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 Post subject: October 24th Wednesday - Futures, Forex, Stocks and ETFs
 Post Posted: Wed Oct 24, 2012 6:07 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 for traders using WRB Analysis by itself or merged with other trade methods to improve the performance of those other trade methods regardless if you're a position trader, swing trader or day trader. Therefore, you're welcome to use the chat room to post real-time trades, real-time price action analysis or market commentaries involving stocks, futures, exchange traded funds or forex currencies. 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.

#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 their trades and their market commentaries of each trading day...giving 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 the past. Therefore, if you use our chat room...its highly recommended you post messages that reflect what you see in the price action on your monitors. Your diary (journal).

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:
102412-Key-Price-Action-Markets.png
102412-Key-Price-Action-Markets.png [ 537.19 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: Wed Oct 24 08:15:06 2012
Session Ident: #TheStrategyLab
[08:15:06] * Now talking in #TheStrategyLab
[08:15:06] * 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.'
[08:15:06] * Set by X on Wed Oct 10 03:59:05
[08:32:31] <canaandog> cl been in/around that 0420-22et wrb for a while now
[08:43:28] <@wrbtrader> Good morning all
[08:44:41] <+canaandog> gm
[09:23:09] <+Trendtrader> gm all
[09:24:33] <@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
[09:30:32] <+Trendtrader> Long Emini TF @ 817.5
[09:30:33] <+Trendtrader> x2
[09:37:30] <@wrbtrader> Shorts Emini TF @ 816.10 -> large size
[09:37:44] <@wrbtrader> 6 contracts
[09:37:51] <@wrbtrader> a little early on the entry
[09:38:15] <@wrbtrader> felt it was going to try to run away on "increasing volatility"
[09:38:24] <@wrbtrader> early via a few seconds
[09:39:59] <@wrbtrader> Covered 2/3 Emini TF Short @ 814.80 --> + 1.3
[09:40:54] <@wrbtrader> Covered Remainder Emini TF Short @ 814.50 --> + 1.6
[09:41:14] <+Trendtrader> Exited all Emini TF Long @ 814.5 --> - 3
[09:41:17] <@wrbtrader> Emini TF futures in a Creeper Down Movement
[09:43:11] <@wrbtrader> Emini YM futures in a Creeper Down Movement
[09:44:22] <@wrbtrader> Shorts Emini TF @ 813.50 -> small size
[09:44:29] <@wrbtrader> 2 contracts
[09:44:59] <werner> gm all
[09:46:53] <@wrbtrader> Covered all Emini TF Short @ 812.30 --> + 1.2
[09:46:58] <@wrbtrader> WRB pt1 reached
[09:49:45] <@wrbtrader> The increasing volatility is due to the HYPED (expecting) ECB President Draghi speach around 10am est
[09:50:39] <@wrbtrader> It has been talked about a lot this morning and yesterday evening on several well watched financial networks like CNBC, Bloomberg and BBC Business News
[09:58:20] <@wrbtrader> pending 10am est key market events
[09:59:01] <+werner> thnx mark
[09:59:11] <+werner> brb
[10:00:01] <@wrbtrader> Long Light Crude Oil CL @ 86.40 -> small size
[10:00:10] <@wrbtrader> 3 contracts
[10:00:54] <@wrbtrader> Exited all Light Crude Oil CL Long @ 86.34 --> - 0.06
[10:04:34] <@wrbtrader> Shorts Light Crude Oil CL @ 86.36 -> medium size
[10:04:42] <@wrbtrader> 3+1
[10:04:54] <@wrbtrader> a lot of chop
[10:05:04] <@wrbtrader> now 2nd guessing my trade decision
[10:06:22] <@wrbtrader> Covered all Light Crude Oil CL Short @ 86.25 --> + 0.11
[10:06:38] <@wrbtrader> key markets "barely" insync
[10:07:15] <@wrbtrader> Light Crude Oil CL futures has a lot of Long Shadows (above and below) intervals
[10:07:19] <@wrbtrader> = chop
[10:29:59] <@wrbtrader> wow...look at Oil CL futures
[10:30:07] <+canaandog> !!
[10:35:43] <@wrbtrader> Looks like the 1030am est EIA Petroleum Status report is a "big bang"
[10:36:15] <+canaandog> yeah. regretting I didn't actually put on the small spec short I was considering. oh well.
[10:37:01] <+werner> back
[10:39:44] <@wrbtrader> Light Crude Oil CL futures in a Creeper Down Movement
[10:40:41] <@wrbtrader> strange...
[10:40:59] <@wrbtrader> two exact charts side by side with a few intervals "different"
[10:41:09] <@wrbtrader> I saw this before last week too :(
[10:42:24] <@wrbtrader> Shorts Light Crude Oil CL @ 85.70 -> small size
[10:42:29] <@wrbtrader> 2 contracts
[10:46:17] <@wrbtrader> Covered all Light Crude Oil CL Short @ 85.64 --> + 0.06
[10:48:52] <@wrbtrader> Remainder Key Market Events today @ 11:15am est, 2:15pm est and 4:00pm est
[10:50:40] <+canaandog> econoday shows fed at 1230?
[10:52:52] <@wrbtrader> Shorts Light Crude Oil CL @ 85.66 -> large size
[10:53:02] <@wrbtrader> 6 contracts
[10:54:33] <@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
[10:54:38] <@wrbtrader> the chop in Oil CL futures is alot scarier than the chop in Emini TF futures
[10:55:31] <@wrbtrader> Covered all Light Crude Oil CL Short @ 85.73 --> - 0.07
[10:57:07] <@wrbtrader> Shorts Light Crude Oil CL @ 85.73 -> large size
[10:57:16] <@wrbtrader> 3+3
[10:57:19] <@wrbtrader> re-entry
[10:57:34] <@wrbtrader> same price action...all over the map
[10:59:52] <@wrbtrader> Covered all Light Crude Oil CL Short @ 85.68 --> + 0.05
[11:00:54] <@wrbtrader> Oil CL futures retraced back above the S area of the most recent WRB Hidden GAP that involved the reaction to the EIA Petroleum Status Report
[11:03:02] <@wrbtrader> Here's what others are saying on stocktwits (twitter) about Oil CL futures @ http://stocktwits.com/symbol/CL_F
[11:07:56] <@wrbtrader> Long Light Crude Oil CL @ 85.80 -> large size
[11:08:05] <@wrbtrader> 6 contracts
[11:15:48] <@wrbtrader> Exited all Light Crude Oil CL Long @ 85.83 --> + 0.03
[11:16:02] <@wrbtrader> lucky exit
[11:16:37] <@wrbtrader> Had a "no fill" before the retracement about 8 mins ago
[11:17:02] <@wrbtrader> that would have been a 5 tick profi
[11:17:23] <@wrbtrader> then it dropped...tried to exit at a small loss...again no fill
[11:18:01] <@wrbtrader> then it slowly creeped back upwards giving me a chance to escape the trade...back almost at the first no fill
[11:19:11] <@wrbtrader> Psychologically, the "no fills" is something I'm still trying to learn how to manage after +20 years of trading.
[11:19:14] <@wrbtrader> very tough
[11:28:53] <@wrbtrader> Long Light Crude Oil CL @ 85.57 -> medium size
[11:29:01] <@wrbtrader> 3+1
[11:31:38] <@wrbtrader> spooky spike in Gold GC futures...
[11:31:41] <@wrbtrader> out of nowhere
[11:35:05] <@wrbtrader> Exited all Light Crude Oil CL Long @ 85.70 --> + 0.13
[11:35:16] <@wrbtrader> WRB pt1 reached
[11:35:33] <@wrbtrader> volatility spike in Oil CL futures
[11:39:14] <@wrbtrader> I'm still bullish on Oil futures
[11:39:30] <@wrbtrader> until it makes a new intraday low
[11:49:49] <@wrbtrader> $CL_F no longer bullish now after it made new intraday low. S area of the big WRB Hidden GAP can still be used as a profit target.
[12:24:34] <@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
[12:49:40] <T4n_paper> Long TF @ 812.5 -> small size «« sim »»
[12:56:09] <+T4n_paper> Exited TF Long @ 812.7 --> + 0.2 «« sim »»
[13:09:49] <+werner> Long Emini NQ @ 2658.5
[13:11:57] <+werner> Exited all Emini NQ Long @ 2657.50 --> - 1
[13:14:55] <+werner> Long Emini NQ @ 2656.00
[13:17:59] <+werner> Exited all Emini NQ Long @ 2657.50 --> + 1.5
[14:09:34] <@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.
[14:11:43] <+T4n_paper> low vol
[14:13:11] <@wrbtrader> EuroFX 6E futures and Oil CL futures sneezed first in reaction to the pending FOMC Announcement
[14:16:34] <@wrbtrader> Shorts EuroFX 6E @ 1.2956 -> small size
[14:16:44] <@wrbtrader> 3 contracts
[14:17:22] <@wrbtrader> tight stop loss protection now that the initial price action has happened
[14:17:50] <@wrbtrader> Covered all EuroFX 6E Short @ 1.2959 --> - 0.0003
[14:20:27] <+T4n_paper> long shadow
[14:22:36] <@wrbtrader> Shorts EuroFX 6E @ 1.2957 -> small size
[14:22:41] <+T4n_paper> missed short, not chasing
[14:22:58] <@wrbtrader> 3 contracts
[14:23:02] <@wrbtrader> re-entry
[14:25:20] <@wrbtrader> Covered all EuroFX 6E Short @ 1.2965 --> - 0.0008
[14:26:26] <@wrbtrader> all key markets went back to their "pre announcement" price area...
[14:26:51] <+canaandog> sound and fury...
[14:29:01] <@wrbtrader> That's good for everybody except for EuroFX 6E futures
[14:29:47] <@wrbtrader> EuroFX 6E is very prone to now just "sitting here" at this level...going nowhere until later tonight or early tomorrow morning.
[14:29:49] <@wrbtrader> :(
[14:31:09] <+T4n_paper> Long TF @ 812.7 -> small size «« sim »»
[14:33:56] <+T4n_paper> Exited TF Long @ 811.9 --> - 0.8 «« sim »»
[14:34:51] <+T4n_paper> Shorts TF @ 811.9 -> small size «« sim »»
[14:34:56] <@wrbtrader> Now price noise showing up
[14:36:58] <+T4n_paper> Covered TF Short @ 812.7 --> - 0.8 «« sim »»
[14:37:03] <+T4n_paper> got run over both ways
[14:37:04] <@wrbtrader> Long EuroFX 6E @ 1.2974 -> small size
[14:37:40] <@wrbtrader> I'll be ok if volatility does dry up again
[14:37:46] <@wrbtrader> just did
[14:39:53] <@wrbtrader> only good thing right now is that key markets are insync
[14:40:07] <@wrbtrader> their volatility shows up and disappears about the same time
[14:41:02] <@wrbtrader> Exited all EuroFX 6E Long @ 1.2970 --> - 0.0004
[14:41:36] <@wrbtrader> 6 tick range now in the EuroFX 6E
[14:42:21] <+werner> Long Emini NQ @ 2659.75
[14:42:24] <@wrbtrader> Long EuroFX 6E @ 1.2972 -> small size
[14:42:35] <@wrbtrader> 1 contract
[14:43:00] <@wrbtrader> trails too tight
[14:43:24] <@wrbtrader> Long EuroFX 6E @ 1.2970 -> Add
[14:43:42] <@wrbtrader> 2 added
[14:43:54] <@wrbtrader> re-entry
[14:44:32] <+werner> Exited all Emini NQ Long @ 2661.50 --> + 1.75
[14:46:02] <@wrbtrader> rarely do we see this type of FOMC Announcement price action that involves ALL key markets in a low volatility tight trading range.
[14:46:20] <+T4n_paper> Shorts TF @ 812.1 -> small size «« sim »»
[14:46:38] <@wrbtrader> It's like a Champaign bottle being slowly shaken...
[14:46:44] <@wrbtrader> The cork is preparing to pop
[14:47:04] <+T4n_paper> lol
[14:48:16] <+T4n_paper> the cork might get sucked into the bottle here
[14:48:39] <+werner> hihi
[14:49:13] <+T4n_paper> Covered TF Short @ 811.8 --> + 0.3 «« sim »»
[14:51:23] <@wrbtrader> starting to look like trading desks have fallen to sleep
[14:51:44] <+T4n_paper> sheesh
[14:52:46] <@wrbtrader> wow...everybody is like stuck together in their volatility movement...
[14:52:50] <@wrbtrader> right now its dried up
[14:56:33] <@wrbtrader> geeesh...strange pop
[14:58:26] <@wrbtrader> Exited all EuroFX 6E Long @ 1.2982 --> + 0.0022
[14:58:48] <@wrbtrader> WRB pt1 reached
[14:59:02] <@wrbtrader> other key markets not keeping pace...
[14:59:31] <@wrbtrader> Decided to dump that because of the lack of volatility in other markets
[14:59:44] <@wrbtrader> Houdini Escape
[15:01:50] <@wrbtrader> Emini TF futures slowly getting more uglier with its volatility
[15:02:23] <+T4n_paper> its trying to get me to play
[15:02:35] <@wrbtrader> Oil CL futures creeping higher
[15:03:05] <@wrbtrader> Emini futures so far not taking the bait from other key markets
[15:05:37] <@wrbtrader> Shorts Emini TF @ 811.00 -> small size
[15:05:48] <@wrbtrader> 1 contract
[15:06:05] <@wrbtrader> Emini ES / SPY pushed down hard
[15:06:19] <@wrbtrader> now that I'm short...their volatility just died
[15:06:34] <@wrbtrader> They just know when I'm knocking on the door :(
[15:08:16] <@wrbtrader> Covered Emini TF Short @ 811.00 --> 0
[15:23:53] <@wrbtrader> Creeper Down Movement now in all the Emini Futures
[15:24:39] <@wrbtrader> Shorts Emini TF @ 810.10 -> small size
[15:24:54] <@wrbtrader> 1 contract
[15:25:56] <@wrbtrader> Covered Emini TF Short @ 809.70 --> + 0.4
[15:26:05] <@wrbtrader> sideline...will watch awhile
[15:26:14] <@wrbtrader> early exit
[15:26:23] <@wrbtrader> got lost in the woods on that short
[15:31:07] <+werner> Long Emini NQ @ 2651.00
[15:33:58] <+T4n_paper> Shorts TF @ 809.9 -> small size «« sim »»
[15:36:21] <+werner> Exited all Emini NQ Long @ 2653.00 --> + 2
[15:37:45] <+T4n_paper> Covered TF Short @ 810.2 --> - 0.3 «« sim »»
[15:39:35] <@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
[15:39:38] <+T4n_paper> bad day
[15:40:14] <+canaandog> imo, today's price action stank
[15:49:28] <+T4n_paper> Long TF @ 809.7 -> small size «« sim »»
[15:53:17] <+T4n_paper> Exited TF Long @ 810.1 --> + 0.4 «« sim »»
[15:54:54] <+T4n_paper> Long TF @ 810.2 -> medium size «« sim »»
[15:57:01] <+T4n_paper> Exited TF Long @ 810.6 --> + 0.4 «« sim »»
[15:57:18] <+werner> gn all
[15:57:49] <+T4n_paper> tc
[15:58:09] <+werner> :)
[15:59:26] <@wrbtrader> Long Emini TF @ 810.80 -> medium size
[15:59:43] <+T4n_paper> dang i wanted some of that
[15:59:46] <@wrbtrader> 3+1
[16:00:15] <@wrbtrader> There has been nice continuations AFTER 4pm est...
[16:00:28] <@wrbtrader> Exited all Emini TF Long @ 811.60 --> + 0.8
[16:00:37] <@wrbtrader> WRB pt1 reached
[16:00:59] <@wrbtrader> You can still catch some of the movement.
[16:01:29] <+T4n_paper> i think i'm done
[16:01:37] <+T4n_paper> take care
[16:03:56] <@wrbtrader> that trade was intuition
[16:04:04] <@wrbtrader> Take care all and see all tomorrow
[16:04:16] <@wrbtrader> gotta get the kids from school
[17:09:35] <@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
[18:54:36] <@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: Wed Oct 24 19:06:12 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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