exit stop lowered SSO @ 26.11
[14:16] <+rickf> FINRA says leveraged ETFs unsuitable for anything but day trading
[14:16] <+tomosyn57> exit stop lowered SSO @ 26.08
[14:16] <+rickf> ie SSO, SDS, ultrashort/longs
[14:18] <+tomosyn57> Trailing Stop Hit SSO @ 26.08 --> + 0.1
[14:22] <+tomosyn57> interesting article on long term buy/hold issues with leveraged etf's
[14:22] <+tomosyn57> http://www.barclaysglobal.com/secure/re ... ed_ETF.pdf
[14:24] <+OICU812> have a good weekend everyone
[14:24] <+rickf> cya
[14:24] <+werner> dito
[14:27] <+werner> mmm
[14:28] <+werner> Give me a chart and I'll trade it.....
[14:29] <+Bambam-77> moving stp to 15 area from 16.5
[14:30] <+Nesi> having lots of patience right now...
[14:32] * +Nesi covers ES 913.00 + 2.75
[14:32] * +Nesi buy ES 913.00
[14:34] <+rickf> short es 914 (paper)
[14:35] <+rickf> 913.75 typo
[14:38] <+rickf> out 912.50 +1.25 (paper)
[14:38] * fergi is now known as silo
[14:48] * +Nesi out ES 912.75 -.25
[14:54] <+rickf> tempted to short again but this last hour means the "games a-foot"
[14:56] <@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.
[15:01] * +Nesi buys ES 914.25
[15:03] <+Bambam-77> flat the swing 15
[15:10] <+silo> futures chart. 30min trendline, daily trendline. if these are broken. should signify the confirmation of a retrac
[15:17] <+werner> nice wk all see you next week
[15:17] <+Awash> Shorts ES @ 915 «« paper »»
[15:20] <+jbuch> Hello all
[15:21] <TraderG> did u fall off a horse
[15:21] <+jbuch> had some last minute things to pack for the trip
[15:22] <+Awash> Shorts ES @ 917 -> Add «« paper »»
[15:22] <+Awash> Average: 916
[15:23] * +Nesi out ES 916.25 + 2
[15:24] <+Nesi> i am + 8.5 points for today, reached my goal
[15:24] <+Nesi> will watch now
[15:25] <+Awash> nice stuff Nesi
[15:26] <+Awash> buy limit to cover ES short @ 913 «« paper »»
[15:26] <+jbuch> u rconsistently meeting ur goal
[15:26] <+Bambam-77> wtg
[15:26] <+jbuch> thats awesome
[15:40] <+jbuch> have a good weekend all
[15:44] <@NihabaAshi> sneaky price action right now
[15:44] <@NihabaAshi> Long ES @ 918.00 -> small size
[15:45] <@NihabaAshi> 2 only
[15:47] <@NihabaAshi> Exited all ES Long @ 916.75 --> - 1.25
[15:48] <+Awash> Covered all ES Short @ 916 --> 0 «« paper »»
[15:48] <+Awash> canceled all open orders
[15:51] <+jbuch> Shorts ES @ 917
[15:51] <@NihabaAshi> Shorts ES @ 916.25 -> small size
[15:51] <@NihabaAshi> 3 only
[15:52] <+jbuch> Covered all ES Short @ 916.75 --> + 0.25
[15:55] <@NihabaAshi> Covered ES Short @ 916.75 --> - 0.5
[15:55] <@NihabaAshi> Shorts ES @ 916.75 -> small size
[15:55] <@NihabaAshi> 3 only
[15:57] <+Awash> good night all
[15:57] <+Awash> have a good weekend, will be on vacation for the next few days
[15:57] <+tomosyn57> Shorts SSO @ 26.28
[15:57] <+Awash> see you when i get back
[15:57] <+Awash> later all
[15:57] <+jbuch> c ya have a good vaca
[15:58] <+Awash> k
[15:58] <+Awash> later all
[15:58] <+tomosyn57> Covered all SSO Short @ 26.23 --> + 0.05
[15:59] <@NihabaAshi> Covered all ES Short @ 916.00 --> + 0.75
[15:59] <@NihabaAshi> Shorts ES @ 916.50 -> small size
[15:59] <+jbuch> really leaving this time have a good weekend all
[15:59] <@NihabaAshi> 3 only
[16:00] <+rickf> quitting time
[16:00] <+jigglyhippo> have a good weekend all, back on monday
[16:00] <+rickf> cya
[16:01] <@NihabaAshi> glad I didn't give up on that Short after seeing them rudely take my trailing stop @ +0.75 on the prior Short
[16:04] <+rickf> have a good w/e all ... stay cool / dry and see you next week
[16:05] <@NihabaAshi> tight trailing stop
[16:07] <@NihabaAshi> looking for an exit but price action keeps telling me 913.75
[16:11] <@NihabaAshi> Covered all ES Short @ 915.00 --> + 1.5
[16:14] <@NihabaAshi> Missed too much of the trading day to reach my goal for the day of +8 ES points but I got close via +7.50 ES points.
[16:15] <@NihabaAshi> Got greedy on the last trade and should'uv exit at the profit target of 914.25
[16:15] <@NihabaAshi> thought I could get more
[16:47] <@NihabaAshi> Take care all and have a nice weekend...good price action the early part of the week and then it slowed down as usual towards the latter part of the week as expected for a Quadruple Witching week.
[17:02] <@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.
[19:08] <@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: Fri Jun 19 19:21:39 2009

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