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 Post subject: October 11th Thursday - Futures, Forex, Stocks and ETFs
 Post Posted: Thu Oct 11, 2012 7:57 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 (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:
101112-Key-Price-Action-Markets.png
101112-Key-Price-Action-Markets.png [ 552.01 KiB | Viewed 220 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 Oct 11 03:49:41 2012
Session Ident: #TheStrategyLab
[03:49:41] * Now talking in #TheStrategyLab
[03:49:41] * 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.'
[03:49:41] * Set by X on Wed Oct 10 03:59:05
[03:59:20] <Tigerman> gm all
[04:00:07] <+Tigerman> ecb monthly bulletin now as news
[04:16:50] <@wrbtrader> Light Crude Oil CL futures still moving higher in a Creeper Up Movement
[04:17:08] <@wrbtrader> same with Gold GC futures
[04:35:52] <+Tigerman> Long EuroFX 6E @ 1.2888
[04:36:22] <+Tigerman> Exited 1/2 EuroFX 6E Long @ 1.2898 --> + 0.001
[04:37:21] <@wrbtrader> I missed my only opportunity so far @ 1.2887
[04:37:41] <@wrbtrader> around 0430am est
[04:38:23] <+Tigerman> yep infact I wonder why you no dhow up :)
[04:39:07] <+Tigerman> I miss a first oportunity to enter a couple of minutes before
[04:39:07] <@wrbtrader> was closing a few of the upstairs windows because it started pouring rain
[04:39:35] <+Tigerman> this market is smart
[04:39:53] <+Tigerman> can contracting and going nowhere for long time
[04:40:06] <+Tigerman> and move nice when we go away :(
[04:40:32] <@wrbtrader> 3am to 7am est is one of the best times to trade EuroFX 6E futures...
[04:40:43] <+Tigerman> needs a lot of discipline take the miss and not want enter after the nice move pay higher price
[04:40:46] <@wrbtrader> we still have a few hours until 7am est
[04:41:10] <@wrbtrader> After that...EuroFX 6E futures volatility becomes strongly dependent upon key market events.
[04:41:42] <@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
[04:41:43] <@wrbtrader> Thus, if there aren't any key market events...its really not worth trading the EuroFX 6E futures or Forex EurUsd currency
[04:42:16] <@wrbtrader> Let the gamblers go at it during the none volatility periods :)
[04:42:21] <+Tigerman> yep is news dependent
[04:43:58] <+Tigerman> Exited Remainder EuroFX 6E Long @ 1.2893 --> + 0.0005
[04:49:06] <@wrbtrader> Shorts EuroFX 6E @ 1.2888 -> large size
[04:49:39] <@wrbtrader> scaled 9 contracts
[04:58:36] <@wrbtrader> :(
[04:59:47] <@wrbtrader> Covered all EuroFX 6E Short @ 1.2887 --> + 0.0001
[05:00:43] <@wrbtrader> no fill @ 1.2881 (reaction point)
[05:00:52] <@wrbtrader> It was also a WRB pt1
[05:01:15] <@wrbtrader> maybe had it went below it by one tick I should have gotten a fill
[05:24:32] <+Tigerman> Long EuroFX 6E @ 1.2899
[05:28:41] <+Tigerman> price still glued here ... better then a spike against me :)
[05:29:21] <+Tigerman> a lot of contraction in many markets
[05:30:29] <+Tigerman> be patient tiger be patient .... :)
[05:36:22] <+Tigerman> Exited all EuroFX 6E Long @ 1.2897 --> - 0.0002
[05:36:25] <+Tigerman> :(
[05:36:54] <+Tigerman> I waited over 10 minutes
[05:37:11] <+Tigerman> oil is falling
[06:11:42] <@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
[07:18:39] <@wrbtrader> Long Light Crude Oil CL @ 92.28 -> medium size
[07:19:13] <@wrbtrader> 3 contracts
[07:19:17] <@wrbtrader> not 4 contracts
[07:20:59] <@wrbtrader> doesn't look like I'm going to get my Houdini Escape out of this trade
[07:22:44] <@wrbtrader> Exited all Light Crude Oil CL Long @ 92.21 --> - 0.07
[07:45:23] <@wrbtrader> Long EuroFX 6E @ 1.2935 -> small size
[07:45:34] <@wrbtrader> 3 contracts
[07:49:02] <@wrbtrader> Exited all EuroFX 6E Long @ 1.2939 --> + 0.0004
[07:49:18] <@wrbtrader> CL futures and GC futures weaken
[07:56:43] <@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
[08:03:33] <MasterMo> Hello Traders, which time frame to use for WB Analysis? Hope I did not oversee this in the tutorials 1-3
[08:05:21] <+MasterMo> Appreciate your answers
[08:07:18] <@wrbtrader> Use the time frame that fits your trading style.
[08:07:51] <@wrbtrader> For example, if your a day trader...you're obviously not going to be using a monthly, weekly or daily chart :)
[08:08:09] <@wrbtrader> Those time frames are suitable for swing traders and position traders.
[08:08:49] <@wrbtrader> If you're a day trader...you'll most likely be using time frames less than 15 minutes.
[08:09:14] <@wrbtrader> If you're a scalper...you'll most likely be using time frames at 1min or less
[08:11:44] <+MasterMo> thanks for quick answer. May I ask for the time frame you are using for TF and EURFX?
[08:12:38] <+MasterMo> Or is t suitable to use multi time frame charts from 1/5/15 for confirmation, but than the WB-Gaps will not be equal
[08:12:39] <@wrbtrader> For daytrading them...I use 15min, 5min, 3min, 2min charts
[08:13:00] <@wrbtrader> You can use any time frame or multiple time frames you want.
[08:13:31] <@wrbtrader> One time frame is not better than another time frame.
[08:13:44] <@wrbtrader> Choose a time frame that fits your trading style.
[08:13:48] <@wrbtrader> Another example...
[08:14:06] <@wrbtrader> Lets say you only want to see a few WRB Zones...
[08:14:12] <@wrbtrader> Increase your time frame.
[08:14:45] <@wrbtrader> Just the same, if you want to see more WRB Zones...decrease your time frame.
[08:15:18] <@wrbtrader> Therefore, the real question is "what is your trading style" ???
[08:15:34] <+MasterMo> I am just asking cause of the differences in WB-Analysis results, that would cause the same differences in trading as trading with indicators would do in different time frames
[08:16:56] <@wrbtrader> Of course there's a difference in results due to the fact there's a difference in the number of trade opportunities.
[08:17:38] <@wrbtrader> You're only going to see a few WRB Zones on a monthly chart versus WRB Zones on a 5 minute chart.
[08:17:56] <@wrbtrader> Therefore, in theory, you should have MORE trade opportunities on a 5 minute chart.
[08:18:25] <@wrbtrader> Thus, your results will greatly be different
[08:19:37] <+MasterMo> more daytrading I think. At the moment I am trading options and would like to expand my trading to price action.
[08:20:01] <@wrbtrader> I thought options traders used only price action ?
[08:20:54] <+MasterMo> yes, HV/IV, but so far with options only more short term from month to month not really daytrading
[08:21:08] <+MasterMo> thats what i am doing so far
[08:22:07] <@wrbtrader> Ok
[08:22:45] <+MasterMo> all indicators I have been researching for, will not perform in the longterm...
[08:24:51] <@wrbtrader> I don't think anything performs exactly the same in the longterm...
[08:25:07] <@wrbtrader> Markets are forever changing EVERY year, EVERY month...
[08:25:35] <@wrbtrader> We need to "adapt" to those changes and that adaptation requires us to make changes to our trading habits.
[08:25:48] <@wrbtrader> If we don't adapt...we will lose.
[08:28:44] <@wrbtrader> pending 0830am est key market event
[08:33:03] <@wrbtrader> Shorts Light Crude Oil CL @ 92.48 -> large size
[08:33:12] <@wrbtrader> 6 contracts
[08:35:02] <Tigerman> test
[08:35:23] <+Tigerman> do you see my message ?
[08:36:28] <MasterMo> yes
[08:36:30] <+Tigerman> my isp disconnect me
[08:36:35] <+Tigerman> thanks master
[08:36:37] <@wrbtrader> Covered all Light Crude Oil CL Short @ 92.60 --> - 0.12
[08:37:08] <+Tigerman> master are you from germany?
[08:37:14] <+MasterMo> ja
[08:38:02] <@wrbtrader> Shorts Light Crude Oil CL @ 92.56 -> large size
[08:38:10] <@wrbtrader> 6 contracts
[08:38:11] <+Tigerman> are you concern with the new proposal tax on transaction?
[08:38:14] <@wrbtrader> re-entry
[08:39:02] <@wrbtrader> looks like a "pick pocket" on that prior Short
[08:39:30] <+MasterMo> I think it will come for sure and it will affect indeed trading here Europe.
[08:40:03] <+MasterMo> So trade only derivates in the US or UK.
[08:40:30] <+Tigerman> in France affect only some big stocks and overnight trade
[08:40:59] <+MasterMo> but will be extended to derivates as well, but with lower tax rate
[08:41:02] <+Tigerman> so intraday trading is safe I do know what the plan now
[08:41:28] <+Tigerman> for others country
[08:42:27] <+MasterMo> tax rate between 0.08 to 0.01 % depends on financial instrument
[08:42:58] <+MasterMo> of order volume, thats really big stuff
[08:42:58] <+Tigerman> anyway seems they say the institution origin the trade if resident in EU have to pay
[08:43:27] <+Tigerman> simply one is afe only using foreign brokers!!
[08:43:35] <@wrbtrader> Covered all Light Crude Oil CL Short @ 92.50 --> + 0.06
[08:43:37] <+Tigerman> afe=safe
[08:43:54] <+Tigerman> let will see :(
[08:45:11] <+MasterMo> I do not understand, if trading french stocks at a french exchange with a foreign broker in UK, you will have to pay the tax as well
[08:45:59] <+MasterMo> but thats not the chat room here for that kind of conversation :)
[08:47:05] <+Tigerman> why?
[08:47:37] <@wrbtrader> Shorts Light Crude Oil CL @ 92.47 -> small size
[08:47:40] <+MasterMo> only trading I think
[08:47:45] <@wrbtrader> 3 contracts
[08:47:51] <@wrbtrader> re-entry
[08:48:14] <@wrbtrader> Other key markeets still showing signs of weakness...
[08:48:17] <+Tigerman> no here we can talk of trading related question
[08:48:20] <@wrbtrader> With some chop in there :(
[08:48:30] <+MasterMo> ok
[08:48:36] <+Tigerman> and tobin tax is a BIG issue :)
[08:48:53] <+MasterMo> yes it is but UK and US will not follow that river
[08:49:22] <+MasterMo> so enough trading possibilties, but not in EUR :(
[08:50:06] <+Tigerman> yes but first one have to switch broker...
[08:50:30] <+Tigerman> this is easy for now ...
[08:51:06] <+MasterMo> Anyway, Was wondering why only futures to trade- i know that pattern daytrader restrictions in US- but price action will work with CFDs on indices(DAX/RUT) as well or?
[08:51:10] <+Tigerman> second anyone hope the residence of trader doesn matter
[08:51:51] <+Tigerman> swiss country is gold for traders
[08:52:21] <+MasterMo> if that happens that I will have to tax for tading in US from Germany, I think I will have to get aGreen Card
[08:52:26] <+Tigerman> master do you ask if wrb analysis work with index dax ?
[08:52:32] <+MasterMo> yes
[08:52:45] <@wrbtrader> Covered all Light Crude Oil CL Short @ 92.39 --> + 0.08
[08:52:47] <+Tigerman> yes it does
[08:52:48] <@wrbtrader> WRB pt1 reached
[08:53:18] <@wrbtrader> volatility contracting
[08:54:30] <+MasterMo> Webtrader is really doing an amazing trading job here.
[08:54:38] <+MasterMo> not web wrb
[08:57:20] <+MasterMo> wich broker do you use?
[08:57:26] <+MasterMo> which
[08:58:19] <+MasterMo> For the fact that futures trading is hardly possible here in Germany at any broker or bank.
[08:59:52] <+MasterMo> So bad question. I have for sure already a broker
[08:59:55] <+MasterMo> IB
[09:00:16] <+MasterMo> maybe a better one around for international traders from Germany like me
[09:00:18] <@wrbtrader> Shorts Light Crude Oil CL @ 92.30 -> large size
[09:00:33] <@wrbtrader> 6 contracts
[09:00:46] <@wrbtrader> re-entry on the spike down
[09:00:57] <@wrbtrader> hopefully the volatility doesn't dry up on me
[09:03:14] <+MasterMo> I switch to the chart
[09:04:05] <@wrbtrader> volatility decreasing
[09:08:02] <@wrbtrader> Covered all Light Crude Oil CL Short @ 92.37 --> - 0.07
[09:08:46] <@wrbtrader> volatility still declining...
[09:09:01] <@wrbtrader> This could now go back into a Creeper Up Movement
[09:10:30] <@wrbtrader> Other key markets moving higher or showing stability
[09:11:11] <+Tigerman> I hope so
[09:12:37] <@wrbtrader> Gold GC futures is the weak link but soon it won't matter when the U.S. markets regular session opens.
[09:17:37] <@wrbtrader> Long Light Crude Oil CL @ 92.61 -> medium size
[09:17:47] <@wrbtrader> 4 contracts
[09:18:38] <+Tigerman> Long Light Crude Oil CL @ 92.64
[09:21:12] <@wrbtrader> Exited all Light Crude Oil CL Long @ 92.55 --> - 0.06
[09:21:13] <+Tigerman> Exited all Light Crude Oil CL Long @ 92.56 --> - 0.08
[09:21:37] <+Tigerman> wow sync exit :)
[09:22:21] <@wrbtrader> its choppy
[09:22:56] <@wrbtrader> it was battling that R area of the WRB Hidden GAP
[09:23:50] <+Tigerman> yep fight at thar R area
[09:24:27] <+Tigerman> I wonder the idea to try re-enter
[09:25:31] <+Trendtrader> gm all
[09:26:43] <@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
[09:31:35] <+Trendtrader> Long Emini TF @ 831.4
[09:31:36] <+Trendtrader> x1
[09:35:28] <@wrbtrader> Shorts Light Crude Oil CL @ 92.46 -> large size
[09:35:42] <@wrbtrader> 6 contracts
[09:36:09] <+MasterMo> new energy is your friend in future :)
[09:37:01] <@wrbtrader> Covered all Light Crude Oil CL Short @ 92.45 --> + 0.01
[09:37:23] <+Tigerman> to tell the true I no understand price action right now
[09:37:27] <@wrbtrader> That 0830am est report made this choppy
[09:37:35] <+Tigerman> so I refuse to trade
[09:37:49] <@wrbtrader> In fact, the price action of 0830am est is a pivot point
[09:37:58] <@wrbtrader> meant...acting like a pivot point
[09:38:31] <@wrbtrader> Shorts Light Crude Oil CL @ 92.33 -> large size
[09:38:46] <@wrbtrader> Gold GC futures still the weak link...
[09:39:07] <@wrbtrader> Its what I'm following to try to manage these trades after entry
[09:39:14] <@wrbtrader> not working out so well so far
[09:39:54] <+Tigerman> gold weak but I faer enter to late now
[09:39:55] <@wrbtrader> Emini TF and a few other key markets not going anywhere
[09:39:59] <+Tigerman> so I wait
[09:40:27] <@wrbtrader> Covered all Light Crude Oil CL Short @ 92.30 --> + 0.03
[09:41:07] <@wrbtrader> Look at Emini TF futures and the other Emini futures...
[09:41:16] <@wrbtrader> they look like they are stuck in cement
[09:41:39] <+MasterMo> big move maybe in front
[09:42:05] <+MasterMo> comments here in Germany are not positive
[09:42:32] <+Trendtrader> Exited all Emini TF Long @ 829.8 --> - 1.6
[09:42:40] <+MasterMo> VW is preparing for shortening production
[09:44:01] <+MasterMo> Greece and Spain again in turbulence
[09:44:23] <+MasterMo> I think short today
[09:45:31] <+MasterMo> US-Trading wil be affected by the news
[09:46:06] <@wrbtrader> Shorts Light Crude Oil CL @ 92.30 -> large size
[09:46:19] <@wrbtrader> whoa
[09:47:13] <@wrbtrader> Gold GC futures still weak but Heating Oil futures like the other Emini Futures...stuck in cement
[09:47:53] <Senn-> Shorts Emini TF @ 829.8 «« simulator »»
[09:47:54] <@wrbtrader> EuroFX 6E futures dead as expected on the U.S. markets first 30 minutes of the regular trading session
[09:48:36] <@wrbtrader> increasing volatility
[09:49:02] <@wrbtrader> markets no longer insync
[09:50:55] <@wrbtrader> Emini futures volatility declining
[09:51:33] <@wrbtrader> Oil CL futures WRB pt1 reached
[09:51:43] <@wrbtrader> whoa again
[09:51:46] <@wrbtrader> volatility spike
[09:52:24] <@wrbtrader> Reminder - EIA Petroleum Status Report today @ 1100am est
[09:52:35] <+Senn-> Covered all Emini TF Short @ 829.7 --> + 0.1 «« simulator »»
[09:53:09] <@wrbtrader> Its the only reason why I'm hitting the Oil CL futures aggressively today due to the "increased volatility".
[09:53:29] <@wrbtrader> Just didn't expect to see so much chop with it too
[09:54:04] <@wrbtrader> Covered 2/3 Light Crude Oil CL Short @ 91.88 --> + 0.42
[09:56:21] <@wrbtrader> Gold GC futures showing some Legs to stand up on
[09:56:36] <@wrbtrader> Covered Remainder Light Crude Oil CL Short @ 92.00 --> + 0.3
[09:56:59] <@wrbtrader> Key markets now insync
[09:58:18] <+Fleneer> digging my way out of a hole I got into on Monday. almost back to a green week. Tried a couple swing trades long and got burned with some wide stops. Scalpping my way back
[09:58:34] <+Senn-> Shorts Emini TF @ 829.3 «« simulator »»
[09:58:52] <+Fleneer> posted wrong window. sorry.
[09:59:18] <+Senn-> Covered all Emini TF Short @ 829.3 --> 0 «« simulator »»
[10:04:09] <@wrbtrader> Oil CL futures still in a Creeper Down Movement
[10:04:19] <@wrbtrader> reason why I'm still bearish on Oil CL futures
[10:12:41] <@wrbtrader> key markets not insync = don't trust any current price movement :)
[10:15:21] <+Senn-> Long Emini TF @ 830.7 «« simulator »»
[10:15:40] <+Senn-> Long Emini TF @ 830.7 «« simulator »»
[10:16:31] <+MasterMo> see you tomorrow
[10:20:25] <+Senn-> Exited all Emini TF Long @ 830.9 --> + 0.2 «« simulator »»
[10:22:05] <@wrbtrader> whoa again
[10:22:17] <@wrbtrader> geeesh...Oil CL futures all over the place
[10:23:41] <@wrbtrader> I don't see any "hyping" of the pending EIA Petroleum Status report but the price action is behaving as if that's exactly what's occurring.
[10:25:09] <canaandog_> <-- disoriented
[10:25:14] <+canaandog_> setting up and getting used to new platform
[10:25:23] <+canaandog_> missing the action meanwhile :(
[10:56:44] <@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
[11:40:30] <@wrbtrader> That EIA report was a big fizzle as expected because as I mentioned before...
[11:40:43] <@wrbtrader> I didn't see any "hyping" going into the report
[11:41:04] <@wrbtrader> Yet, Oil CL futures was behaving PRIOR as if there had been "hyping".
[11:41:52] <@wrbtrader> Hyping = Major financial networkds keep talking about a key market event...saying its going to tell us "more about the economy" and so on.
[11:41:59] <@wrbtrader> I didn't see that this time around.
[11:42:26] <@wrbtrader> confusing "market context" today
[11:43:32] <@wrbtrader> Emini TF futures in a Creeper Down Movement
[11:52:57] <@wrbtrader> Shorts Emini TF @ 828.10 -> medium size
[11:53:03] <@wrbtrader> 4 contracts
[11:59:36] <@wrbtrader> volatility contraction
[11:59:39] <@wrbtrader> getting tighter
[12:00:03] <@wrbtrader> I'm now expecting a volatility spike
[12:01:55] <@wrbtrader> key markets insync
[12:09:04] <@wrbtrader> Covered all Emini TF Short @ 829.30 --> - 1.2
[12:09:18] <@wrbtrader> volatility spike
[12:20:53] <@wrbtrader> Shorts Emini TF @ 829.00 -> medium size
[12:21:01] <@wrbtrader> 2+2
[12:21:05] <@wrbtrader> re-entry
[12:22:10] <@wrbtrader> Almost had it @ 829.30 but was too slow to grab it
[12:32:49] <@wrbtrader> back to back trades where I seem to uncanny enter when the volatility dried up :(
[12:33:34] <@wrbtrader> Oil CL futures and Gold GC futures showing a little weakness
[12:33:42] <@wrbtrader> not enough to keep me in this trade
[12:34:22] <@wrbtrader> Covered all Emini TF Short @ 829.30 --> - 0.3
[12:35:09] <@wrbtrader> Yet, Emini TF still in a Creeper Down Movement
[12:35:42] <@wrbtrader> expecting another volatility spike...order in
[12:41:44] <@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
[12:42:09] <@wrbtrader> Shorts Emini TF @ 829.00 -> small size
[12:42:19] <@wrbtrader> re-entry
[12:42:27] <@wrbtrader> 3 contracts
[12:45:28] <@wrbtrader> Covered all Emini TF Short @ 828.30 --> + 0.7
[12:45:38] <@wrbtrader> WRB pt1 reached
[12:45:46] <@wrbtrader> finally a winner in Emini TF
[13:22:29] <@wrbtrader> volatility spike
[13:22:48] <@wrbtrader> so far during the mid-day trading session these spikes have been drying up fast
[13:24:24] <T4n_paper> i assumed this would not last and ignored it
[13:24:44] <+T4n_paper> things change i guess
[13:24:56] <@wrbtrader> don't ignore it...just watch it to see if a trade opportunity happens
[13:25:05] <@wrbtrader> NEVER ignore it
[13:25:33] <@wrbtrader> so far there's no trade opportunity...just a volatility spike
[13:27:42] <@wrbtrader> could get something setup out of that spike...
[13:27:45] <@wrbtrader> trying hard now
[13:28:34] <@wrbtrader> Long Emini TF @ 828.00 -> small size
[13:28:52] <@wrbtrader> 1 contract
[13:29:21] <@wrbtrader> key markets got insync on the volatility spike
[13:29:34] <@wrbtrader> lets see if its enough to keep them together
[13:32:50] <@wrbtrader> volatility contraction
[13:33:19] <@wrbtrader> other markets losing their legs
[13:33:45] <@wrbtrader> Exited Emini TF Long @ 827.00 --> - 1
[13:34:58] <@wrbtrader> Shorts Emini TF @ 827.20 -> small size
[13:35:15] <@wrbtrader> 2 contracts
[13:35:46] <@wrbtrader> other key markets not showing a Creeper Down Movement
[13:35:48] <@wrbtrader> :(
[13:37:31] <@wrbtrader> will need help from Oil and Gold if this is going to drop
[13:38:10] <@wrbtrader> Covered all Emini TF Short @ 826.90 --> + 0.3
[13:42:20] <@wrbtrader> Creeper Down Movement still active...
[13:42:28] <@wrbtrader> Just not coughing up much on the Shorts
[13:44:48] <@wrbtrader> volatility spike
[13:45:08] <@wrbtrader> lets see if it will cough up another trade opportunity
[13:46:13] <@wrbtrader> EuroFX 6E futures range bound in a low volatility price action for several hours now
[14:06:24] <+T4n_paper> I'm not going to forcast this, but the moves are probably done
[14:11:20] <@wrbtrader> Oil CL futures Creeper Down Movement
[14:12:09] <@wrbtrader> Emini TF futures stuck inside of a low volatility tight trading range the past 25 minutes
[14:13:39] <@wrbtrader> volatility spike
[14:26:45] <@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
[14:27:07] <@wrbtrader> EuroFX 6E futures and Gold GC futures dead in the water at this time of the day as usual.
[14:47:29] <@wrbtrader> Emini TF futures back inside that prior difficult low volatility tight trading range
[14:49:48] <@wrbtrader> Shorts Emini TF @ 826.60 -> small size
[14:50:00] <@wrbtrader> 2 contracts
[14:51:13] <@wrbtrader> volatility spike
[14:55:16] <@wrbtrader> If we open tomorrow without much of a gap (up or down)...
[14:55:38] <@wrbtrader> The current low volatility tight trading range price zone WILL be a key price area tomorrow
[14:55:48] <@wrbtrader> regardless how it closes today
[15:04:30] <@wrbtrader> Oil CL futures slowly moving higher
[15:05:07] <@wrbtrader> It has a few recent WRB Hidden GAPs sitting below current price levels
[15:05:48] <@wrbtrader> Gold GC futures weakening
[15:06:21] <@wrbtrader> If Oil CL futures joins in...I may get a profit out of this Emini TF because its unable to do anything on its own right now
[15:09:53] <@wrbtrader> recent intervals have been so tight...now if a WRB pt appears...it will be small :(
[15:10:10] <@wrbtrader> WRB pt1 reached :(
[15:10:24] <@wrbtrader> Covered all Emini TF Short @ 826.50 --> + 0.1
[15:11:19] <@wrbtrader> If price passes back down through that 826.50 area...it should pick up steam going downward.
[15:11:26] <@wrbtrader> Its now my line in the sand for Shorts
[15:12:16] <@wrbtrader> volatility spike
[15:16:20] <@wrbtrader> markets not insync
[15:16:59] <@wrbtrader> what we need now is a "free for all" or "bar room brawl"...
[15:17:14] <@wrbtrader> key markets taking swings at anything that gets near it :)
[15:17:24] <@wrbtrader> Maybe that'll shake things up a little
[15:17:50] <+T4n_paper> 3pm onward has been stale
[15:17:54] <+T4n_paper> last few days
[15:18:03] <+T4n_paper> even earlier actually
[15:18:37] <@wrbtrader> For about 10 years, the last hour of the regular trading session was like a ATM machine or Money Tree until the financial collapse of 2008...
[15:18:46] <@wrbtrader> It all changed after that.
[15:19:41] <@wrbtrader> Now it seems like most key traders are walking out the door @ 3pm est instead of @ 4pm est
[15:22:57] <@wrbtrader> On the flip side...they are coming to work much earlier...about 4 hours earlier :)
[15:23:29] <@wrbtrader> The trade opportunities BEFORE the regular session start has improved dramatically since 2008...
[15:23:41] <@wrbtrader> Mainly due to the global economic connections
[15:24:32] <@wrbtrader> Thus, there is an equilibrium if you're willing to get up earlier and call it quits early.
[15:25:17] <@wrbtrader> I can easily see normal trading afrom 4am - 1pm est for traders that want to be active.
[15:25:44] <@wrbtrader> meant 3am - 1pm est
[15:26:58] <+T4n_paper> is there anything i can learn watching this late session?
[15:27:16] <+T4n_paper> other than not to get caught up trading chop
[15:27:46] <@wrbtrader> Not really as stated many times before in these conversation if you're only interested in Emini futures.
[15:28:40] <@wrbtrader> If/when volatility returns...it may be worth your time if this is the ONLY time you can trade
[15:29:23] <@wrbtrader> I don't expect volatility to return for a few more years eventhough there will be a few weekly spikes here and there.
[15:29:43] <+T4n_paper> well, i'll continue to study charts, cant stop that
[15:29:46] <@wrbtrader> I'm talking in referrence to "daytrading the Eminis"
[15:30:52] <@wrbtrader> Long Emini TF @ 828.60 -> small size
[15:31:01] <@wrbtrader> 2+1
[15:31:18] <@wrbtrader> Creeper Up Movement in Emini TF
[15:31:35] <@wrbtrader> Gold and Oil futures stable
[15:35:38] <@wrbtrader> Oil CL futures still in a Creeper Up Movement
[15:36:48] <futs9> Is there a ETF or stock that closely follows the TF ?
[15:37:06] <@wrbtrader> IWM and TNA
[15:37:19] <+futs9> thnx
[15:39:09] <@wrbtrader> Exited all Emini TF Long @ 827.70 --> - 0.9
[15:41:59] <@wrbtrader> Emini TF trying to go back inside that prior low volatility tight trading range
[15:43:21] <ajax> man, finally back in rooms....puter HD crashed on Friday....took all this time to get back in action....geez...dang things...can't live w/ em or wo/ em....lolll
[15:43:44] <@wrbtrader> no backup computer ?
[15:44:41] <+ajax> not current...was doing a puter reset & followed exactly the instructions that said it wud NOT erase HD...but dang thing did!!!...thot I was safe....oh well.... :((
[15:45:14] <+ajax> am a "born again puter person" now....lol
[15:45:26] <@wrbtrader> How much profit do you average per day ?
[15:45:50] <@wrbtrader> That's how much you lost when your computer crashed that kepted you offline :(
[15:46:03] <+ajax> $300-2000, depending how much time at puter
[15:46:11] <+ajax> y
[15:46:21] <+ajax> :(((((((
[15:46:31] <@wrbtrader> Emini TF futures BACK INSIDE that prior low volatility tight trading range
[15:46:42] <+ajax> the good thing now...is faster than every was....lol
[15:46:49] <@wrbtrader> Long Emini TF @ 827.40 -> medium size
[15:47:05] <@wrbtrader> 4 contracts
[15:47:25] <+ajax> & mirc not work again....like past issues with them....using KVirc now, again
[15:50:47] <+Tigerman> as always slow closing time
[15:52:17] <@wrbtrader> Exited all Emini TF Long @ 827.50 --> + 0.1
[15:53:31] <@wrbtrader> will try to grab a much lower price unless it passes through that price line in the sand I mentioned @ 826.50
[15:55:04] <@wrbtrader> :(
[15:55:18] <@wrbtrader> geeesh
[15:55:48] <+T4n_paper> Shorts TF @ 827.1 -> small size «« sim »»
[15:56:27] <@wrbtrader> I got an eye still on Oil CL futures
[15:56:41] <@wrbtrader> Its just hanging around being sneaky in that Creeper Up Movement
[15:56:45] <@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
[15:57:53] <+T4n_paper> Covered TF Short @ 827 --> + 0.1 «« sim »»
[15:57:55] <@wrbtrader> Long Emini TF @ 826.90 -> medium size
[15:58:00] <@wrbtrader> 4 contracts
[15:58:02] <@wrbtrader> intuition
[15:58:53] <@wrbtrader> tighten stop loss protection
[15:59:07] <leoconteisni> im long also
[15:59:13] <+leoconteisni> 1 contract
[15:59:17] <+leoconteisni> 827.0
[16:01:09] <@wrbtrader> Exited all Emini TF Long @ 827.10 --> + 0.2
[16:01:39] <@wrbtrader> another lame duck close unless there's some stock news soon after the close
[16:03:05] <@wrbtrader> Recently I've had an extra 15mins of trading after the close...
[16:03:29] <@wrbtrader> Just don't feel like it today...been up early this morning.
[16:07:58] <+Tigerman> I exit take care see all next time
[16:09:39] <+leoconteisni> exited 826.9
[16:09:42] <+leoconteisni> -0.1
[16:11:23] <@wrbtrader> Reminder - Key price zone between 827.30 - 826.00
[16:11:35] <@wrbtrader> I'll be watching that price area very closely tomorrow
[16:12:16] <@wrbtrader> Thus, today's last 2hrs of trading isn't fruitless
[16:12:28] <@wrbtrader> It gave us a key level for tomorrow's trading session :)
[16:12:36] <@wrbtrader> Take care all and see all tomorrow
Session Close: Thu Oct 11 17:22:32 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:

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
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