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Therefore, we welcome all traders with their own methods or different perspective of the markets as long as they do not violate our
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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: Fri Jan 22 09:30:51 2010
Session Ident: #FuturesTrades
[09:30] * Now talking in #FuturesTrades
[09:30] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:33] <Forex2stay> morning everyone
[09:34] <rickf>
[09:34] <@wrbtrader> Good morning all...currently not trading due to data problems.[09:36] <@wrbtrader> fixed
[09:36] <drt> s es 09.75
[09:37] <+drt> cs es 10.75
[09:37] <@wrbtrader> Long TF @ 626.40 -> small size
[09:37] <@wrbtrader> 3 only
[09:37] <@wrbtrader> looking to add
[09:37] <@wrbtrader> nevermind
[09:38] <@wrbtrader>
[09:39] <@wrbtrader> Exited all TF Long @ 626.20 --> - 0.2
[09:39] <@wrbtrader> Long TF @ 626.40 -> medium size
[09:40] <@wrbtrader> 5 only
[09:43] <Nesi> Covered all ES Short @ 1109.00 --> + 9
[09:43] <@wrbtrader> be back in 5mins...
[09:43] <@wrbtrader> Gotta do an emergency reboot.
Session Close: Fri Jan 22 09:44:05 2010
Session Start: Fri Jan 22 09:44:05 2010
Session Ident: #FuturesTrades
[09:44] * Disconnected
Session Close: Fri Jan 22 09:44:06 2010
Session Start: Fri Jan 22 10:06:18 2010
Session Ident: #FuturesTrades
[10:06] * Now talking in #FuturesTrades
[10:06] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[10:06] <TL> crap missed 2 times got nothing
[10:08] <@wrbtrader> Ok...I think I got my computer working properly.
[10:09] <+Nesi> Exited all ES Long @ 1103.75 --> - 0.5
[10:09] <@wrbtrader> Can someone email me the today's log the shows the chat between 0925am - 1008am est...email it to
intradaystrategies@yahoo.com[10:09] <@wrbtrader> Here's a late trade post of my prior trade...wasn't able to post it because I had to do an emergency reboot.
[10:10] <@wrbtrader> Exited all TF Long @ 625.40 --> - 1
[10:10] <+Nesi> Long ES @ 1103.25
[10:11] <@wrbtrader> Hopefully this drop of a few points won't go into a low volatility trading range.
[10:11] <+Forex2stay> having some data issues with my broker this session..trading connection keeps going offline.
[10:12] <+Forex2stay> luckily i had my stops in place....and the SL was hit to save my butt
[10:13] <+Forex2stay> sad thing is i couldn't reverse the trade
[10:13] <@wrbtrader> First I thought it was my broker but then I realize it was my backup scheduler kicking in the background and then I stupidly disconnected it from my external harddrive without first closing the scheduler...
[10:13] <@wrbtrader> That froze my quotes
[10:16] <@wrbtrader> Shorts TF @ 621.90 -> medium size
[10:16] <+Forex2stay> buy stop to enter long EURUSD @ 1.4109
[10:16] <@wrbtrader> 4 only
[10:17] <+Nesi> Exited all ES Long @ 1102.00 --> - 1.25
[10:17] <+Nesi> late post
[10:17] <+rickf> short 63 1.4101
[10:17] <+rickf> 6e
[10:18] <@wrbtrader> I think the Eurofx 6E and Forex EurUsd is will be in every traders bullseye target that follows the Euro
[10:18] <+rickf> ueah
[10:18] <+Nesi> Long ES @ 1102.00
[10:18] <+rickf> yeah
[10:18] <+Forex2stay> Long EURUSD @ 1.4109
[10:19] <@wrbtrader> Covered all TF Short @ 621.60 --> + 0.3
[10:20] <+Forex2stay> not sure i liked the way that bar closed
[10:22] <@wrbtrader> Yesterday was a big down day.
[10:22] <@wrbtrader> There's a high probability chance that market goes into a trading range for 1 - 3 days before attempt to counter-thrust back upwards.
[10:23] <@wrbtrader> Thus, I plan on taking it easy on Monday and possible Tuesday next week
[10:24] <@wrbtrader> small size and only a few trades
[10:24] <+Forex2stay> tightening SL
[10:27] <+Forex2stay> SL to BE
[10:27] <AndyES> nice, Forex
[10:27] <+rickf> add 6e short 1,4121
[10:28] <+rickf> only 2
[10:28] <+Nesi> Exited all ES Long @ 1106.00 --> + 4
[10:29] <+Forex2stay> Exited 1/2 EURUSD Long @ 1.4122 --> + 0.0013
[10:29] <+Forex2stay> BE on remainder
[10:32] <+Forex2stay> Exited all EURUSD Long @ 1.4127 --> + 0.0018
[10:32] <+Forex2stay> Flat
[10:32] <+rickf> vn
[10:33] <+Forex2stay> ty
[10:34] <@wrbtrader> Shorts TF @ 624.10 -> small size
[10:34] <@wrbtrader> 2 only
[10:34] <@wrbtrader> will be a tough trade
[10:35] <+Forex2stay> meaning there are easy ones?
[10:36] <@wrbtrader> meaning I'm bullish and just trying to catch a part of the retracement before it goes higher
[10:36] <+Forex2stay> ahh
[10:37] <@wrbtrader> Covered all TF Short @ 624.90 --> - 0.8
[10:37] <+Forex2stay> Euro staying within the 5m wedge
[10:38] <+Forex2stay> or channel depending on how you look at it
[10:39] <+Forex2stay> sell stop to enter short EURUSD @ 1.4115
[10:39] <+rickf> still in the channel, looking somewhat overbought
[10:40] <+Forex2stay> cancelled all open stop orders
[10:40] <@wrbtrader> Long TF @ 624.80 -> medium size
[10:40] <@wrbtrader> 4 only
[10:40] <+Forex2stay> thought we'd get a little push down there in the last few seconds of that bar
[10:40] <+Forex2stay> will wait for it to test upper TL now
[10:41] <+Forex2stay> testing now
[10:41] <@wrbtrader> pushing harder than I thought
[10:41] <+Forex2stay> would expect sell pressure here
[10:41] <@wrbtrader> right back into that prior tough range we saw a few minutes after the opening bell
[10:42] <+Forex2stay> EURO in a 73 pip range today, range has been decreasing since Tuesday's moster day
[10:42] <@wrbtrader> Exited 1/2 TF Long @ 626.60 --> + 1.8
[10:43] <+Forex2stay> would like to get one more play off this channel before it breaks
[10:45] <@wrbtrader> Exited Remainder TF Long @ 625.30 --> + 0.5
[10:50] <+Forex2stay> sell stop to enter short EURUSD @ 1.4116
[10:51] <@wrbtrader> could be worst...could be having data problems on a trend day resulting in complaining about how much I'm missing.
[10:51] <@wrbtrader> Not missing anything today
[10:53] <+AndyES> Long ES @ 1106 «« simulator »»
[10:54] <+Forex2stay> cancelled all open stop orders
[10:55] <+AndyES> Exited 2/3 ES Long @ 1107 --> + 1 «« simulator »»
[10:57] <+rickf> exited 6e 1.4122 -11 (late)
[10:58] * +rickf tried to save an erroneous entry ... stupid every way possible
[10:58] <+rickf> back later
[10:59] <+AndyES> Exited 1/4 ES Long @ 1107.5 --> + 1.5 «« simulator »»
[10:59] <+AndyES> hld1
[10:59] <@wrbtrader> Long TF @ 626.20 -> small size
[10:59] <@wrbtrader> 2 only
[11:00] <@wrbtrader> Exited all TF Long @ 627.60 --> + 1.4
[11:01] <+Forex2stay> nice wrbtrader
[11:01] <jbuch> Long ES @ 1110
[11:01] <+jbuch> chased it like crazy
[11:02] <@wrbtrader> thanks especially since I chased it because my entry should have been around 624.50
[11:02] <+Forex2stay> wow
[11:02] <@wrbtrader> poor trading today but have been lucky so far with two winners.
[11:02] <+Forex2stay> Euro broke above channel
[11:02] <@wrbtrader> Got off track with the earlier data problems
[11:03] <@wrbtrader> The other winner...small profit...was via the trading plan
[11:04] <+AndyES> Exited Remainder ES Long @ 1111.0 --> + 5 «« simulator »»
[11:04] <+Forex2stay> my long entry on the 3rd push of the channel line...should have trailed 1/2...those are typically runners.
[11:05] <+Forex2stay> left a lot on the table
[11:06] <+codehead> short ES 1110.25 <paper>
[11:06] <+codehead> stop 11.75
[11:06] <+codehead> trying different strategy
[11:07] <+Forex2stay> dang...that hurts
[11:07] <+Forex2stay> going for coffee clear my head
[11:08] <+codehead> exit half ES +.75 <paper>
[11:08] <+jbuch> Exited all ES Long @ 1111.25 --> + 1.25
[11:09] <+jbuch> forgot to post it.
[11:09] <+codehead> cover remainder +1.75 <paper>
[11:10] <+jbuch> that puts me about 3 bucks so far on the day after commisions.
[11:10] <@wrbtrader> Shorts TF @ 626.40 -> small size
[11:10] <@wrbtrader> 3 only
[11:10] <+jbuch> should have been long that thing from `05.5
[11:10] <@wrbtrader> a lot of chasing today
[11:10] <+jbuch> 106.5
[11:11] <+jbuch> chased it all the way up
[11:11] <+AndyES> many days I wished I had that PL, jb
[11:12] <+jbuch> have had 2 stupid trades so am happy as a clam
[11:13] <+jbuch> kid is sick didn't get much
might go play in the snow
[11:13] <+AndyES>
[11:14] <+jbuch> it is funny I have moved up in size and am adapting well. and I ma so excited about it that I lay in bed a rehearse the trades that I took the previous day
[11:15] <+AndyES> nice
[11:15] <+jbuch> can't get to
just keeping running it through my head
[11:16] <+Forex2stay> that's good jb..good problem to have
[11:16] <+Forex2stay> least your not laying awake worrying about loosing money
[11:16] <+jbuch> then I wake up and I am so foggy from lake of
thatI flubb the first couple of trades.
[11:16] <@wrbtrader> Covered all TF Short @ 627.40 --> - 1
[11:17] <+jbuch> like a crack head
[11:17] <+Forex2stay> lol
[11:17] <+jbuch> yes there was a long period where I was terrified of the next day
[11:17] <+Forex2stay> me2
[11:17] <+jbuch> much better being this way
[11:18] <+AndyES> I'm still terrified
[11:18] <+AndyES> lol
[11:18] <+jbuch> but need to find my balance
[11:18] <+Forex2stay> i had a time i went through were i woudl double-down and more...lot of
ness nights baby sitting trades.
[11:19] <+jbuch> I am trying to teach a couple of buddies of mine
[11:19] <+Forex2stay> teach them to trade?
[11:19] <+jbuch> emphasizing money managment so they don't create thos fears that result from the market getting away from u
[11:20] <+jbuch> yes teaching them to trade
[11:20] <+jbuch> have had them in the room with me several times in the last couple of months
[11:20] <+Forex2stay> sell stop to enter short EURUSD @ 1.4143
[11:21] <+Forex2stay> hmm..hopefully they "get it", but one thing is for sure it will do more for you then probably them..for some reason i find explaining things to someone help me a lot.
[11:21] <+jbuch> lots of fun have learned a lot doing it
[11:22] <+jbuch>
)))
[11:22] <+Forex2stay> wouldn't be surprised if it doesn't elevate your game
[11:24] <+Forex2stay> think Euro bulls giving up here
[11:24] <+jbuch> it already has
[11:25] <+Forex2stay> i bet
[11:26] <+Forex2stay> Shorts EURUSD @ 1.4143
[11:26] <+Forex2stay> ahh..think i might of got trapped there.
[11:27] <+Forex2stay> will see how this bar closes
[11:30] <+Forex2stay> reversed
[11:30] <+Forex2stay> Exited EURUSD Long @ 1.4155 --> + 0.0012
[11:30] <+Forex2stay> Reverse and Enter Short EURUSD @ 1.4155
[11:30] <+Forex2stay> that didn't come out right
[11:30] <+Forex2stay> should be -12
[11:34] <+Forex2stay> sl to BE
[11:39] <+Forex2stay> Covered all EURUSD Short @ 1.4155 --> 0
[11:39] <+Forex2stay> SL hit
[11:43] <+jbuch> will take a long if we getback above 110
[11:44] <+Forex2stay> could have managed that better should have taken 1/2 off when tested HOD.
[11:45] <+Forex2stay> sell stop to enter short EURUSD @ 1.4146
[11:50] <+Forex2stay> cancelled all open stop orders
[11:52] <+Forex2stay> buy stop to enter long EURUSD @ 1.4160
[11:55] <+Forex2stay> cancelled all open stop orders
[12:00] <@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[12:00] <+Forex2stay> buy stop to enter long EURUSD @ 1.4160
[12:00] <+Forex2stay> Long EURUSD @ 1.4160
[12:03] <+jbuch> EU looking much stronger than ES
[12:05] <+rickf> back
[12:06] <+jbuch> Long ES @ 1106.75
[12:07] <+jbuch> JUMPED THE GUN ON THAT
[12:11] <@wrbtrader> Shorts TF @ 625.10 -> small size
[12:11] <@wrbtrader> 2 only
[12:11] <+jbuch> Exited all ES Long @ 1105.75 --> - 1
[12:13] <@wrbtrader> Covered all TF Short @ 625.60 --> - 0.5
[12:14] <+jbuch> Long ES @ 1106.5
[12:15] <+Forex2stay> Euro knocking on HOD
[12:16] <@wrbtrader> Long TF @ 622.40 -> small size
[12:16] <@wrbtrader> 2 only
[12:17] <@wrbtrader> intuition
[12:18] <+Forex2stay> Euro in a stand-off here...hopefully us good guys win
[12:19] <+Forex2stay> sl to BE
[12:20] <@wrbtrader> correction
[12:20] <+Forex2stay> Exited 1/2 EURUSD Long @ 1.4174 --> + 0.0014
[12:20] <+Forex2stay> sl BE on remainder
[12:20] <@wrbtrader> Long TF @ 626.40 -> small size
[12:21] <@wrbtrader> Exited all TF Long @ 626.80 --> + 0.4
[12:21] <+jbuch> Exited all ES Long @ 1107.75 --> + 1.25
[12:22] <@wrbtrader> My trading today is just churning for the broker...not getting anywhere.
[12:22] <@wrbtrader>
[12:24] <+jbuch> thought that would just skip right on up to 1110
[12:25] <@wrbtrader> Long TF @ 727.40 -> small size
[12:25] <@wrbtrader> 2 only
[12:25] <@wrbtrader> geeesh
[12:26] <@wrbtrader> Long TF @ 627.40 -> small size
[12:27] <+jbuch> Long ES @ 1108.25
[12:27] <+jbuch> 1 only
[12:28] <+Forex2stay> sl moved to 1.4164
[12:28] <+jbuch> 1109.25 and we are in business
[12:31] <+jbuch> maybe not
[12:31] <@wrbtrader> Exited all TF Long @ 627.50 --> + 0.1
[12:31] <+jbuch> Exited all ES Long @ 1108.5 --> + 0.25
[12:31] <@wrbtrader> punks
[12:31] <+jbuch> lol
[12:32] <@wrbtrader> a few trading days per month it doesn't pay to have trailing stops.
[12:32] <+TL> lunchtime vols so low, may go but trapdoor could open:>
[12:32] <@wrbtrader> They are like a big sign that saids "steal me".
[12:33] <+jbuch> I think that attic door is about to open
[12:33] <+TL> tf could drop to 625 in heatbeat keep going dwn from there
[12:33] <+jbuch> grrrrrr
[12:34] <+jbuch> pussed out
[12:39] <+Forex2stay> Exited Remainder EURUSD Long @ 1.4164 --> + 0.0004
[12:39] <+Forex2stay> SL hit..flat
[12:41] <+jbuch> excellent trading forex
[12:42] <+jbuch> will try another long above 1110.25
[12:43] <+Forex2stay> ty jb..think the bastards picked my pocket..
[12:43] <+jbuch> asN says punks
)
[12:44] <+Forex2stay> yep...guess that's a better word
[12:45] <+jbuch> lots of people stuck at a loss and selling at these reversal points.
[12:49] <+jbuch> beautiful moves on EU today.
[12:50] <+Forex2stay> yes not a good price range but good setups
[12:51] <+jbuch> looks like a great range compared to ES
[12:52] <+jbuch> vol starting to pump up a bit
[12:52] <+Forex2stay> true
[12:53] <+Forex2stay> TL held on bullish triangle, so far
[12:53] <+Forex2stay> be a tough long to take though
[12:53] <+rickf> long 6e 1.4160
[12:53] <+Forex2stay> tough for me i guess :0
[12:54] <+rickf> exit 6e 1.4166 +7
[12:54] <+rickf> +6 can't add
[12:55] <+rickf> ES looks like it's ready for a drop ... but that's one view
[12:56] <+Forex2stay> will watch for a pull back to test this TL one more time then look to get long above 1.4170
[12:57] <+Forex2stay> need to see if there are any buyers left
[12:59] <+Forex2stay> buy stop to enter long EURUSD @ 1.4172
[12:59] <+rickf> lunchtime ... back in a few
[12:59] <+Forex2stay> cancelled all open stop orders
[13:01] <+Forex2stay> possible H&S pattern here on EURUSD 5m
[13:01] <+Forex2stay> right shoulder a little week though
[13:02] <+Forex2stay> sell stop to enter short EURUSD @ 1.4151
[13:02] <@wrbtrader> Shorts TF @ 626.00 -> small size
[13:02] <@wrbtrader> 1 only
[13:02] <@wrbtrader> The Euro has been impressive off of yesterday's lows
[13:04] <+AndyES> Long ES @ 1104.75 «« simulator »»
[13:05] <@wrbtrader> Covered TF Short @ 625.70 --> + 0.3
[13:05] <+Forex2stay> hmm...triggered demo but not live...will keep live order in.
[13:06] <+jbuch> looks like it decided to take that trapdoor
[13:07] <+TL> i guess becuz of lunchtime it was more like escalator up & back down, i didn't get any of it
[13:07] <+Forex2stay> demo meaning i use my live broker feed in NinjaTrader for pricing but just simulate with Ninja Trader and put my live orders in on my broker platform...it's more work but this way Ninja marks the chart with entries/exits so i can review.
[13:08] <+TL> too slow and the chng of direction for me to decide
[13:08] <+jbuch> eu maintaining its gains much better
[13:09] <+jbuch> yeah just acouple of ticks below the last couple of swings
[13:10] <+Forex2stay> long signal here but not a good entry bar, so keeping my buy sell in place.
[13:10] <+Forex2stay> sorry buy stop sell order in
[13:10] <+Forex2stay> damn
[13:10] <+Forex2stay> stop sell order
[13:11] <+jbuch> back above 106 and I will be looking long again
[13:11] <+AndyES> Exited 2/3 ES Long @ 1105.75 --> + 1 «« simulator »»
[13:11] <+Forex2stay> wonder if there are any brokers that have a buy stop sell order...lol
[13:11] <+jbuch> lol
[13:14] <+rickf> back
[13:14] <+rickf> msnbc says sen reid 'uncommitted' to bernanke confirmation ... might give senators freedom to vote against him
[13:14] <+rickf> and obama speaking on jobs at 2PM ET
[13:15] <+jbuch> wonder if he will drop anymore bombs
[13:15] <+rickf> obama talks, the market tanks
[13:15] <+rickf> place your bets now
[13:16] <@wrbtrader> Yep
[13:16] <@wrbtrader> interesting levels now
[13:16] <@wrbtrader> Shorts TF @ 625.30 -> small size
[13:16] <@wrbtrader> 3 only
[13:19] <+jbuch> had an order to short at 1104
[13:19] <+jbuch> canceled it
[13:19] <@wrbtrader> volatility tried hard to pick up...now it's declining again
[13:21] <+TL> those that can push it are waiting on something or they have no plan right now for direction
[13:21] <+jbuch> Long ES @ 1106.25
[13:21] <+AndyES> Exited 1/4 ES Long @ 1106.5 --> + 1.75 «« simulator »»
[13:21] <+AndyES> hld1
[13:22] <+jbuch> 1 only
[13:22] <+TL> Andy i saw you jump on 1104,75, what was the realance there?
[13:23] <+TL> relevance
[13:23] <+Forex2stay> getting some lunch removing sell stop
[13:23] <+jbuch> will add 1 at 1105.75.
[13:23] <+Forex2stay> cancelled all open stop orders
[13:24] <+jbuch> exit stop set ES @ 1105.25
[13:24] <@wrbtrader> Shorts TF @ 626.00 -> Add
[13:25] <@wrbtrader> 2 add
[13:25] <+jbuch> Exited all ES Long @ 1105.25 --> - 1
[13:25] <+jbuch> didn't take the second
[13:25] <@wrbtrader> weak support now developing
[13:26] <+jbuch> Long ES @ 1105.5
[13:27] <+jbuch> 2
[13:28] <+rickf> shifting to the ES now that it's Friday afternoon
[13:31] <@wrbtrader> Covered TF Short @ 625.00 --> + 1.3
[13:31] <@wrbtrader> holding 3 contract remainders
[13:31] <+rickf> wtg
[13:31] <@wrbtrader> that's only +1 and not +1.3 on those 2 contracts
[13:32] <+rickf> short es 1105.25
[13:32] <+rickf> 1105
[13:35] <@wrbtrader> Covered all TF Short @ 625.40 --> - 0.1
[13:35] <+rickf> out 1104.75 +.25
[13:36] <@wrbtrader> Price action tested that 625.30 area too many times...support trying hard to strengthen
[13:38] <@wrbtrader> Shorts TF @ 625.00 -> small size
[13:38] <@wrbtrader> 2 only
[13:38] <+AndyES> Exited all ES Long @ 1104.75 --> 0 «« simulator »»
[13:39] <+Forex2stay> man my chart looks like a Geometry book
[13:39] <@wrbtrader> stop in the obvious place...the prior support @ 625.30
[13:40] <+rickf> figures.
[13:40] <+jbuch> Exited all ES Long @ 1104 --> - 1.5
[13:40] <+jbuch> couldn't watch it anymore
[13:41] <+rickf> right idea but bailed early. again. rick needs trade conviction.
[13:43] <+rickf> break below SPX 1100 will be psychological badness for the market i think
[13:43] <@wrbtrader> tighten ship
[13:43] <+rickf> a close below it for sure
[13:43] <@wrbtrader> Gold trying to counter thrust
[13:44] <+jbuch> lots of vol kicking in here
[13:44] <@wrbtrader> meant Oil
[13:44] <@wrbtrader> Covered all TF Short @ 624.00 --> + 1
[13:45] <+jbuch> Long ES @ 1102.75
[13:45] <+jbuch> 4
[13:46] <+Forex2stay> sell stop to enter short EURUSD @ 1.4152
[13:48] <+jbuch> Exited all ES Long @ 1101.75 --> - 1
[13:48] <+Forex2stay> Shorts EURUSD @ 1.4152
[13:48] <+AndyES> Long ES @ 1101.75 «« simulator »»
[13:49] <+jbuch> Long ES @ 1102.25
[13:49] <+jbuch> 4 again
[13:49] <@wrbtrader> Emini TF tough area is that range between 626.00 - 624.00
[13:50] <@wrbtrader> Trading in there contains the "stop swat team".
[13:50] <+Forex2stay> going to use the bearish TL here for my SL
[13:51] <+Forex2stay> however i always have a -20 hard SL
[13:51] <+AndyES> Exited 2/3 ES Long @ 1102.75 --> + 1 «« simulator »»
[13:52] <MK> Long ES @ 1102 «« simulator »»
[13:54] <@wrbtrader> Long TF @ 624.80 -> small size
[13:54] <@wrbtrader> 1 only
[13:54] <+Nesi> Long ES @ 1103.25
[13:56] <+rickf> short es 1103 ... just one
[13:56] <@wrbtrader> Exited TF Long @ 624.30 --> - 0.5
[13:56] <@wrbtrader> Shorts TF @ 624.10 -> small size
[13:56] <@wrbtrader> 3 only
[13:57] <@wrbtrader> volatility slowly expanding
[13:59] <+jbuch> come on darling
[14:00] <+AndyES> Exited 1/4 ES Long @ 1103.25 --> + 1.5 «« simulator »»
[14:01] <+AndyES> hld1
[14:01] <@wrbtrader> oh oh
[14:01] <@wrbtrader> Covered all TF Short @ 624.40 --> - 0.3
[14:02] <@wrbtrader> Long TF @ 624.40 -> small size
[14:02] <@wrbtrader> 3 only
[14:03] <@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[14:04] <@wrbtrader> Exited all TF Long @ 624.00 --> - 0.4
[14:04] <@wrbtrader>
[14:05] <@wrbtrader> will try again...got shaken out too easy
[14:06] <@wrbtrader> Shorts TF @ 623.70 -> small size
[14:06] <@wrbtrader> intuition
[14:06] <@wrbtrader> 3 only
[14:06] <+Nesi> Exited all ES Long @ 1102.75 --> - 0.5
[14:09] <+Nesi> Long ES @ 1105.50
[14:09] <+Nesi> Long ES @ 1102.50
[14:10] <@wrbtrader> so close to that 623
[14:10] <@wrbtrader> another support now broken
[14:10] <+Forex2stay> i need a LL here otherwise my trade could fizzle out
[14:11] <+Nesi> Exited all ES Long @ 1101.50 --> - 1
[14:11] <+jbuch> Exited all ES Long @ 1101.75 --> - 0.5
[14:11] <+AndyES> Exited Remainder ES Long @ 1101 --> - 0.75 «« simulator »»
[14:11] <@wrbtrader> Covered all TF Short @ 622.60 --> + 1.1
[14:11] <+Forex2stay> come on baby run for the boarder
[14:13] <+Nesi> Long ES @ 1101.50
[14:13] <+rickf> out 1101.75 +1.25
[14:14] <+jbuch> Long ES @ 1102
[14:14] <+jbuch> 6
[14:14] <@wrbtrader> geeesh...back into the 626 - 624 price area
[14:16] <+rickf> i dont trust the long here, fwiw saying
[14:16] <@wrbtrader> Long TF @ 624.40 -> small size
[14:16] <@wrbtrader> 2 only
[14:16] <+jbuch> come on baby
[14:17] <@wrbtrader> it needs to fight...sluggish again in that price area
[14:18] <+Forex2stay> come on baby trap those bulls
[14:18] <+rickf> i always hate trading w/in 5 points of a century mark ... too much room for chop and games
[14:19] <@wrbtrader> Exited all TF Long @ 623.80 --> - 0.6
[14:19] <+Forex2stay> will reverse short to long at 1.4159
[14:20] <@wrbtrader> Price action has a big support all the way down to around 622.80
[14:21] <@wrbtrader> Long TF @ 623.50 -> small size
[14:21] <@wrbtrader> gotcha
[14:21] <+Forex2stay> cancelled reverse order
[14:21] <@wrbtrader> 2 only
[14:22] <+Forex2stay> SL moved to 1.4159 but will not reverse
[14:23] <@wrbtrader> Exited all TF Long @ 623.40 --> - 0.1
[14:24] <@wrbtrader> Shorts TF @ 623.30 -> small size
[14:24] <@wrbtrader> trade error
[14:26] <+jbuch> Exited all ES Long @ 1101.74 --> - 0.26
[14:26] <+Forex2stay> SL to BE
[14:27] <@wrbtrader> Covered all TF Short @ 622.30 --> + 1
[14:27] <codehead> long NQ 1821.75 <paper>
[14:27] <+codehead> 2 pt stop
[14:27] <@wrbtrader> another lucky trade
[14:27] <+Forex2stay> Covered 1/2 EURUSD Short @ 1.4140 --> + 0.0012
[14:28] <@wrbtrader> was trying to cancel that one and then it executed
[14:28] <+Forex2stay> BE on remainder
[14:29] <@wrbtrader> taking a break after that order error
[14:29] * wrbtrader is now known as wrbtrader_away
[14:30] <+codehead> exit half NQ -2.00<paper>
[14:31] <+rickf> very tempting to go short here on an intuition trade
[14:31] <+Forex2stay> come on just give me one more push here
[14:31] <+Nesi> Exited all ES Long @ 1101.50 --> 0
[14:31] <+rickf> as one of our old traders here used to say ... "TANK!"
[14:34] <+jbuch> Long ES @ 1101.75
[14:37] <+Forex2stay> need some Braveheart here....HOLD...HOLD
[14:40] <+rickf> short es 1100
[14:40] <+rickf> 1 only
[14:41] <+jbuch> Exited all ES Long @ 1101 --> - 0.75
[14:41] <+rickf> bam
[14:41] <+rickf> woner if cnbc is goign into panic mode
[14:43] <+rickf> out at 98 +2
[14:43] <+MK> Exited all ES Long @ 1098 --> - 4 «« simulator »»
[14:43] <+TL> Long TF @ 620.3
[14:43] <+TL> 1
[14:45] <+codehead> got the gap fill on ES
[14:45] <+TL> exit stop raised TF @ 621.9
[14:45] <+TL> Trailing Stop Hit TF @ 621.9 --> + 1.6
[14:46] <+codehead> got long NQ 1812.75, but got spineless when it failed the first bounce and went a little lower, took 3 ticks
[14:46] <+TL> crap out @ 621.6 screwed my stop placment +1.3
[14:47] <+MK> Long ES @ 1098.25 «« simulator »»
[14:47] <+codehead> long NQ 1812.25 <paper>
[14:49] <+codehead> big order 1811.00 NQ, held first try
[14:49] <+codehead> stop 2.50
[14:50] <+Forex2stay> Covered Remainder EURUSD Short @ 1.4135 --> + 0.0017
[14:50] <+codehead> stopped -2.50 selling still strong
[14:50] <+rickf> vn fx
[14:51] <+Forex2stay> ty..unless i get an awesome setup i think i'm done today
[14:51] <+jbuch> nice
[14:51] <+rickf> i'm doing ok hitting singles on the ES with 1 contract ... of course if i ran regular load i'd be totally off the mark and in the red
[14:51] <+codehead> long NQ 1809.50 <paper>
[14:51] <+Forex2stay> TL held so maybe some downside left, but expect a retest
[14:52] <+Forex2stay> didn't want to ride through it
[14:55] <+codehead> YM has support 10194-10200
[14:55] <+AndyES> Long NQ @ 1809.5 «« simulator »»
[14:56] <+codehead> jumped the gun on NQ, no buy signal yet
[14:56] <+codehead> YM a better long choice
[14:56] <+AndyES> Exited all NQ Long @ 1808.5 --> - 1 «« simulator »»
[14:57] <+codehead> long Ym 10203 <paper> 20 tick stop
[14:58] <+MK> Long ES @ 1097 -> Add «« simulator »»
[15:03] <+codehead> exit half YM +5 <paper> raise stop to 10199 remainder
[15:04] <+codehead> exit NQ +1.00 <paper>
[15:05] <+rickf> last hour
[15:05] <+codehead> raise stop to b/e -1 tick on YM <paper>
[15:07] <+codehead> raise stop to +3 >paper>
[15:08] <+codehead> stopped +3 YM remainder <paper>
[15:08] <+jbuch> lots of vol
[15:09] <+AndyES> Long NQ @ 1095.5 «« simulator »»
[15:10] <+jbuch> Long ES @ 1095.75
[15:12] <+AndyES> Long NQ @ 1094.5 -> Add «« simulator »»
[15:12] <+AndyES> maybe too much volatility
[15:13] <+AndyES> too much of a freight train
[15:13] <+jbuch> Exited all ES Long @ 1094.75 --> - 1
[15:13] <+MK> Exited ES Long @ 1093.5 --> - 4.75 «« simulator »»
[15:13] <+MK> Reverse and Enter Short ES @ 1093.5 «« simulator »»
[15:14] <+rickf> VIX above 26 now .... was 18 the start of the week
[15:15] <+rickf> BTW this week's market action is entirely because I closed my submerged SDS last week
[15:15] <TraderG>
[15:16] <+TraderG> you have great power rickf
[15:16] <+AndyES> gee, rickf, you could've told us
[15:16] <+rickf> i think i did
[15:16] <+AndyES>
[15:16] <+AndyES> Exited all NQ Long @ 1092.5 --> - 5 «« simulator »»
[15:16] <+TraderG> this is a good time to add to long positions
)))
[15:19] <+codehead> YM hit .500, a little bounce
[15:19] <+codehead> long YM 10158 <paper>
[15:20] <+AndyES> that last long was playing a pattern and ignorning momentum
[15:21] <+AndyES> bad AndyES!
[15:24] <+AndyES> Long ES @ 1091.25 «« simulator »»
[15:26] <+codehead> exit half YM +10 <paper>
[15:26] <+AndyES> Exited 2/3 ES Long @ 1092.25 --> + 1 «« simulator »»
[15:26] <+codehead> raise stop remainder b/e <paper>
[15:26] * wrbtrader_away is now known as wrbtrader
[15:27] <+MK> Covered ES Short @ 1092 --> + 1.5 «« simulator »»
[15:27] <+MK> Reverse and Enter Long ES @ 1092 «« simulator »»
[15:28] <@wrbtrader> Nice drop while I was away
[15:28] <+codehead> "plunge" would be the appropriate word ;-)
[15:28] <+codehead> lots of TICK surges
[15:29] <+codehead> exit remainader YM +16 <paper>
[15:30] <+rickf> wow ... 42% increase in the VIX in 2 days
[15:31] <+AndyES> Exited 1/4 ES Long @ 1093 --> + 1.75 «« simulator »»
[15:31] <+AndyES> hld1
[15:33] <+rickf> looking lower still
[15:37] <+rickf> From SA post: "It took all of three days for the S&P 500 to move from 2 standard deviations above its 50-day moving average to 1 standard deviation below its 50-day moving average."
[15:37] <+rickf> yikes!
[15:38] <+Forex2stay> Euro testing bearish TL i spoke of earlier
[15:38] <@wrbtrader> Shorts TF @ 615.30 -> small size
[15:38] <+rickf> yep now that's showing up here
[15:38] <@wrbtrader> 2 only
[15:38] <+Forex2stay>
[15:39] <@wrbtrader> come on...give me something especially after waiting for me to take a break so that you can PLUNGE while I was gone
[15:40] <+AndyES> Long ES @ 1091 -> Add «« simulator »»
[15:40] <@wrbtrader> Covered all TF Short @ 615.30 --> 0
[15:40] <+Forex2stay> decent entry bar
[15:41] <+rickf> yep - retrace of that last drop down
[15:41] <@wrbtrader> Shorts TF @ 614.90 -> small size
[15:41] <@wrbtrader> 3 only
[15:41] <@wrbtrader> trying again
[15:41] <+Forex2stay> yeah no conviction here yet though...for me
[15:42] <+AndyES> Exited all ES Long @ 1091 --> - 0.25 «« simulator »»
[15:42] <+rickf> i'd try it but not this late in the day/week
[15:44] <+rickf> one more push down to screech into the close...
[15:44] <@wrbtrader> Covered all TF Short @ 614.80 --> + 0.1
[15:45] <@wrbtrader>
[15:45] <@wrbtrader> I can't keep chasing it downward...pathetic
[15:45] <+Forex2stay> no trigger confirmation for me
[15:46] <@wrbtrader> Shorts TF @ 614.60 -> small size
[15:46] <+rickf> UK just raised its terror level to 'severe'
[15:46] <@wrbtrader> 3 only
[15:46] <@wrbtrader> intuition
[15:46] <+Forex2stay> did it say why rick?
[15:46] <+rickf> trying to find more
[15:47] <+Forex2stay> no reaction with the pound GBPUSD
[15:47] <@wrbtrader> Covered 2/3 TF Short @ 613.60 --> + 1
[15:47] <+rickf>
http://news.bbc.co.uk/2/hi/uk_news/8476238.stm[15:50] <@wrbtrader> Covered Remainder TF Short @ 614.00 --> + 0.6
[15:52] <@wrbtrader> I hate these types of trading days...they burn you out and then when you can't take it anymore that results in taking a long break...
[15:52] <@wrbtrader> It moves strongly without you.
[15:52] <+rickf> murphys law
[15:52] <@wrbtrader> Yep
[15:52] <+rickf> how many good trades happen when i head out to the gym?
[15:52] <+rickf> tons
[15:53] <@wrbtrader> It today closes near where it is at...
[15:54] <@wrbtrader> It will be the first time since March 2009 that we've had back to back "strong down days".
[15:56] <+rickf> TSCM notes that the VIX is pushing the 3rd SD band, and the last 4 times it happened, a snapback rally of 5% last year
[15:56] <+rickf> 5% rally after each instance
[15:57] <+Forex2stay> guess my broker shutdown shop early. glad i wasn't in a trade
[15:58] <@wrbtrader> Shorts TF @ 615.60 -> small size
[15:58] <@wrbtrader> 3 only
[15:59] <+Forex2stay> k..guys i'm heading out..have a good weekend, talk to you monday.
[15:59] <+rickf> cya
[15:59] <+MK> Exited all ES Long @ 1088.25 --> - 12.5 «« simulator »»
[15:59] * Forex2stay is now known as Forex2stay_Away
[16:01] <@wrbtrader> Covered 2/3 TF Short @ 615.30 --> + 0.3
[16:01] <@wrbtrader> that trades sums up my trading day
[16:05] <@wrbtrader> Long TF @ 616.50 -> small size
[16:05] <@wrbtrader> 1 only
[16:07] <@wrbtrader> Long TF @ 616.40 -> Add
[16:07] <@wrbtrader> 2 add
[16:12] <@wrbtrader> Exited all TF Long @ 617.00 --> + 1.1
[16:12] <@wrbtrader> +0.6 and +0.5
[16:12] <@wrbtrader> 13 winners 10 losers 1 breakeven while missing the best price action.
[16:16] <+AndyES> cya Monday have a great weekend
[16:16] <@wrbtrader> Yep...take care all and see all on Monday.
[16:16] <@wrbtrader> My plan is to do only a few trades on Monday and Tuesday.
[16:17] <@wrbtrader> Hopefully I get lucky and catch a strong directional price movement in one of those few trades.
[16:17] * wrbtrader is now known as wrbtrader_away
[18:12] <@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/forumSession Close: Fri Jan 22 21:29:06 2010
-------------------------
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