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 Post subject: November 28th Wednesday - Futures, Forex, Stocks and ETFs
 Post Posted: Wed Nov 28, 2012 3:52 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, 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:
112812-Key-Price-Action-Markets.png
112812-Key-Price-Action-Markets.png [ 532.31 KiB | Viewed 254 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 28 08:09:58 2012
Session Ident: #TheStrategyLab
[08:09:58] * Now talking in #TheStrategyLab
[08:09:58] * 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.'
[08:09:58] * Set by X on Mon Nov 12 05:14:02
[08:44:46] <@wrbtrader> Good morning all
[08:45:00] <canaandog> gm
[08:58:04] <tonyc> looks like today may be a big down day
[08:59:51] <+tonyc> at least down
[09:07:03] <+tonyc> green bar here soon , then back down
[09:15:32] <wave1> gm all
[09:22:02] <+Trendtrader> gm all
[09:31:01] <@wrbtrader> Key Market Events @ 1000am, 1030am, 1215pm and 1400pm est
[09:32:02] <Tigerman3> good morning all
[09:32:09] <+Tigerman3> isp disconected me before
[09:36:03] <+wave1> S here ES/
[09:38:03] <Trend> Covered 2/3 Emini TF Short @ 800.8 --> + 1
[09:38:21] <+Trend> Covered Remainder Emini TF Short @ 801.7 --> + 0.1
[09:39:28] <+wave1> l 89 es
[09:40:04] <+Trend> I think I'm done for the day guys. I've got computer/internet trouble and don't need the added stress of potentially being in a trade and losing my connection. Have a great day.
[09:40:46] <@wrbtrader> Shorts Emini TF @ 801.10 -> large size
[09:40:58] <@wrbtrader> 6+3
[09:41:47] <@wrbtrader> Covered all Emini TF Short @ 801.30 --> - 0.2
[09:42:36] <@wrbtrader> Shorts Emini TF @ 801.60 -> large size
[09:42:44] <@wrbtrader> 9 contracts
[09:42:48] <@wrbtrader> re-entry
[09:42:54] <@wrbtrader> problem with prior trade
[09:43:41] <+Fleneer> good morning traders
[09:44:47] <+wave1> ou es b/e
[09:45:24] <@wrbtrader> geeesh :(
[09:45:31] <+Tigerman3> Shorts Light Crude Oil CL @ 85.8
[09:45:43] <+Tigerman3> contrasting markets
[09:45:58] <+Tigerman3> and also storm here
[09:46:03] <@wrbtrader> WRB pt1 reached
[09:46:47] <@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
[09:47:28] <@wrbtrader> WRB pt2 reached
[09:47:29] <+Tigerman3> strong thunder
[09:47:41] <+Tigerman3> I have power surge
[09:47:52] <+Tigerman3> I hope my isp have the same
[09:49:39] <@wrbtrader> Covered 2/3 Emini TF Short @ 799.30 --> + 2.3
[09:50:13] <@wrbtrader> WRB pt3 reached
[09:50:18] <+Tigerman3> Covered all Light Crude Oil CL Short @ 85.59 --> + 0.21
[09:50:30] <+wave1> vn
[09:50:40] <@wrbtrader> Covered Remainder Emini TF Short @ 798.20 --> + 3.4
[09:51:01] <+Tigerman3> oops I have only 1 contract in this trade
[09:51:31] <+Tigerman3> otherwise I can scale out and grab more
[09:59:59] <+Tigerman3> home news right now
[10:00:51] <+Tigerman3> seems not good data
[10:02:32] <+Tigerman3> Shorts Light Crude Oil CL @ 85.5
[10:02:46] <@wrbtrader> Shorts Light Crude Oil CL @ 85.42 -> small size
[10:02:54] <+Tigerman3> intuition
[10:02:57] <@wrbtrader> 1 contract
[10:03:20] <@wrbtrader> initially moved too fast for me
[10:03:44] <@wrbtrader> I have no problems in re-shorting this at a higher price if I'm taken out for a loss
[10:03:53] <+Tigerman3> good wrbtrader
[10:04:02] <+Tigerman3> euro FX heavy fall
[10:04:55] <+Tigerman3> Covered all Light Crude Oil CL Short @ 85.45 --> + 0.05
[10:05:15] <@wrbtrader> Covered Light Crude Oil CL Short @ 85.39 --> + 0.03
[10:05:23] <@wrbtrader> early exit
[10:05:32] <@wrbtrader> trae was a poor entry
[10:05:58] <@wrbtrader> I still think I can get a "better entry price" on this particular price action that's reacting to a key market event
[10:06:11] <+Tigerman3> wow I have to increase my position size soon and exploit big move with remainder contracts :)
[10:07:21] <@wrbtrader> volatility contraction showing up now in key markets
[10:08:29] <@wrbtrader> Shorts Light Crude Oil CL @ 85.50 -> small size
[10:08:36] <@wrbtrader> 2 contracts
[10:10:35] <@wrbtrader> volatility contraction increasing
[10:11:21] <@wrbtrader> Covered all Light Crude Oil CL Short @ 85.48 --> + 0.02
[10:11:39] <@wrbtrader> too much contraction in the volatility
[10:11:57] <@wrbtrader> It's now setting up for a "volatility spike"...
[10:12:11] <@wrbtrader> Will wait for that to happen and will then try to jump on the bandwagon
[10:19:38] <@wrbtrader> Shorts Light Crude Oil CL @ 85.48 -> small size
[10:19:47] <@wrbtrader> 3 contracts
[10:19:50] <@wrbtrader> re-entry
[10:20:06] <@wrbtrader> sorry...new signal...
[10:20:16] <@wrbtrader> not a re-entry into the prior price action
[10:20:51] <@wrbtrader> meant...a new price action via the same trade signal
[10:22:08] <@wrbtrader> Covered all Light Crude Oil CL Short @ 85.58 --> - 0.1
[10:22:54] <@wrbtrader> pending approaching key market event
[10:25:38] <+wave1> S 31 nq sim
[10:27:27] <+wave1> ooit 29
[10:31:26] <@wrbtrader> Long Light Crude Oil CL @ 85.61 -> large size
[10:31:51] <@wrbtrader> 4 contracts...not 6
[10:32:10] <@wrbtrader> trailing tight
[10:32:44] <@wrbtrader> Emini futures in a Creeper Up Movement...
[10:33:19] <@wrbtrader> WRB pt1 reached
[10:33:48] <@wrbtrader> Exited all Light Crude Oil CL Long @ 86.02 --> + 0.41
[10:34:23] <+wave1> vn
[10:35:19] <@wrbtrader> Long Emini TF @ 802.00 -> small size
[10:35:26] <@wrbtrader> 2 contracts
[10:36:29] <@wrbtrader> key markets insync on the volatility spike even though price action isn't in the same direction
[10:36:41] <+Tigerman3> Long Light Crude Oil CL @ 80.25
[10:36:50] <+Tigerman3> iwm trade
[10:36:59] <@wrbtrader> Exited all Emini TF Long @ 803.50 --> + 1.5
[10:37:10] <@wrbtrader> WRB pt1 reached
[10:37:25] <@wrbtrader> volatility still increasing
[10:40:13] <+Tigerman3> Exited all Light Crude Oil CL Long @ 80.53 --> + 0.28
[10:40:23] <@wrbtrader> nice
[10:40:30] <+Tigerman3> etf trade
[10:40:39] <+Tigerman3> thanks wrbtrader
[10:41:27] <+Tigerman3> your "volatility still increasing " make me stay longer :)
[10:41:47] <@wrbtrader> I did a lot of juggling on my position size...
[10:41:59] <@wrbtrader> Got a headache now.
[10:42:05] <@wrbtrader> stressful
[10:42:54] <+wave1> T is light cruce CL?
[10:44:08] <@wrbtrader> wave1...what's a T ?
[10:44:33] <+wave1> was asking Tiger
[10:44:58] <+wave1> soory just look up CL price is 86 +
[10:47:24] <@wrbtrader> Oil CL futures and Heating Oil HO futures still in a Creeper Up Movement
[10:51:57] <@wrbtrader> Long Light Crude Oil CL @ 86.26 -> small size
[10:52:04] <@wrbtrader> 1 contract
[10:52:28] <@wrbtrader> looking for a Houdini Escape...
[10:52:33] <@wrbtrader> second guessing the trade
[10:52:43] <@wrbtrader> Exited Light Crude Oil CL Long @ 86.29 --> + 0.03
[10:53:13] <@wrbtrader> too much volatility contraction...growing
[10:53:30] <@wrbtrader> was afraid of getting stuck in some enduring chop
[10:55:28] <@wrbtrader> I wanted to primarily trade EuroFX 6E futures today...
[10:55:56] <@wrbtrader> everytime it would start to setup something...Emini TF or Oil CL futures would give a trade signal
[10:56:19] <@wrbtrader> Thus, so far have been primarily trading Emini TF futures and Oil CL futures today so far
[10:57:02] <@wrbtrader> There's two more key market events remaining today...
[10:57:51] <@wrbtrader> Enough to generate volatility in EuroFX futures or Forex EurUsd currency during a time duration they are usually dead (low volatility tight trading range)
[10:59:02] <+wave1> they got the S hard
[10:59:13] <+wave1> was thinking I missed S
[10:59:35] <@wrbtrader> Today is just a continue consistent example there has been markets...
[11:00:40] <@wrbtrader> Key Market Events (economic reports, global events, breaking news) is what gets key market participants to Open and Close positions
[11:01:06] <@wrbtrader> Resulting in swing points, reaction points or strong continuations in the price action
[11:01:42] <@wrbtrader> Simply, don't be fooled by those that say the "News is already priced into the price action".
[11:01:46] <@wrbtrader> LOL
[11:02:06] <@wrbtrader> It's not
[11:02:10] <+wave1> makes sense
[11:03:50] <T4n_paper> Long Light Crude Oil CL @ 803.6 -> small size «« sim »»
[11:04:26] <+T4n_paper> Exited Light Crude Oil CL Long @ 802.7 --> - 0.9 «« sim »»
[11:04:33] <+T4n_paper> owe
[11:08:22] <@wrbtrader> Wall Street pares losses after Boehner comments (Reuters) @ http://www.reuters.com/article/2012/11/ ... 8020121128
[11:11:21] <+Fleneer> what did Boehner say?
[11:12:27] <@wrbtrader> Simply, he thinks a deal can be reached.
[11:13:31] <+Fleneer> without jobs a tax deal is still superficial relative to our economic problems.
[11:14:06] <+Fleneer> I don't see the market with a strong run up regardless of a deal.
[11:14:27] <+Fleneer> Will stick to a scalping mode for the indefinte future.
[11:14:33] <@wrbtrader> It has run up already :)
[11:14:37] <@wrbtrader> You missed it :)
[11:15:04] <+Fleneer> just a trading run and nothing solid.
[11:15:17] <+Fleneer> copuld just as easily tank IMo
[11:15:27] <@wrbtrader> Exactly
[11:15:34] <@wrbtrader> That's the point of volatility
[11:15:47] <@wrbtrader> Without the volatility...if can't tank nor run up
[11:15:54] <@wrbtrader> Don't care about the direction...
[11:16:00] <@wrbtrader> I just want there to be volatility
[11:16:15] <@wrbtrader> Without the volatility...there's very little trade opportunities
[11:16:28] <+Fleneer> we agreee on that. Need volatility to scalp a profit
[11:16:47] <@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
[11:18:05] <@wrbtrader> Emini futures fighting hard for another Creeper Up Movement...
[11:18:14] <@wrbtrader> Yet, other key markets not biting so far
[11:21:37] <@wrbtrader> Companies Shelling Out Billions to Beat the 'Fiscal Cliff' (CNBC) @ http://www.cnbc.com/id/49993082
[11:26:00] <@wrbtrader> Spain banks restructuring gets green light in Brussels (BBC News) @ http://www.bbc.co.uk/news/business-20523753
[11:29:56] <+T4n_paper> Long Light Crude Oil CL @ 806.7 -> medium size «« sim »»
[11:30:18] <+Fleneer> If no tax deal before congress quits for Christmas expect lot of equity selling takinbg profits at 20121's lower tax rates
[11:30:50] <+T4n_paper> Exited Light Crude Oil CL Long @ 807.1 --> + 0.4 «« sim »»
[11:32:12] <+T4n_paper> thats tf...
[11:33:24] <+T4n_paper> Long Emini TF @ 1 -> small size «« sim »»
[11:33:29] <+T4n_paper> Exited Emini TF Long @ 1 --> 0 «« sim »»
[12:04:41] <Tigerman3> I am back
[12:24:24] <@wrbtrader> Emini futures still in a Creeper Up Movement
[12:27:08] <@wrbtrader> Long Emini TF @ 807.80 -> small size
[12:27:25] <@wrbtrader> 2 contracts
[12:29:48] <@wrbtrader> Exited all Emini TF Long @ 808.70 --> + 0.9
[12:30:00] <@wrbtrader> almost a WRB pt1
[12:30:03] <@wrbtrader> early exit
[12:30:54] <@wrbtrader> need to take an aspirin for this headache I have from a "neck strain"
[12:31:22] <wave1> back ..
[12:31:39] <+wave1> sorry to hear that ..N y aspirin willo it take 2
[12:45:39] <+tonyc> today is too exciting for me
[12:46:47] <@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
[13:42:39] <wave1> S 1404 es
[14:00:41] <+wave1> out +1
[14:07:44] <+Fleneer> seems beige book reaction was Ho-Hum
[14:31:48] <@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
[14:59:57] <+Tigerman3> Long Light Crude Oil CL @ 86.53
[15:02:15] <+Tigerman3> Exited all Light Crude Oil CL Long @ 86.58 --> + 0.05
[15:02:57] <+Tigerman3> it was intuition
[15:03:22] <+Tigerman3> but up move continue up
[15:12:31] <wave1> vn
[15:25:35] <@wrbtrader> Long Emini TF @ 810.40 -> small size
[15:25:44] <@wrbtrader> 1 contract
[15:27:16] <@wrbtrader> Exited Emini TF Long @ 811.20 --> + 0.8
[15:27:24] <@wrbtrader> WRB pt1 reached
[15:57:25] <+Tigerman3> contracting volatility in equity close
[15:58:54] <+Tigerman3> Long Light Crude Oil CL @ 81.20
[15:59:01] <+Tigerman3> iwm trade
[15:59:15] <+Tigerman3> intuition on up move
[16:01:29] <+Tigerman3> Exited all Light Crude Oil CL Long @ 81.26 --> + 0.06
[16:01:48] <@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
[16:02:20] <+Tigerman3> equity index at daily high
[16:02:36] <@wrbtrader> Yes
[16:02:43] <@wrbtrader> Good volatility today
[16:03:01] <+Tigerman3> yep is traders heaven
[16:03:14] <@wrbtrader> Hopefully it will last for the remainder of November (this week ending)
[16:04:10] <+Tigerman3> it will be good because I want end this month in good way
[16:08:39] <+Tigerman3> Long Light Crude Oil CL @ 81.31
[16:09:07] <+Tigerman3> last strike x today
[16:10:28] <+Tigerman3> Exited all Light Crude Oil CL Long @ 81.31 --> 0
[16:10:46] <+Tigerman3> only payed commision here
[16:12:04] <+Tigerman3> contracting now not a strong following
[16:12:28] <+Tigerman3> I no risk more
[16:12:37] <+Tigerman3> but the move is up
[16:13:22] <+Tigerman3> take care all see all tomorrow
[16:38:56] <+tonyc> http://content.screencast.com/users/ton ... 8_1636.png
[16:39:11] <+tonyc> following monday pattern fairly closely
[17:46:49] <@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

-------------------------

#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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