##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 or commentaries involving futures, exchange traded funds or forex currencies. 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 all 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.

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Session Start: Tue Sep 08 09:14:38 2009
Session Ident: #futurestrades
[09:14] * Now talking in #futurestrades
[09:14] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:17] * Forex2stay_Away is now known as Forex2stay
[09:29] <jbuch> morning everyone
[09:29] <Nesi> morning
[09:30] <Tigerman> Hi morning all
[09:30] <Forex2stay> morning
[09:32] <@wrbtrader> EuroFX up big time while the U.S. Dollar is getting killed
[09:32] <+Tigerman> yep if they continue with easy quantitize..
[09:35] <+Tigerman> Shorts ES @ 1024.75 «« paper »»
[09:35] <+Tigerman> Covered 1/2 ES Short @ 1024.5 --> + 0.25 «« paper »»
[09:35] <+Tigerman> Covered Remainder ES Short @ 1024.25 --> + 0.5 «« paper »»
[09:36] <+Tigerman> very hard to trade and post here in time...
[09:36] <@wrbtrader> Are you trying to scalp
[09:36] <+Tigerman> yes
[09:37] <+Tigerman> still try to manage my aggressive temper
[09:37] <@wrbtrader> Just post one trade only because I don't recommend scalpers trying to post every or most of their trades in a chat room...
[09:37] <+Tigerman> but fight with commission
[09:37] <@wrbtrader> Too much of a distraction.
[09:38] <+Tigerman> sure...right
[09:38] <+Tigerman> infact in this case was nice to keeo the second contract but fear always arise..
[09:39] <+jbuch> Long ES @ 123.5
[09:40] <@wrbtrader> Shorts ES @ 1022.75 -> large size
[09:40] <@wrbtrader> 6 only
[09:40] <@wrbtrader>
[09:40] <+jbuch> Exited all ES Long @ 122.75 --> - 0.75
[09:40] <@wrbtrader> geeesh
[09:41] <@wrbtrader> data stall caused a late entry
[09:41] <+Tigerman> Shorts ES @ 1022.75 «« paper »»
[09:41] <+Tigerman> Covered all ES Short @ 1022.25 --> + 0.5 «« paper »»
[09:42] <+Tigerman> used only one contract but if used 2 can keep the second
[09:42] <+Tigerman> nice nihaba
[09:42] <pdays> Shorts TF @ 572.6
[09:43] <+pdays> Covered all TF Short @ 571.8 --> + 0.8
[09:45] <+Tigerman> will see if some support is forming
[09:46] <+jbuch> Long ES @ 1021.5
[09:47] <+Tigerman> Long ES @ 1022 «« paper »»
[09:47] <+Tigerman> Exited all ES Long @ 1022.25 --> + 0.25 «« paper »»
[09:48] <@wrbtrader> Covered all ES Short @ 1022.25 --> + 0.5
[09:51] <+jbuch> Exited all ES Long @ 1022.5 --> + 1
[09:51] <+Nesi> you still holding gold.. jbuch..
[09:52] <@wrbtrader> Shorts ES @ 1022.25 -> large size
[09:53] <@wrbtrader> 6 only
[09:54] <+jbuch> yeah nes
[09:56] <+jbuch> hadn't looked gold yet
[09:56] <+jbuch> big pop
[09:56] <+Tigerman> Shorts ES @ 1022.75 «« paper »»
[09:56] <+Tigerman> Covered 1/2 ES Short @ 1022.5 --> + 0.25 «« paper »»
[09:56] <@wrbtrader> Covered all ES Short @ 1022.00 --> + 0.25
[09:57] <+Tigerman> Covered Remainder ES Short @ 1022.25 --> + 0.5 «« paper »»
[09:57] <@wrbtrader> Starting to look like 1022 had developed into a piviot point
[09:58] <+jbuch> I think your right wrbtrader
[09:59] <@wrbtrader> Shorts ES @ 1021.75 -> large size
[09:59] <+jbuch> Long ES @ 1022
[09:59] <@wrbtrader> Covered all ES Short @ 1022.00 --> - 0.25
[09:59] <+jbuch> damn
[09:59] <@wrbtrader> going to do a quick reboot...too many data stalls causing poor entries.
[10:00] <@wrbtrader> be cack in about 5mins.
[10:00] <+jbuch> Exited Remainder ES Long @ 1021.25 --> - 0.75
[10:00] <+jbuch> Long ES @ 1021.75
Session Close: Tue Sep 08 10:02:19 2009

Session Start: Tue Sep 08 10:02:19 2009
Session Ident: #futurestrades
[10:02] * Disconnected
Session Close: Tue Sep 08 10:02:19 2009

Session Start: Tue Sep 08 10:08:41 2009
Session Ident: #futurestrades
[10:08] * Now talking in #futurestrades
[10:08] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[10:11] <+Nesi> Long ES @ 1021.00 «« simulator »»
[10:13] <+Nesi> Exited all ES Long @ 1022.00 --> + 35 «« simulator »»
[10:13] <+Nesi> plus 1
[10:14] <+jbuch> Long ES @ 1022.25
[10:17] <+Nesi> Shorts ES @ 1021.75 «« simulator »»
[10:18] <+jbuch> Long ES @ 1021.75 -> Add
[10:24] <+Nesi> Covered all ES Short @ 1023.00 --> - 1.25 «« simulator »»
[10:31] <werner> hi all
[10:32] <+jbuch> Exited 1/2 ES Long @ 1023.75 --> + 2
[10:36] <+jbuch> Exited Remainder ES Long @ 1024.75 --> + 2.5
[10:37] <+Nesi> nice trade
[10:37] <+jbuch> amazing what being down and pissed will do for ya
[10:38] <+jbuch>
[10:42] <@wrbtrader> Shorts ES @ 1024.00 -> large size
[10:42] <@wrbtrader> 6 only
[10:49] <+jbuch> Long ES @ 1024
[10:51] <@wrbtrader> Covered all ES Short @ 1024..75 --> + 1024.00 - 1024..75
[10:52] <@wrbtrader> correction
[10:52] <@wrbtrader> Covered all ES Short @ 1024.75 --> - 0.75
[10:53] <+jbuch> Exited all ES Long @ 1024.25 --> + 0.25
[10:53] <@wrbtrader> Shorts ES @ 1024.50 -> large size
[10:54] <+jbuch> rejected from what was the up trendline
[10:57] <@wrbtrader> Covered all ES Short @ 1025.00 --> - 0.5
[11:00] <+jbuch> Long ES @ 1025
[11:01] <@wrbtrader> Long ES @ 1025.25 -> large size
[11:01] <@wrbtrader> 6 only
[11:03] <+jbuch> Exited all ES Long @ 1024.75 --> - 0.25
[11:05] <@wrbtrader> Exited all ES Long @ 1024.50 --> - 0.75
[11:06] <+Nesi> Shorts ES @ 1024.25 «« simulator »»
[11:06] <+jbuch> Long ES @ 1024.5
[11:09] <+jbuch> vol very anemic on the way up
[11:09] <+jbuch> in line on
[11:09] <+jbuch> the way down
[11:10] <+jbuch> Exited all ES Long @ 1023.25 --> - 1.25
[11:13] <@wrbtrader> Shorts ES @ 1023.75 -> large size
[11:13] <@wrbtrader> 9 only
[11:14] <+jbuch> Long ES @ 1024
[11:14] <@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.
[11:21] <+Tigerman> in consolidating mode
[11:21] <+Tigerman> have to exit see ya next time bye
[11:22] <@wrbtrader> Covered all ES Short @ 1024.25 --> - 0.5
[11:26] <@wrbtrader> Long ES @ 1024.75 -> large size
[11:26] <@wrbtrader> 9 only
[11:26] <@wrbtrader> between two key price areas
[11:26] <@wrbtrader> so far can't exploit the support nor resistance
[11:28] <+jbuch> everybody buy please
[11:32] <@wrbtrader> Exited all ES Long @ 1024.25 --> - 0.5
[11:32] <+jbuch> Exited all ES Long @ 1023.75 --> - 0.25
[11:32] <@wrbtrader> back at the support area
[11:32] <@wrbtrader> range getting smaller
[11:36] <@wrbtrader> Shorts ES @ 1023.50 -> large size
[11:36] <+jbuch> Long ES @ 1023.5
[11:36] <@wrbtrader> 9 only
[11:37] <+jbuch> 1 only
[11:38] <+jbuch> Exited all ES Long @ 1022.75 --> - 0.75
[11:41] <+werner> Long NQ @ 1649.25
[11:41] <+jbuch> Long ES @ 1023
[11:43] <+jbuch> Exited all ES Long @ 1022.25 --> - 0.75
[11:43] <+werner> Exited all NQ Long @ 1647.75 --> - 1.5
[11:44] <@wrbtrader> Covered all ES Short @ 1022.00 --> + 1.5
[11:44] <@wrbtrader> that helps but I'm really not getting anywhere today
[11:44] <+jbuch> same here
[11:45] <+jbuch> was hoping everybody would be back from vaca and the volatility would pick up
[11:47] <@wrbtrader> same here
[11:50] <+jbuch> vol is way below avg it is just us retail guys beating the crap out of each other
[11:57] <+Nesi> exit stop set ES @ 1025.00 «« simulator »»
[12:29] <+Nesi> euro strong
[12:30] <+Nesi> wonder if it has power to aim for 1.46 or so short term
[13:06] <+jbuch> Long ES @ 1022.75
[13:10] <+jbuch> Exited all ES Long @ 1022.5 --> - 0.25
[13:14] <+jbuch> treasuryaucton just finished
[13:19] <+jbuch> Long ES @ 1021.5
[13:20] <@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.
[13:22] <JimL14> how did u know & monitor JB?
[13:23] <+jbuch> reported on market watch
[13:23] <+JimL14> Thk U ;>
[13:23] <+jbuch> didn't monitor it just saw the results
[13:25] <+jbuch> Exited all ES Long @ 1021.75 --> + 0.25
[13:25] <+JimL14> i didn't have all my Blmbrg, FinViz, or MktWatch on,now I'm reading http://www.bloomberg.com/apps/news?pid= ... A94SAg2ZoY
[13:26] <+jbuch> was confused so bailed
[13:27] <+JimL14> I think with US govment borrowing @ all time high the economic news alerts s/b covering the dates/times, its blipped the mrkt now a few times right after the articles are read
[13:28] <+jbuch> the correlation with the market confuses me
[13:30] <+jbuch> keep forgetting to check when the auctions are. good time to be out of the market around anouncment time
[13:30] <+JimL14> i don't yet understand the relevance & correlation of the specific auction resulkts, but the releases of the info tweeks the emnins
[13:31] <+jbuch> yeah for sure
[13:33] <+jbuch> I don't think the market understands it either
[13:34] <+jbuch> damned if it is a good auction and screwed if it fails
[13:36] <+jbuch> oil right up around its high of day everything else looks like it is about to collapse to me
[13:40] <TarderG> looks like things will pop
[13:41] <+jbuch> looks like ur right
[13:41] <+TarderG> 3:00pm USD Consumer Credit m/m
[13:42] <+TarderG> EJ is at a RENKO peak
[13:42] <+jbuch> poking above the down tl
[13:49] <+TarderG> it seems that I was wrong
[13:50] <+TarderG> no pop yet
[13:53] <+jbuch> Long ES @ 1021.25
[13:54] <+jbuch> chased it
[13:55] <+jbuch> i was like 1 second to late to catch it at 20.5
[13:59] <+jbuch> at the trend again
[14:01] <+jbuch> Exited all ES Long @ 1022.5 --> + 1.25
[14:02] <+jbuch> expanding triangle
[14:06] <+jbuch> what a trainwreck
[14:10] <+jbuch> Long ES @ 1022
[14:16] <+werner> Shorts NQ @ 1649.00
[14:17] <+werner> Covered all NQ Short @ 1647.50 --> + 1.5
[14:18] <+jbuch> Exited all ES Long @ 1022.25 --> + 0.25
[14:18] <+jbuch> Shorts ES @ 1022
[14:19] <+werner> Shorts NQ @ 1648.50
[14:19] <+jbuch> had an extra short at 1022.25
[14:19] <+jbuch> by accident
[14:19] <+werner>
[14:20] <+jbuch> moved so fast I gat a shittyfill to boot
[14:20] <+jbuch> hopefullly it ends witha smilley face
[14:20] <+werner> brr
[14:23] <+jbuch> Covered all ES Short @ 1022.75 --> - 0.75
[14:23] <+werner> Covered all NQ Short @ 1649.00 --> - 0.5
[14:25] <+jbuch> this is thesame range from 8/21
[14:26] <+jbuch> we were caught here for several hours
[14:26] <+werner> yep
[14:33] <+werner> Shorts NQ @ 1649.25
[14:36] <+jbuch> Long ES @ 1023
[14:40] <+werner> Covered all NQ Short @ 1650.75 --> - 1.5
[14:42] <+werner> Shorts NQ @ 1650.75
[14:42] <+jbuch> Exited all ES Long @ 1023.75 --> + 0.75
[14:45] <+jbuch> Long ES @ 1024
[14:47] <+jbuch> Exited all ES Long @ 1023.5 --> - 0.5
[14:51] <+jbuch> Long ES @ 1023.75
[14:51] <+jbuch> keep forgetting to push enter
[14:52] <codehead> consumer credit at top of hour
[14:52] <+jbuch> Exited all ES Long @ 1024 --> + 0.25
[14:57] <+codehead> short 1025.00 ES <paper>
[14:57] <+codehead> against the trend... just tracking tick fade on paper
[14:57] <+codehead> target 1022.00, stop 1028.00
[14:58] <+codehead> dicey because 1022 suppport
[14:59] <+codehead> whoops, target 1023.00
[15:00] <+jbuch> Shorts ES @ 1024
[15:00] <+codehead> exit ES +2.00 <paper>
[15:02] <+jbuch> Covered all ES Short @ 1023.5 --> + 0.5
[15:02] <+jbuch> nice entry code
[15:05] <+jbuch> Shorts ES @ 1023
[15:05] <+jbuch> cc is horrible
[15:06] <+codehead> doesn't look likely we'll break 1025.5 lid
[15:07] <+jbuch> maybe that is not a bad thing though
[15:07] <+werner> Covered all NQ Short @ 1648.25 --> + 2.5
[15:07] <+werner> pfff
[15:07] <+jbuch> nice werner
[15:08] <+werner>
[15:08] <+werner> it took a long time
[15:09] <+jbuch> Covered all ES Short @ 1022.75 --> + 0.25
[15:16] <+werner> Long NQ @ 1649.25
[15:16] <+jbuch> Long ES @ 1023.25
[15:16] <+jbuch>
[15:16] <+werner> lol
[15:19] <+JimL14> 3:00pm USD Consumer Credit m/m -21.6Bact -3.8Best -15.5Bprev
[15:22] <+jbuch> Exited all ES Long @ 1022.75 --> - 0.5
[15:22] <+jbuch> Long ES @ 1023
[15:23] <@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.
[15:24] <+werner> Exited all NQ Long @ 1651.25 --> + 2
[15:25] <+werner> i cant hold it
[15:28] <+werner> go go es
[15:31] <+jbuch> jeeze go or take me out
[15:33] <+werner> i pray for you
[15:34] <+werner> go go
[15:34] <+jbuch> lol
[15:34] <+jbuch> u and my mom
[15:34] <+werner> hihi
[15:35] <+jbuch> here we go
[15:35] <+werner> yep
[15:36] <+werner> ai that 25.50
[15:36] <+jbuch> Exited all ES Long @ 1024.5 --> + 1.5
[15:36] <+jbuch> bummer
[15:37] <+jbuch> brb
[15:37] <+werner> nice
[15:38] <+codehead> vn
[15:40] <+werner> done here....gn all
[15:40] <+codehead> cya
[15:41] <+werner> cya codehead
[15:48] <@wrbtrader> very slow day
[15:48] <@wrbtrader> I'm sitting on a small loss for the day but won't complain because it could have been a lot worst due to how the volatility has dried up most of the trading day.
[15:49] <kosmipt> 6 pt range on emini ES, pathetic
[15:49] <+jbuch> Long ES @ 1024.25
[15:49] <+jbuch> yeah tough day
[15:52] <+jbuch> range is barely bigger than yesterdays so far
[15:54] <+jbuch> hanging on to everything longer than usual cause I am hoping it might breakout and expand the range.
[15:54] <@wrbtrader> Long ES @ 1024.75 -> medium size
[15:54] <@wrbtrader> 5 only
[15:56] <+jbuch> man this the seveenth time today that we have been up here
[15:56] <@wrbtrader> Exited all ES Long @ 1024.75 --> 0
[15:57] <@wrbtrader> Long ES @ 1024.50 -> medium size
[15:57] <@wrbtrader> 5 only
[16:00] <@wrbtrader> even the closing price action lacking in volatility
[16:01] <@wrbtrader> Exited all ES Long @ 1024.25 --> - 0.25
[16:02] <@wrbtrader> Shorts ES @ 1024.50 -> large size
[16:02] <@wrbtrader> 6 only
[16:04] <@wrbtrader> The only thing good about today is that the market will WANT to be more active tomorrow
[16:04] <@wrbtrader> Hopefully it sets up a strong directional price movement tomorrow.
[16:09] <+jbuch> Exited all ES Long @ 1024.75 --> + 0.5
[16:13] <+jbuch> a fitting ending
[16:13] <@wrbtrader> true
[16:15] <jigglyhippo> hey guys we rollover on thursday?
[16:15] <@wrbtrader> Covered all ES Short @ 1025.00 --> - 0.5
[16:15] <@wrbtrader> Yes
[16:15] <@wrbtrader> should be
[16:16] <@wrbtrader> I average now about 1 losing trading day per month but usually won't get the loss until towards the end of the month when I become too aggressive.
[16:17] <@wrbtrader> Getting a loss today when not aggressive is very unusual.
[16:17] <@wrbtrader> Hopefully the volatility picks up this week to prevent a difficult short week of trading.
[16:19] <+jigglyhippo> yeah should pick up next week, maybe not this week due to rollover
[16:22] <+jbuch> wrbtrader do u feel as though there is some pressure off since u don't have to try and maintan ur winning streak
[16:38] <@wrbtrader> jbuch...I intentionally ended my win streak not too long ago to get rid of the pressure.
[16:39] <@wrbtrader> Mainly due to the fact that the volatility dried up this year and maintaining that streak was extremely difficult considering the streak occurred during high volatility trading conditions.
[16:42] <@wrbtrader> Take care all and see all tomorrow.
[16:43] * wrbtrader is now known as wrbtrader_away

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