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 Post subject: October 26th Friday - Futures, Forex, Stocks and ETFs
 Post Posted: Fri Oct 26, 2012 10:45 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 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:
102612-Key-Price-Action-Markets.png
102612-Key-Price-Action-Markets.png [ 560.81 KiB | Viewed 269 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 26 06:50:36 2012
Session Ident: #TheStrategyLab
[06:50:36] * Disconnected
[06:52:10] * Attempting to rejoin channel #TheStrategyLab
[06:52:21] * Rejoined channel #TheStrategyLab
[06:52:21] * 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.'
[06:52:21] * Set by X on Wed Oct 10 03:59:05
[07:39:41] <@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
[09:09:41] <@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
[09:19:25] <+Trendtrader> gm all
[09:20:43] <Senn> gm. Anybody knows what caused that unusual activity in emini yesterday after close?
[09:22:25] <@wrbtrader> It was news related but I didn't document the specifics of the news.
[09:22:49] <@wrbtrader> It ruined a potential swing trade (short position) for me :(
[09:23:04] <+Senn> thank you. It was quite volatile...
[09:23:23] <canaandog> might have been Apple
[09:23:53] <+canaandog> I don't know exactly when they released but it was big news
[09:26:03] <@wrbtrader> I was expecting the NEWS to hit BEFORE the close around 3:45pm est...
[09:26:19] <@wrbtrader> Yet, the late reaction is what caught me off guard.
[09:26:50] <@wrbtrader> That late reaction made me think there was "another" news event I didn't know about.
[09:27:11] <@wrbtrader> I knew AMZN and AAPL were reporting results
[09:27:54] <@wrbtrader> In my opinion, earnings season is a great time to swing trade.
[09:29:40] <@wrbtrader> Ding Ding Ding
[09:29:59] <+Trendtrader> Long Emini TF @ 814.2
[09:30:00] <+Trendtrader> x2
[09:31:19] <@wrbtrader> Shorts Emini TF @ 814.10 -> large size
[09:31:43] <@wrbtrader> 9 contracts
[09:32:22] <+Trendtrader> Exited 1/2 Emini TF Long @ 815.1 --> + 0.9
[09:32:29] <+Trendtrader> Exited Remainder Emini TF Long @ 814.2 --> 0
[09:33:21] <@wrbtrader> Covered all Emini TF Short @ 814.20 --> - 0.1
[09:33:34] <@wrbtrader> If it hasn't moved by now...
[09:33:43] <@wrbtrader> It won't move...looks like just chop so far
[09:35:59] <+Senn> ES is in the 1406 area that was trading the whole afternoon yesterday
[09:38:13] <@wrbtrader> similar late AFTER the close movement like yesterday
[09:38:26] <@wrbtrader> No trade signals to get Long
[09:38:39] <+canaandog> annoying
[09:39:03] <@wrbtrader> Lets just hope that when a trade signl does show up...its not far gone
[09:39:47] <@wrbtrader> Pending 0955am est key market event
[09:41:14] <+Trendtrader> agreed. I was out too early and no signal to get back in. :(
[09:57:07] <@wrbtrader> Shorts Emini TF @ 813.50 -> large size
[09:57:18] <@wrbtrader> 6 contracts
[09:57:41] <@wrbtrader> actually a re-entry into the same price action of yesterday's Short position
[09:58:35] <@wrbtrader> geeesh
[09:59:13] <werner> gm all
[10:01:32] <+Fleneer> well volatiltiy got me in the red to start the day and got me back to net BE now. I'm done. Gonna walk away while still have green week
[10:01:47] <@wrbtrader> Covered all Emini TF Short @ 810.50 --> + 3
[10:01:50] <@wrbtrader> WRB pt1 reached
[10:01:58] <+Fleneer> It is, you know, Pickpocket Friday
[10:02:27] <@wrbtrader> WRB pt1 level was @ 811.50
[10:02:45] <@wrbtrader> I stayed in a little longer due to the increasing volatility and greed
[10:05:27] <@wrbtrader> Long Emini TF @ 811.90 -> small size
[10:05:37] <@wrbtrader> 1+1
[10:06:53] <@wrbtrader> Exited all Emini TF Long @ 812.00 --> + 0.1
[10:07:12] <@wrbtrader> Long Emini TF @ 811.80 -> small size
[10:07:20] <@wrbtrader> re-entry
[10:07:24] <@wrbtrader> prior a pick pocket
[10:07:35] <@wrbtrader> 2 contracts
[10:09:53] <@wrbtrader> Exited all Emini TF Long @ 811.80 --> 0
[10:10:06] <@wrbtrader> pick pocketed again :(
[10:12:09] <@wrbtrader> volatility not good but at least key markets are insync
[10:12:50] <@wrbtrader> Long Emini TF @ 812.50 -> small size
[10:13:01] <@wrbtrader> re-entry
[10:13:06] <@wrbtrader> 3 contracts
[10:13:15] <@wrbtrader> poor entry too
[10:15:10] <@wrbtrader> Exited all Emini TF Long @ 813.70 --> + 1.2
[10:30:18] <@wrbtrader> Shorts Emini TF @ 810.40 -> small size
[10:30:25] <@wrbtrader> 2 contracts
[10:30:56] <@wrbtrader> Covered all Emini TF Short @ 811.10 --> - 0.7
[10:31:10] <@wrbtrader> should'uv waited for a better entry on that one
[10:31:45] <@wrbtrader> Shorts Emini TF @ 811.10 -> small size
[10:31:51] <@wrbtrader> 2 contracts
[10:31:54] <@wrbtrader> re-entry
[10:35:00] <@wrbtrader> Covered all Emini TF Short @ 810.50 --> + 0.6
[10:35:37] <@wrbtrader> Had other key markets on my side and then they suddenly went against me...ruining my trade management on the trade
[10:46:46] <@wrbtrader> SPY creeper down movement
[10:47:18] <@wrbtrader> Shorts Emini TF @ 809.80 -> small size
[10:47:28] <@wrbtrader> 3 contracts
[10:49:46] <@wrbtrader> Covered all Emini TF Short @ 809.20 --> + 0.6
[10:49:56] <@wrbtrader> early exit
[10:50:19] <@wrbtrader> :(
[10:50:35] <@wrbtrader> didn't have the patience to see that trade to its target
[10:50:45] <@wrbtrader> take a break...sidelined
[10:54:42] <@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
[11:57:17] <T4n_paper> ss 807.6
[12:00:39] <+T4n_paper> Shorts TF @ 807.6 -> small size «« sim »»
[12:00:44] <+T4n_paper> Covered TF Short @ 805.8 --> + 1.8 «« sim »»
[12:33:36] <@wrbtrader> Shorts Emini TF @ 805.30 -> small size
[12:33:46] <@wrbtrader> Creeper Down Movement still active
[12:33:50] <@wrbtrader> 1 contract
[12:34:47] <@wrbtrader> Covered Emini TF Short @ 805.20 --> + 0.1
[12:35:17] <@wrbtrader> too much support via within the volatility contraction
[12:39:42] <@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
[13:44:06] <@wrbtrader> Creeper Up Movement for the Emini futures
[13:44:14] <@wrbtrader> same for Light Crude Oil CL futures
[13:47:32] <@wrbtrader> key markets still insync
[13:48:17] <@wrbtrader> Long Emini TF @ 808.90 -> small size
[13:48:34] <@wrbtrader> 1+1
[13:50:26] <@wrbtrader> testing the support of the volatility contraction
[13:50:32] <@wrbtrader> tightning stop loss
[13:51:03] <@wrbtrader> Exited all Emini TF Long @ 808.30 --> - 0.6
[13:51:41] <@wrbtrader> stop was @ 807.20 prior to tighning
[13:54:45] <@wrbtrader> Long Emini TF @ 808.50 -> small size
[13:54:54] <@wrbtrader> 2 contracts
[13:55:00] <@wrbtrader> re-entry
[13:55:22] <@wrbtrader> back above the support area of the most recent volatility contraction
[13:57:40] <@wrbtrader> EuroFX 6E futures showing a little life to the upside
[13:59:11] <@wrbtrader> retracing back into the recent volatility contraction
[13:59:31] <@wrbtrader> could turn into a "pivot zone" for later in the trading day
[14:00:14] <@wrbtrader> Exited all Emini TF Long @ 808.50 --> 0
[14:01:03] <@wrbtrader> If I can grabbed this at a lower price...will do
[14:06:40] <+T4n_paper> could settle into ugly price action if it does not break
[14:08:29] <+T4n_paper> Long TF @ 808.7 -> small size «« sim »»
[14:10:18] <+T4n_paper> Exited TF Long @ 808.4 --> - 0.3 «« sim »»
[14:12:13] <+T4n_paper> Long TF @ 808.7 -> small size «« sim »»
[14:12:56] <+T4n_paper> Exited TF Long @ 808 --> - 0.7 «« sim »»
[14:24:43] <@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
[14:45:22] <@wrbtrader> ‘Frankenstorm’ has financial centers on edge (MarketWatch) @ http://www.marketwatch.com/story/franke ... 2012-10-26
[14:53:38] <+T4n_paper> Long TF @ 810 -> small size «« sim »»
[15:02:18] <+T4n_paper> Exited TF Long @ 810.6 --> + 0.6 «« sim »»
[15:06:37] <@wrbtrader> QQQ has a WRB Hidden GAP @ 1451pm - 1454pm est
[15:18:32] <+werner> nice wk all
[15:31:05] <@wrbtrader> Long Emini TF @ 811.90 -> small size
[15:31:27] <@wrbtrader> 1 contract
[15:33:41] <@wrbtrader> I'm basically in profit protection mode
[15:34:20] <@wrbtrader> Don't want to get hit by anything -2 point trade.
[15:34:53] <@wrbtrader> That would take me below my profit goal I achieved today of 2k
[15:35:35] <+T4n_paper> what number of contracts per trade got you to 2k?
[15:37:24] <@wrbtrader> traded a total of 68 contracts today
[15:37:43] <+T4n_paper> is that above normal?
[15:38:06] <@wrbtrader> Yes and you already know why :)
[15:38:25] <+T4n_paper> I do?
[15:38:44] <@wrbtrader> Yes
[15:39:07] <@wrbtrader> Exited Emini TF Long @ 811.00 --> - 0.9
[15:39:23] <@wrbtrader> You once asked me what my goal was for any given day.
[15:40:03] <@wrbtrader> I replied that its NEVER the same...its based upon what I expect volatility to be and/or any personal appointments I have that reduces my amount of trading.
[15:40:32] <@wrbtrader> I also said my profit goal on average is about $800
[15:40:47] <+T4n_paper> i asked that years ago
[15:41:14] <@wrbtrader> Thus, I'm way above my goal which also implies I've traded more contracts or hit at least one runner on a large size position.
[15:41:27] <@wrbtrader> I didn't hit a runner today (wish I had)
[15:41:29] <@wrbtrader> :)
[15:41:56] <@wrbtrader> I came close with that +3 point trade
[15:42:16] <+T4n_paper> Shorts TF @ 810.5 -> small size «« sim »»
[15:43:23] <+T4n_paper> Covered TF Short @ 810.9 --> - 0.4 «« sim »»
[15:43:27] <@wrbtrader> been coasting ever since...reduced my overall size dramatically
[15:44:20] <+T4n_paper> Shorts TF @ 810.4 -> small size «« sim »»
[15:45:11] <@wrbtrader> If I go over 40 contracts traded in one day...
[15:45:28] <@wrbtrader> That usually implies I came out of the gate looking for a knockout.
[15:45:46] <@wrbtrader> Then I keep trading due to GREED
[15:45:52] <+T4n_paper> Covered TF Short @ 810.3 --> + 0.1 «« sim »»
[15:46:39] <@wrbtrader> After yesterday's AAPL and AMZN news events that shook up the market in the AFTER hours...
[15:46:53] <@wrbtrader> I knew we'll have some decent volatility out of the gate today.
[15:47:03] <@wrbtrader> just didn't know how long it would last
[15:47:12] <@wrbtrader> never do :(
[15:48:33] <@wrbtrader> There are NO key companies reporting today AFTER the close during "earnings season".
[15:49:04] <@wrbtrader> Should be a typical boring regular session close
[15:50:02] <+T4n_paper> well its giving some, but i'm not getting
[15:50:31] <@wrbtrader> Oil CL futures re-newed its Creeper Down Movement
[15:53:02] <@wrbtrader> Long Emini TF @ 810.30 -> small size
[15:53:13] <@wrbtrader> 2 contracts
[15:53:43] <+T4n_paper> just eod price action stuff
[15:54:26] <+T4n_paper> Long TF @ 810.8 -> small size «« sim »»
[15:54:43] <@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
[15:55:18] <+T4n_paper> Exited TF Long @ 810.4 --> - 0.4 «« sim »»
[15:56:18] <+T4n_paper> Long TF @ 810.7 -> small size «« sim »»
[15:57:22] <+T4n_paper> Exited TF Long @ 810.3 --> - 0.4 «« sim »»
[15:59:11] <+T4n_paper> Long TF @ 810.8 -> small size «« sim »»
[15:59:17] <@wrbtrader> tighten stop loss protection
[16:01:20] <@wrbtrader> Exited all Emini TF Long @ 811.30 --> + 1
[16:02:22] <@wrbtrader> not much volatility into that regular session close (as expected)
[16:02:32] <@wrbtrader> wish there were more
[16:03:36] <+T4n_paper> Exited TF Long @ 811.3 --> + 0.5 «« sim »»
[16:04:15] <+T4n_paper> i would have done better with only one trade today
[16:04:55] <@wrbtrader> I didn't get anywhere since 1050am est...basically churned since.
[16:05:04] <+T4n_paper> now it goes, sheeesh
[16:05:15] <+T4n_paper> looked dead
[16:05:33] <+T4n_paper> well i'm slightly possitive
[16:05:47] <@wrbtrader> thats good
[16:06:29] <+T4n_paper> take care
[16:07:27] <@wrbtrader> Take care too and see all on Monday
Session Close: Fri Oct 26 17:06:18 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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