Login    Forum    Search    FAQ



Post new topic Reply to topic Bookmark and Share  [ 1 post ] 
Author Message
 Post subject: August 1st Wednesday - Futures, Stocks, ETFs and Forex
 Post Posted: Wed Aug 01, 2012 9:05 pm 
Offline
Trader / Forum Admin

Joined: Tue Dec 16, 2008 1:02 am
Posts: 2503
Location: Canada
#TheStrategyLab is free along with being a serious professional trading chat room involving WRB Analysis and any trader can use the chat room to post their real-time trades, real-time price action analysis or market commentaries involving stocks, futures, exchange traded funds or forex currencies. Further, although our chat room is smaller than the other popular chat rooms...we are the most active chat room in posting trades, price action analysis or market commentaries in comparison to other free chat rooms.

#TheStrategyLab is primarily designed to be only a trade journal for documentation purposes only so that members can have a real time stamp archive of trades and market commentaries of each trading day and this gives them a better understanding of their broker statements from one trade to the next trade when they review their performance numbers on any given trading day. In addition, we welcome all traders (beginners and experience) that are merging WRB Analysis with their trade methods or using WRB Analysis to develop a better understanding of the price action (market context) they're trading...improving their position size management and trade management after entry.

Quote:
Traders that use #TheStrategyLab are not required to post trades but if you do post trades...the trades must be clear (not ambiguous) entry price/exit price and position size. Traders that consistently post ambiguous trades will be KICKED (removed) from the chat room.

With that said, thanks for reading the trades, price action analysis or market commentaries that's below and we highly recommend you make reading of the logs a part of your trading routine because you will sometimes find useful market context information that's critical to understanding the price action you're trading. To log into #TheStrategyLab chat room...please follow the instructions here at the FTCHAT Support Forum @ http://www.thestrategylab.com/ftchat/forum/viewforum.php?f=5 or for registered members of the chat room at the TSL Support Forum @ http://www.thestrategylab.com/tsl/forum/viewforum.php?f=164

Note: Registration is not allowed here at the FTCHAT Forum...it is allowed at the TSL Forum (link above) that provides support for the #TheStrategyLab chat room.

Attachment:
080112-Key-Price-Action-Markets.png
080112-Key-Price-Action-Markets.png [ 530.47 KiB | Viewed 92 times ]

click on the above image to view today's price action of key markets

Session Start: Wed Aug 01 09:18:17 2012
Session Ident: #TheStrategyLab
[09:18:17] * Now talking in #TheStrategyLab
[09:18:17] * Topic is ' WRB Analysis Traders using WRB Analysis - WRBs, WRB Hidden GAPs, WRB Zones, FVB Basic Trade Signal Strategy @ http://www.thestrategylab.com/tsl/forum
[09:18:17] * Set by X on Fri Jul 27 01:34:04
[09:27:06] <+Trendtrader> gm all
[09:29:17] <@wrbtrader> Good morning all
[09:29:56] <@wrbtrader> Today is the first day of trading in August...
[09:30:13] <@wrbtrader> Wish all the best for the month of August trading.
[09:31:07] <+Trendtrader> Shorts Emini TF @ 788
[09:31:08] <+Trendtrader> x10
[09:33:01] <+Trendtrader> Covered all Emini TF Short @ 789.4 --> - 1.4
[09:34:22] <@wrbtrader> Shorts Emini TF @ 787.00 -> large size
[09:34:29] <@wrbtrader> 6 contracts
[09:35:06] <@wrbtrader> 8 tick chase and didn't realize it @ entry :(
[09:35:28] <@wrbtrader> enough volatility to keep it from a loss
[09:35:43] <@wrbtrader> Covered all Emini TF Short @ 786.50 --> + 0.5
[09:36:02] <Tigerman> Shorts iShares IWM @ 78.70
[09:36:18] <@wrbtrader> Had to keep a tight trail after realizing the chase...that took away my wiggle room to stay in the trade
[09:36:54] <+Tigerman> Covered all iShares IWM Short @ 78.68 --> + 0.02
[09:37:10] <+Tigerman> gm all
[09:37:57] <+Tigerman> I m still using few charts no had time to configure my system also have to re-open some account
[09:38:24] <@wrbtrader> Tigerman...Did you find out what happen to your account yesterday ?
[09:39:02] <@wrbtrader> Shorts Emini TF @ 785.80 -> large size
[09:39:14] <@wrbtrader> 6 contracts
[09:39:21] <@wrbtrader> re-entry
[09:39:31] <+Tigerman> yes was closed because not enought found
[09:39:41] <@wrbtrader> ???
[09:40:10] <+Tigerman> they do not send any message at all !!
[09:40:32] <@wrbtrader> "not enought found" ???
[09:40:44] <@wrbtrader> WRB pt1 reached
[09:41:05] <+Tigerman> simply ToS have some minimum for margin account I suspected that but with many things to care I delayed my money transfer
[09:41:47] <+Tigerman> they tell me sorry by phone they apologize and counsel to re-open the account
[09:42:46] <@wrbtrader> You were holding overnight positions ?
[09:42:59] <+Tigerman> no
[09:43:29] <+Tigerman> what was bad was they close account without notice
[09:44:19] <@wrbtrader> I'm curious what they would have done with the "remainder" of your money after they closed your account "without notice".
[09:44:30] <@wrbtrader> Would they have sent you a check via the mail ???
[09:44:40] <+Tigerman> Also was hard to speak with representative at phone...very polite no problem but I uswed to english by oxford and americans eat the words a lot x my taste :)
[09:44:45] <+Tigerman> hard to understand
[09:45:24] <@wrbtrader> Tomorrow's EuroZone info is a big weight on the market so far out of the gate.
[09:45:56] <+Tigerman> yep waht do you expect by eurozone ??
[09:46:05] <@wrbtrader> I'm expecting some fireworks tomorrow...hopefully all of it doesn't occur before the 0930am est regular session opening
[09:46:14] <+Tigerman> I mean the outcome for euro problem ?
[09:46:40] <@wrbtrader> Covered 1/2 Emini TF Short @ 783.70 --> + 2.1
[09:47:25] <@wrbtrader> Yes...there's been a TON of hype about tomorrows Euro problem solution/resolution or whatever it is they're calling it.
[09:47:36] <+Tigerman> Shorts iShares IWM @ 78.44
[09:48:03] <+Tigerman> you right calling by words but weak by facts
[09:48:33] <+Tigerman> simply euro union is weak as is concepted now
[09:48:37] <@wrbtrader> Emini TF trying hard to fill its regular session GAP
[09:48:53] <@wrbtrader> 783.10 would be the fill
[09:49:17] <+Tigerman> I need a down spike before that
[09:49:41] <@wrbtrader> Creeper Down Movement still active
[09:51:05] <+Tigerman> Covered all iShares IWM Short @ 78.44 --> 0
[09:51:11] <@wrbtrader> Key Market Events Today @ 1000am, 1030am and of course the 1415pm est FOMC Announcement
[09:51:23] <+Tigerman> ùlost patience price stall and not going down
[09:51:57] <+Tigerman> Nooo they did now :(
[09:52:21] <+Tigerman> of course they wait for my exit before continue down :)
[09:52:42] <@wrbtrader> I had several of those types last week :(
[09:52:50] <@wrbtrader> very discouraging
[09:53:12] <+Tigerman> yep fast spike and retrace again
[09:53:41] <+Tigerman> wrbtrader what do you think about Euro zone situation?
[09:53:54] <+Tigerman> did you speak with some istitutional frends ?
[09:54:13] <+Tigerman> I mean are some danger of euro break-up?
[09:54:45] <@wrbtrader> They're worried but more about the impact on their "personal lives" in comparison to "professional life"
[09:55:56] <+Tigerman> yep same my concern more worry about personal life and saving
[09:56:29] <+Tigerman> do you mean istitutional resident in EU or also US canada ?
[09:57:22] <@wrbtrader> Institutional trader in Europe...citizen of France. He's been scared for about 2 years now.
[09:57:29] <@wrbtrader> Been trying to save as much money as possible
[09:59:04] <@wrbtrader> pending 1000am est KME
[09:59:07] <+Tigerman> yep the problem is where to save the hard gain money ??
[09:59:28] <+Tigerman> I mean in case euro-break that is a big problem
[09:59:48] <@wrbtrader> He's been taking "hard delivery" of Gold...putting it in a safe deposit at his bank
[10:01:45] <+Tigerman> wow a return to the nice old and precious gold
[10:02:21] <+Tigerman> physical gold have the problem of high spread on buy
[10:02:23] <@wrbtrader> Collectibles paintings and other art works too
[10:02:48] <+Tigerman> so need a very onest seller
[10:03:22] <+Tigerman> also one have to be sure is gold and not 50 % gold mixed with others thing..
[10:03:38] <@wrbtrader> That stuff (art) APPRECIATES enourmously during tough economic times, recessions, fear, global problems and so on.
[10:04:04] <@wrbtrader> Great investment if you have a good/safe place to store it
[10:04:06] <+Tigerman> a working people have to be currency in bank x everyday payment and so on..
[10:05:05] <+Tigerman> Simply I wonder if is better to switch Euro currency in USD $ or £UK pounds
[10:05:45] <@wrbtrader> Covered all Emini TF Short @ 784.80 --> + 1
[10:05:53] <+Tigerman> also remain the issue if better store that on some bank vs others country bank
[10:06:15] <+Tigerman> I mean spain and greeeke bank scred me
[10:06:26] <+Tigerman> also Italy is in question
[10:06:37] <+Tigerman> A big issue x eu resident
[10:07:16] <@wrbtrader> Shorts Emini TF @ 784.80 -> medium size
[10:07:21] <@wrbtrader> 4 contracts
[10:07:24] <@wrbtrader> re-entry
[10:07:34] <@wrbtrader> into the abyss of the chop
[10:08:35] <+Tigerman> yep choppy also Dia not fill the gap
[10:11:00] <@wrbtrader> Covered all Emini TF Short @ 784.40 --> + 0.4
[10:11:08] <@wrbtrader> too much chop
[10:11:18] <@wrbtrader> try to hold that but couldn't
[10:13:58] <@wrbtrader> :(
[10:16:00] <@wrbtrader> Creeper Down Movement still active
[10:22:09] <@wrbtrader> Shorts Emini TF @ 781.90 -> small size
[10:22:24] <@wrbtrader> trade error
[10:22:40] <@wrbtrader> Covered all Emini TF Short @ 782.10 --> - 0.2
[10:22:51] <@wrbtrader> 2 contracts
[10:23:43] <@wrbtrader> Creeper Down Movement still active
[10:25:56] <@wrbtrader> Shorts Emini TF @ 782.30 -> medium size
[10:26:03] <@wrbtrader> 4 contracts
[10:26:05] <@wrbtrader> re-entry
[10:27:52] <+Tigerman> Shorts iShares IWM @ 78.27
[10:32:44] <+Tigerman> I start losing patience..
[10:33:15] <+Tigerman> price contracting at high of volatility
[10:33:45] <@wrbtrader> Keep it in context as in "market context" of the news events today and tomorrow.
[10:34:00] <+Tigerman> Ym and Vxx moved in my favor but iwn not
[10:34:20] <@wrbtrader> These are NOT boring trading days that requires patience because the volatility will show up...just don't know exactly when
[10:35:14] <@wrbtrader> Other days that do NOT contain these types of KMEs...that's when I do't have patience and any kind of a loss usually bothers me.
[10:35:18] <+Tigerman> yep thanks to remaind I fera volatility show up after I exited :)
[10:35:40] <+Tigerman> fera =fear
[10:35:59] <@wrbtrader> support now developing
[10:36:20] <@wrbtrader> long lower shadows showing up
[10:37:07] <@wrbtrader> still at the lower area of the WRB Hiddeng GAP @ 1012am - 1014am est
[10:37:21] <@wrbtrader> Covered all Emini TF Short @ 783.30 --> - 1
[10:37:38] <@wrbtrader> WRB Hidden GAP mid-point being tested
[10:37:50] <+Tigerman> Covered all iShares IWM Short @ 78,34 --> + 78.27 - 78,34
[10:38:07] <+Tigerman> Covered all iShares IWM Short @ 78.34 --> - 0.07
[10:38:35] <@wrbtrader> 784.50 is the Open of the WRB Hidden GAP
[10:39:38] <@wrbtrader> If price action doesn't get above it...we could easily go into "volatility contraction" until the mid-day trading session starts
[10:45:38] <@X> #TheStrategyLab -> Chat room for traders that are using concepts from WRB Analysis to help improve their entry signals, initial stop/loss management, profitable trail stops or profit targets. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
[10:46:45] <@wrbtrader> another long lower shadow
[10:48:32] <+Tigerman> Long iShares IWM @ 78.38
[10:49:24] <@wrbtrader> Long Emini TF @ 783.00 -> medium size
[10:49:31] <@wrbtrader> 2+2
[10:49:35] <@wrbtrader> Creeper Up Movement
[10:49:58] <@wrbtrader> but only in two of the Russell Indices
[10:50:15] <@wrbtrader> others not insync making this a riskier trade
[10:50:26] <+Tigerman> seems to me Ym is better as creeper I mean more clear up move
[10:50:31] <Fleneer> no trading today. sat down to computer issues. still resolving them.
[10:51:35] <+Tigerman> Exited all iShares IWM Long @ 78.42 --> + 0.04
[10:51:47] <@wrbtrader> Yeah...Emini YM futures holding up also in a Creeper Up Movement
[10:52:23] <+Fleneer> surprising amount of volatility this morning with Fedspeak at 2:15 I expected flat charts until then
[10:52:37] <+Tigerman> also a lot of upper and lower shadow in both iwm dia
[10:53:03] <@wrbtrader> Exited all Emini TF Long @ 783.30 --> + 0.3
[10:53:24] <+Fleneer> NQ presently up about 5 was up about 20 at the open
[10:53:36] <@wrbtrader> It's all about Eurozone today and tomorrow...the FED is probably taking passenger seat today.
[10:54:48] <@wrbtrader> Long Emini TF @ 783.70 -> medium size
[10:54:54] <@wrbtrader> 3+1
[10:54:57] <@wrbtrader> re-entry
[10:56:37] <@wrbtrader> still stuck inside the range of that earlier mentioned WRB Hidden GAP
[10:57:19] <@wrbtrader> It will be a key price area AFTER the FOMC Announcement
[11:06:02] <@wrbtrader> Exited all Emini TF Long @ 782.60 --> - 1.1
[11:07:58] <@wrbtrader> re-test of that big long lower shadow
[11:08:26] <@wrbtrader> and the S area of that earlier mentioned WRB Hidden GAP
[11:10:34] <@wrbtrader> Eurex BUND still in a Creeper Down Movement
[11:13:56] <@wrbtrader> still no entry on the re-establish Creeper Down Movement
[11:16:29] <@wrbtrader> price action now trying to get insync
[11:17:53] <@wrbtrader> Shorts Emini TF @ 780.00 -> large size
[11:18:58] <@wrbtrader> trailing tight...trying to pick pocket me
[11:19:57] <@wrbtrader> Covered all Emini TF Short @ 780.50 --> - 0.5
[11:21:20] <@wrbtrader> Shorts Emini TF @ 780.40 -> large size
[11:21:29] <@wrbtrader> re-entry
[11:21:35] <@wrbtrader> trailing tight again
[11:23:26] <+Tigerman> Shorts iShares IWM @ 78.08
[11:23:56] <@wrbtrader> volatility contraction getting choppy now :(
[11:24:41] <@wrbtrader> spread suddenly widen and went back to normal
[11:24:54] <@wrbtrader> I'm now expecting a volatility spike here soon
[11:24:58] <@wrbtrader> tightening trail
[11:26:37] <+Tigerman> Covered all iShares IWM Short @ 78.04 --> + 0.04
[11:27:03] <+Tigerman> I get profit and do not think twice :)
[11:27:24] <@wrbtrader> Covered all Emini TF Short @ 780.20 --> + 0.2
[11:27:33] <@wrbtrader> still chopping around
[11:28:44] <@wrbtrader> That may be all she wrote on the volatility until the FOMC Announcement
[11:29:21] <@wrbtrader> A lot of volatility contraction (too much) since the big WRB Hidden GAP @ 1012am - 1014am est
[11:32:40] <+Tigerman> I exit rake care all see next time
[11:32:55] <+Tigerman> take care I mean :)
[12:30:38] <@X> #TheStrategyLab -> Chat room for traders that are using concepts from WRB Analysis to help improve their entry signals, initial stop/loss management, profitable trail stops or profit targets. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
[14:00:39] <@X> #TheStrategyLab -> Chat room for traders that are using concepts from WRB Analysis to help improve their entry signals, initial stop/loss management, profitable trail stops or profit targets. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
[15:38:19] <@wrbtrader> Shorts Emini TF @ 777.30 -> small size
[15:38:27] <@wrbtrader> 1 contract
[15:39:07] <@wrbtrader> Covered Emini TF Short @ 777.00 --> + 0.3
[15:39:16] <@wrbtrader> early exit...chart problems
[15:39:33] <@wrbtrader> been unable to trade the afternoon because of the problems
[15:45:39] <@X> #TheStrategyLab -> Chat room for traders that are using concepts from WRB Analysis to help improve their entry signals, initial stop/loss management, profitable trail stops or profit targets. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
[15:48:30] <@wrbtrader> Shorts Emini TF @ 774.70 -> medium size
[15:48:37] <@wrbtrader> 4 contracts
[15:48:54] <@wrbtrader> got a little window here of charts working...trying to trade again
[15:49:13] <@wrbtrader> Creeper Down Movement still active
[15:50:01] <@wrbtrader> WRB pt1 reached
[15:50:54] <@wrbtrader> Covered all Emini TF Short @ 772.60 --> + 2.1
[15:52:33] <@wrbtrader> Actual trade signal @ 775.90 via the 2min chart in reaction to earlier WRB Hidden GAP @ 1536pm - 1538pm est (Advance Decline Lines)
[15:55:44] <@wrbtrader> Creeper Down Movement still active
[15:55:56] <@wrbtrader> Shorts Emini TF @ 772.20 -> small size
[15:56:06] <@wrbtrader> 3 contracts
[15:57:49] <@wrbtrader> WRB pt1 reached
[15:59:50] <@wrbtrader> tighten trail @ profit
[16:01:18] <@wrbtrader> Covered all Emini TF Short @ 769.00 --> + 3.2
[16:03:08] <@wrbtrader> charts and broker quotes now a 1 point different :(
[16:03:49] <@wrbtrader> gutsy call to return to trading after the problems
[16:04:41] <@wrbtrader> Take care all and a great way to start August trading session with the "Increasing Volatility"
[16:05:16] <@wrbtrader> will do a reboot here soon to see if it fixes the chart problems
Session Close: Wed Aug 01 16:55:44 2012

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

#TheStrategyLab is free and is a serious professional trading chat room involving WRB Analysis in which any trader can use the chat room to post their trades or commentaries about stocks, 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. Yet, the only requirement is that you want to learn WRB Analysis.

Therefore, we welcome all traders that want to learn about WRB Analysis regardless if they are beginners or experience

The purpose of #TheStrategyLab 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 because sometimes the answers contains useful trading tips.

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 trade signal 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 advertisements for guest visitors.

Commonly discussed trading instruments from stocks, futures, exchange traded funds and forex currencies:

Image CME Emini Futures EMD, ES and NQ

Image ICE Emini TF Futures (formerly CME ER2)

Image CBOT mini-sized Dow Futures YM

Image Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50

Image Eurex Fixed Income Derivatives (futures) BUND, BOBL and Schatz

Image Euronext Futures FTSE-100 and CAC-40

Image CME Futures EuroFX 6E and EC

Image Treasury Futures T-Notes ZT, ZN, ZF and T-Bonds ZB

Image Forex Currencies GbpUsd, EurUsd, EurYen and UsdCad

Image Exchange Traded Funds VXX, DIA, IWM, QQQ, SPY, BGU, FAS, FAZ, TNA, OIH, XLE and GLD

Image NYMEX Energy Futures Light Crude Oil CL, Brent Crude Oil BRN, e-miNY QM and Natural Gas NG

Image COMEX Metal Futures Gold GC, mini-Gold YG, Copper HG and Silver SI

Image S&P CNX NIFTY Futures

Image Hang Seng Index Futures HSI and mini-Hang Seng MHI

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 price action only trade signals via concepts from our strategies in the private chat rooms called #VolatilityTradingTSL or #SwingTradingTSL and they're not allowed to do such in #FuturesTrades.

Reminder, our Terms of Use (TOU) Policy is a must read to prevent any misunderstandings along with revealing that #TheStrategyLab is a serious professional trading chat room and we expect members to act professional. Also, these logs may have been edited (rarely) to remove any messages that a member has complained to me via private message that they consider a particular commentary to be inappropriate, offending or too far in the off topic area that's a distraction when the commentary was posted.

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

Best Regards,
M.A. Perry
Trader and Founder of WRB Analysis (wide range body/wide range bar analysis)
Price Action Trading (no technical indicators)
Image@ http://twitter.com/wrbtrader or http://stocktwits.com/wrbtrader

Phone: +1 708 572-4885
Business Hours: 8am - 5pm est (Mon - Fri)
Skype Messenger: kebec2002
intradaystrategies@yahoo.com
questions@thestrategylab.com
Go Back To TheStrategyLab.com Homepage


Top 
 Profile E-mail  
 
Display posts from previous:  Sort by  
 
Post new topic Reply to topic Bookmark and Share  [ 1 post ] 


Who is online

Users browsing this forum: No registered users and 1 guest

 
 

 
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
cron
Translated by Xaphos © 2007, 2008, 2009 phpBB.fr