##TheStrategyLab Price Action Chat Room Logs

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Session Start: Wed Jun 01 08:15:47 2011
Session Ident: #FuturesTrades
[08:15:47] * Now talking in #FuturesTrades
[08:15:47] <@X> [NihabaAshi] chat room archives @ viewforum.php?f=20
[09:14:29] <eminigil> good morning
[09:14:36] <pat255> all
[09:19:20] <+eminigil> price hanging near pivot 845.7
[09:22:59] <Warbucks> everyone
[09:26:48] <AndyES> Warbucks, all
[09:27:25] <+Warbucks> hey Andy
[09:28:32] <+AndyES> ADP non farm employment number hugely under
[09:29:02] <+eminigil> didn't move market much yet
[09:29:04] <dr>
[09:33:04] <+eminigil> Shorts Emini TF @ 846.o
[09:33:37] <Trendtrader> Long TF @ 846.2 «« simulator »»
[09:34:31] <+eminigil> +.5 part
[09:34:42] <+eminigil> +1.0 out
[09:37:03] <+pat255> good syart
[09:37:11] <+eminigil> tks
[09:38:30] <@wrbtrader> Good morning all
[09:38:39] <+eminigil>
[09:38:42] <+pat255> N
[09:38:59] <+AndyES> N, all
[09:39:40] <@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
[09:40:28] <+Warbucks> aapl over 350 on a tear since yesterday
[09:41:03] <+Trendtrader> Long TF @ 845.6 -> Add «« simulator »»
[09:43:34] <+eminigil> Shorts Emini TF @ 845.8
[09:47:42] <+pat255> S 45.5 TF
[09:47:46] <+pat255> paper
[09:48:38] <+eminigil> missed my fill by a couple
[09:49:45] <+pat255> out here
[09:55:04] <+eminigil> pivot at 845.7 may act as resistence on a bounce
[09:59:40] <@wrbtrader> 10am est key market event is upon us
[10:00:16] <@wrbtrader> Shorts Emini TF @ 842.50 -> large size
[10:00:25] <+pat255> May ISM Manufacturing: Down to 53.5, vs. Cons. 57.1; Prices Paid: 76.5, vs. Cons. 81.5 $$
[10:00:34] <+eminigil> s1 level 841.1
[10:00:47] <@wrbtrader> 6 contracts
[10:00:50] <@wrbtrader> intuition
[10:02:43] <@wrbtrader> Covered all Emini TF Short @ 841.50 --> + 1
[10:02:52] <+eminigil> nice bounce off s1
[10:03:17] <+eminigil> nice wrb
[10:03:40] <@wrbtrader> Yeah...I didn't want to hang around too long with some key support sitting below
[10:03:50] <+eminigil> agree
[10:05:00] <+Trendtrader> Long TF @ 842.2 «« simulator »»
[10:05:10] <@wrbtrader> Long Emini TF @ 842.00 -> small size
[10:05:26] <@wrbtrader> 1 contract
[10:08:31] <@wrbtrader> Exited Emini TF Long @ 841.70 --> - 0.3
[10:09:23] <@wrbtrader> Shorts Emini TF @ 841.40 -> medium size
[10:09:27] <@wrbtrader> 4 contracts
[10:09:56] <@wrbtrader> obviously I'm now looking for the support to fail
[10:10:10] <+eminigil> broke s1 support
[10:11:59] <@wrbtrader> Covered 3/4 Emini TF Short @ 840.00 --> + 1.4
[10:13:33] <+eminigil> nice etrade
[10:14:05] <+AndyES> Long TF @ 838.7 «« scalp »»
[10:16:03] <+eminigil> should bounce a little andy
[10:16:12] <@wrbtrader> I'm too slow on this remainder...saw 838.10 and should have taken it
[10:17:00] <@wrbtrader> waiting for a 2nd chance
[10:18:10] <+AndyES> Exited 1/2 TF Long @ 839.2 --> + 0.5 «« scalp »»
[10:19:04] <+AndyES> Exited 1/4 TF Long @ 840.0 --> + 1.3 «« scalp »»
[10:19:21] <+Trendtrader> Long TF @ 839.2 -> Add «« simulator »»
[10:21:28] <+AndyES> Exited Remainder TF Long @ 840.8 --> + 2.1 «« scalp »»
[10:21:29] <+eminigil> Shorts Emini TF @ 841.0
[10:21:58] <@wrbtrader> Covered Remainder Emini TF Short @ 840.80 --> + 0.6
[10:23:18] <+eminigil> +5 part
[10:24:49] <+eminigil> +7 out
[10:27:21] <@wrbtrader> Light Crude Oil CL futures looked like it was going to try for 104
[10:27:36] <@wrbtrader> Instead, it has retraced back into 101 price area
[10:27:51] <@wrbtrader> Gold GC futures look messy
[10:29:22] <+eminigil> 841.1 showed resistance
[10:29:51] <+eminigil> might go test it again
[10:33:09] <+eminigil> weak market 1 min histogram has not been pos since 8:32
[10:45:58] <+eminigil> gen motor in line
[10:48:55] <@wrbtrader> So far...a trend down day
[10:49:18] <@wrbtrader> in reference to the Eminis
[10:49:26] <+eminigil> hasn't found a bottom yet
[10:49:31] <@wrbtrader> Also, Gold GC futures finally showed some life
[10:49:46] <@wrbtrader> Now Oil CL futures has price noise
[10:50:45] <+eminigil> s2 832.6
[10:55:06] <+eminigil> some buying 836 area
[11:05:00] <+eminigil> Shorts Emini TF @ 837.7 «« Scalp »»
[11:06:26] <+eminigil> +3 part
[11:06:37] <+eminigil> +6 out
[11:09:40] <@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
[11:17:56] <+AndyES> Long TF @ 836.4 «« scalp »»
[11:20:07] <+AndyES> Exited 3/4 TF Long @ 836.9 --> + 0.5 «« scalp »»
[11:20:49] <+eminigil> nice andy I was long for 36.0 here didn't get it
[11:22:43] <+AndyES> thx em, some chance here but not looking good yet
[11:24:34] <+AndyES> bonds are finally selling off
[11:30:36] <+AndyES> Exited Remainder TF Long @ 837.8 --> + 1.4 «« scalp »»
[11:33:58] <+eminigil> 36.0 test near again
[11:34:09] <Time4now> I see larger buyers at 837.7, but then it sells sharply?
[11:34:40] <+Time4now> on smaller contracts
[11:54:08] <+Time4now> long small 837.1
[12:03:13] <+Time4now> exit -1
[12:14:44] <+eminigil> Long Emini TF @ 832.7 «« Scalp »»
[12:15:43] <+eminigil> +5 part
[12:16:14] <+eminigil> +7 out
[12:17:05] <+eminigil> bounce off s2 832.6
[12:18:10] <+eminigil> breaking it this time
[12:26:35] <esmall> Hi
[12:27:36] <+esmall> Hope you all got short anything but DX
[12:28:19] <+eminigil> short 5 times today so far
[12:28:36] <+eminigil> 2 longs
[12:28:37] <+esmall> good
[12:28:58] <+esmall> this stared with ADP at 8:15
[12:29:12] <+esmall> bad jobs added only 35k
[12:30:07] <+eminigil> might find some support here at s2 832.6 area
[12:30:11] <+esmall> TF swing high after that was 47
[12:31:46] <+esmall> 42.6 then 38.2
[12:32:53] <+esmall> Ill short 33.10 if she rolles
[12:33:18] <+esmall> there is a gap fill at 30
[12:33:23] <+esmall> from last week
[12:34:29] <+eminigil> if stays over 32.6 it might still prove support
[12:34:43] <+esmall> yep
[12:35:09] <+eminigil> fence area right here
[12:35:17] <+esmall> 33 - 34 resistance so tight
[12:35:28] <+esmall> yea
[12:35:32] <+esmall> I call it a brick
[12:35:56] <+esmall> and its lunch time - all good reasons to wait
[12:36:27] <+eminigil> that's where i'm heading back for afternoon
[12:36:44] <+esmall> aapl still up because of I-Cloud
[12:37:31] <+esmall> HSI had me up late big swing session up 100 down 100
[12:39:41] <@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
[12:41:54] <+esmall> 33 short
[12:43:46] <+esmall> 1 out trail
[12:49:44] <+esmall> all out
[12:57:26] <+esmall> missed the oil short
[13:01:35] <+esmall> oil had a swing of 101.11 and dropped .90
[13:01:49] <+esmall> in 14 mins
[13:08:44] <+esmall> emin you there?
[13:28:08] <+eminigil> back from lunch still falling
[13:32:31] <codehead> nice action at ES lod, seems to be buyers
[13:33:36] <+eminigil> possible not convinced here yet
[13:35:53] <+Time4now> short small 828.8
[13:37:05] <+esmall> waiting for the squuezze
[13:37:55] <+eminigil> i'd like to see over last swing 30.6 to look long
[13:41:08] <+eminigil> Shorts Emini TF @ 29.9 «« Scalp »»
[13:43:08] <+eminigil> +3 part
[13:43:55] <+esmall> no you earl\y
[13:44:06] <+eminigil> -8 out
[13:44:16] <+Time4now> exit 30.6
[13:44:25] <+esmall> told ya squeeze :-)
[13:44:55] <+eminigil> need sot stay over 30.6
[13:46:33] <+esmall> 31 is where she brokwe so 31 got tested ok
[13:47:41] <+eminigil> market still weak below s2 32.6
[13:47:49] <@wrbtrader> Just got back...
[13:47:53] <+esmall> yes but you need to wait
[13:47:57] <+Time4now> short small 830
[13:48:08] <@wrbtrader> still a nice trend day downward
[13:48:27] <+esmall> sorry burt you shorted right into the buyers
[13:48:43] <@wrbtrader> A nice way to start any month of trading with a "trend day" regardless to the direction
[13:49:05] <+esmall> and a strong one at that
[13:49:16] <+Time4now> short add 830.3
[13:49:21] <+eminigil> i don't win them all es
[13:49:28] <+esmall> me niether
[13:49:42] <+Trendtrader> Exited all TF Long @ 829.5 --> - 22.4 «« simulator »»
[13:49:50] <+eminigil> nice day though over 1k
[13:50:03] <+esmall> great dont give any back
[13:50:13] <+esmall> I tell myself
[13:50:37] <+esmall> I marke all the swing points
[13:51:14] <+esmall> they know all were looking at 30.60 thats why they took it up past
[13:51:42] <+eminigil> didn't hold though
[13:52:04] <+esmall> no it was just s squueeze
[13:53:53] <+eminigil> yesterday 2:45 to 3:00 was a squeeze
[13:54:03] <+esmall> k
[13:54:49] <+esmall> bust that was an ES pubback to demand at 33 today is diff
[13:56:03] <+eminigil> it's trying to get going
[13:56:05] <+Time4now> exit 830
[13:57:51] <+Time4now> long small 830.7
[13:58:27] <+esmall> watch es at 23.75 24
[14:01:52] <+esmall> es very weak
[14:02:02] <+esmall> .50 held lol
[14:03:08] <+eminigil> auto and truck sales out in hour
[14:05:11] <+Time4now> exit 830.3
[14:06:41] <@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
[14:08:19] <+esmall> where you not looking for shorts
[14:09:04] <+eminigil> over 831 here
[14:09:12] <+esmall> they love to suck in the orders 31.30 2 tick higher then last
[14:10:09] <+esmall> Im always suprized to see people fight such a strong trend off the lows
[14:11:19] <+eminigil> trend is still down now
[14:11:25] <+esmall> for sure
[14:12:33] <+esmall> LOS
[14:12:41] <+esmall> LOD should get tested
[14:13:16] <+eminigil> don't try to catch it till it reverses
[14:16:38] <+eminigil> you might get a counter bounce 27.5 but risky
[14:21:25] <+esmall> short 29.5
[14:22:11] <+esmall> tornado alert in Boston wholly crap
[14:22:49] <+esmall> stop 29
[14:24:30] <+esmall> 28.8
[14:24:34] <+esmall> 28.6
[14:25:26] <+esmall> 28.4
[14:26:06] <+esmall> 28.1
[14:27:28] <+esmall> there has yet to be a higher swing low on 10 range or 5 min
[14:28:41] <+esmall> NQ LOD
[14:29:25] <+esmall> here we go target down 24
[14:30:46] <elf2> why is the tick not making a lower low?
[14:31:10] <+esmall> cause we going lower
[14:32:13] <+esmall> Tick is an inverse indicator ticks low at bottoms
[14:33:10] <+elf2> lowest low i have today is -1414
[14:33:27] <+esmall> is that ES
[14:33:33] <+elf2> in the old days that would have triggered the buy algos
[14:33:44] <+esmall> yes 1500-
[14:33:51] <+elf2> yes ny tick
[14:33:52] <+AndyES> Long TF @ 826.90 -> small size «« scalp »»
[14:34:23] <+esmall> all I watch new is price
[14:34:23] <+eminigil> Long Emini TF @ 827.0 «« Scalp »»
[14:34:52] <+esmall> 27.5 needs to become support for any legs
[14:37:34] <+AndyES> Exited 1/2 TF Long @ 827.4 --> + 0.5 «« scalp »»
[14:37:38] <+esmall> watch 7.5
[14:38:10] <+eminigil> +7 part
[14:39:07] <+eminigil> +1.0 out
[14:39:15] <+esmall> nice test of .5
[14:39:38] <+AndyES> Exited Remainder TF Long @ 827.8 --> + 0.9 «« scalp »»
[14:40:00] <+eminigil> nice andy
[14:40:12] <+AndyES> thanks em
[14:40:28] <+AndyES> still might be another trade in here
[14:41:26] <+esmall> its tring for a higher ,low but not happening
[14:42:03] <+esmall> es lod
[14:42:51] <+elf2> the ppt gave up propping AAPL
[14:44:15] <+esmall> long .40
[14:47:41] <+AndyES> that is some crazy price action
[14:47:46] <+esmall> \out 7,7
[14:47:53] <+eminigil> auto sales
[14:48:14] <+esmall> 7.70 yea they sucked em in again
[14:48:45] <+esmall> they love to do that panic in panic out
[14:49:11] <+eminigil> run stops
[14:49:17] <+esmall> yep
[14:49:24] <+esmall> just below the LOD
[14:50:43] <@wrbtrader> Only thing I hate about a trend day is when I've reached my profit goals for the day very early in the morning...
[14:50:54] <+esmall> :-)
[14:51:53] <+eminigil> gj wrb
[14:53:04] <+eminigil> trying to make 2 days goals Holiday World with kids tommarrow
[14:55:48] <@wrbtrader> Just waiting for 3pm est to start so that I can begin trading again via my normal trading habits
[14:56:49] <+esmall> I was just thinks the same
[14:57:09] <+esmall> we in a brick range again
[15:03:45] <+Time4now> long medium 827.2
[15:04:06] <+eminigil> Long Emini TF @ 27.3 «« Scalp »»
[15:07:55] <+eminigil> +2 out
[15:09:07] <+Time4now> exit 826.5
[15:09:52] <+esmall> you guys should wait for abreak or break down
[15:10:34] <+esmall> sitting on my hands
[15:15:49] <+esmall> ran stops again emini
[15:19:58] <+eminigil> Long Emini TF @ 25.4 «« Scalp »»
[15:24:58] <+eminigil> stopped -10 don for day before I mess up good
[15:27:48] <+codehead> NQ hooking
[15:28:54] <+esmall> squeeze
[15:32:22] <+esmall> l 24.9
[15:32:25] <+esmall> long
[15:34:25] <+esmall> syop 25.5 pops 6 and run opps out
[15:36:42] <@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
[15:36:54] <+esmall> my swing target was 24 close enough
[15:37:09] <+esmall> would have been nice to hold
[15:39:44] <+esmall> every bounce was a good short 331 31.2 29.8 27.6
[15:42:52] * Time4now is now known as t4n_away
[15:49:22] <+elf2> spx below the lod 3 days ago
[15:51:34] <@wrbtrader> Volatility picked up dramatically going into the 4pm est rush hour traffic
[15:52:29] <+codehead>  Long NQ @ 2321.00 
[15:54:02] <+codehead>  Exited all NQ @ 2324.75 
[16:35:40] * t4n_away is now known as time4now
[17:03:42] <@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

-------------------------

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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.

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Commonly discussed trading instruments from futures, exchange traded funds and forex currencies:

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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.

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Best Regards,
M.A. Perry
Trader and Founder of WRB Analysis (wide range body/wide range bar analysis)
Price Action Trading (no technical indicators)
@ http://twitter.com/wrbtrader or http://stocktwits.com/wrbtrader

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