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 Post subject: April 9th Friday - Futures, ETFs and Forex Currencies
 Post Posted: Thu Apr 15, 2010 7:26 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 Apr 09 09:17:26 2010
Session Ident: #FuturesTrades
[09:17] * Now talking in #FuturesTrades
[09:17] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:19] <rickf> gm all
[09:21] <werner> gm rickf
[09:21] <Sidhartha> morning
[09:21] <+rickf> hiya werner, all
[09:22] <+werner> gm sid
[09:22] <+Sidhartha> anyone having mIRC problems this morning...?
[09:22] <drt> gm
[09:22] <+werner> no
[09:22] <+Sidhartha> for some reason I started connecting to a thing called EFNet this morning...
[09:22] <+werner> gm drt
[09:22] <+Sidhartha> lord only knows how that happened
[09:23] <+drt> gm werner
[09:24] <+Sidhartha> gm werner... lets hope for a better day all round today!
[09:24] <Risk> good morning, bonjour, goedemorgen, buongiorno, buenos dias, boker tov
[09:29] <+werner> tx sid, gm risk
[09:30] <jbuch> morning all
[09:30] <+Risk> news in 30 min
[09:31] <mo2t> gm all
[09:31] <+werner> gm jbuch
[09:31] <+werner> gm mo2t
[09:31] <+mo2t> gm werner
[09:33] <+jbuch> Long ES @ 1185.75
[09:34] <+Risk> gm werner, jb, sid, mo2t and EVERYBODY else
[09:36] <+jbuch> Exited all ES Long @ 1185.25 --> - 0.5
[09:39] <@wrbtrader> Shorts TF @ 696.70 -> small size
[09:39] <@wrbtrader> 3 only
[09:39] <JimL1> Shorts TF @ 696.8 «« simulator »»
[09:39] <+JimL1> 2
[09:40] <@wrbtrader> geeesh
[09:40] <+JimL1> Covered 1/2 TF Short @ 696. --> + 0.8 «« simulator »»
[09:40] <@wrbtrader> Covered all TF Short @ 697.50 --> - 0.8
[09:41] <+JimL1> 696.5 +.4
[09:41] <@wrbtrader> Long TF @ 697.70 -> small size
[09:41] <@wrbtrader> 3 only
[09:41] <+jbuch> Long ES @ 1186
[09:41] <+JimL1> Covered Remainder TF Short @ 697.3 --> - 0.5 «« simulator »»
[09:42] <@wrbtrader> another morning of chop
[09:42] <pat255> gm all
[09:43] <@wrbtrader> Exited all TF Long @ 696.90 --> - 0.8
[09:43] <+jbuch> Exited all ES Long @ 1185.25 --> - 0.75
[09:43] <@wrbtrader> these chop morning have been more frequent than normal since Easter...
[09:43] <@wrbtrader> Implying there's a change in the overall market conditions.
[09:44] <@wrbtrader> Something big will soon happen in the markets
[09:44] <@wrbtrader> Shorts TF @ 696.30 -> small size
[09:44] <@wrbtrader> 3 only
[09:45] <@wrbtrader> I hope it sets up a very nice trend day next week
[09:45] <+JimL1> tought o pick entry spots for the turns
[09:45] <+rickf> short es 1186 (late post) paper
[09:46] <@wrbtrader> volatility index just started ranging :(
[09:46] <+JimL1> Shorts TF @ 695.9 «« simulator »»
[09:46] <+JimL1> 1
[09:47] <+mo2t> late post - short YM 10891, exit 10891
[09:47] <+mo2t> no LL on YM
[09:47] <+JimL1> exit stop lowered TF @ 695.5 «« simulator »»
[09:48] <+JimL1> exit stop lowered TF @ 694.7 «« simulator »»
[09:49] <+rickf> exit 1/2 es 1183.75 +2.25 paper
[09:49] <+pat255> good catch M
[09:49] <+rickf> h4
[09:49] <+pat255> geez was thinking L
[09:49] <+JimL1> exit stop lowered TF @ 694.3 «« simulator »»
[09:50] <@wrbtrader> Covered all TF Short @ 693.80 --> + 2.5
[09:50] <+JimL1> exit stop lowered TF @ 641.1 «« simulator »»
[09:50] <+mo2t> nice wrbtrader
[09:50] <+JimL1> Trailing Stop Hit TF @ 641.1 --> + 54.8 «« simulator »»
[09:51] <@wrbtrader> I'm glad I didn't give up on that Short...
[09:51] <+rickf> exit es remainder 1184 +2 oaoer
[09:51] <+rickf> paper
[09:51] <@wrbtrader> I was bearish out of the gate but got stopped out quickly in the first short.
[09:51] <+pat255> & here was thinking L
[09:52] <@wrbtrader> Then I did an intuition Long and got stopped out of that one almost just as fast.
[09:52] <+JimL1> sorry for miscues, exit stop 694
[09:52] <@wrbtrader> Went back to the original short when price slid back through a key price area.
[09:54] <+mo2t> sometimes when I have the same signal on YM and NQ? I have a decision where to take the trade... and sometimes I choose wrong market, as now... YM is choppy, NQ nice short
[09:55] <@wrbtrader> mo2t...have you tried trading both at the same time or is that too much multi-tasking ?
[09:55] <@wrbtrader> I use to day trade (multiple trading instruments) at the same time...almost went insane :)
[09:57] <+werner> first i wil thank you all for the support yesterday(in special,wrbtrader and Risk) ..i saw what i did wrong yesterday,after reading the log(nice tool),i have set it in my rules and hopefully I make that mistake no more...I'm so a EMO FROG...Thanks guys!!!!
[09:57] <+Risk> :)
[09:57] <+mo2t> I take only one market at the same time when the signal is at the same moment. If not (more then few secs), I take the slower one, depend on other market moves
[09:58] <+Risk> news in 2
[09:58] <+rickf> EMO FROG? lol
[09:58] <@wrbtrader> Market is very psychotic today
[09:58] <+JimL1> now that's a move
[09:58] <+rickf> werner you *can* do it ... you've been here long enough and done okay to keep trying :)
[09:58] <+Risk> leak?
[09:58] <+werner> :))))))
[09:59] <+rickf> important thing is you're thinking and not forcing yourself, as i said. that puts you in a camp far beyond the average trader who forces themselves into failure
[09:59] <+jbuch> Long ES @ 1186.5
[10:00] <+werner> tx rickf
[10:00] <+rickf> ;)
[10:00] <+Risk> <iNews> 10:00ET US banks understate debt, masking risk: report [ AFP http://is.gd/blD9w ]
[10:01] <+Risk> wholesale inventories higher than exp
[10:01] <@wrbtrader> Long TF @ 697.40 -> medium size
[10:01] <@wrbtrader> 4 only
[10:01] <+JimL1> Long TF @ 697.3 «« simulator »»
[10:01] <+JimL1> 2
[10:02] <@wrbtrader> Big hammer line on TF 15 min chart and it bounced off a prior key change in supply/demand
[10:02] <+JimL1> Exited 1/2 TF Long @ 697.6 --> + 0.3 «« simulator »»
[10:03] * codehead_afk is now known as codehead
[10:03] <+JimL1> exit stop raised TF @ 697.9 «« simulator »»
[10:03] <@wrbtrader> tighten trail...pending news
[10:03] <+rickf> risk: I'm reminded of the Captain Kirk response to Spock, asking him to negotiate a treaty with the Klingons: "But you can't TRUST them!." Same with the big banks
[10:03] <+JimL1> exit stop raised TF @ 698.1 «« simulator »»
[10:04] <+JimL1> Trailing Stop Hit TF @ 698.1 --> + 0.8 «« simulator »»
[10:05] <+JimL1> Long TF @ 697.7 «« simulator »»
[10:05] <+JimL1> 1
[10:06] <+JimL1> Exited all TF Long @ 698.1 --> + 0.4 «« simulator »»
[10:08] <+JimL1> Shorts TF @ 698 «« simulator »»
[10:08] <+JimL1> 1
[10:08] <@wrbtrader> Exited all TF Long @ 697.70 --> + 0.3
[10:08] <@wrbtrader> punks
[10:10] <+JimL1> exit stop lowered TF @ 698.8 «« simulator »»
[10:10] <+JimL1> Trailing Stop Hit TF @ 698.8 --> - 0.8 «« simulator »»
[10:11] <@wrbtrader> Long TF @ 697.80 -> small size
[10:12] <@wrbtrader> 3 only
[10:12] <@wrbtrader> intuition
[10:12] <@wrbtrader> :(
[10:12] <+jbuch> Exited all ES Long @ 1187.75 --> + 1.25
[10:12] <+jbuch> oops forgot to hit ok
[10:13] <+Risk> yea right
[10:13] <+Risk> :)))))
[10:14] <+Risk> GJ is dropping.....
[10:14] <@X> #FuturesTrades Purpose -> 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
[10:17] <@wrbtrader> Exited all TF Long @ 698.00 --> + 0.2
[10:17] <@wrbtrader> sidelines...confused right now about the price action.
[10:17] <+codehead> shorted YM 10921 as soon as i got on
[10:18] <+codehead> but didn't really check out market, just shorted ahead of major res, pulled stop tight, out +8
[10:18] <+codehead> Ym facing a tough res, but maybe due to hit dow 11k, who knows
[10:18] <+jbuch> http://www.screencast.com/users/jbuch/f ... f0121e207d
[10:19] <+pat255> jb what tf chart it is? 1m
[10:20] <+jbuch> y
[10:20] <+pat255> ty
[10:21] <+jbuch> I was bullish and looking for a test of 88 from the open went to the bathroom and missed the reversal up :(
[10:21] <+werner> if some here use tradestation: i have a code that plots a dot if a wrb candle is forming.
[10:22] <+rickf> see jb you can't even go to the bathroom when trading....lol
[10:22] <+JimL1> Long TF @ 696.5 «« simulator »»
[10:22] <+JimL1> 1
[10:23] <+JimL1> exit stop raised TF @ 698.3 «« simulator »»
[10:23] <@wrbtrader> I understand the bounce off the intraday lows but that price action arfoujnd the 698 area is too confusing
[10:23] <@wrbtrader> arfoujnd = around
[10:23] <+JimL1> Trailing Stop Hit TF @ 698.3 --> + 1.8 «« simulator »»
[10:24] <+mo2t> NQ is retesting ress on 1983
[10:24] <+JimL1> stop @ 696.3 -0.3
[10:25] <+JimL1> Shorts TF @ 698.2 «« simulator »»
[10:25] <+JimL1> 1
[10:27] <+JimL1> exit stop lowered TF @ 697.9 «« simulator »»
[10:28] <+JimL1> Covered all TF Short @ 696.5 --> + 1.7 «« simulator »»
[10:28] <+werner> vn
[10:29] <+Risk> what is this?
[10:29] <@wrbtrader> Geeeesh...these guys can't make up their minds.
[10:29] <@wrbtrader> Eminis all over the place
[10:29] <+JimL1> couldn't
[10:29] <+jbuch> wow
[10:29] <+codehead> what was that
[10:29] <+codehead> dam, i knew i should re-enter YM too
[10:29] <+rickf> greece downgraded by fitch to BBB- outlook negative i think
[10:29] <+codehead> :-/
[10:30] <+JimL1> move targt while adjusting stop -so that wasn't planned lucky'
[10:30] <+rickf> if i heard the tos squawk news correctly
[10:32] <+Risk> jb just saw the name of the chart u posted :)))))
[10:32] <+jbuch> Shorts ES @ 1185
[10:32] <@wrbtrader> Usually the EurUsd forex currency and 6E futures drops on negative news about Greece and others.
[10:33] <+pat255> y
[10:33] <@wrbtrader> In contrast today, those two trading instruments are higher today.
[10:34] <Sidhartha> well, the news on Greece was more positive this morning
[10:34] <@wrbtrader> Shorts TF @ 696.60 -> small size
[10:34] <@wrbtrader> 2 only
[10:34] <@wrbtrader> intuition
[10:35] <@wrbtrader> crappy entry too :(
[10:35] <+Sidhartha> lots of shadows on YM
[10:35] <@wrbtrader> Needed that 697 to keep my patience
[10:36] <+jbuch> Covered all ES Short @ 1184.25 --> + 0.75
[10:37] <@wrbtrader> Covered all TF Short @ 697.30 --> - 0.7
[10:38] <@wrbtrader> Although we currently have this chop...the price action is bearish
[10:39] <@wrbtrader> Shorts TF @ 697.00 -> small size
[10:39] <@wrbtrader> 2 only
[10:39] <+codehead> one thing i learned is i have too many tick charts with too many indicators to keep up on moves like that
[10:40] <+codehead> they stalled
[10:40] <+codehead> i guess too many charts in general
[10:41] <+rickf> i am with 1 chart only ... less analysis paralysis :)
[10:41] <+werner> 97.70is todays open
[10:41] <+werner> 97.60
[10:42] <@wrbtrader> Covered all TF Short @ 697.60 --> - 0.6
[10:43] <+pat255> L 86 ES
[10:43] <+codehead> good idea
[10:44] <+codehead> i'm charting ES, NQ, YM with multiple charts, and some other (tick, dollar, oil, put/call...)
[10:45] <+codehead> 24 windows, just counted
[10:45] <+codehead> sheesh
[10:45] <+Sidhartha> crikey
[10:45] <+Sidhartha> i've got 12 and that's plenty to keep me busy
[10:46] <+codehead> some are buried and i only pull them up when i need big picture look
[10:46] <@wrbtrader> Long TF @ 698.50 -> medium size
[10:47] <@wrbtrader> 4 only
[10:47] <+codehead> short ES 1186.75 <paper>
[10:48] <+rickf> bbl ... gym and groceries.
[10:51] <@wrbtrader> 5th time it has failed to pushc through that level :(
[10:52] <+pat255> y cant push ...Es stuck too
[10:52] <+jbuch> Long ES @ 1186.5
[10:53] <@wrbtrader> Exited 3/4 TF Long @ 699.00 --> + 0.5
[10:54] <@wrbtrader> Exited Remainder TF Long @ 698.60 --> + 0.1
[10:54] <@wrbtrader> :(
[10:54] <+werner> Long NQ @ 1983.00
[10:55] <@wrbtrader> Just churning (making the broker happy) these recent 3 trades.
[10:55] <@wrbtrader> Taking a break...be back later.
[10:55] * wrbtrader is now known as wrbtrader_away
[10:56] <+werner> Exited all NQ Long @ 1981.50 --> - 1.5
[10:56] <+jbuch> Exited all ES Long @ 1185.5 --> - 1
[10:57] <+codehead> exit half +1.25 ES <paper>
[10:57] <+werner> Shorts NQ @ 1981.75
[10:58] <+werner> Covered all NQ Short @ 1980.50 --> + 1.25
[10:58] <+codehead> exit remainder ES +1.75 <paper>
[11:10] <+codehead> btw, Albert brooks trades with one chart: ES 5 min
[11:10] <+codehead> one indicator: 20 ema
[11:11] <+codehead> on his laptop
[11:12] <+codehead> on problem is have is my mentor made me quit Ym, because he didn't ahve the feed so didn't trade it
[11:12] <+codehead> and trade ES
[11:12] <+codehead> then had me do ES and NQ
[11:12] <+codehead> NQ i trade but it's somewhat maddening, terrible for stops
[11:13] <+codehead> so i added Ym
[11:13] <+codehead> now i have too many charts
[11:13] <+codehead> tho i havent' been trading ES lately, just Ym and NQ
[11:13] <+codehead> would have much better odds of getting an entry if i had my eyes on one thing
[11:14] <+codehead> too many times i get caught deciding, or i pick the wrong one
[11:14] * wrbtrader_away is now known as wrbtrader
[11:15] <+jbuch> Long ES @ 1186.5
[11:21] <+jbuch> I like al brooks I have read most of his stuff but all of his stuff is hindsight. on the few occasions that i have heard him try to predict what is coming up he has been wrong
[11:23] <+Sidhartha> jb, do you use anything you got from brooks...?
[11:23] <+Sidhartha> I have his book sitting on my desk... bar by bar... about to read
[11:27] <+jbuch> Exited all ES Long @ 1187.75 --> + 1.25
[11:27] <+jbuch> yeah learned a lot from AB
[11:28] <+jbuch> especially his futures articles
[11:29] <+jbuch> the basis of my plan is based upon hiskey elements
[11:32] <+codehead> Ym in a cluster res are, but dow too close to 11k to pass it up i think
[11:33] <+codehead> hiskey..gotta look that up, thx
[11:33] <+codehead> i found some of his articles online, downloaded, need to read
[11:33] <+codehead> thatnks for reminding me
[11:34] <+codehead> heading to vegas in a few hours, i'll load them on laptop
[11:34] <+codehead> in case i get time to read
[11:35] <+jbuch> playing some poker ?
[11:35] <+codehead> no, don't gmable
[11:36] <+codehead> gamble
[11:36] <+codehead> lol
[11:36] <+codehead> funny i've never had the slightest interest in gambling
[11:36] <+jbuch> me either
[11:36] <+codehead> did it once or twice to see--absolutely no feeling about it at all
[11:37] <+codehead> i guess the engineer in me, i know the odds, it's a losing proposition
[11:37] <+codehead> generally speaking
[11:37] <+jbuch> played poker for the first time in years a couple of weeks ago and had a blast though
[11:37] <+codehead> sure you can win in poker, playing against people
[11:37] <+codehead> or bj, if you tips the odds a little
[11:37] <+jbuch> emotionally it is just like trading
[11:38] <+codehead> seems it should be, but not to me
[11:38] <+codehead> much easier to put odds in your favor in trading
[11:38] <+codehead> in vegas, you look around and see what the losers built
[11:38] <+codehead> and it's pretty impressive
[11:39] <+codehead> so... "hiskey"... can you give me full name or somethign to look for?
[11:41] <@X> #FuturesTrades Purpose -> 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
[11:46] <+Risk> hiske = his key elements :)
[11:46] <+Risk> hiskey = his key
[11:47] <+Risk> [11:29:59] <jbuch> the basis of my plan is based upon hiskey elements
[11:47] <+Risk> jb is talking about AB;s key trading elements
[11:47] <+codehead> ic
[11:47] <+codehead> lol
[11:47] <+jbuch> ahh I was wondering what the hell that was
[11:48] <+Risk> I am down 150$ for the day REAL
[11:48] <+Risk> i guess yesterday's tiny gain was a teaser
[11:48] <+Risk> +10$
[11:48] <+codehead> Ym ran into the top of that cluster, wasn't sure if it would hold things, with dow tantalizingly close to 11k
[11:48] <+Risk> :)
[11:48] <+Risk> werner r u here?
[11:48] <+Risk> u r not alone
[11:49] <+codehead> which do you trade again?
[11:49] <+Risk> today was GC
[11:49] <+codehead> oh
[11:50] <+codehead> not sure if that's the best thing to deal with
[11:50] <+codehead> same with oil
[11:50] <+codehead> requires a lot of experience i think
[11:50] <+jbuch> do not trade counter trend until there is a move which is strong enough to break a down trendline
[11:51] <+jbuch> if there is a strong trend get on board
[11:52] <+jbuch> if the market is ranging fade breakouts
[11:52] <+codehead> jb what chart timeframe you trade?
[11:52] <+jbuch> 1 min
[11:52] <+codehead> thx
Image
[12:06] <+Sidhartha> jb... al brooks futures stuff is not part of his bar by bar book I assume...? If not, where could I find the stuff relevant to futures... cheers
[12:07] <+jbuch> it is all the same stuff just more of it in the book
[12:08] <+codehead> yeah, it's bar by bar book i have
[12:08] <+Sidhartha> ok cool
[12:08] <+codehead> haven't use it yet, but in general i think more about the obvious turn candle patterns
[12:09] <+codehead> i think i'm too distracted today, thinking about heading to vegas, passing on obvious trades, so i'll probably quit early and hit the road
[12:10] <+codehead> in an hour or so
[12:10] <+jbuch> so whats going on in vegas
[12:10] <+codehead> a lot of eating, some drinking
[12:10] <+codehead> at my favorite vodka bar
[12:10] <+codehead> gf taking me for bday weekend
[12:11] <+codehead> Aria
[12:11] <+jbuch> nice
[12:12] <+jbuch> 11 min ina 2 tick range
[12:13] <+codehead> yeah... knew Ym was at decent res, but 11k dow seems imminent
[12:13] <+codehead> still it had the most tradeable pb
[12:13] <+codehead> NQ ES not much movement
[12:14] <+codehead> NQ 5 min postntially toppy...
[12:15] <+codehead> but little pb on short frame signal weakness, could swing back up
[12:16] <+codehead> the thing is, on a long win streak like this, you have no retracements to find resistance
[12:16] <+codehead> you only have retracements as support
[12:16] <+codehead> so easier to find buyers than sellers
[12:19] <+werner> back
[12:19] <+Risk> :( winning in sim losing with live :(
[12:20] <+Risk> the diff is that in sim i am taking almost all the signals and in live I am selective
[12:20] <+Risk> I am selecting the loseres
[12:22] <+jbuch> Long ES @ 1188
[12:24] <+werner> risk...yes that is indeed annoying
[12:25] <+werner> real... muts mor selective
[12:25] <+Risk> werner sent u a pm
[12:25] <+werner> ok
[12:26] <+werner> muts= mutch
[12:27] <+werner> mutch=much
[12:27] <+werner> hihi
[12:27] <+Risk> :)
[12:27] <@wrbtrader> Whatever position size you're using in simulator...ensure you position size is LESS in live trading until you're able to adjust to live trading.
[12:28] <+Risk> I am using the same sizes to have a real feel to it but I agree with the idea
[12:28] <+Risk> thnks
[12:40] <+jbuch> Exited all ES Long @ 1187.5 --> - 0.5
[13:10] <+Sidhartha> There's always a problem
[13:11] <+Sidhartha> today's problem is that I failed to pull the trigger a few times because people in the room had counter positions on
[13:11] <+Sidhartha> this really is a psychological game... must learn to trust myself more!
[13:11] <@X> #FuturesTrades Purpose -> 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
[13:23] <+codehead> short NQ 1984.75 <paper>
[13:23] <+codehead> parting paper trade before bailing ;-)
[13:23] <+codehead> actually, NQ the one that's hanging around close
[13:28] <+codehead> exit NQ -.25 <paper>
[13:28] <+codehead> going to pack instead
[13:57] <+rickf> back
[14:01] <+rickf> sid - never trade based on what everyone else is doing
[14:01] <+rickf> how many times have JB and I been contra-traders with identical entries?
[14:03] <+rickf> gotta have conviction in your own analysis -- besides JB may look at a 1m chart, me at a 5m chart ... we both see different things
[14:03] <+rickf> we're all different ;)
[14:10] <+Risk> thank god 4 that :)
[14:10] <+Risk> it would be very boring if we would all be the same
[14:10] <+rickf> lol
[14:10] <+jbuch> Long ES @ 1186.5
[14:11] <+codehead> have a good weekend, folks
[14:11] <+codehead> see ya next week
[14:11] <+rickf> seeya
[14:11] <+rickf> slow afternoon 1M ES contracts moving as of 1410
[14:11] <+rickf> traders watching the masters i guess
[14:14] <+jbuch> Exited 3/4 ES Long @ 1187.25 --> + 0.75
[14:17] <+jbuch> tick fading like a champ
[14:17] <+jbuch> havemy exit on the final right below pivot risking a tick
[14:20] <+jbuch> right at the down trendline
[14:21] <+jbuch> poking above it just a weeeee lil bit
[14:26] <+jbuch> exit stop set ES @ 1186.75
[14:30] <+jbuch> Exited all ES Long @ 1187 --> + 0.5
[14:33] <+Sidhartha> rickf.... yes, that's the insane thing... I know that!
[14:33] <+JimL1> Long TF @ 698.7 «« simulator »»
[14:33] <+JimL1> 2
[14:33] <+Sidhartha> but I still bottled a decent entry because someone else had just gona different way
[14:33] <+Sidhartha> stupid
[14:35] <+rickf> i hear ya
[14:35] <+JimL1> Exited 1/2 TF Long @ 699 --> + 0.3 «« simulator »»
[14:38] <+werner> Long NQ @ 1986.00
[14:38] <+JimL1> Exited Remainder TF Long @ 698.9 --> + 0.2 «« simulator »»
[14:38] <+jbuch> Long ES @ 1187
[14:38] <+jbuch> 1 only
[14:40] <+werner> pullepulle
[14:41] <@X> #FuturesTrades Purpose -> 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
[14:43] <+werner> mm
[14:46] <+jbuch> exit at breakeven
[14:46] <+JimL1> sleeper, creeper; how do I trade yee , missed b/o
[14:46] <+rickf> yawwwn
[14:46] <+rickf> < - assembling tax paperwork instead
[14:47] <+werner> gjeez nq
[14:47] <+werner> djeez
[14:47] <+werner> nq fade
[14:50] <+JimL1> tf b/o into overhead/swng pt resistance @ ~700's; looking for a chance on retest of nfew support @ 699.3
[14:52] <+werner> damm nq
[14:53] <+jbuch> Exited all ES Long @ 1187.5 --> + 0.5
[14:53] <+jbuch> phewwwwwww
[14:55] <+JimL1> nyse tick back to 0, prices staying up =bullish
[14:56] <+jbuch> yup looks like it is about to pop
[14:57] <+werner> or drop ..lol
[14:57] <+jbuch> famous last words :)
[14:57] <+werner> :)
[14:58] <+JimL1> should be a little volatile as bond pits close for the wk @ 3:00
[14:59] <+rickf> last hour
[15:00] <+werner> Exited all NQ Long @ 1986.00 --> 0
[15:03] <+werner> Long NQ @ 1986.75
[15:03] <+jbuch> Long ES @ 1187.75
[15:06] <+werner> Exited all NQ Long @ 1986.00 --> - 0.75
[15:11] <+werner> Shorts NQ @ 1985.00
[15:12] <+jbuch> Exited all ES Long @ 1186.5 --> - 1.25
[15:14] <+jbuch> still looking long here
[15:14] <+jbuch> if we get back above 87.5 will try again
[15:15] <+werner> Covered NQ Short @ 1985.75 --> - 0.75
[15:15] <+werner> Reverse and Enter Long NQ @ 1985.75
[15:20] <+jbuch> jeeze what a crappy market
[15:20] <+werner> :((
[15:21] <+rickf> blerghh
[15:21] <+werner> lol
[15:26] <+jbuch> Long ES @ 1187.5
[15:28] <+jbuch> how many times will it knock on this door before it pops
[15:30] <+werner> Exited all NQ Long @ 1989.00 --> + 3.25
[15:30] <+werner> pfffff
[15:30] <+rickf> vn werner
[15:30] <+werner> tx :)
[15:33] <+Risk> u c - u can do it
[15:34] <+werner> :))
[15:34] <+Risk> did you get 2 the point of consistantly making $$$ in sim?
[15:34] <+Risk> sorry wrong window
[15:35] <+werner> ok
[15:36] <+jbuch> Exited all ES Long @ 1188.5 --> + 1
[15:37] <+jbuch> fighting for ticks
[15:37] <+werner> yep but it a plus :)
[15:39] <+werner> its
[15:42] <+rickf> meh. gonna call it early quits today.
[15:42] <+rickf> have a good w/e everyone -- see you next week
[15:44] <+jbuch> well at least I was right to ge out
[15:46] <+jbuch> crap there it goes
[15:46] <+jbuch> target was at 89.75
[16:11] <@X> #FuturesTrades Purpose -> 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
[16:11] <+werner> good weekend all
Session Close: Fri Apr 09 20:16:10 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

Commonly discussed trading instruments from futures, exchange traded funds and forex currencies:

Image CME Emini Futures EMD, ES and NQ

Image ICE Emini TF Futures (formerly CME ER2)

Image CBOT mini-sized Dow Futures YM

Image Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50

Image Eurex Fixed Income Derivatives (futures) BUND, BOBL and Schatz

Image Euronext Futures FTSE-100 and CAC-40

Image CME Futures EuroFX 6E and EC

Image Treasury Futures T-Notes ZT, ZN, ZF and T-Bonds ZB

Image Forex Currencies GBPUSD, EurUsd, EurYen and UsdCdn

Image Exchange Traded Funds BGU, DIA, FAS, FAZ, GLD, IWM, QQQQ, SPY, OIH, TNA and XLE

Image NYMEX Energy Futures Light Crude Oil CL, e-miNY QM and Natural Gas NG

Image COMEX Metal Futures Gold GC, mini-Gold YG, Copper HG and Silver SI

Image Hang Seng Index Futures HSI and mini-Hang Seng MHI

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 or http://stocktwits.com/wrbtrader

Phone: +1 708 572-4885
Business Hours: 8am - 5pm est (Mon - Fri)
Skype Messenger: kebec2002
questions@thestrategylab.com
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