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. ------------------------
Session Start: Mon Sep 14 09:29:13 2009
Session Ident: #futurestrades
[09:29] * Now talking in #futurestrades
[09:29] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:29] <drt>
all
[09:33] <rickf>
[09:33] <Forex2stay>
[09:33] <jbuch> morning all
[09:35] <@wrbtrader> Long ES @ 1032.50 -> large size
[09:35] <@wrbtrader> 9 only
[09:35] <[1]luffy>
[09:36] <@wrbtrader> Exited all ES Long @ 1031.50 --> - 1
[09:37] <@wrbtrader> Long ES @ 1031.50 -> large size
[09:37] <@wrbtrader> 9 only
[09:37] <@wrbtrader> Exited all ES Long @ 1031.00 --> - 0.5
[09:38] <@wrbtrader> Shorts ES @ 1030.50 -> large size
[09:38] <@wrbtrader> 9 ony
[09:39] <+jbuch> Shorts ES @ 1030.5
[09:40] <@wrbtrader> Covered all ES Short @ 1031.50 --> - 1
[09:40] <@wrbtrader>
[09:41] <@wrbtrader> There's a 2 point area between two key zones (a resistance and a support)
[09:41] <+jbuch> Covered all ES Short @ 1031.75 --> - 1.25
[09:41] <@wrbtrader> Long ES @ 1032.50 -> large size
[09:41] <@wrbtrader> 9 only
[09:42] <@wrbtrader> I'm going to try to hold this Long because I think the Support zone is much stronger than the Resistance zone
[09:43] <+jbuch> Long ES @ 1033.25
[09:44] <Nesi> Shorts ES @ 1033.75 «« simulator »»
[09:45] <+rickf> short es 1034.75 paper
[09:46] <@wrbtrader> still no real volatility to confirm any directional move
[09:46] <@wrbtrader> Thus, this thing can easily reverse back down
[09:47] <@wrbtrader> Exited all ES Long @ 1034.00 --> + 1.5
[09:48] <@wrbtrader> If volatility shows up...I'll jump back on as an "intuition trade".
[09:48] <+jbuch> Exited all ES Long @ 1033.75 --> + 0.5
[09:49] <+rickf> exit es 1032.50 +2.25 paper
[09:49] <@wrbtrader> Shorts ES @ 1032.75 -> large size
[09:49] <@wrbtrader> 9 only
[09:49] <+Nesi> exit stop set ES @ 1034.50 «« simulator »»
[09:50] <@wrbtrader> volatility spike
[09:51] <@wrbtrader> Covered all ES Short @ 1033.00 --> - 0.25
[09:53] <@wrbtrader> Shorts ES @ 1032.50 -> large size
[09:53] <@wrbtrader> 9 only
[09:53] <+rickf> big lots today wrbtrader?
[09:54] <@wrbtrader> Expecting big volatility as stated multiple times over the past month
[09:54] <@wrbtrader> will continue until the end of the year
[09:55] <+rickf> true -- and the looming trade war w/china makes it more interesting
[09:55] <@wrbtrader> Looking for big price movements
[09:55] <@wrbtrader> Some days I won't catch it but the few days I do catch it...it'll be well worth the effort.
[09:55] <+jbuch> Long ES @ 1032
[09:57] <@wrbtrader> This should have retested 1031.00 by now
[09:57] <@wrbtrader> Covered all ES Short @ 1033.00 --> - 0.5
[09:58] <+Forex2stay> EURUSD volume with my broker MBT is extremely low today...not normal at all
[09:59] <+Forex2stay> the units coming through look the same size, but just not as many of them.
[09:59] <@wrbtrader> Long ES @ 1034.25 -> large size
[09:59] <+Nesi> Covered all ES Short @ 1034.50 --> - 0.75 «« simulator »»
[09:59] <+rickf> you loking at Dec contract or Sep
[10:00] <+Forex2stay> sorry spot fx
[10:00] <@wrbtrader> back above that prior resistance area
[10:00] <+rickf> oh
[10:00] <+Nesi> Long ES @ 1034.50 «« simulator »»
[10:00] <+Nesi> Exited ES Long @ 1033.75 --> - 0.75 «« simulator »»
[10:00] <+Nesi> Reverse and Enter Short ES @ 1033.75 «« simulator »»
[10:02] <@wrbtrader> Exited all ES Long @ 1034.50 --> + 0.25
[10:03] <+jbuch> Exited all ES Long @ 1034.25 --> + 2.25
[10:03] <@wrbtrader> sidelined...that's the 3rd trade in a roll where I was looking for big points and got nothing.
[10:03] <+jbuch> choppy
[10:03] <+jbuch> gonna getsomecoffee BBL
[10:04] <+Nesi> Shorts ES @ 1033.00 -> Add «« simulator »»
[10:06] <@wrbtrader> Shorts ES @ 10343.75 -> large size
[10:06] <@wrbtrader> Shorts ES @ 1033.75 -> large size
[10:06] <@wrbtrader> correction
[10:07] <@wrbtrader> sneaky price action right now when it quickly popped up to 1034.25 to shake out the shorts or to allow someone big to get in short with some extra ticks in their pockets
[10:08] <@wrbtrader> 9 only
[10:12] <@wrbtrader> Covered all ES Short @ 1033.00 --> + 0.75
[10:13] <@wrbtrader> Not sure if some in here feel like this...when the price action sucks or looks dirty...even a profitable trade doesn't feel good.
[10:13] <@wrbtrader>
[10:14] <@wrbtrader> Oil and Gold ranging too...that's the other part of the equation about why the Eminis can't find a direction
[10:15] <@wrbtrader> There's just enough movement to keep you interested in trading.
[10:18] <+jbuch> Long ES @ 1034.25
[10:23] <+Nesi> Covered all ES Short @ 1036.00 --> - 5.25 «« simulator »»
[10:24] <@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.
[10:26] <+Nesi> Shorts ES @ 1035.75 «« simulator »»
[10:28] <+jbuch> Exited all ES Long @ 1035.25 --> + 1
[10:29] <+jbuch> keep trying to move my stop up to catch a runner
[10:29] <+jbuch> not a good day for that so far
[10:29] <+jbuch> Long ES @ 1035.75
[10:34] <@wrbtrader> Long ES @ 1036.00 -> large size
[10:34] <@wrbtrader> 6 only
[10:34] <@wrbtrader> scaling back on the contracts now after seeing some consistent contractions in the volatility
[10:37] <@wrbtrader> Exited all ES Long @ 1035.25 --> - 0.75
[10:37] <+jbuch> Exited all ES Long @ 1035 --> - 0.75
[10:38] <+jbuch> Long ES @ 1035.75
[10:38] <@wrbtrader> Long ES @ 1035.75 -> large size
[10:38] <@wrbtrader> 6 only
[10:43] <+Nesi> Covered all ES Short @ 1036.75 --> - 1 «« simulator »»
[10:44] <codehead> ES gap filled
[10:46] <@wrbtrader> volatility rising fast
[10:47] <@wrbtrader> Exited all ES Long @ 1038.00 --> + 2.25
[10:50] <+jbuch> Exited all ES Long @ 1037.75 --> + 2
[10:55] <@wrbtrader> Shorts ES @ 1037.75 -> medium size
[10:55] <@wrbtrader> 4 only
[10:57] <@wrbtrader> Covered all ES Short @ 1038.25 --> - 0.5
[10:57] <+Nesi> Shorts ES @ 1037.75 «« simulator »»
[10:58] <@wrbtrader> Shorts ES @ 1037.75 -> medium size
[10:59] <@wrbtrader> 4 only
[10:59] <@wrbtrader> intuition now
[10:59] <@wrbtrader> trying again
[11:00] <@wrbtrader> Pres. Obama schedule to speak on Wall Street today
??
[11:00] <@wrbtrader> What time
[11:01] <+Forex2stay> 12:10 EST\
[11:01] <@wrbtrader> thanks
[11:02] <+Nesi> Shorts ES @ 1037.00 -> Add «« simulator »»
[11:03] <+jbuch> Long ES @ 1037.25
[11:04] <@wrbtrader> Covered ES Short @ 1037.75 --> 0
[11:04] <@wrbtrader> Reverse and Enter Long ES @ 1037.75
[11:07] <@wrbtrader> Exited all ES Long @ 1037.25 --> - 0.5
[11:07] <@wrbtrader>
[11:08] <+jbuch> man
[11:08] <@wrbtrader> I'm only hanging tough because I've manage to keep my losses small.
[11:09] <+jbuch> think we're going to test fridays high but it is hard staying with it
[11:11] <@wrbtrader> more contraction
[11:15] <@wrbtrader> Long ES @ 1038.25 -> large size
[11:15] <@wrbtrader> 6 only
[11:19] <+codehead> short ES 1038.75 <paper> stop 1040.25
[11:22] <@wrbtrader> Exited all ES Long @ 1039.50 --> + 1.25
[11:23] <+codehead> exit ES -.25 <paper>
[11:24] <+jbuch> Exited all ES Long @ 1038.5 --> + 1.25
[11:27] <+Nesi> Covered all ES Short @ 1038.00 --> - 1.25 «« simulator »»
[11:46] <+Nesi> Shorts ES @ 1037.00 «« simulator »»
[12:19] <+jbuch> Long ES @ 1037
[12:27] <@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.
[12:29] <+jbuch> Exited all ES Long @ 1037.75 --> + 0.75
[12:30] <+jbuch> BBL
[13:18] <+jbuch> Long ES @ 1036.75
[13:19] <+jbuch> exit stop set ES @ 1035.75
[13:21] <+jbuch> have my target set for 1042. 75
[13:21] <+jbuch> babe ruthing it
[13:43] <MK> Shorts ES @ 1043.25 -> Add «« paper »»
[14:06] <+rickf> btw happy lehman fail day, everyone
[14:06] <+rickf> helluva year
[14:27] <tomosyn57> Long SSO @ 33.63
[14:28] <+tomosyn57> Exited 1/2 SSO Long @ 33.73 --> + 0.1
[14:28] <+tomosyn57> exit stop set SSO @ 33.73
[14:29] <+tomosyn57> Exited 1/4 SSO Long @ 33.80 --> + 0.17
[14:29] <+tomosyn57> exit stop set SSO @ 33.76
[14:30] <+tomosyn57> exit stop set SSO @ 33.80
[14:33] <@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.
[14:34] <+tomosyn57> Trailing Stop Hit SSO @ 33.80 --> + 0.17
[14:35] <+MK> Shorts ES @ 1046.75 -> Add «« paper »»
[14:36] <+tomosyn57> was there a news event?
[14:45] <+rickf> dunno
[14:45] * +rickf saw it but didnt chase it
[15:07] <+jbuch> Man I am a much better trader when I am not here.
[15:07] <+jbuch> Exited all ES Long @ 1042.75 --> + 6
[15:08] <+Forex2stay> nice patience jb
[15:10] <@wrbtrader> Just got back from some personal stuff.
[15:11] <+jbuch> thanks man have a bunch of stuff going on this week put the trade in and left
[15:12] <+jbuch> I think that might be a good method for me
[15:12] <+Forex2stay> never know
[15:12] <+jbuch> that way I don't micromanage
[15:12] <+Forex2stay> course you don't get the screen time can better the entry....least that's what i fight with
[15:12] <+Forex2stay> can = can't
[15:13] <+Forex2stay> i need screentime but how do you get screen time without micro-managing
[15:13] <+jbuch> I used to do it a lot when I had a real job
[15:18] <@wrbtrader> Long ES @ 1043.00 -> medium size
[15:18] <@wrbtrader> 4 only
[15:25] <+rickf> ya trade a system that doesnt offer a lot of entries
[15:25] <+rickf> i would end up entering and putting a stop at b/e +1 if I had to run out or when i went to the gym
[15:26] <+rickf> micromanaging = kiss of death for comissions
[15:27] <@wrbtrader> Exited all ES Long @ 1042.25 --> - 0.75
[15:32] <@wrbtrader> Long ES @ 1042.50 -> medium size
[15:32] <@wrbtrader> 4 only
[15:38] <+Forex2stay> i agree rick...i pay a butt-load of commissions.
[15:40] <@wrbtrader> Exited all ES Long @ 1043.00 --> + 0.5
[15:40] <@wrbtrader>
[15:41] <@wrbtrader> early exit...personal problem with one of the kids.
[15:41] <@wrbtrader> be back later
[15:41] * wrbtrader is now known as wrbtrader_away
[15:55] * wrbtrader_away is now known as wrbtrader
[15:55] <@wrbtrader> Ok...I'm back after tons of distractions
[15:56] <@wrbtrader> Long ES @ 1045.00 -> medium size
[15:56] <@wrbtrader> 4 only
[15:56] <@wrbtrader> intuition after the prior early out
[16:00] <@wrbtrader> Exited ES Long @ 1044.25 --> - 0.75
[16:00] <@wrbtrader> Reverse and Enter Short ES @ 1044.25
[16:02] <@wrbtrader> Covered all ES Short @ 1044.00 --> + 0.25
[16:05] <@wrbtrader> Shorts ES @ 1043.25 -> medium size
[16:05] <@wrbtrader> 4 only
[16:13] <@wrbtrader> Covered all ES Short @ 1043.00 --> + 0.25
[16:15] <@wrbtrader> It's going to be like this for me for the remainder of the week
[16:15] <@wrbtrader> Got a ton of personal stuff to do throughout the week each day.
[16:16] <@wrbtrader> Hopefully I get lucky via the time I'm trading its during a strong price movement.
[16:39] <@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.
[18:45] <@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 Sep 14 20:48:00 2009
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