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 Post subject: September 7th Friday - Futures, Forex, Stocks and ETFs
 Post Posted: Fri Sep 07, 2012 6:30 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:
090712-Key-Price-Action-Markets.png
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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: Fri Sep 07 03:58:47 2012
Session Ident: #TheStrategyLab
[03:58:47] * Now talking in #TheStrategyLab
[03:58:47] * 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 '
[03:58:47] * Set by X on Wed Aug 22 20:20:21
[04:00:38] <@wrbtrader> Exited 1/3 Emini TF Long @ 839.10 --> + 3.1
[04:00:53] <@wrbtrader> WRB pt1 reached on 2 contracts
[04:01:30] <@wrbtrader> Holding 2 contract remainders for a WRB pt2 price action
[04:02:19] <@wrbtrader> audio alerts still set for the order fills
[04:02:38] <@wrbtrader> back to bed for me and talk to all later
[04:03:41] <@wrbtrader> exit stop raised Emini TF @ 836.30
[04:03:59] * wrbtrader is now known as wrbtrader_away
[04:28:28] <@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
[05:58:29] <@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
[06:15:45] <@wrbtrader_away> Exited Emini TF Long @ 840.20 --> + 4.2
[06:15:51] <@wrbtrader_away> Holding 1 contract remainder
[06:44:32] <leoconteisni> nice trade
[07:43:29] <@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
[07:54:51] <+leoconteisni> is anyone waiting for the job report?
[08:11:59] <@wrbtrader_away> I'm sure most of the trading world is :)
[08:12:05] * wrbtrader_away is now known as wrbtrader
[08:12:20] <+leoconteisni> for sure
[08:12:21] <+leoconteisni> lol
[08:12:37] <@wrbtrader> I would be shock if most traders holding overnight positions weren't monitoring it
[08:12:46] <@wrbtrader> "Hard reforms" a condition for ECB bond buys: Asmussen
[08:12:59] <@wrbtrader> @ http://www.reuters.com/article/2012/09/ ... ss+News%29
[08:13:39] <@wrbtrader> German exports, imports and industrial production climb (Reuters) @ http://www.reuters.com/article/2012/09/ ... ss+News%29
[08:21:39] <@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.
[08:30:37] <@wrbtrader> oooch on that last contract...it stole my stop :)
[08:31:03] <@wrbtrader> Trailing Stop Hit Emini TF @ 836.30 --> + 0.3
[08:32:00] <@wrbtrader> now you know why I was slowly dumping those other contract in the 840 area
[08:32:29] <@wrbtrader> I had some fear about that 0830am est report...too much hyping about its importance going into the report
[08:32:45] <@wrbtrader> Shorts Emini TF @ 838.20 -> small size
[08:32:53] <@wrbtrader> 3 contracts
[08:33:39] <@wrbtrader> lets see if it continues "Creeping" back down
[08:33:58] <+leoconteisni> damn
[08:34:14] <+leoconteisni> i sold it market but get a shit price
[08:34:18] <+leoconteisni> got stoped after
[08:34:43] <@wrbtrader> what price did you try @ market ?
[08:35:05] <@wrbtrader> Why did you use a market order during such a big economic report ???
[08:35:29] <@wrbtrader> Covered Emini TF Short @ 839.00 --> - 0.8
[08:35:47] <@wrbtrader> back inside the 840 area
[08:35:59] <+leoconteisni> i dont know
[08:36:08] <+leoconteisni> i should have put a stop order
[08:36:16] <+leoconteisni> instead of selling market
[08:41:19] <@wrbtrader> Long Emini TF @ 841.20 -> medium size
[08:41:25] <@wrbtrader> 2+2
[08:41:38] <@wrbtrader> may turn into another shake out
[08:42:06] <+leoconteisni> strange market
[08:42:08] <@wrbtrader> the sudden volatility spike through 840.20 was strange
[08:42:50] <@wrbtrader> so far the same thing as the prior trade that resulted as a loss
[08:43:07] <@wrbtrader> got within 2 ticks of a WRB pt1 and then it retraced FAST :(
[08:43:46] <+leoconteisni> still in?
[08:45:51] <@wrbtrader> Exited all Emini TF Long @ 841.40 --> + 0.2
[08:45:57] <@wrbtrader> choppy
[08:46:30] <@wrbtrader> if this doesn't clear up by the 0930am est regular session start...
[08:46:53] <@wrbtrader> We're going to see a lot of the 840 price area on low volatility tight trading range price action
[08:47:51] <@wrbtrader> Creeper Up Movement
[08:55:50] <@wrbtrader> back inside the 840 area
[09:11:50] <@wrbtrader> Shorts Emini TF @ 839.30 -> small size
[09:11:59] <@wrbtrader> 3 contracts
[09:12:24] <@wrbtrader> will be tough...price action still close to that 840 area
[09:13:23] <@wrbtrader> getting choppy as we near the 0930am est regular session start
[09:21:35] <@wrbtrader> Emini TF futures WRB Hidden GAP @ 0848am - 0850am est
[09:22:37] <@wrbtrader> Emini NQ futures WRB Hidden GAP @ 0855am - 0856am est
[09:23:47] <@wrbtrader> EuroFX 6E futures (Forex EurUsd) still in a Creeper Up Movement with WRB Hidden GAP supporting @ 0845am - 0850am est
[09:25:45] <Trendtrader> gm all
[09:28:30] <@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
[09:30:18] <@wrbtrader> WRB pt1 reached
[09:30:43] <@wrbtrader> Covered all Emini TF Short @ 837.30 --> + 2
[09:31:14] <+leoconteisni> nice trade
[09:31:51] <+leoconteisni> i would see it either but got my stop limit today =/
[09:32:12] <+leoconteisni> would done it*
[09:32:26] <+Trendtrader> Long Emini TF @ 838.2 «« simulator »»
[09:32:28] <+Trendtrader> x10
[09:34:20] <@wrbtrader> Creeper Down Movement still active
[09:35:18] <@wrbtrader> Shorts Emini TF @ 837.50 -> small size
[09:35:27] <@wrbtrader> 3 contracts
[09:36:18] <@wrbtrader> Covered all Emini TF Short @ 838.40 --> - 0.9
[09:36:26] <@wrbtrader> still choppy
[09:36:59] <@wrbtrader> Shorts Emini TF @ 838.30 -> small size
[09:37:04] <@wrbtrader> 3 contracts
[09:37:12] <@wrbtrader> re-entry
[09:37:37] <@wrbtrader> long shadows (up and down) = chop
[09:39:24] <@wrbtrader> Covered all Emini TF Short @ 839.00 --> - 0.7
[09:40:05] <+Trendtrader> Exited 3/4 Emini TF Long @ 839.4 --> + 1.2 «« simulator »»
[09:40:10] <+Trendtrader> 2left
[09:40:25] <@wrbtrader> trying hard to head back into that 840 area that was discussed earlier
[09:40:40] <@wrbtrader> more long upper shadows
[09:40:55] <+Trendtrader> Exited Remainder Emini TF Long @ 838.3 --> + 0.1 «« simulator »»
[09:42:00] <+leoconteisni> was it a real trade?
[09:42:03] <@wrbtrader> Long Emini TF @ 839.50 -> medium size
[09:42:13] <@wrbtrader> 2+2
[09:42:30] <@wrbtrader> back inside the 840 area
[09:43:05] <@wrbtrader> testing the S area of the earlier mention WRB Hidden GAP @ 0848am - 0850am est
[09:43:28] <@wrbtrader> 841.50 - 840.30
[09:44:57] <@wrbtrader> like yesterday...
[09:45:09] <@wrbtrader> Emini NQ futures is the smoother one of the bunch
[09:50:55] <@wrbtrader> Emini YM and NQ looking weaker...
[09:51:05] <@wrbtrader> Tightning trail on TF
[09:52:06] <@wrbtrader> Exited all Emini TF Long @ 839.90 --> + 0.4
[10:00:45] <@wrbtrader> some key markets gap up on the regular session and others gap down on the regular session at the open
[10:01:01] <@wrbtrader> primary reason why not much is happening now
[10:01:16] <@wrbtrader> low volatility now showing up
[10:03:19] <@wrbtrader> WRB Analysis -> - Do not use this chat room if you're not using/learning the key concepts from WRB Analysis because this chat room is only for traders using key concepts from the WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
[10:04:48] <@wrbtrader> Oil CL futures still weak...very weak
[10:05:21] <@wrbtrader> CL with big WRB Hidden GAP @ 0947am - 0948am est
[10:10:17] <@wrbtrader> Long Emini TF @ 841.20 -> small size
[10:10:23] <@wrbtrader> 3 contracts
[10:13:16] <@wrbtrader> lots of long shadows today :(
[10:13:27] <@wrbtrader> too many
[10:14:12] <+Trendtrader> Hi rsong, I sent you a PM.
[10:14:32] <+leoconteisni> im looking for a sell in ES
[10:14:40] <@wrbtrader> back inside the 840 area
[10:17:49] <@wrbtrader> Exited all Emini TF Long @ 841.30 --> + 0.1
[10:18:05] <@wrbtrader> :(
[10:18:42] <+leoconteisni> no direction day
[10:19:02] <@wrbtrader> As soon as it hit 841.80 my trail stop went to 841.30
[10:19:10] <canaandog> might be little early to say that
[10:19:11] <@wrbtrader> it then immediately got hit
[10:19:26] <+leoconteisni> yeah
[10:19:33] <@wrbtrader> that's chop :)
[10:19:33] <+leoconteisni> it seems to me it goes down
[10:19:57] <+leoconteisni> but i dont know
[10:20:31] <@wrbtrader> Creeper Up Movement
[10:20:34] <@wrbtrader> but with chop
[10:21:20] <@wrbtrader> Emini ES, YM and NQ lagging TF a little
[10:21:31] <+canaandog> upside pressure tf and emd
[10:21:34] <@wrbtrader> they don't have the chop like TF
[10:21:52] <+canaandog> I took a bad trade early b/c they continued up in spite of a/d going down
[10:22:08] <+canaandog> not what I expected
[10:23:02] <@wrbtrader> That gap down in QQQ at the open while SPY, IWM did not was what clue me in on the good chance of this type of price action
[10:23:38] <@wrbtrader> reason why I have open any "Large size" positions
[10:29:05] <@wrbtrader> meant..."have NOT' open any large size positions
[10:29:36] <+canaandog> figured :)
[10:31:01] <@wrbtrader> Shorts Emini TF @ 840.80 -> small size
[10:31:14] <@wrbtrader> bad entry
[10:31:19] <@wrbtrader> into a WRB pt area
[10:31:30] <@wrbtrader> looking for a Houdini Escape
[10:31:49] <@wrbtrader> Covered all Emini TF Short @ 840.60 --> + 0.2
[10:31:56] <@wrbtrader> 2 contracts
[10:32:03] <+leoconteisni> it seems it can go further maybe
[10:32:46] <@wrbtrader> I'm just trying to remember to "stay away" from that 840.90 - 840.00 price area
[10:34:06] <@wrbtrader> It's a filled WRB Hidden GAP range but its now behaving like a Pivot Point range and other times it has a lot of chop
[10:34:49] <@wrbtrader> Not trying to get ticks on these trades...
[10:35:02] <@wrbtrader> trying to get points but the market is not cooperating
[10:35:44] <+leoconteisni> u made a nice swing yesterday
[10:37:05] <@wrbtrader> That was an easy swing due to the hyped ECB event yesterday going into the hyped 0830am est event today
[10:37:23] <+canaandog> how many pts did you wind up capturing?
[10:37:27] <@wrbtrader> don't get too many hyped events like that this year
[10:38:20] <@wrbtrader> dumped most of it between +3.10 to +4.20 except for the last contract
[10:38:40] <+canaandog> nice
[10:38:47] <@wrbtrader> The last contract got nailed in that spiked down on the 0830am est event...for only a +0.30
[10:39:50] <rick123> Shorts Stock US @ BIDU @ 112.90
[10:41:50] <@wrbtrader> BIDU has a WRB Hidden GAP via yesterday @ 1435pm - 1440pm est
[10:42:29] <@wrbtrader> 112.72 - 112.27
[10:43:13] <@wrbtrader> If price action enters that range...the 112.72 becomes the R area and the 112.27 becomes the S area
[10:45:39] <+rick123> BIDU needs to break 112.50 ...and u find next support at 112/111.75
[10:50:42] <+leoconteisni> wich timeframe do u use to get the wrb gaps?
[10:51:24] <@wrbtrader> I have no preference
[10:51:49] <@wrbtrader> 2min, 3min, 5min and 15min are what I'm looking at currently
[10:52:12] <@wrbtrader> You'll know what time frame I used via the posted time...
[10:52:20] <@wrbtrader> For example...
[10:52:30] <@wrbtrader> [10:41:50] <@wrbtrader> BIDU has a WRB Hidden GAP via yesterday @ 1435pm - 1440pm est
[10:52:54] <@wrbtrader> that's a 5 mini difference between 1435pm to 1440pm est = 5min chart
[10:53:35] <+leoconteisni> ah
[10:53:36] <+leoconteisni> ok
[10:53:42] <+leoconteisni> =)
[10:54:27] <@wrbtrader> Emini YM futures still lagging and with WRB Hidden GAP @ 1050am - 1052am est
[10:54:52] <@wrbtrader> I'm still sidelined because the Emini futures are NOT insync
[10:54:54] <+canaandog> yes, ym not with program
[10:55:21] <@wrbtrader> If they continue like this of not being insync...
[10:55:33] <@wrbtrader> It will cause a strong volatility spike.
[10:55:58] <+canaandog> yes. which direction? :)
[10:56:02] <@wrbtrader> Pushing prices up strongly or downward
[10:56:23] <@wrbtrader> Doesn't really matter to the direction...
[10:56:37] <@wrbtrader> When it happens, hopefully a trade opportunity appears
[10:56:56] <@wrbtrader> Emini TF futures in a Creeper Up Movement
[10:58:30] <@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
[10:58:51] <+leoconteisni> is it a wrb hidden gap beteween 8:30 9:00 in ES?
[11:03:41] <@wrbtrader> that's a 30 min chart interval you're talking about from 0830am - 0900am est ?
[11:03:49] <+leoconteisni> yes
[11:04:20] <@wrbtrader> Yes and its filled in by the price action that occurred afterwards...
[11:04:36] <@wrbtrader> Essentially Emini ES is stuck inside the range of that WRB Hidden GAP
[11:04:46] <+leoconteisni> yes
[11:05:14] <+leoconteisni> didnt decide yet where to go
[11:06:16] <@wrbtrader> Oil CL futures finally got above the range of the WRB Hidden GAP @ 0945am - 0950am est
[11:06:44] <@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.
[11:11:27] <@wrbtrader> Gold GC futures still stable in that strong continuation price action since the 0830am est key market event
[11:11:55] <@wrbtrader> same with Silver SI futures
[11:11:59] <+rick123> Covered all Stock US Short @ BIDU @112.80 +$0.10 --> + BIDU @ 112.90 - BIDU @112.80 +$0.10
[11:12:42] <+rick123> the mkt is choppy better wait for a clear direction
[11:33:25] <@wrbtrader> volatility contraction showing up now with more consistence
[11:49:16] <@wrbtrader> Eurex DAX (fdax) futures ugly price action
[11:49:58] <@wrbtrader> In contrast, the Euronext CAC40 futures had a nice looking Creeper Down Movement
[11:50:17] <@wrbtrader> A lot of key markets today not insync :(
[11:52:05] <+canaandog> yeah, I'm about to call it a day
[11:52:53] <+leoconteisni> lol
[11:53:04] <+leoconteisni> im looking ES
[11:53:07] <+leoconteisni> not moving
[12:03:32] <@wrbtrader> Forex GBP/USD just dropped below the S area of the WRB Hidden GAP @ 1025am - 1030am est
[12:08:41] <@wrbtrader> Forex GBP/USD currency has produced 6 WRB Hidden GAPs to the upside since 0800am est
[12:09:55] <@wrbtrader> Emini NQ futures price action is range bound and in a wedge
[12:43:31] <@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
[13:03:51] <@wrbtrader> Creeper Up Movement
[13:03:57] <@wrbtrader> for Emini TF futures
[13:04:16] <@wrbtrader> Emini NQ futures still not insync
[14:06:35] <@wrbtrader> Shorts Emini TF @ 841.20 -> small size
[14:06:43] <@wrbtrader> 1 contract
[14:06:53] <@wrbtrader> Creeper Down Movement
[14:07:31] <@wrbtrader> may add 1 contract if it retraces to 841.40
[14:08:26] <@wrbtrader> Shorts Emini TF @ 841.50 -> Add
[14:08:33] <@wrbtrader> 1 added
[14:13:31] <@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
[14:18:35] <@wrbtrader> Covered all Emini TF Short @ 841.80 --> - 0.9
[14:18:47] <+leoconteisni> whats do u use as your technical indicator?
[14:19:08] <@wrbtrader> WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
[14:19:25] <@wrbtrader> Please read that and you'll know I don't use any technical indicators :)
[14:20:10] <+leoconteisni> im still reading it
[14:20:24] <+leoconteisni> i thought u used it with some technical signs
[14:20:51] <@wrbtrader> I do a lot of chart analysis without any techical indicators
[14:21:13] <+leoconteisni> just using the gaps?
[14:21:34] <@wrbtrader> WRB Hidden GAPs, WRB Zones, Volatility Contraction
[14:21:46] <+leoconteisni> nice
[14:22:11] <@wrbtrader> I'm dead in the water when there's no volatility or very little volatility
[14:22:11] <+leoconteisni> never heard of it before here in brazil
[14:22:26] <+leoconteisni> but it seems to work well in american market
[14:22:35] <@wrbtrader> Yet, I've gotten very good at realizing "as it occurs" when volatility dries up.
[14:22:53] <@wrbtrader> Thus, I stay on the sidelines when volatility dries up as it is occurring...
[14:23:06] <@wrbtrader> Instead of seeing such in hindsight
[14:23:14] <+leoconteisni> boring day today in ES
[14:23:39] <@wrbtrader> Yep, reason why I'm not pushing my normal position size today
[14:24:08] <@wrbtrader> The way things are going...I'll be at 1 contract for the remainder of the day and only a few trades this afternoon
[14:25:03] <+leoconteisni> isnt it a buy movement in 5min chart of TF?
[14:25:55] <@wrbtrader> if it can move a little higher...yes
[14:28:19] <@wrbtrader> markets back to not being insync again :(
[14:36:25] <@wrbtrader> Emini ES and Emini NQ futures just dead in the water...
[14:36:33] <@wrbtrader> low volatility tight trading range
[14:37:59] <+leoconteisni> is it a ploce to start shorting?
[14:38:04] <+leoconteisni> place*
[14:38:27] <@wrbtrader> too much volatility contraction
[14:38:46] <@wrbtrader> I'm just waiting for a WRB Hidden GAP to appear to shake things up a little...
[14:38:58] <@wrbtrader> Hopefully after that a trade opportunity appears.
[15:07:38] <T4n_paper> sorry looking stuff here
[15:08:12] <@wrbtrader> 3pm est trading session
[15:08:30] <@wrbtrader> lets see if volatility begins showing up
[15:12:58] <Brian> Shorts Emini TF @ 841.5
[15:13:02] <@wrbtrader> nice volatility spike so far
[15:13:22] <@wrbtrader> lets now see if it shakes the price action up a little to make things interesting
[15:13:50] <+Brian> Covered all Emini TF Short @ 841.3 --> + 0.2
[15:14:02] <@wrbtrader> 841 is the most recent reaction point on the downside
[15:14:22] <@wrbtrader> 842.50 is the most recent reaction point on the upside
[15:16:02] <@wrbtrader> It didn't produce a WRB Hidden GAP :(
[15:17:00] <@wrbtrader> Yet, it did do such in other price actions
[15:24:55] <@wrbtrader> Shorts Emini TF @ 841.30 -> small size
[15:25:04] <@wrbtrader> 2 contracts
[15:25:41] <@wrbtrader> first trade error of the day
[15:25:48] <@wrbtrader> position size error
[15:27:31] <@wrbtrader> WRB pt1 reached (shallow)
[15:27:32] <@wrbtrader> :(
[15:27:58] <@wrbtrader> Covered all Emini TF Short @ 841.00 --> + 0.3
[15:28:30] <@wrbtrader> shallow target due to the prior small intervals
[15:29:25] <+T4n_paper> ym broke lower earlier but recovered
[15:29:43] <+T4n_paper> 40 mins later tf's turn
[15:37:58] <@wrbtrader> have almost an equal number of shorts and longs = mixed trading day without trend or strong continuation price actions
[15:43:31] <@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
[15:49:23] <@wrbtrader> still no participation from Emini NQ futures
[15:49:35] <@wrbtrader> sad way to end the trading day if it closes like this :(
[15:50:21] <@wrbtrader> Long Emini TF @ 842.20 -> small size
[15:50:30] <@wrbtrader> 1 contract
[15:50:37] <@wrbtrader> Emini NQ trying now
[15:50:54] <@wrbtrader> lets see if we get some volatility going into the 4pm est regular session close
[15:51:24] <@wrbtrader> Emini TF futures WRB Hidden GAP @ 1546pm - 1548pm est
[15:52:12] <@wrbtrader> I'm still managing the risk in this tough low volatility range price action via only going in with 1 contract
[15:52:18] <@wrbtrader> Not worth risking more than that
[15:53:30] <+T4n_paper> waiting on a hl
[15:56:18] <@wrbtrader> Exited Emini TF Long @ 841.30 --> - 0.9
[15:56:23] <@wrbtrader> volatility spike
[15:56:37] <@wrbtrader> back down into that 840 price area
[15:57:02] <@wrbtrader> it started the trading day like this and looks to close like this
[15:58:31] <@wrbtrader> Long Emini TF @ 841.00 -> small size
[15:58:42] <@wrbtrader> 1 contract
[15:59:37] <@wrbtrader> trade via price action of Emini YM
[16:00:00] <@wrbtrader> geeesh
[16:00:16] <@wrbtrader> Exited Emini TF Long @ 842.50 --> + 1.5
[16:00:25] <@wrbtrader> crazy
[16:00:52] <@wrbtrader> it tagged that reaction point
[16:01:10] <@wrbtrader> WRB pt1 reached
[16:01:46] <@wrbtrader> this probabily will close higher because Emini YM is in a Creeper Up Movement
[16:24:23] <@wrbtrader> Take care all, have a safe weekend and see all on Monday
[16:24:33] * wrbtrader is now known as wrbtrader_away
[17:28:32] <@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
Session Close: Fri Sep 07 19:26:06 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 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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