#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: Wed Jan 27 08:31:58 2010
Session Ident: #FuturesTrades
[08:31] * Now talking in #FuturesTrades
[08:31] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:14] <Forex2stay> morning
[09:18] <@wrbtrader> For those interested in key levels in the 30 Year TBonds...here's a recent chart by me @
http://chart.ly/qprdvx[09:29] <drt>
all
[09:30] <@wrbtrader> Good morning
[09:31] <jbuch> morning all
[09:33] <Nesi> Long ES @ 1086.00
[09:33] <@wrbtrader> Long TF @ 9.40 -> medium size
[09:33] <@wrbtrader> ooops
[09:33] <@wrbtrader> Long TF @ 609.40 -> medium size
[09:33] <+Nesi> Exited all ES Long @ 1087.50 --> + 1.5
[09:34] <@wrbtrader> very expensive toilet time...saw a Long signal @ 606.90
[09:34] <+jbuch> beauty Nesi
[09:34] <@wrbtrader> went to the toilet and when I return...it was at 609.40
[09:36] <+drt> s es 88.25
[09:36] <@wrbtrader> Exited 3/4 TF Long @ 611.50 --> + 2.1
[09:37] <@wrbtrader> Geeesh...a barn burner
[09:42] <@wrbtrader> It's still only the first volatility spike...incredible.
[09:42] <@wrbtrader> Hopefully the 2nd volatility spike won't send it crashing back downwards.
[09:43] <+drt> cs es 88.75
[09:43] <@wrbtrader> Usually get 2 spikes the first 30 mins of trading
[09:43] <pdays> Long TF @ 608.5
[09:43] <+pdays> Exited 1/2 TF Long @ 609.4 --> + 0.9
[09:43] <+pdays> Exited Remainder TF Long @ 610.1 --> + 1.6
[09:45] <TraderG> news @10
[09:45] <rickf>
[09:46] <+rickf> fyi not trading today .... want to relish the 1000 AIG/Geitner hearings
[09:46] <+rickf> er. not looking to trade much today before FOMC anyway
[09:52] <@wrbtrader> Hopefully I can hold this remainder until the FOMC announcement...not looking so hot now.
[09:53] <@wrbtrader> The 3 point wiggle room I lost on the entry due to toilet time was "critical" in remaining in this trade.
[09:56] <@wrbtrader> FYI Alert - 10am New Home Sales Report and Tim Geithner speaking
[09:57] <@wrbtrader> tightning trail stop
[09:57] <+TraderG> <wrbtrader> The 3 point wiggle room I lost on the entry due to toilet time ......" now THAT WAS CRITICAL INFO
))
[09:57] <@wrbtrader> Yeah...critical for my journal in here.
[09:57] <@wrbtrader> Gotta explain why I was late to the show by 3 points
[09:58] <+TraderG> hahahaha
[09:58] <+TraderG> ju r funny
[09:58] <+TraderG> Mexican accent
[09:58] <@wrbtrader>
[09:59] <@wrbtrader> If someone in here is interested in conversations on Gold Futures...go to
http://www.stocktwits.com/t/GC_F[10:00] <@wrbtrader> Exited Remainder TF Long @ 610.00 --> + 0.6
[10:00] <+TraderG> trouble
[10:01] <@wrbtrader> I just got picked pocketed
[10:01] <+TraderG> new home sales down
[10:02] <@wrbtrader> Shorts TF @ 609.60 -> small size
[10:02] <@wrbtrader> 3 only
[10:05] <@wrbtrader> Covered all TF Short @ 610.00 --> - 0.4
[10:06] <@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[10:08] <@wrbtrader> Shorts TF @ 610.00 -> medium size
[10:08] <@wrbtrader> 4 only
[10:09] <TL> nice entry i missed it:<
[10:13] <+TL> missed it 2nd
[10:13] <@wrbtrader> Covered 3/4 TF Short @ 607.50 --> + 2.5
[10:13] <+TL> 610.3
[10:14] <@wrbtrader> Straight UP and almost straight down (a few weak counter-thrusts on the way down).
[10:18] <+TL> very frustrating racket move dwn in tf, if not & in & can't hold pullups
[10:20] <@wrbtrader> By the way, I use tweetdeck @
http://www.tweetdeck.com/ to keep REAL-TIME up to date on conversations I'm interested via key words (e.g. oil futures, emini futures, russell 2000,
[10:20] <@wrbtrader> I also use it for #markets for realtime market news
[10:21] <@wrbtrader> It
[10:21] <@wrbtrader> It's very useful in helping me keep track of key markets and track of other traders opinions I value.
[10:22] <@wrbtrader> In fact, when I move #FuturesTrades from IRC to a a Twitter Group...
[10:22] <@wrbtrader> That tweetdeck will be required for all users in the group.
[10:23] <@wrbtrader> Best of all...it's free.
[10:24] <@wrbtrader> weak support zone for Emini TF ($TF_F)
[10:25] <+TraderG> oil news in 5 min
[10:26] * codehead_afk is now known as codehead
[10:27] <@wrbtrader> still holding 1 contract as a remainder of that short position
[10:27] <@wrbtrader> just got a buy signal...will wait for the first reaction to the pending EIA Petroleum Status report
[10:28] <@wrbtrader> Covered TF Short @ 608.00 --> + 2
[10:28] <@wrbtrader> Reverse and Enter Long TF @ 608.00
[10:29] <@wrbtrader> Exited TF Long @ 609.10 --> + 1.1
[10:33] <OICU812> Good morning
[10:35] <pdays> Short CL 74.12
[10:36] <+pdays> Exit 74.09 + .03
[10:44] <@wrbtrader> I'm not going to expect another volatility surge until Tim Geithner completes his speech or until something is said that spooks the markets.
[10:45] <@wrbtrader> be back later
[10:45] * wrbtrader is now known as wrbtrader_away
[10:53] <+Nesi> Long ES @ 1085.00
[10:59] <+Nesi> Exited all ES Long @ 1087.75 --> + 2.75
[11:05] <+Forex2stay> conspiracy this morning...broker filling my Stop losses but not my profit limits.
[11:05] <+Forex2stay> punks
[11:11] <+jbuch> tough morning for me was down 800 bucks now up 200
[11:12] <+Forex2stay> dang jb way to claw back
[11:12] <+jbuch> brutal
[11:13] <+Forex2stay> had to make you mentally stronger
[11:13] <+jbuch> was long with 6 in that last pop took forever
[11:14] <+jbuch> and the N said he thought it was be dead until FOMC
[11:14] <+Forex2stay> do you watch your $$ value when you trade?
[11:14] <+jbuch> was praying for 1 more pop
[11:14] <+jbuch> I try not to
[11:14] <+Forex2stay> me 2
[11:14] <+jbuch> but I kkeep track of it in my head
[11:14] <+Forex2stay> ohh yeah
[11:15] <+Forex2stay> kind of a catch 22 i want to keep a good journal, but you are always reminded of totals...takes a lot to not affect current trades.
[11:16] <+Forex2stay> Euro forming a small 5m wedge here or penant of you prefer
[11:17] <+Forex2stay> very hard to take short entries so close to LOD
[11:18] <+jbuch> especially after that move up
[11:18] <+OICU812> it can always go lover
[11:18] <+OICU812> lower
[11:19] <+jbuch> bears r still in charge but it is ranging
[11:21] <+jbuch> think I will relax until fomc
[11:22] <+jbuch> Read that the vote for Bernie is tomorrow
[11:30] <+TL> the dwn & up moves confirmed by vix & add, but staying w/trend too hard bcuz of the violent stop seeking retrcmnts (unless u catch the turns exactely right) wrb caught the 2 best super scalp moves in the runs
[11:32] <+TL> overall range is big for a fed dabut alot of flushs becuz of Geithner testimony
[11:32] <+TL> day but
[11:37] <+TL> go here to review months of past FOMC chart action in 5m candles
http://www.mypivots.com/articles/articl ... ?artnum=11[11:41] <+jbuch> Long ES @ 1086
[11:45] * wrbtrader_away is now known as wrbtrader
[11:47] <@wrbtrader> Long TF @ 611.00 -> small size
[11:47] <@wrbtrader> 2 only
[11:52] <+jbuch> if we clear 87
[11:54] <@wrbtrader> Exited all TF Long @ 612.10 --> + 1.1
[11:58] <+jbuch> Exited all ES Long @ 1086.25 --> + 0.25
[11:59] <+TL> WRB what did u see in the 11:50 setup that was different than the previuos @ 11:24, 11:33, 11:39 that didn't go?
[12:01] <@wrbtrader> I wasn't here (away doing personal stuff) for the price action of 1124, 1133, 1139...will take a look now.
[12:03] <@wrbtrader> I don't see anything in 1133am nor 1124am price action that looks interesting.
[12:04] <@wrbtrader> However, I do like 1139am and 1117am est price action because they relate to my trade around 1147am est.
[12:04] <@wrbtrader> Hammer lines via the 1min chart
[12:04] <@wrbtrader> all of them via volatility spikes
[12:06] <+TL> how do u recognize volatility if you are away & don't see the price action in T&S, how do I see it in the static (after the fact) chart?
[12:07] <@wrbtrader> Long TF @ 612.70 -> small size
[12:07] <@wrbtrader> 1 only
[12:07] <@wrbtrader> chaser by 3 ticks...same as the prior price actions I'm talking about...
[12:07] <@wrbtrader> Hammer lines + volatility spikes
[12:07] <@wrbtrader> [12:06] <+TL> how do u recognize volatility if you are away & don't see the price action in T&S, how do I see it in the static (after the fact) chart?
[12:08] <+TL> volatility spikes=?
[12:08] <@wrbtrader> That's my point...I didn't see the hammer lines of the price action when I was away.
[12:08] <@wrbtrader> I was just responding to your question that I wasn't watching the price action that you saw that was interesting.
[12:09] <@wrbtrader> However, my current trades are similar to those prior hammer lines with volatility spikes.
[12:09] <+TL> how do u define volatilty spikes if not in candles?
[12:09] <@wrbtrader> That's easy...
[12:10] <@wrbtrader> Body > Body of each of the prior 3 intervals
[12:10] <@wrbtrader> Hammer lines are special exception...I use the length instead of the body
[12:10] <@wrbtrader> length as in the difference between the High and Low
[12:11] <+TL> yes, yes i see it noe i understand, i misinterpretated
[12:11] <@wrbtrader> Just basic contractions / expansion analysis
[12:12] <@wrbtrader> As in "volatility contractions / volatility expansion
[12:12] <+TL> the rretrcmnts came into the 1 min wrb;s
[12:12] <@wrbtrader> Exited TF Long @ 612.00 --> - 0.7
[12:12] <@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/forum[12:12] <@wrbtrader> Yeah...I'm talking about the 1min chart
[12:13] <+TL> yes i see it in the 1min now, initially i had had different interval TY
[12:13] <@wrbtrader> no problem
[12:14] <@wrbtrader> Also, I don't just use Hammer lines + Volatility as trade signals...
[12:14] <@wrbtrader> I use them as support/resistance areas as in I like to FADE them when they fail
[12:15] <@wrbtrader> I'm a strong believer that whatever trade signals you're using...
[12:16] <@wrbtrader> You also got to know when to FADE them.
[12:16] <@wrbtrader> Shorts TF @ 611.20 -> small size
[12:16] <@wrbtrader> 3 only
[12:16] <@wrbtrader> chaser by 3 ticks
[12:16] <@wrbtrader> current trade is a broken support of a prior Hammer line.
[12:17] <+jbuch> geithner getting hammered
[12:18] <@wrbtrader> Yes...I've been watching it since he started.
[12:18] <@wrbtrader> However, all he's basically doing is letting people know what's already "public record".
[12:19] <+jbuch> this senator is yelling at him like he is his red headed step child
[12:19] <@wrbtrader> hehehe
[12:19] <+jbuch>
[12:20] <@wrbtrader> $TF_F now within the supply/demand change of a another prior Hammer lines
[12:21] <@wrbtrader> tightning my trail stop just in case it finds support again
[12:25] <@wrbtrader> Covered 2/3 TF Short @ 611.00 --> + 0.2
[12:25] <@wrbtrader> that's an all out...not 2/3
[12:29] <+jbuch> is Geithner up for reapointment
.
[12:30] <@wrbtrader> Long TF @ 611.00 -> small size
[12:30] <@wrbtrader> 1 only
[12:30] <@wrbtrader> poor entry
[12:31] <@wrbtrader> Exited TF Long @ 610.50 --> - 0.5
[12:32] <@wrbtrader> weak support area
[12:33] <+codehead> long NQ 1801.50 <paper>
[12:34] <+jbuch> they spent 10 min arguing about how much time they should have to interview Tim.by the time they were done there was only 5 min left
[12:35] <+jbuch> Paulson on
[12:35] <@wrbtrader> Shorts TF @ 610.40 -> small size
[12:36] <@wrbtrader> 1 only
[12:36] <+codehead> exit NQ -1.00 <paper>
[12:36] <@wrbtrader> being careful now with my position size because of the usual "chop" that occurs within 2 hours of a FOMC Announcment
[12:43] <@wrbtrader> Covered TF Short @ 610.40 --> 0
[12:47] <@wrbtrader> just watching now...price action dropped briefly between two prior key price areas that are too close to each other.
[12:48] <+codehead> AAPL's big announcement starts top of the hour
[12:49] <@wrbtrader> Yep and it should have impact on the market especially now that "boring" Paulson is testifying.
[12:50] <@wrbtrader> Geithner is more fun to watch...
[12:50] <@wrbtrader> I still think he's "vulcan" with those ears.
[12:50] <@wrbtrader>
[12:50] <+jbuch> lol
[12:50] <+codehead> extreme TICK
[12:51] <+codehead> long ES 1082.75 <paper> 2 pt target, 3 pt stop
[12:54] <+jbuch> vol kicking in
[12:55] <+Forex2stay> taken a lunch break...bbiab
[13:06] <@wrbtrader> Long TF @ 609.40 -> small size
[13:06] <@wrbtrader> 1 only
[13:08] <@wrbtrader> trail @ profit
[13:11] <+codehead> Jobs showing the iPad
[13:12] <@wrbtrader> Exited TF Long @ 610.60 --> + 1.2
[13:12] <+TL> WRB, what caught your attn on that trade?
[13:14] <@wrbtrader> Remember that hammer line back @ 1117am est and how I said their good as support.
[13:15] <@wrbtrader> the price action I traded around 1306pm est manage to fight back up and get back inside the RANGE of that 1117am est hammer line.
[13:18] <@wrbtrader> Also, I don't only use one charet interval...
[13:18] <@wrbtrader> I have on my monitor right at the moment the 1min, 3min, 5min and 15min charts
[13:18] <@wrbtrader> TF has another hammer line on the 3min chart @ 1pm est
[13:19] <@wrbtrader> It closed @ 609.80
[13:19] <@wrbtrader> I didn't want to pay that price and hoped for a retrace back down/near the shadow area of that hammer line.
[13:20] <@wrbtrader> That's where I got Long @ 609.40 although I could have grabbed 609.20 had I not been slow
[13:20] <@wrbtrader> No more trades for me until at/near the FOMC Announcement
[13:21] <+jbuch> steve jobs just announced the Ipad.
[13:21] <+jbuch> looks cool
[13:21] <@wrbtrader> Ipad...thought they would come up with a better name than that
[13:22] <@wrbtrader> Such as Itablet
[13:22] <@wrbtrader> However, smaller words are cheaper to advertise
[13:22] <+jbuch> thatis a good name
[13:23] <+jbuch> u should call him and see if he is interested.
[13:24] <+jbuch> CNBCis debating what the name should be
[13:27] <@wrbtrader> ooouch
[13:27] <@wrbtrader> CNBC women just said the name reminds her of a "womens product".
[13:27] <@wrbtrader>
[13:27] <+jbuch> yeah
))
[13:28] <+codehead> exit ES -.50 <paper> got within a tick of +2.00 target, timed out now
[13:31] <+jbuch> thinking about buying above or going short below this range.
[13:32] <+jbuch> but scaredby announcment
[13:33] <+jbuch> bummer is moving nice
[14:07] <+rickf> back for a bit
[14:07] <+rickf> ipad = yawwwn
[14:07] <+rickf> it's an ipod on steroids ... as a mac user no compelling reason to buy imho
[14:08] <+rickf> and in other news, at times i almost felt sorry for geither
[14:08] <+rickf> some of the questions were clearly to score political points and generate soundbytes -- cheapshots imho
[14:11] <+jbuch> 4 more min
[14:12] <+jbuch> tick tock, tick tock.
[14:12] <+rickf> lol
[14:13] <+jbuch> it seems as though both sides of the aisle are on board for beating up the banks.
[14:13] <+jbuch> geithner didn't really seem to have anyone that liked him
[14:13] <+rickf> nope
[14:14] <+rickf> tho some were more civil than others in their questioning/attitude ... saw examples on both sides of the aisle
[14:15] <+rickf> headfake
[14:15] <@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[14:15] <+TL> bid/ask spreads widen
[14:16] <+rickf>
http://federalreserve.gov/newsevents/pr ... 00127a.htm[14:17] <+rickf> maintain the target range for the federal funds rate at 0 to 1/4 percen
[14:17] <+TraderG> what a surprise
[14:17] <+rickf> lol
[14:17] <+rickf> closing a bunch of their programs too
[14:19] <@wrbtrader> Long TF @ 609.80 -> small size
[14:19] <@wrbtrader> 3 only
[14:19] <+TraderG> humans a weird. waiting all day for news which we know what they will be and then a hugh reaction to the expected.
[14:20] <+codehead> AAPL hod
[14:20] <+codehead> price announced
[14:20] <+codehead> starting $499, real cheap no-contract data plans
[14:20] <@wrbtrader> Exited 2/3 TF Long @ 612.00 --> + 2.2
[14:20] <+codehead> unlimited 29.99
[14:20] <+codehead> limited for half that
[14:20] <+codehead> at that price, it rocks
[14:21] <+rickf> hrmm all unlocked gsm too
[14:21] <@wrbtrader> Exited Remainder TF Long @ 611.00 --> + 1.2
[14:22] <+rickf> meh
[14:22] <+rickf> i have the same concerns as i do with the ipod/iphone (neither of which I own)
[14:23] <@wrbtrader> big hammer line on the 5min chart
[14:24] <@wrbtrader> Long TF @ 610.90 -> small size
[14:25] <@wrbtrader> Exited all TF Long @ 610.00 --> - 0.9
[14:25] <@wrbtrader> 2 only
[14:25] <@wrbtrader> Long TF @ 610.20 -> small size
[14:26] <@wrbtrader> 2 only
[14:26] * +rickf confused tape
[14:27] <@wrbtrader> Exited all TF Long @ 609.50 --> - 0.7
[14:27] <@wrbtrader> price now within the lower shadow now of that big hammer line
[14:27] <+jbuch> just wiped out a whole bunch of stops
[14:28] <@wrbtrader> Long TF @ 609.90 -> small size
[14:28] <@wrbtrader> 2 only
[14:29] <+jbuch> eaxpanding triangle
[14:29] <@wrbtrader> Exited all TF Long @ 909.60 --> + 299.7
[14:29] <@wrbtrader> ooops
[14:29] <+jbuch> NIIIICEEEE
[14:29] <+rickf> YAY!
[14:29] <+rickf>
[14:29] <@wrbtrader> Exited all TF Long @ 609.60 --> - 0.3
[14:30] <+rickf> nice knowing ya wrbtrader
[14:30] <@wrbtrader> engulfing of a hammer line
[14:30] <@wrbtrader> I'm now bearish
[14:30] <+rickf> the 6e fell off a cliff ... too bad i missed it
[14:31] <+jbuch> WOW
[14:31] <@wrbtrader> Shorts TF @ 609.60 -> small size
[14:31] <@wrbtrader> 2 only
[14:35] <+Forex2stay> even with the fall Euro 6e is still well below it's daily range.
[14:35] <+Forex2stay> current range today is 84
[14:35] <@wrbtrader> Covered all TF Short @ 609.40 --> + 0.2
[14:36] <+rickf> true ... i didn't look @ full day
[14:36] <@wrbtrader> oh oh...2nd move upwards
[14:36] <+Forex2stay> still a good run..just price range is thin this week.
[14:36] <@wrbtrader> Long TF @ 611.60 -> small size
[14:36] <+rickf> ok back to hearings ...
[14:37] <@wrbtrader> 1 only
[14:37] <@wrbtrader> intuition
[14:37] <@wrbtrader> Exited TF Long @ 611.00 --> - 0.6
[14:37] <@wrbtrader>
[14:38] <+Forex2stay> 6e trying to get back above previous LOD
[14:39] <+jbuch> what a mess
[14:40] <@wrbtrader> Long TF @ 612.30 -> small size
[14:40] <@wrbtrader> 2 only
[14:41] <@wrbtrader> intuition
[14:42] <+Forex2stay> just couldn't pull the trigger on that long entry...
[14:43] <+jbuch> me either
[14:43] <+Forex2stay> :9
[14:43] <+Forex2stay>
[14:43] <+Forex2stay> sadly it was the best entry of the day
[14:44] <+Forex2stay> 6e up agains previous bear TL
[14:44] <@wrbtrader> Exited all TF Long @ 613.40 --> + 1.1
[14:44] <@wrbtrader>
[14:44] <+Forex2stay> vn
[14:47] <+jbuch> what a crappy day new it was going to be
[14:48] <+jbuch> knew
[14:49] <+Forex2stay> Euro 6e back into the pre-FOMC price range.
[14:50] <+Nesi> Long ES @ 1089.75
[14:51] <@wrbtrader> FOMC Announcement so far not able to break out
[14:51] <+Forex2stay> sell stop to enter short EURUSD @ 1.4018
[14:52] <@wrbtrader> weak support area
[14:52] <@wrbtrader> lets see if it can get stronger
[14:54] <+Forex2stay> cancelled all open stop orders
[14:56] <@wrbtrader> Long TF @ 612.20 -> small size
[14:56] <@wrbtrader> 2 only
[14:56] <+jbuch> Long ES @ 1089
[14:56] <+Nesi> Long ES @ 1089.00 -> Add
[14:56] <+jbuch>
)))
[14:57] <@wrbtrader> chop trying to show up
[14:58] <+jbuch> Exited all ES Long @ 1089.25 --> + 0.25
[14:59] <@wrbtrader> Exited all TF Long @ 613.00 --> + 0.8
[15:00] <+Forex2stay> sell stop to enter short EURUSD @ 1.4018
[15:00] <+Nesi> Exited all ES Long @ 1091.00 --> + 3.25
[15:02] <@wrbtrader> Long TF @ 613.00 -> small size
[15:03] <@wrbtrader> 1 only
[15:03] <@wrbtrader> intuition
[15:03] <@wrbtrader> in reaction to prior trade (early exit)
[15:05] <@wrbtrader> Exited TF Long @ 612.70 --> - 0.3
[15:05] <@wrbtrader>
[15:05] <@wrbtrader> Gold and Oil doing their part via being stable.
[15:06] <@wrbtrader> Eminis just not taking advantage of the stability in other key markets
[15:06] <+Nesi> Long ES @ 1088.50
[15:06] <+Nesi> 1
[15:07] <+Nesi> Exited all ES Long @ 1087.50 --> - 1
[15:08] <+Nesi> Long ES @ 1088.00
[15:08] <+Nesi> 1
[15:11] <+Forex2stay> Sell stop hit
[15:11] <+Nesi> Exited all ES Long @ 1086.50 --> - 1.5
[15:11] <+Forex2stay> Shorts EURUSD @ 1.4018
[15:11] <@wrbtrader> Shorts TF @ 610.50 -> small size
[15:11] <@wrbtrader> support broken
[15:12] <+Nesi> Long ES @ 1086.25
[15:12] <+Nesi> 2
[15:12] <+Forex2stay> SL to BE
[15:13] <+Forex2stay> Covered 1/2 EURUSD Short @ 1.3995 --> + 0.0023
[15:13] <+Forex2stay> SL to BE on remainder
[15:13] <@wrbtrader> what's keeping this up...I just don't know
[15:14] <@wrbtrader> Covered all TF Short @ 611.50 --> - 1
[15:15] <+Forex2stay> man that retraced fast
[15:15] <+Forex2stay> SL still BE on remaining half
[15:15] <@wrbtrader> TF bounced off the FOMC pivot
[15:17] <+TL> es & tf cmae back to vwaps & near opng prices, what next? are the 3 moves over?
[15:18] <@wrbtrader> Shorts TF @ 611.10 -> small size
[15:18] <@wrbtrader> 3 only
[15:18] <@wrbtrader> looking to add
[15:19] <+rickf> back
[15:19] <@wrbtrader> Covered all TF Short @ 612.10 --> - 1
[15:20] <+Nesi> Exited all ES Long @ 1088.00 --> + 1.75
[15:20] <@wrbtrader> It's tought trading again because I see I'm getting taking out easily by 1 contract trades
[15:21] <@wrbtrader> Back below 20 points
[15:21] <@wrbtrader> can't break that 25 point barrier of the month
[15:21] <@wrbtrader> 25 points is my best day of the month...
[15:21] <@wrbtrader> Trying to break that today
[15:23] <@wrbtrader> FYI - A trend day has a high probability chance of occurring within the next 3 trading days.
[15:23] <+Forex2stay> Covered Remainder EURUSD Short @ 1.4018 --> 0
[15:23] <+Forex2stay> trailing SL hit on remainder
[15:23] <@wrbtrader> or a STrong Directional Price Movement
[15:24] <+Nesi> Shorts ES @ 1089.50
[15:24] <+Nesi> 1
[15:24] <@wrbtrader> There's two tough range areas...
[15:24] <@wrbtrader> 1st mainly around 2:30pm
[15:24] <@wrbtrader> 2nd mainly around 1505pm est
[15:24] <+Forex2stay> got my pocket picked
[15:25] <@wrbtrader> TF currently a few ticks above the 1505pm est range
[15:26] <+Nesi> Covered ES Short @ 1090.50 --> - 1
[15:26] <+Nesi> Reverse and Enter Long ES @ 1090.50
[15:27] <+Nesi> Long ES @ 1090.00 -> Add
[15:27] <@wrbtrader> Long TF @ 613.10 -> small size
[15:27] <@wrbtrader> 2 only
[15:27] <@wrbtrader> intuition
[15:28] <+jbuch> Long ES @ 1090
[15:28] <+jbuch> ata down trendline here
[15:28] <+jbuch> peeking above it
[15:29] <@wrbtrader> Exited all TF Long @ 613.40 --> + 0.3
[15:29] <@wrbtrader> geesh
[15:29] <@wrbtrader> picked pocketed
[15:30] <@wrbtrader> Almost as if they NEEDED those contracts to take it higher
[15:31] <@wrbtrader> Long TF @ 614.50 -> small size
[15:31] <@wrbtrader> 2 only
[15:31] <@wrbtrader> intuition
[15:31] <+Forex2stay> Long EURUSD @ 1.4024
[15:32] <+Nesi> Exited all ES Long @ 1094.75 --> + 9
[15:32] <+Nesi> done for today
[15:32] <@wrbtrader> Exited all TF Long @ 616.70 --> + 2.2
[15:32] <+Forex2stay> nice Nesi
[15:33] <+jbuch> Exited all ES Long @ 1094.5 --> + 4.5
[15:33] <+Forex2stay> nice jb
[15:34] <+jbuch> thanks
[15:34] <+jbuch> nice Nesi
[15:35] <+rickf> vn jb
[15:35] <@wrbtrader> Price action still trading within a key area of 617.50 - 615.90
[15:35] <@wrbtrader> Prior area (now support) was 615.00 - 613.00
[15:38] <@wrbtrader> Shorts TF @ 617.40 -> small size
[15:39] <@wrbtrader> 3 only
[15:39] <@wrbtrader> intuition
[15:39] <+Forex2stay> SL to BE
[15:40] <@wrbtrader> Covered all TF Short @ 617.00 --> + 0.4
[15:43] <@wrbtrader> volatility declining fast.
[15:43] <@wrbtrader> almost dead
[15:43] <+Forex2stay> Exited Remainder EURUSD Long @ 1.4028 --> + 0.0004
[15:43] <@wrbtrader> It's going to pop...up or down.
[15:43] <+Forex2stay> i'm done for the day
[15:43] <@wrbtrader> will try to hitch a ride when it does
[15:46] <@wrbtrader> Long TF @ 616.80 -> small size
[15:46] <@wrbtrader> 2 only
[15:47] <@wrbtrader> hammer line but it has no support from other key markets
[15:47] <@wrbtrader> will keep a tight stop because of such
[15:48] <@wrbtrader> Exited all TF Long @ 616.40 --> - 0.4
[15:49] <@wrbtrader> Shorts TF @ 616.20 -> medium size
[15:49] <@wrbtrader> 3 only
[15:52] <@wrbtrader> Covered all TF Short @ 616.60 --> - 0.4
[15:53] <@wrbtrader> tight 6 tick range I'm currently trading within
[15:55] <@wrbtrader> Shorts TF @ 616.20 -> small size
[15:55] <@wrbtrader> 2 only
[15:56] <t> Shorts YM @ ym
[15:56] <@wrbtrader> Covered all TF Short @ 616.40 --> - 0.2
[15:56] <+t> Shorts YM @ ym10
[15:56] <@wrbtrader>
[15:56] <+t> Shorts YM @ ym
[15:56] <@wrbtrader> tough
[15:56] <+jbuch> will be interesting to c if we get another afternoon sell off
[15:57] <@wrbtrader> Long TF @ 616.80 -> small size
[15:57] <@wrbtrader> 3 only
[16:01] <+rickf> ok that's last time i put an SPX spread on ... sat above my price for 25m and never got a fill
[16:01] <+rickf> will shift over to the RUT instead
[16:01] <+rickf> SPX is great when you can get a fill, but that's the question - IF - you can get one
[16:02] <@wrbtrader> Exited all TF Long @ 617.00 --> + 0.2
[16:02] <@wrbtrader> rickf...you talking about options
[16:02] <+rickf> yes
[16:03] <+rickf> the pit options, not options on the emini
[16:03] <+rickf> problem is the SPX options are only traded in one market in the pit on one exchange
[16:03] <+rickf> just had to be reminded why i should not trade 'em
[16:04] * Looking up t user info...
[16:04] <+t> Covered 1/3 YM Short @ 10 --> + ym - 10
[16:05] <+t> Covered 1/3 YM Short @ 10 --> + ym - 10
[16:06] <@wrbtrader> Reminder - #FuturesTrades will soon be moved from IRC to a Twitter Group. Recommend you get your twitter account (free) now and use tweetdeck (free).
[16:07] <@wrbtrader> This will allow all to have better connection, better control on whom you want to listen to or ignore, better control on whom can view your messages and you'll have the option of being mobile via iPod, blackberry, cell phone or other applications.
[16:08] <@wrbtrader> My twitter account is
http://twitter.com/wrbtrader/[16:08] <+TL> wrb, i notice in twtter msgs are very delayed, & very hard to follow conversation. unless I'm not looking @ the riught area in twitter is there a special area?
[16:08] <@wrbtrader> today there's a server problem
[16:09] <@wrbtrader> heard theres an upgrade occurring with some new applications being released
[16:09] <@wrbtrader> However, not sure why you're having a hard time of following conversation.
[16:09] <@wrbtrader> Whom are you following
[16:09] <+jbuch> state of the union tonight
[16:10] <@wrbtrader> Yeah...doesn't sound like you're looking in the right area.
[16:10] <+rickf> is #futurestrades te group name?
[16:11] <@wrbtrader> New name not decided upon...
[16:11] <@wrbtrader> could be but haven't decided.
[16:11] <+TL> there way too much room between the lines of text & you can't scroll up & down to find previous msgs, not time stamp
[16:11] <+rickf> hope twitter group chat is as "realtime" as IRC ...I kind of like the speed of IRC viz-a-viz Twitter
[16:11] <@wrbtrader> TL...I really don't know where you're at.
[16:12] <@wrbtrader> Your describing something I don't use nor see.
[16:12] <+rickf> twitter is great for me to lurk and monitor but for realtime? happy to give it a whirl
[16:12] <@wrbtrader> sounds like you guys are in some "public" area.
[16:13] <+rickf> wrbtrader if you want to beta test something on twitter just let me know - happy to help
[16:13] <+TL> its not even close to real time maybe delayed minutes, I follw many inludling you. if you had 1 hr of the this text on twitter it would take 4-5pages of twitter & you can't acess the pages
[16:13] <@wrbtrader> TL...you're in a PUBLIC AREA
[16:14] <+TL> that's may point, where is a private room to test
[16:14] <+TL> my
[16:14] <@wrbtrader> It's not open
[16:14] <@wrbtrader> I have a private "LIST" I'm using right now in tweetdeck
[16:14] <+TL> give me another example I don;t know of "private rooms"?
[16:15] <@wrbtrader> Do you see the LIST menu
[16:15] <@wrbtrader> LIST are essentially private tweets sort'uv speak.
[16:16] <+rickf> i can do lists on my Twiiter client
[16:16] <@wrbtrader> Yep...anybody can.
[16:16] <@wrbtrader> Once you create a LIST...you then invite traders to join your LIST.
[16:17] <+rickf> well whenever you get the list info ready just let us know
[16:17] <@wrbtrader> LIST is one way and there's other ways of making a private group.
[16:18] <@wrbtrader> I rarely view the PUBLIC stuff...too much noise.
[16:19] <+TL> yes i use the list area (youre in my traders list) i have rugby, racing, golf, etc; the thy're just separate pages of the same problems that i explained. i've been trying to follow a market profile trader on Twitter & its impossible to follow the consrvation in realtime.
[16:19] <@wrbtrader> You using your browser
[16:19] <+TL> y
[16:19] <@wrbtrader> Don't
[16:20] <+rickf> nope
[16:20] <+rickf> using nambu on macosx
[16:20] <@wrbtrader> browser don't time stamp, don't maintain a log and tough to segregate out the noise.
[16:20] <@wrbtrader> Reason why I've recommended tweetdeck.
[16:21] <@wrbtrader> There's others but I'm still learning the other programs
[16:21] <@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[16:22] <+TL> i tried tweetdeck but its a ram hog & too much wasted space on a full page - it really doesn't matter, my point is that MIRC works really well, twitter may improve
[16:23] <@wrbtrader> +TL...you're not in any private rooms.
[16:23] <@wrbtrader> Here's an analogy...
[16:23] <@wrbtrader> Combine all the IRC rooms and call them Twitter.
[16:24] <@wrbtrader> That's what you're currently looking at.
[16:24] <@wrbtrader> I've been there...know exactly what you're seeing.
[16:25] <@wrbtrader> Once you get into a private room...you see ONLY what you want to see without the noise.
[16:25] <@wrbtrader> Just like in here...we don't get messages from other IRC rooms.
[16:25] <@wrbtrader> Just stuff from those in #FuturesTrades
[16:26] <@wrbtrader> I'll let you know when the private room becomes available on twitter...
[16:26] <@wrbtrader> You can then join and then do a comparison
[16:27] <+rickf> any ETA when this changeover will happen
[16:27] <@wrbtrader> Until then...I don't recommend using the PUBLIC AREA unless you use something like tweetdeck or similar.
[16:27] <@wrbtrader> There's about 10 other programs out there besides tweetdeck.
[16:27] <+TL> I guess i'm not in the right area of twitter, all i know is i have MIRC reduced to a very small space in one of my monitirs & can follow along with no problems. when I started using twitter (month ago) I can't replicate the same performance, speed, size & ease of use. I look forward if you say its better
[16:27] <@wrbtrader> You can use any one you want.
[16:27] <+TL> months ago >6
[16:28] <@wrbtrader> Lets put it this way...I don't use the PUBLIC AREA. Impossible to streamline what I want to see.
[16:28] <@wrbtrader> Here's an example of a private area away from the public area...
[16:29] <+TL> do you use tweetdecK
[16:29] <+rickf> i am downloading twitdeck now
[16:29] <@wrbtrader>
http://www.stocktwits.com/t/ES_F[16:29] <@wrbtrader> See how streamline that private twitter area is for Emini ES
[16:30] <@wrbtrader> It's timestamp...clean...no noise.
[16:31] <@wrbtrader> Only problem with the browser of a private room is that you can't "download a log".
[16:31] <@wrbtrader> Reason why I don't recommend the browser unless you have to.
[16:33] <@wrbtrader> That's why I was wondering where exactly were you at (as in a link) because twitter if big.
[16:33] <@wrbtrader> if = is
[16:33] <@wrbtrader> stocktwits also has there own standalone program
[16:34] <@wrbtrader> I've downloaded it but have not tested it.
[16:36] <+TL> but WRB, that page has adds all over it & news flashing etc fthe twitter content is only in the center of the page in very small area of the whole page, I stated with stocktwits but too much nonsense
[16:37] <+rickf> hrmmm so if you set your twitdeck to check lists quickly (ie realtime) you essentially kill your API quota and can get locked up
[16:37] <@wrbtrader> If it's free...your going to see adds somewhere...at the bottom, top or side.
[16:37] <@wrbtrader> I don't really notice them.
[16:38] <+rickf> ie, twitdeck only refreshes lists every 24s at 100% use.
[16:38] <@wrbtrader> regardless...I don't use stocktwits and it's just an example of avoiding the PUBLIC AREA
[16:38] <+rickf> that's with me setting every other API use to 0 % utilization
[16:38] <@wrbtrader> stocktwits is a private area
[16:40] <+TL> I'm not trying to be a negative voice, I just don't see the benefits yet vis-a-vis IRC. I use both all day & have real problems using twitter for anything that would replace IRC
[16:41] <@wrbtrader> How do you use IRC when you're not at your computer
??
[16:41] <+rickf> there are IRC clients for phones and pdas
[16:42] <@wrbtrader> Yes but problematic
[16:42] <@wrbtrader> I call them "app killers".
[16:44] <+rickf> unless i am misunderstanding twitter, at least in my case i don't think itd be as useful as the private room here on irc
[16:44] <+rickf> i don't find twitter anywhere as realtime as irc
[16:45] <+rickf> but i admit i am somewhat new to twitter
[16:49] <@wrbtrader> IRC is fast but limited
[16:50] <@wrbtrader> It also has a 78% up time
[16:50] <+rickf> IRC? or jsut your provider? I've never had issues connecting here
[16:50] <@wrbtrader> IRC othernet server goes down about once per month.
[16:50] <+rickf> oh
[16:51] <@wrbtrader> You'll see it when there's no @x in the room
[16:51] <+rickf> OH
[16:51] <@wrbtrader> That means the server is down.
[16:51] <@wrbtrader> That's just the server issue.
[16:51] <@wrbtrader> Than there's a problem with the "private" rooms.
[16:52] <+rickf> sorry, i dont mean to sound anti-change ... I'm not --- I just finally got comfy using IRC as a trading forum
[16:52] <@wrbtrader> About have the members of #FuturesTrades can't get in here when the room is "private" even if they have the correct password.
[16:52] <@wrbtrader> Othernet folks has been promising to fix that for many years now.
[16:52] <+rickf> dumb question but have you looked at alternative providers? i could perhaps ask some friends who have reliable hosts if they'd do me/us a favor
[16:53] <@wrbtrader> I don't run Othernet
[16:53] <@wrbtrader> Wish I did...would switch servers
[16:53] <+rickf> lol
[16:53] <+rickf> i'll ask some friends. i have some favors that need repayment lol
[16:54] <@wrbtrader> I'll make a list of all the twitter applications (browser base or stand alone) that can be used for the private group.
[16:55] <@wrbtrader> Thus, members can use whatever programs they want to log into the "private group" on twitter.
[16:55] <@wrbtrader> I have a big monitor...tweetdeck uses about 1/8 of the space on one of my monitors.
[16:56] <@wrbtrader> Meant big monitors (as in plural).
[16:56] <@wrbtrader> I have tweetdeck the same size as my IRC window.
[16:56] <@wrbtrader> IRC above tweetdeck
[17:01] <+rickf> hrm....well it'll be a learning experience for us all as we move along.
[17:04] <+rickf> okies out of here ... early dinner.
[18:24] <@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[20:27] <@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: Wed Jan 27 20:55:23 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=5The 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
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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,
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@
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