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Quote:
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http://www.thestrategylab.com/ftchat/forum/viewforum.php?f=5 Attachment:
020812-Key-Price-Action-Markets.png [ 542.53 KiB | Viewed 277 times ]
click on the above image to view today's price action of key markets Session Start: Wed Feb 08 07:39:03 2012
Session Ident: #FuturesTrades
[07:39:03] * Now talking in #FuturesTrades
[07:39:03] <@X> [NihabaAshi] chat room archives @
viewforum.php?f=20[08:59:40] <@X> #FuturesTrades Info -> Chat room for traders of Emini Futures (EMD, TF, ES, NQ, YM), EuroFX Futures (6E, EC), Eurex/Euronext Futures (DAX, ESTX50, FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM), Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQ, SPY) and Forex Currencies
[09:09:59] <@wrbtrader> Good morning all...anybody in here having problems logging into the Othernet for #Futurestrades or #VolatilityTradingTSL chat rooms
![question ?](./images/smilies/emoticonquestion.gif)
??
[09:10:32] <@wrbtrader> It took 14 connection attempts on the "Fremont Server" to get connected.
[09:11:44] <StormwolfT>
![good morning gm](./images/smilies/emoticonhello.gif)
. no
[09:12:09] <wiseguy7600> nope, all fine
[09:12:42] <+wiseguy7600> though probably doesn´t count as i had the machine on all night :-)
[09:13:36] <@wrbtrader> I got back in time from a 1 1/2 hour power walk up in the mountain with -21 degrees.
[09:14:31] <+wiseguy7600> nice.so it´s not only that cold in europe atm?
[09:14:56] <Tigerman>
![good morning gm](./images/smilies/emoticonhello.gif)
all
[09:15:03] <+wiseguy7600> i think we had high degree of -30 in moscow
[09:15:16] <@wrbtrader> Yeah...its cold here too as it is in Europe.
[09:15:24] <+Tigerman> wrbtrader x me everithing ok in othernet
[09:15:29] <@wrbtrader> Yet, Europe is worst
[09:15:57] <+wiseguy7600> a bit warmer here in the south of spain. we are approaching 0 degrees at night though. very unusual
[09:16:09] <+Tigerman> yep here was -10 but strong wind 150KM /hour
[09:16:25] <+StormwolfT> its close to 30 degress celsium everyday here in brazil
[09:16:29] <+Tigerman> difficult warming up my house
[09:17:08] <+Tigerman> lucky storm
[09:17:18] <+Tigerman> I like hot weather
[09:18:16] <+wiseguy7600> not sure you guys look at macro news too much, but today everybody has been awaiting the results of the greek consultation talks. think they have started a bit ago and should be announced soon... just in case you see some unusual action.
[09:18:34] <+wiseguy7600> so far liquidity has been horrible
[09:18:53] <+Tigerman> wiseguy thanks to remaind us
[09:19:10] <+Tigerman> the greek is a never ending issue
[09:19:34] <+Tigerman> simply they not permit a default
[09:19:58] <+Tigerman> and buy time with EU tax payer
![sad :(](./images/smilies/icon_chatsad.gif)
[09:20:08] <+wiseguy7600> yup. no easy solution. a clear solution, ie break-up of the euro would result in chaos but be good mid-term
[09:20:36] <+wiseguy7600> the whole south of europe is fu$%d as long as they have to follow the german lead
[09:21:48] <+Tigerman> yep but we all tied
[09:22:08] <+Tigerman> Italy is a big partner x germany
[09:22:42] <+Tigerman> otherwise they do not know how to sell their nmw
![smile :)](./images/smilies/icon_chatsmile.gif)
[09:22:56] <+wiseguy7600> the north of italy is strong, only problem with italy is corruption
[09:22:59] <+Tigerman> bmw car I mean
[09:23:22] <+wiseguy7600> we here in spain can´t compete. you look around and everything comes from german
[09:23:35] <+wiseguy7600> cars, kitchens, tools etc
[09:25:46] <+wiseguy7600> basically you name it, either from germany (high end) or china (low end)... nothing in between
[09:26:27] <+Tigerman> yep china entry in wto was a suicide for western country
[09:26:54] <+Tigerman> and was not a silly mistake .....
[09:32:26] <+Trendtrader>
![good morning gm](./images/smilies/emoticonhello.gif)
all
[09:32:43] <+Trendtrader> Long Emini TF @ 827.9 «« simulator »»
[09:39:16] <@wrbtrader> Shorts Emini TF @ 826.50 -> medium size
[09:39:21] <@wrbtrader> 2+2
[09:40:49] <@wrbtrader> Big battle so far in this price area
[09:41:26] <@wrbtrader> Covered all Emini TF Short @ 827.30 --> - 0.8
[09:41:29] <+Trendtrader> Long Emini TF @ 826.8 -> Add «« simulator »»
[09:43:42] <+Trendtrader> Exited 3/4 Emini TF Long @ 828 --> + 1.2 «« simulator »»
[09:46:01] <+Trendtrader> Exited Emini TF Long @ 828.9 --> + 1 «« simulator »»
[09:47:57] <+Trendtrader> actually +2.1. platform is FIFO
[09:53:12] <+Trendtrader> Exited Remainder Emini TF Long @ 830.1 --> + 2.2 «« simulator »»
[09:53:48] <+Trendtrader> +3.3
[09:53:50] <@wrbtrader> Long Emini TF @ 830.20 -> medium size
[09:53:59] <@wrbtrader> 2+2
[09:54:17] <+Tigerman> long IWM 83.09
[09:56:00] <+Tigerman> cover IWM 83.13
[09:56:12] <+Tigerman> +0.4
[09:56:17] <@wrbtrader> Exited all Emini TF Long @ 830.70 --> + 0.5
[09:56:30] <+Tigerman> seems no script x IWM
![question ?](./images/smilies/emoticonquestion.gif)
[09:57:15] <@wrbtrader> You need to go inside the script editor and change any symbol you don't trade via replacing it with IWM
[09:57:50] <+Tigerman> ok good I ll do it tommorow
[09:58:07] <+Tigerman> not wanna mess my trading section
[09:58:16] <+Tigerman> thanks wrbtrader
[09:59:28] <+Tigerman> today my broker (IB) closed my data x TF and wanna additional money x it
[09:59:49] <+Tigerman> lucky I solved some day ago with other data vendor
[10:00:01] <+Tigerman> e-signal
[10:00:40] <+Tigerman> but give me some problem with chart and renew again my setip
[10:01:02] <+StormwolfT> I use IB, what you mean they wanna additional money?
[10:01:46] <+Tigerman> I mean they want a subscribtion x TF future
[10:02:01] <+Tigerman> I pay x many diffrent markets
[10:02:11] <+Tigerman> but till today no x TF
[10:02:29] <+Tigerman> do you have TF symbol x free?
[10:03:09] <+StormwolfT> TF data costs me $1 if I execute at least 1 trade
[10:03:18] <+StormwolfT> $75 if I don't
[10:04:29] <+Tigerman> ok so you speak about the future TF
[10:04:50] <+Tigerman> so 75$ amonth and need only a trade in that month
![question ?](./images/smilies/emoticonquestion.gif)
[10:05:15] <+StormwolfT> its $1 if I do a trade. obviusly I always do the trade
[10:05:59] <+Tigerman> because now after trading live TF I switched on IWM until regain confidence
[10:06:07] <+StormwolfT> the market data page says $75 but its actually $1 plus the cost of the trade
[10:07:10] <+Tigerman> ok thanks I assume you pay 2.4 $ atrade x TF or what?
[10:07:40] <+StormwolfT> I believe I paid $2 per side
[10:12:21] <+Tigerman> ok thanks and enjoy your hot weather
![smile :)](./images/smilies/icon_chatsmile.gif)
[10:12:38] <+Tigerman> I have to wait many months x that
[10:13:53] <+StormwolfT> I think that $2 per side is a bit expensive compared to Velocity and some others
[10:16:38] <+Tigerman> yep velocity seems good also x-trader platform is a must
[10:17:01] <+Tigerman> we also have to consider financial strengh of the broker
[10:17:39] <+Tigerman> in this crisis is very importnt ... after MF default
[10:29:41] <@X> #FuturesTrades Info -> Chat room for traders of Emini Futures (EMD, TF, ES, NQ, YM), EuroFX Futures (6E, EC), Eurex/Euronext Futures (DAX, ESTX50, FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM), Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQ, SPY) and Forex Currencies
[10:30:08] <T4n_paper> Long TF @ 831.1 -> small size «« simulator »»
[10:35:16] <+T4n_paper> Long TF @ 830.6 -> Add «« simulator »»
[10:35:25] <+T4n_paper> Long TF @ 830.1 -> Add «« simulator »»
[10:35:30] <+T4n_paper> Exited TF Long @ 829.6 --> - 2 «« simulator »»
[10:36:45] <+T4n_paper> super fail
[10:44:00] <@wrbtrader> Emini TF looks like it wants to retrace everything today
[10:44:26] <@wrbtrader> Emini YM has already dropped to new intraday lows
[10:56:09] <@wrbtrader> Shorts Emini TF @ 827.20 -> small size
[10:56:15] <@wrbtrader> 3 contracts
[10:58:42] <@wrbtrader> WRB pt1 reached
[11:00:18] <@wrbtrader> volatility spike retracement back up
[11:01:39] <@wrbtrader> Covered all Emini TF Short @ 827.10 --> + 0.1
[11:03:50] <@wrbtrader> Geeesh
[11:04:06] <@wrbtrader> new intraday lows for Emini TF
[11:04:16] <ST666> power outage. did you cover the short?
[11:04:30] <+Tigerman> yep entered short and exited on the retrace back
[11:04:33] <@wrbtrader> too bad that spike up took me out for a tiny profit
[11:04:33] <+Tigerman>
![sad :(](./images/smilies/icon_chatsad.gif)
[11:04:47] <+Tigerman> I got a small loss
[11:05:00] <+ST666> that was a creeper down trade?
[11:05:26] <@wrbtrader> Creeper Dowm Movement obviously still intact
[11:05:36] <@wrbtrader> Shorts Emini TF @ 824.20 -> medium size
[11:05:53] <@wrbtrader> trade error
[11:05:59] <+Tigerman> any news cause this sell off?
[11:06:33] <@wrbtrader> will hold
[11:07:46] <@wrbtrader> Covered all Emini TF Short @ 823.90 --> + 0.3
[11:07:55] <@wrbtrader> Houdini Escape
[11:08:12] <+ST666> you entered by accident?
[11:08:27] <+wiseguy7600> squawk saying stops being run...not sure if that´s the reason. usually they just make up some shi$%
[11:09:07] <@wrbtrader> waiting for some volatility contraction to show up
[11:09:32] <@wrbtrader> in contrast...its still increasing
[11:13:16] <+wiseguy7600> ecb hasn´t decided on greece yet. bonds just spiked again
[11:15:25] <@wrbtrader> Shorts Emini TF @ 822.90 -> medium size
[11:15:46] <@wrbtrader> that's a scale 3 and the 1
[11:15:56] <@wrbtrader> intuition
[11:18:21] <@wrbtrader> WRB pt1 reached
[11:18:25] <@wrbtrader> trailing @ profit
[11:19:14] <@wrbtrader> Covered all Emini TF Short @ 822.60 --> + 0.3
[11:19:46] <@wrbtrader> I hate these types of price drop...
[11:20:06] <@wrbtrader> They take it back up "a little" just to shake you out and then they drop it...
[11:20:21] <+ST666> why not loosen the stop
[11:20:38] <@wrbtrader> You NEVER do that.
[11:20:51] <@wrbtrader> Always stick to your trading plan
[11:21:11] <@wrbtrader> In contrast, you can loosen your trail stop but NEVER your initial stop
[11:22:43] <@wrbtrader> Simply, NEVER let a profitable trade become a LOSING trade
[11:23:03] <@wrbtrader> that's what most do that get into the habit of "loosen they stops"
[11:23:29] <@wrbtrader> Creeper Down Movement still intact
[11:23:35] <+ST666> just to give a little room
[11:23:56] <@wrbtrader> I'll repeat...never let a profitable trade become a losing trade.
[11:26:23] <@wrbtrader> Emini ES, YM and NQ now contracting nicely
[11:31:00] <StormwolfT> are you stopping trading due mid-day session?
[11:31:33] <@wrbtrader> Yep...I'm nowhere near my profit goal for the day.
[11:31:43] <@wrbtrader> Thus, will be taking lunch around 1230pm est
[11:34:05] <@wrbtrader> Shorts Emini TF @ 821.60 -> small size
[11:35:14] <@wrbtrader> WRB pt1 reached
[11:35:29] <@wrbtrader> Covered all Emini TF Short @ 820.90 --> + 0.7
[11:35:52] <@wrbtrader> finally caught a WRB pt1 and was able to exit as such
[11:38:53] <@wrbtrader> Creeper Down Movement obviously still intact
[11:48:17] <@wrbtrader> I was exchanging emails yesterday with someone that had a unique perspective about some of the "strange" price action we've been seeing in Emini TF correlation with the other Emini futures
[11:49:16] <@wrbtrader> One, he said more retail brokers have RECENTLY RAISED their typical margin requirements for trading the Emini TF along with the Initial Requirements.
[11:49:59] <@wrbtrader> In addition, he "thinks" the result has attracted MORE institutional participation and LESS retail participation
[11:51:05] <@wrbtrader> Thus, more "algo" involvement
[11:52:00] <@wrbtrader> Anyways, just a thought but the only facts are that I too have notice more brokers have raised their margin requirments for trading the Emini TF.
[11:53:03] <@wrbtrader> By the way, I do remember ICE Exchange specifically stating that the reason why they bought the Emini ER2 from the CME and change it to the Emini TF was to ATTRACT more institutional clients.
[11:55:08] <+wiseguy7600> always bad when the ratio of smart money vs. dumb paper increases
[11:55:47] <+wiseguy7600> we notice it in the fixed income world. with all those stupid regional banks running out of chips, only the sharks are left
[11:56:41] <@wrbtrader> Yep
[11:58:23] <+wiseguy7600> it´s like with poker. you want the happy holiday maker on the table, not the pros
[11:58:28] <+Tigerman> wrbtrader and all what do you think about the proposal tax on financial transation in EU?
[11:58:41] <+Tigerman> France wanna start from 1 august
[11:59:37] <@wrbtrader> I really don't know a lot about it other than that I've read a few blogs by retail traders saying it will be the death of day trading
[11:59:41] <@X> #FuturesTrades Info -> Chat room for traders of Emini Futures (EMD, TF, ES, NQ, YM), EuroFX Futures (6E, EC), Eurex/Euronext Futures (DAX, ESTX50, FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM), Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQ, SPY) and Forex Currencies
[12:01:17] <+Tigerman> seems they change a little from starting rule
[12:01:58] <@wrbtrader> I wouldn't be surprise one day in the near future (if there's another financial crisis) that require "traders" to pay a yearly license fee just for the privilege of having a broker account
![sad :(](./images/smilies/icon_chatsad.gif)
[12:02:06] <+Tigerman> what is not clear is a tax on the residence of the trader or the exchange involved
[12:02:44] <@wrbtrader> Well...you know how fees go down hill and us retail traders are at the bottom
[12:02:52] <+Tigerman> seems , and I hope is this second option
[12:03:17] <+Tigerman> if you trade france stock or derivates you pay
[12:03:19] <@wrbtrader> Thus, no matter who they tax with a fee...us retail traders will eventually get hit with some cost increase somewhere
[12:03:40] <+Tigerman> in contrast if you buy US stock and futures no problem
[12:03:54] <+Tigerman> in this way it is ok for me
![smile :)](./images/smilies/icon_chatsmile.gif)
[12:04:06] <StormwolfT> global competition can save us. we can change the contracts to HK futures or other countries
[12:04:21] <+wiseguy7600> don´t think that will hold. if that´s the case it will put french companies at a huge disadvantage
[12:04:40] <+wiseguy7600> and exchanges willjust move offshore
[12:04:58] <+wiseguy7600> london to start and then HK, Singapure, Dubai if necessary
[12:05:05] <+Tigerman> sure wise but this guys are all..... better no say in pubblic area
[12:05:46] <@wrbtrader> Exactly, if profitability is an issue...we're just go elsewhere to trade.
[12:06:04] <+wiseguy7600> one of the advantages of a SMALL transaction tax w(c)ould be that it would drive algos out of business
[12:06:14] <@wrbtrader> Thus, if there comes a day where I can only trade the Hang Seng HSI to avoid getting killed with "bogus fees"...
[12:06:23] <@wrbtrader> I'll move to Hong Kong
![smile :)](./images/smilies/icon_chatsmile.gif)
[12:06:33] <+Tigerman> yep wrbtrader if the issue is the exchange is ok
[12:06:45] <+wiseguy7600> really depends how they implement it. for the moment I think sarkozy just anounced it to get re-elected
[12:07:18] <+Tigerman> what I do not wanna hera is if this tax depends on the fiscal residence of the trader
[12:07:37] <+wiseguy7600> they can´t really control it
[12:07:43] <@wrbtrader> I understand Economics...I understand Business decisions...
[12:07:58] <+wiseguy7600> u could easily open an account with US broker/clearer f.e.
[12:08:08] <@wrbtrader> But when they add Politics to Economics and Business decisions...
[12:08:10] <@wrbtrader> I'm lost
[12:08:12] <@wrbtrader>
![sad :(](./images/smilies/icon_chatsad.gif)
[12:09:08] <+Tigerman> simply politics are not there to do nice things
[12:09:23] <+wiseguy7600> it´s all politics. they want to appear tough versus the finacial industry. which in my opinion is ok, they just have to be careful how they implement it
[12:09:53] <+Tigerman> otherwise thsy work in other competitive fields
[12:10:08] <+Tigerman> yep wise I agreed
[12:10:56] <+wiseguy7600> one thing is certain, they won´t ask us traders...
[12:11:40] <+Tigerman> anyway the situation is going so bad they try to get as money as they can frim tax payer
[12:12:24] <+wiseguy7600> yup, not that many places to hide. unless u have your money in asia or so
[12:13:15] <@wrbtrader> Long Emini TF @ 821.50 -> small size
[12:13:19] <@wrbtrader> 1 contract
[12:13:29] <+Tigerman> singapore or hong kong are good
[12:13:40] <@wrbtrader> Emin ES not in a Creeper Up Movement but the Emini NQ and YM are in a Creeper Up Movement
[12:14:05] <@wrbtrader> Thus, my Long in Emini TF is via the price action of Emini NQ and YM
[12:14:41] <@wrbtrader> Exited Emini TF Long @ 821.90 --> + 0.4
[12:14:49] <@wrbtrader> WRB pt1 reached
[13:26:42] <@X> #FuturesTrades Info -> Chat room for traders of Emini Futures (EMD, TF, ES, NQ, YM), EuroFX Futures (6E, EC), Eurex/Euronext Futures (DAX, ESTX50, FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM), Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQ, SPY) and Forex Currencies
[13:41:51] <+T4n_paper> Shorts TF @ 822.8 -> small size «« simulator »»
[13:45:39] <+T4n_paper> Covered TF Short @ 822.7 --> + 0.1 «« simulator »»
[14:17:09] <+T4n_paper> Shorts TF @ 822.1 -> small size «« simulator »»
[14:21:20] <+T4n_paper> Covered TF Short @ 822.1 --> 0 «« simulator »»
[14:56:01] <@wrbtrader> Creeper Up Movement still intact
[14:56:42] <@X> #FuturesTrades Info -> Chat room for traders of Emini Futures (EMD, TF, ES, NQ, YM), EuroFX Futures (6E, EC), Eurex/Euronext Futures (DAX, ESTX50, FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM), Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQ, SPY) and Forex Currencies
[15:00:04] <wave1> hi all
[15:00:14] <@wrbtrader> Hi wave1
[15:00:16] <+wave1> just check in busy at office
[15:00:23] <+wave1> Hi N
[15:01:40] <+wave1> mkt squeeze S everyday ..
[15:05:23] <+wave1> nq new highs everyday
[15:14:33] <+T4n_paper> Long TF @ 826.1 -> small size «« simulator »»
[15:14:37] <@wrbtrader> Long Emini TF @ 826.00 -> small size
[15:14:46] <@wrbtrader> 1 contract
[15:15:54] <+T4n_paper> Long TF @ 825.6 -> Add «« simulator »»
[15:15:56] <@wrbtrader> tighten stop
[15:20:46] <@wrbtrader> Exited Emini TF Long @ 825.70 --> - 0.3
[15:21:20] <+wave1> nq moving up Tf retarce
[15:21:30] <+wave1> nq is just too powerful
[15:22:08] <@wrbtrader> Shorts Emini TF @ 825.20 -> small size
[15:22:16] <@wrbtrader> 2 contracts
[15:22:21] <@wrbtrader> volatility increasing
[15:22:33] <+T4n_paper> Long TF @ 825.1 -> Add «« simulator »»
[15:22:50] <+wave1> S 40 nq papaer
[15:23:04] <@wrbtrader> Creeper Down Movement confirmec
[15:23:54] <@wrbtrader> Covered all Emini TF Short @ 824.90 --> + 0.3
[15:25:22] <@wrbtrader> In contrast, Emini NQ and ES are still in a Creeper Up Movement
[15:25:35] <+wave1> y
[15:26:23] <@wrbtrader> Emini NQ and ES has a WRB HIdden GAP @ 1442pm est
[15:27:10] <@wrbtrader> EuroFX 6E futures, Forex EurUsd currency and Light Crude Oil CL futures are now in a low volatility range bound
[15:27:31] <+wave1> y hiden gap
[15:30:11] <@wrbtrader> Long Emini TF @ 825.50 -> small size
[15:30:21] <@wrbtrader> 2 contracts
[15:30:40] <@wrbtrader> intuition based upon the price action of Emini ES and NQ
[15:31:24] <@wrbtrader> tight stop because Emini TF is still in a Creeper Down Movement
[15:31:50] <@wrbtrader> Exited all Emini TF Long @ 825.20 --> - 0.3
[15:32:04] <+T4n_paper> Exited TF Long @ 825.1 --> - 1 «« simulator »»
[15:32:05] <@wrbtrader> Shorts Emini TF @ 825.10 -> small size
[15:32:10] <@wrbtrader> 3 contracts
[15:32:16] <@wrbtrader> volatility increasing again
[15:33:34] <@wrbtrader> WRB pt1 reached (shallow)
![sad :(](./images/smilies/icon_chatsad.gif)
[15:34:05] <@wrbtrader> will hold
[15:35:05] <@wrbtrader> Emini ES and NQ still holding their Creeper Up Movement
[15:35:32] <@wrbtrader> Covered all Emini TF Short @ 825.10 --> 0
[15:36:15] <+T4n_paper> Long TF @ 825.1 -> small size «« simulator »»
[15:36:35] <@wrbtrader> Long Emini TF @ 825.30 -> small size
[15:36:47] <@wrbtrader> 3 contracts
[15:37:18] <+T4n_paper> Exited TF Long @ 825.6 --> + 0.5 «« simulator »»
[15:37:20] <@wrbtrader> WRB pt1 reached (shallow)
[15:37:23] <@wrbtrader> geeesh
![sad :(](./images/smilies/icon_chatsad.gif)
[15:37:46] <@wrbtrader> will hold
[15:38:35] <@wrbtrader> Exited all Emini TF Long @ 825.40 --> + 0.1
[15:40:21] <@wrbtrader> 5 quick trades in a 7 tick range...that's tough
[15:40:44] <@wrbtrader> Range getting tighter in Emini ES and NQ
[15:41:22] <+wave1> yup geez it is very narrow heer not easy at all to take a setup
[15:41:33] <+Tigerman> yep seems the rush hour is a choppy contractin area
[15:41:56] <@wrbtrader> It's setting up for a pop into the rush hour traffic
[15:42:39] <+Tigerman> not clear which side the pop
[15:42:52] <+wave1> y looks like S cant get any traction may close to the high side
[15:42:52] <+T4n_paper> Long TF @ 825.4 -> small size «« simulator »»
[15:44:37] <@wrbtrader> Long Emini TF @ 825.80 -> small size
[15:44:46] <@wrbtrader> 3:45pm - 4:00pm est rush hour traffic around the corner
[15:44:56] <@wrbtrader> 3 contracts
[15:45:09] <+T4n_paper> Exited TF Long @ 825.6 --> + 0.2 «« simulator »»
[15:45:41] <@wrbtrader> Exited all Emini TF Long @ 825.30 --> - 0.5
[15:47:39] <@wrbtrader> Emini TF testing the bottom of that trading range
[15:47:57] <@wrbtrader> Emini NQ volatility spike down
[15:48:09] <+T4n_paper> Long TF @ 824.9 -> small size «« simulator »»
[15:48:26] <@wrbtrader> if they can push a little higher...I'm in for a Long
[15:49:13] <+wave1> out -1.5 nq
[15:51:50] <+T4n_paper> Exited TF Long @ 825.3 --> + 0.4 «« simulator »»
[15:53:12] <+T4n_paper> getting too damn tight
[15:54:27] <@wrbtrader> It's trying hard to push into a volatility spike (Up or Down)
[15:55:11] <@wrbtrader> Long Emini TF @ 825.90 -> medium size
[15:55:20] <@wrbtrader> 2+2
[15:55:25] <@wrbtrader> tight stop
[15:58:59] <@wrbtrader> trailing @ profit
[15:59:06] <+wave1> vn
[16:01:23] <@wrbtrader> Exited all Emini TF Long @ 827.90 --> + 2
[16:01:38] <+Tigerman> very good
[16:01:59] <@wrbtrader> Wish I had a crystal ball this late afternoon that told me I only needed to make ONE trade...the last one
![sad :(](./images/smilies/icon_chatsad.gif)
[16:02:38] <+Tigerman> yep very hard
[16:03:10] <+Tigerman> sometimes we have many small loss before catch a runner
[16:03:13] <@wrbtrader> That tight choppy range setup that volatility spike...
[16:03:24] <+Tigerman> but the overall result is not good
[16:03:40] <@wrbtrader> That's the only reason why I held this trade BEYOND a WRB pt1 when it reached WRB pt1
[16:03:42] <+T4n_paper> I feel like i'm never on board the big stuff
[16:04:25] <+Tigerman> very good wrbtrader your experience makes alot of differencein trade like this
[16:06:18] <+StormwolfT> why you exited at 827.90?
[16:06:24] <@wrbtrader> I had the direction correct in that low volatility tightening trading range...
[16:06:41] <@wrbtrader> Out of 6 trades in it...4 were to the Long side
[16:18:50] <@wrbtrader> In hindsight, the only "contradiction" that persisted into the late afternoon trading session (after 3pm est)...
[16:19:22] <@wrbtrader> The Creeper Down Movement in Emini TF while it was a Creeper Up Movement in Emini ES and Emini NQ
[16:20:22] <@wrbtrader> These contradictions that use to be "rare" are becoming more commonplace since the start of the New Year...
[16:20:28] <@wrbtrader> Making trading very tough
[16:23:43] <@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, QQQ, SPY) and Forex Currencies
[16:44:59] <+Tigerman> take care all see tomorrow
[17:54:59] <@wrbtrader> Take care and see all tomorrow
Session Close: Wed Feb 08 21:13:23 2012
-------------------------
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