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 Post subject: June 14th Tuesday - Futures, ETFs and Forex Currencies
 Post Posted: Wed Jun 15, 2011 10:06 pm 
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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

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Attachment:
061411-Key-Price-Action-Markets.png
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click on the above image to view today's price action of key markets

Session Start: Tue Jun 14 08:24:01 2011
Session Ident: #FuturesTrades
[08:24:01] * Now talking in #FuturesTrades
[08:24:01] <@X> [NihabaAshi] chat room archives @ viewforum.php?f=20
[08:44:10] <+Sambeano> big jump from 8:30 ppi, retail sales????
[08:45:15] <+Sambeano> sales fell?? the is good news?/
[08:47:54] <+Sambeano> US stock index futures rose on Tuesday after economic data out of China drew investors into an equities market that had become oversold from a technical perspective after six weeks of sharp declines.
[08:48:44] <+Sambeano> http://www.reuters.com/article/2011/06/ ... 2020110614
[08:51:47] <+Sambeano> "The real focus will be on the fact that the market is in a technical correction and we have options expiration this week, so any rallies might continue to be short-lived."
[08:57:54] <Sambeano> http://www.businessweek.com/ap/financia ... R1NKG1.htm
[09:05:19] <+Sambeano> hourly TF boxes tell me that ~786 is tpo of bottom could launch up move
[09:06:08] <+Sambeano> since 5/31 down move started this strongest bottom ind so far
[09:06:56] <+Sambeano> ~786 is top of bottom box structure.....
[09:08:56] <+Sambeano> LA!
[09:09:30] <+Sambeano> buenos dias....
[09:10:54] <@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
[09:15:41] <+Sambeano> 786 gas been challenged 3 days in a row
[09:15:50] <+Sambeano> 786 has
[09:16:34] <+Sambeano> since 5/31 this is the most support......
[09:16:54] <+Sambeano> clould be local bottom
[09:17:21] <+Sambeano> can't type this am.....
[09:22:06] <+Sambeano> note that the other three eminis have broken their boxes to the upside
[09:22:57] <+Sambeano> but they,ve done it before since 5/31 then failed
[09:26:17] <Warbucks> hey Sambeano!
[09:26:29] <+Sambeano> there u are!
[09:26:40] <+Sambeano> gm LA!
[09:27:02] <+Warbucks> good morning Sam
[09:27:42] <+Warbucks> looks like market liked the news this morning
[09:27:56] <+Sambeano> yes
[09:28:22] <+Sambeano> pundits say it new frm China
[09:28:56] <Trendtrader> gm all
[09:28:59] <+Sambeano> China industrial growth over 13% this last year
[09:29:08] <+Sambeano> that is huge
[09:29:17] <+Sambeano> gm Trend
[09:29:37] <+Warbucks> no kidding... how did they get better at capitilism than the US?
[09:30:29] <+Sambeano> big population, cheap labor, lax polution regs, technology.....
[09:30:36] <+Trendtrader> Long TF @ 781 «« simulator »»
[09:30:53] <+Sambeano> box ES today
[09:31:15] <+Trendtrader> Exited 1/2 TF Long @ 782 --> + 1 «« simulator »»
[09:31:38] <+Warbucks> see a nice premarket box on TF
[09:31:45] <+Sambeano> nice Trend! agressive
[09:31:52] <+Warbucks> wtg Trend!
[09:31:59] <+Sambeano> yep
[09:32:47] <+Sambeano> 783.4 wud lng
[09:33:10] <+Sambeano> shrts below 779.7
[09:33:46] <+Sambeano> ES w lng 1280.75
[09:34:22] <+Sambeano> ES w shrt below 1277.5 u know the drill LA
[09:35:13] <+Sambeano> I meant above 783.4 of course
[09:35:30] <+Sambeano> you can see the box....
[09:36:29] <+Trendtrader> Exited Remainder TF Long @ 782.3 --> + 1.3 «« simulator »»
[09:36:31] <+Warbucks> I see it
[09:38:00] <+Sambeano> shoot staying inside? wants to do the range? or down?
[09:38:33] <+Sambeano> there!
[09:38:41] <elf2> lets get a hi'er hi to short
[09:39:02] <+Sambeano> elf a contrarian!
[09:39:33] <+Sambeano> up has no legs!
[09:42:32] <+elf2> indu trying for hi'er hi
[09:42:46] <+Sambeano> yeeeeehaaaaa!!
[09:44:24] <+elf2> i'd like to see the spx try for 1288.60
[09:44:24] <+Warbucks> TF new hi's
[09:45:06] <+Sambeano> breaking out of the hourly bottom
[09:45:19] <+Sambeano> but is it real?
[09:45:30] <+Sambeano> will it sustain?
[09:45:58] <+Sambeano> ES almost lng signal
[09:46:09] <+Sambeano> now
[09:46:22] <+Sambeano> NQ almost
[09:46:42] <+Warbucks> TF ripping
[09:46:43] <+Sambeano> YM already broke out
[09:47:20] <+Sambeano> TF appears to be leading this
[09:47:32] <+Warbucks> yep
[09:48:16] * foxx ----[ shorts GC @ 1515.5 ]----
[09:50:50] <+Warbucks> Goldman new hi's
[09:50:58] <+Sambeano> luk at NQ
[09:52:01] <+Warbucks> COMP is up over 1%
[09:52:14] <+Warbucks> BANK up 1%
[09:52:24] <+elf2> gonna slide down here a teeny bit
[09:52:40] <+Warbucks> we will get a gap and go?
[09:52:57] <+Warbucks> will we... lol... I have no clue
[09:53:13] <+Sambeano> TF well above 782 hourly box, unprecedented since 5/31
[09:53:27] <+Sambeano> gud juju
[09:53:34] <+Warbucks> feels like TF will go up from here
[09:53:45] <+Sambeano> feels like
[09:53:54] <+elf2> need a tick spike to +1100
[09:54:31] <+Sambeano> 3 pts above box last three days TF
[09:54:58] <+Sambeano> no 3 day box since 5/31
[09:55:12] <+Sambeano> no break since 5/31
[09:55:17] <+Sambeano> till nw
[09:56:03] <+Warbucks> reminded me to bring up my tick charts
[09:56:23] <+Sambeano> vy strng up nw
[09:57:26] <+Warbucks> Goldman pushin 139 and the next pivot
[09:57:53] <+elf2> rut hit the hi fromfri, spx not yet
[09:58:38] <+elf2> ndx lagging also
[09:59:28] <+elf2> bus inventories report at 10
[10:00:31] <@wrbtrader> Good morning all
[10:00:48] <+Warbucks> gm Mark
[10:00:57] * +foxx ----[ covers NQ @ 2242.75 ]----
[10:01:02] <+Sambeano> gm wrbtrader!
[10:01:27] <@wrbtrader> I'm still taking it easy today in trading due to the USUAL strange price action the "week after rollover".
[10:01:52] <@wrbtrader> It's been this way since the birth of the Emini futures...I don't expect it to change :)
[10:02:33] <@wrbtrader> Simply, trade with caution if you need to trade but don't complain because this is a "normal tendency" the week after rollover.
[10:02:38] <+Sambeano> yesterday was nice
[10:03:40] <+Warbucks> new break on TF
[10:03:57] <+Sambeano> ES is actually going to yield profit this leg
[10:03:58] <+elf2> i'm expecting the "surprise" tick spike over 1k to get the momentum slamming
[10:04:22] <+Warbucks> Tick isnt that high yet
[10:04:42] <+Sambeano> NQ agn charging
[10:05:04] <+Sambeano> nice action
[10:05:06] <+Warbucks> yeeehaw Sam
[10:05:22] <+Sambeano> what I was just thinking :)
[10:05:38] <+Warbucks> new box stop loss
[10:05:49] <+Sambeano> I see
[10:06:16] <+Sambeano> agn the hourly box TF ......strng breakout up
[10:10:34] <+Sambeano> agn NQ leads breaks out local box up
[10:11:16] <+Sambeano> anybody see whats driving NDX?
[10:11:31] <+elf2> notice how the tick is being controlled so there's no blowoff
[10:11:47] <+Sambeano> anybody see nasdaq heatmap?
[10:14:46] <+Sambeano> ES stps w small profit
[10:15:01] <+Sambeano> TF was stopped 786.3
[10:15:11] <+Sambeano> NQ stilll lng
[10:15:27] <+Sambeano> YM was stppd
[10:16:26] <+Sambeano> TF was nice leg
[10:17:01] <+Sambeano> I see 2.4 pts
[10:19:14] <+Sambeano> NQ lng sig at 2240.5, so far no stp no reverse
[10:19:27] <+Sambeano> best behaved so far tday
[10:25:25] <+Sambeano> wow TF leads nw breakd local box up
[10:25:38] <+Sambeano> vy strng
[10:25:54] <+Warbucks> TF new high... Tick new high
[10:26:36] <+Sambeano> NQ, YM, ES luk strng but lag
[10:26:58] <+Sambeano> nw NQ breaks
[10:27:08] <+Sambeano> nw ES
[10:27:23] <+Sambeano> nw YM
[10:27:41] <+Warbucks> I took the TF box break but sold on tick high
[10:28:11] <+Warbucks> should have held
[10:28:31] <+Warbucks> making highs wo tick high
[10:29:47] <+Sambeano> TF boxes stppd at 786.3 but reversed at 786.6 and still lng
[10:31:40] <+Sambeano> TF exellent so far today
[10:31:48] <+Warbucks> TF is strong today
[10:32:19] <+Sambeano> everybody
[10:35:18] <@wrbtrader> By the way, if you ever wonder why this room doesn't grow...
[10:35:39] <@wrbtrader> To access #FuturesTrades most are using the mIRC software.
[10:35:58] <@wrbtrader> It has an expiration date...I think like 30 to 60 days.
[10:36:12] <@wrbtrader> Most aren't willing to pay the small price for the mIRC progrAM.
[10:36:20] <+Sambeano> :)
[10:36:23] <pat255> yes N ...
[10:36:37] <+pat255> geez for $20 one has unlimited access for ever
[10:36:49] <+pat255> best deal around
[10:36:50] <@wrbtrader> That's why we will OFTEN see someone in here for about 30 to 60 days and then they disappear.
[10:37:13] <+Sambeano> the best deal is Linux
[10:37:17] <+Sambeano> all free
[10:37:25] <+Sambeano> I run Xchat
[10:37:27] <Hoff> if you push it you can get a year of the trial
[10:37:34] <+Sambeano> like mIRC but free
[10:37:42] <@wrbtrader> Yeah...there's easy ways around it.
[10:37:58] <@wrbtrader> Xchat, Trillian and other programs or web base log-ins.
[10:38:07] <+Hoff> $10 for mirc is not a bad price
[10:38:24] <+Sambeano> xChat is stand alone app
[10:38:32] <@wrbtrader> There use to be a direct link available but the Othernet folks closed that direct link route after complaints from the mIRC software designer
[10:39:12] <+Sambeano> NQ TF break local box
[10:39:15] <@wrbtrader> I use to use the direct link for many years
[10:39:19] <+Sambeano> up
[10:39:44] <+Sambeano> ES YM still deciding
[10:40:55] <@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
[10:40:59] <+Sambeano> most electronic exchanges now running on Linux
[10:41:20] <+pat255> where can u dl Linus and what ver?
[10:42:15] <+Sambeano> I use Kubuntu at kubuntu.org
[10:42:49] <+Sambeano> It was designed to be very easy transition for windows users
[10:43:03] <+Sambeano> sri to cheerlead
[10:43:17] <+pat255> so simply dl theOS from there?
[10:43:27] <+pat255> the OS
[10:43:27] <+Sambeano> yep
[10:43:31] <+pat255> k ty
[10:43:43] <+Sambeano> go there and follow the rad signs
[10:43:53] <+Sambeano> rad? road
[10:44:05] <+Sambeano> :)
[10:45:02] <+Sambeano> I switched to Linux 5 years ago, do everything except pay money for....
[10:45:57] <+Sambeano> sri Pat read up on latest ver, something like 11.04?
[10:46:27] <+Sambeano> the website will tell
[10:47:07] <+pat255> k ty
[10:47:14] <+Sambeano> :)
[11:00:34] <+Sambeano> to be fair not a lot of native charting apps for Linux. But, I used to run SierraChart and QuoteTracker with no problems
[11:01:07] <+Sambeano> prob many others are being run on Linux using various techniques
[11:01:33] <+Warbucks> how about drivers Sam?
[11:02:01] <+Sambeano> usually not a prob
[11:02:51] * +foxx ----[ shorts GC @ 1520.8 ]----
[11:02:55] <+Sambeano> 5 years ago ATI and NVidea cards required special treatment, now it's handled w no pain
[11:03:07] <+Warbucks> almost went to Linux... drivers was my concern... need to look at it again
[11:04:30] <+Sambeano> I think the driver probs are in hand these days
[11:04:31] <HFDave> Hello
[11:04:34] <@wrbtrader> Nice trend day so far...but no trade opportunities for me.
[11:04:52] <+Warbucks> hi HFDave
[11:07:10] * +foxx ----[ covers GC @ 1522.2 flat ]----
[11:07:47] <+Sambeano> 10 years ago I used to have to build a custom kernel with drivers that fit my hardware
[11:08:20] <+Sambeano> I would usually end up with an effcient smooth runnig OS
[11:08:38] <+Sambeano> but could spend hours at it
[11:09:46] <+Sambeano> today I believe installing Kubuntu is easier and quicker that Win 7
[11:10:31] <+Sambeano> maybe that's because I use K but I'm familiar w both
[11:13:42] <+Sambeano> mkts now cruising in the horse latitudes.......
[11:15:46] <+Warbucks> im long TF again, but not much volume now
[11:16:32] <+Sambeano> the last box said lng at 789.4
[11:16:35] <+Warbucks> box break at 789.4
[11:16:41] <+Sambeano> :)
[11:16:47] <+Sambeano> see?
[11:16:52] <+Sambeano> u C
[11:16:56] <+Warbucks> yep
[11:17:13] <+Sambeano> vy cool LA!
[11:17:23] <+Warbucks> tight range now
[11:17:38] <+Sambeano> one of the 3 kings!
[11:17:53] <+Sambeano> up, down and sideways!
[11:18:13] <+Sambeano> markets only do 3 things
[11:18:32] * +foxx ----[ shorts GC @ 1522.7 ]----
[11:18:40] <+Warbucks> right now I just want one thing... lol
[11:18:50] <+Sambeano> yep
[11:19:03] <+Sambeano> let the market decide
[11:19:14] <+Warbucks> yep
[11:20:12] <+Sambeano> it already told u to mv stp to 789.2 so almost no exposure now
[11:21:40] <+Warbucks> yep.... moving stop
[11:21:50] <+Warbucks> here we go
[11:21:55] <+Sambeano> in fact if it prints 790 mv stp to 789.3
[11:22:03] <+Sambeano> like I said
[11:22:37] <+Sambeano> nw it's a free ride LA!
[11:22:55] <+Warbucks> I like free! yeehaw :)
[11:23:01] <+Sambeano> :)
[11:23:40] <+Sambeano> ok
[11:23:45] <+pat255> Sambeano whaich box u refer to?
[11:23:48] <+Warbucks> quick reversal stopped me out
[11:23:49] <+Sambeano> that happens
[11:25:09] <+Sambeano> pat look at any chart 1min, 15 sec. hourly, daily whatever and you'lll see the price doing only 3 things
[11:25:27] <+Sambeano> going up or dwn or sideways
[11:25:45] <+Sambeano> do u use support/resistance?
[11:26:15] <+Sambeano> do u use i on all time frames? or just some?
[11:26:47] <+Sambeano> boxes enclose support/resistance
[11:27:20] <+pat255> i do look at S/R
[11:27:26] <+Sambeano> I look at this on all time frames frm 1 min to daily
[11:28:15] <+pat255> i c ..what u mean ..but on 1m these S//R probably change quick?
[11:28:49] <+Sambeano> look at 1 min TF
[11:29:16] <+pat255> looking at it
[11:29:18] <+Sambeano> look frm 11:09 to
[11:29:31] <+Sambeano> abt 11:22
[11:29:44] <+Sambeano> see the box around that?
[11:30:10] * +foxx ----[ covers GC @ 1521.3 half stop move to BE ]----
[11:30:17] <+Sambeano> it's going to break frm that box either way
[11:30:21] <+pat255> i c so that wud be current S/R on 1m
[11:30:36] <+Sambeano> it's local S/R
[11:30:43] <+pat255> ok
[11:30:48] <+Sambeano> obviously
[11:31:03] <+pat255> so u prefer to S the support or l the breakout?
[11:31:15] <+pat255> or the other way around?
[11:31:19] <+Sambeano> remember price action does only 3 things
[11:32:03] <+Sambeano> My strategy is based on the boxes
[11:32:07] <+Warbucks> yep... will break up or down eventually
[11:32:47] <+Sambeano> if you scalped the boxes, yes, lng the break up shrt the break down
[11:33:42] <+Sambeano> I wrk on a lnger term strategy but as I dsif, it's all based on the boxes.
[11:33:54] <+Sambeano> boxes are fundimental
[11:34:19] <+pat255> k ty
[11:34:29] <+Sambeano> one of three moves that make up all price a ction
[11:35:03] <+Sambeano> prople sort of use them on the daily chart
[11:35:03] <+Hoff> box, triangle, and circle?
[11:35:17] <+Hoff> :)
[11:35:46] <+Sambeano> then abandon them on the minute, for example??
[11:36:07] <+Sambeano> sideways, up or down
[11:36:10] * +foxx ----[ covers GC @ 1520.3 flat ]----
[11:36:52] <@wrbtrader> By the way...for those wanting to use this chat room while "mobile"...
[11:37:04] <@wrbtrader> Use Trillian @ http://www.trillian.im/
[11:37:05] <+Sambeano> right now TF inside 788.9 to 790.5
[11:38:07] <+Sambeano> that is inside 788.4 to 790.9
[11:38:43] <+Sambeano> sideways since 10:30
[11:41:09] <+Warbucks> thanks Mark, will look at Trillian
[11:42:40] <+elf2> what we waiting for? all this sideways action & no retrace?
[11:44:04] <+Sambeano> TF hourly chart shows strong move up out of the 3 day box frm Friday, since 5/31 down move we havn't seen this before
[11:44:27] <+Sambeano> looks vy strong so far
[11:45:03] <+Sambeano> cud be the bottom LA is waiting for on ES
[11:45:25] <+Warbucks> that was my thought
[11:46:39] <+Sambeano> ditto ES hourly chart vy strong
[11:47:32] <+Sambeano> btw, I saw that Hoff....Earth, Wind and Fire....
[11:47:47] <+Sambeano> :)
[11:48:11] <+Sambeano> rock, scissors and paper
[11:48:59] <+Hoff> I thought well, bad joke just go back under rock :)
[11:49:27] <+Warbucks> lol Hoff
[11:49:38] <+Sambeano> :)
[11:50:02] <+Sambeano> Honest John!!
[11:50:46] <+Hoff> morning Sam
[11:51:32] <+Sambeano> mornin from the Swedish sauna known as Central Texas
[11:51:34] <+Sambeano> :)
[11:51:59] <+Hoff> here in arizona its just a dry heat :)
[11:52:25] <+Sambeano> AZ much nicer than hr wx wise
[11:53:28] <+Hoff> probably, most of the time I've spent in Texas was in DFW airport
[11:54:21] <+Warbucks> here we go
[11:54:34] <+Sambeano> nice
[11:54:43] <+Hoff> yep
[11:54:58] <+Sambeano> TF breaks the big one today
[11:55:03] <+Warbucks> spent a lot of time in DFW myself Hoff
[11:55:32] <+Warbucks> setup HP computers at DFW for American
[11:56:07] <+Hoff> :)
[12:01:00] <+Sambeano> TF hourly last 3 hours show higher highs and lows....strng break of 3 day box
[12:01:38] <+Sambeano> that box top was hinted at Friday, confirmed Monday and broken today
[12:01:57] <+Sambeano> strng so far
[12:02:44] <+Warbucks> another TF box break
[12:05:09] <+Warbucks> gap and go day so far
[12:07:55] <@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
[12:46:57] <+Sambeano> ES flirting w box top fm 10:30 for 3rd time ditto YM
[12:47:30] <+Sambeano> NQ inside
[12:47:36] <+Sambeano> TF?
[12:54:21] <+Warbucks> TF 5 tick range over 10 min
[12:56:27] <+Warbucks> stock patterns
[12:56:49] <+Warbucks> oops wrong keyboard...
[12:58:12] <+Warbucks> here we go again :)
[13:23:10] <+Sambeano> TF hourly shows flirting with top of box back to last wed ......
[13:23:28] <+Sambeano> my way of saying resistance
[13:24:46] <+Sambeano> that top started wed, was bounced off thu TF there now
[13:30:12] <+Sambeano> in my head I hear Jim Morrison singing "break on through to the other side"
[13:30:40] <+Warbucks> IC that... 793.25 top or resistance
[13:31:34] <+Sambeano> woaw
[13:32:05] <+Sambeano> break on through
[13:32:36] <+Sambeano> NQ above it's 10:30 box finally
[13:33:19] <+Sambeano> ES and YM awhile ago
[13:37:38] <+Sambeano> TF hourly today 4th candle shrt red but all making higher highs and lows
[13:37:56] <@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
[13:38:12] <+Sambeano> still vy strng mv out of 3day box frm Friday
[13:47:28] <+Sambeano> the resistance has been met and bounced off of!
[13:50:06] <+Warbucks> Goldman flirting with lows... no help
[14:24:06] <+Warbucks> Goldman looking to break through DT line
[14:24:34] <+Warbucks> picked up TF at 790.5
[14:24:46] <+Warbucks> stop at 789.6
[14:27:50] <+Warbucks> Stop to 790
[14:31:13] <+Sambeano> vn
[14:32:08] <+Warbucks> losing patience... :)
[14:32:13] <+Sambeano> ")
[14:32:50] <+Sambeano> why I want computer to do it
[14:33:10] <+Sambeano> it has infinite patience
[14:33:29] <+Warbucks> yep
[14:34:30] <+Warbucks> moving stop to plus 1 tick.... dont want to take a loss here
[14:35:19] <+Warbucks> im out
[14:35:31] <+Sambeano> gud, btw my cur rules would mv it to 790.4 but just me, a computer thing
[14:36:16] <+Sambeano> actually I wud already be stppd :)
[14:36:26] <+Sambeano> -.1
[14:36:51] <+Warbucks> that was my other option Sam
[14:37:48] <+Sambeano> still I think ur seeing and using the box which is fundamental
[14:41:37] <+Sambeano> of course the other idea is leave the stop at the prev box until the cur box completes
[14:41:51] <+Sambeano> then move it up
[14:41:54] <+Sambeano> but
[14:42:09] <+Sambeano> this has it's drawbacks too
[14:43:16] <+Warbucks> yep... I lost patience
[14:45:48] <+Sambeano> 791.4 last 20 minutes
[14:46:26] <+Warbucks> feels like she will break
[14:46:35] <+Sambeano> there
[14:47:25] <+Sambeano> 791.9
[14:47:34] <+Sambeano> 45 minutes
[14:47:39] <+Sambeano> there
[14:48:21] <+Sambeano> now 792.9 HOD
[14:52:09] <+Warbucks> I really need to learn patience!
[14:52:45] <+Sambeano> TF having a hard time getting up into box that enclosed HOD
[14:53:42] <+Sambeano> Ditto NQ, ES just bounced off it
[15:01:25] <+Warbucks> new break
[15:02:27] <+Warbucks> looks like we are headed to new hi's
[15:03:32] <+Sambeano> so far so good
[15:03:43] <+Sambeano> 792.9
[15:03:59] <+Sambeano> watch shud be interesting
[15:04:48] <+Sambeano> NQ also at HOD
[15:04:56] <@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
[15:05:01] <+Sambeano> YM too
[15:05:17] <+Sambeano> ES new HOD
[15:09:24] <+Sambeano> 791.7?
[15:10:26] <+Warbucks> nice resistance at 793
[15:11:13] <+Sambeano> strng so far
[15:11:54] <+elf2> i wanna a retrace into da close
[15:12:07] <+Warbucks> plenty of time to "break on through to the other side" :)
[15:12:13] <+Sambeano> :)
[15:12:33] <+Warbucks> not much of a retrace today
[15:15:44] <+elf2> rut sagged a whole 2 pts at 1:35
[15:16:01] <+Warbucks> might see some short covering today
[15:16:16] <+Warbucks> market has been oversold for a while
[15:16:44] <+Sambeano> NQ new HOD
[15:19:20] <+elf2> jpm & gs ain't feeling the luv
[15:21:42] <+Sambeano> if we finish below 793 will be 3rd time in 5 trading days
[15:22:39] <+Sambeano> that we bounced off it
[15:23:06] <+Warbucks> TF breakdown on low tick
[15:24:21] <+Warbucks> Goldman needs some TLC
[15:26:06] <+Sambeano> yes, nice mv out of that
[15:29:30] <+Warbucks> GS bounced off pivot
[15:33:33] <+Sambeano> 789.7
[15:35:17] <+Warbucks> getting your retrace elf
[15:35:41] <+Warbucks> new low tick
[15:36:11] <+Sambeano> strng dwn after that little milestone
[15:37:11] <+Sambeano> nw watching for abt 788.5
[15:37:17] <+elf2> yep, just when i give up stalking the put the underlying drops to annoy me, at least i got out even on an earlier put
[15:37:35] <+Warbucks> was this opp for shorts to get out? or more downside here?
[15:38:18] <@wrbtrader> Need current quote for Emini TF Sept contract !
[15:38:40] <@wrbtrader> need to verify questionable data spike
[15:38:56] <+Sambeano> what
[15:39:27] <+Warbucks> 789.3-789.4 I have
[15:39:28] <+Sambeano> can chk T&S
[15:40:45] <@wrbtrader> thanks
[15:55:36] <+Warbucks> nice box on TF here at the close
[16:04:07] <@wrbtrader> FYI - I'm not sure if I'm going to be trading tomorrow because I'm still "taking it easy" this week of trading.
[16:09:31] <+Sambeano> I saw LA!
[16:09:54] <+Sambeano> back up to HOD agn too
[16:11:17] <+Sambeano> near rather
[16:11:45] <+Warbucks> yep
[16:12:05] <+Warbucks> nice move out of that
[16:12:51] <+Warbucks> gn all
[16:34:57] <@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
[19:27:12] <@wrbtrader> Take care and see all tomorrow
Session Close: Tue Jun 14 19:27:17 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
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