Login    Forum    Search    FAQ



Post new topic Reply to topic Bookmark and Share  [ 1 post ] 
Author Message
 Post subject: June 8th Wednesday - Futures, ETFs and Forex Currencies
 Post Posted: Wed Jun 08, 2011 9:06 pm 
Offline
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. Further, although our chat room is smaller than the other popular chat rooms...we are the most active chat room in posting trades or market commentaries involving futures, exchange traded funds or forex currencies in comparison to other free chat rooms.

#FuturesTrades is designed to be a trade journal for documentation purposes only so that members can have a real 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.

In addition, we welcome all traders with their own methods or different perspective of the markets to help keep the chat room diversified...posting trades or market commentaries. Also, if you're looking for real-time education in the chat room involving price action only trading (profitably trading without indicators)...you need to contact us to schedule price action only trading real-time discussions. We'll then have one on one (private) real-time price action only trading discussions with you while you're using #FuturesTrades real-time chat room to prevent distractions in the chat room with other members that are using different trading methods in comparison to us. However, you must first download and learn our free study guide at a different forum @ TSL Support Forum * http://www.thestrategylab.com/tsl/forum/viewforum.php?f=5

With that said, thanks for reading the trades or market commentaries that's below and we highly recommend you make reading of the logs a part of your trading routine because you will sometimes find useful trade information not discussed anywhere else online nor in any books if you're not interested in scheduling one on one (private) real-time price action only trading education discussions. To gain access to #FuturesTrades chat room...please follow the instructions @ FTCHAT Support Forum * http://www.thestrategylab.com/ftchat/forum/viewforum.php?f=5

Attachment:
060811-Key-Price-Action-Markets.png
060811-Key-Price-Action-Markets.png [ 522.83 KiB | Viewed 208 times ]

click on the above image to view today's price action of key markets

Session Start: Wed Jun 08 08:32:32 2011
Session Ident: #FuturesTrades
[08:32:32] * Now talking in #FuturesTrades
[08:32:32] <@X> [NihabaAshi] chat room archives @ viewforum.php?f=20
[08:37:52] <Sambeano> hey wrbtrader early
[08:39:16] <+Sambeano> how is wx up in the Q?
[08:42:36] <+Sambeano> Fortress Asset Management CEO interviewed Bloomberg
[08:42:49] <+Sambeano> http://phx.corporate-ir.net/staging/pho ... berg040711
[09:00:58] <Warbucks> gm everyone
[09:02:27] <+Sambeano> Hey LA!
[09:02:33] <+Sambeano> gm
[09:03:36] <+Sambeano> wl trade the TF today.... wl box with the TF that is....
[09:04:23] <+Warbucks> I see ES hit 1277 this morning
[09:04:44] <+Sambeano> sawa that..
[09:05:38] <+Sambeano> nw look for retracement?
[09:05:51] <+Warbucks> will it hold for a 50% retrace...?
[09:06:08] <+Warbucks> not sure yet
[09:06:40] <+Sambeano> ur out nw right? watching for the matks?
[09:07:07] <+Sambeano> marks?
[09:07:30] <+Sambeano> retrace levels?
[09:08:24] <+Warbucks> yes...
[09:08:48] <+Warbucks> need to see what the fib dr says... lol
[09:09:23] <+Sambeano> ES box 1281.75 - 1277.50
[09:09:38] <+Sambeano> local LA
[09:10:07] <+Sambeano> right!
[09:11:00] <+Sambeano> Honest John!
[09:11:13] <+Sambeano> gm John...
[09:11:27] <Hoff> Morning Sam
[09:11:52] <+Sambeano> gm sir!
[09:13:20] <@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
[09:22:18] <Warbucks> need to break 1293.25 for a retrace
[09:22:39] <+Warbucks> 1272 next target down
[09:25:17] <@wrbtrader> Good morning all
[09:25:45] <+Warbucks> GM Mark
[09:25:53] <+Sambeano> ahhh LA is back
[09:26:01] <+Sambeano> gm wrbtrader
[09:26:09] <+Warbucks> had to reboot
[09:26:28] <+Sambeano> sawau got bounced
[09:26:39] <Tigerman> good morning all
[09:26:47] <+Sambeano> anyway!
[09:26:55] <+Sambeano> 1272
[09:27:05] <+Warbucks> yep
[09:27:31] <+Sambeano> watching b boxng/tradng tf
[09:27:57] <@wrbtrader> Negative economic info out of Europe (Germany and France) along with a weaker Euro.
[09:28:11] <pat255> gm all
[09:28:17] <+Sambeano> w lng 974.6
[09:28:18] <+pat255> @office again
[09:28:32] <@wrbtrader> In addition, World Bank has cut its economic forecast for 2011
[09:28:39] <+Sambeano> I mran 794.6
[09:28:51] <+Sambeano> mean
[09:29:14] <+Sambeano> shrt 792.4
[09:29:22] <+Sambeano> bracket
[09:29:54] <@wrbtrader> Oil CL futures still in a volatility spike with prices going higher for the past 25 mins or so
[09:30:01] <+Sambeano> current box my eye
[09:30:38] <+Sambeano> nw lng TF 794.6 1pt stp
[09:31:57] <Trendtrader> Shorts TF @ 794.5 «« simulator »»
[09:32:24] <@wrbtrader> Shorts Emini TF @ 794.40 -> large size
[09:32:41] <+Trendtrader> Covered 1/2 TF Short @ 793.5 --> + 1 «« simulator »»
[09:32:43] <@wrbtrader> 6 contracts
[09:32:50] <+Sambeano> stppd rev
[09:33:04] <+Trendtrader> exit stop moved to breakeven TF @ 794.4 «« simulator »»
[09:33:12] <+Sambeano> 793.6
[09:33:39] <+Tigerman> Shorts TF @ 793.9 «« simulator »»
[09:33:54] <+Tigerman> delay entry
[09:34:26] <+Tigerman> spend too much time in swicth charts...
[09:34:34] <@wrbtrader> Shorts Emini TF @ 793.50 -> Add
[09:35:38] <@wrbtrader> 3 contracts
[09:35:47] <@wrbtrader> trailing @ profit
[09:35:50] <@wrbtrader> it's moving fast
[09:35:52] <+Tigerman> Covered 1/2 TF Short @ 793 --> + 0.9 «« simulator »»
[09:36:01] <+Tigerman> yes fast
[09:36:23] <+Trendtrader> Covered Remainder TF Short @ 793.5 --> + 1 «« simulator »»
[09:36:25] <+Sambeano> out 794.6 +1
[09:36:27] <@wrbtrader> Covered 1/3 Emini TF Short @ 792.80 --> + 0.7
[09:36:36] <+Tigerman> Covered Remainder TF Short @ 793.8 --> + 0.1 «« simulator »»
[09:37:01] <@wrbtrader> Covered Remainder Emini TF Short @ 794.00 --> + 0.4
[09:37:30] <+Sambeano> recalibrate!
[09:37:33] <@wrbtrader> that's an error but won't bother reposting a correction
[09:37:57] <+Sambeano> vy fast mvng
[09:39:15] <+Sambeano> nw lng 794.8
[09:39:32] <+Sambeano> yeeeee haaaaaa!
[09:39:49] <+Sambeano> wild!
[09:40:33] <+Warbucks> nice Sambeano!
[09:40:35] <+Sambeano> out 796.0 +1.2
[09:40:40] <@wrbtrader> Just like a rodeo :)
[09:40:50] <@wrbtrader> hold on tight
[09:41:10] <+Sambeano> yeah but nu huevos!
[09:41:17] <+Sambeano> no
[09:43:07] <@wrbtrader> Oil CL futures volatility impressive too
[09:43:34] <+Tigerman> Shorts TF @ 796.1 «« simulator »»
[09:43:54] <+Trendtrader> Shorts TF @ 795.8 «« simulator »»
[09:44:21] <+Tigerman> Covered 1/2 TF Short @ 795.4 --> + 0.7 «« simulator »»
[09:44:44] <+Trendtrader> Covered 1/2 TF Short @ 794.7 --> + 1.1 «« simulator »»
[09:45:54] <+Tigerman> Covered Remainder TF Short @ 793.7 --> + 2.4 «« simulator »»
[09:46:15] <+Trendtrader> vn tiger
[09:46:33] <@wrbtrader> Geesh...Emini TF still bucking
[09:46:59] <+Tigerman> thanks trendtrader
[09:47:03] <@wrbtrader> reminds me of the old ER2 back in the old days :)
[09:47:37] <+Tigerman> so wrbtrader was a lot volatility right?
[09:48:23] <+Sambeano> shrt TF 793
[09:48:57] <@wrbtrader> Yes...so far...but if it keeps retracing...the range is going to tighten up FAST
[09:49:00] <+Sambeano> anticipated the box
[09:49:44] <+Sambeano> stp 793.0
[09:50:11] <+Sambeano> don't want to pay for this
[09:50:18] <+Sambeano> out
[09:50:24] <Trend> Covered Remainder TF Short @ 793.5 --> + 2.3 «« simulator »»
[09:52:10] <+Sambeano> shrt 792.5
[09:52:15] <+Tigerman> price contracting now
[09:52:40] <+Sambeano> stp 793.7
[09:52:54] <+Tigerman> support can hold
[09:53:47] <+Sambeano> yep, I'm the contra
[09:54:37] <+Sambeano> out 791.8 +.7
[09:54:47] <+Sambeano> just a bite
[09:55:28] <+Tigerman> fight here
[09:56:16] <+Sambeano> 790.9?
[09:56:25] <+Sambeano> ok
[09:56:30] <+Sambeano> wow
[09:58:24] <@wrbtrader> Shorts Emini TF @ 790.90 -> medium size
[09:58:24] <+Tigerman> Shorts TF @ 790.6 «« simulator »»
[09:58:30] <@wrbtrader> support failure
[09:58:41] <+Tigerman> risky here
[09:58:59] <+Sambeano> yeah support
[09:59:30] <@wrbtrader> Sad...they had to run it up prior to letting it drop...makes those original short positions I had "pick pocketed".
[09:59:54] <+Tigerman> yes same me
[10:00:48] <+Tigerman> Covered all TF Short @ 791.1 --> - 0.5 «« simulator »»
[10:00:53] <@wrbtrader> Covered all Emini TF Short @ 791.30 --> - 0.4
[10:02:27] <+Tigerman> Long TF @ 792.2 «« simulator »»
[10:02:40] <+Tigerman> just intuition
[10:03:19] <+Tigerman> Exited 1/2 TF Long @ 792.8 --> + 0.6 «« simulator »»
[10:04:10] <+Tigerman> Exited Remainder TF Long @ 793.2 --> + 1 «« simulator »»
[10:05:26] <+Sambeano> nw lng 793.8
[10:05:46] <+Sambeano> 1 pt stp
[10:06:00] <+Sambeano> protect
[10:09:03] <+Sambeano> out 794.5 +.7
[10:09:18] <+Warbucks> wtg Sam
[10:09:32] <+Sambeano> a bite!
[10:09:56] <+Tigerman> Shorts TF @ 793.6 «« simulator »»
[10:10:17] <+Tigerman> hope a down spike soon
[10:11:05] <+Warbucks> either straight up or straight down this morning!
[10:12:03] <+Tigerman> c mon have to go down :)
[10:13:31] <+Tigerman> Covered all TF Short @ 794.2 --> - 0.6 «« simulator »»
[10:13:39] <+Warbucks> pushing on pivot now
[10:14:19] <+Sambeano> LA see the box I scalped 10:51 - 10:06 est?
[10:14:39] <+Sambeano> really lagging
[10:14:50] <+Sambeano> out of that box
[10:15:27] <+Sambeano> but movng up
[10:15:34] <+Warbucks> I saw tha Sam
[10:16:06] <+Sambeano> luks lke strng bottom
[10:16:11] <+Warbucks> just now figuring out it doesnt have to be a current box to take the trade
[10:16:43] <+Sambeano> all sorts of ways to skin it
[10:17:07] <+Sambeano> look at varios time frames
[10:17:14] <+Tigerman> look for a short
[10:17:21] <+Sambeano> ya know?
[10:18:08] <+Tigerman> Shorts TF @ 794.5 «« simulator »»
[10:18:23] <+Warbucks> almost took long at break of pivot
[10:18:39] <+Warbucks> glad I didnt
[10:18:57] <+Sambeano> Current box 793.2 shrt
[10:19:05] <+Warbucks> Tiger called this one
[10:19:08] <+Sambeano> 795.5 lng
[10:19:50] <+Sambeano> of coarse the box is 1 increment above and below LA
[10:20:02] <+Tigerman> Covered 1/2 TF Short @ 794 --> + 0.5 «« simulator »»
[10:20:41] <+Warbucks> gonna take the break of current box
[10:20:47] <+Sambeano> no
[10:20:57] <+Sambeano> wl wait till 11 am
[10:21:56] <+Sambeano> prob mistake but lately indecision here so wl wait
[10:22:04] <+Sambeano> watch
[10:22:49] <+Sambeano> actually prob should just trade boxes and let things do what they do
[10:23:28] <+Tigerman> Covered Remainder TF Short @ 793 --> + 1.5 «« simulator »»
[10:23:56] <+Tigerman> lost patience ... scared spike up ruin my profit
[10:24:48] <+Tigerman> of course after leave the boat price continue falling.. :)
[10:28:26] <+Sambeano> LA as you can see.... should have just traded the box....aaahem....oh welll, c'est la vie!
[10:32:26] <+Tigerman> Shorts TF @ 792.7 «« simulator »»
[10:32:43] <+Tigerman> woh spike down
[10:34:10] <@wrbtrader> Shorts Emini TF @ 791.90 -> medium size
[10:34:10] <+Tigerman> Covered 1/2 TF Short @ 791.5 --> + 1.2 «« simulator »»
[10:34:19] <@wrbtrader> 4 contracts
[10:35:04] <+Tigerman> Covered Remainder TF Short @ 792 --> + 0.7 «« simulator »»
[10:36:49] <+Warbucks> vn Tiger
[10:37:10] <+Tigerman> thanks warbucks
[10:39:44] <@wrbtrader> Shorts Emini TF @ 792.40 -> Add
[10:39:53] <@wrbtrader> 2 contracts
[10:42:22] <@wrbtrader> Covered all Emini TF Short @ 792.90 --> - 1.5
[10:43:20] <@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
[10:44:17] <@wrbtrader> Shorts Emini TF @ 793.00 -> medium size
[10:44:46] <@wrbtrader> intuition
[10:45:36] <@wrbtrader> Covered all Emini TF Short @ 793.40 --> - 0.4
[10:46:05] <+Sambeano> lng 794
[10:47:15] <+Sambeano> out 794.3
[10:47:40] <+Hoff> wtg
[10:47:51] <+Warbucks> I have TF target at 798.1
[10:47:57] <+Sambeano> tnx
[10:48:45] <@wrbtrader> Long Emini TF @ 794.60 -> medium size
[10:48:55] <@wrbtrader> 4 contrast
[10:49:02] <@wrbtrader> resistance failure
[10:50:09] <+Sambeano> wl lng print 795.6
[10:50:49] <@wrbtrader> Exited all Emini TF Long @ 795.00 --> + 0.4
[10:51:53] <+Tigerman> Shorts TF @ 794.6 «« simulator »»
[10:52:48] <@wrbtrader> Was looking for this to go higher into the 796 area...wasn't meant to be :(
[10:54:25] <+Tigerman> Covered 1/2 TF Short @ 794.3 --> + 0.3 «« simulator »»
[10:54:32] <+Sambeano> nw box 794.1 795.5
[10:55:32] <+Tigerman> Covered Remainder TF Short @ 794.3 --> + 0.3 «« simulator »»
[10:55:42] <+Sambeano> won't shrt here though.....
[10:55:46] <+Warbucks> yep... need to get through 795.6 to go higher
[10:56:39] <+Tigerman> why price continue in my direction after I exit ?? :(
[10:57:29] <+Tigerman> the luxury of use some more contract maybe can help here
[10:57:30] <@wrbtrader> Shorts Emini TF @ 793.50 -> small size
[10:57:34] <@wrbtrader> 3 contracts
[11:00:16] <+Sambeano> Lookin at box 791.3 - 795.5, we linger in upper part of the box
[11:00:44] <+Sambeano> don't us heading dwn so far, afraid shrts here!
[11:00:48] <@wrbtrader> Covered all Emini TF Short @ 793.90 --> - 0.4
[11:01:26] <+Tigerman> I exit see all next time
[11:02:06] <@wrbtrader> Long Emini TF @ 794.70 -> medium size
[11:02:17] <@wrbtrader> same long as a prior Long
[11:02:26] <@wrbtrader> 4 contracts
[11:02:28] <+Sambeano> lng 795.6
[11:02:36] <+Sambeano> 1 pt
[11:02:41] <+Sambeano> stp
[11:03:41] <Time4now> long small 795
[11:03:53] <@wrbtrader> these retracements after entry has been a pain all day so far :(
[11:04:21] <+Sambeano> yep
[11:04:22] <@wrbtrader> for a brief few seconds it looks like it can run in your favor...wham...retracement :(
[11:04:49] <+Sambeano> out 795.8 +.2
[11:05:13] <@wrbtrader> If I can catch one runner...I may just call it quits after that...tough trading today so far.
[11:05:27] <+Warbucks> took it at 795.6 as well
[11:05:39] <+Warbucks> gonna try to hold on :)
[11:05:50] <+Sambeano> I know I holding on too tight!!
[11:06:07] <+Sambeano> gud LA!
[11:08:50] <+Sambeano> LA stp 794.8?
[11:09:42] <+Time4now> exit 795.2
[11:10:16] <@wrbtrader> Exited all Emini TF Long @ 795.10 --> + 0.4
[11:10:19] <@wrbtrader> avg
[11:10:36] <+Sambeano> whipsaw!
[11:11:51] <+Warbucks> stopped out :(
[11:12:30] <+Sambeano> nw shrt 793.1
[11:12:53] <@wrbtrader> geeesh
[11:13:24] <@wrbtrader> unbelievable price actio so far especially with this big volatility spike that took prices back down...
[11:13:28] <+Sambeano> out 792.6 + .5
[11:13:33] <@wrbtrader> Bull Riding today
[11:13:45] <+Sambeano> yeeeeehaaaaaa!
[11:13:57] <+Warbucks> no kidding!
[11:14:13] <+Warbucks> nice Sam
[11:14:15] <+Sambeano> aswe say here in Tejas!
[11:14:43] <+Warbucks> is that Texas in Spanish :)
[11:14:49] <+Sambeano> yep
[11:15:30] <+Warbucks> broke through 3 boxes in about 3 min Sam!
[11:16:07] <+Sambeano> Rumour spreadin' a-'round in that Texas town
[11:16:21] <+Sambeano> 'bout that shack outside La Grange
[11:16:35] <+Sambeano> you know what I'm talkin' about.
[11:17:01] <+Sambeano> Just let me know if you wanna go
[11:17:15] <+Sambeano> To that home out on the range.
[11:17:26] <+Sambeano> They gotta lotta nice girls ah.
[11:17:44] <+Sambeano> Have mercy.!
[11:19:41] <+Sambeano> I saw that LA
[11:20:38] <+Sambeano> wl shrt print 791.6
[11:22:30] <+Warbucks> might have to take you up on that offer :)
[11:22:38] <+Sambeano> :)
[11:22:46] <+Sambeano> Hah!
[11:22:56] <+Sambeano> ZZ Top!
[11:25:46] <+Warbucks> my gf fav
[11:27:03] <+Sambeano> shrt 791.6
[11:27:48] <+Sambeano> 1 pt stp
[11:27:51] <@wrbtrader> Shorts Emini TF @ 792.00 -> medium size
[11:28:08] <@wrbtrader> correction
[11:28:18] <@wrbtrader> Shorts Emini TF @ 792.00 -> small size
[11:28:22] <@wrbtrader> 3 contracts
[11:29:00] <+Sambeano> out 791.1 +.5
[11:29:22] <+Warbucks> yeehaw
[11:29:30] <+Sambeano> :)
[11:30:42] <+Sambeano> watch 790.2?
[11:32:03] <@wrbtrader> :(
[11:32:22] <@wrbtrader> Covered all Emini TF Short @ 791.90 --> + 0.1
[11:32:44] <+Sambeano> saw ZZ Top at Sports Arena in San Diego 1976, loudest show I've ever seen....little 'ole band from Texas indeed....
[11:33:51] <+Sambeano> j' dated myself!!
[11:34:03] <+Warbucks> went long at 791.5 based on indicators
[11:34:13] <+Sambeano> reelin in the years
[11:34:13] <AndyES> long UWM at 43.30
[11:34:23] <+Hoff> did you have a good time on that date :)
[11:34:37] <+Sambeano> duh!!
[11:34:45] <+Sambeano> it was awesome
[11:34:50] <+Hoff> lol
[11:34:56] <+Sambeano> I was exhausted after
[11:34:59] <+Warbucks> out at 793
[11:35:02] <+Sambeano> just awesome
[11:35:26] <+Sambeano> nice LA!
[11:35:40] <+Sambeano> v Nice
[11:36:36] <+Warbucks> 793 was top of channel
[11:37:05] <+Hoff> wtg
[11:37:10] <+Sambeano> John, back in the day, saw everybody there
[11:37:18] <+Sambeano> lousy acoustics
[11:37:26] <+Sambeano> but didn't matter
[11:37:28] <+Warbucks> looking to see if it breaks out of last box
[11:37:34] <+Sambeano> atmosphere!!
[11:37:48] <+Warbucks> saw Led Zepplin in 77 at the Kingdome
[11:38:01] <+Warbucks> now that was a concert!
[11:38:01] <+Sambeano> 793.1 - 790.6
[11:38:40] <+Sambeano> Zep was always a pleasure those days!
[11:38:48] <+Warbucks> guess that dates me... lol
[11:39:03] <+Warbucks> since they are both gone now
[11:39:07] <+Sambeano> Saw them in SD and Anaheim
[11:40:49] <+Sambeano> 790.6 then 790.2 then......
[11:41:28] <+AndyES> Long TF @ 791.6 «« scalp »»
[11:41:36] <+Sambeano> here in Austin we have "Austin City Limits" seen on PBS
[11:41:58] <+Sambeano> produces lot's of shows here
[11:42:10] <+Sambeano> sort of a magnet for big acts
[11:42:22] <+Sambeano> to relatively small venue
[11:42:31] <+Warbucks> isnt DELL in Austin?
[11:42:33] <+AndyES> Exited 2/3 TF Long @ 792.3 --> + 0.7 «« scalp »»
[11:42:44] <+Warbucks> nice Andy
[11:43:06] <+Sambeano> office here abt 1/2 mile from Dell complex
[11:43:18] <+AndyES> thanks Warbucks
[11:43:26] <+Sambeano> Michael has big spread around hr
[11:43:46] <+Warbucks> I speant my last 2 yrs with HP in lovely El Paso aka Juarez
[11:44:09] <+Sambeano> hehehehe
[11:44:32] <+Warbucks> yep
[11:44:42] <+Sambeano> lot's of Mex money has moved to El Paso due to drug war
[11:44:54] <+Sambeano> 793.2
[11:45:01] <+Sambeano> waiting
[11:45:07] <+Warbucks> taght the chinese how to build computers down there
[11:45:22] <+Warbucks> then got the boot
[11:45:27] <+AndyES> Exited TF Long @ 792.9 --> + 1.3 «« scalp »»
[11:45:30] <+Sambeano> :)
[11:46:24] <+Sambeano> no fill
[11:46:38] <+Sambeano> nw lng 793.2
[11:47:11] <+Sambeano> hate this
[11:47:27] <+Sambeano> no punch thru the box
[11:47:51] <+Sambeano> 1 pt stp
[11:48:30] <+Sambeano> out 792.2 -1
[11:49:16] <+Sambeano> whipsaw
[11:52:37] <+Sambeano> my price of admission to the midday doldrums....almost noon in the East
[11:52:42] <+Warbucks> Goldman trying to build a base at 133
[11:53:32] <+Warbucks> ok lets see if she can punch through this time
[11:53:43] <+Sambeano> I think New York AG is going to extract a pound of flesh from Goldman
[11:54:29] <+AndyES> exit 3/4 UWM at 43.44 + .14
[11:54:56] <+Warbucks> lets kill the golden goose... makes sense
[11:55:19] <+Sambeano> They won't kill it
[11:55:32] <+Sambeano> it's all for show anyway
[11:56:04] <+Sambeano> but could affect Goldman price action
[11:56:14] <+Sambeano> from time to time
[11:56:46] <+Sambeano> there's the punch
[11:56:55] <+AndyES> Exited Remainder TF Long @ 794.2 --> + 2.6 «« scalp »»
[11:57:19] <+Warbucks> Goldman trying to break out of base
[11:58:06] <+Warbucks> wtg Andy
[11:58:22] <+Warbucks> so much for the doldrums
[11:58:28] <+AndyES> :) thanks Warbucks; still holding 1/4 position UWM
[11:58:37] <+Sambeano> hehe
[11:59:51] <+Sambeano> at 11:55 TF resolved nice box up frm 10:30
[12:01:29] <+Warbucks> can TF break up away from 794.6 pivot?
[12:01:52] <+Warbucks> this is 4th try
[12:02:45] <+Sambeano> The next bigger box is 796.4 - 790.7
[12:02:52] <werner> hi all
[12:03:22] <+Warbucks> quite a range
[12:03:39] <+Warbucks> hey werner
[12:04:06] <+werner> hi warbucks
[12:04:10] <+Sambeano> LA look at the box frm the open
[12:04:26] <+Sambeano> overall today is sideways mv
[12:04:44] <+Warbucks> I saw it as soon as you called it
[12:05:09] <+Warbucks> what a ride today
[12:05:09] <+Sambeano> The big box I mentioned is inside the box fm open
[12:06:35] <+Sambeano> so can we get above 794.6? Probably multiple times, ...hehe
[12:06:53] <+Warbucks> its a battle today
[12:06:58] <+Sambeano> wl we break todays rng?
[12:07:01] <+Sambeano> yes
[12:07:14] <+Sambeano> only which way?
[12:07:31] <+Warbucks> of course I want to see break out of 798.4
[12:07:46] <+Time4now> long small 793.8
[12:07:48] <+Warbucks> so we can get 50% retrace
[12:07:48] <+Sambeano> not hand to hand but definitely house to house
[12:08:26] <+Warbucks> from daily chart
[12:08:48] <+AndyES> stop on remainder of UWM 43.23 (-.05)
[12:09:23] <+Warbucks> Goldman broke out of base
[12:09:52] <+Sambeano> LA 798.4 then 799 then?
[12:10:40] <+Warbucks> well... need to calculate... still looking for 1315 retrace on ES
[12:10:44] <+Time4now> exit 794.2
[12:11:24] <+Sambeano> also see 802 as hurdle for TF
[12:11:30] <+Warbucks> but ES needs to break above 92.75 for that
[12:12:11] <+Warbucks> not sure if we are gonna get 92.75 today
[12:13:10] <+Warbucks> I would say not at this point
[12:13:21] <@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
[12:16:39] <+Warbucks> looks like 821 would be the TF target Sam
[12:16:40] <+Sambeano> hourly chart ES says we're breaking dwn the recent mv, as in not retracing where wd expect
[12:17:07] <+Sambeano> But were sideways today too
[12:17:12] <+Sambeano> sooooooo
[12:24:51] <+Sambeano> of the smaller boxes on the hourly chart I see 804, 810(remember), 825 and 852
[12:25:33] <+Sambeano> but one the daily next bigger box 802
[12:28:27] <+Sambeano> in my box eye there was a lot of blood and material expended between 802 and 852 and back through 802 again
[12:29:36] <+Sambeano> this week we've labored under 802
[12:56:22] <+werner> Long NQ @ 2261.75
[12:59:53] <+werner> Exited all NQ Long @ 2263.25 --> + 1.5
[13:05:58] <+werner> Long NQ @ 2263.75
[13:07:05] <+Sambeano> of course todays price action is overall sideways and also the "weight" of it is toward the bottom half
[13:07:31] <+Sambeano> this should be apparent in the DOM
[13:08:09] <+Sambeano> mine looks that way even though I question if it's wrkng LOL
[13:08:50] <+werner> Exited all NQ Long @ 2263.50 --> - 0.25
[13:09:00] <+Sambeano> but the chart appears weighted down and other things confirm, regression etc
[13:10:00] <+Sambeano> of TF I speak
[13:27:04] <@wrbtrader> Shorts Emini TF @ 792.10 -> small size
[13:27:13] <elf2> the biege book at 2pm est will make it all ok
[13:27:42] <@wrbtrader> 3 contracts
[13:27:47] <@wrbtrader> intuition
[13:34:13] <@wrbtrader> @ WRBpt1
[13:34:17] <@wrbtrader> trailing @ profit
[13:34:28] <@wrbtrader> hopefully it develops into a runner
[13:35:24] <+Sambeano> shrt 791.0
[13:35:38] <+AndyES> vn wrb
[13:36:09] <+Sambeano> thru low of day
[13:36:28] <@wrbtrader> Covered 2/3 Emini TF Short @ 789.40 --> + 2.7
[13:36:46] <@wrbtrader> @ WRBpt2
[13:36:55] <+Sambeano> out 789.6 +1.4
[13:40:21] <@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
[13:43:23] <@wrbtrader> Covered Remainder Emini TF Short @ 788.80 --> + 3.3
[13:43:48] <+Time4now> nice job
[13:48:05] <@wrbtrader> We usually get a few tough trading days like this (lots of pin ball machine like price actions) a few times per month...
[13:49:19] <@wrbtrader> It's frustrating but it usually doesn't last all day.
[13:51:00] <@wrbtrader> Its frustrating but out of the gate it seems like its going to be an "explosive" trading day with the expanding volatility.
[13:51:26] <@wrbtrader> Suddenly it starts to retrace...retracing all volatility spikes...back n forth.
[13:51:50] <@wrbtrader> Then the range slowly begins tightning up to add to the frustration.
[13:52:39] <@wrbtrader> Then it finds a new direction out of the range.
[13:53:23] <@wrbtrader> Hopefully the pending 2pm est FED Beige Book can keep this price action from "retracing" back upwards into the prior area of pin ball machine price action.
[13:54:09] <@wrbtrader> Anyone notice how the OPEC meeting sent Oil CL futures back above 100.00 level
[13:54:12] <@wrbtrader> ?
[13:54:56] <+elf2> ndx edging into the 2222 - 2250 gap
[13:55:45] <+Sambeano> beige book prob support dwn mv
[13:56:09] <+Sambeano> don't expect good news
[13:56:50] <+werner> http://www.marketwatch.com/story/oil-fu ... MW_popular
[14:17:42] <@wrbtrader> Long Emini TF @ 789.50 -> small size
[14:17:48] <@wrbtrader> 1 contract
[14:19:22] <+werner> Long NQ @ 2251.25
[14:19:58] <@wrbtrader> Exited Emini TF Long @ 789.00 --> - 0.5
[14:20:55] <+werner> Exited all NQ Long @ 2250.25 --> - 1
[14:21:49] <@wrbtrader> a few more ticks = support failure
[14:22:11] <+werner> yep
[14:22:18] <@wrbtrader> Shorts Emini TF @ 787.80 -> small size
[14:22:33] <@wrbtrader> 2 contracts
[14:22:40] <@wrbtrader> support failure
[14:23:16] <+AndyES> Long TF @ 787.4 «« scalp »»
[14:24:23] <+AndyES> Exited 2/3 TF Long @ 787.9 --> + 0.5 «« scalp »»
[14:24:27] <@wrbtrader> This type of volatility spike has consolidated all day for at least 5 mins after the spike completes
[14:26:33] <+werner> Long NQ @ 2252.00
[14:26:39] <+AndyES> Exited TF Long @ 788.1 --> + 0.7 «« scalp »»
[14:26:56] <@wrbtrader> Covered all Emini TF Short @ 788.10 --> - 0.3
[14:27:04] <+AndyES> Exited Remainder TF Long @ 788.0 --> + 0.6 «« scalp »»
[14:27:16] <+AndyES> has a chance of a bigger bounce here
[14:28:08] <@wrbtrader> Shorts Emini TF @ 787.80 -> small size
[14:28:14] <@wrbtrader> 2 contracts
[14:28:28] <@wrbtrader> same trade
[14:28:33] <@wrbtrader> intuition now
[14:28:53] <+werner> Exited all NQ Long @ 2250.75 --> - 1.25
[14:29:04] <+werner> mes
[14:29:45] <+werner> Long NQ @ 2252.75
[14:29:54] <@wrbtrader> consolidation :(
[14:30:56] <+werner> :(
[14:32:46] <@wrbtrader> Covered all Emini TF Short @ 788.80 --> - 1
[14:33:13] <@wrbtrader> volatility spike retraced
[14:33:32] <+werner> Exited all NQ Long @ 2255.00 --> + 2.25
[14:34:51] <+werner> Long NQ @ 2255.50
[14:35:28] <@wrbtrader> Long Emini TF @ 791.00 -> medium size
[14:35:32] <+werner> Exited all NQ Long @ 2258.50 --> + 3
[14:35:33] <@wrbtrader> 4 contracts
[14:36:08] <@wrbtrader> volatility spike...it's trying to go back into that prior "pin ball machine" price area
[14:40:28] <@wrbtrader> Here we go again :(
[14:41:37] <@wrbtrader> Exited all Emini TF Long @ 791.30 --> + 0.3
[15:10:22] <@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
[15:43:06] <+werner> Long NQ @ 2251.00
[15:45:33] <+werner> Exited all NQ Long @ 2254.50 --> + 3.5
[15:50:54] <@wrbtrader> Long Emini TF @ 788.30 -> small size
[15:52:09] <+werner> Long NQ @ 2254.75
[15:53:09] <+werner> Exited all NQ Long @ 2254.25 --> - 0.5
[15:57:51] <@wrbtrader> Exited all Emini TF Long @ 788.50 --> + 0.2
[15:57:59] <@wrbtrader> :(
[15:58:15] <@wrbtrader> not worth the effort
[16:05:49] <+werner> gn all
[16:40:22] <@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
[16:47:12] <Time4now> So long everyone
[16:47:20] <+Time4now> i'm going on vacation
[17:20:09] <+AndyES> gn all
Session Close: Wed Jun 08 18:09:29 2011

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

#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=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 because sometimes the answers contains useful trading tips.

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:

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 UsdCad

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, Brent Crude Oil BRN, e-miNY QM and Natural Gas NG

Image COMEX Metal Futures Gold GC, mini-Gold YG, Copper HG and Silver SI

Image S&P CNX NIFTY Futures

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 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
Trader and Founder of WRB Analysis (wide range body/wide range bar analysis)
Price Action Trading (no technical indicators)
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


Top 
 Profile E-mail  
 
Display posts from previous:  Sort by  
 
Post new topic Reply to topic Bookmark and Share  [ 1 post ] 


Who is online

Users browsing this forum: No registered users and 2 guests

 
 

 
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
cron
Translated by Xaphos © 2007, 2008, 2009 phpBB.fr