##TheStrategyLab Price Action Chat Room Logs

#FuturesTrades is free along with being a serious professional trading chat room and any trader can use the chat room to post their trades or commentaries involving futures, exchange traded funds or forex currencies.

This is not a signal calling chat room nor is the chat room designed to be educational. #FuturesTrades is designed to be a trade journal for documentation purposes only so that members can have a time stamp archive of trades and market commentaries of each trading day so that they can better understand their broker statements from one trade to the next trade when they review their performance numbers on any given trading day. Yet, you will see members providing useful trading tips that may or may not help with your trading.

Therefore, we welcome all traders with their own methods or different perspective of the markets as long as they do not violate our Terms of Use (TOU) Policy.

Thanks for reading the trades or market commentaries that's below and it's highly recommend you make reading of the logs a part of your trading routine because you will sometimes find useful trading tips not discussed anywhere else online nor in any books.

Posted by M.A. Perry
Trader and Founder of WRB Analysis (wide range body analysis)

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



Session Start: Mon Jan 25 09:20:28 2010
Session Ident: #FuturesTrades
[09:20] * Now talking in #FuturesTrades
[09:20] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:21] <Forex2stay> morning
[09:22] <+Forex2stay> EurUsd had only had a 64 pip range this morning, so rather small
[09:23] <rickf>
[09:23] <+rickf> dangerous week this week i think .... earnings, state of the union, fomc, political crap, bernanke vote
[09:24] <+Forex2stay> fun fun
[09:29] <drt> everyone
[09:30] <+rickf> ding
[09:33] <jbuch> morning all
[09:33] <@wrbtrader> Shorts TF @ 617.40 -> large size
[09:33] <@wrbtrader> 6 only
[09:34] * codehead_afk is now known as codehead
[09:35] <@wrbtrader> weak support developed
[09:36] <@wrbtrader> Covered all TF Short @ 618.00 --> - 0.6
[09:38] <@wrbtrader> Long TF @ 618.40 -> small size
[09:38] <@wrbtrader> 3 only
[09:39] <@wrbtrader> Exited all TF Long @ 618.10 --> - 0.3
[09:40] <@wrbtrader> Long TF @ 617.80 -> medium size
[09:40] <@wrbtrader> 4 only
[09:41] <+drt> l es 97
[09:44] <@wrbtrader> Exited all TF Long @ 618.50 --> + 0.7
[09:44] <+drt> cl es 98.50
[09:45] <@wrbtrader> I'm going to take a break here soon to do some personal stuff.
[09:45] <@wrbtrader> Shorts TF @ 617.30 -> small size
[09:45] <@wrbtrader> 3 only
[09:46] <+rickf> not seeing anything on the es or 6e that even looks remotely tradable yet.
[09:47] <@wrbtrader> FYI - Reminder, I'm expecting a range day today or lots of chop.
[09:47] <+Forex2stay> yeah Euro stuck in the mud
[09:47] <+rickf> i am trading/treading very cautiously this week .... market is on edge
[09:47] <@wrbtrader> It's the only reason why I schedule some personal stuff today instead of doing it the latter part of the week.
[09:48] <+jbuch> what a mess
[09:48] <pat255> good read N
[09:50] <+Forex2stay> Euro trying to BO of this small triangle
[09:50] <@wrbtrader> Covered all TF Short @ 617.70 --> - 0.4
[09:51] <TraderG> news @ 10
[09:51] <+jbuch> Long ES @ 1098.25
[09:51] <+pat255> N u have to be very quick on TF it can move fast
[09:54] <@wrbtrader> It's going to move faster here soon with that 10am est report
[09:54] <+pat255> y
[09:56] <@wrbtrader> increasing now from my second charts to minute charts
[09:57] <+jbuch> Exited all ES Long @ 1098 --> - 0.25
[09:57] <@wrbtrader> Shorts TF @ 617.50 -> small size
[09:57] <@wrbtrader> 3 only
[09:58] <+jbuch> what report?
[09:58] <TL> he makes the bet b4 the news!;>
[09:59] <+TraderG> exist home sales
[10:00] <@wrbtrader> Covered 2/3 TF Short @ 616.00 --> + 1.5
[10:00] <+jbuch> thanks
[10:00] <+TraderG> less than expected
[10:00] <+TL> bingo we have a winner nice
[10:01] <+rickf> geez the ES looks like major gaming this morning ... loooong wicks on these 5m candles
[10:01] <+TraderG> Mark had insider info )
[10:02] <+rickf> lol
[10:02] <@wrbtrader> Yes...it's called a trade signal
[10:02] <+TraderG> )))))))))))))))))))
[10:02] <@wrbtrader> I almost delayed my entry to try and get a better entry
[10:02] <+rickf> it was inside his chart
[10:02] <@wrbtrader> Covered Remainder TF Short @ 617.40 --> + 0.1
[10:02] <+TraderG> that's a keeper rickf
[10:03] <+rickf> heh
[10:03] <+jbuch> Long ES @ 1098.25
[10:03] <+TL> a nice scaling play, maybe you can give a an outline when your not business this week on the "trade signal"?
[10:03] <@wrbtrader> We got long shadows all over the place...making several small s/r levels within the price action
[10:04] <+rickf> as i said -- gaming and stop-running
[10:04] <@wrbtrader> Yep
[10:04] <+TraderG> the oracle of Toronto thinks that the market will fluctuate
[10:04] <@wrbtrader> Just got a bearish signal
[10:05] <+jbuch> Exited all ES Long @ 1096.75 --> - 1.5
[10:05] <@wrbtrader> Shorts TF @ 616.50 -> small size
[10:05] <@wrbtrader> 2 only
[10:06] <@wrbtrader> Gold and Oil getting weaker
[10:08] <+rickf> ugly ugly ... http://twitpic.com/zphxk
[10:08] <@wrbtrader> Covered all TF Short @ 615.00 --> + 1.5
[10:08] <@wrbtrader> got profitable but it too 6 trades to do it
[10:09] <@wrbtrader> be back later in a few hours...got a hot date with some tools at the local hardware store
[10:09] <+pat255> lol
[10:09] * wrbtrader is now known as wrbtrader_away
[10:10] <+rickf> home sales: 5.9 consensus 5.45 actual
[10:15] <+rickf> short 6e 1.4136
[10:24] <+jbuch> looking at the chart of existing home sales at forex factory. it is surpising that we are higher the few quarters then ever before.
[10:25] <+jbuch> maybe forclosures
[10:25] <+Forex2stay> maybe...and cheap interest rates
[10:28] <+jbuch> yeah but more than during the housing boom
[10:28] <+Forex2stay> true
[10:29] <+rickf> add 6e 1,4150
[10:29] <+rickf> target 1.4143 for exit
[10:30] <@X> #FuturesTrades Info -> No s, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended. More info about the chat room @ http://www.thestrategylab.com/ftchat/forum
[10:36] <+Forex2stay> Euro trying to get back above 1.4160
[10:37] <+Forex2stay> which was the last BO area for the run to 1.4194
[10:41] <+Forex2stay> buy stop to enter long EURUSD @ 1.4163
[10:42] <+Forex2stay> sorry that should be 1.4162
[10:45] <+Forex2stay> cancelled all open stop orders
[10:45] <+rickf> exit 6e 1.4143 b/e
[10:46] <+rickf> now it will drop but i'm out ... made horrible entry on that one
[10:48] <+Forex2stay> short signal but not enough room to LOD to move stop to BE so staying flat
[10:51] <+rickf> been papertrading divergences for a while now and figures the first one i do live (which is not part of my normal system) it goes against me.
[10:51] <+rickf> i'll keep that on paper .... i like trading with greater certainty. divergences are suggestions/hints
[10:52] <+rickf> back in a bit
[10:54] <+Forex2stay> my broker has a new trading platform that comes with a charting, so i set it up over the weekend and have the chart up along side NinjaTrader.
[10:55] <+Forex2stay> Even though i use my broker for price feed into NinjaTrader there is a difference.
[10:56] <+pat255> what broker forex?
[10:56] <+Forex2stay> MB Trading pat
[10:57] <+pat255> thks
[10:57] <+Forex2stay> yw
[10:57] <+Forex2stay> Euro looks like it want to coil up here...congesting
[11:00] <+Forex2stay> buy stop to enter long EURUSD @ 1.4162
[11:04] <+Forex2stay> Euro trying to form a small triangle here.
[11:05] <+Forex2stay> cancelled all open stop orders
[11:09] <+TL> that surparised me, i was looking for a long (like the 1-2-3/a-b-c @ 10:20) & then the bid & bottom feel out of the market, good patience on not entering early
[11:10] <+TL> feel = fell
[11:12] <+Forex2stay> buy stop to enter long EURUSD @ 1.4149
[11:14] <+TL> tf broke to new lows on that one
[11:14] <+jbuch> Obama is talking today does anyone know when
[11:14] <+TL> may be leading market dwon like start of last week
[11:15] <+Forex2stay> cancelled all open stop orders
[11:16] <+TL> break was confimed by the vix & add
[11:16] <+Forex2stay> not sure about Obama jb
[11:20] <+jbuch> no strength up or down today
[11:20] <+jbuch> N called it
[11:21] <+Forex2stay> same with Euro
[11:21] <+TL> now I see tf bounced off a low volume support point going back to pre-xmas, not seeing followthru of other emini/eu, vix & add, probably range bound day
[11:22] <+Forex2stay> if Euro stays in a tight range the rest of day I will trade Asian session tonight...Typically a large move occurs during the Asian session if Euro and US sessions are flat.
[11:26] <OICU812> GM
[11:26] <+jbuch> hey there oic
[11:28] <+OICU812> how goes it?
[11:29] <+jbuch> good negative so far todaybut the day is young
[11:29] <+jbuch> how about yourself
[11:29] <+OICU812> one trade, short from 98.00
[11:29] <+OICU812> still open
[11:30] <+jbuch> nice
[11:33] <codehead> YM relatively strong
[11:33] <+OICU812> thanks
[11:33] <+OICU812> we'll see how far it can go
[11:33] <+codehead> getting a short-term bullish divergence
[11:35] <+OICU812> longer term does not have much room up imho codehead
[11:35] <+codehead> true
[11:35] <+codehead> and that was very short term lol
[11:35] <+OICU812> lol
[11:37] <+codehead> extreme TICK
[11:39] <+codehead> MACD still divergent
[11:52] <+TL> these LOW volatility reversals are very difficult to initiate a trade, once the move starts it looks simple
[11:54] <+jbuch> broke a swing high and the trend line there
[11:54] <+jbuch> will look for a long if it retraces
[12:00] <+Forex2stay> just nasty price action on Euro
[12:01] <+jbuch> tested that tl from the top
[12:04] <+jbuch> like to see it test 93
[12:05] <+pat255> jb loking L side?
[12:09] <+jbuch> Long ES @ 1095.25
[12:10] <+jbuch> Exited all ES Long @ 1094.75 --> - 0.5
[12:11] <+jbuch> Long ES @ 1095.25
[12:15] <+TraderG> I just got back from a pleasure trip.
[12:15] <+TraderG> I took my mother-in-law to the airport.
[12:16] <+Forex2stay> lol
[12:17] <+jbuch> Exited all ES Long @ 1094.25 --> - 1
[12:17] <+TraderG> We always hold hands. If I let go she shops.
[12:17] <+jbuch> lol
[12:17] <+TraderG> that's it 4 now. lunch time
[12:20] <+jbuch> Long ES @ 1095.25
[12:20] <+jbuch> 1 more time
[12:21] <+jbuch> third time is the charm
[12:23] <+jbuch> come oon 96.25
[12:26] <+jbuch> Exited all ES Long @ 1096.5 --> + 1.25
[12:26] <+Forex2stay> that was a good read jb
[12:27] <+jbuch> managed it poorly ended up doing 6 on that last 1
[12:28] <+pat255> vn jb
[12:28] <+jbuch> it was lucky
[12:28] <+jbuch> but thanks
[12:28] <+Forex2stay> buy stop to enter long EURUSD @ 1.4156
[12:30] <+Forex2stay> cancelled all open stop orders
[12:33] <@X> #FuturesTrades Info -> No s, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended. More info about the chat room @ http://www.thestrategylab.com/ftchat/forum
[12:34] <+jbuch> bottom of the channel
[12:35] <+jbuch> to narrow to do anything though
[12:44] <+Forex2stay> really having to sit on my hands here to keep from trading this junk...actually more stressful than being in a trade.
[12:45] <+OICU812> i find it much easier to swing this markets
[12:45] <+OICU812> especially ES
[12:45] <+OICU812> not sure how forex is Forex2stay
[12:47] <+Forex2stay> OIC?? sorry don't understand your statement
[12:49] <+jbuch> Long ES @ 1096.75
[12:49] <+jbuch> 2 only
[12:51] <+jbuch> Exited all ES Long @ 1095.5 --> - 1.25
[12:51] <+jbuch> oops
[12:51] <+jbuch> Exited all ES Long @ 1095.5 --> - 1.25
[12:52] <+jbuch> 98 is the gate keeper
[12:53] <+jbuch> r u still short from there oic
[12:54] <+jbuch> man EUIS JUST 1 BIG TRIANGLE ON THE DAY
[12:54] <+jbuch> crap shoot
[12:56] <+jbuch> like to see what happens below 96
[12:57] <+rickf> back
[12:58] <+jbuch> WB
[13:00] <+rickf> jeez 6e is chop city
[13:00] <+jbuch> what isn't
[13:01] <+rickf> the es looks like a short, but since i just got back i dont have a feel for the tape just yet so not taking it
[13:03] <+jbuch> I am looking short below and long above
[13:03] <+jbuch> love to c a fake out
[13:04] <+codehead> oil popped new hod
[13:04] <+jbuch> a dip below 96 and then a move back above this range or visa versa
[13:05] <+rickf> short es 1096.50
[13:07] <+jbuch> have a nice
[13:08] <+jbuch> oops
[13:08] * wrbtrader_away is now known as wrbtrader
[13:08] <+jbuch> nice rickf
[13:08] <+rickf> exit es 1095.25 +1.25
[13:08] <+rickf> thx jb
[13:08] <+pat255> vn
[13:09] <+rickf> nice lil lunchtime trade
[13:11] <+rickf> prolly could have held but not being greedy mid-day
[13:15] <+rickf> 6e is looking like a coiling spring tho
[13:17] <+jbuch> maybe a rejection of that sonsolidation zone
[13:18] <+rickf> so i was watching a sci-fi series over the weekend, and a quote from one of its characters really hit home for me as a trader/investor --
[13:18] <+rickf> "The value of moving slowly is that one can always clearly see the way ahead."
[13:19] <+rickf> since moving to the 5m chart for the ES and 6E I have had better trades and been less panicky if it moves ahead of me. It is a slower timeframe from what i used previously and seems to be better for me
[13:19] <+jbuch> star wars the animated series ))
[13:19] <+rickf> aye
[13:19] <+jbuch> saw it to
[13:19] <+jbuch> we have officially labeled ourselves as nerds
[13:20] <+rickf> you be a nerd, i'll keep my geek moniker thankyouverymuch
[13:20] <+jbuch> )
[13:20] <+jbuch> decision time here
[13:25] <+rickf> carefully trade in this time, you must, JB.
[13:25] <+rickf> sorry, couldnt resist
[13:25] <+jbuch> Long ES @ 1097
[13:25] <+jbuch> lol
[13:25] <+jbuch> 1 only
[13:26] <+jbuch> 98.25 and it is all over for the bears.
[13:29] <+jbuch> Exited all ES Long @ 1096.25 --> - 0.75
[13:31] <+rickf> possibly
[13:42] <+jbuch> tough day
[13:46] <+rickf> yeah no kidding
[13:46] <+rickf> i'm not even looking at the eurofx anymore today
[13:47] <+jbuch> yeah that thing is crappy
[13:47] <+jbuch> today
[13:48] <+rickf> heeey that's my contract you're talking about!!! lol
[13:48] <+jbuch> )
[13:50] <+jbuch> tested both sides of the range and now back in the middle
[13:52] <+jbuch> total crap shoot.
[13:53] <+pat255> y
[13:53] <+pat255> no wonder N left
[13:53] <+rickf> lol
[13:54] <+jbuch> I am sure that at the end of the day I will be like o yeah it is so obvious.
[13:54] <+pat255> man trading Es is like pulling ahir
[13:56] <+rickf> "the only winning move is not to play"
[14:02] <+Forex2stay> think we need to get an online poker game going during dead times.
[14:04] <+jbuch> now ur talking forex
[14:05] <+Forex2stay> only to keep our mental game sharp of course
[14:05] * +rickf works for me
[14:05] <+OICU812> you play poker rick?
[14:05] <+jbuch> of course we would not want to be having fun during the work day.
[14:06] <+rickf> i've been known to over the years, yes...
[14:06] <+OICU812> ever gave in poker your profits from trading? id be pissed at myself
[14:06] <+OICU812> not much of a poker player
[14:06] <+rickf> noting fancy lol
[14:06] <+rickf> no way!
[14:08] <+jbuch> bracketed this thing long on top short on bot
[14:08] <+jbuch> 1 only
[14:09] <+OICU812> im long
[14:09] <+OICU812> and its taking a loooong time
[14:11] <+TraderG> the market is in suspended animation
[14:12] <+jbuch> Long ES @ 1096.5
[14:15] <+jbuch> lol
[14:16] <+jbuch> tightened stop
[14:16] <+jbuch> exit stop set ES @ 1095.75
[14:19] <+OICU812> welcome aboard jb
[14:19] <+jbuch> not quite the welcoming party that I was hoping for.
[14:20] <+jbuch> was hoping that we would hustle right on up to 98
[14:21] <+jbuch> maybe bounce around there for a lil bit and then head on up to 1100 )
[14:21] <+jbuch> but then I will be pissed because I only have 1.
[14:22] <+jbuch> where are u long fro oic
[14:23] <+jbuch> run on up there darling
[14:25] <AndyES> I think you have a good shot at 98
[14:25] <+jbuch> I said run not baby steps
[14:26] <+jbuch> vol kicking up a bit
[14:26] <+AndyES> some selling here
[14:27] <+AndyES> not big
[14:27] <+jbuch> yup
[14:28] <+jbuch> moved my stop to breakeven plus a tick
[14:28] <+AndyES> vn
[14:28] <+jbuch> wish I had 2 cause I would love to take 1 off here
[14:29] <+jbuch> come on 98.25
[14:30] <+jbuch> Exited all ES Long @ 1097 --> + 0.5
[14:31] <+TL> vix is pushing down so maybe break uop sson
[14:31] <+jbuch> bummer
[14:31] <+jbuch> hard with 1
[14:31] <+AndyES> yes
[14:32] <+AndyES> but still is ok
[14:32] <+AndyES> selling not large
[14:34] <+Forex2stay> any of you guys watch "Hope For Haiti" the other night?
[14:35] <+AndyES> nq still going up
[14:35] <+jbuch> Long ES @ 1097.5
[14:36] <+AndyES> selling here
[14:36] <+rickf> no
[14:36] <@X> #FuturesTrades Info -> No s, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended. More info about the chat room @ http://www.thestrategylab.com/ftchat/forum
[14:36] <+jbuch> Exited all ES Long @ 1097.25 --> - 0.25
[14:36] <+Forex2stay> Jennifer Hudson did a rendition of the Beatle's "Let it Be"
[14:36] <+rickf> short es 1097.25 1 only
[14:36] <+jbuch> flubbed that all up
[14:37] <+rickf> intuition
[14:38] <+jbuch> 98 is a rock wall.
[14:38] <+pat255> good entry rick
[14:39] <+rickf> thx
[14:39] <+TL> yeah nice rick
[14:40] <+AndyES> agree
[14:41] <+rickf> thx
[14:41] <+rickf> exit 1196.75 +.50
[14:42] <+rickf> was too slow to manage it on the drop
[14:42] <+jbuch> thesell offs seemm much more violent then these struggeling moves up
[14:42] <+rickf> yeah really
[14:44] <+TL> all the little pullbacks were quick but stopped around vwaps
[14:45] <+jbuch> yes
[14:46] <+OICU812> im still long and dont have a short till 95
[14:46] <+jbuch> and we keep pushing against that door
[14:46] <+AndyES> 2.25 es range last hour
[14:47] <+jbuch> yeah good times
[14:47] <+jbuch> were are u long from OIC
[14:47] <+OICU812> 92.25
[14:51] <+OICU812> been long a looong time
[14:51] <+jbuch> Long ES @ 1097.5
[14:51] <+jbuch> 1 only
[14:52] <+Forex2stay> Long EURUSD @ 1.4153
[14:53] <+rickf> here we go again ... 98 on the ES
[14:53] <+jbuch> lots ofvol
[14:54] <+jbuch> this will be tough here
[14:54] <OICU813> back sorry
[14:54] <+OICU813> as i was saying been long a loong time
[14:54] <+OICU813> 3.5 hours
[14:55] <+rickf> everyone hoping for a breakout to the upside
[14:55] <+rickf> we retraced this morning's drop down, so i'd not be surprised to see a drop in the final hour
[14:55] <+rickf> bull trap maybe
[15:00] <+Forex2stay> Euro bulls finished that bar strong...let see if they get some momentum here
[15:01] <+jbuch> Exited all ES Long @ 1099 --> + 1.5
[15:01] <+pat255> vn
[15:01] <+rickf> wow really ... 6e could get a lift
[15:01] <+rickf> nice jb
[15:02] <+jbuch> thanks
[15:02] <+AndyES> Shorts ES @ 1099 «« simulator »»
[15:02] <+rickf> for me the channel is too flat to take a trade on the eurofx
[15:03] <+jbuch> 100 will be tough
[15:04] <+Forex2stay> 1.4160 area still strong for Euro, a pop above could be a nice little run
[15:04] <+jbuch> nice entry OIC.
[15:04] <+rickf> last hour
[15:04] <+rickf> i'm thinking es lower
[15:06] <+OICU813> think its slow cause of fed on wed?
[15:06] <+OICU813> thanks jb
[15:06] <+rickf> fed, bernake hearings, politics in general, state of the union, earnings
[15:06] <+OICU813> was a little late but wanted to give room to the short side.
[15:06] <+rickf> really dangerous week for grey swan action i think
[15:14] <+AndyES> Covered 2/3 ES Short @ 1098 --> + 1 «« simulator »»
[15:16] <+AndyES> Covered Remainder ES Short @ 1097.5 --> + 1.5 «« simulator »»
[15:16] <+AndyES> time to go to gym
[15:16] <+Forex2stay> phone call...stops exits in place
[15:16] <+AndyES> cya all
[15:16] <+jbuch> cya
[15:27] <+jbuch> good dayto fade breakouts
[15:27] <Nesi> Shorts ES @ 1096.50
[15:33] <+OICU813> jb, did you check out the link i gave you?
[15:34] <+jbuch> no I just noticed it
[15:34] <+jbuch> didn't want to read anything that might cause me to form an opinion during the day
[15:37] <+Forex2stay> SL to BE
[15:38] <+jbuch> nice FX
[15:39] <+Forex2stay> ty...thought this thing would scream once it crossed 1.4160, but guess not
[15:40] <+Forex2stay> limit to close 1/2 at 1.4170
[15:40] <@wrbtrader> Shorts TF @ 617.40 -> small size
[15:40] <@wrbtrader> 2 only
[15:40] <+jbuch> I think no screaming allowed today
[15:41] <+rickf> calling it an early quits .... see y'all tomorrow
[15:41] <@wrbtrader> take care
[15:41] <+jbuch> cya
[15:41] <+Forex2stay> cya rick
[15:41] <+rickf> cya .... gluck and g'day to all and to all a good night
[15:41] <+jbuch> how can u leave this
[15:42] <+rickf> THIS?
[15:42] <+jbuch> it is soooo exciting
[15:42] <+rickf> should have left it 3 hours ago
[15:42] <+jbuch> same here
[15:42] <+rickf> not looking to trade it now .. my luck i'll bork it up
[15:43] <+rickf> later all
[15:45] <@wrbtrader> Covered all TF Short @ 615.70 --> + 1.7
[15:45] <+Forex2stay> nice wrbtrader
[15:45] <+jbuch> VN
[15:45] <@wrbtrader>
[15:45] <@wrbtrader> will be my only trade of the p.m. trading session
[15:46] <OICU812> been having net issues today
[15:47] <+Forex2stay> Exited all EURUSD Long @ 1.4156 --> + 0.0003
[15:48] <+jbuch> bummer but great patience
[15:49] <+Forex2stay> yeah..just no follow through...
[15:49] <MK> Long ES @ 1094.50 «« simulator »»
[15:50] <+jbuch> vol kicking in
[15:55] <+Nesi> Covered all ES Short @ 1093.75 --> + 2.75
[15:55] <+jbuch> nice nesi
[15:55] <+Nesi>
[15:56] <+Nesi> one trade today only
[15:56] <+pat255> vn
[15:56] <+jbuch> thats even better
[15:56] <+Forex2stay> vn Nesi
[15:56] <+jbuch> avoided this chop
[16:04] <+jbuch> well wasn't that a lot of fun.
[16:13] <+OICU812> well 3/3 today. patience was key
[16:13] <+OICU812> not sure if i should hold to the short
[16:13] <+OICU812> after hours
[16:13] <+TraderG> cover cover cover
[16:13] <+TraderG> just kidding
[16:14] <+TraderG> it will probably go down if u cover
[16:15] <+jbuch> were are u short from OIC
[16:21] <+jbuch> man just read that article OIC how depressing
[16:22] <+jbuch> http://theeconomiccollapseblog.com/arch ... to-recover
[16:22] <+jbuch> in case anyone wants to get depressed.
[16:23] <+pat255> well not going to be easy to recover
[16:23] <+pat255> any ceo will locate plants where the labor is cheap ..US cant compete
[16:24] <+pat255> this global stuff is terrible
[16:24] <+pat255> in china labor is $3-4 /day
[16:24] <+pat255> no benefits etc ..
[16:27] <+jbuch> no enviromental laws
[16:30] <+Forex2stay> watched the market all day and go home with a freakin 6 pips.
[16:31] <+Forex2stay> have a good one catch you all tomorrow
[16:35] <@wrbtrader> Take care all and see all tomorrow.
[16:35] * wrbtrader is now known as wrbtrader_away
[16:39] <@X> #FuturesTrades Info -> No s, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended. More info about the chat room @ http://www.thestrategylab.com/ftchat/forum
Session Close: Mon Jan 25 17:52:33 2010

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

#FuturesTrades is free and is a serious professional trading chat room in which any trader can use the chat room to post their trades or commentaries involving futures, exchange traded funds or forex currencies. Simply, you don't need to be a client of TheStrategyLab.com to use the chat room nor do you need to be a price action only trader (no indicators) because some members use indicators while others do not.

Therefore, we welcome all traders with their own methods and different perspective of the markets. To gain access to #FuturesTrades...please follow the instructions at the below link.

http://www.thestrategylab.com/ftchat/forum/viewforum.php?f=5

The purpose of #FuturesTrades is that it's designed to be a trade journal for documentation purposes only so that members can have a time stamp archive of trades and market commentaries of each trading day so that they can better understand their broker statements from one trade to the next trade when they review their performance numbers on any given trading day.

Further, members are not obligated to educate nor help other members but members are encourage to ask questions about any trades or market commentaries that's posted by others.

In addition, our primary job in the free chat room is to moderate the room (keep the peace) because with so many members using different methods along with different opinions about the market...debates or arguments can easily flare up without moderating. 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

Also, 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.

Reminder, 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. Also, these logs may have been edited (rarely) to remove any messages that a member has complained to me via private message that they consider a particular commentary to be inappropriate, offending or too far in the off topic area that's a distraction when the commentary was posted.

Note: All logs regardless to their location at TheStrategyLab.com website are eastern standard time.

Best Regards,
M.A. Perry
Trader and Founder of WRB Analysis (wide range body analysis)
@ http://twitter.com/wrbtrader

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