##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.

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Session Start: Fri Sep 25 06:10:50 2009
Session Ident: #futurestrades
[06:10] * Now talking in #futurestrades
[06:10] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[06:57] <@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.
[08:57] * codehead_afk is now known as codehead
[09:03] <@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.
[09:15] <rickf> all
[09:22] <Forex2stay> morning
[09:30] <drt>
[09:32] <luffy>
[09:32] <+rickf> short es 1043.25 paper
[09:34] <+rickf> exit es 1042 +1.25
[09:34] <+rickf> paper
[09:35] <werner> all
[09:36] <+rickf> hi werner
[09:36] <+werner> hi rickf
[09:41] <jbuch> morning all
[09:41] <+werner> hi jbuch
[09:43] <+rickf> short es 1044.50 paper
[09:45] <+werner> Shorts NQ @ 1703.75
[09:47] <+werner> Covered all NQ Short @ 1705.75 --> - 2
[09:48] <+rickf> news @ 10
[09:48] <+werner> yes thnx
[09:49] <TarderG> 9:55am USD Revised UoM Consumer Sentiment 70.2 70.2
[09:49] <+TarderG> 9:55am USD Revised UoM Inflation Expectations 2.6%
[09:49] <+TarderG> 10:00am USD New Home Sales 442K 433K
[09:49] <+rickf> "tarder"
[09:49] <+rickf> TypoG
[09:49] <+TarderG> hahaha
[09:50] <+TarderG> i don't know how tat happened
[09:50] <+jbuch> lol
[09:50] <+TarderG> i got disconnected and when it reconnected i got this name
[09:51] <+jbuch> mirc is branding u
[09:51] * TarderG is now known as TraderG
[09:53] <+werner> grr bad stop
[09:54] <+TraderG> nothig like a good laugh to relieve tension
[09:54] <+rickf> exit es 1044.50 b/e
[09:55] <+rickf> 9:55 not 10AM my good
[09:56] <+jbuch> Long ES @ 1045
[09:56] <@wrbtrader> Long ES @ 1046.00 -> large size
[09:56] <@wrbtrader> 9 only
[09:56] <+jbuch> something got leaked
[09:56] <@wrbtrader> problem trade but will hold
[09:56] <+TraderG> no. newws r out
[09:57] <+jbuch> somebody knows
[09:57] <@wrbtrader> Yep...looks like a leak or early birds trying to get the worms
[09:58] <+jbuch> Exited all ES Long @ 1047 --> + 2
[09:58] <@wrbtrader> Exited all ES Long @ 1046.50 --> + 0.5
[09:59] <+jbuch> actually UOM came out 5 mins ago
[10:00] <+TraderG> that is when it was supposed to be
[10:00] <winmax60> Jbuch...what is UOM?
[10:00] <+TraderG> Revised UoM Consumer Sentiment
[10:01] <+winmax60> oh...ok...
[10:01] <+jbuch> sorry werner just noticed
[10:01] <+TraderG> Home sales worse than expected
[10:01] <+TraderG> 10:00am USD New Home Sales 429K instead of 442K
[10:02] <+rickf> well if existing sales yesterday were bad, why assume new sales were better?
[10:02] <+rickf> pfffft, "analysts"
[10:02] <+TraderG> who cares.
[10:02] <+werner> no prop jbuch
[10:02] <+TraderG> news r in general irrelevant short term
[10:02] <@wrbtrader> Long ES @ 1044.75 -> large size
[10:02] <@wrbtrader> 9 only
[10:04] <+Forex2stay> sorry wrong window
[10:05] <+jbuch> r u seeing other people forex
[10:06] <+jbuch> I feel so used
[10:06] <+werner> lol
[10:07] <+jbuch> Long ES @ 1046
[10:08] <+jbuch> Exited all ES Long @ 1047.75 --> + 1.75
[10:08] <@wrbtrader> what's up with that 1048 price area acting like a resistance
[10:08] <@wrbtrader> I dont see any thing there.
[10:09] <@wrbtrader> at best it's a weak resistance
[10:09] <+jbuch> me either
[10:09] <@wrbtrader> However, we are still within the range of yesterday's afternoon trading session
[10:09] <+jbuch> but looking at the 30 if we break above could power up
[10:10] <+codehead> man, my news ticker not working today
[10:10] <+codehead> i went short 1048.0 ES, only trade today, before news, got nervous when it was obvious ticker was dead, tighted stop and got 5 ticks but of a 6 pt move
[10:10] <+codehead> and it's right back now
[10:11] <+Forex2stay> too funny jb
[10:12] <+codehead> i'm watching ameritrade command center--anyone use that? news working?
[10:12] <@wrbtrader> Must be Eurex causing the resistance because they're still having trouble getting back above that 0830am price action
[10:13] <@wrbtrader> DAX above it now
[10:13] <+jbuch> Nice hold N
[10:13] <@wrbtrader> Exited all ES Long @ 1048.50 --> + 3.75
[10:13] <+werner> vn
[10:14] <+rickf> wtg
[10:14] <+jbuch> beaut
[10:14] <pat255> vn
[10:14] <@wrbtrader>
[10:15] <+TraderG> lost my connection where is TF now
[10:15] <+werner> 600.40
[10:15] <@wrbtrader> Shorts ES @ 1047.50 -> small size
[10:15] <@wrbtrader> 3 only
[10:15] <+werner> .50
[10:15] <+werner> .10
[10:17] <+TraderG> any 1 here?
[10:17] <+rickf> no
[10:17] <+werner> 599.60
[10:18] <+rickf> 599 70
[10:18] <+rickf> short es 1057 paper
[10:18] <+rickf> 1047
[10:19] <+werner> Shorts NQ @ 1705.75
[10:19] <@wrbtrader> some low volatility range price action showing up a little early
[10:20] <@wrbtrader> Covered all ES Short @ 1047.25 --> + 0.25
[10:20] <+werner> Covered all NQ Short @ 1705.00 --> + 0.75
[10:24] <+werner> Shorts NQ @ 1706.00
[10:24] <+werner> Covered all NQ Short @ 1703.00 --> + 3
[10:26] <+werner>
[10:26] <+rickf> exit es 1046.50 +.50 paper
[10:27] <+rickf> really thought i got it wrong the first few mins after entry ... held thru the chop despite panic buildig
[10:28] * codehead is now known as codehead_afk
[10:29] <+jbuch> nice werner
[10:30] <+jbuch> caught in yesterdays dead zone
[10:32] <@wrbtrader> yep
[10:37] <+pat255> y
[10:55] <+jbuch> chop
[10:56] <+jbuch> maybe another excruciatingly long cosolidation ozne
[11:05] <+jbuch> Long ES @ 1044.5
[11:08] <+jbuch> Exited all ES Long @ 1044.75 --> + 0.25
[11:09] <@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.
[12:00] <+luffy> long 1041
[12:01] <+TraderG> why?
[12:03] <+TraderG> hence my question.....
[12:13] <+TraderG> We are ready for any unforeseen event that may or may not occur.
[12:13] <+TraderG> Dan Quayle, 9/22/90
[12:14] <+TraderG> he must be a trader
[12:14] <+TraderG> or a vice president
[12:19] <pdays> Long TF @ 544.0
[12:19] <+pdays> opps
[12:19] <+pdays> Long TF @ 594
[12:20] <+pdays> Exited all TF Long @ 594.3 --> + 0.3
[12:24] <+jbuch> going fishing
[12:24] <+jbuch> have a good one all
[12:32] <+luffy> stopped out.. long again 38.. last try
[12:49] <+rickf> back
[12:57] * code is now known as codehead
[13:15] <@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.
[13:27] <tomosyn57> Long SSO @ 33.43
[13:28] <+tomosyn57> exit stop set SSO @ 33.45
[13:28] <+tomosyn57> Exited 1/4 SSO Long @ 33.53 --> + 0.1
[13:29] <+tomosyn57> exit stop raised SSO @ 33.47
[13:30] <+rickf> short es 1039.25 paper
[13:32] <+tomosyn57> Exited 1/4 SSO Long @ 33.51 --> + 0.08
[13:32] <+tomosyn57> exit stop raised SSO @ 33.48
[13:34] <+rickf> exit es 1039 +.25 paper
[13:34] <@wrbtrader> Shorts ES @ 1039.00 -> small size
[13:34] <@wrbtrader> 3 only
[13:36] <+rickf> dammit that was what i was waiting for
[13:36] <+rickf> oh well
[13:36] <+tomosyn57> Trailing Stop Hit SSO @ 33.48 --> + 0.05
[13:39] <@wrbtrader> I got Gold on my side but Oil is still being stubborn
[13:45] <@wrbtrader> expecting a volatility spike here soon...hopefuly down and now up
[13:45] <@wrbtrader> Covered all ES Short @ 1040.00 --> - 1
[13:53] <@wrbtrader> key markets not in sync
[13:58] <+rickf> short es 1040.50 paper
[14:02] <@wrbtrader> Shorts ES @ 1043.25 -> small size
[14:02] <@wrbtrader> 3 only
[14:04] <@wrbtrader> Covered all ES Short @ 1043.25 --> 0
[14:04] <@wrbtrader> too much of a fight
[14:10] <@wrbtrader> Shorts ES @ 1042.50 -> medium size
[14:10] <@wrbtrader> 4 only
[14:10] <@wrbtrader> tough trade...won't hang around too long
[14:11] <codehead> NQ bounced off a nice cluster
[14:12] <+codehead> bounced .500
[14:15] <@wrbtrader> Covered all ES Short @ 1042.75 --> - 0.25
[14:21] <Nesi> hello all
[14:27] <+Nesi> Shorts ES @ 1042.00 «« simulator »»
[14:28] <@wrbtrader> be back later
[14:37] <+Nesi> Covered all ES Short @ 1042.00 --> 0 «« simulator »»
[14:41] <+Nesi> Shorts ES @ 1042.00 «« simulator »»
[14:53] <+Nesi> Covered all ES Short @ 1043.00 --> - 1 «« simulator »»
[15:00] <+Nesi> Shorts ES @ 1044.50 «« simulator »»
[15:21] <@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.
[15:30] <@wrbtrader> Long ES @ 1043.50 -> medium size
[15:30] <@wrbtrader> 4 only
[15:39] <@wrbtrader> Exited all ES Long @ 1042.00 --> - 1.5
[15:39] <@wrbtrader> Shorts ES @ 1041.75 -> medium size
[15:40] <@wrbtrader> 4 only
[15:42] <@wrbtrader> Covered all ES Short @ 1040.25 --> + 1.5
[15:42] <+rickf> exit es 1039.75 + .75 paper
[15:42] <+rickf> uuuuugh
[15:43] <+rickf> 2 hours for 3 ticks.....sheesh almost bailed a few times for a loss out of sheer frustration
[15:44] <@wrbtrader> I hope that volatility spike we just saw isn't the last for the day.
[15:45] <@wrbtrader> Long ES @ 1040.00 -> medium size
[15:46] <@wrbtrader> 4 only
[15:46] <@wrbtrader> intuition
[15:47] <@wrbtrader> I'm not asking for the ocean to part...I just want 1 lousy point.
[15:49] <+rickf> technically i'd be looking long right now but gut and time of day suggests otherwise imho
[15:50] <+rickf> but after that last one i'm gonna stand down for the week
[15:51] <+rickf> there's your point wrbtrader
[15:51] <@wrbtrader> Exited all ES Long @ 1042.00 --> + 2
[15:52] <@wrbtrader> 1042.00 is a resistance area
[15:55] <@wrbtrader> volatility dropping fast...
[15:55] <@wrbtrader> I hope its setting up for one more volatility spike before the markets calls it a day
[15:57] <+rickf> bingo ... slide into the close...
[15:57] <@wrbtrader> weak support area
[15:58] <+rickf> well more like stumble into the close
[15:58] <+Nesi> Covered all ES Short @ 1040.00 --> + 4.5 «« simulator »»
[15:58] <+rickf> slide connotates the ES going "yee haa!!" on the way down
[15:58] <+rickf> this is more like a "d'oh"
[15:58] <+Nesi> have a great weekend all
[15:58] <+rickf> wtg
[15:59] <@wrbtrader> Long ES @ 1040.00 -> small size
[15:59] <@wrbtrader> 3 only
[16:00] <+rickf> ding ding
[16:01] <@wrbtrader> Exited all ES Long @ 1041.00 --> + 1
[16:02] <@wrbtrader> A lot better finish today in comparison to yesterday especially after getting slapped with a -1.50 trade about 4 trades ago.
[16:04] <+rickf> have a good w/e everyone
[16:11] <@wrbtrader> Got a lot of website work to do and emails to respond to.
[16:12] <@wrbtrader> Take care all and have a good/safe weekend.
[16:12] * wrbtrader is now known as wrbtrader_away

Market Summary: Stocks Slip for Third Session

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