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 Post subject: October 16th Tuesday - Futures, Forex, Stocks and ETFs
 Post Posted: Tue Oct 16, 2012 7:25 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:
101612-Key-Price-Action-Markets.png
101612-Key-Price-Action-Markets.png [ 528.81 KiB | Viewed 242 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: Tue Oct 16 06:55:07 2012
Session Ident: #TheStrategyLab
[06:55:07] * Now talking in #TheStrategyLab
[06:55:07] * 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.'
[06:55:07] * Set by X on Wed Oct 10 03:59:05
[08:00:58] <@wrbtrader> Long EuroFX 6E @ 1.3060 -> medium size
[08:01:05] <@wrbtrader> 2+2
[08:02:23] <@wrbtrader> Exited all EuroFX 6E Long @ 1.3057 --> - 0.0003
[08:12:00] <@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
[08:20:24] <@wrbtrader> Shorts EuroFX 6E @ 1.3059 -> medium size
[08:20:44] <@wrbtrader> 2+2
[08:20:47] <@wrbtrader> :(
[08:22:02] <@wrbtrader> Covered all EuroFX 6E Short @ 1.3059 --> 0
[08:22:49] <@wrbtrader> Long EuroFX 6E @ 1.3058 -> medium size
[08:22:59] <@wrbtrader> prior trade was a trade error
[08:23:25] <@wrbtrader> 3+1
[08:24:59] <@wrbtrader> EuroFX 6E futures getting a little support from other key markets
[08:32:22] <@wrbtrader> Exited all EuroFX 6E Long @ 1.3064 --> + 0.0006
[08:32:32] <@wrbtrader> WRB pt1 reached
[08:35:38] <@wrbtrader> Shorts Light Crude Oil CL @ 91.88 -> small size
[08:35:47] <@wrbtrader> 3 contracts
[08:36:21] <@wrbtrader> Heating Oil HO futures, Brent futures and Oil CL futures volatility spike
[08:37:29] <@wrbtrader> Covered all Light Crude Oil CL Short @ 91.87 --> + 0.01
[08:39:55] <@wrbtrader> Shorts Light Crude Oil CL @ 91.97 -> small size
[08:40:01] <@wrbtrader> 3 contracts
[08:40:04] <@wrbtrader> re-entry
[08:49:41] <@wrbtrader> Covered all Light Crude Oil CL Short @ 91.96 --> + 0.01
[08:49:56] <@wrbtrader> almost a WRB pt level
[08:57:29] <@wrbtrader> Light Crude Oil CL futures having trouble trying to retrace back into the range of the WRB Hidden GAP @ 0826am - 0828am est
[09:01:02] <@wrbtrader> Long Light Crude Oil CL @ 92.13 -> small size
[09:01:18] <@wrbtrader> 3 contracts
[09:05:57] <@wrbtrader> Oil CL futures now getting a little help from other key markets.
[09:08:17] <@wrbtrader> Exited all Light Crude Oil CL Long @ 92.27 --> + 0.14
[09:08:24] <@wrbtrader> WRB pt1 reached
[09:09:38] <@wrbtrader> whoa
[09:09:47] <canaandog> yeah
[09:10:59] <@wrbtrader> Good example of the advantage of using profitable "trail stops" when at a profit...
[09:11:20] <@wrbtrader> To prevent big sudden moves like this from turning a profitable trade into a losing trade.
[09:13:05] <@wrbtrader> Shorts Light Crude Oil CL @ 91.70 -> small size
[09:13:15] <@wrbtrader> 3 contracts
[09:13:27] <@wrbtrader> poor entry
[09:13:43] <@wrbtrader> had a problem with my order size default
[09:14:44] <@wrbtrader> Covered all Light Crude Oil CL Short @ 91.56 --> + 0.14
[09:14:55] <@wrbtrader> WRB pt1 reached
[09:15:29] <@wrbtrader> Original trade signal entry that I had the problem @ 91.82
[09:15:39] <@wrbtrader> that's 12 ticks left on the table
[09:17:47] <Trendtrader> gm all
[09:21:51] <@wrbtrader> Shorts Light Crude Oil CL @ 91.71 -> small size
[09:21:57] <@wrbtrader> 2 contracts
[09:22:13] <@wrbtrader> Oil CL futures in a Creeper Down Movement
[09:24:27] <@wrbtrader> trailing @ profit
[09:25:03] <@wrbtrader> Covered all Light Crude Oil CL Short @ 91.63 --> + 0.08
[09:28:17] <@wrbtrader> Emini TF futures still range bound inside the 0742am - 0745am est WRB Hidden GAP (key change in supply/demand)
[09:29:17] <sunking> Are you trading off a 1 minute chart?
[09:29:35] <@wrbtrader> 15min, 5min, 3min and 2min charts
[09:30:19] <@wrbtrader> Simply, I look for trade signals on any of those chart intervals...they are up on my monitors side by side.
[09:30:40] <+Trendtrader> Long Emini TF @ 830.6 «« simulator »»
[09:30:41] <+Trendtrader> x2
[09:30:51] <@wrbtrader> I'll only use the 1min chart interval in special high volatility situations
[09:33:53] <@wrbtrader> Emini TF now below the S area of that WRB Hidden GAP
[09:35:33] <+Trendtrader> Exited all Emini TF Long @ 829.1 --> - 1.5 «« simulator »»
[09:39:31] <@wrbtrader> Key Market Event remaining @ 1000am est
[09:42:00] <@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
[09:45:51] <@wrbtrader> Starting to look like the regular trading session is waiting for those 1000am est report numbers
[09:45:53] <@wrbtrader> :(
[09:57:15] <@wrbtrader> Emini TF futures in a Creeper Up Movement
[09:58:58] <@wrbtrader> In fact, Emini ES, YM, NQ and EMD are all "creeping higher"
[10:01:24] <@wrbtrader> Long Emini TF @ 832.40 -> medium size
[10:01:27] <@wrbtrader> 3+1
[10:03:09] <@wrbtrader> my entry interval just closed as a "long upper shadow"
[10:03:45] <@wrbtrader> will now need help from other key markets to keep Emini TF from retracing more
[10:04:56] <@wrbtrader> Exited all Emini TF Long @ 831.50 --> - 0.9
[10:06:04] <@wrbtrader> Back inside the range of that earlier mention WRB Hidden GAP
[10:06:48] <+sunking> What timeframe is that WRB on?
[10:07:09] <@wrbtrader> [09:28:17] <@wrbtrader> Emini TF futures still range bound inside the 0742am - 0745am est WRB Hidden GAP (key change in supply/demand)
[10:07:32] <@wrbtrader> The difference between 0742am to 0745am is 3mins
[10:07:37] <@wrbtrader> Thus, its the 3min chart
[10:08:32] <@wrbtrader> Emini TF futures has a WRB Hidden GAP below @ 0950am - 0952am est
[10:09:45] <@wrbtrader> Shorts Emini TF @ 831.40 -> medium size
[10:09:53] <@wrbtrader> 2+2
[10:10:54] <@wrbtrader> retested the R area of that WRB Hidden GAP
[10:11:52] <@wrbtrader> Oil CL futures retested its R area of WRB Hidden GAP @ 0946am - 0948am est
[10:11:59] <+sunking> Are the S and R areas support and resistance?
[10:12:19] <@wrbtrader> sunking...didn't you read the free study guide ?
[10:13:02] <+sunking> Yes I just wanted to make sure I knew your abbreviations.
[10:13:25] <@wrbtrader> In the study guide it specifically states that S area = support :)
[10:15:22] <@wrbtrader> Oil CL futures, Gold GC futures and EuroFX 6E futures with Eminis trying hard to get insync on the volatility
[10:16:20] <@wrbtrader> Covered all Emini TF Short @ 832.00 --> - 0.6
[10:17:48] <@wrbtrader> Still a tight trading range trading day for Emini TF futures...around 5 points.
[10:17:53] <@wrbtrader> volatility now declining
[10:20:01] <@wrbtrader> Shorts Emini TF @ 831.40 -> medium size
[10:20:06] <@wrbtrader> 4 contracts
[10:20:09] <@wrbtrader> re-entry
[10:20:27] <@wrbtrader> key markets insync again on the volatility
[10:21:41] <@wrbtrader> Emini TF putting up a fight
[10:22:29] <@wrbtrader> Covered all Emini TF Short @ 831.20 --> + 0.2
[10:22:34] <@wrbtrader> S area # 830.50 but only with some help
[10:23:30] <@wrbtrader> another bounce back upwards above the R area but the overall range is still tight with volatility still declining
[10:25:45] <@wrbtrader> Shorts Emini TF @ 831.00 -> medium size
[10:25:53] <@wrbtrader> 2+2
[10:26:13] <@wrbtrader> re-entry
[10:26:20] <@wrbtrader> S area retest
[10:26:40] <@wrbtrader> choppy now
[10:29:02] <@wrbtrader> Emini TF Big picture...that big WRB Hidden GAP @ 0742am - 0745am est is controlling the price action
[10:29:28] <@wrbtrader> after I close this trade...
[10:29:46] <@wrbtrader> I won't take anymore trades inside the range of that WRB Hidden GAP
[10:32:32] <@wrbtrader> Emini TF has developed a tendency this year to get "stuck inside the range" of big WRB Hidden GAPs...
[10:33:20] <@wrbtrader> Covered all Emini TF Short @ 832.00 --> - 1
[10:33:36] <@wrbtrader> Unable to develop enough volatility to stay outside of it until the next key news event
[10:34:06] <@wrbtrader> TF above the range now
[10:36:18] <@wrbtrader> It doesn't help that other key markets have also tighten up in their range and volatility today.
[10:36:26] <@wrbtrader> all declining in their volatility
[10:47:50] <@wrbtrader> its unusual to see EuroFX 6E futures like this...
[10:48:07] <@wrbtrader> usually it had extremely low volatility at this time of the day
[10:48:24] <@wrbtrader> so low that its not worth monitoring
[10:49:14] <@wrbtrader> Emini TF futures ranges getting smaller
[10:49:43] <@wrbtrader> Its now down to about 2 points since 10am est
[10:51:03] <@wrbtrader> range now trying to expand
[11:01:03] <@wrbtrader> Emini TF futures WRB Hidden GAP @ 0730am - 0745am est shows how tight the range is...
[11:01:24] <@wrbtrader> volatility has been declining ever since that particular WRB Hidden GAP
[11:27:01] <@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
[12:08:43] <@wrbtrader> Long Emini TF @ 832.60 -> medium size
[12:08:58] <@wrbtrader> 4 contracts
[12:09:02] <@wrbtrader> Creeper Up Movement
[12:09:38] <@wrbtrader> It's been as such since 1130am est but only now did it start showing some volatility
[12:10:14] <@wrbtrader> now in a tough resistance area
[12:12:41] <@wrbtrader> it gave it a good try
[12:13:16] <@wrbtrader> won't complain as long as it tried hard to stay above
[12:13:56] <@wrbtrader> 833.10 is the reaction high
[12:14:55] <@wrbtrader> Exited all Emini TF Long @ 832.80 --> + 0.2
[12:15:38] <+canaandog> ? I have 833.4 on two feeds
[12:16:05] <@wrbtrader> why the ?
[12:16:37] <+canaandog> .3 diff seems excessive
[12:16:55] <@wrbtrader> you've lost me
[12:17:06] <@wrbtrader> I think we're talking about different things.
[12:17:28] <@wrbtrader> I said "reaction high" but I think you're thinking "high price of some particular interval".
[12:17:42] <+canaandog> yes, ok, misunderstood
[12:18:19] <@wrbtrader> Theres are today's reaction highs @ 1000am, 1033am and 1130am est
[12:18:53] <@wrbtrader> And now 1209am est just joined the group
[12:19:18] <@wrbtrader> wasn't part of the group when I made my commentary because it was NOT a reaction high via the tutorials.
[12:20:12] <@wrbtrader> remember "reaction highs" need the retracement of "two intervals"
[12:20:43] <+canaandog> right
[12:20:53] <@wrbtrader> two rising intervals "before" and two declining intervals "after" and the other required price action
[12:21:23] <@wrbtrader> Emini TF price action now back inside that problematic WRB Hidden GAP
[12:23:53] <+canaandog> and the high I have of the 12:09 peak is 833.4
[12:30:41] <T4n_paper> Long TF @ 831.5 -> small size «« sim »»
[12:31:40] <+T4n_paper> Exited TF Long @ 831.7 --> + 0.2 «« sim »»
[12:49:58] <+T4n_paper> Shorts TF @ 831.2 -> small size «« sim »»
[12:57:01] <@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
[12:58:21] <+T4n_paper> Covered TF Short @ 830.5 --> + 0.7 «« sim »»
[13:38:58] <@wrbtrader> boring price action
[13:39:31] <@wrbtrader> still stuck inside the range of that big WRB Hidden GAP @ 0742am - 0745am est
[14:42:02] <@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
[15:28:10] <@wrbtrader> amazing sometime how much volatility contraction there has been so far this year.
[15:28:19] <@wrbtrader> during the regular trading session
[15:28:56] <@wrbtrader> You only have a few options to "adapt" :
[15:29:53] <@wrbtrader> Add other trading instruments like Emini TF, Oil CL and EuroFX 6E futures...
[15:30:16] <@wrbtrader> Trading them during their most active trading sessions (each is different than the other).
[15:30:20] <@wrbtrader> or
[15:30:30] <@wrbtrader> and/or is what I meant
[15:30:58] <@wrbtrader> Use more higher time frames trading style like Swing Trading or Position Trading along with the day trading.
[15:31:33] <@wrbtrader> The other option (not likely)...stop trading and wait a few years for volatility to return to all key markets :)
[15:38:49] <ajax> that is true, wrb.... :)
[15:40:48] <@wrbtrader> Stocks, Commodities, Euro Gain on Spain Bailout Optimism
[15:40:57] <@wrbtrader> @ http://www.bloomberg.com/news/2012-10-1 ... mates.html
[15:41:54] <@wrbtrader> Long Emini TF @ 832.00 -> large size
[15:42:08] <@wrbtrader> 4+2
[15:43:06] <@wrbtrader> Emini TF having problems again @ R level of that WRB Hidden GAP
[15:43:44] <@wrbtrader> It doesn't have much time remaining in the regular trading session to get it right
[15:46:15] <+ajax> last programs now
[15:46:32] <@wrbtrader> too bad Oil CL futures wasn't more active today in the regular trading session...
[15:46:40] <@wrbtrader> That would have helped the overall markets today
[15:52:14] <@wrbtrader> WRB pt1 reached (shallow)
[15:52:28] <@wrbtrader> was not expecting that type of WRB pt level
[15:56:48] <+ajax> gn
[15:57:05] <@wrbtrader> tested the R area of the WRB Hidden GAP @ 1212pm - 1215pm est
[15:57:48] <@wrbtrader> trailing @ profit
[15:58:03] <@wrbtrader> Exited all Emini TF Long @ 832.60 --> + 0.6
[16:00:09] <@wrbtrader> Long Emini TF @ 832.50 -> large size
[16:00:17] <@wrbtrader> 4+2
[16:00:22] <@wrbtrader> re-entry
[16:00:50] <@wrbtrader> I had 832.10 but was too slow to grab it
[16:00:58] <@wrbtrader> WRB pt1 reached
[16:02:01] <@wrbtrader> Exited all Emini TF Long @ 833.00 --> + 0.5
[16:03:29] <@wrbtrader> Did good today in Light Crude Oil CL futures, happy with EuroFX 6E trades and a losing effort on Emini TF futures (small loss)
[16:04:32] <@wrbtrader> I'm still considering a "swing trade" but the price is too high and I'm already out of the recent trade.
[16:05:09] <@wrbtrader> Will reconsider if it pulls down to around 831.00
[16:12:02] <@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
[16:14:49] <@wrbtrader> wow
[16:15:25] <@wrbtrader> strange price action in Emini TF futures
[17:42:03] <@X> #TheStrategyLab -> 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.
Session Close: Tue Oct 16 18:34:13 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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