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 Post subject: May 6th Thursday - Futures, ETFs and Forex Currencies
 Post Posted: Thu May 06, 2010 10:37 pm 
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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: Thu May 06 09:27:01 2010
Session Ident: #FuturesTrades
[09:27] * Now talking in #FuturesTrades
[09:27] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:28] <@wrbtrader> Good morning all. It's pouring raining here where I'm at which is why I did all my personal stuff yesterday instead of today after seeing the weather report Tuesday night.
[09:29] <rickf> no worries, my computer crashed mid-afternoon mid-trade yesterday :(
[09:29] <+rickf> want me to send up an ark, wrbtrader?
[09:30] <drt> gm
[09:32] <@wrbtrader> May need one in a few days.
[09:32] <xtractor> buys 692.4
[09:32] <+rickf> just send the lz coords and we'll drop one off for you ... :)
[09:33] <+xtractor> sells part 693.4 +1
[09:34] <@wrbtrader> a lot of FED speeches this morning
[09:34] <+xtractor> sells part 694.4 +2
[09:35] <+xtractor> sells part 695.4 +3
[09:35] <+rickf> yeah - paulson on the hill i think right now
[09:36] <+xtractor> sells all 697.6 +5.2
[09:37] <@wrbtrader> Long TF @ 697.10 -> medium size
[09:37] <@wrbtrader> 4 only
[09:38] <@wrbtrader> puncks
[09:38] <@wrbtrader> Exited all TF Long @ 697.30 --> + 0.2
[09:38] <+rickf> sheesh couldnt get sell at 1161 placed. :(
[09:38] <+rickf> grr
[09:38] <@wrbtrader> new that trail was in danger as soon as I put it in :(
[09:40] <+xtractor> buys 696.4
[09:41] <+xtractor> sells part 697.4 +1
[09:41] <@wrbtrader> Long TF @ 697.70 -> medium size
[09:41] <@wrbtrader> 4 only
[09:41] <@wrbtrader> trail @ profit
[09:41] <+xtractor> sells part 698.4 +2
[09:42] <JimL1> oae24e2f
[09:42] <@wrbtrader> Exited 3/4 TF Long @ 699.90 --> + 2.2
[09:42] <+xtractor> sells part 699.4 +3
[09:43] <@wrbtrader> correction
[09:43] <@wrbtrader> Exited 3/4 TF Long @ 698.90 --> + 1.2
[09:43] <@wrbtrader> Exited Remainder TF Long @ 697.90 --> + 0.2
[09:44] <+xtractor> sells all 698.5 +2.1
[09:45] <@wrbtrader> TF finally has run into some decent resistance...push higher will cause a short squeeze with volatility spike.
[09:45] <+xtractor> i have an area at 700.3-700.8
[09:46] <+xtractor> and extending up to 702.1
[09:46] <+xtractor> es hit resis. 1164.5
[09:49] <@wrbtrader> Shorts TF @ 696.30 -> small size
[09:49] <@wrbtrader> 3 only
[09:49] <Risk> Berni is talking
[09:49] <+rickf> short es 1160
[09:50] <@wrbtrader> Covered all TF Short @ 696.60 --> - 0.3
[09:50] <+rickf> out 1161 -1
[09:50] <+rickf> :(
[09:51] <@wrbtrader> Shorts TF @ 697.70 -> medium size
[09:51] <@wrbtrader> 4 only
[09:51] <@wrbtrader> getting a little choppy
[09:52] <+xtractor> ya :)
[09:53] <+xtractor> shorts 697.7
[09:54] <+xtractor> covers 696.7 +1
[09:54] <+xtractor> part
[09:54] <@wrbtrader> Covered 1/4 TF Short @ 696.30 --> + 1.4
[09:55] <+xtractor> covers all 696.3 +0.4
[09:55] <@wrbtrader> Covered Remainder TF Short @ 697.30 --> + 0.4
[09:59] <@wrbtrader> Long TF @ 698.50 -> small size
[09:59] <@wrbtrader> 2 only
[09:59] <@wrbtrader> Long TF @ 698.80 -> Add
[09:59] <@wrbtrader> 2 added via intuition
[10:00] <@wrbtrader> Exited 1/2 TF Long @ 699.90 --> + 1.1
[10:01] <@wrbtrader> Exited Remainder TF Long @ 699.20 --> + 0.7
[10:01] <@wrbtrader> my remainders are getting slapped around so far via the chop
[10:03] <+JimL1> Long TF @ 698.9 «« simulator »»
[10:03] <+JimL1> 3
[10:03] <+JimL1> Exited 1/3 TF Long @ 699.5 --> + 0.6 «« simulator »»
[10:03] <@wrbtrader> Long TF @ 699.70 -> small size
[10:04] <@wrbtrader> 2 only
[10:04] <@wrbtrader> intuition
[10:04] <+JimL1> Exited 2/3 TF Long @ 699.8 --> + 0.9 «« simulator »»
[10:04] <@wrbtrader> I'm still exploiting a trade signal that first appeared @ 693.00
[10:05] <@wrbtrader> that's 7 points below :)
[10:05] <+xtractor> resistance zone
[10:05] <@wrbtrader> Exited all TF Long @ 700.00 --> + 0.3
[10:06] <+xtractor> shorts 699.8
[10:08] <+JimL1> Exited TF Long @ 699.1 --> + 0.2 «« simulator »»
[10:08] <+JimL1> Reverse and Enter Short TF @ 699.1 «« simulator »»
[10:08] <+xtractor> covers part 698.8 +1
[10:09] <+rickf> short es 1163
[10:09] <+JimL1> Shorts TF @ 699.1 -> Add «« simulator »»
[10:10] <+xtractor> covers all 697.8 +2
[10:10] <+JimL1> Covered 1/2 TF Short @ 698.2 --> + 0.9 «« simulator »»
[10:11] <+JimL1> Covered TF Short @ 698.6 --> + 0.5 «« simulator »»
[10:11] <+JimL1> Reverse and Enter Long TF @ 698.6 «« simulator »»
[10:11] <+JimL1> 1
[10:12] <@wrbtrader> we're at support...if it fails...I'm going after it :)
[10:12] <@wrbtrader> Shorts TF @ 697.80 -> medium size
[10:12] <@wrbtrader> 4 only
[10:13] <+rickf> exit es 1161.50 +1.5
[10:16] <@wrbtrader> Covered 3/4 TF Short @ 696.80 --> + 1
[10:17] <@wrbtrader> Covered Remainder TF Short @ 697.60 --> + 0.2
[10:17] <@wrbtrader> geeesh...another remainder picked off.
[10:17] <@wrbtrader> :(
[10:18] <+JimL1> Exited all TF Long @ 697.8 --> - 0.8 «« simulator »»
[10:18] <@wrbtrader> Will make a trade management adjustment for the next few trades..."no scaling".
[10:19] <+JimL1> trade error @ entry (frt ran a signal & paid for it - badly) penalty box now ;<
[10:19] <+xtractor> buys 697.9
[10:19] <+rickf> choppy
[10:20] <@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
[10:21] <@wrbtrader> 1030am est Natural GAS Status Report around the corner...
[10:22] <@wrbtrader> Pay attention considering GAS at the pump has been moving higher.
[10:22] <+xtractor> sell all 697.4 -0.5
[10:23] <+xtractor> like riding a wild bronco
[10:28] <@wrbtrader> Shorts TF @ 696.00 -> small size
[10:28] <@wrbtrader> 3 only
[10:30] <@wrbtrader> Covered all TF Short @ 694.20 --> + 1.8
[10:31] <+xtractor> good one...i was too biased to the upside eventhough we hit resistance on both es & tf
[10:33] <@wrbtrader> Hope to catch another one like that to call it quits for awhile and return later in the p.m. trading session
[10:34] <@wrbtrader> just need 1/2 of what I got on the prior trade
[10:35] <+xtractor> buys 695.2
[10:38] <+JimL1> Long TF @ 694.8 «« simulator »»
[10:38] <+JimL1> 1
[10:38] <+JimL1> Long TF @ 695 -> Add «« simulator »»
[10:38] <+JimL1> 1
[10:39] <+JimL1> Exited 1/2 TF Long @ 695.6 --> + 0.6 «« simulator »»
[10:39] <+xtractor> sells part 696.2 +1
[10:40] <+JimL1> Exited Remainder TF Long @ 696.5 --> + 1.7 «« simulator »»
[10:43] <+xtractor> stopped 696.3 +0.1
[10:43] <+xtractor> 695.3
[10:44] <@wrbtrader> at another support again
[10:45] <@wrbtrader> Shorts TF @ 693.80 -> small size
[10:45] <@wrbtrader> 2 only
[10:45] <+JimL1> missed that ss 3 times from 696, need a break
[10:46] <+xtractor> another swing low here
[10:46] <+xtractor> headed to test lows
[10:47] <@wrbtrader> Covered all TF Short @ 693.40 --> + 0.4
[10:47] <+xtractor> es just hit it
[10:48] <@wrbtrader> Shorts TF @ 692.40 -> small size
[10:48] <@wrbtrader> 2 only
[10:48] <@wrbtrader> intuition
[10:49] <@wrbtrader> Covered all TF Short @ 692.80 --> - 0.4
[10:49] <+xtractor> buys 692.8
[10:50] <@wrbtrader> Shorts TF @ 692.20 -> small size
[10:50] <@wrbtrader> 3 only
[10:52] <@wrbtrader> Covered all TF Short @ 692.70 --> - 0.5
[10:54] <@wrbtrader> good fight here
[10:54] <MrYinYangTrader> Shorts TF @ 693.10
[10:55] <@wrbtrader> Shorts TF @ 691.80 -> medium size
[10:55] <@wrbtrader> 4 only
[10:56] <+xtractor> buys 690.6 add
[10:56] <@wrbtrader> Covered all TF Short @ 690.60 --> + 1.2
[10:57] * codehead_afk is now known as codehead
[10:58] <@wrbtrader> watched a valid bullish signal fail...reason for my Short positions
[10:58] <@wrbtrader> took a few tries at fading that bullish signal
[11:01] <+Risk> what is the refresh rate of VOLUME and PRICE data that you guys are getting on your platforms?
[11:01] <+Risk> apparently IB is 250ms for stocks and 100ms for FOREX
[11:03] <+MrYinYangTrader> Covered all TF Short @ 691.30 --> + 1.8
[11:03] <+rickf> dunno
[11:03] <+rickf> no way to find out ... and besides i don't use volume in my trading
[11:03] <+xtractor> live tick by tick data (unfiltered) ...no refreshing...that's for futures ...i don't trade forex and never will
[11:04] <+MrYinYangTrader> Long TF @ 690.10
[11:04] <+Risk> X tick data has a finite speed. for IB it is refreshed every 250 MS
[11:05] <+MrYinYangTrader> Exited all TF Long @ 690.70 --> + 0.6
[11:05] <+Risk> technically it is impossible to send ALL the tick data ALL the time
[11:05] <+Risk> so I was wondering if there are platforms that give data more frequently
[11:05] <+xtractor> like i said, there is no refreshing it's live tick by tick...that's why i don't use my broker's datafeed
[11:05] <+MrYinYangTrader> Shorts TF @ 689.50
[11:06] <codehead> i have 1150.75 a support on ES
[11:06] <+Risk> who supplies your data X?
[11:06] <+xtractor> 1150-1151 spx is a reasonable target
[11:07] <+MrYinYangTrader> Exited TF Long @ 689.80 --> + 0.3
[11:07] <+MrYinYangTrader> Reverse and Enter Short TF @ 689.80
[11:07] <+MrYinYangTrader> Covered all TF Short @ 689..80 --> + 689.80 - 689..80
[11:07] <+MrYinYangTrader> wrong side :) reserved and went long
[11:08] <pdays> Long ES @ 1152.75 «« simulator »»
[11:09] <+codehead> 1150.75 is .500 retracement
[11:09] <+xtractor> data comes directly from the exchanges on the unfiltered servers
[11:09] <+MrYinYangTrader> exit 609.30
[11:09] <+MrYinYangTrader> 690.30
[11:09] <+MrYinYangTrader> tape is bad
[11:10] <@wrbtrader> Usually the high end data vendors "do not" filter their data.
[11:10] <@wrbtrader> While other like esignal, quote.com, sierra do
[11:10] <+Risk> so u r connected directly to ICE and CME and such? that must be expensive.....
[11:11] <@wrbtrader> Bloomberg, CQG, Reuters or Exchange software do not filter their data via the software.
[11:12] <@wrbtrader> Prorealtime use to not filter but now they do
[11:12] <+MrYinYangTrader> sell prog
[11:14] <+xtractor> buys 686.2 add
[11:14] <+Risk> SPY is on the peak from mid January
[11:15] <+MrYinYangTrader> zn going thru the roof anynews?
[11:16] <@wrbtrader> So far today...it's just a "trend continuation" from Monday after a pause on Tuesday
[11:16] <@wrbtrader> Meant from Tuesday (downtrend) and pause on Wednesday
[11:17] <+xtractor> there's the 1151 spx and i'm completely on the wrong side
[11:17] <+MrYinYangTrader> took half of my swing short position from 720 off here
[11:17] <@wrbtrader> Forex EurUsd and CME EuroFX 6E still getting butt whooped
[11:17] <+xtractor> it's sell what you can mode
[11:18] <@wrbtrader> Same with Forex GBP pairs
[11:18] <+rickf> yes .. closed out a week-old /6e trade premarket for a nice gain
[11:18] <+rickf> debating about going back in today though
[11:18] <+Risk> -1400 on the TICK. very rare
[11:19] <+Risk> many -1200's
[11:19] <+MrYinYangTrader> yea sell program should be done soon
[11:19] <+MrYinYangTrader> i mean it should be done for now lol
[11:19] <+Risk> :)))
[11:19] <+MrYinYangTrader> -1400 tick IS rare
[11:19] <+Risk> now means the last up tick?
[11:20] <+rickf> i think more downside here
[11:20] <+Risk> u think u lose
[11:20] <+rickf> :)
[11:20] <+Risk> at least I am when I THINK
[11:21] <+rickf> short es 1151.25 paper
[11:21] <+MrYinYangTrader> yea more downsize later
[11:21] <+JimL1> Long TF @ 686.4 «« simulator »»
[11:21] <+JimL1> 1
[11:22] <+JimL1> mssed 1st &2nd @685.5
[11:22] <+MrYinYangTrader> Shorts TF @ 687.70
[11:22] <+MrYinYangTrader> little play here
[11:24] <+MrYinYangTrader> Covered all TF Short @ 687.50 --> + 0.2
[11:25] <+JimL1> Exited all TF Long @ 687.5 --> + 1.1 «« simulator »»
[11:25] <+JimL1> too much stall
[11:25] <+MrYinYangTrader> Shorts TF @ 687.50
[11:25] <+MrYinYangTrader> again
[11:26] <+MrYinYangTrader> Covered Remainder TF Short @ 688.20 --> - 0.7
[11:26] <+MrYinYangTrader> :(
[11:26] <+rickf> out es 1152.50 -1.25 paper
[11:27] <+codehead> i did enter ES 1150.75, btw, exited flat--it was just too big of a $TICK extreme wave
[11:27] <+rickf> still looking lower ... think it was too early
[11:27] <+codehead> should have waited due to the tick extreme alarms
[11:27] <+rickf> i almost exited flat but decided to wait and see -- oopsie. :(
[11:28] <+rickf> taking most instinct trades nowdays on the simulator
[11:29] <+Risk> average daily volume on SPY 196mil. so far 2day 144 mil
[11:29] <+rickf> 1.7M ES already
[11:29] <+rickf> anothr heavy day
[11:29] <+MrYinYangTrader> Shorts TF @ 689.50
[11:29] <+xtractor> sells all 689.9 +small call that a TGIE trade
[11:30] <+MrYinYangTrader> let me try again..
[11:34] <+MrYinYangTrader> Covered all TF Short @ 687.80 --> + 1.7
[11:35] <+rickf> vn
[11:37] <+MrYinYangTrader> Long TF @ 686.30
[11:37] <+MrYinYangTrader> hmmmm....
[11:37] <+MrYinYangTrader> maybe pulled the trigger too early
[11:40] <+MrYinYangTrader> Exited Remainder TF Long @ 687.40 --> + 1.1
[11:41] <@wrbtrader> Long TF @ 687.70 -> small size
[11:41] <@wrbtrader> 2 only
[11:42] <@wrbtrader> Exited all TF Long @ 687.30 --> - 0.4
[11:43] <+xtractor> we are due for some consolidation
[11:43] <@wrbtrader> Long TF @ 686.80 -> small size
[11:43] <@wrbtrader> 2 only
[11:44] <+MrYinYangTrader> Long TF @ 686.90
[11:45] <@wrbtrader> Exited all TF Long @ 687.80 --> + 1
[11:46] <+MrYinYangTrader> Exited all TF Long @ 686.90 --> 0
[11:49] <+rickf> back later -- errands/lunch
[11:50] <+codehead> ES should try to bounce 1147
[11:50] <@wrbtrader> hammering at that support
[11:50] <@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
[11:52] <+MrYinYangTrader> Long TF @ 686.20
[11:52] <+MrYinYangTrader> stop at 685.40 taking a break
[11:53] <@wrbtrader> Long TF @ 686.90 -> small size
[11:53] <+codehead> oh, that was a mess-up
[11:53] <@wrbtrader> 2 only
[11:54] <+codehead> i got fill NQ 1 tick form lod, put in sell too low and the move was so fast it filled before display even showed it gettign near
[11:54] <+codehead> was about to pull it, and it filled
[11:54] <+codehead> well, a can afford dinner at least
[11:55] <@wrbtrader> Exited all TF Long @ 687.10 --> + 0.2
[11:56] * wrbtrader is now known as wrbtrader_away
[11:57] <+xtractor> 1150 spx tested
[12:01] <+MrYinYangTrader> ok back
[12:01] <+MrYinYangTrader> poc on tf is about to move
[12:02] <+xtractor> 1150 spx is the Jan 10 high
[12:02] <+xtractor> 2010
Image
[12:09] <+MrYinYangTrader> Exited all TF Long @ 687.40 --> + 1.2
[12:17] <+pdays> Exited all ES Long @ 1156.25 --> + 3.5 «« simulator »»
[12:19] <+MrYinYangTrader> Long TF @ 689.60
[12:30] <+MrYinYangTrader> Exited Remainder TF Long @ 689.40 --> - 0.2
[12:47] <+MrYinYangTrader> Shorts TF @ 687.10
[12:49] <+MrYinYangTrader> Covered all TF Short @ 685.90 --> + 1.2
[13:05] <+rickf> back
[13:10] <+MrYinYangTrader> Long TF @ 686.40
[13:10] <+MrYinYangTrader> stop in place... going to lunch
[13:13] <+MrYinYangTrader> Exited all TF Long @ 685.6 --> - 0.8
[13:13] <+MrYinYangTrader> woops... oh well
[13:13] <+MrYinYangTrader> now im going to lunch
[13:13] <+MrYinYangTrader> :)
[13:17] <@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
[13:29] <+Risk> remember what Cramer said 3-4 days ago about buying mid day b/c the drop is not going 2 last? :)))
[13:30] <+rickf> nope - don't follow him
[13:30] <+rickf> not even for comedic value anymore :)
[13:31] <+Risk> :) I watched him while eating dinner. For entertainment purposes only. Not for internal consumption
[13:32] <+rickf> he used to make some sense ... years ago. but all his perma-bullishness turns me off, whether in print or on air. is why i cancelled my TSCM account last year
[13:32] <+rickf> the stuff on tv is just schtick
[13:33] <+Risk> trading must be the most boring and thrilling job there is in the world (at the same time)
[13:34] <+rickf> yup
[13:35] <+rickf> the action past few days reminds me of late 2007 and 2008
[13:35] <+rickf> when it was fun to trade - lots of 'runners' and great vol
[13:35] <+rickf> could get 10 or 20 point trades in the afternoons fairly easily
[13:36] <+Risk> i started to learn 2 trade futures only @ the end of 2008
[13:37] <+rickf> 2008 was a fun year :)
[13:38] <+Risk> July 7 was actually the first day I started to collect data on the futures with Ninja
[13:38] <+Risk> 2008
[13:38] <+rickf> 2.6M ES contracts already
[13:38] <+rickf> right ....
[13:38] <+rickf> good year to start lol
[13:40] <+Risk> i just remember that Mark was making several K a day .... :) and I was losing several K without noticeing
[13:41] <+rickf> heh -- yeah I had a good system, would make several K and then lose several K .... overtraded like an idiot savant
[13:42] <+Risk> :))))
[13:42] <+Risk> this reminds me of the Merry Hopkins song "those were the days my friend"
[13:42] <+rickf> or Edith Bunker --- "those were the daaaayyys"
[13:43] <+Risk> :))))))))))))))))))
[13:44] <+Risk> that was very funny
[13:44] <+rickf> hee
[13:45] <+Risk> tick hit -1600
[13:45] <+Risk> surely we hit the bottom :)))
[13:45] <+rickf> oh MUST be time to buybuybuy
[13:45] <+rickf> *runs*
[13:45] <+Risk> YYYYYYYYYYes
[13:46] <+Risk> I have never seen tick @-1600
[13:51] <+codehead> Ym is near .382 on daily
[13:53] <+codehead> lod on ES is 1.618 extension
[13:53] <+codehead> on 120 min
[13:54] <+MrYinYangTrader> wow its blood out there...
[13:54] <+MrYinYangTrader> we going to 670
[13:54] * wrbtrader_away is now known as wrbtrader
[13:55] <+codehead> long YM 10680 <paper>
[13:56] <+codehead> just got up form nap, not quick ready to trade lol
[13:56] <+codehead> should go a little lower too
[13:56] <+Risk> [13:45:22] <Risk> surely we hit the bottom :)))
[13:57] <+codehead> add Ym 10661 <paper>
[13:57] <+Risk> tick -1550
[13:58] <+codehead> exit +15 on add <paper>
[13:59] <+codehead> my number was actually 10665 (.382), first buy was early
[14:02] <+MrYinYangTrader> everyone trying to get out
[14:02] <+codehead> insane number of tick extreme alarms today
[14:03] <+MrYinYangTrader> wait for volumne climate
[14:03] <+MrYinYangTrader> climax i mean
[14:03] <+MrYinYangTrader> lol
[14:05] <+MrYinYangTrader> woww look at the vol on that last move
[14:06] <+rickf> bang
[14:08] <+MrYinYangTrader> Long TF @ 675.10
[14:08] <+MrYinYangTrader> tight stop
[14:09] <+MrYinYangTrader> Exited all TF Long @ 674.10 --> - 1
[14:09] <@wrbtrader> Shorts TF @ 673.60 -> medium size
[14:10] <+Risk> TICK -1670
[14:10] <@wrbtrader> Covered all TF Short @ 673.50 --> + 0.1
[14:11] <@wrbtrader> that was a trade error
[14:11] <@wrbtrader> try to cancel and it went throug
[14:11] <@wrbtrader> Shorts TF @ 672.80 -> large size
[14:11] <@wrbtrader> 6 only
[14:12] <@wrbtrader> another support break of 673
[14:13] <+Risk> TICK -1810
[14:13] <@wrbtrader> Covered all TF Short @ 672.20 --> + 0.6
[14:14] <+MrYinYangTrader> there you go thts' vol there
[14:14] <@wrbtrader> that was almost a 7 point difference between my support levels
[14:14] <@wrbtrader> sat there and watch it drop 7 points before a setup appeared :(
[14:15] <+MrYinYangTrader> my screen froze on me wrb
[14:15] <@wrbtrader> back above support
[14:16] <@wrbtrader> Shorts TF @ 672.80 -> small size
[14:17] <@wrbtrader> 2 only
[14:18] <+rickf> 3M contracts on the ES, 2.2billion NASDAQ shares, 1 billion on NYSE
[14:18] <@wrbtrader> Covered all TF Short @ 669.30 --> + 3.5
[14:18] <+rickf> like damn
[14:20] <@wrbtrader> TF just formed a white hammer line on the 1min chart.
[14:20] <@wrbtrader> It's not a bullish signal.
[14:21] <@wrbtrader> However, its a line in the sand if TF can climb back upwards.
[14:21] <@wrbtrader> If that happens, I'll try to use it to setup as a profit target for any Long positions below
[14:21] <+JimL1> say what?
[14:23] <@wrbtrader> Long TF @ 666.30 -> small size
[14:23] <@wrbtrader> 2 only
[14:23] <@wrbtrader> got a big profit target if it can get moving back upwards
[14:23] <+JimL1> this was not a good day to be away from my office -
[14:24] <+JimL1> Long TF @ 666.3 «« simulator »»
[14:24] <+JimL1> 2
[14:24] <+MrYinYangTrader> Long TF @ 666.4
[14:24] <@wrbtrader> trailing @ profit
[14:25] <+Risk> 666 the sign of the devil
[14:25] <@wrbtrader> 669 is the low of that white hammer line I mentioned earlier
[14:25] <+JimL1> Exited 1/2 TF Long @ 667.1 --> + 0.8 «« simulator »»
[14:26] <+MrYinYangTrader> wow my data stream keep freezing
[14:26] <+JimL1> Exited Remainder TF Long @ 668.4 --> + 2.1 «« simulator »»
[14:26] <@wrbtrader> Exited all TF Long @ 669.70 --> + 3.4
[14:27] <+JimL1> data bottled up simulator not staying with the data flow - could move that last target
[14:28] <+JimL1> bye - rebooting everythnig to see if it helps - just entered ss & nothing worked right
[14:29] <@wrbtrader> if you don't like to trade hammer lines...they do have other uses :)
[14:32] <+codehead> closing in on .500 retracement of 2010 low to hi
[14:32] <+codehead> qqqq
[14:34] <@wrbtrader> Long TF @ 667.40 -> small size
[14:34] <@wrbtrader> 2 only
[14:34] <@wrbtrader> intuition
[14:35] <@wrbtrader> Exited all TF Long @ 666.40 --> - 1
[14:35] <@wrbtrader> Shorts TF @ 665.30 -> small size
[14:35] <@wrbtrader> 3 only
[14:35] <@wrbtrader> support failure
[14:37] <@wrbtrader> Covered all TF Short @ 662.90 --> + 2.4
[14:37] <+MrYinYangTrader> wow data freeezing!!!!
[14:38] <@wrbtrader> try removing the number of charts you're using...go with the bare minimum
[14:38] <+rickf> < uses 1 chart to trade
[14:39] <@wrbtrader> wow...DOW down over 300
[14:40] <@wrbtrader> -358.07
[14:40] <+rickf> holy hell
[14:40] <+rickf> down 48 Es
[14:40] <@wrbtrader> -403.72
[14:40] <Hen> DOW down 413 on Cash
[14:40] <+rickf> wrbtrader how did the dax close?
[14:40] <+Hen> 399 on futures
[14:41] <@wrbtrader> Eurex got ugly
[14:42] <+rickf> jeeez
[14:43] <+MrYinYangTrader> sorry ppl but i have no time to post myy trade lol!
[14:43] <+MrYinYangTrader> stillshort
[14:43] <+MrYinYangTrader> wth?? no data feed
[14:43] <+MrYinYangTrader> or did they stop
[14:44] <+MrYinYangTrader> ok got it back
[14:44] <+Hen> Dow Down 576
[14:45] <+rickf> every one of my swing-trade and long-term shorts are now profitable
[14:45] <@wrbtrader> I got a 15 foot diameter trampoline for the kids...the storm moved it about 220 feet from one side of the fence to the other side.
[14:45] <+rickf> options trades on a few etfs
[14:45] <@wrbtrader> glad I had the shed rebuilt yesterday :)
[14:45] <+Hen> Dow Down 688
[14:45] <+rickf> ES down 94
[14:45] <+Hen> 668
[14:45] <+MrYinYangTrader> him out of my short! +30
[14:45] <@wrbtrader> damn
[14:45] <@wrbtrader> where's the circuit breaker on this drop
[14:45] <+MrYinYangTrader> out of my swing short +80
[14:46] <+rickf> TOS just raised intraday futs margins 50%
[14:46] <@wrbtrader> run everybody...RUN !!!
[14:46] <@wrbtrader> :)
[14:46] <+Hen> -776
[14:46] <+MrYinYangTrader> wow i can't even see my charts or dome... just put in all my order to cover at 640
[14:47] <@wrbtrader> Down -770 points
[14:47] <@wrbtrader> geeesh
[14:47] <+Hen> -950
[14:47] <@wrbtrader> unbelivable
[14:47] <+MrYinYangTrader> what the hell happen?
[14:47] <+Risk> what is down 770?
[14:47] <+MrYinYangTrader> revolt in greece?
[14:47] <+Risk> holly cow
[14:47] <@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
[14:48] <+Risk> dow -1000 almost
[14:48] <+rickf> $M ES shares
[14:48] <+rickf> 4M
[14:48] <@wrbtrader> 1.2 TF point spreads
[14:48] <@wrbtrader> what the hell
[14:48] <+MrYinYangTrader> lol no market!!!
[14:48] <@wrbtrader> 1 contract trades only :)
[14:48] <@wrbtrader> That may be too much to risk
[14:49] <+MrYinYangTrader> i feel like a 20min delay trader now
[14:49] <+MrYinYangTrader> lol
[14:49] <@wrbtrader> Long TF @ 652.80 -> small size
[14:49] <@wrbtrader> 2 only
[14:50] <@wrbtrader> obviously intuition
[14:50] <@wrbtrader> no technical analysis on this trade...just market experience
[14:52] <@wrbtrader> Exited all TF Long @ 666.20 --> + 13.4
[14:52] <@wrbtrader> I'm done
[14:52] <+Hen> Nice
[14:52] <@wrbtrader> insane volatility...the best in a few years
[14:53] <@wrbtrader> DOW retrace +200 points in a few minutes
[14:53] <@wrbtrader> Now only down -500 points I think
[14:54] <+rickf> i was trying to close an equity trade that went from -$200 to + 2300 ... blink your eye and the price is down to +300
[14:54] <+rickf> like insane
[14:55] <@wrbtrader> CNBC now announces in HINDSIGHT that the floor was YELLING ONLY BUY ORDERS around 1446pm
[14:55] <@wrbtrader> Would have been nice the shared that with the viewing audience as it was occurring in real-time instead of HINDSIGHT.
[14:56] <@wrbtrader> TF was around 637.40 at that time
[14:56] <@wrbtrader> insane retracement back upwards
[14:56] <kosmipt> wow
[14:57] <+kosmipt> wrb you probably made tons of cash with this volatility
[14:57] <@wrbtrader> I haven't seen this type of panick since before the bubble burst over 10 years ago
[14:57] <+MrYinYangTrader> im dazed
[14:58] <+MrYinYangTrader> once in a lifetime this happens
[14:58] <@wrbtrader> We still have another 1hr 15min of trading remaining
[14:58] <+rickf> remember the day the house failed to vote on the bailout in sept 2008?
[14:58] <+rickf> this panic comes close to that ... but nowhere as broad-based
[14:59] <+MrYinYangTrader> yea
[14:59] <@wrbtrader> ahhh...YES
[14:59] <+MrYinYangTrader> 1000 ym point in 1min
[15:00] <+MrYinYangTrader> here we go again
[15:00] <+rickf> yeah really
[15:00] <@wrbtrader> Not often you get to trade "within" that type of panick.
[15:00] <+rickf> f---king historic day
[15:00] <+MrYinYangTrader> i need to get a different broker
[15:01] <+MrYinYangTrader> like zenfire
[15:01] <@wrbtrader> The chart of today makes it into my special book of charts.
[15:01] <+MrYinYangTrader> or tt
[15:01] <+rickf> LOL -- you have one of them too?
[15:02] <@wrbtrader> Yeah...I had several books worth going back to the mid 80's.
[15:02] <+rickf> 4.4M ES contracts
[15:02] <@wrbtrader> Spouse accidentally threw out in the trash my charts before 2005 :( :( :(
[15:03] <@wrbtrader> 2000% above average Emini volume
[15:03] <@wrbtrader> There now wondering if it was "several" fat finger big boy trade mistake
[15:03] <+codehead> IB kept freezing up on my
[15:04] <@wrbtrader> Some institutional trader probably fainted at the key board and his head was on top of the SELL button :)
[15:04] <+codehead> i bought qqqq calls, but after it dropped $6 below the call value, i took a small profit
[15:04] <+codehead> crazy action
[15:04] <+rickf> yeah really
[15:04] <@wrbtrader> you bought options during that crazy price action...
[15:04] <werner> hi all!!!
[15:04] <+rickf> i wanted a pullback ... this was NOT what i expected
[15:04] <+codehead> lol yeah
[15:04] <@wrbtrader> you got some big balls
[15:05] <+rickf> i've been long option spreads that were insanely profitable today -- problem was i couldn't close 'em out quick enough :(
[15:05] <+codehead> to think i was long ES 1150.75 earlier, and lod is 1056.00
[15:05] <+codehead> whew
[15:06] <@wrbtrader> DAX hit hard
[15:06] <+xtractor> geeze louise...i just walked in from my daughter's national honor society induction and missed this action
[15:06] <+xtractor> what odds to miss this
[15:08] <@wrbtrader> xtractor...that's a big honor for you kid.
[15:09] <@wrbtrader> BUT...too bad you missed this price action...we only see something like this once every 5 - 10 years if that
[15:09] <+xtractor> yes i'm very proud but mixed feelings to have missed this
[15:09] <+xtractor> that's just what i told my wife once in a decade
[15:10] <@wrbtrader> The way volatility has been crazy recently...you may get a second chance at this type of price action before the month is over.
[15:10] <+xtractor> sure is going to screw up the cahrts :)
[15:10] <+MrYinYangTrader> what's tf price?
[15:10] <@wrbtrader> At one point in that price drop...it was the worst since 1987
[15:10] <+xtractor> 678
[15:11] <+MrYinYangTrader> thnks
[15:11] <+xtractor> wow vix at 40
[15:12] <+MrYinYangTrader> small short here a 677
[15:12] <+MrYinYangTrader> Shorts TF @ 677
[15:13] <@wrbtrader> Shorts TF @ 672.00 -> small size
[15:13] <@wrbtrader> 2 only
[15:15] <+MrYinYangTrader> ok mm...lets take it slowly downplease
[15:16] <@wrbtrader> Covered all TF Short @ 671.80 --> + 0.2
[15:16] <@wrbtrader> punks
[15:16] <@wrbtrader> that was ROBBERY of my trail
[15:16] <+MrYinYangTrader> Covered all TF Short @ 671.70 --> + 5.3
[15:17] <+xtractor> buys TF 671
[15:18] <@wrbtrader> twitter was going crazy during that drop that I had to turn it off.
[15:18] <@wrbtrader> I think I was seeing about 300 messages per second
[15:18] <+xtractor> sells part 673.1 +2.1
[15:19] <+MrYinYangTrader> Shorts TF @ 271.00
[15:19] <+MrYinYangTrader> Shorts TF @ 671
[15:19] <+MrYinYangTrader> reshourt
[15:19] <+xtractor> sells all 670.4 and reverse
[15:19] <@wrbtrader> Shorts TF @ 668.40 -> small size
[15:19] <+MrYinYangTrader> lets take it down
[15:19] <@wrbtrader> 3 only
[15:20] <+kosmipt> be careful, contracting volatility
[15:20] <+xtractor> cover 665.7 +4.7
[15:20] <+xtractor> man this is crazy
[15:21] <@wrbtrader> Covered 2/3 TF Short @ 665.10 --> + 3.3
[15:21] <+MrYinYangTrader> riding it down
[15:22] <+MrYinYangTrader> Covered all TF Short @ 666 --> + 5
[15:22] <+xtractor> buys 665.6
[15:22] <@wrbtrader> Covered Remainder TF Short @ 667.90 --> + 0.5
[15:23] <+xtractor> sells 668.1 +2.5
[15:24] <+MrYinYangTrader> 100 percent this market will close down today :p
[15:24] <+xtractor> that script would come in handy on a day like this :)
[15:24] <Tigerman> hi all
[15:26] <+rickf> here we go?
[15:26] <+MrYinYangTrader> Shorts TF @ 663.70
[15:27] <+xtractor> shorts 663.4
[15:28] <+MrYinYangTrader> Covered 1/3 TF Short @ 663.90 --> - 0.2
[15:28] <+MrYinYangTrader> Shorts TF @ 663.50
[15:28] <+MrYinYangTrader> damnit jumpped the gun on that cover
[15:28] <@wrbtrader> Long TF @ 662.80 -> small size
[15:29] <@wrbtrader> 2 only
[15:29] <+xtractor> cover 662.3 +1.1
[15:29] <+MrYinYangTrader> Covered all TF Short @ 663.90 --> - 0.4
[15:29] <+xtractor> buys 663.6
[15:30] <@wrbtrader> Exited all TF Long @ 665.90 --> + 3.1
[15:30] <@wrbtrader> Greed trades...
[15:30] <+Tigerman> yep
[15:30] <+MrYinYangTrader> vn
[15:31] <@wrbtrader> Thought I was done but that volatility is hypnotizing
[15:31] <+Tigerman> volatility is great
[15:31] <+Tigerman> when market move is better of course
[15:32] <+Tigerman> hey anyone have gap on ES chart?
[15:32] <+xtractor> sell 670.5 +7.2
[15:32] <@wrbtrader> I don't
[15:32] <+Tigerman> I mean 13:52 on 1 min frame
[15:33] <@wrbtrader> If you have any GAPS on your chart...that's a data vendor having data problems keeping up with the volatility
[15:33] <+Tigerman> I thinks so
[15:33] <+Tigerman> curiosly is present in ALL time frame on ES
[15:34] <+Tigerman> but no probelm on others market nq tf etc.
[15:34] <+Tigerman> I use IB as data vendor
[15:35] <+Tigerman> seems mr young use IB as platform but using Esignal for datafeed
[15:35] <+xtractor> IB aggregates their data so on super fast trading you might get some gaps
[15:35] <+xtractor> buys 671.3
[15:37] <+xtractor> sells 673.7 +2.4
[15:37] <+Tigerman> thanks xtractor
[15:37] <+MrYinYangTrader> i think i made enough today
[15:37] <+MrYinYangTrader> my head hurts watch the dome go up and down
[15:39] <+Tigerman> usually also my eyes burning
[15:39] <+Tigerman> and hand and elbow burns for too much mouse...
[15:40] <+rickf> 5M ES contracts
[15:40] <+xtractor> nyse net volume a whopping -4.3mil
[15:40] <+rickf> holy f---k
[15:40] <+rickf> (sorry)
[15:40] <+Tigerman> btw I open chart direcly from IB platform no gap candle is normal
[15:40] <+Tigerman> but strange (no sense) bars after it
[15:41] <+xtractor> problem with this type of action is it totally screws up your charts
[15:41] <+MrYinYangTrader> 20 min till close...
[15:41] <+Tigerman> in multichart platform everything is normal (gap part)
[15:41] <+xtractor> buys 672.2
[15:42] <+Tigerman> yep xtractor was curious to see data with e-signal
[15:42] <+Tigerman> was better but expensive for following too many markets
[15:42] <+xtractor> sells 674.4 +2.2
[15:42] <+Tigerman> anyway today was a crazy day
[15:43] <+Tigerman> today done some good at market open
[15:43] <+xtractor> what i meant was the huge price swings and extremes just makes charts look so unnatural
[15:43] <+Tigerman> but no connected in chat
[15:44] <+xtractor> maybe we can close green :)
[15:44] <+Tigerman> whos bought on last spike down get a good bargain :)
[15:44] <+xtractor> and will value investors be buying tomorrow
[15:45] <+xtractor> i have a hard time believing this was all due to greece
[15:45] <+rickf> i started selling a few puts this afternoon on some equity positions i want to start
[15:45] <+rickf> been keeping my powder dry for the past 15 months
[15:45] <+MrYinYangTrader> Shorts TF @ 274.30
[15:46] <+Tigerman> I think greece is only an excuse
[15:46] <+Tigerman> probles is real of course
[15:46] <+xtractor> now rumors of a fat finger trade
[15:46] <@wrbtrader> Now they're saying there was a "trader error" at a major institution firm...he put in B for billion instead of M (million)
[15:46] <@wrbtrader> :)
[15:46] <+xtractor> someone is going to lose their job?
[15:47] <+Tigerman> which news source ?
[15:47] <+MrYinYangTrader> Covered all TF Short @ 674 --> - 399.7
[15:47] <+MrYinYangTrader> lol that's a fat finger there wrb
[15:47] <+xtractor> this is going to shake the confidence of the individual investor
[15:48] <+Risk> very fishy what happened 2day....
[15:48] <@wrbtrader> I can see how it happens...market down -300 to - 400 points...the trader gets nervous and then hits the wrong button.
[15:49] <@wrbtrader> may get a breakout of a key resistance
[15:49] <@wrbtrader> Long TF @ 678.50 -> small size
[15:49] <@wrbtrader> 1 only
[15:49] <+MrYinYangTrader> right back to vwap
[15:50] <@wrbtrader> Exited TF Long @ 677.70 --> - 0.8
[15:50] <+rickf> TOS squawk confirming the billion-million fatfinger somewhere
[15:51] <+Tigerman> volatility is fast like rocket
[15:51] <@wrbtrader> Shorts TF @ 676.80 -> small size
[15:51] <@wrbtrader> 1 only
[15:51] <+MrYinYangTrader> are they going to bust any trade? i hope not
[15:51] <+xtractor> does anyone have a chart of NYSE Net Volume that goes back prior to 2006?
[15:52] <+xtractor> wanted to see when we had an equvilant negative net volume to today
[15:52] <+xtractor> -4.41mil now
[15:52] <@wrbtrader> Covered TF Short @ 676.30 --> + 0.5
[15:53] <+xtractor> almost double the lowest day going back to 2006
[15:53] <@wrbtrader> crazy a 700 point rally back upwards
[15:53] <+MrYinYangTrader> anyone know what the big sp contract trade down to?
[15:55] <+xtractor> wonder who it was that started buying around 14:45
[15:55] <+rickf> Rumors the Citi e-mini desk sold $16B of futures by mistake, meant to do $16M --- via zerohedge
[15:55] <+MrYinYangTrader> lol... my buddy joked and said all hedge funds in greece had margin calls
[15:56] <+xtractor> so only $16B caused this crash?
[15:56] <+rickf> well if it hits all at once, i guess
[15:56] <@wrbtrader> Shorts TF @ 675.20 -> small size
[15:56] <@wrbtrader> 3 only
[15:56] <+Risk> it's only 14 mil conts.....
[15:56] <@wrbtrader> support failure
[15:57] <+xtractor> that's scary if that small amount could cause this
[15:57] <+MrYinYangTrader> 2-3 week back i heard gs sold like 1000 big sp lot above 1200 right before they got sued
[15:58] <+xtractor> they were tipped off by the government prior to the announcement
[15:58] <+xtractor> legalized insider info i guess
[15:59] <+xtractor> they probably made more on that trade than they will be fined
[15:59] <+Risk> if this is true, it should be enough to topple a government
[15:59] <@wrbtrader> Covered all TF Short @ 671.00 --> + 4.2
[15:59] <+Risk> but it will never happen
[16:00] <+rickf> a good drink or two is caleld for today
[16:00] <+werner> vn
[16:00] <+rickf> nice wrbtrader
[16:00] <+xtractor> not a good sign to see traders selling into the close
[16:00] <@wrbtrader> wow
[16:00] <@wrbtrader> crazy "rush hour traffic"
[16:00] <+rickf> remember where you were
[16:00] <+rickf> tis one for the history books
[16:00] <+Tigerman> very nice wrb really :)
[16:01] <@wrbtrader> Yeah...nervous like when I was stuck downtown in Seattle during the WTO riots.
[16:01] <@wrbtrader> Moved a few years later to Quebec City and the same damn thing happen...condo was downtown smack in the middle of another WTO riot :(
[16:01] <@wrbtrader> Unbelivable events
[16:02] <@wrbtrader> FEAR
[16:02] <+MrYinYangTrader> my best day of the year yet..
[16:02] <+MrYinYangTrader> anyone use zenfire here?
[16:03] <+xtractor> fortunes are made and lost on days like this
[16:04] <+Tigerman> money goes from 1 poket to another
[16:04] <+Tigerman> we work so money fly in ours ... :)
[16:06] <+rickf> i sold an equity put at 1444 -- I just now got the email confirmation
[16:07] <@wrbtrader> The only thing I don't like about trading days like this is that some folks are going to show up at discussion forums and talk about how much money they made and that it was due to technical analysis.
[16:08] <@wrbtrader> That will sucker in a lot of new folks into thinking every trading day can be like this via TA.
[16:08] <@wrbtrader> :(
[16:08] <+rickf> it was luck, momentum, or prior positioning
[16:08] <+xtractor> no TA could have predicted this
[16:08] <@wrbtrader> My best 3 trades today was pure "market experience" and nothing else.
[16:08] <+xtractor> it was a fundemental fat finger :))
[16:09] <+rickf> my prior shorts, slightly underwater, exploded today
[16:09] <@wrbtrader> If it was a fat finger mistake...we'll find out about whom the trader was tomorrow.
[16:09] <+codehead> hm, interesting the timing of this... with wallstreet "reform", ya know
[16:09] <+rickf> mostly on sector etfs
[16:09] <@wrbtrader> If it wasn't...a name won't be given.
[16:09] <+codehead> finger point now, some say citigroup, they say "not me"
[16:10] <+Tigerman> one thing is clear the global economic view is in bad shape so many (individual and maybe istituition) sell
[16:11] <+Tigerman> of course now bargain hunter appear
[16:12] <+xtractor> citi is denying rumor
[16:13] <+Tigerman> any prof of big contract on mini ES book ?
[16:13] <+werner> gn all
[16:13] <+xtractor> maybe wall street shooting a cruise missle at the obama administration
[16:13] <+Tigerman> I cant' find any in those critical move on 13:45
[16:13] <+rickf> QOTDL "Sort of wish I had had CNBC on today, just for laughs. In truth, the http://selfdefineuserinfostring/stocktwits crowd was much more intelligent. $$"
[16:14] <+xtractor> margin clerks will working all night and i suspect a lot of forced selling in the morning
[16:14] <@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
[16:18] <+MrYinYangTrader> Marketwatch posted that nYSE said no technical glick
[16:18] <+MrYinYangTrader> glich
[16:18] <+codehead> dow got 51 point from the breaker (halt)
[16:19] <+MrYinYangTrader> http://www.marketwatch.com/story/nyse-n ... =afterbell
[16:22] <+rickf> ok guys time for a stiff drink or two !!
[16:22] <+Tigerman> I go take care all :)
[16:22] <+rickf> will be checking the AM and Asia open tonight too
[16:22] * rickf is now known as rickf_away
[16:24] <+xtractor> could this have been a terrorist act?
[16:24] <+xtractor> not all that crazy
[16:25] <+xtractor> to ponder
[16:25] <+Risk> we would probably never know the trueth
[16:25] <+Risk> but I think it was deliberately done by a small group
[16:26] <+Risk> maybe one company
[16:27] <+Risk> I would say that someone triggered some kind of a mechanism that governs most trading bots and exploited a flaw
[16:27] <+MrYinYangTrader> i second that. gs did it i bet :)
[16:28] <+Risk> :)
[16:28] <+MrYinYangTrader> someone knows something........
[16:30] <+MrYinYangTrader> i totally agreed with wrb statement on today action. no TA would have predicted that drop. i got luck and put in a profit target at 640 on both my swing and intraday trade
[16:31] <+xtractor> a lot of damage was done today
[17:07] <+Hen> How many points did you make today?
[17:07] <+Risk> u r funny H
[17:07] <+Risk> why don't u go through the room and add them up?
[17:07] <+Risk> and does that really matter?
[17:08] <+Risk> the question is - do u feel good about your trading 2day?
[17:09] <+Hen> I'm a pretty direct person.
[17:09] <+Risk> me 2 if you haven't noticed :))
[17:09] <+Risk> but seriously
[17:10] <+Risk> what does it matter what other people did?
[17:10] <+Risk> does it effect you in any way?
[17:10] <+Risk> sorry I don't mean to get on your case but I must have my period 2day
[17:12] <+Hen> No reason just curious
[17:14] <+MrYinYangTrader> how much you make depends on you risklevel
[17:15] <+Hen> Did you end the day positive YinYang
[17:16] <+MrYinYangTrader> yea... closed out my swing too
[17:16] <+Hen> cool
[17:17] <+Hen> Lot's of people got stopped out today
[17:18] <+MrYinYangTrader> yea... i would be pissed too if that happened to me
[17:18] <+MrYinYangTrader> just lucky i was on the right side of the trade
[17:18] <+MrYinYangTrader> pure luck
[17:20] <+Hen> That's probably a huge percentage of what trading is: Luck
[17:44] <@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
Session Close: Thu May 06 20:14:46 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
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 Post subject: Re: May 6th Thursday - Futures, ETFs and Forex Currencies
 Post Posted: Thu May 06, 2010 11:33 pm 
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Joined: Tue Dec 16, 2008 1:02 am
Posts: 3326
Location: Canada
15 min charts

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60 min charts

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