##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.

------------------------



Session Start: Tue Sep 22 08:39:54 2009
Session Ident: #futurestrades
[08:39] * Now talking in #futurestrades
[08:42] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[08:52] * codehead_afk is now known as codehead
[09:17] <kosmipt>
[09:20] <Forex2stay> bm
[09:20] <+Forex2stay>
[09:29] <drt>
[09:34] <luffy>
[09:35] <+drt> l es 65.25
[09:36] <pdays> Shorts TF @ 617.2
[09:40] <+drt> cl es 65.50
[09:40] <jbuch> Long ES @ 1065.5
[09:40] <+drt> good luck with my contracts
[09:41] <+pdays> Covered all TF Short @ 618.5 --> - 1.3
[09:41] <@wrbtrader> Long ES @ 1065.50 -> large size
[09:41] <@wrbtrader> 9 only
[09:42] <+jbuch> chopppy
[09:43] <+jbuch> Exited all ES Long @ 1065.75 --> + 0.25
[09:43] <+jbuch> somebody else can have em drt
[09:45] <@wrbtrader> Exited all ES Long @ 1064.25 --> - 1.25
[09:46] <@wrbtrader> Looks like it's going to be a range day after 11am est
[09:47] <werner> hi all
[09:49] <@wrbtrader> Shorts ES @ 1063.75 -> large size
[09:49] <@wrbtrader> 9 only
[09:49] <@wrbtrader> Just became bearish via my intermarket analysis of other key markets
[09:54] <@wrbtrader> volatility drying up fast now
[09:55] <+luffy> long sso 35.22
[09:57] <@wrbtrader> volatility still declining
[09:57] <@wrbtrader> It's setting up now for a big pop...
[09:57] <@wrbtrader> hopefully down and not up
[09:59] <@wrbtrader> shallow profit target forming now for me
[09:59] <@wrbtrader> 1063.25 just became a target
[10:00] <@wrbtrader> volatility spike...will hold until Oil and Gol has there own spike down.
[10:00] <OICU812> Good morning
[10:03] <+kosmipt> ES gap fill is 60.50
[10:03] <@wrbtrader> Covered all ES Short @ 1062.00 --> + 1.75
[10:04] <pat255> vn n to hold it ..
[10:04] <+pat255> thot it is going to move up..
[10:05] <@wrbtrader> It did move up but it hit a wall at that resistance area of 1065.25
[10:05] <@wrbtrader> Now that I think it's going to be a range day...I'm going to tighten up my stops.
[10:06] <+pat255> y ..trend is up ...so only looking L..
[10:06] <+pat255> L 62.5
[10:08] <@wrbtrader> Long ES @ 1063.00 -> medium size
[10:08] <@wrbtrader> 4 only
[10:09] <@wrbtrader> geeesh
[10:11] <@wrbtrader> Exited all ES Long @ 1064.50 --> + 1.5
[10:11] <@wrbtrader> early exit
[10:11] <@wrbtrader> be back later...need some visine for the eyes (didn't get much last night)
[10:12] * wrbtrader is now known as wrbtrader_away
[10:14] <+jbuch> Long ES @ 1064.75
[10:21] <+jbuch> Exited all ES Long @ 1065.25 --> + 0.5
[10:25] <+jbuch> Long ES @ 1065
[10:30] <+jbuch> Exited all ES Long @ 1064.5 --> - 0.5
[10:32] * wrbtrader_away is now known as wrbtrader
[10:32] <@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.
[12:04] <codehead> short 1067.50 ES <paper> 3 pt stop, 2 pt target
[12:11] <+jbuch> Long ES @ 1068
[12:17] <+jbuch> Exited all ES Long @ 1068 --> 0
[12:20] <+jbuch> Long ES @ 1068.5
[12:21] <+jbuch> Exited all ES Long @ 1068 --> - 0.5
[12:29] <+jbuch> Long ES @ 1068
[12:29] <+jbuch> one more time
[12:35] <+jbuch> Exited 1/2 ES Long @ 1068.75 --> + 0.75
[12:35] <@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.
[12:36] <+jbuch> strong tick divergance at a multi day high
[12:37] <+jbuch> Exited all ES Long @ 1068 --> 0
[12:38] <+codehead> we have a turn time in a couple mins--see if it pans out
[12:40] <+codehead> exit ES short -0.25 <paper> trade time limit hit
[12:48] <+codehead> i knew that my time-out would coincide with the turn time, and that was annoying when i entered trade, but tracked it anyway
[13:16] <@wrbtrader> weak support area forming
[13:19] <+luffy> closed sso long, reverse.. long sds 39.2 (paper)
[13:24] <@wrbtrader> Shorts ES @ 1065.75 -> medium size
[13:24] <@wrbtrader> Covered all ES Short @ 1066.00 --> - 0.25
[13:25] <@wrbtrader> lucky escape from the trade error
[14:03] * wrbtrader is now known as wrbtrader_away
[14:37] <+jbuch> Long ES @ 1066
[14:41] <@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.
[14:51] <+jbuch> buy people buy
[14:55] <+jbuch> Exited 1/2 ES Long @ 1067.25 --> + 1.25
[14:55] <jigglyhippo> nice trade\
[14:56] <kosmipt> test
[14:56] <+jbuch> thanks
[14:56] <+jbuch> was hoping for an explosion up when we broke 67.5
[15:01] <+jbuch> Exited all ES Long @ 1067.75 --> + 1.75
[15:03] <+jbuch> lucky exit
[15:04] <+jbuch> shitty tight lil low vol range
[15:07] <+jigglyhippo> thats for sure
[15:09] <+jbuch> Long ES @ 1066.75
[15:13] <+jbuch> Exited all ES Long @ 1065.75 --> - 1
[15:14] <OICU812> hows it going today jb
[15:14] <+OICU812> slow slow day
[15:15] <+jbuch> that last trade was dumb but alright other than that.
[15:15] <+jbuch> how r u doing
[15:16] <+werner> Shorts NQ @ 1732.00
[15:17] <+jbuch> hey werner didn't notice u
[15:17] <+werner> yo jbuch
[15:21] <+werner> Shorts NQ @ 1733.75 -> Add
[15:24] <+werner> Covered 1/2 NQ Short @ 1732.75 --> + 1
[15:24] <+OICU812> doing good, slow slow day
[15:25] <+jbuch> Long ES @ 1067.5
[15:25] <+OICU812> been long since 1:20
[15:28] <+jbuch> man NQ's chart looks very different than ES today.
[15:28] <+werner> yes and yesterday too
[15:29] <Sidhartha> jbuch... a good example of the persistently better vol characteristics for day traders in NQ today... ;-)
[15:35] <+jbuch> Exited all ES Long @ 1066.75 --> - 0.75
[15:36] <+jbuch> Long ES @ 1067
[15:38] <+OICU812> i will always say ES is the king for trading professionally
[15:38] <+werner> but is it the leader?
[15:40] <+werner> Covered Remainder NQ Short @ 1734.75 --> - 2.75
[15:43] <TraderG> [15:38:00] <OICU812> i will always say ES is the king for trading professionally
[15:43] <+TraderG> who is the qw?een
[15:43] <+jbuch> Exited all ES Long @ 1067.75 --> + 0.75
[15:44] <+TraderG> [15:38:49] <werner> but is it the leader? with our slow computers and brokers' data feeds, there is no way to tell
[15:45] <+TraderG> try to follow 2 instruments at the smallest time increment you have on your platform, even down to TICK level and you will not be able to tell who is the leader
[15:47] <+werner> Shorts NQ @ 1733.00
[15:48] <+werner> so you do not look at other indiexes like es ym or tf??
[15:51] <+OICU812> everything works some of the time TraderG
[15:52] <+OICU812> so i find it of no use to try to figure out whos leading
[15:53] <+OICU812> just try to focus on the one im trading
[15:53] <+werner> Covered all NQ Short @ 1731.25 --> + 1.75
[15:57] <+werner> i think i know what you mean TG :look at the small time frame and you see it all?? is that right?
[16:03] <+werner> gn all
[16:03] <+OICU812> have a good evening all
[16:03] <+OICU812> nice trading jb
[16:03] <+TraderG> what u c in the small time frames is that things move 2gether.
[16:04] <@wrbtrader_away> Long ES @ 1067.00 -> small size
[16:04] * wrbtrader_away is now known as wrbtrader
[16:04] <@wrbtrader> 2 only
[16:05] <+werner> ok TG thnx ...gn all
[16:15] <@wrbtrader> Exited all ES Long @ 1067.25 --> + 0.25
[16:24] <@wrbtrader> Take care all and see all tomorrow
[16:24] * wrbtrader is now known as wrbtrader_away

Market Summary: Stocks Hit 1-Year Highs

Go Back To TheStrategyLab.com Homepage