##TheStrategyLab Price Action Chat Room Logs

Note: The chat log below represents the free chat room called #FuturesTrades . Also, any trader can use the chat room to post their trades regardless if they use indicators or price action only trading (no indicators). Simply, we do not know what trading methods are being used by some members even though TheStrategyLab.com fee-base resources are price action only trading (no indicators).

Our primary job in the free chat room is to moderate the room (keep the peace) when members using different trading methods are giving their market analysis while posting trades. 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 advertisments for guest visitors. More information about #FuturesTrades @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm

Further, 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 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.

Also, 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.

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

Session Start: Fri Jul 10 09:06:36 2009
Session Ident: #futurestrades
[09:06] * Now talking in #futurestrades
[09:06] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:14] <rickf> all
[09:23] <@NihabaAshi> Good morning all...I'm going to miss the morning trading action to go to the immigration office to get my new social security number.
[09:23] <@NihabaAshi> Talk to all later.
[09:23] * NihabaAshi is now known as NihabaAshi_away
[09:29] <drt> everyone
[09:30] <Awash> good morning all
[09:34] <+rickf> short es 874.25
[09:37] <+drt> s es 74.50
[09:42] <+rickf> short es 876.25 (add)
[09:43] <pdays> Shorts ES @ 876.25
[09:46] <+pdays> Covered all ES Short @ 876.0 --> + 0.25
[09:46] <+rickf> out 75.75 -.50 (late psot)
[09:55] <Awash> Shorts YM @ 8130
[09:56] <+Awash> big engulfing candle on ES
[09:56] <+rickf> what timeframe?
[09:56] <+Awash> 5 minute
[09:57] <+rickf> kinda hard to agree w/o that frame of reference
[09:57] <+Awash> agree
[09:57] <+rickf> k
[09:57] <+Awash> bearish engulfing, it looks ugly
[09:57] <TradeLancer> U of M consum confid dwn lower @ 9:55
[09:58] <+drt> cs es 74.75
[10:04] <+rickf> long es 876
[10:07] <Nesi> hello all
[10:07] <+Awash> howdy
[10:14] <+rickf> exit 877.25 +1.25
[10:24] <jbuch> geithner on
[10:24] <+Nesi> Shorts ES @ 877.50
[10:30] <+Nesi> Covered all ES Short @ 878.00 --> - 0.5
[10:31] <+jbuch> Shorts ES @ 878.25
[10:31] <+Nesi> Shorts ES @ 877.50
[10:32] <Awash> test
[10:32] <+Awash> some connection issues
[10:34] <+jbuch> Covered all ES Short @ 877 --> + 1.25
[10:35] <jigglyhippo> nice short
[10:35] <+jbuch> thanks
[10:37] <+rickf> nice quickie there
[10:38] <+jbuch> those r my favorites
[10:38] <+jbuch> although I prefer to make 4 points on them )
[10:38] <+jigglyhippo> or a +100
[10:39] <+jbuch> those r nice to
[10:39] <+jbuch> but don't want to get greedy
[10:40] <+jigglyhippo> lol
[10:40] <+jbuch> I am sure that nes will make 10 points of that same entry
[10:40] <+Awash> you won't go broke banking points
[10:40] <+Awash> nice trade
[10:40] <+jbuch> thanks
[10:41] <+Awash> wish me luck on my trade, i'm thinking we'll get to 8040 but i better take what i can get
[10:42] <+rickf> luck
[10:43] <+Awash> luck may not be the correct choice of word
[10:45] <+Awash> mini dow at intraday LOD
[10:46] <+Nesi> Covered all ES Short @ 875.00 --> + 2.5
[10:46] <+Awash> vn Nesi
[10:46] <+jbuch> financials have been making lower lows and highs all day as well
[10:49] <+Awash> Covered all YM Short @ 8080 --> + 50
[10:49] <+Awash> flat on all positions
[10:50] <+jbuch> beauty Awash
[10:51] <+Awash> danke shon
[10:51] <+Awash> thanks
[10:51] <+rickf> vvvn
[10:51] <+jbuch> bitte shon
[10:51] <+jbuch> I think thats how u spell it
[10:51] <+Awash> i only know two german words
[10:52] <+Awash> as for trading, i think we may go lower
[10:52] <+rickf> long es 876
[10:54] <+jbuch> at the up trend line of this wedge
[10:57] <+rickf> out 76.50 +50
[10:57] <+rickf> back in a bit
[11:01] <luffy>
[11:01] <@X> #FuturesTrades Info -> You must read #FuturesTrades purpose and benefits @ viewtopic.php?f=5&t=36 and TOU policy @ viewtopic.php?f=2&t=55 to prevent any misunderstandings.
[11:04] <+jbuch> even kudlow the perma bull has admited that we might be going down .
[11:05] <+jbuch> makes me kinda bullish
[11:07] <werner> Long NQ @ 1416.25
[11:16] <+werner> mmm ...must go now stops are in
[11:24] <+Nesi> Long ES @ 871.00
[11:25] <+Nesi> Exited all ES Long @ 870.00 --> - 1
[11:27] <+Nesi> Long ES @ 870.25
[11:29] <+Nesi> Exited all ES Long @ 869.50 --> - 0.75
[11:30] <+Nesi> Long ES @ 870.00
[11:32] <+Nesi> Exited all ES Long @ 869.00 --> - 1
[11:36] * codehead_afk is now known as codehead
[11:42] <+Nesi> Long ES @ 870.00
[11:42] <+jbuch> Long ES @ 870
[11:42] <+jigglyhippo> Long ES @ 870
[11:42] <+jigglyhippo> lol
[11:43] <+jigglyhippo> this thing better go up
[11:43] <+jbuch> )
[11:44] <+jbuch> Exited all ES Long @ 870 --> 0
[11:58] <+werner> back
[11:58] <+werner> Exited all NQ Long @ 1413.25 --> - 3
[11:58] <+werner> late...
[12:04] <+jigglyhippo> Exited all ES Long @ 871.50
[12:05] <+jigglyhippo> --> + 1.50
[12:06] <+jbuch> nice patience jh
[12:07] <+jigglyhippo> thanks
[12:11] <+jbuch> Shorts ES @ 872.5
[12:16] <kosmipt> tst
[12:20] <+jbuch> Covered all ES Short @ 873.25 --> - 0.75
[12:23] <+jbuch> Shorts ES @ 872.75
[12:36] <+jbuch> Covered all ES Short @ 872.25 --> + 0.5
[12:42] <+Nesi> Exited all ES Long @ 874.00 --> + 4
[12:42] <+jbuch> vvn nesi
[12:42] <+werner> Shorts NQ @ 1415.00
[12:44] <+codehead> short 2x ES 874.25 <paper>
[12:45] <+codehead> 1 pt stop
[12:46] <+codehead> because oil is popping pretty quick...
[12:46] <+codehead> 875.5 stop
[12:46] <Awash> Shorts YM @ 8084
[12:48] <+codehead> exit ES -1.00 <paper>
[12:50] <+codehead> short ES 1c 875.00 <paper> stop 878.00, target 873.00
[12:50] <+codehead> mechanical trade
[12:55] <+jigglyhippo> Shorts ES @ 874.50
[12:55] <+jigglyhippo> weak though
[12:56] <+rickf> back
[12:57] <+rickf> too nice a day to be inside .... if you said it would be july 10 and i'd be eating lunch outside in the sun, i'd say you were nuts
[13:01] <+rickf> short es 874.59
[13:02] <+rickf> 874.50
[13:04] <@X> #FuturesTrades Info -> You must read #FuturesTrades purpose and benefits @ viewtopic.php?f=5&t=36 and TOU policy @ viewtopic.php?f=2&t=55 to prevent any misunderstandings.
[13:05] <+codehead> lower stop to 876.25--will be busy for a bit, don't want to watch it (paper trade)
[13:08] <+werner> stops are in ...
[13:13] <+jbuch> Shorts ES @ 874
[13:15] <+jigglyhippo> Covered all ES Short @ 874.50 --> + 0
[13:18] <+jbuch> Covered ES Short @ 875. --> - 1
[13:18] <+jbuch> Reverse and Enter Long ES @ 875.
[13:18] <+jigglyhippo> great reverse
[13:18] <+jigglyhippo> i think this goes
[13:18] <+jigglyhippo> i missed it
[13:18] <+jigglyhippo> trying for 875 if it comes back
[13:18] <+Awash> hopefully we stall here
[13:19] <+Awash> maybe double top at 875.75 area
[13:21] <+jigglyhippo> i took order out
[13:21] <+jigglyhippo> not sure whats going to happen
[13:21] <+jbuch> Exited ES Long @ 874,75 --> + 874,75 - 875.
[13:21] <+jbuch> Reverse and Enter Short ES @ 874,75
[13:22] <+Awash> well, currently we're stalling
[13:22] <+jbuch> getting chopped
[13:24] <+rickf> \exit es 874.25 +.25
[13:24] <+rickf> bleh
[13:25] <+rickf> now it will tank
[13:33] <+rickf> long TF 477.20 paper
[13:37] <+codehead> exit ES +1.25 <paper> (notice time limit on this trade expired)
[13:40] <+jbuch> Covered all ES Short @ 874 --> + 874,75 - 874
[13:40] <+jbuch> Shorts ES @ 874.5
[13:44] <+jbuch> Covered all ES Short @ 876 --> - 1.5
[13:45] <+rickf> exit TF 478.80 +1.6 paper
[13:45] <+rickf> i am starting to like the TF
[13:45] <+codehead> short ES 2c 876.50 <paper> stop 879.50, target 874.50 <paper>
[13:47] <+jbuch> Shorts ES @ 876.25
[13:50] <+codehead> exit half +1.00 ES <paper>
[13:50] <+codehead> stop remainder b/e
[13:50] <+jbuch> Covered 1/2 ES Short @ 877.5 --> - 1.25
[13:51] <+jbuch> oops
[13:51] <+jbuch> Covered 1/2 ES Short @ 875.5 --> + 0.75
[13:52] <+Awash> Covered all YM Short @ 8085 --> - 1
[13:54] <+codehead> exit ES +.50 <paper> remainder
[13:55] <+werner> back
[13:55] <+werner> djeez
[13:55] <+werner> Covered all NQ Short @ 1417.25 --> - 2.25
[13:56] <+werner> im a done:(((
[13:56] <+werner> have a good wk all
[13:56] <+jigglyhippo> you too werner
[13:56] * NihabaAshi_away is now known as NihabaAshi
[13:56] <+jbuch> u to werner
[13:56] <+Nesi> take care
[13:57] <+werner> tx all
[14:03] <+Nesi> Shorts ES @ 874.75
[14:10] <@NihabaAshi> Shorts TF @ 477.50 -> small size
[14:10] <@NihabaAshi> 2 only
[14:11] <+jbuch> could this go down any slower
[14:14] <@NihabaAshi> Covered all TF Short @ 477.40 --> + 0.1
[14:14] <@NihabaAshi> lost 4 ticks due to greed
[14:14] <@NihabaAshi> has a profit target at 477.00
[14:15] <@NihabaAshi> should'vu taken it
[14:17] <+jbuch> Covered all ES Short @ 873.75 --> + 2.5
[14:17] <+Nesi> good one
[14:17] <+jigglyhippo> nice
[14:18] <+jbuch> maybe just a dead cat bounce here
[14:20] <+Nesi> Covered ES Short @ 875.25 --> - 0.5
[14:20] <+Nesi> Reverse and Enter Long ES @ 875.25
[14:21] <+jbuch> Covered all ES Short @ 874.75 --> + 1.5
[14:21] <+jbuch> worn out
[14:23] <+Nesi> Exited all ES Long @ 874.50 --> - 0.75
[14:24] <+Nesi> Shorts ES @ 873.75
[14:24] <+Nesi> Shorts ES @ 873.00 -> Add
[14:25] <+jbuch> Shorts ES @ 874
[14:25] <+jbuch> Covered all ES Short @ 873 --> + 1
[14:25] <+jbuch> was kinda gripped on that 1
[14:25] <+jbuch> didn't no where to put my stop
[14:26] <+codehead> ES top so far was .500 *exact*, yesterday high to lod
[14:26] <+rickf> out with a profit is good way to be out
[14:27] <+jbuch>
[14:28] <+rickf> weird trading week
[14:30] <+rickf> long TF 477.50
[14:31] <+rickf> paper
[14:31] <+rickf> sheesh 5 tick skips on the price
[14:34] <+jbuch> thats the problem with tf
[14:36] <+rickf> it behaves well but that skippness is un nerving
[14:36] <+rickf> still i've done better paper trading it this week than on the es
[14:38] <+rickf> the b/a bounces all over but the actual price seems to trend well
[14:41] <+rickf> out tf 477.60 +.10 paper
[14:41] <+jbuch> Shorts ES @ 873.5
[14:47] <+jbuch> Covered all ES Short @ 873 --> + 0.5
[14:48] <+jbuch> Long ES @ 873.25
[14:52] <+jbuch> Exited all ES Long @ 874 --> + 0.75
[14:55] <+jbuch> Shorts ES @ 873.5
[15:04] <+Nesi> Shorts ES @ 872.50 -> Add
[15:06] <+jbuch> Covered ES Short @ 873.5 --> 0
[15:06] <+jbuch> Reverse and Enter Long ES @ 873.5
[15:06] <+jigglyhippo> weird pa
[15:07] <+jigglyhippo> high frequency reversals...
[15:10] <@X> #FuturesTrades Info -> You must read #FuturesTrades purpose and benefits @ viewtopic.php?f=5&t=36 and TOU policy @ viewtopic.php?f=2&t=55 to prevent any misunderstandings.
[15:13] <TradeLancer> July 4th week, friday pm session, swinging back & forth, no directions, super scalp
[15:14] <Awash> taking off early guys
[15:14] <+Awash> happy trading the remainder of session
[15:15] <+Nesi> Covered all ES Short @ 874.00 --> - 1.75
[15:16] <+jbuch> Exited 1/2 ES Long @ 874.75 --> + 1.25
[15:21] <+jbuch> Exited all ES Long @ 874.75 --> + 1.25
[15:21] <+jbuch> that was a lot of work and stress for that
[15:24] <+jbuch> Shorts ES @ 873.75
[15:24] <+Nesi> Shorts ES @ 873.00
[15:29] <+jbuch> Covered 1/2 ES Short @ 873 --> + 0.75
[15:30] <+jbuch> jeez what a mess
[15:32] <+rickf> yah
[15:32] <+rickf> getting ugly
[15:32] <+rickf> i miss last summer
[15:37] <+jbuch> Covered all ES Short @ 873.25 --> + 0.5
[15:38] <+jbuch> Long ES @ 873.75
[15:41] <+jbuch> Exited all ES Long @ 874.25 --> + 0.5
[15:41] <+rickf> ugly
[15:42] <+jbuch> Shorts ES @ 874.5
[15:45] <+jbuch> Covered all ES Short @ 874.5 --> 0
[15:46] <+Nesi> Covered all ES Short @ 875.00 --> - 2
[15:46] <+Nesi> have a great weekend all
[15:47] <+jbuch> take car nesi
[15:49] <+rickf> cya
[16:00] <+rickf> ding
[16:01] <+rickf> have a good w/e all
[16:01] <+rickf> see you next week, hope the action is better
[16:01] <+rickf>
[16:01] <+rickf> later
[16:02] <+jbuch> have a good weekend
[17:01] <@NihabaAshi> Just got back...
[17:02] <@NihabaAshi> I did only one trade today amongst having two personal appointments and hanging out with the family all day outside in some great weather.
[17:02] <@NihabaAshi> Take care all and have a good weekend...see all on Monday.
Session Close: Fri Jul 10 17:02:54 2009

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