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 Post subject: September 6th Thursday - Futures, Forex, Stocks and ETFs
 Post Posted: Thu Sep 06, 2012 6:05 pm 
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Joined: Tue Dec 16, 2008 1:02 am
Posts: 3326
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:
090612-Key-Price-Action-Markets.png
090612-Key-Price-Action-Markets.png [ 525.6 KiB | Viewed 241 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: Thu Sep 06 08:33:20 2012
Session Ident: #TheStrategyLab
[08:33:20] * Now talking in #TheStrategyLab
[08:33:20] * 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 '
[08:33:20] * Set by X on Wed Aug 22 20:20:21
[08:35:31] <@wrbtrader> Shorts Emini TF @ 825.50 -> small size
[08:35:38] <@wrbtrader> 2+1
[08:37:48] <@wrbtrader> Emini TF with WRB Hidden GAP @ 0832am - 0834am est...now volatility contraction showing up
[08:40:55] <@wrbtrader> Covered all Emini TF Short @ 825.00 --> + 0.5
[08:42:15] <@wrbtrader> last trail stop was @ 825.60 via the S area of the mentioned WRB Hidden GAP
[08:42:51] <@wrbtrader> didn't like the volatility contraction pushing prices higher...reason why I dumped it prior to the trail being hit
[09:20:24] <@wrbtrader> Emini TF futures ($TF_F) key change in supply/demand via WRB Hidden GAP @ 0705am - 0710am est
[09:21:58] <@wrbtrader> Shorts Emini TF @ 825.40 -> medium size
[09:22:04] <@wrbtrader> 2+2
[09:23:29] <Tigerman> gm all
[09:24:17] <+Trendtrader> gm all
[09:25:24] <+Tigerman> today I got same problem last time
[09:26:07] <+Tigerman> ETF no able to trade on IB :(
[09:26:58] <@wrbtrader> tighten trail stop...getting closer to the 0930am est rush
[09:27:03] <+Trendtrader> Long Emini TF @ 825.5 «« simulator »»
[09:27:07] <+Trendtrader> x10
[09:27:17] <+Tigerman> Shorts Emini NQ @ 2782.75
[09:29:06] <+Tigerman> Covered 1/2 Emini NQ Short @ 2782.5 --> + 0.25
[09:29:17] <+Tigerman> Covered Remainder Emini NQ Short @ 2782.25 --> + 0.5
[09:30:48] <@wrbtrader> look at Emini NQ...geeesh
[09:30:59] <@wrbtrader> Eminis NOT insync again :(
[09:31:17] <+Tigerman> yep my trade instru now
[09:31:17] <@wrbtrader> Covered all Emini TF Short @ 825.90 --> - 0.5
[09:31:20] <+Tigerman> big spike
[09:31:37] <@wrbtrader> Long Emini TF @ 826.60 -> large size
[09:31:46] <@wrbtrader> 6 contracts
[09:32:01] <+Trendtrader> Exited 3/4 Emini TF Long @ 826.5 --> + 1 «« simulator »»
[09:32:06] <+Trendtrader> 1left
[09:32:46] <@wrbtrader> they're now trying hard to get together on the same page
[09:34:42] <+Tigerman> Long Emini NQ @ 2794.75
[09:36:53] <+Tigerman> Exited 1/2 Emini NQ Long @ 2795.25 --> + 0.5
[09:37:04] <+Tigerman> Exited Remainder Emini NQ Long @ 2795.75 --> + 1
[09:37:43] <+Trendtrader> Exited Remainder Emini TF Long @ 829.1 --> + 3.6 «« simulator »»
[09:40:44] <@wrbtrader> Exited all Emini TF Long @ 827.10 --> + 0.5
[09:46:17] <@wrbtrader> Shorts Emini TF @ 827.00 -> large size
[09:46:25] <@wrbtrader> 6 contracts
[09:49:19] <@wrbtrader> these trades just not pushing to any WRB targets so far :(
[09:52:30] <+Tigerman> difficult price action
[09:54:21] <+Tigerman> now iwm trade is ok to trade again on IB
[09:56:32] <@wrbtrader> low volatility price action showing up now
[09:58:26] <@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
[10:00:20] <@wrbtrader> Covered all Emini TF Short @ 828.40 --> - 1.4
[10:00:35] <@wrbtrader> Emini NQ still holding up
[10:01:05] <+Tigerman> ye price move nice everytime I out of trades :((
[10:01:30] <@wrbtrader> NQ and YM only ones in a Creeper...others not there yet :(
[10:02:00] <+Tigerman> now a decent spike
[10:03:54] <@wrbtrader> Emini TF now in a Creeper
[10:16:30] <@wrbtrader> Long Emini TF @ 831.30 -> large size
[10:26:02] <@wrbtrader> Exited all Emini TF Long @ 831.90 --> + 0.6
[10:26:33] <@wrbtrader> early exit
[10:26:44] <@wrbtrader> 6 contracts
[10:27:15] <@wrbtrader> maybe I'm watching Emini NQ too much ever since it started the day out of sync with the other Eminis
[10:28:13] <+Tigerman> Long Emini NQ @ 83.23
[10:28:23] <+Tigerman> Exited 1/2 Emini NQ Long @ 83.23 --> 0
[10:28:29] <+Tigerman> Exited Remainder Emini NQ Long @ 83.24 --> + 0.01
[10:28:36] <+Tigerman> iwm trade
[10:34:59] <@wrbtrader> All Eminis now in Creeper Up Movement
[10:35:12] <@wrbtrader> Eurex and Euronext futures too
[10:35:31] <@wrbtrader> Everybody insync now and that started around 0950am est
[10:36:10] <@wrbtrader> meant 1005am est
[10:36:54] <@wrbtrader> 0950am est was specific to Emini TF whereas the rest (Eurex and Euronext) got together around 1005am est
[10:39:52] <+Tigerman> Long iShares IWM @ 83.46
[10:40:07] <+Tigerman> Exited 1/2 iShares IWM Long @ 83.48 --> + 0.02
[10:40:21] <+Tigerman> Exited Remainder iShares IWM Long @ 83.5 --> + 0.04
[10:55:21] <@wrbtrader> rick123...I saw your posts yesterday...
[10:55:43] <@wrbtrader> You still having problems re-designing the trade post script.
[10:56:56] <@wrbtrader> Long Emini TF @ 835.90 -> medium size
[10:57:01] <@wrbtrader> 2+2
[10:58:40] <@wrbtrader> time of day now becoming a factor
[11:01:30] <@wrbtrader> Exited all Emini TF Long @ 836.50 --> + 0.6
[11:02:14] <@wrbtrader> I'm getting a lot of trades today in the 5 - 6 tick range :(
[11:03:32] <@wrbtrader> I've increased my overall position size today but it's not helping at all...
[11:03:41] <@wrbtrader> mainly because I have NOT caught a runner
[11:04:21] <+Tigerman> yep get a runner makes the difference
[11:04:34] <+Tigerman> for my way to trade
[11:05:01] <+Tigerman> simply with a decent runner I can recup previously loss and gain some more
[11:06:24] <@wrbtrader> Position size management is a great tool
[11:06:45] <@wrbtrader> The price action is NEVER the same from one trade to the next trade...
[11:06:55] <@wrbtrader> Never the same from one hour to the next hour...
[11:07:08] <@wrbtrader> Never the same from one market day to the next market day...
[11:07:23] <+Tigerman> yes understand when add and cut size is a difficult art
[11:07:30] <+Tigerman> experience rulez ..
[11:07:34] <@wrbtrader> Thus, why would someone use the EXACT same position size for each trade when the price action is NOT the same :)
[11:08:01] <+Tigerman> simply because not figure out this true :)
[11:08:27] <+Tigerman> for example I prefer sometimes skip the trade instread to use small size
[11:08:42] <@wrbtrader> If price action was always the same...I would always use the same position size, same WRB targets, same trade mangement...
[11:08:44] <+Tigerman> but consider with IWM commision cost is high
[11:08:52] <@wrbtrader> I would even were the same cloths :)
[11:09:10] <+Tigerman> yep and smae computer
[11:09:44] <@wrbtrader> soon I'm going to need to use some of my backup brokers...
[11:09:56] <+Tigerman> price action not same so thats the reason many go bankrupt
[11:10:07] <@wrbtrader> It's been awhile and I haven't use their new platform upgrades
[11:10:09] <+Tigerman> using same way to trade also when context is different
[11:10:37] <Brian> wrbtrader do you use thinkorswim? thought i read u use that on your site
[11:11:07] <@wrbtrader> just for backup charts or educational charts
[11:11:42] <@wrbtrader> I use Qcharts and eSignal (same parent company)
[11:12:00] <+Brian> ahh, is thinkorswim a decent platform?
[11:12:17] <@wrbtrader> I use to use Futuresource until the parent company of eSignal purchased them...then they killed Futuresource via taking their servers
[11:12:39] <leoconteisni> whats up
[11:12:50] <@wrbtrader> Brian...you talking about charts or trading through Thinkorswim ???
[11:12:50] <+leoconteisni> never had connected here before
[11:13:01] <@wrbtrader> I don't trade through Thinkorswim...
[11:13:06] <+Brian> charts
[11:13:09] <@wrbtrader> I just use their charts as backup charts
[11:13:29] <+leoconteisni> do u use esignal plataform wrbtrader?
[11:13:56] <@wrbtrader> I use QCharts software and esignal web
[11:14:17] <@wrbtrader> esignal web primarily when I'm mobile (which is rarely)
[11:14:43] <+leoconteisni> im using the advancedget edition
[11:14:55] <+leoconteisni> its very good
[11:15:05] <@wrbtrader> That's an old company...one of the originals remaining
[11:15:18] <@wrbtrader> expensive too
[11:15:43] <+leoconteisni> its expensive
[11:15:51] <+leoconteisni> but u dont have to pay it monthly
[11:16:39] <@wrbtrader> ok
[11:16:50] <+leoconteisni> did u guys catch this up today?
[11:17:17] <@wrbtrader> very little
[11:17:51] <@wrbtrader> by the time the markets got insync...the low volatility price action in a trend showed up.
[11:18:10] <@wrbtrader> Hopefully there's a mid day volatility action
[11:18:25] <@wrbtrader> now that the ECB info has arrived
[11:19:16] <@wrbtrader> I think ECB President Draghi gives his speach around 1230pm est
[11:19:37] <+leoconteisni> will he still speake today?
[11:19:38] <@wrbtrader> only reason why I haven't started my mid day rest of several hours
[11:19:51] <@wrbtrader> I hope so or else its a wasted day for me
[11:19:51] <+leoconteisni> lol
[11:20:36] <+leoconteisni> im seeing here
[11:20:46] <+leoconteisni> do u think the markets could correct?
[11:21:13] <@wrbtrader> Markets always correct :)
[11:21:30] <+leoconteisni> =p
[11:21:36] <@wrbtrader> Question is when it does...can it be explited for profits :)
[11:23:07] <@wrbtrader> I just saw some guys on twitter calling YM retracement of the past 20 minutes a "correction"
[11:23:36] <@wrbtrader> its a retracement to me but that's just my personal view
[11:24:11] <@wrbtrader> Correction too me usually implies a trend has been "completely" retraced at the minimum
[11:25:15] <@wrbtrader> I don't care which direction the market moves...
[11:25:28] <@wrbtrader> I just want to see a little volatility when it does make such a move.
[11:26:03] <+leoconteisni> u just trade the russel?
[11:28:04] <@wrbtrader> Currently I exclusively trade only the Emini TF...
[11:28:26] <@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
[11:28:38] <@wrbtrader> Yet, to trade Emini TF I'm watching other key markets...often more than I watch the Emini TF.
[11:28:57] <@wrbtrader> For example, I have only my monitors right now 12 different markets...
[11:29:01] <+leoconteisni> do you watch ES and YM?
[11:29:11] <@wrbtrader> only two of those charts are of the Emini TF
[11:29:22] <@wrbtrader> Yep...I watch ES and YM
[11:29:25] <@wrbtrader> very closely
[11:29:42] <+leoconteisni> there the key markets dont?
[11:30:54] <@wrbtrader> Yes, they are key markets
[11:31:25] <@wrbtrader> Emini futures in Creeper Up Movement
[11:32:11] <+leoconteisni> yeah
[11:32:45] <+leoconteisni> i wasnt watching the market but it could be bought in about 1408.00 the ES
[11:33:06] <+leoconteisni> such a nice trade
[11:33:30] <@wrbtrader> In hindsight...on a trend day...any price is good :)
[11:33:54] <+leoconteisni> yeah
[11:34:12] <+leoconteisni> but in the trade system im using that was a good entry level
[11:34:22] <+Tigerman> also in a no-trend day
[11:34:43] <+Tigerman> simply in hindsight always be allright
[11:35:24] <@wrbtrader> My first trade of the day was a great entry...problem was I got shook out :(
[11:36:10] <@wrbtrader> meant...the first trade of the regular session after 0930am est
[11:36:13] <@wrbtrader> [09:31:37] <@wrbtrader> Long Emini TF @ 826.60 -> large size
[11:36:13] <@wrbtrader> [09:31:46] <@wrbtrader> 6 contracts
[11:36:33] <+leoconteisni> got profit?
[11:36:44] <@wrbtrader> profit but not a profit target
[11:37:10] <@wrbtrader> I expected increasing volatility today...not a trend day
[11:37:26] <@wrbtrader> Had I expected a trend day...I would have easily held that trade
[11:37:57] <@wrbtrader> 10 - 15% of trading days are trend days for Emini TF futures
[11:38:12] <+leoconteisni> the ES breaked a trend line today
[11:38:33] <+leoconteisni> got force after that
[11:42:19] <@wrbtrader> Creeper Up Movement still active...just not coughing up any trade opportunities right now :(
[11:42:46] <+leoconteisni> yeah
[11:42:56] <+leoconteisni> maybe when Dragui speaks
[11:42:57] <@wrbtrader> Reminder - Eurex BUND contract has switched from U to Z
[11:45:05] <@wrbtrader> Hey Leo...there was a member in here back in 2002 that used the user name Leo...he was from Brazil.
[11:45:09] <@wrbtrader> You the same person ???
[11:45:24] <+leoconteisni> lol
[11:45:24] <+leoconteisni> no
[11:45:50] <+leoconteisni> im trading american markets from about a month ago
[11:45:57] <@wrbtrader> He spoke Portuguese but was doing contract work in Brazil
[11:46:17] <+leoconteisni> still learning from it
[11:46:26] <+leoconteisni> was he brazilian?
[11:46:38] <@wrbtrader> by citizenship only
[11:47:25] <+leoconteisni> he use to live in us?
[11:47:33] <@wrbtrader> meant...born in brazil...raised in Portugal and then he himself move back to Brazil
[11:47:49] <+leoconteisni> ah
[11:48:08] <+leoconteisni> i lived in australia for a while
[11:48:14] <+leoconteisni> but back to brazil
[11:48:19] <@wrbtrader> ok
[11:53:36] <@wrbtrader> Light Crude Oil CL futures still range round in choppy price action since 0930am est
[11:53:47] <@wrbtrader> same with Brent Oil futures
[11:54:46] <@wrbtrader> EuroFX 6E futures (Forex EurUsd) still stuck inside the range of the WRB Hidden GAP @ 1054am - 1056am est
[11:56:56] <+Tigerman> I have to exit see all tomorrow
[12:06:33] <@wrbtrader> EuroFX 6E testing the S area of the mentioned WRB Hidden GAP
[12:07:40] <@wrbtrader> There's an old saying in the markets about "Trend Days"...
[12:08:05] <+Brian> wrbtrader when you said you only have 2 charts open with TF is that typical for you or do you open more charts up if you see a setup forming from one of the other futures?
[12:08:06] <@wrbtrader> You have big profits or you have small profits but you should not be at a loss.
[12:08:18] <+leoconteisni> damn
[12:08:24] <+leoconteisni> im in a loss today =/
[12:08:57] <+Brian> lol
[12:09:06] <+Brian> i'm up 9 ticks
[12:09:11] <+leoconteisni> nice
[12:09:14] <+leoconteisni> in ES?
[12:09:17] <+Brian> TF
[12:09:27] <+leoconteisni> how much in cash?
[12:09:37] <@wrbtrader> Brian, right now I'm at the max on my Emini TF charts...that's 3 charts as in 3 different time frames.
[12:10:03] <@wrbtrader> I can see TF on other charts with different time frames
[12:10:32] <@wrbtrader> meant...even if I didn't have a chart open for TF but only used my broker data quotes...
[12:10:42] <@wrbtrader> I can still trade Emini TF via the charts of other key markets
[12:11:04] <+Brian> i see, do you use a 1min chart a lot or it mainly 2,3,5?
[12:11:34] <@wrbtrader> I only use 1min chart in very unusual high volatility price actions (e.g. FED announcement)
[12:11:47] <@wrbtrader> or even tick charts in similar like situations
[12:13:02] <+Brian> never used tick chart before
[12:13:19] <@wrbtrader> they only look cool when there's HIGH volatility :)
[12:13:58] <+leoconteisni> do u like use tick charts wrb?
[12:14:04] <@wrbtrader> you need fight jet like execution skills to trade via tick charts
[12:14:19] <@wrbtrader> Leo...not really which is why I normally don't use them
[12:14:38] <@wrbtrader> If I was a scalper...I would primarily only use tick charts.
[12:15:26] <+leoconteisni> im looking tick charts here too, it shows different moves sometimes
[12:16:16] <@wrbtrader> Markets always changing...
[12:16:39] <@wrbtrader> There were big changes in the price action dynamics after the 2008 financial crisis fiasco
[12:17:25] <+leoconteisni> it gots more volatile?
[12:17:31] <@wrbtrader> volatility change, more computerized trading, investors pulled a ton of money from the markets (still), more globl inputs...
[12:18:19] <@wrbtrader> Today the volatility is LESS (dramatically less) than it was before the financial crisis of 2008
[12:18:20] <+leoconteisni> does it got easier or harder to trade?
[12:18:35] <@wrbtrader> neither
[12:18:40] <@wrbtrader> Just less trade opportunities
[12:18:52] <@wrbtrader> Less volatility = Less trade signals
[12:19:33] <@wrbtrader> That's a problem for many that tries to maintain a level of activity as if nothing had changed...
[12:20:09] <@wrbtrader> You will end up over trading, becoming more impatient and frustrated with LESS profits
[12:20:25] <@wrbtrader> The causes a classical trading problem...
[12:20:58] <@wrbtrader> Traders react in error via INCREASING their position size during LESS volatility in an attempt to maintain a particular profit level or goal.
[12:21:21] <@wrbtrader> That causes more blowups and eventually causes more traders to call it quits.
[12:21:38] <+leoconteisni> i see they will start trading ES mini here in Brazil now
[12:21:51] <+leoconteisni> i dont know if it helps in volatility
[12:22:10] <+leoconteisni> but probably will help somehow
[12:35:19] <@wrbtrader> 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.
[12:57:21] <T4n_paper> quite the move this morning
[12:58:02] <@wrbtrader> It caught many off guard..wasn't expected to occur until after 11am est
[12:58:15] <@wrbtrader> just didn't know the direction
[12:58:26] <@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
[12:59:10] <@wrbtrader> I had a plan of catching a few trades (short and long) in the first hour and then trying to hold on to a trade around 11am est for a big runner...
[13:00:03] <@wrbtrader> didn't work out as planned because the market made its move around 1000am est off that key economic report
[13:00:13] <@wrbtrader> :(
[13:01:09] <@wrbtrader> In contrast, other key markets like Emini NQ made their move much earlier...
[13:01:10] <+T4n_paper> i see that,
[13:01:31] <@wrbtrader> That caused some analysis problem if you're not actually trading Emini NQ
[13:01:47] <@wrbtrader> Yet, if you were trading Emini NQ...great
[13:05:19] <+leoconteisni> is someone expecting a drop/
[13:05:45] <@wrbtrader> I'm expecting a big move...so far...nothing
[13:05:53] <@wrbtrader> meant since 1230pm est
[13:21:06] <ks2233> good afternoon all;sorry for the duplicaton; working on MIRC/Trillian on different computers
[13:21:46] <@wrbtrader> Welcom ks2233...sounds like a user name given to us by a machine :)
[13:22:36] <+ks2233> hello wrbtrader: 22 and 33 were my daughter's high school basketball jersey numbers
[13:22:53] <@wrbtrader> :)
[13:24:14] <@wrbtrader> Emini NQ still holding up the strongest
[13:30:06] <+leoconteisni> is ES starting to weak?
[13:30:46] <@wrbtrader> not until I start seeing WRB Hidden GAPs to the downside
[13:31:13] <+leoconteisni> i tough to sell it abou 1429.75
[13:31:22] <+leoconteisni> but will not trade today
[13:31:25] <+leoconteisni> just watch
[13:32:08] <@wrbtrader> Emini ES futures still ABOVE that reaction point of 1122am est or 1426.25
[13:46:08] <@wrbtrader> lots of volatility contraction now
[14:07:51] <@wrbtrader> Shorts Emini TF @ 837.10 -> small size
[14:08:07] <@wrbtrader> 1 contract
[14:08:38] <+leoconteisni> looks like its going down
[14:09:14] <ks2233> Long Light Crude Oil CL @ 95.92 «« testing script »»
[14:10:31] <+ks2233> Exited all Light Crude Oil CL Long @ 95.85 --> - 0.07 «« testing script »»
[14:11:49] <+leoconteisni> is it a real operation u entered?
[14:16:41] <@wrbtrader> Covered Emini TF Short @ 837.70 --> - 0.6
[14:18:38] <+ks2233> Long Light Crude Oil CL @ 95.33 «« scalp »»
[14:19:08] <+ks2233> Exited 1/2 Light Crude Oil CL Long @ 95.45 --> + 0.12 «« scalp »»
[14:19:58] <+leoconteisni> wrb, whats your target for the TF?
[14:20:21] <+ks2233> Exited Remainder Light Crude Oil CL Long @ 95.47 --> + 0.14 «« scalp »»
[14:20:30] <+Brian> Long Emini TF @ 837.9
[14:20:32] <@wrbtrader> target = WRB pt1 during the mid day
[14:24:11] <@wrbtrader> Shorts Emini TF @ 837.40 -> small size
[14:24:24] <@wrbtrader> 1 contract
[14:24:26] <@wrbtrader> re-entry
[14:26:34] <+Brian> Exited all Emini TF Long @ 837 --> - 0.9
[14:28:10] <@wrbtrader> Covered Emini TF Short @ 836.80 --> + 0.6
[14:28:17] <@wrbtrader> WRB pt1 reached via S area of WRB Hidden GAP
[14:28:27] <@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
[14:28:30] <@wrbtrader> churn in recent two trades
[14:28:35] <@wrbtrader> :(
[14:31:54] <+leoconteisni> how much is a tick in TF? 10 dollars?
[14:32:29] <canaandog> per contract, yes
[14:33:06] <@wrbtrader> 1 tick = 10 dollars @ https://www.theice.com/productguide/Pro ... ?specId=86
[14:39:26] <+leoconteisni> boring afternoon
[14:40:15] <@wrbtrader> Usually it is but a few times per month you'll get a nice mid-day price movement.
[14:40:40] <+leoconteisni> is it better in the morning?
[14:41:04] <@wrbtrader> Only if you're trade method is sensitive to volatility
[14:41:25] <+ks2233> Shorts Emini YM @ 13260 «« scalp »»
[14:42:56] <+ks2233> Covered all Emini YM Short @ 13264 --> - 4 «« scalp »»
[15:29:37] <+ks2233> Long Emini ES @ 1428.50 «« scalp »»
[15:31:58] <+ks2233> Exited 3/4 Emini ES Long @ 1429.5 --> + 1 «« scalp »»
[15:38:08] <@wrbtrader> Long Emini TF @ 836.90 -> medium size
[15:38:17] <@wrbtrader> 3+1
[15:39:15] <@wrbtrader> Exited all Emini TF Long @ 836.50 --> - 0.4
[15:39:41] <@wrbtrader> might get a FVB signal out of this
[15:41:28] <@wrbtrader> Long Emini TF @ 836.80 -> medium size
[15:41:34] <@wrbtrader> 4 contracts
[15:41:38] <@wrbtrader> re-entry
[15:43:52] <@wrbtrader> range getting tighter :(
[15:45:02] <@wrbtrader> Exited all Emini TF Long @ 836.40 --> - 0.4
[15:46:22] <@wrbtrader> Long Emini TF @ 836.60 -> large size
[15:46:27] <@wrbtrader> 4+2
[15:46:48] <@wrbtrader> re-entry
[15:48:28] <@wrbtrader> price action still having difficulty breaking out of the range of that filled WRB Hidden GAP
[15:48:51] <@wrbtrader> 1456pm - 1458pm est
[15:49:24] <@wrbtrader> 837.20 - 836.40
[15:49:52] <@wrbtrader> that's a 8 tick range
[15:51:41] <@wrbtrader> Exited all Emini TF Long @ 836.80 --> + 0.2
[15:52:41] <+ks2233> Exited Remainder Emini ES Long @ 1429.50 --> + 1 «« scalp »»
[15:54:33] <@wrbtrader> Shorts Emini TF @ 836.00 -> large size
[15:54:39] <@wrbtrader> 6 contracts
[15:56:11] <@wrbtrader> only 4 ticks below the range of that prior filled WRB Hidden GAP that had a tight grip on the price action
[15:58:22] <@wrbtrader> Covered all Emini TF Short @ 836.70 --> - 0.7
[15:58:27] <@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
[15:58:28] <@wrbtrader> back inside the range
[15:59:46] <@wrbtrader> Long Emini TF @ 836.50 -> large size
[15:59:51] <@wrbtrader> 6 contracts
[16:00:34] <@wrbtrader> that's a tough WRB Hidden GAP to trade around :(
[16:01:39] <@wrbtrader> lots of long shadows inside that range of the WRB Hidden GAP
[16:01:57] <@wrbtrader> it has a vice grip on the price action
[16:02:08] <@wrbtrader> If the market opens tomorrow near its range...
[16:02:23] <@wrbtrader> It will be a good pivot point to use for profit targets
[16:04:54] <@wrbtrader> Exited all Emini TF Long @ 836.10 --> - 0.4
[16:07:12] <@wrbtrader> Emini NQ futures never threaten its reaction point of 1120am est like the other Emini futures did
[16:13:26] <@wrbtrader> Long Emini TF @ 836.00 -> large size
[16:13:34] <@wrbtrader> 4+2
[16:15:37] <ajax> gn all
[16:15:41] <@wrbtrader> brief test of the S area of the mentioned WRB Hidden GAP
[16:18:03] <@wrbtrader> overnight key market events to watch 0200am, 0245am, 0430am and then 0830am est...before the 0930am est regular session start
[16:18:40] <@wrbtrader> that would make this a tough hold until 0830am est rolls around :(
[16:20:22] <@wrbtrader> U.S. stocks close at multi-year highs on ECB, jobs (MarketWatch) @ http://www.marketwatch.com/story/us-sto ... 2012-09-06
[16:20:44] <@wrbtrader> 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.
[16:27:36] <@wrbtrader> Exited 1/3 Emini TF Long @ 836.10 --> + 0.1
[16:27:58] <@wrbtrader> lowering the risk of the trade down to my normal swing of 4 contracts
[16:28:53] <@wrbtrader> 4 contract swing and will monitor (wake up) around 4:15pm est to see if the position is still open (stop not hit)
[16:29:00] <@wrbtrader> same as usual
[16:29:36] <@wrbtrader> exit stop set Emini TF @ 834.00
[16:29:52] <@wrbtrader> audio alert set @ 834.50
[16:31:53] <@wrbtrader> Normally I don't post my "swing trades" in here...but I have done so recently in preparation for the new chat room that will open on FUZEMEETING
[16:34:31] <+Brian> u switching rooms?
[16:35:05] <@wrbtrader> Yes...its been mention about 50 times in here this year.
[16:35:40] <@wrbtrader> Just have not mentioned it in the past month I think or I don't remember mentioning the past month after closing the other chat room (#FuturesTrades)
[16:36:04] <+Brian> well i've only been in here fora bout 3 or so weeks :)
[16:37:06] <@wrbtrader> Ahh...ok...
[16:37:14] <@wrbtrader> I'll then repost the message again :)
[16:38:14] <@wrbtrader> FuzeBox Fuzemeeting Reminder -> - #TheStrategyLab is a filter chat room to determine which traders are active posters of trades and/or price action commentaries. Only those active members will be invited to freely use the new chat room that will be located on Fuzemeeting. More info about FuzeBox Fuzemeeting @ https://www.fuzebox.com/products/fuzemeeting and I will foot the bill for the room (not the members).
[16:38:40] <@wrbtrader> That's the old message
[16:40:09] <@wrbtrader> Here's the new message that will be posted for the first time...
[16:40:13] <@wrbtrader> FuzeBox Fuzemeeting -> - #TheStrategyLab is a filter chat room to determine which traders are active posters of trades and/or price action commentaries involving WRB Analysis. Only those active members will be invited to freely use the new chat room that will be located on Fuzemeeting. More info about FuzeBox Fuzemeeting @ https://www.fuzebox.com/products/fuzemeeting and I will foot the bill for the room (not the members).
[16:40:50] <@wrbtrader> difference is that it specifically mentions "involving WRB Analysis"
[16:41:39] <@wrbtrader> #TheStrategyLab will remain open but inactive. Thus, if folks wants to continue logging in and not saying anything to each other...that's ok :)
[16:42:06] <+Brian> lol
[16:42:12] <leoconteisni> how will that new room work?
[16:42:24] <@wrbtrader> I will keep #TheStrategyLab open for those emergency days whenever Fuzemeeting is not working properly.
[16:42:25] <+Brian> have you decided which plan you are getting?
[16:43:02] <@wrbtrader> I'll start with the basic plan (lowest one) because I'm fairly sure there will only be about 3 - 5 users
[16:44:05] <@wrbtrader> I'm not going to pay something per month just to invite traders that don't talk :)
[16:44:33] <@wrbtrader> I'll rather invite active WRB Analysis users that talks
[16:44:53] <+Brian> does the member pay too? i see the.08 per min call me rate is that the fee?
[16:45:17] <@wrbtrader> Members don't pay...just me.
[16:45:37] <@wrbtrader> You may be reading something else involving something I won't subscribe too
[16:45:56] <@wrbtrader> Thus, that won't be an active function in the room.
[16:46:14] <+Brian> yea it looks like it's just an added feature you can get, some sort of calling service though it i guess
[16:46:57] <@wrbtrader> Yeah...I'm not going to get that. I don't want folks calling me and me getting a 0.08 cents bill per minute :)
[16:47:12] <+Brian> yea i bet
[16:47:47] <+Brian> looks like a program even has a mobile app and vid conf
[16:47:57] <+Brian> a nice program*
[16:48:02] <@wrbtrader> That's the purpose...
[16:48:38] <@wrbtrader> I plan to become more mobile in my trading and I want others using the chat room to have the same mobile options
[16:48:52] <@wrbtrader> Oddly...I see something MISSING from their webpage...
[16:49:08] <@wrbtrader> They use to list all the mobile options available...they no longer list them.
[16:49:12] <@wrbtrader> hmmmm...
[16:49:22] <@wrbtrader> maybe they moved it...just a second...searching
[16:50:09] <@wrbtrader> Yeah...they moved it and downscaled the info
[16:50:15] <@wrbtrader> Its now located @ https://www.fuzebox.com/solutions/mobile
[16:50:24] <+Brian> yea i see it
[16:50:51] <@wrbtrader> they use to have Youtube videos showing people using their mobile devices for Fuzemeeting
[16:52:26] <@wrbtrader> IRC is text...it uses very little bandwidth
[16:52:29] <winmax> i think they don't have any mobile solution for andriod...only for apple ones....
[16:52:47] <+Brian> no they have it for andriod
[16:52:53] <+Brian> get it through google play
[16:53:08] <@wrbtrader> Thus, you don't worry about using up yuor bandwidth with your dsl or cable.
[16:53:18] <+winmax> i just did...only to find nothing...
[16:53:42] <@wrbtrader> In contrast, using Fuzemeeting is like having a video connection...
[16:53:52] <@wrbtrader> it uses a lot of bandwidth
[16:53:59] <+Brian> Type in Fuze Meeting HD should come up winmax
[16:54:19] <@wrbtrader> That's the issue I'm working on right now to solve.
[16:55:04] <+winmax> ok thx
[16:55:11] <@wrbtrader> I know that nobody can having streaming video like that for the trading day unless they have an "unlimited bandwidth space usage" with their cable or dsl company.
[16:55:44] <@wrbtrader> I myself get 150 gigs per month
[16:56:36] <@wrbtrader> I just want to get away from IRC...just not practical for true sharing and collaboration.
[16:57:18] <@wrbtrader> Also, IRC has a ton of connection problems.
[16:57:26] <@wrbtrader> Most can't get in here :(
[16:59:18] <@wrbtrader> Also, I'm still researching other services similar to Fuzebox fuzemeeting
[16:59:36] <@wrbtrader> lots of stuff out there
[17:01:19] <@wrbtrader> I heard about Fuzemeeting by accident...
[17:01:37] <@wrbtrader> I was with a friend that was selling his condo...
[17:02:59] <@wrbtrader> His real estate agent came by and had a fuzemeeting (live) with prospectus clients from two contries (Paris, France and Chicago, US)....
[17:03:55] <@wrbtrader> His condo is here in Québec, Canada
[17:04:36] <+Brian> did you look at gotomeeting? seems to be popular in the U.S.
[17:05:16] <@wrbtrader> yeah...I use to use gotomeeting a long time ago but not for trading purposes...just personal stuff with family located in other countries
[17:05:19] <@wrbtrader> didn't like it
[17:05:34] <@wrbtrader> Used it about 2 years
[17:09:06] <@wrbtrader> The key for me is low bandwidth, mobile, video recordings, chat text archives
[17:09:21] <@wrbtrader> I can get that with the Fuze Pro but not the basic Fuze
[17:09:56] <@wrbtrader> There's other programs out there but they're orientated for enterprises (large companies)
[17:10:05] <@wrbtrader> That's obviously not me :)
[17:12:17] <+Brian> so you're not wanting to show video to members just text and record for yourself or demo later?
[17:16:13] <@wrbtrader> No...I and members will show video to each other
[17:16:25] <+Brian> ahh cool
[17:17:06] <@wrbtrader> I'm under the impression that Fuzemeeting is two way...not one way.
[17:17:34] <@wrbtrader> That's why there's a bandwidth issue for members :(
[17:26:48] <+Brian> looks like the over night trade you have is working out so far
[17:27:31] <@wrbtrader> I don't get optimistic about swing trades until I near a profit target or an exit time
[17:28:28] <@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
[17:29:20] <@wrbtrader> If it can get to 838.00
[17:29:31] <@wrbtrader> I'll go to 1 tick better than breakeve
[17:30:24] <@wrbtrader> that's a trail moved from 834.00 stop loss to 836.10 profit trail
[17:30:40] <+Brian> do you do a lot of swing trading?
[17:31:20] <@wrbtrader> not really...primarily forex, EuroFX or Oil CL futures
[17:31:33] <@wrbtrader> rarely do I swing trade the Emini futures
[17:31:56] <@wrbtrader> maybe once per year in the Eminis as swings
[17:31:59] <+Brian> i was watching some of the CL today that thing is crazy can jump 3-5 ticks instantly
[17:32:49] <@wrbtrader> Oil CL was hot today...to the downside
[17:33:15] <@wrbtrader> I gave me a lot of mixed info while I watched Emini TF move
[17:33:34] <@wrbtrader> reason why I wasn't able to take advantage of that strong movement in the Eminis
[17:33:50] <@wrbtrader> it happens like that once in awhile and today was one of those days :(
[17:34:00] <@wrbtrader> about 1 - 2 times per month
[17:35:17] <@wrbtrader> Years ago when I had the mental energy...I use to trade CL, DAX, 6E, ES, TF and others at the same time.
[17:35:33] <@wrbtrader> Did that when I was single
[17:35:47] <@wrbtrader> Once I settle down and started a family...
[17:35:55] <@wrbtrader> didn't have the energy to trade like that
[17:36:42] <@wrbtrader> Now I only trade one thing at a time and prefer to stick with Emini TF for now
[17:36:49] <+Brian> sheesh that's a lot of keep up with
[17:36:55] <@wrbtrader> Yet, if volatility continues dropping...
[17:37:14] <@wrbtrader> I will abandon Emini TF and go to either Oil CL futures or EuroFX 6E futures
[17:38:00] <@wrbtrader> Emini TF lost its volatility twice in its lifespan and that's exactly what I did...
[17:38:10] <@wrbtrader> I stopped trading it and moved to something else
[17:38:28] <@wrbtrader> Last time it lost its volatility was due to its changing exchanges...
[17:38:58] <@wrbtrader> It moved from the CME when it was known as ER2 to the ICE exchange now known as TF
[17:46:18] <@wrbtrader> By the way, my WRB profit targets for this swing trade is via the 15 minute chart
[17:46:47] <@wrbtrader> Take care all and see all tomorrow...will post late trade results if stops or WRB pt targets hit
[17:46:54] * wrbtrader is now known as wrbtrader_away
[17:47:34] <+winmax> thanks wrbtrader
[17:47:46] <+winmax> take care...see you tomorrow... :-))
[18:58:28] <@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.

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

#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 Gbp/Usd, Eur/Usd, Eur/Yen and Usd/Cad

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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