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 Post subject: September 22nd Thursday - Futures, ETFs and Forex Currencies
 Post Posted: Thu Sep 22, 2011 7:38 pm 
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Joined: Tue Dec 16, 2008 1:02 am
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Attachment:
092211-Key-Price-Action-Markets.png
092211-Key-Price-Action-Markets.png [ 509.63 KiB | Viewed 222 times ]

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

Session Start: Thu Sep 22 09:27:40 2011
Session Ident: #FuturesTrades
[09:27:40] * Now talking in #FuturesTrades
[09:27:40] <@X> [NihabaAshi] chat room archives @ viewforum.php?f=20
[09:29:14] <drt> gm all
[09:29:20] <golface15> mornin
[09:30:11] <Tigerman> GM all
[09:31:49] <intowin> Covered all Emini YM Short @ 10743 --> 0
[09:32:24] <@wrbtrader> Good morning all
[09:32:47] <+Tigerman> hi wrbtrader
[09:35:04] <@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
[09:36:04] <+Tigerman> maybe some rebound from here
[09:36:45] <+Tigerman> Long TF @ 641 «« simulator »»
[09:38:19] <+Tigerman> Exited 1/2 TF Long @ 641.9 --> + 0.9 «« simulator »»
[09:40:45] <+Tigerman> tight stop not wanna profit gone
[09:41:12] <+Tigerman> Exited Remainder TF Long @ 646 --> + 5 «« simulator »»
[09:43:07] <@wrbtrader> Shorts Emini TF @ 643.60 -> medium size
[09:43:14] <@wrbtrader> 1+3
[09:43:38] <@wrbtrader> It's been awhile since we've seen a big open down gap like today
[09:43:47] <+Tigerman> yep
[09:44:09] <@wrbtrader> The entire world key markets were down big time it seems
[09:44:30] <+Tigerman> Shorts TF @ 641.6 «« simulator »»
[09:45:02] <@wrbtrader> That's a ton of volatility created in reaction to yesterday's key market events (KMEs)
[09:45:25] <+Tigerman> yep ben disappoint markets
[09:45:43] <+Tigerman> they hope better...
[09:45:57] <@wrbtrader> trailing @ profit
[09:45:59] <+Tigerman> Covered 1/2 TF Short @ 640.5 --> + 1.1 «« simulator »»
[09:46:47] <@wrbtrader> G20 meetings start sometime today
[09:47:01] <+Tigerman> Covered Remainder TF Short @ 641 --> + 0.6 «« simulator »»
[09:50:43] <+Tigerman> TF seems stronger vs others
[09:52:31] <@wrbtrader> Covered all Emini TF Short @ 641.50 --> + 2.1
[09:52:40] <+Tigerman> Long TF @ 641.4 «« simulator »»
[09:53:28] <+Tigerman> Exited 1/2 TF Long @ 642.4 --> + 1 «« simulator »»
[09:53:38] <+Tigerman> tight stop
[09:54:04] <@wrbtrader> Long Emini TF @ 641.40 -> large size
[09:54:11] <@wrbtrader> 2+2+2
[09:54:53] <+Tigerman> Exited Remainder TF Long @ 641.5 --> + 0.1 «« simulator »»
[09:54:58] <+Tigerman> :(
[09:56:20] <+intowin> Long Emini YM @ 10687
[09:56:47] <@wrbtrader> Exited all Emini TF Long @ 640.30 --> - 1.1
[09:57:21] <@wrbtrader> Shorts Emini TF @ 639.80 -> large size
[09:57:27] <+Tigerman> Shorts TF @ 639.7 «« simulator »»
[09:57:31] <@wrbtrader> 2+3+1
[09:57:38] <+Tigerman> intuition on this sell off
[09:58:09] <+Tigerman> Covered 1/2 TF Short @ 639.5 --> + 0.2 «« simulator »»
[09:58:42] <+intowin> Exited all Emini YM Long @ 10669 --> - 18
[10:00:00] <@wrbtrader> chop has arrived :(
[10:00:30] <+Tigerman> Covered Remainder TF Short @ 639.5 --> + 0.2 «« simulator »»
[10:02:57] <@wrbtrader> Covered all Emini TF Short @ 642.20 --> - 2.4
[10:03:23] <+Tigerman> missed this last spike up :(
[10:07:20] <@wrbtrader> Long Emini TF @ 645.10 -> large size
[10:07:29] <@wrbtrader> 3+3
[10:10:13] <+Tigerman> Long TF @ 646.6 «« simulator »»
[10:10:38] <+Tigerman> just intuition on this steady price rise
[10:11:45] <+Tigerman> Exited 1/2 TF Long @ 647.5 --> + 0.9 «« simulator »»
[10:12:02] <@wrbtrader> Exited all Emini TF Long @ 646.40 --> + 1.3
[10:12:21] <+Tigerman> Exited Remainder TF Long @ 646.7 --> + 0.1 «« simulator »»
[10:15:38] <@wrbtrader> Shorts Emini TF @ 644.70 -> large size
[10:15:47] <@wrbtrader> 3+3
[10:16:33] <+Tigerman> Shorts TF @ 644.6 «« simulator »»
[10:17:59] <@wrbtrader> Covered all Emini TF Short @ 645.50 --> - 0.8
[10:18:06] <+Tigerman> Covered all TF Short @ 645.5 --> - 0.9 «« simulator »»
[10:19:35] <@wrbtrader> It's doing it again like those last 2 days of Quadruple Witching...
[10:19:48] <+Tigerman> Long TF @ 648.8 «« simulator »»
[10:19:53] <@wrbtrader> That's when I started making my "there's a storm coming" commentary
[10:20:10] <+Tigerman> just follow up rise
[10:20:34] <@wrbtrader> Yeah...I've tried but it doesn't allow you to stay on a Long position
[10:20:41] <+Tigerman> Exited 1/2 TF Long @ 651.2 --> + 2.4 «« simulator »»
[10:21:17] <+Tigerman> yep they try to shake you down of the train..
[10:21:39] <MarekJ> less size, wider stop; market iv volatille
[10:22:12] <@wrbtrader> It needs to go a little higher to reach the next key price area
[10:22:27] <+Tigerman> we have to consider after this sell off many are going to cover short and bargain hunter show up
[10:22:41] <+Tigerman> Exited Remainder TF Long @ 653.1 --> + 4.3 «« simulator »»
[10:23:22] <+Tigerman> anyway agreed very difficult and not trade on plan but a lot of intuition
Quote:
[10:23:28] <@wrbtrader> Volatility base methods require "increase size"...none volatility methods require "decrease size".

[10:24:22] <@wrbtrader> Index are catching up with the futures...
[10:24:41] <@wrbtrader> They were out of sync for about 15 mins
[10:25:06] <@wrbtrader> volatility VIX/VXX still range bound
[10:25:53] <@wrbtrader> Shorts Emini TF @ 649.60 -> large size
[10:26:05] <@wrbtrader> 2+2+2
[10:26:31] <@wrbtrader> out of sync again :(
[10:27:55] <@wrbtrader> next key level around 646
[10:30:06] <@wrbtrader> tighten stop loss
[10:30:32] <@wrbtrader> trailing @ profit
[10:33:24] <@wrbtrader> Covered all Emini TF Short @ 648.80 --> + 0.8
[10:33:47] <+Tigerman> Long TF @ 650.3 «« simulator »»
[10:34:00] <+Tigerman> following price...
[10:34:16] <+Tigerman> a risky behaviour I know..
[10:34:23] <@wrbtrader> there's that spikey "stormy" price action again without the "normal type of contraction to precedes a volatility spike".
[10:34:34] <+Tigerman> Exited 1/2 TF Long @ 650.8 --> + 0.5 «« simulator »»
[10:35:18] <@wrbtrader> Usually a contraction sets up that type of spike...
[10:35:23] <+Tigerman> Exited Remainder TF Long @ 650.3 --> 0 «« simulator »»
[10:35:49] <@wrbtrader> Last time I saw this was many years ago when it was rumored the "government" was buying
[10:36:41] <+Tigerman> do you mean government buy equity?
[10:38:20] <@wrbtrader> Long Emini TF @ 650.30 -> large size
[10:38:36] <@wrbtrader> 3+2+1
[10:39:48] <@wrbtrader> Exited all Emini TF Long @ 648.40 --> - 1.9
[10:40:47] <@wrbtrader> Tigerman...no.
[10:40:51] <@wrbtrader> Buying futures
[10:42:10] <+Tigerman> ok
[10:42:51] <+Tigerman> Shorts TF @ 647.7 «« simulator »»
[10:43:37] <+Tigerman> Covered 1/2 TF Short @ 648.2 --> - 0.5 «« simulator »»
[10:44:08] <+Tigerman> Covered Remainder TF Short @ 648.7 --> - 1 «« simulator »»
[10:44:33] <@wrbtrader> Range tighter now
[10:44:46] <+Tigerman> contracting price in range
[10:44:53] <@wrbtrader> Long Emini TF @ 650.30 -> medium size
[10:44:58] <@wrbtrader> 2+2
[10:45:20] <+Tigerman> Long TF @ 651.9 «« simulator »»
[10:46:38] <@wrbtrader> I've 2x the distance of my trails and they're still yielding less than 1 point in this type of volatility
[10:47:11] <@wrbtrader> Will now try 3x when trade "nears" a profit target
[10:47:13] <+Tigerman> Exited all TF Long @ 651.8 --> - 0.1 «« simulator »»
[10:48:29] <@wrbtrader> Exited all Emini TF Long @ 650.80 --> + 0.5
[10:48:34] <+Tigerman> sorry wrbtrader distance of trail vs what? target?
[10:49:05] <@wrbtrader> trail versus target when target is within a few ticks
[10:49:40] <@wrbtrader> I usually go to +0.3 when profit target is near.
[10:50:04] <@wrbtrader> Today I was at +0.6 to +0.80
[10:50:19] <@wrbtrader> Will try +0.9 to +1.2
[10:51:43] <@wrbtrader> Shorts Emini TF @ 648.00 -> medium size
[10:51:59] <@wrbtrader> there's that stormy price action again
[10:52:03] <+intowin> Long Emini YM @ 100717
[10:52:17] <@wrbtrader> 2+2
[10:52:22] <+Tigerman> ok very clear, so a large distance between trail and target lower propability to be ahake
[10:52:46] <+Tigerman> I mean probability to be shaked out?
[10:53:05] <@wrbtrader> No
[10:53:17] <@wrbtrader> This volatility requires tighter trails...not bigger trails
[10:53:38] <@wrbtrader> bigger trails results in LESS profits
[10:54:02] <@wrbtrader> involving this type of price action we're seeing so far today
[10:54:31] <+Tigerman> AHH ok so make sense I suspected right but understand the contrary :)
Quote:
[10:55:29] <+MarekJ> bigger trails, bigger targets smaller size results in the same profits and less shake outs
[10:55:34] <+MarekJ> just my opinion

[10:55:36] <@wrbtrader> It's just an "adaptive" reaction to what's occurring so far
[10:56:10] <@wrbtrader> Covered all Emini TF Short @ 647.30 --> + 0.7
[10:56:50] <@wrbtrader> I was still at 2x instead of 3x :(
[10:56:58] <+MarekJ> on the end of day, short hands from 2 days ago can run down any price advance untill larger time frame will enter or short covering happen
[10:57:33] <@wrbtrader> Hopefully they'll do it sooner instead of later
[10:57:57] <@wrbtrader> it may just smooth things for a few days
[10:58:10] <+MarekJ> longer time frame
[10:58:29] <+MarekJ> excactly, consolidation and we see
[10:59:02] <@wrbtrader> Range getting tighter...now stuck within that prior key change in supply/demand of 1018am est
[10:59:24] <@wrbtrader> support failure
[11:00:03] <@wrbtrader> Shorts Emini TF @ 645.70 -> large size
[11:00:15] <@wrbtrader> 2+2+2
[11:01:01] <+MarekJ> no, the intradays longs are scrambling and will scrambl more if we go below LOD, shorts from 2 days ago just adding to profitable position
[11:02:35] <+MarekJ> their psyhological situation is much better then longs on any time frame
[11:02:46] <+Tigerman> Shorts TF @ 646.4 «« simulator »»
[11:03:09] <+Tigerman> Covered 1/2 TF Short @ 646 --> + 0.4 «« simulator »»
[11:04:03] <@wrbtrader> tighten stop loss
[11:04:19] <+Tigerman> Covered Remainder TF Short @ 645.9 --> + 0.5 «« simulator »»
Quote:
[11:05:00] <+MarekJ> is it better to be short from to days ago and sdding to position or be long and initiate position here from psyhological point of view and stop levels?

[11:05:05] <@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
[11:05:15] <+MarekJ> longs stop are tight because they afraid
[11:05:53] <@wrbtrader> target now changed :(
[11:06:09] <@wrbtrader> range more tighter now
[11:08:26] <@wrbtrader> Covered all Emini TF Short @ 645.30 --> + 0.4
[11:10:11] <@wrbtrader> Shorts Emini TF @ 645.30 -> medium size
[11:10:19] <@wrbtrader> 3+1
[11:10:21] <@wrbtrader> intuition
[11:10:25] <@wrbtrader> first one of the day
[11:11:27] <@wrbtrader> Covered all Emini TF Short @ 646.30 --> - 1
[11:12:55] <@wrbtrader> Shorts Emini TF @ 646.30 -> medium size
[11:12:59] <@wrbtrader> 2+2
[11:13:10] <@wrbtrader> same trade as prior
[11:15:18] <@wrbtrader> WRB pt1 reached...tight trail
[11:16:34] <+intowin> Exited all Emini YM Long @ 10667 --> - 90050
[11:16:57] <@wrbtrader> Covered all Emini TF Short @ 644.70 --> + 1.6
[11:19:23] <@wrbtrader> Amazingly...after all of that "not in sync"...
[11:19:56] <@wrbtrader> There'll now trying to get back in sync near the open (index)
[11:21:37] <@wrbtrader> CL futures stil in a tight range
[11:22:00] <+Tigerman> I exit see later
[11:22:16] <@wrbtrader> GC futures back within a tight trading range
[11:22:47] <@wrbtrader> EuroFX 6E futures back in a tight trading range
[11:22:56] <@wrbtrader> Eurex DAX back in a tight trading range
[11:35:48] <@wrbtrader> tighten your boot straps...I'm expecting that storm to show up sooner than later
[11:38:02] <@wrbtrader> Yet, I don't see any nearby key market events to help make it sooner than later :(
[11:58:46] <@wrbtrader> Shorts Emini TF @ 642.80 -> medium size
[11:58:57] <@wrbtrader> 2+2
[11:59:00] <@wrbtrader> intuition
[11:59:53] <@wrbtrader> support failure
[12:00:38] <@wrbtrader> Covered all Emini TF Short @ 641.90 --> + 0.9
[12:01:19] <@wrbtrader> as soon as I adjusted to that trail stop...it got hit almost immediately :(
[12:01:53] <@wrbtrader> Shorts Emini TF @ 641.20 -> medium size
[12:02:02] <@wrbtrader> 2+2
[12:02:21] <@wrbtrader> same trade after the rude "pick pocket"
[12:05:12] <@wrbtrader> WRB pt1 reached
[12:05:26] <@wrbtrader> tighten trail
[12:06:10] <@wrbtrader> Covered all Emini TF Short @ 639.90 --> + 1.3
[12:30:53] <@wrbtrader> Long Emini TF @ 641.40 -> small size
[12:30:59] <@wrbtrader> 2 contracts
[12:31:36] <@wrbtrader> volatility has contracted considerably since the first hour of trading...
[12:31:46] <@wrbtrader> reason why I've lowered my average position size
[12:35:05] <@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
[12:35:11] <@wrbtrader> Exited all Emini TF Long @ 640.70 --> - 0.7
[12:36:08] <@wrbtrader> Long Emini TF @ 641.30 -> small size
[12:36:13] <@wrbtrader> 1+1
[12:36:16] <@wrbtrader> same trade
[12:37:17] <@wrbtrader> WRB pt1 reached...tighten trail
[12:37:53] <@wrbtrader> Exited all Emini TF Long @ 642.70 --> + 1.4
[12:39:50] <@wrbtrader> Long Emini TF @ 642.80 -> medium size
[12:39:54] <@wrbtrader> 2+2
[12:39:59] <@wrbtrader> volatility increasing
[12:41:40] <@wrbtrader> Exited all Emini TF Long @ 643.30 --> + 0.5
[12:41:48] <@wrbtrader> another pick pocketed
[12:42:40] <@wrbtrader> Long Emini TF @ 643.20 -> small size
[12:42:45] <@wrbtrader> 1 contract
[12:42:49] <@wrbtrader> intuition
[12:44:31] <@wrbtrader> Exited Emini TF Long @ 643.50 --> + 0.3
[12:44:38] <@wrbtrader> contraction again
[12:45:00] <@wrbtrader> will just watch for awhile to see if this contraction can setup a trade opportunity
[12:45:00] <T4N_paper> you really worked this long
[12:45:48] <@wrbtrader> Yeah...didn't get what I wanted but the temporary increasing volatility encouraged me that it could go higher.
[12:45:58] <@wrbtrader> ooops...its doing it now :)
[12:47:17] <+T4N_paper> I tried to trail it, but was picked
[12:47:24] <+T4N_paper> I dont have the intuition for reentrys
[12:48:46] <@wrbtrader> price action now in creeper mode after that volatilit spike of 1238pm est
[12:49:26] <@wrbtrader> creeper mode = moves higher on declining volatility after an initial volatility spike
[12:49:56] <@wrbtrader> another volatility spike after the creeper mode
[13:22:37] <+T4N_paper> price in low vol within 10am price action
[13:36:16] <+intowin> Long Emini YM @ 10613
[13:46:49] <+intowin> Exited all Emini YM Long @ 10613 --> 0
[13:51:23] <@wrbtrader> weak support developed
[13:53:48] <@wrbtrader> Shorts Emini TF @ 638.60 -> medium size
[13:54:05] <@wrbtrader> 4 contracts
[13:55:50] <@wrbtrader> support failure
[13:59:04] <Tigerman> Shorts TF @ 635.8 «« simulator »»
[13:59:13] <+Tigerman> hi all i am back
[13:59:32] <+Tigerman> a clear supp break
[13:59:55] <+Tigerman> Covered 1/2 TF Short @ 635 --> + 0.8 «« simulator »»
[14:00:04] <+Tigerman> tight stop
[14:00:10] <@wrbtrader> Covered all Emini TF Short @ 635.10 --> + 3.5
[14:00:45] <+Tigerman> Covered Remainder TF Short @ 635.3 --> + 0.5 «« simulator »»
[14:01:09] <+Tigerman> good wrbtrader for trade before
[14:01:55] <@wrbtrader> Yeah...it makes up for the missed opportunity (Short) around 1300pm est
[14:02:05] <@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
[14:02:27] <@wrbtrader> I had decided to take a quick walk to the pharmacy to get some bottled water
[14:03:05] <@wrbtrader> better later than never :)
[14:03:14] <+Tigerman> yes good
[14:03:54] <@wrbtrader> New 24 hour low for Emini TF futures
[14:15:19] <@wrbtrader> Long Emini TF @ 638.30 -> small size
[14:15:26] <@wrbtrader> 3 contracts
[14:15:33] <@wrbtrader> :(
[14:16:44] <@wrbtrader> Exited all Emini TF Long @ 637.90 --> - 0.4
[14:18:14] <@wrbtrader> Shorts Emini TF @ 637.10 -> medium size
[14:18:18] <@wrbtrader> 2+2
[14:20:14] <@wrbtrader> Covered all Emini TF Short @ 638.10 --> - 1
[14:20:25] <@wrbtrader> :(
[14:20:41] <@wrbtrader> first trade of the day that made me mad
[14:22:23] <@wrbtrader> Long Emini TF @ 640.50 -> medium size
[14:22:28] <@wrbtrader> 2+2
[14:22:37] <@wrbtrader> there's that "stormy spike" again...
[14:23:06] <@wrbtrader> This time I was a little better prepared for it after the rude stop out on the prior trade
[14:23:40] <+T4N_paper> wow wrb spotted
[14:24:01] <@wrbtrader> Exited all Emini TF Long @ 643.50 --> + 3
[14:24:23] <golface15> news related?
[14:25:02] <@wrbtrader> I've seen about 6 of these types of spikes today so far...mainly losses on them until now.
[14:25:27] <@wrbtrader> This one just bigger than the others
[14:25:45] <@wrbtrader> big enough to get a profit instead of a loss
[14:27:12] <@wrbtrader> Shorts Emini TF @ 641.00 -> small size
[14:27:17] <@wrbtrader> 3 contracts
[14:28:09] <@wrbtrader> Covered all Emini TF Short @ 642.00 --> - 1
[14:28:40] <@wrbtrader> Long Emini TF @ 643.80 -> medium size
[14:28:46] <@wrbtrader> 2+2
[14:28:59] <+Tigerman> Long TF @ 644.2 «« simulator »»
[14:29:52] <+Tigerman> Exited all TF Long @ 643.3 --> - 0.9 «« simulator »»
[14:30:41] <+Tigerman> crazy ping pong price action!!
[14:31:07] <+Tigerman> Shorts TF @ 641.3 «« simulator »»
[14:31:23] <@wrbtrader> Exited all Emini TF Long @ 641.00 --> - 2.8
[14:31:52] <+Tigerman> Covered 1/2 TF Short @ 640.4 --> + 0.9 «« simulator »»
[14:32:30] <+Tigerman> Covered Remainder TF Short @ 640.5 --> + 0.8 «« simulator »»
[14:32:36] <@wrbtrader> Shorts Emini TF @ 641.00 -> large size
[14:32:48] <@wrbtrader> 3+3
[14:33:06] <+Tigerman> Shorts TF @ 639.5 «« simulator »»
[14:33:18] <+Tigerman> today mad price!!
[14:33:42] <+Tigerman> Covered 1/2 TF Short @ 638.9 --> + 0.6 «« simulator »»
[14:34:18] <@wrbtrader> geeesh
[14:34:46] <+Tigerman> Covered Remainder TF Short @ 638.8 --> + 0.7 «« simulator »»
[14:35:02] <+Tigerman> lost patience better get some profit soon
[14:36:56] <@wrbtrader> it came within 4 ticks of a profit target
[14:37:03] <@wrbtrader> may get a 2nd try at it
[14:37:15] <@wrbtrader> WRB pt1 reached
[14:39:14] <@wrbtrader> right back where the volatility spike started...
[14:39:17] <@wrbtrader> amazing
[14:40:58] <@wrbtrader> Covered all Emini TF Short @ 638.10 --> + 2.9
[14:41:29] <@wrbtrader> when I adjusted that trail from 638.90 to 638.10
[14:41:39] <@wrbtrader> it took about 2 seconds to get hit :(
[14:41:59] <+T4N_paper> looks like it was for the best
[14:42:03] <+T4N_paper> wild ride
[14:42:06] <@wrbtrader> I think the price was at 637.70 when the trail was adjusted
[14:44:27] <@wrbtrader> volatility now declining
[14:44:36] <@wrbtrader> looking for a creeper movement now
[14:45:21] <@wrbtrader> Long Emini TF @ 640.70 -> small size
[14:45:27] <@wrbtrader> 2 contracts
[14:47:00] <@wrbtrader> Exited all Emini TF Long @ 640.10 --> - 0.6
[14:47:18] <@wrbtrader> volatility expanding again
[14:48:02] <@wrbtrader> Long Emini TF @ 640.70 -> small size
[14:48:09] <@wrbtrader> 3 contracts
[14:49:23] <@wrbtrader> Exited all Emini TF Long @ 640.40 --> - 0.3
[14:49:47] <@wrbtrader> missed a reversal opportunity
[14:50:39] <@wrbtrader> volatility now on the upside and decreasing on the downside...weird
[14:54:16] <@wrbtrader> price action now stuck within the range of the most recent WRB Hidden GAP
[14:55:22] <+T4N_paper> this is hard to watch
[14:55:39] <+T4N_paper> really makes me tired watching low vol
[14:56:08] <@wrbtrader> The WRB Hidden GAP identification will help a lot now.
[14:56:24] <@wrbtrader> It's what I'm goin to use for me s/r area
[14:58:36] <@wrbtrader> support failure
[14:59:20] <@wrbtrader> Shorts Emini TF @ 637.40 -> small size
[14:59:26] <@wrbtrader> 3 contracts
[14:59:33] <+Tigerman> Shorts TF @ 637.3 «« simulator »»
[14:59:54] <@wrbtrader> I'm also on alert for one of those "stormy spikes"
[15:00:04] <@wrbtrader> WRB pt1 reached
[15:00:07] <@wrbtrader> tight trail
[15:00:20] <+Tigerman> Covered 1/2 TF Short @ 636.3 --> + 1 «« simulator »»
[15:01:00] <@wrbtrader> Covered all Emini TF Short @ 636.40 --> + 1
[15:01:31] <+Tigerman> Covered Remainder TF Short @ 636 --> + 1.3 «« simulator »»
[15:02:45] <@wrbtrader> I may get lucky and reach the 3k goal I have for today's trading session
[15:06:23] <@wrbtrader> another key price area reached
[15:06:26] <+Tigerman> yep not easy section
[15:06:46] <@wrbtrader> Shorts Emini TF @ 634.00 -> small size
[15:06:52] <@wrbtrader> 3 contracts
[15:06:57] <@wrbtrader> support failure
[15:07:07] <@wrbtrader> be careful of any spikes
[15:07:40] <@wrbtrader> Covered Emini TF Short @ 634.40 --> - 0.4
[15:07:40] <@wrbtrader> Reverse and Enter Long Emini TF @ 634.40
[15:08:59] <+Tigerman> I need to exit see al tomorrow
[15:11:26] <@wrbtrader> Exited all Emini TF Long @ 636.20 --> + 1.8
[15:13:35] <@wrbtrader> I think this will try to go higher but there's a 2 point range of possible retracement area
[15:14:01] <@wrbtrader> ooops...it's doing it now back towards the price area of the recent spike
[15:14:13] <@wrbtrader> key price area reached
[15:15:13] <@wrbtrader> Shorts Emini TF @ 634.10 -> small size
[15:15:23] <@wrbtrader> 3 contracts
[15:15:44] <@wrbtrader> need to be careful here again within the range of that Long lower shadow
[15:15:56] <@wrbtrader> Covered all Emini TF Short @ 635.10 --> - 1
[15:17:39] <@wrbtrader> Long Emini TF @ 634.10 -> medium size
[15:17:48] <@wrbtrader> 2+2
[15:18:22] <@wrbtrader> Exited all Emini TF Long @ 633.60 --> - 0.5
[15:18:45] <@wrbtrader> that was my gutsy trade of the day...didn't work so well :(
[15:19:33] <+T4N_paper> against the trend?
[15:19:49] <@wrbtrader> No...there is not trend :)
[15:19:55] <@wrbtrader> not = no
[15:20:08] <+T4N_paper> hmm
[15:20:09] <@wrbtrader> Shorts Emini TF @ 633.00 -> medium size
[15:20:15] <@wrbtrader> support failure
[15:20:20] <@wrbtrader> 2+2
[15:21:35] <@wrbtrader> T4N...whenever you ask that question...its usually about the last 30 mins of price action...
[15:21:44] <@wrbtrader> Not the overall price action the past few days
[15:22:02] <@wrbtrader> Overall price action since yesterday...
[15:22:06] <@wrbtrader> There's a trend.
[15:22:17] <+T4N_paper> I think so yes
[15:22:19] <@wrbtrader> However, I'm not trading that...never do
[15:22:30] <@wrbtrader> If I did...I would swing trade
[15:23:14] <+T4N_paper> Surely that would affect your position size
[15:23:15] <dallasm> Agility and rapid fire...
[15:24:10] <@wrbtrader> Yeah...I don't try to manage these strong directional price movements via position size.
[15:24:52] <+T4N_paper> I'm trying to make the trend important to me
[15:25:00] <@wrbtrader> Meant...I DO use position size to manage my trades
[15:25:21] <+T4N_paper> I usually identify the trend as the cause for my problems
[15:26:34] <@wrbtrader> Whenever I do "trend analysis"...I'm not good at it except via "hindsight analysis" :)
[15:27:00] <@wrbtrader> Covered all Emini TF Short @ 631.40 --> + 1.6
[15:27:22] <@wrbtrader> Today with the strange volatility spikes...
[15:27:54] <@wrbtrader> I just take trades off the support or failure of the WRB Hidden GAPs regardless to what the trend may be.
[15:29:10] <@wrbtrader> Here's my hindsight analysis of today so far...
Quote:
[15:29:42] <@wrbtrader> That price action BETWEEN 0900am - 1400pm est was not a trend.

[15:30:18] <@wrbtrader> Up on that weird volatility spike and then back down on the same weird volatility spike.
[15:30:30] <@wrbtrader> Lots of choppy counter-thrusts.
[15:30:49] <@wrbtrader> That's not a behaviour of a trend when only looking at today's price action.
[15:31:26] <@wrbtrader> In contrast, going back a few days...trend started late Tuesday.
[15:32:06] <@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
[15:32:08] <@wrbtrader> However, my trades today are not impacted by what started late Tuesday.
[15:32:39] <@wrbtrader> If it did have an impact...I would be swing trading
[15:33:11] <+T4N_paper> I'll make note of this
[15:33:13] <+T4N_paper> bbl
[15:33:21] * T4N_paper is now known as t4n_gone
[15:33:53] <@wrbtrader> Most of Emini TF prices occurred within that big gap.
[15:34:41] <@wrbtrader> For me to call today's price action as a trend...I would need to see most of today's price action "outside" that gap.
[15:35:05] <+dallasm> You are using 5 minute charts wrbtrader? If so does the 14:20 bar crossing factor into your analysis
[15:35:45] <@wrbtrader> dallasm...I had only a few trades today via the 5min charts but I will take a look at the 5min 1420pm est interval...
[15:36:43] <@wrbtrader> dallasm...it did and I think I mentioned it earlier
[15:38:53] <@wrbtrader> [14:54:16] <@wrbtrader> price action now stuck within the range of the most recent WRB Hidden GAP
[15:39:10] <@wrbtrader> [14:56:08] <@wrbtrader> The WRB Hidden GAP identification will help a lot now.
[15:41:54] <@wrbtrader> It's still having an impact on the price action
[15:43:24] <@wrbtrader> Usually I would ignore a "filled WRB Hidden GAP" but that one was very "unusual".
[15:43:47] <@wrbtrader> It involved that strange "stormy spike"...not exactly what name to call it.
[15:48:40] <@wrbtrader> Looks like Emini TF wants to close back inside the range of that WRB Hidden GAP that dallasm and I were talking about
[15:49:29] <@wrbtrader> Another spike but not like one of those stormy spikes we saw earlier
[15:52:43] <@wrbtrader> 4pm est rush hour traffice around the corner
[15:58:03] <@wrbtrader> Looks content to range inside that key price area of that WRB Hidden GAP
[16:00:26] <@wrbtrader> Long Emini TF @ 640.70 -> small size
[16:00:36] <@wrbtrader> 3 contracts
[16:03:32] <@wrbtrader> Exited all Emini TF Long @ 641.00 --> + 0.3
[16:04:16] <@wrbtrader> That may have been my most calm trade (very little stress) of the trading day.
[16:04:35] <@wrbtrader> maybe because I was only looking for a few ticks
Quote:
[16:06:43] <@wrbtrader> To get profitable for the day...I adapted via keying off any WRB Hidden GAPs that I had thought had suspicious volatility regardless if the price action later filled in the WRB Hidden GAP.
[16:07:10] <@wrbtrader> Prior to that...early in the trading day I was not doing that.
[16:08:12] <@wrbtrader> The other adaptation was tightening my "profitable trail" when the price action reached within a few ticks of a profit target.
[16:08:49] <@wrbtrader> Thus, if it retraced (it often did)...I didn't leave as much money on the table as I was doing earlier in the trading day.
[16:09:36] <@wrbtrader> These adaptations are not part of my normal trading plan...
[16:10:14] <@wrbtrader> They are "reactions" to that strange volatility that started the Thursday and Friday of Quadruple Witching week.

[16:10:36] <@wrbtrader> see prior discussions of such in the archive chat logs
[16:10:45] <@wrbtrader> Take care all and see all tomorrow
[16:10:55] * wrbtrader is now known as wrbtrader_away
[16:59:10] * t4n_gone is now known as t4n
[17:02:06] <@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: Thu Sep 22 18:35:12 2011

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

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Further, members are not obligated to educate nor help other members but members are encourage to ask questions about any trades or market commentaries that's posted by others because sometimes the answers contains useful trading tips.

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

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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.

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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

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