##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 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 Aug 19 07:46:58 2009
Session Ident: #futurestrades
[07:46] * Now talking in #futurestrades
[07:46] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[07:55] <@NihabaAshi> Asia Markets like the Shanghai and Hang Seng took a beating in the overnight markets @ http://www.marketwatch.com/story/shangh ... 2009-08-19
[07:56] <@NihabaAshi> Will be interesting to trade the first hour of price action today...hopefully there's rising volatility in comparison to yesterday.
[08:42] <kosmipt> hi
[08:54] * codehead_afk is now known as codehead
[09:17] <@NihabaAshi> Today's key scheduled market events @ http://www.forexfactory.com/calendar.ph ... 9-8-19&c=2
[09:19] <@NihabaAshi> FYI - I"m going to use a different user name in here to make it easier for search engines to associate it with my social networking profiles I'll be setting up online.
[09:19] <@NihabaAshi> Simply, I'll be now known as wrbtrader
[09:21] <@NihabaAshi> This will allow Google and other search engines to better associate my user name in the #FuturesTrades chat log with some social networking profiles I'm setting up in comparison to the user name NihabaAshi.
[09:21] * NihabaAshi is now known as wrbtrader
[09:23] <+Nesi> morning
[09:27] <JimL14> yesterday's uphill battle is crushed overnight by Asia & Europe, does USA startover and try up again (close gap), or does it rollover & dive for open gaps below. Need to watch and evaluate intermarket indicators @ common swingpts (oil, gold, usd/forex, bonds & other basic commodites)
[09:28] <@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.
[09:29] <drt> good morning
[09:30] <jbuch> morning all
[09:30] <+Nesi> hey
[09:30] * Forex2stay_Away is now known as Forex2stay
[09:30] <Forex2stay> morning all
[09:31] * wrbtrader is now known as NihabaAshi_away
[09:32] * NihabaAshi_away is now known as wrbtrader
[09:32] <+JimL28> Shorts TF @ 548.5 «« simulator »»
[09:32] <+JimL28> 2
[09:33] <+JimL28> Covered TF Short @ 5483.7 --> - 4935.2 «« simulator »»
[09:33] <+JimL28> Reverse and Enter Long TF @ 5483.7 «« simulator »»
[09:36] <@wrbtrader> Their blaming the big drop in Asia markets on comments made over there by Warren Buffet
[09:36] <+drt> s es 80.75
[09:36] <+JimL28> Exited 1/2 TF Long @ 5484.3 --> + 0.6 «« simulator »»
[09:36] <@wrbtrader> Aparently he said something and a minute later Asian markets plunged.
[09:37] <@wrbtrader> I would be pssst at Warren if Long in the Hang Seng HSI futures at that moment.
[09:37] <@wrbtrader> Long ES @ 981.50 -> large size
[09:37] <@wrbtrader> 6 only
[09:38] <@wrbtrader> Exited all ES Long @ 981.00 --> - 0.5
[09:39] <+drt> cs es 81
[09:39] <+JimL28> Exited Remainder TF Long @ 5484.8 --> + 1.1 «« simulator »»
[09:40] <@wrbtrader> Long ES @ 981.75 -> large size
[09:40] <@wrbtrader> 6 only
[09:40] <@wrbtrader> using a high interval right now which is something I normally don't do in the first hour of trading
[09:42] <@wrbtrader> If it's true that Warren was the spark for that decline...
[09:42] <@wrbtrader> I'm expecting the markets to move back UPWARDS to the original price action where those comments occurred.
[09:42] <+drt> s es 82
[09:43] <@wrbtrader> Exited all ES Long @ 981.50 --> - 0.25
[09:44] <@wrbtrader> Long ES @ 982.00 -> large size
[09:44] <@wrbtrader> 6 only
[09:45] <@wrbtrader> geeesh
[09:45] <@wrbtrader> better late than never I guess
[09:45] <+jbuch> jeez this thing is not messing around
[09:46] <+JimL14> I think Buffet's is an oped somewhere, i heard it real early this a, but didn't even go looking for it, but I concurr with your thoughts on its impact in US markets, they should discsount it
[09:46] <@wrbtrader> Exited all ES Long @ 984.25 --> + 2.25
[09:46] <+jbuch> nice wrb
[09:48] <+jbuch> need to reboot my brain was thinking at least a test of yesterdays low
[09:48] <+JimL14> @ approx daily pivotpt & 62% retrcment
[09:50] <+JimL28> Long TF @ 552.6 «« simulator »»
[09:50] <+JimL28> 1
[09:51] <+JimL28> Exited all TF Long @ 553.3 --> + 0.7 «« simulator »»
[09:55] <+drt> cs es 93.25
[09:56] <+jbuch> Long ES @ 984.5
[09:57] <+jbuch> late to the party there
[09:58] <+jbuch> Long ES @ 983.5 -> Add
[10:01] <+JimL28> Long TF @ 552.5 «« simulator »»
[10:01] <+JimL28> 1
[10:01] <+Nesi> nice one jb
[10:02] <+jbuch> Exited 1/2 ES Long @ 985.75 --> + 2.25
[10:03] <@wrbtrader> markets still moving higher to that spark in the overnight big price drop...
[10:03] <+jbuch> thanks had to sit on my hands once I went positive again.
[10:03] <@wrbtrader> Price zone 988.75 - 987.75
[10:03] <+jbuch> still jumped the gun on the sell
[10:04] <@wrbtrader> Long ES @ 986.50 -> large size
[10:04] <@wrbtrader> 6 only
[10:04] <@wrbtrader> intuition
[10:04] <@wrbtrader> should be obvious where I'm going to try to dump this position
[10:05] <@wrbtrader> Exited all ES Long @ 987.50 --> + 1
[10:05] <+jbuch> dang it need to set up an electric shock system for every time that I move my target.
[10:06] <@wrbtrader> Long ES @ 987.50 -> small size
[10:06] <@wrbtrader> 1 only
[10:06] <@wrbtrader> intution
[10:07] <+codehead> short 987.50 ES <paper>
[10:07] <+JimL28> Exited Remainder TF Long @ 555.7 --> + 3.2 «« simulator »»
[10:07] <+jbuch> nice jim
[10:08] <@wrbtrader> we gotta thank Warren for helping juice up the markets this morning
[10:08] <+JimL14> ;>
[10:10] <@wrbtrader> It's amazing sometimes how commentary from someone important in the world can cause VOLATILITY in the global markets to take a lot of money out of someone's pockets and then put a lot of money in the pockets of someone else.
[10:11] <pat255> all @office :9
[10:12] <+jbuch> hey pat
[10:12] <@wrbtrader> It's one of the main reasons why "technical analysis" all by itself without understanding the impact of world events, scheduled market events, political events, breaking news, key speeches et cetera is a tough method to apply consistently in the long term.
[10:12] <@wrbtrader> Exited ES Long @ 986.50 --> - 1
[10:14] <+jbuch> do u think that asian indexes r jittery due to all of the natural disasters recently
[10:15] <@wrbtrader> Not sure but it's obvious that the Asian markets have been very sensitive to just about anything lately.
[10:15] <+jbuch> yeah
[10:19] <@wrbtrader> Emini ES volatility has been declining fast after reaching the key price area mentioned earlier.
[10:22] <@wrbtrader> It didn't help either that Gold and Oil about the same time hit a wall or resistance
[10:22] <@wrbtrader> Too bad I didn't see that when I took that last Long position
[10:23] <+JimL14> gold blasted off & hit a brick wall 943.5 & just stayed there
[10:23] <+pat255> N what tf u have on gold/oil?
[10:23] <+pat255> chart tf
[10:23] <@wrbtrader> 1min right now
[10:23] <+pat255> ty
[10:24] <+JimL28> Shorts TF @ 553.7 «« simulator »»
[10:24] <+JimL28> 1
[10:25] <@wrbtrader> Shorts ES @ 985.00 -> small size
[10:25] <@wrbtrader> 3 only
[10:27] <+jbuch> 984 center of that wedge should hold if this is a retracement
[10:29] <+codehead> exit ES 984.75 +2.75 <paper>
[10:29] <+Nesi> nice
[10:29] <+codehead> oil report here...
[10:30] <@wrbtrader> Covered all ES Short @ 986.00 --> - 1
[10:30] <+jbuch> Long ES @ 986
[10:30] <+Nesi> Dept of Energy reports that crude oil inventories had a draw of 8397K (consensus is a build of 1200K); gasoline inventories had a draw of 2177K (consensus is a draw of 1000K); distillate inventories had a draw of 650K (consensus is a build of 700).
[10:31] <@wrbtrader> Long ES @ 986.75 -> medium size
[10:31] <+Nesi> nice jb
[10:31] <@wrbtrader> 4 only
[10:32] <+jbuch> Exited 1/2 ES Long @ 987.5 --> + 1.5
[10:32] <+Nesi> wtg
[10:32] <+pat255> vn jb N
[10:32] <+JimL28> Covered all TF Short @ 553.8 --> - 0.1 «« simulator »»
[10:32] <+Nesi> very very nice trading here today
[10:32] <@wrbtrader> Exited all ES Long @ 987.00 --> + 0.25
[10:32] <@wrbtrader> markets sensitive today
[10:33] <+jbuch> thanks
[10:33] <+jbuch> yeah lovely volatility
[10:33] <@wrbtrader> Long ES @ 988.00 -> medium size
[10:33] <@wrbtrader> 4 only
[10:34] <+Nesi> right here is the dead zone from yesterday
[10:34] <@wrbtrader> Exited all ES Long @ 987.50 --> - 0.5
[10:34] <@wrbtrader> bearish how
[10:34] <+jbuch> Exited 3/4 ES Long @ 987 --> + 1
[10:35] <@wrbtrader> meant now
[10:35] <+jbuch> oops exited remainde
[10:35] <+Nesi> enough longs..jb... come to the dark side with me now
[10:35] <+pat255> geez lol
[10:35] <+kosmipt> Long NQ @ 81.50 «« simulator »»
[10:36] <+JimL28> Long TF @ 554.6 «« simulator »»
[10:36] <+JimL28> 2
[10:36] <+jbuch> i think we test 995
[10:36] <+pat255> sog drop 2 pts & back up
[10:36] <+Nesi> 989.75 big key...if taken out.. jb..imho
[10:36] <+JimL28> Exited 1/2 TF Long @ 555.3 --> + 0.7 «« simulator »»
[10:37] <+jbuch> Long ES @ 988
[10:37] <@wrbtrader> Shorts ES @ 988.25 -> large size
[10:37] <@wrbtrader> 6 only
[10:38] <+JimL28> Exited TF Long @ 555.1 --> + 0.5 «« simulator »»
[10:38] <+JimL28> Reverse and Enter Short TF @ 555.1 «« simulator »»
[10:38] <+jbuch> Exited all ES Long @ 987.5 --> - 0.5
[10:38] <+JimL28> Covered 1/2 TF Short @ 554.3 --> + 0.8 «« simulator »»
[10:39] <@wrbtrader> Oil still holding it's gains over the past 10 mins
[10:39] <+jbuch> dangit now I am getting caught in chop
[10:39] <@wrbtrader> contraction in Oil over last 5mins
[10:40] <@wrbtrader> If Oil or Gold don't drop soon...I'm covering this ES trade
[10:41] <@wrbtrader> Covered all ES Short @ 987.75 --> + 0.5
[10:41] <@wrbtrader> churning last 5 trades = chop in the markets
[10:42] <@wrbtrader> last 5 trades between 988.25 - 986.75
[10:44] <+jbuch> Long ES @ 987.5
[10:44] <+Nesi> big choparola zone
[10:45] <@wrbtrader> I'm now expecting a volatility spike here soon...
[10:45] <@wrbtrader> at least one more before the mid day range crap
[10:46] <+jbuch> Exited all ES Long @ 986.5 --> - 1
[10:46] <+pat255> yeah just chop
[10:47] <@wrbtrader> Shorts ES @ 986.00 -> small size
[10:47] <@wrbtrader> 1 only
[10:47] <@wrbtrader> had some order problems
[10:48] <+jbuch> whats up with these oil inventory reports
[10:49] <+jbuch> estimated increase of 1.1 mill and had a draw -8.8 mil
[10:50] <@wrbtrader> Covered ES Short @ 985.75 --> + 0.25
[10:50] <@wrbtrader> won't complain about that profit...could have easily been a loss after I messed up the entry
[10:51] <@wrbtrader> weak support area
[10:53] <@wrbtrader> Long ES @ 986.00 -> small size
[10:53] <@wrbtrader> 2 only
[10:55] <+pat255> L 85.75 es
[10:56] <+pat255> opps 86
[10:57] <@wrbtrader> Exited all ES Long @ 985.25 --> - 0.75
[10:58] <+pat255> me to -1
[10:58] <@wrbtrader> Shorts ES @ 985.00 -> medium size
[10:58] <@wrbtrader> 4 only
[10:58] <@wrbtrader> come on volatility...increase...don't dry up on me
[10:59] <@wrbtrader> Covered all ES Short @ 985.75 --> - 0.75
[11:00] <@wrbtrader> Shorts ES @ 985.50 -> medium size
[11:00] <@wrbtrader> 4 only
[11:02] <@wrbtrader> Covered all ES Short @ 986.25 --> - 0.75
[11:03] <+jbuch> shoot reading stuff and missed it
[11:04] <@wrbtrader> price action back inside that prior key area
[11:05] <+kosmipt> Long NQ @ 81.00 -> Add «« simulator »»
[11:05] <+Nesi> euro strong today
[11:06] <@wrbtrader> Long ES @ 986.75 -> large size
[11:06] <@wrbtrader> 6 only
[11:07] <+jbuch> love that stock market news and blogs but there is so much interesting stuff to read on there that it can be distracting.
[11:07] <@wrbtrader> need to exit above 988 to get out of that "churning" I'm doing right now
[11:09] <@wrbtrader> Exited all ES Long @ 986.75 --> 0
[11:09] <@wrbtrader> Financial networks have Warrens comments under a microscope today...examining every word.
[11:10] <@wrbtrader> Shorts ES @ 986.00 -> large size
[11:10] <@wrbtrader> 6 only
[11:11] <pdays> Shorts ES @ 987.0
[11:12] <@wrbtrader> Lower highs on Emini NQ after 1012am est
[11:13] <+jbuch> Long ES @ 986
[11:15] <+jbuch> ascending wedge
[11:15] <@wrbtrader> Covered all ES Short @ 987.00 --> - 1
[11:16] <@wrbtrader> Negative for the day by -0.25 now
[11:17] <@wrbtrader> This key price area is setting the stage for the price action for the remainder of the trading day.
[11:17] <+pdays> Covered all ES Short @ 987.0 --> 0
[11:20] <+pat255> just chopping around here
[11:20] <+jbuch> Exited all ES Long @ 986.5 --> + 0.5
[11:20] <@wrbtrader> Shorts ES @ 986.00 -> large size
[11:21] <@wrbtrader> 6 only
[11:21] <@wrbtrader> that support of 986.25 can't hold forever
[11:22] <+jbuch> Long ES @ 986
[11:23] <+jbuch> getting rejected from yesterdays sideways action
[11:23] <+jbuch> but buyers keep showing up below
[11:24] <@wrbtrader> it's time to start increasing the chart intervals because the mid-day range crap is upon us
[11:25] <+pat255> later guys back to work ty
[11:28] <@wrbtrader>
[11:30] <+kosmipt> Long NQ @ 80.25 -> Add «« simulator »»
[11:30] <@wrbtrader> Covered all ES Short @ 987.00 --> - 1
[11:30] <+jbuch> peeked above the down trend line of the wedge
[11:30] <@wrbtrader> can't do any position reversals in this price area...gotta take the stop hit
[11:31] <+kosmipt> emini NQ testing upper channel line again
[11:31] <+kosmipt> still very low volume
[11:31] <@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.
[11:32] <+jbuch> broke some swing highs to nq looking stronger
[11:32] <@wrbtrader> kosmipt...its increasing now but the issue is for how long
[11:32] <@wrbtrader> in reference to volatility
[11:34] <@wrbtrader> Shorts ES @ 986.50 -> large size
[11:34] <@wrbtrader> 6 only
[11:34] <@wrbtrader> intuition a few ticks above the support that's slowly getting stronger and stronger
[11:35] <+jbuch> Exited all ES Long @ 986 --> 0
[11:36] <+jbuch> like to see what happens if it dips below 85.5
[11:36] <@wrbtrader> 983.75 is the next support area
[11:37] <@wrbtrader> Lower highs in Gold and Oil now
[11:38] <@wrbtrader> Emini NQ still making lower highs but the lows are stabilizing
[11:38] <@wrbtrader> That's helping a wedge to form in other key markets
[11:39] <@wrbtrader> tighten stop
[11:40] <+jbuch> Long ES @ 986.25
[11:41] <@wrbtrader> Covered all ES Short @ 986.25 --> + 0.25
[11:41] <@wrbtrader> flag getting tighter and tighter
[11:42] <+jbuch> the tighter the better )
[11:42] <@wrbtrader> until the breakout (up or down)...we're now officially trading for ticks
[11:43] <+jbuch> exit stop set ES @ 984.75
[11:43] <+jbuch> not palying around any more if it takes me out so be it
[11:43] <@wrbtrader> Long ES @ 987.25 -> large size
[11:43] <@wrbtrader> Yeah...I'm just hammering at it...
[11:43] <@wrbtrader> something is going to break away.
[11:47] <+jbuch> Long ES @ 986.25 -> Add
[11:49] <@wrbtrader> Will need more volatility than this to make this small breakout of the flag much bigger
[11:49] <+jbuch> Exited 1/2 ES Long @ 988 --> + 1.75
[11:49] <+kosmipt> Exited 1/3 NQ Long @ 82.50 --> + 2.25 «« simulator »»
[11:51] <+kosmipt> Exited 1/3 NQ Long @ 84 --> + 2.5 «« simulator »»
[11:51] <+kosmipt> Exited Remainder NQ Long @ 85 --> + 3.5 «« simulator »»
[11:51] <@wrbtrader> volatility increasing more
[11:51] <+jbuch> a lot of people in losing positions from here yesterday if it is going to move through will need to do it quickly
[11:52] <+kosmipt> breakout from classic flag pattern in emini NQ
[11:52] <+jbuch> if it prints 90.25
[11:52] <+jbuch> in business
[11:52] <@wrbtrader> I have a 990.00 as yesterday's highs
[11:52] <+kosmipt> emini ES gap filled
[11:52] <@wrbtrader> need to get above that
[11:52] <+kosmipt> testing yesterday's highs
[11:52] <+jbuch> bye bye
[11:53] <+jbuch> nice steady move
[11:54] <@wrbtrader> Exited all ES Long @ 992.00 --> + 4.75
[11:55] <@wrbtrader> Not a pretty day of trading again...
[11:56] <@wrbtrader> but glad I just kepted hammering at that flag pattern
[11:57] <@wrbtrader> reached my goal of +20 Emini ES points
[11:59] <@wrbtrader> Anyone in here using "delicious bookmarking" @ http://delicious.com ??
[12:01] <+jbuch> Exited all ES Long @ 993.75 --> + 7.5
[12:02] <+jbuch> phewwww
[12:02] <+kosmipt> nice wrb
[12:03] <+jbuch> rare to have that kinda move
[12:03] <+jbuch> straight up
[12:09] <@wrbtrader> It's still on fire
[12:09] <@wrbtrader> great trade jbuch
[12:09] <+Forex2stay> nice trade guys
[12:10] <@wrbtrader> The higher it goes...the more obvious that prior flag pattern looks (hindsight is king)
[12:10] <+Forex2stay> i feel like i'm in the middle of a war today with one of those kids blow up swords
[12:10] <+jbuch> thanks 1 of my best ever
[12:11] <@wrbtrader> anybody see that sudden volatility chop around 997.25 ??
[12:11] <+Forex2stay> EURUSD pounding the dollar today, but tough to get an entry
[12:11] <@wrbtrader> That's big boys at play
[12:12] <+Forex2stay> Euro needs a retrace
[12:13] <@wrbtrader> EuroFX or EurUsd still on fire
[12:14] <+Forex2stay> ja
[12:15] <@wrbtrader> U.S. Dollar was great until Monday and now with today's scalping by the natives...it looks like it's in trouble
[12:15] <@wrbtrader>
[12:17] <+Forex2stay> an article came out last night on bloomberg.com that is not helping
[12:17] <+Forex2stay> http://www.bloomberg.com/apps/news?pid= ... M5WaqsP.98
[12:18] <@wrbtrader> Who's the guy that runs Pimco...I can't remember his name
[12:18] <@wrbtrader> I see him on CNBC a lot
[12:18] <@wrbtrader> Bill Gross
[12:18] <@wrbtrader> Yep
[12:18] <@wrbtrader> He's got some top traders working for him
[12:19] <+Forex2stay> they must be short the $$
[12:19] <@wrbtrader>
[12:20] <@wrbtrader> Market doesn't want to let go of that impressive price rise
[12:44] <+JimL14> just got back from late morn mtg., any particular news on the spike (i just started looking) great trade JB ))
[12:46] <+JimL14> today oil +3% & usd -.7%
[12:46] <+JimL28> Shorts TF @ 560.2 «« simulator »»
[12:46] <+JimL28> 1
[12:47] <+JimL14> executed while typing on this comp., took 1 off @ tgt #1
[12:48] <+JimL28> exit stop lowered TF @ 560.1 «« simulator »»
[12:50] <+JimL28> Trailing Stop Hit TF @ 560.1 --> + 0.1 «« simulator »»
[12:55] <+jbuch> just got back, thanks Jim
[13:04] <+jbuch> back inthe sideways action from friday
[13:04] <+jbuch> lots of people r like thank god break even I am out never again )
[13:11] <+jbuch> Long ES @ 997.25
[13:11] <+jbuch> chased it all the way yp fromm996.25
[13:12] <+jbuch> poked above that range
[13:13] <+jbuch> Exited all ES Long @ 997.75 --> + 0.5
[13:17] <@wrbtrader> Although trading got difficult in that flag pattern discussed earlier today...
[13:18] <@wrbtrader> The overall volatility has been great...without it...I would be still trying to dig myself out of a hole.
[13:20] <+kosmipt> yes wrb, 20+ points range in emini ES so far
[13:20] <+jbuch> beautiful day
[13:21] <+jbuch> if it was just like this every day.
[13:22] <+kosmipt> great volatility in oil CL also, especially aroud report release
[13:22] <+kosmipt> i wish i had enough capital to trade CL
[13:29] <tomosyn57> Shorts SSO @ 30.72
[13:33] <+tomosyn57> Covered 1/2 SSO Short @ 30.68 --> + 0.04
[13:35] <+tomosyn57> Covered Remainder SSO Short @ 30.72 --> 0
[13:37] <+jbuch> Long ES @ 997
[13:37] <@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.
[13:41] <+jbuch> every bodies tired looks like
[13:42] <+jbuch> respecting the down trendline of this wedge
[13:45] <+tomosyn57> Shorts SSO @ 30.71
[13:46] <+jbuch> third lower high
[13:47] <+jbuch> sorry second
[13:49] <+tomosyn57> Covered 1/2 SSO Short @ 30.70 --> + 0.01
[13:49] <+tomosyn57> Covered Remainder SSO Short @ 30.72 --> - 0.01
[13:51] <+Nesi> Brisk sales have boosted the estimated jackpot for tonight’s Powerball drawing to $250 million, the largest Powerball jackpot since March 15, 2008, according to lottery officials.
[13:51] <+Nesi> If someone wins, it would be the 10th largest jackpot in Powerball history.
[13:51] <+Nesi> The cash option is an estimated $124.8 million.
[13:51] <+Nesi> Tickets can be purchased until 9 p.m. at any lottery retailer.
[13:55] <+jbuch> wow
[14:00] <+jbuch> uh oh
[14:01] <+jbuch> Exited all ES Long @ 997.25 --> + 0.25
[14:01] <+tomosyn57> wedge can't get much tighter
[14:02] <+tomosyn57> Shorts SSO @ 30.71
[14:03] <+tomosyn57> Covered 1/4 SSO Short @ 30.69 --> + 0.02
[14:04] <+tomosyn57> Covered 1/4 SSO Short @ 30.70 --> + 0.01
[14:05] <+tomosyn57> Covered Remainder SSO Short @ 30.72 --> - 0.01
[14:07] <+JimL28> Long TF @ 560 «« simulator »»
[14:07] <+JimL28> 1
[14:09] <+JimL28> Exited all TF Long @ 560.1 --> + 0.1 «« simulator »»
[14:12] <+JimL14> eminis loosing mojo up here but not ready to short, looking for another coiled wedge/pennant
[14:15] <+jbuch> have a buy order in at 995
[14:15] <@wrbtrader> The low volatility ranges that occurs after a big price movement the month of August have been killers.
[14:22] <+jbuch> Long ES @ 996.25
[14:22] <+JimL14> cl made another swnghighpt brk,but not quite enough to get things going, yet
[14:23] <@wrbtrader> I'm going to be listing some well known info sites that have twitter...I'll try to list a few per week as I find them...
[14:23] <@wrbtrader> http://twitter.com/cnnmoney
[14:23] <@wrbtrader> http://twitter.com/financialtimes
[14:24] <@wrbtrader> http://twitter.com/cnbc
[14:24] <+JimL28> Long TF @ 559.6 «« simulator »»
[14:24] <+JimL28> 1
[14:25] <@wrbtrader> Also, if you're using twitter and want to share trading charts...
[14:25] <@wrbtrader> http://chart.ly/
[14:26] <@wrbtrader> For photo and video sharing on twitter...
[14:26] <@wrbtrader> http://www.yfrog.com/
[14:26] <@wrbtrader> http://twitsnaps.com/
[14:26] <@wrbtrader> http://www.twitvid.com/
[14:28] <@wrbtrader> As mentioned a few weeks ago...I've designed a IRC script for posting all the comments in here onto twitter...
[14:29] <@wrbtrader> It's got some hiccups but hopefully I'll get it up and running soon.
[14:29] <+Nesi> euro probably pullback coming
[14:29] <@wrbtrader> It's usefulness will be for those not logged into #futurestrades or having problems staying logged in (disconnection problems).
[14:29] <+Nesi> you do the scripts yourself..wrbtrader?
[14:30] <@wrbtrader> No...I take someone's else script and tear it apart and then put it together for my own use
[14:31] <+JimL14> good job, i just saw you twipost on the volatility ranges, it went right in
[14:32] <+JimL28> Exited all TF Long @ 559.6 --> 0 «« simulator »»
[14:32] <@wrbtrader> yeah...works sometimes...other times it doesn't and other times it crashes my software
[14:32] <+jbuch> Long ES @ 995 -> Add
[14:32] <@wrbtrader> It's still in beta
[14:32] <Forex2stay> anyone here us NinjaTrader?
[14:33] <+Forex2stay> power outage and my tradstation crashed now it says my historical data is corrupt
[14:33] <+JimL14> keep plugging, wrbtrader, looks good
[14:34] <+Nesi> i saw the post.. wrbtrader
[14:34] <+Nesi> watching the euro probably going to 1.4220 area
[14:36] <+JimL14> 4x2stay, disconnect from data server, go to Tools, Options, Misc, find button for Repair DB. Once you start, let it finish, it will tell you are complete. Reboot Ninja, connect data server
[14:37] <+tomosyn57> Shorts SSO @ 30.58
[14:39] <+JimL14> nq & tf a little stronger than es right now, both still in the coiled wedge formation, so es swngpt breach not confirmed in the others
[14:40] <+jbuch> Exited all ES Long @ 994. 57 --> + 994. 57 - 996.25 + 994. 57 - 995
[14:40] <+jbuch> bad bad trade
[14:41] <+tomosyn57> Covered Remainder SSO Short @ 30.60 --> - 0.02
[14:42] <+jbuch> Exited all ES Long @ 994.75 --> - 1.5
[14:43] <+Forex2stay> thanks JimL trying it now
[14:52] <+jbuch> Long ES @ 994.75
[14:56] <+jbuch> Exited 1/2 ES Long @ 996 --> + 1.25
[14:57] <+jbuch> want my money back
[14:58] <+jbuch> tick tagged 1000
[14:59] <Forex2stay> thanks JimL all is good now.
[14:59] <+jbuch> early in the game for that
[15:01] <+jbuch> Exited all ES Long @ 995.5 --> + 0.75
[15:01] <+jbuch> break even with commisions afte my stupidity
[15:01] <+jbuch> happy with that
[15:04] <+jbuch> broke the down trendline
[15:06] <+jbuch> would like to see it test below 994
[15:07] <+jbuch> maybe a frowning face today
[15:12] <+Nesi> feels like panic in the making to me
[15:15] <+kosmipt> Long NQ @ 92.25 «« simulator »»
[15:21] <JimL28> Shorts TF @ 558.1 «« simulator »»
[15:22] <+JimL28> 2
[15:22] <+jbuch> welcome back jim how have ya been.
[15:23] <+jbuch> Long ES @ 993
[15:23] <JimL14> internet failure
[15:23] <+jbuch> hard to be funny and witty with no tonal inflections
[15:25] <+jbuch> Exited all ES Long @ 993.25 --> + 0.25
[15:32] <kosmipt1> Exited all NQ Long @ 92.50 --> + 0.25 «« simulator »»
[15:32] <+kosmipt1> will go long NQ if 93.75 breaks
[15:37] <+kosmipt1> Shorts NQ @ 92.25 «« simulator »»
[15:37] <@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.
[15:38] <+kosmipt1> very iffy, will try to keep stop tight
[15:39] <+kosmipt1> Covered all NQ Short @ 93.75 --> - 1.5 «« simulator »»
[15:39] <+kosmipt1> Long NQ @ 93.75 «« simulator »»
[15:39] <+jbuch> Long ES @ 994
[15:40] <+tomosyn57> Long SSO @ 30.53
[15:40] <luffy1> how everyone do today?
[15:40] <+luffy1> i had one long trade at the open for 4 pts
[15:40] <+luffy1> that was it
[15:40] <+jbuch> the only reasonbly stop is a long ways away
[15:41] <+JimL28> Covered all TF Short @ 558.9 --> - 0.8 «« simulator »»
[15:41] <OICU812> use the down trendline JB
[15:41] <+tomosyn57> Exited 1/2 SSO Long @ 30.58 --> + 0.05
[15:42] <+luffy1> tomo, how do u like trading the sso's? I had some great longs at 29.59 which i took out too early... i feel commisions on stocks are killing me
[15:42] <+jbuch> thanks good call
[15:42] <+kosmipt1> hoping for retest of highs at 1600, but only 20 mins left
[15:43] <+tomosyn57> sso is ok. sometimes don't get good fills since it is thinner volume than SPY, but get twice the volatility, so can't complain
[15:44] <+luffy1> cool. i have to do sso for my ira acct, wish i can do es on that too. are u trading sso due to leverage?
[15:44] <+luffy1> why not es?
[15:44] <+tomosyn57> SDS has more volume, so if you can think upside down, it is sometimes better.
[15:45] <+luffy1> ok ic
[15:46] <+tomosyn57> my broker doesn't have es, so for now i trade ETF's. may switch to es if i get better at this.
[15:46] <+jbuch> Exited all ES Long @ 994.25 --> + 0.25
[15:46] <+luffy1> es kicks ass
[15:46] <+luffy1>
[15:47] <+luffy1> i just have psych problems holding... i held my sso's from 29.59 for 80+cent gain
[15:47] <+luffy1> cant do the same on my es
[15:47] <+luffy1> always close too early
[15:47] <+tomosyn57> Exited Remainder SSO Long @ 30.53 --> 0
[15:47] <+luffy1> also schwab kills me on my commistion $8 a trade.. highway robberty
[15:48] <+luffy1> robery
[15:48] <+tomosyn57> does schwab have es?
[15:48] <+luffy1> on 100shs need 16cents just to break even
[15:48] <+luffy1> shcwab only has etfs
[15:48] <+tomosyn57> what broker you use now
[15:49] <+luffy1> i'm getting out of shwab only for ira.. i use tradestion for futures
[15:50] <+jbuch> Long ES @ 993.75
[15:50] <+luffy1> $8 trades are ok if u swinging 10000 shs
[15:50] <+luffy1> which.. unforutnally i cannot do without leverege
[15:50] <+luffy1> lol
[15:50] <+kosmipt1> Long NQ @ 94.75 -> Add «« simulator »»
[15:54] <+jbuch> come on 995.25
[15:56] <+kosmipt1> Exited 1/2 NQ Long @ 95.50 --> + 0.75 «« simulator »»
[15:56] <+jbuch> Exited all ES Long @ 995 --> + 1.25
[15:56] <@wrbtrader> Long ES @ 995.25 -> small size
[15:57] <@wrbtrader> 2 only
[15:57] <+jbuch> shoot
[15:59] <+jbuch> Shorts ES @ 995.25
[16:00] <+jbuch> ding ding
[16:00] <+kosmipt1> Exited Remainder NQ Long @ 95.75 --> + 2 «« simulator »»
[16:01] <+kosmipt1> done for the day
[16:01] <@wrbtrader> Exited all ES Long @ 995.50 --> + 0.25
[16:03] <@wrbtrader> Take care all and see all tomorrow...got to get ready for a family event tonight.
[16:03] * wrbtrader is now known as wrbtrader_away
[16:04] <+OICU812> have a good pm everyone
[16:07] <+luffy1> cya everyone
[16:07] <+jbuch> Covered all ES Short @ 995 --> + 0.25
[16:07] <+jbuch> jeez hit my exit 10times before fill
[16:08] <+jbuch> have a good night all.

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