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 Post subject: January 29th Friday - Futures, ETFs and Forex Currencies
 Post Posted: Sat Jan 30, 2010 7:00 am 
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Joined: Tue Dec 16, 2008 1:02 am
Posts: 3326
Location: Canada
#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.

This is not a signal calling chat room nor is the chat room designed to be educational. #FuturesTrades is 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. Yet, you will see members providing useful trading tips that may or may not help with your trading.

Therefore, we welcome all traders with their own methods or different perspective of the markets as long as they do not violate our Terms of Use (TOU) Policy.

Thanks for reading the trades or market commentaries that's below and it's highly recommend you make reading of the logs a part of your trading routine because you will sometimes find useful trading tips not discussed anywhere else online nor in any books.

Posted by M.A. Perry
Trader and Founder of WRB Analysis (wide range body analysis)

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

Image

Session Start: Fri Jan 29 09:25:57 2010
Session Ident: #FuturesTrades
[09:25] * Now talking in #FuturesTrades
[09:25] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:28] <jbuch> goober.
[09:30] <rickf> short 6e 1.3933
[09:30] <@wrbtrader> Here's a chart of FOMC Announcement pivots I posted yesterday that's now only useful for today and Monday @ http://chart.ly/ktnrnf
[09:31] <drt> gm all
[09:31] <@wrbtrader> chart useful for those into pivots in combo with volatility contraction
[09:32] <@wrbtrader> Shorts TF @ 609.70 -> small size
[09:32] <@wrbtrader> 3 only
[09:32] <Forex2stay> buy stop to enter long EURUSD @ 1.3940
[09:33] <+rickf> exit 63 1.3924 +9
[09:33] <@wrbtrader> Covered all TF Short @ 610.50 --> - 0.8
[09:33] <+rickf> 6e
[09:33] <+rickf> dangerous trade - not part of the plan :(
[09:33] <@wrbtrader> Shorts TF @ 610.70 -> medium size
[09:34] <@wrbtrader> 3 only
[09:35] <+Forex2stay> cancelled all open stop orders
[09:35] <+jbuch> Shorts ES @ 1085.75
[09:37] <@wrbtrader> Those pending 0945am est key reports makes the first few trades tough out of the gate.
[09:37] <+jbuch> Covered all ES Short @ 1083.5 --> + 2.25
[09:37] <@wrbtrader> volatility comes out of nowhere sometimes
[09:37] <@wrbtrader> still looking for the first "volatility spike"
[09:37] <+Forex2stay> good read jb
[09:37] <TL> WRB, TYVM for chart/pivots , sometime today could you explain the logic that defines the 3 lines so we may relicate on our own?
[09:38] <+TL> replicate
[09:38] <@wrbtrader> Covered all TF Short @ 610.20 --> + 0.5
[09:38] <+jbuch> thanks forex
[09:38] <@wrbtrader> I explained it yesterday...it's straight forward...
[09:39] <@wrbtrader> Simply...wait for a FOMC Announcement...
[09:39] <@wrbtrader> After 2pm until the close...document the contracting volatility...than draw a line through the middle of the volatility contraction...
[09:40] <@wrbtrader> That's your volatility contraction pivot.
[09:40] <@wrbtrader> Use it only for 3 days
[09:42] <@wrbtrader> Also, I repeat this the "day before" ALL fomc announcements...trend days or very strong directional price movements occur within 3 days AFTER a fomc announcement.
[09:42] <@wrbtrader> Reason why the pivots are only useful for 3 days.
[09:43] <@wrbtrader> Same stuff I usually talk about leading up to a FOMC Announcement.
[09:43] <TraderG> news in 2 min
[09:43] <@wrbtrader> However, yesterday was the first time I posted a chart instead of just mentioning my pivot numbers.
[09:43] <+jbuch> big pop before it
[09:44] <@wrbtrader> Long TF @ 610.50 -> small size
[09:44] <@wrbtrader> 3 only
[09:45] <@wrbtrader> Exited all TF Long @ 610.40 --> - 0.1
[09:45] <+TraderG> pmi better than expected
[09:46] <@wrbtrader> Long TF @ 611.00 -> small size
[09:46] <@wrbtrader> 3 only
[09:46] <@wrbtrader> choppy like crazy
[09:46] <@wrbtrader> got shook out good on the prior :(
[09:46] <+TraderG> news @ 9:55
[09:47] <@wrbtrader> Exited all TF Long @ 611.20 --> + 0.2
[09:47] <@wrbtrader> :(
[09:48] <Nesi> Exited all ES Long @ 1088.00 --> + 12
[09:48] <+Nesi> held from yesterday
[09:48] <@wrbtrader> Shorts TF @ 610.30 -> medium size
[09:48] <@wrbtrader> 4 only
[09:48] <@X> #FuturesTrades Info -> No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended. More info about the chat room @ http://www.thestrategylab.com/ftchat/forum
[09:50] <+jbuch> nice Nesi.
[09:50] <+Nesi> thanks jb
[09:51] <@wrbtrader> Covered all TF Short @ 611.60 --> - 1.3
[09:51] <+rickf> nice one ... i don't hold overnight myself
[09:52] <@wrbtrader> sideline...no key levels until it gets above 613 or drops back below 611
[09:52] <@wrbtrader> :(
[09:52] <+Forex2stay> yeah i couldn't sleep if i hold overnight...if i do that with EURO i'm up all night checking it....nice job Nesi
[09:54] <@wrbtrader> volatility declining...should bring in some contraction here soon.
[09:54] <+rickf> lol i did that when i traded fx spot .... every time i got up i had to check the pos ... oh! still up 5 .... oh! up 20! ooooh, down 5 but still up!
[09:55] <+Forex2stay> lol...yep
[09:55] <+Forex2stay> i don't do that anymore
[09:55] <+Nesi> what was that
[09:56] <+Nesi> strange reaction
[09:56] <@wrbtrader> Shorts TF @ 610.80 -> medium size
[09:56] <+TraderG> UoM better than expected
[09:56] <+jbuch> uom
[09:56] <@wrbtrader> 4 only
[09:56] <@wrbtrader> still choppy
[09:56] <+jbuch> IT IS LIKE RO;;ING THE DICE HERE
[09:57] <+Forex2stay> yep same with euro
[09:57] <+Forex2stay> like a piece of paper blowing in the wind
[09:57] <+rickf> yeah ....but trending down
[09:57] <+jbuch> a whirlwind
[09:58] <+Forex2stay> a crazy cyclone whirlwind
[09:59] <+jbuch> :))
[09:59] <+Forex2stay> lol
[09:59] <+Forex2stay> euro below yesterdays lod
[09:59] <@wrbtrader> Covered all TF Short @ 612.10 --> - 1.3
[09:59] <@wrbtrader> :(
[09:59] <@wrbtrader> sideline again until it clears away from this 612 area
[10:01] <+rickf> SPX a break/close below 1085 IMHO spells doom
[10:02] <+jbuch> what a strange way to spell doom.
[10:02] <+rickf> dooooom !
[10:02] <+jbuch> I always just spell it DOOM
[10:02] <+jbuch> bull flag her
[10:02] <@wrbtrader> hammer lines forming
[10:03] <werner> $TF_F 612.90 prev weekly low maybe some res there http://chart.ly/s55h6s
[10:04] <+Forex2stay> <+jbuch> bull flag her....need to check with my wife and see if she's up for that.
[10:04] <+jbuch> Long ES @ 1087.5
[10:05] <+Forex2stay> Euro 6e pushed below yesterdays LOD again.
[10:06] <@wrbtrader> volatility contraction
[10:06] <@wrbtrader> I'm expecting a spike here soon
[10:08] <@wrbtrader> 612.50 - 611.00 new range
[10:09] <+Forex2stay> Euro might be one of these trains today there is just no place to get on
[10:10] <+jbuch> Exited all ES Long @ 1086.75 --> - 0.75
[10:10] <@wrbtrader> Shorts TF @ 610.30 -> small size
[10:10] <@wrbtrader> 3 only
[10:10] <@wrbtrader> got caught changing my order at 611 :(
[10:11] <+rickf> QOTD --
[10:11] <+rickf> "'Emerging markets' used to be associated with indebted governments, lax monetary policy, suspicion of markets, a polarized electorate and a suspect private sector....now, that description better fits the world's advanced economies." - Raghuram Rajan, finance professor at the University of Chicago.
[10:12] <@wrbtrader> Covered all TF Short @ 611.00 --> - 0.7
[10:13] <+jbuch> if we get back above the pivit will go long if we test it and regect will go short
[10:13] <@wrbtrader> Long TF @ 611.20 -> small size
[10:13] <@wrbtrader> 3 only
[10:13] <@wrbtrader> The few volatility spikes we've had...
[10:13] <@wrbtrader> All have been retraces quickly :(
[10:13] <@wrbtrader> = chop
[10:15] <@wrbtrader> Gold and Oil contracting now
[10:16] <@wrbtrader> Eurofx still in a creeper mode down wind
[10:16] <+jbuch> Long ES @ 1088.25
[10:17] <@wrbtrader> If this can break above 612.50 - it should turn into a runner for me.
[10:17] <@wrbtrader> If not, it'll retrace quickly :(
[10:17] <+Forex2stay> sell limit to enter short EURUSD @ 1.3925
[10:19] <@wrbtrader> geeesh...volatility still declining
[10:19] <+jbuch> hit my half off but no fill
[10:20] <pat255> gm jb u gotta play few cars & not 1000 lol
[10:21] <+jbuch> Exited all ES Long @ 1088.5 --> + 0.25
[10:21] <+jbuch> lol
[10:21] <+jbuch> I wish
[10:21] * codehead_afk is now known as codehead
[10:21] <+jbuch> got pick pocketed
[10:22] <@wrbtrader> My only winners of the day were "trailing stops being picked pocketed"...
[10:22] <@wrbtrader> I haven't adjusted my trail on this current trade just yet for fear of having it picked pocketed before it moves strongly
[10:23] <+pat255> vn N
[10:23] <@wrbtrader> I'm not out of the woods yet...still holding the position (anything can happen)
[10:24] <+Nesi> Shorts ES @ 1091.00
[10:24] <+jbuch> played that poorly.
[10:25] <+jbuch> BBL
[10:25] <+Nesi> Covered all ES Short @ 1091.50 --> - 0.5
[10:26] <+Forex2stay> cancelled all open limit orders
[10:26] <@wrbtrader> no key levels in the current price area...not until it gets above 616.20 unless a "new level" forms after the current price action
[10:26] <+Nesi> Long ES @ 1091.50
[10:28] <+jbuch> yeah no reason for it to stop here
[10:28] <+Nesi> Exited all ES Long @ 1092.50 --> + 1
[10:28] <@wrbtrader> Exited all TF Long @ 614.40 --> + 3.2
[10:29] <+pat255> vn
[10:29] <@wrbtrader> trail hit :(
[10:29] <@wrbtrader> crazy about that trail...
[10:30] <@wrbtrader> I didn't adjust it from 609.00 to 614.40 until it tested 615
[10:30] <@wrbtrader> as soon as I put my trail stop in...
[10:30] <@wrbtrader> It got hit 2 - 3 seconds later :(
[10:31] <@wrbtrader> sideline until it get above 616.20 or drops below 612.90
[10:32] <@wrbtrader> unless a new level develops from the current price action
[10:34] <+rickf> back later
[10:36] <@wrbtrader> overall volatility still declining
[10:36] <@wrbtrader> that implies we either haven't seen a stronger price movement or this thing is going to contract like crazy for the remainder of the trading day.
[10:37] <+jbuch> [08:04:19] <+Forex2stay> <+jbuch> bull flag her....need to check with my wife and see if she's up for that.
[10:37] <+jbuch> LOL
[10:37] <+werner> $NQ_F 1789.50 ....is res holding there??? http://chart.ly/3swpqb
[10:38] <@wrbtrader> Looks like it so far
[10:39] <@wrbtrader> NQ is doing it nicely on lower highs
[10:40] <+werner> yes indd
[10:42] <+jbuch> nice chart werner much clearer on NQ then ES.
[10:44] * codeheadX is now known as codehead
[10:44] <+werner> yep ... thnx jbuch :)
[10:45] <@wrbtrader> Shorts TF @ 612.50 -> medium size
[10:45] <@wrbtrader> 4 only
[10:47] <@wrbtrader> weak support developing
[10:47] <@wrbtrader> hopefully it doesn't attract Longs
[10:49] <@wrbtrader> Covered all TF Short @ 613.10 --> - 0.6
[10:51] <@wrbtrader> Long TF @ 613.30 -> medium size
[10:51] <@wrbtrader> 4 only
[10:51] <+jbuch> looks like the contract like crazy prediction may become reality
[10:52] <+TraderG> ????????/
[10:52] <@wrbtrader> Yeah...the price action is slowing down too :(
[10:52] <+TraderG> ok i c it now
[10:52] <@wrbtrader> Exited all TF Long @ 613.10 --> - 0.2
[10:53] <@wrbtrader> Shorts TF @ 612.80 -> medium size
[10:53] <@wrbtrader> 4 only
[10:54] <@wrbtrader> volatility now starting to flatline...will start the posiition size decrease after this trade because of that.
[10:54] <+werner> Shorts NQ @ 1775.75
[10:55] <@wrbtrader> come on...spike you booger
[10:56] <@wrbtrader> ooops...just did :)
[10:56] <pdays> Shorts TF @ 611.5
[10:56] <+pdays> Covered all TF Short @ 610.4 --> + 1.1
[10:56] <+werner> Covered all NQ Short @ 1772.00 --> + 3.75
[10:57] <@wrbtrader> Covered all TF Short @ 611.10 --> + 1.7
[10:59] <+Forex2stay> looks like that limit sell order i had would have been my trade of the day today...dang phone calls.
[11:00] <@wrbtrader> Shorts TF @ 611.50 -> small size
[11:00] <@wrbtrader> 3 only
[11:01] <+werner> es 1086.25 too hold or not??? http://chart.ly/wxfznn
[11:02] <@wrbtrader> Covered all TF Short @ 611.30 --> + 0.2
[11:04] <@wrbtrader> I see bullishness on your chart :)
[11:04] <+TL> es & tf back into the opng range & vwap's after alot of volatilty up & back dwn to here
[11:04] <@wrbtrader> Long TF @ 612.00 -> small size
[11:05] <@wrbtrader> Actually, I'm bullish on all the Eminis right now...at least for the next few ticks :)
[11:05] <@wrbtrader> They have some support from other key markets like Gold and Oil right now.
[11:07] <+werner> [17:04] <@wrbtrader> I see bullishness on your chart :)....yes indd wrbtrader
[11:07] <@wrbtrader> Exited all TF Long @ 611.30 --> - 0.7
[11:07] <@wrbtrader> there testing support now
[11:07] <+werner> yep
[11:07] <@wrbtrader> if they drop a little lower...I'll reenter my Long
[11:08] <+pat255> HL now
[11:09] <+werner> nq bad bad
[11:09] <@wrbtrader> Long TF @ 610.80 -> small size
[11:09] <@wrbtrader> 3 only
[11:09] <@wrbtrader> geeesh...what the heck was that :(
[11:10] <+werner> ??
[11:11] <+werner> 85.50 es is de open today
[11:11] <+werner> maybe sup
[11:13] <+werner> de =the ..lol
[11:13] <@wrbtrader> Exited all TF Long @ 610.90 --> + 0.1
[11:14] <@wrbtrader> price action within the shadows of hammer lines.
[11:14] <@wrbtrader> looking to Short a support break in those shadows
[11:15] <@wrbtrader> Shorts TF @ 610.20 -> small size
[11:15] <@wrbtrader> 3 only
[11:15] <@wrbtrader> 610.30 is my line in the sand
[11:17] <+werner> tf 608.60 is the open today
[11:17] <+jbuch> what a mess
[11:18] <@wrbtrader> agree
[11:20] <@wrbtrader> Covered all TF Short @ 608.90 --> + 1.3
[11:20] <+werner> es on pivot 83.5.. safe exits
[11:20] <+werner> lol
[11:20] <@wrbtrader> safe ?
[11:21] <@wrbtrader> nothing feels safe today :)
[11:21] <+werner> :)
[11:21] <@wrbtrader> feels like an "obstacle course"
[11:21] <@wrbtrader> or a "mine field"
[11:21] <+werner> lol
[11:22] <+TL> nq a complete elevator fall
[11:25] <@wrbtrader> I expected more fireworks today for the last trading day of the month.
[11:26] <@wrbtrader> However, the past 5 trading sessions had enough volatility to make me happy...just a little spoiled.
[11:26] <@wrbtrader> Wanted more today (greed)
[11:26] <@wrbtrader> so far...not getting it.
[11:26] <codehead> divergence on NQ
[11:27] <+codehead> long NQ 1760.75 <paper>
[11:27] <@wrbtrader> codehead...you using RSI or MACD ?
[11:27] <+codehead> mMACD
[11:27] <+codehead> ugly tho, NQ sucking
[11:27] <@wrbtrader> moving average of MACD ?
[11:28] <+codehead> hm, not a good signal, front ran it...
[11:28] <+codehead> still divergent tho
[11:28] <+codehead> let me check settings--it's a MACD BB i wrote
[11:29] <@wrbtrader> Shorts TF @ 608.50 -> small size
[11:29] <@wrbtrader> 1 only
[11:29] <+codehead> i think NQ has supp 1754+55...
[11:29] <+werner> prev monthly low es = 1080.50 maybe it can stay above it... we will see
[11:29] <+codehead> iirc
[11:29] <+codehead> still divergent
[11:30] <@wrbtrader> Covered TF Short @ 608.90 --> - 0.4
[11:30] <+codehead> but just trying 450T chart, not too much experience with it
[11:31] <@wrbtrader> Shorts TF @ 608.50 -> small size
[11:31] <@wrbtrader> 2 only
[11:31] <@wrbtrader> Eurofx 6E spiking down
[11:31] <+werner> prev monthly nq = 1756.75
[11:32] <@wrbtrader> intution trade in TF
[11:32] <@wrbtrader> prior trade also
[11:34] <@wrbtrader> Covered all TF Short @ 607.00 --> + 1.5
[11:35] <@wrbtrader> ooops...early exit...thought that was the GAP fill :(
[11:35] <@wrbtrader> not sure how I got my numbers mixed up
[11:36] <@wrbtrader> if TF doesn't get back above 608...I'll remaind bearish
[11:38] <+werner> nq and es try to stay above prev monthly low
[11:38] <@wrbtrader> a few of my trades today involved shorting hammer line support failures...those particular trades resulted in profits except for one.
[11:39] <@wrbtrader> got run over trading one volatility contraction pivot but did good on trading a different volatility contraction pivot
[11:40] <+TraderG> day 10 positive. I am done :))
[11:40] <@wrbtrader> :)
[11:40] <+werner> nice
[11:41] <+TraderG> thank u, thank u, thank u,
[11:43] <+werner> yw yw yw
[11:47] <+Forex2stay> just missed to many trades today with personal stuff :(
[11:51] <@X> #FuturesTrades Info -> No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended. More info about the chat room @ http://www.thestrategylab.com/ftchat/forum
[11:56] <+codehead> exit NQ +4 <paper>
[12:00] <+codehead> ES gap filled
[12:00] <@wrbtrader> Yep
[12:00] <@wrbtrader> TF biggest spike of the day after the most volatility contraction of the day
[12:02] <+codehead> boy, NQ bounce to 1765.00 was total gut-based, hit exactly and dump--lol
[12:07] <+werner> diner here ..bbl
[12:09] <+codehead> 1075-.25 ES, 1752.00 NQ... major #s
[12:12] <+codehead> NQ made it to 1753.00, get exit-short signal there, starting ot get buy signal, short term
[12:18] <+Nesi> Long ES @ 1080.00
[12:19] <+rickf> back for a bit ... 6e wow
[12:26] <+Forex2stay> USDCHF just shot up 50 pips while EURUSD didn't budge...very odd
[12:26] <+Forex2stay> something doesn't smell right
[12:27] <rdh> hey guys
[12:28] <+Forex2stay> hey rdh
[12:29] <+rdh> hey
[12:29] <+rdh> so.. what do you guys like trading in this room ?
[12:30] <+rdh> I mostly concentrate on the ES
[12:30] <+Forex2stay> quite a few ES trades in here
[12:30] <+rdh> thats good.. I guess I found the right room
[12:30] <+Forex2stay> ;)
[12:31] <+rdh> so.. do you guys post your trades ?
[12:31] <+rickf> 6e at the moment
[12:31] <+jbuch> a few of us
[12:31] <+Forex2stay> yes quite a few do
[12:31] <+rdh> nice..
[12:31] <+rickf> es and tf traders in here
[12:32] <+jbuch> pork belly futures here
[12:32] <+rdh> thats a nice combo
[12:32] <+rdh> there were some great moves last night on the ES
[12:33] <@wrbtrader> Shorts TF @ 606.70 -> small size
[12:33] <@wrbtrader> 2 only
[12:35] <+pat255> L 607.7
[12:35] <+pat255> 606
[12:36] <@wrbtrader> Covered all TF Short @ 607.70 --> - 1
[12:36] <@wrbtrader> :(
[12:36] <@wrbtrader> ran over by the volatility spike
[12:38] <+pat255> out here ///
[12:39] <+pat255> later guys meeting
[12:39] <+pat255> ty all
[12:39] <+jbuch> nice bub
[12:39] <@wrbtrader> Long TF @ 607.70 -> small size
[12:39] <+jbuch> cya
[12:39] <@wrbtrader> 2 only
[12:40] <+Forex2stay> later pat
[12:41] <@wrbtrader> Exited all TF Long @ 607.00 --> - 0.7
[12:41] <@wrbtrader> right back where I started
[12:42] <@wrbtrader> Shorts TF @ 606.90 -> medium size
[12:42] <@wrbtrader> 4 only
[12:42] <@wrbtrader> volatility slowly rising
[12:42] <@wrbtrader> lets see if I got the position size timed with the slowly rising volatility
[12:45] <@wrbtrader> support developing :(
[12:45] <@wrbtrader> weak so far
[12:45] <+codehead> long ES 1081.00 <paper> stop 1079.75
[12:45] <+rdh> what time frame are you trading ?
[12:50] <+jbuch> Long ES @ 1081.5
[12:50] <@wrbtrader> Covered all TF Short @ 607.40 --> - 0.5
[12:50] <@wrbtrader> rdh...you talking to codehead or me ?
[12:51] <OICU812> Good evening to all
[12:51] <@wrbtrader> Long TF @ 608.80 -> medium size
[12:51] <@wrbtrader> 4 only
[12:52] <+codehead> 1084 target
[12:52] <@wrbtrader> I think codehead is on the 450T chart...I'm on the 1min, 2min, 3min and 5min chart on my monitors
[12:53] <@wrbtrader> started the day with 20sec charts up too but was getting hit too hard on that.
[12:53] <+rdh> 450 T.. is that bar chart ?
[12:53] <+codehead> that was on NQ
[12:53] <+jbuch> dido on that code
[12:53] <+codehead> on ES, been looking at 1350T--just starting with tick charts here
[12:54] <+rdh> oh right..thats tick chart.. thanks
[12:54] <+codehead> i was on phone when i put in that paper trade, stop was not good, but coming to target
[12:54] <+jbuch> Exited 1/2 ES Long @ 1083.75 --> + 2.25
[12:54] <@wrbtrader> nice
[12:54] <+codehead> tapped the target, so hit
[12:55] <+Forex2stay> nice read jb
[12:55] <+codehead> starting to figure out some things that work
[12:55] <+Forex2stay> shhh...don't tell the market code
[12:55] <@wrbtrader> codehead...why the change to tick charts...new strategy ?
[12:55] <+codehead> :-x
[12:56] <+rickf> nice jb
[12:56] <+codehead> finding it reveals the turns better, works well with the entry signals i've been looking at
[12:57] <+Nesi> Exited all ES Long @ 1083.25 --> + 3.25
[12:57] <+jbuch> thanks
[12:57] <+codehead> i really really like this MACD BB indicator, for one thing (MACD with bollinger bands, plus some display enhancements)
[12:59] <+codehead> an earlier screen shot of it:
[12:59] <+codehead> http://gallery.me.com/codehead#100062
[12:59] <+jbuch> exit stop set ES @ 1081.75
[13:00] <+jbuch> might get interesting if we get above 84
[13:00] <+codehead> strategy is still fibs and symmetry, but added indicators to tell me when they are going to hold, when they aren't
[13:01] <+jbuch> tick and vol don't look so good though
[13:01] <+OICU812> i have a cycle down too jb
[13:01] <@wrbtrader> Exited all TF Long @ 608.30 --> - 0.5
[13:01] <+OICU812> not sure if it will materialize but its starting to show
[13:02] <+OICU812> im long so hopefully it wont materialize
[13:02] <@wrbtrader> geeesh...getting ticks taken away too easy now :(
[13:03] <+jbuch> these bear reversal points are stong.
[13:03] <+jbuch> Exited all ES Long @ 1081.75 --> + 0.25
[13:03] <@wrbtrader> retracements of the spikes have been killers today.
[13:04] <+jbuch> pick pocketed again.
[13:04] <@wrbtrader> The biggest spike of the day has now been retraced.
[13:04] <+jbuch> having great swings the last week but I can't catch them
[13:05] <+OICU812> longer time frames jb?
[13:06] <@wrbtrader> I've been losing or gaining 2 - 3 ticks on the entries today...that's nothing but chop
[13:06] <@wrbtrader> :(
[13:07] <@wrbtrader> Long TF @ 609.00 -> medium size
[13:07] <+rickf> will enter a longer-term short 6e position around 1.431 if it/when it retraces
[13:07] <+Forex2stay> well played jb
[13:07] <@wrbtrader> 4 only
[13:08] <+rickf> prolly via fx options sincei dont like keeping futures o/n :)
[13:09] <@wrbtrader> Exited all TF Long @ 608.80 --> - 0.2
[13:09] <@wrbtrader> It's been almost impossible to do any "position reversals" today.
[13:10] <@wrbtrader> to darn fast before the stop outs
[13:10] <+rdh> is there a really good trader in here ?
[13:10] <+rickf> short 6e 1.3888
[13:11] <@wrbtrader> Yeah...some have their performance record posted online.
[13:11] <@wrbtrader> Just ask for links...some even show their statements :)
[13:11] <+rdh> wow..
[13:12] <@wrbtrader> Shorts TF @ 608.30 -> medium size
[13:12] <@wrbtrader> 4 only
[13:13] <@wrbtrader> TF not too far from it's opening regualar session price and it's mid-day trading.
[13:13] <@wrbtrader> I have 608.60 for the open of TF
[13:15] <@wrbtrader> 607.40 - 606.70 is a support area
[13:16] <+rickf> exit 6e 1.3883 +5
[13:16] <+rickf> still looking lower
[13:16] <@wrbtrader> Covered all TF Short @ 608.00 --> + 0.3
[13:17] <@wrbtrader> rickf...I'm bearish on 6E as long as it stays below 1.39
[13:17] <+rickf> i am bearish on the 6e for the foreseeable future ... weeks months
[13:17] <@wrbtrader> same here
[13:17] <+rickf> but definately for the intraday below 1.39
[13:18] <+rickf> figure if we get a bounce up on the 6e i will open a short options spread and let it sit there ... less margin and it's covered. :)
[13:18] <+rickf> cuz europe is a DISASTER
[13:18] <@wrbtrader> It's helped my UsdCdn exchange a lot lately in hedging how I spend the U.S. dollar here.
[13:19] <+Forex2stay> wouldn't be surprised if 6e test econ release area..bulls have been stepping in for the last hour
[13:19] <+rickf> lol really wrbtrader
[13:20] <+rickf> shoudl have held that short i think
[13:20] <+Forex2stay> course if bears step back in at 1.3900 area all bets are off
[13:20] <+rickf> yep
[13:21] <@wrbtrader> Yeah...made a nice swicht from 1.0250 to 1.0650
[13:21] <+OICU812> cycle down done with, lets see if it keeps going up
[13:22] <@wrbtrader> TF still stuck in that 1.6 range
[13:22] <@wrbtrader> its trying hard now to get above it
[13:22] <@wrbtrader> it's going to need some help from other key markets
[13:22] <+codehead> touch of 1084.75 should indicate long on pb, 1086, 1088 next
[13:24] <@wrbtrader> Hope you guys exploited all that volatility the past 5 days...
[13:24] <@wrbtrader> Today is a sharp reminder...it won't last forever :)
[13:24] <+jbuch> if it gets below 83 again and then gets back above it will go long
[13:25] <+rickf> to steal from the carthigian slave who whispered into caesar's ear during victory parades -- "all volatility is fleeting....."
[13:26] <@wrbtrader> Gotta give credit where it's due...
[13:26] <+rickf> yyp
[13:26] <@wrbtrader> It is the mid-day deaddrums...
[13:26] <@wrbtrader> Can't expect the money tree to work right now.
[13:26] <@wrbtrader> Hopefully thinks will liven up a bit after 3pm est
[13:27] <+rickf> yeah ... and i'll miss it, gotta run some errands in a few mins. :(
[13:27] <+rickf> stupid real life lol
[13:27] <@wrbtrader> Usually I'm on a 2 hour break right now.
[13:28] <+rickf> i find the 11-1330 window works for me, but i'm running a bit late this week on some stuff
[13:29] <@wrbtrader> If today continues to contract in volatility...I'm pulling back on trading on Monday (will not trade after 11am est).
[13:31] <+rickf> ok back in a bit
[13:32] <@wrbtrader> 608.30 is the most recent "volatility contraction pivot".
[13:33] * Looking up rdh user info...
[13:33] <MK> Shorts ES @ 1086.25 «« simulator »»
[13:34] <@wrbtrader> Shorts TF @ 607.90 -> small size
[13:34] <@wrbtrader> 3 only
[13:34] <+MK> Shorts ES @ 1088.75 -> Add «« simulator »»
[13:34] <+MK> Shorts ES @ 1090 -> Add «« simulator »»
[13:34] <+MK> Shorts ES @ 1092.50 -> Add «« simulator »»
[13:37] <@wrbtrader> Covered all TF Short @ 608.60 --> - 0.7
[13:37] <@wrbtrader> still giving back points :(
[13:37] <+rdh> feels like a squeeze
[13:38] <@wrbtrader> Yeah...it'll squeeze good if it gets above 609.20
[13:38] <@wrbtrader> that was my original stop until I tighten ship a little
[13:39] <@wrbtrader> Shorts TF @ 607.90 -> small size
[13:39] <@wrbtrader> 3 only
[13:39] <@wrbtrader> same trade as prior
[13:41] <+werner> back
[13:42] <@wrbtrader> what's up with Oil and Gold...they just spiked downward ?
[13:42] <+werner> Shorts NQ @ 1753.00
[13:42] <@wrbtrader> hope it continues :)
[13:42] <+codehead> NQ should be long 1752--see if it holds
[13:42] <+codehead> nQ really sucking tho
[13:42] <+rdh> guess I was wrong
[13:43] <+codehead> no buy signal, just a level there
[13:43] <+codehead> tick extreme
[13:43] <@wrbtrader> NQ has been the weaker puppy all day
[13:46] <+codehead> full moon baby
[13:46] <+codehead> long NQ 1751.25 <paper>
[13:46] <+codehead> 2 pt stop, no buy signal
[13:47] <+codehead> but sell is waffling
[13:47] <@wrbtrader> tighten ship...contraction showing up again :(
[13:48] <+codehead> 1744 next
[13:49] <+werner> Covered all NQ Short @ 1749.00 --> + 4
[13:49] <+codehead> stopped -2 NQ
[13:49] <+codehead> <paper>
[13:49] <@wrbtrader> Covered all TF Short @ 605.60 --> + 2.3
[13:50] <@wrbtrader> that gets be back to square one for trades in the "mid-day crap".
[13:50] <@wrbtrader> Still not worth blowing off my 2 hr break to trade this stuff.
[13:50] <+codehead> long NQ 1748.50 <paper>
[13:51] <+jbuch> did a couple shorts there but but moved to fast to post
[13:51] <+werner> nice :)
[13:52] <+jbuch> felt like it could explode up just as easy as it was poping down
[13:53] <+jbuch> tried a long at 83 and reversed it made a couple of ticks got back in at 79.5 and out at 78.25
[13:54] <+jbuch> ech trade about 2 min my favorite kind
[13:55] <@wrbtrader> chop just showed up
[13:56] <@wrbtrader> knocking at that door on the intraday lows
[13:56] <+codehead> exit NQ +2.00 <paper>
[13:57] <@wrbtrader> Shorts TF @ 605.50 -> small size
[13:57] <@wrbtrader> 2 only
[13:57] <+jbuch> yeah this area is heavily contested
[13:57] <@wrbtrader> yep
[13:57] <@wrbtrader> reason why I dropped my size
[13:57] <@X> #FuturesTrades Info -> No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended. More info about the chat room @ http://www.thestrategylab.com/ftchat/forum
[13:58] <@wrbtrader> oh oh
[13:58] <@wrbtrader> Covered all TF Short @ 605.40 --> + 0.1
[13:59] <@wrbtrader> saw it bouncing off the hammer low
[14:00] <+werner> http://chart.ly/52vbk5 $NQ_F at 5 ma monthly here
[14:00] <@wrbtrader> Long TF @ 606.00 -> small size
[14:00] <@wrbtrader> 1 only
[14:01] <@wrbtrader> werner...how long does it take for you to prepare a chart and than post it to chart.ly ?
[14:01] <+werner> 1 min
[14:02] <@wrbtrader> ok...than I'm the slow one...about 3 mins for me :(
[14:02] <+werner> :(
[14:04] <+codehead> MACD sitll divergent here, price beign sat on
[14:04] <@wrbtrader> weak support developing
[14:05] <@wrbtrader> Exited TF Long @ 606.10 --> + 0.1
[14:05] <@wrbtrader> geeesh :(
[14:06] <@wrbtrader> that wasn't a trail stop hit...I just got tired of it and didn't like how that support was developing.
[14:06] <@wrbtrader> Didn't get any help from other key markets too :(
[14:07] <+MK> Covered all ES Short @ 1079.50 --> + 19.75 «« simulator »»
[14:07] <@wrbtrader> It gets to 606.40 and than gets "yanked" back down to 606.10 on a few ticks :(
[14:08] <@wrbtrader> nice
[14:08] <@wrbtrader> MK - you're going to do a swing today for holding over the weekend ???
[14:09] <@wrbtrader> Shorts TF @ 605.00 -> small size
[14:09] <@wrbtrader> 2 only
[14:09] <+MK> maybe long
[14:09] <@wrbtrader> support level broke...lets see if it stays that way
[14:10] <@wrbtrader> chop again at another key s/r zone
[14:10] <@wrbtrader> I guess everybody is following the same levels and fighting over ticks at these levels
[14:11] <+jbuch> lots of vol kicking ther
[14:11] <+codehead> divergence on MACD NQ
[14:11] <@wrbtrader> Covered all TF Short @ 605.50 --> - 0.5
[14:11] <+codehead> lower low, barely dipped MACD
[14:11] <+werner> wrbtrader do you use stocktwits desktop?
[14:12] <@wrbtrader> I've downloaded it but have not installed it
[14:13] <+werner> ok so you post in twitter?
[14:13] <@wrbtrader> No...too noisy for me to post directly through twitter.
[14:14] <@wrbtrader> Currently I use either tweetdeck or a special IRC script (script is something I've designed)
[14:14] <@wrbtrader> Simply, I can send messages to the futures feed on twitter through IRC
[14:14] <@wrbtrader> Or vice versa
[14:14] <+werner> yes i have used tweetdeck also
[14:15] <+werner> ok
[14:16] <@wrbtrader> Shorts TF @ 606.40 -> small size
[14:16] <@wrbtrader> 2 only
[14:16] <+werner> in stocktwits you can enable twitter and it is linkt at chartly
[14:16] <@wrbtrader> intuition trade
[14:17] <+werner> brb
[14:19] <+jbuch> powered off that double bot there
[14:21] <@wrbtrader> Yeah and I'm looking for a triple bot to cover at
[14:21] <@wrbtrader> tighten trail
[14:21] <@wrbtrader> lets see what happens
[14:23] <@wrbtrader> Covered all TF Short @ 604.90 --> + 1.5
[14:23] <+werner> nice
[14:23] <@wrbtrader> not really...just normal trading for me during the mid-day crap...
[14:23] <@wrbtrader> More losses than winners but the winners
[14:24] <@wrbtrader> "tend" to be bigger than the losses.
[14:24] <+werner> ok
[14:24] <@wrbtrader> That's what matters the most to me...I'm not a believer in win:loss ratios
[14:24] <@wrbtrader> Just try to keep my losers small and try to catch a few runners
[14:25] <+werner> i know :)
[14:26] <@wrbtrader> Also, I haven't reached my profit goal for the day...
[14:26] <+codehead> NQ got within 6 ticks of .618 on daily
[14:26] <+codehead> looks like a buy
[14:26] <@wrbtrader> Most likely can't make a run at it until after 3pm est
[14:35] <+codehead> 1742 previous lod NQ
[14:36] <+codehead> could bounce that
[14:36] <+codehead> 1742.50 seen
[14:39] <+codehead> long NQ 1742.00 <paper>
[14:40] <@wrbtrader> TF choppy again off another support level
[14:43] <@wrbtrader> Eurofx 6E ($6E_F) looks like it wants to take a dive at a new intraday low
[14:43] <+codehead> exit half NQ +2.00 <paper>
[14:46] <@wrbtrader> Shorts TF @ 604.20 -> small size
[14:46] <@wrbtrader> 2 only
[14:46] <@wrbtrader> intuition trade
[14:46] <@wrbtrader> only have a key zone but no trading plan signal
[14:46] <+rickf> back
[14:47] <+werner> 1074.25 es maybe a littel sup
[14:47] <+codehead> 1074.00 is start of gap, with close at 1066.25
[14:48] <+werner> yesterdays lod
[14:48] <@wrbtrader> NQ has had a trend day (down)
[14:49] <+werner> yep
[14:49] <+TraderG> LOY
[14:49] <@wrbtrader> Covered all TF Short @ 602.60 --> + 1.6
[14:49] <+TraderG> sorry werner didn't c your post
[14:50] <+werner> np :)
[14:50] <+werner> goody wrbtrader
[14:52] <+werner> and
[14:52] <+TraderG> we r less than 7% under the high of the year in SPY
[14:54] <+TraderG> 7-8% is considered by the mavins a NORMAL correction.
[14:54] <+TraderG> now if they would know what they are talking about they would not talk
[14:54] <+werner> Long NQ @ 1735.00
[14:55] <@wrbtrader> This NORMAL correction is a lot different than the other corrections the past 2 years...
[14:55] <@wrbtrader> It's got support from other key markets.
[14:55] <+TraderG> support in the way of pushing down?
[14:55] <@wrbtrader> Most of the other NORMAL corrections didn't have support to continue downward further.
[14:55] <@wrbtrader> Yes
[14:55] <+TraderG> i don't c it but u may be right
[14:57] <+TraderG> isn't a correction all across the board?
[14:57] <@wrbtrader> Not always.
[14:57] <+TraderG> or u mean that other instruments (not just inxes) are participating?
[14:57] <@wrbtrader> Its when they are in sync when things get interesting
[14:57] <+TraderG> inxes=indexes
[14:57] <@wrbtrader> Yes
[14:58] <+TraderG> like commodities and such?
[14:58] <@wrbtrader> Europe, Oil, Gold, Euro, Hang Seng...all the big markets
[14:59] <+werner> Exited all NQ Long @ 1737..00 --> + 1737..00 - 1735.00
[14:59] <+TraderG> the economies of the world are linked wether we like it or not
[14:59] <@wrbtrader> Yep
[14:59] <+TraderG> whether
[14:59] <+werner> Exited all NQ Long @ 1737.00 --> + 2
[15:00] <+TraderG> so a correction across the board should not be that unusual this time around
[15:00] <@wrbtrader> That's why "intermarket analysis" and/or "global economics" had become big topics the past 10 years
[15:00] <+TraderG> maybe historically it is but.....
[15:00] <+OICU812> in my case i follow only one market and only one chart
[15:01] <+codehead> ES bounce off daily .618 a bit
[15:02] <@wrbtrader> I follow A LOT of different markets eventhough I only trade one trading instrument
[15:02] <@wrbtrader> I think it's the main reason why I have not had a losing trading months in many many years
[15:02] <+TraderG> it is important to look at the big picture
[15:03] <+TraderG> your vision could be skewed if you look at only 1 instrument
[15:03] <+TraderG> but what do I know. I only paper trade ;-)
[15:03] <+codehead> timing is for reversal between now and monday, and it doesnt' look like we'll get much "now"
[15:03] <@wrbtrader> It was for me when I had "tunnel vision" (saw only my trading instrument)...trading was not consistent
[15:04] <@wrbtrader> Long TF @ 602.40 -> small size
[15:04] <@wrbtrader> 2 only
[15:04] <+OICU812> everything works some of the time
[15:05] <+OICU812> in my case, the less stuff i have to worry the better i do
[15:05] <@wrbtrader> Ain't that the truth :)
[15:05] <+OICU812> but there is 1000 ways to skin this cat
[15:05] <+OICU812> just find what works for you and your personality
[15:05] <+OICU812> some cant swing, some cant scalp.
[15:05] <+OICU812> just different :)
[15:06] <@wrbtrader> Exited all TF Long @ 602.60 --> + 0.2
[15:07] <@wrbtrader> need to take another break...feeling that red eyes pain again :(
[15:07] <@wrbtrader> be back later after I rest my eyes
[15:07] * wrbtrader is now known as wrbtrader_away
[15:09] <+werner> take a eyes douche...must do that here sometimes also
[15:10] <+jbuch> had an order to go short at 74.75
[15:10] <+jbuch> can't catch this thing
[15:11] <+jbuch> hit the dang thing about 10 times
[15:12] <+werner> grrr :(
[15:13] <+werner> ... brb go take a whisky its 9.13 pm here
[15:14] <+TraderG> where r u werner?
[15:14] <+codehead> germany?
[15:14] <+codehead> need to check time zones...
[15:14] <+codehead> gmt+1 sounds like
[15:15] <+TraderG> by the name u r right codehead
[15:15] <+TraderG> and the time
[15:15] <+TraderG> but could b Austia
[15:15] <+TraderG> Austria
[15:16] <+codehead> belgrade budapest copenhagen...
[15:16] <+codehead> lol
[15:17] <+werner> back
[15:17] <+jbuch> were are u at again werner.
[15:17] <+TraderG> I know. werner is from the UN
[15:17] <+werner> in holland near germany :)
[15:17] <+codehead> ES might be tryign to put in the gap fill
[15:17] <+codehead> ic
[15:18] <+werner> nederland
[15:18] <OICU813> i wish all year was like this
[15:18] <+TraderG> :))))))))))))))))))))
[15:18] <+werner> amsterdam
[15:18] <+TraderG> Never been there
[15:19] <+werner> it never too late :)
[15:19] <+TraderG> maybe this room will have a meetup in Amsterdam
[15:19] <+werner> wow
[15:19] <+werner> nice
[15:19] <+TraderG> in a hotel. don't worry werner
[15:20] <+werner> lol
[15:20] <+TraderG> but u will have 2 give us a guided tour u know were ;-)))
[15:20] <+OICU813> i would vote for the caribbean :)
[15:20] <+jbuch> Lol
[15:21] <+werner> i give you a tour :)))
[15:21] <+OICU813> or las vegas
[15:21] <+TraderG> thanks
[15:21] <+TraderG> aren't we there every day?
[15:21] <+werner> lol
[15:21] <+jbuch> no shit
[15:22] <+codehead> lol
[15:22] <+OICU813> lol
[15:22] <+OICU813> i dont see any girls here!!!!
[15:22] <+TraderG> :)))) i was thinking that that is the only difference
[15:22] <+OICU813> no sin if there are no girls
[15:23] <+werner> is here someone been to hotel atlantis at the bahamas
[15:23] <+OICU813> that would be fun werner
[15:23] <+OICU813> havent been there though
[15:24] <+jbuch> I have been there good times
[15:25] <+OICU813> nice place jb?
[15:26] <+werner> i am thinking too go there next year when i am 25 year married
[15:28] <+werner> jb ?
[15:28] <+werner> is it good there
[15:29] <+jbuch> sorry just visited it had dinner there and gambeled for a night. My brotherin law lives in a boat in the bahamas
[15:29] <+jbuch> beautiful place
[15:29] <+TraderG> good tax shelter
[15:30] <+werner> ok :)
[15:30] <+TraderG> it's a deal then JB
[15:30] <+jbuch> lets do it
[15:31] <+jbuch> would be nice to see the people that I talk to everyday.
[15:31] * wrbtrader_away is now known as wrbtrader
[15:31] <+jbuch> LOL.
[15:32] <+TraderG> what JB? it's good old stuff........
[15:32] <+TraderG> with Ian Gillian from Deep Purple
[15:32] <+jbuch> :))
[15:33] <+jbuch> old being the key word there.
[15:33] <+TraderG> hahahahahaha
[15:33] <+TraderG> ju r smart AND funny
[15:33] <+werner> i have some meetings with some belgems traders every year and its a lot a fun every year....
[15:34] <+jbuch> all the new guys have to pay right.
[15:34] <+rickf> ES heading towardds new lows
[15:34] <+TraderG> :))
[15:34] <+rickf> poised for more down action
[15:34] <+TraderG> I thought that old ones will show some good will and pay 4 the new ones
[15:35] <@wrbtrader> I have no key levels down in this hole :)
[15:35] <+werner> old ones??
[15:35] <@wrbtrader> None...it's too low.
[15:35] <+TraderG> older sorry :)
[15:35] <@wrbtrader> Gotta wait for a new one to develop
[15:35] <+TraderG> experienced
[15:35] <+TraderG> how is that ?
[15:35] <+werner> lol
[15:35] <+jbuch> yes everyone before me sounds good
[15:36] <@wrbtrader> one just developed...that was quick :)
[15:36] <@wrbtrader> Long TF @ 600.10 -> small size
[15:36] <@wrbtrader> 2only
[15:37] <+jbuch> poked above the down trendline
[15:37] <+OICU813> down cycle coming
[15:38] <+rickf> yup
[15:38] <@wrbtrader> Exited all TF Long @ 600.30 --> + 0.2
[15:39] <@wrbtrader> grrrrh :(
[15:39] <+jbuch> if a down cycle is coming what have we been in
[15:39] <+OICU813> short term down cycle
[15:40] <@wrbtrader> got shook out too easy
[15:40] <+OICU813> im long
[15:40] <+OICU813> down cycle failure
[15:40] <@wrbtrader> Long TF @ 601.30 -> medium size
[15:40] <@wrbtrader> 3 only
[15:40] <@wrbtrader> same target of 602
[15:42] <@wrbtrader> Exited all TF Long @ 600.50 --> - 0.8
[15:43] <@wrbtrader> bearish signal...will see if I can fade it first
[15:44] <@wrbtrader> Long TF @ 601.10 -> small size
[15:44] <@wrbtrader> 3 only
[15:44] <@wrbtrader> same target as prior trades
[15:46] <@wrbtrader> Exited all TF Long @ 601.20 --> + 0.1
[15:46] <@wrbtrader> punks :)
[15:47] <+werner> es here too yesterdays lod
[15:48] <+werner> :(
[15:48] <@wrbtrader> Shorts TF @ 600.70 -> small size
[15:48] <@wrbtrader> 3 only
[15:49] <@wrbtrader> That's the bearish signal price I ignored before the Longs
[15:50] <@wrbtrader> 4pm est rush hour traffic approaching
[15:50] <@wrbtrader> lately it's been a bust :(
[15:51] <+OICU813> need this upcycle to break 74 to be able to stay long
[15:51] <@wrbtrader> Covered all TF Short @ 601.20 --> - 0.5
[15:52] <+TraderG> [15:34:31] <rickf> poised for more down action
[15:52] <+TraderG> when?
[15:52] <+rickf> i dunno
[15:52] * +rickf thought we would break the LOD
[15:53] <@wrbtrader> Long TF @ 601.30 -> medium size
[15:53] <chart`> the whole of next week
[15:53] <@wrbtrader> 4 only
[15:53] <+werner> Long NQ @ 1743.50
[15:53] <+TraderG> i think I will use you as a contrarian indicator from now on rickf
[15:53] <+TraderG> :)
[15:53] <+rickf> ES not my strong trade :)
[15:54] <+TraderG> apparently not
[15:54] <+TraderG> just kidding
[15:54] <+rickf> lol
[15:54] <+OICU813> long looking good
[15:54] <@wrbtrader> need 602.20 to make it worthwhile over the past few trades
[15:55] <@wrbtrader> trail stop tighten
[15:55] <+OICU813> scaled 73.5
[15:56] <+TraderG> gold has been creeping up since 3PM EST
[15:56] <@wrbtrader> Exited all TF Long @ 601.30 --> 0
[15:58] <@wrbtrader> Shorts TF @ 600.80 -> small size
[15:58] <@wrbtrader> 3 only
[15:58] <+TraderG> JB you and I should be analysts
[15:59] <+OICU813> im out, flat and done for the week
[15:59] <+TraderG> or anal-ists
[15:59] <+jbuch> alright game over missed that whole down move
[16:00] <+jbuch> it was beauty
[16:00] <+OICU813> could not resist it, one last short
[16:00] <@X> #FuturesTrades Info -> No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended. More info about the chat room @ http://www.thestrategylab.com/ftchat/forum
[16:02] <+werner> Exited all NQ Long @ 1738.50 --> - 5
[16:05] <@wrbtrader> Covered all TF Short @ 598.80 --> + 2
[16:05] <+werner> goody
[16:05] <+werner> have a nice wk all
[16:05] <@wrbtrader> Yeah...it's always a fight for the trades in the last 30 mins of the trading day.
[16:05] <+OICU813> you too
[16:05] <@wrbtrader> Usually come out on top.
[16:06] <+TraderG> have a good weekend
[16:06] <+jbuch> take care all
[16:07] <@wrbtrader> I'm glad volatility showed up because I was getting a little impatient the rush hour traffic of 4pm est would be a big boring close.
[16:10] <+rickf> ok guys have a good w/e
[16:10] <+rickf> see you on monday
[16:11] <+codehead> within a tick of gap fill...
[16:11] <+codehead> on ES
[16:14] <+OICU813> all done now
[16:14] <+OICU813> have a good weekend all
[16:20] <@wrbtrader> Volatility picked up in the late p.m. trading session.
[16:21] <@wrbtrader> Will trade normal on Monday unless I smell something funny early out of the gate.
[16:22] <@wrbtrader> I got a pm about where are the "archived logs" stored at...
[16:22] <@wrbtrader> It's @ http://www.thestrategylab.com/ftchat/forum/
[16:22] <@wrbtrader> In the thread called "#FuturesTrades Daily Text Log".
[16:22] <@wrbtrader> First thread at the top
[16:29] <+TL> WRB, i'm looking @ your volatility contraction chart, are the 3 lines representing the contraction areas of each of the 3 legs (1 up 2dwn, & 3 up /hod)?
[16:30] <+TL> following the fomc anncmnt?
[16:30] <@wrbtrader> The lines represent the pivot or mid-point between the volatility contraction
[16:31] <@wrbtrader> Yes to your question
[16:31] <+TL> 3 lines - 3 contraction areas
[16:31] <@wrbtrader> Yes
[16:32] <+TL> Thank You 7 you use them as point of refernce in the following 3 days for 'potential' reaction areas?
[16:32] <+TL> 7=&
[16:32] <@wrbtrader> Yes...basically I look for trade signals (Long or Short) at those pivot lines.
[16:33] <+TL> TY
[16:34] <@wrbtrader> I'm more of a zone user than pivot point user.
[16:34] <@wrbtrader> I posted that chart because someone wanted to see the pivots instead of the zones.
[16:36] <+TL> Yes i understand - areas of 'interest" for potential trade setups/signals, i'm writing notes in journal & will add as rays to watch reaction after the events.
[16:37] <@wrbtrader> I usually get 2 out of 3 trading days that have a few good "price reactions" to those pivots.
[16:37] <@wrbtrader> Overall I have success with them.
[16:37] <+TL> makes sense becasue alot of volume will exchange in those areas
[16:40] <+TL> have a good w/e i'm off
[17:07] <@wrbtrader> My performance record @ http://www.thestrategylab.com/tsl/forum ... m.php?f=10
[17:07] <@wrbtrader> I'll have it updated tonight after dinner
[17:08] <@wrbtrader> Take care all and have a nice weekend.
[17:08] * wrbtrader is now known as wrbtrader_away
Session Close: Fri Jan 29 17:18:25 2010

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

#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=5

The 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.

Note: All logs regardless to their location at TheStrategyLab.com website are eastern standard time.

Best Regards,
M.A. Perry
Trader and Founder of WRB Analysis (wide range body analysis)
Image@ http://twitter.com/wrbtrader

Phone: +1 708 572-4885
Business Hours: 8am - 5pm est (Mon - Fri)
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