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 Post subject: October 12th Friday - Futures, Forex, Stocks and ETFs
 Post Posted: Fri Oct 12, 2012 2:44 pm 
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Trader / Forum Admin

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:
101212-Key-Price-Action-Markets.png
101212-Key-Price-Action-Markets.png [ 544.35 KiB | Viewed 263 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: Fri Oct 12 06:11:47 2012
Session Ident: #TheStrategyLab
[06:11:47] * Now talking in #TheStrategyLab
[06:11:47] * 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.'
[06:11:47] * Set by X on Wed Oct 10 03:59:05
[06:36:20] <MasterMo> Hell wrbtrader, do you know any data provider with free futures real time Russel/S&P?
[06:37:40] <+MasterMo> for the fact that in IB for ICE data you would have to USD 70, I would like to follow this chat with realtime data on commodity and Futures ICE
[06:40:56] <@wrbtrader> Hi MasterMo...
[06:41:32] <@wrbtrader> All futures brokers offer realtime data and some even offer basic charting.
[06:41:36] <@wrbtrader> for free
[06:41:55] <@wrbtrader> Simply, open up an account with a futures broker.
[06:42:06] <@wrbtrader> That's what most do.
[06:43:04] <@wrbtrader> Yet, you said IB (Interactive Brokers) ???
[06:43:39] <@wrbtrader> That's odd that IB charges a $70 fee to trade Emini TF...
[06:44:08] <@wrbtrader> You sure about that because the $70 fee is only charge to "independent data providers" that are NOT brokers.
[06:44:21] <@wrbtrader> like QCharts, eSignal and so on.
[06:44:59] <+MasterMo> no thats for non professionals as well, USD 70 for ICE realtime data
[06:45:19] <+MasterMo> data via interactive B
[06:45:36] <+MasterMo> or free delayed data
[06:45:52] <@wrbtrader> Is your account "inactive or demo only" with IB ???
[06:46:13] <+MasterMo> problem ist taht most broker offering futures do not accept non us-residents
[06:46:24] <+MasterMo> no it is real money
[06:46:28] <@wrbtrader> I've NEVER heard of a broker charging the ICE fee for sopmeone that's trading Emini TF.
[06:47:06] <@wrbtrader> How do you have an account with IB if they don't except NON us-residents ???
[06:47:19] <+MasterMo> no, I mean other brokers than IB
[06:47:58] <@wrbtrader> What's wrong with the futures brokers in your country or Europe ???
[06:49:17] <+MasterMo> no body offers futures, only stock/CFD/warrants/bonds/fonds/ETF
[06:49:36] <+MasterMo> too risky for them
[06:50:07] <@wrbtrader> What brokers in Europe allows Europeans to trade their own Eurex DAX, FTSE100, CAC40, BUND futures ?
[06:53:39] <+MasterMo> okay forgot saxo bank
[06:53:47] <@wrbtrader> Yep
[06:53:49] <@wrbtrader> :)
[06:53:57] <@wrbtrader> I have SaxoBank :)
[06:54:10] <+MasterMo> but very expensive isn it
[06:54:25] <@wrbtrader> I rarely use them but when I do...its mainly for forex swing trades or position trades
[06:56:10] <@wrbtrader> Why do you want to trade the Emini futures from Europe during one of the worst volatility market environments in many years ?
[06:56:35] <@wrbtrader> If I lived in Europe and was having problems finding a futures broker...
[06:56:40] <@wrbtrader> I would just trade Forex
[06:57:48] <+MasterMo> But thats really a market with large gaps and a strange market, as not only investors use it
[06:58:29] <@wrbtrader> Forex with large gaps...what do you mean by saying that ?
[06:59:00] <+MasterMo> your stops can easily be overrun by a gap
[06:59:24] <+MasterMo> even with seeting a stop limit order
[06:59:46] <@wrbtrader> Have you not seen the Enormous gaps in the futures markets ?
[07:00:07] <@wrbtrader> especially in the Emini futures ?
[07:00:37] <@wrbtrader> They all have "maintenance periods" (they close) and then re-open.
[07:02:06] <+MasterMo> anyway I like to trade :)
[07:02:54] <@wrbtrader> Well then it looks like you're going to have to use IB and absorb their $70 fee.
[07:03:53] <@wrbtrader> its just a business cost
[07:06:14] <@wrbtrader> I don't know anyone that offers FREE real-time intraday data for the Emini TF and Emini ES futures.
[07:13:35] <@wrbtrader> I know one of the primary reasons why Forex is popular because its EASY to open an account compare to opening a stock trading or futures trading account.
[07:21:53] <+MasterMo> will tray saxo demo
[07:21:59] <+MasterMo> for futures
[07:22:43] <+MasterMo> for trading, yes, if i am convinced of your trading style, I will have to absorb the USD 70 for sure.
[07:24:11] <+MasterMo> most of forex brokers are crap and expensive, 2 pip spread or even more on EUR/USD, no real security of your money etc.
[07:24:22] <+MasterMo> IB is good for Fotrex as well
[07:28:11] <+MasterMo> FSA security is only 48K GBP
[07:30:21] <+MasterMo> Where to contact you for an idea regarding your website?
[07:41:43] <@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
[08:34:36] <@wrbtrader> Long EuroFX 6E @ 1.2991 -> small size
[08:34:51] <@wrbtrader> 3 contracts
[08:35:25] <@wrbtrader> Exited all EuroFX 6E Long @ 1.2994 --> + 0.0003
[08:36:07] <@wrbtrader> poor entry...was chasing after a "no fill" @ 1.2986
[08:36:39] <@wrbtrader> That exit @ 1.2994 was a WRB pt1 had I gotten the entry @ 1.2986
[08:36:59] <@wrbtrader> Thus, I had to exit at that price as "if" my entry had been good.
[08:47:23] <@wrbtrader> Long Light Crude Oil CL @ 92.36 -> small size
[08:47:32] <@wrbtrader> 3 contracts
[08:49:28] <@wrbtrader> Exited all Light Crude Oil CL Long @ 92.26 --> - 0.1
[08:50:12] <@wrbtrader> Shorts Light Crude Oil CL @ 92.20 -> small size
[08:50:19] <@wrbtrader> 3 contracts
[08:53:51] <@wrbtrader> Covered all Light Crude Oil CL Short @ 92.20 --> 0
[08:54:44] <@wrbtrader> key markets struggling to get insync
[08:56:05] <@wrbtrader> Shorts Light Crude Oil CL @ 92.20 -> small size
[08:56:11] <@wrbtrader> 3 contracts
[08:56:16] <@wrbtrader> re-entry
[09:00:53] <@wrbtrader> Covered all Light Crude Oil CL Short @ 92.17 --> + 0.03
[09:01:33] <@wrbtrader> Other key markets showing a little strength...
[09:01:49] <@wrbtrader> reason why I dumped Oil CL as soon as I had a chance to escape
[09:09:17] <@wrbtrader> Shorts Light Crude Oil CL @ 92.37 -> medium size
[09:09:23] <@wrbtrader> 4 contracts
[09:10:36] <@wrbtrader> Covered all Light Crude Oil CL Short @ 92.10 --> + 0.27
[09:10:40] <@wrbtrader> whoa
[09:10:53] <@wrbtrader> one of those crazy volatility spikes like yesterday
[09:11:19] <@wrbtrader> WRB pt1 reached
[09:22:56] <+Trendtrader> gm all
[09:26:44] <@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
[09:30:50] <leoconteisni> gm all
[09:31:21] <+Trendtrader> Long Emini TF @ 827.3
[09:31:22] <+Trendtrader> x2
[09:36:10] <+Trendtrader> Exited all Emini TF Long @ 827.9 --> + 0.6
[09:36:49] <wave1> gm all
[09:38:04] <@wrbtrader> Reminder of that key price zone I talked about yesterday involving Emini TF
[09:38:16] <@wrbtrader> We're in it now
[09:38:35] <+leoconteisni> is it a hide gap zone?
[09:38:36] <@wrbtrader> Creeper Down Movement active
[09:41:32] <@wrbtrader> Shorts Emini TF @ 826.90 -> large size
[09:41:45] <@wrbtrader> 6 contracts
[09:42:15] <@wrbtrader> price action now testing the lower price of that key price area I mentioned yesterday
[09:43:39] <@wrbtrader> Covered all Emini TF Short @ 825.80 --> + 1.1
[09:43:46] <@wrbtrader> WRB pt1 reached
[09:46:02] <@wrbtrader> Now you know why you should NOT forget about any problematic price areas you were trading in the prior trading day.
[09:46:33] <@wrbtrader> They do provide a wealth of information that can be exploited the next trading day if/when the price action returns to it.
[09:52:49] <@wrbtrader> pending 0955am est key market event
[09:53:05] <@wrbtrader> Two more at 1235am est and 1400pm est
[09:59:15] <@wrbtrader> Light Crude Oil CL futures WRB Hidden GAP @ 0934am - 0936am est
[10:01:29] <+wave1> S es 33
[10:04:28] <+wave1> out tick
[10:04:38] <+wave1> too much buy pressure
[10:15:33] <@wrbtrader> Long Emini TF @ 828.90 -> small size
[10:15:42] <@wrbtrader> 1 contract
[10:17:58] <@wrbtrader> Exited Emini TF Long @ 828.20 --> - 0.7
[10:18:47] <@wrbtrader> Long Emini TF @ 828.30 -> small size
[10:19:09] <@wrbtrader> 1 contract
[10:19:13] <@wrbtrader> re-entry
[10:20:27] <@wrbtrader> Exited Emini TF Long @ 827.50 --> - 0.8
[10:20:51] <@wrbtrader> S area of most recent WRB Hidden GAP being tested
[10:25:58] <@wrbtrader> Emini TF back inside that key price zone
[10:26:19] <@wrbtrader> on low volatility
[10:32:16] <@wrbtrader> Shorts Emini TF @ 826.50 -> small size
[10:32:50] <@wrbtrader> Creeper Down Movement on the lower time frame charts
[10:32:57] <@wrbtrader> 1 contract
[10:38:08] <@wrbtrader> Covered Emini TF Short @ 827.00 --> - 0.5
[10:45:56] <@wrbtrader> volatility spike in the eminis
[10:47:45] <@wrbtrader> Long Emini TF @ 825.60 -> small size
[10:47:51] <@wrbtrader> 2 contracts
[10:48:02] <@wrbtrader> long lower shadow
[10:52:41] <@wrbtrader> Exited all Emini TF Long @ 825.00 --> - 0.6
[10:53:27] <@wrbtrader> another long lower shadow
[10:55:34] <@wrbtrader> Long Emini TF @ 825.70 -> small size
[10:55:41] <@wrbtrader> 3 contracts
[10:56:13] <+wave1> bounces are being sold
[10:56:27] <+wave1> nq
[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
[10:57:08] <@wrbtrader> I tried shorting...only the first one worked with a big profit
[10:57:23] <@wrbtrader> All others that follow have been taking me out with small losses
[10:59:12] <Senn-> Long Emini TF @ 826.1 «« simulator »»
[10:59:59] <@wrbtrader> Exited all Emini TF Long @ 826.00 --> + 0.3
[11:00:50] <+Senn-> Exited all Emini TF Long @ 825.7 --> - 0.4 «« simulator »»
[11:11:17] <@wrbtrader> volatility spike
[11:15:59] <@wrbtrader> Creeper Down Movement with no entry signals into it :(
[11:31:32] <@wrbtrader> Shorts Emini TF @ 822.10 -> small size
[11:31:45] <@wrbtrader> 3 contracts
[11:32:01] <@wrbtrader> Creeper Down Movement still active
[11:32:49] <@wrbtrader> Covered all Emini TF Short @ 821.80 --> + 0.3
[11:33:20] <@wrbtrader> trail pick pocketed
[11:35:10] <+wave1> later guys ..
[11:35:32] <+wave1> N it seems that some days I connect here but many days I dont all last week no connect :(
[11:36:44] <+wave1> oh well u all have a good weekend
[11:36:46] <+wave1> ty
[11:42:21] <@wrbtrader> Shorts Emini TF @ 820.40 -> small size
[11:42:32] <@wrbtrader> 3 contracts
[11:42:49] <@wrbtrader> Creeper Down Movement still active
[11:43:29] <@wrbtrader> not coughing up good entries and that makes it tought to manage the trades without the wiggle room to stay in the trade
[11:47:14] <@wrbtrader> Covered all Emini TF Short @ 821.20 --> - 0.8
[11:48:29] <@wrbtrader> Shorts Emini TF @ 821.10 -> medium size
[11:48:39] <@wrbtrader> 4 contracts
[11:48:43] <@wrbtrader> re-entry
[11:50:40] <@wrbtrader> tough
[11:51:34] <@wrbtrader> Got a nice directional down movement since 1020am est...
[11:51:55] <@wrbtrader> painful to hold the Shorts through the counter-thrusts
[11:53:00] <@wrbtrader> Covered all Emini TF Short @ 820.90 --> + 0.2
[11:53:06] <@wrbtrader> :(
[12:08:51] <@wrbtrader> Emini NQ futures in a Creeper Up Movement but its not getting any help from other key markets
[12:22:10] <@wrbtrader> Light Crude Oil CL futures Creeper Down Movement still active
[12:24:11] <@wrbtrader> Gold GC futures Creeper Down Movement still active
[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
[13:40:38] <@wrbtrader> Creeper Down Movements still active in the Emini ES, TF, EMD, NQ and YM futures
[13:40:52] <@wrbtrader> Eurex DAX futures too
[14:11:45] <@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
[15:51:15] <@wrbtrader> 10 tick range going into the close for the past 10 minutes
[15:51:35] <canaandog> tell me about it
[15:54:00] <+canaandog> the half hour before that was really exciting, too
[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
[15:59:38] <@wrbtrader> Long Emini TF @ 821.10 -> large size
[15:59:53] <@wrbtrader> 6 contracts
[16:00:21] <@wrbtrader> Exited all Emini TF Long @ 820.10 --> - 1
[16:01:58] <@wrbtrader> back down into the 10 tick range
[16:02:36] <@wrbtrader> Shorts Emini TF @ 819.60 -> large size
[16:02:46] <@wrbtrader> 5+1
[16:03:09] <@wrbtrader> trying the breakout of that range
[16:03:25] <@wrbtrader> didn't work @ the upper level...now trying the lower level
[16:05:26] <+Fleneer> NQ tanked at the bell.2716.00 came down to 2710.00
[16:05:47] <@wrbtrader> Oil CL futures still pushing lower
[16:06:16] <@wrbtrader> looks like thats it
[16:06:22] <+Fleneer> 6 points and I got none of it. Did manage to trade my way into a green week.
[16:06:50] <+Fleneer> A scalp her and a scalp there and if you're lucky it ends green.
[16:11:57] <@wrbtrader> Covered all Emini TF Short @ 819.30 --> + 0.3
[16:12:29] <@wrbtrader> It took about 1 minute to get a confirmation on that fill :(
[16:12:54] <+canaandog> wow - not good
[16:13:14] <+canaandog> have a good weekend
[16:13:47] <@wrbtrader> Long Emini TF @ 819.80 -> large size
[16:13:59] <@wrbtrader> 6 contracts
[16:14:48] <@wrbtrader> Exited all Emini TF Long @ 819.50 --> - 0.3
[16:15:23] <@wrbtrader> Long Emini TF @ 819.50 -> large size
[16:15:38] <@wrbtrader> re-entry
[16:16:26] <@wrbtrader> I'm ready for the swing trade
[16:16:35] <@wrbtrader> not sure on the size yet
[16:18:54] <@wrbtrader> Same trade reason as the prior swing a few weeks ago...trading a known "market tendency".
[16:21:31] <@wrbtrader> I think this trade will hold without the pick pocketing.
[16:21:58] <@wrbtrader> Take care all and have a safe/good weekend
Session Close: Fri Oct 12 16:28:24 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
Go Back To TheStrategyLab.com Homepage


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