##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 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.

Also, 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

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.

By the way, 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.

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Session Start: Fri Sep 04 09:02:05 2009
Session Ident: #futurestrades
[09:02] * Now talking in #futurestrades
[09:02] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:29] <drt> all
[09:34] <@wrbtrader> Long ES @ 1003.75 -> large size
[09:34] <@wrbtrader> 6 only
[09:41] <@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.
[09:41] <@wrbtrader> Exited all ES Long @ 1005.00 --> + 1.25
[09:42] <@wrbtrader> punks
[09:43] <@wrbtrader> odds of this retracing now is low
[09:48] <Forex2stay_Away> EURO freakin chop fest after the unemployement action
[09:48] * Forex2stay_Away is now known as Forex2stay
[09:48] <[1]luffy>
[09:51] <@wrbtrader> Shorts ES @ 1002.525 -> large size
[09:51] <@wrbtrader> Shorts ES @ 1002.25 -> large size
[09:51] <@wrbtrader> repost
[09:54] <@wrbtrader> Covered all ES Short @ 1002.00 --> + 0.25
[09:55] <@wrbtrader> Long ES @ 1002.75 -> medium size
[09:55] <@wrbtrader> 4 only
[09:57] <pdays> Shorts ES @ 1002.25
[09:58] <+pdays> Covered all ES Short @ 1003.75 --> - 1.5
[09:59] <+drt> s es 03.50
[09:59] <@wrbtrader> Exited all ES Long @ 1002.75 --> 0
[09:59] <@wrbtrader> punks
[10:02] <@wrbtrader> Long ES @ 1003.50 -> large size
[10:02] <pat255> alll @office
[10:02] <@wrbtrader> 6 only
[10:02] <+drt> cs es 03.50
[10:04] <@wrbtrader> Exited all ES Long @ 1003.75 --> + 0.25
[10:06] <@wrbtrader> these retracements area a pain in the butt
[10:07] <@wrbtrader> Long ES @ 1004.50 -> large size
[10:07] <@wrbtrader> 9 only
[10:09] <@wrbtrader> volatility just died
[10:10] <@wrbtrader> Hopefully it's setting up for a volatility spike
[10:10] <@wrbtrader> Exited all ES Long @ 1003.50 --> - 1
[10:13] <@wrbtrader> Long ES @ 1005.00 -> large size
[10:13] <@wrbtrader> 9 only
[10:13] <@wrbtrader> Well...got the direction correct...just can't stay in the trade to profit from it
[10:14] <+pat255> y ..looks like L is the way on pb
[10:14] <@wrbtrader> There's a tough price zone between 1005 - 1004
[10:15] <@wrbtrader> It's a pain to trade within so far
[10:22] <+pat255> this is tuff to trade
[10:22] <@wrbtrader> strongly agree
[10:23] <+pat255> going your way vn
[10:23] <@wrbtrader> I still think it has a good chance for the trading day to develop into a trend day or strong volatility swing day...
[10:23] <@wrbtrader> So far...have not seen such
[10:24] <@wrbtrader> Yet, just in case I'm right...I've been holding trades a lot longer than I normally do.
[10:25] <@wrbtrader> It's been more costly than rewarding to do such so far
[10:26] <@wrbtrader> Exited all ES Long @ 1005.75 --> + 0.75
[10:26] <@wrbtrader> early out on my own...
[10:26] <@wrbtrader> just got tired of watching the price action.
[10:27] <+pat255> y not esy to hold ...this slow move
[10:27] <@wrbtrader> Be back later...going to go do some personal stuff to lesson the frustration
[10:27] * wrbtrader is now known as wrbtrader_away
[10:55] <+Forex2stay> so use to the replay function in NinjaTrder and i'm wanting to switch to 3x speed to fast forward through this boring part....
[10:55] <jbuch> lol
[10:57] <+jbuch> the upside is that u can leave for a while and don't have to worry about the market getting away from ya.
[10:57] <+Forex2stay> that's true
[11:00] <+jbuch> vol for the second half hour was like 2 standard deviations below avg
[11:01] <+jbuch> don't think that this choppiness is going to improve
[11:02] <+jbuch> I think that I would go ahead and drag to the last hour forex2
[11:07] <+Forex2stay> yep...fast fast forwarding now...
[11:08] <+Forex2stay> finally got a little runner with GBPUSD...green for the day but in red with commissions...getting chopped around...chop is not run of my stong points
[11:11] <+jbuch> same here forex
[11:13] <+Forex2stay> just not sure how to identify...cause most of the larger moves come out of the chop or congested zone
[11:13] <+Forex2stay> but i don't like Breakout...i like anticipating breakouts
[11:14] <+jbuch> same here
[11:16] <+jbuch> especially when the market is like this
[11:16] <+Forex2stay> yep
[11:17] <+jbuch> if the market is moving don't mind them but but everything will be tested 2 or 3 times in this kinda junk
[11:18] <+Forex2stay> i agree
[11:18] <+jbuch> thats when u reallly get chopped to pieces.
[11:27] <+jbuch> Long ES @ 1005
[11:31] <+jbuch> Exited all ES Long @ 1004.75 --> - 0.25
[11:36] <+jbuch> shoot
[11:37] <+jbuch> screwed that up
[11:44] <@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.
[12:02] <+codehead> short ES 1009.25 <paper> 1 pt stop
[12:02] <+codehead> 1.25 stop
[12:02] <+codehead> above that, might go to 1015
[12:05] <+codehead> stop 1.00
[12:05] * wrbtrader_away is now known as wrbtrader
[12:05] <+codehead> stopped -1.00 <paper>
[12:07] <@wrbtrader> Got back in time for some volatility...hopefully it will last
[12:08] <+jbuch> man I have written the bull run off so many times and it just keeps powering off of swing lows
[12:14] <@wrbtrader> This is one of my favorite money blogs @ http://www.npr.org/blogs/money/
[12:14] <@wrbtrader> Yep...by NPR
[12:15] <@wrbtrader> Long ES @ 1013.25 -> medium size
[12:15] <@wrbtrader> 4 only
[12:18] <@wrbtrader> Exited all ES Long @ 1013.00 --> - 0.25
[12:20] <@wrbtrader> Long ES @ 1012.75 -> medium size
[12:21] <@wrbtrader> 4 only
[12:21] <@wrbtrader> intuition in reaction to prior trade
[12:23] <+Forex2stay> just checked my stats...and win/loss % is 45.45% today, but after commissions im in the green, so i think my position sizing and MM was key today...
[12:23] <+Forex2stay> largest win was 41 pips, largest loss was 20 pips
[12:23] <+Forex2stay> so that also helped
[12:24] <+Forex2stay> that should be largest loss -20 pips
[12:25] <@wrbtrader> Exited all ES Long @ 1013.25 --> + 0.5
[12:33] <OICU812> good morning all
[12:38] <+codehead> hi O
[12:51] <+codehead> 1015.00 is .500 retracement and nice wave symmetry
[12:52] <+codehead> so reversal possible
[12:52] <+codehead> if it get thru that, it's long still
[12:52] <+codehead> say touch of 1015.75
[13:28] <+jbuch> back were it all began
[13:40] <+jbuch> tick taggd 1576
[13:42] <+jbuch> that is the highest of the year on trade station.
[13:44] <+jbuch> Long ES @ 1013.75
[13:46] <+OICU812> whats up mr JB
[13:47] <@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.
[13:53] <+jbuch> Exited all ES Long @ 1012.75 --> - 1
[13:54] <+jbuch> brokemy rules with that entry
[13:54] <+jbuch> doing good OIC how about yourself
[13:56] <+OICU812> doing good too
[13:57] <+jbuch> Long ES @ 1013.25
[13:57] <+jbuch> meant to take it at 1013
[13:57] <+jbuch> slipped
[14:01] <+OICU812> i have 1/3 of a long and closing it at 1012 if it hits
[14:01] <+OICU812> or if it does not get to 1015.75
[14:11] <+jbuch> 12.75 needs to hold
[14:11] <+jbuch> fourth time here
[14:14] <+jbuch> tick moving up.
[14:15] <+jbuch> jeeze
[14:18] <+jbuch> here we go
[14:19] <+jbuch> come on darling don't be mean
[14:22] <+jbuch> I keep thinking that ts has frozen
[14:23] <tomosyn57> paint almost dry
[14:24] <+jbuch> ruh roo
[14:26] <+jbuch> come on .75
[14:27] <+Forex2stay> everybody push.....
[14:27] <+tomosyn57> traders left early for the holiday
[14:29] <+jbuch> Exited all ES Long @ 1012.5 --> - 0.75
[14:29] <+jbuch> thats a heartbreaker
[14:30] <+Forex2stay> that broke fast
[14:33] <+jbuch> I thought that it would just anticipated that it would be going up
[14:35] <+Forex2stay> that website wrbtrader mentioned earlier has some nice unemployement numbers in it
[14:35] <+Forex2stay> not that the numbers are good, but rather the information about the numbers
[14:37] <winmax60> hello everyone... have a great holiday.... will see you all back on Tuesday.....Thanks..wrbtrader
[14:37] <+Forex2stay> have a good weekend win...
[14:38] <+jbuch> cya win
[14:39] <+jbuch> Long ES @ 1012.5
[14:40] <+jbuch> Exited all ES Long @ 1012.25 --> - 0.25
[14:41] <+jbuch> not in touch today
[14:42] <+Forex2stay> you're not alone...last two days have been like that for me
[14:46] <+jbuch> Long ES @ 1350
[14:46] <+jbuch> now I am chasing
[14:46] <+jbuch> the last trade for me today
[14:50] <+codehead> potential for a little h&s on the indices
[14:57] <+Forex2stay> everyone have a good weekend...see ya Tuesday
[14:58] * Forex2stay is now known as Forex2stay_Away
[14:59] <+jbuch> violent
[15:07] <+jbuch> Exited all ES Long @ 1014.5 --> - 335.5
[15:07] <+jbuch> sounds about right
[15:09] <@wrbtrader> Shorts ES @ 1013.50 -> small size
[15:09] <@wrbtrader> 3 only
[15:14] <@wrbtrader> Anybody considers today a trend day...I'm still not sure if I should categorize it as such. ??
[15:15] <@wrbtrader> Part of my problem is that I took two frustration breaks from trading today...both times while gone a strong price movement occurred.
[15:15] <+jbuch> I would especially if u combine with yesterday afternoon
[15:17] <@wrbtrader> Covered all ES Short @ 1013.25 --> + 0.25
[15:18] <+OICU812> that depends on the time frame you are seeing it in wrbtrader
[15:19] <@wrbtrader> true
[15:20] <+jbuch> heavy resitance 15 but if we get back up there today think we will move up again
[15:20] <+jbuch> Long ES @ 1013.25
[15:21] <@wrbtrader> Yeah...if we get back above 15 going into the 3:50pm est...it'll try to take out 1016
[15:21] <+jbuch> that sounded like such good advise I thought I should take it
[15:21] <+OICU812> im done for the week so no more trades for me
[15:23] <+jbuch> Yeah I hate to have a negative friday so going back on my word
[15:23] <+OICU812> negative today?
[15:24] <+jbuch> yup
[15:24] <+OICU812> sorry to hear man
[15:24] <+jbuch> just a lil bit have only taken a few trades
[15:25] <+jbuch> Exited all ES Long @ 1350 --> + 336.75
[15:26] <+jbuch> I keep screwing those entries
[15:47] <@wrbtrader> Long ES @ 1015.00 -> small size
[15:47] <@wrbtrader> 3 only
[15:49] <+Forex2stay_Away> looks like it might blow
[15:50] <@wrbtrader> Exited all ES Long @ 1015.25 --> + 0.25
[15:50] <@wrbtrader>
[15:51] <+Forex2stay_Away> that baby wanted to pop
[15:52] <+Forex2stay_Away> okay really going this time...wife calling for me...have a good weekend everyone
[15:53] <@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.
[15:56] <@wrbtrader> Long ES @ 1015.25 -> small size
[15:56] <@wrbtrader> 3 only
[15:58] <@wrbtrader> tighten stop to breakeven
[15:59] <@wrbtrader> This thing can easily jump all over the place at 4pm est
[15:59] <@wrbtrader> Exited all ES Long @ 1015.50 --> + 0.25
[16:00] <+OICU812> have a good long weekend everyon
[16:00] <+OICU812> im out of here
[16:01] <@wrbtrader> Enjoy...take care
Session Close: Fri Sep 04 16:44:33 2009

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