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Posted by M.A. Perry
Trader and Founder of
WRB Analysis (wide range body analysis)
------------------------
Session Start: Fri Apr 16 07:03:02 2010
Session Ident: #FuturesTrades
[07:03] * Now talking in #FuturesTrades
[07:03] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[08:24] <@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[08:38] <rickf>
[09:05] <gabe> mmichael777
[09:29] <drt>
everyone
[09:32] <@wrbtrader> Wow
[09:32] <pdays> Long TF @ 721.7
[09:32] <@wrbtrader> My data is screwed up.
[09:32] <@wrbtrader> I have the TF going higher and the IWM going lower...
[09:32] <@wrbtrader> what the fuck
[09:32] <@wrbtrader>
??
[09:32] <@wrbtrader> SPY dropping like a rock too
[09:33] <+rickf> TF is 722.8
[09:33] <+rickf> down .30
[09:33] <+pdays> Exited all TF Long @ 722.7 --> + 1
[09:34] <@wrbtrader> That's not possible...ETF of the index to be dropping while the Eminis are going higher.
[09:34] <@wrbtrader> I've never seen this before.
[09:34] <+rickf> weird
[09:36] <+drt> data congestion, this happens quite a bit down here.. far away from server.
[09:37] <@wrbtrader> Now everything is catching up to each other...almost in synce the ETF with the Eminis
[09:37] <JimL1> Shorts TF @ 722.1 «« simulator »»
[09:37] <+JimL1> 2
[09:37] <@wrbtrader> Maybe I had some data congestion
[09:37] <+JimL1> Covered all TF Short @ 721.9 --> + 0.2 «« simulator »»
[09:37] <+JimL1> mishandled stop & tageed
[09:39] <@wrbtrader> Long TF @ 722.20 -> medium size
[09:39] <@wrbtrader> 4 only
[09:41] <@wrbtrader> Exited all TF Long @ 722.30 --> + 0.1
[09:42] <Risk> news in 8 min
[09:42] <@wrbtrader> Shorts TF @ 721.20 -> medium size
[09:42] <@wrbtrader> 4 only
[09:43] <@wrbtrader> Reminder of my Comments later afternoon yesterday...
[09:43] <@wrbtrader> I'm expecting a "strong directional price movement" this morning.
[09:44] <@wrbtrader> I don't care what direction...I just want to be on it part of the ride
[09:44] <+JimL1> Shorts TF @ 721.3 «« simulator »»
[09:44] <+JimL1> 2
[09:44] <[1]luffy> sup guys
[09:44] <+Risk> expect and want r 2 different things
[09:46] <@wrbtrader> Covered 3/4 TF Short @ 719.10 --> + 2.1
[09:46] <pat255>
late
[09:46] <+pat255> vn N
[09:46] <+JimL1> Covered 1/2 TF Short @ 719.2 --> + 2.1 «« simulator »»
[09:47] * [1]luffy is now known as luffy
[09:47] <+JimL1> exit stop lowered TF @ 720.1 «« simulator »»
[09:48] <+JimL1> targt tagged b4 i could move , too fast
[09:49] <+pat255> geez missed the S late start
[09:49] <+luffy> tf seem really nice
[09:49] <+luffy> i'mma start lookin at it too
[09:50] <+JimL1> exit stop lowered TF @ 719.4 «« simulator »»
[09:51] <@wrbtrader> TF found some support
[09:51] <+JimL1> exit stop lowered TF @ 719.2 «« simulator »»
[09:51] <@wrbtrader> However, it's a 1.2 range support
[09:51] <+JimL1> Trailing Stop Hit TF @ 719.2 --> + 2.1 «« simulator »»
[09:53] <@wrbtrader> In a few minutes...the price will began reacting to the pending Consumer Sentiment Report
[09:53] <+pat255> thks
[09:53] <@wrbtrader> It's a big report (well followed)
[09:54] <@wrbtrader> Along with the "Inflation" part
[09:54] <@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[09:54] <jbuch> morning everyone
[09:55] <@wrbtrader> geeesh
[09:56] <@wrbtrader> Covered Remainder TF Short @ 717.90 --> + 3.3
[09:57] <+pat255> vvn
[09:57] <@wrbtrader> Shorts TF @ 717.90 -> small size
[09:57] <@wrbtrader> 2 only
[09:57] <@wrbtrader> intuition
[09:57] <@wrbtrader> in reaction to prior trade
[09:57] <+jbuch> Shorts ES @ 1201.25
[09:58] <@wrbtrader> Covered all TF Short @ 717.10 --> + 0.8
[09:58] <@wrbtrader> Anybody in here from Europe able to see the "Volcanic Ash" in the sky that's causing chaos with the airlines (it's big news)
??
[09:59] <+jbuch> Covered all ES Short @ 1200.75 --> + 0.5
[09:59] <@wrbtrader> I think Sidhartha is in Englan
[09:59] <@wrbtrader> England
[09:59] <xtractor> long ES 1200.5
[09:59] <+pat255> y
[10:02] <+xtractor> lonf TF 717.5
[10:05] <+xtractor> out part ES 1205.5 +2
[10:05] <+jbuch> nice xtr
[10:06] <+xtractor> out part ES 1203.5 +3
[10:06] <@wrbtrader> nice
[10:07] <+JimL1> lost data; rebooting system now, what a bummer when things are moving
[10:08] <@wrbtrader> Yeah...I've recently had data problem days where I missed some very good price action...resulting in very small profits for the day.
[10:09] <+JimL1> Shorts TF @ 718.5 «« simulator »»
[10:09] <+JimL1> 1
[10:11] <+xtractor> out part TF 718.5 +1
[10:11] <+JimL1> Shorts TF @ 718.6 -> Add «« simulator »»
[10:11] <+JimL1> 1
[10:12] <+JimL1> Covered 1/2 TF Short @ 718.2 --> + 0.4 «« simulator »»
[10:12] <+JimL1> Covered all TF Short @ 718.9 --> - 0.4 «« simulator »»
[10:13] <@wrbtrader> TF bounced off the 718.10 support
[10:13] <@wrbtrader> If it retraces and falls through it...I'll be Short again
[10:13] <+jbuch> Long ES @ 1202.5
[10:13] <+JimL1> Long TF @ 718.91 «« simulator »»
[10:13] <+JimL1> 1
[10:14] <+JimL1> exit stop raised TF @ 718.1 «« simulator »»
[10:14] <+xtractor> out part TF 719.5 +2
[10:15] <+JimL1> exit stop raised TF @ 719.2 «« simulator »»
[10:16] <+xtractor> out part TF 720.5 +3
[10:17] <+xtractor> out all ES 1204.5 +4
[10:18] <+codehead> YM gap fill
[10:19] <+xtractor> out all TF 721.5 +4
[10:19] <+jbuch> Exited 1/2 ES Long @ 1205.5 --> + 3
[10:20] <+JimL1> if it only move like this a few times week - we could survive
[10:20] <+jbuch> yes
[10:20] <+JimL1> exit stop raised TF @ 721 «« simulator »»
[10:21] <+jbuch> if it did this more would not need to supplement my income
[10:21] <+JimL1> Trailing Stop Hit TF @ 721 --> + 2.09 «« simulator »»
[10:22] <+jbuch> have my stop below 1204 and targeting 1208 for my last
[10:22] <+jbuch> BRB
[10:23] <+JimL1> Long TF @ 721.1 «« simulator »»
[10:23] <+JimL1> 1
[10:23] <+codehead> Ym nearly hit yesty high
[10:23] <+xtractor> short TF 721.3
[10:23] <@wrbtrader> This guy had a great month in trading Gold @
http://www.elitetrader.com/vb/attachmen ... id=2805748[10:25] <+JimL1> Exited all TF Long @ 720.8 --> - 0.3 «« simulator »»
[10:25] <+xtractor> cover part TF 720.3 +1
[10:25] <+JimL1> Shorts TF @ 721 «« simulator »»
[10:26] <+JimL1> Shorts TF @ 721.1 «« simulator »»
[10:26] <+JimL1> Shorts TF @ 721.3 -> Add «« simulator »»
[10:26] <+JimL1> 1
[10:28] <+JimL1> Covered 1/3 TF Short @ 720.6 --> + 0.7 «« simulator »»
[10:29] <@wrbtrader> Shorts TF @ 720.90 -> small size
[10:29] <@wrbtrader> 1 only
[10:29] <+xtractor> cover all TF 720.8 +0.5
[10:29] <@wrbtrader> Covered TF Short @ 720.80 --> + 0.1
[10:30] <@wrbtrader> didn't like what I saw after entry
[10:30] <+JimL1> Covered Remainder TF Short @ 720.9 --> + 0.2 «« simulator »»
[10:30] <+JimL1> roger that WRB
[10:30] <+JimL1> houdini escape for me
[10:31] <@wrbtrader> Long TF @ 721.50 -> small size
[10:31] <@wrbtrader> 2 only
[10:31] <+JimL1> wow blst off
[10:31] <+JimL1> blast
[10:32] <@wrbtrader> 2 more ticks and I'm at a profit area
[10:32] <@wrbtrader> tighten trail
[10:32] <+JimL1> i can't analzye & reload that fast
[10:33] <+xtractor> short TF 722.1
[10:33] <@wrbtrader> trailing @ profit
[10:34] <@wrbtrader> Exited all TF Long @ 721.70 --> + 0.2
[10:35] <+xtractor> hey guys...just curious what stops you use for TF?
[10:36] <+jbuch> CONFLICTED HERE THIS IS A ZONE THAT i SHOULD BE LOOKING FOR SHORTS BUT WE HAD SUCH NICE MOMENTUM COMING UP to test the opening highs that I think we will test above them
[10:36] <+xtractor> cover part TF 721.1 +1
[10:36] <+pat255> vn
[10:37] <+jbuch> Exited all ES Long @ 1203.75 --> + 1.25
[10:37] <+jbuch> wow
[10:37] <@wrbtrader> -3 emergency hard stop upon entry and -1 point mental stop...usually exiting a loser prior to the mental stop because I usually can tell if it's a stinker by -0.8
[10:37] <+xtractor> cover part TF 720.1 +2
[10:38] <@wrbtrader> Shorts TF @ 719.90 -> small size
[10:38] <@wrbtrader> 2 only
[10:38] <+jbuch> Shorts ES @ 1201.75
[10:38] <+jbuch> something happened
[10:38] <+xtractor> cover part TF 719.1 +3
[10:39] <@wrbtrader> Covered all TF Short @ 718.60 --> + 1.3
[10:39] <+JimL1> wow what a move, missed it all
[10:39] <+jbuch> only 1 on this
[10:39] <@wrbtrader> A lot of volatility today...strong contrast to the prior few trading days.
[10:39] <+rickf> GS charged with FRAUD
[10:40] <+rickf> implicated in Galleon case
[10:40] <@wrbtrader> it's about time
[10:40] <+xtractor> cover all TF 718.1 +4
[10:40] <+rickf> GS down 15 points in 2 secs
[10:40] <+pat255> vvn
[10:40] <@wrbtrader> in reference to GS
[10:40] <@wrbtrader> Shorts TF @ 718.00 -> small size
[10:40] <+rickf> yeah really
[10:40] <@wrbtrader> 2 only
[10:41] <+xtractor> long TF 718.3
[10:41] <@wrbtrader> Covered all TF Short @ 718.60 --> - 0.6
[10:41] <+JimL1> every trading day GS commits fraud & abuse
[10:41] <+rickf>
http://www.marketwatch.com/story/goldma ... _news_stmp[10:42] <+rickf> SEC statement:
http://sec.gov/news/press/2010/2010-59.htm[10:42] <@wrbtrader> Long TF @ 720.00 -> medium size
[10:42] <@wrbtrader> 4 only
[10:43] <@wrbtrader> oh oh...volatility starting to dry up
[10:43] <@wrbtrader> Exited all TF Long @ 719.60 --> - 0.4
[10:44] <+xtractor> exit all TF 719.3 +1
[10:45] <+xtractor> thanks for the stop #s wrb...I generally use 1.5-2 pt stops for TF 3-4 for ES
[10:47] <+rickf> and the funny thing is i was lookign at options on that company earlier this morning, wondering if i'd get a big enough move on it. lol
[10:47] <@wrbtrader> Long TF @ 719.70 -> medium size
[10:47] <@wrbtrader> 4 only
[10:47] <@wrbtrader> intuition
[10:47] <+xtractor> entering chop zone here imo
[10:48] <+JimL1> Shorts TF @ 719.3 «« simulator »»
[10:48] <@wrbtrader> Exited all TF Long @ 719.30 --> - 0.4
[10:48] <+JimL1> 2
[10:48] <@wrbtrader> exact same trade in similar area
[10:49] <+JimL1> Covered 1/2 TF Short @ 718.4 --> + 0.9 «« simulator »»
[10:49] <@wrbtrader> 2 point range just developed
[10:49] <+rickf> wow, paulson implicated in this too
[10:49] <+rickf> so much for the greatest trade ever?
[10:50] <@wrbtrader> Shorts TF @ 717.70 -> large size
[10:50] <+JimL1> exit stop lowered TF @ 718.5 «« simulator »»
[10:50] <@wrbtrader> 5 only
[10:50] <+xtractor> April 19th major turn date...funny how news coincides with these dates
[10:50] <+rickf> yeah
[10:51] <@wrbtrader> geeesh
[10:51] <+rickf> wonder if GS "going down" would be the straw that breaks the market's back
[10:51] <+rickf> anyway ... back in a bit
[10:51] <+JimL1> exit stop lowered TF @ 717 «« simulator »»
[10:51] <+xtractor> long TF 716.4
[10:52] <@wrbtrader> Covered all TF Short @ 717.10 --> + 0.6
[10:52] <+JimL1> Covered TF Short @ 717 --> + 2.3 «« simulator »»
[10:52] <+JimL1> Reverse and Enter Long TF @ 717 «« simulator »»
[10:52] <+JimL1> 1
[10:52] <+jbuch> this could be the begining of a significant down move
[10:52] <@wrbtrader> early exit...data stall
[10:52] <werner>
all...
[10:52] <+xtractor> exit part TF 717.4 +1
[10:53] <@wrbtrader> Shorts TF @ 716.80 -> small size
[10:53] <@wrbtrader> 3 only
[10:53] <+jbuch> wish I had more than 1
[10:53] <+jbuch> hard not to take it here
[10:53] <+JimL1> 10-4 JB, but we just follow the trend & see where we end up when the dust settles no bias
[10:54] <+JimL1> Exited all TF Long @ 716.5 --> - 0.5 «« simulator »»
[10:54] <+xtractor> exit all TF 716.5 +0.1 on stop
[10:54] <+JimL1> i should of re-resverves
[10:55] <+xtractor> long TF 715
[10:55] <+jbuch> Covered all ES Short @ 1194.25 --> + 7.5
[10:55] <@wrbtrader> Covered all TF Short @ 716.00 --> + 0.8
[10:55] <+xtractor> exit part TF 716 +1
[10:57] <@wrbtrader> Volcanic Ash, Consumer Sentiment and GS Fraud seems to be the key today with the volatility
[10:57] <+xtractor> exit part TF 717 +2
[10:57] <@wrbtrader>
[10:58] <+JimL1> Long TF @ 717 «« simulator »»
[10:58] <+JimL1> 2
[10:59] <+jbuch> loving that GS fraud
[10:59] <+jbuch> like to see of those pricks do some hard time
[11:00] <+xtractor> exit all TF 717.5 +2.5
[11:00] <+JimL1> Exited 2/3 TF Long @ 715.5 --> - 1.5 «« simulator »»
[11:00] <+JimL1> Exited all TF Long @ 717.3 --> + 0.3 «« simulator »»
[11:03] <+JimL1> Shorts TF @ 717.8 «« simulator »»
[11:03] <+JimL1> 2
[11:03] <+JimL1> Covered 1/2 TF Short @ 717.5 --> + 0.3 «« simulator »»
[11:03] <+JimL1> Covered Remainder TF Short @ 717.6 --> + 0.2 «« simulator »»
[11:04] <+JimL1> Long TF @ 717.8 «« simulator »»
[11:04] <+JimL1> Exited all TF Long @ 718 --> + 0.2 «« simulator »»
[11:04] <@wrbtrader> So far today...each time the range tighten and volatility dramatically drop...
[11:05] <@wrbtrader> Big volatility spikes showed up with follow-through
[11:05] <@wrbtrader> Lets see if it can do it again
[11:06] <+pat255> n looking for S?
[11:06] <@wrbtrader> Oil and Gold got their butt kicked too so far today
[11:08] <@wrbtrader> pat...I would like to see TF get above 719 or below 716 before I look for another trade
[11:08] <+pat255> k ty
[11:08] <+xtractor> the GS news gave everyone a good excuse to sell...traders were waiting for something
[11:08] <+JimL1> Shorts TF @ 717.5 «« simulator »»
[11:08] <+JimL1> 2
[11:09] <+JimL1> Covered 1/2 TF Short @ 717 --> + 0.5 «« simulator »»
[11:10] <+JimL1> exit stop lowered TF @ 717.2 «« simulator »»
[11:10] <+jbuch> Shorts ES @ 1194.75
[11:10] <+jbuch> super late to the party here
[11:11] <+jbuch> had a double leg up that broke the down trendline
[11:12] <+jbuch> so don't really trust a short here
[11:12] <+xtractor> long ES 1194.25
[11:13] <+JimL1> ADD breaking below swng low
[11:13] <+JimL1> try & hold shorts
[11:14] <@wrbtrader> It sliced right through 716
[11:15] <@wrbtrader> Shorts TF @ 715.10 -> small size
[11:15] <+xtractor> out all ES 1192 -2.25
[11:15] <@wrbtrader> 3 only
[11:15] <@wrbtrader> shorting near the intraday lows
[11:15] <+JimL1> Shorts TF @ 714.7 -> Add «« simulator »»
[11:15] <+JimL1> 2
[11:15] <@wrbtrader> On a range day...that's a tough trade to manage
[11:16] <@wrbtrader> Much easier on a high volatility trading day like today
[11:16] <+xtractor> long ES 1189.5
[11:16] <+JimL1> Covered 1/3 TF Short @ 714.9 --> - 0.2 «« simulator »»
[11:16] <+JimL1> 713.9
[11:17] <+jbuch> Covered all ES Short @ 1190.25 --> + 4.5
[11:17] <@wrbtrader> Covered 2/3 TF Short @ 713.50 --> + 1.6
[11:17] <+JimL1> Covered 2/3 TF Short @ 713.2 --> + 4.3 «« simulator »»
[11:17] <+jbuch> what a day
[11:17] <+JimL1> 713.4
[11:18] <@wrbtrader> Yeah...like pre 2008 trading conditions
[11:18] <@wrbtrader> We don't get too many day like this since the start of 2009
[11:18] <+jbuch> moved my stop way to tight there
[11:18] <+JimL1> exit stop lowered TF @ 714.1 «« simulator »»
[11:18] <@wrbtrader> Got to grab them by the balls when they appear because they don't appear often
[11:19] <+xtractor> long TF 713.6
[11:19] <+jbuch> thats the hard part being aggressive and going big when it is moving and you are profitable
[11:19] <@wrbtrader> Covered Remainder TF Short @ 712.30 --> + 2.8
[11:19] <+jbuch> u wanna bail when ur up
[11:20] <+jbuch> or at least I do
[11:20] <+JimL1> exit stop lowered TF @ 713.4 «« simulator »»
[11:21] <@wrbtrader> The big thing I like about today...all key markets are in sync with lots of volatility.
[11:21] <@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[11:21] <@wrbtrader> Thus, whatever it is that's causing all this volatility...it's got the attention of "everybody".
[11:22] <+JimL1> Covered TF Short @ 713.1 --> + 4.4 «« simulator »»
[11:22] <+JimL1> Reverse and Enter Long TF @ 713.1 «« simulator »»
[11:22] <+JimL1> 2
[11:22] <+JimL1> Exited 1/2 TF Long @ 713.6 --> + 0.5 «« simulator »»
[11:23] <+jbuch> this down move has covered the last 2 days up move in an hour
[11:23] <+JimL1> Exited all TF Long @ 713.4 --> + 0.3 «« simulator »»
[11:24] <+JimL1> trade error movrd trailing stop 2 ticks too far
[11:25] <+xtractor> exit all TF 714.6 +1
[11:25] <+xtractor> exit all ES 1190.5 +1
[11:25] <+pat255> vn
[11:28] <+xtractor> tx
[11:30] <+xtractor> short TF 714.8
[11:31] <+xtractor> cover part TF 713.8 +1
[11:34] <+jbuch> I betcha we form a wedge here for a while and and then move further down
[11:34] <+JimL1> Shorts TF @ 713.9 «« simulator »»
[11:34] <+JimL1> 1
[11:35] <@wrbtrader> TF now in an channel downwards
[11:35] <@wrbtrader> Trendline folks must be loving today
[11:35] <+xtractor> cover all TF 713.8 +1
[11:37] <@wrbtrader> Take a look at OIH today @
http://charts.quote.com/cis/qc?cont=OIH ... ader=false[11:38] <@wrbtrader> Here's GLD @
http://charts.quote.com/cis/qc?cont=GLD ... ader=false[11:38] <+JimL1> Covered TF Short @ 713.4 --> + 0.5 «« simulator »»
[11:38] <+JimL1> Reverse and Enter Long TF @ 713.4 «« simulator »»
[11:39] <+JimL1> Exited all TF Long @ 714.1 --> + 0.7 «« simulator »»
[11:40] <+JimL1> Shorts TF @ 713.5 «« simulator »»
[11:41] <+JimL1> 2
[11:46] <+JimL1> Covered 1/2 TF Short @ 712.8 --> + 0.7 «« simulator »»
[11:46] <+JimL1> exit stop lowered TF @ 713 «« simulator »»
[11:47] <+JimL1> Trailing Stop Hit TF @ 713 --> + 0.5 «« simulator »»
[11:48] <+Risk> gs down 13%
[11:48] <@wrbtrader> Shorts TF @ 712.50 -> small size
[11:48] <@wrbtrader> 1 only
[11:48] <+jbuch> WRB just checking out that guys profit statment that u posted earlier
[11:49] <+jbuch> thats amazing
[11:49] <+Risk> i can do that in PhotoShop
[11:49] <+Risk> even better
[11:49] <+Risk>
)
[11:49] <@wrbtrader> Covered TF Short @ 712.30 --> + 0.2
[11:50] <+JimL1> Shorts TF @ 712 «« simulator »»
[11:50] <+JimL1> 2
[11:50] <+JimL1> Covered 1/2 TF Short @ 711.7 --> + 0.3 «« simulator »»
[11:50] <@wrbtrader> Be back later...can't ignore the hunger any more...got to eat.
[11:50] <+xtractor> almost 2 million ES
[11:50] * wrbtrader is now known as wrbtrader_away
[11:50] <+jbuch> over a hundred trades I would say and just 4 or 5 small loses
[11:51] <+xtractor> long TF 710.5
[11:52] <+xtractor> risky
[11:52] <+jbuch> dangit dicking around should have been short from 90
[11:52] <+rickf> gold prolly tanking out of fears paulson will liquidate his gold positions
[11:53] <+JimL1> Covered all TF Short @ 710.8 --> + 1.2 «« simulator »»
[11:53] <+xtractor> today's news gave everyone a reason to take profits
[11:53] <+rickf> perhaps
[11:54] <+JimL1> Long TF @ 710.8 «« simulator »»
[11:54] <+JimL1> Exited 1/2 TF Long @ 711.2 --> + 0.4 «« simulator »»
[11:55] <+JimL1> Exited Remainder TF Long @ 711 --> + 0.2 «« simulator »»
[11:56] <+xtractor> exit part TF 711.5 +1
[12:00] <+jbuch> Shorts ES @ 1187
[12:01] <+rickf> DJ: China To Adopt Floating Exchange Rate System
[12:01] <+xtractor> out all TF 710.6 +.01
[12:03] <+xtractor> we are down to the extremes...me smell a bounce a comin'
[12:03] <+pat255> y
[12:03] <+jbuch> Covered all ES Short @ 1186.25 --> + 0.75
[12:03] <+xtractor> long TF 710.1
[12:06] <+xtractor> lol..I have a big cushion from this mornings trades
[12:07] <+xtractor> we may just chop around here through lunch
[12:08] <+jbuch> Long ES @ 1186.25
[12:08] <+JimL1> tf 3x bottom touch
[12:09] <+JimL1> Long TF @ 710.1 «« simulator »»
[12:09] <+JimL1> 2
[12:09] <+JimL1> Exited 1/2 TF Long @ 710.6 --> + 0.5 «« simulator »»
[12:10] <+jbuch> Exited all ES Long @ 1187.75 --> + 1.5
[12:10] <+pat255> vn
[12:11] <+jbuch> thanks
[12:11] <+xtractor> exit part TF 711.1 +1
[12:11] <+JimL1> Exited all TF Long @ 710.8 --> + 0.7 «« simulator »»
[12:14] <+rickf> okay lunch .. bbinabit
[12:16] <+JimL1> Long TF @ 710.4 «« simulator »»
[12:16] <+JimL1> 2
[12:17] <+JimL1> 710.8
[12:17] <+JimL1> Exited all TF Long @ 710.11 --> - 0.29 «« simulator »»
[12:17] <+xtractor> exit part TF 711.1 +1
[12:18] <+Risk> where r u from X?
[12:18] <+JimL1> 711.1
[12:18] <+xtractor> Mars
[12:19] <+Risk> that's far
[12:19] <+pat255> X do u use any stop on TF?
[12:20] <+Risk> don't u have latency problems with your broker?
[12:20] <+JimL1> this sideways now @ 710,5 pivot going to lunch
[12:20] <+xtractor> pat i posted my stops earlier...do a search
[12:21] <+pat255> k ...
[12:21] <+xtractor> no rick do you?
[12:22] <+Risk> I am not on Mars
)
[12:22] <+xtractor> hahaha!
[12:22] <+Risk> 12ms last i checked
[12:25] <+xtractor> exit all TF 711.6 +1.5 time for lunch
[12:30] * wrbtrader_away is now known as wrbtrader
[12:37] <@wrbtrader> Shorts TF @ 708.60 -> small size
[12:37] <@wrbtrader> 1 only
[12:37] <@wrbtrader> trade error
[12:38] <@wrbtrader> Covered TF Short @ 708.20 --> + 0.4
[12:38] <@wrbtrader> Houdini
[12:38] <@wrbtrader>
[12:39] <@wrbtrader> was trying to cancel that and got short
[12:44] <@wrbtrader> Long TF @ 709.60 -> small size
[12:44] <+rickf> back
[12:44] <@wrbtrader> 3 only
[12:45] <@wrbtrader> Exited 2/3 TF Long @ 710.70 --> + 1.1
[12:51] <@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[12:51] <@wrbtrader> 710 is a weak support
[12:52] <+jbuch> Long ES @ 1186
[12:55] <@wrbtrader> Exited Remainder TF Long @ 711.30 --> + 1.7
[12:58] <+jbuch> Exited all ES Long @ 1187.75 --> + 1.75
[13:01] <+Risk> i am doing very well on sim 2day but u guys r taking my real $$$
[13:10] * Looking up Jacktheripper user info...
[13:16] <+rickf> short es 1187.50
[13:18] <@wrbtrader> Shorts TF @ 711.60 -> small size
[13:18] <@wrbtrader> 1 only
[13:19] <@wrbtrader> Covered TF Short @ 711.10 --> + 0.5
[13:20] <+rickf> exut es 1187.25 +.25
[13:20] <+Risk> today's volume is HUGH. Is this the beginning of the correction or not? what do u think?
[13:20] <+rickf> jeezus 2.6M ES contracts
[13:21] <+rickf> if we close well into the red i think it is a sign of a trend change
[13:21] <+Risk> Jan 21 had a similar pattern
[13:21] <+rickf> if they don't buy it up like they usually do
[13:21] <+rickf> was going to set some swing-trade shorts but want to see how we close
[13:42] <+rickf> sucks to be an option trader today ... talk about having the rug pulled out from under you
[13:48] <+codehead> yeah, i thought some SPY put i bought wednesday had a chance, but decided to take a $50 loss, getting out exaclty at early mkt low
[13:49] <+codehead> but, would have done real well, that were 121 puts
[13:49] <+codehead> they
[13:50] <+rickf> i plan to buy some June ES put verticals at the close today ... depending on how the day goes
[13:50] <+rickf> Asia hasn't traded this news yet, I think Sun night will be ugly
[13:51] <+rickf> and btw I am out all next week teaching ... so gone for the next 5 days of fun.
[14:04] <+rickf> why am i always stuck in the classroom when the market becomes tradable? it just dawned on me.
[14:09] <+Risk> what r u teaching?
[14:09] <+rickf> incident management for computer security folks
[14:18] <+xtractor> dip buyers started at 2pm
[14:21] <@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[14:45] <+codehead> NQ tapped .500 again
[14:49] <+JimL1> back now for some action
[14:52] <+rickf> wow.... reportedly GS sold 1000 big SP futs earlier today before news broke.
[14:52] <+rickf> i heard a big # of them moved last evening, perhaps it was related?
[14:52] <+rickf> should make for interesting investigative journalism in comign weeks
[14:52] <+codehead> ES top was .382
[14:53] <+xtractor> gs was told of the charges before they were made public...hows that for legal insider trading
[14:54] <+rickf> no kidding
[14:56] <+xtractor> they made more money on the trade than the fine will
[14:56] <+xtractor> will be
[15:00] <+JimL1> re: Can anybody believe that GS didn't know what was coming dwn from the feds??? this whole up move probably was driven for them to unload
[15:02] <@wrbtrader> Shorts TF @ 713.50 -> small size
[15:02] <@wrbtrader> 3 only
[15:02] <+rickf> no kididng
[15:02] <+JimL1> GS is the most wired in company in the world, historically they've made money in every move in every direction
[15:04] <+rickf> even the pit guys are saying GS was insider-trading today
[15:04] <+rickf> verrrry interesting
[15:05] <+rickf> either they were smart or am letting their arrogance get the better of them
[15:05] <+rickf> 3 million ES contracts moved so far today
[15:05] <+JimL1> Shorts TF @ 713.2 «« simulator »»
[15:06] <+JimL1> Covered all TF Short @ 712.8 --> + 0.4 «« simulator »»
[15:07] <@wrbtrader> Covered all TF Short @ 713.00 --> + 0.5
[15:07] <@wrbtrader>
[15:08] <+JimL1> Shorts TF @ 713.2 «« simulator »»
[15:08] <+JimL1> 11
[15:08] <+codehead> i managed to take another loss today, despite shorting YM 5 ticks form hod :-/
[15:09] <+codehead> big problem is i was up late, so took a nap, came in during the big dump and chased too many trades, then had to trail stops on the good ones, got little out of big moves
[15:09] <+codehead> a repeat of yesterday
[15:09] <+JimL1> Covered all TF Short @ 712.8 --> + 0.4 «« simulator »»
[15:09] <+codehead> when i have a bad day, i tend to repeat the next day, need to work on that
[15:10] <+codehead> Ym got support at the breakout, as expected
[15:10] <@wrbtrader> Long TF @ 713.70 -> small size
[15:10] <@wrbtrader> 2 only
[15:11] <@wrbtrader> Price action is jumpy since I got back
[15:11] <+JimL1> Long TF @ 713 «« simulator »»
[15:11] <+JimL1> 2
[15:12] <@wrbtrader> Exited all TF Long @ 713.00 --> - 0.7
[15:12] <+JimL1> Exited all TF Long @ 712.9 --> - 0.1 «« simulator »»
[15:14] <+JimL1> i should have been move patient with tf there & houdinied out
[15:16] <+JimL1> Long TF @ 713 «« simulator »»
[15:16] <+JimL1> 2
[15:16] <+JimL1> Exited 1/2 TF Long @ 713.3 --> + 0.3 «« simulator »»
[15:17] <+JimL1> Exited Remainder TF Long @ 713.2 --> + 0.2 «« simulator »»
[15:36] <+JimL1> Long TF @ 712.6 «« simulator »»
[15:36] <+JimL1> 2
[15:37] <+JimL1> Exited 1/2 TF Long @ 713 --> + 0.4 «« simulator »»
[15:37] <+JimL1> Exited Remainder TF Long @ 712.8 --> + 0.2 «« simulator »»
[15:38] <@wrbtrader> geeesh...still choppy
[15:38] <+JimL1> trade error on using wrong trling stop - too quick
[15:39] <@wrbtrader> Long TF @ 714.00 -> small size
[15:39] <@wrbtrader> 3 only
[15:45] <@wrbtrader> Exited 2/3 TF Long @ 715.50 --> + 1.5
[15:45] <+JimL1> on cue Bernanke & the plunge proctection team ride in to rescue
[15:46] <@wrbtrader> Exited Remainder TF Long @ 715.10 --> + 1.1
[15:46] <+JimL1> nice trade WRB
[15:46] <+codehead> Ym hit the .500 i mentioend earlier
[15:46] <+codehead> within a tick anyway
[15:47] <+codehead> it's options day
[15:47] <+codehead> i don't think PPT has much to do with this
[15:47] <+rickf> they gotta bring the numbers back up so they can close option positions for less of a loss
[15:47] <+rickf> today's action caught everyone off guard i think
[15:49] <+JimL1> agreed CH (PPT & Option manipulators are the same players funds are different sources)
[15:51] <@wrbtrader> Today is TAX day in U.S.
[15:51] <@wrbtrader> What a day
[15:51] <+JimL1> Shorts TF @ 714.4 «« simulator »»
[15:51] <+JimL1> 1
[15:51] <@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[15:52] <+JimL1> Shorts TF @ 714.7 «« simulator »»
[15:52] <+JimL1> Covered 1/2 TF Short @ 714 --> + 0.7 «« simulator »»
[15:53] <+JimL1> Covered Remainder TF Short @ 714.4 --> + 0.3 «« simulator »»
[15:54] <+JimL1> Shorts TF @ 714.1 «« simulator »»
[15:55] <+JimL1> exit stop lowered TF @ 713.9 «« simulator »»
[15:55] <@wrbtrader> Shorts TF @ 713.50 -> small size
[15:56] <@wrbtrader> 2 only
[15:56] <@wrbtrader> testing the low of a prior key area
[15:56] <+JimL1> Shorts TF @ 713.6 -> Add «« simulator »»
[15:56] <+JimL1> 1
[15:57] <+JimL1> Covered 1/2 TF Short @ 713 --> + 0.6 «« simulator »»
[15:57] <@wrbtrader> Covered all TF Short @ 713.20 --> + 0.3
[15:57] <+JimL1> Covered Remainder TF Short @ 713.6 --> + 0.5 «« simulator »»
[15:58] <@wrbtrader> I've doubled my number of average trades today...
[15:58] <@wrbtrader> Tough to stay on the sidelines with all this good volatility
[15:59] <@wrbtrader> Too bad it was chopping between 2:20pm - 3:35pm est
[16:01] <+codehead> yesterday tax day
[16:13] <+rickf> have a good w/e -- see you in a week
[16:18] <@wrbtrader> Hoped all enjoyed the volatility today because there's a good chance we'll go back to that prior crappy price action...
[16:19] <@wrbtrader> Unless there's more surprises with the GS stuff.
[16:21] <@wrbtrader> Take care all and have a good weekend.
[16:21] * wrbtrader is now known as wrbtrader_away
[16:31] <+werner> gn all
[17:21] <@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/forumSession Close: Fri Apr 16 17:42:16 2010
-------------------------
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