##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. Simply, you don't need to be a client of TheStrategyLab.com to use the chat room nor do you need to be a price action only trader (no indicators) because some members use indicators while others do not.

Therefore, we welcome traders with their own methods and different perspective of the markets.

Also, our primary job in the free chat room is to moderate the room (keep the peace) because with so many members using different methods along with different opinions about the market...debates or arguments can easily flare up without moderating. In addition, our presence in the chat room is to ensure it's a spam free chat room during trading although these archived chat logs may contain advertisments for guest visitors. More information about #FuturesTrades @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm

Further, to prevent the usual mix-up about our different chat rooms, most of our fee-base clients do not use chat rooms just like most retail traders do not use chat rooms. Yet, the few clients that do use chat rooms, 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 and they're not allowed to do such in #FuturesTrades.

By the way, our Terms of Use (TOU) Policy is a must read to prevent any misunderstandings along with revealing that #FuturesTrades is a serious professional trading chat room and we expect members to act professional.

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

Session Start: Mon Jul 13 08:34:24 2009
Session Ident: #futurestrades
[08:34] * Now talking in #futurestrades
[08:34] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[08:45] <rickf> all
[08:58] <werner> all
[08:58] <+rickf> hiya
[08:58] <+werner> hi rickf
[09:20] * codehead_afk is now known as codehead
[09:29] <drt> everyone
[09:29] <Nesi> hi all
[09:29] <jbuch> morning all
[09:31] <+Nesi> Shorts ES @ 878.00
[09:35] <+rickf> long es 879.50
[09:36] <@NihabaAshi> Long TF @ 478.90 -> small size
[09:36] <@NihabaAshi> 3 only
[09:36] <+Nesi> Covered all ES Short @ 879.50 --> - 1.5
[09:37] <Awash> good morning
[09:38] <codehead> short ES 881.00 <paper> stop 882.5
[09:38] <+rickf> out es 881 +1.50
[09:38] <+jbuch> nice
[09:38] <@NihabaAshi> Exited all TF Long @ 479.00 --> + 0.1
[09:38] <+Nesi> Shorts ES @ 880.25
[09:38] <+rickf> ty
[09:38] <+codehead> exit half ES +1.00 <paper>
[09:39] <@NihabaAshi> no short entry on the decline...feels like I just missed something
[09:40] <+werner> Long NQ @ 1410.00
[09:40] <+codehead> exit remainder +3.50 <paper>
[09:40] <@X> #FuturesTrades Info -> You must read #FuturesTrades purpose and benefits @ viewtopic.php?f=5&t=36 and TOU policy @ viewtopic.php?f=2&t=55 to prevent any misunderstandings.
[09:42] <+rickf> hey wrbtrader - may i ask what chart interval you're using on the TF in the early part of trading? tick charts seem useless and although minute charts are ok, i hate trading off them .... not until like 1030 or so does a tick chart become effective for me on the TF.
[09:42] <+rickf> or are you using a tiny tick like 89 or something
[09:42] <@NihabaAshi> 20sec, 30sec and 1min currently
[09:42] <+rickf> ahhh ok
[09:42] <+rickf> i can't go below 1m @ ToS
[09:43] <+rickf> it's not just me then
[09:44] <@NihabaAshi> Long TF @ 477.20 -> small size
[09:44] <@NihabaAshi> 3 only
[09:45] <@NihabaAshi> sucky entry...hoping TF doesn't punish me for the bad entry
[09:47] <@NihabaAshi> Exited all TF Long @ 476.40 --> - 0.8
[09:47] <+werner> Exited all NQ Long @ 1409.00 --> - 1
[09:48] <+werner> Long NQ @ 1406.25
[09:48] <@NihabaAshi> Long TF @ 476.10 -> small size
[09:48] <@NihabaAshi> 3 only
[09:49] <+drt> l es 77
[09:49] <+jbuch> Long ES @ 877
[09:51] <@NihabaAshi> Exited all TF Long @ 476.10 --> 0
[09:51] <@NihabaAshi> weak support developing
[09:52] <@NihabaAshi> Long TF @ 476.10 -> small size
[09:52] <@NihabaAshi> 3 only
[09:52] <@NihabaAshi> intuition trade in reaction to prior trade
[09:52] <+jbuch> Exited all ES Long @ 877 --> 0
[09:52] <@NihabaAshi> volatility declining...
[09:53] <@NihabaAshi> I'm expecting a volatility spike here soon
[09:53] <+jbuch> Shorts ES @ 877
[09:54] <@NihabaAshi> Exited all TF Long @ 475.40 --> - 0.7
[09:54] <+werner> Exited all NQ Long @ 1403.25 --> - 3
[09:54] <@NihabaAshi> Shorts TF @ 475.10 -> medium size
[09:54] <+werner> djeez
[09:54] <@NihabaAshi> 4 only
[09:56] <@NihabaAshi> support broken
[09:56] <+jbuch> Covered all ES Short @ 875.75 --> + 1.25
[09:56] <@NihabaAshi> looks like they're going to fight it out a few ticks below support
[09:59] <@NihabaAshi>
[10:00] <+rickf> wtg jb
[10:00] <+jbuch> thanks
[10:00] <@NihabaAshi> Covered all TF Short @ 474.70 --> + 0.4
[10:01] <+rickf> hrmmm margaret brennan now anchor on bloomie
[10:01] <+rickf> cnbc losing talent these days?
[10:02] <@NihabaAshi> Their bringing in new faces to attract a different target viewer...
[10:02] <@NihabaAshi> I read about it about a year ago.
[10:02] <+rickf> bloomberg or cnbc? cnbc has been pandering for a while now
[10:02] <+werner> Long NQ @ 1402.25
[10:02] <@NihabaAshi> cnbc
[10:03] <+rickf> well duh
[10:03] <+werner> ...stops are in
[10:03] <+Nesi> Covered all ES Short @ 873.50 --> + 6.75
[10:04] <@NihabaAshi> volatility still declining all the way down so far
[10:04] <@NihabaAshi> it's gotta flatline here soon or we're going to see another big price drop continuation.
[10:13] <+rickf> long es 872.50
[10:19] <+rickf> exit es 874.75 +2.25
[10:19] <+drt> cl es 74.50
[10:19] <+jbuch> nice rickf
[10:19] <+rickf> both es trades made on a 512-t chart .... slowing it down for some reason this week
[10:19] <+rickf> thx
[10:22] <+rickf> short 6E 1.3928 1ct
[10:26] <@NihabaAshi> what's up with the DAX after the 0930am U.S. open
[10:26] <@NihabaAshi> It looks lethargic
[10:27] <+Awash> Shorts YM @ 8105
[10:32] <+Awash> strong move up
[10:32] <+rickf> out 6E 1.3938 -10
[10:32] <+rickf> where did that spike come from
[10:33] <TradeLancer> slow, consistent buying, looked too weak @ the bottom reversal to jump in
[10:34] <+rickf> short es 879.50
[10:34] <@NihabaAshi> Yeah...I decided to watch and not go Long...picked the wrong time to take a break
[10:34] <+jbuch> move down seemed so convincing
[10:36] <+TradeLancer> summertime trading, a "crap" breakfast sandwich to stink up the am session
[10:37] <@NihabaAshi> summertime is also when trading forums all over the net have traders talking about their strategies more than any other time...
[10:38] <@NihabaAshi> It's the time when traders jump on the next "fashionable" method.
[10:38] <+Nesi> Long ES @ 879.75
[10:38] <+rickf> exit es 879.50 b/e
[10:38] <+rickf> yeah saw a few ET threads this morning like that
[10:38] <+rickf> "what indicator is best for the emini"
[10:38] <@NihabaAshi>
[10:39] <+Awash> Covered all YM Short @ 8140 --> - 35
[10:39] <+rickf> your eyes
[10:39] <+Nesi> Exited all ES Long @ 880.50 --> + 0.75
[10:39] <@NihabaAshi> I've been online since the 90's...I've seen this summer "new method" thing occur every year.
[10:39] <+rickf> college kids?
[10:39] <@NihabaAshi> not sure
[10:40] <+werner> Exited all NQ Long @ 1419.25 --> + 17
[10:40] <+werner> back
[10:40] <+werner> lollol
[10:40] <+rickf> short 6E 1.3940 1ct
[10:41] <+werner> that only posible when i am not at the sreens
[10:41] <+jbuch> nice
[10:41] <+werner> tx
[10:41] <+rickf> wtf
[10:41] <+jbuch> was hoping it was a pleasant surprise for ya
[10:42] <+werner> tx man
[10:42] <+Nesi> Long ES @ 880.50
[10:44] <+werner> one tick more and i was stopt....pfff lucky me
[10:44] <+Nesi> Exited ES Long @ 879.50 --> - 1
[10:44] <+Nesi> Reverse and Enter Short ES @ 879.50
[10:46] <+rickf> exit 6E 1.3935 +5
[10:46] <+rickf> back in a bit
[10:46] <+Nesi> Shorts ES @ 879.00 -> Add
[10:48] <@NihabaAshi> It's a little early to be ranging for the past 15mins...
[10:48] <@NihabaAshi> Something has to pop soon (up or down) to shake things up again before it really does go into its normal range price action.
[10:49] <+werner> yes indd
[10:49] <+werner> there is someting going on
[10:50] <+TradeLancer> coiling here for something
[10:54] <+jbuch> Long ES @ 880.5
[10:55] <+Nesi> Covered all ES Short @ 881.00 --> - 3.5
[10:56] <jigglyhippo> nice trade jb
[10:57] <+werner> vn
[10:58] <+jbuch> Exited all ES Long @ 883 --> + 2.5
[10:58] <+werner> super
[10:58] <+jbuch> thanks )
[11:00] <+werner> djees nq full retrace
[11:02] <+TradeLancer> ym & es leading nq & tf this am
[11:02] <+werner> i see indd
[11:04] <+jbuch> Shorts ES @ 883.25
[11:10] <+jbuch> Covered all ES Short @ 882.5 --> + 0.75
[11:16] <@NihabaAshi> Shorts TF @ 480.80 -> small size
[11:17] <@NihabaAshi> 2 only
[11:18] <@NihabaAshi> FYI - Othernet servers are currently having a problem...
[11:18] <@NihabaAshi> It could split the room or disconnect you.
[11:20] <werner> wow was not the only one i see
[11:20] <@NihabaAshi> FYI - Othernet servers are currently having a problem...it could split the room or disconnect you.
[11:21] <+werner> tx
[11:23] <+werner> was out short at 1425
[11:23] <+werner>
[11:24] <@NihabaAshi> Covered all TF Short @ 480.80 --> 0
[11:24] <@NihabaAshi> incorrect
[11:24] <@NihabaAshi> Covered all TF Short @ 481.80 --> - 1
[11:26] <@NihabaAshi> Shorts TF @ 481.70 -> small size
[11:26] <@NihabaAshi> 2 only
[11:29] <@NihabaAshi> Covered all TF Short @ 484.20 --> - 2.5
[11:29] <@NihabaAshi> Long TF @ 482.30 -> small size
[11:29] <@NihabaAshi> 2 only
[11:30] <@NihabaAshi> that was an odd position reversal fill
[11:31] <@NihabaAshi> prior Long out @ 482.20 (-0.50) and not 484.20
[11:31] <@NihabaAshi> meant short
[11:31] <@NihabaAshi> and I'm still Long
[11:33] <@NihabaAshi> volatility was dead until the spike a few minutes ago
[11:35] <@NihabaAshi> It's like there's two different trading days today.
[11:37] <+TradeLancer> a tuff 1 to sit & watch
[11:37] <@NihabaAshi> Exited all TF Long @ 486.30 --> + 4
[11:38] <@NihabaAshi> Yeah...I got a little mentally exhasted after trading against the initial price drop on a few trades...
[11:38] <@NihabaAshi> Decided to take a little break and missed the bounce...
[11:39] <@NihabaAshi> Then decided I had missed a Long entry to only see it go much higher on the counter-thrust back upwards.
[11:39] <+TradeLancer> both +runs started from high risk entries and started too slow, but there you go...
[11:40] <@NihabaAshi> Good example of it's not the market we need to worry about...we need to worry about ourselves and how we interract with the markets.
[11:40] <@NihabaAshi> Simply, there's a lot more to trading than just entry/exit signals.
[11:42] <@NihabaAshi> I located the other members after the server blackout
[11:42] <@NihabaAshi> there in #futurestrades on another server
[11:43] <@NihabaAshi> I'm going to log off and then back on and hopefully it sends me into the "black hole" to that other server...to rescue the other members.
[11:43] <@NihabaAshi>
[11:43] <@NihabaAshi> If I fail...it'll simply send me back here.
[11:43] <@NihabaAshi> Be back in a few minutes.
Session Close: Mon Jul 13 11:44:04 2009

Session Start: Mon Jul 13 11:44:04 2009
Session Ident: #futurestrades
[11:44] * Disconnected
Session Close: Mon Jul 13 11:44:04 2009

Session Start: Mon Jul 13 11:52:26 2009
Session Ident: #futurestrades
[11:52] * Now talking in #futurestrades
[11:52] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[11:58] <+TradeLancer> lunchtime, now what tricks does the market have up its sleaves?
[12:01] <@NihabaAshi> Pres. Obama speech currently being followed live by some financial networks
[12:04] <+Nesi> Shorts ES @ 890.00 -> Add
[12:08] <@NihabaAshi> FYI - If there's any blogs you like...it's ok to post links to such.
[12:08] <@NihabaAshi> I myself always like Brett Steenbarger blog @ http://traderfeed.blogspot.com/
[12:09] <+TradeLancer> just going to post that 1
[12:11] <+TradeLancer> http://blog.afraidtotrade.com/
[12:12] <TraderG> to prevent people from falling asleep I would like to ask your opinion about scaling in , scaling out and all in all out money management ideas????
[12:12] <@NihabaAshi> tradelancer or me
[12:13] <+TraderG> every 1
[12:13] <+TradeLancer> more reasonable weblogas, http://leavittbrothers.com
[12:14] <+TraderG> it is something that had me thinking about 4 a long time
[12:14] <@NihabaAshi> I myself do scaling out, all in and all out but I never do scaling in.
[12:14] <@NihabaAshi> I've done "adds" to an open position but never enter the trade with the goal of scaling in.
[12:15] <+TraderG> scalling in has the benefit of not risking it all in 1 shot and once you add 2 your position you would be in a winning situation
[12:16] <+jbuch> I will sometimes add to a losing position at a better price but never move my stop which is never more than 6 ticks.
[12:16] <+TraderG> most positions start with a move against the position
[12:17] <+TraderG> jb that is another idea i haven't thought about
[12:18] <+jbuch> If I feel as though I jumped the gun on the original entry and the reason for getting into the trade is still there then I will average in
[12:18] <@NihabaAshi> Long TF @ 485.80 -> small size
[12:18] <@NihabaAshi> 1 only
[12:20] <+jbuch> Long ES @ 889.25
[12:21] <@NihabaAshi> Exited TF Long @ 485.50 --> - 0.3
[12:21] <@NihabaAshi> got lost in the forest on that trade
[12:22] <@NihabaAshi> taking an hour break...felt like I couldn't think on that trade.
[12:22] <+TraderG> u need 2 buy a GPS
[12:22] <@NihabaAshi>
[12:22] * NihabaAshi is now known as NihabaAshi_away
[12:29] <+TraderG> 2:00pm USD Federal Budget Balance
[12:30] <+TradeLancer> eminis just won't break down from these hi's yet, just keeping consol/coiling, going to have to wait
[12:33] <+jbuch> Exited ES Long @ 889.5 --> + 0.25
[12:33] <+jbuch> Reverse and Enter Short ES @ 889.5
[12:36] <+jbuch> Covered 1/2 ES Short @ 888.5 --> + 1
[12:39] <+jbuch> Exited ES Long @ 889.25 --> - 0.25
[12:39] <+jbuch> Reverse and Enter Short ES @ 889.25
[12:40] <+jbuch> oops that is backwards was short now long
[12:40] <+rickf> back
[12:42] <+jbuch> Covered Remainder ES Short @ 889.75 --> - 0.5
[12:47] <+jbuch> Shorts ES @ 890
[12:54] <+rickf> FYI I posted the blogs I follow on the forum
[12:54] <+rickf> Trading Lounge » Trading Talk
[13:01] <+jbuch> Covered all ES Short @ 889.75 --> + 0.25
[13:04] <+rickf> long TF 486.40
[13:09] <+jbuch> Long ES @ 890.5
[13:10] <+rickf> exit TF 487.40 +1
[13:10] <+jbuch> Exited 1/2 ES Long @ 891.5 --> + 1
[13:10] <+rickf> this has gotta be a retail contract ... zillions of 1 and 2 lot trades on the TF
[13:10] <+rickf> i think wrbtrader's "large" size could move this market at times
[13:11] <+jbuch> Exited Remainder ES Long @ 890.75 --> + 0.25
[13:16] <+jbuch> Long ES @ 891.25
[13:19] <+jbuch> Long ES @ 892 -> Add
[13:21] <+jbuch> Exited all ES Long @ 892 --> + 0.75
[13:24] <+jbuch> just moseying on up
[13:41] <+jbuch> Long ES @ 891.75
[13:42] <+jbuch> Long ES @ 891.25 -> Add
[13:49] <+jbuch> Exited all ES Long @ 891.75 --> + 0.5
[13:52] <@X> #FuturesTrades Info -> You must read #FuturesTrades purpose and benefits @ viewtopic.php?f=5&t=36 and TOU policy @ viewtopic.php?f=2&t=55 to prevent any misunderstandings.
[13:53] <+jbuch> Long ES @ 891.75
[13:56] <+rickf> for those wondering my spx option spread from last thurs is still waiting for a fill
[13:56] * Looking up TradeLancer user info...
[13:56] <+jbuch> Long ES @ 891.5 -> Add
[13:58] * NihabaAshi_away is now known as NihabaAshi
[13:58] <+jbuch> Exited all ES Long @ 890.75 --> - 1.75
[13:59] <+jbuch> Long ES @ 891.25
[14:01] * Looking up gabe user info...
[14:01] <+luffy> long 92
[14:04] <+jbuch> Exited all ES Long @ 891.25 --> 0
[14:06] <+werner> back
[14:07] <+jbuch> Long ES @ 891.25
[14:07] <+jbuch> one more try
[14:07] <+rickf> chop chop
[14:11] <+werner> elvis senario
[14:11] <+werner> ...now or never
[14:11] <+jbuch> Exited 1/3 ES Long @ 892 --> + 0.75
[14:12] <+jbuch> Exited 1/3 ES Long @ 892 --> + 0.75
[14:15] <+rickf> long tf 487.70
[14:15] <+jbuch> Exited Remainder ES Long @ 891.5 --> + 0.25
[14:15] <@NihabaAshi> Oil and Gold range bound for the past 30 mins
[14:15] <+rickf> filled at .80
[14:19] <+rickf> out 488 +.20
[14:21] <+rickf> lol
[14:21] <+rickf> typical
[14:21] <+TradeLancer> gotta luv it
[14:21] <+rickf> never fails
[14:24] <+rickf> grrr
[14:24] <+TradeLancer> did the same thing rick, took a high risk, in trend pullback & bailed b4 the meat, only got the cheese
[14:25] <+rickf> heh
[14:25] <+rickf> better out with a tick then wrong for a point
[14:25] <+luffy> out 893.5 +1.5
[14:26] <+TradeLancer> nothing to short, i gotta hang with the trend
[14:28] <+TradeLancer> wasn't here for the 13:05 pullback, waited for that 14:10 oppty & blew it
[14:37] <+jbuch> dang it, there is that pop i was looking for.
[14:45] <drt> l es 92
[14:46] <+jbuch> the only consistent thing the last few weeks is the sideways action last way longer than u would ever anticipate
[14:47] <+jbuch> Shorts ES @ 892
[14:49] <+jbuch> Covered Remainder ES Short @ 892 --> 0
[14:50] <+jbuch> Long ES @ 892.25
[14:52] <+jbuch> Exited 1/2 ES Long @ 893.25 --> + 1
[14:52] <+drt> cl es 93.25
[14:53] <+jbuch> Exited Remainder ES Long @ 893.5 --> + 1.25
[14:59] <+rickf> nice
[15:00] <+rickf> long TF 488
[15:03] <+rickf> out TF 488.30 +.30
[15:03] <+rickf> er + .3
[15:05] <+jbuch> Long ES @ 893
[15:06] <+jbuch> come on baby no more messing around
[15:08] <+Awash> jbuch, you want price to rally to what level?
[15:08] <+jbuch> as high and fast as it will go
[15:08] <+Awash> k
[15:08] <+jbuch> )
[15:09] <+Awash> seems as if we're at the extreme of todays range
[15:09] <+Awash> of course we can go higher but ...
[15:09] <+Awash> price appears to be losing momentum
[15:09] <+Awash> one hour left in the session though, anything can happen
[15:10] <+jbuch> Exited all ES Long @ 893 --> 0
[15:11] <+TradeLancer> es is sitting @ 162% & 233% extensions of this am low & middle run pivot.
[15:13] <+jbuch> Long ES @ 893.75
[15:15] <+jbuch> Exited all ES Long @ 893..25 --> + 893..25 - 893.75
[15:15] <+jbuch> Shorts ES @ 893.25
[15:20] <+jbuch> Covered all ES Short @ 893 --> + 0.25
[15:20] <+werner> Shorts NQ @ 1440
[15:20] <+werner> 00
[15:21] <+werner> Shorts NQ @ 1440.00
[15:22] <+drt> l es 92.25
[15:23] <+jbuch> Long ES @ 892.5
[15:23] <+werner> Covered all NQ Short @ 1440.50 --> - 0.5
[15:29] <+drt> cl es 93.25
[15:29] <+werner> Shorts NQ @ 1440.00
[15:29] <+jbuch> Exited all ES Long @ 892.75 --> + 0.25
[15:31] <+jbuch> Long ES @ 892.25
[15:33] <+werner> Covered all NQ Short @ 1440.50 --> - 0.5
[15:33] <+jbuch> Exited 1/2 ES Long @ 893.25 --> + 1
[15:33] <@NihabaAshi> Long TF @ 488.20 -> small size
[15:33] <@NihabaAshi> 2 only
[15:34] <+rickf> this ES chart has wicked number of wicks-n-tails today
[15:34] <+jbuch> Exited Remainder ES Long @ 894.25 --> + 2
[15:34] <+rickf> imho ugly
[15:34] <+rickf> vn jb
[15:35] <+werner> nice
[15:35] <+jbuch> scalpy
[15:35] <@NihabaAshi> Exited all TF Long @ 488.30 --> + 0.1
[15:35] <@NihabaAshi> geeesh
[15:35] <+rickf> yeah
[15:35] <+jbuch> tried to catch it 894.5 but my finger slipped
[15:35] <+jbuch> tired
[15:35] <+rickf> i have tried various intervals on the TF and nothing looked comfortable to trade from
[15:35] <+jbuch> and sweety
[15:36] <+rickf> imho the ES is just as ducky right now
[15:36] <+rickf> ergo i am flat
[15:36] <+jbuch> it's a range buy on the bottom seel on the top
[15:36] <+jbuch> and probably just as good to short breakouts
[15:38] <+jbuch> Long ES @ 893.75
[15:38] <+luffy> this is soo slow
[15:38] <@NihabaAshi> Shorts TF @ 488.70 -> small size
[15:38] <@NihabaAshi> 2 only
[15:40] <+jbuch> this might be the 1
[15:40] <+luffy> long 895.5
[15:41] <@NihabaAshi> Covered all TF Short @ 489.30 --> - 0.6
[15:41] <+jbuch> Exited all ES Long @ 896 --> + 2.25
[15:41] <+TraderG> vn jb
[15:42] <+rickf> wtg
[15:42] <+werner> vn
[15:42] <Awash1> nice jb, way to stick with it
[15:42] <+luffy> nice
[15:42] * Awash1 is now known as Awash
[15:42] <+jbuch> thanks
[15:43] <@NihabaAshi> we got another hammer day on the daily and this one has a good chance to close within the range of a prior hammer several trading day's ago.
[15:44] <+luffy> out +.5
[15:47] <gabe> Shorts ES @ 896.25
[15:47] <+werner> Long NQ @ 1442.75
[15:49] <@NihabaAshi> Long TF @ 489.90 -> small size
[15:49] <@NihabaAshi> 2 only
[15:49] <@NihabaAshi> intuition
[15:49] <+jbuch> I look at high volume closes on the spy where the vol is up to 30 times larger than usual
[15:50] <+gabe> Covered all ES Short @ 895.25 --> + 1
[15:50] <+jbuch> had a few days right around here over the last few months
[15:50] <+TradeLancer> & what do u take from that JB?
[15:51] <+TradeLancer> therefore?
[15:52] <+codehead> btw, 896.75 is .500 retracement
[15:52] <+codehead> major
[15:52] <+jbuch> sorry got distracted
[15:52] <@NihabaAshi> tight trail even though I've been shaken out a few good Longs today via similar like tight trail
[15:53] <+jbuch> a typical close is around 4 to 9 million
[15:53] <+jbuch> and I look at closes from 20 to 40 million
[15:53] <+werner> Exited all NQ Long @ 1445.00 --> + 2.25
[15:54] <+jbuch> they are rare but when 1 happens u tend to get a few days of high vol in a row in that area.
[15:55] <+rickf> wonder how much are folks buying financials ahead fo the ballyhoo'd GS 'report' this morning before they announce tomorrow
[15:55] <+jbuch> the high vol area that I was talking about was at 87.89 on the spy
[15:55] <@NihabaAshi> Exited all TF Long @ 491.10 --> + 1.2
[15:55] <+rickf> nice wrbtrader
[15:56] <+jbuch> I love the fact that the banks r upgrading each other.
[15:57] <+rickf> all the "me too" calls now
[15:57] <+rickf> frankly i think the best trade is to fade analysts --- i swear street analysis is a scam
[15:58] <+rickf> not mentioning specific names, just in general
[15:58] <+werner> done here ....gn all
[15:58] <+Awash>
[15:58] <+rickf> go read the book "full of bull" if you want the inside story on Street analysis
[15:58] <+rickf> cya werner
[15:58] <+werner> cya rickf
[15:58] <@X> #FuturesTrades Info -> You must read #FuturesTrades purpose and benefits @ viewtopic.php?f=5&t=36 and TOU policy @ viewtopic.php?f=2&t=55 to prevent any misunderstandings.
[16:00] <+rickf> ding
[16:00] <@NihabaAshi> Long TF @ 491.00 -> small size
[16:00] <+rickf> us auto czar resigning
[16:00] <@NihabaAshi> 1 only
[16:00] <@NihabaAshi> intuition
[16:01] <@NihabaAshi> got burnt on the market order
[16:01] <@NihabaAshi>
[16:01] <+jbuch> tradelancer I don't know if it means that institutions r buying there or what. I simply look at it this way. if we have 1 of these closes and the next day we open down then there a lot of people at a loss so it will act as s/r and a magnet. and visa versa. if we open above.
[16:01] <@NihabaAshi> may get lucky here and reach a shallow profit target
[16:03] <@NihabaAshi> Exited TF Long @ 491.50 --> + 0.5
[16:03] <@NihabaAshi> houdini-escape
[16:08] <+Awash> done here guys, good night all
[16:20] <@NihabaAshi> Looks like another trading day that if you took a break at the wrong time of the day...you got caught trading junk.
[16:20] <@NihabaAshi> Other than that...normal summer trading day.
[16:21] <@NihabaAshi> Take care all and see all tomorrow.
[18:01] <@X> #FuturesTrades Info -> You must read #FuturesTrades purpose and benefits @ viewtopic.php?f=5&t=36 and TOU policy @ viewtopic.php?f=2&t=55 to prevent any misunderstandings.
[20:04] <@X> #FuturesTrades Info -> You must read #FuturesTrades purpose and benefits @ viewtopic.php?f=5&t=36 and TOU policy @ viewtopic.php?f=2&t=55 to prevent any misunderstandings.
Session Close: Mon Jul 13 20:47:34 2009

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