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: Wed Sep 16 09:29:57 2009
Session Ident: #futurestrades
[09:29am]X:[NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:30am]wrbtrader:Good morning all.
[09:30am]rickf:gm
[09:30am] You were granted voice by wrbtrader.
[09:31am]Forex2stay:morning
[09:31am] Forex2stay was granted voice by wrbtrader.
[09:31am]drt:l es 51.50
[09:31am] drt was granted voice by wrbtrader.
[09:32am] gabe joined the chat room.
[09:33am]drt:cl es 53
[09:33am]jbuch:nice drt
[09:33am] jbuch was granted voice by wrbtrader.
[09:35am] [1]luffy joined the chat room.
[09:35am][1]luffy:gm
[09:35am] [1]luffy was granted voice by wrbtrader.
[09:35am][1]luffy:short nq 1705
[09:37am]jbuch:morning luffy
[09:37am] winmax60 joined the chat room.
[09:38am] pat255 joined the chat room.
[09:39am]wrbtrader:currently both my data vendors are down which is unusual
[09:39am]pat255:gm all
[09:39am] pat255 was granted voice by wrbtrader.
[09:40am]wrbtrader:broker quotes work great but I can't trade without any charts
[09:40am]jbuch:bummer
[09:40am]Forex2stay:that blows
[09:41am]jbuch:what r the chances of both being down
[09:42am]jbuch:somebody might be telling u to take the day off
[09:42am]wrbtrader:It happen only once before a few years ago.
[09:42am]Forex2stay:is it possible that your vendors use the same data provider??
[09:42am]wrbtrader:could be
[09:42am]Forex2stay:might be worth finding out...if so your redundancy is not really redundant
[09:43am]wrbtrader:rebooting just in case there's a remote chance it's ISP related or my computer locking out a route.
[09:43am] wrbtrader left the chat room.
(Beginner traders concentrate on entry signals...veteran traders concentrate on market psychology, trader psychology and trade management)[09:46am]jbuch:man nq is not giving it up luffy
[09:49am]rickf:long es 1048.50 (late)
[09:49am]rickf:sorry doing some backtesting on paper
[09:49am]rickf:er testing, not 'back' testing
[09:50am] [1]luffy left the chat room. (Read error to [1]luffy: Connection timed out)
[09:51am]rickf:out 1049 +50 paper - stopped
[09:51am]jbuch: Shorts ES @ 1049
[09:51am] wrbtrader joined the chat room.
[09:51am] wrbtrader was promoted to operator by X.
[09:51am]X:[NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:52am] wrbtrader left the chat room. (Beginner traders concentrate on entry signals...veteran traders concentrate on market psychology, trader psychology and trade management)
[09:54am]jbuch: Covered all ES Short @ 1048.25 --> + 0.75
[09:56am]jbuch: Long ES @ 1048.75
[09:57am] luffy joined the chat room.
[09:57am]luffy:gm
[09:58am]luffy:shorted 1705 on nq...
[09:58am]luffy:pussied out on shorting es 53.25 premarket... decided to take nq since its cheap
[09:59am]rickf:short es 1050.25 paper
[10:00am]jbuch: Exited all ES Long @ 1050.75 --> + 2
[10:00am]pat255:vn jb
[10:00am]rickf:wtg
[10:01am]jbuch:thanks
[10:02am] Sidhartha joined the chat room.
[10:03am]jbuch:Nq underperforming on the way down luffy:(
[10:03am]jbuch:awesome patience though
[10:06am]jbuch:had 51.75 as my target originally shoulda left
[10:06am]jbuch:it
[10:06am]jbuch:micromanger
[10:08am]luffy:stopped BE+tick..
[10:08am] wrbtrader joined the chat room.
[10:08am] wrbtrader was promoted to operator by X.
[10:08am]X:[NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[10:08am]jbuch::(
[10:09am]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.
[10:12am]luffy:jb yea i was surprised that nq didnt fall as much
[10:12am] luffy was granted voice by wrbtrader.
[10:12am]luffy:it was weird where it reversed
[10:12am]luffy:didn't quite get pclose
[10:13am]jbuch:yeah and unlike ES didn't give much notice
[10:13am]jbuch:V bottom on the 1 min in NQ
[10:14am]luffy:yep, i shoulda trailled my stop down
[10:14am]luffy:but damn Vs
[10:15] <+luffy> nothing much i can do
[10:15] <@wrbtrader> If there was any trades posted in here before 1010am est...can someone email me a copy of the log to
intradaystrategies@yahoo.com [10:15] <@wrbtrader> thanks
[10:16] <+rickf> you got it
[10:16] <@wrbtrader> Long ES @ 1052.75 -> large size
[10:16] <@wrbtrader> 9 only
[10:16] <+rickf> out 52.25 -2 paper
[10:17] <@wrbtrader> Richard...thanks for the log
[10:18] <+rickf> np
[10:19] <@wrbtrader> Exited all ES Long @ 1052.50 --> - 0.25
[10:21] <@wrbtrader> Trader Psychology Tip - If I take a trade and I'm "unusually confident" it will go my way right away after entry to a profit target for whatever reason for the "unusual confidence"...
[10:21] <@wrbtrader> I'm learning to DUMP the position fast if it doesn't go my way right away to minimize the loss and psychological damage.
[10:22] <@wrbtrader> I don't do that on every trade because every trade I don't have an "unusual confidence".
[10:22] <@wrbtrader> That Long position I had an "unusual confidence".
[10:23] <+jbuch> Long ES @ 1051.75
[10:23] <@wrbtrader> Shorts ES @ 1051.00 -> large size
[10:23] <@wrbtrader> 9 only
[10:23] <+jbuch> 1050.75
[10:24] <codehead> oil report in 6 mins
[10:24] <@wrbtrader> thanks...forgot about that report with my late start in the trading session
[10:25] <@wrbtrader> Covered all ES Short @ 1051.00 --> 0
[10:26] <@wrbtrader> sideline...waiting for Oil report release due to my late start
[10:26] <+luffy> wrb, how important is oil report in ur opinion?
[10:26] <@wrbtrader> Extremely important for me because Oil is a key part of my "intermarket analysis".
[10:27] <@wrbtrader> Thus, it helps me with that "intuition feel" of my intution trades (trades outside my trading plan) and/or trade management
[10:27] <@wrbtrader> However, whenever I'm sticking to my trading plan...I ignore Oil and Gold
[10:27] <+luffy> icic cool
[10:29] <+Forex2stay> last two days only getting pt1's hard time catching runners
[10:29] <@wrbtrader> agree
[10:30] <+jbuch> Long ES @ 1051.75
[10:30] <@wrbtrader> Long ES @ 1051.75 -> large size
[10:30] <@wrbtrader> 6 only
[10:31] <+jbuch> 1 only
[10:31] <@wrbtrader> markets suddenly not in sync
[10:32] <@wrbtrader> looks like ES is going to try and play catch up
[10:32] <+Forex2stay> i'm getting mixed signals across the currency pairs i trade also
[10:32] <+Forex2stay> sorry watch not trde
[10:33] <@wrbtrader> FYI - I may use the term $ES_F here in #FuturesTrades to imply Emini ES
[10:33] <+rickf> is that a twit feed?
[10:33] <@wrbtrader> That's my way to make the connection to twitter and other social networks that use that as a global symbology for Emini ES.
[10:34] <@wrbtrader> rick...yes
[10:34] <+rickf> hrmm i tried looking for it last week but couldnt find it
[10:34] <+rickf> ill try again
[10:34] <@wrbtrader> $ES_F
[10:34] <+jbuch> Exited all ES Long @ 1052 --> + 0.25
[10:34] <+luffy> today's chart looks fugly
[10:35] <+rickf> it does not show up ... "$ES_F"
[10:35] <+rickf> only thing i see is some Yale group which i dont think is what you're talking about
[10:36] <@wrbtrader> rickf...what are you using for your search
[10:36] <+rickf> twitter.com
[10:36] <+jbuch> Long ES @ 1052
[10:36] <+rickf> searching for ppl there
[10:37] <@wrbtrader> Twitter search converts the ES_F to $ES_F
[10:37] <@wrbtrader> Thus...don't type in $ES_F
[10:37] <@wrbtrader> Instead, type in ES_F
[10:38] <+rickf> hrm now i see the yale one and something for ebay
[10:38] <+rickf> weird
[10:39] <@wrbtrader> You using @
http://search.twitter.com [10:39] <+rickf> nope - it is down for maintenance, using "search users" instead. guess that's why i can't find it
[10:40] <@wrbtrader> Yep...don't use "search users".
[10:40] <@wrbtrader> That's a function for traders that puts the word $ES_F in their profile...most don't
[10:40] <+rickf> OH
[10:40] <+rickf> D'OH
[10:40] <@wrbtrader> I'll give a sample of what's out there via traders using $ES_F @
http://www.stocktwits.com/t/ES_F[10:41] <@wrbtrader> If you click on each of the trader profiles at that link...NONE of them have the word $ES_F in their profiles.
[10:41] <+rickf> gotcha ... well once the search comes back up i'll query again
[10:43] <@wrbtrader> It's not a search...the link I posted is to any real-time message post posted on twitter by anyone posting about Emini ES via $ES_F
[10:43] <+jbuch> pushing against 53.5 again.
[10:44] <@wrbtrader> Regardless how that message arrived...computer, cell phone, blackberry, IPOD, tweetdeck, skype or whatever.
[10:45] <+rickf> got the feed, now to figure a good way to monitor them
[10:45] <@wrbtrader> Exited all ES Long @ 1054.00 --> + 2.25
[10:46] <+rickf> my problem tho
[10:46] <@wrbtrader> As soon as I figure out a way to maintain a "text log" or something of the like of my tweets on twitter...
[10:46] <+rickf> got it just fine in RSS reader, which is a start
[10:47] <@wrbtrader> I'll gradually begin moving everything to twitter.
[10:47] <+jbuch> Exited all ES Long @ 1054 --> + 2
[10:48] <pdays> Shorts ES @ 1053.75
[10:49] <+jbuch> the room is difficult to get to in mirc
[10:49] <@wrbtrader> jbuch...having problems logging into mIRC
[10:49] <+jbuch> how many hits do u have to ur archived logs wrbtrader
[10:50] <+jbuch> no not at all
[10:50] <@wrbtrader> Hmmm...I don't uderstand your question...
[10:50] <+jbuch> but when I first joined getting set up in Mirc was a challenge
[10:50] <@wrbtrader> You want the link for #FuturesTrades archives
[10:51] <+jbuch> I am computer challenged
[10:51] <+jbuch> No
[10:51] <@wrbtrader> Ok...I guess I'm lost.
[10:51] <@wrbtrader>
[10:52] <+jbuch> I am wondering if u monitor how many hits the archives get
[10:52] <@wrbtrader> Yes...well...it does it itself.
[10:53] <@wrbtrader> Here's this month archives @
viewforum.php?f=64[10:53] <@wrbtrader> Yesterday's logs has only "2 views"
[10:53] <@wrbtrader> Monday's log has only "7 views".
[10:54] <@wrbtrader> If that's what your talking about.
[10:54] <+jbuch> yeah
[10:54] <@wrbtrader> However, keep in mind I do something different than most forums...
[10:54] <+jbuch> just curious
[10:54] <@wrbtrader> I have a very ACTIVE BAN LIST of IP's to prevent viewing by certain folks.
[10:56] <@wrbtrader> BAN LIST consist of certain foreign IPs like .ru of russsia, ban ex members, particular known vendors I don't like and my usual anti-spam list.
[10:56] <@wrbtrader> Without that list...I was averaging about 115 views per day.
[10:56] <+pdays> Covered all ES Short @ 1054.75 --> - 1
[10:56] <+rickf>
- gym
[10:57] <+jbuch> so with the twitter you are hoping to reach a broader audience
[10:57] <@wrbtrader> NO...just the opposite
[10:57] <@wrbtrader> Ok...let me rephrase that.
[10:58] <@wrbtrader> I'll looking to go to a more global presense (broader reach) to find traders for specific trading instruments.
[10:58] <@wrbtrader> My current #FuturesTrades is setup for traders to "reach me".
[10:58] <@wrbtrader> I want to reverse the roll...for me to know whom they are.
[10:59] <@wrbtrader> For example...
[10:59] <@wrbtrader> Fores2stay has a strong interest in Forex EurUsd currency.
[11:00] <@wrbtrader> Now...if I want to reach (attract) forex traders to #FuturesTrades or to a private group on twitter called #FuturesTrades or whatever...
[11:00] <@wrbtrader> I go to this link @
http://www.stocktwits.com/t/EURUSD[11:01] <@wrbtrader> Another link @
http://www.stocktwits.com/t/6E_F for the CME EuroFX Futures
[11:02] <@wrbtrader> There's other ways to find other traders actively posting on twitter but I just wanted to show one particular example.
[11:02] <@wrbtrader> That example via Stocktwits.com
[11:04] <+pat255> man this slow move up ...
[11:06] <+jbuch> thanks wrbtrader
[11:07] <@wrbtrader> What's amazing is most of these folks don't use IRC or trading forums like EliteTrader.com, Traderslaboratory.com et cetera most likely because of the junk or crap associated with such.
[11:07] <@wrbtrader> Or lack of moderator
[11:07] <+jbuch> glad that u turned me on to twitter so many resources in it
[11:08] <@wrbtrader> twitter here's about a spammer...they delete the account first then they ask questions later
[11:08] <@wrbtrader> I saw a survey about users of twitter...
[11:09] <@wrbtrader> Most using it via IPOD, blackberry, cell phone or something embedded into a program on their computer to prevent having to open a browser to use it.
[11:12] <@wrbtrader> I already have a private trading group on twitter but it's currently closed (only has 3 members as a test group) until I learn more about how to integrate #FuturesTrades into the group.
[11:12] <@wrbtrader> First thing...I need to find a way to download a text log of tweets for storage.
[11:13] <+pat255> oh my these new technolgies ...:9
[11:13] <+pat255> my head spins
[11:15] <@wrbtrader> Yep...someone sent me a tweet to my email box from their cell phone while in flight over Japan asking me for a broker recommendation...his phone company allows free tweets .
[11:16] <@wrbtrader> Give it a year or so as this twitter, facebook and stuff gets much more gigantic than it currently is...
[11:16] <@wrbtrader> Everybody will start charging for what's currently free.
[11:17] <@wrbtrader> If not...they lace it with advertisements from sponsors.
[11:18] <@wrbtrader> So far...I don't see many brokers abusing twitter...the few have already been
...
the same day they started.
[11:19] <@wrbtrader> It's simple...put up a profile...post decent content or useful info...people will want to follow your tweets and you can determine whom can or cannot follow your tweets.
[11:20] <@wrbtrader> That's the part I like...make it private for a group or public...even public you can prevent others from following your comments.
[11:22] <+pat255> i c
[11:23] <@wrbtrader> For those already on twitter and looking to post charts...try @
http://chart.ly/[11:23] <+jbuch> much less maint for u i bet
[11:23] <@wrbtrader> jbuch...bingo.
[11:24] <@wrbtrader> I'm trying to get more efficient in my interaction with other traders so that I don't have to be "glued" to the computer.
[11:25] <@wrbtrader> Just the same...I want others to be able to contact me without having to be "glued" to the computer.
[11:26] <+codehead> cci made a ghost on 3 min, but range narrow with quad witching
[11:27] <@wrbtrader> The market is only up or still up because of Oil.
[11:29] <+pat255> y..
[11:30] <+jbuch> gotta go have a good one all
[11:30] <+pat255> later jb
[11:47] <+Forex2stay> later jb
[12:15] <+rickf> bak
[12:15] <@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.
[12:50] <+codehead> short ES 1060.25 <paper>, stop 1061.25
[12:53] <MK> Shorts ES @ 1064.75 -> Add «« paper »»
[12:55] <+codehead> exit half ES +1.00 <paper>
[12:56] <+codehead> lower stop on remainder 1060.75 <paper>
[12:59] <+codehead> exit remainder +1.50 <paper>
[13:00] <+codehead> we are within 5 mins of a turn time
[13:00] <+codehead> so possible we get trend reversal down in next 15 mins
[13:08] <+codehead> possible turn came on that pb tho...
[13:08] <+codehead> if so more up
[13:09] <+codehead> if we break hod
[13:21] <jigglyhippo> hi all
[13:22] <@wrbtrader> Just got back...I see the market is still going up.
[13:22] <@wrbtrader> Market has a chance to become that BIG TREND day I mentioned yesterday that I was expecting.
[13:23] <+jigglyhippo> hows your day been so far wrbtrader?
[13:23] <@wrbtrader> Profitable so far...very little trading.
[13:23] <@wrbtrader> Just didn't think that BIG TREND day would happen today
[13:24] <+jigglyhippo> yep
[13:24] <+jigglyhippo> looks like some consolidation here
[13:24] <@wrbtrader> I did feel like it would happen this week considering it's a "Quadruple Witching Week".
[13:25] <@wrbtrader> If I can predict the exact day and entry times into the BIG TREND days...I'll have more money than Bill Gates
[13:25] <+jigglyhippo> lol exactly
[13:28] <JimL14> just at down myself to look @ charts (other business this wk), but you should have asked Bernanke we he was going to tell everyone the recession was over :>, ride the trend, but don't bet the house on it
[13:28] <+JimL14> sorry, when he...
[13:41] <+jbuch> hey just walked by the computer how is it going all
[13:42] <+jbuch> If u run a trend line from the top of the last 2 swing highs on the daily we r at that TL
[13:49] <+codehead> possible cci ghost on 3 min here
[13:50] <+jbuch> man wish I woulda moved that stop up and left on that last trade.
[13:59] <+MK> Shorts ES @ 1066 -> Add «« paper »»
[14:21] <@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.
[14:26] <+jbuch> right at the bottom of those huge gaps on the weekly from 10/10/08 as well
[14:27] <+jbuch> Shorts ES @ 1062.5
[14:41] <+jbuch> Covered all ES Short @ 1062.25 --> + 0.25
[14:44] <+jbuch> Shorts ES @ 1062.5
[14:44] <+jbuch> try it again
[14:49] <+jbuch> Covered all ES Short @ 1062.25 --> + 0.25
[15:34] <tomosyn57> Shorts SSO @ 35.07
[15:36] <+jbuch> Long ES @ 1062
[15:37] <+tomosyn57> Covered all SSO Short @ 35.11 --> - 0.04
[15:38] <+jbuch> got 10 minutes see if I can catch a pop
[15:39] <+jigglyhippo> hey i took that too
[15:39] <+JimL14> is that a pop or a poop?
[15:39] <+jigglyhippo> with a 1060.50
[15:40] <+jbuch>
[15:40] <+jbuch> one or the other
[15:48] <@wrbtrader> Long ES @ 1063.50 -> medium size
[15:48] <@wrbtrader> 4 only
[15:51] <@wrbtrader> Exited all ES Long @ 1063.50 --> 0
[15:51] <@wrbtrader> too tough for ES to do it by itself when other key markets are sitting around doing nothing
[15:53] <+jbuch> exit stop set ES @ 1062.5
[15:54] <+jbuch> gotta go
[15:54] <+jbuch> Exited all ES Long @ 1063 --> + 1
[15:54] <+jigglyhippo> got out
[15:54] <+jigglyhippo> nice
[15:55] <+jbuch> thanks
[15:55] <+jbuch> have a good 1 all
[15:56] <+jigglyhippo> you too
[15:58] <@wrbtrader> Long ES @ 1063.50 -> medium size
[15:58] <@wrbtrader> 4 only
[15:58] <@wrbtrader> intuition
[15:59] <@wrbtrader> ES has some help this time around at the 1063.50 level
[16:00] <@wrbtrader> Exited all ES Long @ 1063.50 --> 0
[16:00] <@wrbtrader> two good tries and nothing out of it.
[16:01] <@wrbtrader> Although I missed most of the trading day...still got some points for the day.
[16:02] <@wrbtrader> Will probably only have about 2 hours of trading tomorrow also too and most likely will miss all of Friday's trading session.
[16:02] <@wrbtrader> Take care all and see all tomorrow.
[16:03] * wrbtrader is now known as wrbtrader_away
[16:12] <+JimL14> TradingTheOdds Institutions seem to be better sellers today; block trades in $SPX w/down tick and down volume exceed those on an up tick and volume $ES_F
http://www.tradingtheodds.com/[16:27] <@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.
Session Close: Weds Sep 16 16:27:31 2009
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