#FuturesTrades is
free along with being a serious professional trading chat room and 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 as long as they do not violate our
Terms of Use (TOU) Policy.
------------------------
Session Start: Fri Oct 16 09:27:22 2009
Session Ident: #futurestrades
[09:27] * Now talking in #futurestrades
[09:27] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:28] <rickf>
all
[09:29] <drt>
rickf, all
[09:30] <+rickf> ding
[09:30] <Nesi> hi all, good trading all
[09:34] <@wrbtrader> Good morning all
[09:34] <+codehead>
[09:35] <+Nesi> seems good volatility already out of the gates
[09:36] <@wrbtrader> Yes
[09:39] <jbuch> Long ES @ 1084
[09:40] <+jbuch> Exited all ES Long @ 1084.5 --> + 0.5
[09:43] <@wrbtrader> Theory By Institutional Friend - He thinks the reason why there's more directional price movements before the 0930am est open is because more retail traders are trading the earlier in the morning prior to going to work.
[09:43] <+rickf> how many retailers trade futures though? or is he talking equities/etfs?
[09:43] <@wrbtrader> Simply, he believes last year financial collapse forced many retail traders into traditional fulltime jobs during the day and if they want to trade...they need to do it before going to work.
[09:44] <@wrbtrader> Talking about futures.
[09:44] <+rickf> interesting
[09:44] <@wrbtrader> He also thinks this is why there's more retail traders moving to Forex Currencies...
[09:44] <+rickf> oh DEFINATELY
[09:44] <+jbuch> Long ES @ 1084.25
[09:44] <+rickf> there's tons of ads on TV for forex -- "closing bell? what closing bell..."
[09:44] <@wrbtrader> They can trade anytime while having a job elsewhere.
[09:45] <@wrbtrader> Anyways, I agree with his theory about most of the good price moves are occurring while I'm still asleep
[09:47] <+rickf> yeah -- would love to trade the eurex session ... 1 or 2 trades and i'd be done for the day before the sun come sup here
[09:47] <@wrbtrader> His office originally only had 3 traders trading from 2am est to 11am est before the financial collapse...
[09:47] <@wrbtrader> Currently they now have 15 traders trading that same duration.
[09:47] <+rickf> do we need to form a commodity trading pool and do that too?
[09:48] <+drt> l es 84
[09:48] <+rickf> we can all log off at noontime ET
[09:48] <+Nesi> good idea.. we all give the money to wrbtrader )
[09:48] <+rickf> ummm where did the vol go since the open?
[09:49] <@wrbtrader> Only if you had > 1 million as an entry
[09:49] <@wrbtrader>
[09:49] <+rickf> short 6e 1.4876 paper
[09:49] <@wrbtrader> Anything less not worth my time
[09:49] <+Nesi> come on
[09:49] <+rickf> i am dealing w/head cold today - any futs trades are paper today
[09:50] <+Nesi> we have numbers soon
[09:50] <+Nesi> Consumer Sentiment at 9:55ET consensus 74
[09:50] <+rickf> urg right thx
[09:50] <@wrbtrader> What's up with the new correlation with EuroFX 6E to the Eminis...
[09:51] <@wrbtrader> I've been hearing more and more about that lately.
[09:51] <+Nesi> pretty much the same chart... u are right.. wrbtrader
[09:51] <+rickf> 6E and ES have generally traded together -- at least in the past 4 monts that i've tracked /traded it
[09:51] <+Nesi> thx
[09:51] <+rickf> less chop, better behaved though
[09:53] <+drt> cl es 85.50
[09:53] <+Nesi> shorts YM 9941 PAPER
[09:53] <+Nesi> 09:51ET *German Econ Min: Weak Dollar No Reason For Concern For Econ
[09:54] <+Nesi> I think they should worry more about the dollar than the US..imho
[09:54] <+Nesi> 6E cant take 149.00 so far
[09:55] <+Nesi> bit of resistance there..imho
[09:55] <+Nesi> numbers out?
[09:55] <+Nesi> what is that
[09:55] <+Nesi> 69.4
[09:55] <+Nesi> 09:55ET *Reuters/Univ Michigan Mid-Oct Sentiment 69.4; Sep 73.5
[09:56] <+jbuch> Exited all ES Long @ 83.75 --> - 1000.5
[09:56] <+Nesi> i think the way today is short
[09:56] <+jbuch> oops 1083.75
[09:56] <+Nesi> oucharola...jb
[09:56] <@wrbtrader> Shorts ES @ 1082.00 -> large size
[09:56] <@wrbtrader> 9 only
[09:56] <@wrbtrader> I got some data problems with that entry
[09:56] <@wrbtrader> need to be careful
[09:57] <+Nesi> it is jumping a lot today..wrbtrader
[09:57] <+jbuch> got burned on that had my stop at 1084.75
[09:57] <+Nesi> cover YM 9910 from 9941
[09:57] <+rickf> exit 6e 1.4876 b/e paper
[09:58] <+Nesi> at least we are having volality.. dont u guys agree?
[09:58] <+rickf> i got in early to begin with and would have added at -10 ticks but with numbers coming out i didn't do it .... would have been profitable trade but better risk control this way
[09:59] <+Nesi> shorts YM 9918
[09:59] <+jbuch> Shorts ES @ 1082.5
[09:59] <+Nesi> market getting weaker
[10:00] <+Nesi> finally good mojo
[10:00] <@wrbtrader> Covered all ES Short @ 1081.00 --> + 1
[10:01] <Forex2stay> in remarks to the EURUSD and ES correlation. Other FX traders that i talk to believe that EURUSD is the leader in this correlation. When i'm in a EURUSD trade I will watch ES and if it's participating in the move I'll be more patient and let my trade run.
[10:01] <@wrbtrader> Early exit...need to reboot my entire system
[10:01] <+Nesi> thx forex
[10:01] <@wrbtrader> Be right back.
[10:01] * wrbtrader is now known as wrbtrader_away
[10:02] <+jbuch> Covered all ES Short @ 1080 --> + 2.5
[10:02] <+Nesi> nice jb
[10:02] <+rickf> vn
[10:02] <+jbuch> thanks
[10:04] <+Nesi> cover YM 9895 from 9918
[10:06] <+jbuch> nice Nesi
[10:06] <+Nesi> thx, its paper
[10:07] <+jbuch> good to see some freaking volatility. thought we were slipping back in time to last summer.
[10:07] <+Nesi> yeah
[10:09] <+rickf>
[10:09] <+rickf> question is do we get more or will this be the
er trade until 3:30
[10:10] <+Nesi> to me it looks like we have a good chance for volatility all day
[10:10] <+Nesi> imho
[10:11] <+jbuch> hopefully the market will go down for a ways to at least 1040 or 1050
[10:11] <+Nesi> today..
[10:11] <+jbuch> not all today of course but over next week
[10:12] <+jbuch> I think the volatility is so dead because the market is so overbought
[10:12] <+jbuch> and no long term players are coming in to the market
[10:13] <+jbuch> needs to retrace
[10:15] <+jbuch> if it went all the way down there today that would be cool though
[10:32] <+Nesi> shorts YM 9910
[10:34] <+Nesi> chop showing up its face again?
[10:54] <pdays> Shorts ES @ 1078.75
[10:55] <+Nesi> pressure coming in
[10:55] <+Nesi> 6E pressure
[10:56] <+pdays> Covered all ES Short @ 1078.0 --> + 0.75
[10:57] <+Nesi> does not feel to me we bounce here.. instead we make new lows
[11:02] <+Nesi> 6E got love
[11:02] <+Nesi> and helping ES
[11:03] <+Nesi> 6E trying again for big 149.00
[11:03] <+Nesi> covers YM 9905 from 9910
[11:04] <+Nesi> oh well
[11:05] <+Nesi> 6E realoding
[11:06] <+Nesi> breaking out
[11:06] <+Nesi> nice ïndicator" the 6E
[11:06] <+rickf> drat, missed 6e long around 1.4866
[11:06] <+Nesi> watching if holds 149.00
[11:08] <+Nesi> shorts the 6E 149.00
[11:08] <+Nesi> stop set at 149.15
[11:08] <+Nesi> 12.50 each tick..
[11:08] <+Nesi> like the ES
[11:09] <+Nesi> its a paper trade, fwiw
[11:13] <+rickf> 6e is great for scalps via OCO trades
[11:13] <+Nesi> what is OCO.. dont remember
[11:14] <+rickf> one cancels other
[11:14] <+Nesi> oh..thanks rick
[11:14] <+rickf> actually meant one triggers two, or whatever braket order you use
[11:14] <+rickf> enter, set a limit target, set stop, and wait
[11:14] <+Nesi> thanks rick
[11:14] <+rickf> mp
[11:14] <+rickf> np
[11:15] <+Nesi> i always click myself or set hard stops myself
[11:15] <+Nesi> now i just set a hard stop at 149.00 on the 6E
[11:19] <+Nesi> 6e not helping ES
[11:20] <+Nesi> you guys watching it?
[11:20] <+Nesi> i watch one min chart
[11:20] <+rickf> nope - only looking 6e right now
[11:22] <+rickf> short es 1081.75 paper
[11:26] <+rickf> hrm monday is black monday aniversary from 1987
[11:27] <+rickf> exit es 1080.50 +1.25 paper
[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] <+Nesi> shorts YM 9910 paper
[11:34] <+Nesi> IF ES takes 1080 probably we aim lower
[11:35] <+rickf> i'm flat until 2 or 230 i think ... gonna grab lunch and try to clear my head
[11:35] <+Nesi> mojo again
[11:35] <+Nesi> heads up
[11:43] <+Nesi> come on ...diiiive
[12:31] <+rickf> OT: Lunchtime fun; Bird & Fortune did a new financial industry skit the other night:
http://www.ft.com/cms/4fe40d1a-07b4-11d ... fd2ac.html[12:55] <JimL14> nq trying to lead eminis out to this hole, but need help from gold & oil
[13:31] <@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.
[13:44] * wrbtrader_away is now known as wrbtrader
[14:10] <+rickf> long es 1083 paper
[14:21] <+rickf> exit es 1094 paper +1
[14:21] <+rickf> you may now keep climing, es emini
[14:32] <+codehead> oil closing hod
[14:32] <+codehead> USO broke out a nice daily here
[14:32] <+codehead> terribly under-performing crude, but looking very bullish in it's own right now
[14:58] <MK> Long ES @ 1084.25 «« simulator »»
[15:13] <@wrbtrader> Long ES @ 1085.50 -> small size
[15:13] <@wrbtrader> 1 only
[15:14] <@wrbtrader> Gotta leave here soon for about 20 mins...wanted to keep the position size small.
[15:36] <+rickf> yaaawn
[15:37] <+MK> Exited all ES Long @ 1087 --> + 2.75 «« simulator »»
[15:38] <@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.
[15:47] <+MK> Shorts ES @ 1085.75 «« simulator »»
[15:50] * code is now known as codehead
[15:53] <+rickf> long es 1084 paper
[15:54] <+MK> Covered all ES Short @ 1083.25 --> + 2.5 «« simulator »»
[15:55] <+MK> Long ES @ 1083.5 «« simulator »»
[15:57] <+rickf> out 1084 b/e paper (late)
[15:58] <@wrbtrader> Just got back...late trade post...
[15:58] <@wrbtrader> Exited ES Long @ 1085.75 --> + 0.25
[15:58] <@wrbtrader> It was a 1 contract position
[15:58] <+MK> Exited ES Long @ 1083.25 --> - 0.25 «« simulator »»
[15:58] <+MK> Reverse and Enter Short ES @ 1083.25 «« simulator »»
[16:00] <@wrbtrader> Long ES @ 1084.25 -> small size
[16:00] <@wrbtrader> 3 only
[16:01] <@wrbtrader> Exited all ES Long @ 1083.50 --> - 0.75
[16:04] <@wrbtrader> Long ES @ 1083.00 -> small size
[16:05] <@wrbtrader> 1 only
[16:05] <@wrbtrader> Exited ES Long @ 1082.50 --> - 0.5
[16:06] <@wrbtrader> Shorts ES @ 1081.50 -> small size
[16:06] <@wrbtrader> 2 only
[16:06] <+MK> Covered all ES Short @ 1080.75 --> + 2.5 «« simulator »»
[16:07] <+rickf> vn
[16:07] <+MK> Long ES @ 1081.5 «« simulator »»
[16:08] <+rickf> ok guys have a good w/e -- see you on monday
[16:09] <+Nesi> have a great weekend all
[16:12] <+MK> Exited all ES Long @ 1082.25 --> + 0.75 «« simulator »»
[16:13] <@wrbtrader> Covered ES Short @ 1082.00 --> - 0.5
[16:14] <@wrbtrader> that experimentation after the 4pm est didn't go so well
[16:16] <@wrbtrader> Small profits for the day +6 points but the goal of the day was only +5 points because I plan on doing only a few trades today due to some personal stuff...
[16:16] <@wrbtrader> Installed new ceiling tiles in the basement office and new ceiling lights.
[16:17] <@wrbtrader> Take care all and see all on Monday...have a good weekend.
[16:17] * wrbtrader is now known as wrbtrader_away
[17:41] <@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.
[19:47] <@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.
[21:53] <@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: Fri Oct 16 23:35:29 2009
-------------------------
#FuturesTrades is
free and is a serious professional trading chat room in which 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. To gain access to #FuturesTrades...please follow the instructions at the below link.
http://www.thestrategylab.com/ftchat/forum/viewforum.php?f=5The purpose of #FuturesTrades is that it's designed to be a
trade journal for documentation purposes only so that members can have a time stamp archive of trades and market commentaries of each trading day so that they can better understand their broker statements from one trade to the next trade when they review their performance numbers on any given trading day.
Further, members are not obligated to educate nor help other members but members are encourage to ask questions about any trades or market commentaries that's posted by others.
In addition, 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 Also, 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
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Reminder, our
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