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 Post subject: May 21st Friday - Futures, ETFs and Forex Currencies
 Post Posted: Fri May 21, 2010 7:10 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: Fri May 21 09:15:38 2010
Session Ident: #FuturesTrades
[09:15] * Now talking in #FuturesTrades
[09:15] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:16] <rickf> gm
[09:17] <Sidhartha> gm and welcome to 'great depression II'...
[09:18] <+rickf> more like part 2
[09:18] <@wrbtrader> :)
[09:20] <@wrbtrader> Anybody notice how the "fat finger" discussion by the critics has been quiet lately now that the market has traded "normally" below the levels of the so called "fat finger" trading day.
[09:20] <+rickf> fat-finger? what fat-finger? (yes, i did)
[09:29] <+Sidhartha> that word keeps coming to mind.... capitulation
[09:30] <+rickf> ding
[09:30] <drt> gm
[09:30] <@wrbtrader> Shorts TF @ 628.00 -> medium size
[09:30] <@wrbtrader> 4 only
[09:30] <@wrbtrader> it's going DOWN...that's obvious.
[09:31] <@wrbtrader> Covered all TF Short @ 628.00 --> 0
[09:31] <@wrbtrader> will try again because I'm "very bearish"
[09:32] <+rickf> expiration friday, long weekend in europe too
[09:32] <@wrbtrader> I'm starting to get use to these jerky counter-thrusts.
[09:32] <@wrbtrader> Shorts TF @ 629.70 -> medium size
[09:33] <@wrbtrader> 4 only
[09:35] <@wrbtrader> Covered all TF Short @ 629.60 --> + 0.1
[09:37] <@wrbtrader> Reminder: I'm expecting a TON of volatility today in reaction to the Berlin Legislature vote
[09:37] <@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
[09:37] <@wrbtrader> testing resistance now
[09:40] <@wrbtrader> above resistance
[09:40] <@wrbtrader> squeeze time
[09:41] <@wrbtrader> geeesh
[09:42] <Inertia> Long TF @ 634.2 «« simulator »»
[09:44] <+Inertia> Exited all TF Long @ 634.7 --> + 0.5 «« simulator »»
[09:46] <@wrbtrader> Long TF @ 635.10 -> large size
[09:46] <@wrbtrader> 6 only
[09:48] <@wrbtrader> :(
[09:49] <@wrbtrader> I've never seen "pin ball machine" price action like this before...it's all over the map in seconds
[09:50] <@wrbtrader> Exited 1/3 TF Long @ 638.30 --> + 3.2
[09:50] <@wrbtrader> Exited 1/3 TF Long @ 639.40 --> + 4.3
[09:50] <+Sidhartha> Nice wrbtrader
[09:51] <+Sidhartha> Where was your stop on that out of interest...?
[09:51] <@wrbtrader> Exited TF Long @ 640.50 --> + 5.4
[09:51] <@wrbtrader> Holding 1 contract remaider
[09:51] <@wrbtrader> My stop is still -4 points right now...
[09:51] <@wrbtrader> Adjusting now
[09:51] <@wrbtrader> trailing @ profit
[09:52] <+Sidhartha> that's a big stop
[09:52] <@wrbtrader> I always use that for many years
[09:52] <@wrbtrader> However, I never let it get hit :)
[09:52] <+Sidhartha> but don't you change it right after entry..?
[09:52] <@wrbtrader> Yes...
[09:53] <+Sidhartha> that was my question... post entry what did u change it to...?
[09:53] <@wrbtrader> usually to around -2 and then I try to "market out" if things look bad around between -0.5 to -1.5
[09:53] <+Sidhartha> ok got you
[09:53] <@wrbtrader> Yet, this price action is unusual today...giving it some room to breath on the trades.
[09:54] <@wrbtrader> There's enough volatility to recover from a bad hit.
[09:54] <+Sidhartha> it's not for the faint hearted
[09:57] <+rickf> no kidding
[09:57] <+rickf> geesh
[10:09] <@wrbtrader> I scared two traders early this week when I said to expect a TON of volatility on Friday.
[10:09] <+rickf> wow
[10:09] <@wrbtrader> One said he was going to take the day off :)
[10:10] <@wrbtrader> This is only the beginning of the day...
[10:10] <@wrbtrader> I'm expecting things to HEAT UP again today...
[10:10] <@wrbtrader> don't know when but it will
[10:12] <@wrbtrader> Exited TF Long @ 640.30 --> + 5.2
[10:12] <@wrbtrader> Reverse and Enter Short TF @ 640.30
[10:12] <@wrbtrader> 2 only
[10:13] <@wrbtrader> support reached
[10:14] <@wrbtrader> :(
[10:14] <@wrbtrader> got a problem with this trade
[10:15] <@wrbtrader> still no confirmation :(
[10:18] <@wrbtrader> Covered all TF Short @ 640.90 --> - 0.6
[10:18] <@wrbtrader> :(
[10:19] <@wrbtrader> Shorts TF @ 640.60 -> medium size
[10:19] <@wrbtrader> 4 only
[10:19] <@wrbtrader> don't know what happen on the prior trade
[10:21] <@wrbtrader> I'm now getting 4 - 7 tick spreads
[10:21] <@wrbtrader> weird
[10:22] <Time4now> wrb does your strategy work on time frames greater than 1 min?
[10:23] <@wrbtrader> I only use the 1min in "high volatility price action".
[10:23] <@wrbtrader> Thus, most of the time I'm using an interval frame higher than 1min
[10:24] <@wrbtrader> right now I'm on the 1min and 3min charts exclusively.
[10:24] <@wrbtrader> Yet, first two trades were via the 5min chart
[10:24] <@wrbtrader> price action was too fast for the 5min chart :(
[10:27] <+rickf> i'm still trading the 5m exclusively on the ES
[10:27] <@wrbtrader> this thing is fast on the retracements after it finds a direction
[10:28] <+Sidhartha> in these super volatile conditions, 1 min does allow you to have more sensible stop levels, the downside is it's quick as hell and you can easily get chopped to pieces or find yourself chasing...
[10:28] <@wrbtrader> very true
[10:29] <+Time4now> Yesterday I entered and got stopped in almost the same tick
[10:29] <+Time4now> Volatility scares me
[10:29] <+Time4now> tick = click
[10:29] <+Sidhartha> ha. i shouldn't laugh. happened to me too... i was stopped out within 25 secs
[10:30] <@wrbtrader> It did it again...it traded through a level without triggering my stop order
[10:30] <@wrbtrader> :(
[10:30] <+Sidhartha> then of course the market tanked in the direction I was holding before I got stopped
[10:30] <@wrbtrader> nevermind...it went through...there's a delay
[10:30] <@wrbtrader> Covered 1/2 TF Short @ 636.10 --> + 4.5
[10:30] <+rickf> vn
[10:32] <@wrbtrader> I'm getting wild quotes between different brokers and my two different chart vendors :(
[10:32] <@wrbtrader> some as much as 7 tick differences :(
[10:33] <@wrbtrader> Simply, what I see really isn't there :)
[10:33] <@wrbtrader> exit stop lowered TF @ 638.00
[10:35] <@wrbtrader> Covered Remainder TF Short @ 638.00 --> + 2.6
[10:39] <codehead> YM pb was within 1 tick of .500
[10:40] <+Inertia> Shorts TF @ 639 «« simulator »»
[10:41] <+rickf> short es 1073.75
[10:42] <+Inertia> Covered all TF Short @ 640 --> - 1 «« simulator »»
[10:44] <+rickf> exit es 1071.75 +2
[10:45] <+rickf> would have held but heading to gym in a few
[10:46] <JimL1> i'm using ib as data feed, i mentioned yesterday that dom is 1/2 the ladder volumes that i normally see (tf normal 300-600 over 5-tier prices; now 100-300) does theis mean HFT has been pulled & now there's less volume & alot more bid/ask volatility?
[10:48] <+rickf> back in a bit
[10:50] <+Sidhartha> well, someone's sitting on the sidelines...
[10:54] <+JimL1> i have es dom up also & its volume is approx 1/2 its avg (1000-3000 over 5 tiers of price, normal is 3000-15000 over 5 tiers) either my data is all wrong or something is very different - what are others seeing on the dom's?
[10:55] <+Sidhartha> I only see YM... but it def. feels thinner... doesn't suprise me that investors are on the sidelines...
[10:59] <+JimL1> i just pulled up YM,( i don't follow it) my ladder is approx 75-125 over 5-tiers on each bid/ask do you have similar?
[11:07] <@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
[11:16] <+Sidhartha> yes
[11:17] <@wrbtrader> miseed another great entry :(
[11:19] <@wrbtrader> Long TF @ 644.90 -> small size
[11:19] <@wrbtrader> 2 only
[11:19] <@wrbtrader> intuition (chasing)
[11:20] <@wrbtrader> Exited all TF Long @ 646.30 --> + 1.4
[11:22] <@wrbtrader> price action slowing down...increasing my chart intervals
[11:23] <@wrbtrader> volatility increasing again
[11:23] <@wrbtrader> wow
[11:24] <@wrbtrader> Markets look determine to close the gap between Weds and Thurs
[11:24] <@wrbtrader> will be looking to buy any retracements...trade signals or intuition
[11:25] <+Sidhartha> long way to go to fill that gap
[11:26] <@wrbtrader> Like I I said...I'm expecting fireworks today...
[11:27] <@wrbtrader> That German Vote has been HYPED big time for about 7 days
[11:27] <@wrbtrader> I'm going to be very careful with my shorts today
[11:27] <+Sidhartha> crikey... you are. top of that gap is 672.4 in TF
[11:28] <@wrbtrader> Will chase the Longs if needed but wont' chase any Shorts
[11:31] <@wrbtrader> Shorts TF @ 647.30 -> small size
[11:31] <@wrbtrader> 2 only
[11:31] <@wrbtrader> Covered all TF Short @ 648.00 --> - 0.7
[11:33] <@wrbtrader> Long TF @ 648.40 -> small size
[11:33] <@wrbtrader> 3 only
[11:34] <@wrbtrader> Exited all TF Long @ 647.20 --> - 1.2
[11:34] <@wrbtrader> punks
[11:35] <@wrbtrader> 1 point range up here right now
[11:38] <@wrbtrader> Long TF @ 649.30 -> small size
[11:39] <@wrbtrader> 3 only
[11:39] <@wrbtrader> need 651 to make it worthwhile
[11:40] <+JimL1> un-bleeping believable
[11:40] <@wrbtrader> Exited all TF Long @ 652.00 --> + 2.7
[11:41] <+JimL1> Shorts TF @ 652 «« simulator »»
[11:41] <+JimL1> 2
[11:41] <+JimL1> Covered 1/2 TF Short @ 651.6 --> + 0.4 «« simulator »»
[11:41] <+JimL1> Covered all TF Short @ 651.5 --> + 0.5 «« simulator »»
[11:42] <+JimL1> Long TF @ 651.8 «« simulator »»
[11:42] <+JimL1> 2
[11:42] <+JimL1> Exited 1/2 TF Long @ 653 --> + 1.2 «« simulator »»
[11:43] <+JimL1> Exited Remainder TF Long @ 653 --> + 1.2 «« simulator »»
[11:44] <+JimL1> Long TF @ 65.8 «« simulator »»
[11:44] <+JimL1> 652.8
[11:44] <+JimL1> 1
[11:45] <@wrbtrader> Long TF @ 653.50 -> medium size
[11:45] <@wrbtrader> 4 only
[11:45] <@wrbtrader> it's relenthless
[11:45] <@wrbtrader> intuition trade
[11:46] <@wrbtrader> Exited all TF Long @ 653.20 --> - 0.3
[11:46] <@wrbtrader> another trader through and no fill...
[11:47] <@wrbtrader> That's 3 for the day
[11:47] <+Sidhartha> wrbtrader you use X Trader right...? Does it allow you to move your stop to breakeven +/- ticks when the market touches a given price...?
[11:47] <+JimL1> Exited all TF Long @ 653 --> + 587.2 «« simulator »»
[11:48] <@wrbtrader> Sid...you talking about "bracket orders" ???
[11:48] <@wrbtrader> I manually move all my stops...not auto brackets
[11:48] <@wrbtrader> Meant...manually move all my stop adjustments (trails)
[11:49] <+Sidhartha> yeah... lets say you go long at 651 with an automatic stop & PT entered... does it then allow you to have your stop automatically move to breakeven +/- ticks when say, 652 is touched...
[11:49] <+Sidhartha> ohhh ok
[11:49] <+Sidhartha> you place brackets though right... but just manually move them...?
[11:49] <@wrbtrader> They have it but I'm not a fan of "bracket orders"
[11:49] <+Sidhartha> why?
[11:50] <@wrbtrader> Never was good at it
[11:50] <+rickf> back
[11:50] <@wrbtrader> It's also conflicts with my WRB exits
[11:51] <+Sidhartha> sorry... so just to be clear... when you enter a position, you don't automatically enter any bracket orders apart from a hard stop 4 points away...?
[11:51] <@wrbtrader> exactly
[11:51] <+Sidhartha> ok got you
[11:51] <+Sidhartha> thanks
[11:52] <+Time4now> is that to prevent "them" from knowing your exit point?
[11:52] <@wrbtrader> auto trails or bracket orders are too problematic for me.
[11:52] <@wrbtrader> Time...I exit my trades via WRB Analysis...I can't do that with bracket orders
[11:53] <@wrbtrader> I'm constantly adjusting my orders because I use WRB Analysis
[11:53] <+Time4now> well, if I lose another grand I will be looking into your wrb
[11:54] <+rickf> sid - another plus for the hard stop is in case the network dies or computer crashes ... at least your losses are contained
[11:54] <+rickf> i do that on the ES at 5 points
[11:54] <+rickf> normally ... though in recent weeks i am not doing it due to swings/spikes
[11:55] <@wrbtrader> today...there's been several times I didn't have time to adjust me stops.
[11:56] <@wrbtrader> volatility contracting again
[11:57] <+Sidhartha> rickf... I do use a hard stop. I use Infinity AT... as far as I can work out, infinity doesn't just let you enter one bracket (i.e. the stop)... you have to enter both brackets... the stop & target...
[11:57] <+Sidhartha> which is what I do currently...
[11:57] <+Sidhartha> both very wide...
[11:57] <+Sidhartha> then once in a position first thing I do is change my stop from the hard stop to where I really want it to be
[11:57] <+rickf> yes, the one-triggers-two order
[11:57] <@wrbtrader> Infinity AT has a very good bracket order setup if that's something important you need
[11:58] <+Sidhartha> then as I see price action develop, I decide how I need to adjust my PT's....
[11:58] <@wrbtrader> Sid...you using AT on Vista
[11:58] <@wrbtrader> ?
[11:58] <+Sidhartha> Windows 7
[11:58] <+Sidhartha> Windows 7 is SO much better than Vista trust me
[11:58] <@wrbtrader> any clicking problems on order with windows 7 ?
[11:59] <+Sidhartha> I think you mean the single click thing right...?
[11:59] <@wrbtrader> I had order clicking problems with AT on VISTA as you may remember...
[11:59] <@wrbtrader> Yes...that single click issue.
[11:59] <+Sidhartha> funnily enough... generally no...
[12:00] <@wrbtrader> That single click issue cost me $3500 one day and another $1200 another day.
[12:00] <+Sidhartha> when I say generally, there is one instance I have seen it as a problem, but that is only when clicking from what my chart provider deems a 'floating' window into the AT platform...
[12:00] <@wrbtrader> That was enough for me to wait for them to fix AT on VISTA
[12:01] <+Sidhartha> I remember
[12:01] <+Sidhartha> you still in touch with them...?
[12:01] <@wrbtrader> kind'uv...they call me but I don't return their calls :)
[12:01] <@wrbtrader> I'm still mad :)
[12:02] <@wrbtrader> Don't misunderstand...I've had problems with every broker platform I've ever used.
[12:02] <@wrbtrader> However, some just get on my nerves as AT did.
[12:03] <+Sidhartha> yeah... well, I can't say I have those problems... but if you are used to entering just an auto hard stop, and not PT, then AT might not be for you anyway
[12:04] <@wrbtrader> Yet, no broker platform is perfect but when you start making trade errors resulting in losses due to something "unusual" with a platform you can't adjust to or get use to...time for a change.
[12:04] <+Sidhartha> Windows 7 is way more stable in my exprience than Vista... I didn't have a great experience with Vista
[12:05] <+Inertia> how is 7 compared with XP?
[12:05] <@wrbtrader> The only windows platform that ran flawlessly for me for trading purposes was 2000 pro
[12:05] <@wrbtrader> Yet, it was horrible for my personal video needs.
[12:05] <+Sidhartha> I haven' seriously used XP for ages... but by preference I use OS X... however, for trading purposes I have to use Windows... Windows 7 is the best windows I've used...
[12:06] <+Inertia> I still use XP pro. didn't even try Vista
[12:06] <@wrbtrader> Hmmm...interesting...will revist Windows 7 systems to find more info about it because my only sources say they didn't like it.
[12:07] <+Sidhartha> Really...? Surprised. Consensus seems to be that it's what Vista should have been... and that's certainly my experience... everything just works
[12:08] <+Inertia> everything just works - something must b wrong
[12:08] <@wrbtrader> Regardless...it all is way ahead of the old days of trading via calling the broker or telephone codes :)
[12:08] <+Sidhartha> no sh*t...
[12:08] <@wrbtrader> :)
[12:09] <+Sidhartha> does anyone have fibre optic broadband yet...?
[12:09] <@wrbtrader> I think I do now...they recently upgraded my broadband speed from 7 mpbs to 65
[12:10] <+Sidhartha> crikey... big difference...?
[12:10] <@wrbtrader> Yeah if your doing streaming data, internet movie watching or downloads...
[12:10] <@wrbtrader> I also have less loss data packets
[12:13] <@wrbtrader> meant mbps not mpbs
[12:13] <@wrbtrader> a few years ago they were capped at 10 mbps
[12:14] <+codehead> i've had fios for about 2.5 years, 15 mps, but friend tells me they dropped the premium for 50 mps
[12:14] <+codehead> and that's not shared, you always really get that throughput
[12:15] <@wrbtrader> However, if you got a crappy router connected to your computer...it will not allow you to get the best out of your ISP
[12:15] <+codehead> used to be $150 for 50mps, i think he said he's paying $79 now
[12:16] <@wrbtrader> Yeah...I've been hearing prices drop from one ISP to another concerning higher speed.
[12:16] <@wrbtrader> I'm guessing it has to do with more ISP having fiber-optics and that it's being more used today.
[12:17] <@wrbtrader> Long TF @ 651.70 -> medium size
[12:17] <@wrbtrader> 4 only
[12:18] <@wrbtrader> order set at 654
[12:19] <@wrbtrader> if it goes through again without a fill...I'll go postal.
[12:20] <@wrbtrader> I understand today is a little unusual with the volatility...but 3 pass throughs in one day has equal all of what I've had all year.
[12:21] <@wrbtrader> Exited all TF Long @ 651.80 --> + 0.1
[12:21] <@wrbtrader> may get a reentry if it retraces
[12:21] <@wrbtrader> If not...I'll chase it
[12:23] <@wrbtrader> Long TF @ 652.90 -> medium size
[12:24] <@wrbtrader> 4 only
[12:24] <@wrbtrader> same order
[12:24] <@wrbtrader> adjusting
[12:24] <@wrbtrader> volatility increasing
[12:27] <@wrbtrader> more and more contraction up in this range since 1140am est
[12:28] <@wrbtrader> a sign to go to lunch :)
[12:29] <@wrbtrader> Exited all TF Long @ 652.00 --> - 0.9
[12:29] <@wrbtrader> be back later
[12:34] <@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
[13:38] <@wrbtrader> Long TF @ 646.10 -> medium size
[13:38] <@wrbtrader> 3 only
[13:40] <+rickf> CBOE trading volume in S&P 500 index options hits daily record on May 20: 2,187,004 contract
[13:46] <@wrbtrader> got some family distractions here at home right now...
[13:46] <@wrbtrader> will do an early exit
[13:47] <@wrbtrader> Exited all TF Long @ 647.60 --> + 1.5
[13:47] <@wrbtrader> wanted to hold that one until above 650
[13:47] <@wrbtrader> be back later
[13:47] * wrbtrader is now known as wrbtrader_away
[14:04] <@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
[14:26] <+rickf> check out google's homepage today .... wait about 30 secs and you can play it with arrow keys
[14:28] <MrYinYangTrader> good afternoon everyone
[14:29] <+rickf> hi
[14:36] <+JimL1> Shorts TF @ 646.2 «« simulator »»
[14:36] <+JimL1> 2
[14:36] <+JimL1> Covered 1/2 TF Short @ 645.5 --> + 0.7 «« simulator »»
[14:38] <+JimL1> Covered Remainder TF Short @ 645.9 --> + 0.3 «« simulator »»
[14:38] <+MrYinYangTrader> Shorts TF @ 646.10
[14:39] <+MrYinYangTrader> Covered all TF Short @ 644 --> + 2.1
[14:40] <+JimL1> Shorts TF @ 644.5 «« simulator »»
[14:40] <+JimL1> 2
[14:40] <+JimL1> bastards
[14:41] <+JimL1> Covered all TF Short @ 645.3 --> - 0.8 «« simulator »»
[14:43] <+JimL1> Shorts TF @ 645.1 «« simulator »»
[14:43] <+JimL1> 2
[14:44] <+JimL1> Covered 1/2 TF Short @ 644.2 --> + 0.9 «« simulator »»
[14:46] <+JimL1> 640 target of hi vol node
[14:48] <+MrYinYangTrader> Long TF @ 641.70
[14:48] <+JimL1> Covered Remainder TF Short @ 642.2 --> + 2.9 «« simulator »»
[14:49] <+MrYinYangTrader> Exited all TF Long @ 642.6 --> + 0.9
[14:50] <+MrYinYangTrader> Shorts TF @ 642.20
[14:50] <+MrYinYangTrader> Shorts TF @ 643.20
[14:50] <+MrYinYangTrader> i mean
[14:51] <+JimL1> Shorts TF @ 642.7 «« simulator »»
[14:51] <+JimL1> 2
[14:52] <+MrYinYangTrader> Covered all TF Short @ 642.30 --> + 0.9
[14:52] <+JimL1> Covered all TF Short @ 642.6 --> + 0.1 «« simulator »»
[14:52] <+MrYinYangTrader> vwap action
[14:54] <+MrYinYangTrader> Shorts TF @ 642.40
[14:55] <+MrYinYangTrader> Covered all TF Short @ 640.20 --> + 2.2
[14:55] <+MrYinYangTrader> ok im done for today
[14:55] <+JimL1> nice ss trade into 640
[14:56] <+MrYinYangTrader> thks... u learning jiml!
[14:56] <+MrYinYangTrader> but don't be to focus on that area
[14:56] <+MrYinYangTrader> too
[14:56] <+MrYinYangTrader> just use it as an alert
[14:57] <+MrYinYangTrader> Shorts TF @ 642.30
[14:57] <+MrYinYangTrader> hell one more short
[14:57] <+MrYinYangTrader> lol
[14:57] <+rickf> vn
[14:57] <+MrYinYangTrader> Covered all TF Short @ 641.80 --> + 0.5
[14:58] <+MrYinYangTrader> ok now im done... i'll wait around for 2pm central
[14:58] <+MrYinYangTrader> oh wait.. 2 more min
[14:58] <+MrYinYangTrader> lol
[14:58] <+MrYinYangTrader> man my night and day is all off
[14:58] <+MrYinYangTrader> my kid kept me up all night
[15:00] <+MrYinYangTrader> Shorts TF @ 642.10
[15:00] <+MrYinYangTrader> stop at 642.80
[15:00] <+MrYinYangTrader> bad entry though
[15:01] <+MrYinYangTrader> Covered all TF Short @ 642.80 --> - 0.7
[15:01] <+MrYinYangTrader> go figure
[15:03] <+MrYinYangTrader> taking a smoke break
[15:04] <+codehead> btw, 1800.00 is .500 NQ exact
[15:05] <+codehead> not to mention about flat on NQ for the day, as well as QQQQ etc
[15:06] <+MrYinYangTrader> monday is a holiday right?
[15:07] <+codehead> not this one
[15:07] <+codehead> next
[15:08] <+codehead> unless i'm missing something
[15:08] <+JimL1> Shorts TF @ 643.4 «« simulator »»
[15:08] <+JimL1> 2
[15:09] <+codehead> 1800 and 1070 the *obvious* numbers on NQ and ES
[15:09] <+codehead> 1070 is .500 and flat for the day
[15:09] <+codehead> 1800 is .500 and flat for the day
[15:09] <+JimL1> Covered all TF Short @ 643 --> + 0.4 «« simulator »»
[15:09] <+MrYinYangTrader> Shorts TF @ 643
[15:09] <+Inertia> Shorts TF @ 642.8 «« simulator »»
[15:10] <+codehead> if 1800 holds, longer frame could roll back up to buy
[15:10] <+MrYinYangTrader> thks codehead
[15:10] <+codehead> it's been in sell mode since hod
[15:10] <+MrYinYangTrader> yea i see that
[15:11] <+codehead> but big losing week, so no guarantees
[15:11] <+MrYinYangTrader> big funds my liquidate
[15:11] <+codehead> short frame is in sell mode, need to hold support
[15:12] <+MrYinYangTrader> if im a HF i waouldn't hold thru the weekend
[15:12] <+MrYinYangTrader> but who knows
[15:12] <+Inertia> Covered 1/2 TF Short @ 641.7 --> + 1.1 «« simulator »»
[15:14] <+MrYinYangTrader> Covered 1/2 TF Short @ 640.80 --> + 2.2
[15:14] <+Inertia> Covered 1/4 TF Short @ 640.9 --> + 1.9 «« simulator »»
[15:14] <+MrYinYangTrader> might just hold this until the close
[15:14] <+MrYinYangTrader> go test lod!!!
[15:15] <+rickf> short es 1072
[15:15] <+MrYinYangTrader> stop moved to breakeven
[15:16] <+rickf> exit 1/2 1070 +2
[15:16] <+MrYinYangTrader> big vol coming in
[15:17] <+Inertia> Covered Remainder TF Short @ 639.8 --> + 3 «« simulator »»
[15:17] <+MrYinYangTrader> here we go
[15:18] <+Inertia> Shorts TF @ 639.8 «« simulator »»
[15:18] <+JimL1> Shorts TF @ 640 «« simulator »»
[15:18] <+JimL1> 2
[15:19] <+JimL1> Shorts TF @ 640 «« simulator »»
[15:19] <+JimL1> Covered 1/3 TF Short @ 639 --> + 1 «« simulator »»
[15:19] <+MrYinYangTrader> stop moved to 640.40
[15:19] <+Inertia> Covered 1/2 TF Short @ 639.1 --> + 0.7 «« simulator »»
[15:19] <+codehead> short frame could hook up here...
[15:19] <+Inertia> Covered Remainder TF Short @ 639.4 --> + 0.4 «« simulator »»
[15:19] <+codehead> battle
[15:20] <+JimL1> exit stop lowered TF @ 639.7 «« simulator »»
[15:20] <+rickf> exit 1/2 es 1070 +2
[15:20] <+rickf> h2
[15:20] <+rickf> stopped 1071 +1
[15:20] <+rickf> flat
[15:20] <+JimL1> Trailing Stop Hit TF @ 639.7 --> + 0.3 «« simulator »»
[15:21] <+MrYinYangTrader> Covered all TF Short @ 640.40 --> + 2.6
[15:21] <+rickf> nice
[15:22] <+MrYinYangTrader> Shorts TF @ 641
[15:22] <+MrYinYangTrader> tight stop here
[15:23] <+JimL1> Long TF @ 640.4 «« simulator »»
[15:23] <+JimL1> 2
[15:23] <+JimL1> Exited 1/2 TF Long @ 640 --> - 0.4 «« simulator »»
[15:23] <+MrYinYangTrader> Covered all TF Short @ 641.60 --> - 0.6
[15:24] <+JimL1> Exited 1/2 TF Long @ 640.9 --> + 0.5 «« simulator »»
[15:24] <+Inertia> Shorts TF @ 641.5 «« simulator »»
[15:24] <+Inertia> Shorts TF @ 642.5 -> Add «« simulator »»
[15:24] <+JimL1> Exited Remainder TF Long @ 642 --> + 1.6 «« simulator »»
[15:24] <+Inertia> Covered all TF Short @ 641.1 --> + 1.8 «« simulator »»
[15:24] <+codehead> above 1810, could get a bit of a squeeze
[15:25] <+codehead> running low on time, but long frame could turn up here
[15:25] <+rickf> looking to lay on some spx shorts over the weekend
[15:25] <+Inertia> <codehead> .........could - COULD is the operative word
[15:25] <+JimL1> Shorts TF @ 641.62 «« simulator »»
[15:25] <+JimL1> 2
[15:26] <+MrYinYangTrader> Shorts TF @ 641.5
[15:26] <+JimL1> Covered all TF Short @ 641.5 --> + 0.12 «« simulator »»
[15:26] <+MrYinYangTrader> getting sloppy here.. too slow on the triigeer to get my price
[15:27] <+Inertia> does any 1 know about an app that will accept voice commands for Ninja?
[15:27] <+codehead> well, by could... there are times when it has no chance
[15:28] <+codehead> here it has a chance, tho time remaining is an issue
[15:28] <+rickf> you mean when you say "holy $#$##!!!1" it will execute "flatten now" ? :)
[15:28] <+Inertia> I dis agreee RESPACTFULLY :)
[15:28] <+Inertia> nothing is unexpected in this business
[15:28] <+rickf> i don't know -- i only use ninja for testing stuff
[15:28] <+rickf> which i plan to do this weekend, actually
[15:29] <+Inertia> rickf :))))) yes
[15:29] <+JimL1> Long TF @ 641.5 «« simulator »»
[15:29] <+rickf> heh
[15:29] <+JimL1> 2
[15:29] <+Inertia> plan to flatten or make the voice command
[15:29] <+Inertia> ?
[15:30] <+MrYinYangTrader> Covered all TF Short @ 641.80 --> - 0.3
[15:30] <+codehead> don't know your point about nothing being unexpected--we play odds
[15:30] <+JimL1> Exited all TF Long @ 641.7 --> + 0.2 «« simulator »»
[15:30] <+codehead> if you truly felt nothing was unexpected, you couldn't trade
[15:30] <+Inertia> not neceCELERY.
[15:31] <+Inertia> you may have a bias
[15:31] <+MrYinYangTrader> Shorts TF @ 641.50
[15:31] <+Inertia> but u have to expect anything
[15:31] <+codehead> lol, ok
[15:32] <+Inertia> hence my nick change recently
[15:32] <+MrYinYangTrader> sitting right here below vwap
[15:33] <+JimL1> Shorts TF @ 641.4 «« simulator »»
[15:33] <+JimL1> 2
[15:33] <+codehead> oic, makes sense now
[15:33] <+MrYinYangTrader> too kjumpy
[15:33] <+codehead> anyway, of course we plan for the unexpected--that's what stops are
[15:33] <+JimL1> Covered all TF Short @ 641.2 --> + 0.2 «« simulator »»
[15:33] <+MrYinYangTrader> stop 642.5
[15:34] <+MrYinYangTrader> dirty swing
[15:34] <@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
[15:35] <+codehead> k, if this holds...
[15:35] <+codehead> lol
[15:35] <+codehead> if if if
[15:36] <+JimL1> Shorts TF @ 641.7 «« simulator »»
[15:36] <+JimL1> 2
[15:36] <+MrYinYangTrader> say it!!!
[15:36] <+codehead> lol
[15:37] <+MrYinYangTrader> im keeping this short if i don't get stop out
[15:37] <+codehead> above 1805 i get bullish ;-)
[15:37] <+MrYinYangTrader> 1ct anyway
[15:37] <+JimL1> Covered 1/2 TF Short @ 640.7 --> + 1 «« simulator »»
[15:37] <+codehead> but till then, it's a battle for red/green close on a really red week
[15:37] <+MrYinYangTrader> gj jiml
[15:38] <+JimL1> Covered Remainder TF Short @ 641.6 --> + 0.1 «« simulator »»
[15:39] <+MrYinYangTrader> vol coming
[15:40] <+JimL1> Shorts TF @ 642.2 «« simulator »»
[15:40] <+JimL1> 2
[15:41] <+MrYinYangTrader> stopped moved to 642.90 :p
[15:41] <+codehead> long NQ 1801.00 <paper>
[15:41] <+codehead> for grins, it's a toss up
[15:41] <+codehead> to keep me occupied
[15:42] <+MrYinYangTrader> Covered all TF Short @ 642.9 --> - 1.4
[15:42] <+MrYinYangTrader> ok im done...
[15:42] <+JimL1> Covered all TF Short @ 642.8 --> - 0.6 «« simulator »»
[15:42] <+codehead> long frame is enticing
[15:42] <+MrYinYangTrader> no momo to down side
[15:42] <+MrYinYangTrader> to bad for me
[15:42] <+codehead> but... not enough time to trade the long frame
[15:42] <+Inertia> 1/2 hour
[15:43] <+codehead> exit half NQ +2.00 <paper>
[15:43] <+Inertia> lot's of stuff can happen
[15:43] <+rickf> yupper
[15:44] <+codehead> exit NQ +6 <paper>
[15:44] <+rickf> vn
[15:44] <+codehead> over 1810 is could squeeze
[15:44] <+codehead> it
[15:45] <+MrYinYangTrader> squeeze!!!
[15:45] <+Inertia> OJ
[15:45] <+MrYinYangTrader> squeeze!@!
[15:45] <+rickf> i figure the squeeze will get everyone back to where they thought they'd be going into this week ... ie, anticipated options-pinning levels
[15:46] <+MrYinYangTrader> hell throw in 1 ct to ride this
[15:47] <+MrYinYangTrader> Long TF @ 645.70\
[15:47] <+MrYinYangTrader> 1 ct for the hell with it
[15:49] <+MrYinYangTrader> Exited all TF Long @ 644.6 --> + 644.6 - 645.70\
[15:49] <+MrYinYangTrader> :(
[15:50] <+MrYinYangTrader> where's my squeeze codehead?
[15:50] <+Inertia> I look at these blowoffs as a plane that stalled at the top of it's altitude
[15:50] <+codehead> well, that was it, mr yin
[15:50] <+codehead> lol
[15:50] <+MrYinYangTrader> that's a sissy squeeze
[15:50] <+Inertia> :))
[15:51] <+Inertia> that's a sissy squeeze :))
[15:51] <+Inertia> and now the afterburner cicks in with some reserve fuel
[15:51] <+MrYinYangTrader> here come the real squeeze
[15:51] <+MrYinYangTrader> long 645.10
[15:51] <+MrYinYangTrader> simulator i mean
[15:52] <+Inertia> flight simulator. yes
[15:52] <+MrYinYangTrader> taking my profit and going home to the honey
[15:52] <+MrYinYangTrader> this my squeeze right now
[15:53] <+codehead> i didn't mean that was the end of it, when i said that was it--obviiously people had to buy the pb
[15:53] <+codehead> i meant squeeze into close
[15:53] <+Inertia> tick above 1300
[15:54] <+codehead> i meant that was the trigger
[15:55] <+Time4now> Good day all,
[15:55] <+Time4now> I didn't trade much because I'm sick...
[15:55] <+MrYinYangTrader> where's my squeeze?
[15:58] <+Inertia> interesting. VIX dropped in the last 20 min during this move up
[16:00] <+codehead> 10 pt not enough for you in a few mins?
[16:01] <+codehead> anyway, but that point, 1803.50 was high probability of squeeze, and 1805 was very high
[16:01] <+codehead> 1810 was just no brainer
[16:01] <+Inertia> why?
[16:03] <+codehead> my long frame signal was rolling up, looked likely to close green, and sellers had to give up at that point
[16:04] <+codehead> look at the candle for the day
[16:04] <+Inertia> I was asking about the numbers that u mentioned but I think i figured it out
[16:05] <+Inertia> r u using tick, vol or time based charts?
[16:07] <+MrYinYangTrader> it was a good day... see everyon next week
[16:07] <+MrYinYangTrader> codehead...
[16:08] <+MrYinYangTrader> that was still a sissy squeeze! :p
[16:08] <+Inertia> bye
[16:08] <+Inertia> is the market open on Monday?
[16:08] <+rickf> see y'all next week
[16:08] <+rickf> have a good w/e
[16:08] <+rickf> usa? yes ... NEXT monday 5/31 is holiday
[16:09] <+rickf> see ya
[17:01] <@X> #FuturesTrades Purpose -> Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended. More info about the chat room @ http://www.thestrategylab.com/ftchat/forum
Session Close: Fri May 21 17:53:41 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.

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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.

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