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trading tips that may or may not help with your trading.
Therefore, we welcome all traders with their own methods or different perspective of the markets as long as they do not violate our
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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 May 20 09:31:05 2010
Session Ident: #FuturesTrades
[09:31] * Now talking in #FuturesTrades
[09:31] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:38] <@wrbtrader> Long TF @ 658.30 -> small size
[09:38] <@wrbtrader> 3 only
[09:40] <@wrbtrader> Exited all TF Long @ 657.90 --> - 0.4
[09:40] <@wrbtrader> a little choppy
[09:40] <pat255> hmmm as usual TF beast
[09:41] <Time4now> I'd like to get long around the 56 ish area
[09:42] <Inertia> news in 18 min
[09:42] <Sidhartha> philly fed
[09:42] <+Inertia> y
[09:42] <+Inertia> and CB leading index
[09:44] <+Sidhartha> messy price action out of the gate
[09:45] <@wrbtrader> Shorts TF @ 655.00 -> medium size
[09:45] <@wrbtrader> 4 only
[09:46] <@wrbtrader> Covered all TF Short @ 654.80 --> + 0.2
[09:48] <@wrbtrader> Shorts TF @ 654.90 -> medium size
[09:48] <@wrbtrader> 4 only
[09:48] <@wrbtrader> intuition in reaction to prior trail hit
[09:50] <@wrbtrader> Covered all TF Short @ 657.30 --> - 2.4
[09:50] <@wrbtrader>
[09:50] <+Inertia>
[09:50] <+pat255>
oh man
[09:51] <+Inertia>
[09:52] <@X> #FuturesTrades Purpose -> Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended. More info about the chat room @
http://www.thestrategylab.com/ftchat/forum[09:54] <+pat255> reports in 5 minutes
[09:55] <@wrbtrader> I'm very bearish
[09:56] <+pat255> Philly Fed Manufacturing Index
[09:57] <@wrbtrader> Shorts TF @ 657.40 -> medium size
[09:57] <@wrbtrader> 5 only
[09:59] <@wrbtrader> trailing @ profit
[09:59] <@wrbtrader> won't make the same mistake again as I did on my trailing stop adjustment on the prior trade
[10:01] <@wrbtrader> Covered TF Short @ 654.90 --> + 2.5
[10:01] <@wrbtrader> Holding 1 contract remainder
[10:01] <+pat255> vn N to recover
[10:02] <@wrbtrader> Covered Remainder TF Short @ 656.40 --> + 1
[10:02] <+Time4now> lots of shadows in 5min
[10:03] <@wrbtrader> Yes
[10:03] <@wrbtrader> I expected a lot more volatility which is why my overall position size has increased...
[10:03] <@wrbtrader> Not getting the volatility except for the chop...
[10:04] <@wrbtrader> Will change plans and "decrease" my average position size
[10:04] <+pat255> so L side pressure time?
[10:05] <+Time4now> 1hour chart has deep shadow as well, yes
[10:09] <+Sidhartha> tough price action
[10:09] <+pat255> y
[10:10] * +Time4now long tf 5.1
[10:10] <+Inertia> Shorts TF @ 654.5 «« simulator »»
[10:11] * +Time4now out 4.6 ouch
[10:11] <+Inertia> Covered all TF Short @ 655.2 --> - 0.7 «« simulator »»
[10:12] <+Inertia> Shorts TF @ 654 «« simulator »»
[10:13] <+Sidhartha> need to wait for this chop to clear
[10:13] <@wrbtrader> Shorts TF @ 654.70 -> small size
[10:13] <@wrbtrader> 3 only
[10:14] <+Inertia> Covered 1/2 TF Short @ 652.4 --> + 1.6 «« simulator »»
[10:15] <@wrbtrader> the chop moves fast
[10:15] <+Inertia> Covered Remainder TF Short @ 652.4 --> + 1.6 «« simulator »»
[10:15] <@wrbtrader> that's what making this a sucky price action...tough to manage a trade
[10:15] <+Sidhartha> yup
[10:15] <+pat255> nice read on that S
[10:15] <+Sidhartha> i got stopped out of a short only to see it plunge the very next interval
[10:16] <+pat255> no trade yet ...
[10:17] <@wrbtrader> Covered all TF Short @ 651.90 --> + 2.8
[10:17] <@wrbtrader> using trails today is almost useless
[10:17] <JimL1> my DOM is showing the "normal volumes" on the bid/ask. do you concur? this causes wild bid/ask ranges = choppiness?
[10:18] <+JimL1> HALF the normal
[10:19] <@wrbtrader> Usually when I see fast trades in a "pin ball machine" like price action...
[10:19] <@wrbtrader> I point the finger at those big boys doing "high frequency trading".
[10:20] <+JimL1> but are your DOM volumes 1/2 normal?
[10:20] <+Inertia> Shorts TF @ 651.2 «« simulator »»
[10:20] <@wrbtrader> JimL1...measured against yesterday
[10:21] <+Inertia> Covered 1/2 TF Short @ 650.4 --> + 0.8 «« simulator »»
[10:21] <+Inertia> Covered Remainder TF Short @ 650.3 --> + 0.9 «« simulator »»
[10:22] <MrYinYangTrader> this is an orderly decline
[10:22] <+JimL1> no last week, normal over time, total laddr on my tf dom is between 100-300 usually 500-800 on the 5 tier laddr
[10:23] <+JimL1> es is usually 6000-12000 this week 3000-6000
[10:23] <+JimL1> also a 5 teir ladder
[10:24] <@wrbtrader> Shorts TF @ 648.00 -> small size
[10:24] <@wrbtrader> 3 only
[10:24] <@wrbtrader> intuition
[10:25] <@wrbtrader> Covered all TF Short @ 647.70 --> + 0.3
[10:25] <@wrbtrader> geeeesh
[10:26] <+MrYinYangTrader> Shorts TF @ 648.00
[10:27] <+MrYinYangTrader> Covered all TF Short @ 647 --> + 1
[10:27] <+MrYinYangTrader> that's the fast 1 buck i every got
[10:27] <+MrYinYangTrader> fastest
[10:28] <+MrYinYangTrader> Shorts TF @ 648.80
[10:30] <+MrYinYangTrader> Covered all TF Short @ 649 --> - 0.2
[10:32] <+MrYinYangTrader> Long TF @ 649.70
[10:33] <+Inertia> Shorts TF @ 649.4 «« simulator »»
[10:33] <+Inertia> Covered all TF Short @ 650.4 --> - 1 «« simulator »»
[10:33] <+Inertia> Shorts TF @ 651.3 «« simulator »»
[10:34] * +Time4now short tf 52.8
[10:35] <rickf>
[10:35] <+MrYinYangTrader> Exited all TF Long @ 651.90 --> + 2.2
[10:36] <+pat255> vn yin
[10:36] <+MrYinYangTrader> thks
[10:36] * +Time4now out be
[10:36] <+pat255> took a s lower glad got out b/e in a hurry
[10:38] <+MrYinYangTrader> Shorts TF @ 651
[10:38] <+MrYinYangTrader> scary short here
[10:40] <+pat255> y but working
[10:40] <+Inertia> Covered 1/2 TF Short @ 648.9 --> + 2.4 «« simulator »»
[10:40] <+MrYinYangTrader> every shot is scary with ppt
[10:41] <+MrYinYangTrader> short
[10:41] <+pat255> was thinking l as p/b but noooo down it goes
[10:41] <+MrYinYangTrader> we need some price action under 644.7
[10:41] <+MrYinYangTrader> fill in those missing gaps
[10:42] <+Inertia> Covered Remainder TF Short @ 648 --> + 3.3 «« simulator »»
[10:44] <+MrYinYangTrader> Covered all TF Short @ 649.4 --> + 1.6
[10:45] <+pat255> vn
[10:45] <+MrYinYangTrader> Shorts TF @ 649.20
[10:46] <+MrYinYangTrader> Covered all TF Short @ 649 --> + 0.2
[10:48] * +Time4now short 50.6
[10:48] <+MrYinYangTrader> Shorts TF @ 650.50
[10:49] <+MrYinYangTrader> tight stop
[10:49] <+Inertia> Shorts TF @ 649.9 «« simulator »»
[10:50] <+MrYinYangTrader> trailing stop to breakeven +1
[10:50] <+Inertia> Covered all TF Short @ 648 --> + 1.9 «« simulator »»
[10:50] <+MrYinYangTrader> i mean +.10
[10:50] <+Inertia> Covered Remainder TF Short @ 648.9 --> + 1 «« simulator »»
[10:50] * +Time4now out be
[10:50] <+MrYinYangTrader> Covered all TF Short @ 650.40 --> + 0.1
[10:50] <+Inertia> +1 not +1.9
[10:50] <+MrYinYangTrader> geez
[10:51] <+pat255> geez look at this moves cant trade it
[10:51] <+MrYinYangTrader> Shorts TF @ 650.90
[10:53] <+MrYinYangTrader> Covered all TF Short @ 651.30 --> - 0.4
[10:55] <+MrYinYangTrader> Shorts TF @ 650.50
[10:55] <+MrYinYangTrader> either i can't read my volumne or something is wrong with my feed again
[10:56] * +Time4now long yen 64
[10:57] <+Sidhartha> vol has been carried in a coffin
[10:57] <+Sidhartha> out in a coffin even
[10:59] <+MrYinYangTrader> vwap is stopping all the index atm
[10:59] <+MrYinYangTrader> algo are
reversion to the mean
[10:59] <+MrYinYangTrader> one side is going to win
[11:00] <+MrYinYangTrader> ii need some momo to downside here
[11:02] * +Time4now out 57
[11:02] <+Sidhartha> i'm not with you YY... you mean vwap orders are stopping the market trading down...
[11:03] <+MrYinYangTrader> no stopping the market from coming up
[11:04] <+Sidhartha> right... got you... the mean being higher than here
[11:04] <+MrYinYangTrader> there's algo that plays' that , while there's algos that are just selling against that
[11:05] <+MrYinYangTrader> you can use it to measure the strength
[11:05] <+JimL1> Europe closing now, so US can trade on its own, we'll see where institutions take us
[11:05] <+Sidhartha> sure... the desk I used to work on did a lot of vwap trading
[11:05] <+Sidhartha> acts a little like POC I guess
[11:05] <+MrYinYangTrader> yea
[11:05] <+MrYinYangTrader> they work well together
[11:06] <+Sidhartha> you use pivots too...
[11:06] <+MrYinYangTrader> yes...
[11:06] <+Sidhartha> there must be lines all over the place!
[11:06] <+MrYinYangTrader> can't use those for signal entral though
[11:06] <+MrYinYangTrader> Covered Remainder TF Short @ 650 --> + 0.5
[11:06] <+Sidhartha> more for PT's...
[11:07] <+MrYinYangTrader> more for measurement of strength.. all those.. im just a price action guyt
[11:09] <+MrYinYangTrader> Shorts TF @ 651.
[11:10] <+MrYinYangTrader> Covered all TF Short @ 6511 --> - 5860
[11:10] <+MrYinYangTrader> lol
[11:10] <+MrYinYangTrader> exit at 651.1
[11:11] <+MrYinYangTrader> Shorts TF @ 650.90
[11:11] <+MrYinYangTrader> stop at 651.80
[11:14] <+pat255> yy sid what tf chart u have the vwap? 5 m 15m or lower tf
[11:15] <+MrYinYangTrader> 2mins for vwap and poc...
[11:15] <+pat255> k ty
[11:15] <+Inertia> just in case people are not aware of this - if you make a mistake on the EXIT price you can enter another exit command with the correct price
[11:15] <+MrYinYangTrader> more whip saw around though..don't use it for trading signal.. just for feels
[11:15] <+Inertia> apparently the script keeps the last entry price even after you exit
[11:15] <+MrYinYangTrader> thanks inertia i didn't know that
[11:16] <+Inertia> yrwc
[11:16] <+MrYinYangTrader> come on momo
[11:17] <+JimL1> swing pts breaking dwn
[11:18] <@wrbtrader> Long TF @ 648.70 -> small size
[11:18] <+MrYinYangTrader> Covered all TF Short @ 649.10 --> + 1.8
[11:18] <@wrbtrader> 1 only
[11:18] <+pat255> vn yy
[11:19] <+MrYinYangTrader> Shorts TF @ 648.90
[11:20] <+MrYinYangTrader> Covered all TF Short @ 649.70 --> - 0.8
[11:21] <@wrbtrader> Exited TF Long @ 649.20 --> + 0.5
[11:21] <@wrbtrader> be back later
[11:21] <+MrYinYangTrader> Shorts TF @ 649.10
[11:21] <+MrYinYangTrader> stop at 650
[11:22] <+MrYinYangTrader> if this doesn't work im waiting until afternoon
[11:22] <@X> #FuturesTrades Purpose -> Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended. More info about the chat room @
http://www.thestrategylab.com/ftchat/forum[11:24] <+pat255> vwap on 3m hardly shows any move...
[11:24] <+MrYinYangTrader> Covered Remainder TF Short @ 650.10 --> - 1
[11:24] <+MrYinYangTrader> ok im done... not going to give my profit back
[11:24] <+MrYinYangTrader> be back in the afternoon
[11:25] <+JimL1> where stuck in this consolidation that runs from 653 dwn 646, channeling between
[11:25] <+Sidhartha> vwap moved from about 657 at the start of the day down to about 652.8 now
[11:26] <+pat255> what tf sid?
[11:26] <+MrYinYangTrader> sid when looking at vwap... look at the 4 index
[11:26] <+Sidhartha> yup
[11:26] <+pat255> k will check the value
[11:26] <+Sidhartha> 4 index...
[11:26] <+pat255> yes
[11:27] <+MrYinYangTrader> gives you a better feel... yea tf, nq, ym es
[11:27] <+Sidhartha> ohh yeah... sure. I was just responding to pat's comment
[11:27] <+Sidhartha> to be fair they all look pretty darn similar to me!
[11:32] <+JimL1> testing the top of consolidation zone, after making higher low, see if it can get back up into the overnight distribtion area
[11:43] <+MrYinYangTrader> ok im back
[11:43] <+MrYinYangTrader> sid... u see how tf react to vwap?
[11:44] <+Sidhartha> yup... bounced right off it
[11:44] <+MrYinYangTrader> yea watch price action around it
[11:44] <+MrYinYangTrader> now paid me for that tip
[11:44] <+Sidhartha> I actually trade YM right now... that broke through it before coming off
[11:44] <+MrYinYangTrader> yea watch all 4
[11:47] <+Sidhartha> what intervals you trade YY...
[11:48] <+pat255> on my Tf the vwap is way above the current price
[11:48] <+pat255> dont even see it
[11:48] <+Sidhartha> what you got as vwap pat...
[11:48] <+pat255> but on 3m it is not doing much
[11:50] <+MrYinYangTrader> tf is below vwap...the orther 3 are sitting on it
[11:51] <+pat255> y that is true
[11:51] <+Sidhartha> yup... that's what I got
[11:56] <+pat255> do prices tend to move toward vwap?
[11:56] <+MrYinYangTrader> depends on the market that day
[11:56] <+MrYinYangTrader> use it as an alert.. .don't use it as a signal to enter
[11:56] <+pat255> k will observe it thks
[11:56] <+MrYinYangTrader> alert that price action is coming up... and vol will pick up
[11:56] <+Inertia> <pat255> do prices tend to move toward vwap? - sometimes yes, sometimes no
[11:57] <+pat255> lol
[11:57] <+Inertia> maybe you would like 2 refrase the question
[11:58] <+Sidhartha> it acts as a magent I guess.. much like pivots. i.e. you rarely hit S3 or R3 and continue... in same way you can look at standard deviations around the vwap
[11:58] <+MrYinYangTrader> i'll keep answering your questions if wrb is fine using this chat channel for it
[11:58] <+pat255> just trying to see if i cud use it to sense the direction of trade ..but
[11:58] <+MrYinYangTrader> but i think its more for posting trade
[11:58] <+MrYinYangTrader> so we can ask him when he comes back
[11:58] <+Sidhartha> as YY says, probably best to use it as an alert... i.e. if 2nd std dev is hit maybe time to start being alert to price action
[11:59] <+Inertia> when the cat is away - the mice will play
[11:59] <+Sidhartha> eeek
[11:59] <+Inertia>
?
[11:59] <+Sidhartha> the sound a mouse makes... roughly!
[11:59] <+Inertia>
))))))))))))))
[11:59] <+MrYinYangTrader> yea u use it as a trade signal and you will lose. just like pivot points... use it as an alert!
[12:01] <+pat255> k guys back to office ty all
[12:15] <+Inertia> dive, dive, dive
[12:15] <+MrYinYangTrader> going to take my swing profit here
[12:16] <+Inertia> i have this submarine dive sound when TICK hits +-1200
[12:17] <+MrYinYangTrader> we are in deep trouble
[12:17] <+Inertia> yes we r
[12:18] <+Inertia> Jack Broz mentioned about a week ago that he would start buying if the SP drops to 975-1000
[12:19] <+Inertia> 1056 on the ES could b the next target(the low of Black Thursday)
[12:23] <+Inertia> Ray Barros not Jack Broz. Sorry
[12:35] <codehead> long NQ 1810.25 <paper>
[12:36] <+codehead> 1 pt stop <paper>
[12:37] <+codehead> against the bigger frame, ugly
[12:38] <+codehead> exit half NQ +2.00 <paper>
[12:41] <+codehead> raise stop to b/e remainder--long frame sitll not turning up
[12:41] <+codehead> Ym threatening to, but sitll early
[12:45] <+Inertia> Shorts NQ @ 1811 «« simulator »»
[12:47] <+codehead> stopped flat remainder
[12:47] <+Inertia> Covered all NQ Short @ 1809 --> + 2 «« simulator »»
[12:48] <+codehead> NQ need to get over 1815 now
[12:48] <+MrYinYangTrader> i got a low for tf at 629.2... is that we you guys have from 2 weeks ago?
[12:48] <+codehead> YM has more chance to change trend
[12:48] <+Inertia> just testing if my idea works on indexes other than TF
[12:49] <+Inertia> MYY the same here
[12:50] <+MrYinYangTrader> ok then that's our target
[12:50] <+MrYinYangTrader> i mean my target
[12:51] <+Inertia> i agree again
(I don't know if that is a good sign
[12:52] <@X> #FuturesTrades Purpose -> Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended. More info about the chat room @
http://www.thestrategylab.com/ftchat/forum[12:52] <+MrYinYangTrader> it is a good sign... it means this sell off is real
[12:54] <+Inertia> you over estimate my market prediction abilities but thanks nevertheless for the vote of confidence
[12:54] <+MrYinYangTrader> lol
[12:54] <+MrYinYangTrader> yin - bull, yang - bears
[12:55] <+MrYinYangTrader> there's a balance
[12:55] <+codehead> long ES 1075.7550 <paper>
[12:55] <+Inertia> U/D vol ratio 1:33
[12:55] <+codehead> 1075.50
[12:55] <+Inertia> holy cow
[12:55] <+Sidhartha> YY... how long you been trading your own account...
[12:55] <+MrYinYangTrader> awhile...
[12:56] <+Sidhartha> 5-7 in years...
[12:56] <+MrYinYangTrader> yep
[12:56] <+MrYinYangTrader> more like 10
[12:56] <+Inertia> now there is a very UnSpock like answer
[12:56] <+Sidhartha> good market!
[12:56] <+Sidhartha> ok
[12:56] <+codehead> exit half ES +1.00 <paper> typed wrong room
[12:56] <+MrYinYangTrader> sorry watching price action
[12:57] <+Inertia> Mr Spock would have said 10 years, 245 days, 5 hours and 3 minutes.
[12:57] <+Inertia> approximately
)
[12:57] <+MrYinYangTrader> i'm a computer geek fulltime trading part time
[12:58] <+Sidhartha> ahh
[12:58] <+Sidhartha> join the club!
[12:58] <+codehead> exit remainder -1.25 <paper>
[12:58] <+Sidhartha> here we go
[12:58] <+codehead> too many tick extremes for long--major dumping
[12:58] <+MrYinYangTrader> well im a trader full time right now since i don't have a gig atm
[12:59] <+codehead> -1572 whew
[12:59] <+Sidhartha> meltdown
[13:00] <+MrYinYangTrader> don't say that! or ppt will come in
[13:00] <+Sidhartha> ppt?
[13:00] <+codehead> long ES 1071.50 <paper>
[13:00] <+codehead> the obvious stop
[13:00] <+codehead> lol
[13:01] <+Sidhartha> next target 666 on the ES!
[13:01] <+MrYinYangTrader> the plunge protection team.... gov
[13:01] <+codehead> hehe
[13:01] <+Sidhartha> ahh
[13:01] <+codehead> exit half ES +1.25 <paper>
[13:04] <+codehead> exit ES remainder +2.00 <paper>
[13:04] <+codehead> longer frames could hook up tho
[13:04] <+codehead> that was a pretty effective flush
[13:05] <+codehead> need to leave pretty soon, not taking real trades
[13:06] <+MrYinYangTrader> Shorts TF @ 643.40
[13:06] <+MrYinYangTrader> tight stop
[13:10] <+MrYinYangTrader> stop moved to 643.3
[13:11] <+MrYinYangTrader> Covered all TF Short @ 643.30 --> + 0.1
[13:12] <+MrYinYangTrader> Long TF @ 643.50
[13:14] <+MrYinYangTrader> Exited all TF Long @ 643.20 --> - 0.3
[13:15] <+MrYinYangTrader> Shorts TF @ 642.90
[13:17] <+MrYinYangTrader> Covered all TF Short @ 643.20 --> - 0.3
[13:26] <+MrYinYangTrader> Shorts TF @ 645.40
[13:27] <+MrYinYangTrader> Covered all TF Short @ 646 --> - 0.6
[13:27] <+Sidhartha> feeling a little squeezy
[13:29] <+MrYinYangTrader> Long TF @ 645.60
[13:31] <+MrYinYangTrader> Exited all TF Long @ 647.80 --> + 2.2
[13:32] <+Time4now> yy do you trade with a flat number of contracts?
[13:33] <+MrYinYangTrader> these day im only 1-2 due to the swings
[13:33] <+MrYinYangTrader> Long TF @ 647.30
[13:34] <+MrYinYangTrader> Exited all TF Long @ 648.30 --> + 1
[13:46] <+MrYinYangTrader> Shorts TF @ 646.70
[13:49] <+MrYinYangTrader> Covered all TF Short @ 646.70 --> 0
[13:50] <+MrYinYangTrader> Shorts TF @ 646.60
[13:52] <+Sidhartha> What intervals you trade YY...
[13:52] <+MrYinYangTrader> Covered all TF Short @ 646.50 --> + 0.1
[13:52] <+MrYinYangTrader> geez
[13:52] <+MrYinYangTrader> oh... 1min right now
[13:52] <+Sidhartha> yeah... tricky here
[13:53] <+MrYinYangTrader> trying to limit loss so im getting stopped out
[13:53] <+Sidhartha> yeah that happened to me this morning... sadly that's risk of 1 min... little bit more noise
[13:53] <+Sidhartha> tighter stops... more noise
[13:54] <+MrYinYangTrader> im a momo trader...
[13:55] <+Sidhartha> meaning...
[13:55] <+MrYinYangTrader> Shorts TF @ 645.50
[13:55] <+MrYinYangTrader> mommentum
Session Close: Thu May 20 13:56:13 2010
Session Start: Thu May 20 13:56:13 2010
Session Ident: #FuturesTrades
[13:56] * Disconnected
[13:58] * Attempting to rejoin channel #FuturesTrades
[13:58] * Rejoined channel #FuturesTrades
[13:58] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[13:58] <+MrYinYangTrader> Covered all TF Short @ 645.10 --> + 0.4
[14:02] <+Time4now> anyone watching the euro consolidate?
[14:02] <+Sidhartha> yup
[14:02] <+MrYinYangTrader> Shorts TF @ 645.10
[14:06] <+MrYinYangTrader> exit stop set TF @ 644.60
Session Close: Thu May 20 14:07:03 2010
Session Start: Thu May 20 14:07:03 2010
Session Ident: #FuturesTrades
[14:07] * Disconnected
[14:09] * Attempting to rejoin channel #FuturesTrades
[14:09] * Rejoined channel #FuturesTrades
[14:09] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[14:22] <@X> #FuturesTrades Purpose -> Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended. More info about the chat room @
http://www.thestrategylab.com/ftchat/forum[14:23] <+MrYinYangTrader> back
[14:23] <+MrYinYangTrader> Covered all TF Short @ 644.60 --> + 0.5
[14:27] <+Sidhartha> the order book is very thin right now
[14:27] <+Sidhartha> potential for huge vol
[14:36] <+MrYinYangTrader> buy prog
[14:41] <+MrYinYangTrader> major vol
[14:42] <+rickf> senate cloture vote again
[14:53] <+rickf> it passes 60-40
[14:53] <+rickf> once again CSPAN is the financial news channel
[14:53] <+MrYinYangTrader> what past? the fin reform bill?
[14:54] <+rickf> yup
[14:54] <+MrYinYangTrader> death to the market then
[14:55] <+rickf> gods i hate watching senate stuff .... all their votes are roll call, and that gets OLD real quickl
[14:55] <+Sidhartha> I'm wondering if a global financial tax on transactions are gonna put retail traders out of business...
[14:55] <+rickf> i'm not worried - i am not a HFT trader
[14:55] <+rickf> just means ya gott aplan your trades better
[14:56] <+Sidhartha> HFT? hedge fund..
[14:56] <+Inertia> high frequency
[14:56] <+Sidhartha> ahh
[15:02] <+MrYinYangTrader> Shorts TF @ 651
[15:09] <+MrYinYangTrader> Covered all TF Short @ 650 --> + 1
[15:11] <@wrbtrader> Shorts TF @ 648.50 -> medium size
[15:11] <@wrbtrader> small only
[15:11] <@wrbtrader> 2 contracts
[15:13] <+MrYinYangTrader> Shorts TF @ 648.20
[15:13] <+MrYinYangTrader> Covered all TF Short @ 647.50 --> + 0.7
[15:15] <+MrYinYangTrader> Shorts TF @ 647.50
[15:15] <+MrYinYangTrader> Covered all TF Short @ 647 --> + 0.5
[15:15] <@wrbtrader> Covered all TF Short @ 647.20 --> + 1.3
[15:17] <+MrYinYangTrader> Shorts TF @ 649.50
[15:18] <+MrYinYangTrader> Covered all TF Short @ 650.10 --> - 0.6
[15:23] <+MrYinYangTrader> Shorts TF @ 649.80
[15:25] <+MrYinYangTrader> Covered all TF Short @ 650.10 --> - 0.3
[15:25] <+MrYinYangTrader> too fast
[15:49] <@X> #FuturesTrades Purpose -> Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended. More info about the chat room @
http://www.thestrategylab.com/ftchat/forum[15:55] <+rickf> short es 1076 (late)
[15:56] <+rickf> exit 1/2 1074 +2
[15:57] <+MrYinYangTrader> wow
[15:57] <+rickf> stop at 1074
[15:58] <+rickf> exit es remainder 1072 +4
[15:58] <+rickf> still looking lower
[15:58] <+MrYinYangTrader> they gunned for the low right at closing
[15:59] <+rickf> yes ... should make for interesting expiration friday
[15:59] <+rickf> is why i didnt trade much today - was running errands so i could be here tomorrow
[15:59] <+MrYinYangTrader> tf lod
[15:59] <+MrYinYangTrader> well its gone
[16:00] <+MrYinYangTrader> moc orders
[16:00] <+rickf> below 1060 on the daily on the ES and I'm gonna be major bearish
[16:00] <+JimL1> wow, had to step away 10 pt tf drop in 25 min w/ 4 pt retracment in the middle
[16:02] <+MrYinYangTrader> man that leaves a big ass gap up there
[16:05] <+Sidhartha> there's a lot of gaps up there
[16:06] <+rickf> yes ... tho i don't trade gaps, it's a bog 'un
[16:08] <+Inertia> Dn/Up vol 51:1
[17:19] <@X> #FuturesTrades Purpose -> Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended. More info about the chat room @
http://www.thestrategylab.com/ftchat/forumSession Close: Fri May 21 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=5The purpose of #FuturesTrades is that it's designed to be a
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CBOT mini-sized Dow Futures YM
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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
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Reminder, our
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