##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: Thu Sep 10 09:25:20 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.
[09:25] <rickf> .
[09:27] <jbuch> good morning
[09:28] <Forex2stay> EURO having some crazy price action this morning
[09:29] <drt>
[09:29] <@wrbtrader> Good morning all...don't forget today is rollover (contract change from U to Z) for the Emini Futures.
[09:30] <pat255> n thks
[09:31] * codehead_afk is now known as codehead
[09:32] <JimL14> 10:30am USD Natural Gas Storage 77-Best 65B-prev
[09:33] <+JimL14> 11:00am USD Crude Oil Inventories -1.5M:est -0.4M:prev
[09:33] <+JimL14> 12:30pm USD FOMC Member Lockhart Speaks
[09:33] <+JimL14> 1:00pm USD Treasury Sec Geithner Speaks
[09:34] <+JimL14> http://www.forexfactory.com/calendar.ph ... 9-9-10&c=2
[09:35] <+jbuch> Long ES @ 1033
[09:36] <+rickf> ugh i hate rolloverdays - always throws my charts off until volume picks up
[09:37] <+jbuch> Exited all ES Long @ 1032.75 --> - 0.25
[09:38] <+jbuch> that was a smackdown
[09:40] <JimL28> Shorts TF @ 585.3
[09:40] <+JimL28> 1
[09:40] <+JimL28> Covered all TF Short @ 583.9 --> + 1.4
[09:40] <+jbuch> the fact that all historical highs, lows and consolidation areas r no longer any good just sucks.
[09:41] <+jbuch> bucking bronco today
[09:41] <@wrbtrader> Shorts ES @ 1026.75 -> large size
[09:41] <@wrbtrader> 9 only
[09:41] <+JimL28> Shorts TF @ 584.4
[09:41] <+JimL28> 1
[09:42] <pdays> u could use a conversion factor
[09:43] <+jbuch> Shorts ES @ 1030.5
[09:44] <+JimL28> Shorts TF @ 584.1 -> Add
[09:44] <+jbuch> lol
[09:44] <+JimL28> Covered all TF Short @ 583.5 --> + 1.5
[09:45] <+rickf> vn
[09:46] <+JimL14> sticky fingers & blew the stop placmnt :<
[09:46] <+JimL14> took me out @ pivot swng
[09:47] <@wrbtrader> Covered all ES Short @ 1023.50 --> + 3.25
[09:47] <+jbuch> Covered all ES Short @ 1028 --> + 2.5
[09:47] <+pat255> vn
[09:47] <+jbuch> synchronized trading
[09:48] <+pdays> Long TF @ 581.5
[09:48] <+pdays> Exited all TF Long @ 582.0 --> + 0.5
[09:49] <+jbuch> is the spread on tf tight and do u guys ever see any slippage?
[09:51] <@wrbtrader> slippage depends on the entry itself
[09:51] <@wrbtrader> It's also an issue with something like a "market order".
[09:52] <+JimL14> each tick .10 of a pt = $10, @ current trading volumes in fast moves can be 1 & sometimes 2 ticks, i never use entries with market orders, & set stops closer than i want
[09:53] <@wrbtrader> Other than that...TF is normal but I do see less contracts traded in comparison to when it was known as ER2.
[09:54] <+JimL14> i discovered this by trial & ERROR, came from YM & had to rework the whole paradigm after shift to ICE
[09:54] <+jbuch> that is a shame
[09:55] <+jbuch> I find that during high vol periods I can get in and out without price moving past my entry
[09:56] <+jbuch> other than than TF looks nice more bang for the buck
[09:57] <+JimL14> each week TF gets better & better, hopefully this fall it will continue to gather more trading volumes, I've already noticed larger block trade going through
[09:58] <Sidhartha> NQ is also more bang for your buck... not sure why more people don't trade it vs ES
[10:00] <@wrbtrader> Long ES @ 1026.50 -> small size
[10:00] <@wrbtrader> 2 only
[10:00] <+JimL28> Long TF @ 584.9 «« simulator »»
[10:00] <+JimL28> 2
[10:01] <+Sidhartha> at the end of the day we are all trading vol. in some shape or form... and the key measurement is that vol. vs the tick size of the contract...
[10:01] <+JimL28> Exited 1/2 TF Long @ 585.5 --> + 0.6 «« simulator »»
[10:01] <+Sidhartha> on that basis, ES is not one of the better contracts to trade
[10:01] <@wrbtrader> Read "Don't Fear September's Bear" @ http://www.forbes.com/2009/09/09/septem ... ility.html
[10:01] <+JimL28> Exited Remainder TF Long @ 585.9 --> + 1 «« simulator »»
[10:02] <+jbuch> Long NQ @ 1673
[10:03] <@wrbtrader> Exited all ES Long @ 1028.50 --> + 2
[10:04] <+jbuch> Exited all NQ Long @ 1676 --> + 3
[10:06] <+JimL28> Long TF @ 585.8 «« simulator »»
[10:06] <+JimL28> 2
[10:06] <+JimL28> Exited all TF Long @ 586.4 --> + 0.6 «« simulator »»
[10:08] <+jbuch> Shorts NQ @ 1675
[10:10] <+JimL14> in wedge now, i need to work on handling effeciently wedges indecision recognition'
[10:10] <+jbuch> Covered all NQ Short @ 1675 --> 0
[10:11] <+jbuch> I like the smaller fractal
[10:12] <+pat255> man if one miss the first am trade becomes danferous to attempt trades later
[10:12] <+JimL28> Shorts TF @ 586.5 «« simulator »»
[10:12] <+JimL28> 2
[10:13] <+JimL28> Covered all TF Short @ 586.6 --> - 0.1 «« simulator »»
[10:14] <+JimL28> Shorts TF @ 586.4 «« simulator »»
[10:14] <+JimL28> 2
[10:14] <+JimL28> Covered 1/2 TF Short @ 585.7 --> + 0.7 «« simulator »»
[10:15] <kosmipt> looks like range bound day so far
[10:16] <+JimL28> Covered Remainder TF Short @ 586.3 --> + 0.1 «« simulator »»
[10:19] <+jbuch> but on this particular range es made more $
[10:20] <+jbuch> have u found NQ'S range to be greater historically sid
[10:21] <+Sidhartha> sure... but if you plot bar range (or body range) over min tick size of any contract, you will find that consistently TF & NQ show more desireable vol characteristics than ES...
[10:22] <+Sidhartha> Now the unknownm becomes are those contracts liquid enough to consistenly execute where u want to as the ES is...
[10:22] <+jbuch> right on
[10:24] <+jbuch> certianly outperformed on the waydown
[10:26] <codehead> wow, was talking about leveraged funds yesterday... now i see that DXO stopped trading as of yesterday
[10:26] <+codehead> double long oil
[10:26] <+codehead> it was very popular, but they shut it down on regulatory fears
[10:29] <+Forex2stay> natual gas 1min
[10:45] <TraderG> tf, es, ym, nq is the order of daily $ range if memory serves
[10:46] <+TraderG> (max-min)*point val
[10:48] <+TraderG> actually i found a spreadsheet i did on this last year and the order was tf, es, nq, ym but that may have changed since then
[10:49] <+Sidhartha> the calculation I used was something like 200 day moving average of bar range (or body range) / minimum tick size...
[10:49] <+Sidhartha> the higher that ratio, the better the vol relative to tick size...
[10:50] <+Sidhartha> I'm not sure 'point val' is relevant... since you want to compare price with price
[10:50] <+TraderG> i beg 2 differ
[10:51] <+Sidhartha> go for it
[10:51] <+TraderG> i took the atr(50)*point value
[10:51] <+TraderG> just relying on price is meaningless
[10:51] <+Sidhartha> why?
[10:52] <+TraderG> look at how many points does each on e move
[10:52] <+Sidhartha> vol is inherently a price based measure
[10:52] <+JimL28> Long TF @ 586.2 «« simulator »»
[10:52] <+JimL28> 3
[10:52] <+JimL28> Exited 1/3 TF Long @ 587 --> + 0.8 «« simulator »»
[10:52] <+TraderG> maybe i am missing the point of the discussion
[10:52] <+Sidhartha> at the end of the day i'm trying to isolate the more favourable vol characteristics
[10:53] <+JimL28> Exited 2/3 TF Long @ 587.6 --> + 1.4 «« simulator »»
[10:53] <+TraderG> if u want 2 trade the instrument that will give u the most bang/move u have to do that based on the move and the value of the move
[10:53] <+Sidhartha> a perfect example of a very liquid contract with terrible vol charcateristics is th EuroStoxx 50
[10:53] <+TraderG> ok. now i c your point
[10:54] <+Sidhartha> TraderG, all thr e-mini's have sufficient liquidity to accomdate the size we trade... i.e. usually less than 10 contracts
[10:54] <+TraderG> liquidity aside i think that one has 2 use the $ move and not just the point
[10:54] <+TraderG> yes they du
[10:55] <+TraderG> btw - those who know me realize that my spelling errors are deliberate
[10:55] <+TraderG>
[10:55] <+Sidhartha> I agree that whether you can actually excute the size you want on the bid or offer without slippage is an important discussion... but it's hard to measure... comes more from experience I think
[10:55] <+TraderG> except for the ones that I realy don't know how 2 spell
[10:57] <+TraderG> i thought that the discussion was which instrument will make you more $$$ in a given range
[10:58] <+TraderG> my stats were based on the assumption that one would catch the top and the bottom of the day. not that this is realistic but it gives an idea for what might happen in a smaller range
[10:58] <+Sidhartha> you end up at the same point... lets pretend you have to execute 3 NQ where you would excute 2 ES... once your exposure is equal, it comes down to price movement only
[10:59] <+TraderG> even if you include margin (which is another stats that I ran) TF comes out on top
[10:59] <@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.
[11:04] <+TraderG> Init Marg Point Val ATR(10) $/Day
[11:04] <+TraderG> TF 2500 100 13.62 1362
[11:04] <+TraderG> ES 2812 50 19.05 953
[11:04] <+TraderG> YM 3250 5 169.09 845
[11:04] <+TraderG> NQ 1750 20 31.51 630
[11:05] <+TraderG> i'll try again
[11:05] <+TraderG> Init Marg Point Val ATR(10) $/Day
[11:05] <+TraderG> TF 2500 100 13.62 1362
[11:05] <+TraderG> ES 2812 50 19.05 953
[11:05] <+TraderG> YM 3250 5 169.09 845
[11:05] <+TraderG> NQ 1750 20 31.51 630
[11:05] <+TraderG> sorry . cannot get the colomns right
[11:06] <+Sidhartha> right... you've got NQ bottom... but I would beg to differ. I think the NQ actually have very favourable vol characteristics... it's only coming out bottom on your list because 1 contract is worth less $...
[11:06] <+Sidhartha> so what... execute more contracts!!
[11:06] <+TraderG> ok
[11:06] <+Sidhartha> again, do 3 NQ instead of 2 ES etc..etc..
[11:06] <+TraderG> i'll equalize the margin requirements
[11:07] <+TraderG> just a sec
[11:09] <+JimL28> Long TF @ 588.8 «« simulator »»
[11:09] <+JimL28> 3
[11:09] <+JimL28> Exited 1/3 TF Long @ 589.2 --> + 0.4 «« simulator »»
[11:09] <+TraderG> TF 10
[11:09] <+TraderG> ES 9
[11:09] <+TraderG> YM 8
[11:09] <+TraderG> NQ 14
[11:10] <+TraderG> these are equalized number of contracts based on init margin
[11:10] <+TraderG> TF 13620
[11:10] <+TraderG> ES 8468
[11:10] <+TraderG> YM 6503
[11:10] <+TraderG> NQ 9003
[11:11] <+Sidhartha> right... so that tells you the ratios you need to execute to keep exposure the same..
[11:11] <+TraderG> this is the $ move per day for the above number of contracts
[11:11] <+TraderG> so in this case TF is even a better deal
[11:11] <+JimL28> Exited all TF Long @ 589 --> + 0.2 «« simulator »»
[11:11] <+TraderG> NQ is second
[11:11] <+TraderG> ES is 3rd
[11:11] <+TraderG> YM is last
[11:12] <+Sidhartha> TraderG... we can take this off line... I think you are comparing apples with oranges...
[11:12] <+Sidhartha> at the end of the day using daily range as a measure for vol isn't great since as you said it's completely unrealistic
[11:13] <+TraderG> but a fraction of the move is realistic and the stats is still valid
[11:13] <+TraderG> on the smaller moves
[11:13] <+Sidhartha> i don't agree with your method...
[11:13] <+TraderG> you win
[11:14] <+Sidhartha> margin is largely irrelevant for a well funded day trader who doesn't hold overnight...
[11:15] <+Sidhartha> anyway, a few of us seem to be thinking along the same lines in terms of looking for the best price action
[11:15] <+TraderG> but you have to see what you can do with your account - margin wise
[11:15] <+TraderG> for ROI purposes
[11:15] <+jbuch> holy toledo ur fingers must hurt.
[11:15] <+TraderG> hahahaha
[11:15] <+TraderG> I use text 2 speech
[11:16] <+TraderG> sorry speech 2 text
[11:16] <@wrbtrader> Shorts ES @ 1031.50 -> small size
[11:16] <@wrbtrader> 2 only
[11:16] <+jbuch>
[11:20] <@wrbtrader> Covered all ES Short @ 1031.50 --> 0
[11:21] <@wrbtrader> trade management error...didn't exit @ 1031.00
[11:22] <@wrbtrader> Shorts ES @ 1030.75 -> small size
[11:22] <@wrbtrader> 3 only
[11:22] <@wrbtrader> same trade as before but only because the prior trade price action is still active
[11:24] <+jbuch> just got done reading the novel )
[11:24] <+JimL14> 3rd time this week eminis trying to break these high swings
[11:28] <+jbuch> at the up tl here
[11:29] <+jbuch> Long NQ @ 1035
[11:31] <@wrbtrader> Covered all ES Short @ 1030.50 --> + 0.25
[11:36] <+pat255> looks like 1st 1/2 hr is great fro trades ...after the 1st hr it is very iffy ...unless it is trend day
[11:37] <@wrbtrader> Long ES @ 1031.50 -> medium size
[11:37] <@wrbtrader> 4 only
[11:38] <@wrbtrader> will continue increasing size if stopped out for a loss while the "intermarket analysis" shows support from Oil and Gold
[11:38] <@wrbtrader> without the support...I'll keep it 1 - 2 contracts only
[11:40] <+pat255> oil is slipping a bit
[11:40] <+jbuch> Exited 1/2 NQ Long @ 1036 --> + 1
[11:40] <+JimL14> trying for swings again
[11:43] <luffy> sup
[11:43] <+luffy> how u guys doing?
[11:43] <+jbuch> oops I am in ES
[11:43] <+jbuch> nto NQ
[11:43] <+JimL14> after a rather slopping bounce up from the upsloping TL JB mentioned, that attempt slapped back back
[11:44] <+jbuch> yeah this is a significant high
[11:44] <+jbuch> risking 1 tick on remainder
[11:46] <+luffy> jb good chance price test hi again.. gotta see how tick turns oout..
[11:47] <+jbuch> doesn't look very hopefull.
[11:47] <+JimL14> i haven't been posting with this move, practicing the entrie/exits in all these little wedges on the way up
[11:47] <+jbuch> not in referance to ur post luffy
[11:47] <+jbuch> think I will get stopped out
[11:48] <+luffy> looking ok here
[11:48] <+jbuch> yup
[11:48] <+luffy> i'm waiting to short the damn hi
[11:48] <+luffy> caught the low today for 10 pts really happy
[11:49] <+jbuch> wow awesome luffy
[11:49] <+luffy>
[11:49] <+jbuch> manu CAUGHT THE ENTIRE RANGE THAT IS AWESOME
[11:50] <+luffy> yea
[11:50] <+luffy> got in 1 tick from the low
[11:50] <+luffy> lucky
[11:50] <+luffy> closed it 37.75
[11:50] <+jbuch> NO SHIAT
[11:50] <+luffy> super lucky today
[11:50] <+luffy> i wanted to exit every time price went down
[11:50] <+luffy> but i held on
[11:51] <@wrbtrader> Exited all ES Long @ 1031.50 --> 0
[11:51] <+luffy> looks like price is having hard time to test the high
[11:51] <+luffy> we are entering lunch...
[11:51] <@wrbtrader> just lost my support from Gold and Oil...just enough to spook me out of the trade
[11:52] <+luffy> wrb, are u wrbtrader or am i confused?
[11:52] <@wrbtrader> Yes
[11:52] <+luffy> cool
[11:53] <+jbuch> does that mean that luffy is confused or that
[11:53] <+jbuch>
[11:53] <+luffy> lol
[11:53] * rickf is now known as confused
[11:53] <+luffy> haha
[11:53] <+jbuch>
[11:53] * confused is now known as rickf
[11:53] <+rickf> sorry couldn't resist
[11:53] <@wrbtrader> Announcement Once Again - My user name has changed to wrbtrader so that it is in lined with my user name used on twitter which is where I'm gradually navigating towards as I get things setup over there.
[11:54] <+jbuch> oh man just about bailed
[11:54] <+rickf> twitter? i only now got into it ... mostly lurking on a few feeds
[11:54] <+rickf> i don't tweet myself
[11:54] <+rickf> wait that didn't sound right
[11:54] <+luffy> lol
[11:54] <+luffy> haha
[11:54] <+rickf> i don't post updates to twitter but i lurk on a few threads
[11:54] <+luffy> ic
[11:54] <+luffy> takes too much for me to twit
[11:55] <+luffy> i dont think ppl care... that i want sushi for lunch
[11:55] <+rickf> actually only twitters i follow are trading / investing folks
[11:55] <+JimL14> that's some pretty fast/wild PA in this wedge area
[11:55] <+rickf> no social stuff
[11:56] <@wrbtrader> I can tweet faster than I can post here on IRC and I have more options (12 different ways) to send a tweet. In comparison, only one way to send a post here on IRC.
[11:56] <+jbuch> guess I shoulda
[11:56] <+luffy> true
[11:56] <+luffy> wrb once u get it all setup i'll sign up
[11:56] <+luffy>
[11:57] <+rickf> following you now
[11:57] <@wrbtrader> thanks rickf
[11:57] <+rickf>
[11:57] <+rickf> need to find a good osx twit client now ... the one i am using is so-so
[12:00] <OICU812> hey guys
[12:00] <+OICU812>
[12:00] <+jbuch> morning OIC
[12:07] <+jbuch> forming a wedge
[12:09] <+codehead> http://www.chicagoclimatex.com/market/data/summary.jsf
[12:09] <+codehead> carbon offet market
[12:09] <+codehead> peaked above $7 a year ago, now trading at 0.25
[12:10] <+luffy> oic
[12:12] <+luffy> code are those carbon credits?
[12:12] <+codehead> it's the carbon offset market--i'm not sure how it's invested
[12:12] <+codehead> but basically, yes
[12:13] <+jbuch> I have read thatwill be the next bubble
[12:14] <+codehead> personally, i think if they trade anything over $0, it's a bubble ;-)
[12:14] <+codehead> but yes, a lot of people want that market
[12:15] <+codehead> GS owns 10% of the (future) carbon trading market
[12:15] <+codehead> so they'd like it for sure
[12:16] <+luffy> lol code... anything over 0 is a bubble
[12:16] <+luffy> yea its bullshit
[12:16] <+luffy> just tax it instead of letting goldman make all the profits
[12:16] <+codehead> if they taxed it, would be too obvious to people they were paying for a scam
[12:16] <+codehead> so they want it to be a business instead
[12:17] <+luffy> i mean the carbon market will only profit goldman... whereas a tax would actaully bring money into the coffers
[12:17] <+luffy> at least
[12:17] <+codehead> true
[12:18] <+codehead> and be much more transparent--people would have a better idea of what the money is being used for, etc
[12:18] <+luffy> yea goldman will just run up the cost of credits when the factories need em and squeeze them
[12:18] <+luffy> fuckers
[12:19] <+luffy> man lunch is slow
[12:20] <+jbuch> that and the health care debaucle r 2 great representations of why our law passing system is broken.
[12:21] <+jbuch> Exited all NQ Long @ 1034.75 --> - 0.25
[12:24] <+jbuch> biatch
[12:26] <+OICU812> NQ jb?
[12:28] <+jbuch> Long ES @ 1035.75
[12:28] * [1]luffy is now known as luffy
[12:28] <+jbuch> did a couple of trades this am in NQ forgot to switch my settings back
[12:41] <+jbuch> man 2 steps forward 1 step back
[12:43] <+jbuch> actually more like 1.25 steps forward 1 step back
[13:02] <@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.
[13:08] <+jbuch> Exited all ES Long @ 1038.25 --> + 2.5
[13:12] <+jbuch> that inverse of the turtle traders trade is a grreat trade
[13:16] <luffy> shorted 1038
[13:16] <+luffy> for swing back to LOD
[13:16] <+luffy> 10pt tgt
[13:16] <+jbuch> babe ruthing it
[13:17] <+luffy> hell yea
[13:17] <+jbuch> lol
[13:17] <+jbuch> love it go big or go home
[13:17] <+luffy> yup
[13:17] <+luffy> i suck at small scalps..
[13:17] <+luffy> tried very very hard at it
[13:17] <+luffy> but this style seems to be easier
[13:18] <+luffy> shoulda got a better fill tho i jumpped the gun
[13:23] <+luffy> what was that
[13:23] <+luffy> huge buy spike
[13:23] <+jbuch> that or a huge dump spike
[13:23] <+luffy> it was buy vol...
[13:24] <+luffy> werid
[13:24] <+luffy> all absorbed tho
[13:24] <+luffy> tick is not going down yet
[13:24] <+luffy> could get another up test
[13:24] <+jbuch> what is buy vol
[13:24] <+luffy> god i wanna exit my 39 short and load up atagin at 38.75
[13:24] <+luffy> price went up
[13:25] <+luffy> nevermind that
[13:25] <+luffy> i mean my 38 short...
[13:25] <+luffy> exit here and load up.. but that's not in the play book.. gonna stick with discipline
[13:25] <+jbuch> I don't think babe ruth would do that
[13:25] <+luffy> no
[13:25] <+luffy> hehe
[13:25] <+jbuch> hehe
[13:25] <+luffy> i'm gonna stay the course
[13:29] <+luffy> come on...
[13:29] <+luffy> tank tank
[13:30] <+luffy> 37 being supported i think
[13:30] <+jbuch> yeah
[13:30] <+jbuch> it is atthe up tl to
[13:30] <+luffy> icic
[13:30] <+luffy> fuck...
[13:30] <+luffy> i really wanna exit here and add back in
[13:30] <+jbuch> if it breaks might pick up some steam
[13:30] <+luffy> i feel up test eminent
[13:31] <+luffy> but i'mma stick with the plan
[13:31] <+jbuch> be the great Bambino that u want to be
[13:32] <+luffy> yea sticking with the plan...
[13:33] <MK> Shorts ES @ 1037.5 -> Add «« paper »»
[13:33] <+jbuch> where r u short from MK
[13:34] <+luffy> u guys have 37.25 as vwap?
[13:34] <+luffy> i have that on my ts matrix
[13:35] <+jbuch> no 33.5
[13:35] <+luffy> k
[13:37] <+MK> from yesterday around 1030
[13:37] <+luffy> do u have a stop mk?
[13:37] <+MK> no
[13:38] <+rickf> long 6E 1.4584
[13:38] <+jbuch> Long ES @ 1037.5
[13:40] <+luffy> jb stop fading me!
[13:40] <+luffy> jk
[13:41] <+jbuch> sorry don't wanna mess with ur mojo just a set up
[13:42] <+rickf> exit 6e 1.4589 +5
[13:43] <+luffy> jk man no worries
[13:44] <+jbuch> Exited all ES Long @ 1038.25 --> + 0.75
[13:44] <+luffy> nice
[13:45] <+rickf> yt
[13:45] <+rickf> ty
[13:48] <@wrbtrader> Long ES @ 1035.25 -> medium size
[13:48] <@wrbtrader> 4 only
[13:49] <@wrbtrader> sneaky little booger
[13:49] <@wrbtrader> 5 seconds too slow for an entry @ 1034.50
[13:49] <+luffy> took some losses there
[13:50] <+luffy> last try
[13:50] <+luffy> 39.25
[13:50] <+luffy> 2 pt stop
[13:50] <+jbuch> Long ES @ 1040
[13:51] <@wrbtrader> Exited all ES Long @ 1037.25 --> + 2
[13:51] <+jbuch> Exited all ES Long @ 1041.75 --> + 1.75
[13:51] <+luffy> damn i gave away 5 pts
[13:52] <+rickf> i gave up 10
[13:52] <+rickf> owell
[13:52] <@wrbtrader> what goes around comes around...lucky exit for me because I was about to dump it at 1036.25 when it suddenly popped another point higher
[13:52] <+luffy> last try 41.5 1 pt stop
[13:52] <+luffy> that's it
[13:52] <+luffy> no more
[13:52] <+jbuch> tick tagged 1200
[13:54] <+jbuch> Long ES @ 1041.25
[13:57] <+luffy> stopped
[13:57] <+luffy> i'm done today
[13:57] <+jbuch> Exited all ES Long @ 1042.25 --> + 1
[14:26] <+JimL14> re: Treas auctions, here's good blog that is starting to cover the affect on usg borrowings/debt load http://www.zerohedge.com/article/treasury-auction-recap
[14:27] <+JimL14> tthat was last night's post on yesterday auctions, here's todays results & I believe commentary will follow latter http://www.zerohedge.com/article/12-bil ... -bid-cover
[14:29] <+JimL14> btw the big, big (000's) block of sep TF closing out here @ these prices,
[14:31] <+JimL14> some 15,000 contracts over the last 20 min 592-593
[14:32] <+JimL28> Shorts TF @ 592.4 «« simulator »»
[14:32] <+JimL28> 3
[14:33] <+JimL28> Covered 1/3 TF Short @ 592 --> + 0.4 «« simulator »»
[14:34] <+JimL28> Covered Remainder TF Short @ 592.2 --> + 0.2 «« simulator »»
[14:47] <+JimL28> Shorts TF @ 592.5 «« simulator »»
[14:47] <+JimL28> 3
[14:48] <jigglyhippo> Can someone tell me the price of the ESU09 contract?
[14:48] <+jigglyhippo> I think I may be having data problems
[14:48] <+JimL28> Covered 1/3 TF Short @ 592.2 --> + 0.3 «« simulator »»
[14:51] <+jigglyhippo> anyone around?
[14:51] <+rickf> wzp
[14:51] <+jigglyhippo> rick can you tell me the price of the ESU09 contract
[14:52] <+rickf> 1014.50
[14:52] <+rickf> give or take a tick
[14:52] <+jigglyhippo> thanks man
[14:52] <+rickf> np -- tho you should be on Z now
[14:52] <+jigglyhippo> is the ESZ09 in the 20's?
[14:52] <+JimL28> Covered 2/3 TF Short @ 591.7 --> + 0.8 «« simulator »»
[14:52] <+jigglyhippo> sorry 30's
[14:52] <+rickf> 1037
[14:54] <+jigglyhippo> thanks rick
[14:54] <+rickf>
[14:58] <+JimL28> Covered Remainder TF Short @ 592.3 --> + 0.2 «« simulator »»
[14:59] <+rickf> last hour
[15:02] <+JimL28> Shorts TF @ 591.8 «« simulator »»
[15:02] <+JimL28> 3
[15:03] <+JimL28> Covered all TF Short @ 591.6 --> + 0.2 «« simulator »»
[15:06] <+rickf> long es 1035.50 paper
[15:08] <MK> Shorts ES @ 1040.75 -> Add «« paper »»
[15:08] <@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.
[15:13] <+JimL28> Long TF @ 591 «« simulator »»
[15:13] <+JimL28> 3
[15:15] <+JimL28> Exited all TF Long @ 591.3 --> + 0.3 «« simulator »»
[15:19] <+jbuch> Shorts ES @ 1038.75
[15:24] <+jbuch> Shorts ES @ 1039.5 -> Add
[15:24] <+rickf> frakking vol just died
[15:24] <+jigglyhippo> Shorts ES @ 1039.50
[15:24] <+jigglyhippo> my stop is a bit wide
[15:24] <+jigglyhippo> 1044
[15:25] <+jbuch> ruh roh
[15:27] <winmax60> 2
[15:27] <+jbuch> trying to exit at 39
[15:27] <+winmax60> oops...sorry...!
[15:27] <+jigglyhippo> not liking the pa?
[15:27] <+jbuch> nope looks like up
[15:29] <+jbuch> Covered all ES Short @ 1040.25 --> - 2.25
[15:30] <+jbuch> hmm the gerbels in the machine r screwing up the math again
[15:30] <+rickf> exit es 1036.25 +.75
[15:30] <+rickf> paper
[15:37] <+jbuch> Long ES @ 1041.25
[15:38] <+MK> Shorts ES @ 1041 -> Add «« paper »»
[15:42] <+jbuch> Exited all ES Long @ 1042.25 --> + 1
[15:46] <+MK> Shorts ES @ 1042.25 -> Add «« paper »»
[15:52] <+MK> Shorts ES @ 1043.25 -> Add «« paper »»
[15:53] <+luffy> i'm out.. c u guys tomorrow!
[15:53] <+jigglyhippo> damn looks like 1050 is possible now
[15:54] <+jbuch> huge gap on theweeklyright above here
[15:55] <+jbuch> Long ES @ 1043
[15:56] <+jbuch> sorry space bar still screwed up
[15:56] <+jbuch> daughter ripped it off a couple weeks ago
[16:00] <+jbuch> dang just noticed the time
[16:00] <+jbuch> Exited all ES Long @ 1042.5 --> - 0.5
[16:00] <+rickf> ok see y'all tomorrow
[16:00] <+rickf> god trading and good night
[16:01] <+jbuch> yup I am outta here to
[16:07] <+jigglyhippo> same here later all
[16:11] <@wrbtrader> Take care all, gotta go to a teacher/parent meeting for the kids. See all tomorrow.
[16:11] * wrbtrader is now known as wrbtrader_away

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