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 Post subject: November 14th Wednesday - Futures, Forex, Stocks and ETFs
 Post Posted: Wed Nov 14, 2012 9:05 pm 
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Joined: Tue Dec 16, 2008 1:02 am
Posts: 2741
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:
111412-Key-Price-Action-Markets.png
111412-Key-Price-Action-Markets.png [ 541.16 KiB | Viewed 134 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 Nov 14 06:44:20 2012
Session Ident: #TheStrategyLab
[06:44:20] * Now talking in #TheStrategyLab
[06:44:20] * 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.'
[06:44:20] * Set by X on Mon Nov 12 05:14:02
[07:12:52] <@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
[08:15:45] <@wrbtrader> Germany resists ECB push for control over all eurozone banks (RT) @ http://rt.com/business/news/germany-ecb ... nking-663/
[08:21:42] <@wrbtrader> Key Market Events (KME) @ 0830am, 1000am, 1400pm and 2045pm est
[08:26:12] <@wrbtrader> early volatility increases PRIOR to the 0830am est key market event
[08:29:46] <Tigerman> good morning all
[08:42:52] <@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
[08:54:33] <@wrbtrader> Shorts Emini TF @ 788.30 -> small size
[08:54:44] <@wrbtrader> 1+1
[09:01:53] <+Tigerman> Shorts Light Crude Oil CL @ 85.09
[09:02:17] <+Tigerman> Covered all Light Crude Oil CL Short @ 84.97 --> + 0.12
[09:03:00] <+Tigerman> CL in creepy down move
[09:09:53] <+Tigerman> wrbtrader your trade on TF seems have a longer time
[09:10:18] <+Tigerman> when price not move fast in my direction I became very nervous
[09:10:59] <@wrbtrader> Covered all Emini TF Short @ 789.10 --> - 0.8
[09:11:13] <@wrbtrader> [09:09:53] <+Tigerman> wrbtrader your trade on TF seems have a longer time
[09:11:22] <@wrbtrader> That doesn't make sense
[09:11:31] <@wrbtrader> its the pre market
[09:11:41] <@wrbtrader> Its NOT the normal regular session
[09:12:22] <+Tigerman> what doesn t make sense?
[09:12:38] <@wrbtrader> You're confused about the time of day.
[09:12:47] <@wrbtrader> Its the pre market still...everything is slow.
[09:12:57] <+Tigerman> ahhhh
[09:12:59] <@wrbtrader> It's NOT the regular trading session
[09:13:19] <@wrbtrader> Regular session starts @ 0930am est
[09:14:05] <@wrbtrader> volatility is very LOW and slow developing in the pre market
[09:14:18] <@wrbtrader> unless there's an "unusual" key market event
[09:14:21] <+Tigerman> what I mean is that if price not move fast in one direction I no have patience to wait
[09:14:44] <@wrbtrader> Ok...I recommend then for you NOT to trade the pre- market...
[09:14:49] <@wrbtrader> Its too slow for you.
[09:15:08] <+Tigerman> sometimes spike surge for nowhere so I m always alerted
[09:15:41] <+Tigerman> the slow not give me problem itself
[09:16:09] <+Tigerman> it is the fear after a long chop give me a loss as premium :)
[09:16:21] <@wrbtrader> Ok but there was NO chop
[09:16:55] <+Tigerman> whar exactly is chop x your definition?
[09:17:33] <@wrbtrader> Chop = WRB retracing each other with very few intervals between the WRBs
[09:18:23] <+Tigerman> ok
[09:18:24] <@wrbtrader> example...back to back WRBs retracing each other...one UP and the next one DOWN
[09:18:27] <@wrbtrader> That's chop
[09:19:00] <+Tigerman> instead previous price action involve your trade?
[09:19:14] <@wrbtrader> There was NO chop
[09:19:22] <+Tigerman> I mean price retrace up after your entry
[09:19:50] <@wrbtrader> There was NO chop
[09:19:56] <+Tigerman> then go down again ...then up again and you exited
[09:20:15] <@wrbtrader> I exited because of a stop out (stop hit)
[09:20:27] <+Tigerman> price stay inside a previous wrb hg
[09:20:39] <@wrbtrader> I did not exit because of being nervous or impatient.
[09:20:50] <@wrbtrader> Just a normal looking stop out
[09:22:06] <@wrbtrader> Its very RARE for me to see CHOP in the pre market
[09:22:35] <@wrbtrader> It's been a few months since I've seen CHOP in the pre market.
[09:22:53] <@wrbtrader> Most of the price action in the pre market is just low volatility slow moving price action
[09:23:24] <@wrbtrader> Just wait until the 0930am est regular session open...
[09:23:35] <@wrbtrader> You'll see classic CHOP
[09:23:37] <@wrbtrader> :)
[09:24:19] <+Tigerman> ok I wait .... btw that chop I ate it too :)
[09:24:51] <@wrbtrader> You'll see that very active price price action with WRBs retracing each other "very fast" = CHOP
[09:25:07] <@wrbtrader> unless a trend develops
[09:33:07] <@wrbtrader> WRB just retraced another WRB = CHOP
[09:33:38] <@wrbtrader> hopefully it'll open up soon
[09:34:14] <+Tigerman> thanks to clear it
[09:35:21] <+Tigerman> Long Light Crude Oil CL @ 86.02
[09:36:43] <+Tigerman> Exited all Light Crude Oil CL Long @ 85.99 --> - 0.03
[09:37:52] <@wrbtrader> price action having A LOT of problems...
[09:37:55] <@wrbtrader> It seems lost
[09:39:05] <+Tigerman> yep better stay aside
[09:40:03] <@wrbtrader> It'll open up when we get close to the next key market event (1000am est)
[09:40:23] <@wrbtrader> If not...it's going to be a long trading day (not fun)
[09:44:19] <@wrbtrader> Anyone see the recent videos of the "Ghost Cities" in China that's causing a big negative impact on China's economy...
[09:44:43] <@wrbtrader> It's expected to impact the world's economy (including the U.S.) by up to 3%
[09:44:45] <@wrbtrader> geeehs
[09:44:50] <@wrbtrader> geeesh...crazy
[09:45:44] <@wrbtrader> One particular city should have million people and only has 22,000 folks living in it.
[09:46:26] <@wrbtrader> roads are empty, skyscrapers are empty...well known stores have moved out (nobody there to buy anymore)
[09:46:32] <+Tigerman> yeah good x skater urban rider
[09:46:58] <@wrbtrader> 800k condos now with asking price of 15k
[09:47:02] <@wrbtrader> crazy
[09:47:08] <+Tigerman> also x movie director
[09:47:13] <@wrbtrader> I should buy one :)
[09:47:48] <+Tigerman> yeah good if you are on nirvana path and no need food :)
[09:48:02] <@wrbtrader> I'll keep saying...folks are upset about the world's economy now...
[09:48:13] <+Tigerman> simply china house bubble is going to burts
[09:48:15] <@wrbtrader> We ain't see the worst yet. It's going to get bad...very bad.
[09:48:56] <+Tigerman> the reason is simply few are VERY reach
[09:49:10] <+Tigerman> emh rich
[09:49:48] <@wrbtrader> China's economic problem (growing) has already impact Canada and U.S by 1%
[09:50:08] <+Tigerman> money is not well spread betweeb people
[09:50:26] <@wrbtrader> doesn't seem a lot at first but the million dollar condos in Vancover Canada are now 1/2 price
[09:50:39] <@wrbtrader> most had been purchased by folks from China
[09:50:57] <+Tigerman> oh rich people
[09:51:00] <@wrbtrader> There's also a few U.S. sports teams owned by the Chinese
[09:51:28] <@wrbtrader> lots of businesses and properties own by China's rich
[09:52:12] <@wrbtrader> volatility increasing now...price action opening up
[09:52:17] <+Tigerman> the problem is how they became rich
[09:52:27] <@wrbtrader> getting closer to 1000am est
[09:52:57] <+Tigerman> not with democratic rule :)
[09:55:41] <+Tigerman> Shorts Emini TF @ 787
[09:57:25] <+Tigerman> Covered all Emini TF Short @ 786. --> + 1
[10:04:38] <@wrbtrader> Shorts Light Crude Oil CL @ 85.67 -> medium size
[10:04:52] <@wrbtrader> 4 contracts
[10:05:54] <+Fleneer> good morning
[10:07:24] <@wrbtrader> Covered all Light Crude Oil CL Short @ 85.81 --> - 0.14
[10:08:04] <@wrbtrader> Long Light Crude Oil CL @ 85.94 -> large size
[10:08:18] <@wrbtrader> 6 contracts
[10:09:25] <@wrbtrader> WRB pt1 reached
[10:11:10] <@wrbtrader> geeesh
[10:11:12] <canaandog> wow
[10:11:25] <@wrbtrader> WRB pt2 reached
[10:11:42] <@wrbtrader> Exited all Light Crude Oil CL Long @ 86.99 --> + 1.05
[10:12:02] <+Tigerman> I almost wanna enter long in oil before :)
[10:12:09] <@wrbtrader> lucky hold beyond the WRB pt1 level
[10:12:30] <@wrbtrader> There was so much volatility when it hit WRB pt1...
[10:12:46] <+Tigerman> I cant escpe from firefox in my pc :(
[10:12:47] <@wrbtrader> I decided to let it ride to see if it could reach a WRB pt2
[10:13:28] <+Tigerman> I escped :)
[10:13:38] <Sennn> very nice trade :)
[10:14:21] <@wrbtrader> Other key markets barely moved while Oil futures exploded...
[10:14:22] <@wrbtrader> Odd
[10:21:42] <+Sennn> Shorts Emini ES @ 786.2
[10:22:28] <+Sennn> Covered all Emini ES Short @ 784.6 --> + 1.6
[10:22:33] <+Tigerman> Shorts Emini TF @ 786.5
[10:22:36] <+Sennn> TF is the correct symbol
[10:23:10] <@wrbtrader> Long Light Crude Oil CL @ 86.68 -> small size
[10:23:28] <@wrbtrader> 2 contracts
[10:24:06] <+Tigerman> Covered all Emini TF Short @ 784.9 --> + 1.6
[10:24:43] <+Tigerman> Long Emini TF @ 86.69
[10:24:52] <+Tigerman> it is CL
[10:25:14] <@wrbtrader> Exited all Light Crude Oil CL Long @ 86.81 --> + 0.13
[10:25:22] <@wrbtrader> WRB pt1 reached
[10:26:15] <+Tigerman> Exited all Emini TF Long @ 86.79 --> + 0.1
[10:27:53] <@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
[11:26:12] <@wrbtrader> Check out this guys "At Home Basement" trading office...
[11:26:18] <@wrbtrader> Tom Grisafi on BBC: When Markets Go Mad (Youtube) @ http://www.youtube.com/watch?v=KqoM3ktuAf4
[11:29:25] <@wrbtrader> Some folks wonder why I have one of my monitors dedicated to Twitter feeds and Stocktwits feeds...
[11:29:31] <@wrbtrader> Don't underestimate the power of twitter being used by "professional traders" (Youtube) @ http://www.youtube.com/watch?v=wWfED9Etn24
[11:30:09] <@wrbtrader> As a retail trader...I want to know what some of the "professional traders" are talking about.
[11:30:40] <@wrbtrader> Simply, its a real time market news feed.
[11:31:16] <@wrbtrader> I see stuff hit twitter and stocktwits up to 15 minutes before it hits most data vendors news feeds
[11:31:40] <@wrbtrader> Its just a tool...use it wisely.
[11:37:40] <+Tigerman> wrbtrader great video!!
[11:37:48] <+Tigerman> dream x all retail trader
[11:57:53] <@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
[12:02:31] <@wrbtrader> Alert: President Obama will talk @ 1:30pm est
[12:02:45] <@wrbtrader> Fiscal Cliff will be one of the topics
[12:27:25] <@wrbtrader> If you're going to use twitter as a news feed...I highly recommend using a software called TweetDeck (I use it heavily for trading and personal) @ http://www.tweetdeck.com/
[12:59:09] <@wrbtrader> Reminder: Both the Oil CL Z2 contract and F3 contract are active
[13:01:14] <+canaandog> dumb question: where can I find a table of when new contract months go active? Quick search not successful.
[13:01:51] <@wrbtrader> Your broker, exchange or data vendor has that information
[13:02:24] <@wrbtrader> My broker emails me whenever a contract rollover has occurred.
[13:02:46] <@wrbtrader> My data vendor has some sort'uv notice
[13:03:04] <@wrbtrader> Exchange website has a list of contract rollovers
[13:03:33] <@wrbtrader> Next, just pull up a chart of both contracts and watch the volume switch
[13:04:43] <@wrbtrader> By the way, that big Oil CL futures volatility spike was due to "Israeli air strike kills Hamas military chief Jabari" (BBC News) @ http://www.bbc.co.uk/news/world-middle-east-20328579
[13:05:43] <+canaandog> k thx
[13:08:59] <@wrbtrader> Volume of Oil CL F3 contract is about 1/2 of the Z2 contract
[13:09:21] <@wrbtrader> It'll begin changing (switching) tomorrow
[13:10:49] <@wrbtrader> Emini TF futures in a Creeper Down Movement
[13:21:58] <@wrbtrader> Today has been primarily controlled by "key market events"...
[13:22:25] <@wrbtrader> We have another one here soon 1:30pm est via the Pres. Obama news conference
[13:30:56] <@wrbtrader> Shorts Emini TF @ 778.80 -> small size
[13:31:03] <@wrbtrader> 2 contracts
[13:34:31] <@wrbtrader> Pentago should start a "dating website for employees"
[13:34:35] <@wrbtrader> :)
[13:36:29] <@wrbtrader> Covered all Emini TF Short @ 779.00 --> - 0.2
[13:38:35] <@wrbtrader> Shorts Emini TF @ 779.70 -> small size
[13:38:43] <@wrbtrader> re-entry
[13:38:49] <@wrbtrader> 2 contracts
[13:39:25] <@wrbtrader> long upper shadow after a retest of a prior WRB Zone
[13:39:41] <@wrbtrader> intuition trade in reaction to that price action
[13:42:54] <@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
[13:44:12] <@wrbtrader> WRB pt1 reached
[13:44:38] <@wrbtrader> Covered all Emini TF Short @ 778.90 --> + 0.8
[13:53:26] <@wrbtrader> all key markets are insync via volatility contraction :(
[13:58:27] <@wrbtrader> Long Light Crude Oil CL @ 86.79 -> small size
[13:58:39] <@wrbtrader> 2 contracts
[14:01:44] <@wrbtrader> Exited all Light Crude Oil CL Long @ 87.03 --> + 0.24
[14:01:48] <@wrbtrader> WRB pt1 reached
[14:05:22] <@wrbtrader> Huge volatility spike in EuroFX 6E futures
[14:05:53] <@wrbtrader> I was hoping that Oil CL futures or Emini TF futures with EuroFX 6E would remain insync
[14:06:12] <@wrbtrader> only EuroFX 6E futures still keeping the gains of its volatility spike
[15:12:54] <@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
[15:20:32] <@wrbtrader> Shorts Emini TF @ 772.20 -> small size
[15:20:46] <@wrbtrader> 1+1
[15:21:18] <@wrbtrader> just got back from a break in trading...
[15:21:38] <@wrbtrader> nice looking Creeper Down Movement that I seemed to miss most of it :(
[15:25:48] <@wrbtrader> Covered all Emini TF Short @ 772.60 --> - 0.4
[15:28:59] <@wrbtrader> Emini TF just retraced the most recent WRB Hidden GAP...
[15:29:11] <@wrbtrader> now a few ticks above the R area
[15:29:29] <@wrbtrader> If it pulls back...I'll re-enter my Short
[15:34:03] <@wrbtrader> Shorts Emini TF @ 773.40 -> small size
[15:34:12] <@wrbtrader> 1 contract
[15:35:01] <@wrbtrader> Shorts Emini TF @ 773.50 -> Add
[15:35:12] <@wrbtrader> 2 added
[15:35:24] <@wrbtrader> re-entry
[15:38:08] <@wrbtrader> tighten stop loss
[15:40:51] <@wrbtrader> Covered all Emini TF Short @ 772.30 --> + 2.3
[15:41:01] <@wrbtrader> WRB pt1 reached
[15:43:14] <@wrbtrader> Take care and see all tomorrow
[15:43:54] * wrbtrader is now known as wrbtrader_away
[16:17:41] <+Tigerman> Take care and see all tomorrow
[16:42:55] <@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
Session Close: Wed Nov 14 20:09:15 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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