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 Post subject: November 30th Friday - Futures, Forex, Stocks and ETFs
 Post Posted: Fri Nov 30, 2012 10:21 pm 
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Joined: Tue Dec 16, 2008 1:02 am
Posts: 2213
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, experience, part-time, full-time) 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 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:
113012-Key-Price-Action-Markets.png
113012-Key-Price-Action-Markets.png [ 544.13 KiB | Viewed 115 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 Nov 30 06:34:23 2012
Session Ident: #TheStrategyLab
[06:34:23] * Now talking in #TheStrategyLab
[06:34:23] * 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.'
[06:34:23] * Set by X on Mon Nov 12 05:14:02
[08:16:53] <@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
[09:23:38] <@wrbtrader> very quiet this morning in here...folks must be still in bed :)
[09:24:10] <@wrbtrader> Good morning all...just got back from the morning excercise
[09:24:24] <wave1> gm N
[09:26:52] <+Trend> gm all
[09:30:35] <+Trend> Shorts Emini TF @ 823.1
[09:30:36] <+Trend> x1
[09:33:30] <@wrbtrader> Gold GC futures low volatility tight trading range
[09:34:36] <@wrbtrader> SPY in a wedge while Emini ES futures in a Creeper Down Movement
[09:35:04] <@wrbtrader> Emini ES had been declining since 6:45am est
[09:35:54] <+Trend> Covered all Emini TF Short @ 822.1 --> + 1
[09:37:02] <@wrbtrader> Key Market Events @ 0945am and 1700pm est
[09:40:06] <+Fleneer> good morning traders
[09:40:13] <@wrbtrader> Price action in all key markets obviously waiting for the 0945am est key market event to stir up the hornet nest
[09:41:24] <+Fleneer> yes Chicago PMI at 9:45
[09:42:17] <+Fleneer> forcast 50.7 previous 49.9
[09:43:31] <wiseguy7600_> for clients those numbers are released 9.43
[09:43:43] <+wiseguy7600_> they have already been released
[09:44:35] <@wrbtrader> in about 1 minute...everybody will have access to the info
[09:44:45] <+wiseguy7600_> clients=subscribers
[09:45:52] <@wrbtrader> Reminder - today is the last trading day of the month
[09:46:54] <@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
[09:49:17] <@wrbtrader> this low volatility contraction can't last much longer
[09:49:31] <@wrbtrader> Its RARE to see it last to 1000am est
[09:49:54] <@wrbtrader> I've think I've only seen such last until 1000am est 2 - 3 times this year
[09:56:10] <@wrbtrader> Long Emini TF @ 822.50 -> small size
[09:56:16] <@wrbtrader> 3 contracts
[09:56:46] <@wrbtrader> by the way, we're still STUCK inside the low volatility range of yesterday's price action
[09:57:04] <@wrbtrader> Not a good way to start off the regular trading session for today
[09:57:38] <@wrbtrader> Therefore, I'm dramatically lowering my profit goals for today
[09:58:17] <@wrbtrader> from $1500 down to $500
[09:59:37] <@wrbtrader> Exited all Emini TF Long @ 822.20 --> - 0.3
[10:00:02] <canaandog> did all the gold traders croak or go on holiday? GC very anemic last two days
[10:00:15] <@wrbtrader> Yeah...was wondering the same thing too
[10:00:49] <@wrbtrader> Long Emini TF @ 822.10 -> small size
[10:00:57] <@wrbtrader> 2+1
[10:01:02] <@wrbtrader> re-entry
[10:01:05] <@wrbtrader> same price action
[10:01:36] <@wrbtrader> EuroFX 6E futures and Forex Eur/Usd moving on increasing volatility
[10:02:05] <@wrbtrader> Market waited until 1000am est to show its first WRB Hidden GAP :)
[10:02:53] <@wrbtrader> Oil CL futures still in a Creeper Up Movement since 0850am est
[10:04:42] <@wrbtrader> Exited all Emini TF Long @ 822.50 --> + 0.4
[10:04:59] <+canaandog> action does not inspire confidence
[10:05:11] <@wrbtrader> resulted in a churn the two trades after the trail pick pocketed :(
[10:06:24] <@wrbtrader> Long Emini TF @ 822.50 -> medium size
[10:06:36] <@wrbtrader> 4 contracts
[10:06:41] <@wrbtrader> re-entry
[10:07:09] <@wrbtrader> increasing volatility taking prices down :(
[10:07:50] <@wrbtrader> Emini TF futures still having problems increasing its own volatilty
[10:08:58] <@wrbtrader> Exited all Emini TF Long @ 821.70 --> - 0.8
[10:09:29] <@wrbtrader> key markets no longer insync
[10:09:44] <@wrbtrader> volatility spike in some while other not
[10:12:07] <@wrbtrader> Shorts Emini TF @ 820.90 -> medium size
[10:12:18] <@wrbtrader> 2+2
[10:13:05] <@wrbtrader> Emini TF in a Creeper Down Movement on the all session while still stuck in that low volatility tight trading range of yesterday via the regular session chart
[10:13:06] <@wrbtrader> :(
[10:13:57] <@wrbtrader> Usually I've had about 2 - 3 Oil CL futures trades by now...
[10:14:26] <db887> l es 1450
[10:14:50] <@wrbtrader> Covered all Emini TF Short @ 821.80 --> - 0.9
[10:15:20] <+canaandog> starting to look like a good day to do something else :(
[10:15:28] <@wrbtrader> :)
[10:15:49] <@wrbtrader> It'll open up big...
[10:16:07] <@wrbtrader> I've never seen it not do such on the last trading day of any month
[10:16:11] <T4n_paper> if i get a few good ones, i'll quit
[10:18:15] <+T4n_paper> cl is trying
[10:20:35] <+db887> cl es 1575
[10:23:16] <@wrbtrader> Long Emini TF @ 822.00 -> medium size
[10:23:27] <+T4n_paper> Long Emini TF @ 822.2 -> small size «« sim »»
[10:23:30] <@wrbtrader> 4 contracts
[10:24:16] <+T4n_paper> oil could help
[10:24:56] <@wrbtrader> Last time I said that a few trades ago...I was up 5 ticks and it suddenly reversed on me :(
[10:25:04] <@wrbtrader> "oil could help"
[10:25:13] <+T4n_paper> :(
[10:25:20] <@wrbtrader> knock on wood
[10:25:27] <@wrbtrader> we're safe now :)
[10:26:46] <+T4n_paper> maybe
[10:28:00] <@wrbtrader> EuroFX 6E futures lost its volatility
[10:28:14] <+T4n_paper> Exited Emini TF Long @ 821.6 --> - 0.6 «« sim »»
[10:28:53] <+T4n_paper> vol died and rolled over
[10:29:37] <@wrbtrader> chop showing up via long shadows
[10:31:31] <+T4n_paper> Shorts Emini TF @ 821.9 -> medium size «« sim »»
[10:33:30] <+T4n_paper> drying up
[10:35:03] <+T4n_paper> Covered Emini TF Short @ 821.6 --> + 0.3 «« sim »»
[10:35:55] <+T4n_paper> early e
[10:37:56] <@wrbtrader> Reminder - Pres. Obama speaks this morning to the Republicans again about the "Fiscal Cliff"...
[10:38:03] <@wrbtrader> Yet, I don't know what time that will be.
[10:42:14] <+T4n_paper> cl parted ways for sure
[10:42:46] <@wrbtrader> Yeah...it started doing that yesterday
[10:42:58] <@wrbtrader> I've seen such before many times towards the end of the month
[10:43:30] <@wrbtrader> Most key markets start doing their own thing...adding to the weird trading conditions at the end of each month
[10:43:42] <@wrbtrader> Worst is the end of the quarter
[10:43:53] <@wrbtrader> Markets are LES insync
[10:44:03] <@wrbtrader> LES = LESS
[10:46:35] <@wrbtrader> Look at it this way, if Oil CL futures and EuroFX 6E futures were doing bad...
[10:46:56] <@wrbtrader> Emini Futures would be down A LOT instead of stuck in this low volatility tight trading range
[10:47:30] <+T4n_paper> yeah
[10:47:46] <+T4n_paper> i just wanted a few good hits, then stop for the day
[10:47:50] <@wrbtrader> Eventually some time today they'll get insync and move strongly together...
[10:47:54] <+T4n_paper> now i'm stuck waiting, ho hum
[10:48:14] <@wrbtrader> Hopefully I haven't called it quits for the day when that happens or on my typical break from trading to rest
[10:49:31] <@wrbtrader> Exited all Emini TF Long @ 820.60 --> - 1.4
[10:49:47] <@wrbtrader> increasing volatility...key markets now insycn
[10:53:19] <@wrbtrader> I wonder if Pres. Obama is speaking now but my realtime news source has nothing
[10:54:08] <+canaandog> I was kind of hoping it would be an extremely short speech :)
[10:55:40] <@wrbtrader> Shorts Emini TF @ 820.30 -> large size
[10:55:44] <@wrbtrader> 5+4
[10:55:48] <+Fleneer> traded my way into the red this morning. Can't win them all
[10:56:25] <@wrbtrader> I saw prior the open and said its going to be a "tough trading day"...
[10:56:34] <@wrbtrader> That's exactly what I've gotten so far :(
[10:56:51] <@wrbtrader> Heck, even with a crystal ball...I couldn't avoid losses :)
[10:59:39] <+Fleneer> I don't have a crystal ball any longer.
[10:59:53] <+Fleneer> I smashed the lieing thing
[11:02:33] <@wrbtrader> I'm days like today I will intentionally hold on to trades LONGER than my usual...
[11:02:41] <@wrbtrader> So far, it hasn't paid off today
[11:03:49] <@wrbtrader> Trading Oil CL futures on days like today when the volatility in Emini TF is weird has payed off nicely this month.
[11:04:07] <@wrbtrader> In contrast, Oil CL futures itself has poor volatility too :(
[11:04:23] <@wrbtrader> reason why I haven't switch to Oil CL futures so far today
[11:07:07] <@wrbtrader> now it looks like a WRB pt1 (shallow) will show up :(
[11:07:14] <@wrbtrader> not worth the effort
[11:08:59] <+T4n_paper> break time...
[11:09:05] <+T4n_paper> looks like i gotta trade all day
[11:10:52] <@wrbtrader> good time for an early lunch
[11:13:24] <@wrbtrader> some markets in a volatility spike while others are not...
[11:16:29] <@wrbtrader> geeesh
[11:16:42] <@wrbtrader> WRB pt1 (shallow)
[11:17:14] <@wrbtrader> will try for a few more ticks beyond the WRB pt1 that just showed up
[11:17:54] <@wrbtrader> increasing volatility now in the Emini futures...
[11:18:35] <@wrbtrader> It was the lagger when the volatility spike was occuring in Euro and Oil futures
[11:20:44] <@wrbtrader> Covered all Emini TF Short @ 818.10 --> + 2.2
[11:20:48] <@wrbtrader> caught a WRB pt2
[11:21:47] <@wrbtrader> I almost did an "early exit" when it was only +0.30 just to go to lunch
[11:22:50] <@wrbtrader> started losing my patience until I saw the volatility spike in EuroFX 6E futures and Oil CL futures that took their prices upwards...
[11:23:08] <@wrbtrader> Yet, at that time there's was a "no reaction" in the Emini Futures.
[11:23:46] <wave1> vn N
[11:23:58] <+wave1> juot backst g
[11:24:06] <+wave1> just got back
[11:24:19] <+wave1> geez low vol
[11:31:54] <@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
[12:10:05] <MrStock> ?
[12:55:55] <@wrbtrader> Just got back from lunch
[12:56:02] <@wrbtrader> looks like the market is still at lunch
[12:56:46] <@wrbtrader> Price action still stuck inside the price range of yesterday's low volatility trading range
[12:56:52] <+MrStock> yes
[12:56:57] <@wrbtrader> Yuck :(
[12:57:25] <+MrStock> noisey
[12:58:19] <@wrbtrader> I have now set my audio alerts on "yesterday's high and low"...
[12:58:40] <@wrbtrader> I'm not going to sit here and watch this price action stay in a low volatility trading range.
[12:59:09] <@wrbtrader> Will be back later if/when my audio alerts sound gets trigger.
[13:01:55] <@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
[13:09:18] * elek is now known as phantomtrader
[13:10:31] <phantomtrader> yoo
[13:59:36] <@wrbtrader> Oil CL futures volatility slowly increasing
[14:00:29] <@wrbtrader> Emini TF futures still declining in its volatility
[14:00:55] <@wrbtrader> Gold GC futures is just dead in the water
[14:01:22] <@wrbtrader> same with Emini ES futures
[14:01:42] <@wrbtrader> Not sure if I can hang around any longer...
[14:02:15] <@wrbtrader> Still have my audio alerts set on the high and lows of yesterday's low volatility tight trading range that today's price action is STUCK inside
[14:06:09] <+canaandog> wierd: CL up, HO down
[14:07:27] <@wrbtrader> Long Light Crude Oil CL @ 88.82 -> small size
[14:07:41] <@wrbtrader> 2 contracts
[14:07:49] <@wrbtrader> volatility increasing
[14:08:04] <@wrbtrader> WRB pt1 (shallow) reached
[14:08:14] <@wrbtrader> trailing @ profit
[14:09:13] <@wrbtrader> Exited all Light Crude Oil CL Long @ 88.92 --> + 0.1
[14:13:17] <@wrbtrader> was hoping the Emini futures would also have a volatility spike that moved prices down or up after the Oil CL futures volatility spike
[14:13:21] <@wrbtrader> didn't happen
[14:14:25] <@wrbtrader> Yet, key markets have been not insync most of the trading day so far...as in each doing their own volatility increases regardless what the others were doing
[14:45:14] <+T4n_paper> Shorts Emini TF @ 820.1 -> large size «« sim »»
[14:46:55] <@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
[14:49:52] <+T4n_paper> Covered Emini TF Short @ 819.9 --> + 0.2 «« sim »»
[14:51:48] <+Fleneer> kinda flat here. trying to close my day green. DOW off 20
[14:52:45] <+T4n_paper> i cant ever sit into profitable trades... sucks
[14:53:31] <+T4n_paper> reached my pt too
[14:54:16] <+Fleneer> long 2672.00
[14:59:44] <+Fleneer> need some buyers here
[15:07:48] <+Fleneer> -1.50 stoppede out 2670.50
[15:31:17] <@wrbtrader> I'm done for the day to conclude November's trading.
[15:31:31] <@wrbtrader> Take care all and see all on Monday in December :)
[15:31:40] * wrbtrader is now known as wrbtrader_away
[15:55:54] <+T4n_paper> hell on earth
[15:57:47] <+MrStock> ncie ramp on ES
[16:16:56] <@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
[16:23:11] <+Fleneer> nice weekend all. CYAs Monday
[17:46:56] <@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
Session Close: Fri Nov 30 21:50:36 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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