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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
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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 May 07 09:25:02 2010
Session Ident: #FuturesTrades
[09:25] * Now talking in #FuturesTrades
[09:25] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:25] <rickf>
all
[09:25] <xtractor> expecting large swings as market attempts price discovery...of course not as large as yest
[09:26] <+rickf> fyi - not trading this AM session; have meetings through around 1300 ET
[09:27] <+xtractor> many traders taking today off to let things settle down
[09:27] <+rickf> lol -- yeah no kididng
[09:28] <+xtractor> we'll have over 1 mil ES just after open
[09:28] <+xtractor> TF flirting with the sign of the beast
[09:29] <drt>
[09:30] <+rickf> ding ding ding .... thre goes swifty
[09:30] <MrYinYangTrader> Long TF @ 665.5
[09:30] <+MrYinYangTrader> Exited all TF Long @ 666 --> + 0.5
[09:31] <+xtractor> shorts 664.6
[09:31] <+xtractor> cover part 663.6 +1
[09:32] <+xtractor> cover part 662.6 +2
[09:32] <+xtractor> cover all 663.1 +1.3
[09:33] <+xtractor> +1.5
[09:34] <+xtractor> buys ES 1118.25
[09:34] <+xtractor> buys tf 663.3
[09:35] <@wrbtrader> Long TF @ 663.30 -> small size
[09:35] <@wrbtrader> 3 only
[09:37] <+MrYinYangTrader> Long TF @ 664
[09:37] <@wrbtrader> trailing @ profit
[09:38] <+xtractor> sells part 666.3 +3
[09:38] <+MrYinYangTrader> Exited Remainder TF Long @ 668.6 --> + 4.6
[09:38] <+xtractor> sells part 1125.25 +7
[09:38] <@wrbtrader> Exited 2/3 TF Long @ 668.40 --> + 5.1
[09:38] <+MrYinYangTrader> nice wrb
[09:39] <+xtractor> sells part 671.3 +8
[09:39] <+xtractor> sells part 1128.5 +10.25
[09:40] <+xtractor> sells all 671.4 +8.1
[09:40] <+MrYinYangTrader> nice xtr
[09:40] <+xtractor> sells all 1128.25 +10
[09:40] <@wrbtrader> Gets very interesting now after gaps on key markets have filled
[09:41] <+MrYinYangTrader> Long TF @ 670.50
[09:41] <@wrbtrader> tight trail now
[09:44] <@wrbtrader> Exited Remainder TF Long @ 663.50 --> + 0.2
[09:44] <@wrbtrader> ooops
[09:44] <+xtractor> nice hold
[09:44] <@wrbtrader> Exited Remainder TF Long @ 673.50 --> + 10.2
[09:45] <@wrbtrader> thanks...gamble that a short squeeze would occur after the gap fill because a lot of traders see such as a resistance level
[09:45] <+xtractor> shorts 1131.5
[09:46] <+xtractor> shorts 672.9
[09:46] <+rickf> ok wrbtrader you're one today .... go fishing
[09:46] <+rickf>
[09:46] <@wrbtrader> Meant...gamble that I could squeeze out another few points on that profitable trade via a short squeeze
[09:47] <@wrbtrader> "Minimizing losses...Maximizing profits" is the key in high volatility trading conditions
[09:48] <+xtractor> covers 669.2 +3.7
[09:48] <+xtractor> covers 1126.25 +5.25
[09:49] <@wrbtrader> Nice short...missed it.
[09:49] <+xtractor> buys 670.3
[09:49] <@wrbtrader> Long TF @ 671.50 -> small size
[09:49] <@wrbtrader> 2 only
[09:49] <@wrbtrader> Exited all TF Long @ 670.50 --> - 1
[09:50] <+MrYinYangTrader> Exited Remainder TF Long @ 670.90 --> + 0.4
[09:50] <@wrbtrader> Long TF @ 670.60 -> medium size
[09:50] <@wrbtrader> 4 only
[09:50] <@wrbtrader> a little choppy
[09:50] <+xtractor> sells 671.7 +1.4
[09:52] <@wrbtrader> Exited 2/3 TF Long @ 672.00 --> + 1.4
[09:53] <@wrbtrader> Exited Remainder TF Long @ 670.10 --> - 0.5
[09:53] <@wrbtrader> @ support
[09:53] <+xtractor> market trying to find direction
[09:54] <@wrbtrader> If support breaks...
[09:54] <@wrbtrader> I'll go large
[09:54] <+xtractor> shorts 669.2
[09:55] <@wrbtrader> Shorts TF @ 668.80 -> large size
[09:55] <+xtractor> shorts 1124.25
[09:55] <@wrbtrader> 6 only (3+3)
[09:56] <+xtractor> covers 668.2 +1
[09:56] <@wrbtrader> Covered 1/2 TF Short @ 668.00 --> + 0.8
[09:57] <+xtractor> covers 1122.5 +1.75
[09:57] <@wrbtrader> Covered Remainder TF Short @ 668.80 --> 0
[09:58] <+xtractor> building support 667.5
[09:58] <@wrbtrader> Long TF @ 668.60 -> small size
[09:58] <@wrbtrader> 2 only
[09:58] <@wrbtrader> Exited all TF Long @ 669.00 --> + 0.4
[09:59] <@wrbtrader> Shorts TF @ 667.30 -> medium size
[09:59] <@wrbtrader> 4 only
[10:00] <@wrbtrader> their trying to "walk this down" without any panick
[10:01] <+xtractor> shorts 667.1
[10:01] <+xtractor> vix still very high
[10:01] <+xtractor> covers part 665.1 +2
[10:02] <+xtractor> covers part 664.1 +3
[10:02] <@X> #FuturesTrades Purpose -> 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[10:03] <@wrbtrader> Covered all TF Short @ 664.20 --> + 3.1
[10:03] <@wrbtrader> sidelined...will just watch...got lost in that Short.
[10:03] <+xtractor> covers all 662.1 +5
[10:05] <+xtractor> wow breaking lows
[10:06] <+xtractor> buys 1113
[10:07] <+xtractor> buys 658.8
[10:08] <+xtractor> sells part 1118.5 +5.5
[10:09] <+xtractor> sels part 662.8 +4
[10:12] <@wrbtrader> Traders that live by the motto of "no stops" usually have trading problems on high volatility trading days like today and yesterday.
[10:14] <+xtractor> sells part 1118.5 +6.5
[10:15] <+xtractor> +5.5
[10:15] <@wrbtrader> I'm a little bullish right now but there's too much down pressure
[10:16] <@wrbtrader> Long TF @ 659.80 -> small size
[10:16] <@wrbtrader> 2 only
[10:16] <+xtractor> you can get whiplash watching these moves
[10:16] <@wrbtrader> choppy
[10:17] <@wrbtrader> Exited all TF Long @ 659.00 --> - 0.8
[10:17] <@wrbtrader> @ support
[10:17] <+xtractor> stopped 658.9 +0.1
[10:17] <@wrbtrader> Shorts TF @ 657.60 -> medium size
[10:18] <@wrbtrader> 4 only
[10:18] <+xtractor> stopped 1113.25 +0.25
[10:19] <@wrbtrader> Covered all TF Short @ 656.40 --> + 1.2
[10:19] <+xtractor> buys 667.2
[10:19] <+xtractor> 657.2
[10:21] <+xtractor> stopped 655.1 -2.1
[10:21] <+xtractor> buys 654.3
[10:21] <+xtractor> buys 1107.75
[10:22] <@wrbtrader> This is a good price area for TF to attempt a decent counter-thrust back upwards.
[10:22] <@wrbtrader> Long TF @ 656.20 -> medium size
[10:22] <@wrbtrader> 4 only
[10:23] <+xtractor> sells part 656.4 +2
[10:23] <+xtractor> sells part 1110.5 +2.75
[10:24] <@wrbtrader> tighten trail
[10:24] <@wrbtrader> Exited all TF Long @ 655.40 --> - 0.8
[10:24] <@wrbtrader> Shorts TF @ 653.00 -> medium size
[10:25] <@wrbtrader> 4 only
[10:27] <@wrbtrader> Covered all TF Short @ 650.70 --> + 2.3
[10:27] <@wrbtrader> crazy
[10:27] <@wrbtrader> don't have time to calculate too much...
[10:27] <@wrbtrader> just put a buy or sell order and hope it gets hit
[10:28] <@wrbtrader> wow
[10:28] <+xtractor> vix over 40
[10:29] <+xtractor> at this rate we could test yest low
[10:30] <+xtractor> buys 647.3
[10:30] <+xtractor> buys 1096.5
[10:30] <@wrbtrader> If we do test the lows of yesterday...that makes the "fat finger" market excuse yesterday a poor excuse for current market conditions.
[10:31] <+xtractor> yes still no reasonable explaination
[10:31] <+xtractor> all exchanges denying any tech issues
[10:31] <+xtractor> citi denying the B for M mistake
[10:31] <@wrbtrader> Maybe that trader really wanted to hit the "billion" key instead of the "million" key
[10:31] <@wrbtrader>
[10:32] <+xtractor> sells 653.7 + 6.4
[10:32] <+xtractor> sells 1104.25 +7.75
[10:33] <+xtractor> can't post fast enough
[10:33] <Risk>
)
[10:34] <+xtractor> Romer says US Treasury investigating stock plunge RTR
http://is.gd/bYDlG[10:36] <@wrbtrader> I guess they want to overlook how things were getting bad in Europe long before the "plunge"
[10:36] <+xtractor> one thing for sure is that brokers and exchanges are making a lot of money on this heavy volume
[10:36] <@wrbtrader> I can understand if the markets were normal and then the plunge occurred...
[10:37] <+xtractor> yes the story is fishy
[10:37] <@wrbtrader> However, the markets were already selling off HEAVILY prior to the plunge
[10:37] <@wrbtrader> agree
[10:37] <+xtractor> we will probably never know the real reasons
[10:39] <+xtractor> there is some talk of foreign espionage ie hacking but when i mentioned it last night in newsroom i was called a whack job
[10:40] <@wrbtrader> Many years ago one of the institutional firms in France has a "hacker" break into their system...a few days later they had a "fat finger" trade problem.
[10:41] <+xtractor> interesting
[10:45] <+xtractor> buys 651.7
[10:45] <+xtractor> buys 1101.25
[10:49] <+xtractor> sells part 655.8 +4.1
[10:50] <@wrbtrader> Long TF @ 664.80 -> small size
[10:50] <@wrbtrader> 3 only
[10:50] <+xtractor> sells part 1106.5 +5.25
[10:50] <@wrbtrader> intuition
[10:50] <@wrbtrader> correction
[10:50] <@wrbtrader> Long TF @ 654.80 -> small size
[10:51] <+xtractor> sells all 654.1 + 2.4
[10:52] <+xtractor> sells all 1105 +3.75
[10:52] <@wrbtrader> Exited all TF Long @ 654.00 --> - 0.8
[10:53] <@wrbtrader> Long TF @ 655.00 -> large size
[10:53] <@wrbtrader> 6 only (3+3)
[10:55] <@wrbtrader> Exited 1/2 TF Long @ 656.00 --> + 1
[10:58] <@wrbtrader> Exited Remainder TF Long @ 655.30 --> + 0.3
[10:59] <@wrbtrader> started going insane in that chop
[11:00] <@wrbtrader> We actually have a low volatility 7 point range
[11:00] <@wrbtrader> since 1040am est
[11:02] <@wrbtrader> Long TF @ 657.30 -> medium size
[11:02] <@wrbtrader> 4 only
[11:02] <+MrYinYangTrader> can't pull the trigger.... too fast datafeed not catching up
[11:02] <@wrbtrader> intuition
[11:03] <@wrbtrader> Exited all TF Long @ 656.00 --> - 1.3
[11:03] <+xtractor> yes the chop is exhausting me as well
[11:04] <@wrbtrader> range still decreasing...now 5.5 points
[11:04] <@wrbtrader> Long TF @ 655.40 -> medium size
[11:05] <@wrbtrader> 4 only
[11:05] <+xtractor> reversal occurred right at 10:30...seemed unnatural
[11:05] <@wrbtrader> same intution trade after a recent missed Long signal
[11:06] <@wrbtrader> trailing @ profit
[11:06] <@wrbtrader> Exited 3/4 TF Long @ 659.50 --> + 4.1
[11:08] <@wrbtrader> Exited Remainder TF Long @ 658.00 --> + 2.6
[11:08] <@wrbtrader> geeesh
[11:08] <+xtractor> crazy
[11:09] <+xtractor> buy 1111.25
[11:12] <+xtractor> sells part 1115.25 +4
[11:14] <+xtractor> only positive from this selloff is oil and unleaded gas getting sold as well
[11:15] <+xtractor> rbob dropped $0.30
[11:16] <+xtractor> sells part 1119.25 +8
[11:16] <@wrbtrader> another resistance failure
[11:17] <@wrbtrader> Long TF @ 667.40 -> small size
[11:17] <@wrbtrader> 3 only
[11:17] <+xtractor> the powers do not want another down day on friday
[11:17] <+xtractor> so no public panic
[11:18] <+xtractor> sells all 1125.5 +14.25
[11:18] <@wrbtrader> Exited all TF Long @ 668.00 --> + 0.6
[11:19] <@wrbtrader> bad trade management on that one...had reached my profit goal for the day and let it retraced
[11:19] <@wrbtrader> now I'm 1 tick away from my goal of the day
[11:19] <+xtractor> buys 1119
[11:21] <@wrbtrader> back below that recent resistance area
[11:23] <+xtractor> buys 663.8
[11:23] <@wrbtrader> Long TF @ 664.60 -> small size
[11:23] <@wrbtrader> 2 only
[11:23] <@wrbtrader> intuitio
[11:23] <@wrbtrader> punks
[11:23] <+xtractor> sells 1121 +2
[11:24] <@wrbtrader> Exited all TF Long @ 664.00 --> - 0.6
[11:24] <+xtractor> sells 664.2 +0.4
[11:25] <+xtractor> shorts 1116.75
[11:25] <@wrbtrader> Shorts TF @ 662.60 -> small size
[11:25] <@wrbtrader> 3 only
[11:26] <@wrbtrader> intuition
[11:26] <+xtractor> sells 1114.25 +2.5
[11:26] <@wrbtrader> chop giving me a headache
[11:26] <+xtractor> agree!
[11:27] <+MrYinYangTrader> Shorts TF @ 662.30
[11:27] <+MrYinYangTrader> ok lets see if i can get in this action
[11:28] <@wrbtrader> Covered all TF Short @ 660.40 --> + 2.2
[11:30] <+xtractor> shorts 660.5
[11:30] <@wrbtrader> needs to drop lower to reach any key level for trading.
[11:30] <@wrbtrader> sidelined
[11:32] <+xtractor> cover part 657.1 +3.4
[11:32] <+xtractor> cover part 657.2 +3.3
[11:32] <@X> #FuturesTrades Purpose -> 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[11:34] <+xtractor> stopped 660.4 +0.1
[11:41] <+MrYinYangTrader> europe session is closing soon.
[11:43] <+MrYinYangTrader> Covered TF Short @ 661.20 --> + 1.1
[11:43] <+MrYinYangTrader> Reverse and Enter Long TF @ 661.20
[11:45] <@wrbtrader> MrYin...the normal trading session in Europe is closing soon...
[11:45] <@wrbtrader> not the Futures
[11:47] <+MrYinYangTrader> yea... that's what i meant.. sorry...
[11:48] <+xtractor> buys 663.2
[11:49] <+MrYinYangTrader> i was told to watch that once, since european traders might be closing their position
[11:50] <@wrbtrader> agree and the U.S markets "usually" have a price reaction to such...
[11:51] <@wrbtrader> Similar to the stock market reacting to the bond market close
[11:51] <+MrYinYangTrader> Exited all TF Long @ 661.40 --> + 0.2
[11:52] <+xtractor> sell 661.4 -1.8
[11:52] <+MrYinYangTrader> geez
[11:53] <+xtractor> buys 661.1
[11:54] <+xtractor> sells 663.3 +2.2
[11:54] <+xtractor> time for lunch
[11:54] <+xtractor>
)
[12:00] * codehead_afk is now known as codehead
[12:04] <+MrYinYangTrader> Long TF @ 663
[12:05] <+xtractor> today's SPX low was right at the 200ema daily
[12:05] <+xtractor> that's when the big buying came in
[12:05] <+xtractor> someone's watching
[12:06] <+codehead> wow, pretty thin bids/offers today huh
[12:07] <+xtractor> already 3.2 mil on ES
[12:07] <+codehead> yeah, just mean the bids/asks, people not putting up a lot
[12:13] <@wrbtrader> Shorts TF @ 665.50 -> small size
[12:13] <@wrbtrader> 2 only
[12:14] <@wrbtrader> Covered all TF Short @ 666.50 --> - 1
[12:15] <+MrYinYangTrader> maybe they will bring this back to when the market started the drop...
[12:15] <@wrbtrader> @ resistance
[12:16] <@wrbtrader> Long TF @ 667.80 -> small size
[12:16] <@wrbtrader> 3 only
[12:19] <@wrbtrader> Exited all TF Long @ 669.20 --> + 1.4
[12:20] <@wrbtrader> I'm bearish now
[12:20] <@wrbtrader> Shorts TF @ 668.50 -> small size
[12:20] <@wrbtrader> 3 only
[12:22] <@wrbtrader> Covered all TF Short @ 667.80 --> + 0.7
[12:22] <@wrbtrader> sidelined again...
[12:23] <@wrbtrader> that headache from the chop has returned
[12:23] <+MrYinYangTrader> don't know how you do it trading on the short time frame wrb
[12:23] <+MrYinYangTrader> i had to go to the 10min charts
[12:23] <@wrbtrader> short time frame
[12:23] <+MrYinYangTrader> shorter
[12:23] <@wrbtrader> like 1min, 2min, 3min and 5min charts
[12:23] <+MrYinYangTrader> yea
[12:24] <@wrbtrader> On days when I intentionally want to slow it down...a few trades only...I'll use the 15 min chart interval
[12:25] <@wrbtrader> @ support
[12:26] <@wrbtrader> Shorts TF @ 664.40 -> small size
[12:26] <@wrbtrader> 2 only
[12:26] <@wrbtrader> support failure
[12:28] <@wrbtrader> I'm getting some strange bid/ask info now
[12:28] <@wrbtrader> Covered all TF Short @ 663.90 --> + 0.5
[12:29] <@wrbtrader> messed up that trade
[12:31] <@wrbtrader> be back later...going to lunch and hopefully when I return...my time & sales screen isn't weird.
[12:31] * wrbtrader is now known as wrbtrader_away
[12:33] <+MrYinYangTrader> Exited all TF Long @ 660.50 --> - 2.5
[12:35] <+Risk>
[12:46] <+MrYinYangTrader> wow look at gold
[12:59] <@X> #FuturesTrades Purpose -> 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[14:02] <+xtractor> buys 658.6
[14:03] <+xtractor> sells part 659.6 +1
[14:14] <+xtractor> buys 656.2 add
[14:23] <+xtractor> sells 657.4 +0 avg
[14:26] <+xtractor> buys 656.3
[14:27] <+xtractor> 655.3
[14:29] <+xtractor> buys 1107.5
[14:29] <@X> #FuturesTrades Purpose -> 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[14:31] <+xtractor> sells all 1108 +0.5
[14:32] <+xtractor> sells all 655.6 +0.3
[14:45] <+xtractor> shorts 1112.5
[14:46] * wrbtrader_away is now known as wrbtrader
[14:47] <+xtractor> covers 1112.25 +0.25
[14:50] <+xtractor> buys 1108.25
[14:52] <+xtractor> buys 653.7
[14:54] <@wrbtrader> Long TF @ 653.30 -> small size
[14:55] <@wrbtrader> 2 only
[14:56] <@wrbtrader> Exited all TF Long @ 653.40 --> + 0.1
[14:57] <+rickf> back
[14:57] <@wrbtrader> Long TF @ 654.00 -> medium size
[14:57] <@wrbtrader> 4 only
[14:59] <+codehead> NQ did a little dbl bottom, potentiallty
[15:00] <+xtractor> my patience being tested in afternoon trade
[15:00] <@wrbtrader> Exited all TF Long @ 653.00 --> - 1
[15:01] <+rickf> i did a bloomberg tv interview this afternoon
[15:01] <@wrbtrader> Long TF @ 653.50 -> medium size
[15:01] <@wrbtrader> 4 only
[15:01] <+codehead> as in, interviewed?
[15:02] <+rickf> as in, on-tv, makeup, mic, and earpiece
[15:02] <@wrbtrader> they ran my trailing stop nicely on that prior trade...punks
[15:02] <+xtractor> what were you being interviewed for?
[15:02] <+rickf> yesterday's market action -- any chance of it being a cybersecurity problem
[15:02] <+xtractor> hmmmm
[15:02] <+rickf> to which i said unlikely -- and then condemned HFT
[15:03] <+rickf> said it's always possible but not very probable
[15:03] <+xtractor> are you a wall streeter?
[15:04] <+rickf> I'm in DC
[15:05] <@wrbtrader> Exited all TF Long @ 654.00 --> + 0.5
[15:06] <+xtractor> if you want, post a link for us to watch...no problem if you prefer to remain anonymous
[15:07] <+rickf> lol when the vid gets posted i will
[15:07] <@wrbtrader> @ support
[15:07] <+rickf> had to remember i was in "(cyber)security commentator" mode and not "futures trader / market prognisticator" mode in my comments hehe
[15:08] <+xtractor> you're not a government spy?
[15:08] <+rickf> i'mnot at liberty to say
[15:08] <+xtractor> hahaha
[15:08] <+rickf> yes, i am part of the PPT -- I get to buy/sell futs with taxpayer money
[15:08] <+rickf> heh
[15:08] <@wrbtrader> Shorts TF @ 652.80 -> medium size
[15:08] <@wrbtrader> 3 only
[15:09] <+xtractor> kool maybe one day you could give us an advanced tip
[15:09] <+rickf> short es 1107
[15:09] <+MrYinYangTrader> Shorts TF @ 652.30
[15:09] <@wrbtrader> support failure
[15:10] <+MrYinYangTrader> lets see if they sell this all the way down to yesterday low
[15:10] <+rickf> exit 1/2 es 1105 +2
[15:10] <+xtractor> i thought we were headed there until your PPT started buying at 10:30
[15:11] <+MrYinYangTrader> PPT?
[15:11] <@wrbtrader> Covered all TF Short @ 650.70 --> + 2.1
[15:11] <+MrYinYangTrader> what is ppt?
[15:11] <+codehead> long ES 1103.00 <paper>
[15:11] <+codehead> plunge protection team
[15:11] <+MrYinYangTrader> oh
[15:11] <+MrYinYangTrader> Covered all TF Short @ 651.70 --> + 0.6
[15:11] <+codehead> exit half ES +2.00 <paper>
[15:12] <+xtractor> a very negative close will not be good for main street
[15:13] <+codehead> ES seems to have buyers near 1100
[15:14] <+MrYinYangTrader> if i was long term holder i would sell before end of day with yesterday action
[15:14] <+MrYinYangTrader> so if that is the case it might go up
[15:15] <+rickf> exit es remainder 1102 +5
[15:16] <+rickf> yes this feels like '08 ... did my best trades in the last hour
[15:16] <+codehead> exit ES +1.00 <paper> remainder
[15:16] <+codehead> could hook up, see if 1100 holds
[15:16] <+rickf> 1100 important psychological hold
[15:16] <+codehead> the short frame is ready for move any second...
[15:16] <+codehead> should be up
[15:17] <+codehead> but, the longer frame is sitll down good
[15:17] <@wrbtrader> I have no support levels below...can only hope it retraces back upwards to create a new support level
[15:17] <+rickf> 4.5m ES contracts
[15:22] <+codehead> yeah, was going to add earlier that 1110.00 key breakout of trend on Es
[15:22] <+codehead> and see the fat offer sitting there now
[15:23] <+codehead> could get some more up now
[15:25] <+rickf> did you guys hear Ben in the S&P sqawk yesterday?
[15:25] <+rickf> talk about an audio recording of a crash ... added it to my 'chart archive' of yesterday for my memories book
[15:30] <+xtractor> rarely ever watch CBNC
[15:30] <+rickf> nah it was on zerohedge
[15:30] <+rickf> i am mirroring it on my website now -- ZH is swamped
[15:30] <+xtractor> link?
[15:30] <+rickf> gimme a few
[15:31] <+rickf>
http://www.infowarrior.org/users/rforno ... 050610.mov[15:33] <+xtractor> thanks
[15:33] <+rickf> np
[15:34] <+codehead> long YM 1102.00 <paper>
[15:35] <+codehead> exit half +2.00 <paper>
[15:35] <Hen> You mean ES?
[15:35] <+codehead> ES saorry
[15:36] <+codehead> i got up feeling a little groggy today, decided it wasn't a good day to trade groggy
[15:37] <+codehead> exit remainder ES +3.00 <paper>
[15:41] <+rickf> my bloomberg piece is up:
http://www.youtube.com/watch?v=hkhpRH8iVNA[15:46] <+xtractor> nice interview and thanks for sharing
[15:46] <+rickf> thx
[15:59] <@X> #FuturesTrades Purpose -> 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[16:00] <+Risk> so now we have a famous guy amongst us. Congrats Rick
[16:00] <+rickf> thx
[16:02] <+drt> just watched, very nice interview rick
[16:03] <+rickf> thx
[16:03] <+drt> should i give you a greenie?
[16:03] <+rickf> lol
[16:04] <+drt>
have a good weekend everyone
[16:04] <+rickf> you too
[16:15] <+rickf> have a good weekend all ... see you next week
[17:26] <@X> #FuturesTrades Purpose -> 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: Fri May 07 19:14:46 2010
-------------------------
#FuturesTrades is
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