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Session Start: Fri Dec 10 08:18:55 2010
Session Ident: #FuturesTrades
[08:18:55] * Now talking in #FuturesTrades
[08:18:56] <@X> [NihabaAshi] chat room archives @
viewforum.php?f=20[09:02:15] <@X> #FuturesTrades Info -> Chat room for traders of Emini Futures (EMD, TF, ES, NQ, YM), EuroFX Futures (6E, EC), Eurex/Euronext Futures (DAX, ESTX50, FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM), Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQQ, SPY) and Forex Currencies
[09:29:45] <drt>
all
[09:31:43] <Trendtrader> Shorts NQ @ 2204.50
[09:32:16] <+Trendtrader> Covered all NQ Short @ 2204.5 --> 0
[09:32:36] <+Trendtrader> moved stop way too quickly to BE...
[09:36:20] <+Trendtrader> Long YM @ 11314
[09:38:50] <@wrbtrader> Long ES @ 1230.00 -> medium size
[09:38:56] <@wrbtrader> 4 contracts
[09:40:45] <@wrbtrader> Exited 1/2 ES Long @ 1231.00 --> + 1
[09:41:27] <+Trendtrader> Exited all YM Long @ 11316 --> + 2
[09:45:31] <@wrbtrader> Exited Remainder ES Long @ 1230.25 --> + 0.25
[09:47:13] <pat255>
all
[09:47:19] <+pat255> @office today
[09:50:07] <Sidhartha> consumer sentiment... 5 mins
[09:52:57] <@wrbtrader> Hopefully that key economic report causes a change in volatility
[09:53:15] <@wrbtrader> price action currently contracting too much for this time of day
[10:04:37] <@wrbtrader> support failure
[10:05:19] <+pat255> inflation consumer sentiment #'s good?
[10:05:26] <+pat255> hmm mkt down
[10:05:32] <@wrbtrader> Shorts ES @ 1228.50 -> small size
[10:05:41] <@wrbtrader> 2 contracts
[10:06:32] <@wrbtrader> Covered all ES Short @ 1229.00 --> - 0.5
[10:07:22] <@wrbtrader> Long ES @ 1229.25 -> medium size
[10:07:28] <@wrbtrader> 4 contracts
[10:07:40] <@wrbtrader> 1 more than I wanted
[10:10:17] <@wrbtrader> Exited all ES Long @ 1228.50 --> - 0.75
[10:10:25] <@wrbtrader> volatility contracting lower
[10:10:47] <@wrbtrader> Shorts ES @ 1228.00 -> large size
[10:10:52] <@wrbtrader> 6 contracts
[10:10:59] <@wrbtrader> expecting a volatility spike here soon
[10:14:26] <@wrbtrader> key markets gap fill
[10:14:53] <@wrbtrader> Emini ES chopping around this new support area
[10:16:28] <@wrbtrader> Covered all ES Short @ 1228.25 --> - 0.25
[10:20:47] <@wrbtrader> long shadows forming on more volatility contraction
[10:22:25] <+pat255> y on 3m but stuck here ...forming S here
[10:22:54] <@wrbtrader> I needs some volatility...just stuck around the support area
[10:26:25] <@wrbtrader> Emini ES jumped 2 ticks from 1228.50 to 1229.00 on a 2 contract trade
[10:26:32] <@wrbtrader>
[10:26:53] <+pat255> es perk up a bit * nq
[10:27:15] <@wrbtrader> Emini TF has been doing that most all trading day for 2010...making it tougher to trade.
[10:28:16] <+pat255> y tf they are raising fees ..always try to suck people on fees
[10:28:48] <@wrbtrader> Hopefully the other exchanges won't soon follow by increasing fees too.
[10:29:14] <@wrbtrader> They dropped membership fees so low...still having problems selling those seats.
[10:29:15] <+pat255> y hope not ..but they know we cant do anything
[10:29:16] <@X> #FuturesTrades Info -> Chat room for traders of Emini Futures (EMD, TF, ES, NQ, YM), EuroFX Futures (6E, EC), Eurex/Euronext Futures (DAX, ESTX50, FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM), Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQQ, SPY) and Forex Currencies
[10:29:29] <+Sidhartha> as I said before, the CME are going in the opposite direction... offering exchange fee waivers to traders trading through qualifying brokers...
[10:29:39] <@wrbtrader> They may be just trying to now make up for such via going after the retail folks.
[10:31:25] <@wrbtrader> I think we are moving in the direction of eliminating small account traders via "high overhead costs".
[10:32:10] <+Sidhartha> that's good news!!
[10:33:44] <@wrbtrader> Politicians will be happier...some of them don't like day traders
[10:39:02] <@wrbtrader> Emini ES having a lot of problems in the 1229.75 - 1228.50 range
[10:39:14] <@wrbtrader> looking for a breakout of such
[10:41:46] <@wrbtrader> Long ES @ 1229.00 -> large size
[10:41:52] <@wrbtrader> 6 contracts
[10:42:14] <@wrbtrader> intuition
[10:42:22] <@wrbtrader> support failure stalled
[10:42:43] <@wrbtrader> trying to exploit the retracement going back inside the key price area
[10:44:10] <@wrbtrader> back at the top of that key price area (change in supply/demand)
[10:44:28] <@wrbtrader> tightening stop/loss
[10:44:40] <+pat255> good entry N
[10:44:55] <+pat255> charts hicuup here phone connection ...:9
[10:45:03] <@wrbtrader> still looking for a volatility breakout of 1229.75
[10:45:28] <@wrbtrader> If it drops...will be looking for the same volatility breakout of 1228.50
[10:45:58] <@wrbtrader> stalling
[10:46:39] <@wrbtrader> Oil and Gold stalling now
[10:47:52] <@wrbtrader> Exited all ES Long @ 1229.50 --> + 0.5
[10:48:47] <soupy> reason for exit there , if you don't me asking?
[10:55:02] <+pat255> soupy looks like it was intutuiontrade & he wants to keep some profit ..this chop heer no move makes sense
[10:59:26] <@wrbtrader> Yeah...I tighten that stop/loss and then tighten it again to a profitable trailing stop after it stalled 2 ticks above that key price area I mentioned earlier
[10:59:41] <@wrbtrader> [10:39:02] <@wrbtrader> Emini ES having a lot of problems in the 1229.75 - 1228.50 range
[11:00:22] <@wrbtrader> Had volatility showed up on the brief move above 1229.75
[11:00:28] <@wrbtrader> I would have stayed Long
[11:00:46] <@wrbtrader> It didn't show up and I was "easily" spooked out of the trade
[11:01:44] <@wrbtrader> Also, there's a profit issue...
[11:02:12] <@wrbtrader> Was at a loss prior to the trade...didn't want it to retrace too much...needed to get rid of some of the loss
[11:03:04] <@wrbtrader> Simply, had I been up big for the day...I'm sure I would have had the courage to stay in the trade and try to survive any sideways price action
[11:03:18] <+pat255> later guys back top a meeting
[11:03:20] <+pat255> ty all
[11:04:25] <@wrbtrader> Just not good enough or bad enough news events this week to get some good volatility into the market.
[11:05:53] <@wrbtrader> Long ES @ 1231.00 -> medium size
[11:06:03] <@wrbtrader> not 4...but 3 contracts
[11:06:15] <@wrbtrader> volatility breakout
[11:06:22] <@wrbtrader> lets see if it last
[11:09:46] <+soupy> ty
[11:09:49] <@wrbtrader> Long ES @ 1230.50 -> Add
[11:12:05] <@wrbtrader> Long ES @ 1230.50 -> Add
[11:12:21] <@wrbtrader> 2 add
[11:13:11] <@wrbtrader> I've been patient but it's not working too well
[11:13:22] <@wrbtrader> now losing my patience
[11:15:52] <@wrbtrader> Exited 1/2 ES Long @ 1230.25 --> - 0.25
[11:16:11] <@wrbtrader> Exited Remainder ES Long @ 1230.00 --> - 1
[11:16:25] <+soupy> fwiw i have a long target @ 1232 area. but hey you never know
[11:17:46] <@wrbtrader> If volatility shows up and tries again...I'll go Long again
[11:18:33] <@wrbtrader> volatility increasing
[11:20:33] <@wrbtrader> stuck in a 2 tick range right now
[11:20:48] <@wrbtrader> only good thing about that is that it usually leads into a volatility breakout
[11:32:07] <@wrbtrader> Starting to look like it's time to read a book or go do some laundry
[11:34:52] <dobie> read the boook while doint laundry
[11:51:29] <Time4now> hi all
[11:56:44] <@wrbtrader> Long ES @ 1230.50 -> small size
[11:56:55] <@wrbtrader> 3 contracts
[11:57:04] <@wrbtrader> may be a little slow on the volatility still
[11:59:16] <@X> #FuturesTrades Info -> Chat room for traders of Emini Futures (EMD, TF, ES, NQ, YM), EuroFX Futures (6E, EC), Eurex/Euronext Futures (DAX, ESTX50, FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM), Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQQ, SPY) and Forex Currencies
[11:59:45] <@wrbtrader> Exited all ES Long @ 1231.25 --> + 0.75
[12:00:59] <@wrbtrader> resistance area
[12:01:15] <@wrbtrader> may go back in if it can break above this area
[12:11:10] <codehead> oil dump met some nice volume, followed by nice bounce
[12:12:02] <+codehead> i read a while back something... gave me a slightly different perspective on volume
[12:12:22] <+codehead> subtly different that the one i had for years
[12:12:46] <+codehead> similar, but just a different angle
[12:13:07] <+codehead> and i know this will sound obvious, but i also know that most people dont' think of it this way:
[12:13:18] <+codehead> bullishness is revealed in dumps
[12:13:26] <+codehead> bearishness is revealed in pops
[12:14:04] <+codehead> oil was stepping down, and the last one was a straight down dump, met with great volume
[12:14:59] <+codehead> revealing the strength and interest of buyers down there
[12:16:33] <+Time4now> thanks for the info
[12:16:47] <+codehead> yw
[12:17:35] <+soupy> 1232 hit partial exit
[12:18:08] <+codehead> read that in a book or article on VSA (volume strength analysis)
[12:18:21] <+codehead> reminding me that i need to go back and read more
[12:18:46] <+codehead> big bounce on oil, took back two of those stairsteps down
[12:27:45] <@wrbtrader> Long ES @ 1232.00 -> small size
[12:28:01] <@wrbtrader> 1 contract
[12:28:25] <@wrbtrader>
[12:29:59] <+Time4now> gn all
[12:31:29] <@wrbtrader> Exited ES Long @ 1232.00 --> 0
[12:32:05] <@wrbtrader> entry via trade error but I stay around long enough to see if I could get a lucky 1 tick profit
[12:32:19] <@wrbtrader> didn't get it
[12:37:38] <@wrbtrader> low volatility price rise...toughest game in town to trade
[12:39:03] <+codehead> at mm blue line, fwiw
[12:43:56] <+codehead> short NQ sim 2211.00, stop 2213.50
[12:44:28] <+codehead> mainly trying out the chart trader, this entry based on st signal, jumping it a bit
[12:44:37] <+codehead> but getting in a res area
[12:47:45] <@wrbtrader> Long ES @ 1233.00 -> small size
[12:47:52] <@wrbtrader> 2 contracts
[12:47:54] <@wrbtrader> intuition
[12:47:59] <@wrbtrader> volatility increasing
[12:50:54] <@wrbtrader> Exited all ES Long @ 1232.50 --> - 0.5
[12:52:22] <+codehead> exit NQ -.25 sim
[12:56:52] <+codehead> short NQ 2212.50 sim
[12:57:09] <+codehead> hm, i think it's a flaw in the sim that it filled there, hit but didn't clear it
[12:57:34] <+codehead> it didn't even make the sound for fill, but execution says it's filled
[12:58:12] <+soupy> 1233.50 exit partial
[12:59:05] <+soupy> trailing stop and higher profit target 1237
[12:59:54] <+soupy> with a possible exit in the 1235.50 area
[13:01:10] <@wrbtrader> If 1232 support holds...this will go higher
[13:14:30] <+soupy> have a good afternoon all
[13:29:17] <@X> #FuturesTrades Info -> Chat room for traders of Emini Futures (EMD, TF, ES, NQ, YM), EuroFX Futures (6E, EC), Eurex/Euronext Futures (DAX, ESTX50, FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM), Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQQ, SPY) and Forex Currencies
[14:09:58] <@wrbtrader> just got back from some personal errands
[14:10:09] <@wrbtrader> looks like it's still creeping higher on low volatility
[14:13:04] <+codehead> NQ starting to get in res area
[14:13:21] <+codehead> possibel the longer term can get a cross in a bit
[14:13:56] <+codehead> if it dips a few more ticks, might start to hit some trails
[14:22:30] <@wrbtrader> Long ES @ 1234.75 -> small size
[14:22:37] <@wrbtrader> 2 contracts
[14:22:40] <@wrbtrader> intuition
[14:22:51] <@wrbtrader> tight stop
[14:28:38] <@wrbtrader> Exited all ES Long @ 1234.25 --> - 0.5
[14:29:29] <@wrbtrader> Shorts ES @ 1234.00 -> small size
[14:29:35] <@wrbtrader> 3 contracts
[14:29:45] <@wrbtrader> support failure
[14:29:50] <+codehead> yup
[14:29:56] <@wrbtrader> but they've retraced all day so far
[14:30:03] <+codehead> true
[14:30:15] <+codehead> my longer term view is rolling over tho
[14:30:24] <+codehead> first time
[14:31:37] <+codehead> (since the opening down move)
[14:34:37] <@wrbtrader> geeesh...it's a tough price action for a Friday
[14:35:09] <@wrbtrader> patience is being rewarded today instead of "lack of patience"
[14:37:35] <@wrbtrader> I wonder if we'll get that christmas rally towards the latter part of December
[14:38:07] <@wrbtrader> Covered all ES Short @ 1234.50 --> - 0.5
[14:38:17] <@wrbtrader> support regained
[14:40:47] <+codehead> NQ managed to dip to the 20ema for first time in a few hours
[14:40:58] <+codehead> doesn't dip far before buyers find it
[14:41:28] <+codehead> 2216.50 res on NQ
[14:56:17] <@X> #FuturesTrades Info -> Chat room for traders of Emini Futures (EMD, TF, ES, NQ, YM), EuroFX Futures (6E, EC), Eurex/Euronext Futures (DAX, ESTX50, FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM), Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQQ, SPY) and Forex Currencies
[14:57:05] <@wrbtrader> Long ES @ 1234.75 -> large size
[14:57:19] <@wrbtrader> 6 contracts (4 + 2)
[15:03:17] <@wrbtrader> Oil OIH reached intraday highs
[15:06:22] <@wrbtrader> I haven't been around for most of this rising creeper price rise but it seems to know when I'm going Long
[15:07:29] <@wrbtrader> normal 2 point stop...no tight stop as the prior recent trades
[15:14:53] <@wrbtrader> volatility spike
[15:15:15] <@wrbtrader> Emini ES at a support...looks weak
[15:21:42] <@wrbtrader> Exited all ES Long @ 1233.75 --> - 1
[15:22:27] <@wrbtrader> be back soon...got a distraction here at home
[15:28:02] <@wrbtrader> Long ES @ 1234.25 -> large size
[15:28:23] <@wrbtrader> Ok...I'm back...kids came back early
[15:30:00] <+codehead> messing around trying to get a video off a facebook page--they are doing something funky to protect it...
[15:30:23] <+codehead> video of my son (23) jumping out of a pool, a very impressive feat
[15:30:43] <+codehead> well, not much pb, and my st signal turned back up
[15:31:09] <@wrbtrader> volatility spike
[15:31:30] <@wrbtrader> geeesh
[15:35:29] <@wrbtrader> Exited all ES Long @ 1235.25 --> + 1
[15:37:14] <@wrbtrader> Long ES @ 1235.25 -> large size
[15:55:52] <@wrbtrader> Exited all ES Long @ 1235.25 --> 0
[15:57:49] <@wrbtrader> Long ES @ 1235.25 -> large size
[15:58:21] <@wrbtrader> one more try for that volatility breakout
[16:07:39] <@wrbtrader> 3 tick range for the 4pm rush hour traffic
[16:14:18] <@wrbtrader> Exited all ES Long @ 1236.00 --> + 0.75
[16:14:46] <@wrbtrader> didn't get what I wanted out of those recent 3 trades
[16:15:16] <@wrbtrader> Take care all...got to do my end of day wrap up later tonight...taking the kids to Boston Pizza
[16:15:24] * wrbtrader is now known as wrbtrader_way
[16:16:10] <+codehead> nice
[16:16:16] <+codehead> have a good weekend
[16:26:18] <@X> #FuturesTrades Info -> Chat room for traders of Emini Futures (EMD, TF, ES, NQ, YM), EuroFX Futures (6E, EC), Eurex/Euronext Futures (DAX, ESTX50, FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM), Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQQ, SPY) and Forex Currencies
Session Close: Sat Dec 11 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 trade signal methods, different perspective of the markets and different experience levels. 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
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 trade signal 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 advertisements for guest visitors.
Commonly discussed trading instruments from futures, exchange traded funds and forex currencies:
CME Emini Futures EMD, ES and NQ
ICE Emini TF Futures (formerly CME ER2)
CBOT mini-sized Dow Futures YM
Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50
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CME Futures EuroFX 6E and EC
Treasury Futures T-Notes ZT, ZN, ZF and T-Bonds ZB
Forex Currencies GbpUsd, EurUsd, EurYen and UsdCdn
Exchange Traded Funds VXX, DIA, IWM, QQQQ, SPY, BGU, FAS, FAZ, TNA, OIH, XLE and GLD
NYMEX Energy Futures Light Crude Oil CL, Brent Crude Oil BRN, e-miNY QM and Natural Gas NG
COMEX Metal Futures Gold GC, mini-Gold YG, Copper HG and Silver SI
S&P CNX NIFTY Futures
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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
price action only 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
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Price Action Only Trading (no indicators)
@
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