#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 09 08:22:05 2009
Session Ident: #futurestrades
[08:22] * Now talking in #futurestrades
[08:22] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[08:25] <Nesi> hi all
[08:25] <+Nesi> morning
[09:16] <@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>
everyone
[09:32] <jbuch> morning all
[09:33] <@wrbtrader> Shorts ES @ 1059.50 -> large size
[09:33] <@wrbtrader> 9 only
[09:35] <@wrbtrader> Covered all ES Short @ 1060.50 --> - 1
[09:36] <@wrbtrader> Will push some size today in comparison to yesterday...yesterday felt mentally exhausted before the first trade of the day.
[09:38] <+jbuch> Long ES @ 1060.75
[09:39] <@wrbtrader> Shorts ES @ 1060.75 -> large size
[09:39] <@wrbtrader> 9 only
[09:40] <@wrbtrader> Covered all ES Short @ 1061.75 --> - 1
[09:41] <@wrbtrader> Shorts ES @ 1061.75 -> large size
[09:42] <@wrbtrader> Covered all ES Short @ 1062.50 --> - 0.75
[09:46] <codehead> ES gap fill
[09:47] <+jbuch> Exited all ES Long @ 1063.5 --> + 2.75
[09:47] <+jbuch> phewww chooooopppppyy
[09:48] <pat255> GM ALL
[09:48] <+pat255> @office
[09:49] <+jbuch> morning pat
[09:49] <+pat255>
jb N others
[09:51] <@wrbtrader> Hi pat255
[09:51] <+pat255>
[09:52] <@wrbtrader> If this clears 1065...it should test 1067
[09:52] <@wrbtrader> It's not even 10am est and volatility mysteriously is dropping fast
[09:53] <+jbuch> feels like us short timers are the only ones in the pool this AM
[09:55] <@wrbtrader> Long ES @ 1064.00 -> large size
[09:55] <@wrbtrader> 6 only
[09:57] <@wrbtrader> Exited all ES Long @ 1064.25 --> + 0.25
[09:57] <@wrbtrader> sidelined...volatility sinking more
[09:59] <+jbuch> Long ES @ 1064.25
[10:01] <+jbuch> Exited all ES Long @ 1063.5 --> - 0.75
[10:01] <@wrbtrader> that's a tough tight 1 point range the last 10 mins
[10:04] <+jbuch> yeah got impatient and bought right at the top of it.
[10:05] <+jbuch> doesn't feel like there is enough umph in this market to break to new highs
[10:06] <pdays> the Morning volume stinks
[10:07] <+jbuch> yeah very weak.
[10:10] <@wrbtrader> I expected A LOT more volatility than this which is why I was pushing some size earlier today.
[10:10] <@wrbtrader>
[10:10] <@wrbtrader> Maybe the floor traders are watching replays of NASA blowing up the moon
[10:11] <+jbuch>
[10:11] <+jbuch> did we blow up the dang moon
[10:11] <@wrbtrader> Long ES @ 1064.25 -> large size
[10:11] <@wrbtrader> 6 only
[10:13] <@wrbtrader> jbuch...a tiny piece of it for research...they shot a rocket/missle at the moon into a crater to look for water and other stuff via examining the moon debris after the explosion
[10:13] <+jbuch> cool
[10:13] <@wrbtrader> Hopefully Emini ES can stay above 1065
[10:14] <@wrbtrader> Will be tough because Oil and Gold just lost a little steam
[10:15] <@wrbtrader> Exited all ES Long @ 1064.25 --> 0
[10:15] <+codehead> short ES 1064.50 <paper>
[10:16] <+codehead> 1.75 stop
[10:16] <+codehead> 1065.25 key, break that and i exit
[10:16] <+jbuch> Shorts ES @ 1064.25
[10:16] <+codehead> could go 1070+
[10:17] <+codehead> exit half +1.00 ES <paper>
[10:17] <+jbuch> could do a whole bunch of sh$%
)
[10:19] <+jbuch> if we break 63 might get interesting to the downside
[10:21] <+codehead> exit ES +2.00 <paper>
[10:21] <+codehead> top could be in for a while
[10:21] <+codehead> again, 1065.25 key
[10:24] <+jbuch> Covered all ES Short @ 1063.5 --> + 0.75
[10:28] <+jbuch> wow what a non event the moon explosion is
[10:30] <+codehead> oh, haven't check that yet
[10:30] <+codehead> i'm still boggled by the Nobel Peace Prize
[10:30] <+codehead> of course, i was last time as well
[10:30] <+jbuch> it is like ok we're going to blow up the 5-4-3-2-psych
[10:30] <@wrbtrader> Long ES @ 1065.00 -> large size
[10:31] <@wrbtrader> 9 only
[10:31] <@wrbtrader> volatility increasing...lets see if it continues
[10:31] <+jbuch> who won last time
[10:31] <+codehead> al gore and the IPCC
[10:32] <+codehead> the thing about obama... of course no track record, and domination deadline was less than 2 weeks after he become president
[10:32] <+codehead> so it's all about "hope"
[10:32] <+codehead> not accomplishment
[10:33] <+codehead> so very strange choice--makes the process look like a shame (if it didn't already)
[10:35] <+codehead> hm, ES tapped a nice symmetry
[10:35] <+codehead> 1065.50
[10:38] <@wrbtrader> Exited all ES Long @ 1064.00 --> - 1
[10:38] <@wrbtrader> Placed that stop at support.
[10:38] <+jbuch> jeeze poke above reverse, poke above reverse, poke below reverse, poke above reverse. tough day to play breakouts
[10:39] <@wrbtrader> Yeah...it's a tight trading range but it won't last long...it never does when a range like this begins before 10am est.
[10:40] <@wrbtrader> That 1064 price area is dangerous...back on the sidelines for me.
[10:41] <Nesi> thanks wrbtrader
[10:41] <@wrbtrader> If it can get to 1064.50 i'll jump back on
[10:42] <@wrbtrader> The same if it can get down to 1063.00
[10:42] <Forex2stay> Bank holiday in US Monday...right?
[10:43] <+jbuch> Long ES @ 1063.75
[10:46] <TraderG> Shorts ES @ 1063.5 «« simulator »»
[10:47] <@wrbtrader> Shorts ES @ 1063.00 -> large size
[10:48] <@wrbtrader> 9 only
[10:48] <+jbuch> Exited all ES Long @ 1063 --> - 0.75
[10:48] <@wrbtrader> Yep...my stop is that 1064 price
[10:49] <@wrbtrader> It's like someone out there is quickly absorbing the volatility as soon as it shows up as in "accumulation".
[10:51] <@wrbtrader> Covered all ES Short @ 1063.75 --> - 0.75
[10:52] <@wrbtrader> 1064 again
[10:52] <+Nesi> amazing
[10:52] <+Nesi> we are glued
[10:52] <+TraderG> Covered all ES Short @ 1064 --> - 0.5 «« simulator »»
[10:53] <@wrbtrader> TraderG...I thought you switched over to Forex
[10:54] <@wrbtrader> Long ES @ 1064.50 -> large size
[10:54] <@wrbtrader> 9 only
[10:55] <+TraderG> i did. i am just playing
[10:56] <+TraderG> i want to do Futures in tthe morning and FX in the evening
[10:57] <+TraderG> so far i am doing better in the evening but not much
with that type of trading
[10:57] <@wrbtrader> That's the 3rd time I've heard that from traders in the past week...futures in the morning and forex in the evening
[10:57] <+Forex2stay> how about fx early morning, fx morning, fx evening
[10:58] <+TraderG> i tried to stay up for the London open but the next day i was a zombie
[10:58] <@wrbtrader> I think Pres. Obama is going to be on TV soon for a speech.
[10:58] <+Forex2stay> yeah know what you mean
[10:58] <+TraderG> i can go until 1AM
[10:58] <+Forex2stay> given thanks for his Nobel prize?
[10:58] <+TraderG> i wished i lived 5hours east
[10:59] <+jbuch> Long ES @ 1064.5
[11:00] <@wrbtrader>
[11:00] <+TraderG> Shorts ES @ 1064.25 «« simulator »»
[11:00] <+Forex2stay>
http://forexblog.oanda.com/20091006/asi ... ervention/[11:00] <+Forex2stay> got this from another room...looks like Asia Central Banks are going setup forex intervention
[11:01] <+Nesi> what does that means
[11:01] <@wrbtrader> Exited all ES Long @ 1064.25 --> - 0.25
[11:01] <+Forex2stay> supposedly they are going to support the USD
[11:01] <+Forex2stay> they are worried about their exports
[11:01] <+TraderG> doesn't seem 2 work so far
[11:02] <+Forex2stay> lol...true
[11:02] <@wrbtrader> Shorts ES @ 1063.75 -> large size
[11:02] <@wrbtrader> 9 only
[11:02] <+Forex2stay> if US says they want strong USD and Asian countires what strong USD, something is broke
[11:05] <@wrbtrader> Apparently Pres. Obama was suppose to speak around 10am est but it kepted getting delayed...
[11:05] <@wrbtrader> Surely the market is not waiting for him to speak
[11:08] <@wrbtrader> Covered all ES Short @ 1064.50 --> - 0.75
[11:08] <@wrbtrader> Someone has a small tight rope on that 1064 price action
[11:08] <@wrbtrader> geesh
[11:09] <+jbuch> not really worth trading
[11:10] <@wrbtrader> If the market moves during Obama's speach or soon afterwards...
[11:10] <+TraderG> Covered all ES Short @ 1064.5 --> - 0.25 «« simulator »»
[11:10] <@wrbtrader> That would imply this darn thing was waiting for him tho talk since 10am est
[11:10] <@wrbtrader>
[11:10] <@wrbtrader> Obama about to talk now
[11:11] <+jbuch> Exited all ES Long @ 1064.75 --> + 0.25
[11:12] <@wrbtrader> 2 point range now from 1065.50 - 1063.50 the last 30mins
[11:13] <+jbuch> hoping it might break and run that time don't know why I thought it would be any different
[11:14] <@wrbtrader> Shorts ES @ 1064.75 -> large size
[11:14] <@wrbtrader> 9 only
[11:14] <@wrbtrader> Epedimic levels of H swine flu in the U.S. and Canada...huge sudden increase the past few months.
[11:17] <@wrbtrader> Obama has been giving his speech since 1110am est but the financial networks just picked it up a minute ago
[11:18] <@wrbtrader> I'm starting to think the market has been "waiting" for him to speak
[11:18] <+TraderG> sell stop to enter short ES @ 1063.5 «« simulator »»
[11:19] <@wrbtrader> I hope he saids something about the economy
[11:19] <+TraderG> cancelled all open stop orders «« simulator »»
[11:22] <@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.
[11:23] <@wrbtrader> Covered all ES Short @ 1064.75 --> 0
[11:23] <+jbuch> hereit goes
[11:23] <@wrbtrader> He's done talking now
[11:24] <+jbuch> tried to go long 3 time there should of just grabbed the dng thing
[11:24] <@wrbtrader> vilatility rising
[11:31] <+jbuch> dang some buddies went fishing today I decided not to go so that I could work.
[11:31] <+jbuch> bad decision
[11:44] <@wrbtrader> 1064.00 again
[11:45] <+Nesi> :/
[11:46] <OICU812> this level of 65 been a big fight
[11:46] <+Nesi> BIG fight
[11:46] <+Nesi> we are glued to it
[11:46] <+OICU812> ive shorted it like a hundred times and it always goes back
[11:50] <@wrbtrader> Shorts ES @ 1063.50 -> large size
[11:50] <@wrbtrader> 9 only
[11:51] <+OICU812> finlay a nice move
[11:53] <+Nesi> :/
[11:56] <+OICU812> you guys hear obama got a nobel prize?
[11:57] <@wrbtrader> Yes...its based upon what he "hopes" to accomplish.
[11:57] <+OICU812> so it is like a futures nobel
[11:57] <+OICU812> lol
[11:57] <@wrbtrader> Yep...I "hope" he gets rid of this "low volatility" crap.
[11:58] <@wrbtrader>
[11:58] <+OICU812> second that one
[11:58] <+OICU812> the ride down will be fun thats a guarantee
[11:59] <@wrbtrader> This is the type of price action that slowly wears you down...
[11:59] <@wrbtrader> Then when you take a break from trading (away from the computer)...
[11:59] <@wrbtrader> It's going to make a big move
[11:59] <+OICU812> lol
[11:59] <+OICU812> have had it happen
[12:00] <@wrbtrader> Someone or groups really don't want this to get too far away from 1064 price area.
[12:01] <+OICU812> trying to make the daily chart pretty for longs
[12:06] <+OICU812> short working :0
[12:06] <@wrbtrader> First one of the day
[12:07] <@wrbtrader> 1 winning trade today and 7 losers.
[12:08] <@wrbtrader> Need a big winner to shake things up in my trading today.
[12:09] <@wrbtrader> Only in the game still because I haven't allowed any losers to be greater than -1
[12:12] <@wrbtrader> It's one of those days its painful to watch a winning trade
[12:12] <@wrbtrader> tooooo ssssllooowwww
[12:12] <+OICU812> well its an annoying day if you ask me
[12:12] <+OICU812> mon and tue were fun though
[12:14] <@wrbtrader> Covered all ES Short @ 1062.25 --> + 1.25
[12:21] <+luffy> hey oic!
[12:21] <+luffy> long time no see
[12:25] <+OICU812> hey luffy
[12:25] <+OICU812> whats up
[12:25] <+luffy> not much slow day
[12:25] <+OICU812> sure is
[12:25] <+luffy> i took a short earlier got stopped out
[12:25] <+luffy> yea obama won nobel
[12:26] <+luffy> for what tho... he hasnt done anything
[12:26] <+Nesi> i agree
[12:26] <+Nesi> he did not do anything so far
[12:26] <+Nesi> imho
[12:26] <+luffy> bill clinton is a better candidate.. at least he rescued 2 journalist
[12:26] <+Nesi> i was a beliver
[12:26] <+luffy> lol
[12:26] <+luffy> i dont belive in hope
[12:26] <+luffy> hope = holding on to a losing trade
[12:26] <+luffy> lol
[12:41] <+jbuch> I am losing HOPE that they Obama will be able to do anything and we will just continue on witht the same ol same ol.
[12:42] <+OICU812> promises nothing more
[12:42] <+Nesi> yup
[12:42] <@wrbtrader> You guys check out EuroFX and EurUsd today...great volatility in those markets.
[12:42] <@wrbtrader> Geeesh...that's where all the action went.
[12:43] <@wrbtrader> Usually during low volatility trading times...Forex Currencies get a lot of attention.
[12:44] <@wrbtrader> I wonder if there's any well known Hedge Funds that trade mainly forex currencies.
[12:49] <Sidhartha> wrbtrader, the TF price action looked more interesting than ES to be honest... looked like more bang for your buck there today...
[12:50] <+jbuch> dollar strong today but oil and es not giving up to much ground.
[12:51] <@wrbtrader> I think anything looks more interesting than ES especially when I'm currently down -36 points
[12:51] <+Nesi> this is probably your worst loss day.. so far.. wrbtrader?
[12:51] <@wrbtrader> No
[12:51] <@wrbtrader> This year...so far if it stays as it is.
[12:52] <@wrbtrader> Worst every was several years ago...something like -120 points
[12:52] <@wrbtrader> Made it back the following two trading days
[12:52] <+Nesi> wowze
[12:53] <@wrbtrader> No biggie...there was another guy in here name AMTSWA or something like that...
[12:53] <@wrbtrader> He lost twice more.
[12:54] <+Sidhartha> same day...
[12:54] <@wrbtrader> Yes
[12:54] <+Sidhartha> what's he doing now...
sweeping the streets...
[12:54] <+Sidhartha> that's nasty
[12:55] <@wrbtrader> He kepted losing the following trading days big too...started doing averaging down stuff.
[12:55] <+Sidhartha> oooppp... mugs game
[12:55] <@wrbtrader> Then he disappeared fora few months and later showed up a EliteTrader.com and Forex Factory I think.
[12:59] <@wrbtrader> He's a big advocate of "averaging into losers".
[13:00] <@wrbtrader> Long ES @ 1064.25 -> large size
[13:00] <@wrbtrader> 6 only
[13:16] <+jbuch> liquidity is plummeting dollar is rising. and ES is maintaining its range. Me so confused.
[13:23] <+jbuch> a moment of volatility and then dead again
[13:25] <@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.
[13:26] <@wrbtrader> Reading "As the Fed gets ready to tighten, it may be time for gold bugs to sell" @
http://www.dailyfinance.com/2009/10/09/ ... ld-bugs-t/ ($GC_F)
[13:39] <+codehead> a little make or break pattern on the 3 min
[13:41] <+codehead> look favoring a little pb, but ES stuck
[13:46] <+codehead> countertrend signal triggered
[13:46] <+codehead> but really stuck
[13:49] <+codehead> possible the signal will complete with just the couple tick pb--sheesh
[13:52] <+jbuch> got an order at 64has hit like 10 times now
[13:52] <+jbuch> no vol
[13:52] <+jbuch> got it
[13:53] <+jbuch> Long ES @ 1064
[13:53] * luffy is now known as luffy-brb
[13:56] <@wrbtrader> Exited all ES Long @ 1064.25 --> 0
[13:58] <@wrbtrader> punks
[13:58] <@wrbtrader> I waited forever and as soon as I exit...it wants to go higher
[13:59] <+OICU812> jb, do you know if there is a tick specifically for the ES?
[14:00] <+jbuch> no there is not
[14:01] <+jbuch> there is 1 for the dow and nq but that is it
[14:01] <+OICU812> on TS i found one thats supposed to be that, but i have delayed data
[14:01] <+jbuch> supposed to be for ES
[14:03] <+OICU812> yes
[14:03] <+jbuch> what is it called
[14:04] <+jbuch> rather what is the symbol
[14:04] * luffy-brb is now known as luffy
[14:04] <+OICU812> in TS it is $ticksp
[14:05] <+OICU812> sorry $tiksp
[14:07] <+jbuch> right on
[14:07] <+jbuch> why do u think it is delayed
[14:08] <+OICU812> dont know
[14:09] <+jbuch> Exited all ES Long @ 1063.5 --> - 0.5
[14:10] <+jbuch> doesn't seem to be
[14:11] <+TraderG> oicu do a ping test
[14:12] <+OICU812> on TS?
[14:12] <+OICU812> you will have to explain to me how to do it heheheeh
[14:12] <@wrbtrader> Shorts ES @ 1063.50 -> large size
[14:12] <+TraderG> no. on your comp 2 c where is the prob
[14:12] <@wrbtrader> 6 only
[14:13] <+TraderG>
http://www.speedtest.net/[14:13] <+jbuch> Long ES @ 1063.5
[14:13] <+TraderG> start the test and there is a number there called PING
[14:13] <+TraderG> it is given in milliseconds
[14:13] <+TraderG> u should be under 50
[14:14] <+OICU812> oh i know how to do that
[14:14] <+OICU812> thats not the problem
[14:14] <+OICU812> i thought you said within TS
[14:14] <+OICU812> i think i dont have that data feed
[14:15] <+OICU812> dont know which one they use
[14:15] <+TraderG> sorry i don't have TS
[14:15] <+luffy> oic theres a better ping test
[14:15] <+luffy> u can ping ts server
[14:15] <+jbuch> starting to getsome vol kicking in
[14:15] <+luffy> i'll find the link
[14:16] <+luffy>
https://www.tradestation.com/Discussion ... xactMatch=[14:17] <+OICU812> thanks
[14:17] <+luffy> np
[14:17] <+OICU812> TS has different data feeds, not sure to which one this $tiksp belongs to
[14:18] <+OICU812> i thought it belonged to CME
[14:18] <+OICU812> but i guess not
[14:18] <+luffy> its not all from central server?
[14:18] <@wrbtrader> Covered all ES Short @ 1064.00 --> - 0.5
[14:19] <@wrbtrader> Long ES @ 1064.00 -> large size
[14:19] <@wrbtrader> 6 only
[14:19] <+jbuch> come on in folks
[14:19] <+jbuch> if we all work together
[14:19] <+OICU812> dont know luffy
[14:19] <+OICU812> im working to the other side jb
[14:19] <+OICU812> :S
[14:20] <+jbuch> don't be like that
[14:20] <+OICU812> i know sorry but have a short from 64.75
[14:20] <+OICU812> and holding
[14:21] <+OICU812> brb
[14:26] <@wrbtrader> It's going to be a long time before I forget that infamous 1064 price level
[14:26] <+jbuch> no shit man
[14:26] <@wrbtrader> Exited all ES Long @ 1063.75 --> - 0.25
[14:29] <+jbuch> tick is breaking up
[14:29] <+jbuch> good vol but nothing
[14:31] <+jbuch> here I come OIC
[14:33] <+jbuch> here I go OIC
[14:37] <+luffy> lol
[14:37] <+luffy> here i come
[14:37] <+luffy> here i go
[14:37] <+jbuch> think I just hang out at 64 fora while
[14:39] <+jbuch> oh yee of little faith in the bull give me your stops.
[14:44] <+jbuch> Exited all ES Long @ 1063.75 --> + 0.25
[14:44] <+jbuch> that was a lot of fun.
[14:47] <+jbuch> in another big wedge
[14:49] <+jbuch> what a biat#$
[14:51] <+jbuch> Long ES @ 1064.75
[14:55] <+codehead> YM creeping
[14:55] <+codehead> making higher higha
[14:57] <+codehead> NQ 1725.00 flat top for b/o
[14:57] <+codehead> squeeze time
[14:59] <+jbuch> weak
[15:01] <+luffy> longs are working
[15:01] <@wrbtrader> Long ES @ 1065.50 -> large size
[15:01] <@wrbtrader> 9 only
[15:02] <+jbuch> Exited all ES Long @ 1066 --> + 1.25
[15:03] <+codehead> long NQ 1725.25 <paper>
[15:04] <+codehead> exit NQ +.25 <paper>
[15:04] <+codehead> just because i want to look for non-paper entry
[15:09] <@wrbtrader> Exited all ES Long @ 1067.00 --> + 1.5
[15:09] <+jbuch> finally had a winner and I flubbed it
[15:10] <@wrbtrader> Long ES @ 1067.25 -> large size
[15:10] <@wrbtrader> 9 only
[15:10] <+jbuch> 1067 was my target on all of the longs that I took
[15:12] <@wrbtrader> Exited all ES Long @ 1067.25 --> 0
[15:13] <@wrbtrader> that trade was a trade error and lucky to escape with little damage as in commissions
[15:16] <@wrbtrader> Shorts ES @ 1066.50 -> large size
[15:16] <@wrbtrader> 6 only
[15:20] <@wrbtrader> It would be really nice if ES would say hello again to the 1064 price area
[15:20] <@wrbtrader> now that I'm short
[15:20] <+jbuch> lol
[15:20] <+jbuch> you miss your old friend now
[15:21] <@wrbtrader> Yeah...hate it when we were together and love it when we are apart
[15:21] <+jbuch> hehe
[15:23] <@wrbtrader> key markets back to not being in sync
[15:29] <@wrbtrader> Covered all ES Short @ 1066.50 --> 0
[15:31] <@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.
[15:31] <@wrbtrader> I'm going to do a research about the trading day before a "Columbus Day Holiday".
[15:32] <@wrbtrader> If they tend to be a range day...I will now have a new 3 day weekend for now on
[15:32] <+jbuch> might be my last 1
[15:32] <@wrbtrader> meand 4 day weekend via taking off the trading day before that holiday
[15:33] <@wrbtrader> Shorts ES @ 1065.75 -> large size
[15:33] <@wrbtrader> 6 pm;u
[15:33] <@wrbtrader> 6 only
[15:41] <@wrbtrader> oh oh...Gold trying to get in sync with Oil
[15:41] <@wrbtrader> Covered all ES Short @ 1066.50 --> - 0.75
[15:44] <+jbuch> dollar looks like it wants to go higher
[15:46] <@wrbtrader> Shorts ES @ 1066.25 -> large size
[15:46] <@wrbtrader> 9 only
[15:48] <@wrbtrader> Wake up 1064...time to do your magic
[15:50] <@wrbtrader> Covered all ES Short @ 1066.25 --> 0
[15:51] <@wrbtrader> it was a good effort
[15:52] <@wrbtrader> This is the most breakeven trades I've had this year...so far 4 breakeven trades
[15:52] <MK> seems buyers support better than sellers
[15:53] <@wrbtrader> Long ES @ 1066.50 -> large size
[15:53] <@wrbtrader> 9 only
[15:59] <+codehead> nice catch
[16:00] <+codehead> YM ES new highs, NQ laggard
[16:00] <@wrbtrader> Exited all ES Long @ 1067.50 --> + 1
[16:02] <@wrbtrader> Long ES @ 1067.50 -> large size
[16:02] <@wrbtrader> 9 only
[16:02] <@wrbtrader> I still want an exit above 1068
[16:03] <+MK> prob get it
[16:04] <+codehead> a little 1068.50 resistance, but the obvious one isn't until 1070.5
[16:08] <+luffy> peace out guys
[16:08] <@wrbtrader> A losing trading day but a good finish to wipe away 2/3 of the losses
[16:11] <+MK> what do you attribute your losses to today? trade error, not following trade signal or what?
[16:15] <@wrbtrader> Exited all ES Long @ 1068.25 --> + 0.75
[16:15] <+codehead> nice
[16:15] <@wrbtrader> MK...everything.
[16:16] <@wrbtrader> Unusual number of breakeven trades that should have been +0.25 to +0.75 had manage my trailing stop properly.
[16:17] <@wrbtrader> 4 trade errors that resulte in 3 losers and 1 winner
[16:17] <+MK> i see...thanks
[16:17] <@wrbtrader> Other than that...I kepted the losers small.
[16:17] <@wrbtrader> Just had too many of them small losing trades
[16:18] <+MK> i admire your discipline in trading
[16:18] <@wrbtrader> Discipline...you meant lack of discipline today
[16:19] <@wrbtrader> Had I had discipline today I probably would have been profitable today via some small change.
[16:19] <+MK> yes, once i had 1-2 lot 100 round turn days with small losses each that added up-will never do that again
[16:20] <@wrbtrader> Looking now at my trading notes...
[16:21] <@wrbtrader> My trading didn't improve until AFTER Pres. Obama's speech.
[16:22] <@wrbtrader> Before that or during the speech...I must have been close to -50 points.
[16:22] <@wrbtrader> Finish the day around -16 points
[16:22] <+MK> great recovery
[16:23] <@wrbtrader> Here's what killed the price action...
[16:23] <+MK> it's prob been asked before but how much of your trades are based on vtr vs str/apaor?
[16:24] <@wrbtrader> Europe and U.S futures made a big movement around 3am est in the morning...long before the opening bell of regular trading hours.
[16:24] <@wrbtrader> We spent almost the entire regular trading hours WITHIN the range of that big movement until the last 30mins of trading.
[16:26] <@wrbtrader> Mainly VTR and APAOR...I only notice the STR and AJCTR stuff if "someone" else alerts me to them.
[16:27] <@wrbtrader> I've been aggressively trading the VTR and variations of it to improve it...
[16:27] <@wrbtrader> I'm also getting better at using the 15 sec to 30 sec charts.
[16:27] <@wrbtrader> In the recent past they were "too fast" for me.
[16:27] <+MK> vtr is a offshoot of str/apaor?
[16:28] <@wrbtrader> Actually the other way around...I just never developed the VTR into something usable until last year
[16:28] <@wrbtrader> It was one of those things I had on the shelf for many years
[16:31] <@wrbtrader> I'm now noticing some guys that use VSA, Brooks, AHG methods merging it with the VTR with good results eventhough I don't use those other methods (VSA, Brooks and AHG)
[16:32] <@wrbtrader> Mainly forex currency guys
[16:33] <@wrbtrader> I've now seeing more TV commercials about Forex and bloomberg and CNBC talking more about forex currencies...
[16:33] <@wrbtrader> That's normal because the global economies are realizing they are strongly interconnected.
[16:34] <@wrbtrader> Take care all and have a good weekend and Monday holiday
[16:34] <@wrbtrader> Got some twitter guys to respond too.
[16:34] * wrbtrader is now known as wrbtrader_away
[17:34] <@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.
Session Close: Fri Oct 09 23:02:30 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
private chat rooms called
#VolatilityTradingTSL or
#SwingTradingTSL and they're not allowed to do such in #FuturesTrades.
Reminder, 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. Also, these logs may have been edited (rarely) to remove any messages that a member has complained to me via private message that they consider a particular commentary to be inappropriate, offending or too far in the off topic area that's a distraction when the commentary was posted.
Last of all, prior to December 1st 2008, archive logs of #FuturesTrades is stored at the below link.
http://www.thestrategylab.com/ArchivedPastTrades.htm Note: All logs regardless to their location at TheStrategyLab.com website are eastern standard time. Go Back To TheStrategyLab.com Homepage
