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Thanks for reading the trade and market commentary log.
Posted by M.A. Perry
Trader and Founder of
WRB Analysis (wide range body analysis)
------------------------
Session Start: Tue Dec 15 06:43:47 2009
Session Ident: #futurestrades
[06:43] * Now talking in #futurestrades
[06:43] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[07:14] <@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.
[08:35] <Nesi> US stock futures edged lower Tuesday as the Federal Reserve was due to begin deliberations on interest rate policy, with Wells Fargo in the spotlight after becoming the last of the big banks to strike a deal to repay US government assistance.
[08:37] <+Nesi> good morning all
[08:37] <pat255>
[08:37] <+Nesi> hey pat
[08:37] <+pat255> nesi
[09:17] <Forex2stay> morning
[09:20] <@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> good morning everyone
[09:29] <drt>
everyone
[09:32] <+Nesi> Long ES @ 1104.75
[09:34] <+Nesi> Exited all ES Long @ 1104.00 --> - 0.75
[09:35] <@wrbtrader> Shorts ES @ 1104.75 -> large size
[09:35] <@wrbtrader> 9 only
[09:35] <+jbuch> Long ES @ 1104.75
[09:36] <@wrbtrader> Covered all ES Short @ 1105.50 --> - 0.75
[09:36] <@wrbtrader> Shorts ES @ 1105.50 -> large size
[09:36] <@wrbtrader> 9 only
[09:36] <@wrbtrader> oh oh
[09:36] <pdays> Long TF @ 605.3
[09:36] <@wrbtrader> Covered all ES Short @ 1105.25 --> + 0.25
[09:37] <+pdays> Exited 1/2 TF Long @ 605.6 --> + 0.3
[09:37] <@wrbtrader> Long ES @ 1105.25 -> large size
[09:37] <@wrbtrader> 9 only
[09:37] <+pdays> Exited Remainder TF Long @ 605.8 --> + 0.5
[09:37] <+Nesi> Shorts ES @ 1105.00
[09:38] <+Nesi> exit stop set ES @ 1106.25
[09:38] <+jbuch> Exited all ES Long @ 1104.5 --> - 0.25
[09:39] <werner>
all
[09:39] <@wrbtrader> Exited all ES Long @ 1104.75 --> - 0.5
[09:40] <+jbuch> man this market cangive you the bad habit of grabbing tinyprofits
[09:41] <+pat255> y
[09:42] <@wrbtrader> Long ES @ 1104.75 -> large size
[09:42] <@wrbtrader> 9 only
[09:42] <+werner> Long NQ @ 1798.75
[09:43] <+jbuch> wow what a battle
[09:44] <+werner> Exited all NQ Long @ 1798.00 --> - 0.75
[09:44] <@wrbtrader> Exited all ES Long @ 1104.75 --> 0
[09:44] <@wrbtrader> Long ES @ 1104.50 -> large size
[09:44] <@wrbtrader> 9 only
[09:45] <@wrbtrader> geeeesh
[09:45] <+werner> Long NQ @ 1797.75
[09:45] <+jbuch> no shit crazy
[09:46] <@wrbtrader> I understand that there's a "market tendency" for a few trading days prior to a FOMC Announcement to be "low volatility trading range". However, there's usually at least one trend day.
[09:46] <@wrbtrader> So far, we have not seen a trend day these past few trading days leading up to Wednesday's FOMC Announcement
[09:47] <+pat255> y
[09:47] <@wrbtrader> Meant trend day or strong parabolic directional price movement
[09:47] <@wrbtrader> Haven't seen any of that.
[09:47] <@wrbtrader> EuroFX 6E and Forex EurUsd now in a low volatility trading range.
[09:48] <+pat255> oil strong
[09:49] <+werner> Exited all NQ Long @ 1798.25 --> + 0.5
[09:49] <@wrbtrader> Exited all ES Long @ 1104.75 --> + 0.25
[09:49] <@wrbtrader> Shorts ES @ 1104.00 -> large size
[09:49] <@wrbtrader> 9 only
[09:50] <@wrbtrader> Canpt ignore other key markets pushing down
[09:50] <@wrbtrader> Emini ES finally decided to catch up
[09:50] <+Nesi> exit stop set ES @ 1105.00
[09:50] <+Nesi> to breakeven
[09:51] <+Nesi> Covered all ES Short @ 1104.25 --> + 0.75
[09:52] <@wrbtrader> Covered all ES Short @ 1104.25 --> - 0.25
[09:54] * codehead_afk is now known as codehead
[09:55] <+pat255> tight R
[09:56] <+werner> Long NQ @ 1797.00
[09:57] <+jbuch> Long ES @ 1104.75
[09:59] <@wrbtrader> Long ES @ 1104.75 -> large size
[09:59] <@wrbtrader> 6 only
[09:59] <+Nesi> Shorts ES @ 1104.25
[10:00] <+jbuch> Exited all ES Long @ 1104.25 --> - 0.5
[10:00] <+werner> Exited all NQ Long @ 1796.00 --> - 1
[10:00] <@wrbtrader> Exited all ES Long @ 1104.00 --> - 0.75
[10:01] <+werner> Long NQ @ 1797.00
[10:01] <@wrbtrader> Long ES @ 1104.50 -> large size
[10:01] <@wrbtrader> 6 only
[10:01] <+jbuch> Long ES @ 1104.5
[10:04] <+jbuch> come on baby
[10:06] <+werner> pffff
[10:07] <@wrbtrader> Exited all ES Long @ 1104.75 --> + 0.25
[10:07] <@wrbtrader>
[10:08] <+werner> Exited all NQ Long @ 1797.25 --> + 0.25
[10:08] <+werner>
[10:08] <+Nesi> something has to give
[10:08] <+Nesi> sooner or later
[10:09] <+werner> Long NQ @ 1797.75
[10:09] <+jbuch> 1105.25 please
[10:09] <+jbuch> run like the wind
[10:10] <@wrbtrader> Long ES @ 1105.25 -> large size
[10:10] <@wrbtrader> 6 only
[10:10] <+Nesi> Covered all ES Short @ 1105.25 --> - 1
[10:11] <+werner> Exited all NQ Long @ 1799.25 --> + 1.5
[10:11] <+pat255> vn
[10:12] <@wrbtrader> great patience
[10:12] <+werner>
[10:14] <@wrbtrader> Exited all ES Long @ 1105.25 --> 0
[10:14] <@wrbtrader> sidelined
[10:15] <+werner>
[10:17] <+werner> go go jbuch
[10:18] <+jbuch> Exited all ES Long @ 1107 --> + 2.5
[10:18] <+Nesi> Housing Market Index at 1.00PM ET
[10:18] <+werner> vn
[10:19] <+jbuch> thanks that was brutal
[10:19] <@wrbtrader> As soon as I gave up on those Longs...it moves.
[10:19] <@wrbtrader>
[10:19] <+Nesi> Shorts ES @ 1106.75
[10:19] <+jbuch> phew
[10:20] <+jbuch> I am worn out
[10:21] <+werner> Shorts NQ @ 1804.00
[10:23] <+Nesi> back to the range... hoping
[10:23] <+werner> Covered all NQ Short @ 1803.50 --> + 0.5
[10:26] <+jbuch> Long ES @ 1107
[10:29] <+Nesi> strange action price lately
[10:30] <+Nesi> better to wait things out
[10:30] <+Nesi> exit stop set ES @ 1108.25
[10:31] <+werner> Shorts NQ @ 1804.75
[10:32] <+werner> Covered all NQ Short @ 1804.00 --> + 0.75
[10:35] <+jbuch> Exited all ES Long @ 1107 --> 0
[10:35] <+jbuch> breakfast time
[10:43] <+Nesi> Covered all ES Short @ 1108.00 --> - 1.25
[10:43] <+werner> Shorts NQ @ 1806.50
[10:47] <+werner> Covered all NQ Short @ 1807.00 --> - 0.5
[10:48] <+werner> Shorts NQ @ 1808.75
[10:51] <+werner> Covered all NQ Short @ 1809.75 --> - 1
[10:53] <+werner> Shorts NQ @ 1811.50
[10:53] <+werner> last time
[11:03] <+werner> Covered all NQ Short @ 1810.00 --> + 1.5
[11:03] <+werner> pffff
[11:06] <+pat255> vn
[11:06] <+werner> mm had a loss before
[11:23] <@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.
[12:06] <mo2t> no trade today
[12:08] <+codehead> 1806.00 was .382 on NQ, 1804.00 is .500, consolidation area
[12:09] <+codehead> ES pb low was .382 exact
[12:37] <@wrbtrader> It seems each day has been different for the EuroFX 6E...it makes it's directional movement anytime regardless to time.
[12:39] <+codehead> long NQ 1806.00 <paper>
[12:42] <+codehead> exit NQ -.50 <paper>
[12:44] <@wrbtrader> Shorts ES @ 1105.75 -> large size
[12:44] <@wrbtrader> 6 only
[12:55] <+codehead> long 1806.25 NQ <paper>
[12:57] <Tigerman> hi all
[12:57] <+codehead> hi mr woods
[12:58] <+Tigerman> Long ES @ 1105.75 «« paper »»
[13:00] <+codehead> exit NQ -.25 <paper>
[13:01] <@wrbtrader> Covered all ES Short @ 1105.50 --> + 0.25
[13:01] <@wrbtrader> That trade almost made me vomit
[13:01] <+codehead> lol
[13:01] <@wrbtrader> The dried up volatility is tough
[13:03] <+Tigerman> Exited 1/3 ES Long @ 1106 --> + 0.25 «« simulator »»
[13:04] <+Tigerman> wait for an up spike
[13:05] <+Tigerman> if not I exit for break trade
[13:05] <+Tigerman> Exited 1/3 ES Long @ 1106 --> + 0.25 «« simulator »»
[13:06] <+Tigerman> 1 remainder
[13:06] <+Tigerman> go up baby
[13:08] <+Tigerman> slow moving start loosing patience ...
[13:09] <+Tigerman> if not moving fast upper I exit
[13:10] <+Tigerman> I am on March contract wrb and other the same?
[13:10] <+Tigerman> Exited Remainder ES Long @ 1106.25 --> + 0.5 «« simulator »»
[13:10] <+codehead> yeah everyone on march
[13:10] <+Tigerman> not resisted one second more on this trade
[13:11] <+Tigerman> thanks code
[13:11] <+codehead> yw
[13:23] <+werner> Long NQ @ 1803.75
[13:28] <@wrbtrader> Shorts ES @ 1104.75 -> medium size
[13:28] <@wrbtrader> 4 only
[13:29] <@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.
[13:32] <+werner> Exited all NQ Long @ 1804.50 --> + 0.75
[13:33] <@wrbtrader> Emini ES trying to get back up into that prior key price area
[13:33] <@wrbtrader> 1107.00 - 1105.50
[13:33] <+pat255> back ...y
[13:36] <+Tigerman> Long ES @ 1104.75 «« simulator »»
[13:36] <+Tigerman> let see if this support holds
[13:38] <+Tigerman> Exited ES Long @ 1104.5 --> - 0.25 «« simulator »»
[13:38] <+Tigerman> Reverse and Enter Short ES @ 1104.5 «« simulator »»
[13:39] <+werner> Long NQ @ 1802.00
[13:39] <+Tigerman> Covered 1/3 ES Short @ 1104.5 --> 0 «« simulator »»
[13:40] <+codehead> long NQ 1802.00 <paper>
[13:41] <+werner> Exited all NQ Long @ 1802.50 --> + 0.5
[13:41] <+Tigerman> Covered 1/3 ES Short @ 1104.5 --> 0 «« simulator »»
[13:42] <@wrbtrader> Covered all ES Short @ 1104.50 --> + 0.25
[13:42] <+Tigerman> Covered Remainder ES Short @ 1104.5 --> 0 «« simulator »»
[13:43] <@wrbtrader> We're right back in the middle of that prior tight trading range we saw between 0930am - 1015am est
[13:43] <+Tigerman> Long ES @ 1104.75 «« simulator »»
[13:43] <+Tigerman> Exited 1/3 ES Long @ 1105 --> + 0.25 «« simulator »»
[13:44] <+Tigerman> Exited 1/3 ES Long @ 1105 --> + 0.25 «« simulator »»
[13:44] <+Tigerman> price try to ender previous zine
[13:45] <+Tigerman> I mean zone
[13:45] <+Tigerman> go up baby
[13:46] <+Tigerman> this was my prevoius long that refuse to give me reward
[13:47] <+Tigerman> umh lunch time price lazy..
[13:48] <+Tigerman> lost patience if not run upper I exit
[13:48] <+Tigerman> Exited Remainder ES Long @ 1105.25 --> + 0.5 «« simulator »»
[13:48] <+Tigerman> now you can go everywhere I am out
[13:50] <+codehead> exit half NQ +2.25 <paper>
[13:53] <+codehead> raise stop to b/e -1 tick <paper>
[13:54] <+werner> Shorts NQ @ 1804.50
[13:55] <+werner> Covered all NQ Short @ 1804.00 --> + 0.5
[13:59] <+Tigerman> not managed well on my previous trade,better set a stop @entry
[14:00] <+Tigerman> and wait for higher spike to get more,1 point was nice
[14:18] <@wrbtrader> Another low volatility trading range
[14:18] <@wrbtrader> the past 15mins or so
[14:21] <+Tigerman> yep agreed
[14:24] <+Tigerman> for me price is trapped between 1106-1103,and it is still a nice support
[14:30] <+codehead> exit NQ +1.00 <paper>
[14:30] <+codehead> remainder
[14:45] <+jbuch> how is it going everybody
[14:46] <@wrbtrader> It's tough again today
[14:47] <+jbuch> brutal lil range for the past hour
[14:48] <+jbuch> next year I am planning a ski trip for the week of Xmas.
[14:54] <@wrbtrader> My 6 year old and grandparents are snow boarding this weekend...his first time after 3 years of skiing on the adult slopes.
[14:55] <+jbuch> How fun
[14:55] <+jbuch> can't wait to get our kid skiing
[14:57] <+Tigerman> yeah snow boarding is fun but very different from skiing
[14:59] <+jbuch> Long ES @ 1105
[14:59] <+codehead> long NQ 1802.00 <paper> 2 pt stop
[15:01] <+Tigerman> Long ES @ 1105 «« simulator »»
[15:02] <+Tigerman> let see if price try to rise up..
[15:03] <+Tigerman> Exited 1/3 ES Long @ 1105.25 --> + 0.25 «« simulator »»
[15:03] <+codehead> exit Nq -.75 <paper>
[15:03] <+Tigerman> if support not hold I exit
[15:03] <+Tigerman> Exited 1/3 ES Long @ 1105 --> 0 «« simulator »»
[15:05] <+Tigerman> nice spike on Ym
[15:06] <+Tigerman> also action on NQ call for long or keep position
[15:07] <+Tigerman> need a little bit more buyers
[15:07] <+Tigerman> if not show up i exit
[15:08] <+Tigerman> Exited Remainder ES Long @ 1105.5 --> + 0.5 «« simulator »»
[15:09] <+Tigerman> no have patience to keep and buyers not showed up so..
[15:09] <+Tigerman> I exited and now I am more relaxed
[15:11] <@wrbtrader> Since mid November...big lesson to learn has been patience along with discipline to stick to a written trading plan.
[15:19] <+jbuch> Exited all ES Long @ 1105.25 --> + 0.25
[15:19] <+jbuch> late post had a phone call
[15:20] <@wrbtrader> Shorts ES @ 1104.50 -> medium size
[15:21] <@wrbtrader> trend line support break
[15:21] <+Tigerman> I confirm patience and discipline rulez but is not
[15:21] <@wrbtrader> 4 only and intuition
[15:21] <+Tigerman> Shorts ES @ 1104.25 «« simulator »»
[15:22] <+jbuch> nice short WRB
[15:22] <+Tigerman> yep really nice
[15:24] <+Tigerman> big volume on this spike
[15:24] <@wrbtrader> Covered all ES Short @ 1103.00 --> + 1.5
[15:24] <+Tigerman> big traders back from lunch
[15:25] <+Tigerman> nice WRB
[15:25] <@wrbtrader> On a trading day like today...we are the big traders
[15:25] <+Tigerman> Covered 1/3 ES Short @ 1103.25 --> + 1 «« simulator »»
[15:25] <+jbuch>
[15:25] <+Tigerman> Covered 1/3 ES Short @ 1103.5 --> + 0.75 «« simulator »»
[15:27] <@wrbtrader> weak support area...if it breaks...at least another point down.
[15:27] <+Tigerman> Covered Remainder ES Short @ 1103.25 --> + 1 «« simulator »»
[15:28] <+Tigerman> this last spike eat in one shot my zones
[15:31] <@wrbtrader> Shorts ES @ 1102.75 -> medium size
[15:31] <@wrbtrader> 4 only and intuition again
[15:33] <@wrbtrader> Looks like EVERYBODY is waiting for tomorrows "hyped" FOMC Announcement tomorrow...it should produce a lot of volatility when it's announced.
[15:33] <@wrbtrader> Expectation is a rate hike.
[15:34] <+jbuch> HOPEFULLY IT IS INTERESTING
[15:34] <@wrbtrader> Covered all ES Short @ 1103.00 --> - 0.25
[15:35] <@wrbtrader> I smell another tight tick range showning up...decided to dump it.
[15:35] <@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.
[15:39] <+jbuch> every move has to be tested 3 or 4 times.
[15:41] <+jbuch> I thought expectation was for the rate to remain unchanged.
[15:45] <+codehead> long Ym 10374 <paper>
[15:45] <+werner> Long NQ @ 1793.00
[15:45] <+codehead> not a good time, just testing a level there
[15:45] <@wrbtrader> Shorts ES @ 1101.25 -> large size
[15:45] <@wrbtrader> 6 only
[15:46] <@wrbtrader> key price range break
[15:46] <@wrbtrader> intution again
[15:46] <+werner> Exited all NQ Long @ 1791.75 --> - 1.25
[15:46] <+codehead> NQ first breakdown target hit
[15:46] <+codehead> 1791.50
[15:47] <+codehead> 1785.50 is second
[15:47] <@wrbtrader> too bad I got shaken out of that prior short so easily
[15:47] <+codehead> 1791.50 was 1.272 extension
[15:47] <+codehead> so first place to cover the breakdown
[15:50] <+codehead> exit YM +6 <paper>
[15:50] <@wrbtrader> Covered all ES Short @ 1102.00 --> - 0.75
[15:51] <+codehead> hm, ES low was also 1.272 breakdown target
[15:57] <+jbuch> have a good night all
[15:57] <TraderG> ba bye
[15:58] <+jbuch>
)
[15:59] <@wrbtrader> Long ES @ 1103.00 -> large size
[15:59] <@wrbtrader> 9 only
[16:03] <@wrbtrader> where were these traders all day long
[16:03] <@wrbtrader> They wait until the last 15min to put on positions
[16:04] <+Tigerman> of course try to destroy traders patience..
[16:04] <@wrbtrader> Exited all ES Long @ 1104.00 --> + 1
[16:05] <+Tigerman> nice wrb
[16:05] <+werner> gn all
[16:06] <+Tigerman> night werner
[16:06] <+werner>
[16:06] <+Tigerman> I leave here too so good night all see ya next time
[16:07] <@wrbtrader> Long ES @ 1104.00 -> medium size
[16:08] <@wrbtrader> 4 only
[16:10] <@wrbtrader> Exited all ES Long @ 1104.50 --> + 0.5
[16:11] <@wrbtrader> Gotta go...take care all and see all tomorrow on the big day because the FOMC Announcement has been hyped since mid last week...should be a popper.
[16:11] <+codehead> k, cya
[16:11] * wrbtrader is now known as wrbtrader_away
[17:31] * codehead is now known as codehead_afk
[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.
Session Close: Wed Dec 16 00:00:00 2009
-------------------------
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M.A. Perry
Trader and Founder of
WRB Analysis (wide range body analysis)
@
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