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 Post subject: August 29th Wednesday - Futures, Forex, Stocks and ETFs
 Post Posted: Thu Aug 30, 2012 7:03 am 
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Joined: Tue Dec 16, 2008 1:02 am
Posts: 2416
Location: Canada
#TheStrategyLab (formerly known as #FuturesTrades) 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.

Also, if you want #TheStrategyLab chat room to be educational for you...please ask questions instead of lurking (not participating in conversations).

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:
082912-Key-Price-Action-Markets.png
082912-Key-Price-Action-Markets.png [ 554.73 KiB | Viewed 88 times ]

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

Chat logs saved (timestamp) from Québec, Canada in eastern daylight time

Session Start: Wed Aug 29 08:48:13 2012
Session Ident: #TheStrategyLab
[08:48:13] * Now talking in #TheStrategyLab
[08:48:13] * 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 '
[08:48:13] * Set by X on Wed Aug 22 20:20:21
[09:26:00] <+Trendtrader> gm all
[09:27:50] <@X> #TheStrategyLab -> Chat room for traders using concepts from WRB Analysis to understand "market context" and to help improve the performance of your trade signal strategies. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
[09:30:51] <+Trendtrader> Long Emini TF @ 815
[09:30:53] <+Trendtrader> x10
[09:31:04] <Tigerman> gm all
[09:31:59] <+Tigerman> down spike on open in iwm/tf
[09:32:17] <@wrbtrader> Shorts Emini TF @ 814.80 -> large size
[09:32:17] <+Tigerman> burt quikly retraced
[09:32:24] <@wrbtrader> 6 contracts
[09:32:56] <@wrbtrader> Its been a long time since I've seen that type of a long lower shadow on the first interval of the trading day prior to its completion.
[09:33:05] <@wrbtrader> intuition trade
[09:34:17] <@wrbtrader> Covered all Emini TF Short @ 814.40 --> + 0.4
[09:37:33] <+Trendtrader> Exited 3/4 Emini TF Long @ 816 --> + 1
[09:37:38] <+Trendtrader> 2left
[09:38:21] <+Trendtrader> Exited Remainder Emini TF Long @ 815.1 --> + 0.1
[09:41:34] <+Tigerman> home sales in 20 min
[09:41:51] <+Tigerman> also beige book at 2pm
[09:42:22] <+Tigerman> but seems to me fed news doesn't shake markets as years before
[09:43:45] <@wrbtrader> Yeah...the financial crisis of 2008 did damage to many "market tendencies".
[09:44:40] <+Tigerman> Shorts iShares IWM @ 81.48
[09:44:42] <+Tigerman> small
[09:44:55] <+Tigerman> spoil short frame
[09:45:16] <+Tigerman> lower i mean
[09:46:47] <+Tigerman> Covered all iShares IWM Short @ 81.48 --> 0
[09:47:08] <+Tigerman> out :)
[09:47:31] <+Tigerman> confuse action
[09:52:10] <+Tigerman> this kind of price action is dangerous expecially for me
[09:52:46] <+Tigerman> because I temped to enter,I like fast action
[09:53:14] <+Tigerman> so risk I enter also with no good signal due to impatience
[09:53:42] <+Tigerman> the waiting game is hard x me
[09:54:01] <@wrbtrader> An ugly day so far...settling now into price noise.
[09:54:54] <+Tigerman> yep seems the pattern for recent days maybe traders are still in holiday
[09:55:05] <canaandog> very like yesterday afternoon
[09:55:31] <+Tigerman> and waiti to enter in force after school re-open so enjoy summer till the end :)
[09:55:58] <@wrbtrader> Yesterday we had the lowest volume day of the year
[09:56:55] <+Tigerman> Shorts iShares IWM @ 81.33
[09:57:04] <+Tigerman> Covered all iShares IWM Short @ 81.31 --> + 0.02
[09:57:10] <+Tigerman> small size
[09:57:30] <@wrbtrader> Meant it was "one of the lowest" volume days of the year
[09:58:03] <+Tigerman> volatiliy increase now
[10:01:09] <+Tigerman> big wrb at 9:54 in many index
[10:05:06] <@wrbtrader> U.S. Stocks Advance on GDP as Investors Await Bernanke
[10:05:16] <@wrbtrader> @ http://www.bloomberg.com/news/2012-08-2 ... -data.html
[10:05:56] <@wrbtrader> There's a lot of HYPE in the market about that speech...commonly now known as the "Jackson Hole".
[10:06:11] <@wrbtrader> Should create some very nice volatility on Friday
[10:14:05] <+Tigerman> stressful slow pace vola contraction
[10:14:47] <@wrbtrader> This is the type of price action that makes you want to go back to bed, read a book, cut the grass, watch a movie or go to the gym.
[10:14:49] <@wrbtrader> :)
[10:15:11] <+canaandog> was just thinking the same
[10:15:32] <+Tigerman> yes my prefered is go play tennis or jogging
[10:15:56] <+Tigerman> I have some fat due to trading habit to ride off :)
[10:16:02] <+canaandog> no trust in followthrough on anything
[10:16:45] <+Tigerman> also play keyboards is good to me
[10:18:26] <+Tigerman> is a possibility I tired of this do something else and meanwhile market move nice
[10:19:01] <+Tigerman> but better miss an oportunity than get a series of small stupid losses
[10:22:53] <+canaandog> just played with the dog. much more rewarding. :)
[10:24:40] <+Tigerman> musical keyboards many models
[10:26:23] <+Tigerman> many keyboards are stored in different store because no space in studio
[10:27:23] <+Tigerman> infact nowdays it is better to use a master keyboard and sampler and rack module
[10:28:28] <+Tigerman> but I got strong sound from original vintaGE MODULE LIKE ROLAND JUPITER
[10:28:46] <+Tigerman> caps by mistake :)
[10:29:23] <+Tigerman> funny is more talk about music then trading now :)
[10:30:16] <+Tigerman> is dangerous because music is good topic x me but also too distracting while trading
[10:30:42] <+Tigerman> oh yes
[10:31:06] <@wrbtrader> I don't think I've ever traded "without" listening to music
[10:31:12] <@wrbtrader> I have to have it
[10:31:42] <@wrbtrader> I can go a few minutes without listening to music but not much longer than that :)
[10:32:09] <+Tigerman> I know at the end we ll see movies insted trading :)
[10:33:02] <+Tigerman> thats a good idea the only movies I have is wall street the first one
[10:33:35] <+Tigerman> in blue ray,good documentary inside the cd about wall street life
[10:34:40] <+Tigerman> wrbtrader what will be good is a video-streaming inside cme or nyse traders desk
[10:35:49] <+Tigerman> also a big wiew of cme pit just to feel the daily mood is great
[10:36:19] <+Tigerman> my bet is the market move this way till 1-2 pm
[10:39:05] <+Tigerman> ok thanks
[10:41:03] <@wrbtrader> I used it for many months.
[10:41:58] <@wrbtrader> The one thing I liked was they had free access to some good classic movies
[10:48:15] <@wrbtrader> Margin Call is one of my favorite Wall Street movies
[10:48:42] <@wrbtrader> Another is Floored
[10:50:48] <@wrbtrader> Rogue Trader another
[10:51:24] <@wrbtrader> There's also several great documentaries of "real traders"...profiting millions and losing millions.
[10:51:43] <@wrbtrader> You'll notice in some on their monitors you'll see charts with indicators.
[10:52:00] <@wrbtrader> Volatility Spike now out of that strange price action range
[10:53:43] <@wrbtrader> Shorts Emini TF @ 811.60 -> medium size
[10:53:49] <@wrbtrader> 2+2
[10:56:18] <@wrbtrader> Covered all Emini TF Short @ 811.40 --> + 0.2
[10:56:26] <+Tigerman> Shorts iShares IWM @ 81.19
[10:56:27] <@wrbtrader> want out of this one...sideline
[10:56:42] <+Tigerman> Covered all iShares IWM Short @ 81.18 --> + 0.01
[10:56:50] <@wrbtrader> That earlier crap zone has me spooked a little
[10:57:08] <+Tigerman> we are too near lunch also too contrasting action prefered exit soon
[10:57:21] <@wrbtrader> Yep
[10:57:50] <@X> #TheStrategyLab -> Chat room for traders using concepts from WRB Analysis to understand "market context" and to help improve the performance of your trade signal strategies. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
[10:58:52] <Fleneer> good morning
[10:59:01] <@wrbtrader> one more volatility spike in the same direction as the most recent...
[10:59:25] <@wrbtrader> That will give me a little breathing room that this won't retrace back upwards into that price noise area
[10:59:26] <+Fleneer> trying long on this drop. see if get burned.
[11:33:54] <+Tigerman> missing this last upmove due to distraction
[11:34:07] <+Tigerman> also too slowly pace x my taste
[11:34:45] <+Tigerman> in contrst I enjoy to watch Tennis US open right now :)
[11:52:35] <@wrbtrader> 1min, 2min, 3min, 5min and 15min for day trading
[11:52:43] <@wrbtrader> Don't really have a favorite.
[11:52:55] <@wrbtrader> Obviously more trade signals appear on the lower time frames
[12:01:55] <@wrbtrader> Treasurys slip after GDP, before Beige Book (MarketWatch) @ http://www.marketwatch.com/story/treasu ... 2012-08-29
[12:05:20] <Opus> wrbtrader, look at your PM from me
[12:05:33] <+Opus> please
[12:18:39] <@wrbtrader> mid-day trading session has now open :)
[12:19:15] <@wrbtrader> That most recent volatility surge help set it up
[12:23:39] <+Tigerman> ok see all later ..
[12:27:51] <@X> #TheStrategyLab -> Chat room for traders using concepts from WRB Analysis to understand "market context" and to help improve the performance of your trade signal strategies. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
[13:57:51] <@X> #TheStrategyLab -> Chat room for traders using concepts from WRB Analysis to understand "market context" and to help improve the performance of your trade signal strategies. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
[15:18:27] <@wrbtrader> Long Emini TF @ 818.00 -> medium size
[15:18:34] <@wrbtrader> 4 contracts
[15:19:59] <@wrbtrader> a little early on that type of size
[15:20:31] <@wrbtrader> lets see if it pays off and I'm able to hold it into the 3:45pm - 4:00pm est trading session
[15:25:39] <@wrbtrader> Exited all Emini TF Long @ 817.20 --> - 0.8
[15:27:51] <@X> #TheStrategyLab -> Chat room for traders using concepts from WRB Analysis to understand "market context" and to help improve the performance of your trade signal strategies. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
[15:29:47] <@wrbtrader> we've had several "low volume" days this month that ranks in the lowest of the year...
[15:30:05] <+canaandog> tight range, too
[15:30:15] <@wrbtrader> If volume doesn't show up in the last 30 minutes of trading....it'll rank in the bottom too.
[15:36:39] <@wrbtrader> volatility contraction has a support in place...
[15:36:51] <@wrbtrader> I'm now expecting a volatility spike
[15:39:09] <ajax> y...last programs times now
[15:40:01] <@wrbtrader> Shorts Emini TF @ 816.80 -> medium size
[15:40:14] <@wrbtrader> 4 contracts
[15:40:23] <@wrbtrader> come on volatility...show up
[15:40:41] <+canaandog> might stay in the 13:09 hg :)
[15:41:26] <@wrbtrader> I hope not :)
[15:41:50] <@wrbtrader> its tight
[15:44:26] <+ajax> yup programs hitting now.....small vol tho
[15:44:44] <MUMU> lets close flat again :)
[15:45:29] <@wrbtrader> 3:45pm - 4:00pm edt has arrived but still no volatility expansion :(
[15:45:45] <@wrbtrader> starting to look like yesterday's last 15min regular session
[15:48:40] <@wrbtrader> Covered all Emini TF Short @ 816.40 --> + 0.4
[15:48:55] <@wrbtrader> shallow WRB pt1 reached :(
[15:49:15] <+MUMU> flat coming :)
[15:55:08] <@wrbtrader> Long Emini TF @ 816.80 -> small size
[15:55:17] <@wrbtrader> 2 contracts
[16:00:15] <@wrbtrader> Exited all Emini TF Long @ 816.00 --> - 0.8
[16:00:35] <@wrbtrader> Long Emini TF @ 816.10 -> medium size
[16:00:44] <@wrbtrader> 3+1
[16:01:14] <@wrbtrader> Will expect tomorrow to be tight too until Friday blast from Bernanke
[16:01:42] <+canaandog> a displeasing prospect
[16:02:26] <@wrbtrader> If anyone can move the markets...its him
[16:02:52] <@wrbtrader> Plus...all the major financial networks have been HYPING the pending Bernanke speech
[16:03:11] <@wrbtrader> Almost as if its the only thing to do this week
[16:05:12] <@wrbtrader> Exited all Emini TF Long @ 815.30 --> - 0.8
[16:05:17] <@wrbtrader> another WRB stop
[16:06:12] <@wrbtrader> If Bernanke can't bring volatility (volume and investors back) into the market after Friday's speech...
[16:06:29] <@wrbtrader> It'll be a very tough September to trade
[16:06:51] <@wrbtrader> unless some unusual surprising global news event occurs
[16:07:04] <+canaandog> maybe Europe will collapse :)
[16:07:25] <+canaandog> though not really to be hoped for
[16:07:43] <+canaandog> but do wish markets would move
[16:08:16] <@wrbtrader> They're moving a little...just got to be trading ALL day to catch something.
[16:08:24] <+canaandog> in the "be carefule what you wish for" category
[16:08:28] <@wrbtrader> I take a lot of personal time off during the day...
[16:08:40] <@wrbtrader> Odds are high I'll miss some good trading action :(
[16:09:11] <+canaandog> me too. I can only focus intently for so long at a time
[16:09:31] <Brian> wrbtrader, do you trade in the envening/late night with any of the asia/european markets?
[16:10:35] <+canaandog> gtg - g'night all
[16:14:19] <+ajax> wrb.....hey, any good restaurants in downtown Montreal ya can revo??....will be there in 2 weeks.... :))
[16:14:27] <+ajax> reco
[16:57:52] <@X> WRB Analysis -> Your use of this chat room implies you're using concepts from WRB Analysis to help trade either Stocks, Emini Futures (EMD, TF, ES, NQ, YM), EuroFX Futures (6E, EC), Eurex/Euronext Futures (DAX, ESTX50, FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), Oil Futures (Brent, CL, NG, HO, QM), Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQ, SPY), Forex Currencies (GbpUsd, EurUsd, EurYen, UsdCad) or other key market price actions.
Session Close: Wed Aug 29 20:12:45 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 #TheStrategyLab.

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: chat logs saved (timestamp) from Québec, Canada in eastern daylight 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


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