##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.

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Session Start: Fri Aug 28 00:00:00 2009
Session Ident: #futurestrades
[08:26] <rickf> Personal Income and Outlays & 0830
[08:54] * codehead_afk is now known as codehead
[09:08] <jbuch> geezwhat a pop
[09:09] <+rickf> intel news
[09:09] <+jbuch> oh yeah
[09:09] <Forex2stay> morning all
[09:11] <+jbuch> I opened up my computer three minutes before thepop and said to mysely were going up went to the bathroom and bam
[09:11] <+rickf> oh that was me testing a new bot
[09:11] <+rickf> 1000 contracts for a 1 tick profit target
[09:12] <+jbuch> now were at the high of the year scary to get in here
[09:13] <+rickf> yeah no kidding
[09:13] <+jbuch> getting some coffee going brb
[09:21] <JimL14> across the charts everthing supporting the current move & trend, all ready to break swings into new price structures; oil, gold, usd, bonds, & equities, waiting on some divergences to enter or paly countertrend opptys
[09:22] <+JimL14> paly = play
[09:23] <+rickf> i saw "he who must not be named" last night while avoiding coverage of the kennedy death ... he was saying how we should be buying the dips in stocks ... i couldn't believe it -- after 30pct parabolic move up, he's saying this is a new bull market?
[09:23] <+JimL14> summer trading, friday, b4 Labor Day, no heroics here; specially after yesterday's shenanighans
[09:23] <+rickf> indeed
[09:24] <+rickf> i am not looking for serious trend action / changes / moves until after labor day
[09:24] <+rickf> summertime market
[09:26] <+jbuch> easy to say buy the dips after the dip has occured
[09:26] <+Forex2stay> I never understand how these CNBC guys can honestly talk and try to predict the market....you can't predict MOB behavior and that is what the market is.
[09:27] <+rickf> yeah really
[09:27] <+jbuch> it is easy they have perma bulls and perma bears
[09:27] <+Forex2stay> yeah...debate TV at its best
[09:28] <+rickf> i have not done long-side equity trades in 3 months ... i don't trust this spike as anything more than a bear market bounce
[09:28] <+rickf> painful to watch the market shoot up, but i don't feel like i missed the train
[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.
[09:28] <+jbuch> the perma bulls like the idiot who can't be named he only shut up about right at the bottom of the plunge
[09:28] <+Forex2stay> EURO try to test 14000 mark again
[09:28] <+jbuch> about buying
[09:29] <+rickf> yah
[09:29] <+Forex2stay> it was defended pretty drastically yesterday
[09:29] <drt> all
[09:29] <+jbuch> I want to call him and ask what he might think will happen to the market when the gov buying programs end
[09:31] <+jbuch> lets see if the profit taking turns into a stampede or if we are going to break up to the next level
[09:31] <+Forex2stay> EURO looking really strong
[09:33] <+rickf> long es 1036 paper
[09:33] <+jbuch> shhot had an order to go short at 37 no fill
[09:35] <+jbuch> about 50% of the wrb
[09:36] <+rickf> exit es 1038.50 +2.5 paper
[09:37] <+jbuch> beauty
[09:37] <+rickf> thx
[09:38] <pdays> Shorts TF @ 589.4
[09:39] <JimL28> Long TF @ 587.6 «« simulator »»
[09:39] <+pdays> Covered all TF Short @ 587.9 --> + 1.5
[09:40] <+jbuch> Long ES @ 1036
[09:41] <+jbuch> Exited all ES Long @ 1035.25 --> - 0.75
[09:41] <+JimL28> Exited TF Long @ 586.8 --> - 0.8 «« simulator »»
[09:41] <+JimL28> Reverse and Enter Short TF @ 586.8 «« simulator »»
[09:45] <+JimL14> played that wrong, shorted right into the premarket consolidation, now have to wait
[09:47] <+JimL28> Covered 1/2 TF Short @ 584.8 --> + 2 «« simulator »»
[09:48] <+rickf> vn
[09:50] <+rickf> long 6e 1.4379
[09:50] <+jbuch> Long ES @ 1033
[09:51] <+jbuch> Long ES @ 1032.5 -> Add
[09:52] <+rickf> exit 6e 1.4383 +4
[09:52] <+rickf> news at 955
[09:52] <+rickf> Consumer Sentiment
[09:52] <+rickf> (hence the exit)
[09:53] <+jbuch> Exited 1/2 ES Long @ 1033.75 --> + 1.25
[09:54] <+rickf> wtg
[09:55] <+JimL28> Covered Remainder TF Short @ 586.1 --> + 0.7 «« simulator »»
[09:55] <+jbuch> Exited all ES Long @ 1034.5 --> + 1.5
[09:55] <+jbuch> violent
[09:56] <+rickf> Consumer Sentiment Eases Slightly in August From July
[09:56] <+JimL14> exited prior to news, but way to too late in the propr mgmt of that trade
[09:58] <Forex2stay_1> having Internet issues here
[09:58] <+jbuch> bummer
[09:59] <+jbuch> makes putting on a trade hard
[09:59] <+JimL28> Shorts TF @ 584.1 «« simulator »»
[09:59] <+JimL28> 2
[09:59] <+Forex2stay_1> going to switch to simulator trading until Internet is steady
[09:59] <+jbuch> does any use internet via dsl in here
[09:59] <+JimL28> Covered 1/2 TF Short @ 582.9 --> + 1.2 «« simulator »»
[09:59] <+rickf> yep
[09:59] <+rickf> i <3 dsl
[10:00] <+jbuch> no problems
[10:00] <+rickf> nope ... but then again it's a busiess-class line and not residential one
[10:00] <+jbuch> cable company is pissing me off
[10:00] <+jbuch> thinking about switching to direct tv
[10:00] <+rickf> dont
[10:01] <+rickf> the latency will make trading impossible
[10:01] <+jbuch> but worried about their internet which is dsl
[10:01] <+rickf> DSL is fine ... but if you are using satellite for part of that link, you'll get screwed with delays
[10:01] <+rickf> my dsl is fine - no worries whatsoever
[10:01] <+rickf> 7MB down 1MB up
[10:01] <+jbuch> RIGHT ON
[10:02] <+jbuch> SO THERE IS DSL THAT COMES THROUGH THERE SATELLITE LINK AS WELL AS THROUGH THE PHONE LINE didn't know caps were on
[10:03] <+rickf> no .... satellite is wireless
[10:03] <+jbuch> will check with them thanks rick
[10:03] <+rickf> long 6e 1.4363
[10:03] <+rickf> late
[10:05] <+rickf> exit 6e 1.4364 +1
[10:05] * +rickf stopped
[10:06] <+Forex2stay_1> yeah EURO looking for some direction here
[10:07] * Forex2stay_1 is now known as Forex2stay
[10:08] <werner> all
[10:08] <+rickf> hi werner
[10:08] <+rickf> long 6e 1.4362
[10:08] <+rickf> try again
[10:09] <+werner> hi rickf
[10:09] <+jbuch> hey werner
[10:09] <+werner> yo jbuch
[10:10] <+werner> 49/50 litel sup imo
[10:10] <+werner> nq
[10:11] <+werner> late call
[10:11] <+werner> has already workt
[10:11] <+JimL28> Covered all TF Short @ 583.5 --> + 0.6 «« simulator »»
[10:12] <+rickf> exit 6e 1.4373 +11
[10:12] <+rickf> 1.4371 fill .... +9
[10:12] <+werner> wow rickf
[10:12] <+rickf> ty
[10:13] <+jbuch> choppy choppy
[10:13] <+werner> ow thats euro/usd?
[10:13] <+rickf> yes
[10:14] <+werner> ok
[10:16] <+JimL28> Shorts TF @ 583.4 «« simulator »»
[10:16] <+JimL28> 1
[10:18] <+jbuch> Long ES @ 1031.5
[10:18] <+JimL28> Covered all TF Short @ 582.8 --> + 0.6 «« simulator »»
[10:21] <+jbuch> Long ES @ 1031 -> Add
[10:21] <+JimL28> Long TF @ 582.4 «« simulator »»
[10:21] <+Forex2stay> Euro springing together...going to POP
[10:22] <+werner> Long NQ @ 1651.25
[10:22] <+JimL14> emines wedging in trainagle & coming to apex -tryignt o pick direction
[10:22] <+JimL28> Exited all TF Long @ 584.6 --> + 2.2 «« simulator »»
[10:23] <+Forex2stay> let see if we test the 14350 or 14390 first
[10:23] <+JimL28> 582.6
[10:23] <+rickf> ec chopping around
[10:23] <+rickf> not bullsh @ the moment imho
[10:23] <+jbuch> Exited all ES Long @ 1030.25 --> - 2
[10:23] <+rickf>
[10:26] <+jbuch> 1030.25
[10:27] <+werner> Exited all NQ Long @ 1648.75 --> - 2.5
[10:27] <+jbuch> Exited all ES Long @ 1030 --> - 1.5
[10:28] <+jbuch> the calculator is screwing up
[10:28] <+rickf> calculator?
[10:28] <+rickf> oh
[10:28] <+rickf> nm
[10:28] <+JimL14> now sitting @ neckline on the bottom of rt shlder of H&S from yesterday low reversal - this is going to be interesting
[10:28] <+jbuch> had aneg 1 on the first exit and neg .25 on the last
[10:28] <+werner> Long NQ @ 1645.25
[10:28] <pat255> np jb entry is the only thing critica;
[10:29] <+Forex2stay> looks like 14350 wins
[10:29] <+Forex2stay> nice little POP
[10:29] <+JimL14> recognized it too late & I don't take breakouts :<
[10:29] <+rickf> below 14350 looking short
[10:30] <+rickf> not viewing that as a bounce point
[10:30] <+Forex2stay> i recognized it but didn't quite make it to my TP...14351
[10:31] <+werner> maybe sup here
[10:31] <+werner> tf es and nq
[10:32] <+jbuch> dang broke that wedge to the downside in a downtrend and I tiook a long
[10:32] <+jbuch> need more coffee
[10:32] <+werner> yeah me too
[10:33] <+werner> Exited all NQ Long @ 1643.25 --> - 2
[10:33] <+werner> Exited all NQ Long @ 1642.25 --> - 3
[10:34] <+jbuch> 27 is becoming a key vol area
[10:35] <+werner> Long NQ @ 1643.50
[10:37] <+jbuch> nice pop in gold
[10:39] <+werner> Exited all NQ Long @ 1646.25 --> + 2.75
[10:39] <OICU812> Good morning to everyone
[10:39] <+rickf> short es 1029.50 paper
[10:40] <+jbuch> been in a gold long position for MOOOONTHS waiting for that thing to break out its range.
[10:41] <+jbuch> hey OIC
[10:48] <+rickf> exit es 1029.25 +.25 paper
[10:48] <+rickf> back later
[10:51] <+JimL28> Shorts TF @ 581.4 «« simulator »»
[10:51] <+JimL28> 1
[10:53] <+jbuch> have any off you guys read how the vol AIG C FREDDIE AND FANNIE have comprised up 37% of the vol traded on NYSE in the last few weeks
[10:53] <+JimL28> Covered all TF Short @ 581.2 --> + 0.2 «« simulator »»
[10:55] <+OICU812> hows it going today?
[10:55] <+werner> mmm not so good so far
[10:56] <+werner> [16:27] <+werner> Exited all NQ Long @ 1648.75 --> - 2.5
[10:56] <+werner> [16:33] <+werner> Exited all NQ Long @ 1642.25 --> - 3
[10:56] <+werner> [16:38] <+werner> Exited all NQ Long @ 1646.25 --> + 2.75
[10:56] <+werner> see
[11:08] <+Forex2stay> EURO trying to test HOD here
[11:10] <+JimL14> into another concol/wedge pattern here in the emnis
[11:11] <+Forex2stay> 14350 Resistance on EURO is quite strong
[11:15] <+jbuch> Long ES @ 1029
[11:34] <@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.
[11:38] <+JimL28> Shorts TF @ 581.1 «« simulator »»
[11:38] <+JimL28> 1
[11:39] <+JimL14> bored, testing trfline rejection
[11:40] <+jbuch> Exited all ES Long @ 1028. 5 --> + 1028. 5 - 1029
[11:40] <+JimL28> Covered all TF Short @ 580.3 --> + 0.8 «« simulator »»
[11:48] <+jbuch> Long ES @ 1028
[11:52] <+jbuch> Exited all ES Long @ 1027.75 --> - 0.25
[11:55] <+JimL28> Long TF @ 578.9 «« simulator »»
[11:55] <+JimL28> 1
[11:56] <+JimL28> Exited all TF Long @ 579 --> + 0.1 «« simulator »»
[11:57] <+Forex2stay> EURUSD testing low of OR
[11:58] <+jbuch> ur last post it was testing HOD
[11:58] <+jbuch> lol
[12:01] <+Forex2stay> yeah getting some decent price movement
[12:02] <+Forex2stay> course keep in mind LOD and HOD is 60 pips
[12:02] <+Forex2stay> the OR range i'm referring to is the US open range
[12:03] <+jbuch> SURE
[12:03] <+Forex2stay> which is typically significant for me at least
[12:03] <+Forex2stay> i have a seperate OR for the Europe session
[12:03] <+Forex2stay> both have significance for me while trading
[12:22] <+JimL14> well i quess it was a BIG mistake not to stay short over lunch & on a friday in the late Aug, should of, could of, would of, only kidding :/
[12:23] <+JimL14> can you define 'trend day" dummy
[12:25] <+JimL14> need to get on a 2x low swing like yesterday & leave the stops alone - go cut the lawn or something
[12:28] <+JimL28> Long TF @ 575.7 «« simulator »»
[12:28] <+JimL28> 0
[12:28] <+JimL28> 1
[12:28] <+JimL28> exit stop raised TF @ 575.7 «« simulator »»
[12:29] <+JimL28> Trailing Stop Hit TF @ 575.7 --> 0 «« simulator »»
[12:31] <+JimL28> Long TF @ 575.5 «« simulator »»
[12:32] <+JimL28> exit stop raised TF @ 575.8 «« simulator »»
[12:33] <+JimL28> Trailing Stop Hit TF @ 575.8 --> + 0.3 «« simulator »»
[12:39] <+jbuch> Long ES @ 1024.5
[12:41] <+JimL28> Shorts TF @ 577.2 «« simulator »»
[12:41] <+JimL28> 1
[12:41] <+JimL28> exit stop raised TF @ 577.4 «« simulator »»
[12:42] <+JimL28> exit stop lowered TF @ 577 «« simulator »»
[12:43] <+JimL28> Trailing Stop Hit TF @ 577 --> + 0.2 «« simulator »»
[12:43] <+jbuch> Long ES @ 1024.25 -> Add
[12:50] <+jbuch> Exited all ES Long @ 1023.75 --> - 1.25
[12:51] <+pat255> L not working today
[12:51] <+jbuch> Long ES @ 1023.75
[13:00] <+JimL28> Long TF @ 575.7 «« simulator »»
[13:00] <+JimL28> 1
[13:00] <+jbuch> Long ES @ 1023.25 -> Add
[13:00] <+JimL28> exit stop raised TF @ 576 «« simulator »»
[13:05] <+JimL14> need hi'r hi here & then another hi'r lo to get smthing going
[13:07] <+jbuch> see what happen if we get above 25
[13:10] <+JimL14> 2 attempts today to turn this trend around, failed @ making 3 hi'r hi's & 3 hi'r lo's - the 3rd's were the failures & confirmations to go short
[13:10] <+jbuch> Exited 1/2 ES Long @ 1025.75 --> + 2.5
[13:10] <+werner> vn jbuch
[13:11] <+werner> no fills here on that long:(
[13:11] <+jbuch> thanks werner
[13:11] <+JimL14> i only riding 1 horse, gonna let her run until i hit low'r hi & low'r lo
[13:13] <+JimL14> trgt set @ 590.4, stop @ 576 @ play strategy described above
[13:13] <+jbuch> Exited Remainder ES Long @ 1026.75 --> + 3
[13:14] <+jbuch> phewwww
[13:14] <+werner> indd
[13:14] <+werner> nice exits i think
[13:14] <+jbuch> good enough for me:))
[13:14] <+werner> )
[13:15] <+rickf> back
[13:15] <+jbuch> strong move and sure that it will continue but that was about as long as I can hold my breath.
[13:16] <+werner> lol
[13:18] <+jbuch> this 27area is sokey
[13:18] <+werner> yep
[13:19] <+jbuch> tick dropping like a stone
[13:19] <+werner> 579tf also key imo
[13:21] <codehead> taken me a while to start trading again today after a blunder on the open
[13:21] <+codehead> i figured NQ would pull back after an opening squeeze, so i calculated the next major level i could find
[13:21] <+jbuch> something that I have been doing a lot of lately is adding to a losing position right at my stop which I put right below or above S/R.
[13:22] <+codehead> 1667.50 was 1.212 extension, and 1668.50 was symmetry, so i figured there
[13:22] <+codehead> didn't have guts to front run with order in place, so watched and as soon as it hit, punched in sell
[13:22] <+jbuch> has allowed me to escape profitable on many occasions
[13:23] <+codehead> visually, it looked like i got in the order, the platform beeped, dropped like a rock, i put in a stop...
[13:23] <+codehead> then noticed that i didn't really fill the short :-/
[13:24] <+rickf> short es 1027.25 paper
[13:24] <+jbuch> code head would u look atthe 27 as a 50% retracment from the low of yesterday to the high of today
[13:25] <+jbuch> just wondering if it is fib guys radar screen
[13:25] <+codehead> the was a symmetry at 1027... let me check
[13:25] <+codehead> 1028.50 is .382 retracement, symmetry at 1028.75 so that's first
[13:25] <+codehead> but of course 1027 was the over night low and our breakdown, so pausing here
[13:26] <+werner> nq res 40/41 imo
[13:26] <+codehead> we had tick extreme here when it first hit
[13:26] <+codehead> let me look on bigger frame
[13:26] <+werner> next 43.5
[13:27] <+jbuch> yeahtagged 1000 which is why I moved my stop so tight
[13:27] <+werner> Shorts NQ @ 1640.00
[13:27] <+codehead> 1030.5 is next (.5), then 1032.25
[13:31] <+codehead> (after 1028.5-1028.75)
[13:31] <+werner> brb
[13:31] <+jbuch> just set up the fib lines I have from yesterdays low to this am's highs 50% at 1026.69
[13:32] <+jbuch> is that the correct way to look at it code
[13:32] <+codehead> NQ closed Friday 1025.25, and of course we had several closes in a row around there
[13:32] <+codehead> so bulls and bears fight that area a lot
[13:34] <+codehead> yes
[13:34] <+jbuch> Thanks
[13:34] <+codehead> though once we break those, like we did on the retrace, you no longer look at them as support, though you might have some folks who entered there and got trapped, need exit
[13:35] <+rickf> exit es 1027 +.25 paper
[13:35] <+jbuch> exactly
[13:35] <+codehead> tho i think .50 has a little more significance when broke
[13:35] <+jbuch> that what I was wondering )
[13:36] <+codehead> good thought
[13:36] <+jbuch> so as a reult do u turn that into resistance.
[13:36] <+jbuch> or would a fib guy just ignore it
[13:36] <+codehead> btw, .500 is the only level that my software doesn't dim when broken--that's why i said i thought it had more significance
[13:36] <+codehead> coming back up to it
[13:37] <+codehead> the others get greyed-out when violated
[13:37] <+jbuch> ascending wedge
[13:38] <+jbuch> all the people who r trapped getting out people with fresh legs getting in
[13:38] <tomosyn57> Long SSO @ 32.58
[13:39] <+Forex2stay> does anyone in here trade with NinjaTrader realtime?
[13:39] <+codehead> cci 3 min could try here or soon
[13:39] <+Forex2stay> not simulator
[13:39] <+codehead> we havent' pulled back much, could be in a trend change
[13:40] <@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> tick fading but staying above 0
[13:42] <+jbuch> Long ES @ 1027.5
[13:42] <+jbuch> one only
[13:43] <+tomosyn57> Exited 1/4 SSO Long @ 32.62 --> + 0.04
[13:44] <+tomosyn57> Exited 1/4 SSO Long @ 32.60 --> + 0.02
[13:45] <+tomosyn57> Exited Remainder SSO Long @ 32.58 --> 0
[13:46] <+jbuch> Exited all ES Long @ 1026.5 --> - 1
[13:47] <+tomosyn57> Shorts SSO @ 32.54
[13:47] <+werner> Covered all NQ Short @ 1638.00 --> + 2
[13:47] <+tomosyn57> Covered 1/2 SSO Short @ 32.52 --> + 0.02
[13:47] <+jbuch> nice werner
[13:47] <+werner> tx
[13:48] <+rickf> vn
[13:48] <+werner> tx rickf
[13:49] <+tomosyn57> Covered Remainder SSO Short @ 32.55 --> - 0.01
[13:50] <+jbuch> tried to get back in at 26.25
[13:50] <+jbuch> sat on it but no fill
[13:51] <+jbuch> nice lil stop run there
[14:10] <+jbuch> Long ES @ 1026.75
[14:10] <+jbuch> wasn't paying attention late to the party
[14:14] <+jbuch> Exited all ES Long @ 1027 --> + 0.25
[14:18] <+jbuch> shoot
[14:31] <+tomosyn57> Shorts SSO @ 32.58
[14:33] <+codehead> i mentioned that 1028.75 symmetry ealier, and .382 at 1028.50, so we got stopped there
[14:33] <+tomosyn57> Covered 1/2 SSO Short @ 32.56 --> + 0.02
[14:34] <+tomosyn57> Covered 1/4 SSO Short @ 32.50 --> + 0.08
[14:36] <+tomosyn57> Covered Remainder SSO Short @ 32.56 --> + 0.02
[14:42] <+codehead> hm, that bounce point, 1025.25 it's held a couple of times... last friday's close
[14:42] <+codehead> where we've been all week
[14:45] <+jbuch> Shorts ES @ 1026.25
[14:47] <+jbuch> Covered all ES Short @ 1026.5 --> - 0.25
[14:49] <+jbuch> Long ES @ 1027
[14:50] <+tomosyn57> Long SSO @ 32.60
[14:50] <+tomosyn57> Exited 1/2 SSO Long @ 32.64 --> + 0.04
[14:50] <+jbuch> Exited 1/2 ES Long @ 1028.25 --> + 1.25
[14:51] <+tomosyn57> Exited 1/4 SSO Long @ 32.66 --> + 0.06
[14:52] <+jbuch> risking a tick on the remainder
[14:58] <+jbuch> moved it to breakeven plus 1
[14:59] <+rickf> last hour
[15:00] <+jbuch> yeah will probably go beserk and tag me out
[15:00] <+rickf> i'm prolly gonna knock off earyly -- apple's new OS is sitting downstairs and my test laptop needs some loving
[15:01] <+jbuch> lol
[15:01] <+JimL28> exit stop raised TF @ 577.5 «« simulator »»
[15:02] <+JimL14> last hi'r swg lo in my hi'r interval
[15:02] <+jbuch> run be free
[15:02] <+tomosyn57> exit stop set SSO @ 32.64
[15:02] <+rickf> 1fly my pretty candles....fly.....
[15:02] <+rickf> *waves frantically*
[15:03] <+jbuch> exit stop set ES @ 1027.75
[15:03] <+JimL14> will chk back @~4ish, have to do some chores B4 close
[15:05] <+tomosyn57> Trailing Stop Hit SSO @ 32.64 --> + 0.04
[15:05] <+jbuch> Exited Remainder ES Long @ 1027.75 --> + 0.75
[15:07] <+jbuch> cries pathetically in corner
[15:07] <+jbuch> after kicking wall and stubbing toe
[15:08] <+rickf>
[15:08] <+jbuch>
[15:12] <+OICU812> hold on JB
[15:12] <+OICU812> you need one of these
[15:12] <+OICU812> let me show you
[15:12] <+OICU812> http://www.allposters.com/gallery.asp?s ... earch=bang head&f=t&FindID=0&P=1&PP=1&sortby=PD&c=c&page=1
[15:13] <+jbuch> perfect
[15:13] <+jbuch> lol
[15:14] <+jbuch> strangers will be shot survivors will be shot again
[15:14] <+OICU812> lol
[15:15] <+jbuch> Long ES @ 1027.75
[15:20] <+jbuch> punks tried to leave without me
[15:22] <+jbuch> only have 1 would take half off here if I had another tick tagging thousand and at hva of the day
[15:23] <+jbuch> Exited all ES Long @ 1029 --> + 1.25
[15:23] <+rickf> vn
[15:23] <+jbuch> thanks
[15:24] <+rickf> nice way to end the week with a win
[15:24] <+jbuch> vwap and the open right here
[15:24] <+rickf> never got the hang / "into" using vwap myself but if it works for you great!
[15:25] <+jbuch> don't really look at it
[15:25] <luffy> lol
[15:25] <+luffy> hows everyone doing?
[15:25] <+rickf> good
[15:25] <+luffy> cool...
[15:26] <+jbuch> I justlook at levels of high vol were people are stuck in a losing trade
[15:26] <+rickf> you÷
[15:26] <+rickf>
[15:26] <+luffy> i had a great short at 38.5 but got stopped out on retest in the morning.. got mad and didnt take any more trades
[15:26] <+jbuch> how u doing luf
[15:26] <+luffy> i moved stop to be+1
[15:26] <+luffy> today i'm break even
[15:26] <+luffy> i'm getting better at live trades
[15:26] <+luffy> but i have to adjust my stops a bit..
[15:27] <+luffy> tired of gettiing 4 tick stops being hit
[15:27] <+rickf> ouch ... i could never trade that tight
[15:27] <+jbuch> why not just use swings trendlines and othe s/r areas
[15:27] <+luffy> yea i'm uping it to 10 ticks
[15:27] <+rickf> means you gotta be dead right 100% of the time cuz there's not much wiggle room
[15:28] <+luffy> i am right alot, but i hate getting stopped to the tick on noise
[15:28] <+luffy> then price go in my direction
[15:28] <+werner> Shorts NQ @ 1648.50
[15:28] <+jbuch> to me it is all about where u r
[15:28] <+luffy> yea i use s/r to place stops
[15:28] <+luffy> but even then sometimes the pviot gets broken by a tick or two
[15:28] <+luffy> and i'd be tagged out
[15:29] <+jbuch> for example if u had taken a short atthat double top 20 minutes ago why would u use a six tick stop
[15:29] <+luffy> yea that's bad
[15:30] <+luffy> i wouldnt take that trade
[15:30] <+jbuch> if it broke above it by more than a tick or two then ur probably wrong
[15:30] <+luffy> yea those u have to be tight
[15:30] <+luffy> i trade edges tho
[15:30] <+luffy> edges get bent alot
[15:30] <+luffy> trading the middle require tight stops
[15:30] <+luffy> very tight stops
[15:30] <+luffy> i agree
[15:31] <+jbuch> thats not the point the market tells u were to put the stops.
[15:31] <+luffy> yea
[15:32] <+jbuch> but I don't mind taking lil stops and getting back in if it was a false break
[15:32] <+jbuch> so u gotta do what works for u
[15:32] <+luffy> yea
[15:32] <+werner> Covered all NQ Short @ 1645.75 --> + 2.75
[15:32] <+luffy> tru
[15:32] <+rickf> wtg
[15:32] <+werner>
[15:33] <+jbuch> nice werner
[15:33] <+jbuch> plummeting
[15:34] <+werner> tx jbuch
[15:37] <+jbuch> not trying to sound preachy but it is something I think about a lot
[15:39] <+jbuch> I have my stop set at 6 ticks but try and take trades were I am less than 4 ticks awayfrom S/R
[15:39] <+jbuch> so then I will move mystop to 1 or two ticks below that
[15:41] <+jbuch> Long ES @ 1028.25
[15:41] <+tomosyn57> Long SSO @ 32.66
[15:41] <+jbuch> shitty entry
[15:42] <+jbuch> Exited all ES Long @ 1027.75 --> - 0.5
[15:43] <+tomosyn57> Exited all SSO Long @ 32.62 --> - 0.04
[15:43] <+tomosyn57> shitty exit
[15:44] <+jbuch> sometimes it tags me out and reverses and I can't catch it again and it never tagged my what would have been my 6 tick stop. So I go back and forth on it
[15:44] <+tomosyn57> Shorts SSO @ 32.58
[15:44] <MK> Shorts ES @ 1028 «« paper »»
[15:45] <+tomosyn57> Covered 1/2 SSO Short @ 32.55 --> + 0.03
[15:46] <+rickf> okay guys gonna bail early
[15:46] <@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.
[15:46] <+rickf> have a good weekend, see ya on monday
[15:47] <+werner> yeah me too ...nice wk all
[15:47] <+tomosyn57> Covered 1/4 SSO Short @ 32.50 --> + 0.08
[15:48] <+tomosyn57> Covered Remainder SSO Short @ 32.59 --> - 0.01
[15:49] <+luffy> cya
[16:08] <+Forex2stay> have a good weekend everyone...catch you all Monday
[16:08] <+JimL28> exit stop raised TF @ 578.9 «« simulator »»
[16:08] <+luffy> peace out everyone
[16:09] <+jbuch> have a good weekend all
[16:13] <+JimL28> Trailing Stop Hit TF @ 578.9 --> + 3.2 «« simulator »»
[17:49] <@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.

Today's end of trading day market summary: Dow Snaps Winning Streak

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