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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: Tue Jul 27 09:27:15 2010
Session Ident: #FuturesTrades
[09:27:15] * Now talking in #FuturesTrades
[09:27:15] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:28:20] <rickf> ..
[09:28:46] <drt>
all
[09:28:49] <Nesi> Hi nha
[09:29:53] <@wrbtrader> Hi all...another big gap to the upside on the regular session chart
[09:34:40] <@wrbtrader> Emini NQ produced the first hammer line of the day via the 5min chart for the Eminis
[09:36:22] <+rickf> long TF 668.9 paper
[09:39:02] <@wrbtrader> nice volatility spike
[09:39:40] <+rickf> exittf 670.1
[09:39:44] <+rickf> paper
[09:39:54] <pat255>
all
[09:40:04] <+pat255> still stuck @office
[09:40:09] <+rickf> closed the position but it's not fired yet in the sim.
[09:40:31] <+rickf> weird
[09:40:47] <+rickf> will call it a winning trade anyway ... still not fired
[09:40:58] <+rickf> there we go
[09:41:29] <+rickf> +1.9 paper
[09:41:43] <+Nesi> Nice
[09:41:53] <+rickf> ty ... hope real fills aren't like that
[09:42:22] <+rickf> first TF trade in ages .... used tick chart too
[09:43:36] <@wrbtrader> Shorts TF @ 668.00 -> medium size
[09:43:44] <@wrbtrader> 4 only
[09:43:52] <@wrbtrader> intuition because I'm late to the show
[09:44:19] <@wrbtrader> it sliced right through a support level
[09:44:26] <@wrbtrader> just hope the volatility remains
[09:45:29] <@wrbtrader> new support level trying to develop
[09:46:02] <+rickf> only trading this morning - no AC in the building, it's getting quite uncomfy already
[09:46:22] <@wrbtrader> What's the outside temperataure there
[09:46:43] <+rickf> 80F now, high of 91 ... 60pct humidity
[09:46:52] <+rickf> my place faces east, so morning sun cooks my condo
[09:47:00] <@wrbtrader> ooouch
[09:48:23] <@wrbtrader> getting too close to that infamous 10am est Consumer Confidence "pending price action"
[09:48:43] <+rickf> yeah ... 78F inside right now. coolest room is master bath -- might bring laptop and become the Tubtrader.
[09:48:46] <@wrbtrader> time to roll the dice here on my "trade management"
[09:49:16] <@wrbtrader> trippe ones just came up
[09:49:39] <@wrbtrader> Covered 3/4 TF Short @ 669.90 --> - 1.9
[09:50:01] <Inertia> i am not on the ball 2day
[09:50:10] <@wrbtrader> ooops
[09:50:44] <@wrbtrader> Covered 3/4 TF Short @ 666.90 --> + 1.1
[09:50:57] <@wrbtrader> Covered Remainder TF Short @ 667.80 --> + 0.2
[09:53:38] <Time4now> I allways like to see price bounce from a previously marked S/R zone
[09:54:16] <+rickf> flat until the numbers @ 10
[09:55:11] <@wrbtrader> same here...on the sidelined right now
[09:57:19] <+Inertia> do u sometimes get the feeling that spmething is wrong but u don't know what?
[09:57:29] <+rickf> in the markets? all the time
[09:57:36] <+rickf> tho i do know -- it's rigged.
[09:57:55] <+rickf> imho this market should NOT be rocketing higher
[09:58:04] <+rickf> feels like a bubble/mania to me
[09:58:11] <+Inertia> not in the market. some internal stuff (could b market related)
[09:58:22] <+rickf> 50.4 #s are bad
[09:58:30] <+rickf> expecting 51
[09:58:54] <+Inertia> but previous news 2day were good
[09:58:57] <+rickf> sheesh - the TF didn't even blink, didi it?
[09:59:03] <+Inertia> S&P/CS/HPI
[09:59:23] <+Inertia> Richmond news better
[10:00:01] <+Nesi> Hi
[10:00:03] <+rickf> ugh. "not as bad" = "good news" ----> buybuybuy
[10:00:07] <@wrbtrader> lets rock n roll
[10:00:28] <+Inertia> I'll wait 5-10 min
[10:01:14] <@wrbtrader> Shorts TF @ 669.00 -> medium size
[10:01:17] <@wrbtrader> 4 only
[10:01:45] <@wrbtrader> stop tighten
[10:03:53] <@wrbtrader> trailing @ profit
[10:05:02] <@wrbtrader> Covered 1/2 TF Short @ 666.90 --> + 2.1
[10:05:18] <+rickf> vn
[10:05:39] <@wrbtrader> There was also a prior change in supply/demand at that 666.90 level on my prior short position.
[10:06:13] <+rickf> still trying to get comfy with the jumpy b/a of the TF ... not as smooth as the ES
[10:06:23] <@wrbtrader> rolled the dice and decided to stay in my remainders
[10:07:31] <@wrbtrader> rolled doubled 4's
[10:07:43] <@wrbtrader> Covered Remainder TF Short @ 665.00 --> + 4
[10:08:33] <+rickf> short tf 664.4 paper
[10:08:33] <+pat255> vn
[10:08:50] <+pat255> Tf is a monster ...but that is where the $$re
[10:09:01] <@wrbtrader> a lot of key markets have now filled their gap
[10:09:05] <+pat255> @office I dont even look at it ..
[10:09:12] <+pat255> ES is just fine
[10:10:43] <+Time4now> ES volume is allways high, does that mean that it's easier to trade larger contract sizes?
[10:11:01] <+pat255> y
[10:11:03] <+rickf> yes
[10:11:09] <+pat255> N used to trade 10 cars
[10:11:29] <+Time4now> in the es?
[10:11:39] <+pat255> y
[10:11:59] <@wrbtrader> Yes...I often say I don't use volume for trade decisions. However...
[10:12:13] <@wrbtrader> I do use volume for help with position size management decisions
[10:13:25] <+Time4now> Why would you trade the tf with small stuff when es is right there?
[10:13:49] <@wrbtrader> TF has better volatility
[10:14:15] <+Time4now> better patterns w/ volatility?
[10:14:17] <+pat255> u have to be good at trading TF Time
[10:14:28] <@wrbtrader> More often than not.
[10:14:38] <+Time4now> neet
[10:14:38] <+rickf> the TF jumping aroudn the DOM is unsettling for me
[10:14:45] <@wrbtrader> Not so much better patterns...more like "more" or "clearer" trade signals.
[10:14:52] <+rickf> ES has smoother price movement i think, but when the TF moves it moves
[10:15:26] <+rickf> 663.3 next tick 663.9 etc drives me crazy
[10:15:35] <+Time4now> Maybe I'm just greedy and I think More contracts = better
[10:17:50] <+rickf> out 665.4 -1 paper
[10:18:14] <@wrbtrader> However, if I was one of those traders that prefers to scale into a position...accumulating a large position every trade wouldn't be a problem in TF
[10:18:40] <@wrbtrader> However, I don't scale in nor do I like doing such especially in a "volatile" trading instrument.
[10:19:20] <@wrbtrader> I've tried the "scale in" stuff...raised my blood pressure too high
[10:19:28] <+Time4now> When I first joined this channel
[10:19:51] <AndChat> Y
[10:19:58] <+Time4now> I was amazed when you scaled into a trade to the tune of ~6000 or somthing like that
[10:20:04] <AndChat> Test
[10:20:32] <@wrbtrader> AndChat...it's working
[10:24:06] <@wrbtrader> Time4now...those were rare types of scale ins during unusual price actions.
[10:24:19] <+Time4now> Yes I recall,
[10:24:30] <+Time4now> I just thought it was nice
[10:24:58] <+Time4now> Probably because I had steadily lost money for 3 months
[10:25:24] <@wrbtrader> It's gotto be planned ahead of time when I'm expecting some unusual consistent high volatility.
[10:25:42] <+rickf> short tf 666.6 paper
[10:26:49] <+Time4now> rickf, if you type /me before your text, it will change its color
[10:26:52] <+Time4now> If you want
[10:27:52] <+rickf> exit tf 666.1 +4 paper
[10:27:54] <+rickf> thx
[10:28:27] <+rickf> less typing my way
[10:28:45] * +rickf mmmkay?
[10:28:52] <+Time4now> :D
[10:28:57] <+Time4now> no prob
[10:29:28] <+rickf> i think if i can avoid panicking when the /TF jumps around I should be okay
[10:29:36] <+rickf> just weird to see versus the ES
[10:31:49] <+rickf> ok back later, perhaps much later.
[10:31:54] * rickf is now known as rickf_away
[10:51:07] <@wrbtrader> Shorts TF @ 664.50 -> small size
[10:51:11] <@wrbtrader> 2 only
[10:52:24] <@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[10:53:03] <@wrbtrader> Covered all TF Short @ 665.10 --> - 0.6
[10:55:46] <@wrbtrader> Shorts TF @ 664.70 -> small size
[10:55:50] <@wrbtrader> 2 only
[10:55:58] <@wrbtrader> intuition in reaction to prior trade
[10:58:52] <@wrbtrader> volatility contracting
[10:59:07] <@wrbtrader> I'm now expecting a volatility spike here soon...hopefully in the favor of my Short
[11:00:21] <@wrbtrader> Covered all TF Short @ 663.40 --> + 1.3
[11:01:12] <+pat255> geez v
at quotes lags in office
[11:01:22] <+pat255> prolly telephone connection
[11:01:49] <+Time4now> I have lag as well
[11:16:00] <AndChat> Tesr
[11:16:37] <AndChat> How s everything
[11:36:51] <+pat255> guys back after lunch
[12:15:03] <codehead> short NQ 1888.25 <paper> 2.50 pt stop
[12:15:10] <+codehead> front running a little
[12:15:17] <+codehead> 1889 is .500
[12:17:26] <+codehead> hit .500
[12:21:00] <@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[12:21:51] <+codehead> exit half NQ +1.50 <paper>
[12:22:10] <+codehead> move stop to -1.50 on remainder <paper>
[12:24:37] <+codehead> exit remainder NQ +1.25 <paper>
[13:03:47] <+codehead> NQ and ES each tapped one tick above .500 bounce at the top
[13:20:09] <@wrbtrader> Long TF @ 662.00 -> small size
[13:20:15] <@wrbtrader> 2 only
[13:23:05] <@wrbtrader> tighten stop because the open area of a prior key price action is being tested at 661.60
[13:24:42] <@wrbtrader> Exited all TF Long @ 660.80 --> - 1.2
[13:25:01] <@wrbtrader> Shorts TF @ 660.00 -> medium size
[13:26:13] <@wrbtrader> intuition because of the late entry
[13:26:27] <@wrbtrader> had a small problem in turning around my trade after the stop out
[13:28:29] <@wrbtrader> Covered all TF Short @ 659.70 --> + 0.3
[13:29:15] <@wrbtrader> Shorts TF @ 659.40 -> medium size
[13:29:20] <@wrbtrader> 4 only
[13:29:26] <@wrbtrader> intuition
[13:36:03] <@wrbtrader> Covered 1/2 TF Short @ 658.90 --> + 0.5
[13:36:18] <@wrbtrader> new support level trying to develop
[13:39:24] <@wrbtrader> Covered Remainder TF Short @ 659.40 --> 0
[13:40:15] <@wrbtrader> support in now
[13:40:21] <@wrbtrader> if it breaks...I'm short
[13:47:00] <@wrbtrader> Long TF @ 659.70 -> small size
[13:47:04] <@wrbtrader> 2 only
[13:49:57] <@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[14:02:32] <@wrbtrader> Exited all TF Long @ 660.20 --> + 0.5
[14:06:37] <@wrbtrader> Long TF @ 661.10 -> small size
[14:06:42] <@wrbtrader> 3 only
[14:06:55] <@wrbtrader> intuition in reaction to prior trade
[14:07:02] <+rickf_away> back for a bit
[14:07:04] * rickf_away is now known as rickf
[14:08:05] <+Inertia>
http://my.jetscreenshot.com/demo/20100727-txsu-56kb[14:10:42] <@wrbtrader> it's trying hard to break the range but it just can't
[14:15:01] <@wrbtrader> Exited all TF Long @ 660.70 --> - 0.4
[14:15:13] <@wrbtrader> it broke me again in that same price area
[14:16:45] <@wrbtrader> Long TF @ 661.70 -> medium size
[14:16:49] <@wrbtrader> 4 only
[14:16:52] <@wrbtrader> punks
[14:17:02] <@wrbtrader> intuition in reaction to prior stop out
[14:17:27] <@wrbtrader> range breakout
[14:17:47] <+Time4now> where did that come from?
[14:18:23] <@wrbtrader> It was in a low volatility trading range since 1:30pm est...
[14:18:42] <@wrbtrader> stuck in the price action range of a prior WRB on the 5min chart
[14:19:04] <@wrbtrader> I saw the higher lows and tried to hang with a few Longs
[14:19:34] <@wrbtrader> higher lows in reference to "up intervals in comparison to the prior up intervals".
[14:20:29] <@wrbtrader> There's another resistance area @ 663.90
[14:21:10] <@wrbtrader> If I can get lucky and catch that...I'll start exiting my position unless something not looking good shows up to force me out below 662.50
[14:31:57] <@wrbtrader> volatility officially contracted on the 5min chart with price below 662.50
[14:32:30] <@wrbtrader> Exited all TF Long @ 661.80 --> + 0.1
[14:32:53] <@wrbtrader> I'm now expecting a volatility spike here soon
[14:40:41] <+rickf> short tf 661.9 paper
[14:43:48] <@wrbtrader> back inside that prior range
[14:44:07] <Tigerman> hi all
[14:45:21] <+Tigerman> how set time stamp for seconds
thanks
[14:45:32] <+rickf> exit tf 661.6 + .4 paper
[14:46:19] <@wrbtrader> Tigerman...click on the little window (box) in the upper left corner in your #FuturesTrades window
[14:46:45] <@wrbtrader> then scroll down to "Timestamp"...set it to "On"
[14:47:55] <@wrbtrader> However, to set it for all windows in mIRC...you need to go into the main mIRC window via the "Options" tab
[14:47:57] <+Tigerman> yes just down before ,but how to activate also seconds I got minute only
[14:48:21] <@wrbtrader> Go to Tools in the main mIRC window...then to Options
[14:48:45] <@wrbtrader> scroll down to "Messages"
[14:49:03] <@wrbtrader> check Timestamp events
[14:49:26] <@wrbtrader> In that space to the right change it to [HH:nn:ss]
[14:49:39] <@wrbtrader> that's ok as long as you're not using some funky script...
[14:49:49] <+Time4now> cool thanks
[14:50:09] <@wrbtrader> there's some trade posting scripts out there that will disable your log-in via that HH:nn:ss code
[14:50:11] <+Tigerman> ok I am going to try many thanks
[14:52:15] <@wrbtrader> Shorts TF @ 661.60 -> small size
[14:52:20] <@wrbtrader> 2 only
[14:54:05] <+rickf> YAWN
[14:55:24] <+rickf> that was the short i wanted, but exited early ... TF jumpyness scared me on that one
[14:55:47] <+rickf> i probably should not have the DOM open when trading the TF
[14:55:48] <@wrbtrader> Covered all TF Short @ 661.30 --> + 0.3
[14:56:14] <@wrbtrader> TF giving only ticks in this revisited low volatility price area
[14:58:00] <+Inertia>
http://my.jetscreenshot.com/demo/20100727-acoj-54kb[14:58:04] <+Inertia>
[14:58:38] <+rickf> how is NT7 working for you?
[14:58:48] <+Inertia> it's ok
[14:59:04] <+Inertia> has it's quarks
[14:59:33] <+rickf> not played w/it recently ... use 6.5 for my testing
[14:59:40] <+rickf> and sometimes it's a dog
[15:00:51] <+Inertia> sorry, I am still on 6.5
[15:03:32] <@wrbtrader> Long TF @ 662.30 -> small size
[15:03:39] <@wrbtrader> 2 only
[15:04:04] <@wrbtrader> intution via trying Longs within that same key price area
[15:08:32] <+Inertia>
http://my.jetscreenshot.com/demo/20100727-bstc-56kb[15:08:50] <+rickf> wow .... 2-day delivery made it in 1-day. I <3 Amazon Prime.
[15:09:32] <+rickf> ops- wrong chat, sorry
[15:09:34] <+Tigerman> hey price are rising on creepy low volatility isn it
[15:10:58] <+rickf> kinda
[15:11:11] <+rickf> if ithe TF clears 663 and holds I'd be more bullish on it
[15:11:29] <+rickf> ES has nice range chop though
[15:11:41] <+rickf> tradable chop for a change
[15:12:49] <+Inertia> x2 top @ the high of yest.
[15:14:52] <+Tigerman> choppy zone
[15:17:48] <+Tigerman> long TF 662.7
[15:18:08] <+Tigerman> new scalp strategy
[15:18:37] <@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[15:19:03] <+Tigerman> exit TF @663 +.7
[15:19:17] <+Tigerman> fast trade only
[15:19:28] <+Inertia>
http://my.jetscreenshot.com/demo/20100727-3xdy-58kb[15:19:56] <+Inertia> missed the proper entry point, had slippage and then got scared
>>> made 0.01$
)
[15:20:17] <+rickf> beats losing 0,01
[15:21:14] <+Tigerman> chop again
[15:21:18] <+Inertia> y
[15:24:28] <@wrbtrader> Feels like another crisis is around the corner @
http://www.bloomberg.com/news/2010-07-2 ... ecade.html[15:24:35] <+Inertia> one thing is certain. switching 2 live trading is the way 2 go after an edge is found
[15:25:41] <+Inertia> funny. the other day I had representatives of a company trying to get me to invest in a rental property limited partnership in the states
[15:25:44] <+rickf> yes - i wonder how long this market can continue being SO bullish when the economy really isn't doing that well. tis a hysterical bubble imho
[15:26:29] <+rickf> in my retirment account i didn't buy a thing in 2009; in my trading account i nibbled with about 10% of my capital. I'm keeping my $$ for the next crash down when reality sets in
[15:26:46] <+Inertia> and then what?
[15:26:59] <+rickf> buy good stuff at fire-sale prices
[15:27:05] <+rickf> think about this --
[15:27:17] <+rickf> mutual funds are reportedly fully invested. they have no cash on the side
[15:27:26] <+Inertia> the only way out of this mess is to let all how need 2 fail - fail
[15:27:27] <+Inertia> then
[15:27:39] <@wrbtrader> Exited all TF Long @ 662.70 --> + 0.4
[15:27:40] <+rickf> when the markets turn, these funds will have to dump stuff to outperform each other
[15:27:48] <+Inertia> let wages drop 2 realistic levels so that manufacturing jobs return to the States
[15:27:58] <+rickf> i think the individual investor is nowhere in themarket as they were in 2008
[15:28:33] <+rickf> so i'll happily buy good stuff on the way down as the institutions unload -- my timeframe is 20+ years, so i can average into positions
[15:28:33] <@wrbtrader> agree
[15:28:42] <+rickf> i am in no hurry
[15:29:17] <+rickf> unemployment sucks ... consumer spending, housing, sucks.
[15:29:23] <+Tigerman> long time investing is not for me
[15:29:32] <+rickf> us soverign debt levels horrible, borderline japan
[15:29:44] <@wrbtrader> I have about 70% less money in the market today as investments in comparison to September 2008
[15:30:04] <@wrbtrader> I got scared big time...pulled most of it out
[15:30:13] <+Tigerman> yep but is more horrible the interest rate is low compare to debt value
[15:30:21] <+rickf> i hedge stuff now -- my trading account hedges my retirement account somewhat
[15:30:25] <@wrbtrader> Actually...early 2008 spooked me good
[15:31:01] <+Tigerman> I remember september/october 2008
[15:31:14] <@wrbtrader> That's when I started seeing some statistics about "pension plans" poor performance in U.S. and Canada in early 2008
[15:31:17] <+Tigerman> panic on markets and not only equity
[15:31:17] <+Inertia> test
[15:31:32] <+rickf> i repositioned some stuff in the account i manage for my father, but that's about it....didn't sell everything, just rejiggered some stuff
[15:31:51] <+rickf> yeah - sep/oct '08 was looking into armageddon i think
[15:32:04] <+Inertia> vacancies-climb-as-u-s-home-ownership-falls >>> this makes no sense. Where do the previous home owners live now? Vacancy rates should drop not increase...
[15:32:06] <@wrbtrader> No matter how high this market goes...as long as those stats remain about the housing markets...
[15:32:26] <@wrbtrader> I'm not investing like I did before 2008...will keep most of it on the sidelines
[15:33:08] <+Tigerman> invest got some value if you know where hidden real value is
[15:33:13] <+Tigerman> not a easy task
[15:33:29] <+Tigerman> emerging market is an idea
[15:33:37] <+Tigerman> but not equity
[15:33:38] <@wrbtrader> My investing motto...if it's not easy and obvious...I'm not going to risk it
[15:34:00] <+rickf> yes ... in late '08 i began to average into a few positions that i wanted to build for long-term ... my cost basis is insanely low as a result, but i'm only about 50% filled on the size I want on them. I'm in no hurry
[15:34:16] <+rickf> first time i began to buy when there was blood in the streets
[15:34:17] <+Tigerman> i mean house and ground
[15:34:43] <+rickf> what's the old investing saying? buy the screams, sell the trumpets
[15:34:50] <+Tigerman> yep
[15:34:58] <+rickf> we may not have trumpets, but the brass section sure is warming up...
[15:35:00] <+rickf>
[15:35:17] <+Tigerman> not easy to do from mental side but pay off on long run
[15:36:02] <+rickf> what made it easier was to average iinto stuff ... 100 shares here, 100 shares there at 2 bucks lower....100 more at 3 bucks higher, etc. it let me
at night knowing i could use volatility to my advantage
[15:36:08] <+Tigerman> Equity is always risky but after sep 08 bond market give many discount
[15:39:56] <+Tigerman> and you know the price @ the end
[15:41:07] <+rickf> yes
[15:41:13] <+Tigerman> meanwhile price creepy creepy go down but no entry point for me
[15:41:29] <+Inertia>
http://my.jetscreenshot.com/demo/20100727-53mq-63kb[15:41:40] <+Inertia> not by the rules >>> got nailed
[15:42:18] <+Tigerman> summer chopy big traders go holiday I think..
[15:42:50] <@wrbtrader> I have a friend in Chicago that bought a house in the bullish phase of the housing markt for 275k and watch it peak at 505k in the Carol Stream area
[15:43:14] <@wrbtrader> He held it and today he has it on the market for 252k
[15:43:26] <@wrbtrader> He's not a happy camper
[15:43:50] <+rickf> i bet
[15:43:56] <+Tigerman> bought for invest or for personal
?
[15:44:15] <@wrbtrader> Originally as an investment...didn't plan to stay in the house this long
[15:44:53] <+rickf> thankfully my place has kept much of its appreciated value over the past 10 years ... as has much in this area, for obvious reasons. I am very very thankful.
[15:44:57] <@wrbtrader> However, he lost his job and then took a low paying job to be able to pay his mortgage...things changed fast for him
[15:45:20] <+rickf> ouch!
[15:45:38] <+rickf> i am not looking forward to selling my father's place in florida
[15:46:01] <+rickf> may try to rent it if i can't move it for a decent price
[15:46:14] <@wrbtrader> Long TF @ 662.00 -> small size
[15:46:20] <@wrbtrader> 3 only
[15:48:43] <@wrbtrader> Exited all TF Long @ 661.20 --> - 0.8
[15:48:50] <@wrbtrader> hammer support failure
[15:49:20] <@wrbtrader> ooops...still within the range of the hammer line
[15:52:13] <+Tigerman> long 661.10 TF
[15:52:21] <@wrbtrader> Shorts TF @ 660.70 -> small size
[15:52:27] <@wrbtrader> 3 only
[15:53:37] <@wrbtrader> The 4pm est rush hour traffic approaching
[15:54:12] <@wrbtrader> Covered all TF Short @ 660.70 --> 0
[15:55:09] <+rickf> long tf 661 paper
[15:55:59] <+Tigerman> exit 661.2
[15:56:15] <+Tigerman> too choopy how can trade
????
[15:57:49] <@wrbtrader> Long TF @ 660.50 -> small size
[15:57:55] <@wrbtrader> 3 only
[15:58:36] <+rickf> exit tf 661.1 +.1 paper
[15:58:45] <+rickf> forgot the time
[16:01:36] <+rickf> i entered that long too early too, so i exited acc. to plan, for b/e or better
[16:02:58] <+rickf> ok out for the day - time to get some AC down the street and be comfortable
[16:03:01] <+rickf> see you tomorrow
[16:09:15] <+Time4now> this day turned out to be pretty messy imo
[16:11:27] <+Tigerman> yep summer choppy very hard to trade
[16:11:58] <@wrbtrader> Exited 2/3 TF Long @ 661.60 --> + 1.1
[16:12:28] <+Tigerman> good
[16:14:16] <@wrbtrader> Exited Remainder TF Long @ 661.20 --> + 0.7
[16:18:56] <@wrbtrader> basically churned the afternoon trading session...could have made extra profit had I stuck to my trade management after entry when I reached a WRB profit level.
[16:19:41] <@wrbtrader> Simply, let 2 key trades retrace against me losing about 1 point profit on each...resulting in a few ticks of profit
[16:20:11] <+Time4now> Well I thought you were brave
[16:20:22] <@wrbtrader> actually...was bored
[16:20:43] <+Inertia> gn
[16:20:43] <@wrbtrader> My trading day was essentially over around 11am est...
[16:21:05] <@wrbtrader> Came back out of boredom around 1:15pm est
[16:21:41] <+Time4now> nothing better to do than make money?
[16:21:49] <+Time4now>
[16:22:04] <+Tigerman> wrb the key trades was in profitt but not reach the target?
[16:24:36] <@wrbtrader> They reached profit target...
[16:24:56] <+Tigerman> oh
[16:25:02] <@wrbtrader> I just got greedy and rolled the dice to see if I could get more after reaching my profit goal for the trading day in the morning
[16:26:11] <@wrbtrader> Will try loaded dice tomorrow
[16:26:13] <+Time4now> Like you said, you can get greedy after you have reached your profit goal
[16:26:19] <+Tigerman> ok
[16:26:29] <@wrbtrader> Take care all and see all tomorrow
[16:26:34] <+Time4now> adios
[16:26:42] * wrbtrader is now known as wrbtrader_away
[16:43:38] <+Tigerman> take care see you next time
[16:50:44] <@X> #FuturesTrades Purpose -> Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended. More info about the chat room @
http://www.thestrategylab.com/ftchat/forumSession Close: Wed Jul 28 00:00:00 2010
-------------------------
#FuturesTrades is
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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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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
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http://www.thestrategylab.com/FuturesTradesChatRoom.htm Commonly discussed trading instruments from futures, exchange traded funds and forex currencies:
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