#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)
------------------------
Session Start: Thu Feb 11 08:51:23 2010
Session Ident: #FuturesTrades
[08:51] * Now talking in #FuturesTrades
[08:51] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[08:52] <pat255>
n
[08:59] <@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[09:19] <jbuch> good morning everyone
[09:20] <+pat255>
jb
[09:21] <Nesi> HI jb
[09:29] <@wrbtrader> That counter-thrust in the Eurofx 6E futures and Forex EurUsd we saw on 8th and 9th is in jeopardy of being completely retraced today.
[09:29] <@wrbtrader> If it is retraced...it'll go below the Feb 5th low.
[09:30] <drt>
all
[09:30] <werner>
all
[09:32] <+werner> Shorts NQ @ 1744.25
[09:32] <@wrbtrader> Shorts TF @ 591.50 -> medium size
[09:32] <@wrbtrader>
[09:32] <@wrbtrader> bad entry will have to sweat it out
[09:32] <@wrbtrader> 4 only
[09:34] <+werner> Covered all NQ Short @ 1741.25 --> + 3
[09:34] <@wrbtrader> Covered all TF Short @ 590.30 --> + 1.2
[09:34] <@wrbtrader> TF is one of those trading instruments that once you make a decision to enter or exit...
[09:35] <+Nesi> Long ES @ 1061.25
[09:35] <+Nesi> 2
[09:35] <@wrbtrader> Don't hesitate one second because if you do...you could lose 3 - 8 ticks on entry.
[09:35] <+pat255> y
[09:37] <@wrbtrader> Long TF @ 592.40 -> medium size
[09:40] <+Nesi> Exited all ES Long @ 1061.50 --> + 0.25
[09:40] <@wrbtrader> Exited all TF Long @ 591.40 --> - 1
[09:42] <@wrbtrader>
[09:43] <+pat255> tf jumpy oh my
[09:43] <+pat255> i better stick to ES
[09:44] <@wrbtrader> Shorts TF @ 590.30 -> medium size
[09:44] <@wrbtrader> 4 only
[09:44] <@wrbtrader> I had a no fill for 6 contracts @ 590.90 when it was arond 591.10
[09:44] <@wrbtrader>
[09:44] <+werner> Shorts NQ @ 1739.50
[09:45] <+werner> Covered all NQ Short @ 1737.50 --> + 2
[09:46] <+werner> pff jumpy
[09:46] <@wrbtrader> I obviously have a big "bearish bias" this morning so far.
[09:46] <+werner> me too
[09:46] <+werner> but must go now ...
[09:47] <+Nesi> Long ES @ 1058.75
[09:49] <@wrbtrader> tighten trail...it keeps testing that 589.80 level
[09:50] <@wrbtrader> Covered all TF Short @ 589.80 --> + 0.5
[09:54] <+Nesi> Exited all ES Long @ 1061.00 --> + 2.25
[09:54] <@wrbtrader> Long TF @ 590.00 -> medium size
[09:54] <@wrbtrader> 4 only
[09:56] <+Nesi> darn
[09:56] <@wrbtrader> Exited all TF Long @ 591.70 --> + 1.7
[09:58] <@wrbtrader> Had bad luck on two trades today (1st short of the day and a no fill on what should have been my 3rd trade)...
[09:58] <@wrbtrader> Now I get my first lucky trade of the day via a position size error.
[09:59] <@wrbtrader> I have a strong bearish bias which means I'm suppose to be normal to heavy on the shorts and small on the longs.
[09:59] <@wrbtrader> Wanted only 1 contract on the Long but accidentally went 4
[09:59] <@wrbtrader>
[09:59] <+pat255> lol vn
[09:59] <+pat255> good accidents are k
[09:59] <@wrbtrader> I guess "luck" always evens out.
[10:05] <@wrbtrader> Long TF @ 590.80 -> small size
[10:05] <@wrbtrader> 1 only
[10:05] <ItalianSharp> hi all...long time no see
[10:06] <+ItalianSharp> decided to check in and say hi...wont stay logged on for much
[10:06] <@wrbtrader> Welcome back
[10:06] <+jbuch> hey sharp how ya doing
[10:06] <+ItalianSharp> well thanks...about you guys?
[10:07] <+jbuch> good here thanks
[10:07] <+ItalianSharp> this greece-bailout thing is getting a little boring, not many opportunities the last couple of days
[10:07] <@wrbtrader> Exited TF Long @ 591.80 --> + 1
[10:08] <@wrbtrader> early exit
[10:08] <+ItalianSharp> i am hearing the EU will release the bailout details this afternoon...hopefully that will help traders make up their mind and decide whether to resume the correction or move up from here
[10:09] <+jbuch> Long ES @ 1062.5
[10:09] <+ItalianSharp> if we dont break yesterday's hi/lo, we'll have back-to-back inside days
[10:10] <+ItalianSharp> very rare
[10:10] <+ItalianSharp> talking about indecision...
[10:11] <+ItalianSharp> i am expecting a big directional move within 2-3 days of the greece bailout plan details
[10:11] <+ItalianSharp> wrbtrader, since you are a master in seasonalities, wouldn't you agree?
[10:13] <+Nesi> welcome back..italiano!!!
[10:13] <+jbuch> Exited all ES Long @ 1065.75 --> + 3.25
[10:13] <+Nesi>
[10:13] <+ItalianSharp> what's up nesi? how have the markets been treating you?
[10:14] <+Nesi> lately...much better
[10:14] <+ItalianSharp> as a permabear, you should be happy these days
[10:14] <+ItalianSharp>
[10:14] <+Nesi> i am changing as a trader
[10:14] <+ItalianSharp> great to hear
[10:14] <+ItalianSharp> been working on psychology?
[10:14] <+Nesi> big time
[10:15] <+ItalianSharp> man, if you aren't psychologically ready to trade this thing, the market will get the most evil part out of you systematically and send you to the old-men house
[10:15] <+jbuch> got knocked out for -1 point on the original doubled up and reenterd at the same price
[10:16] <+ItalianSharp> so well done and keep it up nesi...the most precious thing you have in trading is your brains and confidence, gotta always look after those
[10:16] <+Nesi> thx
[10:16] <+ItalianSharp> jbuch, nice re-enter and good patience
[10:17] <+ItalianSharp> re-entry
[10:17] <+ItalianSharp> we should see 70ish in ES
[10:17] <+jbuch> thanks yeah u would think
[10:18] <+ItalianSharp> this market has been bouncing up from one extreme to another...so i'd be surprised if ES doesn't test yesterday's upper range area
[10:18] <+ItalianSharp> a re-test of 62 is not outta the cards though
[10:21] <+jbuch> 64 is glue man
[10:21] <+ItalianSharp> why is that you think?
[10:23] <+ItalianSharp> really ugly day so far...be careful folks...these are the kind of days that can churn up your accts easily and quickly
[10:23] <@wrbtrader> Ok...just got back.
[10:24] <+ItalianSharp> i am gonna place two old-style horizontal lines at yesterday's HI/LO...until the alarm rings, i am staying out of this
[10:24] <@wrbtrader> My bias back to neutral (no longer bearish)
[10:24] <+ItalianSharp> wrbtrader: haven't been more neutral than today
[10:24] <+ItalianSharp> back-to-back inside days in the making
[10:25] <@wrbtrader> I was expecting today to be either a TREND DAY or Strong Parabolic Directional price movement in the a.m. session.
[10:26] <@wrbtrader> So far...doesn't look like that's going to happen other than a few decent small directional movements
[10:26] <@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[10:26] <+jbuch> Long ES @ 1065
[10:27] <@wrbtrader> Long TF @ 594.00 -> small size
[10:27] <+ItalianSharp> wrbtrader...the longer we sit in this range...the more explosive the next move will be
[10:27] <@wrbtrader> 2 only
[10:27] * codehead_afk is now known as codehead
[10:27] <@wrbtrader> I hope that explosion happens sooner than later
[10:28] <+ItalianSharp> you can just feel this market is very nervous and undecided...it needs to make up its mind
[10:28] <+ItalianSharp> it's like riding a wild horse...the risk to fall off is very high
[10:30] <+jbuch> caught in the middle of another wedge
[10:31] <@wrbtrader> Exited all TF Long @ 593.10 --> - 0.9
[10:32] <+jbuch> Exited all ES Long @ 1063.75 --> - 1.25
[10:33] <@wrbtrader> Shorts TF @ 592.50 -> small size
[10:33] <@wrbtrader> 3 only
[10:34] <+werner> back
[10:35] <+werner> welcome back IS
[10:35] <+ItalianSharp> tx werner
[10:35] <+ItalianSharp> hope all is well with you
[10:35] <@wrbtrader> weak support area just developed
[10:35] <+werner> yes thanks
[10:35] <+werner> you too?
[10:36] <+ItalianSharp> ES re-tested 62...if it holds, we should see 67
[10:36] <+ItalianSharp> going out for a break...dont like this price action
[10:36] * ItalianSharp is now known as ItalianSharp_away
[10:37] <@wrbtrader> Covered all TF Short @ 592.20 --> + 0.3
[10:40] <screenstruck> Hello
[10:41] <+werner> hello
[10:48] <@wrbtrader> Long TF @ 593.30 -> small size
[10:48] <@wrbtrader> 2 only
[10:48] <TraderG> it is so quiet here suddenly.........
[10:49] <@wrbtrader> Exited all TF Long @ 592.50 --> - 0.8
[10:49] <+jbuch> lol
[10:50] <@wrbtrader> Shorts TF @ 592.30 -> medium size
[10:50] <@wrbtrader> 3 only
[10:51] <@wrbtrader> Markets today is still sensitive to news out of Greece or the ECB about greece.
[10:52] <@wrbtrader> Two of my losing Long positions I credited to speeches or news being released about Greece
[10:54] <@wrbtrader> Covered all TF Short @ 591.20 --> + 1.1
[11:00] <Forex2stay> morning everyone
[11:04] <+jbuch> hey forex
[11:05] <+Forex2stay> Hey jb having a good week?
[11:05] <+jbuch> not bad so far how are you
[11:06] <+Forex2stay> good thank!
[11:06] <+jbuch> man I wish they would get this greez=ce thing figured out
[11:06] <+Forex2stay> started using speech recognition this week in Word, so i can dictate my trading journal and not type. so that's taking some adjustment, but can already see the benifit.
[11:07] <+jbuch> cool
[11:11] <+codehead> dollar might be getting toppy here
[11:12] <@wrbtrader> Anybody know how much debt the U.S. holds in Greece
[11:13] <+pat255> no idea N but mostly by europeans
[11:16] <@wrbtrader> Just found the answer on Google Business News search.
[11:16] <@wrbtrader>
http://www.reuters.com/article/idUSN0911899120100209[11:18] <@wrbtrader> Libor spreads must be widening with all this Greece debt stuff
[11:18] <@wrbtrader> or maybe just increasing
[11:19] <@wrbtrader> Never really understood why "retail traders" would be interested in LIBOR Spreads.
[11:19] <+jbuch> what are the ramnifications of that WRB
[11:19] <@wrbtrader> I always thought that's more of a "institutional" type of trade
[11:19] <+jbuch> ohh just saw ur last post
[11:20] <+jbuch> maybe a decrease in liquidity
[11:20] <+screenstruck> probably just an indication of fear?
[11:21] <@wrbtrader> Well...if things get bad in Europe as in Spain, Portugal, Ireland and others follow Greece...
[11:21] <@wrbtrader> Watch out...we're going straight down the toilet again in the U.S. markets
[11:21] <+screenstruck> PIGS of Euro is what they have termed it
[11:22] <@wrbtrader> Yeah...just saw that on twitter and didn't know what it meant
[11:22] <werner> back
[11:22] <+screenstruck> portugal Italy greece and spain
[11:23] <+screenstruck> their bonds are suppossedly moging together
[11:23] <+screenstruck> moving
[11:23] <+werner> Long NQ @ 1756.50
[11:23] <@wrbtrader> Short squeeze right now in the Eminis
[11:23] <+werner> Exited all NQ Long @ 1759.00 --> + 2.5
[11:24] <+werner> Long NQ @ 1760.00
[11:24] <+werner> Exited all NQ Long @ 1761.00 --> + 1
[11:25] <@wrbtrader> I'm sidelined...just watching and taking a break from trading after reaching my profit goal for the trading day.
[11:25] <+pat255>
[11:25] <@wrbtrader> Reading up on the Greece debt woes
[11:25] <+pat255> took 1 trade & small loss geez
[11:26] <+werner> maybe some res here
[11:27] <+werner> djeez nice squeeze
[11:28] <TLancer> must greece news
[11:35] <+werner> fff that cost us tax that greece ....they've lied and now we must help them pffff that is not right
[11:36] <@wrbtrader> Reminder - A lot of traders are blaming the low volatility or lack of volume on the weather (recent blizzards in New York area).
[11:37] <+codehead> 08:11 codehead: dollar might be getting toppy here
[11:37] <+codehead> it dbl topped there
[11:37] <+werner> We have a big problem that olive countries
[11:37] <+werner> wiht
[11:39] <+TLancer> i believe greece is only tip of iceberg in europe/euro land
[11:39] <@wrbtrader> Reading "US Debt Is A Safe Haven Just Like Pearl Harbor Was A Safe Haven In 1941" @
http://www.businessinsider.com/us-debt- ... 941-2010-2[11:40] <+werner> yes indd TL ...greece .portugal spain ireland ande belgium
[11:41] <+werner> all have big problems
[11:41] <+Forex2stay> do any of you guys live in these areas? wondering how residents view it?
[11:41] <+werner> and the good ones must pay for them
[11:41] <@wrbtrader> I found a PIGS image @
http://www.telegraph.co.uk/finance/fina ... -deal.html[11:41] <+werner> yes i live in holland
[11:41] <@wrbtrader> Ok...I'm ready to trade again.
[11:42] <+Forex2stay> thanks werner, do things look bad on the inside?
[11:43] <+werner> tf maybe res here
[11:44] <@wrbtrader> Shorts TF @ 598.20 -> small size
[11:44] <@wrbtrader> 2 only
[11:44] <@wrbtrader> intuition
[11:44] <+werner> prev monthly low here
[11:45] <@wrbtrader> Price action within a BIG key price area.
[11:45] <+werner> tf
[11:45] <+werner> Shorts NQ @ 1770.00
[11:45] <@wrbtrader> Covered all TF Short @ 599.20 --> - 1
[11:47] <@wrbtrader> Shorts TF @ 598.80 -> small size
[11:47] <@wrbtrader> 2 only
[11:47] <@wrbtrader> still intuition
[11:47] <+TLancer> tf just blasted out of that wedge
[11:47] <+werner> Covered all NQ Short @ 1768.00 --> + 2
[11:47] <@wrbtrader> still within that BIG price area
[11:47] <@wrbtrader> will use a tighter stop this time
[11:48] <+werner> tf is a beast
[11:49] <+screenstruck> yeah I stick to the lower sized NQ
[11:49] <@wrbtrader> Covered all TF Short @ 599.00 --> - 0.2
[11:49] <@wrbtrader> Long TF @ 599.20 -> small size
[11:50] <@wrbtrader> 2 only
[11:50] <+werner> Long NQ @ 1769.00
[11:52] <+werner> Exited all NQ Long @ 1770.50 --> + 1.5
[11:52] <@wrbtrader> Exited all TF Long @ 599.40 --> + 0.2
[11:53] <@wrbtrader> If Emini ES hits 1075.00 I'll go Long TF
[11:55] <@wrbtrader> Long TF @ 599.50 -> small size
[11:55] <@wrbtrader> 2 only
[11:56] <@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[11:56] <@wrbtrader> No support from Gold and Oil...I'm on my own
[11:59] <+pat255> looks toppy but mo mo is teher
[12:01] <+pat255> this is tuff to tarde here
[12:01] <@wrbtrader> Agree and now volatility is declining
[12:01] <@wrbtrader> will get tougher if a spike doesn't occur soon
[12:01] <+pat255> y
[12:06] <Nesi> Shorts ES @ 1073.50
[12:07] <+codehead> short NQ 1773.25 <paper>
[12:07] <+codehead> scalp, on divergence
[12:07] <+codehead> 2 pt stop
[12:08] <+codehead> iffy
[12:09] <+codehead> already don't like it
[12:09] <+pat255> nice patience N
[12:09] <+codehead> stopped -2.00 NQ <paper>
[12:10] <@wrbtrader> Gold and Oil showed up to help...will hold this Long as long as they stay above their temporary support level
[12:10] <@wrbtrader> trailing stop @ profit
[12:11] <@wrbtrader> Exited all TF Long @ 599.70 --> + 0.2
[12:11] <@wrbtrader> Oil and Gold now back below their support
[12:12] <+codehead> short NQ 1774.75 <paper> 2 pt stop
[12:13] <+codehead> one more time
[12:15] <+codehead> hm, NQ has a gap fill at 1785.50--10 pt higher
[12:18] <+Nesi> Covered all ES Short @ 1075.25 --> - 10.5
[12:19] <+codehead> stopped -2.00 NQ <paper>
[12:19] <+Nesi> that is -2.25
[12:19] <+codehead> ES hit res
[12:21] <+screenstruck> news from der speigel
[12:21] <+werner> ow lorana laat niet met haar sollen jom
[12:21] <+werner> da beloofd wa
[12:21] <+screenstruck> GS helped Greece circumvent Maastricht treaty to boorow more than allowed
[12:21] <+werner> belooft wa
[12:22] <+screenstruck> by creating swaps using fictional exchange rates
[12:22] <+screenstruck> greece had been issuing dollar and JPY denominated debts
[12:23] <+screenstruck> to be later converted back to eeuros
[12:24] <+Nesi> Shorts ES @ 1072.75
[12:34] <@wrbtrader> If this goes higher...I'll call it a "trend day" depending upon how it closes.
[12:35] <@wrbtrader> Simply, it needs to keep it's gains and not retrace it
[12:41] * ItalianSharp_away is now known as ItalianSharp
[12:42] <+ItalianSharp> i am back...looks like eminis finally broke out
[12:42] <+ItalianSharp> looking back at the charts, no chance i would have caught any of this upthrust unless by chasing it
[12:42] <+ItalianSharp> this rally should set up better trading days tomorrow and next week
[12:44] <+TLancer> does anyone know the IRC command to hide the join/quit postings?
[12:53] <@wrbtrader> Yes...look at the small box in the upper left corner...click on it...
[12:53] <@wrbtrader> then scroll down to "Events".
[12:57] <+TLancer> TY WRB I think I got it :>
[12:59] <werner1> its done here ... i go too take a 2 week holiday ...nice trading all and see you all in the next 2 weeks
[13:00] <+jbuch> take carewerner have fun
[13:01] <+werner1> thnx
)
[13:02] <+werner1> milk that market
)
[13:02] <+jbuch> wrbtrader going back to tl's
you click on the mirc symbol.
[13:02] <+werner1> see you all......
[13:03] <+Forex2stay> later werner
[13:03] <+werner1>
[13:04] <@wrbtrader> volatility has died
[13:05] <@wrbtrader> be back later
[13:05] * wrbtrader is now known as wrbtrader_away
[13:13] * screenstruck is now known as screenstruck_away
[13:23] <@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[13:45] <+codehead> big pb in dollar formt hat double top
[13:45] <+codehead> we should pb some now
[13:52] <+Nesi> Shorts ES @ 1074.50
[14:01] <+Nesi> Shorts ES @ 1075.00 -> Add
[14:10] <+codehead> bearish divergence, but momo still good
[14:25] <+jbuch> wedge tightening up
[14:53] <@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[15:03] * wrbtrader_away is now known as wrbtrader
[15:27] <+TLancer> Shorts TF @ 602.8 «« simulator »»
[15:27] <+TLancer> 2
[15:27] <+TLancer> Covered 1/2 TF Short @ 602.3 --> + 0.5 «« simulator »»
[15:31] <+TLancer> Covered Remainder TF Short @ 602 --> + 0.8 «« simulator »»
[15:37] <+jbuch> what a mess
[15:37] <+jbuch> es ping pong
[15:38] <+TLancer> Shorts TF @ 602.5 «« simulator »»
[15:38] <+TLancer> 2
[15:39] <+jbuch> if 75 holds will take a long at 76.5
[15:41] <+jbuch> in a weak downtrend on an uptrend day in a bear market
[15:41] <+jbuch> don't trust a thing today
[15:46] <+TLancer> Covered all TF Short @ 602.6 --> - 0.1 «« simulator »»
[15:47] <+TLancer> Long TF @ 602.5 «« simulator »»
[15:47] <+TLancer> 2
[15:48] <+TLancer> Exited all TF Long @ 602.5 --> 0 «« simulator »»
[15:51] <+jbuch> bears just can't get it done
[15:51] <@wrbtrader> Long TF @ 603.10 -> small size
[15:51] <@wrbtrader> 2 only
[15:52] <@wrbtrader> back at the top of that 15 min range
[15:52] <@wrbtrader> lets see if it can push above it
[15:52] <+TLancer> Long TF @ 603 «« simulator »»
[15:52] <+TLancer> 2
[15:53] <+TLancer> Exited all TF Long @ 602 --> - 1 «« simulator »»
[15:53] <+TLancer> 602.6
[15:53] <+jbuch> Long ES @ 1075
[15:55] <+jbuch> come on darling
[15:55] <@wrbtrader> Exited all TF Long @ 604.10 --> + 1
[15:55] <+jbuch> poking above a down trendline
[15:57] <@wrbtrader> Long TF @ 604.40 -> small size
[15:57] <@wrbtrader> 1 only
[15:58] <@wrbtrader> intuition
[15:59] <@wrbtrader> Exited TF Long @ 604.10 --> - 0.3
[15:59] <+jbuch> Exited all ES Long @ 1076 --> + 1
[15:59] <@wrbtrader> Long TF @ 603.90 -> small size
[15:59] <+TLancer> Long TF @ 603.9 «« simulator »»
[15:59] <+TLancer> 2
[15:59] <@wrbtrader> 2 ony
[15:59] <@wrbtrader> same as prior trade
[16:00] <@wrbtrader> Exited all TF Long @ 604.10 --> + 0.2
[16:00] <+TLancer> Exited 1/2 TF Long @ 603.4 --> - 0.5 «« simulator »»
[16:00] <+jbuch> ding ding
[16:00] <+TLancer> Exited Remainder TF Long @ 603.9 --> 0 «« simulator »»
[16:01] <@wrbtrader> Long TF @ 604.30 -> small size
[16:01] <@wrbtrader> 2 only
[16:01] <@wrbtrader> same as prior
[16:02] <+TLancer> Shorts TF @ 604.6 «« simulator »»
[16:02] <+TLancer> 2
[16:04] <+TLancer> Covered 1/2 TF Short @ 64.3 --> + 540.3 «« simulator »»
[16:04] <+TLancer> Covered Remainder TF Short @ 604.3 --> + 0.3 «« simulator »»
[16:05] <+jbuch> only 3 trades today.
[16:05] <@wrbtrader> Exited all TF Long @ 604.00 --> - 0.3
[16:05] <+codehead> me too
[16:05] <+codehead> but
[16:06] <+codehead> the first i exited accidently while setting stop
[16:06] <+codehead> then jumped right back on, and it wasn't right by then, was frustration re-entry
[16:06] <+codehead> sotpped out
[16:06] <+codehead> lol
[16:06] <+codehead> jumped back on and got the loss back
[16:07] <+codehead> at that point i decided i was too distracted to trade properly
[16:07] <+jbuch> way to plug at it
[16:07] <+codehead> well, there is tomorrow
[16:07] <+jbuch> saw 3 other good setups but didn't take them
[16:08] <+jbuch> was very hesitant today for some reason
[16:08] <+TLancer> hard to believe the ticks moved over the day & hardy no trading -sucks
[16:08] <+jbuch> don't know if confused by the market or protecting profits.
[16:09] <+codehead> profits good
[16:09] <+codehead> i ended up losing 1 YM tick and 3 commish
[16:10] <+jbuch> profits are good but u gotta pull the trigger if you have a good setup
[16:10] <+codehead> yes, i'm having that problem
[16:10] <+jbuch> cause the next one might not work
[16:10] <+codehead> yeah
[16:10] <+jbuch> all three of the ones that I did not take worked
[16:11] <@wrbtrader> I hope tomorrow is more exciting than today but I'm sure it would have been less boring had I not take a "break from trading" between 1055am - 1145am est
[16:11] <+codehead> i've been coding indicators a lot past few weeks, and looking at different things
[16:11] <+jbuch> oh well kind of distracted but thats probably just an excuse
[16:11] <+codehead> very promising, but i second guess a lot
[16:11] <+jbuch> yeah I was wondering how ur stuff worrked
[16:11] <+codehead> and of course very distracted
[16:12] <+jbuch> can u back test it
[16:12] <+codehead> well... can backtest the indicators, but the entry is still by brain
[16:12] <+codehead> actually, this stuff works really well
[16:12] <+codehead> i'm just not taking them yet
[16:13] <+jbuch> I bet u seem like one hell of a smart guy.
[16:13] <+TLancer> Shorts TF @ 604.5 «« simulator »»
[16:13] <+TLancer> 2
[16:13] <+codehead> well, i'd be smarter if i took the trades lol
[16:13] <+TLancer> hold for awhile
[16:13] <+jbuch> automatic entries and exits might be just the thing for you
[16:13] <+codehead> yes, i've considered that
[16:14] <+codehead> do you use indicators?
[16:14] <+jbuch> u have mentioned on numerous occasions that u catch high and lows
[16:14] <+jbuch> but those are usually hard to hang onto cause the retrace
[16:14] <+codehead> yeah, didn't trade yesterday, tuesday i shorted NQ 3 ticks from HOD, YM a few for low
[16:14] <+codehead> yes
[16:14] <+codehead> exactly
[16:15] <+codehead> though, i've found some indicators to help me with that part
[16:15] <+codehead> i think
[16:15] <+codehead> i traded stocks for years with just price and volume
[16:15] <+codehead> so this is new, somewhat
[16:15] <+jbuch> hard to let a point or 2 go back to o though if your sitting there watching everytick
[16:16] <+codehead> yep
[16:16] <+codehead> that's exactly my problem
[16:16] <+codehead> and in fact maybe i need ot jsut go for small trades, since that's what i end up with
[16:16] <+codehead> on stocks i can be extremely patient for target
[16:17] <+codehead> months don't bother me... on futs, seconds bother me
[16:17] <+jbuch> thats why I stopped taking reversal would usually take a small stop trying to catch it and never had the faith or patience to let meander up.
[16:17] <+codehead> anyway, i've noticed on top, the retest is usually divergent (macd, tsi, whatever)
[16:17] <+jbuch> yeah thats interesting same here
[16:18] <+jbuch> yeah that retest is usually the best 1 to take
[16:18] <+codehead> what got me on this track lately was i was getting calls from nexgen, saying i had inquired about a demo
[16:18] <+codehead> which i hadn't
[16:18] <+codehead> but i looked at their stuff anyway--really pretty nice system
[16:19] <+codehead> $16.5k
[16:19] <+codehead> yikes
[16:19] <+codehead> so far, i recreated all their indicators, cept the automated fibs--started working on that, but it's a long term project
[16:19] <+jbuch> let it break down below a swing and then I love to see it peak above the previous swing and fail with a vol and tick divergance
[16:20] <+codehead> how do you view tick?
[16:20] <+jbuch> dang it better be good
[16:20] <+jbuch> similar to you I think
[16:20] <+codehead> actually, i haven't tried it, but mentioned it to my mentor--a very good trader--and he did the demo, he really likes it, considering buying it
[16:21] <+jbuch> but it has become very background for me
[16:21] <+codehead> well, i don't have a godo setup to view tick... i just have 5 min chart with an alarm for >1k, <-1k
[16:21] <+codehead> and i wrote an indicator that plots the apporpiate bid or ask on teh chart at that point
[16:21] <+codehead> i don't really look for divergence on tick, jsut extremes
[16:22] <+jbuch> if we have a nice trend then I use tick extremes as a confirmation to get back in on a retracement
[16:22] <+codehead> if mkt not trending, you can fade those extremes with high reliability
[16:22] <+codehead> yeah, that sounds good
[16:22] <+jbuch> if sideways then I use it as exhaustion
[16:22] <+codehead> right
[16:23] <+jbuch> what I like to see best is shigh ticv highvol reversal
[16:23] <@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[16:24] <+jbuch> that breaks a previous swing and the a retest preferably slightly above or below the previous swing
[16:24] <+jbuch> with lower vol and tick
[16:24] <+codehead> i have trouble chasing--could see at one point today i could just buy YM while it was on rocket trajectory and have no worry about even a 2-3 tick retrace, still didn't jump on it
[16:24] <+jbuch> but on the 1 min
[16:24] <+codehead> ic
[16:24] <+jbuch> yeah those are he=ard to get on was watching that move to
[16:25] <+codehead> what charting platform you use?
[16:25] <+jbuch> trade station
[16:26] <+codehead> ok, i've been messing with it lately
[16:26] <+codehead> but mainly using esignal
[16:26] <+jbuch> would be good for u
[16:26] <+codehead> also messing with ninja
[16:26] <+jbuch> good programs I don't program anything so kind of a waste
[16:26] <+codehead> nexgen t-3 is on ts and ninja
[16:26] <+jbuch> but I like the charts
[16:28] <+codehead> i've "discovered" old indicators recently, in forms that are easiler for me to read
[16:28] <+codehead> like macd, could always justify it after the fact, but didn't help me in trading
[16:28] <+jbuch> $16,500 is a big chunk it mustbe pretty bad ass if people are buying it and are happy
[16:29] <+codehead> but i like this MACD BB (macd with bollinger bands)
[16:29] <+codehead> they have videos etc on their site--worth a look for ideas alone...
[16:29] <+codehead> nexgent3 dot com
[16:30] <+codehead> click educational tab above, scroll to vids
[16:30] <+jbuch> cool I will check it out thanks
[16:31] <+codehead> good idea there about staying in a trade
[16:32] <+jbuch> fib stuff u must be drooling looking at that site
[16:32] <+codehead> yeah, i do like that part--lot of work to do it manually
[16:32] <+codehead> even with software that assists
[16:32] <+codehead> i use wavetracker, but i think i'll save so money and code a replacement
[16:33] <+codehead> already started
[16:33] <+codehead> but the automated is more work
[16:33] <+codehead> look at..
[16:33] <+codehead>
http://gallery.me.com/codehead#100070/S ... olor=black[16:34] <+jbuch> yeahI am to lazy to set up fibs and trendlines for that matter just eyeball it
[16:34] <+codehead> that's a chart i already had up, jsut to show someone a couple of the indicators, and another i coded
[16:34] <+codehead> two of those are same as nexgen
[16:35] <+codehead> the trigger lines on price is lsma (lin regression) with an ema follow
[16:35] <+codehead> then below, macd bb
[16:35] <+codehead> see how if you stayed in while the dots where on the outside of bb, you'd get great trend moves
[16:36] <+jbuch> yeahverycool
[16:36] <+codehead> second form bottom i got from Robert Miner book--stochastics of rsi
[16:36] <+codehead> bottom one is very similar to macd bb.. it's tsi with an ema follow
[16:36] <+codehead> i think i'll try coding it with BB instead
[16:37] <+codehead> tsi and macd almost the same, but supposedly, you can set tsi faster with less noise
[16:37] <+codehead> since it's based on double ema
[16:37] <+codehead> so that's why i'm distracted, evaluating lots of things
[16:37] <+jbuch> oh shit lost track of time gotta go pick up my kid
[16:38] <+codehead> cya :-)
[16:38] <+jbuch> thanks for sharing code looks very impressive have a good night all
[16:38] <+codehead> thx for chatting--gn
[16:39] * codehead is now known as codehead_afk
[17:50] <@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/forumSession Close: Thu Feb 11 22:16:55 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=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.
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)
@
http://twitter.com/wrbtrader Phone: +1 708 572-4885
Business Hours: 8am - 5pm est (Mon - Fri)
Skype Messenger: kebec2002
questions@thestrategylab.comGo Back To TheStrategyLab.com Homepage
