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 Post subject: May 27th Thursday - Futures, ETFs and Forex Currencies
 Post Posted: Fri May 28, 2010 5:20 am 
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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: Thu May 27 09:18:48 2010
Session Ident: #FuturesTrades
[09:18] * Now talking in #FuturesTrades
[09:18] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:27] <pat255> gm all
[09:29] <@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
[09:29] <drt> gm
[09:29] <@wrbtrader> Good morning drt and all
[09:30] <Time4now> and away it goes
[09:30] <Sidhartha> gm sll
[09:30] <+Sidhartha> all
[09:30] <+pat255> oh man ..after yesterday back to momo
[09:31] <@wrbtrader> Big gaps this morning...most of the move started in the early morning trading sessions
[09:32] <+pat255> y this seems strong
[09:36] <@wrbtrader> support just failed
[09:37] <@wrbtrader> Shorts TF @ 655.90 -> medium size
[09:37] <@wrbtrader> 4 only
[09:38] <@wrbtrader> Covered all TF Short @ 656.70 --> - 0.8
[09:38] <@wrbtrader> Shorts TF @ 656.10 -> medium size
[09:38] <@wrbtrader> 4 only
[09:40] <@wrbtrader> Covered all TF Short @ 655.30 --> + 0.8
[09:40] <@wrbtrader> :(
[09:40] <+pat255> nice recovery
[09:41] <@wrbtrader> Shorts TF @ 655.00 -> medium size
[09:41] <@wrbtrader> 4 only
[09:41] <@wrbtrader> intuition in reaction to prior trades
[09:44] <@wrbtrader> Covered all TF Short @ 655.90 --> - 0.9
[09:50] <mo2t> gm all
[09:51] <@wrbtrader> Shorts TF @ 654.20 -> medium size
[09:51] <@wrbtrader> 4 only
[09:51] <@wrbtrader> intuition
[09:51] <@wrbtrader> :(
[09:51] <MrYinYangTrader> Shorts TF @ 654
[09:51] <@wrbtrader> jerky price action...still mad about the prior Short positions getting taken out of :(
[09:52] <+MrYinYangTrader> Covered all TF Short @ 653.4 --> + 0.6
[09:53] <+Sidhartha> don't get mad, get even
[09:54] <+MrYinYangTrader> Long TF @ 654.
[09:56] <+MrYinYangTrader> Exited all TF Long @ 655 --> + 1
[09:56] <+pat255> vn
[10:00] <JimL1> Shorts TF @ 654.6 «« simulator »»
[10:00] <+JimL1> 2
[10:01] <@wrbtrader> They're waiting for "me" to cover so that they can drop it hard :)
[10:02] <+mo2t> :)
[10:02] <+pat255> geez nice hold N ...
[10:02] <+pat255> testing the low of range
[10:03] <+JimL1> ridiculous positive for gap for no meaningful news
[10:03] <@wrbtrader> this is ridiculous
[10:03] <@wrbtrader> tighten trail
[10:05] <@wrbtrader> Covered all TF Short @ 654.30 --> - 0.1
[10:06] <@wrbtrader> Long TF @ 655.20 -> medium size
[10:06] <@wrbtrader> 4 only
[10:06] <+Sidhartha> this is virtually pure chop so far
[10:08] <@wrbtrader> There trying to force us to become scalpers today :)
[10:08] <@wrbtrader> brokers must have made some calls to the exchanges
[10:11] <@wrbtrader> trailing @ profit
[10:12] <+JimL1> big trade error on ss @ 654.6- got distracted & put in a stop LIMIT order (instead of market) & prices jumped over, waiting to exit with as little damage as possible too many distrctions today this last traqde
[10:13] <Inertia> Long TF @ 657.15 «« simulator »»
[10:14] <@wrbtrader> I'm still waiting for a volatility spike to signal it's time to take profits
[10:15] <+Inertia> Exited all TF Long @ 656.9 --> - 0.25 «« simulator »»
[10:16] <@wrbtrader> Exited all TF Long @ 657.50 --> + 2.3
[10:16] <+pat255> vn N
[10:18] <@wrbtrader> That price action gave my a headache...be back later...going to take an asparin and close my eyes for awhile
[10:18] <+mo2t> nice trade, exit 1 tick below high :)
[10:24] <+Inertia> Long TF @ 657.9 «« simulator »»
[10:25] <+Inertia> Exited all TF Long @ 658.5 --> + 0.6 «« simulator »»
[10:27] <+Inertia> Long TF @ 659.2 «« simulator »»
[10:28] <+Inertia> Exited all TF Long @ 659.2 --> 0 «« simulator »»
[10:31] <+JimL1> back my exit stragetgy didn't work here's the results
[10:32] <+JimL1> Covered all TF Short @ 657.4 --> - 2.8 «« simulator »»
[10:33] <+JimL1> done for today now
[10:33] <+Inertia> Long TF @ 659.7 «« simulator »»
[10:34] <+Inertia> Exited 1/2 TF Long @ 660.3 --> + 0.6 «« simulator »»
[10:34] <+Inertia> Exited Remainder TF Long @ 660.1 --> + 0.4 «« simulator »»
[10:39] <+Inertia> Long TF @ 658.5 «« simulator »»
[10:43] <@wrbtrader> Long TF @ 659.00 -> small size
[10:44] <@wrbtrader> 3 only
[10:44] <+Inertia> Exited 1/2 TF Long @ 659.2 --> + 0.7 «« simulator »»
[10:45] <+Inertia> Exited Remainder TF Long @ 658.6 --> + 0.1 «« simulator »»
[10:46] <@wrbtrader> Exited all TF Long @ 658.00 --> - 1
[10:46] <+Inertia> Long TF @ 657.5 «« simulator »»
[10:47] <@wrbtrader> Shorts TF @ 657.30 -> medium size
[10:47] <@wrbtrader> 4 only
[10:50] <+Inertia> Exited 1/2 TF Long @ 657.6 --> + 0.1 «« simulator »»
[10:50] <+Inertia> Exited Remainder TF Long @ 657.7 --> + 0.2 «« simulator »»
[10:52] <@wrbtrader> new support showed up :(
[10:54] <@wrbtrader> Covered all TF Short @ 659.10 --> - 1.8
[10:56] <@wrbtrader> back where I started at and within a similar price action after a lower lower into a key price area
[10:58] * +Time4now long tf 685.5
[10:59] <@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
[11:00] <@wrbtrader> Shorts TF @ 657.50 -> medium size
[11:00] <@wrbtrader> 4 only
[11:00] <+Time4now> woops
[11:01] <@wrbtrader> this is one tough price area
[11:03] <+Inertia> it is always scary to go in the direction of the gap expecially if it is a big gap
[11:06] <@wrbtrader> I was "determine" to be patient today and give the trades a ton of breathing room...
[11:06] <@wrbtrader> So far...not working at all and the losses are increasing.
[11:06] <@wrbtrader> Thus, going back to being impatient and let trades only breath if volatility shows up in my favor.
[11:07] <@wrbtrader> Covered all TF Short @ 657.50 --> 0
[11:07] <@wrbtrader> Covered all TF Short @ 658.50 --> - 1
[11:09] <@wrbtrader> Long TF @ 658.20 -> large size
[11:09] <@wrbtrader> 5 only
[11:10] <+Inertia> Long TF @ 657.8 «« simulator »»
[11:11] <+Inertia> Exited 1/2 TF Long @ 658.2 --> + 0.4 «« simulator »»
[11:11] <@wrbtrader> Exited all TF Long @ 658.10 --> - 0.1
[11:12] <@wrbtrader> Shorts TF @ 657.70 -> large size
[11:12] <@wrbtrader> 5 only
[11:13] <+Inertia> Exited Remainder TF Long @ 657.4 --> - 0.4 «« simulator »»
[11:13] <@wrbtrader> volatility contracting
[11:15] <@wrbtrader> Covered all TF Short @ 658.50 --> - 0.8
[11:17] <@wrbtrader> 5 straight losses within the same 2 point range :(
[11:17] <+pat255> choppng around
[11:18] <@wrbtrader> Shorts TF @ 657.00 -> large size
[11:18] <@wrbtrader> 6 only
[11:18] <@wrbtrader> support break of that problematic 2 point range
[11:19] <MrYinYangTrader> man being having data problem for the last 2 days. dsl going up and down
[11:19] <@wrbtrader> Covered all TF Short @ 657.20 --> - 0.2
[11:19] * +Time4now short 657.7
[11:20] <+Inertia> the Greeks r not lucky "Horde of frogs keeps Greek highway traffic slow "
[11:21] <+MrYinYangTrader> Shorts TF @ 656.9
[11:22] <@wrbtrader> Shorts TF @ 657.00 -> small size
[11:22] <@wrbtrader> Shorts TF @ 657.40 -> Add
[11:22] <@wrbtrader> 1 + 3
[11:23] * +Time4now out be
[11:23] <+Inertia> does any 1 have an i5 or i7 based computer?
[11:24] <@wrbtrader> Shorts TF @ 657.60 -> Add
[11:25] <@wrbtrader> 3 add
[11:25] <codehead> i have i7--why?
[11:26] <+Inertia> what speed?
[11:26] <+Inertia> I am thinking of buying 1
[11:27] <+codehead> 8 core (2 x quad) 2.26 GHz (it's a Mac Pro)
[11:27] <+Inertia> r u running a 32 or 64 bit operating sys?
[11:27] <+codehead> Mac OS is 64 bit, but on the PC side i'm running XP Pro on it
[11:28] <+codehead> via parallels
[11:28] <+Inertia> XP is 32 or 64
[11:28] <+codehead> 32
[11:28] <+MrYinYangTrader> Covered all TF Short @ 658.6 --> - 1.7
[11:28] <+Inertia> thnks
[11:28] <@wrbtrader> back at the top of the range
[11:29] <+codehead> if ES gets thru 1095 area, it's pretty dam strong and should go higher
[11:29] <+Inertia> some currency pairs broke 2 the up side
[11:30] <@wrbtrader> I bought this top a few times and got burnt :(
[11:30] <+codehead> oh that's really stupid...
[11:30] <@wrbtrader> I've also sold the low of this range a few times and got burnt
[11:31] <+codehead> i'd never tried the chart trading feature on esignal, so was trying it with demo account
[11:31] <+codehead> when it hits you order, fill is signaled by applause form a crowd
[11:31] <@wrbtrader> looks like the safe trade is in the middle around 658 via waiting for the price action to traverse through it
[11:31] <@wrbtrader> It's a pivot
[11:31] <+pat255> looks like buy aroud 57
[11:32] <@wrbtrader> Shorts TF @ 658.00 -> Add
[11:32] <@wrbtrader> 3 add
[11:32] <+Inertia> in my humble opinion we r in a chop zone and until it goes above 661.4 or below 652.8 there should b no action taken
[11:33] <@wrbtrader> we've been in chop all day :)
[11:33] <+Inertia> or at least below 656.5
[11:34] <+MrYinYangTrader> Long TF @ 657.2
[11:34] <@wrbtrader> back at the low of that 2 point range
[11:35] <@wrbtrader> buyers has been showing up here several times before...
[11:35] <@wrbtrader> lets see if they show up again
[11:35] <@wrbtrader> YinYang has appeared :)
[11:35] <+codehead> shoot, that was a nice scalp based on a stop sell order, i should have done that for real instead of messing with the chart trader
[11:35] <+Inertia> i must say that posting trades has a positive effect on my trading. I REALLY don't want to lose in public so I have 2 b careful b4 I pull the trigger
[11:35] <+MrYinYangTrader> haha.. troublesome connection problem
[11:36] <+MrYinYangTrader> if they want range i'll play range
[11:36] <+Inertia> i have a dialup backup connection in case the DSL goes down
[11:36] <+MrYinYangTrader> Exited all TF Long @ 658 --> + 0.8
[11:37] <@wrbtrader> nice exit
[11:37] <@wrbtrader> at that mid range
[11:38] <+MrYinYangTrader> thk
[11:38] <@wrbtrader> my headache has returned :(
[11:39] <+MrYinYangTrader> thhat's a large burden mr wrb to carry
[11:39] <+MrYinYangTrader> :P
[11:39] <+MrYinYangTrader> u are bearish
[11:39] <+MrYinYangTrader> ?
[11:39] <@wrbtrader> yeah until the range breaks
[11:40] <+MrYinYangTrader> Long TF @ 656.3
[11:40] <+MrYinYangTrader> fake breakout?
[11:40] <@wrbtrader> 659 - 657 is the range
[11:41] <@wrbtrader> now it's a few ticks below the support of that range
[11:41] <+MrYinYangTrader> nq doesn't want to go down
[11:42] <+MrYinYangTrader> Exited all TF Long @ 656.9 --> + 0.6
[11:42] <@wrbtrader> Covered 1/4 TF Short @ 656.80 --> + 1.2
[11:42] <+MrYinYangTrader> gjn wrb
[11:46] <@wrbtrader> back to mid-range
[11:47] <@wrbtrader> VXX still in its own low volatility range price action
[11:48] <+MrYinYangTrader> this market rally is bs anyway
[11:49] <@wrbtrader> Lets put it this way...they can't let it drop back to levels of the financial crisis when it first took the big hits...
[11:49] <@wrbtrader> The world would fall apart as they believe
[11:49] <@wrbtrader> :)
[11:50] <+pat255> yup that is true...
[11:50] <@wrbtrader> I say let it fall and let true capitalism take place.
[11:51] <@wrbtrader> The weak or heavily debted won't survive
[11:51] <+Time4now> So they will just inflate the currency
[11:51] <+codehead> $ sharp dip
[11:51] <@wrbtrader> top of the range
[11:52] <@wrbtrader> oh oh...this feels different
[11:54] <+Inertia> oil is flying
[11:54] <+MrYinYangTrader> Shorts TF @ 659.1
[11:54] <+Inertia> actually it is flowing :)
[11:58] <@wrbtrader> Covered all TF Short @ 659.00 --> - 2
[11:58] <+MrYinYangTrader> Covered all TF Short @ 659.1 --> 0
[11:58] <@wrbtrader> Long TF @ 659.20 -> small size
[11:58] <@wrbtrader> 3 only
[12:01] <+MrYinYangTrader> taking a break
[12:01] <+MrYinYangTrader> need a smoke
[12:04] <@wrbtrader> Long TF @ 659.50 -> Add
[12:04] <@wrbtrader> 3 add
[12:04] <@wrbtrader> Long TF @ 659.90 -> Add
[12:04] <@wrbtrader> 3 add
[12:09] <@wrbtrader> Exited 1/3 TF Long @ 660.70 --> + 0.8
[12:12] <@wrbtrader> just creeping upwards but no volatility spike to signal me to dump it all :(
[12:13] <@wrbtrader> Exited 1/3 TF Long @ 661.40 --> + 2.2
[12:14] <@wrbtrader> that's a +1.9
[12:14] <+pat255> vn N
[12:15] <@wrbtrader> Exited Remainder TF Long @ 661.90 --> + 2.7
[12:15] <+pat255> wd
[12:17] <@wrbtrader> 3 winners and 10 losers but only down about -8 points
[12:17] <@wrbtrader> that equals about 1 profitable trade for me
[12:18] <+pat255> still good job that wud have freezed me
[12:18] <@wrbtrader> will take a break...try something else for this headache that's been hitting me since 0845am est this morning
[12:26] <@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
[13:11] <@wrbtrader> Shorts TF @ 659.00 -> small size
[13:12] <@wrbtrader> 3 only
[13:15] <@wrbtrader> Covered all TF Short @ 659.90 --> - 0.9
[13:15] <@wrbtrader> Long TF @ 660.00 -> medium size
[13:15] <@wrbtrader> 4 pm;u
[13:15] <@wrbtrader> 4 only
[13:16] <@wrbtrader> increasing volatility
[13:16] <@wrbtrader> hope it continues
[13:18] <+Time4now> the three minute tf chart shows a bullish dark hammer reversal
[13:18] <+Time4now> confirmed with the following close
[13:36] <@wrbtrader> Exited 3/4 TF Long @ 662.50 --> + 2.5
[13:39] <+Sidhartha> good to see it's not only me struggling with this price action today!!!
[13:41] <+Sidhartha> got a little chopped up this morning... luckily i had an appointment for a couple of hours after...
[13:41] <+Sidhartha> probably stopped me getting chopped up more
[13:41] <+pat255> yup tuff day today
[13:42] <+Inertia> I thik the trick is to recognize that it's not your day and just sit back and wait 4 a better opportunity
[13:44] <+Sidhartha> yeah
[13:44] <+Inertia> Long TF @ 661.5 «« simulator »»
[13:44] <+Sidhartha> no big disaster... just gave back yesterdays profits... ;-(
[13:45] <@wrbtrader> You got to quickly determine if the losses after having an impact on the next trade and if it's "recoverable".
[13:45] <@wrbtrader> after = are
[13:45] <+Sidhartha> I think an enforced break for a couple of hours helped!
[13:45] <@wrbtrader> Losses don't scare me...
[13:45] <@wrbtrader> In contrast, no volatility scares me.
[13:46] <+pat255> lol ...true tho for traders
[13:46] <@wrbtrader> Exited Remainder TF Long @ 661.00 --> + 1
[13:46] <@wrbtrader> 1/2 of my losses today were FEAR trades because soon after entry...the volatility dried up.
[13:47] <@wrbtrader> then the price action just creeped further against me until the next volatility spike took me out for a bigger loss.
[13:47] <+MrYinYangTrader> what's your definition of volatility spike wrb?
[13:48] <@wrbtrader> Simply, if I had any reason to believe that "volatility would not appear" for the remainder of the day...
[13:48] <+MrYinYangTrader> a wide range bar?
[13:48] <@wrbtrader> I would have called it quits for the day and keep a loss for a day.
[13:49] <+MrYinYangTrader> Shorts TF @ 660.70
[13:49] <@wrbtrader> Yes...a WRB that doesn't get retraced
[13:50] <+MrYinYangTrader> well that move from the 662 area to the 660.7 area in the one minute seems like a volatility spike
[13:50] <+Inertia> Long TF @ 660.6 -> Add «« simulator »»
[13:51] <+Sidhartha> YY & Inertia... you are currently signifying the battle between the bulls & bears
[13:53] <+MrYinYangTrader> we go back to vwap that's what my method is telling me
[13:53] <+MrYinYangTrader> but im always wrong :)
[13:56] <@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
[13:57] <+Inertia> Exited all TF Long @ 661.2 --> + 0.3 «« simulator »»
[13:57] <+Inertia> 2 much stress
[13:58] <+Inertia> even in paper trading it has an effect on me
[13:58] <@wrbtrader> Long TF @ 660.60 -> small size
[13:58] <@wrbtrader> 2 only
[14:00] <+MrYinYangTrader> Covered all TF Short @ 661.1 --> - 0.4
[14:02] <@wrbtrader> Exited all TF Long @ 660.70 --> + 0.1
[14:02] <+MrYinYangTrader> Shorts TF @ 660.3
[14:05] <@wrbtrader> support trying to develop
[14:06] <@wrbtrader> Long TF @ 661.00 -> small size
[14:06] <@wrbtrader> 3 only
[14:06] <@wrbtrader> increasing volatility
[14:06] <+codehead> ES back to key res
[14:06] <+MrYinYangTrader> Covered all TF Short @ 661.3 --> - 1
[14:07] <+MrYinYangTrader> man this whipping hurts
[14:07] <+JimL1> another attempt to break the vol resist @ 661
[14:07] <+MrYinYangTrader> i've gone no where in my trading today :(
[14:07] <+codehead> pretty lopsided bid/ask ratio up there, if it gets thru there, should be a lot fo upside left
[14:08] <+Inertia> [13:51:33] <Sidhartha> YY & Inertia... you are currently signifying the battle between the bulls & bears - since roughly 10AM we r in an uptrend so I went only long.
[14:08] <+pat255> y seems L is the way
[14:09] <+MrYinYangTrader> im a perma bull
[14:09] <+Inertia> Ninja just crashed on me
[14:09] <+Inertia> :(
[14:09] <@wrbtrader> trailing @ profit
[14:09] <+MrYinYangTrader> Long TF @ 661.9
[14:10] <+Time4now> 10min bullish hammer?
[14:10] <+JimL1> you could project a siginicant meas move (MM) approx~680
[14:10] <+MrYinYangTrader> 667
[14:15] <@wrbtrader> Exited all TF Long @ 662.20 --> + 1.2
[14:18] <@wrbtrader> Long TF @ 662.80 -> small size
[14:19] <@wrbtrader> 2 only
[14:19] <@wrbtrader> intuition
[14:20] <+JimL1> i eyeballed the 680, but its calc = 4:30 cls @636.5 to top @ 9:33 @ 661, retrcmtn & 2xbottoms @ 9:51 & 10:01 gives expansion trgts = 1.14/664, 1.27/667, 1.38/670 1.50/673 & 1.62/676
[14:20] <@wrbtrader> wow
[14:21] <+MrYinYangTrader> i like you 1.27 target
[14:22] <@wrbtrader> Exited all TF Long @ 663.30 --> + 0.5
[14:23] <+Inertia> 675.4 is my target but i don't have the ball$ to enter :(
[14:25] <+JimL1> i've been away since my screw up this am, but its a gap & go day, the ADD pegged @ 2500 early & hasn't oscillated much which means NYSE is all buy (little auctioneering except minor retrcemnt to buy more)
[14:26] <+Inertia> 664.3 looks like resistance 2 me
[14:30] <+JimL1> Long TF @ 663.7 «« simulator »»
[14:30] <+JimL1> 2
[14:32] <+JimL1> exit stop raised TF @ 663.8 «« simulator »»
[14:33] <+JimL1> Exited all TF Long @ 663 --> - 0.7 «« simulator »»
[14:33] <+JimL1> Exited all TF Long @ 663.7 --> 0 «« simulator »»
[14:47] <+codehead> NQ was pretty divergent on short frame on that last top retest
[14:47] <JimL> for those interested in BP deepsea blowout efforts: http://www.bp.com/liveassets/bp_interne ... tream.html
[14:51] <+codehead> short NQ 1853.50 <sim>
[14:52] <+codehead> exit half NQ +1.00 <sim>
[14:52] <+codehead> mainly cuz i got filled a little lower than i was trying on sim
[14:54] <+codehead> modest target, 1851.00, lower stop to b/e remainder
[14:54] <+codehead> filled, NQ +2.50 <sim>
[14:59] <+JimL1> Shorts TF @ 664.2 «« simulator »»
[14:59] <+JimL1> 2
[15:00] * +Time4now long tf 663.7
[15:02] * +Time4now out be
[15:06] <+MrYinYangTrader> geez this is boring.. im still waiting for my 667 target
[15:06] <+MrYinYangTrader> anyone here used zenfire feed before?
[15:07] <+pat255> not here
[15:07] <+pat255> but heard that is good
[15:07] <+MrYinYangTrader> as good as tt?
[15:07] <+pat255> hmm that i dont know
[15:11] <+Sidhartha> i've seen it running... very good
[15:14] <+JimL1> Covered TF Short @ 664.8 --> - 0.6 «« simulator »»
[15:14] <+JimL1> Reverse and Enter Long TF @ 664.8 «« simulator »»
[15:14] <+JimL1> this is painful
[15:14] <+MrYinYangTrader> 667 jiml1
[15:14] <+MrYinYangTrader> you 1.27 expansion mark right?
[15:16] <+JimL1> correct
[15:17] <+JimL1> i had a good scalp ss profit & pushed my targets down & lost out
[15:18] <+JimL1> Exited all TF Long @ 665 --> + 0.2 «« simulator »»
[15:18] <+JimL1> gotta start over now for fresh appraoch for longs
[15:19] <+JimL1> unless supports are broken
[15:23] <@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
[15:27] <+Sidhartha> is this the 3pm selloff...?
[15:31] <+MrYinYangTrader> poc just moved
[15:31] <+MrYinYangTrader> up here
[15:33] <+JimL1> Shorts TF @ 665 «« simulator »»
[15:33] <+JimL1> 1
[15:34] <+JimL1> just bored now
[15:35] <+JimL1> Covered all TF Short @ 664.2 --> + 0.8 «« simulator »»
[15:45] <+MrYinYangTrader> Exited Remainder TF Long @ 666.3 --> + 4.4
[15:45] <+MrYinYangTrader> ok im done
[15:45] <+pat255> vvn
[15:45] <+MrYinYangTrader> might not get to 667 but i waited long enough
[15:47] <+MrYinYangTrader> there goes my 667
[15:47] <+pat255> good read yy
[15:48] <+MrYinYangTrader> lets see how price react to this level
[15:54] <@wrbtrader> just got back
[15:56] <@wrbtrader> Long TF @ 668.70 -> small size
[15:56] <+JimL1> 673 closes gapfrom 5/20
[15:56] <@wrbtrader> 3 only
[15:56] <+codehead> 1102 next ES res
[15:56] <+codehead> then 1105
[15:57] <@wrbtrader> Exited all TF Long @ 669.40 --> + 0.7
[15:58] <+JimL1> aprox 670 1.38 expansion
[15:59] <@wrbtrader> Long TF @ 669.30 -> small size
[15:59] <@wrbtrader> 3 only
[16:00] <@wrbtrader> Exited all TF Long @ 669.20 --> - 0.1
[16:00] <+MrYinYangTrader> Shorts TF @ 669
[16:00] <@wrbtrader> Shorts TF @ 669.00 -> small size
[16:00] <@wrbtrader> 3 only
[16:02] <+MrYinYangTrader> Covered all TF Short @ 668.2 --> + 0.8
[16:03] <@wrbtrader> Covered all TF Short @ 668.20 --> + 0.8
[16:03] <+MrYinYangTrader> stop copyin me wrb!!! :p
[16:03] <@wrbtrader> 3 intuition trades back to back
[16:08] <+MrYinYangTrader> ok good day everyone
[16:08] <+Time4now> same seeya
[16:08] <@wrbtrader> :)
[16:08] <+MrYinYangTrader> not going to trade tomorrow... day before the holiday to risky
[16:09] <+Inertia> which holiday?
[16:09] <@wrbtrader> The 15min and 60min chart shows tight uptrend since 10am est last night :)
[16:09] <@wrbtrader> My biggest losers today and most of my losses were Shorts.
[16:10] <@wrbtrader> My biggest winners today and most of my winners were Longs
[16:15] <+codehead> monday is memorial day
[16:16] <@wrbtrader> Yes
[16:16] <@wrbtrader> Take care and see all on Tuesday :)
[16:16] <@wrbtrader> Meant...there's a good chance I will only do a little trading tomorrow morning.
[16:18] <@wrbtrader> Going to spend most of the day looking at Kayak equipment
[16:21] * wrbtrader is now known as wrbtrader_away
[16:53] <@X> #FuturesTrades Purpose -> Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended. More info about the chat room @ http://www.thestrategylab.com/ftchat/forum
Session Close: Thu May 27 18:53:48 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
Business Hours: 8am - 5pm est (Mon - Fri)
Skype Messenger: kebec2002
questions@thestrategylab.com
Go Back To TheStrategyLab.com Homepage


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