##TheStrategyLab Price Action Chat Room Logs

Session Start: Wed Apr 08 09:24:46 2009
Session Ident: #futurestrades
[09:24] * Now talking in #futurestrades
[09:24] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:26] <rickf>
[09:28] <+rickf> long AUD/JPY from 70.68 earlier this morning; stop set @ 71
[09:29] * Reno-Away is now known as Reno
[09:29] <drt> all
[09:30] * Forex2stay_Away is now known as Forex2stay
[09:33] <pat255> all
[09:34] <@NihabaAshi> Wholesale Trade @ 10am est and EIA Petroleum Status Report @ 1030am est
[09:34] <kosmipt>
[09:34] <+pat255> ty N
[09:34] <@NihabaAshi> FOMC Minutes @ 2pm est
[09:35] <+kosmipt> Shorts ES @ 818.75 «« simulator »»
[09:35] <+pat255> y
[09:35] <@NihabaAshi> http://fidweek.econoday.com
[09:35] <+kosmipt> Covered all ES Short @ 818 --> + 0.75 «« simulator »»
[09:36] <+rickf> exit stop moved to 71.20 on the AUD/JPY ... + 52 pips
[09:36] <+kosmipt> nice rickf
[09:36] <+rickf> ty
[09:37] <+kosmipt> daily pivot 819.50
[09:37] <+rickf> not sure the FOMC news will matter as much this time-- i'd wager most of any 'news' is already priced in or been disclosed
[09:38] <+rickf> but who knows, right?
[09:38] <@NihabaAshi> If it does matter today...don't let it sneak up on you.
[09:38] <+rickf> v good point
[09:38] <+Reno> Shorts NQ @ 1293.25 «« paper »»
[09:39] <@NihabaAshi> However, if the afternoon trading session is quiet...I hope it does cause good volatility to get things interesting.
[09:39] <+rickf> after yesterday and monday, no kidding .... horrible tape
[09:40] <+kosmipt> Long ES @ 817.75 «« simulator »»
[09:41] <@NihabaAshi> Geeesh...another mass shooting...hope it's not related to the deterioating economy
[09:42] <+rickf> where?
[09:42] <+kosmipt> Long ES @ 818 -> Add «« simulator »»
[09:42] <+rickf> WashPost already speculating the economy is to blame for recent events
[09:43] <@NihabaAshi> rickf @ http://news.bbc.co.uk/2/hi/americas/7989151.stm
[09:43] <+rickf> http://www.washingtonpost.com/wp-dyn/co ... sec-nation
[09:43] <+rickf> sheesh
[09:43] <+rickf> kos - nice entry; i was looking at 816.50 myself
[09:44] <+Reno> Covered all NQ Short @ 1295 --> - 1.75 «« paper »»
[09:44] <+kosmipt> Exited 1/2 ES Long @ 820 --> + 2 «« simulator »»
[09:44] <@NihabaAshi> Long ES @ 820.00 -> medium size
[09:44] <+kosmipt> thanks
[09:44] <@NihabaAshi> 4 only
[09:44] <@NihabaAshi> too early (aggressive) on that entry
[09:44] <@NihabaAshi> should'uv waited for a better entry price on the pullback
[09:44] <+kosmipt> strong resistance here - weekly pivot + daily pivot
[09:46] <+rickf> szup werner
[09:46] <@NihabaAshi> Exited all ES Long @ 820.50 --> + 0.5
[09:46] <szubaark> hi werner
[09:47] <werner> hi szu rickf,all
[09:49] <+Reno> Shorts NQ @ 1296.50 «« paper »»
[09:50] <skeet> Shorts ES @ 820.00
[09:51] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @ viewforum.php?f=20
[09:51] <+rickf> long es 819
[09:53] <+skeet> Covered all ES Short @ 818.50 --> + 1.5
[09:53] <+Reno> Covered all NQ Short @ 1294.50 --> + 2 «« paper »»
[09:54] <+kosmipt> Exited Remainder ES Long @ 818.75 --> + 1 «« simulator »»
[09:55] <+rickf> exit AUD/JPY @ 71.19 + 51 pips
[09:55] <+Reno> Long NQ @ 1295.25 «« paper »»
[09:56] <+szubaark> Buys ES @ 818.50 «« paper »»
[10:00] <+Reno> Exited all NQ Long @ 1294 --> - 1.25 «« paper »»
[10:00] <+szubaark> Exited all Long ES at 817 --> - 1.5 «« paper »»
[10:01] <+rickf> long es 817 (add)
[10:02] <+Reno> Long NQ @ 1294.50 «« paper »»
[10:03] <+rickf> exit es 818.25 +.25
[10:03] <drt> ib data problems here
[10:03] <+rickf> 10AM trade news spooked me - i didn't look @ the clock
[10:04] <+szubaark> yea nice shakeout they did there
[10:04] <+Reno> Exited all NQ Long @ 1292.50 --> - 2 «« paper »»
[10:05] <+rickf> that was a :"hope that uptrend continues, prettyplease let me get out at b/e before you reverse" lol
[10:08] <+Reno> Long NQ @ 1291 «« paper »»
[10:09] <+szubaark> Exited all Long ES at 815.50 --> - 3 «« paper »»
[10:09] <+codehead> long 2c ES 815.75 <paper>
[10:09] <+codehead> symmetry try
[10:09] <pdays> Shorts ES @ 816.75
[10:10] <+codehead> exit +.5 ES <paper>
[10:10] <+rickf> short es 816.25 1c
[10:10] <+pdays> Covered all ES Short @ 816.25 --> + 0.5
[10:10] <+codehead> hm... 815 is better...
[10:10] <+rickf> yeah i jumped a bit
[10:10] <@NihabaAshi> Long ES @ 815.75 -> small size
[10:10] <@NihabaAshi> 3 only
[10:11] <+codehead> under that... 810.5-811.5 is the first good long i think
[10:11] <+Reno> Exited all NQ Long @ 1289 --> - 2 «« paper »»
[10:12] <+szubaark> Buys ES @ 816.50 «« paper »»
[10:12] <+rickf> exit es 815.75 +.50
[10:12] <@NihabaAshi> Exited all ES Long @ 816.00 --> + 0.25
[10:13] <+Reno> Shorts NQ @ 1289.25 «« paper »»
[10:14] <+Reno> Covered all NQ Short @ 1291.25 --> - 2 «« paper »»
[10:14] <+rickf> grr blinked and missed my entry
[10:15] <+szubaark> yea dont blink or go to the bathroom today
[10:15] <+Reno> Shorts NQ @ 1292.25 «« paper »»
[10:15] <+werner> Long NQ @ 1292.75
[10:19] <+werner> Exited 1/2 NQ Long @ 1289.50 --> - 3.25
[10:19] <+szubaark> Exited all Long ES at 814.75 --> - 1.75 «« paper »»
[10:19] <+Reno> Covered all NQ Short @ 1287.75 --> + 4.5 «« paper »»
[10:21] <+szubaark> Shorts ES @ 814.50 «« paper »»
[10:21] <+szubaark> Longs not working
[10:23] <+rickf> long es 813.50
[10:23] <+Reno> Long NQ @ 1283.25 «« paper »»
[10:24] <+rickf> exit 814 +.50
[10:26] <+Reno> Exited all NQ Long @ 1283.25 --> 0 «« paper »»
[10:27] <+codehead> long ES 811.75 <paper>
[10:27] <+codehead> 2 pt stop
[10:28] <+Reno> Long NQ @ 1281.75 «« paper »»
[10:28] <+Reno> Exited all NQ Long @ 1279.75 --> - 2 «« paper »»
[10:29] <+Reno> done for day, good luck all
[10:29] * Reno is now known as Reno-Away
[10:29] <+kosmipt> Long ES @ 812.25 «« simulator »»
[10:32] <+kosmipt> OIL #
[10:32] <+kosmipt> Exited all ES Long @ 813 --> + 0.75 «« simulator »»
[10:32] <+kosmipt> done for the morning and probaly day
[10:33] <+codehead> exit half ES +1.5 <paper>
[10:37] <+codehead> oil moving up on inventory
[10:41] <+codehead> exit +.5 remainder <paper>
[10:42] <+codehead> although potential for low--line in sand 810.5
[10:42] <+codehead> at least staying above 810
[10:46] <+szubaark> i got too greedy on my Short, might have to sit thru a frikin retrace here
[10:49] <+rickf> sheesh first it was stewart-v-cramer, now it's roubini-v-cramer and vice-versa
[11:12] <@NihabaAshi> Shorts ES @ 816.75 -> small size
[11:12] <@NihabaAshi> 3 only
[11:15] <+szubaark> straight down now straight UP..tough to read this
[11:17] <+szubaark> hoping it comes back to my entry so i can get out breakeven
[11:18] <@NihabaAshi> Shorts ES @ 817.50 -> Add
[11:18] <@NihabaAshi> 1 add
[11:21] <@NihabaAshi> Covered all ES Short @ 817.75 --> - 1.25
[11:22] <+pat255> man what a boost from the low ...
[11:23] <@NihabaAshi> Long ES @ 817.50 -> medium size
[11:24] <@NihabaAshi> 4 only
[11:25] <+szubaark> Covered all Short ES at 818 --> - 3.5 «« paper »»
[11:25] <+szubaark>
[11:25] <+szubaark> Buys ES @ 818 «« paper »»
[11:26] <+szubaark> Go!!!!
[11:26] <@NihabaAshi> Exited all ES Long @ 818.50 --> + 1
[11:27] <+szubaark> Exited all Long ES at 818 --> 0 «« paper »»
[11:27] <+szubaark> Shorts ES @ 818 «« paper »»
[11:27] <+szubaark> tricky tricky
[11:30] <+skeet> Shorts ES @ 817.00
[11:37] <+szubaark> Covered all Short ES at 818 --> 0 «« paper »»
[11:37] <+szubaark> Buys ES @ 818 «« paper »»
[11:39] <+szubaark> ((((
[11:39] <+skeet> Covered all ES Short @ 818.50 --> - 1.5
[11:39] <+szubaark> wow..what a frikin day.. dont blink!
[11:42] <+szubaark> Exited all Long ES at 819 --> + 1 «« paper »»
[11:42] <+szubaark> SCARY price action
[11:54] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @ viewforum.php?f=20
[11:58] <+rickf> gonna go run errands during midday doldrums - maybe we get some action after FOMC minutes at 1400
[11:58] <+skeet> Shorts ES @ 820.00
[11:58] <+rickf> back in a bit
[11:58] <+szubaark> Shorts ES @ 819.50 «« paper »»
[12:02] <+skeet> Covered all ES Short @ 818.00 --> + 2
[12:04] <+szubaark> Covered all Short ES at 819 --> + 0.5 «« paper »»
[12:56] <+codehead> 825-826.5 is target area
[12:56] <+szubaark> yup...
[13:10] <@NihabaAshi> Oil rising strong today
[13:11] <@NihabaAshi> Long ES @ 823.25 -> small size
[13:11] <@NihabaAshi> 1 only
[13:18] <+codehead> 09:57 codehead: 825-826.5 is target area
[13:19] <+codehead> 825.25 high was .500 retracement, recent market high to low (848.0-802.25)
[13:19] <+codehead> exact
[13:19] <tomosyn57> Shorts SSO @ 21.30
[13:19] <@NihabaAshi> Exited ES Long @ 822.25 --> - 1
[13:19] <@NihabaAshi> Reverse and Enter Short ES @ 822.25
[13:23] <jbuch> afternoon everyone
[13:24] <+tomosyn57> Covered all SSO Short @ 21.32 --> - 0.02
[13:25] <@NihabaAshi> Covered ES Short @ 822.75 --> - 0.5
[13:26] <+szubaark> Buys ES @ 823.25 «« paper »»
[13:27] <+rickf> back
[13:27] <+szubaark> hi jb,rick
[13:29] <+jbuch> hey szu how goes tha battle today
[13:29] <+szubaark> down .. another tough day in saltmine
[13:30] <+jbuch> Long SPY @ 82.7
[13:33] <+szubaark> lots Resistance above
[13:33] <+jbuch> Exited 1/2 SPY Long @ 82.8 --> + 0.1
[13:36] <+jbuch> Exited Remainder SPY Long @ 82.75 --> + 0.05
[13:37] <@NihabaAshi> Shorts ES @ 822.25 -> small size
[13:37] <@NihabaAshi> 3 only
[13:38] <+tomosyn57> Shorts SSO @ 21.26
[13:40] <+codehead> 821.0 is symmetry
[13:41] <+tomosyn57> Covered 1/2 SSO Short @ 21.24 --> + 0.02
[13:42] <@NihabaAshi> Covered all ES Short @ 821.75 --> + 0.5
[13:42] <@NihabaAshi>
[13:44] <+tomosyn57> Covered Remainder SSO Short @ 21.26 --> 0
[13:44] <+jbuch> Long SPY @ 82.57
[13:45] <+jbuch> Exited all SPY Long @ 82.64 --> + 0.07
[13:51] <+jbuch> Long SPY @ 82.62
[13:54] <+jbuch> Exited all SPY Long @ 82.59 --> - 0.03
[13:55] <+skeet> Shorts ES @ 821.50
[13:58] <+jbuch> Long SPY @ 82.56
[13:59] <+skeet> Covered all ES Short @ 821.50 --> 0
[14:00] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @ viewforum.php?f=20
[14:00] <+jbuch> Exited 1/2 SPY Long @ 82.62 --> + 0.06
[14:01] <+jbuch> Exited Remainder SPY Long @ 82.57 --> + 0.01
[14:03] * Forex2stay is now known as Forex2stay_Away
[14:04] <+skeet> Shorts ES @ 819.75
[14:06] <+skeet> Covered all ES Short @ 818.50 --> + 1.25
[14:14] <+jbuch> Long SPY @ 82.25
[14:14] <+szubaark> 818 .50% retrace of daily range
[14:16] <+jbuch> Exited all SPY Long @ 85.26 --> + 3.01
[14:16] <+codehead> 816.5 needs to hold
[14:17] <+codehead> at least within a couple of ticks
[14:17] <+szubaark> what a difficult day, trends changing back and forth hard to even watch this
[14:18] <+codehead> my only two orders: firt was to go long, 1 tick under lod, second was short 1 tick under hod
[14:18] <+szubaark> u have to be super human to keep up
[14:18] <+codehead> so obviously i only filled the second order, didn't hold on nearly long enough
[14:19] <+codehead> 816.5 is two fibs
[14:19] <+codehead> that's why it's pausing here
[14:19] <+rickf> long es 817
[14:19] <+codehead> very obvious place to try
[14:24] <+szubaark> still keeps going lower
[14:27] <+szubaark> opening low Support here..no clue why
[14:30] <+codehead> ok, it dented the level by 3 ticks only--2 max would have been ideal, but clear we have buyers there
[14:31] <+szubaark> 2:30 still early for them to make their move
[14:31] <+szubaark> probobly chop to death here until then
[14:32] <+codehead> hm, inverted ghost 3 min szu
[14:33] <+rickf> exit 817.75 +.75
[14:33] <+rickf> taking too long
[14:33] <+szubaark> ok so they stopped at .61% FIB here
[14:36] <+codehead> yes .618 fib, is also .382 of overnight range (802.25 overnight low to 825.25 hod)
[14:36] <+codehead> so, dual--those are better
[14:36] <+codehead> three the best
[14:36] <+codehead> three of anything, then you get eggroll
[14:37] <+szubaark> yea still playing around here
[14:42] <+rickf> eggroll some new cci formation? *g*
[14:43] <+szubaark> keeps testing, re-testing,testing, re-testing this .61 Level
[14:43] <+szubaark> getting dizzy watching it
[14:57] <+rickf> long es 815 1c
[14:58] <+codehead> 813.75 is .500 overnight range
[14:58] <+codehead> 811.0 is .618
[14:58] <+codehead> and lod reg session of course
[14:58] <+codehead> so retest
[14:59] <+szubaark> could bounce here good
[14:59] <+szubaark> all Stops they wanted got cleaned out
[14:59] <+codehead> i'm too excited to trade, opening up my new Mac Pro 8 processor...
[15:01] <+rickf> ooooh Mac Pro
[15:01] <+rickf> *drool*
[15:01] <+rickf> *hugs his iMac and MB Pro*
[15:02] <+rickf> out 815 50 +/50
[15:02] <+rickf> + .50
[15:03] <+szubaark> exit stop set ES @ 813.25 «« paper »»
[15:04] <+szubaark> Exited all Long ES at 813.25 --> - 10 «« paper »»
[15:05] <+szubaark> oppss..held too long
[15:09] <+szubaark> Buys ES @ 813.75 «« paper »»
[15:12] <+szubaark> crap..huge down day
[15:12] <+rickf>
[15:12] <+szubaark> coudnt keep up with these fast changing trends
[15:15] <+werner> Shorts NQ @ 1288.75
[15:17] <+werner> Covered all NQ Short @ 1288.75 --> 0
[15:19] <+werner> Shorts NQ @ 1290.00
[15:23] <@NihabaAshi> Shorts ES @ 814.75 -> small size
[15:23] <@NihabaAshi> 1 only
[15:23] <@NihabaAshi> 1 point stop and will post late trade result if stop is hit.
[15:23] <@NihabaAshi> Be back in about 15mins
[15:23] * NihabaAshi is now known as NihabaAshi_away
[15:25] <+werner> Covered all NQ Short @ 1292.00 --> - 2
[15:25] <+werner> pffffffffff
[15:28] <+werner> i think i better take a drink:(((...
[15:31] <+werner> a johnny walker
[15:32] <+werner> whisky
[15:32] <+werner> jam jam
[15:39] <+szubaark> Exited all Long ES at 817.50 --> + 3.75 «« paper »»
[15:39] <+werner> nice
[15:40] <+szubaark> tahnx..still down over $500 tough frikin day
[15:40] <+werner>
[15:41] * NihabaAshi_away is now known as NihabaAshi
[15:41] <@NihabaAshi> late trade post
[15:42] <@NihabaAshi> Trailing Stop Hit ES @ 679.50 --> + 135.25
[15:42] <@NihabaAshi> ooops
[15:42] <@NihabaAshi> Covered ES Short @ 815.75 --> - 1
[15:44] <@NihabaAshi> Long ES @ 819.25 -> small size
[15:44] <@NihabaAshi> 2 only
[15:45] <+rickf> i hve to reboot .... so i'm calling it quits
[15:45] <+rickf> have a good evening see y'all tomorrow
[15:46] <+szubaark> this is amazing, ive never seen so many trend swings in one day
[15:46] <@NihabaAshi> Exited all ES Long @ 820.50 --> + 1.25
[15:47] <@NihabaAshi> that was a trade error
[15:47] <@NihabaAshi> got lucky
[15:49] <@NihabaAshi> Shorts ES @ 819.00 -> small size
[15:49] <@NihabaAshi> 1 only
[15:50] <+werner> Shorts NQ @ 1295.25
[15:50] <@NihabaAshi> Covered ES Short @ 819.50 --> - 0.5
[15:50] <@NihabaAshi> Reverse and Enter Long ES @ 819.50
[15:50] <+tomosyn57> Long SSO @ 21.18
[15:51] <+werner> Covered all NQ Short @ 1297.50 --> - 2.25
[15:51] <+szubaark> Buys ES @ 821 «« paper »»
[15:51] <+werner> gn all
[15:51] <@NihabaAshi> Exited ES Long @ 820.00 --> + 0.5
[15:52] <+tomosyn57> Exited all SSO Long @ 21.15 --> - 0.03
[15:55] <+szubaark> Exited all Long ES at 818 --> - 3 «« paper »»
[15:57] <@NihabaAshi> Long ES @ 820.75 -> small size
[15:57] <@NihabaAshi> 2 only
[15:59] <+szubaark> uh huh
[16:00] <@NihabaAshi> Exited all ES Long @ 821.50 --> + 0.75
[16:03] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @ viewforum.php?f=20
[16:05] <+szubaark> Exited all Long ES at 821.25 --> + 0.25 «« paper »»
[16:23] <@NihabaAshi> Take care all and see all tomorrow
Session Close: Wed Apr 08 16:23:59 2009