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 Post subject: May 11th Tuesday - Futures, ETFs and Forex Currencies
 Post Posted: Tue May 11, 2010 11:05 pm 
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Trader / Forum Admin

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: Tue May 11 09:20:48 2010
Session Ident: #FuturesTrades
[09:20] * Now talking in #FuturesTrades
[09:20] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:21] <pat255> gm all
[09:23] <PirateTrader> this will be fun: buy or sell the Gap Down here
[09:28] <@wrbtrader> Good morning all
[09:28] <+pat255> gm N
[09:29] <@wrbtrader> FYI - A few members have complained about too many traders in here are "LURKING"...not adding any content to the room.
[09:29] <drt> GM
[09:29] <@wrbtrader> Therefore, next monday I'll be putting in the password again here in #FuturesTrades.
[09:29] <@wrbtrader> Thus, only register members will be logging in.
[09:30] <+pat255> k N
[09:30] <@wrbtrader> If you want to become a registered member...you must follow the instructions @ viewforum.php?f=5
[09:30] <+pat255> S 45.75 again
[09:30] <@wrbtrader> No exceptions will be made
[09:31] <+pat255> out +1tick
[09:32] <+pat255> geez
[09:32] <Risk> new in 30 min
[09:32] <+Risk> new=news
[09:33] * +PirateTrader L ES 1145.25
[09:33] <@wrbtrader> Password to #FuturesTrades beginning next week on Monday is posted at your designated forum you're a member of...it will change Friday evening. Thus, make sure you log in to the forum on the weekend to get the password for next Monday.
[09:34] <+pat255> good entry ...knew it is going to shoot up ...
[09:34] * +PirateTrader Sell ES 1146.75 +1.5, no fill at 47
[09:34] <+PirateTrader> My big deal question was : a 10pt gap down - will it get bought or sold
[09:35] <+PirateTrader> but 1st 5min do not make a day
[09:35] <+pat255> true
[09:36] <+PirateTrader> watching spx 1150 now
[09:36] <+PirateTrader> 3x yesterday got dip bought here under spx 1150, lets see if that repeats here now
[09:38] <werner> gm all
[09:39] <+Risk> in praise of the UPS. I had a power failure this morning. gone through it without a hitch :)
[09:39] <+Risk> hi werner
[09:39] <+werner> hi risk
[09:39] <+PirateTrader> umm, next UP target is ES 1151.50 53 then 55
[09:39] <+pat255> y buy p/b
[09:40] <@wrbtrader> FYI - There's someone in here sending an occasional spam message via private message.
[09:40] <@wrbtrader> When I input the password...DO NOT share the password with any one...even someone that's been in here for many months.
[09:41] <+pat255> k...
[09:41] <@wrbtrader> The password change will get rid of the spammer and another trouble maker that's causing problems at other chat rooms.
[09:41] <xtractor> es 1148.75 resis
[09:41] <+pat255> L 48 es
[09:42] <+PirateTrader> no fill at short 49
[09:42] <+PirateTrader> not chasing
[09:42] <+pat255> out +1.5 half
[09:43] <+werner> bbl
[09:43] <+PirateTrader> everyone has to be thinking : repeat of last week: HUGE up monday on news, then last week down Tue-Fri huge. will it repeat now so contraian in me says maybe not, lol
[09:43] <+PirateTrader> nice L there pat
[09:44] <+pat255> got lucky usually i miss entries
[09:44] <+xtractor> shorts TF 683.7
[09:44] <+pat255> oout b/e
[09:44] <+PirateTrader> umm, volume is light
[09:47] <+pat255> dang missed this move
[09:51] <@wrbtrader> Long TF @ 685.70 -> small size
[09:51] <+pat255> guess just buy
[09:51] <@wrbtrader> 3 only
[09:51] <@wrbtrader> may add
[09:51] <+xtractor> short TF 686.7 add
[09:52] <+PirateTrader> dang, shoulda keep that L from 45
[09:52] * +PirateTrader L ES 1145.50
[09:52] <@wrbtrader> these VTR (volatilty) trades have been very consistent the past few years...more as I learn/understand volatility
[09:53] <+PirateTrader> wrbtrader: no rush at all but you have a PM
[09:53] * +PirateTrader out ES Long 52.25 -0.25 (last post was typo, entry was 52.50)
[09:54] <@wrbtrader> Exited all TF Long @ 686.70 --> + 1
[09:55] <+pat255> S es 52
[09:55] <+pat255> tight stop
[09:55] <+PirateTrader> Missed it but 5min ago Dow had 1st try at 10,750 and logically failed
[09:55] <+pat255> out 1
[09:56] <+pat255> k easy now ...
[09:58] <+PirateTrader> well was right earlier about 53 being a pivot. Which matches up with Dow 10,750
[09:58] <+pat255> wholesale inventories in 4 mins
[09:58] * +PirateTrader L ES 50.50, 1pt stop
[09:58] <+PirateTrader> offering 53
[09:59] <+Risk> news
[10:00] <+pat255> trend up for the time being
[10:00] <+pat255> no S
[10:00] <+PirateTrader> very nervous being long here
[10:00] <+PirateTrader> yesterday had lots more confidence taking Longs
[10:02] * +PirateTrader Out ES L at 52., +1.50, no fill at 53
[10:03] <+xtractor> cover part TF 684.2 +1 avg
[10:04] <+pat255> vn X
[10:04] * +PirateTrader S ES 50.0, 1pt stop
[10:07] * +PirateTrader cover ES 49.50+0.5, gotta get coffee, it can tank now
[10:08] <+xtractor> cover part TF 683.9 +1.3 avg
[10:12] <@wrbtrader> I've gotten a few registrations already after I posted that information about the password going to be used next Monday.
[10:14] <@wrbtrader> To qualify for the password...you need to only post a "broker profit/loss statement" and a "trader profile".
[10:14] <@wrbtrader> viewtopic.php?f=5&t=5
[10:14] <@wrbtrader> However, I've already gotten two private messages with concerns about the broker statements...
[10:15] <@wrbtrader> Thus, for this one time only, broker statements not required to get the password.
[10:15] <@wrbtrader> Just the "trader profile" will be required.
[10:15] <LP> nice :)
[10:15] <+pat255> geez quick loss on S ..
[10:16] <+pat255> 1 pt
[10:22] <+pat255> broke my only read on S side
[10:30] <@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
[10:33] <@wrbtrader> Shorts TF @ 685.00 -> small size
[10:33] <@wrbtrader> 2 only
[10:33] <@wrbtrader> :(
[10:35] <@wrbtrader> Covered all TF Short @ 685.00 --> 0
[10:35] <@wrbtrader> that entry was an error (fat finger)
[10:35] <@wrbtrader> :)
[10:37] <+werner> lol
[10:59] <+LP> good day all :)
[11:00] <@wrbtrader> low volatility so far
[11:01] <+pat255> y ...
[11:04] <+pat255> prolly close the gap
[11:10] <+pat255> missed L here ..too many distractions around
[11:11] <codehead_busy> trying to fill the gaps here
[11:14] <@wrbtrader> GAPs getting filled in key markets
[11:15] <+xtractor> short ES 1157
[11:17] <@wrbtrader> Tweezer Top Engulfing
[11:19] <+codehead_busy> short 10754 YM <paper>
[11:20] <+codehead_busy> this is out of sync with long frame tho, scalp
[11:20] <+xtractor> if SPX breaks above 1160 area then I'm wrong on my shorts
[11:21] <+Risk> nerves of steel u have X :)
[11:21] <@wrbtrader> Shorts TF @ 688.80 -> small size
[11:21] <+codehead_busy> exit half Ym +10 <paper>
[11:21] <@wrbtrader> 3 only
[11:21] <+codehead_busy> exit remainder YM +10 <paper>
[11:22] <@wrbtrader> tighten trail
[11:22] <+xtractor> Risk> it's all about probabilities
[11:25] <+xtractor> cover part ES 1155 +2
[11:28] <@wrbtrader> Covered all TF Short @ 689.60 --> - 0.8
[11:28] <+werner> nice codehead
[11:28] <@wrbtrader> Long TF @ 689.90 -> small size
[11:28] <@wrbtrader> 3 only
[11:28] <+codehead_busy> tick extreme
[11:29] <+xtractor> shorts TF 690.7 add
[11:29] <+codehead_busy> short YM 10751 <paper>
[11:30] <+codehead_busy> iffy
[11:30] <+pat255> man u guys have nerves of steel ..
[11:30] <+codehead_busy> exit half Ym +5 <paper>
[11:30] <+codehead_busy> flat stop on remainder <paper>
[11:30] <@wrbtrader> Exited all TF Long @ 690.40 --> + 0.5
[11:31] <+codehead_busy> exit remainder YM +0 <paper>
[11:32] <@wrbtrader> European Markets Closing (regular session)...only the europe futures still trading.
[11:33] <+werner> Shorts NQ @ 1944.50
[11:34] <@wrbtrader> Long TF @ 690.10 -> medium size
[11:34] <@wrbtrader> 4 only (2+2)
[11:34] <+werner> Covered all NQ Short @ 1946.50 --> - 2
[11:35] <@wrbtrader> Exited 1/2 TF Long @ 691.70 --> + 1.6
[11:35] <+pat255> vn
[11:36] <+werner> indd
[11:37] <+pat255> dis not take my own advice ..:(
[11:37] <@wrbtrader> Exited TF Long @ 693.10 --> + 3
[11:37] <@wrbtrader> Holding 1 contract remainder
[11:37] <+pat255> vvn
[11:38] <@wrbtrader> had a great trade entry after another VTR (volatility) signal
[11:39] <+codehead_busy> short ES 1159.50 <paper>
[11:39] <+codehead_busy> 3 tick stop only
[11:39] <@wrbtrader> trail tighten @ profit
[11:42] <@wrbtrader> Interesting...TF currently at/near that infamous support level that broke last Thursday around 1115am est...a few hours before the infamous "fat finger" price drop.
[11:42] <+codehead_busy> exit ES -.50 <paper>
[11:47] <+werner> Shorts NQ @ 1952.00
[11:47] <+codehead_busy> nice entry i think werner
[11:48] <+werner> i hope so :)
[11:48] <@wrbtrader> Exited Remainder TF Long @ 692.00 --> + 1.9
[11:49] <+werner> wow nice wrbtrader
[11:49] <+pat255> k guys back to office ty all
[11:49] <+codehead_busy> oil took a little hit there
[11:51] <+werner> Covered all NQ Short @ 1949.00 --> + 3
[11:52] <+codehead_busy> nice
[11:57] <+werner> :)
[11:58] <+codehead_busy> short Ym 10780 <paper>
[11:58] <@wrbtrader> Long TF @ 694.00 -> small size
[11:58] <@wrbtrader> 2 only
[11:59] <@wrbtrader> intuition
[11:59] <+codehead_busy> exit YM +7 <paper> half
[11:59] <@wrbtrader> Exited all TF Long @ 693.70 --> - 0.3
[11:59] <+codehead_busy> stop 10784 remainder <paper>
[11:59] <+codehead_busy> exit Ym +10 remainder <paper>
[12:00] <@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
[12:00] <+codehead_busy> very divergent on short frame
[12:01] <@wrbtrader> Long TF @ 639.50 -> small size
[12:01] <@wrbtrader> 2 only
[12:01] <@wrbtrader> intuition
[12:01] <+werner> nice codehead
[12:03] <+codehead_busy> short ES 1161.25 <paper>
[12:04] <+codehead_busy> 1 pt stop, very iffy
Image
[12:04] <@wrbtrader> Exited all TF Long @ 694.70 --> + 55.2
[12:04] <@wrbtrader> :)
[12:04] <@wrbtrader> oooops
[12:04] <@wrbtrader> posted wrong entry
[12:04] <+werner> vvvvvvvvvvvvvvvvvn
[12:05] <+xtractor> shorts TF 694.7 add
[12:05] <+werner> lol
[12:05] <@wrbtrader> 693.50 was the correct entry
[12:05] <@wrbtrader> +1.2
[12:05] <+codehead_busy> exit half ES +.75 <paper>
[12:05] <+codehead_busy> exit remainder +1.00 <paper>
[12:06] <+Risk> [11:22:44] <xtractor> Risk> it's all about probabilities. no offence (and surely your success will atest to the fact that based on YOUR syste, the probabilities are on your side, but this reminds me of myself when I thought I was right and I kept adding positions to other losing positions. It was an EGO THING where I did not want to admit that I was wrong. I still do that ocasionallu :(
[12:07] <+codehead_busy> short ES 1161.25 <paper> (again)
[12:07] <+codehead_busy> same stop
[12:07] <+codehead_busy> 1162.25
[12:07] <+Risk> yousaid that if it breaks 1160 you'll admit that u r wrong. since TF and ES move in sync most of the time, why go against a freight train?
[12:07] <+codehead_busy> exit half +.50
[12:07] <+codehead_busy> <paper>
[12:08] <+codehead_busy> exit ES -.25 <paper>
[12:18] <+codehead_busy> short Ym 10800 <paper>
[12:18] <+codehead_busy> 6 tick stop
[12:19] <+codehead_busy> exit half Ym +7 <paper>
[12:20] <+codehead_busy> b/e stop on remainder
[12:21] <+codehead_busy> lower stop to 10790 YM <paper>
[12:21] <+codehead_busy> exit Ym +16 <paper>
[12:22] <+xtractor> Risk> Please...I'm not here to debate my trades
[12:22] <+Risk> I don't remember doing that
[12:22] <+Risk> it was a comment just like anyone e;se's
[12:22] <+Risk> if u don't want to comment - DON'T
[12:24] <@wrbtrader> Risk...use the private message. I continue telling you that month after month when you "make comments about someone's trades".
[12:25] <@wrbtrader> Not sure why you don't get it :(
[12:25] <+Risk> u r right
[12:25] <+Risk> old age i guess
[12:25] <+Risk> acually I thought that we can learn from comments in this room
[12:25] <+Risk> I guess I was wrong about that too :(
[12:29] <@wrbtrader> You're wrong when "I" continue REQUESTING you to use the private message for such discussions.
[12:30] <@wrbtrader> Simply, you're ignoring my request and you know what happens one day if I show up in a bad mood.
[12:32] <StarLight> I feel Risk is hinting about the trend is up. He doesnt has any bad intention. *smiles*
[12:33] <+Risk> :) SL
[12:33] <@wrbtrader> Hinting and debating about ones trades are different things...
[12:33] <@wrbtrader> One can be done publicly while the other via private message.
[12:34] <+Risk> a hint - I think th e market is in an up trend ....
[12:34] <+Risk> i won't say more
[12:35] <@wrbtrader> If you guys don't know how to use the private message...
[12:35] <@wrbtrader> It's simple...double click on the user name.
[12:47] <+MrYinYangTrader> Shorts TF @ 696.3
[12:48] <@wrbtrader> TF still in a low volatility creeper price rise
[12:49] <+MrYinYangTrader> Covered all TF Short @ 697.4 --> - 1.1
[12:49] <+MrYinYangTrader> not going to fight this
[12:54] <+Risk> I was thinking about this for a while now and this is my last comment on the subject. X, I did not mean to offend you by my comments. It was more to re-enforce in me not to do things that will be distructive to my account, and hopefully help some other poor soal in the process. (over and out)
[13:02] <+codehead_busy> short NQ 1959.00 <paper>
[13:03] <+codehead_busy> might be a little early to this, or need a wider stop
[13:03] <+codehead_busy> in fact, very tight stop, see how it behaves, 5 ticks stop <paper>
[13:03] <+codehead_busy> might get one more pop before longer frame turned down
[13:04] <+codehead_busy> cuz short frame could move up here, but looks like longer frames turning
[13:05] <+codehead_busy> exit half +1.00 NQ <paper>
[13:05] <+codehead_busy> (to mitigate tight stop)
[13:09] <+codehead_busy> NQ loves to retest before changing direcitions, doesn't it
[13:11] <+codehead_busy> exit -1.25 NQ reminader <paper>
[13:12] <+codehead_busy> well, too tight lol
[13:12] <+codehead_busy> signals sayign down
[13:16] <+codehead_busy> short NQ 1959.75 <paper>
[13:17] <+codehead_busy> stop at -2.50 <paper>
[13:20] <+codehead_busy> exit NQ +3.00 <paper>
[13:25] <+codehead_busy> short 1959.75 NQ <paper>
[13:25] <+codehead_busy> again
[13:25] <+codehead_busy> last time
[13:25] <+codehead_busy> .50 stop
[13:25] <+codehead_busy> exit half NQ +1.00 <paper>
[13:25] <+PirateTrader> test
[13:25] <+PirateTrader> lol; explain to be how i'm on IRC but yet browser and yahoo IM says no-connection
[13:27] <@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
[13:27] <+MrYinYangTrader> POC moved on NQ to this range
[13:28] <+codehead_busy> exit NQ remainder +2.00 <paper>
[13:30] <+codehead_busy> short NQ 1959.00 <paper> just 1c
[13:30] <+codehead_busy> stop flat <paper>
[13:30] <+codehead_busy> tick extreme
[13:30] <+werner> back
[13:31] <+codehead_busy> lower stop NQ 1958.00<paper>
[13:32] <+codehead_busy> stopped NQ +1.00 <paper>
[13:32] <+codehead_busy> another tick extreme
[13:33] <+codehead_busy> against macd divergence
[13:34] <+MrYinYangTrader> tf is on its own..
[13:34] <+codehead_busy> short 1c NQ 1959.25 <paper> 1 pt stop
[13:34] <+codehead_busy> iffy
[13:35] <+codehead_busy> exit NQ +1.25 <paper>
[13:35] <+Risk> Shorts TF @ 699.4 «« simulator »»
[13:35] <+Risk> missed the 700 level
[13:35] <@wrbtrader> TF above the last weeks last support failure.
[13:36] <@wrbtrader> All those support failure (now resistance) are spread apart nicely.
[13:36] <+MrYinYangTrader> Shorts TF @ 699.30
[13:37] <+codehead_busy> oil dip
[13:37] <+MrYinYangTrader> cl selling
[13:37] <+Risk> Covered 1/2 TF Short @ 698.9 --> + 0.5 «« simulator »»
[13:37] <+Risk> Covered Remainder TF Short @ 698.5 --> + 0.9 «« simulator »»
[13:37] <+Risk> cannot type fast enough
[13:43] <@wrbtrader> Long TF @ 699.50 -> small size
[13:43] <@wrbtrader> 1 only
[13:43] <+codehead_busy> short 1c NQ 1959.25 <paper> 1 pt stop--last try if stop touches, very dicey
[13:44] <+codehead_busy> exit NQ -1.00 1c <paper>
[13:44] <+codehead_busy> another tick extreme
[13:44] <+codehead_busy> kinda thought this looked like buyers buyign all day--large divergence, very little pb
[13:44] <@wrbtrader> Treasury Budget report coming soon at 2pm est
[13:45] <+codehead_busy> thx
[13:45] <+Risk> my last short was not the smartest thing to do. definately went against my rules. The problem is that sometimes it works and that re-enforces bad habits :(
[13:45] <@wrbtrader> It may be a barn burner with all this "low volatility " price action
[13:45] <+codehead_busy> i've only taken 2 real trades today, green only slight, feel i missed the bus by ignoring my long signals
[13:46] <@wrbtrader> geeesh
[13:46] <@wrbtrader> Exited TF Long @ 701.00 --> + 1.5
[13:46] <+Risk> DO THE UNCOMFORTABLE is my new moto. Once the bus/train leaves the station it is very difficult to climb aboard but it is the right thing to do.
[13:57] <@wrbtrader> I see a hangman and if it gets engulfed...I'll be looking to get short
[13:57] <+codehead_busy> if NQ ever gets some selling, 1951 a POSSIBLE TARGET
[13:57] <+codehead_busy> oops
[13:57] <@wrbtrader> Feels like the market is "daring" me to short her :)
[13:58] <+codehead_busy> i hear ya
[13:58] <+codehead_busy> ES has a res 1170 area
[13:58] <+codehead_busy> so possible that was the squeeze
[13:58] <+codehead_busy> to short into
[13:58] <@wrbtrader> TF within a key price area
[13:59] <@wrbtrader> If that area losses it's support...I'm short
[13:59] <@wrbtrader> Shorts TF @ 702.10 -> small size
[13:59] <@wrbtrader> 2 only
[14:02] <@wrbtrader> Covered all TF Short @ 702.00 --> + 0.1
[14:03] <@wrbtrader> Decided it was best to wait for the "treasury budget" 2pm est price reaction
[14:04] <@wrbtrader> Long TF @ 703.10 -> small size
[14:04] <@wrbtrader> 3 only
[14:04] <@wrbtrader> intuition
[14:05] <@wrbtrader> tight stop
[14:07] <+PirateTrader> sorry, late post, /me short ES 1168 aka SPX 1170 (big pivot)
[14:08] <@wrbtrader> Exited all TF Long @ 703.10 --> 0
[14:08] <@wrbtrader> :(
[14:08] <+PirateTrader> SPX 1170 is the 50dma
[14:09] <@wrbtrader> Shorts TF @ 702.40 -> medium size
[14:09] <@wrbtrader> 4 only
[14:10] * +PirateTrader covers some 1165, +3.5
[14:10] <@wrbtrader> not going to hang around too long in this Short because I still have a bullish bias
[14:10] <+PirateTrader> would love 2hrs of seeling
[14:10] <+PirateTrader> 1st kiss at 1170 50dma not a minor thing
[14:12] <werner> i missed the short
[14:12] <@wrbtrader> trail tighten
[14:12] <@wrbtrader> Covered all TF Short @ 702.10 --> + 0.3
[14:13] * +PirateTrader cover more ES65+3s
[14:13] <+PirateTrader> trail rest
[14:13] <+PirateTrader> typo
[14:13] <+PirateTrader> covered at 63s for +5
[14:14] <+Risk> Shorts TF @ 701 «« simulator »»
[14:14] <@wrbtrader> Long TF @ 701.40 -> medium size
[14:14] <@wrbtrader> 4 only
[14:15] <@wrbtrader> so far I'm not getting what I wanted in this increasing volatility :(
[14:15] <@wrbtrader> Exited all TF Long @ 701.30 --> - 0.1
[14:17] <@wrbtrader> support failure
[14:18] <@wrbtrader> Shorts TF @ 700.40 -> medium size
[14:18] <@wrbtrader> 4 only
[14:18] <+Risk> Covered all TF Short @ 700.4 --> + 0.6 «« simulator »»
[14:18] <@wrbtrader> choppy now :(
[14:19] <+codehead_busy> mentioned 1951 earlier, it's 1951.50 to be precise
[14:19] <+codehead_busy> almost there
[14:19] <+codehead_busy> hit
[14:20] * +PirateTrader cover more ES 58s+10
[14:20] <@wrbtrader> Covered 3/4 TF Short @ 699.30 --> + 1.1
[14:21] <@wrbtrader> trailing @ profit
[14:21] <+codehead_busy> long NQ 1951.50 <paper>
[14:21] * +PirateTrader cover rest 59s+9
[14:21] <+PirateTrader> tempted to long it now
[14:21] <@wrbtrader> Covered Remainder TF Short @ 700.00 --> + 0.4
[14:21] <+codehead_busy> exit NQ +3.00 <paper>
[14:22] <+PirateTrader> AAPL sure is stronger than ES at the moment
[14:22] <@wrbtrader> Long TF @ 699.50 -> small size
[14:23] <@wrbtrader> 1 only
[14:23] <+werner> I am now 10 years day in and day out on a chair and start to suffer a lot of my back ...... gymnastics is needed here! it's a tough job...pff
[14:23] <+PirateTrader> that UP spike at 130p , there was no news was there? just buying?
[14:24] <@wrbtrader> Exited TF Long @ 700.10 --> + 0.6
[14:25] <@wrbtrader> Long TF @ 700.40 -> small size
[14:25] <@wrbtrader> 2 only
[14:25] <@wrbtrader> intuition in reaction to prior Long
[14:26] <@wrbtrader> Come on TF...hold the support
[14:28] <@wrbtrader> Exited all TF Long @ 700.00 --> - 0.4
[14:30] <+codehead_busy> 10:57 codehead_busy: if NQ ever gets some selling, 1951 a POSSIBLE TARGET
[14:30] <+codehead_busy> gee that was a goodie huh
[14:30] <+PirateTrader> next dn target es 56.5
[14:33] <+PirateTrader> and it prints 56.5
[14:33] <@wrbtrader> increasing volatility still
[14:34] <@wrbtrader> Shorts TF @ 697.60 -> medium size
[14:34] <@wrbtrader> 4 only
[14:34] <@wrbtrader> intuition
[14:34] <@wrbtrader> within a key price area
[14:35] <@wrbtrader> this chop is killing the ability to be discipline and stay with the Short positions :(
[14:36] <+werner> 42/43 maybe sup nq
[14:36] <@wrbtrader> Covered 3/4 TF Short @ 696.10 --> + 1.5
[14:38] * +PirateTrader cover rest of ES ++ target 56s hits, rev to tiny Long
[14:39] <@wrbtrader> Covered Remainder TF Short @ 697.30 --> + 0.3
[14:40] * +PirateTrader add L ES 57.50
[14:42] <+xtractor> covers part ES 1156 +6 avg
[14:42] <+codehead_busy> long ES 1155.50 <paper>
[14:42] <+codehead_busy> 1 pt stop
[14:43] <+werner> Long NQ @ 1944.00
[14:43] <+codehead_busy> exit half ES +1.25 <paper>
[14:46] <+codehead_busy> exit remainder ES +2.50<paper>
[14:48] <+PirateTrader> 61s be nice
[14:48] <+werner> Exited all NQ Long @ 1947.00 --> + 3
[14:50] * +PirateTrader out 1/2 ES Longs 59+2ish
[14:50] <+PirateTrader> offering 1/4 at 61s
[14:56] <+codehead_busy> bounces on YM and ES were .382
[14:56] <+codehead_busy> NQ a pt short
[14:57] <@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
[15:00] * +PirateTrader BE stop hit: flat ES
[15:03] <+PirateTrader> crap, ES quote
[15:03] <+PirateTrader> lost quotes
[15:04] <+PirateTrader> es quote please
[15:04] <+xtractor> 1154
[15:04] <+PirateTrader> crap then
[15:04] <+PirateTrader> thanks
[15:04] <+PirateTrader> if 1150 is lost, would u shout please
[15:08] <+werner> Long NQ @ 1943.25
[15:10] <+werner> Exited all NQ Long @ 1939.25 --> - 4
[15:11] * +PirateTrader L ES 54 off the 53.50 pivot (from yesterday
[15:15] <+werner> Long NQ @ 1943.00
[15:16] * +PirateTrader out +1.5 on 1/2, be rest
[15:17] <rickf> hi guys - thought you'd like to read the statements from the CFTC and exchanges for the hearing going on right now about the FlashCrash
[15:17] <+rickf> http://www.house.gov/apps/list/hearing/ ... 0710.shtml
[15:17] <+rickf> some interesting stuff there
[15:17] <+werner> Exited all NQ Long @ 1940.25 --> - 2.75
[15:18] <+xtractor> thanks Rick
[15:18] <+rickf> np
[15:18] <+rickf> not trading this week - computer needs new hard drive
[15:18] <+werner> Shorts NQ @ 1938.50
[15:19] <+xtractor> covers part ES 1153 +9 avg
[15:19] * +PirateTrader out ES L 1/2 at BE
[15:19] <+werner> Shorts NQ @ 1940.00 -> Add
[15:21] <+werner> Covered 1/2 NQ Short @ 1937.00 --> + 3
[15:22] <+codehead_busy> nice
[15:23] <+rickf> vn
[15:24] <+werner> mm
[15:24] * +PirateTrader back L ES 53.50
[15:28] <+werner> Covered all NQ Short @ 1941.00 --> - 2.5
[15:29] * +PirateTrader out some ES L 55+1.5
[15:29] <+PirateTrader> next up 58 then 61
[15:31] <+werner> Long NQ @ 1940.00
[15:34] <+werner> Long NQ @ 1940.00 -> Add
[15:36] <+werner> Exited 1/2 NQ Long @ 1943.50 --> + 3.5
[15:37] * +PirateTrader out some L ES 56s+3
[15:37] <+PirateTrader> come on 58s and 61
[15:41] <+werner> Long NQ @ 1945.25 -> Add
[15:47] <+rickf> Flashcrash hearing on CSPAN3
[15:47] <+rickf> talking about eminis
[15:53] <+werner> Exited all NQ Long @ 1941.00 --> - 3.25
[15:57] <+PirateTrader> never got my sell at 58.50
[15:57] * +PirateTrader sell last ES Long 54.5+1;
[15:58] <+MrYinYangTrader> this doesn't look good with a sell off to the end of day
[15:58] <+MrYinYangTrader> Covered 1/2 TF Short @ 694.2 --> + 5.1
[15:58] <+werner> Shorts NQ @ 1940.00
[15:59] <+PirateTrader> factor in Monday's +400 day
[15:59] <+PirateTrader> and that we went higher than that today
[15:59] <+PirateTrader> nice trade range for tomorrow
[15:59] <+Risk> some1 in the CSPAN broadcast is talking about FEAR & GREED as a probable cause of Thursday's moves. Yeah right. as if the public can move the market to such extremes and not some computers ....
[15:59] <+PirateTrader> not bullish or bearish
[15:59] <+PirateTrader> we hit the 50dma today at 1170spx
[16:00] <+PirateTrader> and retraced and look to close about 1/2 retrace of todays L/H, that's neutral, not bearish
[16:00] <+rickf> ding
[16:00] <+werner> Covered all NQ Short @ 1937.50 --> + 2.5
[16:00] <+Risk> do these people think that the public is THAT stupid or they know that the public cannot do anything
[16:01] <+rickf> yes
[16:01] <+Risk> :)))
[16:01] <+rickf> jeez get off the damn hacker kick, people
[16:01] <+Risk> well, they mentioned HFT
[16:01] <+Risk> that's a start
[16:02] <+rickf> a few of 'em did in thei ropening comments
[16:02] <+MrYinYangTrader> Covered all TF Short @ 692.8 --> + 6.5
[16:02] <+xtractor> what's embarrassing is the fact they are clueless as to what happened
[16:02] <+Risk> vn MrYY
[16:02] <+Risk> i don't thik they r
[16:02] <+MrYinYangTrader> tks
[16:02] <+Risk> they r just not telling
[16:02] <+rickf> yeah really --- it's too darn profitable
[16:02] <+xtractor> you may be correct
[16:02] <+rickf> complexity is profitable
[16:03] <+Risk> sometimes I want to run for office but I don't have enough money to do that
[16:03] <+rickf> us politics is a cesspool ... plus if u can think for yourself you are not a good political candidate
[16:03] <+Risk> I might be SILENCED (wink wink) very quickly
[16:04] <+rickf> i thought about it in the mid -90s when working on the hill
[16:04] <+rickf> soooo glad i didnt
[16:04] <+PirateTrader> I once lived with a lawyer who was on staff to a US senator
[16:04] <+Risk> rickf, judging by my performance in this room, how much time would u give me in office ALIVE? :))
[16:04] <+PirateTrader> the insanity i heard about daily
[16:05] <+rickf> lol
[16:05] <+PirateTrader> and watching the bribery in action at those dinner parties, legal bribery aka lobbyists
[16:05] <+PirateTrader> was disgusting
[16:06] <+rickf> dont get me started, pt..
[16:06] <+PirateTrader> yea, lets not ruin our appetite
[16:06] <+rickf> bad enough on the otside, inside it's a whole different world
[16:06] <+xtractor> covers all ES 1153 +9 avg
[16:06] <+rickf> but anyway, i'm off ... just wanted to check in and pass along the URL to the hearing documents
[16:06] <+rickf> vn xtractor
[16:06] <+rickf> see y'all later
[16:07] <+Risk> thanks rick
[16:08] <+werner> trade and post like wrbtrader ....thats the only way too succes
[16:08] <+Risk> there is another way
[16:08] <+Risk> b a politician
[16:08] <+werner> all taht swing trade trade is not for real!!!
[16:09] <+werner> i know ...it sit here for 10 years
[16:09] <+xtractor> covers all TF 691.9 -0.8 avg
[16:11] <+werner> taht=that
[16:13] <+werner> i sit
[16:15] <+werner> if its real money you cant hold swing trades
[16:15] <+werner> sim its easy
[16:15] <+Risk> gold hit 1235 2day
[16:18] <+Risk> habdi habdi habdi that's all folks :)
[16:18] <+werner> :)))
[16:19] <+Risk> gn all. X also :)
[16:19] <+werner> gn risk
[16:23] <+werner> gn all
[16:24] <@X> #FuturesTrades Purpose -> Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended. More info about the chat room @ http://www.thestrategylab.com/ftchat/forum
[17:03] <Hen> Pretty good trade today MrYinYangTrader
[17:54] <@X> #FuturesTrades Purpose -> Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended. More info about the chat room @ http://www.thestrategylab.com/ftchat/forum
[18:35] <+PirateTrader> just got back from dinner, was there news? or just selling cont from 50dma at 1170
[19:24] <@X> #FuturesTrades Purpose -> Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended. More info about the chat room @ http://www.thestrategylab.com/ftchat/forum
Session Close: Wed May 12 00:00:00 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 VXX, DIA, IWM, QQQQ, SPY, BGU, FAS, FAZ, TNA, OIH, XLE and GLD

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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