#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
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trading tips that may or may not help with your trading.
Therefore, we welcome all traders with their own methods or different perspective of the markets as long as they do not violate our
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: Wed Apr 28 08:11:04 2010
Session Ident: #FuturesTrades
[08:11] * Now talking in #FuturesTrades
[08:11] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[08:13] * Looking up
ygiant user info...
[08:22] <@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[09:20] <rickf>
[09:31] <pat255>
all
[09:33] <drt>
[09:35] <xtractor> buys TF 723.2
[09:37] <+xtractor> sells TF 725.3 +2.1
[09:37] <+pat255> good start
[09:38] <+xtractor> tx
[09:40] <+xtractor> shorts TF 725.6
[09:41] <+xtractor> covers TF 724.5 +1.1
[09:45] <+xtractor> 725.4 pivot but needs to take out 726.20 DT
[09:46] <+xtractor> 1187.5 pivot es
[09:46] <Risk> what do you mean by PIVOT
[09:46] <+Risk> r u refering 2 the most recent PEAK and TROUGH?
[09:47] <+xtractor> important level...draw the lines on your charts and you will see the levels
[09:48] <+xtractor> price action around those #s
[09:48] <+Risk> ok. we just call the same thing by different names
[09:49] <@wrbtrader> Shorts TF @ 725.60 -> medium size
[09:50] <@wrbtrader> 4 only
[09:50] <+Risk> 726.2 DT on TF from the pre market. I c that.1189.75 for ES
[09:50] <@wrbtrader>
[09:51] <+Risk> 722.4 lower PIVOT
for TF which is a tad lower than the pre market open @ 8AM
[09:51] <+xtractor> shorts TF 725.2
[09:51] <@wrbtrader> Covered all TF Short @ 724.80 --> + 0.8
[09:52] <+pat255> vn N
[09:52] <+xtractor> covers TF 724.1 +1.1
[09:52] <@wrbtrader> Shorts TF @ 724.20 -> small size
[09:52] <@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[09:52] <@wrbtrader> 3 only
[09:53] <@wrbtrader> Covered all TF Short @ 725.00 --> - 0.8
[09:54] <@wrbtrader> Shorts TF @ 724.70 -> medium size
[09:54] <@wrbtrader> 4 only
[09:55] <+xtractor> whippy
[09:56] <@wrbtrader> Covered 3/4 TF Short @ 723.30 --> + 1.4
[09:57] <+xtractor> buys TF 722.4
[10:03] <+rickf> short es 1183.50
[10:04] <+rickf> early entry by choice
[10:06] <kosmipt>
all
[10:11] <+rickf> exit es 1182,25 +1.25
[10:12] <+rickf> still looking lower
[10:13] <@wrbtrader> Covered Remainder TF Short @ 720.20 --> + 4.5
[10:13] <+rickf> vn
[10:15] <@wrbtrader> Long TF @ 721.90 -> small size
[10:15] <@wrbtrader> 2 only
[10:16] <+kosmipt> nice trading wrbtrader
[10:16] <+rickf> indeed
[10:16] <+kosmipt> what a great volatility on TF
[10:16] <@wrbtrader> Exited all TF Long @ 723.10 --> + 1.2
[10:17] <@wrbtrader> thanks guys
[10:17] <@wrbtrader> the increasing volatility is making it very easy so far
[10:17] <+rickf> yeah -- feels nice
[10:22] <@wrbtrader> I'm surprised with the volatility so far considering we had a "huge" volatility day yesterday and today is an FOMC Announcement this afternoon.
[10:22] <@wrbtrader> Simply, I thought this morning would be a lot more quieter.
[10:23] <@wrbtrader> kind'uv like taking a "rest" after yesterday and before this afternoon "intensity" in trading
[10:23] <+rickf> i missed the major move yesterday (watching Goldmanapalooza) but my existing shorts were kind of happy
[10:23] <@wrbtrader> xtractor said it best yesterday..."I'm exhausted".
[10:24] <+kosmipt> wrbtrader do you feel better trading the TF rather than ES?
[10:24] <@wrbtrader> Always have...TF is primary for me while ES has always been secondary
[10:24] <+rickf> do you think it's back to ER2 levels of action now?
[10:26] <@wrbtrader> If you're using volume for comparison...
[10:26] <@wrbtrader> Charts show NO
[10:27] <@wrbtrader> More volume back then
[10:27] <+rickf> while i don't trade off the DOM it just seems like the TF is still quite jumpy ... twitchy
[10:27] <+rickf> moreso than the ES i think
[10:28] <@wrbtrader> However, if you're using volatility for comparison...
[10:28] <@wrbtrader> Still NO.
[10:28] <+kosmipt> but its still the most volatile of all minis
[10:28] <+kosmipt> maybe NQ comes close
[10:28] <@wrbtrader> However, the ER2 back then wasn't doing better than NQ and YM.
[10:28] <@wrbtrader> Now it is.
[10:29] <@wrbtrader> In terms of volatility.
[10:29] <+rickf> news in 1 min
[10:29] <+xtractor> I equated the ER to a wild bronoc, ER volume used to average around 250k with many days of 300-350k however I remember trading ER when 25k was a big day
[10:30] <@wrbtrader> Back then...almost 40% of my trading days per month were "big profits".
[10:30] <@wrbtrader> Now its around 12% per month are big profit days
[10:31] <+rickf> with barely 100K contracts, it's almost like the TF is a "little corner" of the market for folks to trade in
[10:31] <@wrbtrader> just a rough guess
[10:31] <+xtractor> i stopped trading ER in sept 08 when it moved to ICE and only recently started trading it again a few months ago
[10:31] <@wrbtrader> ICE has been advertising TF more since the late fall 2009.
[10:32] <@wrbtrader> It's also bringing aboard new Russell products schedule for release next month.
[10:32] <@wrbtrader> Thus, Russell is getting a lot more attention lately.
[10:32] <+xtractor> it lost most of it's volume to YM when it switched to ICE
[10:32] <+rickf> huh. i missed that announcement
[10:33] <+kosmipt> but still TF volume bigger than YM
[10:33] <+xtractor> it is now but only recently
[10:34] <+xtractor> they are introducing Russell 1000 Growth and Value Index Mini Futures
[10:35] <+rickf> okay....wonder how light that volume will be!
[10:35] <+xtractor> lol yes
[10:37] <+xtractor> buys TF 720.2
[10:39] <+rickf> short es 1183.25
[10:40] <+xtractor> sells part TF 721.2 +1
[10:41] <@wrbtrader> TF all over the map today
[10:41] <+xtractor> sells part TF 722.2 +2
[10:41] <+xtractor> indeed strange look chart
[10:41] <+pat255> vn X
[10:41] <+xtractor> looking
[10:46] <+rickf> exit es 1183.75 -..50 (late)
[10:46] <+rickf>
[10:47] <+xtractor> sells all TF 722.3 +2.1
[10:48] <+pat255> vn X
[10:49] <@wrbtrader> agree
[10:50] <@wrbtrader> we only get a few trading days like yesterday and today (so far) per month.
[10:50] <@wrbtrader> Gotta exploit them whenever they appear because they only show up a few times each month
[10:50] <+pat255> y
[10:53] <+xtractor> buys TF 720.8
[10:58] <+xtractor> sells TF 721.2 +0.4
[11:02] <+pat255> X just wanted to c where u take entries ..if possible can u post a chart sometime ..thks
[11:06] <+pat255> guys when u take S u look for a red bar after the push up?
[11:08] <+xtractor> shorts TF 723.8
[11:13] <+xtractor> covers TF 723.5 +0.3
[11:20] <+pat255> they pushing it up
[11:20] <+xtractor> sorry pat i do not post charts...my candles are color coded with proprietary algorisms so they do not represent normal candlestick colors...best advice is to design your own system so you know it inside and out and most important, keep it simple!
[11:22] <+pat255> k ..thks
[11:22] <@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[11:24] <+xtractor> shorts TF 724.4
[11:28] <@wrbtrader> geeesh
[11:28] <@wrbtrader> falling off the cliff again
[11:28] <@wrbtrader> swing traders must be going nuts today
[11:28] <JimL1> volumes drastically reduced on DOM?
[11:31] * codehead_afk is now known as codehead
[11:31] <+xtractor> covers TF 721.3 +3.1
[11:32] <+xtractor> news driven
[11:33] <+xtractor> es/tf holding above recent swing lows
[11:38] <+xtractor> broke
[11:38] <@wrbtrader> Long TF @ 718.70 -> small size
[11:38] <@wrbtrader> 3 only
[11:40] <@wrbtrader> Exited 2/3 TF Long @ 719.80 --> + 1.1
[11:40] <@wrbtrader> geeesh
[11:41] <@wrbtrader> crazy price action
[11:41] <+xtractor> yes getting crazy
[11:41] <@wrbtrader> Exited Remainder TF Long @ 721.00 --> + 2.3
[11:42] <monkeytrader> who has a trading plan here?
[11:42] <@wrbtrader> most traders have a trading plan
[11:43] <@wrbtrader> However, applying it is a different story
[11:43] <+monkeytrader>
[11:43] <+monkeytrader> i'm doing mine now
[11:43] <+monkeytrader> i really wonder if most traders have one though
[11:44] <+xtractor> 1. enter trade 2. close your eyes 3. pray
[11:44] <+Risk>
))
[11:44] <+Risk> I am wondering ; where is all the money that individual traders make coming from?
[11:45] <+Risk> other individual traders or institutions?
[11:45] <+monkeytrader> probably both
[11:46] <+xtractor> mt...i think most traders realize after losing money that the only way to be sucessful in trading is to have a detailed trading and business plan but as wrb stated following it is another story
[11:46] <+monkeytrader> who here has a trading plan and follows it?
[11:48] <+Risk> i have but for some reason when trading live I don't follow it
[11:48] <+Risk> in sim I do
[11:48] <+Risk> go figure
[11:48] <+monkeytrader> are you more successful in sim or live
[11:49] <+Risk> who r u asking?
[11:49] <+monkeytrader> you
[11:49] <+Risk>
[11:49] <+Risk> you mean????
[11:50] <+Risk> R= risk, x=xtractor and so on
[11:50] <+monkeytrader> Risk: i guess i am asking, are you more successful when you follow the plan or not
[11:50] <+Risk> YES
[11:50] <+Risk> definately
[11:50] <+monkeytrader> so what do you think prevents you from following it when you trade in your real account?
[11:51] <+Risk> for the past few months if I pay attention I make a few 100$ everyday trading only 2 contracts (If I lose it is small amount)
[11:52] <+Risk> [11:51:02] <monkeytrader> so what do you think prevents you from following it when you trade in your real account? this is the 64K$ question
[11:53] <+Risk> I heard intervies with very educated people who said that they catch themselves doing stuff against their rules and they don't stop
[11:53] <+monkeytrader> hehe
[11:53] <+monkeytrader> its like compulsive lying
[11:53] <+Risk> it is almost as if I am possessed
[11:53] <+monkeytrader> you know its wrong but you still keep doing it
[11:54] <+Risk> I make sure not to lie (a crazy principal of mine) but I thik I understand what u said
[11:54] <+xtractor> that's why i do not believe in sim trading unless you are trying a new platform or new contract...many others do recommend it but that's my opinion...i can make $$$millions sim trading
[11:55] <+Risk> it seems that you make K's live also X
[11:55] <+Risk> but I agree
[11:55] <+Risk> one should trade live
[11:55] <+Risk> to get their feet wet
[11:55] <+xtractor> we all have issues with the discipline to follow our rules...no one is immune from it
[11:56] <+xtractor> and if you ask a trading psychologist, it all stems from our childhood
[11:56] <+Risk> the question is why do we follow other rules without a problem but in trading , where $$ is on the line , we don't
[11:57] <+Risk> maybe
[11:57] <+xtractor> because we are taught to win in life and the best traders learn to how lose
[11:58] <+Risk>
??
[11:59] <+Risk> I remember that my parents wanted me 2 get a degree b/c that would ensure a good stable job.
[11:59] <+Risk> they should have taught me 2 b an entrepreneur
[12:00] <+xtractor> it's always mommy and daddy's fault!
[12:00] <+Risk> in 2day's economy education is no guaranty for a good job or that u won't b fired
[12:00] <+Risk> I am not blaming any 1
[12:00] <+Risk> I am glad that I got my degree
[12:01] <+Risk> it is just that instead of telling me 2 b carefull I think it would have been much more usefull if occationally they would have said TAKE A RISK
)
[12:01] <+Risk> which I toiok anyway
[12:01] <+Risk> toiok=took
[12:02] <+Risk> and that is why I am here. Taking a risk
[12:02] <+xtractor> parents are protective of their children
[12:03] <+Risk> not all parents
[12:03] <+Risk> but in general u r right
[12:06] <@wrbtrader> Anyone else having problems with the FTCHAT Support Forum @
http://www.thestrategylab.com/ftchat/forum/ [12:06] <@wrbtrader>
??
[12:08] <+xtractor> the page loads for me
[12:08] <@wrbtrader> Ok...good
[12:09] <@wrbtrader> The problem is fixed
[12:09] <+Risk> ok here 2
[12:09] <@wrbtrader> I accidentally inserted the wrong code...it was down for 20mins or so
[12:09] <@wrbtrader> had to upload last nights backup
[12:12] <+pat255> N cud I ask Q..on S entry?
[12:12] <+pat255> do u look for a red bar on 1m 2m chart for the netry ..
[12:12] <werner> hi all
[12:13] <+pat255> or 2 red bars?
[12:13] <@wrbtrader> what's "S entry"
[12:13] <+pat255> sorry Short entry
[12:13] <+pat255> i hesitate ..& miss
[12:13] <@wrbtrader> [12:12] <+pat255> do u look for a red bar on 1m 2m chart for the netry ..
[12:14] <@wrbtrader> If you're asking me do I use "single intervals" to determine short or long...
[12:14] <@wrbtrader> the answer is no
[12:15] <+pat255> U still look at WRB for your trades
[12:16] <@wrbtrader> I look at WRB to tell me to "prepare" to look for a trade...a trade that may come seconds or minutes or longer later
[12:16] <@wrbtrader> Simply, WRB only tell me it's not a good time to walk away from the computer.
[12:16] <+pat255> i c
[12:17] <@wrbtrader> Thus, WRB all by itself is not a trade signal
[12:17] <+pat255> looks S here ..
[12:18] <@wrbtrader> pat255, on FOMC Announcement trading day...the toughest price action to trade is between 12noon - 2:15pm est
[12:19] <+pat255> yes ...just trying to paper trade to c & confirm the setup
[12:20] <+pat255> work a little bit
[12:21] <+pat255> well tagged the entry
[12:45] <+Risk> [12:19:07] <wrbtrader> pat255, on FOMC Announcement trading day...the toughest price action to trade is between 12noon - 2:15pm est >> isn't this time bracket difficult regardless of the FOMC announcment?
[12:49] <@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[12:55] <+codehead> hm, ok i'm officially chicken, shorted YM 10994, it stalled there at 95 so i took 2 ticks
[12:56] <+codehead> instead of leaving by stop over 11k
[12:56] <+codehead> 11k is a 1-1
[12:56] <+codehead> wanted to be short close to that, but action a little weird i think
[12:56] <+codehead> and my longer frame hasn't turned down yet
[12:57] <+codehead> shorter frame toppy
[12:57] <+codehead> only part about it making be nervous is one of my indicators is bottoming, could reverse up
[13:09] <+codehead> short ES 10999 <paper> 15 tick stop
[13:09] <+codehead> at 7 ticks i look for exit, jsut want to manage this
[13:09] <+codehead> mixed signals
[13:13] <+codehead> exit half YM +6 <paper>
[13:13] <+codehead> stop on remainder b/e -4
[13:15] <+codehead> that's b/e -3 <paper>
[13:25] <+codehead> mkt may jsut be too slow right now
[13:26] <+codehead> exit YM +13 <paper>
[13:26] <+codehead> remainder
[13:30] <+codehead> that 11k res was right on--only got a tick past it
[13:30] <+codehead> helps that it was also a psych level
[13:33] <+monkeytrader> what are the TF trading hours? Sun 8:00pm CST - 6:00pm CST?
[13:35] <+Risk> mt no offence but why don't u look it up in the ICE website
[13:35] <+Risk>
[13:35] <+monkeytrader> well i'm just wondering if there is a 15min break like the other futures
[13:36] <+Risk> same answer
[13:36] <+monkeytrader>
[13:36] <+codehead> lol
[13:36] <+codehead> i think it's the same
[13:37] <+codehead> but haven't traded TF, used to trade ER2
[13:39] <+monkeytrader> tbh, the ice website is very vague
[13:40] <+monkeytrader> NEW YORK
[13:40] <+monkeytrader> 8:00p-6:00p*
[13:40] <+monkeytrader> 20:00-18:00
[13:41] <+codehead> 6pm NY time sunday
[13:41] <+codehead> (trading begins)
[13:43] <+codehead> hm
[13:43] <+monkeytrader> thanks
[13:43] <+monkeytrader> and a mon-fri break from 1800-2000 EST
[13:43] <+codehead> i think that site is wrong
[13:44] <+codehead> others say sun-Fri 8pm-6pm
[13:45] <+monkeytrader> ill check my chart lol
[13:45] <+Risk> how is this relevant? Did you look @ the trading vol outside RTH?
[13:46] <+monkeytrader> its not like i am trading massive volumes
[13:46] <+Risk> if 1 is a good trader (which I am not) 1 can make enough $$ in 2-3 hours
[13:47] <+codehead> btw, full moon
[13:47] <+Risk>
)
[13:47] <+Risk> now THAT IS important
[13:47] <+xtractor> yes moonrise was beautiful last night
[13:48] <+xtractor> MT look at the bid/ask in ah on TF huge holes and big spreads
[13:49] <+Risk> what he said. forgot the spread outside of RTH and the fact that you can sit 4 hours and price does not move
[13:49] <+monkeytrader> trading hours for TF - 24 hours a day, EXCEPT Fri 1800-Sun 1800, and Mon-Thurs 1800-2000
[13:50] <+monkeytrader> yes i understand that volumes are lower, spreads are wider outside of normal trading hours
[13:50] <+monkeytrader> thanks
[13:51] <+Risk> you remind me of me when i wanted to get up @ 2am EST to trade Forex
[13:51] <+Risk> what a crazy idea
[13:51] <+monkeytrader> lol
[13:51] <+monkeytrader> i dont want to do that
[13:51] <+monkeytrader> i just want to know for when i need to travel
[13:52] <+Risk> I cannot make moeny during the day let alone in Zomby state in the middle of the night
[13:52] <+Risk> and I cannot type - moeny=money
[13:52] <+Risk> but on the bright side, I am making $$ in sim which was not the case 6 months ago
[13:53] <+xtractor> i've seen 2pt+ spreads ...that will kill your trading
[13:54] <+codehead> funny, TF hours are different about everywhere i check
[13:54] <+codehead> lol
[13:54] <+codehead> IB has 1800-2359 sun, 2000-2359 others
[13:54] <+monkeytrader> well yeah, slippage is bad, but at the end of the day it depends on your trade strategy right? if you are trading higher timeframes then should it matter when your order gets filled?
[13:54] <+codehead> cept fri 0000-2359--typo/
[13:54] <+codehead>
[13:54] <+monkeytrader> hehe yeah i checked IB
[13:55] <+monkeytrader> that was the worst info of the lot
[13:55] <+codehead> yeah, looks like it
[13:55] <+monkeytrader> its what i said before
[13:55] <+monkeytrader> trading hours for TF - 24 hours a day, EXCEPT Fri 1800-Sun 1800, and Mon-Thurs 1800-2000
[13:55] <+monkeytrader> bloody slackarses at ICE
[13:55] <+codehead> strange, my friend trades it every day, he says it closes 2 hours
[13:56] <+monkeytrader> incl sat?
[13:56] <+codehead> no
[13:56] <+codehead> i jsut read the "24 hours a day"
[13:56] <+monkeytrader> ah ok
[13:56] <+xtractor> trading hours should be the least of your concern along with getting trading advice from chat rooms
[13:56] <+codehead> not sure what you meant by 24 hours
[13:57] <+monkeytrader> all good
[13:57] <+Risk> how often do u travel?
[13:58] <+monkeytrader> Sunday 1800-2359, Monday=Thurs 0000-1800, 2000-2359, Friday 0000-1800
[13:58] <+monkeytrader> not much, but i'm currently living in canada but this is not my home. my home is in australia
[13:59] <+Risk> where in Canada?
[13:59] <+monkeytrader> toronto
[13:59] <+Risk> me 2
[13:59] <+monkeytrader> cool
[13:59] <+monkeytrader> where in toronto
[13:59] <+Risk> Yonge & Eglinton
[14:00] <+Risk> u?
[14:14] <+rickf> bak
[14:14] <+xtractor> no change
[14:15] <@wrbtrader> Long TF @ 722.90 -> small size
[14:16] <@wrbtrader> 2 only
[14:16] <+rickf> nochange
[14:17] <@wrbtrader> Exited all TF Long @ 722.30 --> - 0.6
[14:18] <+xtractor> subdued reaction
[14:19] <+pat255> y
[14:19] <+rickf> shouldnt be a reaction i dont think
[14:19] <+rickf> no change, market is on-edge this week anyway
[14:19] <+rickf> let's see the last hour
[14:19] <@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[14:20] <@wrbtrader> support failure
[14:20] <+kosmipt> wheres the news?
[14:20] <+rickf> what news?
[14:21] <+kosmipt> there's been no immediate reaction to fomc news lately
[14:21] <+kosmipt> on fed days
[14:21] <+rickf> cuz there's no change in policy
[14:21] <+rickf>
[14:21] <+rickf> watch when they raise rates
[14:21] <+Risk> TICK is on crack
[14:21] <+rickf> THAT will be a fun trade
[14:22] <@wrbtrader> Long TF @ 722.70 -> small size
[14:22] <@wrbtrader> 3 only
[14:22] <+JimL1> very thin volume on DOM, commercials on sidelines?
[14:22] <+kosmipt> they turn off liquidity providing algorithms around news releases
[14:24] <+xtractor> short TF 723.8
[14:26] <+rickf> ppl prolly thinking "oh goodie, we have another 2 months of free liquidity from uncle sam"
[14:30] <@wrbtrader> Exited 2/3 TF Long @ 723.50 --> + 0.8
[14:30] <@wrbtrader>
[14:30] <+kosmipt> expecting a selloff into the close
[14:30] <+xtractor> cover TF 722.8 +1
[14:30] <+kosmipt> just intuition
[14:30] <+xtractor> part
[14:30] <+rickf> kos: me too
[14:32] <@wrbtrader> I'm a little surprised with the declining volatility after the announcement...
[14:32] <@wrbtrader> It must be preparing to spike here soon (up or down)
[14:34] <+kosmipt> looks like a bull trap on ES
[14:37] <@wrbtrader> I just became bearish
[14:37] <+rickf> ES looks weak to me too
[14:38] <+rickf> a break below 1187 would have me short on an 'instinct' trade breakout to the downside
[14:38] <+Risk> tf dt 725
?
[14:38] <@wrbtrader> Shorts TF @ 723.70 -> medium size
[14:38] <@wrbtrader> 4 only
[14:39] <+kosmipt> volatility spike soon
[14:41] <@wrbtrader> Covered all TF Short @ 723.80 --> - 0.1
[14:41] <@wrbtrader> thieves
[14:41] <+pat255> still refuse to go down
[14:42] <+Risk> beautiful flag on ES
[14:43] <+pat255> what tf risk?
[14:43] <+Risk>
?
[14:43] <+kosmipt> actually its 50/50 now
[14:43] <+pat255> timeframe of chart
[14:43] <+Risk> oh. 1min
[14:43] <+kosmipt> but i'm still biased to the downside with the retest of the lows
[14:44] <+pat255> k ty
[14:45] <+Risk> there she goes
[14:45] <+Risk> a trap
[14:45] <@wrbtrader> Shorts TF @ 723.70 -> medium size
[14:45] <@wrbtrader> 4 only
[14:47] <@wrbtrader> tighten stop...price action just changed
[14:48] <@wrbtrader> trailin @ profit
[14:48] <+Risk> nice trap at the end of the flag
[14:48] <+xtractor> cover part TF 722.8 +1
[14:49] <+pat255> man u guys have guts to trade TF
[14:49] <+rickf> i used to ... when it was ER2, before I came here, I did the ER2
[14:49] <+rickf> it was a nail-biter
[14:49] <+pat255> yup
[14:49] <+rickf> but you want to have real fun, go sim trade the DAX
[14:49] <+rickf> the DAX = TF on major crack
[14:49] <+pat255> geez look at n & x
[14:49] <+rickf> and the HSI is the DAX on major crack
[14:49] <+rickf> lol
[14:50] <Hen> lol
[14:50] <@wrbtrader> Covered 1/2 TF Short @ 722.40 --> + 1.3
[14:51] <@wrbtrader> ;(
[14:51] <@wrbtrader> I just got bullish while short
[14:51] <+Hen> I'd be happy with the profit
[14:52] <@wrbtrader> Covered all TF Short @ 723.00 --> + 0.7
[14:54] <@wrbtrader> Long TF @ 723.40 -> small size
[14:54] <@wrbtrader> 3 only
[14:55] <@wrbtrader> this is a GREED trade considering I've reached my profit goal for the day...trade not needed nor the size of the trade.
[15:00] <@wrbtrader> Exited 2/3 TF Long @ 724.50 --> + 1.1
[15:03] <@wrbtrader> Exited Remainder TF Long @ 723.80 --> + 0.4
[15:10] <+xtractor> cover part TF 722.8 +1
[15:31] <+codehead> this is wacky: to get $SPX and $VIX non-delayed on my quote sheet in esignal, i need to add for $2 a month
[15:32] <+codehead> however, if i bring up a 1-min chart of either, it's clearly not delayed
[15:32] <+codehead> only delayed on the quote sheet
[15:32] <+codehead> i asked abotu it, the guy seemed ot think is whould be delayed on my charts too
[15:33] <+codehead> so i guess i should shut up and be happy
[15:33] <+kosmipt> wow what a chop
[15:37] <+xtractor> yes too much chop suey!
[15:42] <+xtractor> cover all TF 721.4 +2.4
[15:44] <+pat255> vn
[15:45] <+kosmipt> finally we sell off into close
[15:45] <+xtractor> lol...there's the drop i was looking for
[15:46] <+kosmipt> with 15 mins left in the day they finally remembered its a fed day after all
[15:46] <@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[15:47] <@wrbtrader> Shorts TF @ 720.90 -> small size
[15:47] <@wrbtrader> 1 only
[15:48] <@wrbtrader> trailing @ profit
[15:48] <+kosmipt> niiice
[15:48] <+kosmipt> here we go
[15:48] <+kosmipt> 718 retest the lows
[15:50] <@wrbtrader> Big WRB on 5min chart...time to look for an exit
[15:50] <+kosmipt> i still think we retest those intraday lows
[15:52] <@wrbtrader> Covered TF Short @ 719.70 --> + 1.2
[15:52] <+kosmipt> nice late trade wrbtrader
[16:03] <@wrbtrader> counter-thrust back upwards came out of nowhere
[16:03] <+rickf> oh wow - missed a ton of chats; my client didn't scroll. lol
[16:07] <+codehead> HPQ buys PALM
[16:12] <+rickf> they've been in play for a long time ... was either get bought or die
[16:12] <+rickf> anyway -- off for the wed chat....see you tomorrow!
[16:14] <+werner> ajax...are you from holland??
[16:15] <+Risk> he seems 2 b from the states
[16:15] <ajax> Seattle
[16:15] <+Risk>
[16:15] <+Risk> detective work
[16:16] <+ajax>
[16:16] <+ajax> ex Canuck maskarating as a Yank
[16:17] <+Risk> then u r special
[16:17] <+ajax> lol
[16:17] <+ajax> only when have a Blue, ehhh ...
)
[16:17] <+werner> ok..ajax is a dutch Football team
[16:18] <+Risk> Ajax is a city near Toronto
[16:18] <+werner> lol
[16:18] <+ajax> y, know.....they must be good...
)
[16:18] <+Risk> it is also a cleaner brand
[16:18] <+ajax> grew up in Toronto
[16:18] <+werner> yes the best in holland
[16:18] <+Risk>
)))
[16:18] <+ajax> groovy
[16:19] <+ajax> best warrior in the Trojan war, next to Achilles....
[16:19] <+werner> canada have a lot off dutch names
[16:19] <+ajax> ya, see allot of "Tulip" towns....
[16:20] <+werner>
[16:20] <+ajax> only kidding...lol
[16:20] <+Risk> Ajax (mythology), son of Telamon, ruler of Salamis and a hero in the Trojan War, also known as "Ajax the Great"
[16:20] <+ajax> hey, my guy....
)
[16:20] <+Risk> if I don't learn how 2 trade here, atleast I gain general knowledge
[16:20] <+ajax> lol
[16:21] <+Risk> werner c pm
[16:22] <+werner> yes
[16:29] <+werner> wow nice goal barcalona /intermilan
[16:29] <+werner> 1/0
[16:29] <+werner> barcelona
[16:31] <+werner> spanje/italie
[16:32] <+werner> gn all
[17:16] <@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: Wed Apr 28 21:34:26 2010
-------------------------
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