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Posted by M.A. Perry
Trader and Founder of WRB Analysis (wide range body analysis)
------------------------
Session Start: Fri Oct 30 09:27:06 2009
Session Ident: #futurestrades
[09:27] * Now talking in #futurestrades
[09:27] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:27] <rickf>
[09:29] <+rickf> long /6C from 92.67 ... swing trade going to hold for a while
[09:30] <+Nesi> 92.67?
[09:30] <+Nesi> what instrument is that
[09:30] <drt>
[09:30] <+rickf> canadian dollar
[09:31] <+Nesi> oh
[09:32] <+Nesi> At 2:00AM on Sunday, November 1, clocks will turn back one hour.
[09:34] <TraderG> news @ 9:45 & 9:55
[09:35] <@wrbtrader> Shorts ES @ 1057.25 -> large size
[09:35] <@wrbtrader> 9 only
[09:35] <@wrbtrader> Covered all ES Short @ 1058.00 --> - 0.75
[09:36] <@wrbtrader> Shorts ES @ 1058.25 -> large size
[09:36] <@wrbtrader> 9 only
[09:38] <+rickf> rough open
[09:39] <@wrbtrader> Covered all ES Short @ 1057.50 --> + 0.75
[09:39] <+Nesi> chop already showing its face
[09:39] <+TraderG> Long ES @ 1057.5 «« simulator »»
[09:40] <+drt> s es 58
[09:40] <@wrbtrader> Shorts ES @ 1056.75 -> large size
[09:40] <@wrbtrader> 6 only
[09:40] <@wrbtrader> intuition in reaction to prior trade
[09:40] <+rickf> staying flat for now ... dont like this pa
[09:40] <+TraderG> Exited all ES Long @ 1056.25 --> - 1.25 «« simulator »»
[09:40] <+Nesi> feels like 1052 1054 area again.. will be fun...
[09:42] <@wrbtrader> Covered 2/3 ES Short @ 1054.50 --> + 2.25
[09:42] <+drt> cl es 58
[09:42] <@wrbtrader> Covered Remainder ES Short @ 1056.50 --> + 0.25
[09:42] <+rickf> nice exit wrbtrader
[09:43] <jbuch> Long ES @ 1058
[09:43] <pat255> wow vn N
[09:43] <+rickf> chicago pmi numbers leaked?
[09:43] <@wrbtrader> Yeah but I'm too slow to catch the Long side
[09:43] <+Nesi> wow
[09:43] <+jbuch> Exited all ES Long @ 1060.25 --> + 2.25
[09:43] <+rickf> pmi @ 0945 cons sentiment 0955
[09:44] <+Nesi> numbers out?
[09:44] <+rickf> maybe leaked?
[09:44] <+Nesi> lotsa jumping
[09:44] <@wrbtrader> I had a great plan to exit my Short before the numbers and be ready for the next trade...could get ready for the next trade.
[09:45] <+jbuch> wow going crazy
[09:45] <@wrbtrader> rickf...price reaction to the PMI is around 0942am - 0943am
[09:45] <@wrbtrader> Usually.
[09:45] <+TraderG> pmi 54.2
[09:45] <+TraderG> expected 48.8
[09:45] <+rickf> that woudl explain the spike up then
[09:46] <+jbuch> Long ES @ 1060
[09:46] <+TraderG> more news in 9 min
[09:46] <@wrbtrader> Shorts ES @ 1060.00 -> large size
[09:46] <+rickf> still flat
[09:46] <@wrbtrader> 6 only
[09:46] <@wrbtrader> It's moving fast still
[09:47] <+jbuch> Exited all ES Long @ 1058.5 --> - 1.5
[09:47] <@wrbtrader> got the trails in just in case it pops again
[09:47] <+jbuch> easy come easygo
[09:48] <+Nesi> like sell the news
[09:49] <@wrbtrader> volatility now declining steadily
[09:49] <@wrbtrader> should see one more volatility spike in reaction to the PMI
[09:51] <pdays> Consumer Sentiment in 4 min
[09:51] <@wrbtrader> volatility dead now...now expecting a volatility spike here soon
[09:51] <@wrbtrader> trail tighten
[09:53] <@wrbtrader> * volatility spike *
[09:54] <@wrbtrader> weak support area for Emini ES ($ES_F)
[09:55] <@wrbtrader> geeesh...just got some crazy price quotes
[09:56] <+TraderG> Long ES @ 1054.5 «« simulator »»
[09:57] <+TraderG> Exited 1/3 ES Long @ 1055.5 --> + 1 «« simulator »»
[09:58] <+Nesi> numbers out?
[09:58] <+Nesi> quote es...please
[09:59] <@wrbtrader> crazy quote now @ 1054.25
[09:59] <+Nesi> thxx
[10:00] <+Nesi> Covered all ES Short @ 1056.00 --> + 9.25
[10:00] <+pat255> vn
[10:00] <+Nesi> held all night :/
[10:00] <+jbuch> nice
[10:00] <@wrbtrader>
[10:00] <+TraderG> Exited 1/3 ES Long @ 1056.5 --> + 2 «« simulator »»
[10:01] <+Nesi> could not
.. wont do it again[10:01] <+Nesi> incredible stress
[10:01] <+jbuch> oh wow uheld from yesterday
[10:02] <+jbuch> I bet u had a couple of contracts to right
[10:02] <+TraderG> Exited Remainder ES Long @ 1057.5 --> + 3 «« simulator »»
[10:02] <@wrbtrader> Covered all ES Short @ 1057.00 --> + 3
[10:02] <@wrbtrader> It's that main reason why I only swing trade a few times per year...too stressful for me.
[10:03] <+rickf> ouch
[10:03] <+Nesi> i had 4 jb
[10:04] <+jbuch> oh man
[10:05] <+jbuch> awesome hold this am
[10:05] <+Nesi> even i had a profit.. i feel it was not worth it
[10:05] <+Nesi> incredible stress all night long
[10:05] <+jbuch> u must have been freaking with that pop.
[10:05] <+Nesi> u wont believe it
[10:06] <+Nesi> up down up up down..
[10:06] <+Nesi> i had no control at all
[10:06] <+Nesi> back to one contract and two max
[10:07] <+jbuch> the markets r random in natureat least on theshort term
[10:07] <+jbuch> a lot to be said for just giving ur entry some room
[10:08] <@wrbtrader> Just got a Short signal but I will need more help from Oil and Gold to prompt me to short because there's a good chance for a short squeeze if Oil and Gold don't help push it downside
[10:08] <+Nesi> it was revenge trading
[10:08] <+rickf> those times i swing trade overnight i go 1 or 2 only; that way if something happens i can consier just exiting if totally wrong, or perhaps doubling-into a situation if i was just early, and then exit if still wrong.
[10:09] <+rickf> still dont
well until i am profitable and have a b/e stop on, though [10:09] <+Nesi> even when i am green and put a hard stop for a profit.. i keep looking every 15 min all night long
[10:09] <+Nesi> no more
[10:10] <@wrbtrader> Shorts ES @ 1057.75 -> medium size
[10:10] <@wrbtrader> 4 only
[10:10] <@wrbtrader> Nesi...have you tried using Audio Alerts
[10:10] <@wrbtrader>
[10:10] <+rickf> plus when swing trading i use bigger timeframes (hour/day) so a small size trade means a greater comfort in accepting moves against me ... not the same trading tolerance as intraday
[10:10] <werner>
all[10:10] <+Nesi> well...yes.. i have audio alerts.. but regardless.. i have to watch.. like an adicction
[10:10] <+rickf> hi werner
[10:10] <@wrbtrader> ahhh...ok
[10:11] <+jbuch> I don't even think about them
[10:11] <+werner> hi rickf
[10:11] <+Nesi> i am neutral now
[10:11] <+Nesi> dont see a direcction
[10:11] <+rickf> me neither
[10:11] <+jbuch> I don't even think about a swing trade
[10:12] <@wrbtrader> Gold helping but Oil is taking its sweet time
[10:12] <+jbuch> oops thought that i deleted it the first time i wrote that.
[10:12] <@wrbtrader> Oil finally decieded to help too
[10:13] <+Nesi> dollar day high, euro day low
[10:14] <+jbuch> but i wouldn't even consider doing an es trade and would probably stress out the entire time
[10:14] <@wrbtrader> Covered all ES Short @ 1056.75 --> + 1
[10:14] <+Nesi> i think you reached your goal for today.. wrbtrader
[10:15] <@wrbtrader> Yes and only because my trails have been protecting my profits
[10:15] <+Nesi> about 1k profit
[10:16] <+Nesi> dollar gaining momo
[10:16] <+Nesi> Shorts ES @ 1055.00
[10:16] <+Nesi> 1 c
[10:17] <@wrbtrader> geeesh...it rolled over fast...too fast
[10:18] <@wrbtrader> Long ES @ 1056.25 -> small size
[10:19] <@wrbtrader> 3 only
[10:19] <+rickf> short es 1056.25
[10:20] <@wrbtrader> Exited all ES Long @ 1055.75 --> - 0.5
[10:20] <@wrbtrader> That's the 2nd trade today where I was at a instant loss of 2 - 3 upon entry...the other one was my first trade of the day.
[10:21] <+jbuch> Long ES @ 1055.5
[10:21] <@wrbtrader> Long ES @ 1055.50 -> medium size
[10:21] <@wrbtrader> 4 only
[10:22] <+Nesi> dollar another high.. euro another new low
[10:23] <@wrbtrader> Exited all ES Long @ 1054.75 --> - 0.75
[10:23] <+rickf> exit es 1054 +2.25
[10:23] <@wrbtrader> Shorts ES @ 1054.25 -> large size
[10:23] <@wrbtrader> 6 only
[10:24] <@wrbtrader> volatility increasing
[10:24] <+Nesi> again, resistance in this area
[10:24] <+Nesi> 1052 1054
[10:24] <@wrbtrader> It's a support area
[10:24] <+Nesi> or you can call it support
[10:24] <+Nesi> yup
[10:24] <+Nesi> my mistake
[10:25] <+Nesi> Consumer spending fell for the first time in five months as the government auto incentive faded. The 0.5 percent decline was in line with expectations.
[10:25] <+Nesi> http://www.nytimes.com/2009/10/31/busin ... ss&emc=rss
[10:25] <@wrbtrader> Covered all ES Short @ 1055.00 --> - 0.75
[10:26] <@wrbtrader> Long ES @ 1055.25 -> large size
[10:26] <@wrbtrader> 9 only
[10:27] <+Nesi> euro making new lows again
[10:27] <@wrbtrader> Exited all ES Long @ 1054.50 --> - 0.75
[10:28] <@wrbtrader> back inside that support area
[10:29] <@wrbtrader> Long ES @ 1054.75 -> large size
[10:29] <@wrbtrader> 9 only
[10:29] <@wrbtrader> super fast prints again
[10:30] <@wrbtrader> charts about 2 ticks behind broker quotes
[10:30] <@wrbtrader> Exited all ES Long @ 1054.50 --> - 0.25
[10:31] <@wrbtrader> Shorts ES @ 1054.00 -> large size
[10:31] <+Nesi> BIG support so far
[10:31] <@wrbtrader> 9 only
[10:32] <+Nesi> if we drill this we may get a bigger trend
[10:32] <@wrbtrader> Other key markets below support
[10:32] <@wrbtrader> Lets see if Emini ES follows
[10:32] <+Nesi> finally
[10:32] <@wrbtrader> it's trying
[10:33] <+Nesi> 1052 1054 key area..imho
[10:33] <@wrbtrader> tighten trail
[10:33] <+jbuch> Exited all ES Long @ 1054.5 --> - 1
[10:34] <@wrbtrader> Covered all ES Short @ 1053.25 --> + 0.75
[10:34] <+Nesi> Covered all ES Short @ 1053.25 --> + 1.75
[10:34] <+jbuch> late entry got distracted
[10:35] <+Nesi> dollar strongie
[10:36] <@wrbtrader> Shorts ES @ 1052.25 -> large size
[10:36] <+Nesi> Shorts ES @ 1052.25
[10:36] <+Nesi> 1
[10:36] <@wrbtrader> 6 only
[10:36] <@wrbtrader> Covered all ES Short @ 1052.50 --> - 0.25
[10:37] <@wrbtrader> too fast for me or I have some crazy quotes
[10:37] <+jbuch> Long ES @ 1052.5
[10:37] <@wrbtrader> Long ES @ 1052.75 -> large size
[10:37] <@wrbtrader> 6 only
[10:38] <@wrbtrader> Exited all ES Long @ 1052.75 --> 0
[10:38] <@wrbtrader> 3 tick different now between broker quotes and charts
[10:38] <@wrbtrader>
[10:39] <+Nesi> Covered all ES Short @ 1053.50 --> - 1.25
[10:39] <@wrbtrader> Long ES @ 1053.25 -> large size
[10:39] <@wrbtrader> 6 only
[10:39] <+rickf> wow .. was 1 tick away from a short entry
[10:40] <+Nesi> what a zone here
[10:40] <+Nesi> 1052 1054
[10:40] <@wrbtrader> Exited all ES Long @ 1053.50 --> + 0.25
[10:40] <@wrbtrader> not getting anywhere on the recent trades
[10:41] <+Nesi> Shorts ES @ 1052.50
[10:41] <+Nesi> 1
[10:44] <+Nesi> Covered all ES Short @ 1054.25 --> - 1.75
[10:44] <@wrbtrader> The last 15 mins has been a big battle in that support area while Oil and Gold have traded backupwards into their prior support area.
[10:44] <+rickf> fugly tape today
[10:45] <@wrbtrader> Long ES @ 1054.25 -> large size
[10:45] <@wrbtrader> 9 only
[10:46] <+rickf> back later ... gym and errands. dont like this tape anyway right now
[10:47] <+jbuch> Exited all ES Long @ 1055 --> + 2.5
[10:47] <@wrbtrader> Exited all ES Long @ 1054.75 --> + 0.5
[10:48] <+jbuch> had my exit at 1055.75 hit it like 3 times but no fill
[10:49] <+Nesi> Shorts ES @ 1054.00
[10:49] <+Nesi> 1
[10:49] <@wrbtrader> Yeah...feels like "Beat Me" @ http://www.youtube.com/watch?v=gJh23m6uWhQ
[10:52] <+Nesi> back to the "zone"
[10:53] <+Nesi> Covered ES Short @ 1055.00 --> - 1
[10:53] <+Nesi> Reverse and Enter Long ES @ 1055.00
[10:53] <+Nesi> 1
[10:55] <+Nesi> Exited all ES Long @ 1054.50 --> - 0.5
[10:58] <+jbuch> Long ES @ 1054.5
[10:58] <@wrbtrader> Long ES @ 1055.75 -> large size
[10:59] <@wrbtrader> 6 only
[10:59] <@wrbtrader> Got support from other key markets but can it hold
[10:59] <+jbuch> Exited all ES Long @ 1055.75 --> + 1.25
[11:00] <+pat255> vn guys ...@office today
[11:01] <@wrbtrader> Exited all ES Long @ 1054.75 --> - 1
[11:02] <@wrbtrader> Long ES @ 1055.25 -> large size
[11:02] <@wrbtrader> 6 only
[11:02] <@wrbtrader> same trade as prior but at a better price
[11:04] <+jbuch> Long ES @ 1055
[11:05] <@wrbtrader> Exited all ES Long @ 1055.25 --> 0
[11:08] <@wrbtrader> Long ES @ 1054.75 -> large size
[11:08] <@wrbtrader> same trade
[11:08] <+Nesi> back to the zone
[11:08] <@wrbtrader> Exited all ES Long @ 1054.50 --> - 0.25
[11:08] <@wrbtrader> Yep...it can't stay away
[11:09] <+Nesi> Shorts ES @ 1053.25
[11:09] <+Nesi> 1
[11:09] <+jbuch> Exited all ES Long @ 1054.25 --> - 0.75
[11:09] <@wrbtrader> Shorts ES @ 1053.50 -> large size
[11:10] <@wrbtrader> 6 only
[11:11] <@wrbtrader> time for lunch
[11:12] <@wrbtrader> Covered all ES Short @ 1053.50 --> 0
[11:12] <@wrbtrader> be back later
[11:12] * wrbtrader is now known as wrbtrader_away
[11:12] <+Nesi> Shorts ES @ 1052.75 -> Add
[11:12] <+Nesi> 2 total
[11:14] <+Nesi> we are right in the middle of the zone
[11:15] <+Nesi> dollar again..another new high
[11:15] <+Nesi> euro losing it
[11:17] <+Nesi> ouch euro
[11:30] <@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.
[11:36] <+Nesi> finally
[11:51] <+pat255> vn nesi
[11:52] <+Nesi> Covered all ES Short @ 1045.50 --> + 15
[11:52] <+Nesi> wowze
[11:52] <+pat255> vvn
[11:52] <+pat255> wtg
[11:52] <+Nesi> that was some trip
[11:52] <+Nesi> thx
[11:53] * wrbtrader_away is now known as wrbtrader
[11:53] <@wrbtrader> You got to be kidding...this thing dropped as soon as I left
[11:54] <+Nesi> Long ES @ 1044.00
[11:54] <+Nesi> 1
[11:54] <+Nesi> Exited all ES Long @ 1044.75 --> + 0.75
[11:55] <+Nesi> darn emotions
[11:55] <+Nesi> i felt so stupid yesterday and now i feel like king of the world
[11:55] <+Nesi> like i know everything
[11:56] <@wrbtrader> Long ES @ 1030.00 -> large size
[11:56] <@wrbtrader> 6 only
[11:56] <+Nesi> Long ES @ 1043.00
[11:56] <+Nesi> 1
[11:57] <+Nesi> bit of support in this area so far
[11:57] <@wrbtrader> Exited all ES Long @ 1042.75 --> + 12.75
[11:57] <+Nesi> rubber band trade here forme
[11:57] <@wrbtrader> Long ES @ 1043.00 -> large size
[11:58] <@wrbtrader> 6 only
[11:58] <@wrbtrader> same trade as prior...exit prior via error
[11:58] <+Nesi> Exited all ES Long @ 1043.50 --> + 0.5
[11:58] <@wrbtrader> correction -0.25 on prior trade
[12:00] <@wrbtrader> Exited all ES Long @ 1045.00 --> + 2
[12:02] <+jbuch> having a Halloween bash on sat night if any one is around Albuquerque ur invited
[12:03] <+jbuch> Shorts ES @ 1045.25
[12:08] <@wrbtrader> Long ES @ 1045.75 -> medium size
[12:08] <@wrbtrader> 4 only
[12:09] <+jbuch> Covered all ES Short @ 1046.25 --> - 1
[12:10] <@wrbtrader> Exited all ES Long @ 1047.75 --> + 2
[12:11] <@wrbtrader> I'm now happy after missing that big down movement while away at lunch.
[12:11] <+Nesi> you again almost back to you tgt, wrbtrader
[12:11] <+jbuch> Shorts ES @ 1047.5
[12:12] <@wrbtrader> Yes...around $1500 with commission I think (profit loss screen is minimize so I can't see it).
[12:13] <+Nesi> you probably have 750 bucks in comish...
[12:13] <+Nesi> as u can see i am following you
[12:14] <+pat255> trid 1 S ...-1
[12:14] <+pat255> entry is so critical
[12:15] <@wrbtrader> Yeah...probably around there...profit to commish ratio starts improving usually in the afternoon trading session as my position size decreases while my profit level per trade increases
[12:15] <+jbuch> Covered all ES Short @ 1045.5 --> + 2
[12:15] <@wrbtrader> Last trade via 4 contract with 2 points per is an example
[12:15] <+Nesi> i see you got your tgt then u gave it back and now almost at tgt again
[12:15] <+pat255> man never give es more tha 1.25
[12:16] <@wrbtrader> Need a few hundred more
[12:16] <@wrbtrader> 4 - 5 points I think
[12:16] <+Nesi> yup
[12:17] <+pat255> geez ned to be quick with loss ..
[12:18] <@wrbtrader> Shorts ES @ 1044.75 -> small size
[12:18] <@wrbtrader> 3 only
[12:20] <+pat255> jb entry was just roght ..
[12:21] <@wrbtrader> someone (key market) is providing a little support and I don't know whom it is
[12:21] <@wrbtrader> I see it now...Gold
[12:21] <@wrbtrader> Covered all ES Short @ 1045.00 --> - 0.25
[12:21] <+jbuch> thanks took a couple of times but figured it would test the low.
[12:23] <+Nesi> sorry for question wrbtrader, but if you see gold going lower it means for you ES goes up?
[12:24] <+pat255> think it folows gold
[12:24] <@wrbtrader> Shorts ES @ 1044.00 -> medium size
[12:24] <+Nesi> so gold goes lower and es probably goes lower
[12:24] <@wrbtrader> 4 only
[12:24] <@wrbtrader> intuition in reaction to prior trade
[12:25] <@wrbtrader> If I see Gold going lower or up...it's not a trade signal.
[12:25] <@wrbtrader> It's a position size management for me IF I'm in a trade...
[12:25] <+Nesi> thanks
[12:25] <@wrbtrader> Lower Gold as it is doing now tells me to HOLD my Short a little longer
[12:25] <+Nesi> thanks
[12:26] <+Nesi> getting nasty
[12:26] <@wrbtrader> Covered 3/4 ES Short @ 1041.75 --> + 2.25
[12:26] <+Nesi> you in the money..wrbtrader
[12:27] <@wrbtrader> That gets me my target for the day...
[12:27] <@wrbtrader> Just need to keep it now
[12:27] <+Nesi> yup
[12:27] <+Nesi> you gave it back earlier
[12:28] <@wrbtrader> AT another support area now
[12:29] <@wrbtrader> Covered Remainder ES Short @ 1038.00 --> + 6
[12:29] <+Nesi> Long ES @ 1038.75
[12:29] <+Nesi> 1
[12:30] <@wrbtrader> Another back to back trend day...
[12:30] <+Nesi> Exited all ES Long @ 1039.75 --> + 1
[12:31] <@wrbtrader> Crazy price action the last 3 days.
[12:31] <+Nesi> good volatility tho
[12:31] <+Nesi> cant complain
[12:31] <@wrbtrader> Down - Up - Down
[12:33] <@wrbtrader> Glad I came back from lunch early...thanks to the spouse not being here this afternoon.
[12:33] <+Nesi> Long ES @ 1039.25
[12:33] <+Nesi> 1
[12:34] <+Nesi> Exited all ES Long @ 1038.25 --> - 1
[12:34] <@wrbtrader> Nesi...I have 2 unposted trades...both losers during the fast morning price action around the PMI...
[12:34] <@wrbtrader> -0.25 each
[12:34] <+Nesi> ok, thanks
[12:39] <@wrbtrader> Forex Currency trades by others @ http://www.stocktwits.com/streams/forex
[12:39] <@wrbtrader> meant trades and commentary
[12:48] <@wrbtrader> Anybody else got a weird price spike upwards in the Eurex DAX around 1230pm est...just saw it when I reviewed the chart.
[12:49] <@wrbtrader> Shorts ES @ 1037.00 -> small size
[12:49] <@wrbtrader> 1 only
[12:50] <@wrbtrader> What the heck is going on
[12:50] <@wrbtrader> We're smashing through support levels like a hot knife in butter.
[12:52] <@wrbtrader> Covered ES Short @ 1035.00 --> + 2
[12:54] <@wrbtrader> So far after 10am est it's been kill the counter-thrusts
[13:05] <@wrbtrader> Reading MarketWatch.com "Euro-zone Oct. inflation remains negative" @ http://www.marketwatch.com/story/euro-z ... 2009-10-30
[13:06] <@wrbtrader> Emini ES has failed to retrace every key prior volatility spike area since 10am est....
[13:06] <@wrbtrader> We're currently near a prior volatility spike area.
[13:08] <+Nesi> Long ES @ 1038.00
[13:08] <+Nesi> 1
[13:11] <+Nesi> Exited all ES Long @ 1038.75 --> + 0.75
[13:14] <@wrbtrader> fast price movement again
[13:14] <@wrbtrader> Shorts ES @ 1037.75 -> small size
[13:14] <@wrbtrader> 2 only
[13:15] <+Nesi> CIT halted
[13:17] <@wrbtrader> Covered all ES Short @ 1037.50 --> + 0.25
[13:17] <@wrbtrader> geeesh
[13:18] <@wrbtrader> Shorts ES @ 1037.25 -> small size
[13:18] <@wrbtrader> 3 only
[13:18] <@wrbtrader> same as prior trade
[13:19] <+Nesi> 13:18ET DJ *CIT Enters Into Restructuring Plan Support Agreement With Carl Icahn And Obtains Incremental $1 B Committed Line Of Credit From Icahn Cap LP
[13:19] <@wrbtrader> Covered all ES Short @ 1037.00 --> + 0.25
[13:19] <+Nesi> Long ES @ 1037.25
[13:19] <+Nesi> 1
[13:20] <@wrbtrader> sideline...having a little problem reading this price action eventhough I'm bearish in this price area
[13:21] <@wrbtrader> Shorts ES @ 1036.25 -> small size
[13:21] <@wrbtrader> 1 only
[13:22] <+Nesi> Exited all ES Long @ 1036.00 --> - 1.25
[13:23] <@wrbtrader> Covered ES Short @ 1035.50 --> + 0.75
[13:23] <@wrbtrader>
[13:24] <@wrbtrader> Got my secondary profit goal that I didn't think I had a chance to reach today but I'm not happy with my last few trade results.
[13:24] <+Nesi> Long ES @ 1035.50
[13:24] <+Nesi> 1
[13:25] <@wrbtrader> Didn't have the discipline to keep that first Short around 1314pm
[13:25] <@wrbtrader> I even had help from a declining Gold and Oil Index but I still exited early
[13:27] <+Nesi> Exited all ES Long @ 1035.50 --> 0
[13:27] <@wrbtrader> This morning I had a string of 5 consecutive losing trades and now this afternoon I just completed a string of 5 consecutive winners.
[13:27] <@wrbtrader> I guess it all averages out
[13:27] <+Nesi> Long ES @ 1036.00
[13:27] <+Nesi> 1
[13:28] <+Nesi> market is crazy last few days..
[13:28] <+Nesi> up big down big
[13:28] <+Nesi> so i expect a bounce
[13:29] <+Nesi> Long ES @ 1035.50 -> Add
[13:29] <+Nesi> 2 total
[13:31] <@wrbtrader> Emini ES testing a new support area
[13:32] <+Nesi> Exited all ES Long @ 1034.50 --> - 2.5
[13:33] <@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.
[13:34] <+Nesi> Long ES @ 1031.25
[13:35] <@wrbtrader> It sliced through another support zone
[13:49] <+Nesi> Exited all ES Long @ 1036.50 --> + 5.25
[13:53] <@wrbtrader>
[13:54] <+Nesi>
[13:55] <+Nesi> now i will wait
[14:01] <+jbuch> beauty Nesi
[14:14] <+Nesi> Shorts ES @ 1039.25
[14:14] <+Nesi> 1
[14:15] <+Nesi> Covered all ES Short @ 1038.25 --> + 1
[14:19] <@wrbtrader> Long ES @ 1038.00 -> small size
[14:19] <@wrbtrader> 3 only
[14:23] <@wrbtrader> Exited all ES Long @ 1037.00 --> - 1
[14:25] <@wrbtrader> Long ES @ 1036.50 -> medium size
[14:25] <@wrbtrader> 4 only
[14:25] <@wrbtrader> come on volatility...show up
[14:27] <@wrbtrader> Exited all ES Long @ 1036.00 --> - 0.5
[14:27] <@wrbtrader> Long ES @ 1036.00 -> large size
[14:28] <@wrbtrader> 6 only
[14:28] <@wrbtrader> come on
[14:29] <@wrbtrader> Key markets are supporting this Long but Emini ES not responding well to it.
[14:30] <@wrbtrader> Exited all ES Long @ 1036.00 --> 0
[14:31] <+Nesi> Shorts ES @ 1035.75
[14:31] <+Nesi> 1
[14:31] <@wrbtrader> gave it a lot of breathing room.
[14:31] <+Nesi> Covered all ES Short @ 1035.50 --> + 0.25
[14:32] <@wrbtrader> tough area for a short
[14:32] <+Nesi> Long ES @ 1036.00
[14:33] <@wrbtrader> Long ES @ 1035.75 -> large size
[14:33] <@wrbtrader> 6 only
[14:33] <+Nesi> me one only
[14:34] <+Nesi> Exited all ES Long @ 1035.00 --> - 1
[14:35] <+Nesi> Long ES @ 1035.25
[14:35] <+Nesi> 1
[14:35] <+Nesi> hoping i got better price
[14:36] <@wrbtrader> Exited all ES Long @ 1034.75 --> - 1
[14:36] <+Nesi> Exited all ES Long @ 1034.00 --> - 1.25
[14:36] <@wrbtrader> now it drops...no reversal
[14:36] <@wrbtrader>
[14:36] <+Nesi> nop
[14:36] <@wrbtrader> Shorts ES @ 1033.00 -> large size
[14:37] <@wrbtrader> 9 only
[14:38] <+Nesi> Long ES @ 1033.50
[14:38] <+Nesi> 2
[14:38] <@wrbtrader> Covered all ES Short @ 1034.00 --> - 1
[14:39] <@wrbtrader> That sucks...
[14:39] <@wrbtrader> had a short in my sight and it wouldn't fill...
[14:39] <+Nesi> exit stop set ES @ 1033.50
[14:39] <@wrbtrader> decided to go Long because of that
[14:40] <codehead> long NQ 1068.50 <paper>
[14:41] <+Nesi> exit stop set ES @ 1033.75
[14:41] <@wrbtrader> Only ended up trading a stop runner
[14:42] <@wrbtrader> right back at my original profit target
[14:42] <@wrbtrader> Long signal now but no volatility to push it higher
[14:42] <+Nesi> Exited all ES Long @ 1033.75 --> + 0.25
[14:43] <+Nesi> Long ES @ 1034.00
[14:43] <+Nesi> 2
[14:44] <@wrbtrader> Long ES @ 1034.25 -> large size
[14:44] <+jbuch> Long ES @ 1034
[14:44] <+Nesi> trying one more time
[14:44] <@wrbtrader> 9 only
[14:44] <+Nesi> 1032.50 probably my stop hard
[14:45] <+Nesi> exit stop set ES @ 1032.50
[14:46] <+werner> Long NQ @ 1668.75
[14:46] <+Nesi> exit stop set ES @ 1033.25
[14:47] <@wrbtrader> still no volatility...just chop
[14:47] <+Nesi> exit stop moved to breakeven ES @ 1034.00
[14:48] <@wrbtrader> * volatility spike *
[14:48] <+rickf> sheesh took me an hour to get home from grocery store, stupid utilities
[14:48] <+werner> yep
[14:48] <+rickf> first time i've called a trade into my broker -- closed some long calls on the VIX I bought the other day when it was around 22
[14:49] <+codehead> exit half NQ +2.50 <paper>
[14:49] <+jbuch> Exited all ES Long @ 1035.25 --> + 1.25
[14:49] <+Nesi> Exited all ES Long @ 1034.00 --> 0
[14:49] <+werner> Long NQ @ 1669.00 -> Add
[14:50] <@wrbtrader> Exited all ES Long @ 1034.25 --> 0
[14:50] <+Nesi> Shorts ES @ 1033.25
[14:51] <+Nesi> Covered ES Short @ 1034.25 --> - 1
[14:51] <+Nesi> Reverse and Enter Long ES @ 1034.25
[14:51] <+Nesi> 2
[14:52] <@wrbtrader> choppy
[14:52] <+werner> brrr
[14:52] <+Nesi> Long ES @ 1034.75 -> Add
[14:52] <+Nesi> 3 total
[14:53] <@wrbtrader> Long ES @ 1034.50 -> large size
[14:53] <@wrbtrader> 9 only
[14:53] <+rickf> grrr picked wrong day to run errands, sure were some nice entries
[14:54] <+Nesi> exit stop set ES @ 1034.50
[14:54] <+jbuch> yeah beautiful day
[14:54] <+Nesi> breakeven
[14:54] <@wrbtrader> Exited all ES Long @ 1036.00 --> + 1.5
[14:54] <@wrbtrader> got the best of that WRB volatility spike
[14:55] <+rickf> that inside day yesterday was kind of a portent i think
[14:55] <@wrbtrader> prior Long exit was mismanage...thought I had moved my trail to +0.5 and it was still sitting at breakeven
[14:55] <+rickf> CNBC was hysterical in the truck ... fawning over how we're "point such-and-such from being lower for the month" you'd htink the sky was falling
[14:56] <+Nesi> exit stop set ES @ 1034.75
[14:56] <+Nesi> just to cover comish
[14:56] <+jbuch> yeasterday they r screaming buy today sell
[14:57] <+jbuch> they r always upside down and pulling newbie moves.
[14:57] <+rickf> short es 1035.50
[14:58] <+Nesi> Exited all ES Long @ 1034.75 --> + 0.5
[14:59] <+codehead> exit NQ remainder +3.50 <paper>
[15:00] <@wrbtrader> Shorts ES @ 1035.50 -> small size
[15:00] <@wrbtrader> 3 only
[15:00] <+rickf> out 34.50 +1
[15:01] <+rickf> still looking lower but happy with 1
[15:01] <@wrbtrader> Covered all ES Short @ 1034.00 --> + 1.5
[15:01] <+rickf> feels weak ... still
[15:02] <@wrbtrader> Here we are again...back in that 1033 price area where I got sucker punched on some size.
[15:03] <+Nesi> Long ES @ 1034.00
[15:03] <+Nesi> 1
[15:03] <@wrbtrader> Shorts ES @ 1033.50 -> medium size
[15:03] <@wrbtrader> 4 only
[15:03] <+Nesi> Exited all ES Long @ 1033.00 --> - 1
[15:04] <+Nesi> Long ES @ 1033.00
[15:04] <+Nesi> 1
[15:04] <+werner> Long NQ @ 1666.50 -> Add
[15:05] <+Nesi> Exited all ES Long @ 1032.00 --> - 1
[15:05] <+werner> Exited all NQ Long @ 1665.00 --> - 5.25
[15:05] <@wrbtrader> Covered all ES Short @ 1031.75 --> + 1.75
[15:06] <+Nesi> Long ES @ 1030.50
[15:06] <+Nesi> 1
[15:09] <@wrbtrader> Long ES @ 1030.75 -> small size
[15:09] <@wrbtrader> 3 only
[15:09] <@wrbtrader> discount sale going on right now
[15:09] <+rickf> 1029 on the SPX is my strong 'tell' that we may be upon the longawaited reversal if we dont climb back strongly above in the next day or two
[15:11] <@wrbtrader> Exited all ES Long @ 1032.00 --> + 1.25
[15:11] <@wrbtrader> I'm done for the day...way above my profit goal for the day.
[15:12] <@wrbtrader> Had a few bad losing streaks and good streaks...only because I was extremely aggressive today.
[15:12] <@wrbtrader> I keep a "ranking" of that and my average is 7.2
[15:12] <@wrbtrader> Today I was a 10
[15:12] <@wrbtrader> 10 on aggressive trading
[15:14] <@wrbtrader> October is my best trading month of the year and most likely it won't get any better because I start doing MORE family stuff in November and December along with taking more days off from the market.
[15:16] <@wrbtrader> However, today Emini ES was not my best trade of the day.
[15:18] <@wrbtrader> I gave my banker a large U.S. check when the exchange was 1.04 and told her to hold it until I called her....
[15:18] <@wrbtrader> I called her today to deposit it @ 1.08
[15:19] <@wrbtrader> save some good coin on that
[15:19] <@wrbtrader> Take care all and have a good weekend
[15:19] <@wrbtrader> Halloween Weekend
[15:20] <@wrbtrader>
[15:20] <+Nesi> thanks wrbtrader
[15:20] <+Nesi> good job
[15:20] <+Nesi> have a good one
[15:21] <+werner> Long NQ @ 1666.00
[15:22] <+werner> Long NQ @ 1668.00 -> Add
[15:27] <+Nesi> Exited all ES Long @ 1032.00 --> + 1.5
[15:29] <+werner> Long NQ @ 1666.00 -> Add
[15:29] <+Nesi> Shorts ES @ 1033.00
[15:29] <+Nesi> 1
[15:31] <+Nesi> Covered all ES Short @ 1034.50 --> - 1.5
[15:32] <+werner> Exited 2/3 NQ Long @ 1672.25 --> + 6.25
[15:33] <+Nesi> Shorts ES @ 1035.50
[15:33] <+Nesi> 1
[15:34] <+Nesi> Covered all ES Short @ 1036.50 --> - 1
[15:34] <+werner> Exited 1/3 NQ Long @ 1673.00 --> + 7
[15:34] <+Nesi> Long ES @ 1036.50
[15:36] <+jbuch> Shorts ES @ 1036.5
[15:36] <+werner> pfffff...good weekend all
[15:37] <+jbuch> wow great werner
[15:37] <+rickf> cya vn
[15:37] <+werner>
)[15:39] <+Nesi> Exited ES Long @ 1034.75 --> - 1.75
[15:39] <+Nesi> Reverse and Enter Short ES @ 1034.75
[15:39] <@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.
[15:39] <+Nesi> 3
[15:40] <+jbuch> Covered all ES Short @ 1035.5 --> + 1
[15:41] <+Nesi> Covered all ES Short @ 1037.25 --> - 2.5
[15:41] <+rickf> damn ... almost 3m eminis traded
[15:41] <+rickf> best trading day in ages and i mised most of it. Grrr, argh.
[15:41] <+jbuch> huge day
[15:42] <+jbuch> and we still have the close
[15:42] <+rickf> yah
[15:43] <+Nesi> Long ES @ 1037.50
[15:43] <+Nesi> 2
[15:43] <+rickf> have a nice short setup here but not willing to risk it today @ the close
[15:47] <+Nesi> Exited all ES Long @ 1036.00 --> - 1.5
[15:48] <+Nesi> Long ES @ 1037.50
[15:48] <+Nesi> 1
[15:48] <tomosyn57> Long SSO @ 33.20
[15:49] <+tomosyn57> Exited 1/2 SSO Long @ 33.25 --> + 0.05
[15:50] <+Nesi> Exited all ES Long @ 1036.75 --> - 0.75
[15:50] <+tomosyn57> Exited Remainder SSO Long @ 33.19 --> - 0.01
[16:02] <+rickf> ok guys have a good w/e
[16:02] <+rickf> see you next week
[16:02] <+Nesi> bye all, have a great weekend
-------------------------
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M.A. Perry
Trader and Founder of WRB Analysis (wide range body analysis)