##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: Thu Jun 18 08:19:01 2009
Session Ident: #futurestrades
[08:19] * Now talking in #futurestrades
[08:19] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[08:20] <@NihabaAshi_away> Good morning...no trading this morning for me due to personal appointment and I may or may not trade in the afternoon trading session.
[08:21] <@NihabaAshi_away> Take care and good trading today for you.
[08:21] <pat255> fm N
[08:21] <+pat255>
[08:21] <+pat255> k ...hope all is well with you
[09:07] <Nesi> Up Next 9:30am USD
[09:07] <+Nesi>
[09:07] <+Nesi> Treasury Sec Geithner Speaks
[09:08] <+Nesi> Due to testify on restructuring the financial system before the Senate Banking Committee, in Washington DC;
[09:08] <+Nesi> .
[09:08] <+Nesi> 10:00am USD
[09:08] <+Nesi>
[09:08] <+Nesi> Philly Fed Manufacturing Index
[09:08] <+pat255> hi nesi 7 thks
[09:09] <+Nesi> 1:30pm Treasury Sec Geithner Speaks
[09:09] <+Nesi> so twice today
[09:21] <stick2it> all, and good trading...
[09:27] <jbuch> geithner is speaking at the openinig
[09:29] <drt> all
[09:30] <Nesi> hi all
[09:30] <+Nesi> yes
[09:31] <jigglyhippo> all
[09:35] <werner> all
[09:38] * +Nesi short ES 906.50 2c
[09:41] * +Nesi cover ES 904.00 +2.50
[09:41] <Awash> good morning all
[09:41] <+jbuch> vn nesi
[09:41] <+Nesi> thx
[09:42] <+Nesi> 5 points, goal reached
[09:42] <+Nesi> i wont overtrade today , i have to keep this discipline
[09:43] <+jigglyhippo> nice nesi
[09:43] <+jigglyhippo> met the goal early
[09:43] <+Nesi> yup
[09:44] <baxwill> Does over treading mean taking too many good trades?
[09:45] <+baxwill> or tating too many poor trades
[09:45] <+jbuch> nesi is trying to leave some for the rest of us
[09:45] <+jigglyhippo> lol
[09:45] <+Nesi> in my case, poor trades
[09:45] <+baxwill> Great
[09:46] <+Nesi> i get caught in choparola ranges and i dont do well in that area
[09:47] <+baxwill> ok, thats my prob too, I hav got to find ways to take only good trades
[09:47] <+jbuch> )
[09:48] <+jbuch> I think that that is everyones problem
[09:48] <+baxwill> I know, just trying to understand concept of overtrading
[09:49] <+baxwill> with a bit of humor tossed in
[09:49] <+baxwill> Good trades are simple, just watch what jbuch trades
[09:51] <+jbuch> now that is some humor )
[09:51] <pdays> Shorts ES @ 907.5
[09:51] <+pdays> Covered all ES Short @ 906.75 --> + 0.75
[09:51] <+jigglyhippo> fast trade pdays
[09:52] <@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.
[09:59] <+jigglyhippo> jeez
[10:00] <+Awash> nice rally on volume
[10:00] <+Awash> economic news?
[10:00] <+jigglyhippo> wouldve been a nice long
[10:00] <+jigglyhippo> not sure
[10:00] <+jigglyhippo> geither is like testifying right?
[10:00] <+jigglyhippo> geithner
[10:00] <OICU812> Good morning
[10:02] <+Nesi> here is a website with all the news....etc
[10:03] <+Nesi> http://www.forexfactory.com/index.php?s ... tomorrow=1
[10:03] <+Nesi> each day i go there and i look what can move the markets...etc
[10:05] <+Awash> Shorts YM @ 8500
[10:11] <kosmipt>
[10:11] <+OICU812> Short ES 915.00
[10:14] * +Nesi short ES 915.00
[10:14] <+Nesi> no mimic trade...OIC..just my trade also
[10:14] <+Nesi> i was trying to get 915.50
[10:15] * +Nesi out ES 916.00 -1
[10:16] <+kosmipt> Shorts ES @ 915.50 «« simulator »»
[10:16] <+kosmipt> weak resistance
[10:16] * +Nesi short ES 915.50
[10:16] <+Nesi> 2c
[10:17] <+OICU812> Out BE
[10:17] <+pat255> dang just too strong
[10:17] <+Nesi> yes
[10:17] <+Nesi> i feel i am it
[10:17] <+Nesi> i have hard stop at 916.50
[10:19] <+OICU812> one more try short 15.75
[10:19] <+jbuch> hard to take a short efter that but it feels overextended so hard to take a long as well
[10:19] <+OICU812> 1.0 point stop for now
[10:19] <+Nesi> same feel here jbuch, but i took it
[10:21] <+Awash> a few tails on the candles at the highs for ES
[10:21] <+Awash> let see if we stall here
[10:22] <+Awash> coupled with increasing volume
[10:23] <+OICU812> 14.75 Scale out
[10:24] <+Nesi> moved my stop to breakeven
[10:25] <+Awash> this area on ES is still Resistance from prior day
[10:26] <+OICU812> 13.75 another scale and will try to let the rest run more
[10:27] <+OICU812> see if we break 913.00
[10:29] <+kosmipt> Covered all ES Short @ 914.25 --> + 1.25 «« simulator »»
[10:30] <+jbuch> Long ES @ 914.25
[10:32] <+Awash> so far, momemntum slowed here, good overhead supply in this area
[10:34] * +Nesi out ES 915.00 +0.50
[10:34] <+kosmipt> eurex dax broke its highs, ES not following
[10:34] <+werner> Long NQ @ 1454.75
[10:34] <+werner> late
[10:36] <+Awash> Shorts YM @ 8520 -> Add
[10:36] * +Nesi shorts ES 913.50
[10:36] <+Awash> average is 8510
[10:39] <+jigglyhippo> in a tight range now, dont feel comfy in any trades =/
[10:40] <+OICU812> still holding a part of my short
[10:40] <+OICU812> but it really got stuck
[10:40] <+Awash> Jiggy, why aren't you comfortable?
[10:40] <+jigglyhippo> still waiting to see if it breaks 913 right
[10:40] <+Nesi> same feel here
[10:40] <+Nesi> if drops...imho..it will drop fast
[10:40] <+jigglyhippo> i feel like it can go anyway if i was in a trade right now id be happy witha .50-.75 profit
[10:40] <+Nesi> imho
[10:41] <+jbuch> Exited all ES Long @ 913.25 --> - 1
[10:41] <+jigglyhippo> broke 913 oic
[10:41] <+OICU812> ok here we go
[10:41] <+Awash> anyway?, isn't the charts saying it should go down?
[10:41] <+werner> Exited all NQ Long @ 1452.50 --> - 2.25
[10:41] <+pat255> seen it so many times moves up like that takes a while to go down ..
[10:43] <+OICU812> all out of the short 912.00
[10:43] <+Nesi> nice management of that trade...OIC
[10:43] <+OICU812>
[10:43] <+jigglyhippo> nice trade
[10:43] <+jbuch> vn oic
[10:44] <+OICU812> thank you
[10:46] <+Nesi> watching IF takes 911.50
[10:46] <+Nesi> imho..that may get more down pressure
[10:46] <+Awash> the pullback traders are going to step in a buy soon
[10:46] <+Awash> a = and
[10:48] <+jigglyhippo> Long ES @ 912.25
[10:50] <+Nesi> 911.50 area, lets see
[10:52] <+jigglyhippo> Exited all ES Long @ 912.25 --> 0
[10:52] <+jigglyhippo> terrible trade
[10:52] <+jigglyhippo> =/
[10:54] <+Nesi> come on, take 11.50
[10:56] <+Awash> this 911 area is the 38% retracement level from high to low
[10:59] <+werner> Shorts NQ @ 1451.50
[11:01] * +Nesi out ES 912.50 +1
[11:01] <+Nesi> tired of this price action
[11:01] <+Nesi> will wait it out
[11:05] <+werner> Shorts NQ @ 1453.50 -> Add
[11:10] <+jbuch> Shorts ES @ 913
[11:13] <+werner> Covered all NQ Short @ 1451.75 --> + 1.5
[11:13] <+werner> pfff
[11:19] <+jbuch> Covered all ES Short @ 913.75 --> - 0.75
[11:23] <+werner> Shorts NQ @ 1453.50
[11:30] <+werner> Covered all NQ Short @ 1452.00 --> + 1.5
[11:30] <+jbuch> tried to catcha short there sat on my limit for abour 30 seconds no fill
[11:31] <+werner>
[11:31] <+jbuch> man is geithner on all day or what
[11:31] <+werner> i do not know
[11:33] <+jbuch>
[11:34] <+werner> i think a take a break too ..whit a glas of wine in the garden,jam jam
[11:35] <+werner>
[11:36] <+Awash> failure to set new high on ES, followed by double top pattern
[11:36] <+Awash> lets see if we trade below 911 on ES & 8490 on YM
[11:55] <+Awash> no breakdown yet
[11:55] <+pat255> awsh u still in S?
[11:56] <+Awash> yes
[11:56] <+jbuch> Long ES @ 912
[11:56] <+Awash> are you pat255?
[11:56] <+pat255> hmmm?
[11:57] <+pat255> yes awash
[11:57] <+pat255> ty
[11:57] <+Awash> what's your strategy if we don't trade lower?
[11:58] <+jbuch> down trend line is at 914 ish
[11:58] <@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.
[11:59] <+jigglyhippo> nice entry
[11:59] <+Awash> is that downtrend line from today only or a combination of several days?
[11:59] <+pat255> awash I am biased S but will wait
[12:00] <+jbuch> Exited 1/2 ES Long @ 914 --> + 2
[12:00] <+jigglyhippo> ^ jb
[12:00] <+Awash> i am too, all my trades have been short for the month of June, i've had no long positions
[12:00] <+pat255> this am move spooked me
[12:01] <+jbuch> about time
[12:01] <+Awash> why?
[12:01] <+pat255> did not expect that fast move ..but news driven
[12:02] <+Awash> you know that's not uncommon nowadays with the ES
[12:02] <+jbuch> exit stop set ES @ 912.75
[12:02] <+pat255> yes ..
[12:02] <+Awash> the big thing to be concerned about is to know how to react and trade when those conditions arise
[12:03] <+Awash> if you keep trading, you're going to see pops like that again, i promise you
[12:03] <+pat255> yes so true
[12:03] <+Awash> just be ready for it
[12:04] <+pat255> hate to add to a losing position but need to live with ti
[12:04] <+Awash> there's nothing wrong with that if that's your entry strategy
[12:05] <+Awash> but if it's not your trading strategy than I would hate adding to a losing position
[12:05] <+pat255> I see your entrie now ..& they work
[12:06] <+Awash> i'll usually scale into a position on a reversal trade
[12:06] <+pat255> thks awash sorry need to leave for offce ..
[12:06] <+Awash> see you soon
[12:06] <+pat255> sorry ...but will cehckk with u next time
[12:10] <+jbuch> supply line is holding
[12:14] <codehead> short 2c ES 914.00 <paper>
[12:14] <rickf> gday all
[12:15] <+codehead> hi rick
[12:16] <+codehead> stop 915.25 ES <paper>
[12:21] <+codehead> exit ES 1c +1.00 <paper>
[12:22] <+jbuch> Exited Remainder ES Long @ 912.75 --> + 0.75
[12:23] <+codehead> stop 914.00 remainder <paper>
[12:25] <+codehead> exit ES remainder +1.00 <paper>
[12:34] <+jbuch> broke the wedge but without much conviction
[12:41] <+rickf> listless market today after that pop up at the open
[12:41] <+jbuch> testing the top of the wedge
[13:00] <+rickf> short es 916
[13:05] <+rickf> out 915.50 +.50
[13:11] <+Nesi> wrbtrader no trading today?
[13:11] * +Nesi short ES 916.75
[13:12] <GoodMood> [14:20] <NihabaAshi_away> Good morning...no trading this morning for me due to personal appointment and I may or may not trade in the afternoon trading session.
[13:12] <+Nesi> thanks
[13:17] <+Nesi> Treasury Sec Geithner Speaks at 1:30 again
[13:17] <+Nesi> just in case
[13:20] <+jbuch> rickf i am thinking that i need to switch over to whoever ur broker is. u went short at the high of the bar ([11:00:33] <+rickf> short es 916 ), and then u got out at the low of that range price never went past ur exit point.
[13:20] <+Nesi> i have the same broker...jbuch
[13:20] <+Nesi> OEC
[13:20] <+rickf> ToS and OEC
[13:20] <+rickf> I waffle between the two right now trying to figure which one to go with
[13:21] <+rickf> who are you with?
[13:21] <+jbuch> i miss about ten entries and exits with trade station because of no fills when price doesn't go past my entry or exit
[13:21] <+jbuch> who r u with
[13:21] <+rickf> >> rickf: ToS and OEC
[13:22] <+rickf> never used tradestation
[13:22] <TraderG> ToS ??
[13:22] <+rickf> think or swim
[13:22] <+Nesi> the charting of TS is nice
[13:22] <+TraderG> thnks
[13:22] <+rickf> i'd give TS a try but they don't offer demos and i refuse to fund an account just to satisfy my curiosity
[13:23] <+Nesi> i think the same
[13:23] <+jbuch> who do u usually use rickf tos or oec
[13:23] <+rickf> right now today TOS
[13:24] <+rickf> i am finding some of the charting quirky in OEC ... the TOS charts are gorgeous and very extensible
[13:24] <+jbuch> yes there charting is nice they don't have a bunch of things that i would like to use but to lazy to move
[13:24] <+rickf> hehe i hear you
[13:24] <+rickf> the scripting isn't too bad
[13:25] <+rickf> plus they're moving towards more strategy trading capabilities via the platform
[13:25] <+codehead> 919.5-919.75 will be a major resistance
[13:25] <+jbuch> yeah that is the main reason to use them
[13:25] <+jbuch> i can't write code to save my life so it wasted on me
[13:25] <+rickf> same here
[13:26] <+rickf> tho there are a few ToS s out there who have sites full of scrupts, strategies, examples and such
[13:26] * +rickf learned quite a bit
[13:26] <+jbuch> trader g u use oec right
[13:26] <+TraderG> IB
[13:27] <+jbuch> oh
[13:27] <+rickf> only reason i am still using OEC right now is the commish is a bit nicer for futures
[13:27] <+jigglyhippo> you can route trade signals via TS to OEC's AutoX right
[13:28] <+rickf> but i hate having 2 platforms up, one of which requires me running virtual xp to use
[13:28] <+rickf> jigglyhippo: yes i think so
[13:29] <+Nesi> you can get Esignal for charting with OEC..fwiw
[13:31] <+rickf> i really thought TS was the way to go -- wanted to do backtesting and such ... but i found their no-demo policy ... and their spam-email practices discouraging
[13:31] <+rickf> so i dabbled with NT thru another broker's demo site for a few weeks
[13:31] <+rickf> before i gave up trying to automate my own black box lol
[13:33] <+codehead> i haven't coded for NT yet, got it recently tho, looking at coding for it
[13:34] <+codehead> i've done a bit of esignal
[13:34] <+rickf> never coded - just used the wizards and point-and-click stuff
[13:35] <+codehead> short ES 916.75 <paper>
[13:36] <+codehead> stop 1.5
[13:36] <+Nesi> my stop is at 918
[13:36] <+codehead> 919.5 a higher probability short if it gets there
[13:37] <+rickf> short es 915.75 (paper)
[13:37] <+rickf> testing
[13:38] <+codehead> exit half +1.00 <paper>
[13:38] <+OICU812> ok here comes the move down i was waiting for
[13:38] <+OICU812> hopefully
[13:38] <+OICU812> if we break 915
[13:38] <+jigglyhippo> what did you get in at oic
[13:39] <+codehead> exit remainder es +1.50 <paper>
[13:39] <+Nesi> moved my stop to breakeven 916.75
[13:39] <+Nesi> lets see if markets allow me to juice it
[13:41] <+OICU812> from the 917.00 area jigglyhippo
[13:41] <+jigglyhippo> nicee
[13:41] <+OICU812> will give it one more swing
[13:41] <+OICU812> to see if it goes
[13:42] <+rickf> the TOS DOM is a little weird to get used to ... P&L is a column of prices not a single field that updates as price changes
[13:42] <+rickf> am used to the OEC DOM with the PL in the upper right - clear and quick to read
[13:43] <+jigglyhippo> OEC PL is so simple to read
[13:43] <+jigglyhippo>
[13:43] <+rickf> i know i like that
[13:46] * +Nesi out ES 916.25 +0.50
[13:50] <+OICU812> still holding my short, have one scale in it
[13:51] * +Nesi shorts ES 916.00 2c
[13:51] <+Nesi> 13:50ET Geithner hearing on bank reforms is postponed
[13:51] <+Nesi> fwiw
[13:56] <+OICU812> this is taking forever
[13:56] <+Nesi> yeah
[13:56] <+rickf> no kidding
[13:57] <+rickf> vol just disappeared?
[13:57] <+Nesi> bit of mojo now
[13:59] <+Nesi> oil spiking a bit
[13:59] <+rickf> out a t915.25
[13:59] <+rickf> +.50
[13:59] <+rickf> paper
[14:00] <+Nesi> moved my stop to 916 breakeven just in case
[14:01] <+OICU812> one more scale 915.00
[14:01] <+Nesi> vn
[14:01] <@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.
[14:02] <+OICU812> patience pays off
[14:02] <+Nesi> big time
[14:03] <+rickf> vn
[14:06] <+OICU812> just got out 914.25
[14:09] <+rickf> long es 913.50 paper
[14:09] <+Nesi> i moved my stop to 915.50 for +0.50 just in case... trying to juice it
[14:10] <+Nesi> OIC do you see next support area?
[14:11] <+OICU812> 911
[14:11] <+Nesi> thanks
[14:12] <+Nesi> oil coming down a bit
[14:12] <+Nesi> moved my stop to 915 now..fwiw
[14:13] <+OICU812> i guess i bailed out on my short too early
[14:13] <+OICU812>
[14:13] <+Nesi> easy to say after the fact
[14:14] <+OICU812> yep
[14:15] <Awash> oicu812, do you usually have preset price targets
[14:15] <+codehead> 912.25 is symmetry and .382, so expect bounce there
[14:15] <+Awash>
[14:16] <+Awash> good eye, codehead
[14:16] <+codehead> sorry, was late posting it here, posted elsewhere and forgot here
[14:17] <+Awash> still, good eye, i've dozed off from the screens and have been reading magazines
[14:18] <+codehead> yeah, i was short 917.25 and didn't have enough patience ot hold for much :-/
[14:18] <+Awash> why don't you have patience?
[14:18] <+codehead> um, cuz i lack it?
[14:19] <+codehead> i think i was hoping for short at 919.50 too much
[14:19] <+codehead> and just scalped that trade instead of giving it room
[14:19] <+rickf> out 914.50 +1 paper
[14:19] <+Awash> is there anything you can do to acquire patience?
[14:19] <+codehead> working on the patience thing--i have it for stocks, just not futs
[14:19] <+codehead> i think just take the trades
[14:20] <+codehead> i've been looking at trades with fixed targets/stops
[14:20] <+rickf> for me it's realizing that being flat is a position too .... and to embrace "being flat" as my default trading position for futures
[14:20] <+codehead> see if i can just set them and walk away for a while
[14:20] * +Nesi cover ES 915.00 +1
[14:20] <+codehead> and let either one hit (one cancels all orders)
[14:20] <+rickf> that's my 'equilibrium' -- when i am in a trade i am deviating from the norm
[14:20] <+rickf> pop science
[14:20] <+Awash> i understand
[14:20] <+Nesi> look at that..took me out..and went back down :/
[14:21] <+Awash> codehead, do you trade mutliple cars?
[14:21] <+codehead> did, but right now just 1c
[14:21] <+Awash> okay
[14:22] <+Awash> it's a lot easier to practice being patient with two cars
[14:22] <+codehead> that short at 917.25 in particular i wanted to leave room to add at 919.50 if it broke out
[14:22] <+Awash> with one it's difficult
[14:23] <+Awash> you did bank some points overall
[14:23] <+Awash> you won't go broke taking profits
[14:23] <+codehead> but i haven't traded multiple for a couple of weeks, so need ot work back to it, after one particular beating a couple weeks ago on 2c NQ and 2c ES at the same time, when news hit
[14:23] <+Awash> just don't let the trades run against you by 4, 6, or 8 points
[14:24] <+Awash> take your time
[14:24] <+Awash> it'll all come
[14:24] <+codehead> yes, the stops are big
[14:25] <+codehead> actually, my mentor doesn't use stops, and i got the pummeling on setups he gave me to take--after that, i told him i had to use stops
[14:25] <+Awash> can i make one recommendation to you?
[14:25] <+codehead> yes please
[14:26] <+Awash> if you trade one contract live trading, i recommend that simultaneously you execute the same trade with two contracts in the simulator
[14:26] <+codehead> ok
[14:27] <+Awash> that way when you move up to two contracts live trading, you've already practiced the strategy of trading with two
[14:27] <+codehead> ic
[14:27] <+rickf> and realize the increased $$$ you see
[14:27] <+rickf> so you dont get scared
[14:27] <+codehead> ok, key point here on ES..
[14:27] <+rickf> good point awash
[14:28] <+Awash> it'll make for a smooth transitions
[14:28] <+codehead> actually, i post paper trade here because when i'm in a real one i'm too nervous to take my eyes off it an post here, working on that
[14:29] <+rickf> after i had some problems going live i went back to sim ....
[14:29] <+rickf> but instead of trading 2 contracts virtually i found that running 8 or more would FORCE me to focus ... with 2 cars it's too easy to go "oh it's only paper money"
[14:29] <+Awash> i know what you mean...........that nervousness has spooked us all
[14:30] <+rickf> it was psychological trickery that worked for me
[14:30] <+rickf> forced me to focus and discipline myself
[14:30] <+codehead> how?
[14:30] <+rickf> as i said -- in the sim it was too easy to go "ahh it's only a few points" when running 2 contracts and losing. however....
[14:31] <+rickf> ....running 8 contracts placed a burden on me and gave me a more palpable "fear' so to speak
[14:31] <+rickf> it seemed more real to me on paper running more contracts --- got the same knot in my gut when a trade worked against me
[14:31] <+codehead> ah
[14:31] * +Nesi shorts ES 913.00
[14:32] <+rickf> 8 in the sim = 2 for real, in my mind back then
[14:32] <+rickf> if that makes any sens
[14:32] <+rickf> e
[14:32] <+codehead> yes, ic
[14:32] <+rickf> that helped me accept losing as a part of trading, and thus work to minimze that feeling of loss / fear
[14:32] <+codehead> one thing is i got more nervous switching to ES early this year--used to trade YM
[14:32] <+OICU812> thinking of trying a long here
[14:32] <+rickf> might help you might not ... just sharing what worked for me
[14:33] <+rickf> yeah you were pretty good on the YM IIRC
[14:33] <+codehead> the upside with YM is finer resolution (10 ticks versus 4 for ES)
[14:33] <+rickf> OICU812: long looks tempting but might be a bumpy ride
[14:33] <+codehead> for placing stops
[14:34] <+codehead> the downside is YM not so smooth as ES
[14:34] <+OICU812> im waiting for the retrace
[14:34] <+OICU812> if it does not break that 12.25 area
[14:34] <+OICU812> then its a long
[14:34] <+rickf> problem is i'd enter at 912-ish but that might mean a breakdown
[14:34] <+OICU812> again its patience
[14:34] <+rickf> ergo i'll sit and watch
[14:34] <+jbuch> man kids screaming wife is bugging me friends r calling can't get shit done today
[14:35] <+OICU812> thats why i said rickf, need to enter in that area on the pullback so your stop is small
[14:35] <+rickf> yup
[14:35] <+OICU812> take a breather jbuch
[14:35] <+Nesi> go ahead... jbuch....blaming others...
[14:35] <+codehead> under 912.25 is a breakdown--touch of 911.5 to be sure--then it's a short on bounce if it hasn't already gotten back to 909 area (i think ;-)
[14:35] <+Awash> :-)
[14:35] <+rickf> hehe
[14:36] <+Awash> this key level on ES & YM is confusing
[14:36] <+rickf> chop chop
[14:36] <+codehead> as i said yesterday--trade form bunker ;-)
[14:36] <+codehead> i have separate building in my back yard for office
[14:36] <+rickf> nice
[14:37] <+codehead> well, plus my kids grew up to adults, etc
[14:37] <+Nesi> jumping now..darn
[14:37] <+OICU812> well now its a matter of waiting and seeing what it gives
[14:37] <+OICU812> hopefully not a stop
[14:39] <+Nesi> i am great at getting in a choparola zone...
[14:39] <+OICU812> first scale 913.75 to cover costs just in case it does not go
[14:39] <+Nesi> i am great at that
[14:39] <+OICU812> i dont even think of chop you know
[14:39] <+OICU812> just think that it needs to be traded with more patience
[14:40] <+codehead> remember quad witching tomorrow, some manipulation
[14:41] <+OICU812> second scale 915.00
[14:42] <+OICU812> still has potential to 16.5
[14:42] <+codehead> Tck extreme
[14:42] <+codehead> Tick
[14:42] <+rickf> yepper - i am leery of trading today and may just watch tomorrow .... i tend to take quad-witch off to do other things
[14:42] <+OICU812> just another trading day rickf
[14:42] <+rickf> too much quirky action for my tastes ..
[14:42] <+rickf> true
[14:44] <+Awash> Covered all YM Short @ 8506 --> + 8
[14:44] <+jbuch> alright just downloaded oec
[14:45] <+jbuch> cheaper commisions to
[14:45] <+Awash> decided to cover short from this morning, it doesn't appear we'll retest LOD
[14:45] <+jigglyhippo> nice
[14:45] <+jigglyhippo> 4.88 roundtrip right
[14:45] <+Awash> from average of 8510, +4 points
[14:46] <+rickf> jigglyhippo: http://www.openecry.com/rates/rates.cfm
[14:47] <+OICU812> hmmm im thinking of exiting this one
[14:47] <+jigglyhippo> yup used the calculator
[14:47] * +Nesi cover ES 915.50 -2.50 i deserve this bad trade
[14:47] <+jigglyhippo> assuming 0-300
[14:47] <+OICU812> ahhh here it goes
[14:47] <+Nesi> good read OIC
[14:48] <+jbuch> at the down trendline
[14:48] <+Nesi> watch the demo videos...jbuch...
[14:49] <+Nesi> so u can see how it works..etc
[14:49] <+jbuch> yeah I will tonight
[14:52] * +Nesi shorts ES 914.75
[14:54] <+OICU812> ok exited it all now back to flat
[14:55] <+OICU812> demo videos on what?
[14:55] <+Nesi> for OEC plataform...
[14:56] <+codehead> put/call getting low--bearish
[14:56] <+Nesi> post to myself, the trade i am in now is a REVENGE trade
[14:57] <+jbuch> looks good nesi
[14:58] <+Nesi> it may..but it does not matter... revenge trading is not good at all..imho
[14:59] <+codehead> put/call divergence doesn't look good for bulls here
[14:59] <+codehead> bond close coming
[14:59] <+codehead> short 2c ES 915.25 <paper>
[15:00] <+codehead> hm, strange
[15:00] <+kosmipt> Long ES @ 915.75 «« simulator »»
[15:00] <+codehead> mixed signals
[15:01] <+codehead> i'll give it 1.5 stop
[15:01] <+OICU812> mixed it is codehead
[15:01] <+OICU812> im flat still
[15:01] <+OICU812> and not considering any sides soon
[15:03] <+codehead> exit half ES +.50 <paper>
[15:04] <+codehead> stop remainder 916.5
[15:05] <+jbuch> choppy and sloppy
[15:06] <+codehead> just started watching this particular put/call signal today, after digging and discovering esignal now supplies it
[15:06] <+codehead> but right now we'll at a very low ratio
[15:07] * NihabaAshi_away is now known as NihabaAshi
[15:07] <+codehead> but may be due to expiry
[15:09] <+codehead> exit remainder ES -.50 <paper>
[15:14] <+kosmipt> you can get 3.80/ES with AMP through OEC
[15:15] * +Nesi cover ES 916.75 -2
[15:15] <+Nesi> what is AMP?
[15:16] <+rickf> amp futures
[15:16] <+rickf> broker
[15:16] <+Nesi> 3.80 good price
[15:17] <+rickf> is that r/t or per side?
[15:17] <+Nesi> should be RT..imo
[15:18] <+rickf> nice thing is data feeds included at OEC
[15:18] <+rickf> no platform charges
[15:19] <+jbuch> that is nice TS charges u for every lil thing
[15:19] <+rickf>
[15:19] * +Nesi shorts ES 916.50 2c
[15:19] <+werner> back
[15:21] <+kosmipt> Exited all ES Long @ 916 --> + 0.25 «« simulator »»
[15:22] <+codehead> ok, looks like dbl top was it
[15:23] <+Nesi> early to say..imho
[15:25] <+jigglyhippo> nesi at what volume is it 3.80?
[15:25] <+Nesi> i dont know
[15:25] <+Nesi> read above
[15:31] <+werner> what a day...
[15:32] <+jbuch> does any one know what the rt commisions r after exchange fees and all for OEC.
[15:33] <+werner> al day inside that big 60'candle nq
[15:33] <+jigglyhippo> 0-300 its 4.88
[15:33] <+werner> nope
[15:34] <+jbuch> thanks
[15:34] <+jigglyhippo> 301-1000 its 4.28
[15:35] <+jigglyhippo> that includes commission, exchange and nfa fees
[15:36] <+werner> Shorts NQ @ 1453.75
[15:40] <silo> that gap down there is goign to get filled
[15:40] <+silo> on 10min
[15:42] <+OICU812> today all trades are taking a while
[15:42] <+jigglyhippo> yup
[15:42] <+jbuch> hard day for an itchy trigger finger
[15:48] <+werner> Covered all NQ Short @ 1452.75 --> + 1
[15:49] <+werner> pffff again
[15:51] <+werner> mmm
[15:55] <@NihabaAshi> Long ES @ 913.00 -> small size
[15:55] <@NihabaAshi> 1 only
[15:56] <@NihabaAshi> Exited ES Long @ 913.25 --> + 0.25
[15:56] <+werner> lol
[15:56] <@NihabaAshi> set my trail stop too tight and too soon...
[15:56] <@NihabaAshi> Looking for a re-entry
[15:57] <+werner>
[15:58] <@NihabaAshi> nevermind...914.00 arleady reached
[15:58] * +Nesi cover ES 914.00 +2.50
[15:58] <+werner> nice
[15:58] <@NihabaAshi> Oh well...had my chance
[15:58] <+Nesi> at least i ended up green for the day
[15:59] <@NihabaAshi>
[15:59] <+Nesi> made few mistakes
[15:59] <+Nesi> actually same old mistakes
[15:59] <+Nesi> tomorrow is another day
[15:59] <+rickf> yup
[16:00] <@NihabaAshi> Long ES @ 913.00 -> small size
[16:00] <@NihabaAshi> 1 only
[16:01] <+OICU812> well i just got out of all my trades. have a good evening everyone
[16:01] <+Nesi> take care OIC
[16:01] <+Nesi> nice trading by the way
[16:01] <@NihabaAshi> Exited ES Long @ 913.00 --> 0
[16:02] <@NihabaAshi> OIC not trading tomorrow
[16:02] <@NihabaAshi>
[16:02] <@NihabaAshi> Quadruple Witching day...usually not a fun day to trade
[16:03] <+rickf> see, i'm not the only one
[16:03] <+rickf>
[16:03] <+werner> lol
[16:03] <@NihabaAshi> If there's no volatility spike out of the gate...most likely I'll skip most of tomorrow's trading session too.
[16:04] <@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.
[16:04] <+jbuch> going back packing and fishing this weeknd so will be looking for an excuse to cut out early as well.
[16:05] <+silo> what kind of fishing do you do
[16:05] <+rickf> i'm stuck doing chapter edits
[16:05] <+jbuch> mainly flyfishing for trout
[16:05] <+silo> ooh nice
[16:05] <+jigglyhippo> oh cool
[16:05] <+silo> i've been wanting to get into fly fishing for trout and salmon
[16:05] <+silo> i just got 2 new rods for carp fishing
[16:05] <+silo> :D
[16:05] <@NihabaAshi> Only two late trades today for me...missed most of today's trading due to personal appointments.
[16:05] <+jigglyhippo> never been fishing, hear its relaxing
[16:06] <+jbuch> they put up a great fight
[16:06] <@NihabaAshi> Carp...haven't heard that word in about 10 years.
[16:06] <+jbuch>
[16:06] <+jigglyhippo> lol http://www.fishingfury.com/wp-content/u ... p-love.jpg
[16:06] <+rickf> i'm doing red snapper tonight if that's of any consequence lol
[16:06] <@NihabaAshi> Use to catch carp when I was a kid in the local creeks when the creeks over flooded.
[16:07] <+rickf> eeesh
[16:07] <+jigglyhippo> carps are pretty large
[16:07] <@NihabaAshi> There was so many...you didn't need a fishing pole...just walk out there and grab about 30 our them within minutes
[16:07] <+werner> wow
[16:08] <@NihabaAshi> Yeah...these things were big...was common to see 3 - 5 pounders
[16:08] <@NihabaAshi> Big and orange, yellow, grey et cetera
[16:08] <+rickf> geez just club 'em over the head with a bat
[16:08] <+silo> that 10min futures gap is going to get filled
[16:08] <+silo> oops
[16:08] <+silo> wrong paste
[16:08] <+silo> http://www.youtube.com/watch?v=TEq9m-CwlTM
[16:08] <+silo> man size carp
[16:08] <+silo> lol
[16:09] <+jigglyhippo> that thing is massive!
[16:09] <@NihabaAshi> They don't taste good either.
[16:09] <+jigglyhippo> people throw them back?
[16:09] <@NihabaAshi> We would catch them and just throw them back in the water.
[16:09] <+jigglyhippo> cool
[16:10] <+jbuch> were I am going the fish are almost as easy to catch
[16:10] <+silo> really?
[16:10] <+silo> aren't trout hard to catch?
[16:10] <+jbuch> it is in the backcountry
[16:11] <+jbuch> caught about 50 in 1 day last summer
[16:11] <+silo> wow
[16:11] <+jbuch> good size cut bows
[16:11] <+silo> how big?
[16:11] <+silo> decent size?
[16:11] <Awash> good night all
[16:11] <+silo> trout are so pretty
[16:11] <+jbuch> 14 to 18 inchers
[16:12] <+silo> where are you located anyway
[16:12] <+silo> most of the freshwater here in my state should not be eaten 'cuz of mercury
[16:12] <+silo> but man. would be nice to be able to catch my own salmon and trout
[16:12] <+jbuch> I am in albuqureuqe but I lived up in colorado until last year
[16:12] <+silo> for dinner
[16:13] <@NihabaAshi> Take care all and see all tomorrow.
[16:13] <+silo> there are some nice carp in new mexico
[16:13] <+jigglyhippo> gnight all
[16:13] <+rickf> cya
[16:13] <+silo>
[16:13] * NihabaAshi is now known as NihabaAshi_away
[16:13] <+jbuch> yeah
[16:13] <+jbuch> I think that some of the lakes have some whopers
[16:13] <+silo> go get one!
[16:13] <+silo>
[16:14] <+werner> gn all
[16:14] <+jbuch> good night all see ya tomorrow.
[16:32] <+rickf> gn all
[18:10] <@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.
[20:16] <@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.
Session Close: Thu Jun 18 20:36:49 2009

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