##TheStrategyLab Price Action Chat Room Logs
https://www.thestrategylab.com/ftchat/forum/

January 30th Friday 2009
https://www.thestrategylab.com/ftchat/forum/viewtopic.php?f=47&t=89
Page 1 of 1

Author:  wrbtrader [ Fri Jan 30, 2009 9:57 pm ]
Post subject:  January 30th Friday 2009

Session Start: Fri Jan 30 09:30:58 2009
Session Ident: #FuturesTrades
[09:30] * Now talking in #FuturesTrades
[09:30] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:32] <drt> gm all
[09:34] <+codehead> gm folks
[09:45] <kosmipt> Shorts ES @ 844 «« simulator »»
[09:49] <+kosmipt> Shorts ES @ 843.50 -> Add «« simulator »»
[09:50] * codehead is now known as codehead_biab
[09:54] <+kosmipt> Covered 1/2 ES Short @ 843 --> + 0.5 «« simulator »»
[09:56] <szubaark> Shorts ES @ 842 «« paper »»
[09:56] <+kosmipt> Covered Remainder ES Short @ 841 --> + 3 «« simulator »»
[09:57] <+szubaark> Covered all Short ES at 841 --> + 1 «« paper »»
[10:07] <+kosmipt> Shorts ES @ 838.50 «« simulator »»
[10:09] <@NihabaAshi> Long ES @ 838.00 -> medium size
[10:09] <@NihabaAshi> 4 only
[10:09] <+kosmipt> Shorts ES @ 836.75 -> Add «« simulator »»
[10:10] <@NihabaAshi> Exited all ES Long @ 837.00 --> - 1
[10:10] <@NihabaAshi> Shorts ES @ 836.75 -> medium size
[10:10] <@NihabaAshi> 4 only
[10:11] <+kosmipt> Covered 1/2 ES Short @ 835.25 --> + 1.5 «« simulator »»
[10:16] <jbuch> gm everyone
[10:16] <@NihabaAshi> Covered all ES Short @ 835.25 --> + 1.5
[10:16] <+szubaark> hi jb
[10:16] <+jbuch> :)
[10:17] <+jbuch> anyone catch this nice move down
[10:18] <werner> not here :(
[10:18] <+kosmipt> Covered Remainder ES Short @ 834.50 --> + 4 «« simulator »»
[10:19] <+werner> vn kosm
[10:19] <+jbuch> nice
[10:19] <+kosmipt> done for the morning
[10:19] <+kosmipt> thx
[10:19] <+szubaark> nice
[10:22] <+werner> Shorts NQ @ 1195.25
[10:23] <+werner> Covered all NQ Short @ 1194.00 --> + 1.25
[10:25] <@NihabaAshi> Long ES @ 835.50 -> medium size
[10:25] <@NihabaAshi> 4 only
[10:25] <@NihabaAshi> Exited all ES Long @ 834.75 --> - 0.75
[10:27] <+werner> wrbtrader...that exit is it intuition ?
[10:28] <+szubaark> Shorts ES @ 833.25 «« paper »»
[10:29] <@NihabaAshi> Shorts ES @ 833.25 -> medium size
[10:29] <@NihabaAshi> 4 only
[10:29] <+szubaark> Covered all Short ES at 832.25 --> + 1 «« paper »»
[10:31] <+werner> maybe nq sup here
[10:36] <@NihabaAshi> Covered all ES Short @ 830.75 --> + 2.5
[10:39] <@NihabaAshi> Long ES @ 830.75 -> medium size
[10:39] <@NihabaAshi> 4 only
[10:45] <@NihabaAshi> Exited all ES Long @ 832.00 --> + 1.25
[10:56] <pdays> Long ES @ 830.5
[10:57] <+pdays> Exited all ES Long @ 831.0 --> + 0.5
[10:59] <+jbuch> Shorts SPY @ 83.56
[11:01] <+jbuch> Covered all SPY Short @ 83.66 --> - 0.1
[11:12] <+jbuch> Shorts SPY @ 83.59
[11:12] <+jbuch> chasing :(
[11:13] <+jbuch> Covered 1/2 SPY Short @ 83.45 --> + 0.14
[11:16] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @ viewforum.php?f=20
[11:17] <+jbuch> Covered 1/4 SPY Short @ 83.27 --> + 0.32
[11:20] <+szubaark> nice
[11:22] <+jbuch> Covered Remainder SPY Short @ 83.17 --> + 0.42
[11:23] <+jbuch> thnxs :)
[11:25] <+jbuch> working on about 4 hours of sleep over the last couple of days need to get some coffee in me bbl
[11:47] <winmax60> Shorts NQ @ 1182 -> small size «« simulator »»
[11:48] <+winmax60> Covered all NQ Short @ 1184 --> - 2 «« simulator »»
[11:50] <+winmax60> Long NQ @ 1184.5 -> small size «« simulator »»
[11:51] <+winmax60> Exited all NQ Long @ 1184.75 --> + 0.25 «« simulator »»
[11:57] * codehead_biab is now known as codehead
[12:18] <+codehead> short 832.50 <paper> small
[12:18] <+codehead> scalp
[12:21] <+codehead> exit half +0.75 <paper>
[12:21] <+codehead> stop 833.25 remainder
[12:21] <+codehead> should dip, but taking a while here so making sure i get out even
[12:22] <+codehead> next res 836
[12:22] <+codehead> 836.5-.75
[12:30] <+jbuch> Shorts SPY @ 83.59
[12:31] <+codehead> exit +2.00 remainder ES <paper>
[12:32] <+jbuch> Covered 1/2 SPY Short @ 83.49 --> + 0.1
[12:32] <+codehead> target a point lower, but close enough for scalp
[12:32] <+winmax60> Long NQ @ 1188.25 -> small size «« simulator »»
[12:34] <+winmax60> Exited all NQ Long @ 1187 --> - 1.25 «« simulator »»
[12:35] <+winmax60> oops...it was a short....
[12:37] <+jbuch> Covered Remainder SPY Short @ 83.61 --> - 0.02
[12:37] <+codehead> if we break 833, 836.75 to a little above, then again 839.50-840.50
[12:37] <+codehead> are targets and shorts
[12:41] <+codehead> 830.00 is .500 retracement of last move on 5 min, bounced right on it so far
[12:42] <+codehead> i have a target 829.25 under that
[12:42] <+codehead> but... the lod is not a target level, so we could see lower
[12:52] <+jbuch> Shorts SPY @ 83.69 -> small size
[12:54] <+winmax60> Shorts NQ @ 1189 -> small size «« simulator »»
[12:57] <+jbuch> Covered all SPY Short @ 83.69 --> 0
[12:57] <+winmax60> Covered all NQ Short @ 1189.5 --> - 0.5 «« simulator »»
[12:59] <+winmax60> Long NQ @ 1189.75 -> small size «« simulator »»
[12:59] <+winmax60> Exited all NQ Long @ 1190.5 --> + 0.75 «« simulator »»
[13:00] <+jbuch> Shorts SPY @ 83.77 -> small size
[13:02] <+jbuch> Covered all SPY Short @ 83.74 --> + 0.03
[13:18] <+kosmipt> Shorts ES @ 834 «« simulator »»
[13:22] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @ viewforum.php?f=20
[13:23] <@NihabaAshi> Long ES @ 834.50 -> small size
[13:23] <@NihabaAshi> 3 only
[13:25] <+kosmipt> Shorts ES @ 833.25 -> Add «« simulator »»
[13:27] <@NihabaAshi> Exited ES Long @ 832.25 --> - 2.25
[13:27] <@NihabaAshi> Reverse and Enter Short ES @ 832.25
[13:27] <+kosmipt> Covered all ES Short @ 830 --> + 7.25 «« simulator »»
[13:27] <+kosmipt> done for the day here
[13:27] <+szubaark> Volatility Increasing
[13:27] <+szubaark> Nice kos
[13:27] <+kosmipt> everything's so obvious on a sim
[13:27] <+jbuch> bam kosmipt
[13:27] <+jbuch> nice
[13:27] <+szubaark> hmm.. kos u traded Live before?
[13:28] <+kosmipt> yes, for 1.5 years now
[13:28] <+kosmipt> small acct
[13:30] <+kosmipt> just can't handle the risk
[13:30] <@NihabaAshi> Shorts ES @ 830.00 -> Add
[13:31] <@NihabaAshi> I smell a news related drop...
[13:31] <+szubaark> are you Consistantly Profitible on simulator for more then 3+ months?
[13:31] <@NihabaAshi> Reason why I did an "intuition add" on the Short.
[13:33] <+werner> Shorts NQ @ 1188.00
[13:35] <+kosmipt> i don't like simulator personally, but almost every day i make money on it, even with stops
[13:35] <+jbuch> Shorts SPY @ 83.29
[13:36] <+werner> Shorts NQ @ 1187.00 -> Add
[13:36] <+kosmipt> sim doesn't "simulate" your emotions and the sense of risk
[13:36] <+winmax60> Shorts NQ @ 1187.75 -> small size «« simulator »»
[13:36] <+werner> mm thats a exit
[13:36] <+jbuch> Covered 1/2 SPY Short @ 83.19 --> + 0.1
[13:37] <+kosmipt> was there some news?
[13:37] <+werner> Covered all NQ Short @ 1187.00 --> + 1
[13:38] <+jbuch> Covered 1/4 SPY Short @ 83.08 --> + 0.21
[13:38] <+szubaark> Volatility drying out just as fast as it was increasing
[13:39] <+werner> nice
[13:39] <+winmax60> Covered all NQ Short @ 1185.75 --> + 2 «« simulator »»
[13:39] <@NihabaAshi> Covered 1/2 ES Short @ 825.75 --> + 4.25
[13:40] <+kosmipt> nice wrbtrader
[13:40] <+werner> indd
[13:40] <+szubaark> yea Nice Reversal wrbtrader.
[13:40] <+jbuch> Covered Remainder SPY Short @ 82.95 --> + 0.34
[13:41] <@NihabaAshi> Position reversal was easy...the add was the tough part.
[13:42] <+szubaark> the "add" made it look like you wanted to make there would be NO "10 count"
[13:45] <@NihabaAshi> I've only have a few hours of trading each day for the past 2 weeks and most of it has occurred in low volatility junk.
[13:46] <@NihabaAshi> Decided today that if I caught a fast mover that was news related or felt like it was news related...I would throw in some additional contracts.
[13:56] <+jbuch> Long SPY @ 83.21
[13:57] <@NihabaAshi> Covered Remainder ES Short @ 829.00 --> + 3.25
[13:57] <+jbuch> Exited 1/2 SPY Long @ 83.39 --> + 0.18
[13:57] <+werner> nice
[13:59] <+jbuch> Exited Remainder SPY Long @ 83.29 --> + 0.08
[13:59] <+jbuch> thanks :)
[13:59] <+szubaark> nice
[14:04] <+jbuch> Shorts SPY @ 83.33 -> small size
[14:04] <+codehead> bounce was .500
[14:04] <+szubaark> yea we at early morning lows range now
[14:05] <+jbuch> Covered all SPY Short @ 83.36 --> - 0.03
[14:12] <+winmax60> Long NQ @ 1189.5 -> small size «« simulator »»
[14:15] <+jbuch> Shorts SPY @ 83.28 -> small size
[14:20] <+jbuch> Covered all SPY Short @ 83.28 --> 0
[14:21] <+jbuch> Shorts SPY @ 83.26
[14:22] <+jbuch> Covered 1/2 SPY Short @ 83.11 --> + 0.15
[14:23] <+winmax60> Exited all NQ Long @ 1187.25 --> - 2.25 «« simulator »»
[14:26] <+jbuch> Covered Remainder SPY Short @ 83.3 --> - 0.04
[14:32] <+jbuch> Shorts SPY @ 83.45
[14:33] <+szubaark> just Whipsaws back and forth
[14:34] <+jbuch> Covered 1/2 SPY Short @ 83.33 --> + 0.12
[14:37] <+jbuch> Covered Remainder SPY Short @ 83.46 --> - 0.01
[14:37] <@NihabaAshi> Long ES @ 830.75 -> small size
[14:38] <@NihabaAshi> 3 only
[14:39] <@NihabaAshi> Exited all ES Long @ 830.00 --> - 0.75
[14:40] <+jbuch> Shorts SPY @ 83.39
[14:40] <@NihabaAshi> trade error...reason why I didn't hang around too long.
[14:41] <+szubaark> Volatility has been declining since the Initial News Drop around@1:20 PM E
[14:41] <+jbuch> Covered 1/2 SPY Short @ 83.29 --> + 0.1
[14:43] <@NihabaAshi> Shorts ES @ 828.75 -> small size
[14:45] <@NihabaAshi> :(
[14:46] <+jbuch> Covered 1/4 SPY Short @ 83.21 --> + 0.18
[14:47] <@NihabaAshi> Covered all ES Short @ 827.50 --> + 1.25
[14:47] <@NihabaAshi> back to back trade errors...
[14:47] <@NihabaAshi> One unlucky resulted as a loss and one lucky that resulted as a profit
[14:48] <@NihabaAshi> One more trade error and I'm done for the day (3 errors is like my alert to quit for the trading day).
[14:54] <@NihabaAshi> Shorts ES @ 826.25 -> small size
[14:54] <@NihabaAshi> 2 only
[14:58] <+jbuch> Covered all SPY Short @ 83 --> + 0.39
[15:00] <@NihabaAshi> Covered ES Short @ 827.75 --> - 1.5
[15:00] <@NihabaAshi> Reverse and Enter Long ES @ 827.75
[15:05] <@NihabaAshi> geeesh
[15:06] <@NihabaAshi> volatility flat lined and that's freezing me into thinking it's just chop
[15:09] <TraderG> short es 826.5 paper
[15:09] <@NihabaAshi> Exited ES Long @ 826.00 --> - 1.75
[15:09] <@NihabaAshi> Reverse and Enter Short ES @ 826.00
[15:09] <+jbuch> Shorts SPY @ 83.02
[15:11] <+TraderG> cover es 826 paper +0.5
[15:11] <+jbuch> Covered all SPY Short @ 83.11 --> - 0.09
[15:12] <@NihabaAshi> Covered all ES Short @ 827.00 --> - 1
[15:13] <+TraderG> long es 828 paper
[15:14] <+jbuch> Shorts SPY @ 83.24
[15:14] <+werner> Long NQ @ 1186.75
[15:14] <+TraderG> close es 828 paper 0
[15:15] <@NihabaAshi> chop city
[15:15] <@NihabaAshi> Long ES @ 828.00 -> medium size
[15:15] <@NihabaAshi> 4 only
[15:15] <+jbuch> Covered all SPY Short @ 83.24 --> 0
[15:15] <+werner> Exited all NQ Long @ 1187.75 --> + 1
[15:16] <+jbuch> Shorts SPY @ 83.23
[15:16] <drt> s ym 00
[15:16] <+TraderG> short es 828 paper
[15:16] <@NihabaAshi> :(
[15:16] <@NihabaAshi> tough price action
[15:17] <@NihabaAshi> volatility flat lined again
[15:17] <@NihabaAshi> They got the police dogs out right now looking for signs of traders :)
[15:18] <+werner> lol
[15:18] <+jbuch> Covered 1/2 SPY Short @ 83.11 --> + 0.12
[15:18] <+TraderG> cover es 826 paper +2
[15:18] <@NihabaAshi> Exited all ES Long @ 826.25 --> - 1.75
[15:18] <@NihabaAshi> Shorts ES @ 826.00 -> medium size
[15:18] <+jbuch> Covered 1/4 SPY Short @ 83.01 --> + 0.22
[15:18] <@NihabaAshi> 4 only
[15:19] <@NihabaAshi> it finally made it's move
[15:19] <@NihabaAshi> need a runner on this to make it all worthwhile trading in that chop
[15:20] <+drt> cs ym 64
[15:20] <+jbuch> :))
[15:22] <@NihabaAshi> trail @ 825.75
[15:22] <@NihabaAshi> be right back...family distraction
[15:25] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @ viewforum.php?f=20
[15:25] <+jbuch> Covered Remainder SPY Short @ 82.63 --> + 0.6
[15:31] <@NihabaAshi> I'm back
[15:31] <+kosmipt> nice runner wrbtrader
[15:31] <@NihabaAshi> yep
[15:31] <@NihabaAshi> volatility rising too
[15:35] <@NihabaAshi> Covered 1/2 ES Short @ 820.00 --> + 6
[15:37] <+kosmipt> wrbtrader i remember you used to trade ER2, did you check out russell TF contract, is it the same as ER2
[15:38] <+winmax60> Shorts NQ @ 1175.75 -> small size «« simulator »»
[15:40] <+winmax60> Covered all NQ Short @ 1177 --> - 1.25 «« simulator »»
[15:41] <@NihabaAshi> geesh
[15:41] <+winmax60> :-(
[15:41] <+jbuch> wow
[15:41] <@NihabaAshi> buyers showed up or a loner big boy showed up
[15:43] <+winmax60> Long NQ @ 1178.75 -> small size «« simulator »»
[15:43] <+jbuch> Long SPY @ 82.61
[15:44] <+jbuch> Exited all SPY Long @ 82.62 --> + 0.01
[15:44] <+winmax60> Exited all NQ Long @ 1178.75 --> 0 «« simulator »»
[15:44] <@NihabaAshi> Covered ES Short @ 821.50 --> + 4.5
[15:44] <@NihabaAshi> Reverse and Enter Long ES @ 821.50
[15:44] <@NihabaAshi> intuition on the position reversal
[15:46] <+jbuch> Long SPY @ 82.81
[15:46] <+winmax60> Long NQ @ 1179.25 -> small size «« simulator »»
[15:47] <+winmax60> Exited all NQ Long @ 1181.75 --> + 2.5 «« simulator »»
[15:47] <@NihabaAshi> where was this volatility when we needed it the past few weeks :(
[15:48] <+jbuch> Exited all SPY Long @ 82.83 --> + 0.02
[15:48] <@NihabaAshi> Exited all ES Long @ 823.00 --> + 1.5
[15:48] <+werner> Long NQ @ 1180..00
[15:52] <+werner> Exited all NQ Long @ 1180.50 --> + 1180.50 - 1180..00
[15:53] <+werner> Exited all NQ Long @ 1180.50 --> + 1180.50 - 1180..00
[15:53] <+werner> mm
[15:58] <+werner> have a good wk all
[15:58] <+jbuch> take werner
[15:59] <+werner> you to :)
[16:00] <@NihabaAshi> Long ES @ 822.25 -> small size
[16:00] <@NihabaAshi> 2 only
[16:00] <@NihabaAshi> wow
[16:01] <@NihabaAshi> doesn't look good on the retrace :(
[16:01] <@NihabaAshi> 820.25 was my actual signal
[16:01] <@NihabaAshi> Thus, that's a crazy volatility 2 point chaser I did :(
[16:04] <+codehead> man... this fib and symmetry stuff...
[16:04] <+codehead> wasn't totally sure on downside target, saw 817.50, 814 something...
[16:04] <+codehead> my metnro said, 817.5--place order
[16:04] <+codehead> long time ago
[16:04] <+codehead> i was in front of queue, filled long lod--whew
[16:12] <@NihabaAshi> Exited all ES Long @ 825.25 --> + 3
[16:14] <@NihabaAshi> I hope today's late volatility wasn't a one hit wonder...would be nice if it shows up again a few times next week.
[16:23] <+jbuch> have a good weekend everyone
[16:38] * codehead is now known as codehead_afk
[17:31] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @ viewforum.php?f=20
Session Close: Fri Jan 30 19:15:17 2009

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