#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 Apr 29 09:21:39 2010
Session Ident: #FuturesTrades
[09:21] * Now talking in #FuturesTrades
[09:21] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:21] <werner>
rickf,all
[09:27] <pat255>
all
[09:29] <drt>
[09:29] <rickf> .
[09:31] <@wrbtrader> Wasn't there a 0830am est Jobless Claims report this morning
[09:31] <@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[09:31] <+rickf> yep
[09:32] <@wrbtrader> If so, I'm shocked there was very little price reaction to it.
[09:32] * +rickf claims fell by 11,000 to 448,000 in the week ended April 24, in line with the median forecast
[09:32] <+rickf>
http://preview.bloomberg.com/news/2010- ... month.html[09:32] <@wrbtrader> geeesh...that's very strange with "no price reaction".
[09:33] <+rickf> yeah
[09:33] <+rickf> kind of like the fed news yesterday
[09:33] <+rickf> short es 1196
[09:34] <@wrbtrader> Yeah...I'm going to "lower" my position size because I'm a little confused about the lack of price reaction to that 0830am est report
[09:34] <xtractor> well GS news and Greece news caused a lot of selling and volatility
[09:35] <+rickf> out 1197 -1
[09:35] <+xtractor> so jobless claims caused no excitement
[09:35] <+rickf> only 1 ct tho
[09:35] <+rickf> nope
[09:36] <+xtractor> buys TF 726.4
[09:37] <@wrbtrader> Long TF @ 726.90 -> small size
[09:37] <@wrbtrader> 2 only
[09:38] <+xtractor> pivot range 722.4 & 727.20
[09:38] <+xtractor> a break here should take it to 730 - 731 area
[09:39] <@wrbtrader> TF a little sluggish right now...it's setting up for a volatility spike.
[09:39] <@wrbtrader> Hopefully that spike takes price up and not down
[09:41] <@wrbtrader> Exited all TF Long @ 726.30 --> - 0.6
[09:42] <+xtractor> sells TF 725.9 -0.5
[09:43] <@wrbtrader> Shorts TF @ 725.40 -> medium size
[09:43] <@wrbtrader> 4 only
[09:44] <+xtractor> buys TF 724.8
[09:45] <@wrbtrader> geeesh
[09:45] <+werner> Shorts NQ @ 2022.25
[09:45] <+xtractor> sells TF 725.8 +1
[09:45] <+xtractor> part
[09:46] <@wrbtrader> Covered all TF Short @ 725.00 --> + 0.4
[09:47] <+werner> Covered 1/2 NQ Short @ 2020.00 --> + 2.25
[09:47] <@wrbtrader> Other key markets are either range bound or stuck at a s/r spot
[09:48] <@wrbtrader> Won't expect much out of TF until everybody finds a direction
[09:48] <+xtractor> market could coast to eom
[09:49] <+xtractor> sells part TF 725.8 +1
[09:50] <+werner> Covered Remainder NQ Short @ 2022.00 --> + 0.25
[09:50] <@wrbtrader> Shorts TF @ 725.50 -> small size
[09:50] <@wrbtrader> 2 only
[09:51] <@wrbtrader> small caps testing support now
[09:52] <@wrbtrader> Covered all TF Short @ 725.40 --> + 0.1
[09:53] <@wrbtrader> Long TF @ 726.20 -> small size
[09:54] <@wrbtrader> usually this is a great reward trade for me but the price action in TF not getting any help from others
[09:55] <@wrbtrader> Exited all TF Long @ 725.30 --> - 0.9
[09:55] <+rickf> speaking of trading plans, that first trade was me breaking my plan and entering on instinct. bad rick, bad!
[09:56] <@wrbtrader> Shorts TF @ 724.70 -> small size
[09:56] <@wrbtrader> 2 only
[09:56] <+werner> Shorts NQ @ 2021.50
[09:57] <+xtractor> sells all TF 724.9 +0.1
[09:58] <@wrbtrader> Shorts TF @ 724.80 -> Add
[09:58] <@wrbtrader> 3 added
[09:59] <+werner> Shorts NQ @ 2022.50 -> Add
[10:00] <+werner> Covered 1/2 NQ Short @ 2020.50 --> + 2
[10:01] <@wrbtrader> Covered TF Short @ 723.30 --> + 2.9
[10:01] <@wrbtrader> Holding 2 contract remainders
[10:01] <@wrbtrader> +1.5 and not +2.9 on those 3 contracts
[10:01] <+xtractor> nice one
[10:02] <@wrbtrader>
[10:02] <@wrbtrader> However, I'm still "spooked" a little by this price action.
[10:03] <+werner> Covered Remainder NQ Short @ 2021.00 --> + 0.5
[10:03] <+xtractor> buys TF 723.4
[10:03] <+rickf> is a weird open indeed
[10:03] <@wrbtrader> trying very hard not to get into my normal "aggressive" mode around this time of the day.
[10:05] <@wrbtrader> Covered Remainder TF Short @ 724.30 --> + 0.4
[10:05] <+xtractor> sells part TF 724.4 +1
[10:07] <@wrbtrader> Shorts TF @ 723.70 -> small size
[10:07] <+xtractor> sells all TF 725.5 +0.1
[10:07] <@wrbtrader> 2 only
[10:07] <+xtractor> 723.5
[10:08] <+xtractor> too choppy for multiple exits
[10:08] <+werner> Shorts NQ @ 2021.00
[10:09] <@wrbtrader> Covered all TF Short @ 723.50 --> + 0.2
[10:09] <@wrbtrader> geeesh
[10:10] <+werner> 19 nq sup imo:(
[10:10] <@wrbtrader> sidelined...giving up for awhile
[10:11] <@wrbtrader> It'll probably move strongly now in a directional price action without the chop not that I've gotten "frustrated".
[10:11] <@wrbtrader> Be back later...taking a mental rest.
[10:11] <+werner> cya
[10:11] * wrbtrader is now known as wrbtrader_away
[10:13] <+werner> Covered all NQ Short @ 2020.00 --> + 1
[10:13] <pdays> Shorts ES @ 1197.25 «« simulator »»
[10:13] <+xtractor> buys TF 723.1
[10:14] <Risk> Shorts TF @ 723.5 «« simulator »»
[10:15] <+xtractor> testing bottom of range 722.4
[10:16] <+Risk> Covered 1/2 TF Short @ 722.8 --> + 0.7 «« simulator »»
[10:17] <+Risk> Covered Remainder TF Short @ 722.5 --> + 1 «« simulator »»
[10:17] <+Risk> if only this would b real $
[10:21] <+xtractor> sells part TF 724.1 +1
[10:22] <+xtractor> sells part TF 725.1 +2
[10:24] <+Risk> Shorts TF @ 724.8 «« simulator »»
[10:25] <+Risk> Covered Remainder TF Short @ 724.5 --> + 0.3 «« simulator »»
[10:25] <+Risk> Covered Remainder TF Short @ 724.5 --> + 0.3 «« simulator »»
[10:25] <+werner>
[10:25] <+Risk> too fast to trade and type but I will try
[10:33] <+xtractor> probably headed to top of range
[10:33] <+xtractor> since we tested bottom and bounced
[10:34] <+pat255> y
[10:36] <+xtractor> sells part TF 726.1 +3
[10:36] <+pat255> vn x
[10:37] <luffy>
\
[10:51] * wrbtrader_away is now known as wrbtrader
[10:51] <+Risk> Shorts TF @ 728.5 «« simulator »»
[10:51] <@wrbtrader> Hmmm...forced to return early to see what my audio alerts are going crazy about...new intraday highs
[10:52] <+xtractor> sells all TF 728.6 +5.5
[10:52] <+xtractor> nice breaking of the range!
[10:52] <+Risk> Covered 1/2 TF Short @ 728.1 --> + 0.4 «« simulator »»
[10:53] <+Risk> Covered Remainder TF Short @ 728.1 --> + 0.4 «« simulator »»
[10:53] <+Risk> that was a stupid trade on my part
[10:53] <+Risk> I keep doing it and most of the time it works but the odd time it does not >>> I pay for it dearly
[10:54] <+xtractor> picking tops can be dangerous
[10:54] <+Risk> yes
[10:54] <+Risk> Like I said - when I grow up I want 2 b like X
)
[10:55] <+xtractor> 1000s and 1000s of hours of screen time
[10:56] <@wrbtrader> xtractor...did you ever trade before "without" a mechanical trading system
[10:56] <+Risk> i have about 3000 hours in futures and EOD stocks and FX maybe 10K
[10:57] <+Risk> but the latter time was as a pass time
[10:57] <+Risk> while relaxing after a day's work
[10:57] <+Risk> "without" a mechanical trading system
what do u mean?
[10:57] <+xtractor> wrb: yes i did and paid dearly
[10:59] <@wrbtrader> xtractor...another question...do you still feel the "emotions of trading" now that you're using a mechanical trading system because I often hear the emotions is still there but you're in more controlled.
[11:00] <+Risk> I don't trade a mechanical system (for me a mechanical system is a script running on a computer)
[11:00] <+Risk> I am still nervous when I trade
[11:01] <+Risk> I bout an HRV device to monitor my heart rate but I stopped using it
[11:01] <+Risk> bought
[11:01] <+xtractor> wrb: of course you do...the coaches that teach to trade like a machine without emotions are lying to their clients...can't be done...trading mechanically at least gives you some fixed parameters to help control emotions
[11:01] <@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[11:02] <+Risk> [11:01:47] <xtractor> wrb: I am Risk BTW
not WRB
[11:02] <+Risk> unless WRB reffers 2 something else
[11:03] <+xtractor> i was answering wrbtrader's questions
[11:03] * codehead_afk is now known as codehead
[11:04] <+Risk> oh. sorry
[11:05] <+Risk> Mark - where did u get the idea that X is trading a mechanical system?
[11:06] <+xtractor> i'm at the level where i can add some discretionary trading to my mechanical trading...i believe you are at that same level
[11:06] <+Risk> Long TF @ 726.9 «« simulator »»
[11:06] <+xtractor> above to wrbtrader
[11:09] <+xtractor> for example i posted the pivot range earlier this morning and knew when we tested the bottom and bounced we would test the top of the range which is why i used my profit exits instead of all in or out...also had an order in to add to my long at 722.1 but missed by 1 tick
[11:11] <+pat255> X do u use DOM for your entry/exit?
[11:11] <+Risk> I trade from the chart
[11:12] <@wrbtrader> Risk...he mentioned it yesterday in a indirect way when someone (I think it was pat255) ask xtractor to post a chart or something.
[11:12] <+pat255> y N
[11:14] <+Risk> Exited 1/2 TF Long @ 727.3 --> + 0.4 «« simulator »»
[11:15] <+Risk> I remember that X said that he uses some propriatary candle colors but that does not mean that his trading is mechanical
[11:15] <@wrbtrader> Risk...it's not a debate. Just ask him
[11:16] <+Risk> you win Mark. As usual..........
[11:16] <+Risk> Exited Remainder TF Long @ 726.2 --> - 0.7 «« simulator »»
[11:17] <+Risk> it is clear that X has a method that he wants to protect and I respect that. That is why I am not asking him any direct questions. If he wants to chip in - he will
[11:19] <@wrbtrader> [11:06] <+xtractor> i'm at the level where i can add some discretionary trading to my mechanical trading...i believe you are at that same level
[11:20] <@wrbtrader> x...I don't use a mechanical nor automated system. Thus, I'm basically a discretionary trader even though I use rules in the actual trade signal.
[11:20] <@wrbtrader> I tried mechanical and automation for awhile back in the early 90's...
[11:20] <+Risk> discretionary with rules is not the same as mechanical. I hope we agree on that.
[11:20] <@wrbtrader> wasn't comfortable with it.
[11:21] <@wrbtrader> Risk...read my reply carefully. I specifically stated I don't use a mechanical nor automation system. Instead, I'm a discretionary rule base trader.
[11:22] <@wrbtrader> Nothing to discuss nor debate.
[11:22] <+xtractor> thanks wrb
[11:25] <+xtractor> pat: yes i use a dom for order entry/exit with preprogrammed exits that can be manipulated on the dome
[11:25] <+pat255> thks I use BT but have problems with it ...
[11:26] <+pat255> what platform do u use? if u dont mind
[11:26] <+xtractor> what is BT?
[11:26] <+pat255> Tf entry goes but cant close the position
[11:26] <+pat255> bracket trader
[11:27] <+pat255> what a pain so have to close it manually
[11:28] <+xtractor> is that an IB add on?
[11:28] <+pat255> y
[11:29] <+Risk> Long TF @ 726.8 «« simulator »»
[11:29] <+pat255> so now stopped trading TF
[11:29] <monkeytrader> have you called support
[11:30] <+xtractor> IB is too expensive on commissions
[11:30] <+monkeytrader> who do you use x?
[11:30] <+pat255> y ..looking to change mirus is one
[11:31] <+xtractor> there are many good brokers who charge less
[11:31] <+pat255> your dom comes with the platform X?
[11:31] <codehead> IB dropped prices
[11:32] <+codehead> 3.60 for TF r/t, $4 for YM ES NQ
[11:32] <+monkeytrader> is that per contract?
[11:32] <+codehead> yes
[11:33] <+monkeytrader> it appears as it is chargin $2 per contract for ES for me
[11:33] <+monkeytrader> *charging
[11:33] <+codehead> r/t = round trip
[11:33] <+monkeytrader> ah right
[11:34] <+codehead> exchange fees are most of that, so it's not going to get a lot cheaper
[11:34] <+monkeytrader> i would consider that pretty cheap
[11:35] <+monkeytrader> xtractor: are you getting much better than that?
[11:35] <+xtractor> well you can still do much better than that
[11:35] <+monkeytrader> with who?
[11:36] <+codehead> i have a broker that's slightly cheaper, but you're not going to do a lot better without doing large volume
[11:36] <+xtractor> there are many out there...do your own dd
[11:36] <@wrbtrader> Yeah...you can do better if you're willing to increase dramatically the volume of trades or subscribe to a software that has some unique features or get a seat on the exchange
[11:37] <+Risk> Exited 1/2 TF Long @ 727.2 --> + 0.4 «« simulator »»
[11:37] <+xtractor> IB was charging $4.8 for ever
[11:37] <+Risk> Exited Remainder TF Long @ 727.5 --> + 0.7 «« simulator »»
[11:38] <+Risk> IB 3.60 for TF t/r
[11:38] <+Risk> t/r = r/t
[11:38] <+xtractor> TF is lower because ICE is waiving fees to get the volume up
[11:39] <@wrbtrader> bingo
[11:40] <+luffy> wrb i just switched to tf today
[11:40] <+luffy> its nice
[11:41] <+luffy> tho i moved to be too soon and got tagged twice.. both woulda got 20ticks...
[11:41] <@wrbtrader> You will have trading days where it's not so nice
[11:41] <+luffy> oh no
[11:41] <+luffy> lol
[11:41] <+luffy> it seems to move nicely
[11:41] <+luffy> the moves are stronger
[11:41] <+luffy> than nq and es
[11:42] <+luffy> do u think tf is manipulated less than nq and es..
[11:42] <+luffy> that's why the runs go further
[11:42] <@wrbtrader> About 1/3 of my trading days in ICE make me feel like I got brought a knife to a gun fight
[11:42] <+luffy> lol
[11:42] <@wrbtrader> ICE = TF
[11:42] <+luffy> how's ur stats now?
[11:42] <+pat255> y ..
[11:42] <+luffy> u were kicking ass
[11:43] <+luffy> as far as i know
[11:43] <+pat255> X what platform & DOM u use ..if u dont mind..
[11:43] <+pat255> TF gives me the shakes ..lol
[11:43] <+pat255> with DOM problem i move to NQ
[11:44] <@wrbtrader> Overall...profits declined after 2008...slowly rising in 2010 only because I'm paying more attention to my "market experience".
[11:44] <+luffy> mkt exp?
[11:44] <@wrbtrader> Simply, I'm getting less trade signals via my trade strategies but more trade signals via my market experience
[11:44] <+luffy> like 6th sense
[11:44] <+luffy>
[11:44] <+codehead> IB commission is 0.85 + exchange fees (one way), so that's how much room there is to play with
[11:44] <@wrbtrader> Yeah...like a 6th sense
[11:44] <+luffy> ok cool
[11:44] <+luffy> i'm only doing 1 kinda setup now
[11:44] <+luffy> just gotta fix my mm
[11:44] <+luffy> which sucks
[11:45] <+luffy> otherwise i think i'd kick ass
[11:45] <+xtractor> I like that phrase "Market Experience"!
[11:45] <+luffy> haha
[11:46] <@wrbtrader> market experience = I think I know what I'm doing
[11:46] <@wrbtrader>
[11:46] <+luffy> haha
[11:47] <@wrbtrader> I'm doing a lot better than the Washington Capitals "implosion" against the Montreal Canucks
[11:47] <@wrbtrader>
[11:47] <+luffy> wrb, are u still running the site?
[11:47] <@wrbtrader> Yes
[11:48] <+luffy> ok i'll email u again
[11:48] <+werner> Shorts NQ @ 2037.00
[11:48] <@wrbtrader> I got a recent email from you about your log in problems and I replied
[11:48] <+luffy> oh ok, let me go check
[11:50] <+pat255> N your DOM comes with the platform?
[11:50] <@wrbtrader> I don't use it
[11:50] <+pat255> i c.. so u enter the trades from charts?
[11:51] <@wrbtrader> Ahhh...ok...looks like your calling the actual order/entry screen the DOM.
[11:51] <@wrbtrader> In that case, yes...I use it.
[11:51] <+pat255> y
[11:52] <+werner> Covered all NQ Short @ 2036.00 --> + 1
[11:52] <+werner> i wait for a second short entry
[11:53] <@wrbtrader> I just have a different interpretation of what a DOM is.
[11:53] <+pat255> k but same thing to enter from a ladder of prices
[11:54] <@wrbtrader> Usually when I hear the word DOM...I think of CQG and the higher end data vendors that have a special screen that show a "very in-depth market depth" of bids, asks, trades, histograms et cetera.
[11:54] <+pat255> some do but some are simple
[11:58] <+luffy> wrb, can they see the stop orders?
[11:58] <+monkeytrader> i thought stop orders sit with the broker and not the exchange
[11:59] <+luffy> oh right
[11:59] <+luffy> i guess the brokers
[11:59] <@wrbtrader> Yep
[11:59] <+luffy> run their customers stops
[11:59] <+luffy> damn bucketeers
[11:59] <@wrbtrader> brokers have them
[11:59] <@wrbtrader> they own our stops
[11:59] <+luffy> yea
[11:59] <+luffy> shoot
[12:00] <+codehead> short NQ 2036.75 <paper>
[12:00] <+monkeytrader> codehead are you using IB?
[12:00] <+codehead> yes
[12:00] <+monkeytrader> with esignal?
[12:00] <+werner> Shorts NQ @ 2036.50
[12:00] <@wrbtrader> Reason why you should always "double check" your stops after rebooting from a computer crash during trading.
[12:01] <@wrbtrader> I've heard some crazy stories
[12:01] <+codehead> not sure about this NQ, divergent, and longer frame is iffy
[12:01] <+codehead> it can't decided right now
[12:02] <+codehead> 3 tick stop on NQ <paper>
[12:02] <+codehead> exit NQ flat <paper>
[12:02] <+pat255> k guys back to office ty all
[12:02] <+pat255> catch u all later
[12:03] <+monkeytrader> cya
[12:03] <+werner> Covered all NQ Short @ 2037.25 --> - 0.75
[12:03] <@wrbtrader> Long TF @ 727.70 -> small size
[12:03] <@wrbtrader> 2 only
[12:04] <@wrbtrader>
[12:04] <@wrbtrader> geeesh
[12:05] <@wrbtrader> Exited all TF Long @ 727.60 --> - 0.1
[12:06] <@wrbtrader> be back later...got some distractions here at home.
[12:06] <+codehead> that new high was pretty divergent on NQ
[12:07] <+werner> Shorts NQ @ 2036.50
[12:11] <+codehead> gap fill and cluster 1208.25 ES
[12:12] <MrYinYangTrader> test
[12:12] <+MrYinYangTrader> can anyone see this message?
[12:13] <+codehead> yes
[12:13] <+codehead> but can you type bigger?
[12:14] <+codehead> (just kidding)
[12:14] <+MrYinYangTrader> lol... being haveing soooo much problem this morning trying to get irc working
[12:14] <+MrYinYangTrader> Shorts ES @ 727.80
[12:15] <+MrYinYangTrader> late call i know... but don't bang on me... just got irc working
[12:15] <+MrYinYangTrader> Shorts TF @ 727.80
[12:17] <+werner> Covered all NQ Short @ 2036.50 --> 0
[12:19] <@wrbtrader> Natural GAS NG fell off the planet
[12:23] <+MrYinYangTrader> yea saw that wrb...
[12:24] <+werner> Shorts NQ @ 2036.25
[12:25] <+xtractor> yes a huge build
[12:27] <+werner> Covered all NQ Short @ 2037.00 --> - 0.75
[12:30] <+werner> mmm i am overtrading ...but i still think it is a good short here
[12:31] <@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[12:32] <+werner> zero volatility
[12:32] <+MrYinYangTrader> initial claim report due right?
[12:34] <+werner>
? my englisch is not so well
[12:34] <+MrYinYangTrader> oops.... calendar wrong.. disregard
[12:35] <+werner> ok
[12:41] <+MrYinYangTrader> Covered all TF Short @ 729.10 --> - 1.3
[12:42] <+Risk> Shorts TF @ 730.4 «« simulator »»
[12:44] <+xtractor> there's the 730-731 target area mentioned this morning
[12:46] <+Risk> Shorts TF @ 731 -> Add «« simulator »»
[12:46] <+Risk> only 1
[12:47] <+MrYinYangTrader> R2 on TF up here too
[12:48] <+Risk> Covered all TF Short @ 730.1 --> + 1.2 «« simulator »»
[12:50] <+werner> Shorts NQ @ 2040.75
[12:51] <+werner> ai trade error
[12:51] <+werner> no short signal yet
[12:53] <+codehead> might get one...
[12:53] <+codehead> was thinking it might be after lunch before a decent pb
[12:54] <+codehead> so far the sell signals have not resulted in much pb
[12:57] <+werner> indd
[12:57] <+codehead> NQ might pb before making a new high now tho...
[12:57] <+codehead> indecisive at the moment
[12:58] <+codehead> ES sitll has obvious higher target
[13:00] <+werner> stops are in
[13:00] <+codehead> short NQ 2041.75 <paper> 1.50 pt stop
[13:04] <+codehead> stopped -1.50 <paper>
[13:04] <+codehead> other didn't make new high
[13:30] <+codehead> oil coming off, a little steady selling here
[13:52] <+rickf> back
[13:58] <@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[14:00] <+MrYinYangTrader> Long TF @ 733.40
[14:00] <+MrYinYangTrader> taking a small stab here
[14:04] <+MrYinYangTrader> Exited Remainder TF Long @ 733.50 --> + 0.1
[14:04] <+MrYinYangTrader> me no like price action
[14:10] <+codehead> short ES 1205.50 <paper> 3 tick stop
[14:12] <+codehead> if it gets thru, should to 1208.25
[14:12] <+codehead> so just a gamble
[14:13] <+codehead> exit ES -.25 <paper>
[14:20] <+xtractor> shorts TF 735.3
[14:20] <+MrYinYangTrader> Shorts TF @ 735.40
[14:35] <+xtractor> covers all TF 735.2 +0.1
[14:38] <+xtractor> oh well
[14:47] <+MrYinYangTrader> Covered 1/3 TF Short @ 733.80 --> + 1.6
[14:50] <+xtractor> buys TF 734.1
[14:52] <+xtractor> sells TF 733.1 -1
[14:53] <+xtractor> buys TF 732.61
[14:53] <Hen> YM next level 11,109 to 11,109
[14:54] <+Hen> YM next level 11,109 to 11,119
[14:54] <+Hen> Resistance at 11,126
[14:55] <+MrYinYangTrader> hopefully tf goes down to the 726-727 area of poc
[14:56] <+Hen> YM Support at 11,109
[14:57] <+Hen> If we break that could hit a low of 11,093
[15:10] <+xtractor> sells part TF 733.6 +1
[15:13] <+MrYinYangTrader> zzzzzzzzzzzzzzz
[15:14] <+xtractor> yes seems like only a few of us trading
[15:14] <+rickf> short es 1203
[15:14] <+xtractor> eom
[15:15] <+MrYinYangTrader> fyi... maybe a head and shoulder forming on tf on 3mins
[15:21] <+Risk> what is EOM?
[15:28] <@wrbtrader> Long TF @ 732.20 -> small size
[15:28] <@wrbtrader> 3 only
[15:28] <@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[15:29] <+xtractor> end of month
[15:29] <+Risk> thank you
[15:30] <+Risk> what is the significance of EOM for daytrading?
[15:30] <+rickf> out es 1202.75 +.25 (late post - on a conf call)
[15:31] <@wrbtrader> Exited all TF Long @ 732.40 --> + 0.2
[15:31] <+codehead> lol--the significance is that institutions care about EOM
[15:31] <+codehead> and they move the mkt
[15:33] <@wrbtrader> Long TF @ 732.00 -> small size
[15:33] <@wrbtrader> 3 only
[15:34] <+Risk> to show that they performed better than they have?
[15:34] <+codehead> that's one reason yes
[15:35] <+xtractor> sell all TF 732.7 +0.1
[15:36] <+MrYinYangTrader> Exited TF Long @ 733.20 --> - 2.2
[15:36] <+MrYinYangTrader> Reverse and Enter Short TF @ 733.20
[15:36] <+xtractor> risk: the comment was in relation to the slow low volume...the big traders are done for the month so volume is light
[15:37] <+MrYinYangTrader> hmmm strange... macro is not working right
[15:37] <+MrYinYangTrader> Covered all TF Short @ 733.20 --> 0
[15:37] <+MrYinYangTrader> Long TF @ 733.20
[15:38] <+Risk> x & ch, thanks 4 the explanation
[15:39] <@wrbtrader> Exited all TF Long @ 733.40 --> + 1.4
[15:41] <@wrbtrader> Long TF @ 734.00 -> small size
[15:41] <@wrbtrader> 2 only
[15:42] <@wrbtrader> intuition
[15:42] <+MrYinYangTrader> Exited Remainder TF Long @ 734.80 --> + 1.6
[15:43] <@wrbtrader> Exited all TF Long @ 734.70 --> + 0.7
[15:43] <+MrYinYangTrader> Shorts TF @ 734.80
[15:43] <+MrYinYangTrader> tight stop here
[15:51] <@wrbtrader> Long TF @ 725.60 -> small size
[15:51] <+MrYinYangTrader> Covered all TF Short @ 735.60 --> - 0.8
[15:51] <@wrbtrader> 1 only
[15:51] <@wrbtrader> intuition
[15:53] <@wrbtrader> Exited TF Long @ 736.70 --> + 11.1
[15:53] <@wrbtrader> ooops
[15:53] <@wrbtrader> +1.1
[15:54] <+xtractor> ES has hardly budged in the last half hour
[15:55] <+MrYinYangTrader> TF was just trying to catch up to its big brothers
[15:55] <+xtractor> this would be a good short if not for eod
[15:56] <+MrYinYangTrader> ok hey good day everyone see ya tomorrow
[16:00] <+werner> back
[16:00] <+werner> djeez
[16:01] <+werner> no exit ..still in trade
[16:05] <+werner> Covered all NQ Short @ 2040.00 --> + 0.75
[16:05] <+werner> what a mess
[16:06] <+werner> ... consol
-------------------------
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