#FuturesTrades is
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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
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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)
------------------------
Session Start: Tue Jan 26 09:29:58 2010
Session Ident: #FuturesTrades
[09:29] * Now talking in #FuturesTrades
[09:29] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:31] <@wrbtrader> no fill...b.s.
[09:31] <@wrbtrader>
[09:32] <+Nesi> Long ES @ 1087.00
[09:33] <@wrbtrader> Shorts TF @ 610.50 -> large size
[09:33] <@wrbtrader> 6 only
[09:33] <@wrbtrader> punks
[09:33] <+Nesi> Exited all ES Long @ 1086.00 --> - 1
[09:33] <@wrbtrader> Covered all TF Short @ 610.30 --> + 0.2
[09:34] <+Nesi> Long ES @ 1087.00
[09:34] <@wrbtrader> Had an order at 613.20 when the price was 613.70
[09:34] <@wrbtrader> went right through without a fill
[09:35] <jbuch> man that sucks
[09:36] <+jbuch> reminds me of spy
[09:36] <+Nesi> Exited all ES Long @ 1089.00 --> + 2
[09:36] <pat255> vn N
[09:38] <@wrbtrader> Long TF @ 612.90 -> medium size
[09:38] <@wrbtrader> 4 only
[09:39] <@wrbtrader> geeesh...I was at a 4 tick loss upon entry into that Long
[09:41] <@wrbtrader> if it rolls over southward...it's move fast
[09:41] <@wrbtrader> Exited all TF Long @ 612.30 --> - 0.6
[09:42] <+jbuch> confirmation vote today that will be a big deal
[09:42] <@wrbtrader> Long TF @ 611.50 -> medium size
[09:43] <@wrbtrader> trade error
[09:43] <@wrbtrader> Exited all TF Long @ 611.70 --> + 0.2
[09:45] <Forex2stay> morning
[09:45] <@wrbtrader> Long TF @ 612.40 -> medium size
[09:45] <@wrbtrader> 4 only
[09:48] <@wrbtrader> Exited all TF Long @ 611.90 --> - 0.5
[09:48] <+Forex2stay> Euro in another tight range again today...only 58 pips so far on the day
[09:49] <@wrbtrader> Shorts TF @ 611.60 -> medium size
[09:49] <@wrbtrader> 4 only
[09:52] <@wrbtrader> Covered all TF Short @ 611.40 --> + 0.2
[09:53] <@wrbtrader> tought booger...won't drop
[09:53] <+pat255> choppy as usual
[09:53] <@wrbtrader> Shorts TF @ 610.90 -> medium size
[09:53] <@wrbtrader> 4 only
[09:56] <@wrbtrader> Alert - Key economic reports @ 1000am est
[09:56] <+Forex2stay> man hope it sparks the euro
[09:56] <@wrbtrader> tighten stop
[09:57] <+pat255> news at 10
[09:58] <+Forex2stay> yesterday i mentione about the Asian session being a good trade time after a tight Euro and US session.. that held true again last night...Euro fell 100 pips from its peak.
[09:58] <+Forex2stay> Euro currently right above LOD
[09:59] <@wrbtrader> a lot of tight trading ranges right now in different key markets
[09:59] <+jbuch> ES had a good session as well
[10:00] <+jbuch> thanks for the insight Forex
[10:00] <+Forex2stay> diddo jb didnt' think about looking at ES last night
[10:00] <@wrbtrader> Covered all TF Short @ 611.70 --> - 0.8
[10:01] <+jbuch> is anyone else having problems with forex factory
[10:01] <TraderG> no
[10:02] <+Forex2stay> no
[10:02] <@wrbtrader> Shorts TF @ 611.80 -> large size
[10:02] <@wrbtrader> 6 only
[10:02] <+jbuch> thanks
[10:05] <@wrbtrader> Covered all TF Short @ 611.30 --> + 0.5
[10:05] <@wrbtrader> Long TF @ 612.90 -> large size
[10:05] <@wrbtrader> 6 only
[10:06] <@wrbtrader> Long TF @ 613.70 -> Add
[10:06] <@wrbtrader> 3 added
[10:08] <@wrbtrader> Exited 1/3 TF Long @ 616.00 --> + 2.3
[10:08] <+pat255> vvn
[10:10] <+Forex2stay> nice wrbtrader
[10:11] <@wrbtrader> that makes up for my first trade of the day...that Short order I had that price blew right through without a fill (obviously I'm still mad about that)
[10:12] <@wrbtrader> tightening trail
[10:22] <@wrbtrader> Eminis trying hard...that's for sure
[10:27] <@wrbtrader> oh oh
[10:27] <@wrbtrader> Exited Remainder TF Long @ 614.70 --> + 1.8
[10:28] <+jbuch> very nice
[10:28] <+pat255> ggod trade in this chop & too fast man o man
[10:31] <@wrbtrader> Yeah...that 10am est report volatility spike made it easier to ride the momentum and then I did a "gutsy" intuition add.
[10:32] <+pat255> yeah ...was just trying to digest the info & chart moves it blew past any entry
[10:33] <@wrbtrader> 5 winners and 2 losers with 3 of my winners being +0.2 only
[10:33] <@wrbtrader> Be back later in the p.m. trading session...going to due a ton of personal stuff now.
[10:34] * wrbtrader is now known as wrbtrader_away
[10:34] <@wrbtrader_away> meant 5 winners and 3 losers
[10:39] <OICU812> Good morning all
[10:46] <+OICU812> interesting day
[10:47] <+OICU812> does anyone know what happened last night that it dropped like a rock?
[10:54] <+jbuch> hey OIC was wondering that myself
[10:54] <+OICU812> hey jb
[10:54] <+OICU812> looks like some news in asia or something like that
[10:54] <+OICU812> but i could not find what
[10:55] <+jbuch> did u getout of that short?
[10:55] <+Forex2stay> Shorts EURUSD @ 1.4059
[10:56] <+Forex2stay> Will use bearish TL for SL
[10:57] <+pat255> forex what tf do u use for netry charts?
[10:57] <+Forex2stay> 5m
[10:57] <+pat255> ty
[10:57] <+Forex2stay> i only look at 5m chart
[11:00] <+OICU812> yes jb
[11:00] <+OICU812> got out after hours
[11:00] <+OICU812> today two trades for me
[11:00] <+OICU812> long 87.75
[11:00] <+OICU812> now a short from 93.75
[11:01] <+OICU812> but dont like the one im in now
[11:01] <+jbuch> Long ES @ 1091.75
[11:01] <+jbuch> late didn't trust it
[11:02] <+jbuch> intuitive trade that I was about to cancel when it got filled
[11:03] <+OICU812> price not following the upcycle, will be interesting downside imho
[11:04] <+jbuch> I think sideways until the confirmation.
[11:04] <+pat255> when will that be?
[11:04] <+pat255> this PM?
[11:05] <+jbuch> it is tentative only
[11:05] <+pat255> k ty
[11:06] <+Forex2stay> SL set for 1.4072
[11:06] <+jbuch> Exited all ES Long @ 1093.75 --> + 2
[11:06] <+Forex2stay> nice
[11:06] <+OICU812> good job
[11:06] <+pat255> vn
[11:06] <+jbuch> thanks
[11:08] <+Forex2stay> Covered all EURUSD Short @ 1.4072 --> - 0.0013
[11:08] <+Forex2stay> SL hit
[11:09] * codehead_afk is now known as codehead
[11:09] <+jbuch> am going back to using targets based upon previous swings instead of looking for breakouts and or seeing how the market behaves at those areas
[11:10] <+jbuch> always move mystop to tight when it gets to those areas so I just end up taking less than the target
[11:10] <+OICU812> thats how i do it jb
[11:10] <+OICU812> for the first scale
[11:11] <+pat255> S 94.0 es
[11:12] <+OICU812> close to where im in pat, no movement yet
[11:18] <@X> #FuturesTrades Info -> No
s, 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[11:20] <+jbuch> Long ES @ 1093.5
[11:22] <+Forex2stay> sell stop to enter short EURUSD @ 1.4072
[11:22] <+jbuch> pushing against this
[11:24] <+OICU812> does not want to drop
[11:25] <+Forex2stay> cancelled all open stop orders
[11:27] <+jbuch> Exited all ES Long @ 1095 --> + 1.5
[11:28] <+pat255> vn jb
[11:28] <+pat255> geez forget S side for me
[11:28] <+jbuch> thanks
[11:28] <+OICU812> a -1.25 for me
[11:36] <+Forex2stay> sell stop to enter short EURUSD @ 1.4083
[11:38] <+OICU812> that was a nice entry jb
[11:39] <+jbuch> thanks got impatient with it had not hit my target.
[11:40] <+Forex2stay> cancelled all open stop orders
[11:40] <+jbuch> pretty good vol spike on that BO bar
[11:45] <+OICU812> ok this mnight be my short
[11:46] * codeheadX is now known as codehead
[11:52] <+Forex2stay> sell stop to enter short EURUSD @ 1.4086
[11:53] <+Forex2stay> Shorts EURUSD @ 1.4086
[11:54] <+OICU812> nice little pop up, now a bigger one would be appreciated
[11:55] <+pat255> jb what do u think a s here?
[11:55] <+Forex2stay> stop and reverse at 1.4095
[11:55] <+Forex2stay> if it
[11:55] <+Forex2stay> if hit
[12:00] <+OICU812> i dont have shorts till 95.5-96 area
[12:00] <+jbuch> until we get a move down that breaks a swing low I would look long only
[12:01] <+pat255> jb will that be 1091 area?
[12:01] <+jbuch> but these are significant highs so I will be cauttious about a long
[12:03] <+pat255> the swing low on what tf chart?
[12:03] <+jbuch> if we get strong move down that breaks 95 and the a retest of the are we are in now would look for a short setup
[12:03] <+pat255> thks
[12:04] <+jbuch> u can see iton the 1 min and 5
[12:04] <+jbuch> NP
[12:05] <+pat255> guys c u all later ack to office ...ty all
[12:05] <+Forex2stay> cya pat
[12:08] <+Forex2stay> stop and reverse now set to 1.4089
[12:13] <+Forex2stay> reversal hit
[12:14] <+Forex2stay> Covered EURUSD Short @ 1.4089 --> - 0.0003
[12:14] <+Forex2stay> Reverse and Enter Long EURUSD @ 1.4089
[12:26] <+Forex2stay> sl to BE
[12:26] <+Forex2stay> up against pretty good resistance here and not wanting to go in the red on this trade in case of a pull back.
[12:27] <+Forex2stay> but worth commissions to see if i can catch the BO
[12:37] <+jbuch> typical now I wish that I had kept that first trade.
)
[12:40] <+jbuch> nice trading forex
[12:40] <+Forex2stay> ty...just not getting follow through like i'm use to...just kind of perters out
[12:40] <+OICU812> slowly grinding up
[12:40] <+OICU812> patience
[12:41] <+jbuch> aren't u up a couple 100 on this trade
[12:41] <+Forex2stay> lol
[12:41] <+jbuch> don't really know what ur entries and exits represent
[12:42] <+jbuch> other than plus or neg
[12:42] <+Forex2stay> yeah...script is a little off for forex...so 4 digits..example +0.0018, is 18 pips
[12:43] <+Forex2stay> or +0.002 would be +20
[12:43] <+jbuch> what I mean is I don' t what the value of a pip is
[12:43] <+jbuch> gotcha
[12:43] <+Forex2stay> ohh got..i trade multiple standard lots so each pip $10
[12:43] <+OICU812> here we go. now some separation
[12:43] <+Forex2stay> for one starndard lot
[12:44] <+Forex2stay> Exited 1/2 EURUSD Long @ 1.4105 --> + 0.0016
[12:44] <+Forex2stay> BE on remainder
[12:45] <+OICU812> someone else here does intraday swings?
[12:46] <+Forex2stay> i typically only sing 1/2 of my entries, so trail 2nd half.
[12:46] <+Forex2stay> sing=swing
[12:47] <+OICU812>
[12:47] <+OICU812> you trade only one pair?
[12:47] <+Forex2stay> yep just EURUSD
[12:47] <+Forex2stay> one pair one timeframe
[12:48] <+Forex2stay> although i have others pairs up for correlation, i only trade EURUSD
[12:49] <+Forex2stay> Euro trying to nudge up to HOD
[12:50] <Nesi> Shorts ES @ 1099.25
[12:54] <+jbuch> creeper move up way to hang in there forex.
[12:54] <+jbuch> those alwayskick my ass
[12:54] <codehead> short YM 10231 <paper>
[12:54] <+codehead> 5 tick stop
[12:55] <+codehead> small sell signal on a resistance, but not a big one
[12:56] <+codehead> not major res
[12:56] <+Forex2stay> ty...minor TL broke so we'll see what happens
[12:56] <+codehead> stopped YM -5 <paper>
[12:57] <+jbuch> this move down has taken us to the 100 day moving average.
[12:57] <+Forex2stay> either it will trap bears and push up or fall to next support which is below my SL
[13:01] <+codehead> short YM 10231 <paper>
[13:10] <+codehead> exit half YM +10 <paper>
[13:15] <+codehead> lower stop b/e +1 remainder <paper>
[13:17] <+codehead> tight trail b/e +10 Ym <paper>
[13:20] <+codehead> exit remainder YM +18 <paper>
[13:21] <@X> #FuturesTrades Info -> No
s, 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[13:22] <rickf> gday
[13:24] <+Forex2stay> Exited Remainder EURUSD Long @ 1.4089 --> 0
[13:27] <+Forex2stay> hey rickf
[13:27] <+rickf> hi forex
[13:28] <+jbuch> heyrick
[13:28] <+rickf> heya jb
[13:28] <+jbuch> a plus for effort forex.
[13:28] <+Forex2stay> ty
[13:29] <+jbuch> great idea trying catch a nice swing on a trend day
[13:30] <+jbuch> kicking my self in the ass for not doing it on my trades
[13:30] <+Forex2stay> 95% of the time if i'm mentally ready i left my last 1/2 run until SL or reversal signal...usually i can catch 3-5 runners a week...sometimes more
[13:31] <+jbuch> I havea rule which I have not been following
[13:32] <+jbuch> if taking a with trend trade let some run
[13:32] <+jbuch> if counter or sideways then shoot for targets
[13:32] <+Forex2stay> that's a good rule
[13:33] <+jbuch> hard to tell where we are some times but it was obvious to me on this particular move
[13:34] <+Forex2stay> agree things look a lot different when your in the trenches
[13:36] <+jbuch> it can be
[13:37] <+jbuch> today was obvious
[13:37] <+jbuch> because it was such a stronge bo move.
[13:37] <+jbuch> but
[13:38] <+jbuch> it usually isn't
[13:39] <+jbuch> I notice that I do not see as the trend as well in a down market
[13:40] <+jbuch> have been so used to this bull that i have the blinders on when the bears are in charge
[13:40] <+jbuch> need to fix that
[13:41] <+Forex2stay> i have similar problem jb
[13:42] <+Forex2stay> sell stop to enter short EURUSD @ 1.4081
[13:43] <+jbuch> it is annoying because I have recognized it for a month or two but have to really force my self to get short and hang on.
[13:44] <+jbuch> had to pull up SDS last week so I could see properly
[13:44] <+Forex2stay> honestly the runners i catch in range and trends is probably 50/50...
[13:45] <+Forex2stay> sometimes i get lucky on range days and get a BO...those are good ones
[13:45] <+jbuch> yes
[13:46] <+jbuch> I also think it depends upon where u are at in the trend and what time of the day it is
[13:46] <+Forex2stay> good point
[13:47] <+rickf> my view of the 'trend' is intraday ... made some good $ shorting in the middle of a bull trend
[13:48] <+rickf> because 'my' trend view looked short ... not that i was right or wrong, just my style/view
[13:49] <+rickf> so for me it could be a 9 month bull market, but i don't care ... my 'trend' is whatever i'm looking at at the moment
[13:49] <+rickf> but yeah i do not forget what the broader 'trend' may be, obviously
[13:49] <+jbuch> that down move went down just enough to stop out some swings.
[13:50] <+jbuch> I agree with that rickf
[13:51] <+jbuch> so we have the same philosophy but nine times out of ten you are on the other side of my trades.
[13:51] <+jbuch>
[13:51] <+rickf> lol
[13:52] <+rickf> thanks i think
[13:52] <+jbuch> no insult or compliment intended
[13:52] <+jbuch> just an observation
[13:52] <+rickf> no worries
[13:53] <+rickf> i'll take your money
[13:53] <+jbuch> we see what we want to see.
[13:53] <+jbuch> lol
[13:53] <+rickf> or give it you you .... nobody's perfect
[13:53] <+rickf> indeed
[13:53] <+Forex2stay> yep it's all just perception
[13:53] <+Forex2stay> we all trade different perceptions
[13:53] <+rickf> love telling newbies or curious folks that 2 ppl can enter on the same price and make money in opposite directions
[13:53] <+rickf> they just go "huh?"
[13:58] <+codehead> mkt coma
[13:58] <+Forex2stay> cancelled all open stop orders
[13:59] <+Forex2stay> got some personal things to do...bbiab
[14:14] <+rickf> To pass the time --
[14:15] <+rickf> Hayek vs. Keynes Rap -
http://www.youtube.com/watch?v=d0nERTFo-Sk[14:15] <+rickf> "fear the boom and bust"
[14:23] <+Forex2stay> sell stop to enter short EURUSD @ 1.4081
[14:25] <+jbuch> lol
[14:27] <+jbuch> I want to steer markets I want them set them free.
[14:27] <+rickf> i loved the 'party at the fed, twentyminutes' line
[14:27] <+jbuch> love it man
[14:28] <+jbuch> yeah
[14:30] <+Forex2stay> cancelled all open stop orders
[14:31] <+OICU812> lol jb
[14:31] <+OICU812> not sure trading and rap can mix nicely
[14:31] <+Forex2stay> i'm assuming these two guys are supposed to be bernanke and geithner?
[14:31] <+Forex2stay> funny stuff
[14:32] <+rickf> not sure ... kaynes and hayek philosophies, for sure
[14:41] <+jbuch> OIC are u still in a that short?
[14:43] <+jbuch> never mind re read ur posts looks like u went long.
[14:48] <+OICU812> yes im short
[14:48] <+OICU812> above 98
[14:49] <+jbuch> nice
[14:50] <+OICU812> had another short before that that ended up BE
[14:52] <+OICU812> above 99 i'll switch to long
[14:53] <+rickf> am reading a few fund manager's letters this afternoon ... glad to know i am not alone in my views on the market for 2010
[14:53] <+Nesi> Covered all ES Short @ 1096.25 --> + 3
[14:53] <+rickf> vn
[15:00] <+OICU812> what are your views for 2010 rickf?
[15:00] <+rickf> 2010 will end in december
[15:00] <+rickf> there will be 11.5 more months of this year
[15:00] <+rickf>
[15:01] <+rickf> i think we're teetering on another drop down
[15:01] <+rickf> a big drop imho
[15:01] <+rickf> not the least of which is to retrace last year's parabolic climb
[15:02] <+rickf> me personally? i'm protecting lot of stocks with puts and have cash to buy long-term stuff "on sale" down the road
[15:02] <+rickf> mostly looking overseas tho
[15:02] * wrbtrader_away is now known as wrbtrader
[15:03] <+rickf> CRE will be next big economic problem for the US I think
[15:03] <@wrbtrader> Long TF @ 615.80 -> small size
[15:03] <+rickf> home mortgage situation hasn't recovered to any great degree i'd say
[15:03] <@wrbtrader> 3 only
[15:05] <+rickf> hope that helped OICU812
[15:05] <+rickf> last hour
[15:05] <+OICU812> you see the link jb posted yesterday?
[15:05] <+rickf> no
[15:06] <+OICU812> let me get it for you
[15:07] <+OICU812>
http://theeconomiccollapseblog.com/arch ... to-recover[15:07] <+OICU812> some interesting statistics there
[15:09] <+rickf> yeah that's pretty much how i feel too
[15:11] <@wrbtrader> Exited all TF Long @ 615.00 --> - 0.8
[15:11] <+OICU812> all the finantial aid money poured into the market thats why it went up. creating yet another bubble
[15:12] <@wrbtrader> 614.60 is the support area low
[15:12] <+OICU812> short getting a bit better.
[15:12] <+rickf> yup ... talking to folks last night, said the stock market's "gains" are illusory and don't reflect reality
[15:13] <+OICU812> things tend to balance, so sooner or later it will correct itself
[15:13] <+rickf> hell if the baks can borrow at 1% and lend at 5% that's like the gov writing them a $4 check for free
[15:13] <+rickf> good business if you can get it -- i should become a bank
[15:13] <+OICU812> yep
[15:14] <+OICU812> well interesting article on the 20 reasons
[15:14] <+OICU812> and i agree with it. What will happen i dont know but do agree
[15:14] <@wrbtrader> Shorts TF @ 614.50 -> medium size
[15:14] <+rickf> aye
[15:15] <@wrbtrader> 4 only
[15:15] <+rickf> breakdown coming on the es i think
[15:16] <+OICU812> im short so wont complain rick
[15:16] <@wrbtrader> weak support trying to get stronger
[15:16] <@wrbtrader> hammer lines forming
[15:18] <@wrbtrader> another hammer line
[15:19] <+jbuch> Long ES @ 1094.5
[15:20] <+rickf> short es 1094.75
[15:20] <@wrbtrader> Covered all TF Short @ 614.30 --> + 0.2
[15:22] <@wrbtrader> Shorts TF @ 613.70 -> medium size
[15:22] <+jbuch> Exited all ES Long @ 1093.75 --> - 0.75
[15:22] <@wrbtrader> 3 only
[15:23] <@wrbtrader> chasing the hammer line break
[15:24] <+rickf> out 1/2 es 92.75 +2
[15:24] <@X> #FuturesTrades Info -> No
s, 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[15:25] <@wrbtrader> Covered all TF Short @ 612.40 --> + 1.3
[15:28] <+rickf> exit 1/2 es 1092.75 +2
[15:28] <+rickf> h2
[15:30] <+OICU812> this turned into a nice short
[15:30] <+rickf> ty
[15:30] <+OICU812> short term down cycle coming
[15:30] <+OICU812> longer term up cycle starting so this may be the last swing
[15:31] <@wrbtrader> Long TF @ 613.50 -> small size
[15:31] <@wrbtrader> 3 only
[15:32] <@wrbtrader> nasty retrace right there
[15:32] <@wrbtrader> Exited all TF Long @ 612.80 --> - 0.7
[15:32] <+rickf> here we go...
[15:32] <@wrbtrader> Shorts TF @ 612.60 -> small size
[15:32] <@wrbtrader> 3 only
[15:33] <+rickf> stop @ 93.75
[15:34] <+rickf> stop @ 92.75
[15:39] <+rickf> stop @ 91.75
[15:40] <+rickf> exit es remainder 1091.75 +3
[15:40] <@wrbtrader> nice
[15:40] <+jbuch> nice
[15:40] <+rickf> thx
[15:40] <@wrbtrader> I'm getting greed on this short position...
[15:40] <@wrbtrader> Very close to my profit goal for the day.
[15:43] <+rickf> yah i really wanted to let those last 2 run
[15:43] <+rickf> i had the sense they'd be a 6-10 bagger for some reason
[15:43] <+rickf> but not being too greedy - i've been distracted today
[15:43] <@wrbtrader> Covered 2/3 TF Short @ 610.50 --> + 2.1
[15:44] <@wrbtrader> reached profit goal for the day and have 1 contract remainder as icing on the cake
[15:44] <+rickf> nice one
[15:45] <+rickf> may still drop but i wont chase it
[15:47] <+rickf> did i mention i sold my SDS hedge a few weeks ago?
[15:47] <+rickf> paypal karma donations accepted
[15:47] <+OICU812> thinking of exiting this area
[15:48] <+OICU812> ok, scaled 2/3
[15:51] <+rickf> downtrend sill looks strong imho
[15:56] <+OICU812> im waiting to see if it breaks 87.75
[15:58] <@wrbtrader> tightning trailing stop...here comes the 4pm est rush hour traffic
[16:00] <+OICU812> all out and flat
[16:01] <@wrbtrader> volatility not good in that rush hour traffic...kind'uv pathetic
[16:04] <@wrbtrader> Weds is FOMC Announcement...go skiing or bring your smart hat if you plan to trade (seriously) because it's going to be a hot one.
[16:05] <@wrbtrader> If you can't go skiing...go see a movie
[16:06] <+jbuch> lol
[16:06] <+jbuch> wrb r u going to keep that over night
[16:07] <@wrbtrader> No because I didn't enter the trade with the goal as an overnight.
[16:07] <@wrbtrader> I'll close it here soon
[16:08] <+jbuch> daily looks BAAAAAADDDD
[16:08] <@wrbtrader> agree
[16:09] <+OICU812> 62 is key
[16:09] <+jbuch> thinking about taking a swing at SDS longer term
[16:10] <+jbuch> wanna come back in the water rickf
[16:10] <+Forex2stay> have a good one guys catch you all tomorrow.
[16:10] <+jbuch> cya
[16:10] <+OICU812> good afternoon guys
[16:10] <+jbuch> cya
[16:12] <+OICU812> that was a nice short
[16:12] <@wrbtrader> Covered Remainder TF Short @ 610.80 --> + 1.8
[16:16] <+TraderG> does anyone have any idea how much $ are ALL the private traders make per day?
[16:19] <+OICU812> no clue
[16:20] <@wrbtrader> Private traders
[16:20] <+TraderG> yes
[16:20] <@wrbtrader> You mean "retail traders"
[16:20] <+TraderG> not institutions
[16:20] <+OICU812> i would guesst hat would be a hard number to figure out.
[16:21] <+TraderG> that is why I thought about it
[16:21] <@wrbtrader> Ok...traders trading their own accounts and not the money of someone else
[16:22] <+TraderG> yes
[16:22] <@wrbtrader> I know it's at over 2 million dollars because my tax accountant has 5 clients and 2 of them making over 1 million each on average per year...
[16:23] <@wrbtrader> Unfortunately I'm not one of them
[16:23] <@wrbtrader> Surely he's not the only tax accountant in the world
[16:24] <@wrbtrader> My guess must be around 350 million
[16:24] <@wrbtrader> I heard a number like that in the 90's
[16:24] <+TraderG> i am trying 2 figure out how much a loser has to lose per day to fund one winner
[16:24] <@wrbtrader> ahhhh
[16:28] <+TraderG> just something 2 keep the grey cells busy
[16:31] <+TraderG> good night
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