#TheStrategyLab (formerly known as #FuturesTrades) is free along with being a serious professional trading chat room involving WRB Analysis and any trader (position trader, swing trader and day 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:
Chat room only for traders using concepts of WRB Analysis. In addition, 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:
091912-Key-Price-Action-Markets.png [ 552.37 KiB | Viewed 337 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 Sep 19 07:15:41 2012
Session Ident: #TheStrategyLab
[07:15:41] * Now talking in #TheStrategyLab
[07:15:41] * Topic is ' WRB Analysis Chat room only for traders using WRB Analysis (WRBs, WRB Hidden GAPs, WRB Zones) for day trading, swing trading or position trading.'
[07:15:41] * Set by X on Fri Sep 14 14:48:13
[07:41:22] <@X> #TheStrategyLab -> Chat room for day traders, swing traders, position traders using concepts from WRB Analysis to help improve the performance of their trade signal strategies. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
[08:32:48] <wave1>
all[08:48:22] <+wave1> Aug Housing Starts 750K vs 768K exp
[08:53:44] <+wave1> http://charts.dacharts.net/2012-09-19/Rhea018.png
[09:15:09] <+wave1> oil tank
[09:26:23] <@X> #TheStrategyLab -> Chat room for day traders, swing traders, position traders using concepts from WRB Analysis to help improve the performance of their trade signal strategies. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
[09:30:03] <@wrbtrader> Good morning all
[09:30:09] <Senn->
[09:30:19] <@wrbtrader> Hi wave...glad you're able to log back in
[09:31:56] <Brian> anyone see cramer's article on speed trading?
[09:32:16] <@wrbtrader> No
[09:32:20] <Tigerman>
all[09:32:24] <@wrbtrader> do you have a direct link to it
??[09:32:29] <+Brian> it's on yahoo finance
[09:32:36] <@wrbtrader> thanks
[09:32:40] <+Brian> sec i'll get it i closed out of thewindow
[09:33:05] <+wave1> nope N ..just lucky today ...i am sure if I go put and log back in it will refuse .
[09:33:16] <+Brian> http://finance.yahoo.com/news/cramer-sl ... 15049.html
[09:34:35] <+Brian> Long Emini TF @ 854.0
[09:35:45] <+wave1> looking for S on NQ
[09:36:55] <+wave1> S 48.5
[09:36:58] <+Brian> Exited all Emini TF Long @ 853.2 --> - 0.8
[09:37:43] <+Senn-> short iwm 85.71
[09:40:05] <+wave1> out b/e
[09:40:18] <+Senn-> exited iwm 85.72
[09:40:29] * Retrieving #TheStrategyLab modes...
[09:41:14] <+Tigerman> Shorts iShares IWM @ 85.7
[09:41:26] <@wrbtrader> wave1...your internet provider is LYING to you when they said they don't change your IP address
[09:41:26] <+Tigerman> Covered 1/2 iShares IWM Short @ 85.69 --> + 0.01
[09:41:34] <+Tigerman> Covered Remainder iShares IWM Short @ 85.66 --> + 0.04
[09:41:54] <+Senn-> short iwm 85.64
[09:42:03] <@wrbtrader> You're now logged in via a slightly different IP address in comparison to the IP address that was
via someone else actions[09:42:26] <@wrbtrader> Thus, the next time you can't get in here because it saids BANNED...
[09:42:53] <@wrbtrader> Its because your internet provider changed you IP address AGAIN...back to one of the BANNED IP addresses
[09:43:17] <@wrbtrader> You're in here via the 65.8
[09:43:22] <+Senn-> exited iwm 85.72
[09:43:30] <@wrbtrader> The
IP are 65.9[09:44:00] <@wrbtrader> When you can't get in here...its when you're trying to get in here via the 65.9 IP addresses
[09:44:03] <+wave1> ah ha k ... hope I can join you guys in future
[09:47:38] <@wrbtrader> Shorts Emini TF @ 852.70 -> large size
[09:47:44] <@wrbtrader> 9 contracts
[09:48:01] <@wrbtrader> Creeper Down Movement still active
[09:50:34] <+Tigerman> Shorts iShares IWM @ 82.62
[09:50:44] <+Tigerman> Covered all iShares IWM Short @ 82.59 --> + 0.03
[09:50:48] <@wrbtrader> hopefully you guys are watching carefully that volatility is dramatically dropping fast...
[09:51:04] <@wrbtrader> It's going to be one of those difficult trading days if volatility continues being POOR
[09:51:05] <+wave1> y
[09:51:27] <@wrbtrader> Covered Emini TF Short @ 851.70 --> + 1
[09:51:34] <@wrbtrader> Holding 5 contracts
[09:51:59] <+Tigerman> my trade was intuition
[09:52:35] <+Tigerman> oh yes wrbtrader bug concern the low volatility
[09:52:53] <+Tigerman> big not bug
[09:53:11] <+Tigerman> but maybe it is a bug that low volat
[09:53:52] <+wave1> NQ disconnect with TF
[09:54:02] <@wrbtrader> Covered Emini TF Short @ 851.40 --> + 1.3
[09:54:06] <@wrbtrader> Holding 3 contracts
[09:54:41] <+Tigerman> right wave1 nq and e-minis are on their own recenctly
[09:55:04] <+Tigerman> very difficult to trade
[09:57:09] <@wrbtrader> trailing remainder @ profit
[09:57:25] <@wrbtrader> Covered Remainder Emini TF Short @ 852.40 --> + 0.3
[09:57:27] <@wrbtrader> Pending news
[09:58:17] <@wrbtrader> Was hoping those remainders would survive going into the 1000am est key market event
[10:04:27] <+Brian> Long Emini TF @ 855.7
[10:04:55] <@wrbtrader> Creeper Up Movement
[10:05:27] <@wrbtrader> News just released...2 mins late
[10:05:36] <+Brian> Exited all Emini TF Long @ 855.7 --> 0
[10:05:48] <+Brian> that was crazy
[10:06:00] <canaandog> so all that action was over nothing?
[10:07:21] <@wrbtrader> Emini NQ price action bounced off the S area of its WRB Hidden GAP supporting the Creeper Movement
[10:12:55] <@wrbtrader> Be careful...volatility getting LOWER
[10:16:52] <+Tigerman> yep
[10:18:21] <+Tigerman> woh my trading compouter shut down by itself
[10:18:50] <+Tigerman> strange is under backup power unit
[10:19:41] <+Tigerman> so I do not know if is due to pc itself,or power unit or power cord poorly inserted
[10:19:49] <+Tigerman> never happen that to me
[10:20:54] <@wrbtrader> I have about 8 outlets in my office room...
[10:21:33] <@wrbtrader> One day last year my little one decided he needed to "recharge" his Ninentendo DS
[10:22:20] <@wrbtrader> He turned around and pulled the power cord for my computer while I was in the middle of a trade...just so that he can connect his recharger to the outlet.
[10:22:46] <@wrbtrader> Its a special single outlet that's dedicated to my computers network.
[10:22:50] <+Brian> Shorts Emini TF @ 853.0
[10:23:02] <@wrbtrader> He ignored the other 7 normal outlets
[10:23:22] <+Tigerman> woh unlucky event
[10:23:26] <+Brian> Covered all Emini TF Short @ 852.6 --> + 0.4
[10:25:04] <+canaandog> he chose conservatively: that outlet was obviously working
[10:32:49] <@wrbtrader> geesh...took a quick 10 minute break
[10:33:10] <@wrbtrader> bad timing
[10:33:23] <@wrbtrader> Creeper Down Movement still active
[10:33:43] <+Tigerman> yep and I was restrating my pc
[10:33:49] <+wave1> y now nq broke that 50 level
[10:33:50] <@wrbtrader> Shorts Emini TF @ 850.50 -> medium size
[10:33:56] <@wrbtrader> 4 contracts
[10:35:12] <@wrbtrader> Covered all Emini TF Short @ 850.70 --> - 0.2
[10:36:44] <+Tigerman> simply next time wrbtrader you take a break alert me
[10:37:04] <+Tigerman> so I know a good trading oportunity is coming
[10:37:43] <+Tigerman> same with me when I take a break I alert you
[10:38:00] <+Tigerman> seems good moments is when one is off the desk
[10:38:42] <+Tigerman> anyway still a creeper down move
[10:39:05] <+Brian> Long Emini TF @ 852.2
[10:41:38] <@wrbtrader> choppy now
[10:41:43] <+Brian> Exited all Emini TF Long @ 851.6 --> - 0.6
[10:41:52] <+Brian> rough day for me
[10:41:55] <+Brian> so far
[10:41:57] <@wrbtrader> Long Emini TF @ 851.90 -> medium size
[10:42:05] <@wrbtrader> 3+1
[10:42:07] <@wrbtrader> intuition
[10:43:10] <@wrbtrader> Exited all Emini TF Long @ 851.30 --> - 0.6
[10:45:10] <@wrbtrader> Long Emini TF @ 851.70 -> medium size
[10:45:15] <@wrbtrader> 2+2
[10:45:20] <@wrbtrader> re-entry
[10:47:22] <+Brian> Long Emini TF @ 852.2
[10:47:31] <+Brian> Exited all Emini TF Long @ 852.7 --> + 0.5
[10:47:50] <+Brian> trade happened so fast i didnt even have to put put it in chat here
[10:48:03] <+Brian> thankful for auto stops and such lol
[10:50:04] <@wrbtrader> Exited all Emini TF Long @ 852.40 --> + 0.7
[10:55:18] <+wave1> L nq
[10:55:27] <+wave1> 61
[10:55:30] <+wave1> 51
[10:56:23] <@X> #TheStrategyLab -> Chat room for day traders, swing traders, position traders using concepts from WRB Analysis to help improve the performance of their trade signal strategies. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
[10:57:16] <+wave1> ouy -tick
[10:57:24] <+wave1> waill wait
[11:07:41] <+wave1> creeper move up on TF
[11:19:33] <+Tigerman> Long iShares IWM @ 85.79
[11:19:49] <+Tigerman> not expecting a lot from this
[11:22:07] <+Tigerman> Exited all iShares IWM Long @ 85.83 --> + 0.04
[11:22:26] <+Tigerman> better then expected in this low volatility crap
[11:52:32] <+Brian> Long Emini TF @ 853.5
[11:55:57] <+Brian> Exited all Emini TF Long @ 852.8 --> - 0.7
[11:56:04] <+Senn-> short ES 1457.25
[12:28:20] <+Senn-> out ES 1458.5
[12:35:01] <+Tigerman> Long iShares IWM @ 85.87
[12:37:01] <+Tigerman> Exited all iShares IWM Long @ 85.88 --> + 0.01
[12:37:07] <+Tigerman>
[12:37:52] <+Tigerman> can be a rentry
[12:41:24] <@X> #TheStrategyLab -> Chat room for day traders, swing traders, position traders using concepts from WRB Analysis to help improve the performance of their trade signal strategies. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
[12:42:56] <@wrbtrader> Long Emini TF @ 854.80 -> medium size
[12:43:13] <@wrbtrader> 2 contracts
[12:43:55] <+Fleneer> market liked the housing data this morning
[12:45:25] <@wrbtrader> very slow, low volatility...tight small intervals
[12:45:41] <@wrbtrader> tight trail because a WRB pt1 will obviously be small too
[12:46:23] <+Fleneer> NQ up 10 points since 10 AM
[12:49:15] <+Fleneer> long 60.25 market sideways along the uptrending EMAs
[12:49:53] <+Fleneer> oops wrong window
[12:50:26] <@wrbtrader> why wrong window
[12:50:43] <@wrbtrader> you can post emini NQ trades in here
[12:53:35] <+Fleneer> I post my own roiom for a activity log. I thought I was posting there.
[12:53:56] <@wrbtrader> any girls in that room
??[12:53:58] <@wrbtrader>
[12:54:07] <+Fleneer> got the pop I was hoping for filled a 61.50 target to exit with +1.25 points
[12:54:09] <@wrbtrader> Exited all Emini TF Long @ 855.10 --> + 0.3
[12:54:34] <@wrbtrader> WRB pt1 reached but held a little longer but I was hoping it would test the 855.50
[12:54:49] <+Fleneer> net +21 bucks per contract
[12:56:15] <+Fleneer> no girls, sorry. just me myself and I most days.
[12:59:01] <+Fleneer> NQ 2860.00 being support here. scalping long off that grabbing a quick point or so
[13:08:58] <+Brian> Shorts Emini TF @ 853.6
[13:10:34] <+Fleneer> boke that temporary support to 2858.00
[13:13:03] <+Brian> Covered all Emini TF Short @ 853.5 --> + 0.1
[13:42:02] <+Brian> Long Emini TF @ 852.4
[13:50:48] <+Brian> Exited all Emini TF Long @ 852.6 --> + 0.2
[13:55:12] <T4n_paper> ls 852.8
[14:05:26] <+canaandog> back
[14:11:24] <@X> #TheStrategyLab -> Chat room for day traders, swing traders, position traders using concepts from WRB Analysis to help improve the performance of their trade signal strategies. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
[14:21:22] <+T4n_paper> e 853.5 .7
[14:23:30] <Senn-> Long Emini TF @ 853.5 «« simulator »»
[14:25:22] <+Senn-> Exited all Emini TF Long @ 854.1 --> + 0.6
[14:39:28] <+Brian> Shorts Emini TF @ 853.6
[14:43:49] <+Brian> Covered all Emini TF Short @ 853.4 --> + 0.2
[14:51:40] <+T4n_paper> ls 853.9
[14:53:13] <+T4n_paper> e 853.7 -.2
[14:58:19] <+T4n_paper> ls 853.6
[14:59:08] <+T4n_paper> e 853.8 +.2
[15:02:11] <+canaandog> another day of pathetic volume and low volatility
[15:25:43] <+Brian> Long Emini TF @ 852.0
[15:26:14] <+Brian> Exited all Emini TF Long @ 852.5 --> + 0.5
[15:31:38] <+Brian> Long Emini TF @ 851.7
[15:35:12] <+Brian> Exited all Emini TF Long @ 851.9 --> + 0.2
[15:41:09] <+Tigerman> Long iShares IWM @ 85.67
[15:46:23] <+Tigerman> Exited all iShares IWM Long @ 85.72 --> + 0.05
[15:49:22] <@wrbtrader> Long Emini TF @ 853.50 -> medium size
[15:49:30] <@wrbtrader> 2+2
[15:50:53] <@wrbtrader> Exited all Emini TF Long @ 853.10 --> - 0.4
[15:53:26] <@wrbtrader> Shorts Emini TF @ 852.50 -> medium size
[15:53:34] <@wrbtrader> 3+1
[15:54:39] <+Brian> Shorts Emini TF @ 852.5
[15:54:42] <@wrbtrader> wow...its tried to bounce off both levels
[15:55:39] <@wrbtrader> Covered all Emini TF Short @ 852.30 --> + 0.2
[15:56:18] <@wrbtrader> that's a tight range in there and I didn't think it would try to bounce off both...maybe one but not both
[15:57:12] <@X> #TheStrategyLab -> Chat room for day traders, swing traders, position traders using concepts from WRB Analysis to help improve the performance of their trade signal strategies. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
[15:57:40] <+Tigerman> Shorts iShares IWM @ 85.64
[15:57:44] <+Brian> Covered all Emini TF Short @ 851.9 --> + 0.6
[15:58:04] <@wrbtrader> Shorts Emini TF @ 851.80 -> large size
[15:58:13] <@wrbtrader> 6 contracts
[15:58:37] <@wrbtrader> below anothe WRB HG S level
[15:58:45] <@wrbtrader> trying to hold
[15:58:54] <+Tigerman> Covered 1/2 iShares IWM Short @ 85.57 --> + 0.07
[16:00:43] <@wrbtrader> Covered all Emini TF Short @ 851.50 --> + 0.3
[16:00:44] <+Tigerman> this last up retrace almost pick up me
[16:01:16] <@wrbtrader> That S area @ 851.80
[16:01:28] <@wrbtrader> it just chopped around it
[16:01:44] <+T4n_paper> held for now
[16:02:52] <@wrbtrader> I pushed my position size today but didn't get what I wanted.
[16:03:06] <@wrbtrader> Overall volatility is still getting worst
[16:03:53] <@wrbtrader> Actually, it can stay at the same low level for several days and that in itself will create declining trading conditions.
[16:05:38] <+Tigerman> Covered Remainder iShares IWM Short @ 85.58 --> + 0.06
[16:06:00] <@wrbtrader> I've been bringing my charts of Oil Cl futures and EuroFX 6E futures closer to my primary Emini TF futures charts on my monitors.
[16:06:31] <@wrbtrader> I'm slowly monitoring the price action of those charts more than the Emini TF...
[16:06:45] <@wrbtrader> preparing to switch trading instruments
[16:07:10] <+Tigerman> TF is on his own vs others eminis
[16:07:43] <+Tigerman> his sell off is not moving like others
[16:07:46] <@wrbtrader> If the low volatility continues...I'll switch trading instruments to Oil CL futures and/or EuroFX 6E futures in the latter part of October.
[16:08:24] <+canaandog> what instruments tend to correlate best with CL? correlation has seemed spotty with tf/emd/ym etc.
[16:09:02] <@wrbtrader> Don't need correlation unless your talking about something else in the other chat room
[16:09:08] <@wrbtrader> hint
[16:09:37] <@wrbtrader> Oil CL futures and EuroFX 6E futures do well on their own.
[16:10:32] <+canaandog> ok
[16:11:01] <+Tigerman> 6E euro seems better in higher interval than 2 min to me
[16:11:18] <+Tigerman> in contrast CL seems ok in lower frame too
[16:11:41] <+Tigerman> it have also long period in tight range
[16:12:06] <+Tigerman> but when it moves it does nice
[16:17:39] <+Tigerman> just seen large on IWM > 50K pieces
[16:17:58] <+Tigerman> it does on day end
[16:18:29] <+Tigerman> if you wonder wgo moves that size it is not me, not for now
[16:20:16] <@wrbtrader> I can't suddenly switch trading instruments in one day without prior close study on the other trading instruments.
[16:20:58] <@wrbtrader> That's why a few weeks ago I've been monitoring CL futures and 6E futures a lot more.
[16:41:16] <@wrbtrader> Take care all and see all tomorrow
[16:41:27] * wrbtrader is now known as wrbtrader_away
[16:42:45] <+Tigerman> good evening
[16:42:56] <+Tigerman> Take care all and see all tomorrow
[17:27:12] <@X> #TheStrategyLab -> Chat room for day traders, swing traders, position traders using concepts from WRB Analysis to help improve the performance of their trade signal strategies. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
Session Close: Wed Sep 19 17:47:43 2012
-------------------------
#TheStrategyLab is free and is a serious professional trading chat room involving WRB Analysis in which any trader (position trading, swing trading, day trading) 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:
CME Emini Futures EMD, ES and NQ ICE Emini TF Futures (formerly CME ER2) CBOT mini-sized Dow Futures YM Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50 Eurex Fixed Income Derivatives (futures) BUND, BOBL and Schatz Euronext Futures FTSE-100 and CAC-40 CME Futures EuroFX 6E and EC Treasury Futures T-Notes ZT, ZN, ZF and T-Bonds ZB Forex Currencies Gbp/Usd, Eur/Usd, Eur/Yen and Usd/Cad Exchange Traded Funds VXX, DIA, IWM, QQQ, SPY, BGU, FAS, FAZ, TNA, OIH, XLE and GLD NYMEX Energy Futures Light Crude Oil CL, Brent Crude Oil BRN, e-miNY QM and Natural Gas NG COMEX Metal Futures Gold GC, mini-Gold YG, Copper HG and Silver SI S&P CNX NIFTY Futures Hang Seng Index Futures HSI and mini-Hang Seng MHIAlso, 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)
@ 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
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